CRISIL Mutual Fund Ranking

For the quarter ended December 2013

Table of Contents
Large Cap-oriented Equity funds ................................................................................................ 3 Diversified Equity funds ............................................................................................................... 4 Small and Mid-cap Equity funds .................................................................................................. 5 Thematic - Infrastructure funds ................................................................................................... 6 Consistent Performers - Equity funds ........................................................................................ 7 Equity Linked Savings Scheme (ELSS) ...................................................................................... 9 Index funds .................................................................................................................................... 9 Balanced funds ............................................................................................................................ 10 Consistent Performers - Balanced funds ................................................................................. 10 Monthly Income Plan - Aggressive ............................................................................................ 11 Monthly Income Plan - Conservative ........................................................................................ 11 Long Term Income funds ........................................................................................................... 12 Consistent Performers - Debt funds ......................................................................................... 13 Long Term Gilt funds .................................................................................................................. 13 Short Term Income Funds .......................................................................................................... 14 Ultra Short-term Debt funds ....................................................................................................... 16 Liquid funds ................................................................................................................................. 17

Click on the respective category to see the rankings.

Large Cap-oriented Equity funds (Cluster ranks are arranged alphabetically)

Dec - 13 Sep - 13 Change Rank Rank Weightages Birla Sun Life Top 100 Fund Canara Robeco Large Cap+ Fund ICICI Prudential Top 100 Fund UTI India Lifestyle Fund Axis Equity Fund Birla Sun Life Frontline Equity Fund BNP Paribas Equity Fund ICICI Prudential Focused Bluechip Equity Fund Quantum Long-Term Equity Fund SBI Blue Chip Fund UTI Equity Fund UTI Opportunities Fund Canara Robeco Equity Diversified Franklin India Bluechip Fund ICICI Prudential Top 200 Fund IDFC Equity Fund JPMorgan India Equity Fund L&T Equity Fund L&T India Large Cap Fund Principal Large Cap Fund Reliance Focused Large Cap Fund SBI Magnum Equity Fund Tata Pure Equity Fund UTI Leadership Equity Fund UTI Master Plus Unit Scheme UTI Mastershare Unit Scheme UTI Top 100 Fund DSP BlackRock Top 100 Equity Fund HDFC Top 200 Fund HSBC Equity Fund IDFC Imperial Equity Fund Kotak 50 LIC Nomura MF Equity Fund Sundaram Select Focus UTI Dividend Yield Fund Baroda Pioneer Growth Fund HDFC Focused Large-Cap Fund JM Multi Strategy Fund UTI Contra Fund 1 1 1 1 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 5 5 5 5 2 1 2 2 2 2 1 1 2 2 2 1 3 3 3 3 3 3 3 3 4 3 3 3 3 3 3 4 5 4 4 4 4 5 4 5 NA NA 5 Mean Return 50% 1 2 1 1 1 2 2 2 2 2 2 2 3 3 3 3 4 3 3 4 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 5 5 5 5 Volatility 25% 3 1 3 2 3 3 1 3 2 3 2 2 1 3 4 4 3 2 3 3 5 3 2 3 3 2 2 4 5 4 3 3 4 4 1 4 4 5 5 Industry Company Liquidity Concentration Concentration 10% 2 3 4 3 4 2 1 4 1 2 2 2 1 3 3 5 4 2 3 3 2 4 2 3 3 3 3 3 4 3 5 5 3 4 3 3 4 5 1 5% 1 3 4 1 3 1 2 3 2 2 1 2 2 3 3 5 3 2 3 3 3 4 3 4 3 3 3 4 3 4 5 4 5 4 2 2 5 3 4 10% 2 1 3 3 4 4 3 4 3 3 4 5 3 4 4 2 1 4 2 2 3 3 2 2 3 5 3 4 5 3 1 3 3 2 5 1 2 3 3

Diversified Equity funds (Cluster ranks are arranged alphabetically)

Dec - 13 Sep - 13 Mean Industry Company Change Volatility Liquidity Rank Rank Return Concentration Concentration Weightages Birla Sun Life India GenNext Fund ICICI Prudential Dynamic Plan ICICI Prudential Exports and Other Services Fund Tata Ethical Fund UTI MNC Fund Birla Sun Life Long Term Advantage Fund Franklin India High Growth Companies Fund Franklin India Prima Plus Kotak Select Focus Fund L&T India Special Situations Fund Mirae Asset India Opportunities Fund Principal Growth Fund Reliance Equity Opportunities Fund Tata Equity Opportunities Fund UTI-Services Industries Fund Birla Sun Life Advantage Fund Birla Sun Life Equity Fund DSP BlackRock Opportunities Fund DWS Investment Opportunity Fund Franklin India Flexi Cap Fund HDFC Capital Builder Fund HSBC India Opportunities Fund IDFC Classic Equity Fund Kotak Opportunities Morgan Stanley A.C.E. Fund Morgan Stanley Growth Fund PineBridge India Equity Fund Reliance Top 200 Fund SBI Magnum MultiCap Fund SBI Magnum Multiplier Plus Scheme 1993 Sundaram Growth Fund Tata Dividend Yield Fund Taurus Starshare Birla Sun Life Dividend Yield Plus Birla Sun Life Special Situations Fund DSP BlackRock Equity Fund DSP BlackRock Focus 25 Fund Franklin India Opportunities Fund HDFC Equity Fund Reliance Growth Fund Reliance Regular Savings Fund - Equity SBI Contra Fund Tata Equity PE Fund HDFC Core and Satellite Fund HDFC Growth Fund HDFC Premier MultiCap Fund Reliance Vision Fund Templeton India Growth Fund 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 4 4 5 5 5 5 5 1 1 1 1 1 2 2 2 2 2 2 3 3 2 3 4 3 3 NA 3 3 3 2 3 3 3 2 3 3 3 3 2 3 3 4 4 4 3 4 4 4 4 4 5 4 5 5 5 50% 1 1 1 1 1 3 2 2 2 2 2 2 2 2 2 3 3 3 4 3 3 3 3 3 3 3 3 3 3 2 5 3 3 4 4 3 4 4 3 4 4 5 4 5 4 5 5 4 25% 2 2 2 1 1 3 2 2 3 2 3 5 3 2 4 5 3 3 3 3 2 3 2 3 3 3 1 4 3 3 4 1 5 1 4 3 4 4 5 4 4 2 3 4 4 3 5 3 10% 5 2 5 4 4 3 1 3 4 2 3 2 3 3 5 3 2 3 3 2 4 3 3 4 3 1 3 2 3 2 3 4 4 3 2 2 2 3 4 1 1 3 4 4 3 5 1 5 5% 2 1 4 4 4 2 4 3 3 1 3 1 2 3 5 1 2 1 3 5 3 4 4 3 3 4 5 3 2 3 3 2 3 2 2 3 5 3 3 3 2 3 3 4 4 4 2 5 10% 2 4 3 2 4 1 3 4 1 3 3 2 5 3 3 3 3 2 1 4 3 2 1 2 3 3 3 3 3 4 1 3 2 4 2 4 2 2 5 5 4 5 3 3 4 3 5 4

Small and Mid-cap Equity funds (Cluster ranks are arranged alphabetically)
Dec - 13 Rank Weightages Birla Sun Life MNC Fund Franklin India Smaller Companies Fund Mirae Asset Emerging Bluechip Fund Franklin India Prima Fund HDFC Mid-Cap Opportunities Fund JPMorgan India Smaller Companies Fund SBI Magnum Global Fund SBI Magnum Midcap Fund DSP BlackRock Small and Midcap Fund ICICI Prudential Discovery Fund IDFC Premier Equity Fund IDFC Sterling Equity Fund Principal Emerging Bluechip Fund Reliance Small Cap Fund SBI Emerging Businesses Fund Sundaram Select Midcap Tata Mid Cap Growth Fund UTI Master Value Fund UTI Thematic - Mid Cap Fund DSP BlackRock Micro Cap Fund ICICI Prudential MidCap Fund Kotak Midcap Reliance Long Term Equity Fund Sundaram Rural India Fund Birla Sun Life Midcap Fund Sundaram Equity Multiplier Fund Sundaram S M I L E Fund 1 1 1 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 5 5 5 Change Sep - 13 Rank 1 2 1 2 3 3 2 3 4 2 2 3 3 3 1 3 3 3 3 4 5 5 4 3 4 4 5 Mean Return 50% 1 1 1 2 2 3 2 2 3 3 3 3 3 2 3 3 3 3 3 4 4 4 4 4 5 5 5 Volatility 25% 1 3 3 2 2 3 1 3 4 3 1 2 5 2 3 3 2 4 4 3 3 5 3 4 3 4 5 Industry Concentration 10% 5 2 3 2 4 3 4 3 2 3 4 1 3 4 5 3 2 1 1 3 4 3 2 5 3 3 3 Company Concentration 5% 5 3 2 2 2 1 3 4 4 1 3 3 2 4 5 4 3 2 3 4 5 1 3 3 3 3 3 Liquidity 10% 3 3 2 3 4 1 4 3 3 4 5 3 1 3 5 4 2 3 2 4 3 2 5 1 3 2 3

Thematic - Infrastructure funds (Cluster ranks are arranged alphabetically)

Dec - 13 Rank Weightages Birla Sun Life Infrastructure Fund DSP BlackRock India T.I.G.E.R. Fund JM Basic Fund ICICI Prudential Infrastructure Fund SBI Infrastructure Fund Sundaram Select Thematic Funds Energy Opportunities Tata Infrastructure Fund UTI Infrastructure Fund HDFC Infrastructure Fund Sundaram CAPEX Opportunities Fund Reliance Diversified Power Sector Fund 1 2 2 3 3 3 3 3 4 4 5 Change Sep - 13 Rank 2 3 2 1 3 3 3 3 4 4 5 Mean Return 50% 1 2 2 3 4 3 3 3 3 5 4 Volatility 25% 3 3 5 3 3 2 2 3 4 1 4 Industry Concentration 10% 3 3 3 2 1 5 3 2 3 4 4 Company Concentration 5% 2 1 3 3 5 3 4 3 4 3 2 Liquidity 10% 3 3 1 4 4 2 2 3 3 3 5

Consistent Performers - Equity funds (Cluster ranks are arranged alphabetically)

Dec - 13 Rank Weightages Birla Sun Life India GenNext Fund Birla Sun Life MNC Fund ICICI Prudential Discovery Fund IDFC Premier Equity Fund Reliance Equity Opportunities Fund SBI Emerging Businesses Fund UTI Equity Fund UTI MNC Fund UTI Opportunities Fund Birla Sun Life Dividend Yield Plus Birla Sun Life Frontline Equity Fund Birla Sun Life Top 100 Fund Canara Robeco Equity Diversified DSP BlackRock Small and Midcap Fund Franklin India Bluechip Fund HDFC Capital Builder Fund HDFC Equity Fund HDFC Top 200 Fund ICICI Prudential Dynamic Plan ICICI Prudential Exports and Other Services Fund L&T Equity Fund SBI Magnum Global Fund Tata Dividend Yield Fund Tata Ethical Fund UTI Dividend Yield Fund UTI Master Value Fund Birla Sun Life Infrastructure Fund BNP Paribas Equity Fund DSP BlackRock Equity Fund DSP BlackRock India T.I.G.E.R. Fund DSP BlackRock Opportunities Fund DSP BlackRock Top 100 Equity Fund Franklin India Flexi Cap Fund Franklin India Prima Fund Franklin India Prima Plus HDFC Core and Satellite Fund HDFC Growth Fund HDFC Premier MultiCap Fund HSBC India Opportunities Fund ICICI Prudential Infrastructure Fund ICICI Prudential Top 100 Fund ICICI Prudential Top 200 Fund Kotak Midcap Kotak Opportunities Morgan Stanley Growth Fund Principal Large Cap Fund Reliance Growth Fund Reliance Regular Savings Fund - Equity 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 Change Sep - 13 Rank 1 NA 1 1 1 1 1 NA 1 2 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 2 4 3 4 3 3 3 3 3 3 NA 3 3 3 Mean Return 35% 2 1 1 1 1 1 2 1 2 3 2 2 2 2 3 2 3 3 2 1 3 1 2 2 3 2 5 3 3 5 3 3 3 2 3 4 4 4 3 5 2 3 3 3 3 3 4 3 Volatility 15% 2 1 2 1 3 2 2 1 3 1 3 3 2 3 3 2 4 5 1 3 2 1 1 1 1 2 5 2 3 5 3 3 3 2 2 3 3 3 2 4 3 4 3 3 3 3 3 4 CRISIL Rank Performance 50% 1 1 2 2 1 1 1 1 1 2 1 2 2 2 2 3 2 2 2 3 1 3 2 2 2 2 2 3 3 2 3 3 3 3 2 3 3 3 3 3 3 3 3 3 4 3 3 3

Dec - 13 Rank Weightages SBI Blue Chip Fund SBI Magnum Equity Fund SBI Magnum Midcap Fund SBI Magnum Multiplier Plus Scheme 1993 Sundaram Select Midcap Tata Equity Opportunities Fund Tata Equity PE Fund Tata Pure Equity Fund Taurus Starshare Templeton India Growth Fund UTI Mastershare Unit Scheme UTI Thematic - Mid Cap Fund UTI-Services Industries Fund Birla Sun Life Advantage Fund Birla Sun Life Equity Fund Birla Sun Life Midcap Fund Franklin India Opportunities Fund HSBC Equity Fund ICICI Prudential MidCap Fund IDFC Classic Equity Fund IDFC Imperial Equity Fund Kotak 50 Principal Growth Fund SBI Contra Fund SBI Magnum MultiCap Fund Sundaram Growth Fund Sundaram Rural India Fund Sundaram S M I L E Fund UTI Leadership Equity Fund UTI Master Plus Unit Scheme JM Basic Fund Reliance Diversified Power Sector Fund Reliance Equity Fund Reliance Vision Fund Sundaram CAPEX Opportunities Fund Sundaram Select Focus Tata Infrastructure Fund UTI Contra Fund UTI Infrastructure Fund 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 5 5 5 5 5 5 5 5 5

Change

Sep - 13 Rank 3 3 4 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 5 4 3 3 4 4 4 4 4 5 4 3 5 NA 5 5 5 4 5 4 5

Mean Return 35% 3 3 1 3 2 3 3 3 3 3 3 2 2 4 3 3 4 4 3 4 4 4 3 4 4 4 3 4 3 3 5 5 4 4 5 4 5 5 5

Volatility 15% 3 3 3 3 3 3 3 3 4 3 2 2 4 4 4 2 4 3 2 3 3 3 4 2 3 4 3 5 4 4 5 5 4 4 4 5 5 4 5

CRISIL Rank Performance 50% 3 3 4 3 3 3 3 3 3 3 3 3 3 5 4 4 5 5 5 4 4 3 4 4 5 4 4 4 4 4 4 4 5 4 4 5 3 5 5

Equity Linked Savings Scheme (ELSS) (Cluster ranks are arranged alphabetically)
Dec - 13 Rank Weightages Axis Long Term Equity Fund BNP Paribas Tax Advantage Plan ICICI Prudential Tax Plan IDFC Tax Advantage Fund Principal Tax Saving Fund Religare Invesco Tax Plan Birla Sun Life Tax Plan Birla Sun Life Tax Relief 96 Canara Robeco Equity Tax Saver DSP BlackRock Tax Saver Fund Franklin Taxshield Fund HDFC Long Term Advantage Fund HSBC Tax Saver Equity Fund Reliance Tax Saver Fund SBI Magnum Tax Gain Scheme 1993 Tata Tax Saving Fund HDFC Tax Saver Fund L&T Tax Advantage Fund Principal Personal Tax Saver UTI Equity Tax Saving Plan Kotak Tax Saver Scheme Sundaram Taxsaver 1 1 2 2 2 2 3 3 3 3 3 3 3 3 3 3 4 4 4 4 5 5 Change Sep - 13 Rank 1 1 3 2 3 3 3 4 2 3 2 3 3 4 3 2 5 3 4 3 5 4 Mean Return 50% 1 2 2 1 2 2 3 3 3 3 3 3 3 3 3 3 4 4 5 4 5 4 Volatility 30% 2 1 3 4 5 1 3 3 2 3 2 3 3 4 3 2 3 3 5 3 4 4 Industry Concentration 10% 5 2 3 1 2 1 3 3 3 2 3 3 4 2 3 3 5 3 4 3 4 4 Company Concentration 5% 4 3 2 3 1 3 3 2 2 1 3 5 4 2 3 3 4 3 5 4 3 3 Liquidity 5% 3 3 5 3 2 2 3 4 2 3 3 4 2 5 4 1 4 3 1 3 3 3

Index funds (Cluster ranks are arranged alphabetically)

Dec - 13 Rank Kotak Nifty ETF Goldman Sachs Nifty Exchange Traded Scheme (GS Nifty BeES) UTI Nifty Index Fund HDFC Index Fund - Nifty Plan HDFC Index Fund - Sensex Plan ICICI Prudential Index Fund - Nifty Plan Reliance Index Fund - Nifty Plan SBI Nifty Index Fund Franklin India Index Fund - BSE Sensex Plan Franklin India Index Fund - NSE Nifty Plan IDBI Nifty Index Fund 1 2 2 3 3 3 3 3 4 4 5 Change Sep - 13 Rank 1 2 3 3 3 3 3 3 5 4 4

Balanced funds (Cluster ranks are arranged alphabetically)

Dec - 13 Sep - 13 Change Rank Rank Weightages ICICI Prudential Balanced Advantage Fund ICICI Prudential Balanced Fund SBI Magnum Balanced Fund Tata Balanced Fund Canara Robeco Balance FT India Balanced Fund HDFC Balanced Fund Kotak Balance Reliance Regular Savings Fund - Balanced Birla Sun Life 95 Fund HDFC Prudence Fund UTI Balanced Fund DSP BlackRock Balanced Fund K = Equity Component in Hybrid Funds 1 2 2 2 3 3 3 3 3 4 4 4 5 1 2 3 2 3 3 3 2 4 3 4 4 5 Superior Debt Industry Company Debt Equity Return Asset Concentration Concentration Liquidity Liquidity Score Quality 75% 1 2 2 2 3 3 3 4 3 3 4 4 5 10% 1 2 2 4 3 3 4 3 3 5 4 3 2 5% 5 1 3 3 2 4 2 4 4 2 3 3 3 5%* (100-K) 1 1 1 1 1 3 1 1 1 3 1 2 2 5%* (100-K) 2 4 2 1 2 4 3 3 3 5 3 4 3 10%* K 3 3 4 3 2 2 4 1 4 2 5 3 3

Consistent Performers - Balanced funds (Cluster ranks are arranged alphabetically)

Dec - 13 Rank Weightages ICICI Prudential Balanced Fund HDFC Balanced Fund Tata Balanced Fund Birla Sun Life 95 Fund Canara Robeco Balance FT India Balanced Fund HDFC Prudence Fund Reliance Regular Savings Fund - Balanced SBI Magnum Balanced Fund Kotak Balance UTI Balanced Fund DSP BlackRock Balanced Fund 1 2 2 3 3 3 3 3 3 4 4 5 Change Sep - 13 Rank 1 2 2 3 3 4 3 NA 3 3 4 5 Superior Return Score 50% 1 2 2 3 3 3 3 3 3 4 4 5 CRISIL Rank Performance 50% 2 1 3 3 3 4 2 3 4 3 5 3

10

Monthly Income Plan - Aggressive (Cluster ranks are arranged alphabetically)

Monthly Income Plan - Aggressive Dec - 13 Sep - 13 Change Rank Rank Superior Debt Industry Company Debt Equity Modified Return Asset Concentration Concentration Liquidity Liquidity Duration Score Quality 60% 1 1 2 2 2 3 3 3 3 3 4 4 4 5 5 3 3 3 2 3 5 5 4 4 NA 3 3 3 2 3 4 4 4 5 5 3 3 2 5 4 3 3 2 5 1 4 3 5 4 3 3 3 1 2 5 1 1 1 5 1 1 2 1 1 1 1 1 3 5 4 3 3 4 2 2 3 3 3 1 4 5 4 5 2 1 3 4 2 1 5 4 2 5 3 1 3 2 1 2 1 1 1 2 2 3 4 1 4 3 2 4 2 3 2 1 2 2 2 2 1 3 4 3 5 2 3 2 3 4 2 3 4 3 3 2 5% 5% 17.5% 7.5%*(10 7.5%*K 0-K) 5%

Weightages Birla Sun Life MIP II - Wealth 25 Plan FT India Monthly Income Plan DSP BlackRock MIP Fund ICICI Prudential MIP 25 Tata MIP Plus Fund Canara Robeco Monthly Income Plan HSBC MIP - Savings Kotak Monthly Income Plan Peerless Income Plus Fund UTI MIS Advantage Plan HDFC Monthly Income Plan - LTP HDFC Monthly Income Plan - STP Reliance Monthly Income Plan L&T Monthly Income Plan LIC Nomura MF Monthly Income Plan K = Equity Component in Hybrid Funds

Monthly Income Plan - Conservative (Cluster ranks are arranged alphabetically)

Dec - 13 Sep - 13 Change Rank Rank Weightages Birla Sun Life MIP II - Savings 5 Plan SBI Magnum Monthly Income Plan Birla Sun Life MIP ICICI Prudential MIP Plan UTI Monthly Income Scheme HSBC MIP - Regular Birla Sun Life Monthly Income K = Equity Component in Hybrid Funds Superior Debt Industry Company Debt Equity Modified Return Asset Concentration Concentration Liquidity Liquidity Duration Score Quality 60% 5% 5% 17.5% 7.5%* (100-K) 3 2 5 4 3 1 3 7.5%* K 3 3 1 5 2 3 4 5%

1 2 3 3 3 4 5 1 2 3 3 3 4 5

1 2 3 3 3 4 5

1 3 5 3 4 2 3

5 2 4 3 1 3 3

1 1 3 2 2 1 1

4 2 1 3 5 3 3

11

Long Term Income funds (Cluster ranks are arranged alphabetically)

Dec - 13 Sep - 13 Change Rank Rank Weightages HSBC Flexi Debt Fund IDFC Dynamic Bond Fund SBI Dynamic Bond Fund Canara Robeco Dynamic Bond Fund IDFC Super Saver Income Fund Investment Plan Reliance Dynamic Bond Fund SBI Magnum Income Fund Tata Income Fund Templeton India Income Builder Account UTI Bond Fund Baroda Pioneer PSU Bond Fund Birla Sun Life Income Plus BNP Paribas Bond Fund BNP Paribas Flexi Debt Fund Canara Robeco Income DSP BlackRock Strategic Bond Fund HDFC High Interest Fund - Dynamic Plan HSBC Income Fund - Investment Plan ICICI Prudential Income Opportunities Fund L&T Flexi Bond Fund Principal Income Fund - Long Term Plan Religare Invesco Active Income Fund Sundaram Bond Saver Templeton India Income Fund UTI-Dynamic Bond Fund DWS Premier Bond Fund HDFC Income Fund ICICI Prudential Income Plan JPMorgan India Active Bond Fund Kotak Bond LIC Nomura MF Bond Fund Reliance Income Fund DSP BlackRock Bond Fund L&T Triple Ace Bond Fund Sundaram Flexible Fund - Flexible Income Plan 1 1 1 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 5 5 5 Superior Debt Debt Debt Modified Debt Return Company Sectoral Asset Duration Liquidity Score Concentration Concentration Quality 60% 1 1 1 3 3 2 2 3 2 2 3 3 3 3 3 2 3 3 3 3 3 2 3 4 2 4 4 5 4 3 4 4 5 4 5 2 1 1 2 2 2 2 3 1 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 2 4 4 4 4 4 4 4 5 5 5 5% 3 5 3 3 5 3 3 2 2 5 1 4 1 3 3 2 4 3 3 3 3 2 4 2 2 2 4 4 3 4 1 4 3 3 3 5% 2 1 3 3 1 3 3 3 5 3 5 2 4 4 3 1 3 3 4 3 4 4 1 3 4 3 2 1 5 1 3 1 3 3 4 5% 1 1 1 1 1 1 4 1 1 5 1 1 1 4 1 4 4 1 1 1 1 1 1 1 5 1 4 1 1 4 1 1 5 4 1 7.5% 1 3 2 3 4 3 3 2 5 5 3 4 3 3 3 4 3 1 3 2 2 3 3 3 4 2 4 4 3 5 2 3 4 1 2 17.5% 1 1 1 1 1 1 1 1 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1 1 1 1 2 1 1

12

Consistent Performers - Debt funds (Cluster ranks are arranged alphabetically)

Dec - 13 Rank Weightages IDFC Dynamic Bond Fund UTI Bond Fund Canara Robeco Income Kotak Bond SBI Magnum Income Fund Birla Sun Life Income Plus BNP Paribas Flexi Debt Fund HDFC High Interest Fund - Dynamic Plan HDFC Income Fund IDFC Super Saver Income Fund - Investment Plan Templeton India Income Fund LIC Nomura MF Bond Fund Reliance Income Fund Tata Income Fund DSP BlackRock Bond Fund ICICI Prudential Income Plan 1 1 2 2 2 3 3 3 3 3 3 4 4 4 5 5 Change Sep - 13 Rank Superior Return Score 50% NA 1 NA 2 2 3 3 2 3 3 4 3 3 4 5 4 1 2 2 3 1 4 3 2 4 3 3 3 4 3 5 5 CRISIL Rank Performance 50% 1 1 2 2 2 3 3 3 3 3 4 4 3 5 5 4

Long Term Gilt funds (Cluster ranks are arranged alphabetically)

Dec - 13 Rank Weightages IDFC G Sec Fund - Investment Plan IDFC G Sec Fund - PF Plan L&T Gilt Reliance Gilt Securities Fund SBI Magnum Gilt Fund - Long Term Birla Sun Life Govt Securities - Long Term Plan DWS Gilt Fund HDFC Gilt Fund - Long Term Plan ICICI Prudential Long Term Gilt Fund Kotak Gilt - Investment UTI Gilt Advantage Fund - Long Term Plan DSP BlackRock Govt Sec Fund Principal Government Securities Fund Templeton India G-Sec Fund - Composite Plan ICICI Prudential Gilt - Investment - PF Option Templeton India G-Sec Fund - Long Term Plan 1 1 2 2 2 3 3 3 3 3 3 4 4 4 5 5 Change Sep - 13 Rank 1 1 NA 3 2 3 3 3 3 2 2 5 4 4 5 4 Superior Return Score 75% 1 1 2 3 2 3 3 3 3 3 2 4 5 4 4 5 Modified Duration 10% 3 3 1 3 2 3 2 2 4 3 5 3 1 4 4 5 Liquidity 15.0% 1 1 4 3 3 5 5 2 4 3 3 3 2 2 4 3

13

Short Term Income Funds (Cluster ranks are arranged alphabetically)

Dec - 13 Sep - 13 Mean Company Sectoral Asset Modified Change Volatility Liquidity Rank Rank Return Concentration Concentration Quality Duration Weightages DSP BlackRock Short Term Fund HDFC Short Term Opportunities Fund Morgan Stanley Short Term Bond Fund Sundaram Select Debt ST Asset Plan Tata Short Term Bond Fund Birla Sun Life Short Term Fund BNP Paribas Short Term Income Fund Canara Robeco Short Term Fund DWS Short Maturity Fund JPMorgan India Short Term Income Fund L&T Short Term Opportunities Fund Principal Income Fund - Short Term Plan Religare Invesco Bank Debt Fund SBI Short Term Debt Fund Axis Short Term Fund Birla Sun Life Medium Term Plan Birla Sun Life Short Term Opportunities Fund DSP BlackRock Income Opportunities Fund HDFC Medium Term Opportunities Fund HDFC Short Term Plan HSBC Income Fund - Short Term Plan IDBI Short Term Bond Fund IDFC Super Saver Income Fund Short Term JM Short Term Fund Kotak Bond Short Term Plan Peerless Short Term Fund PineBridge Short Term Fund Reliance Short Term Fund Religare Invesco Medium Term Bond Fund Religare Invesco Short Term Fund Templeton India Short Term Income Plan UTI Short Term Income Fund Birla Sun Life Dynamic Bond Fund HDFC High Interest Fund - Short Term Plan ICICI Prudential Short Term Plan IDFC Super Saver Income Fund Medium Term Kotak Income Opportunities Fund L&T Short Term Income Fund 1 1 1 1 1 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 42.5% 2 2 1 1 1 1 3 2 3 2 2 2 NA 2 3 4 3 3 3 3 3 3 2 3 3 2 1 3 3 3 4 3 5 4 4 3 4 4 3 2 2 1 1 2 3 3 3 2 3 3 4 3 3 1 1 2 3 3 4 3 3 4 4 2 4 3 5 5 1 2 4 4 4 5 4 3 15.0% 2 3 2 2 2 1 3 2 2 1 3 2 3 3 3 3 3 1 5 3 3 3 2 3 4 1 1 4 3 3 3 3 4 4 4 5 5 3 5.0% 3 3 2 3 3 4 3 5 2 5 3 4 4 3 3 2 2 3 4 3 3 4 5 5 3 4 5 4 4 3 1 3 3 1 1 3 4 3 5.0% 1 3 3 1 1 1 1 1 1 3 1 4 1 3 3 5 5 5 3 4 1 1 1 1 1 5 1 3 1 3 4 3 3 3 4 1 1 1 15.0% 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 5 3 2 1 3 1 1 1 1 1 4 1 1 1 1 4 2 2 2 2 1 3 3 7.5% 2 1 3 1 2 2 3 2 4 3 3 3 1 4 2 3 1 1 4 3 3 2 2 3 3 2 3 4 3 2 3 5 4 4 5 5 3 3 10.0% 2 3 2 3 2 3 2 1 3 2 2 2 1 2 3 4 4 3 3 3 1 3 3 1 3 4 1 3 2 3 4 3 3 3 4 3 3 5

14

Dec - 13 Sep - 13 Mean Company Sectoral Asset Modified Change Volatility Liquidity Rank Rank Return Concentration Concentration Quality Duration Weightages Reliance Regular Savings Fund - Debt Templeton India Corporate Bond Opportunities Fund Templeton India Income Opportunities Fund ICICI Prudential Corporate Bond Fund ICICI Prudential Regular Savings Fund L&T Income Opportunities Fund Pramerica Credit Opportunities Fund UTI Income Opportunities Fund 4 4 4 5 5 5 5 5 42.5% 4 5 4 5 5 NA 5 NA 3 2 2 5 3 5 3 3 15.0% 2 4 4 5 4 3 4 5 5.0% 2 3 1 1 1 2 2 1 5.0% 4 4 4 4 5 3 3 4 15.0% 5 5 4 3 5 4 5 4 7.5% 3 5 4 5 3 3 4 4 10.0% 4 5 5 4 5 5 4 4

15

Ultra Short-term Debt funds (Cluster ranks are arranged alphabetically)

Dec - 13 Sep - 13 Mean Asset Modified Asset Company Change Volatility DRP Liquidity Rank Rank Return Size Duration Quality Concentration Weightages Religare Invesco Credit Opportunities Fund UTI Floating Rate Fund - STP UTI Treasury Advantage Fund Axis Treasury Advantage Fund Birla Sun Life Savings Fund DWS Ultra Short Term Fund ICICI Prudential Flexible Income Plan JM Money Manager Fund - Super Plus Plan Reliance Money Manager Fund Tata Floater Fund Birla Sun Life Cash Manager Birla Sun Life Floating Rate Fund - Long Term DSP BlackRock Money Manager Fund HDFC Cash Management Fund Treasury Advantage Plan HDFC Floating Rate Income Fund Short Term Plan ICICI Prudential Savings Fund IDFC Money Manager Fund - Treasury Plan IDFC Ultra Short Term Fund JPMorgan India Treasury Fund L&T Ultra Short Term Fund SBI Ultra Short Term Debt Fund Sundaram Ultra Short Term Fund Templeton India Ultra-short Bond Fund DWS Treasury Fund - Investment Plan IDFC Money Manager Fund Investment Plan Kotak Floater - Long Term Peerless Ultra Short Term Fund Reliance Medium Term Fund Sundaram Flexible Fund - Short Term Plan Templeton India Low Duration Fund ICICI Prudential Ultra Short Term Plan Kotak Flexi Debt Reliance Floating Rate Fund 1 1 1 2 2 2 2 2 2 2 3 3 3 1 1 1 2 3 2 2 2 1 2 3 3 3 37.5% 2 2 2 3 2 1 2 3 3 3 4 2 3 20.0% 1 1 1 2 3 2 3 2 2 3 3 4 3 5.0% 4 2 2 3 2 3 1 4 1 3 3 3 3 7.5% 1 3 3 2 3 1 4 3 2 2 3 4 3 5.0% 10.0% 1 3 2 3 3 2 3 2 1 3 4 3 3 1 1 1 1 1 1 1 1 1 1 1 1 1 5.0% 1 3 2 1 3 2 4 3 3 1 2 4 4 10.0% 5 1 2 3 3 4 3 2 3 3 3 3 4

3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 5 5 5

3 3 3 3 3 3 NA 2 2 3 4 5 4 3 4 5 4 4 5 5

5 3 3 4 3 3 3 3 1 1 4 4 3 3 4 4 2 5 4 5

3 3 3 2 3 4 3 3 2 3 4 5 4 2 4 5 3 4 4 5

1 2 4 4 3 2 5 2 4 2 5 3 3 5 3 3 3 3 4 4

4 2 3 1 2 4 2 3 3 2 3 3 4 5 4 3 3 4 5 5

5 3 3 5 2 1 3 3 2 2 4 4 3 2 4 4 3 4 4 5

1 1 1 1 1 1 1 1 1 3 1 1 1 1 1 1 2 1 2 1

1 1 3 4 3 3 4 3 5 2 2 5 3 4 3 3 4 5 3 3

3 3 2 2 4 3 2 3 4 4 1 1 4 4 3 2 5 2 5 3

16

Liquid funds (Cluster ranks are arranged alphabetically)

Dec - 13 Sep - 13 Mean Asset Change Volatility DRP Rank Rank Return Size Weightages HSBC Cash Fund ICICI Prudential Liquid Plan Morgan Stanley Liquid Fund Peerless Liquid Fund HDFC Liquid Fund IDFC Cash Fund LIC Nomura MF Liquid Fund Reliance Liquidity Fund SBI Premier Liquid Fund Tata Liquid Fund Union KBC Liquid Fund UTI Liquid Cash Plan Axis Liquid Fund Baroda Pioneer Liquid Fund Birla Sun Life Cash Plus Birla Sun Life Floating Rate Fund Short Term BOI AXA Liquid Fund Canara Robeco Liquid DSP BlackRock Liquidity Fund Indiabulls Liquid Fund JM High Liquidity Fund Kotak Liquid Reliance Liquid Fund - Treasury Plan Religare Invesco Liquid Fund SBI Magnum InstaCash Sundaram Money Fund Tata Money Market Fund Taurus Liquid Fund UTI Money Market Fund BNP Paribas Overnight Fund DWS Insta Cash Plus Fund HDFC Cash Management Fund Savings Plan ICICI Prudential Money Market Fund L&T Liquid Fund Pramerica Liquid Fund Principal Cash Management Fund Templeton India Treasury Management Account IDBI Liquid Fund JPMorgan India Liquid Fund Kotak Floater - Short Term Reliance Liquid Fund - Cash Plan 1 1 1 1 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 5 5 5 5 42.5% 1 3 1 2 2 1 2 3 1 2 2 2 3 5 3 3 3 3 3 3 3 3 3 4 3 2 NA 4 3 2 4 4 3 3 4 4 3 5 4 5 5 2 2 1 1 3 4 4 3 3 3 3 4 3 3 2 1 3 3 3 5 2 3 3 3 2 3 2 1 4 3 5 3 4 3 4 4 2 5 4 2 5 20.0% 1 3 2 1 2 1 2 2 2 3 2 3 3 4 4 3 3 3 3 4 3 4 5 3 1 3 3 3 3 2 5 5 2 5 3 4 4 4 3 3 4 5.0% 3 1 5 4 2 2 3 2 1 2 4 1 3 3 1 3 4 3 3 4 3 2 2 3 3 3 5 4 3 5 2 2 4 3 5 4 3 3 3 3 4 5.0% 1 2 3 3 3 4 3 3 4 3 3 4 3 2 3 3 3 3 4 4 2 1 1 3 4 2 3 1 3 4 2 3 5 2 3 2 5 5 4 2 5 Asset Quality 10.0% 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Company Concentration 5.0% 1 3 1 1 1 4 1 3 3 3 3 3 2 3 3 3 1 4 3 3 4 5 4 1 2 4 3 4 2 5 3 1 5 2 3 3 3 3 4 5 4 Liquidity 12.5% 1 4 1 4 3 3 2 3 4 2 2 3 4 2 5 5 5 2 1 1 4 2 3 4 5 3 2 4 3 4 3 3 2 3 3 3 3 3 3 3 3

17

Contact us
Email ID: mfresearch@crisil.com

About CRISIL Limited

CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services. We are India's leading ratings agency. We are also the foremost provider of high-end research to the world's largest banks and leading corporations.

About CRISIL Research

CRISIL Research is India's largest independent and integrated research house. We provide insights, opinions, and analysis on the Indian economy, industries, capital markets and companies. We are India's most credible provider of economy and industry research. Our industry research covers 70 sectors and is known for its rich insights and perspectives. Our analysis is supported by inputs from our network of more than 4,500 primary sources, including industry experts, industry associations, and trade channels. We play a key role in India's fixed income markets. We are India's largest provider of valuations of fixed income securities, serving the mutual fund, insurance, and banking industries. We are the sole provider of debt and hybrid indices to India's mutual fund and life insurance industries. We pioneered independent equity research in India, and are today India's largest independent equity research house. Our defining trait is the ability to convert information and data into expert judgments and forecasts with complete objectivity. We leverage our deep understanding of the macro economy and our extensive sector coverage to provide unique insights on micro-macro and cross-sectoral linkages. We deliver our research through an innovative web-based research platform. Our talent pool comprises economists, sector experts, company analysts, and information management specialists.

CRISIL Privacy
CRISIL respects your privacy. We use your contact information, such as your name, address, and email id, to fulfil your request and service your account and to provide you with additional information from CRISIL and other parts of McGraw Hill Financial you may find of interest. For further information, or to let us know your preferences with respect to receiving marketing materials, please visit www.crisil.com/privacy. You can view McGraw Hill Financials Customer Privacy Policy at http://www.mhfi.com/privacy. Last updated: May, 2013

Disclaimer
CRISIL Research, a division of CRISIL Limited (CRISIL) has taken due care and caution in preparing this Report based on the information obtained by CRISIL from sources which it considers reliable (Data). However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Data / Report and is not responsible for any errors or omissions or for the results obtained from the use of Data / Report. This Report is not a recommendation to invest / disinvest in any company covered in the Report. CRISIL especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this Report. CRISIL Research operates independently of, and does not have access to information obtained by CRISILs Ratings Division / CRISIL Ri sk and Infrastructure Solutions Limited (CRIS), which may, in their regular operations, obtain information of a confidential nature. The views expressed in this Report are that of CRISIL Research and not of CRISILs Ratings Division / CRIS. No part of this Repor t may be published / reproduced in any form without CRISILs prior written approval.

Stay Connected | CRISIL Website |

Twitter

LinkedIn

YouTube

Facebook

CRISIL Limited CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai 400076. India Phone: +91 22 3342 3000 | Fax: +91 22 3342 8088 www.crisil.com

CRISIL Ltd is a Standard & Poor's company