From CIO Desk 2 From CIO Desk Market Review for the month of April 2020 Domestic Markets To counter the oronavirus induced slowdown and bolster the economic growth, RI reduced re-verse

April, 2020

2

From CIO Desk

Market Review for the month of April 2020

Domestic Markets

To counter the Coronavirus induced slowdown and bolster the economic growth, RBI reduced re-verse repo by 25bp from 4.00% to 3.75% as a measure to encourage banks to lend more rather than park money with RBI. RBI further issued measures in form of extension of export realization and postponement of implementation of countercyclical capital buffer. The average liquidity for the month of April was about ₹ 4825 bn surplus as against ₹ 2958 bn surplus in the month of

March. One year CD rate closed at 5.15% for April against 5.50% for March. The 10 year G-Sec benchmark closed the month at 6.10% as compared to 6.14% in previous month. 10 year AAA PSU closed at 7.33% as compared to 7.29%. INR took a hit against USD during the month and closed at 75.10 as compared to 75.54, reaching and Intermediate high of 76.835. The Brent crude oil regained support from $20 levels on account of commitment from major producers for supply cut and closed the month at $25.27 per barrel as compared to $22.74 per barrel in the previous month.

Domestic Macro Data: CPI for the month of March fell to 5.91% YoY as compared to 6.58% YoY in February whereas Core CPI inflation stood at 4.03% YoY as compared to 4.10% YoY in the month prior. WPI for March came in at 1.00% YoY as compared to 2.26% YoY in February. Index of Industrial Production (IIP) expanded 4.5% YoY in February as compared to expansion of 2.0% YoY in January. Provisional trade deficit for April 2019 - March 2020 stood at $70.16 billion as compared to $103.32 billion for the period of April 2018 – March 2019, driven primarily on account of larger decrease in imports of merchandise due to eco-nomic slowdown.

Outlook-Debt :

Developments around the Coronavirus and stance taken by global central banks acknowledges a material risk event firmly

in place. The estimate of global growth is getting revised downwards, and in India, Monetary as well as Fiscal policy have

been addressing the slowdown in growth through various measures. Fiscal scenario is expected to deteriorate on account

of fiscal relaxations and extensions provide for tax payment. We expect MPC to reassess the inflation trajectory in light of

slowdown in growth outlook and easing trend observed in food inflation, providing room for pre-emptive rate cut to sup-

port growth. We also expect RBI to continue maintaining surplus system liquidity in order to facilitate earlier rate cuts trans-

mission. Outlook – Equity : With markets being in extreme oversold zone due to Covid-19 fears, Indian markets along with global markets rallied in April with benchmark Nifty 50 up by 14.7% (best one month return in the last 11 years) while Nifty Small cap 250 Index was up by 12.9% and Nifty Midcap 150 Index was up by 14.6%. The markets are betting on the fact that we might see a peak in infections soon and are expecting a domestic relief package taking cue from global peers. This along with surge in liquidity as a result of massive fiscal reliefs led to buoyancy in the mar-kets. These sentiments might be short lived when seen in light of the fact that the fiscal space available to the Indian government might be limited and the expectations from across sectors too high. Also there is lack of clarity on how consumers would react post lockdown. Post the massive sell off seen by FII’s in March, April saw some abatement in selling pressure with net outflows of Rs 6,884 crs. Though the markets might have rallied ahead of expectations, being prudent and cautious would be the right strategy with focus to shift towards defensives like Pharma, Consumer Staples and IT over cyclical like Banking, Auto and Consumer Dis-cretionary.

Source : Reuters,Bloomberg, RBI & Internal. Date : 04/05/2020. For statutory details please refer to page nos. 14 & 16

Mr. Saravana Kumar

3

=

How to read the Factsheet

Fund Manager:

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount for Fresh Subscription:

This is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional Amount:

This is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield to Maturity:

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.

SIP:

Macaulay Duration

The Macaulay duration is the weighted average term to maturity of the cash flows from a bond.

It is the measure of bonds sensitivity to interest rate changes. The weight of each cash flow is

determined by dividing the present value of the cash flow by the price. Macaulay duration can be

calculated:

n

SIP or systematic investment plan works on the principle of making periodic investment of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs. 500 every 15th of the month in an equity fund for a period of three years. NAV:

t * C

(1+y)t

t=1 Macaulay Duration

n * M

(1+y)n

The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Benchmark:

Where:

t = respective time period

Current Bond Price

A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10- year Gsec.

Entry Load:

A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent.

Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs. 101.

Example Calculation

C = periodic coupon payment

y = periodic yield

n = total number of periods

M = maturity value

Current Bond Price = Present value of cash flows

Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.

Exit Load:

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs. 100 and the exit load is 1%, the redemption price would be Rs. 99 per unit.

Modified Duration:

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield.

Standard Deviation:

Standard Deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio:

The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

Beta:

Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

AUM:

AUM or assets under management refers to the recent/ updated cumulative market value of investments managed by a mutual fund or any investment firm.

Holdings:

The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/ securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of Scheme:

The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating Profile:

Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

Portfolio Turnover:

Portfolio Turnover is a measure of how frequently assets within a fund are bought and sold by the managers.

R-Squared:

R-Squared is a statistical measure that represents the percentage of a fund or security’s movements that can be explained by movements in a benchmark index.

Average Maturity:

In a mutual fund containing debt securities, Average Maturity is the average amount of time until the debt securities mature.

Portfolio Yield:

Portfolio Yield is computed by determining the cash flows for the portfolio and determining the interest rate that will make the present value of the cash flows equal to the market value of the portfolio.

Total Expense Ratio:

Weighted Average i.e. Total Expense of the month / average Asset / number of days in month* days in a year.

The calculation of Macaulay duration is straightforward. Assume there is a bond priced at ₹ 1,000

that pays a 6% coupon and matures in six years available at a Yield to Maturity (YTM) of 6%. The

bond pays the coupon once a year, and pays the principal on the final payment. Given this, the

following cash flows are expected over the next six years.

Cash Flow

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

₹ 60 ₹ 60 ₹ 60 ₹ 60 ₹ 60 ₹ 1,060

With the periods and the cash flows known, a discount factor must be calculated for each period.

This is calculated as 1 / (1 + r)^n, where r is the interest rate and n is the period number in question.

Thus the discount factors would be,

Discount Factor

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

0.9434 0.8900 0.8396 0.7921 0.7473 0.7050

Next, multiply the year’s cash flow by the year number and by its corresponding discount factor to find the present value of the cash flow.

Period Present value formula Present Value

Year 1 1 * ₹ 60 * 0.9434 ₹ 56.60

Year 2 2 * ₹ 60 * 0.8900 ₹ 106.80

Year 3 3 * ₹ 60 * 0.8396 ₹ 151.13

Year 4 4 * ₹ 60 * 0.7921 ₹ 190.10

Year 5 5 * ₹ 60 * 0.7473 ₹ 224.18

Year 6 6 * ₹ 1,060 * 0.7050 ₹ 4,483.55

Sum these values = ₹ 5,212.36 = numerator

Current Bond Price = sum of PV Cash Flows = 60/(1 + 6%)^1 + 60/(1 + 6%)^2 +...+ 1060/(1 +

6%)^6 = ₹ 1,000 = denominator

Macaulay duration = ₹ 5,212.36 / ₹ 1,000 = 5.21

A coupon paying bond will always have its duration less than its time to maturity. In the example

above, the duration of 5.21 years is less than the time to maturity of 6 years.

Sr

No.

Name of existing scheme(s) SEBI ClassificationS

A. Equity Schemes :

1 Essel Multi Cap Fund Multi Cap Fund

2 Essel Large Cap Equity Fund Large Cap Fund

3 Essel Large & Midcap Fund Large and Mid Cap Fund

4 Essel Long Term Advantage Fund ELSS

B. Debt Schemes :

5 Essel Liquid Fund Liquid Fund

6 Essel Ultra Short Term Fund Ultra Short Duration Fund

C. Hybrid Schemes :

7 Essel Regular Savings Fund Conservative Hybrid Fund

8 Essel Equity Hybrid Fund Aggressive Hybrid Fund

9 Essel 3 in 1 Fund Multi Asset Allocation

10 Essel Arbitrage Fund Arbitrage Fund

4

ESSEL LONG TERM ADVANTAGE FUND

(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)

Key Scheme Information Investment Objective The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instru-ments with the objective to provide investors with opportunities for capital appreciation and income genera-tion along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of Rs 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.

Allotment Date 30th December, 2015

Fund Size ₹ 47.62 Crs (AUM as on April 30, 2020)

Asset Allocation Pattern Equity and Equity Related Instruments: 80% to 100% Debt and Money Market Instruments: 0% to 20%

Scheme Features Exit Load : NIL Minimum Amount: ₹ 500/- and in multiples of ₹ 500/- thereafter Benchmark : S&P BSE 100 Index

Fund Manager: Mr. Saravana Kumar(Total experience 30 years) managing this fund w.e.f. 7th Dec 2019

Please refer to page no 14 and 16 for statutory details

Scheme Performance as on April 30, 2020(Last business day of the month)

Period ESSEL LONG TERM ADVANTAGE FUND

S&P BSE 100* @

NIFTY 50*

@@

1 year CAGR % -18.56% -14.97% -14.92%

3 year CAGR % -2.89% 2.31% 3.33%

Since Inception CAGR % 3.88% 6.42% 6.63% Current Value of investment if ₹ 10000/- was invested on Inception date

(in ₹) 11794.40 13096.03 13211.82

Current Value of investment if ₹ 10000/- was invested prior 1 year (in ₹)

8143.50 8503.28 8508.16


9155.15 10710.27 11034.18

* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Saravana Kumar please refer to page nos. 5,6,8,9,10,11,12 & 13 Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. As on April 30, 2020 TER - Regular (%)#......................................................................................................... ……… 2.35 TER - Direct (%)#........................................................................................................................ 0.83 Portfolio Turnover Ratio (Times)……... ……………………………………………………. ……... 1.36 # - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to Page no 14

SIP Returns

SIP Tenure (in years) 1 3

Investment Amount 10000.00 10000.00

Start Date 02-May-2019 02-May-2017

End Date 30-April-2020 30-April-2020

Total no of Installments 12 36

Total Amount Invested (₹) 1,20,000.00 3,60,000.00

Present value (₹) 1,01,592.14 3,07,849.68

Total No Units 8613.59 26101.34

Yield (%) -27.25 -9.92

SIP date every 1st business day of the month Past performance may or may not be sustained in the future. Assuming ₹10,000 invested systematically on the first Business Day of every month over a period of time. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.

Net Asset Value (NAV) as on April 30, 2020 (in ₹) (Last Business Day Of The Month)

Plan / Option Regular Plan Direct Plan

Growth Option 11.7944 12.6580 Dividend Option 11.7957 12.5264

Portfolio as on April 30, 2020

Portfolio Holdings Sector % of Net Assets

EQUITY SHARES 93.72

HDFC BANK LTD BANKS 6.29

KOTAK MAHINDRA BANK LTD BANKS 5.66

ICICI BANK LTD BANKS 5.64

TATA CONSULTANCY SERVICES LTD SOFTWARE 4.51

HINDUSTAN UNILEVER LTD CONSUMER NON DURABLES 4.16

UPL LTD PESTICIDES 3.49

AXIS BANK LTD BANKS 3.42

BHARTI AIRTEL LTD TELECOM - SERVICES 3.36

PI INDUSTRIES LTD PESTICIDES 3.17

CREDITACCESS GRAMEEN LTD FINANCE 2.93

MAX FINANCIAL SERVICES LTD FINANCE 2.51

AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 2.31

HDFC LIFE INSURANCE COMPANY LTD FINANCE 2.05

AVENUE SUPERMARTS LTD RETAILING 1.97

RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 1.97

HCL TECHNOLOGIES LTD SOFTWARE 1.86

PETRONET LNG LTD GAS 1.70

TORRENT PHARAMACEUTICALS LTD PHARMACEUTICALS 1.61

ALKEM LABORATORIES LIMITED PHARMACEUTICALS 1.53

RELAXO FOOTWEARS LTD CONSUMER DURABLES 1.47

SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 1.45

ESCORTS LTD AUTO 1.45

ABBOTT INDIA LTD PHARMACEUTICALS 1.42

BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 1.42

V-MART RETAIL LIMITED RETAILING 1.40

NESTLE INDIA LTD CONSUMER NON DURABLES 1.40

RATNAMANI METALS & TUBES LTD FERROUS METALS 1.35

DIXON TECHNOLOGIES (INDIA) LTD CONSUMER DURABLES 1.21

COROMANDEL INTERNTL. LTD FERTILISERS 1.19

BAJAJ AUTO LTD AUTO 1.18

MAHINDRA & MAHINDRA LTD AUTO 1.13

INFOSYS LTD SOFTWARE 1.13

JUBILANT FOODWORKS LTD CONSUMER NON DURABLES 1.04

RALLIS INDIA LTD PESTICIDES 1.02

SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 1.01

OTHERS 13.31

CASH & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

6.28

Total 100.00

Industry Allocation — Equity(%)

Asset Allocation

5

ESSEL MULTI CAP FUND

(An open ended equity scheme investing across large, mid & small cap stocks)

Key Scheme Information

Investment Objective To generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of large cap, mid cap and small cap companies as defined by SEBI from time to time. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns

Allotment Date 9th July, 2018


Asset Allocation Pattern Equity & Equity Related Instruments#: 65% To 100% Debt & Money market Instruments: 0% To 35%. Investment in REITs and InvITs: 0% To 10% # including Derivative instruments

Scheme Features Exit Load : Upto 15% of units redeemed within 365 days of allotment-NIL More than 15% of units redeemed within 365 days of allotment-1%. Units redeemed after 365 days from date of allotment-NIL (w.e.f. July 10, 2018) Minimum Amount: ₹ 1,000/- and in multiples of ₹ 1/- thereafter

Fund Manager: Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 17th May -2019 Mr. Suraj Makhija (Total Experience 10 years) managing this fund w.e.f. 17th May -2019


Scheme Performance as on April 30, 2020 (Last business day of the month)

Period Essel Multi Cap

Fund NIFTY 500

TRI* @ NIFTY 50

* @ @

1 year CAGR % -15.95% -15.97% -14.92%

Since Inception CAGR % -5.91% -6.67% -4.01%

Current Value of investment if ₹ 10000/- was invested on Inception date (in ₹) 8956.00 8824.20 9286.33

Current Value of investment if ₹ 10000/- was invested prior 1 year (in ₹) 8404.81 8403.28 8508.16

* - The returns are calculated to the Total Return Index (TRI) Variant of Benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Saravana Kumar please refer to page nos. 4,6,8,9,10,11,12 & 13 For performance of other schemes managed by Mr. Suraj Makhija please refer to page nos. 7,9 & 10. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. The scheme has completed 1 year only, hence 3 years & 5 years returns are not provided. As on April 30, 2020 TER - Regular (%)#......................................................................................................... ……… 2.40 TER - Direct (%)#....................................................................................................................... 0.58 Portfolio Turnover Ratio (Times)……... ……………………………………………………. ……... 1.60 # - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14

SIP Returns

SIP Tenure (in years) 1

Investment Amount 10000.00

Start Date 02-May-2019

End Date 30-April-2020

Total no of Installments 12

Total Amount Invested (₹) 1,20,000.00

Present value (₹) 1,03,637.96

Total No Units 11,571.90

Yield (%) -24.36

SIP date every 1st business day of the month

Past performance may or may not be sustained in the future. Assuming ₹ 10,000 invested systemati-cally on the first Business Day of every month over a period of time. Load is not taken into considera-tion for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.



EQUITY SHARES 96.33









HOUSING DEVELOPMENT FINANCE CORPORATION LTD

FINANCE 3.15



DIVIS LABORATORIES LTD PHARMACEUTICALS 2.43


BAJAJ FINANCE LTD FINANCE 1.90

BIRLA CORPORATION LTD CEMENT 1.73

WHIRLPOOL OF INDIA LIMITED CONSUMER DURABLES 1.68

ULTRATECH CEMENT LTD CEMENT 1.64


ASIAN PAINTS LTD CONSUMER NON DURABLES 1.60




ICICI LOMBARD GENERAL INSURANCE COMPANY LTD FINANCE 1.46

SBI LIFE INSURANCE COMPANY LTD FINANCE 1.45

SHREE CEMENTS LTD CEMENT 1.41


DABUR INDIA LTD CONSUMER NON DURABLES 1.23


CONTAINER CORPORATION OF INDIA LTD TRANSPORTATION 1.17


CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD FINANCE 1.09



CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.93







OTHERS 8.79

CASH & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

3.67

Total 100.00

Industry Allocation — Equity

Asset Allocation



Growth 8.9560 9.3051

Normal Dividend 8.9576 9.2551 Monthly Dividend 8.9563 9.2553 Quarterly Dividend 8.9572 9.2631 Half Yearly Dividend 8.9677 9.2557 Annual Dividend 8.9572 9.2564

6

ESSEL LARGE & MIDCAP FUND

(Large & Midcap Fund - An open ended equity scheme investing in both large cap and mid cap stocks)



Investment Objective The investment objective of the scheme is to generate capital appreciation over medium to long-term by investing predominantly in equity and equity related securities of mid cap companies & large cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns .

Allotment Date 7th December, 2015


Asset Allocation Pattern Equity and Equity Related Instruments of Large Cap Companies : 35% to 65% Equity and Equity Related Instruments of Midcap Companies : 35% to 65% Other Equity & Equity related instruments : 0% to 30% Debt & Money Market Instruments : 0% to 30% Investment in REITs and InvITs : 0% to 10%

Scheme Features Exit Load : Upto 15% of units redeemed within 365 days of allotment-NIL More than 15% of units redeemed within 365 days of allotment-1%. Units redeemed after 365 days from date of allotment-NIL Minimum Amount: ₹ 1,000/- and in multiples of ₹ 1/- thereafter Benchmark : S&P BSE 250 Large Mid cap Index*

Fund Manager: Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 07th December 2019



EQUITY & EQUITY RELATED 97.52










BAYER CROPSCIENCE LTD PESTICIDES 2.84

HOUSING DEVELOPMENT FIN. CORPORATION LTD FINANCE 2.26









COROMANDEL INTERNTL. LTD FERTILISERS 1.74

SUNDARAM FINANCE LTD FINANCE 1.74


ASTRAL POLY TECHNIK LTD INDUSTRIAL PRODUCTS 1.67

INDRAPRASTHA GAS LTD GAS 1.66





TATA GLOBAL BEVERAGES LTD (EX- TATA TEA LTD) CONSUMER NON DURABLES 1.56












MINDTREE LTD SOFTWARE 1.05


SANOFI INDIA LIMITED PHARMACEUTICALS 0.88

OTHERS 11.02

Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

2.48

Total 100.00


Period Essel Large & Midcap Fund

S&P BSE 250 Large Mid

Cap In-dex*@

NIFTY 50 * @ @

1 year CAGR % -18.63% -14.61% -14.92%

3 year CAGR % -3.77% 1.70% 3.33%

Since Inception CAGR % 5.19% 6.62% 6.94%

Current Value of investment if ₹ 10000/- was invested on Inception date (in ₹)

12495.70 13257.32 13434.44


8137.45 8538.64 8508.16


8908.64 10520.74 11034.18

* -The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Saravana Kumar please refer to page nos.4, 5,8,9,10,11,12 & 13. Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

As on April 30, 2020 TER - Regular (%)#.....................................................................................................................2.40 TER - Direct (%)#........................................................................................................................0.32 Portfolio Turnover Ratio (Times) ................................................................................................1.23 # -- Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14

SIP Returns







Present value (₹) 1,00,900.87 3,06,683.86

Total No Units 8,074.85 24,543.15

Yield (%) -28.21 -10.15

SIP date every 1st business day of the month Past performance may or may not be sustained in the future. Assuming ₹ 10,000 invested systematically on the first Business Day of every month over a period of time. Load is not taken into consideration for computation of perfor-mance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any

returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.



Growth Option 12.4957 13.4898

Normal Dividend 12.4932 13.3410

Half Yearly Dividend - 13.2841

Annual Dividend 12.8516 13.2954


Asset Allocation

7

ESSEL LARGE CAP EQUITY FUND

(Large Cap Fund - An open ended equity scheme predominantly investing in large cap stocks)

SIP Returns







Present value (₹) 318886.55 593483.08

Total No Units 16213.96 30175.98

Yield (%) -7.73 -0.43


Period Essel Large Cap

Equity Fund NIFTY 50*

@ @ NIFTY 50 *

@ @ @

1 year CAGR % -14.89% -14.92% -14.92%

3 year CAGR % -2.00% 3.33% 3.33%

5 year CAGR % 4.57% 5.16% 5.16%

Since Inception CAGR % 8.19% 9.69% 9.69% Current Value of investment if ₹ 10000/- was invested on Inception date (in ₹)

19667.40 22148.88 22148.88


8510.60 8508.16 8508.16


9409.74 11034.18 11034.18


12507.33 12862.55 12862.55

* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @@ - Bench Mark @@@- Additional Bench Mark For performance of other schemes managed by Mr. Suraj Makhija please refer to page nos. 5, 9 & 10. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

Risk Measures April, 2020 Standard Deviation^(%) …………………………………………………………………………….. 24.44 Benchmark Standard Deviation^(%)……………………………………………………………… 23.92 Sharpe Ratio~ ………………………………………………………………………………………… -0.15 Beta ........................................................................................................................................................ 0.97 TER - Regular (%)#................................................................................................................................ 2.40 TER - Direct (%)#............................................................................................................... ................ 0.18 Portfolio Turnover Ratio (Times) ....................................................................................................... 1.00 # - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14 ^ Statistical returns based on monthly returns over the past 3 year data as on April 30, 2020. ~ 1 day MIBOR has been assumed as the risk-free rate of return.


Investment Objective

The primary investment objective of the scheme is to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of Equity & equity related securi-ties diversified over various sectors of large cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Allotment Date 28th September, 2011


Asset Allocation Pattern

Equity & equity related instruments of Large Cap companies : 80% to 100% Other Equity & Equity related instruments : 0% to 20% Debt & Money Market Instruments : 0% to 20% Investment in REITs and InviTs : 0% to 10%

Scheme Features

Exit Load : Upto 15% of units redeemed within 365 days of allotment-NIL More than 15% of units redeemed within 365 days of allotment-1% Units redeemed after 365 days from date of allotment-NIL Minimum Amount: ₹1,000/- and in multiples of ₹1/- thereafter Benchmark : Nifty 50 Index *

Fund Manager: Mr. Suraj Makhija (Total experience 10 years) managing this fund w.e.f: 4th-Dec 2018









HOUSING DEVELOPMENT FIN. COR. LTD FINANCE 5.58






CIPLA PHARMACEUTICALS 2.74

STATE BANK OF INDIA BANKS 2.13


MARUTI SUZUKI INDIA LTD AUTO 1.83


SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 1.55

CADILA HEALTHCARE LTD PHARMACEUTICALS 1.45


THE FEDERAL BANK LTD BANKS 1.34




BHARAT PETROLEUM CORPORATION LIMITED PETROLEUM PRODUCTS 1.17






UNITED SPIRITS LTD CONSUMER NON DURABLES 0.97

LUPIN LTD PHARMACEUTICALS 0.96

LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 0.95

OTHERS 5.31

NON-CONVERTIBLE DEBENTURE / ZCB 0.02

BRITANNIA INDUSTRIES LTD CRISIL AAA 0.02

Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets) 7.63

Total 100.00


SIP date every 1st business day of the month Past performance may or may not be sustained in the future. Assuming ₹ 10,000 invested systematically on the first Business Day of every month over a period of time. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promis-ing or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.



Growth 19.6674 21.6709


Quarterly Dividend 13.7396 13.9389

Half Yearly Dividend 12.6568 14.7370

Yearly Dividend 13.5434 15.1583


Dividend History Please refer page 15

Aset Allocation

8

ESSEL EQUITY HYBRID FUND

(An Open Ended Hybrid Scheme investing predominantly in equity & equity related instruments)

Key Scheme Information Investment Objective The investment objective of the scheme is to provide periodic returns and capital appreciation over a long period of time, investing predominantly in equity and equity related instruments. However, there is no assur-ance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Allotment Date 30th April, 2018


Asset Allocation Pattern Equity and Equity Related Instruments: 65% To 80% Debt & Money Market Instruments: 20% To 35% Investment in REITs & InvITs: 0% To 10%

Scheme Features Exit Load : Upto 15% of units redeemed within 365 days of allotment-NIL More than 15% of units redeemed within 365 days of allotment-1% Units redeemed after 365 days from date of allotment-NIL Minimum Amount: ₹1,000/- and in multiples of ₹1/- thereafter Benchmark : CRISIL Hybrid 35+65 - Aggressive Index^

Fund Manager: Debt Portion: Mr. Archit Shah (Total experience 10 years) managed this fund from 01st April -20th April 2020 Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 21st April 2020 Equity Portion: Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 07th December- 2019


Scheme Performance as on April 30, 2020(Last business day of the month)

Period Essel Equity Hybrid Fund

CRISIL Hybrid 35+65 Aggressive Index * @ @

NIFTY 50 * @ @ @

1 year CAGR % -10.85% -4.16% -14.92%

Since Inception CAGR % -3.03% 1.18% -2.80%

Current Value of investment if ₹ 10000/- was invested on Inception date (in ₹) 9404.50 10236.84 9448.07

Current Value of investment if ₹ 10000/- was invested prior 1 year (in ₹) 8914.56 9584.06 8508.16

*- The returns are calculated to the Total Return Index (TRI) variant of the benchmark @@ - Bench Mark @@@ - Additional Benchmark For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 9,10,11, 12 & 13. For performance of other schemes managed by Mr. Saravana Kumar please refer to page nos. 4,5, 6,9,10,11,12 & 13 Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. The Scheme has completed more than 1 year and not completed 3 years and 5 years and hence the performance of only 1 year return is provided As on April 30, 2020 #TER - Regular (%)#......................................................................................................... ……… 2.40 #TER - Direct (%)#........................................................................................................................ 0.73 Portfolio Turnover Ratio (Times)……... ……………………………………………………. ……... 1.39 # - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14

SIP Returns

SIP Tenure (in years) 1

Investment Amount 10000.00

Start Date 02-May-2019

End Date 30-April-2020

Total no of Installments 12

Total Amount Invested (₹) 1,20,000.00

Present value (₹) 108488.18

Total No Units 11,535.77

Yield (%) -17.36

SIP date every 1st business day of the month

Past performance may or may not be sustained in the future. Assuming ₹ 10,000 invested systematically on the first Business Day of every month over a period of time. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or prom-ising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.





Monthly Dividend 9.4043 9.7066


Half Yearly Dividend 9.4046 9.7079

Annual Dividend 9.4030 9.7084














HOUSING DEVELOPMENT FINANCE CORP LTD FINANCE 2.33



SHREE CEMENTS LTD CEMENT 1.83

ICICI LOMBARD GENERAL INSURANCE CO. LTD FINANCE 1.48











OTHERS 13.16

CERTIFICATES OF DEPOSIT 16.59

CANARA BANK FITCH A1+ 8.87

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CRISIL A1+ 6.28

ICICI BANK LTD ICRA A1+ 1.19

NABARD CRISIL A1+ 0.25

COMMERCIAL PAPERS 0.55

RELIANCE INDUSTRIES LTD CRISIL A1+ 0.55


LIC HOUSING FINANCE LTD CRISIL AAA 1.84

POWER FINANCE CORPORATION LTD CARE AAA 0.62


3.91

Total 100.00


Asset Allocation

Average Maturity (Yrs) (For debt portion of the portfolio only) 0.27

Modified Duration (Yrs) (For debt portion of the portfolio only) 0.23

Portfolio Yield (%) (For debt portion of the portfolio only) 4.37

Maturity Profile % Weightage

BELOW OR EQUAL TO 50 DAYS 15.95

BELOW 1 Year 1.19

Above 1 Year 2.46

Cash & Cash Equivalent 3.91

Portfolio Classification by rating class

As on April 30, 2020

9

ESSEL 3 IN 1 FUND

(An open ended scheme investing in Debt, Equity and Gold)


Period Essel 3 in

1 Fund

CRISIL Composite Bond @15%+ Price

of Gold@15% +Price of Nifty TRI@

30% + NSE Arbi-trage Index @ 40%

10 Year dated GOI Security ^

@ @

1 year CAGR % -6.46% 6.32% 15.21%

3 years CAGR % 0.71% 6.85% 7.52%

5 years CAGR % 3.42% 6.76% 8.22%


Current Value of investment if ₹ 10000/- was invested on Inception date (in ₹ )

16706.10 19100.00 19150.03


9354.18 10634.00 11521.47


10216.11 12205.00 12438.26

Current Value of investment if ₹ 10000/- was invested prior 5 year (in ₹ )

11831.77 13875.00 14851.00

^ - The returns are calculated to the Total Return Index(TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark “ For performance of other schemes managed by Mr. Suraj Makhija please refer to page nos. 5,7 & 10 For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 8,10,11,12 & 13. For performance of other schemes managed by Mr. Saravana Kumar please refer page nos. 4,5,6,8,10,11,12 & 13 Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.. As on April 30, 2020 Average Maturity (Yrs) (For debt portion of the portfolio only) ................................ 0.03 Modified Duration (Yrs) (For debt portion of the portfolio only).................................................. 0.03 TER - Regular (%)# ....................................................................................... 2.24 TER - Direct (%)# ....................................................................................... 1.04 Portfolio Yield (%) (For debt portion of the portfolio only)................................................. 4.00 Portfolio Turnover Ratio (Times)………………………………………………………….. 1.15 # - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14


Investment Objective The investment objective of the scheme is to generate long term capital appreciation through a portfolio of fixed income securities, Gold Exchange traded funds (ETFs) of other mutual funds and gold related instru-ments and equity & equity related Instruments. However, there is no assurance or guarantee that the invest-ment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

Allotment Date Fund Size 5th April, 2011

Fund Size ₹15.79 Crs (AUM as on April 30, 2020)

Asset Allocation Pattern Equity & Equity related instruments : 65% to 80% Debt instruments of all types of companies & money market instruments : 10% to 15% Gold ETFs of other mutual funds & gold related instruments : 10% to 15% Investment in REIT & InvIT : 0% to 10%

Scheme Features Exit Load : Upto 15% of units redeemed within 365 days of allotment-NIL More than 15% of units redeemed within 365 days of allotment-1% , Units redeemed after 365 days from date of allotment - NIL Minimum Amount: ₹1,000/- and in multiples of ₹1/- thereafter Benchmark :CRISIL Composite Bond @ 15% + Price of Gold@15% + Nifty TRI@30% + NSE Arbitrage Index @40%^

Fund Manager: Debt Portion: Mr. Archit Shah (Total experience 10 years) managed this fund from 01st April-20th April 2020 Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 21st April 2020 Equity Portion: Mr. Suraj Makhija (Total experience 10 years) managing this fund w.e.f. 17th May-2019


Portfolio Holdings Rating/Sector % of Net Assets















AUROBINDO PHARMA LTD PHARMACEUTICALS 1.63






H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 1.28




TECH MAHINDRA LTD SOFTWARE 1.22




BAJAJ CONSUMER CARE LTD CONSUMER NON DURABLES 1.03

CUMMINS INDIA LTD INDUSTRIAL PRODUCTS 1.00

GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 0.93


BHARAT PETROLEUM CORPORATION LIMITED PETROLEUM PRODUCTS 0.86

SIEMENS LTD INDUSTRIAL CAPITAL GOODS 0.83




MAHINDRA & MAHINDRA FIN SER LTD FINANCE 0.72

UNITED SPIRITS LTD CONSUMER NON DURABLES 0.70

OTHERS 1.73

CERTIFICATES OF DEPOSIT

NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT CRISIL A1+ 6.32





MUTUAL FUNDS UNITS 12.88

NIPPON INDIA MUTUAL FUND 12.88

INVIT 4.03

INDIA GRID TRUST POWER UTILITIES 4.03 Cash & Cash Equivalent (including TREPS/(TBILL held as Collat-eral)/Reverse Repo/Net Current Assets)

5.24

Total 100.00

Please refer page no. 15 for Dividend History. Please refer to page no 14 and 16 for statutory


BELOW OR EQUAL TO 50 DAYS 9.48%

ABOVE 1 YEAR 0.01%

CASH & CASH EQUIVALENT 5.24%




Normal Dividend 16.1125 -




Portfolio Classification by Rating Class (%)

Asset Allocation

10


Portfolio Holdings Rating/Sector % of Net Asset
























H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.31

OTHERS 4.03



SIDBI CRISIL A1+ 11.53



EXIM BANK CRISIL A1+ 5.25


RURAL ELECTRIFICATION CORPN LTD CRISIL AAA 11.82

POWER FINANCE CORPORATION LTD CARE AAA 11.75

HOUSING DEVELOPMENT FINANCE COR. LTD CRISIL AAA 8.86


INVIT 3.34

INDIA GRID TRUST POWER UTILITIES 3.34


10.61

Total 100.00


Investment Objective To generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity & equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme(s) will be achieved. The Scheme(s) does not assure or guarantee any returns.

Allotment Date 29th July 2010

Fund Size

₹ 34.09 Crs (AUM as on April 30, 2020) Asset Allocation Pattern

"Debt & Money market instruments : 75% to 90% Equity and Equity Related Instruments and/ or Units of equity mutual fund schemes : 10% to 25% Investment in REITs & InvITs : 0% to 10%

Scheme Features

Exit Load : Upto 15% of units redeemed within 365 days of allotment-NIL More than 15% of units redeemed within 365 days of allotment-1% , Units redeemed after 365 days from date of allotment - NIL Minimum Amount: ₹1,000/- and in multiples of ₹1/- thereafter Benchmark :CRISIL Hybrid 85+15 Conservative Index^

Fund Manager: Debt Portion: Mr. Archit Shah (Total experience 10 years) managed this fund from 01st April-20th April 2020 Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 21st April 2020 Equity Portion: Mr. Suraj Makhija (Total experience 10 years) managing this fund w.e.f. 17th May-2019



BELOW 1 YEAR 33.99%

ABOVE 1 YEAR 11.75%








ESSEL REGULAR SAVINGS FUND

(An open ended hybrid scheme investing predominantly in debt instruments)

Please refer page no.15 for Dividend History


Portfolio Classification by Rating Class (%)

Asset Allocation


Period Essel Regular Savings Fund

CRISIL Hybrid 85+15 Conservative

Index^@

10 Year dated GOI Security

^@@

1 year CAGR % 0.81% 9.65% 15.21%

3 years CAGR % 3.30% 7.70% 7.52%

5 years CAGR % 5.35% 8.56% 8.22%


Current Value of investment if ₹ 10000/- was invested on inception date (in ₹)

19170.70 22452.52 19934.18


10080.77 10965.24 11521.47


11026.14 12498..49 12438.26


12981.86 15087.89 14851.00

^ - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Suraj Makhija please refer page nos. 5,7 & 9. For performance of other schemes managed by Mr. Archit Shah please refer page nos. 8,9, 11,12 & 13. For performance of other schemes managed by Mr. Saravana Kumar please refer page nos. 4,5,6,8,9,11,12 & 13 Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option

As on April 30, 2020 Average Maturity (Yrs) (For debt portion of the portfolio only)…….........................................................0.47 Modified Duration (Yrs) (For debt portion of the portfolio only)...............................................................0.43 TER - Regular (%)#…………………………………………………….………………………………………..2.15 TER - Direct (%)#.....................................................................................................……………………..0.68 Portfolio Yield (%) (For debt portion of the portfolio only)........................................................................5.15 # - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14

11

ESSEL ARBITRAGE FUND

(An open ended scheme investing in arbitrage opportunities)



EQUITY & EQUITY RELATED (Quantity fully hedged using Futures/Options)

73.82

DLF LTD CONSTRUCTION 9.63

GLENMARK PHARMACEUTICALS LTD PHARMACEUTICALS 9.38

HERO MOTOCORP LTD AUTO 8.61

AMBUJA CEMENTS LIMITED CEMENT 8.53


MARICO LTD CONSUMER NON DURABLES

7.42


LARSEN & TOUBRO LTD CONSTRUCTION PROJECT

6.69

BANK OF BARODA BANKS 5.28

CENTURY TEXTILES & INDUSTRIES LTD PAPER 3.48


26.18

Total 100.00


Investment Objective The investment objective of the Scheme is to generate income by predominantly investing in arbi-trage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized. The Fund will be a pure arbitrage fund with no directional positions in equity and derivatives (un-hedged) positions.

Allotment Date 28th August 2018

Fund Size

₹ 0.50 Crs (AUM as on April 30, 2020)


Under Normal Circumstances The Asset Allocation Pattern Will Be : Equity or Equity Related Instruments : 65% to 100% Of which Equity and Equity derivatives (only arbitrage opportunity) : 65% to 100% Debt and money market instruments : 0% to 35%

Scheme Features

Exit Load : If the Units are redeemed / switched out on or before 1 month from the date of allotment – 0.25% If the Units are redeemed / switched out after 1 month from the date of allotment – Nil Minimum Amount: ₹1,000/- and in multiples of ₹1/- thereafter Benchmark : CRISIL Liquid Fund Index (The benchmark and additional benchmark returns shall be calculated at the Total return Index (TRI) variant of the Index chosen.)

Fund Manager: Debt Portion: Mr. Archit Shah (Total experience 10 years) managed this fund from 01st April-20th April 2020 Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 21st April 2020 Equity Portion: Mr. Pradeep Sukte (Total experience 14 years) managing this fund w.e.f. 5th August-2019


Period Essel Arbitrage

Fund

CRISIL Liquid Fund

Index*@

NIFTY 50* @ @

1 year CAGR % 3.25% 6.27% -14.92%

Since Inception CAGR % 4.27% 6.80% -8.87%

Current Value of investment if ₹ 10000/- was invested on Inception date (in ₹)

10724.40 11164.54 8559.68


10325.13 10626.97 8508.16

* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 8,9,10,12 & 13 For performance of other schemes managed by Mr. Saravana Kumar please refer page nos. 4,5,6,8,9,10,12 & 13 Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan-Growth Option. The scheme has completed 1 year only, hence 3 years & 5 years returns are not provided.

As on April 30, 2020 TER - Regular (%)#.................................................................................. ………... 2.25 TER - Direct (%)#............................................................................... ……………...1.77 Portfolio Turnover Ratio (Times)..............................................................................2.28 # - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.14




Net Asset Value (NAV) as on April 30, 2020 (in ₹ ) (Last Business Day Of The Month)


Growth 10.7244 10.8291



Quarterly Dividend - 10.8356

Asset Allocation


12


Portfolio Holdings Rating % of Net Assets




NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMEN CRISIL A1+ 13.03





HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL AAA 9.59

LIC HOUSING FINANCE LTD CRISIL AAA 9.47

RURAL ELECTRIFICATION CORPN LTD CRISIL AAA 4.80

Cash & Cash Equivalent (including TREPS/(TBILL held as Collat-eral)/Reverse Repo/Net Current Assets)

10.53

Total 100.00


Investment Objective To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market & short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance be-tween safety & liquidity. However, there can be no assurance or guarantee that the invest-ment objective of the Scheme(s) will be achieved. The Scheme(s) does not assure or guaran-tee any returns.

Allotment Date 19th February 2010


Asset Allocation Pattern Debt & Money Market Instruments to maintain a portfolio of Macaulay Duration between 3 and 6 months : 0% to 100% Cash & Cash Equivalents : 0% to 100% Investment in REITs and InvITs : 0% to 10%

Scheme Features Exit Load : NIL Minimum Amount: ₹1,000/- and in multiples of ₹1/- thereafter

Benchmark : CRISIL Liquid Fund Index^

Fund Manager: Mr. Archit Shah (Total experience 10 years) managed this fund from 01st April-20th April 2020 Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 21st April 2020

Dividend History—Please refer page 15



Growth 2138.3824 2234.5044

Daily Dividend 1012.3999 1006.0949

Weekly Dividend 1003.1706 1004.1819




BELOW 1 YEAR 29.56%

ABOVE 1 YEAR 9.47%


Face Value changed from ₹ 10/- to ₹1000/- with effect from 21st September 2014.


Period Essel Ultra Short

Term Fund

CRISIL Liquid Fund

Index^@

1 Year Govt. T-Bill^@@

1 year CAGR % 5.62% 6.27% 8.40%

3 years CAGR % 6.17% 6.91% 7.27%

5 years CAGR % 6.67% 7.15% 7.29%


Current Value of investment if ₹ 10000/- was Invested on Inception date (in ₹)

21383.82 21248.97 19765.27

Current Value of investment if ₹ 10000/- was Invested prior I Year (in ₹)

10561.65 10626.97 10839.68

Current Value of investment if ₹ 10000/- was Invested prior 3 Year (in ₹)

11972.74 12225.41 12351.29

Current Value of investment if ₹ 10000/- was Invested prior 5 Year (in ₹)

13818.43 14129.82 14219.61

^ - The returns are calculated to the Total Return Index (TRI) Variant of the benchmark @ - Benchmark @@ -Additional Benchmark For performance of other schemes managed by Mr. Archit shah please refer page nos. 8,9,10,11 & 13 For performance of other schemes managed by Mr. Saravana Kumar please refer page nos. 4,5,6,8,9,10,11 & 13 Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

As on April 30, 2020 Average Maturity (Yrs).....................................................................................0.41 Modified Duration (Yrs)....................................................................................0.36 TER - Regular (%)# ................................................................................. 1.60 TER - Direct (%)# ........................................................................................0.72 Portfolio Yield (%) .........................................................................................4.92 # - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to Page 14

*CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on May 31, 2019)

ESSEL ULTRA SHORT TERM FUND

(An open ended ultra-short term debt scheme investing in instruments such that Macaulay duration of the portfolio is between 3 months and 6 months.)

Asset Allocation

Portfolio Classification by Rating Class

Scheme Performance vis - a- vis Benchmark

Please refer to page no. 14 & 16 for statutory details

13

ESSEL LIQUID FUND

(An open ended liquid scheme)


Portfolio Holdings Rating % of Net Assets


NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOP-MENT

CRISIL A1+ 13.06

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CRISIL A1+ 12.95






35.13

Total 100.00


Period Essel Liquid

Fund

CRISIL Liquid Fund

Index^@

1 Year Govt.

T-Bill^@@

1 year CAGR % 5.39% 6.27% 8.40%

3 years CAGR % 6.58% 6.91% 7.27%

5 years CAGR % 7.04% 7.15% 7.29%


Current Value of investment if ₹ 10000/- was 21725.53 21248.97 19765.27


10539.01 10626.97 10839.68

Current Value of investment if ₹ 10000/- was invested prior 3 Year (in ₹)

12114.16 12225.41 12351.29

Current Value of investment if ₹ 10000/- was 14058.20 14129.82 14219.61

^ - The Returns are calculated to the Total Return Index (TRI) Variant of the Benchmark @ - Benchmark @@ - Additional Benchmark For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 8,9,10,11 & 12. For performance of other schemes managed by Mr. Saravana Kumar please refer page nos. 4,5,6,8,9,10,11 & 12. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

As on April 30, 2020 Average Maturity (Yrs)…………………………………………………………………..0.04 Modified Duration (Yrs)………………………………………………………………….0.03 TER - Regular (%)#……………………………………………………………………...0.20 TER - Direct (%)#………………………………………………………………………...0.15 Portfolio Yield (%)………………………………………………………………………..3.95 # - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to Page 14


Investment Objective To provide a high level of liquidity with reasonable returns commensurate with low risk through a portfolio of money market and debt securities. However, there can be no assurance or guarantee that the investment objective of the scheme(s) will be achieved. The Scheme(s) does not assure or guarantee any returns.

Allotment Date 19th February 2010



Debt & Money Market Instruments with maturity/residual maturity up to 91 days : 0% to 100% Cash & Cash Equivalents : 0% to 100%

Scheme Features Exit Load : Minimum Amount: ₹1,000/- and in multiples of ₹1/- thereafter Benchmark : CRISIL Liquid Fund Index^

Fund Manager: Mr. Archit Shah (Total experience 10 years) managed this fund from 01st April-20th April 2020 Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 21st April 2020



Growth 2172.5529 2186.6320

Daily Dividend 1001.2902 1001.2900

Weekly Dividend 1000.7531 1000.7590





Face Value changed from ₹ 10/- to ₹ 1000/- with effect from 21st September 2014.

*CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on May 31, 2019)

Asset Allocation

Scheme Performance vis-a-vis Benchmark (%)

Investment period i.e no of days from date of subscription

NAV

Exit load as a % of Redemption Pro-

ceeds

1 Day 0.0070%

2 Days 0.0065%

3 Days 0.0060%

4 Days 0.0055%

5 Days 0.0050%

6 Days 0.0045%

7 Days or more NIL


Portfolio Classification by Rating Class

Dividend History—Please refer page 15

14

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http://www.careratings.com/

15

ESSEL 3 IN 1 FUND

Scheme / Plan Record

Date

Net Dividend (₹ per unit) Cum Dividend

NAV (in ₹)

Individual/HUF Corporate

REGULAR MONTHLY DIVIDEND 05-Mar-20 0.11519164 0.11519164 16.9470

DIRECT MONTHLY DIVIDEND 05-Mar-20 0.11749370 0.11749370 17.2978

REGULAR MONTHLY DIVIDEND 04-Feb-20 0.11793641 0.11793641 17.5988

DIRECT MONTHLY DIVIDEND 04-Feb-20 0.12023847 0.12023847 17.9502

REGULAR MONTHLY DIVIDEND 02-Jan-20 0.11572289 0.11572289 17.6436

DIRECT MONTHLY DIVIDEND 02-Jan-20 0.11793641 0.11793641 17.9825

REGULAR MONTHLY DIVIDEND 05-Dec-19 0.11660830 0.11660830 17.4580

DIRECT MONTHLY DIVIDEND 05-Dec-19 0.11873328 0.11873328 17.7792

REGULAR MONTHLY DIVIDEND 30-Oct-19 0.11421769 0.11421769 17.3577

DIRECT MONTHLY DIVIDEND 30-Oct-19 0.11616559 0.11616559 17.6589

REGULAR MONTHLY DIVIDEND 03-Oct-19 0.11501456 0.11501456 17.0663


REGULAR MONTHLY DIVIDEND 05-Sep-19 0.11173855 0.11173855 16.7341

DIRECT MONTHLY DIVIDEND 05-Sep-19 0.11350937 0.11350937 17.0010

REGULAR MONTHLY DIVIDEND 01-Aug-19 0.11244688 0.11244688 16.6761

DIRECT MONTHLY DIVIDEND 01-Aug-19 0.11404061 0.11404061 16.9226

REGULAR MONTHLY DIVIDEND 04-Jul-19 0.11554581 0.11554581 17.5377

DIRECT MONTHLY DIVIDEND 04-Jul-19 0.11705100 0.11705100 17.7777

REGULAR MONTHLY DIVIDEND 06-Jun-19 0.11598851 0.11598851 17.5499

DIRECT MONTHLY DIVIDEND 06-Jun-19 0.11722808 0.11722808 17.7707

REGULAR MONTHLY DIVIDEND 02-May-19 0.11598851 0.11598851 17.4075

DIRECT MONTHLY DIVIDEND 02-May-19 0.11722808 0.11722808 17.6027

REGULAR MONTHLY DIVIDEND 04-Apr-19 0.11581143 0.11581143 17.5115

DIRECT MONTHLY DIVIDEND 04-Apr-19 0.11696246 0.11696246 17.6921

REGULAR MONTHLY DIVIDEND 06-Mar-19 0.11421769 0.11421769 17.3975


REGULAR MONTHLY DIVIDEND 06-Feb-19 0.11395207 0.11395207 17.3924


REGULAR QUARTERLY DIVI-DEND

22-Mar-18 0.25102250 0.23256754

15.4047

DIRECT QUARTERLY DIVIDEND 22-Mar-18 0.26108784 0.24189289 16.0255

REGULAR QUARTERLY DIVI-DEND

02-Nov-17 0.25495961 0.23621520

15.7120

DIRECT QUARTERLY DIVIDEND 02-Nov-17 0.26471019 0.24524893 16.3120

REGULAR QUARTERLY DIVI- 02-May-17 0.25358731 0.23494379

15.5982

DIRECT QUARTERLY DIVIDEND 02-May-17 0.26189336 0.24263919 16.1153

Dividend History ESSEL REGULAR SAVINGS FUND


Date

Net Dividend (₹ per unit) Cum Dividend NAV (in ₹) Individual/HUF Corporate



MONTHLY DIVIDEND 28-Feb-20 0.03697301 0.03423720 10.1966


MONTHLY DIVIDEND 31-Jan-20 0.03724273 0.03448696 10.3363


MONTHLY DIVIDEND 27-Dec-19 0.03709307 0.03434838 10.3252


MONTHLY DIVIDEND 29-Nov-19 0.03725038 0.03449404 10.3362

DIRECT MONTHLY DIVIDEND 29-Nov-19 0.04027779 0.03729745 11.1756

MONTHLY DIVIDEND 25-Oct-19 0.03689597 0.03416586 10.2436


MONTHLY DIVIDEND 27-Sep-19 0.03703646 0.03429596 10.2731


MONTHLY DIVIDEND 30-Aug-19 0.03648782 0.03378791 10.1427


MONTHLY DIVIDEND 26-Jul-19 0.03654219 0.03383825 10.1557


MONTHLY DIVIDEND 28-Jun-19 0.03695878 0.03422403 10.2674


MONTHLY DIVIDEND 31-May-19 0.03723581 0.03448055 10.3297


MONTHLY DIVIDEND 26-Apr-19 0.03698303 0.03424648 10.2805





MONTHLY DIVIDEND 28-Dec-18 0.03638972 0.03369707 10.1190


MONTHLY DIVIDEND 30-Nov-08 0.03642996 0.03373433 10.1236



MONTHLY DIVIDEND 31-Aug-18 0.03668995 0.03397508 10.1944


ESSEL ULTRA SHORT TERM FUND


Date

Net Dividend (₹ per unit) Cum Dividend

NAV (in ₹) Individual/

HUF Corporate

REGULAR PLAN MONTHLY DIVIDEND 24-Apr-20 5.118 5.118 1022.8875




REGULAR PLAN MONTHLY DIVIDEND 28-Feb-20 3.67531089 3.40335701 1020.3160


REGULAR PLAN MONTHLY DIVIDEND 31-Jan-20 3.67922524 3.40698171 1021.6207


REGULAR PLAN MONTHLY DIVIDEND 27-Dec-19 3.68099991 3.40862507 1022.1904


REGULAR PLAN MONTHLY DIVIDEND 29-Nov-19 3.68822998 3.41532015 1024.2789


REGULAR PLAN MONTHLY DIVIDEND 25-Oct-19 3.68818356 3.41527716 1024.2031


REGULAR PLAN MONTHLY DIVIDEND 27-Sep-19 3.68775368 3.4148791 1024.0712


REGULAR PLAN MONTHLY DIVIDEND 30-Aug-19 3.69300727 3.41974395

1025.6363


REGULAR PLAN MONTHLY DIVIDEND 26-Jul-19 3.68443492 3.41180590 1023.2488


REGULAR PLAN MONTHLY DIVIDEND 28-Jun-19 3.68091362 3.40854516 1022.1876


REGULAR PLAN MONTHLY DIVIDEND 31-May-19 3.68344333 3.41088769 1023.0506


REGULAR PLAN MONTHLY DIVIDEND 26-Apr-19 3.67568243 3.40370105 1020.7920


REGULAR PLAN MONTHLY DIVIDEND 29-Mar-19 0.38110673 0.00 1010.8481


REGULAR PLAN MONTHLY DIVIDEND 22-Feb-19 3.66970907 3.39816888 1019.1124


REGULAR PLAN MONTHLY DIVIDEND 25-Jan-19 3.67080137 3.39918117 1019.4083


REGULAR PLAN MONTHLY DIVIDEND 28-Dec-18 3.67101778 3.39938156 1019.4953


REGULAR PLAN MONTHLY DIVIDEND 30-Nov-18 3.67004943 3.39848487 1019.2196


REGULAR PLAN MONTHLY DIVIDEND 28-Sep-18 3.64291716 3.37336025 1011.8808


REGULAR PLAN MONTHLY DIVIDEND 31-Aug-18 3.65036868 3.38026039 1013.6872

DIRECT MONTHLY DIVIDEND 31-Aug-18 3.7197902 3.44454508

1032.9827

ESSEL LARGE CAP EQUITY FUND


Date

Net Dividend ( ₹ per unit) Cum Dividend NAV (in ₹)

Individual/HUF

Corporate

Normal Plan 20-Dec-17 3.5000 3.5000 17.9685

Direct Normal Plan 20-Dec-17 4.0000 4.0000 19.0847

Normal Plan 16-Nov-15 2.5000 2.5000 15.1693

Direct Normal Plan 16-Nov-15 2.5000 2.5000 15.6576

Dividend History (Quarterly)

Regular Plan - Quarterly 22-Mar-18 0.3000 0.3000 15.2320

Direct Plan - Quarterly 22-Mar-18 0.4000 0.4000 15.0944

Regular Plan - Quarterly 02-Nov-17 0.3000 0.3000 16.4804

Direct Plan - Quarterly 02-Nov-17 0.4000 0.4000 16.3820

Regular Plan - Quarterly 02-May-17 0.3000 0.3000 15.5222

Direct Plan - Quarterly 02-May-17 0.4000 0.4000 15.4569

ESSEL LIQUID FUND


Date

Net Dividend ( ₹ per unit) Cum Dividend

NAV (in ₹) Individual/HUF Corporate

REGULAR PLAN MONTHLY DIVIDEND 24-Apr-20 3.6178 3.6178 1,004.8778

DIRECT MONTHLY DIVIDEND 24-Apr-20 3.6554 3.6554 1,004.9154

REGULAR PLAN MONTHLY DIVIDEND 27-Mar-20 2.94878435 2.73058965 1,005.3537

DIRECT MONTHLY DIVIDEND 27-Mar-20 2.9761566 2.7559365 1,005.3917

REGULAR PLAN MONTHLY DIVIDEND 28-Feb-20 2.68946824 2.49046158 1,004.9937

DIRECT MONTHLY DIVIDEND 28-Feb-20 2.71648033 2.51547492 1,005.0312

REGULAR PLAN MONTHLY DIVIDEND 31-Jan-20 3.32464864 3.07864194 1,005.8755

DIRECT MONTHLY DIVIDEND 31-Jan-20 3.35929616 3.11072572 1,005.9236

REGULAR PLAN MONTHLY DIVIDEND 27-Dec-19 2.53856067 2.35072038 1,004.7842

DIRECT MONTHLY DIVIDEND 27-Dec-19 2.56550073 2.37566702 1,004.8216

REGULAR PLAN MONTHLY DIVIDEND 29-Nov-19 3.25427313 3.01347385 1,005.7778

DIRECT MONTHLY DIVIDEND 29-Nov-19 3.28856049 3.04522412 1,005.8254

REGULAR PLAN MONTHLY DIVIDEND 25-Oct-19 2.7316071 2.52948239 1,005.0522

DIRECT MONTHLY DIVIDEND 25-Oct-19 2.78469487 2.57864194 1,005.1259

REGULAR PLAN MONTHLY DIVIDEND 27-Sep-19 2.77878823 2.57317236 1,005.1177


PRODUCT LABELING

NAME OF THE SCHEME THESE PRODUCTS ARE SUITABLE FOR INVESTORS WHO ARE SEEKING*

RISKOMETER

Essel Liquid Fund (An Open Ended Liquid Scheme)

l Income over short term. l Investments in debt and money market Instrumentsl Degree of risk – LOW RISK

Investors understand that their principal will be at Low risk

Essel Ultra Short Term Fund (An open ended ultra-short term debt scheme investing in instruments such that Macaulay duration of the portfolio is between 3 months and 6 months.)

l Income over short term. l Investment in money market and short term debt

instruments.l Degree of risk – MODERATELY LOW RISK

Investors understand that their principal will be at Moderately Low risk

Essel Arbitrage Fund (An open ended scheme investing in arbitrage opportunities)

l To generate income over short term. l To generate income by predominantly investing in arbitrage

opportunities in cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

l Degree of risk – MODERATELY LOWInvestors understand that their principal will be at Moderately Low risk

Essel Regular Savings Fund (An open ended hybrid scheme investing predominantly in debt instruments)

l Income over medium to long term. l Investment in high quality f i xed i nco me securiti es and wit h a

marginal exposure to equity and equity related instruments.l Degree of risk – MODERATELY HIGH RISK

Investors understand that their principal will be at Moderately High risk

Essel 3 In 1 Fund (An open ended scheme investing in Debt, Equity and Gold)

l Capital appreciation over the long term. l To generate long term capital appreciation through a

portfolio of f i xed i nco me securiti es, Gol d Exchange tr aded funds (ETFs) of other mutual funds and gold related instruments and equity & equity related Instruments.

l Degree of risk – MODERATELY HIGH RISK

Essel Large Cap Equity Fund (Large Cap Fund - An open ended equity scheme predominantly investing in large cap stocks)

l Capital appreciation over the long term. l Investing in an actively managed portfolio predominantly

consisting of Equity & equity related securities diversif i ed over various sectors of large cap companies


Essel Large & Midcap Fund (Large & Midcap Fund - An open ended equity scheme investing in both large cap and mid cap stocks)

l Capital appreciation over medium to long terml Investing predominantly in equity and equity related

securities of mid cap companies & large cap companies.l Degree of risk – MODERATELY HIGH RISK

Essel Multi Cap Fund(An open ended equity scheme investing across large, mid & small cap stocks)

l Capital appreciation over the long term. l To generate capital appreciation by predominantly investing

in equity and equity related instruments across large cap, mid cap, small cap stocks


Essel Long Term Advantage Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benef it)

l Capital appreciation over long terml Investment in equity and equity related instruments.l Degree of risk – MODERATELY HIGH RISK

Essel Equity Hybrid Fund (An Open Ended Hybrid Scheme investing predominantly in equity & equity related instruments)

l Capital appreciation over the long terml To generate capital appreciation by predominantly

investing in equity and equity related instruments.l Degree of risk – MODERATELY HIGH RISK

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them

16

17

ESSEL MUTUAL FUND OFFICES

LIST OF POINT OF ACCEPTANCES OF KFIN TECHNOLOGIES PRIVATE LTD. (FORMERLY KARVY FINTECH PRIVATE LIMITED)

Registered Office: Essel Finance AMC Limited, 3rd Floor, Peerless Mansion, 1, Chowringhee Square,Kolkata - 700 069. Tel 033 4018 5000, Fax : 033 40185010. CIN No: U65990WB2009PLC134537 Investment & Operations Office : 6th Floor, Jet Prime, Suren Road,Nr. Guru Nanak Petrol Pump/Cinemax Opp. Residency Hotel Andheri (East), Mumbai – 400093, Maharashtra Toll Free : 1800 103 8999 Fax : +91 22 7133 5158 Branches/Customer Service Centres : EAST - AGARTALA: Agartala branch, Saha building, C/o lateRajmohan Saha, Durgabari Lane, Agartala, Tripura (West), Pin-799 001, *CONTAI: Vill: Dhandighi ,HoldingNo.: 359/351, 1st Floor, P.O. & P.S.: Contai, Pin : 721401,West Bengal, DURGAPUR: Unit NoA-212,KamdhenuCommercial Complex,City Centre,Durgapur-713216, West Bengal, *GHATAL: ESSEL FINANCE AMC LTD,Behind Bandhan Bank Argora, Near Ghatal Hospital, PO+PS-Ghatal, Dist-West Midnapore,PIN-721212,*GUWAHATI: Essel Finance AMC Limited, Ground floor, Mayur Garden, Behind ABC Bus Stop, Bhangagarh,GS Road, Guwahati – 781005, *KOLKATA: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata700 069, SILIGURI: Siliguri Branch, Nanak Complex,3rd Floor, Above IDBI Bank, Sevoke Road , P.O. Siliguri, Dist. Darjeeling-734 001, WEST - *MUMBAI: 601, Jet Prime, Plot No. 39-B, Suren Road, Andheri (E), Mumbai 400093, BARODA: First Floor, Iplex India Pvt Ltd. Above Spencers Mall, Besides Vadodara Central, Genda Circle, Vadodara-390007 *AHMEDABAD: Workshack, Navin House, Gr. Floor, Opp. Sardar Patel Seva Samaj Hall Near Mithakhali Six Road, Navrangpura, Ahmedabad - 380 006, NASHIK: 45 Degrees Co Work, 1, Madhumangal Apartment, Near SBI Gangapur Road Branch, ST Colony, Prasad Circle, Gangapur Road, Nashik - 422 005,NAGPUR: Pukhraj House, VIP Road, Near Children’s Traffic Park, Darampeth Nagpur – 440010. *PUNE: Aurora Towers,9 Moledina Road,West Wing,First Floor,Camp,Pune-411001. NORTH - *NEW DELHI: Office no. 807, 8th Floor, Prakash Deep Building, 7,Tolstoy Marg, Connaught Place, New Delhi -110001, *LUCKNOW: Essel Finance AMC LTD Office No:1, Centre Court Building,1st Floor, 5 Park Road, Hazratganj, Lucknow-226001 Landline:- 0522-4237190. JAIPUR: Essel Finance AMC Ltd.602, 6th Floor, KJ City Tower Ashok Marg, C Scheme,Jaipur-302001, CHANDIGARH: Cabin No. 2, Magnet CoWork Plot No 129/1 (Opp. Hyatt),Industrial Area, Phase 1, Chandigarh-160002,SOUTH - *BANGALORE: Essel Finance AMC Ltd BHIVE Workspace, 1st, 6th, 7th Floor, Mahalakshmi Chambers, 29,MG Road, Yellappa Garden, Yellappa Chetty Layout, Ashok Nagar,Bengaluru, Karnataka 560001 (Next To Trinity Metro Station), *CHENNAI: (Essel Finance AMC Ltd.) Linbuz Business Centre,14th Main Road, Shanthi Colony, AM Block Anna Nagar, Chennai - 600 040 *COIMBATORE: Essel Finance AMC Limited (An Essel Finance Co.), 196/8, Aishwarya Commercial Centre, T.V. Samy Road West, RS Puram Coimbatore - 641002, *HYDERABAD: DBS Business Center, DBS House, Office No- 204,1-7-43-46 Sardar Patel Road, Secun-derabad - 500003. Note : These locations are Official Points of Acceptance. Registrar and Transfer Agent : KFIN Technologies Private Ltd. (Formerly Karvy Fintech Private Limited) KARVY SELENIUM, Plot number 31 & 32, Tower B, Surve y No. 115/22, 115/24 & 115/25, Financial District, Gachibowli,

AGARTALA: Bidurkarta Chowmuhani,J N Bari Road,Tripura ( West ),Agartala-799001,Tripura. • AGRA: 1St Floor,Deepak Wasan Plaza, Behind Holiday Inn, Sanjay Place,Agra -282002,Uttar Pradesh. • AHMEDABAD: 201/202 Shail Complex,Opp: Madhusudan House, B/H Girish Cold Drink,Off C G Road, Navrangpura, Ahmedabad -380006,Gujarat. • AJMER: 302, 3rd Floor,Ajmer Auto Building,Opposite City Power House,Jaipur Road; Ajmer -305001,Rajasthan. • AKOLA: Yamuna Tarang Complex, Shop No 30, Ground Floor, N.H. No - 06, Murtizapur Road,Opp Radhakrishna Talkies,Akola - 444004,Maharashthra. • ALIgARH: 1St Floor,Kumar Plaza,Ramghat Road,Aligarh-202001,Uttar Pradesh.• ALLAHABAD: Rsa Towers, 2Nd Floor,Above Sony Tv Showroom, 57, S P Marg, Civil Lines,Allahabad-211001,Uttar Pradesh.• ALLEP-PY: 1st Floor, Jp Towers,Mullackal,Ksrtc Bus Stand,Alleppy-688011,Kerala.• ALWAR: 101, Saurabh Tower, Opp. Uit, Near Bhagat Singh Circle,Road No.2,Alwar -301001,Rajasthan. • AMARAVATHI: Shop No. 21, 2nd Floor,Gulshan Tower, Near Panchsheel Talkies, Jaistambh Square, Amaravathi-444601,Maharashthra.• AMBALA: 6349, Nicholson Road, Adjacent Kos Hospitalambala Cant,Ambala -133001,Haryana. • AMRITSAR: 72-A,Taylor’S Road,Opp Aga Heritage Club,Amritsar-143001,Punjab.• ANAND: B -42 Vaibhav Commercial Center,Nr Tvs Down Town Shrow Room ,Grid Char Rasta, Anand -380001,Gujarat. • ANANTHAPUR: #15/149,1St Floor,S R Towers,Subash Road,Opp. To Lalitha Kala Parishad,Anantapur-515001,Andhra Pradesh.• ANDHERI: 6 & 7, 131 Andheri Industrial Estate,-,Veera Desai Road,Andheri (west), Mumbai-400 053,Maharashtra.• ANKLESHWAR: L/2 Keval Shopping Center,Old National Highway, Ankleshwar, Ankleshwar-393002,Gujarat.• ASANSOL: 114/71 G T Road,Bhanga Panchil Near Nokia Care, -,Asansol -713303,West Bengal. • AURANgABAD: Ramkunj Niwas ,Railway Station Road,Near Osmanpura Circle,Aurangabad-431005,Maharashthra.• AZAMgARH: 1 St Floor,Alkal Building, Opp. Nagaripalika Civil Line,Azamgarh -276001,Uttar Pradesh. • BALASORE: M.S Das Street,Gopalgaon, ,Balasore,Orissa,Balasore -756001,Orissa. • BANgALORE: 59, ,Skanda puttanna Road,Basavanagudi,Bangalore -560004,Karnataka. • BANKURA: Plot Nos - 80/1/A, Natunchati Mahalla, 3Rd Floor, Ward No -24, Opposite P.C Chandra,Bankura Town,Bankura -722101,West Beng al.• BAREILLY: 1St Floor,Rear Side,A -Square Building,154 -A Civil Lines,Opp.D. M. Residence,Station Road, Bareilly -243001,Uttar Pradesh. • BARHAMPORE (WB): Thakur Market Complex, Gorabazar,Post Berhampore Dist Murshidabad,72 No Nayasarak Road,Barhampore (Wb)-742101,West Bengal.• BARODA: 203, Corner point, Jetalpur Road, Baroda, Gujarat,Baroda -390007,Gujarat. • BEgUSARAI: Near Hotel Diamond Surbhi Complex, O.C Township Gate,Kapasiya Chowk,Begusarai-851117,Bihar.• BELgAUM: Cts No 3939/ A2 A1,Above Raymonds Show Room |Beside Harsha Appliances,Club Road,Belgaum -590001,Karnataka.• BELLARY: Shree Gayathri Towers,#4, 1st Floor, K.H.B.Colony, Gopalaswamy Mudaliar Road, Gandhi Nagar - Bellary -583103,Karnataka. • BERHAMPUR (OR): Opp Divya Nandan Kalyan Mandap,3rd Lane Dharam Nagar, Near Lohiya Mo-tor,Berhampur (Or)-760001,Orissa.• BETUL: 107,1St Floor, Hotel Utkarsh ,| J. H. College Road ,-,Betul-460001,Madhya Pradesh.• BHAgALPUR: 2Nd Floor,Chandralok Complex,Ghantaghar,Radha Rani Sinha Road,Bhagalpur-812001,Bihar. • BHARUCH: Shop No 147-148,Aditya Complex,Near Kasak Circle,Bharuch-392001,Gujarat.• BHATINDA: #2047-A 2Nd Floor,The Mall Road,Above Max New York Life Insurance ,Bhatinda-151001,Punjab.• BHAVNAGAR: 303, Sterling Point, ,Waghawadi Road, Bhavnagar-364001,Gujarat.• BHILAI: Shop No -1, First Floor Plot No -1, Commercial Complex Nehru Nagar - East,-,Bhilai -490020,Chatisgarh. • BHILWARA: Shop No. 27-28,1St Floor, Heera Panna Market,Pur Road,Bhilwara-311001,Rajasthan.• BHOPAL: Kay Kay Business Centre,133, Zone I, Mp Nagar,Above City Bank,Bhopal-462011,Madhya Pradesh.• BHUBANESWAR: A/181, Back Side Of Shivam Honda Show Room,Saheed Nagar, -,Bhubaneswar -751007,Orissa. • BIKANER: 70-71, 2Nd Floor | Dr.Chahar Building ,Panchsati Circle,Sadul Ganj ,Bikaner-334003,Rajasthan.• BILASPUR: Shop No -225,226 & 227,2nd Floor,Narayan Plaza, Link Road, -,Bilaspur -495001,Chatisgarh. • BOKARO: B -1, 1St Floor, City Centre, Sector - 4, ,Near Sona Chandi Jwellars,Bokaro -827004,Jharkhand. • BORIVALI: Gomati Smuti,Ground Floor,Jambli Gully, Near Railway Station, Borivali, Mumbai -400 092,Maharashtra. • BURDWAN: Anima Bhavan, 1st Floor, Holding No. -42,Sreepally, G. T. Road,West Bengal,Burdwan -713103,West Bengal. • CALICUT: First Floor, Savithri Building,Opp. Fathima Hospital,Bank Road,Calicut-673001,Kerala.• CHANDIgARH: Sco- 2423-2424, ,Above Mirchi Restaurent, New Aroma Hotel,First Floor, Sector 22 -C, Chandigarh-160022,Union Territory. • CHANDRAPUR: Shop No-6 Office No-2,1St Floor Rauts Raghuvanshi Complex,Beside Azad Garden Main Road,Chandrapur-442402,Maharashthra.• CHEMBUR: Shop No 4, Ground Floor, Shram Saflya Bldg,-,N G Acharya Marg,Chembur, Mumbai -400 071,Maharashtra.• CHENNAI: F -11, Akshaya Plaza, 1St Floor,108, Adhithanar Salai,Egmore, Opp To Chief Metropolitan Court,Chennai -600002,Tamil Nadu. • CHINSURA: J C Ghosh Saranu,Bhanga Gara, Chinsurah, Hooghly, -,Chinsurah -712101,West Bengal. • COCHIN: Ali Arcade, 1St Floor,Kizhavana Road,Panampilly Nagar,Near Atlantis Junction,Ernakualm-682036,Kerala.• COIMBATORE: 3rd Floor, Jaya Enclave,1057 Avinashi Road, -,Coimbatore -641018,Tamil Nadu. • CUTTACK: Opp Dargha Bazar Police station,Dargha Bazar, Po - Buxi Bazar, -,Cuttack -753001,Orissa. • DARBHANgA: Jaya Complex,2Nd Floor,Above Furniture Planet,Donar,Chowk,Darbhanga-846003,Bihar.• DAVANgERE: D.No 376/2, 4th Main, 8th Cross, P J Extension, Opp Byadgishettar School,-,Davangere-577002,Karnataka.• DEHRADUN: Kaulagarh Road,Near Sirmaur Margabove,Reliance Webworld,Dehradun-248001,Uttaranchal.• DEORIA: 1St Floor,Shanti niketan,Opp. Zila Panchayat, Civil Lines,Deoria -274001,Uttar pradesh. • DEWAS: 27 Rmo House,Station Road,Above Maa Chamunda Gaes Agency,Dewas-455001,Madhya Pradesh.• DHANBAD: 208 New Market 2Nd Floor,Bank More, -,Dhanbad -826001,Jharkhand. • DHARWAD: 307/9 -A 1st Floor, Nagarkar Colony,Elite Business Center,Nagarkar Colony,P B Road,Dharwad -580001,Karnataka. • DHULE: Ground Floor Ideal Laundry, Lane No 4, Khol Galli, Near Muthoot Finance, Opp Bhavasar General Store, Dhule -424001,Maharas hthra. • DINDIgUL: No: 9 Old No:4/B, New Agraharam, Palani Road, Dindigul -624001,Tamil Nadu. • DURgAPUR: MWAV -16 BENGAL AMBUJA,2ND FLOOR CITY CENTRE,Distt. BURDWAN, Durgapur -16 ,Durgapur -713216,West Bengal. • ELURU: Dno-23A-7-72/73,K K S Plaza, Munukutla Vari Street,Opp Andhra Hospitals, R R Peta, Eluru -534002,Andhra Pradesh. • ERODE: No: 4, Veerappan Traders Complex, KMY Salai, Sathy Road,Opp. Erode Bus Stand,Erode-638003,Tamil Nadu.• FARIDABAD: A -2B, 3rd Floor,Neelam Bata Road, Peer ki Mazar, Nehru Groundnit,Faridabad -121001,Haryana. • FEROZPUR: The Mall Road, Chawla Bulding, Ist Floor, Opp. Centrail Jail,Near Hanuman Mandir,Ferozepur-152002,Punjab.• gANDHIDHAM: Shop # 12, Shree Ambica Arcade, Plot # 300,Ward 12. Opp. CG High School, Near HDFC Bank,Gandhidham-370201,Gujarat.• gANDHINAgAR: 123, First Floor,Megh Malhar Complex,Opp. Vijay Petrol Pump, Sector - 11,Gandhinagar-382011,Gujarat. • gAYA: 54 Lal Kothi Compound, Shree Krishna Road, 2nd Floor, North Side, Near Royal Surya Hotel, Gaya-823001,Bihar.• gHAZIABAD: 1St Floor C-7, Lohia Nagar,Ghaziabad-201001,Uttar Pradesh.• gHAZIPUR: 2Nd Floor,Shubhra Hotel Complex,Mahaubagh,Ghazipur-233001,Uttar Pradesh.• gONDA: Shri Market,Sahabgunj,Station Road,Gonda-271001,Uttar Pradesh.• gORAKHPUR: Above V.I.P. House ajdacent,A.D. Girls College,Bank Road,Gorakpur -273001,Uttar Pradesh. • gULBARgA: Cts No 2913 1St Floor,Asian Towers, Jagath Station Main Road,Next To Adithya Hotel,Gulbarga-585105,Karnataka.• gUNTUR: D No 6 -10-27,Srinilayam,Arundelpet,10/1,Guntur -522002,Andhra Pradesh. • gURgAON: Shop No.18, Ground Floor,Sector - 14,Opp. Akd Tower,Near Huda Office,Gurgaon-122001,Haryana.• gUWAHATI: 1st Floor, Bajrangbali Building, Near Bora Service Station, GS Road, -,Guwahati -781007,Assam. • gWALIOR: 2nd Floor, Rajeev Plaza, Jayendra Ganj, Lashkar,-,Gwalior-474009,Madhya Pradesh. • HALDWANI: Above Ka-pilaz,Sweet House,Opp Lic Building ,Pilikothi, Kaladhungi Road,Haldwani -263139,Uttaranchal. • HARIDWAR: 7, Govindpuri, Opposite 1-india Mart, ,Above Raj Electricals,Ranipur More, Haridwar-249401,Uttaranchal.• HASSAN: SAS no-212,Ground Floor,Sampige Road 1st cross,Near Hotel Souther Star, K R Puram,Hassan -573201,Karnataka.• HISSAR: Sco 71, ,1st Floor, ,Red Square Market, ,Hissar -125001,Haryana. • HOSHIARPUR: 1St Floor, The Mall Tower ,Opp Kapila Hospital ,Sutheri Road ,Hoshiarpur-146001,Punjab.• HUBLI: CTC No.483/A1/A2,Ground Floor ,Shri Ram Palza ,Behind Kotak Mahindra Bank ,Club Road ,Hubli -580029,Karnataka. • HYDERABAD: KARVY HOUSE, No:46, 8-2-609/K,Avenue 4, Street No. 1,Banjara Hills,Hyderabad-500034,Telangana.• HYDERABAD(gACHIBOWLI): KARVY Selenium, Plot No: 31 & 32,Tower B, Survey No.115/22, 115/24, 115/25,Financial District, Gachibowli, Nanakramguda, Serilimgampally Mandal,Hyderabad-500032,Telangana.• INDORE: 2nd floor, 203 -205 Balaji Corporate House,Above ICICI bank, 19/1 New Palasia,NearCurewell Hospital, Jan-jeerwala Square Indore,Indore -452001,Madhya Pradesh. • JABALPUR: 3Rd floor ,R.R. Tower.5, Lajpatkunj,near Tayabali petrol pump ,Jabalpur -482001,Madhya Pradesh. • JAIPUR: S16/A IIIrd Floor,Land Mark Building Opp Jai Club,Mahaver Marg C Scheme,Jaipur-302001,Rajasthan. • JALANDHAR: 1st Floor,Shanti Towers ,SCO No. 37, PUDA Complex, ,Opposite Tehsil Complex,Jalandhar -144001,Punjab. • JALgAON: 269, Jaee Vishwa, 1 St Floor,Baliram Peth, Above United Bank Of India ,Near Kishor Agencies.,Jalgaon. -425001,Maharashthra. • JALPAIgURI: D B C Road Opp Nirala Hotel,Opp Nirala Hotel,Opp Nirala Hotel,Jalpaiguri -735101,West Bengal. • JAMMU: Gupta ’s Tower, 2nd Floor, CB -12,Rail Head complex, Jammu -180012,Jammu & Kashmir. • JAMNAgAR: 136 -137-138 Madhav Palaza,Opp Sbi Bank,Nr Lal Bunglow,Jamnagar -361001,Gujarat.• JAMSHEDPUR: 2Nd Floor, R R Square,Sb Shop Area, Near Reliance Foot Print & Hotel - Bs Park Plaza,Main Road, Bistupur,Jamshedpur -831001,Jharkhand. • JAUNPUR: R N Complex, 1 -1-9-G,In Front Of Pathak Honda,Ummarpur,Jaunpur -222002,Uttar Pradesh. • JHANSI: 371/01,Narayan Plaza,Gwalior Road,Near Jeevan Shah Chauraha,Jhansi -284001,Uttar Pradesh. • JODHPUR: 203, Modi Arcade,Chopasni Road , -,Jodhpur -342001,Rajasthan. • JUNAgADH: 124-125 Punit Shopping Center,M.G Road,Ranavav Chowk,Junagadh-362001,Gujarat.• KANNUR: 2 Nd Floor, Prabhath Complex,Fort Road,Nr.Icici Bank,Kannur -670001,Kerala. • KANPUR: 15/46, B, Ground Floor,Opp: Muir Mills,Civil Lines,Kanpur -208001,Uttar Pradesh. • KARAIKUDI: No. 2,Gopi Arcade,100 Feet Road, -,Karaikudi - 630001,Tamil Nadu. • KARIMNAgAR: D.No:2 -10-1298,2nd floor,Rathnam Arcade,Jyothi Nagar,Karimnagar -505001,Telangana. • KARNAL: 18/369,Char Chaman,Kunjpura Road,Behind Miglani Hospital,Karnal -132001,Haryana. • KARUR: No.6, old No.1304,Thiru-vi-ka Road, Near G.R.Kalyan Mahal, Karur-639001,Tamil Nadu.• KHARAgPUR: 180 Malancha Road, -,Beside Axis Bank Ltd, Kharagpur-721304,West Bengal.• KOLHAPUR: 605/1/4 E Ward, Shahupuri 2Nd Lane,Laxmi Niwas,Near Sultane Chambers,Kolhapur -416001,Maharashthra. • KOLKATA: Apeejay House ( Beside Park Hotel ),C Block,3rd Floor,15 Park Street, ,Kolkata -700016,West Bengal. • KOLLAM: Ground Floor,A Narayanan Shopping Complex,Kausthubhsree Block,Kadapakada,Kollam -691008,Kerala. • KORBA: 1st Floor, City Centre,97 IRCC,Transport Nagar, Korba -495677,Chatisgarh. • KOTA: Plot No. 259, 1st Floor, Near Lala Lajpat Rai Circle,Shopping Centre,Kota-324007,Rajasthan.• KOTTAYAM: 1St Floor Csiascension Square,Railway Station Road,Collectorate P O,Kottayam-686002,Kerala.• KURNOOL: Shop No.43, 1St Floor, S V Complex,Railway Station Road,Near Sbi Main Branch,Kurnool -518004,Andhra Pradesh. • LUCKNOW: Ist Floor,A. A. Complex,5 Park Road, Hazratganj, Thaper House,Lucknow-226001,Uttar Pradesh.• LUDHIANA: Sco - 136 ,1St Floor Above Airtel Showroom ,Feroze Gandhi Market ,Ludhiana-141001,Punjab.• MADURAI: Rakesh towers, 30-C, Ist floor, Bye pass Road, Opp Nagappa motors, Madurai-625010,Tamil Nadu.• MALAPPURAM: First Floor, Peekays Arcade,Down Hill, Malappuram -676505,Kerala. • MALDA: Sahis Tuli, Under Ward No.6, No.1 Govt Colony, English Bazar Municipality, Malda-732101,West Bengal.• MANgALORE: Mahendra Arcade Opp Court Road,Karangal Padi, -,Mangalore -575003,Karnataka. • MARgOA: 2Nd Floor ,Dalal Commercial Complex,Pajifond,Margao -403601,Goa. • MATHURA: Ambey Crown, 2nd Floor,In Front Of Bsa College,Gaushala Road, Mathura-281001,Uttar Pradesh.•MEERUT: 1St Floor,Medi Centreopp Icici Bank,Hapur Road Near Bachha Park,Meerut-250002,Uttar Pradesh.• MEHSANA: FF -21 Someshwar Shopping Mall, Modhera Char Rasta, Mehsana -384002,Gujarat. • MIRZAPUR: Abhay Mandir,Above HDFC Bank, Dankin Gunj,Mirzapur-231001,Uttar Pradesh.• MOgA: 1St Floor,Dutt Road,Mandir Wali Gali,Civil Lines, Barat Ghar ,Moga-142001,Punjab.• MORADABAD: Om Arcade,Parker Road,Above Syndicate Bank,Chowk Tari Khana,Moradabad-244001,Uttar Pradesh.• MORENA: Moti Palace,Near Ramjanki Mandir,Near Ramjanki Mandir,Morena -476001,Madhya Pradesh. • MUMBAI: 24/B, Raja Bahadur Compound,Ambalal Doshi Marg, Behind Bse Bldg,Fort -400001,Maharashthra. • MUZAFFARPUR: First Floor, Shukla Complex, Near ICICI Bank,Civil Court Branch, Company Bagh, Muzaffarpur -842001,Bihar. • MYSORE: L -350,Silver Tower, Ashoka Road,Opp.Clock Tower ,Mysore -570001,Karnataka. • NADIAD: 104/105,Near Paras Cinema,City Point Nadiad,Nadiad -387001,Gujarat. • NAgERKOIL: HNO 45, 1st Floor,East Car Street, Nagercoil-629001,Tamil Nadu.• NAgPUR: Plot No 2/1 House No 102/1,Mata Mandir Road,Mangaldeep Appartment Opp Khandelwal Jewelers, Dharampeth,Nagpur-440010,Maharashthra.• NAMAKKAL: 105/2, Arun Towers, Paramathi Road, -,Namakkal -637001,Tamil Nadu. • NANDED: Shop No.4 ,Santakripa Market, G G Road,Opp.Bank Of India, Nanded - 431601,Maharashthra. • NASIK: S -9, Second Floor,Suyojit Sankul,Sharanpur Road,Nasik -422002,Maharashthra. • NAVSARI: 103, 1ST FLOORE LANDMARK MALL,NEAR SAYAJI LIBRARY, Navsari Gujarat, Navsari -396445,Gujarat. • NELLORE: 16-2-158, 3rd floor, Mogarala Complex, Sunday Market Lane,Pogathota, Nellore-524001,Andhra Pradesh.• NEW DELHI: 305 New Delhi House ,27 Barakhamba Road, New Delhi -110001,New Delhi .• NIZAMABAD: H No:5-6-430,Above Bank Of Baroda First Floor,Beside Hdfc Bank,Hyderabad Road,Nizamabad-503003,Telangana.• NOIDA: 405,4th Floor,Vishal Chamber,Plot No.1,Sector-18, Noida-201301,Uttar Pradesh.• PALgHAT: No: 20 & 21 ,Metro Complex H.P.O.Road Palakkad,H.P.O.Road,Palakkad -678001,Kerala. • PANIPAT: JAVA Complex, 1st Floor, Above Vijaya Bank, G T Road, Panipat -132103,Haryana. • PANJIM: Flat No.1-A, H. No. 13/70, Timotio Bldg,Heliodoro Salgado Road, Next to Navhind Bhavan (Market Area),Panjim-403001,Goa.• PATHANKOT: 2nd Floor, Sahni Arcade Complex,Adj.Indra colony Gate Railway Road,Pathankot,Pathankot-145001,Punjab.• PATIALA: Sco 27 D, Chotti Baradari ,Near Car Bazaar, Patiala-147001,Punjab.• PATNA: 3A, 3Rd Floor Anand Tower,Exhibition Road,Opp Icici Bank,Patna-800001,Bihar.• POLLACHI: 146/4,Ramanathan Building ,1st Floor New Scheme Road, Pollachi-642002,Tamil Nadu.• PONDICHERRY: Building No:7, 1st Floor, Thiayagaraja Street, ,-,Pondicherry-605001,Pondicherry .• PUDUKOTTAI: Sundaram Masilamani Towers, Ts No. 5476 - 5479, Pm Road, Old Tirumayam Salai,Near Anna Statue, Jublie Arts, Pudukottai-622001,Tamil Nadu.• PUNE: Mozaic Bldg, CTS No.1216/1, Final,Plot No.576/1 TP, Scheme No.1, ,F C Road, Bhamburda, ,Shivaji Nagar, Pune -411004,Maharashthra. • RAIPUR: Office No S -13, Second Floor, Reheja Tower,Fafadih Chowk,Jail Road,Raipur -492001,Chatisgarh. • RAJAHMUNDRY: D.No.6-1-4,Rangachary Street, T.Nagar, Near Axis Bank Street,Rajahmundry-533101,Andhra Pradesh.• RAJAPALAYAM: Sri Ganapathy Complex, 14B/5/18, T P Mills Road, Virudhungar Dist,Rajapalayam -626117,Tamil Nadu. • RAJKOT: 302, Metro Plaza, ,Near Moti Tanki Chowk,Rajkot,Rajkot, Gujarat, -360001,Gujarat. • RANCHI: Room No 307 3Rd Floor ,Commerce Tower ,Beside Mahabir Tower ,Ranchi -834001,Jharkhand. • RATLAM: 1 Nagpal Bhawan, Free Ganj Road ,Do Batti ,Near Nokia Care ,Ratlam-457001,Madhya Pradesh.• RENUKOOT: Radhika Bhavan ,Opp. Padmini Hotel,Murdhwa,Renukoot ,Renukoot -231217,Uttar Pradesh. • REWA: Ist Floor, Angoori Building,Besides Allahabad Bank,Trans University Road, Civil Lines,Rewa -485001,Madhya Pradesh. • ROHTAK: 1st Floor, Ashoka Plaza, ,Delhi Road, ,Rohtak-124001,Haryana.• ROORKEE: Shree Ashadeep Complex, 16,Civil Lines,Near Income Tax Office,Roorkee -247667,Uttaranchal. • ROURKELA: 1St Floor Sandhu Complex, Kachery Road, Uditnagar, -,Rourekla -769012,Orissa. • SAgAR: II floor ,Above shiva kanch mandir.,5 civil lines, Sagar,Sagar-470002,Madhya Pradesh.• SAHARANPUR: 18 Mission Market,Court Road, -,Saharanpur -247001,Uttar Pradesh. • SALEM: NO

3/250 ,Brindavan Road,6th Cross,Perumal kovil back side, Fairland ’s,Salem -636016,Tamil Nadu. • SAMBALPUR: Koshal Builder Complex, Near Goal Bazaar Petrol pump, Sambalpur-768001,Orissa.• SATNA: 1St Floor, Gopal Complex, Near Bus Stand,Rewa Road, Satna-

485001,Madhya Pradesh.•SECUNDERABAD: Crystal Plaza 2nd Floor, Manday Lane, Near Sunshine Hospital, P G Road, Secunderabad-500 003,Telangana.• SHAKTINAgAR: 1St/A -375, V V Colony, Dist Sonebhadra,Shaktinagar -231222,Uttar Pradesh. • SHILLONg: Annex Mani

Bhawan ,Lower Thana Road ,Near R K M Lp School, Shillong-793001,Meghalaya.• SHIMLA: Triveni Building, By Pas Chowkkhallini, Shimla -171002,Himachal Pradesh. • SHIMOgA: Sri Matra Naika Complex,1St Floor, Above Shimoga Diagnostic Centre, Llr Road, Durgigudi,

Shimoga -577201,Karnataka. • SHIVPURI: 1St Floor,M.P.R.P. Building, Near Bank Of India,Shivpuri -473551,Madhya Pradesh. • SIKAR: First Floor,Super Tower, Behind Ram Mandir Near Taparya Bagichi, Sikar -332001, Rajasthan. • SILCHAR: N.N. Dutta Road, Chowchakra Com-

plex,Premtala,Silchar -788001,Assam. • SILIgURI: Nanak Complex,Sevoke Road,-,Siliguri-734001,West Bengal.• SITAPUR: 12/12-A Sura Complex,Arya Nagar Opp,Mal Godam,Sitapur-261001,Uttar Pradesh.• SIVAKASI: 363,Thiruthangal Road,Opp: TNEB,Sivakasi -626123,Tamil

Nadu.• SOLAN: Sahni Bhawan,Adjacent Anand Cinema Complex,The Mall,Solan- 173212,Himachal Pradesh.• SOLAPUR: Block No 06,Vaman Nagar, Opp D-Mart,Jule Solapur,Solapur-413004,Maharashthra.• SONEPAT: 205 R Model Town,Above Central Bank Of India, -,Sonepat -

131001,Haryana. • SRI gANgANAgAR: 35E Block,Opp: Sheetla Mata Vaateka Sri Ganganagar,- ,Sri Ganganagar-335001,Rajasthan.• SRIKAKULAM: D No 4 -4-97, First Floor, Behind Sri Vijayaganapathi Temple, Pedda relli veedhi, ,Palakonda Road, Srikakulam -532001,Andhra

Pradesh. • SULTANPUR: 1077/3, Civil Lines Opp Bus Stand ,Civil Lines, -,Sultanpur -228001,Uttar Pradesh. • SURAT: Office no: -516, 5th Floor, Empire State building, ,Near Udhna Darwaja,Ring Road,Surat-395002,Gujarat.• T NAgAR: G1, Ground Floor, No 22, Vijayaraghava

Road,Swathi Court, T Nagar,Chennai-600 017,Tamilnadu.• THANE: Flat No. 201, 2Nd Floor, ”Matru Chhaya ” Bldg., Above Rejewel Jewellery Showroom,Opp. Bedekar Hospital, Near Gaodevi Ground,Mumbai -400 602,Maharashtra. • THANJAVUR: No. 70, Nalliah Com-

plex,Srinivasam Pillai Road, -,Tanjore -613001,Tamil Nadu. • THODUPUZHA: First Floor, Pulimoottil Pioneer,Pala Road,-,Thodupuzha-685584,Kerala.• TIRUNELVELI: 55/18, Jeney Building,S N Road,Near Aravind Eye Hospital,Tirunelveli-627001,Tamil Nadu.• TIRUPATHI: H.No:10-

13-425,1st Floor, Tilak Road, ,Opp: Sridevi Complex, Tirupathi -517501,Andhra Pradesh. • TIRUPUR: First floor, 244 A, Above Selvakumar Dept stores,Palladam Road,Opp to Cotton market complex,Tirupur-641604,Tamil Nadu.• TIRUVALLA: 2Nd Floor,Erinjery Com-

plex,Ramanchira,Opp Axis Bank,Thiruvalla -689107,Kerala. • TRICHUR: 2Nd Floor, Brothers Complex, Naikkanal Junction, Shornur Road, Near Dhanalakshmi Bank H O,Thrissur -680001,Kerala. • TRICHY: 60, Sri Krishna Arcade,Thennur High Road, Trichy -620017, Tamil Nadu. •

TRIVANDRUM: 2Nd Floor, Akshaya Tower,Sasthamangalam,Trivandrum-695010,Kerala.• TUTICORIN: 4 - B, A34 - A37, Mangalmal Mani Nagar, Opp. Rajaji Park, Palayamkottai Road, Tuticorin -628003,Tamil Nadu. • UDAIPUR: 201-202,Madhav Chambers,Opp G P O, Chetak

Circle ,Udaipur-313001,Rajasthan.• UJJAIN: 101 Aashta Tower,13/1 Dhanwantri Marg,Freeganj,Ujjain-456010,Madhya Pradesh.• VALSAD: Shop No 2, Phiroza Corner,Opp Next Show Room,Tithal Road,Valsad -396001,Gujarat. • VAPI: Shop No -12, Ground Floor,Sheetal Appat-

ment,Near K P Tower,Vapi -396195,Gujarat. • VARANASI: D -64/1321St Floor,Anant Complex,Sigra,Varanashi-221010,Uttar Pradesh. • VASHI: Shop no. 153 B, Ground Floor,Vashi Plaza,Sector -17,Near Apna Bazar, Vashi, Mumbai -400 705,Maharashtra. • VELLORE: No. 6, NEXUS

Towers, ,2nd Floor, Officer ’s Line, Above Peter England & Bata Showroom opp. To Voorhees School,Vellore -632001,Tamil Nadu. • VIJAYANAgARAM: Soubhagya, 19 -6-1/3,2Nd Floor, Near Fort Branch,Opp: Three Temples,Vizianagaram - 535002,Andhra Pradesh. • VIJAYAWADA:

39-10-7,Opp: Municipal Water Tank,Labbipet,Vijayawada -520010,Andhra Pradesh. • VILE PARLE: 104, Sangam Arcade, V P Road,Opp: Railway Station ,Above Axis Bank Atm,Vile Parle (west), Mumbai-400 056,Maharashtra.• VISAKHAPATNAM: Door No: 48-8-7,Dwaraka

Diamond, Ground Floor,Srinagar,Visakhapatnam-530016,Andhra Pradesh.• WARANgAL: H.No. 1-8-533, Beside: Suprabha Hotel, Nakkalagutta, Ward No.1, Hanamkonda,Warangal-506001,Telangana.• YAMUNA NAgAR: Jagdhari Road,Above Uco Bank,Near D.A.V. Girls

College,Yamuna Nagar-135001,Haryana.

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From CIO Desk 2 From CIO Desk Market Review for the month of April 2020 Domestic Markets To counter the oronavirus induced slowdown and bolster the economic growth, RI reduced re-verse