january, 2020 that pays a 6% coupon and matures in six years available at a yield to maturity (ytm)...

January, 2020

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From CIO’s Desk

Source : Reuters,Bloomberg, RBI & Internal. Date : 06/02/2020. For statutory details please refer to page nos. 14 & 15

Mr. Saravana Kumar

Market Review for the month of January 2020

Domestic Markets

The month of January saw Nifty 50 post negative returns (down by 1.69%) on the back of Coronavirus fears. Midcap and Small cap indices outperformed the large cap indices with the Nifty Midcap 50 up by 4.5% while the S&P BSE 250 Small cap Index was up by 7.5%.

The Government utilized the ‘escape clause’ under the FRBM Act which provides leeway for relaxation of fiscal deficit roadmap during time of stress. The Union Budget FY21 has deviated from the fiscal consolidation roadmap to 3.8% of GDP for FY20 as against an estimated 3.3% of GDP and the fiscal deficit target for FY21 is pegged at 3.5% of GDP. The NSO in the first advance estimate for FY2020 downward revised the GDP growth target to 5% for FY2020 in line with the RBI estimate. The Economy Survey for 2019-20 estimates GDP to recover to 6.0-6.5% in FY21. RBI conducted two more rounds of operation twist in January amounting to INR 20,000 crores. The average liquidity surplus for the month of January was about INR 3168 bn as against INR 2596 bn surplus in the month of December. One year CD rate closed at the same level

at 5.98% for January. The 10 year G-Sec benchmark closed the month at 6.60% as compared to 6.56%. 10 year AAA PSU closed at 7.49% as compared to 7.51%. INR remained at nearly same levels against USD during the month and closed the month at 71.35 as compared to 71.37. The Brent crude oil prices corrected sharply and closed the month at $58.16 per barrel as compared to $66 per barrel in the previous month.

Domestic macro data

CPI for the month of December surged to 7.35% YoY as compared to 5.54% YoY in November whereas Core CPI inflation stood at 3.75% YoY as compared to 3.5% YoY in the month prior. The food inflation witnessed a sharp price rise of 12.16 % YoY, highest level in last 5 years, fuel inflation was up moderately by 0.7% YoY for the fifth consecutive month in this financial year. WPI for December came in at 2.59% YoY as compared to 0.58% YoY in November. Index of Industrial Production (IIP) expanded 1.8% YoY in November as compared to contraction of -3.8% YoY in October. Provisional trade deficit stood at $57.66 billion as compared to $89.46 billion for the period of April - December 2019, driven primarily on account of lower merchandise trade deficit. The central government's fiscal deficit rose to INR 9.317 tn in Apr-Dec, accounting for 132.4% of the Budget estimate for the full financial year.

Outlook

The current economic scenario with rising inflation trajectory and slowing growth needs an effective monetary and fiscal policies and has to work in tandem to stimulate growth. We expect MPC to pause in Feb’20 policy while maintaining accommodative stance with likely upward revision in inflation estimates. The MPC will be keenly watching sustainability of food prices in the coming months. We also expect RBI to continue maintaining surplus system liquidity in order to facilitate earlier rate cuts transmission.

After seeing concentrated returns in certain large caps for a long period of time, the month of January saw increased allocation towards mid and small caps. Equity markets see some green shoots in the economy in FY21 on the back of good monsoon which has lead to increased rabi sowing and excellent water tables. The recovery in mid and small cap indices indicates that the markets are expecting a broad based recovery in the economy in FY21. Particularly rural themed stocks like Fertilizers, Tractors, Automobiles, Rural focussed NBFC’s were in action during the month. Most of the earnings growth built in FY21, is private banks driven and susceptible to the economy not recovering.

Macro parameters continue to weaken with high CPI inflation dampening any expectations of a rate cut. Expectations of a fiscally loose central budget for FY21 were dampened as there was no direct cut in individual tax rates. There were some positives in the central budget like removal of DDT and some tax leeway for sovereign funds to invest in Infrastructure assets in India. Also the fiscal deficit numbers for FY21 seem to be achievable provided the government is able to meet its disinvestment target.

Despite all the negatives like global trade wars, spread of Coronavirus and budget expectations dampened, Indian markets continue to trade strong. We expect the shift of allocation towards the broader market to continue and hence would recommend SIP’s in market cap agnostic funds like Multicap.

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How to read the Factsheet

Fund Manager: An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.Application Amount for Fresh Subscription:This is the minimum investment amount for a new investor in a mutual fund scheme.Minimum Additional Amount:This is the minimum investment amount for an existing investor in a mutual fund scheme.Yield to Maturity:The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.SIP:SIP or systematic investment plan works on the principle of making periodic investment of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs. 500 every 15th of the month in an equity fund for a period of three years.NAV:The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.Benchmark:A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10- year Gsec.Entry Load:A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent.Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs. 101.Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.Exit Load:Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs. 100 and the exit load is 1%, the redemption price would be Rs. 99 per unit.Modified Duration:Modified duration is the price sensitivity and the percentage change in price for a unit change in yield.Standard Deviation:Standard Deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.Sharpe Ratio:The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.Beta:Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.AUM:AUM or assets under management refers to the recent/ updated cumulative market value of investments managed by a mutual fund or any investment firm.Holdings:The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/ securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.Nature of Scheme:The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.Rating Profile:Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.Portfolio Turnover:Portfolio Turnover is a measure of how frequently assets within a fund are bought and sold by the managers.R-Squared:R-Squared is a statistical measure that represents the percentage of a fund or security’s movements that can be explained by movements in a benchmark index.Average Maturity:In a mutual fund containing debt securities, Average Maturity is the average amount of time until the debt securities mature.Portfolio Yield:Portfolio Yield is computed by determining the cash flows for the portfolio and determining the interest rate that will make the present value of the cash flows equal to the market value of the portfolio.Total Expense Ratio:Weighted Average i.e. Total Expense of the month / average Asset / number of days in month* days in a year.

Tax on Dividend Distribution Nature Individual/HUF Domestic Companies

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

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

n

t=1∑ t * C

(1+y)t

n * M

(1+y)n

Current Bond PriceMacaulay Duration =

+

Where:

t = respective time period

C = periodic coupon payment

y = periodic yield

n = total number of periods

M = maturity valueCurrent Bond Price = Present value of cash flows

Example Calculation

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

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

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

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

Next, multiply the year’s cash flow by the year number and by its corresponding discount factor to find the present value of the cash flow.

Period Present value formula Present ValueYear 1 1 * ` 60 * 0.9434 ` 56.60

Year 2 2 * ` 60 * 0.8900 ` 106.80

Year 3 3 * ` 60 * 0.8396 ` 151.13

Year 4 4 * ` 60 * 0.7921 ` 190.10

Year 5 5 * ` 60 * 0.7473 ` 224.18

Year 6 6 * ` 1,060 * 0.7050 ` 4,483.55

Sum these values = ` 5,212.36 = numerator

Current Bond Price = sum of PV Cash Flows = 60/(1 + 6%)^1 + 60/(1 + 6%)^2 +...+ 1060/(1 + 6%)^6 = ` 1,000 = denominator

Macaulay duration = ` 5,212.36 / ` 1,000 = 5.21

A coupon paying bond will always have its duration less than its time to maturity. In the example above, the duration of 5.21 years is less than the time to maturity of 6 years.

Sr No.

Name of existing scheme(s) SEBI Classificaiton

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

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

C. Hybrid Schemes :7 Essel Regular Savings Fund Conservative Hybrid Fund8 Essel Equity Hybrid Fund Aggressive Hybrid Fund9 Essel 3 in 1 Fund Multi Asset Allocation10 Essel Arbitrage Fund Arbitrage Fund

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Portfolio as on January 31, 2020Portfolio Holdings Sector % of Net

AssetsEQUITY & EQUITY RELATED 96.33%HDFC BANK LTD BANKS 6.57%ICICI BANK LTD BANKS 6.57%CIPLA PHARMACEUTICALS 4.84%KOTAK MAHINDRA BANK LTD BANKS 4.73%AXIS BANK LTD BANKS 3.85%THE FEDERAL BANK LTD BANKS 3.80%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 3.58%CAN FIN HOMES LTD FINANCE 3.52%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 3.50%GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD CONSUMER NON DURABLES 3.02%INDUSIND BANK LTD BANKS 2.52%SUNDRAM FASTENERS LTD AUTO ANCILLARIES 2.48%AMBER ENTERPRISES INDIA LTD CONSUMER DURABLES 2.47%PI INDUSTRIES LTD PESTICIDES 2.44%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 2.42%MAX FINANCIAL SERVICES LTD FINANCE 2.12%CADILA HEALTHCARE LTD PHARMACEUTICALS 1.99%HDFC LIFE INSURANCE COMPANY LTD FINANCE 1.93%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 1.88%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 1.86%GARWARE TECHNICAL FIBRES LTD TEXTILE PRODUCTS 1.80%CITY UNION BANK LTD BANKS 1.67%ACC LTD CEMENT 1.61%JINDAL STEEL POWER LTD FERROUS METALS 1.59%HCL TECHNOLOGIES LTD SOFTWARE 1.59%BHARTI AIRTEL LTD TELECOM - SERVICES 1.59%RATNAMANI METALS & TUBES LTD FERROUS METALS 1.43%SIEMENS LTD INDUSTRIAL CAPITAL GOODS 1.40%V-MART RETAIL LTD RETAILING 1.27%TATA STEEL LTD FERROUS METALS 1.12%MUTHOOT CAPITAL SERVICES LTD FINANCE 1.10%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 0.99%ASTRAL POLY TECHNIK LTD INDUSTRIAL PRODUCTS 0.96%THERMAX LTD INDUSTRIAL CAPITAL GOODS 0.92%DEVELOPMENT CREDIT BANK LTD BANKS 0.90%RALLIS INDIA LTD PESTICIDES 0.88%NESCO LTD COMMERCIAL SERVICES 0.85%SWARAJ ENGINES LTD INDUSTRIAL PRODUCTS 0.81%JSW STEEL LTD FERROUS METALS 0.76%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.69%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 0.58%COROMANDEL INTERNTL. LTD FERTILISERS 0.51%CHOLAMANDALAM INVESTMENT AND FINANCE CO. LTD FINANCE 0.50%MINDTREE LTD SOFTWARE 0.42%CCL PRODUCTS (INDIA) LTD. CONSUMER NON DURABLES 0.42%SHREE CEMENTS LTD CEMENT 0.42%ULTRATECH CEMENT LTD CEMENT 0.41%ESCORTS LTD AUTO 0.41%HAVELLS INDIA LTD CONSUMER DURABLES 0.40%PIRAMAL ENTERPRISES LTD PHARMACEUTICALS 0.38%GODFREY PHILLIPS INDIA LTD. CONSUMER NON DURABLES 0.38%ABBOTT INDIA LTD PHARMACEUTICALS 0.35%BAJAJ ELECTRICALS LTD CONSUMER DURABLES 0.33%CREDITACCESS GRAMEEN LTD FINANCE 0.33%BAJAJ AUTO LTD AUTO 0.31%SBI LIFE INSURANCE COMPANY LTD FINANCE 0.16%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

3.67%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of Rs 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.Allotment Date30th December, 2015

Fund Size` 60.19 Crs (Monthly AAUM for January, 2020)

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

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

Fund ManagerMr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 07th December 2019

Net Asset Value (NAV) as on January 31, 2020 (in Rs) (Last Business Day Of The Month)Plan / Option Regular Plan Direct Plan

GROWTH 15.1892 16.2429NORMAL DIVIDEND 15.1903 16.0770

Performance as on January 31, 2020 (Last Business Day Of The Month)

Period ESSEL LONg TERM ADVANTAgE FUND

S&P BSE 100* @

NIFTY 50* @@

1 year returns % 12.10% 10.58% 11.84%3 year CAGR % 9.48% 12.47% 13.29%Since Inception CAGR % 10.76% 11.88% 12.14%Current Value of investment if ` 10000/- was invested on Inception date (in `) 15189.20 15827.20 15977.35

Current Value of investment if ` 10000/- was invested prior 1 year (in `) 11209.82 11058.37 11184.43


* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other scheme managed by Mr.Saravana Kumar please refer to page nos. 5, 6 & 8.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

SIP ReturnsSIP Tenure (in years) 1 3

Investment Amount 10000.00 10000.00

Start Date 01-Feb-2019 01-Feb-2017

End Date 31-Jan-2020 31-Jan-2020

Total no of Installments 12 36

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

Present value (Rs) 1,28,009.29 3,98,638.75

Total No Units 8,427.65 26,244.88

CAGR (%) 13.83 7.04

XIRR(%) 12.63 6.74

Yield (%) 6.68 10.74

SIP date every 1st business day of the monthPast performance may or may not be sustained in the future. Assuming ` 10,000 invested systematicallyon the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.

As on January 31, 2020TER - Reg (%)# 2.25TER - Direct (%)# 0.79Portfolio Turnover Ratio (Times) 1.24

# - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14

For statutory details please refer to page no. 14 & 15

Asset Allocation

96.33%

3.67%

Equity

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

Market Capitalisation (%)

Small Cap Mid Cap Large Cap

20.48%

27.63%

48.27%

Industry Allocation - Equity (%)

30.61%

11.52%8.46% 7.56%

4.90% 3.82% 3.50% 3.47% 3.32% 3.20% 2.46% 2.44% 2.32% 2.01% 1.80% 1.59% 1.27% 0.85% 0.72% 0.51%

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ESSEL LONg TERM ADVANTAgE FUND

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

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ESSEL MULTI CAP FUND

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



AssetsEQUITY & EQUITY RELATED 96.74%ICICI BANK LTD BANKS 9.73%HDFC BANK LTD BANKS 6.33%KOTAK MAHINDRA BANK LTD BANKS 5.97%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 4.75%INDUSIND BANK LTD BANKS 3.87%BAJAJ FINANCE LTD FINANCE 3.83%AXIS BANK LTD BANKS 3.81%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 3.02%CIPLA PHARMACEUTICALS 2.68%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 2.65%BHARTI AIRTEL LTD TELECOM - SERVICES 2.51%BIRLA CORPORATION LTD CEMENT 2.35%ABBOTT INDIA LTD PHARMACEUTICALS 2.28%TATA CONSULTANCY SERVICES LTD SOFTWARE 2.16%PIRAMAL ENTERPRISES LTD PHARMACEUTICALS 2.01%ULTRATECH CEMENT LTD CEMENT 1.91%INFOSYS LTD SOFTWARE 1.90%JSW STEEL LTD FERROUS METALS 1.72%CONTAINER CORPORATION OF INDIA LTD TRANSPORTATION 1.62%NESTLE INDIA LTD CONSUMER NON DURABLES 1.61%GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD CONSUMER NON DURABLES 1.55%JINDAL STEEL POWER LTD FERROUS METALS 1.54%CITY UNION BANK LTD BANKS 1.52%CHOLAMANDALAM INVESTMENT AND FINANCE CO. LTD FINANCE 1.52%DIVIS LABORATORIES LTD PHARMACEUTICALS 1.42%SBI LIFE INSURANCE COMPANY LTD FINANCE 1.31%SHREE CEMENTS LTD CEMENT 1.29%LAURUS LABS LTD PHARMACEUTICALS 1.23%WHIRLPOOL OF INDIA LTD CONSUMER DURABLES 1.20%RALLIS INDIA LTD PESTICIDES 1.17%ICICI LOMBARD GENERAL INSURANCE COMPANY LTD FINANCE 1.17%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 1.15%ASTRAL POLY TECHNIK LTD INDUSTRIAL PRODUCTS 1.01%BAJAJ AUTO LTD AUTO 0.99%CCL PRODUCTS (INDIA) LTD. CONSUMER NON DURABLES 0.99%CAN FIN HOMES LTD FINANCE 0.97%CADILA HEALTHCARE LTD PHARMACEUTICALS 0.94%ASIAN PAINTS LTD CONSUMER NON DURABLES 0.86%AMBER ENTERPRISES INDIA LTD CONSUMER DURABLES 0.84%ITC LTD CONSUMER NON DURABLES 0.83%TORRENT PHARAMACEUTICALS LTD PHARMACEUTICALS 0.70%SUNDRAM FASTENERS LTD AUTO ANCILLARIES 0.64%THERMAX LTD INDUSTRIAL CAPITAL GOODS 0.62%HINDUSTAN UNILEVER LTD CONSUMER NON DURABLES 0.54%ACC LTD CEMENT 0.51%VINATI ORGANICS LTD CHEMICALS 0.50%HCL TECHNOLOGIES LTD SOFTWARE 0.49%HDFC LIFE INSURANCE COMPANY LTD FINANCE 0.47%COROMANDEL INTERNTL. LTD FERTILISERS 0.46%MAX FINANCIAL SERVICES LTD FINANCE 0.34%TATA STEEL LTD FERROUS METALS 0.33%ESCORTS LTD AUTO 0.31%HAVELLS INDIA LTD CONSUMER DURABLES 0.24%MINDTREE LTD SOFTWARE 0.13%BAJAJ ELECTRICALS LTD CONSUMER DURABLES 0.10%CREDITACCESS GRAMEEN LTD FINANCE 0.10%MARUTI SUZUKI INDIA LTD AUTO 0.05%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

3.26%

Total 100.00%

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

Allotment Date9th July, 2018


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

Debt & Money market Instruments: 0% To 35%

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

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

Fund ManagerMr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 17th May -2019Mr. Suraj Makhija (Total Experience 10 years) managing this fund w.e.f. 17th May -2019


Period ESSEL MULTICAP FUND

NIFTY 500 TRI*@

NIFTY 50* @@

1 year CAGR % 13.42% 10.83% 11.84%Since Inception CAGR % 7.47% 5.17% 7.70%Current Value of investment if ` 10000/- was invested on Inception date (in `) 11193.40 10821.23 11230.17


* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other scheme managed by Mr. Saravana Kumar please refer to page nos. 4,6 & 8.For performance of other scheme managed by Mr. Suraj Makhija please refer to page nos. 7, 9 & 10.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.The scheme has completed 1 year only, hence 3 years & 5 years returns are not provided.

SIP ReturnsSIP Tenure (in years) 1Investment Amount 10000.00Start Date 01-Feb-2019End Date 31-Jan-2020Total no of Installments 12Total Amount Invested (Rs) 1,20,000.00Present value (Rs) 1,27,466.54Total No Units 11387.65CAGR (%) 12.87XIRR(%) 12.01Yield (%) 6.36


As on January 31, 2020

TER - Reg (%)# 2.50TER - Direct (%)# 0.58Portfolio Turnover Ratio (Times) 1.79



Growth 11.1934 11.5872 Normal Dividend 11.1948 11.5174 Monthly Dividend 11.1929 11.5176 Quarterly Dividend 11.1941 11.5249 Half Yearly Dividend 11.1947 11.5180 Annual Dividend 11.1941 11.5189

Asset Allocation

96.74%

3.26%

Equity

Cash & Cash Equivalent (including TREPS/(TBILLheld as Collateral)/Reverse Repo/Net CurrentAssets)


9.20%

12.70%

74.86%

Industry Allocation - Equity(%)

31.23%

12.73%11.26%

6.38% 6.06% 4.75% 4.68% 3.59% 2.65% 2.51% 2.38% 2.16% 1.62% 1.35% 1.17% 0.64% 0.62% 0.50% 0.46%

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AssetsEQUITY & EQUITY RELATED 98.21%CIPLA PHARMACEUTICALS 6.62%ICICI BANK LTD BANKS 4.89%HDFC BANK LTD BANKS 4.72%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 4.18%THE FEDERAL BANK LTD BANKS 3.62%KOTAK MAHINDRA BANK LTD BANKS 3.18%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 2.86%CITY UNION BANK LTD BANKS 2.75%MAX FINANCIAL SERVICES LTD FINANCE 2.74%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 2.64%SUNDRAM FASTENERS LTD AUTO ANCILLARIES 2.62%AXIS BANK LTD BANKS 2.56%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 2.28%PI INDUSTRIES LTD PESTICIDES 2.17%GARWARE TECHNICAL FIBRES LTD TEXTILE PRODUCTS 2.16%CAN FIN HOMES LTD FINANCE 2.13%ALKEM LABORATORIES LTD PHARMACEUTICALS 2.07%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 2.01%L&T TECHNOLOGY SERVICES LTD SOFTWARE 1.97%HDFC LIFE INSURANCE COMPANY LTD FINANCE 1.96%HCL TECHNOLOGIES LTD SOFTWARE 1.91%INDUSIND BANK LTD BANKS 1.84%PIRAMAL ENTERPRISES LTD PHARMACEUTICALS 1.82%RATNAMANI METALS & TUBES LTD FERROUS METALS 1.78%SUNDARAM FINANCE LTD FINANCE 1.78%ASTRAL POLY TECHNIK LTD INDUSTRIAL PRODUCTS 1.70%RALLIS INDIA LTD PESTICIDES 1.70%GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD CONSUMER NON DURABLES 1.61%THERMAX LTD INDUSTRIAL CAPITAL GOODS 1.57%NESCO LTD COMMERCIAL SERVICES 1.53%AMBER ENTERPRISES INDIA LTD CONSUMER DURABLES 1.40%BHARTI AIRTEL LTD TELECOM - SERVICES 1.37%V-MART RETAIL LTD RETAILING 1.37%JINDAL STEEL POWER LTD FERROUS METALS 1.36%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 1.32%SOLAR INDUSTRIES INDIA LTD CHEMICALS 1.31%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 1.12%CADILA HEALTHCARE LTD PHARMACEUTICALS 0.95%MUTHOOT CAPITAL SERVICES LTD FINANCE 0.92%ACC LTD CEMENT 0.92%DEVELOPMENT CREDIT BANK LTD BANKS 0.87%APCOTEX INDUSTRIES LTD INDUSTRIAL PRODUCTS 0.70%TATA STEEL LTD FERROUS METALS 0.64%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 0.61%ESCORTS LTD AUTO 0.60%CHOLAMANDALAM INVESTMENT AND FINANCE CO. LTD FINANCE 0.51%CCL PRODUCTS (INDIA) LTD. CONSUMER NON DURABLES 0.48%GODFREY PHILLIPS INDIA LTD. CONSUMER NON DURABLES 0.47%INFOSYS LTD SOFTWARE 0.46%JSW STEEL LTD FERROUS METALS 0.44%COROMANDEL INTERNTL. LTD FERTILISERS 0.39%SANOFI INDIA LTD PHARMACEUTICALS 0.36%SHREE CEMENTS LTD CEMENT 0.32%MINDTREE LTD SOFTWARE 0.24%ULTRATECH CEMENT LTD CEMENT 0.23%BIRLA CORPORATION LTD CEMENT 0.23%HAVELLS INDIA LTD CONSUMER DURABLES 0.23%ADITYA BIRLA FASHION & RETAIL LTD RETAILING 0.22%BAJAJ AUTO LTD AUTO 0.21%BAJAJ ELECTRICALS LTD CONSUMER DURABLES 0.19%CREDITACCESS GRAMEEN LTD FINANCE 0.19%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.12%SBI LIFE INSURANCE COMPANY LTD FINANCE 0.09%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

1.79%

Total 100.00%

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


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

Scheme FeaturesExit Load : Upto 15% of units redeemed within 365 days of allotment-NILMore than 15% of units redeemed within 365 days of allotment-1%Units redeemed after 365 days from date of allotment-NILMinimum Amount: ` 1,000/- and in multiples of ` 1/- thereafterBenchmark : S&P BSE 250 Large Mid Cap Index*

Fund ManagerMr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 07th December 2019


GROWTH 16.2649 17.4746

NORMAL DIVIDEND 16.2610 17.2841

HALF YEARLY DIVIDEND - 17.1815

ANNUAL DIVIDEND 16.7273 17.2239


Period Essel Large & Midcap Fund

S&P BSE 250 Large Mid Cap

Index*@

NIFTY 50* @@

1 year CAGR % 14.41% 11.29% 11.84%3 year CAGR % 9.73% 12.33% 13.29%Since Inception CAGR % 12.42% 12.14% 12.39%Current Value of investment if ` 10000/- was invested on Inception date (in `) 16264.90 16094.74 16246.56



* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional BenchmarkFor performance of other scheme managed by Mr.Saravana Kumar please refer to page nos.4, 5 & 8.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan - Growth Option.

SIP ReturnsSIP Tenure (in years) 1 3Investment Amount 10,000.00 10,000.00Start Date 01-Feb-2019 01-Feb-2017End Date 31-Jan-2020 31-Jan-2020Total no of Installments 12 36Total Amount Invested (Rs) 1,20,000.00 3,60,000.00Present value (Rs) 1,28,875.01 4,01,137.27Total No Units 7,923.50 24662.76CAGR (%) 15.38 7.49XIRR(%) 13.79 7.09Yield (%) 7.28 11.31


As on January 31, 2020TER - Reg (%)! 2.30TER - Direct (%)! 0.67Portfolio Turnover Ratio (Times) 1.31

! - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14

Asset Allocation

98.21%

1.79%

Equity

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

Market Capitalisation (%)


20.23%

38.00%

39.94%


24.43%

15.19%11.82%

9.34%

4.58% 4.22% 3.87% 3.74%2.89% 2.56% 2.16% 1.82%1.70% 1.59% 1.57%1.53% 1.37% 1.32% 1.31% 0.81% 0.39%

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ESSEL LARgE & MIDCAP FUND

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


7


AssetsEQUITY & EQUITY RELATED 97.21%HDFC BANK LTD BANKS 8.21%ICICI BANK LTD BANKS 7.30%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 6.63%INFOSYS LTD SOFTWARE 5.98%KOTAK MAHINDRA BANK LTD BANKS 5.48%AXIS BANK LTD BANKS 4.43%ITC LTD CONSUMER NON DURABLES 3.98%STATE BANK OF INDIA BANKS 3.80%GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD CONSUMER NON DURABLES 3.73%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 3.27%HCL TECHNOLOGIES LTD SOFTWARE 2.87%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 2.75%BHARTI AIRTEL LTD TELECOM - SERVICES 2.36%BAJAJ FINANCE LTD FINANCE 2.26%CIPLA PHARMACEUTICALS 2.14%MARUTI SUZUKI INDIA LTD AUTO 2.14%THE FEDERAL BANK LTD BANKS 1.95%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 1.88%INDUSIND BANK LTD BANKS 1.70%ESCORTS LTD AUTO 1.62%CONTAINER CORPORATION OF INDIA LTD TRANSPORTATION 1.56%MAX FINANCIAL SERVICES LTD FINANCE 1.42%HDFC LIFE INSURANCE COMPANY LTD FINANCE 1.37%LUPIN LTD PHARMACEUTICALS 1.35%BIRLA CORPORATION LTD CEMENT 1.31%ULTRATECH CEMENT LTD CEMENT 1.13%TATA CONSULTANCY SERVICES LTD SOFTWARE 1.09%BAJAJ AUTO LTD AUTO 1.05%ASHOK LEYLAND LTD AUTO 1.04%BHARAT PETROLEUM CORPORATION LTD PETROLEUM PRODUCTS 1.02%TECH MAHINDRA LTD SOFTWARE 1.01%JINDAL STEEL POWER LTD FERROUS METALS 1.00%DIVIS LABORATORIES LTD PHARMACEUTICALS 1.00%INTERGLOBE AVIATION LTD TRANSPORTATION 1.00%CUMMINS INDIA LTD INDUSTRIAL PRODUCTS 0.97%MAHINDRA & MAHINDRA LTD AUTO 0.97%CCL PRODUCTS (INDIA) LTD. CONSUMER NON DURABLES 0.95%TATA MOTORS LTD AUTO 0.79%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.76%LAURUS LABS LTD PHARMACEUTICALS 0.55%AUROBINDO PHARMA LTD PHARMACEUTICALS 0.51%CADILA HEALTHCARE LTD PHARMACEUTICALS 0.50%TATA STEEL LTD FERROUS METALS 0.38%NON-CONVERTIBLE DEBENTURE / ZCB 0.01%BRITANNIA INDUSTRIES LTD CRISIL AAA 0.01%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

2.78%

Total 100.00%

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


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

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

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

Dividend History

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

Dividend Nav (In `)

Individual/HUF Corporate

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


Asset Allocation Market Capitalisation (%)

97.21%

0.01% 2.78%

Equity

Non-convertible Debenture / ZCB

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


5.19%

8.76%

83.25%


32.87%

10.95%8.66% 7.80% 7.65% 7.61% 6.05%

3.27% 2.85% 2.56% 2.44% 2.36% 1.38% 0.76%

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Growth 24.2432 26.6033 Normal Dividend 15.2720 16.3866 Quarterly Dividend 16.9360 17.1147 Half Yearly Dividend 15.6014 18.0944 Yearly Dividend 16.6943 18.6116

ESSEL LARgE CAP EQUITY FUND

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

Performance as on January 31, 2020 (Last Business Day Of The Month) Period Essel Large Cap

Equity FundNifty

50*@@Nifty

50*@@@1 year returns % 12.30% 11.84% 11.84%3 year CAGR % 9.50% 13.29% 13.29%5 year CAGR % 7.40% 7.67% 7.67%Since Inception CAGR % 11.19% 12.53% 12.53%Current Value of investment if ` 10000/- was invested on Inception date (in `)

24243.20 26785.14 26785.14

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

11229.58 11184.43 11184.43


13130.20 14539.51 14539.51


14293.75 14476.22 14476.22

* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @@ - Benchmark @@@ - Additional BenchmarkFor performance of other schemes managed by Mr. Suraj Makhija please refer to page nos. 5, 9 & 10.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

SIP ReturnsSIP Tenure 3 5Investment Amount 10000.00 10000.00Start Date 01-Feb-2017 02-Feb-2015End Date 31-Jan-2020 31-Jan-2020Total No. Of Instalments 36 60Total Amount Invested 3,60,000.00 6,00,000.00Present Value 394810.95 739156.30Total No. Of Units 16,285.43 30489.22CAGR 6.35 8.71XIRR 6.31 8.41Yield 10.03 23.59

SIP date every 1st business day of the monthPast performance may or may not be sustained in the future. Assuming Rs10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.

Risk Measures January, 2020Standard Deviation^(%) 3.45Benchmark Standard Deviation^ (%) 3.57Sharpe Ratio~ 0.11Beta 0.88TER - Reg (%)# 2.30TER - Direct (%)# 1.03Portfolio Turnover Ratio (Times) 1.53

# - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14^Statistical returns based on monthly returns over the past 3 year data as on January 31, 2020.~ 1 day MIBOR has been assumed as the risk-free rate of return.

8

ESSEL EQUITY HYBRID FUND

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



AssetsEQUITY & EQUITY RELATED 75.57%ICICI BANK LTD BANKS 8.28%HDFC BANK LTD BANKS 5.37%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 4.56%AXIS BANK LTD BANKS 4.45%KOTAK MAHINDRA BANK LTD BANKS 4.23%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 2.83%TATA CONSULTANCY SERVICES LTD SOFTWARE 2.53%INDUSIND BANK LTD BANKS 2.53%BAJAJ FINANCE LTD FINANCE 2.51%ABBOTT INDIA LTD PHARMACEUTICALS 2.49%INFOSYS LTD SOFTWARE 2.26%GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD CONSUMER NON DURABLES 2.21%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 2.09%ULTRATECH CEMENT LTD CEMENT 2.07%CITY UNION BANK LTD BANKS 2.01%CONTAINER CORPORATION OF INDIA LTD TRANSPORTATION 1.85%SHREE CEMENTS LTD CEMENT 1.63%TORRENT PHARAMACEUTICALS LTD PHARMACEUTICALS 1.54%BIRLA CORPORATION LTD CEMENT 1.49%BHARTI AIRTEL LTD TELECOM - SERVICES 1.48%JINDAL STEEL POWER LTD FERROUS METALS 1.34%NESTLE INDIA LTD CONSUMER NON DURABLES 1.30%CIPLA PHARMACEUTICALS 1.30%CHOLAMANDALAM INVESTMENT AND FINANCE CO. LTD FINANCE 1.22%ICICI LOMBARD GENERAL INSURANCE COMPANY LTD FINANCE 1.14%CAN FIN HOMES LTD FINANCE 1.13%HDFC LIFE INSURANCE COMPANY LTD FINANCE 1.02%JSW STEEL LTD FERROUS METALS 1.00%PIRAMAL ENTERPRISES LTD PHARMACEUTICALS 0.93%AMBER ENTERPRISES INDIA LTD CONSUMER DURABLES 0.80%CADILA HEALTHCARE LTD PHARMACEUTICALS 0.77%WHIRLPOOL OF INDIA LTD CONSUMER DURABLES 0.60%BAJAJ AUTO LTD AUTO 0.55%HCL TECHNOLOGIES LTD SOFTWARE 0.49%MARUTI SUZUKI INDIA LTD AUTO 0.47%ITC LTD CONSUMER NON DURABLES 0.47%COROMANDEL INTERNTL. LTD FERTILISERS 0.45%RALLIS INDIA LTD PESTICIDES 0.33%ACC LTD CEMENT 0.29%ASIAN PAINTS LTD CONSUMER NON DURABLES 0.25%HAVELLS INDIA LTD CONSUMER DURABLES 0.23%MAX FINANCIAL SERVICES LTD FINANCE 0.22%VINATI ORGANICS LTD CHEMICALS 0.22%ESCORTS LTD AUTO 0.15%MINDTREE LTD SOFTWARE 0.12%DIVIS LABORATORIES LTD PHARMACEUTICALS 0.10%BAJAJ ELECTRICALS LTD CONSUMER DURABLES 0.10%CREDITACCESS GRAMEEN LTD FINANCE 0.10%SBI LIFE INSURANCE COMPANY LTD FINANCE 0.05%THERMAX LTD INDUSTRIAL CAPITAL GOODS 0.02%CERTIFICATES OF DEPOSIT 2.85%AU SMALL FINANCE BANK LTD CRISIL A1+ 1.93%ICICI BANK LTD ICRA A1+ 0.92%COMMERCIAL PAPERS 15.53%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL A1+ 11.14%AXIS FINANCE LTD CRISIL A1+ 4.25%RELIANCE JIO INFOCOMM LTD CRISIL A1+ 0.07%RELIANCE RETAIL LTD CARE A1+ 0.07%NON-CONVERTIBLE DEBENTURE / ZCB 1.95%LIC HOUSING FINANCE LTD CRISIL AAA 1.46%POWER FINANCE CORPORATION LTD CARE AAA 0.49%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

4.10%

Total 100.00%

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

Allotment Date30th April 2018


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

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

Fund ManagerDebt Portion: Mr. Archit Shah (Total Experience 10 years) managing this fund w.e.f: 6th March - 2019Equity Portion: Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 07th December 2019

Performance as on January 31, 2020 (Last Business day of the month)

Period Essel Equity Hybrid Fund

CRISIL Hybrid 35+65 - Aggressive

Index*@@

NIFTY 50*@@@

1 year CAGR % 11.07% 11.38% 11.84%Since Inception CAGR % 5.88% 7.15% 7.91%Current Value of investment if Rs 10000/- was invested on Inception date (in RS.)

11051.80 11284.31 11425.76

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

11107.45 11138.02 11184.43

* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @@ - Benchmark @@@ - Additional BenchmarkFor performance of other schemes managed by Mr. Archit Shah please refer to page nos. 9, 10, 11, 12 & 13.For performance of other scheme managed by Mr. Saravana Kumar please refer to page nos. 4, 5 & 6.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.The scheme has completed 1 year only, hence 3 years & 5 years returns are not provided.

SIP ReturnsSIP Tenure 1Investment Amount 10000.00Start Date 01-Feb-2019End Date 31-Jan-2020Total No. Of Instalments 12Total Amount Invested 1,20,000.00Present Value 126421.05Total No. Of Units 11,438.96CAGR 11.02XIRR 10.52Yield 5.58

SIP date every 1st business day of the monthPast performance may or may not be sustained in the future. Assuming Rs10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.

As on January 31, 2020Average Maturity (Yrs) (For debt portion of the portfolio only) 0.24Modified Duration (Yrs) (For debt portion of the portfolio only) 0.22TER - Reg (%)# 2.35TER - Direct (%)# 0.53Portfolio Yield (%) (For debt portion of the portfolio only) 5.37Portfolio Turnover Ratio (Times) 1.66


Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 17.46%BELOW 1 YEAR 0.92%ABOVE 1 YEAR 1.95%CASH & CASH EQUIVALENT 4.10%

Asset Allocation

75.57%

1.95%

2.85%

15.53%

4.10%

Equity

Non Convertible Debentures/Floating Rates Notes/Bonds

Certificate of Deposit

Commercial Papers

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


4.09%

9.46%

62..02%


26.87

9.48 7.13

5.48 5.40 4.56 4.23 2.83 2.34 1.85 1.73 1.48 1.17 0.45 0.33 0.22 0.02

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Portfolio Classification by Rating Class (%)

20.33%

75.57%

4.10%

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

Equity/InvIT/Compulsorily Convertible Debentures/Derivatives/FD

TREPS/ Cash & Cash Equivalent


Growth 11.0518 11.3854 Normal Dividend 11.0515 11.3694 Monthly Dividend 11.0515 11.3698 Quarterly Dividend 11.0519 11.3700 Half Yearly Dividend 11.0518 11.3709 Annual Dividend 11.0515 11.3716

9


AssetsEQUITY & EQUITY RELATED 69.02%ICICI BANK LTD BANKS 5.59%HDFC BANK LTD BANKS 4.80%KOTAK MAHINDRA BANK LTD BANKS 3.09%AXIS BANK LTD BANKS 3.02%THE FEDERAL BANK LTD BANKS 2.47%ITC LTD CONSUMER NON DURABLES 2.36%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 2.35%TECH MAHINDRA LTD SOFTWARE 2.26%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 2.17%GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD CONSUMER NON DURABLES 2.10%STATE BANK OF INDIA BANKS 2.08%CIPLA PHARMACEUTICALS 2.07%ESCORTS LTD AUTO 1.57%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 1.55%HCL TECHNOLOGIES LTD SOFTWARE 1.55%INFOSYS LTD SOFTWARE 1.44%CONTAINER CORPORATION OF INDIA LTD TRANSPORTATION 1.41%HDFC LIFE INSURANCE COMPANY LTD FINANCE 1.37%V-MART RETAIL LTD RETAILING 1.33%INDUSIND BANK LTD BANKS 1.27%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 1.21%BAJAJ CONSUMER CARE LTD CONSUMER NON DURABLES 1.20%BHARTI AIRTEL LTD TELECOM - SERVICES 1.20%SUNDRAM FASTENERS LTD AUTO ANCILLARIES 1.19%AUROBINDO PHARMA LTD PHARMACEUTICALS 1.15%MASTEK LTD SOFTWARE 1.06%RATNAMANI METALS & TUBES LTD FERROUS METALS 1.05%MAX FINANCIAL SERVICES LTD FINANCE 1.02%INTERGLOBE AVIATION LTD TRANSPORTATION 1.01%CADILA HEALTHCARE LTD PHARMACEUTICALS 1.00%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 0.96%BIRLA CORPORATION LTD CEMENT 0.95%SIEMENS LTD INDUSTRIAL CAPITAL GOODS 0.82%BHARAT PETROLEUM CORPORATION LTD PETROLEUM PRODUCTS 0.81%MUTHOOT CAPITAL SERVICES LTD FINANCE 0.80%H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.80%DIVIS LABORATORIES LTD PHARMACEUTICALS 0.79%CUMMINS INDIA LTD INDUSTRIAL PRODUCTS 0.75%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 0.71%ASHOK LEYLAND LTD AUTO 0.71%INDIAN OIL CORPORATION LTD PETROLEUM PRODUCTS 0.69%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.51%LAURUS LABS LTD PHARMACEUTICALS 0.51%BAJAJ AUTO LTD AUTO 0.45%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 0.45%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.36%TATA STEEL LTD FERROUS METALS 0.34%SWARAJ ENGINES LTD INDUSTRIAL PRODUCTS 0.29%CCL PRODUCTS (INDIA) LTD. CONSUMER NON DURABLES 0.29%NIIT LTD SOFTWARE 0.09%COMMERCIAL PAPERS 9.54%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL A1+ 9.54%NON-CONVERTIBLE DEBENTURE / ZCB 0.01%BRITANNIA INDUSTRIES LTD CRISIL AAA 0.01%MUTUAL FUNDS UNITS 11.11%NIPPON INDIA MUTUAL FUND 11.11%INVIT 4.53%INDIA GRID TRUST POWER UTILITIES 4.53%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

5.79%

Total 100.00%

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


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

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

Fund ManagerDebt Portion: Mr. Archit Shah (Total Experience 10 years) managing this fund w.e.f: 6th March - 2019.Equity Portion: Mr. Suraj Makhija (Total experience 10 years) managing this fund w.e.f. 17th May -2019


Growth 19.3180 21.0091

Normal Dividend 18.6314 -

Monthly Dividend 17.6551 18.0059

Quarterly Dividend 17.2360 18.3139

Annual Dividend - -

Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 9.54%

ABOVE 1 YEAR 0.01%

CASH & CASH EQUIVALENT 5.79%


Period Essel 3 in 1 Fund

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

Arbritage Index @ 40%

10 Year dated gOI Security

^@@

1 year CAGR % 11.63% 10.28% 10.84%3 year CAGR % 6.52% 8.66% 5.04%5 year CAGR % 6.15% 6.95% 7.33%Since Inception CAGR % 7.74% 7.87% 7.03%Current Value of investment if ` 10000/- was invested on Inception date (in `)

19318.00 19535.00 18219.85


11162.54 11028.00 11084.33


12085.16 12830.00 11588.76


13482.97 14000.00 14246.84

^ - The returns are calculated to the Total Return Index(TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark " For performance of other schemes managed by Mr. Suraj Makhija please refer to page nos. 5, 7 & 10.For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 8, 10, 11, 12 & 13.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.As on January 31, 2020Average Maturity (Yrs) (For debt portion of the portfolio only) 0.01Modified Duration (Yrs) (For debt portion of the portfolio only) 0.01TER - Reg (%)# 2.14TER - Direct (%)# 1.05Portfolio Yield (%) (For debt portion of the portfolio only) 4.63Portfolio Turnover Ratio (Times) 2.92


Asset Allocation

69.02%

9.54%

0.01%

4.53%

11.11%5.79%

Equity

Commercial Papers

NON-CONVERTIBLE DEBENTURE / ZCB

INVIT

Mutual Fund



11.98%

11.47%

45.57%

Industry Allocation - Equity(%)

22.32%

6.40% 5.95% 5.52% 4.68% 4.56% 4.40%2.73% 2.42% 2.35% 1.64% 1.39% 1.33% 1.20% 0.95% 0.82% 0.36%

Banks

Softw

are

Consu

mer N

on Du

rables

Pharm

aceutic

als

Indust

rial Pr

oducts

Petrol

eum Pr

oducts

Financ

e

Auto

Transp

ortation

Const

ruction

Proje

ct

Auto A

ncillar

ies

Ferrou

s Meta

ls

Retail

ing

Teleco

m - Se

rvices

Ceme

nt

Indust

rial Ca

pital G

oods

Health

care S

ervice

s

Portfolio Classification by Rating Class (%)84.66%

9.55% 5.79%

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

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


Dividend History (Quarterly)

Scheme / Plan Record Date

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

REGULAR MONTHLY DIVIDEND 02-Jan-20 0.11572289 0.11572289 17.6436DIRECT MONTHLY DIVIDEND 02-Jan-20 0.11793641 0.11793641 17.9825REGULAR MONTHLY DIVIDEND 05-Dec-19 0.11660830 0.11660830 17.4580DIRECT MONTHLY DIVIDEND 05-Dec-19 0.11873328 0.11873328 17.7792REGULAR MONTHLY DIVIDEND 30-Oct-19 0.11421769 0.11421769 17.3577DIRECT MONTHLY DIVIDEND 30-Oct-19 0.11616559 0.11616559 17.6589REGULAR MONTHLY DIVIDEND 03-Oct-19 0.11501456 0.11501456 17.0663DIRECT MONTHLY DIVIDEND 03-Oct-19 0.11696246 0.11696246 17.3519REGULAR MONTHLY DIVIDEND 05-Sep-19 0.11173855 0.11173855 16.7341DIRECT MONTHLY DIVIDEND 05-Sep-19 0.11350937 0.11350937 17.0010REGULAR MONTHLY DIVIDEND 01-Aug-19 0.11244688 0.11244688 16.6761DIRECT MONTHLY DIVIDEND 01-Aug-19 0.11404061 0.11404061 16.9226REGULAR MONTHLY DIVIDEND 04-Jul-19 0.11554581 0.11554581 17.5377DIRECT MONTHLY DIVIDEND 04-Jul-19 0.11705100 0.11705100 17.7777REGULAR MONTHLY DIVIDEND 06-Jun-19 0.11598851 0.11598851 17.5499DIRECT MONTHLY DIVIDEND 06-Jun-19 0.11722808 0.11722808 17.7707REGULAR MONTHLY DIVIDEND 02-May-19 0.11598851 0.11598851 17.4075DIRECT MONTHLY DIVIDEND 02-May-19 0.11722808 0.11722808 17.6027REGULAR MONTHLY DIVIDEND 04-Apr-19 0.11581143 0.11581143 17.5115DIRECT MONTHLY DIVIDEND 04-Apr-19 0.11696246 0.11696246 17.6921REGULAR MONTHLY DIVIDEND 06-Mar-19 0.11421769 0.11421769 17.3975DIRECT MONTHLY DIVIDEND 06-Mar-19 0.11528018 0.11528018 17.5602REGULAR MONTHLY DIVIDEND 06-Feb-19 0.11395207 0.11395207 17.3924DIRECT MONTHLY DIVIDEND 06-Feb-19 0.11492602 0.11492602 17.5395REGULAR QUARTERLY DIVIDEND 22-Mar-18 0.25102250 0.23256754 15.4047DIRECT QUARTERLY DIVIDEND 22-Mar-18 0.26108784 0.24189289 16.0255

ESSEL 3 IN 1 FUND

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


10



AssetsEQUITY & EQUITY RELATED 21.16%HDFC BANK LTD BANKS 1.93%ICICI BANK LTD BANKS 1.73%AXIS BANK LTD BANKS 0.86%KOTAK MAHINDRA BANK LTD BANKS 0.84%THE FEDERAL BANK LTD BANKS 0.75%TECH MAHINDRA LTD SOFTWARE 0.70%ITC LTD CONSUMER NON DURABLES 0.69%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 0.68%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 0.66%STATE BANK OF INDIA BANKS 0.64%GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD CONSUMER NON DURABLES 0.60%CIPLA PHARMACEUTICALS 0.57%ESCORTS LTD AUTO 0.46%HCL TECHNOLOGIES LTD SOFTWARE 0.45%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 0.44%H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.42%CONTAINER CORPORATION OF INDIA LTD TRANSPORTATION 0.42%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 0.41%RATNAMANI METALS & TUBES LTD FERROUS METALS 0.40%INFOSYS LTD SOFTWARE 0.39%HDFC LIFE INSURANCE COMPANY LTD FINANCE 0.39%INDUSIND BANK LTD BANKS 0.38%MASTEK LTD SOFTWARE 0.36%V-MART RETAIL LTD RETAILING 0.35%BAJAJ CONSUMER CARE LTD CONSUMER NON DURABLES 0.35%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 0.34%SUNDRAM FASTENERS LTD AUTO ANCILLARIES 0.33%BHARTI AIRTEL LTD TELECOM - SERVICES 0.33%SIEMENS LTD INDUSTRIAL CAPITAL GOODS 0.31%MAX FINANCIAL SERVICES LTD FINANCE 0.29%INTERGLOBE AVIATION LTD TRANSPORTATION 0.29%CADILA HEALTHCARE LTD PHARMACEUTICALS 0.27%BIRLA CORPORATION LTD CEMENT 0.26%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 0.26%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 0.25%MUTHOOT CAPITAL SERVICES LTD FINANCE 0.23%SWARAJ ENGINES LTD INDUSTRIAL PRODUCTS 0.23%DIVIS LABORATORIES LTD PHARMACEUTICALS 0.23%BHARAT PETROLEUM CORPORATION LTD PETROLEUM PRODUCTS 0.22%CUMMINS INDIA LTD INDUSTRIAL PRODUCTS 0.22%ASHOK LEYLAND LTD AUTO 0.20%INDIAN OIL CORPORATION LTD PETROLEUM PRODUCTS 0.19%BAJAJ AUTO LTD AUTO 0.17%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.16%LAURUS LABS LTD PHARMACEUTICALS 0.15%CCL PRODUCTS (INDIA) LTD. CONSUMER NON DURABLES 0.11%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.10%TATA STEEL LTD FERROUS METALS 0.10%NIIT LTD SOFTWARE 0.05%CERTIFICATES OF DEPOSIT 20.26%ICICI BANK LTD ICRA A1+ 12.14%AU SMALL FINANCE BANK LTD CRISIL A1+ 8.12%COMMERCIAL PAPERS 12.20%AXIS FINANCE LTD CRISIL A1+ 12.20%NON-CONVERTIBLE DEBENTURE / ZCB 30.32%RURAL ELECTRIFICATION CORPORATION LTD CRISIL AAA 11.02%POWER FINANCE CORPORATION LTD CARE AAA 11.01%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL AAA 8.29%BRITANNIA INDUSTRIES LTD CRISIL AAA 0.00%INVIT 3.06%INDIA GRID TRUST POWER UTILITIES 3.06%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

13.00%

Total 100.00%

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


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

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

Fund ManagerDebt Portion: Mr. Archit Shah (Total Experience 10 years) managing this fund w.e.f: 6th March'2019. Equity Portion: Mr. Suraj Makhija (Total experience 10 years) managing this fund w.e.f. 17th May -2019


GROWTH 20.0030 22.2058 MONTHLY DIVIDEND 10.3363 11.1893 QUARTERLY DIVIDEND 12.3024 13.5935

Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 20.32%BELOW 1 YEAR 31.45%ABOVE 1 YEAR 11.01%CASH & CASH EQUIVALENT 13.00%


Period Essel Regular Savings Fund

CRISIL Hybrid 85+15 -

Conservative Index^@

10 Year dated gOI

Security^@@1 year CAGR % 8.01% 11.40% 10.84%3 year CAGR % 5.44% 7.80% 5.04%5 year CAGR % 6.15% 8.41% 7.33%Since Inception CAGR % 7.56% 8.76% 6.96%Current Value of investment if ` 10000/- was invested on Inception date (in `)

20003.00 22232.38 18965.91


10801.22 11139.71 11084.33


11721.10 12528.46 11588.76


13480.29 14980.73 14246.84

^ - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Suraj Makhija please refer to page nos. 5, 7 & 9For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 8, 9, 11, 12, & 13.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.As on January 31, 2020Average Maturity (Yrs) (For debt portion of the portfolio only) 0.6Modified Duration (Yrs) (For debt portion of the portfolio only) 0.55TER - Reg (%)# 2.05TER - Direct (%)# 0.88Portfolio Yield (%) (For debt portion of the portfolio only) 5.63


Asset Allocation

21.16%

3.06%

20.26%

12.20%

30.32%

13.00%Equity

INVIT

Certificate of Deposits

Commercial Papers

Non Convertible Debentures/ Floating Rate Notes/ Bonds

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


7.13%

1.95% 1.75% 1.70%1.32% 1.25% 1.22% 0.86% 0.83% 0.71% 0.59% 0.50% 0.35% 0.33% 0.31% 0.26% 0.10%

Banks

Softw

are

Consu

mer N

on Du

rables

Indust

rial P

roduct

s

Petro

leum

Produ

cts

Finan

ce

Pharm

aceutic

als

Const

ruction

Proje

ct

Auto

Transp

ortatio

n

Auto

Ancill

aries

Ferro

us Me

tals

Retail

ing

Telec

om - S

ervice

s

Indust

rial C

apital

Good

s

Ceme

nt

Health

care S

ervice

s

Portfolio Classification by Rating Class (%)62.78%

24.22%

13.00%

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

Equity/ INVIT TREPS/ Cash & CashEquivalent

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

NAV (in `)Individual/HUF CorporateMONTHLY DIVIDEND 31-Jan-20 0.03724273 0.03448696 10.3363DIRECT MONTHLY DIVIDEND 31-Jan-20 0.04031728 0.03733401 11.1893MONTHLY DIVIDEND 27-Dec-19 0.03709307 0.03434838 10.3252DIRECT MONTHLY DIVIDEND 27-Dec-19 0.04012629 0.03715716 11.1689MONTHLY DIVIDEND 29-Nov-19 0.03725038 0.03449404 10.3362DIRECT MONTHLY DIVIDEND 29-Nov-19 0.04027779 0.03729745 11.1756MONTHLY DIVIDEND 25-Oct-19 0.03689597 0.03416586 10.2436DIRECT MONTHLY DIVIDEND 25-Oct-19 0.03987296 0.03692257 11.0695MONTHLY DIVIDEND 27-Sep-19 0.03703646 0.03429596 10.2731DIRECT MONTHLY DIVIDEND 27-Sep-19 0.03999342 0.03703411 11.0937MONTHLY DIVIDEND 30-Aug-19 0.03648782 0.03378791 10.1427DIRECT MONTHLY DIVIDEND 30-Aug-19 0.03936298 0.03645032 10.9423MONTHLY DIVIDEND 26-Jul-19 0.03654219 0.03383825 10.1557DIRECT MONTHLY DIVIDEND 26-Jul-19 0.03948532 0.03656361 10.9741MONTHLY DIVIDEND 28-Jun-19 0.03695878 0.03422403 10.2674DIRECT MONTHLY DIVIDEND 28-Jun-19 0.03989082 0.03693911 11.0823MONTHLY DIVIDEND 31-May-19 0.03723581 0.03448055 10.3297DIRECT MONTHLY DIVIDEND 31-May-19 0.04014447 0.03717399 11.1371MONTHLY DIVIDEND 26-Apr-19 0.03698303 0.03424648 10.2805DIRECT MONTHLY DIVIDEND 26-Apr-19 0.03981462 0.03686855 11.0682DIRECT MONTHLY DIVIDEND 22-Feb-19 0.03914311 0.03624672 10.8768DIRECT MONTHLY DIVIDEND 25-Jan-19 0.03926314 0.03635787 10.8937DIRECT MONTHLY DIVIDEND 28-Dec-18 0.03936720 0.03645423 10.9474MONTHLY DIVIDEND 28-Dec-18 0.03638972 0.03369707 10.1190DIRECT MONTHLY DIVIDEND 30-Nov-08 0.03936239 0.03644978 10.9390MONTHLY DIVIDEND 30-Nov-08 0.03642996 0.03373433 10.1236DIRECT MONTHLY DIVIDEND 26-Oct-18 0.03873271 0.03586670 10.7474DIRECT MONTHLY DIVIDEND 28-Sep-18 0.03909733 0.03620433 10.8398

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

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

ESSEL REgULAR SAVINgS FUND

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

11

ESSEL ARBITRAgE FUND

(An open ended scheme investing in arbitrage opportunities)


Portfolio as on January 31, 2020

Portfolio Holdings Sector % of Net Assets

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

63.99%

TATA CONSULTANCY SERVICES LTD SOFTWARE 9.89%

LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 9.77%

AMBUJA CEMENTS LTD CEMENT 9.73%

HERO MOTOCORP LTD AUTO 9.52%

UPL LTD PESTICIDES 9.02%

GLENMARK PHARMACEUTICALS LTD PHARMACEUTICALS 8.26%

MARICO LTD CONSUMER NON DURABLES 7.80%

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

36.01%

Total 100.00%

Key Scheme Information

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

Allotment Date28th August 2018


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

Equity or Equity Related Instruments : 65% to 100%

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

Debt and money market instruments : 0% to 35%

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

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

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

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

Fund ManagerEquity Portion: Mr. Pradeep Sukte (Total Experience 14 years) managing this fund w.e.f: 5th August 2019

Debt Portion: Mr. Archit Shah (Total Experience 10 years) managing this fund w.e.f: 6th March 2019


Growth 10.6592 10.7507 Normal Dividend 10.6756 10.7505 Monthly Dividend 12.1549 10.7701 Quarterly Dividend - 10.7559

Maturity Profile % WeightageCASH & CASH EQUIVALENT 36.01


Period ESSEL ARBITRAgE FUND

CRISIL Liquid Fund Index*@

NIFTY 50* @@

1 year CAGR % 4.14% 6.68% 11.84%

Since Inception CAGR % 4.57% 7.01% 2.45%

Current Value of investment if Rs 10000/- was invested on Inception date (in RS.) 10659.20 11016.01 10351.41

Current Value of investment if Rs 10000/- was invested prior 1 year (in RS.) 10413.65 10668.14 11184.43

* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 8, 9, 10, 12 & 13.

Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.The scheme has completed 1 year only, hence 3 years & 5 years returns are not provided.


TER - Reg (%)# 2.25

TER - Direct (%)# 1.77

Portfolio Turnover Ratio (Times) 11.78


Asset Allocation

63.99%36.01%

Equity

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


9.89% 9.77% 9.73% 9.52%9.02%

8.26%7.80%

Sof

twar

e

Con

stru

ctio

n P

roje

ct

Cem

ent

Aut

o

Pes

ticid

es

Pha

rmac

eutic

als

Con

sum

er N

on D

urab

les

12

ESSEL ULTRA SHORT TERM FUND

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


AssetsCERTIFICATES OF DEPOSIT 23.66%ICICI BANK LTD ICRA A1+ 12.12%AU SMALL FINANCE BANK LTD CRISIL A1+ 11.54%COMMERCIAL PAPERS 33.07%AXIS FINANCE LTD CRISIL A1+ 12.33%RELIANCE JIO INFOCOMM LTD CRISIL A1+ 10.37%RELIANCE RETAIL LTD CARE A1+ 10.37%NON-CONVERTIBLE DEBENTURE / ZCB 19.54%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL AAA 7.86%LIC HOUSING FINANCE LTD CRISIL AAA 7.76%RURAL ELECTRIFICATION CORPORATION LTD CRISIL AAA 3.92%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

23.73%

Total 100.00%

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

Allotment Date19th February 2010


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

Scheme FeaturesExit Load : NIL

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

Fund ManagerMr. Archit Shah (Total Experience 10 years) managing this fund w.e.f: 6th March'-2019

Dividend History (Monthly)

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

Dividend NAV (in `)


DIRECT MONTHLY DIVIDEND 31-Jan-20 3.76486059 3.48628049 1045.4166REGULAR PLAN MONTHLY DIVIDEND 31-Jan-20 3.67922524 3.40698171 1021.6207DIRECT MONTHLY DIVIDEND 27-Dec-19 3.76430677 3.48576766 1045.3278REGULAR PLAN MONTHLY DIVIDEND 27-Dec-19 3.68099991 3.40862507 1022.1904DIRECT MONTHLY DIVIDEND 29-Nov-19 3.77089962 3.49187267 1047.2406REGULAR PLAN MONTHLY DIVIDEND 29-Nov-19 3.68822998 3.41532015 1024.2789DIRECT MONTHLY DIVIDEND 25-Oct-19 3.76998593 3.49102659 1046.9217REGULAR PLAN MONTHLY DIVIDEND 25-Oct-19 3.68818356 3.41527716 1024.2031DIRECT MONTHLY DIVIDEND 27-Sep-19 3.76847398 3.48962651 1046.4931REGULAR PLAN MONTHLY DIVIDEND 27-Sep-19 3.68775368 3.4148791 1024.0712DIRECT MONTHLY DIVIDEND 30-Aug-19 3.7726865 3.49352733 1047.7708REGULAR PLAN MONTHLY DIVIDEND 30-Aug-19 3.69300727 3.41974395 1025.6363DIRECT MONTHLY DIVIDEND 26-Jul-19 3.762427 3.48402698 1044.9194REGULAR PLAN MONTHLY DIVIDEND 26-Jul-19 3.68443492 3.41180590 1023.2488DIRECT MONTHLY DIVIDEND 28-Jun-19 3.75714595 3.4791367 1043.3675REGULAR PLAN MONTHLY DIVIDEND 28-Jun-19 3.68091362 3.40854516 1022.1876DIRECT MONTHLY DIVIDEND 31-May-19 3.75803485 3.47995983 1043.7777REGULAR PLAN MONTHLY DIVIDEND 31-May-19 3.68344333 3.41088769 1023.0506DIRECT MONTHLY DIVIDEND 26-Apr-19 3.74810153 3.47076151 1040.9137REGULAR PLAN MONTHLY DIVIDEND 26-Apr-19 3.67568243 3.40370105 1020.7920DIRECT MONTHLY DIVIDEND 29-Mar-19 0.64504898 0.59731857 1007.5455REGULAR PLAN MONTHLY DIVIDEND 29-Mar-19 0.38110673 0.00 1010.8481DIRECT MONTHLY DIVIDEND 22-Feb-19 3.73707993 3.46055463 1037.8414REGULAR PLAN MONTHLY DIVIDEND 22-Feb-19 3.66970907 3.39816888 1019.1124DIRECT MONTHLY DIVIDEND 25-Jan-19 3.73590003 3.45946287 1037.5088REGULAR PLAN MONTHLY DIVIDEND 25-Jan-19 3.67080137 3.39918117 1019.4083DIRECT MONTHLY DIVIDEND 28-Dec-18 3.7328754 3.45666204 1036.6956REGULAR PLAN MONTHLY DIVIDEND 28-Dec-18 3.67101778 3.39938156 1019.4953DIRECT MONTHLY DIVIDEND 30-Nov-18 3.72867381 3.45277135 1035.5234REGULAR PLAN MONTHLY DIVIDEND 30-Nov-18 3.67004943 3.39848487 1019.2196DIRECT MONTHLY DIVIDEND 26-Oct-18 3.71820766 3.44307964 1032.5575REGULAR PLAN MONTHLY DIVIDEND 28-Sep-18 3.64291716 3.37336025 1011.8808DIRECT MONTHLY DIVIDEND 28-Sep-18 3.71418918 3.4393585 1031.7032

Net Asset Value (NAV) as on January 31, 2020 (in Rs) (Last Business Day Of The Month) Plan / Option Regular Plan Direct Plan

GROWTH 2,114.4420 2,206.9225 DAILY DIVIDEND 1,013.0675 1,006.6626 WEEKLY DIVIDEND 1,003.8554 1,004.6866 MONTHLY DIVIDEND 1,021.6207 1,045.4166

Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 44.61%BELOW 1 YEAR 23.90%ABOVE 1 YEAR 7.76%CASH & CASH EQUIVALENT 23.73%Face Value changed from ` 10/- to ` 1000/- with effect from 21st September 2014


Period Essel UltraShort Term

Fund

CRISIL Liquid Fund

Index ^@

1 Year govt.T-Bill ^@@

1 year returns % 6.08% 6.68% 7.25%

3 year CAGR % 6.27% 7.01% 6.70%5 year CAGR % 6.86% 7.31% 7.08%Since Inception CAGR % 7.81% 7.72% 6.78%Current Value of investment if ` 10000/- was invested on Inception date (in `)

21144.42 20966.28 19219.36


10608.20 10668.14 10725.17


12002.39 12254.37 12149.24


13940.32 14233.57 14082.43

^ - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 8, 9, 10, 11 & 13Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.


Average Maturity (Yrs) 0.43

Modified Duration (Yrs) 0.38

TER - Reg (%)# 1.05

TER - Direct (%)# 0.42

Portfolio Yield (%) 5.67# - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14

*CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on May 31, 2019). For statutory details please refer to page no. 14 & 15.

Asset Allocation

19.54%

23.66%

33.07%

23.73%Non Convertible Debentures/ Floating Rate Notes/ Bonds

Certificate Of Deposits

Commercial Paper

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

Scheme Performance vis-a-vis Benchmark (%)

6.08% 6.27%6.86%

7.81%

6.68%7.01%

7.31%7.72%

7.25%6.70%

7.08%6.78%

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

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


76.27%

23.73%

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


13

ESSEL LIQUID FUND

(An open ended liquid scheme)Portfolio as on January 31, 2020

Portfolio Holdings Sector % of Net Assets

COMMERCIAL PAPERS 54.20%AXIS FINANCE LTD CRISIL A1+ 16.60%RELIANCE JIO INFOCOMM LTD CRISIL A1+ 13.92%RELIANCE RETAIL LTD CARE A1+ 13.92%INDIAN OIL CORPORATION LTD CRISIL A1+ 9.76%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

45.80%

Total 100.00%

Key Scheme InformationInvestment ObjectiveTo provide a high level of liquidity with reasonable returns commensurate with low risk through a portfolio of money market and debt securities. However, there can be no assurance or guarantee that the investment objective of the scheme(s) will be achieved. The Scheme(s) does not assure or guarantee any returns.Allotment Date19th February 2010


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

Scheme FeaturesExit Load :

Investment period i.e no of days from date of

subscription NAV

Exit load as a % of Redemption Proceeds

1 Day 0.0070%2 Days 0.0065%3 Days 0.0060%4 Days 0.0055%5 Days 0.0050%6 Days 0.0045%

7 Days or more NILMinimum Amount: ` 1,000/- and inmultiples of ` 1 thereafterBenchmark : CRISIL Liquid Fund Index^

Fund ManagerMr. Archit Shah (Total Experience 10 years) managing this fund w.e.f: 22nd December'- 2017

Dividend History (Monthly)

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

Dividend NAV (in `)


REGULAR PLAN MONTHLY DIVIDEND 31-Jan-20 3.32464864 3.07864194 1,005.88DIRECT MONTHLY DIVIDEND 31-Jan-20 3.35929616 3.11072572 1005.9236REGULAR PLAN MONTHLY DIVIDEND 27-Dec-19 2.53856067 2.35072038 1,004.78DIRECT MONTHLY DIVIDEND 27-Dec-19 2.56550073 2.37566702 1004.8216REGULAR PLAN MONTHLY DIVIDEND 29-Nov-19 3.25427313 3.01347385 1005.7778DIRECT MONTHLY DIVIDEND 29-Nov-19 3.28856049 3.04522412 1005.8254REGULAR PLAN MONTHLY DIVIDEND 25-Oct-19 2.7316071 2.52948239 1005.0522DIRECT MONTHLY DIVIDEND 25-Oct-19 2.78469487 2.57864194 1005.1259REGULAR PLAN MONTHLY DIVIDEND 27-Sep-19 2.77878823 2.57317236 1005.1177DIRECT MONTHLY DIVIDEND 27-Sep-19 2.84217661 2.63187033 1005.2057REGULAR PLAN MONTHLY DIVIDEND 30-Aug-19 3.80229452 3.5209445 1006.5386DIRECT MONTHLY DIVIDEND 30-Aug-19 3.8810978 3.59391676 1006.6480REGULAR PLAN MONTHLY DIVIDEND 26-Jul-19 3.40129096 3.14961313 1005.9819DIRECT MONTHLY DIVIDEND 26-Jul-19 3.4656878 3.20924493 1006.0713REGULAR PLAN MONTHLY DIVIDEND 28-Jun-19 3.33278829 3.0861793 1005.8868DIRECT MONTHLY DIVIDEND 28-Jun-19 3.39596058 3.14467716 1005.9745REGULAR PLAN MONTHLY DIVIDEND 31-May-19 4.6145302 4.27307898 1007.6662DIRECT MONTHLY DIVIDEND 31-May-19 4.69182081 4.34465048 1007.7735REGULAR PLAN MONTHLY DIVIDEND 26-Apr-19 3.85487806 3.56963714 1006.6116DIRECT MONTHLY DIVIDEND 26-Apr-19 3.91632157 3.62653415 1006.6969REGULAR PLAN MONTHLY DIVIDEND 29-Mar-19 5.34789057 4.95217449 1008.6843DIRECT MONTHLY DIVIDEND 29-Mar-19 5.42438882 5.02301227 1008.7905REGULAR PLAN MONTHLY DIVIDEND 22-Feb-19 3.9608375 3.66775614 1006.7587DIRECT MONTHLY DIVIDEND 22-Feb-19 4.02148866 3.72391942 1006.8429REGULAR PLAN MONTHLY DIVIDEND 25-Jan-19 4.07169514 3.77041089 1006.9126DIRECT MONTHLY DIVIDEND 25-Jan-19 4.13292256 3.82710779 1006.9976REGULAR PLAN MONTHLY DIVIDEND 31-Dec-18 4.10871972 3.80469584 1006.964DIRECT MONTHLY DIVIDEND 31-Dec-18 4.16951494 3.86099253 1007.0484REGULAR PLAN MONTHLY DIVIDEND 30-Nov-18 5.26706541 4.87732998 1008.5721DIRECT MONTHLY DIVIDEND 30-Nov-18 5.34371637 4.94830916 1008.6785REGULAR PLAN MONTHLY DIVIDEND 26-Oct-18 4.039241 3.74035818 1006.8675DIRECT MONTHLY DIVIDEND 26-Oct-18 4.10038059 3.79697376 1006.9524REGULAR PLAN MONTHLY DIVIDEND 28-Sep-18 3.9975211 3.70172534 1006.8096DIRECT MONTHLY DIVIDEND 28-Sep-18 4.05870802 3.75838475 1006.8946

Net Asset Value (NAV) as on January 31, 2020 (in Rs) (Last Business Day Of The Month) Plan / Option Regular Plan Direct Plan

GROWTH 2,146.7254 2,160.3666 DAILY DIVIDEND 1,001.2902 1,001.2900 WEEKLY DIVIDEND 1,000.9878 1,000.9542 MONTHLY DIVIDEND 1,005.8755 1,005.9236

Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 54.20%CASH & CASH EQUIVALENT 45.80%Face Value changed from ` 10/- to ` 1000/- with effect from 21st September 2014


Period Essel Liquid Fund

CRISIL Liquid Fund

Index^@

1 Year govt.T-Bill ^@@

1 year returns % 5.99% 6.68% 7.25%

3 year CAGR % 6.74% 7.01% 6.70%

5 year CAGR % 7.24% 7.31% 7.08%

Since Inception CAGR % 7.98% 7.72% 6.78%

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

21467.25 20966.28 19219.36


10599.45 10668.14 10725.17


12161.68 12254.37 12149.24


14186.45 14233.57 14082.43

^ - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 8, 9, 10, 11 & 12.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.


Average Maturity (Yrs) 0.05Modified Duration (Yrs) 0.05TER - Reg (%)# 0.20TER - Direct (%)# 0.15Portfolio Yield (%) 5.12


*CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on May 31, 2019). For statutory details please refer to page nos. 14 & 15.

Asset Allocation

54.20%45.80%

Commercial Papers


Scheme Performance vis-a-vis Benchmark (%)

5.99%

6.74%7.24%

7.98%

6.68%7.01%

7.31%7.72%

7.25%6.70%

7.08%6.78%

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

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


54.20%

45.80%

CRISIL A1+/ICRA A1+/ CARE A1+/IND A1+ TREPS/ Cash & Cash Equivalent

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ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Quar

terly

Mon

thly-

` 5

00/-

Quar

terly

- ` 1

500/

-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly `

500

Daily

, Wee

kly (e

very

W

edne

sday

) For

t- nig

htly

(eve

ry a

ltern

ate

Wed

nesd

ay) M

onth

ly (a

s on

spec

ified

date

s)

Reg

(%) -

2.2

5Di

r (%

) - 1

.10

` 20

.92

Crs

Esse

l Reg

ular S

aving

s Fu

nd` 1

00/-

Mult

iples

of `

1/-

ther

eafte

r` 1

000/

- and

in

mult

iples

of `

1/-

ther

eafte

r

100

units

or

acc

ount

ba

lance

wh

ichev

er is

low

er

T+1

Yes

Fortn

ightly

M

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Quar

terly

Mon

thly-

` 5

00/-

Qu

arte

rly-

` 150

0/-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly `

500

Daily

, Wee

kly (e

very

W

edne

sday

) For

t- nig

htly

(eve

ry a

ltern

ate

Wed

nes-

da

y) M

onth

ly (a

s on

spec

ified

date

s)

Reg

(%) -

2.2

2Di

r (%

) - 0

.97

`

36.7

9 C

rs

Esse

l Arb

itrag

e Fu

nd

` 100

/-M

ultipl

es o

f ` 1

/- th

erea

fter

` 100

0/- a

nd in

m

ultipl

es o

f ` 1

/- th

erea

fter

100

units

or

acc

ount

ba

lance

wh

ichev

er is

low

er

T+3

Yes

Fortn

ightly

M

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Quar

terly

Mon

thly-

` 5

00/-

Quar

terly

` 1

500/

-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly `

500

Daily

, Wee

kly (e

very

W

edne

sday

) For

t- nig

htly

(eve

ry a

ltern

ate

Wed

nes-

da

y) M

onth

ly

(as o

n sp

ecifie

d da

tes)

Reg

(%) -

2.2

5Di

r (%

) - 1

.77

` 0

.53

Crs

Esse

l Ultr

a Sh

ort T

erm

Fund

` 100

/-M

ultipl

es o

f ` 1

/- th

erea

fter

` 100

0/- a

nd in

m

ultipl

es o

f ` 1

/- th

erea

fter o

r acc

ount

ba

lance

whic

h- e

ver

is low

er

NAT+

1Ye

sFo

rtnigh

tlyM

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 50

0M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Qu

arte

rly

Mon

thly-

` 5

00/-

Quar

terly

` 1

500/

-

Mon

thly:

5th

of t

hem

onth

; Qua

rterly

5t

h of

Apr

il, Ju

ly,

Octo

ber,

Janu

ary

Yes

Daily

, W

eekly

,fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly ` 5

00

Daily

, Wee

kly (e

very

W

edne

sday

) For

t-nig

htly

(eve

ry a

ltern

ate

Wed

nesd

ay) M

onth

ly

(as o

n sp

ecifie

d da

tes)

Reg

(%) -

1.0

8Di

r (%

) - 0

.45

` 25

.67

Crs

Esse

l Liqu

id Fu

nd` 1

00/-

Mult

iples

of `

1/-

ther

eafte

r` 1

000/

- and

in

mult

iples

of `

1/-

ther

eafte

r or a

ccou

nt

balan

ce w

hich-

eve

r is

lower

NAT+

1Ye

sFo

rtnigh

tly

Mon

thly,

Qu

arte

rly &

Ha

lf Yea

rly

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Quar

terly

Mon

thly-

` 5

00/-

Quar

- te

rly-

` 150

0/-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly `

500

Daily

, Wee

kly (e

very

W

edne

sday

) For

tnigh

tly

(eve

ry a

ltern

ate

Wed

nesd

ay) M

onth

ly

(as o

n sp

ecifie

d da

tes)

Reg

(%) -

0.2

0Di

r (%

) - 0

.15

` 5

1.07

Crs

Note

: The

Trus

tee w

ill en

deav

or to

decla

re th

e Divi

dend

as pe

r the

spec

ified f

requ

encie

s, su

bject

to av

ailab

ility o

f dist

ribut

able

surp

lus ca

lculat

ed in

acco

rdan

ce w

ith th

e Reg

ulatio

ns. T

he ac

tual

decla

ratio

ns of

Divi

dend

and f

requ

ency

will

inter

-alia

depe

nd on

avail

abilit

y of d

istrib

utab

le su

rplus

calcu

lated

in ac

cord

ance

with

SEB

I (M

F) R

egula

tions

an

d th

e de

cision

s of t

he T

ruste

e sh

all b

e fin

al in

this

rega

rd. T

here

is n

o as

sura

nce

or g

uara

ntee

to th

e Un

it hold

ers a

s to

the

rate

of D

ivide

nd n

or th

at th

e Di

viden

d wi

ll be

paid

regu

larly.

Divi

dend

pay

able

unde

r Divi

dend

Pay

out o

ption

(Wee

kly O

ption

) is e

qual

to o

r les

s tha

n ` 5

00 th

en th

e Di

viden

d wo

uld b

e co

mpu

lsorily

reinv

este

d in

the

optio

n of

the

Sche

me.

In ca

se a

n inv

esto

r fail

s to

spec

ify h

is pr

efer

ence

of P

lans/S

ub P

lans/O

ption

s in

the

abov

e m

entio

ned

sche

mes

, the

def

ault P

lan/S

ub P

lan/O

ption

s wou

ld be

as a

bove

. * S

WP/

STP

avail

able

only

afte

r com

pletio

n of

stat

utor

y loc

k-in

perio

d of

3 ye

ars f

rom

the

date

of in

vestm

ent b

y the

inve

stor.

Any i

nfor

mat

ion he

rein

cont

ained

does

not c

onsti

tute

and s

hall b

e dee

med

not to

cons

titute

an ad

vice,

an of

fer to

sell/

purc

hase

or as

an in

vitat

ion or

solic

itatio

n to d

o so f

or an

y sec

uritie

s of a

ny en

tity, a

nd fu

rther

, Ess

el Fin

ance

AMC

Limite

d.(E

FAL)

. Its s

ubsid

iaries

/ affil

iates

/ spo

nsor

s / tru

stee (

Esse

l MF T

ruste

e Lim

ited)

or th

eir of

ficer

s, em

ploye

es,

pers

onne

l, dire

ctors

may

be a

ssoc

iated

in a

com

mer

cial, p

rofe

ssion

al or

pers

onal

capa

city o

r may

have

a co

mm

ercia

l inte

rest

includ

ing as

prop

rieta

ry tr

ader

s in o

r with

secu

rities

and /

or co

mpa

nies o

r issu

es or

mat

ters

as co

ntain

ed in

this

publi

catio

n and

such

com

mer

cial c

apac

ity or

inte

rest

whet

her o

r not

diffe

ring w

ith or

confl

icting

with

this

publi

catio

n, sh

all n

ot m

ake o

r ren

der (

EFAL

) liab

le in

any m

anne

r wha

tsoev

er &

(EFA

L) o

r any

of t

heir

offic

ers,

emplo

yees

, per

sonn

el, d

irecto

rs sh

all n

ot b

e lia

ble fo

r any

loss

, dam

age,

liabil

ity w

hatso

ever

for a

ny d

irect

or in

direc

t loss

aris

ing fr

om th

e us

e or

acc

ess o

f any

info

rmat

ion th

at m

ay b

e dis

playe

d in

this

publi

catio

n fo

rm tim

e to

time.

Re

cipien

ts of

the

infor

mat

ion co

ntain

ed h

erein

shou

ld ex

ercis

e du

e ca

re a

nd ca

ution

and

read

the

Sche

me

infor

mat

ion D

ocum

ent(s

) and

Sta

tem

ent o

f Add

itiona

l info

rmat

ion (i

nclud

ing if

nece

ssar

y, ob

taini

ng th

e ad

vice

of ta

x/ leg

al/ac

coun

ting/

finan

cial/ o

ther

pro

fess

ionals

) prio

r to

takin

g of

any

dec

ision

, acti

ng o

r om

itting

to a

ct, o

n th

e ba

sis

of th

e inf

orm

ation

cont

ained

here

in.

CARE

Rati

ng M

ethod

ology

: Ess

el Liq

uid F

und

and

Esse

l Ultr

a Sh

ort T

erm

Fund

hav

e be

en a

ssign

ed “C

redit

Risk

Rat

ing A

AAm

fs” b

y CAR

E Ra

ting

(Cre

dit A

nalys

is an

d Re

sear

ch L

imite

d) C

ARE’

s fun

d cr

edit q

uality

ratin

gs a

re o

pinion

s on

the

over

all cr

edit q

uality

of s

pecifi

c deb

t mut

ual fu

nd. T

he ra

ting

capt

ures

fund

’s ov

erall

exp

osur

e to

de

fault

risk

. CAR

E us

es th

e co

ncep

t of c

redit

scor

es, a

ssign

ed to

indiv

idual

secu

rities

, as p

er cr

edit s

corin

g m

atrix

dev

elope

d by

CAR

E. T

he sc

ore

is es

sent

ially

a fu

nctio

n of

the

cred

it qua

lity a

nd ra

ting o

f sec

urity

and i

ts int

erna

l resid

ual m

atur

ity. T

he ra

ting i

nclud

es as

sess

men

t of v

ariou

s qua

litativ

e fac

tors

inclu

ding m

anag

emen

t qua

lity an

d m

anag

emen

t info

rmat

ion sy

stem

s and

risk m

anag

emen

t sys

tem

s in v

ariou

s ope

ratio

nal a

reas

. CAR

E re

views

the r

elate

d mut

ual fu

nd on

an on

going

bas

is to

supp

ort it

s pub

lishe

d ra

ting

opini

ons.

A de

taile

d m

etho

dolog

y can

be

sour

ced

from

www

.care

ratin

gs.co

m o

r Cre

dit A

nalys

is &

Rese

arch

Ltd.

Statu

tory

detai

ls: E

ssel

Mut

ual F

und

has b

een

esta

blish

ed a

s a T

rust

unde

r the

India

n Tru

sts A

ct, 1

882,

spon

sore

d by

Ess

el M

F Tr

uste

e Lim

ited

(liabil

ity re

strict

ed to

` 1

Lakh

) (lia

bility

restr

icted

to `

1 La

kh)

Trus

tee: E

ssel

MF

Trus

tee

Limite

d (lia

bility

restr

icted

to `

1 La

kh))

Inves

tmen

t Man

ager

: Ess

el Fi

nanc

e AM

C Lim

ited

(the A

MC)

PRODUCT LABELINg

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

RISKOMETER

Essel Liquid Fund (An Open Ended Liquid Scheme)

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

Investors understand that their principal will be at Low risk

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

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

instruments.l Degree of risk – MODERATELY LOW RISK

Investors understand that their principal will be at Moderately Low risk

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

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

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

l Degree of risk – MODERATELY LOW

Investors understand that their principal will be at Moderately Low risk

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

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

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

Investors understand that their principal will be at Moderately High risk

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

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

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

l Degree of risk – MODERATELY HIGH RISK

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

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

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


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

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

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

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

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

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


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

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

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

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

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

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

15

Registered Office: Essel Finance AMC Limited, 3rd Floor, Peerless Mansion, 1, Chowringhee Square, Kolkata - 700 069. Tel 033 4018 5000, Fax : 033 40185010. CIN No: U65990WB2009PLC134537Investment & Operations Office : 6th Floor, Jet Prime, Suren Road,Nr. Guru Nanak Petrol Pump/Cinemax Opp. Residency Hotel Andheri (East), Mumbai – 400093, Maharashtra Toll Free : 1800 103 8999 Fax : +91 22 7133 5158Branches/Customer Service Centres : EAST - AGARTALA: Agartala branch, Saha building, C/o late Rajmohan Saha, Durgabari Lane, Agartala, Tripura (West), Pin-799 001, *CONTAI: Vill: Dhandighi ,Holding No.: 359/351, 1st Floor, P.O. & P.S.: Contai, Pin : 721401,West Bengal, DURGAPUR: Unit NoA-212,Kamdhenu Commercial Complex,City Centre,Durgapur-713216, West Bengal, *GHATAL: ESSEL FINANCE AMC LTD, Behind Bandhan Bank Argora, Near Ghatal Hospital, PO+PS-Ghatal, Dist-West Midnapore,PIN-721212, *GUWAHATI: Essel Finance AMC Limited, Ground floor, Mayur Garden, Behind ABC Bus Stop, Bhangagarh, GS Road, Guwahati – 781005, *KOLKATA: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata 700 069, SILIGURI: Siliguri Branch, Nanak Complex,3rd Floor, Above IDBI Bank, Sevoke Road , P.O. Siliguri, Dist. Darjeeling-734 001,WEST - *MUMBAI: 601, Jet Prime, Plot No. 39-B, Suren Road, Andheri (E), Mumbai 400093, BARODA: First Floor, Iplex India Pvt Ltd. Above Spencers Mall, Besides Vadodara Central, Genda Circle, Vadodara-390007 *AHMEDABAD: Workshack, Navin House, Gr. Floor, Opp. Sardar Patel Seva Samaj Hall Near Mithakhali Six Road, Navrangpura, Ahmedabad - 380 006, NASHIK: 45 Degrees Co Work, 1, Madhumangal Apartment, Near SBI Gangapur Road Branch, ST Colony, Prasad Circle, Gangapur Road, Nashik - 422 005, NAGPUR: Pukhraj House, VIP Road, Near Children’s Traffic Park, Darampeth Nagpur – 440010. *PUNE: Aurora Towers,9 Moledina Road,West Wing,First Floor,Camp,Pune-411001.

NORTH - *NEW DELHI: Office no. 807, 8th Floor, Prakash Deep Building, 7,Tolstoy Marg, Connaught Place, New Delhi -110001, *LUCKNOW: Essel Finance AMC LTD Office No:1, Centre Court Building,1st Floor, 5 Park Road, Hazratganj, Lucknow-226001 Landline:- 0522-4237190. JAIPUR: Essel Finance AMC Ltd. 602, 6th Floor, KJ City Tower Ashok Marg, C Scheme,Jaipur-302001, CHANDIGARH: Cabin No. 2, Magnet CoWork Plot No 129/1 (Opp. Hyatt),Industrial Area, Phase 1, Chandigarh-160002, SOUTH - *BANGALORE: Essel Finance AMC Ltd BHIVE Workspace, 1st, 6th, 7th Floor, Mahalakshmi Chambers, 29,MG Road, Yellappa Garden, Yellappa Chetty Layout, Ashok Nagar,Bengaluru, Karnataka 560001 (Next To Trinity Metro Station), *CHENNAI: (Essel Finance AMC Ltd.) Linbuz Business Centre,14th Main Road, Shanthi Colony, AM Block Anna Nagar, Chennai - 600 040 *COIMBATORE: Essel Finance AMC Limited (An Essel Finance Co.), 196/8, Aishwarya Commercial Centre, T.V. Samy Road West, RS Puram Coimbatore - 641002, *HYDERABAD: DBS Business Center, DBS House, Office No- 204,1-7-43-46 Sardar Patel Road, Secunderabad - 500003.* Note : These locations are Official Points of Acceptance.Registrar and Transfer Agent : KFIN Technologies Private Ltd. (Formerly Karvy Fintech Private Limited) KARVY SELENIUM, Plot number 31 & 32, Tower B, Survey No. 115/22, 115/24 & 115/25, Financial District, Gachibowli, Nanakramguda, Serlingampally Mandal Hyderabad - 500032 Telangana

ESSEL MUTUAL FUND OFFICES

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

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