s Jain Sachin AnalystsResearch [email protected] Mutual Fund Activity | high SIP inflow inflows with Inflows 8819 flows at June was crore . In into | in July 13, 13, 2021 July | May, Highlights 9155 seeing in 7000 June equity May excluding • crore crore came 2021 | funds PRODUCT 1 6000 . . compared in NFO at continued crore all flows, - time to of

ICICI Securities – Retail Equity Research Source: ACE MF, MF, ACE Source: Top buy/sell across AMCs: Large Cap ICICI Direct Research. Note: Largecaps/Midcaps/Smallcaps Largecaps/Midcaps/Smallcaps Note: Research. Direct ICICI Ltd. Industries Grasim Ltd. Transmission Adani Ltd. Corporation Oil Indian Ltd. Paints Asian Ltd. Gas Corporation Natural & Oil Ltd. Company Titan Ltd. Ltd. Enterprises Adani NMDC Ltd. Ltd. Zinc Hindustan Top 10 Sells in Largecap National Punjab Ltd. Products Godrej Consumer CoHDFC Ltd. Insurance Life Ltd. Ltd. Steel JSW Ltd. Services And Payment SBI Cards Ltd. India Ltd. Towers Indus Top 10 Buys in Largecap Tech Ltd. Ltd. ICICI Ltd. Securities Retail| MF Research a s defined by by defined s AMFI. Socks above above Socks AMFI. Market Value(crs) Market Value(crs) Jun-21 Jun-21 10203 4556 4115 7485 8725 6206 2188 1351 1972 1276 1112 1807 6536 4166 3946 5044 1836 136 136 311 | 50 crore crore 50 | May-21 May-21 4782 4458 7991 9101 6161 2256 1309 2434 8740 1119 1018 1623 5721 3215 3542 4510 1520 202 165 208 holding were considered were holding Jun-21 Jun-21 Shares(lakhs) Shares(lakhs) 3814 7413 1071 2628 304 250 357 385 931 315 208 952 281 577 520 187 130 13 90 40 May-21 May-21 4081 8008 1336 2402 325 268 386 417 855 288 190 859 245 498 432 147 14 99 50 86 2

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Research. Note: Largecaps/Midcaps/Smallcaps Largecaps/Midcaps/Smallcaps Note: Research. Direct ICICI MF, ACE Source: Top buy/sell across AMCs: Midcap Dr. Lal Pathlabs Ltd. Pathlabs Dr. Lal Ltd. Industries Aarti Ltd. Housing Finance LIC Ltd. Nitrite Deepak Ltd. Financiers Aavas Ltd. Chemicals Amines Alkyl LNG Ltd. Petronet Ltd. Sun TV Network Ltd. Energy Ltd. JSW Top 10 Sells in Midcap Amara Raja Batteries Ltd. Batteries Raja Amara Ltd. Escorts Ltd. Bank IDFC First Ltd. . Finance Manappuram Ltd. Enterprises Entertainment Zee Ltd. MotorTVS Company BankIndian Ltd. Company Finance Transport Shriram Ltd. Forgings Precision Sona BLW Top 10 Buys in Midcap ICICI Ltd. Securities Retail| MF Research a s defined by by defined s AMFI. Socks above above Socks AMFI. Market Value(crs) Market Value(crs) Jun-21 Jun-21 1219 2680 1986 2873 1671 1000 1266 1416 1671 4633 1747 2500 656 161 767 250 151 932 116 835 | 50 crore crore 50 | May-21 May-21 1231 2924 2236 3235 2106 1230 1168 1280 3329 642 192 944 266 229 909 810 422 880 95 holding were considered were holding - Jun-21 Jun-21 Shares(lakhs) Shares(lakhs) 2516 2336 307 422 159 740 145 134 839 778 747 577 130 728 37 24 90 76 20 4 May-21 May-21 3072 2103 349 480 181 872 174 195 123 717 611 541 302 42 28 69 18 62 5 - 3

ICICI Securities – Retail Equity Research Source: ACE MF, Note: Largecaps/Midcaps/Smallcaps Largecaps/Midcaps/Smallcaps Note: MF, ACE Source: Top buy/sell across AMCs: Smallcap Kalyan Jewellers India Ltd. India Jewellers Kalyan Ltd. Mahindra CIE Automotive Ltd. Minda Corporation Ltd. India Granules Ltd. (India) Wendt Ltd. Technologies Zensar And Energy Ltd. Metalics Shyam Ltd. Orchid Pharma Ltd of Sciences Medical Institute Krishna Ltd Dodla Dairy Top 10 Buys in Smallcap Valiant Organics Ltd. Organics Valiant Ltd. Infraprojects Capacit'e Ltd. Nazara Technologies Ltd. Datacom & Cable Ltd. PNB Housing Finance Ltd. Minds Technologies Happiest Ltd. Chemicals & Fertilizers Valley Narmada Gujarat Ltd. SpiceJet Ltd. Rane Holdings Ltd. Planners Trip Easy Top 10 Sells in Smallcap a s defined by AMFI. Socks above |50 crores holding were considered were holding crores |50 above Socks AMFI. by defined s ICICI Ltd. Securities Retail| MF Research Market Value(crs) Market Value(crs) Jun-21 Jun-21 114 478 237 651 159 863 328 119 112 308 181 473 190 83 53 91 74 87 54 82 May-21 May-21 274 152 102 165 164 401 184 542 253 135 134 71 55 18 90 79 - - - - Jun-21 Jun-21 Shares(lakhs) Shares(lakhs) 1188 145 201 209 108 65 71 43 10 91 57 61 27 47 50 21 1 5 7 8 May-21 May-21 1564 106 136 170 44 48 36 78 10 35 62 67 14 41 1 6 - - - - 4

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Research. Note: Stock holding above | 50 crore is considered is crore 50 | above holding Stock Note: Research. Direct ICICI MF, ACE Source: AMC wise: Top Buys and Top Holdings Ltd. Bank Mahindra Kotak Ltd. Developers IRB Infrastructure Company Finance Transport Shriram Ltd. Inox Leisure Ltd. Steel JSW Bank National Punjab Ltd. Healthcare Cadila Ltd. India Ltd. Forgings Precision BLW Sona Ltd ofSciences Medical Institute Krishna Top 10 Buys Ltd. (India) Wendt Ltd. Grameen CreditAccess Co. Ltd. Finance Transport Shriram Ltd. Forgings Precision BLW Sona Ltd. Finance Manappuram Ltd. KNR Constructions BankIndian Ltd. Pesticides India Ltd Dodla Dairy Ltd. Enterprises Brigade Top 10 Buys Market Value(crs) Market Value(crs) Jun-21 Jun-21 HDFC AMC SBI AMC 199 246 125 515 111 519 163 229 118 340 117 143 689 101 126 62 65 53 57 65 May-21 May-21 385 341 100 141 139 50 32 57 18 19 4 ------Jun-21 Jun-21 138 147 201 30 69 39 53 34 18 38 19 12 19 60 53 22 43 45 1 4 Shares(lakhs) Shares(lakhs) ICICI Ltd. Securities Retail| MF Research May-21 May-21 21 44 24 32 20 76 18 9 1 3 0 ------%Change %Change 1588% 113% 134% 517% 42% 56% 62% 64% 69% 94% 98% ------ Ltd. India Coal Ltd. Bank Axis ITC Ltd. Ltd. Industries Reliance Ltd. NTPC Toubro & Ltd. Larsen HDFC Ltd. Bank Ltd. Ltd. ICICI Bank Of Bank India State Top 10 Holdings Toubro & Ltd. Larsen Ltd. Bank Axis Of Bank India State Ltd. Bank Mahindra Kotak Ltd. Services Consultancy Tata Ltd. Corporation Finance Housing Development Ltd. ICICI Bank Ltd. Industries Reliance Ltd. Infosys HDFC Ltd. Bank Top 10 Holdings Market Value(crs) Market Value(crs) Jun-21 HDFC AMC Jun-21 12058 16612 17662 18814 24475 SBI AMC 3780 4166 4385 4843 5015 5625 6371 8164 9328 9875 7087 7593 7944 8388 9421 May-21 May-21 10267 10432 12265 17327 17920 16491 24638 3807 4287 4846 4821 4785 5905 6446 7297 6919 7452 8020 8664 8842 Jun-21 Jun-21 2577 2163 4309 1479 2356 1015 1895 2633 1190 1634 557 229 375 425 516 472 492 282 487 837 Shares(lakhs) Shares(lakhs) May-21 May-21 2578 2237 4331 1549 2458 1890 2615 1183 1625 571 223 402 425 524 472 993 479 280 480 829 %Change %Change -2% -3% -1% -7% -1% -5% -4% 0% 3% 0% 0% 2% 0% 3% 1% 1% 1% 1% 1% 1% 5

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Direct ICICI MF, ACE Source: AMC wise: Top Buys and Top Holdings Nestle India Ltd. India Nestle Ltd. Batteries Raja Amara Ltd. Norton Grindwell Ltd. CIE Mahindra Automotive Ltd. Industries Britannia Ltd. Cables Finolex Ltd. Housing Finance LIC Ltd. Technologies Zensar Ltd. Orchid Pharma Ltd ofSciences Medical Institute Krishna Top 10 Buys Gas Ltd. Indraprastha Of Ltd. India Authority Steel Ltd. Escorts Ltd. Communications Tata Hero MotoCorp Ltd. LNG Ltd. Petronet Ltd. Enzyme Technologies Advanced Co Ltd. HDFC Insurance Life Ltd. Technologies Zensar Ltd ofSciences Medical Institute Krishna Top 10 Buys Research. Note: Stock holding above |50 crore is considered is crore |50 above holding Stock Note: Research. ICICI Prudential AMC ICICI Prudential Market Value(crs) Market Value(crs) Nippon AMC Jun-21 Jun-21 120 115 111 202 241 225 401 642 60 63 88 87 91 83 66 54 90 99 49 83 May-21 May-21 138 109 219 73 33 31 29 31 35 19 38 30 46 30 82 0 - - - - Jun-21 Jun-21 185 24 94 16 37 22 24 65 10 12 17 14 40 9 1 8 5 2 9 4 Shares(lakhs) Shares(lakhs) ICICI Ltd. Securities Retail| MF Research May-21 May-21 109 14 10 19 12 0 4 3 1 8 4 7 3 7 7 0 - - - - %Change %Change 439858% 102% 160% 166% 177% 471% 107% 244% 661% 64% 80% 63% 70% 71% 72% 90% - - - - Ltd. Airtel Bharti Ltd. Gas Corporation Natural & Oil Grid Corp Power of Ltd. India Ltd. Bank Axis Ltd. Industries Reliance Ltd. NTPC Ltd. Infosys Of Bank India State Ltd. ICICI Bank HDFC Ltd. Bank Top 10 Holdings Toubro & Ltd. Larsen ITC Ltd. Ltd. Industries Reliance Ltd. Industries Sun Pharmaceutical Ltd. NTPC Ltd. Bank Axis HDFC Ltd. Bank Ltd. Airtel Bharti Ltd. Infosys Ltd. ICICI Bank Top 10 Holdings ICICI Prudential AMC ICICI Prudential Market Value(crs) Market Value(crs) Nippon AMC Jun-21 Jun-21 11680 2627 2986 3140 3278 3533 4057 4369 4813 6003 6999 4729 5056 5663 5995 6889 7306 8121 9147 9700 May-21 May-21 12126 2642 2944 2822 3332 3382 3940 4066 5226 6168 6691 4681 4526 5876 5847 6922 7142 7679 9098 9122 Jun-21 Jun-21 2537 1351 3485 1148 2494 5919 1740 1851 500 438 167 276 951 467 315 268 888 976 542 614 Shares(lakhs) Shares(lakhs) May-21 May-21 2591 1251 3565 1232 2089 6264 1701 1830 494 444 157 292 931 441 319 272 875 951 507 654 %Change %Change 19% -2% -1% -2% -5% -7% -1% -1% -6% -6% 1% 8% 7% 2% 6% 1% 3% 7% 2% 1% 6

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Direct ICICI MF, ACE Source: AMC wise: Top Buys and Top Holdings Dhanuka Agritech Ltd. Agritech Dhanuka Ltd. Services Payment And SBI Cards Ltd. Inox Leisure Co Ltd. HDFC Insurance Life Ltd. Corporation Gas Natural & Oil Ltd. Company Finance Transport Shriram Ltd. Cements Ambuja Ltd. Motor TVS Company Ltd. Tyres Apollo Ltd. Forgings Precision BLW Sona Top 10 Buys Ltd. Solutions Firstsource Ltd. Steel Tata Ltd. Industries Auto Jamna Ltd. Medicure Poly Ltd. Gland Pharma Ltd. Vedanta Ltd. Company Finance Transport Shriram Ltd. Pharmaceuticals & JB Chemicals Ltd. Enterprises Brigade Ltd. Bank RBL Top 10 Buys Research. Note: Stock holding above |50 crore is considered is crore |50 above holding Stock Note: Research. Aditya Birla Sunlife AMC Sunlife Birla Aditya Market Value(crs) Market Value(crs) Jun-21 Jun-21 UTI AMC UTI 1413 239 403 128 120 278 135 291 135 189 150 103 120 52 97 77 53 84 90 58 May-21 May-21 1162 109 134 149 123 75 65 43 22 28 34 32 15 19 45 89 42 61 8 - Jun-21 Jun-21 109 121 25 32 59 35 45 60 85 72 62 19 57 32 28 5 6 2 8 7 Shares(lakhs) Shares(lakhs) ICICI Ltd. Securities Retail| MF Research May-21 May-21 103 10 11 20 28 62 50 15 45 16 10 3 1 6 7 4 2 5 4 - %Change %Change 1470% 137% 190% 191% 289% 440% 502% 511% 175% 82% 16% 17% 25% 27% 27% 27% 46% 61% 96% - Ltd. Finance Bajaj Ltd. Industries Reliance Of Bank India State Ltd. Airtel Bharti Ltd. Bank Mahindra Kotak Ltd. Bank Axis Ltd. Corporation Finance Housing Development HDFC Ltd. Bank Ltd. Infosys Ltd. ICICI Bank Top 10 Holdings Ltd. Airtel Bharti Ltd. Bank Axis Ltd. Finance Bajaj Ltd. Bank Mahindra Kotak Ltd. Services Consultancy Tata Ltd. Corporation Finance Housing Development Ltd. ICICI Bank Ltd. Industries Reliance Ltd. Infosys HDFC Ltd. Bank Top 10 Holdings Aditya Birla Sunlife AMC Sunlife Birla Aditya Market Value(crs) Market Value(crs) Jun-21 Jun-21 UTI AMC UTI 1845 2052 2148 2167 2227 2352 2470 5006 5712 5950 2448 2581 2818 2952 3721 5041 5510 5587 7948 8005 May-21 May-21 1743 2035 2066 2176 2359 2510 2558 5048 5089 6265 2474 2566 2593 2938 3466 5187 5751 5476 6991 7829 Jun-21 Jun-21 512 412 131 314 100 334 361 943 466 345 173 111 204 873 265 503 534 31 97 47 Shares(lakhs) Shares(lakhs) May-21 May-21 487 407 130 334 100 333 365 945 462 342 163 110 203 868 253 502 516 31 94 46 %Change %Change -1% -6% -1% 3% 5% 1% 0% 0% 0% 0% 1% 1% 2% 6% 1% 0% 1% 4% 0% 3% 7

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Direct ICICI MF, ACE Source: AMC wise: Top Buys and Top Holdings Sun Pharmaceutical Industries Ltd. Industries Sun Pharmaceutical Ltd. Laboratories Divi's Ltd. India Nestle Ltd. Finserv Bajaj Ltd. ACC Ltd. Laboratories Ipca Ltd. Housing Finance LIC Ltd. Towers Indus Ltd. India Havells Ltd. Energy And Metalics Shyam Top 10 Buys Ltd. (India) Products CCL Ltd. Laboratories Alkem Ltd. Cements Ambuja Ltd. Norton Grindwell Ltd. Enterprises Brigade Of Corporation Ltd. India Container Ltd. Motor TVS Company Ltd. Forgings Precision BLW Sona Ltd. CIE Mahindra Automotive Ltd ofSciences Medical Institute Krishna Top 10 Buys Research. Note: Stock holding above |50 crore is considered is crore |50 above holding Stock Note: Research. Kotak Mahindra AMCMahindra Kotak Market Value(crs) Market Value(crs) Jun-21 Jun-21 Axis AMC Axis 358 198 111 153 185 243 121 207 291 281 140 571 100 138 51 76 91 95 64 51 May-21 May-21 207 194 159 221 182 98 26 51 35 62 35 27 49 92 95 - - - - - Jun-21 Jun-21 167 100 53 19 40 19 17 67 61 23 20 42 15 8 4 0 1 4 8 4 Shares(lakhs) Shares(lakhs) ICICI Ltd. Securities Retail| MF Research May-21 May-21 31 11 55 49 18 70 14 2 0 0 2 3 8 5 3 - - - - - %Change %Change 100% 113% 114% 153% 156% 261% 299% 71% 91% 23% 23% 25% 30% 43% 45% - - - - - SRF SRF Ltd. Toubro & Ltd. Larsen Ltd. Cement Ultratech Ltd. Bank Axis Ltd. Services Consultancy Tata Of Bank India State Ltd. Industries Reliance Ltd. Infosys HDFC Ltd. Bank Ltd. ICICI Bank Top 10 Holdings Ltd. ICICI Bank Ltd. Laboratories Divi's Info Ltd. Edge (India) Ltd. Corporation Finance Housing Development Ltd. Infosys Ltd. Bank Mahindra Kotak HDFC Ltd. Bank Ltd. Supermarts Avenue Ltd. Services Consultancy Tata Ltd. Finance Bajaj Top 10 Holdings Kotak Mahindra AMCMahindra Kotak Market Value(crs) Market Value(crs) Jun-21 Jun-21 Axis AMC Axis 1944 2120 2596 2973 3359 3584 3991 4238 5480 6931 3744 3962 3997 4556 4570 5095 6655 6811 7326 9087 May-21 May-21 1743 2044 2557 3133 2999 3508 3821 4087 5535 6749 3718 3740 3291 4780 4658 6555 6939 6135 6779 8646 Jun-21 Jun-21 1099 141 397 100 855 189 268 366 593 184 289 299 444 204 219 151 27 38 90 81 Shares(lakhs) Shares(lakhs) May-21 May-21 1018 139 417 827 177 293 365 561 187 334 363 458 200 215 154 27 38 95 89 76 %Change %Change -14% -18% -5% -9% -2% -3% -2% 0% 1% 0% 6% 3% 7% 0% 8% 6% 1% 7% 2% 2% 8

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Direct ICICI MF, ACE Source: AMC wise: Top Buys and Top Holdings Enterprise Ltd. Enterprise Hospitals Apollo Ltd. Homes Can Fin Ltd. Bank Mahindra Kotak Ltd. Health Gamble & Procter Bank National Punjab ITC Ltd. Hero MotoCorp Ltd. Ltd. Steel JSW Ltd. Technologies Zensar Ltd. Khaitan Radico Top 10 Buys Ltd. Thermax Ltd. Healthcare Fortis Ltd. Bank Mahindra Kotak Ltd. Industries Greenply Ltd. Company Aluminium National Ltd. Company Finance Transport Shriram Ltd. Enterprises Entertainment Zee Ltd. Services Payment And SBI Cards Ltd. Forgings Precision BLW Sona Ltd ofSciences Medical Institute Krishna Top 10 Buys Research. Note: Stock holding above |50 crore is considered is crore |50 above holding Stock Note: Research. Market Value(crs) Market Value(crs) Jun-21 Jun-21 Mirae AMC Mirae DSP AMCDSP 129 580 130 215 210 175 366 685 147 250 398 234 453 352 224 94 80 60 73 58 May-21 May-21 113 497 138 261 543 110 141 71 66 42 95 47 43 83 3 - - - - - Jun-21 Jun-21 142 150 319 109 103 25 34 64 11 68 23 40 73 30 47 24 3 1 7 4 Shares(lakhs) Shares(lakhs) ICICI Ltd. Securities Retail| MF Research May-21 May-21 100 115 149 21 28 44 30 41 10 2 1 5 7 3 1 - - - - - %Change %Change 7320% 114% 200% 17% 19% 23% 30% 43% 47% 61% 63% 30% 31% 34% 79% - - - - - Ltd. Steel Tata Ltd. Finance Manappuram Ltd. Bank Axis Ltd. Airtel Bharti Ltd. Cement Ultratech Ltd. Atul Ltd. Laboratories Ipca HDFC Ltd. Bank Ltd. Infosys Ltd. ICICI Bank Top 10 Holdings Ltd. Services Max Financial Ltd. India Suzuki Maruti Ltd. Airtel Bharti Ltd. Services Consultancy Tata Of Bank India State Ltd. Industries Reliance Ltd. Bank Axis Ltd. ICICI Bank Ltd. Infosys HDFC Ltd. Bank Top 10 Holdings Market Value(crs) Market Value(crs) Mirae AMC Mirae Jun-21 Jun-21 DSP AMCDSP 1018 1056 1058 1095 1117 1179 2161 2821 3118 1284 1755 2072 2117 2221 2910 3233 5032 5156 5390 977 May-21 May-21 1065 1069 1270 1208 2112 2579 3213 1148 1722 2126 2086 2160 3461 3078 5123 4552 5356 932 859 994 Jun-21 Jun-21 603 141 201 144 178 494 121 394 530 138 432 798 326 360 84 16 12 58 23 63 Shares(lakhs) Shares(lakhs) May-21 May-21 527 132 199 139 185 485 123 398 509 160 410 773 327 353 83 16 15 58 24 66 %Change %Change -16% -14% 14% -4% -2% -4% -1% -4% 1% 7% 1% 1% 0% 4% 2% 4% 5% 3% 0% 2% 9

ICICI Securities – Retail Equity Research Pankaj Pandey [email protected] (East) Andheri Road no.7, MIDC 1 Limited,Securities ICICI Desk,Research Direct ICICI Head st Floor, AkrutiTrade Centre, – ICICI Ltd. Securities Retail| MF Research Research – 400 400 093 [email protected] 10

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ICICI Securities – Retail Equity Research