For CY17 YTD, equity AUM is up 51% against Nifty’s
rise of 26%
Equity Incl. ELSS AUM (INR b)
Nifty Index
AUM CAGR 31%
Nifty CAGR 12%
10,335
8,283
7,946
8,186
Equity AUM (+7.4% MoM) at a new
high; quickest INR1t jump
INR7.1t
7,080
5,905
6,304
3,195
1,827
CY13
CY14
CY15
CY16
CY17YTD
4,057
4,697
INR160b
Net inflows toward equity in
October down 15% MoM
1,918
CY12
Deven Mistry – Research analyst
(Deven@MotilalOswal.com); +91 22 3982 5440
Investors are advised to refer to important disclosures made at the last page of the Research Report
November 2017

SUMMARY: Equity AUM witnesses quickest INR1t jump
Key observations
Domestic MFs maintained their positive momentum in October, with equity AUM touching a new high of INR7.1t (+7.4% MoM) in the month – also
marking the quickest INR1t jump.
The increase in equity AUM was led by a rise in market indices (Nifty up 5.6% MoM). While gross inflows declined 13% MoM to INR299b,
redemptions fell 10% MoM to INR139b. Consequently, net inflows decreased from INR189b in September to INR160b in October.
Total AUM of the MF industry rose 5% MoM in October to touch a new high of INR21.4t. This rise was primarily led by an increase in AUM of equity
funds (INR488b), income funds (INR458b) and balanced funds (INR126b).
Equity AUM, as a percentage of total AUM, rose 80bp MoM to 33.1% in October. Equity AUM accounts for 4.9% of India’s market capitalization.
Some interesting facts
The month saw a
notable change in sector and stock allocation of funds.
On an MoM basis, the weight of PSU Banks, Oil & Gas, Telecom, Consumer,
Infrastructure and Real Estate increased, while that of Private Financials, Technology and Metals showed signs of moderation.
Global Cyclicals’ weight rose 20bp MoM to 10.6%,
as the weight of Oil & Gas increased from 6.7% in September to 7% in October, while that of Metals
moderated for the second consecutive month in October. Defensives’ weight remained stable at 23.9%.
In the last 12 months,
the weight of Technology has decreased sharply by 120bp to 6.3%
in October. As a result,
Technology has fallen to the ninth
position in sector allocation
of mutual funds – it was at the fifth position 12 months ago.
Of the top 10 stocks in terms of value increase MoM, four were
from Banks.
SBI saw a value increase of INR32.8b in October,
as the stock was
up 20.5%. Notably, the stock saw net selling by 14 funds out of the
top 20 funds.
HDFC Bank was also one of the preferred stocks
among MFs in
October, with net buying by 14 funds. Value increased by INR11.9b,
despite the stock remaining flat during the month.
Coal India,
one of the least preferred stocks among MFs in October,
saw net selling by 13 funds. Value decreased by INR3.4b, despite the
stock gaining 5.8% in the month.
Equity AUM touched a new high of INR7.1t; quickest INR1t jump
Equity AUM Incl. ELSS (INR t)
5.20
4.03
6.29
7.08
Fund Folio: Indian Mutual Fund Tracker | November 2017
2

SUMMARY: Equity AUM witnesses quickest INR1t jump
Key interesting charts
Total AUM touched a new high, the quickest INR1t jump since Feb-15
Total AUM (INR t)
Equity schemes contribute 41% of inflows in CY17 YTD
12.0
11.8
13.2
14.2
15.2
16.3
17.4
19.3
20.6
21.4
1,159
668
615
206
190
Total net inflows of INR
2,824b in CY17 YTD
2
-3
-6
Gold
ETF
-7
GILT
Equity Balanced Income
Incl ELSS
Other
ETFs
Liquid
Infra
Debt
Fund
FOF
Global Cyclicals’ weight rose by 20bp MoM to 10.6%,
led by an increase in the weight of Oil & Gas
Global cyclicals
10.5 10.4
9.6
9.4 9.6 9.5 9.3
8.9 9.1
7.7
8.0 8.1
Weights for Technology and Healthcare declined by 120bp and 160bp, respectively, in
the last 12 months
8.8
Technology
8.3
7.6
6.8
8.1
8.5
8.1
7.5
7.7
7.3
6.6
6.7 6.6
6.5 6.6
6.7
6.1
6.4 6.3
6.5
Healthcare
10.6
7.5
8.4
8.0
6.6
6.5
6.3
Fund Folio: Indian Mutual Fund Tracker | November 2017
3

Contents
AUM:
Equity AUM touches a new high – up 7.4% MoM to INR7.1t in October
Flows:
Net inflows decline 15% MoM to INR160b in October
Top-20 funds:
Equity value up 8.6% MoM and 58.3% YoY
Sector-wise weight:
MoM increase seen in PSU Banks, Oil and Telecom
Sectoral allocation of funds:
Capital Goods, Cement, Healthcare over-owned
Nifty-50 snapshot:
MFs net buyers in 62% of the stocks
Top schemes and NAV change:
52% of top-25 schemes outperformed market
Funds snapshot:
Overview
About the product
Fund Folio
is a handbook on the
holdings of the top 20 domestic mutual
funds in India. This monthly report will
cover:
Trend in AUMs and flows
Sector allocation by funds
Top schemes and NAV chg.
Value surprise:
Maximum MoM change in SBI, Reliance Ind., Bharti Airtel and ICICI Bk
Stock-wise holding change
Aditya Birla Sun Life
Axis
BNP Paribas
Canara Robeco
DSP BlackRock
Franklin Templeton
HDFC
ICICI Prudential
IDFC
Invesco
Kotak Mahindra
L&T
Mirae Asset
Motilal Oswal
Principal
Reliance
SBI
Sundaram
Tata
UTI
Fund-wise snapshot on top holdings
Notes:
This report covers only the top 20 mutual
funds by exposure to equity
All aggregates pertain only to the funds
listed in this report
Sectors are as defined by MOSL Research
Source: AMFI, NAVIndia
Fund Folio: Indian Mutual Fund Tracker | November 2017
4

AUM:
Equity AUM touches a new high – up 7.4% MoM to INR7.1t in October
Equity AUM of the MF industry grew 7.4% MoM to INR7.1t in October, touching a new high and also marking the quickest INR1t jump. The increase
in equity AUM was led by a rise in market indices (Nifty up 5.6% MoM). While gross inflows declined 13% MoM to INR299b, redemptions fell 10%
MoM to INR139b. Consequently, net inflows decreased from INR189b in September to INR160b in October.
Total AUM of the MF industry rose 5% MoM in October to touch a new high of INR21.4t. This rise was primarily led by an increase in AUM of equity
funds (INR488b), income funds (INR458b) and balanced funds (INR126b).
Equity AUM, as a percentage of total AUM, rose 80bp MoM to 33.1% in October. Equity AUM accounts for 4.9% of India’s market capitalization.
Trend in equity AUM and % of market capitalization
21.4
37
32
27
22
17
7.8
6.1
4.4
2.7
1.0
Equity AUM Incl. ELSS (INR t)
% to Mktcap - RHS
Trend in total AUM and equity AUM (as % of total)
25
20
15
10
5
9.0 10.1
11.812.0
13.2
14.2
Total AUM (INR t)
Equity as % to total AUM - RHS
19.3
16.3 17.4
15.2
20.6
6.3 7.1
5.3
4.6
3.9
3.2
2.5
5.2
3.1
4.0
What drove total AUM in October (INR b)
488
458
126
49
0
-0
-0
-1
-110
21,413
What drove equity AUM in October (INR b)
299
-139
328
7,080
20,403
6,592
Sep-17 Equity IncomeBalanced Other Infra
FOF
Incl ELSS
ETFs Debt Fund
GILT
Gold
ETF
Liquid Oct-17
Sep-17
Sales
Redemption
Capital
Appreciation
Oct-17
Fund Folio: Indian Mutual Fund Tracker | November 2017
5

Flows:
Net inflows decline 15% MoM to INR160b in October
Mutual funds’ gross inflows remained lower at INR299b (-13% MoM) in October; also redemptions fell 10% MoM to INR139b. Consequently, net
inflows fell 15% MoM to INR160b in the month.
Monthly trend of sales, redemptions and net amount raised by mutual funds (toward equity)
400
300
200
100
0
-100
-200
-300
Inflows in Equity Incl. ELSS (INR b)
Net Inflow/Outflow in Equity Incl. ELSS (INR b)
Redemptions in Equity Incl. ELSS (INR b)
299
160
Redemptions
fell 10%
MoM to
INR139b in
October
-139
Yearly trend of net inflows by mutual funds (toward equity)
Net Inflow/Outflow in Equity Incl. ELSS (INR b)
Yearly trend of sales and redemptions by mutual funds (toward equity)
Sale in Equity Incl. ELSS (INR b)
1,159
906
495
14
-158
CY07
CY08
CY09
CY10
CY11
77
-156
CY12
-104
CY13
CY14
CY15
CY16
CY17
YTD
549
Redemptions in Equity Incl. ELSS (INR b)
1,082
1,206
574
414
447
1,728 1,866
2,636
720
266
311
494
690
-816
CY07
-409
-481
CY09
-848
CY10
-498
CY11
-571
CY12
-551
CY13
-712
CY14
-822 -1,317
CY15
CY16
-1,477
CY17
YTD
CY08
Fund Folio: Indian Mutual Fund Tracker | November 2017
6

Sectoral allocation of funds:
Capital Goods, Cement, Healthcare over-owned
Top sectors where ownership of mutual funds vis-à-vis BSE-200 is at least 1% higher:
Capital Goods (17 funds over-owned), Cement (13 funds
over-owned), Healthcare (9 funds over-owned), Autos (9 funds over-owned) and Metals (5 funds over-owned).
Top sectors where ownership of mutual funds vis-à-vis BSE-200 is at least 1% lower:
Consumer (17 funds under-owned), Oil & Gas (17 funds
under-owned), Technology (17 funds under-owned), NBFCs (13 funds under-owned) and Telecom (13 funds under-owned).
Sector-wise allocation of funds v/s BSE-200 (%)
Sector
BSE
200
Aditya
BNP Canara
DSP
Franklin
ICICI
Kotak
Birla
Axis
HDFC
IDFC Invesco
Paribas Robeco BlackRock Templeton
Pru
Mahindra
Sun Life
L&T
Mirae
Motilal
Principal Reliance
Oswal
SBI
Sundaram TATA UTI
Auto
Banks PVT
Banks PSU
Cap Goods
Cement
Chemicals
Consumer
Healthcare
Infra
Media
Metals
NBFC
Oil & Gas
Real Estate
Retail
Technology
Telecom
Textiles
Utilities
10.3
18.0
3.2
4.6
2.2
1.2
10.7
5.4
0.9
0.8
4.0
10.7
10.4
0.3
0.8
8.8
2.0
0.4
3.3
9.5
16.5
2.4
6.3
3.8
3.5
10.5
6.5
1.0
1.6
5.2
11.8
7.8
0.2
0.7
5.0
0.7
0.4
2.3
18.6
16.8
0.5
7.0
2.8
5.0
7.5
4.6
0.1
0.1
0.2
18.6
1.8
0.0
2.9
5.0
0.5
2.0
1.9
4.8
20.3
1.9
8.7
4.2
5.4
6.0
2.0
3.9
4.6
6.1
8.1
5.5
0.4
2.1
1.6
3.8
1.5
2.2
11.9
14.1
0.6
8.4
4.6
7.3
12.0
5.6
0.9
1.6
0.0
8.7
7.2
0.3
0.7
2.5
0.1
2.1
4.1
9.4
14.9
2.4
9.1
3.9
7.3
4.6
4.9
2.0
1.0
6.6
8.9
9.0
0.7
0.6
1.0
0.0
4.0
0.9
12.8
23.4
3.5
5.1
3.0
2.2
6.0
7.6
1.1
1.1
1.3
3.1
5.3
1.4
1.8
6.4
3.9
1.3
3.3
5.5 9.4
12.0 14.3
15.9 14.7 10.7 17.8
11.3 4.6
2.2 2.0
11.7 6.7 10.3 7.0
1.5 1.4
3.6
1.3
3.9 2.8 3.8 3.2
2.7 7.1 5.5 6.0
5.0
8.7 6.5
4.6
2.4
1.2 1.4 1.7
1.1 0.7 1.4 0.8
4.2 4.0 4.6 2.8
4.6 6.9 9.9 9.8
6.1 6.7 4.3 10.3
0.5 0.3 1.2 0.4
1.0 0.4
2.8
1.2
8.6
10.1
1.8 5.3
0.7 2.1 1.2 0.1
0.5 0.1
2.5
0.2
6.2 6.6
2.3 1.5
10.8
23.0
4.9
6.4
5.0
3.1
5.8
5.0
0.4
1.1
1.8
10.9
9.5
0.6
0.8
2.7
0.5
1.3
1.1
6.9
12.7
2.7
10.7
6.4
4.9
5.0
5.0
0.8
0.8
5.0
7.2
5.7
4.3
3.0
3.7
2.4
2.4
0.4
9.3
20.7
2.8
7.0
4.1
2.9
7.5
8.5
1.0
5.0
4.4
7.5
0.0
5.8
0.5
3.3
1.1
14.3
16.8
0.0
1.2
0.4
1.0
9.2
8.1
0.0
0.0
0.0
19.7
14.7
0.0
0.3
0.7
0.0
0.5
0.0
9.3
13.4
4.1
6.5
6.7
6.6
9.4
5.6
1.3
1.3
4.1
7.3
6.4
0.4
4.5
0.8
2.2
2.4
8.7
15.2
6.0
11.4
4.0
3.6
3.7
7.4
1.5
1.3
4.4
7.2
6.8
0.6
1.2
4.9
1.0
1.1
2.4
9.0
18.3
3.5
6.4
2.4
2.9
8.6
7.1
0.9
0.6
2.8
10.9
8.7
0.0
0.5
6.3
2.8
0.8
2.2
11.5
7.4
2.2
11.0
6.3
8.4
9.8
3.2
2.5
2.1
1.0
9.0
3.8
0.5
1.3
4.1
0.5
3.8
1.5
12.3
17.1
1.2
7.3
5.9
2.1
7.0
4.8
3.1
3.3
2.9
6.4
6.7
0.5
2.3
4.7
0.0
0.9
3.9
13.9
17.8
1.3
5.4
3.6
3.1
8.2
6.8
0.7
0.6
2.9
7.6
7.1
0.4
0.7
9.9
0.5
1.0
2.7
Note:
Green box indicates over-ownership by +1% and orange box indicates under-ownership by -1% of a sector vis-a-vis BSE200 weight.
Fund Folio: Indian Mutual Fund Tracker | November 2017
7

Top-20 funds:
Equity value up 8.6% MoM and 58.3% YoY
Total equity value of the top-20 AMCs rose 8.6% MoM (+58.3% YoY) in October, as against the Nifty’s rise of 5.6% MoM (+19.8% YoY).
Among the top-10 funds, the highest MoM increase was seen in HDFC Mutual Fund (+11%), Reliance Mutual Fund (+10.2%), Kotak Mahindra Mutual
Fund (+9.5%), SBI Mutual Fund (+8.7%) and Aditya Birla Sun Life Mutual Fund (+8.4%).
Trend of top-20 mutual funds by equity value
Value (INR b)
MoM Change (%)
Oct-17
Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17
HDFC Mutual Fund
1217
-2.7
-0.3
8.1
4.2
5.9
5.6
3.7
ICICI Prudential Mutual Fund
1034
-1.0
-0.8
6.1
7.0
4.0
4.2
3.6
SBI Mutual Fund
956
-2.3
5.2
9.1
8.1
9.0
5.1
4.9
Reliance Mutual Fund
828
-3.0
-3.0
15.9
2.1
4.7
3.4
1.1
Aditya Birla Sun Life Mutual Fund
706
-4.3
0.5
10.0
8.1
8.0
5.3
4.1
UTI Mutual Fund
525
-3.9
0.6
6.3
4.0
4.8
2.8
1.2
Franklin Templeton Mutual Fund
486
-2.4
-0.5
6.6
3.6
4.7
3.5
2.4
Kotak Mahindra Mutual Fund
374
2.7
2.6
11.2
1.7
14.2
7.8
4.5
DSP BlackRock Mutual Fund
352
-4.3
2.3
7.5
6.8
10.0
8.0
4.5
AXIS Mutual Fund
259
-5.6
-3.7
7.6
5.8
5.7
8.0
2.7
L&T Mutual Fund
244
-1.1
-3.8
10.7
4.1
7.0
9.1
4.1
Sundaram Mutual Fund
162
-8.3
-1.5
8.5
5.1
6.8
8.5
2.3
IDFC Mutual Fund
156
-8.4
-1.6
6.8
6.9
0.9
5.2
-0.3
Motilal Oswal Mutual Fund
137
-2.4
-0.9
8.8
8.5
9.2
9.1
2.3
Tata Mutual Fund
132
-5.2
-0.5
7.1
0.9
2.8
4.5
0.1
Mirae Asset Mutual Fund
112
0.0
-0.2
10.0
8.0
8.2
8.4
6.1
Canara Robeco Mutual Fund
60
-3.1
-2.7
6.9
4.5
6.8
7.9
1.1
BNP Paribas Mutual Fund
37
-5.9
-3.2
6.8
3.2
2.8
9.9
0.3
PRINCIPAL Mutual Fund
35
-3.7
-2.8
6.6
4.0
5.9
6.7
4.0
Invesco Mutual Fund
31
-5.8
-0.8
4.0
3.3
5.9
7.2
1.7
Total of above
7,844
-2.9
-0.1
8.8
5.2
6.3
5.2
3.1
Nifty
10,335
-4.7
-0.5
4.6
3.7
3.3
1.4
3.4
Jun-17 July-17 Aug-17 Sep-17 Oct-17
2.2
8.4
0.7
0.8
11.0
2.1
6.3
2.9
1.0
6.9
3.4
7.8
2.4
2.6
8.7
1.1
6.9
0.4
2.1
10.2
4.1
6.4
2.1
4.9
8.4
-0.4
4.3
0.1
1.6
7.2
0.7
5.6
-2.2
-0.6
4.6
-1.8
14.4
3.3
8.9
9.5
2.0
6.8
0.1
1.3
8.0
3.5
7.5
6.3
2.5
6.5
6.1
10.7
3.0
3.6
14.4
1.7
7.1
0.0
4.3
6.9
0.4
9.3
2.8
3.9
8.8
5.9
11.4
8.8
5.3
6.9
0.0
4.7
0.1
1.0
6.9
4.7
7.6
3.6
4.4
9.5
2.6
6.6
2.1
0.1
8.5
0.7
5.7
0.5
-1.0
9.6
2.7
5.0
1.9
6.0
9.6
-4.6
8.1
1.9
3.3
11.4
2.0
7.3
1.6
2.3
8.6
-1.0
5.8
-1.6
-1.3
5.6
12M Chg
Cash
(INRb) (%) Holding (%)
447
58.1
2.3
349
51.0
11.5
440
85.3
5.6
271
48.7
4.1
301
74.3
4.6
128
32.2
3.8
108
28.6
7.7
198
112.0
7.4
140
66.2
4.2
94
56.7
5.8
116
91.2
5.1
53
48.4
5.9
44
39.1
4.7
69
101.3
0.8
26
24.0
3.2
55
96.6
2.4
20
48.6
2.5
9
31.8
9.5
13
55.5
4.5
9
40.3
6.3
2,889 58.3
5.1
19.8
Note:
Equity Value represent equity exposure for all schemes of Mutual Fund, having exposure in balanced or any other category.
Cash is derived by deducting equity AUM from total AUM; Only equity growth schemes have been considered for cash.
Fund Folio: Indian Mutual Fund Tracker | November 2017
8

Sector-wise weight:
MoM increase seen in PSU Banks, Oil and Telecom
In October, MFs showed interest in PSU Banks, Oil & Gas, Telecom, Consumer, Infrastructure and Real Estate—these sectors saw an MoM increase in
weight. Private Financials, Technology and Metals saw an MoM decrease in weight.
Private Banks (16.7%) had the top sector holding in October, followed by Auto (9.7%), NBFCs (8.3%) and Capital Goods (8.0%).
All sectors witnessed an increase in value on an MoM basis. Highest increase were seen in Telecom, Real Estate and PSU Banks.
Sector allocation (%):
PSU Banks, Oil and Telecom see highest increase
Oct Weight (%)
Banks Private
Auto
NBFC
Capital Goods
Oil & Gas
Healthcare
Consumer
Technology
Banks Public
Chemicals
Metals
Utilities
Cement
Telecom
Infrastructure
Textiles
Media
Retail
Real Estate
3.6
3.6
3.3
3.1
1.4
1.3
1.1
1.0
1.0
0.5
-
-
0.2
0.1
Sector value change MoM (%):
Telecom
Real Estate
All sector witness increase in value
31.6
24.8
19.0
16.3
13.3
11.6
10.3
9.9
9.0
8.7
8.2
7.9
7.4
6.3
5.5
5.4
5.1
4.1
3.3
MFs v/s BSE-200 weight (%):
BSE 200 Weight (%)
Banks Private
NBFC
Consumer
Oil & Gas
Auto
Technology
Healthcare
Capital Goods
Metals
Utilities
Banks Public
Cement
Telecom
Chemicals
Infrastructure
Media
Retail
Textiles
Real Estate
6.4
Consumer u/w and Capital Goods o/w
MF Weight (%)
18.0
16.7
10.7
10.4
MoM Chg (pp)
16.7
9.7
8.3
8.0
7.0
6.5
6.4
6.3
4.6
-
-
0.3
Banks Public
Infrastructure
Oil & Gas
Chemicals
Consumer
Cement
Auto
Capital Goods
Healthcare
NBFC
Utilities
Textiles
Metals
Media
Retail
Banks Private
Technology
8.3
10.7
7.0
-
0.1
0.4
0.1
-
-
-
0.1
6.3
5.4
6.5
4.6
8.0
4.0
3.6
3.3
3.3
3.2
4.6
2.2
3.1
2.0
1.4
1.2
3.6
0.9
1.3
0.8
1.0
0.8
1.0
0.4
1.1
0.3
0.5
10.3
9.7
8.8
Fund Folio: Indian Mutual Fund Tracker | November 2017
9

Nifty-50 snapshot:
MFs net buyers in 62% of the stocks
Highest net buying in October on an MoM basis was witnessed in Axis Bank (+17%), Indiabulls Hsg Fin (+14.6%) and Bharti Airtel (+12.5%).
Company
Axis Bank
Indiabulls Hsg Fin
Bharti Airtel
Tata Motors
GAIL
Dr Reddys Labs.
HDFC
IOC
ITC
Yes Bank
Hero MotoCorp
Bajaj Finance
Sun Pharma
HPCL
TCS
Asian Paints
Bajaj Auto
ONGC
HDFC Bank
Eicher Motors
Zee Entertainmen
Wipro
L&T
M&M
HUL
Maruti Suzuki
Reliance Inds.
Power Grid
Tech Mahindra
HCL Tech.
Number of Funds
Value Oct- Value Chg Shares Oct- Shares Chg
Having Exposure
MoM (%)
17 (INR B) MoM (%)
17 (M)
>2%
<2%
117.7
20.2
225.0
17.0
5
14
10.6
18.1
8.5
14.6
16
77.0
43.6
154.8
12.5
3
17
66.5
16.7
155.3
9.4
1
19
88.2
20.6
189.6
8.6
20
33.4
13.1
13.8
8.4
18
161.8
5.6
94.8
7.8
8
12
71.1
9.9
171.1
5.9
1
19
153.9
7.5
579.2
4.5
7
13
79.1
-6.2
251.6
4.4
4
16
51.4
6.1
13.4
4.1
2
17
67.2
1.8
37.3
3.9
3
16
87.5
13.9
158.2
3.7
2
18
54.4
8.6
121.7
3.6
2
18
50.2
11.2
19.1
3.2
1
18
22.1
7.6
18.7
3.0
20
17.9
7.8
5.5
2.8
18
54.4
15.0
284.8
2.8
1
16
431.1
2.8
238.4
2.7
19
1
35.8
6.0
1.1
2.6
1
18
26.1
6.7
48.1
2.5
20
25.4
6.8
86.3
1.8
17
213.2
8.5
174.4
1.4
9
11
65.2
8.7
48.5
1.4
1
18
41.9
6.8
33.8
1.3
1
19
141.8
4.0
17.3
1.1
10
10
141.9
21.8
150.8
1.1
7
13
68.2
1.3
321.7
0.8
3
17
33.2
6.0
69.0
0.7
19
66.8
-1.7
78.1
0.4
1
18
Company
Aurobindo Pharma
Cipla
UltraTech Cement
NTPC
ICICI Bank
Kotak Mah. Bank
Ambuja Cements
IndusInd Bank
Infosys
Bharti Infratel
Tata Steel
SBI
Hindalco
UPL
Vedanta
BPCL
Lupin
Bosch
Adani Ports & SEZ
Coal India
Number of Funds
Value Oct- Value Chg Shares Oct- Shares Chg
Having Exposure
MoM (%)
17 (INR B) MoM (%)
17 (M)
>2%
<2%
65.2
10.3
85.8
0.3
1
18
44.2
6.9
70.4
-0.2
17
28.5
14.0
6.5
-0.2
19
92.7
7.3
511.3
-0.9
3
15
315.3
7.2
1,050.7
-1.2
15
5
123.5
1.0
120.5
-1.3
7
13
18.6
4.0
66.2
-1.6
19
112.1
-4.9
68.9
-1.7
8
12
209.8
-1.1
227.5
-3.4
8
12
7.8
7.0
17.6
-3.6
18
89.8
4.0
127.6
-3.6
4
15
247.6
15.3
809.7
-4.3
8
12
54.4
5.9
203.5
-4.7
18
39.5
-2.6
49.4
-5.1
19
60.2
-0.7
181.4
-6.0
1
18
42.7
7.4
78.9
-6.5
1
17
25.8
-5.8
25.1
-7.1
19
13.1
-6.4
0.6
-8.4
17
24.2
4.2
56.3
-8.8
1
17
24.7
-12.2
86.2
-17.0
16
MFs weight in Nifty (%)
OW/UW to Nifty(pp)
28.1
10.8 9.3
4.8
1.9
3.1
1.3
1.2
0.9
0.2
MFs Weight in Nifty (%)
9.2 6.1 5.9 5.7
5.2 5.1 4.9 4.4
2.0 1.1 0.9 0.6 0.6
Fund Folio: Indian Mutual Fund Tracker | November 2017
10

Top schemes and NAV change:
52% of top-25 schemes outperformed market
Among the top-25 schemes by AUM, the top schemes registering the highest rise are:
Reliance Tax Saver (ELSS) Fund (+9% MoM change in NAV),
Franklin India High Growth Companies Fund (+8.9% MoM change in NAV), HDFC Equity Fund (+8.8% MoM change in NAV), HDFC Tax Saver Fund
(+8.6% MoM change in NAV) and Reliance Growth Fund (+8.2% MoM change in NAV).
Top schemes by AUM
Scheme Name
HDFC Equity Fund - (G)
Aditya Birla SL Frontline Equity Fund (G)
HDFC Mid-Cap Opportunities Fund (G)
ICICI Pru Value Discovery Fund (G)
SBI BlueChip Fund (G)
HDFC Top 200 Fund (G)
ICICI Pru Focused Bluechip Equity Fund (G)
AXIS Long Term Equity Fund (G)
Kotak Select Focus Fund (G)
Franklin India Prima Plus - (G)
Reliance Equity Opportunities Fund (G)
Reliance Tax Saver (ELSS) Fund - (G)
Motilal Oswal Most Focused Multicap 35 Fund (G)
Franklin India Bluechip Fund - (G)
ICICI Pru Dynamic Plan (G)
Aditya Birla SL Equity Fund (G)
Franklin India High Growth Companies Fund (G)
Reliance Growth Fund - (G)
HDFC Tax Saver Fund (G)
Franklin India Smaller Companies Fund (G)
Franklin India Prima Fund - (G)
SBI Magnum Tax Gain Scheme (G)
DSP BR Micro-Cap Fund (G)
L&T India Value Fund (G)
IDFC Premier Equity Fund (G)
Total AUM (INR B) Equity AUM (INR B) MoM NAV Chg (%) 12M NAV Chg (%)
214
198
192
175
165
158
154
152
152
118
101
100
100
87
86
78
73
71
70
67
63
62
62
61
61
212
191
185
158
148
156
144
147
137
110
99
98
99
81
57
71
66
69
69
61
60
62
60
59
58
8.8
4.1
6.0
5.4
4.6
8.2
5.9
3.0
5.0
5.0
7.3
9.0
2.7
5.5
5.9
3.9
8.9
8.2
8.6
5.5
4.3
7.2
7.1
6.5
5.0
23.0
18.6
21.6
13.0
15.8
23.1
23.0
18.3
22.6
16.7
21.2
28.5
26.0
17.4
22.2
19.7
21.7
23.1
25.6
21.4
17.7
19.1
17.9
24.8
18.5
Note:
Equity growth schemes considered for this comparison
Fund Folio: Indian Mutual Fund Tracker | November 2017
11

Value surprise:
Maximum MoM change in SBI, Reliance Inds, Bharti Airtel and ICICI Bank
In October, four of the top-10 stocks that saw a maximum change in value were from Banks. SBI, Reliance Industries, Bharti Airtel, ICICI Bank and
Axis Bank saw a maximum value change on an MoM basis.
IndusInd Bank, Yes Bank, Coal India, Karur Vysya Bank and Infosys saw a maximum decline in value.
Top-10 stocks by change in value
Company
SBI
Reliance Inds
Bharti Airtel
ICICI Bank
Axis Bank
L&T
GAIL
HDFC Bank
ITC Ltd
Sun Pharma
Value Oct-17 (INR
B)
247.6
141.9
77.0
315.3
117.7
213.2
88.2
431.1
153.9
87.5
Value Chg MoM
(INR B)
32.8
25.4
23.4
21.2
19.8
16.7
15.1
11.9
10.8
10.7
Shares Chg MoM Shares Chg MoM Price Chg MoM
Value Chg MoM
Shares Oct-17 (M)
(%)
(M)
(%)
(%)
15.3
809.7
-36.5
-4.3
20.5
21.8
150.8
1.6
1.1
20.3
43.6
154.8
17.2
12.5
28.0
7.2
1,050.7
-12.7
-1.2
8.3
20.2
225.0
32.7
17.0
2.8
8.5
174.4
2.4
1.4
7.0
20.6
189.6
15.0
8.6
10.9
2.8
238.4
6.2
2.7
0.3
7.5
579.2
25.1
4.5
3.0
13.9
158.2
5.6
3.7
10.0
% AUM
3.2
1.8
1.0
4.0
1.5
2.7
1.1
5.5
2.0
1.1
Bottom-10 stocks by change in value
Company
IndusInd Bank
Yes Bank
Coal India
Karur Vysya Bank
Infosys
Lupin
Bajaj Finserv
HCL Tech.
UPL
Colgate-Palmolive
Value Oct-17 (INR
B)
112.1
79.1
24.7
11.9
209.8
25.8
31.4
66.8
39.5
11.1
Value Chg MoM
(INR B)
-5.8
-5.3
-3.4
-2.6
-2.3
-1.6
-1.2
-1.2
-1.1
-1.0
Value Chg MoM
Shares Chg MoM Shares Chg MoM Price Chg MoM
Shares Oct-17 (M)
(%)
(%)
(M)
(%)
-4.9
-6.2
-12.2
-18.0
-1.1
-5.8
-3.8
-1.7
-2.6
-8.2
68.9
251.6
86.2
93.9
227.5
25.1
6.3
78.1
49.4
10.4
-1.2
10.7
-17.7
-14.1
-8.1
-1.9
-0.1
0.3
-2.7
-0.9
-1.7
4.4
-17.0
-13.1
-3.4
-7.1
-1.0
0.4
-5.1
-8.0
-3.1
-10.2
5.8
-5.6
2.5
1.4
-2.4
-2.2
2.8
0.5
% AUM
1.4
1.0
0.3
0.2
2.7
0.3
0.4
0.9
0.5
0.1
Fund Folio: Indian Mutual Fund Tracker | November 2017
12

HDFC
ICICI Prudential
SBI
Reliance
Aditya Birla Sun Life
UTI
Franklin Templeton
Kotak Mahindra
DSP BlackRock
Axis
L&T
Sundaram
IDFC
Motilal Oswal
Tata
Mirae Asset
Canara Robeco
BNP Paribas
Principal
Invesco
Fund Folio: Indian Mutual Fund Tracker | November 2017
IN ORDER OF EQUITY AUM, CLICK ON THE FUND NAME FOR DETAILS
FUNDS
SNAPSHOT
13

HDFC:
Equity AUM INR1217b
Top company holdings (%)
Oct-17
ICICI Bk
SBI
L&T
Infosys
HDFC Bk
Reliance Inds
Tata Steel
Aurobindo
NTPC
Power Grid
2.7
2.3
2.3
2.2
2.2
Chg MoM (pp)
6.4
0.1
6.1
0.3
5.6
-0.1
-0.4
4.9
-0.4
4.5
0.2
-0.2
0.0
0.0
-0.1
ICICI Prudential:
Equity AUM INR1034b
Top company holdings (%)
Oct-17
ICICI Bk
Infosys
HDFC Bk
L&T
SBI
Sun Pharma
NTPC
ITC
HDFC
Axis Bk
3.4
3.2
2.9
2.5
2.3
Chg MoM (pp)
4.9
0.1
4.6
4.3
4.2
4.1
0.0
0.3
0.1
0.2
0.1
-0.1
0.3
0.3
0.1
Weight (%)
Chg MoM (pp)
15.9
0.2
-0.3
11.7
11.3
8.6
6.2
6.1
6.1
5.0
4.6
4.2
1.1
-0.5
-0.2
-0.3
0.5
-0.1
0.0
-0.4
Weight (%)
Banks Pvt
Technology
Auto
Healthcare
Consumer
NBFC
Cap Goods
Oil & Gas
Utilities
Banks PSU
Back to
Snapshot
Top sector allocation (%)
Banks Pvt
Cap Goods
Banks PSU
Technology
Utilities
Auto
Oil & Gas
Healthcare
NBFC
Metals
Top sector allocation (%)
Chg MoM (pp)
14.7
10.1
9.4
8.7
7.1
6.9
6.7
6.7
6.6
4.6
0.2
0.0
0.0
-0.1
0.3
0.0
0.1
-0.1
-0.3
0.1
Top change by market value
Company
SBI
Axis Bank
ICICI Bank
Larsen & Toubro
GAIL (India)
Reliance Inds
PNB
BOB
Tata Chemicals
Canara Bank
Mkt Value Shares Chg
Chg (INR b)
('000)
10.84
-6,785
9.19
16,770
8.72
9,459
5.85
1,213
5.83
8,569
5.55
-106
5.13
-6,800
3.24
-623
2.58
2,604
2.51
-398
Top change in weight (%)
Company
Axis Bank
GAIL (India)
SBI
PNB
Reliance Inds
Tata Chemicals
RBL Bank
Bharti Airtel
BOB
Canara Bank
Chg MoM Current
(pp)
Weight
0.62
2.00
0.33
1.85
0.32
6.08
0.31
1.43
0.21
2.72
0.17
0.61
0.15
0.17
0.15
0.40
0.14
1.44
0.13
0.90
Top change by market value
Company
HDFC Bank
SBI
HDFC
ITC
ICICI Bank
Bharti Airtel
L&T
Sun Pharma
Infosys
ONGC
Mkt Value Shares Chg
Chg (INR b)
('000)
5.33
2,912
5.02
-8,416
4.58
2,932
4.57
14,475
4.01
267
3.60
-1,456
3.46
531
3.30
234
3.18
2,274
3.17
5,083
Top change in weight (%)
Company
HDFC
ITC
HDFC Bank
Bharti Airtel
SBI
ONGC
Apollo Tyres
NLC India
HCL Tech
Sun Pharma
Chg MoM Current
(pp)
Weight
2.49
2.19
2.88
2.61
4.27
4.01
1.86
1.62
4.07
3.83
2.11
1.93
0.48
0.32
0.11
0.00
2.12
2.01
3.43
3.32
Top scheme by NAV change
Scheme Name
HDFC Infrastructure Fund (G)
HDFC Small Cap Fund (G)
HDFC Equity Fund - (G)
HDFC Tax Saver Fund (G)
HDFC Growth Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
13.4
13.4
15.1
15.2
14.0
9.1
213.6
212.0
8.8
70.5
68.6
8.6
11.9
11.5
8.3
Top scheme by NAV change
Scheme Name
ICICI Pru Infrastructure Fund - (G)
ICICI Pru MidCap Fund (G)
ICICI Pru Top 100 Fund - (G)
ICICI Pru Select Large Cap Fund (G)
ICICI Pru Multicap Fund - (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
17.1
16.5
9.8
14.1
12.7
8.2
29.1
28.2
7.3
6.7
6.1
6.5
29.6
28.0
6.0
Fund Folio: Indian Mutual Fund Tracker | November 2017
14

SBI:
Equity AUM INR956b
Top company holdings (%)
Oct-17
HDFC Bk
Reliance Inds
ICICI Bk
HDFC
ITC
SBI
Kotak Mah. Bk
L&T
Bharti Airtel
Infosys
4.3
4.1
3.5
3.4
3.3
3.2
2.5
2.2
2.1
Chg MoM (pp)
7.8
-0.5
0.5
0.1
-0.5
-0.1
0.3
-0.2
0.0
0.4
0.0
Reliance:
Equity AUM INR828b
Top sector allocation (%)
Weight (%)
Banks Pvt
NBFC
Auto
Oil & Gas
Consumer
Healthcare
Cap Goods
Technology
Banks PSU
Chemicals
Chg MoM (pp)
HDFC Bk
SBI
ICICI Bk
Infosys
Tata…
IOCL
Axis Bk
L&T
TVS…
ONGC
2.5
2.1
2.1
1.9
1.9
1.7
1.6
18.3
-0.8
10.9
-0.6
0.0
9.0
0.5
8.7
0.0
8.6
-0.3
7.1
0.1
6.4
0.1
6.3
0.5
3.5
2.9
-0.1
Back to
Snapshot
Top company holdings (%)
Oct-17
Chg MoM (pp)
5.1
4.8
4.3
-0.6
0.3
0.0
-0.9
-0.2
0.0
0.3
0.1
0.0
0.1
Top sector allocation (%)
Weight (%)
Banks Pvt
Cap Goods
Auto
Healthcare
NBFC
Oil & Gas
Banks PSU
Technology
Metals
Cement
Chg MoM (pp)
15.2
-0.7
0.1
11.4
0.5
8.7
-0.1
7.4
0.8
0.1
0.1
-1.2
0.0
-0.1
7.2
6.8
6.0
4.9
4.4
4.0
Top change by market value
Company
Reliance Inds
SBI
Bharti Airtel
ICICI Bank
Larsen & Toubro
HDFC Bank
Infosys
SBI Life Insurance
Hindalco Inds
ITC
Mkt Value Shares Chg
Chg (INR b)
('000)
7.87
1,105
5.35
-58
4.95
835
4.27
4,482
2.06
436
1.67
853
1.66
1,311
1.65
2,602
1.51
2,304
1.50
2,302
Top change in weight (%)
Chg MoM Current
Weight
(pp)
Reliance Inds
0.52
4.32
Bharti Airtel
0.37
2.23
SBI
0.32
3.30
SBI Life Insurance
0.16
0.31
Prataap Snacks
0.15
0.17
NLC India
0.14
0.14
ICICI Bank
0.13
4.06
NALCO
0.13
0.14
Indian Energy Exchg
0.12
0.12
eClerx Services
0.12
0.24
Company
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
3.5
3.3
8.7
6.1
5.5
8.5
62.4
62.0
7.2
20.7
20.3
6.8
18.5
17.5
6.5
Top change by market value
Company
SBI
Tata Motors
Axis Bank
ICICI Bank
SBI Life Insurance
Bharti Airtel
Bharat Financial
HDFC
Cyient
Larsen & Toubro
Mkt Value Shares Chg
Chg (INR b)
('000)
6.06
-2,954
4.03
8,641
3.69
6,408
3.64
3,144
3.35
5,130
3.05
4,692
2.86
2,852
2.85
1,730
2.76
5,034
2.53
1,332
Top change in weight (%)
Company
Tata Motors
SBI Life Insurance
Bharti Airtel
Cyient
Bharat Financial
SBI
Axis Bank
HDFC
NLC India
NALCO
Chg MoM Current
(pp)
Weight
0.43
1.08
0.39
0.51
0.34
0.68
0.33
0.41
0.31
0.67
0.31
4.84
0.30
1.91
0.28
0.95
0.28
0.29
0.19
0.29
Top scheme by NAV change
Scheme Name
SBI Magnum Comma Fund (G)
SBI Infrastructure Fund (G)
SBI Magnum Tax Gain Scheme (G)
SBI Magnum Multiplier Fund (G)
SBI Contra Fund (G)
Top scheme by NAV change
Scheme Name
Reliance Small Cap Fund (G)
Reliance Tax Saver (ELSS) Fund - (G)
Reliance Mid & Small Cap Fund (G)
Reliance Growth Fund - (G)
Reliance Vision Fund - (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
51.4
47.7
9.4
99.8
98.0
9.0
33.1
31.5
8.6
71.0
68.8
8.2
35.1
34.4
7.5
Fund Folio: Indian Mutual Fund Tracker | November 2017
15

Aditya Birla Sun Life:
Equity AUM INR706b
UTI:
Equity AUM INR525b
Top company holdings (%)
Oct-17
HDFC Bk
ICICI Bk
Infosys
Maruti Suzuki
IndusInd Bk
ITC
TCS
Reliance Inds
HDFC
Sun Pharma
3.8
3.7
3.2
2.7
2.7
2.2
1.8
1.8
1.7
Chg MoM (pp)
6.1
-0.4
-0.3
-0.2
-0.1
-0.3
-0.1
0.0
0.2
-0.1
0.1
Banks Pvt
Auto
Technology
Consumer
NBFC
Oil & Gas
Healthcare
Cap Goods
Cement
Metals
Weight (%)
Back to
Snapshot
Top sector allocation (%)
Chg MoM (pp)
17.8
-1.3
0.0
14.1
0.0
9.9
-0.1
8.2
0.3
7.6
0.2
7.1
0.2
6.8
-0.1
5.4
-0.2
3.6
0.2
2.9
Top change by market value
Company
Reliance Inds
General Ins. Corp.
Bharti Airtel
Sun Pharma
GAIL
TCS
NALCO
Tata Motors
Bajaj Finserv
Concor
Mkt Value Shares Chg
Chg (INR b)
('000)
1.82
213
1.50
1,743
1.08
1,528
0.94
265
0.88
523
0.87
19
0.80
5,609
0.77
758
0.73
155
0.73
446
Top change in weight (%)
Company
General Ins. Corp.
Reliance Inds
Bharti Airtel
NALCO
Tata Motors-DVR
Bajaj Finserv
Bharat Financial
Cipla
Dewan Hsg Fin
GAIL
Chg MoM Current
Weight
(pp)
0.29
0.29
0.24
1.85
0.19
0.42
0.14
0.37
0.12
0.32
0.12
0.44
0.11
0.11
0.11
0.50
0.09
0.24
0.09
1.26
Top scheme by NAV change
Scheme Name
Aditya Birla SL Pure Value Fund (G)
Aditya Birla SL Small & Midcap Fund (G)
Aditya Birla SL Infrastructure Fund - (G)
Aditya Birla SL Manufacturing Equity Fund (G)
Aditya Birla SL Midcap Fund - (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
20.2
19.7
10.5
13.8
12.0
9.9
6.6
6.3
7.3
8.2
8.2
6.9
23.9
22.5
6.3
Top scheme by NAV change
Scheme Name
UTI-Mid Cap Fund (G)
UTI-Long Term Equity Fund (G)
UTI-Infrastructure Fund (G)
UTI-Multi Cap Fund (G)
UTI-Dividend Yield Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
41.7
39.9
9.7
9.6
9.3
7.8
16.9
16.8
6.6
4.0
4.0
6.5
28.1
27.8
6.4
Fund Folio: Indian Mutual Fund Tracker | November 2017
16

Franklin:
Equity AUM INR486b
Top company holdings (%)
Oct-17
HDFC Bk
Axis Bk
ICICI Bk
Bharti Airtel
SBI
Yes Bank
Infosys
M&M
NTPC
Tata Mot-DVR
Chg MoM (pp)
8.1
-0.3
0.5
4.2
0.0
3.7
0.5
3.3
Kotak Mahindra
:
Equity AUM INR374b
Top company holdings (%)
Oct-17
HDFC Bk
ICICI Bk
SBI
Reliance Inds
IndusInd Bk
HDFC
Hero Moto
ITC
Axis Bk
Maruti Suzuki
Chg MoM (pp)
-0.7
7.4
-0.8
4.0
-0.4
3.6
-0.1
-0.4
0.2
0.0
-0.2
0.0
-0.1
Weight (%)
Chg MoM (pp)
23.4
-1.1
12.8
7.6
6.4
6.0
5.3
5.1
3.9
3.5
3.3
-0.1
0.1
-0.2
0.1
0.3
0.1
0.5
-0.3
-0.1
Weight (%)
Banks Pvt
NBFC
Auto
Oil & Gas
Cap Goods
Consumer
Cement
Healthcare
Banks PSU
Chemicals
5.8
5.0
5.0
4.9
3.1
6.4
Back to
Snapshot
Top sector allocation (%)
Banks Pvt
Auto
Healthcare
Technology
Consumer
Oil & Gas
Cap Goods
Telecom
Banks PSU
Utilities
Top sector allocation (%)
Chg MoM (pp)
23.0
-1.3
1.0
10.9
10.8
9.5
0.7
3.2
3.0
2.4
2.2
2.1
1.9
-0.1
-0.5
0.0
0.1
0.1
0.1
3.2
3.1
2.9
2.7
2.1
2.0
2.0
-0.6
0.2
0.3
-0.1
-0.1
-0.5
0.1
Top change by market value
Company
Axis Bank
Bharti Airtel
M&M
Oberoi Realty
United Breweries
BPCL
ICICI Bank
Dr Lal Pathlabs
Sobha
HDFC
Mkt Value Shares Chg
Chg (INR b)
('000)
3.04
4,880
2.87
-1,622
1.09
301
1.09
2,287
1.01
-250
0.97
52
0.92
-1,844
0.86
1,181
0.82
-48
0.80
473
Top change in weight (%)
Company
Bharti Airtel
Axis Bank
Oberoi Realty
United Breweries
Dr Lal Pathlabs
HDFC
Sobha
BASF India
BPCL
M&M
Chg MoM Current
(pp)
Weight
0.47
3.32
0.46
4.23
0.22
0.23
0.16
1.25
0.16
0.55
0.16
0.30
0.14
0.73
0.14
0.14
0.14
1.50
0.13
2.18
Top change by market value
Company
HDFC
Yes Bank
Federal Bank
ICICI Lombard Gen
Bajaj Finance
RBL Bank
Tata Steel
Indiabulls Hsg Fin
Titan Company
Axis Bank
Mkt Value Shares Chg
Chg (INR b)
('000)
1.66
1,081
1.34
5,513
1.28
7,737
1.24
1,837
1.19
712
1.06
1,665
1.01
1,365
0.95
746
0.76
1,106
0.75
1,069
Top change in weight (%)
Company
ICICI Lombard Gen
Yes Bank
Tata Steel
Indiabulls Hsg Fin
Federal Bank
Bajaj Finance
HDFC
Titan Company
Bajaj Auto
M&M Financial
Chg MoM Current
(pp)
Weight
0.29
0.76
0.26
1.40
0.25
0.45
0.24
0.40
0.24
1.45
0.21
1.48
0.21
2.92
0.19
0.36
0.17
0.32
0.17
0.36
Top scheme by NAV change
Scheme Name
Franklin Build India Fund (G)
Franklin India High Growth Companies Fund (G)
Franklin India Bluechip Fund - (G)
Franklin India Smaller Companies Fund (G)
Franklin India Flexi Cap Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
11.3
10.3
10.5
73.3
66.3
8.9
87.0
81.0
5.5
67.0
61.1
5.5
29.3
27.1
5.3
Top scheme by NAV change
Scheme Name
Kotak Infrastructure & Economic Reform-SP (G)
Kotak Emerging Equity Fund (G)
Kotak Tax Saver (G)
Kotak Opportunities (G)
Kotak Select Focus Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
3.8
3.7
7.1
26.6
25.5
6.2
7.2
7.0
5.7
20.7
19.9
5.3
151.9
137.4
5.0
Fund Folio: Indian Mutual Fund Tracker | November 2017
17

DSP
BlackRock:
Equity AUM INR352b
Top company holdings (%)
Oct-17
HDFC Bk
Maruti Suzuki
Bajaj Fin
Tata Steel
L&T
Yes Bank
ITC
BPCL
Federal Bk
ICICI Bk
Chg MoM (pp)
5.2
-0.1
2.6
-0.1
2.6
-0.3
-0.1
2.3
-0.1
-1.0
-0.3
0.2
-0.1
-0.6
Axis:
Equity AUM INR259b
Top company holdings (%)
Oct-17
HDFC Bk
Kotak Mah Bk
Maruti Suzuki
HDFC
Bajaj Fin
Motherson
Pidilite Ind
GRUH Fin
Avenue Sup
Cummins
Chg MoM (pp)
7.4
-0.6
6.2
5.9
5.0
4.4
4.1
3.2
2.8
2.7
2.5
0.0
-0.2
-0.4
-0.3
0.1
-0.1
-0.1
-0.1
-0.2
Chg MoM (pp)
14.9
-1.9
0.7
9.4
9.1
9.0
8.9
0.0
1.0
0.1
0.6
-0.4
0.7
-0.5
0.0
Weight (%)
Auto
NBFC
Banks Pvt
Consumer
Cap Goods
Chemicals
Technology
Healthcare
Retail
Cement
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Auto
Cap Goods
Oil & Gas
NBFC
Chemicals
Metals
Healthcare
Consumer
Textiles
Top sector allocation (%)
Chg MoM (pp)
18.6
-0.3
18.6
-0.5
7.5
7.0
5.0
5.0
4.6
2.9
2.8
16.8
-0.5
0.5
-1.0
-0.1
0.1
0.8
-0.1
0.4
2.3
2.1
1.9
1.9
1.9
1.8
7.3
6.6
4.9
4.6
4.0
Top change by market value
Company
P I Industries
Reliance Inds
Bharat Forge
SBI Life Insurance
Motherson Sumi
Divis Labs
BPCL
GAIL
HDFC Bank
Sun Pharma
Mkt Value Shares Chg
Chg (INR b)
('000)
2.15
2,565
2.04
1,361
1.70
2,141
1.22
1,953
1.15
2,902
1.05
1,178
1.02
315
0.97
844
0.93
500
0.87
1,159
Top change in weight (%)
Company
P I Industries
Reliance Inds
Bharat Forge
SBI Life Insurance
Motherson Sumi
Divis Labs
City Union Bank
PNB
Sun Pharma
Dr Reddys Labs
Chg MoM Current
(pp)
Weight
0.60
0.71
0.50
1.63
0.46
0.80
0.31
0.75
0.30
0.62
0.29
0.36
0.23
0.23
0.22
0.34
0.19
0.90
0.19
0.36
Top change by market value
Company
Sun Pharma
Torrent Power
MAS Financial
Endurance Tech
Kotak Mah. Bk
Godrej Agrovet
Motherson Sumi
TCS
ICICI Bank
Page Inds
Mkt Value Shares Chg
Chg (INR b)
('000)
1.58
2,505
1.38
1,634
1.27
1,989
1.04
250
1.02
662
0.97
1,687
0.96
355
0.96
290
0.81
2,250
0.63
13
Top change in weight (%)
Company
Sun Pharma
MAS Financial
Torrent Power
Godrej Agrovet
TCS
Endurance Tech
ICICI Bank
BOB
V-Guard Inds
Shree Cement
Chg MoM Current
(pp)
Weight
0.56
1.37
0.49
0.49
0.45
1.79
0.38
0.38
0.31
1.35
0.29
2.14
0.27
0.91
0.22
0.32
0.17
0.81
0.15
1.16
Top scheme by NAV change
Scheme Name
DSP BR Natural Resources & New Energy Fund (G)
DSP BR India T.I.G.E.R. Fund (G)
DSP BR Micro-Cap Fund (G)
DSP BR Small And Mid Cap Fund (G)
DSP BR Opportunities Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
4.1
3.7
9.0
16.1
15.5
8.8
62.2
59.8
7.1
49.6
46.3
6.4
39.6
38.0
6.4
Top scheme by NAV change
Scheme Name
AXIS Small Cap Fund (G)
AXIS Midcap Fund (G)
AXIS Emerging Opportunities Fund - Sr.2 (G)
AXIS Equity Fund (G)
AXIS Long Term Equity Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
4.3
4.2
6.3
12.7
12.3
4.9
12.3
11.7
4.2
18.9
17.5
3.2
152.2
146.6
3.0
Fund Folio: Indian Mutual Fund Tracker | November 2017
18

L&T:
Equity AUM INR244b
Top company holdings (%)
Oct-17
HDFC
ITC
L&T
HDFC Bk
ICICI Bk
Axis Bk
IndusInd
Ramco…
Federal…
HPCL
Chg MoM (pp)
3.0
3.0
2.9
2.5
2.3
2.1
1.8
1.8
1.6
1.5
-0.6
-0.2
-0.1
-0.3
-0.5
0.2
0.2
0.0
0.1
0.1
Banks Pvt
Cap Goods
NBFC
Auto
Cement
Oil & Gas
Healthcare
Consumer
Metals
Chemicals
Sundaram:
Equity AUM INR162b
Top company holdings (%)
Oct-17
HDFC Bk
Sundaram Clay
Ramco Cem
UPL
Honeywell Auto
Timken India
Schaeffler India
V-Guard Inds
Arvind
Bajaj Finserv
-0.3
0.2
-1.0
0.2
-0.1
0.2
-0.4
-0.1
-0.3
0.8
Chg MoM (pp)
1.8
-0.2
1.6
0.2
1.5
1.5
1.4
1.3
1.3
1.3
1.2
1.2
0.0
0.0
-0.1
-0.1
0.0
0.1
0.0
-0.3
Weight (%)
Chg MoM (pp)
12.7
10.7
7.2
7.0
6.4
5.7
5.0
5.0
5.0
4.8
Weight (%)
Auto
Cap Goods
Consumer
NBFC
Chemicals
Banks Pvt
Cement
Technology
Oil & Gas
Textiles
4.1
3.9
3.8
Back to
Snapshot
Top sector allocation (%)
Top sector allocation (%)
Chg MoM (pp)
11.5
0.6
11.0
0.1
0.1
9.8
-1.1
9.0
8.4
7.4
6.3
0.0
-1.2
0.6
0.3
-0.2
0.0
Top change by market value
Company
Bharti Airtel
Tata Chem
Axis Bank
Bharat Forge
Coromandel Intl
IndusInd Bank
Graphite India
Engineers India
GAIL
HPCL
Mkt Value Shares Chg
Chg (INR b)
('000)
1.98
3,957
1.48
1,904
1.13
1,944
1.02
1,066
0.97
1,442
0.90
625
0.89
445
0.78
1,159
0.76
1,046
0.76
1,390
Top change in weight (%)
Company
Bharti Airtel
Tata Chem
Bharat Forge
Coromandel Intl
Graphite India
Axis Bank
Idea Cellular
M&M
PNB
Engineers India
Chg MoM Current
(pp)
Weight
0.81
0.83
0.57
0.84
0.33
1.02
0.33
0.89
0.25
1.18
0.22
2.13
0.22
0.85
0.22
0.95
0.19
0.19
0.19
1.26
Top change by market value
Company
Sundaram Clayton
TCS
V-Guard Inds
SBI
Godrej Agrovet
Star Cement
Reliance Inds
Indian Energy Exch
Sunteck Realty
Maruti Suzuki
Mkt Value Shares Chg
Chg (INR b)
('000)
0.51
5
0.46
174
0.35
201
0.34
596
0.32
563
0.31
2,035
0.30
-2
0.29
188
0.27
776
0.27
29
Top change in weight (%)
Company
TCS
Sundaram Clayton
Godrej Agrovet
Indian Energy Exch
SBI
Sunteck Realty
Star Cement
ACC
V-Guard Inds
PNB
Chg MoM Current
(pp)
Weight
0.28
0.33
0.22
1.61
0.20
0.20
0.18
0.18
0.18
0.68
0.17
0.17
0.16
0.64
0.15
0.28
0.14
1.28
0.14
0.16
Top scheme by NAV change
Scheme Name
L&T Infrastructure Fund (G)
L&T Emerging Businesses Fund (G)
L&T Midcap Fund (G)
L&T India Special Situations Fund (G)
L&T India Value Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
9.7
9.1
10.2
22.8
20.9
8.7
15.3
13.6
7.1
11.8
11.4
7.0
61.4
58.7
6.5
Top scheme by NAV change
Scheme Name
Sundaram S.M.I.L.E Fund (G)
Sundaram Infrastructure Advantage Fund (G)
Sundaram Rural India Fund (G)
Sundaram Equity Multiplier Fund (G)
Sundaram Select Midcap - (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
13.5
13.2
8.7
7.0
6.6
6.9
18.8
17.5
6.7
3.0
2.9
6.0
59.9
57.1
5.0
Fund Folio: Indian Mutual Fund Tracker | November 2017
19

IDFC:
Equity AUM INR156b
Top company holdings (%)
Oct-17
HDFC Bk
Maruti Suzuki
Kotak Mah Bk
Voltas
Concor
Aurobindo
Future Retail
APL Apollo
RBL Bank
Bajaj Fin
1.6
1.6
1.5
1.4
1.4
1.7
Chg MoM (pp)
2.4
-0.2
2.3
2.2
2.0
0.0
-0.3
0.2
-0.1
-0.1
-0.1
0.0
0.3
0.1
Motilal Oswal:
Equity AUM INR137b
Top company holdings (%)
Oct-17
HDFC
Maruti Suzuki
HDFC Bk
BPCL
HPCL
IndusInd Bk
Max Fin
Eicher Mot
Bajaj Fin
PNB Hsg Fin
5.3
5.2
4.9
4.9
4.8
4.7
4.0
12.0
0.8
10.7
-0.7
10.3
9.9
6.5
5.5
4.6
4.3
3.8
3.6
0.4
1.0
-0.2
-0.3
0.0
-0.5
0.3
0.2
Chg MoM (pp)
8.1
-0.4
7.9
0.7
7.6
-0.4
0.2
0.1
-0.4
-0.3
0.2
-0.4
-0.4
Weight (%)
Auto
Chg MoM (pp)
Weight (%)
NBFC
Banks Pvt
Oil & Gas
Auto
Consumer
Healthcare
Cap Goods
Chemicals
Technology
Textiles
1.2
1.0
0.7
0.5
9.2
8.1
Back to
Snapshot
Top sector allocation (%)
Top sector allocation (%)
Chg MoM (pp)
-1.3
19.7
-1.4
16.8
0.1
14.7
14.3
0.5
2.1
-1.1
0.2
0.4
-0.2
0.0
Banks Pvt
Cap Goods
NBFC
Healthcare
Consumer
Metals
Oil & Gas
Chemicals
Cement
Top change by market value
Company
Apollo Tyres
Bharti Airtel
Tata Chemicals
RBL Bank
Voltas
Havells India
Castrol India
Zee Entert
PNB
Bharat Financial
Mkt Value Shares Chg
Chg (INR b)
('000)
0.83
3,391
0.71
1,292
0.60
526
0.59
1,016
0.49
294
0.45
936
0.42
731
0.37
671
0.35
1,084
0.34
331
Top change in weight (%)
Chg MoM Current
(pp)
Weight
Apollo Tyres
0.51
0.82
Bharti Airtel
0.44
0.61
Tata Chemicals
0.30
1.36
RBL Bank
0.29
1.44
Havells India
0.29
0.36
Zee Entert
0.23
0.41
PNB
0.21
0.39
Castrol India
0.21
0.92
NCC
0.19
0.53
Union Bank of India
0.19
0.38
Company
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
6.4
6.1
12.2
19.0
17.8
6.1
19.0
18.2
5.7
2.9
2.8
5.7
1.0
1.0
5.5
Top change by market value
Company
United Spirits
Maruti Suzuki
Britannia Inds
Interglobe Aviation
ICICI Lombard Gen
BPCL
Eicher Motors
HPCL
Godrej Inds
Kansai Nerolac
Mkt Value Shares Chg
Chg (INR b)
('000)
1.94
378
1.54
155
1.10
183
1.08
436
0.98
1,461
0.77
-385
0.66
14
0.62
690
0.57
951
0.51
990
Top change in weight (%)
Company
United Spirits
Maruti Suzuki
Britannia Inds
Interglobe Aviation
ICICI Lombard Gen
Godrej Inds
Kansai Nerolac
Voltas
BPCL
Eicher Motors
Chg MoM Current
(pp)
Weight
1.27
3.51
0.66
7.85
0.62
3.55
0.59
3.60
0.57
2.79
0.40
0.56
0.37
0.37
0.25
0.26
0.23
5.33
0.18
4.77
Top scheme by NAV change
Scheme Name
IDFC Infrastructure Fund (G)
IDFC Classic Equity Fund (G)
IDFC Sterling Equity Fund (G)
IDFC Equity Fund (G)
IDFC Nifty Fund (G)
Top scheme by NAV change
Scheme Name
Motilal
Motilal
Motilal
Motilal
Oswal
Oswal
Oswal
Oswal
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
Most Focused Multicap 35 Fund (G)
99.7
99.1
2.7
MoSt Focused 25 Fund (G)
8.5
8.3
2.1
Most Focused Long Term Fund (G)
7.0
7.0
1.6
Most Focused Midcap 30 Fund (G)
13.5
13.2
1.3
Motilal Oswal Securities Limited is the Sponsor of Motilal Oswal Mutual Fund. The Sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the Mutual Fund beyond the initial
contribution made by it of an amount of Rs. 1 Lac towards setting up of the Mutual Fund. Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Fund Folio: Indian Mutual Fund Tracker | November 2017
20

Tata:
Equity AUM INR132b
Top company holdings (%)
Oct-17
HDFC Bk
ICICI Bk
Yes Bk
Power Grid
L&T
Reliance Inds
Maruti Suzuki
ITC
Tata Motors
Kotak Mah Bk
Chg MoM (pp)
5.1
-0.3
-0.2
4.0
3.6
3.0
2.6
2.5
2.2
2.1
2.1
1.7
-0.6
-0.3
0.2
0.5
-0.1
0.0
0.2
0.0
Mirae Asset:
Equity AUM INR112b
Top company holdings (%)
Oct-17
ICICI Bk
HDFC Bk
Kotak Mah Bk
Tata Steel
Grasim Inds
IndusInd Bk
Tata Global
Federal Bk
Raymond
Infosys
Chg MoM (pp)
5.0
0.3
0.0
4.8
3.3
3.3
3.3
3.1
2.7
2.4
2.4
2.3
-0.3
0.0
0.0
-0.6
0.2
0.0
0.0
0.2
Weight (%)
Chg MoM (pp)
Weight (%)
Banks Pvt
Auto
Healthcare
Oil & Gas
Consumer
Cap Goods
Technology
Metals
NBFC
Cement
9.3
8.5
7.5
7.5
7.0
5.8
5.0
4.4
4.1
17.1
-1.2
0.3
12.3
0.1
7.3
1.1
7.0
1.0
6.7
6.4
-0.9
0.2
5.9
-0.4
4.8
4.7
3.9
Back to
Snapshot
Top sector allocation (%)
Banks Pvt
Auto
Cap Goods
Consumer
Oil & Gas
NBFC
Cement
Healthcare
Technology
Utilities
Top sector allocation (%)
Chg MoM (pp)
20.7
-0.9
-0.2
0.0
0.0
0.3
0.1
-0.3
0.0
-0.1
-0.1
-0.3
-0.2
Top change by market value
Company
Reliance Inds
IOCL
United Spirits
Larsen & Toubro
Tata Motors
Tata Global Bev
Exide Inds
Bata India
Zee Entert
Sun TV Network
Mkt Value Shares Chg
Chg (INR b)
('000)
0.86
402
0.68
1,593
0.67
220
0.45
201
0.43
648
0.41
1,408
0.41
1,900
0.35
340
0.33
471
0.32
215
Top change in weight (%)
Company
Reliance Inds
United Spirits
IOCL
Exide Inds
Tata Global Bev
Bata India
Tata Motors
CDSL
Sun TV Network
Larsen & Toubro
Chg MoM Current
(pp)
Weight
0.53
2.46
0.51
0.51
0.49
0.88
0.27
0.85
0.27
1.02
0.24
0.56
0.21
2.06
0.21
0.35
0.19
1.09
0.19
2.57
Top change by market value
Company
ICICI Bank
P I Industries
SBI
GAIL
HDFC Bank
Bharat Financial
Tata Global Bev
Larsen & Toubro
Infosys
Tata Steel
Mkt Value Shares Chg
Chg (INR b)
('000)
0.80
1,319
0.67
812
0.63
715
0.52
710
0.46
248
0.44
435
0.42
697
0.42
221
0.39
363
0.36
147
Top change in weight (%)
Company
P I Industries
SBI
Bharat Financial
GAIL
ICICI Bank
Zee Entert
Apollo Tyres
Larsen & Toubro
DFM Foods
Kaveri Seed Co
Chg MoM Current
(pp)
Weight
0.59
0.59
0.39
2.34
0.34
1.01
0.32
1.98
0.31
4.95
0.24
0.44
0.20
0.54
0.19
2.21
0.19
0.86
0.18
0.59
Top scheme by NAV change
Scheme Name
Tata Infrastructure Fund (G)
Tata Ethical Fund - (G)
Tata Dividend Yield Fund (G)
Tata India Consumer Fund (G)
Tata Equity P/E Fund - (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
7.6
7.3
7.0
4.8
4.5
6.4
3.3
3.2
5.7
3.1
2.9
5.2
20.7
20.1
5.1
Top scheme by NAV change
Scheme Name
Mirae Asset Emerging Bluechip Fund (G)
Mirae Asset Tax Saver Fund (G)
Mirae Asset India Opportunities Fund (G)
Mirae Asset Great Consumer Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
48.2
47.4
6.2
6.6
6.5
6.0
52.3
50.9
5.5
1.3
1.0
5.0
Fund Folio: Indian Mutual Fund Tracker | November 2017
21

Canara Robeco:
Equity AUM INR60b
Top company holdings (%)
Oct-17
HDFC Bank
Kotak Mah Bk
Concor
Reliance Ind
Britannia
HDFC
ICICI Bk
Bajaj Fin
HUL
IndusInd
Chg MoM (pp)
4.4
-0.1
3.6
0.5
3.2
2.9
2.8
2.8
2.7
2.6
2.2
2.1
0.2
0.6
0.0
-0.1
0.0
-0.1
0.1
-0.4
BNP Paribas:
Equity AUM INR37b
Top company holdings (%)
Oct-17
HDFC Bk
ICICI Bk
IndusInd Bk
Bharti Airtel
Bharat Elect
Federal Bk
Maruti Suzuki
Kotak Mah. Bk
Deepak Ferti
Ramkrishna For
Chg MoM (pp)
4.2
3.4
3.1
2.8
2.7
2.5
2.1
1.9
1.8
6.4
-0.3
-0.6
-0.8
1.6
0.2
-0.3
-0.4
0.1
0.2
0.2
Banks Pvt
Cap Goods
NBFC
Metals
Consumer
Oil & Gas
Chemicals
Auto
Media
Cement
Chg MoM (pp)
14.1
-0.4
0.4
12.7
12.0
Weight (%)
8.7
8.1
6.1
6.0
5.5
5.4
4.8
4.6
4.2
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Auto
Consumer
NBFC
Cap Goods
Oil & Gas
Chemicals
Healthcare
Cement
Utilities
Top sector allocation (%)
Chg MoM (pp)
20.3
-2.6
1.3
-1.0
0.2
1.0
0.2
0.1
-0.2
-0.2
-0.5
8.7
8.4
7.2
6.5
5.6
4.6
4.1
-0.1
-1.2
0.1
0.4
-0.4
1.5
0.0
0.5
Top change by market value
Company
Sun Pharma
Tata Motors
Reliance Inds
Kotak Mah Bk
MRF
NTPC
Concor
Parag Milk Foods
HPCL
Dalmia Bharat
Mkt Value Shares Chg
Chg (INR b)
('000)
0.90
1,567
0.45
978
0.44
189
0.43
380
0.36
5
0.30
1,667
0.29
177
0.23
654
0.21
463
0.21
35
Top change in weight (%)
Company
Sun Pharma
Tata Motors
Reliance Inds
MRF
NTPC
Kotak Mah Bk
HPCL
Parag Milk Foods
PVR
Dalmia Bharat
Chg MoM Current
(pp)
Weight
1.44
2.05
0.68
1.43
0.55
2.90
0.54
1.15
0.50
0.50
0.47
3.56
0.34
0.38
0.31
1.20
0.26
0.89
0.25
1.34
Top change by market value
Mkt Value Shares Chg
Chg (INR b)
('000)
Bharti Airtel
0.65
1,025
Prataap Snacks
0.43
363
SBI Life Insurance
0.24
385
Idea Cellular
0.24
2,600
PNC Infratech
0.23
429
Larsen & Toubro
0.23
181
State Bank of India
0.19
448
Union Bank of India
0.19
1,055
Bharat Electronics
0.16
265
ICICI Prudential Life
0.16
376
Company
Top change in weight (%)
Chg MoM Current
Weight
(pp)
Bharti Airtel
1.63
3.14
Prataap Snacks
1.16
1.16
Idea Cellular
0.66
0.66
SBI Life Insurance
0.60
1.28
Larsen & Toubro
0.59
0.84
PNC Infratech
0.55
1.47
Union Bank of India
0.51
0.51
State Bank of India
0.45
1.20
ICICI Prudential Life
0.39
0.83
Birla Corporation
0.34
0.34
Company
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
8.6
8.1
9.8
5.5
5.1
8.7
6.1
5.8
6.4
10.3
9.9
4.1
Top scheme by NAV change
Scheme Name
Canara Robeco Infrastructure (G)
Canara Robeco Emerging Equities (G)
Canara Robeco Equity Diversified (G)
Canara Robeco Equity - Tax Saver (G)
Canara Robeco Large Cap+ Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
1.5
1.5
8.7
26.3
25.7
5.6
8.1
8.0
4.5
8.8
8.5
3.9
1.1
1.1
3.5
Top scheme by NAV change
Scheme Name
BNP Paribas
BNP Paribas
BNP Paribas
BNP Paribas
Mid Cap Fund (G)
Dividend Yield Fund (G)
Long Term Equity Fund (G)
Equity Fund (G)
Fund Folio: Indian Mutual Fund Tracker | November 2017
22

Principal:
Equity AUM INR35b
Top company holdings (%)
Oct-17
HDFC Bk
ICICI Bk
SBI
Reliance Inds
Britannia
Aurobindo
Dewan Hsg
United Spirits
Kotak Mah Bk
Maruti
Chg MoM (pp)
3.3
-0.4
3.1
2.5
2.4
2.3
1.9
1.9
1.6
1.6
1.5
0.0
0.2
0.2
-0.1
0.1
0.1
0.3
-0.2
-0.2
Invesco:
Equity AUM INR31b
Top company holdings (%)
Oct-17
HDFC Bk
Reliance Inds
Maruti Suzuki
IndusInd
ICICI Bk
Kotak Mah. Bk
Hero Moto
United Spirits
L&T
Coromandel
Chg MoM (pp)
6.8
5.1
4.4
3.6
2.8
2.6
2.3
2.2
2.2
2.1
-0.2
0.6
-0.7
-0.3
-0.1
-0.2
-0.2
1.0
0.4
-0.1
Banks Pvt
Auto
Oil & Gas
NBFC
Cap Goods
Consumer
Technology
Healthcare
Chemicals
Metals
Weight (%)
Chg MoM (pp)
13.4
-1.5
0.2
9.4
-0.3
9.3
-0.4
7.3
0.3
6.7
6.6
6.5
6.4
5.6
4.5
1.3
-0.4
0.2
0.1
-0.6
Weight (%)
Back to
Snapshot
Top sector allocation (%)
Banks Pvt
Consumer
Auto
NBFC
Cement
Chemicals
Cap Goods
Oil & Gas
Healthcare
Technology
Top sector allocation (%)
Chg MoM (pp)
17.8
-1.4
14.3
-1.1
10.3
0.4
-0.7
9.8
0.5
7.0
6.0
5.3
4.6
3.2
2.8
1.2
-1.0
0.6
0.1
-0.1
Top change by market value
Company
Gujarat Narmada
Bharti Airtel
Exide Inds
United Spirits
SBI
Kesar Petr
Reliance Inds
Rain Inds
Tata Steel
UltraTech Cement
Mkt Value Shares Chg
Chg (INR b)
('000)
0.49
935
0.20
372
0.16
784
0.14
9
0.14
-38
0.14
2,163
0.13
-21
0.13
45
0.12
171
0.11
17
Top change in weight (%)
Company
Gujarat Narmada
Bharti Airtel
Exide Inds
Kesar Petro
Tata Steel
Rain Inds
United Spirits
UltraTech Cement
SBI
Reliance Inds
Chg MoM Current
(pp)
Weight
1.38
1.38
0.56
0.76
0.46
0.53
0.39
0.39
0.34
0.35
0.30
0.97
0.28
1.60
0.24
1.05
0.20
2.50
0.17
2.42
Top change by market value
Company
Reliance Inds
United Spirits
BOB
SBI
L&T
Cochin Shipyard
Shriram Trans Fin
HDFC Bank
Sun Pharma
Voltas
Mkt Value Shares Chg
Chg (INR b)
('000)
0.34
93
0.34
80
0.25
1,446
0.19
584
0.19
127
0.17
253
0.16
110
0.15
81
0.12
163
0.11
137
Top change in weight (%)
Company
United Spirits
BOB
Reliance Inds
SBI
Cochin Shipyard
L&T
Shriram Trans Fin
Manappuram Fin
Sun Pharma
Voltas
Chg MoM Current
(pp)
Weight
0.96
2.21
0.80
0.91
0.64
5.11
0.59
0.85
0.47
1.14
0.43
2.20
0.41
1.42
0.30
0.31
0.28
1.17
0.25
1.06
Top scheme by NAV change
Scheme Name
Principal
Principal
Principal
Principal
Principal
Tax Savings Fund
Growth Fund - (G)
Dividend Yield Fund (G)
Personal Tax saver Fund - (G)
Emerging Bluechip Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
3.8
3.7
9.3
5.5
5.3
9.2
1.4
1.3
8.2
3.4
3.3
8.2
14.2
13.4
7.4
Top scheme by NAV change
Scheme Name
Invesco India PSU Equity Fund (G)
Invesco India Contra Fund (G)
Invesco India Mid Cap Fund (G)
Invesco India Mid N Small Cap Fund (G)
Invesco India Tax Plan (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
1.1
1.1
8.1
7.4
7.3
7.5
1.8
1.8
7.4
5.3
5.0
7.1
4.8
4.7
5.5
Fund Folio: Indian Mutual Fund Tracker | November 2017
23

Motilal Oswal Securities Limited
MEMBER OF BSE AND NSE
Disclosures
Motilal Oswal Tower, Sayani Road, Prabhadevi, Mumbai 400 025, INDIA
BOARD: +91 22 3982 5500 | WEBSITE:
www.motilaloswal.com
The following Disclosures are being made in compliance with the SEBI Research Analyst Regulations 2014 (herein after referred to as the Regulations).
Motilal Oswal Securities Ltd. (MOSL) is a SEBI Registered Research Analyst having registration no. INH000000412. MOSL, the Research Entity (RE) as defined in the Regulations, is engaged in the business
of providing Stock broking services, Investment Advisory Services, Depository participant services & distribution of various financial products. MOSL is a subsidiary company of Motilal Oswal Financial Service
Ltd. (MOFSL). MOFSL is a listed public company, the details in respect of which are available on www.motilaloswal.com. MOSL is registered with the Securities & Exchange Board of India (SEBI) and is a
registered Trading Member with National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Limited (BSE), Metropolitan Stock Exchange Of India Ltd. (MSE) for its stock broking activities & is
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regulations to hold inquiry and adjudge violation of SEBI Regulations; MOSL requested SEBI to provide all documents, records, investigation report relied upon by SEBI which were referred in Show Cause
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Fund Folio: Indian Mutual Fund Tracker | November 2017
24

Terms & Conditions:
This report has been prepared by MOSL and is meant for sole use by the recipient and not for circulation. The report and information contained herein is strictly confidential and may not be altered in any way,
transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of MOSL. The report is based on the facts, figures and
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Disclosure of Interest Statement
Companies where there is interest
Analyst ownership of the stock
No
A graph of daily closing prices of securities is available at www.nseindia.com, www.bseindia.com. Research Analyst views on Subject Company may vary based on Fundamental research and Technical
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Motilal Oswal Securities Limited (MOSL) is not a registered broker - dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In
addition MOSL is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws
in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by MOSL, including the products and services described herein are not
available to or intended for U.S. persons. This report is intended for distribution only to "Major Institutional Investors" as defined by Rule 15a-6(b)(4) of the Exchange Act and interpretations thereof by SEC
(henceforth referred to as "major institutional investors"). This document must not be acted on or relied on by persons who are not major institutional investors. Any investment or investment activity to which this
document relates is only available to major institutional investors and will be engaged in only with major institutional investors. In reliance on the exemption from registration provided by Rule 15a-6 of the U.S.
Securities Exchange Act of 1934, as amended (the "Exchange Act") and interpretations thereof by the U.S. Securities and Exchange Commission ("SEC") in order to conduct business with Institutional Investors
based in the U.S., MOSL has entered into a chaperoning agreement with a U.S. registered broker-dealer, Motilal Oswal Securities International Private Limited. ("MOSIPL"). Any business interaction pursuant to
this report will have to be executed within the provisions of this chaperoning agreement. The Research Analysts contributing to the report may not be registered /qualified as research analyst with FINRA. Such
research analyst may not be associated persons of the U.S. registered broker-dealer, MOSIPL, and therefore, may not be subject to NASD rule 2711 and NYSE Rule 472 restrictions on communication with a
subject company, public appearances and trading securities held by a research analyst account.
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25

For Singapore
Motilal Oswal Capital Markets Singapore Pte Limited is acting as an exempt financial advisor under section 23(1)(f) of the Financial Advisers Act(FAA) read with regulation 17(1)(d) of the Financial Advisors
Regulations and is a subsidiary of Motilal Oswal Securities Limited in India. This research is distributed in Singapore by Motilal Oswal Capital Markets Singapore Pte Limited and it is only directed in Singapore to
accredited investors, as defined in the Financial Advisers Regulations and the Securities and Futures Act (Chapter 289), as amended from time to time. In respect of any matter arising from or in connection with
the research you could contact the following representatives of Motilal Oswal Capital Markets Singapore Pte Limited:
Disclaimer:
The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any
other person or to the media or reproduced in any form, without prior written consent. This report and information herein is solely for informational purpose and may not be used or considered as an offer
document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any
investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this report may not be suitable for all investors, who must make their own
investment decisions, based on their own investment objectives, financial positions and needs of specific recipient. This may not be taken in substitution for the exercise of independent judgment by any recipient.
Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document
(including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all
investors. Certain transactions -including those involving futures, options, another derivative products as well as non-investment grade securities - involve substantial risk and are not suitable for all investors. No
representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information and opinions contained in this document. The Disclosures of Interest Statement
incorporated in this document is provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. This information is subject to change without any
prior notice. The Company reserves the right to make modifications and alternations to this statement as may be required from time to time without any prior approval. MOSL, its associates, their directors and
the employees may from time to time, effect or have effected an own account transaction in, or deal as principal or agent in or for the securities mentioned in this document. They may perform or seek to perform
investment banking or other services for, or solicit investment banking or other business from, any company referred to in this report. Each of these entities functions as a separate, distinct and independent of
each other. The recipient should take this into account before interpreting the document. This report has been prepared on the basis of information that is already available in publicly accessible media or
developed through analysis of MOSL. The views expressed are those of the analyst, and the Company may or may not subscribe to all the views expressed therein. This document is being supplied to you solely
for your information and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or
intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would
be contrary to law, regulation or which would subject MOSL to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all
jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. Neither the Firm, not its directors,
employees, agents or representatives shall be liable for any damages whether direct or indirect, incidental, special or consequential including lost revenue or lost profits that may arise from or in connection with
the use of the information. The person accessing this information specifically agrees to exempt MOSL or any of its affiliates or employees from, any and all responsibility/liability arising from such misuse and
agrees not to hold MOSL or any of its affiliates or employees responsible for any such misuse and further agrees to hold MOSL or any of its affiliates or employees free and harmless from all losses, costs,
damages, expenses that may be suffered by the person accessing this information due to any errors and delays.
Registered Office Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025; Tel No.: 022-3980 4263; www.motilaloswal.com. Correspondence Address:
Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West), Mumbai- 400 064. Tel No: 022 3080 1000. Compliance Officer: Neeraj Agarwal, Email Id: na@motilaloswal.com, Contact
No.:022-30801085.
Registration details of group entities.: MOSL: NSE (Cash): INB231041238; NSE (F&O): INF231041238; NSE (CD): INE231041238; BSE (Cash): INB011041257; BSE(F&O): INF011041257; BSE(CD);
MSE(Cash): INB261041231; MSE(F&O): INF261041231; MSE(CD): INE261041231; CDSL: IN-DP-16-2015; NSDL: IN-DP-NSDL-152-2000; Research Analyst: INH000000412. AMFI: ARN 17397. Investment
Adviser: INA000007100. Motilal Oswal Asset Management Company Ltd. (MOAMC): PMS (Registration No.: INP000000670) offers PMS and Mutual Funds products. Motilal Oswal Wealth Management Ltd.
(MOWML): PMS (Registration No.: INP000004409) offers wealth management solutions. *Motilal Oswal Securities Ltd. is a distributor of Mutual Funds, PMS, Fixed Deposit, Bond, NCDs, Insurance and IPO
products. * Motilal Oswal Commodities Broker Pvt. Ltd. offers Commodities Products. * Motilal Oswal Real Estate Investment Advisors II Pvt. Ltd. offers Real Estate products. * Motilal Oswal Private Equity
Investment Advisors Pvt. Ltd. offers Private Equity products
Fund Folio: Indian Mutual Fund Tracker | November 2017
26

This report is for personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. This research report does not constitute an offer, invitation or inducement to invest
in securities or other investments and Motilal Oswal Capital Markets (Hong Kong) Private Limited (hereinafter referred as MO-HK) is not soliciting any action based upon i Tt.a Tthias r Septorteel is not for public distribution
and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any form.
Unauthorized disclosure, use, dissemination or copying (either whole or partial) of this information, is prohibited. The person accessing this information specifically agrees to exempt MO-HK or any of its affiliates or employees
from, any and all responsibility/liability arising from such misuse and agrees not to hold MO-HK or any of its affiliates or employees responsible for any such misuse and further agrees to hold MO-HK or any of its affiliates or
employees free and harmless from all losses, costs, damages, expenses that may be suffered by the person accessing this information due to any errors and delays.
The information contained herein is based on publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, MO-HK and/or its affiliates are
under no obligation to update the information. Also there may be regulatory, compliance, or other reasons that may prevent MO-HK and/or its affiliates from doing so. MO-HK or any of its affiliates or employees shall not be in
any way responsible and liable for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. MOSt or any of its affiliates or employees do not provide, at any time,
any express or implied warranty of any kind, regarding any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. The
recipients of this report should rely on their own investigations.
The Research Producer and/or its affiliates and/or employees may have interests/positions, financial or otherwise in the securities mentioned in this report. To enhance transparency, research producer Motilal Oswal has
incorporated a Disclosure of Interest Statement in this document. This should, however, not be treated as endorsement of the views expressed in the report.
Disclosure of Interest Statement
1. Analyst ownership of the stock
2. Group/Directors ownership of the stock
3. Broking relationship with company covered
4. Investment Banking relationship with company covered
Companies where there is interest
No
No
No
No
This report is issued in Hong Kong by Motilal Oswal Capital markets (Hong Kong) Private Limited, a licensed corporation (CE no.AYY301) regulated by the Hong Kong Securities and Futures Commission (SFC) pursuant to
the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) “SFO”. This report is intended for distribution only to “Professional Investors” as defined in Part I of Schedule1 to SFO. This document must not
be acted or relied on by persons who are not professional Investors. Any Investment or Investment Activity to which this document relates is only available to Professional Investor and will be engaged only with professional
Investors”.
In respect of any matter arising from or in connection with the research you could contact the following representative of Motilal Oswal Capital markets (Hong Kong) Private Limited.
Mr. Martin Marnick – Director Contact: 3975 2888
Office Address: 10th Floor, Central Building, 1-3 Pedder Street, Central Hong Kong. The products , services, information and/or material contained within these research reports may not be available for residents of certain
jurisdictions
Fund Folio: Indian Mutual Fund Tracker | November 2017
27

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