Value & Momentum Fund SFIN No.ULIF02907/10/11BSLIVALUEM109

About The Fund Date of Inception: 09-Mar-12 OBJECTIVE: To provide long-term wealth maximization by managing a well-diversified equity portfolio predominantly comprising of deep value stocks with strong price and earnings momentum. STRATEGY: To build and manage a well-diversified equity portfolio of value and momentum driven stocks by following a prudent mix of qualitative and quantitative investment factors. This strategy has outperformed the broader market indices over long-term. The fund would seek to identify companies, which have attractive business fundamentals, competent management and prospects of robust future growth and are yet available at a discount to their intrinsic value and display good momentum. The fund will also maintain reasonable levels of liquidity. NAV as on 31st July 2020: `18.9842 BENCHMARK: BSE 100 & Crisil Liquid Fund Index Asset held as on 31st July 2020: ` 391.78 Cr FUND MANAGER: Mr. Sandeep Jain Value & Momentum BM Asset Allocation AUM (in Cr.)

MMI, Deposits, CBLO & Others Equity 8.92% 356.84 ( 91%)

Equity 91.08% Debt Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jan-17 Jan-18 Jan-19 Jan-20 Oct-16 Apr-17 Oct-17 Apr-18 Oct-18 Apr-19 Oct-19 Apr-20 34.94 (9%)

SECURITIES Holding Sectoral Allocation EQUITY 91.08% Limited 7.84% SOFTWARE / IT 15.99% Power Grid Corporation Of Limited 6.22% Tata Consultancy Services Limited 4.80% POWER 13.19% Muthoot Finance Limited 4.78% Corporation Limited Fv10 3.34% CAPITAL GOODS 11.32% Great Eastern Shipping Company Ltd 3.19% OIL AND GAS 11.16% ITC Limited 3.10% Hero Motocorp Limited 2.97% FINANCIAL SERVICES 8.97% Limited 2.56% Essel Propack Limited 2.32% LOGISTICS 7.21% Other Equity 49.96% FMCG 6.84% MMI, Deposits, CBLO & Others 8.92% AUTOMOBILE 6.21% FERTILISERS 5.07% Rating Profile METAL 2.37% OTHER 11.66%

Sovereign 100.00% Fund Update: Exposure to equities has increasedMaturit yto P91.08%rofile from 89.99% and MMI has decreased to 8.92% from 10.01% on a MOM basis. Value & Momentum fund is predominantly invested in quality midcap stocks complying with value criteria.

Refer annexure for complete portfolio details. 21 Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com