Half Yearly Financial & Portfolio Statement (September

NameoftheInstrument Industry QuantityMarket/Fair

Value(` inLacs)

%toNetAssets

Equity&Equityrelated (a)Listed/awaitinglistingonStockExchanges

HDFCBankLimited Banks 201,800 3,643.90 9.59%

HousingDevelopmentFinanceCorporationLimited Finance 207,800 3,620.19 9.53%BajajFinanceLimited Finance 158,000 2,904.12 7.64%CESCLimited Power 257,000 2,536.08 6.67%HindustanPetroleumCorporationLimited PetroleumProducts 572,700 2,444.28 6.43%

ICICIBankLimited Banks 883,200 2,442.93 6.43%RelianceIndustriesLimited PetroleumProducts 297,000 2,319.27 6.10%

StateBankofIndia Banks 880,000 2,233.88 5.88%ICICIPrudentialLifeInsuranceCompanyLimited Finance 516,000 2,006.21 5.28%BajajFinservLimited Finance 38,200 1,969.00 5.18%GodrejIndustriesLimited ConsumerNon

Durables 308,000 1,811.81 4.77%

GrasimIndustriesLimitedCement

156,800 1,778.03

4.68%

DalmiaBharatLimitedCement

66,923 1,719.15

4.52%

IIFLHoldingsLimited Finance 200,000 1,215.50 3.20%SunPharmaceuticalIndustriesLimited Pharmaceuticals 220,000 1,107.15 2.91%TataGlobalBeveragesLimited ConsumerNon

Durables

527,000 1,084.57 2.85%

Capacit'eInfraprojectsLimited Construction 249,960 846.24 2.23%TheSouthIndianBankLimited Banks 3,000,000 846.00 2.23%AdityaBirlaCapitalLimited Finance

412,860 758.63 2.00%

ICICILombardGeneralInsuranceCompanyLimited Finance 94,754 644.52 1.70%

SubTotal 37,931.46 99.82%(b)Unlisted NIL NILSubTotal NIL NILTotal 37,931.46 99.82%CBLO/ReverseRepo CBLO 351.92 0.93%SubTotal 351.92 0.93%Total 351.92 0.93%NetReceivables/(Payables) (276.52) (0.75)%GRANDTOTAL 38,006.86 100.00% Notes: 1.TotalNonPerformingAssetsprovidedforanditspercentagetoNAV Nil2.NAVatthebeginningoftheperiod GrowthOption-Direct 13.5651 DividendOption-Direct 13.3918 GrowthOption 13.2428 DividendOption 11.7143 3.NAVattheendoftheperiod GrowthOption-Direct 14.6786 DividendOption-Direct 14.4899 GrowthOption 14.2210 DividendOption 12.5796 4.Exposuretoderivativeinstrumentattheendofthehalf-yearperiod Nil5.Investmentinforeignsecurities/ADRs/GDRsattheendofthehalf-yearperiod Nil6.Investmentinshorttermdepositattheendofthehalf-yearperiod Nil7.PortfolioTurnoverRatio 1.528.TotalDividend(net)declaredduringthehalf-yearperiod-(DividendOption) Nil9.TotalExposuretoilliquidsecurities Nil10.BonusdeclaredduringtheperiodendedSept30,2017 Nil11.Thedetailsofrepotransactionsoftheschemeincorporatedebtsecurities Nil

PORTFOLIOSTATEMENTOFIIFLINDIAGROWTHFUNDASONSEPTEMBER30,2017(AnOpen-endedEquityScheme)

IIFLAssetManagementLimitedCIN:U74900MH2010PLC201113IIFLCentre,6thFloor,KamalaCity,SenapatiBapatMarg,LowerParel,Mumbai-400013

www.ii�lmf.com

PORTFOLIOSTATEMENTOFIIFLDYNAMICBONDFUNDASONSEPTEMBER30,2017(AnOpen-endedIncomeScheme)

NoticeisherebygiventhattheUn-auditedFinancialResultsofrespectiveschemesofIIFLMutualFund,forthehalfyearendedSeptember30,2017,havebeenhostedonwebsiteofIIFLMutualFundi.e.www.ii�lmf.com.ThePortfoliostatementofrespectiveschemesofIIFLMutualFund,asonSeptember30,2017isasfollows:

NameoftheInstrument Rating Quantity

%toNet

DebtInstruments (a)Listed/awaitinglistingonStockExchange 9.10%DewanHousingFinanceCorporationLimited(16/08/2021)** CAREAAA 200,000 205.40 9.61%8.48%U.P.PowerCorporationLimited(15/03/2022)** FITCHAA(SO) 200,000 202.79 9.48%9.15%SPJammuUdhampurHighwayLimited(31/12/2024)** ICRAAAA(SO) 180,000 189.37 8.86%8.75%AxisBankLimited(14/12/2021)** CRISILAA+ 160,000 159.45 7.46%9.00%StateBankofIndia(06/09/2021)** CRISILAA+ 150,000 152.98 7.15%10.75%TataMotorsFinanceLimited(25/03/2020)** CRISILAA 140,000 147.04 6.88%9.45%StateBankofIndia(16/03/2026)** CRISILAAA 3,800 4.06 0.19%SubTotal 1,061.09 49.63%(b)Privatelyplaced/Unlisted NIL NIL

SubTotal NIL NILTotal 1,061.09 49.63%CBLO/ReverseRepo CBLO 495.89 23.19%SubTotal 495.89 23.19%Total 495.89 23.19%NetReceivables/(Payables) 581.36 27.18%

GRANDTOTAL 2,138.34 100.00%

**ThinlyTraded/NonTradedSecurity Notes: 1.TotalNonPerformingAssetsprovidedforanditspercentagetoNAV Nil2.NAVatthebeginningoftheperiod RegularPlan-GrowthOption 12.9627RegularPlan-Dividendpayout-MonthlyOption 11.2259RegularPlan-Dividendpayout-QuarterlyOption 12.5089RegularPlan-BonusOption 12.9627RegularPlan-Dividendpayout-HalfyearlyOption 12.5089DirectPlan-GrowthOption 13.2100DirectPlan-Dividendpayout-QuarterlyOption N.A.DirectPlan-Dividendpayout-MonthlyOption 11.46123.NAVattheendoftheperiod RegularPlan-GrowthOption 13.5759RegularPlan-Dividendpayout-MonthlyOption 11.4523RegularPlan-Dividendpayout-QuarterlyOption 13.1006RegularPlan-BonusOption 13.5759RegularPlan-Dividendpayout-HalfyearlyOption 13.1006DirectPlan-GrowthOption 13.8695DirectPlan-Dividendpayout-QuarterlyOption 13.1072DirectPlan-Dividendpayout-MonthlyOption 11.72814.Exposuretoderivativeinstrumentattheendofthehalf-yearperiod Nil5.Investmentinforeignsecurities/ADRs/GDRsattheendofthehalf-yearperiod Nil6.Investmentinshorttermdepositattheendofthehalf-yearperiod Nil7.AveragePortfolioMaturity 811Days8.TotalDividend(net)declaredduringthehalf-yearperiod-(DividendOption)

Plan/OptionName Individual&HUF OthersRegularHalfYearlyDividend Nil NilRegularMonthlyDividend 0.21667573 NilRegularQuarterlyDividend Nil Nil

DirectMonthlyDividend 0.21676630 NilDirectQuarterlyDividend Nil NilDividendsaredeclaredonfacevalueofRs.10perunit.Afterdistributionofdividend,theNAVfallstotheextentofdividend

9.TotalExposuretoilliquidsecurities Nil

10.BonusdeclaredduringtheperiodendedSept30,2017 Nil

11.Thedetailsofrepotransactionsoftheschemeincorporatedebtsecurities Nil

Assets

andstatutorylevy(ifapplicable).

Market/FairValue

(` inLacs)

NameoftheInstrument Rating Quantity

MoneyMarketInstrumentsCerti�icateofDeposit IndusIndBankLimited(06/10/2017)**# CRISILA1+ 2,500,000 2,497.91 8.89%AxisBankLimited(09/10/2017)# ICRAA1+ 2,500,000 2,496.67 8.89%HDFCBankLimited(11/10/2017)# CAREA1+ 2,500,000 2,495.82 8.88%RBLBankLimited(27/10/2017)**# ICRAA1+ 2,500,000 2,489.05 8.86%SubTotal 9,979.45 35.52%

CommercialPaper EdelweissCommoditiesServicesLimited(17/10/2017)**# CRISILA1+ 2,500,000 2,492.72 8.87%HousingDevelopmentFinanceCorporationLimited(23/10/2017)**# ICRAA1+ 2,500,000 2,490.63 8.86%PowerFinanceCorporationLimited(15/11/2017)**# CAREA1+ 2,500,000 2,481.22 8.83%SundaramBNPParibasHomeFinanceLimited(24/11/2017)**# ICRAA1+ 2,500,000 2,476.94 8.82%TataCapitalFinancialServicesLimited(29/11/2017)**# ICRAA1+ 2,500,000 2,473.73 8.80%CholamandalamInvestmentandFinanceCompanyLimited(30/11/2017)**# ICRAA1+ 2,500,000 2,473.09 8.80%TataMotorsFinanceLimited(02/11/2017)**# ICRAA1+ 2,000,000 1,988.59 7.08%SubTotal 16,876.92 60.06%

Total 26,856.37 95.58%CBLO/ReverseRepo CBLO 1,061.76 3.78%SubTotal 1,061.76 3.78%

Total 1,061.76 3.78%NetReceivables/(Payables) 177.93 0.64%GRANDTOTAL 28,096.06 100.00%

**ThinlyTraded/NonTradedSecurity#UnlistedSecurity

%toNetAssets

PORTFOLIOSTATEMENTOFIIFLLIQUIDFUNDASONSEPTEMBER30,2017(AnOpen-endedLiquidScheme)

Market/FairValue

(` inLacs)

Notes: 1.TotalNonPerformingAssetsprovidedforanditspercentagetoNAV Nil

2.NAVatthebeginningoftheperiod RegularPlan-GrowthOption 1284.9729RegularPlan-DailyDividendReinvestment 1000.0879RegularPlan-Dividendpayout-WeeklyOption 1005.6410DirectPlan-GrowthOption 1287.1548DirectPlan-DailyDividendReinvestment 1000.0880DirectPlan-Dividendpayout-WeeklyOption 1005.64743.NAVattheendoftheperiod RegularPlan-GrowthOption 1324.1288RegularPlan-DailyDividendReinvestment 1000.1041RegularPlan-Dividendpayout-WeeklyOption 1005.5085DirectPlan-GrowthOption 1326.7079DirectPlan-DailyDividendReinvestment 1000.0685DirectPlan-Dividendpayout-WeeklyOption N.A.4.Exposuretoderivativeinstrumentattheendofthehalf-yearperiod Nil5.Investmentinforeignsecurities/ADRs/GDRsattheendofthehalf-yearperiod Nil6.Investmentinshorttermdepositattheendofthehalf-yearperiod Nil7.AveragePortfolioMaturity 30Days8.TotalDividend(net)declaredduringthehalf-yearperiod-(DividendOption)

Plan/OptionName Individual&HUF OthersRegularPlanDailyDividend 21.67269740 20.07933942RegularPlanWeeklyDividend 21.89989247 19.41177908DirectPlanDividend 21.87857350 9.33903072

DirectPlanWeeklyDividend 1.76109518 Nil

9.TotalExposuretoilliquidsecurities10.BonusdeclaredduringtheperiodendedSept30,201711.Thedetailsofrepotransactionsoftheschemeincorporatedebtsecurities

DividendsaredeclaredonfacevalueofRs.1000perunit.Afterdistributionofdividend,theNAVfallstotheextentofdividendandstatutorylevy(ifapplicable).

NilNilNil

Commissionpaidtoassociates/relatedparties/groupcompaniesofsponsor/AMC

Note:Above�iguresdoesnotincludecommisionbornebyAMC(@)Indicateslessthan0.01Crores.

3.

CompanyNameSchemesinvestedinbythe

Company

Investmentmadebyschemesof

IIFLMutualFundinthe

company/subsidiary

Aggregatecostof

acquisitionduringthe

periodended

30thSept2017

Outstandingasat

30thSept2017

(AtMarket/Fair

Value)(RupeesinLakhs) (RupeesinLakhs)

DisclosureunderRegulation25(11)oftheSecuritiesandExchangeBoardofIndia(MutualFunds)Regulations,1996asamendedInvestmentsmadebytheschemes

ofIIFLMutualFundinCompaniesortheirsubsidiariesthathaveinvestedmorethan5%ofthenetassetsofanyscheme

NIL

4. Detailofunitholderswhoholdover25%oftheNAVoftheSchemeasattheendofthehalf-yearperiod.

Scheme No.ofInvestors Percentageofholding%

IIFLLiquidFund 1 25.05%

5. NoSchemehasdeclaredanybonusduringthehalf-yearperiodendedSeptember30,20176. NoneoftheSchemehasanydeferredrevenueexpenditure.7. NoSchemehasinvestedinforeignsecurities/ADRs/GDRsduringthehalf-yearperiodendedSeptember30,20178. Thetotaloutstandingexposureinderivativeinstrumentsasattheendofthehalf-yearperiodisNIL9. NoSchemehasborrowedmoneyforhalf-yearperiodendedSeptember30,2017

10. Launchdate/Allotmentdategivenbelow

Nameofthescheme LaunchDate AllotmentDate

IIFLDynamicBondFund 6-Jun-13 24-Jun-13IIFLLiquidFund 1-Nov-13 13-Nov-13IIFLIndiaGrowthFund 8-Oct-14 30-Oct-14

11

NameofAssociate:IIFLHoldingLtd

Quantity

Amount

(Rs.InCrores) QuantityFederalBankLtd 689,655 8.00 689,655 8.00Capacit'eInfraprojectsLtd 400,020 10.00 249,960 6.25ICICILombardGeneral

InsuranceCompanyLtd 151,294 10.00 94,754 6.26

12

IIFLIndiaGrowthFund Equity

TheunauditedHalfYearlyFinancialresultsfortheperiodendedSeptember30,2017havebeenapprovedbytheBoardofDirectorsof

IIFLAssetManagementLtd.andIIFLTrusteeLtd.

DuringthehalfyearendedSeptember30,2017,thebelowschemesubscribedintheissuesleadmanagedbytheassociatecompaniesor

subscribedtoanyissueofequityordebtonaprivateplacementbasiswherethesponsororitsassociatecompaniesofdevolvedwithrespect

thethesame.

SchemeName NameofIssuer TypeofSecurity

DetailsofSubscription DetailsofAllotment

Amount

(Rs.InCrores)

1. Therehasbeennochangeintheaccountingpolicyduringthehalf-yearendedSeptember30,20172. DisclosureunderRegulation25(8)oftheSecuritiesandExchangeBoardofIndia(MutualFunds)Regulations,1996:Paymenttoassociate/groupcompanies

Brokeragepaidtoassociates/relatedparties/groupcompaniesofSponsor/AMC

Nameofassociate/relatedparties/group

companiesofSponsor/AMC

NatureofAssociation/

NatureofrelationPeriodcovered

%oftotalvalueof

transactionofthe

Fund

Rs.

Crores

%oftotal

brokeragepaid

bytheFund

IndiaInfolineLimited Associate 01stOct2016to31stMarch2017 30.29 4.33 0.03 7.67 IndiaInfolineLimited Associate 01stApril2017to30thSept2017 36.14 2.70 0.04 3.32

NOTESTOACCOUNTS

Valueoftransaction Brokerage

Rs.

Crores

Nameofassociate/relatedparties/group

companiesofSponsor/AMC

NatureofAssociation/

NatureofrelationPeriodcovered

%oftotalbusiness

receivedbythe

Fund

%oftotal

commissionpaid

bytheFund

IndiaInfolineLimited Associate 01stOct2016to31stMar2017 22.72 4.60 0.06 5.90IIFLWealthManagementLimited Associate 01stOct2016to31stMar2017 405.96 82.23 0.94 91.15IIFLAssetManagement(Mauritius)Limited Associate 01stOct2016to31stMar2017 5.13 1.04 0.02 1.97

IndiaInfolineLimited Associate 01stAPR2017to30thSEP2017 24.03 3.62 0.08 4.37IIFLWealthManagementLimited Associate 01stAPR2017to30thSEP2017 632.75 95.27 1.61 93.76IIFLAssetManagement(Mauritius)Limited Associate 01stAPR2017to30thSEP2017 4.97 0.75 0.02 1.19

Businessgiven Brokerage

Rs.

Crores

Rs.

Crores

ForIIFLAssetManagementLimited ForIIFLTrusteeLimited

Sd/-

Director

Sd/-

Director

MUTUALFUNDINVESTMENTSARESUBJECTTOMARKETRISKS,

READALLSCHEMERELATEDDOCUMENTSCAREFULLY

Sr.No. Particulars IIFLDynamic

BondFund

IIFLLiquid

Fund

IIFLIndia

GrowthFund

01.04.2017to

30.09.2017

01.04.2017to

30.09.2017

01.04.2017to

30.09.20171.1 UnitCapitalatthebeginningofthehalf-yearperiod (RsinCrores) 16.16 223.79 277.651.2 UnitCapitalattheendoftheperiod (RsinCrores) 15.76 220.96 271.45

2.0 Reserves&Surplus (RsinCrores) 5.62 60.00 108.62

3.1 TotalNetAssetsatthebeginningofthehalf-yearperiod (RsinCrores) 20.92 241.98 362.333.2 TotalNetAssetsattheendoftheperiod (RsinCrores) 21.38 280.96 380.074.1 NAVatthebeginningofthehalfyearperiod (Rs)

RegularPlanGrowth 12.9627 1,284.9729 13.2428Dividend N.A. N.A. 11.7143DailyDividendOption N.A. 1,000.0879 N.A.WeeklyDividendOption N.A. 1,005.6410 N.A.FortnightlyDividendOption N.A. N.A. N.A.MonthlyDividendOption 11.2259 N.A. N.A.QuarterlyDividendOption 12.5089 N.A. N.A.HalfYearlyDividendOption 12.5089 N.A. N.A.BonusOption 12.9627 N.A. N.A.DirectPlanGrowthOption 13.2100 1,287.1548 13.5651DividendOption N.A. N.A. 13.3918DailyDividendOption N.A. 1,000.0880 N.A.MonthlyDividendOption 11.4612 N.A. N.A.QuarterlyDividendOption N.A. N.A. N.A.HalfYearlyDividendOption N.A. N.A. N.A.WeeklyDividendOption N.A. 1,005.6474 N.A.

4.2 NAVattheendoftheperiod (Rs)RegularPlanGrowth 13.5759 1,324.1288 14.2210Dividend N.A. N.A. 12.5796DailyDividendOption N.A. 1,000.1041 N.A.WeeklyDividendOption N.A. 1,005.5085 N.A.FortnightlyDividendOption N.A. N.A. N.A.MonthlyDividendOption 11.4523 N.A. N.A.QuarterlyDividendOption 13.1006 N.A. N.A.HalfYearlyDividendOption 13.1006 N.A. N.A.BonusOption 13.5759 N.A. N.A.DirectPlanGrowthOption 13.8695 1,326.7079 14.6786DividendOption N.A. 1,000.0685 14.4899DailyDividendOption N.A. N.A. N.A.MonthlyDividendOption 11.7281 N.A. N.A.QuarterlyDividendOption 13.1072 N.A. N.A.HalfYearlyDividendOption N.A. N.A. N.A.WeeklyDividendOption N.A. - N.A.

4.3 Dividend(net)paidperunitduringthehalf-year (Rs.)Individual&HUFRegularPlan-Dividend N.A. N.A. N.A.RegularPlan-Dividendpayout-DailyOption N.A. 21.67269740 N.A.RegularPlan-Dividendpayout-WeeklyOption N.A. 21.89989247 N.A.RegularPlan-Dividendpayout-FortnightlyOption N.A. N.A. N.A.RegularPlan-Dividendpayout-MonthlyOption 0.21667573 N.A. N.A.RegularPlan-Dividendpayout-QuarterlyOption N.A. N.A. N.A.RegularPlan-Dividendpayout-HalfyearlyOption N.A. N.A. N.A.DirectPlanDividend N.A. N.A. N.A.DirectPlanDividendpayoutDailyoption N.A. 21.87857350 N.A.DirectPlanDividendpayoutWeeklyoption N.A. 1.76109518 N.A.DirectPlan-Dividendpayout-MonthlyOption 0.21676630 N.A. N.A.DirectPlan-Dividendpayout-HalfyearlyOption N.A. N.A. N.A.OthersRegularPlan-Dividend N.A. N.A. N.A.RegularPlan-Dividendpayout-DailyOption N.A. 20.07933942 N.A.RegularPlan-Dividendpayout-WeeklyOption N.A. 19.41177908 N.A.RegularPlan-Dividendpayout-FortnightlyOption N.A. N.A. N.A.RegularPlan-Dividendpayout-MonthlyOption N.A. N.A. N.A.RegularPlan-Dividendpayout-QuarterlyOption N.A. N.A. N.A.RegularPlan-Dividendpayout-HalfyearlyOption N.A. N.A. N.A.DirectPlanDividend N.A. N.A. N.A.DirectPlanDividendpayoutDailyoption N.A. 9.33903072 N.A.DirectPlanDividendpayoutWeeklyoption N.A. N.A. N.A.DirectPlan-Dividendpayout-MonthlyOption N.A. N.A. N.A.DirectPlan-Dividendpayout-HalfyearlyOption N.A. N.A. N.A.INCOME

5.1 Dividend (RsinCrores) - - 2.005.2 Interest (RsinCrores) 0.78 11.41 0.385.3 Pro�it/(loss)onsale/redemptionofinvestments(otherthan

interscheme(RsinCrores) 0.26 0.00@ 44.34

5.4 Pro�it/(loss)oninter-schemetransfer/saleofinvestment (RsinCrores) - - -5.5 OtherIncome(indicatingnature) (RsinCrores) 0.00@ 0.00@ 0.00@5.6 TotalIncome(5.1to5.5) (RsinCrores) 1.04 11.41 46.72

EXPENSES6.1 ManagementFees(inclofServiceTax) (RsinCrores) 0.04 0.22 1.426.2 TrusteeshipFees (RsinCrores) 0.00@ 0.02 0.026.3 TotalRecurringExpenses(including6.1and6.2) (RsinCrores) 0.10 0.45 4.446.4 PercentageofManagementFeestodailyaveragenetassets# (%)

RegularPlan 0.34% 0.12% 0.70%DirectPlan 0.34% 0.12% 0.70%

6.5TotalRecurringexpensesasapercentageofdailyaveragenetassets# (%)RegularPlan 0.94% 0.25% 2.63%DirectPlan 0.44% 0.20% 1.10%

7.1 Returnsduringthehalfyear$[(+)(-)] 4.73% 3.05% 7.39%

7.2

CompoundedAnnualisedyieldincaseofschemesin

existenceformorethan1year(i)Last1year [%] 7.96% 6.26% 11.71%(ii)Last3years [%] 9.12% 7.24% N.A.(iii)Last5years [%] N.A. N.A. N.A.(iv)Sincethelaunchofthescheme/plan [%] 7.42% 7.50% 12.81%(v)Dateoflaunchofthescheme/plan 24-Jun-13 13-Nov-13 30-Oct-14

7.3 ReturnsonBenchmarkIndexduringthehalfyear 4.41% 3.29% 6.70%7.4 CompoundedAnnualisedyieldonBenchmarkIndex

(i)Last1year [%] 7.94% 6.70% 13.71%(ii)Last3years [%] 10.64% 7.64% N.A.(iii)Last5years [%] N.A. N.A. N.A.(iv)Sincethelaunchofthescheme/plan [%] 9.14% 8.03% 6.39%

BenchmarkIndex

CRISIL

CompositeBond

FundIndex

CRISILLiquid

FundIndex CNXNiftyIndex

8 ProvisionforDoubtfulIncome/Debts (RsinCrores) - - -9 Paymentstoassociate/groupcompanies (RsinCrores) 0.05 0.09 1.6010 Investmentsmadeinassociate/groupcompanies (RsinCrores) - - 12.32

N.A. NotApplicable

($)

Returnsduringthehalfyearhasbeencalculatedon

publishednavsfortheGrowthOptionofScheme

(@) Indicateslessthan0.01Crores.(#) Indicatesannualisedfortheperiod.

Sr.No. Particulars IIFLDynamic

BondFund

IIFLLiquid

Fund

IIFLIndia

GrowthFund

01.04.2017to

30.09.2017

01.04.2017to

30.09.2017

01.04.2017to

30.09.2017

UNAUDITEDFINANCIALRESULTSOFTHESCHEMESOFIIFLMUTUALFUNDFORTHEPERIODENDEDSeptember30,2017

(PursuanttotheprovisionsofRegulation59oftheSecuritiesandExchangeBoardofIndia(MutualFunds)Regulations,1996)

FINAL