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s Jain Sachin AnalystsResearch [email protected] Mutual Fund Activity compared at SIP crore NFOs crore NFOs) with Inflows a flows . July in record during compared June into August August 12, 2021 seeing to continue Highlights | . July equity 9155 high inflows to • to collected crore at inflow funds rise PRODUCT 1 | at in and 9609 | June of continued 8900 | came | 13700 2021 crore 5800 (ex in . - ICICI Securities – Retail Equity Research Source: ACE MF, MF, ACE Source: Top buy/sell across AMCs: Large Cap ICICI Direct Research. Note: Largecaps/Midcaps/Smallcaps Largecaps/Midcaps/Smallcaps Note: Research. Direct ICICI Info Ltd. Edge () Ltd. OfBank Baroda Ltd. Zinc Hindustan Ltd. Products Consumer Tata Ltd. Healthcare Cadila Ltd. India Of Ltd. India Authority Ltd. Industries Grasim Ltd. (India) Colgate-Palmolive Top 10 Sells in Largecap JSW Steel Ltd. Steel JSW Hero MotoCorp Ltd. Ltd. Zone Ltd. Economic and Special Ports Adani CoHDFC Ltd. Insurance Life Ltd. Spirits United Ltd. Enterprises Adani Ltd. Industries Britannia Ltd. Bank Yes NMDC Ltd. Top 10 Buys in Largecap ICICI Ltd. Securities Retail| MF Research a s defined by by defined s AMFI. Socks above above Socks AMFI. Market Value(crs) Market Value(crs) Jul-21 Jul-21 7099 6037 3652 5546 3247 2009 2987 4217 1050 4603 3891 1448 6079 7143 3071 1515 3671 3330 122 155 | 50 crore crore 50 | Jun-21 Jun-21 6972 5891 4106 5873 3883 1836 3015 4556 1178 3948 3745 1349 5683 6568 2735 1373 3309 1972 136 156 holding were considered were holding Shares(lakhs) Jul-21 Shares(lakhs) Jul-21 1028 4548 2103 1076 1767 1838 136 733 554 171 272 625 141 901 479 107 107 38 62 74 Jun-21 Jun-21 1080 4780 2309 1398 1071 142 779 602 187 304 577 129 808 957 413 40 70 67 91 91 2

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Research. Note: Largecaps/Midcaps/Smallcaps Largecaps/Midcaps/Smallcaps Note: Research. Direct ICICI MF, ACE Source: Top buy/sell across AMCs: Midcap Container Corporation Of Corporation Ltd. India Container Ltd. Tyres Apollo Ltd. and Retail Fashion Birla Aditya Ltd. Company Finance Transport Shriram Ltd. Chemicals Tata Idea Ltd. Ltd. . Developers Macrotech Gas Ltd. Indraprastha Ltd. GMR Infrastructure Top 10 Buys in Midcap (India) Ltd. (India) Dixon Technologies Ltd. Express Dart Blue Ltd. Indigo Paints Ltd. Tubes Apollo APL Ltd. ICICI Securities Ltd. Holdings Finance L&T Ltd. Services Mahindra Financial Mahindra & Ltd. Corporation Finance Railway Canara Ltd. Chemicals Amines Alkyl Top 10 Sells in Midcap ICICI Ltd. Securities Retail| MF Research a s defined by by defined s AMFI. Socks above above Socks AMFI. Market Value(crs) Market Value(crs) Jul-21 Jul-21 3921 1771 2699 2033 1460 3663 2079 1049 1531 248 134 192 175 420 201 818 333 676 606 153 | 50 crore crore 50 | Jun-21 Jun-21 3864 1599 2329 1749 1191 2716 2299 1068 1813 250 116 118 127 482 210 791 390 852 774 166 holding were considered were holding Shares(lakhs) Jul-21 Shares(lakhs) Jul-21 1203 3004 1011 2938 609 793 146 191 657 617 113 377 395 25 22 48 60 8 8 3 Jun-21 Jun-21 1079 2516 1154 3427 553 711 130 165 487 400 123 420 510 20 17 52 66 8 8 5 3

ICICI Securities – Retail Equity Research Source: ACE MF, Note: Largecaps/Midcaps/Smallcaps Largecaps/Midcaps/Smallcaps Note: MF, ACE Source: Top buy/sell across AMCs: Smallcap SpiceJet Ltd. SpiceJet Ltd. Housing Finance Ltd. Logistics Allcargo Ltd. DCM Shriram Ltd. Logistics Aegis Ltd. Services Financial Oswal Motilal Ltd. Minds Technologies Happiest Ltd. Services Financial Edelweiss Top 10 Sells in Smallcap Ador Welding Ltd. Welding Ador Ltd. Pokarna IIFL Wealth Management Ltd. Management Wealth IIFL Ltd. Estate Real Indiabulls Ltd. Arvind Ltd. Chemicals Speciality Privi Ltd. Stainless Jindal Ltd. Nazara Technologies Ltd. Exports Gokaldas DFM Ltd. Foods Ltd. Corporation Development HousingUrban & Ltd. Castalloy Alicon Top 10 Buys in Smallcap a s defined by AMFI. Socks above |50 crores holding were considered were holding crores |50 above Socks AMFI. by defined s ICICI Ltd. Securities Retail| MF Research Market Value(crs) Market Value(crs) Jul-21 Jul-21 277 111 300 380 133 158 176 138 206 241 174 120 76 63 58 99 95 95 70 51 Jun-21 Jun-21 369 115 135 174 364 473 127 102 112 90 73 87 85 95 73 83 22 19 55 0 Shares(lakhs) Shares(lakhs) Jul-21 Jul-21 101 104 104 170 127 385 10 16 77 50 10 35 32 28 13 35 14 15 9 9 Jun-21 Jun-21 108 141 176 130 104 13 21 72 15 51 46 47 81 76 16 7 7 7 5 0 4

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Research. Note: Stock holding above | 50 crore is considered is crore 50 | above holding Stock Note: Research. Direct ICICI MF, ACE Source: AMC wise: Top Buys and Top Holdings Ltd. Industries Britannia Ltd. Power & Steel Jindal Gas Ltd. Indraprastha Ltd. India Bata Ltd. NMDC Ltd. Ltd. India Polycab Ltd. Zomato Ltd. GR Infraprojects Corporation Solutions Cognizant Technology Top 10 Buys Ltd. Grameen CreditAccess NMDC Ltd. Ltd. Industries Finolex Ltd. Ceramics Kajaria Ltd. Enterprises Adani Ltd. Aeronautics Hindustan Ltd. Ltd. Zomato Ltd. GR Infraprojects Ltd. Technology And Science Clean Top 10 Buys ICICI Prudential AMC ICICI Prudential Market Value(crs) Market Value(crs) Jul-21 Jul-21 SBI AMC 837 267 158 164 115 184 338 205 163 325 100 566 382 63 90 72 58 84 78 51 Jun-21 Jun-21 526 136 143 235 66 25 34 40 21 53 39 62 56 36 ------Jul-21 Jul-21 424 138 184 24 62 28 13 91 20 25 40 22 ICICI Ltd. Securities Retail| MF Research 4 6 4 6 6 9 2 3 Shares(lakhs) Shares(lakhs) Jun-21 Jun-21 128 14 34 12 22 19 29 2 5 1 4 4 6 1 ------%Change %Change 139% 148% 148% 320% 478% 70% 80% 28% 38% 44% 45% 45% 62% 75% ------ITC Ltd. Toubro & Ltd. Larsen Ltd. Industries Reliance Ltd. Industries Sun Pharmaceutical Ltd. NTPC Ltd. Bank Axis HDFC Ltd. Bank Ltd. Ltd. Airtel Bharti Ltd. ICICI Bank Top 10 Holdings Ltd. Bank Axis Toubro & Ltd. Larsen Of Bank India State Ltd. Bank Mahindra Kotak Ltd. Services Consultancy Tata Ltd. Corporation Finance Housing Development Ltd. Industries Reliance Ltd. ICICI Bank Ltd. Infosys HDFC Ltd. Bank Top 10 Holdings ICICI Prudential AMC ICICI Prudential Market Value(crs) Market Value(crs) Jul-21 Jul-21 10134 13199 12255 17344 18261 19582 23792 SBI AMC 4998 5129 5456 6543 6758 7146 9567 9689 7398 7704 8292 8390 9209 Jun-21 Jun-21 11680 12058 17662 16612 18814 24475 5056 4729 5663 5995 6889 7306 8121 9700 9147 7593 7087 7944 8388 9421 Jul-21 Jul-21 2439 5718 1008 1804 1934 1043 1920 2675 1216 1668 320 268 845 671 602 481 507 291 502 852 Shares(lakhs) Shares(lakhs) Jun-21 Jun-21 2494 5919 1740 1851 1015 1895 2633 1190 1634 315 268 888 976 542 614 472 492 282 487 837 %Change %Change 24% -2% -5% -3% -2% 2% 0% 3% 4% 4% 3% 2% 1% 3% 3% 3% 2% 2% 2% 2% 5

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Direct ICICI MF, ACE Source: AMC wise: Top Buys and Top Holdings Ltd. Motors Tata Ltd. Finserv Bajaj Ltd. Lifesciences Astec Ltd. Gas Indraprastha Ltd. Finance Manappuram Ltd. India Granules Burger King Ltd. India Ltd. Development Westlife Ltd. Zomato Ltd. Technologies Nazara Top 10 Buys Ltd. Ltd. Housing Finance LIC Ltd. Enterprises Adani Ltd. Company Insurance General ICICI Lombard NMDC Ltd. Ltd. Zomato Ltd. Corporation Development Urban Housing & Ltd. GR Infraprojects Ltd. Technology And Science Clean Ltd. India Abbott Top 10 Buys Research. Note: Stock holding above |50 crore is considered is crore |50 above holding Stock Note: Research. Market Value(crs) Market Value(crs) Nippon AMC HDFC AMC Jul-21 Jul-21 127 114 421 278 356 157 400 590 115 244 52 63 63 52 53 74 72 64 61 59 Jun-21 Jun-21 306 130 174 305 27 46 20 14 10 41 38 19 1 ------Jul-21 Jul-21 280 143 300 106 183 64 76 17 35 18 35 2 4 9 3 8 5 4 7 0 Shares(lakhs) Shares(lakhs) ICICI Ltd. Securities Retail| MF Research Jun-21 Jun-21 0.4 90 31 28 54 1 2 6 9 2 9 3 1 ------%Change %Change 105% 176% 183% 286% 360% 107% 223% 303% 59% 82% 86% 94% ------Oil & Natural Gas Corporation Ltd. Corporation Gas Natural & Oil Ltd. Airtel Bharti Grid Corp ofPower Ltd India Ltd. Bank Axis Ltd. Industries Reliance Ltd. NTPC Ltd. Infosys Of Bank India State Ltd. ICICI Bank HDFC Ltd. Bank Top 10 Holdings Ltd. Airtel Bharti Ltd. Bank Axis ITC Ltd. Ltd. Industries Reliance Ltd. NTPC Toubro & Ltd. Larsen HDFC Ltd. Bank Ltd. Infosys Ltd. ICICI Bank Of Bank India State Top 10 Holdings Market Value(crs) Market Value(crs) Nippon AMC HDFC AMC Jul-21 Jul-21 10080 10318 2845 3000 3100 3189 3554 3963 4070 4833 6242 6704 3734 4049 4217 4631 5087 5714 6341 7872 Jun-21 Jun-21 2986 2627 3140 3278 3533 4057 4369 4813 6003 6999 3582 4166 4385 4843 5015 5625 6371 8164 9328 9875 Jul-21 Jul-21 2468 1811 3353 1119 2058 4304 1477 2390 534 450 175 253 915 470 665 571 228 357 445 489 Shares(lakhs) Shares(lakhs) Jun-21 Jun-21 2537 1801 3485 1148 2163 4309 1479 2356 500 438 167 276 951 467 681 557 229 375 425 516 %Change %Change -3% -4% -9% -3% -4% -2% -5% -1% -5% -5% 7% 1% 3% 4% 1% 3% 0% 5% 0% 1% 6

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Direct ICICI MF, ACE Source: AMC wise: Top Buys and Top Holdings Multi Commodity Exchange OfExchange Ltd. India Commodity Multi Zone Ltd. Economic and Special Ports Adani Software Ltd. Sonata Ltd. India and Systems ABBProducts Power Gas Ltd. Indraprastha Ltd. Pharmaceuticals Glenmark Ltd. Cement Orient Ltd. Corporation Birla Ltd. Aeronautics Hindustan Ltd. Zomato Top 10 Buys Ltd. Enterprises Adani Ltd. Vedanta Co. Finance Transport Shriram Ltd. Corporation Petroleum Hindustan Ltd. India Polycab Ltd. Power & Steel Jindal Ltd. Laboratories Alkem NMDC Ltd. Coforge Ltd. Ltd. Zomato Top 10 Buys Research. Note: Stock holding above |50 crore is considered is crore |50 above holding Stock Note: Research. Aditya Birla Sunlife AMC Sunlife Birla Aditya Market Value(crs) Market Value(crs) Jul-21 Jul-21 UTI AMC UTI 401 130 100 227 214 149 161 136 114 134 531 245 77 57 69 52 51 71 93 73 Jun-21 Jun-21 273 150 103 126 48 36 44 65 26 30 13 13 81 53 65 44 41 90 - - Jul-21 Jul-21 184 170 59 23 63 71 11 62 32 74 10 3 5 7 4 9 3 6 7 4 Shares(lakhs) Shares(lakhs) ICICI Ltd. Securities Retail| MF Research Jun-21 Jun-21 39 12 22 57 43 16 22 3 5 2 4 1 1 5 8 3 1 2 - - %Change %Change 101% 113% 188% 226% 412% 142% 232% 385% 52% 53% 53% 54% 22% 24% 40% 44% 46% 92% - - Ltd. Finance Bajaj Ltd. Industries Reliance Ltd. Bank Axis Ltd. Bank Mahindra Kotak Of Bank India State Ltd. Airtel Bharti Ltd. Corporation Finance Housing Development HDFC Ltd. Bank Ltd. Infosys Ltd. ICICI Bank Top 10 Holdings Ltd. Bank Axis Ltd. Airtel Bharti Ltd. Bank Mahindra Kotak Ltd. Finance Bajaj Ltd. Services Consultancy Tata Ltd. Corporation Finance Housing Development Ltd. Industries Reliance Ltd. ICICI Bank HDFC Ltd. Bank Ltd. Infosys Top 10 Holdings Aditya Birla Sunlife AMC Sunlife Birla Aditya Market Value(crs) Market Value(crs) Jul-21 Jul-21 UTI AMC UTI 1935 1939 2159 2166 2204 2446 2501 4727 5640 6514 2451 2657 2910 3034 3316 5099 5541 6084 7934 8115 Jun-21 Jun-21 1845 2052 2352 2227 2148 2167 2470 5006 5712 5950 2581 2448 2952 2818 3721 5041 5587 5510 8005 7948 Jul-21 Jul-21 305 131 510 435 102 331 350 954 346 473 176 105 209 272 891 556 504 31 95 49 Shares(lakhs) Shares(lakhs) Jun-21 Jun-21 314 131 512 412 100 334 361 943 345 466 173 111 204 265 873 534 503 31 97 47 %Change %Change -2% -3% -1% -3% -6% 1% 0% 0% 6% 3% 1% 0% 2% 2% 4% 3% 3% 2% 4% 0% 7

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Direct ICICI MF, ACE Source: AMC wise: Top Buys and Top Holdings Vodafone Ltd. Idea Ltd. Siemens Co. Finance Transport Shriram Toubro & Infotech Ltd. Larsen NMDC Ltd. Ltd. Paints Asian Ltd. Motors Tata Ltd. Leyland Ashok Ltd. India Ltd. Zomato Top 10 Buys Ltd. Ltd. Auto Bajaj Ltd. Chemicals Speciality Privi Gas Ltd. Indraprastha Ltd. Enterprise Hospitals Apollo Ltd. Castalloy Alicon Ltd. Zomato Ltd. Textiles Vardhman Ltd. Chem Pharma Chintan Tatva Ltd. Technology And Science Clean Top 10 Buys Research. Note: Stock holding above |50 crore is considered is crore |50 above holding Stock Note: Research. Kotak Mahindra AMCMahindra Kotak Market Value(crs) Market Value(crs) Jul-21 Jul-21 Axis AMC Axis 102 124 245 182 182 135 258 162 137 282 468 309 83 69 68 70 65 62 83 69 Jun-21 Jun-21 59 39 25 35 78 49 55 12 49 25 9 7 6 4 ------Jul-21 Jul-21 1239 351 135 194 62 51 22 13 25 18 4 3 4 5 3 6 2 4 7 8 Shares(lakhs) Shares(lakhs) ICICI Ltd. Securities Retail| MF Research Jun-21 Jun-21 592 0.1 42 16 10 2 2 1 2 2 0 4 1 1 1 - - - - - %Change %Change 1342% 2069% 6236% 109% 122% 168% 208% 218% 272% 280% 438% 198% 200% 523% ------SRF SRF Ltd. Toubro & Ltd. Larsen Ltd. Bank Axis Ltd. Cement Ultratech Ltd. Services Consultancy Tata Ltd. Industries Reliance Of Bank India State Ltd. Infosys HDFC Ltd. Bank Ltd. ICICI Bank Top 10 Holdings Info Ltd. Edge (India) Ltd. Bank Mahindra Kotak HDFC Ltd. Ltd. Laboratories Divi's Ltd. ICICI Bank Ltd. Infosys HDFC Ltd. Bank Ltd. Services Consultancy Tata Ltd. Supermarts Avenue Ltd. Finance Bajaj Top 10 Holdings Kotak Mahindra AMCMahindra Kotak Market Value(crs) Market Value(crs) Axis AMC Axis Jul-21 Jul-21 2313 2655 2826 2893 3167 3422 3785 4311 5255 7187 4267 4312 4361 4543 4604 4675 6617 6936 7127 9518 Jun-21 Jun-21 1944 2120 2973 2596 3359 3991 3584 4238 5480 6931 3997 5095 4556 3962 3744 4570 6655 7326 6811 9087 Jul-21 Jul-21 1053 166 399 100 168 877 268 368 261 179 675 290 464 219 204 153 27 38 82 93 Shares(lakhs) Shares(lakhs) Jun-21 Jun-21 1099 141 397 100 189 855 268 366 299 184 593 289 444 219 204 151 27 38 81 90 %Change %Change -11% -13% 17% 14% -1% -4% -3% 0% 0% 0% 3% 0% 1% 1% 3% 0% 4% 0% 0% 1% 8

ICICI Securities – Retail Equity Research Source: ACE MF, ICICI Direct Direct ICICI MF, ACE Source: AMC wise: Top Buys and Top Holdings Ltd. Bank Mahindra Kotak Of Ltd. India Authority Steel Co. Engineering & Techno Electric Ltd. Appliances Gandhimathi Butterfly Of Corporation Ltd. India Container Ltd. Tech Mahindra Ltd. Technologies Sandhar Gas Ltd. Indraprastha NMDC Ltd. Ltd. Dial Just Top 10 Buys Ltd. Pharma Aurobindo Ltd. NTPC Ltd. Thermax Corp Ltd. Quess Co Ltd. HDFC Insurance Life Ltd ofSciences Medical Institute Krishna Ltd. Company and Finance Investment Cholamandalam Ltd. Zomato Ltd. Systems Sumi Motherson Ltd. Technology And Science Clean Top 10 Buys Research. Note: Stock holding above |50 crore is considered is crore |50 above holding Stock Note: Research. Market Value(crs) Market Value(crs) Mirae AMC Mirae Jul-21 Jul-21 DSP AMCDSP 716 234 226 690 144 454 103 566 109 882 444 481 222 62 53 81 94 72 87 59 Jun-21 Jun-21 580 162 168 502 195 442 634 224 38 83 26 34 87 58 75 14 - - - - Jul-21 Jul-21 360 165 107 479 133 43 74 12 18 81 44 10 11 13 37 18 95 8 5 3 Shares(lakhs) Shares(lakhs) ICICI Ltd. Securities Retail| MF Research Jun-21 Jun-21 124 380 34 51 72 11 35 18 92 24 5 8 0 9 4 9 3 - - - %Change %Change 132% 141% 554% 27% 32% 45% 47% 49% 56% 69% 25% 26% 30% 36% 44% 56% - - - - Ltd. Bank Axis Ltd. Airtel Bharti Ltd. Atul Ltd. Cement Ultratech Ltd. Laboratories Ipca Ltd. Steel Tata Ltd. Finance Manappuram HDFC Ltd. Bank Ltd. Infosys Ltd. ICICI Bank Top 10 Holdings Ltd. Ltd. India Suzuki Maruti Ltd. Services Consultancy Tata Ltd. Airtel Bharti Of Bank India State Ltd. Industries Reliance Ltd. Bank Axis Ltd. Infosys HDFC Ltd. Bank Ltd. ICICI Bank Top 10 Holdings Market Value(crs) Market Value(crs) Mirae AMC Mirae Jul-21 AMCDSP Jul-21 1038 1077 1095 1207 1235 1246 1286 2112 2246 3449 1401 1635 2019 2387 2464 2650 3476 5146 5316 5501 Jun-21 Jun-21 1056 1058 1117 1095 1179 1018 2161 2821 3118 1124 1755 2117 2072 2221 2910 3233 5156 5390 5032 977 Jul-21 Jul-21 146 192 620 148 139 505 425 571 130 490 320 373 806 12 16 59 87 54 23 64 Shares(lakhs) Shares(lakhs) Jun-21 Jun-21 141 201 603 144 178 494 394 530 138 432 326 360 798 12 16 58 84 53 23 63 %Change %Change -22% 13% -5% -3% -2% -6% -2% 4% 1% 4% 3% 3% 2% 2% 0% 1% 8% 8% 4% 1% 9

ICICI Securities – Retail Equity Research Pankaj Pandey [email protected] (East) Andheri Road no.7, MIDC 1 Limited,Securities ICICI Desk,Research Direct ICICI Head st Floor, AkrutiTrade Centre, – ICICI Ltd. Securities Retail| MF Research Research – 400 400 093 [email protected] 10

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ICICI Securities – Retail Equity Research

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