Fundcard

Aditya Birla Sun Life Tax Relief 96

Value Research Fund Rating as on Nov 30, 2017

Open-ended and Equity: Tax Saving

Risk Grade – Low

Return Grade – Above Average

NAV – Rs. 158.10 as on Dec 8, 2017

Net Assets – Rs. 4349.5 crore as on Nov 30, 2017

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
Aditya Birla Sun Life Tax Relief 96
Rating: Fund Performance Vs S&P BSE 200
Risk: Low
Return: Above Average

Fund
S&P BSE 200
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 161.73 45.65 87.85 91.58 61.34 82.01 86.06 128.10 137.07 127.70 158.10
Total Return (%) 76.07 -62.67 102.77 13.46 -29.62 36.60 9.10 54.54 9.15 3.42 37.34
+/- S&P BSE 200 - - - - - - - - - - -
+/- S&P BSE Sensex 28.92 -10.22 21.74 -3.97 -4.98 10.90 0.12 24.65 14.18 1.47 12.46
Rank (Fund/Category) 4/26 26/29 2/32 30/37 33/36 6/37 11/37 19/73 7/70 47/78 28/81
52 Week High (Rs) - 167.72 87.85 98.16 92.10 82.01 86.06 128.12 143.72 147.38 173.80
52 Week Low (Rs) - 39.47 37.78 76.67 60.58 61.36 68.31 78.21 126.69 118.79 127.73
Net Assets (Rs.Cr) 700.70 409.56 1195.70 1634.41 1316.40 1510.79 1401.31 1808.99 1947.66 2422.56 3761.41
Expense Ratio (%) 2.30 2.21 2.09 1.96 1.96 1.97 2.42 2.32 2.38 2.39 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

Sundaram-Clayton Automobile 249.00 76.26 8.94 2017 14.16 5.80 5.39 - -

Honeywell Automation Engineering 70.50 91.20 7.36 2016 -4.16 7.45 7.15 -6.28 3.42
Gillette FMCG 83.50 64.86 6.76 2015 8.48 -1.80 -0.65 3.14 9.15
Johnson Controls - Hitachi Cons Durable 86.50 89.40 5.19 2014 5.67 19.58 8.91 12.30 54.54
Bayer CropScience Healthcare 44.90 -5.25 5.08 2013 -7.44 2.57 -1.26 16.38 9.10
Thomas Cook (India) Services 28.74 4.11
Glaxosmithkline Pharma Healthcare 64.40 -9.87 3.84 Trailing Returns (%)
Pfizer Healthcare 29.10 7.91 3.81 Return Rank S&P BSE SIP
ICRA Financial 42.50 -1.85 3.44 Fund Category Fund/Cat 200 Return
Shopper's Stop Services 87.06 3.43 Year-to-Date 37.34 34.70 28/81 29.44 -
Kotak Mahindra Bank Financial 50.70 40.31 2.96 3-Month 8.97 5.80 9/82 4.33 43.57
Reliance Industries Energy 18.10 70.53 2.69 6-Month 14.34 10.34 10/82 8.36 34.66
MRF Automobile 29.00 39.74 2.60 1-Year 37.41 32.42 18/81 27.54 34.91
Biocon Healthcare 72.70 64.53 2.60 2-Year 21.12 20.23 31/71 17.75 27.20
Zee Entertainment Ent. Services 37.70 24.22 2.29 3-Year 15.98 13.19 14/69 9.35 20.45
Jet Airways India Services 23.20 91.62 2.28 5-Year 21.66 18.03 3/34 13.48 23.13
Bosch Automobile 46.00 -6.76 2.24 7-Year 14.46 13.04 10/33 9.20 21.25
Maruti Suzuki India Automobile 35.80 69.85 2.12 10-Year 8.50 8.66 14/26 5.90 18.08
Indusind Bank Financial 30.80 50.94 1.98 Return less than 1-year are absolute and over 1 year are annualised
HDFC Bank Financial 29.40 52.79 1.81
Century Textiles & Inds. Diversified 58.40 65.56 1.66 Top 10 Sector Weights (%) Risk Analysis
HDFC Financial 35.70 32.86 1.61 Volatility Measurements
Fund S&P BSE 200
Yes Bank Financial 18.90 34.93 1.57
Financial 18.07 - Standard Deviation 13.38
ICICI Bank Financial 22.90 21.64 1.47
Grasim Industries Construction 46.80 31.42 1.38 Automobile 17.19 - Sharpe Ratio 0.87
Healthcare 15.78 - Beta 0.86
FUND STYLE Services 12.34 - R-Squared 0.76
Portfolio Characteristics Investment Style FMCG 10.51 - Alpha 9.65
Growth Blend Value
Total Stocks 51 Engineering 8.32 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

27556 Cons Durable 5.19 -

Portfolio P/B Ratio 5.46 Construction 4.05 - Equity 99.43
Portfolio P/E Ratio 40.62 Energy 2.69 - Debt 0.85
3Y Earnings Growth (%) 6.23 Technology 2.28 - Cash -0.28
Returns as on December 8, 2017, Portfolio related data as on November 30, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 387.28%
This fund had a great run in the initial years after launch, slipped behind The scheme seeks long-term
its category, sporting a moderate three-star rating for many years, and capital growth and will invest
has shown promise again since 2012. The fund has climbed from a three-
approximately 80 per cent of
star to a four-star rating in this period. It follows a multi-cap strategy, with
55-60 per cent large-cap exposure and the rest in small and mid caps. its assets in equity, while the
The strategy is bottom-up and uses a 360-degree view of a company in balance would be a invested
order to invest in compelling businesses without any size bias. The in debt and money market
investment philosophy of the fund is to invest in quality companies. This instrument. It was converted
QUARTER 138.12% involves selecting companies run by professional managements and
to an open-ended scheme
which have predictability of earnings and strong moats. The portfolio
reveals quite a few unconventional mid-cap picks as top holdings. The with effect from July 1999. A
fund's quality bias has also led to a number of MNC stocks figuring among combination of top down &
stock choices. The fund's year-by-year record since 1998 shows a few bottom up approach will be
bad patches. The fund has struggled in bear markets both in 2008 and
followed in the stock selection
2011, but it has also delivered sharply higher returns than the category
in the big bull years of 2007, 2009, 2012 and 2014. The fund suffered
process.
MONTH fund-manager shuffle in its initial years until 2006. The management team
50.46%
has remained very stable, with Ajay Garg at the helm from 2006. Overall,
it's a fund that sticks to quality mid caps for the long haul.

Portfolio Manager

Ajay Garg
Worst Performance Since Oct 2006

YEAR -65.58%

QUARTER -45.04%

MONTH -36.20%
Investment Information

AMC : Aditya Birla Sun Life AMC Ltd. Min Investment (Rs.) : 500
Website : mutualfund.adityabirlacapital.com Min SIP Investment (Rs.) : 500
Registrar : Computer Age Management Services Ltd. Exit Load : Nil
Launch : March 1996
Benchmark : S&P BSE 200
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (158.10) , Growth (31.06)

NAV S&P BSE 200

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.
Fundcard

Aditya Birla Sun Life Tax Savings Fund

Value Research Fund Rating as on Nov 30, 2017

Open-ended and Equity: Tax Saving

Risk Grade – Below Average

Return Grade – Average

NAV – Rs. 71.20 as on Dec 8, 2017

Net Assets – Rs. 27.0 crore as on Nov 30, 2017

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
Aditya Birla Sun Life Tax Savings Fund
Rating: Fund Performance Vs S&P BSE 100
Risk: Below Average
Return: Average

Fund
S&P BSE 100
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 37.32 13.07 25.52 32.13 25.28 30.39 31.26 46.30 50.12 51.70 71.20
Total Return (%) 38.27 -64.98 95.26 25.90 -21.32 20.21 2.86 48.11 8.25 3.15 37.72
+/- S&P BSE 100 - - - - - - - - - - -
+/- S&P BSE Sensex -8.88 -12.53 14.23 8.47 3.32 -5.49 -6.12 18.22 13.28 1.20 12.84
Rank (Fund/Category) 25/26 28/29 4/32 6/37 9/36 36/37 32/37 41/73 10/70 53/78 26/81
52 Week High (Rs) - 38.41 25.52 33.67 32.28 30.55 31.26 46.37 52.84 56.59 71.20
52 Week Low (Rs) - 11.82 10.99 24.32 24.96 25.18 25.77 29.57 45.79 43.44 51.72
Net Assets (Rs.Cr) 74.17 26.21 47.88 43.36 30.17 27.50 22.25 25.34 24.34 23.95 25.64
Expense Ratio (%) 2.50 2.50 2.50 2.50 2.50 2.50 2.82 2.82 2.97 3.01 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

Sundaram-Clayton Automobile 249.00 76.26 8.67 2017 14.49 5.66 5.56 - -

Honeywell Automation Engineering 70.50 91.20 7.11 2016 -4.25 7.42 6.91 -6.19 3.15
Gillette FMCG 83.50 64.86 6.53 2015 8.27 -1.76 -0.91 2.70 8.25
Johnson Controls - Hitachi Cons Durable 86.50 89.40 5.06 2014 6.17 18.38 4.20 13.09 48.11
Bayer CropScience Healthcare 44.90 -5.25 4.90 2013 -5.17 -0.17 -2.40 11.32 2.86
Thomas Cook (India) Services 28.74 3.91
Glaxosmithkline Pharma Healthcare 64.40 -9.87 3.69 Trailing Returns (%)
Pfizer Healthcare 29.10 7.91 3.61 Return Rank S&P BSE SIP
ICRA Financial 42.50 -1.85 3.37 Fund Category Fund/Cat 100 Return
Shopper's Stop Services 87.06 3.31 Year-to-Date 37.72 34.70 26/81 28.13 -
Kotak Mahindra Bank Financial 50.70 40.31 2.86 3-Month 8.84 5.80 12/82 3.80 42.82
Reliance Industries Energy 18.10 70.53 2.59 6-Month 14.62 10.34 7/82 7.76 34.30
MRF Automobile 29.00 39.74 2.51 1-Year 37.80 32.42 16/81 26.43 34.84
Biocon Healthcare 72.70 64.53 2.51 2-Year 21.09 20.23 32/71 16.98 27.33
Zee Entertainment Ent. Services 37.70 24.22 2.22 3-Year 15.63 13.19 16/69 8.07 20.36
Jet Airways India Services 23.20 91.62 2.20 5-Year 18.56 18.03 14/34 12.53 21.26
Bosch Automobile 46.00 -6.76 2.16 7-Year 12.45 13.04 18/33 8.71 18.58
Maruti Suzuki India Automobile 35.80 69.85 2.04 10-Year 7.33 8.66 17/26 5.52 16.44
Indusind Bank Financial 30.80 50.94 1.92 Return less than 1-year are absolute and over 1 year are annualised
HDFC Bank Financial 29.40 52.79 1.75
Century Textiles & Inds. Diversified 58.40 65.56 1.61 Top 10 Sector Weights (%) Risk Analysis
HDFC Financial 35.70 32.86 1.56 Volatility Measurements
Fund S&P BSE 100
Yes Bank Financial 18.90 34.93 1.52
Financial 17.65 - Standard Deviation 13.44
ICICI Bank Financial 22.90 21.64 1.42
Grasim Industries Construction 46.80 31.42 1.33 Automobile 16.69 - Sharpe Ratio 0.84
Healthcare 15.15 - Beta 0.87
FUND STYLE Services 11.86 - R-Squared 0.77
Portfolio Characteristics Investment Style FMCG 10.15 - Alpha 9.32
Growth Blend Value
Total Stocks 50 Engineering 8.08 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

27519 Cons Durable 5.06 -

Portfolio P/B Ratio 5.44 Construction 3.89 - Equity 96.28
Portfolio P/E Ratio 40.56 Energy 2.59 - Debt 4.59
3Y Earnings Growth (%) 6.77 Technology 2.21 - Cash -0.87
Returns as on December 8, 2017, Portfolio related data as on November 30, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 131.38%
Analysis not available The scheme aims to provide
medium to long-term growth of
capital along with income tax
rebate.

QUARTER 88.99%

MONTH 37.23%

Portfolio Manager

Ajay Garg
Worst Performance Since Oct 2014

YEAR -65.93%

QUARTER -51.46%

MONTH -41.10%
Investment Information

AMC : Aditya Birla Sun Life AMC Ltd. Min Investment (Rs.) : 500
Website : mutualfund.adityabirlacapital.com Min SIP Investment (Rs.) : 500
Registrar : Computer Age Management Services Ltd. Exit Load : Nil
Launch : March 2004
Benchmark : S&P BSE 100
All the graphs are rebased to 10,000 Plans (NAV) : Bonus (71.30) , Dividend (33.05) , Growth (71.20)

NAV S&P BSE 100

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.
Fundcard

DSP BlackRock Tax Saver Fund

Value Research Fund Rating as on Nov 30, 2017

Open-ended and Equity: Tax Saving

Risk Grade – Average

Return Grade – Above Average

NAV – Rs. 47.05 as on Dec 8, 2017

Net Assets – Rs. 3461.7 crore as on Oct 31, 2017

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
DSP BlackRock Tax Saver Fund
Rating: Fund Performance Vs Nifty 500
Risk: Average
Return: Above Average

Fund
Nifty 500
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 18.77 8.13 14.98 18.47 13.54 18.93 20.20 30.74 32.09 35.71 47.05
Total Return (%) - -56.68 84.22 23.26 -26.68 39.81 6.69 52.21 4.40 11.27 31.76
+/- Nifty 500 - - - - - - - - - - -
+/- S&P BSE Sensex - -4.23 3.19 5.83 -2.04 14.11 -2.29 22.32 9.43 9.32 6.88
Rank (Fund/Category) - 17/29 14/32 12/37 28/36 3/37 23/37 28/73 26/70 11/78 60/81
52 Week High (Rs) - 19.75 14.98 19.55 18.56 18.93 20.20 31.34 34.14 39.26 47.34
52 Week Low (Rs) - 7.31 6.89 14.12 13.31 13.53 16.41 19.29 30.06 27.74 35.80
Net Assets (Rs.Cr) 320.86 341.62 754.85 952.32 702.85 763.16 725.55 1019.01 1103.86 1461.32 3071.92
Expense Ratio (%) 2.32 2.23 2.22 2.08 2.11 2.16 2.62 2.58 2.50 2.56 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

HDFC Bank Financial 29.40 52.79 6.39 2017 14.74 2.52 5.51 - -
Tata Steel Metals 15.10 78.18 3.88 2016 -2.30 9.67 10.65 -6.14 11.27
GAIL Energy 23.30 46.91 3.55 2015 4.78 -0.75 -1.18 1.59 4.40
ICICI Bank Financial 22.90 21.64 2.96 2014 6.10 23.59 8.19 7.30 52.21
ITC FMCG 29.30 8.61 2.95 2013 -7.72 2.90 -0.42 12.83 6.69
State Bank of India Financial 30.30 25.39 2.90
Yes Bank Financial 18.90 34.93 2.81 Trailing Returns (%)
Maruti Suzuki India Automobile 35.80 69.85 2.54 Return Rank SIP
10.40 Fund Category Fund/Cat Nifty 500 Return
HPCL Energy 45.55 2.26
Larsen & Toubro Construction 43.70 35.54 2.25 Year-to-Date 31.76 34.70 60/81 31.62 -
Reliance Industries Energy 18.10 70.53 2.18 3-Month 4.26 5.80 59/82 5.04 26.90
Federal Bank Financial 23.00 62.86 2.12 6-Month 9.69 10.34 40/82 9.03 22.05
BPCL Energy 15.00 21.56 2.11 1-Year 28.68 32.42 63/81 29.64 24.46
Bajaj Finance Financial 44.40 102.44 1.99 2-Year 22.08 20.23 26/71 18.74 24.51
HDFC Financial 35.70 32.86 1.99 3-Year 15.14 13.19 20/69 10.25 19.75
Vedanta Metals 8.30 34.72 1.94 5-Year 20.12 18.03 8/34 14.22 21.71
Edelweiss Financial Financial 155.00 192.88 1.90 7-Year 14.66 13.04 9/33 9.80 20.40
Sun Pharmaceutical Inds. Healthcare -17.19 1.82 10-Year 10.80 8.66 8/26 6.07 18.19
Dalmia Bharat Construction 313.20 128.45 1.80 Return less than 1-year are absolute and over 1 year are annualised
Kotak Mahindra Bank Financial 50.70 40.31 1.56
Repco Home Finance Ltd. Financial 19.50 12.84 1.42 Top 10 Sector Weights (%) Risk Analysis
Bharat Financial Inclusion Financial 69.88 1.42 Volatility Measurements
Fund Nifty 500
Punjab National Bank Financial 26.90 49.26 1.41
Financial 35.41 - Standard Deviation 14.50
Motherson Sumi Systems Automobile 81.00 71.32 1.40
Hindalco Inds. Metals 35.40 54.60 1.38 Energy 12.55 - Sharpe Ratio 0.72
Construction 9.15 - Beta 0.99
FUND STYLE Automobile 7.87 - R-Squared 0.85
Portfolio Characteristics Investment Style Metals 7.20 - Alpha 8.20
Growth Blend Value
Total Stocks 73 FMCG 5.47 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

62874 Healthcare 5.40 -

Portfolio P/B Ratio 3.12 Chemicals 4.14 - Equity 97.84
Portfolio P/E Ratio 27.19 Engineering 2.95 - Debt 0.00
3Y Earnings Growth (%) 5.30 Cons Durable 2.72 - Cash 2.16
Returns as on December 8, 2017, Portfolio related data as on October 31, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 120.67%
A conservative fund in the ELSS category, it has retained a consistent The scheme seeks to
three- to four-star rating for the last six years amid challenging market generate medium to long-term
conditions. It managed a climb in the rankings from three stars to four
capital appreciation from a
stars and then five stars in 2016. This fund has outperformed its
benchmark in eight out of nine years since launch and its peers in seven diversified portfolio that is
of those years. The fund isn't wedded to any particular style and follows substantially constituted of
a diversified approach to select stocks. Though multi-cap by mandate, equity and equity related
the fund has been quite large-cap stock oriented in the last five years. securities of corporates, and
QUARTER 74.06% The fund also takes tactical calls to capitalise on market trends and
to enable investors avail of
opportunities. The fund's margin of outperformance relative to the
category and benchmark has widened in the last one year to over 6 deduction from total income,
percentage points. On a three- and five-year basis, its annualised returns as permitted under the income
are over 7 percentage points and 3 percentage points ahead of the tax act.
benchmark and category, respectively. It is creditable that this has been
managed with a distinct large-cap tilt relative to the category. The track
record suggests that the fund has proved better at navigating bull runs
MONTH and volatile phases in the market than bear phases. In 2008 and 2011,
30.64%
the fund lost slightly more than the category. It has delivered sizeable
outperformance in 2012 and 2016. However, as the fund has seen a
change in manager in 2015 and also adopted a higher allocation to large-
cap stocks, past performance may not be a great guide to the future.

Portfolio Manager

Rohit Singhania
Worst Performance Since Jul 2015

YEAR -58.86%

QUARTER -38.54%

MONTH -31.19%
Investment Information

AMC : DSP BlackRock Investment Managers Ltd. Min Investment (Rs.) : 500
Website : www.dspblackrock.com Min SIP Investment (Rs.) : 500
Registrar : Computer Age Management Services Ltd. Exit Load : Nil
Launch : January 2007
Benchmark : Nifty 500
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (17.57) , Growth (47.05)

NAV Nifty 500

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.
Fundcard

Franklin India Taxshield Fund

Value Research Fund Rating as on Nov 30, 2017

Open-ended and Equity: Tax Saving

Risk Grade – Below Average

Return Grade – Average

NAV – Rs. 549.95 as on Dec 8, 2017

Net Assets – Rs. 3367.2 crore as on Oct 31, 2017

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
Franklin India Taxshield Fund
Rating: Fund Performance Vs Nifty 500
Risk: Below Average
Return: Average

Fund
Nifty 500
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 196.15 99.61 178.12 219.92 186.52 241.32 256.14 401.94 418.22 437.97 549.95
Total Return (%) 56.02 -49.22 78.81 23.47 -15.19 29.38 6.14 56.92 4.05 4.72 25.57
+/- Nifty 500 - - - - - - - - - - -
+/- S&P BSE Sensex 8.87 3.23 -2.22 6.04 9.45 3.68 -2.84 27.03 9.08 2.77 0.69
Rank (Fund/Category) 13/26 3/29 20/32 11/37 3/36 22/37 25/37 12/73 28/70 34/78 74/81
52 Week High (Rs) - 199.71 178.12 225.16 221.21 241.32 256.59 405.89 447.57 480.95 555.53
52 Week Low (Rs) - 89.04 85.19 169.01 182.62 186.21 210.69 246.33 398.79 372.01 438.52
Net Assets (Rs.Cr) 628.45 373.17 745.55 881.19 786.93 905.21 966.96 1500.10 1834.68 2384.12 3178.16
Expense Ratio (%) 2.28 2.24 2.21 2.12 2.07 2.11 2.47 2.42 2.39 2.42 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

HDFC Bank Financial 29.40 52.79 9.43 2017 11.86 3.82 2.34 - -
Axis Bank Financial 36.20 20.54 6.06 2016 -1.43 7.86 4.51 -5.75 4.72
Mahindra & Mahindra Automobile 21.80 17.27 4.35 2015 5.64 -0.17 -0.73 -0.61 4.05
State Bank of India Financial 30.30 25.39 3.54 2014 8.41 17.49 11.04 10.96 56.92
Bharti Airtel Communication 71.98 3.13 2013 -5.23 1.44 -1.89 12.52 6.14
Yes Bank Financial 18.90 34.93 3.13
Hindustan Unilever FMCG 58.50 60.56 2.91 Trailing Returns (%)
Indusind Bank Financial 30.80 50.94 2.90 Return Rank SIP
15.40 Fund Category Fund/Cat Nifty 500 Return
NTPC Energy 9.26 2.80
Power Grid Corp. Energy 13.30 10.60 2.49 Year-to-Date 25.57 34.70 74/81 31.62 -
Infosys Technology 16.20 -0.91 2.46 3-Month 4.39 5.80 55/82 5.04 25.75
Indian Oil Corp. Energy 11.90 24.24 2.38 6-Month 7.22 10.34 70/82 9.03 16.77
Petronet LNG Energy 20.30 36.74 2.19 1-Year 23.15 32.42 75/81 29.64 19.70
Grasim Industries Diversified 46.80 31.42 1.97 2-Year 15.51 20.23 65/71 18.74 17.83
Hindalco Inds. Metals 35.40 54.60 1.94 3-Year 11.33 13.19 50/69 10.25 13.85
Tata Motors Automobile -12.79 1.84 5-Year 18.24 18.03 18/34 14.22 18.17
Tech Mahindra Technology 13.40 1.50 1.82 7-Year 14.31 13.04 11/33 9.80 17.73
Dr. Reddy's Lab Healthcare 48.20 -28.55 1.75 10-Year 11.08 8.66 5/26 6.07 17.10
Gujarat State Petronet Services 20.50 50.59 1.70 Return less than 1-year are absolute and over 1 year are annualised
United Breweries FMCG 88.10 35.34 1.56
BPCL Energy 15.00 21.56 1.48 Top 10 Sector Weights (%) Risk Analysis
Balkrishna Inds. Automobile 31.90 119.27 1.42 Volatility Measurements
Fund Nifty 500
Cadila Healthcare Healthcare 40.00 17.22 1.38
Financial 30.96 - Standard Deviation 12.08
TVS Motor Co. Automobile 59.10 107.18 1.29
Tata Motors DVR Automobile -21.86 1.28 Automobile 12.65 - Sharpe Ratio 0.56
Energy 11.35 - Beta 0.83
FUND STYLE FMCG 6.72 - R-Squared 0.86
Portfolio Characteristics Investment Style Technology 5.82 - Alpha 4.89
Growth Blend Value
Total Stocks 60 Services 3.99 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

73654 Healthcare 3.92 -

Portfolio P/B Ratio 3.06 Communication 3.13 - Equity 90.61
Portfolio P/E Ratio 26.05 Engineering 2.52 - Debt 0.00
3Y Earnings Growth (%) 7.79 Cons Durable 2.49 - Cash 9.39
Returns as on December 8, 2017, Portfolio related data as on October 31, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 214.23%
Funds in the ELSS category usually like to shuffle their market-cap weights The scheme seeks medium to
quite a lot depending on market conditions. But this fund is determinedly long term growth of capital,
large-cap-oriented in a category crowded with multi-cap funds.
with income tax rebate. The
Consistency of returns and an ability to contain downside have helped it
retain four- to five-star ratings for much of the last eight years. The fund's scheme invests in equities
year-to-year returns don't always beat its more aggressive peers, but its and there is an exposure to
performance adds up to very handsome returns over the long term. A PSU Bonds and debentures
fund which allocates a minimum 60 per cent of its portfolio to large caps, and Money Market
QUARTER 137.13% it has pegged up this exposure even higher, to 80 per cent in the last one
instruments.
year. Mid and small caps now make up less than 20 per cent of the
portfolio, shielding the fund from any meltdown in this segment of the
market. The fund also avoids momentum stocks and sticks to bottom-up
fundamentals-based investing. Though this fund is from a growth-style
fund house, it tends to be quite valuation-conscious. It doesn't take cash
calls and remains fully invested through cycles. Outpacing the benchmark
in 12 of the last 15 years, this fund has proved more adept at containing
MONTH losses in bear markets. It tends to be rather sober in bull years and trailed
57.81%
peers in 2006-07, 2009 and 2012. The last two years, however, have
seen the fund widen its outperformance vis-a-vis the benchmark and the
category. The fund's current large-cap tilt suggests that it would be quite
well placed to handle any market correction. Go for it if you like a less
bumpy ride in choppy markets.
Portfolio Manager

Lakshmikanth Reddy
Worst Performance Since May 2016

YEAR -51.50%

R Janakiraman
Since May 2016

QUARTER -34.66%

MONTH -29.18%
Investment Information

AMC : Franklin Templeton Asset Management India Private Ltd Min Investment (Rs.) : 500
Website : www.franklintempletonindia.com Min SIP Investment (Rs.) : 500
Registrar : Franklin Templeton International Services (India) Private Limited Exit Load : Nil
Launch : April 1999
Benchmark : Nifty 500
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (47.85) , Growth (549.95)

NAV Nifty 500

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.
Fundcard

HDFC Long Term Advantage Fund

Value Research Fund Rating as on Nov 30, 2017

Open-ended and Equity: Tax Saving

Risk Grade – Average

Return Grade – Average

NAV – Rs. 344.86 as on Dec 8, 2017

Net Assets – Rs. 1558.4 crore as on Oct 31, 2017

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
HDFC Long Term Advantage Fund
Rating: Fund Performance Vs S&P BSE Sensex
Risk: Average
Return: Average

Fund
S&P BSE Sensex
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 128.98 61.41 115.99 148.90 113.94 146.79 162.89 235.67 230.01 259.95 344.86
Total Return (%) 40.62 -52.39 88.89 28.37 -23.48 28.83 10.96 44.68 -2.40 13.02 32.67
+/- S&P BSE Sensex - - - - - - - - - - -
+/- S&P BSE Sensex -6.53 0.06 7.86 10.94 1.16 3.13 1.98 14.79 2.63 11.07 7.79
Rank (Fund/Category) 23/26 11/29 9/32 3/37 18/36 23/37 4/37 58/73 63/70 7/78 52/81
52 Week High (Rs) - 132.61 115.99 154.44 149.23 146.79 163.29 244.06 248.35 277.21 344.86
52 Week Low (Rs) - 55.56 51.82 109.89 111.76 114.22 130.74 156.89 218.84 199.65 259.51
Net Assets (Rs.Cr) 1017.02 491.70 907.58 1024.27 819.52 857.66 835.75 1165.72 1123.75 1234.78 1485.99
Expense Ratio (%) 2.16 2.15 2.15 2.02 2.07 2.11 2.57 2.51 2.52 2.55 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

Reliance Industries Energy 18.10 70.53 7.97 2017 13.66 3.72 2.01 - -
HDFC Bank Financial 29.40 52.79 6.38 2016 -1.26 8.81 8.32 -2.89 13.02
ICICI Bank Financial 22.90 21.64 6.35 2015 1.35 -1.02 -4.80 2.19 -2.40
State Bank of India Financial 30.30 25.39 5.10 2014 9.14 19.72 6.75 3.73 44.68
Larsen & Toubro Construction 43.70 35.54 4.76 2013 -2.37 -0.05 -1.97 16.01 10.96
Infosys Technology 16.20 -0.91 4.50
HDFC Financial 35.70 32.86 4.38 Trailing Returns (%)
BPCL Energy 15.00 21.56 4.29 Return Rank S&P BSE SIP
Balkrishna Inds. Automobile 31.90 119.27 3.72 Fund Category Fund/Cat Sensex Return
Vesuvius India Construction 27.00 10.65 3.63 Year-to-Date 32.67 34.70 52/81 24.88 -
Blue Star Cons Durable 70.80 68.97 3.38 3-Month 8.12 5.80 17/82 4.93 52.80
Tata Consultancy Services Technology 20.60 10.12 3.29 6-Month 11.62 10.34 23/82 6.53 29.98
Carborundum Universal Metals 59.40 56.47 2.85 1-Year 31.86 32.42 37/81 24.56 28.88
Tata Motors DVR Automobile -21.86 2.85 2-Year 14.60
23.85 20.23 13/71 27.08
ITC FMCG 29.30 8.61 2.81 3-Year 12.96 13.19 35/69 5.74 20.71
Elgi Equipments Engineering 63.50 45.39 2.74 5-Year 18.90 18.03 12/34 11.34 19.98
AIA Engineering Metals 32.70 15.91 2.65 7-Year 12.97 13.04 15/33 7.76 18.38
Maruti Suzuki India Automobile 35.80 69.85 2.63 10-Year 10.83 8.66 7/26 5.23 17.11
Oriental Carbon & Chemicals 24.40 51.99 2.20 Return less than 1-year are absolute and over 1 year are annualised
Motherson Sumi Systems Automobile 81.00 71.32 2.11
Power Grid Corp. Energy 13.30 10.60 2.04 Top 10 Sector Weights (%) Risk Analysis
Redington India Technology 36.00 92.92 2.02 Volatility Measurements
Fund S&P BSE
Sensex
Bank of Baroda Financial 40.00 9.58 1.76
Financial 25.09 - Standard Deviation 14.18
VST Tillers Tractors Engineering 23.40 23.13 1.43
Apar Industries Engineering 18.60 33.99 1.38 Energy 14.45 - Sharpe Ratio 0.56
Automobile 12.53 - Beta 0.99
FUND STYLE Technology 10.82 - R-Squared 0.89
Portfolio Characteristics Investment Style Construction 8.43 - Alpha 5.60
Growth Blend Value
Total Stocks 39 Metals 7.11 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

65576 Engineering 6.08 -

Portfolio P/B Ratio 3.02 Cons Durable 5.00 - Equity 97.52
Portfolio P/E Ratio 25.60 FMCG 2.90 - Debt 2.67
3Y Earnings Growth (%) 8.00 Chemicals 2.22 - Cash -0.19
Returns as on December 8, 2017, Portfolio related data as on October 31, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 148.61%
Analysis not available The schemes provides tax
benefit under section (88) and
there fore has a lock in period
of 3 years. It is aimed at
providing capital appreciation
by investing predominantly in
equity and equity related
QUARTER 79.18%
instruments.

MONTH 33.06%

Portfolio Manager

Chirag Setalvad
Worst Performance Since Apr 2007

YEAR -54.67%

QUARTER -41.60%

MONTH -31.16%
Investment Information

AMC : HDFC Asset Management Company Ltd Min Investment (Rs.) : 500
Website : www.hdfcfund.com Min SIP Investment (Rs.) : 500
Registrar : Computer Age Management Services Ltd. Exit Load : Nil
Launch : January 2001
Benchmark : S&P BSE Sensex
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (46.35) , Growth (344.86)

NAV S&P BSE Sensex

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.
Fundcard

ICICI Prudential Long Term Equity Fund (Tax Saving)

Value Research Fund Rating as on Nov 30, 2017

Open-ended and Equity: Tax Saving

Risk Grade – Average

Return Grade – Below Average

NAV – Rs. 348.61 as on Dec 8, 2017

Net Assets – Rs. 4753.1 crore as on Oct 31, 2017

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
ICICI Prudential Long Term Equity Fund (Tax Saving)
Rating: Fund Performance Vs Nifty 500
Risk: Average
Return: Below Average

Fund
Nifty 500
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 130.53 57.40 121.69 151.03 114.85 158.07 174.12 262.60 273.97 284.71 348.61
Total Return (%) 40.95 -56.03 112.00 24.11 -23.96 37.63 10.15 50.82 4.33 3.92 22.44
+/- Nifty 500 - - - - - - - - - - -
+/- S&P BSE Sensex -6.20 -3.58 30.97 6.68 0.68 11.93 1.17 20.93 9.36 1.97 -2.44
Rank (Fund/Category) 22/26 16/29 1/32 9/37 21/36 5/37 5/37 30/73 27/70 44/78 78/81
52 Week High (Rs) - 133.64 121.69 155.09 151.62 158.08 174.12 269.54 284.92 311.57 349.27
52 Week Low (Rs) - 49.88 48.36 116.16 113.64 115.29 136.11 166.29 255.11 235.47 285.04
Net Assets (Rs.Cr) 1035.26 472.48 1011.02 1320.28 1197.24 1467.98 1511.23 2340.53 2794.48 3584.36 4455.37
Expense Ratio (%) 2.17 2.10 2.12 2.00 1.98 1.98 2.40 2.40 2.41 2.36 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

State Bank of India Financial 30.30 25.39 4.94 2017 13.88 -1.17 1.06 - -
Infosys Technology 16.20 -0.91 4.78 2016 -6.81 11.31 5.98 -5.47 3.92
Thomas Cook (India) Services 28.74 4.63 2015 3.15 -2.86 0.97 3.12 4.33
Sundaram Finance Financial 37.90 63.67 3.99 2014 7.39 25.13 6.69 5.20 50.82
Ipca Laboratories Healthcare 41.90 1.64 3.79 2013 -8.31 -0.28 3.01 16.95 10.15
ICICI Bank Financial 22.90 21.64 3.76
Glaxo Consumer Healthcare FMCG 40.60 23.37 3.64 Trailing Returns (%)
GAIL Energy 23.30 46.91 3.63 Return Rank SIP
17.20 Fund Category Fund/Cat Nifty 500 Return
Lupin Healthcare -44.73 3.30
Larsen & Toubro Construction 43.70 35.54 2.96 Year-to-Date 22.44 34.70 78/81 31.62 -
HDFC Financial 35.70 32.86 2.86 3-Month 7.82 5.80 19/82 5.04 36.49
Sun Pharmaceutical Inds. Healthcare -17.19 2.52 6-Month 7.31 10.34 69/82 9.03 24.40
Tata Power Energy 21.07 2.51 1-Year 20.83 32.42 79/81 29.64 18.64
Petronet LNG Energy 20.30 36.74 2.32 2-Year 14.03 20.23 69/71 18.74 16.97
ITC FMCG 29.30 8.61 2.30 3-Year 9.60 13.19 65/69 10.25 13.33
Indian Oil Corp. Energy 11.90 24.24 2.17 5-Year 17.41 18.03 21/34 14.22 17.07
Tata Motors DVR Automobile -21.86 1.96 7-Year 13.24 13.04 14/33 9.80 16.99
SBI Life Insurance Financial 69.80 1.95 10-Year 11.36 8.66 4/26 6.07 16.91
Max Financial Services Financial 135.30 0.77 1.89 Return less than 1-year are absolute and over 1 year are annualised
ONGC Energy 12.80 -5.82 1.88
HDFC Bank Financial 29.40 52.79 1.86 Top 10 Sector Weights (%) Risk Analysis
Cummins India Engineering 32.90 4.96 1.83 Volatility Measurements
Fund Nifty 500
HCL Technologies Technology 17.30 5.20 1.81
Financial 24.66 - Standard Deviation 13.19
Alembic Pharmaceuticals Healthcare 26.30 -13.57 1.78
Gujarat Pipavav Port Services 29.10 5.28 1.74 Energy 14.04 - Sharpe Ratio 0.38
Healthcare 13.51 - Beta 0.86
FUND STYLE Services 8.82 - R-Squared 0.77
Portfolio Characteristics Investment Style Technology 8.10 - Alpha 3.04
Growth Blend Value
Total Stocks 49 FMCG 6.79 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

42806 Construction 5.83 -

Portfolio P/B Ratio 3.13 Metals 4.27 - Equity 95.62
Portfolio P/E Ratio 28.17 Chemicals 3.46 - Debt 1.81
3Y Earnings Growth (%) 1.77 Automobile 3.41 - Cash 2.58
Returns as on December 8, 2017, Portfolio related data as on October 31, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 158.38%
This fund has outpaced its benchmark over not one but three different The scheme seeks long-term
market cycles; it has beaten its benchmark in 13 of the last 15 years. A capital appreciation by
rare ELSS fund that focuses on the value style of investing, it has managed
investing approximately 90 per
a four- or five-star rating pretty consistently since 2011. The fund's
valuation-focused style has helped it regain its four-star rating recently cent of the investments in
after a blip to three stars for a brief period. The portfolio is constructed equity instruments, while the
around stocks and sectors with cheaper valuation that nevertheless goes balance 10 per cent would be
with reasonable growth expectations. Typically 55-65 per cent of its a parked in debt and money
QUARTER 85.19% portfolio is allocated to large caps, 20-30 per cent to mid caps and 10-15
market instrument and cash
per cent to small caps. In the last one year, mid-cap allocations have been
raised from 25 to 40 per cent, with small-cap weights trimmed. This is a ( Including-money at call).
rare ELSS fund that has managed to stay one step ahead of the
benchmark on a trailing one-, three-, five- and ten-year basis, while also
beating the category over these periods. The fund's investment strategy
typically delivers outsized returns in the beginning stages of a bull market
when sector rotation is in vogue. It trails when markets are overheated.
MONTH It also works well in containing losses when bears are in control. The
41.05%
value style of stock-picking has suffered setbacks in the last five years
but seems to be back on the saddle in the last one year or so. Overall,
with the market tide turning currently, this fund is a good option to get in
on trends ahead of the stampeding herd.

Portfolio Manager

George Heber Joseph

Worst Performance Since Apr 2015

YEAR -57.93%

QUARTER -55.59%

MONTH -38.84%
Investment Information

AMC : ICICI Prudential Asset Management Company Ltd Min Investment (Rs.) : 500
Website : www.icicipruamc.com Min SIP Investment (Rs.) : 500
Registrar : Computer Age Management Services Ltd. Exit Load : Nil
Launch : August 1999
Benchmark : Nifty 500
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (23.91) , Growth (348.61)

NAV Nifty 500

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.
Fundcard

Kotak Tax Saver Regular Plan

Value Research Fund Rating as on Nov 30, 2017

Open-ended and Equity: Tax Saving

Risk Grade – Above Average

Return Grade – Average

NAV – Rs. 42.08 as on Dec 8, 2017

Net Assets – Rs. 720.8 crore as on Nov 30, 2017

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
Kotak Tax Saver Regular Plan
Rating: Fund Performance Vs Nifty 500
Risk: Above Average
Return: Average

Fund
Nifty 500
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 23.46 9.53 16.67 20.00 14.79 20.15 18.89 29.59 30.03 32.27 42.08
Total Return (%) 64.74 -59.38 74.99 19.93 -26.03 36.25 -6.25 56.61 1.48 7.46 30.42
+/- Nifty 500 - - - - - - - - - - -
+/- S&P BSE Sensex 17.59 -6.93 -6.04 2.50 -1.39 10.55 -15.23 26.72 6.51 5.51 5.54
Rank (Fund/Category) 9/26 23/29 22/32 16/37 26/36 8/37 36/37 13/73 50/70 21/78 64/81
52 Week High (Rs) - 24.38 16.67 21.28 20.05 20.15 20.74 30.09 32.86 35.37 42.46
52 Week Low (Rs) - 8.52 8.03 15.48 14.65 14.81 15.65 17.88 29.00 25.91 32.40
Net Assets (Rs.Cr) 466.26 277.38 533.80 611.35 427.41 422.33 335.01 459.88 486.89 499.05 676.32
Expense Ratio (%) 2.36 2.30 2.28 2.22 2.25 2.30 2.75 2.69 2.71 2.83 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

HDFC Bank Financial 29.40 52.79 6.17 2017 16.16 3.33 2.34 - -
Reliance Industries Energy 18.10 70.53 5.29 2016 -3.81 8.22 9.62 -5.83 7.46
State Bank of India Financial 30.30 25.39 4.00 2015 6.11 -0.80 -1.76 -1.87 1.48
Indusind Bank Financial 30.80 50.94 3.23 2014 5.83 19.59 9.42 13.08 56.61
ICICI Bank Financial 22.90 21.64 3.06 2013 -9.48 -1.77 -6.16 12.36 -6.25
Hero Motocorp Automobile 20.80 15.38 3.02
Shree Cement Construction 50.60 16.82 2.86 Trailing Returns (%)
OCL India Construction 21.30 108.44 2.79 Return Rank SIP
25.30 Fund Category Fund/Cat Nifty 500 Return
Mahanagar Gas Energy 46.13 2.67
Glaxo Consumer Healthcare FMCG 40.60 23.37 2.53 Year-to-Date 30.42 34.70 64/81 31.62 -
ITC FMCG 29.30 8.61 2.50 3-Month 3.43 5.80 71/82 5.04 22.05
GAIL Energy 23.30 46.91 2.44 6-Month 6.49 10.34 77/82 9.03 15.99
BPCL Energy 15.00 21.56 2.41 1-Year 28.20 32.42 64/81 29.64 20.48
Ultratech Cement Construction 43.60 27.98 2.33 2-Year 19.27 20.23 42/71 18.74 22.22
HDFC Financial 35.70 32.86 2.32 3-Year 12.56 13.19 38/69 10.25 16.71
SKF India Engineering 32.60 32.69 2.32 5-Year 16.02 18.03 28/34 14.22 19.23
Infosys Technology 16.20 -0.91 2.30 7-Year 11.67 13.04 25/33 9.80 17.20
RBL Bank Financial 38.60 53.16 2.19 10-Year 6.77 8.66 18/26 6.07 14.92
Axis Bank Financial 36.20 20.54 2.19 Return less than 1-year are absolute and over 1 year are annualised
HPCL Energy 10.40 45.55 2.17
Whirlpool Cons Durable 58.20 72.76 2.16 Top 10 Sector Weights (%) Risk Analysis
Larsen & Toubro Construction 43.70 35.54 2.11 Volatility Measurements
Fund Nifty 500
Thermax Engineering 102.80 55.79 1.86
Financial 30.68 - Standard Deviation 14.58
Solar Industries Chemicals 76.50 73.62 1.80
Techno Electric & Engg Construction 32.80 34.58 1.70 Energy 16.29 - Sharpe Ratio 0.57
Construction 13.25 - Beta 1.00
FUND STYLE FMCG 7.15 - R-Squared 0.87
Portfolio Characteristics Investment Style Engineering 5.76 - Alpha 5.98
Growth Blend Value
Total Stocks 53 Automobile 5.27 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

52148 Technology 4.35 -

Portfolio P/B Ratio 3.61 Chemicals 4.10 - Equity 98.87
Portfolio P/E Ratio 27.24 Healthcare 3.19 - Debt 1.43
3Y Earnings Growth (%) 11.25 Cons Durable 2.74 - Cash -0.29
Returns as on December 8, 2017, Portfolio related data as on November 30, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 106.06%
Analysis not available The scheme aims to generate
long-term capital appreciation
from a diversified portfolio of
equity and equity related
securities and enable
investors to avail the income
tax rebate, as per the
QUARTER 76.81%
prevailing tax laws.

MONTH 35.18%

Portfolio Manager

Harsha Upadhyaya
Worst Performance Since Aug 2015

YEAR -62.18%

QUARTER -41.52%

MONTH -35.95%
Investment Information

AMC : Kotak Mahindra Asset Management Company Ltd Min Investment (Rs.) : 500
Website : www.kotakmutual.com Min SIP Investment (Rs.) : 1000
Registrar : Computer Age Management Services Ltd. Exit Load : Nil
Launch : November 2005
Benchmark : Nifty 500
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (20.33) , Growth (42.08)

NAV Nifty 500

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.
Fundcard

Reliance Tax Saver (ELSS) Fund

Value Research Fund Rating as on Nov 30, 2017

Open-ended and Equity: Tax Saving

Risk Grade – High

Return Grade – Above Average

NAV – Rs. 66.11 as on Dec 8, 2017

Net Assets – Rs. 9983.3 crore as on Oct 31, 2017

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
Reliance Tax Saver (ELSS) Fund
Rating: Fund Performance Vs S&P BSE 100
Risk: High
Return: Above Average

Fund
S&P BSE 100
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 20.99 10.00 18.20 22.30 16.90 24.68 25.53 46.73 45.36 47.28 66.11
Total Return (%) 42.40 -52.35 82.01 22.49 -24.23 46.05 3.47 83.00 -2.92 4.24 39.81
+/- S&P BSE 100 - - - - - - - - - - -
+/- S&P BSE Sensex -4.75 0.10 0.98 5.06 0.41 20.35 -5.51 53.11 2.11 2.29 14.93
Rank (Fund/Category) 21/26 10/29 17/32 13/37 23/36 2/37 29/37 2/73 66/70 40/78 15/81
52 Week High (Rs) - 21.33 18.20 24.14 22.42 24.68 25.53 47.71 51.04 51.78 66.80
52 Week Low (Rs) - 8.98 8.53 17.30 16.28 16.89 19.04 23.49 41.10 37.37 47.53
Net Assets (Rs.Cr) 2548.62 1267.48 2088.75 2392.50 1841.22 2104.51 1863.98 3457.61 4451.34 5890.60 8960.11
Expense Ratio (%) 1.91 1.91 1.91 1.88 1.89 1.90 2.32 2.34 2.37 2.39 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

TVS Motor Co. Automobile 59.10 107.18 7.82 2017 16.06 5.39 3.83 - -
State Bank of India Financial 30.30 25.39 6.86 2016 -5.81 8.28 7.46 -4.88 4.24
ICICI Bank Financial 22.90 21.64 5.35 2015 4.29 -6.34 -6.86 6.70 -2.92
Tata Steel Metals 15.10 78.18 5.08 2014 12.02 34.64 9.46 10.84 83.00
Infosys Technology 16.20 -0.91 4.57 2013 -13.20 2.20 -5.68 23.68 3.47
Tata Motors Automobile -12.79 4.25
Honeywell Automation Engineering 70.50 91.20 3.17 Trailing Returns (%)
Bharat Forge Automobile 42.10 56.00 3.15 Return Rank S&P BSE SIP
Ambuja Cements Construction 48.50 29.80 3.00 Fund Category Fund/Cat 100 Return
ABB Engineering 73.90 29.24 2.91 Year-to-Date 39.81 34.70 15/81 28.13 -
SBI Life Insurance Financial 69.80 2.39 3-Month 8.99 5.80 8/82 3.80 43.91
Bharti Airtel Communication 71.98 2.24 6-Month 14.36 10.34 9/82 7.76 33.78
Cochin Shipyard Services 23.40 2.14 1-Year 36.68 32.42 22/81 26.43 34.44
Jet Airways India Services 23.20 91.62 2.10 2-Year 22.72 20.23 20/71 16.98 29.49
Sundaram-Clayton Automobile 249.00 76.26 2.02 3-Year 12.31 13.19 43/69 8.07 20.91
GE T&D (I) Engineering 52.70 36.25 1.97 5-Year 22.08 18.03 1/34 12.53 24.33
Birla Corporation Construction 94.30 80.82 1.91 7-Year 17.17 13.04 2/33 8.71 22.51
Vesuvius India Construction 27.00 10.65 1.72 10-Year 12.66 8.66 1/26 5.52 20.39
Divi's Laboratories Healthcare 29.50 34.52 1.69 Return less than 1-year are absolute and over 1 year are annualised
Canara Bank Financial 20.90 39.43 1.65
Federal Mogul Goetze Automobile 37.90 8.78 1.60 Top 10 Sector Weights (%) Risk Analysis
Bank of Baroda Financial 40.00 9.58 1.53 Volatility Measurements
Fund S&P BSE 100
Cummins India Engineering 32.90 4.96 1.47
Financial 22.59 - Standard Deviation 16.64
Siemens Engineering 36.40 5.54 1.46
Axis Bank Financial 36.20 20.54 1.46 Automobile 21.43 - Sharpe Ratio 0.52
Engineering 13.10 - Beta 1.11
FUND STYLE Services 8.87 - R-Squared 0.81
Portfolio Characteristics Investment Style Construction 8.60 - Alpha 6.15
Growth Blend Value
Total Stocks 64 Technology 6.19 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

31440 Metals 5.73 -

Portfolio P/B Ratio 2.81 Healthcare 4.48 - Equity 98.16
Portfolio P/E Ratio 30.94 Communication 2.43 - Debt 1.62
3Y Earnings Growth (%) 0.76 Chemicals 2.41 - Cash 0.22
Returns as on December 8, 2017, Portfolio related data as on October 31, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 115.40%
A category topper which has consistently beaten its benchmark and The scheme aims to generate
category over three, five, seven and ten years, this fund has managed a long-term capital appreciation
climb from three- to four-star ratings in the past year. Though most funds
from a portfolio that is
in the ELSS category follow a multi-cap approach, this fund specifically
favours mid- and small-cap stocks. The mandate allows a 40-60 per cent invested predominantly in
allocation to large caps, but in practice, in the last couple of years, the equity and equity related
large-cap exposure has hovered at 25 to 45 per cent, with mid caps taking instruments.
up a 40 per cent plus weight and small caps occupying 15-20 per cent.
QUARTER 72.48% In the last six months though, the fund has upped its large-cap weights
to nearly half its portfolio, probably due to richly priced mid and small
caps. The fund sets aside 20-30 per cent of the portfolio for multinational
companies with robust fundamentals. It follows a blend of growth and
value investing. The fund's three-, five- and even seven-year returns are
ahead of the benchmark by 7-18 percentage points. In 2015, the fund
managed a shift to domestic-recovery plays. This timely move has helped
it stay ahead of the race in the last one year. Overall, the fund has fared
MONTH better in tear-away bull markets than in bearish markets. This is an
30.64%
aggressive fund in the ELSS space, but one that has made timely shifts
to keep up with the market's changing preferences.

Portfolio Manager

Ashwani Kumar
Worst Performance Since Aug 2005

YEAR -53.63%

QUARTER -35.57%

MONTH -34.31%
Investment Information

AMC : Reliance Nippon Life Asset Management Ltd. Min Investment (Rs.) : 500
Website : www.reliancemutual.com Min SIP Investment (Rs.) : 500
Registrar : Karvy Computershare Pvt Ltd. Exit Load : Nil
Launch : September 2005
Benchmark : S&P BSE 100
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (24.85) , Dividend Yearly (13.97) , Growth (66.11)

NAV S&P BSE 100

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.
Fundcard

Tata India Tax Savings Fund

Value Research Fund Rating as on Nov 30, 2017

Open-ended and Equity: Tax Saving

Risk Grade – Below Average

Return Grade – Above Average

NAV – Rs. 78.53 as on Dec 8, 2017

Net Assets – Rs. 981.2 crore as on Nov 30, 2017

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
Tata India Tax Savings Fund
Rating: Fund Performance Vs S&P BSE Sensex
Risk: Below Average
Return: Above Average

Fund
S&P BSE Sensex
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 62.64 28.08 47.28 49.78 38.69 46.06 47.20 67.29 72.90 63.40 78.53
Total Return (%) 53.28 -55.17 80.37 17.97 -18.34 27.32 6.85 48.46 12.94 1.86 41.42
+/- S&P BSE Sensex - - - - - - - - - - -
+/- S&P BSE Sensex 6.13 -2.72 -0.66 0.54 6.30 1.62 -2.13 18.57 17.97 -0.09 16.54
Rank (Fund/Category) 17/26 15/29 18/32 18/37 5/36 26/37 21/37 40/73 2/70 59/78 10/81
52 Week High (Rs) - 65.31 47.28 50.95 49.82 47.44 48.72 71.40 74.01 73.47 78.53
52 Week Low (Rs) - 24.99 24.74 39.80 38.69 38.56 41.09 45.19 64.96 52.55 62.85
Net Assets (Rs.Cr) 199.78 91.51 147.54 149.03 123.88 130.77 125.94 182.19 233.77 422.21 784.51
Expense Ratio (%) 2.42 2.50 2.50 2.43 2.44 2.45 2.91 2.82 2.73 2.95 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

ICICI Bank Financial 22.90 21.64 4.82 2017 16.70 6.04 5.97 - -
HDFC Bank Financial 29.40 52.79 3.30 2016 -5.86 10.29 8.08 -9.23 1.86
Future Retail Services 49.40 311.79 2.51 2015 8.79 -2.98 2.68 4.22 12.94
Yes Bank Financial 18.90 34.93 2.50 2014 6.49 18.71 9.17 7.58 48.46
Future Consumer Enterprise Financial 413.30 240.60 2.41 2013 -5.11 2.87 -0.72 10.25 6.85
Interglobe Aviation Services 18.90 43.77 2.41
Shankara Building Products Metals 210.60 2.32 Trailing Returns (%)
Divi's Laboratories Healthcare 29.50 34.52 2.29 Return Rank S&P BSE SIP
Avenue Supermarts Services 147.80 2.28 Fund Category Fund/Cat Sensex Return
Tata Steel Metals 15.10 78.18 2.20 Year-to-Date 41.42 34.70 10/81 24.88 -
Tata Motors Automobile -12.79 2.10 3-Month 5.53 5.80 45/82 4.93 43.45
Tata Global Beverages FMCG 46.10 136.17 1.90 6-Month 12.95 10.34 18/82 6.53 32.05
Eris Lifesciences Healthcare 44.70 1.88 1-Year 38.72 32.42 12/81 24.56 34.27
Somany Ceramics Construction 52.40 80.98 1.81 2-Year 22.14 20.23 25/71 14.60 28.00
HCL Technologies Technology 17.30 5.20 1.73 3-Year 17.50 13.19 5/69 5.74 21.95
Dalmia Bharat Construction 313.20 128.45 1.70 5-Year 20.87 18.03 5/34 11.34 23.13
Indian Oil Corp. Energy 11.90 24.24 1.64 7-Year 15.41 13.04 5/33 7.76 20.97
Natco Pharma Healthcare 29.00 60.33 1.62 10-Year 10.36 8.66 10/26 5.23 18.44
Kotak Mahindra Bank Financial 50.70 40.31 1.58 Return less than 1-year are absolute and over 1 year are annualised
State Bank of India Financial 30.30 25.39 1.55
ITC FMCG 29.30 8.61 1.49 Top 10 Sector Weights (%) Risk Analysis
TVS Motor Co. Automobile 59.10 107.18 1.47 Volatility Measurements
Fund S&P BSE
Sensex
Satin Creditcare Network Financial 27.07 1.45
Financial 26.56 - Standard Deviation 15.10
Sun Pharmaceutical Inds. Healthcare -17.19 1.40
KNR Constructions Construction 18.90 63.96 1.40 Construction 12.47 - Sharpe Ratio 0.88
Services 9.66 - Beta 0.99
FUND STYLE Healthcare 9.53 - R-Squared 0.79
Portfolio Characteristics Investment Style Energy 6.55 - Alpha 10.94
Growth Blend Value
Total Stocks 69 Engineering 5.54 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

31216 Metals 5.26 -

Portfolio P/B Ratio 3.46 FMCG 5.24 - Equity 93.73
Portfolio P/E Ratio 27.70 Automobile 4.88 - Debt 1.43
3Y Earnings Growth (%) 0.99 Chemicals 4.18 - Cash 4.84
Returns as on December 8, 2017, Portfolio related data as on November 30, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 348.47%
A fund which suffered a bad patch from 2008 to 2010 but got its act The scheme seeks long-term
together in the last six years, it has climbed to a four-star rating lately. capital growth. Investments in
The fund's mid-cap allocations, its focus on growth-style investing and
equity would be at least 80 per
penchant for buying quality stocks, which have been huge gainers in this
rally, have all lifted performance. The fund's strategy relies on buying cent of the corpus, while
businesses which have compounding characteristics, strong growth allocation to debt and money
potential and high capital efficiency. A part of the portfolio is allocated to market instruments can go up
stocks in special situations arising out of the market, industry or company to 20 per cent.
QUARTER 117.24% developments. This 'value' characteristic is likely to have helped the fund's
returns in the last one year, when cyclicals have bounced back and purely
quality-focused funds have suffered a setback in returns. The fund's
performance relative to the category and the benchmark was somewhat
patchy until 2009 but has seen improvement in the last five years.
Historically, this fund has been good at containing losses during bear
phases such as 2001, 2008 and 2011. It barely beat its benchmark during
bull phases like 2006 and 2009. But it has aced this particular bull phase
MONTH from 2014. The fund maintains a 45-60 per cent allocation to large-cap
51.49%
stocks and 25-35 per cent to mid caps. In the last few months, large caps
have made up about 45-50 per cent of the assets. This fund is for investors
with some risk appetite and who seek a multi-cap approach to tax-
planning.

Portfolio Manager

Rupesh Patel
Worst Performance Since Apr 2015

YEAR -62.03%

QUARTER -53.23%

MONTH -36.08%
Investment Information

AMC : Tata Asset Management Private Ltd Min Investment (Rs.) : 500
Website : www.tatamutualfund.com Min SIP Investment (Rs.) : 500
Registrar : Computer Age Management Services Ltd. Exit Load : Nil
Launch : March 1996
Benchmark : S&P BSE Sensex
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (78.53) , Growth (17.92)

NAV S&P BSE Sensex

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.