IIFL SENSEX FUND (An Open Ended Index Fund)

SCHEME INFORMATION DOCUMENT

IIFL SENSEX FUND (An open ended Index Fund)

Offer of Units of Rs. 10/- per unit for cash (subject to applicable load, if any) and Continuous offer for units at NAV based prices

New Fund Offer Opens on: ______New Fund Offer Closes on: ______Scheme re-opens for Continuous Sale and Repurchase ______

Mutual Fund: IIFL MUTUAL FUND Asset Management Company: India Infoline Asset Management Company Ltd. Trustee Company: India Infoline Trustee Company Ltd. Registered Office : IIFL Centre, 3rd floor Annex, Kamala City, S.B. Marg, Lower Parel, Mumbai – 400 013 Tel No.: 022 4249 9000 Fax No.: 022 2495 4310 Website: www.iiflmf.com

The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document (SID). The SID sets forth concisely the information about the Scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this SID after the date of this Document from the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers. The investors are advised to refer to the Statement of Additional Information (SAI) for details of IIFL Mutual Fund, Tax and Legal issues and general information on www.iiflmf.com SAI is incorporated by reference (is legally a part of the SID). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website. The SID should be read in conjunction with the SAI and not in isolation. This SID is dated ______, 2012.

Table of Contents

HIGHLIGHTS/SUMMARY OF THE SCHEME ...... 3 I. INTRODUCTION ...... 6 A. RISK FACTORS ...... 6 B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME ...... 8 C. SPECIAL CONSIDERATIONS, if any ...... 9 D. DEFINITIONS ...... 10 E. DUE DELIGIENCE BY THE ASSET MANAGEMENT COMPANY ...... 13 II. INFORMATION ABOUT THE SCHEME ...... 14 A. TYPE OF SCHEME ...... 14 B. INVESTMENT OBJECTIVE ...... 14 C. ASSET ALLOCATION ...... 14 E. INVESTMENT STRATEGIES ...... 16 F. FUNDAMENTAL ATTRIBUTES...... 17 G. BENCHMARK INDEX ...... 17 H. FUND MANAGER OF THE SCHEME ...... 17 I. INVESTMENT RESTRICTIONS ...... 17 J. SCHEME PERFORMANCE ...... 18 K. ABOUT BSE SENSEX INDEX. (Source: www.bseindia.com/BSE Ltd) ...... 18 III UNITS AND OFFER ...... 21 A. NEW FUND OFFER (NFO) ...... 21 B. ONGOING OFFER DETAILS ...... 25 C. PERIODIC DISCLOSURES ...... 35 D. COMPUTATION OF NAV...... 37 a) FEES AND EXPENSES ...... 37 b) NEW FUND OFFER (NFO) EXPENSES ...... 37 B. ANNUAL SCHEME RECURRING EXPENSES ...... 37 C. LOAD STRUCTURE & TRANSACTION CHARGE ...... 38 V. RIGHTS OF UNITHOLDERS ...... 40 VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF ...... 40 INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY ...... 40

HIGHLIGHTS/SUMMARY OF THE SCHEME

Name of the IIFL Sensex Fund Scheme Type of the Scheme An Open ended Index Fund The Scheme will invest in the securities which are constituents of BSE SENSEX Index in the same Investment in proportion as in the Index. The investment objective of the scheme is to provide returns (before fees and expenses that closely Investment correspond to the total return of the BSE SENSEX Index, subject to tracking errors. Objective However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Under normal market circumstances, the investment range would be as follows:

Instruments % Risk Profile Asset Allocation Stocks comprising BSE Sensex * 95% - 100% High Debt and money market instruments 0% - 5% Low to Medium

The BSE SENSEX Index comprises of 30 companies calculated on basis of free-float market About Index capitalization methodology. Investors who believe that the market as a whole is more efficient than the individuals who are a part of Suitable for it and hence, it is difficult to outperform the market. Believe in investing in mutual fund schemes that follow a passive investment strategy Being an open-ended Scheme, units may be redeemed on every business day at NAV based prices. As per the Regulations, the Fund shall dispatch redemption proceeds within 10 business days (working days) of receiving the redemption request. However, under normal circumstances, the Fund will endeavour to dispatch the redemption proceeds within 3 business days of acceptance of the redemption Liquidity request. It may be noted that this provision is based on the settlement cycle of the Principal Stock Exchange(s) which is on T+2 days. Trustees reserve the right to alter or modify the number of days taken for redemption of units under the Fund after taking into consideration the actual settlement cycle, when announced, as also the changes in the settlement cycles that may be announced by the Principal Stock Exchanges from time to time. Benchmark BSE SENSEX The AMC will calculate and disclose the NAV of the Scheme on all business days. The NAV of the Scheme shall be communicated at least in two daily newspapers. The AMC will update the NAVs on AMFI website www.amfiindia.com before 9.00 p.m. on every business day. If the NAV is not available before the commencement of Business Hours on the following day due to any reason, the Mutual Fund shall issue a press release giving reasons and explaining when the Mutual Fund would be able to publish the Transparency/ NAV. The AMC will also publish its NAV on its website (www.iiflmf.com). The AMC shall within one NAV disclosure month from the close of each half year(i.e. 31st March and 30th September), shall host a soft copy of unaudited/ audited financial results on its website and shall publish an advertisement disclosing the hosting of such financial results in the newspapers or as may be prescribed under the Regulations from time to time and also Communicate portfolio of Scheme’s on a half yearly basis to the unitholders directly or through the publications or as may be prescribed under the Regulations from time to time. The AMC will dispatch Annual reports of the respective Schemes within the stipulated period as required under the Regulations. Face Value The face value of each unit will be Rs. 10 per unit. Entry Load: Nil Load Structure

Exit Load- (i) 0.5% for exit (repurchase/switch-out/SWP/STP) on or before 30 days from the date of allotment of units; (i) 0.25% for exit (repurchase/switch-out/SWP/STP) after 30 days but on or before 90 days from the date of allotment of units; Exit Load (for SIP)

(i) 0.5% for exit (repurchase/switch-out/SWP/STP) on or before 30 days from the date of allotment of each installment; (i) 0.25% for exit (repurchase/switch-out/SWP/STP) after 30 days but on or before 90 days from the date of each installment; No load will be applicable for inter-option/plan switch. The entire exit load (net of service tax) received shall be credit back to the Scheme. No load shall be charged in respect of bonus units and of units allotted on reinvestment of dividend. Please refer to Section IV C Load Structure in this SID for details. Minimum Application Amount  New Purchase – Rs. 10,000 and in multiples of Rs. 100 thereafter.  Additional purchase - Rs. 1000 and in multiples of Rs. 100 thereafter  Systematic Investment Plan (SIP) Minimum . Monthly option - Rs. 1000 per month for a minimum period of six months. Application . Quarterly Option – Rs.1500 per quarter for a minimum period of 4 quarters. Amount Investments above the minimum amount mentioned, shall be made in multiples of Rs. 100 for all SIP irrespective of frequency of SIP or the Option. The minimum application amounts listed above does not apply in case of Transfers (as and when new Schemes are introduced by the Mutual Fund) The AMC in consultation with the Trustees reserves the right to discontinue / add more plans / options at a later date subject to complying with the prevailing SEBI guidelines and Regulations. The minimum amount for redemption must be Rs. 1000/- or account balance whichever is less. Investor Minimum may note that upon the processing of redemption/switch out request, if the account balance in any redemption option under scheme is less than Rs. 1000/- then the same will be redeemed/switched out along with the amount said request, with applicable exit load. I. PLAN: Regular Plan and Direct Plan II. OPTION Dividend Option and Growth Option (under each plan). The dividend will be declared subject to availability and adequacy of distributable surplus. The dividend option will have facility of dividend payout and dividend re-investment. Plan & Options Default Option: If the applicant does not indicate the choice of Option in the Application form, the fund accepts the application as being for the Growth Option. Under Dividend Option, if applicant has not indicated the facility, the default facility accepted will be Dividend Payout.

Default Plan: The default Plan will be Direct Plan. Unit holders are given an option to hold the units in demat form. In addition to account statement (physical form). Mode of holding shall be clearly specified in the Application Form. The Unitholders intending to hold/trade the units the units in Demat form are required to have a beneficiary account with the Depository Participant (DP) (registered with NSDL / CDSL) and will be Dematerialization required to indicate in the application the DP's name, DP ID Number and the beneficiary account number of the applicant with the DP. In case Unit holders do not provide their Demat Account details, an Account Statement shall be sent to them. Such unitholders will not be able to trade on the stock exchange.

The Unitholders are requested to fill in their demat account details in the space provided for the same in Key Information Memorandum (KIM) and application forms. Investors may apply through the ASBA facility during the NFO period of the Scheme by filling in the ASBA form and submitting the same to selected Self Certified Syndicate Banks (SCSBs) which are registered Application with SEBI for offering the ASBA facility, which in turn will block the amount in the account as per the Supported By authority contained in the ASBA form, and undertake other tasks as per the procedure specified therein. Blocked (ASBA) Investors are also requested to check with their respective Banks for details regarding application through ASBA mode. The list of SCSBs are available on SEBI website www.sebi.gov.in.and also on the website of the stock exchanges

I. INTRODUCTION Std A. RISK FACTORS Obs Standard Risk Factors: 2  Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal.  As the price/value/interest rates of the securities in which the Scheme invests fluctuates, the value of your investment in the Scheme may go up or down depending on the factors and forces affecting the capital market/bullion market.

 Past performance of the Sponsors/AMC/Mutual Fund does not guarantee the future performance of the Scheme.  The name of the Scheme does not in any manner indicate either the quality of the Scheme or its future prospects and the returns. Investors are therefore urged to study the terms of offer carefully and consult their Investment Advisor before they invest in the Scheme.

 The Sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the Scheme beyond the initial contribution made by it of an amount of Rs. 1 Lac towards setting up of the Mutual Fund.

 The present Scheme is not a guaranteed or assured return Scheme. Scheme Specific Risk Factors

Risks associated with investing in Equities a. Investments in the equity shares of the Companies constituting the Underlying Index are subject to price fluctuation on daily basis. The volatility in the value of equity is due to various micro and macro economic factors like economic and political developments, changes in interest rates, etc. affecting the securities markets. This may have adverse impact on individual securities/sector and consequently on the NAV of Scheme. b. The Scheme will invest in the securities which are constituents of BSE Sensex in the same proportion as in the Index however the Sensex could be dissolved or could be withdrawn by Bombay Stock Exchange of India Ltd. is not published due to any reason whatsoever. c. Investment in equity shares of the companies constituting the underlying Index are subject to liquidity risk. There could be a situation where fund manager would not be able to purchase or sale desired quantity due to inadequate volumes or stock is under upper/lower price limits as set by stocks exchanges. This will lead into increase into higher tracking error d. The Scheme would invest in the securities comprising the Underlying Index in the same proportion as the securities have in the Index. Hence, the risk associated with the corresponding Underlying Index would be applicable to the Scheme. The Underlying Index has its own criteria and policy for inclusion/exclusion of securities from the Index, its maintenance thereof and effecting corporate actions. The Fund would invest in the securities of the Index regardless of investment merit, research, without taking a view of the market and without adopting any defensive measures. The Fund would not select securities in which it wants to invest but is guided by the Underlying Index. As such the Scheme is not actively managed but is passively managed. e. In certain cases, settlement periods may be extended significantly by unforeseen circumstances. The inability of the Scheme to make intended securities purchases due to settlement problems could cause the Scheme to miss certain investment opportunities as in certain cases, settlement periods may be extended significantly by unforeseen circumstances. Similarly, the inability to sell securities held in the Scheme portfolio may result, at times, in potential losses to the Scheme, and there can be a subsequent decline in the value of the securities held in the Scheme portfolio. f. Tracking error may arise due to various reasons like fees and expenses charged to the Scheme, dividend received, corporate actions, change in the Underlying Index, etc. Tracking error have an impact on the performance of the Scheme. The Scheme’s returns may therefore deviate from those of its Underlying Index. However, the Fund would endeavor to keep the tracking error as low as possible. Under normal circumstances, such tracking errors are not expected to exceed

2% per annum. However, this may vary due to the reasons mentioned above or any other reasons that may arise and particularly when the markets are very volatile. However, there can be no assurance or guarantee that the Scheme will achieve any particular level of tracking error relative to performance of the Underlying Index. Tracking error may arises from a variety of factors including but not limited to : o Any delay experienced in the purchase or sale of shares due to various reasons including but not limited to illiquidity of the market or particular stock/security, settlement and realisation of sale proceeds and / or the registration of any securities transferred and / or any delays in receiving cash either new subscription or dividends and resulting delays in investing/reinvesting them. o The scheme may buy or sell the stocks comprising the index at different points of time during the trading session at the then prevailing prices which may not correspond to its closing prices o The constituent stocks of the underlying index may be revised periodically by either excluding or including new securities. In such an event, the Fund will endeavour to reallocate its portfolio but the available investment/ disinvestment opportunities may not permit precise mirroring of the underlying index in a short period of time. o The potential for trades to fail, which may result the Schemes not having acquired shares at a price necessary to track the index. o The holding of a cash position and accrued income prior to distribution and accrued expenses. o Disinvestments to meet redemptions, recurring expenses, etc

Risk associated with Investing in Debt and money market instruments Interest Rate risk: This risk is associated with movements in interest rate, which depend on various factors such as government borrowing, inflation, economic performance etc. The values of investments will appreciate/depreciate if the interest rates fall/rise. Credit risk: This risk arises due to any uncertainty in counterparty's ability or willingness to meet its contractual obligations. This risk pertains to the risk of default of payment of principal and interest Liquidity risk: The liquidity of a bond may change depending on market conditions leading to changes in the liquidity premium linked to the price of the bond. At the time of selling the security, the security can become illiquid leading to loss in the value of the portfolio

Risks associated with Investing in Derivatives Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of the fund manager may not always be profitable. No assurance can be given that the fund manager will be able to identify or Std execute such strategies. Obs Derivative products are specialized instruments that require investment techniques and risk analysis different from those 5 associated with stocks. The use of a derivative requires an understanding not only of the underlying instrument but of the derivative itself. Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess the risk that a derivative adds to the portfolio and the ability to forecast price or interest rate movements correctly. There is a possibility that a loss may be sustained by the portfolio as a result of the failure of another party (usually referred to as the “counterparty”) to comply with the terms of the derivatives contract. Other risks in using derivatives include the risk of mis-pricing or improper valuation of derivatives and the inability of derivatives to correlate perfectly with underlying assets, rates and indices, illiquidity risk whereby the Scheme may not be able to sell or purchase derivative quickly enough at a fair price. The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments.

Risks associated with Securities Lending Securities Lending is a lending of securities through an approved intermediary to a borrower under an agreement for a Std specified period with the condition that the borrower will return equivalent securities of the same type or class at the end of the specified period along with the corporate benefits accruing on the securities borrowed. Obs 6 7

In case the Scheme undertakes stock lending as prescribed in the Regulations, it may, at times be exposed to counter party risk and other risks associated with the securities lending. Unitholders of the Scheme should note that there are risks inherent to securities lending, including the risk of failure of the other party, in this case the approved intermediary, to comply with the terms of the agreement entered into between the lender of securities i.e. the Scheme and the approved intermediary. Such failure can result in the possible loss of rights to the collateral put up by the borrower of the securities, the inability of the approved intermediary to return the securities deposited by the lender and the possible loss of any corporate benefits accruing to the lender from the securities lent. The Fund may not be able to sell such lent securities and this can lead to temporary illiquidity.

Disclaimers: IIFL SENSEX FUND is not sponsored, endorsed, sold or promoted by BSE Limited (Formerly known as Bombay Stock Exchange Limited (“BSE”). BSE makes no representation or warranty, express or implied to the investors in IIFL SENSEX FUND or any member of the public in any manner whatsoever regarding the advisability of investing in securities generally or in “IIFL SENSEX FUND particularly or the ability of the SENSEX to track general stock market performance in India or otherwise. The relationship of BSE towards India Infoline Asset Management Company Limited (AMC) is in respect of the licensing of use of SENSEX, which is determined, composed and calculated by BSE without regard to the IIFL SENSEX FUND or AMC. BSE has no obligation to take the needs of the investors of “IIFL SENSEX FUND into consideration in determining, composing or calculating the SENSEX. BSE is neither responsible for nor has participated in the determination of the time or price at which the units under IIFL SENSEX FUND are to be issued or in the determination or calculation of the equation by which the units are to be redeemed for the underlying securities. BSE has no obligation or liability in connection with the administration, marketing or trading of IIFL SENSEX FUND”. “BSE does not guarantee the accuracy and/or the completeness and/or continuity of SENSEX or any data included therein and BSE shall have no liability for any errors, omissions or interruptions therein or change or cessation thereof. BSE makes no warranty, express or implied, as to the results to be obtained by the AMC, investors of IIFL SENSEX FUND, or any other persons or entities from the use of SENSEX or any data included therein. BSE makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to SENSEX or any data included therein. Without limiting any of the foregoing, in no event shall BSE have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of the possibility of such damages”.

Any changes in the disclaimers, limitations and notices mentioned herein above shall require prior written approval of the BSE. Bse shall have no liability for any changes/amendments carried out without prior written permission of BSE. The BSE does not represents and warrants that Product shall not violate any applicable law, including but not limited to banking, commodities and securities laws.

B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME The Scheme and individual Plan(s) under the Scheme shall have a minimum of 20 investors and no single investor shall account for more than 25% of the corpus of the Scheme/Plan(s). These conditions will be complied with immediately after the close of the NFO itself i.e. at the time of allotment. In case of non-fulfillment with the condition of minimum 20 investors, the Scheme/Plan(s) shall be wound up in accordance with Regulation 39 (2) (c) of SEBI (MF) Regulations automatically without any reference from SEBI. In case of non-fulfillment with the condition of 25% holding by a single investor on the date of allotment, the application to the extent of exposure in excess of the stipulated 25% limit would be liable to be rejected and the allotment would be effective only to the extent of 25% of the corpus collected. Consequently, such exposure over 25% limits will lead to refund within 5 business days of the date of closure of the New Fund Offer. On an on-going basis the Scheme and individual Plan (s) should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such scheme/ plan(s) at portfolio level within a period of three months or at the end of the succeeding calendar quarter, whichever is earlier from the close of the New Fund Offer (NFO). After the NFO and the 3 months balancing period, in each subsequent quarter thereafter, on an average basis, the scheme shall meet with both the conditions of minimum number of investor and holding as a percentage of the corpus. 8

Determining the breach of 25% limit - The average net assets of the scheme would be calculated daily and any breach of the 25% holding limit by an investor would be determined. At the end of the quarter, the average of daily holding by each such investor is computed to determine whether that investor has breached the 25% limit over the quarter. If there is a breach of limit by any investor over the quarter, a rebalancing period of one month would be allowed and thereafter the investor who is in breach of the rule shall be given 15 days notice to redeem his exposure over the 25 % limit. Failure on the part of the said investor to redeem his exposure over the 25 % limit within the aforesaid 15 days would lead to automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period.

C. SPECIAL CONSIDERATIONS, if any Prospective investors should review/study Statement of Additional Information along with SID carefully and in its entirety and shall not construe the contents hereof or regard the summaries contained herein as advice relating to legal, taxation, or financial/investment matters and are advised to consult their own professional advisor(s) as to the legal or any other requirements or restrictions relating to the subscriptions, gifting, acquisition, holding, disposal (sale, transfer, redemption or conversion into money) of units and to the treatment of income (if any), capitalization, capital gains, any distribution, and other tax consequences relevant to their subscription, acquisition, holding, capitalization, disposal (sale, transfer, redemption or conversion into money) of units within their jurisdiction/nationality, residence, domicile etc. or under the laws of any jurisdiction to which they or any managed funds to be used to purchase/gift units are subject, and also to determine possible legal, tax, financial or other consequences of subscribing/gifting to, purchasing or holding units before making an application for units. Neither this SID nor the units have been registered in any jurisdiction. The distribution of this SID in certain jurisdictions may be restricted or subject to registration and accordingly, any person who gets possession of this SID is required to inform themselves about, and to observe, any such restrictions. It is the responsibility of any persons in possession of this SID and any persons wishing to apply for units pursuant to this SID to inform themselves of and to observe, all applicable laws and Regulations of such relevant jurisdiction. Any changes in SEBI/Stock Exchange/RBI regulations and other applicable laws/regulations could have an effect on such investments and valuation thereof. IIFL Mutual Fund/AMC/ Trustee has not authorised any person to issue any advertisement or give any information or make any representations, either oral or written, not stated in this SID in connection with issue of Units under the Scheme. Prospective investors are advised not to rely upon any information or representations not incorporated in this SID as the same have not been authorised by the Fund or the AMC. Purchase or redemption made by any person on the basis of statements or representations which are not contained in this SID or which are not consistent with the information contained herein shall be solely at the risk of the investor. The investors are requested to check the credentials of the individual, firm or other entity they are entrusting his/her application form and payment to, for any transaction with the Fund. The Fund shall not be responsible for any acts done by the intermediaries representing or purportedly representing such investor. If the units are held by any person in breach of the Regulations, law or requirements of any governmental, statutory authority including, without limitation, Exchange Control Regulations, the Fund may mandatorily redeem all the units of any unit holder where the units are held by a unit holder in breach of the same. The Trustee may further mandatorily redeem units of any unit holder in the event it is found that the unit holder has submitted information either in the application or otherwise that is false, misleading or incomplete. If a unit holder makes a redemption request directly with the Fund immediately after purchase of units, the Fund shall have a right to withhold the redemption request till sufficient time has elapsed to ensure that the amount remitted by him (for purchase of units) is realized and the proceeds have been credited to the Scheme’s Account. However, this is only applicable if the value of redemption is such that some or all of the freshly purchased units may have to be redeemed to effect the full redemption. The tax benefits described in this SID and SAI are as available under the present taxation laws and are available subject to relevant conditions. The information given is included only for general purpose and is based on advise received by the AMC regarding the law and practice currently in force in India as on the date of this SID and the Unitholders should be aware that the relevant fiscal rules or their interpretation may change. As is the case with any investment, there can be no guarantee that the tax position or the proposed tax position prevailing at the time of an investment in the Scheme will endure 9

indefinitely. In view of the individual nature of tax consequences, each Unitholder is advised to consult his / her own professional tax advisor. The Mutual Fund may disclose details of the investor’s account and transactions there under to those intermediaries whose stamp appears on the application form or who have been designated as such by the investor. In addition, the Mutual Fund may disclose such details to the bankers, as may be necessary for the purpose of effecting payments to the investor. The Fund may also disclose such details to regulatory and statutory authorities/bodies as may be required or necessary. In case the AMC or its Sponsor or its Shareholders or their affiliates/associates or group companies make substantial investment, either directly or indirectly in the Scheme, Redemption of units by these entities may have an adverse impact on the performance of the Scheme. This may also affect the ability of the other Unitholders to redeem their units. In terms of the Prevention of Money Laundering Act, 2002 ("PMLA") the rules issued there under and the guidelines/circulars issued by SEBI regarding the Anti Money Laundering (AML) Laws, all intermediaries, including mutual funds, are required to formulate and implement a client identification programme, and to verify and maintain the record of identity and address(es) of investors. If after due diligence, the AMC believes that any transaction is suspicious in nature as regards money laundering, the AMC shall have absolute discretion to report any such suspicious transactions to competent authorities under PMLA and rules/guidelines issued thereunder by SEBI and/or RBI, furnish any such information in connection therewith to such authorities and take any other actions as may be required for the purposes of fulfilling its obligations under PMLA and rules/guidelines issued thereunder by SEBI and/or RBI without obtaining the prior approval of the investor/Unit Holder/ any other person. Investors are urged to study the terms of the offer carefully before investing in the Scheme and retain this SID and the SAI for future reference.

D. DEFINITIONS In this Information Document, unless the context otherwise requires:

Unless stated otherwise in this document, ‘Applicable NAV’ is the Net Asset Value at the close of a Applicable NAV: Business/Working Day on which the purchase or redemption is sought by an investor and determined by the Fund. ‘Asset Management Means IIFL Asset Management Company Ltd., a Company incorporated under the Companies Act, Company’/‘AMC’/‘Inve 1956 and approved by SEBI to act as an Asset Management Company for the Schemes of IIFL Mutual stment Manager’ Fund. Beneficial Owner As defined in the Depositories Act 1996 (22 of 1996) means a person whose name is recorded as such with a depository Presently 10.00 a.m. to 5.00 p.m. on any Business Day or such other time as may be applicable from Business Hours time to time. An account statement detailing all the transactions during a period and / or holdings at the end of the Consolidated Account period across all schemes of all mutual funds, including transaction charges paid to distributor, as Statement / CAS applicable. This statement will be issued to dormant investors on a half yearly basis and to investors in whose folios any transaction has taken place during a month, on a monthly basis. Means Citibank NA, which has been granted a certificate of registration by SEBI under SEBI (Custodian ‘Custodian’ of Securities) Regulations, 1996 and for the time being appointed by the Fund for rendering custodial services for the Scheme in accordance with the Regulations. Cut-off time Cut-off Timing’, in relation to a prospective investor making an application to the Mutual Fund for sale or repurchase of units, shall mean, the outer limit of timing within a particular day which is relevant for determination of the NAV applicable for his transaction Date of Allotment The date of issue/transfer/credit of mutual fund units to investors pursuant to the NFO or ongoing purchase of units after the NFO period in the manner as specified in this document. The process of converting physical units (account statements) into an electronic form. Units once Dematerialization converted into dematerialised form are held in a Demat account and are freely transferable. 10

Means a body corporate as defined in the Depositories Act, 1996 (22 of 1996) and includes National ‘Depository’ Securities Depository Ltd. (NSDL) and Central Depository Systems Ltd (CDSL). ‘Depository Means a person registered as such under sub-section (1A) of section 12 of the Securities and Exchange Participant’ Board of India Act, 1992. ‘Dividend’ Means the income distributed by the Fund on units. ‘Entry Load’. Means load on purchase/subscription of units ‘Exit Load’ Means load on repurchase/redemption of units. Foreign Institutional Means an institution established and incorporated outside India, and registered with SEBI under SEBI Investors (FII) (Foreign Institutional Investors) Regulations, 1995, as amended from time to time. Means IIFL Mutual Fund, a Trust set up under the provisions of Indian Trust Act, 1882 and registered ‘Fund’/ ‘Mutual Fund’ with SEBI vide Registration No. MF/067/11/02 dated March 23, 2011. Means any resident or non-resident person whether individual or a non-individual who is eligible to subscribe for units under the laws of his/her/their state/country of incorporation, establishment ‘Investor’ citizenship, residence or domicile and under the Income Tax Act, 1961 including amendments made from time to time and who has made an application for subscribing units under the Scheme. Under normal circumstances, a unit holder would be deemed to be an investor. means Investment Management Agreement dated April 29, 2010, as amended from time to time, ‘IMA’ entered into between India Infoline Trustee Company Ltd. and India Infoline Asset Management Company Ltd. Means a charge that may be levied as a percentage of NAV at the time of entry into the Scheme or at ‘Load’ the time of exit from the Scheme. Means Net Asset Value per unit of the Scheme calculated in the manner described in this SID or as ‘NAV’ may be prescribed by the SEBI Regulations from time to time. NFO: Offer for purchase of units of the Scheme during the New Fund Offer Period as described hereinafter. Non- resident Indian A Non-Resident Indian or a Person of Indian Origin residing outside India. or NRI Qualified Foreign Investor (QFI) shall mean a person resident in a country that is compliant with Financial Action Task Force (FATF) standards and that is a signatory to International Organization of Securities Commission's (IOSCO’s ) Multilateral Memorandum of Understanding, Provided that such person is not resident in India, Provided further that such person is not Qualified Foreign registered with SEBI as Foreign Institutional Investor or Sub-account. Investors /(QFIs) Explanation- For the purposes of this clause: (1) the term "Person" shall carry the same meaning under Section 2(31) of the Income Tax Act, 1961 (2) the phrase “resident in India” shall carry the same meaning as in the Income Tax Act, 1961 (3) “resident” in a country, other than India, shall mean resident as per the direct tax laws of that country. ‘RBI’ Means the Reserve Bank of India established under The Reserve Bank of India Act, 1934. Record Date Shall be the date that will be considered for the purpose of determining the eligibility of the investors whose names appear in the Scheme’s Unitholder’s Register for receiving Dividend/ Bonus in accordance with the SEBI Regulations.

Computer Age Management Services Pvt. Ltd. (CAMS), registered under the SEBI (Registrar to an Issue Registrar and Transfer and Share Transfer Agents) Regulations, 1993, currently acting as registrar to the Scheme, or any Agent: other Registrar appointed by the AMC from time to time. ‘Scheme’ Means IIFL SENSEX Fund offered under this Document. Means the Securities and Exchange Board of India, established under Securities and Exchange Board ‘SEBI’ of India Act, 1992 as amended from time to time.Q ‘SEBI Regulations/ Means SEBI (Mutual Funds) Regulations, 1996 as amended from time to time including any circulars, Mutual Fund directions or clarifications issued by SEBI or any Government authority and as applicable to the Regulations / Scheme and the Fund. Regulations’ ‘Scheme Information Means this document issued by IIFL Mutual Fund for offering Units of the Scheme Document/ SID’. Securities As defined in Securities Contract (Regulation) Act, 1956 & includes notes, bonds, debentures, debenture stock, warrants, etc., futures, options, derivatives, etc. or other transferable securities of a like nature in or of any incorporated company or other body corporate, Gilts / Government 11

Securities, Mutual Fund Units, Money Market Instruments like Call Deposit, Commercial Paper, Treasury Bills, etc. and such other instruments as may be declared by GOI and / or SEBI and / or RBI and / or any other regulatory authority to be securities and rights or interest in securities but subject to the asset allocation of the Scheme. Self Certified Syndicate Self Certified Syndicate Bank (SCSB) means a bank registered with SEBI to offer the facility of applying Bank (SCSB) Bank (SCSB) through the ASBA facility. ASBAs can be accepted only by SCSBs, whose names appear in the list of SCSBs as displayed by SEBI on its website at www.sebi.gov.in. ‘Statement of Means the document issued by IIFL Mutual Fund containing details of IIFL Mutual Fund, its Additional Information constitution and certain tax, legal and general information. SAI is legally a part of the SID. / SAI’ Means India Infoline Ltd., a Company incorporated under the Companies Act, 1956 and includes its ‘Sponsor’ successors and permitted assigns. Switch Redemption of a unit(s) in any scheme(s)of the mutual Fund against purchase of unit(s) in another scheme(s) (including Plans therein) of the Mutual Fund, subject to completion of Lock-in period, if any of the unit(s) of the Scheme(s) from where the unit(s) are being switched and applicable load structure. The extent to which the NAV of the Scheme moves in a manner inconsistent with the movements of the Underlying Index on any given day or over any given period of time due to any cause or reason Tracking Error: whatsoever including but not limited to expenditure incurred by the Scheme, dividend payouts if any, all cash not invested at all times as it may keep a portion of funds in cash to meet redemption, purchase price different from the closing price of securities on the day of rebalance of Index, etc. Means the Trustee Company which holds the property of IIFL Mutual Fund in trust and includes the Trustee’ directors of the Trustee Company and the successors and assigns of the Trustee Company. Means India Infoline Trustee Company Ltd., a Company incorporated under the Companies Act, 1956 ‘Trustee Company’ and approved by SEBI to act as Trustee of the Schemes of IIFL Mutual Fund. Means the Deed of Trust of the Mutual Fund dated April 29, 2010 entered into between India Infoline ‘Trust Deed’ Ltd. (Sponsor) and India Infoline Trustee Company Ltd. (Trustee Company). Means the interest of investor in the Scheme, which consists of each unit representing one undivided ‘Unit’ share in the assets of the Scheme. ‘Unit-holder’ Means a person holding unit(s) in the Scheme offered under this SID. Means any day other than: (a) Saturday and Sunday (b) a day on which capital/debt markets in Mumbai are closed or are unable to trade for any reason (c) a day on which the register of unit holders is closed (d) a day on which the Banks in Mumbai are closed/or RBI is closed for ‘Working business/clearing (e) a day on which NSE is closed (f) a day which is public/Bank holiday at a collection Day/Business Day’ centre where the application is received (g) a day on which sale and repurchase of units is suspended by the Trustee (h) a day on which normal business could not be transacted due to storms, floods, bandhs, strikes etc. However the AMC reserves the right to declare any day a Working Day or otherwise at any or all collection centres. Words and expressions used in this SID and not defined will have same meaning as assigned to them in Trust Deed. Interpretation For all purposes of this SID, except as otherwise expressly provided or unless the context otherwise requires: All references to the masculine shall include feminine and all reference to the singular shall include plural and vice-versa. All references to “dollars” or “$” refer to the Unites States Dollars and “Rs.” refer to the Indian Rupees. A “crore” means “ten million” and a “lakh” means a hundred thousand. All references to timings relate to Indian Standard Time (IST).

E. DUE DELIGIENCE BY THE ASSET MANAGEMENT COMPANY Std Obs It is confirmed that: 24 I. The Draft Scheme Information Document forwarded to SEBI is in accordance with the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time. II. all legal requirements connected with the launching of the Scheme as also the guidelines, instructions, etc., issued by the Government and any other competent authority in this behalf, have been duly complied with. III. The disclosures made in the Scheme Information Document are true, fair and adequate to enable the investors to make a well informed decision regarding investment in the proposed Scheme. IV. The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid, as on date. V. The contents of the Scheme Information Document including figures, data, yields, etc. have been checked and are factually correct.

For India Infoline Asset Management Company Limited

(Asset Management Company for IIFL Mutual Fund)

Sd/-

Place: Mumbai Name: Ashutosh Naik

Date: ______Designation: Compliance Officer

The Due Diligence Certificate as stated above has been submitted to Securities and Exchange Board of India.

II. INFORMATION ABOUT THE SCHEME A. TYPE OF SCHEME An open ended Index Fund.

B. INVESTMENT OBJECTIVE The investment objective of the scheme is to provide returns (before fees and expenses) that closely correspond to the total return of the BSE SENSEX, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

C. ASSET ALLOCATION The investment policies of the Scheme shall be as per SEBI (Mutual Funds) Regulations, 1996, and within the following guidelines. Under normal market circumstances, the investment range would be as follows:

Instruments % Risk Profile Stocks comprising BSE Sensex * 95% - 100% High Debt and money market instruments 0% - 5% Low to Medium * The Scheme may take an exposure to equity derivatives of underlying index or constituents of the Underlying Index when equity shares are unavailable, insufficient or for rebalancing in case of corporate actions for a temporary period. Exposure to such derivatives will be restricted to 10% of net assets of the Scheme. The combined exposure of equity shares, debt instruments and gross notional exposure of derivative instruments shall not exceed 100% of the net assets of the Scheme. Std Obs Security Lending will not be more than 20% of the net assets of the Scheme and not more than 5% of the net assets of the 14 Scheme to any single counter party. Securities lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the Borrower on expiry of the stipulated period.

The Scheme will not invest in foreign securities.

Change in Asset Allocation : IIFL Sensex Fund is a passively managed open ended index scheme; therefore change in investment pattern is normally not foreseen. However, for short durations part of the corpus may be pending for deployment, in cases of extreme market conditions, special events or corporate events, like declaration of dividend by the companies comprising the index. Rebalancing of any deviation in asset allocation would be done within 30 days.

How is the Scheme different from existing open ended schemes of IIFL Mutual Fund

IIFL Sensex Fund is a new product offered by IIFL Mutual Fund and is not a minor modification of the existing Scheme. IIFL NIFTY ETF AND IIFL Dividend Opportunities Index Fund is different from the existing IIFL NIFTY ETF launched by IIFL Mutual Fund, as stated below: Sr. Name of the Indicative Asset Allocation of the Comparison AUM as on No of Scheme Scheme ______Folios as on ______1. IIFL Nifty ETF Instruments Allocation The Scheme would ______endeavour to Min Max provide returns Stocks comprising 95% 100% (before fees and S&P CNX Nifty expenses) that Index closely correspond Debt and money 0% 5% to the total return of market the S&P CNX Nifty instruments Index subject, to tracking errors.

2. IIFL Dividend Instruments Allocation The investment ______Opportunities objective of the Min Max Index Fund scheme is to Stocks comprising 95% 100% provide returns S&P CNX Dividend (before fees and Opportunities expenses that Index Fund closely correspond to the total return Debt and money 0% 5% of the CNX market Dividend instruments

Opportunities Index, subject to tracking errors. D. INVESTMENT BY THE SCHEME Investment in Equities and equity related instruments: Std Obs The Scheme will invest in stocks comprising the underlying index (i.e BSE Sensex) in the same proportion (weightage) as in the Index and endeavor to track the benchmark index. 15 Investment in Debt and money market instrument: The Scheme may also invest in debt and money market instruments, in compliance with Regulations to meet liquidity requirements. The scheme may also invest in liquid schemes of IIFL Mutual Fund or other schemes which has objective to invest in debt and money market instruments. Money Market Instruments include commercial papers, commercial bills, treasury bills, and Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bills, CBLOs and any other like instruments as specified by the Reserve Bank of India from time to time Std Investment in Derivatives : The Scheme may take an exposure to equity derivatives of constituents of the Underlying Basket Obs when securities of the Basket are unavailable, insufficient or for rebalancing at the time of change in Basket or in case of 3 corporate actions, for a short period of time. The Scheme may use derivative instruments such as stock futures and options

contracts, warrants, convertible securities, swap agreements or any other derivative instruments that are permissible or may be permissible in future under applicable regulations and such investments shall be in accordance with the investment objective of the Scheme.

E. INVESTMENT STRATEGIES The Scheme will invest in stocks comprising the underlying index and endeavor to track the benchmark index. The Fund may also invest in debt and money market instruments, in compliance with Regulations to meet liquidity and expense requirements. IIFL SENSEX Fund endeavors to invest in stocks forming part of the underlying in the same ratio as per the Std index to the extent possible and to that extent follows a passive investment strategy, except to the extent of meeting Obs liquidity and expense requirements. Events like the constituent stocks becoming illiquid in cash market, the exchange 7 changing the constituents, a large dividend going ex but lag in its receipts, etc. tend to increase the tracking error. In such events, it may be more prudent for the fund to take exposure through derivatives of the index itself or its constituent stocks in order to minimize the long term tracking error. Under normal circumstances, the tracking errors are not expected to exceed 2% per annum. However, this may vary due to the reasons mentioned above or any other reasons that may arise and particularly when the markets are very volatile. However, there can be no assurance or guarantee that the Scheme will achieve any particular level of tracking error relative to performance of the Underlying Index. Risk Mitigation Risk is an inherent part of the investment function. Effective Risk management is critical to fund management for achieving financial soundness. Investment by the Scheme would be made as per the investment objective of the Scheme and in accordance with SEBI Regulations. AMC has adequate safeguards to manage risk in the portfolio construction process. Risk control would involve managing risk in order to keep in line with the investment objective of the Scheme. The risk control process would include identifying the risk and taking proper measures for the same. Further, AMC has put in place a Front Office System for managing risk. The system has incorporated all the investment restrictions as per the SEBI guidelines and enables identifying and measuring the risk through various risk management tools like various portfolio analytics, risk ratios, average duration and analyses the same and acts in a preventive manner. a. Risk mitigation measures for volatility and portfolio concentration for Index fund, being a passive investment carries lesser risk as compared to active fund management. The portfolio follows the index and therefore the level of stock concentration in the portfolio and its volatility would be the same as that of the index, subject to tracking error. Thus there is no additional element of volatility or stock concentration on account of fund manager decisions. b. Risk mitigation measures for managing liquidity as per data from BSE more than half of market liquidity remains in the index. Therefore the scheme does not envisage liquidity issues. The scheme may take exposure to equity derivatives of the index itself or its constituent stocks, when equity shares are unavailable, insufficient or for rebalancing in case of corporate actions for a temporary period. c. The Scheme will invest in the securities which are constituents of BSE SENSEX Index in the same proportion as in the Index however BSE SENSEX Index could be dissolved or could be withdrawn by Bombay Stock Exchange of India Ltd. (BSE) or is not published due to any reason whatsoever. The Trustee reserves the right to modify the Scheme so as track a different and suitable index or to suspend tracking the index till such time it is dissolved/ withdrawn or not published and appropriate intimation will be sent to the Unitholders of the Scheme. In such a case, the investment pattern will be modified suitably to match the composition of the securities that are included in the new index to be tracked and the Scheme will be subject to tracking errors during the intervening period. Portfolio Turnover Portfolio Turnover is defined as the aggregat6e of purchases and sales as a percentage of the corpus during the specified period of time. Portfolio Turnover is a term used to measure the volume of trading that occurs in a Scheme’s portfolio during a given time period. IIFL SENSEX Fund is a passively managed open ended Index Fund, it is therefore expected that there would be a number of subscriptions and redemptions on a daily basis by investors. Generally, turnover will depend upon the extent of purchase and redemption of units and the need to rebalance the portfolio on account of change in the composition, if any, and corporate actions of securities included in BSE SENSEX Index.

F. FUNDAMENTAL ATTRIBUTES Following are the fundamental attributes of the Scheme, in terms of Regulation 18(15A) of the SEBI Regulations: I. Type of Scheme: Open Ended Index Fund. II. Investment Objective:

 Investment objective: Please refer section of ‘Investment Objective’.  Investment pattern - Please refer section of ‘Asset Allocation’. III. Terms of Issue: Provisions with respect to listing, repurchase, redemption of units and fees and expenses as indicated in Std this Scheme Information Document. Obs In accordance with Regulation 18(15A) of the Regulations, the Trustee shall ensure that no change in the fundamental 8 attributes of the Scheme and Plan(s)/Option(s) thereunder or the trust or fees and expenses payable or any other change which would modify the Scheme and the Plan(s)/Option(s) thereunder and affect the interest of the Unit Holders will be carried out unless:

 A written communication about the proposed change is sent to each Unit Holder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a Marathi daily newspaper with wide circulation published in Mumbai (as the head office of the Fund is situated there); and

 The Unit holders are given an option to exit for a period of 30 days to exit at the prevailing Net Asset Value without any Exit Load.

G. BENCHMARK INDEX Std The performance of IIFL SENSEX Fund is benchmarked against the BSE Sensex Index. The Trustee reserves right to change Obs benchmark in future for measuring performance of the scheme. 9 H. FUND MANAGER OF THE SCHEME Mr. Manish Bandi is the fund manager of the Scheme. Mr Bandi, aged 34 years, is a Science graduate and a Chartered Accountant with 11 years of experience in the financial services industry. Prior to joining India Infoline Asset management Std Ltd, he has worked with IIFL Wealth Management Ltd and India Infoline Ltd. He had been part of investment committee and fund management team and held various senior managerial positions in the field of equity advisory, portfolio Management Obs Services, Equity broking, Business & Process reviews and audits etc. He has worked with organizations like Kotak Mahindra 10 Bank Ltd, Motilal Oswal Securities Ltd, Batliboi & Purohit Chartered Accountants. Other Scheme Managed: IIFL Nifty ETF & IIFL Dividend Opportunities Index Fund

I. INVESTMENT RESTRICTIONS The following investment limitations and other restrictions, inter-alia, as contained in the Trust Deed and the Regulations apply to the Scheme: The Fund shall buy and sell securities only against deliveries. In no case shall the Fund engage in short selling, carry forward transactions or Badla financing. Provided that the Fund may enter into derivatives transactions for the purpose of hedging and portfolio balancing in accordance with the guidelines issued by SEBI. Std A scheme may invest in another scheme, under the same AMC or any other mutual fund provided that the aggregate inter- Obs scheme investments made by all schemes under the same AMC or any other mutual fund shall not exceed 5% of the net 11 assets of the Fund or any other limit as prescribed by the Regulations from time to time. The AMC is not permitted by the Regulations to charge any investment management and advisory services fee on such investments. Pending deployment of the corpus of the Scheme in securities in terms of investment objective, the Fund can invest the corpus of the Scheme in short term deposits of scheduled commercial banks as per the guidelines given in SEBI Circular no. SEBI/IMD/CIR No. 1/91171/07 dated April 16, 2007 and June 23, 2008.

The Scheme shall not make any investment in: a) any unlisted security of an associate or group company of the Sponsor; or b) any security issued by way of private placement by any associate or group company of the Sponsor; or c) the listed securities of group companies of the Sponsor in excess of 25% of its net assets. The Scheme shall not invest in any Fund of Funds Scheme. Debentures, irrespective of any residual maturity period (above or below one year), shall attract the investment restrictions as applicable for debt instruments as specified under Clause 1 and 1 A of Seventh Schedule to the Regulations. Investments of the Scheme, together with the investments of other schemes of the Fund in share capital of any company shall not exceed 10% of that company's paid-up capital carrying voting rights. For the purpose of determining the above limit, gross long position, which will be a combination of positions of the underlying securities and stock derivatives, will be considered. The Scheme shall not invest more than 10% of its Net Assets in the equity or equity related instruments of any company. Provided that the limit of 10% shall not be applicable for investments in case of index fund or sector or industry specific scheme The Scheme can invest a maximum of 10% of the net assets in unlisted equity and equity related instruments. Wherever investments are intended to be of a long-term nature, the securities shall be purchased or transferred in the name of the Fund, on account of the Scheme concerned. Modifications, if any, in the Investment Restrictions on account of amendments to the Regulations shall supersede/ override the provisions of the Trust Deed. All investment restrictions shall be applicable at the time of making investments. The AMC/ Trustees from time to time may alter these investment restrictions in conformity with the SEBI Regulations, so as to permit the Scheme to make its investments in the full spectrum of permitted investments to achieve its investment objective. Investment by AMC Std The AMC reserves the right to invest its own funds in the Scheme as may be decided by the AMC from time to time and in accordance with SEBI Circular no. SEBI/IMD/CIR No. 10/22701/03 dated December 12, 2003 regarding minimum number of Obs investors in the Scheme/ Plan. Under the Regulations, the AMC is not permitted to charge any investment management and 1 advisory fees.

J. SCHEME PERFORMANCE This Scheme is a new scheme and does not have any performance track record

K. ABOUT BSE SENSEX INDEX. (Source: www.bseindia.com/BSE Ltd)

Index Service Provider: BSE Ltd.

Objective:  Barometer for the Indian market.  Cater to the needs of investors, analysts to serve as an effective and efficient tracker of the performance of the Indian equity market.  Benchmark for the mutual fund industry offering equity-focused products to the retail investors.  Easily replicable and hence perfect suitability for launch of Index Funds and other index based products like Derivatives and Exchange Traded Funds.

Methodology: SENSEX consists of 30 constituents representing large, well-established companies across key sectors. It is based on globally accepted ‘Free Float Market Capitalization methodology’. The index is reviewed on bi-annual basis i.e. after the end of March and September Quarter.

The index was launched in Year 1986 and the base year was taken as 1978-79. SENSEX today is widely reported in both domestic and international markets through print as well as electronic media. About Free-float Methodology: Free-float methodology refers to an index construction methodology that takes into consideration only the free-float market capitalization of a company for the purpose of index calculation and assigning weight to stocks in the index. Free-float market capitalization takes into consideration only those shares issued by the company that are readily available for trading in the market. It generally excludes promoters' holding, government holding, strategic holding and other locked-in shares that will not come to the market for trading in the normal course. In other words, the market capitalization of each company in a free- float index is reduced to the extent of its readily available shares in the market.

Formula for Index Calculation :

퐼푛푑푒푥 푀푎푟푘푒푡 퐶푎푝 Index Value = × 퐵푎푠푒 푉푎푙푢푒 표푓 퐼푛푑푒푥 퐼푛푑푒푥 퐷푖푣푖푠표푟

Index Market Cap = Total Number of Shares Issued × Free Float Factor × Close Price .

Selection Criteria  Equities of companies listed on BSE Ltd. With a listing history of 3 months shall be considered eligible. An exception may be granted to one month, if the average free-float market capitalization of a newly listed company ranks in the top 10 of all companies listed at BSE. In the event that a company is listed on account of a merger / de-merger / amalgamation, a minimum listing history is not required.  Trading frequency of 100% is required. Exceptions can be made for extreme reasons like scrip suspension etc.  The top 75 companies based on free- float market capitalization (avg. 3 months) as well as any additional companies that are in the top 75 based on full market capitalization (avg. 3 months) are considered.  The filtered list of constituents is then ranked on Average absolute turnover for last 3 months.  Any company that has Cumulative Turnover of greater than 98% are excluded, so long as the remaining list has more than 30 scrips.  The filtered list is then sorted by free float market capitalization. Any company having a weight less than 0.5 % shall be excluded.  All remaining companies will be ranked on free-float market capitalization.  Scrip selection will generally attempt to maintain index sectoral weights that are broadly in-line with the overall market.

Constituent as on Dec 07, 2012

Stock Name 1 ITC Ltd 2 Reliance Industries Ltd 3 HDFC Bank Ltd. 4 ICICI Bank Ltd. 5 Housing Development Finance Corp.Lt 6 Infosys Ltd 7 Larsen & Toubro Limited 8 Tata Consultancy Services Ltd. 9 State Bank Of India, 10 Hindustan Unilever Ltd., 11 Oil And Natural Gas Corporation Ltd 19

12 Tata Motors Ltd. 13 Mahindra & Mahindra Ltd. 14 Bharti Airtel Ltd. 15 Sun Pharmaceutical Industries Ltd. 16 Bajaj Auto Limited 17 TATA STEEL LIMITED 18 NTPC Limited 19 Dr. Reddy's Laboratories Ltd., 20 Wipro Ltd., 21 Coal India Limited 22 Maruti Suzuki India Ltd. 23 Cipla Ltd., 24 Bharat Heavy Electricals Ltd., 25 Hero MotoCorp Limited 26 Tata Power Co. Ltd 27 Gail (India) Ltd. 28 Jindal Steel & Power Ltd 29 Sterlite Industries (India) Ltd 30 Hindalco Industries Ltd.

III UNITS AND OFFER This section provides details you need to know for investing in the Scheme.

A. NEW FUND OFFER (NFO) New Fund Offer Period NFO Opens on : ______This is the period during which a new NFO Closes on : ______Scheme sells its units to the investors. The AMC/Trustee reserves the right to extend the closing date, subject to the condition that the New Fund Offer shall not be kept open for more than 15 days. The AMC/Trustee reserves the right to close the NFO period earlier. Any such extension/ early closure shall be announced by giving at least one day's prior notice in one daily newspaper. New Fund Offer Price The units being offered will have a face value of Rs. 10/- each. This is the price per unit that the investors have to pay to invest during the NFO. Minimum Amount for Application in Investors can invest in an Option under the Scheme with a minimum investment of the NFO Rs. 10,000/- (Rupees Five Thousand only) and in multiples of Re. 100/- thereafter. Minimum Target Amount The Scheme seeks to collect a minimum target amount of Rs. 10 Crore during the This is the minimum amount required NFO period. to operate the Scheme and if this is not collected during the NFO period, then all the investors would be refunded the amount invested without any return. However, if AMC fails to refund the amount within 6 weeks, interest as specified by SEBI (currently 15% p.a.) will be paid to the investors from the expiry of six weeks from the date of closure of the subscription period. Maximum Amount to be raised (if any) There is no upper limit on the total amount to be collected under the Scheme during the NFO period. Plans / Options offered I. PLAN: Regular Plan and Direct Plan II. OPTION Dividend Option and Growth Option. The dividend will be declared subject to availability and adequacy of distributable surplus. The dividend option will have facility of dividend payout and dividend reinvestment. Default Option: If the applicant does not indicate the choice of Option in the Application form, the fund accepts the application as being for the Growth Option. Under Dividend Option, if applicant has not indicated the facility, the default facility accepted will be Dividend Payout.

The default plan will be Direct Plan

Dividend Policy Growth Option: Under the Growth option, there will be no distribution of income and the return to investors will be only by way of capital gains, if any, through redemption at applicable NAV of Units held by them Dividend Option: 21

Under the Dividend option, the Trustees may declare dividend subject to the availability of distributable surplus calculated in accordance with SEBI (MF) Regulations. The actual declaration of dividend and the frequency of distribution will be entirely at the discretion of the Trustees. The dividend would be paid to the Unitholders whose names appear in the Register of Unitholders as on the record date. There is no assurance or guarantee to the Unitholders as to the rate of dividend nor that the dividend would be paid regularly. If the Fund declares dividend, the NAV will stand reduced by the amount of dividend and dividend distribution tax (if applicable) paid. All the dividend payments shall be in accordance and compliance with SEBI & NSE Regulations, as applicable from time to time. Dividend will be paid on the number of units held by the unit holder on the record date as per the records of CAMS (the Registrar) and /or as per the records maintained by depositories. The record date shall be announced in advance. The dividend warrants shall be dispatched to the Unit holders within 30 days of the date of declaration of dividend. In the event of failure of despatch of dividend within the stipulated 30 day period the AMC will pay a penalty interest rate of 15% per annum for the period between the expiry of the stipulated 30 day period and the date of dispatch of dividend. • In case of Unit holders having a bank account with certain banks with whom the Mutual Fund would have an arrangement from time to time, the dividend proceeds shall be directly credited to their account. • The dividend will be paid by warrant and payments will be made in favour of the Unit holder (registered holder of the Units or, if there is more than one registered holder, only to the first registered holder) with bank account number furnished to the Mutual Fund (please note that it is mandatory for the Unit holders to provide the Bank account details as per the directives of SEBI). • Further, the dividend proceeds may be paid by way of ECS /EFT / NEFT / RTGS / any other manner through which the investor’s bank account specified in the Registrar & Transfer Agent’s records is credited with the dividend proceeds as per the instructions of the Unit holders. In case the dividend amount is less than 100 rupees than it will be compulsorily reinvested. Allotment Subject to receipt of the specified Minimum Subscription Amount for the Scheme, all applicants whose cheques towards Purchase of Units have been realized will receive full and firm allotment of Units, provided the Application Forms are complete in all respects and are found to be in order. The AMC/Trustee retains the sole and absolute discretion to reject any Application Form. The process of allotment of Units and mailing of account statements reflecting the allotments will be completed within 5 Business Days from the date of closure of the NFO Period. On allotment, in respect of applicants who have made applications through the ASBA facility, the amounts towards Subscription of Units blocked in the respective bank accounts as mandated by the applicants will be unblocked to the extent of Units allotted and the amounts so unblocked will be transferred to the bank account under the Scheme. The investors will receive confirmation specifying the number of Units allotted by way of electronic mail and/or SMS to the investor’s registered e-mail address and/or mobile number as soon as possible but not later than five working days from the date of receipt of the application. In case of investors opting to hold the Units in physical mode, an account statement will be sent by ordinary post/courier/secured encrypted electronic mail. to each Unit Holder, stating the number of Units purchased, not later than 5 Business Days (or such number of days as may be permitted under the SEBI (MF) Regulations) from the close of the NFO. In case of investors opting to hold the Units in dematerialized form, an account 22

statement could be obtained from the Depository Participants. Dematerialization of Units The applicants intending to hold Units in dematerialized mode will be required to have a beneficiary account with a Depository Participant of the NSDL/CDSL and will be required to mention in the Application Form details of the beneficiary account at the time of purchasing Units during the NFO Period. The Account Statement will be sent to those Unit Holders who have opted to hold Units in physical (non- dematerialized) form. However, if the Unit Holder so desires to hold the Units in a dematerialized form at a later date, he will be required to have a beneficiary account with a Depository Participant of the NSDL/CDSL and will have to submit the account statement alongwith the prescribed request form to any of the ISCs for conversion of Units into demat form. The AMC will issue the Units in dematerialized form to the Unit holder within two Business Days from the date of receipt of such request. Rematerialisation of Units Rematerialization of Units can be carried out in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 1996 as may be amended from time to time. The process for rematerialisation of Units will be as follows : • Unit Holders/investors should submit a request to their respective Depository Participant for rematerialisation of Units in their beneficiary accounts. • Subject to availability of sufficient balance in the Unit Holder /investor's account, the Depository Participant will generate a Rematerialisation Request Number and the request will be despatched to the AMC/Registrar. • On acceptance of request from the Depository Participant, the AMC/Registrar will dispatch the account statement to the investor and will also send electronic confirmation to the Depository Participant Refund In accordance with the Regulations, if the Scheme fails to collect the minimum subscription amount as specified above, the Fund shall be liable to refund the subscription money to the applicants within 5 working days of closure of NFO. In addition to the above, refund of subscription money to applicants whose applications are invalid for any reason whatsoever, will commence immediately after the allotment process is completed. Full amount will be refunded within 5 working days of closure of NFO. If the Fund refunds the subscription money later than 5 working days, interest @ 15% p.a. for delayed period will be paid and charged to the AMC. Refund orders will be marked ‘Account Payee only’ and drawn in the name of the applicant in the case of the sole applicant and in the name of the first applicant in all other cases. Who can invest The following persons (subject, wherever relevant, to purchase of units being This is an indicative list and you are permitted under their respective constitution and relevant state regulations) are requested to consult your financial eligible to subscribe to units : advisor to ascertain whether the Resident Adult individuals, either singly or jointly (not exceeding three) or on anyone Scheme is suitable to your risk profile. or Survivor basis.  Parents/Lawful Guardian on behalf of minors.  Proprietorship in the name of Sole Proprietor  Karta of Hindu Undivided Family (HUF).  Partnership Firms.  Companies/Domestic Corporate Bodies/Societies/Association of Persons/Body of individuals/Clubs/Public Sector Undertakings registered in India if authorized and permitted to under applicable laws and regulations.  Charitable or Religious Trusts authorized to invest in units of Mutual Funds.  Mutual Funds registered with SEBI.  Banks (including co-operative Banks and Regional Rural Banks), Financial Institutions and Investment Institutions incorporated in or the Indian branches of banks incorporated outside India.  Non-Resident Indians, persons of Indian origin residing abroad (NRIs) on full 23

repatriation basis and on non-repatriation basis.  Foreign institutional investors on full repatriation basis (subject to RBI approval)  Qualified Foreign Investors (QFIs), as and when permitted by SEBI.  Wakf Boards or endowments and Registered Societies (including registered co- operative societies) and private trusts authorized to invest in units.  Army/Air Force/Navy/Para-military funds and other eligible institutions.  Scientific and/or industrial research organizations.  Multilateral Funding Agencies or Bodies Corporate incorporated outside India with the permission of Government of India / Reserve bank of India.  Overseas Financial Organizations which have entered into an arrangement for investment in India, inter-alia with a mutual fund registered with SEBI and which arrangement is approved by Government of India.  Provident/Pension/Gratuity/Superannuation and such other retirement and employee benefit and other similar funds.  Other Associations, Institutions, Bodies, etc. authorized to invest in the units. Apart from the above, all other categories of investors permitted at present and in future are eligible to invest in the Scheme. The list given above is indicative and the applicable law, if any , shall supersede the list. Note: Minor Unit Holders, on becoming major, may inform the Registrar about attaining majority, and provide his specimen signature duly authenticated by their banker as well as his details of bank account, a certified true copy of the PAN card and other docuemnts, to enable the Registrar to update his records and allow them to operate the account in his own right. All cheques and bank drafts accompanying the application form should contain the application form number on its reverse. It is mandatory for every applicant to provide the name of the bank, branch, address, account type and number as per SEBI requirements and any Application Form without these details will be treated as incomplete. Such incomplete applications will be rejected. The Registrar/AMC may ask the investor to provide a blank cancelled cheque or its photocopy for the purpose of verifying the bank account number. Where can you submit the filled up The application form under NFO along with the instrument for payment can be applications submitted at the office of Registrar and Transfer Agent (CAMS)/designated offices /Investor Service Centre’s (ISCs) of India Infoline Asset Management Company Ltd. For details, please refer to the back cover page of this document. Also, additions may be made to the list of designated offices/ISCs/Collection Centres during the NFO period and such additions made shall be displayed on the website of Mutual Fund for the convenience of the investors. Application also can be made through MFSS platform of NSE and BSE Star. During the NFO, investors can also apply through the Application Supported by Block Accounts (ASBA) process. The investor has to fill the ASBA form and submitting the same to their respective banks, which in turn will block the amount in the account as per the authority contained in the ASBA form, and undertake other tasks as per the procedure specified therein. Certain selected Self Certified Syndicate Banks (SCSBs), who are registered with SEBI can provide ASBA facility. Investors are requested to check with their respective banks about the availability of the ASBA facility. Investors are requested to refer to the website of SEBI, NSE and BSE at www.sebi.gov.in, www.bseindia.com and www.nseindia.com for the complete list of controlling/ designated branches of above mentioned SCSBs. For complete details on ASBA refer Statement of Additional Information (SAI) hosted on our website.

How to Apply Please refer to the SAI and Application form for the instructions. Bank Account details SEBI has made it mandatory for investors to provide their bank details viz. name of bank, branch, address, account type and number, etc. to the Mutual Fund. Applications without complete bank details are liable to be rejected. The AMC will not be responsible for any loss arising out of fraudulent encashment of cheques/ warrants and/ or any delay/ loss in transit. Listing The Scheme being open ended; the Units are not proposed to be listed on any stock exchange. However, the Fund may at its sole discretion list the Units on one or more stock exchanges at a later date. Special Products / facilities available The Mutual Fund will offer ASBA facility during the NFO of the Scheme. during the NFO ASBA is an application containing authorisation given by the Investor to block the application money in his specified bank account towards the subscription of the units offered during the NFO of Scheme. If an Investor is applying through ASBA facility, the application money towards the subscription of units shall be debited from his specified bank account only if his/her application is selected for allotment of units. Please refer to the SAI for more details. All grievances relating to the ASBA facility may be addressed to the respective SCSBs, giving full details such as name, address of the applicant, number of Units applied for, counterfoil or the application reference given by the SCSBs, DBs or CBs, amount paid on application and the Designated Branch or the collection centre of the SCSB where the Application Form was submitted by the ASBA Investor. The policy regarding reissue of Not applicable repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same. Restrictions, if any, on the right to The Units of the Scheme are not transferable except units of the scheme held in freely retain or dispose of units being demat mode. In view of the same, additions/ deletion of names will not be allowed offered. under any folio of the Scheme. However, the said provision will not be applicable in case a person (i.e. a transferee) becomes a holder of the units by operation of law or upon enforcement of pledge, then the AMC shall subject to production of such satisfactory evidence and submission of such document, proceed to effect the transfer, if the intended transferee is otherwise eligible to hold the units of the scheme. The above provisions in respect of deletion of names will not be applicable in case of death of unit holder (in respect of joint holdings) as this is treated as transmission of units and not transfer.

B. ONGOING OFFER DETAILS Ongoing Offer Period The Scheme will reopen for subscription/redemption within 5 Working Days from This is the date from which the scheme the date of allotment. will reopen for subscription/redemption after the closure of the NFO period. Ongoing Price for subscription The Purchase Price of the Units on an ongoing basis will be calculated as described (purchase)/switch-in (from other below: schemes/plans of the mutual fund) by Purchase Price = Applicable NAV investors. The NAV will be calculated by rounding up to four decimal places for the Scheme for the NFO and for the ongoing offer. Ongoing Price for redemption The Redemption Price / Switch out price of the Units is the price at which a Unit (sale)/switch out (to other schemes Holder can redeem Units of a scheme. It will be calculated as described below: /plans of the mutual fund) by investors. Redemption Price = Applicable NAV x (1 – Exit Load* or CDSC*) Computation of load * Either Exit Load or CDSC, whichever is applicable, will be charged.

Redemption Price will be calculated up to four decimal places for the Scheme. For example, if the Applicable NAV of a Scheme is 1,000/ – and it has a 1% Exit Load, the Redemption Price will be calculated as follows: Redemption Price = 1,000 x (1 – 1.00%) i.e. 1,000 x 0.99 = 990/-. If the Scheme has no Exit Load and no CDSC, the Redemption Price will be equal to the Applicable NAV. Investors may note that the Trustee has a right to modify the existing Load structure in any manner or introduce/ change Exit Load or CDSC or a combination of Exit Load and / or CDSC and / or any other Load subject to a maximum as prescribed under the Regulations and with prospective effect only. The Mutual Fund will offer that the redemption price is not lower than 93% of the applicable NAV and the difference between the repurchase price and sale price is not exceeding 7% on the sale price or as per the limit prescribed by SEBI from time to time. Redemption Units can be redeemed at the Redemption Price during the Ongoing Offer Period.

The redemption or repurchase proceeds shall be dispatched to the unitholders within 3 Business Days but not later than 10 business days from the date of redemption or repurchase, once the scheme opens for the same. The Unit Holder has the option to request for Redemption either in amount in rupees or in number of Units. Units purchased by cheque may not be redeemed until after realization of the cheque. In case the investor mentions the number of Units as well as the amount, then the amount will be considered for processing the Redemption request. In case the investor mentions the number of units or the amount in words and figures, then the value in words will be taken for processing the Redemption request. If the redemption request amount exceeds the balance lying to the credit of the Unitholder’s said account, then the fund shall redeem the entire amount lying to the credit of the Unitholder’s account in that Scheme/Option. If an investor has purchased Units on more than one Business Day, the Units purchased prior in time (i.e. those Units which have been held for the longest period of time), are deemed to have been redeemed first, i.e. on a First In First Out Basis except when the Unitholder specifically requests redemption of Units purchased on specific date(s). The minimum amount in rupees for Redemption shall be 1,000/- or account balance whichever is less. Investor may note that upon the processing of part redemption/switch out request, if the account balance in the scheme falls below Rs. 1000/- then the same will be redeemed/switched out along with the said request. The redemption warrants shall be dispatched to the Unit holders within 10 business days of the date of processing of redemption. In the event of failure of despatch of redemption within the stipulated 10 business days period;  In case of Unit holders having a bank account with certain banks with whom the Mutual Fund would have an arrangement from time to time, the redemption proceeds shall be directly credited to their account.  The redemption will be paid by warrant and payments will be made in favour of the Unit holder (registered holder of the Units or, if there is more than one registered holder, only to the first registered holder) with bank account number furnished to the Mutual Fund (please note that it is mandatory for the Unit holders to provide the Bank account details as per the directives of SEBI). Further, the redemption proceeds may be paid by way of ECS /EFT / NEFT / RTGS / any other manner through which the investor’s bank account specified in the Registrar & Transfer Agent’s records is credited with the redemption proceeds as per the instructions of the Unit holders. Cut off timing for subscriptions/ The Cut-off time for the Scheme is 3.00 pm and the Applicable NAV will be as under: redemptions / switches In respect of purchase of units of an amount equal to or more than Rs. 2 lakhs, This is the time before which your 26

application (complete in all respects) irrespective of the time of receipt of the application, the closing NAV of the day on should reach the official points of which the funds are available for utilization(i.e. before the cut off time of 3.00p.m) acceptance shall be applicable. In respect of valid application received upto 3.00 p. m and funds for the entire amount of subscription/purchase as per the application credited to the bank account of the Scheme before the cut-off the closing NAV of the day applicable. In respect of valid applications below Rs. 2 lakh received upto the cut-off time, by the Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable.

In respect of valid applications received after the cut-off time, by the Mutual Fund along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

Redemptions including switch-outs: In respect of valid applications received upto the cut-off time by the Mutual Fund, same day’s closing NAV shall be applicable. In respect of valid applications received after the cut off time by the Mutual Fund, the closing NAV of the next business day shall be applicable.

Where can the applications for Investors can submit the application forms at AMC, ISCs, and such other collection subscription/ redemption/ switches be centers as designated by the AMC where the applications shall be received. The names and addresses of the Designated Collection Centers are mentioned at the submitted? end of the SID and in the Application Form. Investors can also subscribe/redeem units using exchange infrastructure in demat mode through MFSS and BSE StAR MF platform Minimum Amount for purchase First time Purchase – INR 10,000/- and in multiples of INR 100/- thereafter /redemption / switches in an Option of Additional Purchase – INR 1000/- and in multiples of INR 100/- thereafter the Scheme Redemption The minimum amount for redemption must be Rs. 1000/- or account balance whichever is less. Investor may note that upon the processing of redemption/switch out request, if the account balance in the scheme is less than Rs. 1000/- then the same will be redeemed/switched out along with the said request. Switches The minimum amount in case of inter/ intra scheme (inter plan/inter option) switches shall be the minimum amount required in the respective transferee scheme/plan. Minimum balance to be maintained in an Investors may note that in case balance in the account of the unit holder does not Option of the Scheme and consequences cover the amount of redemption request, the Mutual Fund is authorized to close the account of such unit holder and redeem the entire balance to the unit holder. of non maintenance. Closure of Unit holder’s account: Investors may note that AMC at its sole discretion may close a unit holder’s account under an option, if at the time of any part redemption, the value of the balance falls below Rs. 1,000 [or such other amount as AMC may decide from time to time] or where the units are held by the unit holder in breach of any Regulation. However the AMC/Trustees reserves the right to change it at any future date by giving advance notice. Special products available The Special facilities available during the ongoing offer are:  SIP  STP SWP (Application through Stock Exchange Infrastructure (MFSS/ BSE StAR MF Platform) Please see the relevant sections on the above mentioned elsewhere in this document.

Switching Inter-Scheme Switch The Transaction Slip can be used by investors to make inter-Scheme switches within the Fund. All valid applications for switch-out shall be treated as Redemption and for switch-in as Purchases with the respective Applicable NAVs of the Scheme / option.

Intra- Scheme Switch Investors can switch between different options under the scheme at the Applicable NAV. All valid applications for switch-out shall be treated as Redemption and for switch-in as Purchases with the respective Applicable NAVs of the option. As per current Load structure, no Entry or Exit Loads will be charged for intra-scheme switching. However, the AMC may change the Loads prospectively as indicated in the paragraph on Load Structure of the Scheme in this SID. Note: For tax implications on switching, please refer to SAI under Chapter Tax & Legal & General Information. How to Apply Please refer to the SAI and Application form for the instructions. Redemption Process a. Redemption through physical applications : A Transaction Slip or Common Transaction Form (CTF) can be used by the Unit Holder to request for Redemption. The requisite details should be entered in the Transaction Slip or Form and submitted at an ISC. Transaction Slips or the CTF can be obtained from any of the ISCs. Payment of Proceeds Resident Investors Redemption proceeds will be paid by cheques, marked “A/c Payee only” and drawn in the name of the sole holder / first named holder (as determined by the records of the Registrar) or Direct Credit to a set of banks with which the AMC has a tie up. The bank name and bank account number, as given by the unit holder, will be mentioned in the cheque. The cheque will be payable at par at all the cities having ISCs. If the Unit Holder resides in any other city, he will be paid by a demand draft payable at the city of his residence and the demand draft charges shall be borne by the AMC. Direct Credit The fund offers a Direct facility through which the investor’s bank account is credited with the Redemption proceeds. It is clarified that in the event of any non credit by the bank and/or wrongful credit due to incorrect bank account details provided by the unit holder, the AMC / Registrar will not be liable. In the interest of the investors, it is advised that due care is taken while providing the bank details to the Fund. The Direct Credit facility is available for specific banks with whom AMC have a tie up from time to time. Investors need to check with the AMC for an updated list of the Direct Credit Banks. Investors having bank mandates where the AMC has a Direct Credit facility will receive redemption/dividend proceeds by way of Direct Credit only and not cheques. The Fund will endeavor to dispatch the Redemption proceeds within 3 Business Days from the acceptance of the Redemption request, but not beyond 10 Business Days from the date of Redemption. If the payment is not made within the period stipulated in the Regulations, the Unit Holder shall be paid interest as per the SEBI regulations. Further, the redemption proceeds may be paid by way of ECS /EFT / NEFT / RTGS / any other manner through which the investor’s bank account specified in the Registrar & Transfer Agent’s records is credited with the redemption proceeds as per the instructions of the Unit holders. Note: The Trustee, at its discretion at a later date, may choose to alter or add other modes of payment. The Redemption proceeds will be sent by courier or (if the addressee city is not serviced by the courier) by registered post. The dispatch for the purpose of delivery through the courier / postal department, as the case may be, shall be treated as delivery to the investor. The AMC / Registrar are not responsible for any delayed delivery or non-delivery or any consequences thereof, if the dispatch has been made correctly as stated in this paragraph. 28

Discontinuation of Change of Bank Account Mandate along with redemption/dividend proceeds facility. In compliance with AMFI Best Practice Guidelines Circular No.17/2010-11 dated October 22, 2010, consequent to introduction of “Multiple Bank Accounts Facility,” the existing facility of redemption/ dividend proceeds with change of bank mandate is discontinued by the Fund w.e.f. November 15, 2010. New bank accounts can only be registered using the designated “Multiple Bank Account Registration Form”. Further please note the following important points in this regard:

(i) Proceeds of any redemption/dividend will be sent only to a bank account that is already registered and validated in the folio at the time of redemption transaction processing. (ii) Unit holder(s) may choose to mention any of the existing registered bank accounts with redemption/ dividend payment request for receiving redemption/dividend proceeds. If no registered bank account is mentioned, default bank account will be used. (iii) If unit holder(s) provide a new and unregistered bank mandate or change of bank mandate request with a specific redemption/dividend payment request (with or without necessary supporting documents) such bank account may not be considered for payment of redemption/dividend proceeds, or the Fund may withheld the payment for upto 10 calendar days to ensure validation of new bank mandate mentioned. Valid change of bank mandate requests with supporting documents will be processed within 10business days of necessary documents reaching the office of RTA and any financial transaction request received in the interim will be carried based on previous details only.

Non-Resident Investors For NRIs, Redemption proceeds will be remitted depending upon the source of investment as follows: (i) Repatriation Basis: When Units have been purchased through remittance in foreign exchange from abroad or by cheque / draft issued from proceeds of the Unit Holder’s FCNR deposit or from funds held in the Unit Holder’s Non Resident (External) account kept in India, the proceeds can be remitted to the Unit Holder in foreign currency (any exchange rate fluctuation will be borne by the Unit Holder). The proceeds can also be sent to his Indian address for crediting to his NRE / FCNR / Non-Resident (Ordinary) Account, if desired by the Unit Holder. (ii) Non Repatriation Basis: When Units have been purchased from funds held in the Unit Holder’s Non-Resident (Ordinary) Account, the proceeds will be sent to the Unit Holder’s Indian address for crediting to the Unit Holder’s Non-Resident (Ordinary) account. For FIIs, the designated branch of the authorised dealer may allow remittance of net sale / maturity proceeds (after payment of taxes) or credit the amount to the Foreign Currency account or Nonresident Rupee account of the FII maintained in accordance with the approval granted to it by the RBI. The Fund will not be liable for any delays or for any loss on account of any exchange fluctuations while converting the Rupee amount in foreign exchange in the case of transactions with NRIs / FIIs. The proceeds may be paid by way of direct credit through which the investor’s bank account specified in the Registrar’s records is credited with the Redemption proceeds. The Direct Credit facility is available for specific banks with whom AMC have a tie up from time to time. Investors need to check with the AMC for an updated list of the Direct Credit Banks. Investors having bank mandates where the AMC has a Direct Credit facility will receive redemption / dividend proceeds by way of Direct Credit only and not cheques.

The Fund may make other arrangements for effecting payment of Redemption proceeds in future. 29

b. Application through Stock Exchange Infrastructure (MFSS/ BSE StAR MF Platform): Investors wishing to redeem their units held in demat mode in Scheme listed on MFSS and BSE StAR MF platform, can place their redemption request with the AMFI Certified Stock Exchange Brokers by providing Depository Instruction Slip with redemption details. The AMFI Certified Stock Exchange Broker will place the redemption order in the system and will provide a confirmation slip to the investor. The redemption proceeds will be directly credited to the investor’s bank account, as per the bank account details recorded with the Depository Participant. Alternatively, units of Mutual Fund Scheme is permitted to be transacted through clearing members [National Securities Clearing Corporation Limited (NSCCL) and Indian Clearing Corporation Limited (ICCL)] of NSE and BSE for redeeming the mutual fund units. Account Statements An applicant whose application has been accepted shall have the option of holding the units either in physical form or in dematerialised form. Units in Physical mode :- Investors opting to subscribe to / hold units in physical form, whether by way of a normal purchase or SIP / STP, will be sent, (i) by way of an e-mail and/or an sms to their registered e-mail address and or mobile number, an allotment confirmation, as Std soon as possible but not later than 5 Business Days from the date of acceptance of the request for subscription, and (ii) a CAS, as mentioned in ‘Consolidated Account Obs Statement (CAS)’ below. 17 Units in Demat Mode – (c) For investors who hold Units in dematerialized form, a demat statement shall be provided by the DP in such form and in such manner and at such time as provided in the agreement with the beneficial owner. Consolidated Account Statement (CAS)  On acceptance of an application for subscription or allotment of units (including by way of SIP, STP, switch and bonus units), an allotment confirmation specifying the number of units allotted will be sent by way of an email and/or an SMS, within 5 Business Days from the date of receipt of the application, to the Unit holder’s registered e-mail address and/or mobile number.  Thereafter, the Unit Holder will be sent, on or before the 10th of the immediately succeeding month, by way of a mail / an e-mail, a CAS, containing the details of the transaction mentioned above as well as details of all other transactions effected by the Unit holder across schemes of all mutual funds during the preceding month, including his/her/its holdings at the end of the said month and details of transaction charges paid to distributors, as applicable. Investors may note that CAS will be issued on a monthly basis to all investors in whose folios transactions have taken place during the month concerned.  For the purpose of sending CAS, common investors across mutual funds shall be identified by their PAN.  For those investors / unit holders who have provided an e-mail address, CAS will be sent by way of an e-mail.  In case of a specific request received from a Unit holder for a separate account statement, the AMC/Fund will provide such an account statement to the Unit Holder concerned, within 5 Business Days from the receipt of the request  In the event of inability to send CAS, for any reason whatsoever, or on receipt of specific requests from unit holders/investors, the AMC will send separate account statements. In the event of a folio having more than one registered holder, the first named Unit holder will receive the CAS / account statement.  For folio(s) that are not updated with PAN details, it will not be possible to

e-mail / mail CAS to the Unit holders concerned. It is therefore in the interest of Unit holders to ensure that their folios are updated with their PAN details.  In the case of a dormant investor, i.e. an investor in whose folio, no transaction has taken place during a six- month period ended March or September, a CAS detailing the investors’ holdings across all schemes of all mutual funds at the end of March or September, as the case may be, shall be sent by way of a mail / an e-mail on or before the 10th day of the month immediately succeeding the said March/September. The half yearly CAS will be sent by e-mail to Unit holders whose e-mail address is available, unless a specific request is made by any Unit holder to receive the CAS in physical form.  The expression, ‘transaction’, includes purchase redemption, switch, dividend payout, systematic investment plan, systematic withdrawal plan, systematic transfer plan and bonus transactions.

Dividend The dividend warrants, if any shall be dispatched to the Unitholders within 30 days of the date of declaration of the dividend. Dividend may also be paid to the Unitholder in any other manner viz., through ECS, Direct Credit or NEFT in to Bank account, RTGS facility offered RBI or through Banker's cheque, etc as the AMC may decide, from time to time for the smooth and efficient functioning of the Scheme Redemption The redemption proceeds shall be dispatched to the unit holders within 10 Business days from the date of redemption or repurchase Redemption proceeds will be paid by cheques, marked “Account Payee only” and drawn in the name of the sole holder/first-named holder (as determined by the records of the Registrar). The Bank Name and No., as specified in the Registrar’s records, will be mentioned in the cheque, which will be payable at par at all the cities designated by the Fund from time to time. If the Unitholder resides in any other city/town, he will be paid by a Demand Draft payable at the city/town of his residence. Redemption cheques will generally be sent to the Unitholder’s address, (or, if there is more than one joint holder, the address of the first-named holder) when the unit balance is confirmed with the records of the depository, not later than 10 (Ten) Working Days from the date of redemption. (Please refer sub-paragraph ‘Applicable NAV’ under paragraph ‘Units on Offer’ in this Chapter for cut-off times for receiving the redemption request). Redemption proceeds may also be paid to the Unitholder in any other manner like through ECS, direct credit, RTGS, demand draft, etc as the AMC may decide, from time to time, for the smooth and the efficient functioning of the Scheme. Note: The mutual fund will rely on the address and the bank account details recorded in the depository system. Any changes to the address and bank account details can be made only through the depository system. . Delay in payment of The AMC shall be liable to pay interest to the unitholders at such rate as may be redemption/repurchase proceeds specified by SEBI for the period of such delay (presently @ 15% per annum). The policy regarding reissue of Not applicable. repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same.

Restrictions, if any, on the right to freely Right to Limit Fresh Subscription & Redemption retain or dispose of units being offered. The Trustees reserve the right to stop fresh subscription/redemtion of units. The Trustees reserve the right at its sole discretion to withdraw/suspend the allotment/subscription/redemption of units in the Scheme temporarily or indefinitely, at the time of NFO or otherwise, if it is viewed that increasing/decreasing the size of the Scheme may prove detrimental to the Unit holders of the Scheme. An order to purchase/redeem the Units is not binding on and may be rejected by the AMC unless it has been confirmed in writing by the AMC.

Suspension of Sale and Redemption of The Trustee may decide to temporarily suspend determination of NAV of the Units Scheme and consequently sale and redemption of units, in any of the following events: 1. When one or more stock exchanges or markets, which provide basis for valuation for a substantial portion of the assets of the Scheme are closed otherwise than for ordinary holidays. 2. When, as a result of political, economic or monetary events or any circumstances outside the control of the Trustee and the AMC, the disposal of the assets of the Scheme is not reasonable or would not reasonably be practicable without being detrimental to the interests of the Unit holders. 3. In the event of breakdown in the means of communication used for the valuation of investments of the Scheme without which the value of the securities of the Scheme cannot be accurately calculated. 4. During periods of extreme volatility of markets which in the opinion of the AMC are prejudicial to the interests of the Unit holders of the Scheme. 5. In case of natural calamities, external aggression, internal disturbances, strikes, riots and bandhs. 6. In the event of any force majeure or disaster that affects the normal functioning of the AMC or the Registrar. 7. If so directed by SEBI. In the above eventualities mentioned above the time limits indicated above, for processing of requests for purchase and redemption of units will not be applicable. However the suspension or restriction of redemption facility under the Scheme shall be made applicable only after the approval from Board of Directors of AMC and Trustee. Till the Regulations require, the approval from the Board of Directors of AMC and Trustee giving details of circumstances and justification for the proposed action will also be informed to SEBI in advance. Bank Account Details As per the directives issued by SEBI, it is mandatory for applicants to mention their bank account numbers in their applications for purchase or redemption of Units. If Std the Unit-holder fails to provide the Bank mandate, the request for redemption Obs would be considered as not valid and the Fund retains the right to withhold the 19 redemption until a proper bank mandate is furnished by the Unit-holder and the provision with respect of penal interest in such cases will not be applicable/ entertained. Multiple Bank Account Registrations: In compliance with AMFI Best Practice Guidelines Circular No.17/2010-11 dated October 22, 2010, India Infoline Mutual Fund offers its investors the facility to register multiple bank accounts in their folios to receive redemption / dividend

proceeds. Salient features of the Multiple Bank Account Registration facility are as below: • Individual and Hindu Undivided Family (HUF) investors will be allowed to register 5 bank accounts and non-individual investors will be allowed to register up to 10 bank accounts. • Multiple Bank Registration Form will allow investors to do the following: Part A – Registering Multiple Bank Accounts Part B – Registering Default Bank Account. Part C – Deleting of Registered Bank Account The unit holder can choose any one of the registered bank accounts as default bank account. However, in case a unit holder does not specify the default bank account, the Fund reserves the right to designate any of the registered bank accounts as default bank account. Unit holders may also note that the registered bank accounts may also be used for verification of pay-ins (i.e. receiving of subscription funds) to ensure that a third party payment is not used for mutual fund subscription. The following documents will be required for the registration of the bank accounts: A cancelled original cheque leaf or a self attested copy of the cheque leaf wherein the account number and name(s) of the account holders are printed on the face of the cheque. In case the names are not so mentioned, the customer can submit a certificate from the bank or the bank account statement or a copy of the bank pass book which contain the details of the account such as name and address of the customer, bank account number, bank branch and address, MICR and IFSC code of the branch. The above documents will also be required for change in bank account mandate submitted by the investor. Discontinuation of Change of Bank Account Mandate along with redemption/dividend proceeds facility: Please refer to section “III. Units and Offer” sub-section “B. Ongoing Offer Details - How to Redeem”. Systematic Investment Plan (SIP) This facility enables investors to save and invest periodically over a longer period of time. It is a convenient way to “invest as you earn” and offers the investor an opportunity to enter the market regularly, thus averaging the acquisition cost of Units. SIP allows investors to invest a fixed amount of Rupees on specific dates every month or quarter by purchasing Units of the Scheme at the Purchase Price prevailing at such time. Any unit holder can avail of this facility subject to certain terms and conditions contained in the Application form. The SIP payments can be made by availing the Direct Debit Facility through ECS. The minimum SIP installment amount is Rs. 1000/- per month for a minimum period of six months, in case investor has opted for monthly SIP. In case quarterly SIP option is availed, the minimum SIP Installment would be Rs. 1500/- per quarter for a minimum period of 4 quarters. If frequency of SIP is not mentioned, the default frequency will by Monthly.

Direct Debit Facility in SIP through ECS: Unit Holders investing under SIP in the Scheme will have to avail the facility of Direct Debit through Electronic Clearing Service (ECS Facility offered by RBI). Direct Debit allows an investor to instruct his bank to debit his bank account at periodic intervals for making investments in mutual fund scheme(s). However the first investment in SIP under this mode shall be by way of cheque only. For subsequent installments, investors can choose between 1st, 7th, 14th and 21st of every month / quarter for the SIP. In cases where an investor opts for SIP facility without mentioning the date of installment, 7th will be considered as the default date This facility is available in select locations as indicated on the reverse of the SIP Auto – Debit Form. The SIP request should be for a minimum of 6 months in case of monthly SIPs and 4 quarters in case of quarterly SIPs. Investor has an option to choose all four dates. There shall be a gap of at least 30 days between the date of the first and second installment in the case of a SIP initiated during the Ongoing Offer period. Please refer to the SIP Auto Debit Form for further Terms & Conditions.

The load structure prevailing at the time of submission of the SIP application (whether fresh or extension) will apply for all the installments indicated in such application. Investors should note that an application for SIP should be submitted at any of the AMC/CAMS Investor Service Centres as listed in the application form. For applicable load on Purchases through SIP, please refer to the Section IV, Fees and Expenses, sub-section

Micro SIP SIPs upto Rs. 50,000/- per year per investor i.e. aggregate of installments in a rolling 12 month period or in a financial year shall be referred to as ‘Micro SIP’. For further details on Micro SIP, please refer to SAI and the Micro SIP Application Form. b. Systematic Transfer Plan (STP) This facility enables the unitholders to switch an amount from their existing investments in a Scheme/Option of the Fund, which is available for investment at that time at periodic intervals through a one time request. The switch can be made either weekly, fortnightly or monthly. Under this facility the switch by the unit holders should be within the same account/folio number. The unitholder has to fulfill the following criteria in order to avail of the Systematic Transfer Plan – a) A Unit Holder has to have a minimum balance of Rs. 10,000/- in a scheme b) the minimum amount as stated in the offer document of the respective transferor scheme, whichever is higher c) A minimum of 6 such transfers has to be submitted for the STP The transfer will be effected by way of a switch, i.e. redemption of Units from one Scheme and investment of the proceeds thereof, in the other Scheme at the then prevailing terms of both Scheme. All transactions by way of STP shall, however, be subject to the terms (other than minimum application amount) of the target Scheme. A Unit Holder who opts for an STP has the choice of switching (i) a fixed amount or (ii) an amount equal to the periodic appreciation on his/her/its investment in the Scheme from which the transfer is sought, as detailed below:

Fixed Amount Option Under this alternative, a Unit Holder may switch a fixed amount of at least Rs. 1,000/- per transaction and the ‘STP Date’ for the switch will be as under. a) where a weekly STP is opted for, the STP Date shall be the 1st, 7th, 14th or 21st, as the case may be, for the period concerned b) where a fortnightly STP is opted for, the STP Date shall be the 1st, 7th, 14th or 21st, as the case may be. For example if the investor selects 1st then the next date could be 14th or if he selects 7th then the next date could be 21st of the month c) where a monthly STP is opted for, the STP Date shall be the 1st, 7th, 14th or 21st, as the case may be, of the month concerned. The Units in the Scheme/Option from which the switch – out is sought will be redeemed at the Applicable NAV of the Scheme/Option on the respective dates on which such switches are sought and the new Units in the Scheme/Option to which the switch – in is sought will be created at the Applicable NAV of such Scheme/Option on the respective dates. In case the day on which the transfer is sought is a non business day for the Scheme, the same will be processed on the immediately following business day. Appreciation Option Under this option, the Unitholder can seek switch of an amount equal to the periodic appreciation on the investment. This facility is available only under monthly frequency. Under this option the Unit holder switches only proportionate number of Units, which when multiplied by the applicable NAV is, in amount terms equal to the appreciation in the investment over the last month. The investor has to mention a “Start Date”. The ‘STP Date’ available under this alternative are 1st, 7th, 14th or 21st of the month. The first switch will happen after one month from the start date. In case the investor purchases additional Units, the amount to be switched would be equal to the appreciation generated on such Units, provided the appreciation is atleast Rs. 1000/-. In the absence of any appreciation or appreciation less than Rs. 1000/- as mentioned above, the switch under this option will not be made for that month. The Units in the Scheme/ Option from which the switch – out is sought will be redeemed at the Applicable NAV of the Scheme/Option on the respective dates on which such switches are sought and the new Units in the Scheme/ Option to which the switch – in is sought will be allotted at the Applicable NAV of such Scheme/Option on the respective dates. In case the day on which the transfer is sought is a non-business day for the Scheme, the same will be processed on the immediately following business day.

c. Systematic Withdrawal Plan (SWP)

This facility enables the Unitholders to withdraw sums from their Unit accounts in the Scheme at periodic intervals through a one-time request. The withdrawals can be made on Monthly basis on 1st, 7th, 14th or 21st of every month. This facility is available in two options to the Unitholders:

Fixed Option: Under this option, the Unitholder can seek redemption of a fixed amount of not less than Rs. 1000/- from his Unit account. In this option the withdrawals will commence from the Start Date (being one of the dates indicated above) mentioned by the Unitholder in the Application Form for the facility. The Units will be redeemed at the Applicable NAV of the respective dates on which such withdrawals are sought. In case the day on which the withdrawal is sought is a non-business day for the Scheme, the same will be processed on the immediately following business day.

Appreciation Option: Under this option, the Unitholder can seek redemption of an amount equal to a periodic appreciation on the investment. The Unitholder redeems only such number of Units, which when multiplied by the Applicable NAV is, in amount terms equal to the appreciation in his investment over the last month provided the appreciation is atleast Rs.1000/-. In the absence of any appreciation or appreciation less than 1000/- as mentioned above, the withdrawal under this option will not be made for that month. The investor would need to indicate in his systematic withdrawal request, the commencement / start date from which the appreciation in investment value should be computed. The withdrawal will commence after one month from the commencement / start date mentioned by the Unitholder in the application Form and can, at the investor’s discretion be on 1st, 7th, 14th or 21st of the month. The Units will be redeemed at the Applicable NAV of the respective dates on which such withdrawals are sought. In case the day on which the withdrawal is sought is a non business day for the Scheme, the same will be processed on the immediately following business day. In case the investor purchases additional Units, the withdrawal amount would include the appreciation generated on such Units as well. In the absence of any appreciation or appreciation less than Rs. 1000/-, the redemption under this option will not be made.

Note: Investors who avail of either SIP, SWP or STP facility can at any time opt out of the facilities or can purchase, redeem or switch outside these facilities at their convenience.

C. PERIODIC DISCLOSURES Net Asset Value The AMC shall calculate and announce the first NAV of the Scheme within a period of This is the value per unit of the scheme 5 working days from the date of the allotment. on a particular day. You can ascertain IIFL Mutual Fund shall calculate the Net Asset Value of the Scheme on every business the value of your investments by day and shall be uploaded on AMFI’s website (www.amfiindia.com) by 9.00 pm of the multiplying the NAV with your unit same business day. In case of any delay, the reasons for such delay would be balance. explained to AMFI in writing. The NAV of the Scheme will also be updated on our website (www.iiflmf.com). Std The NAV of the Scheme will be communicated to at least two newspapers on a daily Obs basis. 17 Investors may obtain NAV information on any Working Day by calling the office of the AMC or any of the Investor Service Centers (ISC). If the NAVs are not available before commencement of the business hours on the following day due to any reasons, the Fund shall issue a press release providing reasons and explaining when the Fund will be able to publish the NAV. Half yearly Disclosures: The Mutual fund shall publish a complete statement of the Scheme Portfolio, Portfolio / Financial Results within one month from the close of each half year (i.e. 31st March and 30th This is list of securities where the September), by way of an advertisement, at least in one National English daily 35

corpus of the scheme is currently and one regional newspaper in the language of the region where the head invested. The market value of these office of the Mutual Fund is located. investments is also slated in portfolio disclosures The mutual fund may opt to send the portfolio statement to all unit holders in lieu of the advertisement. Half Yearly Results The AMC shall within one month from the close of each half year(i.e. 31st March and 30th September), shall host a soft copy of unaudited/ audited financial results on its website and shall publish an advertisement disclosing the hosting of such financial results in the newspapers or as may be prescribed under the Regulations from time to time Monthly Portfolio Disclosure The Fund shall every month disclose portfolio of the Scheme as on the last day of the month on its website viz. www.iiflmf.com, on or before the tenth day of the succeeding month. Annual Report An abridged / full Scheme-wise annual report, in electronic form, will be e-mailed to all unit holders who have provided their e-mail ids, not later than four months from the date of closure of the relevant accounting year.

In the event of receipt of a request from a unit holder for a physical copy of the abridged/full Scheme-wise annual report, notwithstanding the registration of such a unit holder’s e-mail address, the AMC will provide the unit holder with a physical copy. In the case of any unit holder whose email address is not available with the AMC/Fund and has not been provided to the AMC/Fund even on request, a physical copy of the abridged/full Scheme-wise annual report will be sent to the unit holder.

The link of the full Scheme-wise annual report will be displayed prominently on the website of the AMC, viz., www.iiflmf.com and physical copies will be made available for inspection at the head office of the AMC. Further, a copy of the full Scheme-wise annual report / abridged summary will be made available to unit holders on request. Associate Transactions Please refer to Statement of Additional Information (SAI). Taxation The information is provided for general information only. However, in view of the individual nature of the For details on taxation please refer to the clause on Taxation in the Scheme implications, each investor is advised Additional Information (SAI). to consult his or her own tax advisors/authorised dealers with respect to the specific amount of tax and other implications arising out of his or her participation in the schemes. Investor Services For any enquires/ complaints/ service requests / etc. the investors may contact: i. Computer Age Management Services Pvt. Ltd. (RTA) No. 178 (New No. 10), M.G. R. Salai (Formerly known as Kodambakkam High Road), Nungambakkam, Chennai – 600 034 Toll free no. : 1800-200-2267 ii. India Infoline Asset Management Company Ltd Mr. Ashutosh Naik : IIFL Centre, 3rd floor Annex, Kamala City, S.B. Marg, Lower Parel, Mumbai – 400 013 Tel (91 22) 4249 9000 Fax: (91 22) 2495 4310 Email: [email protected]

For verification of investor's identity, the service representatives may require personal information of the investor in order to protect confidentiality of information. The AMC will at all times endeavour to handle transactions efficiently and to resolve any investor grievances promptly. 36

D. COMPUTATION OF NAV NAV of units under the Scheme shall be calculated as shown below: Market or Fair Value of Scheme’s investments + Current Assets – Current Liabilities and Provision NAV (Rs.) = (including accrued expenses) No. of Units outstanding under Scheme/Plan on the Valuation Date The NAV will be calculated upto four decimals. The first NAV will be calculated and announced not later than 5 workings days from the date of allotment in the NFO. Thereafter, the NAV shall be calculated for close of each working day. The computation of NAV shall be in conformity with SEBI Regulations and guidelines as prescribed from time to time.

a) FEES AND EXPENSES This section outlines the expenses that will be charged to the Scheme.

b) NEW FUND OFFER (NFO) EXPENSES Expenses are incurred for the purpose of various activities related to the NFO like sales and distribution fees paid marketing and advertising, registrar expenses, printing and stationery, bank charges etc. All initial issue expenses pertaining to NFO would be borne by the AMC and not by the Scheme.

B. ANNUAL SCHEME RECURRING EXPENSES These are the fees and expenses for operating the Scheme. These expenses include Investment Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given in the table below: The AMC has estimated the following annual recurring expenses on average daily net assets of the Scheme. For the actual current expenses being charged, the investor should refer to the website of the Mutual Fund.

Particulars (% per annum to weekly average Net Assets) Investment Management Fees 0.95% Custodian fees, Registrar Expense, Investor communication expense, licensing fees, Audit and trustee fees, Marketing and Selling Expenses, Investor 0.75% Education and awareness initiative fees and other operating expenses. Total Recurring Expenses 1.70% These estimates have been made in good faith as per the information available to the Investment Manager and are subject to change inter-se. The types of expenses charged would be in accordance with SEBI (MF) Regulations. Any change in the fees and expenses indicated in this Scheme Information Document shall be treated as change in Fundamental Attributes.

Within the Total Expense Limit chargeable to the Schemes, as mentioned above, following will be charged to the Scheme: (a) Service Tax payable on services other than investment and advisory services of IIFLAMC and on brokerage and transaction cost paid for execution of Trade by Scheme(s), (b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of the Scheme,

In addition to above mentioned limits, as permitted by SEBI, the following expenses may be charged to the Scheme (a) The brokerage and transaction cost incurred for the purpose of execution of trade will be capitalized to the extent of 12bps for cash market transactions and 5 bps for derivative transactions. Any payment towards the said brokerage and transaction cost, over and above the said 12 bps & 5bps will be charged to the scheme within the maximum limit of Total Expense Ratio chargeable to the Scheme. Any expenditure in excess of the said prescribed limit (including brokerage and transaction cost, if any) shall be borne by the AMC;

(b) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities (i.e beyond top 15 cities) as specified by SEBI from time to time are at least - (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher: Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis, as per the formula prescribed by SEBI; The said additional expenses on account of inflows from beyond top 15 cities so charged shall be i. utilised for distribution expenses incurred for bringing inflows from such cities and ii. clawed back in the respective schemes, in case the said inflow is redeemed within a period of 1 year from the date of investment. (c) service tax payable on investment and advisory service fees (‘AMC Fees’) charged by India Infoline Asset Management Company Limited (IIFLAMC);

C. LOAD STRUCTURE & TRANSACTION CHARGE a) Load Structure Load is an amount which is paid by the investor to subscribe to the units or to redeem the units from the Scheme. This amount is used by the AMC to pay commissions to the distributor and to take care of other marketing and selling expenses. Load amounts are variable and are subject to change from time to time. For the current applicable structure, please refer to the website of the AMC www.iiflmf.com or may call at toll free no. 1800-200-2267 or your distributor.

Type of Load Load chargeable (as % of NAV) Entry Nil Exit i) 0.5% for exit (repurchase/switch-out/SWP/STP) on or before 30 days from the date of allotment of units; (i) 0.25% for exit (repurchase/switch-out/SWP/STP) after 30 days but on or before 90 days from the date of allotment of units;

Exit (If SIP) (i) 0.5% for exit (repurchase/switch-out/SWP/STP) on or before 30 days from the date of allotment of each installment; (i) 0.25% for exit (repurchase/switch-out/SWP/STP) after 30 days but on or before 90 days from the date of each installment;

No load will be applicable for inter-option/plan switch.

The entire exit load (net of service tax) received shall be credit back to the Scheme. No load shall be charged in respect of bonus units and of units allotted on reinvestment of dividend.

Transaction charge: 38

In terms of SEBI circular no. CIR/ IMD/ DF/ 13/ 2011 dated August 22, 2011, as amended from time to time, in case of purchases/subscriptions/new inflows only (lump sum and SIP), of Rs.10,000/ – and above per subscription; transaction charge shall be levied and be paid to the distributors/ brokers (who have opted in for charging the transaction charge) in respect of applications routed through them, subject to the following: • For Existing / New investors: Rs.100 / Rs.150 as applicable per subscription of Rs.10,000/ – and above • Transaction charge for SIP shall be applicable only if the total commitment through SIP amounts to Rs.10,000/ – and above. In such cases the transaction charge would be recovered in maximum 3/4 successful installments. • There shall be no transaction charge on subscription below Rs.10,000/-. • There shall be no transaction charges on direct investments. • There shall be no transaction charges in case of Switch, DTP, STP, SWP. The Transaction Charge as mentioned above shall be deducted by AMC from the subscription amount of the unit holder and paid to the distributor. The balance amount shall be invested in the Scheme.

The upfront commission on investment made by the investor, if any, shall be paid to the AMFI registered distributor directly by the investor, based on the investor’s assessment of various factors including service rendered by the distributor.

Under the Scheme, the AMC reserves the right to change/modify/alter the load structure if it so deems fit in the interest of smooth and efficient functioning of the Scheme, subject to maximum limits as prescribed under the SEBI Regulations. The load may also be changed from time to time and in case of exit/redemption, load may be linked to the period of holding, while in case of entry load, the same may be linked to the amount of investment. Any imposition or enhancement in the load structure shall apply on a prospective basis and in no case the same would affect the existing investors adversely. Bonus units and units issued on reinvestment of dividends shall not be subject to entry and exit load. At the time of change in load structure in future, the AMC will take following steps: • The addendum detailing the changes shall be attached to SID and Key Information Memorandum (KIM). The addendum will be circulated to all the distributors so that the same can be attached to all SID and KIM already in stock. • Arrangements shall be made to display the changes/modifications in the SID in the form of a notice in all investor service centres and distributors/brokers offices. • The introduction of the exit load/CDSC along with the details shall be stamped in the acknowledgement slip issued to the investors on submission of the application form and may also be disclosed in the statement of accounts issued after the introduction of such load/CDSC. • A public notice may be given in respect of such changes in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of region where the Head Office of the Mutual Fund is situated. • The Fund shall display the addendum on its website (www.iiflmf.com)

The investor is requested to check the prevailing load structure of the Scheme before investing. For any change in load structure, AMC will issue an addendum and display it on the website/Investor Service Centres.

The AMC/Trustee retains the right to change / impose Exit Load / CDSC, subject to SEBI Regulations. Any imposition or enhancement in the load shall be applicable on prospective investments only. However, AMC shall not charge any load on units allotted on reinvestment of dividend for existing as well as prospective investors. At the time of changing the load structure, the AMC may consider the following measures to avoid complaints from investors about investment in the scheme without knowing the loads:

1) The addendum detailing the changes may be attached to Scheme Information Document and key information memorandum. The addendum may be circulated to all the distributors/brokers so that the same can be attached to all Scheme Information Document and key information memoranda already in stock. 39

2) Arrangements may be made to display the addendum in the Scheme Information Document in the form of a notice in all the investor service centres and distributors/brokers office. 3) The introduction of the exit load/ CDSC alongwith the details may be stamped in the acknowledgement slip issued to the investors on submission of the application form and may also be disclosed in the statement of accounts issued after the introduction of such load/CDSC. 4) A public notice shall be given in respect of such changes in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of region where the Head Office of the Mutual Fund is situated. 5) Any other measures which the mutual funds may feel necessary

6) The investor is requested to check the prevailing Load structure of the Scheme before investing. For any change in Load structure, the AMC will issue an addendum and display it on its website at www.iiflmf.com / ISCs.

The Redemption Price will not be lower than 93% of the NAV, and the Purchase Price will not be higher than Std 107% of the NAV, provided that the difference between the Redemption Price and the Purchase Price at any Obs point in time shall not exceed the permitted limit as prescribed by SEBI from time to time which is presently 7% 17 calculated on the Purchase Price. (b)

V. RIGHTS OF UNITHOLDERS Please refer to SAI for details.

Std VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF Obs INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS 20 OF BEING TAKEN BY ANY REGULATORY AUTHORITY All disclosures regarding penalties and action(s) taken against foreign Sponsor(s) may be limited to the jurisdiction of the country where the principal activities (in terms of income / revenue) of the Sponsor(s) are carried out or where the headquarters of the Sponsor(s) is situated. Further, only top 10 monetary penalties during the last three years shall be disclosed. - Not Applicable In case of Indian Sponsor(s), details of all monetary penalties imposed and/ or action taken during the last three years or pending with any financial regulatory body or governmental authority, against Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company; for irregularities or for violations in the financial services sector, or for defaults with respect to share holders or debenture holders and depositors, or for economic offences, or for violation of securities law. Details of settlement, if any, arrived at with the aforesaid authorities during the last three years shall also be disclosed – a. Fine of Rs. 50,000/- was levied on India Infoline Limited (IIFL), sponsor of IIFL Mutual Fund, for violation of SEBI order dated April 23, 2009 in the matter of investigation into Pyramid Saimira Theatre Ltd. Penalty of Rs. 5,00,000/- was levied on IIFL in the course of limited purpose inspection in CM and F&O segments conducted by NSE March 2009. NSE levied penalty of Rs. 3,10,000/- on IIFL for violation of margin collection requirements during 2008. b. Penalty of Rs. 45,000/- levied by BSE, Inspection Department in March 2008 and Penalty of Rs. 50,000/- levied by BSE, Surveillance Department in November 2008 on IIFL for delay in submitting documents, KYC requirements etc. Penalty of Rs. 16,000/- imposed by BSE, Department of Investor Services on IIFL in 2009. c. NSDL has levied a penalty of Rs. 50,000/- and Rs. 5000/- on IIFL during April 2008 and October 2008 for the observations in Inspection such as inadequate proof of identity/address, incorrect PAN, data entry errors, nomination issues etc. IIFL has put in place various procedures to comply with all regulatory requirements and due diligence. d. CDSL has levied penalty of Rs. 1,500/- on IIFL for the non - compliances observed in the inspection reports of December 2007 and August 2008 for discrepancies relating to DIS etc. IIFL is a regulated entity and is registered with SEBI as Stock Broker, Depository Participant, Portfolio Manager and Merchant Banker. In the normal course of Broking and Depository business, there arise arbitration matters/client/ Exchange 40

proceedings before respective Exchanges/Depository/Forums and there arise fines/other action, most of which got/gets rectified/disposed off in the normal course. Details of all enforcement actions taken by SEBI in the last three years and/ or pending with SEBI for the violation of SEBI Act, 1992 and Rules and Regulations framed there under including debarment and/ or suspension and/ or cancellation and/ or imposition of monetary penalty/adjudication/enquiry proceedings, if any, to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel (especially the fund managers) of the AMC and Trustee Company were/ are a party. The details of the violation shall also be disclosed.- Details of matters completed- fully exonerated/Proceedings dropped by SEBI-During last 3 years: India Infoline Limited (IIFL), Sponsor of IIFL Mutual Fund had received adjudication proceedings notice dated September 08, 2008 from SEBI alleging the violation of SEBI (DP) Regulations and Depositories Act, against which IIFL preferred consent proceedings. Proceedings were dropped by SEBI vide Consent Order dated June 05, 2009. IIFL had received adjudication Notice dated November 28, 2008 from SEBI in the matter of Clients dealing in GHCL Shares. There were allegations of violation of provisions of SEBI (Prohibition of Fraudulent & Unfair Trade Practices relating to Securities Market) Regulations, 2003. SEBI vide its Order dated June 15, 2009 rejected all charges against IIFL. IIFL had received adjudication Notice dated August 27, 2009, alleging the violation of provisions of SEBI (Stock Broker & Sub broker) Regulations, 1992, against which IIFL preferred consent proceedings. Proceedings were dropped by SEBI vide Consent Order dated May 18, 2010. SEBI Orders for compliance–Fully complied- During last 3 years: IIFL had received letter dated July 13, 2010 from SEBI with regard to the matter of Parabolic Drugs Limited wherein SEBI advised IIFL to gear up the back office system and ensure efficient control to minimize PAN mismatches while making data entry in IPO biddings in future. IIFL ensured compliance to avoid recurrence of such mismatches and the same was confirmed to SEBI vide replies dated July 30, 2010 and August 27, 2010. No Show Cause Notice received from SEBI. In the matter of Osian LPG Bottling Limited, SEBI vide its letter dated June 18, 2008 advised IIFL to ensure that the shares are sold/purchased by the client or credited to respective client’s account directly instead of through IIFL’s Beneficiary account. The same was complied with and IIFL also rectified its system and confirmed the same to SEBI vide letter dated July 25, 2008. No Show Cause Notice received from SEBI. Pertaining to non bidding of applications in Coal India Ltd. IPO, SEBI vide its letter dated February 09, 2011 advised IIFL not to act as syndicate member in IPO till resolution of such matters. IIFL submitted Resolution status to SEBI and SEBI had withdrawn their restrictions vide its letter dated March 11, 2011.

IIFL received Administrative Warning dated December 07, 2010 from SEBI in respect of inspection carried out in 2010. SEBI recommended improvement in the system and rectification of deficiencies found during inspection. IIFL complied with the same and rectified systems and confirmed the same to SEBI vide letters dated February 21 &23, 2011 and March 03, 2011. No Show cause Notice received from SEBI SEBI Pending Proceedings against IIFL during last 3 years:

 India Infoline Limited (IIFL), Sponsor of IIFL Mutual Fund had received adjudication Notice dated November 27, 2009 from SEBI adjudicating Clients dealing in GHCL Shares. There were allegations of violation of provisions of SEBI (Prohibition of Fraudulent &Unfair Trade Practices relating to securities Market) Regulations, 2003. IIFL submitted its reply to SEBI and Stopped Trading with GHCL group of clients. Proceedings in the said matter are pending till date.  SEBI has issued Enquiry Notice dated March 03, 2010 to IIFL regarding clients dealing in the shares of Pyramid Saimira Theatre Ltd. There were allegations of violation of provisions of SEBI (Stock Brokers and Sub brokers) Regulations, 1992 in the clients dealing in the shares of Pyramid Saimira Theatre Ltd. IIFL has strengthened the system for monitoring SEBI/Exchange orders on daily basis and freezing of accounts immediately and has also appointed dedicated person in back office & compliance for the said purposes. On June 29, 2010, IIFL has filed Application for Consent with SEBI. However, Consent Proceedings are pending till date.  SEBI has issued Enquiry Notice dated April 27, 2010 to IIFL alleging the violation of provisions of SEBI (Stock Broker & Sub broker) Regulations, 1992. IIFL has clarified on factual inaccuracies and initiated several steps on strengthening systems and reduced Investor complaints. Show cause notice from SEBI received vide letter dated September 22, 2011. IIFL has preferred consent proceedings vide letter dated October 10, 2011. 41

 IIFL has received Adjudication proceedings notice dated January 03, 2011from SEBI in the matter of Asian Star Co. Ltd., alleging violation of Regulation 7 Clause A(1) & A(2) of Code of Conduct for Stock Brokers. IIFL has frozen the account of the client and initiated verification of Client Master Details of all clients along with necessary proofs and also initiated steps for establishing the identity and contact details of clients. SEBI has issued Order no: BM/AO – 7/2012 dated January 12, 2012.

Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel are a party should also be disclosed separately.- None Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or the Board of Trustees/Trustee Company which SEBI has specifically advised to be disclosed in the SID, or which has been notified by any other regulatory Std agency, shall be disclosed.- None Obs The Trustees have approved this Scheme Information Document on November 12, 2012 and have ensured that the 26 Scheme is a new product offered by IIFL Mutual Fund and is not a minor modification of the existing Schemes. Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable. Std Obs For and behalf of India Infoline Asset Management Company Limited 22 Sd/- Place: Mumbai Gopinath Natarajan Date: ______Chief Executive Officer

Computer Age Management Services Pvt. Ltd. (CAMS) Customer Service Centers and Official Points of Acceptance: Agartala - Advisor Chowmuhani, Ground Floor, Krishnanagar, Agartala, Tripura - 799 001. Agra - No. 8, 2nd Floor, Maruti Tower, Sanjay Place, Agra, Uttar Pradesh - 282 002. Ahmedabad - 402-406, 4th Floor, Devpath Building, Off C G Road, Behind Lal Bungalow, Ellis Bridge, Ahmedabad, Gujarat - 380 006. Ajmer - AMC No. 423/30, Near Church, Brahampuri, Opp. T B Hospital, Jaipur Road, Ajmer, Rajasthan -305 001. Akola - Opp. RLT Science College, Civil Lines, Akola, Maharashtra - 444 001. Aligarh - City Enclave, Opp. Kumar Nursing Home, Ramghat Road, Aligarh, Uttar Pradesh - 202 001. Allahabad - 30/2, A&B, Civil Lines Station, Besides Vishal Mega Mart, Strachey Road, Allahabad, Uttar Pradesh – 211 001. Alleppey - Doctor, Tower Building, Door No. 14/2562, 1st Floor, North of Lorn Bridge, Near Hotel Arcadia, Regency Alleppey, Kerala - 688 001. Alwar - 256-A, Scheme No.1, Arya nd Nagar, Alwar, Rajasthan - 301 001. Amaravati - 81, Gulsham Tower, 2 Floor, Near Panchsheel Talkies, Amaravati, Maharashtra - 444 601. Ambala - Opposite PEER, Bal Bhavan Road, Ambala, 721, Haryana - 134 003. Amritsar - SCO - 18-J, „C‟ Block, Ranjit Avenue, Amritsar, Punjab - 143 001. Anand - 101, A. P. Tower, B/H, Sardhar Gunj, Next to Nathwani Chambers, Anand, Gujarat - 388 001. Anantapur - 15-570-33, 1st Floor, Pallavi Towers, Anantapur, Andhra Pradesh - 515 001. Andheri - CTS No. 411, Citi Point, Gundivali, Teli Gali, Above C. T. Chatwani Hall, Andheri, Mumbai - 400 069. Ankleshwar - Shop No. F-56, 1st Floor, Omkar Complex, Opp. Old Colony, Near Valia Char Rasta, GIDC, Ankleshwar, Bharuch, Gujarat – 393 st 002. Asansol - Block-G, 1 Floor, P C Chatterjee Market Complex, Rambandhu Talab, P.O. - Ushagram, Asansol, West Bengal - 713 303. Aurangabad - Office No. 1, 1st Floor, Amodi Complex, Juna Bazar, Aurangabad, Maharashtra - 431 001. Balasore - B C Sen Road, Balasore, Orissa - 756 001. Bangalore - Trade Centre, 1st Floor, 45, Dikensen Road, Next to Manipal Centre, Bangalore, Karnataka - 560 042. Bareilly - F-62-63, Butler Plaza, Civil Lines, Bareilly, Uttar Pradesh - 243 001. Belgaum - 1st Floor, 221/2-A/1-B, Vaccine Depot Road, Near 2nd Railway Gate, Tilakwadi, Belgaum, Karnataka - 590 006. Bellary - 60/5, Mullangi Compound, Gandhi Nagar, Main Road, Old Gopalswamy Road, Bellary, Karnataka - 583 101. Berhampur - 1st Floor, Upstairs of Aaroon Printers, Gandhi Nagar, Main Road, Berhampur, Orissa - 760 001. Bhagalpur - Krishna, 1st Floor, Near Mahadev Cinema, Dr. R. P. Road, Bhagalpur, Bihar - 812 002. Bhatinda - 2907, GH, G T Road, Near Zila Parishad, BHATINDA, Punjab - 151 001. Bhavnagar - 305-306, Sterling Point, Waghawadi Road, OPP. HDFC BANK, Bhavnagar, Gujarat - 364 002. Bhilai - 209, Khichariya Complex, Opp. IDBI Bank, Nehru Nagar Square, Bhilai, Chhattisgarh - 490 020. Bhilwara - Indraparstha Tower, 2nd Floor, Shyam Ki Sabji Mandi, Near Mukharji Garden, Bhilwara, Rajasthan - 311 001. Bhopal - Plot No. 10, 2nd Floor, Alankar Complex, Near ICICI Bank, M P Nagar, Zone - II, Bhopal, Madhya Pradesh - 462 011. Bhubaneswar - Plot No. 111, Varaha Complex Building, 3rd Floor, Station Square, Kharvel Nagar, Unit - 3, Bhubaneswar, Orissa - 751 001. Bhuj - Data Solution, Office No. 17, 1st Floor, Municipal Building, Opp. Hotel Prince, Station Road, Bhuj - Kutch, Gujarat - 370 001. Bikaner - F-4, 5 Bothra Complex, Modern Market, Bikaner, Rajasthan - 334 001. Bilaspur – Beside HDFC Bank, Link Road, Bilaspur, Chattisgarh - 495 001. Bokaro - Mazzanine Floor, F-4, City Centre, Sector - 4, Bokaro Steel City, Bokaro, Jharkhand - 827 004. Burdwan - 399, G T Road, Basement of Talk of the Town, Burdwan, West Bengal - 713 101. Calicut - 29/97-G, 2nd Floor, Gulf Air Building, Mavoor Road, Arayidathupalam, Calicut, Kerala - 673 016. Chandigarh - Deepak Tower, SCO-154-155, 1st Floor, Sector - 17-C, Chandigarh, Punjab - 160 017. Chennai - Ground Floor, No.178/10, Kodambakkam High Road, Opp. Hotel Palmgrove, Nungambakkam, Chennai, Tamil Nadu - 600 034. Chennai (OMR) - Ground Floor, 148, Old Mahabalipuram Road, Okkiyam, Thuraipakkam, Chennai, Tamil Nadu - 600 097. Cochin - rd Door No. 64/5871-D, 3 Floor, Ittoop‟s Imperial Trade Center, M. G. Road, North Cochin, Kerala - 682 035. Coimbatore - Old # 66, New # 86, Lokamanya Street (West), Ground Floor, R. S. Puram, Coimbatore, Tamil Nadu - 641 002. Cuttack - Near Indian Overseas Bank, Cantonment Road, Mata Math, Cuttack, Orissa - 753 001. Davenegere - 13, 1st Floor, Akkamahadevi Samaj Complex, Church Road, P. J. Extension, Devengere, Karnataka - 577 002. Dehradun - 204/121, Nari Shilp, Mandir Marg, Old Connaught Place, Dehradun, Uttaranchal - 248 001. Deoghar - S S M Jalan Road, Ground Floor, Opp. Hotel Ashoke, Caster Town, Deoghar, Jharkhand - 814 112. Dhanbad - Urmila Towers, Room No. 111, 1st Floor, Bank More, Dhanbad, Jharkhand - 826 001. Durgapur - City Plaza Building, 3rd Floor, City Centre, Durgapur, West Bengal - 713 216. Erode - 197, Seshaiyer Complex, Agraharam Street, Erode, Tamil Nadu – 638 001. Faridhabad - B-49, 1st Floor, Nehru Ground, Behind Anupam Sweet House, NIT, Faridhabad, Haryana - 121 001. Ghaziabad - 113/6, 1st Floor, Navyug Market, Gazhiabad, Uttar Pradesh - 201 001. Goa - No.108, 1st Floor, Gurudutta Bldg., Above Weekender, M G Road, Panaji, Goa - 403 001. Gorakhpur - Shop No. 3, 2nd Floor, The Mall, Cross Road, A. D. Chowk, Bank Road, Gorakhpur, Uttar Pradesh - 273 001. Guntur - Door No. 5-38-44, 5/1, BRODIPET, Near Ravi Sankar Hotel, Guntur, Andhra Pradesh - 522 002. Gurgaon - SCO - 16, Sector - 14, 1st Floor, Gurgaon, Haryana - 122 001. Guwahati - A. K. Azad Road, Rehabari, Guwahati, Assam - 781 008. Gwalior - G-6, Global Apartment, Kailash Vihar Colony, Opp. Income Tax Office, City Centre, Gwalior, Madhya Pradesh - 474 002. Hazaribag - Municipal Market, Annanda Chowk, Hazaribagh, Jharkhand - 825 301. Hisar - 12, Opp. Bank of Baroda, Red Square Market, Hisar, Haryana - 125 001. Hubli - No. 204-205, 1st Floor, „B‟ Block, Kundagol Complex, Opp. Court, Club Road, Hubli, Karnataka - 580 029. Hyderabad - 208, 2nd Floor, Jade Arcade, Paradise Circle, Secunderabad, Andhra Pradesh - 500 003. Indore - 101, Shalimar Corporate Centre, 8-B, South Tukogunj, Opp. Greenpark, Indore, Madhya Pradesh - 452 001. Jabalpur - 8, Ground Floor, Datt Towers, Behind Commercial Automobiles, Napier Town, Jabalpur, Madhya Pradesh - 482 001. Jaipur - R-7, Yudhisthir Marg, C-Scheme, Behind Ashok Nagar Police Station, Jaipur, Rajasthan - 302 001. Jalandhar - 367/8, Central Town, Opp. Gurudwara Diwan Asthan, Jalandhar, Punjab - 144 001. Jalgaon - Rustomji Infotech Services, 70, Navipeth, Opp. Old Bus Stand, Jalgaon, Maharashtra - 425 001. Jammu - JRDS Heights Lane, Opp. S & S Computers, Near RBI Building, Sector-14, Nanak Nagar, Jammu, J&K - 180 004. Jamnagar - 217/218, Manek Centre, P. N. Marg, Jamnagar, Gujarat - 361 008. Jamshedpur - Millennium Tower, “R” Road, Room No.15, 1st Floor, Bistupur, Jamshedpur, Jharkhand – 831 001. Jhansi - Opp. SBI Credit Branch, Babu Lal Kharkana Compound, Gwalior Road, Jhansi, Uttar Pradesh - 284 001. Jodhpur - 1/5, Nirmal Tower, 1st Chopasani Road, Jodhpur, Rajasthan - 342 003. Junagadh - Circle Chowk, Near Choksi Bazar Kaman, Junagadh, Gujarat - 362 001. Kadapa - Bandi Subbaramaiah Complex, D. No. 3/1718, Shop No. 8, Raja Reddy Street, Kadapa, Andhra Pradesh - 516 001. Kakinada - No. 33-1, 44 Sri Sathya Complex, Main Road, Kakinada, Andhra Pradesh - 533 001. Kalyani - A-1/50, Block-A, Dist. - Nadia, Kalyani, West Bengal - 741 235. Kannur - Room No. 14/435, Casa Marina Shopping Centre, Talap, Kannur, Kerala - 670 004. Kanpur - 1st Floor, 106 to 108, CITY CENTRE, Phase II, 63/2, THE MALL, Kanpur, Uttar Pradesh - 208 001. Karimnagar - H. No. 7-1-257, Upstairs S B H Mangammathota, Karimnagar, Andhra Pradesh - 505 001. Karur - 126-G, V. P. Towers, Kovai Road, Basement of Axis Bank, Karur, Tamil Nadu - 639 002. Kharagpur - H. NO. 291/1, WARD NO. 15, MALANCHA MAIN ROAD, OPPOSITE UCO BANK, Kharagpur, West Bengal - 721 301. Kolhapur - 2-B, 3rd Floor, Ayodhya Towers, Station Road, Kolhapur, Maharashtra - 416 001. Kolkata - Saket Building, 2nd Floor, 44, Park Street, Kolkata, West Bengal - 700 016. Kollam - Kochupilamoodu Junction, Near VLC, Beach Road, Kollam, Kerala - 691 001. Kota - B-33, Kalyan Bhawan, Triangle Part, Vallabh Nagar, Kota, Rajasthan - 324 007. Kottayam - KMC IX / 1331-A, Opp. Malayala Manorama, Railway Station Road, Thekkummoottil, Kottayam, Kerala - 686 001. Kumbakonam - Jailani Complex, 47, Mutt Street, Kumbakonam, Tamil Nadu - 612 001. Kurnool - H. No. 43/8, Upstairs Uppini Arcade, N R Peta, Kurnool, Andhra Pradesh - 518 004. Lucknow - Off # 4, 1st Floor, Centre Court Building, 3/C, 5, Park Road, Hazratganj, Lucknow, Uttar Pradesh - 226 001. Ludhiana - U/GF, Prince Market, Green Field, Near Traffic Lights, Sarabha Nagar Pulli, Pakhowal Road, Ludhiana, Punjab - 141 002. Madurai - 86/71-A, Tamilsangam Road, Madurai, Tamil Nadu - 625 001. Mangalore - No. G-4 & G-5, Inland Monarch, Opp. Karnataka Bank, Kadri Main Road, Kadri, Mangalore, Karnataka - 575 003. Margao - Virginkar Chambers, 1st Floor, Near Kamath Milan Hotel, New Market, Near Lily Garments, Old Station Road, Margao, Goa - 403 601. Meerut - 108, 1st Floor, Shivam Plaza, Opposite Eves Cinema, Hapur Road, Meerut, Uttar Pradesh - 250 002. Mehsana - 1st Floor, Subhadra Complex, Urban Bank Road, Mehsana, Gujarat - 384 002. Moradabad - B-612, „Sudhakar‟, Lajpat Nagar, Moradabad, Uttar Pradesh - 244 001. Mumbai - Rajabahdur Compound, Ground Floor, Opp. Allahabad Bank, Behind ICICI Bank, 30, Mumbai Samachar Marg, Fort, Mumbai - 400 023. Muzzafarpur - Brahman Toli, Durgasthan, Gola Road, Muzaffarpur, Bihar - 842 001. Mysore - No.1, 1st Floor, CH. 26, 7th Main, 5th Cross, Above Trishakthi Medicals, Saraswati Puram, Mysore, Karnataka - 570 009. Nagpur - 145, Lendra, New Ramdaspeth, Nagpur, Maharashtra - 440 010. Nasik - Ruturang Bungalow, 2, Godavari Colony, Behind Big Bazar, Near Boys Town School, Off. College Road, Nasik, Maharashtra - 422 005. Navsari - Dinesh Vasani & Associates, 103, Harekrishna Complex, Above IDBI Bank, Near Vasant Talkies, Chimnabai Road, Navasari, Gujarat - 396 445. Nellore - 97/56, 1st Floor, Immadisetty Towers, Ranganayakulapet Road, Santhapet, Nellore, Andhra Pradesh - 524 001. New Delhi - 304-305, 3rd Floor, Kanchenjunga Building, 18, Barakhamba Road, Cannaugt Place, New Delhi - 110 001. Noida - C-81, 1st Floor, Sector - 2, Noida, Uttar Pradesh - 201301. Palakkad - 10/688, Sreedevi Residency, Mettupalayam Street, Palakkad, Kerala - 678 001. Panipat - 83, Devi Lal Shopping Complex, Opp. ABN Amro Bank, G T Road, Panipat, Haryana - 132 103. Patiala - 35, New Lal Bagh Colony, Patiala, Punjab - 147 001. Patna - G-3, Ground Floor, OM Vihar Complex, S P Verma Road, Patna, Bihar - 800 001. Pondicherry - S-8, 100, Jawaharlal Nehru Street, New Complex, Opp. Indian Coffee House, Pondicherry - 605 001. Pune - Nirmiti Eminence, Off. No.6, 1st Floor, Opp. Abhishek Hotel, Mehandale Garage Road, st Erandawane, Pune, Maharashtra - 411 004. Raipur - HIG, C- 23, Sector - 1, Devendra Nagar, Raipur, Chhattisgarh - 492 004. Rajahmundry - Cabin-101, D. No. - 7-27-4, 1 Floor, Krishna Complex, Baruvari Street, T. Nagar, Rajahmundry, Andhra Pradesh - 533 101. Rajkot - Office 207 - 210, Everest Building, Harihar Chowk, Opp. Shastri Maidan, Limda Chowk, Rajkot, Gujarat - 360 001. Ranchi - 4, H B Road, No. 206, 2nd Floor, Shri Lok Complex, Near Firayalal, Ranchi, Jharkhand - 834 001. Rohtak - 205, 2nd Floor, Bldg. No.2, Munjal Complex, Delhi Road, Rohtak, Haryana - 124 001. Rourkela - 1st Floor, Mangal Bhawan, Phase II, Power House Road, Rourkela, Orissa - 769 001. Saharanpur - 1st Floor, Krishna Complex, Opp. Hathi Gate, Court Road, Saharanpur, Uttar Pradesh - 247 001. Salem - No.2, 1st Floor, Vivekananda Street, New Fairlands, Salem, Tamil Nadu - 636 016. Sambalpur - C/o. Raj Tibrewal & Associates, Opp.Town High School, Sansarak, Sambalpur, Orissa - 768 001. Satara - 117/A-3/22, Shukrawar Peth, Sargam Apartment, Satara, Maharashtra - 415 002. Shimla - 1st Floor, Opp. Panchayat Bhawan, Main Gate, Bus Stand, Shimla, Himachal Pradesh - 171 001. Shimoga - Nethravathi, Near Gutti Nursing Home, Kuvempu Road, Shimoga, Karnataka - 577 201. Siliguri - No. 7, Swamiji Sarani, Ground Floor, Ground Floor, Hakimpara, Siliguri, West Bengal - 734 001. Solapur - Flat No. 109, 1st Floor, A Wing, Kalyani Tower, 126, Siddheshwar Peth, Near Pangal High School, Solapur, Maharashtra - 413 001. Sriganganagar - 18/L Block, Sri Ganganagar, Rajasthan - 335 001. Surat - Plot No. 629, 2nd Floor, Office No. 2-C/2-D, Mansukhlal Tower, Beside Seventh Day Hospital, Opp. Dhiraj Sons, Athwalines, Surat, Gujarat - 395 001. Thane - 3rd Floor, Nalanda Chambers, “B” Wing, Gokhale Road, Near Hanuman Temple, Naupada, Thane, Maharashtra - 400 602. Thiruppur - 1(1), Binny Compound, II Street, Kumaran Road, Thiruppur, Tamil Nadu - 641 601. Thiruvalla - Central Tower, Above Indian Bank, Cross Junction, Thiruvalla, Kerala - 689 101. Tirunelveli - 1st Floor, Mano Prema Complex, 182/6, S. N. High Road, Tirunelveli, Tamil Nadu - 627 001. Tirupathi - Shop No.14, Boligala Complex, 1st Floor, Door No. 18-8-41/B, Near Leela Mahal Circle, Tirumala Byepass Road, Tirupathi, Andhra Pradesh - 517 501. Trichur - Adam Bazar, Room No.49, Ground Floor, Rice Bazar (East), Trichur, Kerala - 680 001. Trichy - No. 8, 1st Floor, 8th Cross, West Extn., Thillainagar, Trichy, Tamil Nadu - 620 018. Trivandrum - R S Complex, Opposite of LIC Building, Pattom - PO, Trivandrum, Kerala - 695 004. Udaipur - 32, Ahinsapuri, Fatehpura Circle, Udaipur, Rajasthan - 313 004. Vadodara - 103, Aries Complex, BPC Road, Off. R. C. Dutt Road, Alkapuri, Vadodara, Gujarat - 390 007. Valsad - 3rd Floor, Gita Nivas, Opp. Head Post Office, Halar Cross Lane, Valsad, Gujarat - 396 001. Vapi - 215-216, Heena Arcade, Opp. Tirupati Tower, Near GIDC, Char Rasta, Vapi, Gujarat - 396 195. Varanasi - C-27/249 - 22/A, Vivekanand Nagar Colony, Maldhaiya, Varanasi, Uttar Pradesh - 221 002. Vellore - No.54, 1st Floor, Pillaiyar Koil Street, Thotta Palayam, Vellore, Tamil Nadu - 632 004. Vijayawada - 40-1-68, Rao & Ratnam Complex, Near Chennupati Petrol Pump, M G Road, Labbipet, Vijayawada, Andhra Pradesh - 520 010. Visakhapatnam - 47/9/17, 1st Floor, 3rd Lane, Dwaraka Nagar, Visakhapatnam, Andhra Pradesh - 530 016. Warangal - F-13, 1st Floor, BVSS Mayuri Complex, Opp. Public Garden, Lashkar Bazaar, Hanamkonda, Warangal, Andhra Pradesh - 506 001. Yamuna Nagar - 124-B/R Model Town, Yamuna Nagar, Haryana - 135 001.

IIFL Mutual Fund Customer Service Registrar and Transfer Agent CMS Collection Bankers Centers and Official Points of Acceptance India Infoline Asset Management Co Ltd Computer Age Management Services HDFC Bank Limited Registered Office: Private Limited (CAMS) Registered Office IIFL Centre, 3rd floor Annex, Kamala City, Registered Office: HDFC Bank House, S.B. Marg, Lower Parel, Mumbai – 400 013 New No. 10, Old No. 178, M.G.R. Salai, Senapati Bapat Marg, www.iiflmf.com Nungambakkam, Chennai – 600034 Lower Parel, Mumbai 400 013 www.camsonline.com www.hdfcbank.com