Diabetic retinopathy (DR) is the most common form of diabetic eye disease. Retinopathy can affect all diabetic patients and becomes particularly dangerous, increasing the risk of blindness, if it is left untreated. The success rate of its curability solemnly depends on diagnosis at an early stage. The development of automated computer aided disease diagnosis tools could help in faster detection of symptoms with a wider reach and reasonable cost. This paper proposes a method for the automated segmentation of retinal lesions and optic disk in fundus images using a deep fully convolutional neural network for semantic segmentation. This trainable segmentation pipeline consists of an encoder network, a corresponding decoder network followed by pixel-wise classification to segment microaneurysms, hemorrhages, hard exudates, soft exudates, optic disk from background. The network was trained using Binary cross entropy criterion with Sigmoid as the last layer, while during an additional SoftMax layer was used for boosting response of single class. The performance of the proposed method is evaluated using sensitivity, positive prediction value (PPV) and accuracy as the metrices. Further, the position of the Optic disk is localised using the segmented output map.