Narnolia

1. About Narnolia 8 Narnolia Group, founded in 1997, is celebrating its Silver Jubilee in 2021-22. 8 India’s Oldest Investment Advisory Product Manufacturers Research & 12 years of real-time Performance, not based on any hypothetical back-tested data. with a track record of 18 years of 2nd Largest Registered Investment Advisor (RIA) of the Country, 2020-21 Recognized as the BSE Star & Associates. by 8 8Industry Leading Performance: 4 Star Rating, Rank 2 by CRISIL for 2020-21 4 Absolutely, Relatively & Consistently (ARC) - Generated over 20% CAGR return with 10% Alpha over the last 12 years. 4 Performance by Design, not by Chance: One of the Country’s Largest 30 Member Research Team, Truly Process-driven (112 sub-processes), Promoter-led, Growth-in-Value Philosophy, 360*5M Research Parameters (Risk Management). 8 > 40 National & Regional brokers, Large and Prestigious Institutions. Industry Leading Network: 8 Not a single complaint lodged against these products of the firm with any of the regulators since inception. 8 Prestigious Recognitions 2nd Largest Registered Investment Advisor (RIA) of the Country, 2020-21 by BSE Star & Associates Narnolia Multi-Cap PMS Strategy Rated 4 Star (Rank 2), 2020 - 21 by CRISIL Most Consistent Portfolio Manager of the Country 2018 & 2019 by BSE Tefla’s Our Investment Philosophy Narnolia follows the ‘Growth in Value’ investment philosophy and has demonstrated a successful track record measured in terms of superior risk-adjusted returns over a long period. Quality always prevails. Along with quality in a growing economy like India where on every production or consumption parameter upside potential is still humongous, majority of existing market leaders remain minuscule in the global context. Indian market over the last thirty years since the great economic reform has oscillated between phases of out-performance by quality companies and phases of out-performance by growing businesses. ‘Growth in Value’ combines the advantages of these two fundamental parameters and helps create superior performance.

2. 4 Pillars of Our Investment Framework Seeking Linear Consistent Growth Principle of Growth in Value Among various proven philosophies of investing, our chosen style is ‘Growth in Value’. Here the word value is derived from the word valuable i.e. factors that make a company more valuable. Prefers companies where improvement happens linearly in small steps over a relatively longer period of time as these companies’ valuation multiple expands along with earnings and does not contract in a hurry. 01 02 04 03 Risk Manager’s Mindset 360° Deductive Reasoning Framework Portfolio has a predetermined risk-return expectation framework which enables taking active risk keeping in mind economic exposures, liquidity risk and stock/sector/cap/theme weightages. Insist on knowing why and how a company makes its revenue from a 360 perspective - understanding the addressable market & it’s changing dynamics, the management strategy, the operational & financial moat, the financial model of the company & as well as the valuation multiple. Investment Process With Well-Defined 5 Stages & 112 Sub-Processes Approved ‘Analysis’ List Preparation (Involves Financial Modelling) Creating our Investment Universe Focused ‘BUY’ List Preparation (Involves Business Modelling) Buying in Portfolio (Involves Decision Modelling) Tracking & Risk Control

3. About Narnolia PMS Narnolia PMS is meant to be a core buy and hold portfolio for investors who aim to capitalise on the wealth- creation opportunity in the Indian economy through equity investing. Narnolia PMS provides an unique opportunity to diversify a single PMS investment among 5 different Equity & Mutual Funds Strategies - all through a single account, helping the investor to prudently allocate their investments in these strategies proportionately depending their requirements and risk profile. With this the investor gets the freedom to choose their preferred basket of stocks. All strategies are uniquely modelled around various cap and fundamental characteristics of growth and quality. Each portfolio comprises a flexible and judicious mix of companies to have the right kind of stability to sail through tough times as well as has the right force to outperform in the long term. Why Narnolia PMS? Diversify single PMS investment between 2 or more strategies SIP & Top-up Options Available Stable Returns across Market Cycles Strong Risk Management & Research Framework Strategies Inside Narnolia PMS Large-Cap It comprises of companies that are leaders in the respective industry in which they operate. 80% weightage in this strategy is given to companies that are part of Nifty Large Cap 100 Index. This index’s constituents have high correlation (0.94) with the Nifty 50 Index. Mid and Small Cap It comprises of companies that are mostly part of the Nifty Mid & Small Cap 400 Index. In the market cycle when the expansion phase occurs, these Mid & Small Cap pr ovide higher returns. The strategy combines high quality moat companies with high growth companies. Multi-Cap It provides the opportunity to take an optimum investment exposure across various market capitalizations and industries of the Indian listed companies. 80% weightage in this strategy is given to companies that are a part of the Nifty 500 Index. 5T X 5T It invests in subsets of 4-6 themes out of multiple themes underlying the economic buoyancy. The portfolio consists of 15-20 stocks from 4-6 Selected themes across various sectors. Maximum Weight on any stock is 10% while maintaining sector diversity. Multi-Asset It comprises of a flexible and judicious mix of Multi-Cap, Large, Mid & Small Cap Equity Mutual Funds, Debt Schemes or if required, other asset classes like Gold. The portfolio has been designed to have the right kind of stability to sail through tough times, as well as the right force to outperform in the long term. Value of INR 1CR Invested In March 2012 as on November 2021 (CAGR Returns) 6.7 CR @ 21.8% INR 3.5 CR @ 14.0% NIFTY 500 NARNOLIA PMS: MULTI-CAP STRATEGY INR VS

4. Narnolia Investment Advisory Portfolios (IAP) Narnolia Investment Advisory Portfolios (IAP) Investment Advisory Portfolios are research-backed advisory baskets that aim to deliver superior risk-adjusted returns absolutely, relatively & consistently. IAP investing provides investors an unique opportunity for active professional investment advisory required for long-term wealth-creation while allowing the flexibility to decide to take action on the advisory or not as well as direct ownership of stocks. Investment Advisory Portfolios are research-backed advisory baskets that aim to deliver superior risk-adjusted returns absolutely, relatively & consistently. IAP investing provides investors an unique opportunity for active professional investment advisory required for long-term wealth-creation while allowing the flexibility to decide to take action on the advisory or not as well as direct ownership of stocks. Why Investment Advisory Portfolios? Why Investment Advisory Portfolios? Designed to retain the flexibility of direct ownership for Wealth Creation Provides the discipline, professional competency, and long term approach similar to that of a Mutual Fund/PMS Empowers the individual investor with the power of Award-Winning, Multi-Asset, Multi-Strategy Research Designed to retain the flexibility of direct ownership for Wealth Creation Provides the discipline, professional competency, and long term approach similar to that of a Mutual Fund/PMS Empowers the individual investor with the power of Award-Winning, Multi-Asset, Multi-Strategy Research NS Industry Leaders Theme: Long term capital appreciation by investing in companies that are the top-3 players of their respective industries. NS Industry Leaders Theme: Long term capital appreciation by investing in companies that are the top-3 players of their respective industries. NS Mid & Small Cap Theme: Long-term capital growth by investing in smaller but growing companies of India. NS Mid & Small Cap Theme: Long-term capital growth by investing in smaller but growing companies of India. NS Multi Cap Theme: To participate in the India growth story through investing in the Indian equity markets by building a diversified portfolio across various sectors & caps. NS Multi Cap Theme: To participate in the India growth story through investing in the Indian equity markets by building a diversified portfolio across various sectors & caps. NS 5T X 5T Thematic Portfolio: It invests in 4-6 themes that will play a significant role in India’s Journey to a 5 Trillion economy. NS 5T X 5T Thematic Portfolio: It invests in 4-6 themes that will play a significant role in India’s Journey to a 5 Trillion economy. NS Investment Advisory Portfolio Performance Since Inception CAGR Returns NS Investment Advisory Portfolio Performance Since Inception CAGR Returns NS IAPs Benchmark CAGR Returns NS IAPs Benchmark CAGR Returns 20.7% 28.1% 19.7% 24.6% 10.8% 18.9% 11.0% 14.7% 20.7% 28.1% 19.7% 24.6% 10.8% 18.9% 11.0% 14.7% Nifty 100 Nifty Mid & Small 400 Nifty 500 Nifty 500 Nifty 100 Nifty Mid & Small 400 Nifty 500 Nifty 500 NS Industry Leaders (ID: 1st Oct.2009) NS Mid & Small Cap (ID: 1st April 2013) NS Multi Cap (ID: 1st Oct. 2009) NS 5Tx5T (ID: 29th April 2021) NS Industry Leaders (ID: 1st Oct.2009) NS Mid & Small Cap (ID: 1st April 2013) NS Multi Cap (ID: 1st Oct. 2009) NS 5Tx5T (ID: 29th April 2021) Please note: Data is as on 30th November 2021. For detailed disclaimer, please visit www.narnolia.com. ID: Inception Date Please note: Data is as on 30th November 2021. For detailed disclaimer, please visit www.narnolia.com. ID: Inception Date How to Invest in NS IAP? How to Invest in NS IAP? 1 2 3 4 5 1 2 3 4 5 Register with Narnolia (Risk Profiling + IA Agreement) Register with Narnolia (Risk Profiling + IA Agreement) Open an Account with Broker Open an Account with Broker Select IAP and Investment Amount Select IAP and Investment Amount Pay Advisory Fees Pay Advisory Fees Execute NS IAP! Execute NS IAP! Value of INR 1CR Invested In October 2009 as on November 2021 (CAGR Returns) 8.9 CR @ 19.7% Value of INR 1CR Invested In October 2009 as on November 2021 (CAGR Returns) 8.9 CR @ 19.7% INR 3.5 CR @ 11.0% INR 3.5 CR @ 11.0% NIFTY 500 NIFTY 500 NARNOLIA MULTI-CAP IAP NARNOLIA MULTI-CAP IAP INR INR VS VS