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Category Summary on RMF Equity schemes categorization as per SEBI EQUITY Large & Mid Cap Fund Large Cap Fund Thematic(following a factor-based model) Balanced Advantage Fund Index Mid Cap Fund Focused Fund Small Cap Fund Value Fund Multi Cap Fund Aggressive Hybrid Fund Equity Savings Sectoral Thematic Thematic Sectoral ELSS Arbitrage Fund Thematic (International) FIXED INCOME Liquid

Ultra Short Term

Short Term Long Term

Dynamic Gilt MIP ETF ETF - Equity

ETF - Fixed Income GOLD Gold - ETF FOF - Domestic RETIREMENT Retirement - Equity Retirement - Fixed Income SIP Returns of Select Schemes Brief on the new securities included in the portfolio of Debt Funds Fund Management Team Scheme Performance Scheme Performance - Fund Manager Wise Funds at a Glance Disclaimers, Statutory Details & Risk Factors How to Read Factsheet

Fund Name

Abbreviation

Page No. 3

Reliance Vision Fund Reliance Large Cap Fund (formerly known as Top 200 Fund) Reliance Quant Fund (formerly known as Reliance Quant Plus Fund) Reliance Balanced Advantage Fund (formerly known as Reliance NRI Equity Fund) Reliance Index Fund - Nifty Plan Reliance Index Fund - Sensex Plan Reliance Growth Fund Reliance Focused Equity Fund (formerly known as Reliance Mid & Small Cap Fund) Reliance Small Cap Fund Reliance Value Fund (formerly known as Reliance Regular Savings Fund - Equity Option) Reliance Multi Cap Fund (formerly known as Reliance Equity Opportunities Fund) Reliance Equity Hybrid Fund (formerly known as Reliance Regular Savings Fund Balanced Option) Reliance Equity Savings Fund Reliance Banking Fund Reliance Power & Infra Fund (formerly known as Reliance Diversified Power Sector Fund) Reliance Consumption Fund (formerly known as Reliance Media & Entertainment Fund) Reliance Pharma Fund Reliance Tax Saver (ELSS) Fund Reliance Arbitrage Fund (formerly known as Reliance Arbitrage Advantage Fund) Reliance Japan Equity Fund Reliance US Equity Opportunitues Fund

RVF RLCF RQF RBAF RIF-NP RIF-SP RGF RFEF RSCF RVALUEF RMCF REHF

4 5 6 7 8 9 10 11 12 13 14 15

RESF RBF RPIF RCF RPF RTSF RAF RJEF RUSEOF

16 17 17 18 18 19 20 21 22

Reliance Liquidity Fund Reliance Liquid Fund - Treasury Plan Reliance Liquid Fund - Cash Plan Reliance Money Manager Fund Reliance Medium Term Fund Reliance Banking & PSU Debt Fund Reliance Floating Rate Fund - Short Term Plan Reliance Short Term Fund Reliance Regular Savings Fund - Debt Option Reliance Corporate Bond Fund Reliance Income Fund Reliance Dynamic Bond Fund Reliance Gilt Securities Fund Reliance Monthly Income Plan

RLQF RLF-TP RLF-CP RMMF RMTF RBPSUDF RFRF-STP RSTF RRSF-D RCBF RIF RDBF RGSF RMIP

23 24 25 26 27 28 29 30 31 32 33 34 35 36

Reliance ETF Nifty BeES Reliance ETF Sensex Reliance ETF NV20 Reliance ETF Junior BeES Reliance ETF Nifty 100 Reliance ETF Consumption Reliance ETF Dividend Opportunities Reliance ETF Infra BeES Reliance ETF Bank BeES Reliance ETF PSU Bank BeES Reliance ETF Shariah BeES Reliance ETF Hang Seng BeES CPSE ETF Reliance ETF Liquid BeES Reliance ETF Long Term Gilt

NIFTYBEES RELSENSEX RELNV20 JUNIORBEES RELCNX100 RELCONS RELDIVOPP INFRABEES BANKBEES PSUBNKBEES SHARIABEES HNGSNGBEES CPSEETF LIQUIDBEES RRSLGETF

37 38 39 40 41 42 43 44 45 46 47 48 49 50 50

Reliance ETF Gold BeES Reliance Gold Savings Fund

GOLDBEES RGOLDSF

51 51

Reliance Retirement Fund - Wealth Creation Scheme Reliance Retirement Fund - Income Generation Scheme

RRF-WC RRF-IG

52 53 54 54 55 56 64 67 74

Scheme Recategorization Pursuant to the SEBI Circular on “Scheme Categorization and Rationalization of Mutual Fund Schemes”, please find below the Categorization of equity scheme. Equity / Equity Oriented Hybrid Schemes S No

Old Scheme Name

New Scheme Name

New Category

1

Reliance Top 200 Fund

Reliance Large Cap Fund

Large Cap Fund

2

Reliance Vision Fund

Reliance Vision Fund

Large & Mid Cap Fund

3

Reliance Equity Opportunities Fund

Reliance Multi Cap Fund

Multi Cap Fund

4

Reliance Growth Fund

Reliance Growth Fund

Mid Cap Fund

5

Reliance Focused Large Cap Fund (merged into) Reliance Mid & Small Cap Fund

Reliance Focused Equity Fund

Focused Fund

6

Reliance Small Cap Fund

Reliance Small Cap Fund

Small Cap Fund

7

Reliance Regular Savings Fund - Equity Option

Reliance Value Fund

Value Fund

8

Reliance Tax Saver (ELSS) Fund

Reliance Tax Saver (ELSS) Fund

ELSS

9

Reliance Retirement Fund – Wealth Creation Scheme

Reliance Retirement Fund – Wealth Creation Scheme

Retirement Fund

10

Reliance Banking Fund

Reliance Banking Fund

Sectoral

11

Reliance Pharma Fund

Reliance Pharma Fund

Sectoral

12

Reliance Diversified Power Sector Fund

Reliance Power & Infra Fund

Thematic

13

Reliance Media & Entertainment Fund

Reliance Consumption Fund

Thematic

14

Reliance Quant Plus Fund

Reliance Quant Fund

Thematic (following a factor-based model)

15

Reliance Japan Equity Fund

Reliance Japan Equity Fund

Thematic (International)

16

Reliance US Equity Opportunities Fund

Reliance US Equity Opportunities Fund

Thematic (International)

17

Reliance Arbitrage Advantage Fund

Reliance Arbitrage Fund

Arbitrage Fund

18

Reliance Equity Savings Fund

Reliance Equity Savings Fund

Equity Savings

19

Reliance NRI Equity Fund

Reliance Balanced Advantage Fund

Balanced Advantage Fund

20

Reliance Regular Savings Fund - Balanced Option

Reliance Equity Hybrid Fund

Aggressive Hybrid Fund

Fundamentals

May 2018

3

Reliance Vision Fund

RVF Portfolio as on April 30, 2018

Large and Mid Cap Fund

Company/Issuer

Details as on April 30, 2018

% of Assets

Auto

Type of Scheme

TVS Motor Company Limited*

7.96

An open ended equity scheme investing in both large cap and mid cap stock

Tata Motors Limited*

7.25

Auto Ancillaries Federal-Mogul Goetze (India) Limited.

1.03

Banks

Current Investment Philosophy Reliance Vision is an open ended equity scheme investing in both large cap and mid cap stocks. The fund attempts to invest in high quality businesses who are market leaders in their respective sectors, with a proven track record across market conditions. Large cap stocks endeavor to provide stability & liquidity to the portfolio and mid caps allocation can potentially generate relatively better returns. Backed by Fund Management expertise & growth oriented strategy, the fund endeavors to generate relatively better risk adjusted returns over the long term.

State Bank of India*

9.19

HDFC Bank Limited*

4.04

ICICI Bank Limited

3.41

Canara Bank

2.55

Punjab National Bank

1.78

Cement Ambuja Cements Limited*

4.74

Chemicals Linde India Limited

1.80

Construction Project Larsen & Toubro Limited*

4.55

Ferrous Metals

Date of Allotment

Tata Steel Limited*

October 8, 1995

SBI Life Insurance Company Limited

8.87

Finance 3.37

Company/Issuer Industrial Capital Goods Honeywell Automation India Limited* ABB India Limited* GE T&D India Limited Bharat Heavy Electricals Limited Siemens Limited Thermax Limited Industrial Products Bharat Forge Limited Non - Ferrous Metals Vedanta Limited Petroleum Products Bharat Petroleum Corporation Limited Pharmaceuticals Divi's Laboratories Limited Power Torrent Power Limited Software Infosys Limited* Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

% of Assets 5.55 4.31 2.72 1.99 1.38 1.06 2.66 1.59 2.80 2.36 1.51 6.39 4.15 1.00 100.00 *Top 10 Holdings

Fund Manager Ashwani Kumar

SIP - If you invested ` 10000 every month in RVF

Benchmark S&P BSE 250 LargeMidcap (w.e.f Apr 28, 2018)

Fund Size Monthly Average: ` 3,341.89 Cr Month End: ` 3,378.23 Cr

NAV as on April 30, 2018 Growth Plan Dividend Plan Bonus Option Institutional Dividend Plan Direct - Growth Plan Direct - Dividend Plan Direct - Bonus Option

` 556.1733 ` 42.9460 ` 93.6700 ` 277.0613 ` 575.7903 ` 45.0562 ` 97.6238

Total Amount Invested (`) Market Value (`) Scheme Return (%) B: S&P BSE 250 LargeMidcap (TRI) Return (%) AB: S&P BSE Sensex (TRI) Return (%) Inception Date: October 8, 1995

Since Inception 2,710,000 41,984,840 20.35 N.A. N.A.

20 Years 2,400,000 26,293,498 20.51 N.A. N.A.

10 Years 1,200,000 2,370,680 13.12 14.60 12.83

5 Years 600,000 855,861 14.33 16.32 13.49

3 Years 360,000 425,040 11.29 17.67 15.85

1 Year 120,000 118,760 -2.01 15.07 16.96

N.A : Since TRI data is not available prior to 29/02/2008 & 31/05/2007 for S&P BSE 250 LargeMidcap & S&P BSE Sensex respectively, performance for such period is not provided. Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66

Dividend History

Industry Allocation Record Date

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

12-Jan-18

5.25

53.6003

48.3503

13-Jan-17

4.25

43.2931

39.0431

15-Jan-16

4.50

40.9070

36.4070

Dividend Plan

Volatility Measures Standard Deviation Beta Sharpe Ratio

15 Years 1,800,000 6,034,987 14.80 N.A. N.A.

4.54 1.04 0.06

Direct - Dividend Plan

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

12-Jan-18

5.25

55.8667

50.6167

13-Jan-17

4.25

44.6611

40.4111

Portfolio Turnover (Times)

15-Jan-16

4.50

41.7853

37.2853

1.23

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Expense Ratio^ Regular/Other than Direct

2.03

Direct

1.38

Load structure Entry Load: Nil Exit Load: (w.e.f. Feb 1, 2018) 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — investment in equity and equity related instruments of large cap & mid cap companies through a research based approach

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

4

May 2018

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

Investors understand that their principal will be at Moderately High risk

Fundamentals

Reliance Large Cap Fund (formerly known as Reliance Top 200 Fund)

RLCF

Portfolio as on April 30, 2018

Large Cap Fund Details as on April 30, 2018 Type of Scheme An open ended equity scheme predominantly investing in large cap stocks

Current Investment Philosophy Reliance Large Cap Fund is a large cap fund predominantly investing in stocks of top 100 companies by full market capitalization. Large cap stocks endeavor to provide stability & liquidity to the portfolio. It endeavors to generate alpha while owning best of the index companies. It endeavors to invest in leaders or potential leaders with established business models & sustainable free cash flows. It endeavors to invest in growth companies at a reasonable valuation & with high return on equity. It invests in emerging large cap companies which have an established business model with a proven management track record and a potential to generate high cash flows.

Date of Allotment August 8, 2007

Fund Manager

Company/Issuer Auto Tata Motors Limited Mahindra & Mahindra Limited Ashok Leyland Limited Auto Ancillaries Bosch Limited Amara Raja Batteries Limited Banks State Bank of India* HDFC Bank Limited* Axis Bank Limited* ICICI Bank Limited* Kotak Mahindra Bank Limited Cement ACC Limited Construction Project Larsen & Toubro Limited* NCC Limited Consumer Non Durables ITC Limited* United Breweries Limited Ferrous Metals Tata Steel Limited* Finance Bajaj Finance Limited ICICI Lombard General Insurance Company Limited Cholamandalam Investment and Finance Company Limited Max Financial Services Limited SBI Life Insurance Company Limited Gas GAIL (India) Limited

% of Assets 2.42 2.31 1.09 2.40 1.23 6.26 5.96 3.16 2.99 2.34 2.42 4.56 1.36 4.87 1.28 2.84 2.62 1.62 1.60 1.39 1.21 1.82

Company/Issuer Petronet LNG Limited Hotels, Resorts And Other Recreational Activities The Indian Hotels Company Limited Industrial Capital Goods ABB India Limited Industrial Products Cummins India Limited* Bharat Forge Limited Petroleum Products Indian Oil Corporation Limited Bharat Petroleum Corporation Limited Castrol India Limited Pharmaceuticals Divi's Laboratories Limited* Dr. Reddy's Laboratories Limited Aurobindo Pharma Limited Cipla Limited Sun Pharmaceutical Industries Limited Software Infosys Limited* Tata Consultancy Services Limited Telecom - Services Bharti Airtel Limited Certificate of Deposit The South Indian Bank Limited Commercial Paper Housing Development Finance Corporation Limited Equity Less Than 1% of Corpus Derivatives, Cash and Other Receivables Grand Total

Sailesh Raj Bhan, Ashwani Kumar (till May 6, 2018)

% of Assets 1.38 1.27 2.54 2.98 1.73 2.48 1.97 1.52 2.82 1.61 1.31 1.24 1.07 3.66 2.16 1.83 1.00 1.00 0.48 0.48 6.76 2.45 100.00 *Top 10 Holdings

SIP - If you invested ` 10000 every month in RLCF Benchmark Total Amount Invested (`) Market Value (`) Scheme Return (%) B: S&P BSE 100 (TRI) Return (%) AB: S&P BSE Sensex (TRI) Return (%) Inception Date: August 8, 2007

S&P BSE 100 (w.e.f Apr 28, 2018)

Fund Size Monthly Average: ` 9,173.52 Cr Month End: ` 9,832.83 Cr

NAV as on April 30, 2018 Growth Plan Dividend Plan Bonus Option Institutional Bonus Option Direct - Growth Plan Direct - Dividend Plan Direct - Bonus Option

` ` ` ` ` ` `

32.7888 16.3300 32.7888 33.8611 34.3610 20.7312 34.3610

Since Inception 1,290,000 2,993,111 14.93 N.A. N.A.

3 Years 360,000 455,576 16.20 16.44 15.85

1 Year 120,000 126,484 10.73 13.90 16.96

Dividend History

Industry Allocation Record Date

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

23-Apr-18

0.15

16.2958

16.1258

21-Mar-18

0.17

15.7113

15.5413

23-Feb-18

0.17

16.8430

16.6730

23-Apr-18

0.15

20.6385

20.4685

21-Mar-18

0.17

19.8325

19.6625

23-Feb-18

0.17

21.2011

21.0311

Dividend Plan

4.26 1.01 0.12

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

5 Years 600,000 916,719 17.16 14.71 13.49

N.A : Since TRI data is not available prior to 29/06/2007 & 31/05/2007 for S&P BSE 100 & S&P BSE Sensex respectively, performance for such period is not provided. Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Grow0th option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Volatility Measures Standard Deviation Beta Sharpe Ratio

10 Years 1,200,000 2,724,711 15.73 13.57 12.83

Direct - Dividend Plan

1.12

Expense Ratio^ Regular/Other than Direct

1.98

Direct

1.12

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Load structure Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment predominantly into equity and equity related instruments of large cap companies

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at Moderately High risk

May 2018

5

Reliance Quant Fund (formerly known as Reliance Quant Plus Fund) Thematic (following a factor based model)

RQF

Portfolio as on April 30, 2018

Details as on April 30, 2018

Company/Issuer

% of Assets

Type of Scheme

Hero MotoCorp Limited

4.74

GAIL (India) Limited

An open ended equity scheme investing in quant model theme

Maruti Suzuki India Limited

4.71

Non - Ferrous Metals

Auto

Current Investment Philosophy Actively managed fund + Scientific approach + Expertise + Back test = Reliance Quant Fund. Reliance Quant is an actively managed investment fund that approaches stock selection process based on a proprietary system-based model. The model would shortlist 30-35 S&P BSE 200 stocks through a screening mechanism at pre-determined intervals, i.e. on quarterly basis. Stocks are selected on basis of parameters like valuation, earnings, price, momentum & quality.

Date of Allotment April 18, 2008

Company/Issuer

% of Assets

Gas

Banks

4.67

Vedanta Limited*

IndusInd Bank Limited*

5.28

Pesticides

Kotak Mahindra Bank Limited*

5.25

UPL Limited

HDFC Bank Limited

4.90

Construction Project Larsen & Toubro Limited*

5.10

Consumer Non Durables Hindustan Unilever Limited*

5.36

Ferrous Metals Tata Steel Limited*

4.92

Finance

5.01

4.67

Petroleum Products Indian Oil Corporation Limited

4.45

Hindustan Petroleum Corporation Limited

3.98

Software Tata Consultancy Services Limited*

5.73

HCL Technologies Limited*

5.27

Tech Mahindra Limited*

5.17 4.78

Bajaj Finance Limited*

5.14

Infosys Limited

Indiabulls Housing Finance Limited

4.86

Cash and Other Receivables

4.84

Grand Total

Housing Development Finance Corporation Limited

1.18 100.00 *Top 10 Holdings

Fund Manager Ashutosh Bhargava

SIP - If you invested ` 10000 every month in RQF

Benchmark S&P BSE 200 (w.e.f Apr 28, 2018)

Since Inception

5 Years

3 Years

1 Year

Total Amount Invested (`)

1,210,000

600,000

360,000

120,000

Market Value (`)

126,564

2,245,890

817,501

444,781

Scheme Return (%)

11.85

12.46

14.49

10.87

B: S&P BSE 200 (TRI) Return (%)

14.23

15.95

17.28

14.85

Monthly Average: ` 27.64 Cr

AB: S&P BSE Sensex (TRI) Return (%)

12.77

13.49

15.85

16.96

Month End: ` 28.37 Cr

Inception Date: April 18, 2008

Fund Size

NAV as on April 30, 2018 Growth Plan Dividend Plan Bonus Option Direct - Growth Plan Direct - Dividend Plan Direct - Bonus Option

` ` ` ` ` `

25.6375 13.6678 25.6375 26.4690 15.2283 26.4690

Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Dividend History

Industry Allocation Record Date

3.84 0.92 0.08

Ex-Dividend NAV

24-Jun-15

4.20

14.6973

10.4973

15-Feb-13

1.00

11.6059

10.6059

24-Mar-11

2.50

13.2676

11.1021

4.70

16.3432

11.6432

Direct - Dividend Plan

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

Cum Dividend NAV

Dividend Plan

Volatility Measures Standard Deviation Beta Sharpe Ratio

Rate (`/ Unit)

24-Jun-15

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

1.27

Expense Ratio^ Regular/Other than Direct

1.09

Direct

0.39

Load structure Entry Load: Nil Exit Load: 0.25% if redeemed or switched out on or before completion of 1 month from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in active portfolio of stocks selected on the basis of a mathematical model.

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

6

May 2018

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

Investors understand that their principal will be at High risk

Fundamentals

Reliance Balanced Advantage Fund (formerly known as Reliance NRI Equity Fund)

RBAF

Portfolio as on April 30, 2018

Balanced Advantage Fund Details as on April 30, 2018

Company/Issuer

% of Assets

Type of Scheme

Maruti Suzuki India Limited*

An Open Ended Dynamic Asset Allocation Fund

Auto Ancillaries

Auto

Company/Issuer

% of Assets

Ferrous Metals 5.50

Tata Steel Limited

2.40

Finance

MRF Limited*

4.53

Housing Development Finance Corporation Limited*

4.98

Bosch Limited

2.20

Bajaj Finance Limited

2.16

Reliance Balanced Advantage Fund attempts to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity and active use of debt, money market instruments and derivatives. A model based Dynamic Asset Allocation Fund that aims to offer Triple Benefits of 1. Emotion Free Asset Allocation through Model Based Asset Allocation, 2. Lowers downside risk through hedging and 3. Long Term Alpha – through Active Stock selection and Sector. The fund follows an in-house proprietary Model (which follows Valuations & Trend Following) to determine unhedged equity allocation. The fund maintains a large cap oriented portfolio diversified across sectors. Debt portfolio is managed conservatively, focused at the shorter end through investment in a combination of liquid and short term fixed income securities.

Exide Industries Limited

1.97

Gas

Motherson Sumi Systems Limited

1.21

GAIL (India) Limited

Date of Allotment

Consumer Non Durables

November 15, 2004

ITC Limited*

Current Investment Philosophy

Banks

1.32

Hotels, Resorts And Other Recreational Activities

HDFC Bank Limited*

10.45

The Indian Hotels Company Limited*

4.03

Kotak Mahindra Bank Limited*

4.49

Industrial Products

ICICI Bank Limited

3.54

Cummins India Limited

Yes Bank Limited

2.26

Non - Ferrous Metals

State Bank of India

2.10

Vedanta Limited

2.37

Hindustan Zinc Limited

2.27

Cement Grasim Industries Limited*

4.65

Pharmaceuticals

ACC Limited*

3.78

Cipla Limited

Construction Project

1.74

2.07

Software

Larsen & Toubro Limited*

5.56

Infosys Limited

3.66

Cash and Other Receivables 5.26

15.52

Grand Total

100.00 *Top 10 Holdings

Fund Manager Meenakshi Dawar (till May 6, 2018) (Manish Gunwani, Ashutosh Bhargava (Co-Fund Manager) w.e.f. May 7, 2018)

Benchmark CRISIL Hybrid 35+65 - Aggressive Index

Fund Size

Total Amount Invested (`) Market Value (`) Scheme Return (%) B: CRISIL Hybrid 35+65 - Aggressive Index Return (%) AB: S&P BSE Sensex (TRI) Return (%) Inception Date: November 15, 2004

Since Inception 1,620,000 4,527,551 14.18 11.83 N.A.

Month End: ` 88.21 Cr

NAV as on April 30, 2018 ` ` ` ` `

86.6932 27.2443 86.6932 89.4564 31.2611

3 Years 360,000 433,864 12.74 13.43 15.85

1 Year 120,000 124,182 6.88 9.78 16.96

Dividend History

Industry Allocation Record Date

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

Dividend Plan

4.01 1.45 0.08

0.36

2.68

Direct

2.08

2.50

24.7622

22.2622

2.50

23.6110

21.1110

23-Jan-15

2.50

29.2166

26.7166

20-Jan-17

2.50

27.8491

25.3491

22-Jan-16

2.50

26.0809

23.5809

23-Jan-15

2.50

31.8622

29.3622

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Expense Ratio^ Regular/Other than Direct

20-Jan-17 22-Jan-16 Direct - Dividend Plan

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

5 Years 600,000 836,740 13.41 13.25 13.49

Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Volatility Measures Standard Deviation Beta Sharpe Ratio

10 Years 1,200,000 2,505,142 14.16 12.31 12.83

N.A : Since TRI data is not available prior to 31/05/2007 for S&P BSE Sensex respectively, performance for such period is not provided.

Monthly Average: ` 86.82 Cr

Growth Plan Dividend Plan Bonus Option Direct - Growth Plan Direct - Dividend Plan

SIP - If you invested ` 10000 every month in RBAF

Load structure Entry Load: Nil Exit Load: (w.e.f Apr 28, 2018) 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, thereafter.

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity & equity related instruments, debt, money market instruments and derivatives *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately High risk

May 2018

7

Reliance Index Fund - Nifty Plan

RIF-NP Portfolio as on April 30, 2018

Index Fund Details as on April 30, 2018 Type of Scheme An open ended scheme replicating / tracking Nifty 50.

Current Investment Philosophy The Scheme employs an investment approach designed to track the performance of Nifty 50 Index. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty 50 Index in same proportion as in the Index.

Date of Allotment September 28, 2010

Fund Manager Payal Wadhwa Kaipunjal

Benchmark Nifty 50

Company/Issuer Auto Maruti Suzuki India Limited* Mahindra & Mahindra Limited Tata Motors Limited Hero MotoCorp Limited Banks HDFC Bank Limited* ICICI Bank Limited* Kotak Mahindra Bank Limited* IndusInd Bank Limited State Bank of India Axis Bank Limited Yes Bank Limited Cement Grasim Industries Limited UltraTech Cement Limited Construction Project Larsen & Toubro Limited* Consumer Non Durables ITC Limited* Hindustan Unilever Limited Asian Paints Limited Ferrous Metals Tata Steel Limited

% of Assets 2.76 1.92 1.48 1.14 9.39 4.31 3.81 2.28 2.16 2.10 1.57 1.02 1.01 4.07 5.67 2.54 1.28 1.09

Company/Issuer Finance Housing Development Finance Corporation Limited* Bajaj Finance Limited Non - Ferrous Metals Vedanta Limited Oil Oil & Natural Gas Corporation Limited Petroleum Products Reliance Industries Limited* Pharmaceuticals Sun Pharmaceutical Industries Limited Power NTPC Limited Power Grid Corporation of India Limited Software Infosys Limited* Tata Consultancy Services Limited* HCL Technologies Limited Telecom - Services Bharti Airtel Limited Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

% of Assets 7.44 1.07 1.31 1.20 7.83 1.38 1.27 1.10 5.37 4.15 1.38 1.27 15.32 0.30 100.00 Top 10 Holdings

Fund Size Monthly Average: ` 130.87 Cr

SIP - If you invested ` 10000 every month in RIF-NP

Month End: ` 127.05 Cr Total Amount Invested (`)

NAV as on April 30, 2018 Growth Plan Quarterly Dividend Plan Half Yearly Dividend Plan Annual Dividend Plan Bonus Option Direct - Growth Plan Direct - Quarterly Dividend Plan Direct - Half Yearly Dividend Plan Direct - Annual Dividend Plan Direct - Bonus Option

Market Value (`)

` ` ` ` ` ` ` ` ` `

17.8753 17.8753 17.8753 17.8753 17.8753 18.3403 18.3403 18.3403 18.3403 18.3403

Volatility Measures Standard Deviation Beta Sharpe Ratio

3.96 0.98 0.08

Since Inception

5 Years

3 Years

1 Year

910,000

600,000

360,000

120,000 127,729

1,434,487

814,384

441,890

Scheme Return (%)

11.83

12.30

14.03

12.83

B: Nifty 50 (TRI) Return (%)

13.01

13.67

15.54

14.20

AB: S&P BSE Sensex (TRI) Return (%)

12.96

13.49

15.85

16.96

Inception Date: September 28, 2010 Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Industry Allocation

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

0.40

Tracking Error

0.31

@

Expense Ratio^ Regular/Other than Direct

0.85

Direct

0.25

Load structure Entry Load: Nil Exit Load: 0.25% if redeemed or switched out on or before completion of 7 days from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities and portfolios replicating the composition of the Nifty 50, subject to tracking errors.

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

8

May 2018

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

Investors understand that their principal will be at Moderately High risk

Fundamentals

Reliance Index Fund - Sensex Plan

RIF-SP Portfolio as on April 30, 2018

Index Fund Details as on April 30, 2018 Type of Scheme An open ended scheme replicating/tracking S&P BSE Sensex.

Current Investment Philosophy The Scheme employs an investment approach designed to track the performance of S&P BSE Sensex Index. The Scheme seeks to achieve this goal by investing in securities constituting the S&P BSE Sensex Index in same proportion as in the Index.

Date of Allotment September 28, 2010

Fund Manager Payal Wadhwa Kaipunjal

Benchmark

Company/Issuer Auto Maruti Suzuki India Limited* Mahindra & Mahindra Limited Tata Motors Limited Hero MotoCorp Limited Bajaj Auto Limited Banks HDFC Bank Limited* ICICI Bank Limited* Kotak Mahindra Bank Limited* IndusInd Bank Limited Axis Bank Limited State Bank of India Yes Bank Limited Construction Project Larsen & Toubro Limited* Consumer Non Durables ITC Limited* Hindustan Unilever Limited Asian Paints Limited Ferrous Metals Tata Steel Limited

% of Assets 3.38 2.35 2.12 1.40 1.16 11.42 5.26 4.12 2.79 2.72 2.64 1.91

Company/Issuer Finance

% of Assets

Housing Development Finance Corporation Limited*

9.00

Minerals/Mining Coal India Limited

1.07

Oil Oil & Natural Gas Corporation Limited

1.47

Petroleum Products Reliance Industries Limited*

8.98

Pharmaceuticals Sun Pharmaceutical Industries Limited

1.65

Power NTPC Limited

1.51

Power Grid Corporation of India Limited

1.32

Software

4.92

Infosys Limited*

6.58

Tata Consultancy Services Limited*

5.07

6.92 3.11 1.56

Telecom - Services

1.33

Bharti Airtel Limited

1.32

Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

2.60 0.32 100.00 *Top 10 Holdings

S&P BSE Sensex

Fund Size

SIP - If you invested ` 10000 every month in RIF-SP

Monthly Average: ` 6.49 Cr Total Amount Invested (`)

Month End: ` 6.34 Cr

Market Value (`)

NAV as on April 30, 2018 Growth Plan Quarterly Dividend Plan Half Yearly Dividend Plan Annual Dividend Plan Bonus Option Direct - Growth Plan Direct - Quarterly Dividend Plan Direct - Half Yearly Dividend Plan Direct - Annual Dividend Plan Direct - Bonus Option

` ` ` ` ` ` ` ` ` `

17.2648 17.2648 17.2648 17.2648 17.2649 17.6801 17.6801 17.6801 17.6801 17.6801

Since Inception

5 Years

3 Years

1 Year

910,000

600,000

360,000

120,000 129,686

1,416,975

809,112

445,367

Scheme Return (%)

11.51

12.04

14.58

16.16

B: S&P BSE Sensex (TRI) Return (%)

12.96

13.49

15.85

16.96

AB: Nifty 50 (TRI) Return (%)

13.01

13.67

15.54

14.20

Inception Date: September 28, 2010 Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Industry Allocation Volatility Measures Standard Deviation Beta Sharpe Ratio

3.82 0.95 0.08

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

0.83

Tracking Error

0.50

@

Expense Ratio^ Regular/Other than Direct

0.85

Direct

0.25

Load structure Entry Load: Nil Exit Load: 0.25% if redeemed or switched out on or before completion of 7 days from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities and portfolios replicating the composition of the sensex, subject to tracking errors.

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at Moderately High risk

May 2018

9

Reliance Growth Fund

RGF Portfolio as on April 30, 2018

Mid Cap Fund Details as on April 30, 2018 Type of Scheme Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks

Current Investment Philosophy The Fund endeavors to invest in mid cap companies that have the potential to substantially increase their profitability and have consistent track record. The fund focuses on identifying potential market leaders at an early stage with a view to create long term alpha. The fund attempts to identify growth stocks that are available at reasonable valuation, thus adopting a Growth at Reasonable Price (GARP) style for investing.

Date of Allotment October 8, 1995

Fund Manager Manish Gunwani

Benchmark S&P BSE MidCap (w.e.f Mar 27, 2018)

Fund Size

Company/Issuer Auto Ancillaries Motherson Sumi Systems Limited Apollo Tyres Limited MRF Limited Banks Axis Bank Limited Yes Bank Limited The Federal Bank Limited RBL Bank Limited Chemicals Tata Chemicals Limited* Construction Oberoi Realty Limited Consumer Durables HSIL Limited* Consumer Non Durables Varun Beverages Limited* United Breweries Limited Godrej Agrovet Limited Finance Muthoot Finance Limited* Bharat Financial Inclusion Limited* Cholamandalam Investment and Finance Company Limited* Shriram City Union Finance Limited Bajaj Finserv Limited TI Financial Holdings Limited Max Financial Services Limited Mahindra & Mahindra Financial Services Limited Gas Gujarat State Petronet Limited Industrial Products Cummins India Limited Minerals/Mining NMDC Limited Miscellaneous Orient Electric Limited Non - Ferrous Metals National Aluminium Company Limited*

% of Assets 1.60 1.49 1.11 1.69 1.51 1.48 1.08 2.15 1.07 2.07 3.23 1.77 1.22 3.42 2.66 2.41 1.86 1.80 1.79 1.56 1.48 1.15 1.24 1.97 1.82 2.37

Company/Issuer Pharmaceuticals Sanofi India Limited Torrent Pharmaceuticals Limited Divi's Laboratories Limited Alkem Laboratories Limited Power JSW Energy Limited NLC India Limited CESC Limited PTC India Limited Retailing Aditya Birla Fashion and Retail Limited Software Cyient Limited* Info Edge (India) Limited Textile Products SRF Limited Arvind Limited Textiles - Cotton Vardhman Textiles Limited* Transportation Spicejet Limited* Certificate of Deposit The South Indian Bank Limited ICICI Bank Limited Commercial Paper Housing Development Finance Corporation Limited Reliance Jio Infocomm Limited Export Import Bank of India National Bank For Agriculture and Rural Development Tata Capital Financial Services Limited Grasim Industries Limited Equity Less Than 1% of Corpus Derivatives, Cash and Other Receivables Grand Total

Monthly Average: ` 6,998.22 Cr

NAV as on April 30, 2018 ` ` ` ` ` ` `

1,161.6619 67.3211 193.3811 610.7486 1,206.5507 84.6347 200.4432

Volatility Measures Standard Deviation Beta Sharpe Ratio

4.76 0.98 0.15

Total Amount Invested (`) Market Value (`) Scheme Return (%) B: S&P BSE Mid Cap (TRI) Return (%) AB: S&P BSE Sensex (TRI) Return (%) Inception Date: October 8, 1995

Since Inception 2,710,000 73,928,017 24.22 N.A. N.A.

20 Years 2,400,000 41,633,186 24.15 N.A. N.A.

1.78 1.69 1.66 1.07 2.05 2.86 2.03 1.25 1.08 2.49 2.42 1.10 1.03 0.07 0.74 0.33 0.14 0.07 0.07 0.07 0.07 24.47 1.26 100.00 *Top 10 Holdings

15 Years 1,800,000 8,790,770 19.10 N.A. N.A.

10 Years 1,200,000 2,839,918 16.50 17.84 12.83

5 Years 600,000 968,812 19.44 23.01 13.49

3 Years 360,000 466,927 17.97 21.32 15.85

1 Year 120,000 127,132 11.82 13.50 16.96

N.A : Since TRI data is not available prior to 29/06/2007 & 31/05/2007 for S&P BSE Mid Cap & S&P BSE Sensex respectively, performance for such period is not provided. Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Dividend History

Industry Allocation Record Date

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

1.39 1.36 1.15 1.14

SIP - If you invested ` 10000 every month in RGF

Month End: ` 7,177.40 Cr

Growth Plan Dividend Plan Bonus Option Institutional - Dividend Plan Direct - Growth Plan Direct - Dividend Plan Direct - Bonus Option

% of Assets

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

16-Mar-18

9.00

71.8640

62.8640

9-Mar-17

7.00

67.9187

60.9187

15-Mar-16

5.50

58.0985

52.5985

Dividend Plan

1.81

Expense Ratio^

Direct - Dividend Plan

Regular/Other than Direct

1.98

16-Mar-18

9.00

87.9534

78.9534

Direct

1.28

09-Mar-17

7.00

80.9647

73.9647

15-Mar-16

5.50

67.7176

62.2176

Load structure

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Entry Load: Nil Exit Load: (w.e.f. Feb 1, 2018) 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related instruments through a research based approach Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

10

May 2018

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

Investors understand that their principal will be at Moderately High risk

Fundamentals

Reliance Focused Equity Fund (formely known as Reliance Mid & Small Cap Fund)

RFEF

Portfolio as on April 30, 2018

Focused Fund Details as on April 30, 2018 Type of Scheme An open ended Multi Cap Equity Scheme investing in maximum 30 stocks

Current Investment Philosophy Reliance Focused Equity Fund is a multi cap fund which enedeavours to invest in an active and concentrated portfolio of upto 30 stocks across market capitalisation. The fund adopts a combination of top-down and bottom-up investment approach to identify sector and stock weightage in the portfolio. The portfolio is well diversified across stocks & themes. The fund strategy revolves around – niche ideas, focus on good quality companies and an optimal mix of Growth & Value plays.

Date of Allotment December 26, 2006

Fund Manager Samir Rachh (till Apr 27, 2018) Meenakshi Dawar (since Apr 28, 2018 till May 6, 2018) Vinay Sharma (w.e.f. May 7, 2018)

Benchmark S&P BSE 500 (w.e.f Apr 28, 2018)

Company/Issuer Auto Maruti Suzuki India Limited* Tata Motors Limited Mahindra & Mahindra Limited Auto Ancillaries Automotive Axles Limited Exide Industries Limited Banks HDFC Bank Limited* State Bank of India* Yes Bank Limited* ICICI Bank Limited The Federal Bank Limited Cement The India Cements Limited Birla Corporation Limited Grasim Industries Limited Chemicals Atul Limited Construction Project NCC Limited Larsen & Toubro Limited Consumer Durables Sheela Foam Limited Consumer Non Durables United Spirits Limited* ITC Limited* Ferrous Metals Tata Steel Limited Finance Bharat Financial Inclusion Limited* ICICI Securities Limited*

% of Assets 3.13 2.29 1.65 1.83 1.08 7.19 4.13 3.63 1.89 1.24 2.34 2.26 1.70 1.98 2.43 2.25 1.26 3.05 3.01 1.59 3.46 2.63

Company/Issuer Muthoot Finance Limited Max Financial Services Limited TI Financial Holdings Limited Gas GAIL (India) Limited Hotels, Resorts And Other Recreational Activities The Indian Hotels Company Limited Industrial Capital Goods GE Power India Limited* Honeywell Automation India Limited Media & Entertainment INOX Leisure Limited Pesticides UPL Limited Petroleum Products Indian Oil Corporation Limited Reliance Industries Limited Pharmaceuticals Abbott India Limited Cipla Limited Software Infosys Limited* Telecom - Services Bharti Airtel Limited Certificate of Deposit Axis Bank Limited Commercial Paper Housing Development Finance Corporation Limited Tata Capital Financial Services Limited Equity Less Than 1% of Corpus Derivatives, Cash and Other Receivables Grand Total

% of Assets 2.04 2.02 1.80 1.06 1.61 2.51 2.00 1.51 1.47 2.10 1.10 1.46 1.16 3.27 1.18 0.22 0.22 4.19 4.08 0.11 6.09 7.17 100.00 *Top 10 Holdings

Fund Size

Reliance Focused Large Cap Fund merged with Reliance Mid & Small Cap Fund and with few changes in attributes the scheme has been renamed as Reliance Focus Equity Fund. In line with SEBI circular SEBI/HO/IMD/DF3/CIR/P/2018/69 dated Apr 12, 2018; SIP returns has not been provided. As such, the volatility measures have also not been included as the same are calculated using monthly rolling returns for 36 months period.

Monthly Average: ` 3,390.43 Cr Month End: ` 4,598.04 Cr

Dividend History

Industry Allocation Record Date

NAV as on April 30, 2018 Growth Plan Dividend Plan Direct - Growth Plan Direct - Dividend Plan

` ` ` `

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

01-Mar-18

2.50

24.5040

22.0040

15-Mar-17

2.25

22.8984

20.6484

28-Mar-16

1.20

18.3030

17.1030

01-Mar-18

2.50

28.8181

26.3181

15-Mar-17

2.25

26.2741

24.0241

28-Mar-16

1.20

20.6443

19.4443

Dividend Plan

47.9616 22.2655 50.1858 26.6773

Direct - Dividend Plan

Expense Ratio^ Regular/Other than Direct Direct

2.04 1.18

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Load structure Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities including derivatives *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately High risk

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

May 2018

11

Reliance Small Cap Fund

RSCF Portfolio as on April 30, 2018

Small Cap Fund Details as on April 30, 2018 Type of Scheme An open ended Equity Scheme predominantly investing in small cap stocks

Current Investment Philosophy The fund attempts to generate relatively better risk adjusted returns by focusing on the smaller capitalization companies. Small cap stocks, for the purpose of the fund are defined as stocks whose market capitalization is below top 250 companies in terms of full market capitalization. Small cap companies are potential mid caps of tomorrow and offer twin advantage of high growth prospects & relatively lower valuation. The fund focuses on identifying good growth businesses with reasonable size, quality management and rational valuation. The investment approach adopts prudent risk management measures like margin of safety and diversification across sectors & stocks with a view to generate relatively better risk adjusted performance over a period of time.

Date of Allotment September 16, 2010

Fund Manager Samir Rachh Dhrumil Shah (Co-Fund Manager)

Company/Issuer Auto Ancillaries LG Balakrishnan & Bros Limited* Tube Investments of India Limited Banks RBL Bank Limited* Karur Vysya Bank Limited Cement Orient Cement Limited Chemicals Navin Fluorine International Limited* Deepak Nitrite Limited* Atul Limited Construction ITD Cementation India Limited Construction Project Ashoka Buildcon Limited Consumer Durables VIP Industries Limited* Bajaj Electricals Limited HSIL Limited Consumer Non Durables Zydus Wellness Limited* United Breweries Limited Radico Khaitan Limited Apex Frozen Foods Limited Finance GIC Housing Finance Limited Magma Fincorp Limited Industrial Capital Goods Apar Industries Limited Bharat Electronics Limited Honda Siel Power Products Limited Industrial Products Carborundum Universal Limited Kirloskar Pneumatic Company Limited

Benchmark

1.90 1.05 1.80 1.18 1.12 2.44 2.30 1.23 1.36 1.32 2.17 1.46 1.15 2.21 1.55 1.31 1.20 1.52 1.17 1.47 1.42 1.24 1.06 1.04

Since Inception 920,000 2,930,185 29.64 19.50 12.86

Total Amount Invested (`) Market Value (`) Scheme Return (%) B: S&P BSE Small Cap (TRI) Return (%) AB: S&P BSE Sensex (TRI) Return (%)

Fund Size Monthly Average: ` 6,986.04 Cr Month End: ` 7,207.07 Cr

NAV as on April 30, 2018

% of Assets 1.66 1.32 1.63 1.31 1.20 1.72 2.13 1.06 1.79 1.74 1.52 1.20 1.12 1.06 1.20 0.22 0.22 4.64 3.26 1.38 36.75 1.07 100.00 *Top 10 Holdings

` ` ` ` ` `

46.8818 33.4511 46.8818 49.2901 35.5276 49.2901

5 Years 600,000 1,356,498 33.67 25.11 13.49

3 Years 360,000 549,105 29.98 24.63 15.85

1 Year 120,000 134,801 24.99 17.73 16.96

Inception Date: September 16, 2010 Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Dividend History

Industry Allocation Record Date

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

Dividend Plan

Volatility Measures Standard Deviation Beta Sharpe Ratio

Company/Issuer Miscellaneous Seya Industries Limited Orient Electric Limited Paper West Coast Paper Mills Limited Pharmaceuticals Aurobindo Pharma Limited FDC Limited Power Kalpataru Power Transmission Limited* Software Cyient Limited* Intellect Design Arena Limited Telecom - Equipment & Accessories Vindhya Telelinks Limited* Tejas Networks Limited* Sterlite Technologies Limited Textile Products Siyaram Silk Mills Limited Raymond Limited Arvind Limited Transportation Navkar Corporation Limited Certificate of Deposit Axis Bank Limited Commercial Paper Housing Development Finance Corporation Limited HDB Financial Services Limited Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

SIP - If you invested ` 10000 every month in RSCF

S&P BSE SmallCap

Growth Plan Dividend Plan Bonus Option Direct - Growth Plan Direct - Dividend Plan Direct - Bonus Option

% of Assets

5.53 0.99 0.29

07-Feb-18

3.00

35.9501

32.9501

28-Mar-16

1.20

19.8299

18.6299

24-Mar-15

2.00

21.3040

19.3040

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Direct - Dividend Plan 07-Feb-18

3.00

37.8948

34.8948

Portfolio Turnover (Times)

28-Mar-16

1.20

20.4064

19.2064

24-Mar-15

2.00

21.6887

19.6887

1.43

Expense Ratio^ Regular/Other than Direct

1.99

Direct

0.99

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Load structure Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities of small cap companies

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

12

May 2018

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

Investors understand that their principal will be at Moderately High risk

Fundamentals

Reliance Value Fund (formerly known as Reliance Regular Savings Fund - Equity Option) Portfolio as on April 30, 2018

Value Fund Details as on April 30, 2018 Type of Scheme An open ended Equity Scheme following investment strategy

a value

Current Investment Philosophy Value investment strategy with an aim to participate in investment opportunities across all sectors and market capitalization. Fund endeavors to invest in undervalued stocks having the potential to deliver long term relatively better risk-adjusted returns. Undervalued stocks will be identified based on the evaluation of various factors including but not limited to stock valuation, financial strength, cash flows, company’s competitive advantage, business prospects and earnings potential.

Date of Allotment June 8, 2005

Fund Manager Samir Rachh (till May 6, 2018) Meenakshi Dawar (w.e.f May 7, 2018)

Benchmark S&P BSE Enhanced Value Index (w.e.f Apr 28, 2018)

Company/Issuer Auto Bajaj Auto Limited Tata Motors Limited Maruti Suzuki India Limited Auto Ancillaries Motherson Sumi Systems Limited Banks HDFC Bank Limited* Yes Bank Limited* State Bank of India* Kotak Mahindra Bank Limited* The Federal Bank Limited Cement Grasim Industries Limited Chemicals Linde India Limited Construction The Phoenix Mills Limited Construction Project Larsen & Toubro Limited* KEC International Limited Consumer Non Durables Bombay Burmah Trading Corporation Limited* Ferrous Metals Tata Steel Limited Fertilisers Zuari Global Limited Finance TI Financial Holdings Limited* Muthoot Finance Limited Max Financial Services Limited Bharat Financial Inclusion Limited Bajaj Finance Limited

Fund Size Month End: ` 3,374.75 Cr

NAV as on April 30, 2018 ` ` ` `

75.5816 25.1180 78.7814 32.6987

Volatility Measures Standard Deviation Beta Sharpe Ratio

5.09 0.60 0.15

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

% of Assets 1.97 1.80 1.34 2.35 6.06 3.22 3.21 3.16 1.46 2.78 1.33 2.71 4.36 2.39 2.95 1.29 1.11 3.21 2.76 1.68 1.68 1.48

Company/Issuer Hotels, Resorts And Other Recreational Activities EIH Limited The Indian Hotels Company Limited Industrial Capital Goods Honeywell Automation India Limited* GE Power India Limited CG Power and Industrial Solutions Limited Industrial Products Ador Welding Limited Cummins India Limited Non - Ferrous Metals Vedanta Limited Pesticides UPL Limited Petroleum Products Indian Oil Corporation Limited Pharmaceuticals Divi's Laboratories Limited* Torrent Pharmaceuticals Limited Syngene International Limited Software HCL Technologies Limited* Infosys Limited Intellect Design Arena Limited Certificate of Deposit IndusInd Bank Limited Commercial Paper Aditya Birla Finance Limited Equity Less Than 1% of Corpus Derivatives, Cash and Other Receivables Grand Total

% of Assets 2.22 1.89 8.44 2.52 1.76 1.07 1.03 1.27 1.09 1.26 3.05 2.08 1.66 3.60 2.20 1.81 0.73 0.73 0.15 0.15 7.49 0.41 100.00 *Top 10 Holdings

SIP - If you invested ` 10000 every month in RVALUEF

Monthly Average: ` 3,288.15 Cr

Growth Plan Dividend Plan Direct - Growth Plan Direct - Dividend Plan

RVALUEF

Total Amount Invested (`) Market Value (`) Scheme Return (%) B: S&P BSE Enhanced Value Index (TRI) Return (%) AB: S&P BSE Sensex (TRI) Return (%) Inception Date: June 8, 2005

Since Inception

10 Years

5 Years

3 Years

1 Year

1,550,000 4,755,049 16.16 N.A. N.A.

1,200,000 2,831,507 16.45 10.58 12.83

600,000 954,545 18.83 12.11 13.49

360,000 467,133 18.00 13.49 15.85

120,000 129,208 15.34 -12.74 16.96

N.A: Since TRI data is not available prior to 31/12/2007 & 31/05/2007 for S&P Enhanced Value & S&P BSE Sensex respectively, performance for such period is not provided. Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Dividend History

Industry Allocation Record Date

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

01-Mar-18

2.50

26.6708

24.1708

15-Mar-17

2.25

24.2904

22.0404

23-Mar-16

3.50

22.7094

19.2094

Dividend Plan

0.87

Expense Ratio^ Regular/Other than Direct

2.04

Direct - Dividend Plan

Direct

1.34

01-Mar-18

2.50

33.9294

31.4294

15-Mar-17

2.25

30.0766

27.8266

23-Mar-16

3.50

27.1014

23.6014

Load structure

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at Moderately High risk

May 2018

13

Reliance Multi Cap Fund (formerly known as Reliance Equity Opportunities Fund)

RMCF

Portfolio as on April 30, 2018

Multi Cap Fund

Company/Issuer Auto

Details as on April 30, 2018

% of Assets

Mahindra & Mahindra Limited

Type of Scheme

2.43

Auto Ancillaries

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

Current Investment Philosophy It is a multi-cap, trend based fund with the flexibility to be overweight in a particular sector or market caps depending on the potential & opportunities as they arise. Investment in large caps may help to capture market movements & ensures liquidity in volatile times while exposure to niche themes (primarily mid/small cap companies) having scalable business models offers alpha creation possibilities. The investment in the emerging businesses can be further categorized as: Quality Mid cap plays with a track record and scalable business models

l

Emerging or niche themes with sustainable competitive advantages

l

Deep Value Component –> Deep Value Stocks Currently mispriced by markets due to nonfundamental reasons

l

Bosch Limited

1.83

Banks State Bank of India*

5.88

HDFC Bank Limited*

3.67

ICICI Bank Limited*

3.27

Axis Bank Limited*

3.24

Chemicals Linde India Limited

1.39

Construction Simplex Infrastructures Limited

1.64

Construction Project Larsen & Toubro Limited*

3.76

NCC Limited

1.86

Engineers India Limited

1.11

Ferrous Metals Tata Steel Limited

2.72

Finance Max Financial Services Limited

2.77

Bajaj Finance Limited

1.71

Hotels, Resorts And Other Recreational Activities

Date of Allotment March 28, 2005

The Indian Hotels Company Limited*

5.53

EIH Limited

2.37

Company/Issuer Industrial Capital Goods GE T&D India Limited* Honeywell Automation India Limited ABB India Limited Kennametal India Limited Industrial Products Cummins India Limited* Bharat Forge Limited Others Reliance ETF Junior BeES Petroleum Products Bharat Petroleum Corporation Limited Castrol India Limited Pharmaceuticals Divi's Laboratories Limited* Dr. Reddy's Laboratories Limited Retailing Shoppers Stop Limited Aditya Birla Fashion and Retail Limited Trent Limited Software Infosys Limited* Info Edge (India) Limited Transportation VRL Logistics Limited Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

% of Assets 3.76 2.81 1.45 1.29 2.99 2.93 0.04 0.04 1.35 1.01 4.76 1.89 2.67 2.11 2.07 4.53 1.22 1.08 14.33 2.51 100.00 *Top 10 Holdings

Fund Manager

SIP - If you invested ` 10000 every month in RMCF

Sailesh Raj Bhan

Benchmark S&P BSE 500 (w.e.f Apr 28, 2018)

10 Years

5 Years

3 Years

1 Year

1,570,000

1,200,000

600,000

360,000

120,000

Market Value (`)

5,027,434

2,995,163

878,879

441,343

126,968

16.51

17.50

15.42

13.94

11.55

B: S&P BSE 500 (TRI) Return (%)

N.A.

14.62

16.66

17.99

14.76

AB: S&P BSE Sensex (TRI) Return (%)

N.A.

12.83

13.49

15.85

16.96

Scheme Return (%)

Fund Size Monthly Average: ` 9,884.33 Cr

Inception Date: March 28, 2005

Month End: ` 10,053.46 Cr

NAV as on April 30, 2018 Growth Plan Dividend Plan Bonus Option Direct - Growth Plan Direct - Dividend Plan Direct - Bonus Option

Since Inception Total Amount Invested (`)

` ` ` ` ` `

94.5598 29.8097 94.5598 98.5110 37.5736 98.5110

N.A: Since TRI data is not available prior to 29/06/2007 & 31/05/2007 for S&P BSE 500 & S&P BSE Sensex respectively, performance for such period is not provided. Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66

Dividend History

Industry Allocation Record Date

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

Dividend Plan

Volatility Measures Standard Deviation Beta Sharpe Ratio

4.50 1.03 0.08

0.63

Expense Ratio^ Regular/Other than Direct

1.98

Direct

1.28

32.8016

28.0516

31.6909

28.6909

23-Mar-16

2.75

29.1413

26.3913

23-Mar-18

4.75

40.0800

35.3300

17-Mar-17

3.00

37.7756

34.7756

23-Mar-16

2.75

33.9657

31.2157

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Load structure

Product Label

Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

4.75 3.00

Direct - Dividend Plan

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

23-Mar-18 17-Mar-17

This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

14

May 2018

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

Investors understand that their principal will be at Moderately High risk

Fundamentals

Reliance Equity Hybrid Fund (formerly known as Reliance Regular Savings Fund - Balanced Option) Portfolio as on April 30, 2018

Aggressive Hybrid Fund Details as on April 30, 2018 Type of Scheme An open ended hybrid scheme investing predominantly in equity and equity related instrument

Current Investment Philosophy Reliance Equity Hybrid Fund endeavors to generate relatively better risk adjusted returns by investing in a combination of Equities and Fixed Income instruments. The fund attempts to optimize the benefit of Equity Growth potential with relative stability of fixed income investments. On the equity space the fund aims to maintains a large cap oriented portfolio with a tactical exposure to emerging leaders to generate alpha. The fixed income strategy is focused on generating higher accrual through investments in high quality instruments with a moderate duration.

Date of Allotment June 08, 2005

Fund Manager Sanjay Parekh, Amit Tripathi

Benchmark Crisil Hybrid 35+65 - Aggressive Index

Fund Size Monthly Average: ` 13,080.54 Cr Month End: ` 13,425.72 Cr

Company/Issuer Rating Equity Auto Tata Motors Limited* Maruti Suzuki India Limited Auto Ancillaries Motherson Sumi Systems Limited Banks HDFC Bank Limited* ICICI Bank Limited* Kotak Mahindra Bank Limited State Bank of India Cement Grasim Industries Limited* Construction Project Larsen & Toubro Limited* Sadbhav Infrastructure Project Limited Consumer Non Durables ITC Limited Ferrous Metals JSW Steel Limited* Tata Steel Limited Finance Bharat Financial Inclusion Limited* Housing Development Finance Corporation Limited* Non - Ferrous Metals Vedanta Limited Oil Oil & Natural Gas Corporation Limited Petroleum Products Reliance Industries Limited* Indian Oil Corporation Limited Pharmaceuticals Aurobindo Pharma Limited Software Infosys Limited* Telecom - Services Bharti Airtel Limited Debt Certificate of Deposit Axis Bank Limited CRISIL A1+ ICICI Bank Limited ICRA A1+ IDFC Bank Limited ICRA A1+

% of Assets

` ` ` ` ` ` ` `

55.3849 17.8616 11.2419 15.5091 58.8080 22.5970 11.5707 15.9137

8.82 2.69 2.37 1.87 5.71 3.45 1.04 1.74 2.41 1.73 3.76 2.66 1.41 1.01 2.77 1.71 1.40 4.38 2.13 0.57 0.42 0.11 0.04

Reliance Capital Limited Reliance Home Finance Limited Reliance Jio Infocomm Limited Reliance Utilities & Power Pvt Limited Punjab National Bank ICICI Bank Limited Bank of Baroda Sikka Ports and Terminals Limited Tata Power Company Limited Capri Global Capital Limited Reliance General Insuarance Company Ltd Allahabad Bank Rural Electrification Corporation Limited Power Grid Corporation of India Limited Ashok Leyland Limited Housing Development Finance Corporation Limited PNB Housing Finance Limited Export Import Bank of India Aditya Birla Fashion and Retail Limited Power Finance Corporation Limited State Government Bond State Government Securities Zero Coupon Bond Morgan Credits Private Limited Avantha Realty Limited InvIT IRB InvIT Fund Equity Less Than 1% of Corpus Cash & Other Receivables Grand Total

% of Assets 23.17 8.07 6.53 2.22

CARE AA+ ICRA AA CRISIL A+(SO)/ FITCH AA(SO) CARE AA+ CARE AA CRISIL AAA CRISIL AAA BWR AA/CRISIL AA ICRA AA+ CRISIL AA+/ CARE AA CRISIL AAA CRISIL AACARE A+ CARE AA CARE A+ CRISIL AAA CRISIL AAA ICRA AA CRISIL AAA CARE AAA CRISIL AAA ICRA AA CRISIL AAA

1.49 1.25 0.73 0.72 0.40 0.37 0.29 0.26 0.22 0.19 0.18 0.07 0.04 0.04 0.04 0.02 0.01 0.01 0.01 0.00 0.01 0.01 4.01 3.73 0.28

SOV CARE AUNRATED

1.45 13.03 (0.20) 100.00

Rating Profile

Asset Allocation Asset

Rating

AAA/SOV/A1+/Cash & Other Receivables, 2.61% AA, 10.58%

AA-, 0.22%

Volatility Measures

A+/A/A-/A1, 4.30%

InvIT, 1.45%

Unrated, 0.28%

Standard Deviation Beta Sharpe Ratio

Equity, 70.59%

3.19 1.16 0.16

Industry Allocation

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

2.04

Average Maturity Modified Duration Yield to Maturity*

3.19 years 2.28 years 9.32%

Expense Ratio^ 1.97 0.72

Load structure Entry Load: Nil Exit Load: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, thereafter. *excluding other receivables YTM including other receivables: 8.38% Average Maturity, Modified Duration & YTM details provided for Debt portion of Portfolio only.

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

1.26

Rating

For SIP performance refer page 54. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66

AA+, 9.96%

Regular/Other than Direct Direct

2.45 1.20

Company/Issuer Corporate Bond Reliance Commercial Finance Limited Yes Bank Limited U.P. Power Corporation Limited

*Top 10 Holdings

NAV as on April 30, 2018 Growth Plan Dividend Plan Monthly Dividend Plan Quarterly Dividend Plan Direct - Growth Plan Direct - Dividend Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan

REHF

Equity, 70.59% Zero Coupon Bond, 4.01% Certificate of Deposit, 0.57% Cash & Other Receivables, 0.21%

Corporate Bond, 23.17% InvIT, 1.45% State Government Bond, 0.01%

Dividend History Record Date Rate (`/ Unit) Dividend Plan 23-Apr-18 0.14 21-Mar-18 0.16 23-Feb-18 0.16 Direct - Dividend Plan 23-Apr-18 0.14 21-Mar-18 0.16 23-Feb-18 0.16 Monthly Dividend Plan 16-Apr-18 0.09 15-Mar-18 0.10 15-Feb-18 0.10 Direct - Monthly Dividend Plan 16-Apr-18 0.09 15-Mar-18 0.10 15-Feb-18 0.10 Quarterly Dividend Plan 15-Mar-18 0.40 15-Dec-17 0.40 15-Sep-17 0.40 Direct - Quarterly Dividend Plan 15-Mar-18 0.40 15-Dec-17 0.40 15-Sep-17 0.40

Cum Dividend NAV

Ex-Dividend NAV

17.9019 17.5274 18.3019

17.7419 17.3674 18.1419

22.6007 22.0551 22.9656

22.4407 21.8951 22.8056

11.2360 11.0811 11.3723

11.1360 10.9811 11.2723

11.5559 11.3785 11.6612

11.4559 11.2785 11.5612

15.4146 16.1564 16.3112

15.0146 15.7564 15.9112

15.7777 16.4678 16.5554

15.3777 16.0678 16.1554

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related instruments and fixed income instruments *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately High risk

May 2018

15

Reliance Equity Savings Fund

RESF Portfolio as on April 30, 2018

Equity Savings Details as on April 30, 2018 Type of Scheme An open ended scheme investing in equity, arbitrage and debt.

Current Investment Philosophy Reliance Equity Savings Fund seeks to invest in combination of Active Equities, Arbitrage Opportunities and Fixed Income securities. The fund endeavors to capture the Equity growth potential along with moderate volatility & regular income through investment in arbitrage opportunities and fixed income securities. The fund attempts to provide higher growth potential than debt funds due to moderate equity exposure and relatively lower volatility than equity funds through allocation to fixed income instruments & arbitrage opportunities.

Date of Allotment May 30, 2015

Fund Manager

Company/Issuer Equity Non Hedge Tata Motors Limited* Maruti Suzuki India Limited Hero MotoCorp Limited Motherson Sumi Systems Limited Federal-Mogul Goetze (India) Limited. HDFC Bank Limited* ICICI Bank Limited* Kotak Mahindra Bank Limited State Bank of India RBL Bank Limited Axis Bank Limited Yes Bank Limited The Federal Bank Limited Grasim Industries Limited* The India Cements Limited Larsen & Toubro Limited* Sadbhav Infrastructure Project Limited ITC Limited JSW Steel Limited Tata Steel Limited Bharat Financial Inclusion Limited* Housing Development Finance Corporation Limited* HDFC Standard Life Insurance Company Limited Aditya Birla Capital Limited Max Financial Services Limited PNB Housing Finance Limited Bajaj Finance Limited ICICI Prudential Life Insurance Company Limited GAIL (India) Limited Cochin Shipyard Limited UFO Moviez India Limited

Sector/Rating

% of Assets

Auto Auto Auto Auto Ancillaries Auto Ancillaries Banks Banks Banks Banks Banks Banks Banks Banks Cement Cement Construction Project Construction Project Consumer Non Durables Ferrous Metals Ferrous Metals Finance Finance Finance Finance Finance Finance Finance Finance Gas Industrial Capital Goods Media & Entertainment

1.27 0.79 0.38 0.78 0.39 4.84 1.46 1.16 1.04 0.54 0.14 0.14 0.00 3.09 0.22 1.94 0.35 0.98 1.20 0.67 2.45 1.55 0.55 0.48 0.41 0.28 0.21 0.06 0.07 0.23 0.29

Company/Issuer TV18 Broadcast Limited Vedanta Limited National Aluminium Company Limited Hindalco Industries Limited Oil & Natural Gas Corporation Limited Reliance Industries Limited* Indian Oil Corporation Limited Aurobindo Pharma Limited Sun Pharmaceutical Industries Limited Cipla Limited JSW Energy Limited NLC India Limited Infosys Limited* Intellect Design Arena Limited Bharti Airtel Limited* Indian Terrain Fashions Limited Non-Hedge Total Hedge Total Debt Corporate Bond Reliance Commercial Finance Limited Reliance Home Finance Limited Axis Bank Limited Yes Bank Limited Muthoot Finance Limited Punjab National Bank Bank of Baroda Renew Power Venture Pvt Limited HDFC Bank Limited L&T Finance Limited Net Current Assets and Liabilities Grand Total *Top 10 Holdings

Sector/Rating % of Assets Media & Entertainment 0.02 Non - Ferrous Metals 0.70 Non - Ferrous Metals 0.60 Non - Ferrous Metals 0.37 Oil 0.65 Petroleum Products 1.73 Petroleum Products 0.69 Pharmaceuticals 0.60 Pharmaceuticals 0.43 Pharmaceuticals 0.08 Power 0.53 Power 0.21 Software 2.06 Software 0.15 Telecom - Services 1.25 Textile Products 0.50 38.51 28.93 CARE AA+ CARE AA/CARE AA+ CRISIL AA+ ICRA AA CRISIL AA CRISIL AA/BWR AA CRISIL AA+/CARE AA CARE A+ CRISIL AA+ ICRA AA+

3.73 3.70 2.76 2.72 1.86 1.82 1.64 0.76 0.58 0.26 12.72 100.00

Sanjay Parekh, Anju Chhajer

SIP - If you invested ` 10000 every month in RESF

Benchmark 40% of Crisil Liquid Fund Index, 30% of Crisil Short Term Bond Fund Index & 30% in Nifty 50

Fund Size Monthly Average: ` 2,623.17 Cr Month End: ` 2,667.07 Cr

NAV as on April 30, 2018 Growth Plan Dividend Plan Monthly Dividend Plan Quarterly Dividend Plan Bonus Option Direct - Growth Plan Direct - Dividend Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan Direct - Bonus Option

` ` ` ` ` ` ` ` ` `

12.6645 11.6458 11.2612 11.2749 12.6646 13.0979 12.0808 11.6843 11.6953 13.0979

Average Maturity

1.11 years

Modified Duration

0.83 years

Yield to Maturity

9.18%

Since Inception 360,000 414,466 9.55 12.54 15.84

Total Amount Invested (`) Market Value (`) Scheme Return (%) B: Custom Benchmark* Return (%) AB: S&P BSE Sensex (TRI) Return (%) Inception Date: May 30, 2015

*40% Crisil Liquid Fund Index + 30% Crisil Short Term Bond Fund Index + 30% Nifty 50 (TRI) Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66

Rating Profile

Asset Allocation

Rating

Asset

AAA/SOV/A1+/Cash & Other Receivables, 8.95% AA+, 12.94%

AA, 8.04%

Equity, 67.44% A+/A/A-/A1, 2.63%

2.04

Direct

1.29

Dividend History

Industry Allocation

Record Date Rate (`/ Unit) Cum Dividend NAV Ex-Dividend NAV Dividend Plan 26-Mar-18 1.00 12.4426 11.4426 Direct - Dividend Plan 26-Mar-18 1.00 12.8542 11.8542 Monthly Dividend Plan 23-Apr-18 0.07 11.3016 11.2216 26-Mar-18 0.08 11.2227 11.1427 19-Feb-18 0.08 11.3496 11.2696 Direct - Monthly Dividend Plan 23-Apr-18 0.07 11.7218 11.6418 26-Mar-18 0.08 11.6255 11.5455 19-Feb-18 0.08 11.7432 11.6632 Quarterly Dividend Plan 19-Mar-18 0.25 11.2689 11.0189 19-Dec-17 0.25 11.7219 11.4719 19-Sep-17 0.25 11.7593 11.5093 Direct - Quarterly Dividend Plan 19-Mar-18 0.25 11.6646 11.4146 19-Dec-17 0.25 12.0877 11.8377 19-Sep-17 0.25 12.0798 11.8298 Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Load structure Entry Load: Nil Exit Load: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, thereafter. Average Maturity, Modified Duration & YTM details provided for Debt portion of Portfolio only.

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

16

May 2018

Corporate Bond, 19.84%

Zero Coupon Bond, 3.77% Cash & Other Receivables, 8.95%

Equity, 67.44%

Expense Ratio^ Regular/Other than Direct

1 Year 120,000 123,562 5.85 11.37 16.96

Product Label This product is suitable for investors who are seeking*: — Income and capital appreciation over long term — Investment predominantly in arbitrage opportunities between cash & derivative market and in unhedged equity *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately High risk

Fundamentals

Reliance Banking Fund

RBF

Sector Fund Details as on April 30, 2018 Type of Scheme

Portfolio as on April 30, 2018

An open ended equity scheme investing in Banking sector.

Current Investment Philosophy Reliance Banking fund is a focused banking and financial services sector oriented fund investing across market caps within the sector. The fund is well diversified across sub segments like Private Banks, PSUs, NBFCs, Housing Fin Co’s, Broking houses, etc. The fund endeavors to generate superior alpha through active fund management. The alpha generation is attempted through tactical allocation across various sub segments and differentiated investment ideas. The fund thus attempts to lower risk through diversification while retaining the alpha creation potential.

Date of Allotment May 26, 2003

Fund Manager Sanjay Parekh (till Apr 8, 2018), Vinay Sharma (w.e.f. Apr 9, 2018)

Company/Issuer Banks HDFC Bank Limited* ICICI Bank Limited* State Bank of India* Kotak Mahindra Bank Limited* The Federal Bank Limited* RBL Bank Limited* Yes Bank Limited Axis Bank Limited City Union Bank Limited Finance Bharat Financial Inclusion Limited* Reliance Capital Limited* Cholamandalam Investment and Finance Company Limited* Housing Development Finance Corporation Limited* Max Financial Services Limited PNB Housing Finance Limited

% of Assets 2.08 2.08 1.98 1.81 1.71 1.52 1.44 1.34 1.66 1.66 0.79 0.79 5.39

Derivatives, Cash and Other Receivables Grand Total

1.35 100.00

5.07

Beta

0.88

Sharpe Ratio

0.16

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Monthly Average: ` 2,900.67 Cr Month End: ` 2,959.26 Cr

Dividend History

NAV as on April 30, 2018 Growth Plan Dividend Plan Bonus Option

5.69 4.16 2.95 2.66 2.53 2.13

Company/Issuer SBI Life Insurance Company Limited Shriram City Union Finance Limited Magma Fincorp Limited Bajaj Finance Limited Aditya Birla Capital Limited Muthoot Finance Limited ICICI Prudential Life Insurance Company Limited Indiabulls Housing Finance Limited Certificate of Deposit The South Indian Bank Limited Commercial Paper Housing Development Finance Corporation Limited Equity Less Than 1% of Corpus

Volatility Measures Standard Deviation

Fund size

26.48 7.64 7.10 5.34 3.46 2.53 1.59 1.38 1.21

*Top 10 Holdings For SIP performance refer page 54. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Benchmark Nifty Bank (w.e.f Mar 27, 2018)

% of Assets

` 269.1089 ` 53.2520 ` 269.1089

Direct - Growth Plan Direct - Dividend Plan Direct - Bonus Option

` ` `

Portfolio Turnover (Times) Expense Ratio^

1.20

Regular/Other than Direct Direct

2.05 1.29

278.3494 66.1211 278.3494

Record Date Rate (`/ Unit) Cum Dividend NAV Ex-Dividend NAV Record Date Rate (`/ Unit) Cum Dividend NAV Ex-Dividend NAV Direct - Dividend Plan Dividend Plan 9-Feb-18 6.25 71.1748 64.9248 9-Feb-18 6.25 58.6318 52.3818 10-Feb-17 5.00 60.4012 55.4012 10-Feb-17 5.00 51.0340 46.0340 12-Feb-16 4.00 45.5932 41.5932 12-Feb-16 4.00 39.4222 35.4222 Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Product Label This product is suitable for investors who are seeking*:

Load structure

— Long term capital growth

Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

— Investment in equity and equity related securities of companies in banking sector and companies engaged in allied activities related to banking sector

Special Feature: Reliance Any Time Money Card

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

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

Investors understand that their principal will be at High risk

Reliance Power & Infra Fund (formerly known as Reliance Diversified Power Sector Fund) Thematic Fund Details as on April 30, 2018 Type of Scheme

RPIF

Portfolio as on April 30, 2018

An Open Ended Equity Scheme investing in power & infrastructure sectors

Current Investment Philosophy It is an investment opportunity to participate in India’s capex growth by investing in securities of companies in power and infra sectors. The portfolio has an adequate diversification within the power and infra sectors by spreading investment over a large range of companies. The fund provides opportunity within these sectors, with focused approach and flexibility to invest in Transportation, Energy, Resources, Communication and other power and infrastructure allied companies. The portfolio is focused on creating long term risk adjusted return.

Date of Allotment May 8, 2004

Fund Manager Sanjay Doshi

Benchmark

Company/Issuer Construction Project Larsen & Toubro Limited* KEC International Limited* NCC Limited BGR Energy Systems Limited Ferrous Metals Jindal Stainless (Hisar) Limited* Industrial Capital Goods GE Power India Limited* Apar Industries Limited* Thermax Limited GE T&D India Limited CG Power and Industrial Solutions Limited Voltamp Transformers Limited Siemens Limited Industrial Products KSB Pumps Limited* Cummins India Limited Kirloskar Pneumatic Company Limited Kirloskar Brothers Limited

% of Assets 8.11 7.63 2.86 1.11 4.75 5.35 4.38 3.39 2.33 2.31 2.26 2.08 4.42 3.33 2.23 1.67

Company/Issuer Power PTC India Limited* Torrent Power Limited* NTPC Limited* Kalpataru Power Transmission Limited Power Grid Corporation of India Limited CESC Limited NLC India Limited Reliance Power Limited Telecom - Equipment & Accessories Sterlite Technologies Limited* Telecom - Services Bharti Airtel Limited Commercial Paper Housing Development Finance Corporation Limited NTPC Limited Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

Nifty Infrastructure Index (w.e.f Apr 28, 2018)

Fund size

5.06 4.22 3.87 3.29 3.10 2.73 1.16 1.09 3.44 1.58 1.46 1.21 0.26 7.74 3.04 100.00 *Top 10 Holdings

For SIP performance refer page 54. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Monthly Average: ` 1,924.92 Cr Month End: ` 1,943.72 Cr

Volatility Measures Standard Deviation

NAV as on April 30, 2018 Growth Plan Dividend Plan Bonus Option Direct - Growth Plan Direct - Dividend Plan Direct - Bonus Option

` ` ` ` ` `

Portfolio Turnover (Times)

0.52

Expense Ratio^ Regular/Other than Direct Direct Load structure

2.11 1.46

116.5911 36.1482 116.5911 120.4739 37.9346 120.4739

Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter. Special Feature: Reliance Any Time Money Card

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

% of Assets

5.49

Beta

0.90

Sharpe Ratio

0.17

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Dividend History Record Date Rate (`/ Unit) Cum Dividend NAV Ex-Dividend NAV Record Date Rate (`/ Unit) Cum Dividend NAV Ex-Dividend NAV Direct - Dividend Plan Dividend Plan 16-Feb-18 4.00 42.1662 38.1662 16-Feb-18 4.00 40.4197 36.4197 17-Feb-17 3.25 34.6994 31.4494 17-Feb-17 3.25 33.6162 30.3662 19-Feb-16 2.75 27.6853 24.9353 19-Feb-16 2.75 27.0783 24.3283 Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities of companies engaged in or allied activities to the power and infrastucture space. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at High risk

May 2018

17

Reliance Consumption Fund (formerly known as Reliance Media & Entertainment Fund) Thematic Fund Details as on April 30, 2018 Type of Scheme

RCF

Portfolio as on April 30, 2018

An Open Ended Equity Scheme following consumption theme

Current Investment Philosophy The fund has a focussed approach to investing in leaders or potential leaders that are likely to benefit directly or indirectly from domestic consumption led demand. It is well diversified across key segments like Consumer NonDurables, Media & Entertainment, Automobile, Healthcare Services, Pharmaceuticals, etc., driven by relative attractiveness of Opportunities and Valuations. The fund has a flexi cap structure, allowing it to participate across market caps. Strong business model that allows for good ROE generation will be the primary basis for investment. Businesses with focus on sustainable profitable growth will be the core components of the investment universe.

Company/Issuer Media & Entertainment

% of Assets

Company/Issuer Music Broadcast Limited*

% of Assets 6.30

Zee Entertainment Enterprises Limited*

14.68

Jagran Prakashan Limited*

5.39

INOX Leisure Limited*

14.06

TV18 Broadcast Limited

4.66

Dish TV India Limited*

10.46

Network18 Media & Investments Limited

3.96

Sun TV Network Limited*

9.00

Software

D.B.Corp Limited*

7.45

Hathway Cable & Datacom Limited*

6.74

PVR Limited*

6.32

Info Edge (India) Limited* Cash and Other Receivables Grand Total

9.20 1.78 100.00

For SIP performance refer page 54. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Date of Allotment

*Top 10 Holdings

Volatility Measures

September 30, 2004

Standard Deviation

Fund Manager

4.85

Beta

0.80

Sharpe Ratio

0.10

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Sailesh Raj Bhan

Dividend History

Benchmark Nifty India Consumption Index (w.e.f Apr 28, 2018)

Fund size

Record Date Dividend Plan

Monthly Average: ` 68.78 Cr Month End: ` 68.45 Cr

19-Jan-18

2.50

24.4435

21.9435

19-Jan-18

2.50

30.1875

27.6875

20-Jan-17

2.25

22.5000

20.2500

20-Jan-17

2.25

27.0657

24.8157

29-Jan-16

2.25

23.3003

21.0503

29-Jan-16

2.25

27.3778

25.1278

NAV as on April 30, 2018 Growth Plan Dividend Plan Bonus Option

` 66.3939 Direct - Growth Plan ` 20.5417 Direct - Dividend Plan ` 66.3939 Direct - Bonus Option

Portfolio Turnover (Times) Expense Ratio^

0.08

Regular/Other than Direct Direct

2.68 1.93

Load structure

` ` `

69.1355 25.9825 69.1355

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

Record Date Direct - Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth

Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter. Special Feature: Reliance Any Time Money Card

— Investment in equity, equity related securities of companies that are likely to benefit directly or indirectly from domestic consumption led demand. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at High risk

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Reliance Pharma Fund

RPF

Sector Fund Details as on April 30, 2018 Type of Scheme

Portfolio as on April 30, 2018

An open ended equity scheme investing in pharma sector

Current Investment Philosophy The Fund seeks to invest in pharma sector with focus on important segments of the sector viz Domestic Business, International & CRAMS and include deep value as well as high growth pharma businesses. The fund invests across market capitalization within the sector. It may suit investment horizon of around 2-3 years.

Date of Allotment June 5, 2004

Fund Manager

Company/Issuer Healthcare Services Thyrocare Technologies Limited* Apollo Hospitals Enterprise Limited Narayana Hrudayalaya Limited Healthcare Global Enterprises Limited Max India Limited Pharmaceuticals Divi's Laboratories Limited* Abbott India Limited* Cipla Limited* Sun Pharmaceutical Industries Limited* Sanofi India Limited*

% of Assets 6.32 3.82 1.74 1.48 1.11 11.76 10.34 9.55 9.22 8.86

Company/Issuer Aurobindo Pharma Limited* Biocon Limited* Dr. Reddy's Laboratories Limited* Torrent Pharmaceuticals Limited* Lupin Limited Glenmark Pharmaceuticals Limited Cadila Healthcare Limited Indoco Remedies Limited Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

% of Assets 8.83 7.56 5.71 4.66 3.39 1.97 1.06 1.01 0.64 0.99 100.00 *Top 10 Holdings

Sailesh Raj Bhan

For SIP performance refer page 54. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Benchmark

Volatility Measures

S&P BSE Healthcare

Standard Deviation

Fund size

4.25

Beta

0.86

Sharpe Ratio

-0.04

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Monthly Average: ` 1,977.31 Cr Month End: ` 2,035.56 Cr

NAV as on April 30, 2018 Growth Plan ` 143.8297 Direct - Growth Plan Dividend Plan ` 54.2528 Direct - Dividend Plan Bonus Option ` 143.8297 Direct - Bonus Option

Portfolio Turnover (Times) Expense Ratio^

0.65

Regular/Other than Direct Direct

2.10 1.40

Load structure

Ex-Dividend NAV

` 150.2480 ` 65.3571 ` 150.2479

Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Dividend History Record Date Dividend Plan 01-Mar-18 03-Mar-17 04-Mar-16

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

6.00 6.50 7.00

58.6103 63.6381 71.2321

52.6103 57.1381 64.2321

Record Date Direct - Dividend Plan 01-Mar-18 03-Mar-17 04-Mar-16

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

6.00 6.50 7.00

69.2904 73.3984 80.4340

63.2904 66.8984 73.4340

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities of pharma & other associated companies

Special Feature: Reliance Any Time Money Card

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

18

May 2018

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

Investors understand that their principal will be at High risk

Fundamentals

Reliance Tax Saver (ELSS) Fund

RTSF Portfolio as on April 30, 2018

ELSS

Company/Issuer Auto

Details as on April 30, 2018

% of Assets

Type of Scheme

Tata Motors Limited*

6.59

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

TVS Motor Company Limited*

6.23

Auto Ancillaries

Current Investment Philosophy Seeks to maintain balance between large cap companies and mid cap companies. Endeavors to invest in potential leaders. Invest in companies with potential of high growth prospects over medium term (2-3 years). Generally, the fund has two or three sector calls at a time. They are mostly in-line of emerging market trends. Small percentage of portfolio is invested in contrarian calls. Significant percent of outstanding equity of the scheme is invested in high conviction mid-cap companies. Significant allocation/exposure is taken in Multinational Companies (MNC’s). Attempt to have a balanced portfolio on a macro basis, allocating to themes like Domestic, Consumption & Defensive.

Wheels India Limited

1.92

Federal-Mogul Goetze (India) Limited.

1.69

Sundaram Clayton Limited

1.65

Banks State Bank of India*

8.65

ICICI Bank Limited*

3.85

Canara Bank

2.28

Bank of Baroda

1.85

Punjab National Bank

1.47

Cement Ambuja Cements Limited*

4.03

Birla Corporation Limited

1.02

Construction ITD Cementation India Limited

1.15

Ferrous Metals Tata Steel Limited*

7.83

Finance

Date of Allotment

SBI Life Insurance Company Limited*

2.91

Healthcare Services

September 21, 2005

Thyrocare Technologies Limited

1.15

Company/Issuer Hotels, Resorts And Other Recreational Activities The Indian Hotels Company Limited Industrial Capital Goods Honeywell Automation India Limited* ABB India Limited* Siemens Limited GE T&D India Limited Bharat Heavy Electricals Limited Cochin Shipyard Limited Industrial Products Bharat Forge Limited* Vesuvius India Limited Cummins India Limited KSB Pumps Limited Petroleum Products Bharat Petroleum Corporation Limited Pharmaceuticals Divi's Laboratories Limited Power NTPC Limited Certificate of Deposit The South Indian Bank Limited Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

% of Assets 1.52 3.65 3.62 2.30 2.15 1.95 1.91 3.25 1.63 1.55 1.47 2.32 2.00 1.80 0.27 0.27 14.43 (0.07) 100.00 *Top 10 Holdings

Fund Manager Ashwani Kumar

SIP - If you invested ` 10000 every month in RTSF

Benchmark S&P BSE 100

Total Amount Invested (`) Market Value (`) Scheme Return (%) B: S&P BSE 100 (TRI) Return (%) AB: S&P BSE Sensex (TRI) Return (%) Inception Date: September 21, 2005

Fund Size Monthly Average: ` 10,350.13 Cr Month End: ` 10,511.14 Cr

NAV as on April 30, 2018 Growth Plan Dividend Plan Annual Dividend Plan Direct - Growth Plan Direct - Dividend Plan Direct - Annual Dividend Plan

` ` ` ` ` `

60.9827 21.7928 12.8883 63.5586 26.4523 13.1322

Since Inception

10 Years

5 Years

3 Years

1 Year

1,510,000 4,354,468 15.75 N.A. N.A.

1,200,000 2,993,110 17.51 12.59 11.77

600,000 902,902 16.57 12.78 11.35

360,000 417,799 10.14 12.71 11.75

120,000 114,160 -9.49 3.62 5.58

N.A: Since TRI data is not available prior to 29/06/2007 & 31/05/2007 for S&P BSE 100 & S&P BSE Sensex, performance for such period is not provided. Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR.Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Dividend History

Industry Allocation Record Date

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

14-Mar-18

0.60

22.2716

21.6716

28-Dec-17

0.60

25.9583

25.3583

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

29-Sep-17

0.60

23.2492

22.6492

Portfolio Turnover (Times)

14-Mar-18

0.60

26.8731

26.2731

28-Dec-17

0.60

31.1318

30.5318

29-Sep-17

0.60

27.6978

27.0978

Volatility Measures Standard Deviation Beta Sharpe Ratio

5.13 1.15 0.07

Dividend Plan

Direct - Dividend Plan

1.03

Expense Ratio^ Regular/Other than Direct

1.78

Direct

1.03

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at Moderately High risk

May 2018

19

Reliance Arbitrage Fund (formerly known as Reliance Arbitrage Advantage Fund)

RAF

Portfolio as on April 30, 2018

Arbitrage Fund Details as on April 30, 2018 Type of Scheme An open ended scheme investing in arbitrage opportunities

Current Investment Philosophy A conservative arbitrage fund that aims to generate income through arbitrage opportunities arising out of pricing mismatch in a security between cash and derivative segment and with derivatives segment along with investments in debt securities and money market instruments. The fund portfolio is completely hedged and takes offsetting positions on various markets simultaneously. The arbitrage fund follows a market neutral strategy and carries no specific equity risk. In the absence of adequate arbitrage opportunities, the scheme may invest in short term debt or money market securities.

Date of Allotment October 14, 2010

Company/Issuer Auto Maruti Suzuki India Limited* Tata Motors Limited Cement Grasim Industries Limited* Construction DLF Limited Consumer Durables Titan Company Limited* Ferrous Metals JSW Steel Limited* Tata Steel Limited* Finance Indiabulls Housing Finance Limited* Housing Development Finance Corporation Limited* Power Finance Corporation Limited Non - Ferrous Metals Vedanta Limited* Pharmaceuticals Sun Pharmaceutical Industries Limited* Dr. Reddy's Laboratories Limited Telecom - Services Bharti Airtel Limited*

% of Assets 3.79 1.30 1.36 1.15 1.84 3.21 1.96 3.71 2.32 1.03 1.37 5.41 1.10 3.69

Company/Issuer Commercial Paper Bahadur Chand Investments Pvt Limited Manappuram Finance Limited Aditya Birla Finance Limited India Infoline Finance Limited JM Financial Products Limited Piramal Enterprises Limited IIFL Wealth Finance Limited Tata Motors Finance Limited Capital First Limited Shriram Transport Finance Company Limited Dewan Housing Finance Corporation Limited Indiabulls Commercial Credit Limited Kotak Securities Limited Indiabulls Housing Finance Limited Corporate Bond Reliance Commercial Finance Limited Yes Bank Limited State Bank of India Equity Less Than 1% of Corpus Derivatives, Cash and Other Receivables Grand Total

% of Assets 4.29 1.56 1.11 0.65 0.19 0.13 0.13 0.07 0.07 0.07 0.06 0.06 0.06 0.06 0.06 5.23 3.25 1.92 0.07 38.45 18.80 100.00 *Top 10 Holdings

Fund Manager Payal Wadhwa Kaipunjal

Benchmark Crisil Liquid Fund Index

SIP - If you invested ` 10000 every month in RAF

Fund Size Monthly Average: ` 7,606.79 Cr Month End: ` 7,663.59 Cr

NAV as on April 30, 2018 ` ` ` ` ` `

Growth Plan Dividend Plan Monthly Dividend Plan Direct - Growth Plan Direct - Dividend Plan Direct - Monthly Dividend Plan

17.8778 12.0947 10.5659 18.3672 12.6773 10.8510

Volatility Measures Standard Deviation Beta Sharpe Ratio

Since Inception 5 Years 3 Years 1 Year Total Amount Invested (`) 910,000 600,000 360,000 120,000 Market Value (`) 1,208,359 709,496 394,794 123,828 Scheme Return (%) 7.39 6.71 6.20 6.29 B: Crisil Liquid Fund Index Return (%) 7.89 7.52 7.04 6.96 AB: S&P BSE Sensex (TRI) Return (%) 12.97 13.49 15.85 16.96 Inception Date: October 14, 2010 Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Dividend History

Industry Allocation Record Date

0.15 0.72 0.11

Dividend Plan 23-Mar-18 26-Dec-17 25-Sep-17 Direct - Dividend Plan 23-Mar-18 26-Dec-17 25-Sep-17 Monthly Dividend Plan 23-Apr-18 23-Mar-18 19-Feb-18 Direct - Monthly Dividend Plan 23-Apr-18 23-Mar-18 19-Feb-18

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

16.17

Expense Ratio^ Regular/Other than Direct

1.00

Direct

0.40

Load structure

Cum Dividend NAV

Ex-Dividend NAV

0.2 0.15 0.15

12.2281 12.1599 12.1516

12.0281 12.0099 12.0016

0.2 0.15 0.15

12.8004 12.7027 12.6683

12.6004 12.5527 12.5183

0.04 0.10 0.05

10.6148 10.6575 10.6524

10.5648 10.5575 10.6024

0.04 0.10 0.05

10.8988 10.9348 10.9220

10.8488 10.8348 10.872

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Entry Load: Nil Exit Load: 0.25% if redeemed or switched out on or before completion of 1 month from the date of allotment of units. Nil, thereafter.

Rate (`/ Unit)

Product Label This product is suitable for investors who are seeking*: — Income over short term — Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

20

May 2018

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

Investors understand that their principal will be at Moderately Low risk

Fundamentals

Reliance Japan Equity Fund

RJEF Portfolio as on April 30, 2018

Thematic (International) Details as on April 30, 2018 Type of Scheme An open ended equity scheme following Japan focused theme.

Current Investment Philosophy The Fund endeavors to create a portfolio of companies which are leaders or potential leaders in the growth oriented sectors of Japan and are listed on recognized stock exchanges of Japan, using a blend of top down and bottom up approach without any extreme sector bias.

Date of Allotment August 26, 2014

Fund Manager Jahnvee Shah, Anju Chhajer

Benchmark TOPIX (Tokyo Stock Price Index)

Company/Issuer Apparel Retail Fast Retailing Co Ltd* Auto Parts & Equipment Sumitomo Elec Indust Automobile Manufacturers Toyota Motor Corp Building Products Toto Ltd* Daikin Industries Ltd Chemicals Toray Industries Inc Construction & Farm Machinery & Heavy Trucks Komatsu Ltd* Diversified Banks Mitsubishi UFJ Financial Group Inc Diversified Real Estate Activities Mitsui Fudosan Co* Daiwa House Industry Electrical Equipment Nidec Corporation* Electronic Equipment & Instruments Hitachi Ltd Gas Utilities Tokyo Gas Co Ltd* IT Consulting & Other Services NTT Data Corporation* Industrial Machinery NSK Limited Integrated Telecommunication Services NTT Corp*

% of Assets 3.35 2.22 2.24 2.37 2.22 2.20 2.34 2.24 2.44 2.09 2.38 2.23 2.34 2.33 2.20 2.35

Company/Issuer Investment Banking & Brokerage Nomura Holdings Inc Leisure Equipment & Products Namco Bandai Holdings Inc Shimano Inc Other Diversified Financial Services Orix Corporation Packaged Foods Nisshin Seifun Group Inc* Personal Products Kao Corporation Professional Services Temp Holdings Co Ltd Property & Casualty Insurance Msand Ad Insurance Group Holdings Inc* Railroads East Japan Railway Security & Alarm Services Secom Co Ltd Soft Drinks Suntory Beverage And Food Ltd Specialty Chemicals Shin Etsu Chemical Co Tires & Rubber Bridgestone Corp Tobacco Japan Tobacco Inc Cash and Other Receivables Grand Total

Fund Size

% of Assets 2.20 2.19 2.02 2.27 2.58 2.18 1.99 2.42 2.19 2.28 2.25 2.29 2.23 2.14 31.21 100.00 *Top 10 Holdings

Monthly Average: ` 13.83 Cr Month End: ` 17.58 Cr

SIP - If you invested ` 10000 every month in RJEF

NAV as on April 30, 2018 Growth Plan Dividend Payout Option Bonus Option Direct - Growth Plan Direct - Dividend Payout Option Direct - Bonus Option

` ` ` ` ` `

12.8016 12.8016 12.8016 13.1439 13.1439 13.1439

Volatility Measures Standard Deviation Beta Sharpe Ratio

3.34 0.58 -0.02

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

Total Amount Invested (`) Market Value (`) Scheme Return (%) B: Topix (TRI) Return (%) AB: S&P BSE Sensex (TRI) Return (%)

Since Inception

3 Years

1 Year

440,000 510,939 8.27 9.94 10.08

360,000 410,069 8.84 10.38 11.78

120,000 128,652 14.62 5.79 5.58

Inception Date: August 26, 2014 Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Industry Allocation

0.42

Expense Ratio^ Regular/Other than Direct

1.87

Direct

0.95

Load structure Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities of companies listed on recognized stock exchange of Japan Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at High risk

May 2018

21

Reliance US Equity Opportunities Fund

RUSEOF

Portfolio as on April 30, 2018

Thematic (International) Details as on April 30, 2018 Type of Scheme An open ended equity scheme following US focused theme.

Current Investment Philosophy The fund endeavours to invest in a portfolio of high quality stocks listed on recognized stock exchanges of US. The investment strategy of the fund would be powered by the research support of Morningstar Investment Adviser India Private Limited (MIA), a group company of Morningstar, Inc. Morningstar employs their proprietary research methodology, focused on Economic Moats, to identify investment opportunity. The fund proposes to follow the Hare Strategy for its investments. The Hare portfolio invests in stocks of firms that are experiencing rapid growth, emphasizing those that possess sustainable competitive advantages. Companies in this strategy tend to faster-growing with both higher risk and higher return potential. The investment philosophy would be a blend of top down and bottom up approach without any sector or market capitalization bias.

Company/Issuer Automotive Retail O'Reilly Automotive Inc* Carmax Inc Consumer Durables Lowes Cos Inc* Data Processing & Outsourced Services Mastercard Incorporated* Visa Inc* Diversified Metals & Mining Compass Minerals International Inc Finance Blackrock Inc Health Care Distributors Amerisource Bergen Corp* Health Care Services Express Scripts Holding Co Health Care Supplies Cooper Companies Inc Health Care Technology Cerner Corp Hotels, Resorts And Other Recreational Activities Starbucks ORD

% of Assets 4.83 2.22 4.48 10.76 4.80 2.43 2.21 4.96 2.40 2.96 2.41 2.10

Company/Issuer Internet Retail Booking Holdings Inc* Internet Software & Services Alphabet Inc A* Facebook Inc* Alphabet Inc Ebay Inc Baidu Inc Spon ADR Life Sciences Tools & Services Iqvia Holdings* Managed Health Care Unitedhealth Group Inc Anthem INC Miscellaneous Ventas Inc Oil Enbridge Inc* Cash and Other Receivables Grand Total

% of Assets 7.96 6.59 5.79 3.01 2.70 2.56 5.21 3.22 2.11 3.46 4.01 6.82 100.00 *Top 10 Holdings

Date of Allotment

SIP - If you invested ` 10000 every month in RUSEOF Since Inception

1 Year

Total Amount Invested (`)

330,000

120,000

Fund Manager

Market Value (`)

380,724

123,969

Jahnvee Shah, Anju Chhajer

Scheme Return (%)

10.68

6.62

B: S&P 500 (TRI) Return (%)

14.62

10.44

AB: S&P BSE Sensex (TRI) Return (%)

12.57

5.58

July 23, 2015

Benchmark

Inception Date: July 23, 2015

S&P 500

Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized a nd cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

Fund Size Monthly Average: ` 13.09 Cr Month End: ` 13.52 Cr

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Industry Allocation

NAV as on April 30, 2018 Growth Plan Dividend Plan Direct - Growth Plan Direct - Dividend Plan

` ` ` `

12.8947 12.8947 13.2455 13.2455

Expense Ratio^ Regular/Other than Direct

2.45

Direct

1.45

Load structure Entry Load: Nil Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities of companies listed on recognized stock exchanges in the US. Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

22

May 2018

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

Investors understand that their principal will be at High risk

Fundamentals

Reliance Liquidity Fund

RLQF Portfolio as on April 30, 2018

Fixed Income - Liquid Details as on April 30, 2018 Type of Scheme An open ended Liquid Scheme

Current Investment Philosophy The portfolio would invest in money market instruments like Certificate of Deposits (CD), Commercial Papers (CP) and other short term instruments issued by banks, financial institutions and corporates. The fund manager would ideally seek to maintain an exposure of less than 15% in instruments issued by Non-Banking Financial Companies (NBFC) under normal circumstances. The average maturity of the portfolio would be in the range of 25 - 50 days.

Date of Allotment June 16, 2005

Fund Manager Amit Tripathi, Vivek Sharma

Company/Issuer Bills Rediscounting HDFC Bank Limited Citibank N.A. IndusInd Bank Limited Certificate of Deposit ICICI Bank Limited Axis Bank Limited The South Indian Bank Limited IDFC Bank Limited AU Small Finance Bank Limited RBL Bank Limited Commercial Paper National Bank For Agriculture and Rural Development Small Industries Dev Bank of India Tata Steel Limited Housing Development Finance Corporation Limited Reliance Industries Limited PNB Housing Finance Limited Vedanta Limited JSW Steel Limited Indiabulls Housing Finance Limited Reliance Jio Infocomm Limited

Rating

% of Assets 17.14 UNRATED 6.43 UNRATED 5.36 UNRATED 5.35 31.46 ICRA A1+ 13.56 ICRA A1+ 5.85 CRISIL A1+ 5.12 CRISIL A1+/ICRA A1+ 3.30 FITCH A1+ 3.10 ICRA A1+ 0.54 61.72 ICRA A1+/CRISIL A1+ 7.38 CARE A1+ FITCH A1+ ICRA A1+

6.31 5.54 4.61

CRISIL A1+/CARE A1+ CARE A1+ CRISIL A1+/FITCH A1+ ICRA A1+ CRISIL A1+ CRISIL A1+/CARE A1+

4.34 4.23 4.07 2.56 2.25 2.24

Benchmark Crisil Liquid Fund Index

Company/Issuer T V Sundram Iyengar & Sons Pvt Ltd Manappuram Finance Limited IIFL Wealth Finance Limited Deutsche Investments India Pvt Limited Barclays Invest & Loans India Limited Nabha Power Limited JM Financial Services Limited IndoStar Capital Finance Limited JM Financial Limited Godrej Industries Limited Aditya Birla Money Limited Shriram Transport Finance Company Limited Gruh Finance Limited Viacom 18 Media Pvt Ltd NTPC Limited Tata Power Company Limited Corporate Bond Housing Development Finance Corporation Limited Power Finance Corporation Limited Power Grid Corporation of India Limited LIC Housing Finance Limited Cash & Other Receivables Grand Total

Rating ICRA A1+ CRISIL A1+ ICRA A1+ CRISIL A1+ CRISIL A1+ ICRA A1+ CARE A1+ CRISIL A1+ ICRA A1+ ICRA A1+ CRISIL A1+ CRISIL A1+ CRISIL A1+ ICRA A1+ CRISIL A1+ CRISIL A1+ CRISIL AAA

% of Assets 2.13 2.04 2.03 2.03 1.93 1.61 1.50 1.41 1.27 1.06 0.53 0.21 0.11 0.11 0.11 0.11 2.14 0.97

CRISIL AAA CRISIL AAA CRISIL AAA

0.54 0.32 0.31 (12.46) 100.00

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Fund Size Monthly Average: ` 5,336.81 Cr

Rating Profile

Month End: ` 4,645.59 Cr

Asset Allocation

Rating

Asset

NAV as on April 30, 2018 Growth Plan Daily Dividend Plan Weekly Dividend Plan Monthly Dividend Plan Quarterly Dividend Plan Bonus Option Direct - Growth Plan Direct - Daily Dividend Plan Direct - Weekly Dividend Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan Direct - Bonus Option

` ` ` ` ` ` ` ` ` ` ` `

2,619.9860 1,001.0762 1,001.4833 1,002.6023 1,012.1298 1,540.8436 2,632.4916 1,001.1045 1,001.4633 1,002.6200 1,011.9929 1,547.9634

Average Maturity

49 days

Modified Duration

46 days

Yield to Maturity*

6.75%

Expense Ratio^ Regular/Other than Direct:

0.24

Direct:

0.14

Load structure Entry Load: Nil Exit Load: Nil

AAA/SOV/A1+/Cash & Other Receivables, 82.86%

Commercial Paper, 61.72%

Certificate of Deposit, 31.46%

Unrated, 17.14%

Bills Rediscounting, 17.14%

Corporate Bond, 2.14%

Cash & Other Receivables, -12.46%

Dividend History Record Date Monthly Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

Record Date Quarterly Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

25-Apr-18

4.6640

1,008.1831

1,001.7082

19-Mar-18

11.5994

1,019.6038

1,003.5440

26-Mar-18

3.9395

1,007.2230

1,001.7687

19-Dec-17

11.3244

1,018.8850

1,003.2060

26-Feb-18 Direct - Monthly Dividend Plan

4.1319

1,007.5687

1,001.8480

19-Sep-17 11.7044 Direct - Quarterly Dividend Plan

1,019.3909

1,003.1857

25-Apr-18

4.7212

1,008.2681

1,001.7138

19-Mar-18

11.8212

1,019.6592

1,003.2924

26-Mar-18

4.0019

1,007.3147

1,001.7740

19-Dec-17

11.5058

1,018.8918

1,002.9616

26-Feb-18

4.1954

1,007.6715

1,001.8628

19-Sep-17

11.8875

1,019.4007

1,002.9420

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`1000.

*excluding other receivables YTM including other receivables: 7.61%

Product Label This product is suitable for investors who are seeking*: — Income over short term

Special Feature: Reliance Any Time Money Card

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

— Investment in debt and money market instruments *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Low risk

May 2018

23

Reliance Liquid Fund - Treasury Plan

RLF-TP Portfolio as on April 30, 2018

Fixed Income - Liquid Details as on April 30, 2018 Type of Scheme An open ended Liquid Scheme

Current Investment Philosophy It will be a mix portfolio with a varying allocation to the Debt and Money Market Instruments with a view to maximize returns while ensuring adequate liquidity. The average maturity of the portfolio will be in the range of 25-50 days under normal market conditions.

Date of Allotment December 9, 2003

Fund Manager Anju Chhajer

Benchmark Crisil Liquid Fund Index

Fund Size Monthly Average: ` 31,942.76 Cr Month End: ` 30,042.94 Cr

NAV as on April 30, 2018 Growth Plan Daily Dividend Plan Weekly Dividend Plan Monthly Dividend Plan Quarterly Dividend Plan Direct - Growth Plan Direct - Daily Dividend Plan Direct - Weekly Dividend Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan Retail - Growth Plan Retail - Daily Dividend Plan Retail - Weekly Dividend Plan Retail - Monthly Dividend Plan Retail - Quarterly Dividend Plan

` ` ` ` ` ` ` ` ` ` ` ` ` ` `

4,245.9243 1,529.5798 1,531.1407 1,587.2332 1,012.4680 4,264.0017 1,529.5898 1,531.1507 1,590.5607 1,014.8453 3,939.8889 1,525.0083 1,034.6618 1,329.1295 1,225.5383

Average Maturity

56 days

Modified Duration

53 days

Yield to Maturity*

6.80%

Company/Issuer Rating % of Assets Bills Rediscounting 4.14 HDFC Bank Limited UNRATED 3.98 Citibank N.A. UNRATED 0.17 Certificate of Deposit 23.19 IDFC Bank Limited ICRA A1+ 8.25 Axis Bank Limited ICRA A1+/CRISIL A1+ 5.17 ICICI Bank Limited ICRA A1+/CARE A1+ 1.99 The South Indian Bank Limited CARE A1+ 1.44 The Jammu & Kashmir Bank Limited CRISIL A1+ 1.37 The Karnataka Bank Limited ICRA A1+ 0.99 Yes Bank Limited ICRA A1+ 0.99 Equitas Small Finance Bank Limited CRISIL A1+ 0.81 Vijaya Bank CARE A1+/CRISIL A1+ 0.78 RBL Bank Limited ICRA A1+ 0.64 Ujjivan Small Finance Bank Limited CRISIL A1+ 0.41 Abu Dhabi Commercial Bank PJSC CRISIL A1+ 0.33 Small Industries Dev Bank of India CARE A1+ 0.03 Commercial Paper 75.63 National Bank For Agriculture and Rural Development ICRA A1+ 10.84 Reliance Industries Limited CRISIL A1+/CARE A1+ 10.84 Vedanta Limited CRISIL A1+ 4.75 Housing Development Finance Corporation Limited ICRA A1+ 4.13 Small Industries Dev Bank of India CARE A1+ 3.59 SBI Cards & Payment Services Pvt Limited CRISIL A1+ 2.94 India Infoline Finance Limited ICRA A1+/CRISIL A1+ 1.65 National Fertilizers Limited ICRA A1+ 1.65 Tata Steel Limited FITCH A1+ 1.64 LIC Housing Finance Limited CRISIL A1+ 1.64 Grasim Industries Limited CRISIL A1+ 1.63 Bahadur Chand Investments Pvt Limited CARE A1+/ICRA A1+ 1.45 Indiabulls Housing Finance Limited CRISIL A1+ 1.38 Gruh Finance Limited CRISIL A1+ 1.32 Piramal Finance Limited ICRA A1+ 1.31 Muthoot Finance Limited CRISIL A1+ 1.28 Manappuram Finance Limited CRISIL A1+ 1.13 Dewan Housing Finance Corporation Limited CRISIL A1+ 1.07 Talwandi Sabo Power Limited CRISIL A1+(SO) 0.99 National Housing Bank CRISIL A1+ 0.99 Tata Capital Financial Services Limited CRISIL A1+ 0.99 PNB Housing Finance Limited CARE A1+ 0.98 Indiabulls Commercial Credit Limited CRISIL A1+ 0.96 Shriram City Union Finance Limited CARE A1+ 0.96 RELIANCE RETAIL LTD CARE A1+ 0.91 IVL Finance Limited BWR A1+ 0.82 L & T Infrastructure Finance Company Limited CARE A1+ 0.81 Housing & Urban Development Corporation Limited CARE A1+ 0.81 Nabha Power Limited ICRA A1+ 0.73 Trapti Trading & Invest Pvt Limited ICRA A1+ 0.71 United Spirits Limited CRISIL A1+ 0.66

Company/Issuer Rating Tata Capital Housing Finance Limited CRISIL A1+ Deutsche Investments India Pvt Limited CRISIL A1+ Bharti Telecom Limited CRISIL A1+ Piramal Enterprises Limited ICRA A1+ Magma Fincorp Limited CRISIL A1+ L&T Finance Limited CARE A1+ Axis Finance Limited CRISIL A1+ GIC Housing Finance Limited CRISIL A1+ TGS Investment & Trade Pvt Limited ICRA A1+ HDFC Credila Financial Services Pvt Limited CRISIL A1+ Bharat Aluminium Company Limited CRISIL A1+ HT Media Limited ICRA A1+ IndoStar Capital Finance Limited CRISIL A1+ Ambadi Investments Limited CRISIL A1+ Coromandel International Limited CRISIL A1+ Capital First Limited CARE A1+ EID Parry India Limited CRISIL A1+ Clix Capital Services Pvt Ltd CRISIL A1+ Standard Chartered Invest & Loans Limited CRISIL A1+ Birla TMT Holdings Pvt Limited CRISIL A1+ JM Financial Capital Limited ICRA A1+ Aditya Birla Money Limited CRISIL A1+ Clix Finance India Private Limited CRISIL A1+ Network18 Media & Investments Limited ICRA A1+ Shapoorji Pallonji Finance Private Limited CRISIL A1+ JM Financial Services Limited ICRA A1+ India Infoline Housing Finance Limited ICRA A1+ HDB Financial Services Limited CRISIL A1+ JM Financial Products Limited ICRA A1+ Adani Transmission Limited ICRA A1+ IIFL Wealth Finance Limited ICRA A1+ Corporate Bond National Bank For Agriculture and Rural Development CRISIL AAA LIC Housing Finance Limited CRISIL AAA Housing Development Finance Corporation Limited CRISIL AAA Ashok Leyland Limited ICRA AA Power Finance Corporation Limited CRISIL AAA Gruh Finance Limited CRISIL AAA Tata Capital Housing Finance Limited CRISIL AA+ Power Grid Corporation of India Limited CRISIL AAA Piramal Enterprises Limited ICRA AA Kotak Mahindra Prime Limited CRISIL AAA Floating Rate Note Cholamandalam Investment and Finance ICRA AA+ Company Limited Zero Coupon Bond JM Financial Products Limited CRISIL AA Cash & Other Receivables Grand Total

% of Assets 0.66 0.65 0.65 0.64 0.64 0.60 0.58 0.50 0.49 0.48 0.48 0.48 0.41 0.33 0.33 0.31 0.25 0.20 0.17 0.17 0.16 0.16 0.16 0.16 0.16 0.16 0.02 0.02 0.02 0.02 0.02 2.61 0.73 0.43 0.33 0.25 0.23 0.17 0.17 0.13 0.10 0.06 0.67 0.67 0.14 0.14 (6.39) 100.00

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Rating Profile

Asset Allocation Asset

Rating

AAA/SOV/A1+/Cash & Other Receivables, 94.53% AA+, 0.83%

Commercial Paper, 75.63% Certificate of Deposit, 23.19% Bills Rediscounting, 4.14% Corporate Bond, 2.61% Floating Rate Note, 0.67% Zero Coupon Bond, 0.14% Cash & Other Receivables, -6.39%

AA, 0.50%

Unrated, 4.14%

Dividend History

Expense Ratio^ Regular/Other than Direct:

0.22

Direct:

0.14

Load structure Entry Load: Nil Exit Load: Nil *excluding other receivables YTM including other receivables: 7.82%

Record Date Rate (`/ Unit) Monthly Dividend Plan 25-Apr-18 7.4123 26-Mar-18 6.4526 26-Feb-18 6.6068 Retail Monthly Dividend Plan 25-Apr-18 5.5195 26-Mar-18 4.7595 26-Feb-18 4.8156 Direct - Monthly Dividend Plan 25-Apr-18 7.5016 26-Mar-18 6.5364 26-Feb-18 6.6973

Cum Dividend NAV

Ex-Dividend NAV

1,596.0615 1,594.8165 1,595.2283

1,585.7712 1,585.8827 1,586.0810

1,335.7263 1,334.7471 1,334.9913

1,328.0637 1,328.1574 1,328.3240

1,599.4926 1,598.2397 1,598.6613

1,589.0784 1,589.1899 1,589.3886

Record Date Rate (`/ Unit) Quarterly Dividend Plan 19-Mar-18 11.8110 19-Dec-17 11.4737 19-Sep-17 11.9131 Direct - Quarterly Dividend Plan 19-Mar-18 11.9803 19-Dec-17 11.6448 19-Sep-17 12.0853 Retail - Quarterly Dividend 19-Mar-18 12.4060 19-Dec-17 12.0009 19-Sep-17 12.5128

Cum Dividend NAV

Ex-Dividend NAV

1,020.1880 1,019.3225 1,019.9276

1,003.8353 1,003.4368 1,003.4335

1,022.6874 1,021.8225 1,022.4287

1,006.1003 1,005.6999 1,005.6962

1,233.4823 1,232.4455 1,233.1406

1,216.3058 1,215.8299 1,215.8162

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value - `1000.

Product Label This product is suitable for investors who are seeking*: — Income over short term Special Feature: Reliance Any Time Money Card

— Investment in debt and money market instruments

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

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

24

May 2018

Investors understand that their principal will be at Low risk

Fundamentals

Reliance Liquid Fund - Cash Plan

RLF-CP Portfolio as on April 30, 2018

Fixed Income - Liquid Details as on April 30, 2018

Company/Issuer

Rating

% of Assets

Company/Issuer

Rating

24.36

Azim Premji Trust

ICRA A1+

2.73

Certificate of Deposit

Type of Scheme An open ended Liquid Scheme

Current Investment Philosophy It will be a mix portfolio with a varying allocation to the Debt and Money Market Instruments with a view to maximize returns while ensuring adequate liquidity. The average maturity of the portfolio will be in the range of 40 - 65 days under normal market conditions.

Date of Allotment December 7, 2001

Fund Manager Anju Chhajer, Vivek Sharma

Benchmark Crisil Liquid Fund Index

% of Assets

Axis Bank Limited

ICRA A1+

9.66

JM Financial Limited

ICRA A1+

1.93

IDFC Bank Limited

ICRA A1+

4.84

JM Financial Capital Limited

ICRA A1+

1.92

ICICI Bank Limited

ICRA A1+

4.56

ICRA A1+

1.84

Yes Bank Limited

ICRA A1+

3.87

Sundaram BNP Paribas Home Finance Limited

Ujjivan Small Finance Bank Limited

CRISIL A1+

Commercial Paper

1.44

PNB Housing Finance Limited

ICRA A1+/CARE A1+

1.55

69.22

India Infoline Finance Limited

ICRA A1+

1.23

CRISIL A1+

1.07

CARE A1+

0.89

Reliance Jio Infocomm Limited

CARE A1+

9.60

JM Financial Services Limited

National Bank For Agriculture and Rural Development

ICRA A1+

7.66

Tata Value Homes Limited

Housing Development Finance Corporation Limited

ICRA A1+

Bharat Aluminium Company Limited Indiabulls Ventures Limited

Dewan Housing Finance Corporation Limited CRISIL A1+

0.48

6.75

Housing & Urban Development Corporation Limited

0.31

CRISIL A1+

4.81

Corporate Bond

BWR A1+

4.75

CRISIL AAA

3.13

Gruh Finance Limited

CRISIL A1+

3.87

Housing Development Finance Corporation Limited

Vedanta Limited

CRISIL A1+

3.80

Power Finance Corporation Limited

CRISIL AAA

0.49

SBI Cards & Payment Services Pvt Limited

CRISIL A1+

3.78

Aditya Birla Fashion and Retail Limited

ICRA AA

0.09

ICICI Securities Limited

CRISIL A1+

3.70

LIC Housing Finance Limited

CRISIL AAA

0.08

Trust Investment Advisors Private Limited

CARE A1+

3.41

Cash & Other Receivables

Walwhan Renewable Energy Limited

FITCH A1+(SO)

3.12

Grand Total

CARE A1+

3.79

2.63 100.00

Fund Size Monthly Average: ` 7,751.44 Cr Month End: ` 5,111.90 Cr

NAV as on April 30, 2018 Growth Plan Daily Dividend Plan Weekly Dividend Plan Monthly Dividend Plan Quarterly Dividend Plan Direct - Growth Plan Direct - Daily Dividend Plan Direct - Weekly Dividend Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan

` ` ` ` ` ` ` ` ` `

2,707.5338 1,114.6741 1,092.2035 1,001.8085 1,011.1275 2,822.6431 1,114.7601 1,092.2877 1,003.7539 1,018.1901

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Rating Profile Rating

Asset Allocation Asset

Average Maturity

52 days

Modified Duration

49 days

AAA/SOV/A1+/Cash & Other Receivables, 99.91%

Yield to Maturity*

6.85%

AA, 0.09%

Commercial Paper, 69.22%

Certificate of Deposit, 24.36%

Corporate Bond, 3.79%

Cash & Other Receivables, 2.63%

Expense Ratio^ Regular/Other than Direct:

1.07

Direct:

0.13

Load structure

Dividend History Record Date Monthly Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

Record Date Quarterly Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

25-Apr-18

4.0609

1,006.7302

1,001.0926

19-Mar-18

10.4598

1,018.2346

1,003.7527

Entry Load: Nil

26-Mar-18

3.6314

1,006.2202

1,001.1924

19-Dec-17

10.1206

1,017.4299

1,003.4176

Exit Load: Nil

26-Feb-18 Direct - Monthly Dividend Plan

3.6829

1,006.4281

1,001.3290

19-Sep-17 10.5016 Direct - Quarterly Dividend Plan

1,017.9789

1,003.4391

*excluding other receivables YTM including other receivables: 6.83%

25-Apr-18

4.6276

1,009.3316

1,002.9072

19-Mar-18

12.2338

1,026.6103

1,009.6722

26-Mar-18

4.1616

1,008.7687

1,003.0068

19-Dec-17

11.9086

1,025.8182

1,009.3303

26-Feb-18

4.2890

1,009.0811

1,003.1428

19-Sep-17

12.3097

1,026.3914

1,009.3482

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`1000.

Product Label This product is suitable for investors who are seeking*: — Income over short term Special Feature: Reliance Any Time Money Card

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

— Investment in debt and money market instruments *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Low risk

May 2018

25

Reliance Money Manager Fund

RMMF Portfolio as on April 30, 2018

Fixed Income - Ultra Short Term Details as on April 30, 2018 Type of Scheme An open ended Income Scheme

Current Investment Philosophy A major part of the portfolio gets allocated to instruments whose average maturity exceeds 12 months. ~15% - 30% allocation made in relatively higher carry assets of 9-18 months would give the portfolio, carry advantage and roll down benefit over a 3-6 months period.

Date of Allotment March 20, 2007

Fund Manager Amit Tripathi, Anju Chhajer

Benchmark Crisil Liquid Fund Index

Fund Size Monthly Average: ` 15,388.56 Cr Month End: ` 16,631.18 Cr

NAV as on April 27, 2018 Growth Plan Dividend Plan Daily Dividend Plan Weekly Dividend Plan Monthly Dividend Plan Quarterly Dividend Plan Bonus Option Direct - Growth Plan Direct - Dividend Plan Direct - Daily Dividend Plan Direct - Weekly Dividend Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan Direct - Bonus Option Retail - Growth Plan Retail - Daily Dividend Plan Retail - Weekly Dividend Plan Retail - Monthly Dividend Plan Retail - Quarterly Dividend Plan Retail - Bonus Option

` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` `

Average Maturity

264 days

Modified Duration

239 days

Yield to Maturity*

7.75%

2,399.0397 1,315.8654 1,006.1750 1,006.1739 1,006.3682 1,012.7534 1,392.8983 2,443.8153 1,332.1339 1,006.2631 1,006.2633 1,009.5764 1,013.1686 1,419.6084 2,310.8615 1,006.0539 1,006.0536 1,008.2547 1,028.9640 1,721.9561

Expense Ratio^ Regular/Other than Direct:

0.58

Direct:

0.26

Load structure Entry Load: Nil Exit Load: Nil

Company/Issuer Certificate of Deposit Axis Bank Limited IndusInd Bank Limited ICICI Bank Limited HDFC Bank Limited Small Industries Dev Bank of India AU Small Finance Bank Limited National Bank For Agriculture and Rural Development RBL Bank Limited The Jammu & Kashmir Bank Limited Credit Suisse AG Indian Bank Branch Commercial Paper National Bank For Agriculture and Rural Development Reliance Jio Infocomm Limited Reliance Industries Limited Bharti Telecom Limited Housing & Urban Development Corporation Limited Piramal Finance Limited IIFL Wealth Finance Limited Talwandi Sabo Power Limited Gruh Finance Limited Bahadur Chand Investments Pvt Limited Housing Development Finance Corporation Limited Tata Capital Financial Services Limited Deutsche Investments India Pvt Limited Indiabulls Housing Finance Limited Piramal Enterprises Limited Vedanta Limited India Infoline Housing Finance Limited Shriram Transport Finance Company Limited Kotak Mahindra Investments Limited RELIANCE RETAIL LTD Bharat Aluminium Company Limited Manappuram Finance Limited Motilal Oswal Securities Limited Kotak Securities Limited Azim Premji Trust Haldia Energy Limited Indus Towers Limited Dewan Housing Finance Corporation Limited Aditya Birla Housing Finance Limited Indiabulls Commercial Credit Limited Sun Pharma Laboratories Limited L & T Infrastructure Finance Company Limited Power Finance Corporation Limited Adani Ports and Special Economic Zone Limited Corporate Bond Power Finance Corporation Limited ONGC Petro Additions Limited Small Industries Dev Bank of India

Rating

% of Assets 19.26 5.25 4.62 2.91 2.83 2.15 1.12 0.31 0.03 0.03 0.01 24.31 ICRA A1+ 6.27 CARE A1+/CRISIL A1+ 3.98 CRISIL A1+/CARE A1+ 2.67 CRISIL A1+ 2.29 CARE A1+ 1.17 ICRA A1+ 1.17 ICRA A1+ 1.14 CRISIL A1+(SO) 0.99 CRISIL A1+ 0.95 CARE A1+/ICRA A1+ 0.63 ICRA A1+ 0.59 CRISIL A1+ 0.59 CRISIL A1+ 0.58 CRISIL A1+ 0.20 ICRA A1+/CRISIL A1+ 0.12 CRISIL A1+ 0.12 CRISIL A1+/ICRA A1+ 0.09 CRISIL A1+ 0.09 ICRA A1+ 0.08 CRISIL A1+ 0.06 ICRA A1+/CRISIL A1+ 0.06 CRISIL A1+ 0.06 ICRA A1+ 0.06 ICRA A1+ 0.03 CRISIL A1+ 0.03 CARE A1+ 0.03 ICRA A1+ 0.03 CRISIL A1+ 0.03 ICRA A1+ 0.03 CRISIL A1+ 0.03 ICRA A1+ 0.03 ICRA A1+ 0.03 CRISIL A1+ 0.03 ICRA A1+ 0.03 49.90 CRISIL AAA 5.30 CARE AAA(SO) 5.12 CARE AAA 3.92 ICRA A1+/CRISIL A1+ CRISIL A1+ ICRA A1+ CARE A1+/ICRA A1+ CARE A1+ CRISIL A1+ CRISIL A1+ ICRA A1+ CRISIL A1+ CRISIL A1+

Company/Issuer Citicorp Finance India Limited Rural Electrification Corporation Limited Nabha Power Limited Indiabulls Housing Finance Limited National Bank For Agriculture and Rural Development Housing Development Finance Corporation Limited LIC Housing Finance Limited Reliance Jio Infocomm Limited Aditya Birla Finance Limited Shriram Transport Finance Company Limited Piramal Enterprises Limited Export Import Bank of India Capital First Limited National Housing Bank Nuvoco Vistas Corporation Limited Tata Capital Financial Services Limited Hinduja Leyland Finance Limited Cholamandalam Investment and Finance Company Limited Reliance Utilities & Power Pvt Limited Power Grid Corporation of India Limited Manappuram Finance Limited Vodafone Mobile Services Limited Indian Railway Finance Corporation Limited Gruh Finance Limited HDB Financial Services Limited Dewan Housing Finance Corporation Limited L & T Infrastructure Finance Company Limited JM Financial Credit Solution Limited UltraTech Cement Limited Tata Motors Limited NTPC Limited Tata Capital Housing Finance Limited ICICI Home Finance Company Limited Floating Rate Note Shriram Transport Finance Company Limited State Government Bond State Government Securities Zero Coupon Bond Bharti Telecom Limited JM Financial Products Limited Housing Development Finance Corporation Limited IDFC Bank Limited National Bank For Agriculture and Rural Development Shriram Transport Finance Company Limited PTC Sansar Trust MFL Securitisation Trust Cash & Other Receivables Grand Total

Rating Profile Rating

Asset

AAA/SOV/A1+/Cash & Other Receivables, 87.08%

Corporate Bond, 49.90%

Commercial Paper, 24.31%

AA+, 7.44%

Certificate of Deposit, 19.26%

Zero Coupon Bond, 2.29%

AA, 3.99%

PTC, 2.09%

Floating Rate Note, 0.15%

AA-, 1.49%

State Government Bond, 0.08%

Cash & Other Receivables, 1.91%

Dividend History Record Date Rate (`/ Unit) Dividend Plan 19-Sep-14 57.8673 Direct - Dividend Plan 19-Sep-14 61.1289 Monthly Dividend Plan 19-Apr-18 5.4358 19-Mar-18 4.6533 20-Feb-18 3.9635 Retail Monthly Dividend Plan 19-Apr-18 5.1695 19-Mar-18 4.4237 20-Feb-18 3.7179 Direct - Monthly Dividend Plan 19-Apr-18 5.6499 19-Mar-18 4.8452 20-Feb-18 4.1699

Cum Dividend NAV

Ex-Dividend NAV

1,078.3435

1,004.0853

1,082.6239

1,004.1802

1,014.4994 1,014.9803 1,013.9065

1,006.9531 1,008.5376 1,008.4189

1,016.1026 1,016.6375 1,015.5418

1,008.9259 1,010.5127 1,010.3943

1,017.9447 1,018.3995 1,017.3460

1,010.1012 1,011.6912 1,011.5727

Record Date Rate (`/ Unit) Quarterly Dividend Plan 19-Mar-18 10.7298 19-Dec-17 10.3844 19-Sep-17 13.2586 Direct - Quarterly Dividend Plan 19-Mar-18 11.3261 19-Dec-17 10.9724 19-Sep-17 13.8564 Retail - Quarterly Dividend Plan 19-Mar-18 10.1221 19-Dec-17 9.7349 19-Sep-17 12.6440 Bonus Option Bonus Ratio 26-Feb-14 17:2 29-Oct-12 3:1

Cum Dividend NAV

Ex-Dividend NAV

1,022.2443 1,020.2566 1,025.5966

1,007.3886 1,005.8791 1,007.2396

1,023.1475 1,021.1483 1,026.5011

1,007.4662 1,005.9566 1,007.3165

1,037.9988 1,035.9374 1,041.3488

1,023.9844 1,022.4591 1,023.8428

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`1000.

Product Label This product is suitable for investors who are seeking*: — Income over short term

Special Feature: Reliance Any Time Money Card

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

May 2018

0.83 0.67 0.61 0.60 0.49 0.45 0.42 0.38 0.36 0.17 0.09 0.06 0.02 0.02 0.02 0.15 CRISIL AA+ 0.15 0.08 SOV 0.08 2.29 CRISIL AA+ 1.22 CRISIL AA 0.66 CRISIL AAA 0.33 ICRA AAA 0.06 CRISIL AAA 0.02 FITCH AA+ 0.00 2.09 ICRA AAA(SO)/CRISIL AAA(SO) 1.81 ICRA AAA(SO) 0.27 1.91 100.00

Asset Allocation

— Investment in debt and money market instruments

26

CRISIL AAA CRISIL AAA CRISIL AACRISIL AA CRISIL AAA CRISIL AAA CRISIL AAA CARE AAA CARE AAA FITCH AA CRISIL AAA CARE AA+ CRISIL AAA CRISIL AA+ ICRA AAA

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

*excluding other receivables YTM including other receivables: 7.67% Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Rating % of Assets ICRA AAA 3.01 CRISIL AAA 2.90 ICRA AAA(SO) 2.54 ICRA AAA/CARE AAA/ 2.52 CRISIL AAA CRISIL AAA 1.95 CRISIL AAA 1.89 CRISIL AAA/CARE AAA 1.81 CRISIL AAA 1.73 CARE AA+ 1.52 FITCH AA+ 1.50 ICRA AA 1.45 CRISIL AAA 1.39 CARE AA+ 1.20 CRISIL AAA 1.20 CRISIL AA 1.11 ICRA AA+ 0.93 CARE AA0.88 ICRA AA+ 0.85

Investors understand that their principal will be at Moderately Low risk

Fundamentals

Reliance Medium Term Fund

RMTF Portfolio as on April 30, 2018

Fixed Income - Ultra Short Term

Fund Size

Company/Issuer Certificate of Deposit HDFC Bank Limited Small Industries Dev Bank of India IndusInd Bank Limited Axis Bank Limited Commercial Paper Piramal Realty Private Limited Indiabulls Housing Finance Limited Corporate Bond Power Finance Corporation Limited Nabha Power Limited Rural Electrification Corporation Limited Small Industries Dev Bank of India LIC Housing Finance Limited Housing Development Finance Corporation Limited National Bank For Agriculture and Rural Development PNB Housing Finance Limited Ujjivan Small Finance Bank Limited Reliance Industries Limited Manappuram Finance Limited National Housing Bank Piramal Enterprises Limited Capital First Limited Muthoot Finance Limited Dewan Housing Finance Corporation Limited Indiabulls Housing Finance Limited Altico Capital India Limited Oriental Nagpur Betul Highway Limited India Infoline Housing Finance Limited Nirma Limited Motilal Oswal Securities Limited Indian Railway Finance Corporation Limited

Monthly Average: ` 9,946.18 Cr

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Details as on April 30, 2018 Type of Scheme An open ended Income Scheme with no assured returns

Current Investment Philosophy A longer maturity variant UST fund, which invests in Money Market and debt instruments, with higher allocation to CDs, PSU bonds and AAA HFI (housing finance) assets. The fund endeavors to give relatively better returns to liquid funds with moderate volatility over an investment horizon of 3- 9 months. The fund focuses on roll down/ steepening benefits at the shorter end of the curve. Hence predominantly invests in 6 to 24 months high grade liquid assets.

Date of Allotment September 14, 2000

Fund Manager Amit Tripathi, Anju Chhajer

Benchmark Crisil Short Term Bond Fund Index

Month End: ` 9,100.28 Cr

Rating

% of Assets 6.68 2.76 2.32 1.29 0.31 2.10 CARE A1+(SO) 1.07 CRISIL A1+ 1.03 68.36 CRISIL AAA 9.03 ICRA AAA(SO) 5.50 CRISIL AAA 4.78 CARE AAA 3.91 CARE AAA/CRISIL AAA 3.57 CRISIL AAA 2.95 CARE A1+ CARE A1+ CRISIL A1+ CRISIL A1+

CRISIL AAA

2.76

CARE AAA CARE A+/ICRA A+ CRISIL AAA CRISIL AACRISIL AAA ICRA AA BWR AAA/CARE AA+ CRISIL AA CARE AAA CARE AAA/ICRA AAA FITCH AACRISIL AAA(SO) ICRA AA CRISIL AA ICRA AA CRISIL AAA

2.72 2.66 2.26 2.22 2.19 2.18 1.85 1.82 1.65 1.65 1.64 1.51 1.35 1.32 1.28 1.28

Company/Issuer Northern Arc Capital Limited Power Grid Corporation of India Limited Nuclear Power Corporation Of India Limited Aasan Corporate Solutions Private Limited Reliance Jio Infocomm Limited Bajaj Finance Limited JSW Steel Limited Sundaram BNP Paribas Home Finance Limited Inox Air Products Pvt Limited Export Import Bank of India Dalmia Cement (Bharat) Limited Shriram Transport Finance Company Limited L&T Finance Limited Aditya Birla Finance Limited State Government Bond State Government Securities Zero Coupon Bond Bharti Telecom Limited Tata Motors Finance Limited KKR India Financial Services Private Limited Aditya Birla Fashion and Retail Limited Suraj Viniyog Private Limited Bhanu Vyapaar Pvt Limited Raviraj Viniyog Private Limited Suntrack Commerce Private Limited Diwakar Viniyog Private Limited Aasan Corporate Solutions Private Limited Aditya Birla Finance Limited PTC Sansar Trust Cash & Other Receivables Grand Total

Rating Profile

Rating ICRA A+ CRISIL AAA CRISIL AAA ICRA AA-(SO) CRISIL AAA CRISIL AAA CARE AAICRA AA+

% of Assets 1.10 1.00 0.83 0.65 0.56 0.49 0.42 0.33

CRISIL AA CRISIL AAA ICRA AA CRISIL AA+ CARE AAA ICRA AA+

0.27 0.22 0.13 0.12 0.11 0.03 6.30 6.30 11.27 3.05 2.47 1.60 1.13 0.66 0.66 0.55 0.50 0.39 0.24 0.01 2.42 2.42 2.88 100.00

SOV CRISIL AA+ CARE AA+ CRISIL AA+ CRISIL AA BWR AA-(SO) BWR AA-(SO) BWR AA-(SO) BWR AA-(SO) BWR AA-(SO) ICRA AA-(SO) ICRA AA+ ICRA AAA(SO)

Asset Allocation

Asset NAV as on April 27, 2018

Rating

Growth Plan Dividend Plan Daily Dividend Plan Weekly Dividend Plan Monthly Dividend Plan Quarterly Dividend Plan Bonus Option Direct - Growth Plan Direct - Dividend Plan Direct - Daily Dividend Plan Direct - Weekly Dividend Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan Direct - Bonus Option

` ` ` ` ` ` ` ` ` ` ` ` ` `

Average Maturity

1.33 years

Modified Duration

1.17 years

Yield to Maturity*

8.30%

36.4582 11.6803 17.0473 17.0474 11.1604 11.5205 26.0382 37.2315 11.7976 17.0492 17.0492 11.2425 11.6163 26.5814

Expense Ratio^ Regular/Other than Direct:

0.70

Direct:

0.29

Load structure Entry Load: Nil

AAA/SOV/A1+/Cash & Other Receivables, 70.21%

Corporate Bond, 68.36%

Zero Coupon Bond, 11.27%

AA+, 8.60%

AA, 9.48%

Certificate of Deposit, 6.68%

State Government Bond, 6.30%

AA-, 7.95%

A+/A/A-/A1, 3.75%

PTC, 2.42%

Commercial Paper, 2.10%

Cash & Other Receivables, 2.88%

Dividend History Record Date Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

29-Dec-15

0.1464

10.3121

10.1094

20-Apr-18

29-Dec-14

0.1645

10.2902

10.0636

20-Mar-18

22-Sep-14 Direct - Dividend Plan

0.4097

10.5668

29-Dec-15

0.1530

29-Dec-14

0.1720

22-Sep-14 Monthly Dividend Plan

Record Date Rate (`/ Unit) Direct - Monthly Dividend Plan

Cum Dividend NAV

Ex-Dividend NAV

0.0587

11.3396

11.2581

0.0606

11.3559

11.2720

10.0410

20-Feb-18 0.0319 Quarterly Dividend Plan

11.3170

11.2728

10.3268

10.1149

20-Mar-18

0.0995

11.6101

11.4724

10.3036

10.0667

20-Dec-17

0.1023

11.5661

11.4245

0.5244

10.7161

10.0432

20-Sep-17 0.1389 Direct - Quarterly Dividend Plan

11.6229

11.4306

20-Apr-18

0.0560

11.2541

11.1764

20-Mar-18

0.1061

11.7099

11.563

20-Mar-18

0.0575

11.2707

11.1911

20-Dec-17

0.1073

11.6613

11.5128

20-Feb-18

0.0298

11.2332

11.1919

20-Sep-17

0.1496

11.7250

11.5179

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Product Label

Exit Load: Nil

This product is suitable for investors who are seeking*: *excluding other receivables YTM including other receivables: 8.07%

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

— Income over short term — Investment in debt and money market instruments with tenure not exceeding 3 years *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately Low risk

May 2018

27

Reliance Banking & PSU Debt Fund

RBPSUDF Portfolio as on April 30, 2018

Fixed Income - Ultra Short Term

Company/Issuer

Details as on April 30, 2018

Rating

% of Assets

Company/Issuer

Rating

0.57

Small Industries Dev Bank of India

CARE AAA

2.82

0.57

Power Grid Corporation of India Limited

CRISIL AAA

2.42

82.15

HDFC Bank Limited

CRISIL AA+

1.82

CRISIL AAA

10.78

LIC Housing Finance Limited

CRISIL AAA

0.73

Indian Railway Finance Corporation Limited CRISIL AAA

9.71

Rural Electrification Corporation Limited

CRISIL AAA

7.94

Housing Development Finance Corporation Limited

CRISIL AAA

0.49

Power Finance Corporation Limited

CRISIL AAA

7.45

Government Bond

ONGC Petro Additions Limited

CARE AAA(SO)

7.31

Government of India

National Bank For Agriculture and Rural Development

CRISIL AAA

6.42

State Government Bond

State Bank of India

CRISIL AAA/CRISIL AA+

5.90

Certificate of Deposit

Type of Scheme

Axis Bank Limited

An open ended Income Scheme

Corporate Bond

CRISIL A1+

Export Import Bank of India

Current Investment Philosophy Aims to capture short to medium end of the yield curve with a focus on giving returns with moderate volatility. Focus on potential capital gains in the portfolio by maintaining a duration of 2–4 yrs. Credit profile skewed towards high quality to enable a healthy risk return ratio. The right blend of asset class, credit profile & duration, makes a strong case for investment, given moderate volatility expectation and eventual benefit from a downward correction in the high grade corporate bond yield curve.

Date of Allotment

% of Assets

9.91 SOV

9.91 1.23

State Government Securities

ICICI Bank Limited

ICRA AA+/ICRA AAA

4.99

Zero Coupon Bond

Axis Bank Limited

CRISIL AAA/CRISIL AA+

4.99

IDFC Bank Limited

IDFC Bank Limited

ICRA AAA

4.82

Cash & Other Receivables

Reliance Industries Limited

CRISIL AAA

3.56

Grand Total

SOV

1.23 2.28

ICRA AAA

2.28 3.86 100.00

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

May 15, 2015

Fund Manager Anju Chhajer, Vivek Sharma

Benchmark Crisil Short Term Bond Fund Index

Fund Size Monthly Average: ` 4,425.04 Cr Month End: ` 4,111.10 Cr

Rating Profile

Asset Allocation

Rating

Asset

NAV as on April 27, 2018 Growth Plan Dividend Plan Weekly Dividend Plan Monthly Dividend Plan Quarterly Dividend Plan Direct - Growth Plan Direct - Dividend Plan Direct - Weekly Dividend Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan Direct - Bonus Option

` ` ` ` ` ` ` ` ` ` `

Average Maturity

2.41 Years

Modified Duration

1.98 Years

Yield to Maturity*

8.14%

12.4742 12.4742 10.0526 10.2505 10.3833 12.5483 12.5483 10.0526 10.2660 10.4001 12.5483

Expense Ratio^ Regular/Other than Direct:

0.49

Direct:

0.29

Load structure Entry Load: Nil Exit Load: Nil *excluding other receivables YTM including other receivables: 7.84%

AAA/SOV/A1+/Cash & Other Receivables, 86.30%

Corporate Bond, 82.15%

Government Bond, 9.91%

AA+, 13.70

Zero Coupon Bond, 2.28%

State Government Bond, 1.23%

Certificate of Deposit, 0.57%

Cash & Other Receivables, 3.86%

Dividend History Record Date Monthly Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

Record Date Quarterly Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

19-Apr-18

0.0507

10.3510

10.2806

19-Mar-18

0.0420

10.4427

10.3846

19-Mar-18

0.0454

10.3849

10.3220

19-Dec-17

0.0574

10.4010

10.3215

20-Feb-18 Direct - Monthly Dividend Plan

0.0118

10.3141

10.2977

19-Sep-17 0.1327 Direct - Quarterly Dividend Plan

10.5317

10.3480

19-Apr-18

0.0519

10.3678

10.2958

19-Mar-18

0.0452

10.4619

10.3993

19-Mar-18

0.0464

10.4012

10.3370

19-Dec-17

0.0607

10.4194

10.3353

20-Feb-18

0.0129

10.3301

10.3123

19-Sep-17

0.1361

10.5496

10.3611

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Product Label This product is suitable for investors who are seeking*: — Income over short to medium term

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

28

May 2018

— Investment in debt and money market instruments of various maturities, consisting predominantly of securities issued by banks, public sector undertaking and public financial institutions *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately Low risk

Fundamentals

Reliance Floating Rate Fund - Short Term Plan

RFRF-STP

Portfolio as on April 30, 2018

Fixed Income - Short Term

Company/Issuer

Details as on April 30, 2018

Rating

% of Assets

Corporate Bond

Company/Issuer

Rating

77.99

India Infradebt Limited

CRISIL AAA

% of Assets 1.68

ICRA AAA

1.33

Type of Scheme

Rural Electrification Corporation Limited

CRISIL AAA

10.59

An open ended Income Scheme

Reliance Industries Limited

CRISIL AAA

9.71

Housing & Urban Development Corporation Limited

Tata Sons Ltd

CRISIL AAA

7.38

Power Grid Corporation of India Limited

CRISIL AAA

1.18

Housing Development Finance Corporation Limited

CRISIL AAA

6.23

Bajaj Finance Limited

CRISIL AAA

0.67

Indian Railway Finance Corporation Limited CRISIL AAA

0.55

Power Finance Corporation Limited

CRISIL AAA

6.15

Nabha Power Limited

ICRA AAA(SO)

0.34

Reliance Jio Infocomm Limited

CRISIL AAA

4.79

Kotak Mahindra Prime Limited

CRISIL AAA

Sikka Ports and Terminals Limited

CRISIL AAA

4.55

PNB Housing Finance Limited

CARE AAA

4.16

Indiabulls Housing Finance Limited

CARE AAA

3.24

Gruh Finance Limited

CRISIL AAA

2.56

National Bank For Agriculture and Rural Development

CRISIL AAA

2.39

Volkswagen Finance Pvt Limited

FITCH AAA

2.38

LIC Housing Finance Limited

CRISIL AAA

2.28

Small Industries Dev Bank of India

CARE AAA

2.18

Mahindra & Mahindra Financial Services Limited

FITCH AAA

1.78

Current Investment Philosophy The portfolio would predominantly invest in HFC/NBFC/ Financial Institutions/Private Sector Corporate & Government Securities. The fund would invest in high quality assets with 100% investments into AAA rated papers. The fund would aim to capture the prevailing higher yields available in 2-5 year asset space. In the short run, the portfolio will run duration of 3-3.5 years. Eventually, the Fund Manager will allow the duration to come down, and maximize the accrual yields already locked in, without adding duration at lower yield levels. Portfolio would eventually roll down in terms of maturity over a period of time, thus reducing volatility in returns.

Date of Allotment August 27, 2004

HDB Financial Services Limited

CRISIL AAA

1.74

0.13

State Government Bond

12.40

State Government Securities

SOV

12.40

Zero Coupon Bond

6.06

Housing Development Finance Corporation Limited

CRISIL AAA

2.01

Bajaj Finance Limited

CRISIL AAA

1.47

Mahindra & Mahindra Financial Services Limited

FITCH AAA

1.36

HDB Financial Services Limited

CRISIL AAA

1.21

Cash & Other Receivables

3.56

Grand Total

100.00

Fund Manager Amit Tripathi, Vivek Sharma For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Benchmark Crisil Liquid Fund Index

Rating Profile

Fund Size Monthly Average: ` 7,438.94 Cr

Asset Allocation

Asset

Rating

Month End: ` 7,337.33 Cr

NAV as on April 27, 2018 Growth Plan Dividend Plan Daily Dividend Plan Weekly Dividend Plan Monthly Dividend Plan Quarterly Dividend Plan Direct - Growth Plan Direct - Dividend Plan Direct - Daily Dividend Plan Direct - Weekly Dividend Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan

` ` ` ` ` ` ` ` ` ` ` `

Average Maturity

2.21 years

Modified Duration

1.91 years

Yield to Maturity*

8.20%

27.2880 12.3207 10.0341 10.0447 10.6972 10.5596 27.9963 12.4828 10.0363 10.0468 10.8493 10.4094

AAA/SOV/A1+/Cash & Other Receivables, 100%

Regular/Other than Direct:

0.58

Direct:

0.13

Load structure

State Government Bond, 12.40%

Zero Coupon Bond, 6.06%

Cash & Other Receivables, 3.56%

Dividend History Record Date

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

29-Dec-14

0.1553

10.3351

10.1212

19-Sep-14

0.6972

10.9355

10.0408

Dividend Plan

Direct - Dividend Plan 29-Dec-14

0.1628

10.3512

10.1269

19-Sep-14

0.7433

10.9971

10.0433

Monthly Dividend Plan

Expense Ratio^

Corporate Bond, 77.99%

19-Apr-18

0.0607

10.8165

10.7323

19-Mar-18

0.0441

10.8360

10.7749

20-Feb-18

0.0139

10.7728

10.7535

Record Date Rate (`/ Unit) Direct - Monthly Dividend Plan 19-Apr-18 0.0641 19-Mar-18 0.0468 20-Feb-18 0.0165 Quarterly Dividend Plan 19-Mar-18 0.0445 19-Dec-17 0.0579 19-Sep-17 0.1491 Direct - Quarterly Dividend Plan 19-Mar-18 0.0509 19-Dec-17 0.0643 19-Sep-17 0.1543

This product is suitable for investors who are seeking*:

*excluding other receivables YTM including other receivables: 7.91%

— Investment predominantly in floating rate and money market instruments with tenure exceeding 3 months but upto a maturity of 3 years and fixed rate debt securities

Fundamentals

10.9729 10.9914 10.9269

10.8839 10.9266 10.9040

10.6152 10.5759 10.7243

10.5536 10.4957 10.5178

10.4691 10.4288 10.5734

10.3986 10.3398 10.3598

Product Label

Exit Load: 0.50% if units redeemed or switched out on or before completion of 1 Month from the date of allotment of units. Nil, thereafter

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Ex-Dividend NAV

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Entry Load: Nil

Special Feature: Reliance Any Time Money Card

Cum Dividend NAV

— Income over short term

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

Investors understand that their principal will be at Moderately Low risk

May 2018

29

Reliance Short Term Fund

RSTF Portfolio as on April 30, 2018

Fixed Income - Short Term

Company/Issuer

Details as on April 30, 2018

Rating

% of Assets

Company/Issuer

Rating

7.38

ICICI Bank Limited

ICRA AA+

1.95

Certificate of Deposit

% of Assets

Type of Scheme

HDFC Bank Limited

CARE A1+

3.14

HDFC Bank Limited

CRISIL AA+

1.77

An open ended Income Scheme

Axis Bank Limited

CRISIL A1+

3.03

LIC Housing Finance Limited

CRISIL AAA

1.14

IndusInd Bank Limited

CRISIL A1+

1.02

Muthoot Finance Limited

CRISIL AA

0.93

Current Investment Philosophy

ICICI Bank Limited

ICRA A1+

0.19

State Bank of India

CRISIL AA+

0.89

1.64

Tata Sons Ltd

CRISIL AAA

0.82

1.23

HDB Financial Services Limited

CRISIL AAA

0.80

NHPC Limited

CARE AAA/ICRA AAA

0.53

Export Import Bank of India

CRISIL AA+/ CRISIL AAA

0.45

IDFC Bank Limited

ICRA AAA

0.42

Bank of Baroda

CARE AA

0.41

L&T Finance Limited

CARE AAA

0.38

Bajaj Finance Limited

FITCH AAA/ICRA AAA

0.29

Mahindra & Mahindra Financial Services Limited

FITCH AAA

0.28

Sundaram Finance Limited

ICRA AAA

0.20

Power Grid Corporation of India Limited

CRISIL AAA

0.11

IOT Utkal Energy Services Limited

CRISIL AAA(SO)

0.07

The fund Investments would predominantly be into corporate bonds, G-Secs and money market instruments. These investments would be restricted to 5 years duration to contain return volatility over a one year period. The fund manager while investing would place emphasis on good credit quality assets. Around 70-100% invests would be made in upto 3 years assets and 0-30% between 3-5 years assets, 15-20% tactical allocation may be made to G-Secs/ SDLs based on absolute yield and spread views. The fund will allocate predominantly in the AAA PSU/ Banking space thus allowing the portfolio manager higher flexibility in terms of changing average maturities and asset allocation. The fund would run moderate duration strategy, which would be maintained in the range of 0.75 years to 2.75 years.

Commercial Paper National Bank For Agriculture and Rural Development

ICRA A1+

Housing & Urban Development Corporation Limited

CARE A1+

0.40

Corporate Bond

72.41

Reliance Industries Limited

CRISIL AAA

7.35

Power Finance Corporation Limited

CRISIL AAA

6.97

National Bank For Agriculture and Rural Development

CRISIL AAA

6.82

Axis Bank Limited

CRISIL AA+

5.96

Rural Electrification Corporation Limited

CRISIL AAA

5.92

Housing Development Finance Corporation Limited

CRISIL AAA

5.50

Reliance Jio Infocomm Limited

CRISIL AAA/CRISIL AAA(SO)

3.53

Government Bond

5.79

Date of Allotment

SBI Cards & Payment Services Pvt Limited

CRISIL AAA

3.11

Government of India

Reliance Utilities & Power Pvt Limited

CRISIL AAA

3.08

December 18, 2002

State Government Bond

Sikka Ports and Terminals Limited

CRISIL AAA

2.80

State Government Securities

PNB Housing Finance Limited

CARE AAA

2.78

Fund Manager

Zero Coupon Bond

ONGC Petro Additions Limited

CARE AAA(SO)

2.49

Bharti Telecom Limited

Prashant Pimple

Indiabulls Housing Finance Limited

CARE AAA

2.37

Cash & Other Receivables

2.30

Grand Total

Indian Railway Finance Corporation Limited CRISIL AAA

SOV

5.79 5.38

SOV

5.38 1.46

CRISIL AA+

1.46 5.95 100.00

Benchmark Crisil Short Term Bond Fund Index

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Rating Profile

Fund Size

Asset Allocation

Rating

Monthly Average: ` 11,872.37 Cr

Asset

Month End: ` 12,068.23 Cr

NAV as on April 27, 2018 ` ` ` ` ` ` ` `

Growth Plan Dividend Plan Monthly Dividend Plan Quarterly Dividend Plan Direct - Growth Plan Direct - Dividend Plan Direct - Monthly Dividend Plan Direct – Quarterly Dividend Plan

32.5077 13.2215 11.1284 14.3247 33.5502 13.6349 11.2748 14.5206

Average Maturity

2.38 years

Modified Duration

1.95 years

Yield to Maturity*

8.19%

Expense Ratio^ Regular/Other than Direct:

1.05

Direct:

0.45

Load structure

AAA/SOV/A1+/Cash & Other Receivables, 86.22%

Corporate Bond, 72.41%

Certificate of Deposit, 7.38%

AA+, 12.43%

Government Bond, 5.79%

State Government Bond, 5.38%

AA, 1.34%

Commercial Paper, 1.64%

Zero Coupon Bond, 1.46%

Cash & Other Receivables, 5.95%

Dividend History Record Date Rate (`/ Unit) Dividend Plan 19-Sep-14 0.5747 Direct - Dividend Plan 19-Sep-14 0.6228 Monthly Dividend Plan 26-Mar-18 0.0612 26-Feb-18 0.0053 25-Jan-18 0.0171 Direct - Monthly Dividend Plan 26-Mar-18 0.0649

Cum Dividend NAV

Ex-Dividend NAV

10.7899

10.0524

10.9448

10.1456

11.2479 11.1288 11.1494

11.1632 11.1215 11.1257

11.3944

11.3045

Record Date Rate (`/ Unit) 26-Feb-18 0.0085 25-Jan-18 0.0208 Quarterly Dividend Plan 19-Mar-18 0.0500 19-Dec-17 0.0771 19-Sep-17 0.1817 Direct - Quarterly Dividend Plan 19-Mar-18 0.0638 19-Dec-17 0.0917 19-Sep-17 0.1978

Cum Dividend NAV 11.2729 11.2931

Ex-Dividend NAV 11.2612 11.2643

14.3872 14.3480 14.5181

14.318 14.2412 14.2665

14.5932 14.5506 14.7201

14.5048 14.4237 14.4463

Entry Load: Nil

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Exit Load: Nil

Product Label

*excluding other receivables YTM including other receivables: 7.80%

This product is suitable for investors who are seeking*: — Income over short term — Investment in debt and money market instruments, with the scheme would have maximum weighted average duration between 0.75-2.75 years

Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

30

May 2018

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

Investors understand that their principal will be at Moderately Low risk

Fundamentals

Reliance Regular Savings Fund - Debt Option Portfolio as on April 30, 2018

Fixed Income - Long Term

Company/Issuer Corporate Bond U.P. Power Corporation Limited

Details as on April 30, 2018 Type of Scheme An open ended Scheme

Current Investment Philosophy The fund strategy is to benefit from accrual based returns by running a moderate duration portfolio which maintains a prudent balance in exposure towards short to medium tenor corporate bonds and PTCs. It endeavors to generate alpha by investing in acceptable credit quality private sector exposures in the plain vanilla and structured space. The endeavor is to limit duration risk by limiting individual asset duration to 4 years and overall duration range of 1 to 2 years and thereby trying to reduce volatility and emphasize more on accruals over a period of time. To ensure reasonable liquidity in the portfolio at all points of time, the strategy is to ladder the portfolio in terms of maturity while striving to maintain modified duration in the range of 1 to 2 years.

Date of Allotment June 08, 2005

Fund Manager Prashant Pimple

Benchmark Crisil Composite Bond Fund Index

Fund Size Monthly Average: ` 10,716.55 Cr Month End: ` 10,752.63 Cr

NAV as on April 27, 2018 Growth Plan Dividend Plan Quarterly Dividend Plan Institutional - Growth Plan Direct - Growth Plan Direct - Dividend Plan Direct - Quarterly Dividend Plan

` ` ` ` ` ` `

Average Maturity

2.54 years

Modified Duration

1.93 years

Yield to Maturity*

9.81%

24.1198 13.2315 12.9905 24.8916 25.2551 13.6734 13.2948

Expense Ratio^ Regular/Other than Direct:

1.72

Direct:

1.09

Load structure Entry Load: Nil Exit Load: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, thereafter. *excluding other receivables YTM including other receivables: 9.63% Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

RRSF-D Rating

% of Assets 86.91 7.53

CRISIL A+(SO)/FITCH AA(SO) Yes Bank Limited ICRA AA/CARE AA Renew Power Venture Pvt Limited CARE A+ Reliance Home Finance Limited CARE AA+ Tril IT4 Private Limited ICRA A+(SO) Reliance Commercial Finance Limited CARE AA+ TATA Realty & Infrastructure Limited CRISIL AA Renew Wind Energy (Raj One) Private Limited CARE A+(SO) Nirma Limited CRISIL AAAdani Gas Holding Limited UNRATED Vedanta Limited CRISIL AA Sanghi Industries Limited ICRA AClassic Mall Development Company Pvt Limited CARE AA+(SO) Vodafone Mobile Services Limited CRISIL AA Narmada Wind Energy Private Limited CARE A+(SO) Talwandi Sabo Power Limited CRISIL AA(SO) Hansdeep Industries & Trading Company CARE AA(SO) Limited Muthoot Finance Limited CRISIL AA Indiabulls Housing Finance Limited CARE AAA Inox Wind Infrastructure Services Limited CRISIL AA(SO) Panchshil Corporate Park Private Limited FITCH AAA(SO) Bank of Baroda CARE AA Tata Housing Development Company Limited ICRA AA Vizag General Cargo Berth Pvt Limited CRISIL AA(SO) Tata Power Renewable Energy Limited CARE AA(SO) Nuvoco Vistas Corporation Limited CRISIL AA United Bank of India CRISIL AAAasan Corporate Solutions Private Limited ICRA AA-(SO) Andhra Bank CRISIL AAAsirvad Microfinance Ltd CRISIL A+ Quality Care India Limited CRISIL A+ Syndicate Bank CARE AAAU Housing Finance Limited LTD CARE A+ Idea Cellular Limited CARE AA+ Equitas Small Finance Bank Limited CARE A+ Belstar Investment and Finance Private Limited CARE A MAHINDRA RURAL HOUSING FINANCE FITCH AA+ Piramal Enterprises Limited ICRA AA Varroc Engineering Pvt Limited ICRA AAVistaar Financial Services Private Limited ICRA A-

5.36 4.50 3.46 3.44 3.06 2.87 2.76 2.72 2.67 2.59 2.36 2.20 2.09 2.04 2.03 1.91 1.91 1.87 1.84 1.84 1.77 1.74 1.42 1.36 1.35 1.34 1.31 1.19 1.08 1.00 0.99 0.91 0.90 0.89 0.83 0.79 0.76 0.73 0.61

Company/Issuer Adani Transmission Limited DLF Promenad Ltd Aditya Birla Housing Finance Limited PVR Limited Northern Arc Capital Limited IKF Finance Limited Montecarlo Limited Dewan Housing Finance Corporation Limited Allahabad Bank Gruh Finance Limited Dalmia Cement (Bharat) Limited Inox Air Products Pvt Limited AU Small Finance Bank Limited Aarish Solar Power Private Limited Aashman Energy Private Limited Divyesh Power Private Limited Elena Renewable Energy Private Limited Pratyash Renewable Private Limited SEI Baskara Power Private Limited SEI Enerstar Renewable Energy Private Limited SEI Mihir Energy Private Limited Shreyas Renewable Energy Private Limited Zuvan Energy Private Limited Tata Power Company Limited Tata Motors Limited Oriental Nagpur Betul Highway Limited Reliance Jio Infocomm Limited Sikka Ports and Terminals Limited Hinduja Leyland Finance Limited Shriram Housing Finance Company Limited Floating Rate Note Jhajjar Power Limited Zero Coupon Bond Morgan Credits Private Limited Essel Corporate Resources Pvt Ltd Vineha Enterprises Private Limited Tata Sky Limited TATA Realty & Infrastructure Limited Avantha Realty Limited KKR India Financial Services Private Limited ARM Infra & Utilities Pvt Limited Cash & Other Receivables Grand Total

Rating FITCH AA+ CRISIL AA(SO) ICRA AA+ CRISIL AAICRA A+ CARE AFITCH A+ CARE AAA CARE A+ CRISIL AAA ICRA AA CRISIL AA FITCH AACARE AA-(SO) CARE AA-(SO) CARE AA-(SO) CARE AA-(SO) CARE AA-(SO) CARE AA-(SO) CARE AA-(SO) CARE AA-(SO) CARE AA-(SO) CARE AA-(SO) CARE AA CARE AA+ CRISIL AAA(SO) CRISIL AAA CRISIL AAA CARE AACARE AA+ FITCH A+ CARE ABWR AA-(SO) UNRATED CRISIL A+ CRISIL AA UNRATED CRISIL AA+ BWR A+(SO)

% of Assets 0.50 0.46 0.46 0.42 0.31 0.28 0.26 0.23 0.23 0.23 0.18 0.12 0.12 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.05 0.05 0.04 0.02 0.01 0.01 0.00 0.71 0.71 9.07 2.33 2.09 2.08 1.13 0.57 0.52 0.36 0.01 3.31 100.00

For SIP performance refer page 54. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Asset Allocation

Rating Profile

Rating

AAA/SOV/A1+/Cash & Other Receivables, 7.56%

Corporate Bond, 86.91%

AA+, 11.77%

AA, 33.34%

Floating Rate Note, 0.71%

AA-, 11.81%

A+/A/A-/A1, 30.25%

Cash & Other Receivables, 3.31%

Zero Coupon Bond, 9.07%

Unrated, 5.27%

Dividend History Record Date Quarterly Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

Record Date Rate (`/ Unit) Direct - Quarterly Dividend Plan

Cum Dividend NAV

Ex-Dividend NAV

21-Mar-18

0.1589

13.2011

12.9811

21-Mar-18

0.1719

13.5113

13.2733

21-Dec-17

0.1589

13.2392

13.0192

21-Dec-17

0.1719

13.5326

13.2946

21-Sep-17

0.2160

13.6428

13.3438

21-Sep-17

0.2022

13.3645

13.0845

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Product Label This product is suitable for investors who are seeking*: — Income over medium term — Investment predominantly in debt instruments having maturity of more than 1 year and money market instruments *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderate risk

May 2018

31

Reliance Corporate Bond Fund

RCBF Portfolio as on April 30, 2018

Fixed Income - Long Term

Benchmark

Company/Issuer Commercial Paper National Bank For Agriculture and Rural Development Corporate Bond Vodafone Mobile Services Limited U.P. Power Corporation Limited Yes Bank Limited Indiabulls Housing Finance Limited Vedanta Limited Reliance Home Finance Limited Idea Cellular Limited Tata Steel Limited Bank of Baroda Nirma Limited Punjab National Bank Reliance Utilities & Power Pvt Limited L&T Metro Rail (Hyderabad) Limited Durg Shivnath Expressways Private Limited Panchshil Corporate Park Private Limited Dewan Housing Finance Corporation Limited Syndicate Bank Talwandi Sabo Power Limited Kudgi Transmission Ltd Axis Bank Limited Muthoot Finance Limited Adani Transmission Limited JSW Steel Limited Cholamandalam Investment and Finance Company Limited Ahmedabad Maliya Tollway Limited Sterlite Technologies Limited Vijaya Bank HDFC Bank Limited PVR Limited ICICI Bank Limited Aarish Solar Power Private Limited Aashman Energy Private Limited

Crisil Composite Bond Fund Index

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Details as on April 30, 2018 Type of Scheme An open ended Income Scheme

Current Investment Philosophy The Fund focuses on accrual income by endeavoring to invest in medium to long term corporate papers with optimal liquidity and credit risk. It follows an active investment strategy on the credit structures depending on opportunities (credit spreads) available at various points in time. Investment will be restricted to papers rated AA- and above. The fund would run a moderate duration of around 2 - 3.5 years with the flexibility to move between this band, basis the interest rate scenario and the shape of the yield curve. The desired duration to be achieved by using a bullet or barbell strategy depending on the yield curve shape prevailing. In the current scenario the investment would be typically concentrated in assets with individual duration range of 3 - 6 years.

Date of Allotment June 26, 2014

Fund Manager Prashant Pimple

Fund Size

Rating ICRA A1+

% of Assets 0.06 0.06 89.58 7.82 7.42 7.04 4.24 3.92 3.77 3.56 3.39 3.32 3.12 2.92 2.36 2.20 2.14 2.13 1.90 1.65 1.52 1.46 1.39 1.19 1.14 1.11 1.05

CRISIL AA FITCH AA(SO) CARE AA/ICRA AA CARE AAA/CRISIL AAA CRISIL AA CARE AA+ CARE AA+ CARE AA/CARE AACRISIL AA+/CARE AA CRISIL AA/CRISIL AABWR AA/CRISIL AA CRISIL AAA ICRA AAA(SO) ICRA AA(SO) FITCH AAA(SO) CARE AAA CARE AACRISIL AA(SO) CRISIL AAA(SO) CRISIL AA+ CRISIL AA FITCH AA+ CARE AAICRA AA+ ICRA AA(SO) ICRA AAICRA AACRISIL AA+ CRISIL AAICRA AA+ CARE AA-(SO) CARE AA-(SO)

1.00 0.91 0.81 0.81 0.80 0.80 0.77 0.77

Company/Issuer Rating Divyesh Power Private Limited CARE AA-(SO) Elena Renewable Energy Private Limited CARE AA-(SO) Pratyash Renewable Private Limited CARE AA-(SO) SEI Baskara Power Private Limited CARE AA-(SO) SEI Enerstar Renewable Energy Private CARE AA-(SO) Limited SEI Mihir Energy Private Limited CARE AA-(SO) Shreyas Renewable Energy Private Limited CARE AA-(SO) Zuvan Energy Private Limited CARE AA-(SO) Gruh Finance Limited CRISIL AAA PNB Housing Finance Limited CARE AAA Classic Mall Development Company Pvt CARE AA+(SO) Limited Nuvoco Vistas Corporation Limited CRISIL AA Dalmia Cement (Bharat) Limited ICRA AA TATA Realty & Infrastructure Limited CRISIL AA Sikka Ports and Terminals Limited CRISIL AAA Andhra Bank CRISIL AATata Power Company Limited CARE AA Hero Cycles Limited CRISIL AA Tata Housing Development Company Limited ICRA AA Reliance Jio Infocomm Limited CRISIL AAA Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) Rural Electrification Corporation Limited CRISIL AAA State Government Bond State Government Securities SOV Zero Coupon Bond TMT Viniyogan Limited BWR AA-(SO) Bhanu Vyapaar Pvt Limited BWR AA-(SO) KKR India Financial Services Private Limited CRISIL AA+ North Karnataka Expressway Limited CRISIL AAA(SO) Raviraj Viniyog Private Limited BWR AA-(SO) Prabhakar VIniyog Private Limited BWR AA-(SO) India Infoline Housing Finance Limited ICRA AA Cash & Other Receivables Grand Total

Rating Profile

% of Assets 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.73 0.67 0.66 0.50 0.44 0.43 0.31 0.31 0.30 0.29 0.21 0.10 0.01 0.01 3.66 3.66 3.30 0.68 0.56 0.48 0.43 0.42 0.42 0.31 3.39 100.00

Asset Allocation

Monthly Average: ` 8,163.96 Cr

Asset Month End: ` 8,131.98 Cr

NAV as on April 27, 2018 Growth Plan Dividend Plan Quarterly Dividend Plan Bonus Option Direct - Growth Plan Direct - Dividend Plan Direct - Quarterly Dividend Plan Direct - Bonus Option

` ` ` ` ` ` ` `

Average Maturity

3.72 years

Modified Duration

2.53 years

Yield to Maturity*

9.20%

13.9386 11.9273 10.6475 13.9386 14.4132 12.1555 10.6974 14.4132

Expense Ratio^

AAA/SOV/A1+/Cash & Other Receivables, 23.67%

Corporate Bond, 89.58%

State Government Bond, 3.66%

AA+, 13.86%

Zero Coupon Bond, 3.30%

Commercial Paper, 0.06%

AA, 41.25%

AA-, 21.21%

Cash & Other Receivables, 3.39%

Dividend History Record Date

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

06-May-16

1.1128

11.7941

10.2534

19-Sep-14

0.1253

10.2171

10.0563

06-May-16

1.2247

11.9533

10.2577

19-Sep-14

0.1375

10.2358

10.0593

Dividend Plan

Direct - Dividend Plan

Regular/Other than Direct:

1.74   

Direct:

0.74

Load structure

Record Date Rate (`/ Unit) Quarterly Dividend Plan 19-Mar-18 0.0294 19-Dec-17 0.0615 19-Sep-17 0.1454 Direct - Quarterly Dividend Plan 19-Mar-18 0.0452 19-Dec-17 0.0799 19-Sep-17

0.1624

Cum Dividend NAV

Ex-Dividend NAV

10.6794 10.6631 10.8006

10.6387 10.5780 10.5993

10.7401 10.7232

10.6775 10.6126

10.8548

10.6299

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Entry Load: Nil Exit Load: 1%, if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter *excluding other receivables YTM including other receivables: 8.92%

Product Label This product is suitable for investors who are seeking*: — Income over medium term

Special Feature: Reliance Any Time Money Card

— Investment predominantly in corporate bonds of various maturities and across ratings that would include all Debt Securities issued by entities such as banks, public sector undertakings, municipal corporations, bodies corporate, companies etc.

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

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

32

May 2018

Investors understand that their principal will be at Moderate risk

Fundamentals

Reliance Income Fund

RIF Portfolio as on April 30, 2018

Fixed Income - Long Term Details as on April 30, 2018 Type of Scheme An open ended Income Scheme

Current Investment Philosophy Money market assets and G-Secs are used interchangeably to implement duration views across short term interest rate cycles. Corporate bonds and some core positions in G-Secs are mainly to support the core duration. 25-30 % of the portfolio typically G-Sec allocation is tactical in nature which is interchangeably used with CDs, so as to manage duration effectively and take benefit of short term opportunities available in the market.

Company/Issuer Certificate of Deposit Small Industries Dev Bank of India Corporate Bond Reliance Industries Limited Government Bond Government of India State Government Bond State Government Securities Cash & Other Receivables Grand Total

Rating

% of Assets 10.83 10.83 2.20 2.20 80.36 80.36 0.00 0.00 6.61 100.00

CARE A1+ CRISIL AAA SOV SOV

Date of Allotment January 1, 1998

Fund Manager

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Prashant Pimple

Benchmark

Rating Profile

Asset Allocation

Crisil Composite Bond Fund Index

Asset Fund Size Monthly Average: ` 468.26 Cr Month End: ` 435.23 Cr

NAV as on April 27, 2018 Growth Plan Monthly Dividend Plan Quarterly Dividend Plan Half Yearly Dividend Plan Annual Dividend Plan Bonus Option Direct - Growth Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan Direct - Half Yearly Dividend Plan Direct - Annual Dividend Plan Direct - Bonus Option

` ` ` ` ` ` ` ` ` ` ` `

Average Maturity

4.74 years

Modified Duration

3.59 years

Yield to Maturity*

7.67%

54.3619 10.1816 12.7148 12.2674 12.6256 15.6287 56.9193 10.6767 13.1643 13.0686 13.8092 16.2649

Expense Ratio^ Regular/Other than Direct:

2.16

Direct:

1.33

Load structure Entry Load: Nil Exit Load: (w.e.f. Feb 20, 2018) 0.25% if units redeemed or switched out on or before completion of 15 days from the date of allotment of units. Nil, thereafter *excluding other receivables YTM including other receivables: 7.65%

AAA/SOV/A1+/Cash & Other Receivables, 100%

Government Bond, 80.36%

Certificate of Deposit, 10.83%

Corporate Bond, 2.20%

State Government Bond, 0.00%

Cash & Other Receivables, 6.66%

Dividend History Record Date Rate (`/ Unit) Monthly Dividend Plan 19-Apr-18 0.0717 19-Sep-17 0.0059 21-Aug-17 0.0250 Direct - Monthly Dividend Plan 19-Apr-18 0.1129 19-Sep-17 0.0105 21-Aug-17 0.0308 Quarterly Dividend Plan 19-Sep-17 0.0935 19-Jun-17 0.3583 19-Dec-16 0.4317 Direct - Quarterly Dividend Plan 19-Sep-17 0.1138 19-Jun-17 0.3865 19-Dec-16 0.4631 Half Yearly Dividend Plan 19-Sep-17 0.5421 20-Mar-17 0.1144

Cum Dividend NAV

Ex-Dividend NAV

10.3058 10.5002 10.5205

10.2063 10.4920 10.4859

10.8577 11.0146 11.0350

10.7009 11 10.9924

13.1055 13.5014 13.6794

12.9760 13.0053 13.0817

13.5247 13.9284 14.0779

13.3671 13.3933 13.4367

13.2699 12.7074

12.5194 12.5490

Record Date Rate (`/ Unit) 19-Sep-16 0.7042 Direct - Half Yearly Dividend Plan 19-Sep-17 0.6139 20-Mar-17 0.1634 19-Sep-16 0.7900 Annual Dividend Plan 19-Mar-18 0.2276 20-Mar-17 0.8530 21-Mar-16 0.2917 Direct - Annual Dividend Plan 19-Mar-18 0.3301 20-Mar-17 1.0234 21-Mar-16 0.4057 Bonus Option Bonus Ratio 19-Mar-15 40:1 26-Feb-13 5:3 Direct - Bonus Option 19-Mar-15 40:1 26-Feb-13 5:3

Cum Dividend NAV 13.4810

Ex-Dividend NAV 12.5060

14.1198 13.5235 14.3346

13.2699 13.2972 13.2472

12.8787 13.6715 12.8481

12.5636 12.4905 12.4443

14.1866 15.0617 14.1508

13.7295 13.6448 13.5891

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Product Label This product is suitable for investors who are seeking*: — Income over long term

Special Feature: Reliance Any Time Money Card

— Investment in debt and money market instruments

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

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

Fundamentals

Investors understand that their principal will be at Moderate risk

May 2018

33

Reliance Dynamic Bond Fund

RDBF Portfolio as on April 30, 2018

Fixed Income - Dynamic Details as on April 30, 2018

Company/Issuer

Rating

% of Assets

Company/Issuer

Rating

7.40

Axis Bank Limited

CRISIL AAA

0.37

CRISIL AAA

0.23

ICRA AAA

Certificate of Deposit

Type of Scheme An open ended Income Scheme

Current Investment Philosophy

Axis Bank Limited

CRISIL A1+

6.35

Reliance Jio Infocomm Limited

Small Industries Dev Bank of India

CARE A1+

1.05

IDFC Bank Limited

3.15

Government Bond

Commercial Paper

The fund intends to maintain a dynamic approach towards portfolio management by actively managing duration in order to position the fund uniquely in different interest rate scenarios and benefit from any ensuing opportunity available in the debt market space. The flexible asset allocation of the fund enables the fund manager to take opportunistic bets on G-Secs to increase duration as well as take exposure to money market instruments to provide liquidity. The duration management depicts the investment philosophy of this fund which involves taking medium to long term calls on the interest rates which gets reflected on majority of the portfolio (60% - 80%) and tactical fund management on 10% - 20% of the portfolio to take benefit of the short term opportunities in the market. The fund endeavors to generate competitive returns through proactive duration management over a medium term horizon.

Housing Development Finance Corporation Limited

ICRA A1+

3.15

% of Assets

0.03 52.84

Government of India

SOV

52.84

State Government Bond

Corporate Bond

19.97

8.40

State Government Securities

Reliance Utilities & Power Pvt Limited

CRISIL AAA

9.76

Zero Coupon Bond

Sikka Ports and Terminals Limited

CRISIL AAA

6.44

LIC Housing Finance Limited

SBI Cards & Payment Services Pvt Limited

CRISIL AAA

2.20

Cash & Other Receivables

Axis Finance Limited

CRISIL AAA

0.96

Grand Total

SOV

8.40 0.45

CRISIL AAA

0.45 7.79 100.00

For SIP performance refer page 54. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Date of Allotment Rating Profile

November 15, 2004

Asset Allocation

Fund Manager Prashant Pimple

Benchmark Crisil Composite Bond Fund Index

Fund Size

AAA/SOV/A1+/Cash & Other Receivables, 100%

Monthly Average: ` 2,332.35 Cr

Corporate Bond, 19.97%

State Government Bond, 8.40%

Certificate of Deposit, 7.40%

Commercial Paper, 3.15%

Zero Coupon Bond, 0.45%

Cash & Other Receivables, 7.79%

Month End: ` 2,236.18 Cr

Dividend History

NAV as on April 27, 2018 Growth Plan Dividend Plan Quarterly Dividend Plan Direct - Growth Plan Direct - Dividend Plan Direct - Quarterly Dividend Plan

Government Bond, 52.84%

` ` ` ` ` `

22.9613 15.4443 10.2773 23.7820 17.1811 10.2938

Average Maturity

5.19 years

Modified Duration

3.77 years

Yield to Maturity*

8.02%

Record Date Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

Record Date Rate (`/ Unit) Quarterly Dividend Plan

Cum Dividend NAV

Ex-Dividend NAV

25-Mar-15

0.9070

14.6923

13.4428

20-Sep-17

0.0761

10.5127

10.4073

22-Sep-14

0.4881

14.0757

13.4493

20-Jun-17

0.2787

10.8574

10.4715

25-Mar-14 Direct - Dividend Plan

0.4295

13.9030

13.3518

20-Dec-16 0.3265 Direct - Quarterly Dividend Plan

10.9280

10.4759

25-Mar-15

1.0459

16.1921

14.7512

20-Sep-17

0.0865

10.5035

10.3837

22-Sep-14

0.5706

15.4877

14.7555

20-Jun-17

0.2887

10.8449

10.4452

25-Mar-14

0.5499

15.3500

14.6444

20-Dec-16

0.3359

10.8950

10.4299

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Expense Ratio^ Regular/Other than Direct:

1.69

Direct:

1.04

Load structure Entry Load: Nil Exit Load: 1%, if units redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter. *excluding other receivables YTM including other receivables: 7.46%

Product Label This product is suitable for investors who are seeking*: — Income over long term — Investment in debt and money market instruments

Special Feature: Reliance Any Time Money Card *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

34

May 2018

Investors understand that their principal will be at Moderate risk

Fundamentals

Reliance Gilt Securities Fund

RGSF Portfolio as on April 30, 2018

Fixed Income - Gilt Details as on April 30, 2018

Company/Issuer

Type of Scheme

Government Bond

An open ended Government Securities Scheme

Government of India

Rating

% of Assets 95.78

SOV

95.78

Cash & Other Receivables

Current Investment Philosophy

4.22

Grand Total

100.00

Reliance Gilt Securities fund is a long duration fund which typically invests in a portfolio of securities issued and guaranteed by the Central & State Government to generate optimal credit risk free returns.

Date of Allotment August 22, 2008

Fund Manager Prashant Pimple

Benchmark I-Sec Li-BEX

Fund Size Monthly Average: ` 1,008.06 Cr Month End: ` 995.98 Cr

NAV as on April 27, 2018 Growth Plan Monthly Dividend Plan Automatic Annual Reinvestment Plan Automatic Capital Appreciation Plan Defined Maturity Plan Bonus Plan Direct - Growth Plan Direct - Monthly Dividend Plan Direct - Automatic Annual Reinvestment Plan Direct - Automatic Capital Appreciation Plan Direct - Defined Maturity Plan Direct - Bonus Plan Institutional - Growth Plan

Rating Profile ` ` ` ` ` ` ` ` `

` 23.8594

Asset

AAA/SOV/A1+/Cash & Other Receivables, 100%

` 23.9846 ` 13.3694 ` 22.8170

Average Maturity

7.26 years

Modified Duration

5.04 years

Yield to Maturity*

7.69%

Expense Ratio^ Regular/Other than Direct: Direct:

Asset Allocation

22.6149 10.2524 18.9565 22.6149 22.6149 12.9759 23.9208 11.2188 12.9447

1.71 0.58

Government Bond, 95.78%

Cash & Other Receivables, 4.22%

Dividend History Record Date Monthly Dividend Plan

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

28-Aug-17

0.0053

10.4260

10.4186

28-Aug-17

25-Jul-17

0.0676

10.4963

10.4027

25-Jul-17

27-Jun-17

0.1416

10.6033

10.4072

27-Jun-17

Record Date Rate (`/ Unit) Direct - Monthly Dividend Plan

Cum Dividend NAV

Ex-Dividend NAV

0.0127

11.3335

11.3159

0.0793

11.4061

11.2963

0.1631

11.5253

11.2995

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Load structure Entry Load: Nil Exit Load: (w.e.f. Feb 20, 2018) 0.25% if units redeemed or switched out on or before completion of 15 days from the date of allotment of units. Nil, thereafter *excluding other receivables YTM including other receivables: 7.87%

Product Label This product is suitable for investors who are seeking*: — Income over long term — Investment in government securities *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Fundamentals

Investors understand that their principal will be at Moderate risk

May 2018

35

Reliance Monthly Income Plan Fixed Income - MIP

RMIP Portfolio as on April 30, 2018

Details as on April 30, 2018

Company/Issuer

Type of Scheme

Rating

% of Assets

Company/Issuer

Rating

Rural Electrification Corporation Limited

CRISIL AAA

1.16

15.01

Tata Power Company Limited

CRISIL AA-

0.97

Debt

% of Assets

An open ended Fund. Monthly income is not assured & is subject to the availability of distributable surplus

Certificate of Deposit IndusInd Bank Limited

CRISIL A1+

7.06

LIC Housing Finance Limited

CRISIL AAA

0.73

Current Investment Philosophy

Axis Bank Limited

CRISIL A1+

4.08

PNB Housing Finance Limited

CARE AAA

0.47

Debt Portfolio: The portfolio has been positioned with medium to long term view of softening of interest rates and improved macros of Indian Economy. The fund manages the duration through G-Sec exposure & higher accrual through right blend of short to medium tenor corporate bonds. In line with our view on interest rate, the fund has G-Sec exposure of 25% - 35% so as to maintain modified duration of 4.5 – 6.5 years. The remaining debt exposure is currently in non psu corporate bonds which helps to give higher carry to the portfolio.

HDFC Bank Limited

CARE A1+

3.87

CRISIL AAA

0.47

0.24

National Bank For Agriculture and Rural Development

0.24

State Bank of India

CRISIL AA+

0.24

India Infradebt Limited

ICRA AAA

0.01

Commercial Paper Bahadur Chand Investments Pvt Limited

ICRA A1+

Corporate Bond

58.46

Sikka Ports and Terminals Limited

CRISIL AAA

9.68

Government Bond

U.P. Power Corporation Limited

CRISIL A+(SO)

8.63

Government of India

Yes Bank Limited

ICRA AA/CARE AA

7.57

Zero Coupon Bond

Molagavalli Renewable Private Limited

CARE A+(SO)

7.23

Morgan Credits Private Limited

CARE A-

7.22

Equity Portfolio: Investment style is Growth at reasonable price (GARP). Flexi cap portfolio with minimum 50% of equity exposure in large cap stocks and rest in mid and small cap stocks. If divergence between midcap and large cap stocks is not too large then would even increase allocation to large cap stocks. Key strategy is to take aggressive sector deviation calls, yet being quite conservative by having higher margin of safety in stock selection. Bottom up stock selection of stocks (early identification) with a long term view have been a key strength of the Portfolio. Capital Preservation & Quality bias is kept in mind for stock selection. It endeavors to remain fully invested in equities (i.e. upto 20%) with minimum allocation to cash & cash equivalents.

Reliance Capital Limited

CARE AA+

3.61

Avantha Realty Limited

UNRATED

1.12

Reliance Infrastructure Limited

CARE A-

3.60

Equity

Reliance Commercial Finance Limited

CARE AA+

3.35

Banks

Reliance Jio Infocomm Limited

CRISIL AAA

2.55

HDFC Bank Limited*

Reliance Home Finance Limited

CARE AA

2.30

InvIT

Narmada Wind Energy Private Limited

CARE A+(SO)

1.87

IRB InvIT Fund

0.20

IOT Utkal Energy Services Limited

CRISIL AAA(SO)

1.42

Equity Less Than 1% of Corpus

8.62

L&T Metro Rail (Hyderabad) Limited

ICRA AAA(SO)

1.42

Cash & Other Receivables

Reliance Industries Limited

CRISIL AAA

1.17

Grand Total

Date of Allotment

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

December 29, 2003

6.16 SOV

6.16 8.34

1.18

1.79 100.00 *Top 10 Holdings

Rating Profile

Asset Allocation

Rating

Fund Manager Amit Tripathi, Sanjay Parekh

Benchmark Crisil Hybrid 85+15 - Conservative Index

Fund Size Monthly Average: ` 2,112.00 Cr Month End: ` 2,081.03 Cr

NAV as on April 27, 2018 ` ` ` ` ` `

Growth Plan Monthly Dividend Plan Quarterly Dividend Plan Direct - Growth Plan Direct - Monthly Dividend Plan Direct - Quarterly Dividend Plan

40.8048 12.1189 12.7193 42.7105 12.9463 13.0414

Average Maturity

3.75 years

Modified Duration

2.70 years

Yield to Maturity*

8.93%

AAA/SOV/A1+/Cash & Other Receivables, 42.30% AA+, 7.20% AA, 9.87% AA-, 0.97% A+/A/A-/A1, 28.55% InvIT, 0.20% Unrated, 1.12% Equity, 9.79%

1.84

Direct:

1.04

Exit Load: 10% of the units allotted shall be redeemed without

Average Maturity, Modified Duration & YTM details provided for Debt portion of Portfolio only. Special Feature: Reliance Any Time Money Card Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

36

May 2018

Commercial Paper, 0.24%

InvIT, 0.20%

Cash & Other Receivables, 1.79%

Dividend History

Entry Load: Nil

*excluding other receivables YTM including other receivables: 9.60%

Zero Coupon Bond, 8.34%

Government Bond, 6.16%

Record Date Rate (`/ Unit) Monthly Dividend Plan 20-Apr-18 0.0591 20-Mar-18 0.0506 20-Feb-18 0.0506 Direct - Monthly Dividend Plan 20-Apr-18 0.0645 20-Mar-18 0.0556 20-Feb-18 0.0556 Quarterly Dividend Plan 20-Mar-18 0.1661 20-Dec-17 0.1661 20-Sep-17 0.1878 Direct - Quarterly Dividend Plan 20-Mar-18 0.1791 20-Dec-17 0.1791 20-Sep-17 0.2008

Load structure

any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, thereafter.

Certificate of Deposit, 15.01%

Equity, 9.79%

Industry Allocation (Equity Portion)

Expense Ratio^ Regular/Other than Direct:

Corporate Bond, 58.46%

Cum Dividend NAV

Ex-Dividend NAV

12.2283 12.2489 12.2786

12.1463 12.1789 12.2086

13.0639 13.0778 13.1033

12.9744 13.0008 13.0263

12.9266 13.2795 13.4614

12.6966 13.0495 13.2014

13.2546 13.5999 13.7682

13.0066 13.3519 13.4902

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Product Label This product is suitable for investors who are seeking*: — Regular income and capital growth over long term — Investment in debt & money market instruments and equities & equity related securities *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderate risk

Fundamentals

Reliance ETF Nifty BeES

NIFTYBEES Portfolio as on April 30, 2018

Equity - ETF Details as on April 30, 2018 Type of Scheme An Open Ended Index Exchange Traded Scheme [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]**

Current Investment Philosophy The Scheme employs a passive investment approach designed to track the performance of Nifty 50 Index. The Scheme seeks to achieve this goal by investing in securities constituting Nifty 50 Index in same proportion as in the Index.

Date of Allotment December 28, 2001

Fund Manager Payal Wadhwa Kaipunjal

Benchmark

Company/Issuer Auto Maruti Suzuki India Limited* Mahindra & Mahindra Limited Tata Motors Limited Hero MotoCorp Limited Banks HDFC Bank Limited* ICICI Bank Limited* Kotak Mahindra Bank Limited* IndusInd Bank Limited State Bank of India Axis Bank Limited Yes Bank Limited Cement Grasim Industries Limited UltraTech Cement Limited Construction Project Larsen & Toubro Limited* Consumer Non Durables ITC Limited* Hindustan Unilever Limited Asian Paints Limited Ferrous Metals Tata Steel Limited

% of Assets 2.77 1.92 1.49 1.15 9.42 4.32 3.82 2.29 2.16 2.10 1.58 1.02 1.01 4.08 5.68 2.55 1.28 1.09

Company/Issuer Finance Housing Development Finance Corporation Limited* Bajaj Finance Limited Indiabulls Housing Finance Limited Non - Ferrous Metals Vedanta Limited Oil Oil & Natural Gas Corporation Limited Petroleum Products Reliance Industries Limited* Pharmaceuticals Sun Pharmaceutical Industries Limited Power NTPC Limited Power Grid Corporation of India Limited Software Infosys Limited* Tata Consultancy Services Limited* HCL Technologies Limited Telecom - Services Bharti Airtel Limited Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

Nifty 50

% of Assets 7.45 1.07 1.00 1.31 1.20 7.85 1.38 1.27 1.11 5.39 4.16 1.39 1.28 14.35 0.06 100.00 *Top 10 Holdings

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Fund size Monthly Average: ` 1,010.40 Cr Month End: ` 924.67 Cr

NAV as on April 30, 2018

` 1,111.8316

Volatility Measures Standard Deviation Beta Sharpe Ratio

3.94 0.98 0.11

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Dividend History

Industry Allocation Record Date

Rate (`/ Unit)

Cum Dividend NAV

ExDividend NAV

20-Feb-15

8.0000

893.3096

885.3096

11-Mar-14

7.0000

660.0726

653.0726

14-Mar-13

7.5000

599.2203

591.7203

Portfolio Turnover (Times)

0.72

Tracking [email protected]

0.05

Creation Unit Size

5000 Units

Pricing (per unit)

1/10th of Index

Exchange Listed

NSE

NSE Symbol

NIFTYBEES

Nifty 50 - Valuation Measures

BSE Code

590103

Full market capitalisation (` Cr)

ISIN

INF732E01011

P/E

26.66

Bloomberg Code

NBEES IN Equity

P/B

3.69

Reuters Code

NBES.NS & NBES.BO

Dividend Yield

1.19

Expense Ratio^

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

7,802,366.39

Source: www.nseindia.com

0.10

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: • Long-term capital appreciation • Investment in Securities covered by Nifty 50 Index

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at Moderately High risk

May 2018

37

Reliance ETF Sensex

RELSENSEX Portfolio as on April 30, 2018

Equity - ETF

Payal Wadhwa Kaipunjal

Company/Issuer Auto Maruti Suzuki India Limited* Mahindra & Mahindra Limited Tata Motors Limited Hero MotoCorp Limited Bajaj Auto Limited Banks HDFC Bank Limited* ICICI Bank Limited* Kotak Mahindra Bank Limited* IndusInd Bank Limited Axis Bank Limited State Bank of India Yes Bank Limited Construction Project Larsen & Toubro Limited* Consumer Non Durables ITC Limited* Hindustan Unilever Limited Asian Paints Limited Ferrous Metals Tata Steel Limited

Benchmark

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Details as on April 30, 2018 Type of Scheme An open ended Index Exchange Traded Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]**

Current Investment Philosophy The Scheme employs a passive investment approach designed to track the performance of S&P BSE Sensex Index. The Scheme seeks to achieve this goal by investing in securities constituting the S&P BSE Sensex index in same proportion as in the Index.

Date of Allotment September 24, 2014

Fund Manager

% of Assets

Company/Issuer

% of Assets

Finance 3.39 2.35 2.13 1.40 1.16 11.44 5.28 4.13 2.79 2.73 2.64 1.92 4.94 6.94 3.12 1.56

Housing Development Finance Corporation Limited*

9.02

Minerals/Mining Coal India Limited

1.07

Oil Oil & Natural Gas Corporation Limited

1.47

Petroleum Products Reliance Industries Limited*

9.00

Pharmaceuticals Sun Pharmaceutical Industries Limited

1.65

Power NTPC Limited

1.52

Power Grid Corporation of India Limited

1.32

Software Infosys Limited*

6.59

Tata Consultancy Services Limited*

5.08

Telecom - Services Bharti Airtel Limited

1.33

Equity Less Than 1% of Corpus

2.61

Cash and Other Receivables 1.34

Grand Total

0.10 100.00 *Top 10 Holdings

S&P BSE Sensex

Fund size Monthly Average: ` 23.96 Cr Month End: ` 24.67 Cr

NAV as on April 30, 2018

` 367.4232

Volatility Measures Standard Deviation

3.92

Beta

0.98

Sharpe Ratio

0.11

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

0.48

Tracking Error

0.08

Creation Unit Size

10,000 Units

Pricing (per unit)

1/100th of Index

Exchange Listed

BSE

BSE Code

538683

ISIN

INF204KA1UN7

Bloomberg Code

RSENSEX IN Equity

Reuters Code

RLSE.BO

Expense Ratio^

0.06

@

S&P BSE Sensex - Valuation Measures

Industry Allocation

Full market capitalisation ( ` Cr)

6,199,655.80

P/E

23.43

P/B

3.11

Dividend Yield

1.15

Source: www.asiaindex.co.in

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities and portfolios replicating the composition of S&P BSE Sensex Index, subject to tracking errors. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately High risk

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

38

May 2018

Fundamentals

Reliance ETF NV20

RELNV20 Portfolio as on April 30, 2018

Equity - ETF

Company/Issuer

Details as on April 30, 2018

% of Assets

Type of Scheme An open ended Index Exchange Traded Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]**

2.87

Oil & Natural Gas Corporation Limited

Bajaj Auto Limited

2.38

Petroleum Products 1.79

5.41

Hindustan Petroleum Corporation Limited

1.35

Axis Bank Limited*

5.26

Power

Yes Bank Limited*

3.95

NTPC Limited*

Reliance ETF NV20 is a passively managed exchange traded fund which will employ an investment approach designed to track the performance of Nifty 50 Value 20 Index. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty 50 Value 20 Index in same proportion as in the Index.

Hindustan Unilever Limited*

3.19

Software

Consumer Non Durables 6.38

Ferrous Metals Tata Steel Limited

2.74

Gas GAIL (India) Limited

1.69

Infosys Limited*

13.49

Tata Consultancy Services Limited*

10.40

HCL Technologies Limited*

3.47

Tech Mahindra Limited

2.49

Wipro Limited

1.87

Cash and Other Receivables

Minerals/Mining Coal India Limited

Fund Manager

14.94

Bharat Petroleum Corporation Limited

State Bank of India*

June 18, 2015

3.02

Reliance Industries Limited*

Banks 10.81

Date of Allotment

% of Assets

Hero MotoCorp Limited

ICICI Bank Limited*

Current Investment Philosophy

Company/Issuer Oil

Auto

2.20

0.33

Grand Total

100.00 *Top 10 Holdings

Payal Wadhwa Kaipunjal

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Benchmark Nifty 50 Value 20

Fund size Monthly Average: ` 17.87 Cr Month End: ` 18.39 Cr

NAV as on April 30, 2018

` 499.1308

Creation Unit Size

6,000 Units

Pricing (per unit)

1/10th of Index

Exchange Listed

NSE

NSE Symbol

RELNV20

ISIN

INF204KA17D8

Bloomberg Code

RELNV20 IN Equity

Reuters Code

RENV.NS

Expense Ratio^

Nifty 50 Value 20 - Valuation Measures

Industry Allocation

Full market capitalisation (` Cr)

0.34

3,822,582.99

P/E

20.29

P/B

2.77

Dividend Yield

1.69

Source: www.nseindia.com

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — investment in equity and equity related securities and portfolios replicating the composition of Nifty 50 Value 20 Index, subject to tracking errors.

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at Moderately High risk

May 2018

39

Reliance ETF Junior BeES

JUNIORBEES Portfolio as on April 30, 2018

Equity - ETF Details as on April 30, 2018 Type of Scheme An Open Ended Index Exchange Traded Scheme [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]**

Current Investment Philosophy The Scheme employs a passive investment approach designed to track the performance of Nifty Next 50 Index. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty Next 50 Index in same proportion as in the Index.

Date of Allotment February 21, 2003

Fund Manager Payal Wadhwa Kaipunjal

Benchmark Nifty Next 50

Fund size Monthly Average: ` 343.14 Cr Month End: ` 364.83 Cr

NAV as on April 30, 2018

` 313.1245

Volatility Measures Standard Deviation Beta Sharpe Ratio

4.47 0.97 0.21

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

1.57

Tracking Error

0.11

Creation Unit Size

16,000 Units

@

Pricing (per unit)

1/100th of Index

Exchange Listed

NSE

NSE Symbol

JUNIORBEES

BSE Code

590104

ISIN

INF732E01045

Bloomberg Code

JBEES IN Equity

Reuters Code

JBES.NS & JBES.BO

Expense Ratio^

0.20

Company/Issuer Auto Ashok Leyland Limited* Auto Ancillaries Motherson Sumi Systems Limited* MRF Limited Bosch Limited Banks Bank of Baroda Punjab National Bank Cement Shree Cement Limited* Ambuja Cements Limited ACC Limited Chemicals Pidilite Industries Limited Construction DLF Limited Consumer Durables Havells India Limited Consumer Non Durables Britannia Industries Limited* Godrej Consumer Products Limited* Dabur India Limited* United Spirits Limited* Marico Limited Colgate Palmolive (India) Limited Procter & Gamble Hygiene and Health Care Limited Ferrous Metals JSW Steel Limited* Steel Authority of India Limited Finance Shriram Transport Finance Company Limited* LIC Housing Finance Limited ICICI Prudential Life Insurance Company Limited L&T Finance Holdings Limited

% of Assets 3.26 3.90 2.73 2.45 1.96 1.38 2.85 2.54 1.85 2.31 1.38 1.80 4.48 3.89 2.88 2.84 2.37 2.07 1.24 4.67 1.11 3.23 2.29 1.61 1.48

Company/Issuer Rural Electrification Corporation Limited SBI Life Insurance Company Limited Aditya Birla Capital Limited General Insurance Corporation of India Power Finance Corporation Limited Gas Petronet LNG Limited Industrial Capital Goods Bharat Heavy Electricals Limited Bharat Electronics Limited Siemens Limited Industrial Products Cummins India Limited Media & Entertainment Sun TV Network Limited Minerals/Mining NMDC Limited Non - Ferrous Metals Hindustan Zinc Limited Pharmaceuticals Piramal Enterprises Limited* Aurobindo Pharma Limited Cadila Healthcare Limited Retailing Avenue Supermarts Limited Software Oracle Financial Services Software Limited Telecom - Services Idea Cellular Limited Transportation Container Corporation of India Limited InterGlobe Aviation Limited Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

% of Assets 1.46 1.23 1.21 1.20 1.09 2.35 1.65 1.47 1.38 1.44 1.20 1.53 1.15 3.11 2.49 1.46 1.41 1.32 1.71 1.98 1.79 3.70 0.10 100.00 *Top 10 Holdings

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Dividend History

Industry Allocation Record Date

Rate (`/ Unit) Cum Dividend NAV

Ex-Dividend NAV

11-Mar-14

1.0000

127.5231

09-Jul-09

1.2500

75.3772

126.5231 74.1272

19-Feb-04$

4.0000

352.0260

348.0260

Bonus 19-Feb-04$

1:4 units

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value `1.25 $ Face Value of `10 Nifty Next 50 - Valuation Measures Full market capitalisation (` Cr)

2,258,783.53

P/E

35.46

P/B

3.61

Load structure

Dividend Yield

1.10

Entry Load: Nil Exit Load: Nil

Source: www.nseindia.com

Product Label This product is suitable for investors who are seeking*: • Long-term capital appreciation • Investment in Securities covered by Nifty Next 50 Index *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately High risk

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

40

May 2018

Fundamentals

Reliance ETF Nifty 100

RELCNX100 Portfolio as on April 30, 2018

Equity - ETF

Company/Issuer

Details as on April 30, 2018

% of Assets

Type of Scheme An open ended Index Exchange Traded Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]**

Company/Issuer

% of Assets

Non - Ferrous Metals

Auto Maruti Suzuki India Limited*

2.36

Vedanta Limited

Mahindra & Mahindra Limited

1.64

Oil

Tata Motors Limited

1.46

Oil & Natural Gas Corporation Limited

Banks

1.11

HDFC Bank Limited*

8.00

Reliance Industries Limited*

Current Investment Philosophy

ICICI Bank Limited*

3.67

Pharmaceuticals

Kotak Mahindra Bank Limited*

3.24

The Scheme employs a passive investment approach designed to track the performance of Nifty 100 Index. The Scheme seeks to achieve this goal by investing in securities constituting Nifty 100 Index in same proportion as in the Index.

IndusInd Bank Limited

1.94

Sun Pharmaceutical Industries Limited

State Bank of India

1.84

Axis Bank Limited

1.79

Yes Bank Limited

1.34

Construction Project Larsen & Toubro Limited*

Date of Allotment

3.47

Consumer Non Durables

March 22, 2013

Fund Manager

6.67 1.17

Power NTPC Limited

1.08

Software Infosys Limited*

4.58

Tata Consultancy Services Limited*

3.53

HCL Technologies Limited

1.18

Telecom - Services

ITC Limited*

4.83

Hindustan Unilever Limited

2.16

Bharti Airtel Limited

Asian Paints Limited

1.09

Equity Less Than 1% of Corpus

1.08 33.04

Cash and Other Receivables

Finance

Payal Wadhwa Kaipunjal

1.02

Petroleum Products

Housing Development Finance Corporation Limited*

6.33

0.38

Grand Total

100.00 *Top 10 Holdings

Benchmark

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Nifty 100

Fund size Monthly Average: ` 7.64 Cr Month End: ` 7.82 Cr

NAV as on April 30, 2018

`

113.8886

Volatility Measures Standard Deviation

3.89

Beta

0.96

Sharpe Ratio

0.12

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

0.19

Tracking [email protected]

0.19

Creation Unit Size

100,000 Units

Pricing (per unit)

1/100th of Index

Exchange Listed

NSE, BSE

NSE Symbol

RELCNX100

BSE Code

537483

ISIN

INF204K014N5

Bloomberg Code

RCNX100 IN Equity

Reuters Code

RELF.NS & RELF.BO

Expense Ratio^

1.00

Nifty 100 - Valuation Measures

Industry Allocation

Full market capitalisation (` Cr)

10,070,887.74

P/E

27.75

P/B

3.68

Dividend Yield

1.18

Source: www.nseindia.com

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities and portfolios replicating the composition of Nifty 100 Index, subject to tracking errors. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately High risk

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

May 2018

41

Reliance ETF Consumption

RELCONS Portfolio as on April 30, 2018

Equity - ETF Details as on April 30, 2018

Company/Issuer

% of Assets

Type of Scheme

Maruti Suzuki India Limited*

9.31

Healthcare Services

An open ended Index Exchange Traded Fund

Mahindra & Mahindra Limited*

8.91

Apollo Hospitals Enterprise Limited

Hero MotoCorp Limited*

5.30

Hotels, Resorts And Other Recreational Activities

Bajaj Auto Limited*

4.39

The Indian Hotels Company Limited

TVS Motor Company Limited

1.49

Media & Entertainment

Auto

Current Investment Philosophy The Scheme employs a passive investment approach designed to track the performance of Nifty India Consumption Index. The Scheme seeks to achieve this goal by investing in securities constituting Nifty India Consumption Index in same proportion as in the Index.

Company/Issuer

% of Assets

Colgate Palmolive (India) Limited

Consumer Durables

1.64 1.10 1.17

Zee Entertainment Enterprises Limited

Titan Company Limited*

4.48

Power

Havells India Limited

1.42

Tata Power Company Limited

Crompton Greaves Consumer Electricals Limited

1.07

Telecom - Services

Consumer Non Durables

3.52 1.75

Bharti Airtel Limited*

5.91

Hindustan Unilever Limited*

10.57

Idea Cellular Limited

1.35

Date of Allotment

ITC Limited*

10.01

Textile Products

April 3, 2014

Asian Paints Limited*

5.93

Page Industries Limited

Britannia Industries Limited*

3.55

Transportation

Fund Manager

Godrej Consumer Products Limited

3.08

InterGlobe Aviation Limited

1.42

Dabur India Limited

2.28

Equity Less Than 1% of Corpus

4.30

Payal Wadhwa Kaipunjal

United Spirits Limited

2.25

Cash and Other Receivables

Marico Limited

1.88

Grand Total

1.51

0.43 100.00

Benchmark

*Top 10 Holdings

Nifty India Consumption

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Fund size Monthly Average: ` 13.96 Cr Month End: ` 14.40 Cr

NAV as on April 30, 2018

` 53.2330

Volatility Measures Standard Deviation

4.06

Beta

0.97

Sharpe Ratio

0.22

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

3.05

Tracking Error

0.16

Creation Unit Size

150,000 Units

Pricing (per unit)

1/100th of Index

@

Nifty India Consumption - Valuation Measures

Industry Allocation

Full market capitalisation (` Cr)

2,350,294.19

P/E

61.57

P/B

6.53

Dividend Yield

0.82

Source: www.nseindia.com

Exchange Listed

NSE

NSE Symbol

RELCONS

ISIN

INF204KA1LD7

Bloomberg Code

RCONSUM IN Equity

Reuters Code

RELC.NS

Expense Ratio^

0.12

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities and portfolios replicating the composition of Nifty India Consumption Index, subject to tracking errors.

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

42

May 2018

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

Investors understand that their principal will be at High risk

Fundamentals

Reliance ETF Dividend Opportunities



RELDIVOPP

Portfolio as on April 30, 2018

Equity - ETF Details as on April 30, 2018

Company/Issuer

% of Assets

Auto

Type of Scheme An open ended Index Exchange Traded Fund

Hero MotoCorp Limited*

3.46

Indian Oil Corporation Limited

2.48

Bajaj Auto Limited

2.87

Bharat Petroleum Corporation Limited

2.16

Hindustan Petroleum Corporation Limited

1.63

ITC Limited*

The Scheme employs a passive investment approach designed to track the performance of Nifty Dividend Opportunities 50 Index. The Scheme seeks to achieve this goal by investing in securities constituting Nifty Dividend Opportunities 50 Index in same proportion as in the Index.

10.06 7.71

NTPC Limited*

3.86

Colgate Palmolive (India) Limited

1.07

Power Grid Corporation of India Limited*

3.34

Finance

Software

Indiabulls Housing Finance Limited

3.03

Gas GAIL (India) Limited

Date of Allotment

Coal India Limited

April 15, 2014

Non - Ferrous Metals

2.04 2.66

Tata Consultancy Services Limited*

11.47

Infosys Limited*

10.25

HCL Technologies Limited*

4.19

Tech Mahindra Limited

3.01

Telecom - Equipment & Accessories Bharti Infratel Limited

Vedanta Limited*

3.97

Oil

1.90

Equity Less Than 1% of Corpus

14.96

Cash and Other Receivables

Oil & Natural Gas Corporation Limited*

Payal Wadhwa Kaipunjal

Power

Hindustan Unilever Limited*

Minerals/Mining

Fund Manager

% of Assets

Petroleum Products

Consumer Non Durables

Current Investment Philosophy

Company/Issuer

3.64

0.23

Grand Total

100.00 *Top 10 Holdings

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Benchmark Nifty Dividend Opportunities 50

Fund size Monthly Average: ` 17.86 Cr Month End: ` 18.43 Cr

NAV as on April 30, 2018

` 30.0273

Volatility Measures Standard Deviation

4.03

Beta

0.96

Sharpe Ratio

0.17

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018). Nifty Dividend Opportunities 50 - Valuation Measures

Industry Allocation Portfolio Turnover (Times)

0.45

Tracking [email protected]

0.27

Creation Unit Size

Full market capitalisation (` Cr)

3,916,628.98

P/E

17.30

P/B

3.30

150,000 Units

Dividend Yield

2.65

Pricing (per unit)

1/100th of Index

Source: www.nseindia.com

Exchange Listed

NSE

NSE Symbol

RELDIVOPP

ISIN

INF204KA1MS3

Bloomberg Code

RDIVOPP IN Equity

Reuters Code

RDOF.NS

Expense Ratio^

0.11

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Investment in equity and equity related securities and portfolios replicating the composition of Nifty Dividend Opportunities 50 Index, subject to tracking errors.

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at High risk

May 2018

43

Reliance ETF Infra BeES

INFRABEES Portfolio as on April 30, 2018

Equity - ETF Details as on April 30, 2018 Type of Scheme An open ended index scheme listed on the Exchange in the form of an Exchange Traded Fund (ETF) tracking the Nifty Infrastructure Index

Current Investment Philosophy The Scheme employs a passive investment approach designed to track the performance of Nifty Infrastructure Index. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty Infrastructure Index in same proportion as in the Index.

Company/Issuer Construction Project Larsen & Toubro Limited* Voltas Limited* NCC Limited Industrial Capital Goods Bharat Heavy Electricals Limited Siemens Limited Power NTPC Limited* Power Grid Corporation of India Limited* Tata Power Company Limited* NHPC Limited Reliance Infrastructure Limited

% of Assets

Company/Issuer

% of Assets

Telecom - Equipment & Accessories 32.61 2.81 1.24 2.25 1.89 10.18 8.83 3.02 1.21 1.14

Bharti Infratel Limited*

5.03

Telecom - Services Bharti Airtel Limited*

10.20

Idea Cellular Limited

2.33

Transportation Adani Ports and Special Economic Zone Limited*

5.41

Container Corporation of India Limited*

2.70

InterGlobe Aviation Limited*

2.44

Equity Less Than 1% of Corpus

6.58

Cash and Other Receivables

0.12

Grand Total

100.00 *Top 10 Holdings

Date of Allotment For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

September 29, 2010

Fund Manager Payal Wadhwa Kaipunjal

Benchmark Nifty Infrastructure

Fund size

Nifty Infrastructure Index - Valuation Measures

Industry Allocation

Full market capitalisation (` Cr)

Monthly Average: ` 17.14 Cr Month End: ` 17.46 Cr

NAV as on April 30, 2018

` 356.6285

1,135,562.22

P/E

65.76

P/B

2.39

Dividend Yield

1.28

Source: www.nseindia.com

Volatility Measures Standard Deviation

5.16

Beta

0.96

Sharpe Ratio

-0.01

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

0.10

Tracking Error

0.13

Creation Unit Size

5000 Units

Pricing (per unit)

1/10th of Index

Exchange Listed

NSE

NSE Symbol

INFRABEES

ISIN

INF732E01268

Bloomberg Code

IBEES IN Equity

Reuters Code

IFRB.NS

Expense Ratio^

0.98

@

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: • Long-term capital appreciation • Investment in Securities covered by Nifty Infrastructure Index

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

44

May 2018

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

Investors understand that their principal will be at High risk

Fundamentals

Reliance ETF Bank BeES

BANKBEES Portfolio as on April 30, 2018

Equity - ETF Details as on April 30, 2018 Type of Scheme An Open Ended Index Exchange Traded Scheme [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]**

Current Investment Philosophy The Scheme employs a passive investment approach designed to track the performance of Nifty Bank Index. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty Bank Index in same proportion as in the Index.

Company/Issuer Banks HDFC Bank Limited* ICICI Bank Limited* Kotak Mahindra Bank Limited* IndusInd Bank Limited* State Bank of India* Axis Bank Limited*

% of Assets 34.48 15.81 13.98 8.38 7.91 7.70

Company/Issuer Yes Bank Limited* The Federal Bank Limited* Ratnakar Bank Limited* Bank of Baroda* Equity Less Than 1% of Corpus Cash and Other Receivables Grand Total

% of Assets 5.77 1.68 1.60 1.23 1.42 0.04 100.00 *Top 10 Holdings

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Date of Allotment May 27, 2004

Fund Manager Payal Wadhwa Kaipunjal

Benchmark Nifty Bank

Fund size

Dividend History Record Date

Monthly Average: ` 2,208.37 Cr Month End: ` 2,081.94 Cr

NAV as on April 30, 2018

` 2,590.1435

Volatility Measures Standard Deviation Beta Sharpe Ratio

5.36 0.97 0.11

Nifty Bank - Valuation Measures Full market capitalisation (` Cr)

1,584,279.17

Rate (`/ Unit)

Cum Dividend NAV

Ex-Dividend NAV

20-Feb-15

13.0000

1,923.0249

1,910.0249

P/E

31.47

11-Mar-14

11.0000

1,220.3525

1,209.3525

P/B

3.10

14-Mar-13

18.0000

1,220.1859

1,202.1859

Dividend Yield

0.57

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Source: www.nseindia.com

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

0.48

Tracking [email protected]

0.08

Creation Unit Size

1000 Units

Pricing (per unit)

1/10th of Index

Exchange Listed

NSE

NSE Symbol

BANKBEES

BSE Code

590106

ISIN

INF732E01078

Bloomberg Code

BBEES IN Equity

Reuters Code

BBES.NS & BBES.BO

Expense Ratio^

0.20

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: — Long-term capital appreciation • Investment in Securities covered by Nifty Bank Index

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at High risk

May 2018

45

Reliance ETF PSU Bank BeES

PSUBNKBEES Portfolio as on April 30, 2018

Equity - ETF

Company/Issuer

Details as on April 30, 2018

% of Assets

Banks

Type of Scheme

State Bank of India*

65.53

An open ended index scheme, listed on the Exchange in the form of an Exchange Traded Fund (ETF) tracking the Nifty PSU Bank Index

Bank of Baroda*

10.16

Current Investment Philosophy The Scheme employs a passive investment approach designed to track the performance of Nifty PSU Bank Index. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty PSU Bank Index in same proportion as in the Index.

Company/Issuer

% of Assets

Bank of India*

2.08

Indian Bank*

1.99

Syndicate Bank*

1.51

Equity Less Than 1% of Corpus

2.62

Punjab National Bank*

7.17

Canara Bank*

3.77

Union Bank of India*

2.64

Cash and Other Receivables

IDBI Bank Limited*

2.48

Grand Total

0.05 100.00 *Top 10 Holdings

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Date of Allotment October 25, 2007

Fund Manager Payal Wadhwa Kaipunjal

Benchmark Nifty PSU Bank

Dividend History

Fund size Record Date

Monthly Average: ` 90.39 Cr Month End: ` 91.20 Cr

NAV as on April 30, 2018

10-Nov-09

` 318.0588

Volatility Measures Standard Deviation Beta Sharpe Ratio

Rate (`/ Unit) 6.0000

Nifty PSU Bank - Valuation Measures

Cum Dividend NAV

Ex-Dividend NAV

350.6454

344.6454

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Full market capitalisation (` Cr)

385,717.60

P/B

1.06

Dividend Yield

0.78

Source: www.nseindia.com

9.17 0.97 -0.06

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

2.53

Tracking [email protected]

0.15

Creation Unit Size

5000 Units

Pricing (per unit)

1/10th of Index

Exchange Listed

NSE

NSE Symbol

PSUBNKBEES

BSE Code

590108

ISIN

INF732E01110

Bloomberg Code

PSUBBE IN Equity

Reuters Code

PSUB.NS & PSUB. BO

Expense Ratio^

0.49

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: • Long-term capital appreciation • Investment in Securities covered by Nifty PSU Bank Index

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

46

May 2018

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

Investors understand that their principal will be at High risk

Fundamentals

Reliance ETF Shariah BeES

SHARIABEES Portfolio as on April 30, 2018

Equity - ETF Details as on April 30, 2018

Company/Issuer

% of Assets

Auto

Type of Scheme

Current Investment Philosophy

14.16

Hero MotoCorp Limited*

5.86

Cement Grasim Industries Limited*

5.22

UltraTech Cement Limited*

5.19

Consumer Durables

The Scheme employs a passive investment approach designed to track the performance of Nifty50 Shariah Index. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty50 Shariah Index in same proportion as in the Index.

Titan Company Limited*

4.96

Consumer Non Durables Hindustan Unilever Limited*

13.04

Asian Paints Limited*

6.56

Ferrous Metals Tata Steel Limited*

Date of Allotment

5.60

Gas GAIL (India) Limited

March 18, 2009

3.46

UPL Limited

3.24

Petroleum Products Indian Oil Corporation Limited

4.20

Bharat Petroleum Corporation Limited

3.66

Pharmaceuticals Cipla Limited

3.73

Dr. Reddy's Laboratories Limited

3.09

Lupin Limited

2.35

Software Tech Mahindra Limited*

5.09

Telecom - Equipment & Accessories Bharti Infratel Limited

3.22

Equity Less Than 1% of Corpus

0.00

Cash and Other Receivables

Oil Oil & Natural Gas Corporation Limited*

Fund Manager

% of Assets

Pesticides

Maruti Suzuki India Limited*

An Open Ended Index Exchange Traded Scheme [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]**

Company/Issuer

6.17

1.22

Grand Total

100.00 *Top 10 Holdings

Payal Wadhwa Kaipunjal

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Benchmark Nifty50 Shariah

Fund size

Dividend History

Industry Allocation

Monthly Average: ` 3.27 Cr Month End: ` 3.29 Cr

NAV as on April 30, 2018

` 248.3732

3.82

Beta

0.97

Sharpe Ratio

0.12

0.91

Tracking [email protected]

0.20

Creation Unit Size

10,000 Units

Pricing (per unit)

1/10th of Index

Exchange Listed

NSE

NSE Symbol

SHARIABEES

BSE Code

590109

ISIN

INF732E01128

Bloomberg Code

SBEES IN Equity

Reuters Code

SBET.NS & SBET.BO

Expense Ratio^

Cum Dividend NAV

Ex-Dividend NAV

11-Mar-14

2.0000

148.8451

146.8451

Nifty50 Shariah Index - Valuation Measures

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

Rate (`/ Unit)

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-`10.

Volatility Measures Standard Deviation

Record Date

Full market capitalisation (` Cr)

1,949,645.95

P/E

24.91

P/B

3.94

Dividend Yield

1.72

Source: www.nseindia.com

0.99

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: • Long-term capital appreciation • Investment in Securities covered by Nifty50 Shariah Index

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at Moderately High risk

May 2018

47

Reliance ETF Hang Seng BeES

HNGSNGBEES Portfolio as on April 30, 2018

Equity - ETF

Company/Issuer

Details as on April 30, 2018

% of Assets

Conglomerates

Type of Scheme

CK Hutchison Holdings Limited*

An open ended index Scheme, investing in overseas Securities listed on the Exchange in the form of an Exchange Traded Fund (ETF) tracking the Hang Seng Index

Current Investment Philosophy The Scheme employs a passive investment approach designed to track the performance of Hang Seng Index. The Scheme seeks to achieve this goal by investing in securities constituting the Hang Seng Index in same proportion as in the Index.

2.60

Consumer Goods Geely Auto Holdings Limited

1.17

Consumer Services

March 9, 2010

% of Assets

China Life Insurance Co. Limited

1.73

Hang Seng Bank Limited

1.58

BOC Hong Kong (Holdings) Limited

1.56

Information Technology Tencent Holdings Limited *

8.83

Galaxy Entertainment Group Limited

1.70

Properties & Construction

Sands China Limited

1.15

CK Asset Holdings Limited

1.82

Sun Hung Kai Properties Limited

1.71

Energy Cnooc Limited

2.43

The Link REIT

1.57

China Petroleum & Chemical Corporation (“Sinopec Corp.")

2.02

Country Garden Holdings Company Limited

1.25

Petrochina Co. Limited

1.26

China Overseas Land & Investment Limited

1.05

Financials

Date of Allotment

Company/Issuer

Telecommunications

HSBC Holdings PLC*

10.09

AIA Group Limited *

8.82

Utilities

China Mobile Limited *

4.77

China Construction Bank Corporation*

8.27

Fund Manager

CLP Holdings Limited

Industrial And Commercial Bank of China Limited*

5.32

Hong Kong And China Gas Co. Limited

Jahnvee Shah1, Siddhardh Deb2

Ping An Insurance (Group) Co. of China Limited*

4.18

Equity Less Than 1% of Corpus

Bank of China Limited*

3.53

Cash and Other Receivables

Hong Kong Exchanges And Clearing Limited *

3.13

Grand Total

Benchmark

1.60 1.43 14.74 0.68 100.00 *Top 10 Holdings

Hang Seng For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Fund size Monthly Average: ` 6.47 Cr Month End: ` 6.67 Cr

NAV as on April 30, 2018

Hang Seng Index - Valuation Measures

Industry Allocation

Full market capitalisation (` Cr)

` 3,150.5931

Volatility Measures Standard Deviation Beta Sharpe Ratio

16,935,000.78

P/E

13.30

Dividend Yield

4.17 0.79 0.03

3.60

Source: Hang Seng Indexes Company Ltd.

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

0.11

Tracking [email protected]

0.39

Creation Unit Size

2500 Units

Pricing (per unit)

1/100th of Index

Exchange Listed

NSE

NSE Symbol

HNGSNGBEES

BSE Code

590113

ISIN

INF732E01227

Bloomberg Code

HSBEES IN Equity

Reuters Code

HNGS.NS & HNGS.BO

Expense Ratio^

0.99

Load structure Entry Load: Nil Exit Load: Nil

1 2

For foreign securities For debt securities

Product Label This product is suitable for investors who are seeking*: • Long-term capital appreciation • Investment in Securities covered by Hang Seng Index

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

48

May 2018

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

Investors understand that their principal will be at High risk

Fundamentals

CPSE ETF

CPSEETF Portfolio as on April 30, 2018

Equity - ETF

Company/Issuer

Details as on April 30, 2018

% of Assets

Construction Project

Type of Scheme

Engineers India Limited*

An Open Ended Index Exchange Traded Scheme [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]**

Finance

2.34

Rural Electrification Corporation Limited*

5.13

Power Finance Corporation Limited*

3.83

Gas

Current Investment Philosophy

GAIL (India) Limited*

The Scheme employs a passive investment approach designed to track the performance of Nifty CPSE Index. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty CPSE Index in same proportion as in the Index.

Date of Allotment

13.86

Industrial Capital Goods Bharat Electronics Limited*

5.16

Minerals/Mining Coal India Limited*

18.01

Company/Issuer

% of Assets

Oil Oil & Natural Gas Corporation Limited*

24.71

Oil India Limited*

3.07

Petroleum Products Indian Oil Corporation Limited*

16.81

Transportation Container Corporation of India Limited*

6.93

Equity Less Than 1% of Corpus

0.00

Cash and Other Receivables

0.16

Grand Total

100.00 *Top 10 Holdings

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

March 28, 2014

Fund Manager Payal Wadhwa Kaipunjal

Benchmark Nifty CPSE

Fund size Monthly Average: ` 4,679.12 Cr Month End: ` 4,636.25 Cr

Nifty CPSE Index - Valuation Measures

Industry Allocation

Full market capitalisation (` Cr)

NAV as on April 30, 2018

` 27.8568

788,382.80

P/E

11.28

Volatility Measures

P/B

1.86

Standard Deviation Beta Sharpe Ratio

Dividend Yield

4.54

5.33 0.96 0.02

Source: www.nseindia.com

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

0.07

Tracking Error

0.25

@

Creation Unit Size

100,000 Units

Pricing (per unit)

1/100th of Index

Exchange Listed

NSE, BSE

NSE Symbol

CPSEETF

BSE Code

538057

ISIN

INF457M01133

Bloomberg Code

CPSEBE IN Equity

Reuters Code

GOMS.NS & GOMS.BO

Expense Ratio^

0.065

Load structure Entry Load: Nil Exit Load: Nil

Product Label This product is suitable for investors who are seeking*: • Long term capital appreciation • Investment in Securities covered by the Nifty CPSE Index

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

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

Investors understand that their principal will be at High risk

May 2018

49

Reliance ETF Liquid BeES Fixed Income - ETF

LIQUIDBEES Portfolio as on April 30, 2018

Details as on April 30, 2018 Type of Scheme An open ended liquid scheme, listed on the Exchange in the form of an ETF, investing in CBLO/Repo & Reverse Repo with daily Dividend and compulsory reinvestment of Dividend

Company/Issuer CBLO, Cash and Other Receivables Deposits Placed With National Securities Clearing Corporation Ltd Grand Total

% of Assets 98.94 1.06 100.00

Current Investment Philosophy All investments of the scheme would be in CBLO, Repos, Reserve Repos and other Money Market Instruments.

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Date of Allotment July 8, 2003

Fund Manager

Rating Profile

Asset Allocation

Siddharth Deb

Benchmark Nifty 1D Rate Index

Fund size Monthly Average: ` 1,928.22 Cr Month End: ` 1,878.31 Cr

NAV as on April 30, 2018

` 1,000.0000

Creation Unit Size

2500 Units

Exchange Listed NSE Symbol BSE Code ISIN Bloomberg Code Reuters Code

NSE LIQUIDBEES 590096 INF732E01037 LBEES IN Equity LBES.NS & LBES.BO 2.62 Days

Average Maturity Modified Duration Expense Ratio^

2.62 Days

CBLO, Cash and Other Receivables, 98.94%

AAA/SOV/A1+/Cash & Other Receivables, 100%

Deposits Placed With NSCCL, 1.06%

Product Label This product is suitable for investors who are seeking*:

0.60

Load structure

• Current income with high degree of liquidity

Entry Load: Nil Exit Load: Nil

• Investment in CBLO/Repo & Reverse Repo predominantly & Money Market Instruments

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Investors understand that their principal will be at Low risk

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

Reliance ETF Long Term Gilt Fixed Income - ETF Details as on April 30, 2018 Type of Scheme

RRSLGETF Portfolio as on April 30, 2018

An open ended Index Exchange Traded Fund

Current Investment Philosophy The Scheme employs a passive investment approach designed to track the performance of Nifty 8-13 yr G-Sec Index. The Scheme seeks to achieve this goal by investing in securities constituting Nifty 8-13 yr G Sec Index in same proportion as in the Index.

Date of Allotment

Company/Issuer

Rating % of Assets

Government Bond

Company/Issuer

Rating % of Assets

97.63

6.79% GOI (MD 15/05/2027)

SOV

33.67

SOV

23.51

7.88% GOI (MD 19/03/2030)

SOV

12.04

7.17% GOI (MD 08/01/2028)

7.59% GOI (MD 20/03/2029)

SOV

12.99

Cash and Other Receivables

6.79% GOI (MD 26/12/2029)

SOV

15.41

Grand Total

2.37 100.00

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

July 5, 2016

Fund Manager

Rating Profile

Prashant Pimple

Asset Allocation

Benchmark Nifty 8-13 yr G-Sec Index

Fund size Monthly Average: ` 135.91 Cr Month End: ` 156.39 Cr

NAV as on April 30, 2018 Creation Unit Size Pricing (per unit)

` 16.8024 250,000 Units

Exchange Listed NSE Symbol ISIN Bloomberg Code Reuters Code

1/100th of Index NSE RRSLGETF INF204KB1882 RELGILT IN Equity RELO.NS

Average Maturity Modified Duration Yield to Maturity*

9.97 Years 6.72 Years 7.85%

Expense Ratio^

0.09

Government Bond, 97.63%

AAA/SOV/A1+/Cash & Other Receivables, 100.00%

Cash & Other Receivables, 2.37%

Product Label This product is suitable for investors who are seeking*:

Load structure

— Income over long term

Entry Load: Nil Exit Load: Nil *excluding other receivables YTM including other receivables: 7.34%

— Investments in Gilt Securities replicating the composition of Nifty 8-13 yr G-Sec Index, subject to tracking errors

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

50

May 2018

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

Investors understand that their principal will be at Moderate risk

Fundamentals

Reliance ETF Gold BeES

GOLDBEES

Gold - ETF

Portfolio as on April 30, 2018

Details as on April 30, 2018 Type of Scheme An open ended scheme, listed on the Exchange in the form of an Exchange Traded Fund (ETF) investing in physical gold

Current Investment Philosophy

Company/Issuer Gold* Cash and Other Receivables Grand Total * Out of this 625 KG of gold is invested under Gold Monetization Scheme(GMS) of Banks.

% of Assets 99.55 0.45 100.00

The Scheme employs an investment approach designed to track the performance of physical gold. The Scheme seeks to achieve this goal by investing in physical gold and gold related securities.

Date of Allotment March 8, 2007 Fund Manager

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Volatility Measures

Payal Wadhwa Kaipunjal

Standard Deviation

Benchmark

4.04

Beta

0.97

Sharpe Ratio

-0.04

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Domestic Prices of Gold

Fund size Monthly Average: ` 2,419.14 Cr Month End: ` 2,417.55 Cr

NAV as on April 30, 2018 Portfolio Turnover (Times) Tracking [email protected] Creation Unit Size Pricing (per unit)

` 2,787.9467

Exchange Listed NSE Symbol BSE Code ISIN Bloomberg Code Reuters Code

NSE GOLDBEES 590095 INF732E01102 GBEES IN Equity GBES.NS,GBES.BO

Expense Ratio^

1.00

0.01 0.19 1000 Units Approx 1 Gram of Gold

Product Label This product is suitable for investors who are seeking*: • Portfolio diversification through asset allocation

Load structure

• Investment in physical gold

Entry Load: Nil Exit Load: Nil

Investors understand that their principal will be at Moderately High risk

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Reliance Gold Savings Fund Gold - FOF Details as on April 30, 2018 Type of Scheme

RGOLDSF Portfolio as on April 30, 2018

An open ended Fund of Fund Scheme

Current Investment Philosophy The Scheme employs an investment approach designed to track the performance of Reliance ETF Gold BeES. The Scheme seeks to achieve this goal by investing in Reliance ETF Gold BeES.

Date of Allotment

Company/Issuer Others Reliance ETF Gold BeES Cash and Other Receivables Grand Total

% of Assets 100.00 100.00 0.00 100.00

For SIP performance refer page 54. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

March 7, 2011

Fund Manager

Volatility Measures

Payal Wadhwa Kaipunjal

Standard Deviation

Benchmark

3.54

Beta

0.82

Sharpe Ratio

-0.06

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Domestic Prices of Gold

Fund size Monthly Average: ` 661.51 Cr Month End: ` 655.99 Cr

NAV as on April 30, 2018 Growth Plan Dividend Plan Direct - Growth Plan Direct - Dividend Plan

` ` ` `

13.1737 13.1737 13.4859 13.4859

Expense Ratio^ (expense ratio including the underlying fund) Regular/Other than Direct: 1.70 Direct: 1.20

Load structure Entry Load: Nil Exit Load: 2% If redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Product Label This product is suitable for investors who are seeking*: — Long term capital growth — Returns that are commensurate with the performance of Reliance ETF Gold BeES through investment in securities of Reliance ETF Gold BeES *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately High risk

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

May 2018

51

Reliance Retirement Fund - Wealth Creation Scheme

RRF-WC

Portfolio as on April 30, 2018

Equity - Retirement Details as on April 30, 2018 Type of Scheme An open ended notified tax savings cum pension scheme with no assured returns

Current Investment Philosophy The investment objective of the scheme is to provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing in an equity oriented portfolio. The fund attempts to invest primarily in the large cap space with some allocations to good quality mid-cap companies. The fund endeavors to provide a superior wealth creation alternative for investors who are in the accumulation phase i.e seeking to create a retirement corpus during their pre-retirement phase.

Date of Allotment February 11, 2015

Fund Manager Sanjay Parekh, Anju Chhajer

Benchmark

Company/Issuer Equity Auto Tata Motors Limited Maruti Suzuki India Limited Mahindra & Mahindra Limited Auto Ancillaries Sundaram Clayton Limited Banks HDFC Bank Limited* Kotak Mahindra Bank Limited* ICICI Bank Limited* State Bank of India Cement Grasim Industries Limited* Construction Project Larsen & Toubro Limited* Consumer Non Durables ITC Limited Ferrous Metals JSW Steel Limited* Tata Steel Limited Finance Bharat Financial Inclusion Limited* Housing Development Finance Corporation Limited* HDFC Standard Life Insurance Company Limited Max Financial Services Limited IDFC Limited Industrial Capital Goods GE Power India Limited

Rating

% of Assets 2.16 1.84 1.13 1.74 9.88 3.34 3.17 2.16 7.06 4.13 2.48 2.56 2.22 5.83 4.58 1.65 1.12 1.02 1.85

S&P BSE 100

For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Fund Size

SIP - If you invested ` 10000 every month in RRF-WC

Monthly Average: ` 1,204.34 Cr Month End: ` 1,238.34 Cr

NAV as on April 30, 2018 Growth Plan Dividend Plan Bonus Option Direct - Growth Plan Direct - Dividend Plan Direct - Bonus Option

Company/Issuer Rating % of Assets Media & Entertainment TV18 Broadcast Limited 1.79 Non - Ferrous Metals Hindalco Industries Limited 1.47 Vedanta Limited 1.44 National Aluminium Company Limited 1.01 Oil Oil & Natural Gas Corporation Limited 1.48 Petroleum Products Reliance Industries Limited 2.56 Indian Oil Corporation Limited 2.18 Pharmaceuticals Aurobindo Pharma Limited 1.56 Sun Pharmaceutical Industries Limited 1.06 Power JSW Energy Limited 1.12 Software Infosys Limited* 5.59 Telecom - Services Bharti Airtel Limited* 2.97 Textile Products Indian Terrain Fashions Limited 1.47 Debt Certificate of Deposit 2.41 The South Indian Bank Limited CARE A1+ 2.41 Commercial Paper 2.30 Housing Development Finance Corporation Limited ICRA A1+ 1.90 Manappuram Finance Limited CRISIL A1+ 0.40 Equity Less Than 1% of Corpus 9.50 Cash & Other Receivables 0.17 Grand Total 100.00 *Top 10 Holdings

` ` ` ` ` `

13.7327 13.7327 13.7327 14.4064 14.4064 14.4064

Since Inception 390,000 493,379 14.86 15.26 14.60

Total Amount Invested (`) Market Value (`) Scheme Return (%) B: S&P BSE 100 (TRI) Return (%) AB: S&P BSE Sensex (TRI) Return (%) Inception Date: February 13, 2015

3 Year 360,000 452,534 15.72 16.44 15.85

1 Year 120,000 126,841 11.33 13.90 16.96

N.A: Since TRI data is not available prior to 31/05/2007 for S&P BSE Sensex, performance for such period is not provided. Past performance may or may not be sustained in future. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

Volatility Measures Standard Deviation

4.16

Beta

0.99

Sharpe Ratio

0.12

Industry Allocation

Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 27/04/2018).

Portfolio Turnover (Times)

0.69

Expense Ratio^ Regular/Other than Direct:

2.20

Direct:

1.55

Load structure Entry Load: Nil Exit Load: 1% if redeemed/switched out from Reliance Retirement Fund before attainment of 60 years of age. • Nil in case of Auto SWP/Redemption/Switch out from Reliance Retirement Fund on or after attainment of 60 years of age or after completion of 5 year lock in period, whichever is later.

Product Label

• Nil in case of switch made from Wealth Creation Scheme to

This product is suitable for investors who are seeking*:

• Nil in case of Auto Transfer from Wealth Creation Scheme to

— Long term growth and capital appreciation

Income Generation Scheme or vice versa.

Income Generation Scheme.

(Note: Age will be computed with reference to years completed on the date of transaction)

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

52

May 2018

— Investing primarily in Equity and equity related instruments and balance in fixed income securities so as to help the investor in achieving the retirement goals *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investors understand that their principal will be at Moderately High risk

Fundamentals

Reliance Retirement Fund - Income Generation Scheme RRF-IG Portfolio as on April 30, 2018

Fixed Income - Retirement Details as on April 30, 2018 Type of Scheme An open ended notified tax savings cum pension scheme with no assured returns

Current Investment Philosophy The investment objective of the scheme is to provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing in fixed income oriented portfolio with a low to moderate exposure (upto 30%) in equities. Thus the fund attempts to generate potentially higher returns by combining stability of fixed income along with growth possibilities of equities. On the fixed income allocation the fund will attempt to have an optimal blend of duration and accruals with investments in high quality instruments. The equity portfolio will be invested pre-dominantly in large cap companies with tactical allocation to mid cap stocks. The fund is well suited for investors in the post-retirement phase seeking regular income with lower volatility.

Date of Allotment

Company/Issuer Debt Corporate Bond IDFC Bank Limited Government Bond Government of India State Government Bond State Government Securities Equity Banks HDFC Bank Limited* Cement Grasim Industries Limited* Finance Bharat Financial Inclusion Limited* Software Infosys Limited* Equity Less Than 1% of Corpus Cash & Other Receivables Grand Total

Rating

% of Assets 2.34 2.34 68.57 68.57 4.74 4.74

ICRA AAA SOV SOV

2.43 1.42 1.40 1.09 14.15 3.86 100.00 *Top 10 Holdings

February 11, 2015

Fund Manager Anju Chhajer, Sanjay Parekh

For SIP performance refer page 54. For scheme performance refer page 56-63. For Fund manager wise scheme performance refer page 64-66.

Benchmark Crisil Hybrid 85+15 - Conservative Index

Rating Profile

Asset Allocation

Fund Size

Rating

Monthly Average: ` 214.45 Cr

Asset

Month End: ` 212.64 Cr

NAV as on April 30, 2018 Growth Plan Dividend Payout Option Bonus Option Direct - Growth Plan Direct - Dividend Payout Option Direct - Bonus Option

` ` ` ` ` `

Average Maturity

22.80 years

Modified Duration

9.53 years

Yield to Maturity*

7.94%

11.9797 11.9797 11.9797 12.5730 12.5730 12.5730

AAA/SOV/A1+/Cash & Other Receivables, 79.52%

Government Bond, 68.57%

Equity, 20.48%

Equity, 20.48%

State Government Bond, 4.74%

Corporate Bond, 2.34%

Cash & Other Receivables, 3.86%

Industry Allocation (Equity Portion)

Expense Ratio^ Regular/Other than Direct:

2.29

Direct:

1.04

Load structure Entry Load: Nil Exit Load: 1% if redeemed/switched out from Reliance Retirement Fund before attainment of 60 years of age. • Nil in case of Auto SWP/Redemption/Switch out from Reliance Retirement Fund on or after attainment of 60 years of age or after completion of 5 year lock in period, whichever is later. • Nil in case of switch made from Wealth Creation Scheme to Income Generation Scheme or vice versa. • Nil in case of Auto Transfer from Wealth Creation Scheme to Income Generation Scheme. (Note: Age will be computed with reference to years completed on the date of transaction)

This product is suitable for investors who are seeking*:

*excluding other receivables YTM including other receivables: 7.73%

— income over long term along with capital growth

Average Maturity, Modified Duration & YTM details provided for Debt portion of Portfolio only.

— Investing primarily in fixed income securities and balance in equity and equity related instruments so as to help the investor in achieving the retirement goals

Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

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

Fundamentals

Product Label

Investors understand that their principal will be at Moderately High risk

May 2018

53

SYSTEMATIC INVESTMENT PLAN (SIP) RETURNS Reliance Banking Fund (RBF)

Reliance Regular Savings Fund - Debt Option (RRSF-D)

Since Inception

10 Years

5 Years

3 Years

1 Year

Total Amount Invested (`) 1,800,000 1,200,000 600,000 360,000 120,000 Market Value (`) 9,998,649 3,222,647 1,001,947 486,279 125,390 Scheme Return (%) 20.57 18.86 20.84 20.92 8.90 B: Nifty Bank (TRI) Return (%) 18.02 17.16 18.42 18.71 8.31 AB: S&P BSE Sensex (TRI) Return (%) N.A. 12.83 13.49 15.85 16.96 Inception Date: May 26, 2003 N.A: Since TRI data is not available prior to 31/05/2007 for S&P BSE Sensex, performance for such period is not provided.

Reliance Power & Infra Fund (RPIF) Since Inception

10 Years

5 Years

3 Years

1 Year

Total Amount Invested (`) 1,680,000 1,200,000 600,000 360,000 120,000 Market Value (`) 4,781,794 2,165,506 988,422 495,557 126,918 Scheme Return (%) 13.88 11.42 20.27 22.30 11.46 B: Nifty Infrastructure Index (TRI) 5.63 5.13 9.48 11.79 7.66 Return (%) AB: S&P BSE Sensex (TRI) Return (%) N.A. 12.83 13.49 15.85 16.96 Inception Date: May 8, 2004 N.A: Since TRI data is not available prior to 31/05/2007 for S&P BSE Sensex, performance for such period is not provided.

Total Amount Invested (`) Market Value (`)

10 Years

5 Years

3 Years

1 Year

1,630,000 1,200,000 4,050,508 2,415,338

600,000 789,704

360,000 409,444

120,000 122,281

Scheme Return (%) 12.55 13.47 11.05 8.70 3.74 B: Nifty India Consumption (TRI) N.A. N.A. 18.06 19.93 21.11 Return (%) AB: S&P BSE Sensex (TRI) Return (%) N.A. 12.83 13.49 15.85 16.96 Inception Date: September 30, 2004 N.A: Since TRI data is not available prior to 14/02/2012 & 31/05/2007 for Nifty India Consumption Index & S&P BSE Sensex, performance for such period is not provided.

Reliance Pharma Fund (RPF) Since Inception Total Amount Invested (`) Market Value (`) Scheme Return (%) B: S&P BSE HC (TRI) Return (%) AB: S&P BSE Sensex (TRI) Return (%) Inception Date: June 5, 2004

10 Years

5 Years

3 Years

1 Year

1,670,000 1,200,000 7,111,762 3,024,536 19.03 17.68 N.A. 13.63 N.A. 12.83

600,000 753,976 9.17 2.92 13.49

360,000 378,803 3.40 -4.40 15.85

120,000 129,832 16.41 2.62 16.96

N.A: Since TRI data is not available prior to 31/12/2007 & 31/05/2007 for S&P BSE Healthcare & S&P BSE Sensex, performance for such period is not provided.

Reliance Equity Hybrid Fund (REHF) Since Inception

Since Inception

5 Years

3 Years

1 Year

1,550,000 1,200,000

600,000

360,000

120,000

Market Value (`)

2,651,791 1,845,623

122,711

734,838

400,679

Scheme Return (%)

7.98

8.40

8.15

7.25

4.52

B: Crisil Composite Bond Fund Index Return (%)

7.64

7.92

7.72

5.91

0.14

AB: Crisil 10 Yr Gilt Index Return (%)

6.12

6.01

5.53

2.94

-5.36

Inception Date: June 9, 2005

Reliance Dynamic Bond Fund (RDBF) Since Inception Total Amount Invested (`) Market Value (`) Scheme Return (%) B: Crisil Composite Bond Fund Index Return (%) AB: Crisil 10 Yr Gilt Index Return (%) Inception Date: November 15, 2004

10 Years

5 Years

3 Years

1 Year

1,620,000 1,200,000 2,678,579 1,788,943 7.15 7.80 7.57 7.92

600,000 714,402 7.01 7.72

360,000 388,796 5.18 5.91

120,000 119,441 -0.92 0.14

5.53

2.94

-5.36

6.11

6.01

Reliance Gold Savings Fund (RGOLDSF)

Reliance Consumption Fund (RCF) Since Inception

10 Years

Total Amount Invested (`)

10 Years

5 Years

3 Years

1 Year

Total Amount Invested (`) 1,550,000 1,200,000 600,000 360,000 120,000 Market Value (`) 4,415,434 2,736,061 894,363 444,542 125,176 Scheme Return (%) 15.13 15.81 16.14 14.45 8.54 B: CRISIL Hybrid 35+65 11.67 12.31 13.25 13.43 9.78 Aggressive Index Return (%) AB: S&P BSE Sensex (TRI) Return (%) N.A. 12.83 13.49 15.85 16.96 Inception Date: June 8, 2005 N.A: Since TRI data is not available prior to 31/05/2007 for S&P BSE Sensex, performance for such period is not provided.

Total Amount Invested (`) Market Value (`)

Since Inception

5 Years

3 Years

1 Year

860,000 894,070

600,000 628,897

360,000 381,649

120,000 125,391

1.08 2.77 N.A

1.88 3.65 N.A

3.90 5.19 N.A

8.90 11.20 N.A

Scheme Return (%) B: Domestic Prices of Gold Return (%) AB: N.A Return (%) Inception Date: March 7, 2011

Reliance Retirement Fund - Income Generation Scheme (RRF-IG) Total Amount Invested (`) Market Value (`) Scheme Return (%) B: CRISIL Hybrid 85+15 - Conservative Index Return (%) AB: Crisil 10 Yr Gilt Index Return (%) Inception Date: February 11, 2015

Since Inception

3 Year

1 Year

390,000 425,422 5.41 7.69 3.36

360,000 389,525 5.31 7.63 2.94

120,000 119,104 -1.48 2.21 -5.36

Details as on April 30, 2018 Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. It is assumed that a SIP of `10,000 each executed on 10th of every month including the first installment. Load has not been taken into consideration. Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR.

Brief on New Securities included in the Portfolio of Debt Funds Vineha Enterprise Pvt Ltd (Vineha )(Unrated) Vineha is one of the promoter holding company of AGS Transact Technologies Limited (AGSTTL, Rated A-/A1 by India Ratings). Vineha at present holds ~42% of equity shares in AGSTTL. AGSTTL provides a spectrum of services including the commissioning of key equipments and providing software support to the banking, retail, petroleum, paint and textile companies. Standalone business is broadly divided into three segments: a) Banking Payment Solutions (BPS) b) Banking Automation Solutions c) Other Automation Solutions. The exposure to Vineha is a Loan against shares transaction where the security is a pledge on shares. We take comfort from the AGSTTL’s stable and established business model, consistent growth in no of ATM in BPS segment, scale up of Cash Replenishment Agencies business, comfortable financial indicators of AGSTTL and strong ring-fenced transaction structure. Source: Company website

54

May 2018

Fundamentals

FUND MANAGER'S / EXPERIENCE As on April 30, 2018 Fund Manger (Industry Experience)

Managing the Fund since

Fund Manger (Industry Experience)

Managing the Fund since

Fund Manger (Industry Experience)

Equity Fund Management Team

Reliance Index Fund - Nifty Plan

Jan 2017

Reliance Yearly Interval Fund - Series 1

Mr. Manish Gunwani (21 years)

Reliance Index Fund - Sensex Plan

Jan 2017

Reliance Interval Fund - All Series

Managing the Fund since

All Series of Reliance Fixed Horizon Fund

Reliance Growth Fund

Sep 2017

Reliance ETF Dividend Opportunities

Jan 2017

Reliance Capital Builder Fund IV - Series D

Jan 2018

Reliance ETF Consumption

Jan 2017

Reliance ETF Nifty 100

Jan 2017

Reliance Dynamic Bond Fund

Oct 2008

Reliance ETF Sensex

Jan 2017

Reliance Income Fund

Oct 2008

Reliance Arbitrage Fund (formerly known as Reliance Arbitrage Advantage Fund)

Jan 2017

Reliance Gilt Securities Fund

Oct 2008

Reliance ETF NV20 Reliance Gold Savings Fund

Mr. Sailesh Raj Bhan (22 Years) Reliance Pharma Fund

Jun 2004

Reliance Consumption Fund (formerly known as Reliance Media & Entertainment Fund)

Sep 2004

Reliance Multi Cap Fund (formerly known as Reliance Equity Opportunities Fund)

Mar 2005

Reliance Large Cap Fund (formerly known as Reliance Top 200 Fund)

Aug 2007

Reliance Close Ended Equity Fund - Series A

Dec 2013

Reliance Close Ended Equity Fund - Series B

Jan 2014

Reliance Close Ended Equity Fund II - Series A

May 2014

Reliance Short Term Fund

Oct 2008

Jan 2017

Reliance Regular Savings Fund - Debt Option

Aug 2010

Jan 2017

Reliance Corporate Bond Fund

Jun 2014

Reliance ETF Long Term Gilt

Jul 2016

Mr. Ashutosh Bhargava (13 Years)

Various Series of Reliance Dual Advantage Fixed Tenure Fund

Reliance Quant Fund (formely known as Reliance Quant Plus Fund)

Sep 2017

Mr. Dhrumil Shah (11 Years) Co-Fund Manager Reliance Small Cap Fund

Mr. Ashwani Kumar (25 Years)

Feb 2018

Jun 2003

Asst. Fund Manager

Reliance Tax Saver (ELSS) Fund

Sep 2005

Reliance Capital Builder Fund IV - Series C

Feb 2018

Reliance Large Cap Fund (formerly known as Reliance Top 200 Fund)

Aug 2007

Reliance Capital Builder Fund IV - Series D

Feb 2018

Reliance Capital Builder Fund IV - Series B

Nov 2017

Ms. Meenakshi Dawar (9 Years)

Reliance Vision Fund

Reliance Balanced Advantage Fund (formerly known as Reliance NRI Equity Fund)

Mr. Sanjay Parekh (24 Years)

Oct 2009

Reliance Liquid Fund - Cash Plan

Oct 2013

Reliance Liquid Fund - Treasury Plan

Oct 2013

Reliance Japan Equity Fund

Aug 2014

Reliance Retirement Fund - Wealth Creation Scheme

Feb 2015

Reliance Retirement Fund - Income Generation Scheme

Feb 2015

Reliance Banking & PSU Debt Fund

May 2015

Reliance Equity Savings Fund

May 2015

Reliance US Equity Opportunities Fund

Oct 2017

Mr. Vivek Sharma (12 Years)

Nov 2017

Reliance Liquidity Fund

Oct 2013

Reliance Capital Builder Fund IV - Series C

Dec 2017

Reliance Floating Rate Fund - Short Term Plan

Oct 2013

Reliance Capital Builder Fund IV - Series D

Jan 2018

Reliance Liquid Fund - Cash Plan

Apr 2012

Reliance Retirement Fund - Wealth Creation Scheme

Feb 2015

Oct 2013

Reliance Banking & PSU Debt Fund

Various Series of Reliance Dual Advantage Fixed Tenure Fund

Jul 2015

Reliance Capital Builder Fund IV - Series B

Reliance Equity Hybrid Fund (formerly known as Reliance Regular Savings Fund - Balanced Option)

May 2015

Oct 2009

Reliance Medium Term Fund

Reliance Capital Builder Fund IV - Series A

Reliance Focused Equity Fund (formerly known as Reliance Mid & Small Cap Fund

Reliance Equity Savings Fund

Reliance Money Manager Fund

Apr 2018

Apr 2012

Feb 2015

Apr 2017

Ms. Anju Chhajer (22 Years)

Various Series of Reliance Dual Advantage Fixed Tenure Fund

Reliance Monthly Income Plan

Reliance Retirement Fund - Income Generation Scheme

Mr. Prashant Pimple (18 Years)

May 2015

Mr. Sanjay Doshi (13 Years) Reliance Power & Infra Fund (formerly known as Reliance Diversified Power Sector Fund)

Jan 2017

Mr. Samir Rachh (26 Years) Reliance Small Cap Fund

Jan 2017

Mr. Vinay Sharma (14 Years)

Reliance Focused Equity Fund

Sep 2010

Reliance Banking Fund

Reliance Capital Builder Fund II - Series B

Jan 2015

Reliance Capital Builder Fund III - Series A

Jan 2017

Reliance Value Fund (formerly known as Reliance Regular Savings Fund - Equity Option)

Apr 2017

Reliance Capital Builder Fund IV - Series C

Dec 2017

Mr. Siddharth Deb (11 Years) Reliance ETF Liquid BeES

Nov 2012

Reliance ETF Hang Seng BeES

Nov 2016

Apr 2018

Ms. Jahnvee Shah (14 Years) Dedicated Fund Manager for Overseas Investments Reliance Japan Equity Fund

Aug 2014

Reliance US Equity Opportunities Fund

July 2015

Reliance ETF Hang Seng BeES

Apr 2017

Ms. Payal Wadhwa Kaipunjal (13 Years) Reliance ETF Junior BeES

May 2008

Fixed Income Fund Management Team

Reliance ETF PSU Bank BeES

May 2008

Mr. Amit Tripathi (21 Years)

CPSE ETF

Mar 2014

Reliance Liquidity Fund

Jun 2005

Reliance ETF Gold BeES

May 2014

Reliance Money Manager Fund

Mar 2007

Reliance ETF Bank BeES

May 2014

Reliance Floating Rate Fund - Short Term Plan

Oct 2007

Reliance ETF Nifty BeES

May 2014

Reliance Monthly Income Plan

Oct 2008

Reliance ETF Infra BeES

Nov 2016

Reliance Medium Term Fund

Oct 2008

Reliance ETF Shariah BeES

Nov 2016

Reliance Equity Hybrid Fund (formerly known as Reliance Regular Savings Fund - Balanced Option)

Aug 2010

Fundamentals

May 2018

55

SCHEME PERFORMANCE As on April 30, 2018 Reliance Vision Fund (RVF)

Reliance Index Fund - Nifty Plan (RIF-NP) NAV as on April 30, 2018: ` 17.8753

NAV as on April 30, 2018: ` 556.1733 Particulars Reliance Vision Fund B: S&P BSE 250 LargeMidcap (TRI) AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance Vision Fund B: S&P BSE 250 LargeMidcap (TRI) AB: S&P BSE Sensex (TRI) Inception Date: Oct 8, 1995 Fund Manager: Ashwani Kumar (Since Jun 2003)

1 Year 11.11 17.49 18.88

CAGR % 3 Years 8.30 13.22 10.71

5 Years Since Inception 16.45 19.48 16.62 NA 14.15 11.38

11,117 11,759 11,900

12,704 14,517 13,572

21,427 21,575 19,387

556,176 NA 114,005

As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 06/10/1995 to 31/05/2007 and TRI values since 31/05/2007.

Reliance Large Cap Fund (RLCF) CAGR % 3 Years 11.70 11.80 10.71

Particulars 1 Year 5 Years Since Inception Reliance Large Cap Fund 15.37 18.41 11.70 B: S&P BSE 100 (TRI) 16.75 15.07 10.12 AB: S&P BSE Sensex (TRI) 18.88 14.15 9.56 Value of `10000 Invested Reliance Large Cap Fund 11,546 13,941 23,290 32,789 B: S&P BSE 100 (TRI) 11,685 13,980 20,182 28,150 AB: S&P BSE Sensex (TRI) 11,900 13,572 19,387 26,647 Inception Date: Aug 8, 2007 Fund Manager: Sailesh Raj Bhan (Since Aug 2007) & Ashwani Kumar (Since Aug 2007 till May 6, 2018)

Reliance Quant Fund (RQF)

Reliance Quant Fund B: S&P BSE 200 (TRI) AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance Quant Fund B: S&P BSE 200 (TRI) AB: S&P BSE Sensex (TRI) Inception Date: Apr 18, 2008 Fund Manager : Ashutosh Bhargava (Since Sep 2017)

1 Year 14.63 17.04 18.88

CAGR % 3 Years 9.33 12.83 10.71

5 Years Since Inception 12.83 9.83 16.24 10.20 14.15 9.41

11,471 11,714 11,900

13,072 14,367 13,572

18,292 21,230 19,387

25,637 26,507 24,664

NAV as on Apr 30, 2018: Rs 86.6932

1 Year 8.70 12.39 18.88

CAGR % 3 Years 9.23 11.20 10.71

5 Years Since Inception Reliance Balanced Advantage Fund 14.57 17.40 B: CRISIL Hybrid 35+65 - Aggressive Index 13.50 13.17 AB: S&P BSE Sensex (TRI) 14.15 15.39 Value of `10000 Invested Reliance Balanced Advantage Fund 10,875 13,035 19,749 86,694 B: CRISIL Hybrid 35+65 - Aggressive Index 11,246 13,756 18,840 52,907 AB: S&P BSE Sensex (TRI) 11,900 13,572 19,387 68,785 Inception Date: Nov 15, 2004 Fund Manager: Meenakshi Dawar (Since Apr 2017 till May 6, 2018), (Manish Gunwani, Ashutosh Bhargava [Co-Fund Manager] Since May 7, 2018) As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 12/11/2004 to 31/05/2007 and TRI values since 31/05/2007.

56

May 2018

13,112 13,640 13,572

18,224 19,286 19,387

CAGR % 3 Years 9.29 10.71 10.89

5 Years Since Inception 12.53 7.46 14.15 9.18 14.03 9.19

13,058 13,572 13,640

18,048 19,387 19,286

1 Year 15.64 15.91 18.88

CAGR % 3 Years 14.19 19.18 10.71

5 Years Since Inception 20.72 23.45 23.46 NA 14.15 11.38

11,573 11,601 11,900

14,896 16,937 13,572

25,655 28,696 19,387

17,875 19,490 19,484

NAV as on April 30, 2018: ` 17.2648

1 Year 17.84 18.88 16.91

Reliance Index Fund - Sensex Plan B: S&P BSE Sensex (TRI) AB: Nifty 50 (TRI) Value of `10000 Invested Reliance Index Fund - Sensex Plan 11,794 B: S&P BSE Sensex (TRI) 11,900 AB: Nifty 50 (TRI) 11,701 Inception Date: Sep 28, 2010 Fund Manager: Payal Wadhwa Kaipunjal (Since Jan 2017)

17,265 19,484 19,490

Reliance Growth Fund (RGF)

NAV as on April 30, 2018: ` 1161.6619

Reliance Growth Fund B: S&P BSE MidCap (TRI) AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance Growth Fund B: S&P BSE MidCap (TRI) AB: S&P BSE Sensex (TRI) Inception Date: Oct 8, 1995 Fund Manager: Manish Gunwani (Since Sep 2017)

1,161,656 NA 114,005

As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 06/10/1995 to 31/05/2007 and TRI values since 31/05/2007.

Reliance Focused Equity Fund (RFEF)

Reliance Balanced Advantage Fund (RBAF) Particulars

5 Years Since Inception 12.75 7.95 14.03 9.19 14.15 9.18

Reliance Index Fund - Sensex Plan (RIF-SP)

Particulars

NAV as on April 30, 2018: ` 25.6375

CAGR % 3 Years 9.44 10.89 10.71

1 Year 15.55 16.91 18.88

Reliance Index Fund - Nifty Plan B: Nifty 50 (TRI) AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance Index Fund - Nifty Plan 11,564 B: Nifty 50 (TRI) 11,701 AB: S&P BSE Sensex (TRI) 11,900 Inception Date: Sep 28, 2010 Fund Manager: Payal Wadhwa Kaipunjal (Since Jan 2017)

Particulars

NAV as on April 30, 2018: ` 32.7888

Particulars

Particulars

Reliance Focused Large Cap Fund merged with Reliance Mid & Small Cap Fund and with few changes in attribute the scheme has been renamed as Reliance Focused Equity Fund. In line with SEBI circular SEBI/HO/IMD/DF3/CIR/P/2018/69 dated Apr 12, 2018; the scheme performance has not been provided.

Reliance Small Cap Fund (RSCF) NAV as on April 30, 2018: ` 46.8818 Particulars

1 Year 25.84 20.41 18.88

CAGR % 3 Years 25.81 19.89 10.71

5 Years Since Inception Reliance Small Cap Fund 37.37 22.46 B: S&P BSE SmallCap (TRI) 26.36 9.40 AB: S&P BSE Sensex (TRI) 14.15 9.64 Value of `10000 Invested Reliance Small Cap Fund 12,600 19,928 48,960 46,882 B: S&P BSE SmallCap (TRI) 12,053 17,243 32,236 19,842 AB: S&P BSE Sensex (TRI) 11,900 13,572 19,387 20,175 Inception Date: Sep 16, 2010 Fund Manager: Samir Rachh (Since Jan 2017), Co-Fund Manager Dhrumil Shah (Since Feb 2018)

Fundamentals

SCHEME PERFORMANCE As on April 30, 2018 Reliance Value Fund (RVALUEF)

Reliance Power & Infra Fund (RPIF)

NAV as on April 30, 2018: ` 75.5816 Particulars

NAV as on April 30, 2018: ` 116.5911 1 Year 15.91 -5.26 18.88

CAGR % 3 Years 14.22 10.41 10.71

5 Years Since Inception 19.60 16.97 12.44 NA 14.15 14.87

Reliance Value Fund B: S&P BSE Enhanced Value Index (TRI) AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance Value Fund 11,600 14,906 24,488 B: S&P BSE Enhanced Value Index (TRI) 9,471 13,461 17,981 AB: S&P BSE Sensex (TRI) 11,900 13,572 19,387 Inception Date: Jun 8, 2005 Fund Manager: Samir Rachh (Since Apr 2017 till May 6, 2018), Meenakshi Dawar (w.e.f. May 7, 2018)

75,582 NA 59,816

As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 08/06/2005 to 31/05/2007 and TRI values since 31/05/2007.

Reliance Multi Cap Fund (RMCF)

Reliance Multi Cap Fund B: S&P BSE 500 (TRI) AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance Multi Cap Fund B: S&P BSE 500 (TRI) AB: S&P BSE Sensex (TRI) Inception Date: Mar 28, 2005

1 Year 14.45 17.22 18.88

5 Years Since Inception 17.45 18.71 16.90 15.23 14.15 15.09

11,454 11,732 11,900

13,047 14,632 13,572

22,357 21,840 19,387

94,560 64,013 63,009

Fund Manager: Sailesh Raj Bhan (Since Mar 2005)

Reliance Equity Hybrid Fund (RHEF) NAV as on April 30, 2018: ` 55.3849

1 Year 13.33 12.39 18.88

CAGR % 3 Years 12.24 11.20 10.71

Reliance Equity Hybrid Fund B:CRISIL Hybrid 35+65 - Aggressive Index AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance Equity Hybrid Fund 11,341 14,145 B:CRISIL Hybrid 35+65 - Aggressive Index 11,246 13,756 AB: S&P BSE Sensex (TRI) 11,900 13,572 Inception Date: Jun 8, 2005 Fund Manager: Sanjay Parekh (Since Apr 2012) & Amit Tripathi (Since Aug 2010)

5 Years Since Inception 17.38 14.19 13.50 12.81 14.15 14.87 22,295 18,840 19,387

55,385 47,348 59,816

As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 08/06/2005 to 31/05/2007 and TRI values since 31/05/2007.

Reliance Equity Savings Fund (RESF) CAGR % 3 Years NA NA NA

1 Year 5 Years Since Inception Reliance Equity Savings Fund 8.78 NA 8.42 B: Custom Benchmark** 9.48 NA 8.18 AB: S&P BSE Sensex (TRI) 18.88 NA 9.84 Value of `10000 Invested Reliance Equity Savings Fund 10,883 NA NA 12,664 B: Custom Benchmark** 10,953 NA NA 12,582 AB: S&P BSE Sensex (TRI) 11,900 NA NA 13,158 Inception Date: May 30, 2015 ** 40%Crisil Liquid Fund+30%Crisil Short Term Bond Fund+30%Nifty 50 (TRI) Fund Manager: Sanjay Parekh (Since May 2015) & Anju Chhajer (Since May 2015) As the Scheme has completed more than 1 year but less than 3 years, the performance details of only since inception and 1 year are provided herein.

Reliance Banking Fund (RBF) CAGR % 3 Years 15.14 12.56 10.71

1 Year 5 Years Since Inception Reliance Banking Fund 13.28 18.90 24.66 B: Nifty Bank (TRI) 14.84 16.28 22.09 AB: S&P BSE Sensex (TRI) 18.88 14.15 18.88 Value of `10000 Invested Reliance Banking Fund 11,336 15,270 23,774 269,109 B: Nifty Bank (TRI) 11,493 14,266 21,267 197,239 AB: S&P BSE Sensex (TRI) 11,900 13,572 19,387 132,474 Inception Date: May 26, 2003 Fund Manager: Sanjay Parekh (Since Sep 2017 till April 8, 2018), Vinay Sharma (w.e.f. Apr 9, 2018) As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 26/05/2003 to 31/05/2007 and TRI values since 31/05/2007.

Fundamentals

9.06

4.89

9.06

9.47

18.88

10.71

14.15

15.20 116,591

Reliance Power & Infra Fund

11,452

15,886

23,215

B: Nifty Infrastructure Index (TRI)

10,911

11,542

15,435

35,464

AB: S&P BSE Sensex (TRI)

11,900

13,572

19,387

72,357

Inception Date: May 8, 2004

Reliance Consumption Fund (RCF) NAV as on April 30, 2018: ` 66.3939 Particulars Reliance Consumption Fund B: Nifty India Consumption Index (TRI) AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance Consumption Fund B: Nifty India Consumption Index (TRI) AB: S&P BSE Sensex (TRI) Inception Date: Sep 30, 2004 Fund Manager: Sailesh Raj Bhan (Since Sep 2004)

1 Year -2.67 25.25 18.88

CAGR % 3 Years 10.70 16.95 10.71

5 Years Since Inception 12.55 14.95 17.61 NA 14.15 15.81

9,732 12,540 11,900

13,570 16,003 13,572

18,065 22,508 19,387

66,394 NA 73,471

As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 30/09/2004 to 31/05/2007 and TRI values since 31/05/2007.

Reliance Pharma Fund (RPF) NAV as on April 30, 2018: ` 143.8297 Particulars Reliance Pharma Fund

1 Year 9.71

CAGR % 3 Years 3.13

5 Years Since Inception 15.74 21.13

B: S&P BSE Healthcare (TRI)

-5.17

-3.84

10.87

14.84

AB: S&P BSE Sensex (TRI)

18.88

10.71

14.15

16.52

10,977

10,969

20,776

143,829

9,480

8,890

16,760

68,516

11,900

13,572

19,387

83,909

Value of `10000 Invested B: S&P BSE Healthcare (TRI) AB: S&P BSE Sensex (TRI) Inception Date: Jun 5, 2004 Fund Manager: Sailesh Raj Bhan (Since Jun 2004) As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Healthcare PRI values from 04/06/2004 to 31/12/2007 and TRI values since 31/12/2007. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 04/06/2004 to 31/05/2007 and TRI values since 31/05/2007.

Reliance Tax Saver (ELSS) Fund (RTSF) NAV as on April 30, 2018: ` 60.9827 Particulars Reliance Tax Saver (ELSS) Fund

NAV as on April 30, 2018: ` 269.1089 Particulars

5 Years Since Inception 18.34 19.20

Value of `10000 Invested

Reliance Pharma Fund

NAV as on April 30, 2018: ` 12.6645 Particulars

B: Nifty Infrastructure Index (TRI) AB: S&P BSE Sensex (TRI)

CAGR % 3 Years 16.67

As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 10/05/2004 to 31/05/2007 and TRI values since 31/05/2007.

CAGR % 3 Years 9.26 13.51 10.71

As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 500 PRI values from 28/03/2005 to 29/06/2007 and TRI values since 29/06/2007. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 28/03/2005 to 31/05/2007 and TRI values since 31/05/2007.

Particulars

Reliance Power & Infra Fund

1 Year 14.43

Fund Manager: Sanjay Doshi (Since Jan 2017)

NAV as on April 30, 2018: ` 94.5598 Particulars

Particulars

1 Year 8.56

CAGR % 3 Years 9.21

5 Years Since Inception 21.59 15.41

B: S&P BSE 100 (TRI)

16.75

11.80

15.07

13.51

AB: S&P BSE Sensex (TRI)

18.88

10.71

14.15

13.30

Value of `10000 Invested Reliance Tax Saver (ELSS) Fund

10,861

13,027

26,591

60,983

B: S&P BSE 100 (TRI)

11,685

13,980

20,182

49,428

AB: S&P BSE Sensex (TRI)

11,900

13,572

19,387

48,336

Inception Date: Sep 21, 2005 Fund Manager: Ashwani Kumar (Since Sep 2005) As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 100 PRI values from 21/09/2005 to 29/06/2007 and TRI values since 29/06/2007. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 21/09/2005 to 31/05/2007 and TRI values since 31/05/2007.

May 2018

57

SCHEME PERFORMANCE As on April 30, 2018 Reliance Arbitrage Fund (RAF)

Reliance US Equity Opportunities Fund (RUSEOF)

NAV as on April 30, 2018: ` 17.8778 Particulars

NAV as on April 30, 2018: ` 12.8947 1 Year 6.20 6.85 18.88

Reliance Arbitrage Fund B: Crisil Liquid Fund Index AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance Arbitrage Fund 10,624 B: Crisil Liquid Fund Index 10,689 AB: S&P BSE Sensex (TRI) 11,900 Inception Date: Oct 14, 2010 Fund Manager: Payal Wadhwa Kaipunjal (Since Jan 2017)

CAGR % 3 Years 6.37 7.29 10.71

5 Years Since Inception 7.34 8.00 8.05 8.11 14.15 8.96

12,038 12,354 13,572

14,253 14,731 19,387

17,878 18,014 19,111

Reliance Japan Equity Fund (RJEF)

1 Year 18.64 13.19 18.88

CAGR % 3 Years NA NA NA

5 Years Since Inception Reliance US Equity Opportunities Fund NA 9.60 B: S&P 500 (TRI) NA 10.96 AB: S&P BSE Sensex (TRI) NA 9.32 Value of `10000 Invested Reliance US Equity Opportunities Fund 11,875 NA NA 12,895 B: S&P 500 (TRI) 11,327 NA NA 13,344 AB: S&P BSE Sensex (TRI) 11,900 NA NA 12,804 Inception Date: Jul 23, 2015 Fund Manager: Jahnvee Shah (Since Jul 2015) & Anju Chhajer (Jul 2015) As the Scheme has completed more than 1 year but less than 3 years, the performance details of only since inception and 1 year are provided herein.

Reliance Retirement Fund - Wealth Creation Scheme (RRF-WC)

NAV as on April 30, 2018: ` 12.8016 Particulars

Particulars

1 Year 21.08 18.37 18.41

CAGR % 3 Years 4.59 5.93 10.54

NAV as on April 30, 2018: ` 13.7327 5 Years Since Inception NA 6.96 NA 11.62 NA 9.25

Reliance Japan Equity Fund B: TOPIX (TRI) AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance Japan Equity Fund 12,102 11,438 NA 12,802 B: TOPIX (TRI) 11,848 11,889 NA 14,986 AB: S&P BSE Sensex (TRI) 11,835 13,498 NA 13,840 Inception Date: Aug 26, 2014 Fund Manager: Jahnvee Shah (Since Aug 2014) & Anju Chhajer (Aug 2014) As the Scheme has completed more than 3 year but less than 5 years, the performance details of since inception, 1 year and 3 years are provided herein

Particulars

1 Year 17.03 16.75 18.88

CAGR % 3 Years 11.71 11.80 10.71

5 Years Since Inception Reliance Retirement Fund - Wealth Creation Scheme NA 10.36 B: S&P BSE 100 (TRI) NA 9.40 AB: S&P BSE Sensex (TRI) NA 8.15 Value of `10000 Invested Reliance Retirement Fund - Wealth Creation Scheme 11,713 13,943 NA 13,733 B: S&P BSE 100 (TRI) 11,685 13,980 NA 13,352 AB: S&P BSE Sensex (TRI) 11,900 13,572 NA 12,867 Inception Date: Feb 11, 2015 Fund Manager: Sanjay Parekh (Since Feb2015) & Anju Chhajer (Since Feb 2015) As the scheme has completed more than 3 years but less than 5 years, the performance details of since inception, 1 year & 3 years are provided herein.

Reliance Liquidity Fund (RLQF) NAV as on April 30, 2018: ` 2619.986 Particulars Reliance Liquidity Fund B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Liquidity Fund B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Inception Date: Jun 16, 2005 Fund Manager: Amit Tripathi (SinceJun 2005) & Vivek Sharma (Since Oct 2013)

Simple Annualised % 7 Days 15 Days 6.54 6.61 6.75 6.17 4.53 4.22 10,010 10,011 10,007

10,025 10,023 10,016

30 Days 6.78 6.41 4.98

1 Year 6.72 6.85 6.13

10,052 10,049 10,039

10,675 10,689 10,616

30 Days 6.82 6.41 4.98

1 Year 6.81 6.85 6.13

10,053 10,049 10,039

10,685 10,689 10,616

30 Days 5.68 6.41 4.98

1 Year 5.94 6.85 6.13

10,044 10,049 10,039

10,598 10,689 10,616

CAGR % 3 Years 7.30 7.29 6.91 12,357 12,354 12,222

5 Years 8.04 8.05 6.97

Since Inception 7.77 7.30 6.18

14,723 14,731 14,008

26,200 24,778 21,637

5 Years 8.08 8.05 6.97

Since Inception 7.39 6.97 5.95

14,752 14,731 14,008

27,926 26,378 22,980

5 Years 7.30 8.05 6.97

Since Inception 6.26 NA 6.00

14,223 14,731 14,008

27,075 NA 26,005

Reliance Liquid Fund - Treasury Plan (RLF-TP) NAV as on April 30, 2018: ` 4245.9243 Particulars Reliance Liquid Fund - Treasury Plan B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Liquid Fund - Treasury Plan B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Inception Date: Dec 9, 2003 Fund Manager: Anju Chhajer (Since Oct 2013)

Simple Annualised % 7 Days 15 Days 6.71 6.61 6.75 6.17 4.53 4.22 10,011 10,011 10,007

10,025 10,023 10,016

CAGR % 3 Years 7.37 7.29 6.91 12,379 12,354 12,222

Reliance Liquid Fund - Cash Plan (RLF-CP) NAV as on April 30, 2018: ` 2707.5338 Particulars Reliance Liquid Fund - Cash Plan B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Liquid Fund - Cash Plan B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Inception Date: Dec 7, 2001 Fund Manager: Anju Chhajer (Since Oct 2013), Vivek Sharma (Since Oct 2013)

58

May 2018

Simple Annualised % 7 Days 15 Days 5.25 5.28 6.75 6.17 4.53 4.22 10,008 10,011 10,007

10,020 10,023 10,016

CAGR % 3 Years 6.52 7.29 6.91 12,090 12,354 12,222

Fundamentals

SCHEME PERFORMANCE As on April 30, 2018 Reliance Money Manager Fund (RMMF)

Reliance Regular Savings Fund - Debt Option (RRSF-D)

NAV as on April 27, 2018: ` 2399.0397 Particulars

NAV as on April 27, 2018: ` 24.1952 1 Year 6.48 6.85 6.13

CAGR % 3 Years 7.63 7.29 6.91

Reliance Money Manager Fund B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Money Manager Fund 10,646 12,461 B: Crisil Liquid Fund Index 10,683 12,347 AB: Crisil 1 Yr T-Bill Index 10,611 12,216 Inception Date: Mar 20, 2007 Fund Manager: Amit Tripathi (Since Mar 2007) & Anju Chhajer (Since Oct 2009)

5 Years Since Inception 8.22 8.19 8.05 7.56 6.97 6.43 14,836 14,722 14,001

23,990 22,486 19,985

Reliance Medium Term Fund (RMTF) 1 Year 6.39 5.53 6.13

5 Years Since Inception 8.20 7.61 8.28 NA 6.97 6.38 14,822 14,876 14,001

36,458 NA 29,756

Reliance Banking & PSU Debt Fund (RBPSUDF) NAV as on April 27, 2018: ` 12.4742

1 Year 5.55 5.53 6.13

CAGR % 3 Years NA NA NA

5 Years Since Inception NA 7.77 NA 7.65 NA 6.90

Reliance Banking & PSU Debt Fund B: Crisil Short Term Bond Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Banking & PSU Debt Fund 10,553 NA NA 12,474 B: Crisil Short Term Bond Fund Index 10,552 NA NA 12,431 AB: Crisil 1 Yr T-Bill Index 10,611 NA NA 12,179 Inception Date: May 15, 2015 Fund Manager: Anju Chhajer (Since May 2015), Vivek Sharma (Since May 2015) As the Scheme has completed more than 1 year but less than 3 years, the performance details of only since inception and 1 year are provided herein.

Reliance Floating Rate Fund - Short Term Plan (RFRF-STP) 1 Year 5.55 6.85 6.13

CAGR % 3 Years 7.19 7.29 6.91

Reliance Floating Rate Fund - Short Term Plan B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Floating Rate Fund - Short Term Plan 10,553 12,311 B: Crisil Liquid Fund Index 10,683 12,347 AB: Crisil 1 Yr T-Bill Index 10,611 12,216 Inception Date: Aug 27, 2004 Fund Manager: Amit Tripathi (Since Oct 2007) & Vivek Sharma (Since Oct 2013)

5 Years Since Inception 7.84 7.62 8.05 7.13 6.97 6.08 14,579 14,722 14,001

27,288 25,647 22,418

Fundamentals

12,614 12,441 11,819

15,054 14,596 13,121

1 Year 5.47 3.70 -1.01

CAGR % 3 Years 8.27 7.57 5.74

1 Year 2.42 3.70 -1.01

CAGR % 3 Years 6.20 7.57 5.74

5 Years Since Inception 6.56 8.68 7.87 NA 5.59 NA

10,242 10,369 9,899

11,973 12,441 11,819

13,737 14,596 13,121

1 Year 2.72 3.70 -1.01

CAGR % 3 Years 6.62 7.57 5.74

5 Years Since Inception 7.38 6.37 7.87 7.05 5.59 6.22

10,272 10,369 9,899

12,116 12,441 11,819

14,273 14,596 13,121

1 Year 3.42 3.25 -1.01

CAGR % 3 Years 7.95 7.59 5.74

5 Years Since Inception 8.44 8.79 8.12 9.80 5.59 6.96

10,342 10,324 9,899

12,576 12,451 11,819

14,991 14,771 13,121

24,120 23,912 21,152

Particulars

5 Years Since Inception Reliance Corporate Bond Fund NA 9.04 B: Crisil Composite Bond Fund Index NA 8.71 AB: Crisil 10 Yr Gilt Index NA 7.49 Value of `10000 Invested Reliance Corporate Bond Fund 10,545 12,686 NA 13,939 B: Crisil Composite Bond Fund Index 10,369 12,441 NA 13,781 AB: Crisil 10 Yr Gilt Index 9,899 11,819 NA 13,194 Inception Date: Jun 26, 2014 Fund Manager: Prashant Pimple (Since Jun 2014) As the Scheme has completed more than 3 year but less than 5 years, the performance details of only since inception 1 year & 3 years are provided herein.

Reliance Income Fund (RIF)

NAV as on April 27, 2018: ` 54.3619 Particulars Reliance Income Fund B: Crisil Composite Bond Fund Index AB: Crisil 10 Yr Gilt Index Value of `10000 Invested Reliance Income Fund B: Crisil Composite Bond Fund Index AB: Crisil 10 Yr Gilt Index Inception Date: Jan 01, 1998 Fund Manager: Prashant Pimple (Since Oct 2008)

54,362 NA NA

Particulars Reliance Dynamic Bond Fund B: Crisil Composite Bond Fund Index AB: Crisil 10 Yr Gilt Index Value of `10000 Invested Reliance Dynamic Bond Fund B: Crisil Composite Bond Fund Index AB: Crisil 10 Yr Gilt Index Inception Date: Nov 15, 2004 Fund Manager: Prashant Pimple (Since Oct 2008)

22,961 24,995 22,513

Reliance Gilt Securities Fund (RGSF)

NAV as on April 27, 2018: ` 32.5077

Reliance Short Term Fund B: Crisil Short Term Bond Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Short Term Fund B: Crisil Short Term Bond Fund Index AB: Crisil 1 Yr T-Bill Index Inception Date: Dec 18, 2002 Fund Manager: Prashant Pimple (Since Oct 2008)

10,585 10,369 9,899

NAV as on April 27, 2018: ` 22.9613

Reliance Short Term Fund (RSTF) Particulars

5 Years Since Inception 8.53 7.07 7.87 7.00 5.59 5.98

Reliance Dynamic Bond Fund (RDBF)

NAV as on April 27, 2018: ` 27.2880 Particulars

CAGR % 3 Years 8.06 7.57 5.74

NAV as on April 27, 2018: ` 13.9386 CAGR % 3 Years 7.82 7.62 6.91

Reliance Medium Term Fund B: Crisil Short Term Bond Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Medium Term Fund 10,638 12,529 B: Crisil Short Term Bond Fund Index 10,552 12,460 AB: Crisil 1 Yr T-Bill Index 10,611 12,216 Inception Date: Sep 14, 2000 Fund Manager: Amit Tripathi (Since Oct 2008) & Anju Chhajer (Since Oct 2009)

Particulars

Reliance Regular Savings Fund - Debt Option B: Crisil Composite Bond Fund Index AB: Crisil 10 Yr Gilt Index Value of `10000 Invested Reliance Regular Savings Fund - Debt Option B: Crisil Composite Bond Fund Index AB: Crisil 10 Yr Gilt Index Inception Date: Jun 08, 2005 Fund Manager: Prashant Pimple (Since Aug 2010)

1 Year 5.87 3.70 -1.01

Reliance Corporate Bond Fund (RCBF)

NAV as on April 27, 2018: ` 36.4582 Particulars

Particulars

NAV as on April 27, 2018: ` 22.6149

1 Year 5.14 5.53 6.13

CAGR % 3 Years 7.31 7.62 6.91

5 Years Since Inception 7.93 7.97 8.28 7.06 6.97 5.94

10,512 10,552 10,611

12,353 12,460 12,216

14,638 14,876 14,001

32,508 28,547 24,266

Particulars Reliance Gilt Securities Fund B: I-Sec Li-BEX AB: Crisil 10 Yr Gilt Index Value of `10000 Invested Reliance Gilt Securities Fund B: I-Sec Li-BEX AB: Crisil 10 Yr Gilt Index Inception Date: Aug 22, 2008 Fund Manager: Prashant Pimple (Since Oct 2008)

May 2018

22,615 24,754 19,190

59

SCHEME PERFORMANCE As on April 30, 2018 Reliance Monthly Income Plan (RMIP)

Reliance ETF Junior BeES (JUNIORBEES)

NAV as on April 27, 2018: ` 40.8048 Particulars

NAV as on April 30, 2018: ` 313.1245 CAGR % 3 Years 6.95 8.45 5.74

1 Year 4.99 5.63 -1.01

Reliance Monthly Income Plan B: CRISIL Hybrid 85+15 - Conservative Index AB: Crisil 10 Yr Gilt Index Value of `10000 Invested Reliance Monthly Income Plan 10,498 12,229 B: CRISIL Hybrid 85+15 - Conservative Index 10,561 12,749 AB: Crisil 10 Yr Gilt Index 9,899 11,819 Inception Date: Dec 29, 2003 Fund Manager: Amit Tripathi (Since Oct 2008) & Sanjay Parekh (Since Apr 2012)

5 Years Since Inception 9.55 10.31 9.21 8.00 5.59 5.14 15,773 15,526 13,121

40,805 30,144 20,513

Reliance Retirement Fund - Income Generation Scheme (RRF-IG) 1 Year 3.89 5.63 -1.01

CAGR % 3 Years 5 Years 6.34 NA 8.45 NA 5.74 NA

Since Inception 5.79 8.06 5.63

Reliance Retirement Fund - Income Generation Scheme B:CRISIL Hybrid 85+15 - Conservative Index AB: Crisil 10 Yr Gilt Index Value of `10000 Invested Reliance Retirement Fund - Income Generation Scheme 10,388 12,020 NA 11,980 B:CRISIL Hybrid 85+15 - Conservative Index 10,561 12,749 NA 12,825 AB: Crisil 10 Yr Gilt Index 9,899 11,819 NA 11,922 Inception Date: Feb 11, 2015 Fund Manager: Anju Chhajer (Since Feb 2015) & Sanjay Parekh (Since Feb2015) As the scheme has completed more than 3 years but less than 5 years, the performance details of since inception, 1 year & 3 years are provided herein.

Reliance ETF Nifty BeES (NIFTYBEES) NAV as on April 30, 2018: ` 1111.8316 Particulars

1 Year Reliance ETF Nifty BeES 16.84 B: Nifty 50 (TRI) 16.91 AB: Nifty 50 (TRI) 16.91 Value of `10000 Invested Reliance ETF Nifty BeES 11,694 B: Nifty 50 (TRI) 11,701 AB: Nifty 50 (TRI) 11,701 Inception Date: Dec 28, 2001 Fund Manager: Payal Wadhwa Kaipunjal (Since May 2014)

CAGR % 3 Years 10.62 10.89 10.89

5 Years Since Inception 13.80 16.58 14.03 17.05 14.03 17.05

13,540 13,640 13,640

19,091 19,286 19,286

122,819 131,123 131,123

Reliance ETF Sensex (RELSENSEX) CAGR % 3 Years 10.62 10.71 10.89

Particulars

1 Year 5 Years Since Inception Reliance ETF Sensex 18.77 NA 9.16 B: S&P BSE Sensex (TRI) 18.88 NA 9.26 AB: Nifty 50 (TRI) 16.91 NA 9.77 Value of `10000 Invested Reliance ETF Sensex 11,888 13,541 NA 13,707 B: S&P BSE Sensex (TRI) 11,900 13,572 NA 13,753 AB: Nifty 50 (TRI) 11,701 13,640 NA 13,990 Inception Date: Sep 24, 2014 Fund Manager: Payal Wadhwa Kaipunjal (Since Jan 2017) As the Scheme has completed more than 3 year but less than 5 years, the performance details of since inception,1 year and 3 years are provided herein

Reliance ETF NV20 (RELNV20) NAV as on April 30, 2018: ` 499.1308

1 Year 22.58 23.16 18.88

CAGR % 3 Years NA NA NA

5 Years Since Inception NA 10.80 NA 11.27 NA 10.86

Reliance ETF NV20 B: Nifty 50 Value 20 (TRI) AB: S&P BSE Sensex (TRI) Value of `10000 Invested Reliance ETF NV20 12,272 NA NA 13,421 B: Nifty 50 Value 20 (TRI) 12,330 NA NA 13,583 AB: S&P BSE Sensex (TRI) 11,900 NA NA 13,441 Inception Date: Jun 18, 2015 Fund Manager: Payal Wadhwa Kaipunjal (Since Jan 2017) As the Scheme has completed more than 1 year but less than 3 years, the performance details of only since inception and 1 year are provided herein.

60

May 2018

CAGR % 3 Years

5 Years Since Inception

Reliance ETF Junior BeES

17.15

17.61

21.06

22.82

B: Nifty Next 50 (TRI)

17.78

18.69

22.23

24.23

AB: Nifty 50 Index (TRI)

16.91

10.89

14.03

18.05

Value of `10000 Invested Reliance ETF Junior BeES

11,725

16,276

26,020

227,341

B: Nifty Next 50 (TRI)

11,789

16,729

27,300

270,479

AB: Nifty 50 Index (TRI)

11,701

13,640

19,286

124,586

CAGR % 3 Years

5 Years Since Inception

Fund Manager: Payal Wadhwa Kaipunjal (Since May 2008)

Reliance ETF Nifty 100 (RELCNX100) NAV as on April 30, 2018: ` 113.8886 Particulars

1 Year

Reliance ETF Nifty 100

15.66

11.01

14.34

15.13

B: Nifty 100 (TRI)

16.91

12.09

15.31

16.17

AB: S&P BSE Sensex (TRI)

18.88

10.71

14.15

14.73

Value of `10000 Invested Reliance ETF Nifty 100

11,576

13,682

19546.00

20,541

B: Nifty 100 (TRI)

11,702

14,088

20392.00

21,510

AB: S&P BSE Sensex (TRI)

11,900

13,572

19387.00

20,182

Inception Date: Mar 22, 2013 Fund Manager: Payal Wadhwa Kaipunjal (Since Jan 2017)

Reliance ETF Consumption (RELCONS) NAV as on April 30, 2018: ` 53.2330 Particulars

1 Year 25.05

Reliance ETF Consumption

CAGR % 3 Years 17.00

5 Years Since Inception NA 18.45

B: Nifty India Consumption (TRI)

25.25

16.95

NA

18.51

AB: S&P BSE Sensex (TRI)

18.88

10.71

NA

13.13

Value of `10000 Invested

NAV as on April 30, 2018: Rs 367.4232

Particulars

1 Year

Inception Date: Feb 21, 2003

NAV as on April 27, 2018: ` 11.9797 Particulars

Particulars

Reliance ETF Consumption

12,521

16,022

NA

19,945

B: Nifty India Consumption (TRI)

12,540

16,003

NA

19,983

AB: S&P BSE Sensex (TRI)

11,900

13,572

NA

16,538

Inception Date: Apr 3, 2014 Fund Manager: Payal Wadhwa Kaipunjal (Since Jan 2017) As the Scheme has completed more than 3 year but less than 5 years, the performance details of since inception,1 year and 3 years are provided herein

Reliance ETF Dividend Opportunities (RELDIVOPP) NAV as on April 30, 2018: ` 30.0273 Particulars

1 Year

CAGR % 3 Years

5 Years Since Inception

Reliance ETF Dividend Opportunities

18.59

14.23

NA

14.79

B: Nifty Dividend Opportunities 50 (TRI)

18.83

14.22

NA

14.90

AB: S&P BSE Sensex (TRI)

18.88

10.71

NA

13.28

Reliance ETF Dividend Opportunities

11,870

14,910

NA

17,468

B: Nifty Dividend Opportunities 50 (TRI)

11,895

14,906

NA

17,537

AB: S&P BSE Sensex (TRI)

11,900

13,572

NA

16,555

Value of `10000 Invested

Inception Date: Apr 15, 2014 Fund Manager: Payal Wadhwa Kaipunjal (Since Jan 2017) As the Scheme has completed more than 3 year but less than 5 years, the performance details of since inception,1 year and 3 years are provided herein

Fundamentals

SCHEME PERFORMANCE As on April 30, 2018 Reliance ETF Infra BeES (INFRABEES)

CPSE ETF (CPSEETF)

NAV as on April 30, 2018: ` 356.6285 Particulars

NAV as on April 30, 2018: ` 27.8568 1 Year 7.83 9.06 16.91

Reliance ETF Infra BeES B: Nifty Infrastructure (TRI) AB: Nifty 50 (TRI) Value of `10000 Invested Reliance ETF Infra BeES 10,787 B: Nifty Infrastructure (TRI) 10,911 AB: Nifty 50 (TRI) 11,701 Inception Date: Sep 29, 2010 Fund Manager: Payal Wadhwa Kaipunjal (Since November 2016)

CAGR % 3 Years 3.87 4.89 10.89

5 Years Since Inception 8.00 -0.60 9.06 0.43 14.03 9.28

11,207 11,542 13,640

14,699 15,435 19,286

9,555 10,329 19,614

Particulars

1 Year Reliance ETF Bank BeES 14.62 B: Nifty Bank (TRI) 14.84 AB: Nifty 50 (TRI) 16.91 Value of `10000 Invested Reliance ETF Bank BeES 11,471 B: Nifty Bank (TRI) 11,493 AB: Nifty 50 (TRI) 11,701 Inception Date: May 27, 2004 Fund Manager: Payal Wadhwa Kaipunjal (Since May 2014)

CAGR % 3 Years 12.17 12.56 10.89

5 Years Since Inception 15.94 19.03 16.28 19.56 14.03 16.21

14,120 14,266 13,640

20,962 21,267 19,286

113,238 120,572 81,083

5 Years Since Inception NA 12.11

B: Nifty CPSE (TRI)

-7.67

5.43

NA

8.69

AB: Nifty 50 (TRI)

16.91

10.89

NA

13.62

Value of `10000 Invested CPSE ETF

9,227

11,715

NA

15,963

B: Nifty CPSE (TRI)

9,229

11,721

NA

14,063

AB: Nifty 50 (TRI)

11,701

13,640

NA

16,867

As the Scheme has completed more than 3 year but less than 5 years, the performance details of since inception,1 year and 3 years are provided herein

Reliance ETF Gold BeES (GOLDBEES) NAV as on April 30, 2018: ` 2787.9467 Particulars

1 Year 5.17

Reliance ETF Gold BeES B: Domestic Prices of Gold AB: N.A.

CAGR % 3 Years 3.40

5 Years Since Inception 1.52 10.18

6.35

4.29

2.44

11.25

NA

NA

NA

NA

Value of `10000 Invested

Reliance ETF PSU Bank BeES (PSUBNKBEES) NAV as on April 30, 2018: ` 318.0588 Particulars

1 Year Reliance ETF PSU Bank BeES -21.52 B: Nifty PSU Bank (TRI) -21.13 AB: Nifty 50 (TRI) 16.91 Value of `10000 Invested Reliance ETF PSU Bank BeES 7,838 B: Nifty PSU Bank (TRI) 7,877 AB: Nifty 50 (TRI) 11,701 Inception Date: Oct 25, 2007 Fund Manager: Payal Wadhwa Kaipunjal (Since May 2008)

CAGR % 3 Years -5.80 -5.41 10.89

5 Years Since Inception -1.58 1.96 -1.35 2.45 14.03 7.68

8,357 8,461 13,640

9,233 9,342 19,286

12,262 12,904 21,778

NAV as on April 30, 2018: ` 248.3732

1 Year 13.46 14.94 16.91

Reliance ETF Shariah BeES B: Nifty 50 Shariah (TRI) AB: Nifty 50 (TRI) Value of `10000 Invested Reliance ETF Shariah BeES 11,354 B: Nifty 50 Shariah (TRI) 11,503 AB: Nifty 50 (TRI) 11,701 Inception Date: Mar 18, 2009 Fund Manager: Payal Wadhwa Kaipunjal (Since Nov 2016)

CAGR % 3 Years 11.35 12.59 10.89

5 Years Since Inception 14.68 15.82 15.97 16.92 14.03 17.27

13,809 14,277 13,640

19,841 20,986 19,286

38,186 41,633 42,781

10,520

11,055

10,785

29,478

10,639

11,343

11,283

32,828

NA

NA

NA

NA

AB: N.A. Inception Date: Mar 8, 2007 Fund Manager: Payal Wadhwa Kaipunjal (Since Mar 2014)

Reliance Gold Savings Fund (RGOLDSF) NAV as on April 30, 2018: ` 13.1737 Particulars

CAGR % 3 Years 6.82 8.09 10.89

Reliance ETF Hang Seng BeES B: Hang Seng Index INR (TRI) AB: Nifty 50 (TRI) Value of `10000 Invested Reliance ETF Hang Seng BeES 13,166 12,191 B: Hang Seng Index INR (TRI) 13,321 12,631 AB: Nifty 50 (TRI) 11,701 13,640 Inception Date: Mar 09, 2010 Fund Manager: Jahnvee Shah (Since Apr 2017) & Siddharth Deb (Since Nov 2016)

5 Years Since Inception 13.33 12.14 14.68 13.31 14.03 10.90 18,702 19,847 19,286

25,431 27,676 23,234

CAGR % 3 Years 2.84 4.29 NA

5 Years Since Inception 0.87 3.93 2.44 5.40 NA NA

10,876 11,343 NA

10,442 11,283 NA

CAGR % 3 Years NA

5 Years Since Inception NA 4.90

13,174 14,563 NA

Reliance ETF Long Term Gilt (RRSLGETF) NAV as on April 27, 2018: ` 16.8024

Reliance ETF Long Term Gilt

NAV as on April 30, 2018: ` 3150.5931

1 Year 4.39 6.35 NA

Reliance Gold Savings Fund 10,441 B: Domestic Prices of Gold 10,639 AB: N.A. NA Inception Date: Mar 7, 2011 Fund Manager: Payal Wadhwa Kaipunjal (Since Jan 2017)

Particulars

Reliance ETF Hang Seng BeES (HNGSNGBEES) 1 Year 31.46 33.21 16.91

Reliance ETF Gold BeES B: Domestic Prices of Gold

Reliance Gold Savings Fund B: Domestic Prices of Gold AB: N.A. Value of `10000 Invested

Reliance ETF Shariah BeES (SHARIABEES)

Fundamentals

CPSE ETF

CAGR % 3 Years 5.41

Fund Manager: Payal Wadhwa Kaipunjal (Since Mar 2014)

NAV as on April 30, 2018: ` 2590.1435

Particulars

1 Year -7.69

Inception Date: Mar 28, 2014

Reliance ETF Bank BeES (BANKBEES)

Particulars

Particulars

1 Year 0.92

B: Nifty 8-13 yr G-Sec Index

0.72

NA

NA

4.87

AB: Crisil 10 Yr Gilt Index

-1.01

NA

NA

3.69

Value of `10000 Invested Reliance ETF Long Term Gilt

10,091

NA

NA

10,905

B: Nifty 8-13 yr G-Sec Index

10,072

NA

NA

10,899

9,899

NA

NA

10,677

AB: Crisil 10 Yr Gilt Index Inception Date: Jul 05, 2016 Fund Manager: Prashant Pimple (Since Jul 2016)

As the Scheme has completed more than 1 year but less than 3 years, the performance details of only since inception and 1 year are provided herein.

May 2018

61

SCHEME PERFORMANCE As on April 30, 2018 Reliance ETF Liquid BeES (LIQUIDBEES) NAV as on April 30, 2018: ` 1000.0000

Simple Annualised % 7 Days 15 Days 6.23 5.71 5.84 5.93 4.53 4.22

Particulars Reliance ETF Liquid BeES B: Nifty 1D Rate Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance ETF Liquid BeES B: Nifty 1D Rate Index AB: Crisil 1 Yr T-Bill Index Inception Date: Jul 08, 2003 Fund Manager: Siddharth Deb (Since Nov 2012)

10,010 10,009 10,007

Reliance Interval Fund - Monthly Interval Fund - Series I (RIF-MIF-S1)

Reliance Interval Fund - Monthly Interval Fund - Series I B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Interval Fund - Monthly Interval Fund - Series I B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Inception Date: Mar 15, 2007 Fund Manager: Amit Tripathi (Since Mar 2007)

1 Year 6.61 6.85 6.13 10,659 10,683 10,611

12,260 12,347 12,216

14,589 14,722 14,001

Since Inception 7.81 7.57 6.43 23,097 22,513 20,005

1 Year 6.56 6.85 6.13 10,654 10,683 10,611

12,204 12,347 12,216

14,552 14,722 14,001

Since Inception 7.83 7.56 6.45 23,057 22,432 20,005

10,533 10,596 10,613

11,716 12,059 12,222

13,278 14,166 14,008

19,213 NA 23,535

Particulars Reliance Interval Fund - Quarterly Interval Fund - Series III B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Interval Fund - Quarterly Interval Fund - Series III B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Inception Date: Jun 06, 2007 Fund Manager: Amit Tripathi (Since Jun 2007)

1 Year 6.73 6.85 6.13

CAGR % 3 Years 5 Years 7.28 8.04 7.29 8.05 6.91 6.97

10,671 10,683 10,611

12,342 12,347 12,216

Since Inception 8.18 7.48 6.41

14,716 14,722 14,001

23,561 21,953 19,687

1 Year 6.60 5.53 -1.01

CAGR % 3 Years 5 Years 7.49 7.91 7.62 8.28 5.74 5.59

Reliance Interval Fund - Annual Interval Fund - Series I B: Crisil Short Term Bond Fund Index AB: Crisil 10 Yr Gilt Index Value of `10000 Invested Reliance Interval Fund - Annual Interval Fund - Series I B: Crisil Short Term Bond Fund Index AB: Crisil 10 Yr Gilt Index Inception Date: May 26, 2011 Fund Manager: Amit Tripathi (Since May 2011)

Since Inception 8.50 8.53 6.67

10,658 10,552 9,899

12,415 12,460 11,819

14,625 14,876 13,121

17,595 17,628 15,637

1 Year 6.70 5.53 6.13

CAGR % 3 Years 5 Years 7.55 8.10 7.62 8.28 6.91 6.97

Since Inception 8.18 8.36 7.04

10,668 10,552 10,611

12,434 12,460 12,216

14,757 14,876 14,001

15,120 15,257 14,305

1 Year 7.60

CAGR % 3 Years 5 Years NA NA

Since Inception 8.48

Reliance Yearly Interval Fund - Series 1 (RYIF-S1) NAV as on April 27, 2018: ` 15.1199

1 Year 6.58 6.85 6.13

CAGR % 3 Years 5 Years 7.05 7.82 7.29 8.05 6.91 6.97

10,657 10,683 10,611

12,262 12,347 12,216

14,563 14,722 14,001

Particulars Since Inception 8.04 7.54 6.44 23,558 22,362 19,966

Reliance Yearly Interval Fund - Series 1 B: Crisil Short Term Bond Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Yearly Interval Fund - Series 1 B: Crisil Short Term Bond Fund Index AB: Crisil 1 Yr T-Bill Index Inception Date: Jan 23, 2013 Fund Manager: Amit Tripathi (Since Jan 2013)

Reliance Interval Fund IV - Series 2 (RIF-IV-S2) NAV as on April 27, 2018: ` 12.5524

Reliance Interval Fund - Quarterly Interval Fund - Series II (RIF-QIF-S2) NAV as on April 27, 2018: ` 24.0003 Particulars

10,044 10,045 10,039

Particulars CAGR % 3 Years 5 Years 6.88 7.80 7.29 8.05 6.91 6.97

NAV as on April 27, 2018: ` 23.5578

Reliance Interval Fund - Quarterly Interval Fund - Series I B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Interval Fund - Quarterly Interval Fund - Series I B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Inception Date: Apr 03, 2007 Fund Manager: Amit Tripathi (Since Apr 2007)

Since Inception 4.50 NA 5.94

NAV as on April 27, 2018: ` 17.5953

Reliance Interval Fund - Quarterly Interval Fund - Series I (RIF-QIF-S1) Particulars

5 Years 5.83 7.21 6.97

Reliance Interval Fund - Annual Interval Fund - Series I (RIF-AIF-S1)

NAV as on April 27, 2018: ` 23.0566

Reliance Interval Fund - Monthly Interval Fund - Series II B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Value of `10000 Invested Reliance Interval Fund - Monthly Interval Fund - Series II B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index Inception Date: Mar 29, 2007 Fund Manager: Amit Tripathi (Since Mar 2007)

CAGR % 3 Years 5.42 6.43 6.91

NAV as on April 27, 2018: ` 23.5613 CAGR % 3 Years 5 Years 7.04 7.86 7.29 8.05 6.91 6.97

Reliance Interval Fund - Monthly Interval Fund - Series II (RIF-MIF-S2) Particulars

1 Year 5.30 5.96 6.13

Reliance Interval Fund - Quarterly Interval Fund - Series III (RIF-QIF-S3)

NAV as on April 27, 2018: ` 23.0970 Particulars

10,022 10,022 10,016

30 Days 5.54 5.84 4.98

Particulars 1 Year 7.86

CAGR % 3 Years 5 Years 7.64 8.41

Since Inception 8.30

Reliance Interval Fund IV - Series 2 B: Crisil Composite Bond Fund Index

3.70

NA

NA

7.84

B: Crisil Liquid Fund Index

6.85

7.29

8.05

7.51

AB: Crisil 10 Yr Gilt Index

-1.01

NA

NA

6.03

AB: Crisil 1 Yr T-Bill Index

6.13

6.91

6.97

6.42

Value of `10000 Invested Reliance Interval Fund IV - Series 2

10,758

NA

NA

12,552

10,784

12,467

14,970

24,000

B: Crisil Composite Bond Fund Index

10,369

NA

NA

12,345

22,147

AB: Crisil 10 Yr Gilt Index

9,899

NA

NA

11,775

19,801

Inception Date: Jul 13, 2015

Reliance Interval Fund - Quarterly Interval Fund - Series II

Value of `10000 Invested Reliance Interval Fund - Quarterly Interval Fund - Series II B: Crisil Liquid Fund Index AB: Crisil 1 Yr T-Bill Index

10,683 10,611

12,347 12,216

14,722 14,001

Inception Date: May 07, 2007

Fund Manager: Amit Tripathi (Since July 2015)

Fund Manager: Amit Tripathi (Since May 2007)

As the Scheme has completed more than 1 year but less than 3 years, the performance details of only since inception and 1 year are provided herein.

62

May 2018

Fundamentals

SCHEME PERFORMANCE As on April 30, 2018 Reliance Interval Fund IV - Series 3 (RIF-IV-S3) NAV as on April 27, 2018: ` 12.2718 Particulars

1 Year 7.06 3.70 -1.01

CAGR % 3 Years 5 Years NA NA NA NA NA NA

Since Inception Reliance Interval Fund IV - Series 3 7.68 B: Crisil Composite Bond Fund Index 7.77 AB: Crisil 10 Yr Gilt Index 5.91 Value of `10000 Invested Reliance Interval Fund IV - Series 3 10,704 NA NA 12,272 B: Crisil Composite Bond Fund Index 10,369 NA NA 12,301 AB: Crisil 10 Yr Gilt Index 9,899 NA NA 11,722 Inception Date: Jul 22, 2015 Fund Manager: Amit Tripathi (Since July 2015) As the Scheme has completed more than 1 year but less than 3 years, the performance details of only since inception and 1 year are provided herein. Performance as on April 30, 2018 B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. The performance of the equity scheme is benchmarked to the Total Return variant of the Index. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan), except for Reliance ETF Liquid BeES, where the performance provided are of Daily Dividend Reinvestment Plan. For Exchange Traded Funds of Reliance Mutual Fund, performance is provided at Scheme level using Dividend Reinvestment NAV's, since there are no separate plan/option under such Schemes. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Performance of the schemes (wherever provided) are calculated basis CAGR for the past 1 year, 3 years, 5 years and since inception. Further (wherever applicable), Returns for 7 days, 15 days and 30 days are computed on a simple annualized basis. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Reliance Money Manager Fund is `1000/- per unit. Face Value of Reliance Liquidity Fund, Reliance Liquid Fund - Treasury Plan & Reliance Liquid Fund - Cash Plan is `1000/- per unit w.e.f 5th Aug 2012. Face value of Reliance ETF Junior BeES is `1.25 per unit. Face value of Reliance ETF Liquid BeES is `1000. Face value of Reliane ETF Gold BeES is `100 per unit. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended schemes are not provided since these are not comparable with other schemes.

Product Label (Reliance Interval Fund - A Debt Oriented Interval Scheme) This product is suitable for investors who are seeking*: • Regular returns & growth of capital over the term of the fund, with the flexibility to enter / exit at fixed intervals • Investment in fixed income securities, money market and G-sec instruments *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Fundamentals

Investors understand that their principal will be at Moderately Low risk

May 2018

63

Scheme Performance - Fund Manager wise As on April 30, 2018 Fund Manager: Manish Gunwani Scheme Name/s Reliance Growth Fund

1 Year Return Scheme 15.64

Benchmark 15.91

CAGR % 3 Years Return Scheme Benchmark 14.19 19.18

5 Years Return Scheme Benchmark 20.72 23.46

Note: a. Mr. Manish Gunwani manages 1 open-ended schemes of Reliance Mutual Fund. b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement. d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Fund Manager: Sailesh Raj Bhan Scheme Name/s Reliance Pharma Fund Reliance Consumption Fund Reliance Multi Cap Fund Reliance Large Cap Fund

1 Year Return Scheme 9.71 -2.67 14.45 15.37

Benchmark -5.17 25.25 17.22 16.75

CAGR % 3 Years Return Scheme Benchmark 3.13 -3.84 10.70 16.95 9.26 13.51 11.70 11.80

5 Years Return Scheme Benchmark 15.74 10.87 12.55 17.61 17.45 16.90 18.41 15.07

Note: a. Mr. Sailesh Raj Bhan manages 4 open-ended schemes of Reliance Mutual Fund . b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Fund Manager: Ashwani Kumar Scheme Name/s Reliance Vision Fund Reliance Tax Saver (ELSS) Fund Reliance Large Cap Fund

1 Year Return Scheme 11.11 8.56 15.37

Benchmark 17.49 16.75 16.75

CAGR % 3 Years Return Scheme Benchmark 8.30 13.22 9.21 11.80 11.70 11.80

5 Years Return Scheme Benchmark 16.45 16.62 21.59 15.07 18.41 15.07

Note: a. Mr. Ashwani Kumar manages 3 open-ended schemes of Reliance Mutual Fund . b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Fund Manager: Sanjay Parekh Scheme Name/s Reliance Monthly Income Plan Reliance Equity Hybrid Fund Reliance Retirement Fund - Wealth Creation Scheme Reliance Retirement Fund - Income Generation Scheme Reliance Equity Savings Fund

1 Year Return Scheme 4.99 13.33 17.03 3.89 8.78

Benchmark 5.63 12.39 16.75 5.63 9.48

CAGR % 3 Years Return Scheme Benchmark 6.95 8.45 12.24 11.20 11.71 11.80 6.34 8.45 N.A. N.A.

5 Years Return Scheme Benchmark 9.55 9.21 17.38 13.50 N.A. N.A. N.A. N.A. N.A. N.A.

Note: a. Mr. Sanjay Parekh manages 5 open-ended schemes of Reliance Mutual Fund . b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Fund Manager: Samir Rachh Scheme Name/s Reliance Small Cap Fund Reliance Value Fund

1 Year Return Scheme 25.84 15.91

Benchmark 20.41 -5.26

CAGR % 3 Years Return Scheme Benchmark 25.81 19.89 14.22 10.41

5 Years Return Scheme Benchmark 37.37 26.36 19.60 12.44

Note: a. Mr. Samir Rachh manages 2 open-ended schemes of Reliance Mutual Fund . b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Co-Fund Manager: Dhrumil Shah Scheme Name/s Reliance Small Cap Fund

1 Year Return Scheme 25.84

Benchmark 20.41

CAGR % 3 Years Return Scheme Benchmark 25.81 19.89

5 Years Return Scheme Benchmark 37.37 26.36

Note: a. Mr. Dhrumil Shah manages 1 open-ended scheme of Reliance Mutual Fund. b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein is of Growth Plan (Regular Plan).

64

May 2018

Fundamentals

Scheme Performance - Fund Manager wise As on April 30, 2018 Fund Manager: Payal Wadhwa Kaipunjal Scheme Name/s Top 3 Reliance ETF Consumption* Reliance ETF Sensex* Reliance ETF NV20* Bottom 3 Reliance ETF PSU Bank BeES* CPSE ETF* Reliance Gold Savings Fund#

1 Year Return Scheme

Benchmark

CAGR % 3 Years Return Scheme Benchmark

5 Years Return Scheme Benchmark

25.05 18.77 22.58

25.25 18.88 23.16

17.00 10.62 N.A.

16.95 10.71 N.A.

N.A. N.A. N.A.

N.A. N.A. N.A.

-21.52 -7.69 4.39

-21.13 -7.67 6.89

-5.80 5.41 2.84

-5.41 5.43 5.40

-1.58 N.A. 0.87

-1.35 N.A. 0.66

Note: a. Ms. Payal Wadhwa Kaipunjal manages 17 open-ended schemes of Reliance Mutual Fund . b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 Year CAGR returns c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. #The performance details provided herein are of Growth Plan (Regular Plan). *The Scheme does not offer any Plans/Options. The performance details are provided at Scheme level using Dividend Reinvestment NAV's.

Fund manager: Ashutosh Bhargava Scheme Name/s Reliance Quant Fund

1 Year Return Scheme 14.63

Benchmark 17.04

CAGR % 3 Years Return Scheme Benchmark 9.33 12.83

5 Years Return Scheme Benchmark 12.83 16.24

Note: a. Mr. Ashutosh Bhargava manages 1 open-ended scheme of Reliance Mutual Fund . b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein is of Growth Plan (Regular Plan).

Fund Manager: Sanjay Doshi Scheme Name/s Reliance Power & Infra Fund

1 Year Return Scheme 14.43

Benchmark 9.06

CAGR % 3 Years Return Scheme Benchmark 16.67 4.89

5 Years Return Scheme Benchmark 18.34 9.06

Note: a. Mr. Sanjay Doshi manages 1 open-ended scheme of Reliance Mutual Fund . b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein is of Growth Plan (Regular Plan).

Fund Manager: Jahnvee Shah Scheme Name/s Reliance Japan Equity Fund# Reliance US Equity Opportunitues Fund# Reliance ETF Hang Seng BeES*

1 Year Return Scheme 21.08 18.64 31.46

Benchmark 18.37 13.19

CAGR % 3 Years Return Scheme Benchmark 4.59 5.93 N.A. N.A. 6.82

5 Years Return Scheme Benchmark N.A. N.A. N.A. N.A. 13.33

Note: a. Ms. Jahnvee Shah manages 3 open-ended schemes of Reliance Mutual Fund. b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. #The performance details provided herein are of Growth Plan (Regular Plan) *The Scheme does not offer any Plans/Options. The performance details are provided at Scheme level using Dividend Reinvestment NAV's.

Fund Manager: Amit Tripathi Scheme Name/s Reliance Liquidity Fund Reliance Money Manager Fund Reliance Floating Rate Fund - Short Term Plan Reliance Monthly Income Plan Reliance Medium Term Fund Reliance Equity Hybrid Fund

1 Year Return Scheme 6.72 6.48 5.55 4.99 6.39 13.33

Benchmark 6.85 6.85 6.85 5.63 5.53 12.39

CAGR % 3 Years Return Scheme Benchmark 7.30 7.29 7.63 7.29 7.19 7.29 6.95 8.45 7.82 7.62 12.24 11.20

5 Years Return Scheme Benchmark 8.04 8.05 8.22 8.05 7.84 8.05 9.55 9.21 8.20 8.28 17.38 13.50

Note: a. Mr. Amit Tripathi manages 6 open-ended schemes of Reliance Mutual Fund. b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Fund Manager: Vinay Sharma Scheme Name/s Reliance Banking Fund

1 Year Return Scheme 13.28

Benchmark 14.84

CAGR % 3 Years Return Scheme Benchmark 15.14 12.56

5 Years Return Scheme Benchmark 18.90 16.28

Note: a. Mr. Vinay Sharma manages 1 open-ended scheme of Reliance Mutual Fund . b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein is of Growth Plan (Regular Plan).

Fundamentals

May 2018

65

Scheme Performance - Fund Manager wise As on April 30, 2018 Fund Manager: Prashant Pimple Scheme Name/s Top 3 Reliance Short Term Fund Reliance Regular Savings Fund - Debt Option Reliance Corporate Bond Fund Bottom 3 Reliance Dynamic Bond Fund Reliance Income Fund Reliance ETF Long Term Gilt*

1 Year Return Scheme

Benchmark

CAGR % 3 Years Return Scheme Benchmark

5 Years Return Scheme Benchmark

5.14 5.87 5.47

5.53 3.70 3.70

7.31 8.06 8.27

7.62 7.57 7.57

7.93 8.53 N.A.

8.28 7.87 N.A.

2.72 2.42 0.92

3.70 3.70 0.72

6.62 6.20 N.A.

7.57 7.57 N.A.

7.38 6.56 N.A.

7.87 7.87 N.A.

Note: a. Mr. Prashant Pimple manages 7 open-ended schemes of Reliance Mutual Fund. b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 year CAGR returns. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan). *The Scheme does not offer any Plans/Options. The performance details are provided at Scheme level using Dividend Reinvestment NAV's.

Fund Manager: Anju Chhajer Scheme Name/s Top 3 Reliance Japan Equity Fund Reliance Retirement Fund - Wealth Creation Scheme Reliance US Equity Opportunities Fund Bottom 3 Reliance Liquid Fund - Cash Plan Reliance Retirement Fund - Income Generation Scheme Reliance Banking & PSU Debt Fund

1 Year Return Scheme

Benchmark

CAGR % 3 Years Return Scheme Benchmark

5 Years Return Scheme Benchmark

21.08 17.03 18.64

18.37 16.75 13.19

4.59 11.71 N.A.

5.93 11.80 N.A.

N.A. N.A. N.A.

N.A. N.A. N.A.

5.94 3.89 5.55

6.85 5.63 5.53

6.52 6.34 N.A.

7.29 8.45 N.A.

7.30 N.A. N.A.

8.05 N.A. N.A.

Note: a. Ms. Anju Chhajer manages 10 open-ended schemes of Reliance Mutual Fund. b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 Year CAGR returns. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Fund Manager: Vivek Sharma Scheme Name/s Reliance Liquidity Fund Reliance Floating Rate Fund - Short Term Plan Reliance Liquid Fund - Cash Plan Reliance Banking & PSU Debt Fund

1 Year Return Scheme 6.72 5.55 5.94 5.55

Benchmark 6.85 6.85 6.85 5.53

CAGR % 3 Years Return Scheme Benchmark 7.30 7.29 7.19 7.29 6.52 7.29 N.A. N.A.

5 Years Return Scheme Benchmark 8.04 8.05 7.84 8.05 7.30 8.05 N.A. N.A.

Note: a. Mr. Vivek Sharma manages 4 open-ended schemes of Reliance Mutual Fund. b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Fund Manager: Siddharth Deb Scheme Name/s Reliance ETF Liquid [email protected]* Reliance ETF Hang Seng BeES*

1 Year Return Scheme 5.30 31.46

Benchmark 5.96

CAGR % 3 Years Return Scheme Benchmark 5.42 6.43 6.82

5 Years Return Scheme Benchmark 5.83 7.21 13.33

Note: a. Mr. Siddharth Deb manages 2 open-ended schemes of Reliance Mutual Fund. b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. @The performance details provided herein are of Daily Dividend Re-investment Plan. *The Scheme does not offer any Plans/Options. The performance details are provided at Scheme level using Dividend Reinvestment NAV's.

Fund Manager: Meenakshi Dawar Scheme Name/s Reliance Focused Equity Fund Reliance Balanced Advantage Fund

CAGR % 1 Year Return 3 Years Return 5 Years Return Scheme Benchmark Scheme Benchmark Scheme Benchmark As per SEBI circular SEBI/HO/IMD/DF3/CIR/P/2018/69 dated Apr 12, 2018; scheme performance has not been provided. 8.70 12.39 9.23 11.20 14.57 13.50

Note: a. Ms. Meenakshi Dawar manages 2 open-ended scheme of Reliance Mutual Fund. b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein. c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement d. Different plans shall have a different expense structure. The performance details provided herein are of Growth plan (Regular Plan). Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other Investment. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. The performance of the equity scheme is benchmarked to the Total Return variant of the Index. Face value of scheme is `10/- per unit. Face Value of Reliance Money Manager Fund is `1000/- per unit. Face Value of Reliance Liquidity Fund, Reliance Liquid Fund - Treasury Plan & Reliance Liquid Fund - Cash Plan is `1000/- per unit w.e.f 5th Aug 2012. Face value of Reliance ETF Junior BeES is `1.25/- per unit. Face value of Reliance ETF Liquid BeES is `1000/- per unit. Face value of Reliance ETF Gold BeES is `100/- per unit. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended schemes are not provided since these are not comparable with other schemes.

66

May 2018

Fundamentals

FUNDS AT A GLANCE Scheme Name

Reliance Vision Fund

Type of Scheme

An open ended equity scheme An open ended equity scheme investing in both large cap predominantly investing in large and mid cap stocks cap stocks

An open ended equity scheme investing in quant model theme

An Open Ended Dynamic Asset Allocation Fund

Allotment Date

October 8, 1995

August 8, 2007

April 18, 2008

November 15, 2004

Investment Objective

The primary investment objective of the Scheme is to achieve long term growth of capital by investing in equity and equity related securities through a research based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

The primary investment objective of the scheme is to seek to generate long term capital appreciation by investing predominantly into equity and equity related instruments of large cap companies. The secondary objective is to generate consistent returns by investing in debt, money market securities, REITs and InvITs. However, there can be no assurance that the investment objective of the Scheme will be realized.

The investment objective of the Scheme is to generate capital appreciation through investment in equity and equity related instruments. The Scheme will seek to generate capital appreciation by investing in an active portfolio of stocks selected on the basis of a Quant model. There is no assurance or guarantee that the investment objective of the scheme will be achieved

The investment objective of the scheme is to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund Manager

Ashwani Kumar#

Benchmark (w.e.f Apr 28, 2018) S&P BSE 250 LargeMidcap Entry Load

Exit Load

Reliance Large Cap Fund (formerly known as Reliance Top 200 Fund)

Reliance Quant Fund (formerly Reliance Balanced Advantage Fund (formerly known as known as Reliance Quant Plus Reliance NRI Equity Fund) Fund)

Sailesh Raj Bhan, Ashwani Kumar Ashutosh Bhargava# (till May 6, 2018)#

Meenakshi Dawar (till May 6, 2018) [Manish Gunwani, Ashutosh Bhargava (Co-Fund Manager) w.e.f. May 7, 2018]#

S&P BSE 100

CRISIL Hybrid 35+65 - Aggressive Index

S&P BSE 200

Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. • 1% if redeemed or switched • 0.25% of the applicable NAV if out on or before completion redeemed or switched out on of 1 year from the date of or before completion of 1 allotment of units. Month from the date of • Nil thereafter. • 1% if redeemed or switched allotment of units out on or before completion of • Nil thereafter 1 year from the date of allotment of units • Nil thereafter

10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil thereafter.

Investment Plans/ Options

• Under both Direct and other than Direct plan • Growth Plan - Growth Option • Dividend Plan - Payout & Reinvestment Option

Minimum Application Amount

Purchase: `5000 & in multiples of `1 thereafter Additional Purchase: `1000 & in multiples of `1 thereafter

Scheme Name

Reliance Index Fund - Nifty Plan

Type of Scheme Allotment Date Investment Objective

Fund Manager

Benchmark Entry Load Exit Load Investment Plans/ Options

Minimum Application Amount

Reliance Index Fund - Sensex Plan

Reliance Growth Fund

Reliance Focused Equity Fund (formely known as Reliance Mid & Small Cap Fund) An open ended scheme replicating/ An open ended scheme replicating/ Mid Cap Fund - An open ended equity An open ended Multi Cap Equity Scheme tracking Nifty 50. tracking S&P BSE Sensex. scheme predominantly investing in mid investing in maximum 30 stocks cap stocks September 28, 2010 September 28, 2010 October 8, 1995 December 26, 2006 The primary investment objective of the The primary investment objective of the The primary investment objective of the The primary investment objective of the scheme is to replicate the composition of scheme is to replicate the composition of Scheme is to achieve long-term growth scheme is to generate long-term capital the Nifty 50, with a view to generate the Sensex, with a view to generate of capital by investment in equity and growth by predominantly investing in an returns that are commensurate with the returns that are commensurate with the equity related securities through a active and concentrated portfolio of performance of the Nifty 50, subject to performance of the Sensex, subject to research based investment approach. equity & equity related instruments up to tracking errors. tracking errors. However, there can be no assurance that 30 companies across market the investment objective of the Scheme capitalization. The secondary objective will be realized, as actual market of the scheme is to generate consistent movements may be at variance with returns by investing in debt, money anticipated trends. market securities, REITs and InvITs. There is no assurance or guarantee that the investment objective of the scheme will be achieved. # Samir Rachh (till Apr 27, 2018) Manish Gunwani Meenakshi Dawar (since Apr 28, 2018 Payal Wadhwa Kaipunjal till May 6, 2018) (Vinay Sharma w.e.f. May 7, 2018)# Nifty 50 S&P BSE Sensex S&P BSE MidCap S&P BSE 500 Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. • 0.25% if redeemed or switched out on or before completion of 7 days from the • 1% if redeemed or switched out on or • 1% if redeemed or switched out on or date of allotment of units before completion of 1 year from the before completion of 1 year from the • Nil thereafter date of allotment of units. date of allotment of units • Nil thereafter. • Nil thereafter Under both Direct and other than Direct plan Under both Direct and other than Direct plan Growth Plan - Growth Option Growth Plan - Growth Option Dividend Plan - Payout Option (Quarterly, Half yearly, Annual) & Reinvestment Option Dividend Plan - Payout & Reinvestment Option (Quarterly, Half yearly, Annual) Purchase: `5000 & in multiples of `1 thereafter Additional Purchase: `1000 & in multiples of `1 thereafter

# Jahnvee Shah: Dedicated Fund Manager for Overseas Investments Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

May 2018

67

FUNDS AT A GLANCE Scheme Name

Type of Scheme

Allotment Date Investment Objective

Fund Manager Benchmark

Reliance Small Cap Fund

Reliance Value Fund (formerly known as Reliance Regular Savings Fund - Equity Option) An open ended Equity Scheme An open ended Equity predominantly investing in Small Scheme following a value Cap stocks investment strategy September 16, 2010 The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Multi Cap Fund - An open ended equity scheme investing across large cap, mid cap, small cap stocks March 28, 2005 The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.

June 8, 2005 The primary investment objective of this scheme is to seek capital appreciation and/or to generate consistent returns by actively investing in equity/ equity related securities predominantly into value stocks. However there can be no assurance that the investment objective of the Scheme will be realized.. Samir Rachh (till May 6, 2018) Sailesh Raj Bhan# Samir Rachh # Dhrumil Shah (Co-Fund Manager) Meenakshi Dawar (w.e.f. May 7, 2018)# S&P BSE SmallCap

Entry Load

Reliance Multi Cap Fund (formerly known as Reliance Equity Opportunities Fund)

Reliance Equity Hybrid Fund (formerly known as Reliance Regular Savings Fund - Balanced Option) An open ended hybrid scheme investing predominantly in equity and equity related instruments June 8, 2005 The primary investment objective of this option is to generate consistent returns and appreciation of capital by investing in a mix of securities comprising of equity, equity related instruments & fixed income instruments.

Reliance Equity Savings Fund

An open ended scheme investing in equity, arbitrage and debt. May 30, 2015 The primary investment objective of this fund is to generate income and capital appreciation by investing in arbitrage opportunities & pure equity investments along with investments in debt securities & money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Sanjay Parekh, Amit Tripathi# Sanjay Parekh, Anju Chhajer#

CRISIL Hybrid 35+65 - 40% of Crisil Liquid Fund Index + 30% of Crisil Short Term Bond Fund S&P BSE Enhanced Value S&P BSE 500 (w.e.f Apr 28, 2018) Aggressive Index Index + 30% in Nifty 50 Index (w.e.f Apr 28, 2018)

Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. • 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of • 10% of the units allotted 10% of the units allotted shall be shall be redeemed without redeemed without any exit load, on or units any exit load, on or before before completion of 12 months from • Nil thereafter completion of 12 months the date of allotment of units. Any from the date of allotment redemption in excess of such limit in of units. Any redemption the first 12 months from the date of of units would be done on allotment shall be subject to the First in First Out Basis following exit load. Redemption of (FIFO) units would be done on First in First • 1% if redeemed or out Basis (FIFO): switched out on or before • 1% if redeemed or switched out on 12 months from the date or before completion of 12 months of allotment of units from the date of allotment of units. • Nil thereafter • Nil thereafter.

Exit Load

Investment Plans/ Options

Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout & Reinvestment Option

Minimum Application Amount

Fresh/additional subscriptions/ switch-ins to all the Plans & Options through anymode including Stock Exchange platform has been temporarily suspended w.e.f. Mar 26, 2018. Fresh Registration through the Systematic Route i.e. SIP/STP or such other special product shall be allowed for a maximum of upto Rs.1 lakh each installment.

Scheme Name

Reliance Banking Fund

Type of Scheme

An open ended equity scheme investing in Banking sector.

Allotment Date Investment Objective

Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout Option (Adhoc, Monthly, Quarterly) & Reinvestment Option (Adhoc, Monthly, Quarterly) Purchase: `500 & in Purchase: `5000 & in multiples of Purchase: `500 & in Purchase: `5000 & in multiples of `1 multiples of `1 thereafter `1 thereafter multiples of `1 thereafter thereafter Additional Purchase: `500 & Additional Purchase: `1000 & in Additional Purchase: `500 & Additional Purchase: `1000 & in in multiples of `1 thereafter multiples of `1 thereafter in multiples of `1 thereafter multiples of `1 thereafter

Reliance Power & Infra Fund (formerly known as Reliance Diversified Power Sector Fund) An Open Ended Equity Scheme investing in power & infrastructure sectors May 8, 2004 The investment objective of the scheme is to seek long term capital appreciation by investing in equity/equity related instruments of the companies that are engaged in or allied to the power and infrastructure space in India. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Reliance Consumption Fund (formerly known as Reliance Media & Entertainment Fund) An Open Ended Equity Scheme following consumption theme

Reliance Pharma Fund An Open Ended Equity Scheme investing in pharma sector

May 26, 2003 September 30, 2004 June 5, 2004 The primary investment objective of the scheme is to The investment objective of the The primary investment objective seek to generate continous returns by actively investing scheme is to seek long term capital of the scheme is to seek to in equity and equity related securities of companies in appreciation by investing atleast generate consistent returns by the Banking Sector and companies engaged in allied 80% of its net assets in equity/equity investing in equity and equity activities related to Banking Sector.The AMC will have related instruments of the companies related or fixed income securities the discretion to completely or partially invest in any of that are likely to benefit directly or of Pharma and other associated the type of securities stated above with a view to indirectly from the domestic companies. maximize the returns or on defensive considerations. consumption led demand. However, there can be no assurance that the investment There is no assurance or guarantee objective of the Scheme will be realized, as actual that the investment objective of the market movements may be at variance with anticipated scheme will be achieved. trends. Fund Manager Sailesh Raj Bhan# Sailesh Raj Bhan# Sanjay Parekh (till Apr 8, 2018), Sanjay Doshi# Vinay Sharma (w.e.f. Apr 9, 2018)# Benchmark Nifty Bank (w.e.f Mar 27, 2018) Nifty Infrastructure Index (w.e.f Nifty India Consumption Index (w.e.f S&P BSE Healthcare Apr 28, 2018) Apr 28, 2018) Entry Load Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. Exit Load • 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units • Nil thereafter Investment Plans/ Options • Under both Direct and other than Direct plan • Growth Plan - Growth Option • Dividend Plan - Payout & Reinvestment Minimum Application Amount Purchase: `5000 & in multiples of `1 thereafter Additional Purchase: `1000 & in multiples of `1 thereafter # Jahnvee Shah: Dedicated Fund Manager for Overseas Investments Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

68

May 2018

Fundamentals

FUNDS AT A GLANCE Scheme Name Type of Scheme

Reliance Tax Saver (ELSS) Fund

Reliance Arbitrage Fund (formerly known Reliance Japan Equity Fund as Reliance Arbitrage Advantage Fund) An open ended equity linked saving An open ended scheme investing in arbitrage An open ended equity scheme following Japan focused theme. scheme with a statutory lock in of 3 years opportunities and tax benefit.

Reliance US Equity Opportunities Fund An open ended equity scheme following US focused theme. July 23, 2015 The primary investment objective of Reliance US Equity Opportunities Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on recognized stock exchanges in the US and the secondary objective is to generate consistent returns by investing in debt and money market securities in India. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Allotment Date

September 21, 2005

Investment Objective

The primary objective of the scheme is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. However, there can be no assurance that the scheme's investment objective shall be achieved

Fund Manager

Ashwani Kumar#

Payal Wadhwa Kaipunjal#

Jahnvee Shah, Anju Chhajer

Jahnvee Shah, Anju Chhajer

Benchmark

S&P BSE 100

Crisil Liquid Fund Index

TOPIX (Tokyo Stock Price Index)

S&P 500

Entry Load

Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Exit Load

Not Applicable

Investment Plans/ Options

Minimum Application Amount

Scheme Name Type of Scheme Allotment Date Investment Objective

Fund Manager Benchmark Entry Load Exit Load Investment Plans/ Options

Minimum Application Amount

October 14, 2010 The investment objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.

August 26, 2014 The primary investment objective of Reliance Japan Equity Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on the recognized stock exchanges of Japan and the secondary objective is to generate consistent returns by investing in debt and money market securities of India. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

• 0.25% if redeemed/switched on or before • 1% if redeemed or switched out on or before completion of 1 year from completion of 1 month from the date of the date of allotment of units allotment of units • Nil thereafter • Nil thereafter Under both Direct and other than Direct Under both Direct and other than Direct plan Under both Direct and other than Direct plan Growth Plan - Growth Option Growth Plan - Growth Option plan Dividend Plan - Payout & Reinvestment Option Dividend Plan - Payout Option Growth Plan - Growth Option Dividend Plan - Payout (Adhoc, Annual) (Adhoc, Monthly*) & Reinvestment Option (Adhoc, Monthly*) *Monday preceding last Thursday of the month Purchase: `5000 & in multiples of `1 thereafter Purchase: `500 & in multiples of `500 Purchase: `5000 & in multiples of `1 Additional Purchase: `1000 & in multiples of `1 thereafter thereafter thereafter Additional Purchase: `500 & in multiples Additional Purchase: `1000 & in multiples of `1 thereafter of `500 thereafter

Reliance Liquidity Fund

Reliance Liquid Fund - Treasury Reliance Liquid Fund - Cash Reliance Money Manager Fund Plan Plan An open ended Liquid Scheme An open ended Liquid Scheme An open ended Liquid Schemes An open ended Income Scheme June 16, 2005 December 9, 2003 December 7, 2001 March 20, 2007 The investment objective of the scheme is to The investment objective of the The investment objective of the The investment objective of the Scheme generate optimal returns consistent with Scheme is to generate optimal Scheme is to generate optimal is to generate optimal returns consistent moderate levels of risk and high liquidity. returns consistent with moderate returns consistent with moderate with moderate levels of risk and liquidity Accordingly, investments shall predominantly levels of risk and high liquidity. levels of risk and high liquidity. by investing in debt securities and money be made in Debt and Money Market Accordingly, investments shall Accordingly, investments shall market securities. Instruments. predominantly be made in Debt and predominantly be made in Debt Money Market Instruments. and Money Market Instruments. Amit Tripathi, Vivek Sharma Anju Chhajer# Anju Chhajer, Vivek Sharma# Amit Tripathi, Anju Chhajer# Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. Nil Nil Nil Nil Under both Direct and other than Direct plan Under both Direct and other than Direct Under both Direct and other than Direct plan Growth Plan - Growth Option plan Growth Plan - Growth Option Growth Plan - Growth Option Dividend Plan - Payout Option (Monthly, Dividend Plan - Payout Option (Monthly, Quarterly) & Reinvestment Quarterly) & Reinvestment Option (Daily, Option (Daily, Weekly, Monthly, Quarterly) Dividend Plan - Payout Option (Adhoc, Weekly, Monthly, Quarterly) Weekly, Monthly, Quarterly) & Reinvestment Option (Adhoc, Daily, Weekly, Monthly, Quarterly) Purchase: Purchase: Purchase: Daily Dividend Option - `10000 & in multiples Daily Dividend Option - `10000 & in multiples of `1 thereafter Daily Dividend Option - `10000 & in of `1 thereafter multiples of `1 thereafter Weekly Dividend Option - `5000 & in multiples of `1 thereafter Other Plans and Options - `5000 & in Weekly Dividend Option - `5000 & in Other Plans and Options - `100 and in multiples of `1 thereafter multiples of `1 thereafter multiples of `1 thereafter Additional Purchase: Additional Purchase: Other Plans and Options - `500 and in Daily Dividend Option- `10000 & in multiples of `1 thereafter multiples of `1 thereafter Daily Dividend Option - `10000 & in multiples Weekly Dividend Option- `1000 & in multiples of `1 thereafter of `1 thereafter Additional Purchase: Other Plans and Options- `100 & in multiples of `1 thereafter Other Plans and Options - `1000 & in Daily Dividend Option - `10000 & in multiples of `1 thereafter multiples of `1 thereafter Weekly Dividend Option - `1000 & in multiples of `1 thereafter Other Plans and Options - `100 & in multiples of `1 thereafter

# Jahnvee Shah: Dedicated Fund Manager for Overseas Investments Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

May 2018

69

FUNDS AT A GLANCE Scheme Name

Reliance Medium Term Fund

Reliance Banking & PSU Debt Fund

Reliance Floating Rate Fund - Short Term Plan

Reliance Short Term Fund

Type of Scheme

An open ended Income Scheme with no assured returns

An open ended Income Scheme

An open ended Income Scheme

An open ended Income Scheme

Allotment Date

September 14, 2000

May 15, 2015

April 27, 2004

December 18, 2002

Investment Objective

The primary investment objective of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.

To generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs). However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The primary investment objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of Floating Rate Debt Securities (including floating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns). The scheme shall also invest in Fixed Rate Debt Securities (including fixed rate securitised debt, Money Market Instruments and Floating Rate Debt Instruments swapped for fixed returns).

The primary investment objective of the scheme is to generate stable returns for investors with a short term investment horizon by investing in fixed income securitites of a short term maturity.

Fund Manager

Amit Tripathi, Anju Chhajer#

Anju Chhajer, Vivek Sharma#

Amit Tripathi, Vivek Sharma#

Prashant Pimple#

Benchmark

Crisil Short Term Bond Fund Index

Crisil Short Term Bond Fund Index

Crisil Liquid Fund Index

Crisil Short Term Bond Fund Index

Entry Load

Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Exit Load

Nil

Nil

• 0.50%, if units are redeemed or switched Nil out on or before completion of 1 month from the date of allotment of units. • Nil thereafter

Investment Plans/ Options

Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout Option (Adhoc, Weekly, Monthly, Quarterly) & Reinvestment Option (Adhoc, Daily, Weekly, Monthly, Quarterly)

Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout Option (Adhoc, Weekly, Monthly, Quarterly) & Reinvestment Option (Adhoc, Weekly, Monthly, Quarterly)

Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout Option (Adhoc, Weekly, Monthly, Quarterly) & Reinvestment Option (Adhoc, Daily, Weekly, Monthly, Quarterly)

Minimum Application Amount

Purchase: Growth Plan - `1000 & in multiples of `1 thereafter Other Plans and Options - `5000 & in multiples of `1 thereafter Additional Purchase: `1000 & in multiples of `1 thereafter

Purchase: `5000 & in multiples of `1 thereafter Additional Purchase: `1000 & in multiples of `1 thereafter

Scheme Name Type of Scheme Allotment Date Investment Objective

Reliance Regular Savings Fund - Debt Option

Reliance Corporate Bond Fund

Reliance Income Fund

An open ended scheme June 8, 2005

An open ended Income Scheme June 26, 2014

An open ended Income Scheme January 1, 1998

Fund Manager Benchmark Entry Load Exit Load

Investment Plans/ Options

Minimum Application Amount

Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout Option (Adhoc, Monthly, Quarterly) & Reinvestment Option (Adhoc, Monthly, Quarterly)

The primary investment objective of this option is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in Debt & Money Market Instrument.

To generate income through investments in a range The primary investment objective of the scheme is of debt and money market instruments of various to generate optimal returns consistent with maturities with a view to maximizing income while moderate level of risk. This income may be maintaining the optimum balance of yield, safety complemented by capital appreciation of the and liquidity. The scheme would focus its portfolio. Accordingly, investments shall investments predominantly in corporate bonds of predominantly be made in Debt & Money Market various maturities and across ratings for the Instruments. purpose of achieving regular income and capital appreciation. Prashant Pimple# Prashant Pimple# Prashant Pimple# Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. 10% of the units allotted shall be redeemed without any exit load, on • 1% if redeemed within 12 months from the date • (w.e.f. Feb 20, 2018) 0.25% if units redeemed or before completion of 12 months from the date of allotment of units. of allotment of units or switched out on or before completion of 15 Any redemption in excess of such limit in the first 12 months from the • Nil, thereafter days from the date of allotment of units. date of allotment shall be subject to the following exit load. • Nil, thereafter Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units • Nil thereafter Under both Direct and other than Direct plan Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout Option (Adhoc, Quarterly) & Reinvestment Option (Adhoc, Quarterly) Dividend Plan - Payout Option (Monthly, Quarterly, Half yearly, Annual) & Reinvestment Option (Monthly, Quarterly, Half yearly, Annual) Purchase: `500 & in multiples of `1 thereafter Purchase: `5000 & in multiples of `1 thereafter Purchase: Growth Option - `5000 & in multiples of `1 Additional Purchase: `500 & in multiples of `1 thereafter Additional Purchase: `1000 & in multiples of `1 thereafter thereafter Monthly Dividend option - `25000 & in multiples of `1 thereafter Quarterly Dividend option - `10000 & in multiples of `1 thereafter Half Yearly Dividend option - `5000 & in multiples of `1 thereafter Annual Dividend option - `5000 & in multiples of `1 thereafter. Additional Purchase: `1000 & in multiples of `1 thereafter

# Jahnvee Shah: Dedicated Fund Manager for Overseas Investments Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

70

May 2018

Fundamentals

FUNDS AT A GLANCE Scheme Name

Reliance Dynamic Bond Fund

Reliance Gilt Securities Fund

Reliance Monthly Income Plan

Type of Scheme

An open ended Income Scheme

An open ended Government Securities Scheme

An open ended Fund. Monthly Income is not assured & is subject to the availability of distributable surplus

Allotment Date

November 15, 2004

August 22, 2008

December 29, 2003

Investment Objective

The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.

The primary investment objective of the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government.

The primary investment objective of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.

Prashant Pimple#

Prashant Pimple

Fund Manager

Amit Tripathi, Sanjay Parekh#

Benchmark

Crisil Composite Bond Fund Index

Entry Load

Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Exit Load

• 1% of the applicable NAV if redeemed or switched out on or before completion of 12 months from the date of allotment of units • Nil thereafter

• (w.e.f. Feb 20, 2018) 0.25% if units redeemed or switched out on or before completion of 15 days from the date of allotment of units. • Nil, thereafter

10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before 12 months from the date of allotment of units. • Nil thereafter

Investment Plans/ Options

Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout Option (Adhoc, Quarterly) & Reinvestment Option (Adhoc, Quarterly)

Under both Direct and other than Direct plan Growth Plan - Growth option Dividend Plan - Monthly Dividend (Payout & Reinvestment option) Provident Fund (PF) Option - Automatic Capital Appreciation Payout Option (ACAPO), Defined Maturity Date Option (DMDO), Automatic Annual Reinvestment Option (AARO)

Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout Option (Monthly, Quarterly) & Reinvestment Option (Monthly, Quarterly)

Minimum Application Amount

Purchase: `5000 & in multiples of `1 thereafter Additional Purchase: `1000 & in multiples of `1 thereafter

I-Sec Li-BEX

Crisil Hybrid 85+15 - Conservative Index

Scheme Name

Reliance ETF Nifty BeES

Type of Scheme

An Open Ended Index Exchange Traded An open-ended Index Exchange Traded An open-ended Index Exchange Traded An Open Ended Index Exchange Traded Scheme [Rajiv Gandhi Equity Savings Fund [Rajiv Gandhi Equity Savings Fund [Rajiv Gandhi Equity Savings Scheme [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]** Scheme (RGESS) Qualified Scheme]** Scheme (RGESS) Qualified Scheme]** Scheme (RGESS) Qualified Scheme]**

Reliance ETF Sensex

Allotment Date

December 28, 2001

September 24, 2014

June 18, 2015

February 21, 2003

Investment Objective

The investment objective of Reliance ETF Nifty BeES is to provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty 50 Index. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as repre- sented by the S&P BSE Sensex Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as repre- sented by the Nifty 50 Value 20 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of the Scheme is to provide returns that, before expenses, closely correspond to the returns of Securities as represented by Nifty Next 50 Index. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Fund Manager

Reliance ETF NV20

Reliance ETF Junior BeES

Payal Wadhwa Kaipunjal

Benchmark

Nifty 50

Entry Load

Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Exit Load

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Investment Plans/ Options

Growth Option

Not Applicable

Not Applicable

Growth Option

Minimum Application Amount

Through Stock Exchange - One Unit Through Stock Exchange - One Unit Through Stock Exchange - One Unit Through Stock Exchange - One Unit Directly with the Mutual fund - In Directly with the Mutual fund - In Directly with the Mutual fund - In Directly with the Mutual fund - In creation unit size viz. 5000 units creation unit size viz. 10,000 units creation unit size viz. 6000 units creation unit size viz. 16,000 units

S&P BSE Sensex

Nifty 50 Value 20

Nifty Next 50

# Jahnvee Shah: Dedicated Fund Manager for Overseas Investments Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

May 2018

71

FUNDS AT A GLANCE Scheme Name

Reliance ETF Nifty 100

Reliance ETF Consumption

Type of Scheme

An open-ended Index Exchange An open-ended Index Exchange An open-ended Index Exchange Traded Fund Traded Fund [Rajiv Gandhi Equity Traded Fund Savings Scheme (RGESS) Qualified Scheme]**

An open ended index scheme listed on the Exchange in the form of an Exchange Traded Fund (ETF) tracking the Nifty Infrastructure Index

Allotment Date

March 22, 2013

April 3, 2014

April 15, 2014

September 29, 2010

Investment Objective

The investment objective of the scheme is to provide investment returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty 100 Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of the scheme is to provide investment returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty India Consumption Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of the scheme is to provide investment returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty Dividend Opportunities 50 Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of Reliance ETF Infra BeES is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty Infrastructure Index by investing in the Securities in the same proportion as in the Index. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Fund Manager

Reliance ETF Dividend Opportunities

Reliance ETF Infra BeES

Payal Wadhwa Kaipunjal

Benchmark

Nifty 100

Entry Load

Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Exit Load

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Investment Plans/ Options

Not Applicable

Not Applicable

Not Applicable

Growth Option

Minimum Application Amount

Through Stock Exchange - One Unit Through Stock Exchange - One Unit Through Stock Exchange - One Unit Directly Through Stock Exchange - One Directly with the Mutual fund - In Directly with the Mutual fund - In with the Mutual fund - In creation unit size viz. Unit creation unit size viz. 100,000 units creation unit size viz. 150,000 units 150,000 units Directly with the Mutual fund - In creation unit size viz. 5000 units

Nifty India Consumption

Nifty Dividend Opportunities 50

Scheme Name

Reliance ETF Bank BeES

Type of Scheme

An Open Ended Index Exchange Traded An open ended index scheme, listed on An Open Ended Index Exchange Traded Scheme [Rajiv Gandhi Equity Savings the Exchange in the form of an Scheme [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]** Exchange Traded Fund (ETF) tracking Scheme (RGESS) Qualified Scheme]** the Nifty PSU Bank Index

An open ended index Scheme, investing in overseas Securities listed on the Exchange in the form of an Exchange Traded Fund (ETF) tracking the Hang Seng Index

Allotment Date

May 27, 2004

October 25, 2007

March 18, 2009

March 9, 2010

Investment Objective

The investment objective of Reliance ETF Bank BeES is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty Bank Index. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of Reliance ETF PSU Bank BeES is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty PSU Bank Index. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of Reliance ETF Shariah BeES is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty50 Shariah Index by investing in Securities which are constituents of the Nifty50 Shariah Index in the same proportion as in the Index. Investors to note that Reliance ETF Shariah BeES is not a Shariah compliant scheme. There can be no assurance or guaran- tee that the investment objective of the Scheme will be achieved.

The investment objective of Reliance ETF Hang Seng BeES is to provide returns that, before expenses, closely correspond to the total returns of Securities as represented by Hang Seng Index of Hang Seng Data Services Limited, by investing in the Securities in the same proportion as in the index. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Fund Manager

Reliance ETF PSU Bank BeES

Reliance ETF Shariah BeES

Nifty Infrastructure

Payal Wadhwa Kaipunjal

Reliance ETF Hang Seng BeES

Siddharth Deb, Jahnvee [email protected]

Benchmark

Nifty Bank

Entry Load

Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Exit Load

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Investment Plans/ Options

Growth Option

Growth Option

Growth Option

Growth Option

Minimum Application Amount

Through Stock Exchange - One Unit Through Stock Exchange - One Unit Through Stock Exchange - One Unit Through Stock Exchange - One Unit Directly with the Mutual fund - In Directly with the Mutual fund - In Directly with the Mutual fund - In Directly with the Mutual fund - In creation unit size viz. 1000 units creation unit size viz. 5000 units creation unit size viz. 10,000 units creation unit size viz. 2500 units

Nifty PSU Bank

Nifty50 Shariah

Hang Seng

# Jahnvee Shah: Dedicated Fund Manager for Overseas Investments @ Jahnvee Shah - For foreign securities, Siddharth Deb - For debt securities Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

72

May 2018

Fundamentals

FUNDS AT A GLANCE Scheme Name

CPSE ETF

Reliance ETF Liquid BeES

Reliance ETF Gold BeES

Reliance ETF Long Term Gilt

Type of Scheme

An Open Ended Index Exchange Traded Scheme [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme]**

An open ended liquid scheme, listed on the Exchange in the form of an ETF, investing in CBLO/Repo & Reverse Repo with daily Dividend and compulsory reinvestment of Dividend.

An open ended scheme, listed on the An Open ended Index Exchange Exchange in the form of an Exchange Traded Fund Traded Fund (ETF) investing in physical gold

Allotment Date

March 28, 2014

July 8, 2003

March 8, 2007

July 5, 2016

Investment Objective

The investment objective of the Scheme is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty CPSE Index, by investing in the Securities which are constituents of the Nifty CPSE Index in the same proportion as in the Index. However the performance of the Scheme may differ from that of underlying index due to tracking error. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

The investment objective of Reliance ETF Liquid BeES is to seek to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Collateralised Lending & Borrowing Obligation (CBLO)/Repo & Reverse Repo. The Scheme will provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate index. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of Reliance ETF Gold BeES is to provide returns that, before expenses, closely correspond to the returns provided by Domestic Prices of Gold through physical gold. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty 8-13 yr G-Sec Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Fund Manager

Payal Wadhwa Kaipunjal

Siddharth Deb

Payal Wadhwa Kaipunjal

Prashant Pimple

Benchmark

Nifty CPSE

Nifty 1D Rate Index

Domestic Prices of Gold

Nifty 8-13 yr G-Sec Index

Entry Load

Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Exit Load

Not Applicable

Investment Plans/ Options

Growth Option

Minimum Application Amount

Through Stock Exchange - One Unit Through Stock Exchange - One Unit. Directly with the Mutual fund - In Directly with the Mutual fund - In creation unit size viz. 100,000 units creation unit size viz. 2500 units.

Scheme Name

Reliance Gold Savings Fund

Reliance Retirement Fund - Wealth Creation Scheme

Reliance Retirement Fund-Income Generation Scheme

Type of Scheme

An open-ended Fund of Fund Scheme

An open ended notified tax savings cum pension scheme with no assured returns

An open ended notified tax savings cum pension scheme with no assured returns

Allotment Date

March 7, 2011

February 11, 2015

February 11, 2015

Investment Objective

The investment objective of the scheme is to The investment objective of the scheme is to seek to provide returns that closely correspond provide capital appreciation and consistent income to returns provided by Reliance ETF Gold BeES. to the investors which will be in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

The investment objective of the scheme is to provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Fund Manager

Payal Wadhwa Kaipunjal

Sanjay Parekh, Anju Chhajer#

Anju Chhajer, Sanjay Parekh#

Benchmark

Domestic Prices of Gold

S&P BSE 100

Crisil Hybrid 85+15 - Conservative Index

Entry Load

Not Applicable. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Exit Load

• 2% if redeemed or switched out on or before • 1% if redeemed/switched out from Reliance Retirement Fund before attainment of 60 years of age completion of 1 year from the date of • Nil in case of Auto SWP/Redemption/Switch out from Reliance Retirement Fund on or after attainment of 60 allotment of units years of age or after completion of 5 year lock in period, whichever is later • Nil thereafter • Nil in case of switch made from Wealth Creation Scheme to Income Generation Scheme or vice versa • Nil in case of Auto Transfer from Wealth Creation Scheme to Income Generation Scheme (Note: Age will be computed with reference to years completed on the date of transaction)

Investment Plans/ Options

Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout & Reinvestment Option

Minimum Application Amount

Purchase: `1000 & in multiples of `1 Purchase: `5000 and in multiples of `500 thereafter Additional Purchase: `1000 & in the multiple of `500 thereafter Additional Purchase: `1000 & in thereafter multiples of `1 thereafter

Dividend Option - Daily Dividend Reinvestment

Growth Option

Growth Option

Through Stock Exchange - One Unit Through Stock Exchange - One Unit Directly with the Mutual fund - In Directly with the Mutual fund - In creation unit size viz. 1000 units creation unit size viz. 250000 units

Under both Direct and other than Direct plan Growth Plan - Growth Option Dividend Plan - Payout Option

# Jahnvee Shah: Dedicated Fund Manager for Overseas Investments Please refer page no. 74 for explanation on symbol: ^ @ and ** wherever available

Fundamentals

May 2018

73

Disclaimers, Statutory Details & Risk Factors Exit Load – If charged, the same shall be credited to the scheme immediately net of Goods & Service Tax, if any. ^Expense Ratio – Weighted Expenses for the Month. Expense ratio excludes Goods & Service Tax on management fees. @ Tracking Error – Calculated using daily value for 36 months period. ** RGESS – No deduction under Rajiv Gandhi Equity Saving Scheme (“The Scheme”) shall be allowed in respect of any fresh investment made from 01.04.2017 onwards: However, an investor, who has invested in listed units of an equity oriented fund in accordance with the scheme and claimed deduction under section 80CCG of The Income Tax Act, 1961(“The Act”) financial year commencing before the 1st day of April, 2017, shall be allowed deduction under this section till the financial year ending on the 31st day of March, 2019, if he is otherwise eligible to claim the deduction in accordance with the other provisions of the section 80CCG of The Act Kindly refer addendum no. 63 dated September 28, 2012 for details about discontinued plan. Direct plan got introduced w.e.f. 01/01/2013. Kindly refer addendum no. 95 dated December 31, 2012 for details about direct plan. Kindly refer addendum no. 66 dated June 11, 2015 for details about discontinued bonus plan/option. Scheme Related Disclosures Debt Schemes of Reliance Mutual Fund shall be undergoing fundamental attribute change w.e.f. May 19, 2018. Kindly refer notice cum addendum no. 6 dated April 13, 2018 available on website (www.reliancemutual.com) for the details of the aforementioned change before making investment decision. Certain Equity Schemes of Reliance Mutual Fund has undergone fundamental attribute change/Merger w.e.f. April 28, 2018. Kindly refer notice cum addendum no. 200 & 201 dated March 23, 2018 available on website (www.reliancemutual.com) for the details of the aforementioned change before making investment decision. for change in Fund Manager for few of the scheme of Reliance Mutual Fund w.e.f. May 7, 2018 kindly refer notice cum addendum no. 21 dated May 4, 2018 In line with SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2018/04 dated jan 4, 2018, w.e.f. Feb 1, 2018 the performance of the Equity Scheme is Benchmarked to the Total Return Variant of the Index. As communicated by CRISIL the existing nomenclature of indices viz; CRISIL MIP BLENDED FUND INDEX & CRISIL BALANCED FUND - AGGRESSIVE INDEX has been changed to CRISIL Hybrid 85+15 - Conservative Index & CRISIL Hybrid 35+65 - Aggressive Index respectively w.e.f. Jan 31, 2018. Hence, the Benchmark for Reliance Monthly Income Plan & Reliance Retirement Fund - Income Generation Scheme is now Crisil Hybrid 85+15 - Conservative Index . Benchmark for Reliance Regular Savings Fund - Balanced Option is now CRISIL Hybrid 35+65 - Aggressive Index. Reliance Focused Large Cap Fund merged with Reliance Mid & Small Cap Fund and with few changes in attribute the scheme was renamed as Reliance Focused Equity Fund. In line with SEBI circular SEBI/HO/IMD/DF3/CIR/P/2018/69 dated Apr 12, 2018; the scheme performance has not been provided. Fundamental attributes of Reliance ETF Liquid BeES have been changed w.e.f. October 30, 2017. For more details investors are advised to refer Notice cum Addendum no. 103 dated September 18, 2017. The investors of Reliance Gold Savings Fund will be bearing the recurring expenses of the scheme, in addition to the expenses of underlying scheme. Disclaimer: The Fact sheet “Fundamentals” is meant for general reading purpose only and is not meant to serve as a professional guide for the readers. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The Sponsor, the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives (“entities & their affiliates”) do not assume any responsibility for, or warrant the authenticity, accuracy, completeness, adequacy and reliability of such information. Whilst no action has been solicited based upon the information provided herein; due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable. This information is not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice order to arrive at an informed investment decision. Entities & their affiliates shall not be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including loss of profits, arising in any way from the information contained in this material. Entities & their affiliates including persons involved in the preparation or issuance of this material may from time to time have long or short positions in and buy or sell the securities there of, of company(ies)/ specific economic sectors mentioned herein. NAV of the plan/option of certain schemes are not provided for certain cases as the NAV was not computed because there were no investors as on the date on which the NAV details are provided.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

74

May 2018

Fundamentals

How To Read 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 investments 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 Ratio (Portfolio Beta): Beta is a measure of an investment’s volatility vis-a-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. Average portfolio PE (Average P/E): It is price to earnings ratio of the stocks calculated for the entire portfolio on a weighted average basis. Average portfolio price to book ratio (Average P/BV): It is price to book value of the stocks calculated for the entire portfolio on a weighted average basis. Average portfolio dividend yield (Average Dividend Yield): It is dividend yield of the stocks calculated for the entire portfolio on a weighted average basis. Net Equity: Net equity level is the net equity exposure percentage adjusted for any derivative positions in stocks or index for hedging or rebalancing purpose. R Squared: It is a statistical measure of how closely the portfolio returns are correlated with its benchmark. 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 subcategories. 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.