Vision and Mission Statement VISION Our vision is to be a trusted partner in progress for our investors, distributors and also be a respected leader in the Indian mutual fund industry. MISSION Our mission is to help our investors reach their long-term financial goals. We aim to achieve this through active fund management and investment strategies that adhere to ethical values and investment principles, and by offering our employees a challenging and rewarding place to build a career.

VALUE PROPOSITION TO INVESTORS •  Investor centric product innovation

•  Offer the right product to investor at the right time

•  Provide a good quality portfolio in debt and equity

•  Superior risk adjusted returns

•  Transparent communication

Equity Linked Savings Scheme (ELSS)

Open ended diversified equity funds which offer long-term growth and wealth creation opportunity

ELSS Funds are eligible for tax benefit on investments u/s 80C of the Income Tax Act 1961

Fund Fund can invest across market cap segments

Twin benefits - Power of long term compounding from Equity + Tax Savings

Ideal investment avenue for long term goal based tax efficient savings

Please consult your tax advisor for details

All types of domestic investors can invest in ELSS Schemes but tax relief can only be availed by Individuals & Hindu Undivided Family (HUF)

Funds best positioned to generate capital appreciation with long-term horizon of investments by investors & fund managers.

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Equity Delivers Over Long Term

Compelling Risk Reward Proposition Average return for a 3 Year Investment 13.28% CAGR

Data Source – Jan 1995 to May 2019. ICRA Explorer. Calculations Internal. Returns above 1Y are CAGR Past Performance may or may not be sustainable in future

SIP Your Way to Wealth Creation NSE 500 Index Rolling SIP Returns Over 14 Years

0% Probability of Loss in 7 & 10 Year SIP’s with Average Return Profile over 15% CAGR Based on Monthly Rolling SIP on 1st working day of the month. SIP Valuation on the 1st working day of the next month. Data Source - ICRA Explorer. Calculations Internal. Returns above 1 Year are CAGR. Past Performance may or may not be sustainable in future. Investments in mutual funds should not be construed as a guarantee of any minimum returns. There is no capital protection guarantee or assurance of any returns. Kindly consult your financial advisor before investing.

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3Y SIP 5Y SIP 7Y SIP 10Y SIP

Wealth Creation with Peace of Mind NSE 500 Index Rolling SIP Returns Over 14 Years

NSE 500 Index

1Y SIP 3Y SIP 5Y SIP 7Y SIP 10Y SIP

Details

Minimum

Average

Maximum

Standard Deviation

Number of Observations

Number of Positive Observations

Number of Negative Observations

Probability of Loss (%)

-44.42%

9.22%

54.13%

16.42%

173

130

43

24.86%

-27.75%

17.05%

54.03%

16.09%

173

157

16

9.25%

-5.81%

16.95%

48.36%

12.11%

173

168

5

2.89%

3.14% 7.54%

16.38% 15.72%

41.69% 30.53%

8.64% 5.32%

173 173

173 173

0 0

0.00% 0.00%

Longer the investment horizon, better is the investment experience. Probability with Zero Downside Risk Probability in 7 and 10 Year SIP

Worst return for a 10 Year SIP is still comparable to returns from traditional tax saving instruments Based on Monthly Rolling SIP on 1st working day of the month. SIP Valuation on the 1st working day of the next month. Data Source – ICRA Explorer. Calculations Internal. Data Period Dec 2004 to May 2019. Returns above 1Y are CAGR. Past Performance may or may not be sustainable in future. Probability of loss is calculated by dividing total number of observations with the negative return observations. Investments in mutual funds should not be construed as a guarantee of any minimum returns. There is no capital protection guarantee or assurance of any return. Kindly consult your financial advisor before investing.

inof Safety

ITI MF Equity Investment Philosophy SQL Investment Philosophy

S Q L

Margin of safety is the fair value of business minus the current share price.

Buying stocks with good safety margin is critical for a good investment experience and long term wealth creation.

•  Quality of the business is of great significance. Quality companies with strong competitive advantages have been long term wealth creators.

•  We would like to invest in stocks that we understand and have comfort on Industry structure, business, management, growth ambitions, balance sheets.

H igh bus iness ab i l i t y t o withstand leverage significantly reduces business downturn.

Low leverage companies are generally cash rich. Therefore, these companies are able to invest and grow their business and create wealth.

The above philosophy seeks to generate long term wealth for our investors

Margin of Safety Quality of the Business

Low Leverage

ITI Long Term Equity Fund - Investment Approach

Margin of Safety, Quality of the business and Low Leverage are three pillars of our investment philosophy.

We focus on investing in sound businesses which we understand well

Research efforts will primarily be focused on understanding the core set of good quality companies rather than focusing on a large number of mediocre companies

GARP style of investing - Growth at Reasonable Price is our style and not growth at any price

Additionally, we would tactically invest in good companies going through temporary problems, with a possible upside catalyst

Our stock universe is divided into core stocks and tactical stocks. Core stocks are companies that have a strong and sustainable competitive advantage in their respective businesses

Stock selection will predominantly be on bottom up approach basis

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If we avoid the losers, the winners will take care of themselves

ITI Long Term Equity Fund Excellent Long Term Wealth Creation Proposition

The fund will seek to generate alpha by actively managing exposures relative to benchmark

Stock exposures Sector weightages

- - - Dynamic allocation to different

market cap segments

Investors are aligned to have a long term orientation and discipline while considering the product

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“ITI Long Term Equity Fund” is poised to provide attractive long term wealth creation proposition for all types of domestic investors

The value proposition enables higher probability of generating long term wealth in the investors portfolio

3 Year visibility of money enables fund manager to take strategic long-term conviction calls for riding volatility in short-term

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Fund ideally suited for large lump sum investments as well as

saving through SIP

Myth: There is a limit of Rs.1,50,000 to invest in ELSS funds Reality: Any amount can be invested by any domestic investor

ITI Long Term Equity Fund Ideal Long-Term Wealth Creation Solution

Wealth Creation Solution

GARP Investing (Growth at

Reasonable Price)

Tax Savings u/s 80C

Active Risk

Management

Unique SQL I n v e s t m e n t Philosophy

Active Market Cap & Sector

Allocation

ITI Long Term Equity Fund Suitability and Reasons to Invest

Best tax saving investment avenue with twin benefits - Long-Term Wealth Creation and Tax savings

Lowest lock-in compared to other eligible investments u/s 80C

Ideal long term Systematic Investment Plan (SIP) Product - No need to wait till the year end to start investing

Investing in mutual funds is transparent. All mutual funds companies come under the purview of SEBI’s regulatory oversight with stringent disclosures

Long term investment horizon and higher return potential lead to good compounding experience

Minimum 3 Year holding period instills investing discipline and helps the fund manager in portfolio construction with long term wealth creation objective

A true diversified equity fund with flexibility to move across market cap segments

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Myth: I can invest only for 3 years Reality: Any amount can be invested by any domestic investor for any period

ITI Long Term Equity Fund - Fund Facts Benchmark : Nifty 500 Total Return Index

Investment Objective : To provide long-term capital appreciation by investing predominantly in equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

Asset Allocation : Under normal circumstances, the asset allocation shall be as follows:

Fund Managers : Mr. George Heber Joseph and Mr. Pradeep Gokhale

Minimum Investment Amount : Rs. 500 and in multiples thereof

Plans & Options : Plans - Direct & Regular Plan. Options – Growth & Dividend Payout

Lock In : Redemption of Units can be made only after a period of three years (lock-in period) from the date of

allotment of Units proposed to be redeemed as prescribed in the ELSS Guidelines

Entry & Exit Load : Entry Load - NA. Exit Load – Nil

TypesofInstruments

IndicativeAllocation(%ofTotalAssets)

RiskProfile

Max

Min

High/Medium/Low

Equity&EquityRelatedSecurities 100% 80% High

ShortTermDebt&MoneyMarketInstruments 20% 0% LowtoMedium

ITI Long Term Equity Fund - Section 80 C

Section 80C of the Income Tax Act 1961 provides for tax deduction/relief for certain investments and payments

The relief can be availed by Individuals and Hindu Undivided Family (HUF)

Accordingly, investors benefit by way of deduction from their taxable income and the tax benefit is the marginal income tax rate/i.e. tax slab of the respective assesses

The relief is provided for ‘specified investments’ and payments

The relief is provided by way of deduction from gross total income of the assessee in turn reducing her/her gross taxable income

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Investors can claim maximum deduction of up to Rs 1,50,000 from their gross total income.

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Myth: There is a limit of Rs. 1,50,000 to invest in ELSS funds Reality: Any amount can be invested by any domestic investor

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Investment Options Minimum Investment

Lock-In Returns Taxability

Equlity Linked Savings Scheme (ELSS)

500

3 Years

Market Linked

Long Term Capital Gains Tax Above Rs 1 Lakh of Capital Gains

Public Provident Fund (PPF)

500

15 Years

7.90%

Interest Income is Tax Free

National Savings Certificate (NSC)

100

5 Years

7.90%

Tax Savings Bank Fixed Deposit

1000

5 Years till retirement

6.85%

Market Linked

60% of Corpus is Tax Free on Maturity. Balance 40% has to be used to buy Annuity

Market Linked

Other Available Investment Options u/s 80C

Data Source - For Tax Saving Deposit - www.sbi.co.in/portal/web/interest-rates, For NSC - www.postofficesavingsscheme.in, For PPF - www.ppf-account.in www.livemint.com .

National Pension Scheme (NPS)

Unit Linked Investment Plan (ULIP)

5 Years

Interest Income is Taxable at Marginal Income Tax Rate

Interest Income is Taxable at Marginal Income Tax Rate

Fund Managers

Mr. George Heber Joseph

Mr. George Heber Joseph joined ITI Asset Management Ltd. in November 2018 and is responsible for the entire business of ITI Asset Management Ltd. George has around two decades of experience and has held positions in Equity Research, Fund Management, Treasury Management and Management Consulting. Prior to joining ITI Asset Management Ltd., he has worked in companies like ICICI Prudential Asset Management Ltd., Tanfac Industries Ltd. (Aditya Birla Group), Cholamandalam Investments & Finance Co. Ltd., Met Life India, Wipro and DSP Merrill Lynch Ltd. based in India and abroad. His last stint was at ICICI Prudential Asset Management Co. Ltd. Mumbai, where he spent more than a decade managing some of the large flagship fund strategies in the equity and hybrid categories with assets under management exceeding Rs. 10,000 crores. All funds (Multicap, ELSS— Long Term Equity Fund, Child Care) and discretionary portfolios (Wellness, Exports, Flexicap, Largecap, PIPE/Smallcap) managed by him during this entire period were excellent performers in their respective categories. There, he was designated as Senior Fund Manager (Vice President Grade) based in Mumbai, India and was one of the Key Management Personnel in the company and was part of the investment management team. He is known for his focus on extensive bottom-up research and stock picking capabilities, has over- seen fund managers activities, managed various research analysts during his tenure. George holds dual Bachelor's Degrees in English Language & Literature and Commerce. He is a qualified Chartered Accountant from Institute of Chartered Accountants of India, New Delhi and a Cost and Management Accountant from Institute of Cost Accountants of India, Kolkata.

Chief Executive Officer & Chief Investment Officer

Fund Managers Mr. Pradeep Gokhale joined ITI Asset Management Ltd in November 2018. He has over 23 years of extensive experience in Fund Management, Equity Research, Credit Evaluation and Ratings. He has been associated as a Key Management Personnel at Tata Asset Management Ltd for 15 years and his last role was in the capacity of Senior Fund Manager — Equities. During his stint, he managed a broad spectrum of schemes across large cap (Tata Large Cap Fund), multi cap (Tata Large and Midcap Fund, Tata India Tax Savings Fund and the equity portion of Tata Hybrid Equity Fund), offshore fund (Tata India Offshore Opportunities Fund) and thematic funds (Tata Ethical Fund) with assets under management exceeding Rs.5,OOO crores. He was responsible for heading the equity research function and also for tracking various sectors and a wide variety of stocks. Prior to joining Tata Asset Management Ltd, he was Head of Financial Sector and Securitization Ratings at CARE Ratings Ltd since April 1995. At CARE, he handled multiple ratings and advisory assignments of companies across manufacturing, financial services and other services sectors. He has also worked in the corporate finance departments of companies like Bombay Dyeing, Tata International and Lubrizol India Ltd. Mr. Pradeep is a qualified Chartered Accountant from Institute of Chartered Accountants of India, New Delhi & Chartered Financial Analyst from CFA Institute — USA.

Mr. Pradeep Gokhale Senior Fund Manager &

Head of Research

Riskometer & Disclaimers www.itimf.com

Toll Free Number 1800 266 9603 | Email: mfassist@itiorg.com

All figures and data given in the document are dated unless stated otherwise. In the preparation of the material contained in this document, the AMC has used information that is publicly available, including information developed in-house. However, the AMC does not warrant the accuracy, reasonableness and/ or completeness of any information. The information provided is not intended to be used by investors as the sole basis for investment decisions, who must make their own investment decisions, based on their own investment objectives, financial positions and needs of specific investor. Investors are advised to consult their own legal tax and financial advisors to determine possible tax, legal and other financial implication or consequence of subscribing to the units of ITI Mutual Fund. The information contained herein should not be construed as a forecast or promise nor should it be considered as an investment advice.

The AMC (including its affiliates), the Mutual Fund, the trust and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any

nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this

material in any manner. http://www.icraonline.com/legal/standard-disclaimer.html

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.81-19