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August 09, 2026 Listing Department Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East) Dalal Street Mumbai – 400 051 Mumbai – 400 001 Symbol: MEDIASSIST Scrip Code: 544088 Subject: Newspaper Advertisement - Unaudited Financial Results for the quarter ended June 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copies of the newspaper advertisements published on August 09, 2026, in ‘Business Line’ (English Newspaper) and ‘Navshakti’ (Marathi Newspaper) providing extract of unaudited Financial Results of the Company for the quarter ended June 30, 2026. You are requested to take the same on record. Yours faithfully, For Medi Assist Healthcare Services Limited Rashmi B V Company Secretary & Compliance Officer ICSI Membership No. A38729 Encl.: As Above MUMBAI Your Money businessline. portfolio 3 SUNDAY-AUGUST9-2026 Not all themes are tactical bets RETURN REALITY. Two decades of rolling-return data show select thematic and sectoral mutual funds can reward patience, but cyclicality and drawdowns still matter GETTY IMAGES 15-year rolling returns of Dhuraivel Gunasekaran LONG VIEW more than 16 per cent, ahead bl. research bureau of the flexicap category’s 15.3 Structural themes (cid:129) per cent. In contrast, Infra- fared better than For years, thematic mutual structure funds, despite in- cyclicals funds have been viewed as vesting across a broader eco- tactical bets rather than long- (cid:129)Longer horizons system of sectors including term investments. The com- improved historical engineering, cement, capital mon criticism is that their downside outcomes goods, utilities and construc- concentrated portfolios, built Fund selection tion, delivered only around 11 (cid:129) around a single theme, are per cent. matters within strong vulnerable to long stretches Takeaway: The contrast themes of underperformance. Con- suggests that the breadth of sequently, investors are ad- sectors within a theme is not, vised to keep diversified ture remained behind at 3.1 by itself, a reliable guide to its 8 9 funds at the core of their port- per cent. long-term outcome. In- 8 9 f 0 folios and use thematic funds The uneven performance vestors should judge them- f 0 a only as tactical satellite is consistent with the cyclical atic funds by the durability of a e holdings. nature of these sectors. Their their underlying growth e 1 But is concentration itself fortunes are closely tied to drivers rather than simply by 1 d the problem? government capital expendit- the number of sectors they d - Even the Nifty 50, India’s ure, interest-rate cycles, com- hold. - 2 most-tracked benchmark, has modity prices and global eco- 2 6 often been heavily skewed to- nomic conditions, resulting Wider dispersion within concern is valid. The Nifty In- Healthcare stand out in the underwater periods. This 6 b 4 wards a handful of sectors. in long boom-and-bust categories frastructure Index remained analysis. highlights the fact that ex- b 4 e 2 Financials have frequently ac- phases that can test investors’ Even within the strongest below its previous peak for Both generated average tending the investment hori- e 2 - a counted for more than one- patience. themes, outcomes varied. In nearly 14 years. The Nifty rolling returns above flexicap zon alone cannot overcome a - a e third of the index, while IT Takeaway: Not all them- the Consumption category, PSU Bank index required al- over 10-year and 15-year peri- weak or highly cyclical invest- e 4 and energy have dominated atic funds should be treated average 10-year rolling re- most 13 years to recover, ods and also recorded ment theme. 4 3 during different market alike. Themes supported by turns ranged from roughly 13 while the Nifty PSE, Com- stronger historical minimum In this sample, themes 3 c phases. long-term structural growth per cent to 18 per cent among modities and Energy indices returns. linked to longer-term trends c d The key question is have historically produced schemes. Within Technology, each spent around nine years Consumption also per- such as digitalisation, rising d whether concentration ne- stronger outcomes in this the range was 15 per cent to underwater. formed well, beating flexicap healthcare spending and con- cessarily leads to weaker sample. In contrast, macro- 18 per cent. Takeaway: Such long on average over 10 years and sumption generally produced long-term returns. sensitive sectors remain Takeaway:Investors must drawdowns create a major be- remaining broadly in line stronger long-term out- Abl.portfolioanalysis of 10- more cyclical and can require evaluate individual funds havioural challenge for them- over 15 years. MNC funds, comes, whereas sectors de- year and 15-year rolling re- careful timing and a higher based on the consistency of atic investors. Prolonged meanwhile, recorded pendent heavily on capital ex- turns using two decades of risk tolerance. their rolling returns, sector periods without regaining a stronger historical minimum penditure, commodity prices NAV data suggests that it weights within the theme and previous peak can push in- returns, although their aver- or economic cycles produced need not. Longer horizons their ability to navigate inev- vestors to abandon a theme age 15-year return was more uneven results. The flexi-cap category, improved downside itable downcycles. before a subsequent recovery. slightly below that of flexicap For investors, the implica- which represents diversified outcomes Time does not automatically funds. tion is more nuanced than active equity funds, delivered The downside narrowed Prolonged drawdowns heal every thematic draw- At the same time, the study simply treating all thematic aworst-case (minimum) 10- meaningfully as the invest- Beyond average returns, the down. Investors should be reinforces that not all themes funds as tactical bets. Care- year rolling return of 3 per ment horizon increased. length of time an index re- particularly wary of themes are created equal. Infrastruc- fully selected structural cent and a minimum 15-year Across almost every category, mains below its previous peak whose historical recovery ture and Commodities lagged themes can serve as long- rolling return of 4 per cent. the worst historical outcome is a crucial consideration for periods have stretched into a flexicap funds on average re- term satellite holdings along- Surprisingly, eight of the 10 improved substantially when long-term investors. This re- decade or more. turns over both horizons. En- side a diversified core. thematic categories recorded the holding period was exten- flects one of the biggest risks ergy & Power, which was out- But the data does not make a higher minimum 10-year ded from 10 years to 15 years. associated with thematic in- CONCLUSION side the core 10-category a case for replacing diversi- rolling return than the flexi- Technology illustrates this vesting: remaining below a The conventional perception comparison, also lagged flex- fied funds with thematic bets; cap category. When the in- well. The lowest 10-year previous peak for years. that thematic funds are un- icap on average. it shows that the quality and vestment horizon was exten- rolling return was 4.3 per An underwater analysis of suitable for long-term invest- These themes also fea- durability of the underlying ded to 15 years, nine of the 10 cent. The minimum 15-year major sectoral and thematic ing deserves a rethink. tured among indices with theme matter as much as con- categories recorded a higher rolling return was much indices confirms that this Technology and Pharma & some of the longest historical centration itself. minimum return on this higher at 10.8 per cent. downside measure. The same trend is visible across Infrastructure, Bank- HOW WE STUDIED? ing, Consumption, MNC, Op- We [Showing first 8,000 characters — download PDF for full document]