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KEY INFORMATION MEMORANDUM &

COMMON APPLICATION FORM

2

CONTINUOUS OFFER OF UNITS AT NAV - BASED PRICESThis Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/Mutual Fund, due diligence certificate by the AMC, key personnel, investors’ rights & services, risk factors, penalties & pending litigations, associate transactions etc. investors should, before investment, refer to the Scheme Information Document available free of cost at any of the Investor Service Centres or distributors or from the website www.saharamutual.com. The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM. Sponsor : Sahara India Financial Corporation Limited, Sahara India Bhawan, 1, Kapoorthala Complex, Lucknow - 226 024, Uttar Pradesh, India. Investment Manager : Sahara Asset Management Company Private Limited, Registered & Corporate Office : 97-98, 9th Floor, Atlanta, Nariman Point, Mumbai - 400 021., Maharashtra, India. Trustees : Board of Trustees

SAHARA MUTUAL FUNDKey Information Memorandum and Common Application Form

Corporate Office:97-98, 9th Floor, Atlanta,

Nariman Point,Mumbai-400 021., India.

• SAHARA LIQUID FUND The investment objective is to create a highly liquid portfolio of good quality

debt as well as money market instruments with a view to provide high liquidity and reasonable returns to the unit holders, while at all times emphasizing the importance of capital preservation.

This product is suitable for investors who are seeking• regular income generation in short term to medium term• highly liquid portfolio of money market debt instruments• low risk.

• SAHARA INCOME FUND The primary objective of the scheme is to generate income by investing in a

portfolio of corporate and sovereign debt instruments and at the same time provide continuous liquidity along with reasonable safety.

This product is suitable for investors who are seeking• regular income/capital appreciation in short, medium and long term• investment in Money Market Instruments, Corporate Debt & Govt.

Securities.• Moderately low risk.

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

(Investors understand that their principal will be at low risk)(Investors should consult their financial advisers if in doubt about whether the product is suitable for them.)

SAHARA GILT FUND

• SAHARA INTERVAL FUND QUARTERLY PLAN - SERIES I The investment objective is to generate returns with low volatility through a

portfolio of debt and money market instruments with a provision to offer liquidity at periodic intervals.

This product is suitable for investors who are seeking• to generate reasonable return at periodic intervals in short, medium

term • investment in Debt/Money Market Instruments/Govt. Securities.• low risk.

(Investors understand that their principal will be at moderately low risk)(Investors should consult their financial advisers if in doubt about whether the product is suitable for them.)




INVESTMENT OBJECTIVE

The primary investment objective of the Scheme is to generate resonable returns by investing in sovereign securities issued by the Central Government and/or State Government and/or any security unconditionally guaranteed by the Government of India.

This product is suitable for investors who are seeking• regular income generation/capital appreciation for short , medium and long

term• investment in Government Securities and government guaranteed debt

securities / T - bills / Overnight money market instruments• Moderately low risk.

3

(Investors understand that their principal will be at high risk)(Investors should consult their financial advisers if in doubt about whether the product is suitable for them.)

(Investors understand that their principal will be at moderately high risk)(Investors should consult their financial advisers if in doubt about whether the product is suitable for them.)



(Investors understand that their principal will be at moderately high risk)(Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

• SAHARA SHORT TERM BOND FUND The investment objective is to generate optimal returns consistent with

moderate levels of risk and liquidity by investing in debt securities and money market securities.

This product is suitable for investors who are seeking• regular fixed income for short term to medium term• investment in Debt/Money Market Instruments.• Moderately low risk.

• SAHARA CLASSIC FUND The investment objective of the scheme is to generate returns by

investing mainly in debt and debt related instruments including money market instruments and also to invest a portion of the fund in equity and equity related instruments to seek capital appreciation.

This product is suitable for investors who are seeking• regular income generation/capital appreciation in short, medium and

long term• investment in various debt securities and equity and equity related

instruments.• Moderately High risk.

• SAHARA TAX GAIN FUND The basic objective of Sahara Tax Gain Fund is to provide immediate tax

relief and long term growth of capital to investors. This scheme is suitable for investors who are seeking

• Long Term Capital Growth;• Investment in Equity & equity related securities including equity

derivatives.• Moderately High Risk



• SAHARA GROWTH FUND The investment objective of the Scheme is to achieve capital appreciation

by investing in equity and equity-related instruments.This scheme is suitable for investors who are seeking • Long Term Capital Growth;• Investment in Equity & equity related securities including equity

derivatives.• Moderately High Risk.

• SAHARA MID-CAP FUND An open-ended Growth Fund with an objective to achieve long term capital

growth at medium level of risks by investing primarily in mid–cap stocks.This scheme is suitable for investors who are seeking • Long Term Capital Growth;• Investment in Equity & equity related securities including equity


• SAHARA WEALTH PLUS FUND The primary objective of the scheme would be to invest in equity and equity

related instruments of companies that would be wealth builders in the long term.

This scheme is suitable for investors who are seeking • Long Term Capital Growth;• Investment in Equity & equity related securities including equity


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• SAHARA INFRASTRUCTURE FUND The investment objective would be to provide income distribution and / or

medium to long term capital gains by investing in equity / equity related instrument of companies mainly in the infrastructure sector.


derivatives, predominantly in the infrastructure sector.• High Risk.


• SAHARA R.E.A.L FUND : The investment objective would be to provide long term capital gains by

investing predominantly in equity / equity related instrument of companies in the Retailing, Entertainment & Media, Auto & auto ancillaries and Logistics sector.This scheme is suitable for investors who are seeking • Long Term Capital Growth;• Investment in Equity & equity related securities including equity

derivatives, in the Retailing, Entertainment & Media, Auto & auto ancillaries and Logistics sector.

• High Risk.


• SAHARA POWER & NATURAL RESOURCES FUND: The investment objective is to generate long term capital appreciation through

investment in equities and equity related securities of companies engaged in the business of generation, transmission, distribution of Power or in those companies that are engaged directly or indirectly in any activity associated in the power sector or principally engaged in discovery, development, production, processing or distribution of natural resources.


derivatives in the power & natural resources sector.• High Risk.


• SAHARA BANKING & FINANCIAL SERVICES FUND The investment objective would be to provide long term capital appreciation

through investment in equities and equities related securities of companies whose business comprise of Banking / Financial services, either whole or in part.This scheme is suitable for investors who are seeking • Long Term Capital Growth;• Investment in Equity & equity related securities including equity

derivatives, in the Banking & Financial Services sector.• High Risk

• SAHARA SUPER 20 FUND The investment objective would be to provide long term capital appreciation

by investing in predominantly equity and equity related securities of around 20 companies selected out of the top 100 largest market capitalization companies, at the point of investment.This scheme is suitable for investors who are seeking • Long Term Capital Growth;• Investment in Equity & equity related securities including equity

derivatives of the Top 100 companies by market capitalisation.• Moderately High Risk

• SAHARA STAR VALUE FUND : The investment objective is to provide long term capital appreciation by

investing predominantly in equity / equity related instruments of select companies based on value parameters.This scheme is suitable for investors who are seeking • Long Term Capital Growth;• Investment in Equity & equity related securities including equity





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DESPATCH OF REPURCHASE (REDEMPTION) REQUESTAs per SEBI regulations the redemptions cheques have to be dispatched within 10 working days of the receipt of the redemption request at the authorised centre of the Sahara Mutual Fund.

BENCHMARK INDEXSchemes BenchmarkSahara Liquid Fund CRISIL Liquid Fund IndexSahara Income Fund CRISIL Composite Bond Fund IndexSahara Gilt Fund I-Sec Composite IndexSahara Classic Fund CRISIL MIP Blended IndexSahara Interval Fund CRISIL Liquid Fund IndexSahara Short Term Bond Fund CRISIL Liquid Fund IndexSahara Tax Gain Fund S & P BSE 200Sahara Growth Fund / Infrastructure Fund S & P CNX NiftySahara Mid-Cap Fund / Wealth Plus Fund CNX Midcap / S & P CNX 500Sahara Power & Natural Resources Fund CNX NiftySahara Banking & Financial Services Fund CNX Bank IndexSahara Super 20 Fund CNX NiftySahara Star Value Fund S & P BSE 200Sahara R.E.A.L Fund S & P CNX NIFTY

The normal asset allocation shown above is indicative and may be altered from time to time on defensive considerations.

MINIMUM APPLICATION AMOUNT / NUMBER OF UNITS Schemes Minimum Application Amount (`) Repurchase (`)Sahara Liquid Fund `10000/- & additional amt. of ` 5000/- & Multiples of `1000/- multiples of ` 1/- Sahara Income Fund `3000/- & additional amt. of `1000/- & Multiples of ` 1/- multiples of ` 1/-Sahara Gilt Fund `5000/- & additional amt. of `1000/- & Multiples of ` 1/- multiples of ` 1/-Sahara Classic Fund `1000/- under Growth Opt. and `5000/- Multiples of ` 1/- under Dividend Opt. and additional amount of `1000/-Sahara Interval Fund `5000/- and in multiples of `1000/- `1/- thereafter.Sahara Short Term `5000/- and in multiples of `1/- `5000/- Bond Fund thereafterSahara Tax Gain Fund `500/- & additional amount in Multiples of `1/- multiples of `500/- Sahara Growth Fund `3000/- & additional amt. of `500/- & Multiples of `1/- multiples of ` 1/-Sahara Mid-Cap Fund `1000/- & additional amount of `500/- & Minimum of 1000/- multiples of ` 1/-Sahara Wealth Plus `1000/- & additional amount of `500/- & Multiples of `1/- Fund multiples of ` 1/-Sahara Infrastructure `1000/- under Growth Opt. and `5000/- `500/- & in Fund under Dividend Opt. and additional multiples of `1/- amount of `500/- and in multiples of `1/- Sahara R.E.A.L Fund `5000/- and in multiples of `1/- `1000/- & in thereafter. multiples of `1/-Sahara Power & `5000/- and in multiples of `1/- `1000/- Natural Resources Fund thereafterSahara Banking & `5000/- and in multiples of `1/- `1000/- Financial Services Fund thereafterSahara Super 20 Fund `5000/- and in multiples of `1000/- `1/- thereafter. Sahara Star Value Fund `5000/- and in multiples of `1000/- `1/- thereafter.

Scheme Types of Instruments % of Net Assets*

Sahara Liquid Fund • Debt instruments (Incl. Sec. Debt) 0-75% • Money Market Instruments 25-100%

Sahara Income Fund • Debt instruments (Incl. Sec. Debt) 0-100% • Money Market Instruments 0-100%

Sahara Gilt Fund • Central Govt. Securities 0-100% & T Bill / State Govt. Securities* • CBLO/ Call Market/ Reverse Repo 0-100% or similar instruments*

Sahara Classic Fund • Debt and Money Market Instruments 70-100% • Equity and Equity related instruments 0-30%

Sahara Interval Fund • Money Market Instruments 0-100% Quarterly Plan • Government Securities issued by 0-100% Series I Central &/or State Government & other fixed income / debt securities including but not limited to corporate bonds and securitized debt.

Sahara Short Term • Debt Instruments including Government 0-100% Bond Fund Securities, Corporate Debt, Other debt instruments and Money Market Instruments with average maturity less than equal to 12 months • Debt Instruments including Government 0-50% Securities, Corporate Debt and other debt Instruments with average maturity greater than 12 months

Sahara Tax Gain Fund • Equity and Equity related instruments 85-100% • Debt and Money Market Instruments 0-15%

Sahara Growth Fund • Equity and Equity related instruments 80-100% • Debt and Money Market Instruments 0-20%

Sahara Mid Cap Fund • Equity and Equity related instruments 65-100% Sahara Super 20 Fund • Debt and Money Market Instruments Sahara Star Value Fund (Including Securitised Debt)

Sahara Wealth Plus • Equity and Equity related instruments 70-100% Fund • Debt and Money Market Instruments 0-30% (Including Securitised Debt)

Sahara Infrastructure • Equity and Equity related instruments 70-100% Fund • Debt and Money Market Instruments 0-30% (Including Securitised Debt) 0-20%

Sahara Power & Natural • Equity and Equity related instruments 65-100% Resources Fund • Debt and Money Market Instruments 0-35%

Total exposure of debt-oriented schemes in a particular sector (excluding investments inBank CDs, CBLO, G-Secs, T-Bills and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) shall not exceed 30% of the net assets of the scheme.

The Scheme shall have an additional exposure to financial services sector (over and abovethe limit of 30%) not exceeding 10% of the net assets of the scheme in Housing FinanceCompanies (HFCs) only. The additional exposure to such securities issued by HFCs wouldbe rated AA and above and these HFCs shall be registered with National Housing Bank(NHB) and the total investment/ exposure in HFCs shall not exceed 30% of the net assetsof the scheme.

(Including Securitised Debt)

Sahara Banking & Financial Services Fund •

Equity and Equity related instruments 75-100% • Debt and Money Market Instruments 0-25%

(Including Securitised Debt)

Sahara R.E.A.L Fund •

Equity and Equity related instruments 65-100% • Debt and Money Market Instruments

Rated Securitised debt(Including Securitised Debt)

ASSET ALLOCATION PATTERN OF THE SCHEME

0-35%

0-35%0-20%

NAME OF FUND MANAGERSchemes NameSahara Liquid Fund, Sahara Income Fund, Sahara Gilt Fund, Sahara Short Term Bond Fund, Sahara Interval Fund, Ashwini Kumar Sahara Tax Gain Fund, Sahara Growth Fund, A. N. Sridhar Sahara Wealth Plus Fund, Sahara Infrastructure Fund, Sahara Midcap Fund, Sahara R.E.A.L Fund,

Sahara Classic Fund

Sahara Power & Natural Resources Fund, Sahara Banking & Financial Services Fund,Sahara Super 20 Fund, Sahara Star Value Fund

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PERFORMANCE OF SCHEME AS ON 30/04/2015SAHARA Tax Gain Fund

CompoundedAnnualized Returns

SchemeReturns %

S&P BSE200%

Returns for the last 1 year

Returns for the last 3 years

Returns for the last 5 yearsReturns since inception(1/4/1997)

24.46

16.86

11.28

23.66

27.42

17.03

8.95

13.75

SAHARA Growth FundCompounded

Annualized Returns

SchemeReturns %

S&P CNX

Nifty%Returns for the last 1 year



21.77

14.96

8.31

21.29

22.18

15.95

9.16

17.94

SAHARA Mid Cap FundCompounded

Annualized Returns

SchemeReturns %

CNXMidcap

%Returns for the last 1 year



37.96

21.96

12.49

17.38

44.47

19.31

9.49

15.03

SAHARA Wealth Plus FundCompounded

Annualized Returns

SchemeReturns %(VPO/FPO)

S&P CNX500%




36.09/34.68

23.14/21.93

15.26/14.20

15.23/14.30

28.43

17.33

9.09

12.60

SAHARA Infrastructure FundCompounded

Annualized Returns

SchemeReturns% (VPO/FPO)

S&P CNX

Nifty %Returns for the last 1 year



33.97/32.63

12.09/11.01

2.36/1.43

7.74/6.86

22.18

15.95

9.16

9.90

SAHARA R.E.A.L. FundCompounded

Annualized Returns

SchemeReturns %

CNXNifty%




49.89

23.63

11.40

4.91

22.18

15.95

9.16

4.99

SAHARA Banking &Financial Services Fund


SchemeReturns %

CNXBank

Index %Returns for the last 1 year



39.31

18.79

11.10

25.92

42.64

21.29

13.18

17.99

SAHARA Power &Natrural Resources Fund


SchemeReturns %

S&P CNX

Nifty %Returns for the last 1 year



17.23

9.46

2.09

5.66

22.18

15.95

9.16

8.56

Folios: 5021 AUM in Lakhs: 1018.30 Folios:1187 AUM in Lakhs: 749.50 Folios: 4058 AUM in Lakhs: 986.82

Folios: 5236 AUM in Lakhs: 1097.48

Folios: 3066 AUM in Lakhs: 504.40

Folios: 1451 AUM in Lakhs: 429.72 Folios: 2834 AUM in Lakhs: 1151.55 Folios: 1015 AUM in Lakhs: 249.60

` ` `

` ` `

`

`

12.70

-1.04 -0.57

27.21 28.9601

8.15

-9.28

6.0317.19

31.9317

-50.00

-30.00

-10.00

10.00

30.00

50.00

70.00

90.00

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Tax gain

S & P BSE 200

5.40

-5.02

0.75

21.45

25.6305

11.14

-9.23

7.31

17.98

26.6520

-15.00

-10.00

-5.00

0.00

5.00

10.00

15.00

20.00

25.00

30.00

2010-11 2011-12 2012-13 2013-14 2014-15

Growth Fund

S&P CNX Nifty

7.33

-1.62

13.0033.76

46.6780

4.35

-4.09

11.6516.36

50.9588

-50.00

-20.00

10.00

40.00

70.00

100.00

130.00

160.00

2010-11 2011-12 2012-13 2013-14 2014-15

Midcap Fund CNX MIDCAP

14.02

-3.67

6.88

29.85

41.6888

7.26

-8.75

5.13

17.72

33.56

-20

-10

0

10

20

30

40

50

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Wealth Plus Fund - Variable Pricing

S&P CNX 500 Index

13.05

(4.47)

5.89

28.61

40.3112

7.26

(8.75)

5.13

17.72

33.5569

-20

0

20

40

60

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Wealth Plus Fund - FIXED Pricing

S&P CNX 500 Index

-8.63 -6.40-10.07

11.29

38.6505

11.14

-9.23

7.31

17.98

26.652

-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Infrastructure - Variable Pricing

CNX Nifty

(9.41) (7.18)(10.90)

10.23

37.3548

11.14

(9.23)

7.31

17.78

26.652

(40.00)

(30.00)

(20.00)

(10.00)

0.00

10.00

20.00

30.00

40.00

50.00

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Infrastructure Fund - Fixed Pricing

CNX Nifty

0.30

-4.25 -3.45

26.25

59.1528

11.14

-9.23

7.31 17.98

26.652

-10.00

10.00

30.00

50.00

70.00

90.00

110.00

2010-11 2011-12 2012-13 2013-14 2014-15

SAHARA R.E.A.L FUND

CNX Nifty

25.13

-11.32

7.32 9.99

38.5082

23.74

-12.75

11.25 12.15

42.8864

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

2010-11 2011-12 2012-13 2013-14 2014-15

SAHARA Banking & FS Fund

CNX BANK Nifty

(1.59)-7.78

-12.45

22.0520.1172

11.14

-9.23

7.31

17.98

26.652

(15.00)

(10.00)

(5.00)

0.00

5.00

10.00

15.00

20.00

25.00

30.00

2010-11 2011-12 2012-13 2013-14 2014-15

SAHARA Power & NR Fund

CNX Nifty

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PERFORMANCE OF SCHEME AS ON 30/04/2015SAHARA Star Value Fund


SchemeReturns %

S&P BSE200%



Returns since inception(14/09/2009)

25.21

13.20

9.26

27.42

17.03

10.20

SAHARA Super 20 FundCompounded

Annualized Returns

SchemeReturns %

CNXNifty%




19.16

12.22

8.39

22.18

15.95

10.38

SAHARA Gilt FundCompounded

Annualized Returns

SchemeReturns %

I-Sec Composite

Index Returns %



Returns for the last 5 yearsReturns since inception(22/02/2002 )

7.92

7.95

7.43

6.68

14.81

10.18

8.75

NA***

SAHARA Liquid FundCompounded

Annualized Returns

SchemeReturns %VPO/FPO

CRISILLiquid

Fund IndexReturns%




8.10/7.86

8.51/8.35

8.47/8.36

7.90/7.19

8.92

8.85

8.3311

7.41/NA***

SAHARA Income FundCompounded

Annualized Returns

SchemeReturns %




7.99

8.41

8.40

7.66

13.73

9.10

7.99

NA***

SAHARA Interval FundCompounded

Annualized Returns

SchemeReturns %




7.85

8.05

8.07

7.95

8.92

8.85

8.33

7.65

Folios: 528 AUM in Lakhs: 169.51 Folios: 317 AUM in Lakhs: 66.37 Folios: 23 AUM in Lakhs: 4.12

Folios: 320 AUM in Lakhs: 6168.20 Folios: 255 AUM in Lakhs: 542.76 Folios: 46 AUM in Lakhs: 8.89***As base date of index 31/3/2002 ***As base date of index 31/3/2002

***As base date of index 31/3/2002

CRISILComposite

BondFund IndexReturns%

CRISILLiquid

Fund IndexReturns%

`

`

SAHARA Short Term Bond Fund CompoundedAnnualized Returns

SchemeReturns %




7.94

8.43

8.79

8.92

8.85

7.45

SAHARA Classic FundCompounded

Annualized ReturnsScheme

Returns%




7.74

8.20

8.21

9.22

15.09

10.25

8.35

7.61

Folios: 249 AUM in Lakhs:209.30 Folios: 63 AUM in Lakhs: 18.12

CRISILLiquid

Fund IndexReturns%

CRISILMIPEX

Returns%

` `

` `

` `

The graphical representation reflects the returns for each of the last 5 financial years.

The performance of the schemes shown in the table is as of 30th April, 2015.

Returns for the last 5 years 9.34 8.33

Returns for the last 5 years 6.57 8.95 Returns for the last 5 years 7.54 9.16

(1.22)

2.78

(14.39)

28.56

34.863

8.15

(9.28)

6.03

17.19

31.9317

(15.00)

(10.00)

(5.00)

0.00

5.00

10.00

15.00

20.00

25.00

30.00

35.00

2010-11 2011-12 2012-13 2013-14

SAHARA Star value Fund S & P BSE 200

4.51

0.11 0.81

18.9220.58

11.14

(9.23)

7.31

17.98

26.65

(10.00)

(6.00)

(2.00)

2.00

6.00

10.00

14.00

18.00

22.00

26.00

2010-11 2011-12 2012-13 2013-14 2014-15

SAHARA Super 20 Fund CNX Nifty

5.23

7.63 7.80 8.08 7.96426.41 6.79

11.64

3.91

15.5785

0.00

5.00

10.00

15.00

20.00

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Gilt Fund

I-SEC Composite Gilt Index

6.67

9.458.83 8.54

8.0485

6.21

8.44 8.17

9.468.9757

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Liquid Fund - Fixed Pricing Option CRISIL LIQUIFEX

6.62

9.52 8.95 8.52 8.9085

5.07

7.689.24

4.32

14.5406

0

5

10

15

20

2010-11 2011-12 2012-13 2013-14 2014-15

SAHARA Income Fund Crisil Composite Bond Index

6.43

9.098.47

8.21 7.8993

6.21

8.44 8.17

9.468.9814

0.00

2.00

4.00

6.00

8.00

10.00

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Interval Fund CRISIL Liquid Fund

6.68

14.35

8.688.71 8.1924

6.21

8.44 8.17

9.46 8.9814

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Short Term Bond Fund

CRISIL Liquid Fund

6.519.27 8.70 8.50 7.8092

6.175.24

9.06

6.43

16.3932

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

18.00

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Classic Fund

CRISIL MIP Blended Index

6.68

9.498.96 8.70 8.268

6.21

8.44 8.229.46 8.976

0.00

2.00

4.00

6.00

8.00

10.00

2010-11 2011-12 2012-13 2013-14 2014-15

Sahara Liquid Fund - Variable Pricing Option CRISIL LIQUIFEX

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For Sahara Wealth Plus Fund & Sahara Infrastructure FundVariable Pricing Option : Concept - The scheme offers two options which differ only in the manner in which AMC fees is charged to each. While the normal Fixed Pricing Option continues with the industry practice of charging complete AMC fees on a daily basis, under the Variable Pricing Option, the AMC fee charged changes based on the schemes performance on a daily basis. IMA fees = Maximum Permissible Expenses - Third Party Expenses (IMA fees: maximum permissible fees as per SEBI regulations for equity schemes) The two (2) conditions being considered for charging IMA fees are : (i) Net Portfolio Return (NPR) > Benchmark Return (ii) Net Portfolio Return (NPR) > 0 Where Net Portfolio Return(NPR) = Gross Portfolio Return(GPR) - Third Party expenses (a) If NPR < Benchmark and NPR < 0 - IMA fees = zero (b) if either NPR > Benchmark or NPR > 0 - Actual IMA fees = ½ of maximum permissible IMA fees (c) if both NPR > Benchmark and NPR > 0 Actual IMA fees = maximum permissible IMA fees (IMA= Investment Management and Advisory fees.) Following are two illustrations to explain the Variable Pricing Option. (1) Assume that the Benchmark return = 0.20% (a) If NPR is (0.05)% i.e NPR < Benchmark and NPR < 0 - IMA fees = zero (b) If NPR is 0.15% i.e NPR < Benchmark but NPR > 0 - Actual IMA fees = ½ of maximum permissible IMA fees (c) If NPR is 0.30% i.e NPR > Benchmark and NPR > 0 - Actual IMA fees = maximum permissible IMA fees (2) Assume that the Benchmark return = (0.05) % (a) If NPR is (0.08)% i.e NPR < Benchmark and NPR < 0 - IMA fees = zero (b) If NPR is (0.03) % i.e NPR > Benchmark and NPR < 0 Actual IMA fees = ½ of maximum permissible IMA fees (c) If NPR is 0.03 % i.e NPR > Benchmark and NPR > 0 - Actual IMA fees = maximum permissible IMA fees (IMA= Investment Management and Advisory fees.){Investments under the Direct Option shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged for Direct Options.}In addition to the limits specified, the following costs and expenses may be charged to the scheme, namely.• “Brokerage and transaction costs, over and above, 0.12 per cent in case of cash market

transactions and 0.05 per cent in case of derivatives transactions” which cannot be included in the cost of Investments.”

• Service Tax would be charged on Investment and Advisory Fees in addition to the maximum limit of Total Expense Ratio (TER) of the scheme as prescribed in regulation 52 of the SEBI (Mutual Funds) Regulations, 1996.

• Annual Scheme recurring expenses: Within the maximum limit of TER as per regulation 52 of the Regulations, at least 2 basis points on daily net assets of the scheme/s would be annually set apart for Investor Education and Awareness initiatives.

• Additional expenses incurred towards different heads mentioned under sub-regulations (2) and (4) of regulation 52 of the SEBI Regulations not exceeding 0.20% of the daily net assets of the scheme.

Sahara Growth Fund / Sahara Mid-Cap Fund : NFO expenses were borne in full by the AMC.

Sahara Tax Gain Fund / Sahara Wealth Plus Fund / Sahara Infrastructure Fund : The expenses in excess of the allowable 6% was borne by the AMC.

Sahara Power & Natural Resources Fund / Sahara Banking And Financial Services Fund / Sahara R.E.A.L Fund / Sahara Super 20 Fund / Sahara Star Value Fund : The expenses in excess of the Entry Load was borne by the AMC.

SAHARA TAX GAIN FUND LOAD STRUCTURE EXIT LOAD: 1%-If redeemed on or before 36 months.NIL- If redeemed after 36 months.

SAHARA GROWTH FUND / SAHARA MID-CAP FUND / SAHARA WEALTH PLUS FUND / SAHARA INFRASTRUCTURE FUND / SAHARA POWER & NATURAL RESOURCES FUND / SAHARA BANKING AND FINANCIAL SERVICES FUND / SAHARA SUPER 20 FUND / SAHARA STAR VALUE FUND / SAHARA R.E.A.L FUND

Exit Load* Investment Under (SIP / STP) 1. Load Structure 1% - If redeemed on Exit Load: 1% if redeemed or before 12 months on or before 1 year from NIL - if redeemed after allotment date. 12 months.2. Recurring expenses First ` 100 cr : 2.50%, Next ` 300 cr : 2.25% Next ` 300 crores : 2.00%, Balance : 1.75%

* There will be no Exit Load on Direct Applications. Service tax on exit load, if any, shall be paid out of the exit load proceeds and exit load net of service tax, if any, shall be credited to the scheme.

EXPENSES OF THE SCHEMESAHARA LIQUID FUND Initial Offer Period Continuous Offer(i) Load Structure The initial issue expenses was borne by the AMC.

There was no Entry / Exit Load during NFO Exit load : Nil

(ii) Expense Ratio Sahara Liquid Fund : 0.27% as on 31.3.2015

(iii) Recurring expenses: a) Fixed Pricing Option First `100 cr : 2.25%, Next `300 cr : 2.00%

Next `300 crores : 1.75%, Balance : 1.50%

b) Variable Pricing Option: Concept: The scheme offers two options which differ only in the manner in which AMC fees is charged to each. While the normal Fixed Pricing Option continues with the industry practice of charging complete AMC fees on a daily basis, under the Variable Pricing Option, the AMC fee charged changes based on the schemes performance on a daily basis.

Considering : Reference Point (RP) (MIBOR) : 5.10%

Where NPR < RP Where Where Where Where NPR > ( i.e when NPR is NPR = NPR > NPR > RP plus 10% of negative) (i) RP (ii) RP (iii) RP (iv) RP (v)

GPR 5.25 5.40 5.50 5.66 5.90 6.00 6.10Recurring exp. 0.35 0.35 0.35 0.35 0.35 0.35 0.35NPR 4.90 5.00 5.15 5.31 5.55 5.65 5.75IMA fees Nil Nil 0.10 0.25 0.25 0.26 0.27IR 4.90 5.00 5.05 5.06 5.30 5.39 5.48

GPR= Gross Portfolio Return NPR= Net Portfolio Return

IMA= Investment Management and Advisory Fees IR= Investor Return

* IMA fees = (0.25 plus additional IMA fees of 1 basis point would be charged for every 10 basis points of out performance as mentioned above.)

As is evident from the above example, IMA fees will be chargeable to the extent of the out performance or the maximum permissible, whichever is lower.

Note: (i) The above description of the variable pricing module is provided as an example for the general benefit and understanding to the unit holders before arriving at a conclusive decision for investment and is subject to further revision in tune with the investor needs and further transparency of the related concept. Please read Scheme Information Document for further details.

Scheme Name Recurring expenses Load Structure

SAHARA INCOME FUND First `100 cr : 2.25%, Exit load : NIL SAHARA GILT FUND Next `300 cr : 2.00% SAHARA CLASSIC FUND Next `300 crores : 1.75%, SAHARA SHORT Balance : 1.50% TERM BOND FUND SAHARA INCOME FUND / SAHARA GILT FUND : The initial issue expenses were borne by the AMCExpense ratio: Sahara Income Fund 0.31%; Sahara Gilt Fund 0.32% as on 31.03.2015

SAHARA CLASSIC FUND: The NFO expenses in excess of Entry Load was borne by AMC.Load Structure : Entry Load / Exit Load: Nil. Expense ratio : 0.35% as on 31.3.2015.

SAHARA SHORT TERM BOND FUND: The NFO expenses was borne by the AMC as there was no entry load under the scheme. Load Structure : Entry Load : Nil, Exit Load : Nil Expense ratio: 0.35% as on 31.3.2015.

SAHARA INTERVAL FUND - QUARTERLY PLAN SR 1 :

The NFO expenses was borne by the AMC as there was no entry load under the scheme. Recurring Expenses First ` 100 Cr. : 2.25 % ; Next ` 300 Cr ; 1.75 % Next ` 300 Cr. : 2.00 % Balance : 1.50 % Expense ratio: 0.34% as on 31.3.2015 Load Structure: Exit load : Nil

Expense ratio as on 31.3.2015 : Sahara Growth Fund 2.57%; Sahara Tax Gain Fund 2.69%; Sahara Mid Cap Fund 2.69%; Sahara Wealth Plus Fund 1.96%; Sahara Banking & FS Fund 2.67% Sahara Power & NR Fund 2.68% Sahara Infrastructure Fund 2.19%; Sahara Star Value Fund 2.41%; Sahara Super 20 Fund 2.67%.; Sahara R.E.A.L Fund 2.70%

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COMMON FEATURES FOR SCHEMES

Risk Profile of the Scheme: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.• Applicable NAV (Sahara Liquid Fund): Purchase: i. Where the application is

received upto 2.00 p.m. on a business day and funds are available for utilization in the Bank account of Sahara Liquid Fund – the closing NAV of the day immediately preceding the day of receipt of application; ii. where the application is received after 2.00 p.m. on a business day and funds are available for utilization in the Bank account of Sahara Liquid Fund on the same day – the closing NAV of the day immediately preceding the next business day; and iii. irrespective of the time of receipt of application, where the funds are not available for utilization before the cut-off time in the Bank account of Sahara Liquid Fund – the closing NAV of the day immediately preceding the day on which the funds are available for utilization. Allotment of units in respect of purchase/switch-in under Sahara Liquid Fund is subject to receipt of valid applications/ switch-in request, credit of subscription/switch-in amounts in the bank account of Sahara Liquid Fund and funds available for utilization before the cut-off timings as specified above.

REPURCHASE: (a) where the application is received upto 3.00 pm – the closing NAV of the day immediately preceding the next business day; and (b) where the application is received after 3.00 pm - the closing NAV of the next business day.

• Applicable NAV (other than Sahara Liquid Fund): PURCHASES: (a) the applicable Net Asset Value (NAV) in respect of purchase/switch-in of units of Sahara Mutual Fund schemes (other than Sahara Liquid Fund), would be the closing NAV of the day on which the funds are realized upto 3.00 pm, for application amount equal to or more than ` 2 lakhs, subject to the transaction being time stamped appropriately. For all subscriptions up to ` 2 lakhs in non-liquid schemes, allotment of units will be based on the NAV as per time stamp. (b) where the application is received after 3.00 pm with a local cheque or demand draft payable at par at the place where it is received - closing NAV of the next business day; and (c) where the application is received with an outstation cheque or demand draft which is not payable on par at the place where it is received - closing NAV of day on which the cheque or demand draft is credited. For Income/Debt oriented Mutual Fund scheme(s)/plan(s) (other than liquid fund schemes): REPURCHASES: (a) where the application received upto 3.00 pm - closing NAV of the day of receipt of application; & (b) an application received after 3.00 pm - closing NAV of the next business day.

• Switch and Sweep transactions: In case of ‘Switch’ transactions from one scheme to another the allocation shall be in line with redemption payouts. ‘Switch in’ transactions shall apply as if they were purchase transactions and ‘Switch out’ transactions as if they were repurchase transactions. ‘Sweep’ transactions shall apply as if they were purchase transactions and to ‘reverse sweep’ transactions shall apply as if they were repurchase transactions.

Dividend Policy: As disclosed in this Scheme Information Document, the Board of Trustees proposes to adopt the following dividend distribution policy: Under the Dividend Option, it is proposed to declare dividends at an appropriate time, subject to availability of distributable profits, as computed in accordance with SEBI Regulations. Dividends, if any, declared would be paid to those Unit holders whose names appear in the Register of Unit holders on the Record Date. The actual date for declaration of dividend will be notified by a suitable display at the Investor Service Centres. Unit holders are entitled to receive dividend within 30 days of the date of declaration of the dividend. The decision of the Trustees in this regard shall be final.

Name of the Trustee Company: Board of Trustees as Trustee

Waiver of Entry Load : Entry load for all existing open ended schemes of Sahara Mutual Fund is NIL w.e.f. 1st August, 2009, in line with SEBI circular.

TRANSACTION CHARGES : Pursuant to SEBI circular, dated 22 August, 2011 and 13th September 2012, based on type of schemes offered, a transaction charge per subscription of ` 10,000/- and above will be charged from the investors by the AMC and paid to the distributors as follows : a) existing investors : ` 100/- per subscription b) new investor : ` 150/- per subscription c) Transaction charge if any will be deducted by the AMC from the subscription Amount and paid to the Distributor and the balance shall be invested d) No Transaction charge on subscription below ` 10,000/-. e) No transaction charge on direct investments. f) Transaction charges shall be applicable on purchases / subscriptions relating to new inflows only.

Tax treatment for the Investors (Unit holders): The information so stated is based on the Mutual Funds understanding of the tax laws in force as of the date of this Scheme Information Document, The information stated below is only for the purposes of providing general information to the investors and is neither designed nor intended to be a substitute for professional tax advice.

A. TAXATION ON INVESTING IN MUTUAL FUNDS a. Tax Benefits to the Mutual Fund - Sahara Mutual Fund is a Mutual Fund registered with the SEBI and hence the entire income of the Mutual Fund will be exempt from income-tax in accordance with the provisions of section 10(23D) of the Income-tax Act, 1961 (the Act). The Mutual Fund will receive all income without any deduction of tax at source under the provisions of section 196(iv) of the Act. Taxation on investing in Equity Schemes of Mutual FundTAXATION ON INVESTING IN EQUITY SCHEMES OF MUTUAL FUND1) Tax on Income distribution by the Mutual Fund (applicable for all Unit holders)Income (other than income arising from transfer of units) received by unit holders in respect of the units of the Mutual Fund, is exempt from tax under section 10(35) of the Act. Income distribution, if any, made by the Mutual Fund to the unit holders attracts distribution tax under the provisions of section 115R of the Act. Proviso (b) to section 115R(2) of the Act provides exemption to equity oriented mutual funds from paying distribution tax on income distributed to unit holders.

2) Long-term Capital GainsSection 10(38) of the Act grants exemption to any income arising from the transfer of a long-term capital asset, being units of an equity oriented fund, held for a period of more than 12 months, provided the transaction giving rise to the capital gains, attracts Securities Transaction Tax (STT) and is made on or after October 1, 2004 i.e. the date on which Chapter VII of the Finance (No. 2) Act, 2004 has come into force.The income by way of long-term capital gains of a company would be taken into account in computing the book profits and Minimum Alternate Tax payable, if any, under section 115JB of the Act (irrespective of whether or not it is exempt under section 10(38) of the Act).

3) Short-term Capital GainsUnder section 111A, where the total income of an assessee includes any income chargeable under the head “Capital Gains”, arising from the transfer of a short-term capital asset, being a unit of an equity oriented fund held for a period not more than 12 months and (a) the transaction of sale of such unit is entered into on or after October 1, 2004, i.e. the date on which Chapter VII of the Finance (No. 2) Act, 2004 has come into force; and (b) such transaction is chargeable to STT under that Chapter, the tax payable by the assessee on such short-term capital gains is at the rate of 15 per cent. In case of resident individuals and Hindu Undivided Families (‘HUFs’), where the total income as reduced by the short-term capital gains, is below the basic exemption limit, the short-term capital gains will be reduced to the extent of the shortfall and only the balance short-term capital gains will be subjected to the 15 per cent tax rate.

4) Foreign Institutional InvestorsLong-term capital gains arising on sale/ transfer of equity oriented mutual fund units, held for a period of more than twelve months, would be exempt from income-tax.Short-term capital gains arising on sale/ transfer of equity oriented mutual fund units would be taxed at 15 per cent

5) Securities Transaction Tax

Sr. Taxable Securities Transaction Tax Rate(%)

i Delivery based purchase transaction in Nil units of Nil equity oriented fund entered in a recognized stock exchange ii. Delivery based sale transaction in units of equity oriented 0.001 Fund entered in a recognised stock exchange iii. Sale of equity shares, units of equity oriented mutual fund 0.025% mutual fund (non-delivery based) iv. Sale of units of equity oriented fund to the mutual 0.001% fund

6) Dividend Stripping (All Unit holders)As per section 94(7) of the Act, loss arising on sale of units, which are bought within 3 months prior to the record date (i.e. the date fixed by the Mutual Fund for the purposes of entitlement of the unit holders to receive dividend) and sold within 9 months after the record date, shall be ignored for the purpose of computing income chargeable to tax to the extent of exempt income received or receivable on such units.

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7) Tax Deduction at Source on Capital Gainsi. Domestic unit holders: No income-tax is deductible at source from income by

way of capital gains under the provisions of the Act.ii. Foreign Institutional Investors : Under section 196D of the Act, no deduction

shall be made from any income by way of capital gains, in respect of transfer of units referred to in section 115AD of the Act.

iii. Other Non-resident Unit holders: In the case of a non-resident other than a company: No income tax is deductible on long-term capital gains arising on sale/transfer on units of equity oriented mutual funds exempt under section 10(38) of the Act.

(a)In the case of a foreign company: No income-tax is deductible on long-term capital gains arising on sale/ transfer on units of equity oriented mutual funds as defined under section 10(38) of the Act.

Income tax is deductible on short-term capital gains arising on sale/ transfer of units of equity oriented mutual funds (as defined above) at the rate of 15 per cent

(b) Tax TreatyIncome-tax is required to be deducted at source from capital gains chargeable to tax under section 195 of the Act at the applicable rates. In the case of an assessee resident of a country with which a Double Taxation Avoidance Agreement (‘DTAA’) isin force, the tax should be withheld as per provisions in the Act or as per the provisions in the DTAA which ever is more beneficial to the non-resident holder. However, such a non-resident unit holder will be required to provide appropriate documents to the Fund, to be entitled to a beneficial rate under such DTAA.As per Finance Act, 2012 a non-resident shall not be entitled to claim treaty benefits, unless the non-resident obtains a Tax Residency Certificate (‘TRC’) from their home country, containing such particulars as specified in notification no. 39/2012 dated September 17, 2012.

8) Exemptions from long-term capital gainsDeductions are available from Long-term Capital Gains arising on sale of Mutual Fund units, if the sale proceeds are invested in eligible avenues as per : Section 54 EC and Section 54F.

9) Other BenefitsInvestments in Units of the Mutual Fund will rank as an eligible form of investment under Section 11 (5) of the Act read with Rule 17C of the Income-tax Rules, 1962, for Religious and Charitable Trusts.

10) Wealth-taxUnits held under the respective Plans are not treated as assets within the meaning of section 2(ea) of the Wealth-tax Act, 1957 and are, therefore, not liable to wealth-tax.

11) Gift-taxThe Gift –Tax Act, 1958 has been repealed since October 1, 1998. Gift of units of Mutual fund units would be subject to incometax in the hands of the donor. As per section 56(2)(vii), receipts of securities, fair market value of which exceeds fifty thousand rupees, without consideration or without adequate consideration is taxable as income in the hands of individuals / HUFs. (Subject to certain exemptions.)

TAXATION ON INVESTING IN DEBT SCHEMES OF MUTUAL FUND1) Tax on Income Distribution by a Non-Equity Oriented Mutual Fund / Liquid Fund)Income distribution, if any, made by a non-equity oriented mutual fund not being a Money Market Mutual Fund or a Liquid Fund will attract distribution tax under section 115R of the Act at the following rates:• in case income is distributed to individuals and HUFs : 28.84%• in case of income distributed to persons other than individuals and HUFs

:34.608%

2) Income distributed by the Mutual Fund (applicable to all unitholders)Income (other than income arising from transfer of units) received by unit holders in respect of the units of the Mutual Fund, is exempt from tax under section 10(35) of the Act.

3) Tax on Capital Gains - Long-term Capital GainsLong-term capital gains in respect of units, held for a period of more than 36 months, will be chargeable to tax under section 112 of the Act, at the rate of 20 per cent and 10% without Indexation whichever is more beneficitial for investor. In case of resident individuals and HUFs, where the total income as reduced by capital gains, is below the basic exemption limit, the long-term capital gains will be reduced to the extent of the shortfall and only the balance long-term capital gains will be subjected to the 20 per cent tax or the 10 per cent as the case may be.4) Short-term Capital GainsShort-term capital gains in respect of units held for not more than 36 months is

added to the total income of the assessee and taxed at the applicable slab rates specified by the Act.5) Foreign Institutional InvestorsLong-term capital gains arising on sale/ transfer of units, held for a period of more than twelve months, would be taxed at the rate of 10 per cent under Section 115AD of the Act. Such gains would be calculated without inflation index and currency fluctuations. Short-term capital gains arising on sale/ transfer of units would be taxed at 30 per cent.6) Securities Transaction TaxSecurities Transaction Tax (STT) is not applicable in the case of non equity-oriented mutual fund Schemes.7) Dividend StrippingAs per Section 94(7) of the Act, loss arising on sale of Units, which are bought within 3 months prior to the record date (i.e. the date fixed by the Mutual Fund for the purposes of entitlement of the Unit holders to receive the dividend) and sold within 9 months after the record date shall be ignored for the purpose of computing income chargeable to tax to the extent of exempt income received or receivable on such Units.8) Tax Deduction at Source on Capital Gainsi. Domestic Unit holders: No income tax is deductible at source from income by way

of capital gains under the provisions of the Act.ii. Foreign Institutional Investors : Under Section 196D of the Act, no deduction shall

be made from any income by way of capital gains, in respect of transfer of units referred to in Section 115AD of the Act.

iii. Other Non-resident Unit holders Income tax is deductible on short-term capital gains arising on sale/ transfer of

units of equity oriented mutual funds (as defined under above) at the rate of 15 per cent.

In the case of a foreign company: No income-tax is deductible on long-term capital gains arising on sale/ transfer on units of equity oriented mutual funds as defined under section 10(38) of the Act.

Income tax is deductible on short-term capital gains arising on sale/ transfer of units of equity oriented mutual funds (as defined above) at the rate of 15 per cent.

9) Exemptions from long-term capital gains : Deductions are available from Long-term Capital Gains arising on sale of Mutual Fund units, if the sale proceeds are invested in eligible avenues as per : Section 54 EC and Section 54F.10) Other BenefitsInvestments in Units of the Mutual Fund will rank as an eligible form of investment under Section 11 (5) of the Act read with Rule 17C of the Income-tax Rules, 1962, for Religious and Charitable Trusts.11) Wealth-taxUnits held under the respective Plans are not treated as assets within the meaning of section 2(ea) of the Wealth-tax Act, 1957 and are, therefore, not liable to wealth-tax.12) Gift-taxThe Gift –Tax Act, 1958 has been repealed since October 1, 1998. Gift of units of Mutual fund units would be subject to incometax in the hands of the donor. As per section 56(2)(vii), receipts of securities, fair market value of which exceeds fifty thousand rupees, without consideration or without adequate consideration is taxable as income in the hands of individuals / HUFs. subject to certain exemption.

Daily Net Asset Value (NAV) Publication The NAV will be declared on all business days for all schemes except Sahara Liquid Fund & on all 365 days for Sahara Liquid Fund and will be published in 2 newspapers. NAV can also be viewed on www.saharamutual.com and www.amfiindia.com For Investor Grievances please contact Registrar : KARVY Computershare Private Limited (Unit: Sahara Mutual Fund) #59, ‘SKANDA”, Puttanna Road, Basavangudi, Bengaluru - 560004, Ph : 080 - 26600785 / 26602852 Fax : 080 26600786

Toll Free No. : 18004254034/35 Email : [email protected]

Sahara Mutual Fund, 97-98, 9th Floor, Atlanta, Nariman Point, Mumbai-400021. Tel : 022-22047197 / 98. Fax- 022-22047199 E-mail: [email protected] Website: www.saharamutual.com

Unit holders’ Information Account statement, Half Yearly / Annual financial results and Monthly / Half yearly portfolio disclosure shall be provided to investors by post/e-mail/published/uploaded on website, as per regulations. Date : 19.05.2015

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1. Please read all Scheme related Documents carefully before filling the Common Application Form. This application form is for Resident Investors/ NRIs etc and should be completed in English in BLOCK LETTERS only. Please tick () in the appropriate box (), where boxes have been provided. New investors who wish to enroll for Systematic Investment Plan, need to complete and submit both the relevant sections of the Common Application Form & the SIP Registration Form to be obtained separately.

Application by Companies, Bodies Corporate, Registered Societies, Trusts, Partnerships Firms or others In case of an application under a Power of Attorney or by a Limited Company / Body Corporate / Registered Society / Trust / Partnership Firm, the relevant Power of Attorney / the relevant resolution or authority to make the application / the Trust Deed / ASL / the partnership deed, as the case may be, or duly certified copy of the Memorandum and Articles of Association / Bye-Laws must be lodged at the Investor Service Centre along with the application, quoting the details of the application. All communication and payments shall be made to the first applicant or the Karta in case of HUF.

Applications by NRIs, PIOs, FIIs etc. In terms of its notification RBI has granted a general permission to mutual funds, as referred to under Section 10 (23D) of Income Tax Act, 1961 to issue and repurchase units of their schemes which are approved by SEBI to NRIs/OCBs, subject to conditions. Further, the general permission is also granted to send such units to NRIs/OCBs to their place of residence or location, as the case may be and make payment to the Non-Resident Investors, subject to conditions set out in the aforesaid notification.

However, NRI/OCB investors, if so desired also have the option to make their investment on a non-repatriable basis. The fund will comply with the necessary regulatory provisions for repatriation of the investment after the receipt of approval. All applications from OCBs and from other corporate bodies predominantly owned by NRIs should be accompanied with the requisite OAC/OACI (revised) form. The Schemes of Sahara Mutual Fund are presently not registered under the relevant laws, as applicable in the territorial jurisdiction of U.S. or in any provincial or territorial jurisdiction of Canada. In view of the above, w.e.f November 14th, 2014, the Trustees to Sahara Mutual Fund has decided that U.S. Persons, corporations or other entities organized under the law of the U.S. and Residents of Canada as defined under the applicable laws of Canada are not allowed to invest in units of any of the Schemes of Sahara Mutual Fund

2. The Signature(s) should be in English or in any of the Indian languages specified in the Eighth Schedule of the Constitution of India. Thumb Impressions must be attested by a Magistrate or a Notary Public or a Special Executive Magistrate under his/her official seal. Applications by minors should be signed by their guardian. In case of HUF, the KARTA should sign on behalf of the HUF. Similarly, for the Association of Persons (AOP) the application must be signed by the Authorised Signatory.

3. The cheque/demand draft should be drawn in favour of e.g. “Sahara Liquid Fund” or “Sahara Growth Fund” or “Sahara Classic Fund-Growth Option-Direct” or as the case may be and crossed “Account Payee Only”. The Specified Transaction Period under Sahara Interval Fund would be between 12 th and 16th day in the months of March, June, September, December each year. The cheque/demand draft should be payable locally at the centre where the Application is deposited. The cheque/demand draft should be drawn on any bank which is a member/sub-member of the Bankers Clearing House of that city.

4. Investors are requested to mention the correct scheme name, option / sub-option in the application form. If such a choice is not being indicated by the investor, it will be deemed that the investor has opted for Dividend Re-investment option.

5. As per SEBI guidelines, it is mandatory for the first applicant to provide the name of the bank, branch, address, account type and account number at the time of application. Investments by means of Demand Drafts, will be accepted, only if accompanied with a Bankers Certificate that the applicant is a account holder with the issuing banker and the amount of Demand Draft has been issued from his / her account. By filling up the Multiple Bank Account Registration Form, an individual investor can register up to five bank accounts for a folio with the Fund to receive the redemption/dividend proceeds choosing one of these accounts as the preferred bank account. Non-individuals can register upto 10 different bank accounts for a folio. The Unit Holder may choose to receive the redemption/dividend proceeds in any of the bank accounts, the details of which are registered under the facility by specifying the same in the ‘Service Request Form in the Statement of Account/Multiple Bank account Registration Form '. However, where a Unit Holder does not specify the same, the default option would be to credit the redemption/dividend proceeds to the bank account chosen as the preferred bank account. AMC/RTA shall adopt the process of verification for above registration as is applicable for a change in bank mandate, in line with guidelines issued from time to time.

6. KYC norms: In line with SEBI guidelines KYC is mandatory, effective 1st January 2012, irrespective of the amount of Investment. (i) SEBI has introduced a common KYC Application Form for all the SEBI registered intermediaries including Mutual Funds. New Investors are therefore requested to use the common KYC Application Form and carry out the KYC process including In-Person Verification (IPV) with any SEBI registered intermediaries including mutual funds. The KYC Application Forms are also available on our website www.saharamutual.com ii. The Mutual Fund shall perform the initial KYC of its new investors and may undertake enhanced KYC measures commensurate with the risk profile of its investors. The Mutual Fund shall upload the details of the investors on the system of the KYC Registration Agency (KRA). Karvy Computershare Pvt Ltd {Registrar & Transfer Agent (RTA)} may also undertake the KYC of the investors on behalf of the MutualFund. iii. Once the investor has done KYC with a SEBI registered intermediary, the investor need not undergo the same process again with another intermediary including mutual funds.

However, the Mutual Fund reserves the right to carry out fresh KYC of the investor. iv. It is mandatory for intermediaries including mutual funds to carry out In-Person Verification (IPV) of its new investors. The IPV carried out by any SEBI registered intermediary can be relied upon by the Mutual Fund /Sahara Asset Management Company Private Limited and NISM/AMFI certified distributors who are KYD compliant are authorised to undertake the IPV for Mutual Fund investors.v. Existing KYC compliant investors of the Mutual Fund can continue to invest as per the current practice. However, existing investors are also urged to comply with the new KYC requirements including IPV as mandated by SEBI.

As Investments from Investors residing in Sikkim are exempted from PAN, following documents are required to be submitted: a. Proof of address of Sikkim state and application form should mention the same address. b. Address proof shall be self attested by the investor / attested by the ARN holder mentioning the ARN number or attested by any competent authority.

6 A) Pursuant to SEBI circular no.MIRSD/SE/Cir-21/2011 dated October 05, 2011 and SEBI circular no. MIRSD/Cir-5/2012 dated April 13, 2012, investors are requested to note that the 'Know Your Customer' (KYC) information of mutual fund investors who have completed their KYC through CDSL Ventures Ltd (CVL) upto December 31, 2011 have been uploaded by CVL in the 'KYC Registration Agency' system (CVL-KRA). With effect from 1st December, 2012, if these investors wish to invest in the schemes of Sahara Mutual fund in a new folio they would be required to submit 'missing/not available' KYC information and complete the 'In Person Verification' (IPV) requirements.

In case of Individual investors, the following details need to be submitted: 1. Father's/Spouse's Name 2. Marital Status 3. Nationality 4. Gross Annual Income or Net worth (not older than 1 year) 5. In-Person Verification (IPV). Individual investors are requested to fill in “KYC Details Change Form” issued by CVL-KRA which is available on the AMC website www.saharamutual.com. This duly filled form along with IPV completed status would need to be submitted along with the purchase application. Alternatively, investors may also approach their existing mutual funds at any investor service centre for completion of this KYC requirement. Pursuant to AMFI communication Ref :35P/MEM-COR/ 41/12-13 dated January 29, 2013, Investors are required to submit missing/not available KYC information and also complete In-Person Verification (IPV) only at the time of opening an account with a mutual fund or any other intermediary with whom the investor has not dealt with or transacted in the past. In other words, updation of missing information and IPV is mandatory only if an existing investor approaches a new mutual fund or a new intermediary.

In case of Non Individuals, even if they have completed their KYC on or before 31/12/2011, KYC is required to be done again with any SEBI registered KRA due to significant changes in KYC requirements, if they intend to invest through a new folio with Sahara Mutual Fund.

KYC Details of all applicants (Mandatory)

In accordance with SEBI Circular No. CIR/MIRSD/13/2013 dated December 26,2013. the additional details viz. Occupation details, Gross Annual Income/ networth and Politically Exposed Person (PEP)* status mentioned under section 3 (d) which was forming part of uniform KYC form will now be captured in the application form of the fund. Also the details of nature of service viz. Foreign Exchange/ Gaming/ Money Lending, etc. (applicable for first/ Sole applicant) is required to be provided as part of Client Due Diligence (CDD) Process of the Fund.

*Politically Exposed Person (PEP): PEPs are defined as individuals who are or have been entrused with prominent public functions in a foreign country, e.g., Head of States or of Governments, senior executives of state owned corporations, important political party officials, etc. or senior political figures and their immediate family members and close associates.

6B) SYSTEMATIC TRANSFER PLAN (STP):

STP Type Days Frequency Minimum STP

Daily STP All Business days Daily `100/- and in Multiples of ̀ 1/-. Weekly STP 7th, 14th, 21st, 28th Weekly `500/- and in Multiples of ̀ 1/-. Monthly STP 1st, 5th, 25th Monthly Minimum amount as provided

under SIP Quarterly STP 1st, 5th, 25th Quarterly Minimum amount as provided

under SIP

The Daily / Weekly /Monthly or quarterly STP should be registered for minimum of 6

months between two schemes. The application for STP should be submitted at least 10 Business Days in advance before the commencement date of STP. No minimum balance has to be maintained for opting Systematic Transfer Plan.

In case of STP, if the day is a non business day the processing will be done on the next business day. Exit load, if any, under respective schemes will apply to STP.

Minimum balance under the schemes: The AMC at its sole discretion retains the right to close unit holder's account if the total subscription amount falls below the minimum application amount of the respective schemes / plan / option at the end of the period under SIP or on account of redemption

6C) Exemption from Permanent Account Number (PAN) requirement Securities and Exchange Board in India (SEBI) vide its letter no. OW/16541/2012

dated July 24, 2012 conveyed that investments in mutual fund schemes {including investments through Systematic Investment Plan (SIP)} of less than ` 50,000/- (Rupees Fifty Thousand) per year per investor shall be exempted from requirement of PAN. Accordingly, investors are requested to note that the PAN requirement shall be exempted if the aggregate of the lump sum investment (fresh purchase &

INSTRUCTIONS TO INVESTORS FOR FILLING UP APPLICATION FORM

12

aggregated and such aggregation shall be done irrespective of the number of folios / accounts under which the investor has invested. However in lieu of PAN, Investor has to submit any one photo identification document (such as Voter ID Card, government Defense ID Card, Card of reputed employer, Driving License, Passport etc) and proof of address along with the application

The aforesaid exemption for PAN will be applicable only to such investments made by the individuals being Indian citizens (including Non Resident India (NRIs), Joint holders, minors acting through guardian and sole proprietary firms). Person of Indian Origin (PIOs), Hindu Undivided Family (HUFs), Qualified Foreign Investor (QFIs) and other categories of investors will not be eligible for this exemption.

7. Application without KYC / Bank account details will not be accepted. 8. NRIs / Persons of Indian origin seeking to apply for Units on a non-repatriation basis

may make payments by cheques /drafts drawn out of Non-Resident Ordinary (NRO) accounts payable at the centre where the application form is accepted.

9. Payments by Cash, Stock Invests, Post-dated cheques, out station cheques will not be accepted.

10. Please refer to the table on scheme name, plan / option / sub option for easy reference while filling up the scheme details at the time of investment.

11. Applicants should specify the mode of holding. In case of joint holders, the first named holder will receive all the account statements,dividends/redemption/refund cheques and any other correspondence sent from time to time.

12. Nomination Details - Kindly fill up the nomination details in the application form. a) Nomination will be maintained at the folio or account level and will be applicable for investments in all schemes in the folio or account. b) Where a folio has joint holders, all joint holders should sign the request for Nomination/cancellation of nomination, even if the mode of holding is not “joint”. c) Nomination form cannot be signed by Power of Attorney (PoA) holders. d) Every new nomination for a folio/account will overwrite the existing nomination. e) Nomination is mandatory for new folios/accounts opened by individual especially with sole holding and no new folios/accounts for individuals in single holding shall be opened without nomination. f) Investors who do not wish to nominate must sign separately confirming their non-intention to nominate. g) Nomination form/section in the application form will have a provision for the signature of the nominee (or guardian of the nominee), though this may not be mandatory. h) Nomination is not allowed in a folio held on behalf of a minor. i) Non-individuals including society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family, holder of Power of Attorney cannot nominate. j) A minor can be nominated and in that event, the name and address of the guardian of the minor nominee shall be provided by the unit holder. k) The Nominee shall not be a trust, society, body corporate, partnership firm, Karta of Hindu Undivided Family or a Power of Attorney holder. A non-resident Indian can be a Nominee subject to the exchange control regulations in force, from time to time. l) Nomination in respect of the units stand rescinded upon the transfer of units. m) Transfer of Units in favour of Nominee shall be valid dischargeby the Asset Management Company against the legal heir. n) The cancellation of nomination can be made only by those individuals who have held units on their own behalf singly or jointly and who made the original nomination. On cancellation of the nomination, the nomination shall stand rescinded and the Asset Management Company shall not be under any obligation to transfer the units in favour of the Nominee.

13. Non Acceptance of Third Party Instrument : Definition of third-party instrument payment: a) When payment is made through instruments issued from an account other than that of the beneficiary investor, the same is referred to as Third-Party payment; b) It is clarified that in case of payments from a joint bank account, the first holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made.

Exceptions: Third-Party payments shall be rejected except in the following exceptional situations but adherence to certain formalities: a) Payment by Parents/Grand-Parents/related persons on behalf of a minor in consideration of natural love and affection or as gift for a value not exceeding `50,000/- (each regular purchase or per SIP installment); However this restriction will not be applicable for payment made by a guardian who's name is registered in the records of Mutual Fund in that folio. b) Payment by Employer on behalf of employee under Systematic Investment Plans through Payroll deductions; c) Custodian on behalf of an FII or a client.

Process to identify Third-Party payments: The following process is recommended for investors to comply with the requirements

as stated below :a) An applicant/ investor at the time of his/her purchase must provide the details of his

pay-in bank account (i.e. account from which a subscription payment is made) and his pay-out bank account (i.e. account into which redemption / dividend proceeds are to be paid). In case an applicant/investor has multiple accounts, it is desired that he submits the bank details in the “Multiple bank Accounts Registration Form”. Pay-in from such registered single or multiple accounts can be treated as 1st party payments.

b) If the subscription is settled with pre-funded instruments such as Pay Order, Demand Draft, Banker’s cheque, etc., a Certificate from the Issuing banker must accompany the purchase application, stating the Account holder’s name and the Account number which has been debited for issue of the instrument.

c) A pre-funded instrument issued by the Bank against Cash, should be accompanied by a certificate from the banker giving name, address and PAN (if available) of the

person who has requested for the demand draft. The name as per the letter should match with the first named applicant/unit holder. Such DD/Bankers Cheque issued by the bank against cash shall not be accepted for investments of ̀ 50,000/- or more.

d) If payment is made by RTGS, NEFT, ECS, bank transfer, etc., a copy of the instruction to the bank stating the account number debited must accompany the purchase application. The AMC/R&TA shall check that the account number mentioned on the transfer Instruction copy is a registered pay-in account or belonging to the first named applicant/ unit holder.

14. Dematerialisation: Currently Units of Sahara Interval Fund are listed on the National Stock Exchange. Investors are given an option to hold Units by way of an Account Statement (physical form) or in Dematerialized (demat) form. Unit holders opting to hold the Units in demat form must provide their Demat account details in the specified section of the application form. Unit holders intending to hold the Units in Demat form are required to have a beneficiary account with the Depository Participant (DP) registered with NSDL/CDSL and will be required to indicate in the application form, the DP’s name, DP ID number and the beneficiary account number of the Unit holder with the DP.

In case Unit holders do not provide their Demat account details or provide incomplete details or the details do not match with the records as per Depository(ies), an account statement shall be sent to them. Such investors will not be able to trade on the stock exchange till the holdings are converted in to Demat form. Unit holder who so desires to hold the Units in a demat form at a later date, will be required to have a beneficiary account with a DP of NSDL/ CDSL and will have to submit the account statement alongwith a request form asking for the conversion into demat form. This request is called a Demat Request Form (DRF). Unit holder will be required to fill in a DRF in triplicate alongwith the relevant details and submit the same to the Registrar alongwith the account statement to be dematerialized. The combination of names in the account statement must be same as that in the demat account. Rematerialization of Units will be in accordance with the provisions of SEBI (Depositories & Participants) Regulations, 1996 as may be amended from time.

14A.Account statements for Units held in Demat form: In case of Units held in demat form, the Unit Holder will receive the holding statement directly from the respective DP at such frequency as may be defined in the Depositories Act or regulations or on specific request.

14B.Demat option for Systematic Investment Plan (SIP): The option to hold units in Demat Form for Systematic Investment Plan (SIP) transactions is available. The Units for subscription in Demat Form units will be allotted based on the applicable NAV as per Scheme Information Document (SID) and will be credited to investors Demat Account on weekly basis on realisation of funds, for e.g. Units will be credited to investors Demat account every Monday for realization status received in last week from Monday to Friday.

15. TRANSACTIONS THROUGH THE STOCK EXCHANGE INFRASTRUCTURE: The facility to purchase / redeem units of the eligible schemes of Sahara Mutual Fund (currently, all existing schemes except Sahara Liquid Fund Variable Pricing Option – Daily Dividend, Sahara Liquid Fund Fixed Pricing Option – Daily Dividend, Sahara Liquid Fund Variable Pricing Option - Weekly Dividend, Sahara Liquid Fund Fixed Pricing Option -Weekly Dividend, Sahara Liquid Fund Variable Pricing Option - Monthly Dividend - Payout, Sahara Liquid Fund Fixed Pricing Option - Monthly Dividend - Payout and Sahara Interval Fund) through BSE StAR MF platform is available. All trading members of BSE who are registered with AMFI/NISM as Mutual Fund Advisors & Clearing members who are registered with BSE will be eligible to offer this facility to Investors. The units of eligible Schemes are not listed on BSE and the same cannot be traded on the Stock Exchange.

i. Minimum Application Amount: The minimum amount for purchase of units under all the eligible scheme(s)

through the Stock Exchange Platform (BSE StAR MF) would be `1000/- and in multiples of `.1/- thereafter across all eligible schemes except Sahara Tax Gain Fund being ` 500/- and in multiples of ` 500/- thereafter. The maximum purchase amount under all the eligible schemes would ` 99, 99,999/-.

ii. Minimum Redemption The minimum units (and multiples thereafter) for redemption of units under all

the eligible scheme(s) through the Stock Exchange Platform (BSE StAR MF) would be 0.0010 units respectively. There is no maximum limit fixed under all the eligible schemes towards redemption of units.

iii. Systematic Investment Plan Facility (SIP) In respect of the units purchased through the Stock Exchange Platform (BSE

StAR MF), the SIP date would be 5th/15th/25th “at specific periods currently being monthly and quarterly.

The details about purchase/redemption of units (Physical & Dematerialised form), redemption of units routed through DP for BSE Star MF platform is available on the website under each of the schemes and the Statement of Additional Information.

Investors will have to comply with Uniform Know Your Customer (KYC) norms as prescribed by SEBI to participate in this facility. Investors should contact the Investor Service Centres (ISCs) of Sahara Mutual Fund for further details.

16. “On Behalf of Minor” Accounts : Where the account / folio (account) is opened on behalf of a minor, following guidelines would be applicable - there shall not be any joint accounts with minor as the first holder.

17. Minor Attaining Majority - Status Change : a) When the units are held on behalf of the minor, the ownership of the units rests with the minor. A guardian operates the account until the minor attains the age of majority. b) When a minor turns major, advance notice will be sent to the registered correspondence address advising the guardian and the minor to submit an application form along with prescribed documents (service request form, new bank mandate, signature attestation form, KYC of major etc.) as applicable from time to time to change the status of the account to “major”. The notice would state that all transactions including SIP, STP, SWP shall

additional purchase) and SIP installments by an investor in rolling 12 months period does not exceed ̀ 50,000/-(Rupees Fifty Thousand). However, it is clarified that the requirements of Know Your Customer (KYC) shall be mandatory for all investments, irrespective of the amount of investment. For the purpose of identifying such investments the value of investments at the investor level (first holder) will be

13

Documents Companies Societies Partnership Investments Trusts NRI Flls Firms through POA

• Resolution/Authorisation

to invest

• List of Authorised Signatories with

Specimen signature(s)• Memorandum & Articles

of Association• Trust Deed • Bye-laws • Partnership Deed • Overseas Auditors’

Certificate• Notarised Power of

Attorney• Account Type / FIRC /

Approval from FIPB

like SIPs, SWPs, STPs etc. from the date of the minor attaining majority, by giving adequate notice prior to that date.e) AMC will register standing instructions like SIP,

SWP, STP in a minor folio only till the date of the minor attaining majority, though the instructions may be for a period beyond that date.

18. Change in Guardian : For registration of the new guardian, when there is a change in guardian either due to mutual consent or demise of existing guardian, necessary documents as applicable from time to time would be required to be submitted to the AMC.

19. Transmission - For transmission of units under various situations which may be either transmission of units to surviving unit holders, transmission of units to the registered nominee in case of death of sole or all unit holders, transmission of units to claimant/s, where nominee is not registered, in case of death of sole or all unit holders, transmission of units in case of HUF, due to death of Karta or any such other circumstances, necessary documents as prescribed and applicable from time to time would have been submitted to the AMC. Clarifications : It is clarified that PAN card copy or another proof of identity of claimant /s is not required separately if KYC acknowledgement issued by CVL is made available.

Where the units are to be transmitted to a claimant who is a minor, various documents like KYC, PAN, Bank details, indemnity should be of the guardian of the nominee.

A ready reckoner matrix of various documents required under different situations is provided for convenience in the website www.saharamutual.com and also at the office of the AMC / R&T.

20. Pursuant to SEBI Circular Cir/ IMD/ DF/13/ 2011 dated August 22, 2011 and 13th September 2012, transaction charge per subscription of `10,000/- and above be allowed to be paid to the distributors of the schemes of Sahara Mutual Fund. However, there shall be no transaction charges on direct investments. The transaction charge shall be subject to the following: Transaction charges:The Fund shall deduct Transaction Charges on purchase/ subscription received from first time mutual fund investor and investor/s other than first time mutual fund investor, whose application is routed through distributor / agent who have “Opted in” for Transaction charges. (i) First time Mutual Fund Investor (Across Mutual Fund Industry): Transaction charges of `150/- for subscription of `10,000/- and above shall be deducted from the subscription amount and paid to the Distributor/ Agent of the first time Investor and the balance amount shall be invested. (ii) Investor other than First Time Mutual Fund Investor: Transaction charge of ̀ 100/- per subscription of ̀ 10,000/- and above will be deducted from the subscription amount and paid to the distributor/agent of the investor and the balance shall be invested. (iii) For SIP: Transaction charges in case of investments through Systematic Investment Plan (SIP) shall be deducted only if the total commitment (i.e. amount per SIP installment x No. of installments) amounts to ̀ 10,000/- or more. The Transaction Charges shall be deducted in 4 installments. (iv) Transaction charges shall not be deducted for: (a) Purchases /subscriptions for an amount less than `10,000/- (b) Transaction other than purchases/subscriptions relating to new inflows such as Switch/STP/SWP/STP etc. (c) Purchases/subscriptions made directly with the Fund (i.e. not through any distributor/ agent). (d) Transactions carried out through stock exchange mechanism. Upfront commission to distributors shall continue to be paid by the investor directly to the distributor by a separate cheque based on his assessment of various factors including the service rendered by the distributor.

21. FATCA is an acronym for Foreign Account Tax Compliance Act (FATCA), a United States Federal law to increase compliance by US taxpayers and is intended to bolster efforts to prevent tax evasion by the US taxpayers with offshore investments. The Government of India and the United States of America (US) have reached an agreement in substance on the terms of an Inter- Governmental Agreement (IGA) and India is now treated as having an IGA in effect from April 11, 2014. The AMC / Fund are likely to be classified as a ‘Foreign Financial Institution’ (Investment Entity as per Annexure 1(i)) under the FATCA provisions. In accordance with FATCA provisions, the AMC /Mutual Fund will be required to undertake due diligence process and identify US reportable accounts and collect such information / documentary evidences of the US and / or non-US status of its investors / Unit holders and disclose such information (through its agents or service providers) as far as may be legally permitted about the holdings, investment returns and / or to

US Internal Revenue Service (IRS) or the Indian Tax Authorities, as the case may be for the purpose of onward transmission to the IRS pursuant to the new reporting regime under FATCA.

FATCA due diligence will be directed at each investor / Unit holder (including joint investor) and on being identified as a reportable person / specified US person, all the folios will be reported. In case of folios with joint holders, the entire account value of the investment portfolio will be attributable under each such reportable person. An investor / Unit holder will therefore be required to comply with the request of the AMC / Mutual Fund to furnish such information as and when sought by the AMC for the AMC / Mutual Fund to comply with the information reporting requirements stated in IGA and circulars issued by SEBI / AMFI in this regard. The information disclosed may include (but is not limited to) the identity of the investors and their direct or indirect beneficiaries, beneficial owners and controlling persons. Investors / Unitholders should consult their own tax advisors regarding FATCA requirements with respect to their own situation.

In line with SEBI directions, the additional details which were forming part of the uniform KYC form will now be captured in the application form. Also, submission of FATCA details is being made mandatory across all categories of investors. The

details are mandatory for all new and existing investors in all future subscriptions in the schemes of Sahara Mutual Fund. Applications submitted without these additional KYC/FATCA details are liable to be rejected on account of non-compliance with KYC regulations.

22. Distributors are expected to abide by the AMFI code of conduct and avoid any malpractice / mis-selling. Distributors are expected not to spilt investments in order to enhance the amount of transaction charges. In the event of such instances having come to the notice of the AMC stringent action will be taken by the AMC and reported to AMFI for appropriate action.

23. The provision to capture the Unique Identity Number (EUIN) of the employee/relationship manager/sales persons of the Distributor interacting with the investor in addition to the AMFI Registration Number (ARN) of the distributor is made available in the application form. The Distributor would note the investments made through EUIN as advisory transactions, and that EUIN would assist in tackling the problem of mis-selling even if the employee/relationship manager/sales person leave the employment of the distributor. In case the transaction is ''execution-only'' the EUIN space may be left blank and in that case the investors are required to sign below the EUIN declaration mandatorily.

24. For Direct options, investors are requested to refer page no. 14 & 19 of the KIM / Application Form. Further they may refer to the addendum / contact any office of the AMC for details on Direct options.

25. Details of Beneficial Ownership In term of SEBI Master Circular on AML/CFT dated December 31, 2010,

'Beneficial Owner' has been defined as a natural person/s who ultimately own, control or influence a client and / or persons on whose behalf a transaction is being conducted, which includes persons who exercise ultimate effective control over a legal person or arrangement.

Details of the identity of all natural person(s) such as their Name(s), PAN number/passport details, Address etc together with a self attested PAN Card copy is to be provided by the Investor to the Official Points of Accepatance (OPAs) of the SAHARA MF Schemes while submitting the Application Form. Such natural persons include those who are acting alone or together, or through one or more juridical person and exercising control through ownership or who ultimately has a controlling ownership interest.

For further details regarding manner of determination of beneficial ownership in double cases (relating to investors other than Trust and Foreign investors), investments by disclosure of information regarding beneficial ownership etc., please refer to SAI/ relevant Addendum.

26. Applications incomplete in any respect or not accompanied by a cheque/demand draft for the amount payable are liable to be rejected and the money paid will be refunded without interest.

27. The AMC would arrange to forward the statement of account, annual report or other investor correspondence through email / physical as preferred by the investor in the application form.

28. Investors are cautioned that they should not determine their investments based on unauthorised news or rumours which may otherwise result into considerable damage to their portfolio.

29. The changes in the provisions of the schemes informed to the investors vide various addendums/notices have been covered in the Key Information Memorandum & the Application form.

Investors are requested to refer to the website www.saharamutual.com for Addendums / Notices.

30. No separate receipt will be issued for the application money. The Investor Service Centre will time stamp and return the acknowledgement slip in the application form, to acknowledge receipt of the application.

31. Applications complete in all respects, may be submitted at the Collection Centres at locations mentioned in the KIM/Application Form as appointed by the AMC. Application form/s not completed in any respect/s is liable to be rejected by the AMC.

32. Accompanying documents : Please submit the following documents with your application (where applicable). All documents should be original / true copies certified by a Director / Trustee / Company Secretary / Authorised Signatory / Notary Public.

be suspended in case the documents to change the status are not received by the date when the minor attains majority. c) The account shall be frozen for operation by the guardian on the day the minor attains the age of majority and no transactions shall be permitted till the documents as applicable for changing the status are received.

d) The AMC at their discretion will have the right to suspend all standing instructions

14

INSTRUCTIONS FOR INVESTMENT AND PAYMENT DETAILS

INSTRUCTION - Investment Details - Applicants can invest in one or more of the schemes by filling the amount of investments and submitting separate cheques for all investments under separate application forms. Please refer to the respective SCHEME NAME / OPTION / SUB-OPTION to be filled up in the application form towards your investments.

Please note that if you do not indicate the investment option of the relevant scheme, then the Mutual Fund will place you into the default option of the scheme, as per existing scheme provisions.

INSTRUCTION - Payment Details - The subscription amounts can be tendered by local cheques/demand drafts favouring the applicable scheme and must be crossed “Account Payee Only”. The cheque / demand draft should be drawn on any bank which is situated at and is a member/ sub-member of the Bankers clearing house. Cheques /demand drafts drawn on a bank not participating in the clearing house will not be accepted. Cash will not be accepted in any of the scheme.

It is suggested that investors / unitholders issue payment instrument (cheque, demand draft, pay order etc.) in favour of “Scheme name A/c First Investor Name” as stated in the application form or Statement of Account

*Sahara Interval Fund Quarterly Plan Series-1 would be open for subscription / redemption / switches during 12-16th in the months of March, June, September, December each year.

For Direct Investments investors are requested to clearly mention 'Direct' option in the application form while investing.

Sahara Liquid Fund Variable Pricing Option Daily Dividend Option (RI)

Sahara Liquid Fund Variable Pricing Option Weekly Dividend Option (RI)

Sahara Liquid Fund Variable Pricing Option Monthly Dividend Option (RI)

Sahara Liquid Fund Variable Pricing Option Monthly Dividend - Payout

Sahara Liquid Fund Variable Pricing Option Growth Option

Sahara Liquid Fund Variable Pricing Option-Direct Daily Dividend Option (RI)

Sahara Liquid Fund Variable Pricing Option-Direct Weekly Dividend Option (RI)

Sahara Liquid Fund Variable Pricing Option-Direct Monthly Dividend Option (RI)

Sahara Liquid Fund Variable Pricing Option-Direct Monthly Dividend - Payout

Sahara Liquid Fund Variable Pricing Option- Direct Growth Option

Sahara Liquid Fund Fixed Pricing Option Daily Dividend Option (RI)

Sahara Liquid Fund Fixed Pricing Option Weekly Dividend Option (RI)

Sahara Liquid Fund Fixed Pricing Option Monthly Dividend Option (RI)

Sahara Liquid Fund Fixed Pricing Option Monthly Dividend - Payout

Sahara Liquid Fund Fixed Pricing Option Growth Option

Sahara Liquid Fund Fixed Pricing Option-Direct Daily Dividend Option (RI)

Sahara Liquid Fund Fixed Pricing Option-Direct Weekly Dividend Option (RI)

Sahara Liquid Fund Fixed Pricing Option-Direct Monthly Dividend Option (RI)

Sahara Liquid Fund Fixed Pricing Option-Direct Monthly Dividend - Payout

Sahara Liquid Fund Fixed Pricing Option- Direct Growth Option

Sahara Income Fund Dividend Option Payout

Sahara Income Fund Dividend Option Re-Investment Option

Sahara Income Fund Growth Option -

Sahara Income Fund Dividend Option- Direct Payout

Sahara Income Fund Dividend Option-Direct Re-Investment Option

Sahara Income Fund Growth Option - Direct -

Sahara Gilt Fund Dividend Option Payout

Sahara Gilt Fund Dividend Option Re-Investment Option

Sahara Gilt Fund Growth Option -

Sahara Gilt Fund Dividend Option- Direct Payout

Sahara Gilt Fund Dividend Option- Direct Re-Investment Option

Sahara Gilt Fund Growth Option - Direct -

Sahara Classic Fund Dividend Option Payout

Sahara Classic Fund Dividend Option Re-Investment Option

Sahara Classic Fund Growth Option -

Sahara Classic Fund Dividend Option- Direct Payout

Sahara Classic Fund Dividend Option- Direct Re-Investment Option

Sahara Classic Fund Growth Option – Direct -

Sahara Interval Fund Dividend Option Payout Quarterly Plan - Series 1*

Sahara Interval Fund Dividend Option Re-Investment Option Quarterly Plan - Series 1*

Sahara Interval Fund Growth Option - Quarterly Plan - Series 1*

Sahara Interval Fund Dividend Option - Direct Payout Quarterly Plan - Series 1*

Sahara Interval Fund Dividend Option - Direct Re-Investment Option Quarterly Plan - Series 1*

Sahara Interval Fund Growth Option - Direct - Quarterly Plan - Series 1*

Sahara Short Term Bond Fund Dividend Re-Invt Option -

Sahara Short Term Bond Fund Growth Option

Sahara Short Term Bond Fund Dividend Re-Invt Option-Direct -

Sahara Short Term Bond Fund Growth Option-Direct

Sahara Tax gain Fund Dividend Option Payout

Sahara Tax gain Fund Growth Option -

Sahara Tax gain Fund Dividend Option - Direct Payout

Sahara Tax gain Fund Growth Option-Direct -

Sahara Growth Fund Dividend Option Payout

Sahara Growth Fund Dividend Option Re-Investment Option

Sahara Growth Fund Growth Option -

Sahara Growth Fund Dividend Option-Direct Payout

Sahara Growth Fund Dividend Option-Direct Re-Investment Option

Sahara Growth Fund Growth Option-Direct -

Sahara Midcap Fund Dividend Option Payout

Sahara Midcap Fund Dividend Option Re-Investment Option

Sahara Midcap Fund Growth Option -

Sahara Midcap Fund Growth Auto Earnings Payout -

Sahara Midcap Fund Bonus Option

Sahara Midcap Fund Dividend Option-Direct Payout

Sahara Midcap Fund Dividend Option-Direct Re-Investment Option

Sahara Midcap Fund Growth Auto Earnings Payout - Direct -

Sahara Midcap Fund Bonus Option - Direct -

Sahara Midcap Fund Growth Option - Direct -

Sahara Super 20 Fund Dividend Option Payout

Sahara Super 20 Fund Dividend Option Re-Investment Option

Sahara Super 20 Fund Growth Option -

Sahara Super 20 Fund Dividend Option-Direct Payout

Sahara Super 20 Fund Dividend Option-Direct Re-Investment Option

Sahara Super 20 Fund Growth Option-Direct -

Sahara Star Value Fund Dividend Option Payout

Sahara Star Value Fund Dividend Option Re-Investment Option

Sahara Star Value Fund Growth Option -

Sahara Star Value Fund Dividend Option-Direct Payout

Sahara Star Value Fund Dividend Option-Direct Re-Investment Option

Sahara Star Value Fund Growth Option-Direct -

Scheme name Option Sub-option Scheme name Option Sub-option

Also Please See Page No.19

15

Preferable mode of communication E-Mail Yes No (Refer Instruction No.27)

COMMON APPLICATION FORM

Sahara Tax Gain Fund Sahara Growth Fund Sahara Midcap Fund Sahara Wealth Plus Fund Sahara Infrastructure Fund

Sahara R.E.A.L Fund Sahara Banking & Financial Services Fund

Sahara Power & Natural Resources Fund Sahara Super 20 Fund Sahara Star Value Fund

Sahara Liquid Fund Sahara Short Term Bond Fund Sahara Gilt Fund Sahara Income Fund Sahara Interval Fund

Sahara Classic Fund

DISTRIBUTOR INFORMATION (Investors applying under Direct option must state 'DIRECT' in the ARN Code Column) (FOR OFFICE USE ONLY)ARN Name ARN Code Sub - Agent Code Sub-Agent's

ARN Code EUIN Date, Time / ISC and Number as per Time Stamping Machine

Sole / First Unitholder / Guardian /

POA Signature

Second Unit Holder's

Signature

Third Unit Holder's

Signature

FULL NAME OF SOLE / FIRST APPLICANT / MINOR / HUF / NON INDIVIDUAL / (Mr. / Ms. / M/s.) Date of Birth of Applicant/Minor (dd/mm/yyyy)

Document for proof of Date of Birth of minor (DOB) : Birth certificate School Leaving Certificate Passport Others (Please state)________________________________________________________

FOR EXISTING UNIT HOLDER’S OF SAHARA MUTUAL FUND PLEASE PROVIDE FOLIO NO. (fill details below)

APPLICANT INFORMATION (To be filled in BLOCK letters. Use one box for one alphabet, leaving one box blank between name and surname)

In case of ANY EXCEPTIONAL CASE, where there is NO INTERACTION by the Employee / Sales person / Relationship Manager of the Distributor / Sub broker with respect to the transaction, the adjacent DECLARATION is desired from the investor/s.

I/We hereby confirm that the EUIN Box has been intentionally left blank by me/us as this is an execution only"transaction without any interaction or advice by the employee/relationship manager/sales person of the above distributor or not with standing the advice of in-appropriateness,if any provided by the employee/relationship manager/sales person of the distributor/sub broker"

EUIN is mandatory for all the transactions. executed through the distributor - both for "ADVISORY" as well "EXECUTION ONLY" transactions.

Address in full (DO NOT REPEAT NAME)of Applicant/Parent or Guardian of Minor/ Indian address in case 1st Applicant is NRI/PIO/FII (Post Box No. alone is not sufficient)

City Pin State Country

PAN No. (Mandatory) KYC acknowledgement [Pl. ] Submitting now Already submitted

(MANDATORY) Status of 1st Applicant [Pl. ] 1.Resident Individual 2.On behalf of minor 3.HUF 4.Body Corporate 5.AOP/BOI 6.Partnership Firm 7. Proprietorship Firm

8. Company (Listed/Unlisted) 9.Trust 10.Society 11.NRI 12.FIIs 13.Government Body 14.Financial Institution 15.Banks 16.Others (pl.specify)________________

1. Business 2. Professional 3. Agriculturist 4. Private Sector Service 5. Retired 6. Student (MANDATORY) Occupation 1st Applicant [Pl. ] 7. Housewife 8. Public / Govt. service 9. Forex Dealer 10. Others (pl.specify) _____________________________

STD Code Tel. Fax MobileEmail-ID

(Mandatory) Father's/ Spouse Name (Mandatory) Current Marital Status : Single Married

(Mandatory) Overseas Address for NRIs/PIOs/FIIs

City State Pin/ZipCountry

Gross Annual Income Details (Please tick( )): Below 1 Lac 1-5 Lacs 5-10 Lacs 10-25 Lacs 25 Lacs -1 Crore > 1 Crore ` ` ` ` `

OR Net-worth in Net-worth should not be older than 1 year as on (date) D D MM Y Y Y Y

Please tick if applicable:

Politically Exposed Person (PEP) Related to a Politically Exposed Person (PEP)

Not Applicable Any Other Information _____________________

(MANDATORY) OTHER KYC DETAILS (For Individuals Only)

Is the entity involved in / providing any or the following services - Foreign Exchange / Money Changer Services Yes No- Gaming / Gambling / Lottery Services (e.g. casinos,betting syndicates) Yes No- Money Lending / Pawning Yes No

Any other information: ______________________________________________________________________________________________________________________

Gross Annual Income Details (Please tick( )): Below 1 Lac 1-5 Lacs 5-10 Lacs 10-25 Lacs 25 Lacs-1 Crore > 1 Crore ` ` ` ` `

OR Net-worth in Net-worth should not be older than 1 year as on (date) D D MM Y Y Y Y`

(MANDATORY) OTHER KYC DETAILS (For Non-Individuals Only)

Appln No.

(for definition of PEP, please refer instruction '6A').

D D MM Y Y Y Y

(All fields are mandatory for New Investors)(For Existing Investors, furnishing of additional details is mandatory for the first time as part of KYC & FATCA norms.)

16

Country of Birth_____________________________________ Nationality Country of ResidenceAm I / Are we, a tax resident of any country other than India for tax purpose? if No,Please tick ( ) If yes, please indicate all countries in which you are resident for tax purposes and the associated Tax Reference Numbers below.

Country# Tax Reference / Identification Number

(MANDATORY) FIRST APPLICANT / MINOR / HUF / NON INDIVIDUAL / (Mr. / Ms. / M/s.)

# to include USA, where investor is a citizen / greencard holder of USA

NAME OF SECOND APPLICANT (Mr. / Ms. ) Date of Birth (dd/mm/yyyy)

Father's/ Spouse Name(Mandatory) Current Marital Status : Single Married


Status/Category of 2nd Applicant [Pl. ] 1.Resident Individual 2. NRI 3. Others (pl.specify)____________________________________________

1. Business 2. Professional 3. Agriculturist 4. Private Sector Service 5. Retired 6. Student Occupation of the 2nd Applicant [Pl. ] 7. Housewife 8. Public / Govt. service 9. Forex Dealer 10. Others (pl.specify) _____________________________


Country of Birth______________________________________________________________

Nationality Am I / Are we, a tax resident of any country other than India for tax purpose? if No,Please tick ( ) If yes, please indicate all countries in which you are resident for tax purposes and the associated Tax Reference Numbers below.

Email-IDCountry of Residence

Country# Tax Reference / Identification NumberAddress




Please tick if applicable: Politically Exposed Person (PEP) Related to a Politically Exposed Person (PEP)


(MANDATORY) OTHER KYC DETAILS

D D MM Y Y Y Y

NAME OF THIRD APPLICANT (Mr. / Ms. ) Date of Birth (dd/mm/yyyy)


Status/Category of 3rd Applicant [Pl. ] 1.Resident Individual 2.On behalf of minor 3.NRI 4.Others (pl.specify)______________________________________________

1. Business 2. Professional 3. Agriculturist 4. Private Sector Service 5. Retired 6. Student Occupation of the 3rd Applicant [Pl. ] 7. Housewife 8. Public / Govt. service 9. Forex Dealer 10. Others (pl.specify) _____________________________

Father's/ Spouse Name(Mandatory) Current Marital Status : Single Married


Country of Birth______________________________________________________________


Email-IDCountry of Residence








D D MM Y Y Y Y

NAME OF GUARDIAN (of Minor) (Mr. / Ms. ) Date of Birth (dd/mm/yyyy)

Document for proof of Date of Birth of Minor (DOB) and Relationship with Minor : Birth certificate School Leaving Certificate Passport Others (Please state)__________________________________

Status/Category of Guardian [Pl. ] 1. Resident Individual 2. NRI/PIO 3. Others (pl.specify)______________________________________________________________

1. Business 2. Professional 3. Agriculturist 4. Private Sector Service 5. Retired 6. Student Occupation of the Guardian [Pl. ] 7. Housewife 8. Public / Govt. service 9. Forex Dealer 10. Others (pl.specify) _____________________________

Mother Father Legal GuardianRelationship with Minor [Pl. ]

D D MM Y Y Y Y

17

Bank Account No. Account Type : Savings Current NRE NRO FCNR

MICR Code (9 digit) IFSC Code ( 11 digit for RTGS & NEFT)

Bank Name

Branch Address

City

Collection Centre’s Receipt Date and Time

Cheque/DD is subject to realisation

as Normal Investment / or through SIP Received from Mr. / Ms. / M/s an application for purchase of units of

, (scheme) subject to realisation of cheque(s)/demand draft(s).` (in Figures)____________________________________Cheque/ DD No.__________________________ Dated___________

Bank Name Bank Branch In case of Sahara Tax Gain Fund based on the production of this acknowledgement, the investor may claim tax exemption under Sec.80C of the IT Act till the statement of account is issued provided the payment instrument is encashed and the application and other documents are found to be in order.

ACKN

OWLE

DGEM

ENT

(To

be fi

lled

by in

vest

or)

Country of Birth______________________________________________________________


Email-ID


Country of Residence

MODE OF OPERATIONSingle Joint* Either or Survivor(s) On Behalf of Minor (*Default in case not indicated when applicants are more than one)

POWER OF ATTORNEY (POA) (Details MANDATORY) Name of POA Holder

Enclosed: Proof of KYC Proof of Identity & Address PAN Card Copy PAN (Mandatory)

Status: Resident Individual NRI/PIO Others (Please Specify)__________________________________ Gender: Male Female

STD Code Residence Fax

CONTACT DETAILS (Please Provide your contact details even if you have already submitted your KYC acknowledgement)If the Applicant is Sole Proprietorship Firm, Please provide the name of Sole Properietor. If HUF, Please provide the name of Karta In case of other Non-Individuals, Please provide the details of Contact Person.

NameTel

OfficeMobileEmail-ID


Overseas Address of Power of Attorney Holder (if applicable)

City State Pin/ZipCountry

D D MM Y Y Y Y

PIN

PAN No. of Guardian (Mandatory) KYC acknowledgement [Pl. ] Submitting now Already submitted







BANK PARTICULARS (It is mandatory to furnish bank particulars failing which application shall be rejected) (Refer Form instruction no. 5)

Details of Beneficial Ownership (Please tick applicable category). Details to be provided as on date of application. (Refer instruction 25)

In case of any change in the beneficial ownership, the investor will be responsible to intimate SAHARA AMC / its Registar / KRA as may be applicable immediately about such change.

Sr.No. Name Address Details of Identity such as PAN / Passport % of ownership

1234

Details of Beneficial Ownership (Please attach a separate sheet with this format if the space provided is insufficient)

[Please attach self attested copy of PAN / Passport (proof of photo identity) along with application form]

Category Unlisted company Partnership Firm

Unicorporated Association / Body of Individuals Trust Foreign Investor

Ownership per cent >25% >15% >15% >=15%

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Depository Participant Name (DP) : Please() National Securities Depository Limited Central Depository Services (India) Limited Beneficiary Account Number :

1st applicant / Guardian (Signature)

POA Signature

2nd applicant (Signature)

3rd applicant (Signature)

SAHARA ASSET MANAGEMENT COMPANY PRIVATE LIMITED Corporate Office : 97-98,9th Floor, Atlanta, Nariman Point, Mumbai-400 021. Tel : 022 22047197 / 98. • Fax: (022) 22047199 Email: [email protected] • Website: www.saharamutual.comRegistrar & Transfer Agent : KARVY COMPUTER SHARE PVT. LTD. (KARVY) (Unit : Sahara Mutual Fund) #59, ‘SKANDA”, Puttanna Road, Basavangudi, Bengaluru - 560 004, Ph : 080 - 26600785 / 26602852 Fax : 080 26600786 Toll Free No. : 18004254034/35 Email : [email protected] Note: All future communication in connection with the application should be addressed to the Registrar at the address given in this form, quoting full name of sole/first applicant, the application serial number, the name of the scheme/option, amount invested, date and the place of the AMC/ Collection Centre where the application was lodged/submitted.

DEPOSITORY ACCOUNT DETAILS ( Refer Instruction No. 14a & 14b) (UNITS ARE INTENDED TO BE HELD IN DEMAT FORM) Refer instructions for details and SID for risk factors associated with listing of units. Please ensure that the sequence of names as mentioned in this Application Form matches with that of the account held with the Depository Participant.

I N

(16 digit beneficiary A/c No. to be mentioned above)DP ID

CLIENT ID

TRANSACTION CHARGES : Pursuant to SEBI circular vide no. Cir / IMD /DF/ 13 / 2011 dated 22 August, 2011 a transaction charge per subscription of ` 10,000/- and above will be charged from the investors by the AMC and paid to the distributors as follows : a) existing investors : ` 100/- per subscription b) new investor : ` 150/- per subscription c) Transaction charge if any will be deducted by the AMC from the subscription Amount and paid to the Distributor and the balance shall be invested d) No Transaction charge on subscription below ` 10,000/-. e) No transaction charge on direct investments. f) Transaction charges shall be applicable on purchases / subscriptions relating to new inflows only.

I/We ________________________________________________________________________________________________________ hereby nominate the under mentioned person to receive the amount to my/our credit in the event of my/our death indicated against the Name of the Nominee. I/We also understand that all payments and settlements made to such nominee shall be a valid discharge by the AMC / Mutual Fund / Trustee.

I / We DO NOT WISH to nominate. ( Applicable for investors who do not wish to nominate)

MANDATORY - NON INTENTION TO NOMINATE

Name & Address of the Nominee Guardian Name & Address (in case nominee is a minor) Date of Birth Relationship Signature of Nominee / (if minor) with the Applicant Guardian [Optional]

NOMINATION DETAILS (MANDATORY FOR SINGLE HOLDING) (Refer form instruction no. 12)

I/We have read and understood the contents of the Scheme Information Document (SID)/ Statement of Additional Information (SAI) / Key Information Document (KIM) and Addendum(s) thereto of the respective scheme(s) and agree to abide by the terms , conditions, rules and regulations of the scheme(s) as applicable from time to time. I/We hereby declare that I /We are making this investment of the scheme for investment from our own funds on my/our personal behalf and are not beneficiaries of any fund obtained in contravention of Prevention of Money Laundering Act or any guidelines issued from time to time and subsequent amendments thereto including the section on “Prevention of Money Laundering”, I/We hereby apply to the Trustee of Sahara Mutual Fund for units of the Scheme as indicated above and agree to abide by the terms and conditions, rules and regulations of the Scheme. I/We have not received and will not receive nor will be induced by any rebate or gifts, directly or indirectly, in making this investment. I/We further declare that the amount invested by me/us in the Scheme is derived through legitimate sources and is not held or designed for the purpose of contravention of any act, rules, regulations or any statute or legislation or any other applicable laws or any notifications, directions issued by any governmental or statutory authority from time to time.

(Applicable for SIP Investors only). I/We hereby declare that the particulars given above are correct and express my/our willingness to make payments referred above through participation in ECS /Direct Debit Clearance. If the transaction is delayed or not effected at all, for reasons of incomplete or incorrect information on my/our part or circumstances beyond the control of AMC/its service provider, I/We would not hold the Asset Management Company responsible in any manner. I/We hereby authorize Sahara Mutual Fund and their authorised service providers, to get my/our above bank account debited by ECS / Direct Debit towards the collection of monthly payments on due SIP dates as opted by me/us. In the event of any changes in the bank particulars, I/We will submit a fresh mandate along with a cancellation request for the earlier mandate well in advance. I/We have read and agreed to the terms and conditions mentioned in KIM / SID / SAI.

The details of the bank account provided above pertain to my / our bank account in my / our name. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission distribution cost or any other cost), payable to him for the different competing Schemes of various Mutual Funds from

amongst which the Scheme is being recommended to me/us. The ARN holder has adequately explained the appropriateness of the scheme to me / us & I/We are fully convinced that there is no mis-selling to me/us & that I/We are fully responsible for making this investment.

Upfront commission, if any will be paid to the AMFI registered and empanelled (with Sahara Mutual Fund) ARN Holder, directly by the Investor. The information as desired under FATCA/Foreign tax laws provided by me / us,required to be shared with relevant tax authority is true and correct to the best of my knowledge. Date / /

DECLARATION (Please whichever is applicable.)

INVESTMENT AND PAYMENT DETAILS Please submit one cheque / DD for each scheme (REFER TABLE “SCHEME NAME”) Please See Page 14 &19.

Cheque / DD No. Net Amount (`) Bank & Branch Name & City Mode of Payment : Cheque / DD / RTGS / NEFT ECS / Fund Transfer

Account Type @ (SB/ CA/ NRE/ NRO/ FCNR)@ For NRI(s) Source of Fund: NRE NRO FCNR

Scheme Name Plan / Option Sub Option

Drawn On Bank Branch Name City

Option 1: Debit through ECS / Direct Debit facility (Tick this box, obtain & fill in registration cum ECS mandate form separately) (Refer SIP instruction no. 6B & 6C)

Option 2: Through Post Dated Cheques - Total Cheques Cheque Nos. from To

Payment Mechanism ( )

EnrolmentPeriod

SIP Amount (in `)...............................

Start Month End Month (mm/yyyy) (mm/yyyy)

Frequency ( ) Monthly Quarterly

Selected SIP Date (please ( ) only one) 5th / 15th / 25th ● No. of SIP Installments

SIP ENROLMENT DETAILS Banker’s Certificate is mandatory for applications in case of Demand Drafts. (Ref. instr. no.5)

OBTAIN & FILL IN REGISTRATION CUM ECS MANDATE FORM SEPARATELY

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Sahara Wealth Plus Fund Variable Pricing Option Payout – Dividend Option

Sahara Wealth Plus Fund Variable Pricing Option Re-Investment Option – Dividend Option

Sahara Wealth Plus Fund Variable Pricing Option - – Growth Option

Sahara Wealth Plus Fund Variable Pricing Option Payout – Dividend Option – Direct

Sahara Wealth Plus Fund Variable Pricing Option Re-Investment Option – Dividend Option- Direct

Sahara Wealth Plus Fund Variable Pricing Option - – Growth Option-Direct

Sahara Wealth Plus Fund Fixed Pricing Option Payout – Dividend Option

Sahara Wealth Plus Fund Fixed Pricing Option Re-Investment Option – Dividend Option

Sahara Wealth Plus Fund Fixed Pricing Option - – Growth Option

Sahara Wealth Plus Fund Fixed Pricing Option Payout – Dividend Option - Direct

Sahara Wealth Plus Fund Fixed Pricing Option Re-Investment Option – Dividend Option - Direct

Sahara Wealth Plus Fund Fixed Pricing Option - – Growth Option-Direct

Sahara Infrastructure Fund Variable Pricing Option Payout – Dividend Option

Sahara Infrastructure Fund Variable Pricing Option Re-Investment Option – Dividend Option

Sahara Infrastructure Fund Variable Pricing Option - – Growth Option

Sahara Infrastructure Fund Variable Pricing Option Payout – Dividend Option - Direct

Sahara Infrastructure Fund Variable Pricing Option Re-Investment Option – Dividend Option - Direct

Sahara Infrastructure Fund Variable Pricing Option - – Growth Option-Direct

Sahara Infrastructure Fund Fixed Pricing Option Payout – Dividend Option

Sahara Infrastructure Fund Fixed Pricing Option Re-Investment Option – Dividend Option

Sahara Infrastructure Fund Fixed Pricing Option - – Growth Option

Sahara Infrastructure Fund Fixed Pricing Option Payout – Dividend Option - Direct

Sahara Infrastructure Fund Fixed Pricing Option Re-Investment Option – Dividend Option - Direct

Sahara Infrastructure Fund Fixed Pricing Option - – Growth Option-Direct

Sahara Power & Natural Resources Fund Dividend Option Payout

Sahara Power & Natural Resources Fund Dividend Option Re-Investment Option

Sahara Power & Natural Resources Fund Growth Option -

Sahara Power & Natural Resources Fund Dividend Option-Direct Payout

Sahara Power & Natural Resources Fund Dividend Option-Direct Re-Investment Option

Sahara Power & Natural Resources Fund Growth Option-Direct -

Sahara Banking & Financial Services Fund Dividend Option Payout

Sahara Banking & Financial Services Fund Dividend Option Re-Investment Option

Sahara Banking & Financial Services Fund Growth Option -

Sahara Banking & Financial Services Fund Dividend Option-Direct Payout

Sahara Banking & Financial Services Fund Dividend Option-Direct Re-Investment Option

Sahara Banking & Financial Services Fund Growth Option-Direct -

Sahara R.E.A.L Fund Dividend Option Payout

Sahara R.E.A.L Fund Dividend Option Re-Investment Option

Sahara R.E.A.L Fund Growth Option -

Sahara R.E.A.L Fund Dividend Option-Direct Payout

Sahara R.E.A.L Fund Dividend Option-Direct Re-Investment Option

Sahara R.E.A.L Fund Growth Option-Direct -

Scheme name Option Sub-option Scheme name Option Sub-option

It is suggested that investors / unitholders issue payment instrument (cheque, demand draft, pay order etc.) in favour of “Scheme name A/c First Investor Name” as stated in the application form or Statement of Account

INSTRUCTIONS FOR INVESTMENT AND PAYMENT DETAILS

INSTRUCTION - Investment Details - Applicants can invest in one or more of the schemes by filling the amount of investments and submitting separate cheques for all investments under separate application forms. Please refer to the respective SCHEME NAME / OPTION / SUB-OPTION to be filled up in the application form towards your investments.

Please note that if you do not indicate the investment option of the relevant scheme, then the Mutual Fund will place you into the default option of the scheme, as per existing scheme provisions.

INSTRUCTION - Payment Details - The subscription amounts can be tendered by local cheques/demand drafts favouring the applicable scheme and must be crossed “Account Payee Only”. The cheque / demand draft should be drawn on any bank which is situated at and is a member/ sub-member of the Bankers clearing house. Cheques /demand drafts drawn on a bank not participating in the clearing house will not be accepted. Cash will not be accepted.

For Direct Investments investors are requested to clearly mention 'Direct' option in the application form while investing.

The treatment of applications under "Direct" / "Regular" Plans, shall be as follows:

Scenario Broker Code mentioned Plan mentioned Default Plan to be by the investor by the investor captured

1 Not mentioned Not mentioned Direct Plan 2 Not mentioned Direct Direct Plan 3 Not mentioned Regular Direct Plan 4 Mentioned Direct Direct Plan 5 Direct Not Mentioned Direct Plan 6 Direct Regular Direct Plan 7 Mentioned Regular Regular Plan 8 Mentioned Not Mentioned Regular Plan

In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load.

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SAHARA MUTUAL FUND INVESTOR SERVICE CENTRES

AHMEDABAD : No. 1, Ground Floor, Narnarayan Complex, Swastik Cross Road, Navrangpura, Ahmedabad - 380 009. 079 - 32942935

BANGALORE : No. 41, 3rd Cross, Ulsoor Road, Bangalore – 560 042. 080 - 25327891

BHUBANESHWAR : Plot No.617/D, Kharvel Nagar, Unit-3, In front of Giridurga Temple, Bhubaneshwar -751 001. 0674 - 2391372

CHANDIGARH : SCO -364-366, Cabin-304, Sec-34/A, 3rd Floor, above Tata Motors Office, Chandigarh - 160 034. 0172 - 3244010 / 4636359

CHENNAI : Flat No. - J, 2nd Floor, Mount Chambers, No - 758, Anna Salai, Chennai-600 002. 044 - 32979232

COIMBATORE : Door No. 196/8, Gr Flr, Aiswarya Commercial Centre, T.V. Samy Rd. (W), R. S. Puram, Coimbatore - 641 002. 0422 - 3296379

GURGAON : Office No. 110, Upper Ground Floor, Aap ka Bazar, Main Gurudwara Road, Gurgaon - 122 001. 0124 - 3224746

GORAKHPUR : Shop No.23, Upper Ground Floor, Cross Roads, “The Mall”, Bank Road, Gorakhpur - 273 001. 0551 - 3247171

HYDERABAD : Sahara Manzil, 2nd Floor, Opp. Secretariat, Basheerbagh, Hyderabad - 500 004. 040 - 32936958

INDORE : Flat No. 315, 3rd Floor, President Tower, 6/2, South Tukoganj, Indore - 452 001, Madhya Pradesh. 0731 - 3255735

JAIPUR : Office No. 305 - A, 3rd flr, Shyam Anukampa, Opp. HDFC Bank, C Scheme, Ashok Marg, Jaipur - 302 001. 0141 - 3269923 / 4013634

JAMMU : Kiosk -5, (B-1), North Block, Ground Floor, Bahu Plaza, Jammu - 180 012. 0191-2100485 / 9797366142

KOLKATA : Sahara India Pariwar, 101, 1st Floor, Mangal Jyoti, 227/2, A. J. C Bose Road, Kolkata - 700 020. 033 - 40032420 / 32977674

KOLKATA (Salt Lake) : B D-16 (Ground Floor), Sector - 1, Salt Lake City, Kolkata - 700 064. 033 - 40041617

LUCKNOW : Office No. 8, Ground Floor, Saran Chamber - 1, V Park Road. Lucknow - 226 001. 0522 - 3242899

MUMBAI : 97-98, 9th Floor, Atlanta, Nariman Point, Mumbai - 400 021 022 - 22047197 / 98

NEW DELHI : 701, 7th Floor, Deep Shikha Building no. 8, Rajendra Place, New Delhi - 110 008. 011 - 25755783

NOIDA : C-1, Sahara India Complex, Sector 11, Noida - 201 301. 0120 - 3100209

PATNA : C/o Sahara India Pariwar, Sahara India Vihar, Boring Road Chauraha, Boring Road. Patna - 800 001. 0612 - 3255280.

PUNE : Office No.71, Shrinath Plaza, Off F C Road, Dnyaneshwar Paduka Chowk, Shivaji Nagar, Pune - 411 005. 020 - 32934114

THANE : Shop No.-1, Santoshi Bhavan, Shivaji Path, Behind Punjab National Bank, Thane - 400 601. 022 - 25441993

REGISTRAR AND TRANSFER AGENT : KARVY Computershare Private Limited (Unit: Sahara Mutual Fund) #59, ‘SKANDA”, Puttanna Road, Basavangudi, Bengaluru - 560 004, Ph : 080 - 26600785 / 26602852 Fax : 080 26600786 Toll Free No. : 18004254034/35 Email : [email protected]

Agra:9369918603: Ahmedabad:079-65445550:079-26402967: Ajmer : 0145-5120725:0145-2628055: Allahabad:9369918605: Ambala:

9315017301: Amritsar:0183-5053802: Anand:9662020623: Asansol: 0341-3266507: Aurangabad:0240-2343414: Balasore:06782-260503:

Bangalore:080-26600785:080-26602852/9625: Bareilly:9369918607: Baroda:0265-6640870: 0265-6640871: Belgaum:0831 2402544: Berhampur

(Or):0680-2228106: Bhagalpur:9386256100: Bharuch:02642-225022: Bhavnagar:0278-3004116: Bhilai:0788-2295999:0788-2295332:

Bhilwara:01482-246362:01482-246364: Bhopal:0755-4092712:0755-4092715: Bhubaneswar:06746534585: Bokaro:9204061959:06542-233330/31:

Burdwan:0342-2665140: Calicut:0495-4022480: Chandigarh:0172-5042279: Chennai:044-42028512:044-42028513: Cochin:0484 3000231

: 0484 3000232: Coimbatore:0422 - 4388011:0422 - 4388013/0422 - 4388451: Cuttack:0-9238102118 : Darbhanga:06272-220145:

Dehradun:9369918608: Dhanbad:0326-6452027: Dharwad:0836-2744207:0836-2744208: Durgapur:0343-6512111: Erode:0424-4021212:

Faridabad :9310448851: Gaya :0631-2220071: Ghaziabad :9310448804: Gorakhpur :9369918610: Guntur :0863-2339094:

Gurgaon:9310448806: Guwahati:8811036746: Gwalior:9300004262: Hissar:9315017303: Hubli:0836-2252444: Hyderabad:040-67406120

/ 21: Indore:07314266828:0731-4218902: Jabalpur:0761-3204376: Jaipur:0141-4167714:0141-4167715/17: Jalandhar:0181-5094410:

Jalgaon:0257-2226761: Jammu:0191-2458820:01912458818: Jamnagar:02882558887: Jamshedpur:0657-6655000:0657-6655003/6655004:

Jhansi:9369918614: Jodhpur:0291-6454590: Kanpur:9369918615/6: Karaikudi:04565-237192: Karur:04324-241755: Kolhapur:0231 2653656:

Kolkata:033-40611135/ 36: 033-24659263/9267: Kota:0744-5100964: Kottayam:0481-2300868: Lucknow:9369918600: Ludhiana:0161-4648747:

Madurai:0452-2605856: Mangalore:0824-2496289: Margoa:0832-2731823: Meerut:9369918619: Mehsana:02762-242950: Moradabad:9369918620:

Mumbai:022-66235353:022-66235333: Muzaffarpur:9386256101: Mysore:0821-2438006: Nagpur:0712-2533040: Nasik:02536611395:

Navsari:02637-280367:New Delhi:011-43681700/704: Noida:9310448805: Panipat:9315017304: Panjim:0832-2426873:0832-2426874:

Patiala:0175-5004349: Patna:0612-6453098:7781023134: Pondicherry:0413 2220640: Pune:020-30214852: Raipur:0771-4052620:

Rajahmundry:0883-2434468:0883-2434470: Rajkot:2816545888: Ranchi:06512331320: Rohtak:9315017305: Rourkela:0661-2500005:

Salem:0427-4020300: Shillong:0364 2506106: Shimla:9318644501: Shimoga:08182-228799:08182-227485: Silchar:03842261714:

Siliguri:0353-2526393: Surat:0261-3042170: Tirunelveli:04622335137: Tirupur:0421-2214221: Trichur:0487-3246231: Trichy:0431-4020227:

Trivandrum:0471-2725728: Udaipur:0294-2429370: Valsad:02632-258481: Vapi:9228012909: Varanasi:9369918626: Vijayawada:0866-2475126:

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