PMS Navigator

July 2018
 FY19 : Beginning of Economic Recovery & Capacity Utilization
Phrase “The crude reality” aptly set the context for the first quarter of FY19. Spike in crude prices has got investors’
attention and concerns arising from the same seems to be reflected in the market. Also, the fact is this year is packed
with state elections before culminating in the 2019 central elections, volatility is poised to resurface. Thus it is important
for investors to align expectations and accept volatility as a companion.

In line with the global economy, India’s economy continues to remain robust. The same evident various high frequency
data points. The country’s latest GDP number is testament to this. We believe that pick up in corporate profitability is the
next immediate progression of this increased economic activity. All this while earnings have been mirage, this time it is
finally started reflecting in the reality. There is confidence to be gained in the widespread nature of the same. Instead of
few sectors pulling the weight, we have witnessed a recovery across the spectrum. However, the banking sector seems
to be the only in blackspot in an otherwise positive earnings canvas. However, one need to aware that the sharp fall in
earnings in the banking space is on account of higher provisions.

Growth prospects for the Indian Economy continue to look bright. This is evident from the various high frequency data
points. Increased economic activity will eventually get reflected in corporate profitability. The building blocks of a
domestic economic recovery seem to be falling in place. This appears to be led by both structural and cyclical factors.

Our newly launched strategy “Renaissance India Next AIF” aims to capture growth through companies and sector which
have been head winded in the past but will see good uptick in the coming years. We continue to advise a staggered
approach to investing in equities with a view to commit more during any sharp correction.

In the fixed income space, we continue to recommend low maturity high accrual portfolios as they are provide strong
visibility of returns.
Benefits of Investing through PMS
platform

Fund manager & managed PMS

Strategies

Performance update of PMS

offerings

Portfolio Analysis & Fees Structure

Benefits of Investing through PMS
platform

o Value proposition for Investors

o PMS Strategies revolve around

Value proposition for Investors

Portfolio Management Services

Professional Management services  Suitable for HNIs,

Consistent Alpha on benchmark corporates, NRIs (except

Managed Risk + Liquidity USA & Canada).

Focused Strategies
(build around 15 to 25 stocks)
 Long term investment

Consistent to Investment Style Horizon 3 to 5 years.

Low Portfolio Churn  Investment done

High engagement & transparency through cheque or

Customization of fees
(Fixed Fees model or Profit sharing model)
stock transfer.
PMS Strategies revolve around….

QGLP – The investment philosophy has been framed out of 20 years of annual wealth creation studies authored by our co–
founder, Raamdeo Agrawal.

Earnings
Longevity
Growth

Valuation Quality of
Management

Size of Margin of
opportunity Safety

Solid Own Skin

Business in the
Model Game

Four key investment attributes:- Size of the opportunity | Earnings Growth | Value | Quality of Business.
Fund manager & managed PMS
Strategies

o Fund Manager & managed PMS strategy.

o Our bouquet of PMS offerings

 Fund Manager & managed PMS strategy
MOAMC PMS:- We have offering of MOAMC’s 3 portfolios Value Strategy | India Opportunity Portfolio | Next Trillion Dollar
Opportunity Strategy

Raamdeo Agrawal Manish Sonthalia Shrey Loonker

Co-Founder & Joint MD, Head Equity PMS & AIF,
Kunal Jadhwani
Fund Manager, MOAMC Co-Fund Manager, MOAMC
MOFSL MOAMC (Fund Manager)

Bharat Shah Prateek Agarwal Sumeet Jain Taher Badshah Amit Ganatra
Executive Director, Business Head & CIO, Portfolio Manager, CIO-Equities, Senior Fund Manager,
ASK Group ASK Investment Managers ASK Investment Managers INVESCO India INVESCO India
ASK Investment Managers - India Entrepreneur Portfolio. INVESCO India Investment Managers – D.A.W.N

Data as on 30th June 2018 | MOSL is authorized distributor of above mentioned PMSes
 Our bouquet of PMS offerings

VALUE IOPV2 IOP NTDOP BOP IEP D.A.W.N

Motilal Oswal Motilal Oswal Motilal Oswal Motilal Oswal Motilal Oswal ASK Investment Invesco Asset
AMC
AMC AMC AMC AMC AMC Managers Management
Manish Manish Manish
Manish Prateek Agarwal Taher Badshah
Fund Manager Shrey Loonker Sonthalia Sonthalia Sonthalia
Sonthalia Sumeet Jain Amit Ganatra
Kunal Jadwani Kunal Jadwani

AUM (Cr.) Approx. 2,590 500 3,788 8,022 101 6,326 417

Earning Growth Style      

Superior Business
     
Model
Quality of
      
Management
Company's Promoter

Stake
Valuation       

Focused Portfolio       

No. of Stocks 20 20 24 24 22 20 24

Large Cap Mid & Small Cap Mid & Small Cap Multi Cap Multi Cap Multi Cap Multi Cap
Market Cap Style
(56 L : 44 M&S) (49 L : 51 M&S) (72 L: 27 M&S) (63 L : 32 M&S)

Investment Style Medium High High Medium Medium to High Medium High

Data as on 30th June 2018

 MOSL PMS product bouquet

A comprehensive basket of PMS offerings

• Large Cap Portfolio

Value Strategy • strategy has 20 stocks in portfolio.
• Buy Right & Sit Tight approach

• Mid & Small Cap Portfolio

India Opportunity Portfolio – V2 • Buy Right & Sit Tight approach
• The portfolio consist of 20 stocks

• Multi Cap Portfolio

Next Trillion Dollar Opportunity • The portfolio consist of 24 stocks.
Strategy • Buy Right & Sit Tight approach

• Mid & Small Cap Portfolio

India Opportunity Portfolio • Focus Theme for Next Five year
• The portfolio consist of 24 stocks

•Multi Cap Portfolio

Business Opportunity Portfolio •Buy Right & Sit Tight
•The portfolio consists of 22 stocks

• Multi Cap Portfolio

Invesco DAWN PMS • The Portfolio consist of 24 stocks
• Demand recovery across cycle & Attractive Valuation

• Multi Cap Portfolio

India Entrepreneur Portfolio • The portfolio consist of 20 stocks.
• Strategy built primarily on entrepreneur concept.

Data as on 30th June 2018 | MOSL is authorized distributor of above mentioned PMSes
Portfolio Management Services

o Motilal Oswal Business Opportunities Portfolio

o MOAMC IOP V2

o MOAMC Value PMS

o MOAMC NTDOP PMS

o MOAMC IOP

o ASK IEP

o Invesco DAWN PMS

 Value Strategy

• Buy Right & Sit Tight approach to stock investing Inception Date Benchmark Fund Manager

• Value PMS has delivered 23.63% annualized returns since 25-Mar-03 Nifty 50 Index Mr. Shrey Loonker
inception versus 16.71% of Nifty 50; INR 1 Cr. invested in Value
PMS in March 2003 is worth INR 25.55 Cr versus INR 10.60 Cr. in Portfolio (Top 10 Stocks)
Nifty 50. Scrip Name (%) of Market value

• Focused portfolio approach, currently strategy has 20 stocks in its HDFC Bank Ltd. 11.58
portfolio. Kotak Mahindra Bank Ltd. 10.17
AU Small Finance Bank Ltd. 6.66
Bharat Petroleum Corporation Ltd. 6.44
Eicher Motors Ltd. 6.32
Performance(%ge) Value of 1 cr. Invested
Bajaj Finserv Ltd. 6.25
Value Value Sun Pharmaceuticals Ltd. 5.66
Period Nifty 50 Nifty 50
Strategy Strategy Bharat Forge Ltd. 5.49
1 Month -2.84 -0.20 0.97 1.00 Larsen & Toubro Ltd. 5.43
3 Months 1.73 5.94 1.02 1.06 HDFC Ltd. 4.82
6 Months -2.38 1.74 0.98 1.02
Top 5 sectors
1 Year 7.45 12.53 1.07 1.13 Sector Name (%) of Market value
2 Years 10.93 13.70 1.23 1.29 Banking & Finance 49.10
3 Years 7.08 8.59 1.23 1.28 Auto & Auto Ancillaries 22.70
4 Years 12.90 8.92 1.62 1.41 Oil and Gas 9.45
5 Years 17.37 12.90 Pharmaceuticals 6.70
2.23 1.83
Engineering and Electricals 5.43
Since Inception 23.63 16.71 25.55 10.60
Source: MOAMC | Data as on 30th June 2018
 Next Trillion Dollar Opportunity Strategy (NTDOP)

• The strategy aims to deliver superior returns by investing in

Inception Date Benchmark Fund Manager
focused themes which are part of the next trillion dollar GDP
growth opportunity. It aims to predominantly invest in Multi Cap Mr. Manish Sonthalia
5-Dec-07 NIFTY 500 Index
stocks with a focus on identifying emerging stocks/ sectors. Mr. Kunal Jadhwani

Portfolio (Top 10 Stocks)

• Have successfully completed 10 years.
Scrip Name (%) of Market value
• The portfolio consist of 24 stocks.
Kotak Mahindra Bank Ltd. 13.90
• In last 5 years, NTDOP PMS has delivered positive return of 28.87% Bajaj Finance Ltd. 10.54
versus 15.23% of Nifty 500. Page Industries Ltd. 10.19
Voltas td. 8.20
Eicher Motors Ltd. 6.28
Performance(%ge) Value of 1 cr. Invested
City Union Bank Ltd. 4.70
Period NTDOP NIFTY 500 NTDOP NIFTY 500 Godrej Industries Ltd. 4.31
1 Month -2.12 -1.64 0.98 0.98 Bosch Ltd. 3.85
3 Months 3.98 2.81 1.04 1.03 Max Financials Services Ltd. 3.75
6 Months -5.68 -3.46 0.94 0.97 L&T Technology Services Ltd. 3.36
1 Year 9.11 9.97 1.09 1.10 Top 5 sectors
2 Years 19.08 14.57 1.42 1.31 Sector Name (%) of Market value
Banking & Finance 35.78
3 Years 13.52 9.93 1.46 1.33
FMCG 18.01
4 Years 25.39 10.37 2.47 1.48 Auto & Auto Ancillaries 13.48
5 Years 28.87 15.23 3.55 2.03 Diversified 12.51
Since Inception 17.96 5.73 5.74 1.80 Oil and Gas 4.91

Source: MOAMC | Data as on 30th June 2018

 India Opportunity Portfolio (IOP)

• The Strategy aims to generate long term capital appreciation by Inception Date Benchmark Fund Manager
creating a focused portfolio of high growth stocks having the Nifty Smallcap 100
potential to grow more than the nominal GDP for next 5-7 years 15-Feb-10 Mr. Manish Sonthalia
Index

• The Strategy at present has a concentration in 24 stocks. Portfolio (Top 10 Stocks)

Scrip Name (%) of Market value
• Focus Theme for Next Five year: REVIVAL IN CAPEX CYCLE | MAKE
IN INDIA | THIRD TRILLION DOLLAR OPPORTUNITIES Development Credit Bank Ltd. 9.59
AU Small Finance Bank Ltd 8.06
• In last 4 years, IOP PMS has delivered positive return of 18.10%
Birla Corporation Ltd.. 7.83
versus 7.43% of Nifty Midcap100.
Aegis Logistics 6.64
Performance(%ge) Value of 1 cr. Invested Quess Corp Ltd. 6.50
Gabriel India Ltd. 5.75
NIFTY NIFTY
Period IOP Small IOP Small TTK Prestige 5.03
Cap100 Cap100 Mahanagar Gas Ltd. 4.97
1 Month -7.24 -8.33 0.93 0.92 Alkem Laboratories. 4.93
3 Months -6.46 -7.88 0.94 0.92 Canfin Homes 4.45
6 Months -22.15 -21.07 0.78 0.79
1 Year -13.62 -1.82 Top 5 sectors
0.86 0.98
Sector Name (%) of Market value
2 Years 19.06 11.12 1.42 1.23 Banking & Finance 29.22
3 Years 11.32 10.47 1.38 1.35 Pharmaceuticals 13.11
4 Years 18.10 7.43 1.95 1.33 Oil and Gas 11.61
5 Years 19.58 19.82 2.45 2.47 Cement & Infrastructure 10.60
Since Inception 14.43 9.06 3.09 2.07 Consumer Durables 9.30
Source: MOAMC | Data as on 30th June 2018
 India Opportunity Portfolio V2 (IOP V2)

Inception Date Benchmark Fund Manager

• The Strategy aims to deliver superior returns by investing in stocks
Nifty Smallcap 100
from sectors that can benefit from India's emerging businesses. 5-Feb-18 Mr. Manish Sonthalia
Index
• It aims to predominantly invest in Small and Midcap stocks with a Portfolio (Top 10 Stocks)
focus on identifying potential winners. Scrip Name (%) of Market value

• Focus on Sectors and Companies which promise a higher than Heg Ltd 8.52
average growth by focusing on four basic themes. Cholamandalam Investment And
8.28
Finance Company Ltd.
• The Strategy at present has a concentration in 20 stocks. Gruh Finance Ltd. 7.50
Godrej Agrovet Ltd 7.41
• Concentration on emerging Themes.
Ipca Lab Ltd. 6.23
• Investments with Long term perspective. Bajaj Electricals Ltd 6.17
• Four basic themes- affordable housing, market share gain by Coffee Day Enterprises Ltd. 6.08
NBFCs & Private Sector banks from PSU banks, growth in rural Sundaram Fasteners Ltd. 5.11
economy, shift from unorganized to organized sector Century Plyboards (India) Ltd 4.87
Sobha Ltd. 4.85
• Investment Approach: “Buy & Hold” strategy
Top 5 sectors
• IOP V2 has delivered -1.87% vs NIFTY Midcap 100 has delivered Sector Name (%) of Market value
-13.66% since inception. Banking & Finance 24.57
Electricals & Electronics 17.88
Agriculture 12.23
Pharmaceuticals 7.67
Restaurants 6.08
Source: MOAMC | Data as on 30th June 2018
 Business Opportunities Portfolio (BOP)

• The Portfolio will be constructed based on in-depth research leading Inception Date Benchmark Fund Manager
to bottom-up stock picking with a view of equities from 3-4 years Mr. Manish Sonthalia
16-Jan-18 Nifty 500 Index
perspective. Mr. Kunal Jadhwani
Portfolio (Top 10 Stocks)
• It aims to predominantly invest in Small and Midcap stocks with a
focus on identifying potential winners. Scrip Name (%) of Market value

• The Strategy at present has a concentration in 22 stocks. Hindustan Unilever Ltd. 8.53
HDFC Bank Ltd. 8.23
• Concentration on emerging Themes. Godrej Agrovet Ltd. 6.25
• Investments with Long term perspective. Exide Industries Ltd. 5.81
Bajaj Finance Ltd. 5.43
• Five basic themes- Affordable Housing, market share gain by NBFCs &
Britannia Industries Ltd. 5.26
Private Sector banks from PSU banks, Rise in Consumer
Discretionary, Agriculture & GST beneficiaries. Kotak Mahindra Bank Ltd. 5.02
Bata India Ltd. 4.70
• Investment Approach: “Buy & Hold” strategy Container Corporation Of India Ltd. 4.61
• BOP has delivered -1.39% vs NIFTY 500 has delivered -4.68% since Gruh Finance Ltd. 4.52
inception. Top 5 sectors
Sector Name (%) of Market value
Banking & Finance 35.04
FMCG 17.73
Retail 11.49
Agriculture 9.56
Engineering & Electricals 6.90
Source: MOAMC | Data as on 30th June 2018
 India Entrepreneur Portfolio (IEP)

• The strategy is market cap agnostic and builds portfolio which has
Inception Date Benchmark Fund Manager
companies with more than 25% promoter holdings, high ROCE &
high non-dilutive compounded EPS. Identify business with BSE 500 Index Mr. Prateek Agrawal
25-Jan-10
competitive advantage that is significant sized (min. 100 Cr. PBT). Nifty 50 Index Mr. Sumit Jain
The Strategy is built primarily on entrepreneur concept. Portfolio (Top 10 Stocks)

• The portfolio consist of 20 stocks. Scrip Name (%) of Market value

Bajaj Finance Ltd. 7.42
• Investments with Long term perspective.
Britannia Industries Ltd. 7.17
• In last 5 years, IEP PMS has delivered positive return of 26.20% IndusInd Bank Ltd 7.13
versus 15.20% of BSE 500. Bajaj Finserv Ltd. 7.06
Page Industries Ltd. 6.69
Performance(%ge) Value of 1 cr. Invested
Cholamandalam Investment and
6.64
Finance Company Ltd.
Period IEP BSE 500 IEP BSE 500
Havells India Ltd 5.64
1 Month -2.70 -1.60 0.97 0.98
Kotak Mahindra Bank Ltd. 5.46
3 Months 7.40 2.90 1.07 1.03
Astral Poly Technik Ltd. 5.44
6 Months 2.60 -3.20 1.03 0.97
Eicher Motors Ltd. 5.23
1 Year 16.50 10.20 1.17 1.10 Top 5 sectors
2 Years 17.80 14.80 1.39 1.32 Sector Name (%) of Market value
3 Years 13.10 10.00 Banking & Finance 33.71
1.45 1.33
FMCG 22.54
4 Years 20.80 10.40 2.13 1.49
Auto & Auto Ancillaries 18.37
5 Years 26.20 15.20 3.20 2.03 Electronics 5.64
Since Inception 20.50 9.70 4.82 2.18 Plastics 5.44
Source: ASK IM | Data as on 30th June 2018
 INVESCO DAWN Strategy

Inception Date Benchmark Fund Manager

Mr. Taher Badshah
28- Aug-17 S&P BSE 500
Mr. Amit Ganatra
Portfolio (Top 10 Stocks)
Scrip Name (%) of Market value
Reliance Industries Ltd. 9.54
ICICI Bank Ltd. 7.89
Infosys Ltd. 6.94
Exide Industries Ltd. 5.21
Cipla Ltd. 5.11
HCL Technologies Ltd. 5.08
There’s always a light at the end of the tunnel L & T Finance Holdings Ltd. 4.53
Equitas Holdings Ltd. 4.27
• Focus on mean reversion & value style
Axis Bank Ltd. 3.89
• High impetus on quality business models & management Gujarat State Petronet Ltd. 3.87

• Bottom up stock picking approach without bias towards market Top 5 sectors
cap or sector Sector Name (%) of Market value
Financials 24.29
• Catalyst for investing – Cyclical recovery, earning recovery and
Industrials 13.89
Under owned to Value style
Energy 12.50
• Focused portfolio approach, currently strategy has 24 stocks in Information Technology 12.03
its portfolio. HealthCare 11.61
Source: INVESCO AMC | Data as on 30th June 2018
 Jan-08 Mar-03
Jul-08
Mar-04
Jan-09
Jul-09 Mar-05

(15 years)
Jan-10 Mar-06
Jul-10

2007 (10 years)

Mar-07
Jan-11
Jul-11 Mar-08
Jan-12 Mar-09
Jul-12
Value

NTDOP
Jan-13 Mar-10
Jul-13 Mar-11
Jan-14
Mar-12
Jul-14
Performance Track Record 1/2

Jan-15 Mar-13
Benchmark

Source: Respective AMC s| Data as on 30th June 2018

Benchmark
Jul-15 Mar-14
Jan-16
Mar-15
Jul-16

5.74x in NTDOP PMS vs 1.80x in NIFTY 500 since Dec.

Jan-17 Mar-16
25.56x in Value PMS vs 10.60x in NIFTY since March 2003

Jul-17
Mar-17
Jan-18
Mar-18

Feb-10
25-Jan-10
Jul-10
25-Jul-10
Dec-10
25-Jan-11
May-11
25-Jul-11 Oct-11
25-Jan-12 Mar-12
25-Jul-12 Aug-12
IEP
Feb 2010 (8 years)

25-Jan-13 Jan-13
since Jan 2010 (8 years) Jun-13
25-Jul-13
IOP

25-Jan-14 Nov-13
Apr-14
NIFTY

25-Jul-14
Sep-14
25-Jan-15
Feb-15
25-Jul-15
Benchmark

Jul-15
25-Jan-16
Dec-15
BSE 500

25-Jul-16
May-16
25-Jan-17
Oct-16
25-Jul-17 Mar-17
4.83x in ASK IEP PMS vs 2.18x in BSE 500 & 2.14x in NIFTY

25-Jan-18 Aug-17
3.09x in IOP PMS vs 2.07x in NIFTY Small Cap 100 since

Jan-18
Jun-18
 Performance Track Record 2/2
VALUE IOP NTDOP IEP VALUE IOP NTDOP IEP
FY-05 28% -- -- -- CY-03 154% -- -- --
FY-06 82% -- -- -- CY-04 23% -- -- --

FY-07 -2% -- -- -- CY-05 64% -- -- --

Financial Year on year Performance

FY-08 29% -- -25% -- CY-06 24% -- -- --

Calendar Y-O-Y Performance

CY-07 52% -- -- --
FY-09 -29% -- -38% --
CY-08 -44% -- -53% --
FY-10 81% 9% 117% 1%
CY-09 74% -- 110% --
FY-11 12% 8% 10% 22%
CY-10 20% 28% 23% 29%
FY-12 3% -1% 12% 3%
CY-11 -12% -25% -19% -13%
FY-13 0% 0% 16% 13%
CY-12 23% 36% 57% 30%
FY-14 21% 21% 40% 34% CY-13 3% 2% 18% 22%
FY-15 61% 53% 72% 73% CY-14 58% 48% 78% 70%
FY-16 -10% -9% 2% -5% CY-15 0% 5% 16% 8%
FY-17 19% 60% 38% 24% CY-16 2% 26% 13% 6%
FY-18 9% 5% 11% 15% CY-17 30% 52% 43% 37%
FY-19* 2% -6% 4% 8% CY-18* -2% -23% -5% 3%

VALUE IOP NTDOP IEP VALUE IOP NTDOP IEP

Q1FY16 -3% 3% 11% 1% Jun-17 -2% 3% 0% 1%
Q2FY16 -6% -6% -4% -4% July – 17 7% 0% 5% -1%
Q-O-Q Performance update

Q3FY16 1% -1% 0% 1% M-O-M Performance Aug-17 0% -1% 0% 0%

Q4FY16 -2% -5% -4% -2% Sep-17 -2% 1% 0% 0%

Q1FY17 7% 10% 12% 10% Oct-17 5% 2% 4% 3%

Nov-17 -1% 3% 1% 3%
Q2FY17 7% 27% 16% 10%
Dec-17 3% 7% 6% 3%
Q3FY17 -9% -5% -10% -11%
Jan-18 2% -7% -5% -4%
Q4FY17 14% 20% 17% 14%
Feb - 18 -4% -5% -3% -1%
Q1FY18 3% 13% 6% 6%
March- 18 -2% -6% -3% 0%
Q2FY18 4% -1% 5% 5%
Apr-18 6% 6% 7% 9%
Q3FY18 6% 12% 10% 9% May-18 -1% -4% -1% 2%
Q4FY18 -3% -18% -9% -4% June-18 -2% -6% -1% -1%
Q1FY19 2% -6% 4% 8%
Source: Respective AMC s| Data as on 30th June 2018. *FY-19, CY-18
Portfolio Analysis & Fees Structure

o Stock Universe of our PMS offerings

o Portfolio Market Cap Style

o Risk Return analysis

o Fees Schedule
Stock Universe of our PMS offerings

Stock Universe No. of Stocks

• Duplication of stocks are limited across our offerings.
Universe of Stocks 154
• Concentrated portfolio with 15 to 25 stocks ideas.
• Exposure to companies in line with investment theme. Unique no. of Stocks 117

Stocks common 31

Strategies
(Total No. of VALUE (20) NTDOP (24) IOP V2 (20) BOP (22) IEP (21) DAWN (24) IOP (23)
stocks)

VALUE (20) 6 (29%) 5 (27%) 1 (1%) 4 (28%) 3 (23%) 3 (9%) 2 (10%)

NTDOP (24) 5 (30%) 11 (36%) 1 (2%) 3 (27%) 4 (41%) 2 (5%) 4 (9%)

IOP V2 (20) 1 (6%) 1 (6%) 13 (56%) 5 (28%) 1 (8%) 0 (0%) 0 (0%)

BOP (22) 4 (21%) 3 (15%) 5 (21%) 8 (32%) 3 (16%) 2 (10%) 1 (4%)

IEP (21) 3 (18%) 4 (25%) 1 (7%) 3 (20%) 13 (54%) 0 (0%) 0 (0%)

DAWN (24) 3 (14%) 2 (6%) 0 (0%) 2 (8%) 0 (0%) 18 (70%) 0 (0%)

IOP (23) 2 (15%) 4 (15%) 0 (0%) 1 (4%) 0 (0%) 0 (0%) 17 (66%)

Note : Unique stocks & allocation mentioned in highlighted cells

Source: Respective AMCs| Data as on 30th June 2018
 Portfolio Market Cap Style

Weighted average market cap calculated of all the Portfolio

Market Cap (Cr.) Large Cap Mid Cap Small Cap Cash

IOP 8,883.62 IOP 0.00 26% 74% 0%

DAWN 1,25,259.23 DAWN 63% 12% 20% 5%

IEP 71,510.09 IEP 72% 26% 1%

1%

BOP 1,16,513.57 BOP 49% 31% 20% 0%

IOP V2 10,225.47 IOP V2 0% 45% 53% 2%

NTDOP 71,193.36 NTDOP 56% 38% 6%0%

Value 1,67,710.46 Value 88% 10% 1%

1%

Large Cap: 1st to 100th company | Mid Cap: 101st to 250th company | Small Cap: 250 onwards

Source: Capital Line | Data as on 30th June 2018

Market Capitalization as per SEBI categorization

 Risk Return analysis
Risk return parameter of all the strategy based on its benchmark

Risk parameter VALUE IOP IEP NTDOP Interpretation

3 years average rolling return 17% 20% 25% 28% Higher the better

Lower the better

Standard Deviation 15% 12% 10% 12%
(volatility Risk)

Lower the better

Beta (Slope) 0.83 0.85 0.60 0.57
(Market Risk)

Jensen's (Alpha) 7% 6% 16% 18%

Sharpe Ratio 0.65 1.08 1.89 1.77 Higher the better

Treynor Ratio 12% 15% 30% 36%

Data as on 30th June 2018, 3 yr rolling return calculated since inception. Risk free rate has been taken as 7%.
 Fees Schedule

Note: All the returns mentioned in previous slide is post management expenses.
MOAMC PMS ASK PMS INVESCO D.A.W.N
Fee Schedule
Fixed Fees Variable Fees Fixed Fees Fixed Fees Variable Fees

Set Up Fees Upto 2% Upto 2% Upto 2% Upto 2.5% Upto 2.5%

Management Fees 2.5% 1.5% 2.5% 2.5% 1.25%

Custodian Fees 0.25% 0.25% 0.25% 0.25% 0.25%

<1yr- 2% <1yr- 2% <1yr- 3% <1yr- 3% <1yr- 3%

>1yr- NIL >1yr- NIL <2yr-2% <2yr-2% <2yr-2%

Exit Load
<3yrs- 1% >2yrs- NIL >2yrs- NIL

>3yrs- NIL

If profit <15%; If Profit <10%, Nil

15% profit share above

15% profit share above
10% and below 15% PA
10% PA on HWM*
profit
Performance Base Fees NA NA NA

If profit >=15%; 20%

20% profit share above
profit share above 10%
15.01% PA profit
PA on HWM*

Depository Charges

Brokerage As applicable at actual

Other Statutory levies

*HWM- Higher Water Mark

Source: Respective AMCs
 Thank You !

Motilal Oswal Securities Ltd. (MOSL) Member of NSE, BSE, MCX, NCDEX,CIN no.: U65990MH1994PLC079418
Registered Office Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025; Tel
No.: 022-3980 4263; Website www.motilaloswal.com.
Correspondence Adds: Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West), Mumbai- 400 064. Tel No:
022 3080 1000.
Registration Nos.: Motilal Oswal Securities Ltd. (MOSL): INZ000158836 (BSE/NSE/MCX/NCDEX); CDSL: IN-DP-16-2015; NSDL: IN-DP-
NSDL-152-2000; Research Analyst: INH000000412. AMFI: ARN 17397; Investment Adviser: INA000007100; IRDA Corporate Agent:
CA0541.
Motilal Oswal Asset Management Company Ltd. (MOAMC): PMS (Registration No.: INP000000670); PMS and Mutual Funds are offered
through MOAMC which is group company of MOSL.
Motilal Oswal Wealth Management Ltd. (MOWML): PMS (Registration No.: INP000004409) is offered through MOWML, which is a group
company of MOSL. *Motilal Oswal Securities Ltd. is a distributor of Mutual Funds, PMS, Fixed Deposit, Bond, NCDs, Insurance Products
and IPOs. *Real Estate is offered through Motilal Oswal Real Estate Investment Advisors II Pvt. Ltd. which is a group company of MOFSL.
*Private Equity is offered through Motilal Oswal Private Equity Investment Advisors Pvt. Ltd which is a group company of MOFSL.
*Research & Advisory services is backed by proper research.

Please read the Risk Disclosure Document prescribed by the Stock Exchanges carefully before investing. There is no assurance or
guarantee of the returns. Investment in securities market is subject to market risk, read all the related documents carefully before
investing.
Details of Compliance Officer: Name: Neeraj Agarwal, Email ID: [email protected], Contact No.:022-38281085.
“Such representation are not indicative of future result”
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