TheIIFLNiftyETF The IIFL Nifty ETF

WhattheExpertssay
After twenty years of watching investment practitioners dance around the fire shaking their feathered sticks, I observe that far too many of their patients die and that the turnover of medicine men is rather high. There must be a better way. And there is Index funds. John C Bogle, Founder and retired CEO of the Vanguard Group. The only way to beat an index is to invest in something other than the index. Why would you, when the only source of long term risk and return data is the index? Since you cant beat the index be the index can t index, index Mark Hebner, Founder, Index Funds Advisor, Inc Most investors, both institutional and individual, will find the best way to own common stocks is through an index fund which charges nominal fees. Those following this path are sure to beat the net results (after fees and expenses) delivered by the great majority of investment professionals Warren Buffet, Berkshire Hathaway Chairman

ItsdifficulttooutperformaBenchmark
Key observations from the Forth Edition of the S&P CRISIL SPIVA for the period ended June 2011.
Amongequityorientedfunds,majorityoflargecapanddiversifiedequityfundsunderperformedtheirbenchmark indices,viz,theS&PCNXNiftyandtheS&PCNX500,respectively,inallthreetimeperiodsofanalysis(1,3and5years). Incaseofequitylinkedsavingschemes(ELSS),majorityoffundshaveunderperformedthebenchmarkS&PCNX500 overthe3and5yeartimeframes Percentageoffundsthatoutperformedbythebenchmark Category g y Largecap Diversified ELSS BenchmarkIndex S&P CNXNifty S&PCNX500 S&PCNX500 1year y 60.61 53.62 37.84 3Year 60.00 51.28 56.67 5Year 65.00 55.71 65.38

Source:S&PCRISILSPIVA,IndicesVersusActiveFundsScorecard,India,June2011

IntroductiontoExchangeTradedFunds(ETFs)
ExchangeTradedFunds(ETFs)
ETFsareIndexFunds,listedandtradedonexchanges like stocks PassivelymanagedfundstrackabenchmarkIndexclosely,andreflecttheperformanceofthatIndex P i l df d k b h kI d l l d fl h f f h I d At the end of June 2011, the global ETF industry comprised 2,825 ETFs from 146 providers on 49 exchanges around the world, with total assets of 1.49 Trillion USD Source http://www.ifaonline.co.uk

ApplicationofETFs
EfficientTrading: ETFsprovideinvestorswithaconvenientwaytogainmarketexposureviz.anindexthattradeslikea stock.Unlikeasinglestock,aninvestmentinanETFIndexproductprovidesdiversifiedexposuretothemarket. Equitising Cash: Investorswithidlecashintheirportfoliosmaywishtoinvestinaproducttiedtoamarketbenchmark, likeanIndex,asatemporaryinvestmentbeforedecidingwhichstockstobuyorwhilewaitingfortherightprice ManagingCashFlows: InvestmentmanagerswhoseeregularinflowsandoutflowsmayoftenchooseETFsbecauseof theirliquidity,andtheirabilitytorepresentthemarket DiversifyingExposure: Ifaninvestorisnotsureaboutwhichparticularstocktobuy,butlikestheoverallsector,investing insharestiedtoanIndexorabasketofstocksprovidesdiversifiedexposure,andreducesstockspecificrisk

AdvantagesofETF
AdvantagesoverActivelyManagedMutualFunds Passive Passive investing
EliminatestheriskofstockorsectorselectioninvestmentstyleandFund Eliminates the risk of stock or sector selection investment style and Fund Managersdiscretion

Lowcost

Expenseratioofactivelymanagedmutualfundsisashighas2.00%p.a.ETF Expense ratio of actively managed mutual funds is as high as 2 00% p a ETF expenseratiosaretypicallyinthe0.25% 0.75%p.a range

Nominimum investments

MutualFundsmayoftenhaveminimuminvestmentsofRs5,000ormore,ETFs canbeboughtorsoldinaslittleasoneshareincrements

Trading flexibility

Mutualfundsareonlypricedonceaday,atthecloseofthemarket.ETFs howeverarepricedthroughoutthedayandcanbeboughtandsoldonthe exchange

Nostyledrift

TheSchemeinvestsexactlyaspertheindexconstitution,andstickstothe mandate

AdvantagesofETF
AdvantagesoverIndexFutures

Lotsize

ETFscanbeboughtandsoldevenassingleunits,whereasIndexFuturesarein specificlotsizes

Longterm horizons

UnlikeETFs,IndexFuturesneedtoberolledovereverymonthorquarter which carriesitsownrisksandcosts

Taxation

ETFswouldbetaxedlikestocksandinvestorscantakeadvantageofspecialrates forshortterm&longtermcapitalgains for short term & long term capital gains

Premium& Premium & discounts

PremiumsanddiscountstendtobehigherinFuturesthaninETFs

HowETFswork
PrimaryMarket

SecondaryMarket
SubscriptionduringNFO

MutualFund Mutual Fund

AllEligibleincludingretail Investors
Bu uy/SellETFU Units

Creation

ETFUnits ETF Units InCreation UnitsSize (i.e.5000Units) ( )

Redemptions

AuthorizedParticipants/Large Investors

MarketMaking/Arbitrage

NationalStockExchange(NSE) CapitalMarketSegment

IIFLNiftyETF Keyhighlights
Name:IIFLNiftyETF Type:AnOpenendedIndexExchangeTradedFund Investments:TheSchemewillinvestinthesecuritieswhichareconstituentsoftheS&PCNXNiftyIndex,inthesame proportionastheIndex Objective:Theinvestmentobjectiveoftheschemeistoprovidereturns(beforefeesandexpenses)thatclosely Obj i h i bj i f h h i id (b f f d ) h l l correspondtothetotalreturnoftheS&PCNXNiftyIndex,subjecttotrackingerrors.However,therecanbenoassurance orguaranteethattheinvestmentobjectiveoftheSchemewillbeachieved Benchmark:S&PCNXNiftyIndex AssetAllocation:StockscomprisingS&PCNXNiftyIndex:95%100%,DebtandMoneyMarketInstruments:0%5% Sustainability:Thiswillestablishthatthemarketasawholeismoreefficientthantheindividualswhoareapartofit. Thatiswhy,itisdifficulttooutperformthemarket.Consequentlytheevergrowingbeliefininvestinginmutualfund schemesthatfollowapassiveinvestmentstrategy Expenses:0.25%p.a. FundManager:Mr.ManishBandi,aged33years,isaSciencegraduateandaCharteredAccountantwith11yearsof experienceinthefinancialservicesindustry i i th fi i l i i d t

AbouttheS&PCNXNifty
Index Service Provider S&P CNX Nifty is owned and managed by India Index Services and Products Ltd. (IISL) IISL i a j i t venture b t is joint t between th NSE and CRISIL It h a li the d CRISIL. has licensing and marketing agreement with St d d and P ' i d k ti t ith Standard d Poor's (S&P), the world's leading provider of investible equity indices, for cobranding equity indices. About the Index S&P CNX Nifty is a welldiversified 50 stock index accounting for 24 sectors of the economy and represents 63.94% of the total free float market capitalization of the universe of stocks traded on the NSE as on June 30, 2011 Selection of the index set is based on three criteria: Liquidity: the security should have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 20 Million. Floating Stock: The companies eligible for inclusion in the S&P CNX Nifty Index should have free float of at least 10% Others: A company which comes out with an IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index like impact cost, market capitalization and free float, for a 3 month period S&P CNX Nifty is computed using the free float market capitalization method
SourceNSEwebsiteandIISLFactsheetason30th J S NSE b i d IISL F h 30 June2011 2011

Annualperformance
S&PCNXNifty
100.00% 100 00% 80.00% 67.42% 60.00% 40.00% 20.05% 20.00% 3.25% 0.00% 1.04% 20.00% 40.00% 60.00% 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 51.79% 2008 2009 2010 2011 9.15% 9 15% 18.08% 14.65% 16.18% 18.48% 10.68% 36.34% 39.83% 75.76%

71.90% 54.77%

17.95% 17 95%

Source:NSEwebsite,Dataupto Source: NSE website Data upto 30th August 2011 August2011

S&PCNXNiftystatistics
PerformanceasonAugust30,2011
Period 3 Months 6 months 1year 3years 5years 10years SinceInception Since Inception Returns* Volatility (%) (%) 10.06 6.23 7.43 4.68 7.93 16.85 10.82 1.21 1.18 1.17 PricetoBook(P/B) 1.91 1.87 1.66 1.70 ( ) DividendYield(%) FreeFloatMarketcap(Rs.cr) Top 10continentweights 1.52 1,500,226 57.54% 2.95 Particular NoofCompanies PricetoEarning(P/E) g( / ) No. 50 18.05

*Returnsabove1yearsareCAGR 1yearandbelowreturnsareabsolutereturns

Source:NSEwebsite/IISL

Thetop10constituentsoftheIndex
AsonAugust30,2011
Constituent RelianceIndustriesLtd. InfosysLtd. Infosys Ltd ITCLtd. ICICIBankLtd. HDFC Larsen&ToubroLtd. HDFCBankLtd. TCS StateBankofIndia State Bank of India Bharti Airtel Ltd. FreeFloat MarketCap (Rs.cr) 132,000 112,954 112 954 106,650 100,595 87,799 86,253 84,509 52,892 50,883 50 883 48,725 Weight (%) 8.80 7.53 7 53 7.11 6.71 5.85 5.75 5.63 3.53 3.39 3 39 3.25

Source:IISL

10.00

15.00

25.00

20.00 20 00

0.00 19.50 Banks 12.86 Computers Software 9.38 9 38 Refineries 7.11 Cigarettes Finance Housing e En ngineering Au utomobiles 4Wheelers 4 Power Pharm maceuticals S SteelAndStee elProducts Teleco ommunication Services OilExploration/P Production Automobiles 2And3Wheelers ElectricalE Equipment D Diversified A Aluminium Cemen ntAndCementProducts Gas Metals Construction Textiles Synthetic FinancialInstitution Mining Finance

5.00

Source:IISL,AsonAugust30,2011

Sectorcomposition

S&P CNX Nifty

5.85 5.75 4.97 4.23 3.92 3.85 3.60 3.04 2.71 2.36 2.19 1.29 1.29 1.23 1.21 0.94 0.92 0.90 0.61 0.29

NFOdetails
NewFundOfferPeriod: NFOOpenson:September28,2011;NFOCloseson:October12,2011 NewFundOfferPrice:TheunitsbeingofferedwillhaveafacevalueofRs.10/ eachandwillbeissuedatapremium approximatelyequaltothedifferencebetweenfacevalueandallotmentprice approximately equal to the difference between face value and allotment price MinimumAmountforApplicationintheNFO:Rs.5,000andmultiplesofRe.1/ thereafter Plans/Optionsoffered:OnlyGrowthoption Allotment:Within5(Five)daysaftertheclosureoftheNewFundOffer AllotmentPrice: Approximately1/10th ofthevalueofS&PCNXNiftyIndexonallotmentdate Wherecanyousubmitthefilledupapplications:R&TOffice(CAMS)andInvestorServiceCentres(ISCs)ofAMCoffice ApplicationthroughASBAprocess:AvailableandSelfCertifiedSyndicateBanks(SCSBs)provideASBAfacility Liquidity :SchemeisproposedtobelistedonNSEandIIFLAMChasproposedtoengageAuthorizedParticipants(AP)for creatingliquidityforETFsinthestockexchange creating liquidity for ETFs in the stock exchange Ongoingsubscription/redemptions:OntheExchange:Investorcanbuy/sellunitsinroundlotof1unitonNSE.Directlywith theMutualFund:TheAP/largeinvestorcansubscribe/redeemtheunitsoftheSchemedirectlywiththeMutualFundonlyin multiplesofthecreationunitsize(i.e.,5000units) multiples of the creation unit size (i e 5000 units) Dematerialization:TheunitsoftheSchemeareavailableonlyintheDematerialized(electronic)mode LoadStructure:EntryLoad:Nil;ExitLoad:Nil.

AbouttheCompany
AssetManagementCompany IndiaInfoline AssetManagementCompanyLtd.(IIFLAMC)isapubliclimitedcompanyincorporatedonMarch22,2010 IIFLAMChasbeenappointedastheInvestmentManagertoIIFLMutualFundbyIndiaInfoline TrusteeCompanyLtd.(IIFL Trustee) p p p TheBoardofDirectorsofIIFLAMCcompriseofeminentpersonalitieswithvariedexperience TheTrustee IIFLTrusteewasincorporatedonJune05,2009undertheCompaniesAct,1956andistheTrusteetoIIFLMutualFund IIFLTrusteewillensurethatthetransactionsenteredintobyIIFLAMCareinaccordancewiththeSEBIRegulationsandwill IIFL T t ill th t th t ti t d i t b IIFL AMC i d ith th SEBI R l ti d ill alsoreviewtheactivitiescarriedonbytheAMC MutualFund IIFLMutualFundhasbeenconstitutedasatrustonApril29,2010.IndiaInfolineLimitedistheSponsorsandIndiaInfoline TrusteeCompanyLimitedistheTrustee TheMutualFundwasregisteredwithSEBIonMarch23,2011

BoardofDirectors
IndiaInfoline TrusteeCompanyLimited(IIFLTC)
Mr A.K.Shukla (IndependentDirector) Chairman M.SC. Former Chairman of Life Insurance Corporation of India Has an experience of more than 41 years in the insurance business Recipient of various prestigious awards including Distinguish Fellow, Institute of Directors, Delhi; Indira Gandhi Priyadarshni Award by National Unity Congress, Delhi, Marketing King Award by IMM Delhi, etc. B.Sc;LLB CorporateLawyerbyprofessionwithanexperienceofmorethan30yearsinthelegalfield. HeldseniorpositionssuchasChiefGeneralManager(Legal)inIDBIandExecutiveDirector(Law)inSEBI AssociatedwithseveralExpertGroups/CommitteesconstitutedbyGovt.ofIndia,SEBIandalsowritesarticlesin financialnewspapersonsecuritieslawsandcorporatematters

Mr R.S.Loona (IndependentDirector)

Mr J.H.Mehta (IndependentDirector)

B.Com;MBAfromIIM(Ahmadabad);GraduateofAdvancedManagementProgrammefromWhartonSchool,USA ManagementConsultantbyprofession Hasanexperienceofmorethan30yearsandwasassociatedwithrenownedorganisationslikeHLLasVice President,HindustanLeverasExecutiveDirector,RPGGroupasPresident

Mr Nirmal Jain NirmalJain (AssociateDirector)

B.Com;CA.;ICWA;MBA(IIM) ChairmanandManagingDirectorofIIFLGroup,oneoftheleadingFinancialServicesCompanyinIndia Richandvariedexperienceofmorethan21yearsinfinancialservicesindustry RankedsecondinIndiasMostValuableCEOsbyBusinessWorldfor2009

BoardofDirectors
IndiaInfoline AssetManagementCompanyLimited
Chartered Accountant and CAIIB Former Chairperson and Managing Director of Central Bank of India Varied and rich experience of more than 34 years in Banking Sector Handled varied assignments in 3 large Public Sector Banks viz. Union Bank of India, Oriental Bank of Commerce and Central Bank of India Handled prestigious assignment as Region of India Director on BoDs of The Institute of Internal Auditors (IIA), Florida, U.S.A.

MsHomaiDaruwalla (IndependentDirector)

Mr PranabPattanayak (IndependentDirector) (Independent Director)

M.A. in Economics from Utkal University and CAIIB PtI Former Managing Director of State Bank of Mysore Rich and varied experience of 37 years in the Banking & Financial Services field Held senior positions in State Bank of India and State Bank of Travencore

Mr R.Venkataraman (AssociateDirector)

B. Tech from IIT (Kharagpur) and MBA from IIM (Bangalore) CoPromoter and Executive Director of India Infoline Ltd. Varied experience of more than 19 years in the financial services sector including Stock Broking, Private Equity and Investment B ki I t t Banking

TheFundssponsor:IIFL
IndiaInfoline Group(IIFL)isoneoftheleadingplayersintheIndianfinancialservicesspace IIFLoffersadviceandexecutionplatformfortheentirerangeoffinancialservicescoveringproductsrangingfromEquitiesand derivatives,Commodities,Wealthmanagement,Assetmanagement,Insurance,Fixeddeposits,Loans,InvestmentBanking, bondsandothersmallsavingsinstruments IIFLislistedonNSEandBSEwithamarketcapofUS$500mn IIFLhasawidenetwork,coveringover3,000businesslocationsspreadacross500citiesandtownsacrossIndia ThegrouphasalsoexpandedgloballyandhassubsidiariesandofficesinColombo,Dubai,NewYorkandSingapore Majorbusinessunits
Retail Equities Institutional Institutional Equities Investment Banking PrivateWealth Management
Over1millioncustomersservicedfrom3,000locations; leadershippositionwith4%marketshare

Credit& Finance Financial Products Distribution Asset g Management International Operations

Focusonretailsecuredmortgagesandconsumerloans;Book sizeofRs39bn withNPAsatlessthan0.5%.

Acclaimedresearchproduct,provenblockplacement Acclaimed research product proven block placement capabilities,strongfranchiseinIndiaandAsiaPacific

Leadingnonbankdistributorofretaillifeinsurance,mutualfund Leading non bank distributor of retail life insurance mutual fund andothersavingsproducts

PrimaryexpertiseisEquityCapitalMarketswithaviewto leverageinstitutionalandretaildistributioncapabilities g p

Receivedlicensetosetupmutualfund

AmongstleadingIndianplayerswithoverRs200bn assetsunder advice

Regulatedsubsidiariesinkeymarkets,targetinginstitutional equitiesandNRIwealthmanagement

Evolution
1995 1997 1999 2000 2003 2004 2005 2006 2007 2008 2009 2010 2011
CommencedoperationsasanEquityResearchfirm LaunchedresearchproductsofleadingIndiancompanies,keysectors andtheeconomy Launchedwww.indiainfoline.com
3,974

Income(` mn)
14,720 11,239 9,280 8,775 8 775

Launchedonlinetradingthroughwww.5paisa.com Starteddistributionoflifeinsuranceandmutualfund LaunchedproprietarytradingplatformTraderTerminalforretail customers Acquiredcommoditiesbrokinglicense LaunchedPortfolioManagementService MaidenIPOandlistedonNSE,BSE AcquiredmembershipofDGCX Commencedthecredit&finance Commencedinstitutionalequitiesbusinessunder IIFL C d i tit ti l iti b i d FormedSingaporesubsidiary,IIFL(Asia)PteLtd LaunchedIIFLWealth Transitionedto insurancebrokingmodel AcquiredregistrationforHousingFinance ObtainedVentureCapitallicense ReceivedmembershipoftheSingaporeStock ExchangeandColombo StockExchange CommencedoperationsinSingapore&Colombo Received SEBIfinalapprovalforIIFLMutualFund

742 FY05

2,021 FY06 FY07 FY08 FY09 FY10 FY11

NetProfit(` mn)
2,320 2,047 1,599 1,448

756 492 217 FY05 FY06 FY07 FY08 FY09 FY10 FY11 16,644 16 644

Networth(` mn)
16,053 14,892 15,447

522 FY05

1,943 FY06

3,251

FY07

FY08

FY09

FY10

FY11 H1FY11

IndependentDirectorsofotherGroupCompanies
Joined State Bank in 1968 and became chairman in 2002 Became Chairman of Indian Banks Association in the year 200506 Received CEO of the year and Outstanding Achiever of the year award

Mr A.K. Purwar (IndependentDirector) (Independent Director)

Mr.Nilesh Mr Nilesh Vikamsey (IndependentDirector)

CharteredAccountantandpartnerofKhimji Chartered Accountant and partner of Khimji Kunverji & Co &Co PartoftheManagingCouncilandheadingtheCorporateMembersCommitteeoftheChamberofTaxConsultants (CTC)

Mr.Kranti Sinha (IndependentDirector)

DirectorandChiefExecutiveofLICHousingFinanceLimited1998to2002 ConcurrentlywastheMDofLICHFLCareHomes ServedasDeputyPresidentofGoverningCouncilofInsuranceInstitute

Mr.M.N.Singh (IndependentDirector)

JoinedtheIndianPoliceServicein1967 WorkedasthechiefsofthecrimebranchofMumbaiPolice,StateCIDandAnti CorruptionBureau Worked as the chiefs of the crime branch of Mumbai Police, State CID and AntiCorruption Bureau

AwardsandAccolades
IIFLawardedBestWealthManagementHouse IndiaandBestBroker India,2011

BESTWEALTHMANAGEMENT BEST WEALTH MANAGEMENT HOUSE INDIA THEASSETTRIPLEA INVESTMENTAWARDS,2011

BESTBROKER INDIA FINANCEASIA2011

INDIASBESTEQUITY BROKER2011 BLOOOMBERGUTV2011

Hon'bleFinance Minister presentingIndias BestEquity BrokerAwardto IIFL March26,2011

Someotherrecentawards

Ranked2nd in INDIASMOST VALUABECEOs 2009

BESTMARKET ANALYST2009

Amongsttop3for BESTBROKERAGE 2009

BESTBROKER INDIA2008

MOSTIMPROVED BROKERAGE INDIA 2008

FASTESTGROWING BROKINGHOUSE 2008

RiskFactors
Statutory Details: Constitution: IIFL Mutual Fund has been set up as a Trust under the Indian Trust Act, 1882. Trustee: India Infoline Trustee Company Ltd. Investment Manager: India Infoline Asset Management Company Ltd. Sponsor: India Infoline Ltd. Scheme Name: IIFL Nifty ETF. Classification: An Openended Index Exchange Traded Fund Investment Objective: The investment objective of the scheme is to provide returns (before fees and expenses) that closely correspond to the total return of the S&P CNX Nifty Index, subject to tracking errors. Asset Allocation: Stocks comprising S&P CNX Nifty Index: 95% 100%; Debt and money market instruments: 0% 5%; For further details, please refer the SID. Load Structure: Entry Load Nil; Exit Load Nil In case of redemption of units of the Scheme for less than Creation Unit size, directly with the Fund, as detailed in SID, an investor can sell its units of the Scheme to the Fund with an exit load of 1% of NAV of the Scheme. Terms of issue and Mode of Sale and Redemption of Units: During NFO, investors can invest in the Scheme with a minimum i i i investment of R 5 000/ and i multiples of R 1/ th t t f Rs. 5,000/ d in lti l f Re. 1/ thereafter. Th units of th S h ft The it f the Scheme are i issued / repurchased and t d d d h d d traded compulsorily in dematerialized form. On the Exchange: Investor can buy/sell units on an ongoing basis on the National Stock Exchange of India Ltd. (NSE) at the traded prices which may be close to the actual NAV of the Scheme. The units are purchased in round lots of 1 unit. Directly with the Mutual Fund: The authorized participant/large investor can subscribe/redeem the units of the Scheme directly with the Mutual Fund only in creation unit size and in multiples thereof at the applicable NAV of the Scheme Creation Unit is fixed number of units Scheme. of the Scheme, which is exchanged for a basket of securities underlying the index called the Portfolio Deposit and a Cash Component equal to the value of 5000 units of the Scheme. Option: The Scheme will have Growth Plan only. Investor Benefits and General Services offered: NAV will be calculated and disclosed on all business days. Risk Factors: All Mutual Funds and securities investments are subject to market risks and there can be no assurance that the Schemes Scheme s objectives will be achieved. As the price/value/interest rates of the securities in which the Scheme invests fluctuates, the Net Asset Value (NAV) of units issued under the Scheme may go up or down depending upon the factors and forces affecting the securities market. Past performance of the Sponsor/AMC/Mutual Fund and its affiliates does not indicate the future performance/results of the Scheme and may not provide a basis of comparison with other investments. India Infoline Asset Management Company Ltd. has no previous experience in managing a Mutual Fund. The present Scheme is not a guaranteed or assured return Scheme. IIFL NIFTY ETF is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme, its future prospects or returns. Investors are therefore urged to study the terms of offer carefully and consult their Investment Advisor before they invest in the Scheme.

RiskFactors
Scheme Specific Risk Factors: Investment in the scheme shall be subject to various other risk factors including but not limited to risk associated with investment in Equities such as trading volumes, settlement risk, liquidity risk, tracking error risk, risk associated with investment in Debt and money market instruments, risk associated with investment in derivatives, etc. For detailed risk factors please refer the SID The Sponsor is not responsible or liable for any loss or short fall resulting from the operation of the Mutual Fund beyond SID. the initial contribution made by it of an amount of Rs. 1 Lac towards setting up of the Mutual Fund. Unit holders / Investors are not being offered any guaranteed /assured returns under any scheme of IIFL Mutual Fund. IISL Disclaimer: S&P and Standard and Poors are trademarks of Standard & Poors Financial Services LLC, and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index IIFL Nifty ETF offered by IIFL Mutual Index. IIFL ETF IIFL Fund is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or S&P and its affiliates. Neither IISL nor S&P and its affiliates makes any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of IIFL Nifty ETF or any member of the public regarding the advisability of investing in g y y y p y y y securities generally or in IIFL Nifty ETF linked to S&P CNX Nifty Index or particularly in the ability of the S&P CNX Nifty Index to track general stock market performance in India. Please read the full Disclaimers in relation to the S&P CNX Nifty Index in the Scheme Information Document." NSE Disclaimer: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the Disclaimer Clause of NSE. Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information (SAI) and the Scheme Information Document (SID) and Key Information Memorandum (KIM) carefully before investing. Copy of the SAI, SID & KIM along with application form can be obtained from any of our AMC offices / Customer Service Centres / Distributors as well as from our website www.iiflmf.com. Investors can also contact us on our toll free number 18002002267 or send email at info.iiflmf@indiainfoline.com.

Disclaimer
This document is intended solely for the addressee(s). This presentation has been prepared and issued on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this document is for general purposes only and not a complete disclosure of every material fact and terms and conditions and features of IIFL Nifty ETF. This document is for information purposes and private circulation only and is not an offer to sell or a solicitation to buy any mutual fund units / securities. The information/ data here in alone is not sufficient and shouldn't be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party All opinions figures charts/graphs estimates and data included in this presentation are as on date and are subject to change without notice This party. opinions, figures, charts/graphs, notice. 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 local law, regulation or which would subject IIFL and affiliates to any registration or licensing requirement within such jurisdiction. The units / 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. While utmost care has been exercised while preparing this document, the Sponsors/the AMC/ the Trustee Company/ their associates/ any person connected with it, does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The statements contained herein may include statements of future expectations and other forward looking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Readers shall be fully responsible / liable for any decision taken on the basis of this presentation. No part of this document may be duplicated in whole or in part in any form and/or redistributed without prior written consent of the IIFL Mutual Fund / India Infoline Asset Management Company Limited. Readers should before investing in the Scheme make their own investigation and seek appropriate professional advice. Neither the Sponsors /the AMC/ the Trustee Company/ their associates/ nor any person connected with it, accept any liability arising from the use of this information.

Regd Office: India Infoline Asset Management Co. Ltd., IIFL Centre, 3rd floor Annex, Kamala City, S.B. Marg, Lower Parel, Mumbai 400 013

ThankYou