Content

Equity – The Preferred Portfolio Strategy Asset Class

About NDPMS Track Record

Portfolio Composition Our Offering expected to be a $4.5 Trillion Economy by 2025

1. Indian economy grew 2x in 6 year period from 2000 to 2006

2. The next 2x growth came in following 7 year period from 2006 to 2013

3. The economy is expected to propel 2.4x in the next 12 years period from 2014 to 2025 About NDPMS – Non Discretionary Portfolio Management Service

Portfolio Management with an institutionalized process of stock picking and investment solutions with customer consent

Non Discretionary One of its kind proposition of creating equity Portfolio portfolio, with an objective of long term wealth Management creation and short term income generation Services

Complete transparency in stock pick, backed with strong Research Vision 2020: Portfolio Composition

20 focused stocks with Long Term strategy

Max. 20% Portfolio with Short Term strategy up to 12 months

20 Sectors of BSE 200, extensively screened

Stock selected with a visibility of 3 years

NT: Number of stocks and strategy will depend on Long Term strategy of the Portfolio ‘Vision 2020’ Portfolio Management Strategy

• Stocks which create the foundation of a Portfolio • Primarily high Market Capitalization with strong fundamentals • Few examples of Core stocks: HDFC Bank, , HUL, Larsen and Toubro etc. CORE

• Stocks which have ‘high growth’ opportunity in the Long term • These could be stocks which can become next Large Cap or Midcap • Few examples of Growth stocks: IndusInd Bank, ICICI Bank, Britannia Industries, Shree GROWTH Cement etc

• These are stocks which will generate absolute return ALPHA • Few examples of Alpha stocks: Bata India, State , APL Apollo etc. Vision 2020: Guiding Parameters for Stock Selection

Market Cap > Rs.8000 crore ; Free Float Market Cap > Rs.2000 crore

EPS CAGR for next 2 year > 15% and increasing

Current ROE > 15% (and preferably should move upwards in next 2 years)

Focus on Cash flows – Positive Operating Cash Flow and Free Cash Flow

Debt to Equity ratio < 1.0 Stock Selection MANTRA

M Strong Market Share Traction

A Strong Competitive Advantage

C Should have free Cash-flow

R Healthy Return Ratios

O Huge Opportunity Size S Sustainable Business Model Portfolio Performance

Fund Name 1M 3M 6M 1Y 2Y 3Y 5Y Since Inception

Vision 2020 0.09% -15.58% -20.03% -16.99% -8.11% -1.70% 2.80% 13.70%

Outperformance Vs BSE 200 -0.37% -1.21% -0.09% 1.55% -1.57% -0.88% 0.07% 0.48%

Benchmark

BSE 200 0.45% -14.37% -19.94% -18.54% -6.54% -0.82% 2.72% 13.22%

Data as on 31st May, 2020 ‘Vision 2020’ : Key benefits

Quarterly portfolio Strong Track Record: Portfolio review with fund Portfolio return since diversification to management team, inception of 13.7% Round the clock provide a right for investments of CAGR Vs BSE 200 13.2% portfolio access balance between risk st INR 1 Crore and as on 31 May, 2020 and returns above

Customer consent for Portfolio Long term wealth each trade execution customization based creation and short on customer term income strategy preference*

* Subject to research coverage Robust Process for Portfolio Execution

Portfolio Management team generates investment ideas

Investment ideas are shared with the customer through email with rationale of investment

Post customer confirmation, trades are executed in customer’s account

Portfolio of each customer is monitored by the Portfolio Management team

Deployment of Fund is done in a phased manner and realignment of Portfolio as per changing market conditions Wealth Creation: Case in Point

230 210 190 170 150 130 110 90 70 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 KOTAK MAHINDRA HDFC Bank BANKEX Index

. With an eye on the macro-economic indicators and growth drivers, our conviction on private sector banks with good retail exposures have helped to generate superior returns over broader Banking index.

. We expect private banks and select public sector banks to be the biggest beneficiaries of the on-going economic revival.

Source: bseindia.com, Values rebased to 100, data as on 31st Dec, 2019 Wealth Creation: Case in Point

350 310 270 230 190 150 110 70 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 RELIANCE INDUSTRIES BSE 200 INDEX

. Reliance Industries Limited (RIL), the flagship company of Reliance Group, is a significant global player in the integrated energy value chain and has dominant share in retail and digital services in India.

. The company is expected to unlock opportunities from the listing of Retail and Jio business.

Source: bseindia.com, Values rebased to 100, data as on 31st Dec, 2019 Wealth Creation: Case in Point

195 175 155 135 115 95 75 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 HOUSING DEV FIN BSE200 Index

. We believe the major drivers for the housing finance industry such as a large population with a favourable demographic profile, increasing urbanisation, nuclearisation of families and demand-supply mismatch remain intact.

. HDFC Ltd is the largest mortgage financer in India with a huge loan book size and the entire gamut of financial services businesses like Banking, life insurance, asset management, general insurance and rural financing. HDFC continues to deliver loan growth much ahead of industry growth rates with the best in class asset quality.

Source: bseindia.com, Values rebased to 100, data as on 31st Dec, 2019 Wealth Creation: Case in Point

195

175

155

135

115

95

75 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 ASIAN PAINTS LTD S&P BSE Cons. Disc.

. With rising disposable incomes, growing preferences of the consumer and urbanization, the demand for Home improvement products is on the rise. We believe paint companies will be key beneficiaries of reforms like GST, rural housing, sanitation etc.

. Asian Paints Ltd is the industry leader in the decorative paint segment with 53% market share. With the best laddered portfolio in the India paint industry and the strongest supply chain, we believe APNT to maintain its competitive advantage and strong growth visibility going forward as well.

Source: bseindia.com, Values rebased to 100, data as on 31st Dec, 2019 Pricing- Minimum corpus of INR 50 lakh

Brokerage Charged per transaction (excluding GST and other Statutory taxes) 0.5%

Setup fee Applicable on initial /subsequent fund or stock transfer Nil

Mgmt fee Charged Quarterly on the Equity Portfolio 0.5% per quarter

1st Year- 3.00% Applicable on corpus out value/withdrawals 2nd Year- 2.00% Exit 3rd Year- 1.00% Load

Note: Refer agreement for ‘terms and conditions’ Key Person

Vinod Bangera, Fund Manager of NDPMS

Vinod is a Chartered Accountant and a Cost Accountant with almost 20 years of experience in the equity market.

He started his career as a research analyst with M/s. K.R. Choksey & Co., a leading domestic research based equity broking organization.

Thereafter, for 9 years, he was with IL&FS Investsmart Securities Ltd. managing discretionary equity portfolios of Individual and Corporate clients under the Portfolio Management Scheme.

Vinod joined in the year 2008 as the Fund Manager of NDPMS and continues to head as the Fund Manager of NDPMS at Axis Securities Limited. Steps to Enroll

Key documents Agreements Accounts to be opened To be executed to be signed

. Bank Account (PMS) . Risk Disclosure Document

. Demat A/C . Corpus in letter . NDPMS Agreement

. PIS Account (If NRI)

. 3 in 1 account Portfolio Composition:

Scrip name Weight Reliance Industries 6.4 Kotak Mah. Bank 6.2 HDFC Bank 6.2 30-Jun-19 29-May-20 Larsen & Toubro 5.9 Sector BSE 200 Actual Asian Paints 5.9 Bank/Finance 36.4 31.3 H D F C 5.5 Consumer 12.0 21.8 Infosys 5.4 Industrial 4.2 5.9 ICICI Bank 5.3 Automobile 6.1 11.2 Britannia Industries 4.6 Oil & Gas 10.4 6.4 Biocon Ltd 3.9 Others 3.7 0.0 Shree Cement 3.8 Info. Tech. 11.6 5.4 HDFC Stan. Life Ins. Comp. 3.8 Cement 2.3 3.8 Bajaj Auto 3.6 Healthcare 4.5 6.8 Bharti Airtel 3.3 Metals, Metal Products & Mining 3.0 2.2 Sun Pharmaceuticals 2.9 Construction 0.2 0.0 Titan Company 2.6 Power 2.2 0.0 2.5 Realty 0.4 0.0 Eicher Motors 2.3 Category Weight Retailing 1.4 0.0 Indusind Bank 1.7 Large Cap 82.0 Telecom 1.6 3.3 VBL 4.2 Mid Cap 14.0 Cash 0.0 1.8 Minda Industries 3.5 Small Cap 2.2 Total 100.0 100.0 Crompton Greaves CE 2.6 Bata India 1.9 Ashok Leyland 1.9 APL Apollo Tubes 2.2

Disclaimer

The material / information enclosed / provided herein are merely being provided by Axis Securities Limited (ASL) as information to the Client without any obligation. The material / information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent. The material and information herein is solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information and material contained in this document. The investment discussed or views expressed may not be suitable for all investors. Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial risk and are not suitable for all investors. The material / information contained herein are not to be construed as tax, investment, professional or legal advice. In the event that a Client seeks to invest the funds on the basis of the material / information provided herein, the Client must do so at its sole risk and must consult with its / his / her own legal, business, professional and tax advisors to determine the appropriateness and consequences of such an investment and arrive at an independent evaluation of the same. ASL shall not, in any manner, be liable for the consequences arising out of such investment made by a Client. Neither ASL, not its directors, employees, agents or representatives shall be liable for any damages whether direct or indirect, incidental, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. ASL is not any way representing as to the truth, and / or completeness, and / or accuracy of any information contained herein / attached herewith and the same is subject to change without notice or Intimation.

Axis Securities Limited is a SEBI registered Portfolio Manager vide SEBI Reg.No. INP000000654.