EXCEL April 2018

Snapshot of portfolio instruments

Frequency of Payouts for Calendar Year 18-19

Issuer / Instrument % to Net Assets Pre-tax XIRR Coupon
Coupon Q1 Q2 Q3 Q4
Spandana Sphoorthy Financial Ltd 29% 13.02% 12.30% Monthly
Belstar Investment & Finance Pvt Ltd 24% 12.00% 11.50% Quarterly Mar/18 Jun/18 Sep/18 Dec/18
Aye Finance Private Limited Sr 1 12.19% Quarterly Mar/18 Jun/18 Sep/18 Dec/18
19% 12.76%
Aye Finance Private Limited Sr 2 12.19% Quarterly Mar/18 Jun/18 Sep/18 Dec/18
Annapurna Microfinance Pvt Ltd Sr 1 14.90% Monthly
14% 13.50%
Annapurna Microfinance Pvt Ltd Sr 2 13.99% Monthly
Arohan Financial Services Pvt Ltd 5% 14.21% 14.25% Annually - - Sep/18 -

The above snapshot depicts details of the instruments in Excel PMS for the month of March 2018. The payouts column represents the month in which the subscribed
instrument will make an interest payment.

Illustration of Payouts

% to Net Amount to Net Frequency of Payouts for Calendar Year 18-19

Issuer/Instrument Coupon
Assets Assets Coupon Q1 Q2 Q3 Q4
Spandana Sphoorthy Financial Ltd 29% 728,000 12.30% Monthly 22,386 22,386 22,386 22,386
Belstar Investment & Finance Pvt Ltd 24% 606,500 11.50% Quarterly 17,437 17,437 17,437 17,437
Aye Finance Private Limited Sr 1 242,625 12.76% Quarterly 7,737 7,737 7,737 7,737
19%
Aye Finance Private Limited Sr 2 242,625 12.75% Quarterly 7,736 7,736 7,736 7,736
Annapurna Microfinance Pvt Ltd Sr 1 171,500 14.90% Monthly 6,388 6,388 6,388 6,388
14%
Annapurna Microfinance Pvt Ltd Sr 2 171,500 13.99% Monthly 5,998 5,998 5,998 5,998
Arohan Financial Services Pvt Ltd 5% 121,250 14.25% Annually - - 17,278 -
These figures are for illustrative purposes only. Total 67,682 67,682 84,960 67,682

The above illustration is based on the given coupon for the stated instruments, assuming a net corpus investment of INR 25 lakh.
(Exclusive of placement and management fees)