July, 2019The month of July saw Sensex & Nifty 50 posting negative returns, down 4.86% & 5.69% respectively. In line with the broad indices performance, S&P BSE Midcap index was down

July, 2 901

Notes

... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

From CIO’s Desk

Source : Reuters,Bloomberg, RBI & Internal. Date : 06/08/2019. For statutory details please refer to page nos. 15 & 16

Mr. Saravana Kumar

Market Review for the month of July 2019

Domestic Markets

The month of July saw Sensex & Nifty 50 posting negative returns, down 4.86% & 5.69% respectively. In line with the broad indices performance, S&P BSE Midcap index was down by 7.87% while S&P BSE Small Cap index was also down by 10.87%. Among the BSE sectorial indices, consumer durables & auto saw a severe decline.

In the Union budget, the government revised its fiscal deficit target downwards to 3.3% of GDP for FY20 from 3.4% of GDP set in the interim budget. It has retained its market borrowing numbers for FY20 at Rs 710,000 Cr while the net borrowing is budgeted at Rs 473,122 Cr. The government also announced its plan to issue sovereign bond overseas. The system liquidity improved significantly in the month of June. The average liquidity surplus for the month of July was about INR 1285 bn as against INR 490 bn deficit in the month of June. One year CD rate closed the month at 6.88% as

against 7.18% in the previous month. The 10 year G-Sec benchmark closed the month at 6.37% as compared to 6.88%. 10 year AAA PSU closed at 7.59% as compared to 7.92%. INR appreciated against USD during the month and closed the month at 68.80 as compared to 69.03. The Brent crude oil prices closed the month at $65.17 per barrel as compared to $66.55 per barrel in the previous month.

Domestic macro data

CPI inflation for the month of June came at an 8-month high of 3.18% compared to the May estimate of 3.05% as a result of seasonal rise in food prices. However, core inflation eased to 4.04% compared to 4.21% in the previous month. Wholesale Price Inflation (WPI) came in at 2.02% for June-19, its lowest level since July-17, due to lower rise in prices of Fuel and Power constituents and favorable base effect. IIP index in May slowed to 3.1% as against revised estimate of April at 4.3%. India’s trade deficit narrowed slightly to USD 15.27 Bn in June compared to USD 15.36 Bn in May. Fiscal deficit for Apr-June 2019 period came at Rs 4.32 Lac Cr (61.4% of BE FY20). Total revenues stood at Rs 2.89 Lac Cr (10.4% of RE), while fiscal spending stood at Rs 7.22 Lac Cr (25.9% of BE).

Outlook

In line with expectations, the Federal open market committee (FOMC) delivered a 25 bps rate cut. However, a remark by US Fed Chairman that the cut was a “mid-cycle adjustment” spooked the market, which interpreted it as no more cuts in the near future. The US-China trade war has escalated recently leading to global risk aversion. Domestic growth has continued to show sign of weakness with sectors like Auto and real estate in deep stress. The pace of monsoon has peaked up recently and oil prices seems to be stabilizing on account of global growth outlook which will give MPC comfort to address domestic growth by reducing repo rate by 25 bps in the upcoming policy. Markets will be keenly waiting for the System Liquidity framework and the Bimal Jalan committee report on RBI’s Economic capital framework (ECF).

From the equity market perspective, NBFC crisis is finally trickling down to almost all the sectors where earlier the issue was availability of capital, which is now converting into demand slowdown. Automobile sale in the month of July 2019 has seen one of the biggest declines of last 18 years. Almost all FMCG companies are mentioning that the rural stress is finally taking its toll on the consumption due to consistently low food inflation and bad monsoon. We are coming at the last leg of Q1FY20 results and the picture is not pretty so far. Below average monsoon is making things worse. Resolution of NPA cases in NCLT continues to be tepid and we believe in a slow moving economy, the resolutions will be far and few. Bimal Jalan committee report is awaited eagerly regarding the quantum and timeframe of transfer of RBI surplus funds to Government of India. Considering the larger slowdown, fiscal and monetary measures are being called by the experts. This also gains significance considering the fact that worldwide central governments and central banks are using all possible tools to prop up the economies. Diversion from fiscal path has its implications.

Despite all the negatives outlined above, equity markets continue to trade above their long term averages because flows to the money management industry still are positive. We believe it is in the interest of the small investor to stick to systematic investment plans (SIPs).

4

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: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: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: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.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.

Tax on Dividend Distribution Nature Individual/HUF Domestic Companies

Liquid Funds 29.12% 34.944% Debt Funds 29.12% 34.944% Equity Funds 11.648% 11.648%

Macaulay DurationThe 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

t=1∑ t * C

(1+y)t

n * M

(1+y)n

Current Bond PriceMacaulay Duration =

+

Where:

t = respective time period

C = periodic coupon payment

y = periodic yield

n = total number of periods

M = maturity valueCurrent Bond Price = Present value of cash flows

Example Calculation

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 FlowYear 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 FactorYear 1 Year 2 Year 3 Year 4 Year 5 Year 60.9434 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 ValueYear 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 Classificaiton

A. Equity Schemes :1 Essel Multi Cap Fund Multi Cap Fund2 Essel Large Cap Equity Fund Large Cap Fund3 Essel Large & Midcap Fund Large and Mid Cap Fund4 Essel Long Term Advantage Fund ELSS

B. Debt Schemes :5 Essel Liquid Fund Liquid Fund6 Essel Ultra Short Term Fund Ultra Short Duration Fund

C. Hybrid Schemes :7 Essel Regular Savings Fund Conservative Hybrid Fund8 Essel Equity Hybrid Fund Aggressive Hybrid Fund9 Essel 3 in 1 Fund Multi Asset Allocation10 Essel Arbitrage Fund Arbitrage Fund

5

Portfolio as on July 31, 2019

Portfolio Holdings Sector % of Net Assets

EQUITY & EQUITY RELATED 96.26%HDFC BANK LTD BANKS 8.93%KOTAK MAHINDRA BANK LTD BANKS 6.67%INFOSYS LTD SOFTWARE 5.96%ICICI BANK LTD BANKS 5.91%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 4.27%AXIS BANK LTD BANKS 3.98%ITC LTD CONSUMER NON DURABLES 3.06%INDUSIND BANK LTD BANKS 2.98%HDFC LIFE INSURANCE COMPANY LTD FINANCE 2.96%SUNDARAM FASTENERS LTD AUTO ANCILLARIES 2.49%BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 2.45%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 2.40%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 2.37%THE FEDERAL BANK LTD BANKS 2.10%CITY UNION BANK LTD BANKS 1.98%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 1.84%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 1.82%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 1.74%HCL TECHNOLOGIES LTD SOFTWARE 1.68%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 1.57%APEX FROZEN FOODS LTD CONSUMER NON DURABLES 1.37%SUNDARAM FINANCE LTD FINANCE 1.37%JYOTHY LABORATORIES LTD CONSUMER NON DURABLES 1.32%SIEMENS LTD INDUSTRIAL CAPITAL GOODS 1.30%PETRONET LNG LTD GAS 1.28%BAJAJ FINSERV LTD FINANCE 1.28%NESTLE INDIA LTD CONSUMER NON DURABLES 1.26%CAN FIN HOMES LTD FINANCE 1.26%MAHINDRA & MAHINDRA LTD AUTO 1.25%PI INDUSTRIES LTD PESTICIDES 1.19%THERMAX LTD INDUSTRIAL CAPITAL GOODS 1.16%MAHANAGAR GAS LTD GAS 1.15%GARWARE TECHNICAL FIBRES LTD TEXTILE PRODUCTS 1.14%CYIENT LTD SOFTWARE 1.12%SAREGAMA INDIA LTD MEDIA & ENTERTAINMENT 1.10%EQUITAS HOLDINGS LTD FINANCE 1.09%NIIT LTD SOFTWARE 1.08%RATNAMANI METALS & TUBES LTD FERROUS METALS 1.04%MUTHOOT CAPITAL SERVICES LTD FINANCE 0.98%MARUTI SUZUKI INDIA LTD AUTO 0.97%INDIAN HOTELS COMPANY LTD HOTELS 0.93%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 0.81%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.75%SWARAJ ENGINES LTD INDUSTRIAL PRODUCTS 0.70%BAJAJ CONSUMER CARE LTD CONSUMER NON DURABLES 0.59%ECLERX SERVICES LTD SOFTWARE 0.56%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.54%ASTEC LIFESCIENCES LTD PESTICIDES 0.51%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

3.74%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation 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 Date30th December, 2015

Fund Size` 57.81 Crs (Monthly AAUM for July, 2019)

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

Scheme FeaturesExit Load : NILMinimum Amount: ` 500/- and in multiples of ` 500/- thereafterBenchmark : S&P BSE 100 Index*

Fund ManagerMr. Manav Vijay (Total experience 12 years) managing this fund w.e.f. 17th May - 2019

Net Asset Value (NAV) as on July 31, 2019 (in Rs) (Last Business Day Of The Month)Plan / Option Regular Plan Direct Plan

GROWTH 13.5890 14.4260

DIVIDEND 13.5900 14.2836

Performance as on July 31, 2019 (Last Business Day Of The Month)

Period ESSEL LONg TERM ADVANTAgE FUND

S&P BSE 100* @

NIFTY 50* @@

1 year returns % -5.68% 0.00% -0.85%3 year CAGR % 6.53% 10.43% 10.17%Since Inception CAGR % 8.93% 11.93% 11.52%Current Value of investment if ` 10000/- was invested on Inception date (in `) 13589.00 14981.53 14786.91

Current Value of investment if ` 10000/- was invested prior 1 year (in `) 9431.50 10000.00 9915.11


* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark For performance of other scheme managed by Mr. Manav Vijay please refer to page nos. 7 & 9.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns 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.

SIP ReturnsSIP Tenure (in years) 1 3

Investment Amount 10000.00 10000.00

Start Date 01-Aug-2018 01-Aug-2016

End Date 31-Jul-2019 31-Jul-2019

Total no of Installments 12 36

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

Present value (Rs) 1,16,076.92 3,70,925.91

Total No Units 8,541.98 27,296.04

CAGR (%) -6.45 2.02

XIRR(%) -6.03 1.95

Yield (%) -3.27 3.03

SIP date every 1st business day of the monthPast performance may or may not be sustained in the future. Assuming ` 10,000 invested systematicallyon the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. 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.

As on July 31, 2019

TER - Reg (%)# 2.55TER - Direct (%)# 0.65Portfolio Turnover Ratio (Times) 1.11

# - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.15

For statutory details please refer to page no. 15 & 16

Asset Allocation

Market Capitalisation (%)

Small Cap Mid Cap Large Cap

17.78%

18.06%

60.44%

Industry Allocation - Equity (%)

ESSEL LONg TERM ADVANTAgE FUND

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

6

ESSEL MULTI CAP FUND

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


Portfolio as on July 31, 2019Portfolio Holdings Sector % of Net

AssetsEQUITY & EQUITY RELATED 95.92%HDFC BANK LTD BANKS 9.34%ICICI BANK LTD BANKS 7.68%KOTAK MAHINDRA BANK LTD BANKS 6.81%INFOSYS LTD SOFTWARE 5.04%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 4.24%INDUSIND BANK LTD BANKS 4.16%BAJAJ FINANCE LTD FINANCE 3.72%AXIS BANK LTD BANKS 3.67%STATE BANK OF INDIA BANKS 3.41%BRITANNIA INDUSTRIES LTD CONSUMER NON

DURABLES2.88%

HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 2.83%SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 2.06%HDFC LIFE INSURANCE COMPANY LTD FINANCE 2.03%SBI LIFE INSURANCE COMPANY LTD FINANCE 1.82%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 1.76%MAHINDRA & MAHINDRA LTD AUTO 1.63%BIRLA CORPORATION LTD CEMENT 1.61%CYIENT LTD SOFTWARE 1.48%ULTRATECH CEMENT LTD CEMENT 1.39%ITC LTD CONSUMER NON

DURABLES1.37%

GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES

1.36%

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

1.35%

ABBOTT INDIA LTD PHARMACEUTICALS 1.33%CITY UNION BANK LTD BANKS 1.33%BHARTI AIRTEL LTD TELECOM - SERVICES 1.29%THERMAX LTD INDUSTRIAL CAPITAL

GOODS1.26%

CHOLAMANDALAM INVESTMENT AND FINANCE CO. LTD FINANCE 1.25%LAURUS LABS LTD PHARMACEUTICALS 1.01%CREDITACCESS GRAMEEN LTD FINANCE 1.01%TATA CONSULTANCY SERVICES LTD SOFTWARE 1.01%HERO MOTOCORP LTD AUTO 0.97%RATNAMANI METALS & TUBES LTD FERROUS METALS 0.92%MARUTI SUZUKI INDIA LTD AUTO 0.88%ASTRAL POLY TECHNIK LTD INDUSTRIAL PRODUCTS 0.85%CESC LTD POWER 0.85%GE POWER INDIA LTD INDUSTRIAL CAPITAL

GOODS0.84%

CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.83%ICICI LOMBARD GENERAL INSURANCE COMPANY LTD FINANCE 0.83%BANK OF BARODA BANKS 0.81%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 0.77%AUROBINDO PHARMA LTD PHARMACEUTICALS 0.77%H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.74%LUPIN LTD PHARMACEUTICALS 0.70%CADILA HEALTHCARE LTD PHARMACEUTICALS 0.67%BALKRISHNA INDUSTRIES LTD AUTO ANCILLARIES 0.64%ASIAN PAINTS LTD CONSUMER NON

DURABLES0.54%

NESTLE INDIA LTD CONSUMER NON DURABLES

0.53%

CENTRAL DEPOSITORY SERVICES (INDIA) LTD FINANCE 0.47%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 0.41%DIXON TECHNOLOGIES (INDIA) LTD CONSUMER DURABLES 0.40%L&T TECHNOLOGY SERVICES LTD SOFTWARE 0.37%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

4.08%

Total 100.00%

Key Scheme InformationInvestment ObjectiveTo 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 Date9th July, 2018


Asset Allocation PatternEquity & 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 FeaturesExit Load : Upto 15% of units redeemed within365 days of allotment-NILMore than 15% of units redeemed within 365days of allotment-1%Units redeemed after 365 days from date ofallotment-NIL(w.e.f. July 10, 2018)Minimum Amount: ` 1,000/- and in multiples of` 1/- thereafterBenchmark : NIFTY 500 TRI Index.

Fund ManagerMr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 17th May -2019Mr. Suraj Makhija (Total Experience 10 years) managing this fund w.e.f. 17th May -2019For performance of other scheme managed by Mr. Saravana Kumar please refer to page no. 9.For performance of other scheme managed by Mr. Suraj Makhija please refer to page no. 8, 10 & 11.


Period ESSEL MULTICAP FUND

NIFTY 500 TRI*@

NIFTY 50* @@

1 year CAGR % -1.41% -5.15% -0.85%Since Inception CAGR % 1.76% -1.10% 3.71%Current Value of investment if ` 10000/- was invested on Inception date (in `) 10186.40 9883.82 10393.43


* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional Benchmark Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns 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.

SIP ReturnsSIP Tenure (in years) 1Investment Amount 10000.00Start Date 01-Aug-2018End Date 31-Jul-2019Total no of Installments 12Total Amount Invested (Rs) 1,20,000.00

Present value (Rs) 1,19,588.15Total No Units 11,739.98CAGR (%) -0.69XIRR(%) -0.64Yield (%) -0.34


As on July 31, 2019




Growth 10.1864 10.4375 Normal Dividend 10.1875 10.3853 Monthly Dividend 10.1868 10.3854 Quarterly Dividend 10.1869 10.3891 Half Yearly Dividend 10.1876 10.3855 Annual Dividend 10.1871 10.3855

Asset Allocation


9.32%

10.40%

76.18%

Industry Allocation - Equity(%)

7



EQUITY & EQUITY RELATED 97.47%HDFC BANK LTD BANKS 5.97%ICICI BANK LTD BANKS 4.32%KOTAK MAHINDRA BANK LTD BANKS 4.32%INFOSYS LTD SOFTWARE 4.00%CITY UNION BANK LTD BANKS 3.50%THE FEDERAL BANK LTD BANKS 3.37%INDUSIND BANK LTD BANKS 3.32%HDFC LIFE INSURANCE COMPANY LTD FINANCE 3.19%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 2.98%SUNDARAM FASTENERS LTD AUTO ANCILLARIES 2.82%ITC LTD CONSUMER NON DURABLES 2.82%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 2.72%AXIS BANK LTD BANKS 2.56%MAX FINANCIAL SERVICES LTD FINANCE 2.52%SUNDARAM FINANCE LTD FINANCE 2.44%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 2.39%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 2.21%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 2.16%THE RAMCO CEMENTS LTD CEMENT 1.96%V-GUARD INDUSTRIES LTD INDUSTRIAL CAPITAL GOODS 1.94%HCL TECHNOLOGIES LTD SOFTWARE 1.87%PETRONET LNG LTD GAS 1.76%GODREJ AGROVET LTD CONSUMER NON DURABLES 1.75%MAHINDRA & MAHINDRA LTD AUTO 1.69%NESTLE INDIA LTD CONSUMER NON DURABLES 1.63%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 1.61%BAJAJ CONSUMER CARE LTD CONSUMER NON DURABLES 1.59%GARWARE TECHNICAL FIBRES LTD TEXTILE PRODUCTS 1.52%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 1.50%EQUITAS HOLDINGS LTD FINANCE 1.50%RATNAMANI METALS & TUBES LTD FERROUS METALS 1.44%THERMAX LTD INDUSTRIAL CAPITAL GOODS 1.44%JYOTHY LABORATORIES LTD CONSUMER NON DURABLES 1.36%ASTRAL POLY TECHNIK LTD INDUSTRIAL PRODUCTS 1.35%APEX FROZEN FOODS LTD CONSUMER NON DURABLES 1.32%PI INDUSTRIES LTD PESTICIDES 1.29%KARUR VYSYA BANK LTD, BANKS 1.28%SOLAR INDUSTRIES INDIA LTD CHEMICALS 1.23%MAHANAGAR GAS LTD GAS 1.13%SAREGAMA INDIA LTD MEDIA & ENTERTAINMENT 1.11%APCOTEX INDUSTRIES LTD INDUSTRIAL PRODUCTS 1.03%NESCO LTD COMMERCIAL SERVICES 0.98%CAN FIN HOMES LTD FINANCE 0.98%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 0.92%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 0.83%MUTHOOT CAPITAL SERVICES LTD FINANCE 0.80%BAJAJ FINSERV LTD FINANCE 0.78%ECLERX SERVICES LTD SOFTWARE 0.27%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

2.53%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe 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 Date7th December, 2015


Asset Allocation PatternEquity 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 FeaturesExit Load : Upto 15% of units redeemed within 365 days of allotment-NILMore than 15% of units redeemed within 365 days of allotment-1%Units redeemed after 365 days from date of allotment-NILMinimum Amount: ` 1,000/- and in multiples of ` 1/- thereafterBenchmark : S&P BSE 200 Index*

Fund ManagerMr. Manav Vijay : (Total experience 12 years) managing this fund w.e.f. 7th March' 2019.


GROWTH 14.6154 15.5780 NORMAL DIVIDEND 14.6120 15.4158 HALF YEARLY DIVIDEND - 15.2799 ANNUAL DIVIDEND 15.0285 15.3594


Period Essel Large & Midcap Fund

S&P BSE 200*@

NIFTY 50* @@

1 year returns % -3.59% 0.00% -0.85%3 year CAGR % 7.92% 10.58% 10.17%Since Inception CAGR % 10.96% 12.29% 11.83%Current Value of investment if ` 10000/- was invested on Inception date (in `) 14615.40 15263.03 15036.07



* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @ - Benchmark @@ - Additional BenchmarkFor performance of other scheme managed by Mr. Manav Vijay please refer to page no. 5 & 9.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns 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.

SIP ReturnsSIP Tenure (in years) 1 3Investment Amount 10,000.00 10,000.00Start Date 01-Aug-2018 01-Aug-2016End Date 31-Jul-2019 31-Jul-2019Total no of Installments 12 36Total Amount Invested (Rs) 1,20,000.00 3,60,000.00Present value (Rs) 1,18,695.58 3,75,903.41Total No Units 8,121.27 25,719.68CAGR (%) -2.17 2.93XIRR(%) -2.02 2.83Yield (%) -1.09 4.42


As on July 31, 2019TER - Reg (%)! 2.60TER - Direct (%)! 0.68Portfolio Turnover Ratio (Times) 1.00

! - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.15

Asset Allocation

Market Capitalisation (%)


18.31%

34.84%

44.33%


ESSEL LARgE & MIDCAP FUND

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


8



EQUITY & EQUITY RELATED 97.51%HDFC BANK LTD BANKS 9.14%ICICI BANK LTD BANKS 8.23%INFOSYS LTD SOFTWARE 6.76%KOTAK MAHINDRA BANK LTD BANKS 5.67%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 5.42%AXIS BANK LTD BANKS 4.33%ITC LTD CONSUMER NON DURABLES 4.18%STATE BANK OF INDIA BANKS 4.10%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 3.08%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 2.77%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 2.56%INDUSIND BANK LTD BANKS 2.35%TATA CONSULTANCY SERVICES LTD SOFTWARE 2.11%MAHINDRA & MAHINDRA LTD AUTO 2.10%HCL TECHNOLOGIES LTD SOFTWARE 1.98%BAJAJ FINSERV LTD FINANCE 1.98%HDFC LIFE INSURANCE COMPANY LTD FINANCE 1.93%MARUTI SUZUKI INDIA LTD AUTO 1.92%BHARTI AIRTEL LTD TELECOM - SERVICES 1.87%BIRLA CORPORATION LTD CEMENT 1.55%BHARAT FORGE LTD INDUSTRIAL PRODUCTS 1.34%ASIAN PAINTS LTD CONSUMER NON DURABLES 1.32%THERMAX LTD INDUSTRIAL CAPITAL GOODS 1.31%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 1.29%GAIL (INDIA) LTD GAS 1.28%TATA MOTORS LTD AUTO 1.21%SUNDARAM FINANCE LTD FINANCE 1.12%TORRENT PHARAMACEUTICALS LTD PHARMACEUTICALS 1.12%BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 1.09%MINDTREE LTD SOFTWARE 1.07%INDIAN OIL CORPORATION LTD PETROLEUM PRODUCTS 1.05%HERO MOTOCORP LTD AUTO 1.02%LAURUS LABS LTD PHARMACEUTICALS 1.01%SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 1.00%H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.99%MAHANAGAR GAS LTD GAS 0.98%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 0.98%DIVIS LABORATORIES LTD PHARMACEUTICALS 0.98%APEX FROZEN FOODS LTD CONSUMER NON DURABLES 0.86%BAJAJ FINANCE LTD FINANCE 0.79%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.70%ECLERX SERVICES LTD SOFTWARE 0.56%VOLTAS LTD CONSTRUCTION PROJECT 0.41%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

2.49%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe 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 securities 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 Date28th September, 2011


Asset Allocation PatternEquity & 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 FeaturesExit Load : Upto 15% of units redeemed within 365 days of allotment-NILMore than 15% of units redeemed within 365 days of allotment-1%Units redeemed after 365 days from date of allotment-NILMinimum 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

Dividend History

Scheme / Plan Record DateNet Dividend (` Per Unit) Cum

Dividend Nav (In `)

Individual/HUF Corporate

Normal Plan 20-Dec-17 3.5000 3.5000 17.9685Direct Normal Plan 20-Dec-17 4.0000 4.0000 19.0847Normal Plan 16-Nov-15 2.5000 2.5000 15.1693Direct Normal Plan 16-Nov-15 2.5000 2.5000 15.6576Dividend History (Quarterly)Regular Plan - Quarterly 22-Mar-18 0.3000 0.3000 15.2320Direct Plan - Quarterly 22-Mar-18 0.4000 0.4000 15.0944Regular Plan - Quarterly 02-Nov-17 0.3000 0.3000 16.4804Direct Plan - Quarterly 02-Nov-17 0.4000 0.4000 16.3820Regular Plan - Quarterly 02-May-17 0.3000 0.3000 15.5222Direct Plan - Quarterly 02-May-17 0.4000 0.4000 15.4569


Asset Allocation Market Capitalisation (%)


5.67%

7.51%

84.34%



Growth 22.3203 24.3415 Normal Dividend 14.0600 15.0047 Quarterly Dividend 15.5924 15.6714 Half Yearly Dividend 14.3635 16.5684 Yearly Dividend 15.3476 17.0428

ESSEL LARgE CAP EQUITY FUND

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


Period Essel Large Cap Equity Fund

Nifty 50*@@

Nifty 50*@@@

1 year returns % -4.00% -0.85% -0.85%3 year CAGR % 6.65% 10.17% 10.17%5 year CAGR % 9.16% 8.91% 8.91%Since Inception CAGR % 10.78% 12.27% 12.27%Current Value of investment if ` 10000/- was invested on Inception date (in `)

22320.30 24789.43 24789.43

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

9600.25 9915.11 9915.11


12135.41 13378.99 13378.99


15502.15 15324.37 15324.37

* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @@ - Benchmark @@@ - Additional BenchmarkFor performance of other schemes managed by Mr. Suraj Makhija please refer to page nos. 6, 10 & 11.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns 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.

SIP ReturnsSIP Tenure 3 5Investment Amount 10000.00 10000.00Start Date 01-Aug-2016 01-Aug-2014End Date 31-Jul-2019 31-Jul-2019Total No. Of Instalments 36 60Total Amount Invested 3,60,000.00 6,00,000.00Present Value 3,78,852.78 7,10,374.78Total No. Of Units 16,973.46 31,826.40CAGR 3.46 6.99XIRR 3.35 6.70Yield 5.24 18.40

SIP date every 1st business day of the monthPast performance may or may not be sustained in the future. Assuming Rs10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. 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.

Risk Measures July, 2019Standard Deviation^(%) 3.71Benchmark Standard Deviation^ (%) 0.91Sharpe Ratio~ 0.03Beta 0.88TER - Reg (%)# 2.60TER - Direct (%)# 0.70Portfolio Turnover Ratio (Times) 1.32

# - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.15^Statistical returns based on monthly returns over the past 3 year data as on July 31, 2019.~ 1 day MIBOR has been assumed as the risk-free rate of return.

9

ESSEL EQUITY HYBRID FUND

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



Portfolio Holdings Sector / Rating % of Net Assets

EQUITY & EQUITY RELATED 73.45%HDFC BANK LTD BANKS 6.50%INFOSYS LTD SOFTWARE 5.09%ICICI BANK LTD BANKS 4.51%KOTAK MAHINDRA BANK LTD BANKS 4.41%CITY UNION BANK LTD BANKS 3.88%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 3.60%AXIS BANK LTD BANKS 3.40%ULTRATECH CEMENT LTD CEMENT 2.96%INDUSIND BANK LTD BANKS 2.94%BAJAJ FINANCE LTD FINANCE 2.93%TATA CONSULTANCY SERVICES LTD SOFTWARE 2.39%HDFC LIFE INSURANCE COMPANY LTD FINANCE 2.31%BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 2.22%PETRONET LNG LTD GAS 1.95%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 1.93%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 1.83%BIRLA CORPORATION LTD CEMENT 1.74%ITC LTD CONSUMER NON DURABLES 1.67%ICICI LOMBARD GENERAL INSURANCE COMPANY LTD FINANCE 1.64%SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 1.62%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 1.53%MARICO LTD CONSUMER NON DURABLES 1.32%CREDITACCESS GRAMEEN LTD FINANCE 1.22%MARUTI SUZUKI INDIA LTD AUTO 1.18%STATE BANK OF INDIA BANKS 1.10%ABBOTT INDIA LTD PHARMACEUTICALS 1.07%NESTLE INDIA LTD CONSUMER NON DURABLES 0.82%MAHINDRA & MAHINDRA LTD AUTO 0.79%THERMAX LTD INDUSTRIAL CAPITAL

GOODS0.79%

HERO MOTOCORP LTD AUTO 0.76%CHOLAMANDALAM INVESTMENT AND FINANCE CO. LTD FINANCE 0.73%AUROBINDO PHARMA LTD PHARMACEUTICALS 0.72%GRASIM INDUSTRIES LTD CEMENT 0.66%CADILA HEALTHCARE LTD PHARMACEUTICALS 0.41%BHARTI AIRTEL LTD TELECOM - SERVICES 0.34%L&T TECHNOLOGY SERVICES LTD SOFTWARE 0.29%LAURUS LABS LTD PHARMACEUTICALS 0.20%CERTIFICATES OF DEPOSIT 9.52%ICICI BANK LTD ICRA A1+ 7.98%AU SMALL FINANCE BANK LTD CRISIL A1+ 1.54%COMMERCIAL PAPERS 8.90%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL A1+ 8.90%NON-CONVERTIBLE DEBENTURE / ZCB 4.39%MAHINDRA & MAHINDRA FIN SER LTD IND AAA 1.60%LIC HOUSING FINANCE LTD CRISIL AAA 1.19%POWER GRID CORPORATION OF INDIA LTD CRISIL AAA 0.60%L & T INFRASTRUCTURE FINANCE LTD CARE AAA 0.40%POWER FINANCE CORPORATION LTD CARE AAA 0.40%TATA CAPITAL HOUSING FINANCE LTD CRISIL AAA 0.20%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

3.74%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe 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 assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Allotment Date30th April 2018


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

Scheme FeaturesExit Load : Upto 15% of units redeemed within365 days of allotment-NILMore than 15% of units redeemed within 365days of allotment-1%Units redeemed after 365 days from date ofallotment-NILMinimum Amount: ` 1,000/- and in multiples of` 1/- thereafterBenchmark : CRISIL Hybrid 35+65 - Aggressive Index^


Growth 10.1753 10.3922 Normal Dividend 10.1751 10.3829 Monthly Dividend 10.1749 10.3834 Quarterly Dividend 10.1751 10.3835 Half Yearly Dividend 10.1754 10.3835 Annual Dividend 10.1751 10.3845

Performance as on July 31, 2019

Period Essel Equity Hybrid Fund

CRISIL Hybrid 35+65 - Aggressive

Index*@@

NIFTY 50*@@@

1 year CAGR % -0.71% 2.08% -0.85%Since Inception CAGR % 1.40% 4.29% 4.58%Current Value of investment if Rs 10000/- was invested on Inception date (in RS.)

10175.30 10537.53 10574.45

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

9928.87 10207.95 9915.11

* - The returns are calculated to the Total Return Index (TRI) variant of the benchmark @@ - Benchmark @@@ - Additional BenchmarkExpense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns 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.

Fund ManagerDebt Portion: Mr. Archit Shah (Total Experience 9 years) managing this fund w.e.f: 6th March - 2019Equity Portion: Mr. Saravana Kumar (Total experience 30 years) managing this fund w.e.f. 17th May -2019Mr. Manav Vijay (Total experience 12 years) managing this fund w.e.f. 17th May -2019For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 10, 11, 12, 13 & 14.For performance of other scheme managed by Mr. Saravana Kumar please refer to page no. 6.For performance of other scheme managed by Mr. Manav Vijay please refer to page nos. 5 & 7.

SIP ReturnsSIP Tenure 1Investment Amount 10000.00Start Date 01-Aug-2018End Date 31-Jul-2019Total No. Of Instalments 12Total Amount Invested 1,20,000.00Present Value 1,19,838.56Total No. Of Units 11,777.40CAGR -0.27XIRR -0.25Yield -0.13

SIP date every 1st business day of the monthPast performance may or may not be sustained in the future. Assuming Rs10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. 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.

As on July 31, 2019Average Maturity (Yrs) (For debt portion of the portfolio only) 0.41Modified Duration (Yrs) (For debt portion of the portfolio only) 0.37TER - Reg (%)# 2.60TER - Direct (%)# 0.71Portfolio Yield (%) (For debt portion of the portfolio only) 6.41Portfolio Turnover Ratio (Times) 0.97


Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 9.98%BELOW 90 DAYS 0.80%BELOW 1 YEAR 10.44%ABOVE 1 YEAR 1.59%CASH & CASH EQUIVALENT 3.74%

Asset Allocation


3.16%

6.76%

63.57%


Portfolio Classification by Rating Class (%)

10


Portfolio Holdings Sector

% of Net Assets

(Hedged &Unhedged)

% Exposureof Derivative

EQUITY & EQUITY RELATED 66.62% 17.66%STATE BANK OF INDIA BANKS 8.46% 8.50%HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 4.77% 4.79%TITAN COMPANY LTD CONSUMER DURABLES 4.56% 4.37%HDFC BANK LTD BANKS 4.46% 0.00%INFOSYS LTD SOFTWARE 3.14% 0.00%ICICI BANK LTD BANKS 3.00% 0.00%KOTAK MAHINDRA BANK LTD BANKS 2.71% 0.00%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 2.41% 0.00%AXIS BANK LTD BANKS 1.83% 0.00%INDUSIND BANK LTD BANKS 1.50% 0.00%ITC LTD CONSUMER NON DURABLES 1.49% 0.00%THE FEDERAL BANK LTD BANKS 1.11% 0.00%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 1.11% 0.00%BAJAJ FINSERV LTD FINANCE 1.08% 0.00%SUNDARAM FASTENERS LTD AUTO ANCILLARIES 1.06% 0.00%HCL TECHNOLOGIES LTD SOFTWARE 1.06% 0.00%THERMAX LTD INDUSTRIAL CAPITAL GOODS 1.04% 0.00%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 0.95% 0.00%HDFC LIFE INSURANCE COMPANY LTD FINANCE 0.89% 0.00%SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 0.87% 0.00%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 0.83% 0.00%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 0.77% 0.00%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 0.76% 0.00%GAIL (INDIA) LTD GAS 0.70% 0.00%MARUTI SUZUKI INDIA LTD AUTO 0.67% 0.00%JYOTHY LABORATORIES LTD CONSUMER NON DURABLES 0.66% 0.00%SIEMENS LTD INDUSTRIAL CAPITAL GOODS 0.66% 0.00%AMBER ENTERPRISES INDIA LTD CONSUMER DURABLES 0.65% 0.00%BHARAT FORGE LTD INDUSTRIAL PRODUCTS 0.64% 0.00%BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 0.64% 0.00%MAHINDRA & MAHINDRA LTD AUTO 0.61% 0.00%SUNDARAM FINANCE LTD FINANCE 0.60% 0.00%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 0.59% 0.00%APEX FROZEN FOODS LTD CONSUMER NON DURABLES 0.59% 0.00%RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 0.58% 0.00%CYIENT LTD SOFTWARE 0.56% 0.00%RATNAMANI METALS & TUBES LTD FERROUS METALS 0.55% 0.00%PETRONET LNG LTD GAS 0.53% 0.00%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.53% 0.00%BIRLA CORPORATION LTD CEMENT 0.52% 0.00%EQUITAS HOLDINGS LTD FINANCE 0.51% 0.00%ASTEC LIFESCIENCES LTD PESTICIDES 0.49% 0.00%LAURUS LABS LTD PHARMACEUTICALS 0.48% 0.00%MAHANAGAR GAS LTD GAS 0.47% 0.00%HERO MOTOCORP LTD AUTO 0.47% 0.00%INDIAN HOTELS COMPANY LTD HOTELS 0.46% 0.00%AUROBINDO PHARMA LTD PHARMACEUTICALS 0.46% 0.00%BAJAJ CONSUMER CARE LTD CONSUMER NON DURABLES 0.42% 0.00%NIIT LTD SOFTWARE 0.40% 0.00%ECLERX SERVICES LTD SOFTWARE 0.39% 0.00%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 0.38% 0.00%MUTHOOT CAPITAL SERVICES LTD FINANCE 0.36% 0.00%H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.31% 0.00%BHARTI AIRTEL LTD TELECOM - SERVICES 0.29% 0.00%SWARAJ ENGINES LTD INDUSTRIAL PRODUCTS 0.26% 0.00%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.19% 0.00%SANGHVI MOVERS LTD INDUSTRIAL CAPITAL GOODS 0.14% 0.00%COMMERCIAL PAPERS 9.65%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL A1+ 9.65%INVIT 4.36%INDIA GRID TRUST Power Utilities 4.36%MUTUAL FUNDS UNITS 12.22%RELIANCE SHARES GOLD BEES 12.22%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

7.15%

Total 100.00%

Key Scheme InformationInvestment ObjectiveThe 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 instruments and equity & equity related Instruments. 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 Date5th April, 2011


Asset Allocation PatternEquity & 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 FeaturesExit Load : Upto 15% of units redeemed within 365 days of allotment-NILMore than 15% of units redeemed within 365 days of allotment-1%Units redeemed after 365 days from date of allotment-NILMinimum Amount: ` 1,000/- and in multiples of `1/- thereafterBenchmark : CRISIL Composite Bond @ 15% + Price of Gold @ 15% + Nifty TRI @ 30% + NSE Arbritage Index @ 40%^

Fund ManagerDebt Portion: Mr. Archit Shah (Total Experience 9 years) managing this fund w.e.f: 6th March - 2019.Equity Portion: Mr. Suraj Makhija (Total experience 10 years) managing this fund w.e.f. 17th May -2019


Growth 17.5448 18.9569 Normal Dividend 17.6500 15.6539 Monthly Dividend 16.7796 17.0269 Quarterly Dividend 15.6539 16.5032

Maturity Profile % WeightageBELOW 1 YEAR 9.65%CASH & CASH EQUIVALENT 7.15%


Period Essel 3 in 1 Fund

CRISIL Composite Bond @ 15% + Price of gold @ 15% + Nifty TRI @ 30% + NSE

Arbritage Index @ 40%

10 Year dated gOI Security

^@@

1 year CAGR % 1.15% 7.04% 16.64%3 year CAGR % 3.64% 6.91% 7.55%5 year CAGR % 5.82% 7.26% 9.23%Since Inception CAGR % 6.99% 7.68% 7.41%Current Value of investment if ` 10000/- was invested on Inception date (in `)

17544.80 18511.000 18128.517

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

10114.55 10704.000 11664.009


11132.84 12225.000 12446.165


13272.51 14200.000 15555.374

^ - 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. 6, 8 & 11.For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 9, 11, 12, 13 & 14.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns 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 July 31, 2019Average Maturity (Yrs) (For debt portion of the portfolio only) 0.3Modified Duration (Yrs) (For debt portion of the portfolio only) 0.3TER - Reg (%)# 2.48TER - Direct (%)# 0.79Portfolio Yield (%) (For debt portion of the portfolio only) 6.36Portfolio Turnover Ratio (Times) 1.54


Asset Allocation


11%

8%

29%

Industry Allocation - Equity(%)


Dividend History (Quarterly)

Scheme / Plan Record Date

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

REGULAR MONTHLY DIVIDEND 04-Jul-19 0.11554581 0.11554581 17.5377DIRECT MONTHLY DIVIDEND 04-Jul-19 0.11705100 0.11705100 17.7777REGULAR MONTHLY DIVIDEND 06-Jun-19 0.11598851 0.11598851 17.5499DIRECT MONTHLY DIVIDEND 06-Jun-19 0.11722808 0.11722808 17.7707REGULAR MONTHLY DIVIDEND 02-May-19 0.11598851 0.11598851 17.4075DIRECT MONTHLY DIVIDEND 02-May-19 0.11722808 0.11722808 17.6027REGULAR MONTHLY DIVIDEND 04-Apr-19 0.11581143 0.11581143 17.5115DIRECT MONTHLY DIVIDEND 04-Apr-19 0.11696246 0.11696246 17.6921REGULAR PLAN - MONTHLY 06-Mar-19 0.11421769 0.11421769 17.3975DIRECT PLAN - MONTHLY 06-Mar-19 0.11528018 0.11528018 17.5602REGULAR PLAN - MONTHLY 06-Feb-19 0.11395207 0.11395207 17.3924DIRECT PLAN - MONTHLY 06-Feb-19 0.11492602 0.11492602 17.5395REGULAR PLAN - QUARTERLY 22-Mar-18 0.25102250 0.23256754 15.4047DIRECT PLAN - QUARTERLY 22-Mar-18 0.26108784 0.24189289 16.0255REGULAR PLAN - QUARTERLY 02-Nov-17 0.25495961 0.23621520 15.7120DIRECT PLAN - QUARTERLY 02-Nov-17 0.26471019 0.24524893 16.3120REGULAR PLAN - QUARTERLY 02-May-17 0.25358731 0.23494379 15.5982DIRECT PLAN - QUARTERLY 02-May-17 0.26189336 0.24263919 16.1153


ESSEL 3 IN 1 FUND

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

11


Portfolio as on July 31, 2019Portfolio Holdings Sector / Rating % of Net

AssetsEQUITY & EQUITY RELATED 19.40%HDFC BANK LTD BANKS 1.68%ICICI BANK LTD BANKS 1.21%INFOSYS LTD SOFTWARE 1.18%KOTAK MAHINDRA BANK LTD BANKS 0.91%LARSEN & TOUBRO LTD CONSTRUCTION PROJECT 0.89%AXIS BANK LTD BANKS 0.75%HCL TECHNOLOGIES LTD SOFTWARE 0.69%INDUSIND BANK LTD BANKS 0.59%ITC LTD CONSUMER NON DURABLES 0.51%GLAXOSMITHKLINE CONSUMER CONSUMER NON DURABLES 0.48%THE FEDERAL BANK LTD BANKS 0.46%BAJAJ FINSERV LTD FINANCE 0.39%THERMAX LTD INDUSTRIAL CAPITAL GOODS 0.37%AIA ENGINEERING LTD INDUSTRIAL PRODUCTS 0.35%HDFC LIFE INSURANCE COMPANY LTD FINANCE 0.34%SUN PHARMACEUTICALS INDUSTRIES LTD PHARMACEUTICALS 0.34%GENERAL INSURANCE CORPORATION OF INDIA FINANCE 0.33%MARUTI SUZUKI INDIA LTD AUTO 0.33%AMBER ENTERPRISES INDIA LTD CONSUMER DURABLES 0.31%JYOTHY LABORATORIES LTD CONSUMER NON DURABLES 0.31%MAHINDRA & MAHINDRA FIN SER LTD FINANCE 0.30%BRITANNIA INDUSTRIES LTD CONSUMER NON DURABLES 0.30%SUPREME INDUSTRIES LTD INDUSTRIAL PRODUCTS 0.29%RATNAMANI METALS & TUBES LTD FERROUS METALS 0.29%SUNDARAM FINANCE LTD FINANCE 0.27%SUNDARAM FASTENERS LTD AUTO ANCILLARIES 0.27%BHARAT FORGE LTD INDUSTRIAL PRODUCTS 0.26%MAHINDRA & MAHINDRA LTD AUTO 0.25%CARBORUNDUM UNIVERSAL LTD INDUSTRIAL PRODUCTS 0.24%HERO MOTOCORP LTD AUTO 0.24%CYIENT LTD SOFTWARE 0.23%GULF OIL LUBRICANTS INDIA LTD PETROLEUM PRODUCTS 0.23%APEX FROZEN FOODS LTD CONSUMER NON DURABLES 0.22%SIEMENS LTD INDUSTRIAL CAPITAL GOODS 0.22%PETRONET LNG LTD GAS 0.21%GAIL (INDIA) LTD GAS 0.21%ECLERX SERVICES LTD SOFTWARE 0.21%MAHANAGAR GAS LTD GAS 0.21%NIIT LTD SOFTWARE 0.20%BIRLA CORPORATION LTD CEMENT 0.20%ASTEC LIFESCIENCES LTD PESTICIDES 0.20%INDIA NIPPON ELECTIRCALS LTD AUTO ANCILLARIES 0.20%LAURUS LABS LTD PHARMACEUTICALS 0.19%SWARAJ ENGINES LTD INDUSTRIAL PRODUCTS 0.19%AUROBINDO PHARMA LTD PHARMACEUTICALS 0.18%H.G.INFRA ENGINEERING LTD CONSTRUCTION PROJECT 0.18%BAJAJ CONSUMER CARE LTD CONSUMER NON DURABLES 0.17%EQUITAS HOLDINGS LTD FINANCE 0.16%MUTHOOT CAPITAL SERVICES LTD FINANCE 0.13%SANGHVI MOVERS LTD INDUSTRIAL CAPITAL GOODS 0.12%TITAN COMPANY LTD CONSUMER DURABLES 0.11%INDIAN HOTELS COMPANY LTD HOTELS 0.11%HEALTHCARE GLOBAL ENTERPRISES LTD HEALTHCARE SERVICES 0.10%BHARTI AIRTEL LTD TELECOM - SERVICES 0.09%CERTIFICATES OF DEPOSIT 13.28%AU SMALL FINANCE BANK LTD CRISIL A1+ 7.40%ICICI BANK LTD ICRA A1+ 5.88%NON-CONVERTIBLE DEBENTURE / ZCB 55.43%TATA CAPITAL HOUSING FINANCE LTD CRISIL AAA 11.63%RURAL ELECTRIFICATION CORPN LTD CRISIL AAA 10.36%L & T INFRASTRUCTURE FINANCE LTD CARE AAA 10.28%POWER FINANCE CORPORATION LTD CARE AAA 10.21%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL AAA 7.81%MAHINDRA & MAHINDRA FIN SER LTD IND AAA 5.14%INVIT 4.72%INDIA GRID TRUST POWER UTILITIES 4.72%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

7.17%

Total 100.00%

Key Scheme InformationInvestment ObjectiveTo generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity and 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 Date29th July 2010


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 FeaturesExit Load : Upto 15% of units redeemed within 365 days of allotment-NILMore than 15% of units redeemed within 365 days of allotment-1%Units redeemed after 365 days from date of allotment-NILMinimum Amount: ` 1,000/- and in multiples of ` 1/- thereafterBenchmark : CRISIL Hybrid 85+15 Conservative Index^

Fund ManagerDebt Portion: Mr. Archit Shah (Total Experience 9 years) managing this fund w.e.f: 6th March'2019. Equity Portion: Mr. Suraj Makhija (Total experience 10 years) managing this fund w.e.f. 17th May -2019


GROWTH 19.0396 21.0543 MONTHLY DIVIDEND 10.0879 10.9030 QUARTERLY DIVIDEND 11.7129 12.9172

Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 21.30%BELOW 90 DAYS 11.63%BELOW 1 YEAR 7.40%ABOVE 1 YEAR 28.38%Cash & Cash Equivalent 7.17%


Period Essel Regular Savings Fund

CRISIL Hybrid 85+15 -

Conservative Index^@

10 Year dated gOI

Security^@@1 year returns % 3.64% 10.29% 16.64%3 year CAGR % 4.97% 8.26% 7.55%5 year CAGR % 6.73% 9.52% 9.23%Since Inception CAGR % 7.41% 8.77% 7.30%Current Value of investment if ` 10000/- was invested on Inception date (in `)

19039.60 21336.70 18870.84


10364.11 11028.75 11664.01


11569.72 12695.06 12446.17


13852.22 15759.45 15555.37

^ - 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. 6, 8 & 10For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 9, 10, 12, 13, & 14.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns 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 July 31, 2019Average Maturity (Yrs) (For debt portion of the portfolio only) 0.70Modified Duration (Yrs) (For debt portion of the portfolio only) 0.61TER - Reg (%)# 2.35TER - Direct (%)# 0.63Portfolio Yield (%) (For debt portion of the portfolio only) 6.90


Asset Allocation



Dividend History (Monthly)Scheme / Plan Record Date Net Dividend (` per unit) Cum Dividend

NAV (in `)Individual/HUF CorporateMONTHLY DIVIDEND 26-Jul-19 0.03654219 0.03383825 10.1557DIRECT MONTHLY DIVIDEND 26-Jul-19 0.03948532 0.03656361 10.9741MONTHLY DIVIDEND 28-Jun-19 0.03695878 0.03422403 10.2674DIRECT MONTHLY DIVIDEND 28-Jun-19 0.03989082 0.03693911 11.0823MONTHLY DIVIDEND 31-May-19 0.03723581 0.03448055 10.3297DIRECT MONTHLY DIVIDEND 31-May-19 0.04014447 0.03717399 11.1371MONTHLY DIVIDEND 26-Apr-19 0.03698303 0.03424648 10.2805DIRECT MONTHLY DIVIDEND 26-Apr-19 0.03981462 0.03686855 11.0682DIRECT MONTHLY DIVIDEND 22-Feb-19 0.03914311 0.03624672 10.8768DIRECT MONTHLY DIVIDEND 25-Jan-19 0.03926314 0.03635787 10.8937DIRECT MONTHLY DIVIDEND 28-Dec-18 0.03936720 0.03645423 10.9474MONTHLY DIVIDEND 28-Dec-18 0.03638972 0.03369707 10.1190DIRECT MONTHLY DIVIDEND 30-Nov-18 0.03936239 0.03644978 10.9390MONTHLY DIVIDEND 30-Nov-18 0.03642996 0.03373433 10.1236DIRECT MONTHLY DIVIDEND 26-Oct-18 0.03873271 0.03586670 10.7474DIRECT MONTHLY DIVIDEND 28-Sep-18 0.03909733 0.03620433 10.8398

Dividend History (Quarterly)Scheme / Plan Record Date Net Dividend (` per unit) Cum Dividend

NAV (in `)Individual/HUF CorporateREGULAR PLAN - QUARTERLY 22-Mar-18 0.16239187 0.15045296 11.2080DIRECT PLAN - QUARTERLY 22-Mar-18 0.17580539 0.16288033 12.1376REGULAR PLAN - QUARTERLY 2-Nov-17 0.16575986 0.15357334 11.5140DIRECT PLAN - QUARTERLY 2-Nov-17 0.17868841 0.16555139 12.4149REGULAR PLAN - QUARTERLY 2-May-17 0.16344861 0.15143201 11.3707DIRECT PLAN - QUARTERLY 2-May-17 0.17522154 0.16233940 12.1924

ESSEL REgULAR SAVINgS FUND

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

12

ESSEL ARBITRAgE FUND

(An open ended scheme investing in arbitrage opportunities)



Portfolio Holdings Sector / Rating % of Net Assets

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

67.73%

STATE BANK OF INDIA BANKS 9.03%

HINDUSTAN UNILEVER LTD CONSUMER NON DURABLES

7.04%

MAHINDRA & MAHINDRA FIN SER LTD FINANCE 6.90%

APOLLO HOSPITAL ENTERPRISES LTD HEALTHCARE SERVICES 6.12%

RELIANCE INDUSTRIES LTD PETROLEUM PRODUCTS 5.28%

MAHINDRA & MAHINDRA LTD AUTO 4.98%

CADILA HEALTHCARE LTD PHARMACEUTICALS 4.95%

NBCC (INDIA) LTD CONSTRUCTION 4.94%

UPL LTD PESTICIDES 4.85%

HOUSING DEVELOPMENT FINANCE CORPORATION LTD FINANCE 4.80%

LARSEN & TOUBRO LTD CONSTRUCTION PROJECT

4.71%

ASIAN PAINTS LTD CONSUMER NON DURABLES

4.13%

CERTIFICATES OF DEPOSIT 18.06%

KOTAK MAHINDRA BANK LTD CRISIL A1+ 9.04%

ICICI BANK LTD ICRA A1+ 9.02%

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

14.21%

Total 100.00%

Key Scheme Information

Investment ObjectiveThe investment objective of the Scheme is to generate income by predominantly investing in arbitrage 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 Date28th August 2018


Asset Allocation PatternUnder 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 FeaturesExit 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 ManagerEquity Portion: Mr. Dhaval Choksi (Total experience 10 years) managing this fund w.e.f. 17th May -2019Debt Portion: Mr. Archit Shah (Total Experience 9 years) managing this fund w.e.f: 6th March - 2019For performance of other schemes managed by Mr. Archit Shah please refer to page nos. 9, 10, 11, 13 & 14.


Growth 10.5245 10.5955 Normal Dividend 10.5248 10.5959 Monthly Dividend 10.5199 10.6072 Quarterly Dividend - 10.5993

Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 18.06%

Cash & Cash Equivalent 14.21%

As on July 31, 2019



Performance - As the scheme has not completed one year hence, performance is not provided.

Asset Allocation


13

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.)


Portfolio Holdings Rating % of Net Assets

CERTIFICATES OF DEPOSIT 37.76%ICICI BANK LTD ICRA A1+ 12.72%AU SMALL FINANCE BANK LTD CRISIL A1+ 10.50%BANK OF BARODA ICRA A1+ 5.47%AXIS BANK LTD CRISIL A1+ 5.44%NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMEN CRISIL A1+ 3.63%COMMERCIAL PAPERS 5.47%CHENNAI PETROLEUM CORPORATION LTD ICRA A1+ 5.47%NON-CONVERTIBLE DEBENTURE / ZCB 45.75%MAHINDRA & MAHINDRA FIN SER LTD IND AAA 14.59%POWER GRID CORPORATION OF INDIA LTD CRISIL AAA 12.83%HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL AAA 7.40%LIC HOUSING FINANCE LTD CRISIL AAA 7.25%RURAL ELECTRIFICATION CORPN LTD CRISIL AAA 3.68%Cash & Cash Equivalent (including TREPS/(TBILL held as Collateral)/Reverse Repo/Net Current Assets)

11.02%

Total 100.00%

Key Scheme InformationInvestment ObjectiveTo provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and 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 between safety and liquidity. 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 Date19th February 2010


Asset Allocation PatternDebt & 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 FeaturesExit Load : NIL

Minimum Amount: ` 1,000/- and in multiples of ` 1 thereafterBenchmark : CRISIL Liquid Fund Index^

Fund ManagerMr. Archit Shah (Total Experience 9 years) managing this fund w.e.f: 6th March'-2019

Dividend History (Monthly)

Scheme / Plan Record Date

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


DIRECT MONTHLY DIVIDEND 26-Jul-19 3.762427 3.48402698 1044.9194REGULAR PLAN MONTHLY DIVIDEND 26-Jul-19 3.68443492 3.41180590 1023.2488DIRECT MONTHLY DIVIDEND 28-Jun-19 3.75714595 3.4791367 1043.3675REGULAR PLAN MONTHLY DIVIDEND 28-Jun-19 3.68091362 3.40854516 1022.1876DIRECT MONTHLY DIVIDEND 31-May-19 3.75803485 3.47995983 1043.7777REGULAR PLAN MONTHLY DIVIDEND 31-May-19 3.68344333 3.41088769 1023.0506DIRECT MONTHLY DIVIDEND 26-Apr-19 3.74810153 3.47076151 1040.9137REGULAR PLAN MONTHLY DIVIDEND 26-Apr-19 3.67568243 3.40370105 1020.7920DIRECT MONTHLY DIVIDEND 29-Mar-19 0.64504898 0.59731857 1007.5455REGULAR PLAN MONTHLY DIVIDEND 29-Mar-19 0.38110673 0.00 1010.8481DIRECT MONTHLY DIVIDEND 22-Feb-19 3.73707993 3.46055463 1037.8414REGULAR PLAN MONTHLY DIVIDEND 22-Feb-19 3.66970907 3.39816888 1019.1124DIRECT MONTHLY DIVIDEND 25-Jan-19 3.73590003 3.45946287 1037.5088REGULAR PLAN MONTHLY DIVIDEND 25-Jan-19 3.67080137 3.39918117 1019.4083DIRECT MONTHLY DIVIDEND 28-Dec-18 3.7328754 3.45666204 1036.6956REGULAR PLAN MONTHLY DIVIDEND 28-Dec-18 3.67101778 3.39938156 1019.4953DIRECT MONTHLY DIVIDEND 30-Nov-18 3.72867381 3.45277135 1035.5234REGULAR PLAN MONTHLY DIVIDEND 30-Nov-18 3.67004943 3.39848487 1019.2196DIRECT MONTHLY DIVIDEND 26-Oct-18 3.71820766 3.44307964 1032.5575REGULAR PLAN MONTHLY DIVIDEND 28-Sep-18 3.64291716 3.37336025 1011.8808DIRECT MONTHLY DIVIDEND 28-Sep-18 3.71418918 3.4393585 1031.7032REGULAR PLAN MONTHLY DIVIDEND 31-Aug-18 3.65036868 3.38026039 1013.6872DIRECT MONTHLY DIVIDEND 31-Aug-18 3.7197902 3.44454508 1032.9827


GROWTH 2,060.6809 2,143.4998 DAILY DIVIDEND 1,011.9100 1,006.6500 WEEKLY DIVIDEND 1,004.1457 1,005.1064 MONTHLY DIVIDEND 1,019.4138 1,041.2361

Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 47.32%BELOW 90 DAYS 12.83%BELOW 1 YEAR 10.50%ABOVE 1 YEAR 18.33%Cash & Cash Equivalent 11.02%Face Value changed from ` 10/- to ` 1000/- with effect from 21st September 2014


Period Essel UltraShort Term

Fund

CRISIL Liquid Fund

Index ^@

1 Year govt.T-Bill ^@@

1 year returns % 6.70% 7.61% 8.24%3 year CAGR % 6.61% 7.15% 6.77%5 year CAGR % 7.22% 7.60% 7.31%Since Inception CAGR % 7.95% 7.82% 6.79%Current Value of investment if ` 10000/- was invested on Inception date (in `)

20606.81 20363.68 18600.04


10669.61 10760.80 10823.69


12122.20 12305.12 12177.51


14174.06 14423.14 14231.18

^ - 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. Archit Shah please refer to page nos. 9, 10, 11, 12 & 14..Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns 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 July 31, 2019

Average Maturity (Yrs) 0.46

Modified Duration (Yrs) 0.41

TER - Reg (%)# 1.05

TER - Direct (%)# 0.22

Portfolio Yield (%) 6.47# - Above TER includes additional expenses but excludes GST. For TER inclusive of GST please refer to page no.15

*CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on May 31, 2019). For statutory details please refer to page no. 15 & 16.

Asset Allocation

Scheme Performance vis-a-vis Benchmark (%)


14

ESSEL LIQUID FUND

(An open ended liquid scheme)Portfolio as on July 31, 2019

Portfolio Holdings Rating % of Net Assets

CERTIFICATES OF DEPOSIT 57.37%ICICI BANK LTD ICRA A1+ 12.42%

NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT CRISIL A1+ 12.39%

BANK OF BARODA ICRA A1+ 11.94%

AXIS BANK LTD CRISIL A1+ 11.93%

KOTAK MAHINDRA BANK LTD CRISIL A1+ 8.69%

COMMERCIAL PAPERS 29.64%CHENNAI PETROLEUM CORPORATION LTD ICRA A1+ 11.99%

INDIAN OIL CORPORATION LTD ICRA A1+ 8.85%

SBI CARDS AND PAYMENT LTD CRISIL A1+ 8.80%

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

12.99%

Total 100.00%

Key Scheme InformationInvestment ObjectiveTo 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 Date19th February 2010


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

Scheme FeaturesExit Load : NIL

Minimum Amount: ` 1,000/- and inmultiples of ` 1 thereafterBenchmark : CRISIL Liquid Fund Index^

Fund ManagerMr. Archit Shah (Total Experience 9 years) managing this fund w.e.f: 6th March'- 2019

Dividend History (Monthly)

Scheme / Plan Record DateNet Dividend (` per unit) Cum

Dividend NAV (in `)


REGULAR PLAN MONTHLY DIVIDEND 26-Jul-19 3.40129096 3.14961313 1005.9819DIRECT MONTHLY DIVIDEND 26-Jul-19 3.4656878 3.20924493 1006.0713REGULAR PLAN MONTHLY DIVIDEND 28-Jun-19 3.33278829 3.0861793 1005.8868DIRECT MONTHLY DIVIDEND 28-Jun-19 3.39596058 3.14467716 1005.9745REGULAR PLAN MONTHLY DIVIDEND 31-May-19 4.6145302 4.27307898 1007.6662DIRECT MONTHLY DIVIDEND 31-May-19 4.69182081 4.34465048 1007.7735REGULAR PLAN MONTHLY DIVIDEND 26-Apr-19 3.85487806 3.56963714 1006.6116DIRECT MONTHLY DIVIDEND 26-Apr-19 3.91632157 3.62653415 1006.6969REGULAR PLAN - MONTHLY 29-Mar-19 5.34789057 4.95217449 1008.6843DIRECT PLAN - MONTHLY 29-Mar-19 5.42438882 5.02301227 1008.7905

REGULAR PLAN - MONTHLY 22-Feb-19 3.9608375 3.66775614 1006.7587DIRECT PLAN - MONTHLY 22-Feb-19 4.02148866 3.72391942 1006.8429REGULAR PLAN - MONTHLY 25-Jan-19 4.07169514 3.77041089 1006.9126DIRECT PLAN - MONTHLY 25-Jan-19 4.13292256 3.82710779 1006.9976REGULAR PLAN - MONTHLY 31-Dec-18 4.10871972 3.80469584 1006.964DIRECT PLAN - MONTHLY 31-Dec-18 4.16951494 3.86099253 1007.0484REGULAR PLAN - MONTHLY 30-Nov-18 5.26706541 4.87732998 1008.5721DIRECT PLAN - MONTHLY 30-Nov-18 5.34371637 4.94830916 1008.6785REGULAR PLAN - MONTHLY 26-Oct-18 4.039241 3.74035818 1006.8675DIRECT PLAN - MONTHLY 26-Oct-18 4.10038059 3.79697376 1006.9524REGULAR PLAN - MONTHLY 28-Sep-18 3.9975211 3.70172534 1006.8096DIRECT PLAN - MONTHLY 28-Sep-18 4.05870802 3.75838475 1006.8946REGULAR PLAN - MONTHLY 31-Aug-18 4.97330282 4.60530429 1008.1643DIRECT PLAN - MONTHLY 31-Aug-18 5.05009696 4.67641606 1008.2709

Net Asset Value (NAV) as on July 31, 2019 (in Rs) (Last Business Day Of The Month) Plan / Option Regular Plan Direct Plan

GROWTH 2,094.3088 2,106.8010

DAILY DIVIDEND 1,001.2902 1,001.2900

WEEKLY DIVIDEND 1,000.7806 1,000.7465

MONTHLY DIVIDEND 1,002.0677 1,002.0839

Maturity Profile % WeightageBELOW OR EQUAL TO 50 DAYS 78.21%BELOW 90 DAYS 8.80%CASH & CASH EQUIVALENT 12.99%Face Value changed from ` 10/- to ` 1000/- with effect from 21st September 2014


Period Essel Liquid Fund

CRISIL Liquid Fund

Index^@

1 Year govt.T-Bill ^@@

1 year returns % 7.30% 7.61% 8.24%

3 year CAGR % 7.11% 7.15% 6.77%

5 year CAGR % 7.63% 7.60% 7.31%

Since Inception CAGR % 8.14% 7.82% 6.79%

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

20943.09 20363.68 18600.04


10729.77 10760.80 10823.69


12288.80 12300.67 12173.29


14443.11 14423.14 14231.18

^ - 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. Archit Shah please refer to page nos. 9, 10, 11, 12 & 13.Expense structure for Direct & Regular Plan may vary.Past performance may or may not be sustained in futureReturns 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 July 31, 2019

Average Maturity (Yrs) 0.06Modified Duration (Yrs) 0.06TER - Reg (%)# 0.20TER - Direct (%)# 0.08Portfolio Yield (%) 5.82


*CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on May 31, 2019). For statutory details please refer to page nos. 15 & 16.

Asset Allocation

Scheme Performance vis-a-vis Benchmark (%)


15

MU

TUA

L FU

ND

INVE

STM

ENTS

AR

E SU

BJE

CT

TO M

AR

KET

RIS

KS,

REA

D A

LL S

CH

EME

REL

ATED

DO

CU

MEN

TS C

AR

EFU

LLY.

This

fact

she

et is

for i

nfor

mat

iona

l pur

pose

onl

y an

d un

der n

o ci

rcum

stan

ces

is to

be

used

or c

onsi

dere

d as

an

inve

stm

ent a

dvic

e

FUN

DS

AT A

gLA

NC

E FO

R E

SSEL

MU

TUA

L FU

ND

Sche

me N

ame

Addi

tiona

lPu

rcha

se

amt.

Addi

tiona

l Pu

rcha

se in

mul

tiples

abov

e

Mini

mum

Re

dem

ptio

nMi

n Re

dem

ptio

n un

its

Rede

mpt

ion

Payo

ut

Cycle

SIP

SIP

Freq

uenc

ySI

P Mi

n am

tSI

P Mi

n no

. of

Chqs

SIP

Star

ting

Date

SWP

SWP

Freq

uenc

ySW

P Mi

n.

Amt

SWP

Star

ting

Date

STP

STP

Freq

uenc

yST

P Mi

n Am

tST

P St

artin

g Da

teTE

R (In

cl. g

ST)

AUM

as on

Ju

ly 31

, 201

9

Esse

l Lon

g Term

Ad

vant

age

Fund

` 500

/-M

ultipl

es o

f ` 5

00/-

ther

eafte

r` 1

000/

- or a

ccou

ntba

lance

, whic

h ev

er

is low

er

100

units

or

acc

ount

ba

lance

wh

ichev

er is

low

er

T+3

Yes

Fortn

ightly

M

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Fortn

ightly

24

insta

llmen

ts,

Mon

thly

12

-insta

llmen

ts,

Quar

terly

4

insta

llmen

ts,

Half Y

early

2

insta

llmen

ts

Fortn

ightly

, ev

ery

alter

nate

we

dnes

day/

Mon

thly-

Any

Day o

f the

m

onth

exc

ept

29th

, 30t

h,

31st/

Quar

terly

- A

ny D

ay o

f th

e m

onth

ex

cept

for e

ach

Quar

ter (

i.e.

Janu

ary,

April,

Ju

ly, O

ctobe

r) ex

cept

29t

h,

30th

, 31s

t/ Ha

lf Ye

arly

- Any

Da

y of t

he

mon

th e

xcep

t fo

r eac

h Ha

lf Ye

arly

(i.e.

Se

ptem

ber,

Mar

ch) e

xcep

t 29

th, 3

0th,

31s

t

*Yes

Mon

thly

&Qu

arte

rlyM

onth

ly-

` 50

0/-

Quar

terly

- ` 1

500/

-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

*Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/- e

ach

Fortn

ightly

Wee

kly

& M

onth

ly ` 5

00

each

Daily

, Wee

kly (e

very

W

edne

sday

) For

tnigh

tly

(eve

ry a

ltern

ate

Wed

nes-

da

y) M

onth

ly (a

s on

spec

ified

date

s)

Reg

(%) -

2.6

3Di

r (%

) - 0

.72

` 55

.57

Crs

Esse

l Mult

i Cap

Fun

d` 1

00/-

Mult

iples

of `

1/-

ther

eafte

r` 1

000/

- or a

ccou

ntba

lance

, whic

h ev

er

is low

er

100

units

or

acc

ount

ba

lance

wh

ichev

er is

low

er

T+3

Yes

Fortn

ightly

M

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

&Qu

arte

rlyM

onth

ly-

` 500

/- Qu

arte

rly-

` 150

0/-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/- e

ach

Fortn

ightly

Wee

kly

& M

onth

ly ` 5

00

each

Daily

, Wee

kly

(eve

ry W

edne

sday

Fo

rtnigh

tly(e

very

alte

rnat

e W

edne

sday

)Mon

thly(

as

on sp

ecifie

d da

tes)

Reg

(%) -

2.6

9Di

r (%

) - 0

.66

` 19

6.87

Crs

Esse

l Lar

ge &

Midc

ap

Fund

` 100

/-M

ultipl

es o

f ` 1

/-th

erea

fter

` 100

0/- o

r acc

ount

balan

ce, w

hich

ever

is

lower

100

units

or

acc

ount

ba

lance

wh

ichev

er is

low

er

T+3

Yes

Fortn

ightly

M

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

&Qu

arte

rlyM

onth

ly-

` 500

/- Qu

arte

rly-

` 150

0/-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/- e

ach

Fortn

ightly

Wee

kly

& M

onth

ly ` 5

00

each

Daily

, Wee

kly

(eve

ry W

edne

sday

Fo

rtnigh

tly(e

very

alte

rnat

e W

edne

sday

)Mon

thly(

as

on sp

ecifie

d da

tes)

Reg

(%) -

2.6

9Di

r (%

) - 0

.76

` 99

.69

Crs

Esse

l Lar

ge C

ap E

quity

Fu

nd` 1

/-M

ultipl

es o

f ` 1

/- th

erea

fter

`100

0/- o

r acc

ount

balan

ce, w

hich

ever

is

lower

100

units

or

acc

ount

ba

lance

wh

ichev

er is

low

er

T+3

Yes

Fortn

ightly

M

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Quar

terly

Mon

thly-

` 5

00/-

Qu

arte

rly-

` 150

0/-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly `

500

Daily

, Wee

kly (e

very

W

edne

sday

) For

tnigh

tly

(eve

ry a

ltern

ate

Wed

nesd

ay) M

onth

ly (a

s on

spec

ified

date

s)

Reg

(%) -

2.6

9Di

r (%

) - 0

.78

` 10

3.45

Crs

Esse

l Equ

ity H

ybrid

Fu

nd` 1

00/-

Mult

iples

of `

1/-

ther

eafte

r` 1

000/

- or a

ccou

ntba

lance

, whic

h ev

er

is low

er

100

units

or

acc

ount

ba

lance

wh

ichev

er is

low

er

T+3

Yes

Fortn

ightly

M

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

&Qu

arte

rlyM

onth

ly-

` 500

/- Qu

arte

rly-

` 150

0/-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/- e

ach

Fortn

ightly

Wee

kly

& M

onth

ly ` 5

00

each

Daily

, Wee

kly

(eve

ry W

edne

sday

Fo

rtnigh

tly(e

very

alte

rnat

e W

edne

sday

)Mon

thly(

as

on sp

ecifie

d da

tes)

Reg

(%) -

2.6

9Di

r (%

) - 0

.79

` 24

8.89

Crs

Esse

l 3 in

1 Fu

nd` 1

00/-

Mult

iples

of `

1/-

ther

eafte

r` 1

000/

- or a

ccou

ntba

lance

, whic

h ev

er

is low

er

100

units

or

acc

ount

ba

lance

wh

ichev

er is

low

er

T+3

Yes

Fortn

ightly

M

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Quar

terly

Mon

thly-

` 5

00/-

Quar

terly

- ` 1

500/

-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly `

500

Daily

, Wee

kly (e

very

W

edne

sday

) For

t- nig

htly

(eve

ry a

ltern

ate

Wed

nesd

ay) M

onth

ly (a

s on

spec

ified

date

s)

Reg

(%) -

2.6

3Di

r (%

) - 0

.89

` 2

0.02

Crs

Esse

l Reg

ular S

aving

s Fu

nd` 1

00/-

Mult

iples

of `

1/-

ther

eafte

r` 1

000/

- and

in

mult

iples

of `

1/-

ther

eafte

r

100

units

or

acc

ount

ba

lance

wh

ichev

er is

low

er

T+1

Yes

Fortn

ightly

M

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Quar

terly

Mon

thly-

` 5

00/-

Qu

arte

rly-

` 150

0/-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly `

500

Daily

, Wee

kly (e

very

W

edne

sday

) For

t- nig

htly

(eve

ry a

ltern

ate

Wed

nes-

da

y) M

onth

ly (a

s on

spec

ified

date

s)

Reg

(%) -

2.4

8Di

r (%

) - 0

.70

` 3

8.84

Crs

Esse

l Arb

itrag

e Fu

nd

` 100

/-M

ultipl

es o

f ` 1

/- th

erea

fter

` 100

0/- a

nd in

m

ultipl

es o

f ` 1

/- th

erea

fter

100

units

or

acc

ount

ba

lance

wh

ichev

er is

low

er

T+3

Yes

Fortn

ightly

M

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Quar

terly

Mon

thly-

` 5

00/-

Quar

terly

` 1

500/

-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly `

500

Daily

, Wee

kly (e

very

W

edne

sday

) For

t- nig

htly

(eve

ry a

ltern

ate

Wed

nes-

da

y) M

onth

ly

(as o

n sp

ecifie

d da

tes)

Reg

(%) -

1.0

2Di

r (%

) - 0

.36

` 2.

21 C

rs

Esse

l Ultr

a Sh

ort T

erm

Fund

` 100

/-M

ultipl

es o

f ` 1

/- th

erea

fter

` 100

0/- a

nd in

m

ultipl

es o

f ` 1

/- th

erea

fter o

r acc

ount

ba

lance

whic

h- e

ver

is low

er

NAT+

1Ye

sFo

rtnigh

tlyM

onth

ly,

Quar

terly

&

Half Y

early

Fortn

ightly

- ` 50

0M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Qu

arte

rly

Mon

thly-

` 5

00/-

Quar

terly

` 1

500/

-

Mon

thly:

5th

of t

hem

onth

; Qua

rterly

5t

h of

Apr

il, Ju

ly,

Octo

ber,

Janu

ary

Yes

Daily

, W

eekly

,fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly ` 5

00

Daily

, Wee

kly (e

very

W

edne

sday

) For

t-nig

htly

(eve

ry a

ltern

ate

Wed

nesd

ay) M

onth

ly

(as o

n sp

ecifie

d da

tes)

Reg

(%) -

1.0

7Di

r (%

) - 0

.23

` 27.

30 C

rs

Esse

l Liqu

id Fu

nd` 1

00/-

Mult

iples

of `

1/-

ther

eafte

r` 1

000/

- and

in

mult

iples

of `

1/-

ther

eafte

r or a

ccou

nt

balan

ce w

hich-

eve

r is

lower

NAT+

1Ye

sFo

rtnigh

tly

Mon

thly,

Qu

arte

rly &

Ha

lf Yea

rly

Fortn

ightly

- ` 5

00M

onth

ly- `

500

Quar

terly

- ` 1

000

Half Y

early

- ` 2

000

Yes

Mon

thly

and

Quar

terly

Mon

thly-

` 5

00/-

Quar

- te

rly-

` 150

0/-

Mon

thly:

5th

of t

he

mon

th; Q

uarte

rly

5th

of A

pril,

July,

Oc

tobe

r, Ja

nuar

y

Yes

Daily

, W

eekly

, fo

rtnigh

tly

and

Mon

thly

Daily

- ` 5

0/-

Fortn

ightly

Wee

kly

& M

onth

ly `

500

Daily

, Wee

kly (e

very

W

edne

sday

) For

tnigh

tly

(eve

ry a

ltern

ate

Wed

nesd

ay) M

onth

ly

(as o

n sp

ecifie

d da

tes)

Reg

(%) -

0.2

0Di

r (%

) - 0

.08

`112

.35

Crs

Note

: The

Trus

tee w

ill en

deav

or to

decla

re th

e Divi

dend

as pe

r the

spec

ified f

requ

encie

s, su

bject

to av

ailab

ility o

f dist

ribut

able

surp

lus ca

lculat

ed in

acco

rdan

ce w

ith th

e Reg

ulatio

ns. T

he ac

tual

decla

ratio

ns of

Divi

dend

and f

requ

ency

will

inter

-alia

depe

nd on

avail

abilit

y of d

istrib

utab

le su

rplus

calcu

lated

in ac

cord

ance

with

SEB

I (M

F) R

egula

tions

an

d th

e de

cision

s of t

he T

ruste

e sh

all b

e fin

al in

this

rega

rd. T

here

is n

o as

sura

nce

or g

uara

ntee

to th

e Un

it hold

ers a

s to

the

rate

of D

ivide

nd n

or th

at th

e Di

viden

d wi

ll be

paid

regu

larly.

Divi

dend

pay

able

unde

r Divi

dend

Pay

out o

ption

(Wee

kly O

ption

) is e

qual

to o

r les

s tha

n ` 5

00 th

en th

e Di

viden

d wo

uld b

e co

mpu

lsorily

reinv

este

d in

the

optio

n of

the

Sche

me.

In ca

se a

n inv

esto

r fail

s to

spec

ify h

is pr

efer

ence

of P

lans/S

ub P

lans/O

ption

s in

the

abov

e m

entio

ned

sche

mes

, the

def

ault P

lan/S

ub P

lan/O

ption

s wou

ld be

as a

bove

. * S

WP/

STP

avail

able

only

afte

r com

pletio

n of

stat

utor

y loc

k-in

perio

d of

3 ye

ars f

rom

the

date

of in

vestm

ent b

y the

inve

stor.

Any i

nfor

mat

ion he

rein

cont

ained

does

not c

onsti

tute

and s

hall b

e dee

med

not to

cons

titute

an ad

vice,

an of

fer t

o sell

/ pur

chas

e or a

s an i

nvita

tion o

r soli

citat

ion to

do so

for a

ny se

curit

ies of

any e

ntity

, and

furth

er, E

ssel

Finan

ce A

MC

Limite

d.(E

FAL)

(form

erly

Peer

less F

unds

Man

agem

ent C

o. L

td. (

PFM

CL)).

Its su

bsidi

aries

/ affil

iates

/ spo

nsor

s / tr

uste

e (Es

sel M

F Tru

stee L

imite

d) (f

orm

erly

Peer

less T

rust

Man

agem

ent C

o Ltd

. ) or

their

offic

ers,

emplo

yees

, per

sonn

el, di

recto

rs m

ay be

asso

ciate

d in a

com

mer

cial, p

rofe

ssion

al or

pers

onal

capa

city o

r may

have

a co

mm

ercia

l inte

rest

includ

ing as

prop

rieta

ry tr

ader

s in o

r with

secu

rities

and /

or co

mpa

nies o

r issu

es or

mat

ters

as co

ntain

ed

in th

is pu

blica

tion a

nd su

ch co

mm

ercia

l cap

acity

or in

tere

st wh

ethe

r or n

ot di

fferin

g with

or co

nflict

ing w

ith th

is pu

blica

tion,

shall

not

mak

e or r

ende

r (EF

AL) l

iable

in an

y man

ner w

hatso

ever

& (E

FAL)

or a

ny o

f the

ir of

ficer

s, em

ploye

es, p

erso

nnel,

dire

ctors

shall

not

be

liable

for a

ny lo

ss, d

amag

e, lia

bility

wha

tsoev

er fo

r any

dire

ct or

indir

ect lo

ss

arisi

ng fr

om th

e us

e or

acc

ess o

f any

info

rmat

ion th

at m

ay b

e dis

playe

d in

this

publi

catio

n fo

rm tim

e to

time.

Rec

ipien

ts of

the

infor

mat

ion co

ntain

ed h

erein

shou

ld ex

ercis

e du

e ca

re a

nd ca

ution

and

read

the

Sche

me

infor

mat

ion D

ocum

ent(s

) and

Sta

tem

ent o

f Add

itiona

l info

rmat

ion (i

nclud

ing if

nece

ssar

y, ob

taini

ng th

e ad

vice

of ta

x/ leg

al/ac

coun

ting/

finan

cial/ o

ther

pro

fess

ionals

) prio

r to

takin

g of

any

dec

ision

, acti

ng o

r om

itting

to a

ct, on

the b

asis

of th

e inf

orm

ation

cont

ained

here

in.

CARE

Rat

ing

Meth

odol

ogy:

Ess

el Liq

uid F

und,

Ess

el Ul

tra S

hort

Term

Fun

d hav

e bee

n ass

igned

“Cre

dit R

isk R

ating

AAA

mfs”

by C

ARE

Ratin

g (Cr

edit A

nalys

is an

d Res

earc

h Lim

ited)

CAR

E’s f

und c

redit

quali

ty ra

tings

are o

pinion

s on t

he ov

erall

cred

it qua

lity of

spec

ific de

bt m

utua

l fund

. The

ratin

g cap

ture

s fun

d’s ov

erall

expo

sure

to de

fault

ris

k. CA

RE us

es th

e con

cept

of cr

edit s

core

s, as

signe

d to i

ndivi

dual

secu

rities

, as p

er cr

edit s

corin

g mat

rix de

velop

ed by

CAR

E. Th

e sco

re is

esse

ntial

ly a f

uncti

on of

the c

redit

quali

ty an

d rat

ing of

secu

rity a

nd its

inte

rnal

resid

ual m

atur

ity. T

he ra

ting i

nclud

es as

sess

men

t of v

ariou

s qua

litativ

e fac

tors

inclu

ding m

anag

emen

t qua

lity an

d man

agem

ent

infor

mat

ion sy

stem

s and

risk m

anag

emen

t sys

tem

s in v

ariou

s ope

ratio

nal a

reas

. CAR

E re

views

the r

elate

d mut

ual fu

nd on

an on

going

bas

is to

supp

ort it

s pub

lishe

d ra

ting

opini

ons.

A de

taile

d m

etho

dolog

y can

be

sour

ced

from

www

.care

ratin

gs.co

m o

r Cre

dit A

nalys

is &

Rese

arch

Ltd.

Stat

utor

y det

ails:

Ess

el M

utua

l Fun

d ha

s bee

n es

tabli

shed

as a

Tru

st un

der t

he In

dian T

rusts

Act,

188

2, sp

onso

red

by E

ssel

MF

Trus

tee

Limite

d (lia

bility

restr

icted

to `

1 La

kh) (

form

erly

Peer

less T

rust

Man

agem

ent C

ompa

ny L

imite

d(lia

bility

restr

icted

to `

1 La

kh)

Trus

tee:

Ess

el M

F Tr

uste

e Lim

ited

(form

erly

Peer

less T

rust

Man

agem

ent C

ompa

ny L

imite

d (lia

bility

restr

icted

to `

1 La

kh))

Inve

stm

ent M

anag

er: E

ssel

Fina

nce A

MC

Limite

d (th

e AM

C) (f

orm

erly

Peer

less F

unds

Man

agem

ent C

o. L

td.(P

FMCL

))

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 LOW

Investors 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 fixed income securities and with 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 fixed income securities, Gold Exchange traded 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 diversified 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 benefit)

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

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: U65990WB2009PLC134537Investment & 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 5158Branches/Customer Service Centres : EAST - AGARTALA: Agartala branch, Saha building, C/o late Rajmohan Saha, Durgabari Lane, Agartala, Tripura (West), Pin-799 001, *CONTAI: Vill: Dhandighi ,Holding No.: 359/351, 1st Floor, P.O. & P.S.: Contai, Pin : 721401,West Bengal, DURGAPUR: Unit NoA-212,Kamdhenu Commercial 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, Kolkata 700 069, 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, THANE: 503, Ace business center near Navnit motor,Gokul Nagar, Above PNB bank.Thane west 400607, BARODA: First Floor, Iplex India Pvt Ltd. Above Spencers Mall, Besides Vadodara Central, Genda Circle, Vadodara-390007 *AHMEDABAD: 503, Silicon Tower, Nr. Samarthehwar Mahadev Temple Opp. Axis Bank Lane, Law Garden Ahmedabad - 380006, NASHIK: 57Karankala Bungalow, Shop No. 2, Opp Old NMC Pandit Colony Nashik-422002, 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: F 101-102, First Floor, City Pearl, Vidhayak Puri road, Opp. Gangaur Hotel, Jaipur-302001, CHANDIGARH: Cabin No. 2, Magnet CoWork Plot No 129/1 (Opp. Hyatt),Industrial Area, Phase 1, Chandigarh-160002, KANPUR: Essel Finance AMC Ltd, Office No 111, 1st floor, 14/113 Kan Chamber, Kanpur-208001.SOUTH - *BANGALORE: The Premium Office, #3, Manandi Plaza, 3rd Floor, St. Mark’s Road, Shanthala Nagar, Ashok Nagar, Bengaluru, Karnataka-560001, *CHENNAI: (Essel VKC Forex) no 11 A, 2nd Floor, Sriman Srinivasan Iyengar, 1st Cross Street, Teynampet, Chennai - 600018 *COIMBATORE: Essel Finance AMC Limited (An Essel Finance Co.), 196/8, Aishwarya Commercial Centre, T.V. Samy Road West, RS Puram Coimbatore - 641002, *HYDERABAD: Moin Court, 6-2-46,A.C Guard, Masabtank, Hyderabad-500004.* Note : These locations are Official Points of Acceptance.Registrar and Transfer Agent : Karvy Fintech Pvt. Ltd. KARVY SELENIUM, Plot number 31 & 32, Tower B, Survey No. 115/22, 115/24 & 115/25, Financial District, Gachibowli, Nanakramguda, Serlingampally Mandal Hyderabad - 500032 Telangana

ESSEL MUTUAL FUND OFFICES

LIST OF POINT OF ACCEPTANCES OF KARVY FINTECH PRIVATE LIMITED (FORMERLY KARVY COMPUTERSHARE PRIVATE LIMITED)• 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.• ALLEPPY: 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: 1St 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 Bengal.• 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 Motor,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,Maharashthra.• 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 Kapilaz,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, Janjeerwala 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 Complex,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 Complex,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 Complex,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 Appatment,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.

Quick Connect

www.esselfinance.com Toll free : 1800 103 8999 [email protected]

ww

w.w

este

rnpr

ess.

in

Documents

July, 2019The month of July saw Sensex & Nifty 50 posting negative returns, down 4.86% & 5.69% respectively. In line with the broad indices performance, S&P BSE Midcap index was down