Happy New Year SIP One Resolution Start An - LIC Mutual Fund

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Happy New Year SIP One Resolution Start An - LIC Mutual Fund
JANUARY 2021

                                       One
                                    Resolution
                                    Start An
                                       SIP

     Happy New Year
                    Let the year ahead be the one
                    where your dreams come true.

  *(Systematic Investment Plan) SIP facility is generally available in Daily, Monthly & Quarterly frequency

 Connect with us:    /LICMutual      /LICMutual      /company/LICMutual      1800-258-5678      www.licmf.com

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
Happy New Year SIP One Resolution Start An - LIC Mutual Fund
MARKET REVIEW

                                  Mr. Yogesh Patil                                                                               Mr. Marzban Irani
                                  Fund Manager - Equity                                                                          CIO - Fixed Income

EQUITY                                                                                        DEBT
Market Review                                                                                 Market Review
Ÿ   The Indian economy and the sentiments are improving led by positive                       Ÿ    MPC Policy was a non event as policy rates remain unchanged with Repo Rate
developments on Covid-19 vaccinations. The supply side challenges have                        at 4% and Reverse Repo rate at 3.35%. Though some expected CRR to reverse to
recovered significantly, however; demand aggregates appear challenging. During                4% considering overnight rates going below 3% due to excess liquidity, RBI
the month, equity market saw appreciation with BSE Sensex rising by 8.2% month-               maintained CRR also at 3% for the time being. Governor maintained that rural
on-month and CNX Nifty rising by 7.8% for the same month.                                     demand continues to show improvement with urban demand catching up, however
                                                                                              he revised its expectation of real GDP contraction from 9.5% to 7.5%in FY21.
                                                                                              Governor stated that it expects GDP growth for Q3 & Q4 to move into positive
Ÿ   On the macro front, CPI Inflation declined to 6.93% in November vs 7.61% in
                                                                                              territory.
October 2020. The country's Index of Industrial Production (IIP) continued to grow
at 3.6% in October vs 0.2% in September 2020. Sector-wise indices – BSE Realty,
BSE Metal, BSE Consumer Durables, BSE IT, BSE Capital Goods, BSE 100, BSE                     Ÿ   In light of rising CPI print, Policy was expected to be pro inflation, however the
200, BSE 500, BSE FMCG, BSE Small-Cap, BSE Healthcare, BSE Oil & Gas, BSE                     policy was pro liquidity and pro growth. Except for upward revision of CPI estimates
Mid-Cap, BANKEX, BSE Auto and BSE Power rose by 20.2%, 13.5%, 12.4%,                          for FY21, there was not enough communication with respect to how RBI plans to
12.1%, 10.1%, 8.0%, 7.8%, 7.7%, 7.5%, 7.2%, 6.7%, 6.3%, 6.1%, 5.9%, 3.4% and                  tackle it. Rather there were a number of Pro liquidity announcements. The central
3.1% respectively.                                                                            bank plans to conduct special and outright bond purchases and announced on-tap
                                                                                              TLTRO for ₹ 1 lakh crore at 4 percent till March 2021, besides, OMO worth ₹ 20,000
                                                                                              crore.
Capital flows:
FIIs were net buyers in the equity to the tune of ₹ 53,500 crores (US$ 7,267mn) in
                                                                                              Ÿ   Beyond the usual growth, inflation and policy rationale, the December RBI policy
December 2020. Cumulatively, FIIs bought equity worth ₹ 1,73,338 crores
                                                                                              minutes shed light on increasing complexities arising out of (1) low short-term rates
(US$ 23,436mn) in last twelve months i.e., from January'20-Decemeber'20 and DII               and sustained negative real interest rates, (2) macro-financial stability given liquidity,
sold equity worth ₹ 46,483 crores (US$ 6,244mn) for the same period. (As on 31st              credit, and money supply, and (3) unequal pricing power among firms. A much-
December 2020, Source: SEBI) (December 2020 Avg. 1 USD = INR 73.6223).                        needed case was made for flexible inflation targeting framework and the gains seen
                                                                                              out of it.

Outlook
                                                                                              Ÿ   Second round of Coronavirus infections has led to ultra-accommodative global
Ÿ   The month gone by saw the emergence of the new Covid-19 strain in the UK                  monetary policy to persist in 2021 as the recovery remains policy dependent. ECB
which prompted many countries to impose travel restrictions on the UK. However,               expanded policy accommodation to limit the downside risk to growth with renewed
these were subsequently lifted by the end of the month. We finally see most of the            lockdowns in European countries. The PEPP was increased by €500bn and net
developed economies giving emergency approvals for the vaccines.                              purchases were extended to at least the end of March 2022.
Ÿ    2020 was rather an eventful year. We saw the indices peaking in February
before the virus spread from China to most parts of the globe, India being no                 Ÿ    Meanwhile, BoJ extended asset purchase program till Sept 2021. The US Fed
different and it took merely 30 trading days for the Nifty index to reach the year's          assured markets of continued accommodation and provided enhanced guidance on
low. However, the speed of the recovery was also surprising and demonstrated the              its asset purchase program, which will continue until substantial progress has been
confidence in the potential of the Indian economy. While it took Nifty index 165 days         made toward maximum employment and price stability goals.
to reach the previous high mark, it had recovered most of the losses. In
comparison, the drawdown in 2008 was more prolonged and it took a lot longer for              Ÿ   Global steel prices have risen to multi-year highs, as demand outstrips supply,
the index to reach the previous high-water mark in 2009.                                      led by strong rebound in China and iron ore supply disruptions. Meanwhile, Brent
                                                                                              crude oil prices rise to US$51pb, on the back of recovery hopes as well as supply
Ÿ   As we enter 2021, we expect to see strong demand recovery in the domestic                 side management by OPEC+, which has helped reduce the inventory build-up.
economy with the backbone being strong foreign exchange reserves accretion
during the pandemic. Surplus liquidity in the system has ensured all-time low
                                                                                              Outlook
interest rates acting as a catalyst and is also aiding RBI in facilitating Government's
capital expenditure plans and enhanced borrowings.                                            Ÿ   MPC members' outlook on inflation has become much more uncertain, with cost
Ÿ   Rural demand is likely to be robust on account of two consecutive years of good           push pressures such as elevated retail margins likely to persist. The supply side
agri-production, healthy food prices, MSP hikes, MGNREGA support etc. We are                  disruptions come at a time when output gap remains negative. However, once the
also seeing consolidation of market share in the hands of few with strong balance             recovery takes hold there is a risk that the cost push inflation could get generalized.
sheet and efficient supply chain. Pandemic has in a way catalyzed the process of
shift from unorganized to organized businesses and the benefits of government's               Ÿ    Hence, the window to address the supply-side disruptions is small and RBI's
policies like demonetization, GST etc. are likely to be seen going forward.                   ability to look through inflation pressures has narrowed considerably. We expect RBI
Ÿ    Lockdowns gave managements an opportunity to take a zero-base approach                   to remain on hold and maintain accommodative stance into FY22. CY2021 will be
to looking at overheads. Managements believe that even in a 'return to normalcy'              marked with hopes for (1) early roll-out of the Covid-19 vaccine, (2) normalization of
scenario, they can effect structural changes to their cost structure by managing              activities, and (3) unperturbed growth recovery.
their fixed costs components. However, near term growth impulses are still weak
with households preferring savings over consumption, government spending
                                                                                              Ÿ   India will see a slow cyclical recovery along with inflation gradually easing
constrained and corporate sector deferring capital expenditure.
                                                                                              though not enough to sustain the accommodative stance. Interest rates will likely
Ÿ   We believe, India is well placed among its global peers and going forward a)              harden with no rate cuts and persistent fiscal pressure. Key risks will be steering
industry consolidation, b) technological adoption, c) structural industrial changes,          through any financial sector stress, reviving the weak investment cycle, and any
d) government reforms. e) focus on domestic manufacturing and f) cost saving                  adverse global liquidity issues.
measures are likely to drive the Indian equity market.
Ÿ   We prefer to focus on existing leaders who are likely to disrupt/ innovate in their
business to ensure that their leadership or competitive advantage remains strong.
Value creation imperatives in investment viz, high standards of governance, high
capital efficiency, strong moats and sustainable growth are unlikely to change.

                                                                                          2
Happy New Year SIP One Resolution Start An - LIC Mutual Fund
RISKOMETER
                                   The Product Is Suitable For Investors Who Are
    Name Of The Scheme                                                                                                Riskometer
                                   Seeking *

LIC MF Large Cap Fund             Ÿ    Long Term Capital Appreciation
                                  Ÿ    A Fund that primarily invest in large-cap stock
                                  Ÿ    Risk - Very High

LIC MF Multicap Fund              Ÿ    Long Term Capital Appreciation
                                  Ÿ    Investing in Large, Mid & Small-cap stocks
                                  Ÿ    Risk - Very High

LIC MF Large & Mid Cap Fund        Ÿ   Long Term Capital Appreciation
                                   Ÿ   A Fund that primarily invest in large and mid-cap
                                       stocks
                                   Ÿ   Risk - Very High

LIC MF Tax Plan                   Ÿ    Long Term Capital Growth
                                  Ÿ    Investing in equity and equity related securities.
                                  Ÿ    Risk - Very High

LIC MF Index Fund-Sensex Plan Ÿ        Long Term Capital Growth
                                  Ÿ    Investment in equity instrument of S&P BSE Sensex
                                       Index stocks subject to tracking error.
                                  Ÿ    Risk - Very High

LIC MF Index Fund-Nifty Plan      Ÿ    Long Term Capital Growth
                                  Ÿ    Investment in equity instrument of NIFTY 50 Index
                                       stocks subject to tracking error.
                                  Ÿ    Risk - Very High

LIC MF Exchange Traded Fund       Ÿ    Long Term Investment                                                                 Moderately
                                                                                                                 Moderate
- Nifty 50                        Ÿ    Investment in securities covered by NIFTY 50                                           High
                                       Index, subject to tracking errors.                             Low to
                                  Ÿ    Risk - Very High                                              Moderate                            High

LIC MF Exchange Traded Fund       Ÿ    Long Term Investment
- Sensex                          Ÿ    Investment in securities covered by S&P BSE                 Low                                    Very High
                                       SENSEX, subject to tracking errors.
                                  Ÿ    Risk - Very High
                                                                                                 LOW               RISKOMETER              HIGH
LIC MF Exchange Traded Fund       Ÿ    Long Term Investment
- Nifty 100                       Ÿ    Investment in equity and equity related securities
                                                                                               Investors understand that their principal
                                       and portfolios replicating the composition of                   will be at Very High risk
                                       NIFTY 100 Index, subject to tracking errors.
                                  Ÿ    Risk - Very High

LIC MF Banking & Financial        Ÿ    Capital appreciation over long term
Services Fund                     Ÿ    Investment predominantly in a portfolio of equity
                                       and equity related securities of companies engaged
                                       in banking and financial services.
                                  Ÿ    Risk - Very High

LIC MF Infrastructure Fund        Ÿ    Long Term Capital Growth
                                  Ÿ    Investment in equity and equity related instruments
                                       of companies engaged either directly or indirectly
                                       in infrastructure sector.
                                  Ÿ    Risk - Very High

LIC MF Equity Hybrid Fund         Ÿ    Long term capital appreciation with current income.
                                  Ÿ    A fund that invests both in stocks and fixed income
                                       instruments.
                                  Ÿ    Risk - Very High

LIC MF Unit Linked Insurance      Ÿ    Long term capital appreciation and current income.
Scheme                            Ÿ    Investment in equity and equity related securiries,
                                       fixed income securities (debt and money market
                                       securities).
                                  Ÿ    Risk - Very High

LIC MF Children’s Gift Fund       Ÿ    Long term capital appreciation and current
                                       income
                                  Ÿ    A fund that invests both in stocks and fixed
                                       income instruments.
                                  Ÿ    Risk - Very High

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
For scheme related details, including updation in Riskometer (if any) may please be referred on our website www.licmf.com
                                                                                3
RISKOMETER
                                      The Product Is Suitable For Investors Who Are
    Name Of The Scheme                                                                                                    Riskometer
                                      Seeking *

                                                                                                                         Moderate   Moderately
LIC MF Debt Hybrid Fund           Ÿ     Medium term capital appreciation with current                                                 High
                                        income                                                                 Low to
                                                                                                              Moderate                           High
                                  Ÿ     A fund that invests predominantly in debt
                                        instruments with marginal equity exposure.
                                                                                                            Low                                   Very High
                                  Ÿ     Risk - Moderately High
                                                                                                           LOW             RISKOMETER               HIGH

                                                                                                   Investors understand that their principal will be at
                                                                                                                 Moderately High risk

LIC MF Government Securities      Ÿ     Long term capital appreciation and current income
Fund                              Ÿ     Investment in sovereign securities issued by
                                        Central/ State Government.
                                  Ÿ     Risk - Moderate

LIC MF G-Sec Long Term            Ÿ     Medium to long term regular income
Exchange Traded Fund              Ÿ     Investment in securities in line with Nifty 8-13 yr
                                        G-Sec Index to generate comparable returns
                                        subject to tracking error.
                                  Ÿ     Risk - Moderate

Exchange Traded Fund               Ÿ    Income over medium to long term
LIC MF Bond Fund                   Ÿ    To generate income/capital appreciation through
                                        investments in Debt and Money market
                                        instruments.
                                   Ÿ    Risk - Moderate                                                                  Moderate   Moderately
                                                                                                                                      High
                                                                                                               Low to
                                                                                                              Moderate                           High

                                  Ÿ     Regular income for medium term capital
LIC MF Banking & PSU                    appreciation with current income                                    Low                                   Very High
Debt Fund                         Ÿ     An income fund that invests predominantly in debt
                                                                                                           LOW             RISKOMETER              HIGH
                                        and money market instruments issued by Banks,
                                        Public Sector Undertakings, Public Financial                    Investors understand that their principal
                                        Institutions and Municipal Bonds.                                       will be at Moderate risk
                                  Ÿ     Risk - Moderate

LIC MF Short Term Debt Fund       Ÿ     Generation of reasonable returns over short to
                                        medium term.
                                  Ÿ     Investment in Debt securities and money market
                                        instruments.
                                  Ÿ     Risk - Moderate

LIC MF Savings Fund               Ÿ     Regular Income for short term
                                  Ÿ     A fund that focuses on low duration securities.
                                  Ÿ     Risk - Low to Moderate

                                                                                                                         Moderate   Moderately
LIC MF Ultra Short Term Fund      Ÿ     Regular income over short term.                                                               High
                                                                                                               Low to
                                  Ÿ     Investment in Debt & Money Market Instruments                         Moderate                           High
                                        such that the Macaulay Duration of the portfolio is
                                        between 3 months - 6 months.                                        Low                                   Very High
                                  Ÿ     Risk - Low to Moderate
                                                                                                           LOW             RISKOMETER              HIGH
                                                                                                      Investors understand that their principal will
                                                                                                              be at Low to Moderate risk
LIC MF Liquid Fund                Ÿ     Regular income for short term
                                  Ÿ     Investment in debt / money market instruments
                                        with maturity of upto 91 days.
                                  Ÿ     Risk - Low to Moderate

LIC MF Arbitrage Fund             Ÿ     Income over a short term investment horizon.
                                  Ÿ     Income through arbitrage opportunities between
                                        cash and derivative market and arbitrage
                                        opportunities within the derivative segment of the                               Moderate   Moderately
                                                                                                                                      High
                                        equity market.                                                         Low to
                                                                                                              Moderate                           High
                                  •     Risk - Low
                                                                                                            Low                                   Very High

LIC MF Overnight Fund             Ÿ     Regular income with high levels of safety and                      LOW             RISKOMETER              HIGH
                                        liquidity over short term
                                  Ÿ     Investment in debt and money market instruments             Investors understand that their principal
                                        with overnight maturity.                                               will be at Low risk
                                  Ÿ     Risk - Low

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
For scheme related details, including updation in Riskometer (if any) may please be referred on our website www.licmf.com
                                                                                 4
SCHEME FEATURES                                                    INVESTMENT OBJECTIVE
                                                             To achieve long term capital appreciation by investing in diversified portfolio predominantly consisting of
Scheme Type: An open ended equity scheme
predominantly investing in Large Cap stocks.                 equity and equity related securities of Large Cap companies including derivatives. However there can be no
                                                             assurance that the investment objective of the scheme will be achieved.
Date of allotment: September 01, 1994

Fund Size:                                                            PORTFOLIO AS ON 31.12.2020
AUM as on 31/12/2020: ₹ 485.68 Cr
Average AUM for December 2020: ₹ 471.17 Cr
                                                             Company                                                           % of NAV                       Company                                                        % of NAV
                                                               Equity Holdings                                                                               Bajaj Finserv Ltd.                                                        3.01%
Load Structure:                                                Auto                                                                     3.83%                ICICI Lombard General Ins Co. Ltd.                                        1.06%
Entry Load - NIL
                                                               Maruti Suzuki India Ltd.                                                 2.46%                ICICI Prudential Life Ins Co Ltd.                                         0.98%
Exit Load
Ÿ 12% of the units allotted shall be redeemed or
                                                               Mahindra & Mahindra Ltd.                                                 1.36%                Petroleum Products                                                        5.59%
   switched out without any exit load, on or before            Banks                                                                  23.61%                 Reliance Industries Ltd.                                                  5.52%
   completion of 12 months from the date of
   allotment of units.                                         HDFC Bank Ltd.                                                           8.87%                Reliance Industries Ltd. Partly Paid Up Fv2.5 0.07%
Ÿ 1% on remaining units if redeemed or switched                ICICI Bank Ltd.                                                          8.65%
   out on or before completion of 12 months from                                                                                                             Pharmaceuticals                                                           5.66%
   the date of allotment of units.                             Kotak Mahindra Bank Ltd.                                                 6.09%                Divi's Laboratories Ltd.                                                  2.26%
Ÿ Nil, if redeemed or switched out after                       Cement                                                                   3.05%
   completion of 12 months from the date of                                                                                                                  Torrent Pharmaceuticals Ltd.                                              1.58%
   allotment of units.                                         Shree Cement Ltd.                                                        1.54%
                                                                                                                                                             Cipla Ltd.                                                                0.76%
                                                               Ultratech Cement Ltd.                                                    1.51%
                                                                                                                                                             Biocon Ltd.                                                               0.75%
Benchmark: Nifty 100 TRI                                       Construction Project                                                     1.12%
                                                                                                                                                             Dr. Reddy's Laboratories Ltd.                                             0.30%
Minimum Investment (lumpsum): ₹ 5,000/-                        Larsen & Toubro Ltd.                                                     1.12%
                                                                                                                                                             Retailing                                                                 5.58%
                                                               Consumer Durables                                                        2.43%
Fund Manager:                                                                                                                                                Avenue Supermarts Ltd.                                                    5.58%
                                                               Titan Company Ltd.                                                       2.43%
Name: Mr. Yogesh Patil;
                                                                                                                                                             Software                                                                16.13%
Experience: 11+ years                                          Consumer Non Durables                                                  10.95%
                                                               Hindustan Unilever Ltd.                                                  3.41%                Infosys Ltd.                                                              9.00%
Co-Fund Manager:
Name: Ms. Ritu Modi;                                                                                                                                         Tata Consultancy Services Ltd.                                            6.18%
                                                               Nestle India Ltd.                                                        2.12%
Experience: 9+ years
                                                               Asian Paints Ltd.                                                        1.99%                Wipro Ltd.                                                                0.95%
NAV as on December 31, 2020:                                   Tata Consumer Products Ltd.                                              1.79%                Telecom - Services                                                        2.86%
NAV           Regular Plan                  Direct Plan                                                                                                      Bharti Airtel Ltd.                                                        2.86%
                                                               United Spirits Ltd.                                                      1.64%
Growth        ₹ 33.2713                     ₹ 35.7934
Dividend      ₹ 20.0932                     ₹ 23.7473          Finance                                                                16.13%                 Equity Holdings Total                                                   96.94%
                                                               Bajaj Finance Ltd.                                                       7.31%                Cash & Other Receivables Total                                            3.06%
Expense Ratio:
                                                               HDFC Ltd.                                                                3.77%                Grand Total                                                           100.00%
Regular: 2.61%                Direct: 1.42%
(for detailed bifurcation on TER, please see page no 32)        Top 10 holdings

Annual Portfolio Turnover Ratio:                                       SCHEME PERFORMANCE
0.23 times
                                                                                                                                                             Value of lumpsum investment of ₹ 10,000/- invested
                                                                                                                  CAGR (%)
                                                                                                                                                                                on inception date
                                                             Period
Risk Measures:                                                                                              Nifty 100 TRI*                                                                Nifty 100 TRI*
                                                                                         Scheme                                      Nifty 50 TRI**              Scheme                                                  Nifty 50 TRI**
Standard Deviation                    5.63
Portfolio Beta                        0.88                   1 Year                           13.77               16.03                    16.09                   11,381                      11,608                         11,614
Sharpe Ratio                         0.1235                  3 Years                          9.61                 9.98                    11.28                   13,180                      13,314                         13,790
                                                             5 Years                          11.31               13.17                     13.39                  17,094                      18,577                         18,754
                                                             Since Inception                  4.67                  NA                      10.45                  33,271                        NA                          1,37,223
     SECTOR ALLOCATION (% of NAV)                            Above returns are as on 31st December, 2020. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
                                                                                                                          th
                                                             option. Mr. Yogesh Patil is managing the above scheme from 18 September, 2020 and total no. of schemes managed by him is 11. Also, Ms. Ritu Modi is co managing the above
                                                             scheme from 1st November, 2019 and total no. of schemes managed by her is 7. Past performance may or may not be sustained in the future. Load is not taken into
                                                             consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. As the scheme was launched before the launch of
                                                    23.61%
                Banks                                        the benchmark index, benchmark index figures since inception or the required period are not available.* Benchmark, ** Additional Benchmark. NA : Not Available. The
                                                             performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 33.
               Finance                             16.13%

              Software                             16.13%

Consumer Non Durables                     10.95%
                                                                      SIP PERFORMANCE
                                                              SIP Investments                                                        1 Year           3 Years         5 Years           7 Years         10 Years        Since Inception*
       Pharmaceuticals            5.66%
                                                              Total Amount Invested (₹)                                             1,20,000         3,60,000         6,00,000         8,40,000        12,00,000                 NA
    Petroleum Products            5.59%
                                                              Market Value as on December 31, 2020 (₹)                               1,51,221        4,61,062         8,34,272         12,71,607 22,34,142                       NA
              Retailing           5.58%
                                                              Returns (CAGR) (%)                                                      51.50            16.73            13.14            11.64             11.94                 NA
                  Auto       3.83%
                                                              Benchmark Returns (CAGR) (%) #                                          59.18            16.84            14.31            12.96             13.11                 NA
               Cement       3.05%
                                                              Additional Benchmark Returns (CAGR) (%) ##                              60.66            17.61            14.89            13.10             12.91                 NA
    Telecom - Services      2.86%                            Above returns are as on 31 December, 2020. Past performance may or may not be sustained in the future. # Nifty 100 TRI, ## Nifty 50 TRI. Assuming ₹ 10,000/- invested
                                                                                         st

                                                             systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash by using XIRR method (investment
   Consumer Durables       2.43%
                                                             internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
   Construction Project   1.12%                              purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any
                                                             returns. NA : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. * Scheme data & TRI value of the Index are not available for
                                                             since inception, hence performance for such period is not available.

                                                                                                       5                                                                                          Factsheet January, 2021
SCHEME FEATURES                                                      INVESTMENT OBJECTIVE
Scheme Type: An open ended equity scheme                      An open ended pure growth scheme seeking to provide capital growth by investing mainly in mix of equity
investing across Large Cap, Mid Cap, Small Cap                instruments. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize
stocks
                                                              capital growth. However, there is no assurance that the investment objective of the Schemes will be realized.

Date of Allotment: April 15, 1993                                       PORTFOLIO AS ON 31.12.2020
Fund Size:                                                    Company                                                            % of NAV                      Company                                                         % of NAV
AUM as on 31/12/2020: ₹ 355.70 Cr                               Equity Holdings                                                                               ICICI Lombard General Insurance Co. Ltd. 0.81%
Average AUM for December 2020: ₹ 344.83 Cr                      Auto                                                                       2.35%              CRISIL Ltd.                               0.27%
                                                                Hero MotoCorp Ltd.                                                         1.21%              Gas                                       3.84%
Load Structure:                                                 Maruti Suzuki India Ltd.                                                   1.14%              Gujarat Gas Ltd.                          1.86%
Entry Load - NIL                                                Banks                                                                     22.87%              Petronet LNG Ltd.                         0.93%
Exit Load                                                       HDFC Bank Ltd.                                                             8.60%              Gujarat State Petronet Ltd.               0.63%
                                                                ICICI Bank Ltd.                                                            7.91%              Indraprastha Gas Ltd.                     0.42%
Ÿ 12% of the units allotted shall be redeemed or
   switched out without any exit load, on or before             Kotak Mahindra Bank Ltd.                                                   4.79%              Hotels & Other Recreational Activities    0.71%
   completion of 12 months from the date of                     City Union Bank Ltd.                                                       0.98%              The Indian Hotels Company Ltd.            0.71%
   allotment of units.                                          The Federal Bank Ltd.                                                      0.59%              Industrial Capital Goods                  0.96%
Ÿ 1% on remaining units if redeemed or switched                 Commercial Services                                                        1.02%              Honeywell Automation India Ltd.           0.96%
   out on or before completion of 12 months from                3M India Ltd.                                                              1.02%              Industrial Products                       0.91%
   the date of allotment of units.                              Construction Project                                                       1.72%              Huhtamaki India Ltd.                      0.91%
Ÿ Nil, if redeemed or switched out after                        Ashoka Buildcon Ltd.                                                       1.43%              Non - Ferrous Metals                      0.74%
   completion of 12 months from the date of                     Sadbhav Engineering Ltd.                                                   0.28%              Hindalco Industries Ltd.                  0.74%
   allotment of units.                                          Consumer Durables                                                          3.62%              Pharmaceuticals                           8.40%
                                                                TTK Prestige Ltd.                                                          1.11%              Biocon Ltd.                               2.89%
                                                                Titan Company Ltd.                                                         1.08%              Pfizer Ltd.                               1.74%
Benchmark: Nifty 500 TRI
                                                                Relaxo Footwears Ltd.                                                      0.75%              Sanofi India Ltd.                         1.62%
Minimum Investment (lumpsum): ₹ 5,000/-                         Johnson Controls-Hitachi AC India Ltd.                                     0.68%              Abbott India Ltd.                         1.24%
                                                                Consumer Non Durables                                                     17.04%              Alkem Laboratories Ltd.                   0.91%
                                                                Hindustan Unilever Ltd.                                                    5.88%              Software                                 15.78%
Fund Manager:
Name: Mr. Yogesh Patil                                          Nestle India Ltd.                                                          4.45%              Infosys Ltd.                              7.35%
Experience: 11+ years                                           Kansai Nerolac Paints Ltd.                                                 2.71%              Tata Consultancy Services Ltd.            5.90%
                                                                Asian Paints Ltd.                                                          1.88%              HCL Technologies Ltd.                     1.46%
                                                                Dabur India Ltd.                                                           1.31%              Tech Mahindra Ltd.                        1.07%
NAV as on December 31, 2020:
                                                                CCL Products (India) Ltd.                                                  0.50%              Telecom - Services                        2.62%
NAV           Regular Plan                      Direct Plan
                                                                Burger King India Ltd.                                                     0.30%              Bharti Airtel Ltd.                        2.62%
Growth        ₹ 56.0906                         ₹ 59.3226                                                                                                     Transportation                            2.50%
                                                                Fertilisers                                                                4.83%
Dividend      ₹ 18.3573                         ₹ 22.2380       Coromandel International Ltd.                                              4.83%              Container Co of India Ltd.                1.38%
                                                                Finance                                                                    7.46%              Transport Co of India Ltd.                1.12%
Expense Ratio:                                                  HDFC Ltd.                                                                  4.39%              Equity Holdings Total                    97.36%
Regular: 2.55%                  Direct: 1.67%                   SBI Life Insurance Company Ltd.                                            1.11%              Cash & Other Receivables Total            2.64%
(for detailed bifurcation on TER, please see page no 32)
                                                                ICICI Prudential Life Insurance Co Ltd.                                    0.89%              Grand Total                             100.00%
                                                                 Top 10 holdings
Annual Portfolio Turnover Ratio:
0.40 times
                                                                        SCHEME PERFORMANCE
Risk Measures:                                                                                                                                                Value of lumpsum investment of ₹ 10,000/- invested
                                                                                                                    CAGR (%)
                                                              Period                                                                                                            on inception date
Standard Deviation                       5.47
Portfolio Beta                           0.83                                              Scheme              Nifty 500 TRI* Nifty 50 TRI**                        Scheme                    Nifty 500 TRI*                Nifty 50 TRI**
Sharpe Ratio                           0.0570                                                 10.34                  17.84                                          11,037                         11,789                        11,614
                                                              1 Year                                                                          16.09
                                                              3 Years                          5.03                   7.91                    11.28                 11,590                         12,573                        13,790
     SECTOR ALLOCATION (% of NAV)                             5 Years                          8.26                  12.70                    13.39                 14,879                         18,193                        18,754
                                                              Since Inception                  6.42                   NA                      12.79                 56,091                           NA                         2,81,238
                                                              Above returns are as on 31st December, 2020. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
                                                     22.87%
                   Banks                                      option. Mr. Yogesh Patil is managing the above scheme from 4th October 2018 and total no. of schemes managed by him is 11. Past performance may or may not be sustained in
                                                              the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. As the scheme was
 Consumer Non Durables                              17.04%
                                                              launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available.* Benchmark, ** Additional Benchmark.
                 Software                          15.78%     The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 33.
         Pharmaceuticals                8.40%
                  Finance              7.46%
               Fertilisers       4.83%                                  SIP PERFORMANCE
                  Gas           3.84%
     Consumer Durables          3.62%                         SIP Investments                                                         1 Year            3 Years          5 Years         7 Years          10 Years Since Inception*
      Telecom - Services       2.62%                          Total Amount Invested (₹)                                               1,20,000        3,60,000          6,00,000         8,40,000        12,00,000                 NA
           Transportation      2.50%                                                                                                 1,46,721         4,40,535          7,76,977         11,46,073 19,42,564                       NA
                                                              Market Value as on December 31, 2020 (₹)
                     Auto     2.35%
                                                              Returns (CAGR) (%)                                                       43.70             13.55            10.27             8.73             9.31                  NA
    Construction Project      1.72%
    Commercial Services      1.02%                            Benchmark Returns (CAGR) (%) #                                           61.54             16.51            13.72            12.72             13.05                 NA
 Industrial Capital Goods    0.96%                                                                                                     60.66             17.61            14.89            13.10             12.91                 NA
                                                              Additional Benchmark Returns (CAGR) (%) ##
      Industrial Products    0.91%                            Above returns are as on 31st December, 2020. Past performance may or may not be sustained in the future. # Nifty 500 TRI, ## Nifty 50 TRI. Assuming ₹ 10,000/- invested
    Non - Ferrous Metals     0.74%                            systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash by using XIRR method (investment
          Hotels & Other                                      internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
                             0.71%                            purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any
   Recreational Activities
                                                              returns. NA: Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. * Scheme data & TRI value of the Index are not available for
                                                              since inception, hence performance for such period is not available.

                                                                                                        6                                                                                           Factsheet January, 2021
SCHEME FEATURES                                                       INVESTMENT OBJECTIVE
                                                                To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked
Scheme Type: An open ended equity scheme
investing in both Large Cap and Mid Cap stocks                  instruments of large cap and midcap companies.

Date of Allotment: February 25, 2015                                     PORTFOLIO AS ON 31.12.2020

Fund Size:                                                       Company                                                        % of NAV                    Company                                                      % of NAV
AUM as on 31/12/2020: ₹ 930.42 Cr                                 Equity Holdings                                                                           Gas                                                1.75%
Average AUM for December 2020: ₹ 898.74 Cr                        Banks                                                                 17.50%              Gujarat State Petronet Ltd.                        0.94%
                                                                  ICICI Bank Ltd.                                                        7.29%              Petronet LNG Ltd.                                  0.81%
                                                                  HDFC Bank Ltd.                                                         6.54%              Healthcare Services                                1.04%
Load Structure:                                                                                                                                             Dr. Lal Path Labs Ltd.                             1.04%
                                                                  Kotak Mahindra Bank Ltd.                                               2.53%
Entry Load - NIL                                                  City Union Bank Ltd.                                                   1.14%              Hotels & Other Recreational Activities             1.40%
Exit Load                                                         Chemicals                                                             10.08%              The Indian Hotels Company Ltd.                     1.40%
Ÿ 12% of the units allotted shall be redeemed or                  Tata Chemicals Ltd.                                                    3.59%              Industrial Products                                1.09%
   switched out without any exit load, on or before               Atul Ltd.                                                              2.36%              Supreme Industries Ltd.                            1.09%
   completion of 12 months from the date of                       Vinati Organics Ltd.                                                   2.21%              Petroleum Products                                 2.65%
   allotment of units.                                            Navin Fluorine International Ltd.                                      1.58%              Reliance Industries Ltd.                           2.65%
Ÿ 1% on remaining units if redeemed or switched                   Sumitomo Chemical India Ltd.                                           0.33%              Pharmaceuticals                                   11.49%
   out on or before completion of 12 months from                  Commercial Services                                                    1.52%              Syngene International Ltd.                         2.61%
   the date of allotment of units.                                3M India Ltd.                                                          1.52%              IPCA Laboratories Ltd.                             2.46%
Ÿ Nil, if redeemed or switched out after                          Construction                                                           1.44%              Biocon Ltd.                                        2.22%
   completion of 12 months from the date of                       Brigade Enterprises Ltd.                                               1.44%
   allotment of units.                                                                                                                                      Torrent Pharmaceuticals Ltd.                       2.20%
                                                                  Consumer Durables                                                      7.83%              Sanofi India Ltd.                                  1.98%
                                                                  Voltas Ltd.                                                            2.72%              Retailing                                          6.14%
Benchmark: Nifty LargeMidcap 250 TRI                              Bata India Ltd.                                                        2.03%
                                                                                                                                                            Avenue Supermarts Ltd.                             3.09%
                                                                  Crompton Greaves Cons Electrical Ltd.                                  0.96%
                                                                                                                                                            Trent Ltd.                                         1.81%
Minimum Investment (lumpsum): ₹ 5,000/-                           TTK Prestige Ltd.                                                      0.83%
                                                                                                                                                            Aditya Birla Fashion & Retail Ltd.                 1.16%
                                                                  Titan Company Ltd.                                                     0.79%
                                                                                                                                                            Aditya Birla Fashion & Retail Ltd. Partly Paid Fv5 0.08%
Fund Manager:                                                     Johnson Controls-Hitachi AC India Ltd.                                 0.51%
                                                                                                                                                            Software                                          13.99%
Name: Mr. Yogesh Patil                                            Consumer Non Durables                                                  7.10%
                                                                                                                                                            Infosys Ltd.                                       7.00%
Experience: 11+ years                                             Tata Consumer Products Ltd.                                            2.99%
                                                                                                                                         1.72%              Tata Consultancy Services Ltd.                     3.39%
                                                                  Hindustan Unilever Ltd.
                                                                  Nestle India Ltd.                                                      1.18%              Info Edge (India) Ltd.                             1.44%
NAV as on December 31, 2020:                                                                                                                                Larsen & Toubro Infotech Ltd.                      1.14%
NAV           Regular Plan                    Direct Plan         United Spirits Ltd.                                                    0.80%
                                                                  CCL Products (India) Ltd.                                              0.40%              HCL Technologies Ltd.                              1.02%
Growth        ₹ 18.4495                       ₹ 19.9137                                                                                                     Telecom - Services                                 1.84%
                                                                  Fertilisers                                                            1.66%
Dividend      ₹ 16.2356                       ₹ 17.2870                                                                                  1.66%              Bharti Airtel Ltd.                                 1.84%
                                                                  Coromandel International Ltd.
                                                                  Finance                                                                6.35%              Textile Products                                   1.84%
Expense Ratio:                                                    Bajaj Finance Ltd.                                                     3.60%              Page Industries Ltd.                               1.84%
Regular: 2.37%                Direct: 0.88%                       ICICI Securities Ltd.                                                  0.96%              Equity Holdings Total                             96.71%
(for detailed bifurcation on TER, please see page no 32)          SBI Life Insurance Company Ltd.                                        0.94%              Cash & Other Receivables Total                     3.29%
                                                                  ICICI Lombard General Insurance Co. Ltd.                               0.85%              Grand Total                                      100.00%

Annual Portfolio Turnover Ratio:                                   Top 10 holdings
0.38 times

                                                                          SCHEME PERFORMANCE
Risk Measures:
Standard Deviation                     6.30                                                                                                                            Value of lumpsum investment of ₹ 10,000/-
                                                                                                                     CAGR (%)
Portfolio Beta                         0.90                     Period                                                                                                           invested on inception date
Sharpe Ratio                          0.0880                                             Scheme         Nifty LargeMidcap 250 TRI*
                                                                                                                                                  Nifty 50
                                                                                                                                                                  Scheme         Nifty LargeMidcap 250 TRI* Nifty 50 TRI**
                                                                                                                                                   TRI**
                                                                1 Year                      14.04                      20.81                        16.09          11,408                      12,087                        11,614
     SECTOR ALLOCATION (% of NAV)                               3 Years                      6.30                      6.70                         11.28          12,018                      12,155                        13,790

                                                                5 Years                    13.76                      13.16                         13.39          19,067                      18,564                        18,754
                                                 17.50%         Since Inception            11.03                      10.91                         9.69           18,449                      18,328                        17,178
                  Banks
                                                                Above returns are as on 31st December, 2020. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
               Software                                13.99%   option. Mr. Yogesh Patil is managing the above scheme from 18th September, 2020 and total no. of schemes managed by him is 11. Date of allotment is 25th Feb’2015. Past
        Pharmaceuticals                         11.49%          performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. NA : Not Available. The Mutual Fund is not
              Chemicals                       10.08%            guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index.
                                                                * Benchmark. ** Additional Benchmark. NA : Not Available.
     Consumer Durables                  7.83%
Consumer Non Durables                  7.10%
                Finance               6.35%
                                                                         SIP PERFORMANCE
                Retailing             6.14%
     Petroleum Products       2.65%                             SIP Investments                                                      1 Year           3 Years         5 Years        7 Years        10 Years        Since Inception
        Textile Products     1.84%                              Total Amount Invested (₹)                                           1,20,000         3,60,000       6,00,000                                            7,00,000
                                                                                                                                                                                         -               -
      Telecom - Services     1.84%
                                                                Market Value as on December 31, 2020 (₹)                            1,50,984         4,51,845       8,37,749             -               -              10,23,375
                    Gas      1.75%
              Fertilisers   1.66%                               Returns (CAGR) (%)                                                    51.09           15.31           13.31              -               -                 12.90
    Commercial Services     1.52%                               Benchmark Returns (CAGR) (%) #                                        63.80           16.88           13.98              -               -                 13.37
           Construction     1.44%                                                                                                     60.66                                              -               -                 13.83
                                                                Additional Benchmark Returns (CAGR) (%) ##                                             17.61          14.89
         Hotels & Other     1.40%
  Recreational Activities                                       Above returns are as on 31 st December, 2020. Past performance may or may not be sustained in the future. # Nifty LargeMidcap 250 TRI, ## NIFTY 50 TRI. Assuming ₹
                                                                10,000/- invested systematically on the first Business Day of every month over a period of time.CAGR returns are computed after accounting for the cash by using XIRR
     Industrial Products    1.09%
                                                                method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment
     Healthcare Services    1.04%                               simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or
                                                                promising or forecasting any returns. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. The
                                                                performance of the scheme is benchmarked to the Total Return variant of the index.

                                                                                                         7                                                                                     Factsheet January, 2021
SCHEME FEATURES                                                                            INVESTMENT OBJECTIVE
                                                                                        The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a
Scheme Type: An open ended equity scheme
investing in banking & financial companies                                              portfolio that in invested substantially in equity and equity related securities of companies engaged in
                                                                                        banking and financial services sector. However there can be no assurance that the investment objective of
Date of Allotment: March 27, 2015                                                       the scheme will be achieved.

Fund Size:
AUM as on 31/12/2020: ₹ 60.57 Cr                                                                PORTFOLIO AS ON 31.12.2020
Average AUM for December 2020: ₹ 59.29 Cr
                                                                                         Company                                                                                                                                       % of NAV
Load Structure:                                                                           Equity Holdings
Entry Load - NIL
                                                                                          Banks                                                                                                                                              75.95%
Exit Load
Ÿ 12% of the units allotted shall be redeemed or                                          HDFC Bank Ltd.                                                                                                                                     24.92%
   switched out without any exit load, on or before
   completion of 12 months from the date of                                               ICICI Bank Ltd.                                                                                                                                    14.44%
   allotment of units.                                                                    Kotak Mahindra Bank Ltd.                                                                                                                           11.67%
Ÿ 1% on remaining units if redeemed or switched
   out on or before completion of 12 months from                                          Axis Bank Ltd.                                                                                                                                       6.85%
   the date of allotment of units.
                                                                                          City Union Bank Ltd.                                                                                                                                 5.22%
Ÿ Nil, if redeemed or switched out after
   completion of 12 months from the date of                                               State Bank of India                                                                                                                                  5.12%
   allotment of units.
                                                                                          The Federal Bank Ltd.                                                                                                                                4.98%
Benchmark: Nifty Financial Services TRI                                                   DCB Bank Ltd.                                                                                                                                        2.75%
                                                                                          Finance                                                                                                                                            17.62%
Minimum Investment (lumpsum): ₹ 5,000/-
                                                                                          HDFC Ltd.                                                                                                                                            8.04%
Fund Manager:
Name: Mr. Yogesh Patil                                                                    ICICI Lombard General Insurance Co. Ltd.                                                                                                             2.55%
Experience: 11+ years                                                                     Bajaj Finance Ltd.                                                                                                                                   2.02%
NAV as on December 31, 2020:                                                              Central Depository Services (I) Ltd.                                                                                                                 1.73%
NAV           Regular Plan                                 Direct Plan
                                                                                          SBI Life Insurance Company Ltd.                                                                                                                      1.65%
Growth        ₹ 12.0407                                     ₹ 12.7796
Dividend      ₹ 12.0388                                     ₹ 12.7341                     ICICI Prudential Life Insurance Co Ltd.                                                                                                              1.63%
                                                                                          Equity Holdings Total                                                                                                                              93.56%
Expense Ratio:
Regular: 2.62%                             Direct: 1.50%
                                                                                          Cash & Other Receivables Total                                                                                                                       6.44%
(for detailed bifurcation on TER, please see page no 32)                                  Grand Total                                                                                                                                     100.00%
                                                                                         Top 10 holdings
Annual Portfolio Turnover Ratio:
0.40 times
                                                                                                SCHEME PERFORMANCE
Risk Measures:
                                                                                                                                                                                               Value of lumpsum investment of ₹ 10,000/-
Standard Deviation                                  8.56                                                                                    CAGR (%)
                                                                                                                                                                                                          invested on inception date
                                                                                      Period
Portfolio Beta                                      0.96
                                                                                                                                        Nifty Financial Nifty 50 TRI**                                     Nifty Financial     Nifty 50 TRI**
Sharpe Ratio                                      -0.0036                                                              Scheme                                                                Scheme
                                                                                                                                        Services TRI*                                                      Services TRI*
                                                                                      1 Year                           -2.09                    4.73                     16.09                9,790                     10,474                      11,614
        SECTOR ALLOCATION (% of NAV)                                                  3 Years                          -1.27                   13.75                     11.28                9,624                     14,734                      13,790

                                                                                      5 Years                           7.13                   17.39                    13.39                14,117                     22,314                      18,754
                                                                                      Since Inception                   3.27                   14.12                     10.75               12,041                     21,426                      18,023
    Banks                                                           75.95%                                        st
                                                                                      Above returns are as on 31 December, 2020. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
                                                                                      option. Mr. Yogesh Patil is managing the above scheme from 4th October 2018 and total no. of schemes managed by him is 11. Date of allotment is 27th March'2015. Past
                                                                                      performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising
  Finance                       17.62%                                                or forecasting any returns. * Benchmark, ** Additional Benchmark. NA : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index.

         SIP PERFORMANCE
SIP Investments                                                                                 1 Year                      3 Years                       5 Years                    7 Years                   10 Years                  Since Inception
Total Amount Invested (₹)                                                                      1,20,000                    3,60,000                      6,00,000                        -                          -                         6,90,000
Market Value as on December 31, 2020 (₹)                                                       1,52,350                    4,17,951                      7,09,052                        -                          -                         8,22,226

Returns (CAGR) (%)                                                                              53.48                          9.93                        6.61                          -                          -                            6.02
Benchmark Returns (CAGR) (%) #                                                                  66.84                          18.80                      17.94                          -                          -                           17.15
Additional Benchmark Returns (CAGR) (%) ##                                                       60.66                         17.61                      14.89                          -                          -                           13.98
Above returns are as on 31 December, 2020. Past performance may or may not be sustained in the future. # Nifty Financial Services TRI, ## Nifty 50 TRI. Assuming ₹ 10,000/- invested systematically on the first Business Day of every month over a period of time.
                           st

CAGR returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for
illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. Since inception returns are assumed to be starting from the beginning of
the subsequent month from the date of inception. The performance of the scheme is benchmarked to the Total Return variant of the index.

                                                                                                                                 8                                                                                        Factsheet January, 2021
SCHEME FEATURES                                                        INVESTMENT OBJECTIVE
                                                                 To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in
Scheme Type: An open ended equity linked
                                                                 the stock markets. An open ended equity linked tax saving Scheme which offers investors the opportunity to
saving scheme with a statutory lock in of 3 years
and tax benefit.                                                 seek Tax rebate u/s 80C of the Income Tax Act 1961. However, there is no assurance that the investment
                                                                 objective of the Schemes will be realized.
Date of Allotment: March 31,1997
                                                                          PORTFOLIO AS ON 31.12.2020
Fund Size:
AUM as on 31/12/2020: ₹ 325.95 Cr                                Company                                                            % of NAV                    Company                                                         % of NAV
Average AUM for December 2020: ₹ 317.35 Cr                        Equity Holdings                                                                               ICICI Lombard General Insurance Co. Ltd.           1.10%
                                                                  Auto                                                                       2.93%              ICICI Prudential Life Insurance Co Ltd.            0.97%
                                                                  Maruti Suzuki India Ltd.                                                   1.50%              ICICI Securities Ltd.                              0.76%
Load Structure:
Entry Load: Nil                                                   Mahindra & Mahindra Ltd.                                                   1.43%              Gas                                                1.07%
                                                                  Banks                                                                     21.85%              Petronet LNG Ltd.                                  1.07%
Exit Load: Nil (Subject to lock-in period of 3
                                                                  ICICI Bank Ltd.                                                            8.37%              Hotels & Other Recreational Activities             1.46%
years)
                                                                  HDFC Bank Ltd.                                                             8.13%              The Indian Hotels Company Ltd.                     1.46%
                                                                  Kotak Mahindra Bank Ltd.                                                   4.18%              Petroleum Products                                 2.97%
Benchmark: Nifty 500 TRI                                          City Union Bank Ltd.                                                       1.18%              Reliance Industries Ltd.                           2.97%
                                                                  Cement                                                                     0.52%              Pharmaceuticals                                    8.93%
Minimum Investment (lumpsum): ₹ 500/-                             Ultratech Cement Ltd.                                                      0.52%              IPCA Laboratories Ltd.                             2.01%
                                                                  Chemicals                                                                  6.08%
Fund Manager:                                                                                                                                                   Biocon Ltd.                                        1.68%
                                                                  Tata Chemicals Ltd.                                                        2.25%
Name: Mr. Yogesh Patil                                                                                                                                          Divi's Laboratories Ltd.                           1.62%
                                                                  Vinati Organics Ltd.                                                       2.16%
Experience: 11+ years                                                                                                                                           Syngene International Ltd.                         1.19%
                                                                  Atul Ltd.                                                                  1.67%
                                                                                                                                                                Cipla Ltd.                                         0.93%
                                                                  Construction                                                               1.55%
NAV as on December 31, 2020:                                                                                                                                    Sanofi India Ltd.                                  0.82%
                                                                  Brigade Enterprises Ltd.                                                   1.55%
NAV           Regular Plan                      Direct Plan                                                                                                     Torrent Pharmaceuticals Ltd.                       0.69%
                                                                  Consumer Durables                                                          5.24%
Growth        ₹ 79.5118                         ₹ 86.0788                                                                                                       Retailing                                          7.17%
                                                                  Titan Company Ltd.                                                         1.69%
Dividend      ₹ 18.9410                         ₹ 21.3959                                                                                                       Avenue Supermarts Ltd.                             4.30%
                                                                  Voltas Ltd.                                                                1.52%
                                                                                                                                                                Trent Ltd.                                         1.46%
                                                                  Bata India Ltd.                                                            1.50%
                                                                  Crompton Greaves Cons Electrical Ltd.                                                         Aditya Birla Fashion & Retail Ltd.                 1.32%
Expense Ratio:                                                                                                                               0.53%
                                                                  Consumer Non Durables                                                      8.71%              Aditya Birla Fashion & Retail Ltd. Partly Paid Fv5 0.09%
Regular: 2.50%                  Direct: 1.29%                                                                                                                   Software                                          16.56%
(for detailed bifurcation on TER, please see page no 32)          Hindustan Unilever Ltd.                                                    2.51%
                                                                  Tata Consumer Products Ltd.                                                2.23%              Infosys Ltd.                                       8.41%
                                                                  Asian Paints Ltd.                                                          1.27%              Tata Consultancy Services Ltd.                     4.99%
Annual Portfolio Turnover Ratio:                                  United Spirits Ltd.                                                        1.18%              HCL Technologies Ltd.                              1.60%
0.35 times                                                        Nestle India Ltd.                                                                             Info Edge (India) Ltd.                             1.56%
                                                                                                                                             0.90%
                                                                  Kansai Nerolac Paints Ltd.                                                 0.61%              Telecom - Services                                 2.49%
Risk Measures:                                                    Fertilisers                                                                1.17%              Bharti Airtel Ltd.                                 2.49%
Standard Deviation                      6.20                      Coromandel International Ltd.                                              1.17%              Textile Products                                   1.02%
Portfolio Beta                          0.92                      Finance                                                                    8.65%              Page Industries Ltd.                               1.02%
Sharpe Ratio                            0.0911                    Bajaj Finance Ltd.                                                         3.47%              Equity Holdings Total                             98.35%
                                                                  HDFC Ltd.                                                                  1.23%              Cash & Other Receivables Total                     1.65%
                                                                  SBI Life Insurance Company Ltd.                                            1.11%              Grand Total                                      100.00%
                                                                   Top 10 holdings

     SECTOR ALLOCATION (% of NAV)                                         SCHEME PERFORMANCE
                                                                                                                                                                          Value of lumpsum investment of ₹ 10,000/-
                                                                                                                        CAGR (%)
                                                                Period                                                                                                            invested on inception date
                                                     21.85%
                  Banks                                                                          Scheme              Nifty 500 TRI*             Nifty 50 TRI**          Scheme                  Nifty 500 TRI*                Nifty 50 TRI**

               Software                                16.56%    1 Year                          8.90                      17.84                      16.09               10,892                       11,789                       11,614

       Pharmaceuticals                       8.93%              3 Years                          6.40                       7.91                       11.28              12,051                      12,573                        13,790
Consumer Non Durables                    8.71%                  5 Years                          11.29                     12.70                      13.39               17,083                      18,193                        18,754
                Finance                  8.65%                  Since Inception                  9.11                      14.80                      13.28               79,512                     2,65,841                     1,93,628
                                                                                            st
                Retailing              7.17%                    Above returns are as on 31 December, 2020. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
                                                                option. Mr. Yogesh Patil is managing the above scheme from 18th September 2020 and total no. of schemes managed by him is 1 1. Past performance may or may not be
              Chemicals               6.08%                     sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns.
                                                                *Benchmark, **Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 33.
    Consumer Durables                5.24%
    Petroleum Products         2.97%
                                                                         SIP PERFORMANCE
                    Auto       2.93%
     Telecom - Services       2.49%
                                                                SIP Investments                                                          1 Year          3 Years           5 Years          7 Years         10 Years Since Inception*
                                                                Total Amount Invested (₹)                                              1,20,000          3,60,000         6,00,000         8,40,000        12,00,000                 NA
           Construction      1.55%
                                                                Market Value as on December 31, 2020 (₹)                               1,49,852          4,41,260         8,10,752         12,57,414 22,74,586                       NA
         Hotels & Other
                             1.46%
  Recreational Activities                                                                                                                                                    11.98           11.32             12.28                 NA
                                                                Returns (CAGR) (%)                                                        49.12             13.66
              Fertilisers   1.17%
                                                                Benchmark Returns (CAGR) (%) #                                            61.54            16.51             13.72           12.72             13.05                 NA
                     Gas    1.07%
                                                                Additional Benchmark Returns (CAGR) (%) ##                                60.66            17.61             14.89            13.10            12.91                  NA
        Textile Products    1.02%                                Above returns are as on 31st December, 2020. Past performance may or may not be sustained in the future. # Nifty 500 TRI, ## Nifty 50 TRI. Assuming ₹ 10,000/- invested
                                                                 systematically on the first Business Day of every month over a period of time.CAGR returns are computed after accounting for the cash by using XIRR method (investment
                 Cement     0.52%
                                                                 internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative
                                                                 purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any
                                                                 returns. NA: Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. * Scheme data & TRI value of the Index are not available for
                                                                 since inception, hence performance for such period is not available.

                                                                                                          9                                                                                           Factsheet January, 2021
SCHEME FEATURES                                                          INVESTMENT OBJECTIVE
                                                                      The investment objective of the scheme is to generate long-term growth from a portfolio of equity / equity
 Scheme Type: An open ended equity scheme
 investing in infrastructure companies.                               related instruments of companies engaged either directly or indirectly in the infrastructure sector. However,
                                                                      there is no assurance that the investment objective of the Schemes will be realized.
 Date of Allotment: March 24, 2008
                                                                              PORTFOLIO AS ON 31.12.2020
 Fund Size:
 AUM as on 31/12/2020: ₹ 54.71 Cr                                    Company                                                           % of NAV                  Company                                                         % of NAV
 Average AUM for December 2020: ₹ 54.41 Cr
                                                                        Equity Holdings                                                                            Petronet LNG Ltd.                                                        5.05%
 Load Structure:                                                        Banks                                                                21.00%                Gujarat State Petronet Ltd.                                              3.85%
 Entry Load - NIL
                                                                        HDFC Bank Ltd.                                                         7.10%               Industrial Capital Goods                                                 1.49%
 Exit Load
 Ÿ 12% of the units allotted shall be redeemed or                       ICICI Bank Ltd.                                                        6.48%               Honeywell Automation India Ltd.                                          1.49%
    switched out without any exit load, on or before                    City Union Bank Ltd.                                                   3.31%
    completion of 12 months from the date of                                                                                                                       Industrial Products                                                      5.43%
    allotment of units.                                                 State Bank of India                                                    2.07%
                                                                                                                                                                   SKF India Ltd.                                                           5.43%
 Ÿ 1% on remaining units if redeemed or switched
    out on or before completion of 12 months from                       Axis Bank Ltd.                                                         2.04%
                                                                                                                                                                   Non - Ferrous Metals                                                     3.97%
    the date of allotment of units.                                     Cement                                                               20.70%
 Ÿ Nil, if redeemed or switched out after                                                                                                                          Hindalco Industries Ltd.                                                 3.97%
    completion of 12 months from the date of                            Ultratech Cement Ltd.                                                  7.72%
    allotment of units.                                                                                                                                            Petroleum Products                                                       7.25%
                                                                        The Ramco Cements Ltd.                                                 6.42%
                                                                                                                                                                   Reliance Industries Ltd.                                                 6.93%
                                                                        JK Lakshmi Cement Ltd.                                                 3.06%
 Benchmark: Nifty Infrastructure TRI                                                                                                                               Reliance Industries Ltd. Partly Paid Up Fv2.5 0.32%
                                                                        ACC Ltd.                                                               2.37%
 Minimum Investment (lumpsum): ₹ 5,000/-                                                                                                                           Telecom - Services                                                       5.67%
                                                                        Orient Cement Ltd.                                                     1.13%
                                                                                                                                                                   Bharti Airtel Ltd.                                                       5.67%
 Fund Manager:                                                          Construction                                                           9.88%
 Name: Mr. Yogesh Patil                                                                                                                                            Transportation                                                           5.21%
                                                                        KNR Constructions Ltd.                                                 5.47%
 Experience: 11+ years
                                                                        Brigade Enterprises Ltd.                                               4.41%               Container Co of India Ltd.                                               2.34%
 NAV as on December 31, 2020:                                                                                                                                      Transport Co of India Ltd.                                               1.50%
                                                                        Construction Project                                                   3.91%
 NAV           Regular Plan                    Direct Plan
 Growth        ₹ 15.1609                       ₹ 16.3918                Larsen & Toubro Ltd.                                                   2.71%               Blue Dart Express Ltd.                                                   1.24%
 Dividend      ₹ 15.1617                       ₹ 16.1853                Ashoka Buildcon Ltd.                                                   1.20%               TCI Express Ltd.                                                         0.13%
                                                                        Finance                                                                4.12%               Equity Holdings Total                                                 97.53%
 Expense Ratio:
 Regular: 2.49%                    Direct: 1.22%                        HDFC Ltd.                                                              4.12%               Cash & Other Receivables Total                                           2.47%
 (for detailed bifurcation on TER, please see page no 32)
                                                                        Gas                                                                    8.90%               Grand Total                                                         100.00%
                                                                        Top 10 holdings
 Annual Portfolio Turnover Ratio:
 0.18 times
                                                                               SCHEME PERFORMANCE
 Risk Measures:
 Standard Deviation                      6.89                                                                                                                                Value of lumpsum investment of ₹ 10,000/-
                                                                                                                            CAGR (%)
 Portfolio Beta                          0.97                        Period                                                                                                            invested on inception date
 Sharpe Ratio                          -0.0016                                                                       Nifty Infrastructure                                                     Nifty Infrastructure
                                                                                                     Scheme                                         Nifty 50 TRI**         Scheme                                             Nifty 50 TRI**
                                                                                                                              TRI*                                                                     TRI*
                                                                     1 Year                           -0.13                  14.30                      16.09               9,987                      11,434                      11,614

                                                                     3 Years                          -1.15                     2.06                    11.28               9,657                      10,633                      13,790

                                                                     5 Years                          6.07                      7.47                    13.39               13,434                     14,340                      18,754
                                                                     Since Inception                  3.31                      0.51                    10.38               15,161                     10,670                      35,346
       SECTOR ALLOCATION (% of NAV)                                  Above returns are as on 31st December, 2020. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
                                                                     option. Mr. Yogesh Patil managing the above scheme from 18th September 2020 and total no. of schemes managed by him is 11. Past performance may or may not be
                                                                     sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. *
                                                                     Benchmark, ** Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index.
                                                   21.00%
                 Banks

                Cement                                      20.70%
                                                                               SIP PERFORMANCE
           Construction                    9.88%
                    Gas                8.90%                         SIP Investments                                                        1 Year          3 Years          5 Years         7 Years          10 Years Since Inception
    Petroleum Products               7.25%                           Total Amount Invested (₹)                                            1,20,000          3,60,000         6,00,000        8,40,000        12,00,000           15,30,000

     Telecom - Services            5.67%                             Market Value as on December 31, 2020 (₹)                             1,44,623          4,03,811         7,04,118        10,42,407 17,32,529                 23,55,603
     Industrial Products           5.43%                             Returns (CAGR) (%)                                                     40.11             7.59             6.33             6.07            7.13                 6.51
         Transportation        5.21%                                 Benchmark Returns (CAGR) (%) #                                         45.99            12.06              8.96            7.03            6.46                 4.86
                Finance       4.12%                                  Additional Benchmark Returns (CAGR) (%) ##                             60.66            17.61             14.89           13.10            12.91               12.53
   Non - Ferrous Metals       3.97%                                  Above returns are as on 31 December, 2020. Past performance may or may not be sustained in the future. # Nifty Infrastructure TRI, ## Nifty 50 TRI. Assuming ₹ 10,000/-
                                                                                                st

                                                                     invested systematically on the first Business Day of every month over a period of time.CAGR returns are computed after accounting for the cash by using XIRR method
   Construction Project       3.91%
                                                                     (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is
Industrial Capital Goods   1.49%                                     for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or
                                                                     forecasting any returns. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. The performance of the
                                                                     scheme is benchmarked to the Total Return variant of the index.

                                                                                                              10                                                                                       Factsheet January, 2021
SCHEME FEATURES                                                  INVESTMENT OBJECTIVE
                                                            The main investment objective of the fund is to generate returns commensurate with the performance of the
Scheme Type: An open ended scheme
replicating/tracking S&P BSE Sensex Index                   index S&P BSE Sensex based on the plans by investing in the respective index stocks subject to tracking
                                                            errors. However, there is no assurance that the investment objective of the Schemes will be realized.
Date of Allotment: December 05, 2002

Fund Size:                                                          PORTFOLIO AS ON 31.12.2020
AUM as on 31/12/2020: ₹ 29.98 Cr
Average AUM for December 2020: ₹ 29.43 Cr
                                                           Company                                                          % of NAV                   Company                                                         % of NAV
                                                              Equity Holdings                                                                            HDFC Ltd.                                                              8.87%
Load Structure:                                               Auto                                                                   4.07%               Bajaj Finance Ltd.                                                     2.68%
Entry Load: Nil
                                                              Maruti Suzuki India Ltd.                                               1.92%               Bajaj Finserv Ltd.                                                     1.00%
Exit Load:
• 0.25% if redeemed or switch out on or before                Mahindra & Mahindra Ltd.                                               1.30%               Oil                                                                    0.62%
completion of 7 Days from the date of allotment               Bajaj Auto Ltd.                                                        0.85%
of units                                                                                                                                                 Oil & Natural Gas Co Ltd.                                              0.62%
• Nil after 7 days                                            Banks                                                                29.24%                Petroleum Products                                                   12.30%
                                                              HDFC Bank Ltd.                                                       11.25%                Reliance Industries Ltd.                                             12.30%
Benchmark: S&P BSE Sensex TRI                                 ICICI Bank Ltd.                                                        6.89%
                                                                                                                                                         Pharmaceuticals                                                        2.42%
                                                              Kotak Mahindra Bank Ltd.                                               5.02%
Minimum Investment (lumpsum): ₹ 5,000/-                                                                                                                  Sun Pharmaceutical Industries Ltd.                                     1.22%
                                                              Axis Bank Ltd.                                                         3.12%
                                                                                                                                                         Dr. Reddy's Laboratories Ltd.                                          1.20%
Fund Manager:
                                                              State Bank of India                                                    2.01%
Name: Ms. Ritu Modi                                                                                                                                      Power                                                                  1.81%
Experience: 9+ years                                          IndusInd Bank Ltd.                                                     0.95%
                                                                                                                                                         Power Grid Co of India Ltd.                                            0.91%
                                                              Cement                                                                 1.15%
NAV as on December 31, 2020:                                                                                                                             NTPC Ltd.                                                              0.90%
                                                              Ultratech Cement Ltd.                                                  1.15%
NAV           Regular Plan                Direct Plan                                                                                                    Software                                                             17.76%
Growth        ₹ 88.7834                   ₹ 92.3827           Construction Project                                                   3.01%
Dividend      ₹ 30.4317                   ₹ 30.9769                                                                                                      Infosys Ltd.                                                           8.88%
                                                              Larsen & Toubro Ltd.                                                   3.01%
                                                                                                                                                         Tata Consultancy Services Ltd.                                         5.78%
                                                              Consumer Durables                                                      1.23%
Expense Ratio:                                                                                                                                           HCL Technologies Ltd.                                                  1.96%
                                                              Titan Company Ltd.                                                     1.23%
Regular: 1.08%                Direct: 0.58%
(for detailed bifurcation on TER, please see page no 32)      Consumer Non Durables                                                11.18%                Tech Mahindra Ltd.                                                     1.14%

                                                              Hindustan Unilever Ltd.                                                4.07%               Telecom - Services                                                     2.33%
Annual Portfolio Turnover Ratio:                                                                                                                         Bharti Airtel Ltd.                                                     2.33%
                                                              ITC Ltd.                                                               3.48%
0.29 times
                                                              Asian Paints Ltd.                                                      2.37%               Equity Holdings Total                                                99.69%
Risk Measures:                                                Nestle India Ltd.                                                      1.26%               Cash & Other Receivables Total                                         0.31%
Tracking Error         0.43%
                                                              Finance                                                              12.55%                Grand Total                                                        100.00%
                                                              Top 10 holdings

     SECTOR ALLOCATION (% of NAV)                                    SCHEME PERFORMANCE
                                                                                                                                                                   Value of lumpsum investment of ₹ 10,000/-
                                                                                                                 CAGR (%)
                                                            Period                                                                                                            invested on inception date
                                                 29.24%
                  Banks                                                                    Scheme         S&P BSE Sensex TRI*             Nifty 50 TRI**          Scheme              S&P BSE Sensex TRI* Nifty 50 TRI**

                Software                       17.76%      1 Year                          15.89                    17.11                      16.09                11,593                      11,716                     11,614
                 Finance               12.55%              3 Years                         11.93                    13.22                     11.28                 14,036                      14,530                     13,790
      Petroleum Products               12.30%              5 Years                         12.67                    14.25                      13.39                18,166                      19,479                     18,754
 Consumer Non Durables                11.18%               Since Inception                 13.44                    17.80                      17.01                 97,869                    1,93,386                   1,71,233
                    Auto      4.07%                                                   st
                                                           Above returns are as on 31 December, 2020. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
                                                           option. Ms. Ritu Modi is managing the above scheme from 1st November, 2019 and total no. of schemes managed by her is 7. Past performance may or may not be sustained in
     Construction Project    3.01%                         the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, **
                                                           Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 33.
         Pharmaceuticals     2.42%

       Telecom - Services    2.33%
                                                                     SIP PERFORMANCE
                  Power     1.81%
                                                            SIP Investments                                                        1 Year          3 Years         5 Years          7 Years         10 Years Since Inception
      Consumer Durables     1.23%
                                                            Total Amount Invested (₹)                                            1,20,000        3,60,000         6,00,000         8,40,000        12,00,000           21,60,000
                 Cement     1.15%
                                                            Market Value as on December 31, 2020 (₹)                             1,55,910        4,68,778         8,71,620         13,12,995       22,40,991           67,41,360
                      Oil 0.62%
                                                            Returns (CAGR) (%)                                                     59.75            17.90            14.91           12.53           12.00               11.48

                                                            Benchmark Returns (CAGR) (%) #                                         61.90            19.07            16.27           14.01            13.58               14.41

                                                            Additional Benchmark Returns (CAGR) (%) ##                             60.66            17.61            14.89            13.10           12.91               13.81
                                                           Above returns are as on 31 December, 2020. Past performance may or may not be sustained in the future. # S&P BSE SENSEX TRI, ## NIFTY 50 TRI. Assuming ₹ 10,000/-
                                                                                      st

                                                           invested systematically on the first Business Day of every month over a period of time.CAGR returns are computed after accounting for the cash by using XIRR method
                                                           (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is
                                                           for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or
                                                           forecasting any returns. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. The performance of the
                                                           scheme is benchmarked to the Total Return variant of the index.

                                                                                                   11                                                                                        Factsheet January, 2021
SCHEME FEATURES                                                       INVESTMENT OBJECTIVE
Scheme Type: An open ended scheme                               The main investment objective of the fund is to generate returns commensurate with the performance of the
replicating/tracking Nifty 50 Index                             index Nifty based on the plans by investing in the respective index stocks subject to tracking errors. However,
                                                                there is no assurance that the investment objective of the Schemes will be realized.
Date of Allotment: December 05, 2002

Fund Size:                                                                PORTFOLIO AS ON 31.12.2020
AUM as on 31/12/2020: ₹ 30.88 Cr                                Company                                                            % of NAV                  Company                                                         % of NAV
Average AUM for December 2020: ₹ 29.91 Cr                         Equity Holdings                                                                             HDFC Life Insurance Company Ltd.                                        0.86%
                                                                  Auto                                                                      5.32%             SBI Life Insurance Company Ltd.                                         0.57%
Load Structure:                                                   Maruti Suzuki India Ltd.                                                  1.71%             Gas                                                                     0.38%
Entry Load: Nil                                                   Mahindra & Mahindra Ltd.                                                  1.12%             GAIL (India) Ltd.                                                       0.38%
Exit Load:                                                        Bajaj Auto Ltd.                                                           0.73%             Minerals/Mining                                                         0.44%
• 0.25% if redeemed or switch out on or before                    Hero MotoCorp Ltd.                                                        0.67%             Coal India Ltd.                                                         0.44%
completion of 7 Days from the date of allotment                   Eicher Motors Ltd.                                                        0.56%             Non - Ferrous Metals                                                    0.56%
of units                                                          Tata Motors Ltd.                                                          0.52%             Hindalco Industries Ltd.                                                0.56%
• Nil after 7 days                                                Banks                                                                    26.46%             Oil                                                                     0.53%
                                                                  HDFC Bank Ltd.                                                           10.38%             Oil & Natural Gas Co Ltd.                                               0.53%
                                                                  ICICI Bank Ltd.                                                           6.14%             Pesticides                                                              0.42%
Benchmark: Nifty 50 TRI                                           Kotak Mahindra Bank Ltd.                                                  4.84%             UPL Ltd.                                                                0.42%
                                                                  Axis Bank Ltd.                                                            2.55%             Petroleum Products                                                     11.50%
Minimum Investment (lumpsum): ₹ 5,000/-                           State Bank of India                                                       1.74%             Reliance Industries Ltd.                                               10.67%
                                                                  IndusInd Bank Ltd.                                                        0.81%             Bharat Petroleum Co Ltd.                                                0.48%
Fund Manager:                                                     Yes Bank Ltd.                                                             0.00%             Indian Oil Co Ltd.                                                      0.35%
Name: Ms. Ritu Modi                                               Cement                                                                    2.14%             Pharmaceuticals                                                         3.67%
Experience: 9+ years                                              Ultratech Cement Ltd.                                                     1.04%             Dr. Reddy's Laboratories Ltd.                                           1.08%
                                                                  Grasim Industries Ltd.                                                    0.59%             Sun Pharmaceutical Industries Ltd.                                      1.04%
                                                                  Shree Cement Ltd.                                                         0.51%             Divi's Laboratories Ltd.                                                0.85%
NAV as on December 31, 2020:                                      Construction Project                                                      2.59%             Cipla Ltd.                                                              0.69%
NAV           Regular Plan                     Direct Plan        Larsen & Toubro Ltd.                                                      2.59%             Power                                                                   1.56%
Growth        ₹ 77.0819                        ₹ 80.2254          Consumer Durables                                                         1.09%             Power Grid Co of India Ltd.                                             0.79%
Dividend      ₹ 28.4351                        ₹ 29.5657          Titan Company Ltd.                                                        1.09%             NTPC Ltd.                                                               0.77%
                                                                  Consumer Non Durables                                                    10.47%             Software                                                               16.27%
                                                                  Hindustan Unilever Ltd.                                                   3.57%             Infosys Ltd.                                                            7.65%
Expense Ratio:
                                                                  ITC Ltd.                                                                  3.02%             Tata Consultancy Services Ltd.                                          5.01%
Regular: 1.03%                  Direct: 0.48%
                                                                  Asian Paints Ltd.                                                         2.07%             HCL Technologies Ltd.                                                   1.70%
(for detailed bifurcation on TER, please see page no 32)
                                                                  Nestle India Ltd.                                                         1.11%             Tech Mahindra Ltd.                                                      0.97%
                                                                  Britannia Industries Ltd.                                                 0.70%             Wipro Ltd.                                                              0.93%
Annual Portfolio Turnover Ratio:                                  Ferrous Metals                                                            1.38%             Telecom - Services                                                      2.04%
0.30 times                                                        Tata Steel Ltd.                                                           0.77%             Bharti Airtel Ltd.                                                      2.04%
                                                                  JSW Steel Ltd.                                                            0.61%             Transportation                                                          0.56%
Risk Measures:                                                    Finance                                                                  12.24%             Adani Ports & Special Economic Zone Ltd.                                0.56%
Tracking Error             0.39%                                  HDFC Ltd.                                                                 7.63%             Equity Holdings Total                                                  99.62%
                                                                  Bajaj Finance Ltd.                                                        2.32%             Cash & Other Receivables Total                                          0.38%
                                                                  Bajaj Finserv Ltd.                                                        0.87%             Grand Total                                                           100.00%
                                                                   Top 10 holdings

     SECTOR ALLOCATION (% of NAV)                                         SCHEME PERFORMANCE
                                                                                                                                                                       Value of lumpsum investment of ₹ 10,000/-
                                                                                                                       CAGR (%)
                                                                Period                                                                                                         invested on inception date
                                                       26.46%                                Scheme         NIFTY 50 TRI* S&P BSE Sensex TRI**                       Scheme              NIFTY 50 TRI*          S&P BSE Sensex TRI**
                  Banks
               Software                              16.27%     1 Year                           14.65            16.09                    17.11                      11,469                  11,614                     11,716

                Finance                       12.24%            3 Years                          9.80             11.28                    13.22                      13,248                  13,790                     14,530

     Petroleum Products                      11.50%             5 Years                          11.82           13.39                     14.25                      17,490                  18,754                     19,479

Consumer Non Durables                       10.47%              Since Inception                  12.56            17.01                    17.80                      84,933                1,71,233                    1,93,386
                   Auto             5.32%                       Above returns are as on 31st December, 2020. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
                                                                option. Ms. Ritu Modi is managing the above scheme from 1st November, 2019 and total no. of schemes managed by her is 7. Past performance may or may not be sustained in
        Pharmaceuticals        3.67%                            the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. *Benchmark,
                                                                **Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 33.
    Construction Project      2.59%
                Cement       2.14%
      Telecom - Services     2.04%                                       SIP PERFORMANCE
                 Power       1.56%                               SIP Investments                                                        1 Year          3 Years          5 Years          7 Years        10 Years Since Inception
         Ferrous Metals      1.38%                              Total Amount Invested (₹)                                              1,20,000         3,60,000        6,00,000         8,40,000        12,00,000          21,60,000
     Consumer Durables      1.09%                               Market Value as on December 31, 2020 (₹)                              1,55,253          4,58,736        8,40,932        12,72,366 21,75,875                 63,10,528
    Non - Ferrous Metals    0.56%                                                                                                       58.59             16.37            13.46            11.65
                                                                Returns (CAGR) (%)                                                                                                                         11.45              10.86
          Transportation    0.56%
                                                                Benchmark Returns (CAGR) (%) #                                          60.66             17.61            14.89            13.10          12.91              13.81
                     Oil 0.53%
                                                                Additional Benchmark Returns (CAGR) (%) ##                              61.90             19.07            16.27           14.01           13.58              14.41
        Minerals/Mining 0.44%
                                                                 Above returns are as on 31 December, 2020. Past performance may or may not be sustained in the future. # NIFTY 50 TRI, ## S&P BSE SENSEX TRI. Assuming ₹ 10,000/-
                                                                                            st

              Pesticides 0.42%                                   invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash by using XIRR method

                    Gas 0.38%                                    (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is
                                                                 for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or
                                                                 forecasting any returns. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. The performance of the
                                                                 scheme is benchmarked to the Total Return variant of the index.

                                                                                                         12                                                                                       Factsheet January, 2021
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