MF EQUITY TRADE ANALYSIS June 2019 A view on Equity MF category

9,00,000 14,783 16,000 14,000 11,251 8,50,000 10,585 10,790 12,000

10,000 In (Rs)Crs 7,758 7,585 8,00,000 8,000 5,923

In Crs (Rs) Crs In 5,082 6,000 4,442 4,640 4,513 4,968 7,50,000 4,000 2,000 7,00,000 - Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Equity AUM Equity Net Inflows

• The AUM of the mutual fund industry diminished by 6% to Rs 7,58,541 7,57,739 Equity Drivers 24.25-lakh cr in June-2019. • The drop in the overall AUM has mainly been due to the poor performance of domestic markets. • However, there was an increase in equity contribution towards

In Crs (Rs) Crs In total AUM on account of higher inflows • Industry has witnessed a decrease in gross sales and as well as 7,585 redemption in June-2019. May 19 June 19 Source:-AMFI -8,387

Equity AUM Equity Net Inflows Capital App/Dep Quarterly Average AUM

Apr-Jun'19 Jan-Mar'19 Inc/Dec in Apr-Jun'19 Jan-Mar'19 Inc/Dec in Mutual Fund Name (In Crs) (In Crs) AUM Mutual Fund Name (In Crs) (In Crs) AUM HDFC Mutual Fund 3,62,763 3,43,244 19,519 Baroda Mutual Fund 11,164 11,309 (145) ICICI Prudential Mutual Fund 3,38,646 3,21,164 17,482 JM Financial Mutual Fund 7,710 8,712 (1,002) SBI Mutual Fund 3,07,822 2,84,124 23,698 PRINCIPAL Mutual Fund 7,280 7,091 189 Aditya Birla Sun Life Mutual Fund 2,54,182 2,46,696 7,486 BNP Paribas Mutual Fund 7,237 7,202 35 Reliance Mutual Fund 2,23,272 2,34,292 (11,021) IDBI Mutual Fund 6,486 8,980 (2,494) Kotak Mahindra Mutual Fund 1,61,382 1,50,029 11,353 DHFL Pramerica Mutual Fund 5,407 7,622 (2,216) UTI Mutual Fund 1,57,866 1,59,694 (1,829) Mahindra Mutual Fund 4,972 4,748 224 Franklin Templeton Mutual Fund 1,25,941 1,19,842 6,099 Mutual Fund 4,530 4,808 (278) Axis Mutual Fund 1,02,267 89,768 12,500 Union Mutual Fund 4,307 4,259 48 IDFC Mutual Fund 82,476 69,559 12,917 BOI AXA Mutual Fund 3,127 3,625 (499) DSP Mutual Fund 77,596 78,340 (745) PPFAS Mutual Fund 2,116 1,805 311 L&T Mutual Fund 73,497 70,944 2,552 IL & FS Mutual Fund 1,523 1,593 (69) Tata Mutual Fund 53,287 54,194 (907) IIFL Mutual Fund 1,523 1,640 (118) Sundaram Mutual Fund 31,016 30,433 583 Quantum Mutual Fund 1,514 1,424 90 Mirae Asset Mutual Fund 29,261 24,191 5,070 YES Mutual Fund 1,421 2,000 (579) Invesco Mutual Fund 24,644 24,000 644 Essel Mutual Fund 1,040 1,416 (376) Motilal Oswal Mutual Fund 19,694 19,122 572 IIFCL Mutual Fund 564 580 (16) LIC Mutual Fund 16,025 15,240 785 Taurus Mutual Fund 435 424 11 Canara Robeco Mutual Fund 15,860 14,594 1,266 Quant Mutual Fund 217 196 21 Edelweiss Mutual Fund 12,123 11,660 463 Shriram Mutual Fund 133 124 9 HSBC Mutual Fund 12,022 11,536 486 Sahara Mutual Fund 54 55 (1) Source:-AMFI SEBI Stock Categorisation

• SEBI has defined large cap, mid cap and small cap companies in order to ensure uniformity in respect of the investment universe for equity mutual fund schemes.

• Accordingly, AMFI, in consultation with SEBI and Stock Exchanges, prepare the list of stocks, based on the data provided by (BSE), National Stock Exchange (NSE) and Metropolitan Stock Exchange of (MSEI).

• As per the definition- • Large-Cap Stocks- First 100 companies based on full market capitalization • Mid-cap Stocks- 101th to 250th companies based on full market capitalization • Small-cap Companies- Remaining stocks will be consider as small-cap

Source:-AMFI Sector Heat-Map

(% Of Net Asset) Sectors Jun-19 May-19 Apr-19 Mar-19 Feb-19 Jan-19 Dec-18 Nov-18 Oct-18 Sep-18 Aug-18 Jul-18 Automobile 5.1 5.1 5.5 5.7 6.3 6.3 7.0 7.2 7.3 7.7 8.2 8.5 Cement & Cement Products 2.3 2.3 2.2 2.0 1.9 1.8 1.9 1.9 2.0 2.1 2.1 2.0 Chemicals 2.5 2.5 2.3 2.3 2.2 2.4 2.3 2.4 2.3 2.3 2.2 2.1 Construction 5.3 5.5 5.0 5.1 4.7 4.6 4.9 4.8 4.6 4.6 4.8 4.9 Consumer Goods 10.3 10.2 10.7 10.7 11.1 11.0 10.8 10.8 10.3 10.3 10.5 10.5 Energy 11.4 11.6 11.7 11.6 11.6 11.5 11.4 10.8 11.1 11.5 10.8 10.9 Fertilisers & Pesticides 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.1 1.1 1.1 1.2 Financial Services 33.8 33.4 32.6 33.0 31.5 31.7 31.3 30.9 29.8 28.3 30.0 30.3 Healthcare Services 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Industrial Manufacturing 4.2 4.2 4.1 4.1 4.0 4.0 4.1 4.1 4.1 4.2 4.2 4.3 IT 9.4 9.2 9.8 9.3 10.1 10.2 9.2 9.4 10.0 10.4 9.6 9.2 Media & Entertainment 0.9 0.9 1.0 1.0 1.0 1.0 1.1 1.0 1.1 1.1 1.1 1.1 Metals 3.8 3.7 4.0 4.1 4.2 4.3 4.5 4.5 4.7 4.5 3.8 3.6 Paper 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.0 0.1 0.0 Pharma 5.1 5.0 5.5 5.4 5.6 5.7 5.6 6.0 6.6 6.9 6.5 6.1 Services 2.0 2.1 2.1 2.1 2.0 2.1 2.2 2.2 2.0 2.0 2.0 2.1 Telecom 2.1 2.1 1.5 1.5 1.6 1.5 1.6 1.7 1.8 1.8 1.9 2.0 Textiles 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.9 1.0 1.0 1.0

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds Source:- ICRA MFI Changes in Sector Exposure

Market Value Market Value May Change in Sector Name June 2019 (In Crs) 2019 (In Crs) exposure

Healthcare Services 1,331 1,217 114 Paper 161 173 (11) Metals 18,332 18,419 (87) Media & Entertainment 4,243 4,472 (229) Textiles 2,744 2,992 (248) Pharma 24,889 25,172 (283) Fertilisers & Pesticides 5,264 5,555 (292) IT 45,666 46,067 (401) Telecom 10,103 10,529 (426) Chemicals 11,998 12,556 (558) Cement & Cement Products 11,098 11,727 (629) Services 9,908 10,658 (750) Industrial Manufacturing 20,284 21,087 (803) Consumer Goods 50,189 51,048 (859) Automobile 24,657 25,723 (1,066) Construction 26,053 27,498 (1,445) Financial Services 1,64,720 1,66,946 (2,226) Energy 55,549 58,022 (2,472)

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds Source:- ICRA MFI Popular Stocks in the Industry Volume Shockers Market Value Shockers TOP 10 HOT STOCKS TOP 10 HOT STOCKS June'19 May'19 Change June'19 May'19 Change COMPANY NAME (In Lacs) (In Lacs) (M-o-M) COMPANY NAME (In Lacs) (In Lacs) (M-o-M) Cholamandalam Investment and Finance Company 1,160 Ltd. 232 928 ICICI Bank Ltd. 48,922 47,622 1,301 Ltd. 913 564 349 Shriram Transport Finance Co. Ltd. 1,534 527 1,007 Motherson Sumi Systems Ltd. 2,797 2,561 236 Emami Ltd. 2,731 1,966 765 Ltd. 324 153 171 NTPC Ltd. 15,906 15,164 742 Co. Ltd. 2,730 2,588 142 Tata Consultancy Services Ltd. 14,905 14,187 718 Syngene International Ltd 223 105 118 Ltd. 11,702 11,018 684 Ltd. 1,501 1,387 115 Ltd. 5,017 4,478 539 3,710 3,604 106 Motherson Sumi Systems Ltd. 3,411 2,954 457 Shriram Transport Finance Co. Ltd. 142 45 97 Vedanta Ltd. 5,548 5,254 293 Aster DM Healthcare Ltd. 157 69 89 Ltd. 5,329 5,041 287 TOP 10 COLD STOCKS TOP 10 COLD STOCKS June'19 May'19 Change June'19 May'19 Change COMPANY NAME (In Lacs) (In Lacs) (M-o-M) COMPANY NAME (In Lacs) (In Lacs) (M-o-M) Ltd. 14,636 14,850 -214 Ltd. 22,231 23,654 -1,423 Ltd. 864 1,068 -205 Gail (India) Ltd. 4,829 6,056 -1,227 Power Grid Corporation of India Ltd. 2,082 2,284 -202 Corporation Ltd. 4,898 5,755 -857 State 9,559 9,754 -195 Larsen & Toubro Ltd. 29,641 30,228 -587 Reliance Power Ltd. 40 230 -190 Ltd. 887 1,367 -480 Ltd. 3,450 3,618 -168 Ltd. 24,376 24,841 -466 IDFC Ltd. 1,010 1,161 -151 India Ltd. 8,113 8,548 -434 Suzlon Energy Ltd. - 137 -137 Ltd. 3,740 4,158 -418 Gail (India) Ltd. 1,548 1,678 -130 Ltd. 16,567 16,974 -407 NTPC Ltd. 11,253 11,380 -127 Ltd. 5,452 5,843 -390

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds Source:- ICRA MFI Popular Stocks Large-Cap Universe (Based on % change in No. of shares)

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) Biocon Ltd. Pharma 324.0 153.1 112% 811.9 829.5 -2% Ltd Consumer Goods 53.2 45.4 17% 353.0 312.5 13% Bharti Infratel Ltd Telecom 16.3 14.1 15% 43.4 37.9 14% IndusInd Bank Ltd. Financial Services 295.7 264.9 12% 4,170.3 4,252.6 -2% Adani Ports and Special Economic Zone Ltd. Services 213.2 191.6 11% 874.5 797.7 10% Ltd. Consumer Goods 334.7 301.8 11% 1,957.6 1,672.1 17% Ltd. Pharma 640.3 579.2 11% 1,547.7 1,436.3 8% Motherson Sumi Systems Ltd. Automobile 2,797.1 2,560.8 9% 3,411.1 2,953.9 15% United Breweries Ltd. Consumer Goods 96.0 88.6 8% 1,285.1 1,190.9 8% Hero MotoCorp Ltd. Automobile 109.6 101.7 8% 2,830.1 2,725.1 4%

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) IDBI Bank Ltd. Financial Services 3.0 11.3 -73% 1.1 4.2 -75% Indiabulls Housing Finance Ltd. Financial Services 7.6 10.2 -26% 46.1 80.3 -43% Piramal Enterprises Ltd Pharma 3.9 4.9 -19% 76.6 108.4 -29% UPL Ltd. Fertilisers & Pesticides 158.2 183.1 -14% 1,483.0 1,828.9 -19% Yes Bank Ltd. Financial Services 815.8 925.2 -12% 887.1 1,367.5 -35% Power Grid Corporation of India Ltd. Energy 2,081.8 2,284.3 -9% 4,307.3 4,324.2 0% Gail (India) Ltd. Energy 1,548.1 1,677.7 -8% 4,829.3 6,056.5 -20% Ltd. Metals 1,315.6 1,418.2 -7% 6,636.0 6,925.1 -4% Financial Services 1,408.4 1,506.5 -7% 1,120.3 1,215.0 -8% Ltd. IT 463.2 492.2 -6% 1,299.3 1,409.7 -8%

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds Source: - ICRA MFI Popular Stocks Large-Cap Universe (Based on % change in Market Value)

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) United Spirits Ltd. Consumer Goods 334.7 301.8 11% 1,957.6 1,672.1 17% Motherson Sumi Systems Ltd. Automobile 2,797.1 2,560.8 9% 3,411.1 2,953.9 15% NMDC Ltd. Metals 435.8 422.6 3% 492.3 428.1 15% Bharti Infratel Ltd Telecom 16.3 14.1 15% 43.4 37.9 14% Godrej Consumer Products Ltd Consumer Goods 53.2 45.4 17% 353.0 312.5 13% HDFC Asset Management Co. Ltd. Financial Services 16.4 17.1 -4% 338.6 303.8 11% Avenue Supermarts Ltd. Consumer Goods 194.4 185.3 5% 2,717.4 2,451.3 11% Adani Ports and Special Economic Zone Ltd. Services 213.2 191.6 11% 874.5 797.7 10% Container Corporation Of India Ltd. Services 320.9 318.9 1% 1,829.3 1,690.3 8% United Breweries Ltd. Consumer Goods 96.0 88.6 8% 1,285.1 1,190.9 8%

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) IDBI Bank Ltd. Financial Services 3.0 11.3 -73% 1.1 4.2 -75% Indiabulls Housing Finance Ltd. Financial Services 7.6 10.2 -26% 46.1 80.3 -43% Yes Bank Ltd. Financial Services 815.8 925.2 -12% 887.1 1,367.5 -35% Piramal Enterprises Ltd Pharma 3.9 4.9 -19% 76.6 108.4 -29% Gail (India) Ltd. Energy 1,548.1 1,677.7 -8% 4,829.3 6,056.5 -20% UPL Ltd. Fertilisers & Pesticides 158.2 183.1 -14% 1,483.0 1,828.9 -19% Hindustan Petroleum Corporation Ltd. Energy 1,688.8 1,774.9 -5% 4,898.3 5,755.2 -15% Vodafone Idea Ltd. Telecom 14,635.8 14,849.5 -1% 1,778.3 2,071.5 -14% Ltd. Financial Services 210.0 213.7 -2% 1,131.4 1,264.7 -11% The New India Assurance Company Ltd. Financial Services 66.8 68.1 -2% 99.8 111.4 -10%

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds Source:- ICRA MFI Popular Stocks Mid-Cap Universe (Based on % change in No. of shares)

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) Cholamandalam Investment and Finance Company Ltd. Financial Services 1,160.0 231.5 401% 3,313.6 3,548.9 -7% Shriram Transport Finance Co. Ltd. Financial Services 141.9 45.3 214% 1,533.7 526.9 191% Syngene International Ltd Pharma 223.2 104.9 113% 745.2 702.9 6% Relaxo Footwear Consumer Goods 148.5 74.1 100% 643.9 625.3 3% Hindustan Aeronautics Ltd. Industrial Manufacturing 19.9 12.1 65% 142.3 85.8 66% Emami Ltd. Consumer Goods 913.1 564.3 62% 2,731.0 1,965.5 39% Godrej Properties Ltd. Construction 54.9 36.2 52% 550.6 321.3 71% Ltd. Healthcare Services 254.0 197.8 28% 330.5 247.8 33% Ltd. IT 104.8 90.1 16% 971.9 881.2 10% Ltd. Pharma 120.2 104.2 15% 643.0 553.6 16%

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) Tata Communications Ltd. Telecom - 4.3 -100% - 23.0 -100% Graphite India Ltd. Industrial Manufacturing 31.9 58.8 -46% 106.9 245.9 -57% IIFL Finance Ltd. Financial Services 27.5 36.1 -24% 39.1 68.3 -43% Apollo Tyres Ltd. Automobile 863.6 1,068.3 -19% 1,732.9 2,077.9 -17% Gmr Infrastructure Ltd. Construction 168.5 197.2 -15% 25.1 30.6 -18% . Consumer Goods 7.0 8.1 -13% 34.1 39.7 -14% Aavas Financiers Ltd. Financial Services 61.0 68.3 -11% 914.2 969.5 -6% Quess Corp Ltd. Services 79.8 88.7 -10% 461.8 577.0 -20% Oriental Bank of Commerce Ltd. Financial Services 241.3 267.8 -10% 227.6 266.0 -14% PNB Housing Finance Ltd. Financial Services 107.5 118.2 -9% 832.7 992.7 -16%

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds

Source:- ICRA MFI Popular Stocks Mid-Cap Universe (Based on % change in Market Value)

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) Shriram Transport Finance Co. Ltd. Financial Services 141.9 45.3 214% 1,533.7 526.9 191% Godrej Properties Ltd. Construction 54.9 36.2 52% 550.6 321.3 71% Hindustan Aeronautics Ltd. Industrial Manufacturing 19.9 12.1 65% 142.3 85.8 66% Emami Ltd. Consumer Goods 913.1 564.3 62% 2,731.0 1,965.5 39% Fortis Healthcare Ltd. Healthcare Services 254.0 197.8 28% 330.5 247.8 33% Manappuram Finance Ltd. Financial Services 268.4 234.3 15% 370.9 315.8 17% Abbott India Ltd. Pharma 12.5 12.2 2% 1,104.4 949.2 16% Natco Pharma Ltd. Pharma 120.2 104.2 15% 643.0 553.6 16% Ltd. Energy 569.7 566.5 1% 1,602.5 1,393.2 15% Tata Global Beverages Ltd Consumer Goods 658.0 635.2 4% 1,774.7 1,549.8 15%

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) Tata Communications Ltd. Telecom - 4.3 -100% - 23.0 -100% Graphite India Ltd. Industrial Manufacturing 31.9 58.8 -46% 106.9 245.9 -57% IIFL Finance Ltd. Financial Services 27.5 36.1 -24% 39.1 68.3 -43% Quess Corp Ltd. Services 79.8 88.7 -10% 461.8 577.0 -20% Symphony Ltd Consumer Goods 58.4 57.9 1% 719.9 882.0 -18% Ltd. Metals 663.5 718.9 -8% 942.6 1,150.7 -18% Gmr Infrastructure Ltd. Construction 168.5 197.2 -15% 25.1 30.6 -18% Apollo Tyres Ltd. Automobile 863.6 1,068.3 -19% 1,732.9 2,077.9 -17% Edelweiss Financial Services Ltd Financial Services 289.7 289.9 0% 491.9 588.1 -16% PNB Housing Finance Ltd. Financial Services 107.5 118.2 -9% 832.7 992.7 -16%

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds Source: - ICRA MFI Popular Stocks Small-Cap Universe (Based on % change in No. of shares)

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) Alkyl Amines Chemicals Ltd. Chemicals 0.6 0.0 1167% 5.0 0.4 1156% Digicontent Ltd. Media & Entertainment 34.9 7.3 380% 4.6 2.1 126% International Paper APPM Ltd. Paper 2.2 0.8 193% 9.4 3.2 194% Aster DM Healthcare Ltd. Healthcare Services 157.3 68.5 130% 197.8 102.6 93% Pennar Industries Ltd. Metals 149.8 86.9 72% 49.5 32.2 54% Hester Biosciences Ltd. Pharma 0.1 0.0 70% 1.1 0.6 82% Birlasoft Ltd. IT 222.8 158.8 40% 206.3 152.8 35% Ccl Products (India) Ltd. Consumer Goods 35.2 25.7 37% 89.7 66.0 36% D B Corp Ltd. Media & Entertainment 46.4 35.9 29% 89.1 70.7 26% Procter & Gamble Health Ltd. Pharma 3.2 2.6 25% 132.2 105.6 25%

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) Prakash Pipes Ltd. Industrial Manufacturing 0.0 0.4 -95% 0.0 0.3 -94% Reliance Power Ltd. Energy 40.4 230.0 -82% 1.7 17.1 -90% Bombay Burmah Trading Corporation Ltd. Consumer Goods 2.5 7.6 -67% 23.1 87.6 -74% Clariant Chemicals (India) Ltd. Chemicals 3.7 10.3 -64% 11.1 31.5 -65% Bhansali Engineering Polymers Ltd. Industrial Manufacturing 4.4 10.6 -59% 2.7 7.5 -63% Parag Milk Foods Ltd. Consumer Goods 4.9 11.5 -57% 12.6 27.6 -54% Shalby Ltd. Healthcare Services 1.6 3.2 -50% 1.8 4.0 -55% Max India Ltd. Healthcare Services 69.3 129.4 -46% 47.0 84.1 -44% Balaji Amines Ltd. Chemicals 0.8 1.3 -42% 2.8 5.3 -46% Career Point Ltd. Services 1.8 2.6 -31% 1.2 1.9 -33%

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds

Source:- ICRA MFI Popular Stocks Small-Cap Universe (Based on % change in Market Value) No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) Alkyl Amines Chemicals Ltd. Chemicals 0.6 0.0 1167% 5.0 0.4 1156% International Paper APPM Ltd. Paper 2.2 0.8 193% 9.4 3.2 194% Digicontent Ltd. Media & Entertainment 34.9 7.3 380% 4.6 2.1 126% Aster DM Healthcare Ltd. Healthcare Services 157.3 68.5 130% 197.8 102.6 93% Hester Biosciences Ltd. Pharma 0.1 0.0 70% 1.1 0.6 82% Pennar Industries Ltd. Metals 149.8 86.9 72% 49.5 32.2 54% Ion Exchange (India) Ltd Construction 5.6 5.6 0% 37.2 26.9 38% Ccl Products (India) Ltd. Consumer Goods 35.2 25.7 37% 89.7 66.0 36% Birlasoft Ltd. IT 222.8 158.8 40% 206.3 152.8 35% Dhanuka Agritech Ltd. Fertilisers & Pesticides 45.3 39.9 14% 194.9 150.2 30%

No of shares- No of shares- Market Value- Market Value- % Change in No % Change in Company Name Sector Name June 2019 May 2019 June 2019 May 2019 of Shares Market Value (In Lacs) (In Lacs) (In Crs) (In Crs) Prakash Pipes Ltd. Industrial Manufacturing 0.0 0.4 -95% 0.0 0.3 -94% Reliance Power Ltd. Energy 40.4 230.0 -82% 1.7 17.1 -90% Bombay Burmah Trading Corporation Ltd. Consumer Goods 2.5 7.6 -67% 23.1 87.6 -74% Clariant Chemicals (India) Ltd. Chemicals 3.7 10.3 -64% 11.1 31.5 -65% Bhansali Engineering Polymers Ltd. Industrial Manufacturing 4.4 10.6 -59% 2.7 7.5 -63% Kridhan Infra Ltd. Construction 19.8 19.8 0% 1.9 4.8 -59% Shalby Ltd. Healthcare Services 1.6 3.2 -50% 1.8 4.0 -55% Parag Milk Foods Ltd. Consumer Goods 4.9 11.5 -57% 12.6 27.6 -54% B L Kashyap & Sons Ltd. Construction 42.6 42.6 0% 3.5 7.2 -52% Mcleod Russel India Ltd. Consumer Goods 113.5 113.5 0% 18.8 37.7 -50%

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds Source:- ICRA MFI Popular Stocks New Entrants and Exits

No of Market Market No of shares- Change in Change in shares- Value- Value- Company Name Market Cap Sector Name May 2019 (In No of Market June 2019 June 2019 May 2019 Lacs) Shares Value (In Lacs) (In Crs) (In Crs) Tata Communications Ltd. Mid Cap Telecom - 4.3 -4.25 - 23.0 -23.0 Wockhardt Ltd. Small Cap Pharma - 6.9 -6.88 - 26.8 -26.8 Hinduja Global Solutions Ltd. Small Cap IT - 3.8 -3.78 - 25.1 -25.1 Jain Irrigation Systems Ltd. Small Cap Industrial Manufacturing - 39.2 -39.17 - 19.5 -19.5 Reliance Capital Ltd. Small Cap Financial Services - 12.0 -12.00 - 14.6 -14.6 Suzlon Energy Ltd. Small Cap Industrial Manufacturing - 136.8 -136.80 - 7.5 -7.5 Sutlej Textiles and Industries Ltd. Small Cap Textiles - 7.2 -7.20 - 2.6 -2.6 Prakash Industries Ltd. Small Cap Metals - 3.1 -3.13 - 2.2 -2.2 IFCI Ltd Small Cap Financial Services - 6.7 -6.65 - 0.7 -0.7 Borosil Glass Works Ltd. Small Cap Construction - 0.1 -0.10 - 0.2 -0.2

No of Market Market No of shares- Change in Change in shares- Value- Value- Company Name Market Cap Sector Name May 2019 (In No of Market June 2019 June 2019 May 2019 Lacs) Shares Value (In Lacs) (In Crs) (In Crs) Sharda Motor Industries Ltd. Small Cap Automobile 0.1 - 0.06 0.8 - 0.8 Cosmo Films Ltd. Small Cap Industrial Manufacturing 1.0 - 1.05 2.4 - 2.4 GMM Pfaudler Ltd. Small Cap Industrial Manufacturing 0.5 - 0.52 7.1 - 7.1 Vaibhav Global Ltd. Small Cap Consumer Goods 17.6 - 17.63 150.5 - 150.5

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds Source:- ICRA MFI AMC’s Buying/Selling Activity

Diff - Diff - Diff - Diff - Shr Qty MV Shr Qty MV Shr Qty MV Shr Qty MV AMC No of Market AMC No of Market Jun'19 Jun'19 May'19 May'19 Jun'19 Jun'19 May'19 May'19 shares Value shares Value Aditya Aditya Cholamandalam Inv 205 584 41 631 163 -46 Vedanta Ltd. 104 182 201 323 -97 -141 Emami Ltd. 138 412 70 244 68 168 South Ltd. - - 62 9 -62 -9 IDFC First Bank Ltd. 1,145 495 1,105 501 40 -6 Tata Steel Ltd. 112 563 172 840 -60 -277 Biocon Ltd. 64 162 32 175 32 -13 Punjab National Bank 78 62 132 106 -54 -45 Sun Pharmaceuticals 178 713 147 603 31 110 Bharat Electronics Ltd. 637 717 685 764 -47 -48

Axis Axis

Motherson Sumi Systems 264 322 221 255 43 67 Torrent Power Ltd. 293 824 313 770 -20 54 Y T I V I T C A G N I L L E S Cholamandalam Inv 40 114 8 119 32 -6 DLF Ltd. - - 12 23 -12 -23 GRUH Finance Ltd. 574 1,586 548 1,742 26 -156 Quess Corp Ltd. 8 45 14 91 -6 -46 Bank of Baroda 16 20 2 2 15 18 Larsen & Toubro Ltd. 57 891 62 964 -5 -73 Indian Hotels Co. Ltd. 22 34 10 15 12 19 ICICI Bank Ltd. 317 1,385 320 1,357 -4 27 DSP DSP Equitas Holdings Ltd. 136 164 23 32 113 132 Welspun India Ltd. 341 195 421 232 -81 -37 Motherson Sumi Systems 203 247 159 183 44 64 Reliance Power Ltd. - - 54 4 -54 -4 Pennar Industries Ltd. 41 14 - - 41 14 Power Grid Corp 1 2 48 90 -47 -88 199 720 166 586 33 133 ONGC 85 143 114 196 -29 -53 NTPC Ltd. 255 360 224 298 31 62 Pennar Engineered Bldg - - 23 14 -23 -14 Franklin Franklin Vodafone Idea Ltd. 7,367 895 7,197 1,004 170 -109 Apollo Tyres Ltd. 140 282 176 343 -36 -62

BUYING DigicontentACTIVITY Ltd. 28 4 - - 28 4 Ltd. - - 21 72 -21 -72

Techno Electric & Engineer 20 54 - - 20 54 Techno Electric And Eng - - 20 50 -20 -50

ONGC 15 25 - - 15 25 Yes Bank Ltd. 284 309 301 445 -17 -136 Jagran Prakashan Ltd. 154 168 141 162 13 5 Axis Bank Ltd. 272 2,202 288 2,326 -15 -124 HDFC HDFC Cholamandalam Inv 327 934 65 1,003 262 -68 Gail (India) Ltd. 584 1,822 682 2,464 -99 -642 NLC India Ltd. 102 67 8 5 94 62 N H P C Ltd. 1,853 459 1,897 475 -45 -16 Aster DM Healthcare Ltd. 83 104 - - 83 104 ICICI Bank Ltd. 2,434 10,639 2,470 10,467 -37 171 Shriram Transport Fin 72 779 5 55 67 724 Yes Bank Ltd. 132 144 159 234 -27 -91 BHEL 554 406 494 347 60 59 Oriental Bank of Comm 225 212 252 250 -27 -38

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds No. of Shares given in lacs & Market Value given in Crs Source:- ICRA MFI AMC’s Buying/Selling Activity

Diff - Diff - Diff - Diff - Shr Qty MV Shr Qty MV Shr Qty MV Shr Qty MV AMC No of Market AMC No of Market Jun'19 Jun'19 May'19 May'19 Jun'19 Jun'19 May'19 May'19 shares Value shares Value ICICI ICICI Motherson Sumi System 1,080 1,318 1,012 1,168 68 150 Power Grid Corp 161 332 416 788 -255 -455 South Indian Bank Ltd. 475 62 409 58 66 4 NTPC Ltd. 4,664 6,593 4,911 6,544 -247 49 NLC India Ltd. 331 217 269 175 62 42 State Bank of India 1,342 4,848 1,440 5,078 -98 -229 Biocon Ltd. 98 245 41 221 57 24 IDFC Ltd. 408 141 468 177 -60 -35 Bank of Baroda 626 762 595 792 32 -31 ONGC 1,573 2,638 1,613 2,773 -40 -135

Kotak Kotak

Cadila Healthcare Ltd. 167 405 141 349 27 56 Suzlon Energy Ltd. - - 128 7 -128 -7 Y T I V I T C A G N I L L E S NTPC Ltd. 37 52 17 23 20 29 Reliance Power Ltd. - - 106 8 -106 -8 Adani Power Ltd 72 37 60 30 12 7 South Indian Bank Ltd. - - 68 10 -68 -10 V-Guard Industries Ltd. 34 84 23 55 12 29 Vodafone Idea Ltd. 59 7 82 11 -23 -4 Godrej Consumer Product 43 284 36 247 7 38 Sun Pharmaceuticals 5 22 27 111 -22 -89 Reliance Reliance ITC Ltd. 770 2,109 692 1,927 78 182 Apollo Tyres Ltd. 41 81 137 266 -96 -185 Motherson Sumi Systems 313 382 238 275 75 107 State Bank of India 1,401 5,062 1,485 5,234 -84 -172 Biocon Ltd. 116 290 53 289 62 1 Equitas Holdings Ltd. 36 43 104 145 -68 -102 Birlasoft Ltd. 62 60 - - 62 60 BPCL 171 671 216 884 -45 -213 Ltd. 112 283 52 133 59 150 Reliance Home Finance - - 42 9 -42 -9 SBI SBI Cholamandalam Inv 216 618 43 663 173 -45 Vodafone Idea Ltd. 1,722 209 2,056 287 -334 -78

BUYING EmamiACTIVITY Ltd. 393 1,177 233 811 161 366 NLC India Ltd. - - 127 82 -127 -82

Power Grid Corp 88 181 18 34 70 148 ITC Ltd. 771 2,112 841 2,343 -70 -231

Relaxo Footwear 104 450 52 438 52 12 Bharat Electronics Ltd. 265 298 320 357 -55 -59 Adani Ports and SEZ 73 301 38 160 35 141 UPL Ltd. 47 444 74 739 -27 -296 UTI UTI Syngene International Ltd 63 210 30 203 32 7 NLC India Ltd. 74 48 100 65 -27 -17 Cholamandalam Inv 36 103 7 111 29 -8 Max India Ltd. 54 37 66 43 -12 -6 Motherson Sumi Systems 180 220 172 198 9 22 NTPC Ltd. 231 327 243 324 -12 3 RBL Bank Ltd. 22 137 15 103 7 35 ICICI Bank Ltd. 391 1,708 401 1,700 -10 8 Emami Ltd. 27 82 23 79 5 2 Indian Oil Corporation 121 189 131 216 -10 -28

Note: Funds considered for the data include all equity and hybrid categories excluding arbitrage funds No. of Shares given in lacs & Market Value given in Crs Source:- ICRA MFI

Disclaimer

The Investors shall invest only on the basis of information contained in the draft prospectus/KIM’

“The information, analysis and estimates contained herein are based on (Nirmal bang Wealth Solutions Pvt Ltd) NBWS Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents NBWS Research opinion and is meant for general information only. NBWS Research, its directors, officers or employees shall not in any way be responsible for the contents stated herein. NBWS Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. NBWS Research, its affiliates and their employees may from time to time hold units of mutual funds referred to herein. This report does not support to be an offer for purchase of this bond issue.”

“Mutual Fund Investments are subject to market risk. Please read the offer document carefully before Investing.”

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