March 2021

Very High Risk

Investor Understand that their principal will be at Very High Risk How to read the Factsheet?

March 2021

Fund Manager An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount for Fresh Subscription This is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional Amount This is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield to Maturity The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.

SIP SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests` 500 every 15th of the month in an equity fund for a period of three years.

NAV The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Benchmark A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec.

Entry Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/ agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is` 100 and the entry load is 1%, the investor will enter the fund at` 101.

Exit Load Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is`` 100 and the exit load is 1%, the redemption price would be 99 Per Unit.

Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

Standard Deviation Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

R Square The R-squared figure demonstrates how much of a fund's movements can be explained by the movements in its benchmark index. The higher the R-squared figure, the more closely the fund's performance can be explained by its index, whereas a fund with a lower R-squared doesn't behave much like its index.

Beta Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

AUM AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Macaulay duration Macaulay duration is defined as the weighted average time to full recovery of principal and interest payments of a bond i.e. the weighted average maturity of cash flows. The weight of each cash flow is determined by dividing the present value of the cash flow by the price of the bond.

Holdings The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of Scheme The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating Profile Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

Data as on 31st March 2021 01

Indiabulls Overnight Fund Overnight Fund

Data as on 31st March 2021

Investment Objective The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Fund Snapshot Portfolio Data as on 31st March 2021

Company Name % of Assets Inception Date (Date of Allotment) 08th July, 2019 *TREPS/Reverse Repo/Net current assets 100.00% Grand Total 100.00% Benchmark CRISIL Overnight Index *TREPS : Tri-party repo dealing system Fund Manager Mr. Karan Singh (Managing Fund Since May 29, 2020) Total Work Experience: 14 years Minimum Investment Amount (for fresh application) For Lumpsum & SIP :`` 500 and in multiples of 1/- thereafter Minimum Additional Investment ``500 and in multiples of 1/- thereafter.

Load Structure (as % of NAV) Entry Load: Not Applicable Exit Load: Nil

Maturity and Yield

Modified Average Gross Duration Maturity YTM 1.00 Day 1.00 Day 3.39%

Expense Ratio

Direct Plan 0.10% Regular Plan 0.20%

Fund Size (as on March 31, 2021) Performance Report (Regular Plan) Data as on 31st March 2021 Monthly Average AUM ` 197.29 Crore Month End AUM ` 72.72 Crore Scheme Benchmark* Additional Benchmark** Period Returns Value of Returns Value of Returns Value of (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 NAV of Plans / Options Per Unit (as on March 31, 2021 ) invested invested invested Regular Plan Direct Plan 7 days 3.0724 10,005.89 3.2794 10,006.29 3.9121 10,007.50 Growth `1065.40 Growth `1067.25 15 days 3.0493 10,012.53 3.2775 10,013.47 4.1282 10,016.97 Daily IDCW `1000.95 Daily IDCW `1000.99 Weekly IDCW `1001.00 Weekly IDCW `1001.09 30 days 3.0180 10,025.63 3.2540 10,027.64 4.3620 10,037.05 FortnightlyIDCW `1001.38 Fortnightly IDCW `1001.49 1 Year 2.8523 10,285.23 3.0796 10,307.96 4.6614 10,466.14 Monthly IDCW `1003.22 Monthly IDCW `1003.45 3 Years NA NA NA NA NA NA 5 Years NA NA NA NA NA NA Since Inception 3.7262 10,653.96 3.8820 10,681.68 5.8668 11,037.52 Fund Style *CRISILOvernight Index, **CRISIL1YrT-Bill Index. Credit Quality Returns shown for 7 days, 15 days and 30 days are computed on Simple Annualised basis. Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of High Mid Low Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance High may or may not be sustained in future.

neetRate Interest

Sensitivity

Mid Riskometer

Low This product is suitable for investors who are seeking* Ÿ Short Term savings. Ÿ An overnight fund that aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity Ÿ Low Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 02 Indiabulls Liquid Fund Liquid Fund

Data as on 31st March 2021

Investment Objective To provide a high level of liquidity with returns commensurate with low risk through a portfolio of money market and debt securities with maturity of upto 91 days. However, there can be no assurance that the investment objective of the scheme will be achieved.

Fund Snapshot Portfolio Data as on 31st March 2021

Company Name Rating % of Assets Inception Date (Date of Allotment) Treasury Bills 25th October, 2011 91 Days Treasury Bill 15-Apr-2021 SOV 22.93% Benchmark 91 Days Treasury Bill 22-Apr-2021 SOV 22.91% CRISIL Liquid Fund Index Sub-Total 45.84% Commercial Papers Fund Manager Reliance Industries Ltd CP - 06-May-2021 A1+ 9.15% Mr. Karan Singh Nabard CP - 30-Apr-2021 A1+ 9.16% (Managing Fund Since May 29, 2020) Bharat Petroleum Corp Ltd CP 16-Apr-2021 A1+ 9.17% Total Work Experience: 14 years Sub-Total 27.48% Minimum Investment Amount (for fresh application) Fixed Deposits 2.75% HDFC Bank Ltd 04-May-21 MARGIN FD 4.82% `` For Lumpsum & SIP : 500 and in multiples of 1/- Sub-Total 4.82% thereafter *TREPS/Reverse Repo/Net current assets 21.87% Minimum Additional Investment Grand Total 100.00% ``500 and in multiples of 1/- thereafter. *TREPS : Tri-party repo dealing system

Load Structure (as % of NAV) Rating Profile Composition of Asset Entry Load: Not Applicable Exit Load: (w.e.f. October 19, 2019) Data as on 31st March 2021 Data as on 31st March 2021

Investor exit Day 7 Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 upon subscription* onwards TREPS/Reverse Repo/ Exit Load as a % of 0.0070% 0.0065% 0.0060% 0.0055% 0.0050% 0.0045% 0.0000% redemption proceeds Net Current Assets Treasury Bills 45.84% *The date of applicable NAV towards redemption units shall be 21.87% considered for calculating the number of subscription days.

Maturity and Yield Fixed Deposits 4.82% Modified Average Gross Duration Maturity YTM 18.60 Days 18.25 Days 3.18% Commercial SOV/A1+/FD Expense Ratio Papers 78.14% 27.48% Direct Plan 0.12% Regular Plan 0.22% Note : TREPS/Reverse Repo/Net Current Assets of 21.87%

Fund Size (as on March 31, 2021) Performance Report (Regular Plan) Monthly Average AUM ` 113.69 Crore Data as on 31st March 2021 Month End AUM ` 108.92 Crore Scheme Benchmark* Additional Benchmark** NAV of Plans / Options Per Unit (as on March 31, 2021 ) Period Returns Value of Returns Value of Returns Value of Regular Plan Direct Plan (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 Growth ` 1990.12 Growth `2006.26 invested invested invested ` ` Daily IDCW 1001.15 Daily IDCW 1001.06 7 days 3.1397 10,006.02 3.6867 10,007.07 3.9121 10,007.50 Weekly IDCW ` 1001.70 Weekly IDCW `1000.63 15 days 3.1495 10,012.94 3.9375 10,016.18 4.1282 10,016.97 Fortnightly IDCW ` 1001.01 Fortnightly IDCW `1001.10 30 days 2.8251 10,023.99 3.5860 10,030.46 4.3620 10,037.05 Monthly IDCW ` 1003.23 Monthly IDCW `1031.87 1 Year 3.3464 10,334.64 4.0697 10,406.97 4.6614 10,466.14 Fund Style 3 Years 5.6018 11,778.21 6.0124 11,916.25 6.4832 12,075.84 Credit Quality 5 Years 6.2054 13,514.62 6.3979 13,637.63 6.5036 13,705.56 High Mid Low Since Inception 7.5639 19,901.16 7.4776 19,751.11 7.0610 19,040.15

High *CRISILLiquid Fund Index, **CRISIL1YrT-Bill Index. Returns shown for 7 days, 15 days and 30 days are computed on Simple Annualised basis. Returns greater than 1 year period are compounded annualized

neetRate Interest returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Sensitivity Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation.

Mid Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

Low Riskometer

This product is suitable for investors who are seeking* Ÿ High level of liquidity with commensurate returns over short term. Ÿ Through investment in money market & debt securities with maturity of upto 91 days. Ÿ Low to Moderate Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 03 Indiabulls Short Term Fund Short Duration Fund

Data as on 31st March 2021

Investment Objective The Scheme will endeavor to generate stable returns over short term with a low risk strategy while maintaining liquidity through a portfolio comprising debt and money market instruments such that the Macaulay duration of the portfolio is between 1 year – 3 years. However, there can be no assurance that the investment objective of the scheme will be achieved.

Fund Snapshot Portfolio Data as on 31st March 2021

Company Name Rating % of Inception Date (Date of Allotment) Assets 13th September, 2013 Government Securities 7.89% Gujarat SDL 15-May-2025 SOV 20.42% Benchmark 5.22% GOI - 15-Jun-2025 SOV 18.79% CRISIL Short-Term Bond Fund Index Sub-Total 39.21% Fund Manager Non Convertible Debentures Rural Electrification Corporation Ltd AAA 7.94% Mr. Karan Singh (Managing Fund Since April 16, 2018) Power Finance Corporation Ltd AAA 7.88% Total Work Experience: 14 years Sub-Total 15.82% *TREPS/Reverse Repo/Net current assets 44.97% Minimum Investment Amount (for fresh application) Grand Total 100.00% For Lumpsum & SIP :`` 500 and in multiples of 1/- thereafter *TREPS : Tri-party repo dealing system

Minimum Additional Investment ``500 and in multiples of 1/- thereafter. Rating Profile Composition of Asset

Load Structure (as % of NAV) Data as on 31st March 2021 Data as on 31st March 2021 Entry Load: Not Applicable Exit Load: Nil TREPS/Reverse Repo/ Govt Securities Net current assets 39.21% 44.97% Maturity and Yield AAA 15.82% Macaulay Average Gross SOV Duration Maturity YTM 39.21% 20.14 Months 1.93 Years 4.58%

Expense Ratio

Direct Plan 0.13% NCD Regular Plan 1.43% 15.82%

Note : TREPS/Reverse Repo/Net Current Assets of 44.97% Fund Size (as on March 31, 2021)

Monthly Average AUM ` 26.24 Crore Month End AUM ` 26.24 Crore Performance Report (Regular Plan) Data as on 31st March 2021 NAV of Plans / Options Per Unit Scheme Benchmark* Additional Benchmark** Regular Plan Direct Plan Growth ` 1692.33 Growth ` 1849.54 Period Returns Value of Returns Value of Returns Value of Weekly IDCW ` 1011.36 Weekly IDCW ` 1013.40 (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 Fortnightly IDCW ` 1013.39 Fortnightly IDCW ` 1014.35 invested invested invested Monthly IDCW ` 1019.78 Monthly IDCW ` 1014.35 1 Year 4.9559 10,495.59 7.8042 10,780.42 3.6046 10,360.46 3 Years 5.6417 11,791.55 8.3803 12,733.49 8.2523 12,688.35 Fund Style 5 Years 6.2282 13,529.17 8.0789 14,750.20 7.1715 14,140.96 Since Inception 7.2161 16,923.28 8.6355 18,690.04 7.7517 17,572.12 Credit Quality *CRISILShortTermBond Fund Index, **CRISIL10YearGilt Index. High Mid Low Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business High day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

neetRate Interest

Sensitivity

Mid

Riskometer

Low This product is suitable for investors who are seeking*

Ÿ Stable returns overshorttermwhile maintaining liquidity. Ÿ Through investmentin debtand moneymarketinstruments. Ÿ Lowto Moderate Risk

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 04 Indiabulls Dynamic Bond Fund Dynamic Fund

Data as on 31st March 2021

Investment Objective To generate reasonable returns commensurate with the risk taken by active duration management of the portfolio. The Scheme would be investing in debt instruments including but not limited to bonds, debentures, government securities and money market instruments over various maturity periods. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme(s) does not assure or guarantee any returns.

Fund Snapshot Portfolio Data as on 31st March 2021

Company Name Rating % of Assets Inception Date (Date of Allotment) 06th December, 2018 Government Securities 5.22% GOI - 15-Jun-2025 SOV 35.10% Benchmark 8.14% Maharashtra SDL 27-May-2025 SOV 19.24% CRISIL Composite Bond Fund Index Sub-Total 54.34% Fund Manager CORPORATE BONDS/NCD Mr. Karan Singh Rural Electrification Corporation Ltd AAA 11.13% (Managing Fund Since May 29, 2020) Power Finance Corporation Ltd AAA 11.05% Total Work Experience: 14 years Sub-Total 22.18% Minimum Investment Amount (for fresh application) *TREPS/Reverse Repo/Net current assets 23.49% For Lumpsum & SIP :`` 500 and in multiples of 1/- Grand Total 100.00% thereafter *TREPS : Tri-party repo dealing system Minimum Additional Investment ``500 and in multiples of 1/- thereafter. Rating Profile Composition of Asset Data as on 31st March 2021 Data as on 31st March 2021 Load Structure (as % of NAV) Entry Load: Not Applicable AAA Exit Load: Nil 22.18% TREPS/Reverse Repo/ Government Net Current Assets Securities Maturity and Yield 23.49% 54.34%

Modified Average Gross Duration Maturity YTM 2.28 Years 2.69 Years 4.99%

Expense Ratio SOV Direct Plan 0.24% 54.34% NCD Regular Plan 0.74% 22.18%

Note : TREPS/Reverse Repo/Net Current Assets of 23.49% Fund Size (as on March 31, 2021)

Monthly Average AUM ` 28.00 Crore Performance Report (Regular Plan) Month End AUM ` 28.09 Crore Data as on 31st March 2021 Scheme Benchmark* Additional Benchmark** NAV of Plans / Options Per Unit Period Returns Value of Returns Value of Returns Value of Regular Plan Direct Plan (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 Growth `1181.34 Growth `1195.61 invested invested invested Daily IDCW `1006.82 Daily IDCW `1007.41 1 Year 5.7693 10,576.93 7.6927 10,769.27 3.6046 10,360.46 Weekly IDCW `1006.12 Weekly IDCW `1007.39 3 Years NA NA NA NA NA NA Fortnightly IDCW `1008.83 Fortnightly IDCW `1009.29 5 Years NA NA NA NA NA NA Monthly IDCW `1006.38 Monthly IDCW `1006.30 Since Inception 7.4458 11,813.45 10.0224 12,481.28 8.5451 12,095.81

*Crisil Composite Bond Fund Index, **CRISIL10YearGilt Index. Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. Fund Style The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future. Credit Quality High Mid Low

High

neetRate Interest

Sensitivity

Mid

Riskometer

Low This product is suitable for investors who are seeking* Ÿ Dynamic debtscheme investing across duration. Ÿ Income overmediumto longterm. Ÿ Investment in debt instruments including but not limited to bonds, debentures, government securities and money market instruments over various maturity periods Ÿ Lowto Moderate Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 05 Indiabulls Blue Chip Fund Large Cap Fund

Data as on 30th31st MarchSeptember 2021 2018

Investment Objective The primary investment objective of the Scheme is to seek to provide long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-related securities of blue-chip large-cap companies. However there can be no assurance that the investment objective of the scheme will be achieved.

Fund Snapshot Portfolio Data as on 31st March 2021

Inception Date (Date of Allotment) Company Name Industry/ % of Company Name Industry/ % of Rating Assets Rating Assets 10th February, 2012 Equity & Equity Related Holdings ICICI Lombard General Insurance 1.90% Benchmark Reliance Industries Ltd Petroleum Products 11.26% Insurance Company Nifty 50 TRI HDFC Bank Ltd Banks 9.95% Britannia Industries Ltd Consumer Non Durables 1.78% Bharti Airtel Ltd Telecom - Services 1.73% Fund Manager Tata Consultancy Services Ltd Software 7.86% Housing Development Finance 7.74% Avenue Supermarts Ltd Retailing 1.55% Mr. Rajeev Desai Finance Corporation Hero Motocorp Ltd Auto 1.31% (Managing Fund Since November 30, 2019) ICICI Bank Ltd Banks 6.17% Maruti Suzuki India Ltd Auto 1.31% Total Work Experience: 16 years Hindustan Unilever Ltd Consumer Non Durables 4.94% HDFC Life Insurance Co Ltd Insurance 1.05% Minimum Investment Amount (for fresh application) Yes Bank Ltd Banks 4.46% Jubilant Foodworks Ltd Leisure Services 1.00% Axis Bank Ltd Banks 3.86% Titan Company Ltd Consumer Durables 0.98% For Lumpsum & SIP :`` 500 and in multiples of .1/- thereafter State Bank of India Banks 3.41% SRF Ltd Chemicals 0.93% Infosys Ltd Software 3.01% Tata Steel Ltd Ferrous Metals 0.84% Minimum Additional Investment Navin Fluorine Chemicals 2.96% Ultratech Cement Ltd Cement & Cement Products 0.03% ``500 and in multiples of 1/- thereafter. International Limited Hindalco Industries Ltd Non - Ferrous Metals 0.00% IDBI Bank Limited Banks 2.95% Load Structure (as % of NAV) Total Equity & Equity Related Holdings 98.20% Kotak Mahindra Bank Ltd Banks 2.94% Non Convertible Debentures Entry Load: Not Applicable Larsen & Toubro Ltd Construction Project 2.90% Britannia Industries Ltd AAA 0.04% Exit Load: a) 1% if redeemed/ switched out within 7 Bajaj Finance Ltd Finance 2.73% Sub-Total 0.04% Days from the date of allotment. PI Industries Ltd Pesticides 2.37% *TREPS/Reverse Repo/Net current assets 1.77% b) Nil - if redeemed/ switched out after 7 Days from the Nestle India Ltd Consumer Non Durables 2.27% Grand Total 100.00% date of allotment. Divis Laboratories Ltd Pharmaceuticals 2.01%

Quantitative / Volatility Measures *TREPS : Tri-party repo dealing system Sectoral Allocation (TOP 10) Standard Sharpe Portfolio Data as on 31st March 2021 Deviation Ratio* Turnover 6.2870 0.32 0.30 33.74% 36.00% 32.00% 28.00% 24.00% Beta R Square No. of Stocks 20.00% 0.97 0.97 31 16.00% 11.26% 10.87% 10.47% 12.00% 8.99% 8.14% 8.00% 3.89% 2.95% 2.90% 2.62% 2.37% 4.00% *Annualised. Risk free rate assumed to be 3.50 (FBIL 0.00% OVERNIGHT MIBOR) ls

Auto

ables

Other

Banks

Project

Finance

Software

Products

Insurance

Pesticides

Chemica Portfolio Details Consumer

Petroleum

Construction Top 10 Stocks 62.66% Non Dur Top 5 Sectors 75.33%

Expense Ratio Direct Plan 1.03% SIP Returns Regular Plan 2.43% Data as on 31st March 2021

Fund Size (as on March 31, 2021) Scheme Benchmark* Additional Benchmark** ` Monthly Average AUM 115.15 Crore Period Investment Returns Value of Returns Value of Returns Value of Month End AUM ` 113.19 Crore Amount (Rs.) (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 invested invested invested NAV of Plans / Options Per Unit 1 Year 1,20,000 46.16 1,47,965 62.50 1,57,215 59.92 1,55,772 Regular Plan Direct Plan 3 Years 3,60,000 12.82 4,35,734 19.52 4,79,258 19.75 4,80,791 Growth `24.9000 Growth `28.1800 5 Years 6,00,000 10.57 7,82,552 15.60 8,85,929 16.37 9,02,816 IDCW `14.0300 IDCW `16.3400 7 Years 8,40,000 10.31 12,12,239 13.62 13,64,149 14.13 13,89,571 Monthly IDCW `14.3400 Monthly IDCW `12.6000 Since Inception 11,00,000 10.98 18,49,436 13.68 21,06,535 14.11 21,50,423 Half Yearly IDCW `14.9500 Half Yearly IDCW `15.8500 Quarterly IDCW `14.8600 Quarterly IDCW `15.8400 *NIFTY50-TRI, **S&PBSE SENSEX-TRI. Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per unit of the scheme as on the first working day for the respective time periods. The loads have not been taken into account. Past performance may or may not be sustained in future. The performance details provided herein are of Fund Style Regular Plan. Returns are for Growth option only.

Investment Style Growth Blend Value Riskometer

Large This product is suitable for investors who are seeking*

Capitalisation

Medium Ÿ Capital appreciation overlong-term Ÿ A portfolio that is invested predominantly in equity and equity-related securities ofblue-chip large-cap companies. Ÿ VeryHigh Risk

Small *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 06 Indiabulls Blue Chip Fund Large Cap Fund

Data as on 30th31st MarchSeptember 2021 2018

Performance Report (Regular Plan) Data as on 31st March 2021 Scheme Benchmark* Additional Benchmark**

Period Returns Value of Returns Value of Returns Value of (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 invested invested invested 1 Year 53.7986 15,379.86 72.5352 17,253.52 69.8172 16,981.72 3 Years 8.2602 12,691.13 14.6187 15,063.59 15.8601 15,558.84 5 Years 12.1026 17,709.82 15.1218 20,228.10 15.7347 20,772.68 Since Inception 10.4934 24,900.00 13.0001 30,568.34 13.4314 31,651.75

*NIFTY50-TRI, **S&PBSE SENSEX-TRI. Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

Data as on 31st March 2021 07 Indiabulls Equity Hybrid Fund Aggressive Hybrid Fund

Data as on 31st March 2021

Investment Objective

The Scheme seeks to generate periodic return and long term capital appreciation from a judicious mix of equity and debt instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Fund Snapshot Portfolio Data as on 31st March 2021

Inception Date (Date of Allotment) Company Name Industry/ % of Company Name Industry/ % of Rating Assets Rating Assets 13th December, 2018 Ultratech Cement Ltd Cement & Cement 1.53% Benchmark Equity & Equity Related Holdings IDBI Bank Limited Banks 8.28% Products CRISIL Hybrid 35+65 - Aggressive Index HDFC Bank Ltd Banks 7.43% Axis Bank Ltd Banks 1.50% Fund Manager Tata Consultancy Services Ltd Software 6.55% HDFC Life Insurance Co Ltd Insurance 1.48% Equity Segment Titan Company Ltd Consumer Durables 5.49% Bharti Airtel Ltd Telecom - Services 1.42% Mr. Rajeev Desai Reliance Industries Ltd Petroleum Products 5.18% SRF Ltd Chemicals 1.28% (Managing Fund Since November 30, 2019) Avenue Supermarts Ltd Retailing 1.16% Total Work Experience: 16 years ICICI Bank Ltd Banks 4.72% Debt Segment Housing Development Finance 4.52% ICICI Lombard General Insurance 0.81% Insurance Company Mr. Karan Singh Finance Corporation (Managing Fund Since May 29, 2020) Larsen & Toubro Ltd Construction Project 3.83% Shree Cements Ltd Cement & Cement 0.68% Total Work Experience: 14 years Products Kotak Mahindra Bank Ltd Banks 3.58% Minimum Investment Amount (for fresh application) Asian Paints Ltd Consumer Non Durables 0.36% JK Cement Ltd Cement & Cement 3.18% For Lumpsum & SIP :`` 500 and in multiples of 1/- Products Reliance Industries Ltd - Petroleum Products 0.22% thereafter PP shares Bajaj Finance Ltd Finance 2.61% Container Corporation Transportation 0.00% Minimum Additional Investment Divis Laboratories Ltd Pharmaceuticals 2.57% of India Ltd `` 500 and in multiples of 1/- thereafter. Hindustan Unilever Ltd Consumer Non Durables 2.48% NMDC Ltd Minerals / Mining 0.00% Load Structure (as % of NAV) Larsen & Toubro Infotech Ltd Software 2.36% Hindalco Industries Ltd Non - Ferrous Metals 0.00% Entry Load: Not Applicable PI Industries Ltd Pesticides 2.36% Sub-Total 86.90% Exit Load: Jubilant Foodworks Ltd Leisure Services 2.22% Government Securities a)1% if redeemed/ switched out within 7 Days from the AU Small Finance Bank Ltd. Banks 2.13% 7.37% GOI 16-APR-2023 SOV 9.57% date of allotment, Infosys Ltd Software 2.01% b)Nil - if redeemed/ switched out after 7 Days from the date Sub-Total 9.57% Dr. Reddy's Laboratories Ltd Pharmaceuticals 1.67% of allotment *TREPS/Reverse Repo/Net current assets 3.55% State Bank of India Banks 1.67% Grand Total 100.00% Portfolio Details Nestle India Ltd Consumer Non Durables 1.62% *TREPS : Tri-party repo dealing system Top 10 Stocks 52.76% Top 5 Sectors 58.25%

Sectoral Allocation Rating Profile Expense Ratio (Equity Holding) (Debt Holding) Direct Plan 0.61% Data as on 31st March 2021 Data as on 31st March 2021 Regular Plan 2.36%

Fund Size (as on March 31, 2021) Banks 29.31% Software 10.92% Monthly Average AUM ` 33.52 Crore Finance 7.13% Consumer Durables 5.49% Month End AUM ` 33.07 Crore Petroleum Products 5.40% Cement & Cement Products 5.39% Consumer Non Durables 4.46% NAV of Plans / Options Per Unit Pharmaceuticals 4.24% Construction Project 3.83% Pesticides 2.36% Regular Plan Direct Plan Insurance 2.29% Growth `13.0380 Growth ` 13.6625 Leisure Services 2.22% Telecom - Services 1.42% IDCW `13.0339 IDCW ` 13.5984 Chemicals 1.28% Retailing 1.16% Monthly IDCW `13.0361 Monthly IDCW ` 13.6013 Quarterly IDCW `13.8184 Quarterly IDCW ` 13.6143 SOV Half Yearly IDCW `13.0067 Half Yearly IDCW ` 13.1891 9.57%

Fund Style Note : TREPS/Reverse Repo/Net Current Assets of 3.55% Investment Style Growth Blend Value

Large

Capitalisation

Medium Riskometer

This product is suitable for investors who are seeking*

Small Ÿ To generate periodic returns and long term capital appreciation from a judicious mixofequityand debtinstruments. Ÿ VeryHigh Risk

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 08 Indiabulls Equity Hybrid Fund Aggressive Hybrid Fund

Data as on 31st March 2021

Performance Report (Regular Plan) Data as on 31st March 2021 Scheme Benchmark* Additional Benchmark**

Period Returns Value of Returns Value of Returns Value of (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 invested invested invested 1 Year 49.1728 14,917.28 49.7526 14,975.26 72.5352 17,253.52 3 Years NA NA NA NA NA NA 5 Years NA NA NA NA NA NA Since Inception 12.2333 13,038.00 14.8206 13,739.27 15.6878 13,978.96

*CRISILHybrid 35+65 -Aggressive Index, ** NIFTY50-TRI. Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

Data as on 31st March 2021 09 Indiabulls Value Fund (Erstwhile known as Indiabulls Value Discovery Fund) Value Fund Data as on 31st March 2021

Investment Objective To generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of value stocks. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Fund Snapshot Portfolio Data as on 31st March 2021

Inception Date (Date of Allotment) Company Name Industry/ % of Company Name Industry/ % of 8th September, 2015 Rating Assets Rating Assets Benchmark Equity & Equity Related Holdings Finance Ltd S&P BSE 500 TRI Tata Consumer Products Ltd Consumer Non Durables 9.00% Kotak Mahindra Bank Ltd Banks 2.46% Fund Manager Infosys Ltd Software 6.70% ICICI Lombard General Insurance 2.29% Equity Segment HDFC Bank Ltd Banks 5.63% Insurance Company Mr. Rajeev Desai Larsen & Toubro Ltd Construction Project 5.51% State Bank of India Banks 2.14% (Managing Fund Since November 30, 2019) SRF Ltd Chemicals 1.48% Total Work Experience: 16 years ICICI Bank Ltd Banks 5.36% Debt Segment Tata Consultancy Services Ltd Software 4.46% Titan Company Ltd Consumer Durables 1.09% Mr. Karan Singh Axis Bank Ltd Banks 4.41% Dabur India Ltd. Consumer Non Durables 0.76% (Managing Fund Since May 29, 2020) Divis Laboratories Ltd Pharmaceuticals 3.69% Reliance Industries Ltd - Petroleum Products 0.12% Total Work Experience: 14 years PP shares Indraprastha Gas Ltd Gas 3.64% Minimum Investment Amount (for fresh application) Ultratech Cement Ltd Cement & Cement 0.03% Reliance Industries Ltd Petroleum Products 3.45% Products For Lumpsum & SIP :`` 500 and in multiples of .1/- PI Industries Ltd Pesticides 3.25% thereafter Total Equity & Equity Related Holdings 79.38% Avenue Supermarts Ltd Retailing 2.99% Minimum Additional Investment Mutual Funds Units Bajaj Finance Ltd Finance 2.89% ``500 and in multiples of 1/- thereafter. Indiabulls Mutual Fund 15.77% Navin Fluorine International Chemicals 2.71% Sub-Total 15.77% Load Structure (as % of NAV) Limited *TREPS/Reverse Repo/Net current assets 4.83% Entry Load: Not Applicable Gujarat Gas Limited Gas 2.70% Grand Total 100.00% Exit Load: a) 1% if redeemed/ switched out within Indiabulls Housing Finance 2.62% 1 year from the date of allotment. *TREPS : Tri-party repo dealing system b) NIL, if redeemed/ switched out after 1 year from the date of allotment Sectoral Allocation Data as on 31st March 2021 Portfolio Details Top 10 Stocks 51.85% 24.00% Top 5 Sectors 52.77% 20.00% 20.00% Expense Ratio 16.00% 11.16% 12.00% 9.76% Direct Plan 0.50% 6.40% 8.00% 6.34% 5.51% 5.51% Regular Plan 2.30% 4.19% 3.69% 3.57% 3.25% 4.00% 0.00%

Fund Size (as on March 31, 2021) ls

Gas

ables

Other ` Banks

Monthly Average AUM 14.62 Crore Project

Finance

ceuticals

Software

Products

Pesticides

Chemica

Consumer Month End AUM ` 14.24 Crore Petroleum

Construction

Non Dur

NAV of Plans / Options Per Unit Pharma Regular Plan Direct Plan Growth ` 14.1337 Growth ` 15.7604 IDCW ` 14.1312 IDCW ` 15.6108 Half Yearly IDCW ` 11.5765 Half Yearly IDCW ` 12.6189 Monthly IDCW ` 10.9676 Monthly IDCW ` 11.5595 SIP Returns Quarterly IDCW ` 10.6865 Quarterly IDCW ` 12.6126 Data as on 31st March 2021

Fund Style Scheme Benchmark* Additional Benchmark** Investment Style Period Investment Returns Value of Returns Value of Returns Value of Growth Blend Value Amount (Rs.) (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 invested invested invested

Large 1 Year 1,20,000 53.37 1,52,081 68.82 1,60,719 62.50 1,57,215 Capitalisation 3 Years 3,60,000 13.19 4,38,105 20.52 4,85,959 19.52 4,79,258

Medium 5 Years 6,00,000 7.41 7,23,215 15.45 8,82,751 15.60 8,85,929 Since Inception 6,70,000 7.28 8,22,702 15.17 10,25,306 15.25 10,27,546

*S&PBSE 500-TRI, **Nifty 50-TRI.

Small Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per unit of the scheme as on the first working day for the respective time periods. The loads have not been taken into account. Past performance may or may not be sustained in future. The performance details provided herein are of Regular Plan. Returns are for Growth option only.

Riskometer

This product is suitable for investors who are seeking*

Ÿ Capital appreciation and provide long-term Capital growth. Ÿ Investment primarily in companies that offer high relative value vis–a- vis othercompanies andfall withintop 500 bymarketcapitalization. Ÿ VeryHigh Risk

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 10 Indiabulls Value Fund (Erstwhile known as Indiabulls Value Discovery Fund) Value Fund Data as on 31st March 2021

Performance Report (Regular Plan) Data as on 31st March 2021 Scheme Benchmark* Additional Benchmark**

Period Returns Value of Returns Value of Returns Value of (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 invested invested invested 1 Year 61.0843 16,108.43 78.6265 17,862.65 72.5352 17,253.52 3 Years 2.8139 10,868.98 12.9291 14,406.61 14.6187 15,063.59 5 Years 8.5785 15,094.46 15.3993 20,473.24 15.1218 20,228.10 Since Inception 6.4151 14,133.70 13.9846 20,716.39 13.7083 20,438.49

*S&PBSE 500-TRI, **Nifty 50-TRI. Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

Data as on 31st March 2021 11 Indiabulls Tax Savings Fund ELSS

Data as on 31st March 2021

Investment Objective The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. The scheme shall offer tax benefits under Section 80C of the Income Tax Act. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Fund Snapshot Portfolio Data as on 31st March 2021

Inception Date (Date of Allotment) Company Name Industry/ % of Company Name Industry/ % of 28th December, 2017 Rating Assets Rating Assets Benchmark Equity & Equity Related Holdings Bajaj Finance Ltd Finance 1.90% S&P BSE 500 TRI Reliance Industries Ltd Petroleum Products 7.06% State Bank of India Banks 1.81% HDFC Bank Ltd Banks 5.51% Avenue Supermarts Ltd Retailing 1.79% Fund Manager Tata Consultancy Services Ltd Software 5.24% Titan Company Ltd Consumer Durables 1.72% Equity Segment Infosys Ltd Software 5.04% Pidilite Industries Ltd Chemicals 1.67% Mr. Rajeev Desai Larsen & Toubro Ltd Construction Project 3.92% SBI Life Insurance Company Ltd Insurance 1.62% (Managing Fund Since November 30, 2019) HCL Technologies Ltd Software 3.80% JK Cement Ltd Cement & Cement Products 1.60% Total Work Experience: 16 years ICICI Bank Ltd Banks 3.75% Kotak Mahindra Bank Ltd Banks 1.48% Debt Segment Hindustan Unilever Ltd Consumer Non Durables 3.38% Maruti Suzuki India Ltd Auto 1.47% Mr. Karan Singh Nestle India Ltd Consumer Non Durables 3.16% Dr. Reddy's Laboratories Ltd Pharmaceuticals 1.32% (Managing Fund Since May 29, 2020) Total Work Experience: 14 years Bharti Airtel Ltd Telecom - Services 3.07% Gujarat Gas Limited Gas 1.01% PI Industries Ltd Pesticides 2.91% SRF Ltd Chemicals 0.90% Minimum Investment Amount (for fresh application) Yes Bank Ltd Banks 2.87% Bata India Ltd. Consumer Durables 0.78% For Lumpsum & SIP :`` 500 and in multiples of 500/- Indiabulls Housing Finance Ltd Finance 2.85% Procter & Gamble Hygiene Consumer Non Durables 0.72% thereafter AU Small Finance Bank Ltd. Banks 2.56% and Health Care Minimum Additional Investment Ultratech Cement Ltd Cement & Cement Products 2.48% Reliance Industries Ltd - PP shares Petroleum Products 0.37% Total Equity & Equity Related Holdings 90.33% `` Asian Paints Ltd Consumer Non Durables 2.34% 500 and in multiples of 500/- thereafter. Sanofi India Limited Pharmaceuticals 2.18% Mutual Fund Units Load Structure (as % of NAV) ICICI Lombard General Insurance 2.11% Indiabulls Mutual Fund 8.87% Insurance Company Sub-Total 8.87% Entry Load : Not Applicable Credit Access Grameen Ltd Finance 2.01% *TREPS/Cash & Cash Equivalents 0.76% Exit Load : Nil. Divis Laboratories Ltd Pharmaceuticals 2.00% Grand Total 100.00% Axis Bank Ltd Banks 1.93% Quantitative / Volatility Measures *TREPS : Tri-party repo dealing system Sectoral Allocation Standard Sharpe Portfolio Data as on 31st March 2021 Deviation Ratio* Turnover 5.9797 0.21 0.39 24.00% 19.91% 20.00% 14.08% 16.00% 12.25% Beta R Square No. of Stocks 12.00% 9.60% 7.43% 6.76% 8.00% 5.50% 0.89 0.97 36 4.08% 3.92% 3.73% 3.07% 4.00% 0.00% * Annualised. Risk free rate assumed to be 3.50 (FBIL

ables

Other OVERNIGHT MIBOR) Banks

Project

Finance

Services

ceuticals

Software

Products Products

Telecom -

Insurance

Consumer

Petroleum

Construction Portfolio Details Non Dur

Pharma Top 10 Stocks 43.93% Cement & Cement Top 5 Sectors 57.78%

Expense Ratio

Direct Plan 0.50% SIP Returns Regular Plan 2.25% Data as on 31st March 2021

Fund Size (as on March 31, 2021) Scheme Benchmark* Additional Benchmark**

Monthly Average AUM ` 62.36 Crore Period Investment Returns Value of Returns Value of Returns Value of Month End AUM ` 54.26 Crore Amount (Rs.) (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 invested invested invested NAV of Plans / Options Per Unit 1 Year 1,20,000 47.18 1,48,553 68.82 1,60,719 62.50 1,57,215 Regular Plan Direct Plan 3 Years 3,60,000 12.96 4,36,648 20.52 4,85,959 19.52 4,79,258 Growth ` 11.4600 Growth ` 12.1000 5 Years NA NA NA NA NA NA NA IDCW ` 11.4600 IDCW ` 12.0800 Since Inception 4,00,000 11.21 4,81,795 18.43 5,40,576 18.01 5,36,979 *S&PBSE 500-TRI, **Nifty 50-TRI. Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per unit of the scheme as on the first working day for the respective time periods. The loads have not been taken into account. Past performance may or may not be sustained in future. The performance details provided herein are of Fund Style Regular Plan. Returns are for Growth option only. Investment Style Growth Blend Value

Large Riskometer

Capitalisation

Medium This product is suitable for investors who are seeking*

Ÿ Capital appreciation and provide long-term Capital growth. Ÿ

Small Investment primarily in companies that offer high relative value vis–a- vis othercompanies andfall withintop 500 bymarketcapitalization. Ÿ VeryHigh Risk

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 12 Indiabulls Tax Savings Fund ELSS

Data as on 31st March 2021

Performance Report (Regular Plan) Data as on 31st March 2021 Scheme Benchmark* Additional Benchmark**

Period Returns Value of Returns Value of Returns Value of (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 invested invested invested 1 Year 54.4474 15,444.74 78.6265 17,862.65 72.5352 17,253.52 3 Years 5.8555 11,863.35 12.9291 14,406.61 14.6187 15,063.59 5 Years NA NA NA NA NA NA Since Inception 4.2722 11,460.00 10.1144 13,686.99 12.3093 14,595.90

*S&PBSE 500-TRI, **Nifty 50-TRI. Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

Data as on 31st March 2021 13 Indiabulls Arbitrage Fund Arbitrage Fund

Data as on 31st March 2021

Investment Objective To generate income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.

Fund Snapshot Portfolio Data as on 31st March 2021

Inception Date (Date of Allotment) Company Name Industry/ % of Company Name Industry/ % of Rating Assets Rating Assets 19th December, 2014 Equity & Equity Related Holdings Asian Paints Ltd Consumer Non Durables 2.50% Benchmark Reliance Industries Ltd Petroleum Products 6.59% United Spirits Ltd Consumer Non Durables 2.29% NIFTY 50 Arbitrage Index Housing Development Finance 4.93% Tata Motors Ltd Auto 2.26% Fund Manager Finance Corporation Infosys Ltd Software 2.16% Equity Segment Larsen & Toubro Ltd Construction Project 4.83% Tata Power Company Ltd Power 1.83% Mr. Rajeev Desai Mahindra & Mahindra Ltd Auto 4.40% Petronet LNG Ltd Gas 1.77% (Managing Fund Since November 30, 2019) Marico Limited Consumer Non Durables 4.33% Jindal Steel Power Ltd Ferrous Metals 1.13% Total Work Experience: More than 16 years ICICI Bank Ltd Banks 3.69% Exide Industries Ltd Auto Ancillaries 0.87% Debt Segment Indian Oil Corporation Ltd Petroleum Products 3.54% Bajaj Finserv Ltd Insurance 0.80% Mr. Karan Singh SBI Life Insurance Company Ltd Insurance 3.48% State Bank of India Banks 0.72% (Managing Fund Since May 29, 2020) Total Work Experience: 14 years Hindustan Unilever Ltd Consumer Non Durables 3.36% Bajaj Auto Ltd Auto 0.60% Lupin Ltd. Pharmaceuticals 2.85% Sub-Total 69.62% Minimum Investment Amount (for fresh application) Axis Bank Ltd Banks 2.75% *TREPS/Cash & Cash Equivalents 30.38% ForLumpsum :`` 500 and in multiples of 1/-thereafter Grasim Industries Ltd Cement & Cement Products 2.72% Grand Total 100.00% ForSIP :`` 1,000 and in multiples of 1/-thereafter Adani Enterprises Ltd. Minerals / Mining 2.71% Hedged Position In Equity & Equity Related Instruments 69.62% Minimum Additional Investment Tata Consultancy Services Ltd Software 2.51% Outstanding Derivatives Exposure -70.05% ``500 and in multiples of 1/- thereafter. *TREPS : Tri-party repo dealing system Load Structure (as % of NAV) Entry Load: Not Applicable Sectoral Allocation Exit Load: a) 0.25%, if redeemed/ switched out within Data as on 31st March 2021 one month from the date of allotment. b) Nil, if redeemed/ switched out after one month from 16.00% the date of allotment. 12.48% 12.00% 10.13% 8.31% 7.26% 7.16% 8.00% Quantitative / Volatility Measures 4.93% 4.83% 4.67% 4.28% 2.85% 4.00% 2.72% Standard Sharpe Portfolio 0.00% Deviation Ratio* Turnover

Auto

ables

Other

Banks

Project

Finance

0.2570 10.54 ceuticals

Software

Products 1.02 Products

Insurance

Consumer

Petroleum

Construction

Non Dur

Pharma Beta R Square No. of Stocks Cement & Cement 0.72 0.59 25

* Annualised. Risk free rate assumed to be 3.50 (FBIL SIP Returns OVERNIGHT MIBOR) Data as on 31st March 2021

Portfolio Details Scheme Benchmark* Additional Benchmark**

Top 10 Stocks 42.00% Period Investment Returns Value of Returns Value of Returns Value of Top 5 Sectors 41.96% Amount (Rs.) (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 invested invested invested Expense Ratio 1 Year 1,20,000 2.05 1,21,318 3.43 1,22,195 3.84 1,22,457 Direct Plan 0.42% 3 Years 3,60,000 3.72 3,81,018 4.07 3,83,014 5.98 3,94,143 Regular Plan 1.12% 5 Years 6,00,000 4.53 6,72,720 4.42 6,70,892 6.27 7,02,922 Since Inception 7,60,000 4.92 8,89,916 4.67 8,82,808 6.43 9,34,057 Fund Size (as on March 31, 2021) *NIFTY50Arbitrage Index, **CRISIL1YrT-Bill Index Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per unit of the scheme as on the first working day for the Monthly Average AUM ` 15.17 Crore respective time periods. The loads have not been taken into account. Past performance may or may not be sustained in future. The performance details provided herein are of Regular Plan. Returns are for Growth option only. Month End AUM ` 15.20 Crore

NAV of Plans / Options Per Unit Regular Plan Direct Plan Growth ` 14.2366 Growth `14.7809 Riskometer Monthly IDCW ` 10.6596 Monthly IDCW `10.8540 Quarterly IDCW ` 11.5608 Quarterly IDCW `11.6976 This product is suitable for investors who are seeking* Half Yearly IDCW` 11.5188 Half Yearly IDCW `11.7735 Ÿ Togenerate reasonable returns overshortto mediumterm. ` ` Ÿ Investment predominantly in arbitrage opportunities in the cash and Yearly IDCW 11.5464 Yearly IDCW 11.6760 derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and moneymarketinstruments. Ÿ LowRisk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 14 Indiabulls Arbitrage Fund Arbitrage Fund

Data as on 31st March 2021

Performance Report (Regular Plan) Data as on 31st March 2021 Scheme Benchmark* Additional Benchmark**

Period Returns Value of Returns Value of Returns Value of (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 invested invested invested 1 Year 1.9858 10,198.58 2.3350 10,233.50 4.6614 10,466.14 3 Years 4.4899 11,409.73 4.5808 11,439.55 6.4832 12,075.84 5 Years 5.2637 12,925.68 4.8328 12,663.13 6.5036 13,705.56 Since Inception 5.7812 14,236.60 5.3655 13,888.60 6.8210 15,139.29

*NIFTY50Arbitrage Index, **CRISIL1YrT-Bill Index Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

Data as on 31st March 2021 15 Indiabulls Savings Income Fund Conservative Hybrid Fund

Data as on 31st March 2021

Investment Objective The primary objective of the Scheme is to generate regular monthly returns through investment primarily in debt securities. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity securities. However, there can be no assurance that the investment objective of the scheme will be achieved.

Fund Snapshot Portfolio Data as on 31st March 2021

Inception Date (Date of Allotment) Company Name Industry/ % of 02th December, 2015 Rating Assets Benchmark EQUITY SHARES CRISIL Hybrid 75+25 - Conservative Index IHDFC Bank Ltd Banks 5.10% Fund Manager ICICI Bank Ltd Banks 3.97% Equity Segment Mr. Rajeev Desai State Bank of India Banks 1.24% (Managing Fund Since November 30, 2019) Sub-Total 10.31% Total Work Experience: 16 years Government Securities Debt Segment Mr. Karan Singh 7.37% GOI 16-APR-2023 SOV 18.00% (Managing Fund Since May 29, 2020) Sub-Total 18.00% Total Work Experience: 14 years Mutual Funds Units Minimum Investment Amount (for fresh application) Indiabulls Mutual Fund 13.68% For Lumpsum & SIP :`` 500 and in multiples of 1/- thereafter Sub-Total 13.68% Minimum Additional Investment *TREPS/Reverse Repo/Net current assets 58.01% `` 500 and in multiples of 1/- thereafter. Grand Total 100.00% Load Structure (as % of NAV) Entry Load: Not Applicable Exit Load: Nil *TREPS : Tri-party repo dealing system

Quantitative / Volatility Measures Sectoral Allocation Rating Profile (Equity Holding) (Debt Holding) Standard Sharpe Portfolio Data as on 31st March 2021 Data as on 31st March 2021 Deviation Ratio* Turnover SOV 1.4641 0.51 N.A 18.00%

Beta R Square No. of Stocks 0.70 0.67 03

*Annualised. Risk free rate assumed to be 3.50 (FBIL OVERNIGHT MIBOR) Banks 10.31% Maturity and Yield Modified Duration 0.45 Year Average Maturity 0.50 Year Gross YTM 2.71%

Expense Ratio Direct Plan 0.25%

Regular Plan 2.00% Note : TREPS/Reverse Repo/Net Current Assets of 58.01% Fund Size (as on March 31, 2021) Monthly Average AUM ` 13.37 Crore Performance Report (Regular Plan) Month End AUM ` 11.72 Crore Data as on 31st March 2021

NAV of Plans / Options Per Unit Scheme Benchmark* Additional Benchmark** Regular Plan Direct Plan Period Returns Value of Returns Value of Returns Value of Growth ` 15.3912 Growth ` 16.6780 (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000 Monthly IDCW ` 10.8681 Monthly IDCW ` 11.7930 invested invested invested Quarterly IDCW ` 11.1333 Quarterly IDCW ` 11.7594 1 Year 14.2052 11,420.52 22.7569 12,275.69 3.6046 10,360.46 3 Years 6.1177 11,951.82 10.8161 13,612.29 8.2523 12,688.35 Fund Style 5 Years 8.6752 15,161.80 10.7436 16,661.50 7.1715 14,140.96 Credit Quality Since Inception 8.4240 15,391.20 10.3501 16,906.06 7.4523 14,669.90 High Mid Low *CRISILHybrid 75+25 - Conservative Index, **CRISIL10YearGilt Index. High Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business

neetRate Interest

Sensitivity day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

Mid

Low Riskometer

This product is suitable for investors who are seeking* Ÿ Capital appreciation and provide regular income over a long period of time. Ÿ Investment primarily in debt securities to generate regular returns and investment of a portion ofthe Scheme's assets in equity securities to generate long-term capital appreciation. Ÿ Moderate Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 16 Indiabulls Nifty50 Exchange Traded Fund Exchange Traded Fund

Data as on 31st March 2021

Investment Objective

The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Fund Snapshot Portfolio Data as on 31st March 2021

Inception Date (Date of Allotment) Company Name Industry/ % of Company Name Industry/ % of Rating Assets Rating Assets 26th April, 2019 IndusInd Bank Ltd Banks 0.86% Benchmark Equity & Equity Related Holdings Reliance Industries Ltd Petroleum Products 10.17% Dr. Reddy's Laboratories Ltd Pharmaceuticals 0.85% Nifty 50 TRI (Total Return Index) HDFC Bank Ltd Banks 10.04% Power Grid Corporation Power 0.85% Fund Manager Infosys Ltd Software 8.02% of India Ltd Housing Development Finance 7.32% HDFC Life Insurance Co Ltd Insurance 0.85% Equity Segment Finance Corporation Adani Port & Special Transportation 0.80% ICICI Bank Ltd Banks 6.34% Economic Zone Ltd Mr. Rajeev Desai Tata Consultancy Services Ltd Software 5.24% Bajaj Auto Ltd Auto 0.75% (Managing Fund Since November 30, 2019) Kotak Mahindra Bank Ltd Banks 4.08% Hindalco Industries Ltd Non - Ferrous Metals 0.74% Total Work Experience: 16 years Hindustan Unilever Ltd Consumer Non 3.39% National Thermal Power Power 0.74% Debt Segment Durables Corporation Ltd Mr. Karan Singh ITC Ltd Consumer Non 2.90% Divis Laboratories Ltd Pharmaceuticals 0.74% (Managing Fund Since May 29, 2020) Durables JSW Steel Ltd Ferrous Metals 0.73% Total Work Experience: 14 years Axis Bank Ltd Banks 2.78% Britannia Industries Ltd Consumer Non 0.65% Larsen & Toubro Ltd Construction Project 2.71% Durables Minimum Investment / Additional Amount State Bank of India Banks 2.21% Cipla Ltd Pharmaceuticals 0.65% (for fresh application) Bajaj Finance Ltd Finance 2.13% Shree Cements Ltd Cement & Cement 0.65% On stockExchange -1 unit Bharti Airtel Ltd Telecom - Services 2.05% Products Direct with mutual fund - 50,000 unit and in multiples Asian Paints Ltd Consumer Non 1.79% UPL Ltd Pesticides 0.60% Tata Consumer Products Ltd Consumer Non 0.59% thereof Durables HCL Technologies Ltd Software 1.67% Durables Load Structure (as % of NAV) Maruti Suzuki India Ltd Auto 1.43% Hero Motocorp Ltd Auto 0.59% Mahindra & Mahindra Ltd Auto 1.25% Eicher Motors Ltd Auto 0.57% Entry Load: Not Applicable Ultratech Cement Ltd Cement & Cement 1.23% Bharat Petroleum Petroleum Products 0.54% Exit Load: Nil Products Corporation Ltd Portfolio Details Titan Company Ltd Consumer Durables 1.02% SBI Life Insurance Company Ltd Insurance 0.54% SUN Pharmaceuticals Pharmaceuticals 1.02% Oil & Natural Gas Oil 0.53% Top 10 Stocks 60.28% Industries Ltd Corporation Ltd Coal India Ltd Minerals / Mining 0.40% Top 5 Sectors 73.90% Wipro Ltd Software 0.97% Tata Steel Ltd Ferrous Metals 0.96% Indian Oil Corporation Ltd Petroleum Products 0.36% Tech Mahindra Ltd Software 0.96% Sub-Total 99.83% Expense Ratio Grasim Industries Ltd Cement & Cement 0.91% Non Convertible Debentures Products Britannia Industries Ltd AAA 0.01% Direct Plan 0.12% Bajaj Finserv Ltd Insurance 0.90% Sub-Total 0.01% Nestle India Ltd Consumer Non 0.89% *TREPS/Reverse Repo/Net current assets 0.19% Fund Size (as on March 31, 2021 ) Durables Grand Total 100.00% Tata Motors Ltd Auto 0.87% ` Monthly Average AUM 16.10 Crore *TREPS : Tri-party repo dealing system Month End AUM ` 15.95 Crore

NAV of Plans / Options Per Unit Sectoral Allocation Indiabulls Nifty50 Exchange Traded Fund- ` 151.1678 Data as on 31st March 2021

Exchange Listed on 26.31% 28.00% NSE 24.00% 20.00% 16.86% code - IBMFNIFTY 16.00% 11.07% 10.21% 12.00% 9.45% 9.42% 8.00% 5.46% 3.26% 2.79% 2.71% 2.29% 4.00% 0.00%

Auto

ables

Other

Banks

Project

Finance

ceuticals

Software

Products

Products

Insurance

Consumer

Petroleum

Construction

Non Dur

Pharma

Cement & Cement

Riskometer

This product is suitable for investors who are seeking*

Ÿ Longterm capital appreciation Ÿ Investmentin securities covered by Nifty 50 Index Ÿ VeryHigh Risk

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st March 2021 17 Indiabulls Nifty50 Exchange Traded Fund Exchange Traded Fund

Data as on 31st March 2021

Performance Report (Regular Plan) Data as on 31st March 2021 Scheme Benchmark*

Period Returns Value of Returns Value of (%) Rs. 10,000 (%) Rs. 10,000 invested invested 1 Year 72.6198 17,261.98 72.5352 17,253.52 3 Years NA NA NA NA 5 Years NA NA NA NA Since Inception 14.0396 12,870.00 13.7124 12,799.16

*NIFTY50-TRI Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Direct Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

Data as on 31st March 2021 18 Performance Report (Direct Plan)

Data as on 31st March 2021

Indiabulls Overnight Fund* Scheme CRISIL Overnight Index# CRISIL 1 Yr T-Bill Index## Period Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested 7 days 3.1747 10,006.09 3.2794 10,006.29 3.9121 10,007.50 15 days 3.1509 10,012.95 3.2775 10,013.47 4.1282 10,016.97 30 days 3.1200 10,026.50 3.2540 10,027.64 4.3620 10,037.05 1 Year 2.9553 10,295.53 3.0796 10,307.96 4.6614 10,466.14 Since Inception 3.8306 10,672.53 3.8820 10,681.68 5.8668 11,037.52

Indiabulls Liquid Fund Scheme CRISIL Liquid Fund Index# CRISIL 1 Yr T-Bill Index## Period Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested 7 days 3.2386 10,006.21 3.6867 10,007.07 3.9121 10,007.50 15 days 3.2483 10,013.35 3.9375 10,016.18 4.1282 10,016.97 30 days 2.9242 10,024.84 3.5860 10,030.46 4.3620 10,037.05 1 Year 3.4505 10,345.05 4.0697 10,406.97 4.6614 10,466.14 3 Years 5.7077 11,813.71 6.0124 11,916.25 6.4832 12,075.84 5 Years 6.3121 13,582.73 6.3979 13,637.63 6.5036 13,705.56 Since Inception 7.3526 17,954.88 7.3288 17,922.11 6.8942 17,332.15

Indiabulls Short Term Fund Scheme CRISIL Short Term Bond Fund Index# CRISIL 1 Yr T-Bill Index## Period Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested 1 Year 6.3579 10,635.79 7.8042 10,780.42 3.6046 10,360.46 3 Years 6.8830 12,212.50 8.3803 12,733.49 8.2523 12,688.35 5 Years 7.4088 14,298.30 8.0789 14,750.20 7.1715 14,140.96 Since Inception 8.4850 18,495.41 8.6355 18,690.04 7.7517 17,572.12

Indiabulls Blue Chip Fund Scheme NIFTY 50-TRI# S&P BSE SENSEX-TRI## Period Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested 1 Year 56.2084 15,620.84 72.5352 17,253.52 69.8172 16,981.72 3 Years 9.8904 13,273.67 14.6187 15,063.59 15.8601 15,558.84 5 Years 13.8612 19,144.02 15.1218 20,228.10 15.7347 20,772.68 Since Inception 12.3331 26,092.59 12.8536 27,106.48 13.3128 28,029.47

Indiabulls Value Fund Scheme S&P BSE 500-TRI# Nifty 50-TRI## Period Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested 1 Year 64.9665 16,496.65 78.6265 17,862.65 72.5352 17,253.52 3 Years 4.5980 11,445.21 12.9291 14,406.61 14.6187 15,063.59 5 Years 10.6860 16,618.23 15.3993 20,473.24 15.1218 20,228.10 Since Inception 8.5190 15,760.40 13.9846 20,716.39 13.7083 20,438.49

Indiabulls Tax Savings Fund^ Scheme S&P BSE 500-TRI# NIFTY 50-TRI## Period Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested 1 Year 59.4203 15,942.03 78.6265 17,862.65 72.5352 17,253.52 3 Years 7.6774 12,487.10 12.9291 14,406.61 14.6187 15,063.59 Since Inception 6.0263 12,100.00 10.1144 13,686.99 12.3093 14,595.90

Indiabulls Arbitrage Fund Scheme NIFTY 50 Arbitrage Index# CRISIL 1 Yr T-Bill Index## Period Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested 1 Year 2.7015 10,270.15 2.3350 10,233.50 4.6614 10,466.14 3 Years 5.0957 11,609.53 4.5808 11,439.55 6.4832 12,075.84 5 Years 5.8734 13,304.62 4.8328 12,663.13 6.5036 13,705.56 Since Inception 6.4146 14,780.90 5.3655 13,888.60 6.8210 15,139.29

###Benchmark, Additional Benchmark. *The Scheme is in existence for more than 1 year but less than 3 years. ^ The scheme is in existence for more than 3 years but less than 5 years. Returns shown for 7 days, 15 days and 30 days are computed only for Indiabulls Liquid Scheme on Simple Annualised basis. Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Direct Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

Data as on 31st March 2021 19 Performance Report (Direct Plan)

Data as on 31st March 2021

Indiabulls Savings Income Fund Scheme CRISIL Hybrid 75+25 - Conservative Index# CRISIL 10 Year Gilt Index## Period Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested 1 Year 16.3803 11,638.03 22.7569 12,275.69 3.6046 10,360.46 3 Years 7.8135 12,534.57 10.8161 13,612.29 8.2523 12,688.35 5 Years 10.3277 16,350.82 10.7436 16,661.50 7.1715 14,140.96 Since Inception 10.0693 16,678.00 10.3501 16,906.06 7.4523 14,669.90 Indiabulls Dynamic Bond Fund* Scheme CRISIL Composite Bond Fund Index# CRISIL 10 Year Gilt Index## Period Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested 1 Year 6.3203 10,632.03 7.6927 10,769.27 3.6046 10,360.46 Since Inception 8.0029 11,956.07 10.0224 12,481.28 8.5451 12,095.81

Indiabulls Equity Hybrid Fund* Scheme CRISIL Hybrid 35+65 -Aggressive Index# NIFTY 50-TRI## Period Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested Returns(%) Value of Rs. 10,000 invested 1 Year 52.1742 15,217.42 49.7526 14,975.26 72.5352 17,253.52 Since Inception 14.5411 13,662.50 14.8206 13,739.27 15.6878 13,978.96

###Benchmark, Additional Benchmark. *The Scheme is in existence for more than 1 year but less than 3 years. ^ The scheme is in existence for more than 3 years but less than 5 years. Returns shown for 7 days, 15 days and 30 days are computed only for Indiabulls Liquid Scheme on Simple Annualised basis. Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of Direct Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.21 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may not be sustained in future.

Data as on 31st March 2021 20 PERFORMANCE DISCLOSURE

March 2021

Disclosure on performance of other schemes managed by the fund manager (Data as on 31st March 2021)

1 year 3 years 5 years Period Scheme Benchmark Scheme Benchmark Scheme Benchmark return % return (%) return % return (%) return % return (%)

Funds Managed by Mr. Rajeev Desai

Indiabulls Blue Chip Fund-Regular Plan 53.7986 72.5352 8.2602 14.6187 12.1026 15.1218 Indiabulls Blue Chip Fund-Direct Plan 56.2084 72.5352 9.8904 14.6187 13.8612 15.1218 Funds Managed by Mr. Rajeev Desai & Mr. Karan Singh

Indiabulls Value Fund-Regular Plan 61.0843 78.6265 2.8139 12.9291 8.5785 15.3993 Indiabulls Value Fund-Direct Plan 64.9665 78.6265 4.5980 12.9291 10.6860 15.3993 Indiabulls Nifty50 Exchange Traded Fund 72.6198 72.5352 NA NA NA NA Indiabulls Tax Savings Fund-Regular Plan 54.4474 78.6265 5.8555 12.9291 NA NA Indiabulls Tax Savings Fund-Direct Plan 59.4203 78.6265 7.6774 12.9291 NA NA Indiabulls Savings Income Fund-Regular Plan 14.2052 22.7569 6.1177 10.8161 8.6752 10.7436 Indiabulls Savings Income Fund-Direct Plan 16.3803 22.7569 7.8135 10.8161 10.3277 10.7436 Indiabulls Equity Hybrid Fund -Regular Plan 49.1728 49.7526 NA NA NA NA Indiabulls Equity Hybrid Fund -Direct Plan 52.1742 49.7526 NA NA NA NA Indiabulls Arbitrage Fund-Regular Plan 1.9858 2.3350 4.4899 4.5808 5.2637 4.8328 Indiabulls Arbitrage Fund-Direct Plan 2.7015 2.3350 5.0957 4.5808 5.8734 4.8328

Funds Managed by Mr. Karan Singh

Indiabulls Liquid Fund-Regular Plan 3.3464 4.0697 5.6018 6.0124 6.2054 6.3979 Indiabulls Liquid Fund-Direct Plan 3.4505 4.0697 5.7077 6.0124 6.3121 6.3979 IIndiabulls Dynamic Bond Fund-Regular Plan 5.7693 7.6927 NA NA NA NA IndiabullsDynamicBondFund-DirectPlan 6.3203 7.6927 NA NA NA NA IndiabullsShortTermFund-RegularPlan 4.9559 7.8042 5.6417 8.3803 6.2282 8.0789 Indiabulls Short Term Fund-Direct Plan 6.3579 7.8042 6.8830 8.3803 7.4088 8.0789 Indiabulls Overnight fund-Regular Plan 2.8523 3.0796 NA NA NA NA Indiabulls Overnight fund-Direct Plan 2.9553 3.0796 NA NA NA NA

Note: Indiabulls Dynamic Bond Fund, Indiabulls Equity Hybrid Fund, Indiabulls Nifty50 Exchange Traded Fund, Indiabulls Overnight Fund are in existence for more than 1 year but less than 3 years Indiabulls Tax Savings Fund is in existence for more than 3 years but less than 5 years NA - Not Applicable Returns above are Compounded Annualised Growth Returns (CAGR). Past performance may or may not be sustained in future. All returns are for Growth Option only.

Benchmark Details: Fund Name Benchmark Indiabulls Blue Chip Fund NIFTY 50 TRI Indiabulls Nifty50 Exchange Traded Fund Indiabulls Value Fund S&P BSE 500-TRI Indiabulls Tax Savings Fund Indiabulls Savings Income Fund CRISIL Hybrid 75+25 - Conservative Index Indiabulls Arbitrage Fund NIFTY 50 Arbitrage Index Indiabulls Liquid Fund CRISIL Liquid Fund Index Indiabulls Short Term Fund CRISIL Short Term Bond Fund Index Indiabulls Dynamic Bond Fund CRISIL Composite Bond Fund Index Indiabulls Equity Hybrid Fund CRISIL Hybrid 35+65 - Aggressive Index Indiabulls Overnight Fund CRISIL Overnight Index

Data as on 31st March 2021 21 IDCW History

March 2021 Retail Investor Corporate INDIABULLS LIQUID FUND - MONTHLY IDCW OPTION INDIABULLS LIQUID FUND - MONTHLYIDCW OPTION NAV (in` ) ` NAV (in` ) ` Record Date Face Value (in` ) IDCW/Unit (in ) Record Date Face Value (in` ) IDCW/Unit (in ) Regular DirectRegular Direct Regular DirectRegular Direct 01-03-2021 1,0001000.8672 1029.3614 2.6973 2.8589 01-03-2021 1,0001000.8672 1029.3614 2.6973 2.8589 01-02-2021 1,0001000.8672 1029.3614 3.5952 3.7837 01-02-2021 1,0001000.8672 1029.3614 3.5952 3.7837 01-01-2021 1,0001000.8672 1029.3614 2.4012 2.5544 01-01-2021 1,0001000.8672 1029.3614 2.4012 2.5544

INDIABULLS SHORT TERM FUND - MONTHLY IDCW OPTION INDIABULLS SHORT TERM FUND - MONTHLYIDCW OPTION NAV (in` ) ` NAV (in` ) ` Record Date Face Value (in` ) IDCW/Unit (in ) Record Date Face Value (in` ) IDCW/Unit (in ) Regular DirectRegular Direct Regular DirectRegular Direct 25-03-2021 1,000 NA 1016.4932NA 2.8319 25-03-2021 1,000 NA 1016.4932 NA 2.8319 25-01-2021 1,000 NA 1014.3051 NA 0.2822 25-01-2021 1,000 NA 1014.3051 NA 0.2822 28-12-2020 1,000 1020.5354 1015.8012 0.5681 1.7668 28-12-2020 1,000 1020.5354 1015.8012 0.5681 1.7668

INDIABULLS ARBITRAGE FUND - MONTHLY IDCW OPTION INDIABULLS ARBITRAGE FUND - MONTHLYIDCW OPTION NAV (in` ) ` NAV (in` ) ` Record Date Face Value (in` ) IDCW/Unit (in ) Record Date Face Value (in` ) IDCW/Unit (in ) Regular DirectRegular Direct Regular DirectRegular Direct 28-04-2020 10.0010.5276 10.6498 0.0550 0.0550 28-04-2020 10.0010.5276 10.6498 0.0550 0.0550 24-02-2020 10.0010.5048 10.6131 0.0487 0.0487 24-02-2020 10.0010.5048 10.6131 0.0487 0.0487 22-01-2020 10.00 10.4951 10.5975 0.0487 0.0487 22-01-2020 10.00 10.4951 10.5975 0.0487 0.0487

INDIABULLS ARBITRAGE FUND - HALF YEARLYIDCW OPTION INDIABULLS ARBITRAGE FUND - HALF YEARLYIDCW OPTION NAV (in` ) ` NAV (in` ) ` Record Date Face Value (in` ) IDCW/Unit (in ) Record Date Face Value (in` ) IDCW/Unit (in ) Regular DirectRegular Direct Regular DirectRegular Direct 22-03-2018 10.00 NA 10.6987 NA 0.6751 22-03-2018 10.00 NA 10.6987 NA 0.6751

INDIABULLS BLUE CHIP FUND -MONTHLY OPTION INDIABULLS BLUE CHIP FUND - MONTHLY OPTION NAV (in` ) ` NAV (in` ) ` Record Date Face Value (in` ) IDCW/Unit (in ) Record Date Face Value (in` ) IDCW/Unit (in ) Regular DirectRegular Direct Regular DirectRegular Direct 22-03-2018 10.00 11.6200 NA 3.9100 NA 22-03-2018 10.00 11.6200 NA 3.9100 NA 17-06-2017 10.00 10.9000* 11.0700* 1.7500 5.2500 17-06-2017 10.00 15.8316 16.6427 1.7500 5.2500 23-03-2016 10.00 13.8200 14.4600 1.9000 2.2500 23-03-2016 10.00 13.8200 14.4600 1.9000 2.2500

INDIABULLS SAVINGS INCOME FUND - MONTHLY IDCW OPTION INDIABULLS SAVINGS INCOME FUND - MONTHLYIDCW OPTION NAV (in` ) ` NAV (in` ) ` Record Date Face Value (in` ) IDCW/Unit (in ) Record Date Face Value (in` ) IDCW/Unit (in ) Regular DirectRegular Direct Regular DirectRegular Direct 25-03-2021 10.0010.8719 11.7854 0.1000 0.1000 25-03-2021 10.00 10.8719 11.7854 0.1000 0.1000 25-02-2021 10.00 11.1860 12.0999 0.1000 0.1000 25-02-2021 10.00 11.1860 12.0999 0.1000 0.1000 25-01-2021 10.00 10.9264 11.7775 0.1000 0.1000 25-01-2021 10.00 10.9264 11.7775 0.1000 0.1000

INDIABULLS DYNAMIC BOND FUND - MONTHLY IDCW OPTION INDIABULLS DYNAMIC BOND FUND - MONTHLYIDCW OPTION NAV (in` ) ` NAV (in` ) ` Record Date Face Value (in` ) IDCW/Unit (in ) Record Date Face Value (in` ) IDCW/Unit (in ) Regular DirectRegular Direct Regular DirectRegular Direct 25-03-20211,000 1006.2027 1007.4712 0.5637 1.8401 25-03-2021 1,000 1006.2027 1007.4712 0.5637 1.8401 28-12-2020 1,000 1008.0854 1008.5497 1.8736 2.3483 28-12-2020 1,000 1008.0854 1008.5497 1.8736 2.3483 25-11-2020 1,000 1015.9790 1016.4342 9.7781 10.2391 25-11-2020 1,000 1015.9790 1016.4342 9.7781 10.2391

INDIABULLS OVERNIGHT FUND - MONTHLYIDCW OPTION INDIABULLS OVERNIGHT FUND - MONTHLYIDCW OPTION NAV (in` ) ` NAV (in` ) ` Record Date Face Value (in` ) IDCW/Unit (in ) Record Date Face Value (in` ) IDCW/Unit (in ) Regular DirectRegular Direct Regular DirectRegular Direct 01-03-20211,000 1000.7333 1000.7440 2.1998 2.2281 01-03-2021 1,000 1000.7333 1000.7440 2.1998 2.2281 01-02-2021 1,000 1000.8166 1000.9084 2.4496 2.7226 01-02-2021 1,000 1000.8166 1000.9084 2.4496 2.7226 01-01-2021 1,000 1000.7906 1000.8962 2.3719 2.6860 01-01-2021 1,000 1000.7906 1000.8962 2.3719 2.6860

INDIABULLS VALUE FUND - MONTHLY OPTION |No IDCW has been declared in this scheme *The record date being a non-business day, the NAV is shown of the earlier business day i.e. June 16, 2017. For all above, Pursuant to payment of IDCW, the NAV of the scheme will fall to the extent of IDCW distribution and statutory levy (if any). Past performance may or may not be sustained in future.

Data as on 31st March 2021 22 NOTES MUTUAL FUND

Indiabulls Asset Management Company Limited CIN: U65991DL2008PLC176627 Registered Office: M - 62 & 63, 1st Floor, Connaught Place, New Delhi - 110 001. Tel: (011) 3025 2900; Fax: (011) 3025 2901 Corporate Office: 4th Floor, Tower 1, One International Centre (Earlier known as Indiabulls Finance Centre),Prabhadevi (W), Mumbai 400 013. Phone: 022-2689 1373; Fax: (022) 6189 1320 Email:[email protected] / Website: www.indiabullsamc.com Follow us on: /indiabullsamc /indiabullsamc /company/indiabulls-asset-management AMC Branches: Mumbai: 4th Floor, Tower 1, One International Centre (Earlier known as Indiabulls Finance Centre),Prabhadevi (W), Mumbai 400 013. Phone: 022-2689 1373 New Delhi: M - 62 & 63, 1st Floor, Connaught Place, New Delhi - 110 001. Tel: (011) 3015 6974. Disclaimer: The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds managed by the Indiabulls Asset Management Company is not necessarily indicative of future performance of the scheme/s. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability of distributable surplus and at the sole discretion of trustees. The views expressed herein represents general market outlook and purely represent the views of the author. This document shall not be deemed to constitute any offer to sell the schemes of Indiabulls Asset Management Company. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme. ^^Infomerics’ Mutual Fund rating is not a recommendation to buy, sell, or hold a security / fund. It neither comments on the current market price, suitability for a particular investor nor on the prospective performance of the fund with respect to appreciation, volatility of net asset value (NAV), or yield of the fund. The ratings are based on current information furnished to Infomerics by the fund or obtained by Infomerics from sources it considers reliable. Infomerics does not, however, guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Infomerics does not perform an audit in connection with any rating and may, on certain occasions, rely on. The ratings may be changed, suspended, or withdrawn as a result of changes in, or non-availability of, such information, or based on other circumstances / information. Funds rated by Infomerics have paid a rating fee. ^^^Disclaimer by the National Stock Exchange of India Limited: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the 'Disclaimer Clause of NSE. ^^^Disclaimer of NSE Indices Limited: Indiabulls Nifty50 Exchange Traded Fund offered by Indiabulls Mutual Fund is not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited (IISL)). NSE INDICES LIMITED does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of “Indiabulls Nifty50 Exchange Traded Fund” or any member of the public regarding the advisability of investing in securities generally or in “Indiabulls Nifty50 Exchange Traded 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 in the Scheme Information Document.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.