ANN AL FUND REVIEW Financial Year 2020 - 2021

exidelife.in Follow us on: Contents

l Exide Life Insurance Fact Sheet 3-4

l Exide Life Insurance Investment Philosophy 5

l Risk Control 6

l Market Review & Outlook for Markets 7-10

l Risk-Return Profile of Funds 11

l Fund Fact Sheet - Exide Life Debt Fund 12-13

l Fund Fact Sheet - Exide Life Secure Fund 14-17

l Fund Fact Sheet - Exide Life Preserver Fund 18-19

l Fund Fact Sheet - Exide Life Balanced Fund 20-22

l Fund Fact Sheet - Exide Life Active Asset Allocation Fund 23-25

l Fund Fact Sheet - Exide Life Growth Fund 26-29

l Fund Fact Sheet - Exide Life Guaranteed Growth Fund 30-31

l Fund Fact Sheet - Exide Life Prime Equity Fund 32-34

l Fund Fact Sheet - Exide Life Mid Cap Fund 35-37

l Fund Fact Sheet - Exide Life Equity Fund 38-40

l Fund Fact Sheet - Exide Life Guaranteed NAV Fund 41-43

l Fund Fact Sheet - Exide Life Debt Pension Fund 44-45

l Fund Fact Sheet - Exide Life Preserver Pension Fund 46-47

l Fund Fact Sheet - Exide Life Pension Equity Fund 48-50

l Fund Fact Sheet - Exide Life Prime Equity Pension Fund 51-53

l Fund Fact Sheet - Exide Life Pension Liquid Fund 54-55

l Fund Fact Sheet - Exide Life Capped Nifty Index Fund 56-58

l Fund Fact Sheet - Exide Life Large Cap Pension Fund 59-61

l Glossary 62

Annual Fund Review 02 20 Years Strong Strong Network

l A long-standing and profitable Life Insurance l 40,000+ insurance advisors across 200 cities Company headquartered in Bengaluru, Karnataka l Distribution of products through multiple channels l Established in September 2001 such as Agency, Corporate Agents, Brokers, l A wholly-owned subsidiary of Exide Industries Bancassurance, E-commerce, Direct Channel and Limited specialized Group Life Insurance Solutions l Part of a 100-year-old brand heritage in India channels l Well capitalized. The Company is governed as per rules stipulated by the Insurance Regulatory and Development Authority of India (IRDAI)

Key Statistics Effectively Securing Financial Lives of Customers l 9th successive year of Profits l Gross Written Premium/Total Premium Income of `3,325 crores l Assets Under Management (AUM) of `18,381 crores l Solvency Ratio at 222% versus regulatory requirement of 150% Growth in AUM over the last 9 years 98.54% Claims Settlement Ratio*

*Claims Settlement Ratio is calculated as a percentage of total number of claims settled versus total number of claims reported during the year 2020-21.

AUM (IN INR CRORES)

Prepare Well with Exide Life Insurance Choose from our wide range of life insurance solutions.

Annual Fund Review 03 Lamba Saath, Bharose Ki Baat

Certified with the prestigious ISO 9001:2015 for its Customer Service Operations including claims and ISO/IEC 27001:2013 for Information Security Management System Standard

Awards and Recognitions

2021 : Great Place to Work Certified™ 2020 : ET Best Brand – BFSI Category 2019 : Product of the Year 2019 2019 : Masters of Modern Marketing: Best ATL Campaign for a Socio-economic program 2019 : Helmet Saves Children wins Brandvid Awards (Gold): Best Brand Integration in a Music Video and Best Brand Film: Social Initiative (Silver) 2019 – FICCI Award for ‘Best CSR Initiative – Life Category’ 2019 : MADDYs: Silver for ‘Best Use of Digital’ 2019 : StreamCon Asia Awards (Vidooly): Bronze for ‘Best Unboxing/Product Review Video’

Our Premium Collection Network

ONLINE PAYMENT AUTO DEBIT FROM BANK ACCOUNT Pay using Net Banking / Debit / Credit Card / l Sign up using National Automated Clearing e-Wallets / UPI House (NACH) for any bank in India Visit exidelife.in l Online Direct Debit through 140 banks Bill Pay: Add Exide Life Insurance as a biller l Standing instructions via Net Banking, credit using Internet banking with 38 banks in India card and debit cardExide Life Insurance as E collect: Pay your premiums through NEFT/ beneficiary. RTGS directly from your bank account by adding Exide Life Insurance as beneficiary. CHEQUE / CASH l CASH ONLY CENTRES All Exide Life Insurance Branches / AXIS Bank Branches / State Bank of India South Indian Bank / CSC e-Governance Branches Services India Ltd

Self-service options Call Visit visit exidelife.in 1800 419 8228 (Toll Free) exidelife.in +91 80 4134 5444 l Download Premium Receipt/ Certificate l Download Policy Bond Virtual l Update Details - PAN, Contact number, Assistant Bank Account number at exidelife.in l Check Unclaimed Amount

About Exide Industries Limited l Exide remains the foremost trusted battery brand in India for more than 100 years l It is backed by a robust nation-wide network of 55,000 plus outlets, and 750 plus sales and service touch points

The logos of YouTube, Facebook, Twitter, LinkedIn and Instagram are registered trademarks of respective companies. 1The claims settlement ratio is calculated as a percentage: total number of claims settled v/s total number of claims reported during the year 2019-20. 2All premium payment must be accompanied with a copy of policy owner PAN card/Form 60. For more details on risk factors, terms and conditions, please read the sales brochure of the mentioned product carefully before concluding the sale. Exide Life Insurance Company Limited is a wholly owned subsidiary of Exide Industries Limited. The trademark “Exide” is owned by Exide Industries Limited and licensed to Exide Life Insurance vide Trademark license agreement dated 30th October 2014. Exide Life Insurance Company Limited. IRDAI Registration number: 114, CIN: U66010KA2000PLC028273, Registered Office: 3rd Floor, JP Techno Park, No.3/1, Millers Road, Bengaluru - 560 001; Toll Free: 1800 419 8228; Visit: exidelife.in; ARN: EXL/2021-22/COLL/035 Beware of Spurious/ Fraud Phone Calls: IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Annual Fund Review 04 Exide Life Insurance Investment Philosophy

Our policyholders are investing their hard earned money with specific objectives of protection and longer-term investment returns. Two of the basic expectations of our customers are thus, Safety and Returns, and we need to balance both these expectations in terms of the asset-allocation, underlying investments, and subsequent monitoring. These customer expectations are an important consideration in our investment management philosophy and strategy. The underlying investment philosophy is to ensure safety and deliver consistent, stable returns over the longer-term, for a given level of risk. This is achieved with a well-defined and disciplined investment process. There is an emphasis on compliance and robust risk-management in the investment process, both pre-investment and post- investment. As a company and as an investment team, we focus on the long-term.

Investment Team Profile

Shyamsunder Bhat, Chief Investment Officer (CIO) has an experience of over 26 years in fund management. He joined Exide Life Insurance in September 2010.

Prior to joining Exide Life Insurance, Shyam has worked with two mutual fund companies - initially as a part of the start-up team in 1994 at Tata Asset Management Ltd. for 10 years (1994-2004), followed by Principal PNB Asset Management, where he then worked for more than 6 years (2004-2010).

Shyam is an Electrical Engineer from VJTI (Mumbai) and a post-graduate in Management (M.M.S. Finance) from Narsee Monjee Institute of Management Studies (Mumbai).

SHYAMSUNDER BHAT Chief Investment Officer(CIO)

Shobit Gupta, Senior Vice President (Investments), Fixed Income, has almost 22 years of experience in Fixed Income and Foreign Exchange markets. He has worked extensively in the field of Foreign exchange and Interest Rate derivatives at ABN AMRO Bank and has handled Fixed Income portfolios at Asset Management companies like Kotak Mahindra Mutual Fund and Principal Asset Management Co. He is a graduate in Economics, Maths, Statistics, PGDBA from ICFAI Delhi and CFA from ICFAI Hyderabad and CFA Institute - USA.

SHOBIT GUPTA Senior Vice President (Investments) - Fixed Income

Pranav Parekh Sumeet Hinduja Fund Manager - Fixed Income portfolio Fund Manager - Equity portfolio

Annual Fund Review 05 Risk Control

Risk management is an integral part of our investment process. The company has well-defined risk policies and processes covering both portfolio and process risk. Further, the company has systems and software in place to monitor compliance of Regulations and Investments norms on a daily basis.

The operating policy for each asset class defines, the framework within which the investments are made in specific funds. Most of our equity investments are in securities which are constituents of the S&P BSE-500 or the NSE Nifty-500 universe, and predominantly above a market capitalization of `10,000 crore. The portfolio is well-diversified across companies and industries as a risk-mitigation measure. The debt portfolio of the company is mostly invested in assets of the highest credit quality i.e. Government of India securities, and AAA rated securities, with only a small exposure to AA rated securities. The key risk management policy adopted is maintaining high standards of credit quality of the portfolio and maintaining an optimum duration depending on the market outlook.

The exposure to stocks and duration of bonds changes, over time based on an indepth analysis of the factors affecting these markets. A reasonable level of liquidity is also maintained within the respective funds so as to enable smooth redemption process on account of switches or claims.

Annual Fund Review 06 Macro-Economic background and Outlook a. Indian and global economy : review and outlook

India’s Gross Domestic Product (GDP) grew at +1.6% YoY in the last quarter of FY 2020-21, aided by a low base and high Government spending, though the year FY 2020-21 ended with a GDP contraction of 7.3% on account of the Covid-19 related lockdowns. The fiscal deficit for FY 2020-21 was 9.2% of GDP, due to higher expenditure towards stimulus, and lower tax revenues. Headline Consumer inflation averaged 6.2% during FY 2020-21. Exports exhibited a stellar growth in March, but the trade deficit widened to $13.9 bn as imports too, rose for most categories, indicating significant domestic activity levels.

Globally, economies are on the recovery path, post the weakening of the Covid pandemic, and with the increasing pace of vaccinations. Global growth is projected by IMF at 6% in calendar 2021, moderating to 4.4% in 2022. India GDP growth is projected at 9.5 per cent in 2021-22 and consumer inflation is projected at 5.1 per cent during 2021-22 by RBI. India’s foreign exchange reserves have been above 575 m$ during the past 5 months of FY 2020-21, a level which is significantly higher than FY2019-20, and this should provide respite if we see outflows from foreign investors.

Macro Economic Indicators: The Macro Economic Indicators for the last 12 months are as shown:

Economic Indicators Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21

Trade Balance (US$ billion) (6.8) (3.7) 0.7 (4.7) (6.7) (2.7) (9.0) (10.2) (15.6) (14.4) (13.0) (13.9)

Exports (US$ billion) 10.4 19.2 22.0 23.7 22.8 27.6 24.9 23.6 27.2 27.6 27.5 34.4

Growth in Exports (YoY) (60.2) (35.7) (12.2) (9.5) (12.2) 6.0 (5.0) (8.5) 0.4 6.6 (0.8) 60.3

Imports (US$ billion) 17.1 22.9 21.3 28.5 29.5 30.3 34.0 33.7 42.8 42.0 40.5 48.4

Growth in Imports (YoY) (59.6) (51.0) (48.0) (29.6) (26.0) (19.6) (10.6) (12.4) 8.2 1.9 7.0 53.7

Foreign Exch Reserves (US$ billion) 479.5 493.5 506.8 534.6 541.4 542.0 560.7 574.8 580.8 590.2 584.6 579.3

Rs/US$1 (period average) 76.3 75.6 75.8 75.0 74.6 73.5 73.5 74.3 73.6 73.1 72.8 72.8

M1 (YoY) 12.8 15.3 17.7 19.3 19.2 18.6 16.8 19.0 19.6 20.1 19.0 16.1

M3 (YOY) 10.8 11.7 12.3 13.2 12.6 12.2 11.6 12.5 12.4 12.1 12.8 11.7

Bank Loans (Non-food credit, YOY) 6.7 6.1 6.1 5.6 5.5 5.1 5.1 5.9 6.0 5.9 6.6 5.5

Deposit Growth Rate (YoY) 9.9 10.6 11.0 11.1 10.9 10.5 10.1 10.9 11.3 11.1 12.1 11.4

364 day T-Bill Yield 3.7 3.4 3.5 3.5 3.6 3.7 3.5 3.4 3.5 3.7 3.7 3.8

91 day T-Bill Yield 3.6 3.2 3.2 3.3 3.2 3.4 3.2 2.9 3.1 3.3 3.2 3.3

10 yr Government Bond Yield 6.3 5.9 5.8 5.8 6.0 6.0 5.9 5.9 5.9 5.9 6.1 6.2

Industrial Production (57.3) (33.4) (16.5) (10.6) (7.1) 1.0 4.5 (1.6) 2.2 (0.5) (3.4) 24.1

Manufacturing (% YOY) (66.6) (37.8) (17.0) (11.4) (7.6) 0.4 4.5 (1.6) 2.7 (0.9) (3.7) 28.3

Consumer Goods (95.7) (70.3) (34.8) (23.7) (10.2) 5.3 18.1 (3.2) 6.5 (0.1) 6.6 55.0

Basic Goods (26.6) (19.6) (14.5) (10.8) (10.7) (1.5) (3.1) (1.8) 0.4 0.7 (4.7) 7.8

Capital Goods (92.7) (65.9) (37.4) (22.8) (14.4) (1.2) 3.2 (7.5) 2.2 (9.0) (3.8) 48.3

Intermediate Goods (63.9) (39.7) (20.7) (10.7) (4.8) (0.4) 3.2 (1.8) 2.3 2.0 (5.6) 23.2

Consumer Price Index (YoY) 7.2 6.3 6.2 6.7 6.7 7.3 7.6 6.9 4.6 4.1 5.0 5.5

Wholesale Price Index (YoY - All commodities) (1.6) (3.4) (1.8) (0.2) 0.4 1.3 1.3 2.3 2.0 2.5 4.8 7.4

Annual Fund Review 07 Macro-Economic background and Outlook b) Equity markets review and outlook FY 2020-21 was an eventful year for equity markets, with gains of over 70% in large cap indices, after having commenced with an uncertain outlook in the midst of a nationwide lockdown. The year also saw a significant move in the broader market with the Nifty Midcap 100 index outperforming the Nifty-50, and registering over 100% returns for the year. The economic recovery post unlocking was impressive, though some of the sectors continue to remain adversely impacted. Corporate earnings were significantly better than expectations mainly on account of stricter cost control initiated by the corporates leading to massive earnings upgrades. Earnings upgrades outpaced downgrades during the year. The Union Budget was a major positive; the Government's focus on fiscal expansion and a higher spending on capex augurs well for a potential revival of the long-delayed private investment cycle. Directionally, it can be inferred from the Budget speech that the Government could be willing to spend on growth for 3 more years, since the glide path for the fiscal deficit has been mentioned as reaching 4.5% only by FY 2025-26, from the budgeted 6.8% of FY 2021-22. While the initial part of the rally in the market (in H1 FY 2020-21) was a liquidity-driven one, the latter part of rally was led by improving fundamentals (in Q3 FY 2020-21) and finally, by the Budgetary announcements (in Q4 FY 2020-21). Thus, we witnessed a unidirectionally strong move through the entire year FY 2020-21, in the equity market. Domestic mutual funds witnessed redemptions during a major part of the year, leading to these funds being net sellers to the tune of $ 11.5 bn during FY2020-21. Foreign Institutional Investors (FIIs) remained massive buyers for a large part of the year of almost $ 37 bn, a U-turn after having been large sellers in the last quarter of the earlier financial year (Q4 FY 2019-20). A global risk-on sentiment fueled with excess liquidity, and an improved corporate performance in India aided these large inflows.

Outlook: Real GDP growth of 1.6% in Q4 FY 2020-21 was stronger than expected and above the 0.5% reported for Q3 FY 2020-21, and was led by a continued recovery in investments. The FY 2020-21 real GDP growth stood at -7.3% (vs +4% in FY 2019-20); with a nominal GDP of - 3.0% for FY 2020-21. The GDP data for Q4 FY 2020-21 reflects the resilience of the manufacturing sector and strong Government expenditure. Looking ahead, the GDP growth in FY 2021-22 would depend on the impact of subsequent wave(s) of the Covid pandemic, impact on consumer sentiment, the corresponding partial lockdowns in major States, and the ability of vaccine manufacturers to ramp up production. Corporate earnings for Q4 FY 2020-21 have been reasonably good, with both revenues and margins exceeding analyst expectations. Corporate commentary for FY 2021-22 too has continued to be positive, despite the near-term headwinds in Q1 FY 2021-22. With Nifty 50 levels quoting at 18-19xFY 2022-23 expected earnings, we could be looking at some near-term consolidation in terms of the Nifty-50 index, though we could continue to witness sectoral rotation, since some of the sectors have not participated in the recent upmove. We continue to look at stock-specific or sector-specific opportunities on a longer-term horizon. The equity market performance for various periods ending March 31st, 2021 is shown in the table below.

March 31st, 1-Month 3-Month 1-Year Indices 2021 Change Change Change Nifty 50 14691 1.1% 5.1% 70.9% Nifty Midcap-100 23693 1,8% 13.7% 102.4% MSCI World(in $ terms) 2812 3.1% 4.5% 51.8% MSCI Emerging Mkt (in $) 1316 -1.7% 1.9% 55.0% 10 y Gov Yield * 6.17 -0.06 0.30 0.03 10 y AAA Yield* 6.83 -0.38 0.25 -0.29

Annual Fund Review 08 Macro-Economic background and Outlook

C. Debt Market Review and Outlook

The year FY 2020-21 commenced with Covid-19 impacting various countries within a short period, and the imposition of lockdowns to contain the spread. The nationwide lockdown in India led to a sharp contraction of 24.4% in India’s GDP in Q1 FY 2020-21. The Central Government and the Monetary Policy Committee announced measures (fiscal and monetary) to support the adversely impacted sections of the society and to support the economy. Liquidity and regulatory measures were announced by RBI, along with a reduction of the repo rate from 4.4% to 4.0% by the MPC, and an Rs 20 lakh crore stimulus package was announced by the Govt. Bond yields eased to around 5.8% by July. The GDP contraction was lesser, at -7.3% in Q2 with a partial unlocking of the economy. However retail inflation was above the upper limit of RBI’s medium-term target band of 4% +/- 2%, primarily due to supply-chain disruptions. The 10-year G-sec yield rose to around 6.1%, before RBI’s Open Market Operations resulted in the yield easing back to around 5.9%. GDP improved to 0.46% in Q3 FY 2020-21. Despite a multi-year high CPI, bond yields remained low due to RBI’s accommodative stance and Open Market Operations. Surplus liquidity in the banking system sharply lowered the short-term rates, and a 3-month treasury bill was issued at sub 3% levels. A higher-than-expected fiscal deficit estimate of 6.8% of GDP for FY 2021-22 announced in the Budget, coupled with global developments such as US treasury yields trending higher with the economy recovering and with expectations of tapering of asset purchases by the Federal Reserve, led to a slight increase in bond yields in India as well. The 10-year G-Sec therefore ended FY 2020-21 at 6.17%.

The key debt market indicators are highlighted below :

Key Indicators Indicator Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar–16 Mar–17 Mar–18 Mar–19 Mar–20 Mar–21 Inflation 9.68% 7.69% 5.65% 5.70% 5.25% 4.83% 3.89% 4.28% 2.86% 5.84% 5.52% NSE MIBOR 9.24% 11.99% 8.98% 8.53% 8.35% 9.00% 7.37% 9.39% 8.80% 4.29% 3.50% 91 Day Bill 7.31% 9.02% 8.02% 8.83% 7.94% 7.12% 5.78% 6.09% 6.14% 4.36% 3.27% 364 Day T Bill 7.64% 8.40% 7.79% 8.78% 7.72% 7.06% 6.10% 6.47% 6.31% 4.94% 3.76% 5 year G Sec 7.95% 8.60% 7.96% 8.86% 7.75% 7.43% 6.76% 7.40% 6.93% 6.16% 5.97% 10 year G Sec 7.99% 8.54% 7.96% 8.80% 7.74% 7.46% 6.68% 7.40% 7.35% 6.12% 6.17% 3 month CP P1+ 6.00% 10.75% 9.22% 9.65% 8.76% 8.67% 6.61% 7.33% 7.77% 5.40% 3.50% 6 month CP P1+ 6.50% 6.50% 10.63% 9.27% 8.68% 8.75% 6.96% 7.78% 8.12% 6.00% 3.85% 1 year CP P1+ 7.25% 7.25% 10.88% 9.30% 8.71% 8.80% 7.24% 7.90% 8.20% 6.35% 4.15% 1 year AAA 6.70% 9.55% 9.86% 8.90% 8.40% 7.85% 6.80% 7.27% 7.87% 5.90% 4.00% 3 year AAA 7.90% 9.35% 9.67% 8.87% 8.34% 8.00% 7.23% 7.63% 8.02% 6.15% 5.36% 5 year AAA 8.50% 9.23% 9.55% 8.83% 8.31% 8.12% 7.40% 7.80% 8.16% 6.35% 6.15% 10year AAA 9.12% 9.49% 8.81% 9.60% 8.31% 8.31% 7.65% 8.00% 8.31% 7.12% 6.83%

Note: All figures are as of year ending March

Annual Fund Review 09 Macro-Economic background and Outlook

Outlook: Q1 FY 2021-22 witnessed the second wave of Covid impacting India, however there is a gradual improvement towards the end of June, and lockdowns in most States have been partially lifted. Economists are expecting a GDP growth of 9%+ for FY 2021-22, revised lower from 10%+ due to the impact in Q1. Sharply higher commodity prices (particularly metals and Brent crude oil) would lead to inflation being closely watched in FY 2021-22. CPI is expected to average 5-5.5% for the year. RBI has approved the transfer of more than Rs 99,000 cr to the Central Govt. as dividend, significantly higher than last year’s Rs 57,000 cr. During Q1, the MPC has kept the repo rate unchanged at 4% and maintained its accommodative stance. The announcements and implementation of G-SAP (Govt.-Securities Acquisition Programme, in large tranches) could aid in keeping bond yields low till September. However, the fall in interest rates would be limited by the large fiscal pressure caused by higher borrowings. We therefore expect the 10- year G-Sec to trade in a narrow range of 5.95% to 6.35% over the course of FY 2021-22.

Annual Fund Review 10 Risk Return Profile of Funds

Risk management is an integral part of our investment process. The company has well-defined risk policies and processes covering both portfolio and process risk. Further, the company has systems and software in place to monitor compliance of Regulations and Investments norms on a daily basis. The operating policy for each asset class defines the framework within which the investments are made in specific funds. Most of our equity investments are in securities which are constituents of the S&P BSE-500 or the NSE Nifty-500 universe, and predominantly above a market capitalization of Rs 10,000 crore. The portfolio is well-diversified across companies and industries as a risk-mitigation measure. The debt portfolio of the company is mostly invested in assets of the highest credit quality i.e. Government of India securities, and AAA rated securities, with only a small exposure to AA rated securities. The key risk management policy adopted is maintaining high standards of credit quality of the portfolio and maintaining an optimum duration depending on the market outlook. The exposure to stocks and duration of bonds changes over time based on an in-depth analysis of the factors affecting these markets. A reasonable level of liquidity is also maintained within the respective funds so as to enable smooth redemption process on account of switches or claims.

Exide Life Prime Equity Fund Exide Life Midcap Fund Exide Life Prime Equity Pension Fund Exide Life Capped Nifty High Risk Index Fund# Exide Life Large Cap Pension Fund# Exide Life Equity Fund* Exide Life Equity Pension Fund*

Exide Life Active Asset Allocation Fund Exide Life Growth Fund Exide Life Guaranteed

Risk NAV Fund* Exide Life Balance Fund Medium Risk Exide Life Secure Fund

Exide Life Preserver Fund Exide Life Preserver Pension Fund Low Risk Exide Life Debt Pension Fund* Exide Life Exide Life Debt Fund* Liquid Pension*

Return

*Available for existing customers only subject to product terms and conditions # Please see disclaimer on page 62

Annual Fund Review 11 Exide Life Debt Fund Mar’ 21

Fund Profile: The fund seeks to generate income through an Asset Allocation (As approved by IRDAI) investment mix of high quality bonds and money market instruments.

SFIN No: ULIF00218/10/04DEBT114 Fund Type % Net Asset Value (NAV) 31 Mar. 2021: ₹37.1269 Debt and Debt related Instruments 100% Assets Under Management (AUM): ₹226.99 mn Rating Profile of Debt Instruments Equity : ₹­ Debt : ₹213.54 mn Net Current Assets : ₹13.45 mn Fund Manager: AAA: 37.55% Debt : Mr.Pranav Parekh

SOVEREIGN: 62.45% Fund Performance

Period Fund Return Benchmark* 1 Month 1.35% 1.47% Sector Allocation 6 Months 2.22% 2.36% 1 Year 7.41% 7.69% 2 Years 9.51% 10.14% Debt Sector Allocation % 3 Years 9.25% 8.99% Infrastructure finance 42.11 4 Years 8.12% 8.01% Electricity gas steam and air conditioning supply 25.14 5 Years 8.79% 8.62% Financial & insurance 16.54 Since Inception 8.32% 7.46% Housing 13.47 *Benchmark : Crisil Composite Bond Index (100%).Returns over one year are compounded Manufacture of coke and refined petroleum products 2.74 annualised and fund returns are net of charges.

Movement of NAV

37.2

37.0

36.8 Unit Price 36.6

Mar 2021 08 15 22 29 36.4

Asset Allocation (As on Mar 31st, 2021)

Others: 11.96%

Corporate Debt: 33.06%

Gsec: 54.98%

Modified Duration of Debt and Money Market Instruments 4.26 Years Others include Money Market Instruments and Net Current Assets Exide Life Debt Fund Mar’ 21

Portfolio Holdings

Corporate Debt-Holdings Amt (mn) % AUM 8.24% PGCIL 14­Feb­2029 (GOI Fully Serviced) 18.86 8.31% 8.01% RECL 24­Mar 2028 (GOI Fully Serviced) 15.21 6.70% 7.00% NABARD 21­Feb­2031(GOI Fully Serviced) 10.20 4.49% 7.95% IRFC 12­June­2029 6.52 2.87% 8.60% REC 08­Mar­2029 (GOI Fully Serviced) 5.66 2.49% 8.38% HUDCO 30­Jan­2029­(GOI Fully Serviced) 5.59 2.46% 8.58% HUDCO 14­Feb­2029 (GOI Fully Serviced) 4.52 1.99% 7.99 % PFC 20­Dec­2022 4.20 1.85% 9.60 Exim Bank 07­Feb­2024 2.22 0.98% 7.00% Reliance Industries Limited 31­Aug­2022 2.06 0.91% Total 75.03 33.06%

G-Sec Holdings Amt (mn) % AUM 6.79% GSEC 15­May­2027. 41.51 18.29% 7.27% G Sec 08­Apr­2026 16.89 7.44% 8.20% Gsec 24­09­2025. 14.20 6.26% 8.15 GOI Security 24­11­2026 14.14 6.23% 8.24% GoI Sec 15­02­2027 13.21 5.82% 8.26% GoI Sec 02­08­2027 10.49 4.62% 6.84% G sec 19­Dec­2022 7.29 3.21% 6.57% Tamil Nadu SDL 13­Jan­2031 4.91 2.17% 7.68 G­Sec 15­Dec­2023 2.14 0.94% Total 124.79 54.98%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 13.71 6.04% Total 13.71 6.04% Net Current Assets 13.46 5.92 % Total 226.99 100.00 Exide Life Secure Fund Mar’ 21

Fund Profile: The fund seeks to achieve long term moderate capital Asset Allocation (As approved by IRDAI) growth through an investment mix of upto 20% equity and the balance in high quality bonds and money market instruments. Fund Type % SFIN No: ULIF00418/10/04SECURE114 Equity 10% to 20% Net Asset Value (NAV) 31 Mar. 2021: ₹40.0478 Debt 0% to 90% Money Market 0% to 20% Assets Under Management (AUM): ₹461.54 mn

Equity : ₹83.88 mn Rating Profile of Debt Instruments Debt : ₹355.49 mn Net Current Assets : ₹22.17 mn Fund Manager: AAA: 36.91% Equity : Mr.Shyamsunder Bhat Debt : Mr.Pranav Parekh

SOVEREIGN: 63.09% Fund Performance

Period Fund Return Benchmark* 1 Month 1.13% 1.42% Sector Allocation 6 Months 7.25% 6.60% 1 Year 15.73% 17.17% Equity Sector Allocation % 2 Years 10.42% 10.48% Financial & insurance 25.67 3 Years 9.66% 9.63% Computer programming consultancy and related activities 15.46 4 Years 8.46% 8.68% Pharmaceuticals 12.34 5 Years 9.18% 9.38% Manufacture of coke and refined petroleum products 10.12 Since Inception 8.82% 8.39% Manufacture of chemicals and chemical products 6.63 *Benchmark : Crisil Composite Bond Index (85%) and Nifty 50 (15%) .Returns over one year Civil engineering 5.05 are compounded annualised and fund returns are net of charges. Manufacture of motor vehicles trailers and semi­trailers 3.41 Movement of NAV Manufacture of other non­metallic mineral products 3.24 Manufacture of basic metals 2.66 Telecommunications 2.53 40.2 Others 12.88

40.0 Debt Sector Allocation %

39.8 Infrastructure finance 67.69 Housing 16.09

Unit Price Financial & insurance 11.65 39.6 Electricity gas steam and air conditioning supply 2.84 Mar 2021 08 15 22 29 Manufacture of coke and refined petroleum products 1.74 39.4

Asset Allocation (As on Mar 31st, 2021)

Others: 12.37% Equity: 18.17%

Corporate Debt: 25.64% Gsec: 43.82%

Modified Duration of Debt and Money Market Instruments 4.24 Years Others include Money Market Instruments and Net Current Assets Exide Life Secure Fund Mar’ 21

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Reliance Industries Ltd 6.53 1.41% Infosys Ltd 5.98 1.30% Larsen & Toubro Ltd 3.90 0.85% Gland Pharma Limited 3.78 0.82% Nippon India ETF Bank BeES 3.35 0.73% Nippon India ETF PSU Bank BeES 3.24 0.70% Housing Development Finance Corporation Ltd 3.24 0.70% HDFC Bank Ltd 3.07 0.67% Hindustan Unilever Ltd 3.01 0.65% Tata Consultancy Services Ltd 2.90 0.63% ICICI Bank Ltd 2.44 0.53% State Bank of India 1.94 0.42% Hindalco Industries Ltd 1.81 0.39% Bharti Airtel Ltd 1.78 0.38% ITC Ltd 1.64 0.36% Hcl Technologies Ltd 1.54 0.33% Kotak Mahindra Bank Ltd 1.49 0.32% Dr. Reddys Lab Ltd 1.41 0.31% Hindustan Petroleum Corporation Ltd 1.30 0.28% Bajaj Finanacial Services Ltd 1.20 0.26% Aditya Birla Fashion and Retail Ltd 1.13 0.25% Sun Pharmaceutical Industries Ltd 1.11 0.24% JK Cement Limited 1.08 0.23% Bajaj Finance Limited 1.01 0.22% Britannia Industries Limited 0.95 0.21% Ultratech Cement Ltd 0.98 0.21% Maruti Suzuki India Ltd 0.91 0.20% Cipla Ltd 0.87 0.19% CADILA HEALTHCARE LIMITED 0.84 0.18% Federal Bank Ltd 0.82 0.18% Mahindra & Mahindra Ltd 0.82 0.18% L I C Housing Finance Ltd 0.79 0.17% Ipca Laboratories Ltd 0.78 0.17% Divis Laboratories Limited 0.74 0.16% Crompton Greaves Consumer Electricals Limited 0.73 0.16% HDFC Life Insurance Company Limited 0.70 0.15% Mahindra & Mahindra Financial Services Limited 0.68 0.15% UPL Limited 0.71 0.15% Srf Limited 0.71 0.15% Nestle India Ltd 0.70 0.15% Sbi Life Insurance Co Ltd 0.64 0.14% Cyient Limited 0.63 0.14% Bharat Electronics Ltd 0.65 0.14% Apollo Hospitals Enterprise Limited 0.66 0.14% City Union Bank Ltd 0.54 0.12% Endurance Technologies Ltd 0.53 0.12% Mphasis Ltd. 0.55 0.12% The Ramco Cements Limited 0.44 0.10% Gujarat Gas Limited 0.46 0.10% Icici Lombard General Insurance Co Ltd 0.46 0.10% Axis Bank Ltd. 0.46 0.10% Avenue Supermarts Ltd 0.42 0.09% Dalmia Bharat Limited 0.42 0.09% Dixon Technologies (India) Limited 0.41 0.09% Indraprastha Gas Ltd 0.39 0.08% Exide Life Secure Fund Mar’ 21

Ashok Leyland Ltd. 0.38 0.08% Asian Paints Ltd 0.38 0.08% SBI Cards and Payment Services Limited 0.36 0.08% KPIT Technologies Limited 0.35 0.08% Kaveri Seed Company Limited 0.33 0.07% Rallis India Limited 0.31 0.07% Page Industries LImited 0.24 0.05% JSW Steel Limited 0.25 0.05% Escorts Ltd 0.23 0.05% Hathway Cable & Datacom Limited 0.18 0.04% Ntpc Limited 0.18 0.04% Hero Motocorp Ltd 0.15 0.03% Aditya Birla Fashion and Retail Limited­Rights 0.08 0.02% Computer Age Management Services Limited 0.10 0.02% Bajaj Auto Ltd 0.06 0.01% Total 83.88 18.17%

Corporate Debt-Holdings Amt (mn) % AUM 8.55 IRFC 21­Feb­2029 28.00 6.07% 8.01% RECL 24­Mar 2028 (GOI Fully Serviced) 16.30 3.53% 8.60% HUDCO 12­Nov­28 ­ (GOI Fully serviced) 9.02 1.96% 8.37 HUDCO 25­Mar­2029 (GOI Fully Serviced) 7.78 1.69% 8.40% IRFC 08­Jan­2029 7.77 1.68% 7.95% IRFC 12­June­2029 7.61 1.65% 7.00% NABARD 21­Feb­2031(GOI Fully Serviced) 7.14 1.55% 7.99 % PFC 20­Dec­2022 5.25 1.14% 8.70% RECL 28­Sep­2028 (GOI Fully Serviced) 4.53 0.98% 8.22% NABARD 13­Dec­2028 (GOI Fully Serviced) 4.43 0.96% 6.63% RECL 28­Jan­2031 (GOI Fully Serviced) 3.97 0.86% 8.60% REC 08­Mar­2029 (GOI Fully Serviced) 3.40 0.74% 9.30% PGCIL 04­Sep­2024 3.36 0.73% 8.09% RECL 21­Mar­2028 (GOI Fully Serviced) 3.27 0.71% 9.60 Exim Bank 07­Feb­2024 2.22 0.48% 8.38% HUDCO 30­Jan­2029­(GOI Fully Serviced) 2.23 0.48% 7.00% Reliance Industries Limited 31­Aug­2022 2.06 0.45% Total 118.33 25.64%

G-Sec Holdings Amt (mn) % AUM 6.84% G sec 19­Dec­2022 41.68 9.03% 9.20 G Sec 30­ Sept­2030 29.43 6.38% 8.26% GoI Sec 02­08­2027 28.72 6.22% 7.95% GoI Sec 28­08­2032 26.02 5.64% 7.68 G­Sec 15­Dec­2023 14.97 3.24% 7.32% G Sec 28­Jan­2024 12.96 2.81% 6.53% Tamil Nadu SDL 06/01/2031. 9.80 2.12% 6.79% GSEC 15­May­2027. 9.69 2.10% 6.79% GSEC 26­Dec­2029. 6.54 1.42% 8.24% GoI Sec 15­02­2027 5.50 1.19% 6.57% Tamil Nadu SDL 13­Jan­2031 4.91 1.06% 8.22% KARNATAKA SDL 30­Jan­2031 4.84 1.05% 7.27% G Sec 08­Apr­2026 4.22 0.91% 8.15 GOI Security 24­11­2026 2.19 0.47% 8.37% Tamil Nadu SDL 05­Dec­2028 0.77 0.17% Total 202.25 43.82%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 34.91 7.56% Total 34.91 7.56% Net Current Assets 22.17 4.81 % Exide Life Secure Fund Mar’ 21

Total 461.54 100.00 Exide Life Preserver Fund Mar’ 21

Fund Profile: The fund seeks to generate income by investing in a Asset Allocation (As approved by IRDAI) diversified portfolio of debt and money market instruments of varying maturities. Fund Type % SFIN No: ULIF01016/12/09PRESERVER114 75% to Debt 100% Net Asset Value (NAV) 31 Mar. 2021: ₹27.0828 Money Market 0% ­ 25% Assets Under Management (AUM): ₹1699.08 mn Rating Profile of Debt Instruments Equity : ₹­ Debt : ₹1608.36 mn Net Current Assets : ₹90.72 mn Fund Manager: AAA: 37.37% Debt : Mr.Pranav Parekh

Fund Performance SOVEREIGN: 62.63%

Period Fund Return Benchmark* 1 Month 1.40% 1.47% 6 Months 2.20% 2.36% Sector Allocation 1 Year 7.18% 7.69% 2 Years 9.40% 10.14% 3 Years 9.06% 8.99% Debt Sector Allocation % 4 Years 8.00% 8.01% Infrastructure finance 52.51 5 Years 8.66% 8.62% Financial & insurance 26.68 Since Inception 9.26% 8.29% Housing 16.82

*Benchmark : Crisil Composite Bond Index (100%).Returns over one year are compounded Electricity gas steam and air conditioning supply 3.05 annualised and fund returns are net of charges. Manufacture of coke and refined petroleum products 0.94

Movement of NAV

27.1

27.0

26.9

26.8 Unit Price

26.7 Mar 2021 08 15 22 29 26.6

Asset Allocation (As on Mar 31st, 2021)

Others: 14.03%

Corporate Debt: 32.12%

Gsec: 53.85%

Modified Duration of Debt and Money Market Instruments 4.42 Years Others include Money Market Instruments and Net Current Assets Exide Life Preserver Fund Mar’ 21

Portfolio Holdings

Corporate Debt-Holdings Amt (mn) % AUM 7.00% NABARD 21­Feb­2031(GOI Fully Serviced) 81.57 4.80% 6.63% RECL 28­Jan­2031 (GOI Fully Serviced) 66.53 3.92% 7.95% IRFC 12­June­2029 54.34 3.20% 8.03% PFC 02­May­2026 (PUT 01­May­2021) 51.81 3.05% 8.24% NABARD 22­Mar­2029 (GOI Fully Serviced) 49.64 2.92% 8.37 HUDCO 25­Mar­2029 (GOI Fully Serviced) 41.14 2.42% 8.01% RECL 24­Mar 2028 (GOI Fully Serviced) 39.12 2.30% 8.60% REC 08­Mar­2029 (GOI Fully Serviced) 38.49 2.27% 7.99 % PFC 20­Dec­2022 23.10 1.36% 8.58% HUDCO 14­Feb­2029 (GOI Fully Serviced) 21.47 1.26% 8.24% PGCIL 14­Feb­2029 (GOI Fully Serviced) 16.64 0.98% 8.60% HUDCO 12­Nov­28 ­ (GOI Fully serviced) 15.79 0.93% 9.60 Exim Bank 07­Feb­2024 14.41 0.85% 8.38% HUDCO 30­Jan­2029­(GOI Fully Serviced) 13.41 0.79% 8.09% RECL 21­Mar­2028 (GOI Fully Serviced) 9.82 0.58% 7.00% Reliance Industries Limited 31­Aug­2022 5.14 0.30% 8.70% RECL 28­Sep­2028 (GOI Fully Serviced) 3.40 0.20% Total 545.83 32.12%

G-Sec Holdings Amt (mn) % AUM 6.79% GSEC 15­May­2027. 212.06 12.48% 8.15 GOI Security 24­11­2026 144.89 8.53% 8.24% GoI Sec 15­02­2027 77.06 4.54% 7.88% GSec 19­Mar­2030 76.19 4.48% 6.84% G sec 19­Dec­2022 70.34 4.14% 8.20% Gsec 24­09­2025. 65.55 3.86% 6.57% Tamil Nadu SDL 13­Jan­2031 49.14 2.89% 6.51% Karnataka SDL 21­Oct­2030 48.85 2.87% 8.26% GoI Sec 02­08­2027 45.84 2.70% 7.27% G Sec 08­Apr­2026 36.15 2.13% 7.68 G­Sec 15­Dec­2023 32.08 1.89% 6.95% Tamil Nadu SDL 17­Feb­2031 20.20 1.19% 8.46% Gujarat SDL 10­Feb­2026. 11.25 0.66% 8.28% GOI 21­09­2027 11.07 0.65% 9.23 GOI 23­12­2043 6.38 0.38% 7.95% GoI Sec 28­08­2032 4.40 0.26% 8.47% Maharashtra SDL 10­02­2026 2.19 0.13% 8.23% Goi Sec 12­02­2027 (Food Bond) 0.38 0.02% 6.30% GoI Sec 09­04­2023. 0.26 0.02% 10.25% GoI Sec30­05­2021 0.15 0.01% 6.17% GoI Sec 12­06­2023 0.23 0.01% 8.15% GoI FOOD BOND 16­10­2022. 0.16 0.01% 8.30% GOI Fert Bond 2023 0.11 0.01% Total 914.92 53.85%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 147.62 8.69% Total 147.62 8.69% Net Current Assets 90.71 5.34 % Total 1699.08 100.00 Exide Life Balanced Fund Mar’ 21

Fund Profile: The fund seeks to achieve long term capital growth Asset Allocation (As approved by IRDAI) through an investment mix of upto 40% equity and the balance in high quality bonds and money market instruments. Fund Type % SFIN No: ULIF00118/10/04BALANCE114 Equity 20% ­ 40% Net Asset Value (NAV) 31 Mar. 2021: ₹42.7897 Debt 0% ­ 80% Money Market 0% ­ 20% Assets Under Management (AUM): ₹769.84 mn

Equity : ₹280.83 mn Rating Profile of Debt Instruments Debt : ₹461.04 mn Net Current Assets : ₹27.97 mn Fund Manager: AAA: 35.74% Equity : Mr.Shyamsunder Bhat Debt : Mr.Pranav Parekh

SOVEREIGN: 64.26% Fund Performance

Period Fund Return Benchmark* 1 Month 1.02% 1.36% Sector Allocation 6 Months 11.62% 10.84% 1 Year 23.26% 26.64% Equity Sector Allocation % 2 Years 10.66% 10.83% Financial & insurance 25.89 3 Years 9.77% 10.27% Computer programming consultancy and related activities 15.77 4 Years 8.74% 9.35% Pharmaceuticals 11.82 5 Years 9.69% 10.13% Manufacture of coke and refined petroleum products 10.55 Since Inception 9.27% 9.33% Manufacture of chemicals and chemical products 6.38 *Benchmark : Crisil Composite Bond Index(70%) and Nifty 50 (30%).Returns over one year Civil engineering 5.34 are compounded annualised and fund returns are net of charges. Manufacture of motor vehicles trailers and semi­trailers 3.44 Movement of NAV Manufacture of other non­metallic mineral products 3.36 Telecommunications 2.66 Manufacture of basic metals 2.24 43.2 Others 12.54

43.0

Debt Sector Allocation % 42.8 Infrastructure finance 41.14 42.6 Housing 27.84

Unit Price Financial & insurance 21.95 42.4 Electricity gas steam and air conditioning supply 7.12 Mar 2021 08 15 22 29 Manufacture of coke and refined petroleum products 1.96 42.2

Asset Allocation (As on Mar 31st, 2021)

Others: 6.37%

Equity: 36.48%

Gsec: 36.72%

Corporate Debt: 20.43%

Modified Duration of Debt and Money Market Instruments 4.42 Years Others include Money Market Instruments and Net Current Assets Exide Life Balanced Fund Mar’ 21

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Reliance Industries Ltd 23.13 3.00% Infosys Ltd 20.64 2.68% Larsen & Toubro Ltd 13.98 1.82% Gland Pharma Limited 12.30 1.60% Housing Development Finance Corporation Ltd 11.48 1.49% HDFC Bank Ltd 11.23 1.46% Tata Consultancy Services Ltd 10.24 1.33% Hindustan Unilever Ltd 10.00 1.30% Kotak Mahindra MF ­ Kotak Banking ETF ­ Dividend Payout Option 8.48 1.10% ICICI Bank Ltd 8.34 1.08% Nippon India ETF Bank BeES 6.70 0.87% State Bank of India 6.35 0.83% Bharti Airtel Ltd 6.04 0.78% Hindalco Industries Ltd 5.86 0.76% Hcl Technologies Ltd 5.61 0.73% ITC Ltd 5.44 0.71% Kotak Mahindra Bank Ltd 4.82 0.63% Hindustan Petroleum Corporation Ltd 4.50 0.58% Dr. Reddys Lab Ltd 4.33 0.56% Bajaj Finanacial Services Ltd 3.94 0.51% JK Cement Limited 3.81 0.50% Nippon India ETF PSU Bank BeES 3.88 0.50% Sun Pharmaceutical Industries Ltd 3.84 0.50% Aditya Birla Fashion and Retail Ltd 3.78 0.49% Ultratech Cement Ltd 3.52 0.46% Bajaj Finance Limited 3.40 0.44% Britannia Industries Limited 3.29 0.43% Maruti Suzuki India Ltd 3.03 0.39% Mahindra & Mahindra Ltd 2.89 0.38% Cipla Ltd 2.83 0.37% Federal Bank Ltd 2.83 0.37% CADILA HEALTHCARE LIMITED 2.74 0.36% Ipca Laboratories Ltd 2.72 0.35% L I C Housing Finance Ltd 2.63 0.34% HDFC Life Insurance Company Limited 2.57 0.33% Bharat Electronics Ltd 2.42 0.31% Nestle India Ltd 2.39 0.31% Srf Limited 2.41 0.31% Sbi Life Insurance Co Ltd 2.24 0.29% Divis Laboratories Limited 2.20 0.29% Apollo Hospitals Enterprise Limited 2.14 0.28% Crompton Greaves Consumer Electricals Limited 2.04 0.27% UPL Limited 2.02 0.26% Mahindra & Mahindra Financial Services Limited 1.84 0.24% Cyient Limited 1.83 0.24% Endurance Technologies Ltd 1.74 0.23% Mphasis Ltd. 1.77 0.23% City Union Bank Ltd 1.67 0.22% Axis Bank Ltd. 1.60 0.21% Gujarat Gas Limited 1.60 0.21% Icici Lombard General Insurance Co Ltd 1.58 0.21% Dalmia Bharat Limited 1.46 0.19% The Ramco Cements Limited 1.47 0.19% Indraprastha Gas Ltd 1.40 0.18% Dixon Technologies (India) Limited 1.30 0.17% Exide Life Balanced Fund Mar’ 21

Ashok Leyland Ltd. 1.34 0.17% Asian Paints Ltd 1.23 0.16% Avenue Supermarts Ltd 1.26 0.16% SBI Cards and Payment Services Limited 1.23 0.16% KPIT Technologies Limited 1.19 0.16% Kaveri Seed Company Limited 1.10 0.14% Rallis India Limited 1.02 0.13% Hathway Cable & Datacom Limited 0.93 0.12% Page Industries LImited 0.88 0.11% Escorts Ltd 0.71 0.09% Hero Motocorp Ltd 0.52 0.07% Ntpc Limited 0.53 0.07% Aditya Birla Fashion and Retail Limited­Rights 0.27 0.03% Bajaj Auto Ltd 0.18 0.02% Computer Age Management Services Limited 0.10 0.01% Total 280.83 36.48%

Corporate Debt-Holdings Amt (mn) % AUM 8.60% HUDCO 12­Nov­28 ­ (GOI Fully serviced) 27.07 3.52% 8.01% RECL 24­Mar 2028 (GOI Fully Serviced) 22.82 2.96% 8.60% REC 08­Mar­2029 (GOI Fully Serviced) 11.32 1.47% 9.30% PGCIL 04­Sep­2024 11.19 1.45% 8.37 HUDCO 25­Mar­2029 (GOI Fully Serviced) 11.12 1.44% 8.22% NABARD 13­Dec­2028 (GOI Fully Serviced) 11.06 1.44% 7.00% NABARD 21­Feb­2031(GOI Fully Serviced) 10.20 1.32% 8.70% RECL 28­Sep­2028 (GOI Fully Serviced) 9.06 1.18% 8.24% NABARD 22­Mar­2029 (GOI Fully Serviced) 8.82 1.15% 7.95% IRFC 12­June­2029 8.69 1.13% 7.99 % PFC 20­Dec­2022 7.35 0.95% 8.38% HUDCO 30­Jan­2029­(GOI Fully Serviced) 5.59 0.73% 8.09% RECL 21­Mar­2028 (GOI Fully Serviced) 5.46 0.71% 9.60 Exim Bank 07­Feb­2024 4.44 0.58% 7.00% Reliance Industries Limited 31­Aug­2022 3.08 0.40% Total 157.27 20.43%

G-Sec Holdings Amt (mn) % AUM 6.84% G sec 19­Dec­2022 52.10 6.77% 7.95% GoI Sec 28­08­2032 45.12 5.86% 7.27% G Sec 08­Apr­2026 38.52 5.00% 6.79% GSEC 15­May­2027. 37.13 4.82% 8.26% GoI Sec 02­08­2027 35.35 4.59% 7.32% G Sec 28­Jan­2024 17.10 2.22% 6.57% Tamil Nadu SDL 13­Jan­2031 14.74 1.92% 9.20 G Sec 30­ Sept­2030 12.36 1.61% 6.53% Tamil Nadu SDL 06/01/2031. 9.80 1.27% 8.15 GOI Security 24­11­2026 6.58 0.85% 7.72% GSec 25­May­2025 6.44 0.84% 8.22% KARNATAKA SDL 30­Jan­2031 4.40 0.57% 8.37% Tamil Nadu SDL 05­Dec­2028 1.61 0.21% 6.01% GoI Sec 25­03­2028 1.47 0.19% Total 282.71 36.72%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 21.06 2.74% Total 21.06 2.74% Net Current Assets 27.97 3.63 % Total 769.84 100.00 Exide Life Active Asset Allocation Fund Mar’ 21

Fund Profile: The fund seeks provide long term capital appreciation Asset Allocation (As approved by IRDAI) in a risk controlled manner by making clear and dynamic asset allocation choices as between Equities and Bonds. Fund Type % SFIN No: ULIF01527/12/10ACTASSET114 Equity 20% ­ 100% Net Asset Value (NAV) 31 Mar. 2021: ₹24.5696 Debt 0% ­ 80% Money Market 0% ­ 80% Assets Under Management (AUM): ₹1517.18 mn

Equity : ₹1142.88 mn Rating Profile of Debt Instruments Debt : ₹362.90 mn Net Current Assets : ₹11.40 mn Fund Manager: AAA: 36.99% Equity : Mr.Shyamsunder Bhat Debt : Mr.Pranav Parekh

SOVEREIGN: 63.01% Fund Performance

Period Fund Return Benchmark* 1 Month 0.74% 1.29% Sector Allocation 6 Months 19.13% 16.49% 1 Year 37.47% 39.28% Equity Sector Allocation % 2 Years 11.71% 11.28% Financial & insurance 26.64 3 Years 10.62% 11.12% Computer programming consultancy and related activities 16.20 4 Years 9.88% 10.25% Manufacture of coke and refined petroleum products 11.18 5 Years 11.26% 11.15% Pharmaceuticals 9.63 Since Inception 9.21% 9.18% Manufacture of chemicals and chemical products 6.42 *Benchmark : Crisil Composite Bond Index (50%) and Nifty 50 (50%) .Returns over one year Civil engineering 5.60 are compounded annualised and fund returns are net of charges. Manufacture of other non­metallic mineral products 3.54 Movement of NAV Manufacture of motor vehicles trailers and semi­trailers 3.47 Telecommunications 2.45 Manufacture of basic metals 2.24 25.5 Others 12.64

25.0 Debt Sector Allocation %

24.5 Infrastructure finance 47.14 Electricity gas steam and air conditioning supply 21.80

Unit Price Housing 20.52 24.0 Financial & insurance 10.53 Mar 2021 08 15 22 29 23.5

Asset Allocation (As on Mar 31st, 2021)

Others: 2.20% Gsec: 14.16%

Corporate Debt: 8.31%

Equity: 75.33%

Modified Duration of Debt and Money Market Instruments 4.38 Years Others include Money Market Instruments and Net Current Assets Exide Life Active Asset Allocation Fund Mar’ 21

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Reliance Industries Ltd 94.90 6.25% Kotak Mahindra MF ­ Kotak Banking ETF ­ Dividend Payout Option 84.15 5.55% Infosys Ltd 82.16 5.42% Larsen & Toubro Ltd 56.23 3.71% HDFC Bank Ltd 46.65 3.07% Housing Development Finance Corporation Ltd 45.16 2.98% Tata Consultancy Services Ltd 40.49 2.67% Hindustan Unilever Ltd 39.51 2.60% ICICI Bank Ltd 33.57 2.21% Nippon India ETF Nifty IT 24.89 1.64% Bharti Airtel Ltd 24.65 1.62% Nippon India ETF Bank BeES 23.45 1.55% State Bank of India 23.25 1.53% Hindalco Industries Ltd 22.48 1.48% Hcl Technologies Ltd 21.39 1.41% ITC Ltd 21.31 1.40% Gland Pharma Limited 21.02 1.39% Kotak Mahindra Bank Ltd 18.96 1.25% Hindustan Petroleum Corporation Ltd 17.41 1.15% Dr. Reddys Lab Ltd 16.95 1.12% Bajaj Finanacial Services Ltd 15.38 1.01% JK Cement Limited 15.29 1.01% Sun Pharmaceutical Industries Ltd 15.40 1.01% Aditya Birla Fashion and Retail Ltd 14.83 0.98% Ultratech Cement Ltd 14.28 0.94% Bajaj Finance Limited 13.73 0.90% Ipca Laboratories Ltd 13.37 0.88% Britannia Industries Limited 12.46 0.82% Maruti Suzuki India Ltd 11.89 0.78% Mahindra & Mahindra Ltd 10.74 0.71% CADILA HEALTHCARE LIMITED 10.83 0.71% Federal Bank Ltd 10.73 0.71% Bharat Electronics Ltd 10.58 0.70% L I C Housing Finance Ltd 10.60 0.70% Cipla Ltd 10.43 0.69% HDFC Life Insurance Company Limited 9.95 0.66% Nestle India Ltd 9.70 0.64% Sbi Life Insurance Co Ltd 9.04 0.60% Srf Limited 8.90 0.59% Crompton Greaves Consumer Electricals Limited 8.77 0.58% Divis Laboratories Limited 8.72 0.57% Cyient Limited 7.57 0.50% UPL Limited 7.26 0.48% Apollo Hospitals Enterprise Limited 6.93 0.46% Endurance Technologies Ltd 6.99 0.46% City Union Bank Ltd 6.83 0.45% Mphasis Ltd. 6.85 0.45% Mahindra & Mahindra Financial Services Limited 6.51 0.43% Gujarat Gas Limited 6.48 0.43% Axis Bank Ltd. 6.33 0.42% Icici Lombard General Insurance Co Ltd 6.17 0.41% The Ramco Cements Limited 6.00 0.40% Dalmia Bharat Limited 5.96 0.39% Indraprastha Gas Ltd 5.76 0.38% Nippon India ETF PSU Bank BeES 5.59 0.37% Exide Life Active Asset Allocation Fund Mar’ 21

Dixon Technologies (India) Limited 5.28 0.35% Ashok Leyland Ltd. 5.21 0.34% Asian Paints Ltd 4.79 0.32% SBI Cards and Payment Services Limited 4.83 0.32% Avenue Supermarts Ltd 4.70 0.31% KPIT Technologies Limited 4.31 0.28% Rallis India Limited 4.07 0.27% Kaveri Seed Company Limited 3.74 0.25% Escorts Ltd 2.89 0.19% Hero Motocorp Ltd 2.05 0.14% Ntpc Limited 2.06 0.14% Page Industries LImited 2.18 0.14% Aditya Birla Fashion and Retail Limited­Rights 1.02 0.07% Computer Age Management Services Limited 0.30 0.02% Total 1142.88 75.33%

Corporate Debt-Holdings Amt (mn) % AUM 8.70% RECL 28­Sep­2028 (GOI Fully Serviced) 24.90 1.64% 8.55 IRFC 21­Feb­2029 20.16 1.33% 9.47% PGCIL 31­03­2023 16.29 1.07% 8.60% HUDCO 12­Nov­28 ­ (GOI Fully serviced) 13.54 0.89% 9.30% PGCIL 04­Sep­2024 11.19 0.74% 8.22% NABARD 13­Dec­2028 (GOI Fully Serviced) 9.96 0.66% 8.38% HUDCO 30­Jan­2029­(GOI Fully Serviced) 7.82 0.52% 6.63% RECL 28­Jan­2031 (GOI Fully Serviced) 7.94 0.52% 8.58% HUDCO 14­Feb­2029 (GOI Fully Serviced) 4.52 0.30% 9.60 Exim Bank 07­Feb­2024 3.33 0.22% 7.99 % PFC 20­Dec­2022 3.15 0.21% 8.01% RECL 24­Mar 2028 (GOI Fully Serviced) 2.17 0.14% 8.40% IRFC 08­Jan­2029 1.11 0.07% Total 126.09 8.31%

G-Sec Holdings Amt (mn) % AUM 7.37 % G­Sec 16­Apr­2023 36.92 2.43% 7.95% GoI Sec 28­08­2032 35.71 2.35% 7.72% GSec 25­May­2025 35.41 2.33% 8.26% GoI Sec 02­08­2027 28.65 1.89% 7.68 G­Sec 15­Dec­2023 14.97 0.99% 7.88% GSec 19­Mar­2030 13.06 0.86% 6.79% GSEC 26­Dec­2029. 10.83 0.71% 6.79% GSEC 15­May­2027. 10.31 0.68% 6.95% Tamil Nadu SDL 17­Feb­2031 10.10 0.67% 8.37% Tamil Nadu SDL 05­Dec­2028 6.36 0.42% 8.22% KARNATAKA SDL 30­Jan­2031 5.73 0.38% 7.27% G Sec 08­Apr­2026 3.43 0.23% 8.15 GOI Security 24­11­2026 3.29 0.22% Total 214.76 14.16%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 22.05 1.45% Total 22.05 1.45% Net Current Assets 11.4 0.75 % Total 1517.18 100.00 Exide Life Growth Fund Mar’ 21

Fund Profile: The fund seeks to achieve long term accelerated Asset Allocation (As approved by IRDAI) capital growth through an investment mix of upto 60% equity and the balance in high quality bonds and money market instruments. Fund Type % SFIN No: ULIF00318/10/04GROWTH114 Equity 40% ­ 60% Net Asset Value (NAV) 31 Mar. 2021: ₹49.4515 Debt 0% ­ 60% Money Market 0% ­ 20% Assets Under Management (AUM): ₹5167.31 mn

Equity : ₹2891.01 mn Rating Profile of Debt Instruments Debt : ₹2181.40 mn Net Current Assets : ₹94.90 mn Fund Manager: Equity : Mr.Sumeet Hinduja AAA: 38.65% Debt : Mr.Pranav Parekh SOVEREIGN: 61.35% Fund Performance

Period Fund Return Benchmark* 1 Month 0.98% 1.29% Sector Allocation 6 Months 17.44% 16.49% 1 Year 36.94% 39.28% Equity Sector Allocation % 2 Years 11.49% 11.28% Financial & insurance 31.52 3 Years 10.44% 11.12% Computer programming consultancy and related activities 15.01 4 Years 9.74% 10.25% Manufacture of coke and refined petroleum products 9.31 5 Years 10.81% 11.15% Manufacture of chemicals and chemical products 5.79 Since Inception 10.24% 10.57% Pharmaceuticals 5.40 *Benchmark : Crisil Composite Bond Index(50%) and Nifty 50 (50%) .Returns over one year Manufacture of other non­metallic mineral products 4.25 are compounded annualised and fund returns are net of charges. Civil engineering 4.09 Movement of NAV Manufacture of motor vehicles trailers and semi­trailers 3.97 Telecommunications 3.47 Manufacture of basic metals 2.33 50.5 Others 14.85

50.0 Debt Sector Allocation %

49.5 Infrastructure finance 45.28 Housing 26.25

Unit Price Financial & insurance 20.07 49.0 Manufacture of coke and refined petroleum products 4.24 Mar 2021 08 15 22 29 Electricity gas steam and air conditioning supply 4.16 48.5

Asset Allocation (As on Mar 31st, 2021)

Others: 6.37%

Gsec: 23.12%

Equity: 55.95%

Corporate Debt: 14.56%

Modified Duration of Debt and Money Market Instruments 4.42 Years Others include Money Market Instruments and Net Current Assets Exide Life Growth Fund Mar’ 21

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Reliance Industries Ltd 226.48 4.38% HDFC Bank Ltd 210.27 4.07% Infosys Ltd 209.94 4.06% Kotak Mahindra MF ­ Kotak Banking ETF ­ Dividend Payout Option 183.11 3.54% ICICI Bank Ltd 156.55 3.03% Tata Consultancy Services Ltd 120.26 2.33% Housing Development Finance Corporation Ltd 117.84 2.28% Larsen & Toubro Ltd 108.99 2.11% Kotak Mahindra Bank Ltd 100.87 1.95% Hindustan Unilever Ltd 74.87 1.45% Bharti Airtel Ltd 70.53 1.36% State Bank of India 66.39 1.28% ITC Ltd 60.74 1.18% Hcl Technologies Ltd 49.08 0.95% Ultratech Cement Ltd 46.82 0.91% Bajaj Finance Limited 45.17 0.87% Hindalco Industries Ltd 43.16 0.84% Axis Bank Ltd. 41.99 0.81% Nestle India Ltd 40.97 0.79% Divis Laboratories Limited 36.97 0.72% Bajaj Finanacial Services Ltd 34.74 0.67% Maruti Suzuki India Ltd 32.90 0.64% Asian Paints Ltd 32.66 0.63% Aditya Birla Fashion and Retail Ltd 32.06 0.62% V Guard Industries Ltd 31.59 0.61% JK Cement Limited 30.32 0.59% Cipla Ltd 29.90 0.58% Dr. Reddys Lab Ltd 29.13 0.56% Mahindra & Mahindra Ltd 27.97 0.54% Ashok Leyland Ltd. 27.07 0.52% Nippon India ETF Nifty IT 26.17 0.51% Apollo Hospitals Enterprise Limited 26.00 0.50% Gujarat Gas Limited 25.89 0.50% HDFC Life Insurance Company Limited 23.70 0.46% Amber Enterprises India Limited 24.01 0.46% Hindustan Petroleum Corporation Ltd 21.49 0.42% Hathway Cable & Datacom Limited 21.86 0.42% Shree Cements Ltd 21.19 0.41% Page Industries LImited 18.98 0.37% Tech Mahindra Ltd 18.86 0.37% Icici Lombard General Insurance Co Ltd 19.29 0.37% Gland Pharma Limited 19.24 0.37% Eicher Motors Limited 18.51 0.36% JSW Steel Limited 18.85 0.36% Sun Pharmaceutical Industries Ltd 18.86 0.36% Escorts Ltd 18.05 0.35% Endurance Technologies Ltd 17.73 0.34% Srf Limited 17.79 0.34% Kotak PSU Bank ETF 17.37 0.34% Titan Company Ltd 15.86 0.31% Avenue Supermarts Ltd 15.85 0.31% Havells India Limited 15.36 0.30% L I C Housing Finance Ltd 15.29 0.30% Kajaria Ceramics Ltd 14.96 0.29% Rallis India Limited 14.90 0.29% Exide Life Growth Fund Mar’ 21

Indraprastha Gas Ltd 14.07 0.27% Godrej Consumer Products Ltd 14.09 0.27% Britannia Industries Limited 13.35 0.26% Ipca Laboratories Ltd 9.83 0.19% Ntpc Limited 8.66 0.17% City Union Bank Ltd 7.36 0.14% Hero Motocorp Ltd 7.30 0.14% Zee Entertainment Enterprises Ltd 5.92 0.11% Aditya Birla Fashion and Retail Limited­Rights 1.83 0.04% Happiest Minds Technologies Ltd 1.57 0.03% Nippon India ETF Bank BeES 1.00 0.02% Computer Age Management Services Limited 0.59 0.01% Total 2891.01 55.95%

Corporate Debt-Holdings Amt (mn) % AUM 8.60% HUDCO 12­Nov­28 ­ (GOI Fully serviced) 101.52 1.96% 8.60% REC 08­Mar­2029 (GOI Fully Serviced) 92.83 1.80% 8.24% NABARD 22­Mar­2029 (GOI Fully Serviced) 72.81 1.41% 7.95% IRFC 12­June­2029 56.51 1.09% 7.99 % PFC 20­Dec­2022 54.61 1.06% 8.06% RECL 27­Mar­2028 (GOI Fully Serviced) 51.21 0.99% 8.09% RECL 21­Mar­2028 (GOI Fully Serviced) 36.00 0.70% 8.37 HUDCO 25­Mar­2029 (GOI Fully Serviced) 35.58 0.69% 7.00% Reliance Industries Limited 31­Aug­2022 31.88 0.62% 8.01% RECL 24­Mar 2028 (GOI Fully Serviced) 31.51 0.61% 7.00% NABARD 21­Feb­2031(GOI Fully Serviced) 30.59 0.59% 9.30% PGCIL 04­Sep­2024 30.22 0.58% 8.22% NABARD 13­Dec­2028 (GOI Fully Serviced) 28.76 0.56% 9.30% LIC HOUSING FINANCE LTD 14­09­2022 24.39 0.47% 8.58% HUDCO 14­Feb­2029 (GOI Fully Serviced) 21.47 0.42% 9.60 Exim Bank 07­Feb­2024 18.85 0.36% 8.38% HUDCO 30­Jan­2029­(GOI Fully Serviced) 14.53 0.28% 8.70% RECL 28­Sep­2028 (GOI Fully Serviced) 14.72 0.28% 8.40% IRFC 08­Jan­2029 3.33 0.06% 8.24% PGCIL 14­Feb­2029 (GOI Fully Serviced) 1.11 0.02% Total 752.42 14.56%

G-Sec Holdings Amt (mn) % AUM 7.88% GSec 19­Mar­2030 285.19 5.52% 6.79% GSEC 15­May­2027. 179.48 3.47% 7.68 G­Sec 15­Dec­2023 139.00 2.69% 6.79% GSEC 26­Dec­2029. 135.82 2.63% 6.84% G sec 19­Dec­2022 125.04 2.42% 7.95% GoI Sec 28­08­2032 119.17 2.31% 6.53% Tamil Nadu SDL 06/01/2031. 65.67 1.27% 8.20% Gsec 24­09­2025. 28.40 0.55% 8.24% Gsec 10­Nov­2033 20.69 0.40% 6.57% Tamil Nadu SDL 13­Jan­2031 19.66 0.38% 8.28% GOI 21­09­2027 15.50 0.30% 6.95% Tamil Nadu SDL 17­Feb­2031 13.13 0.25% 8.58% GUJARAT SDL 31­Oct­2028 8.56 0.17% 8.22% KARNATAKA SDL 30­Jan­2031 8.14 0.16% 8.15 GOI Security 24­11­2026 8.22 0.16% 8.24% GoI Sec 15­02­2027 5.50 0.11% 8.37% Tamil Nadu SDL 05­Dec­2028 5.16 0.10% 8.58 GUJARAT SDL 23­JAN­2023 3.95 0.08% 7.37 % G­Sec 16­Apr­2023 3.16 0.06% 8.67 Maharashtra SDL 24 Feb 2026 2.40 0.05% 9.23 GOI 23­12­2043 1.28 0.02% 8.13 % GOI 22­Jun­2045 0.80 0.02% 7.40% GoI Sec 09­09­2035 0.64 0.01% Exide Life Growth Fund Mar’ 21

Total 1194.56 23.12%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 234.42 4.54% Total 234.42 4.54% Net Current Assets 94.9 1.83 % Total 5167.31 100.00 Exide Life Guaranteed Growth Fund Mar’ 21

Fund Profile: The fund seeks to achieve long term moderate capital Asset Allocation (As approved by IRDAI) growth while meeting guarantees provided, through an investment mix of upto 40% equity and the balance in high quality bonds and Fund Type % money market instruments. Debt and Debt related instruments 60% ­ 100% SFIN No: ULIF00627/11/07GTDGROWTH114 Equity and Equity related instruments 0% ­ 40% Net Asset Value (NAV) 31 Mar. 2021: ₹23.8389 Assets Under Management (AUM): ₹34.76 mn Rating Profile of Debt Instruments

Equity : ₹5.05 mn Debt : ₹28.86 mn Net Current Assets : ₹0.85 mn AAA: 32.51% Fund Manager: Equity : Mr.Sumeet Hinduja

Debt : Mr.Pranav Parekh SOVEREIGN: 67.49%

Fund Performance Sector Allocation Period Fund Return Benchmark* 1 Month 0.55% NA Equity Sector Allocation % 6 Months 4.81% NA 1 Year 9.42% NA Financial & insurance 47.97 2 Years 5.59% NA Computer programming consultancy and related activities 21.27 3 Years 5.94% NA Manufacture of coke and refined petroleum products 8.39 4 Years 5.84% NA Manufacture of chemicals and chemical products 4.09 5 Years 6.36% NA Civil engineering 4.04 Since Inception 6.82% NA Manufacture of tobacco products 3.58 Pharmaceuticals 2.94 Returns over one year are compounded annualised and fund returns are net of charges. Manufacture of motor vehicles trailers and semi­trailers 2.91 Manufacture of other transport equipment 2.78 Movement of NAV Telecommunications 2.02 Others 0.00 23.95

23.90 Debt Sector Allocation % Electricity gas steam and air conditioning supply 30.19 23.85 Housing 23.59 Infrastructure finance 23.36 23.80

Unit Price Manufacture of coke and refined petroleum products 22.87 23.75 Mar 2021 08 15 22 29 23.70

Asset Allocation (As on Mar 31st, 2021)

Others: 5.89% Equity: 14.54%

Corporate Debt: 25.87% Gsec: 53.70%

Modified Duration of Debt and Money Market Instruments 1.92 Years Others include Money Market Instruments and Net Current Assets Exide Life Guaranteed Growth Fund Mar’ 21

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM HDFC Bank Ltd 0.64 1.83% Bajaj Finance Limited 0.56 1.61% Infosys Ltd 0.49 1.42% Housing Development Finance Corporation Ltd 0.49 1.40% Reliance Industries Ltd 0.42 1.20% Tata Consultancy Services Ltd 0.40 1.14% ICICI Bank Ltd 0.35 1.02% Hindustan Unilever Ltd 0.21 0.59% Larsen & Toubro Ltd 0.20 0.59% Kotak Mahindra Bank Ltd 0.19 0.54% ITC Ltd 0.18 0.52% Hcl Technologies Ltd 0.14 0.40% State Bank of India 0.14 0.40% Bharti Airtel Ltd 0.10 0.29% Mahindra & Mahindra Ltd 0.09 0.27% Dr. Reddys Lab Ltd 0.07 0.19% Bajaj Finanacial Services Ltd 0.06 0.17% Maruti Suzuki India Ltd 0.05 0.16% Eicher Motors Limited 0.05 0.15% Bajaj Auto Ltd 0.05 0.14% Sun Pharmaceutical Industries Ltd 0.05 0.13% Wipro Ltd 0.05 0.13% Hero Motocorp Ltd 0.04 0.12% Cipla Ltd 0.03 0.10% Indian Oil Corporation Ltd 0.01 0.02% Total 5.05 14.54%

Corporate Debt-Holdings Amt (mn) % AUM 9.47% PGCIL 31­03­2023 2.71 7.81% 9.30% LIC HOUSING FINANCE LTD 14­09­2022 2.12 6.10% 7.99 % PFC 20­Dec­2022 2.10 6.04% 7.00% Reliance Industries Limited 31­Aug­2022 2.06 5.92% Total 8.99 25.87%

G-Sec Holdings Amt (mn) % AUM 9.39% Gujarat SDL 20­Nov­2023 17.60 50.64% 8.58 GUJARAT SDL 23­JAN­2023 1.06 3.06% Total 18.67 53.7%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 1.20 3.45% Total 1.20 3.45% Net Current Assets 0.85 2.44 % Total 34.76 100.00 Exide Life Prime Equity Fund Mar’ 21

Fund Profile: The fund seeks to achieve long term accelerated Asset Allocation (As approved by IRDAI) capital growth through a portfolio of equities.

SFIN No: ULIF01116/12/09PRIMEEQU114 Fund Type % 90% to Equity: Net Asset Value (NAV) 31 Mar. 2021: ₹25.9396 100% Assets Under Management (AUM): ₹3422.11 mn Debt 0% ­ 10% Money Market 0% ­ 10% Equity : ₹3407.68 mn Debt : ₹18.89 mn Rating Profile of Debt Instruments Net Current Assets : ₹(4.46) mn Fund Manager: NA Equity : Mr.Shyamsunder Bhat Sector Allocation

Fund Performance Equity Sector Allocation % Financial & insurance 25.13 Period Fund Return Benchmark* Computer programming consultancy and related activities 16.66 1 Month 0.41% 1.11% Manufacture of coke and refined petroleum products 11.92 6 Months 32.68% 30.61% Pharmaceuticals 7.92 1 Year 69.26% 70.87% Manufacture of chemicals and chemical products 6.99 2 Years 13.65% 12.42% Civil engineering 6.14 3 Years 11.36% 13.25% Manufacture of motor vehicles trailers and semi­trailers 4.14 4 Years 10.80% 12.49% Manufacture of other non­metallic mineral products 3.04 5 Years 12.77% 13.68% Manufacture of tobacco products 2.83 Since Inception 8.84% 9.66% Manufacture of basic metals 2.50 Others 12.72 *Benchmark : Nifty 50 (100%).Returns over one year are compounded annualised and fund returns are net of charges.

Movement of NAV

27.5

27.0

26.5

26.0 Unit Price

25.5 Mar 2021 08 15 22 29 25.0

Asset Allocation (As on Mar 31st, 2021)

Others: 0.42%

Equity: 99.58% Modified Duration of Debt and Money Market Instruments Years Others include Money Market Instruments and Net Current Assets Exide Life Prime Equity Fund Mar’ 21

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Reliance Industries Ltd 301.77 8.82% Infosys Ltd 272.09 7.95% Kotak Mahindra MF ­ Kotak Banking ETF ­ Dividend Payout Option 243.71 7.12% Larsen & Toubro Ltd 182.33 5.33% HDFC Bank Ltd 178.38 5.21% Housing Development Finance Corporation Ltd 153.71 4.49% Nippon India ETF Bank BeES 133.97 3.91% Tata Consultancy Services Ltd 124.86 3.65% Hindustan Unilever Ltd 120.73 3.53% ICICI Bank Ltd 114.14 3.34% ITC Ltd 83.99 2.45% Hcl Technologies Ltd 75.14 2.20% Hindalco Industries Ltd 74.21 2.17% Bharti Airtel Ltd 70.32 2.06% State Bank of India 67.42 1.97% Ultratech Cement Ltd 52.77 1.54% Bajaj Finance Limited 52.70 1.54% Hindustan Petroleum Corporation Ltd 51.87 1.52% Sun Pharmaceutical Industries Ltd 50.44 1.47% Maruti Suzuki India Ltd 47.24 1.38% Dr. Reddys Lab Ltd 46.67 1.36% Aditya Birla Fashion and Retail Ltd 44.91 1.31% Kotak Mahindra Bank Ltd 44.99 1.31% Cipla Ltd 39.82 1.16% Britannia Industries Limited 37.70 1.10% Mahindra & Mahindra Ltd 37.44 1.09% JK Cement Limited 37.42 1.09% Nippon India ETF PSU Bank BeES 37.00 1.08% Bharat Electronics Ltd 32.49 0.95% CADILA HEALTHCARE LIMITED 31.41 0.92% Srf Limited 30.18 0.88% L I C Housing Finance Ltd 29.77 0.87% Bajaj Finanacial Services Ltd 29.29 0.86% Divis Laboratories Limited 28.23 0.83% Crompton Greaves Consumer Electricals Limited 26.72 0.78% Ipca Laboratories Ltd 26.23 0.77% Nestle India Ltd 25.25 0.74% Nippon India ETF Nifty IT 25.43 0.74% Apollo Hospitals Enterprise Limited 24.79 0.72% UPL Limited 23.61 0.69% Mphasis Ltd. 22.33 0.65% Sbi Life Insurance Co Ltd 21.94 0.64% Ashok Leyland Ltd. 19.40 0.57% Indraprastha Gas Ltd 18.80 0.55% Endurance Technologies Ltd 18.85 0.55% Gujarat Gas Limited 18.43 0.54% Asian Paints Ltd 17.41 0.51% Axis Bank Ltd. 16.98 0.50% Dalmia Bharat Limited 17.16 0.50% Rallis India Limited 15.56 0.45% Dixon Technologies (India) Limited 15.20 0.44% Avenue Supermarts Ltd 15.21 0.44% City Union Bank Ltd 14.25 0.42% Icici Lombard General Insurance Co Ltd 14.20 0.41% Gland Pharma Limited 12.30 0.36% Hero Motocorp Ltd 9.46 0.28% Escorts Ltd 9.34 0.27% Ntpc Limited 8.29 0.24% Exide Life Prime Equity Fund Mar’ 21

Mahindra & Mahindra Financial Services Limited 8.11 0.24% Aditya Birla Fashion and Retail Limited­Rights 3.35 0.10% Total 3407.68 99.58%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 18.89 0.55% Total 18.89 0.55% Net Current Assets (­4.46) (­0.13) % Total 3422.11 100.00 Exide Life Mid Cap Fund Mar’ 21

Fund Profile: To provide for equity linked market returns with Asset Allocation (As approved by IRDAI) predominant investment in Midcap companies across sectors.

SFIN No: ULIF01701/01/17MIDCAP114 Fund Type % Net Asset Value (NAV) 31 Mar. 2021: ₹14.6139 Equity 75% ­100% Money Market 0% ­ 25% Assets Under Management (AUM): ₹727.46 mn Rating Profile of Debt Instruments Equity : ₹704.46 mn Debt : ₹29.00 mn NA Net Current Assets : ₹(6.00) mn Fund Manager: Sector Allocation Equity : Shyamsunder Bhat Equity Sector Allocation % Fund Performance Financial & insurance 23.22 Pharmaceuticals 10.20 Manufacture of chemicals and chemical products 8.95 Period Fund Return Benchmark* Computer programming consultancy and related activities 7.09 1 Month 1.42% 1.82% Manufacture of other non­metallic mineral products 7.09 6 Months 28.64% 39.51% Manufacture of electrical equipment 6.09 1 Year 70.90% 102.44% Manufacture of computer electronic and optical products 5.30 2 Years 16.00% 13.91% Manufacture of motor vehicles trailers and semi­trailers 5.22 3 Years 8.94% 8.10% Retail trade except of motor vehicles and motorcycles 4.81 4 Years 9.92% 8.34% Warehousing and support activities for transportation 4.59 5 Years NA NA Others 17.45 Since Inception 9.84% 8.72%

*Benchmark : Nifty Midcap 100 Index. Returns over one year are compounded annualised and fund returns are net of charges..

Movement of NAV

15.2

15.0

14.8

14.6

Unit Price 14.4

14.2 Mar 2021 08 15 22 29 14.0

Asset Allocation (As on Mar 31st, 2021)

Others: 3.16%

Equity: 96.84% Modified Duration of Debt and Money Market Instruments Years Others include Money Market Instruments and Net Current Assets Exide Life Mid Cap Fund Mar’ 21

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM JK Cement Limited 32.65 4.49% Ipca Laboratories Ltd 24.73 3.40% L I C Housing Finance Ltd 24.06 3.31% Bharat Electronics Ltd 23.62 3.25% Crompton Greaves Consumer Electricals Limited 22.58 3.10% Endurance Technologies Ltd 22.22 3.05% Aditya Birla Fashion and Retail Ltd 20.87 2.87% CADILA HEALTHCARE LIMITED 20.71 2.85% V Guard Industries Ltd 19.86 2.73% Gujarat Gas Limited 19.38 2.66% Voltas Ltd 18.85 2.59% Federal Bank Ltd 18.78 2.58% Hindustan Petroleum Corporation Ltd 18.22 2.50% PI Industries Limited 18.15 2.50% Bajaj Finanacial Services Ltd 17.99 2.47% Max Financial Services Ltd 17.60 2.42% Mphasis Ltd. 16.81 2.31% The Ramco Cements Limited 16.78 2.31% Cyient Limited 16.83 2.31% Shriram Transport Fin Company Ltd 16.37 2.25% Sbi Life Insurance Co Ltd 16.30 2.24% KPIT Technologies Limited 15.82 2.18% Britannia Industries Limited 15.37 2.11% Srf Limited 15.17 2.08% Godrej Consumer Products Ltd 14.88 2.05% Mahindra & Mahindra Financial Services Limited 14.34 1.97% Rallis India Limited 14.18 1.95% Ashok Leyland Ltd. 14.16 1.95% Apollo Hospitals Enterprise Limited 13.54 1.86% Dixon Technologies (India) Limited 13.34 1.83% Dalmia Bharat Limited 13.13 1.80% City Union Bank Ltd 12.81 1.76% Indraprastha Gas Ltd 12.62 1.74% Escorts Ltd 11.27 1.55% Avenue Supermarts Ltd 11.01 1.51% Zee Entertainment Enterprises Ltd 10.59 1.46% Divis Laboratories Limited 10.29 1.41% Kaveri Seed Company Limited 9.68 1.33% Lupin Ltd 9.08 1.25% Icici Lombard General Insurance Co Ltd 7.63 1.05% Bajaj Finance Limited 7.51 1.03% Kotak PSU Bank ETF 7.16 0.98% Nestle India Ltd 7.00 0.96% Gland Pharma Limited 6.31 0.87% HDFC Life Insurance Company Limited 5.37 0.74% Page Industries LImited 3.61 0.50% SBI Cards and Payment Services Limited 3.17 0.44% Aditya Birla Fashion and Retail Limited­Rights 1.67 0.23% Computer Age Management Services Limited 0.39 0.05% Total 704.46 96.84%

Money Market Amt (mn) % AUM Exide Life Mid Cap Fund Mar’ 21

TREPS ­ 05APR2021 29.00 3.99% Total 29.00 3.99% Net Current Assets (­6) (­0.83) % Total 727.46 100.00 Exide Life Equity Fund Mar’ 21

Fund Profile: The fund seeks to achieve long term accelerated Asset Allocation (As approved by IRDAI) capital growth through a portfolio of equities.

SFIN No: ULIF00514/10/05EQUITY114 Fund Type % Net Asset Value (NAV) 31 Mar. 2021: ₹41.7988 Debt and Debt related instruments 0%­10% Equity and Equity related instruments 90%­100% Assets Under Management (AUM): ₹3007.96 mn Rating Profile of Debt Instruments Equity : ₹2995.12 mn Debt : ₹11.72 mn NA Net Current Assets : ₹1.12 mn Fund Manager: Sector Allocation Equity : Mr.Shyamsunder Bhat Equity Sector Allocation % Fund Performance Financial & insurance 25.74 Computer programming consultancy and related activities 16.75 Manufacture of coke and refined petroleum products 11.09 Period Fund Return Benchmark* Pharmaceuticals 7.76 1 Month 0.30% 1.11% Manufacture of chemicals and chemical products 7.05 6 Months 32.62% 30.61% Civil engineering 6.16 1 Year 70.34% 70.87% Manufacture of motor vehicles trailers and semi­trailers 3.85 2 Years 13.45% 12.42% Telecommunications 3.45 3 Years 11.27% 13.25% Manufacture of other non­metallic mineral products 3.38 4 Years 10.67% 12.49% Manufacture of tobacco products 2.84 5 Years 12.65% 13.68% Others 11.94 Since Inception 9.94% 11.02%

*Benchmark : Nifty 50 (100%).Returns over one year are compounded annualised and fund returns are net of charges.

Movement of NAV

44

43

42 Unit Price 41

Mar 2021 08 15 22 29 40

Asset Allocation (As on Mar 31st, 2021)

Others: 0.43%

Equity: 99.57% Modified Duration of Debt and Money Market Instruments Years Others include Money Market Instruments and Net Current Assets Exide Life Equity Fund Mar’ 21

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Reliance Industries Ltd 241.34 8.02% Infosys Ltd 229.70 7.64% Kotak Mahindra MF ­ Kotak Banking ETF ­ Dividend Payout Option 215.35 7.16% HDFC Bank Ltd 163.54 5.44% Larsen & Toubro Ltd 160.82 5.35% Housing Development Finance Corporation Ltd 136.41 4.54% Nippon India ETF Bank BeES 117.23 3.90% Hindustan Unilever Ltd 108.03 3.59% ICICI Bank Ltd 107.50 3.57% Tata Consultancy Services Ltd 95.54 3.18% Hcl Technologies Ltd 78.82 2.62% ITC Ltd 74.09 2.46% Bharti Airtel Ltd 62.19 2.07% Hindalco Industries Ltd 60.80 2.02% State Bank of India 59.58 1.98% Hindustan Petroleum Corporation Ltd 48.36 1.61% Bajaj Finance Limited 47.76 1.59% Ultratech Cement Ltd 47.79 1.59% Kotak Mahindra Bank Ltd 46.99 1.56% Sun Pharmaceutical Industries Ltd 44.60 1.48% Maruti Suzuki India Ltd 42.08 1.40% Dr. Reddys Lab Ltd 41.15 1.37% JK Cement Limited 40.62 1.35% Aditya Birla Fashion and Retail Ltd 39.90 1.33% Cipla Ltd 35.24 1.17% Kotak PSU Bank ETF 31.69 1.05% Bharat Electronics Ltd 28.64 0.95% Hathway Cable & Datacom Limited 28.00 0.93% Srf Limited 27.97 0.93% Crompton Greaves Consumer Electricals Limited 25.21 0.84% Divis Laboratories Limited 24.98 0.83% Mahindra & Mahindra Ltd 24.75 0.82% Britannia Industries Limited 23.46 0.78% CADILA HEALTHCARE LIMITED 23.07 0.77% Ipca Laboratories Ltd 23.20 0.77% Sbi Life Insurance Co Ltd 22.62 0.75% Apollo Hospitals Enterprise Limited 22.52 0.75% Bajaj Finanacial Services Ltd 20.75 0.69% UPL Limited 20.89 0.69% L I C Housing Finance Ltd 19.67 0.65% Mphasis Ltd. 19.68 0.65% Nippon India ETF Nifty IT 18.59 0.62% Ashok Leyland Ltd. 17.05 0.57% Indraprastha Gas Ltd 16.82 0.56% Endurance Technologies Ltd 16.67 0.55% Gujarat Gas Limited 16.25 0.54% Asian Paints Ltd 15.82 0.53% Dalmia Bharat Limited 15.25 0.51% Avenue Supermarts Ltd 14.08 0.47% KPIT Technologies Limited 13.82 0.46% City Union Bank Ltd 12.48 0.42% Dixon Technologies (India) Limited 11.95 0.40% Axis Bank Ltd. 12.14 0.40% Icici Lombard General Insurance Co Ltd 11.41 0.38% Rallis India Limited 11.37 0.38% Nestle India Ltd 11.16 0.37% Gland Pharma Limited 10.51 0.35% Escorts Ltd 8.12 0.27% Exide Life Equity Fund Mar’ 21

Ntpc Limited 7.63 0.25% Mahindra & Mahindra Financial Services Limited 7.15 0.24% Hero Motocorp Ltd 7.02 0.23% Federal Bank Ltd 4.28 0.14% Aditya Birla Fashion and Retail Limited­Rights 3.02 0.10% Total 2995.12 99.57%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 11.72 0.39% Total 11.72 0.39% Net Current Assets 1.11 0.04 % Total 3007.95 100.00 Exide Life Guaranteed NAV Fund Mar’ 21

Fund Profile: The Fund is a simple two­asset product that invests in Asset Allocation (As approved by IRDAI) risk­free money­market assets as well as in equity assets. The investor benefits through continuous participation in equity market Fund Type % returns and simultaneous downside protection to the extent of 80% of highest­attained NAV Money Market and related instruments :­ 40%­100% Equity that comprise Nifty 50 (NSE CNX S&P Nifty Index : 0% ­ 60% SFIN No: ULIF01403/12/10GTDNAV114 Net Asset Value (NAV) 31 Mar. 2021: ₹17.7694 Rating Profile of Debt Instruments Guaranteed Net Asset Value (NAV) as on 31 Mar. 2021: ₹14.5575 Assets Under Management (AUM): ₹1216.71 mn

Equity : ₹551.63 mn Debt : ₹911.32 mn Net Current Assets : ₹(246.24) mn Fund Manager: Equity : Mr.Shyamsunder Bhat SOVEREIGN: 100.00% Debt : Mr.Pranav Parekh Sector Allocation Fund Performance Equity Sector Allocation % Period Fund Return Benchmark* Financial & insurance 37.40 Computer programming consultancy and related activities 17.41 1 Month 0.70% NA Manufacture of coke and refined petroleum products 11.00 6 Months 11.49% NA Manufacture of chemicals and chemical products 6.83 1 Year 16.08% NA Manufacture of motor vehicles trailers and semi­trailers 3.60 2 Years 1.67% NA 3 Years 4.03% NA Pharmaceuticals 3.27 Manufacture of tobacco products 3.07 4 Years 5.01% NA 5 Years 6.23% NA Civil engineering 2.82 Since Inception 5.75% NA Manufacture of basic metals 2.56 Manufacture of other transport equipment 2.00 Returns over one year are compounded annualised and fund returns are net of charges. Others 10.06 Movement of NAV

18.2

18.0

17.8 Unit Price 17.6

Mar 2021 08 15 22 29 17.4

Asset Allocation (As on Mar 31st, 2021)

Others: 1.71%

Equity: 45.34%

Gsec: 52.95% Exide Life Guaranteed NAV Fund Mar’ 21

Modified Duration of Debt and Money Market Instruments 0.25 Years Others include Money Market Instruments and Net Current Assets

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Reliance Industries Ltd 55.51 4.56% HDFC Bank Ltd 54.70 4.50% Infosys Ltd 44.71 3.67% Housing Development Finance Corporation Ltd 39.36 3.23% ICICI Bank Ltd 33.99 2.79% Tata Consultancy Services Ltd 29.71 2.44% Kotak Mahindra Bank Ltd 22.66 1.86% Hindustan Unilever Ltd 18.97 1.56% ITC Ltd 16.93 1.39% Larsen & Toubro Ltd 15.54 1.28% Axis Bank Ltd. 14.23 1.17% State Bank of India 12.53 1.03% Bajaj Finance Limited 11.84 0.97% Bharti Airtel Ltd 10.85 0.89% Hcl Technologies Ltd 10.59 0.87% Asian Paints Ltd 10.26 0.84% Maruti Suzuki India Ltd 8.15 0.67% Mahindra & Mahindra Ltd 6.80 0.56% Ultratech Cement Ltd 6.68 0.55% Titan Company Ltd 5.88 0.48% Sun Pharmaceutical Industries Ltd 5.82 0.48% Tata Steel Ltd 5.47 0.45% Tech Mahindra Ltd 5.50 0.45% Wipro Ltd 5.50 0.45% Nestle India Ltd 5.51 0.45% Grasim Industries Ltd 5.17 0.43% Bajaj Finanacial Services Ltd 5.26 0.43% Dr. Reddys Lab Ltd 4.99 0.41% Indusind Bank Ltd 4.98 0.41% Tata Motors Ltd 4.92 0.40% Power Grid Corpn. Of India Ltd 4.80 0.39% Adani Port & Sez Ltd 4.79 0.39% Ntpc Limited 4.46 0.37% JSW Steel Limited 4.32 0.36% Hindalco Industries Ltd 4.32 0.36% Bajaj Auto Ltd 4.31 0.35% HDFC Life Insurance Company Limited 4.14 0.34% Cipla Ltd 3.73 0.31% Britannia Industries Limited 3.71 0.30% Divis Laboratories Limited 3.47 0.29% Hero Motocorp Ltd 3.41 0.28% Shree Cements Ltd 3.36 0.28% UPL Limited 3.26 0.27% Eicher Motors Limited 3.29 0.27% Bharat Petroleum Corporation Ltd 3.11 0.26% Oil & Natural Gas Corporation Ltd 3.16 0.26% Sbi Life Insurance Co Ltd 2.62 0.22% Coal India Ltd 2.29 0.19% Indian Oil Corporation Ltd 2.06 0.17% Total 551.63 45.34% Exide Life Guaranteed NAV Fund Mar’ 21

G-Sec Holdings Amt (mn) % AUM 182 Days T Bill 08­Jul­2021 247.76 20.36% 364 Days T Bill 05­Aug­2021 247.23 20.32% 364 Days T Bill 20­May­2021 149.31 12.27% Total 644.29 52.95%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 267.03 21.95% Total 267.03 21.95% Net Current Assets (­246.24) (­20.24) % Total 1216.71 100.00 Exide Life Debt Pension Fund Mar’ 21

Fund Profile: The fund seeks to generate income through an Asset Allocation (As approved by IRDAI) investment mix of high quality bonds and money market instruments.

SFIN No: ULIF00705/02/08PENDEBT114 Fund Type % Net Asset Value (NAV) 31 Mar. 2021: ₹30.9614 Debt and Debt related Instruments: 100% Assets Under Management (AUM): ₹121.59 mn Rating Profile of Debt Instruments Equity : ₹­ Debt : ₹115.02 mn Net Current Assets : ₹6.57 mn Fund Manager: AAA: 36.72% Debt : Mr.Pranav Parekh

SOVEREIGN: 63.28% Fund Performance

Period Fund Return Benchmark* 1 Month 1.27% 1.47% Sector Allocation 6 Months 2.45% 2.36% 1 Year 7.53% 7.69% 2 Years 9.71% 10.14% Debt Sector Allocation % 3 Years 9.49% 8.99% Infrastructure finance 49.60 4 Years 8.32% 8.01% Housing 25.36 5 Years 8.92% 8.62% Electricity gas steam and air conditioning supply 19.48 Since Inception 9.02% 7.99% Financial & insurance 5.56 *Benchmark : Crisil Composite Bond Index (100%).Returns over one year are compounded annualised and fund returns are net of charges.

Movement of NAV

31.0

30.9

30.8

30.7 Unit Price

30.6 Mar 2021 08 15 22 29 30.5

Asset Allocation (As on Mar 31st, 2021)

Others: 10.73%

Corporate Debt: 32.78%

Gsec: 56.49%

Modified Duration of Debt and Money Market Instruments 4.45 Years Others include Money Market Instruments and Net Current Assets Exide Life Debt Pension Fund Mar’ 21

Portfolio Holdings

Corporate Debt-Holdings Amt (mn) % AUM 8.60% REC 08­Mar­2029 (GOI Fully Serviced) 10.19 8.38% 8.24% PGCIL 14­Feb­2029 (GOI Fully Serviced) 7.77 6.39% 8.38% HUDCO 30­Jan­2029­(GOI Fully Serviced) 5.59 4.59% 7.99 % PFC 20­Dec­2022 5.25 4.32% 8.58% HUDCO 14­Feb­2029 (GOI Fully Serviced) 4.52 3.72% 9.60 Exim Bank 07­Feb­2024 2.22 1.82% 7.95% IRFC 12­June­2029 2.17 1.79% 8.03% PFC 02­May­2026 (PUT 01­May­2021) 2.16 1.78% Total 39.86 32.78%

G-Sec Holdings Amt (mn) % AUM 7.95% GoI Sec 28­08­2032 12.10 9.95% 8.28% GOI 21­09­2027 11.07 9.10% 8.47% Maharashtra SDL 10­02­2026 11.05 9.08% 6.79% GSEC 15­May­2027. 8.79 7.23% 8.15 GOI Security 24­11­2026 8.22 6.76% 8.26% GoI Sec 02­08­2027 7.25 5.96% 8.24% GoI Sec 15­02­2027 4.40 3.62% 7.68 G­Sec 15­Dec­2023 3.21 2.64% 6.84% G sec 19­Dec­2022 2.61 2.14% Total 68.69 56.49%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 6.47 5.32% Total 6.47 5.32% Net Current Assets 6.57 5.41 % Total 121.59 100.00 Exide Life Preserver Pension Fund Mar’ 21

Fund Profile: The fund seeks to generate income by investing in a Asset Allocation (As approved by IRDAI) diversified portfolio of debt and money market instruments of varying maturities. Fund Type % SFIN No: ULIF01216/12/09PNPRESERVR114 Debt and Debt related instruments: 100% Net Asset Value (NAV) 31 Mar. 2021: ₹27.1122 Assets Under Management (AUM): ₹218.80 mn Rating Profile of Debt Instruments

Equity : ₹­ Debt : ₹206.19 mn Net Current Assets : ₹12.61 mn AAA: 37.48% Fund Manager: Debt : Mr.Pranav Parekh SOVEREIGN: 62.52%

Fund Performance

Period Fund Return Benchmark* Sector Allocation 1 Month 1.46% 1.47% 6 Months 2.36% 2.36% 1 Year 7.42% 7.69% Debt Sector Allocation % 2 Years 9.43% 10.14% Infrastructure finance 41.10 3 Years 9.10% 8.99% Financial & insurance 25.35 4 Years 8.01% 8.01% Housing 17.63 5 Years 8.53% 8.62% Electricity gas steam and air conditioning supply 15.92 Since Inception 9.27% 8.29%

*Benchmark : Crisil Composite Bond Index (100%).Returns over one year are compounded annualised and fund returns are net of charges.

Movement of NAV

27.2

27.1

27.0

26.9 Unit Price

26.8 Mar 2021 08 15 22 29 26.7

Asset Allocation (As on Mar 31st, 2021)

Others: 15.03%

Corporate Debt: 31.85%

Gsec: 53.12%

Modified Duration of Debt and Money Market Instruments 4.42 Years Others include Money Market Instruments and Net Current Assets Exide Life Preserver Pension Fund Mar’ 21

Portfolio Holdings

Corporate Debt-Holdings Amt (mn) % AUM 8.24% NABARD 22­Mar­2029 (GOI Fully Serviced) 15.44 7.06% 8.38% HUDCO 30­Jan­2029­(GOI Fully Serviced) 11.17 5.11% 8.24% PGCIL 14­Feb­2029 (GOI Fully Serviced) 11.09 5.07% 8.01% RECL 24­Mar 2028 (GOI Fully Serviced) 10.87 4.97% 7.95% IRFC 12­June­2029 8.69 3.97% 6.63% RECL 28­Jan­2031 (GOI Fully Serviced) 7.94 3.63% 9.60 Exim Bank 07­Feb­2024 2.22 1.01% 8.60% REC 08­Mar­2029 (GOI Fully Serviced) 1.13 0.52% 8.37 HUDCO 25­Mar­2029 (GOI Fully Serviced) 1.11 0.51% Total 69.68 31.85%

G-Sec Holdings Amt (mn) % AUM 8.15 GOI Security 24­11­2026 20.17 9.22% 8.28% GOI 21­09­2027 14.39 6.58% 6.79% GSEC 15­May­2027. 13.92 6.36% 6.84% G sec 19­Dec­2022 13.55 6.19% 7.95% GoI Sec 28­08­2032 11.00 5.03% 8.26% GoI Sec 02­08­2027 9.39 4.29% 6.95% Tamil Nadu SDL 17­Feb­2031 7.07 3.23% 7.88% GSec 19­Mar­2030 5.44 2.49% 7.68 G­Sec 15­Dec­2023 5.35 2.44% 6.57% Tamil Nadu SDL 13­Jan­2031 4.91 2.25% 8.24% GoI Sec 15­02­2027 4.40 2.01% 8.47% Maharashtra SDL 10­02­2026 4.05 1.85% 8.20% Gsec 24­09­2025. 1.09 0.50% 8.23% Goi Sec 12­02­2027 (Food Bond) 0.38 0.17% 6.30% GoI Sec 09­04­2023. 0.26 0.12% 6.17% GoI Sec 12­06­2023 0.23 0.11% 6.01% GoI Sec 25­03­2028 0.20 0.09% 10.25% GoI Sec30­05­2021 0.15 0.07% 8.15% GoI FOOD BOND 16­10­2022. 0.16 0.07% 8.30% GOI Fert Bond 2023 0.11 0.05% Total 116.22 53.12%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 20.29 9.27% Total 20.29 9.27% Net Current Assets 12.61 5.76 % Total 218.80 100.00 Exide Life Pension Equity Fund Mar’ 21

Fund Profile: The fund seeks to achieve long term accelerated Asset Allocation (As approved by IRDAI) capital growth through a portfolio of equities.

SFIN No: ULIF00805/02/08PENEQUITY114 Fund Type % Net Asset Value (NAV) 31 Mar. 2021: ₹29.3853 Money Market and related instruments : 0%­15% Equity and Equity related instruments &ndash: 85%­100% Assets Under Management (AUM): ₹231.30 mn Rating Profile of Debt Instruments Equity : ₹230.68 mn Debt : ₹0.86 mn NA Net Current Assets : ₹(0.24) mn Fund Manager: Sector Allocation Equity : Mr Sumeet Hinduja Equity Sector Allocation % Fund Performance Financial & insurance 26.83 Computer programming consultancy and related activities 16.13 Manufacture of coke and refined petroleum products 9.32 Period Fund Return Benchmark* Manufacture of chemicals and chemical products 6.55 1 Month 0.37% 1.11% Manufacture of other non­metallic mineral products 6.01 6 Months 32.21% 30.61% Civil engineering 5.31 1 Year 72.46% 70.87% Telecommunications 5.21 2 Years 13.90% 12.42% Manufacture of motor vehicles trailers and semi­trailers 4.28 3 Years 12.27% 13.25% Pharmaceuticals 3.81 4 Years 11.35% 12.49% Manufacture of tobacco products 3.15 5 Years 13.37% 13.68% Others 13.39 Since Inception 8.60% 8.72%

*Benchmark : Nifty 50 (100%).Returns over one year are compounded annualised and fund returns are net of charges.

Movement of NAV

31.0

30.5

30.0

29.5 Unit Price

29.0 Mar 2021 08 15 22 29 28.5

Asset Allocation (As on Mar 31st, 2021)

Others: 0.27%

Equity: 99.73% Modified Duration of Debt and Money Market Instruments Years Others include Money Market Instruments and Net Current Assets Exide Life Pension Equity Fund Mar’ 21

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Nippon India ETF Bank BeES 25.79 11.15% Infosys Ltd 18.46 7.98% Reliance Industries Ltd 17.25 7.46% HDFC Bank Ltd 15.69 6.78% ICICI Bank Ltd 13.39 5.79% Larsen & Toubro Ltd 10.77 4.66% Tata Consultancy Services Ltd 10.35 4.47% Housing Development Finance Corporation Ltd 9.43 4.08% Bharti Airtel Ltd 7.09 3.07% Hindustan Unilever Ltd 7.02 3.04% ITC Ltd 6.39 2.76% Ultratech Cement Ltd 5.24 2.26% Hcl Technologies Ltd 3.82 1.65% Maruti Suzuki India Ltd 3.80 1.64% Kotak Mahindra Bank Ltd 3.69 1.60% Hathway Cable & Datacom Limited 3.46 1.50% Asian Paints Ltd 3.34 1.44% JK Cement Limited 3.31 1.43% Hindalco Industries Ltd 2.87 1.24% Bajaj Finance Limited 2.80 1.21% Apollo Hospitals Enterprise Limited 2.70 1.17% Cipla Ltd 2.56 1.11% Shree Cements Ltd 2.53 1.10% State Bank of India 2.47 1.07% Axis Bank Ltd. 2.38 1.03% Sun Pharmaceutical Industries Ltd 2.32 1.00% Titan Company Ltd 2.29 0.99% Kotak PSU Bank ETF 2.17 0.94% Aditya Birla Fashion and Retail Ltd 2.18 0.94% Ashok Leyland Ltd. 2.15 0.93% Bajaj Finanacial Services Ltd 2.10 0.91% Dr. Reddys Lab Ltd 1.92 0.83% V Guard Industries Ltd 1.90 0.82% Srf Limited 1.76 0.76% JSW Steel Limited 1.69 0.73% Escorts Ltd 1.66 0.72% Gujarat Gas Limited 1.66 0.72% Hindustan Petroleum Corporation Ltd 1.65 0.71% Amber Enterprises India Limited 1.57 0.68% Page Industries LImited 1.52 0.66% Mahindra & Mahindra Ltd 1.37 0.59% Endurance Technologies Ltd 1.37 0.59% Britannia Industries Limited 1.36 0.59% HDFC Life Insurance Company Limited 1.25 0.54% Indraprastha Gas Ltd 1.24 0.54% L I C Housing Finance Ltd 1.19 0.52% Rallis India Limited 1.15 0.50% Kajaria Ceramics Ltd 1.10 0.48% Power Grid Corpn. Of India Ltd 1.09 0.47% Avenue Supermarts Ltd 0.98 0.42% Ipca Laboratories Ltd 0.93 0.40% Nestle India Ltd 0.82 0.36% Hero Motocorp Ltd 0.71 0.30% Havells India Limited 0.69 0.30% Aditya Birla Fashion and Retail Limited­Rights 0.16 0.07% Happiest Minds Technologies Ltd 0.08 0.03% Computer Age Management Services Limited 0.04 0.02% Total 230.68 99.73% Exide Life Pension Equity Fund Mar’ 21

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 0.86 0.37% Total 0.86 0.37% Net Current Assets (­0.24) (­0.1) % Total 231.30 100.00 Exide Life Prime Equity Pension Fund Mar’ 21

Fund Profile: The fund seeks to achieve long term accelerated Asset Allocation (As approved by IRDAI) capital growth through a portfolio of equities

SFIN No: ULIF01316/12/09PNPRIMEEQU114 Fund Type % Net Asset Value (NAV) 31 Mar. 2021: ₹26.1238 Equity and Equity related instruments &ndash 90%­100% Debt and Debt related Instruments 0% ­ 10% Assets Under Management (AUM): ₹198.41 mn Rating Profile of Debt Instruments Equity : ₹194.90 mn Debt : ₹2.82 mn NA Net Current Assets : ₹0.69 mn Fund Manager: Sector Allocation Equity : Mr.Shyamsunder Bhat Equity Sector Allocation % Fund Performance Financial & insurance 25.52 Computer programming consultancy and related activities 15.68 Manufacture of coke and refined petroleum products 11.32 Period Fund Return Benchmark* Pharmaceuticals 8.29 1 Month 0.81% 1.11% Manufacture of chemicals and chemical products 7.45 6 Months 32.71% 30.61% Civil engineering 5.70 1 Year 71.89% 70.87% Manufacture of motor vehicles trailers and semi­trailers 4.27 2 Years 14.19% 12.42% Manufacture of other non­metallic mineral products 3.78 3 Years 11.82% 13.25% Manufacture of tobacco products 3.49 4 Years 11.23% 12.49% Telecommunications 2.48 5 Years 13.13% 13.68% Others 12.03 Since Inception 8.91% 9.66%

*Benchmark : Nifty 50 (100%).Returns over one year are compounded annualised and fund returns are net of charges.

Movement of NAV

27.5

27.0

26.5

26.0 Unit Price

25.5 Mar 2021 08 15 22 29 25.0

Asset Allocation (As on Mar 31st, 2021)

Others: 1.77%

Equity: 98.23% Modified Duration of Debt and Money Market Instruments Years Others include Money Market Instruments and Net Current Assets Exide Life Prime Equity Pension Fund Mar’ 21

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Reliance Industries Ltd 17.21 8.68% Infosys Ltd 16.20 8.17% HDFC Bank Ltd 11.82 5.96% Larsen & Toubro Ltd 10.39 5.24% Housing Development Finance Corporation Ltd 9.03 4.55% ICICI Bank Ltd 8.40 4.24% Kotak Mahindra MF ­ Kotak Banking ETF ­ Dividend Payout Option 8.25 4.16% Hindustan Unilever Ltd 7.90 3.98% ITC Ltd 6.38 3.21% Tata Consultancy Services Ltd 6.19 3.12% State Bank of India 5.41 2.73% Hcl Technologies Ltd 4.92 2.48% Bharti Airtel Ltd 4.52 2.28% Ultratech Cement Ltd 4.28 2.16% Maruti Suzuki India Ltd 3.59 1.81% Hindalco Industries Ltd 3.57 1.80% Hindustan Petroleum Corporation Ltd 3.45 1.74% Kotak Mahindra Bank Ltd 3.40 1.71% Sun Pharmaceutical Industries Ltd 2.93 1.48% Dr. Reddys Lab Ltd 2.81 1.42% Bajaj Finance Limited 2.74 1.38% Srf Limited 2.65 1.33% JK Cement Limited 2.61 1.32% Aditya Birla Fashion and Retail Ltd 2.60 1.31% Kotak PSU Bank ETF 2.39 1.20% Cipla Ltd 2.31 1.16% Apollo Hospitals Enterprise Limited 2.20 1.11% Gland Pharma Limited 2.10 1.06% Bajaj Finanacial Services Ltd 2.09 1.05% Britannia Industries Limited 2.03 1.02% Bharat Electronics Ltd 1.88 0.95% CADILA HEALTHCARE LIMITED 1.82 0.92% Nippon India ETF Nifty IT 1.77 0.89% Mahindra & Mahindra Ltd 1.65 0.83% Crompton Greaves Consumer Electricals Limited 1.65 0.83% Divis Laboratories Limited 1.64 0.83% Ipca Laboratories Ltd 1.52 0.77% Endurance Technologies Ltd 1.45 0.73% UPL Limited 1.37 0.69% Avenue Supermarts Ltd 1.34 0.67% Mphasis Ltd. 1.30 0.65% L I C Housing Finance Ltd 1.29 0.65% Ashok Leyland Ltd. 1.09 0.55% Gujarat Gas Limited 1.07 0.54% Indraprastha Gas Ltd 1.07 0.54% Axis Bank Ltd. 0.98 0.49% Dalmia Bharat Limited 0.98 0.49% Rallis India Limited 0.97 0.49% Sbi Life Insurance Co Ltd 0.95 0.48% Dixon Technologies (India) Limited 0.94 0.47% Ntpc Limited 0.72 0.37% Asian Paints Ltd 0.70 0.35% Escorts Ltd 0.69 0.35% Hero Motocorp Ltd 0.61 0.31% Mahindra & Mahindra Financial Services Limited 0.47 0.24% Nestle India Ltd 0.33 0.16% Aditya Birla Fashion and Retail Limited­Rights 0.27 0.13% Total 194.90 98.23% Exide Life Prime Equity Pension Fund Mar’ 21

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 2.82 1.42% Total 2.82 1.42% Net Current Assets 0.69 0.35 % Total 198.41 100.00 Exide Life Pension Liquid Fund Mar’ 21

Fund Profile: The fund seeks to provide reasonable returns while Asset Allocation (As approved by IRDAI) providing a high level of liquidity and low risk by investing in money market securities. Fund Type % SFIN No: ULIF00905/02/08PENLIQUID114 Money Market and related instruments : 100% Net Asset Value (NAV) 31 Mar. 2021: ₹24.2744 Assets Under Management (AUM): ₹9.38 mn Rating Profile of Debt Instruments

Equity : ₹­ NA Debt : ₹9.36 mn Net Current Assets : ₹0.02 mn Sector Allocation Fund Manager: Debt : Mr.Pranav Parekh

Fund Performance

Period Fund Return Benchmark* 1 Month 0.30% 0.32% 6 Months 1.96% 1.79% 1 Year 4.28% 4.07% 2 Years 5.07% 5.22% 3 Years 5.37% 6.02% 4 Years 5.45% 6.22% 5 Years 5.61% 6.40% Since Inception 7.01% 7.22%

*Benchmark : Crisil Liquid Fund Index (100%).Returns over one year are compounded annualised and fund returns are net of charges.

Movement of NAV

24.28

24.26

24.24 Unit Price 24.22

Mar 2021 08 15 22 29 24.20

Asset Allocation (As on Mar 31st, 2021)

Others: 100.00% Modified Duration of Debt and Money Market Instruments 0.00 Years Others include Money Market Instruments and Net Current Assets Exide Life Pension Liquid Fund Mar’ 21

Portfolio Holdings

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 9.36 99.76% Total 9.36 99.76% Net Current Assets 0.02 0.24 % Total 9.38 100.00 Exide Life Capped Nifty Index Fund Mar’ 21

Fund Profile: To generate long­term capital appreciation from a Asset Allocation (As approved by IRDAI) portfolio that is predominantly based on the Nifty­50 index, capped by the regulatory limits on stocks, sectors and groups Fund Type % SFIN No: ULIF01801/10/18CAPNIFINDX114 Equity and Equity related instruments 90% ­100% Net Asset Value (NAV) 31 Mar. 2021: ₹13.5610 Money Market 0% ­ 10% Assets Under Management (AUM): ₹168.32 mn Rating Profile of Debt Instruments Equity : ₹165.63 mn NA Debt : ₹2.09 mn Net Current Assets : ₹0.60 mn Sector Allocation Fund Manager: Equity : Shyamsunder Bhat Equity Sector Allocation % Fund Performance Financial & insurance 28.70 Computer programming consultancy and related activities 17.60 Manufacture of coke and refined petroleum products 12.39 Manufacture of chemicals and chemical products 8.06 Period Fund Return Benchmark* Manufacture of motor vehicles trailers and semi­trailers 4.22 1 Month 1.01% 1.11% Pharmaceuticals 4.01 6 Months 32.49% 30.61% Manufacture of tobacco products 3.65 1 Year 71.42% 70.87% Civil engineering 3.28 2 Years 12.45% 12.42% Manufacture of basic metals 2.93 3 Years NA NA Telecommunications 2.48 4 Years NA NA Others 12.68 5 Years NA NA Since Inception 15.64% 15.40%

*Benchmark : Nifty 50 (100%).Returns over one year are compounded annualised and fund returns are net of charges. Disclaimer

The “Exide Life Capped Nifty Index Fund” or its affiliates is not sponsored, endorsed, sold or promoted by NSE INDICES LTD and its affiliates. NSE INDICES LTD and its affiliates do not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of “Exide Life Capped Nifty Index Fund” or any member of the public regarding the advisability of investing in securities generally or in the “Exide Life Capped Nifty Index Fund” linked to NIFTY 50 Index or particularly in the ability of the NIFTY 50 Index ) to track general stock market performance in India.

** For detailed disclaimers click here

Movement14.2 of NAV

14.0

13.8

13.6 Unit Price

13.4 Mar 2021 08 15 22 29 13.2

Asset Allocation (As on Mar 31st,) 2021

Others: 1.60% Exide Life Capped Nifty Index Fund Mar’ 21

Equity: 98.40% Modified Duration of Debt and Money Market Instruments Years Others include Money Market Instruments and Net Current Assets

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Kotak Mahindra MF ­ Kotak Banking ETF ­ Dividend Payout Option 22.22 13.20% Reliance Industries Ltd 15.86 9.43% Infosys Ltd 12.11 7.20% Housing Development Finance Corporation Ltd 11.60 6.89% HDFC Bank Ltd 10.76 6.39% Tata Consultancy Services Ltd 8.05 4.78% ICICI Bank Ltd 5.90 3.50% Hindustan Unilever Ltd 5.88 3.49% ITC Ltd 5.17 3.07% Larsen & Toubro Ltd 4.65 2.76% Bharti Airtel Ltd 3.52 2.09% Bajaj Finance Limited 3.31 1.96% Kotak Mahindra Bank Ltd 3.26 1.94% Asian Paints Ltd 3.09 1.84% Hcl Technologies Ltd 2.60 1.55% Maruti Suzuki India Ltd 2.48 1.47% Ultratech Cement Ltd 2.12 1.26% Mahindra & Mahindra Ltd 2.05 1.22% Nestle India Ltd 1.84 1.09% Titan Company Ltd 1.76 1.05% Sun Pharmaceutical Industries Ltd 1.76 1.04% Tata Steel Ltd 1.65 0.98% Nippon India ETF Nifty IT 1.59 0.94% Ntpc Limited 1.58 0.94% Grasim Industries Ltd 1.53 0.91% Power Grid Corpn. Of India Ltd 1.50 0.89% Dr. Reddys Lab Ltd 1.49 0.88% Bajaj Auto Ltd 1.48 0.88% Bajaj Finanacial Services Ltd 1.49 0.88% Tata Motors Ltd 1.46 0.87% HDFC Life Insurance Company Limited 1.40 0.83% Adani Port & Sez Ltd 1.38 0.82% Divis Laboratories Limited 1.33 0.79% Hindalco Industries Ltd 1.28 0.76% JSW Steel Limited 1.22 0.72% Wipro Ltd 1.22 0.72% Oil & Natural Gas Corporation Ltd 1.19 0.71% Britannia Industries Limited 1.17 0.69% Cipla Ltd 1.12 0.67% Axis Bank Ltd. 1.13 0.67% Shree Cements Ltd 1.09 0.65% Bharat Petroleum Corporation Ltd 1.07 0.64% Hero Motocorp Ltd 1.02 0.61% Eicher Motors Limited 0.98 0.58% Tech Mahindra Ltd 0.97 0.58% UPL Limited 0.94 0.56% Coal India Ltd 0.87 0.51% Sbi Life Insurance Co Ltd 0.84 0.50% State Bank of India 0.72 0.43% Indian Oil Corporation Ltd 0.63 0.38% Exide Life Capped Nifty Index Fund Mar’ 21

Indusind Bank Ltd 0.30 0.18% Total 165.63 98.40%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 2.09 1.24% Total 2.09 1.24% Net Current Assets 0.6 0.36 % Total 168.32 100.00 Exide Life Large Cap - Pension Fund Mar’ 21

Fund Profile: To generate long­term capital appreciation from a Asset Allocation (As approved by IRDAI) portfolio that is predominantly based on the stocks which are constituents of the Nifty­50, subject to the regulatory limits on Fund Type % investee companies, their groups and industry sectors Equity and Equity related instruments 90% ­100% SFIN No: ULIF01901/06/20PNLARGECAP114 Money Market and Liquid Mutual Fund 0% ­ 10% Net Asset Value (NAV) 31 Mar. 2021: ₹12.1259 Assets Under Management (AUM): ₹100.07 mn Rating Profile of Debt Instruments

Equity : ₹97.42 mn NA Debt : ₹2.26 mn Net Current Assets : ₹0.39 mn Sector Allocation Fund Manager: Equity Sector Allocation % Equity : Shyamsunder Bhat Financial & insurance 28.75 Computer programming consultancy and related activities 17.37 Fund Performance Manufacture of coke and refined petroleum products 12.32 Manufacture of chemicals and chemical products 8.92 Manufacture of motor vehicles trailers and semi­trailers 4.52 Period Fund Return Benchmark* Manufacture of tobacco products 4.33 1 Month 1.13% 1.11% Pharmaceuticals 3.75 6 Months NA NA Civil engineering 3.27 1 Year NA NA Manufacture of basic metals 2.85 2 Years NA NA Telecommunications 2.35 3 Years NA NA Others 11.56 4 Years NA NA 5 Years NA NA Since Inception 21.26% 23.14%

i. "The Exide Life Large Cap ­ Pension Fund is not sponsored, endorsed, sold or promoted by NSE INDICES LTD. NSE INDICES LTD does not make any representation or warranty, express or implied, to the owners of the Exide Life Large Cap ­ Pension Fund or any member of the public regarding the advisability of investing in securities generally or in the Exide Life Large Cap ­ Pension Fund particularly or the ability of the _NIFTY 50__ Index) to track general stock market performance in India. The relationship of NSE INDICES LTD to the Licensee is only in respect of the licensing of certain trademarks and trade names of its Index which is determined, composed and calculated by NSE INDICES LTD without regard to the Licensee or the Exide Life Large Cap ­ Pension Fund. NSE INDICES LTD does not have any obligation to take the needs of the Licensee or the owners of the Exide Life Large Cap ­ Pension Fund into consideration in determining, composing or calculating the NIFTY 50 Index (. NSE INDICES LTD is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Exide Life Large Cap ­ Pension Fund to be issued or in the determination or calculation of the equation by which the Exide Life Large Cap ­ Pension Fund is to be converted into cash. NSE INDICES LTD has no obligation or liability in connection with the administration, marketing or trading of the Product(s)". ii. NSE INDICES LTD does not guarantee the accuracy and/or the completeness of the _NIFTY 50 Index or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. NSE INDICES LTD does not make any warranty, express or implied, as to results to be obtained by the Licensee, owners of the Exide Life Large Cap ­ Pension Fund, or any other person or entity from the use of the _NIFTY 50 Index or any data included therein. NSE INDICES LTD makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, NSE INDICES LTD expressly disclaim any and all liability for any damages or losses arising out of or related to the Exide Life Large Cap ­ Pension Fund, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages". iii. "An investor, by subscribing or purchasing an interest in the Exide Life Large Cap ­ Pension Fund, will be regarded as having acknowledged, understood and accepted the disclaimer referred to in Clauses above and will be bound by it. iv. The asset allocation and exposure norms will not apply for the segregated fund (Exide Life Large Cap ­ Pension Fund SFIN No: ULIF01901/06/20PNLARGECAP114) attached to this insurance product for the first 6 (six) months from its launch or till the said segregated fund reaches INR 5 Crore, whichever is earlier. If after the said 6 months the segregated fund goes below INR 5 Crores, the Company will provide an option of free switch to another fund with similar fund objective/risk profile having same/lower fund management charges (FMC) and if there is no such fund with similar risk profile, the Company will give an option to choose a fund from a set of alternate funds, which are close to risk profile of this segregated fund with same or lower FMC. Since the proposed fund (Exide Life Large Cap ­ Pension Fund) is the lowest FMC equity oriented fund within the fund offerings of Company, the Company shall not be in a position to offer the lower FMC. However, the Company shall allow free switch to the below mentioned fund with similar risk profile, as per their current applicable FMC.

S.No. SFIN Fund Name Risk Profile Fund Management Charge

1 ULIF01316/12/09PNPRIMEEQU114 Exide Life Prime Equity Pension Fund High 1.35%

Movement of NAV Exide Life Large Cap - Pension Fund Mar’ 21

12.6

12.4

12.2 Unit Price 12.0

Mar 2021 08 15 22 29 11.8

Asset Allocation (As on Mar 31st, 2021)

Others: 2.64%

Equity: 97.36% Modified Duration of Debt and Money Market Instruments Years Others include Money Market Instruments and Net Current Assets

Portfolio Holdings

Equity-Holdings Amt (mn) % AUM Kotak Mahindra MF ­ Kotak Banking ETF ­ Dividend Payout Option 12.97 12.96% Reliance Industries Ltd 9.36 9.35% Infosys Ltd 6.88 6.87% HDFC Bank Ltd 5.78 5.78% Housing Development Finance Corporation Ltd 5.55 5.55% Tata Consultancy Services Ltd 4.44 4.43% Hindustan Unilever Ltd 4.17 4.16% ICICI Bank Ltd 3.72 3.72% ITC Ltd 3.62 3.61% Larsen & Toubro Ltd 2.73 2.73% Kotak Mahindra Bank Ltd 2.25 2.25% Bajaj Finance Limited 1.98 1.98% Bharti Airtel Ltd 1.96 1.96% Asian Paints Ltd 1.83 1.83% Maruti Suzuki India Ltd 1.80 1.80% Hcl Technologies Ltd 1.60 1.60% Axis Bank Ltd. 1.48 1.48% Ultratech Cement Ltd 1.15 1.14% Mahindra & Mahindra Ltd 1.12 1.12% Nippon India ETF Nifty IT 1.00 1.00% Titan Company Ltd 0.96 0.96% Sun Pharmaceutical Industries Ltd 0.96 0.96% Nestle India Ltd 0.94 0.94% Tata Steel Ltd 0.92 0.92% Bajaj Finanacial Services Ltd 0.91 0.91% Grasim Industries Ltd 0.88 0.88% HDFC Life Insurance Company Limited 0.85 0.85% Exide Life Large Cap - Pension Fund Mar’ 21

Tata Motors Ltd 0.85 0.85% Power Grid Corpn. Of India Ltd 0.84 0.84% Dr. Reddys Lab Ltd 0.83 0.83% Adani Port & Sez Ltd 0.79 0.79% Tech Mahindra Ltd 0.79 0.79% Wipro Ltd 0.79 0.79% Ntpc Limited 0.78 0.78% Hindalco Industries Ltd 0.74 0.74% Bajaj Auto Ltd 0.74 0.74% JSW Steel Limited 0.72 0.72% Divis Laboratories Limited 0.71 0.71% Britannia Industries Limited 0.64 0.64% Cipla Ltd 0.63 0.63% Shree Cements Ltd 0.62 0.62% Hero Motocorp Ltd 0.60 0.60% Oil & Natural Gas Corporation Ltd 0.58 0.58% Eicher Motors Limited 0.57 0.57% UPL Limited 0.57 0.57% State Bank of India 0.56 0.56% Bharat Petroleum Corporation Ltd 0.54 0.54% Sbi Life Insurance Co Ltd 0.52 0.52% Coal India Ltd 0.44 0.44% Indian Oil Corporation Ltd 0.38 0.38% Indusind Bank Ltd 0.38 0.38% Total 97.42 97.36%

Money Market Amt (mn) % AUM TREPS ­ 05APR2021 2.26 2.26% Total 2.26 2.26% Net Current Assets 0.39 0.38 % Total 100.07 100.00 Glossary

Net Asset Value (NAV): It is defined as the value of one unit of the fund. It is calculated by dividing the total value of all the securities held in the fund portfolio, less any liabilities, by the number of units in the fund. It is calculated once a day based on the closing market prices of the securities in the fund's portfolio. Assets under management (AUM): The market value of financial assets that an investment company manages on behalf of investors. Portfolio Holdings: It refers to the contents of an investment portfolio held by an entity. The contents are the financial instruments like stocks, bonds, Government securities, mutual funds, fixed deposits, corporate deposits, etc. that constitute the fund. Corporate Debt: A debt security issued by a corporation and sold to investors. The backing for the bond is usually the payment ability of the company, which is typically money to be earned from future operations. Government Securities (G-sec): A debt security issued by a Government to raise the funds necessary to pay for its expenses. This includes short-term Treasury bills, medium-term Treasury notes, and long-term Treasury bonds. Benchmark Index: An index that is regarded as a standard and against which the performance of the fund is measured. Nifty 50: The Nifty 50 is a well-diversified 50-stock index accounting for large-sized companies from 13 sectors of the economy. CRISIL Composite Bond Fund Index: CRISIL Composite Bond Fund Index seeks to track the performance of a debt portfolio that includes Government securities and AAA/AA rated corporate bonds. CRISIL Liquid Fund Index: CRISIL Liquid Fund Index seeks to track the performance of a debt portfolio that includes CBLO, Commercial Papers and Certificates of Deposit.

1. ULIP plans are different from the traditional insurance products and are subject to risk factors. 2. The premiums paid in ULIP policies are subject to investment risks associated with capital markets and the Unit Price of the Units may go up or down based on performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. 3 . Exide Life Insurance Company Limited is only the name of the Insurance Company and Exide Life Insurance ULIP products are only the name of the ULIP contract and does not in any way indicate the quality of the contract its future prospects or returns. 4 . Be aware of the associated risks and the applicable charges from your insurance agent or the intermediary or policy document of the insurer. 5 . Investments in ULIPs are subject to market and other risks and there can be no assurance that the objectives of the Unit Linked Funds in the ULIP will be achieved. 6 . Past performance of the Unit Linked Fund and other Funds of the Company is not indicative of future performance of any of these Funds. 7 . The premiums and funds are subject to certain charges related to the fund or to the premiums paid. 8. The names of the Unit Linked Funds do not in any manner indicate the quality of the Unit Linked Fund or their future prospects or returns. 9. The ULIP does not offer a guaranteed return and risk in investment is borne by the policyholder. 10. The purpose of the Fund Review is only to provide a general review about the funds available in the ULIP products. Please refer to the policy terms and conditions of respective products to understand in detail the associated risks, benefits, charges etc. INDICES provided by CRISIL.“CRISIL Indices are the sole property of CRISIL. CRISIL Indices shall not be copied, transmitted or redistributed in any manner for any commercial use. CRISIL has taken due care and caution in computation of the Indices, based on the data obtained from sources, which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Indices and is not responsible for any errors or for the results obtained from the use of the Indices. CRISIL especially states that it has no financial liability whatsoever to the users of CRISIL Indices”.

Disclaimer: #“The “Exide Life Capped Nifty Index Fund”and “Exide Life Large Cap Pension Fund” or its affiliates is not sponsored, endorsed, sold or promoted by NSE INDICES LTD and its affiliates. NSE INDICES LTD and its affiliates do not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of “Exide Life Capped Nifty Index Fund” and “Exide Life Large Cap Pension Fund” or any member of the public regarding the advisability of investing in securities generally or in the “Exide Life Capped Nifty Index Fund” and “Exide Life Large Cap Pension Fund” linked to NIFTY 50 Index or particularly in the ability of the NIFTY 50 Index) to track general stock market performance in India.” Please read the full Disclaimers in relation to the NIFTY 50 Index in the website of Exide Life Insurance Company Limited.”

Annual Fund Review 62 Lamba Saath, Bharose Ki Baat.

Exide Life Insurance Company Limited is a wholly owned subsidiary of Exide Industries Limited. The trademark “Exide” is owned by Exide Industries Limited and licensed to Exide Life Insurance vide Trademark license agreement dated 30thOctober 2014. Exide Life Insurance Company Limited. IRDAI Registration number: 114, CIN: U66010KA2000PLC028273, Registered Office: 3rd Floor, JP Techno Park, No.3/1, Millers Road, Bengaluru - 560 001; Toll Free: 1800 419 8228; Visit: exidelife.in