Aditya BSL Focused Eq Gr Category Suggested Horizon Equity - Focused 3 Years and above

Investment Objective Trailing Returns Investment Growth The investment objective of the Scheme is to achieve Period Inv Bmk1 Time Period: 5/1/2015 to 4/30/2020 long term capital appreciation by investing in upto 30 3 months -17.71 -17.57 152.5 companies with long term sustainable competitive advantage and growth potential. 6 months -14.78 -16.99 145.0 1 Year -12.95 -16.07 137.5 2 Years -4.96 -4.18 3 Years -0.07 1.95 130.0 5 Years 4.44 3.80 122.5 Manager Biography Drawdown 115.0 Mahesh Patil since 7/29/2010 Time Period: 5/1/2017 to 4/30/2020 107.5 Operations Inv Bmk1 100.0

Inception Date 10/24/2005 Max Drawdown -27.71 -29.11 92.5 Max Drawdown # of Periods 2.00 3.00 85.0 Minimum Initial 1,000 2016 2018 2020 Max Drawdown Peak Date 2/1/2020 1/1/2020 Annual Report Net Expense Ratio 2.19 Max Drawdown Valley Date 3/31/2020 3/31/2020 Aditya BSL Focused Eq Gr IISL Nifty 50 PR INR

Turnover Ratio % 116.38 Leading Detractors Leading Contributors Time Period: 5/1/2019 to 4/30/2020 Time Period: 5/1/2019 to 4/30/2020 NAV (Mo-End) 52.13 Rescaled Rescaled Return Contribution Return Contribution Weight Weight Risk Reward Larsen & Toubro Ltd 5.08 -31.57 -1.94 Ltd 3.21 53.11 1.56

Std Dev 19.91 ITC Ltd 4.19 -38.37 -1.93 Cipla Ltd 1.82 27.54 1.07

Alpha -0.92 Ltd 3.19 -41.89 -1.71 Ltd 2.17 40.12 1.01 Sharpe Ratio -0.06 Mahindra & Mahindra Financial Services Ltd 1.98 -57.80 -1.56 SBI Life Insurance Co Ltd 0.75 45.32 0.63 Treynor Ratio -3.62 State Bank of 4.15 -38.48 -1.50 Corp Ltd 0.68 27.06 0.59 R-Squared 97.82 Returns Asset Allocation Calculation Benchmark: IISL Nifty 50 PR INR Portfolio Date: 4/30/2020 37.5 30.9 30.0 28.6 % 22.5 15.0 11.3 12.0 Stock 88.3 6.7 7.5 3.2 3.0 Bond 0.0 0.0 0.0 Cash 11.7 -7.5 -4.1 -4.1 -15.0 Other 0.0 -22.5 -17.1 -19.0 -30.0 Total 100.0 YTD 2019 2018 2017 2016 2015 Return

Market Capitalization Aditya BSL Focused Eq Gr IISL Nifty 50 PR INR Portfolio Date: 4/30/2020 % Sector Allocation Portfolio Holdings Giant 54.8 Portfolio Date: 4/30/2020 Portfolio Date: 4/30/2020 Large 37.0 Basic Materials % 4.10 % Mid 8.2 Consumer Cyclical % 5.75 HDFC Bank Ltd 10.2 ICICI Bank Ltd 8.9 Small 0.0 Financial Services % 39.58 Ltd 7.4 Micro 0.0 Real Estate % 0.00 Bharti Airtel Ltd 6.4 Total 100.0 Consumer Defensive % 4.77 Ltd 5.7 Healthcare % 6.93 NTPC Ltd 5.3 Past performance is not a guarantee of future returns. The value of Utilities % 5.26 Housing Development Finance Corp Ltd 5.2 investments may fall as well as rise and investors may not get back Communication Services % 9.57 Cipla Ltd 5.1 the full amount invested. Any decision to invest should be based on a Axis Bank Ltd 4.0 Energy % 8.43 full reading of the offer document. In case of any discrepancy Ltd 3.9 between this sheet and the offer document in force, the offer Industrials % 2.87 Other 38.0 document shall prevail. Technology % 12.73 Total 100.0

Portfolio Date: 4/30/2020