An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 4 years. Relatively High interest rate risk and Relatively High Credit Risk.

Core allocation of the portfolio is made into AA+ to AA rated Corporate Bonds. Focus is on carry with moderate duration. The fund intends to generate alpha through spread compression and rolldown over 3 years period.

June 26, 2014

Sushil Budhia

CRISIL Medium Duration Fund CIII Index

Fund Size	Main Portfolio	Segregated Portfolio 2
Monthly Average :	₹ 159.69 Cr	0.00 Cr
Month End :	₹ 155.80 Cr	0.00 Cr

	Main Portfolio	Segregated Portfolio 2
Growth Plan	₹ 12.8025	₹ 0.0000
IDCW Plan	₹ 10.9551	₹ 0.0000
Quarterly IDCW Plan	₹ 9.4429	₹ 0.0000
Direct - Growth Plan	₹ 13.6845	₹ 0.0000
Direct - IDCW Plan	₹ 11.5425	₹ 0.0000
Direct - Quarterly IDCW Plan	₹ 9.7440	₹ 0.0000
Direct - Bonus Option	₹ 13.6877	₹ 0.0000

Entry Load:	Nil
Exit Load:	1%, if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil thereafter. Not applicable for Segregated Portfolio
Segregated Portfolio 1 Vodafone Idea Limited was segregated from the scheme's portfolio due to some adverse developments and rating downgrade by CARE to BB- on Feb 17, 2020.An amount of 4.64% of total exposure realized on Sep 16, 2020. The annual coupon amounting Rs 1.82 cr received on Jan 27, 2021. Further entire due amount of Rs 24.42 Cr (Face Value + Accrued Interest) was received on January 27, 2022, subsequently all the units in this segregated portfolio were redeemed and the portfolio was closed, and the investors were duly paid in proportion to their holding. Segregated Portfolio 2 Yes Bank Limited has been segregated from the scheme’s portfolio due to rating downgrade by ICRA to “D” on March 6, 2020.

Average Maturity

3.32 years

Modified Duration

2.40 years

Annualized portfolio YTM*

5.84%

Macaulay Duration

2.52 Years

*In case of semi annual YTM, it has been annualised

	Main	Segregated Portfolio 2
Regular/Other than Direct	1.95%	-
Direct	1.40%	-

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