RH Bouquet Investment Options India Business Leader Flexi

RH Bouquet Investment Options India Business Leader Flexi. Cap Super Value India Under-Served • All weather portfolios with segment leading companies • A dynamic portfolio with flexibility on market cap & asset allocation • Discover high potential secular growth stories from small and mid cap segment • Play on India’s secular consumption theme Bound by common Philosophy. Unrestricted by Approach or Style What Binds our products What Distinguishes of our Products • Investment & Research Philosophy • Investment Approach • Investment Process & Risk Management • Investment Style • Investment Governance • Portfolio Construct

Binding Thread Across Portfolios Philosophy, Processes & Governance

Bound By Philosophy, Process & Governance Investment & Research Philosophy Our Mantra Conviction Buying – Disciplined Tracking – Preserving Profits Our Research Philosophy What Kind of Business We like • High Quality Business run by Ethical Management that show sustainable growth promise • Predictable Cash Flow & ability to retain pricing power • Available at fair valuation with clearly identifiable incremental growth catalyst

Bound By Philosophy, Process & Governance Investment Process & Risk Management A highly iterative and robust investment process which takes into account qualitative & quantitative with robust overlay of forensics & risk management practices.

Bound By Philosophy, Process & Governance Stock Selection Framework Strict Adherence to Stock Selection Process

Bound By Philosophy, Process & Governance Investment Governance Robust Governance & Monitoring process backed by technology and supported by external experts

Differentiated by Style, Approach & Portfolio Construct Choice of Distinct Portfolios While Governed & bound by common Investment philosophy & process the portfolio managers have freedom to differentiate their portfolio by following distinct approach & style in portfolio construction Investment Style Investment Approach Business Leaders Flexi Cap Under-Served Under -Valued Style Growth at reasonable Price Thematic Growth Deep Value Diversification Well Spread Focused Concentrated Valuation Disciplined Accommodative Contrarian Churn Style Medium Extremely Low Market Cap Large Cap Bias Flexible Unconstrained Holding Period Medium to Long Term Long term Leverage

Differentiated by Style, Approach & Portfolio Construct Business Leaders Flexi Cap Under-Served Under -Valued Stocks Exposure 25 -30 10 -15 Stock Allocation 10% 15% Stock Capping 15% 20% Sector Capping 30% 40% Large Cap X% to Y% Mid Cap X% to Y% Small Cap X% to Y% Unconstrained Unconstrained

Why RH PMS Unique Choices & Competent Performance • • • Unique Model of Core + Curate • Core – Discretionary equity and multi asset portfolios managed by In-house team lead by our CIO • Curate - Researched & Selected offering of specialized and differentiated portfolio strategies by niche & competent managers Choice of strategies • Choices based on Market Cap preference • Choice Based on Themes & Multi Asset Modelling • Choices Based on Investment Style Performance Track-Record • Long term Track record • Outperforming Benchmarks Consistently • Focus on Risk Adjusted Returns

Why RH PMS Team Competencies & Client Focus • Team • Competency – Team with varied experience in equity, private equity, hedge fund and wealth management Industry • Strength – 2 Fund Managers + 2 Analysts team headed b pedigreed CIO • Client Focus • Complete Transparency • Competitive Fees, Charges Customised Solutions • Portfolio Construction • Pricing Choices & Flexibility Governance Focus • Risk Management • Process Orientation •

RH PMS – A Snapshot Inception Date Other relevant Dates Strategies Available Clients On Board AUM

RH PMS – Team

RH Group Profile Who we are? Right Horizons Financial Services Private Ltd is the apex holding company of the Right Horizons Group; one of India’s prominent and respected Investment Advisory & Wealth Management Companies. A first generation entrepreneur, Mr. Anil Rego, founded it in the year 2003. Over a period of time the group has expanded its core Investment Advisory Practice and diversified into complementary business services of Portfolio Management Services (PMS) and Insurance Broking with multiple licenses across various business verticals. The Right Horizons group has been able to create a niche positioning for itself by following a Financial Planning led Wealth Advisory Model. The backbone of the PMS business is its strong fund management and equity research teams, which aim to deliver the best risk adjusted performance. The investment advisory business is supported by an analyst team, which executes both planning and tracking services for clients. For us, clearly, one size does not fit all as we strive to provide a customized solution to address the needs of our clients on an end-to-end basis. Our support teams and strong technology platform help us deliver the best service levels to our clients. The Group currently advises and manages approximately 1200 Cr of client assets across its Business Verticals.

RH Group Profile

Investment Structure &Charges Service Partners • Fund Management Fees (FMC) • Fund Accounting – IL&FS • Performance Fee – If Applicable • Custody –IL&FS • Statutory Charges – Brokerage & DP Charges • Trades – Philip Capital • Other - Custody & Fund Accounting Fees • Other – Applicable Entry & Exit Load

Key features & Characteristics – Nifty Plus Portfolio Manager: Mr Achin Bhardwaj Portfolio Category: Equity Growth Blend Value Large Medium Small Investment Objective 3 years & above Investment Horizons 3 years & above Number of stocks 25 -30 stocks and Liquid Funds Maximum exposure to a stock 15% of the portfolio Maximum exposure to a sector 25% of the portfolio Reference / Benchmark index Nifty 50 Minimum Investment Amount Min INR 2. 5 million per PMS account and Min INR 1. 0 million per strategy Product Suitability - For Investor Looking for out performance to large cap Index in a consistent and sustainable manner

Portfolio Details – Nifty Plus Portfolio Holdings (Top 10) Maruti Suzuki India Ltd. 9. 17% Larsen & Toubro Ltd. 8. 00% HDFC Bank Ltd. 6. 76% Eicher Motors Ltd. 6. 29% Infosys Ltd. 5. 07% UPL Ltd. 4. 81% ICICI Lombard General Insurance Co Ltd 4. 66% Bajaj Auto Ltd. 4. 27% Biocon Ltd. 4. 08% Voltas Ltd. 3. 97% Asset Allocation Price Multiples TTM P / E 32. 8 x TTM EV / EBITDA 18. 6 x TTM EV / Sales % Weight 5. 2 x Large Cap 83. 8% Mid Cap 6. 4% Cash Balance 7. 5% Mutual funds 2. 3% Small Cap 0. 1%

Performance – Nifty Plus India Business Leader vs Nifty 20. 00% 17. 77% 16. 39% 16. 38% 15. 30% 15. 00% 11. 32% 5. 00% 2. 85% 10. 63% 9. 91% 8. 80% 10. 00% 13. 58% 3. 90% 1. 55% 1. 50% 0. 00% -5. 00% -1. 63% 1 Month 3 Months 6 Months 1 Year India Business Leader Portfolio 2 Years 3 Years 5 Years CNX Nifty Index Growth of Rs. 100 invested in RH India Business Leader Portfolio & Nifty 50 Index 250. 0 200. 0 150. 0 100. 0 50. 0 -13 Aug 14 Jan- 14 Jun- 4 -1 Nov -15 Apr -15 Sep -16 Feb India Business Leader Portfolio 6 Jul-1 -16 Dec CNX Nifty Index -17 May Oct -17 -18 Mar -18 Aug

Risk & Performance Ratios – Nifty Plus Risk & Return Metrics Factors/Funds India Business Leader Portfolio Nifty Average Monthly Returns (5 years average) 1. 35% Stdev (5 Years) 4. 05% 3. 92% Beta 0. 91 1. 00 Sharpe Ratios 0. 18 0. 19 Alpha 0. 07% NA Treynor Ratios 0. 82% 0. 74% India Business Leader Portfolio Nifty 1 Year average (Annual returns) 15. 05% 13. 17% 2 Year Average (Annual returns) 11. 95% 9. 51% 3 Year Average (Annual returns) 11. 82% 9. 36% Weightage Average Annual Rolling return 12. 94% 10. 68% Rolling returns (Jul 2013 -Jul 18)

Key Features & Characteristics – Multi. Cap Portfolio Manager: Mr Achin Bhardwaj Portfolio Category: Equity Growth Blend Value Large Medium Small Investment Objective 3 years & above Investment Horizons 3 years & above Number of stocks 25 -30 stocks and Liquid Funds Maximum exposure to a stock 15% of the portfolio Maximum exposure to a sector 25% of the portfolio Reference / Benchmark index Nifty 50 Minimum Investment Amount Min INR 2. 5 million per PMS account and Min INR 1. 0 million per strategy Product Suitability - For Investor Looking for out performance to large cap Index in a consistent and sustainable manner

Portfolio Details – Multicap Portfolio Holdings (Top 10) Maruti Suzuki India Ltd. 7. 10% Larsen & Toubro Ltd. 7. 02% Dabur India Ltd. 6. 29% HDFC Bank Ltd. 5. 73% Eicher Motors Ltd. 4. 81% Infosys Ltd. 4. 80% Cadila Healthcare Ltd. 4. 63% ICICI Lombard Gen Insurance Company Ltd. 4. 59% Biocon Ltd. 4. 02% Reliance Industries Ltd. 3. 85% Asset Allocation Price Multiples TTM P / E 33. 5 x TTM EV / EBITDA 21. 9 x TTM EV / Sales % Weight 5. 5 x Large Cap 71. 9% Mid Cap 8. 6% Small Cap 3. 6% Cash Balance 5. 7% Mutual funds 10. 2%

Performance – Multicap RH Flexi-Cap v/s CNX Mid Cap Index 25. 00% 20. 00% 14. 43% 0. 00% 12. 39% 11. 22% 10. 00% 5. 00% 15. 50% 14. 92% 15. 00% 7. 88% 7. 26% 3. 54% 2. 27% 7. 29% 1. 19% 0. 97% 1 Month 18. 96% 19. 06% 3 Months 6 Months 1 Year RH Flexicap Scheme 2 Years 3 Years 5 Years CNX 500 Index Growth of Rs. 100 invested in RH Flexi-Cap Portfolio & CNX Mid Cap Index 300. 0 250. 0 200. 0 150. 0 100. 0 50. 0 -13 Aug 14 Jan- 14 Jun- 4 -1 Nov -15 Apr -15 Sep -16 Feb RH Flexicap Scheme 6 Jul-1 CNX 500 Index -16 Dec -17 May Oct -17 -18 Mar -18 Aug

Risk & Performance Ratios – Flexi Cap Risk & Return Metrics Factors/Funds Flexi cap Nifty 500 Average Monthly Returns (5 years average) 1. 55% 1. 54% Stdev (5 Years) 4. 26% 4. 02% Beta 0. 95 1. 00 Sharpe Ratios 0. 22 0. 23 Alpha 0. 05% NA Treynor Ratios 0. 99% 0. 94% Flexi cap Nifty 500 1 Year average (Annual returns) 18. 46% 16. 51% 2 Year Average (Annual returns) 15. 62% 12. 71% 3 Year Average (Annual returns) 15. 54% 12. 57% Weightage Average Annual Rolling return 16. 54% 13. 93% Rolling returns (Jul 2013 -Jul 18)

Key Features & Characteristics – Super Value Portfolio Manager: Mr Gaurav Aggarwal Portfolio Category: Equity Growth Blend Value Large Medium Small Investment Objective 3 years & above Investment Horizons 3 years & above Number of stocks 25 -30 stocks and Liquid Funds Maximum exposure to a stock 15% of the portfolio Maximum exposure to a sector 25% of the portfolio Reference / Benchmark index Nifty 50 Minimum Investment Amount Min INR 2. 5 million per PMS account and Min INR 1. 0 million per strategy Product Suitability - For Investor Looking for out performance to large cap Index in a consistent and sustainable manner

Portfolio Details – Super Value Portfolio Holdings (Top 10) Dabur India Ltd. 9. 56% Grindwell Norton Ltd 7. 80% Dr. Lal Path Labs Ltd. 6. 14% L&T Finance Holdings Ltd. 5. 81% Amara Raja Batteries Ltd. 5. 63% Quick Heal Technologies Limited 5. 46% Capital First Ltd. 5. 44% ICICI Pru. Life Insurance Co. Ltd 4. 81% ICICI Lombard Gen Insurance Company Ltd. 4. 80% Apollo Tyres Ltd. 4. 52% Asset Allocation Price Multiples TTM P / E 28. 1 x TTM EV / EBITDA 20. 0 x TTM EV / Sales % Weight 4. 3 x Large Cap 25. 0% Mid Cap 41. 7% Cash Balance 13. 1% Mutual funds 2. 0% Small Cap 18. 2%

Performance – Super Value India Super Value vs CNX Mid Cap 27. 52% 30. 00% 21. 88% 25. 00% 13. 32% 15. 00% 12. 91% 9. 12% 5. 54% 10. 00% 5. 00% 18. 14% 17. 80% 20. 00% 5. 36% 2. 88% 3. 19% 5. 47% 0. 00% -0. 04% -5. 00% -10. 00% -4. 64% 1 Month 3 Months 6 Months 1 Year 2 Years RH Super Value Mid & Small Cap Scheme 3 Years 5 Years CNX Midcap Index Growth of Rs. 100 invested in Super Value Portfolio & CNX Mid Cap Index 400. 0 350. 0 300. 0 250. 0 200. 0 150. 0 100. 0 50. 0 -13 Aug 14 Jan- 14 Jun- 4 -1 Nov -15 Apr -15 Sep -16 Feb 6 Jul-1 RH Super Value Mid & Small Cap Scheme -16 Dec CNX Midcap Index -17 May -17 Oct -18 Mar -18 Aug

Risk & Performance Ratios – Super Value Risk & Return Metrics Factors/Funds RH Super Value CNX Mid Cap Average Monthly Returns (5 years average) 1. 79% 2. 16% Stdev ( 5 Years) 5. 09% 4. 92% Beta 0. 89 1. 00 Sharpe Ratios 0. 23 0. 32 Alpha -0. 20% NA Treynor Ratios 1. 33% 1. 56% RH Super Value CNX Mid Cap 1 Year average (Annual returns) 21. 54% 26. 29% 2 Year Average (Annual returns) 16. 07% 21. 42% 3 Year Average (Annual returns) 15. 84% 21. 28% Weightage Average Annual Rolling return 17. 81% 23. 00% Rolling returns (Jul 2013 -Jul 18)

Key Features & Characteristics – Under-Served Portfolio Manager: Mr Piyush Sharma Portfolio Category: Equity Growth Blend Value Large Medium Small Investment Objective 3 years & above Investment Horizons 3 years & above Number of stocks 25 -30 stocks and Liquid Funds Maximum exposure to a stock 15% of the portfolio Maximum exposure to a sector 25% of the portfolio Reference / Benchmark index Nifty 50 Minimum Investment Amount Min INR 2. 5 million per PMS account and Min INR 1. 0 million per strategy Product Suitability - For Investor Looking for out performance to large cap Index in a consistent and sustainable manner

Portfolio Details – Under-Served Portfolio Holdings (Top 10) JK Paper 16. 43% ENIL 10. 61% Wonderla Holidays 7. 99% PVR Ltd. 7. 78% Zensar Technologies 6. 87% MMFS 5. 95% Dr. Lal Path Labs 5. 71% Virinchi Ltd 3. 83% FIEM Industries 3. 60% Info Edge 3. 10% Asset Allocation Price Multiples TTM P / E NA TTM EV / EBITDA NA TTM EV / Sales % Weight NA Large Cap 0. 0% Mid Cap 29. 4% Small Cap 51. 3% Cash Balance 19. 3% Mutual funds 0. 0%

Performance India Underserved Portfolio vs BSE 500 21. 94% 25. 00% 20. 00% 15. 71% 15. 14% 15. 00% 10. 00% 14. 57% 14. 67% 11. 08% 3. 47% 8. 01% 7. 32% 6. 69% 1 Month 7. 35% 4. 58% 3. 41% 5. 00% 0. 00% 18. 88% 3 Months 6 Months 1 Year India Underserved Portfolio 2 Years 3 Years 5 Years BSE 500 Growth of Rs. 100 invested in India Underserved Portfolio & BSE 500 Index 300. 0 250. 0 200. 0 150. 0 100. 0 50. 0 -13 Aug 14 Jan- Jun- 14 4 -1 Nov -15 Apr -15 Sep -16 Feb India Underserved Portfolio 6 Jul-1 BSE 500 -16 Dec -17 May Oct -17 -18 Mar -18 Aug

Risk & Performance Ratios – India Underserved Portfolio Risk & Return Metrics Factors/Funds India Underserved Portfolio BSE 500 Average Monthly Returns (5 years average) 1. 76% 1. 53% Stdev (5 Years) 4. 41% 4. 04% Beta 0. 84 1. 00 Sharpe Ratios 0. 26 0. 23 Alpha 0. 38% NA Treynor Ratios 1. 38% 0. 93% India Underserved Portfolio BSE 500 1 Year average (Annual returns) 19. 29% 16. 39% 2 Year Average (Annual returns) 18. 38% 12. 56% 3 Year Average (Annual returns) 18. 34% 12. 42% Weightage Average Annual Rolling return 18. 67% 13. 79% Rolling returns (Jul 2013 -Jul 18)