Scheme sales in August at INR325b – highest-ever
400
300
228
Gross inflows in Equity Incl. ELSS (INR b)
297
325
Equity AUM of MF industry at new
high, up 37% in CY17 YTD
INR6.4t
200
100
176
INR204b
Net inflows in August –
highest-ever in a month
0
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
September 2017

SUMMARY: AUM scales new highs; global cyclicals see buying
Key observations
Equity AUM rose for the ninth consecutive month in August to scale a new high of INR6.4t (+2.3% MoM and +37% CY17 YTD).
The increase in equity AUM was led by a rise in equity scheme sales to INR325b (+16% MoM) and a fall in redemptions by 21% MoM to INR121b (as
market indices were down; Nifty -1.6% MoM), leading to a rise in net inflows (INR204b, +60% MoM).
Falling interest rates on bank deposits and dimming appeal of traditional asset classes like real estate and gold are the key reasons for huge inflows in
mutual funds. Notably, net inflows of INR204b in August were the highest-ever in a month.
Total net inflows of the MF industry in CY17 YTD stand at INR2,478b, two thirds of which are contributed by equity funds and income schemes. All
categories of funds, except GILT, gold ETFs and FOF, have witnessed positive inflows.
In August, 982k new SIP accounts were added, taking the total SIP accounts to 15.9m. The total amount collected through SIP during the month of
August was INR52.1b, up ~50% YoY.
The month saw a
notable change in sector and stock allocation of funds. Weight of Global Cyclicals is now in double-digits (10.5%, +90bp MoM).
This was mainly driven by an increase in the weights of Oil & Gas (+60bp to 6.7%) and Metals (+30bp to 3.8%). Defensives’ weight too increased by
30bp to 23.7%, led by a rise in the weight of Utilities (+40bp to 3.4%).
Domestic cyclicals’ weight fell by 120bp to 65.8%
due to a decline in the weights of Banks (PVT and PSU), Autos, Capital Goods and Infrastructure,
partly offset by a small increase in the weight of NBFCs.
Of the top 10 stocks in terms of value increase MoM, four were from Oil & Gas.
All three OMCs were preferred by MFs in August; IoCL, HPCL and BPCL witnessed
net buying by 13, 14 and 12 funds, respectively.
Value of IOCL increased by
INR15b, HPCL by INR13b and BPCL by INR6.6b. Stock prices of IOCL, HPCL and
BPCL were up by 24%, 27% and 12%, respectively.
GAIL India
was also one of the preferred stocks in oil & gas among MFs in August,
with net buying by 12 funds. Value increased by INR6.4b, despite the stock
remaining flat during the month.
Value shocks were seen in banking stocks.
SBI saw a decline of INR27.4b in value;
10 funds sold the stock (it was down by 11% for the month). Other banks
witnessing an decrease in value on an MoM basis were BoB (INR7.5b), Kotak
Mahindra Bank (INR5.5b) and Federal Bank (INR3.1b).
Equity and income schemes contributed ~2/3 of inflows
Some interesting facts
810
708
527
274
169
2
Total net inflows of
INR 2,478b in CY17 YTD
-2
Equity Income Balanced Liquid
Incl ELSS
Other
ETFs
Infra
Debt
Fund
FOF
Gold
ETF
-5
GILT
-5
Fund Folio: Indian Mutual Fund Tracker | September 2017
2

SUMMARY: AUM scales new highs; global cyclicals see buying
Key interesting charts
Domestic MFs witness net inflows of INR204b in August; touch new highs
225
150
75
0
-75
31.2
31.9
33.1
33.3
137
Equity Incl. ELSS Net Inflows (INR b)
SIP contribution has increased by ~50% in last one year
204
SIP contribution (INR b)
45.8
47.4
49.5
52.1
108
123
127
37.0
35.0
34.3
43.4
42.7
41.0
38.8 39.7
40.5
Global cyclicals’ weight has increased 90bp…
Global cyclicals
… with both sectors contributing
Chg pp (MoM)
0.6
SIP accounts at 15.9m, up 18% in last five months
Total No. of outstanding SIP accounts (Million)
10.5
9.4 9.6 9.5 9.3 9.6
8.9 9.1
7.7
8.0 8.1
15.9
15.2
0.3
13.5
13.4
14.5
14.0
7.2 7.2
Oil & Gas
Metals
Mar-17
Apr-17
May-17
June-17
July-17
Aug-17
Fund Folio: Indian Mutual Fund Tracker | September 2017
3

Contents
AUM:
Equity AUM up 37% in CY17YTD; rises for ninth consecutive month in August
Flows:
Net inflows in August at INR204b – highest-ever in a month
Top-20 funds:
Equity value up 1.5% MoM and 50% YoY
Sector-wise weight:
MoM increase seen in Oil & Gas, Utilities and Metals
Sectoral allocation of funds:
Capital Goods, Cement, Healthcare over-owned
Nifty-50 snapshot:
MFs net buyers in 74% of the stocks
Top schemes and NAV change:
84% of top-25 schemes close lower MoM
Value surprise:
Maximum MoM change in NTPC, HDFC, IOCL and HPCL
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
Stock-wise holding change
Top schemes and NAV chg.
Fund-wise snapshot on top holdings
Axis
Aditya Birla Sun Life
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
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 | September 2017
4

AUM:
Equity AUM up 37% in CY17YTD; rises for 9
th
consecutive month in August
Equity AUM rose for the ninth consecutive month in August to scale a new high of INR6.4t (+2.3% MoM and +37% CY17YTD). The increase in equity
AUM was led by a rise in equity scheme sales to INR325b (+16% MoM) and a fall in redemptions by 21% MoM to INR121b (as market indices were
down; Nifty -1.6% MoM), leading to a rise in net inflows (INR204b, +60% MoM).
Total AUM of the MF industry rose 3.1% MoM in August to touch a new high of INR20.6t, primarily led by an increase in the AUM of liquid funds
(INR257b), equity funds (INR145b) and income funds (INR127b).
Equity AUM, as a percentage of total AUM, rose 280bp to 31.3% in CY17YTD. Equity AUM accounts for 4.9% of India’s market capitalization.
Trend in equity AUM and % of market capitalization
Equity AUM Incl. ELSS (INR t)
7.0
5.5
4.0
2.5
1.0
% to Mktcap - RHS
Trend in total AUM and equity AUM (as % of total)
22
18
14
10
6
Total AUM (INR t)
Equity as % to total AUM - RHS
36
19.3 20.6
17.4
31
16.3
15.2
26
14.2
21
16
5.2
3.1
4.0
6.4
5.3
6.3
4.6
3.9
3.2
2.5
9.0 10.1
12.0 13.2
11.8
What drove total AUM in August (INR b)
257
145
127
71
15
9
1
0
-0
What drove equity AUM in August (INR b)
325
20,593
-121
-59
6,439
19,969
6,295
July-17 Liquid Equity IncomeBalanced GILT
Incl ELSS
Other
ETFs
Gold
Infra
FOF
ETF Debt Fund
Aug-17
July-17
Sales
Redemption
Capital
Depreciation
Aug-17
Fund Folio: Indian Mutual Fund Tracker | September 2017
5

Flows:
Net inflows in August at INR204b – highest-ever in a month
Mutual funds’ gross inflows rose to INR325b (+16% MoM) in August. Also, there was a meaningful fall in redemptions to INR121b (-21% YoY),
leading to a 60% increase in net inflows to INR204b in August from INR127b in July.
Monthly trend of sales, redemptions and net amount raised by mutual funds (toward equity)
450
300
150
0
-150
-300
Inflows in Equity Incl. ELSS (INR b)
Net Inflow/Outflow in Equity Incl. ELSS (INR b)
Redemptions in Equity Incl. ELSS (INR b)
325
204
Scheme sales
up 16% MoM
to INR325b in
August
-121
Yearly trend of net inflows by mutual funds (toward equity)
Net Inflow/Outflow in Equity Incl. ELSS (INR b)
495
14
-158
CY07
CY08
CY09
CY10
CY11
77
-156
CY12
-104
CY13
CY14
CY15
CY16
CY17
YTD
906
549
Yearly trend of sales and redemptions by mutual funds (toward equity)
810
Sale in Equity Incl. ELSS (INR b)
Redemptions in Equity Incl. ELSS (INR b)
1,082
1,206
720
494
690
574
414
447
1,728 1,866
1,994
266
311
-816
CY07
-409
CY08
-481
CY09
-848
CY10
-498
CY11
-571
CY12
-551
CY13
-712
CY14
-1,317
-1,184
CY15 CY16 CY17
YTD
-822
Fund Folio: Indian Mutual Fund Tracker | September 2017
6

Top-20 funds:
Equity value up 1.5% MoM and 50% YoY
Total equity value of the top-20 AMCs rose 1.5% MoM (+49.7% YoY) in August, as against the Nifty’s fall of 1.6% MoM (+12.9% YoY).
Among the top-10 funds, the highest MoM increase was seen in Axis Mutual Fund (+6.3%), Kotak Mahindra Mutual Fund (+3.6%), ICICI Prudential
Mutual Fund (+2.9%), SBI Mutual Fund (+2.4%) and Aditya Birla Sun Life Mutual Fund (+2.1%).
Trend of top-20 mutual funds by equity value
Value (INR b)
HDFC Mutual Fund
ICICI Prudential Mutual Fund
SBI Mutual Fund
Reliance Mutual Fund
Aditya Birla Sun Life Mutual Fund
UTI Mutual Fund
Franklin Templeton Mutual Fund
DSP BlackRock Mutual Fund
Kotak Mahindra Mutual Fund
AXIS Mutual Fund
L&T Mutual Fund
Sundaram Mutual Fund
IDFC Mutual Fund
Tata Mutual Fund
Motilal Oswal Mutual Fund
Mirae Asset Mutual Fund
Canara Robeco Mutual Fund
BNP Paribas Mutual Fund
PRINCIPAL Mutual Fund
Invesco Mutual Fund
Total of above
Nifty
Aug-17
1,088
958
857
741
621
482
468
322
315
237
206
145
138
122
122
98
56
34
30
27
7,067
9,918
Sep-16 Oct-16 Nov-16 Dec-16 Jan-17
-0.3
4.3
-2.7
-0.3
8.1
2.0
5.6
-1.0
-0.8
6.1
4.3
4.8
-2.3
5.2
9.1
-1.5
3.3
-3.0
-3.0
15.8
2.1
5.0
-4.3
0.5
10.0
-1.1
1.5
-3.9
0.6
6.3
-0.1
3.8
-2.4
-0.5
6.6
1.9
6.1
-4.3
2.3
7.5
1.4
4.7
2.7
2.6
11.2
0.4
3.6
-5.6
-3.7
7.6
1.5
4.1
-1.1
-3.8
10.7
0.1
7.5
-8.3
-1.5
8.5
-0.9
4.4
-8.4
-1.6
6.8
0.6
0.1
-5.2
-0.5
7.1
5.7
4.4
-2.4
-0.9
8.8
7.9
12.1
0.0
-0.2
10.0
2.3
0.2
-3.2
-2.8
6.9
-3.9
-0.8
-5.9
-3.2
6.8
-0.2
2.8
-3.7
-2.8
6.6
0.5
2.5
-5.8
-0.8
4.0
0.9
4.3
-2.9
-0.1
8.8
-2.0
0.2
-4.7
-0.5
4.6
MoM Change (%)
Feb-17 Mar-17 Apr-17 May-17 Jun-17 July-17 Aug-17
4.2
5.9
5.6
3.7
2.2
8.4
0.7
7.0
4.0
4.2
3.6
2.1
6.3
2.9
8.1
8.9
5.1
4.9
3.4
7.8
2.4
2.1
4.7
3.4
1.1
1.1
6.8
-0.2
8.1
8.0
5.3
4.1
4.1
6.4
2.1
4.0
4.8
2.8
1.2
-0.5
4.3
0.1
3.6
4.7
3.5
2.4
0.7
5.6
-2.2
6.8
10.0
8.0
4.5
2.0
6.8
0.1
1.7
14.2
7.8
4.5
-1.8
14.4
3.6
5.8
5.7
8.0
2.7
3.5
7.5
6.3
4.1
7.0
9.1
4.1
6.1
10.7
3.0
5.1
6.8
8.5
2.3
1.7
7.1
0.0
6.9
0.9
5.2
-0.3
0.4
9.3
2.8
0.9
2.8
4.5
0.1
0.0
4.7
0.1
8.5
9.2
9.1
2.3
5.9
11.4
8.8
8.0
8.2
8.4
6.1
4.7
7.6
3.6
4.5
6.7
7.9
0.4
2.6
6.6
2.1
3.2
2.8
9.9
0.3
0.7
5.7
0.5
4.0
5.9
6.7
4.0
2.7
5.0
1.9
3.3
5.9
7.2
1.7
-4.6
8.1
1.9
5.2
6.3
5.2
3.1
2.0
7.3
1.5
3.7
3.3
1.4
3.4
-1.0
5.8
-1.6
12M Chg
Cash
(INRb) (%) Holding (%)
347
46.9
3.9
322
50.7
10.2
385
81.5
7.3
186
33.4
5.3
243
64.3
6.6
86
21.8
5.6
103
28.4
7.1
126
64.4
4.4
148
89.3
8.3
78
49.3
7.3
85
70.3
6.6
44
43.2
7.3
30
27.3
4.6
17
15.7
2.9
60
97.3
1.2
51
108.1
1.9
16
38.9
2.7
5
15.9
4.6
8
37.3
5.0
6
25.6
6.3
2,346 49.7
5.5
12.9
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 | September 2017
7

Sector-wise weight:
MoM increase seen in Oil & Gas, Utilities and Metals
In August, MFs showed interest in Oil & Gas, Utilities, Metals, NBFCs, Consumer and Retail—these sectors saw an MoM increase in weight. Banks
(PSU and Private), Autos, Capital Goods, Technology, Healthcare and Infrastructure saw an MoM decrease in weight.
Private Banks (17.4%) had the top sector holding in August, followed by Auto (9.7%), Capital Goods (8.1%) and NBFC (8.1%).
PSU Banks and Infrastructure were the top sectors witnessing a decline in value on an MoM basis.
Sector allocation (%):
Oil, Utilities and Metals see highest increase
Aug Weight (%)
Banks Private
Auto
Capital Goods
NBFC
Technology
Healthcare
Consumer
Oil & Gas
Banks Public
Chemicals
Metals
Cement
Utilities
Infrastructure
Telecom
Media
Textiles
Retail
Real Estate
1.2
1.2
1.1
1.1
1.1
0.5
-
-
-
0.1
Sector value change MoM (%):
Utilities
Retail
Oil & Gas
Metals
0.2
PSU Banks and Infra see highest fall in value
17.0
11.8
11.3
9.7
6.8
5.5
4.3
3.0
2.9
1.2
0.0
-0.3
-0.3
-0.6
-0.7
-1.8
-3.1
-3.9
-11.6
MFs v/s BSE-200 weight (%):
BSE 200 Weight (%)
Banks Private
NBFC
Consumer
Auto
Oil & Gas
Technology
Healthcare
Capital Goods
Metals
Utilities
Banks Public
Cement
Telecom
Chemicals
Infrastructure
Retail
Media
Textiles
Real Estate
6.4
Consumer u/w and Capital Goods o/w
MF Weight (%)
11.5
11.4
18.4
17.4
MoM Chg (pp)
17.4
9.7
8.1
8.1
6.5
6.2
6.4
6.7
4.5
3.6
3.8
3.2
3.4
0.3
0.1
0.6
8.1
Real Estate
Telecom
NBFC
Consumer
Textiles
Cement
Banks Private
Healthcare
Technology
Capital Goods
Media
Auto
Chemicals
Infrastructure
Banks Public
-
0.4
-
9.2
6.5
5.2
6.2
4.4
8.1
3.8
3.8
3.3
3.4
2.7
4.5
2.2
3.2
1.9
1.2
1.2
3.6
1.0
1.2
0.8
1.1
0.8
1.1
0.4
1.1
0.2
0.5
6.7
10.2
9.7
9.7
Fund Folio: Indian Mutual Fund Tracker | September 2017
8

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 (18 funds over-owned), Cement (13 funds
over-owned), Healthcare (8 funds over-owned), PSU Banks (7 funds over-owned) and Metals (7 funds over-owned).
Top sectors where ownership of mutual funds vis-à-vis BSE-200 is at least 1% lower:
Consumer (18 funds under-owned), Oil & Gas (17 funds
under-owned), Technology (17 funds under-owned), NBFCs (16 funds under-owned) and Telecom (14 funds under-owned).
Sector-wise allocation of funds v/s BSE-200 (%)
Sector
BSE200
Aditya
Birla
Sun Life
Axis
BNP
Paribas
Franklin
Canara
DSP
ICICI
Templet HDFC
IDFC
Robeco BlackRock
Pru
on
Invesco
Kotak
Mahindra
L&T
Mirae
Motilal
Principal Reliance SBI Sundaram TATA UTI
Oswal
Auto
Banks PVT
Banks PSU
Cap Goods
Cement
Chemicals
Consumer
Healthcare
Infra
Media
Metals
NBFC
Oil & Gas
Real Estate
Retail
Technology
Telecom
Textiles
Utilities
10.2
18.4
2.7
4.4
2.2
1.2
11.4
5.2
1.0
0.8
3.8
11.5
9.7
0.2
0.8
9.2
1.9
0.4
3.3
10.7
17.5
1.3
6.6
3.8
3.4
10.7
6.2
1.0
1.6
5.7
11.6
6.8
0.2
0.7
5.0
0.7
0.5
2.2
18.5
17.7
0.3
8.5
2.4
5.3
7.0
3.7
0.1
0.2
0.2
19.6
1.8
0.0
3.0
3.9
0.4
1.9
1.4
5.3
23.5
1.4
7.3
4.5
4.9
6.4
2.0
3.3
4.7
5.7
7.8
6.1
0.1
2.6
2.3
1.7
1.3
3.4
10.3
14.7
1.3
8.3
4.8
7.6
12.2
3.8
1.0
1.4
0.1
10.0
7.4
0.5
0.8
2.7
0.1
2.0
3.6
8.9
17.0
3.8
9.3
3.8
6.7
5.8
3.6
1.9
1.1
6.9
7.7
7.8
0.7
0.6
1.3
4.0
0.9
12.6
24.7
4.0
5.0
3.2
1.9
6.0
7.2
1.3
1.1
1.1
3.2
5.4
1.0
2.0
6.4
3.7
1.3
3.2
6.0 9.3 10.9
15.5 15.1 11.2
10.7 4.4
1.8
11.9 6.5 10.2
1.5 1.4
3.9
3.8 2.8 4.0
2.4 6.3 5.9
5.0
8.8
6.1
2.1
1.2 1.0
1.2 0.7 1.3
4.8 5.0
4.6
4.5 6.7 8.4
5.6 6.7 5.2
0.4 0.3 0.9
1.2 0.4
3.1
8.9 10.1 3.4
0.6 2.0 0.8
0.6 0.1
2.4
6.4 6.9
2.5
14.5
19.1
0.9
6.8
1.9
3.6
4.9
3.5
1.6
0.9
3.1
10.2
9.1
0.3
0.9
6.0
1.2
0.1
2.7
10.2
24.2
6.0
6.6
5.5
3.0
5.5
5.2
0.4
1.2
1.8
8.5
10.0
0.6
0.5
3.3
0.5
1.4
1.3
6.7
13.8
3.9
10.3
6.9
4.1
5.3
3.7
0.8
1.0
5.3
8.5
5.8
3.4
3.8
3.0
1.5
2.2
0.7
9.4
20.7
2.6
7.2
4.5
2.7
7.4
7.9
0.7
5.2
5.6
7.4
0.0
5.8
0.3
2.9
1.6
14.1
18.7
0.0
1.3
0.7
0.8
6.9
9.8
0.0
0.0
0.0
21.2
16.0
0.0
0.3
0.9
0.0
0.4
0.0
9.6
15.2
3.7
6.3
7.0
5.3
10.2
5.4
1.3
1.4
2.7
7.7
6.8
0.6
4.8
0.4
2.3
1.8
7.7 9.1
16.1
19.1
6.0
3.5
11.8 6.1
4.7
2.6
4.0 3.1
3.9 9.1
6.6 7.4
1.3 0.8
1.4 0.7
4.5 2.4
5.9
11.4
6.7 8.1
0.6 0.0
1.1 0.6
5.9 6.4
0.8 2.2
0.9 0.9
2.2 2.2
11.1
9.1
1.9
10.9
5.9
8.8
10.0
3.3
1.9
1.6
1.3
10.2
3.4
0.3
1.4
3.7
0.5
3.8
1.6
11.8
18.3
2.0
7.2
6.1
1.9
6.1
5.0
3.4
2.5
2.8
7.7
5.5
0.6
3.1
5.0
0.0
0.8
4.1
14.0
19.1
1.5
5.7
4.0
2.8
8.5
6.3
0.8
0.7
2.8
6.9
6.7
0.2
0.7
10.0
0.4
1.0
2.5
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 | September 2017
9

Nifty-50 snapshot:
MFs net buyers in 74% of the stocks
Highest net buying in August on an MoM basis was witnessed in Bharti Infratel (+115%), NTPC (+50%) and Dr. Reddy’s Lab (+21%).
Company
Bharti Infratel
NTPC
Dr Reddys Labs.
HDFC
GAIL
Sun Pharma
Infosys
Ambuja Cements
Coal India
Hero MotoCorp
HCL Tech.
ONGC
Tata Power
Tata Motors
BPCL
ACC
TCS
L&T
Vedanta
Yes Bank
Lupin
Aurobindo Pharma
IOC
Power Grid
ICICI Bank
Zee Entertainmen
Axis Bank
Cipla
M&M
Asian Paints
Reliance Inds.
ITC
Bajaj Auto
Number of Funds
Value Aug- Value Chg Shares Aug- Shares Chg
Having Exposure
17 (INR B) MoM (%)
17 (M)
MoM (%)
>2%
<2%
7.8
102.1
20.7
115.4
17
84.9
54.3
503.3
50.1
2
16
21.7
2.9
10.7
21.3
17
148.9
12.1
83.9
13.0
9
11
57.8
12.4
153.1
12.2
18
70.5
-1.2
146.5
9.1
1
19
201.8
-2.5
220.1
7.5
10
10
19.1
13.7
68.2
6.7
18
24.6
1.2
104.0
6.5
17
46.8
20.6
11.3
6.1
2
17
68.3
2.7
78.9
5.9
2
17
39.7
-2.1
252.8
5.6
18
12.5
1.9
158.0
5.5
15
59.6
-11.3
158.4
4.9
20
44.2
17.5
83.3
4.5
1
17
12.4
8.4
6.9
4.3
18
43.8
3.8
17.6
3.6
1
17
191.0
-1.2
167.7
3.6
8
12
63.4
13.8
205.5
3.2
1
18
85.2
-0.1
48.6
3.0
4
16
26.9
-2.4
27.5
2.8
19
58.4
4.1
80.2
2.7
1
19
70.6
26.9
155.2
2.6
1
19
69.3
0.4
316.1
2.3
4
16
306.1
1.2
1,022.0
2.3
16
4
24.5
-2.3
47.2
2.0
20
93.6
-1.6
186.4
1.8
3
15
40.7
4.0
71.2
1.8
1
15
65.9
-3.2
49.3
1.6
1
18
21.2
1.9
18.2
1.2
20
116.5
0.3
72.8
1.2
7
13
142.3
-0.2
504.9
1.1
7
13
15.4
1.1
5.5
0.9
19
Company
HDFC Bank
SBI
IndusInd Bank
Bharti Airtel
Kotak Mah. Bank
HUL
Bank of Baroda
UltraTech Cement
Eicher Motors
Tata Steel
Maruti Suzuki
Hindalco
Wipro
Bosch
Adani Ports & SEZ
Tech Mahindra
Indiabulls Hsg Fin
OW/UW to Nifty(pp)
5.2
3.8
1.7
1.7
1.4
1.3
Value Aug- Value Chg Shares Aug- Shares Chg
17 (INR B) MoM (%)
17 (M)
MoM (%)
398.5
230.1
115.4
55.0
117.7
38.9
34.3
24.8
33.7
86.0
132.9
52.0
27.8
15.4
26.2
30.0
8.8
0.2
-10.6
0.8
2.2
-4.5
5.2
-18.0
-2.7
2.9
10.6
-3.0
5.7
-2.2
-15.4
-9.5
-1.5
-10.8
224.3
829.4
69.9
128.6
120.4
31.9
248.3
6.2
1.1
134.8
17.3
218.3
92.9
0.7
66.7
70.0
7.2
0.7
0.7
0.5
0.1
-0.2
-0.4
-1.3
-1.3
-1.6
-1.7
-2.3
-2.4
-5.7
-6.9
-8.8
-11.2
-13.7
Number of Funds
Having Exposure
>2%
<2%
20
0
10
10
10
10
1
18
7
13
20
17
19
1
18
4
15
11
9
18
1
15
16
1
17
19
16
MFs weight in Nifty (%)
29.3
10.5 9.8
8.6
6.9
5.7
5.3
5.3
5.0
5.0
MFs Weight in Nifty (%)
4.1
1.6
1.5
0.7
0.6
Fund Folio: Indian Mutual Fund Tracker | September 2017
10

Top schemes and NAV change:
84% of top-25 schemes close lower MoM
Among the top-25 schemes by AUM, only four schemes saw positive change in August:
Motilal Oswal Most Focused Multicap 35 Fund (+3.1%
MoM change in NAV), IDFC Premier Equity Fund (+1% MoM change in NAV), Franklin India Smaller Companies Fund (+0.3% MoM change in NAV)
and Aditya Birla SL Equity Fund (+0.2% 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)
AXIS Long Term Equity Fund (G)
ICICI Pru Focused Bluechip 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)
IDFC Premier Equity Fund (G)
SBI Magnum Tax Gain Scheme (G)
DSP BR Micro-Cap Fund (G)
Sundaram Select Midcap - (G)
Total AUM (INR B)
198
189
177
171
156
149
144
143
135
114
97
90
87
86
74
69
69
66
66
62
60
59
59
58
56
Equity AUM (INR B)
194
176
168
155
136
147
136
137
121
107
96
88
86
81
51
62
62
63
64
57
56
57
58
56
53
MoM NAV Chg (%)
-3.2
-0.6
-1.8
-1.4
-0.3
-2.9
-0.8
-0.3
-0.2
-2.1
-2.4
-1.2
3.1
-2.2
-1.3
0.2
-2.2
-1.4
-2.2
0.3
-0.8
1.0
-1.4
-2.7
-0.6
12M NAV Chg (%)
17.9
15.0
17.1
7.7
13.2
17.0
14.8
16.7
19.7
12.3
12.3
20.6
31.1
10.9
14.7
20.4
15.0
18.9
20.3
16.7
14.7
14.9
13.2
16.3
17.9
Note:
Equity growth schemes considered for this comparison
Fund Folio: Indian Mutual Fund Tracker | September 2017
11

Value surprise:
Maximum MoM change in NTPC, HDFC, IOCL and HPCL
In August, four of the top-10 stocks that saw maximum change in value were from Oil & Gas. NTPC, HDFC, IOCL, HPCL and Tata Steel saw maximum
value change on an MoM basis.
SBI, Tata Motors, BOB, Tube Investments and Tata Motors-DVR saw a maximum decline in value.
Top-10 stocks by change in value
Company
NTPC
HDFC
IOCL
HPCL
Tata Steel
Hero MotoCorp
Vedanta
BPCL
GAIL (India)
RBL Bank
Value Aug-17
(INR B)
84.9
148.9
70.6
52.8
86.0
46.8
63.4
44.2
57.8
14.3
Value Chg MoM
(INR B)
29.9
16.1
15.0
13.0
8.3
8.0
7.7
6.6
6.4
5.5
Value Chg
MoM (%)
54.3
12.1
26.9
32.6
10.6
20.6
13.8
17.5
12.4
63.1
Shares
Aug-17 (M)
503.3
83.9
155.2
108.5
134.8
11.3
205.5
83.3
153.1
26.0
Shares Chg
MoM (M)
168.1
9.7
4.0
4.5
-2.3
0.6
6.4
3.6
16.7
9.6
Shares Chg
MoM (%)
50.1
13.0
2.6
4.3
-1.7
6.1
3.2
4.5
12.2
58.4
Price Chg
MoM (%)
2.8
-0.6
23.6
27.3
12.4
9.4
10.2
12.3
0.4
1.9
%
AUM
1.2
2.1
1.0
0.7
1.2
0.7
0.9
0.6
0.8
0.2
Bottom-10 stocks by change in value
Company
SBI
Tata Motors
BOB
Tube Investments
Tata Motors-DVR
Kotak Mah Bank
Infosys
Maruti Suzuki
Federal Bank
UPL
Value Aug-17
(INR B)
230.1
59.6
34.3
12.9
28.7
117.7
201.8
132.9
58.4
41.3
Value Chg MoM
(INR B)
-27.4
-7.6
-7.5
-6.9
-6.1
-5.5
-5.2
-4.0
-3.1
-3.0
Value Chg
MoM (%)
-10.6
-11.3
-18.0
-34.8
-17.6
-4.5
-2.5
-3.0
-5.1
-6.8
Shares
Aug-17 (M)
829.4
158.4
248.3
25.0
130.8
120.4
220.1
17.3
539.1
49.6
Shares Chg
MoM (M)
5.4
7.4
-3.2
-0.5
-3.0
-0.2
15.4
-0.4
5.3
-0.9
Shares Chg
MoM (%)
0.7
4.9
-1.3
-1.8
-2.2
-0.2
7.5
-2.3
1.0
-1.8
Price Chg
MoM (%)
-11.3
-15.3
-16.9
4.1
-15.8
-4.3
-9.5
-0.1
-5.9
-5.1
%
AUM
3.3
0.8
0.5
0.2
0.4
1.7
2.9
1.9
0.8
0.6
Fund Folio: Indian Mutual Fund Tracker | September 2017
12

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

HDFC:
Equity AUM INR1088b
Top company holdings (%)
Aug-17
ICICI Bank
SBI
L&T
Infosys
HDFC Bank
Reliance Inds
Tata Steel
Power Grid
Aurobindo
NTPC
2.6
2.6
2.4
2.3
2.3
Chg MoM (pp)
6.6
0.1
6.0
5.3
5.1
4.5
-0.5
-0.2
0.3
0.0
-0.1
0.3
0.1
0.1
1.3
ICICI Prudential:
Equity AUM INR958b
Top company holdings (%)
Aug-17
ICICI Bank
Infosys
HDFC Bank
L&T
SBI
NTPC
Sun Pharma
Axis Bank
HCL Tech
Cipla
Chg MoM (pp)
4.9
0.2
4.1
4.1
4.1
3.9
3.3
3.1
2.5
2.1
2.1
0.6
-0.6
0.2
-0.5
0.6
0.0
-0.1
0.2
-0.2
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Cap Goods
Banks PSU
Technology
Auto
Utilities
Oil & Gas
Healthcare
Metals
NBFC
Chg MoM (pp)
15.5
-0.1
-0.4
11.9
10.7
8.9
6.6
6.4
5.6
5.0
4.8
4.5
-1.1
0.2
-1.1
1.5
0.2
0.2
0.4
0.2
Top sector allocation (%)
Weight (%)
Banks Pvt
Technology
Auto
Healthcare
Utilities
Oil & Gas
NBFC
Cap Goods
Consumer
Metals
Chg MoM (pp)
15.1
-0.7
0.4
10.1
-0.4
9.3
-0.4
8.8
0.5
6.9
0.3
6.7
6.7
6.5
6.3
5.0
0.2
0.2
0.0
0.1
Top change by market value
Company
NTPC
Infosys
Tata Steel
GAIL
Vedanta
ICICI Bank
Aurobindo
Cipla
Concor
Power Grid
Mkt Value Shares Chg
Chg (INR b)
('000)
14.56
84,573
3.73
9,446
2.97
-261
2.31
5,982
1.99
1,098
1.63
9,023
1.45
1,692
1.19
1,760
1.00
525
0.97
6,528
Top change in weight (%)
Company
NTPC
Infosys
Tata Steel
GAIL
Vedanta
Aurobindo
ICICI Bank
Cipla
Concor
Cochin Shipyard
Chg MoM Current
(pp)
Weight
1.33
2.28
0.31
5.09
0.26
2.58
0.20
1.20
0.17
1.65
0.12
2.33
0.10
6.61
0.10
0.93
0.09
0.28
0.09
0.09
Top change by market value
Company
NTPC
Infosys
HDFC
ICICI Bank
HCL Tech
L&T
IOCL
Max Financial
ONGC
GAIL
Mkt Value Shares Chg
Chg (INR b)
('000)
6.83
36,428
6.50
10,525
4.82
2,769
3.50
13,938
2.78
3,841
2.64
3,862
2.43
-2,752
2.32
3,973
1.95
17,681
1.25
3,199
Top change in weight (%)
Company
NTPC
Infosys
HDFC
HCL Tech
ICICI Bank
Max Financial
IOCL
ONGC
L&T
BOB
Chg MoM Current
(pp)
Weight
0.64
3.27
0.58
4.11
0.46
2.05
0.24
2.14
0.23
4.89
0.22
0.83
0.21
1.87
0.17
1.38
0.16
4.06
0.11
0.30
Top scheme by NAV change
Scheme Name
HDFC Capital Builder -(G)
HDFC Small Cap Fund (G)
HDFC Core & Satellite Fund (G)
HDFC Mid-Cap Opportunities Fund (G)
HDFC Growth Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
17.5
16.2
-0.9
12.4
11.2
-1.5
6.3
6.2
-1.7
177.1
167.7
-1.8
11.2
10.8
-2.1
Top scheme by NAV change
Scheme Name
ICICI Pru Value Fund - Series 14 - Regular (G)
ICICI Pru MidCap Fund (G)
ICICI Pru Focused Bluechip Equity Fund (G)
ICICI Pru Value Fund - Series 15 - Regular (G)
ICICI Pru Infrastructure Fund - (G)
Total AUM Equity AUM MoM NAV
(INR B)
Chg (%)
(INR B)
5.4
4.8
0.8
12.7
11.6
0.1
143.4
136.7
-0.3
5.6
5.1
-0.7
17.4
17.1
-0.7
Fund Folio: Indian Mutual Fund Tracker | September 2017
14

SBI:
Equity AUM INR857b
Top company holdings (%)
Aug-17
HDFC Bank
ICICI Bank
HDFC
ITC
Reliance Inds
SBI
Kotak M Bank
L&T
Infosys
Bharti Airtel
Chg MoM (pp)
8.1
0.1
-0.1
4.3
0.3
4.0
-0.1
0.0
-0.7
-0.1
-0.2
-0.8
0.3
Reliance:
Equity AUM INR741b
Top sector allocation (%)
Weight (%)
Banks Pvt
NBFC
Auto
Consumer
Oil & Gas
Healthcare
Technology
Cap Goods
Banks PSU
Chemicals
Chg MoM (pp)
HDFC Bank
SBI
ICICI Bank
Infosys
IOCL
Tata Steel
L&T
HCL Tech
TVS Motor
ONGC
2.4
2.2
1.9
1.8
1.7
1.6
3.1
19.1
-0.1
11.4
0.2
-0.1
9.2
0.1
9.1
0.7
8.1
-0.5
7.4
6.4
6.1
3.5
3.1
-0.7
0.0
-0.7
-0.2
Back to
Snapshot
Top company holdings (%)
Aug-17
Chg MoM (pp)
5.7
0.1
4.7
4.4
-0.4
0.0
-0.5
0.5
0.4
-0.1
-0.1
0.0
-0.3
Top sector allocation (%)
Weight (%)
Banks Pvt
Cap Goods
Auto
Oil & Gas
Healthcare
Banks PSU
Technology
NBFC
Cement
Metals
7.7
6.7
6.6
6.0
5.9
5.9
4.7
4.5
Chg MoM (pp)
16.1
0.1
11.8
-0.4
0.1
0.2
0.3
-0.6
-0.4
-0.3
0.2
0.4
3.9
3.9
3.4
3.3
2.6
2.1
1.7
Top change by market value
Company
HDFC
NTPC
Bharti Airtel
HDFC Bank
IOCL
HPCL
Hero MotoCorp
Grasim
Bharti Infratel
GAIL
Mkt Value Shares Chg
Chg (INR b)
('000)
3.04
1,831
2.52
14,364
2.51
5,282
2.42
1,529
2.30
1,665
1.83
834
1.78
233
1.35
946
1.33
3,827
1.27
3,331
Top change in weight (%)
Company
NTPC
HDFC
Bharti Airtel
IOCL
HPCL
Hero MotoCorp
Grasim
Bharti Infratel
GAIL
HUL
Chg MoM Current
(pp)
Weight
0.28
0.72
0.27
4.03
0.26
1.66
0.25
1.03
0.20
0.82
0.18
1.27
0.15
0.38
0.15
0.35
0.14
0.34
0.11
0.91
Top change by market value
Company
IOCL
Cochin Shipyard
Tata Steel
TI Financial
RBL Bank
Grasim
Max Financial
Info Edge
Cipla
Petronet LNG
Mkt Value Shares Chg
Chg (INR b)
('000)
3.80
1,057
3.59
6,989
2.63
1,487
1.80
2,644
1.78
3,264
1.65
484
0.86
1,629
0.81
864
0.79
1,231
0.78
2,063
Top change in weight (%)
Company
IOCL
Cochin Shipyard
Tata Steel
TI Financial
RBL Bank
Grasim
Max Financial
Info Edge
Cipla
Petronet LNG
Chg MoM Current
(pp)
Weight
0.52
2.40
0.48
0.48
0.36
2.17
0.24
0.24
0.24
0.29
0.23
1.47
0.12
1.39
0.11
0.20
0.11
0.65
0.11
0.47
Top scheme by NAV change
Scheme Name
SBI FMCG Fund (G)
SBI Magnum Multicap Fund (G)
SBI Small & Midcap Fund (G)
SBI Equity Opportunities Fund - Sr.I (G)
SBI Magnum Multiplier Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
3.4
3.4
2.4
29.5
28.8
1.1
7.3
6.6
0.9
5.8
5.5
0.7
19.3
18.3
0.0
Top scheme by NAV change
Scheme Name
Reliance Diversified Power Sector (G)
Reliance Retirement Fund-Wealth Creation (G)
Reliance Small Cap Fund (G)
Reliance Vision Fund - (G)
Reliance Focused Large Cap Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
18.6
18.1
0.2
9.0
8.5
-0.2
43.7
40.6
-0.5
33.3
31.2
-0.9
12.8
12.2
-1.1
Fund Folio: Indian Mutual Fund Tracker | September 2017
15

Aditya Birla Sun Life:
Equity AUM INR621b
UTI:
Equity AUM INR482b
Top company holdings (%)
Aug-17
HDFC Bank
ICICI Bank
Maruti Suzuki
ITC
Yes Bank
Infosys
Vedanta
IndusInd Bank
Kotak M Bank
Hindalco
2.9
2.8
2.6
2.4
2.3
2.2
2.2
1.9
Chg MoM (pp)
4.4
0.1
4.3
-0.1
-0.1
-0.1
-0.1
0.0
0.2
0.0
-0.1
0.1
Banks Pvt
NBFC
Auto
Consumer
Oil & Gas
Cap Goods
Healthcare
Metals
Technology
Cement
6.8
6.6
6.2
5.7
5.0
3.8
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
17.5
-0.4
0.0
11.6
-0.4
10.8
10.7
0.1
1.4
-0.2
-0.1
0.3
0.1
0.0
Top company holdings (%)
Aug-17
HDFC Bank
ICICI Bank
Infosys
Maruti Suzuki
IndusInd Bank
ITC
TCS
HDFC
Reliance Inds
Kotak M Bank
Chg MoM (pp)
6.4
4.1
4.0
3.3
3.0
2.8
2.3
1.9
1.7
1.7
0.0
0.0
-0.3
0.0
0.0
0.0
0.1
0.1
0.1
-0.1
Top sector allocation (%)
Weight (%)
Banks Pvt
Auto
Technology
Consumer
NBFC
Oil & Gas
Healthcare
Cap Goods
Cement
Metals
Chg MoM (pp)
-0.4
-0.6
-0.1
0.3
0.1
0.5
-0.3
-0.1
0.0
0.3
19.1
14.2
10.0
8.5
6.9
6.7
6.3
5.7
4.0
2.8
Top change by market value
Company
HPCL
Vedanta
Whirlpool
MRPL
HDFC
GAIL
NTPC
IOCL
L&T Fin Holdings
CPCL
Mkt Value Shares Chg
Chg (INR b)
('000)
3.27
1,872
1.75
1,374
1.50
1,260
1.48
10,017
1.45
844
1.36
3,539
1.16
6,125
1.15
925
1.07
-236
0.99
1,563
Top change in weight (%)
Company
HPCL
Vedanta
Whirlpool
MRPL
HDFC
GAIL
IOCL
NTPC
CPCL
L&T Fin Holdings
Chg MoM Current
Weight
(pp)
0.50
1.91
0.24
2.34
0.24
0.40
0.24
0.36
0.21
1.50
0.20
0.87
0.18
0.68
0.17
0.95
0.15
0.45
0.15
1.41
Top change by market value
Company
TI Financial
NTPC
IOCL
Concor
Grasim
Vedanta
TCS
Tata Global Bev.
GAIL
Coal India
Mkt Value Shares Chg
Chg (INR b)
('000)
1.55
2,893
1.39
8,031
1.03
-138
0.84
271
0.68
254
0.67
649
0.58
225
0.48
1,169
0.46
1,184
0.42
1,978
Top change in weight (%)
Company
TI Financial
NTPC
IOCL
Concor
Grasim
Vedanta
TCS
Tata Global Bev.
GAIL
Coal India
Chg MoM Current
(pp)
Weight
0.32
0.32
0.29
0.55
0.21
1.17
0.17
0.83
0.14
0.80
0.14
1.07
0.12
2.25
0.10
0.41
0.10
0.94
0.09
0.32
Top scheme by NAV change
Scheme Name
Aditya Birla SL Pure Value Fund (G)
Aditya Birla SL Infrastructure Fund - (G)
Aditya Birla SL Advantage Fund (G)
Aditya Birla SL Midcap Fund - (G)
Aditya Birla SL Equity Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
16.2
15.8
5.1
6.1
5.7
2.4
42.6
40.3
1.6
22.3
20.3
0.6
69.2
62.0
0.2
Top scheme by NAV change
Scheme Name
UTI-Wealth Builder Fund (G)
UTI-Dividend Yield Fund (G)
UTI-MNC Fund (G)
UTI-Opportunities Fund (G)
UTI-Master Equity Plan Unit Scheme
Total AUM Equity AUM MoM NAV
(INR B)
Chg (%)
(INR B)
9.5
6.2
-0.1
27.2
26.7
-0.3
19.1
19.0
-0.3
42.1
40.9
-0.4
18.6
18.5
-0.8
Fund Folio: Indian Mutual Fund Tracker | September 2017
16

Franklin:
Equity AUM INR468b
Top company holdings (%)
Aug-17
HDFC Bank
ICICI Bank
Axis Bank
Yes Bank
SBI
Bharti Airtel
Infosys
M&M
IndusInd Bank
NTPC
Chg MoM (pp)
8.3
0.0
-0.1
4.0
-0.1
3.7
0.0
3.7
-0.4
-0.2
-0.1
0.0
0.1
0.4
DSP
BlackRock:
Equity AUM INR322b
Top company holdings (%)
Aug-17
HDFC Bank
ICICI Bank
Yes Bank
ITC
SBI
Maruti Suzuki
L&T
Bajaj Finance
HDFC
Tata Steel
24.7
-0.2
-0.3
0.2
0.0
0.2
0.3
0.1
-0.5
-0.3
0.0
Chg MoM (pp)
5.1
0.1
3.1
-0.1
3.0
2.9
2.8
2.5
2.4
2.4
2.2
2.2
-0.2
0.0
-0.9
0.0
0.0
0.4
0.6
0.3
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Auto
Healthcare
Technology
Consumer
Oil & Gas
Cap Goods
Banks PSU
Telecom
NBFC
Chg MoM (pp)
12.6
7.2
6.4
6.0
5.4
5.0
4.0
3.7
3.2
Top sector allocation (%)
Weight (%)
Banks Pvt
Cap Goods
Auto
Oil & Gas
NBFC
Metals
Chemicals
Consumer
Textiles
Cement
Chg MoM (pp)
17.0
-0.6
9.3
8.9
7.8
7.7
6.9
6.7
5.8
4.0
3.8
0.0
0.3
1.1
0.9
0.6
-0.3
0.2
-0.1
0.0
3.5
3.1
2.4
2.2
2.1
2.0
Top change by market value
Company
NTPC
IOCL
Dr Lal Pathlabs
Sobha
Ipca Lab
Finolex Cables
Tech Mahindra
Equitas Holdings
Bata India
Petronet LNG
Mkt Value Shares Chg
Chg (INR b)
('000)
1.51
7,700
1.34
50
1.24
1,546
1.19
3,088
0.65
1,775
0.59
0
0.51
53
0.51
1,511
0.46
30
0.45
0
Top change in weight (%)
Company
NTPC
IOCL
Dr Lal Pathlabs
Sobha
Finolex Cables
Ipca Lab
Equitas Holdings
Tech Mahindra
BPCL
Petronet LNG
Chg MoM Current
(pp)
Weight
0.36
1.95
0.31
1.47
0.27
0.40
0.26
0.59
0.14
0.95
0.14
0.29
0.13
1.24
0.13
1.06
0.12
1.61
0.12
0.94
Top change by market value
Company
HDFC
HPCL
Hero MotoCorp
Bajaj Finance
BPCL
Tata Steel
Vedanta
MMFS
HUL
IOCL
Mkt Value Shares Chg
Chg (INR b)
('000)
2.03
1,164
1.56
515
1.40
336
1.30
566
1.15
1,005
1.12
609
0.79
1,477
0.70
1,627
0.67
505
0.54
667
Top change in weight (%)
Company
HDFC
HPCL
Hero MotoCorp
Bajaj Finance
BPCL
Tata Steel
Vedanta
MMFS
HUL
IOCL
Chg MoM Current
(pp)
Weight
0.63
2.21
0.48
1.97
0.44
0.62
0.40
2.36
0.36
1.92
0.35
2.17
0.25
1.25
0.22
0.22
0.21
0.49
0.17
0.48
Top scheme by NAV change
Scheme Name
Franklin India Smaller Companies Fund (G)
Templeton India Growth Fund - (G)
Franklin India Flexi Cap Fund (G)
Franklin India Taxshield - (G)
Franklin India Prima Fund - (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
61.6
57.2
0.3
5.9
5.5
-0.7
28.8
26.7
-0.8
32.0
29.1
-0.8
59.8
55.6
-0.8
Top scheme by NAV change
Scheme Name
DSP BR Natural Resources & New Energy Fund (G)
DSP BR Tax Saver Fund (G)
DSP BR Opportunities Fund (G)
DSP BR Equity Fund (G)
DSP BR India T.I.G.E.R. Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
2.9
2.7
6.9
31.4
30.1
0.1
33.6
31.7
0.0
24.2
23.7
-0.1
16.1
15.7
-0.3
Fund Folio: Indian Mutual Fund Tracker | September 2017
17

Kotak Mahindra
:
Equity AUM INR315b
Top company holdings (%)
Aug-17
HDFC Bank
ICICI Bank
SBI
IndusInd Bank
Reliance Inds
ITC
Hero MotoCorp
HDFC
Infosys
Axis Bank
3.1
2.5
2.4
2.3
2.1
2.1
Chg MoM (pp)
8.2
-0.1
-0.1
4.7
4.5
3.5
-0.4
0.1
0.1
-0.3
0.4
0.6
0.1
-0.2
Axis:
Equity AUM INR237b
Top company holdings (%)
Aug-17
HDFC Bank
Kotak M Bank
HDFC
Maruti Suzuki
Bajaj Finance
Motherson Sumi
Pidilite Inds
L&T
GRUH Fin.
Avenue Super.
Chg MoM (pp)
7.8
-0.1
6.7
5.9
5.6
4.9
3.7
3.4
3.3
3.1
2.8
-0.8
0.2
0.0
-0.3
-0.2
0.0
-0.5
0.1
0.3
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Auto
Oil & Gas
NBFC
Cap Goods
Banks PSU
Consumer
Cement
Healthcare
Technology
Chg MoM (pp)
24.2
0.4
-0.3
10.2
0.7
10.0
0.4
-0.3
-0.6
-0.3
-0.3
0.1
-0.1
Top sector allocation (%)
Weight (%)
NBFC
Auto
Banks Pvt
Cap Goods
Consumer
Chemicals
Technology
Healthcare
Retail
Cement
Chg MoM (pp)
19.6
0.3
18.5
-0.3
17.7
-0.6
-0.8
-0.1
-0.7
0.6
0.2
0.4
0.5
8.5
6.6
6.0
5.5
5.5
5.2
3.3
8.5
7.0
5.3
3.9
3.7
3.0
2.4
Top change by market value
Company
RBL Bank
HDFC
Hero MotoCorp
BPCL
HPCL
Interglobe Aviation
HDFC Bank
Yes Bank
Sun Pharma
IndusInd Bank
Mkt Value Shares Chg
Chg (INR b)
('000)
2.63
4,477
2.14
1,299
1.35
-268
0.96
1,127
0.83
75
0.76
628
0.70
441
0.60
349
0.59
1,547
0.57
536
Top change in weight (%)
Company
RBL Bank
HDFC
Hero MotoCorp
BPCL
Interglobe Aviation
HPCL
ONGC
Sun Pharma
Yes Bank
Vedanta
Chg MoM Current
(pp)
Weight
0.81
1.43
0.62
2.31
0.36
2.45
0.28
1.05
0.24
0.30
0.23
1.33
0.17
0.38
0.17
0.81
0.16
1.02
0.16
0.62
Top change by market value
Company
HDFC
Avenue Super.
HDFC Bank
Endurance Tech
Maruti Suzuki
Sun Pharma
Page Industries
TI Financial
Britannia
MMFS
Mkt Value Shares Chg
Chg (INR b)
('000)
1.35
810
1.05
301
0.90
550
0.87
508
0.84
120
0.73
1,732
0.70
22
0.70
1,759
0.67
127
0.64
1,446
Top change in weight (%)
Company
TI Financial
Avenue Super.
Sun Pharma
Endurance Tech
MMFS
Hero MotoCorp
Britannia
HDFC
ACC
IOCL
Chg MoM Current
Weight
(pp)
0.29
0.29
0.29
2.82
0.28
0.77
0.27
1.87
0.26
0.44
0.24
0.36
0.24
0.97
0.24
5.86
0.23
0.42
0.22
0.22
Top scheme by NAV change
Scheme Name
Kotak Infrastructure & Economic Reform-SP (G)
Kotak Select Focus Fund (G)
Kotak Opportunities (G)
Kotak Emerging Equity Fund (G)
Kotak 50 (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
3.3
3.2
-0.1
134.9
121.0
-0.2
18.2
17.2
-0.3
23.0
21.9
-0.5
13.8
13.3
-1.6
Top scheme by NAV change
Scheme Name
AXIS Equity Advantage Fund - Series 1 (G)
AXIS Equity Fund (G)
AXIS Midcap Fund (G)
AXIS Focused 25 Fund (G)
AXIS Long Term Equity Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
8.9
5.8
1.8
18.5
16.7
0.8
12.3
11.5
0.6
18.3
16.1
0.6
143.6
136.0
-0.8
Fund Folio: Indian Mutual Fund Tracker | September 2017
18

L&T:
Equity AUM INR206b
Top company holdings (%)
Aug-17
ICICI Bank
HDFC
ITC
HDFC Bank
L&T
SBI
Future Retail
Ramco Cements
Axis Bank
HPCL
2.9
2.8
2.6
2.0
1.7
1.7
1.7
Chg MoM (pp)
-0.2
4.0
3.8
3.6
0.2
-0.2
0.0
-0.2
-0.3
0.4
0.0
0.0
1.0
Sundaram:
Equity AUM INR145b
Top company holdings (%)
Aug-17
Bajaj Finserv
HDFC Bank
UPL
Ramco Cements
Schaeffler India
Karur Vysya Bk
Honeywell Autom.
Sundaram Clayton
Timken India
DCB Bank
Chg MoM (pp)
2.0
2.0
1.6
1.6
1.6
1.4
1.4
1.4
1.3
1.3
0.2
0.1
-0.2
0.0
0.1
0.0
0.1
0.0
0.0
0.0
Auto
Cap Goods
NBFC
Consumer
Banks Pvt
Chemicals
Cement
Textiles
Technology
Oil & Gas
3.8
3.7
3.4
5.9
-0.5
-0.3
0.3
-0.2
-0.2
1.3
0.4
-0.2
-0.1
-1.2
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Cap Goods
NBFC
Cement
Auto
Oil & Gas
Metals
Consumer
Chemicals
Banks PSU
Chg MoM (pp)
13.8
10.3
8.5
6.9
6.8
5.8
5.3
5.3
4.0
3.9
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
11.1
-0.2
10.9
0.0
0.6
10.2
10.0
9.1
8.8
0.5
-0.2
-0.4
-0.1
0.1
0.0
0.1
Top change by market value
Company
HPCL
Future Retail
TI Financial
Max Financial
Hero MotoCorp
IOCL
HDFC
Oberoi Realty
Future Lifestyle
Vedanta
Mkt Value Shares Chg
Chg (INR b)
('000)
2.07
3,471
1.01
2
0.83
2,104
0.75
1,289
0.72
155
0.65
726
0.63
382
0.61
1,632
0.55
759
0.54
1,481
Top change in weight (%)
Company
HPCL
Future Retail
TI Financial
Hero MotoCorp
Max Financial
IOCL
Oberoi Realty
Vedanta
Future Lifestyle
Poddar Hsg & Dev.
Chg MoM Current
Weight
(pp)
0.99
1.67
0.44
2.01
0.40
0.40
0.33
0.91
0.33
1.45
0.30
0.98
0.29
0.60
0.25
0.64
0.24
1.15
0.24
0.24
Top change by market value
Company
JM Financial
Security & Intell.
Bajaj Finserv
Thyrocare Tech
Heritage Foods
Max Financial
V-Guard Inda
Schaeffler India
Astec Lifesciences
Ujjivan Financial
Mkt Value Shares Chg
Chg (INR b)
('000)
0.69
5,115
0.31
428
0.27
-1
0.25
373
0.25
0
0.22
394
0.22
819
0.21
5
0.20
350
0.20
227
Top change in weight (%)
Company
JM Financial
Security & Intell.
Bajaj Finserv
Thyrocare Tech
Heritage Foods
Max Financial
V-Guard Inds
Schaeffler India
Astec Lifesciences
Ujjivan Financial
Chg MoM Current
(pp)
Weight
0.48
0.50
0.21
0.59
0.18
2.03
0.17
0.25
0.17
0.90
0.15
0.86
0.15
1.13
0.14
1.56
0.14
0.14
0.14
0.73
Top scheme by NAV change
Scheme Name
L&T Infrastructure Fund (G)
L&T Business Cycles Fund (G)
L&T Tax Advantage Fund (G)
L&T India Value Fund (G)
L&T Midcap Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
7.3
7.1
1.5
9.9
9.8
1.0
24.9
23.7
0.5
52.6
47.5
0.2
11.9
10.7
0.0
Top scheme by NAV change
Scheme Name
Sundaram Rural India Fund (G)
Sundaram Infrastructure Advantage Fund (G)
Sundaram Select Midcap - (G)
Sundaram Select Focus - (G)
Sundaram Equity Multiplier Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
16.0
14.4
0.8
6.5
6.3
-0.1
56.0
53.1
-0.6
5.0
4.6
-0.7
2.9
2.7
-1.5
Fund Folio: Indian Mutual Fund Tracker | September 2017
19

IDFC:
Equity AUM INR138b
Top company holdings (%)
Aug-17
HDFC Bank
Infosys
Maruti Suzuki
Kotak M Bank
Voltas
Future Retail
JM Financial
Concor
Sun Pharma
Ambuja Cements
Chg MoM (pp)
2.7
-0.3
2.2
2.2
2.0
1.9
1.8
1.6
1.6
1.6
1.6
0.3
0.1
-0.1
0.0
0.4
0.1
0.2
-0.6
0.0
Tata:
Equity AUM INR122b
Top company holdings (%)
Aug-17
HDFC Bank
ICICI Bank
Yes Bank
Power Grid
ITC
Maruti Suzuki
Reliance Inds
HCL Tech
L&T
Future Retail
11.2
-0.8
10.9
0.6
10.2
-0.2
8.4
6.1
5.9
5.2
4.6
4.0
3.9
-0.1
-0.8
-0.1
0.1
-0.1
-0.1
0.0
Chg MoM (pp)
5.4
0.0
-0.2
4.4
4.3
3.3
2.8
2.3
2.1
2.1
2.0
1.8
-0.1
-0.1
0.0
0.0
-0.1
-0.1
-0.1
0.5
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Auto
Cap Goods
NBFC
Healthcare
Consumer
Oil & Gas
Metals
Chemicals
Cement
Chg MoM (pp)
Top sector allocation (%)
Weight (%)
Banks Pvt
Auto
NBFC
Cap Goods
Consumer
Cement
Oil & Gas
Technology
Healthcare
Utilities
Chg MoM (pp)
11.8
7.7
7.2
6.1
6.1
5.5
5.0
5.0
4.1
18.3
-0.4
0.4
0.2
-0.3
0.2
0.2
0.0
-0.5
-0.6
-0.1
Top change by market value
Company
Future Retail
Infosys
NTPC
MRF
Bharti Infratel
IOCL
TI Financial
UPL
Concor
CEAT
Mkt Value Shares Chg
Chg (INR b)
('000)
0.67
126
0.46
770
0.42
2,428
0.39
7
0.37
991
0.37
545
0.37
985
0.34
428
0.30
0
0.29
177
Top change in weight (%)
Company
Future Retail
NTPC
Infosys
Bharti Infratel
TI Financial
IOCL
MRF
UPL
CEAT
PNB Hsg Fin.
Chg MoM Current
(pp)
Weight
0.45
1.83
0.30
0.62
0.28
2.23
0.27
0.28
0.27
0.27
0.26
0.64
0.26
1.08
0.24
0.49
0.21
0.27
0.20
0.35
Top change by market value
Company
Future Retail
Apollo Tyres
Concor
Adani Ports
TCS
Ambuja Cements
Bata India
Finolex Cables
Hindalco
Ashok Leyland
Mkt Value Shares Chg
Chg (INR b)
('000)
0.63
200
0.55
2,250
0.54
349
0.41
1,035
0.37
150
0.37
1,300
0.30
414
0.29
205
0.27
900
0.25
2,407
Top change in weight (%)
Company
Future Retail
Apollo Tyres
Concor
Adani Ports
TCS
Ambuja Cements
Bata India
Finolex Cables
Hindalco
Ashok Leyland
Chg MoM Current
(pp)
Weight
0.51
1.83
0.45
0.84
0.44
0.86
0.33
0.33
0.31
0.35
0.30
0.40
0.24
0.31
0.23
1.18
0.22
0.74
0.20
0.61
Top scheme by NAV change
Scheme Name
IDFC Sterling Equity Fund (G)
IDFC Focused Equity Fund (G)
IDFC Tax Advantage (ELSS) Fund (G)
IDFC Premier Equity Fund (G)
IDFC Infrastructure Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
16.4
15.7
2.7
3.9
3.7
2.0
6.7
6.5
1.5
59.1
56.6
1.0
4.4
4.1
0.3
Top scheme by NAV change
Scheme Name
Tata India Consumer Fund (G)
Tata Retirement Savings Fund - Progressive (G)
Tata Equity P/E Fund - (G)
Tata India Tax Savings Fund (G)
Tata Mid Cap Growth Fund - (G)
Total AUM Equity AUM MoM NAV
Chg (%)
(INR B)
(INR B)
2.0
1.8
3.9
2.7
2.5
1.8
16.3
15.7
0.8
8.0
7.6
-0.1
6.4
6.3
-0.2
Fund Folio: Indian Mutual Fund Tracker | September 2017
20

Motilal Oswal:
Equity AUM INR122b
Top company holdings (%)
Aug-17
HDFC
HDFC Bank
Maruti Suzuki
HPCL
BPCL
IndusInd Bank
PNB Hsg Fin.
Bajaj Finance
Eicher Motors
Max Financial
Chg MoM (pp)
8.3
-0.6
8.1
-0.3
6.9
5.8
5.7
5.3
5.1
5.1
4.8
4.8
-0.3
1.5
0.8
-0.2
0.4
-0.2
-0.2
-0.2
Mirae Asset:
Equity AUM INR98b
Top company holdings (%)
Aug-17
ICICI Bank
HDFC Bank
IndusInd Bank
Grasim
Tata Steel
Kotak M Bank
HPCL
Federal Bank
Havells India
Tata Global Bev.
2.4
2.4
2.4
Chg MoM (pp)
4.9
-0.3
0.1
4.6
3.7
3.5
3.5
3.4
2.9
-0.1
0.3
0.3
-0.3
0.6
-0.2
0.1
0.6
Back to
Snapshot
Top sector allocation (%)
Weight (%)
NBFC
Banks Pvt
Oil & Gas
Auto
Healthcare
Consumer
Cap Goods
Technology
Chemicals
Cement
Chg MoM (pp)
21.2
-0.4
-0.1
18.7
2.9
16.0
-1.2
14.1
-0.8
9.8
0.2
6.9
0.0
1.3
-0.3
0.9
-0.4
0.8
0.0
0.7
Top sector allocation (%)
Weight (%)
Banks Pvt
Auto
Healthcare
Consumer
Oil & Gas
Cap Goods
Technology
NBFC
Metals
Cement
9.4
7.9
7.4
7.4
7.2
5.8
5.6
5.2
4.5
Chg MoM (pp)
20.7
0.3
-0.5
-1.2
0.4
0.7
-0.1
0.4
0.0
0.4
0.2
Top change by market value
Company
HPCL
BPCL
RBL Bank
PNB Hsg Fin.
Britannia
Petronet LNG
Page Inds
Kajaria Ceramics
HDFC Bank
Jubilant Life
Scheme Name
Motilal
Motilal
Motilal
Motilal
Oswal
Oswal
Oswal
Oswal
Top change in weight (%)
Company
HPCL
BPCL
RBL Bank
Top change by market value
Company
Yes Bank
Cochin Shipyard
HPCL
Tata Global Bev.
Infosys
Tata Steel
Grasim
Adani Ports
HDFC Bank
Petronet LNG
Scheme Name
Mirae Asset Great Consumer Fund (G)
Mirae Asset India Opportunities Fund (G)
Mirae Asset Tax Saver Fund (G)
Mirae Asset Emerging Bluechip Fund (G)
Top change in weight (%)
Company
Yes Bank
Cochin Shipyard
Infosys
HPCL
Tata Global Bev.
Tata Steel
Grasim
Adani Ports
Finolex Cables
Petronet LNG
Chg MoM Current
(pp)
Weight
1.01
1.34
0.90
0.90
0.61
1.98
0.60
2.89
0.60
2.38
0.28
3.50
0.27
3.54
0.27
2.21
0.20
0.69
0.20
1.27
Mkt Value Shares Chg
Chg (INR b)
('000)
2.23
1,831
1.40
1,372
0.95
1,593
0.90
267
0.80
140
0.73
1,618
0.50
28
0.49
700
0.49
297
0.46
756
Britannia
Page Inds
Kajaria Ceramics
Petronet LNG
PNB Hsg Fin.
Astral Poly Technik
IOCL
Chg MoM Current
(pp)
Weight
1.48
5.83
0.75
5.68
0.47
4.27
0.47
2.81
0.41
0.41
0.40
0.40
0.37
3.19
0.36
5.09
0.31
0.54
0.29
1.33
Mkt Value Shares Chg
Chg (INR b)
('000)
1.00
579
0.88
1,715
0.67
159
0.65
1,830
0.64
836
0.38
0
0.38
15
0.33
867
0.25
153
0.23
510
Top scheme by NAV change
Total AUM Equity AUM MoM NAV
(INR B)
Chg (%)
(INR B)
Most Focused Multicap 35 Fund (G)
86.8
85.8
3.1
Most Focused Long Term Fund (G)
6.2
6.1
1.1
MoSt Focused 25 Fund (G)
7.7
7.6
0.9
Most Focused Midcap 30 Fund (G)
13.4
13.2
-1.1
Top scheme by NAV change
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
1.0
0.8
0.3
45.1
44.1
-0.4
5.5
5.4
-0.8
43.0
42.5
-1.1
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 | September 2017
21

Canara Robeco:
Equity AUM INR56b
Top company holdings (%)
Aug-17
HDFC Bank
Kotak M Bank
HDFC
ICICI Bank
Concor
Bajaj Finserv
Britannia
IndusInd Bank
Reliance Inds
Power Grid
Chg MoM (pp)
4.4
0.0
3.0
0.3
-0.1
3.0
3.0
2.9
2.9
2.5
2.4
2.4
2.1
0.3
0.4
0.3
0.5
0.1
0.5
0.4
BNP Paribas:
Equity AUM INR34b
Top company holdings (%)
Aug-17
HDFC Bank
ICICI Bank
IndusInd Bank
Federal Bank
Bharat Elect.
Maruti Suzuki
Power Grid
Kotak M Bank
PVR
Infosys
3.3
3.1
2.9
2.5
2.0
1.9
1.8
Chg MoM (pp)
6.5
5.1
4.4
0.1
-0.3
-0.1
-0.5
0.2
-0.4
0.0
0.1
0.0
-0.4
Banks Pvt
NBFC
Cap Goods
Consumer
Oil & Gas
Metals
Auto
Chemicals
Media
Cement
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Consumer
Auto
NBFC
Cap Goods
Oil & Gas
Chemicals
Cement
Healthcare
Utilities
Chg MoM (pp)
0.7
14.7
0.6
12.2
11.0
10.0
8.3
7.4
6.9
4.8
3.8
3.6
-0.6
-0.1
-0.1
0.8
-0.5
0.3
-0.6
0.6
Top sector allocation (%)
Weight (%)
7.8
7.3
6.4
6.1
5.7
5.3
4.9
4.7
4.5
Chg MoM (pp)
23.5
-0.9
-0.1
0.3
0.2
1.2
1.2
-0.6
0.1
-0.2
0.0
Top change by market value
Company
Britannia
Reliance Inds
Concor
Power Grid
Cochin Shipyard
Kotak M Bank
Bajaj Finserv
ICICI Bank
Grasim
CESC
Scheme Name
Canara Robeco Infrastructure (G)
Canara Robeco Equity Diversified (G)
Canara Robeco Emerging Equities (G)
Canara Robeco Equity - Tax Saver (G)
Canara Robeco F.O.R.C.E. Fund (G)
Top change in weight (%)
Company
Britannia
Reliance Inds
Concor
Cochin Shipyard
Power Grid
Kotak M Bank
Bajaj Finserv
ICICI Bank
Grasim
CESC
Chg MoM Current
(pp)
Weight
0.51
2.48
0.50
2.44
0.41
2.89
0.41
0.41
0.39
2.10
0.30
3.04
0.27
2.88
0.26
3.02
0.24
1.10
0.17
1.46
Top change by market value
Company
Tata Steel
Cochin Shipyard
BPCL
AU Small Fin.
IOCL
HPCL
Gujarat Alkalies
Shankara Building
CESC
Fortis Healthcare
Mkt Value Shares Chg
Chg (INR b)
('000)
0.18
277
0.15
299
0.15
284
0.13
278
0.10
94
0.10
202
0.08
127
0.08
3
0.07
61
0.07
456
Top change in weight (%)
Company
Tata Steel
Cochin Shipyard
BPCL
AU Small Fin.
IOCL
HPCL
Gujarat Alkalies
Shankara Building
CESC
Fortis Healthcare
Chg MoM Current
(pp)
Weight
0.52
0.54
0.45
0.45
0.44
0.46
0.38
1.34
0.30
1.03
0.29
0.29
0.23
0.95
0.22
1.56
0.20
0.43
0.20
0.20
Mkt Value Shares Chg
Chg (INR b)
('000)
0.30
52
0.30
197
0.25
35
0.24
1,153
0.23
440
0.20
272
0.18
6
0.18
666
0.14
72
0.11
54
Top scheme by NAV change
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
1.6
1.5
3.6
8.1
7.8
0.1
22.9
22.2
-0.3
8.7
8.5
-0.3
1.6
1.6
-0.4
Top scheme by NAV change
Scheme Name
BNP Paribas
BNP Paribas
BNP Paribas
BNP Paribas
Dividend Yield Fund (G)
Mid Cap Fund (G)
Equity Fund (G)
Long Term Equity Fund (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
4.3
3.9
-0.2
7.7
7.4
-0.3
10.5
10.1
-0.9
5.8
5.5
-0.9
Fund Folio: Indian Mutual Fund Tracker | September 2017
22

Principal:
Equity AUM INR30b
Top company holdings (%)
Aug-17
HDFC Bank
ICICI Bank
SBI
Britannia
Reliance Inds
DHFL
Aurobindo
Kotak M Bank
Maruti Suzuki
ITC
2.7
2.5
2.4
2.0
1.9
1.7
1.6
1.6
Chg MoM (pp)
3.8
3.6
-0.1
-0.1
-0.4
0.1
-0.1
0.2
0.0
0.0
0.0
-0.7
Banks Pvt
Consumer
Auto
NBFC
Cement
Oil & Gas
Cap Goods
Healthcare
Chemicals
Technology
Invesco:
Equity AUM INR27b
Top company holdings (%)
Aug-17
HDFC Bank
Maruti Suzuki
IndusInd Bank
Reliance Inds
ICICI Bank
L&T Fin Holdings
Kotak M Bank
Hero MotoCorp
Concor
Infosys
Chg MoM (pp)
6.6
0.1
4.7
4.0
4.0
3.0
3.0
2.6
2.5
2.5
2.4
-0.1
0.2
0.1
-0.4
0.3
0.0
1.3
0.0
-0.6
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
15.2
0.0
-0.3
10.2
0.1
9.6
0.1
7.7
-0.5
7.0
0.4
6.8
0.2
6.3
-0.6
5.4
0.2
5.3
4.8
-0.3
Top sector allocation (%)
Weight (%)
Banks Pvt
Auto
NBFC
Oil & Gas
Cap Goods
Technology
Consumer
Chemicals
Healthcare
Metals
Chg MoM (pp)
-0.6
0.6
0.1
1.4
-0.6
-0.6
0.2
-0.2
-0.4
0.0
19.1
14.5
10.2
9.1
6.8
6.0
4.9
3.6
3.5
3.1
Top change by market value
Company
NTPC
Hero MotoCorp
Security & Intell.
HCL Tech
JSW Steel
HPCL
Dwarikesh Sugar
HEG
ITD Cementation
TCS
Mkt Value Shares Chg
Chg (INR b)
('000)
0.32
1,868
0.16
35
0.12
156
0.10
126
0.09
324
0.09
-2
0.08
1,062
0.08
109
0.07
455
0.07
29
Top change in weight (%)
Company
HDFC Bank
ICICI Bank
SBI
Britannia
Reliance Inds
DHFL
Aurobindo
Kotak M Bank
Maruti Suzuki
ITC
Chg MoM Current
(pp)
Weight
-0.05
3.82
-0.05
3.62
-0.43
2.68
0.14
2.48
-0.07
2.42
0.19
1.96
0.01
1.89
-0.01
1.75
0.02
1.59
-0.73
1.58
Top change by market value
Company
Hero MotoCorp
Petronet LNG
Interglobe Aviation
NTPC
Cochin Shipyard
V I P Industries
L&T Fin Holdings
GSPL
Apex Frozen Foods
Concor
Scheme Name
Invesco India Dynamic Equity Fund (G)
Invesco India Mid N Small Cap Fund (G)
Invesco India Growth Fund (G)
Invesco India Tax Plan (G)
Invesco India Contra Fund (G)
Top change in weight (%)
Company
Hero MotoCorp
Petronet LNG
Interglobe Aviation
NTPC
Cochin Shipyard
V I P Industries
GSPL
Apex Frozen Foods
L&T Fin Holdings
HPCL
Chg MoM Current
(pp)
Weight
1.30
2.54
0.70
1.58
0.62
0.62
0.58
0.58
0.53
0.53
0.40
1.76
0.32
0.64
0.32
0.32
0.31
2.98
0.29
0.36
Top scheme by NAV change
Scheme Name
Principal
Principal
Principal
Principal
Principal
Mkt Value Shares Chg
Chg (INR b)
('000)
0.36
82
0.19
740
0.17
138
0.16
928
0.14
280
0.11
0
0.10
-18
0.09
475
0.09
490
0.08
17
Dividend Yield Fund (G)
Emerging Bluechip Fund (G)
Growth Fund - (G)
Large Cap Fund (G)
Personal Tax saver Fund - (G)
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
1.3
1.3
1.2
12.1
11.3
0.4
4.9
4.6
-1.6
3.1
3.1
-1.8
3.2
3.1
-2.8
Top scheme by NAV change
Total AUM Equity AUM MoM NAV
(INR B)
(INR B)
Chg (%)
3.7
2.7
1.4
4.9
4.7
0.7
2.1
2.0
-0.2
4.5
4.3
-0.9
6.4
6.2
-0.9
Fund Folio: Indian Mutual Fund Tracker | September 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
Depository participant with Central Depository Services Limited (CDSL) & National Securities Depository Limited (NSDL) and is member of Association of Mutual Funds of India (AMFI) for distribution of
financial products. Details of associate entities of Motilal Oswal Securities Limited are available on the website at http://onlinereports.motilaloswal.com/Dormant/documents/Associate%20Details.pdf
Pending Regulatory Enquiries against Motilal Oswal Securities Limited by SEBI:
SEBI pursuant to a complaint from client Shri C.R. Mohanraj alleging unauthorized trading, issued a letter dated 29th April 2014 to MOSL notifying appointment of an Adjudicating Officer as per SEBI
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
Notice and also sought personal hearing. The matter is currently pending.
MOSL, it’s associates, Research Analyst or their relative may have any financial interest in the subject company. MOSL and/or its associates and/or Research Analyst may have beneficial ownership of 1% or
more securities in the subject company at the end of the month immediately preceding the date of publication of the Research Report. MOSL and its associate company(ies), their directors and Research
Analyst and their relatives may; (a) from time to time, have a long or short position in, act as principal in, and buy or sell the securities or derivatives thereof of companies mentioned herein. (b) be engaged in
any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or act as an advisor or
lender/borrower to such company(ies) or may have any other potential conflict of interests with respect to any recommendation and other related information and opinions.; however the same shall have no
bearing whatsoever on the specific recommendations made by the analyst(s), as the recommendations made by the analyst(s) are completely independent of the views of the associates of MOSL even though
there might exist an inherent conflict of interest in some of the stocks mentioned in the research report. Research Analyst may have served as director/officer, etc. in the subject company in the last 12 month
period. MOSL and/or its associates may have received any compensation from the subject company in the past 12 months.
In the last 12 months period ending on the last day of the month immediately preceding the date of publication of this research report, MOSL or any of its associates may have:
a)managed or co-managed public offering of securities from subject company of this research report,
b)received compensation for investment banking or merchant banking or brokerage services from subject company of this research report,
c)received compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company of this research report.
d)Subject Company may have been a client of MOSL or its associates during twelve months preceding the date of distribution of the research report.
MOSL and it’s associates have not received any compensation or other benefits from the subject company or third party in connection with the research report. To enhance transparency, MOSL 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. MOSL and / or its affiliates do and seek to do
business including investment banking with companies covered in its research reports. As a result, the recipients of this report should be aware that MOSL may have a potential conflict of interest that may
affect the objectivity of this report. Compensation of Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions.
Fund Folio: Indian Mutual Fund Tracker | September 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
information that are considered true, correct, reliable and accurate. The intent of this report is not recommendatory in nature. The information is obtained from publicly available media or other sources believed to
be reliable. Such information has not been independently verified and no guaranty, representation of warranty, express or implied, is made as to its accuracy, completeness or correctness. All such information
and opinions are subject to change without notice. The report is prepared solely for informational purpose and does not constitute an offer document or solicitation of offer to buy or sell or subscribe for securities
or other financial instruments for the clients. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. MOSL will not treat recipients as customers by
virtue of their receiving this report.
Analyst Certification
The views expressed in this research report accurately reflect the personal views of the analyst(s) about the subject securities or issues, and no part of the compensation of the research analyst(s) was, is, or will
be directly or indirectly related to the specific recommendations and views expressed by research analyst(s) in this report.
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
Research. Proprietary trading desk of MOSL or its associates maintains arm’s length distance with Research Team as all the activities are segregated from MOSL research activity and therefore it can have an
independent view with regards to subject company for which Research Team have expressed their views.
Regional Disclosures (outside India)
This report is not directed or intended for distribution to or use by any person or entity resident in a state, country or any jurisdiction, where such distribution, publication, availability or use would be contrary to
law, regulation or which would subject MOSL & its group companies to registration or licensing requirements within such jurisdictions.
For Hong Kong:
This report is distributed in Hong Kong by Motilal Oswal capital Markets (Hong Kong) Private Limited, a licensed corporation (CE AYY-301) licensed and 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”. As per SEBI (Research Analyst Regulations) 2014 Motilal Oswal Securities (SEBI Reg No.
INH000000412) has an agreement with Motilal Oswal capital Markets (Hong Kong) Private Limited for distribution of research report in Hong Kong. This report is intended for distribution only to “Professional
Investors” as defined in Part I of Schedule 1 to SFO. Any investment or investment activity to which this document relates is only available to professional investor and will be engaged only with professional
investors.” Nothing here is an offer or solicitation of these securities, products and services in any jurisdiction where their offer or sale is not qualified or exempt from registration. The Indian Analyst(s) who
compile this report is/are not located in Hong Kong & are not conducting Research Analysis in Hong Kong.
For U.S.
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
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N OT E S
Fund Folio: Indian Mutual Fund Tracker | September 2017
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