POST TAX RETURN COMPUTATION

Particulars Arbitrage Funds Liquid Funds Fixed Deposits

Assumed Return 6.50% 6.00% 7.25%

Investment Period Less than a Year Less than a Year Less than a Year

Thus STCG Applicable for 6.50% 6.00% 7.25%

STCG Rate 17.47% 34.94% 34.94%

Post STCG Rate 5.36% 3.90% 4.72%

Post Tax Return 5.36% 3.90% 4.72%

The above simulation is based on highest tax rates applicable and for illustrative purposes only which should not be
construed as a promise on minimum returns. There is no assurance or guarantee to unit holders as to rate/quantum of
dividend distribution nor that the dividends will be paid regularly. Any calculations made are approximations.