may, 2019 - fundsupermart · 2019-07-08 · 3 from cio’s desk source : reuters,bloomberg, rbi...

May, 2019

Notes

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3

From CIO’s Desk

Source : Reuters,Bloomberg, RBI & Internal. Date : 6/06/2019. For statutory details please refer to page no. 17 &18

Mr. Saravana Kumar

Market Review for the month of May 2019

Domestic Markets

The month of May saw Sensex & Nifty 50 having a decent performance, up 1.75% & 1.49% respectively. In line with the broad indices performance, S&P BSE Midcap index was up by 1.39% while S&P BSE Small Cap index was also up by 1.66%. Among the BSE sectorial indices, Healthcare and Metal saw a severe decline.

The system liquidity improved in the month of May. The average liquidity deficit for the month of May was about INR 360 bn as against INR 720 bn in the month of April. The RBI will be conducting OMO purchases of INR 150 bn on 13th June to infuse durable liquidity into the banking system. As a result of easing in system liquidity along with sharp fall in oil prices and UST yields, rates across the curve moved down. 1 year CD rate

closed the month at 7.18% as compared to 7.73% in the previous month. The 10 year G-Sec benchmark closed the month at 7.03% as compared to 7.41%. 10 year AAA PSU closed at 8.02% as compared to 8.35%. INR depreciated against USD during the month and it touched a high of 70.54 and later closed the month at 69.70 as compared to 69.55. The Brent crude oil prices dropped sharply by 11% during the month. It closed at $64.49 per barrel as compared to $72.80 per barrel.

Domestic macro data

India’s Consumer Price index (CPI) for April 2019 came in at 2.92% compared to 2.86% a month prior. Core CPI decelerated to 4.54% in April from 4.99% a month ago. Wholesale Price inflation (WPI) stood at 3.07% for Apr-19 compared to 3.18% in Mar-19. Index of Industrial production (IIP) fell to 21-month lows of -0.1% in Mar-19. Cumulatively, IIP for FY19 stood at 3.6%, lower than 4.4% in FY18. India’s Real GDP for Q4 FY19 came in below market expectation at 5.8%, lower than 6.6% growth seen in the previous quarter. Correspondingly, Nominal GDP fell to 9.4% in Q4 FY19 on back of weak investment activity as represented by the Gross Fixed Capital Formation. India’s Real GVA growth for Q4FY19 stood at 5.7% compared to 6.3% in the previous quarter. With this, full year FY19 Real GDP stood at 6.8%, while Real GVA stood at 6.6%. Core sector growth for Apr-19 stood at 2.6%, lower than 4.9% observed in Mar-19. As budgeted, the Centre adhered to the fiscal deficit target of 3.4% of GDP for FY19, coming in at INR 6.45 Lakhs Cr. Both receipts and expenditure stood lower than the revised estimates at INR 16.66 Lakhs Cr. And INR 23.11 Lakhs Cr. India’s trade deficit widened to USD 15.3 Bn in Apr-19 compared to USD 10.89 Bn in Mar-19 and USD 13.71 Bn a year ago. Imports rose by 4.5% to USD 41.40 Bn and exports grew by 0.6% to USD 26.07 Bn in April.

Outlook

The election outcome wherein BJP garnered sufficient majority to form government on its own was a major positive for the markets. The emergence of decisive mandate brings stability, continuity in government policies and hope of foreign inflows. The rate curve has eased considerably on the back of easing system liquidity, positive election outcome, fall in oil prices & UST yields. The inflation trajectory remaining in comfort zone coupled with core inflation falling as growth concerns emerges globally, the Monetary Policy Committee on 6th June will likely address growth issues as well as the issue of transmission of rate cuts in the economy. The MPC shall remain vigilant towards the prospects of the upcoming monsoon and reversal in food inflation.

From the equity market perspective, outcome of general elections was the biggest event. A clear majority with reform agenda augurs well for the country and for the markets. Corporate India finished reporting Q4FY19 results and the performance was less than satisfactory. While FMCG, Auto, pharma companies continued to deliver below average growth, private sector banks on the other hand continued to offer growth. Over next few months, progress of monsoon and the 100 day reform agenda of the new government are expected to continue dominate the news. Liquidity crisis is now almost 9 months old, and the impact is now becoming visible with multi quarter low GDP growth and multi decade high unemployment rate.

4

How to read the FactsheetFund Manager:

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount for Fresh Subscription:

This is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional Amount:

This is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield to Maturity:

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.

SIP:

SIP or systematic investment plan works on the principle of making periodic investment of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs. 500 every 15th of the month in an equity fund for a period of three years.

NAV:

The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Benchmark:

A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10- year Gsec.

Entry Load:

A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent.

Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs. 101.

Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.

Exit Load:

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs. 100 and the exit load is 1%, the redemption price would be Rs. 99 per unit.

Modified Duration:

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield.

Standard Deviation:Standard Deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio:The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

Beta:Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

AUM:AUM or assets under management refers to the recent/ updated cumulative market value of investments managed by a mutual fund or any investment firm.

Holdings:The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/ securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of Scheme:The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating Profile:Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

Portfolio Turnover:Portfolio Turnover is a measure of how frequently assets within a fund are bought and sold by the managers.

R-Squared:R-Squared is a statistical measure that represents the percentage of a fund or security’s movements that can be explained by movements in a benchmark index.

Average Maturity:In a mutual fund containing debt securities, Average Maturity is the average amount of time until the debt securities mature.

Portfolio Yield:Portfolio Yield is computed by determining the cash flows for the portfolio and determining the interest rate that will make the present value of the cash flows equal to the market value of the portfolio.

Total Expense Ratio:Weighted Average i.e. Total Expense of the month / average Asset / number of days in month* days in a year.

Tax on Dividend Distribution Nature Individual/HUF Domestic Companies

Liquid Funds 29.12% 34.944% Debt Funds 29.12% 34.944% Equity Funds 11.648% 11.648%

5

Macaulay DurationThe Macaulay duration is the weighted average term to maturity of the cash flows from a bond. It is the measure of bonds sensitivity to interest rate changes. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Macaulay duration can be calculated:

n

t=1∑ t * C

(1+y)t

n * M

(1+y)n

Current Bond PriceMacaulay Duration =

+

Where:t = respective time periodC = periodic coupon paymenty = periodic yieldn = total number of periodsM = maturity valueCurrent Bond Price = Present value of cash flows

Example Calculation

The calculation of Macaulay duration is straightforward. Assume there is a bond priced at ` 1,000 that pays a 6% coupon and matures in six years available at a Yield to Maturity (YTM) of 6%. The bond pays the coupon once a year, and pays the principal on the final payment. Given this, the following cash flows are expected over the next six years.

Cash FlowYear 1 Year 2 Year 3 Year 4 Year 5 Year 6` 60 ` 60 ` 60 ` 60 ` 60 ` 1,060

With the periods and the cash flows known, a discount factor must be calculated for each period. This is calculated as 1 / (1 + r)^n, where r is the interest rate and n is the period number in question. Thus the discount factors would be,

Discount FactorYear 1 Year 2 Year 3 Year 4 Year 5 Year 60.9434 0.8900 0.8396 0.7921 0.7473 0.7050

Next, multiply the year’s cash flow by the year number and by its corresponding discount factor to find the present value of the cash flow.Period Present value formula Present ValueYear 1 1 * ` 60 * 0.9434 ` 56.60Year 2 2 * ` 60 * 0.8900 ` 106.80Year 3 3 * ` 60 * 0.8396 ` 151.13Year 4 4 * ` 60 * 0.7921 ` 190.10Year 5 5 * ` 60 * 0.7473 ` 224.18Year 6 6 * ` 1,060 * 0.7050 ` 4,483.55

Sum these values = ` 5,212.36 = numeratorCurrent Bond Price = sum of PV Cash Flows = 60/(1 + 6%)^1 + 60/(1 + 6%)^2 +...+ 1060/(1 + 6%)^6 = ` 1,000 = denominatorMacaulay duration = ` 5,212.36 / ` 1,000 = 5.21A coupon paying bond will always have its duration less than its time to maturity. In the example above, the duration of 5.21 years is less than the time to maturity of 6 years.

Sr No. Name of existing scheme(s) SEBI ClassificaitonA. Equity Schemes :

1 Essel Multi Cap Fund Multi Cap Fund2 Essel Large Cap Equity Fund Large Cap Fund3 Essel Large & Midcap Fund Large and Mid Cap Fund4 Essel Long Term Advantage Fund ELSS

B. Debt Schemes :5 Essel Liquid Fund Liquid Fund6 Essel Ultra Short Term Fund Ultra Short Duration Fund7 Essel Short Term Fund Short Duration Fund

C. Hybrid Schemes :8 Essel Regular Savings Fund Conservative Hybrid Fund9 Essel Equity Hybrid Fund Aggressive Hybrid Fund10 Essel 3 in 1 Fund Multi Asset Allocation11 Essel Arbitrage Fund Arbitrage Fund

6

Portfolio as on May 31, 2019Portfolio Holdings Sector % of Net

AssetsEQUITY & EQUITY RELATED 96.78%HDFC BANK LTD BANKS 9.44%KOTAK MAHINDRA BANK LTD BANKS 6.51%ICICI BANK LTD BANKS 5.71%INFOSYS LTD SOFTWARE 5.52%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 4.43%AXIS BANK LTD BANKS 4.23%ITC LTD CONSUMER NON DURABLES 2.92%HDFC LIFE INSURANCE COMPANY LTD FINANCE 2.71%BAJAJ FINSERV LTD FINANCE 2.59%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 2.21%THE FEDERAL BANK LTD BANKS 1.84%GAIL (INDIA) LTD GAS 1.84%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 1.79%HCL TECHNOLOGIES LTD SOFTWARE 1.64%SUNDARAM FASTENERS LTD AUTO ANCILLARIES 1.63%SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 1.53%BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 1.44%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 1.42%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 1.42%AMBER ENTERPRISES INDIA LTD CONSUMER DURABLES 1.41%JYOTHY LABORATORIES LTD CONSUMER NON DURABLES 1.36%MAHINDRA & MAHINDRA LTD AUTO 1.36%SIEMENS LTD INDUSTRIAL CAPITAL GOODS 1.33%PETRONET LNG LTD GAS 1.29%NESTLE INDIA LTD CONSUMER NON DURABLES 1.26%CYIENT LTD SOFTWARE 1.26%THERMAX LTD INDUSTRIAL CAPITAL GOODS 1.21%NIIT LTD SOFTWARE 1.17%ASTEC LIFESCIENCES LTD PESTICIDES 1.16%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 1.13%MARUTI SUZUKI INDIA LTD AUTO 1.13%CESC LTD POWER 1.11%SUNDARAM FINANCE LTD FINANCE 1.10%APEX FROZEN FOODS LTD CONSUMER NON DURABLES 1.09%BHARAT FORGE LTD INDUSTRIAL PRODUCTS 1.08%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 1.05%AUROBINDO PHARMA LTD PHARMACEUTICALS 1.01%SAREGAMA INDIA LTD MEDIA & ENTERTAINMENT 0.97%GARWARE TECHNICAL FIBRES LTD TEXTILE PRODUCTS 0.95%INDIAN HOTELS COMPANY LTD HOTELS 0.94%ORIENT PAPER AND INDS LTD PAPER 0.93%EQUITAS HOLDINGS LTD FINANCE 0.92%RATNAMANI METALS & TUBES LTD FERROUS METALS 0.91%CHOLAMANDALAM FINANCIAL HOLDINGS LTD FINANCE 0.90%SWARAJ ENGINES LTD INDUSTRIAL PRODUCTS 0.87%ECLERX SERVICES LTD SOFTWARE 0.84%H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.81%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 0.80%STATE BANK OF INDIA BANKS 0.79%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.79%TITAN COMPANY LTD CONSUMER DURABLES 0.74%MOTHERSON SUMI SYSTEMS LTD AUTO ANCILLARIES 0.74%SANGHVI MOVERS LTD INDUSTRIAL CAPITAL GOODS 0.71%ASAHI INDIA GLASS AUTO ANCILLARIES 0.50%SPENCER'S RETAIL LTD RETAIL 0.34%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

3.22%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of Rs1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.Allotment Date30th December, 2015

Fund Size` 57.98 Crs (Monthly AAUM for May, 2019)

Asset Allocation PatternEquity and Equity Related Instruments: 80% to 100%Debt and Money Market Instruments: 0% to 20%

Scheme FeaturesExit Load : NILMinimum Amount: ` 500/- and in multiples of ` 500/- thereafterBenchmark : S&P BSE 100 Index*

Fund ManagerMr. Viral Berawala (Total Experience 19 years) managed this fund from 1st - 16th May -2019Mr. Manav Vijay (Total experience 12 years) managing this fund w.e.f. 17th May -2019

Net Asset Value (NAV) as on May 31, 2019 (in Rs) (Last Business Day Of The Month)Plan / Option Regular Plan Direct Plan

GROWTH 14.7846 15.6455

DIVIDEND 14.7856 15.4923

Performance as on May 31, 2019 (Last Business Day Of The Month)

Period ESSEL LONg TERM ADVANTAgE FUND

S&P BSE 100* @

NIFTY 50* @@

1 year returns % 5.00% 10.42% 12.43%3 year CAGR % 12.23% 14.83% 14.99%Since Inception CAGR % 12.12% 13.99% 14.27%Current Value of investment if ` 10000/- was invested on Inception date (in `) 14784.60 15648.69 15780.38

Current Value of investment if ` 10000/- was invested prior 1 year (in `) 10499.68 11042.28 11242.83


* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other scheme managed by Mr. Manav Vijay please refer to page no. 8.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

SIP ReturnsSIP Tenure (in years) 1 3

Investment Amount 10000.00 10000.00

Start Date 01-Jun-2018 01-Jun-2016

End Date 31-May-2019 31-May-2019

Total no of Installments 12 36

Total Amount Invested (Rs) 1,20,000.00 3,60,000.00

Present value (Rs) 1,27,644.72 4,11,382.85

Total No Units 8,633.63 27,825.09

CAGR (%) 13.19 9.31

XIRR(%) 12.08 8.88

Yield (%) 6.37 14.27

SIP date every 1st business day of the monthPast performance may or may not be sustained in the future. Assuming ` 10,000 invested systematicallyon the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow 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 purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.

As on May 31, 2019

TER - Reg (%)# 2.55TER - Direct (%)# 0.65Portfolio Turnover Ratio (Times) 1.07

# - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.17

For statutory details please refer to page no. 17 &18

Asset Allocation

96.78%

3.22%

Equity

Cash & Cash Equivalent (includingTREPS/(TBILL held as Collateral)/ReverseRepo/Net Current Assets)

Market Capitalisation (%)

Small Cap Mid Cap Large Cap

19.95%

11.56%

65.24%

Industry Allocation - Equity (%)

28.52%

10.43% 10.28% 10.01%5.58% 5.24% 3.92% 3.25% 3.13% 2.54% 2.49% 2.15% 1.16% 1.13% 1.11% 0.97% 0.95% 0.94% 0.93% 0.91% 0.80% 0.34%

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ESSEL LONg TERM ADVANTAgE FUND

(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)

7

ESSEL MULTI CAP FUND

(An open ended equity scheme investing across large, mid & small cap stocks)


Portfolio as on May 31, 2019Portfolio Holdings Sector % of Net

Assets

EQUITY & EQUITY RELATED 93.80%

HDFC BANK LTD BANKS 9.59%

ICICI BANK LTD BANKS 7.39%

KOTAK MAHINDRA BANK LTD BANKS 6.50%

LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 4.54%

INFOSYS LTD SOFTWARE 4.46%

AXIS BANK LTD BANKS 4.20%

BAJAJ FINSERV LTD FINANCE 2.86%

HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 2.78%

ITC LTD CONSUMER NON DURABLES

2.67%

STATE BANK OF INDIA BANKS 2.59%

HCL TECHNOLOGIES LTD SOFTWARE 2.14%

RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 1.91%

MAHINDRA & MAHINDRA LTD AUTO 1.83%

SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 1.79%

HDFC Life Insurance Company LTD FINANCE 1.73%

GAIL (INDIA) LTD GAS 1.73%

CYIENT LTD SOFTWARE 1.71%

Karur Vysya Bank LTD, BANKS 1.60%

SBI LIFE INSURANCE COMPANY LTD FINANCE 1.51%

UJJIVAN FINANCIAL SERVICES LTD FINANCE 1.50%

GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES

1.29%

TATA GLOBAL BEVERAGES LTD (EX- TATA TEA LTD) CONSUMER NON DURABLES

1.25%

THERMAX LTD INDUSTRIAL CAPITAL GOODS

1.11%

GENERAL INSURANCE CORPORATION OF INDIA FINANCE 1.08%

CARE RATINGS LTD FINANCE 1.06%

GUJARAT FLUOROCHEMICALS LTD INDUSTRIAL CAPITAL GOODS

1.05%

HERO MOTOCORP LTD AUTO 1.05%

MARUTI SUZUKI INDIA LTD AUTO 1.05%

BAJAJ CONSUMER CARE LTD CONSUMER NON DURABLES

1.04%

THE FEDERAL BANK LTD BANKS 1.03%

MAHINDRA & MAHINDRA FIN SER LTD FINANCE 1.01%

JYOTHY LABORATORIES LTD CONSUMER NON DURABLES

0.99%

ACC LTD CEMENT 0.99%

INDIAN HOTELS COMPANY LTD HOTELS 0.96%

Laurus Labs Ltd PHARMACEUTICALS 0.93%

GE POWER INDIA LTD INDUSTRIAL CAPITAL GOODS

0.92%

CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.90%

RATNAMANI METALS & TUBES LTD FERROUS METALS 0.90%

BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES

0.89%

ASTRAL POLY TECHNIK LTD INDUSTRIAL PRODUCTS 0.87%

AUROBINDO PHARMA LTD PHARMACEUTICALS 0.86%

CESC LTD POWER 0.81%

SUN TV NETWORK LTD MEDIA & ENTERTAINMENT 0.72%

ADITYA BIRLA CAPITAL LTD FINANCE 0.69%

CADILA HEALTHCARE LTD PHARMACEUTICALS 0.69%

BALKRISHNA INDUSTRIES LTD AUTO ANCILLARIES 0.68%

ASHOK LEYLAND LTD AUTO 0.66%

LUPIN LTD PHARMACEUTICALS 0.65%

DIXON TECHNOLOGIES (INDIA) LTD CONSUMER DURABLES 0.59%

CENTRAL DEPOSITORY SERVICES (INDIA) LTD FINANCE 0.54%

SPENCER'S RETAIL LTD RETAIL 0.48%

ASIAN PAINTS LTD CONSUMER NON DURABLES

0.48%

AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 0.41%

H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.14%

Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

6.20%

Total 100.00%

Key Scheme InformationInvestment ObjectiveTo generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of large cap, mid cap and small cap companies as defined by SEBI from time to time. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns

Allotment Date9th July, 2018


Asset Allocation PatternEquity & Equity Related Instruments#: 65% To 100%

Debt & Money market Instruments: 0% To 35%

Investment in REITs and InvITs: 0% To 10%# including Derivative instruments

Scheme FeaturesExit Load : Upto 15% of units redeemed within365 days of allotment-NILMore than 15% of units redeemed within 365days of allotment-1%Units redeemed after 365 days from date ofallotment-NIL(w.e.f. July 10, 2018)Minimum Amount: ` 1,000/- and in multiples of` 1/- thereafterBenchmark : NIFTY 500 TRI Index.

Fund ManagerMr. Viral Berawala (Total Experience 19 years) managed this fund from 1st - 16th May -2019Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 17th May -2019Mr. Suraj Makhija (Total Experience 10 years) managing this fund w.e.f. 17th May -2019For performance of other scheme managed by Mr. Saravana Kumar please refer to page no. 10.For performance of other scheme managed by Mr. Suraj Makhija please refer to page no. 9, 11, 12.

As on May 31, 2019

TER - Reg (%)# 2.60TER - Direct (%)# 0.60


Performance - As the scheme has not completed one year, performance is not provided.


Growth 10.9143 11.1442

Normal Dividend 10.9154 11.0929

Monthly Dividend 10.9147 11.0928

Quarterly Dividend 10.9148 11.0962

Half Yearly Dividend 10.9155 11.0929

Annual Dividend 10.9150 11.0930

Asset Allocation

93.80%

6.20%

Equity



14.35%

9.81%

69.66%

Industry Allocation - Equity(%)

32.90%

14.76%

8.61% 8.31%4.92% 4.68% 4.59% 3.08% 2.18% 1.91% 1.73% 0.99% 0.96% 0.90% 0.81% 0.72% 0.68% 0.59% 0.48%

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8

Portfolio as on May 31, 2019

Portfolio Holdings Sector % of Net Assets

EQUITY & EQUITY RELATED 96.50%HDFC BANK LTD BANKS 6.41%ICICI BANK LTD BANKS 4.49%KOTAK MAHINDRA BANK LTD BANKS 4.29%INFOSYS LTD SOFTWARE 4.00%CITY UNION BANK LTD BANKS 3.52%THE FEDERAL BANK LTD BANKS 3.51%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 3.01%BHARAT FINANCIAL INCLUSION LTD FINANCE 2.95%HDFC LIFE INSURANCE COMPANY LTD FINANCE 2.91%SUNDARAM FASTENERS LTD AUTO ANCILLARIES 2.80%AXIS BANK LTD BANKS 2.68%ITC LTD CONSUMER NON DURABLES 2.67%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 2.59%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 2.59%MAX FINANCIAL SERVICES LTD FINANCE 2.53%SUNDARAM FINANCE LTD FINANCE 2.34%V-GUARD INDUSTRIES LTD INDUSTRIAL CAPITAL GOODS 2.12%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 2.03%GODREJ AGROVET LTD CONSUMER NON DURABLES 2.02%THE RAMCO CEMENTS LTD CEMENT 2.00%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 1.86%MAHINDRA & MAHINDRA LTD AUTO 1.82%HCL TECHNOLOGIES LTD SOFTWARE 1.81%PETRONET LNG LTD GAS 1.75%ASTRAL POLY TECHNIK LTD INDUSTRIAL PRODUCTS 1.71%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 1.66%NESTLE INDIA LTD CONSUMER NON DURABLES 1.62%SOLAR INDUSTRIES INDIA LTD CHEMICALS 1.53%EQUITAS HOLDINGS LTD FINANCE 1.47%BAJAJ CONSUMER CARE LTD CONSUMER NON DURABLES 1.46%THERMAX LTD INDUSTRIAL CAPITAL GOODS 1.44%JYOTHY LABORATORIES LTD CONSUMER NON DURABLES 1.40%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 1.38%GARWARE TECHNICAL FIBRES LTD TEXTILE PRODUCTS 1.35%GAIL (INDIA) LTD GAS 1.29%KARUR VYSYA BANK LTD BANKS 1.26%RATNAMANI METALS & TUBES LTD FERROUS METALS 1.22%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 1.20%BAJAJ FINSERV LTD FINANCE 1.17%APCOTEX INDUSTRIES LTD INDUSTRIAL PRODUCTS 1.06%APEX FROZEN FOODS LTD CONSUMER NON DURABLES 1.00%SAREGAMA INDIA LTD MEDIA & ENTERTAINMENT 0.98%SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 0.85%NESCO LTD COMMERCIAL SERVICES 0.83%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 0.65%MOTHERSON SUMI SYSTEMS LTD AUTO ANCILLARIES 0.57%ECLERX SERVICES LTD SOFTWARE 0.39%HAVELLS INDIA LTD CONSUMER DURABLES 0.31%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

3.50%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe investment objective of the scheme is to generate capital appreciation over medium to long-term by investing predominantly in equity and equity related securities of mid cap companies & large cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.(w.e.f. 1st-March'18)Allotment Date7th December, 2015


Asset Allocation PatternEquity and Equity Related Instruments of Large Cap Companies : 35% to 65%Equity and Equity Related Instruments of Midcap Companies : 35% to 65%Other Equity & Equity related instruments : 0% to 30%Debt & Money Market Instruments : 0% to 30%Investment in REITs and InvITs : 0% to 10%

Scheme FeaturesExit Load : Upto 15% of units redeemed within 365 days of allotment-NILMore than 15% of units redeemed within 365 days of allotment-1%Units redeemed after 365 days from date of allotment-NILMinimum Amount: ` 1,000/- and in multiples of ` 1/- thereafterBenchmark : S&P BSE 200 Index*

Fund ManagerMr. Manav Vijay : (Total experience 12 years) managing this fund w.e.f. 7th March' 2019.


GROWTH 15.8414 16.8302 NORMAL DIVIDEND 15.8376 16.6572 HALF YEARLY DIVIDEND - 16.5647 ANNUAL DIVIDEND 16.2888 16.5952


Period Essel Large & Midcap Fund

S&P BSE 200*@

NIFTY 50* @@

1 year returns % 5.71% 8.41% 12.43%3 year CAGR % 14.39% 14.59% 14.99%Since Inception CAGR % 14.12% 13.94% 14.55%Current Value of investment if ` 10000/- was invested on Inception date (in `) 15841.40 15751.30 16046.28



* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional BenchmarkFor performance of other scheme managed by Mr. Manav Vijay please refer to page no. 6.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan - Growth Option.

SIP ReturnsSIP Tenure (in years) 1 3Investment Amount 10,000.00 10,000.00Start Date 01-Jun-2018 01-Jun-2016End Date 31-May-2019 31-May-2019Total no of Installments 12 36Total Amount Invested (Rs) 1,20,000.00 3,60,000.00Present value (Rs) 1,30,389.45 4,16,638.61Total No Units 8,230.93 26,300.62CAGR (%) 18.12 10.24XIRR(%) 16.52 9.74Yield (%) 8.66 15.73

SIP date every 1st business day of the monthPast performance may or may not be sustained in the future. Assuming ` 10,000 invested systematicallyon the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow 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 purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.

As on May 31, 2019TER - Reg (%)! 2.60TER - Direct (%)! 0.68Portfolio Turnover Ratio (Times) 1.17

! - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.17

Asset Allocation

96.50%

3.50%

Equity


Market Capitalisation (%)


19.15%

32.46%

44.94%


26.16%

19.20%

11.55%7.81% 6.20% 4.57% 3.56% 3.04% 2.00% 1.86% 1.82% 1.66% 1.53% 1.35% 1.22% 0.98% 0.85% 0.83% 0.31%

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ESSEL LARgE & MIDCAP FUND

(Large & Midcap Fund - An open ended equity scheme investing in both large cap and mid cap stocks)


9


Portfolio Holdings Sector % of Net Assets

EQUITY & EQUITY RELATED 97.25%HDFC BANK LTD BANKS 10.02%ICICI BANK LTD BANKS 8.32%INFOSYS LTD SOFTWARE 6.66%KOTAK MAHINDRA BANK LTD BANKS 6.21%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 5.49%AXIS BANK LTD BANKS 5.08%ITC LTD CONSUMER NON DURABLES 4.55%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 3.98%STATE BANK OF INDIA BANKS 3.93%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 3.60%BAJAJ FINSERV LTD FINANCE 3.54%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 2.77%HDFC Life Insurance Company LTD FINANCE 2.60%MAHINDRA & MAHINDRA LTD AUTO 2.59%HCL TECHNOLOGIES LTD SOFTWARE 1.89%GAIL (INDIA) LTD GAS 1.62%TATA MOTORS LTD AUTO 1.40%MOTHERSON SUMI SYSTEMS LTD AUTO ANCILLARIES 1.36%MARUTI SUZUKI INDIA LTD AUTO 1.35%THERMAX LTD INDUSTRIAL CAPITAL GOODS 1.34%BHARAT FORGE LTD INDUSTRIAL PRODUCTS 1.28%SUNDARAM FINANCE LTD FINANCE 1.27%ASIAN PAINTS LTD CONSUMER NON DURABLES 1.10%BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 1.10%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 1.06%SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 1.06%BIRLA CORPORATION LTD CEMENT 1.05%HERO MOTOCORP LTD AUTO 1.05%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 1.04%Laurus Labs Ltd PHARMACEUTICALS 0.98%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 0.94%NESTLE INDIA LTD CONSUMER NON DURABLES 0.90%CIPLA PHARMACEUTICALS 0.88%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.85%ACC LTD CEMENT 0.85%INDIAN OIL CORPORATION LTD PETROLEUM PRODUCTS 0.84%ECLERX SERVICES LTD SOFTWARE 0.81%H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.76%VOLTAS LTD CONSTRUCTION PROJECT 0.64%TITAN COMPANY LTD CONSUMER DURABLES 0.49%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

2.75%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe primary investment objective of the scheme is to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of Equity & equity related securities diversified over various sectors of large cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. (w.e.f. 1st-March'18).Allotment Date28th September, 2011


Asset Allocation PatternEquity & equity related instruments of Large Cap companies : 80% to 100%Other Equity & Equity related instruments : 0% to 20%Debt & Money Market Instruments : 0% to 20%Investment in REITs and InviTs : 0% to 10%

Scheme FeaturesExit Load : Upto 15% of units redeemed within 365 days of allotment-NILMore than 15% of units redeemed within 365 days of allotment-1%Units redeemed after 365 days from date of allotment-NILMinimum Amount: ` 1,000/- and in multiples of `1/- thereafter Benchmark : Nifty 50 Index *

Fund Manager Mr. Suraj Makhija (Total Experience 10 years) managing this fund w.e.f: 4th - Dec' 2018

Dividend History

Scheme / Plan Record DateNet Dividend (` Per Unit) Cum

Dividend Nav (In `)

Individual/Huf Corporate

Normal Plan 20-Dec-17 3.5000 3.5000 17.9685Direct Normal Plan 20-Dec-17 4.0000 4.0000 19.0847Normal Plan 16-Nov-15 2.5000 2.5000 15.1693Direct Normal Plan 16-Nov-15 2.5000 2.5000 15.6576Dividend History (Quarterly)Regular Plan - Quarterly 22-Mar-18 0.3000 0.3000 15.2320Direct Plan - Quarterly 22-Mar-18 0.4000 0.4000 15.0944Regular Plan - Quarterly 02-Nov-17 0.3000 0.3000 16.4804Direct Plan - Quarterly 02-Nov-17 0.4000 0.4000 16.3820Regular Plan - Quarterly 02-May-17 0.3000 0.3000 15.5222Direct Plan - Quarterly 02-May-17 0.4000 0.4000 15.4569


Asset Allocation Market Capitalisation (%)

97.25%

2.75%

Equity

Cash & Cash Equivalent (includingTREPS/ (TBILL held as Collateral)/ Reverse Repo/Net Current Assets)


4.45%

6.20%

86.59%


33.56%

12.99%10.42% 9.36%

6.89% 6.39% 4.82% 2.92% 2.34% 1.90% 1.62% 1.36% 1.34% 0.85% 0.49%

Banks

Financ

e

Consum

er Non

Durab

les

Softwa

re

Constru

ction P

roject Auto

Petrole

um Pr

oducts

Pharm

aceutic

als

Indust

rial Pr

oducts

Cement Gas

Auto A

ncillar

ies

Indust

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pital Go

ods

Healthc

are Se

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Consum

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bles


Growth 23.7250 25.7908

Normal Dividend 14.9448 15.8997

Quarterly Dividend 16.5736 16.6046

Half Yearly Dividend 15.2673 17.5567

Yearly Dividend 16.3134 18.0595

ESSEL LARgE CAP EQUITY FUND

(Large Cap Fund - An open ended equity scheme predominantly investing in large cap stocks)


Period Essel Large Cap Equity Fund Nifty 50*@@ Nifty 50*@@@

1 year returns % 5.91% 12.43% 12.43%3 year CAGR % 11.78% 14.99% 14.99%5 year CAGR % 11.97% 11.92% 11.92%Since Inception CAGR % 11.91% 13.51% 13.51%Current Value of investment if ` 10000/- was invested on Inception date (in `)

23725.00 26454.93 26454.93

Current Value of investment if ` 10000/- was invested prior 1 year (in `)

10591.47 11242.83 11242.83


13965.08 15202.93 15202.93


17608.38 17571.30 17571.30

* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @@ - Benchmark @@@ - Additional BenchmarkFor performance of other schemes managed by Mr. Suraj Makhija please refer to page nos. 11,12.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

SIP ReturnsSIP Tenure 3 5Investment Amount 10000.00 10000.00Start Date 01-Jun-2016 02-Jun-2014End Date 31-May-2019 31-May-2019Total No. Of Instalments 36 60Total Amount Invested 3,60,000.00 6,00,000.00Present Value 4,10,139.62 7,69,038.19Total No. Of Units 17,287.23 32,414.68CAGR 9.09 10.44XIRR 8.67 9.87Yield 13.93 28.17

SIP date every 1st business day of the monthPast performance may or may not be sustained in the future. Assuming Rs10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow 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 purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.

Risk Measures May, 2019Standard Deviation^(%) 3.65Benchmark Standard Deviation^ (%) 0.91Sharpe Ratio~ 0.14Tracking Error 0.27Beta 0.94TER - Reg (%)# 2.60TER - Direct (%)# 0.70Portfolio Turnover Ratio (Times) 0.99

# - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.17^Statistical returns based on monthly returns over the past 3 year data as on May 31, 2019.~ 1 day MIBOR has been assumed as the risk-free rate of return.

10

ESSEL EQUITY HYBRID FUND

(An Open Ended Hybrid Scheme investing predominantly in equity & equity related instruments)



Portfolio Holdings Sector / Rating % of Net Assets

EQUITY & EQUITY RELATED 65.98%HDFC BANK LTD BANKS 7.12%KOTAK MAHINDRA BANK LTD BANKS 5.40%ICICI BANK LTD BANKS 5.18%INFOSYS LTD SOFTWARE 4.01%AXIS BANK LTD BANKS 3.46%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 3.43%ITC LTD CONSUMER NON DURABLES 2.98%BAJAJ FINSERV LTD FINANCE 2.50%CITY UNION BANK LTD BANKS 2.28%HCL TECHNOLOGIES LTD SOFTWARE 2.00%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 1.87%HDFC Life Insurance Company LTD FINANCE 1.75%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 1.55%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 1.33%MARUTI SUZUKI INDIA LTD AUTO 1.26%INDRAPRASTHA GAS LTD GAS 1.26%MARICO LTD CONSUMER NON DURABLES 1.14%PETRONET LNG LTD GAS 1.06%TATA MOTORS LTD AUTO 0.93%BHARAT FORGE LTD INDUSTRIAL PRODUCTS 0.93%ECLERX SERVICES LTD SOFTWARE 0.90%UJJIVAN FINANCIAL SERVICES LTD FINANCE 0.86%STATE BANK OF INDIA BANKS 0.83%BIRLA CORPORATION LTD CEMENT 0.80%MAHINDRA & MAHINDRA LTD AUTO 0.79%HERO MOTOCORP LTD AUTO 0.74%CASTROL INDIA LTD PETROLEUM PRODUCTS 0.72%AUROBINDO PHARMA LTD PHARMACEUTICALS 0.72%GUJARAT FLUOROCHEMICALS LTD INDUSTRIAL CAPITAL GOODS 0.72%BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 0.63%THERMAX LTD INDUSTRIAL CAPITAL GOODS 0.62%CHOLAMANDALAM FINANCIAL HOLDINGS LTD FINANCE 0.61%SUN TV NETWORK LTD MEDIA & ENTERTAINMENT 0.57%TATA CONSULTANCY SERVICES LTD SOFTWARE 0.52%MOTHERSON SUMI SYSTEMS LTD AUTO ANCILLARIES 0.51%INDIAN HOTELS COMPANY LTD HOTELS 0.48%CYIENT LTD SOFTWARE 0.48%PRISM JOHNSON LTD CEMENT 0.47%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 0.46%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.42%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 0.42%CADILA HEALTHCARE LTD PHARMACEUTICALS 0.38%WELSPUN INDIA LTD TEXTILE PRODUCTS 0.35%ASHOK LEYLAND LTD AUTO 0.27%SPENCER'S RETAIL LTD RETAIL 0.27%CERTIFICATES OF DEPOSIT 3.65%AU SMALL FINANCE BANK LTD CRISIL A1+ 2.97%IDFC FIRST BANK LTD ICRA A1+ 0.68%COMMERCIAL PAPERS 17.57%SBI CARDS AND PAYMENT LTD CRISIL A1+ 10.14%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL A1+ 7.43%INVIT 3.21%INDIA GRID TRUST Power Utilities 3.21%NON-CONVERTIBLE DEBENTURE / ZCB 1.36%POWER GRID CORPORATION OF INDIA LTD CRISIL AAA 0.51%L & T INFRASTRUCTURE FINANCE LTD CARE AAA 0.34%POWER FINANCE CORPORATION LTD CARE AAA 0.34%TATA CAPITAL HOUSING FINANCE LTD CRISIL AAA 0.17%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

8.23%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe investment objective of the scheme is to provide periodic returns and capital appreciation over a long period of time, investing predominantly in equity and equity related instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Allotment Date30th April 2018


Asset Allocation PatternEquity and Equity Related Instruments: 65% To 80%Debt & Money Market Instruments: 20% To 35%Investment in REITs & InvITs: 0% To 10%

Scheme FeaturesExit Load : Upto 15% of units redeemed within365 days of allotment-NILMore than 15% of units redeemed within 365days of allotment-1%Units redeemed after 365 days from date ofallotment-NILMinimum Amount: ` 1,000/- and in multiples of` 1/- thereafterBenchmark : CRISIL Hybrid 35+65 - Aggressive Index^


Growth 10.7011 10.8947 Normal Dividend 10.7010 10.8858 Monthly Dividend 10.7010 10.8864 Quarterly Dividend 10.7010 10.8865 Half Yearly Dividend 10.7013 10.8862 Annual Dividend 10.7010 10.8874

Performance as on May 31, 2019

Period Essel Equity Hybrid Fund

CRISIL Hybrid 35+65 - Aggressive

IndexNIFTY 50

1 year CAGR % 7.50% 9.42% 12.43%Since Inception CAGR % 6.48% 8.15% 11.85%Current Value of investment if Rs 10000/- was invested on Inception date (in RS.)

10701.10 10882.26 11284.90

Current Value of investment if Rs 10000/- was invested prior 1 year (in RS.)

10750.12 10941.75 11242.83

* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @@ - Benchmark @@@ - Additional BenchmarkExpense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.The scheme has completed 1 year, hence 3 years & 5 years returns are not provided.

Fund ManagerDebt Portion: Mr. Archit Shah (Total Experience 9 years) managing this fund w.e.f: 6th March - 2019Equity Portion: Mr. Viral Berawala (Total Experience 19 years) managed this fund from 1st - 16th May -2019Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 17th May -2019Mr. Manav Vijay (Total experience 12 years) managing this fund w.e.f. 17th May -2019For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 11,12,13,14,15,16.For performance of other scheme managed by Mr. Saravana Kumar please refer to page no. 7.For performance of other scheme managed by Mr. Manav Vijay please refer to page no. 6, 8.

SIP ReturnsSIP Tenure 1Investment Amount 10000.00Start Date 01-Jun-2018End Date 31-May-2019Total No. Of Instalments 12Total Amount Invested 1,20,000.00Present Value 1,27,754.07Total No. Of Units 11,938.40CAGR 13.38XIRR 12.25Yield 6.46

SIP date every 1st business day of the monthPast performance may or may not be sustained in the future. Assuming Rs10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow 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 purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.

As on May 31, 2019Average Maturity (Yrs) (For debt portion of the portfolio only) 0.23Modified Duration (Yrs) (For debt portion of the portfolio only) 0.23TER - Reg (%)# 2.60TER - Direct (%)# 0.71Portfolio Yield (%) (For debt portion of the portfolio only) 6.62


Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 13.79%BELOW 90 DAYS 0.34%BELOW 1 YEAR 8.11%ABOVE 1 YEAR 0.34%Cash & Cash Equivalent 8.23%

Asset Allocation

65.98%

3.21%

1.36%

3.65%

17.57%

8.23%Equity

INVIT

Non Convertible Debentures / Floating Rates Notes/Bonds

Certificate of Deposit

Commercial Papers

Cash & Cash Equivalent (including TREPS/ (TBILL held as Collateral)/Reverse Repo/Net Current Assets)


5.73%

5.97%

54.25%

Industry Allocation - Equity (%)24.27

7.91 7.47 6.33.99 3.43 2.59 2.32 1.34 1.27 1.1 0.97 0.93 0.57 0.48 0.42 0.35 0.27

Bank

s

Softw

are

Finan

ce

Cons

umer

Non D

urable

s

Auto

Cons

tructi

on Pr

oject

Petro

leum

Prod

ucts Gas

Indus

trial C

apita

l Goo

ds

Ceme

nt

Pharm

aceu

ticals

Auto

Ancil

laries

Indus

trial P

roduc

ts

Media

& En

tertai

nmen

t

Hotel

s

Healt

hcare

Servi

ces

Texti

le Pro

ducts

Retai

l

Portfolio Classification by Rating Class (%)

22.58%

69.19%

8.23%

CRISIL AAA/ICRA AAA/CARE AAA/

CRISIL A1+/ICRA A1+

Equity/InvIT/Compulsorily Convertible Debentures/

Derivatives/FD

TREPS/ Cash & Cash Equivalent

11


Portfolio Holdings Sector

% of Net Assets

(Hedged &Unhedged)

% Exposureof Derivative

EQUITY & EQUITY RELATED 73.01% 18.53%STATE BANK OF INDIA BANKS 8.74% 8.77%KOTAK MAHINDRA BANK LTD BANKS 6.72% 0.00%TITAN COMPANY LTD CONSUMER DURABLES 5.20% 4.97%HDFC BANK LTD BANKS 5.03% 0.00%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 4.78% 4.79%ICICI BANK LTD BANKS 3.39% 0.00%INFOSYS LTD SOFTWARE 2.84% 0.00%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 2.33% 0.00%AXIS BANK LTD BANKS 2.22% 0.00%BAJAJ FINSERV LTD FINANCE 1.61% 0.00%ITC LTD CONSUMER NON DURABLES 1.49% 0.00%HDFC LIFE INSURANCE COMPANY LTD FINANCE 1.16% 0.00%HCL TECHNOLOGIES LTD SOFTWARE 1.09% 0.00%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 1.08% 0.00%THERMAX LTD INDUSTRIAL CAPITAL GOODS 0.94% 0.00%THE FEDERAL BANK LTD BANKS 0.87% 0.00%NESTLE INDIA LTD CONSUMER NON DURABLES 0.83% 0.00%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 0.83% 0.00%SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 0.81% 0.00%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 0.76% 0.00%GAIL (INDIA) LTD GAS 0.72% 0.00%JYOTHY LABORATORIES LTD CONSUMER NON DURABLES 0.71% 0.00%SIEMENS LTD INDUSTRIAL CAPITAL GOODS 0.71% 0.00%MAHINDRA & MAHINDRA LTD AUTO 0.70% 0.00%BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 0.70% 0.00%BHARAT FORGE LTD INDUSTRIAL PRODUCTS 0.69% 0.00%AMBER ENTERPRISES INDIA LTD CONSUMER DURABLES 0.67% 0.00%CYIENT LTD SOFTWARE 0.66% 0.00%SUNDARAM FINANCE LTD FINANCE 0.65% 0.00%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 0.65% 0.00%ECLERX SERVICES LTD SOFTWARE 0.62% 0.00%ASTEC LIFESCIENCES LTD PESTICIDES 0.62% 0.00%EQUITAS HOLDINGS LTD FINANCE 0.61% 0.00%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.59% 0.00%CESC LTD POWER 0.58% 0.00%BIRLA CORPORATION LTD CEMENT 0.57% 0.00%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 0.55% 0.00%RATNAMANI METALS & TUBES LTD FERROUS METALS 0.55% 0.00%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 0.54% 0.00%SUNDARAM FASTENERS LTD AUTO ANCILLARIES 0.54% 0.00%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 0.54% 0.00%PETRONET LNG LTD GAS 0.54% 0.00%AUROBINDO PHARMA LTD PHARMACEUTICALS 0.52% 0.00%HERO MOTOCORP LTD AUTO 0.52% 0.00%LAURUS LABS LTD PHARMACEUTICALS 0.51% 0.00%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 0.50% 0.00%INDIAN HOTELS COMPANY LTD HOTELS 0.50% 0.00%ORIENT ELECTRIC LTD CONSUMER DURABLES 0.46% 0.00%NIIT LTD SOFTWARE 0.45% 0.00%MOTHERSON SUMI SYSTEMS LTD AUTO ANCILLARIES 0.39% 0.00%ORIENT PAPER AND INDS LTD PAPER 0.39% 0.00%SWARAJ ENGINES LTD INDUSTRIAL PRODUCTS 0.34% 0.00%CHOLAMANDALAM FINANCIAL HOLDINGS LTD FINANCE 0.33% 0.00%MUTHOOT CAPITAL SERVICES LTD FINANCE 0.33% 0.00%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.30% 0.00%SANGHVI MOVERS LTD INDUSTRIAL CAPITAL GOODS 0.29% 0.00%ASAHI INDIA GLASS AUTO ANCILLARIES 0.20% 0.00%H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.18% 0.00%LUPIN LTD PHARMACEUTICALS 0.16% 0.00%MARUTI SUZUKI INDIA LTD AUTO 0.16% 0.00%SPENCER'S RETAIL LTD RETAIL 0.05% 0.00%COMMERCIAL PAPERS 9.25%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL A1+ 9.25%INVIT 5.25%INDIA GRID TRUST POWER UTILITIES 5.25%MUTUAL FUNDS UNITS 10.08%RELIANCE SHARES GOLD BeES 10.08%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

2.41%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe investment objective of the scheme is to generate long term capital appreciation through a portfolio of fixed income securities, Gold Exchange traded funds (ETFs) of other mutual funds and gold related instruments and equity & equity related Instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.Allotment Date5th April, 2011


Asset Allocation PatternEquity & Equity related instruments : 65% to 80%Debt instruments of all types of companies & money market instruments : 10% to 15%Gold ETFs of other mutual funds & gold related instruments : 10% to 15%Investment in REIT & InvIT : 0% to 10%

Scheme FeaturesExit Load : Upto 15% of units redeemed within 365 days of allotment-NILMore than 15% of units redeemed within 365 days of allotment-1%Units redeemed after 365 days from date of allotment-NILMinimum Amount: ` 1,000/- and in multiples of `1/- thereafterBenchmark : CRISIL Composite Bond @ 15% + Price of Gold @ 15% + Nifty TRI @ 30% + NSE Arbritage Index @ 40%^

Fund ManagerDebt Portion: Mr. Archit Shah (Total Experience 9 years) managing this fund w.e.f: 6th March - 2019.Equity Portion: Mr. Viral Berawala (Total Experience 19 years) managed this fund from 1st - 16th May -2019Mr. Suraj Makhija (Total experience 10 years) managing this fund w.e.f. 17th May -2019


GROWTH 18.1322 19.5349 NORMAL DIVIDEND 18.2281 16.1781 MONTHLY DIVIDEND 17.6030 17.8204 QUARTERLY DIVIDEND 16.1781 17.0133

Maturity Profile % WeightageBELOW 1 YEAR 9.25%Cash & Cash Equivalent 2.41%


Period

Essel 3 in 1 Fund - Regular growth

CRISIL Composite Bond @ 15% + Price of gold @ 15% + Nifty TRI @ 30% + NSE

Arbritage Index @ 40%

10 Year dated gOI Security

^@@

1 year CAGR % 5.05% 8.17% 12.20%3 year CAGR % 6.08% 8.40% 6.75%5 year CAGR % 7.13% 8.02% 8.23%Since Inception CAGR % 7.57% 7.81% 6.84%Current Value of investment if ` 10000/- was invested on Inception date (in `)

18132.20 18471.00 17153.170


10505.33 10817.00 11219.506


11937.33 12736.00 12164.804


14116.59 14710.00 14859.473

^ - The returns are calculated to the Total Return Index(TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark " For performance of other schemes managed by Mr. Suraj Makhija please refer to page nos. 9,12.For performance of other schemes managed by Mr. Archit Shah please refer to page nos.10,12,13,14,15,16.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.As on May 31, 2019Average Maturity (Yrs) (For debt portion of the portfolio only) 0.56Modified Duration (Yrs) (For debt portion of the portfolio only) 0.54TER - Reg (%)# 2.50TER - Direct (%)# 0.82Portfolio Yield (%) (For debt portion of the portfolio only) 7.21Portfolio Turnover Ratio (Times) 1.53


Asset Allocation

73.01%

9.25%

5.25%

10.08%

2.41%

Equity

Commercial Papers

INVIT

Mutual Fund

Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/ Reverse Repo/Net Current Assets)


11%

8%

29%

Industry Allocation - Equity(%)

26.97%

10.85%6.33% 5.66% 4.81% 2.92% 2.51% 2.00% 1.94% 1.67% 1.38% 1.26% 1.15% 0.62% 0.58% 0.57% 0.55% 0.50% 0.39% 0.30% 0.05%

Banks

Financ

e

Consum

er Dura

bles

Softwa

re

Consum

er Non

Durabl

es

Indust

rial Pro

ducts

Constru

ction P

roject

Pharm

aceutic

als

Indust

rial Ca

pital Go

ods

Auto A

ncillar

ies Auto Gas

Petrole

um Pr

oducts

Pestici

des Power

Cement

Ferrou

s Meta

ls

Hotels

Paper

Healthc

are Se

rvices

Retail


9.25%

88.34%

2.41%

CRISIL AAA/ICRA AAA/CAREAAA/CRISIL A1+/ICRA A1+

Equity/INVIT/Exchange Traded Fund/Derivatives/ Mutual Fund


Dividend History (Quarterly)

Scheme / Plan Record Date

Net Dividend (` per unit) Cum Dividend NAV (in `)Individual/HUF Corporate

REGULAR MONTHLY DIVIDEND 02-May-19 0.11598851 0.11598851 17.4075DIRECT MONTHLY DIVIDEND 02-May-19 0.11722808 0.11722808 17.6027REGULAR MONTHLY DIVIDEND 04-Apr-19 0.11581143 0.11581143 17.5115DIRECT MONTHLY DIVIDEND 04-Apr-19 0.11696246 0.11696246 17.6921REGULAR PLAN - MONTHLY 06-Mar-19 0.11421769 0.11421769 17.3975DIRECT PLAN - MONTHLY 06-Mar-19 0.11528018 0.11528018 17.5602REGULAR PLAN - MONTHLY 06-Feb-19 0.11395207 0.11395207 17.3924DIRECT PLAN - MONTHLY 06-Feb-19 0.11492602 0.11492602 17.5395REGULAR PLAN - QUARTERLY 22-Mar-18 0.25102250 0.23256754 15.4047DIRECT PLAN - QUARTERLY 22-Mar-18 0.26108784 0.24189289 16.0255REGULAR PLAN - QUARTERLY 02-Nov-17 0.25495961 0.23621520 15.7120DIRECT PLAN - QUARTERLY 02-Nov-17 0.26471019 0.24524893 16.3120REGULAR PLAN - QUARTERLY 02-May-17 0.25358731 0.23494379 15.5982DIRECT PLAN - QUARTERLY 02-May-17 0.26189336 0.24263919 16.1153


ESSEL 3 IN 1 FUND

(An open ended scheme investing in Debt, Equity and Gold)

12


Portfolio as on May 31, 2019Portfolio Holdings Sector / Rating % of Net

AssetsEQUITY & EQUITY RELATED 21.75%HDFC BANK LTD BANKS 1.95%KOTAK MAHINDRA BANK LTD BANKS 1.43%ICICI BANK LTD BANKS 1.28%INFOSYS LTD SOFTWARE 1.13%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 0.95%AXIS BANK LTD BANKS 0.93%HCL TECHNOLOGIES LTD SOFTWARE 0.69%BAJAJ FINSERV LTD FINANCE 0.63%ITC LTD CONSUMER NON DURABLES 0.61%THE FEDERAL BANK LTD BANKS 0.51%HDFC Life Insurance Company LTD FINANCE 0.48%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 0.45%NESTLE INDIA LTD CONSUMER NON DURABLES 0.42%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 0.33%JYOTHY LABORATORIES LTD CONSUMER NON DURABLES 0.33%ECLERX SERVICES LTD SOFTWARE 0.33%THERMAX LTD INDUSTRIAL CAPITAL GOODS 0.33%BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 0.32%Sundaram Fasteners LTD AUTO ANCILLARIES 0.32%AMBER ENTERPRISES INDIA LTD CONSUMER DURABLES 0.32%SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 0.31%SUNDARAM FINANCE LTD FINANCE 0.29%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 0.29%MAHINDRA & MAHINDRA LTD AUTO 0.28%GAIL (INDIA) LTD GAS 0.28%RATNAMANI METALS & TUBES LTD FERROUS METALS 0.28%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 0.27%BHARAT FORGE LTD INDUSTRIAL PRODUCTS 0.27%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.26%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 0.26%HERO MOTOCORP LTD AUTO 0.26%CYIENT LTD SOFTWARE 0.26%Orient Electric Ltd Consumer Durables 0.26%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 0.25%ASTEC LIFESCIENCES LTD PESTICIDES 0.25%CESC LTD POWER 0.24%SWARAJ ENGINES LTD INDUSTRIAL PRODUCTS 0.24%ORIENT PAPER AND INDS LTD PAPER 0.24%Siemens Ltd INDUSTRIAL CAPITAL GOODS 0.23%NIIT Ltd SOFTWARE 0.22%CHOLAMANDALAM FINANCIAL HOLDINGS LTD FINANCE 0.22%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 0.22%BIRLA CORPORATION LTD CEMENT 0.22%PETRONET LNG LTD GAS 0.21%SANGHVI MOVERS LTD INDUSTRIAL CAPITAL GOODS 0.21%AUROBINDO PHARMA LTD PHARMACEUTICALS 0.21%Laurus Labs Ltd PHARMACEUTICALS 0.19%MOTHERSON SUMI SYSTEMS LTD AUTO ANCILLARIES 0.19%Equitas Holdings Ltd FINANCE 0.19%MUTHOOT CAPITAL SERVICES LTD FINANCE 0.16%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.15%TITAN COMPANY LTD CONSUMER DURABLES 0.12%INDIAN HOTELS COMPANY LTD HOTELS 0.11%H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.10%Asahi India Glass AUTO ANCILLARIES 0.09%LUPIN LTD PHARMACEUTICALS 0.08%MARUTI SUZUKI INDIA LTD AUTO 0.06%SPENCER'S RETAIL LTD RETAIL 0.04%CERTIFICATES OF DEPOSIT 8.27%AU SMALL FINANCE BANK LTD CRISIL A1+ 4.61%BANK OF BARODA ICRA A1+ 3.66%COMMERCIAL PAPERS 3.64%SBI CARDS AND PAYMENT LTD CRISIL A1+ 3.64%INVIT 5.69%INDIA GRID TRUST Power Utilities 5.69%NON-CONVERTIBLE DEBENTURE / ZCB 47.67%TATA CAPITAL HOUSING FINANCE LTD CRISIL AAA 11.04%RURAL ELECTRIFICATION CORPN LTD CRISIL AAA 9.82%L & T INFRASTRUCTURE FINANCE LTD CARE AAA 9.77%POWER FINANCE CORPORATION LTD CARE AAA 9.64%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL AAA 7.40%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

12.98%

Total 100.00%

Key Scheme InformationInvestment ObjectiveTo generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme(s) will be achieved. The Scheme(s) does not assure or guarantee any returns.Allotment Date29th July 2010


Asset Allocation Pattern"Debt & Money market instruments : 75% to 90%Equity and Equity Related Instruments and/ or Units of equity mutual fund schemes : 10% to 25%Investment in REITs & InvITs : 0% to 10%

Scheme FeaturesExit Load : Upto 15% of units redeemed within 365 days of allotment-NILMore than 15% of units redeemed within 365 days of allotment-1%Units redeemed after 365 days from date of allotment-NILMinimum Amount: ` 1,000/- and in multiples of ` 1/- thereafterBenchmark : CRISIL Hybrid 85+15 Conservative Index^

Fund ManagerDebt Portion: Mr. Archit Shah (Total Experience 9 years) managing this fund w.e.f: 6th March'2019. Equity Portion: Mr. Viral Berawala (Total Experience 19 years) managed this fund from 1st - 16th May -2019Mr. Suraj Makhija (Total experience 10 years) managing this fund w.e.f. 17th May -2019


GROWTH 19.2051 21.1748 MONTHLY DIVIDEND 10.3297 11.1371 QUARTERLY DIVIDEND 11.8147 12.9980

Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 7.30%BELOW 90 DAYS 9.77%BELOW 1 YEAR 15.65%ABOVE 1 YEAR 26.86%Cash & Cash Equivalent 12.98%


Period Essel Regular Savings Fund

CRISIL Hybrid 85+15 -

Conservative Index^@

10 Year dated gOI

Security^@@1 year returns % 5.96% 10.46% 12.20%3 year CAGR % 6.48% 9.03% 6.75%5 year CAGR % 7.42% 9.63% 8.23%Since Inception CAGR % 7.66% 8.73% 6.77%Current Value of investment if ` 10000/- was invested on Inception date (in `)

19205.10 20955.93 17855.56


10596.38 11045.74 11219.51


12071.92 12960.49 12164.80


14305.69 15845.05 14859.47

^ - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Suraj Makhija please refer to page nos. 9,11For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 10,11,13,14,15,16.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.As on May 31, 2019Average Maturity (Yrs) (For debt portion of the portfolio only) 0.76Modified Duration (Yrs) (For debt portion of the portfolio only) 0.68TER - Reg (%)# 2.35TER - Direct (%)# 0.64Portfolio Yield (%) (For debt portion of the portfolio only) 7.29


Asset Allocation

21.75%

5.69%

8.27%

3.64%47.67%

12.98% Equity

INVIT

Certificate of Deposits

Commercial Papers

Non Convertible Debentures/ Floating Rate Notes/ Bonds

Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/ Reverse Repo/Net Current Assets)


6.10%

2.63% 2.52%2.13%

1.32% 1.05% 0.87% 0.79% 0.77% 0.70% 0.60% 0.49% 0.28% 0.25% 0.25% 0.24% 0.24% 0.22% 0.15% 0.11% 0.04%

Bank

s

Softw

are

Finan

ce

Consu

mer N

on Du

rables

Indust

rial P

roduc

ts

Const

ructio

n Proj

ect

Auto

Ancill

aries

Pharm

aceuti

cals

Indust

rial C

apita

l Goo

ds

Consu

mer D

urable

s

Auto Gas

Ferro

us Me

tals

Petro

leum

Produ

cts

Pestic

ides

Pape

r

Powe

r

Ceme

nt

Healt

hcare

Servi

ces

Hotel

s

Retai

lPortfolio Classification by Rating Class (%)

59.58%

27.44%

12.98%

CRISIL A1+/ICRA A1+/CRISILAAA/CARE AAA/ICRA AAA

Equity/ INVIT TREPS/ Cash & CashEquivalent

Dividend History (Monthly)Scheme / Plan Record Date Net Dividend (` per unit) Cum Dividend

NAV (in `)Individual/HUF CorporateMONTHLY DIVIDEND 31-May-19 0.03723581 0.03448055 10.3297DIRECT MONTHLY DIVIDEND 31-May-19 0.04014447 0.03717399 11.1371MONTHLY DIVIDEND 26-Apr-19 0.03698303 0.03424648 10.2805DIRECT MONTHLY DIVIDEND 26-Apr-19 0.03981462 0.03686855 11.0682DIRECT MONTHLY DIVIDEND 22-Feb-19 0.03914311 0.03624672 10.8768DIRECT MONTHLY DIVIDEND 25-Jan-19 0.03926314 0.03635787 10.8937DIRECT MONTHLY DIVIDEND 28-Dec-18 0.03936720 0.03645423 10.9474MONTHLY DIVIDEND 28-Dec-18 0.03638972 0.03369707 10.1190DIRECT MONTHLY DIVIDEND 30-Nov-18 0.03936239 0.03644978 10.9390MONTHLY DIVIDEND 30-Nov-18 0.03642996 0.03373433 10.1236DIRECT MONTHLY DIVIDEND 26-Oct-18 0.03873271 0.03586670 10.7474DIRECT MONTHLY DIVIDEND 28-Sep-18 0.03909733 0.03620433 10.8398MONTHLY DIVIDEND 31-Aug-18 0.03668995 0.03397508 10.1944DIRECT MONTHLY DIVIDEND 31-Aug-18 0.03991422 0.03696077 11.0907

Dividend History (Quarterly)Scheme / Plan Record Date Net Dividend (` per unit) Cum Dividend

NAV (in `)Individual/HUF CorporateREGULAR PLAN - QUARTERLY 22-Mar-18 0.16239187 0.15045296 11.2080DIRECT PLAN - QUARTERLY 22-Mar-18 0.17580539 0.16288033 12.1376REGULAR PLAN - QUARTERLY 2-Nov-17 0.16575986 0.15357334 11.5140DIRECT PLAN - QUARTERLY 2-Nov-17 0.17868841 0.16555139 12.4149REGULAR PLAN - QUARTERLY 2-May-17 0.16344861 0.15143201 11.3707DIRECT PLAN - QUARTERLY 2-May-17 0.17522154 0.16233940 12.1924

ESSEL REgULAR SAVINgS FUND

(An open ended hybrid scheme investing predominantly in debt instruments)

13

ESSEL ARBITRAgE FUND

(An open ended scheme investing in arbitrage opportunities)



Portfolio Holdings Sector / Rating % of Net Assets

EQUITY & EQUITY RELATED (Quantity fully hedged using Futures/Options)

70.31%

ASIAN PAINTS LTD CONSUMER NON DURABLES

9.39%

HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 9.11%

BHARAT FINANCIAL INCLUSION LTD FINANCE 8.35%

TV18 BROADCAST LTD MEDIA & ENTERTAINMENT 7.06%

UPL LTD PESTICIDES 6.67%

LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 6.50%

STATE BANK OF INDIA BANKS 5.88%

MAHINDRA & MAHINDRA FIN SER LTD FINANCE 5.86%

HINDUSTAN UNILEVER LTD CONSUMER NON DURABLES

4.48%

RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 3.70%

CADILA HEALTHCARE LTD PHARMACEUTICALS 3.31%

COMMERCIAL PAPERS 11.07%

SBI CARDS AND PAYMENT LTD CRISIL A1+ 11.07%


18.62%

Total 100.00%

Key Scheme Information

Investment ObjectiveThe investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized. The Fund will be a pure arbitrage fund with no directional positions in equity and derivatives (un-hedged) positions.

Allotment Date28th August 2018


Asset Allocation PatternUnder Normal Circumstances The Asset Allocation Pattern Will Be :

Equity or Equity Related Instruments : 65% to 100%

Of which Equity and Equity derivatives (only arbitrage opportunity) : 65% to 100%

Debt and money market instruments : 0% to 35%

Scheme FeaturesExit Load : If the Units are redeemed / switched out on or before 1 month from the date of allotment – 0.25%

If the Units are redeemed / switched out after 1 month from the date of allotment – Nil

Minimum Amount : `1,000/- and in multiples of ` 1/- thereafter

Benchmark : CRISIL Liquid Fund Index(The benchmark and additional benchmark returns shall be calculated at the Total return Index (TRI) variant of the Index chosen.)

Fund ManagerEquity Portion: Mr. Vikas Gupta (Total Experience 11 years) managed this fund from 1st - 16th May -2019Mr. Dhaval Choksi (Total experience 10 years) managing this fund w.e.f. 17th May -2019Debt Portion: Mr. Archit Shah (Total Experience 9 years) managing this fund w.e.f: 6th March - 2019For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 10,11,12,14,15,16.


Growth 10.4478 10.5070 Normal Dividend 10.4479 10.5072 Monthly Dividend 10.4476 10.5144 Quarterly Dividend -- 10.5099

Maturity Profile % WeightageBelow or equal to 50 Days 11.07%

Cash & Cash Equivalent 18.62%

As on May 31, 2019

TER - Reg (%)# 1.00TER - Direct (%)# 0.34


Performance - As the scheme has not completed one year, performance is not provided.

Asset Allocation

70.31%

11.07%

18.62%

Equity

Commercial Papers

Cash & Cash Equivalent (includingTREPS/(TBILL held as Collateral) /Reverse Repo/Net Current Assets)


23.32%

13.87%

7.06% 6.67% 6.50% 5.88%3.70% 3.31%

Finan

ce

Cons

umer

Non D

urab

les

Media

& En

tertai

nmen

t

Pesti

cides

Cons

tructi

on Pr

oject

Bank

s

Petro

leum

Prod

ucts

Pharm

aceu

ticals

14

ESSEL SHORT TERM FUND

(An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year - 3 years)


Portfolio Holdings Rating % of Net Assets

CERTIFICATES OF DEPOSIT 7.25%

AU SMALL FINANCE BANK LTD CRISIL A1+ 7.25%

NON-CONVERTIBLE DEBENTURE / ZCB 84.00%

MAHINDRA & MAHINDRA FIN SER LTD IND AAA 46.11%

LIC HOUSING FINANCE LTD CRISIL AAA 37.89%


8.75%

Total 100.00%

Key Scheme Information

Investment ObjectiveTo generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Allotment Date18th August 2010


Asset Allocation PatternDebt & Money Market Instruments to maintain a portfolio of Macaulay Duration between 1 and 3 years : 0% to 100%Cash & Cash Equivalents : 0% to 100%Investment in REITs and InviTs : 0% to 10%

Scheme FeaturesExit Load : NIL

Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafter

Benchmark : CRISIL Short Term Bond Fund Index^

Fund ManagerMr. Archit Shah (Total Experience 9 years) is managing this fund w.e.f: 6th March' - 2019

Dividend History (Monthly)


Net Dividend (` per unit) Cum Dividend NAV (in `)Individual/

HUF Corporate

MONTHLY DIVIDEND 10-May-19 0.04881536 0.04520328 10.1689

DIRECT MONTHLY DIVIDEND 10-May-19 0.05887782 0.05452117 12.2653

MONTHLY DIVIDEND 10-Apr-19 0.04898285 0.04535837 10.2055

DIRECT MONTHLY DIVIDEND 10-Apr-19 0.05903794 0.05466944 12.3007

REGULAR PLAN - MONTHLY 29-Mar-19 0.03704763 0.0343063 10.3129

DIRECT PLAN - MONTHLY 29-Mar-19 0.03984104 0.03689301 11.0910

REGULAR PLAN - MONTHLY 11-Feb-19 0.04893372 0.04531287 10.1949

DIRECT PLAN - MONTHLY 11-Feb-19 0.05889357 0.05453574 12.2708

REGULAR PLAN - MONTHLY 10-Jan-19 0.04897871 0.04535454 10.2029

DIRECT PLAN - MONTHLY 10-Jan-19 0.05890738 0.05454854 12.2715

REGULAR PLAN - MONTHLY 10-Dec-18 0.04891553 0.04529603 10.1841

DIRECT PLAN - MONTHLY 10-Dec-18 0.05125157 0.04745922 10.6711

REGULAR PLAN - MONTHLY 12-Nov-18 0.04878565 0.04517577 10.1649

DIRECT PLAN - MONTHLY 12-Nov-18 0.05108373 0.0473038 10.6444

REGULAR PLAN - MONTHLY 10-Oct-18 0.04879192 0.04518157 10.1664

DIRECT PLAN - MONTHLY 10-Oct-18 0.05105532 0.04727749 10.6382

REGULAR PLAN - MONTHLY 10-Sep-18 0.04907269 0.04544157 10.2050

DIRECT PLAN - MONTHLY 10-Sep-18 0.05131578 0.04751868 10.6716

REGULAR PLAN - MONTHLY 10-Aug-18 0.04925449 0.04560992 10.2601

DIRECT PLAN - MONTHLY 10-Aug-18 0.05147052 0.04766197 10.7219

Dividend History (Quarterly)


Net Dividend (` per unit) Cum Dividend NAV (in `)Individual/

HUF Corporate

REGULAR QUARTERLY DIVIDEND 11-Mar-19 0.04888694 0.04526956 10.1898DIRECT QUARTERLY DIVIDEND 11-Mar-19 0.05887414 0.05451776 12.2723REGULAR QUARTERLY DIVIDEND 22-Mar-18 0.1577596 0.14616125 10.9453DIRECT QUARTERLY DIVIDEND 22-Mar-18 0.16556427 0.15339212 11.4899REGULAR QUARTERLY DIVIDEND 02-Nov-17 0.1590428 0.14735011 11.0221DIRECT QUARTERLY DIVIDEND 02-Nov-17 0.16633767 0.15410867 11.5301REGULAR QUARTERLY DIVIDEND 02-May-17 0.15752604 0.14594486 10.9190DIRECT QUARTERLY DIVIDEND 02-May-17 0.16366529 0.15163276 11.3535

Performance as on May 31, 2019 (Last Business Day Of The Month) Period Essel Short

Term FundCRISIL

Short Term Bond Fund Index^@

1 Year govt. T-Bill^@@


20377.10 20120.66 18248.10


10775.09 10924.23 10785.71


12042.99 12470.20 12179.54


14109.12 14873.91 14237.92

^ - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 10,11,12,13,15,16.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.As on May 31, 2019Average Maturity (Yrs) 1.30Modified Duration (Yrs) 1.05TER - Reg (%)# 1.20TER - Direct (%)# 0.36Portfolio Yield (%) 7.57


*CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on May 31, 2019). For statutory details please refer to page no. 17 &18.

Asset Allocation

7.25%

84.00%

8.75%


Non Convertible Debentures/ Floating RateNotes/ Bonds


Scheme Performance vis-a-vis Benchmark (%)

7.75%

6.39%7.12%

8.44%9.24%

7.64%8.25% 8.28%7.86%

6.79%7.31% 7.08%

1 year CAGR % 3 year CAGR % 5 year CAGR % Since Inception CAGR %

Essel Short Term Fund - Regular Growth CRISIL Short Term Bond Fund Index 1YR GOVT T-BILL



GROWTH 20.3771 21.5347 MONTHLY DIVIDEND 10.1900 12.2965 QUARTERLY DIVIDEND 11.6327 12.3420 BONUS 15.2729 21.6240

Maturity Profile % WeightageBELOW 90 DAYS 46.11%BELOW 1 YEAR 7.25%ABOVE 1 YEAR 37.89%Cash & Cash Equivalent 8.75%

91.25%

8.75%

CRISIL AAA/IND AAA/CRISIL A1+/ICRA A1+


15

ESSEL ULTRA SHORT TERM FUND

(An open ended ultra-short term debt scheme investing in instruments such that Macaulay duration of the portfolio is between 3 months and 6 months.)



CERTIFICATES OF DEPOSIT 38.85%AU SMALL FINANCE BANK LTD CRISIL A1+ 11.17%BANK OF BARODA ICRA A1+ 10.21%ORIENTAL BANK OF COMMERCE CRISIL A1+ 8.74%IDFC FIRST BANK LTD ICRA A1+ 8.73%COMMERCIAL PAPERS 9.00%SBI CARDS AND PAYMENT LTD CRISIL A1+ 9.00%NON-CONVERTIBLE DEBENTURE / ZCB 30.78%MAHINDRA & MAHINDRA FIN SER LTD IND AAA 11.67%POWER GRID CORPORATION OF INDIA LTD CRISIL AAA 10.27%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL AAA 5.90%RURAL ELECTRIFICATION CORPN LTD CRISIL AAA 2.94%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

21.37%

Total 100.00%

Key Scheme InformationInvestment ObjectiveTo provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme(s) will be achieved. The Scheme(s) does not assure or guarantee any returns.

Allotment Date19th February 2010


Asset Allocation PatternDebt & Money Market Instruments to maintain a portfolio of Macaulay Duration between 3 and 6 months : 0% to 100%Cash & Cash Equivalents : 0% to 100%Investment in REITs and InvITs : 0% to 10%


Minimum Amount: ` 1,000/- and in multiples of ` 1 thereafterBenchmark : CRISIL Liquid Fund Index^

Fund ManagerMr. Archit Shah (Total Experience 9 years) is managing this fund w.e.f: 6th March'-2019



Net Dividend (` per unit) Cum Dividend NAV (in `)

Individual/HUF Corporate

DIRECT MONTHLY DIVIDEND 31-May-19 3.75803485 3.47995983 1043.7777REGULAR PLAN MONTHLY DIVIDEND 31-May-19 3.68344333 3.41088769 1023.0506DIRECT MONTHLY DIVIDEND 26-Apr-19 3.74810153 3.47076151 1040.9137REGULAR PLAN MONTHLY DIVIDEND 26-Apr-19 3.67568243 3.40370105 1020.7920DIRECT MONTHLY DIVIDEND 29-Mar-19 0.64504898 0.59731857 1007.5455REGULAR PLAN MONTHLY DIVIDEND 29-Mar-19 0.38110673 0.00 1010.8481DIRECT MONTHLY DIVIDEND 22-Feb-19 3.73707993 3.46055463 1037.8414REGULAR PLAN MONTHLY DIVIDEND 22-Feb-19 3.66970907 3.39816888 1019.1124DIRECT MONTHLY DIVIDEND 25-Jan-19 3.73590003 3.45946287 1037.5088REGULAR PLAN MONTHLY DIVIDEND 25-Jan-19 3.67080137 3.39918117 1019.4083DIRECT MONTHLY DIVIDEND 28-Dec-18 3.7328754 3.45666204 1036.6956REGULAR PLAN MONTHLY DIVIDEND 28-Dec-18 3.67101778 3.39938156 1019.4953DIRECT MONTHLY DIVIDEND 30-Nov-18 3.72867381 3.45277135 1035.5234REGULAR PLAN MONTHLY DIVIDEND 30-Nov-18 3.67004943 3.39848487 1019.2196DIRECT MONTHLY DIVIDEND 26-Oct-18 3.71820766 3.44307964 1032.5575REGULAR PLAN MONTHLY DIVIDEND 28-Sep-18 3.64291716 3.37336025 1011.8808DIRECT MONTHLY DIVIDEND 28-Sep-18 3.71418918 3.4393585 1031.7032REGULAR PLAN MONTHLY DIVIDEND 31-Aug-18 3.65036868 3.38026039 1013.6872DIRECT MONTHLY DIVIDEND 31-Aug-18 3.7197902 3.44454508 1032.9827


GROWTH 2,037.6880 2,116.6260

DAILY DIVIDEND 1,011.1407 1,006.6500

WEEKLY DIVIDEND 1,004.2466 1,004.7643

MONTHLY DIVIDEND 1,023.0506 1,043.7777

Maturity Profile % Weightage

BELOW OR EQUAL TO 50 DAYS 47.85%BELOW 90 DAYS 11.67%BELOW 1 YEAR 10.27%ABOVE 1 YEAR 8.84%CASH & CASH EQUIVALENT 21.37%

Face Value changed from ` 10/- to ` 1000/- with effect from 21st September 2014


Period Essel UltraShort Term

Fund

CRISIL Liquid Fund

Index ^@

1 Year govt.T-Bill ^@@


20376.88 20132.23 18373.84


10715.07 10773.47 10785.71


12145.87 12316.05 12179.54


14228.27 14465.13 14237.92

^ - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 10,11,12,13,14,16.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

As on May 31, 2019

Average Maturity (Yrs) 0.28

Modified Duration (Yrs) 0.28

TER - Reg (%)# 1.05

TER - Direct (%)# 0.22

Portfolio Yield (%) 7.38# - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.17


Asset Allocation

30.78%

38.85%

9.00%

21.37%Non Convertible Debentures/ FloatingRate Notes/ Bonds

Certificate Of Deposits

Commercial Paper

Cash & Cash Equivalent (includingTREPS/(TBILL held as Collateral) /Reverse Repo/Net Current Assets)


7.15%

6.69%

7.30%

7.97%7.73%

7.19%

7.65%7.83%7.86%

6.79%

7.31%

6.77%


Essel Ultra Short Term Fund - Regular Growth CRISIL Liquid Fund Index 1YR GOVT T-BILL


78.63%

21.37%

CRISIL A1+/ICRA A1+/CAREA1+/IND AAA/CRISIL AAA


16

ESSEL LIQUID FUND

(An open ended liquid scheme)Portfolio as on May 31, 2019


CERTIFICATES OF DEPOSIT 64.70%AU SMALL FINANCE BANK LTD IND A1+ 27.15%

RATNAKAR BANK LTD ICRA A1+ 19.99%

BANK OF BARODA ICRA A1+ 7.98%

BANK OF INDIA CRISIL A1+ 7.98%

ORIENTAL BANK OF COMMERCE CRISIL A1+ 1.60%

COMMERCIAL PAPERS 31.94%AXIS FINANCE LTD CRISIL A1+ 19.99%

HINDUSTAN PETROLEUM CORPORATION LTD CRISIL A1+ 7.97%

SBI CARDS AND PAYMENT LTD CRISIL A1+ 3.98%

Cash & Cash Equivalent (Including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

3.36%

TOTAL 100.00%

Key Scheme InformationInvestment ObjectiveTo provide a high level of liquidity with reasonable returns commensurate with low risk through a portfolio of money market and debt securities. However, there can be no assurance or guarantee that the investment objective of the scheme(s) will be achieved. The Scheme(s) does not assure or guarantee any returns.

Allotment Date19th February 2010


Asset Allocation PatternDebt & Money Market Instruments with maturity/residual maturity up to 91 days : 0% to 100%Cash & Cash Equivalents : 0% to 100%


Minimum Amount: ` 1,000/- and inmultiples of ` 1 thereafterBenchmark : CRISIL Liquid Fund Index^

Fund ManagerMr. Archit Shah (Total Experience 9 years) is managing this fund w.e.f: 6th March'- 2019


Scheme / Plan Record DateNet Dividend (` per unit) Cum

Dividend NAV (in `)

Individual/HUF Corporate

REGULAR PLAN MONTHLY DIVIDEND 31-May-19 4.6145302 4.27307898 1007.6662

DIRECT MONTHLY DIVIDEND 31-May-19 4.69182081 4.34465048 1007.7735

REGULAR PLAN MONTHLY DIVIDEND 26-Apr-19 3.85487806 3.56963714 1006.6116

DIRECT MONTHLY DIVIDEND 26-Apr-19 3.91632157 3.62653415 1006.6969

REGULAR PLAN - MONTHLY 29-Mar-19 5.34789057 4.95217449 1008.6843

DIRECT PLAN - MONTHLY 29-Mar-19 5.42438882 5.02301227 1008.7905

REGULAR PLAN - MONTHLY 22-Feb-19 3.9608375 3.66775614 1006.7587

DIRECT PLAN - MONTHLY 22-Feb-19 4.02148866 3.72391942 1006.8429

REGULAR PLAN - MONTHLY 25-Jan-19 4.07169514 3.77041089 1006.9126

DIRECT PLAN - MONTHLY 25-Jan-19 4.13292256 3.82710779 1006.9976

REGULAR PLAN - MONTHLY 31-Dec-18 4.10871972 3.80469584 1006.964

DIRECT PLAN - MONTHLY 31-Dec-18 4.16951494 3.86099253 1007.0484

REGULAR PLAN - MONTHLY 30-Nov-18 5.26706541 4.87732998 1008.5721

DIRECT PLAN - MONTHLY 30-Nov-18 5.34371637 4.94830916 1008.6785

REGULAR PLAN - MONTHLY 26-Oct-18 4.039241 3.74035818 1006.8675

DIRECT PLAN - MONTHLY 26-Oct-18 4.10038059 3.79697376 1006.9524

REGULAR PLAN - MONTHLY 28-Sep-18 3.9975211 3.70172534 1006.8096

DIRECT PLAN - MONTHLY 28-Sep-18 4.05870802 3.75838475 1006.8946

REGULAR PLAN - MONTHLY 31-Aug-18 4.97330282 4.60530429 1008.1643

DIRECT PLAN - MONTHLY 31-Aug-18 5.05009696 4.67641606 1008.2709

Net Asset Value (NAV) as on May 31, 2019 (in Rs) (Last Business Day Of The Month) Plan / Option Regular Plan Direct Plan

GROWTH 2,073.2234 2,085.1874

DAILY DIVIDEND 1,001.2902 1,001.2900

WEEKLY DIVIDEND 1,001.1820 1,001.1553

MONTHLY DIVIDEND 1,007.6662 1,007.7735

Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 96.64%CASH & CASH EQUIVALENT 3.36%Face Value changed from ` 10/- to ` 1000/- with effect from 21st September 2014


Period Essel Liquid Fund

CRISIL Liquid Fund

Index^@

1 Year govt.T-Bill ^@@

1 year returns % 7.53% 7.73% 7.86%

3 year CAGR % 7.20% 7.19% 6.79%

5 year CAGR % 7.72% 7.65% 7.31%

Since Inception CAGR % 8.17% 7.83% 6.77%

Current Value of investment if ` 10000/- was invested on Inception date (in `)

20732.23 20132.23 18373.84


10752.72 10773.47 10785.71


12319.13 12316.05 12179.54


14510.24 14465.13 14237.92

^ - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 10,11,12,13,14,15.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

As on May 31, 2019

Average Maturity (Yrs) 0.04Modified Duration (Yrs) 0.04TER - Reg (%)# 0.20TER - Direct (%)# 0.08Portfolio Yield (%) 7.01



Asset Allocation

64.70%

31.94%

3.36%


Commercial Papers

Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral) /Reverse Repo/Net Current Assets)


7.53% 7.20%7.72%

8.17%7.73%7.19%

7.65% 7.83%7.86%

6.79%7.31%

6.77%


Essel Liquid Fund - Regular Growth CRISIL Liquid Fund Index 1YR GOVT T-BILL


96.64%

3.36%

CRISIL A1+/ICRA A1+/ CARE A1+/IND A1+


17

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` 100

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200

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Yes

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thly

and

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Mon

thly:

5th

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mon

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5th

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pril,

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Yes

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, W

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, fo

rtnigh

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and

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Daily

- ` 5

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ightly

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se a

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furth

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ssel

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atte

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publi

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such

com

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apac

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inte

rest

whet

her o

r not

diffe

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all n

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(EFA

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man

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or a

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r any

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ind

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loss a

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use

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cces

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ation

that

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be

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in th

is pu

blica

tion

form

time

to tim

e. R

ecipi

ents

of th

e inf

orm

ation

cont

ained

her

ein sh

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due

care

and

caut

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nd re

ad th

e Sc

hem

e inf

orm

ation

Doc

umen

t(s) a

nd S

tate

men

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nal in

form

ation

(inc

luding

if ne

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obta

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the

advic

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ta

x/ leg

al/ac

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finan

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ther

pro

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) prio

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dec

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r om

itting

to a

ct, on

the b

asis

of th

e inf

orm

ation

cont

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here

in.

CARE

Rat

ing M

etho

dolo

gy: E

ssel

Liquid

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d, E

ssel

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Sho

rt Ter

m Fu

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und h

ave b

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ssign

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redit

Risk

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fs” by

CAR

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ting (

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and R

esea

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ting i

nclud

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men

t of v

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s qua

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tors

inclu

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anag

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ality

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ratio

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reas

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E re

views

the r

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ual fu

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is to

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s pub

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d ra

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be

sour

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from

www

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ratin

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m o

r Cre

dit A

nalys

is &

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arch

Ltd.

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utor

y det

ails:

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utua

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d ha

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shed

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td.(P

FMCL

))

PRODUCT LABELINg

NAME OF THE SCHEME THESE PRODUCTS ARE SUITABLE FOR INVESTORS WHO ARE SEEKINg*

RISKOMETER

Essel Liquid Fund (An Open Ended Liquid Scheme)

l Income over short term. l Investments in debt and money market Instrumentsl Degree of risk – LOW RISK

Investors understand that their principal will be at Low risk

Essel Ultra Short Term Fund (An open ended ultra-short term debt scheme investing in instruments such that Macaulay duration of the portfolio is between 3 months and 6 months.)

l Income over short term. l Investment in money market and short term debt

instruments.l Degree of risk – MODERATELY LOW RISK

Investors understand that their principal will be at Moderately Low riskEssel Short Term Fund (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year - 3 years)

l Income over short to medium term. l Investment in debt and money market instruments.l Degree of risk – MODERATELY LOW RISK

Essel Arbitrage Fund (An open ended scheme investing in arbitrage opportunities)

l To generate income over short term. l To generate income by predominantly investing in arbitrage

opportunities in cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

l Degree of risk – MODERATELY LOW

Investors understand that their principal will be at Moderately Low risk

Essel Regular Savings Fund (An open ended hybrid scheme investing predominantly in debt instruments)

l Income over medium to long term. l Investment in high quality fixed income securities and with a

marginal exposure to equity and equity related instruments.l Degree of risk – MODERATELY HIGH RISK

Investors understand that their principal will be at Moderately High risk

Essel 3 In 1 Fund (An open ended scheme investing in Debt, Equity and Gold)

l Capital appreciation over the long term. l To generate long term capital appreciation through a

portfolio of fixed income securities, Gold Exchange traded funds (ETFs) of other mutual funds and gold related instruments and equity & equity related Instruments.

l Degree of risk – MODERATELY HIGH RISK

Essel Large Cap Equity Fund (Large Cap Fund - An open ended equity scheme predominantly investing in large cap stocks)

l Capital appreciation over the long term. l Investing in an actively managed portfolio predominantly

consisting of Equity & equity related securities diversified over various sectors of large cap companies


Essel Large & Midcap Fund (Large & Midcap Fund - An open ended equity scheme investing in both large cap and mid cap stocks)

l Capital appreciation over medium to long terml Investing predominantly in equity and equity related

securities of mid cap companies & large cap companies.l Degree of risk – MODERATELY HIGH RISK

Essel Multi Cap Fund(An open ended equity scheme investing across large, mid & small cap stocks)

l Capital appreciation over the long term. l To generate capital appreciation by predominantly investing

in equity and equity related instruments across large cap, mid cap, small cap stocks


Essel Long Term Advantage Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)

l Capital appreciation over long terml Investment in equity and equity related instruments.l Degree of risk – MODERATELY HIGH RISK

Essel Equity Hybrid Fund (An Open Ended Hybrid Scheme investing predominantly in equity & equity related instruments)

l Capital appreciation over the long terml To generate capital appreciation by predominantly

investing in equity and equity related instruments.l Degree of risk – MODERATELY HIGH RISK

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

18

Registered Office: Essel Finance AMC Limited, 3rd Floor, Peerless Mansion, 1, Chowringhee Square, Kolkata - 700 069. Tel 033 4018 5000, Fax : 033 40185010. CIN No: U65990WB2009PLC134537Investment & Operations Office : 6th Floor, Jet Prime, Suren Road,Nr. Guru Nanak Petrol Pump/Cinemax Opp. Residency Hotel Andheri (East), Mumbai – 400093, Maharashtra Toll Free : 1800 103 8999 Fax : +91 22 7133 5158Branches/Customer Service Centres : EAST - AGARTALA: Agartala branch, Saha building, C/o late Rajmohan Saha, Durgabari Lane, Agartala, Tripura (West), Pin-799 001, *CONTAI: Vill: Dhandighi ,Holding No.: 359/351, 1st Floor, P.O. & P.S.: Contai, Pin : 721401,West Bengal, DURGAPUR: Unit NoA-212,Kamdhenu Commercial Complex,City Centre,Durgapur-713216, West Bengal, *GHATAL: ESSEL FINANCE AMC LTD, Behind Bandhan Bank Argora, Near Ghatal Hospital, PO+PS-Ghatal, Dist-West Midnapore,PIN-721212, *GUWAHATI: Essel Finance AMC Limited, Ground floor, Mayur Garden, Behind ABC Bus Stop, Bhangagarh, GS Road, Guwahati – 781005, *KOLKATA: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata 700 069, SILIGURI: Siliguri Branch, Nanak Complex,3rd Floor, Above IDBI Bank, Sevoke Road , P.O. Siliguri, Dist. Darjeeling-734 001,WEST - *MUMBAI: 601, Jet Prime, Plot No. 39-B, Suren Road, Andheri (E), Mumbai 400093, THANE: 503, Ace business center near Navnit motor,Gokul Nagar, Above PNB bank.Thane west 400607, BARODA: First Floor, Iplex India Pvt Ltd. Above Spencers Mall, Besides Vadodara Central, Genda Circle, Vadodara-390007 *AHMEDABAD: 503, Silicon Tower, Nr. Samarthehwar Mahadev Temple Opp. Axis Bank Lane, Law Garden Ahmedabad - 380006, NASHIK: 57Karankala Bungalow, Shop No. 2, Opp Old NMC Pandit Colony Nashik-422002, NAGPUR: Pukhraj House, VIP Road, Near Children’s Traffic Park, Darampeth Nagpur – 440010. *PUNE: Aurora Towers,9 Moledina Road,West Wing,First Floor,Camp,Pune-411001.

NORTH - *NEW DELHI: 510, Ansal Bhawan, K G Marg, Connaught Place, New Delhi, 110001, *LUCKNOW: Essel Finance AMC LTD Office No:1, Centre Court Building,1st Floor, 5 Park Road, Hazratganj, Lucknow-226001 Landline:- 0522-4237190. *JAIPUR: F 101-102, First Floor, City Pearl, Vidhayak Puri road, Opp. Gangaur Hotel, Jaipur-302001, CHANDIGARH: Cabin No. 2, Magnet CoWork Plot No 129/1 (Opp. Hyatt),Industrial Area, Phase 1, Chandigarh-160002, KANPUR: Essel Finance AMC Ltd, Office No 111, 1st floor, 14/113 Kan Chamber, Kanpur-208001.SOUTH - *BANGALORE: The Premium Office, #3, Manandi Plaza, 3rd Floor, St. Mark’s Road, Shanthala Nagar, Ashok Nagar, Bengaluru, Karnataka-560001, *CHENNAI: (Essel VKC Forex) no 11 A, 2nd Floor , Sriman Srinivasan Iyengar, 1st Cross Street, Teynampet, Chennai - 600018 *COIMBATORE: Essel Finance AMC Limited (An Essel Finance Co.), 196/8, Aishwarya Commercial Centre, T.V. Samy Road West, RS Puram Coimbatore - 641002, *HYDERABAD: Moin Court, 6-2-46,A.C Guard, Masabtank, Hyderabad-500004.* Note : These locations are Official Points of Acceptance.Registrar and Transfer Agent : Karvy Fintech Pvt. Ltd. KARVY SELENIUM, Plot number 31 & 32, Tower B, Survey No. 115/22, 115/24 & 115/25, Financial District, Gachibowli, Nanakramguda, Serlingampally Mandal Hyderabad - 500032 Telangana

ESSEL MUTUAL FUND OFFICES

LIST OF POINT OF ACCEPTANCES OF KARVY FINTECH PRIVATE LIMITED (FORMERLY KARVY COMPUTERSHARE PRIVATE LIMITED)• AgARTALA: Bidurkarta Chowmuhani,J N Bari Road,Tripura ( West ),Agartala-799001,Tripura. • AgRA: 1St Floor,Deepak Wasan Plaza, Behind Holiday Inn, Sanjay Place,Agra-282002,Uttar Pradesh.• AHMEDABAD: 201/202 Shail Complex,Opp: Madhusudan House, B/H Girish Cold Drink,Off C G Road, Navrangpura, Ahmedabad-380006,Gujarat.• AJMER: 302, 3rd Floor,Ajmer Auto Building,Opposite City Power House,Jaipur Road; Ajmer-305001,Rajasthan.• AKOLA: Yamuna Tarang Complex, Shop No 30, Ground Floor, N.H. No- 06, Murtizapur Road,Opp Radhakrishna Talkies,Akola-444004,Maharashthra.• ALIgARH: 1St Floor,Kumar Plaza,Ramghat Road,Aligarh-202001,Uttar Pradesh.• ALLAHABAD: Rsa Towers, 2Nd Floor,Above Sony Tv Showroom, 57, S P Marg, Civil Lines,Allahabad-211001,Uttar Pradesh.• ALLEPPY: 1st Floor, Jp Towers,Mullackal,Ksrtc Bus Stand,Alleppy-688011,Kerala.• ALWAR: 101, Saurabh Tower, Opp. Uit, Near Bhagat Singh Circle,Road No.2,Alwar-301001,Rajasthan.• AMARAVATHI: Shop No. 21, 2nd Floor,Gulshan Tower, Near Panchsheel Talkies, Jaistambh Square, Amaravathi-444601,Maharashthra.• AMBALA: 6349, Nicholson Road, Adjacent Kos Hospitalambala Cant,Ambala-133001,Haryana.• AMRITSAR: 72-A,Taylor’S Road,Opp Aga Heritage Club,Amritsar-143001,Punjab.• ANAND: B-42 Vaibhav Commercial Center,Nr Tvs Down Town Shrow Room ,Grid Char Rasta, Anand -380001,Gujarat.• ANANTHAPUR: #15/149,1St Floor,S R Towers,Subash Road,Opp. To Lalitha Kala Parishad,Anantapur-515001,Andhra Pradesh.• ANDHERI: 6 & 7, 131 Andheri Industrial Estate,-,Veera Desai Road,Andheri (west), Mumbai-400 053,Maharashtra.• ANKLESHWAR: L/2 Keval Shopping Center,Old National Highway,Ankleshwar,Ankleshwar-393002,Gujarat.• ASANSOL: 114/71 G T Road,BHANGA PANCHIL NEAR NOKIA CARE,-,Asansol-713303,West Bengal.• AURANgABAD: Ramkunj Niwas ,Railway Station Road,Near Osmanpura Circle,Aurangabad-431005,Maharashthra.• AZAMgARH: 1St Floor,Alkal Building,Opp. Nagaripalika Civil Line,Azamgarh-276001,Uttar Pradesh.• BALASORE: M.S Das Street,Gopalgaon, ,Balasore,Orissa,Balasore-756001,Orissa.• BANgALORE: 59, ,Skanda puttanna Road,Basavanagudi,Bangalore-560004,Karnataka.• BANKURA: Plot nos- 80/1/A,NATUNCHATI MAHALLA, 3rd floor, Ward no-24, Opposite P.C Chandra,Bankura town,Bankura-722101,West Bengal.• BAREILLY: 1ST FLOOR,REAR SIDE,A -SQUARE BUILDING,154-A CIVIL LINES,OPP.D. M. RESIDENCE,STATION ROAD, Bareilly-243001,Uttar Pradesh.• BARHAMPORE (WB): Thakur Market Complex, Gorabazar,Post Berhampore Dist Murshidabad,72 No Nayasarak Road,Barhampore (Wb)-742101,West Bengal.• BARODA: 203, Corner point, Jetalpur Road, Baroda, Gujarat,Baroda-390007,Gujarat.• BEgUSARAI: Near Hotel Diamond Surbhi Complex, O.C Township Gate,Kapasiya Chowk,Begusarai-851117,Bihar.• BELgAUM: Cts No 3939/ A2 A1,Above Raymonds Show Room |Beside Harsha Appliances,Club Road,Belgaum -590001,Karnataka.• BELLARY: Shree Gayathri Towers,#4, 1st Floor, K.H.B.Colony, Gopalaswamy Mudaliar Road, Gandhi Nagar-Bellary-583103,Karnataka.• BERHAMPUR (OR): Opp Divya Nandan Kalyan Mandap,3rd Lane Dharam Nagar, Near Lohiya Motor,Berhampur (Or)-760001,Orissa.• BETUL: 107,1St Floor, Hotel Utkarsh ,| J. H. College Road ,-,Betul-460001,Madhya Pradesh.• BHAgALPUR: 2Nd Floor,Chandralok Complex,Ghantaghar,Radha Rani Sinha Road,Bhagalpur-812001,Bihar. • BHARUCH: Shop No 147-148,Aditya Complex,Near Kasak Circle,Bharuch-392001,Gujarat.• BHATINDA: #2047-A 2Nd Floor,The Mall Road,Above Max New York Life Insurance ,Bhatinda-151001,Punjab.• BHAVNAgAR: 303, STERLING POINT, ,WAGHAWADI ROAD, Bhavnagar-364001,Gujarat.• BHILAI: Shop No -1, First Floor Plot No -1, Commercial Complex Nehru Nagar - East,-,Bhilai-490020,Chatisgarh.• BHILWARA: Shop No. 27-28,1St Floor, Heera Panna Market,Pur Road,Bhilwara-311001,Rajasthan.• BHOPAL: Kay Kay Business Centre,133, Zone I, Mp Nagar,Above City Bank,Bhopal-462011,Madhya Pradesh.• BHUBANESWAR: A/181, Back Side Of Shivam Honda Show Room,Saheed Nagar,-,Bhubaneswar-751007,Orissa.• BIKANER: 70-71, 2Nd Floor | Dr.Chahar Building ,Panchsati Circle,Sadul Ganj ,Bikaner-334003,Rajasthan.• BILASPUR: Shop No -225,226 & 227,2nd Floor,Narayan Plaza, Link Road,-,Bilaspur-495001,Chatisgarh.• BOKARO: B-1, 1St Floor, City Centre, Sector- 4, ,Near Sona Chandi Jwellars,Bokaro-827004,Jharkhand.• BORIVALI: Gomati Smuti,Ground Floor,Jambli Gully, Near Railway Station, Borivali, Mumbai-400 092,Maharashtra.• BURDWAN: Anima Bhavan, 1st Floor, Holding No.-42,Sreepally, G. T. Road,West Bengal,Burdwan-713103,West Bengal.• CALICUT: FIRST FLOOR, SAVITHRI BUILDING,OPP. FATHIMA HOSPITAL,BANK ROAD,Calicut-673001,Kerala.• CHANDIgARH: Sco- 2423-2424, ,Above Mirchi Restaurent, New Aroma Hotel,First Floor, Sector 22-C, Chandigarh-160022,Union Territory.• CHANDRAPUR: Shop No-6 Office No-2,1St Floor Rauts Raghuvanshi Complex,Beside Azad Garden Main Road,Chandrapur-442402,Maharashthra.• CHEMBUR: Shop No 4, Ground Floor, Shram Saflya Bldg,-,N G Acharya Marg,Chembur, Mumbai -400 071,Maharashtra.• CHENNAI: F-11, Akshaya Plaza, 1St Floor,108, Adhithanar Salai,Egmore, Opp To Chief Metropolitan Court,Chennai-600002,Tamil Nadu.• CHINSURA: J C Ghosh Saranu,Bhanga Gara, Chinsurah, Hooghly,-,Chinsurah-712101,West Bengal.• COCHIN: Ali Arcade, 1St Floor,Kizhavana Road,Panampilly Nagar,Near Atlantis Junction,Ernakualm-682036,Kerala.• COIMBATORE: 3rd Floor, Jaya Enclave,1057 Avinashi Road,-,Coimbatore-641018,Tamil Nadu.• CUTTACK: Opp Dargha Bazar Police station,Dargha Bazar, Po - Buxi Bazar, -,Cuttack-753001,Orissa.• DARBHANgA: Jaya Complex,2Nd Floor,Above Furniture Planet,Donar,Chowk,Darbhanga-846003,Bihar.• DAVANgERE: D.No 376/2, 4th Main, 8th Cross, P J Extension, Opp Byadgishettar School,-,Davangere-577002,Karnataka.• DEHRADUN: Kaulagarh Road,Near Sirmaur Margabove,Reliance Webworld,Dehradun-248001,Uttaranchal.• DEORIA: 1St Floor,Shanti niketan,Opp. Zila Panchayat, Civil Lines,Deoria-274001,Uttar pradesh. • DEWAS: 27 Rmo House,Station Road,Above Maa Chamunda Gaes Agency,Dewas-455001,Madhya Pradesh.• DHANBAD: 208 New Market 2Nd Floor,Bank More,-,Dhanbad-826001,Jharkhand.• DHARWAD: 307/9-A 1st Floor, Nagarkar Colony,Elite Business Center,Nagarkar Colony,P B Road,Dharwad-580001,Karnataka.• DHULE: Ground Floor Ideal Laundry, Lane No 4, Khol Galli, Near Muthoot Finance, Opp Bhavasar General Store, Dhule-424001,Maharashthra.• DINDIgUL: No: 9 Old No:4/B, New Agraharam, Palani Road, Dindigul-624001,Tamil Nadu.• DURgAPUR: MWAV-16 BENGAL AMBUJA,2ND FLOOR CITY CENTRE,Distt. BURDWAN, Durgapur-16 ,Durgapur-713216,West Bengal.• ELURU: DNO-23A-7-72/73,K K S PLAZA, MUNUKUTLA VARI STREET,OPP ANDHRA HOSPITALS, R R PETA, Eluru-534002,Andhra Pradesh.• ERODE: No: 4, Veerappan Traders Complex, KMY Salai, Sathy Road,Opp. Erode Bus Stand,Erode-638003,Tamil Nadu.• FARIDABAD: A-2B, 3rd Floor,Neelam Bata Road, Peer ki Mazar, Nehru Groundnit,Faridabad-121001,Haryana.• FEROZPUR: The Mall Road, Chawla Bulding, Ist Floor, Opp. Centrail Jail,Near Hanuman Mandir,Ferozepur-152002,Punjab.• gANDHIDHAM: Shop # 12, Shree Ambica Arcade, Plot # 300,Ward 12. Opp. CG High School, Near HDFC Bank,Gandhidham-370201,Gujarat.• gANDHINAgAR: 123, First Floor,Megh Malhar Complex,Opp. Vijay Petrol Pump, Sector - 11,Gandhinagar-382011,Gujarat. • gAYA: 54 Lal Kothi Compound, Shree Krishna Road, 2nd Floor, North Side, Near Royal Surya Hotel, Gaya-823001,Bihar.• gHAZIABAD: 1St Floor C-7, Lohia Nagar,Ghaziabad-201001,Uttar Pradesh.• gHAZIPUR: 2Nd Floor,Shubhra Hotel Complex,Mahaubagh,Ghazipur-233001,Uttar Pradesh.• gONDA: Shri Market,Sahabgunj,Station Road,Gonda-271001,Uttar Pradesh.• gORAKHPUR: Above V.I.P. House ajdacent,A.D. Girls College,Bank Road,Gorakpur-273001,Uttar Pradesh.• gULBARgA: Cts No 2913 1St Floor,Asian Towers, Jagath Station Main Road,Next To Adithya Hotel,Gulbarga-585105,Karnataka.• gUNTUR: D No 6-10-27,Srinilayam,Arundelpet,10/1,Guntur-522002,Andhra Pradesh.• gURgAON: Shop No.18, Ground Floor,Sector - 14,Opp. Akd Tower,Near Huda Office,Gurgaon-122001,Haryana.• gUWAHATI: 1st Floor, Bajrangbali Building, Near Bora Service Station, GS Road, -,Guwahati-781007,Assam.• gWALIOR: 2nd Floor, Rajeev Plaza, Jayendra Ganj, Lashkar,-,Gwalior-474009,Madhya Pradesh. • HALDWANI: Above Kapilaz,Sweet House,Opp Lic Building ,Pilikothi, KALADHUNGI ROAD,Haldwani-263139,Uttaranchal.• HARIDWAR: 7, Govindpuri, Opposite 1-india Mart, ,Above Raj Electricals,Ranipur More, Haridwar-249401,Uttaranchal.• HASSAN: SAS no-212,Ground Floor,Sampige Road 1st cross,Near Hotel Souther Star, K R Puram,Hassan -573201,Karnataka.• HISSAR: Sco 71, ,1st Floor, ,Red Square Market, ,Hissar-125001,Haryana.• HOSHIARPUR: 1St Floor, The Mall Tower ,Opp Kapila Hospital ,Sutheri Road ,Hoshiarpur-146001,Punjab.• HUBLI: CTC No.483/A1/A2,Ground Floor ,Shri Ram Palza ,Behind Kotak Mahindra Bank ,Club Road ,Hubli-580029,Karnataka.• HYDERABAD: KARVY HOUSE, No:46, 8-2-609/K,Avenue 4, Street No. 1,Banjara Hills,Hyderabad-500034,Telangana.• HYDERABAD(gACHIBOWLI): KARVY Selenium, Plot No: 31 & 32,Tower B, Survey No.115/22, 115/24, 115/25,Financial District, Gachibowli, Nanakramguda, Serilimgampally Mandal,Hyderabad-500032,Telangana.• INDORE: 2nd floor, 203-205 Balaji Corporate House,Above ICICI bank, 19/1 New Palasia,NearCurewell Hospital, Janjeerwala Square Indore,Indore-452001,Madhya Pradesh.• JABALPUR: 3Rd floor ,R.R. Tower.5, Lajpatkunj,near Tayabali petrol pump ,Jabalpur-482001,Madhya Pradesh.• JAIPUR: S16/A IIIrd Floor,Land Mark Building Opp Jai Club,Mahaver Marg C Scheme,Jaipur-302001,Rajasthan. • JALANDHAR: 1st Floor,Shanti Towers ,SCO No. 37, PUDA Complex, ,Opposite Tehsil Complex,Jalandhar-144001,Punjab.• JALgAON: 269, Jaee Vishwa, 1 St Floor,Baliram Peth, Above United Bank Of India ,Near Kishor Agencies.,Jalgaon. -425001,Maharashthra.• JALPAIgURI: D B C Road Opp Nirala Hotel,Opp Nirala Hotel,Opp Nirala Hotel,Jalpaiguri-735101,West Bengal.• JAMMU: Gupta’s Tower, 2nd Floor, CB-12,Rail Head complex, Jammu-180012,Jammu & Kashmir. • JAMNAgAR: 136-137-138 Madhav Palaza,Opp Sbi Bank,Nr Lal Bunglow,Jamnagar-361001,Gujarat.• JAMSHEDPUR: 2ND FLOOR, R R SQUARE,SB SHOP AREA, NEAR RELIANCE FOOT PRINT & HOTEL- BS PARK PLAZA,MAIN ROAD, BISTUPUR,Jamshedpur-831001,Jharkhand.• JAUNPUR: R N Complex, 1-1-9-G,In Front Of Pathak Honda,Ummarpur,Jaunpur-222002,Uttar Pradesh.• JHANSI: 371/01,Narayan Plaza,Gwalior Road,Near Jeevan Shah Chauraha,Jhansi-284001,Uttar Pradesh.• JODHPUR: 203, Modi Arcade,Chopasni Road ,-,Jodhpur-342001,Rajasthan.• JUNAgADH: 124-125 Punit Shopping Center,M.G Road,Ranavav Chowk,Junagadh-362001,Gujarat.• KANNUR: 2 Nd Floor, Prabhath Complex,Fort Road,Nr.Icici Bank,Kannur-670001,Kerala.• KANPUR: 15/46, B, Ground Floor,Opp: Muir Mills,Civil Lines,Kanpur-208001,Uttar Pradesh.• KARAIKUDI: No. 2,Gopi Arcade,100 Feet Road, -,Karaikudi-630001,Tamil Nadu.• KARIMNAgAR: D.No:2-10-1298,2nd floor,Rathnam Arcade,Jyothi Nagar,Karimnagar-505001,Telangana.• KARNAL: 18/369,Char Chaman,Kunjpura Road,Behind Miglani Hospital,Karnal-132001,Haryana.• KARUR: No.6, old No.1304,Thiru-vi-ka Road, Near G.R.Kalyan Mahal, Karur-639001,Tamil Nadu.• KHARAgPUR: 180 Malancha Road, -,Beside Axis Bank Ltd, Kharagpur-721304,West Bengal.• KOLHAPUR: 605/1/4 E Ward, Shahupuri 2Nd Lane,Laxmi Niwas,Near Sultane Chambers,Kolhapur-416001,Maharashthra.• KOLKATA: Apeejay House ( Beside Park Hotel ),C Block,3rd Floor,15 Park Street, ,Kolkata-700016,West Bengal.• KOLLAM: GROUND FLOOR,A NARAYANAN SHOPPING COMPLEX,KAUSTHUBHSREE BLOCK,Kadapakada,Kollam-691008,Kerala.• KORBA: 1st Floor, City Centre,97 IRCC,Transport Nagar, Korba-495677,Chatisgarh.• KOTA: Plot No. 259, 1st Floor, Near Lala Lajpat Rai Circle,Shopping Centre,Kota-324007,Rajasthan.• KOTTAYAM: 1St Floor Csiascension Square,Railway Station Road,Collectorate P O,Kottayam-686002,Kerala.• KURNOOL: Shop No.43, 1St Floor, S V Complex,Railway Station Road,Near Sbi Main Branch,Kurnool-518004,Andhra Pradesh.• LUCKNOW: Ist Floor,A. A. Complex,5 Park Road, Hazratganj, Thaper House,Lucknow-226001,Uttar Pradesh.• LUDHIANA: Sco - 136 ,1St Floor Above Airtel Showroom ,Feroze Gandhi Market ,Ludhiana-141001,Punjab.• MADURAI: Rakesh towers, 30-C, Ist floor, Bye pass Road, Opp Nagappa motors, Madurai-625010,Tamil Nadu.• MALAPPURAM: First Floor, Peekays Arcade,Down Hill, Malappuram-676505,Kerala.• MALDA: Sahis Tuli, Under Ward No.6, No.1 Govt Colony, English Bazar Municipality, Malda-732101,West Bengal.• MANgALORE: Mahendra Arcade Opp Court Road,Karangal Padi,-,Mangalore-575003,Karnataka.• MARgOA: 2Nd Floor ,Dalal Commercial Complex,Pajifond,Margao -403601,Goa.• MATHURA: Ambey Crown, 2nd Floor,In Front Of Bsa College,Gaushala Road, Mathura-281001,Uttar Pradesh.• MEERUT: 1St Floor,Medi Centreopp Icici Bank,Hapur Road Near Bachha Park,Meerut-250002,Uttar Pradesh.• MEHSANA: FF-21 Someshwar Shopping Mall, Modhera Char Rasta, Mehsana-384002,Gujarat.• MIRZAPUR: Abhay Mandir,Above HDFC Bank, Dankin Gunj,Mirzapur-231001,Uttar Pradesh.• MOgA: 1St Floor,Dutt Road,Mandir Wali Gali,Civil Lines, Barat Ghar ,Moga-142001,Punjab.• MORADABAD: Om Arcade,Parker Road,Above Syndicate Bank,Chowk Tari Khana,Moradabad-244001,Uttar Pradesh.• MORENA: Moti Palace,Near Ramjanki Mandir,Near Ramjanki Mandir,Morena-476001,Madhya Pradesh.• MUMBAI: 24/B, Raja Bahadur Compound,Ambalal Doshi Marg, Behind Bse Bldg,Fort-400001,Maharashthra.• MUZAFFARPUR: First Floor, Shukla Complex, Near ICICI Bank,Civil Court Branch, Company Bagh, Muzaffarpur-842001,Bihar.• MYSORE: L-350,Silver Tower, Ashoka Road,Opp.Clock Tower ,Mysore -570001,Karnataka.• NADIAD: 104/105,Near Paras Cinema,City Point Nadiad,Nadiad-387001,Gujarat.• NAgERKOIL: HNO 45, 1st Floor,East Car Street, Nagercoil-629001,Tamil Nadu.• NAgPUR: Plot No 2/1 House No 102/1,Mata Mandir Road,Mangaldeep Appartment Opp Khandelwal Jewelers, Dharampeth,Nagpur-440010,Maharashthra.• NAMAKKAL: 105/2, Arun Towers, Paramathi Road,-,Namakkal-637001,Tamil Nadu.• NANDED: Shop No.4 ,Santakripa Market, G G Road,Opp.Bank Of India,Nanded-431601,Maharashthra.• NASIK: S-9, Second Floor,Suyojit Sankul,Sharanpur Road,Nasik-422002,Maharashthra.• NAVSARI: 103, 1ST FLOORE LANDMARK MALL,NEAR SAYAJI LIBRARY, Navsari Gujarat, Navsari-396445,Gujarat.• NELLORE: 16-2-158, 3rd floor, Mogarala Complex, Sunday Market Lane,Pogathota, Nellore-524001,Andhra Pradesh.• NEW DELHI: 305 New Delhi House ,27 Barakhamba Road, New Delhi -110001,New Delhi .• NIZAMABAD: H No:5-6-430,Above Bank Of Baroda First Floor,Beside Hdfc Bank,Hyderabad Road,Nizamabad-503003,Telangana.• NOIDA: 405,4th Floor,Vishal Chamber,Plot No.1,Sector-18, Noida-201301,Uttar Pradesh.• PALgHAT: No: 20 & 21 ,Metro Complex H.P.O.Road Palakkad,H.P.O.Road,Palakkad-678001,Kerala.• PANIPAT: JAVA Complex, 1st Floor, Above Vijaya Bank, G T Road, Panipat-132103,Haryana.• PANJIM: Flat No.1-A, H. No. 13/70, Timotio Bldg,Heliodoro Salgado Road, Next to Navhind Bhavan (Market Area),Panjim-403001,Goa.• PATHANKOT: 2nd Floor, Sahni Arcade Complex,Adj.Indra colony Gate Railway Road,Pathankot,Pathankot-145001,Punjab.• PATIALA: Sco 27 D, Chotti Baradari ,Near Car Bazaar, Patiala-147001,Punjab.• PATNA: 3A, 3Rd Floor Anand Tower,Exhibition Road,Opp Icici Bank,Patna-800001,Bihar.• POLLACHI: 146/4,Ramanathan Building ,1st Floor New Scheme Road, Pollachi-642002,Tamil Nadu.• PONDICHERRY: Building No:7, 1st Floor, Thiayagaraja Street, ,-,Pondicherry-605001,Pondicherry .• PUDUKOTTAI: Sundaram Masilamani Towers, Ts No. 5476 - 5479, Pm Road, Old Tirumayam Salai,Near Anna Statue, Jublie Arts, Pudukottai-622001,Tamil Nadu.• PUNE: Mozaic Bldg, CTS No.1216/1, Final,Plot No.576/1 TP, Scheme No.1, ,F C Road, Bhamburda, ,Shivaji Nagar, Pune-411004,Maharashthra.• RAIPUR: OFFICE NO S-13, SECOND FLOOR, REHEJA TOWER,FAFADIH CHOWK,JAIL ROAD,Raipur-492001,Chatisgarh.• RAJAHMUNDRY: D.No.6-1-4,Rangachary Street, T.Nagar, Near Axis Bank Street,Rajahmundry-533101,Andhra Pradesh.• RAJAPALAYAM: Sri Ganapathy Complex, 14B/5/18, T P Mills Road, Virudhungar Dist,Rajapalayam-626117,Tamil Nadu.• RAJKOT: 302, Metro Plaza, ,Near Moti Tanki Chowk,Rajkot,Rajkot, Gujarat,-360001,Gujarat.• RANCHI: Room No 307 3Rd Floor ,Commerce Tower ,Beside Mahabir Tower ,Ranchi-834001,Jharkhand.• RATLAM: 1 Nagpal Bhawan, Free Ganj Road ,Do Batti ,Near Nokia Care ,Ratlam-457001,Madhya Pradesh.• RENUKOOT: Radhika Bhavan ,Opp. Padmini Hotel,Murdhwa,Renukoot ,Renukoot-231217,Uttar Pradesh.• REWA: Ist Floor, Angoori Building,Besides Allahabad Bank,Trans University Road, Civil Lines,Rewa-485001,Madhya Pradesh.• ROHTAK: 1st Floor, Ashoka Plaza, ,Delhi Road, ,Rohtak-124001,Haryana.• ROORKEE: Shree Ashadeep Complex, 16,Civil Lines,Near Income Tax Office,Roorkee-247667,Uttaranchal.• ROURKELA: 1St Floor Sandhu Complex, Kachery Road, Uditnagar,-,Rourekla-769012,Orissa.• SAgAR: II floor ,Above shiva kanch mandir.,5 civil lines, Sagar,Sagar-470002,Madhya Pradesh.• SAHARANPUR: 18 Mission Market,Court Road,-,Saharanpur-247001,Uttar Pradesh.• SALEM: NO 3/250 ,Brindavan Road,6th Cross,Perumal kovil back side, Fairland’s,Salem-636016,Tamil Nadu.• SAMBALPUR: Koshal Builder Complex, Near Goal Bazaar Petrol pump, Sambalpur-768001,Orissa.• SATNA: 1St Floor, Gopal Complex, Near Bus Stand,Rewa Road, Satna-485001,Madhya Pradesh.• SECUNDERABAD: Crystal Plaza 2nd Floor, Manday Lane, Near Sunshine Hospital, P G Road, Secunderabad-500 003,Telangana.• SHAKTINAgAR: 1St/A-375, V V Colony, Dist Sonebhadra,Shaktinagar-231222,Uttar Pradesh. • SHILLONg: Annex Mani Bhawan ,Lower Thana Road ,Near R K M Lp School, Shillong-793001,Meghalaya.• SHIMLA: Triveni Building, By Pas Chowkkhallini, Shimla-171002,Himachal Pradesh.• SHIMOgA: Sri Matra Naika Complex,1St Floor, Above Shimoga Diagnostic Centre, Llr Road, Durgigudi, Shimoga-577201,Karnataka.• SHIVPURI: 1St Floor,M.P.R.P. Building, Near Bank Of India,Shivpuri-473551,Madhya Pradesh.• SIKAR: First Floor,Super Tower, Behind Ram Mandir Near Taparya Bagichi, Sikar -332001, Rajasthan.• SILCHAR: N.N. Dutta Road, Chowchakra Complex,Premtala,Silchar-788001,Assam.• SILIgURI: Nanak Complex,Sevoke Road,-,Siliguri-734001,West Bengal.• SITAPUR: 12/12-A Sura Complex,Arya Nagar Opp,Mal Godam,Sitapur-261001,Uttar Pradesh.• SIVAKASI: 363,Thiruthangal Road,Opp: TNEB,Sivakasi-626123,Tamil Nadu.• SOLAN: Sahni Bhawan,Adjacent Anand Cinema Complex,The Mall,Solan-173212,Himachal Pradesh.• SOLAPUR: Block No 06,Vaman Nagar, Opp D-Mart,Jule Solapur,Solapur-413004,Maharashthra.• SONEPAT: 205 R Model Town,Above Central Bank Of India,-,Sonepat-131001,Haryana.• SRI gANgANAgAR: 35E Block,Opp: Sheetla Mata Vaateka Sri Ganganagar,-,Sri Ganganagar-335001,Rajasthan.• SRIKAKULAM: D No 4-4-97, First Floor, Behind Sri Vijayaganapathi Temple, Pedda relli veedhi, ,Palakonda Road, Srikakulam-532001,Andhra Pradesh. • SULTANPUR: 1077/3, Civil Lines Opp Bus Stand ,Civil Lines,-,Sultanpur-228001,Uttar Pradesh. • SURAT: Office no: -516, 5th Floor, Empire State building, ,Near Udhna Darwaja,Ring Road,Surat-395002,Gujarat.• T NAgAR: G1, Ground Floor, No 22, Vijayaraghava Road,Swathi Court, T Nagar,Chennai-600 017,Tamilnadu.• THANE: FLAT NO. 201, 2ND FLOOR, ”MATRU CHHAYA” BLDG., ABOVE REJEWEL JEWELLERY SHOWROOM,OPP. BEDEKAR HOSPITAL, NEAR GAODEVI GROUND,Mumbai-400 602,Maharashtra.• THANJAVUR: No. 70, Nalliah Complex,Srinivasam Pillai Road, -,Tanjore-613001,Tamil Nadu.• THODUPUZHA: First Floor, Pulimoottil Pioneer,Pala Road,-,Thodupuzha-685584,Kerala.• TIRUNELVELI: 55/18, Jeney Building,S N Road,Near Aravind Eye Hospital,Tirunelveli-627001,Tamil Nadu.• TIRUPATHI: H.No:10-13-425,1st Floor, Tilak Road, ,Opp: Sridevi Complex, Tirupathi-517501,Andhra Pradesh. • TIRUPUR: First floor, 244 A, Above Selvakumar Dept stores,Palladam Road,Opp to Cotton market complex,Tirupur-641604,Tamil Nadu.• TIRUVALLA: 2Nd Floor,Erinjery Complex,Ramanchira,Opp Axis Bank,Thiruvalla-689107,Kerala.• TRICHUR: 2Nd Floor, Brothers Complex, Naikkanal Junction, Shornur Road, Near Dhanalakshmi Bank H O,Thrissur-680001,Kerala. • TRICHY: 60, Sri Krishna Arcade,Thennur High Road, Trichy-620017, Tamil Nadu.• TRIVANDRUM: 2Nd Floor, Akshaya Tower,Sasthamangalam,Trivandrum-695010,Kerala.• TUTICORIN: 4 - B, A34 - A37, Mangalmal Mani Nagar, Opp. Rajaji Park, Palayamkottai Road, Tuticorin-628003,Tamil Nadu.• UDAIPUR: 201-202,Madhav Chambers,Opp G P O, Chetak Circle ,Udaipur-313001,Rajasthan.• UJJAIN: 101 Aashta Tower,13/1 Dhanwantri Marg,Freeganj,Ujjain-456010,Madhya Pradesh.• VALSAD: Shop No 2, Phiroza Corner,Opp Next Show Room,Tithal Road,Valsad-396001,Gujarat.• VAPI: Shop No-12, Ground Floor,Sheetal Appatment,Near K P Tower,Vapi-396195,Gujarat.• VARANASI: D-64/1321St Floor,Anant Complex,Sigra,Varanashi-221010,Uttar Pradesh.• VASHI: Shop no. 153 B, Ground Floor,Vashi Plaza,Sector-17,Near Apna Bazar, Vashi, Mumbai-400 705,Maharashtra.• VELLORE: No. 6, NEXUS Towers, ,2nd Floor, Officer’s Line, Above Peter England & Bata Showroom opp. To Voorhees School,Vellore-632001,Tamil Nadu.• VIJAYANAgARAM: Soubhagya, 19-6-1/3,2Nd Floor, Near Fort Branch,Opp: Three Temples,Vizianagaram-535002,Andhra Pradesh.• VIJAYAWADA: 39-10-7,Opp: Municipal Water Tank,Labbipet,Vijayawada-520010,Andhra Pradesh.• VILE PARLE: 104, Sangam Arcade, V P Road,Opp: Railway Station ,Above Axis Bank Atm,Vile Parle (west), Mumbai-400 056,Maharashtra.• VISAKHAPATNAM: Door No: 48-8-7,Dwaraka Diamond, Ground Floor,Srinagar,Visakhapatnam-530016,Andhra Pradesh.• WARANgAL: H.NO. 1-8-533, BESIDE: SUPRABHA HOTEL, NAKKALAGUTTA, WARD NO.1, HANAMKONDA,Warangal-506001,Telangana.• YAMUNA NAgAR: Jagdhari Road,Above Uco Bank,Near D.A.V. Girls College,Yamuna Nagar-135001,Haryana.

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may, 2019 - fundsupermart · 2019-07-08 · 3 from cio’s desk source : reuters,bloomberg, rbi...

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