1

2

0

20

40

60

80

100

120

140

160

180

Jun

-04

Jun

-05

Jun

-06

Jun

-07

Jun

-08

Jun

-09

Jun

-10

Jun

-11

Jun

-12

Jun

-13

Jun

-14

Jun

-15

Jun

-16

Jun

-17

Jun

-18

NA

V [

RS.

]

Reliance Pharma Fund: NAV Movement

3

Earnings Recovery

Domestic Growth Opportunity

US Business Revival

Focus on Healthcare & Insurance

Investing for Future

Attractive Valuations

4

•

•

•

•

5

•

•

•

•

•

•

•

•

6

•

•

7

Note: Expenditure excludes investments, unless otherwise stated.1.Australian expenditure estimates exclude all expenditure for residential aged care facilities in welfare (social) services.2.Includes investments.

•

•

•

8

8

9

10

11

12

13

14

15

May

-16

Jun

-16

Jul-

16

Au

g-1

6

Sep

-16

Oct

-16

No

v-1

6

Dec

-16

Jan

-17

Feb

-17

Mar

-17

Ap

r-1

7

May

-17

Jun

-17

Jul-

17

Au

g-1

7

Sep

-17

Oct

-17

No

v-1

7

Dec

-17

Jan

-18

Feb

-18

Mar

-18

Ap

r-1

8

May

-18

Jun

-18

Reb

ased

Val

ues

Divergent Performance

S&P BSE HC S&P BSE Sensex

•

•

•

•

9

PE

•

•

•

10

•

•

•

•

•

•

•

•

•

•

•

11

Source: RMF Research, Bloomberg 11

12

12

•

•

•

•

•

•

•

13

Domestic & International

Branded & Generics

Healthcare Services

CRAMs (Contract Research &

Manufacturing)

13

14

(Source: MFI Explorer)

14

57% 57%

61%

46%

56%

40%43%

34%

41%

32%

3%1%

5%

13%10%

0%

10%

20%

30%

40%

50%

60%

70%

Dec-14 Dec-15 Dec-16 Dec-17 Jun-18

Reliance Pharma Fund - MCAP Allocation

Large Cap Mid Cap Small Cap

•

•

•

•

•

•

•

•

15

15

16

17

17

•

•

18

19

19

Reliance Consumption Fund -2.87 17.02 7.56 13.73 12.03 17.51

Reliance Multi Cap Fund 4.60 11.57 6.17 11.45 16.84 16.71

Reliance Large Cap Fund 7.33 12.98 9.61 10.58 18.62 15.19

20

21

•

•

22