open ended equity scheme goldman sachs india equity...

1

Name of the Fund: Goldman Sachs Mutual Fund

Name of the AMC: Goldman Sachs Asset Management (India) Private Limited

KEY INFORMATION MEMORANDUM

1. OPEN ENDED EQUITY SCHEME

GOLDMAN SACHS INDIA EQUITY FUND (GSIEF)

2. OPEN ENDED INDEX SCHEME

GOLDMAN SACHS CNX 500 FUND (GS CNX 500)

Product Label Name of Scheme This product is suitable for investors who are seeking*: Goldman Sachs India Equity Fund (GSIEF)

long-term capital appreciation. investment in equity and equity-related securities, debt securities and

money market instruments. high risk. (BROWN)

Goldman Sachs CNX 500 Fund (GS CNX 500)

long-term capital appreciation. investment in securities covered by CNX 500 Index. high risk. (BROWN)

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk may be represented as: (BLUE) investors

understand that their principal will be at low risk

(YELLOW) investors understand that their principal will be at medium risk

(BROWN) investors understand that their principal will be at high risk

Continuous Offer for Units of the Schemes at NAV based prices

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Schemes/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights and services, risk factors, penalties and pending litigations, etc. investors should, before investment, refer to the Scheme Information Document (SID) and Statement of Additional Information (SAI) available free of cost at any of the Investor Service Centres or distributors or from the website www.gsam.in The Schemes particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.

2

The offer and sale of the Units has not been registered pursuant to an effective registration statement under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or approved or disapproved by the United States Securities and Exchange Commission or the securities or regulatory agency of any state in the United States. The offer and sale of the Units is made in reliance upon the exemption from registration contained in Regulation S of the U.S. Securities Act (“Regulation S”), and the regulations promulgated thereunder relating to limited offering transactions. Units will be offered to non-U.S. persons (as that term is defined in Regulation S) and will not be offered for sale in the United States or its territories or possessions. The Schemes will not be registered as an “investment company” under the United States Investment Company Act of 1940, as amended (the “U.S. Investment Company Act”) and Goldman Sachs Asset Management (India) Private Limited will not be registered as an “Investment Adviser” under the United States Investment Advisers Act of 1940, as amended. Accordingly, Investors who acquire Units will not be entitled to the protections afforded by such acts. Please refer to the Section I(C) (Special Considerations) for further details in this regard. Units may not be acquired by or for the benefit of U.S. Persons, employee benefit plans to which Title I of the United States Employee Retirement Income Security Act of 1974, as amended (“ERISA”) applies, certain other plans (such as individual retirement accounts and Keogh plans) that, although not subject to ERISA, are subject to certain similar rules of the United States Internal Revenue Code of 1986, as amended (the “Code”) and entities whose assets are treated as “plan assets” of any such plans or accounts under ERISA, or any entities that hold the assets of such plans, accounts or entities (collectively, “Prohibited Purchasers”). Please refer to the disclosures contained herein and in the Statement of Additional Information and other public filings (as applicable) of the Mutual Fund for further details in this regard. An attempted purchase of Units by such persons may be ineffective and may result in mandatory Redemption, repurchase or transfer. By purchasing Units, whether during the NFO Period or by secondary market purchase, an Investor will be deemed to have represented to the Schemes and the Mutual Fund that it is not a Prohibited Purchaser. THIS KEY INFORMATION MEMORANDUM SHOULD BE RETAINED FOR FUTURE REFERENCE. This Document is dated June 27, 2014

Investment Objective

1) GSIEF

The investment objective of Goldman Sachs India Equity Fund is to seek to generate long-term capital growth from an actively managed portfolio primarily of equity and Equity Related Securities.

There can be no assurance that the investment objective of the Scheme would be achieved.

2) GS CNX 500

The investment objective of Goldman Sachs CNX 500 Fund is to generate capital appreciation through equity investments by investing in Securities which are constituents of CNX 500 Index in the same proportion as in the index. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved. However, the performance of GS CNX 500 may differ from that of the respective underling index due to Tracking Error.

Asset Allocation Pattern of the Schemes

1) GSIEF

Instruments Indicative allocation (% of net assets) Risk Maximum Minimum High / Medium / Low

Equities & Equity Related Securities

Up to 100% 80% High

3

Debt Securities & Money Market Instruments (including cash & cash equivalents)

Up to 20% 0% Low to medium

The Scheme will not invest in securitized debt. If the Scheme decides to invest in ADRs / GDRs issued by Indian / foreign companies and in foreign Securities in accordance with SEBI Regulations, it is the intention of the Fund Manager that such investments will not normally exceed 30% of the net assets of the Scheme. If the Scheme decides to invest in Derivatives it is the intention of the Fund Manager that such investments will not normally exceed 30% (gross exposure) of the net assets of the Scheme. The cumulative gross exposure through equity, debt and Derivative positions shall not exceed 100% of the net assets of the Scheme. 2) GS CNX 500

Types of Instruments Risk Profile %

Securities constituting CNX 500 Index, Derivatives on the Securities constituting CNX 500 Index

Medium to High

90% - 100%

Money Market Instruments, Government-Securities, bonds, debentures and cash at call

Low to Medium

0% - 10%

The notional exposure of the Scheme in Derivative instruments shall be restricted to 10% of the net assets of the Scheme. Subject to the SEBI Regulations as applicable from time to time, the Scheme may, if the Trustees permit, participate in securities lending. The maximum exposure of the Scheme to a single intermediary in the stock lending programme at any point of time would be limited to 50% of the market value of its equity portfolio or up to such limits as may be specified by SEBI. The Scheme will not lend more than 75% of its corpus. Note: The percentages stated in the above asset allocation table are indicative and not absolute.

Investment Strategy

1. GSIEF: The Fund Manager will follow an active investment strategy primarily based on fundamental research driven bottom up stock selection approach.

2. GS CNX 500: The Scheme will invest at least 90% of its total assets in the stocks of its underlying index in the same proportion as in the index. The Scheme shall invest all of its funds as per its investment objective and asset allocation pattern, except to meet its liquidity requirements. Passive approach eliminates active management risks pertaining to over/underperformance vis-à-vis a benchmark. In case the Scheme invests in stocks of companies outside the Index due to corporate actions, then the Fund Manager will rebalance the portfolio of the Scheme to the position indicated in the asset allocation table. However, if market conditions do not permit exiting the corporate action then the AMC would notify the Board of the Trustee Company and the Investment Committee of the AMC with appropriate justifications.

Risk Profile of the Schemes & Risk Mitigation

Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for detailed risk factors before investment. 1. Market Risk: The NAV of the Schemes will react to the Securities market movements.

2. Volatility Risk: The equity markets and Derivative markets are volatile and the value of, Derivative

contracts and other instruments correlated with the equity markets may fluctuate dramatically from day to day. This volatility may cause the value of investment in the Schemes to decrease.

4

3. Asset Class Risk: The returns from the types of Securities in which the Schemes invest may under perform from the various general Securities markets or different asset classes.

4. Passive Investments: GS CNX 500 is not actively managed. Since the Scheme is linked to index, it

may be affected by a general decline in the Indian markets relating to its underlying index. The Scheme as per its investment objective invests in Securities which are constituents of its underlying index regardless of their investment merit. The AMC does not attempt to individually select stocks or to take defensive positions in declining markets.

5. Risk pertaining to Investments in Derivative Instruments: Derivative products are leveraged

instruments and can provide disproportionate gains as well as disproportionate losses to the Investor. 6. Risk Associated with Investing in Equities

The Schemes are intended for long-term Investors who can accept the risks associated with investing primarily in Equity and Equity Related Securities. Equity instruments by nature are volatile and prone to price fluctuations on a daily basis.

The portfolio price volatility and associated risks could be greater for investments in smaller, lesser-known companies as compared to investments in more mature or better- known firms.

The Schemes may concentrate its investments in the Securities of companies of certain sectors and will therefore be subject to the risks associated with such concentration.

The Schemes may invest in convertible Securities which have a similar risk and performance profile to the underlying equity shares when they are or are close to convertible.

If the Fund Manager does not receive sufficient advance notice of a voluntary corporate action by the issuer of the Security, such as an offer to purchase new shares, or to tender existing shares, of that Security at a certain price, the Fund Manager may not be able to elect to participate in that corporate action.

7. Risks Associated with Investing in Indian Markets: Investing in Indian markets may be affected by

political, social, and economic developments affecting India, which may include changes in exchange rates and controls, interest rates, government policies, diplomatic conditions, hostile relations with neighbouring countries, taxation policies including the possibility of expropriation or confiscatory taxation, imposition of withholding taxes on Dividend or interest payments, limitation on removal of funds or assets of the Schemes and ethnic, religious and racial disaffections or conflict.

8. Risks Associated with Investing in Debt Securities Debt Securities are subject to the risk of an issuer’s inability to meet principal and interest payments

on the obligation (credit risk) and may also be subject to price volatility due to such factors as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity (market risk).

Interest Rate Risk: Changes in interest rates will affect the Scheme’s NAV. The prices of Securities usually increase as interest rates decline and usually decrease as interest rates rise.

Liquidity or Marketability Risk: This refers to the ease at which a Security can be sold at or near its true value. The primary measure of liquidity risk is the spread between the bid price and the offer price quoted by a dealer. Liquidity risk is characteristic of the Indian fixed income market. Trading volumes, settlement periods and transfer procedures may restrict the liquidity of the investments made by the Scheme.

Credit Risk: Credit Risk means that the issuer of a Security may default on interest payments or even paying back the principal amount on maturity (i.e. the issuer may be unable to make timely principal and interest payments on the Security). Even where no default occurs, the prices of a Security may go down because the credit rating of an issuer goes down.

9. Risks Associated with Investing in Overseas Financial Assets: If the Schemes invest in overseas

financial assets then there may be risks associated with currency movements, exchange rate risks, the nature of the securities market of the relevant country and restrictions on repatriation and transaction procedures in overseas market. Fluctuations in currency exchange rates may affect the NAV in the case

5

of Foreign Securities. 10. Risks Associated with Investing in Derivatives

Derivative products are leveraged instruments and can provide disproportionate gains or losses to the Investor. Identification and execution of such strategies depends upon the ability of the Fund Manager to identify such opportunities, and the decision of the Fund Manager may not always be profitable. No assurance can be given that the Fund Manager will be able to identify or execute such strategies. The risks associated with the use of Derivatives are different from and possibly greater than, the risks associated with investing directly in Securities and other traditional investments.

The use of Derivatives requires an understanding not only of the underlying instrument but also of the Derivative itself. If the Fund Manager is incorrect in its forecasts of market values and currency exchange rates, the investment performance of the Schemes may be less favourable than it would have been if this investment technique were not used. These additional risks may arise as a result of any or all of the following: (i) the creditworthiness of the counterparties to such Derivative transactions; and/or (ii) the potential illiquidity of the markets for Derivatives.

To the extent that Derivatives are utilised to seek to achieve the investment objectives of the Scheme, and for purposes other than hedging, the overall risk of loss to the Schemes may be increased.

Trading in Derivatives carries a high degree of risk although they are traded at a relatively small amount of margin which provides the possibility of significant profit or loss in comparison with the principal investment amount. Even a small price movement in the underlying asset could have a large impact on their value. The Schemes may find it difficult or impossible to execute Derivative transactions in certain circumstances.

11. Reinvestment Risk: The risk is that the rate at which interim cash flows can be reinvested may be

lower than that originally assumed. 12. Risk of Substantial Redemption: Substantial Redemptions of Units within a limited period of time

could require the Schemes to liquidate positions more rapidly than would otherwise be desirable, which could adversely affect the value of both the Units being Redeemed and that of the outstanding Units of the Schemes. The risk of a substantial Redemption of the Units may be exacerbated where an investment is made in the Schemes as part of a structured product with a fixed life and where such structured products utilise hedging techniques. Please also refer to the sections on ‘right to limit Redemptions’ and ‘suspension of Purchase / Redemption of Units’ in the Statement of Additional Information.

13. Tracking error risk (Applicable only to GS CNX 500): The Schemes would be subject to Tracking

error risk. The Fund Manager would not be able to invest the entire corpus exactly in the same proportion as in the underlying index due to certain factors such as fees and expenses of the Scheme, corporate actions, cash balance, changes to the underlying index and regulatory restrictions, which may result in Tracking Error. Further, internal policies of the global Goldman Sachs Group may affect the AMC’s ability to achieve close correlation with the underlying index of the Scheme. The Scheme’s returns may therefore deviate from its underlying index. Regulations and internal policies of the global Goldman Sachs Group may impose restrictions on the investment and/or divestment activities of the Schemes and would occur as a result of the diverse nature of the activities of the global Goldman Sachs Group. Such restrictions are typically outside the control of the AMC and may cause or exacerbate the Tracking error. The Fund Manager would monitor the Tracking Error of the Schemes on an ongoing basis and would seek to minimize the Tracking Error to the maximum extent possible. There can be no assurance or guarantee that the Schemes will achieve any particular level of Tracking Error relative to performance of the underlying Index.

14. Risk Factors relating to Portfolio Rebalancing: In the event that the asset allocation of the Scheme

deviates from the ranges as provided in the asset allocation table in this SID, then the Fund Manager will rebalance the portfolio of the Scheme to the position indicated in the asset allocation table within a period of 7 30 Working days (for GSIEF) from the date of said deviation. However, if market conditions do not permit the Fund Manager to rebalance the portfolio of the Scheme within the stipulated period of

6

7 30 Working days (for GSIEF) then the AMC would notify the Board of the Trustee Company and the Investment Committee of the AMC with appropriate justifications.

15. Risk Factors in case of Corporate Actions (For GS CNX 500): In case the Scheme invests in stocks

of companies outside the Index due to corporate actions, then the Fund Manager will rebalance the portfolio of the Scheme to the position indicated in the asset allocation table within a period of 30 days from the date of said deviation. However, if market conditions do not permit exiting the corporate action within this stipulated period of 30 days then the AMC would notify the Board of the Trustee Company and the Investment Committee of the AMC with appropriate justifications.

Risk Risk mitigation strategy Market Risk (For GSIEF) Risk arising due to adverse market movements. The scheme is vulnerable to price fluctuations and volatility, which could have a material impact on the overall returns of the scheme.

The Scheme is intended for Investors who can accept the risks associated with investing primarily in equity and equity related securities. While market risk cannot be eliminated, the Scheme seeks to generate outperformance compared to its selected benchmark by investing in a well-diversified portfolio of companies with sound or improving business fundamentals and trading at a substantial discount to portfolio managers estimate of intrinsic value.

Business Risk (For GSIEF) Risk related to uncertainty of income caused by the nature of a company’s business, which could lead to price fluctuations

Portfolio companies are carefully selected based on detailed evaluations of industry, business model and management. We attempt to develop a thorough understanding of portfolio companies while being alert to changing business dynamics and their impact on fair value estimates of the company

Derivatives Risk (For GSIEF & GS CNX 500) Various inherent risks arising as a consequence of investing in derivatives (such as forwards, futures, options, and swaps). Due to the leverage nature of some derivatives, as the market value of the derivative position is variable, gains or losses can be incurred and magnified.

Continuous monitoring of the derivatives positions and strictly adhering to the fund’s investment guidelines limiting the use of derivatives as well as the regulations regarding investment in derivatives.

Concentration Risk (For GSIEF) Risk arising due to over exposure to few securities/issuers/sectors

Ensuring diversification by investing across the spectrum of securities/issuers/sectors. Continuous monitoring of stock / sector level exposures in terms of upside potential as well as contribution to portfolio risk.

Liquidity Risk (For GSIEF) Risk associated with limited saleability of portfolio securities, preventing the liquidation of unfavourable positions promptly, potentially causing substantial losses.

Monitor the portfolio liquidity periodically and sizing individual positions appropriately to take into account liquidity of individual stocks as well as overall portfolio liquidity.

Tracking Error Risk (For GS CNX 500) The performance of the Scheme may not be commensurate with the performance of CNX 500 Index on any given day or over any given period

The objective of the Scheme is that the NAV should closely track the performance of CNX 500 Index over the same period subject to tracking error. The Scheme would endeavour to maintain a low tracking error by actively aligning the portfolio in line with the index.

Risk Mitigation (For GS CNX 500): The Fund will follow full replication strategy and would try and maintain minimum cash at all points of time. Further, the rebalance of the Scheme would be done as per notification received from the index provider. Investors are requested to read the detailed sections on ‘Standard Risk Factors’ and the ‘Scheme

7

Specific Risk Factors’ applicable to the Scheme provided in the SID carefully before making investments in the Scheme.

Plans and Options

In terms of SEBI Circular No. CIR/IMD/DF/21/2012 dated September 13, 2012, direct investments by investors, viz. where the investment is not routed through distributors but made directly by the investors, are required to have a separate plan (i.e. Direct Plan) and a separate NAV. Expenses such as distribution expenses, brokerage or commission payable to distributors will not be charged to the investment made via direct investment and hence the Direct Plan will have a lower expense ratio. Based on the above, the Schemes offer a choice of two plans: 1. Direct Plan; and 2. Distributor Plan The investment Portfolio shall be common for both the Plans. Each Plan has two Options i.e. Growth Option and Dividend Option. Dividend Option has two facilities - Dividend reinvestment and Dividend payout.

GSIEF - Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP) are available in the Scheme. GS CNX 500 - Systematic Investment Plan (SIP), Value Averaging Investment Plan (VIP) are available in the Scheme and Systematic Transfer Plan (STP).

Applicable NAV for Subscriptions / Redemptions / Switches

Cut-off time is the time before which the Investor’s Application Form(s) (complete in all respects) should reach the Official Points of Acceptance to be entitled to the Applicable NAV of that Working Day. An application will be considered accepted on a Working Day, subject to it being complete in all respects and received and time stamped upto the relevant Cut-off time mentioned below, at any of the Official Points of Acceptance of transactions. Where an application is received and the time stamping is done after the relevant Cut-off time the request will be deemed to have been received on the next Working Day. (A) Applications for an amount less than Rs. 2,00,000 (Rs. Two lakh only) For Purchases including Switch-ins: In respect of valid applications received by 3.00 p.m. by the Fund along with a local cheque or a demand draft payable at par at the Official Point(s) of Acceptance where the application is received, the closing NAV of the day on which application is received shall be applicable. (B) Applications for amount equal to or greater than Rs. 2,00,000 (Rs. Two lakh only) For Purchases including Switch-ins: All valid applications received for an amount equal to or more than Rs 2 lakhs will be allotted Units based on the NAV of the day on which the funds are realized up to 3.00 p.m., subject to the application being time stamped not later than 3.00 pm on the day the funds are available for utilization. (C) In respect of all valid applications (i) received after 3.00 p.m. IST along with a local cheque or a demand draft payable at par at any Official Points of Acceptance where the application is received, or (ii) where the amount is equal to or more than Rs 2 lakhs where the funds are realized after 3.00 p.m. IST, the closing NAV of the following Working Day shall be applicable. In case where more than one application is received for Purchase/Subscription (fresh or additional) into a Scheme for an aggregate investment amount equal to or more than Rs.2 lakhs on any Working Day across all Plans/Options of the relevant Scheme, then such applications shall be aggregated at the Investor level; provided the Investor holding pattern is the same across the investments. (same holders/joint holders will be identified by their Permanent Account Numbers (PAN). Accordingly the Applicable NAV for such applications shall be the closing NAV of the Working Day on which the funds are available for utilisation before the Cut-off time (currently 3:00 p.m.) in case of each application. For applications received via post or courier at any of the Official Points of Acceptance, the date and time of receipt of the post or courier will not be considered for reckoning the application as having been accepted. An

8

application will be considered accepted only when it is time stamped at the Official Point(s) of Acceptance. The AMC will not accept applications with outstation cheques/demand drafts not payable at par. For Redemption/Switch out In respect of valid Redemption /Switch out request accepted at an Official Points of Acceptance up to 3 p.m. Indian Standard Time on a Working Day, the closing NAV of that day will be applicable. In respect of valid / Redemption / Switch out request accepted at an Official Points of Acceptance, after 3 p.m. Indian Standard Time on a Working Day, the closing NAV of the next Working Day will be applicable.

Minimum Application Amount/ Number of Units in an Option of the Schemes

Scheme Purchase Additional Purchase

Redemption

GS CNX 500 Rs. 10,000/- and in multiples of Re. 1/- thereafter.

Rs. 1,000/- and in multiples of Re. 1/- thereafter.

Minimum amount of Rs. 1,000/- (Rupees One Thousand only) and in multiples of Re. 1/- (Rupee One) thereafter. However if post Redemption the minimum balance in the Unit holder’s account falls below Rs. 1,000/- or 100 Units whichever is less, in an Option of the Scheme, then the Fund/AMC reserves the right to Redeem the full amount outstanding in the Unit holders account in that Option.

GSIEF Rs. 5,000/- and in multiples of Re. 1 thereafter

Rs. 1,000/- and in multiples of Re. 1

Minimum amount of Rs. 1,000/- (Rupees One Thousand only) and in multiples of Re. 1/- (Rupee One) thereafter. However if post Redemption the minimum balance in the Unit holder’s account falls below Rs. 1,000/- or 100 Units whichever is less, in an Option of the Scheme, then the Fund/AMC reserves the right to Redeem the full amount outstanding in the Unit holders account in that Option.

GS CNX 500: SIP: Monthly installment of Rs.1,000/- and in multiples of Re.1/- thereafter and minimum number of installments for SIP will be 12. VIP: Nominal Investment Amount - This is the amount which the Investor will invest at the time of enrolment for VIP. The nominal amount would be used to calculate target portfolio amount and in the circumstances when market rises in straight line giving the target return, this amount would be the actual amount to be invested. The minimum nominal amount shall be Rs. 2,000/- and in multiples of Re.1/- thereafter and there is no maximum cap on this amount. Minimum Investment Amount Per Month = 0 (Zero). Maximum Monthly Debit Amount - This amount is the maximum amount which the Investor would allow the Fund to debit from their account. There is no upper limit for this amount but the amount shall be higher than the nominal amount. The rate of return to be considered for VIP is 15% per annum, based on which the monthly installments of investments to be invested by the Investor would be calculated. VIP can be availed for a maximum period of 12 years from the first VIP start date. STP: For an Option of the Scheme, the minimum amount for each transfer shall be Rs.1,000/- and in multiples of Re. 1/- thereafter Unit holder shall have a minimum balance of Rs.12,000/- in a particular Option of the Scheme at the time of enrolment of STP facility. GSIEF:

9

SIP: Monthly installment of Rs.1,000/- and in multiples of Re.1/- thereafter and minimum number of installments for SIP will be 12. STP: For an Option of the Scheme, the minimum amount for each transfer shall be Rs.1,000/- and in multiples of Re. 1/- thereafter Unit holder shall have a minimum balance of Rs.12,000/- in a particular Option of the Scheme at the time of enrolment of STP facility. SWP: For an Option of the Scheme, the minimum amount for each withdrawal shall be Rs.1,000/- and in multiples of Re. 1/- thereafter. There is no upper limit for individual installments/aggregate investments made under SWP. Unit holder shall have a minimum balance of Rs.12,000/- in a particular Option of the Scheme at the time of enrolment of SWP facility

Dispatch of Repurchase (Redemption) Request

Within 10 Working Days of the receipt of Redemption request at any Official Point of Acceptance of Goldman Sachs Mutual Fund.

Benchmark Index

GSIEF: CNX 500 Index GS CNX 500: CNX 500 Index

Dividend Policy

The Trustee may declare Dividend to the Unit holders under the Schemes subject to the availability of distributable surplus and the actual distribution of Dividends and the frequency of distribution will be entirely at the discretion of the Trustee. Such Dividend will be payable to the Unit holders whose names appear on the register of Unit holders on the record date as fixed for the Schemes. The Dividend declared will be paid net of tax deducted at source, wherever applicable, to the Unit holders within 30 days from the declaration of the Dividend. There is no assurance or guarantee to the Unit holders as to the rate of Dividend distribution nor that will the Dividend be paid regularly. If the Fund declares Dividend, the NAV of the Schemes will stand reduced by the amount of Dividend and Dividend distribution tax (if applicable) paid. Please refer to the SID or SAI of the Schemes for additional details.

Name of the Fund Manager

GSIEF: Mr. Hiren Dasani and Mr. Aman Batra (for managing investments in foreign securities) GS CNX 500: Ms. Gauri Sekaria

Name of theTrustee Company

Goldman Sachs Trustee Company (India) Private Limited

Performance of the Schemes

GSIEF (a) Absolute Returns

10

(b) Compounded Annualised Returns (%) as on May 30, 2014

Period GSIEF – Distributor Plan -

Growth CNX 500 Index

Returns for the last 1 year 31.18 24.03

Returns since inception 24.09 16.74

Returns since inception are calculated from the date of allotment i.e. November 07, 2012. As the Scheme has not completed 3 years, the returns of the Scheme for 3 years & 5 years are not provided. Distribution taxes are excluded while calculating the returns. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

GS CNX 500 (a) Absolute Returns

0.30%

24.06%

-2.65%

17.00%

-5%

0%

5%

10%

15%

20%

25%

30%

2012-13 2013-14

Ret

urn

s

Financial Year

Returns for last 2 Financial Year

GSIEF - Distributor Plan - Growth CNX 500 Index

Returns for FY 2012-13 are from Date of Allotment i.e. 07-Nov-2012 to 28-Mar-2013

11

(b) Compounded Annualised Returns (%) as on May 30, 2014

Period GS CNX 500 –

Distributor Plan - Growth

CNX 500 Index CNX 500 Total Returns Index

Returns for the last 1 year 23.44 24.03 25.37 Returns for the last 3 years 8.71 8.90 10.18 Returns for the last 5 years 9.32 10.13 11.39 Returns since inception 17.97 17.49 18.81

Returns since inception are calculated from the date of allotment i.e. January 6, 2009. Distribution taxes are excluded while calculating the returns. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

Expenses of the Schemes (i) Load Structure

(1) For GSIEF:

Entry Load (for Subscription): Nil

Exit Load (for Redemption): As provided below.

EXIT LOADS

(as % of Applicable NAV)

-20%

0%

20%

40%

60%

80%

100%

2009-10 2010-11 2011-12 2012-13 2013-14

Ret

urn

s

Financial Year

Returns for last 5 Financial Years

GS CNX 500 Fund - Distributor Plan - Growth

CNX 500 Index

CNX 500 TR Index

12

For Redemptions (including as part of Systematic Transfer Plan / Systematic Withdrawal Plan /Switch-outs and Redemptions from Systematic Investment Plans)

1% if the Units are Redeemed / Switched-out within 1 year of allotment of Units

No Exit Load will be charged if the Units are Redeemed after 1 year of allotment.

In case an Investor has Purchased Units on more than 1 Working Day, the Units Purchased prior in time (i.e. those Units which have been held for the longest period of time), will be Redeemed first i.e. on a FIFO basis, and the Exit Load applicable to each of the Units would correspond to the period of time the Units were held by the Unit holder.

No Exit Load is chargeable in case of Switch-in and Switch-out made between different Options and sub-options of the Scheme.

(2) GS CNX 500:

Entry Load – Nil Exit Load : If the Units are Redeemed within 1 year from date of allotment – 1.50%

If the Units are Redeemed after 1 year from the date of allotment – Nil

The aforesaid Load shall also be applicable for Systematic Investment Plan (SIP), Value Averaging Investment Plan (VIP) and Value Averaging Transfer Plan (VTP). The Mutual Fund may charge Load within the stipulated limit of 7% and without any discrimination in favor of any specific group of Unit holders. The AMC will ensure that the Redemption Price will not be lower than 93% of the NAV and difference between the Redemption Price and Purchase Price will not exceed 7% calculated on the Purchase Price. Service tax on Exit Load, if any, shall be paid out of the Exit Load proceeds and Exit Load net of service tax, if any, shall be credited to the Schemes.

(ii) Recurring expenses

These are the expected fees and expenses for operating the Schemes. These expenses include investment management and advisory fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given below. Annual scheme recurring expenses are fees and expenses for operating the Schemes. Illustrated in the table below are examples of recurring expenses chargeable to the Schemes. These are aimed to assist the Investor in understanding composition of various costs and expenses that an Investor of the Schemes will bear directly or indirectly and are permitted under Regulation 52 of the SEBI Regulations. The Scheme Recurring Expenses shall be within the limits stated in Regulation 52(6) of the SEBI Regulations. The AMC has estimated the fees and expenses for the Schemes, on an annual basis, expressed as a percentage of daily net assets as follows:

Expense Description % of daily Net Assets GS CNX 500 GSIEF

13

Distributor Plan Distributor Plan Investment management and advisory fees upto 1.50% Upto 2.50% on the

first Rs. 100 cores Upto 2.25% on the next 300 cores Upto 2.00% on the next 300 cores Upto 1.75% on the balance of the assets

Trustee fees

Audit fees

Custodian fees

RTA fees

Marketing & Selling expense incl. agent commission

Cost related to investor communications

Cost of fund transfer from location to location

Cost of providing account statements and dividend redemption cheques and warrants Costs of statutory Advertisements

Cost towards investor education & awareness (at least 2 bps)

Brokerage & transaction cost over and above 12 bps and 5 bps for cash and derivative market trades respectively Service tax on expenses other than investment and advisory fees *Service tax on brokerage and transaction cost paid for execution of trades **Other Expenses

Maximum total expense ratio (TER) permissible under Regulation 52 (6) (c) (i) and (6) (a)

upto 1.50% Upto 2.50% on the first Rs. 100 cores Upto 2.25% on the next 300 cores Upto 2.00% on the next 300 cores Upto 1.75% on the balance of the assets

Additional expenses under regulation 52 (6A) (c) upto 0.20% upto 0.20%

Additional expenses for gross new inflows from specified cities under Regulation 56 (6A) (b)

upto 0.30% upto 0.30%

*To the extent incurred on the brokerage and transaction cost over and above 12 bps and 5 bps for cash and derivative market trades respectively. ** As permitted under Regulation 52 of the SEBI Regulations. Investors should note that the actual recurring expenses of the Schemes will be variable in nature and will be subject to changes over time, but within the limits prescribed above. For details on the latest actual current expenses charged to the Scheme, the Investor should refer to the website of the Mutual Fund on www.gsam.in. It is possible that the AMC may charge the maximum Recurring Expenses provided above as investment management and advisory fees. In such case the other recurring expenses will not be charged to the Scheme except for 0.02% on daily net assets for investor education and awareness initiatives. Service tax on investment management and advisory fees, to the Schemes will be, in addition to the maximum annual recurring expenses that can be charged to the Schemes. Direct Plan shall have a lower expense ratio to the extent of distribution expenses, commission, etc. and no commission for distribution of Units will be paid / charged under the Direct Plan. The expenses under the Direct Plan shall exclude distribution and commission expenses. The total expense ratio of Direct Plan will be lower by at least 5% of the total expense ratio charged to the Distributor Plan of the schemes. As permitted under Regulation 52 (6A) of SEBI Regulations, the following costs or expenses may be charged to

14

the schemes, namely- 1. brokerage and transaction costs which are incurred for the purpose of execution of trade and is included

in the cost of investment, not exceeding 0.12% in case of cash market transactions and 0.05% in case of derivatives transactions.

2. expenses not exceeding of 0.30% of daily net assets, if the new inflows from beyond top 15 cities are at least - (i) 30 % of gross new inflows in the schemes, or; (ii) 15 % of the average assets under management (year to date) of the schemes, whichever is higher: Provided that if inflows from such cities is less than the higher of sub-clause (i) or (ii), such expenses on daily net assets of the schemes shall be charged on proportionate basis; Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities; Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the schemes in case the said inflows are redeemed within a period of one year from the date of investment;

3. Additional expenses, incurred towards different heads mentioned under sub-regulations (2) and (4) of Regulation 52 of SEBI Mutual Fund Regulation 2012, not exceeding 0.20 % of daily net assets of the schemes.

Subject to the SEBI Regulations and the Scheme Information Document, expenses over and above the prescribed ceiling will be borne by the AMC, Trustees or the Sponsor. Actual Expenses for the previous financial year (2013-2014) (as % of daily net assets) (Annualised)

GS CNX 500 – Direct Plan 1.28% GS CNX 500 – Distributor Plan 1.80% GSIEF – Direct Plan 2.35% GSIEF – Distributor Plan 2.69%

Waiver of Load

As per the Regulations, no Entry Load shall be charged by the AMC.

Tax Treatment for the Unit holders

Investors are advised to refer to the details in the Statement of Additional Information (SAI) and also independently refer to their own tax advisor.

Daily Net Asset Value (NAV) Publication

The NAV will be declared on all Business Days. The NAV of the Schemes shall be published at least in two daily newspapers on every Business Day. The AMC shall update the NAVs on the website of the Mutual Fund (www.gsam.in) and on the website of AMFl (www.amfiindia.com) by 9:00 p.m. on every Business Day.

For Investor Grievances please contact

Karvy Computershare Pvt. Ltd. Karvy Plaza H. No. 8-2-596, Avenue 4 Street No. 1, Banjara Hills Hyderabad - 500 034 Tel: 040-2331 2454 (Extn: 7104) Fax: 040-2342 0886 E-mail: [email protected]

Rajdeep Basu Goldman Sachs Asset Management (India) Pvt. Ltd. (Investment Manager of Goldman Sachs Mutual Fund) Address : Ground Floor, Prince Ville

Embassy Golf Link Business Park, Off Intermediate Ring Road, Domlur, Bengaluru – 560071

15

Telephone : +91-80-6772 4507 Fax :+91-80-6772 4570 E-mail :[email protected] Toll free no. : 1800-266-1220

Unit holders’ Information

Account Statement Confirmation of allotment of Units

Upon allotment, an account statement/allotment advice/transaction advice will be sent to the Unit holder by ordinary post / courier / e-mail / SMS (on the Unit holders’ registered email address and/or mobile number), confirming the number of Units allotted, not later than five working days of receipt of valid Application Form / Transaction Form. In case the Investor provides an email address in the Application Form, the account statement / allotment advice /transaction advice will be provided only through email, if such option is selected in the Application Form.

Thereafter, for Unit holders opting to hold Units in physical mode and in whose folio(s) transaction**(s) has / have taken place during a particular calendar month, the AMC will co-ordinate to send to such Unit holder(s) by mail / email, on or before 10th of the succeeding month, a consolidated account statement (CAS) for such calendar month, detailing:

a. all the transactions** carried out by the Unit holders across all schemes of all mutual funds during the month, and b. holding at the end of the month including transaction charges if any, paid to the Distributor. **The word ‘transaction’ shall include Purchase, Redemption, Switch, Dividend payout, Dividend Reinvestment, SIP, STP, SWP, VIP, VTP and bonus transactions.

For the purpose of sending CAS, common Investors across all the mutual funds shall be identified, on the basis of their PAN (verified through the KYC process).

In case a specific request for an account statement is received from the Unit holders, the Fund will provide the same within five Business Days from the receipt of such request.

In the case of joint holding in a folio, the first named Unit holder shall receive the CAS/account statement. The holding pattern has to be same in all folios across mutual funds for CAS. Further, in case a transaction has not taken place in a folio during the period of six months ended September 30 and March 31, the CAS detailing the holdings across all schemes of all mutual funds, shall be emailed at the registered email address of the Unit holders on half yearly basis, on or before tenth day of succeeding month, unless a specific request is made to receive the same in physical form.

In case the Investor provides an email address in the Application Form, the account statement will be provided only through email. Such email address will be considered as the registered email address of the Investor for all purposes by the AMC/ Mutual Fund.

For investors holding Units of any of the Schemes of the Mutual Fund in demat mode the Depository Participant with whom the Unit holder has a Depository account will send a holding statement in accordance with the byelaws of the Depository. For Unit holders holding Units of the Scheme(s) in demat form, the holding statement issued by the Depositary Participant would be deemed to be adequate compliance with requirements of SEBI regarding provision of account statements.

Annual Financial Report For Unit holders whose e-mail address are available with the Mutual Fund, Scheme wise annual report or an abridged summary thereof shall be provided to such Unit holders only by e-mail within four months from the date of closure of the relevant accounting year i.e. 31st March each year. In case of any request from Unit holders

16

for physical copies of annual report/abridged summary, notwithstanding their registration of email addresses, the AMC shall provide the same. For Unit holders whose e-mail addresses are not available with the Mutual Fund or who have opted to receive annual report / abridged summary as physical copies, the AMC will continue to send physical copies of such reports thereof within the aforesaid time frame. Unit holders are requested to provide their e-mail address for registration in the database of the Mutual Fund. Further, the full text of the annual report will be available for inspection at the office of the Mutual Fund and a copy shall be made available on specific request on payment of nominal fees, if any. Also the scheme wise annual report will be displayed on the Mutual Fund’s website www.gsam.in and a link will be provided on www.amfiindia.com. Monthly Disclosures – Portfolio Goldman Sachs Mutual Fund and Goldman Sachs Asset Management (India) Private Limited shall publish a complete statement of the portfolio (along with the ISIN) of the Schemes as on last day of the month on or before the 10th of the succeeding month on the website of the Mutual Fund www.gsam.in Half yearly Disclosures - Portfolio Goldman Sachs Mutual Fund and Goldman Sachs Asset Management (India) Private Limited shall publish a complete statement of the portfolio of the Schemes within one month from the close of each half year (i.e. 31st March and 30th September), by way of an advertisement at least, in one national English daily newspaper and one regional newspaper in the language of the region where the head office of the Mutual Fund is located. The portfolio statement will also be placed on the website of the Mutual Fund www.gsam.in and link will be provided on www.amfiindia.com. Half yearly Results Goldman Sachs Mutual Fund and Goldman Sachs Asset Management (India) Private Limited shall before the expiry of one month from the close of each half year (i.e. 31st March and 30th September), host a soft copy of its unaudited financial results on the website of the Mutual Fund www.gsam.in, a link will be provided on www.amfiindia.com and shall publish an advertisement disclosing the hosting of such financial results on the Mutual Fund website in at least one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the head office of the Mutual Fund is situated.

No. of folios & Assets under Management as on May 31, 2014

GSIEF: AUM:Rs. 100.06 crores No. of Investors: 938 GS CNX 500: AUM:Rs. 61.66 crores No. of Investors: 2,712

Date: June 27, 2014

17

List of Investor Service Centres Ahmedabad: Karvy Computershare Private Limited, 201, Shail Building, Opp: Madhusudhan House, Nr. Navrangpura Telephone Exchange, Navrangpura; Ahmedabad - 380006 Contact Person: Ms. Leela Joppen, Vijay Pandya; Email: [email protected]; Ph:, 079-26402967, 079-65445550 Allahabad: Karvy Computershare Private Limited, RSA Towers, 2nd Floor, Above Sony TV Showroom, 57, S P Marg, Civil Lines, Allahabad - 211001; Contact Person: Mr. Anuj Kumar Mishra; Email: [email protected]; Ph: 9369918605 Bangalore: Karvy Computershare Private Limited,59, Skanda, Puttanna Road, Basavanagudi, Bangalore - 560 004, Email: [email protected]; Ph: 080-. 26600785/ 26602852/ 26609625 Baroda: Karvy Computershare Private Limited, SB-5, Mangaldeep Complex, Opposite Mesonic Hall, Productivity Road, Alkapuri, Vadodara - 390007. Contact Person:, Mr. Manish J Soni; Email [email protected]; Ph: 0265-6640870; 0265-6640871. Bhopal: Karvy Computershare Private Limited, Kay Kay Business Centre, 133 Zone I MP Nagar, Bhopal - 462021; Email: [email protected], Contact Person: Mr. Sachin Rathore; Ph: 0755-4092712/0755-4092715 Chandigarh: Karvy Computershare Private Limited, Sco-371-372S, First Floor, Above Hdfc Bank, Sector 35B, Chandigarh - 160 036; Contact Person: Sheespa; Email: [email protected]; Ph: 0172-5042279 Chennai: Karvy Computershare Private Limited, Flat No F11, First Floor, Akshya Plaza, (Erstwhile Harris Road), Opp Chief City Metropolitan Court, # 108, Adhithanar Salai, Egmore, Chennai - 600002; Contact Person: Ms. Sangeetha Vasudevan ; Email: [email protected]; Ph: 044-42028512/42028513; Cochin: Karvy Computershare Private Limited, Building Nos.39 Ali Arcade, 1st Floor, Near Atlantis Junction, Kizhvana Road, Panampili Nagar, Cochin-682 036, Ernakulum District Contact Person: Mr. V R Shaji; Email: [email protected],; Ph: 04843000231/0484 Dehradun: Karvy Computershare Private Limited, Kaulagarh Road, Near Sirmaur Marg, Above Reliance Webworld, Dehradun - 248 001; Email: [email protected]; Contact Person: Mr. Ashutosh Gupta; Ph: 936991860 Erode: Karvy Computershare Private Limited, No. 4, KMY Salai, Veerappan Traders Complex, Opp: Erode Bus Stand, Sathy Road, Erode - 638 003; Contact Person: @karvy.com; Ph: 0424-4021212; Hyderabad: Karvy Computershare Private Limited, 8-2-596 Karvy Plaza,

18

Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500 034; Contact Person: Mr. P Nageshwara Rao; Mr. Email: ; [email protected]; Ph: 040-44677075/ 44677076/44677077/4467734 Indore: Karvy Computershare Private Limited,2nd floor, 203-205 Balaji Corporates, Above ICICI bank, 19/1 New Palasia, NearCurewell Hospital, Janjeerwala Square, Indore- 452001; Contact Person: Mr. Prashant Patil; Email: [email protected];

Ph: 0731-4266828/ 0731-4218902; Kanpur: Karvy Computershare Private Limited, 15/46, Opp: Muir Mills, Civil Lines, Kanpur - 208001; Contact Person: Mr. Dinesh Kumar YadavEmail: [email protected]; Ph: 9369918615; 9369918616 Kolkata: Karvy Computershare Private Limited, 166A, Rashbehari Avenue, 2nd Floor, Near Adi Dhakeshwari Bastralaya, Opp: Fortis Hospital, Kolkata - 700 029; Contact Person: Ms. Shushmitha Mukherjee; Email: [email protected]: Ph: 033-24659263, 033-24659267. Kolkata: Karvy Computer Share Pvt. Ltd., 1, R N Mukherjee Road, 2nd Floor, Dalhousie, Kolkata - 700 001; Ph: 9903806583, 9830237535. Ludhiana: Karvy Computershare Private Limited, SCO - 136 , First Floor, Above Airtel Show Room, Feroze Gandhi Market, Ludhiana - 141001; Contact Person: Mr. Narinder Singh; Email: [email protected]; Ph: 0161-4648747 Mangalore: Karvy Computershare Private Limited, Mahendra Arcade,Opp CourtRoad, Karangal Padi Mangalore - 575 003; Email: [email protected]; Contact Person: Mr. Santhosh B; Ph: 0824-2496289; Mumbai: Karvy Computershare Private Limited, Office no. 24/B, Raja Bahadur Compound, Ambalal Doshi Marg, Behind Bombay Stock Exchange, Fort, Mumbai - 400 001; Contact Person: Mr. Sandeep Bhogle; Email: [email protected]; ; Ph: 022-66235353, 022-66235333. Mumbai: Karvy Computer Share Pvt. Ltd., Ground Floor, Himanshu Bldg., Sodawala Lane, Lina Chandawarkar Road, Borivali West - 400091; Contact Person: Mr. Rajesh Vaidya, Ph: 022- 28904855 Mumbai: Karvy Computer Share Pvt. Ltd., 101, Yashwant Building, Ram Ganesh, Godkari path, Ram Maruti road, Naupada, Thane West - 400602; Contact Person: Mr. Sudin Uttarkar, Ph: 022- 25428476 Nagpur: Karvy Computershare Private Limited, Plot No. 2/1, House No. 102/1, Mangaldeep Apartment, Mata Mandir Road, Opp. Khandelwal Jewellers, Dharampeth, Nagpur-440010; Contact Person: Mr. O P Kumawat, Email: [email protected] Ph: 0712-2533040

19

New Delhi: Karvy Computershare Private Limited, 305, 3rd Floor, New Delhi House, Bara Khamba Road, Connaught Place, New Delhi - 110 001; Contact Person: Mr.. Michael George; Email: [email protected];; Ph: 011-43681700. Patna: Karvy Computershare Private Limited, 3A, 3rd floor, Anand tower, Opp ICICI Bank, Exhibition Road; Contact Person: Mr. Diwakar; Email: [email protected]; Ph: 0612-6453098 Pune: Karvy Computershare Private Limited, Srinath Plaza, Shop No. 16, , Ground Floor, Dyaneshwar Paduka Chowk, , F C Road, Pune - 411004; Contact Person: Mr. Ashok Khopkar; Email: [email protected]; Ph: 020-25533795/020-25539957,020-25533742 Rajkot: Karvy Computershare Private Limited, 104, Siddhi Vinayak Complex, Dr Yagnik Road, Opp Ramkrishna Ashram, Rajkot - 360 001; Email: [email protected]; Contact Person: Ms. Riddhi Majithia; Ph: 0821-6545888 Surat: Karvy Computershare Private Limited, G-5 Empire State Building, Near Udhna Darwaja, Ring Road, Surat - 395 002, Contact Person: Mr. Abhishek, Phone No: 0261-3042170, Email Id: [email protected] Visakhapatnam: Karvy Computershare Private Limited, 47-14-5/1 Eswar Paradise, Dwaraka Nagar, Main Road, Visakhapatnam : 530 016; Email: [email protected]; Contact Person: Mr. Sappa Seetharam; Ph: 0891-271412

GOLDMAN SACHS MUTUAL FUND

APPLICATION FORM FOR OPEN ENDED EQUITY SCHEMES

Application No.

Upfront commission shall be paid directly by the Investor to the Distributor / broker based on the Investors' assessment of various factors including the service rendered by the Distributor / broker

Please read the Key Information Memorandum and the instructions in this Application Form. All sections to be filled legibly in English and in BLOCK LETTERS.

2. FOLIO NO. FOR EXISTING INVESTOR (Refer instruction 3 (a))

*If not routed through a broker/Distributor, will be captured as DIRECT.

0381-1212_Appl form Open Ended Equity Schemes

Folio No. for existing Investor (The details in our records under the folio no. mentioned along side will apply for this application of investment)

Name of First / Sole Applicant / Non-Individual Investor If you have an existing folio, please fill in section 2, and provide attested PAN copy and KYC Acknowledgement Letter# of all Applicants / POA holders / Guardians, as applicable, if not submitted earlier, and proceed to section 8)

ACKNOWLEDGMENT SLIP (To be filled in by the Investor)

Date D D M M Y Y Y YReceived from Mr./Ms./M/s./Mrs. an application for Subscription of

Units of Goldman Sachs Fund

Growth Option Dividend Option with Payout Reinvestment facility along with Cheque / DD No.

Cheque / DD Date D D M M Y Y Y Y Amount ( `) Drawn on

Bank Branch

Acknowledgement Stamp

Application No.

1. TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY (Refer instruction 2 and please � any one )

Applicable for transaction routed through an empanelled Distributor who has ‘opted in’ to receive transaction charges

I confirm that I am a first time Investor across mutual funds.

(` 150 deductible as transaction charge and payable to the Distributor)

I confirm that I am an existing Investor in mutual funds.

(` 100 deductible as transaction charge and payable to the Distributor)

“I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relatonship manager/salesperson of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker”.

Declaration for “execution-only” transaction (mandatory if EUIN box is left blank) (Refer Instruction 1)

3. APPLICANT’S INFORMATION (Refer instruction no. 3(b))Name of First / Sole Applicant / Non-Individual Investor (In case of minor, there shall not be any joint holders)

Date of Birth proof (for minor) attached (Please�) (Refer instruction no. 3(b)(iii))

Name of Guardian (in case first / sole applicant is a minor)/ Name of Corporate Contact (in case of non-individual Investors)Mr./Mrs./Ms. Relationship with Minor (Please �): Father Mother Court appointed Legal Guardian (Please attach proof.)

Nationality Designation (For corporate contact)

D D M M Y Y Y Y

Mr./Mrs./Ms./M/s. Date of Birth PAN* OR PEKRN* KYC compliant (Please �)

Nationality

(Refer instruction no. 3(d)

Power of Attorney (PoA) Holder Details - First HolderMr./Mrs./Ms.

Nationality

PAN* KYC compliant# (Please �) OR PEKRN* (Refer instruction no. 3(d)

D D M M Y Y Y Y

Mr./Mrs./Ms./M/s. Date of Birth PAN*

Nationality

OR PEKRN* KYC compliant (Please �)

Name of the Second Applicant


Power of Attorney (PoA) Holder Details - Second HolderMr./Mrs./Ms. PAN* KYC compliant (Please �) OR PEKRN* (Refer instruction no. 3(d)

Gross Annual Income per annum (Please �) : Below 1 Lac Rs.1 - 5 Lac Rs.5 - 10 Lac Rs.10 - 25 Lac > 25 Lac Net worth as on date Rs.

Place of Birth Country of Tax Residence Tax ID Number^

(Net worth should not be older than 1 year)










PAN* KYC compliant# (Please �) OR PEKRN* (Refer instruction no. 3(d)

welcome

Typewritten text

INDIA INFOLINE LIMITED

welcome

Typewritten text

47791

4. MODE OF OPERATION (Please �) (Refer instruction no. 4)

Joint Single Anyone or Survivor (Default : Anyone or Survivor)

5. STATUS (of First / Sole Applicant) (Please �) (Refer instruction no. 4)

Individual (Indian Resident) Non-Resident Indian /Person of Indian Origin Minor Private Company Public Company Schemes of Mutual FundRegistered Financial Institution / Commercial Bank Foreign Institutional investor (FII) Partnership Firm Trust Society / Charity AOP BOI QFIHindu Undivided Family Investment through Power of Attorney Other (Please Specify) ___________________________

6. OCCUPATION (of First / Sole Applicant) (Please �) (Refer instruction no. 4)

Professional Business Housewife Retired Student Public Sector/ Government Service Private Sector Service Agriculturist

Forex Dealer Proprietorship Others (please specify) Is any person associated with this account a current/former head of state, senior official in any government, senior executive of state-owned enterprise or senior politician in/outside of India; or an immediate family member or close advisor of such an individual; or is this account held by an organization controlled by such an individual? (Please�) Yes No

8. INVESTMENT DETAILS (Refer instruction no. 6)Scheme: (Please mention the scheme name you are investing in)

Plan: Direct Plan Distributor Plan Option: Growth Dividend Dividend Option: Payout Reinvestment Default Option: Growth Default Dividend Option: Dividend Reinvestment

CONTACT

E-Mail : [email protected]

Phone : 1800 266 1220

Website : www.gsam.in

7. BANK ACCOUNT DETAILS (Refer instruction no. 5)

(Investors opting to invest in demat form to ensure that bank account details linked with demat account are mentioned)

Name of the Bank Branch

Bank City Pincode State

Account No. 11 Digit IFSC Code (Mandatory for credit via NEFT/RTGS)

9 Digit MICR Code Account Type (Please �) Savings Current NRE NRO FCNR Others (please specify)

Address Of First / Sole Applicant / Non-Individual Investor (Only P. O. Box Address is not sufficient)

City State Pincode

Overseas Address (Mandatory for NRIs /FIIs) (Principal place of business/operations required if different from mailing/correspondence address)

Contact details of First / Sole Applicant / Non-Individual investor (Please mention the STD/ISD Codes)Office Tel.: Residence Tel.: Fax Mobile:

E-Mail: I/We wish to receive the account statement/scheme wise annual report or an abridged summary thereof/statutory and other documents by physical mode in lieu of e- mail (Please�) (Applicable if E-mail address is men tioned above) (Refer instruction 7). *Please attach proof. PAN is not mandatory for certain Investors(Refer instruction no. 1 (b) (v)). ^ Please attach proof for TAX ID Numnber. # Please submit the duly filled KYC Application Form and supporting documents for all Applicants / POA holders / Guardians (as applicable) who are not KYC compliant.

Name of the Third ApplicantMr./Mrs./Ms./M/s. Date of Birth PAN*

Power of Attorney (PoA) Holder Details - Third HolderMr./Mrs./Ms. PAN*

D D M M Y Y Y Y OR PEKRN* KYC compliant (Please �)

KYC compliant (Please �) OR PEKRN*

Nationality (Refer instruction no. 3(d)








10. DEMAT ACCOUNT DETAILS - Please fill below details if you wish to hold the Units in dematerialised form. (Refer instruction no. 8)

CENTRAL DEPOSITORY SERVICES (INDIA) LTD. (CDSL)

Depository Participant Name

Beneficiary A/c No.

NATIONAL SECURITIES DEPOSITORY LTD. (NSDL)Depository Participant Name

DP-ID

Beneficiary A/c No.

11. NOMINATION - If demat details are filled in, nomination will be as per Depository Participant records. (Refer instruction no. 9)

Nominee 1

Address

Nominee 2

Address

Nominee 3

Address

DECLARATION: I/We hereby nominate the above mentioned nominee(s) to receive the Units alloted to my/our credit in my/our folio in the event of my/our death. I/We also understand that all the payments and settlements made to such nominee(s) shall be a valid discharge by the AMC/Mutual Fund/Trustees.I/We have read the rules and instructions on nomination specified herein and I/we hereby confirm to comply and adhere to such rules and any amendments that may be made in the Scheme Information Document and Statement of Additional Information time to time.

Nominee Name of Guardian (in case Nominee

is a Minor)

Relationship with Guardian

Allocation (%) by which the Units will be shared by

each Nominee should aggregate to 100%

Signature of Nominee / Guardian

Intention to Not Nominate (Mandatory for new folios of Individuals where mode of holding is single and who do not wish to nominate)No, I do not wish to register nominee(s) in the above folio Yes, please see my nomination details below

Date of Birth

12. CONFIRMATION AND SIGNATURE/S (Refer instruction no. 11 and 12)Please note that by signing this Application Form, the Investors also give the Important Declarations set out in the instructions section of the Application Form. I/We hereby apply for the allotment / Purchase of Units of the Scheme, as indicated in this form and confirm that I/we have read, understood and are bound by the terms and conditions of this Application Form, including the Important Declarations in the instructions to the Application Form, the contents of the Key Information Memorandum, the Scheme Information Document and the Statement of Additional Information, and am/are fully capable of assessing and bearing the risks involved in purchasing the Units, and agree to abide by the terms, conditions, rules and regulations of the Scheme. I /We hereby authorise Goldman Sachs Mutual Fund, its Investment Manager and its agents to disclose personal data / details of my investment to anyone as may be necessary or expedient for the purposes of administration of investments in the Units of the Scheme. By signing this Application Form, I / we confirm that I / we have read the Goldman Sachs India Privacy Policy which is available at www.gsam.in and agree to the collection and use of my / our personal information as provided in such policy, as it may be updated from time to time.Applicable to NRIs only.I / We confirm that I am / We are Non-Resident of Indian Nationality/ Origin and I / We hereby confirm that funds for Subscription have been remitted from abroad through normal banking channels or from funds in my/ our Non-Resident External/ Ordinary Account/ FCNR Account.(Please �) Yes No If yes, Repatriation basis Non-repatriation basis

SIGNATURES

First/SoleApplicant/Guardian/POA Holder �

SecondApplicant/POA Holder �

ThirdApplicant/POA Holder �

9. PAYMENT DETAILS (Refer instruction no. 6) Non-Third Party Payment Third Party Payment (Refer instruction no. 6 (k), (l))

Investment through Lump sum SIP/VIP (Please �) (Please also fill in the SIP/VIP Auto Debit (ECS) Form for Investment through SIP/VIP)

Cheque/Demand Draft Details: Instrument No Instrument Date Amount (`) Bank Name Branch Name

Account Type (Please �) Savings Current NRE NRO FCNR Others (please specify)

Cheque/Demand Draft should favour as per the scheme name mentioned in the KIM and SID. For SIP/VIP, first installment should be vide cheque/demand draft.

SIP (Systematic Investment Plan)/VIP (Value Averaging Investment Plan)

D D M M Y Y Y Y

Is this a Micro SIP/VIP# Yes No SIP/VIP Date From SIP/VIP Date To(First SIP/VIP ECS debit will be at least 30 days after the date of allotment)

*Each SIP amount `/*VIP Nominal amount ` Maximum VIP ECS Debit amount `

Preferred monthly investment date 1st 15th (Default SIP/VIP Date:15th)For SIP: *Minimum installment should be `1000/- and in multiples of ` 1/- thereafter. All ECS debits should be same as first instrument amount. Minimum number of installments including first instrument should be 12. For VIP: First VIP Installment should be for the nominal amount which should be minimum `2000/- and in multiple of `1/- thereafter. VIP is only applicable for GS CNX 500. # Investors who wish to opt for Micro SIP/VIP should provide the duly filled KYC Application Form and required documents along with the Application Form, if attested PAN copy and KYC Acknowledgment Letter is not provided.

M M Y Y Y YM M Y Y Y Y

CONTACT

E-Mail : [email protected]

Phone : 1800 266 1220

Website : www.gsam.in

Product Labels

Name of Scheme This product is suitable for investors who are seeking*:

Goldman Sachs India Equity Fund (GSIEF)

• long-term capital appreciation. • investment in equity and equity-related securities, debt securities and money

market instruments. • high risk. (BROWN)

Goldman Sachs CNX 500 Fund (GS CNX 500)

• long-term capital appreciation. • investment in securities covered by CNX 500 Index. • high risk. (BROWN)

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk may be represented as: (BLUE) investors understand

that their principal will be at low risk

(YELLOW) investors understand that their principal will be at medium risk

(BROWN) investors understand that their principal will be at high risk

1. GENERAL INSTRUCTIONS (a) Please read the Scheme Information Document (“SID”), the

Statement of Additional Information (“SAI”), Key Information Memorandum (“KIM”) (collectively the “Offering Documents”) and these Instructions (including the Important Declarations in these Instructions) carefully before fi lling the Application Form.

(b) All Investors are deemed to have read and accepted the terms in the Offering Documents and the Application Form including these Instructions subject to which this offer is being made and bind themselves to the terms thereof upon signing the Application Form and tendering the payment.

(c) All applications will be accepted subject to detailed scrutiny and verifi cation. Please ensure that the requisite details and documents have been provided, in order to avoid processing delays and /or rejection of your Application Form. Invalid, incomplete, incorrect or ambiguous applications are liable to be rejected after acceptance and verifi cation. Subject to the SEBI Regulations and applicable Laws, the Application Form may be accepted or rejected at the sole and absolute discretion of the Trustees / AMC. Please refer to the Offering Documents for further details on rejection of applications.

(d) No request for withdrawal of applications will be allowed after submission of this Application Form.

(e) All Application Forms should be submitted at the Offi cial Points of Acceptance, details of which are provided along with the SID and KIM and on our website www.gsam.in. Please ensure that the requisite details and documents have been provided, in order to avoid processing delays and / or rejection of your Application Form.

(f) Investors must use separate Application Forms for investing simultaneously in more than one Option of the Scheme subject to the minimum application amount for such Option.

(g) Please do not overwrite. For any correction / changes, if any, made on the Application Form, the applicants are requested to authenticate the same by cancelling and re-writing the correct details and counter signing the same, failing which the AMC / Mutual Fund / Trustees may at its sole discretion reject such application / transaction request.

(h) Investors should ensure to write the word ‘DIRECT’ in the column for ‘Broker/Distributor Name’ in the Application Form in cases where such applications are not routed through any Distributor / broker. If the column for ‘Broker/Distributor Name’ is left blank in the Application Form, then the application would be considered as a ‘DIRECT’ application. Any subsequent change / update / removal of Distributor / broker name, ARN or sub-broker name and code will be based on the written request from the Unit holder and will only be on a prospective basis from the date when the Registrar accepts such written instruction.

(i) Investor should note that it is mandatory to provide the Employee Unique Identifi cation Number (“EUIN”) along with the ARN of the Distributor if the Application Form is routed through a Distributor, as this would assist in tackling the problem of mis-selling even if the relevant employee /relationship manager / sales person leave the employment of the Distributor. If the EUIN is not provided in the Application Form, the Investor(s) must sign the declaration provided in the section where EUIN details are required to be provided.

(j) Investors should ensure to write the word ‘DIRECT’ in the column for ‘Broker/Distributor Name’ in the Application Form in cases where such applications are not routed through any Distributor / broker. If the column for ‘Broker/Distributor Name’ is left blank in the Application Form, then the application would be considered as a ‘DIRECT’ application. Any subsequent change / update / removal of Distributor / broker name, ARN or sub-broker name and code will be based on the written request from the Unit holder and will only be on a prospective basis from the date when the Registrar accepts such written instruction.

(k) All Distributors (except overseas Distributors), agents or persons employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products are required to have a valid certifi cate from the Association of Mutual Funds of India (“AMFI”) / the National Institute of Securities Markets (“NISM”) by passing the certifi cation examination. All overseas Distributors are required to be in compliance with the extant laws, rules and regulations of jurisdictions where they carry out their operations in the capacity of distributors. Further, no agents / Distributors (except overseas

INSTRUCTIONS FOR THE APPLICATION FORMDistributors) will be entitled to sell units of mutual funds unless the intermediary is registered with AMFI. Investors should ensure that all agents / Distributors (except overseas Distributors) are registered with AMFI. Investors are also requested to ensure that the Distributors (except overseas Distributors) / agents they approach possess valid certifi cation / registration in the manner specifi ed herein.

(l) No separate receipt will be issued for the application money. The Offi cial Points of Acceptance will stamp and return the acknowledgement slip in the Application Form, to acknowledge receipt of the application, subject to fi nal verifi cation and scrutiny. Investors are requested to retain the acknowledgment slip until receipt of confi rmation of allotment of Units.

(m) All allotments will be provisional, subject to realisation of payment and furnishing mandatory information / documents, failing which the Trustees / AMC reserve the right to reject the application or if Units have been allotted, freeze the folio and refund or Redeem the Units at Applicable NAV (at applicable Exit Load, if any) and in such a case the Trustees / AMC will not be responsible for any consequence therefrom. In case of Qualifi ed Foreign Investors (“QFIs”) Units shall be allotted based on the NAV of the day on which funds are realized in the Scheme’s account, subject to receipt of duly fi lled Application Form and mandatory information / documents, as per the applicable Cut-off time mentioned in the SID. Please refer to the SID for further information in this regard.

(n) Irrespective of mode of holding, all communication and payments shall be made by the Mutual Fund only in the name of and favoring the sole / 1st applicant, including all account statements, Dividend or Redemption payments, and all other relevant correspondence.

(o) All applicants should be KYC compliant as on the date of submitting the Application Form and should attach each of their respective KYC Acknowledgment Letters and a certifi ed copy of their PAN card with the Application Form, else the application will be rejected. Please refer to paragraph 3(d) below for further details on KYC compliance.

(p) The Mutual Fund / AMC / Trustees and their directors, employees and agents shall not be liable in any manner for any claims arising whatsoever on account of freezing the folios / rejection of any application / allotment of Units or mandatory Redemption of Units due to non compliance with the provisions of the PMLA, SEBI Regulations including circular(s) and KYC policy and / or where the AMC believes that transaction is suspicious in nature within the purview of the PMLA and SEBI Regulations including circular(s) and reporting the same to the competent authorities under PMLA and rules / guidelines issued thereunder by SEBI and / or the RBI.

(q) The Application Form should be completed in ENGLISH in BLOCK LETTERS only. Please tick (√) in the appropriate box ( ) where boxes have been provided.

(r) In the event the Investor / Unit holder is a QFI, the following would also be applicable:

• QFIs are compulsorily required to hold Units in demat form. • Units of the Scheme held by QFI(s) are nontransferable and

nontradable. Further no encumbrance, i.e. pledge or lien, can be created for Units held by QFIs.

• QFIs cannot avail of any special facilities such as Switch facilities, Systematic Investment Plan (“SIP”) facility or Systematic Transfer Plan (“STP”) facility offered by the Scheme. QFIs can only Subscribe or Redeem Units of the Scheme.

• The AMC/ Mutual Fund will deduct applicable taxes at source out of the Redemption proceeds before making Redemption payments to QFIs.

2. TRANSACTION CHARGES: (a) For investments through Distributors, please tick the appropriate

box in section 1. Pursuant to SEBI Circular No. Cir/IMD/DF/13/2011 dated August 22, 2011 and SEBI Circular No. Cir/IMD/DF/21/2012 dated September 13, 2012, the Mutual Fund shall deduct transaction charges from the Subscription amount in the manner set out in the KIM and the SIDfor investments through empanelled Distributors/ agents who have “opted in” to receive such transaction charge.

The amount so deducted shall be paid to the empanelled Distributor / agent of the Investorand the balance shall be invested and Units will be allotted against the net investment.

(b) Fora new investor(across mutual funds) a transaction charge of ` 150/- shall be levied for per Purchase / Subscription of ` 10,000 and above; and for existing investors (across mutual funds), a transaction charge of ` 100/- shall be levied for per Purchase / Subscription of ` 10,000 and above. Please note that any transaction charges levied in the manner set out above are in addition to the existing system of commission payable to Distributors (if any).In case the Subscription amount falls below the minimum application amount due to deduction of transaction charge from the Subscription amount, the Application Form will not be rejected solely on account of the same, and will be processed in accordance with the provisions contained in the Offering Documents and these Instructions.

(c) In respect of systematic investments (SIP only), a TC of Rs. 100/- is payable in 4 equal installments, starting from the 2nd to the 5th installment, provided the total commitment towards SIP is for Rs.10000/- or above.

(d) Unit holder’s statement of account will refl ect subscription amount, transaction charges and net investment.

3. APPLICANT’S INFORMATION (a) Existing Unit holder information: Investors already having a folio in any of the schemes of the Mutual

Fund (other than exchange traded funds) and opting to hold the present investment in the same folio should provide their folio no. and specify their name in section 2,. In such case, if any other details are fi lled in section 3 (except for KYC details) to 7 shall be ignored. Unitholders’ name should match with the details in the existing folio number, failing which the Application Form is liable to be rejected. Please refer to Instruction no. 3(d) below for further details on KYC Compliance.

(b) Fresh Investors: (i) Investors who do not have an account in any of the schemes

of the Mutual Fund or existing Investors opting to hold the present investment in a different folio, are required to provide their details in section 3. Name and address must be written in full. (P. O. Box address alone is not suffi cient). In case an Investor opts to hold the Units in demat form, the applicant(s) name should be as mentioned in demat account with the Depository Participant. For all Investors who are KYC compliant, the address provided to CVL or any other KRA registered with SEBI will automatically be updated in our records for the 1st applicant. Please refer to Instruction no. 3(d) below for further details on KYC Compliance. Non-individual Investors are also required to provide their registered offi ce address, if the same has not been provided as address for correspondence.

In case of NRIs / FIIs, it is mandatory that the overseas address / registered offi ce address should also be provided. Name of the sole / 1st applicant should be mentioned in the same manner in which appears in the Bank Account specifi ed in section 7.

(ii) Name of the contact person with designation should be mentioned in case of investments by a company, body corporate, partnership, society, mutual fund, trust, FII, QFI and other non-individual investors. The offi cials should sign under their offi cial designation. Please refer to the ‘Investor’s Documentation and Particulars Grid’, provided below the instructions.

(iii) Minors: (a) A minor can only be the fi rst and sole holder in an

account. There cannot be any joint account holder with a minor as the fi rst or joint holder. Name of the parent or guardian must be mentioned if the investments are being made on behalf of a minor. Date of birth is mandatory for minors. Guardian in the folio on behalf of the minor should either be a natural guardian (i.e. father or mother) or a court appointed legal guardian. Information on the relationship / status of the guardian as father, mother or legal guardian must be mentioned in the Application Form. Both the minor and the guardian are required to be KYC compliant in their individual capacities and attach each of their respective KYC Acknowledgment Letters with the Application Form.

(b) The account will be frozen for operation by the guardian on the day the minor attains the age of majority and no transactions will be permitted till the documents for changing the status are received by the AMC / Mutual Fund / Trustee.

(c) Please refer to the SAI for further details on the process and documentation relating to a minor Investor attaining majority or change in guardian of a minor.

(iv) For Applications made under a POA, the original POA or a duly notarized copy of the POA shall be submitted along with the Application Form. The POA holder and the Investor are both required to be KYC compliant in their individual capacities and attach each of their respective KYC Acknowledgment Letters with the Application Form.

(v) The name of the guardian / POA holder / authorized signatory of non-individual Investors, who will sign on behalf of the minor / Investors should be fi lled in the space provided in the Application Form.

(vi) Unit holders contact details including telephone numbers, mobile numbers and email IDs should be fi lled in the space provided in the Application Form.

(c) Permanent Account Number (“PAN”): SEBI has made it mandatory for all applicants (in the case of

application in joint names, each of the applicants) to mention his/her permanent account number (PAN) and submit a certifi ed copy of the PAN card as the sole identifi cation number, irrespective of the amount. Applications received without PAN / PAN card copy will be rejected. PAN card copy is not required separately if KYC Acknowledgement Letter is made available.

In case of joint applicants, PAN details and certifi ed copies of PAN card of all holders should be submitted. If a POA holder is transacting on behalf of the Investor, then the PAN details and certifi ed copy of the PAN card of the POA holder and the Investor should be provided. However, PAN is not mandatory in the case of Investors residing in the state of Sikkim and transactions undertaken on behalf of Central Government, State Government entities and the offi cials appointed by the courts e.g. Offi cial liquidator, Court receiver etc (under the category of Government) and UN entities / multilateral agencies exempt from paying taxes / fi ling tax returns in India for their investments in the Mutual Fund. Systematic Investment Plans (“SIPs”) where aggregate of installments in a rolling 12 month period or in a fi nancial year i.e April to March does not exceed Rs. 50,000 (to be referred as “Micro SIP” hereinafter) per year per Investor are also exempted from the requirement of PAN. Such eligible investors exempt from providing PAN should attach a copy of KYC acknowledgement letter quoting PAN Exempt KYC Reference No (PEKRN) obtained from KYC Registration Agency (KRA) along with the application of investments, eligible investors must hold only one PEKRN. The Mutual Fund reserves the right to ascertain the status of such entities with adequate supporting documents. Applications not complying with the above requirement may not be accepted/processed. For further details, please refer Section ‘Permanent Account Number’ under Statement of Additional Information (SAI) available on our website www.gsam.in

(d) Know your Customer (“KYC”) Compliance : (i) KYC is mandatory under the Prevention of Money Laundering

Act, 2002 for all applications/ investments in the capital market. KYC Compliance status of all Investors in a folio (including joint holders, minors, guardians and POA holders) is required to be quoted in the Application Form. The status of KYC should refl ect as ‘Verifi ed’ / ‘Registered’ on the respective KYC Registration Agency (“KRA”) website as on the date of investment, incase the KRA website shows any other status for a given PAN, the application will be liable to be rejected and the Subscription amount will be refunded.

(ii) With effect from January 1, 2012, SEBI has introduced a common KYC Application Form for all the SEBI registered intermediaries. Fresh/ new Investors are, therefore, requested to use the common KYC Application Form and carry out the KYC process including In-Person Verifi cation (“IPV”) with any SEBI registered intermediaries, including mutual funds. Such Investors may submit the acknowledgement letter obtained from the relevant KYC Registration Agency (“KRA”) along with the Application Form to evidence KYC compliance.

All references to KYC Acknowledgement Letter in these instructions shall include a reference to acknowledgment letters obtained from the KRA. Once the investor has done KYC with any SEBI registered intermediary, the investor need not undergo the same process again with the Mutual Fund. However, the Mutual Fund reserves the right to carry out fresh KYC of the Investor.

(iii) Investors who are KYC Compliant, i.e. who have obtained a KYC Acknowledgment Letter issued by CDSL Ventures Ltd (“CVL”) are required to tick the box as KYC compliant in the Application Form and enclose a self attested copy of the KYC Acknowledgment Letter or a printout of KYC compliance status downloaded from CVL’s website (www.cvlindia.com) using their PAN, along with the Application Form to evidence fulfi llment of KYC requirements. Applications where KYC is not completed will be rejected.

(iv) PAN & KYC in respect of QFIs: QFIs are required to submit the combined PAN cum KYC Form notifi ed by the Central Board of Direct Taxes for QFIs.

QFIs are also required to provide their KYC Acknowledgement Letters.

Please refer to the ‘Investor’s Documentation and Particulars Grid’, provided below the instructions.

(e) Ultimate Benefi cial Owner (UBO): In line with SEBI Circular dated January 24, 2013 on identifi cation of Benefi cial Ownership, a ‘Benefi cial Owner’ has been defi ned as a natural person/s who ultimately own, control or infl uence a client and/or persons on whose behalf a transaction is being conducted, which includes persons who exercise ultimate effective control over a legal person or arrangement. All categories of investors (except individuals, company listed on a stock exchange or majority-owned subsidiary of such company) are requested to provide details about benefi cial ownership in the format which the AMC may prescribe from time to time. The AMC reserves the right to reject/restrict further investments or seek additional information from investors on benefi cial ownership. In the event of change in benefi cial ownership, investors are requested to immediately update the details with the AMC/Registrar.

(f) Details related to FATCA: Pursuant to U.S. withholding provisions commonly referred to as the Foreign Account Tax Compliance Act (“FATCA”), all investors/ POA holders are required to provide certain details i.e. (i) Place of Birth, (ii) Country of Tax Residence, (iii) Tax Id no. ( as applicable) in the application form. For more details related to FATCA please refer the SID and KIM.

4. STATUS, OCCUPATION & MODE OF OPERATION (a) The mode of holding for operating folio should be indicated. If an

application is made by one Unit holder only, then the mode of holding will be considered as “Single”. “Single” will entitle only the fi rst holder to operate the account to the exclusion of the joint holders. “Anyone or Survivor” will entitle any one of the joint holders to operate the account and “Joint” will allow the operation of the account only if all the holders sign the instruction. In case of application made in joint names without indicating the mode of holding, it will be deemed as “Anyone or Survivor” and processed accordingly.

(b) Investors are required to indicate the status and occupation of the sole/1st applicant in the Application Form. Any change in the status during the period of holding Units should be given to assist in correct tax treatment of income arising from such holding. In the event that the Investor has not mentioned the status of the fi rst applicant, (i.e. whether the fi rst applicant is an individual, HUF, company, etc.), it shall be deemed as “others” and the tax rates (including the tax on Dividend distribution) applicable to a resident Indian company would be applicable to such an Investor.

5. BANK ACCOUNT DETAILS (a) Investors should provide the name of the bank, branch address,

account type and account number of the sole / 1st applicant. Please note that as per SEBI guidelines, it is mandatory for Investors to mention their bank account details in the Application Form. Investors must also write the Application Form number / Folio number on the reverse of the Cheques and bank drafts accompanying the Application Form.

Applications without complete bank details shall be treated as incomplete and may be rejected.

(b) Investors opting to hold Units in demat form should ensure that the details of bank account linked to the demat account is mentioned in section 7 of the Application Form.

(c) By default, all Dividend and Redemption proceeds will be electronically credited directly into your bank account. However, if we do not have the required information to do the credit electronically, or if your bank is not a part of the distribution network, we will make the payment by cheque / demand draft. If you do not wish to receive your Dividend and Redemption payments electronically and would prefer to received the same by cheque / demand draft, please contact the ISC in this respect.

(d) To facilitate verifi cation of your bank account details please furnish the following details in the form:

(i) MICR code of your bank / branch (this is a 9 digit number appearing next to the cheque number on the cheque leaf).

(ii) IFSC code of your bank / branch (this is an 11 character alphanumeric code that you would fi nd on your cheque leaf. IFSC will help to secure credit of Redemption and Dividend proceeds via the various electronic modes of credit that are available with the banks). If your cheque leaf does not carry this, please check for the same with your local bank branch.

(iii) The Investor is required to provide a blank cancelled cheque leaf for the purpose of verifying the bank account number, in the case where the payment instrument is from a bank account other than the bank account, detailed in section 7 of the Application Form. If the bank account number on the cheque leaf is handwritten or Investor name is not printed on the face of the cheque, the bank account statement, bank certifi cate or pass book giving the name, address and the account number should be enclosed. If photocopies are submitted, Investors must produce original for verifi cation.

(e) Investors/Unit holders have to register one of the registered bank accounts as the default bank account for credit of Redemption and Dividend proceeds. Generally, the bank account details as fi lled in the Application Form will be treated as the default bank account. The Investor/Unit holder, may however, specify any other registered bank accounts for credit of Redemption proceeds at the time of requesting for the Redemption. If request for Redemption is received together with a change of bank account or before verifi cation and validation of the new bank account, the Redemption request would be processed to the currently registered default (old) bank account. Investors/Unit holders may also delete registered bank accounts. However, a default bank account may only be deleted once another registered bank account is specifi ed as a default bank account. Investors/Unit holders may also change their bank account; however, the Mutual Fund / AMC may provide a cooling off period of up to 10 calendar days for validation and registration of revised/ default bank account. Investors may avail the above facility for registration/ deletion/change of bank accounts by fi lling and signing the “Multiple Bank Account Registration Form” and sending the same along with additional documents and declarations, to the Registrar. Investors are requested to note the terms and conditions mentioned in the “Multiple Bank Account Registration Form” (available at any of our ISCs or on our website www.gsam.in). Unit holders holding Units in demat mode will be required to follow the procedure for change in bank mandate as per the instructions given by their respective Depository Participant and are not permitted to do the same by fi lling the “Multiple Bank AccountRegistration Form”.

6. INVESTMENT & PAYMENT DETAILS (a) Resident Investors may make the payment by cheque / demand

drafts payable locally at any of the Offi cial Points of Acceptance. Application Forms accompanied with outstation cheque/ post dated cheque / cash / stock invest / postal orders / money orders, or such other modes as may be decided by the AMC from time to time, will not be accepted. The AMC will not accept any request for refund of demand draft charges. All cheques and bank drafts must be crossed “Account Payee only” and drawn in favour of the name of the Scheme, as it appears on the Application Form. If the Scheme name on the Application Form and on the cheque is different, then the Application Form is liable to be rejected.

Note: Returned cheque(s) will not be presented again for collection and the accompanying Application Form shall not be considered again for allotment. In case the returned cheque(s) are presented again, the necessary charges are liable to be debited to the Investor.

(b) Payment should be made by cheque or bank draft drawn on any bank which is situated at and is a member of the Bankers Clearing House located at the place where the Application Form is submitted or as a payment instruction (such as pay order, banker’s cheque etc.) or electronic instructions or in a manner acceptable to the AMC, which is evidenced by receipt of credit in a bank account of the Scheme.

(c) In case of NRIs / PIOs, payment must be made either by cheque or demand draft by means of inward remittance through normal banking channels or out of funds held in the NRE / FCNR account, in the case of Purchases on a repatriation basis or out of funds held in the NRE / FCNR / NRO account, in the case of Purchases on a non-repatriation basis. In case of Indian Rupee drafts purchased from abroad or payments from FCNR / NRE accounts, a certifi cate from the bank issuing the draft confi rming the debit and/ or foreign inward remittance certifi cate (FIRC) issued by Investor’s banker should also be enclosed alongwith the Application Form. The Mutual Fund reserves the right to reject the application of NRI Investors in case the debit certifi cate / FIRC / requisite details are not submitted.

(d) Payment by the FII must be made either by inward remittance through normal banking channels or out of funds held in foreign currency account or non resident rupee account maintained by the FII with a designated branch of an authorised dealer in India.

(e) The minimum amount for lump sum application and additional Purchase for the Scheme is as follows:

Scheme Name Minimum Amount for Minimum Amount for Lump Sum Application Subsequent Purchases for an Option of the for an Option of the Scheme Scheme GSIEF Rs.5,000/- and in Rs.1,000/- and in multiples of Re. 1 multiples of Re. 1 thereafter thereafter GS CNX 500 Rs.10,000/- and in Rs.1,000/- and in multiples of Re. 1 multiples of Re. 1 thereafter thereafter. (f) Investors should indicate the Option (Growth/Dividend) and sub-option

(Dividend Reinvestment / Dividend Payout), if applicable, for which the application is made. If no indication is given, the default Option will be Growth and in case of Dividend Option where Payout and Re-investment sub-option is not mentioned, the default sub-option will be Dividend Re-investment sub-option. Please note that where the Unit holder has opted for Dividend Payout sub-option, if the amount of Dividend payable to the Unit holder is Rs. 250/- or less, the same will be compulsorily reinvested in the Scheme.

(g) All applications together with the cheque / demand draft / payment instruction or copy of the electronic instruction should be submitted at any of the Offi cial Points of Acceptance.

(h) For lump sum investments, tick in the box against Lumpsum and enter the relevant investment and payment details in section 9. Further, for availing SIP, kindly fi ll the Application Form, tick in the box against SIP and provide relevant details in section 9 along with the SIP Auto Debit (ECS) Form.

(i) In order to protect Investors from fraud, the Application Form number / folio number and name of the sole / 1st applicant / Unit holder must be written on the back of the cheque / demand draft before the same is handed over to any courier / Distributor / Offi cial Points of Acceptance.

(j) Bank charges for out-station demand drafts (as defi ned herein) will have to be borne by the Investor/Unit holder. An out-station demand draft has, for this purpose, been defi ned as a demand draft issued by a bank in a place where there is no collection centre provided for the Investor.

(k) The AMC/ Mutual Fund shall not accept applications for Subscriptions of Units accompanied with Third Party Payments except in cases as enumerated below. “Third Party Payment” means

(i) when payment is made through an instrument issued from a bank account other than that of the fi rst named benefi ciary Investor mentioned in the Application Form

(ii) in case of payment instruments issued from a joint bank account, the fi rst named applicant/ Investor must be one of the joint holders of the bank account from which the payment instrument is issued. Investors are requested to tick the appropriate box on whether the payments under the Application Form are from the bank account of the Investor or a Third Party Payment.

(l) Applications accompanied by Third Party Payments as defi ned above shall be rejected except in the following exceptional situations:

(i) Payment by Parents/Grand-Parents/Related Persons* on behalf of a minor in consideration of natural love and affection or as gift for a value not exceeding Rs. 50,000 for each regular purchase or per SIP installment.

However this restriction of Rs. 50,000 will not be applicable for payment made by a Guardian whose name is registered in the records of Mutual Fund in that folio (i.e. Father / Mother / Court Appointed Legal Guardian),

(ii) Payment by Employer on behalf of employee under SIP through payrolldeductions, or

(iii) Custodian on behalf of an FII or a Client. * ‘Related Person’ means any person investing on behalf of

a minor in consideration of natural love and affection or as a gift.

For investments through Third Party Payments, Investors must accompany the ‘Third Party Payment Declaration Form’ (available at any of our ISCs or on our website www.gsam.in).

(m) The Mutual Fund/ AMC reserves the right at its absolute discretion to reject / not process the application which does not comply with these provisions and refund the application money. The Mutual Fund / AMC shall not be liable in any manner whatsoever for such rejections.

7. EMAIL /SMS COMMUNICATION In case the Investor provides an email address in the Application Form,

all communications including the accounts statement, allotment advice, transaction advice, annual report (or an abridged summary thereof), news letters or statutory /other information as permitted under the SEBI Regulations and all the documents in respect of the services provided by the Mutual Fund will be provided only through email. These documents shall be sent physically in case the Investor opts/ requests for the same.

In the event the Investor has provided a mobile number in the Application Form, then upon allotment of Units to the Unit holder, the AMC may send the account statement/allotment advice/transaction advice confi rming the number of Units allotted to the Unit holder by SMS on such registered mobile number of the Unit holder. Such email address / mobile number will be considered as the registered email address / mobile number of the Investor for all purposes by the AMC/ Mutual Fund. Please refer to the SAI for further details under “Correspondence by E-mail”.

8. DEMAT ACCOUNT DETAILS (a) Unit holders are provided with an option to hold Units in Demat Form. Please note that Units held in demat form cannot be Redeemed

directly with the Mutual Fund/AMC and must be Redeemed only through the Depository Participant.

(b) The Units of the Growth Option and Dividend sub-options, issued under the Scheme, will be distinct from each other and would have different ISINs.

(c) In the event the Investor opts to hold the Units in demat form, the relevant details of the Depository Participant and the benefi ciary account should be provided in the “Demat Account Details” section in the Application Form and a copy of the Client Master List (“CML”) should be provided along with the Application Form showing active demat account details for verifi cation. The CML shall not be older than one month. Investors applying as joint holders need to provide demat details of their joint demat account. Investors should fi ll in details for either CDSL or NSDL, not for both. All static details of the account including PAN, address, bank mandate, mode of holding, nomination etc. will be captured as per the Depository Participant records shall prevail over the corresponding details provided in the Application Form. The mode of holding specifi ed for the folio should match the mode of operation of the demat account as specifi ed in the Depository Participant’s record. The Units will be credited to the benefi ciary (demat) account only after successful verifi cation with the depository records and realization of payment. In case the demat details mentioned in the Application Form are incomplete/incorrect or do not match with the depository data/CML, the application shall be treated as invalid for processing under demat mode and therefore may either be rejected, or considered for processing in non-demat form, i.e. in physical mode, if the application is otherwise valid.

(d) Investors who Subscribe/Redeem Units in demat mode will initially be provided with a confi rmation by the Mutual Fund till the Units aredeposited in the demat account after which all subsequent account related information will be provided by the Depository Participant.

(e) Units which are not in demat form are not transferable. Please note that Investors holding demat Units can opt for SIP facilities.

9. NOMINATION DETAILS (a) Investors opting to hold Units in dematerialized form, need

not fi ll in this section as the nomination details shall be as mentioned in the Depository Participant’s records. Such nomination including any variation, cancellation or substitution of nominee(s), shall be governed by the rules and bye-laws of the Depository.

(b) The facility of nomination is available to a Unit holder under SEBI Regulations, 1996 and guidelines issued by SEBI from time to time.

(c) Nomination shall be mandatory for new folios/accounts opened by an individual especially with sole holding. The maximum number of nominees shall be limited to 3 (three). No new folios/accounts for individuals (with sole holding) would be opened without nomination, unless Investors who do not wish to nominate confi rm their intention to not nominate by ticking the appropriate box provided in section 11 of the Application Form and sign the same. In case nomination/intention to not nominate is not provided by the individual (with sole holding), the application is liable to be rejected.

Nomination Registration Form cannot be signed by POA holders. (d) Nomination will be maintained at the folio or account level and will be

applicable for investments in all Schemes in the folio or account. Every new nomination for a folio / account will overwrite the existing nomination.

(e) Where a folio has joint holders, all joint holders will be required to sign the request for nomination / cancellation of nomination, even if the mode of holding is not “Joint”.

(f) The nomination can be made only by individuals applying for Units on their own behalf singly or jointly. Non-individuals including society, trust (other than a religious or charitable trust), body corporate, partnership fi rm, Karta of Hindu Undivided Family (“HUF”) and holder of POA cannot nominate.

Nomination is not allowed in a folio held on behalf of a minor. (g) A minor can be nominated and in that event, the Unit holders shall

provide the name and address of the guardian of the minor nominee. Nomination(s) can also be in the favour of central government, state government, a local authority, any person designated by virtue of his offi ce or religious or charitable trust.

(h) The nominee shall not be a trust (other than a religious or charitable trust), society, body corporate, partnership fi rm, Karta of HUF or a POA holder.

A Non Resident Indian can be a nominee subject to the exchange control regulations in force, from time to time.

(i) On registration of nomination a suitable endorsement shall be made on the account statement or in the form of a separate letter.

(j) Nomination in respect of the Units stands rescinded upon the transfer, transmission or Redemption of Units. Transmission of Units in favour of a nominee shall be a valid discharge by the Mutual Fund / AMC / Trustees against the legal heirs of the Unit holder(s).

(k) The change or cancellation of nomination can be made only by those individuals who hold Units on their own behalf singly or jointly and who made the original nomination. On cancellation of the nomination, the nomination shall stand rescinded and the AMC / Mutual Fund / Trustees shall not be under any obligation to transfer the Units in favour of the nominee(s).

(l) The Investor should indicate the percentage of allocation / share in whole numbers without any decimals for each of the nominees making a total of 100%. In the event the applicant(s)/ Unit holder(s) not indicating the percentage of allocation / share for each of the nominees, then the AMC would, in case of two nominees – treat the percentage of allocation / share as equal, or in case of three nominees – treat the percentage of allocation / share in the ratio of 34:33:33 amongst the three nominees (in that order).

(m) If either the Mutual Fund or the AMC incur any loss whatsoever arising out of any litigation or harm that it may suffer in relation to the nomination, they will be entitled to be indemnifi ed absolutely from the deceased Unit holders’ estate.

10. SUBSCRIPTION & REDEMPTION OF UNITS THROUGH THE STOCK EXCHANGE MECHANISM OR THROUGH CLEARING MEMBERS AND DEPOSITORY PARTICIPANTS

Investors may also Subscribe/Redeem Units by availing the Mutual Fund Service System (MFSS) and the BSE Star MF platform/facilities provided by

the NSE and BSE respectively for Subscription and Redemption of Units or through clearing members and Depository Participants. Please refer to the SAI and contact the ISC for more details in this regard.

11. CONFIRMATION AND SIGNATURES (a) All signatures should be in English or in any Indian language. Thumb

impressions should be from the left hand for males and the right hand for females and in all cases must be attested by a magistrate, notary public or special executive magistrate under his / her offi cial seal. In case of HUF, the karta will sign on behalf of the HUF. Applications by minors should be signed by their guardians.

(b) Authorised offi cials should sign the form under their offi cial designation and company seal. If you are investing through your constituted attorney, please ensure that the POA document is signed by you and your constituted attorney. The signature in the Application Form then, needs to clearly indicate that the signature is on your behalf by the constituted attorney.

12. IMPORTANT DECLARATIONS The Investor(s) to note that by executing the Application Form(s) the

Investors give the following declarations: (a) The Investor(s) understand that the Mutual Fund, the Schemes and

the Units and their material terms are described in the Offering Documents.

The Investor(s) acknowledge that the Offering Documents have been made available to them for inspection. Terms defi ned in the Offering Documents and not otherwise defi ned in the Application Form shall have the meanings provided in the Offering Documents.

(b) The Investor(s) confi rm that: (i) the Investor(s) are fully informed of the legal requirements

within their country for Purchasing the Units; (ii) the Investor(s) are permitted to Purchase the Units under the

laws and regulations of their home country in the manner in which the Units have been offered or sold to them;

(iii) the Investor(s) are fully informed of any relevant foreign exchange restrictions and tax considerations arising out of their Purchase and ownership of Units;

(iv) the Investor(s) have neither received nor been induced by any rebate or gifts, directly or indirectly, in making their investment;

(v) the amount invested in the Scheme by, or on behalf of, the Investor(s) is through legitimate sources only and not from any source in contravention of any applicable Law, including without limitation, any applicable anti money laundering and related laws; and

(vi) the Investor(s) are not a US Person(s) (as defi ned in rule 902(k) under Regulation S under the Securities Act of 1933) or a Canadian resident(s), nor received or accepted the offer to Purchase / Subscribe to the Units of the Schemes within the United States or Canada.

(c) The Investor(s) confi rm that the Investor(s) is not involved in concealing, transferring, or disguising any property which, directly or indirectly, represents the proceeds of a criminal activity for the purpose of avoiding prosecution for an offence.

(d) If the Investor(s) is acting for a partnership or entity organised for passive investment, less than 10% of the equity interests in the entity are owned by U.S. Persons and such entities are not formed principally for facilitating investment by U.S. Persons. If the Investor(s) are acting for a corporation (other than those included in the preceding sentence), 20% or more of the equity interests in the corporation are not owned by U.S. Persons other than U.S. publicly traded corporations.

(e) Applicable for NRIs: The Investor(s) confi rm that they are a non-resident of Indian nationality / origin (“NRI”) as defi ned under the Foreign Exchange Management Act, 1999 and Regulations issued thereunder, and that they have remitted funds from abroad through approved banking channels or from funds in their Non-Resident (External) Rupee Account (“NRE”) or Foreign Currency (Non-Resident) Account (“FCNR”) or Non-Resident Ordinary Rupee (“NRO”) Account.

(f) The Investor(s) represent and warrant that they have full power and authorization to execute the Application Form and to make this investment.

The Investor(s) agree that none of the Mutual Fund, the AMC, the Trustee or their agents shall (i) have any responsibility to verify such authorization, and (ii) have no liability whatsoever and shall be

indemnifi ed by them against all costs, losses, claims and expenses arising from any omissions or any action properly taken by the Mutual Fund, the AMC, the Trustee or their agents in accordance with the terms of the Application Form. The Investor(s) understand and agree that the Trustees / AMC have the power to mandatorily Redeem Units held by Investor(s), if the Trustees/ AMC, in their sole opinion, suspect the Investor(s) to be engaged in activities such as, including but not limited to, market-timing or excessive trading orunfair or suspicious practices, or if the Trustees /A MC for any other reason believe that mandatory Redemption of such Investor(s) would generally be in the interest of the Scheme or its Unit holders.

(g) Investors(s) have read and understood the information provided in Section V(C)(I) of the Statement of Additional Information on ‘Investor Information’ and the ‘Privacy and Security Policy’ provided on the website of the Mutual Fund, and authorize the Mutual Fund, the AMC and all service providers to use their Personal Data.

(h) If, as a result of a miscalculation of the NAV that has been notifi ed to the Investor(s) by AMC/ Trustee/ the Mutual Fund, the Investor(s) have received dividend in excess of the correct value, the Investor(s), where relevant, upon determination of such correct NAV, agree to repay such excess. In cases where further Units in the Mutual Fund have been issued as a result of such error the Investor(s) hereby authorise the AMC / Trustee/ Mutual Fund to cancel or Redeem such Units to effect repayment.

(i) In the event that the Application Form are executed by more than one Investor(s), each party’s liabilities thereunder shall be joint and several.

(j) The Investor(s) agree to notify the ISC promptly in writing of any changes to the information, representations or confi rmations, provided by them in or along with the Application Form. The Application Form shall be governed by and construed in accordance with Laws of India.

(k) The Investor(s) declare that the information given in this Application Form is accurate and complete.

(l) If applicable, the Distributor has disclosed to the Investor(s) all commissions (in the form of trail commission or any other mode), payable to him for the different competing schemes of various mutual funds from amongst which the Scheme is being recommended to the Investor(s).

(m) Investor(s) agree that the declarations and confi rmations given by it/ them in the Application Form and the Important Declarations in these instructions are continuous and will be deemed repeated in connection with all further Subscriptions, Redemptions and transactions with the AMC / Mutual Fund. Investor(s) agree to advise the AMC / Mutual Fund promptly of any violations of the declarations and confi rmations made therein.

Additional declaration given by QFIs: (n) The QFI fulfi lls the following criteria: (a) resident in a country that is

a member of Financial Action Task Force (“FATF”) or a member of a group to the International Organization of Securities Commission’s

(“IOSCO”) Multilateral Memorandum of Understanding (“MMOU”) (Appendix A Signatories) or a signatory of a bilateral Memorandum of Understanding with SEBI.

(o) The QFI is not a person resident in India, or registered with SEBI as a FII or its sub-account or a Foreign Venture Capital Investor.

(p) QFIs agree that in case of any penalty, pending litigations or proceedings, fi ndings of inspections or investigations for which action may have been taken or is in the process of being taken by an overseas regulator against the Mutual Fund/ AMC, it shall bring such information to the attention of the Mutual Fund / AMC.

(q) QFIs have only one demat account with a qualifi ed Depository Participant and all Subscriptions and Redemptions have, and will continue to be made, through that Depository Participant only.

Documents Individual Minor NRI Companies Societies Partnership Investments through POA Trusts FIIs QFIs

KYC proof ............................................................. PAN proof** .......................................................... Proof of relationship with Guardian Document evidencing date of birth (a) birth certifi cate of minor; (b) school leaving certifi cate / mark sheet issued by Higher Secondary

Board of respective states, ICSE, CBSE etc, (c) passport of the minor, or (d) any other suitable proof evidencing date

of birth of minor. Resolution/ authorisation to invest# ....................... Authorised signatory List (with specimen signatures)# ......................................................................................................... Duly certifi ed proof of permanent overseas address .........................................................................................................

......................................................................................................... Notarised power of Attorney ......................................................................................................... FIRC (in case payment is made by DD from NRE / FCNR or where

applicable) # Should be original or true copy certifi ed by the Director / Trustee

/ Company Secretary / Authorised Signatory / Notary Public, as applicable

* For FIIs, copy of SEBI registration certifi cate should be provided. If the QFI / FII does not have a certifi cate of incorporation or charter documents, then any reasonable equivalent legal document evidencing formation of entity should be submitted.

** Submitting a copy of the evidence of having applied for PAN / Form 60 / Form 61 will be rejected. Self certifi ed copy of the PAN card or copy attested by a Distributor empanelled with the Mutual Fund or a bank manager or a notarized copy of the PAN card will be accepted.

KYC compliant proof

PAN proof**

Proof of relationship with Guardian

Document evidencing date of birth (a) birth certificate of minor; (b) school leaving certificate / mark sheet issued

by Higher Secondary Board of respective states, ICSE, CBSE etc,

(c) passport of the minor, or (d) any other suitable proof evidencing date of birth of minor.

Resolution/ authorisation to invest#

Memorandum & Articles of Association

Trust Deed

Bye Laws

Overseas Auditor’s Certificate

Authorised signatory List (With specimen signatures)#

Duly certified proof of permanent overseas address

Notarised power of Attorney

FIRC (in case payment is made by DD from NRE / FCNR or where applicable)

Requirements under SEBI Circular datedSeptember12, 2013 for eligible foreign investors

# Should be original or true copy certified by the Director / Trustee / Company Secretary / Authorised Signatory / Notary Public, as applicable* For FIIs, copy of SEBI registration certificate should be provided. If the QFI / FII does not have a certificate of incorporation or charter documents, then anyreasonable equivalent legal document evidencing formation of entity should be submitted.** Submitting a copy of the evidence of having applied for PAN / Form 60 / Form 61 will be rejected. Self certified copy of the PAN card if accompained with originalor copy attested by a Distributor empanelled with the Mutual Fund or a bank manager or a notarized copy of the PAN card will be accepted.

INVESTOR’S DOCUMENTATION AND PARTICULARS GRID

Documents Individual Minor NRI Companies Societies Partnership Investmentsthrough POA

Trusts FIIs QFIs ForeignInvestors

Declaration for ‘Ultimate Benefi cial Ownership’ [UBO](Mandatory for Non-Individual Applicants/Investors)

This declaration is not needed for Companies that are listed on any recognized stock exchange or is a Subsidiary of such Listed Company or is a beneficial owner of such Companies

A : Applicant details :Applicant Name :

PAN :

(For existing Investors only)

Category(Please tickrelevant box)

B : Details of Ultimate Beneficial Owners : (Please refer Instructions 1)

Sr.No.

Name ofBeneficialOwners

Nationality Address Identify proof(Please enclose self attested proof)*

For U.S. citizen / U.S. resident(Please refer instruction 2)

Ownership(%)

PAN : ____________

Other ID proof (if PAN not available) :___________________(Please specify)

Country of Tax residence :

________________

U.S. Tax Identification Number :

_____________________


________________


_____________________


________________


_____________________


________________


_____________________


________________


_____________________


________________


_____________________

PAN : ____________


PAN : ____________


PAN : ____________


PAN : ____________


PAN : ____________


1

2

3

4

5

6

I/We hereby acknowledge and confi rm that the information provided above is/are true and correct to the best of my/our knowledge and belife. In case any of the above specifi ed information is found to be false or untrue or misleading or misrepresenting. I/We shall be liable for it. I/We also undertake to keep you informed in writing about any changes/modifi cation to the above information in future and also undertake to provide any other additional information as may be required at your end. I/We hereby authorise you to disclose, share, remit in any form, mode or manner, all/ any of the information provided by me/us, including all changes, updates to such information as and when provided by me/us to Mutual Fund, its Sponsor, Goldman Sachs Asset Management Company (Pvt) Limited, trustees, their employees (‘the Authorised Parties’) or any Indian or foreign governmental or statutory or judicial authorities / agencies including but not limited to the Financial Intelligence Unit-India (FIU-IND), the tax / revenue authorities and other investigation agencies without any obligation of advising me/us of the same.

Place : ____________________

Date : ____________________

[with Company/Trust/Firm/Body Corporate seal] [with Company/Trust/Firm/Body Corporate seal] [with Company/Trust/Firm/Body Corporate seal]

Folio No. :

Other_______________________________________________________________________________________________________________________________ (Please Specify)

Minor

Private Company

Public Company Schemes of Mutual Fund

Registered Financial Institution / Commercial Bank Foreign Institutional investor (FII)

Society / Charity Unlisted CompanyPartnership firm

Unincorporated association / Body of indivualsTrust

Authorised Signatory/POA Holder Authorised Signatory/POA Holder Authorised Signatory/POA Holder

INSTRUCTIONS

1. Pursuant to SEBI master circular vide ref. no. CIR/ISD/AML/3/2010 dated December 31, 2010 on anti money laundering standards and guidelines on identification of Beneficial Ownership issued by SEBI vide its circular ref. no. CIR/MIRSD/2/2013 dated January 24, 2013, investors (other than Individuals) are required to provide details of Ultimate Beneficial Owner(s) (“UBO(s)”) and submit proof of identity (viz. PAN with photograph or any other acceptable proof of identity prescribed in common KYC form) of UBO(s).

The Ultimate Beneficial Owner means: • “For Investors other than an Individual or Trust

(Viz. Company, Partnership or unincorporated

association/body of individuals)” A ‘Natural Person’, who, whether acting alone

or together, or through one or more juridical person, exercises control through ownership or who ultimately has a controlling ownership interest.

Controlling ownership interest means ownership of / entitlements to:

i. more than 25% of shares or capital or profits of the juridical person, where the juridical person is a company;

ii. more than 15% of the capital or profits of the juridical person, where the juridical person is a partnership; or

iii. more than 15% of the property or capital or profits of the juridical person, where the juridical person is an unincorporated association or body of individuals.

In cases where there exists doubt as to whether the person with the controlling ownership interest is the beneficial owner or where no natural person exerts control through ownership interests, the identity details should be provided of the natural person who is exercising control over the juridical person through other means (i.e. control exercised through voting rights, agreement, arrangements or in any other manner). However, where no natural person is identified, the identity of the relevant natural person who holds the position of senior manag-ing official should be provided.

• For Trust:

The settler of the trust, the trustees, the protector, the beneficiaries with 15% or more of interest in the trust and any other natural person exercising ultimate effective control over the trust through a chain of control or ownership.

Exemption in case of listed companies:

The provisions w.r.t. Identification of UBO are not applicable to the investor or the owner of the controlling interest is a company listed on a stock exchange, or is a majority-owned subsidiary of such a company.

Applicability for foreign investors:

The identification of beneficial ownership in case of Foreign Institutional Investors (FIIs), their sub-accounts and Multilateral Funding Agencies / Bodies Corporate incorporated outside India with the permission of Government of India / Reserve Bank of India may be guided by the clarifications issued vide SEBI circular CIR/ MIRSD/11/2012 dated September 5, 2012.

2. Non-individual investors should mandatorily attach the declaration of UBO along with their application of investment.

3. Exemption in case of listed companies: The provisions w.r.t. Identification of UBO are not

applicable to the investors or the owner of the controlling interest is a company listed on a stock exchange, or is a majority-owned subsidiary of such a company.

4. Applicability for foreign investors:

The identification of ultimate beneficial ownership in case of Foreign Institutional Investors (FIIs), their sub-accounts and Multilateral Funding Agencies / Bodies Corporate incorporated outside India with the permission of Government of India / Reserve Bank of India are guided by the clarifications issued vide SEBI circular CIR/MIRSD/11/2012 dated September 5, 2012. As per said circular, list of beneficial owners with shareholding or beneficial interest in the applicant/investors equal to or above 25% is required or the Global Custodian / Local Custodian may provide an undertaking to submit these details. Any change in the list may be required to be submitted to the Mutual Fund / Authorised parties.

5. Country of Tax Residence: Tax Regulations require us to collect Information about each Investor’s tax residency. If you are a US citizen or resident, please include United States in this related field along with your US Tax Identification Number.

6. List of self-attested documents to be submitted along with the form:

(i) Copy of PAN card; or (ii) Copy of other identity proofs (any one) • Passport • Aadhaar Card (UID) • Driving license • Voter Identity Card • Photo Identity card issued by any of the

following : Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc. to their Members; and Credit cards / Debit Cards issued by Banks.

(iii) For Foreign investors: Undertaking from their Global Custodian / Local Custodian to submit list of beneficial owners with shareholding or beneficial interest in the applicant/investor equal to or above 25%.

7. The investor(s) should sign as per their mode of holding in the folio.


SIP / VIP AUTO DEBIT (ECS) FORM FOR GOLDMAN SACHS OPEN ENDED EQUITY SCHEMES

Application No.

To be accompanied with Application Form for new registrationPlease read the common instructions and SIP/VIP Instructions before completing this Form.

Upfront commission shall be paid directly by the Investor to the Distributor / broker based on the Investors' assessment of various factors including the service rendered by the Distributor / brokerPlease() any one, in the absence of indication of the option the form is liable to be rejected: New Registration � Renewal � Change of ECS Bank �

2. APPLICANT’S INFORMATION

3. SIP/VIP DETAILS

4. BANK DETAILS

SIP/VIP Through ECS Debit Clearing

I/We hereby apply to the Goldman Sachs Mutual Fund for a Systematic Investment Plan (SIP)/Value Averaging Investment Plan (VIP) through ECS Auto Debit under the following Scheme and agree to abide by the terms, conditions, rules and regulations of the SIP/VIP. Folio No. for existing Investor (Please attach attested PAN copy and KYC Acknowledgement Letter# of all Applicants / POA holders / Guardian, as applicable, if not submitted earlier) Name of First / Sole Applicant / Non-Individual Investor Guardian Name (in case 1st / sole applicant is a minor) #Please submit the duly filled KYC Application Form and required documents for all Applicants/ POA holders/ Guardian (as applicable) who are not KYC compliant.

Scheme: (Please mention the scheme name you are investing in)

Plan: � Direct Plan � Distributor Plan

Option: � Growth � Dividend For Dividend Option: � Payout � ReinvestmentDefault Option: Growth Default Dividend Option: Dividend Reinvestment

Micro SIP# � Yes � No

SIP Date From: SIP Date To:

*Each SIP amount `

Preferred monthly investment date �1st �15th (Default SIP Date 15th)(Minimum number of installments including first instrument should be 12.

First SIP ECS debit will be at least 30 days after the date of allotment)

* Minimum installment should be ` 1000/- and in multiples of ` 1/- thereafter. All ECS debits will be similar to the first instrument issued.

Micro VIP# � Yes � NoVIP Date From: VIP Date To (maximum up to 12 yrs):*Nominal amount ` (First VIP installment should be for nominal amount)Maximum ECS debit amount ` (should be higher than nominal amount)Preferred monthly investment date �1st �15th (Default VIP Date 15th)

* Minimum installment should be ` 2000/- and in multiples of ` 1/- thereafter. VIP is only applicable for GS CNX 500. First VIP ECS debit will be at least 30 days after the date of allotment. Default minimum investment will be "ZERO"

SIP (Systematic Investment Plan) VIP (Value averaging Investment Plan)

Account holder name as in bank records: PAN of bank account holder: Bank Name: Branch Name: Address: City: Account Number: 9 Digit MICR Code: 11 Digit IFSC Code:

ACKNOWLEDGMENT SLIP FOR SIP/VIP THROUGH ECS (To be filled in by the Investor)

Date D D M M Y Y Y Y Name of Sole/First Account Holder

Investment Details: Goldman Sachs Fund

Option : � Growth � Dividend � Dividend Option: � Payout � Reinvestment

SIP/VIP Amount ` Frequency : Monthly

SIP/VIP from M M Y Y Y Y to M M Y Y Y Y Date SIP/VIP Date � 1st or � 15th

5. CONFIRMATION AND SIGNATURE/SI/We hereby declare that the particulars given in this form are correct and complete and express my/our willingness to (i) apply for Purchase of Units of the Scheme mentioned above, (ii) make installment payments referred above through direct debit/ participation in RBI’s Electronic Clearing Service (debit clearing), or (iii) change details of my/our bank mandate as stated in this form, as applicable. If the transaction is delayed or not effected at all for reasons of incomplete information, I/we will not hold Goldman Sachs Mutual Fund/AMC/Trustee or any other authorities/services providers/representatives responsible. I/We further undertake that any changes in my / our bank details will be informed to the Fund immediately. I/We have read and agreed to the Terms and Conditions in the instructions to this form.

First/Sole Applicant/Guardian/POA Holder Second Applicant/POA Holder Third Applicant/POA Holder

6. AUTHORISATION OF THE BANK ACCOUNT HOLDER

This is to inform that I/We have registered for the RBI’s Electronic Clearing Service(Debit Clearing) and that my/our payment towards my/our investment in the Scheme of Goldman Sachs Mutual Fund shall be made from our below mentioned bank account with your bank. I/We authorise the representative carrying this ECS mandate form to get it verified & executed. Mandate verification charges, if any, may be charged to my/our account. Bank Account Number

Banker’s AttestationCertified that the signature of account holder and thedetails of bank are correct as per our records.

Signature of authorised official from bank (bank stamp and date)


Mandatory Enclosures:� Blank cancelled cheque � First SIP/VIP cheque

Cheque No. Date Amount (`)

Account Type (Please tick ) � Savings � Current � NRE � NRO � FCNR � Others (please specify)

*If not routed through a broker/Distributor, will be captured as DIRECT

Application No.

0330-1112_SIP-Auto debit ECS-GSDF-GSEDOF-GS CNX 500

Signature (As per Bank Record)

1st Holder

2nd Holder

3rd Holder

Name of Minor Minor’s DOB

# Investors who wish to opt for Micro SIP/VIP should provide the KYC Application Form and required documents along with the Application Form, if attested KYC Acknowledgment Letter is not provided.

1. TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY (Please tick () any one)

Applicable for transaction routed through an empanelled Distributor who has ‘opted in’ to receive transaction charges

� I confirm that I am a first time Investor across mutual funds.(` 150 deductible as transaction charge and payable to the Distributor)

� I confirm that I am an existing Investor in mutual funds.(` 100 deductible as transaction charge and payable to the Distributor)

Please() any one, in the absence of indication of the option the form is liable to be rejected: New Registration � Renewal � Change of ECS Bank �

Broker/Distributor Name*: ARN: Sub-Broker Name & Code Registrar Serial No.Employee Name & EUIN:“I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this is an “execution-only” transaction without any interaction or advice by the employee/relationship manager/sales person of the above distributor or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor and the distributor has not charged any advisory fees on this transaction”.

M M Y Y Y Y M M Y Y Y Y M M Y Y Y Y M M Y Y Y Y

D D M M Y Y Y Y

welcome

Typewritten text


welcome

Typewritten text

47791

GENERAL INSTRUCTIONS

1. GENERAL INSTRUCTIONS

(a) Qualified Foreign Investors (QFIs) cannot avail of SIP facility.

(b) Investor should submit:

(i) Application Form with the relevant portion of SIP duly filled in;

(ii) SIP Auto Debit (ECS) Form (relevant portion of SIP duly filled in);

(iii) First SIP cheque / demand draft for desired investment amount (subject to minimum as specified by the Scheme) amount; AND

(iv) Blank cancelled cheque leaf of the same account which is given for ECS debit clearing. If the bank account number on the cheque leaf is handwritten or Investor name is not printed on the face of the cheque, the bank account statement, bank certificate or pass book giving the name, address and the account number should be enclosed. If photocopies are submitted, Investors must produce original for verification.

(c) Please read the Scheme Information Document (“SID”), the Statement of Additional Information (“SAI”) and Key Information Memorandum (“KIM”) (collectively the “Offering Documents”), and these Instructions (including the Important Declarations in these Instructions), carefully before filling the SIP Auto Debit (ECS) Form.

(d) All Investors are deemed to have read and accepted the terms in the Offering Documents and the SIP Auto Debit (ECS) Form including these Instructions subject to which this offer is being made and bind themselves to the terms thereof upon signing the SIP Auto Debit (ECS) Form and tendering the payment.

(e) All applications will be accepted subject to detailed scrutiny and verification. Please ensure that the requisite details and documents have been provided, in order to avoid processing delays and /or rejection of your SIP Auto Debit (ECS) Form. Invalid, incomplete, incorrect or ambiguous applications are liable to be rejected after acceptance and verification. Subject to the SEBI Regulations and applicable Laws, the SIP Auto Debit (ECS) Form may be accepted or rejected at the sole and absolute discretion of the Trustees / AMC. Please refer to the Offering Documents for further details on rejection of applications.

(f) Please do not overwrite. For any correction / changes, if any, made on the SIP Auto Debit (ECS) Form, the applicants are requested to authenticate the same by cancelling and re-writing the correct details and counter signing the same, failing which the AMC / Mutual Fund / Trustees may at its sole discretion reject such application / transaction request.

(g) Investors should ensure to write the word ‘DIRECT’ in the column for ‘Broker/Distributor Name’ in the SIP Auto Debit (ECS) Form in cases where such applications are not routed through any Distributor / broker. If the column for ‘Broker/Distributor Name’ is left blank in the SIP Auto Debit (ECS) Form, then the application would be considered as a ‘DIRECT’ application. Any subsequent change / update / removal of Distibutor / broker name, ARN or sub-broker name and code will be based on the written request from the Unit holder and will only be on a prospective basis from the date when the Registrar accepts such written instruction.

(h) All Distributors (except overseas Distributors), agents or persons employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products are required to have a valid certificate from the Association of Mutual Funds of India (“AMFI”) / the National Institute of Securities Markets (“NISM”) by passing the certification examination. All overseas Distributors are required to be in compliance with the extant laws, rules and regulations of jurisdictions where they carry out their operations in the capacity of distributors. Further, no agents / Distributors (except overseas Distributors) will be entitled to sell units of mutual funds unless the intermediary is registered with AMFI. Investors should ensure that all agents / Distributors (except overseas Distributors) are registered with AMFI. Investors are also requested to ensure that the Distributors (except overseas Distributors) / agents they approach possess valid certification / registration in the manner specified herein.

(i) The SIP Auto Debit (ECS) Form should be accompanied with the first installment cheque and be submitted at any of the Official Points of Acceptance of the Mutual Fund. Investors need to fill in this form together with the Application Form for availing SIP through Auto-Debit (ECS) facility. Existing Unit holders need to quote their existing folio number in the form, specify their name in section 2 (in case of joint holders please specify the name of the first holder), specify whether they are KYC compliant, and enclose a self attested copy of the PAN card and the KYC Acknowledgment Letter. Please refer to Insruction no. [•] below for further details on KYC compliance.

(j) No separate receipt will be issued for the application money. Investors are requested to retain the acknowledgment slip until receipt of confirmation of allotment of Units.

(k) All allotments will be provisional, subject to realisation of payment and furnishing mandatory information / documents, failing which the Trustees / AMC reserve the right to reject the application or if Units have been allotted, freeze the folio and refund or Redeem the Units at Applicable NAV (at applicable Exit Load, if any) and in such a case the Trustees / AMC will not be responsible for any consequence therefrom.

(l) Irrespective of mode of holding, all communication and payments shall be made by the Mutual Fund only in the name of and favoring the sole / 1st applicant, including all account statements, Dividend or Redemption payments, and all other relevant correspondence.

(m) The Mutual Fund / AMC / Trustees and their directors, employees and agents shall not be liable in any manner for any claims arising whatsoever on account of freezing the folios / rejection of any application / allotment of Units or mandatory Redemption of Units due to non compliance with the provisions of the PMLA, SEBI Regulations including circular(s) and KYC policy and / or where the AMC believes that transaction is suspicious in nature within the purview of the PMLA and SEBI Regulations including circular(s) and reporting the same to the competent authorities under PMLA and rules / guidelines issued thereunder by SEBI and / or the RBI.

(n) The SIP Auto Debit (ECS) Form should be completed in ENGLISH in BLOCK LETTERS only. Please tick (√) in the appropriate box ( ) where boxes have been provided.

2. TRANSACTION CHARGES:

For investments through Distributors, please tick the appropriate box in section 1. Pursuant to SEBI Circular No. Cir/IMD/DF/13/2011 dated August 22, 2011 and SEBI Circular No. Cir/IMD/DF/21/2012 dated September 13, 2012, the Mutual Fund shall deduct transaction charges from the Subscription amount in the manner set out in the KIM and the SID. The amount so deducted shall be paid to the empanelled Distributor / agent of the Investor (if such empanelled Distributor/agent has “opted in” to receive the transaction charge) and the balance shall be invested and Units will be allotted against the net investment.Please note that any transaction charges levied in the manner set out above are in addition to the existing system of commission payable to Distributors.


(a) Permanent Account Number (“PAN”):

(i) SEBI has made it mandatory for all applicants (in the case of application in joint names, each of the applicants) to mention his/her permanent account number (PAN) and submit a certified copy of the PAN card as the sole identification number, irrespective of the amount. Applications received without PAN / PAN card copy will be rejected. PAN card copy is not required separately if KYC Acknowledgement Letter is made available. In case of joint applicants, PAN details and certified copies of PAN card of all holders should be submitted. If a POA holder is transacting on behalf of the Investor, then the PAN details and certified copy of the PAN card of the POA holder and the Investor should be provided.

(ii) However, PAN is not mandatory in the case of Investors residing in the state of Sikkim and transactions undertaken on behalf of Central Government, State Government entities and the officials appointed by the courts e.g. Official liquidator, Court receiver etc (under the category of Government) and UN entities / multilateral agencies exempt from paying taxes / filing tax returns in India for their investments in the Mutual Fund. Systematic Investment Plans (“SIPs”) where aggregate of installments in a rolling 12 month period or in a financial year i.e April to March does not exceed Rs. 50,000 (to be referred as “Micro SIP” hereinafter) per year per Investor are also exempted from the requirement of PAN. The Mutual Fund reserves the right to ascertain the status of such entities with adequate supporting documents. Applications not complying with the above requirement may not be accepted/processed. For further details, please refer Section ‘Permanent Account Number’ under Statement of Additional Information (SAI) available on our website www.gsam.in

(b) Know your Customer (“KYC”) Compliance :

(i) KYC is mandatory under the Prevention of Money Laundering Act, 2002 for all applications/ investments in mutual funds (fresh Purchases / additional Purchases and new SIP/ STP /SWP registrations). KYC Compliance status of all Investors in a folio (including joint holders, minors, guardians and POA holders) is required to be quoted in the Application Form.

(ii) Investors opting to hold Units in dematerialised form, the KYC performed by the Depository Participant of the investor will be considered as KYC verification done by the Trustee / AMC.

(iii) With effect from January 1, 2012, SEBI has introduced a common KYC Application Form for all the SEBI registered intermediaries. Fresh/new Investors are, therefore, requested to use the common KYC Application Form and carry out the KYC process including In-Person Verification (“IPV”) with any SEBI registered intermediaries, including mutual funds. Such Investors may submit the acknowledgement letter obtained from the relevant KYC Registration Agency (“KRA”) along with the Application Form to evidence KYC compliance. All references to KYC Acknowledgement Letter in these instructions shall include a reference to acknowledgment letters obtained from the KRA. Once the investor has done KYC with any SEBI registered

intermediary, the investor need not undergo the same process again with the Mutual Fund. However, the Mutual Fund reserves the right to carry out fresh KYC of the Investor.

(iv) Investors who are KYC Compliant, i.e. who have obtained a KYC Acknowledgment Letter issued by CDSL Ventures Ltd (“CVL”) are required to tick the box as KYC compliant in the Application Form and enclose a self attested copy of the KYC Acknowledgment Letter or a printout of KYC compliance status downloaded from CVL’s website (www.cvlindia.com) using their PAN, along with the Application Form to evidence fulfillment of KYC requirements. Applications where KYC is not completed will be rejected.

(c) Investors should provide the name of the bank, branch address, account type and account number of the sole / 1st applicant. Please note that as per SEBI guidelines, it is mandatory for Investors to mention their bank account details in the Application Form. Investors must also write the Application Form number / Folio number on the reverse of the Cheques accompanying the SIP Auto Debit (ECS) Form. Applications without complete bank details shall be treated as incomplete and may be rejected. In case an Investor opts to hold the Units in demat form, the applicant(s) details mentioned in Sections 2 and 4, should be the same as appearing in demat account held with a Depository Participant.

(d) Investors must use separate SIP Auto Debit (ECS) Forms for availing SIP simultaneously in more than one Option of the Scheme.

(e) Investors should indicate the Option (Growth/Dividend) and sub-option (Dividend Reinvestment / Dividend Payout), if applicable, for which the application is made. If no indication is given, the default Option will be Growth and in case of Dividend Option where Payout and Re-investment sub-option is not mentioned, the default sub-option will be Dividend Re-investment sub-option. Please note that where the Unit holder has opted for Dividend Payout sub-option, if the amount of Dividend payable to the Unit holder is Rs. 250/- or less, the same will be compulsorily reinvested in the Scheme.

(f) The first SIP installment has to compulsorily be in the form of a cheque / demand draft drawn on the same bank account which is to be registered for ECS (debit clearing). All cheques / demand drafts must be drawn favouring the Scheme name and crossed “Account Payee only” payable locally in the city where the application is submitted. Please write the SIP Auto Debit (ECS) Form number / folio number and the first applicant’s name on the reverse of the cheque / demand draft accompanying the SIP Auto Debit (ECS) Form.

(g) Signatures:

(i) Section 5 is to be signed by Investors for SIP investment in accordance with their mode of holding specified in the Application Form / folio.

(ii) Section 6 is to be signed by bank account holders in the order in which the bank account is held and the manner in which their signatures appear on bank records. Bank attestation will be carried out by our agency. Investors are requested to fill up all the details and sign the same.

(o) No separate receipt will be issued for the application money. The Official Points of Acceptance will stamp and return the acknowledgement slip in the SIP Auto Debit (ECS) Form, to acknowledge receipt of the application, subject to final verification and scrutiny. Investors are requested to retain the acknowledgment slip until receipt of confirmation of allotment of Units.

4. SIP WITH ECS (DEBIT CLEARING) FACILITY

(a) Please furnish the following details with respect to your SIP investment:

(i) SIP installment amount - Minimum Rs.1000/- and in multiples of Re.1/- thereafter. There is no upper limit for individual installments / aggregate investments made under SIP.

(ii) No. of SIP installments - Minimum 12 installments, including the first installment

(iii) SIP Frequency - Monthly

(iv) SIP Date - Investor should select any one date either 1st or 15th. If no date is selected, the default date will be the 15th.

(b) The first SIP installment should be through cheque/demand draft only and cheque/demand draft date should be same as the submission date of the SIP Auto Debit (ECS) Form. The payment for the subsequent SIP installments shall be made on 1st or 15th of a month only through ECS. Any payments intended for interim period will not be processed and will be treated as void. The remaining installments would thereafter be accepted on a monthly basis. The second installment by ECS will be debited from the Investor’s bank account on the selected SIP date, only if this date is at least 30 days after the allotment of Units. Please refer to the SID for more details in this respect.

(c) First SIP Cheque and subsequent SIP installments via ECS (Debit Clearing) should be of the same amount. The remaining payment instructions shall be either for the 1st or 15th of a month, provided there is a minimum of 30 days after the first payment instruction.

(d) In case SIP investments are made through ‘Third Party Payments’ i.e. payment made through an instrument issued from a bank account other than that of the first named Investor mentioned in the SIP Auto Debit (ECS) Form, Investors are required to additionally fill up & submit the ‘Third Party Payment Declaration Form” (available at any of our ISCs or on our website www.gsam.in).

5. TERMS AND CONDITIONS

(a) SIP facility is offered to the Investors using RBI’s Electronic Clearing Services (ECS Debit Clearing Facility). By opting for this facility, the Investors agree to abide by the terms and conditions subject to which this facility is offered by RBI.

(b) The SIP Auto Debit (ECS) facility is offered only to Investors having bank accounts in cities mentioned below.

Delhi, Ludhiana, Amritsar, Jalandhar, Chandigarh, Shimla, Jammu, Kanpur, Allahabad, Varanasi, Lucknow, Dehradun, Gorakhpur, Agra, Jaipur, Bhilwara, Udaipur, Jodhpur, Rajkot, Jamnagar, Ahmedabad, Baroda, Surat, Mumbai, Goa, Pune, Sholapur, Kolhapur, Nasik, Aurangabad, Nagpur, Indore, Bhopal, Gwalior, Jabalpur, Raipur, Hyderabad, Tirupati, Vijaywada, Nellore, Vizag, Kakinada, Bangalore, Mysore, Mangalore, Udipi, Hubli , Gadag, Bijapur, Belgaum, Davangere, Shimoga, Tumkur, Mandya, Hasan, Gulbarga, Rajchur, Chennai, Pondicherry, Trichy, Madurai, Salem, Erode, Thirupur, Tirunelveli, Calicut, Trichur, Cochin, Trivandrum, Coimbatore, Kolkata, Bardhaman, Durgapur, Siliguri, Bhubaneshwar, Guwahati, Imphal, Shillong, Patna, Dhanbad, Jamshedpur, Ranchi, Haldia, Asansol, Cuttack , Bikaner, Gangtok, Anand, Bhavnagar, Kota.

(c) The cities/banks/branches in the list may be modified/updated/changed/removed at any time in future entirely at the discretion of AMC without assigning any reasons or prior notice.

(d) If any city/bank/branch is removed, SIP instructions for Investors in such city/bank/branch via ECS (Debit Clearing) route will be discontinued without prior notice. Mandate verification charges if any will be debited to the Investors account.

(e) To avail this SIP facility, the Investor is required to give standing instructions to his bankers in the prescribed form to debit his bank accounts at periodic intervals and credit the installment amount to the bank account with the Mutual Fund directly or through any of the service providers appointed by the AMC. The Investor undertakes to keep sufficient funds in the funding account till the date of execution of standing instructions.

(f) Applications for SIP Auto-Debit (ECS) Facility would be accepted only if the bank branch listed above participates in local MICR / ECS clearing. In case your bank chooses to cross-verify the ECS Auto-Debit mandate with you as the bank’s customer, you would need to promptly act on the same.

(g) The first SIP date for ECS (Debit Clearing) will be at least 30 days after the first payment instruction. Please take this into account while entering the SIP Auto Debit period and indicate the correct SIP ECS Debit commencement date. Only one SIP per month, per folio/account is permitted.

(h) If you are an existing SIP Investor with us and are currently availing SIP through Auto-Debit (ECS) Facility, please note the following with respect to this systematic investment that you propose to make in the folio that you cannot make an additional SIP investment in the same folio, in the same Scheme / Option and on the same due date, from the same or different bank account.

(i) Allotment of Units would be subject to realisation of payment.

(j) Investors will not hold the Mutual Fund, AMC, Registrar and other service providers responsible if the transaction is not / incorrectly effected due to incomplete or incorrect instructions from the Investor or if the transaction is delayed or not effected or the Investor’s bank account is debited in advance or after the specific SIP date due to local holidays or any other reason.

(k) The Mutual Fund, AMC, Registrar and other service providers shall not be responsible and liable for any damages/compensation for any loss, damage etc. incurred by the Investor. The Investor assumes the entire risk of using this facility and takes its full responsibility.

(l) The AMC/Mutual Fund reserves the right to reject any application without assigning any reason thereof.

(m) The Mutual Fund / AMC / Trustees reserve the right not to re-present any mandate for SIP Auto Debit (ECS) facility if the registration could not be affected in time for reasons beyond its / their control.

(n) Please refer to the Offering Documents for Applicable NAV, risk factors, Load and other information before investing.

(o) Investor may change bank account or discontinue this facility by giving notice to any of the ISCs at least 10 Business Days before the subsequent installment.

(p) The Trustee/AMC reserves the right to change/ modify the terms and conditions of the SIP facility in accordance with the SEBI Regulations.

6. IMPORTANT DECLARATIONS

The Investor(s) to note that by executing the SIP Auto Debit (ECS) Form(s), the Investors give the following declarations:

(a) The Investors hereby confirm that they have read, understood and are bound by the terms and conditions of this SIP Auto Debit (ECS) Form, including these Important Declarations, the contents of the Offering Documents, and are fully capable of assessing and bearing the risks involved in Purchasing the Units, and agree to abide by the terms, conditions, rules and regulations of the Scheme.

(b) The Investors hereby authorise Goldman Sachs Mutual Fund, its Investment Manager and its agents to disclose personal data / details of their investment to anyone as may be necessary or expedient for the purposes of administration of investments in the Units of the Scheme.

(c) The Investor(s) understand that the Mutual Fund, the Schemes and the Units and their material terms are described in the Offering Documents. The Investor(s) acknowledge that the Offering Documents have been made available to them for inspection. Terms defined in the Offering Documents and not otherwise defined in the SIP Auto Debit (ECS) Form shall have the meanings provided in the Offering Documents.

(d) The Investor(s) confirm that: (i) the Investor(s) are fully informed of the legal requirements within their country for Purchasing the Units; (ii) the Investor(s) are permitted to Purchase the Units under the laws and regulations of their home country in the manner in which the Units have been offered or sold to them; (iii) the Investor(s) are fully informed of any relevant foreign exchange restrictions and tax considerations arising out of their Purchase and ownership of Units; (iv) the Investor(s) have neither received nor been induced by any rebate or gifts, directly or indirectly, in making their investment; (v) the amount invested in the Scheme by, or on behalf of, the Investor(s) is through legitimate sources only and not from any source in contravention of any applicable Law, including without limitation, any applicable anti money laundering and related laws; and (vi) the Investor(s) are not a US Person(s) (as defined in rule 902(k) under Regulation S under the Securities Act of 1933) or a Canadian resident(s), nor received or accepted the offer to Purchase / Subscribe to the Units of the Schemes within the United States or Canada.

(e) The Investor(s) confirm that the Investor(s) is not involved in concealing, transferring, or disguising any property which, directly or indirectly, represents the proceeds of a criminal activity for the purpose of avoiding prosecution for an offence.

(f) If the Investor(s) is acting for a partnership or entity organised for passive investment, less than 10% of the equity interests in the entity are owned by U.S. Persons and such entities are not formed principally for facilitating investment by U.S. Persons. If the Investor(s) are acting for a corporation (other than those included in the preceding sentence), 20% or more of the equity interests in the corporation are not owned by U.S. Persons other than U.S. publicly traded corporations.

(g) Applicable for NRIs: The Investor(s) confirm that they are a non-resident of Indian nationality / origin (“NRI”) as defined under the Foreign Exchange

Management Act, 1999 and Regulations issued thereunder, and that they have remitted funds from abroad through approved banking channels or from funds in their Non-Resident (External) Rupee Account (“NRE”) or Foreign Currency (Non-Resident) Account (“FCNR”) or Non-Resident Ordinary Rupee (“NRO”) Account The Investor(s) confirms that all additional Purchases made under this folio will also be from funds received from abroad through approved banking channels or from funds in my / our NRE/NRO/FCNR Account.

(h) The Investor(s) represent and warrant that they have full power and authorization to execute the SIP Auto Debit (ECS) Form and to make this investment. The Investor(s) agree that none of the Mutual Fund, the AMC, the Trustee or their agents shall (i) have any responsibility to verify such authorization, and (ii) have no liability whatsoever and shall be indemnified by them against all costs, losses, claims and expenses arising from any omissions or any action properly taken by the Mutual Fund, the AMC, the Trustee or their agents in accordance with the terms of the SIP Auto Debit (ECS) Form. The Investor(s) understand and agree that the Trustees / AMC have the power to mandatorily Redeem Units held by Investor(s), if the Trustees/ AMC, in their sole opinion, suspect the Investor(s) to be engaged in activities such as, including but not limited to, market-timing or excessive trading or unfair or suspicious practices, or if the Trustees /AMC for any other reason believe that mandatory Redemption of such Investor(s) would generally be in the interest of the Scheme or its Unit holders.

(i) Investors(s) have read and understood the information provided in Section V(C)(I) of the Statement of Additional Information on ‘Investor Information’ and the ‘Privacy and Security Policy’ provided on the website of the Mutual Fund, and authorize the Mutual Fund, the AMC and all service providers to use their Personal Data.

(j) If, as a result of a miscalculation of the NAV that has been notified to the Investor(s) by AMC/ Trustee/ the Mutual Fund, the Investor(s) have received Dividend in excess of the correct value, the Investor(s), where relevant, upon determination of such correct NAV, agree to repay such excess. In cases where further Units in the Mutual Fund have been issued as a result of such error the Investor(s) hereby authorise the AMC / Trustee/ Mutual Fund to cancel or Redeem such Units to effect repayment.

(k) In the event that the SIP Auto Debit (ECS) Form are executed by more than one Investor(s), each party’s liabilities thereunder shall be joint and several.

(l) The Investor(s) agree to notify the ISC promptly in writing of any changes to the information, representations or confirmations, provided by them in or along with the SIP Auto Debit (ECS) Form. The SIP Auto Debit (ECS) Form shall be governed by and construed in accordance with Laws of India.

(m) The Investor(s) declare that the information given in this SIP Auto Debit (ECS) Form is accurate and complete.

(n) If applicable, the Distributor has disclosed to the Investor(s) all commissions (in the form of trail commission or any other mode), payable to him for the different competing schemes of various mutual funds from amongst which the Scheme is being recommended to the Investor(s).

(o) Investor(s) agree that the declarations and confirmations given by it/them in the SIP Auto Debit (ECS) Form and the Important Declarations in these Instructions are continuous and will be deemed repeated in connection with all further Subscriptions, Redemptions and transactions with the AMC / Mutual Fund. Investor(s) agree to advise the AMC / Mutual Fund promptly of any violations of the declarations and confirmations made therein.

Application No.

2. SYSTEMATIC TRANSFER PLAN (STP) (please tick ( �) the relevant Scheme, Option and Date)


Transfer From

Scheme Goldman Sachs CNX 500 Fund (GS CNX 500)

Plan Direct Plan Distributor Plan

Option: Growth Dividend

Dividend option: Payout Reinvestment

Transfer To

Scheme

Plan Direct Plan Distributor Plan

Option: Growth Dividend

Dividend option: Payout Reinvestment


STP ENROLMENT FORM(For GS CNX 500)


Transfer Frequency: Monthly

Date: 1st 15th

Default STP Date: 15th

Transfer Options

Amount per installment `*

Period of Enrolment ** From To

*Subject to minimum of ` 1000/- and in multiples of ` 1/- thereafter. ** Minimum 12 installments.

SIG

NAT

URE

/S

3. DECLARATIONS & SIGNATURE/S

Please note that by signing this Application Form, the Investors also give the Important Declarations set out in the instructions section of the Application Form. I/We hereby apply for the allotment / Purchase of Units of the Scheme, as indicated in this form and confirm that I/we have read, understood and are bound by the terms and conditions of this Application Form, including the Important Declarations in the instructions to the Application Form, the contents of the Key Information Memorandum, the Scheme Information Document and the Statement of Additional Information, and am/are fully capable of assessing and bearing the risks involved in purchasing the Units, and agree to abide by the terms, conditions, rules and regulations of the Scheme. I /We hereby authorise Goldman Sachs Mutual Fund, its Investment Manager and its agents to disclose personal data / details of my investment to anyone as may be necessary or expedient for the purposes of administration of investments in the Units of the Scheme. By signing this Application Form, I / we confirm that I / we have read the Goldman Sachs India Privacy Policy which is available at www.gsam.in and agree to the collection and use of my / our personal information as provided in such policy, as it may be updated from time to time.Applicable to NRIs only.I / We confirm that I am / We are Non-Resident of Indian Nationality/ Origin and I / We hereby confirm that funds for Subscription have been remitted from abroad through normal banking channels or from funds in my/ our Non-Resident External/ Ordinary Account/ FCNR Account.(Please �) Yes No If yes, Repatriation basis Non-repatriation basis

First/SoleApplicant/Guardian/POA Holder �

SecondApplicant/POA Holder �

ThirdApplicant/POA Holder �

Application No.

Date

Received from Mr./Ms./M/s. _______________________________________________________ STP application for transfer of Units;

from Scheme / Option

to Scheme / Option

For a monthly STP installment amount / nominal amount of ` ___________________________________ for STP Date: 1st 15th

D D M M Y Y Y Y


0334-1112_STP-VTP Enrolment form GSSTF

Folio No. (for existing Unit Holder)

Name of First / Sole Applicant / Non-Individual Investors

PAN KYC compliant# (Please �)

Name of Second Applicant

CYKNAP compliant# (Please �)

Name of Third Applicant

CYKNAP compliant# (Please �)

Name of Guardian (in case First / Sole Applicant is a Minor)/Name of Corporate Contact (in case of Non-Individual Investors)

Mr./Mrs./Ms.

Relationship with Minor (Please �): Father Mother Court appointed Legal Guardian (Attach proof)

Designation (In case of corporate contact) PAN KYC compliant# (Please �)

#Please submit the duly filled KYC Application Form and supporting documents for all Applicants / POA holders / Guardians (as a pplicable) who are not KYC compliant.

M M Y Y Y Y M M Y Y Y Y

Please read Key Information Memorandum and the instructions in this Application Form. All sections to be filled legibly in English and in BLOCK LETTERS.

Upfront commission (if any) shall be paid directly by the Investor to the ARN holder (AMFI registered distributor) based on the Investors' assessment of various factors including the service rendered by the ARN holder. Investors who have directly transacted with the fund before, please skip section 1 to 5, provide attested PAN copy and KYC documents for all Applicants/ POA holders /Guardian (as applicable), if not provided earlier and proceed to section 6.

*If not routed through a broker/distributor, will be captured as DIRECT

“I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relatonship manager/salesperson of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker”.

Declaration for “execution-only” transaction (mandatory if EUIN box is left blank) (Refer Instruction 1)

Reinvestment Options : Daily Reinvestment Weekly Reinvestment (Only for GSSTF)

welcome

Typewritten text


welcome

Typewritten text

47791

Application No.

To be accompanied with Application Form if STP/SWP is not from existing folioPlease read the Key Information Memorandum, common instructions and STP/SWP instructions before completing this STP/SWP Enrolment Form. All sections to be filled legibly in English and in BLOCK LETTERS.

Upfront commission shall be paid directly by the Investor to the Distributor / broker based on the Investors' assessment of various factors including the service rendered by the Distributor / broker

(Please ) any one, in the absence of indication of the option the form is liable to be rejected: New Registration � Renewal � Change in STP/SWP amount/date �


STP/SWP ENROLMENT FORM

For GOLDMAN SACHS INDIA EQUITY FUND (GSIEF) [An open ended equity scheme]

0324-1112_SWP enrol form for GSIEF

4. CONFIRMATION AND SIGNATURE/S

Please note that by signing this Application Form, the Investors also give the Important Declarations set out in the instructions section of the Application Form. I/We hereby apply for the allotment / Purchase of Units of the Scheme, as indicated in this form and confirm that I/we have read, understood and are bound by the terms and conditions of this Application Form, including the Important Declarations in the instructions to the Application Form, the contents of the Key Information Memorandum, the Scheme Information Document and the Statement of Additional Information, and am/are fully capable of assessing and bearing the risks involved in purchasing the Units, and agree to abide by the terms, conditions, rules and regulations of the Scheme. I /We hereby authorise Goldman Sachs Mutual Fund, its Investment Manager and its agents to disclose personal data / details of my investment to anyone as may be necessary or expedient for the purposes of administration of investments in the Units of the Scheme. By signing this Application Form, I / we confirm that I / we have read the Goldman Sachs India Privacy Policy which is available at www.gsam.in and agree to the collection and use of my / our personal information as provided in such policy, as it may be updated from time to time.Applicable to NRIs only.I / We confirm that I am / We are Non-Resident of Indian Nationality/ Origin and I / We hereby confirm that funds for Subscription have been remitted from abroad through normal banking channels or from funds in my/ our Non-Resident External/ Ordinary Account/ FCNR Account.Please () � Yes � No If yes, � Repatriation basis � Non-repatriation basis

SIG

NA

TURE

S

First/SoleApplicant/Guardian/POA Holder

SecondApplicant/POA Holder

ThirdApplicant/POA Holder

Date

Received from Mr./Ms./M/s. STP/SWP application for transfer of Units;

from GSIEF Option � Growth � Dividend

Dividend Option � Payout � Reinvestment

For a monthly STP/SWP amount of ` for STP/SWP Date: � 1st � 15th

D D M M Y Y Y Y



Application No.


Folio No. (for existing Unit Holder)

Name of First / Sole Applicant / Non-Individual Investors

PAN KYC# compliant (Please ) � (Refer instruction no. 3(d) of the Application Form)

Name of Second Applicant


Name of Third Applicant


Name of Guardian (in case First / Sole Applicant is a Minor)/Name of Corporate Contact (in case of Non-Individual Investors)

Mr./Mrs./Ms.

Relationship with Minor (Please ): � Father � Mother � Court appointed Legal Guardian (Attach proof)

Designation (In case of corporate contact) PAN KYC# compliant (Please ) � (Refer instruction no. 3(d) of the Application Form) # Please submit the duly filled KYC Application Form and supporting documents for all Applicants / POA holders / Guardians (as applicable) who are not KYC compliant.

SWP from Goldman Sachs India Equity Fund (GSIEF)

Option: � Growth � Dividend Dividend Option: � Payout � Reinvestment

STP/SWP Frequency: Monthly

Date: � 1st � 15th

Default STP/SWP Date: 15th

STP/SWP Options

Amount per installment `*

Period of Enrolment** From To

*Subject to minimum of ` 1000/- and in multiples of ` 1/- thereafter. ** Minimum 12 installments.

3. SYSTEMATIC WITHDRAWAL PLAN (SWP) (please the relevant Scheme, Option and Date)

M M Y Y Y Y M M Y Y Y Y

Transfer FromScheme: Goldman Sachs India Equity Fund (GSIEF)

Plan: � Direct Plan � Distributor Plan

Option: � Growth � Dividend

Dividend option: � Payout � Reinvestment

Transfer ToScheme

Plan: � Direct Plan � Distributor PlanOption: � Growth � DividendDividend option: � Payout � Reinvestment Only for GSSTF: Dividend Option: � Daily Reinvestment � Weekly ReinvestmentDefault Option: Growth Default Dividend Option: Dividend Reinvestment (Weekly Reinvestment for GSSTF)

2. SYSTEMATIC TRANSFER PLAN (STP) (please the relevant Scheme, Option and Date)

“I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this is an “execution-only” transaction without any interaction or advice by the employee/relationship manager/sales person of the above distributor or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor and the distributor has not charged any advisory fees on this transaction”.

Broker/Distributor Name*: ARN: Sub-Broker Name & Code Registrar Serial No.

Employee Name & EUIN:

*If not routed through a broker/Distributor, will be captured as DIRECT.

welcome

Typewritten text


welcome

Typewritten text

47791

COMMON INSTRUCTIONS FOR STP/SWP

COMMON INSTRUCTIONS FOR STP/SWP

1. Unit holders are advised to read the Scheme Information Document (“SID”), Statement of Additional Information (“SAI”) and Key Information Memorandum (“KIM”), (collectively the “Offering Documents”) of the respective Scheme(s) / Options and the Important Declarations in these Instructions carefully before filling this form.

2. Please note that Units held in demat form and Units marked under lien or pledge will not be eligible for SWP will not be eligible for STP/SWP facility.

3. Investors should ensure to write the word ‘DIRECT’ in the column for ‘Broker/Distributor Name’ in the STP/VTP Enrolment Form in cases where such applications are not routed through any distributor / broker. If the column for ‘Broker/Distributor Name’ is left blank in the STP/VTP Enrolment Form, then the application would be considered as a ‘DIRECT’ application. Any subsequent change / update / removal of broker name, ARN or sub-broker name and code will be based on the written request from the Unit holder and will only be on a prospective basis from the date when the Registrar accepts such written instruction.

4. This SWP enrolment form should be completed in ENGLISH and in BLOCK LETTERS only. Please tick in the appropriate box for relevant options wherever applicable. Please do not overwrite. For any correction / changes (if any) made on the application form, the sole/all applicants are requested to authenticate the same by canceling and re-writing the correct details and countersigning the same. This enrolment form, complete in all respects, should be submitted at any of the Investor Service Centres (ISCs). Incomplete enrolment form is liable to be rejected.

5. In case the Change of SWP amount / date option is selected ( only for the existing investors) , the existing SWP will automatically get cancelled.

6. New Investors who wish to enroll for STP/VTP are requested to fill the Application Form in addition to the STP/SWP Enrolment Form.Existing unit holders should provide their Folio Number. Unit holders’ details and mode of holding (single, jointly, anyone or survivor) will be as per the existing folio number and would prevail over any conflicting information furnished in this form. Unit holders name should match with the details in the existing folio number, failing which the application form is liable to be rejected.

7. The minimum no. of installments for STP/SWP registration are 12 and the minimum amount for each transfer/withdrawal is Rs.1000/- and multiple of Re1/- thereafter for an option of the scheme.

8. Unit holder has an option to select any one of the following SWP withdrawal date i.e. 1st or 15 th 15th will be considered as the Default Date. The transfer/withdrawal will commence from the date mentioned by the Unit Holder in the enrolment form for the STP/SWP facility and a minimum period of 7 days shall be required for registration under SWP.

9. Existing Unit holder may change the STP/SWP amount (but not below the minimum specified) /date by Selecting the “Change in STP/SWP amount/date” option. The existing STP/SWP shall automatically be cancelled if this option is selected.

10. Unit holder can discontinue the STP/AWP facility by submitting the ‘Common Transaction Form’ available on our website www.gsam.in and Investors’ service Centres (ISC) at any of the authorized ISC. to the Registrar at least 15 days prior to the next transfer (STP/VTP) date.

11. Unit holder shall have a minimum balance of Rs. 12,000/- in a particular Option of the Scheme at the time of enrolment of SWP facility.

12. Exit Load: In respect of amount withdrawn under STP/SWP, the Exit Load, if any, applicable to the Scheme/Plan as on the date of allotment of units shall be levied.

13. Bank Account for Payout:

In order to protect the interest of Unit holders from fraudulent encashment of redemption / dividend cheques, SEBI has made it mandatory for investors to provide their bank details viz. name of bank, branch, address, account type and number, etc. to the Mutual Fund. Unit holders should note that redemption / withdrawal proceeds under the SWP will be paid by forwarding a cheque or by directly crediting the Bank Account registered in the Folio ( for existing investors) or as mentioned in the Common Application Form ( for new investors)on the date of each withdrawal.

14. STP/SWP will be automatically terminated if all Units are liquidated or withdrawn from the Transferor Scheme or pledged or upon receipt of intimation of death of the Unit holder.

15. Unit holders should note that they have to maintain minimum balance in an Option of the Scheme. However if after the STP/VTP or anytime during the STP/SWP, balance in the Unit holders’ account falls below the minimum amount as required by SID, the Fund reserves the right to redeem the full amount outstanding in their account.

16. The Trustee reserves the right to change / modify the terms and conditions of SAP.