Consolidated PMS performance update

Performance update of all 3 Strategies.

• Strategy snapshot • Month on Month returns

• Calendar Y-O-Y returns • Yearly valuation of strategy
• Financial Y-O-Y returns • Rolling returns
• Quarter on Quarter returns • Peer group Comparison
• Peer group rolling ret. comparison

April 2017 Confidential: For Limited Circulation only

 Value Strategy- PMS
● Large Cap oriented Inception Date Benchmark Fund Manager

Mr. Manish
● Value PMS has delivered 25.06% annualized returns since 24-March-03 Nifty 50 Index
Sonthalia
inception versus 17.02% of Nifty 50; INR 1 Cr. invested in Portfolio (Top 10 Stocks)
Scrip Name (%) of Market value
Value PMS in March 2003 is worth INR 22.04 Cr versus INR
HDFC Bank 9.14
8.07 Cr in CNX Nifty. Bharat Petroleum Corp. 8.77
Bosch 8.66
● Buy Right & Sit Tight approach to stock investing Kotak Mahindra Bank 8.30
Eicher Motors 7.97
● Focused portfolio of 15-20 stocks
Sun Pharmaceuticals 7.48
Asian Paints 7.10
Performance (%ge) 6.50
State Bank Of India
Period Value PMS Nifty 50
Tata Consultancy Services 5.47
1 Month 4.24 3.31
InterGlobe Aviation 5.42
3 Months 14.02 12.07
6 Months 3.80 6.53 Top 5 sectors
1 Year 18.92 18.55 Sector Name (%) of Market value
2 Year 3.49 3.94 Banking & Finance 29.30
3 Year 19.96 11.01 Auto & Auto Ancillaries 26.56
4 Year 20.00 12.71 Oil and Gas 8.77
5 Year 15.67 11.61 Pharmaceuticals 7.48
10 Year 14.84 9.15 FMCG 7.10
Since Inception (25th Mar 2003) 25.06 17.02
MOAMC MOAMC
Confidential: For Limited Circulation only
Returns is as on 31st March, 2017
 Value Strategy- CY-Y-o-Y returns
200.00%

150.00%

100.00%

50.00%

0.00%

-50.00%

-100.00%
CY-3 CY-4 CY-5 CY-6 CY-7 CY-8 CY-9 CY-10 CY-11 CY-12 CY-13 CY-14 CY-15 CY-16 CY-17
Value Strategy 154.18% 22.75% 63.52% 24.34% 52.48% -44.38% 74.40% 20.47% -12.31% 23.18% 2.65% 57.56% 0.43% 1.91% 14.02%
NIFTY 50 Index 85.87% 10.68% 36.34% 39.83% 54.77% -51.79% 75.76% 17.95% -24.62% 27.70% 6.76% 31.39% -4.06% 3.01% 12.07%

CY- Calendar Year- Year-on-Year | CY17 is CYTD (till 31st March 2017)
Confidential: For Limited Circulation only
Returns is as on 31st March, 2017
Value Strategy- FY-Y-o-Y returns
200.00%

150.00%

100.00%

50.00%

0.00%

-50.00%
FY-4 FY-5 FY-6 FY-7 FY-8 FY-9 FY-10 FY-11 FY-12 FY-13 FY-14 FY-15 FY-16 FY-17
Value Strategy 153.30% 27.53% 82.49% -2.01% 29.10% -28.72% 80.82% 12.28% 2.70% -0.26% 20.69% 61.23% -9.93% 18.92%
NIFTY 50 Index 75.21% 14.89% 67.15% 12.31% 23.89% -36.19% 73.76% 11.14% -9.23% 7.31% 17.98% 26.65% -8.86% 18.55%

FY- Financial Year- Year-on-Year return Confidential: For Limited Circulation only
Returns is as on 31st March, 2017
Value Strategy- Q-o-Q returns
20.0%

15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%

-15.0%
Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17
Value Strategy 17.9% 12.7% 11.4% 8.9% -3.2% -5.5% 0.8% -2.3% 7.2% 6.9% -9.0% 14.0%
NIFTY 50 Index 13.5% 4.6% 4.0% 2.5% -1.4% -5.0% 0.0% -2.6% 7.1% 3.9% -4.9% 12.1%

Quarter-on-Quarter return Confidential: For Limited Circulation only

Returns is as on 31st March, 2017
Value Strategy- M-o-M returns
8.0%

6.0%

4.0%

2.0%

0.0%

-2.0%

-4.0%

-6.0%

-8.0%
Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17

Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17
Value Strategy 1.7% 3.2% 2.1% 6.6% 0.7% -0.4% -0.6% -6.3% -2.3% 5.4% 3.8% 4.2%
NIFTY 50 Index 1.4% 4.0% 1.6% 4.2% 1.7% -2.0% 0.2% -4.7% -0.5% 4.6% 3.7% 3.3%

Month-on-Month return Confidential: For Limited Circulation only

Returns is as on 31st March, 2017
Value Strategy- Rolling returns
200%
175%

150%

100% 82%

52%
50% 38%
28%
25% 21% 17% 17% 18%
0% 12%
4% 8%
-6%

-50%
-48%

-100%
1 year 3 years 5 years 7 years 10 years

● The data shows rolling returns of the Value Strategy since inception.
● It is worth noting that on 1 year rolling basis, the returns are in a very wide range. The best return made by the Strategy is
175% and the worst return is -48%. As we increase the time horizon, the outcomes narrow significantly from the average.

● For instance, if we consider the 5 year time frame, historically the best return (CAGR) is 52%, least return is 4% and
average return is 17%.

Confidential: For Limited Circulation only

Returns is as on 31st March, 2017
 Value Strategy- Peer Group Comparison
1 3 6 9 1 2 3 5 10
Scheme Name
Month Months Months Months Year Years Years Years Years

HDFC Top 200 3.51 14.33 9.81 18.56 30.01 8.28 16.56 14.8 14.4
ICICI Prudential Focused Bluechip Equity
2.42 11.57 7.68 13.82 24.78 7.92 16.64 16.05 --
Fund
Birla Sun Life Frontline Equity Fund 3.71 13.22 6.63 14.03 24.22 8.59 18.44 18.36 14.58

DSP BlackRock Top 100 Equity Fund 3.05 11.95 3.3 12.8 22.28 5.28 14.89 12.48 12.48

Value Strategy 4.24 14.02 3.8 10.95 18.92 3.5 19.98 15.68 14.79

UTI Mastershare - Dir 3.2 11.98 5.3 10.96 18.86 4.54 16.05 -- --

Franklin India Bluechip 2.2 11.36 6.09 9.9 18.74 7.22 16.13 13.88 12.75

SBI Magnum Equity Fund 4.07 11.43 2.95 10.65 18.17 6.78 16.8 15.01 12.43

BNP Paribas Equity Fund 4.99 17.6 5.49 8.26 16.68 3.28 17.82 16.57 11.4

Index

Nifty 50 3.31 12.07 6.53 10.69 18.55 3.94 11.01 11.6 9.14

* Less than 1 year Absolute returns, Greater than or Equal to 1 year Compound Annualized returns

Returns is as on 31st March, 2017 Confidential: For Limited Circulation only

All Figures above are in %ge.
 Value Strategy- Peer Group Rolling return comparison
5 years rolling
Avg. Rolling Returns
comparision
Scheme Name
1 Year 3 Years 5 Years Max Ret. Min Ret.

BNP Paribas Equity Fund(G) 14% 17% 15% 19% 11%

DSPBR Top 100 Equity Fund-Reg(G) 10% 12% 11% 15% 6%

Franklin India Bluechip Fund(G) 11% 13% 12% 15% 8%

HDFC Top 200 Fund(G) 12% 13% 11% 17% 6%

ICICI Pru Focused Bluechip Equity

13% 15% 14% 19% 10%
Fund(G)

SBI Magnum Equity Fund(G) 12% 14% 13% 18% 9%

UTI Mastershare(G) 11% 13% 12% 16% 8%

Birla sunlife Frontline Equity 14% 16% 15% 19% 10%

Value Strategy 14% 16% 15% 20% 11%

Nifty 50 8% 10% 9% 13% 4%

Rolling return calculated from 1st Jan 2010 to 31st March 2017
This slide explains the peer group comparison on rolling performance since 2010.

All Figures are compounded annualized Confidential: For Limited Circulation only
 IOP Strategy- PMS
The Strategy aims to generate long term capital appreciation by creating Inception
Benchmark Fund Manager
a focused portfolio of high growth stocks having the potential to grow Date
more than the nominal GDP for next 5-7 years across market Nifty Midcap 100 Mr. Manish
11-Jan.-10
Index Sonthalia
capitalization and which are available at reasonable market prices.
Portfolio (Top 10 Scrips)
● Focus Theme for Next Five year: REVIVAL IN CAPEX CYCLE | MAKE Scrip Name (%) of Market value
IN INDIA | THIRD TRILLION DOLLAR OPPORTUNITIES Development Credit Bank 13.73
● Investments with Long term perspective. Birla Corporation 10.95
Aegis Logistics 10.40
● In last 1 years IOP PMS has delivered positive return of 59.57%
Quess Corporation 6.24
versus 34.85% of Nifty Midcap100. Ttk Prestig 6.22
Performance (%ge) Gabriel India Limited 5.83
Period IOP Nifty Midcap 100 Alkem Lab 5.59

1 Month Canfin Home 5.55

4.17 4.35
Mahanagar Gas 5.23
3 Months 20.43 19.83
Kajaria Ceramics 5.03
6 Months 14.23 11.57
1 Year 59.57 34.85 Top 5 sectors
Sector Name (%) of Market value
2 Year 20.30 14.99
Banking & Finance 24.03
3 Year 30.21 25.90
Oil and Gas 15.63
4 Year 27.95 23.44 14.62
Cement & Infrastructure
5 Year 21.85 17.39 Pharmaceuticals 13.37
Since Inception (15th Feb 2010) 17.47 12.80 Consumer Durable 11.25

MOAMC Confidential: For Limited Circulation only MOAMC

Returns is as on 31st March, 2017
 IOP Strategy- CY-Y-o-Y returns
70.00%

60.00%

50.00%

40.00%

30.00%

20.00%

10.00%

0.00%

-10.00%

-20.00%

-30.00%

-40.00%
CY-10 CY-11 CY-12 CY-13 CY-14 CY-15 CY-16 CY-17
IOP 27.98% -24.68% 36.04% 1.60% 48.06% 5.30% 26.11% 20.43%
Nifty Mid cap 100 22.20% -31.00% 39.16% -5.10% 55.91% 6.46% 7.13% 19.83%

CY- Calendar Year- Year-on-Year | CY17 is CYTD (till 31st March 2017)
Confidential: For Limited Circulation only
Returns is as on 31st March, 2017
IOP Strategy- FY-Y-o-Y returns
70.00%

60.00%

50.00%

40.00%

30.00%

20.00%

10.00%

0.00%

-10.00%

-20.00%
FY-10 FY-11 FY-12 FY-13 FY-14 FY-15 FY-16 FY-17
IOP 9.41% 7.92% -0.59% 0.22% 21.40% 52.56% -9.26% 59.57%
Nifty Mid cap 100 6.30% 4.35% -4.09% -4.02% 16.36% 50.96% -1.91% 34.85%

FY- Financial Year- Year-on-Year return Confidential: For Limited Circulation only
Returns is as on 31st March, 2017
IOP Strategy- Q-o-Q returns
35.0%

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%
Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17
IOP 11.3% 10.7% 12.1% 10.4% 2.9% -6.5% -1.0% -4.8% 10.4% 26.6% -5.1% 20.4%
Nifty Mid cap 100 28.8% 2.9% 10.2% 3.3% 0.1% -0.2% 3.2% -4.8% 8.3% 11.6% -6.9% 19.8%

Quarter-on-Quarter return Confidential: For Limited Circulation only

Returns is as on 31st March, 2017
 IOP Strategy- M-o-M returns
15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%
Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17

Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17
IOP 2.9% 4.1% 3.1% 11.1% 8.2% 5.3% 7.6% -8.5% -3.6% 6.6% 8.4% 4.2%
Nifty Mid cap 100 3.5% 0.7% 3.9% 6.9% 4.0% 0.3% 3.2% -6.3% -3.7% 7.4% 6.9% 4.3%

Month-on-Month return Confidential: For Limited Circulation only

Returns is as on 31st March,2017
IOP Strategy- Rolling returns
80% 69%

60%

40% 33%
23%
20%
16% 15%
15%
7%
0%

-5%
-20%

-27%
-40%
1 year 3 years 5 years

● The data shows rolling returns of the IOP Strategy since inception.
● It is worth noting that on 1 year rolling basis, the returns are in a very wide range. The best return made by the Strategy is
69% and the worst return is -27%. As we increase the time horizon, the outcomes narrow significantly from the average.

● For instance, if we consider the 5 year time frame, historically the best return (CAGR) is 23%, least return is 7% and
average return is 15%.

● It may also be noteworthy that the least return over 3 years rolling periods is -5%

Returns is as on 31st March,2017 Confidential: For Limited Circulation only

 IOP Strategy- Peer Group Comparison
Scheme Name 1 Month 3 Months 6 Months 9 Months 1 Year 2 Years 3 Years 5 Years
IOP Strategy 4.17 20.43 14.23 44.6 59.57 20.33 30.24 21.81
Mirae Asset Emerging Bluechip Fund 4.72 19.31 13.2 26.25 42.93 20.59 35.3 29.72
DSP BlackRock Micro Cap Fund 6.31 16.26 12.77 21.77 41.54 20.81 42.38 31.06
Principal Emerging Bluechip Fund 5.93 18.74 10.4 24.48 39.21 14.79 31.18 27.07
Canara Robeco Emerging Equities 6.09 21.44 11.24 23.68 38.52 15.73 35.56 27.52
HDFC Mid-Cap Opportunities Fund 5.27 17.1 9.67 23.8 37.37 16.38 30.3 24.88
Birla Sun Life Pure Value Fund 3.34 18.45 8.91 25.02 36.3 16.43 32.05 26.07
Sundaram Select Midcap 2.99 14.23 8.61 20.56 35.69 15.5 31.68 24.9
Franklin India Smaller Companies Fund 5.99 16.63 9.29 18.51 35.3 15.89 33.5 30.42
L&T India Value Fund 3.34 16.41 12.17 22.82 34.49 16.51 32.31 25.07
Kotak Midcap Fund 5.66 19.26 10.39 22.02 33.7 16.62 31.07 22.98
Franklin India Prima Fund 4.9 17.34 9.49 17.54 32.1 13.89 29.76 26.06
SBI Small & Midcap Fund 4.53 16.42 10.09 20.36 30.68 19.13 39.14 30.24
SBI Magnum Midcap Fund 3.97 14.15 5.41 12.95 27.64 13.68 28.46 27.71
BNP Paribas Mid Cap Fund 6.37 18.22 6.92 14.44 27.34 12.27 28.13 24.62
UTI Mid Cap Fund 4.27 14.48 3.83 13.21 25.96 9.84 28.56 25.64
SBI Magnum Global Fund 94 4.74 10.98 -0.33 6.63 15.23 3.96 21.5 20.13

Index
Nifty Free Float Midcap 100 4.35 19.83 11.57 24.47 34.85 14.99 25.9 17.38

* Less than 1 year Absolute returns, Greater than or Equal to 1 year Compound Annualized returns

Returns is as on 31st March, 2017 Confidential: For Limited Circulation only

All Figures above 1 year are compounded annualized
 IOP Strategy- Peer Group Rolling return comparison

Avg. Rolling Returns 5 years rolling comparision

Scheme Name
1 Year 3 Years 5 Years Max Ret. Min Ret.
Birla SL Pure Value Fund(G) 21% 24% 20% 27% 14%
BNP Paribas Mid Cap Fund(G) 21% 24% 22% 26% 16%
Canara Rob Emerg Equities Fund-Reg(G) 24% 26% 23% 29% 19%
DSPBR Micro-Cap Fund-Reg(G) 25% 27% 24% 32% 17%
Franklin India Prima Fund(G) 21% 24% 21% 27% 15%
Franklin India Smaller Cos Fund(G) 24% 28% 25% 32% 18%
HDFC Mid-Cap Opportunities Fund(G) 22% 24% 21% 26% 16%
Kotak Midcap Scheme(G) 18% 20% 18% 24% 11%
L&T India Value Fund-Reg(G) 19% 22% 19% 26% 14%
Mirae Asset Emerging Bluechip-Reg(G) 26% 29% 25% 30% 20%
Principal Emerging Bluechip Fund(G) 20% 23% 20% 29% 13%
SBI Magnum Global Fund 94-Reg(G) 19% 22% 20% 23% 16%
SBI Magnum MidCap Fund-Reg(G) 22% 26% 23% 29% 17%
SBI Small & Midcap Fund-Reg(G) 25% 27% 25% 31% 19%
Sundaram Select Midcap(G) 20% 22% 20% 26% 14%
UTI Mid Cap Fund(G) 22% 25% 22% 27% 16%
IOP 15% 16% 15% 23% 7%
Nifty Free Float Midcap 100 12% 14% 14% 19% 6%
Rolling return calculated from 11th Jan 2010 to 31st March 2017

All Figures are compounded annualized Confidential: For Limited Circulation only

This slide explains the peer group comparison on rolling performance since 2010.
 NTDOP Strategy- PMS
● The strategy aims to deliver superior returns by investing in Inception
Benchmark Fund Manager
Date
focused themes which are part of the next trillion dollar GDP Nifty Midcap 100 Mr. Manish
11-Dec.-07
Index Sonthalia
growth opportunity. It aims to predominantly invest in small &
Portfolio (Top 10 Scrips)
mid cap stocks with a focus on identifying emerging stocks/ Scrip Name (%) of Market value
Hindustan Petroleum Corporation 15.88
sectors.
Voltas 7.59

● In last 3 years NTDOP PMS has delivered positive return of 34.38% Eicher Motors 6.85
Page Industries 6.75
versus 25.90% of Nifty Midcap100. Bajaj Finance 6.74
Performance(%ge) Bosch 6.25
Period NTDOP Portfolio Nifty Midcap 100 Max Financial Services 5.90
1 Month Kotak Mahindra Bank 8.38
3.88 4.35
3 Months City Union Bank 4.12
17.47 19.83
6 Months Emami 3.67
5.75 11.57
1 Year 37.84 34.85 Top 5 sectors
2 Year 18.69 14.99 Sector Name (%) of Market value
3 Year 34.38 25.90 Banking & Finance 26.47
4 Year 35.64 23.44 Oil and Gas 18.31
5 Year 31.51 17.39 Auto & Auto Ancillaries 16.45
Since Inception(11th Dec 2007) FMCG 14.86
18.79 7.89
Diversified 9.74

Returns is as on 31st March, 2017 Confidential: For Limited Circulation only MOAMC
Note: The Fresh application for NTDOP has been stopped. This is just for Information on returns of NTDOP
 NTDOP Strategy- CY-Y-o-Y returns
120.00%

100.00%

80.00%

60.00%

40.00%

20.00%

0.00%

-20.00%

-40.00%

-60.00%

-80.00%
CY-8 CY-9 CY-10 CY-11 CY-12 CY-13 CY-14 CY-15 CY-16 CY-17
NTDOP -53.17% 109.80% 22.52% -18.73% 56.98% 18.04% 78.16% 16.03% 13.18% 17.47%
CNXMCAP Index -55.88% 98.97% 19.16% -31.00% 39.16% -5.10% 55.91% 6.46% 7.13% 19.83%

CY- Calendar Year- Year-on-Year | CY17 is CYTD (till 31st March 2017)
Confidential: For Limited Circulation only
Returns is as on 31st March, 2017
NTDOP Strategy- FY-Y-o-Y returns
140.00%

120.00%

100.00%

80.00%

60.00%

40.00%

20.00%

0.00%

-20.00%

-40.00%

-60.00%
FY-8 FY-9 FY-10 FY-11 FY-12 FY-13 FY-14 FY-15 FY-16 FY-17
NTDOP -24.56% -37.67% 117.30% 10.17% 12.31% 16.20% 39.66% 72.31% 2.25% 37.84%
CNXMCAP Index -26.29% -45.40% 126.12% 4.35% -4.09% -4.02% 16.36% 50.96% -1.91% 34.85%

FY- Financial Year- Year-on-Year return Confidential: For Limited Circulation only
Returns is as on 31st March, 2017
NTDOP Strategy- Q-o-Q returns
35.0%

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%

-15.0%
Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17
NTDOP 13.1% 15.2% 20.8% 9.4% 10.8% -4.3% 0.0% -3.5% 11.9% 16.5% -10.0% 17.5%
CNXMCAP Index 28.8% 2.9% 10.2% 3.3% 0.1% -0.2% 3.2% -4.8% 8.3% 11.6% -6.9% 19.8%

Quarter-on-Quarter return Confidential: For Limited Circulation only

Returns is as on 31st March, 2017
NTDOP Strategy- M-o-M returns
15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%

-15.0%
Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17
Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17
NTDOP 2.0% 4.0% 5.6% 13.5% 2.5% 0.1% 2.8% -9.0% -3.8% 7.7% 5.0% 3.9%
CNXMCAP Index 3.5% 0.7% 3.9% 6.9% 4.0% 0.3% 3.2% -6.3% -3.7% 7.4% 6.9% 4.3%

Month-on-Month return Confidential: For Limited Circulation only

Returns is as on 31st March, 2017
NTDOP Strategy- Rolling returns
200%

142%
150%

100%
50%
50% 36% 37%
30% 27% 26% 28%
0%
4% 9% 17%

-50%
-57%
-100%
1 year 3 years 5 years 7 years

● The data shows rolling returns of the NTDOP Strategy Since Inception.
● It is worth noting that on 1 year rolling basis, the returns are in a very wide range. The best return made by the Strategy is
142% and the worst return is -57%. As we increase the time horizon, the outcomes narrow significantly from the average.

● For instance, if we consider the 5 year time frame, historically the best return (CAGR) is 36%, least return is 9% and
average return is 26%.

● It may also be noteworthy that the least return over 3 years rolling is 4%.

Confidential: For Limited Circulation only

Returns is as on 31st March, 2017
 NTDOP Strategy- Peer Group Comparison
Scheme Name 1 Month 3 Months 6 Months 9 Months 1 Year 2 Years 3 Years 5 Years

Mirae Asset Emerging Bluechip Fund 4.72 19.31 13.2 26.25 42.93 20.59 35.3 29.72

DSP BlackRock Small and Midcap Fund 5.53 17.89 11.7 21.34 39.54 17.01 31.16 23.7

NTDOP Strategy 3.88 17.47 5.75 23.16 37.84 18.72 34.42 31.53

HDFC Mid-Cap Opportunities Fund 5.27 17.1 9.67 23.8 37.37 16.38 30.3 24.88

IDFC Sterling Equity Fund 5.95 22.45 13.88 23.12 37.2 9.83 24.24 19.45

Sundaram Select Midcap 2.99 14.23 8.61 20.56 35.69 15.5 31.68 24.9

Franklin India Prima Fund 4.9 17.34 9.49 17.54 32.1 13.89 29.76 26.06

ICICI Prudential Value Discovery Fund 2.47 10.22 5.46 9.52 20.67 7.19 24 22.18

IDFC Premier Equity Fund 4.64 15.26 4.94 10.34 20.19 5.25 20.12 19.97

SBI Emerg Buss Fund 3.98 12.96 2.95 10.44 19.2 8.38 21.77 19.21

SBI Magnum Global Fund 94 4.74 10.98 -0.33 6.63 15.23 3.96 21.5 20.13

Index

Nifty Free Float Midcap 100 4.35 19.83 11.57 24.47 34.85 14.99 25.9 17.38

* Less than 1 year Absolute returns, Greater than or Equal to 1 year Compound Annualized returns

Returns is as on 31st March, 2017 Confidential: For Limited Circulation only

All Figures above 1 year are compounded annualized
 NTDOP Strategy- Peer Group Rolling return comparison
5 years rolling
Avg. Rolling Returns
comparision
Scheme Name
1 Year 3 Years 5 Years Max Ret. Min Ret.

DSPBR Small & Mid Cap Fund-Reg(G) 19% 20% 18% 25% 11%

Franklin India Prima Fund(G) 21% 24% 38% 49% 27%

HDFC Mid-Cap Opportunities Fund(G) 22% 23% 39% 48% 28%

ICICI Pru Value Discovery Fund(G) 20% 22% 36% 46% 28%

IDFC Premier Equity Fund-Reg(G) 17% 20% 33% 41% 24%

IDFC Sterling Equity Fund-Reg(G) 15% 17% 27% 36% 17%

Mirae Asset Emerging Bluechip-Reg(G) 26% 29% 46% 56% 36%

SBI Emerging Businesses Fund-Reg(G) 18% 19% 33% 43% 26%

SBI Magnum Global Fund 94-Reg(G) 19% 22% 35% 42% 28%

Sundaram Select Midcap(G) 20% 22% 35% 47% 24%

NTDOP 28% 30% 53% 65% 39%

Nifty Free Float Midcap 100 12% 13% 21% 33% 10%

Rolling return calculated from 1st Jan 2010 to 31st March 2017
This slide explains the peer group comparison on rolling performance since 2010.

All Figures are compounded annualized Confidential: For Limited Circulation only
Safe Harbor

Thank You !

This Information Package is distributed on a strictly private and confidential and on a need to know basis exclusively to intended recipient. This Information Package and the information and
projections contained herein may not be disclosed, reproduced or used in whole or in part for any purpose or furnished to any other person or persons. The Persons who are in possession of
this Information package or may come in possession at a later day, hereby undertakes to observe the restrictions contained herein.
The information contained herein is of a general nature and is not intended to address the facts and figures of any particular individual or entity. The content provided here treats the subjects
covered here in condensed form. It is intended to provide a general guide to the subject matter and should not be relied on as a basis for business decisions. No one should act upon such
information without taking appropriate additional professional advice after a thorough examination of the particular situation. This Information Package is distributed upon the express
understanding that no information herein contained has been independently verified. Further, no representation or warranty expressed or implied is made nor is any responsibility of any kind
accepted with respect to the completeness or accuracy of any information as may be contained herein. Also no representation or warranty expressed or implied is made that such information
remains unchanged in any respect as of any date or dates after those stated herein with respect to any matter concerning any statement made in this Information Package.

All recipients of the Information Package should make their own independent evaluations and should conduct their own investigation and analysis and should check the accuracy, reliability and
completeness of the Information and obtain independent and specific advice from appropriate professional advisers, as they deem necessary. Where this Information Package summarizes the
provisions of any other document, that summary should not be relied upon and the relevant.
The information contained in this document is confidential in nature and the recipient is receiving all such information on the express condition of confidentiality.
If you are not the intended recipient, you must not disclose or use the information in this document in any way whatsoever. If you received it in error, please inform us immediately by return e-
mail and delete the document with no intention of its being retrieved by you. We do not guarantee the integrity of any e-mails or attached files and are not responsible for any changes made
to them by any other person.

Confidential: For Limited Circulation only 26