List of CRISIL Indices – Objectives and Inception Dates

CRISIL Indices Factsheet

February 15, 2019

Table of Contents

Constituent Details – 15 February 2019 ...... 3 Portfolio Parameters – 01 February 2019 ...... 16 Composite Index Weights ...... 18 Features and Methodology ...... 23 List of CRISIL Indices – Objectives and Inception Dates ...... 31

Constituent Details – 15 February 2019

The securities that would form a part of the indices with effect from 15 February 2019 are as follows:

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights Housing Development Finance 1 INE001A07RK0 Corporation Ltd. 29-Nov-28 9.00% 10.00% 2 INE002A08567 Reliance Industries Ltd. 11-Dec-28 8.65% 10.00% Rural Electrification Corporation 3 INE020B08BG8 Ltd. 29-Nov-28 8.56% 10.00% Housing & Urban Development 4 INE031A08616 Corporation Ltd. 12-Nov-28 8.60% 5.51% Indian Railway Finance 5 INE053F07AY7 Corporation Ltd. 4-Dec-28 8.45% 10.00% CRISIL AAA 6 INE115A07NP6 LIC Housing Finance Ltd. 8-Dec-28 8.75% 10.00% Long Term Bond Index 7 INE134E08JR1 Power Finance Corporation Ltd. 18-Nov-28 8.67% 10.00% National Bank for Agriculture & 8 INE261F08AX6 Rural Development 26-Dec-28 8.18% 10.00% 9 INE514E08FE0 Export Import Bank Of India 23-Jun-31 8.25% 6.13% Power Grid Corporation of India 10 INE752E07OH3 Ltd. 6-Jan-29 8.36% 10.00% India Infrastructure Finance Co. 11 INE787H09053 Ltd. 8-Apr-24 8.10% 3.87% Jamnagar Utilities & Power Pvt. 12 INE936D07075 Ltd. 2-Aug-24 9.75% 4.49% Housing Development Finance 1 INE001A07RJ2 Corporation Ltd. 20-Nov-23 9.05% 10.00% 2 INE002A08500 Reliance Industries Ltd. 8-Nov-22 7.17% 10.00% Rural Electrification Corporation 3 INE020B08BF0 Ltd. 22-Mar-22 8.45% 10.00% 4 INE110L07096 Reliance Jio Infocomm Ltd. 14-Apr-23 8.00% 7.82% 5 INE115A07NO9 LIC Housing Finance Ltd. 8-Dec-23 8.75% 10.00% CRISIL AAA 6 INE134E08JB5 Power Finance Corporation Ltd. 10-Jun-22 7.28% 10.00% Medium Term Dewan Housing Finance Bond Index 7 INE202B07JA0 Corporation Ltd. 4-Jun-23 9.00% 10.00% National Bank for Agriculture & 8 INE261F08AT4 Rural Development 31-Jan-23 8.50% 10.00% Tata Capital Financial Services 9 INE306N07KK1 Ltd. 19-Dec-23 9.25% 5.88% 10 INE514E08AX1 Export Import Bank Of India 11-May-22 9.30% 7.41% National Highways Authority of 11 INE906B07FG1 India 18-Mar-22 7.60% 8.90% Housing Development Finance CRISIL AAA 1 INE001A07RE3 Corporation Ltd. 20-Mar-19 7.90% 10.00% Short Term Rural Electrification Corporation Bond Index 2 INE020B08AV9 Ltd. 13-Mar-20 7.59% 10.00%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights Indian Railway Finance 3 INE053F07AK6 Corporation Ltd. 15-Mar-21 7.65% 9.02% 4 INE115A07NQ4 LIC Housing Finance Ltd. 24-Dec-20 8.80% 10.00% 5 INE134E08HO2 Power Finance Corporation Ltd. 29-Jun-19 8.50% 10.00% National Bank for Agriculture & 6 INE261F08AK3 Rural Development 31-Jan-20 8.50% 10.00% 7 INE296A07LN3 Bajaj Finance Ltd. 19-Jul-19 8.48% 8.92% Tata Capital Financial Services 8 INE306N07JF3 Ltd. 10-Apr-19 7.95% 5.35% Small Industries Development 9 INE556F08JI1 Bank Of India 25-Jan-22 8.81% 10.00% Power Grid Corporation of India 10 INE752E07LP2 Ltd. 4-Sep-19 9.30% 5.17% 11 INE756I07BK6 HDB Financial Services Ltd. 19-Jun-20 7.55% 6.90% 12 INE916DA7OA5 Kotak Mahindra Prime Ltd. 29-May-19 7.76% 4.64% 1 INE013A073H9 Reliance Capital Ltd. 2-Nov-26 8.85% 10.00% The Great Eastern Shipping Co. 2 INE017A08243 Ltd. 31-May-25 8.70% 9.79% Cholamandalam Investment & 3 INE121A08OH7 Finance Co. Ltd. 23-Aug-28 9.75% 10.00% 4 INE530L07228 Edelweiss Housing Finance Ltd. 19-Jul-26 10.00% 3.95% CRISIL AA and 5 INE535H08728 Fullerton India Credit Co. Ltd. 8-Jun-28 9.30% 4.50% AA+ Long 6 INE540P07079 U. P. Power Corporation Ltd. 15-Feb-24 8.97% 10.00% Term Bond 7 INE651J07622 JM Financial Credit Solutions Ltd. 7-Jun-28 9.75% 10.00% Index 8 INE688I08178 IDFC Bank Ltd. 24-Aug-27 8.25% 8.20% Shriram Transport Finance Co. 9 INE721A07NX5 Ltd. 12-Jul-28 9.40% 10.00% INE774D07KW Mahindra & Mahindra Financial 10 6 Services Ltd. 23-Jan-25 8.79% 10.00% 11 INE804I079Y6 ECL Finance Ltd. 6-Aug-28 9.85% 10.00% 12 INE957N08045 Hero Fincorp Ltd. 24-Nov-28 9.81% 3.55% 1 INE038A07258 Hindalco Industries Ltd. 25-Apr-22 9.55% 10.00% 2 INE155A08340 Tata Motors Ltd. 22-Jun-22 7.50% 10.00% 3 INE295J08014 Coastal Gujarat Power Ltd. 25-Aug-23 9.70% 10.00% 4 INE414G07CN8 Muthoot Finance Ltd. 19-Apr-23 9.00% 10.00% CRISIL AA and 5 INE540P07061 U. P. Power Corporation Ltd. 15-Feb-23 8.97% 10.00% AA+ Medium 6 INE572E09619 PNB Housing Finance Ltd. 30-Aug-22 9.00% 10.00% Term Bond 7 INE651J07648 JM Financial Credit Solutions Ltd. 13-Jun-22 10.00% 10.00% Index Shriram Transport Finance Co. 8 INE721A07OJ2 Ltd. 15-Apr-22 9.85% 10.00% Mahindra & Mahindra Financial 9 INE774D07SQ1 Services Ltd. 29-Mar-22 0.00% 10.00% 10 INE818F07039 Kerala Financial Corporation 4-Apr-23 8.69% 10.00%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights 1 INE092T08DT8 IDFC Bank Ltd. 27-Dec-19 8.15% 4.40% Cholamandalam Investment & 2 INE121A07OO5 Finance Co. Ltd. 10-Feb-20 8.85% 9.20% 3 INE155A08225 Tata Motors Ltd. 1-Oct-20 9.73% 10.00% 4 INE205A07105 Vedanta Ltd. 29-Nov-19 7.50% 10.00% 5 INE414G07CV1 Muthoot Finance Ltd. 1-Feb-21 9.50% 10.00% CRISIL AA and 6 INE572E09510 PNB Housing Finance Ltd. 19-Mar-19 7.10% 10.00% AA+ Short 7 INE909H07CR6 Tata Motors Finance Ltd. 12-Mar-19 0.00% 10.00% Term Bond Edelweiss Commodities Services Index 8 INE657N07415 Ltd. 25-Oct-19 8.40% 3.39% 9 INE660A07OC7 Sundaram Finance Ltd. 13-Sep-19 8.00% 10.00% Sundaram BNP Paribas Home 10 INE667F07FY3 Finance Ltd. 17-May-19 8.71% 3.00% Shriram Transport Finance Co. 11 INE721A07NV9 Ltd. 12-Jul-21 9.10% 10.00% Mahindra & Mahindra Financial 12 INE774D07SK4 Services Ltd. 17-Mar-20 9.34% 10.00% 1 INE013A073H9 Reliance Capital Ltd. 2-Nov-26 8.85% 12.50% 2 INE528G08410 Yes Bank 15-Sep-28 9.12% 12.50% 3 INE530L07228 Edelweiss Housing Finance Ltd. 19-Jul-26 10.00% 12.50% CRISIL AA 4 INE540P07079 U. P. Power Corporation Ltd. 15-Feb-24 8.97% 12.50% Long Term Bond Index 5 INE651J07622 JM Financial Credit Solutions Ltd. 7-Jun-28 9.75% 12.50% 6 INE804I079Y6 ECL Finance Ltd. 6-Aug-28 9.85% 12.50% 7 INE818F07054 Kerala Financial Corporation 4-Apr-25 8.69% 12.50% 8 INE909H08204 Tata Motors Finance Ltd. 26-Sep-24 10.35% 12.50% 1 INE038A07258 Hindalco Industries Ltd. 25-Apr-22 9.55% 10.00% 2 INE115D07019 NTPC-SAIL Power Co. Ltd. 11-Jul-22 7.72% 10.00% 3 INE155A08340 Tata Motors Ltd. 22-Jun-22 7.50% 10.00% 4 INE295J08014 Coastal Gujarat Power Ltd. 25-Aug-23 9.70% 10.00% CRISIL AA 5 INE414G07CN8 Muthoot Finance Ltd. 19-Apr-23 9.00% 10.00% Medium Term Bond Index 6 INE540P07061 U. P. Power Corporation Ltd. 15-Feb-23 8.97% 10.00% 7 INE651J07648 JM Financial Credit Solutions Ltd. 13-Jun-22 10.00% 10.00% 8 INE722A07851 Shriram City Union Finance Ltd. 4-Apr-22 0.00% 10.00% 9 INE804I077Y0 ECL Finance Ltd. 6-Aug-23 9.65% 10.00% 10 INE818F07039 Kerala Financial Corporation 4-Apr-23 8.69% 10.00% 1 INE081A08124 Tata Steel Ltd. 15-May-19 10.40% 3.64% 2 INE155A08225 Tata Motors Ltd. 1-Oct-20 9.73% 10.00% CRISIL AA 3 INE205A07105 Vedanta Ltd. 29-Nov-19 7.50% 10.00% Short Term 4 INE414G07CV1 Muthoot Finance Ltd. 1-Feb-21 9.50% 10.00% Bond Index 5 INE477L07925 IIFL Home Finance Ltd. 6-Apr-20 0.00% 2.95% 6 INE528G08147 Yes Bank 22-Jan-20 9.65% 5.80% 7 INE548V07047 Nuvoco Vistas Corporation Ltd. 14-Sep-21 8.66% 10.00%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights 8 INE909H07CR6 Tata Motors Finance Ltd. 12-Mar-19 0.00% 10.00% 9 INE651J07580 JM Financial Credit Solutions Ltd. 7-Aug-21 9.25% 7.61% Edelweiss Commodities Services 10 INE657N07415 Ltd. 25-Oct-19 8.40% 10.00% 11 INE694L07099 Talwandi Sabo Power Ltd. 20-Sep-19 7.75% 10.00% 12 INE804I074Z4 ECL Finance Ltd. 11-Dec-20 0.00% 10.00% The Great Eastern Shipping Co. 1 INE017A08243 Ltd. 31-May-25 8.70% 12.50% 2 INE688I08178 IDFC Bank Ltd. 24-Aug-27 8.25% 12.50% Cholamandalam Investment & 3 INE121A08OH7 Finance Co. Ltd. 23-Aug-28 9.75% 12.50% CRISIL AA+ 4 INE535H08728 Fullerton India Credit Co. Ltd. 8-Jun-28 9.30% 12.50% Long Term Bond Index 5 INE660A08BZ3 Sundaram Finance Ltd. 24-Nov-28 9.75% 12.50% Shriram Transport Finance Co. 6 INE721A07NX5 Ltd. 12-Jul-28 9.40% 12.50% INE774D07KW Mahindra & Mahindra Financial 7 6 Services Ltd. 23-Jan-25 8.79% 12.50% 8 INE957N08045 Hero Fincorp Ltd. 24-Nov-28 9.81% 12.50% The Great Eastern Shipping Co. 1 INE017A08193 Ltd. 18-Jan-23 9.70% 14.29% 2 INE084A08045 Bank of India 30-Sep-23 9.80% 14.29% 3 INE535H08660 Fullerton India Credit Co. Ltd. 25-Apr-23 9.30% 14.29% CRISIL AA+ Medium Term 4 INE572E09619 PNB Housing Finance Ltd. 30-Aug-22 9.00% 14.29% Bond Index 5 INE688I07659 IDFC Bank Ltd. 14-Jul-22 8.25% 14.29% Shriram Transport Finance Co. 6 INE721A07OJ2 Ltd. 15-Apr-22 9.85% 14.29% Mahindra & Mahindra Financial 7 INE774D07SQ1 Services Ltd. 29-Mar-22 0.00% 14.29% 1 INE092T08DT8 IDFC Bank Ltd. 27-Dec-19 8.15% 10.00% Cholamandalam Investment & 2 INE121A07OO5 Finance Co. Ltd. 10-Feb-20 8.85% 10.00% Piramal Capital & Housing 3 INE140A07245 Finance Ltd. 19-Jul-19 0.00% 10.00% 4 INE535H07944 Fullerton India Credit Co. Ltd. 22-Mar-19 7.97% 6.01% CRISIL AA+ 5 INE572E09510 PNB Housing Finance Ltd. 19-Mar-19 7.10% 10.00% Short Term 6 INE660A07OC7 Sundaram Finance Ltd. 13-Sep-19 8.00% 10.00% Bond Index Sundaram BNP Paribas Home 7 INE667F07FY3 Finance Ltd. 17-May-19 8.71% 10.00% Shriram Transport Finance Co. 8 INE721A07NV9 Ltd. 12-Jul-21 9.10% 10.00% Mahindra & Mahindra Financial 9 INE774D07SK4 Services Ltd. 17-Mar-20 9.34% 10.00% Mahindra Rural Housing Finance 10 INE950O07180 Ltd. 27-Jun-19 7.73% 3.99%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights 11 INE957N07286 Hero Fincorp Ltd. 11-Apr-19 0.00% 10.00% 1 INE168A08046 The Jammu & Kashmir Bank Ltd. 27-Dec-24 9.25% 16.67% 2 INE245A08133 Tata Power Co. Ltd. 15-Nov-24 7.99% 16.67% CRISIL AA- Karnataka State Financial Long Term 3 INE549F08509 Corporation 18-Oct-24 9.24% 16.67% Bond Index 4 INE705A08037 Vijaya Bank 30-Oct-24 9.15% 16.67% 5 INE881J07FK1 SREI Equipment Finance Ltd. 25-May-28 9.25% 16.67% 6 INE949L08418 AU Small Finance Bank Ltd. 30-May-25 10.90% 16.67% CRISIL AA- 1 INE201P07169 G. R. Infraprojects Ltd. 13-May-22 9.68% 33.33% Medium Term 2 INE245A08125 Tata Power Co. Ltd. 16-Nov-23 7.99% 33.33% Bond Index 3 INE587O07271 Altico Capital India Pvt. Ltd. 10-May-22 0.00% 33.33% 1 INE245A08067 Tata Power Co. Ltd. 17-Nov-19 9.48% 10.00% JM Financial Asset 2 INE265J07274 Reconstruction Co. Pvt. Ltd. 15-Sep-21 0.00% 10.00% 3 INE347N08056 Grand View Estates Pvt. Ltd. 28-Mar-19 9.57% 10.00% 4 INE511C07607 Magma Fincorp Ltd. 19-Aug-19 8.99% 5.20% CRISIL AA- 5 INE522D07AB4 Manappuram Finance Ltd. 20-Mar-19 10.05% 6.60% Short Term 6 INE587O07172 Altico Capital India Pvt. Ltd. 29-Dec-19 10.50% 9.44% Bond Index 7 INE660N08045 SD Corporation Pvt. Ltd. 29-Apr-19 9.95% 4.49% 8 INE701Q07083 Adani Infra (India) Ltd. 1-Mar-19 0.00% 10.00% 9 INE778K07035 Emami Infrastructure Ltd. 27-Dec-19 0.00% 6.65% 10 INE786A07336 JK Lakshmi Cement Ltd. 6-Jan-21 8.80% 10.00% 11 INE896L07645 Indostar Capital Finance Ltd. 1-Nov-19 9.88% 7.61% 12 INE990D07304 Krishna Bhagya Jala Nigam Ltd. 30-Sep-21 9.13% 10.00% 1 INE028A08091 Bank of Baroda 22-Mar-22 9.14% 10.00% 2 INE040A08393 HDFC Bank Ltd. 28-Dec-28 8.44% 10.00% 3 INE062A08173 State Bank of India 4-Dec-23 9.56% 10.00% CRISIL 4 INE084A08045 Bank of India 30-Sep-23 9.80% 4.19% Medium to 5 INE090A08UC2 ICICI Bank Ltd. 28-Dec-23 9.90% 10.00% Long Term 6 INE688I08178 IDFC Bank Ltd. 24-Aug-27 8.25% 5.81% Banking Debt 7 INE095A08074 IndusInd Bank Ltd. 18-Apr-22 9.50% 10.00% Index 8 INE238A08401 Axis Bank Ltd. 20-Oct-23 7.60% 10.00% 9 INE476A08035 Canara Bank 5-Mar-25 9.55% 10.00% 10 INE528G08410 Yes Bank 15-Sep-28 9.12% 10.00% 11 INE692A08060 Union Bank Of India 30-Mar-22 9.10% 10.00% Rural Electrification Corporation CRISIL 1 INE020B08BG8 Ltd. 29-Nov-28 8.56% 10.00% Medium to Housing & Urban Development Long Term 2 INE031A08616 Corporation Ltd. 12-Nov-28 8.60% 8.62% PSU Debt Indian Railway Finance Index 3 INE053F07AY7 Corporation Ltd. 4-Dec-28 8.45% 10.00% 4 INE134E08JR1 Power Finance Corporation Ltd. 18-Nov-28 8.67% 10.00%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights National Bank for Agriculture & 5 INE261F08AX6 Rural Development 26-Dec-28 8.18% 10.00% 6 INE514E08AX1 Export Import Bank Of India 11-May-22 9.30% 10.00% 7 INE540P07079 U. P. Power Corporation Ltd. 15-Feb-24 8.97% 10.00% Power Grid Corporation of India 8 INE752E07OH3 Ltd. 6-Jan-29 8.36% 10.00% India Infrastructure Finance Co. 9 INE787H09053 Ltd. 8-Apr-24 8.10% 4.46% 10 INE861G08035 Food Corporation of India 7-Mar-22 9.95% 7.22% National Highways Authority of 11 INE906B07FG1 India 18-Mar-22 7.60% 9.70% 1 INE028A08083 Bank of Baroda 2-Dec-21 8.50% 14.29% 2 INE062A08124 State Bank of India 6-Sep-21 9.00% 14.29% CRISIL Short 3 INE092T08DT8 IDFC Bank Ltd. 27-Dec-19 8.15% 14.29% Term Banking 4 INE238A08427 Axis Bank Ltd. 14-Dec-21 8.75% 14.29% Debt Index 5 INE434A08018 Andhra Bank 22-Aug-21 9.35% 14.29% 6 INE528G08147 Yes Bank 22-Jan-20 9.65% 14.29% 7 INE608A09098 Punjab & Sind Bank 22-Apr-19 11.05% 14.29% Rural Electrification Corporation 1 INE020B08AV9 Ltd. 13-Mar-20 7.59% 10.00% Housing & Urban Development 2 INE031A08574 Corporation Ltd. 12-Jun-19 7.64% 9.88% Indian Railway Finance 3 INE053F07AK6 Corporation Ltd. 15-Mar-21 7.65% 10.00% ONGC Mangalore Petrochemicals 4 INE053T07026 Ltd. 10-Jun-19 8.12% 4.66% 5 INE134E08HO2 Power Finance Corporation Ltd. 29-Jun-19 8.50% 10.00% CRISIL Short National Bank for Agriculture & Term PSU 6 INE261F08AK3 Rural Development 31-Jan-20 8.50% 10.00% Debt Index 7 INE514E08FK7 Export Import Bank Of India 2-Mar-20 7.09% 2.20% Small Industries Development 8 INE556F08JI1 Bank Of India 25-Jan-22 8.81% 10.00% 9 INE557F08FA4 National Housing Bank 15-Mar-19 7.59% 7.54% Power Grid Corporation of India 10 INE752E07LP2 Ltd. 4-Sep-19 9.30% 10.00% National Hydroelectric Power 11 INE848E07AE5 Corporation Ltd. 13-Sep-19 6.91% 5.72% National Highways Authority of 12 INE906B07FE6 India 23-Dec-21 7.17% 10.00% Haryana Vidyut Prasaran Nigam CRISIL A 1 INE535N08056 Ltd. 28-Mar-22 9.83% 2.64% Medium To 2 INE103G08032 Rajasthan Financial Corporation 22-Jan-23 9.24% 2.64% Long Term Bond Index Rajasthan State Road Transport 3 INE700N09013 Corporation 17-Jul-22 9.70% 10.00%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights Rajasthan Rajya Vidyut Prasaran 4 INE572F08071 Nigam Ltd. 28-Mar-23 10.15% 5.98% 5 INE514F07083 Neelachal Ispat Nigam Ltd. 27-Mar-24 11.90% 5.28% Himachal Pradesh State 6 INE220H08016 Electricity Board 29-Mar-23 10.39% 7.93% Rajasthan Rajya Vidyut Utpadan 7 INE891F08018 Nigam Ltd. 24-Dec-26 9.00% 10.00% Chhattisgarh State Power 8 INE512S08013 Distribution Co. Ltd. 26-Mar-35 8.72% 10.00% 9 INE348L08033 MAS Financial Services Ltd. 22-Jun-22 14.00% 1.06% 10 INE560K07128 PTC India Financial Services Ltd. 28-May-25 9.62% 5.64% 11 INE683A08028 South Indian Bank Ltd. 31-Oct-25 10.25% 10.00% Sadbhav Infrastructure Project 12 INE764L07165 Ltd. 27-Jun-22 0.00% 0.66% 13 INE519Q08137 Fincare Small Finance Bank Ltd. 22-Jun-24 11.30% 1.00% 14 INE540P07350 U. P. Power Corporation Ltd. 20-Jan-28 10.15% 9.35% 15 INE818W08032 ESAF Small Finance Bank Ltd. 1-Jun-25 11.50% 1.06% Aptus Value Housing Finance 16 INE852O07022 India Ltd. 15-May-23 9.35% 0.88% Arohan Financial Services Pvt. 17 INE808K08053 Ltd. 30-Sep-25 13.50% 0.09% Andhra Pradesh Capital Region 18 INE01E708057 Development Authority 16-Aug-28 10.32% 5.28% 19 INE016P07146 Vistaar Financial Services Pvt. Ltd. 24-Aug-23 10.50% 1.82% 20 INE735W08020 Utkarsh Small Finance Bank Ltd. 30-Aug-25 10.58% 0.40% SATIN CREDITCARE NETWORK 21 INE836B07402 LTD. 14-Dec-23 11.10% 5.63% 22 INE850M07178 NORTHERN ARC CAPITAL LTD. 20-Dec-23 9.60% 2.64% 1 INE582R07044 Continental Drug Co. Pvt. Ltd. 8-Apr-19 0.00% 4.72% 2 INE423A07195 Adani Enterprises Ltd. 24-Apr-19 10.20% 7.09% 3 INE396P08082 Utkarsh Small Finance Bank Ltd. 16-Jan-20 10.20% 2.36% 4 INE180C07031 Capri Global Capital Ltd. 7-Mar-19 10.25% 0.71% 5 INE124N07093 Ess Kay Fincorp Pvt. Ltd. 17-Jan-20 10.60% 1.65% Belstar Investment & Finance Pvt. CRISIL A Short 6 INE443L07042 Ltd. 17-Jul-20 11.40% 2.36% Term Bond 7 INE540P07285 U. P. Power Corporation Ltd. 20-Jan-21 10.15% 10.00% Index Security & Intelligence Services 8 INE285J07033 (India) Ltd. 13-Apr-21 9.50% 7.09% 9 INE216P07159 Aavas Financiers Ltd. 17-Apr-21 8.90% 0.47% 10 INE252T07057 Xander Finance Pvt. Ltd. 30-Apr-21 9.70% 4.72% Vastu Housing Finance 11 INE459T07058 Corporation Ltd. 27-Feb-21 9.95% 2.83% Sadbhav Infrastructure Project 12 INE764L07181 Ltd. 6-Jun-21 0.00% 8.98%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights 13 INE016P07120 Vistaar Financial Services Pvt. Ltd. 22-Jun-21 10.50% 3.07% 14 INE413U07095 Samasta Microfinance Ltd. 20-Apr-20 10.05% 1.18% 15 INE010A07232 Prism Johnson Ltd. 27-Sep-21 0.00% 3.78% 16 INE811K07059 Prestige Estates Projects Ltd. 10-Aug-21 10.50% 0.47% 17 INE890A07054 JMC Projects (India) Ltd. 27-Aug-21 9.95% 3.54% JSW Techno Projects 18 INE192L07169 Management Ltd. 28-Feb-20 0.00% 9.45% 19 INE850M07152 Northern Arc Capital Ltd. 27-Sep-19 9.80% 2.36% 20 INE226H08013 Sadbhav Engineering Ltd. 14-Mar-20 9.90% 8.98% 21 INE071I07047 Indofil Industries Ltd. 28-Sep-21 9.87% 7.09% 22 INE811P07074 Sahyadri Agencies Ltd. 4-Dec-19 0.00% 7.09% Housing Development Finance 1 INE001A07RE3 Corporation Ltd. 20-Mar-19 7.90% 16.67% Rural Electrification Corporation CRISIL AAA up 2 INE020B08AU1 Ltd. 16-Sep-19 7.77% 16.67% to 1 Year Indian Railway Finance Short Term 3 INE053F07AL4 Corporation Ltd. 7-Jun-19 7.72% 16.67% Bond Index 4 INE115A07FT4 LIC Housing Finance Ltd. 10-Sep-19 0.00% 16.67% 5 INE134E08HO2 Power Finance Corporation Ltd. 29-Jun-19 8.50% 16.67% Small Industries Development 6 INE556F09593 Bank Of India 28-Mar-19 8.06% 16.67% Housing Development Finance 1 INE001A07RL8 Corporation Ltd. 18-Jun-20 8.80% 16.67% 2 INE002A08526 Reliance Industries Ltd. 24-Dec-20 7.07% 16.67% CRISIL AAA 1 Rural Electrification Corporation to 3 Year 3 INE020B08AV9 Ltd. 13-Mar-20 7.59% 16.67% Short Term 4 INE115A07NQ4 LIC Housing Finance Ltd. 24-Dec-20 8.80% 16.67% Bond Index 5 INE134E08IY9 Power Finance Corporation Ltd. 26-Jun-20 7.42% 16.67% National Bank for Agriculture & 6 INE261F08AI7 Rural Development 31-Jan-22 8.60% 16.67% Cholamandalam Investment & 1 INE121A07NX8 Finance Co. Ltd. 8-Aug-19 7.85% 16.67% CRISIL AA and 2 INE155A08308 Tata Motors Ltd. 1-Aug-19 8.00% 16.67% AA+ up to 1 3 INE205A07105 Vedanta Ltd. 29-Nov-19 7.50% 16.67% Year Short Term Bond 4 INE572E09510 PNB Housing Finance Ltd. 19-Mar-19 7.10% 16.67% Index 5 INE660A07OC7 Sundaram Finance Ltd. 13-Sep-19 8.00% 16.67% Mahindra & Mahindra Financial 6 INE774D07RC3 Services Ltd. 22-Mar-19 7.80% 16.67% 1 INE205A07154 Vedanta Ltd. 2-Jul-21 9.18% 16.67% CRISIL AA and 2 INE414G07CV1 Muthoot Finance Ltd. 1-Feb-21 9.50% 16.67% AA+ 1 to 3 Year Short 3 INE909H08022 Tata Motors Finance Ltd. 25-Mar-20 10.75% 16.67% Term Bond 4 INE660A07PO9 Sundaram Finance Ltd. 20-Mar-20 8.61% 16.67% Index Shriram Transport Finance Co. 5 INE721A07NV9 Ltd. 12-Jul-21 9.10% 16.67%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights Mahindra & Mahindra Financial 6 INE774D07SK4 Services Ltd. 17-Mar-20 9.34% 16.67% 07.17% CGL 2028 (New 10 year 1 IN0020170174 G-sec) 8-Jan-28 7.17% 27.76% 2 IN0020180025 07.37% CGL 2023 16-Apr-23 7.37% 6.59% 07.59% CGL 2026 - New 10 Year 3 IN0020150093 G-Sec 11-Jan-26 7.59% 9.00% 4 IN0020180017 06.65% CGL 2020 9-Apr-20 6.65% 5.37% CRISIL 5 IN0020020106 07.95% CGL 2032 28-Aug-32 7.95% 7.06% Dynamic Gilt 08.24% CGL 2027 (Recapitalised Index 6 IN0020060078 Bond) 15-Feb-27 8.24% 7.04% 7 IN0020160050 06.84% CGL 2022 19-Dec-22 6.84% 6.92% 8 IN0020050012 07.40% CGL 2035 9-Sep-35 7.40% 6.60% 9 IN0020130012 07.16% CGL 2023 20-May-23 7.16% 6.19% 10 IN0020060318 07.94% CGL 2021 24-May-21 7.94% 5.32% 11 IN0020020171 06.35% CGL 2020 2-Jan-20 6.35% 5.61% 12 IN0020170042 06.68% CGL 2031 17-Sep-31 6.68% 6.53% 1 IN0020020106 07.95% CGL 2032 28-Aug-32 7.95% 18.36% 2 IN0020050012 07.40% CGL 2035 9-Sep-35 7.40% 13.64% 3 IN0020170042 06.68% CGL 2031 17-Sep-31 6.68% 12.44% 07.17% CGL 2028 (New 10 year 4 IN0020170174 G-sec) 8-Jan-28 7.17% 26.84% CRISIL 07.59% CGL 2026 - New 10 Year Composite 5 IN0020150093 G-Sec 11-Jan-26 7.59% 9.81% Gilt Index 08.24% CGL 2027 (Recapitalised 6 IN0020060078 Bond) 15-Feb-27 8.24% 7.79% 7 IN0020180025 07.37% CGL 2023 16-Apr-23 7.37% 5.69% 8 IN0020180017 06.65% CGL 2020 9-Apr-20 6.65% 2.39% 9 IN0020160050 06.84% CGL 2022 19-Dec-22 6.84% 3.03% 1 IN0020020106 07.95% CGL 2032 28-Aug-32 7.95% 21.80% 2 IN0020050012 07.40% CGL 2035 9-Sep-35 7.40% 15.90% 3 IN0020170042 06.68% CGL 2031 17-Sep-31 6.68% 14.24% 08.24% CGL 2033 (New 19 year CRISIL Long 4 IN0020140052 bond) 10-Nov-33 8.24% 11.73% Term Gilt Index 5 IN0020150069 07.59% CGL 2029 - New 14 G-Sec 20-Mar-29 7.59% 9.49% 6 IN0020160068 07.06% CGL 2046 10-Oct-46 7.06% 9.26% 7 IN0020040039 07.50% CGL 2034 10-Aug-34 7.50% 9.27% 07.88% CGL 2030 - New 15 Year 8 IN0020150028 G-Sec 19-Mar-30 7.88% 8.31% 07.17% CGL 2028 (New 10 year CRISIL 1 IN0020170174 G-sec) 8-Jan-28 7.17% 39.85% Medium Term 07.59% CGL 2026 - New 10 Year Gilt Index 2 IN0020150093 G-Sec 11-Jan-26 7.59% 12.43%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights 08.24% CGL 2027 (Recapitalised 3 IN0020060078 Bond) 15-Feb-27 8.24% 9.67% 4 IN0020110048 09.15% CGL 2024 14-Nov-24 9.15% 8.36% 5 IN0020140045 08.40% CGL 2024 28-Jul-24 8.40% 7.80% 6 IN0020120047 08.20% CGL 2025 24-Sep-25 8.20% 7.70% 7 IN0020090034 07.35% CGL 2024 22-Jun-24 7.35% 7.22% 08.60% CGL 2028 -New 14 Year 8 IN0020140011 Bond. 2-Jun-28 8.60% 6.97% 1 IN0020180025 07.37% CGL 2023 16-Apr-23 7.37% 30.20% 2 IN0020180017 06.65% CGL 2020 9-Apr-20 6.65% 11.58% 3 IN0020160050 06.84% CGL 2022 19-Dec-22 6.84% 12.79% CRISIL Short 4 IN0020130012 07.16% CGL 2023 20-May-23 7.16% 10.72% Term Gilt Index 5 IN0020060318 07.94% CGL 2021 24-May-21 7.94% 8.79% 6 IN0020090042 06.90% CGL 2019 13-Jul-19 6.90% 7.50% 7 IN0020020171 06.35% CGL 2020 2-Jan-20 6.35% 8.51% 8 IN0020150010 07.68% CGL 2023 15-Dec-23 7.68% 9.92% 1 INE040A16CC8 HDFC Bank Ltd. 8-Mar-19 - 10.00% 2 INE238A16Z16 Axis Bank Ltd. 6-Mar-19 - 10.00% 3 INE976G16JI2 RBL Bank Ltd. 6-Mar-19 - 10.00% Small Industries Development CRISIL 1 4 INE556F16366 Bank Of India 7-Mar-19 - 10.00% Month CD 5 INE092T16IS2 IDFC Bank ltd. 12-Mar-19 - 10.00% Index 6 INE090A169P4 ICICI Bank Ltd. 11-Mar-19 - 10.00% 7 INE705A16RK7 Vijaya Bank 11-Mar-19 - 10.00% 8 INE434A16PP7 Andhra Bank 8-Mar-19 - 10.00% 9 INE562A16JD4 Indian Bank 5-Mar-19 - 10.00% 10 INE095A16XT2 IndusInd Bank Ltd. 8-Mar-19 - 10.00% 1 INE705A16RQ4 Vijaya Bank 2-Apr-19 - 10.00% 2 INE095A16XN5 IndusInd Bank Ltd. 26-Mar-19 - 10.00% 3 INE692A16FG0 Union Bank Of India 2-Apr-19 - 10.00% 4 INE556R16072 MUFG Bank, Ltd. 27-Mar-19 - 10.00% CRISIL 2 5 INE562A16JB8 Indian Bank 25-Mar-19 - 10.00% month CD 6 INE092T16IL7 IDFC Bank ltd. 4-Apr-19 - 10.00% Index 7 INE476A16RV2 Canara Bank 2-Apr-19 - 10.00% 8 INE090A167P8 ICICI Bank Ltd. 26-Mar-19 - 10.00% 9 INE238A160I1 Axis Bank Ltd. 28-Mar-19 - 10.00% Cooperatieve Centrale Raiffeisen- 10 INE480Q16317 Boerenleenbank 3-Apr-19 - 10.00% Small Industries Development CRISIL 3 1 INE556F16390 Bank Of India 15-May-19 - 14.29% month CD 2 INE237A165E0 Kotak Mahindra Bank Ltd. 21-May-19 - 14.29% Index 3 INE238A166B3 Axis Bank Ltd. 17-May-19 - 14.29%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights 4 INE503A16FK1 DCB Bank Ltd. 14-May-19 - 14.29% 5 INE551W16602 Ujjivan Small Finance Bank Ltd. 10-May-19 - 14.29% 6 INE949L16528 AU Small Finance Bank Ltd. 6-May-19 - 14.29% 7 INE528G16S34 Yes Bank 3-May-19 - 14.29% 1 INE090A164Q3 ICICI Bank Ltd. 2-Aug-19 - 14.29% 2 INE528G16R43 Yes Bank 9-Aug-19 - 14.29% CRISIL 6 3 INE095A16YI3 IndusInd Bank Ltd. 25-Jul-19 - 14.29% month CD 4 INE092T16GB2 IDFC Bank ltd. 14-Aug-19 - 14.29% Index 5 INE237A162G2 Kotak Mahindra Bank Ltd. 9-Aug-19 - 14.29% 6 INE238A165E9 Axis Bank Ltd. 9-Aug-19 - 14.29% 7 INE551W16594 Ujjivan Small Finance Bank Ltd. 22-Jul-19 - 14.29% 1 INE095A16ZN0 IndusInd Bank Ltd. 27-Jan-20 - 10.00% 2 INE092T16JG5 IDFC Bank ltd. 21-Jan-20 - 10.00% National Bank for Agriculture & 3 INE261F16348 Rural Development 29-Jan-20 - 10.00% Small Industries Development 4 INE556F16531 Bank Of India 28-Jan-20 - 10.00% CRISIL 1 Year 5 INE237A162J6 Kotak Mahindra Bank Ltd. 31-Jan-20 - 10.00% CD Index 6 INE238A160K7 Axis Bank Ltd. 7-Feb-20 - 10.00% 7 INE528G16S59 Yes Bank 31-Jan-20 - 10.00% 8 INE090A167S2 ICICI Bank Ltd. 22-Jan-20 - 10.00% The Hongkong and Shanghai 9 INE555F16NJ6 Banking Corporation Ltd. 17-Jan-20 - 10.00% 10 INE040A16CD6 HDFC Bank Ltd. 15-Jan-20 - 10.00% National Bank for Agriculture & 1 INE261F14EV0 Rural Development 12-Mar-19 - 10.00% 2 INE865C14CN6 Aditya Birla Money Ltd. 7-Mar-19 - 6.67% L&T Infrastructure Finance Co. 3 INE691I14IG4 Ltd. 11-Mar-19 - 8.33% 4 INE476M14BZ7 L&T Housing Finance Ltd. 11-Mar-19 - 5.00% INE018A14GM 5 9 Larsen & Toubro Ltd. 8-Mar-19 - 10.00% CRISIL 1 Tata Motors Finance Solutions Month CP 6 INE477S14686 Ltd. 12-Mar-19 - 8.33% Index 7 INE115A14AY1 LIC Housing Finance Ltd. 12-Mar-19 - 5.00% Edelweiss Commodities Services 8 INE657N14OX8 Ltd. 12-Mar-19 - 6.67% 9 INE660A14TM1 Sundaram Finance Ltd. 12-Mar-19 - 8.33% 10 INE477A14866 CanFin Homes Ltd. 8-Mar-19 - 5.00% 11 INE410J14BM0 Kotak Commodity Services Ltd. 12-Mar-19 - 6.67% Samvardhana Motherson 12 INE750H14275 International Ltd. 5-Mar-19 - 10.00% 13 INE110L14JG7 Reliance Jio Infocomm Ltd. 11-Mar-19 - 10.00%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights 1 INE860H14K47 Aditya Birla Finance Ltd. 29-Mar-19 - 8.33% 2 INE831R14AI0 Aditya Birla Housing Finance Ltd. 27-Mar-19 - 5.00% Chennai Petroleum Corporation 3 INE178A14EB9 Ltd. 29-Mar-19 - 10.00% 4 INE957N14BR1 Hero Fincorp Ltd. 27-Mar-19 - 8.33% 5 INE242A14KO3 Indian Oil Corporation Ltd. 5-Apr-19 - 10.00% 6 INE115A14BJ0 LIC Housing Finance Ltd. 22-Mar-19 - 5.00% CRISIL 2 National Bank for Agriculture & Month CP 7 INE261F14EW8 Rural Development 3-Apr-19 - 10.00% Index Piramal Capital & Housing 8 INE516Y14804 Finance Ltd. 26-Mar-19 - 5.00% 9 INE013A14E97 Reliance Capital Ltd. 27-Mar-19 - 8.33% 10 INE110L14JS2 Reliance Jio Infocomm Ltd. 27-Mar-19 - 6.67% 11 INE557F14EK4 National Housing Bank 29-Mar-19 - 10.00% Tata Teleservices (Maharashtra) 12 INE517B14248 Ltd. 27-Mar-19 - 6.67% 13 INE037E14563 Tata Teleservices Ltd. 27-Mar-19 - 6.67% 1 INE027E14HN8 L&T Finance Ltd. 15-May-19 - 8.33% 2 INE476M14BY0 L&T Housing Finance Ltd. 15-May-19 - 5.00% Small Industries Development 3 INE556F14HC6 Bank Of India 10-May-19 - 6.67% National Bank for Agriculture & 4 INE261F14EX6 Rural Development 10-May-19 - 6.67% 5 INE414G14KI7 Muthoot Finance Ltd. 6-May-19 - 8.33% Housing Development Finance CRISIL 3 6 INE001A14UG8 Corporation Ltd. 20-May-19 - 5.00% Month CP 7 INE975F14PG2 Kotak Mahindra Investments Ltd. 14-May-19 - 8.33% Index 8 INE866I14YM7 India Infoline Finance Ltd. 21-May-19 - 6.67% 9 INE019A14EY7 JSW Steel Ltd. 21-May-19 - 10.00% 10 INE248U14FF6 IIFL Wealth Finance Ltd. 20-May-19 - 6.67% Sundaram BNP Paribas Home 11 INE667F14EJ3 Finance Ltd. 20-May-19 - 5.00% 12 INE514E14NQ6 Export Import Bank Of India 13-May-19 - 6.67% 13 INE572O14071 ECap Equities Ltd. 9-May-19 - 6.67% 14 INE978U14085 Sneh Sadan Traders & Agents Ltd. 20-May-19 - 10.00% 1 INE976I14ME6 Tata Capital Ltd. 31-Jul-19 - 8.33% HDFC Credila Financial Services 2 INE539K14938 Pvt. Ltd. 16-Aug-19 - 8.33% CRISIL 6 3 INE975F14PV1 Kotak Mahindra Investments Ltd. 6-Aug-19 - 8.33% Month CP Dewan Housing Finance Index 4 INE202B14OA6 Corporation Ltd. 16-Aug-19 - 5.00% Sundaram BNP Paribas Home 5 INE667F14EA2 Finance Ltd. 9-Aug-19 - 5.00% 6 INE217K14DH3 Reliance Home Finance Ltd. 9-Aug-19 - 5.00%

Sr. Redemption Index Index ISIN Issuer/Security Name Coupon No Date* Weights 7 INE019A14FH9 JSW Steel Ltd. 16-Jul-19 - 10.00% 8 INE248U14FI0 IIFL Wealth Finance Ltd. 15-Jul-19 - 10.00% Deutsche Investments India Pvt. 9 INE144H14CL9 Ltd. 27-Jun-19 - 10.00% 10 INE245A14AQ2 Tata Power Co. Ltd. 25-Jun-19 - 10.00% Shapoorji Pallonji & Company 11 INE404K14EJ1 Ltd. 21-Jun-19 - 10.00% 12 INE623B14AI5 Future Enterprises Ltd. 12-Jul-19 - 10.00% 1 INE756I14CJ2 HDB Financial Services Ltd. 30-Jan-20 - 8.33% 2 INE523H14P33 JM Financial Products Ltd. 30-Jan-20 - 8.33% 3 INE975F14RE3 Kotak Mahindra Investments Ltd. 5-Feb-20 - 8.33% Housing Development Finance 4 INE001A14UR5 Corporation Ltd. 4-Feb-20 - 5.00% CRISIL 1 Year 5 INE033L14JJ5 Tata Capital Housing Finance Ltd. 15-Jan-20 - 5.00% CP Index INE476M14BV 6 6 L&T Housing Finance Ltd. 15-Jan-20 - 5.00% Bahadur Chand Investments Pvt. 7 INE087M14447 Ltd. 14-Jan-20 - 20.00% 8 INE248U14GJ6 IIFL Wealth Finance Ltd. 2-Jan-20 - 20.00% 9 INE849A14098 Trent Ltd. 13-Dec-19 - 20.00% 1 IN1220180229 08.34% ASSAM SDL 2029 6-Feb-29 8.34% 3.05% 2 IN1520180275 08.30% GUJARAT SDL 2029 6-Feb-29 8.30% 9.43% 3 IN1620180050 08.62% HARYANA SDL 2028 3-Sep-28 8.62% 5.78% 4 IN1920180164 08.32% KARNATAKA SDL 2029 6-Feb-29 8.32% 8.69% 5 IN2020180138 08.35% KERALA SDL 2029 6-Feb-29 8.35% 4.32% 08.37% MADHYA PRADESH SDL CRISIL 10 Year 6 IN2120180095 2028 5-Dec-28 8.37% 5.90% SDL Index 7 IN2220180052 08.08% MAHARASHTRA SDL 2028 26-Dec-28 8.08% 5.42% 8 IN2820180130 08.38% PUNJAB SDL 2029 6-Feb-29 8.38% 6.87% 9 IN2920180303 08.32% RAJASTHAN SDL 2029 6-Feb-29 8.32% 8.45% 10 IN3120180200 8.08% TAMIL NADU SDL 2028 26-Dec-28 8.08% 16.10% 08.34% UTTAR PRADESH SDL 11 IN3320180141 2029 6-Feb-29 8.34% 16.35% 12 IN3420180124 08.29% WEST BENGAL SDL 2029 23-Jan-29 8.21% 9.63% *Redemption date is earlier of Maturity Date & Call/Put Date

Note: Bonds and Government Security Indices are rebalanced on 1st working day of every month with issuer rebalancing done on quarterly basis, whereas CP, CD and SDL indices are rebalanced on 1st working day of every fortnight.

Portfolio Parameters – 01 February 2019

Sr. Average Average Average Average Macaulay Index No. Maturity MD YTM Duration

1 CRISIL Composite CD Index 0.31 0.29 7.48% 0.31 2 CRISIL Composite CP Index 0.23 0.21 7.91% 0.23 3 CRISIL Composite T-Bill Index 0.44 0.41 6.61% 0.44 4 CRISIL Composite Bond Fund Index 7.55 4.99 8.44% 5.27 5 CRISIL Short Term Bond Fund Index 1.99 1.64 8.27% 1.76 6 CRISIL Liquid Fund Index 0.11 0.10 7.03% 0.11 7 CRISIL Low Duration Debt Index 0.66 0.58 8.02% 0.63 8 CRISIL Ultra Short Term Debt Index 0.32 0.29 7.69% 0.31 9 CRISIL Money Market Index 0.29 0.27 7.55% 0.29 10 CRISIL Medium Term Debt Index 3.80 3.01 8.96% 3.26 11 CRISIL Medium To Long Term Debt Index 6.65 4.73 8.66% 5.03 12 CRISIL Long Term Debt Index 11.67 6.90 8.69% 7.30 13 CRISIL Corporate Bond Composite Index 5.06 3.51 9.07% 3.80 14 CRISIL Long Term Corporate Bond Index 9.09 5.80 9.25% 6.26 15 CRISIL Medium Term Corporate Bond Index 3.92 3.08 9.30% 3.35 16 CRISIL Short Term Corporate Bond Index 1.11 0.97 8.43% 1.05 17 CRISIL Composite Credit Risk Index 5.27 3.54 9.85% 3.84 18 CRISIL Banking and PSU Debt Index 3.64 2.55 8.47% 2.75 19 CRISIL Short Term Credit Risk Index 1.24 1.07 9.35% 1.17 20 CRISIL Dynamic Debt Index 6.28 4.33 8.37% 4.58 21 CRISIL Composite AA Long Term Bond Index 7.86 5.02 10.29% 5.51 22 CRISIL Composite AA Medium Term Bond Index 3.78 2.96 9.82% 3.24 23 CRISIL Composite AA Short Term Bond Index 1.05 0.91 9.36% 1.00 24 CRISIL FPI Index 7.46 4.93 8.45% 5.21 25 CRISIL AAA Long Term Bond Index 9.64 6.15 8.75% 6.59 26 CRISIL AAA Medium Term Bond Index 3.96 3.12 9.12% 3.39 27 CRISIL AAA Short Term Bond Index 1.13 0.99 8.12% 1.08 28 CRISIL AA Long Term Bond Index 7.57 4.85 10.59% 5.31 29 CRISIL AA Medium Term Bond Index 3.81 2.97 10.03% 3.23 30 CRISIL AA Short Term Bond Index 1.34 1.15 9.63% 1.26 31 CRISIL AA and AA+ Long Term Bond Index 8.05 5.09 10.41% 5.59 32 CRISIL AA and AA+ Medium Term Bond Index 3.69 2.90 9.94% 3.15 33 CRISIL AA and AA+ Short Term Bond Index 1.06 0.91 9.00% 1.00 34 CRISIL AA+ Long Term Bond Index 8.61 5.43 9.91% 5.97 35 CRISIL AA+ Medium Term Bond Index 3.75 2.95 9.56% 3.23

Sr. Average Average Average Average Macaulay Index No. Maturity MD YTM Duration 36 CRISIL AA+ Short Term Bond Index 0.74 0.65 8.85% 0.71 37 CRISIL AA- Long Term Bond Index 6.47 4.41 9.89% 4.81 38 CRISIL AA- Medium Term Bond Index 3.78 3.09 10.35% 3.41 39 CRISIL AA- Short Term Bond Index 1.07 0.95 9.81% 1.04 CRISIL Medium to Long Term Banking Debt 5.65 3.94 4.32 40 Index 9.78% 41 CRISIL Short Term Banking Debt Index 1.85 1.56 9.31% 1.71 42 CRISIL Medium to Long Term PSU Debt Index 7.37 4.90 8.68% 5.19 43 CRISIL Short Term PSU Debt Index 1.23 1.07 7.93% 1.16 44 CRISIL A Medium To Long Term Bond Index 6.90 3.92 10.42% 4.12 45 CRISIL A Short Term Bond Index 1.59 1.36 10.80% 1.45 46 CRISIL AAA up to 1 Year Short Term Bond Index 0.38 0.35 7.53% 0.37 47 CRISIL AAA 1 to 3 Year Short Term Bond Index 1.78 1.55 8.51% 1.68 CRISIL AA and AA+ up to 1 Year Short Term 0.45 0.41 0.45 48 Bond Index 8.24% CRISIL AA and AA+ 1 to 3 Year Short Term 1.71 1.43 1.57 49 Bond Index 9.70% 50 CRISIL 10 Year Gilt Index 8.94 6.43 7.61% 6.68 51 CRISIL Dynamic Gilt Index 7.60 5.25 7.43% 5.45 52 CRISIL Long Term Gilt Index 15.03 8.41 7.70% 8.73 53 CRISIL Medium Term Gilt Index 7.67 5.62 7.55% 5.83 54 CRISIL Short Term Gilt Index 3.16 2.67 7.12% 2.77 55 CRISIL Composite Gilt Index 10.42 6.72 7.60% 6.97 56 CRISIL 1 Month CD Index 0.05 0.05 6.84% 0.05 57 CRISIL 2 Month CD Index 0.11 0.10 6.78% 0.11 58 CRISIL 3 Month CD Index 0.22 0.21 7.54% 0.22 59 CRISIL 6 Month CD Index 0.45 0.42 7.73% 0.45 60 CRISIL 1 Year CD Index 0.95 0.87 8.19% 0.95 61 CRISIL 1 Month CP Index 0.05 0.04 7.04% 0.05 62 CRISIL 2 Month CP Index 0.11 0.11 6.96% 0.11 63 CRISIL 3 Month CP Index 0.24 0.22 8.32% 0.24 64 CRISIL 6 Month CP Index 0.44 0.41 9.41% 0.44 65 CRISIL 1 Year CP Index 0.92 0.85 9.11% 0.92 66 CRISIL 10 Year SDL Index 9.86 6.60 8.23% 6.87 67 CRISIL 1 Month T-Bill Index 0.10 0.09 6.48% 0.10 68 CRISIL 2 Month T-Bill Index 0.17 0.16 6.50% 0.17 69 CRISIL 91 day T-Bill Index 0.25 0.23 6.55% 0.25 70 CRISIL 182 day T-bill index 0.50 0.46 6.66% 0.50 71 CRISIL 1 Year T-Bill Index 0.99 0.93 6.73% 0.99 72 CRISIL Overnight Index 0.0027 0.0026 6.35% 0.0027

Composite Index Weights

Sub-indices Index Sub- Index Weights (New) (2018-19)$

CRISIL Composite Gilt Index 45%

CRISIL AAA Long Term Bond Index 12%

CRISIL AA and AA+ Long Term Bond Index 10%

CRISIL Composite Bond Fund Index CRISIL AAA Medium Term Bond Index 15%

CRISIL AA and AA+ Medium Term Bond Index 4%

CRISIL AAA Short Term Bond Index 11%

CRISIL AA and AA+ Short Term Bond Index 3% CRISIL Short Term Gilt Index 15% CRISIL AAA up to 1 Year Short Term Bond Index 13% CRISIL AAA 1 to 3 Year Short Term Bond Index 19% CRISIL AA and AA+ up to 1 Year Short Term Bond 3% Index CRISIL Short Term Bond Fund Index CRISIL AA and AA+ 1 to 3 Year Short Term Bond 5% Index CRISIL AAA Medium Term Bond Index 20% CRISIL AA and AA+ Medium Term Bond Index 5% CRISIL Composite CD Index 6% CRISIL Composite CP Index 14% CRISIL Overnight Index 15% CRISIL 3 Month CD Index 5% CRISIL 2 Month CD Index 16% CRISIL Liquid Fund Index CRISIL 1 Month CD Index 5% CRISIL 3 Month CP Index 12% CRISIL 2 Month CP Index 37% CRISIL 1 Month CP Index 10% CRISIL 2 Month CD Index 21%

CRISIL 3 Month CD Index 58% CRISIL Composite CD Index CRISIL 6 Month CD Index 7%

CRISIL 1 Year CD Index 14%

CRISIL 2 Month CP Index 37%

CRISIL 3 Month CP Index 53% CRISIL Composite CP Index CRISIL 6 Month CP Index 7%

CRISIL 1 Year CP Index 3%

CRISIL Composite T-Bill Index CRISIL 91 Day T-Bill Index 60%

Sub-indices Index Sub- Index Weights (New) (2018-19)$

CRISIL 182 Day T-Bill Index 21%

CRISIL 1 Year T-Bill Index 19% CRISIL AAA up to 1 Year Short Term Bond Index 7% CRISIL AAA 1 to 3 Year Short Term Bond Index 21% CRISIL AA and AA+ up to 1 Year Short Term Bond 2% Index CRISIL Low Duration Debt Index CRISIL AA and AA+ 1 to 3 Year Short Term Bond 5% Index CRISIL Composite CD Index 20% CRISIL Composite CP Index 45% CRISIL Composite CD Index 25%

CRISIL Composite CP Index 60%

CRISIL Ultra Short Term Debt Index CRISIL Composite T-Bill Index 10%

CRISIL AAA Short Term Bond Index 4%

CRISIL AA and AA+ Short Term Bond Index 1%

CRISIL Composite CD Index 24%

CRISIL Money Market Index CRISIL Composite CP Index 56%

CRISIL Composite T-Bill Index 20% CRISIL Short Term Gilt Index 15%

CRISIL Medium Term Debt Index CRISIL AAA Medium Term Bond Index 68%

CRISIL AA and AA+ Medium Term Bond Index 17%

CRISIL Medium Term Gilt Index 40%

CRISIL AAA Long Term Bond Index 13%

CRISIL Medium To Long Term Debt Index CRISIL AA and AA+ Long Term Bond Index 12%

CRISIL AAA Medium Term Bond Index 28%

CRISIL AA and AA+ Medium Term Bond Index 7%

CRISIL Long Term Gilt Index 45%

CRISIL Long Term Debt Index CRISIL AAA Long Term Bond Index 30%

CRISIL AA and AA+ Long Term Bond Index 25%

CRISIL AAA Long Term Bond Index 22%

CRISIL AAA Medium Term Bond Index 28%

CRISIL AAA Short Term Bond Index 21% CRISIL Corporate Bond Composite Index CRISIL AA+ Long Term Bond Index 7%

CRISIL AA+ Medium Term Bond Index 4%

CRISIL AA+ Short Term Bond Index 3%

Sub-indices Index Sub- Index Weights (New) (2018-19)$

CRISIL AA Long Term Bond Index 8%

CRISIL AA Medium Term Bond Index 2%

CRISIL AA Short Term Bond Index 2%

CRISIL AA- Long Term Bond Index 1%

CRISIL AA- Medium Term Bond Index 1%

CRISIL AA- Short Term Bond Index 1%

CRISIL AAA Long Term Bond Index 64%

CRISIL AA+ Long Term Bond Index 21% CRISIL Long Term Corporate Bond Index CRISIL AA Long Term Bond Index 13%

CRISIL AA- Long Term Bond Index 2%

CRISIL AAA Medium Term Bond Index 76%

CRISIL AA+ Medium Term Bond Index 9% CRISIL Medium Term Corporate Bond Index CRISIL AA Medium Term Bond Index 14%

CRISIL AA- Medium Term Bond Index 1%

CRISIL AAA Short Term Bond Index 75%

CRISIL AA+ Short Term Bond Index 10% CRISIL Short Term Corporate Bond Index CRISIL AA Short Term Bond Index 10%

CRISIL AA- Short Term Bond Index 5%

CRISIL AAA Long Term Bond Index 8%

CRISIL AAA Medium Term Bond Index 10%

CRISIL AAA Short Term Bond Index 8%

CRISIL AA+ Long Term Bond Index 2%

CRISIL AA+ Medium Term Bond Index 1%

CRISIL AA+ Short Term Bond Index 1%

CRISIL AA Long Term Bond Index 32% CRISIL Composite Credit Risk Index CRISIL AA Medium Term Bond Index 10%

CRISIL AA Short Term Bond Index 9%

CRISIL AA- Long Term Bond Index 4%

CRISIL AA- Medium Term Bond Index 1%

CRISIL AA- Short Term Bond Index 4%

CRISIL A Medium to Long Term Bond Index 7%

CRISIL A Short Term Bond Index 3%

CRISIL Short Term Credit Risk Index CRISIL AAA Short Term Bond Index 27%

Sub-indices Index Sub- Index Weights (New) (2018-19)$

CRISIL AA+ Short Term Bond Index 3%

CRISIL AA Short Term Bond Index 41%

CRISIL AA- Short Term Bond Index 19%

CRISIL A Short Term Bond Index 10%

CRISIL Medium to Long Term PSU Debt Index 25%

CRISIL Medium to Long Term Banking Debt Index 25% CRISIL Banking and PSU Debt Index CRISIL Short Term PSU Debt Index 25%

CRISIL Composite CD Index 25%

S&P BSE Arbitrage Rate Index 70% CRISIL Arbitrage Index CRISIL Liquid Fund Index 30%

S&P BSE Arbitrage Rate Index 35%

CRISIL Equity Savings Index S&P BSE Sensex 50 TR 35%

CRISIL Short Term Bond Fund Index 30%

CRISIL Dynamic Gilt Index 45%

CRISIL AAA Long Term Bond Index 12%

CRISIL AA and AA+ Long Term Bond Index 10%

CRISIL Dynamic Debt Index CRISIL AAA Medium Term Bond Index 15%

CRISIL AA and AA+ Medium Term Bond Index 4%

CRISIL AAA Short Term Bond Index 11%

CRISIL AA and AA+ Short Term Bond Index 3%

CRISIL AA+ Long Term Bond Index 36%

CRISIL Composite AA Long Term Bond Index CRISIL AA Long Term Bond Index 56%

CRISIL AA- Long Term Bond Index 8%

CRISIL AA+ Medium Term Bond Index 48%

CRISIL Composite AA Medium Term Bond Index CRISIL AA Medium Term Bond Index 47%

CRISIL AA- Medium Term Bond Index 5%

CRISIL AA+ Short Term Bond Index 39%

CRISIL Composite AA Short Term Bond Index CRISIL AA Short Term Bond Index 42%

CRISIL AA- Short Term Bond Index 19%

CRISIL AAA Long Term Bond Index 12%

CRISIL AAA Medium Term Bond Index 15% CRISIL FPI Index CRISIL AAA Short Term Bond Index 12%

CRISIL AA and AA+ Long Term Bond Index 10%

Sub-indices Index Sub- Index Weights (New) (2018-19)$

CRISIL AA and AA+ Medium Term Bond Index 4%

CRISIL AA and AA+ Short Term Bond Index 3%

CRISIL Composite Gilt Index 44% $ Rounded off to nearest integer

Features and Methodology

CRISIL AAA/AA+/AA/AA- rated and Banking/ PSU Credit Indices

Features Total Return Index seeking to capture coupon and price returns of the underlying portfolio Index portfolio marked-to-market on a daily basis using CRISIL debt valuations

Maturity Buckets: AAA/AA+/AA/AA- rated indices 1. Long Term: Securities with residual maturity greater than 5 years 2. Medium Term: Securities with residual maturity between 3 to 5 years 3. Short Term: Securities with residual maturity upto 3 years

 For Banking/ PSU Indices 1. Short Term: Securities with residual maturity upto 3 years 2. Medium to Long Term: Securities with residual maturity greater than 3 years

Key Characteristics Rich history: CRISIL AAA rated bond indices have inception date of March 31, 2002. Thus the indices have been in existence for over a decade and have seen multiple interest rate cycles Liquidity: The indices seeks to capture the movement of a portfolio comprising liquid AAA/AA+/AA/AA- rated corporate bonds, thereby ensuring appropriate market representation Replicability: The indices constituents are valued on a daily basis. This lends the indices a realistic approach by having the valuations close to market levels.

Methodology Top 12* issuers are identified by using a consistent liquidity score based on the following parameters analysed for the previous one quarter: Volume traded: 70% No of days traded: 15% No of trades: 15% Rating considered for a bond is the conservative rating of all the bonds for that particular issuer (except for SO rated bonds) Most liquid bond for each of the shortlisted 12 issuers is selected* The weights to the eligible bonds are allocated on the basis of a combined score of Liquidity of issuer (70%) Amount outstanding of issuer (30%) Weight to each bond is subject to a cap of 10%. Excess weight is redistributed proportionately among other bonds The index constituents are valued on a daily basis using CRISIL Valuations The index is rebalanced on the 1st business day of every month

Perpetual bonds, Floating rate bonds, Tax free bonds and bonds with single option (call/put) are excluded from the universe of bonds For Banking/ PSU indices Basel III compliant additional tier 1 bonds are included as a part of selection universe.

*Upto 12 Issuers will be selected For Upto 1 year and 1 to 3 year indices, maximum of 6 Issuers will be selected

CRISIL A rated Credit Indices

Features

Base date for the Index: March 31, 2002

Total Return Index seeking to capture coupon and price returns of the underlying portfolio

Index portfolio marked-to-market on a daily basis using CRISIL debt valuations

Maturity Buckets:

Short Term: Securities with residual maturity upto 3 years

Medium to Long Term: Security with residual maturity greater than 3 years

Key Characteristics

Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by having the valuations close to market levels

Methodology

Issuers are selected based on primary market issuances

Unique issuers for the portfolio of the base month (Month of Inception) are selected based on issuances during the prior one year. All issuers that fall within the eligibility criteria of maturity and rating during the period are identified to be a part of the index.

On an ongoing basis, the issuances of the previous month would be considered for addition of unique issuers in the existing portfolio

For each issuer, the security that is most recently issued becomes a part of the index portfolio. These securities continue to be part of the index until It falls out of the eligibility criteria (rating and maturity) and is removed from the index It is replaced in case a new security of the same issuer is issued. In case more than one security of an issuer is issued on the same day, the one with the highest issuance size is selected.

Weights to eligible securities will be allocated based on the amount of issuance.

Weight to each bond is subject to a cap of 10%. Excess weight is redistributed proportionately among other bonds

Rating considered for a bond is the conservative rating of all the bonds for that particular issuer (except for SO rated bonds)

The index constituents are valued on a daily basis using CRISIL Valuations

The index is rebalanced on the 1st business day of every month

Perpetual bonds, Floating rate bonds, Tax free bonds and bonds with single option (call/put) are excluded from the universe of bonds

CRISIL Gilt Indices

Features and Characteristics Total Return Index seeking to capture coupon and price returns of the underlying portfolio Index constituents valued on a daily basis using CRISIL Gilt Valuation Index weights rebalanced on the 1st business day of every month

Key Characteristics Rich history: The indices have been in existence over a decade witnessing multiple interest rate cycles and has stood the test of time Liquidity: The indices seeks to capture the movement in a portfolio consisting of most liquid government securities by using appropriate market representation Replicability: The indices constituents are valued on a daily basis. This lends the index a realistic approach by having the valuations close to market levels

Methodology

Trading pattern of government securities analysed during the last one month

Consistent Liquidity Scores assigned to each security on the basis of: Volumes traded (70%) Days Traded (15%) Number of Trades (15%) Top n securities (n defined in the table below) on the basis of Consistent Liquidity Score eligible to be part of the index

Index No of securities (n) Residual maturity criteria

CRISIL Long Term Gilt Index 8 Greater than 10 years

CRISIL Medium Term Gilt Index 8 5 to 10 year

CRISIL Short Term Gilt Index 8 Upto 5 years

Top 3 securities each from long, medium and short term CRISIL Composite Gilt Index 9 bucket

CRISIL Dynamic Gilt Index 12 NA

Weights to eligible securities based on a combined score of:

Liquidity (70%)

Amount outstanding (30%)

Surrogate bonds (namely Food Corporation of India bonds, Oil bonds, Fertiliser bonds and UTI Special Bonds) and Floating rate bonds kept out of the purview of the selection process since these are quasi government bonds

CRISIL SDL Index

Features and Characteristics

Total Return Index seeking to capture coupon and price return of the underlying portfolio.

Index constituents valued on a daily basis using CRISIL SDL Valuations.

Index constituents are rebalanced on a fortnightly basis.

Tracks the 10-Year residual maturity segment.

Key Characteristics

Liquidity: The index seeks to capture the movement in a portfolio consisting of most liquid SDL Bonds by using appropriate market representation.

Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by having the valuations close to market levels.

Methodology

Top 12 states are selected based on issuances in the previous financial year.

Most recently issued securities of the selected states are eligible to be part of the index.

The securities in the index are rebalanced on a fortnightly basis on the basis of issuances during the previous fortnight.

Weights allocation: Weights to be calculated at issuer level based on issuances in the previous financial year and would be revised annually.

UDAY bonds are kept out of the purview of the selection process.

CRISIL CD Indices

Features

The indices seeks to capture the return of the underlying constituents based on daily yield movement using CRISIL Money Market Valuation

Index portfolio represents a maximum of top 10 CD issuers

Key Characteristics Representation: The indices represents the performance of CDs across residual maturities issued by various banks, thereby seeking to represent the CD market Replicability: The indices constituents are valued on a daily basis. This lends the index a realistic approach by having valuations close to market levels

Methodology

The indices are rebalanced on a fortnightly basis using secondary market trades and holdings for A1+ rated CDs

Based on the traded data of the previous fortnight, Maximum of 10 issuers are shortlisted based on their traded volume size For each of the shortlisted issuers, the security with a higher traded volume is selected In case of multiple securities having same traded volume, the security with a higher residual maturity selected to be a part of the index Maturity Buckets:

Index Residual maturity (Days)

CRISIL 1 Month CD Index 25 to 35

CRISIL 2 Month CD Index 45 to 60

CRISIL 3 Month CD Index 90 to 105

CRISIL 6 Month CD Index 165 to 195

CRISIL 1 Year CD Index 345 to 375

In case, the number of securities shortlisted using secondary trades data falls short of 10:

Remaining issuers are identified based on the CD holdings by various entities

Issuers are shortlisted based on higher residual maturity

In case the number of securities shortlisted using secondary trades and holdings data above falls short of 10:

Remaining issuers are identified from the existing portfolio with a flexible maturity band of -7/+15 days around respective tenor

Issuers are shortlisted based on higher residual maturity

Equal weights assigned to each of the constituents

Securities valued on a daily basis using CRISIL Money Market Valuation

CRISIL CP Index

Features

The indices seeks to capture the return of the underlying constituents based on daily yield movement using CRISIL Money Market Valuation

Index portfolio represents a maximum of top 15 CP issuers

Key Characteristics

Representation: The indices represents the performance of CPs across residual maturities issued by various banks, thereby seeking to represent the CP market

Replicability: The indices constituents are valued on a daily basis. This lends the index a realistic approach by having valuations close to market levels

Methodology

Based on the residual maturity criteria and rating, firstly 4 sectors based on primary (based on issuance size), secondary (based on traded volume size) and holdings (higher residual maturity) data in that order will be identified.

For each sector, top issuers (up to 3) in each sector will be identified. The identification of issuers will be based on the size of issuance (in case of primary market data), size of traded volume (in case of secondary market data) and higher residual maturity (in case of MF holdings data). One security of each issuer with the highest maturity will be selected in the index.

The sector weights would be in close compliance with the restrictions prescribed by the regulator. The security inside each sector will be equally weighted.

If sufficient sectors/issuers are not available, then the sector/issuers from the previous rebalancing period will be carried forward.

Below table summarizes the residual maturity criteria of CP Indices

Index Residual maturity (Days) Relaxation in case of no sector/issuer found

CRISIL 1 month CP Index 25 to 35 -

CRISIL 2 month CP Index 45 to 60 -

CRISIL 3 month CP Index 90 to 105 The maturity will be relaxed till 80

In steps of 15 days till the required number of issuers/sectors CRISIL 6 month CP Index 165 to 195 are found. The maturity will not go below 135

In steps of 15 days till the required number of issuers/sectors CRISIL 1 Year CP Index 345 to 375 are found. The maturity will not go below 300

CRISIL FPI Index

Features Total Return Index seeking to capture coupon and price returns of the underlying portfolio Base date for the Index : August 31, 2011 Index portfolio marked-to-market on a daily basis using CRISIL Gilt and Bond valuations Derived index from the following sub-indices CRISIL Composite Gilt Index CRISIL AAA Long Term Bond Index CRISIL AAA Medium Term Bond Index CRISIL AAA Short Term Bond Index CRISIL AA and AA+ Long Term Bond Index CRISIL AA and AA+ Medium Term Bond Index CRISIL AA and AA+ Short Term Bond Index

Key Characteristics Liquidity: The index seeks to capture the movement in a portfolio consisting of most liquid government and corporate securities by using appropriate market representation Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by having the valuations close to the market levels

Methodology Weights for the broad categories of Corporate Bonds and G-Sec are to be based on the FPI investment limits on these categories which shall be reviewed monthly. In case there is change in limits for FPI Investments mid-month, the same will be reflected in the next month’s rebalancing. Weights within each residual maturity category of corporate debt (shall be split between AAA, AA, AA+ rated issuers) and government securities will be based on issuance pattern for these categories in the previous calendar year and shall be reviewed annually. Index valued on a daily basis using CRISIL Valuation services Both INR and USD versions of the index series will be constructed.

Sub-Indices Weights as on 01 Feb 2019

CRISIL Composite Gilt Index 44%

CRISIL AAA Long Term Bond Index 12%

CRISIL AAA Medium Term Bond Index 15%

CRISIL AAA Short Term Bond Index 12%

CRISIL AA and AA+ Long Term Bond Index 10%

CRISIL AA and AA+ Medium Term Bond Index 4% CRISIL AA and AA+ Short Term Bond Index 3%

List of CRISIL Indices – Objectives and Inception Dates

Sr. Inception Index Objective No. date Composite Indices CRISIL Composite Bond To track the performance of a debt portfolio that includes government 1 31-Mar-02 Fund Index securities and AAA/AA+/AA rated corporate bonds CRISIL Short Term Bond To track the performance of a debt portfolio that includes government 2 31-Mar-02 Fund Index securities, AAA/AA+/AA rated corporate bonds, CPs and CDs. To track the performance of a debt portfolio that includes TREPS, CPs and 3 CRISIL Liquid Fund Index 31-Mar-02 CDs. CRISIL Low Duration Debt To track the performance of low duration debt portfolio comprising of short 4 1-Jan-97 Index term AAA/AA+/AA rated bonds, CPs and CDs. To track the performance of an ultra-short term debt portfolio comprising of CRISIL Ultra Short Term 5 Treasury Bills, short term AAA/AA+/AA rated corporate bonds, CPs and 1-Jan-97 Debt Index CDs. CRISIL Medium Term Debt To track the performance of a medium term debt portfolio comprising of 6 1-Oct-04 Index government securities and AAA/AA+/AA rated corporate bonds. To track the performance of a medium to long term debt portfolio CRISIL Medium To Long 7 comprising of government securities and AAA/AA+/AA rated corporate 1-Jan-97 Term Debt Index bonds. CRISIL Long Term Debt To track the performance of a long term debt portfolio comprising of 8 1-Oct-04 Index government securities and AAA/AA+/AA rated corporate bonds. To track the performance of a corporate debt portfolio comprising of CRISIL Long Term 9 AAA/AA+/AA/AA- rated corporate bonds with residual maturity greater than 31-Mar-02 Corporate Bond Index 5 years. To track the performance of a corporate debt portfolio comprising of CRISIL Medium Term 10 AAA/AA+/AA/AA- rated corporate bonds of residual maturity greater than 3 31-Mar-02 Corporate Bond Index years and up to 5 years. CRISIL Short Term To track the performance of a corporate debt portfolio comprising of 11 31-Mar-02 Corporate Bond Index AAA/AA+/AA/AA- rated corporate bonds of residual maturity up to 3 years. CRISIL Corporate Bond To track the performance of a corporate debt portfolio comprising of across 12 31-Mar-02 Composite Index maturity AAA/AA+/AA/AA- rated corporate bonds CRISIL Composite Credit To track the performance of a credit risk debt portfolio comprising of across 13 31-Mar-02 Risk Index the maturity AAA/AA+/AA/AA-/A/A+/A- rated corporate bonds. To track the performance of a corporate debt portfolio comprising of CRISIL Short Term Credit 14 AAA/AA+/AA/AA-/A/A+/A- rated corporate bonds with residual maturities 31-Mar-02 Risk Index up to 3 years. CRISIL Dynamic Debt To track the performance of a debt portfolio that includes government 15 31-Mar-02 Index securities and AAA/AA+/AA rated corporate bonds across maturities Gilt Indices To track the performance of a portfolio comprising of most liquid 16 CRISIL Dynamic Gilt Index 1-Jan-97 government securities without any maturity constraints. CRISIL Short Term Gilt To track the performance of a portfolio of government securities with 17 1-Oct-04 Index residual maturity up to five years

Sr. Inception Index Objective No. date CRISIL Medium Term Gilt To track the performance of a portfolio of government securities with 18 1-Oct-04 Index residual maturity greater than five and up to ten years CRISIL Long Term Gilt To track the performance of a portfolio of government securities with 19 1-Oct-04 Index residual maturity greater than ten years To track the performance of a portfolio comprising most liquid government CRISIL Composite Gilt 20 securities, in each of the long term, medium term and short term maturity 1-Oct-04 Index segments CRISIL 10 Year Gilt Index seeks to track the performance of the 10 year 21 CRISIL 10 Year Gilt Index 1-Sep-01 benchmark government security Credit Indices CRISIL AAA Long Term To track the performance of a long-term debt portfolio consisting of AAA 22 31-Mar-02 Bond Index rated corporate bonds with residual maturity greater than five years To track the performance of a medium-term debt portfolio consisting of CRISIL AAA Medium Term 23 AAA rated corporate bonds with residual maturity greater than three and up 31-Mar-02 Bond Index to five years CRISIL AAA Short Term To track the performance of a short-term debt portfolio consisting of AAA 24 31-Mar-02 Bond Index rated corporate bonds with residual maturity up to three years To track the performance of a long-term debt portfolio consisting of "AA", CRISIL Composite AA 25 "AA+" and "AA-" rated corporate bonds with residual maturity greater than 31-Mar-02 Long Term Bond Index five years To track the performance of a medium-term debt portfolio consisting of CRISIL Composite AA 26 "AA", "AA+" and "AA-" rated corporate bonds with residual maturity greater 31-Mar-02 Medium Term Bond Index than three and up to five years To track the performance of a short-term debt portfolio consisting of "AA", CRISIL Composite AA 27 "AA+" and "AA-" rated corporate bonds with residual maturity up to three 31-Mar-02 Short Term Bond Index years To track the performance of a long-term debt portfolio consisting of "AA" CRISIL AA and AA+ Long 28 rated and "AA+" rated corporate bonds with residual maturity greater than 31-Mar-02 Term Bond Index five years To track the performance of a medium-term debt portfolio consisting of CRISIL AA and AA+ 29 "AA" rated and "AA+" rated corporate bonds with residual maturity greater 31-Mar-02 Medium Term Bond Index than three and up to five years To track the performance of a short-term debt portfolio consisting of "AA" CRISIL AA and AA+ Short 30 rated and "AA+" rated corporate bonds with residual maturity up to three 31-Mar-02 Term Bond Index years CRISIL AA Long Term To track the performance of a long-term debt portfolio consisting of "AA" 31 31-Mar-02 Bond Index rated corporate bonds with residual maturity greater than five years CRISIL AA+ Long Term To track the performance of a long-term debt portfolio consisting of "AA+" 32 31-Mar-02 Bond Index rated corporate bonds with residual maturity greater than five years CRISIL AA- Long Term To track the performance of a long-term debt portfolio consisting of "AA-" 33 31-Mar-02 Bond Index rated corporate bonds with residual maturity greater than five years To track the performance of a medium-term debt portfolio consisting of CRISIL AA Medium Term 34 "AA" rated corporate bonds with residual maturity greater than three and up 31-Mar-02 Bond Index to five years

Sr. Inception Index Objective No. date To track the performance of a medium-term debt portfolio consisting of CRISIL AA+ Medium Term 35 "AA+" rated corporate bonds with residual maturity greater than three and 31-Mar-02 Bond Index up to five years To track the performance of a medium-term debt portfolio consisting of CRISIL AA- Medium Term 36 "AA-" rated corporate bonds with residual maturity greater than three and 31-Mar-02 Bond Index up to five years CRISIL AA Short Term To track the performance of a short-term debt portfolio consisting of "AA" 37 31-Mar-02 Bond Index rated corporate bonds with residual maturity up to three years CRISIL AA+ Short Term To track the performance of a short-term debt portfolio consisting of "AA+" 38 31-Mar-02 Bond Index rated corporate bonds with residual maturity up to three years CRISIL AA- Short Term To track the performance of a short-term debt portfolio consisting of "AA-" 39 31-Mar-02 Bond Index rated corporate bonds with residual maturity up to three years CRISIL A Medium to Long To track the performance of a medium to long-term debt portfolio consisting 40 31-Mar-02 Term Bond Index of A rated corporate bonds with residual maturity greater than three years CRISIL A Short Term Bond To track the performance of a short-term debt portfolio consisting of A rated 41 31-Mar-02 Index corporate bonds with residual maturity up to three years CRISIL AAA up to 1 Year To track the performance of a short-term debt portfolio consisting of AAA 42 31-Mar-02 Short Term Bond Index rated corporate bonds with residual maturity up to 1 year To track the performance of a short-term debt portfolio consisting of AAA CRISIL AAA 1 to 3 Year rated corporate bonds with residual maturity greater than one and up to 43 Short Term Bond Index 31-Mar-02 three years CRISIL AA and AA+ up to To track the performance of a short-term debt portfolio consisting of AA 44 1 Year Short Term Bond 31-Mar-02 Index and AA+ rated corporate bonds with residual maturity up to 1 year CRISIL AA and AA+ 1 to 3 To track the performance of a short-term debt portfolio consisting of AA 45 Year Short Term Bond and AA+ rated corporate bonds with residual maturity greater than one and 31-Mar-02 Index up to three years Hybrid Indices To track the performance of an equity-oriented hybrid portfolio having a CRISIL Hybrid 35+65 - 46 blend of the S&P BSE 200 TR(65%) and CRISIL Composite Bond Fund 31-Mar-02 Aggressive Index Index (35%) CRISIL Hybrid 50+50 - To track the performance of an hybrid portfolio having a blend of the S&P 47 31-Mar-02 Moderate Index BSE 200 TR(50%) and CRISIL Composite Bond Fund Index (50%) To track the performance of an debt-oriented hybrid portfolio having a CRISIL Hybrid 65+35 - 48 blend of the S&P BSE 200 TR(35%) and CRISIL Composite Bond Fund 31-Mar-02 Conservative Index Index (65%) To track the performance of a debt-oriented hybrid portfolio having a blend CRISIL Hybrid 85+15 - 49 of the S&P BSE 200 TR(15%) and CRISIL Composite Bond Fund Index 31-Mar-02 Conservative Index (85%) To track the performance of a debt-oriented hybrid portfolio having a blend CRISIL Short Term Debt 50 of S&P BSE 200 TR(40%) and CRISIL Short Term Bond Fund Index 31-Mar-02 Hybrid 60+40 Fund Index (60%).

Sr. Inception Index Objective No. date To track the performance of a debt-oriented hybrid portfolio having a blend CRISIL Short Term Debt 51 of S&P BSE 200 TR(25%) and CRISIL Short Term Bond Fund Index 31-Mar-02 Hybrid 75+25 Fund Index (75%). To track the performance of an equity-oriented hybrid portfolio having a CRISIL Hybrid 25+75 - 52 blend of S&P BSE 200 TR(75%) and CRISIL Composite Bond Fund Index 31-Mar-02 Aggressive Index (25%). To track the performance of an debt-oriented hybrid portfolio having a CRISIL Hybrid 75+25 - 53 blend of S&P BSE 200 TR(25%) and CRISIL Composite Bond Fund Index 31-Mar-02 Conservative Index (75%). To track the performance of an equity-oriented hybrid portfolio having a 54 CRISIL Arbitrage Index blend of S&P BSE Arbitrage Rate Index (70%) and CRISIL Liquid Fund 31-Jan-12 Index (30%). To track the performance of an equity-oriented hybrid portfolio having a CRISIL Equity Savings 55 blend of S&P BSE Arbitrage Rate Index (35%), S&P BSE Sensex 50 TR 31-Jan-12 Index (35%) and CRISIL Short Term Bond Fund Index (30%).

Money Market Indices To track the performance of a money market portfolio with a 100% 56 CRISIL Overnight Index 17-Sep-03 allocation to TREPS To track the performance of a portfolio of CDs with residual maturity around 57 CRISIL 1 Month CD Index 31-Mar-02 1 month To track the performance of a portfolio of CDs with residual maturity around 58 CRISIL 2 Month CD Index 31-Mar-02 2 months To track the performance of a portfolio of CDs with residual maturity around 59 CRISIL 3 Month CD Index 31-Mar-02 3 months To track the performance of a portfolio of CDs with residual maturity around 60 CRISIL 6 Month CD Index 31-Mar-02 6 months To track the performance of a portfolio of CDs with residual maturity 61 CRISIL 1 Year CD Index 31-Mar-02 around 1 year CRISIL Composite CD 62 To track the performance of a portfolio of CDs across maturities 30-Sep-10 Index To track the performance of a portfolio of CPs with residual maturity around 63 CRISIL 1 Month CP Index 31-Mar-02 1 month To track the performance of a portfolio of CPs with residual maturity around 64 CRISIL 2 Month CP Index 31-Mar-02 2 months To track the performance of a portfolio of CPs with residual maturity around 65 CRISIL 3 Month CP Index 31-Mar-02 3 months To track the performance of a portfolio of CPs with residual maturity around 66 CRISIL 6 Month CP Index 31-Mar-02 6 months To track the performance of a portfolio of CPs with residual maturity 67 CRISIL 1 Year CP Index 31-Mar-02 around 1 year CRISIL Composite CP 68 To track the performance of a portfolio of CPs across maturities 30-Apr-07 Index

Sr. Inception Index Objective No. date 69 CRISIL 1 Month T-bill Index To track the performance of 1 Month T-Bill 31-Mar-02 70 CRISIL 2 Month T-bill Index To track the performance of 2 Month T-Bill 31-Mar-02 71 CRISIL 91 Day T-bill Index To track the performance of the 'on-the-run' 91 Day T-Bill 1-Jan-95 72 CRISIL 182 day T-Bill Index To track the performance of the ‘on-the-run’ 182 Day T-Bill 31-Mar-02 73 CRISIL 1 Year T-bill Index To track the performance of the 'on-the-run' 1 Year T-Bill 1-Jan-95 CRISIL Composite T-Bill 74 To track the performance of T-Bills across maturities 8-Apr-05 Index To track the performance of a money market portfolio comprising of a blend CRISIL Money Market 75 of Commercial Papers (CP), Certificates of Deposits (CD) and Treasury 1-Jan-95 Index Bills (T-Bill). Dollar Denominated Indices CRISIL Composite Bond To track the performance of CRISIL Composite Bond Fund Index (CRISIL 76 31-Mar-02 Fund Dollar Index Compbex) converted in USD denomination CRISIL Short Term Bond To track the performance of CRISIL Short Term Bond Fund Index (CRISIL 77 31-Mar-02 Fund Dollar Index Stbex) converted in USD denomination CRISIL Liquid Fund Dollar To track the performance of CRISIL Liquid Fund Index (CRISIL Liquifex) 78 31-Mar-02 Index converted in USD denomination CRISIL 91 Day T-Bill Dollar To track the performance of CRISIL 91 Day T-Bill Index converted in USD 79 25-Aug-98 Index denomination CRISIL 1 Year T-Bill Dollar To track the performance of CRISIL 1 Year T-Bill Index converted in USD 80 25-Aug-98 Index denomination CRISIL 10 Year Gilt Dollar To track the performance of CRISIL 10 Year Gilt Index converted in USD 81 1-Sep-01 Index denomination To track the performance of CRISIL Gilt Index converted in USD 82 CRISIL Gilt Dollar Index 25-Aug-98 denomination 83 CRISIL FPI Dollar Index To capture the performance of CRISIL FPI Index in USD denomination 31-Aug-11 Banking and PSU Indices CRISIL Medium to Long To track the performance of a debt portfolio that includes corporate bonds 84 31-Mar-02 Term Banking Debt Index issued by Banks with residual maturity greater than 3 years CRISIL Short Term To track the performance of a debt portfolio that includes corporate bonds 85 31-Mar-02 Banking Debt Index issued by Banks with residual maturity up to 3 years To track the performance of a debt portfolio that includes corporate bonds CRISIL Medium to Long 86 issued by Public Sector Units (PSU) with residual maturity greater than 3 31-Mar-02 Term PSU Debt Index years CRISIL Short Term PSU To track the performance of a debt portfolio that includes corporate bonds 87 31-Mar-02 Debt Index issued by Public Sector Units (PSU) with residual maturity up to 3 years To track the performance of a debt portfolio that includes corporate bonds CRISIL Banking and PSU 88 issued by Public Sector Units (PSU) and Banks along with certificates of 31-Mar-02 Debt Index deposits issued by banks across maturities FPI Indices

Sr. Inception Index Objective No. date To represent the investments of foreign portfolio investors in Indian debt market by tracking the performance of a debt portfolio that includes 89 CRISIL FPI Index government securities and AAA/AA rated corporate bonds, which will be 31-Aug-11 compliant to the regulatory guidelines put forth for Foreign Portfolio Investors with regards to the fixed income market. Commodity Indices To track the performance of gold in the domestic market and is based on 90 CRISIL Gold Index 2-Jan-07 landed price of gold in Mumbai. SDL Indices To track the performance of a portfolio comprising of state development 91 CRISIL 10 Year SDL Index loans issued by the state governments in India with residual maturity 1-Apr-05 around 10 Years.

About CRISIL Limited CRISIL is a leading agile and innovative, global analytics company driven by its mission of making markets function better. We are India’s foremost provider of ratings, data, research, analytics and solutions. A strong track record of growth, culture of innovation and global footprint sets us apart. We have delivered independent opinions, actionable insights, and efficient solutions to over 1, 00,000 customers. We are majority owned by S&P Global Inc., a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.

About CRISIL Research CRISIL Research is India's largest independent integrated research house. We provide insights, opinion and analysis on the Indian economy, industry, capital markets and companies. We also conduct training programs to financial sector professionals on a wide array of technical issues. We are India's most credible provider of economy and industry research. Our industry research covers 86 sectors and is known for its rich insights and perspectives. Our analysis is supported by inputs from our large network sources, including industry experts, industry associations and trade channels. We play a key role in India's fixed income markets. We are the largest provider of valuation of fixed income securities to the mutual fund, insurance and banking industries in the country. We are also the sole provider of debt and hybrid indices to India's mutual fund and life insurance industries. We pioneered independent equity research in India, and are today the country's largest independent equity research house. Our defining trait is the ability to convert information and data into expert judgments and forecasts with complete objectivity. We leverage our deep understanding of the macro-economy and our extensive sector coverage to provide unique insights on micro-macro and cross-sectoral linkages. Our talent pool comprises economists, sector experts, company analysts and information management specialists.

CRISIL Privacy CRISIL respects your privacy. We use your contact information, such as your name, address, and email id, to fulfil your request and service your account and to provide you with additional information from CRISIL and other parts of S&P Global Inc. and its subsidiaries (collectively, the “Company”) you may find of interest. For further information, or to let us know your preferences with respect to receiving marketing materials, please visit www.crisil.com/privacy. You can view the Company’s Customer Privacy at https://www.spglobal.com/privacy

Last updated: April 2016

Disclaimer CRISIL Research, a division of CRISIL Limited (CRISIL) has taken due care and caution in preparing this Report based on the information obtained by CRISIL from sources which it considers reliable (Data). However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Data / Report and is not responsible for any errors or omissions or for the results obtained from the use of Data / Report. This Report is not a recommendation to invest / disinvest in any company / entity covered in the Report and no part of this report should be construed as an investment advice. CRISIL especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this Report. CRISIL Research operates independently of, and does not have access to information obtained by CRISIL’s Ratings Division / CRISIL Risk and Infrastructure Solutions Limited (CRIS), which may, in their regular operations, obtain information of a confidential nature. The views expressed in this Report are that of CRISIL Research and not of CRISIL’s Ratings Division / CRIS. No part of this Report may be published / reproduced in any form without CRISIL’s prior written approval.