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1 N o v e m b e r 2 9 World s Best Performing Equity Fund Ranked by Lipper for 13 year performance Ranked no.1 out of 36 schemes in Equity funds category as per Lipper global fund data. Ranking based on annualised return for 13 yr period from 3 Sept 96 to 3 Sept 9. Data Source: Lipper,a Thomson Reuters Co. ( Past performance is no guarantee of future results. Tax Relief 96 An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years Ranked No.1 equity fund in the world for its13 year performance by Lipper - a global mutual fund rating and analysis agency Helps you save taxes and create wealth For Lipper World Ranks for 1yr, 5yrs, 1 yrs & 13 yrs Time Periods ended Sept '9 and Lipper Ranking Methodology and Disclaimer refer page no.49 Past performance is no guarantee of future results. 4 fund houses were eligible out of a universe of 26. Period: 4 quarterly CPRs in fund houses were eligible out of a universe of 27. Period: 4 quarterly CPRs in 28. For award methodology and further details refer page 49. Call (toll-free) Visit sms GAIN to Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information / Scheme Information Document carefully before investing.

2 N o v e m b e r 2 9 Asset Allocation Guide Asset Allocation guide: This Asset Allocation guide helps you decide your broad allocation to equities at different market levels. The adjustment as per the recommended asset allocation may be done on a six monthly basis or whenever you review your portfolio. How it works? Lets see how it will help you in your wealth creation goals with the help of an illustration below. Assuming you are an Aggressive investor lets see how the allocation guide will work Asset Allocation Guide Expensive Mar-91 Sep-91 Mar-92 Sep-92 Mar-93 Sep-93 Mar-94 Sep-94 Mar-95 Sep-95 Mar-96 Sep-96 Mar-97 Sep-97 Mar-98 Sep-98 Mar-99 Sep-99 Mar- Sep- Mar-1 Sep-1 Mar-2 Sep-2 Mar-3 Sep-3 Mar-4 Sep-4 Mar-5 Sep-5 Mar-6 Sep-6 Mar-7 Sep-7 Mar-8 Sep-8 Mar-9 The graph plots month end values of BSE Sensex since March The Fair price boundaries have been decided by taking P/E of 1.5 & 18.5 as the lower & upper boundaries times the 1 year forward earnings of the Sensex. The values above the fair band has been assumed to be expensive & below the fair band has been assumed to be discounted. This is just a suggested band as per forward earnings estimate and should not be construed as a recommendation to buy or sell securities. Recommended Equity Asset Allocation at different market conditions for different types of investors Aggressive Moderate Conservative Expensive 5%-6% 3%-4% -1% Fair 6%-7% 4%-5% 1%-2% Discounted 7%-8% 5%-6% 2%-3% Fair Discounted Oct-9 Start 6 months 12 months 18 months Fair Market After 6 Months market goes up but still in Fair range % Value in Rs Actual Allocation % Value in Rs Actual Allocation % After 12 Months market goes up to Expensive zone Value in Rs Equity 6% 6, 65% % Debt 4% 4, 35% 42 25% 5148 Total Wealth 1, 119,4 2,592 After 18 Months market lands in Discounted zone Actual Allocation % Value in Rs 35% % ,48 Recommended allocation% Action Bring back allocation as per the suggested grid Value in Rs 6% % ,4 Recommended allocation% Action Reduce allocation to Equity as per the suggested grid Value in Rs 5% % ,592 Recommended allocation% Action Increase allocation to Equity as per thesuggested grid Value in Rs 7% % ,48 Thus, we see that the asset allocation guide helps you Observe discipline in your asset allocation by periodic readjustment as per the suggested grid Buy low and book profits at high levels by increasing /decreasing exposure at different market conditions. The above example is to only demonstrate the working of the mentioned investment strategy. The above strategy actions are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. Any information contained above does not constitute and shall be deemed not to constitute an advice, an offer to sell/purchase or as an invitation to do so for any securities of any entity, and further Asset Management Company Ltd.(BSLAMC) / its subsidiaries/affiliates/sponsors/trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed herein. Recipients of the information contained herein should exercise due care and caution and read the offer documents (including if necessary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. Opinions expressed are not necessarily thoseofbslamcoranyoftheirofficers, employees, personnel, directorsandbslamc. anditsofficers, employees, personnel, directorsdonotacceptresponsibilityforthesame. BSLAMC oranyof itsofficers, employees, personnel, directors make no representation as to the accuracy, completeness or reliability of the content and hereby disclaim any liability with regard to the same. 2

3 N o v e m b e r 2 9 Our Coverage Dalal Street Date - October 11, 29 Navbharat Date - October 31, 29 The Economic Times Date - October 24, 29 The Telegraph Date - October 12,

4 N o v e m b e r 2 9 Outlook Equity Market Name : Mr. Ajay Argal Media, Auto, Pharma, Banking and FMCG delivered significant positive surprises relative to consensus expectations. On the other hand, Infrastructure, Oil & Gas and metals were relative dampeners. Designation : Co-head Equity Asset Management Company The FII flows continued the ongoing trend with net purchases of Rs. 977 Crs during October'9 in contrast with outflows of Rs. 13,461 Crs in same month last year. The twelve month running total of net inflows has risen to Rs. 71,426 Crs which is very close to the all time high for this series at Rs. 79,123 Crs. At the current rate it is only a matter of time when we cross ahead of that benchmark. Ajay Argal has over 16 years of experience in Investments. He joined Birla Sun Life Asset Management Company Ltd in December 25 and has been managing diversified equity funds as well as offshore funds. He manages the large cap fund Top1 Fund as well as the Pure Value Fund, both of which out performed in the tough markets of last year. He has helped India Advantage Fund, the offshore fund at Asset Management Company Ltd build a formidable reputation on the basis of its consistence performance. He also manages the India Excel Fund, whose size has grown more than four fold during his period of management Prior to joining Asset Management Company Ltd he has worked with UTI AMC, where he handled various aspects of the Investments function including equity funds, equity research and equity dealing. He was also managing the Offshore Funds at UTI and was the Head of Offshore Funds. Ajay turned around the performance of India Fund during the period of hiss management to make it one of the best performing India dedicated offshore funds in 25. Also, during the time when Ajay was managing the India IT Fund, it was ranked as the top performing among all technology funds worldwide in 24 by S & P. A B.Tech graduate from IIT Mumbai and a post graduate in Management from IIM Bangalore, he was placed among the top decile in IIM. The Indian equity markets witnessed some correction last month with the benchmark indices the Sensex and the Nifty - giving up 7.2% and 7.3% respectively. The sectors that bore the brunt of investors' apathy included Real Estate, Telecom and Oil & Gas. On the other side, FMCG, Healthcare and Metals were relative gainers. The Jul-Sep quarter earnings scorecard is now out and threw up some surprises. The RBI' Second Quarterly Review of Monetary Policy acknowledged the strong recovery in Industrial growth and highlighted that services and consumer spending is still in recovery mode as lead indicators have picked up. It noted that poor kharif crop may affect the GDP growth. Although the central bank maintained a pro-growth policy stance it stated that it would be ready act swiftly to tame in inflationary developments. Demand Components of GDP Year-on-Year Growth Rate (%) Private Final Consumption Expenditure Government Final Expenditure (-) Gross Fixed Capital Formation Net Exports (-)36.7 (-)41.2 (-)75.9 (-) Private Final Consumption Expenditure Government Final Expenditure Gross Fixed Capital Formation Net Exports (-)4.3 (-)5.8 (-)1.3 (-) Source: Central Statistical Organisation (CSO). Financial Year Q1 Q4 Q Share in GDP (%) Outlook The corrective move has since continued with a total decline of 11.1% and 11.2% from top to the recent low. The stock prices of companies that reported lower than expected earnings have been punished severely by the markets. The obvious question in the minds of equity investors is whether to increase their allocation towards equity markets. Although a bit more correction in the benchmark averages is possible after a solid run up, it is next to impossible to time the exact move in the markets. Already we are picking up selective opportunities thrown up in the current correction. We would suggest investors to be overweight equities with 12-18m perspective through some of our diversified or focus equity funds as it suits their risk palates. Debt Market Positive finish after initial losses Bond markets witnessed another month of wild movements. Earlier in the month, bonds took a heavy beating owing to selling pressure prior the RBI policy meeting. But RBI managed to catch the market again by surprising in its policy, causing a steep rally. The government completed nearly 8% of its net borrowing plan as WPI inflation rate edged up to 1.51% y-o-y. A fine balancing act The RBI played a fine balancing act by not shocking the market with tightening but at the same time signaling a start to a reversal from the existing stance. It did so by hiking the SLR, reducing export credit finance limit to 15% from 5% and withdrawing the special repo window for banks, mutual funds and non-banking finance companies, marking it as the first phase of the exit policy. The hike in the commercial real estate loans' risk weight was however, a fairly strong signal and the hike in WPI inflation projection indicated RBI's concern on that front. Liquidity conditions remained comfortable, with call rates in the 3.2%-3.3% band with RBI absorbing over a trillion rupees for most part of the month. Inflation is the big concern The RBI still considers the trade off between supporting growth and reining in inflation expectations as a 'complex policy challenge', where as the 'curve' is pricing in a convincing withdrawal of monetary accommodation in the coming months. To be sure, the RBI's endeavor will be to neutralize the rates quickly. India has had an average of 6% policy rate (effective overnight funding rate) in the last decade, and in that context the current policy setting looks extremely accommodative. But both the sovereign and OIS curves have already priced in rapid-fire rate hikes in the coming months. Thus we believe that most of the curve points would trade in a range in the coming months, with the 1-year benchmark trading in the 7% -7.6% range. RBI thinks that it's appropriate to sequence the 'exit' in a calibrated way so that while the recovery process is not hampered, inflation expectations remain anchored. The 'exit' process has begun with the closure of some special liquidity support measures, which RBI introduced during liquidity crisis in 28. The conventional policy measures have been left untouched given the uncertainty over recovery process. SLR hike by 1% has come as a positive surprise for Gsec markets and bonds have rallied by more than 1 bps across the curve. We see Gsec yield curve steepening over next few weeks. Recently, there has been some debate on the need to raise HTM limit on the ground that such a relaxation will mitigate the upward pressure on G-Sec yields, and consequently on the overall interest rate regime. But RBI has ruled out any such move given that current HTM limits are higher than SLR of the banks. As Corporate bond repoablity has been on the radar for some time and a formal introduction of the same would ease spreads for 2/3 years bonds. Outlook We think that the best of liquidity is behind us and we will see liquidity drying up in the run up to March. Currently, we have 1k crs excess liquidity, which should dwindle down to less than 5k crs by the end of this financial year. We feel that the money market rates have bottomed out and 6m-1 year rates should continue to move up in the coming months. We see 1-year bond rates hardening by more than 1 bps in the run up to March but the ultra short-term funds would continue to deliver sub 5% returns given that the higher yielding older assets would continue to get re-priced at lower levels. Our Investment Team (In alphabetical order) Achala Kanitkar Research Analyst : Equity Kaustubh Gupta Fund Manager : Fixed Income Prasad Dhonde Fund Manager / Dealer : Fixed Income Ajay Argal Co-Head : Equity Lokesh Mallya Fund Manager /Research Analyst :Fixed Income Sanjay Chawla Fund Manager : Equity Ajay Garg Fund Manager : Equity Mahesh Patil Co-Head : Equity Satyabrata Mohanty Head : Mixed Ankit Sancheti Fund Manager/ Research Analyst : Equity Maneesh Dangi Head : Fixed Income Shaktie Prakash Fund Manager / Dealer : Fixed Income Atul Penkar Fund Manager/ Research Analyst : Equity Merlyn Joseph Research Analyst : Equity Sujit Patki Dealer : Equity Chanchal Khandelwal Research Analyst : Equity Nishit Dholakia Fund Manager : Equity Sunaina Da cunha Fund Manager / Research Analyst : Fixed Income Hemang Dagli Sr. Equity Dealer / Fund Manager Paresh Khandelwal Research Analyst : Equity Vineet Maloo Fund Manager/ Research Analyst : Equity 4 4

5 Savings Cash Plus Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 29 An open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments. Rating Profile Low Fund Manager : Mr. Prasad Dhonde & Ms. Sunaina Da Cunha Managing Fund Since : June 18, 29 Total Experience : 11 years & 6 years Date of inception : June 16, 1997 Nature of the scheme : An Open-ended Liquid Scheme Default option : Appln of less than Rs. 1 cr - Retail Plan - Dividend Reinvestment Appln of equal to or greater than Rs. 1 cr but less than Rs. 5 cr - Institutional Plan - Daily Dividend Reinvestment Appln of equal to or greater than Rs. 5 cr - Institutional Premium Plan - Daily Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 1/- Additional Purchase : Rs. 1/- Institutional Plan Fresh Purchase : Rs. 1 Crore Additional Purchase : Rs. 1 Lac Institutional Premium Plan Fresh Purchase : Rs. 5 Crore Additional Purchase : Rs. 1 Lac For Discipline Advantage : The sum of transfer amounts as ++ Plan per the frequency opted or Rs. 1,/- whichever is greater. Redemption Cheques : Within 1 working days Systematic Investment : Not Available Plans / Options & NAV (As on October 31, 29) Retail Plan Growth : Daily Dividend : (Reinvestment) Institutional Plan Growth : Daily Dividend : (Reinvestment) Fortnightly Dividend : (Payout & Reinvestment) Weekly Dividend : (Payout & Reinvestment) Institutional Premium Plan Growth : Daily Dividend : 1.2 (Payout & Reinvestment) Fortnightly Dividend : 1. (Payout & Reinvestment) Weekly Dividend : 1.23 (Payout & Reinvestment) Monthly Dividend : 1.5 (Payout & Reinvestment) Discipline Advantage plan : (w.e.f June 22, 29) Cash Plus - Retail - Growth 1.33 Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Rating Money Market Instruments Export-Import Bank of India P1+ National Housing Bank A1+ Reliance Industries Ltd P1+ State Bank of Patiala 1.5 P1+ Small Industries Development Bank of India 8.43 PR1+ NABARD 8.43 P1+ IDBI Bank Ltd P1+ Kotak Mahindra Bank Ltd. 5.7 P1+ Punjab and Sind Bank 4.22 A1+ Bank Of Baroda 2.6 P1+ Oriental Bank Of Commerce 1.53 P1+ United Bank Of India 1.27 P1+ Andhra Bank 1.17 F1+ HDFC Ltd. 1.7 A1+ Union Bank of India.84 P1+ Barclays Bank.59 P1+ IDFC Ltd..58 A1+ Punjab National Bank.47 F1+ Punjab National Bank.42 PR1+ Axis Bank Ltd..37 P1+ State Bank of Travancore.25 P1+ Allahabad Bank.18 P1+ IDBI Bank LTD..9 A days 1 Month 3 Months Since Inception CRISIL Liquid Fund Index Rating State Bank of Bikaner and Jaipur.8 A1+ Indian Bank.3 F1+ Securitised Debt Indian Railway Finance Corporation Ltd.** 7.24 F1+(SO) Vodafone Essar Digilink Ltd.** 3.36 F1+(SO) Vodafone Essar Cellular Ltd.** 2.14 F1+(SO) Treasury Bills Days T-Bill 27 Nov Sovereign 182 Days T-Bill 13 Nov Sovereign Floating Rate Instruments 2.6 LIC Housing Finance Ltd. 1.3 AAA Axis Bank Ltd..67 LAA+ ICICI Bank Ltd..56 AAA Union Bank of India.8 AA+ Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities.total Percentage of thinly/non traded securities is % % AAA Sovereign AA.75% 9.42% Cash & Current % Benchmark : CRISIL Liquid Fund Index Average AUM : Rs. 7, Crores Load Structure Exit Load : Nil Average Maturity :.23 Years Yield to Maturity : 4.1% (for Debt Component) Mark to Market : - Standard Deviation Retail Plan :.46% Institutional Plan :.49% Institutional Premium Plan :.48% CRISIL~CPR 2^^ Cash Plus - Institutional Premium Plan Debt: Ultra Short Term Institutional (18 Schemes), 1yr ended 3-Sept-9 CRISIL~CPR 2^^ Cash Plus - Retail Plan Consistent CPR Performer - Liquid (16 Schemes), 5 Yrs ended 3-Sept-9 Value Research Rating Cash Plus - Institutional Premium Plan Debt: Ultra Short Term Institutional (45 Schemes), 18 months & 3 years ended 31-Oct-9 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer ++ For further details on the Discipline Advantage Plan please refer to addendum dated June 18, 29 & July 16, 29 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 +The grading has been assigned by ICRA and indicates highest quality. The investment quality is similar to that of fixed income obligations of highest safety and with maturity corresponding upto 1 year. This grading should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. 5

6 Savings Cash Manager Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 29 An open-ended liquid scheme with the objective to provide current income which is consistent with a portfolio that offers investors superior liquidity by investing 1% in a diversified portfolio of debt (Fixed Income) and money market securities. Rating Profile Low Fund Manager : Mr. Prasad Dhonde & Ms. Sunaina Da Cunha Managing Fund Since : June 18, 29 Total Experience : 11 years & 6 years Date of inception : May 14, 1998 Nature of the scheme : An Open-ended Liquid Scheme Default option : Appln of less than Rs. 1 cr - Weekly Dividend Reinvestment. Appln of equal to or greater than Rs. 1 cr - Institutional Plan - Daily Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 1/- Additional Purchase : Rs. 1/- Institutional Plan Fresh Purchase : Rs. 1 Crore Additional Purchase : Rs. 1 Lac Redemption Cheques : Within 1 working days Systematic Investment : Not Available Cash Manager-Growth CRISIL Liquid Fund Index Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Rating Treasury Bills Days T-Bill 6 Dec Sovereign 364 Days T-Bill 2 Nov Sovereign Money Market Instruments Bank of Baroda 9.3 P1+ Syndicate Bank 9.2 PR1+ State Bank of Hyderabad 8.83 A1+ United Bank of India 7.3 P1+ IDBI Bank Ltd. 5.4 P days 1 Month 3 Months Since Inception Sovereign -3.2% AAA Cash & Current Rating State Bank of Mysore 5. A1+ The Jammu And Kashmir Bank Ltd P1+ Export-Import Bank of India.2 A1+ Cash & Current -3.2 Total Net % 55.46% Plans / Options & NAV (As on October 31, 29) Retail Plan Growth : Weekly Dividend : 1.5 (Reinvestment) Institutional Plan Growth : Daily Dividend : 1.39 (Reinvestment) Weekly Dividend : 1.54 (Reinvestment) Benchmark : CRISIL Liquid Fund Index Average AUM : Rs Crores Load Structure Exit Load : Nil Average Maturity :.9 Years Yield to Maturity : 4.25% (for Debt Component) Mark to Market : - Standard Deviation Retail Plan :.5% Institutional Plan :.48% CRISIL~CPR 2^^ Cash Manager - Institutional Plan Debt: Ultra Short Term Institutional (13 Schemes), 1yr ended 3-Sept-9 Value Research Rating Cash Manager - Retail Plan Debt: Ultra Short Term (4 Schemes), 18 months & 3 years ended 31-Oct-9 Value Research Rating Cash Manager - Institutional Plan Debt: Ultra Short Term Institutional (45 Schemes), 18 months & 3 years ended 31-Oct-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer 6

7 Savings Savings Fund Credit Quality High Med Low Interest Rate Sensitivity High Low As on October 31, 29 The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will undernormal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. 12 Rating Profile Fund Manager : Mr. Maneesh Dangi Managing Fund Since : June 18, 29 Total Experience : 9 years Date of inception Retail Plan : November 27, 21 Institutional Plan : April 16, 23 Nature of the scheme : An Open-ended Short Term Income Scheme Default option : Appln of less than Rs. 1 cr - Retail Plan - Weekly Dividend Reinvestment Appln of equal to or greater than Rs. 1 cr - Institutional Plan - Daily Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 1/- Additional Purchase : Rs. 1/- Institutional Plan Fresh Purchase : Rs. 1 Crore Additional Purchase : Rs. 1 Lac For Discipline Advantage : The sum of transfer amounts as ++ Plan per the frequency opted or Rs. 1,/- whichever is greater. Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Retail Plan Growth : Daily Dividend : 1.81 (Reinvestment) Weekly Dividend : 1.94 (Payout & Reinvestment) Fortnightly Dividend : (Payout & Reinvestment) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Institutional Plan Growth : Daily Dividend : 1.82 (Reinvestment) Weekly Dividend : 1.17 (Payout & Reinvestment) Fortnightly Dividend : (Payout & Reinvestment) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Discipline Advantage Plan : (w.e.f June 22, 29) ++ Benchmark : CRISIL Short-Term Bond Fund Index Average AUM : Rs. 32, Crores Load Structure (Incl. for SIP) Exit Load : Nil Average Maturity :.32 Years Yield to Maturity : 5.% (for Debt Component) Mark to Market : 3% Standard Deviation Retail Plan :.52% Institutional Plan :.5% Savings Fund - Retail Growth CRISIL Short-Term Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1year&CAGRforperiod1yearormore.When benchmarkreturns are notavailable, they have notbeen shown. Rating Money Market Instruments ICICI Bank Ltd A1+ Punjab National Bank 5.89 PR1+ Reliance Industries Ltd P1+ State Bank of Hyderabad 2.18 A1+ Canara Bank 1.76 P1+ State Bank of Travancore 1.75 P1+ State Bank of Mysore 1.5 A1+ State Bank of Patiala 1.44 P1+ Oriental Bank of Commerce 1.33 P1+ IDBI Bank Ltd A1+ Reliance Capital Ltd A1+ ONGC Videsh Ltd P1+(SO) Standard Chartered Bank 1.14 P1+ Central Bank of India 1.12 A1+ Corporation Bank 1.4 P1+ UCO Bank.9 P1+ ING Vysya Bank Ltd..88 P1+ National Housing Bank.84 A1+ The Jammu And Kashmir Bank Ltd..76 P1+ IDBI Bank Ltd..7 P1+ Union Bank of India.68 P1+ Syndicate Bank.64 PR1+ Reliance Communication Ltd..62 A1+ Export-Import Bank of India.61 A1+ HDFC Ltd..6 A1+ State Bank of Patiala.53 A1+ Federal Bank Ltd..49 P1+ Andhra Bank.43 F1+ Allahabad Bank.42 A1+ Vijaya Bank.4 PR1+ State Bank of Indore.4 P1+ Yes Bank Ltd..4 A1+ State Bank of Hyderabad.4 P1+ Canara Bank.39 A1+ Indian Oil Corporation Ltd..39 P1+ LIC Housing Finance Ltd..36 P1+ Kotak Mahindra Prime Ltd..33 P1+ Small Industries Development Bank of India.33 A1+ Rural Electrification Corporation Ltd..29 PR1+ Tata Motors Ltd..27 A1 Dena Bank.27 P1+ Reliance Communication Ltd..26 PR1+ United Bank of India.2 P1+ State Bank of Bikaner and Jaipur.2 P1+ L&T Finance Ltd..2 PR1+ Punjab National Bank.16 F1+ IDFC Ltd..15 A1+ Small Industries Development Bank of India.14 P1+ Bank of Baroda.14 P1+ L&T Infrastructure Finance Company Ltd..13 A1+ Indian Bank.13 F1+ Bank of Baroda.12 A1+ IndusInd Bank Ltd..7 P1+ Punjab and Sind Bank.7 A1+ Export-Import Bank of India.5 P1+ Allahabad Bank.4 P1+ State Bank of Travancore.4 A1+ State Bank of Bikaner and Jaipur.3 A1+ Cash & Current Sovereign Rating Bajaj Auto Finance Ltd..3 P1+ Treasury Bills Days T-Bill 29Jan Sovereign 91 Days T-Bill 31DEC Sovereign 91 Days T-Bill 18DEC Sovereign 182 Days T-Bill 3Apr1.79 Sovereign 364 Days T-BILL 18Dec9.48 Sovereign 91 Days T-BILL 6Dec9.8 Sovereign Securitised Debt 4.21 National Housing Bank ** 1.37 A1+(SO) Indian Oil Corporation Ltd. ** 1.24 A1+(SO) Indian Oil Corporation Ltd. ** 1.23 F1+(SO) Tata Capital Ltd. **.27 AA+(SO) Power Finance Corporation Ltd. **.9 AAA(SO) NTPC Ltd. **.1 AAA(SO) Indian Retail Absolute Trust ** AAA(SO) Floating Rate Instruments 3.86 Housing Development Finance Corporation Ltd. 1.6 AAA Sterlite Industries (India) Ltd..55 P1+ Housing Development Finance Corporation Ltd..45 LAAA TATA Steel Ltd..4 AA UltraTech Cement Ltd..4 AAA CitiFinancial Consumer Finance India Ltd..27 AA Tata Sons Ltd..25 AAA Infrastructure Development Finance Company Ltd..21 LAA+ Indian Railway Finance Corporation Ltd..13 AAA Power Finance Corporation Ltd..8 AAA ICICI Bank Ltd..6 AAA Corporate Debt 1.41 LIC Housing Finance Ltd. **.36 AAA Housing Development Finance Corporation Ltd. **.29 AAA Housing Development Finance Corporation Ltd. **.25 AAA CitiFinancial Consumer Finance India Ltd. **.22 AA ICICI Home Finance Company Ltd. **.1 LAAA Tata Sons Ltd. **.8 AAA Kotak Mahindra Prime Ltd. **.7 P1+ GE Capital Services India **.3 AAA Kotak Mahindra Prime Ltd. **.1 LAA IDFC Ltd. ** AA+ Government Bond % CGL Sovereign 5.87% CGL 21.1 Sovereign PSU/PFI Bonds/Banks.13 IDBI Bank Ltd. **.7 AA+ NABARD **.3 AAA Rural Electrification Corporation Ltd. **.2 AAA Power Finance Corporation Ltd. **.2 AAA Cash & Current 28.7 Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities.total Percentage of thinly/non traded securities is 5.75 %. Indicates less than.1 AAA AA 1.45% 12.69% 28.7% 57.79% CRISIL~CPR 2^^ Savings Fund - Retail Plan Ultra Short Term Debt Scheme (33 Schemes), 1yr ended 5-Star Award by ICRA Savings Fund - Institutional Plan Open Ended Liquid Plus - Institutional Plan (34 Schemes), 1 year ended 31-Dec-8 CRISIL~CPR 2^^ Savings Fund - Institutional Plan Ultra Short Term Debt Scheme - Institutional (2 Schemes), 1yr ended 3-Sept-9 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer ++ For further details on the Discipline Advantage Plan please refer to addendum dated June 18, 29 & July 16, 29 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 7

8 Savings Short Term Fund Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 29 An open-ended short term income scheme with the objective to generate income and capital appreciation by investing 1% of the corpus in a diversified portfolio of debt and money market securities with relatively low levels of interest rate risk. Low 12 Rating Profile Fund Manager : Mr. Kaustubh Gupta & Mr. Lokesh Mallya Managing Fund Since : September 29, 29 Total Experience : 5 years & 4 years Date of inception : April 19, 22 Nature of the scheme : An Open-ended Short Term Income Scheme Default option : Appln of less than Rs. 2 cr - Retail Plan - Fortnightly Dividend Reinvestment Appln of equal to or greater than Rs. 2 cr - Institutional Plan - Fortnightly Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 1/- Additional Purchase : Rs. 1/- Institutional Plan Fresh Purchase : Rs. 2 Crore Additional Purchase : Rs. 1/- For Discipline Advantage : The sum of transfer amounts as ++ Plan per the frequency opted or Rs. 1,/- whichever is greater. Redemption Cheques : Within 1 working days SIP : Available SWP : Available STP : Available Plans / Options & NAV (As on October 31, 29) Retail Plan Growth : Daily Dividend : 1.65 (Reinvestment) Fortnightly Dividend : 1.25 (Payout & Reinvestment) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Institutional Plan Growth : Daily Dividend : 1.67 (Reinvestment) Fortnightly Dividend : (Payout & Reinvestment) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Discipline Advantage Plan : (w.e.f June 22, 29) Short Term Fund - Retail Plan - Growth CRISIL Short-Term Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Money Market Instruments 49.4 Punjab National Bank 8.59 PR1+ Corporation Bank 6.67 P1+ Canara Bank 5.68 P1+ State Bank of Travancore 4.96 P1+ Vijaya Bank 4.18 PR1+ State Bank of Hyderabad 3.19 A1+ Syndicate Bank 2.83 PR1+ Allahabad Bank 2.77 P1+ State Bank of Travancore 1.82 A1+ United Bank of India 1.44 P1+ IDBI Bank Ltd A1+ State Bank of Mysore 1.42 A AAA Cash & Current Sovereign 13.51% 37.8% Rating Allahabad Bank 1.41 A1+ Bank of India 1.4 P1+ Andhra Bank.86 F1+ State Bank of Patiala.71 P1+ Oriental Bank of Commerce.3 P1+ Treasury Bills DAYS T-Bill 13 Nov Sovereign Cash & Current 37.8 Total Net % Benchmark : CRISIL Short-Term Bond Fund Index Average AUM : Rs. 3, Crores Load Structure (Incl. for SIP) Exit Load : Nil Average Maturity :.19 Years Yield to Maturity : 4.75% (for Debt Component) Mark to Market : - Standard Deviation :.49% Value Research Rating Short Term Fund - Retail Plan Debt: Short Term (19 Schemes), 18 months & 3 years ended 31-Oct-9 CRISIL~CPR 1^^ Short Term Fund - Retail Plan Debt: Short Term Schemes (24 Schemes), 1 Yr ended 3-Sept-9 && CNBC TV-18 CRISIL AWARD 28 Short Term Fund - Retail Category: Income Short Term Funds 1 Yr Performance ended Dec 31, 8. Total Schemes in Category = 15 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. ++ For further details on the Discipline Advantage Plan please refer to addendum dated June 18, 29 & July 16, 29. 8

9 Savings Dynamic Bond Fund Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 29 An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments. Low Fund Manager : Mr. Maneesh Dangi Managing Fund Since : June 18, 29 Total Experience : 9 years Date of inception : September 27, 24 Nature of the scheme : An Open-ended Income Scheme AAA AA Cash & Current 2.14% 14.15% Rating Profile 83.9% Default option : Quarterly Dividend Reinvestment Retail Monthly Dividend Sweep Option Fresh Purchase : Rs. 5 lacs Additional Purchase : Rs. 1/- For Other Option Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- For Discipline Advantage : The sum of transfer amounts as ++ Plan per the frequency opted or Rs. 1,/- whichever is greater. Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Retail Growth : Retail Quarterly Dividend : (Payout, Reinvestment & Sweep Option) Retail Monthly Dividend : (Payout, Reinvestment & Sweep Option) Retail Monthly Dividend sweep option also available (w.e.f Jan 12, 29) Discipline Advantage Plan : (w.e.f Mar 3, 29) Benchmark : CRISIL Composite Bond Fund Index Average AUM : Rs. 4, Crores Load Structure (Incl. for SIP) Exit Load** : For redemption/switch-out of units within 18 days from the date of :.5% of applicable NAV. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. DBF - Retail - Growth Crisil Composite Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Money Market Instruments Central Bank of India 7.8 A1+ IDBI Bank Ltd A1+ Reliance Communications Ltd PR1+ UCO Bank 3.74 P1+ Corporation Bank 3.72 P1+ Syndicate Bank 3.52 PR1+ State Bank of Hyderabad 2.76 A1+ State Bank of Bikaner and Jaipur 2.33 P1+ ICICI Bank Ltd A1+ Punjab and Sind Bank 1.43 P1+ State Bank of Travancore 1.33 P1+ Canara Bank.9 P1+ State Bank of Patiala.77 P1+ Bank of India.48 P1+ Allahabad Bank.39 A1+ Oriental Bank of Commerce.7 P1+ Allahabad Bank.4 P1+ Corporate Debt Housing Development Finance Corporation Ltd.** 6.2 AAA Housing Development Finance Corporation Ltd.** 5.84 AAA Tata Sons Ltd.** 5.1 AAA LIC Housing Finance Ltd.** 3.83 AAA Sundaram Finance Ltd.** 2.65 AA+ Sundaram Finance Ltd.** 1.97 LAA+ GE Capital Services India** 1.85 AAA Mahindra & Mahindra Financial Services Ltd.** 1.73 AA Reliance Industries Ltd.** 1.46 AAA Tata Capital Ltd.** 1.44 LAA+ Sovereign Rating Kotak Mahindra Prime Ltd.** 1.4 AA Tata Motors Ltd.** 1.29 AAA(SO) Tata Capital Ltd.**.96 AA+ Bajaj Auto Finance Ltd.**.96 AA+ Bajaj Auto Finance Ltd.**.52 LAA+ Kotak Mahindra Prime Ltd.**.5 LAA Mahindra & Mahindra Financial Services Ltd.**.37 AA IDFC Ltd.**.6 AA+ PSU/PFI Bonds/Banks National Housing Bank** 4.33 AAA Power Finance Corporation Ltd.** 3.19 AAA IDBI Bank Ltd.** 1.5 AA+ Indian Oil Corporation Ltd.** 1.44 AAA NABARD** 1.4 AAA Indian Railway Finance Corporation Ltd.**.31 AAA Rural Electrification Corporation Ltd.**.3 AAA NHPC Ltd.**.1 AA+ Indian Railway Finance Corporation Ltd.**.3 AAA Securitised Debt 4.36 Power Finance Corporation Ltd.** 4.36 AAA(SO) Treasury Bills Days T-Bill 6 Dec 9.62 Sovereign Cash & Current 2.14 Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 54.7 %.62% OtherParameter Average Maturity : 1. Years Modified Duration :.75 Years Yield to Maturity : 7.4% (for Debt Component) Mark to Market : 51% Standard Deviation : 7-Star Award by ICRA Dynamic Bond Fund Open Ended Debt - Short Term (17 Schemes), 1 year ended 31-Dec-8 Value Research Rating Dynamic Bond Fund Debt: Medium Term (38 Schemes), 18 months & 3 years ended 31-Oct-9 CRISIL~CPR 2^^ Dynamic Bond Fund Debt: Short Schemes (24 Schemes), 2 Yrs ended 3-Sept-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. ++ For further details on the Discipline Advantage Plan please refer to addendum dated March 2, 29 & July 16, 29. 9

10 Savings Medium Term Plan Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 29 The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unitholders & secondary objective is growth of capital. Low Rating Profile AAA 84.56% Fund Manager : Mr. Maneesh Dangi & Mr. Kaustubh Gupta Managing Fund Since : June 25, 29 Total Experience : 9 years & 5 years Date of inception : March 25, 29 Nature of the scheme : An Open-ended Income Scheme 2 1 Since Inception Cash & Current 15.44% Default option : Default Plan Retail Default Option Growth Default Facility Fortnightly Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- For Institutional Plan Fresh Purchase : Rs. 1 Crore Additional Purchase : Rs. 1,/- Redemption Cheques : Within 1 working days Systematic Withdrawal : Not Available Plans / Options & NAV (As on October 31, 29) Retail Plan Weekly Dividend : 1.42 Fortnightly Dividend : Monthly Dividend : (Payout, Reinvestment & Sweep Option) Quarterly Dividend : (Payout, Reinvestment & Sweep Option) Growth : Institutional Plan Weekly Dividend : Fortnightly Dividend : Monthly Dividend : (Payout, Reinvestment & Sweep Option) Quarterly Dividend : 1. (Payout, Reinvestment & Sweep Option) Growth : 1.35 Medium Term Plan - Retail - Growth Crisil Short Term Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year Rating Money Market Instruments Syndicate Bank 9.48 PR1+ State Bank of Travancore 9.32 P1+ State Bank of Hyderabad 9.29 A1+ Federal Bank Ltd P1+ ING Vysya Bank Ltd P1+ State Bank of Mysore 5.59 A1+ PSU/PFI Bonds/Banks Indian Railway Finance Corporation Ltd.** AAA Rating Power Finance Corporation Ltd.** AAA National Bank for Agriculture & Rural Development** 3.31 AAA Rural Electrification Corporation Ltd.** 3.13 AAA Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is % Benchmark : CRISIL Short Term Bond Fund Index Average AUM : Rs Crores Load Structure (Incl. for SIP) Exit Load : Nil 1

11 Savings Income Plus Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 29 An open-ended income scheme with the objective to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. Rating Profile Low Fund Manager : Mr. Maneesh Dangi Managing Fund Since : June 18, 29 Total Experience : 9 years Date of inception : October 21, 1995 Nature of the scheme : An Open-ended Income Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- For Discipline Advantage : The sum of transfer amounts as ++ Plan per the frequency opted or Rs. 1,/- whichever is greater. Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Growth : Dividend : (Payout & Reinvestment) Discipline Advantage Plan : w.e.f Mar 4,29 Benchmark : CRISIL Composite Bond Fund Index Average AUM : Rs. 1, Crores Load Structure (Incl. for SIP) Exit Load** :.25% if redeemed / switched out within 7 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment Income Plus Growth CRISIL Composite Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year&cagrfor period 1 yearormore.whenbenchmark returns arenot available, they have not been shown. Rating Government Bond % CGL Sovereign 6.35% CGL Sovereign 6.49% CGL Sovereign 7.99% CGL Sovereign 8.2% CGL Sovereign 7.49% CGL Sovereign 8.28% Govt Stock Sovereign 8.24% CGL Sovereign PSU/PFI Bonds/Banks NABARD** 7.61 AAA Power Grid Corporation of India Ltd.** 4.88 AAA State Bank of India**.95 AAA Indian Railway Finance Corporation Ltd.**.52 AAA Sovereign Cash & Current Rating Export-Import Bank of India**.49 AAA IDBI Bank Ltd.**.41 AA+ Rural Electrification Corporation Ltd.**.4 AAA ICICI Bank Ltd.**.31 AAA Indian Railway Finance Corporation Ltd.**.31 AAA Corporate Debt 1.17 Reliance Gas Transpotation Infrastructure Ltd.** 1.7 AAA Infrastructure Leasing & Financial Services Ltd.**.1 LAAA(So) Cash & Current 1.21 Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 17.5 %. AAA AA.41% 1.21% 16.64% 72.74% Average Maturity : 7.8 Years Modified Duration : 6. Years (for Debt Component) Yield to Maturity : 7.4% (for Debt Component) Mark to Market : 89% Standard Deviation : 18.7% CRISIL~CPR 2^^ Income Plus Income Scheme (25 Schemes), 2 Yrs ended 3-Sept-9 CRISIL~CPR 1^^ Income Plus Consistent CPR Performer-Debt (13 Schemes), 5 Yrs ended 5-Star Award by ICRA Income Plus Open Ended Debt - Long Term (21 Schemes), 3 year ended 31-Dec-8 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer ++ For further details on the Discipline Advantage Plan please refer to addendum dated March 3, 29, March 8, 29 & July 16, 29 11

12 Savings Income Fund Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 29 An open-ended income scheme with the objective to generate income and capital appreciation by investing 1% of the corpus in a diversified portfolio of debt and money market securities. Rating Profile Low Fund Manager : Mr. Maneesh Dangi Managing Fund Since : June 18, 29 Total Experience : 9 years Date of inception : March 3, 1997 Nature of the scheme : An Open-ended Income Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- For Discipline Advantage : The sum of transfer amounts as ++ Plan per the frequency opted or Rs. 1,/- whichever is greater. Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Growth : Quarterly Dividend : (Payout, Reinvestment & Sweep Option) Half Yearly Dividend : (Payout, Reinvestment & Sweep Option) 54 EA Growth : EA Dividend : EB Growth : EB Dividend : Discipline Advantage Plan : w.e.f Mar 4, Rating Government Bond % CGL Sovereign 6.9% CGL Sovereign 6.49% CGL Sovereign 6.35% CGL Sovereign 7.35% CGL Sovereign 6.5% CGL 219 Feb.7 Sovereign PSU/PFI Bonds/Banks Income Fund Growth CRISIL Composite Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. NABARD** 6.1 AAA Sovereign Cash & Current Rating Corporate Debt 1.8 Reliance Gas Transpotation Infrastructure Ltd.** 1.8 AAA Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities.total Percentage of thinly/non traded securities is 7.18%. AAA 7.19% 24.84% 67.97% Benchmark : CRISIL Composite Bond Fund Index Average AUM : Rs Crores Load Structure (Incl. for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 6.2 Years Modified Duration : 5. Years (for Debt Component) Yield to Maturity : 7.% (for Debt Component) Mark to Market : 74% Standard Deviation Retail Plan : 17.59% 54 EA Growth : 17.59% 54 EB Growth : 17.59% && CNBC TV-18 CRISIL AWARD 28 Income Fund - Growth Category: Income scheme 1 Yr Performance ended Dec 31, 8. Total Schemes in Category = Winner of & Best Fund - 3 yrs performance Lipper Awards India 29 Income Fund - Growth Bond INR General, (99 schemes) 3 Yrs Performance (25-28) Winner of & Best Fund - 1 yrs performance Lipper Awards India 29 Income Fund - Growth Bond INR General, (16 schemes) 1 Yrs Performance ( ) (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer ++ For further details on the Discipline Advantage Plan please refer to addendum dated March 3, 29, March 8, 29 & July 16, 29 12

13 Savings Floating Rate Fund Short Term Plan As on October 31, 29 Credit Quality High Med Low Interest Rate Sensitivity High The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments. Low Fund Manager : Mr. Prasad Dhonde & Ms. Sunaina Da Cunha Managing Fund Since : June 18, 29 Total Experience : 11 years & 6 years Date of inception : June 5, 23 Nature of the scheme : An Open-ended Income Scheme Default option Retail Plan Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Institutional Plan Fresh Purchase : Rs. 5 Crore Additional Purchase : Rs. 1 Lac Redemption Cheques SIP SWP STP : Appln of less than Rs. 5 cr - Daily Dividend Reinvestment Appln of equal to or greater than Rs. 5 cr - Institutional Plan - Daily Dividend Reinvestment : Within 1 working days : NA : Available : Available Plans / Options & NAV (As on October 31, 29) Retail Plan Growth : Daily Dividend (Reinvestment) : 1.28 Dividend (Reinvestment) : Institutional Plan Growth : Daily Dividend (Reinvestment) : 1. Weekly Dividend (Reinvestment) : 1.9 Fortnightly Dividend : 1. (Reinvestment) Floating Rate Fund - STP - Growth 3 Years Rating Money Market Instruments IDBI Bank Ltd P1+ State Bank of Patiala P1+ State Bank of Hyderabad 7.3 A1+ Canara Bank 6.54 A1+ Infrastructure Development Finance Company Ltd A1+ Treasury Bills Days T-Bill 6 Dec Sovereign Floating Rate Instruments 2.95 ICICI Bank Ltd AAA Cash & Current.28 Total Net days 1 Month 3 Months Since Inception CRISIL Liquid Fund Index 3.6 Cash & Current Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more. AAA Sovereign.28% 2.7 Rating Profile % 52.6% Benchmark Average AUM Load Structure Entry Load Exit Load** : CRISIL Liquid Fund Index : Rs Crores : Nil :.5% if redeemed / switched out within 9 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity :.11 Years Yield to Maturity : 5.% (for Debt Component) Standard Deviation Retail Plan :.35% Institutional Plan :.35% Value Research Rating Floating Rate Fund - Short Term Plan Debt: Medium Term (13 Schemes), 18 months & 3 years ended 31-Oct-9 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 13

14 Savings Gilt Plus Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 29 An open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. - Liquid Plan Rating Profile - Liquid Plan Low Fund Manager : Mr. Maneesh Dangi & Mr. Shaktie Prakash Managing Fund Since : June 18, 29 Total Experience : 9 years & 6 years Date of inception : October 12, 1999 Nature of the scheme : An Open-ended Government Securities Scheme Default option : Growth Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Liquid Plan Growth : (Quarterly Gain & Annual Gain) Dividend : (Payout, Reinvestment & Sweep Option) Annual Dividend Option : (Payout, Reinvestment & Sweep Option) PF Plan Growth : (Quarterly Gain & Annual Gain) Dividend : (Payout, Reinvestment & Sweep Option) Annual Dividend Option : (Payout, Reinvestment & Sweep Option) Regular Plan Growth : (Quarterly Gain & Annual Gain) Dividend : (Payout, Reinvestment & Sweep Option) Annual Dividend Option : (Payout, Reinvestment & Sweep Option) Benchmark : Liquid Plan : I-Sec SI-BEX PF Plan : I-Sec LI-BEX Regular Plan : I-Sec LI-BEX Average AUM Liquid Plan : Rs Crores PF Plan : Rs Crores Regular Plan : Rs Crores Load Structure (Incl. for SIP) Liquid Plan, Regular Plan & PF Plan - Quarterly / Annual Dividend Exit Load : Nil PF Plan - Growth Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Gilt Plus - LP Growth I-Sec SI-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1year&CAGRforperiod 1yearor more.whenbenchmarkreturns are notavailable,they have not been shown. - PF Plan Gilt Plus - PF Growth I-Sec LI-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1year&CAGRfor period 1yearormore.Whenbenchmark returns are not available, theyhavenot beenshown Regular plan Gilt Plus - RP Growth I-Sec LI-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1year&CAGRforperiod 1yearor more.whenbenchmark returns are not available, they have not been shown. - Liquid Plan Rating Government Bond % CGL Sovereign Cash & Current Total Net Cash & Current Sovereign Cash & Current Sovereign Cash & Current Sovereign 27.23% Rating Profile - PF Plan 4.45% Rating Profile - Regular Plan 37.7% - PF Plan Rating Government Bond % CGL Sovereign Cash & Current Total Net % 72.77% 59.55% Average Maturity Liquid Plan :.46 Years PF Plan : 2.76 Years Regular Plan : 2.41 Years Modified Duration (for Debt Component) Liquid Plan : - PF Plan : 2. Years Regular Plan : 2. Years Yield to Maturity (for Debt Component) Liquid Plan : 3.5 % PF Plan : 5. % Regular Plan : 4.85 % Mark to Market Liquid Plan : 27 % PF Plan : 4 % Regular Plan : 38 % Standard Deviation Liquid Plan :.56 % PF Plan : % Regular Plan : 17.9 % - Regular Plan Rating Government Bond % CGL Sovereign 7.47% Oil Mkt Co. GOI Bond Sovereign 6.9% CGL Sovereign Cash & Current 62.3 Total Net 1. && CNBC TV-18 CRISIL AWARD 28 Gilt Plus - Regular Plan Category: Gilt 1 Yr Performance ended Dec 31, 8. Total Schemes in Category = 5-Star Award by ICRA Gilt Plus Regular Plan Open Ended Gilt (22 Schemes), 3 year ended 31-Dec-8 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. 14

15 Savings Government Securities Fund Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 29 An open-ended Gilt scheme with the objective to provide investors current income consistent with a portfolio invested 1% in securities by the Government of India or the State Governments, and the secondary objective is capital appreciation. Low - Long Term Plan Rating Profile - Long Term Plan Fund Manager : Mr. Maneesh Dangi & Mr. Shaktie Prakash Managing Fund Since : June 18, 29 Total Experience : 9 years & 6 years Date of inception : October 28, 1999 Nature of the scheme : An Open-ended Gilt Scheme Cash & Current 1.% Default option : Growth For Short Term Retail Plan & Long Term Plan Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- For Short Term Institutional Plan Fresh Purchase : Rs. 5 crores Additional Purchase : Rs. 1 lacs Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Long Term Plan Growth : Dividend : (Payout & Reinvestment) Short Term Plan - Retail Growth : Dividend : 1.55 (Payout & Reinvestment) Daily Dividend : 1.36 (Reinvestment) Weekly Dividend : 1.37 (Reinvestment) Institutional Plan Daily Dividend : 1. Benchmark Short Term Plan : I-Sec SI-BEX Long Term Plan : I-Sec LI-BEX Average AUM Long Term Plan : Rs Crores Short Term Plan : Rs. 2.8 Crores Load Structure (Incl. for SIP) Exit Load : Nil G-Sec Fund - LTP - Growth I-Sec Li-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year&cagrforperiod1yearormore.whenbenchmark returns are notavailable,they have not beenshown. - Short Term Plan G-Sec Fund - STP - Growth I-Sec Si-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1year&CAGRfor period1yearormore.whenbenchmark returns are not available, they havenot been shown. - Long Term Plan Rating Cash & Current 1. Total Net Cash & Current Rating Profile - Short Term Plan - Short Term Plan Rating Cash & Current 1. Total Net 1. 1.% Average Maturity Long Term Plan : - Short Term Plan : - Yield to Maturity (for Debt Component) Long Term Plan : 3. % Short Term Plan : 3. % Standard Deviation Long Term Plan : 9.65% Short Term Plan :.32% Value Research Rating Government Securities Fund - Long Term Plan Gilt: Medium & Long Term (29 Schemes), 18 months & 3 years ended 31-Oct-9 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 15

16 Regular Income Monthly Income An open-ended scheme. Monthly income is not assured and is subject to availability of distributable surplus Credit Quality High Low Interest rate sensitivity High As on October 31, 29 An open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterly distributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of distributable surplus Rating Profile Low Sovereign 34.56% Fund Manager : Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since : June 18, 29 Total Experience : 12 years & 9 years Date of inception : July 14, 1999 Nature of the scheme : An Open-ended Income Scheme Default Plan / Option : Growth / Dividend Reinvestment For Monthly & Quarterly Dividend Fresh Purchase : Rs. 25/- Additional Purchase : Rs. 5/- For Growth Plan Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Quarterly Dividend : (Payout, Reinvestment & Sweep Option) Growth : Benchmark : CRISIL MIP Blended Index Average AUM : Rs Crores Load Structure Exit Load** : 1.% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 2.14 Years Yield to Maturity : 5.5% (for Debt Component) Mark to Market : 54% Standard Deviation : 9.6% Sharp Ratio : Monthly Income - Growth Crisil MIP Blended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Rating Government Bond % CGL Sovereign 7.32% GOI 2Oct Sovereign 5.87% CGL Sovereign Corporate Debt GE Capital Services India ** 7.82 AAA LIC Housing Finance Ltd. ** 4.75 AAA ICICI Home Finance Company Ltd. ** 2.32 LAAA Infrastructure Development Fin. Co. Ltd. **.96 AA+ Housing Development Finance Corp Ltd. **.39 AAA Money Market Instruments State Bank of Travancore 4.49 A1+ ICICI Bank Ltd A1+ Housing Development Finance Corp Ltd 3.45 A1+ Oriental Bank of Commerce 3.36 P1+ PSU/PFI Bonds/Banks 3.56 Power Finance Corporation Ltd. ** 2.32 AAA IDBI Bank Ltd. ** 1.23 AA+ Finance 1.17 Housing Development Finance Corporation Ltd..42 Rural Electrification Corporation Ltd..32 Power Finance Corporation Ltd..31 McDowell Holdings Ltd..13 Banks 1.1 ICICI Bank Ltd..4 Allahabad Bank.36 The South Indian Bank Ltd..34 Pesticides 1.4 Rallis India Ltd. 1.4 Power 1. Gujarat Industries Power Company Ltd..35 Kalpataru Power Transmission Ltd..34 KEC International Ltd..31 Auto.81 Hero Honda Motors Ltd..42 Ashok Leyland Ltd..21 Tata Motors Ltd..18 Pharmaceuticals.8 Wyeth Ltd AAA Cash & Current Other AA 2.2% 11.64% 18.33% Rating Consumer Non Durables.78 Nestle India Ltd..41 Procter & Gamble Hygiene & Health Care Ltd..38 Industrial Capital Goods.72 Thermax Ltd..37 Elecon Engineering Company Ltd..18 Emco Ltd..17 Transportation.63 Gateway Distriparks Ltd..35 The Great Eastern Shipping Company Ltd..28 Fertilisers.59 Coromandel International Ltd..39 Chambal Fertilisers & Chemicals Ltd..19 Media & Entertainment.51 Jagran Prakashan Ltd..51 Magnasound India Ltd. ** Ferrous Metals.46 Tata Steel Ltd..31 JSW Steel Ltd..16 Industrial Products.43 Cummins India Ltd..43 Construction Project.37 Voltas Ltd..37 Oil.34 Oil & Natural Gas Corporation Ltd..34 Hotels.31 Taj GVK Hotels & Resorts Ltd..31 Software.31 Infosys Technologies Ltd..31 Auto Ancillaries.27 Apollo Tyres Ltd..27 Cash & Current Total Net % ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 19.8% Indicates less than.1 Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 3.17% (91 day T-bill yield As on October 3, 29). CRISIL~CPR 2^^ Monthly Income MIP Conservative Scheme (1 Schemes), 2 years ended 3-Sept-9 Value Research Rating Monthly Income Hybrid Monthly Income (33 Schemes),for 3 & 5 years periods ending 31-Oct-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 16

17 Regular Income MIP An open-ended scheme. Monthly income is not assured and is subject to availability of distributable surplus Credit Quality High Low Interest rate sensitivity High As on October 31, 29 The primary objective of the scheme is to generate regular income so as to make monthly distributions to unitholders with the secondary objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents while at the same time maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.) Low Rating Profile Fund Manager : Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since : June 18, 29 Total Experience : 12 years & 9 years Date of inception : November 2, 2 Nature of the scheme : An Open-ended Income Scheme AAA Sovereign Cash & Current 15.87% 19.73% 41.8% Default option : Dividend Reinvestment / Instant Payment For Monthly Dividend / Payment Fresh Purchase : Rs. 25/- Additional Purchase : Rs. 1/- For Growth Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep Option) Monthly Payment / Growth : (Instant / Deferred) Benchmark : CRISIL MIP Blended Index Average AUM : Rs Crores Load Structure Exit Load** :.25% if redeemed/switched out within 7 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 2.82 Years Yield to Maturity : 6.% (for Debt Component) Mark to Market : 53% Standard Deviation : 9.9% Sharp Ratio :.56 MIP - Growth Crisil MIP Bended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Rating Government Bond % GOI 2 Oct Sovereign 7.2% CGL Sovereign 6.49% CGL Sovereign 7.4% CGL Sovereign Money Market Instruments Central Bank of India 5.57 A1+ Corporation Bank 5.52 P1+ Reliance Capital Ltd A1+ Housing Development Finance Corporation Ltd A1+ Corporate Debt LIC Housing Finance Ltd.** 5.56 AAA GE Capital Services India ** 4.96 AAA Housing Development Finance Corporation Ltd.** 3.83 AAA Infrastructure Development Finance Company Ltd.** 2.97 AA+ Trent Ltd..4 CARE AA PSU/PFI Bonds/Banks IDBI Bank Ltd.** 7.44 AA+ Power Finance Corporation Ltd.** 3.5 AAA National Bank for Agriculture & Rural Development** 2.66 AAA Power Grid Corporation of India Ltd.** 2.29 AAA State Bank of India**.12 AAA Banks 1.99 HDFC Bank Ltd..42 State Bank of India.41 ING Vysya Bank Ltd..4 Axis Bank Ltd..39 ICICI Bank Ltd..37 Media & Entertainment 1.22 Zee News Ltd..44 HT Media Ltd..42 Sun TV Network Ltd..36 Industrial Capital Goods 1.21 Crompton Greaves Ltd..46 Thermax Ltd..42 Alstom Projects India Ltd..33 Software.88 Wipro Ltd..45 Tata Consultancy Services Ltd..43 Consumer Non Durables.87 United Spirits Ltd..45 Other AA 11.79% 1.81% Rating ITC Ltd..42 Construction Project.85 Voltas Ltd..45 Hindustan Construction Company Ltd..4 Pharmaceuticals.76 Wyeth Ltd..4 Ranbaxy Laboratories Ltd..36 Gas.46 Gujarat State Petronet Ltd..46 Petroleum Products.44 Reliance Industries Ltd..44 Finance.42 Housing Development Finance Corporation Ltd..42 Auto.42 Mahindra & Mahindra Ltd..42 Non - Ferrous Metals.42 Sterlite Industries (India) Ltd..42 Industrial Products.42 Jain Irrigation Systems Ltd..42 Power.4 Torrent Power Ltd..4 Pesticides.38 Rallis India Ltd..38 Ferrous Metals.38 Tata Steel Ltd..38 Construction.26 Sadbhav Engineering Ltd..26 Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 33.3% Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 3.17% (91 day T-bill yield As on October 3, 29). 17

18 Regular Income MIP II - Wealth 25 Plan An open-ended scheme. Monthly income is not assured and is subject to availability of distributable surplus Credit Quality High Low Interest rate sensitivity High As on October 31, 29 An open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus. Rating Profile Low Fund Manager : Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since : June 18, 29 Total Experience : 12 years & 9 years Date of inception : May 22, 24 Nature of the scheme : An Open-ended Income Scheme Default option : Dividend Reinvestment For Monthly Dividend / Payment Fresh Purchase : Rs. 25/- Additional Purchase : Rs. 1/- For Growth Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep Option) Growth / Payment : Benchmark : CRISIL MIP Blended Index Average AUM : Rs Crores Load Structure Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 2.67 Years Yield to Maturity : 5.% (for Debt Component) Mark to Market : 45% Standard Deviation : 13.83% Sharp Ratio : MIP II - Wealth 25 - Growth Crisil MIP Bended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1year &CAGRfor period 1 yearormore. Rating Government Bond % CGL Sovereign 7.32% GOI 2Oct Sovereign 6.9% CGL Sovereign 6.49% CGL Sovereign 7.61% OIL COMP GOI BONDS Sovereign Money Market Instruments Central Bank of India 7.7 A1+ Canara Bank 7.68 P1+ Housing Development Finance Corp Ltd 3.14 A1+ PSU/PFI Bonds/Banks 8.37 IDBI Bank Ltd. ** 5.6 AA+ NABARD ** 3.31 AAA Corporate Debt 7.95 HDFC Ltd. ** 4.11 AAA LIC Housing Finance Ltd. ** 3.84 AAA Banks 2.5 ICICI Bank Ltd..72 HDFC Bank Ltd..7 Yes Bank Ltd..63 Industrial Capital Goods 1.81 Crompton Greaves Ltd..54 Alstom Projects India Ltd..46 Thermax Ltd..46 Bharat Heavy Electricals Ltd..35 Software 1.76 Mphasis Ltd..53 Infosys Technologies Ltd..5 Oracle Financial Services Software Ltd..42 MindTree Ltd..31 Consumer Non Durables 1.63 ITC Ltd..58 United Spirits Ltd..47 Shree Renuka Sugars Ltd..31 United Breweries Ltd..26 Construction Project 1.5 Larsen & Toubro Ltd..58 Lanco Infratech Ltd..46 Finance.98 HDFC Ltd..52 India Infoline Ltd..46 Cement.98 Shree Cements Ltd AAA Sovereign Other Cash & Current AA 5.6% 18.14% 17.98% Rating Jaiprakash Associates Ltd..48 Power.9 Reliance Infrastructure Ltd..54 Torrent Power Ltd..36 Media & Entertainment.88 Jagran Prakashan Ltd..47 Zee News Ltd..41 Minerals/Mining.88 Nava Bharat Ventures Ltd..5 Sesa Goa Ltd..38 Petroleum Products.79 Reliance Industries Ltd..79 Pesticides.71 Rallis India Ltd..71 Ferrous Metals.67 Tata Steel Ltd..34 JSW Steel Ltd..33 Construction.66 Simplex Infrastructures Ltd..37 Ackruti City Ltd..29 Transportation.46 IRB Infrastructure Developers Ltd..46 Auto.42 Hero Honda Motors Ltd..42 Pharmaceuticals.42 Divi's Laboratories Ltd..42 Non - Ferrous Metals.4 Hindustan Zinc Ltd..4 Hardware.36 Allied Digital Services Ltd..36 Industrial Products.35 Max India Ltd..35 Cash & Current Total Net % 29.5% ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 16.32% Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 3.17% (91 day T-bill yield As on October 3, 29). 18

19 Regular Income MIP II - Savings 5 Plan An open-ended scheme. Monthly income is not assured and is subject to availability of distributable surplus Credit Quality High Low Interest rate sensitivity High As on October 31, 29 An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus. Rating Profile Low Fund Manager : Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since : June 18, 29 Total Experience : 12 years & 9 years Date of inception : May 22, 24 Nature of the scheme : An Open-ended Income Scheme Default option : Growth / Dividend Reinvestment For Monthly Dividend / Payment Fresh Purchase : Rs. 25/- Additional Purchase : Rs. 1/- For Growth Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Monthly Payment / Growth : Benchmark : CRISIL MIP Blended Index Average AUM : Rs Crores Load Structure (Incl. for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 1.18 Years Yield to Maturity : 5.25% (for Debt Component) Mark to Market : 24% Standard Deviation : 14.38% Sharp Ratio : MIP II - Savings 5 - Growth Crisil MIP Bended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Money Market Instruments 59.4 Andhra Bank F1+ ICICI Bank Ltd. 13. A1+ IDBI Bank Ltd A1+ ING Vysya Bank Ltd P1+ Central Bank of India 4.8 A1+ Canara Bank 4.8 P1+ Reliance Capital Ltd A1+ HDFC Ltd A1+ Oriental Bank of Commerce 1.66 P1+ State Bank of Travancore.95 A1+ Corporation Bank.95 P1+ Government Bond % GOI 2Oct Sovereign 7.4% CGL Sovereign Corporate Debt 8.57 Rural Electrification Corporation Ltd. ** 5.43 AAA LIC Housing Finance Ltd. ** 1.13 AAA HDFC Ltd. **.64 AAA ICICI Home Finance Company Ltd. **.49 LAAA Tata Sons Ltd. **.46 AAA Reliance Industries Ltd. **.42 AAA PSU/PFI Bonds/Banks 6.13 Power Finance Corporation Ltd. ** 4.74 AAA Indian Oil Corporation Ltd. **.97 AAA IDBI Bank Ltd. **.42 AA+ Consumer Non Durables 1.2 Asian Paints Ltd..15 ITC Ltd..14 Godrej Consumer Products Ltd..14 Dabur India Ltd..14 Marico Ltd..12 Procter & Gamble Hygiene & Health Care Ltd..12 Colgate-Palmolive (India) Ltd..11 Glaxosmithkline Consumer Healthcare Ltd..11 Banks.55 ICICI Bank Ltd..16 Yes Bank Ltd..13 Oriental Bank of Commerce.13 Allahabad Bank.13 Securitised Debt.4 Vodafone Essar Digilink Ltd..4 F1+(SO) Industrial Capital Goods.39 Bharat Electronics Ltd..16 Thermax Ltd..13 Elecon Engineering Company Ltd..1 Finance.36 Housing Development Finance Corporation Ltd..14 Rural Electrification Corporation Ltd Rating AAA Cash & Current Sovereign Other.42% AA 4.76% 8.98% 11.76% Rating Power Finance Corporation Ltd..11 Auto.28 Ashok Leyland Ltd..14 Hero Honda Motors Ltd..14 Oil.28 Oil & Natural Gas Corporation Ltd..17 Oil India Ltd..11 Pharmaceuticals.28 Piramal Healthcare Ltd..11 Biocon Ltd..11 Wyeth Ltd..5 Software.26 Tata Consultancy Services Ltd..15 Infosys Technologies Ltd..11 Cement.2 Grasim Industries Ltd..11 Birla Corporation Ltd..9 Power.19 Kalpataru Power Transmission Ltd..14 Torrent Power Ltd..6 Industrial Products.17 Cummins India Ltd..17 Transportation.14 Gateway Distriparks Ltd..14 Ferrous Metals.13 Tata Steel Ltd..13 Construction Project.12 Voltas Ltd..12 Gas.12 Indraprastha Gas Ltd..12 Media & Entertainment.11 Jagran Prakashan Ltd..11 Minerals/Mining.1 Nava Bharat Ventures Ltd..1 Hotels.7 Indian Hotels Company Ltd..7 Cash & Current Total Net % ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 14.7%. Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 3.17% (91 day T-bill yield As on October 3, 29). CRISIL~CPR 1^^ MIP II Savings 5 Plan MIP Conservative schemes (1 Schemes), 2 years ended 3-Sept-9 Value Research Rating MIP II Savings 5 Plan Hybrid: Monthly Income (33 Schemes),for 3 & 5 years periods ended 31-Oct-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 19

20 Tax Saving Tax Relief 96 An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years As on October 31, 29 Investment Style Value Blend Growth Size Fund Manager : Mr. Ajay Garg Managing Fund Since : October 1,26 Total Experience : 15 years Date of inception : March 29, 1996 Nature of the scheme : An Open-ended ELSS Scheme Default option : Dividend Payout Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 5/- Redemption Cheques : Within 1 working days Systematic Withdrawal : Not Available Systematic Transfer : Not Available Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth (w.e.f. 6/3/8) : 9.65 Benchmark : BSE 2 Average AUM : Rs. 1,95.54 Crores Load Structure (Incl for SIP) Exit Load : Nil Standard Deviation : 41.85% Sharpe Ratio :.11 Beta : 1.4 Large Small An open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 8% equity, 2% debt and money market securities Tax Relief 96 - Dividend BSE 2 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Returns assume reinvestment of the tax free dividend declared. SIPisapowerfultoolthatcanhelpyoucreatewealthovertime. Ifyouhadinvestedin BirlaSunLifeTaxRelief Investment Period Total Investment (Rs.) Value (Rs.) of SIP in Returns (%)* BSE 2 BSE 2 Tax Relief 96 Tax Relief 96 Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : April1,1996 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Banks 15.2 State Bank of India 3.58 ING Vysya Bank Ltd. 3.2 ICICI Bank Ltd HDFC Bank Ltd Axis Bank Ltd Kotak Mahindra Bank Ltd..92 Industrial Capital Goods 8.9 Honeywell Automation India Ltd Bharat Heavy Electricals Ltd. 3.5 Crompton Greaves Ltd Bharat Bijlee Ltd..61 Siemens Ltd..31 Software 8.76 Infosys Technologies Ltd. 5.3 Tata Consultancy Services Ltd Wipro Ltd. 1.3 Petroleum Products 7.96 Reliance Industries Ltd Power 7.64 Reliance Infrastructure Ltd Torrent Power Ltd. 3.4 GVK Power & Infrastructure Ltd Ferrous Metals 7.36 Jindal Steel & Power Ltd. 5.5 Tata Steel Limited 2.31 ** Represents thinly traded/ non traded securities and illiquid securities. Indicates less than Systematic Investment Finance 7.4 HDFC Ltd ICRA Ltd India Infoline Ltd Construction Project 4.85 Larsen & Toubro Ltd Auto Ancillaries 4.48 MRF Ltd Bosch Ltd Hotels 4.42 Indian Hotels Company Limited 2.53 Asian Hotels Ltd..97 Taj GVK Hotels & Resorts Ltd..92 Non - Ferrous Metals 3.88 Hindalco Industries Ltd Sterlite Industries (India) Ltd Consumer Non Durables 3.78 United Breweries Holdings Ltd United Spirits Ltd. 1.1 Radico Khaitan Ltd..79 Auto 3.71 Maruti Suzuki India Ltd. 2.5 Mahindra & Mahindra Ltd Industrial Products 2.26 Cummins India Ltd Pesticides 1.92 United Phosphorus Ltd Rallis India Ltd..43 Telecom-Services 1.91 Bharti Airtel Ltd Construction 1.34 Ackruti City Limited 1.34 Transportation 1.7 Jet Airways India Ltd. 1.7 United States of America.99 Sterlite Industries (India) Ltd - ADS.99 Media & Entertainment.88 Television 18 India Ltd..76 Television 18 India Ltd - Partly Paid up shares.12 Magnasound India Ltd. ** Trading.36 Uniphos Enterprises Ltd..36 Cash & Cash Equivalents 1. Net receivables / payables.49 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29). 9 Winner of World s Best Equity Fund -Ranked by Lipper for 13 years performance Tax Relief 96 Equity Funds, (36 schemes) 13 Yrs Ended (3 Sept 29) (Past performance is no guarantee of future results) for ranking methodology For Lipper World Ranks for 1yr, 5yrs, 1yrs & 13 yrs Time Periods ended Sept '9 and Lipper Ranking Methodology and Disclaimer refer page no.49 2

21 Tax Saving Tax Plan An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years As on October 31, 29 Investment Style Value Blend Growth Size Large An open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment. Small Fund Manager : Mr. Sanjay Chawla Managing Fund Since : September 12, 27 Total Experience : 19 years Date of inception : February 16, 1999 Nature of the scheme : An Open-ended ELSS Scheme Default option : Dividend Payout Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 5/- Redemption Cheques : Within 1 working days Systematic Withdrawal : Not Available Systematic Transfer : Not Available Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE SENSEX Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load : Nil Standard Deviation : 34.71% Sharpe Ratio : -.1 Beta :.93 Tax Plan - Dividend BSE Sensex SIPisapowerfultoolthatcanhelpyoucreatewealthovertime.Ifyouhadinvestedin BirlaSunLifeTaxPlan... Investment Period Total Investment (Rs.) BSE SENSEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Returns assume reinvestment of the tax free dividend declared. Value (Rs.) of SIP in Returns (%)* Tax Plan BSE SENSEX Tax Plan Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : March1,1999 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Industrial Capital Goods 1.1 Alstom Projects India Ltd Bharat Electronics Ltd. 2.4 Apar Industries Ltd Bharat Bijlee Ltd Gujarat Apollo Industries Ltd Sterlite Technologies Ltd..56 Transportation 8.96 Mundra Port and Special Eco Zone Ltd Container Corporation of India Ltd The Great Eastern Shipping Company Ltd 1.61 Banks 8.14 HDFC Bank Ltd ICICI Bank Ltd Bank of Baroda 1.7 Non - Ferrous Metals 6.91 Hindustan Zinc Ltd 3.64 Hindalco Industries Ltd Auto 5.96 Hero Honda Motors Ltd Maruti Suzuki India Ltd Software 5.73 Infosys Technologies Ltd Infotech Enterprises Ltd. 2.4 Petroleum Products 5.5 Reliance Industries Ltd. 5.5 Systematic Investment Portfolio Portfolio & Asset & Asset Allocation Allocation Pharmaceuticals 5.23 Dishman Pharm & Chemicals Ltd Biocon Ltd Finance 4.89 HDFC Ltd Shriram Transport Finance Company Ltd Industrial Products 3.91 TRF Ltd Cummins India Ltd. 1.1 Everest Kanto Cylinder Ltd..66 Auto Ancillaries 3.66 Goodyear India Ltd Hardware 3.18 Allied Digital Services Ltd Oil 3.3 Oil & Natural Gas Corporation Ltd. 3.3 Construction 2.96 Simplex Infrastructures Ltd Power 2.7 Tata Power Company Ltd. 2.7 Cement 2.69 Jaiprakash Associates Ltd UltraTech Cement Ltd Consumer Durables 2.21 Blue Star Ltd Telecom-Equipment & Accessories 2.2 OnMobile Global Limited 2.2 Media & Entertainment 2.16 Television Eighteen India Ltd Television Eighteen India Ltd Partly Paid.2 Magnasound India Ltd. ** Consumer Non Durables 1.72 Nestle India Ltd Gas 1.14 Indraprastha Gas Ltd Ferrous Metals.83 Steel Authority of India Ltd..83 Retailing.29 Pantaloon Retail (India) Ltd. -Class B.29 Cash & Cash Equivalents 7.43 Net receivables / payables -.2 Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Indicates less than.1 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29). 21

22 Wealth Creation Equity Fund As on October 31, 29 Investment Style Value Blend Growth Size Fund Manager : Mr. Mahesh Patil Managing Fund Since : October 1, 26 Total Experience : 19 years Date of inception : August 27, 1998 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : ( Payout, Reinvestment & Sweep) Growth : Benchmark : BSE 2 Average AUM : Rs. 1,182.7 Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 37.26% Sharpe Ratio :.19 Beta :.93 Large Small An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 9% equity and 1% debt and money market securities Banks 13.8 HDFC Bank Ltd. 2.6 State Bank of India 2.3 ICICI Bank Ltd Yes Bank Ltd. 2.1 Axis Bank Ltd Bank of Baroda 1.82 The South Indian Bank Ltd..99 Software 9.84 Infosys Technologies Ltd Tata Consultancy Services Ltd MindTree Ltd Polaris Software Lab Ltd..81 Megasoft Ltd..35 Power 9.18 KEC International Ltd GVK Power & Infrastructure Ltd CESC Ltd Tata Power Company Ltd PTC India Ltd 1.11 Reliance Infrastructure Ltd. 1.8 Industrial Capital Goods 8.18 Thermax Ltd Crompton Greaves Ltd Bharat Heavy Electricals Ltd BEML Ltd. 1.2 Bharat Bijlee Ltd..77 Consumer Non Durables 6.87 ITC Ltd United Breweries Holdings Ltd. 2.1 Shree Renuka Sugars Ltd Systematic Investment SIPisapowerfultoolthatcanhelpyoucreatewealthovertime. Ifyouhadinvestedin BirlaSunLifeEquityFund... Investment Period Total Investment (Rs.) 9.99 Equity Fund - Growth BSE Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : October1,1998 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Value (Rs.) of SIP in Returns (%)* BSE 2 BSE 2 Equity Fund Finance 6.2 Rural Electrification Corporation Ltd Shriram Transport Finance Company Ltd India Infoline Ltd HDFC Ltd. 1.9 Construction Project 5.94 Lanco Infratech Ltd Nagarjuna Construction Company Ltd Larsen & Toubro Ltd Punj Lloyd Ltd Cement 4.73 UltraTech Cement Ltd. 2.1 Century Textiles and Industries Ltd Jaiprakash Associates Ltd..81 Petroleum Products 4.28 Reliance Industries Ltd Oil 3.34 Oil & Natural Gas Corporation Ltd Media & Entertainment 3.19 Jagran Prakashan Ltd Zee Entertainment Enterprises Ltd Balaji Telefilms Ltd..52 Magnasound India Ltd. ** Pharmaceuticals 3.4 Dr.Reddys Laboratories Ltd Aurobindo Pharma Ltd.16 Maestro Mediline Systems Ltd..2 Construction 2.76 Housing Development & Infrastructure Ltd 1.69 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more Equity Fund Ackruti City Limited 1.7 Telecom-Services 2.7 Bharti Airtel Ltd. 2.7 Auto 2.68 Tata Motors Ltd Bajaj Auto Ltd Ferrous Metals 2.32 Tata Steel Limited 2.9 Welspun Gujarat Stahl Rohren Ltd..23 Retailing 2.23 Pantaloon Retail (India) Ltd. 2.1 Pantaloon Retail (India) Ltd. -Class B.22 United States of America 1.45 Sterlite Industries (India) Ltd - ADS 1.45 Hardware 1.2 Allied Digital Services Ltd. 1.2 Industrial Products.95 Max India Ltd..95 Future and Options CNX Nifty Futures Nov Tata Motors Ltd. Fut Nov Cash & Cash Equivalents 2.41 Net receivables / payables 4.33 Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Indicates less than.1 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) 22

23 Wealth Creation Advantage Fund As on October 31, 29 Investment Style Value Blend Growth Size Large An open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through a diversified research based investment approach. Small Fund Manager : Mr. Ajay Argal Managing Fund Since : Aug Total Experience : 16 years Date of inception : February 24, 1995 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE SENSEX Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** :.5% if redeemed / switched out within 7 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 38.55% Sharpe Ratio :.7 Beta : 1.4 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) Advantage Fund - Growth BSE Sensex Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in Advantage Fund... Investment Period Total Investment (Rs.) BSE SENSEX Value (Rs.) of SIP in Returns (%)* Advantage Fund BSE SENSEX Advantage Fund Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : March1,1995 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Banks ICICI Bank Ltd HDFC Bank Ltd State Bank of India 2.67 Yes Bank Ltd ING Vysya Bank Ltd Software Infosys Technologies Ltd Tata Consultancy Services Ltd Mphasis Ltd Core Projects & Technologies Ltd MindTree Ltd Polaris Software Lab Ltd..67 Petroleum Products 8.8 Reliance Industries Ltd. 4.7 Hindustan Petroleum Corporation Ltd Indian Oil Corporation Ltd Construction Project 7.51 Larsen & Toubro Ltd Punj Lloyd Ltd. 2.7 Voltas Ltd Nagarjuna Construction Company Ltd..78 Ferrous Metals 6.77 Jindal Steel & Power Ltd Welspun Gujarat Stahl Rohren Ltd. 3.8 Consumer Non Durables 6.14 Balrampur Chini Mills Ltd United Spirits Ltd ITC Ltd Auto 5.98 Tata Motors Ltd Maruti Suzuki India Ltd Bajaj Auto Ltd Industrial Capital Goods 5.95 Bharat Heavy Electricals Ltd. 2.1 Thermax Ltd. 2.1 Bharat Electronics Ltd Pharmaceuticals 5.9 Dishman Pharm & Chemicals Ltd. 2.8 Pfizer Ltd Biocon Ltd..95 Finance 4.45 HDFC Ltd LIC Housing Finance Ltd India Infoline Ltd..99 Power 4.17 KEC International Ltd. 2.4 Reliance Infrastructure Ltd ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.9% Indicates less than.1 Telecom-Services 3.74 Bharti Airtel Ltd Auto Ancillaries 3.8 Exide Industries Ltd Apollo Tyres Ltd Oil 2.9 Oil & Natural Gas Corporation Ltd. 2.9 Construction 2.73 Unitech Ltd IVRCL Infrastructures & Projects Ltd Dharti Dredging and Infrastructure Ltd**.9 Non - Ferrous Metals 1.76 Sterlite Industries (India) Ltd IT Consulting & Services. Karrox Technologies Ltd ** Future and Options.94 India Infoline Limited Fut Nov 9.94 Cash & Cash Equivalents 5.52 Net receivables / payables -.52 Total Net 1. 23

24 Wealth Creation cap Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Sanjay Chawla Managing Fund Since : September 12,27 Total Experience : 19 Years Date of inception : October 3, 22 Nature of the scheme : An Open-ended Growth Scheme Default option : Plan A/Dividend Reinvestment Plan A Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Plan B Fresh Purchase : Rs. 2,,/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Plan A Dividend : 23.9 ( Payout, Reinvestment & Sweep) Growth : Plan B Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : CNX cap Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 41.96% Sharpe Ratio :.27 Beta :.94 cap Fund Plan A - Growth An open-ended growth scheme with the objective to achieve long-term growth of capital at controlled level of risk by primarily investing in midcap stocks CNX cap Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIPisapowerfultoolthatcanhelpyoucreatewealthovertime. Ifyouhadinvestedin BirlaSunLifecapFund... Investment Period Total Investment (Rs.) CNX cap Value (Rs.) of SIP in Returns (%)* cap Fund CNX cap cap Fund Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : November1,22 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Finance 8.36 Shriram Transport Finance Company Ltd India Infoline Ltd Rural Electrification Corporation Ltd LIC Housing Finance Ltd Banks 8.22 Allahabad Bank 2.78 Yes Bank Ltd. 2.1 Bank of Baroda 1.27 Andhra Bank 1.13 ING Vysya Bank Ltd..94 Industrial Capital Goods 8.6 Crompton Greaves Ltd AIA Engineering Ltd Thermax Ltd BEML Ltd Power 7.71 KEC International Ltd Kalpataru Power Transmission Ltd. 2.5 PTC India Ltd 1.9 Jyoti Structures Ltd Software 7.59 Patni Computer Systems Ltd Mphasis Ltd MindTree Ltd Polaris Software Lab Ltd Glaxosmithkline Consumer Healthcare Ltd Industrial Products 6.34 Sintex Industries Ltd Jain Irrigation Systems Ltd Max India Ltd Cummins India Ltd..21 Construction 6.9 Housing Development & Infrastructure Ltd 2.9 Simplex Infrastructures Ltd Sadbhav Engineering Ltd..45 Ferrous Metals 5.78 Welspun Gujarat Stahl Rohren Ltd Prakash Industries Ltd 1.82 Usha Martin Ltd. 1.4 Pharmaceuticals 4.6 Aurobindo Pharma Ltd 2.56 Lupin Ltd. 2.4 Minerals/Mining 4.19 Sesa Goa Ltd Nava Bharat Ventures Ltd Auto Ancillaries 3.52 Exide Industries Ltd Apollo Tyres Ltd Auto 2.67 Ashok Leyland Ltd Bajaj Auto Ltd Chemicals 2.6 Solar Industries India Ltd. 2.6 Telecom-Equipment & Accessories 2.2 OnMobile Global Limited 2.2 Petroleum Products 2. Castrol India Ltd. 2. Oil 1.98 Aban Offshore Ltd Cement 1.44 Madras Cements Ltd Pesticides 1.28 United Phosphorus Ltd Transportation.81 Gateway Distriparks Ltd..81 Media & Entertainment.7 Television Eighteen India Ltd Partly Paid.7 Cash & Cash Equivalents 8.11 Consumer Non Durables 6.66 Mcleod Russel India Ltd Shree Renuka Sugars Ltd Construction Project 3.4 Voltas Ltd. 2.2 Nagarjuna Construction Company Ltd..84 Net receivables / payables Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) CRISIL~CPR 2^^ cap Fund Consistent CPR Performer - Liquid (31 Schemes), 5 Yrs ended 3-Sept-9 Value Research Rating cap Fund Plan A Equity Diversified (149 Schemes), for 3 & 5 Years periods ending 31-Oct-9 CRISIL~CPR 2^^ cap Fund Small & Equity Schemes ( 21 Schemes), 2 Yrs ended 3-Sept-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 24

25 Wealth Creation Frontline Equity Fund As on October 31, 29 Investment Style Value Blend Growth Size Large An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 1% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 2. Small Fund Manager : Mr. Mahesh Patil Managing Fund Since : October 1,26 Total Experience : 19 years Date of inception : August 3, 22 Nature of the scheme : An Open-ended Growth Scheme Default option : Plan A/Dividend Reinvestment Plan A Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Plan B Fresh Purchase : Rs. 2,,/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Plan A Dividend : ( Payout, Reinvestment & Sweep) Growth : (With/without Trigger Facility) Plan B Dividend : 1.87 (Payout, Reinvestment & Sweep) Growth : 1.87 (With/without Trigger Facility) Benchmark : BSE 2 Average AUM : Rs. 1,37.11 Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 33.81% Sharpe Ratio :.36 Beta :.85 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) Frontline Equity Fund Plan A - Growth BSE 2 Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIPisapowerfultoolthatcanhelpyoucreatewealthovertime. Ifyouhadinvestedin BirlaSunLifeFrontlineEquityFund... Investment Period Total Investment (Rs.) Value (Rs.) of SIP in Returns (%)* BSE 2 BSE 2 Frontline Equity Fund Frontline Equity Fund Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : October1,22 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Banks 12.9 ICICI Bank Ltd Axis Bank Ltd State Bank of India 1.99 HDFC Bank Ltd Bank of Baroda 1.6 ING Vysya Bank Ltd Kotak Mahindra Bank Ltd Software 8.99 Infosys Technologies Ltd Tata Consultancy Services Ltd. 3.8 Mphasis Ltd. 1.7 Wipro Ltd..33 Industrial Capital Goods 7.2 Bharat Heavy Electricals Ltd. 2.6 Crompton Greaves Ltd BEML Ltd Alstom Projects India Ltd..95 Siemens Ltd..95 Bharat Electronics Ltd..61 Power 6.87 PTC India Ltd 1.22 CESC Ltd Tata Power Company Ltd NTPC Ltd. 1.8 Reliance Infrastructure Ltd. 1.8 Torrent Power Ltd. 1.7 Indiabulls Power Limited.8 Consumer Non Durables 6.33 ITC Ltd. 3.3 United Spirits Ltd Balrampur Chini Mills Ltd Petroleum Products 5.93 Reliance Industries Ltd Indian Oil Corporation Ltd. 1.4 Hindustan Petroleum Corporation Ltd..55 Construction Project 4.93 Lanco Infratech Ltd Larsen & Toubro Ltd Nagarjuna Construction Company Ltd..99 Punj Lloyd Ltd..97 Oil 4.69 Oil & Natural Gas Corporation Ltd Cairn India Ltd Auto 4.1 Mahindra & Mahindra Ltd Tata Motors Ltd. 1.8 Bajaj Auto Ltd. 1.5 Finance 3.7 Rural Electrification Corporation Ltd LIC Housing Finance Ltd. 1.6 HDFC Ltd..82 Power Finance Corporation Ltd.69 Cement 3.35 Grasim Industries Ltd Jaiprakash Associates Ltd Telecom-Services 2.69 Bharti Airtel Ltd Pharmaceuticals 2.59 Dr.Reddys Laboratories Ltd Cipla Ltd Construction 2.21 Housing Development & Infrastructure Ltd 1.65 IVRCL Infrastructures & Projects Ltd..56 Ferrous Metals 1.69 Tata Steel Limited 1.69 Non - Ferrous Metals 1.65 Sterlite Industries (India) Ltd Industrial Products 1.51 Cummins India Ltd Minerals/Mining 1.41 Sesa Goa Ltd Gas 1.35 GAIL India Ltd Media & Entertainment 1.19 Zee Entertainment Enterprises Ltd Hotels.96 Indian Hotels Company Limited.96 Diversified.82 Hindustan Unilever Ltd..82 Future and Options 1.32 Tata Motors Ltd. Fut Nov ICICI Bank Ltd. Fut Nov Bharti Airtel Ltd Fut Nov Cash & Cash Equivalents 6.72 Net receivables / payables 4.92 Total Net 1. CRISIL~CPR 1^^ Frontline Equity Fund Diversified Equity Scheme (76 Schemes), 2 Yrs ended 3-Sept-9 V alue Research Rating Frontline Equity Fund Equity: Diversified (149 Schemes), for 3 & 5 Years periods ending 5-Star Award by ICRA Frontline Equity Fund Open Ended Diversified Equity - Defensive (55 Schemes), 3 year ended 5-Star Award by ICRA Frontline Equity Fund Open Ended Diversified Equity - Defensive (62 Schemes), 1 year ended 31-Dec-8 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 25

26 Wealth Creation Infrastructure Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Mahesh Patil Managing Fund Since : Since inception Total Experience : 19 years Date of inception : March 17, 26 Nature of the scheme : An Open-ended Growth Scheme Default option : Plan A/Dividend Reinvestment Plan A Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Plan B Fresh Purchase : Rs. 2,,/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Plan A Dividend : ( Payout, Reinvestment & Sweep) Growth : 14.8 Plan B Dividend : 1.62 (Payout, Reinvestment & Sweep) Growth : 11.6 Benchmark : S&P CNX NIFTY Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 41.52% Sharpe Ratio :.16 Beta : 1.9 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29). An open-ended growth scheme with the objective to providing for medium to long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India Infrastructure Fund - Plan A - Growth S&P CNX Nifty Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIPisapowerfultoolthatcanhelpyoucreatewealthovertime. Ifyouhadinvestedin BirlaSunLifeInfrastructureFund... Investment Period Total Investment (Rs.) S&P CNX NIFTY Value (Rs.) of SIP in Returns (%)* Infrastructure Fund S&P CNX NIFTY Infrastructure Fund Since Inception Last 3 year Last 1 year DateofFirstInstallment : April1,26 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Power 17.4 Torrent Power Ltd CESC Ltd KEC International Ltd GVK Power & Infrastructure Ltd Tata Power Company Ltd PTC India Ltd 1.71 Jyoti Structures Ltd NTPC Ltd Reliance Infrastructure Ltd Kalpataru Power Transmission Ltd..97 Banks HDFC Bank Ltd. 2.4 Axis Bank Ltd Bank of Baroda 1.95 The South Indian Bank Ltd ICICI Bank Ltd State Bank of India 1.38 Oriental Bank of Commerce.48 Industrial Capital Goods Thermax Ltd Crompton Greaves Ltd Bharat Heavy Electricals Ltd BEML Ltd Bharat Electronics Ltd Alstom Projects India Ltd..95 Elecon Engineering Company Ltd..78 Bharati Shipyard Ltd..58 Construction 8.66 Housing Development & Infrastructure Ltd 1.84 Ackruti City Limited Year 3 Years Since Inception Anant Raj Industries Limited 1.14 Sadbhav Engineering Ltd..92 Mahindra Lifespace Developers Ltd..87 Indiabulls Real Estate Ltd..82 Madhucon Projects Ltd..82 ITD Cementation India Ltd..6 Construction Project 7.6 Lanco Infratech Ltd. 2.4 Nagarjuna Construction Company Ltd Voltas Ltd Punj Lloyd Ltd. 1.2 Larsen & Toubro Ltd..68 Petroleum Products 6.11 Reliance Industries Ltd Indian Oil Corporation Ltd Finance 5.75 HDFC Ltd Power Finance Corporation Ltd 1.56 Rural Electrification Corporation Ltd Oil 4.7 Oil & Natural Gas Corporation Ltd. 4.7 Ferrous Metals 3.9 Tata Steel Limited 1.31 PSL Ltd. 1.8 Usha Martin Ltd. 1.3 Maharashtra Seamless Ltd..48 Cement 3.46 Jaiprakash Associates Ltd Grasim Industries Ltd. 1.1 Century Textiles and Industries Ltd..82 Auto 3.22 Tata Motors Ltd Mahindra & Mahindra Ltd Transportation 2.77 Container Corporation of India Ltd Gateway Distriparks Ltd..57 Arshiya International Ltd.44 Telecom-Services 2.4 Bharti Airtel Ltd. 2.4 Industrial Products 1.9 Sintex Industries Ltd. 1. Kirloskar Oil Engines Ltd..89 Gas 1.88 Gujarat Gas Company Ltd Non - Ferrous Metals 1.64 Sterlite Industries (India) Ltd Hotels 1.38 Indian Hotels Company Limited 1.38 Cash & Cash Equivalents 4.51 Net receivables / payables 1.23 Total Net 1. V alue Research Rating Infrastructure Fund Plan A Equity Diversified (149 Schemes), for 3 & 5 Years periods ending 31-Oct-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 26

27 Wealth Creation Basic Industries Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small A multi-sector open-ended growth scheme with the objective of long term growth capital, through a portfolio with a target allocation of 1% equity, focusing on investing in companies sensitive to economic cycles and commodity pricing cycles. The investments will be in companies which are often referred to as cyclical companies Fund Manager : Mr. Ankit Sancheti Managing Fund Since : November 3,27 Total Experience : 11 years Date of inception : January 15, 2 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Dividend Trigger Plan^^^ : 9.24 Growth : 85.5 Benchmark : BSE 2 Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1.% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 4.4% Sharpe Ratio :.15 Beta : Basic Industries Fund - Growth BSE 2 Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in Basic Industries Fund... Investment Period Total Investment (Rs.) Value (Rs.) of SIP in Returns (%)* Basic BSE 2 BSE 2 Industries Fund Basic Industries Fund Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : March1,2 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Industrial Capital Goods Crompton Greaves Ltd Apar Industries Ltd Bharat Heavy Electricals Ltd Bharat Electronics Ltd. 2.7 McNally Bharat Engineering Co Ltd 1.71 Elecon Engineering Company Ltd..88 Power Jyoti Structures Ltd. 3.5 Tata Power Company Ltd Torrent Power Ltd Kalpataru Power Transmission Ltd PTC India Ltd 1.55 Reliance Infrastructure Ltd. 1.5 KEC International Ltd Consumer Non Durables 8.34 Mcleod Russel India Ltd Balrampur Chini Mills Ltd. 4.5 Banks 7.93 Bank of Baroda 3.4 ICICI Bank Ltd The Jammu And Kashmir Bank Ltd 1.94 Dena Bank Finance 6.53 HDFC Ltd Shriram Transport Finance Company Ltd Reliance Capital Ltd India Infoline Ltd Petroleum Products 5.93 Reliance Industries Ltd Indian Oil Corporation Ltd. 1. Construction Project 5.53 Larsen & Toubro Ltd Lanco Infratech Ltd Punj Lloyd Ltd. 1.3 Nagarjuna Construction Company Ltd..85 Auto 5.47 Mahindra & Mahindra Ltd. 2.6 Bajaj Auto Ltd Tata Motors Ltd Industrial Products 5.21 Sintex Industries Ltd Max India Ltd TRF Ltd. 1.8 Cummins India Ltd Non - Ferrous Metals 3.25 Hindustan Zinc Ltd 1.71 Sterlite Industries (India) Ltd Minerals/Mining 2.33 Sesa Goa Ltd Gujarat Mineral Development Corp Ltd 1.11 Auto Ancillaries 1.57 Exide Industries Ltd Cement 1.52 Jaiprakash Associates Ltd Consumer Durables 1.48 Bajaj Electricals Ltd Chemicals 1.38 Micro Inks Ltd Construction.87 IVRCL Infrastructures & Projects Ltd..87 Cash & Cash Equivalents 3.47 Oil 6.58 Oil & Natural Gas Corporation Ltd Cairn India Ltd. 2.9 Aban Offshore Ltd Ferrous Metals 4.66 Jindal Steel & Power Ltd JSW Steel Ltd PSL Ltd Net receivables / payables 1.97 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29). ^^^For details on Dividend Trigger Plan please refer Addendum dated October 16,

28 Wealth Creation India GenNext Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Sanjay Chawla Managing Fund Since : September 12,27 Total Experience : 19 years Date of inception : August 5, 25 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth : 17.9 Benchmark : S&P CNX NIFTY Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. An open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice India GenNext Fund - Growth S&P CNX Nifty Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIPisapowerfultoolthatcanhelpyoucreatewealthovertime.Ifyouhadinvestedin BirlaSunLifeIndiaGenNextFund... Investment Period Total Investment (Rs.) Year 3 Years Since Inception Value (Rs.) of SIP in Returns (%)* S&P CNX NIFTY India GenNext Fund S&P CNX NIFTY India GenNext Fund Since Inception Last 3 years Last 1 year DateofFirstInstallment : September1,25 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Standard Deviation : 28.94% Sharpe Ratio :.13 Beta :.75 Consumer Non Durables Marico Ltd Dabur India Ltd. 5.2 Bata India Ltd Britannia Industries Ltd Berger Paints India Ltd ITC Ltd Media & Entertainment HT Media Ltd Jagran Prakashan Ltd Dish TV India Ltd. 3.8 Zee Entertainment Enterprises Ltd Television Eighteen India Ltd PVR Ltd..94 Zee News Ltd..91 Reliance MediaWorks Ltd..84 Television 18 India Ltd. - Partly Paid Shares.24 Banks Yes Bank Ltd Kotak Mahindra Bank Ltd ICICI Bank Ltd ING Vysya Bank Ltd Auto 11. Bajaj Auto Ltd Hero Honda Motors Ltd Maruti Suzuki India Ltd Diversified 7.2 Hindustan Unilever Ltd. 7.2 Finance 4.26 India Infoline Ltd Construction 4.16 Mahindra Lifespace Developers Ltd Petroleum Products 2.91 Castrol India Ltd Software 2.69 Everonn Education Ltd Textile Products 2.31 S Kumars Nationwide Ltd Hotels 2.23 Indian Hotels Company Limited 2.23 Telecom-Equipment & Accessories 2.1 OnMobile Global Limited 2.1 Cash & Cash Equivalents 6.17 Net receivables / payables -.67 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) 28

29 Wealth Creation New Millennium Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Atul Penkar Managing Fund Since : September 12, 27 Total Experience : 1 years Date of inception : January 15, 2 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE Teck Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 34.34% Sharpe Ratio : -.14 Beta :.99 A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 1% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies New Millennium Fund - Growth BSE Teck Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in New Millennium Fund... Investment Period Total Investment (Rs.) BSE Teck Value (Rs.) of SIP in Returns (%)* New Millennium Fund BSE Teck New Millennium Fund Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : March1,2 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) 1 Year Software Infosys Technologies Ltd Tata Consultancy Services Ltd. 9.2 Mphasis Ltd Wipro Ltd Oracle Financial Services Software Ltd MindTree Ltd Sasken Communication Technologies Ltd Infotech Enterprises Ltd Polaris Software Lab Ltd Everonn Education Ltd Core Projects & Technologies Ltd Subex Ltd Years Years Since Inception Megasoft Ltd Media & Entertainment 1.78 Jagran Prakashan Ltd. 4.9 Zee Entertainment Enterprises Ltd. 2.5 Zee News Ltd Television Eighteen India Ltd PVR Ltd..54 Magnasound India Ltd. ** Hardware 4.6 Allied Digital Services Ltd Telecom-Services 3.83 Bharti Airtel Ltd Telecom-Equipment & Accessories 1.78 OnMobile Global Limited 1.78 Cash & Cash Equivalents 2.38 Net receivables / payables 4.64 Total Net 1. Indicates less than.1 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) 29

30 Wealth Creation Top 1 Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Ajay Argal Managing Fund Since : October 1,27 Total Experience : 16 years Date of inception : October 24, 25 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : S&P CNX NIFTY Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** :.5% if redeemed / switched out within 7 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 3.6% Sharpe Ratio :.11 Beta :.82 An open-ended growth scheme with the objective to provide medium to longterm capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities of top 1 companies as measured by market capitalization Top 1 Fund - Growth S&P CNX Nifty Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in Top 1 Fund... Investment Period Total Investment (Rs.) Value (Rs.) of SIP in Returns (%)* S&P CNX NIFTY Top 1 Fund S&P CNX NIFTY Top 1 Fund Since Inception Last 3 years Last 1 year DateofFirstInstallment : November1,25 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Banks ICICI Bank Ltd HDFC Bank Ltd. 2.9 State Bank of India 2.66 Axis Bank Ltd Oriental Bank of Commerce Year 3 Years Since Inception 7.74 Bharat Electronics Ltd Pharmaceuticals 6.36 Dr.Reddys Laboratories Ltd Ranbaxy Laboratories Ltd Cipla Ltd Construction 4.18 Housing Development & Infrastructure Ltd 2.31 IVRCL Infrastructures & Projects Ltd Telecom-Services 3.76 Bharti Airtel Ltd Software 1.83 Infosys Technologies Ltd. 6.8 Tata Consultancy Services Ltd Wipro Ltd Auto 8.83 Tata Motors Ltd Hero Honda Motors Ltd Maruti Suzuki India Ltd Mahindra & Mahindra Ltd Consumer Non Durables 6.62 ITC Ltd. 3.6 Shree Renuka Sugars Ltd Bajaj Hindustan Ltd Oil 6.6 Oil & Natural Gas Corporation Ltd Cairn India Ltd Construction Project 5.25 Larsen & Toubro Ltd. 3.5 Punj Lloyd Ltd Finance 5.22 HDFC Ltd. 2.1 Shriram Transport Finance Company Ltd IDFC 1.24 Petroleum Products 4.91 Reliance Industries Ltd Cement 3.19 Jaiprakash Associates Ltd UltraTech Cement Ltd Non - Ferrous Metals 3.8 Hindalco Industries Ltd Sterlite Industries (India) Ltd. 1.2 Ferrous Metals 1.87 Tata Steel Limited 1.33 JSW Steel Ltd..53 Transportation.89 The Great Eastern Shipping Company Ltd.89 Cash & Cash Equivalents 3.4 Industrial Capital Goods 6.49 Crompton Greaves Ltd Bharat Heavy Electricals Ltd. 2.7 Power 4.49 PTC India Ltd 2.31 Reliance Infrastructure Ltd Net receivables / payables 2.26 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) CRISIL~CPR 2^^ Top 1 Fund Large Cap Oriented Equity Schemes (28 Schemes), 2 Yrs ended 3-Sept-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 3

31 Wealth Creation Buy India Fund As on October 31, 29 Investment Style Value Blend Growth Size Large A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 1% equity, focusing on investing in businesses that are driven by India's large population and inherent consumption patterns. The focus of the scheme will be in the consumer and healthcare sectors. Small Fund Manager : Mr. Ajay Garg Managing Fund Since : September 12, 27 Total Experience : 15 years Date of inception : January 15, 2 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : 2.71 (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE 2 Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** :.5% if redeemed / switched out within 7 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 33.24% Sharpe Ratio :.11 Beta :.8 Buy India Fund - Growth BSE 2 Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in Buy India Fund... Investment Period Total Investment (Rs.) Value (Rs.) of SIP in Returns (%)* BSE 2 BSE 2 Buy India Fund Buy India Fund Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : March1,2 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Consumer Non Durables United Spirits Ltd E.I.D. Parry (India) Ltd. 4.7 Tata Tea Ltd Radico Khaitan Ltd United Breweries Holdings Ltd ITC Ltd Banks State Bank of India 4.56 ICICI Bank Ltd ING Vysya Bank Ltd Axis Bank Ltd Kotak Mahindra Bank Ltd. 2.3 Pharmaceuticals 11.9 Aventis Pharma Ltd. 6.4 Glaxosmithkline Pharmaceuticals Ltd Finance 8.2 HDFC Ltd. 5.3 India Infoline Ltd ** Represents thinly traded/ non traded securities and illiquid securities. Indicates less than.1 Auto 7.83 Maruti Suzuki India Ltd Mahindra & Mahindra Ltd Auto Ancillaries 6.76 Sundaram-Clayton Ltd Bosch Ltd MRF Ltd. 1. Hotels 6.6 Asian Hotels Ltd Taj GVK Hotels & Resorts Ltd. 2.2 Indian Hotels Company Limited 1.39 Pesticides 5.8 Rallis India Ltd. 5.8 Gas 4.17 Indraprastha Gas Ltd Media & Entertainment 3.88 PVR Ltd Television Eighteen India Ltd UTV Software Communications Ltd..77 Television Eighteen India Ltd Partly Paid.2 Magnasound India Ltd. ** Transportation 2.15 Jet Airways India Ltd Construction 2.1 Ackruti City Limited 2.1 Telecom-Services 1.99 Bharti Airtel Ltd Retailing.34 Trent Ltd. - Warrants.34 Cash & Cash Equivalents.2 Net receivables / payables 1.66 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) 31

32 Wealth Creation MNC Fund As on October 31, 29 Investment Style Value Blend Growth Size Large An open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk by making investments in securities of multi-national companies through a research based investment approach. Small Fund Manager : Mr. Ajay Garg Managing Fund Since : June 18, 29 Total Experience : 15 years Date of inception : December 27, 1999 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : S & P CNX MNC Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 27.6% Sharpe Ratio :.18 Beta :.85 1 Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in MNC Fund... Investment Period Total Investment (Rs.) S & P CNX MNC Value (Rs.) of SIP in Returns (%)* MNC Fund S & P CNX MNC MNC Fund Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : January1,2 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Pharmaceuticals 17.5 Pfizer Ltd. 6.3 Glaxosmithkline Pharmaceuticals Ltd. 4. Fulford (India) Ltd Wyeth Ltd Consumer Non Durables Glaxosmithkline Consumer Healthcare Ltd Colgate-Palmolive (India) Ltd Kansai Nerolac Paints Ltd ITC Ltd Procter &Gamble Hygiene &Health Care Ltd Visakha Aqua Farms Ltd** Industrial Capital Goods 13.4 Honeywell Automation India Ltd Alstom Projects India Ltd Areva T&D India Ltd ABB Ltd Siemens Ltd Banks 1.52 ING Vysya Bank Ltd Yes Bank Ltd. 4.8 ** Represents thinly traded/ non traded securities and illiquid securities. Indicates less than MNC Fund - Growth 8.17 S&P CNX MNC 2.82 Finance 9.93 CRISIL Ltd. 6.3 ICRA Ltd. 3.9 Auto Ancillaries 6.72 Bosch Ltd Wabco TVS India Ltd 1.92 Federal-Mogul Goetze (India) Ltd Industrial Products 6.3 Cummins India Ltd FAG Bearings India Ltd. 1.6 Gas 5.32 Gujarat Gas Company Ltd Software 4.73 Mphasis Ltd. 2.4 Oracle Financial Services Software Ltd Auto 4.27 Maruti Suzuki India Ltd Oil 2.3 Cairn India Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more Telecom-Services 1.48 Bharti Airtel Ltd Construction 1.6 ITD Cementation India Ltd. 1.6 Textiles-Synthetic. Sree Jayalakshmi Autospin Ltd.** Maruti Cottex Ltd** Textiles. Sri Venkatesha Mills Ltd** Paper. Jainpur Straw Board & Papers Ltd. Cash & Cash Equivalents 1.48 Net receivables / payables -.54 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 5-Star Award by ICRA MNC Fund Open Ended Diversified Equity - Aggressive (51 Schemes), 1 year ended 31-Dec-8 CRISIL~CPR 2^^ MNC Fund Diversified Equity Schemes (76 Schemes), 2 Yrs ended 3-Sept-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 32

33 Wealth Creation Index Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Ajay Garg Managing Fund Since : October 1,27 Total Experience : 15 years Date of inception : September 18, 22 Nature of the scheme : An Open-ended Index Linked Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 Working days Systematic Withdrawal : Not Available Systematic Transfer : Not Available Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth : 47. Benchmark : S&P CNX NIFTY Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** :.5% if redeemed / switched out within 7 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 36.% Sharpe Ratio :.1 Beta :.98 An open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors Index Fund - Growth S&P CNX Nifty Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in Index Fund... Investment Period Total Investment (Rs.) S&P CNX NIFTY Value (Rs.) of SIP in Returns (%)* Index Fund S&P CNX NIFTY Index Fund Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : October1,22 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Banks ICICI Bank Ltd State Bank of India 4.12 HDFC Bank Ltd. 4.7 Axis Bank Ltd Punjab National Bank.83 Software Infosys Technologies Ltd Tata Consultancy Services Ltd Wipro Ltd HCL Technologies Ltd..47 Petroleum Products 1.51 Reliance Industries Ltd. 1.3 Bharat Petroleum Corporation Ltd..48 Construction Projects 6.72 Larsen & Toubro Ltd Finance 6.49 HDFC Ltd 4.87 IDFC Ltd. 1. Reliance Capital Ltd..62 Power 4.82 Tata Power Company Ltd. 1.6 NTPC Ltd Reliance Infrastructure Ltd. 1.8 Power Grid Corporation of India Ltd.43 Reliance Power Ltd Consumer Non Durables 4.78 ITC Ltd Auto 4.7 Maruti Suzuki India Limited 1.35 Mahindra & Mahindra Ltd Hero Honda Motors Ltd. 1.3 Tata Motors Ltd..98 Ferrous Metals 4.6 Tata Steel Ltd Jindal Steel & Power Ltd 1.79 Steel Authority of India Ltd..7 Telecom-Services 4.1 Bharti Airtel Ltd Reliance Communications Ltd..87 Idea Cellular Ltd..6 Industrial Capital Goods 4. Bharat Heavy Electricals Ltd ABB Ltd..57 Siemens Ltd..57 Suzlon Energy Ltd..3 Oil 3.6 Oil & Natural Gas Corporation Ltd Cairn India Ltd..82 Cement 3.24 Grasim Industries Ltd Jaiprakash Associates Ltd. 1.7 ACC Ltd..55 Ambuja Cements Ltd..53 Non-Ferrous Metals 2.77 Sterlite Industries India Ltd Hindalco Industries Ltd..97 Pharmaceuticals 2.21 Cipla Ltd. 1.2 Sun Pharmaceutical Industries Ltd..76 Ranbaxy Laboratories Ltd..44 Diversified 2.16 Hindustan Unilever Ltd Construction 1.79 DLF Ltd..98 Unitech Ltd..81 Gas 1.14 GAIL (India) Ltd Future and Options 6.59 CNX Nifty Futures Nov Cash & Cash Equivalents 2.4 Net receivables / payables Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) 33

34 Wealth Creation India Opportunities Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Atul Penkar Managing Fund Since : September 12, 27 Total Experience : 1 years Date of inception : December 27, 1999 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : S & P CNX 5 Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** :.5% if redeemed / switched out within 7 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 35.49% Sharpe Ratio : -.16 Beta :.84 An open-ended growth scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following: Leverage India's intellectual capital for providing services, research and creative inputs; Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services; Leverage India's lower labour costs for providing services and manufactured goods; Leverage India's large population of English speaking people for providing services India Opportunities Fund - Growth S&P CNX 5 Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in India Opportunities Fund... Investment Period Total Investment (Rs.) Value (Rs.) of SIP in Returns (%)* S & P CNX 5 India S & P CNX 5 Opportunities Fund India Opportunities Fund Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : January1,2 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Software 38.5 Infosys Technologies Ltd Tata Consultancy Services Ltd. 7.6 MindTree Ltd Polaris Software Lab Ltd Wipro Ltd Infotech Enterprises Ltd Patni Computer Systems Ltd Mphasis Ltd Sasken Communication Technologies Ltd. 2.2 Core Projects & Technologies Ltd Collabera Pvt. Ltd. ** Industrial Capital Goods Honeywell Automation India Ltd Crompton Greaves Ltd. 3.3 AIA Engineering Ltd Construction Project 5.61 Punj Lloyd Ltd Voltas Ltd Petroleum Products 5.42 Reliance Industries Ltd Year Years 5 Years Since Inception Dishman Pharmaceuticals & Chemicals Ltd Aventis Pharma Ltd Industrial Products 4.35 Cummins India Ltd Sintex Industries Ltd Sree Rama Polymers Ltd** Power 3.34 KEC International Ltd Finance 2.65 CRISIL Ltd Hardware 2.61 Allied Digital Services Ltd Auto Ancillaries 2.38 Apollo Tyres Ltd Non - Ferrous Metals 2.34 Sterlite Industries (India) Ltd Ferrous Metals 1.55 Welspun Gujarat Stahl Rohren Ltd Minerals/Mining 1.52 Sesa Goa Ltd Telecom-Equipment & Accessories 1.47 OnMobile Global Limited 1.47 Paper. Jainpur Straw Board & Papers Ltd. ** Consumer Non Durables. Oriqua Ltd ** Media & Entertainment. Magnasound India Ltd. ** Cash & Cash Equivalents 7.1 Net receivables / payables 3.64 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) Pharmaceuticals 4.92 Dr.Reddys' Laboratories Ltd. 2.4 ** Represents thinly traded/ non traded securities and illiquid securities. Indicates less than.1 Cement 1.81 Jaiprakash Associates Ltd Total Net 1. 34

35 Wealth Creation Dividend Yield Plus As on October 31, 29 Investment Style Value Blend Growth Size Large An open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield. Small Fund Manager : Mr. Ankit Sancheti Managing Fund Since : November 3,27 Total Experience : 11 years Date of inception : February 26, 23 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : 12.6 (Payout, Reinvestment & Sweep) Growth : Benchmark : S & P CNX 5 Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 33.29% Sharpe Ratio :.36 Beta : Dividend Yield Plus - Growth S & P CNX 5 Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in Dividend Yield Plus... Investment Period Total Investment (Rs.) Value (Rs.) of SIP in Returns (%)* S & P CNX 5 S & P CNX 5 Dividend Yield Plus Dividend Yield Plus Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : March1,23 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Banks Andhra Bank 4.24 The South Indian Bank Ltd Corporation Bank 2.69 Oriental Bank of Commerce 2.27 Allahabad Bank 1.64 Canara Bank 1.42 The Jammu And Kashmir Bank Ltd 1.15 ICICI Bank Ltd. 1.2 Consumer Non Durables Glaxosmithkline Consumer Healthcare Ltd E.I.D. Parry (India) Ltd Kansai Nerolac Paints Ltd Colgate-Palmolive (India) Ltd. 2.2 Procter&Gamble Hygiene&Health Care Ltd. 2.2 Berger Paints India Ltd. 1.8 United Spirits Ltd. 1.3 Goodricke Group Ltd..43 Pharmaceuticals 9.61 Wyeth Ltd Glaxosmithkline Pharmaceuticals Ltd Pfizer Ltd Power 6.3 KEC International Ltd Gujarat Industries Power Company Ltd Petroleum Products 5.52 Hindustan Petroleum Corporation Ltd Castrol India Ltd Indian Oil Corporation Ltd Finance 4.38 Rural Electrification Corporation Ltd LIC Housing Finance Ltd Oil 4.3 Oil & Natural Gas Corporation Ltd. 4.3 Industrial Products 3.98 Cummins India Ltd Cosmo Films Ltd..96 Kirloskar Brothers Ltd..29 Industrial Capital Goods 3.9 Apar Industries Ltd. 1.9 Elecon Engineering Company Ltd. 1.2 Thermax Ltd..8 Paper 3.46 Tamil Nadu Newsprint & Papers Ltd Ballarpur Industries Ltd Gas 3.11 Indraprastha Gas Ltd GAIL India Ltd Auto 2.82 Bajaj Auto Ltd Ashok Leyland Ltd. 1.2 Ferrous Metals 2.73 PSL Ltd Tata Steel Limited Software i Infotech Ltd HCL Technologies Ltd..98 Consumer Durables 2.51 Bajaj Electricals Ltd Fertilisers 2.49 Chambal Fertilisers & Chemicals Ltd Tata Chemicals Ltd..63 Rashtriya Chemicals & Fertilizers Ltd..4 Construction 1.48 Indiabulls Real Estate Ltd Diversified 1.28 Hindustan Unilever Ltd Transportation 1.9 Gateway Distriparks Ltd. 1.9 Auto Ancillaries.9 Goodyear India Ltd..9 Cement.77 Kesoram Industries Ltd..77 Cash & Cash Equivalents 2.87 Net receivables / payables.79 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) Value Research Rating Dividend Yield Plus Equity Diversified (149 Schemes), for 3 & 5 Years periods ending 31-Oct-9 CRISIL~CPR 1^^ Dividend Yield Plus Diversified Equity Schemes - Equity ( 76 Schemes), 2 Yrs ended 5-Star Award by ICRA Dividend Yield Plus Open Ended Diversified Equity - Aggressive (51 Schemes), 1 year ended 31-Dec-8 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 35

36 Wealth Creation '95 Fund As on October 31, 29 Investment Style Value Blend Growth Size Fund Manager : Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since : June 18, 29 Total Experience : 12 years & 9 years Date of inception : February 1, 1995 Natureof the scheme : An Open-ended Balanced Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth : 25.6 Benchmark : CRISIL Balanced Fund Index Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : Standard Deviation : 29.1% Sharpe Ratio :.37 Large Small Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) An open-ended balanced scheme with the objective of long term growth of capital and current income, through a portfolio of equity and fixed income securities Fund - Growth Crisil Balanced Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year &CAGRforperiod 1 yearormore. When benchmark returns arenot available, they have not been shown. SIPisapowerfultoolthatcanhelpyoucreatewealthovertime. Ifyouhadinvestedin BirlaSunLife '95Fund... Investment Period Total Investment (Rs.) Government Bond % CGL Sovereign 6.9% CGL Sovereign 7.2% CGL Sovereign Money Market Instruments 7.74 Housing Development Finance Corporation Ltd 7.74 A1+ Consumer Non Durables 7.37 Nestle India Ltd ITC Ltd Colgate-Palmolive (India) Ltd United Breweries Holdings Ltd..76 Banks 5.83 ICICI Bank Ltd Allahabad Bank 1.91 HDFC Bank Ltd Software 5.75 Infosys Technologies Ltd Wipro Ltd Everonn Education Limited 1.8 Pesticides 5.69 Rallis India Ltd Power 5.6 Torrent Power Ltd. 2.2 Kalpataru Power Transmission Ltd. 1.1 Jyoti Structures Ltd..97 KEC International Ltd..78 GVK Power & Infrastructure Ltd..73 Pharmaceuticals 5.51 Dr.Reddy's Laboratories Ltd Aventis Pharma Ltd Biocon Ltd..93 Piramal Healthcare Ltd..9 Construction Project 3.76 Larsen & Toubro Ltd Lanco Infratech Ltd PSU/PFI Bonds/Banks 3.53 IDBI Bank Ltd. ** 3.53 AA+ Retailing 3.13 Trent Ltd Petroleum Products 2.64 Reliance Industries Ltd Systematic Investment CRISIL Balanced Fund Index Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : April1,1995 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Rating Equity Sovereign AAA AA Cash & Current '95 Fund 3.53% 2.44% 7.74% Rating Profile 21.84% Value (Rs.) of SIP in Returns (%)* CRISIL Balanced Fund Index Industrial Capital Goods 2.52 Bharat Heavy Electricals Ltd Siemens Ltd..92 Bharati Shipyard Ltd..45 Cement 2.7 Jaiprakash Associates Ltd Kesoram Industries Ltd..8 Minerals/Mining 2.6 Nava Bharat Ventures Ltd. 2.6 Gas 1.92 Gujarat Gas Company Ltd Construction 1.84 Ackruti City Limited.95 Housing Development & Infrastructure Ltd.9 Industrial Products 1.63 Max India Ltd..87 Everest Kanto Cylinder Ltd..75 Finance 1.44 Housing Development Finance Corporation Ltd Non - Ferrous Metals 1.6 Sterlite Industries (India) Ltd. 1.6 Auto 1.5 Bajaj Auto Ltd. 1.5 Ferrous Metals 1.3 JSW Steel Ltd. 1.3 Chemicals.95 Gujarat Alkalies & Chemicals Ltd..95 Diversified.76 Aditya Birla Nuvo Ltd..38 Bombay Burmah Trading Corporation Ltd..38 Transportation.54 Mundra Port and Special Economic Zone Ltd..54 Media & Entertainment.3 ETC Networks Ltd..3 Magnasound India Ltd. ** Cash & Current 2.44 Total Net % '95 Fund Rating ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 3.53% Indicates less than.1 CRISIL~CPR 2^^ 95 Fund Consistent CPR Performer- Balanced (14 Schemes), 5 years ended 3-Sept-9 CRISIL~CPR 2^^ 95 Fund Hybrid Equity - Oriented (2 Schemes), 2 years ended 3-Sept-9 Value Research Rating 95 Fund Hybrid Equity-Oriented (28 Schemes),for 3 & 5 years periods ending 31-Oct-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 36

37 Wealth Creation Freedom Fund As on October 31, 29 Investment Style Value Blend Growth Size Large An open-ended balanced scheme with an objective to balance income requirements with growth of capital through a balance mix of investments in equity and debt at relatively moderate levels of risks through a diversified research based investment approach. Rating Profile Small Cash & Current 67.6% Fund Manager : Mr. Maneesh Dangi & Mr. Vineet Maloo Managing Fund Since : April 2, 29 Total Experience : 9 years & 5 years Date of inception : October 12, 1999 Natureof thescheme : An Open-ended Balanced Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : CRISIL Balanced Fund Index Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : Standard Deviation : 18.99% Sharpe Ratio :.1 Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) Freedom Fund - Growth Crisil Balanced Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. SIPisapowerfultoolthatcanhelpyoucreatewealthovertime. Ifyouhadinvestedin BirlaSunLifeFreedomFund... Investment Period Total Investment (Rs.) Since Inception Last 5 years Last 3 years Last 1 year DateofFirstInstallment : Novemberl1,1999 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Rating Banks ICICI Bank Ltd HDFC Bank Ltd State Bank of India 2.68 Axis Bank Ltd Punjab National Bank.65 Software 8.8 Tata Consultancy Services Ltd Infosys Technologies Ltd Wipro Ltd HCL Technologies Ltd Collabera Pvt. Ltd. ** Petroleum Products 7.3 Reliance Industries Ltd Bharat Petroleum Corporation Ltd..8 Construction Project 5.92 Larsen & Toubro Ltd Oil 5.6 Oil & Natural Gas Corporation Ltd Cairn India Ltd Finance 4.27 HDFC Ltd Reliance Capital Ltd..6 Power 4.18 NTPC Ltd Power Grid Corporation of (I) Ltd..92 Tata Power Company Ltd..81 Reliance Infrastructure Ltd..64 NHPC Ltd..44 PSU/PFI Bonds/Banks 3.55 Citibank N A ** 3.34 AA+ HDFC Bank Ltd. **.22 AAA Ferrous Metals 3.48 Tata Steel Ltd Jindal Steel & Power Ltd..93 Steel Authority of India Ltd..7 JSW Steel Ltd..36 Jindal Saw Ltd..9 Industrial Capital Goods 3.6 Bharat Heavy Electricals Ltd. 2.9 Siemens Ltd..45 ABB Ltd..33 Suzlon Energy Ltd..2 Non - Ferrous Metals 2.6 Sterlite Industries (India) Ltd Systematic Investment Value (Rs.) of SIP in Returns (%)* CRISIL Balanced Fund Index Freedom Fund CRISIL Balanced Fund Index Rating Hindalco Industries Ltd..9 Telecom-Services 2.49 Bharti Airtel Ltd Reliance Communications Ltd..7 Idea Cellular Ltd..18 Cement 2.46 Grasim Industries Ltd ACC Ltd..89 Ambuja Cements Ltd..25 Minerals/Mining 1.96 Sesa Goa Ltd Pharmaceuticals 1.67 Cipla Ltd Sun Pharmaceutical Industries Ltd..45 Ranbaxy Laboratories Ltd..6 Government Bond % OIL COMP GOI BONDS Sovereign Gas 1.12 GAIL India Ltd Auto 1.5 Hero Honda Motors Ltd..48 Maruti Suzuki India Ltd..34 Mahindra & Mahindra Ltd..14 Tata Motors Ltd..1 Construction.98 DLF Ltd..82 Unitech Ltd..17 Consumer Non Durables.38 ITC Ltd..38 Diversified. Hindustan Unilever Ltd. IT Consulting & Services. Globsyn Technologies Ltd. ** Future and Options CNX Nifty Futures Nov Cash & Current 67.6 Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 3.55 % Indicates less than.1 Other AA Sovereign AAA 1.4%.22% 3.34% 27.45% Freedom Fund 37

38 Wealth Creation Asset Allocation Fund Credit Quality High Low Interest rate sensitivity High As on October 31, 29 An open-ended Fund of Funds scheme with the objective to provide income and capital appreciation along with diversification by investing in a basket of debt and equity Mutual Fund schemes in line with the risk profile of the investors. - Aggressive Plan - Moderate Plan Low Fund Manager : Mr. Satyabrata Mohanty Managing Fund Since : June 18, 29 Total Experience : 12 years Date of inception : February 24, 24 Nature of the scheme : An Open-ended Fund of Funds Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Aggressive Plan Dividend : (Payout & Reinvestment) Growth : Conservative Plan Dividend : (Payout & Reinvestment) Growth : Moderate Plan Dividend : (Payout & Reinvestment) Growth : Benchmark Aggressive Plan : S&P CNX NIFTY Moderate Plan : CRISIL Balanced Fund Index Conservative Plan : CRISIL MIP Blended Index Average AUM Aggressive Plan : Rs Crores Conservative Plan : Rs Crores Moderate Plan : Rs Crores Load Structure Exit Load : Nil Standard Deviation Aggressive Plan : 19.5% Conservative Plan : 26.1% Moderate Plan : 7.36% AAF Aggressive Plan - Growth S & P CNX Nifty Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. AAF Conservative Plan - Growth - Aggressive Plan Mutual Fund Units cap Fund - Growth 18.6 Advantage Fund - Growth MNC Fund - Growth India Opportunities Fund - Growth Index Fund - Growth Dynamic Bond Fund - Growth 6.55 Income Fund - Growth 3.9 Short Term Fund - Growth 2.8 Gilt Plus PF Plan - Growth.67 Cash & Cash Equivalents Conservative Plan AAF Moderate Plan - Growth Crisil MIP Blended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Crisil Balanced Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. - Moderate Plan Mutual Fund Units Dynamic Bond Fund - Growth cap Fund - Growth 2.81 Index Fund - Growth Advantage Fund - Growth 1.83 MNC Fund - Growth 7.4 India Opportunities Fund - Growth 7.27 Income Fund - Growth 3.84 Short Term Fund - Growth 3.47 Cash & Cash Equivalents 5.22 Net receivables / payables.56 Total Net 1. Net receivables / payables.15 Total Net 1. - Conservative Plan Mutual Fund Units 8.72 Short Term Fund - Growth Dynamic Bond Fund - Growth 22.1 Index Fund - Growth 6.96 MNC Fund - Growth 6.36 Income Fund - Growth 6.32 India Opportunities Fund - Growth 6.22 Advantage Fund - Growth 4.7 cap Fund - Growth 3.82 Cash & Cash Equivalents Net receivables / payables 5.46 Total Net 1. Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer Value Research Rating AAF - Aggressive Equity Diversified(149 Schemes),for 3 & 5 years periods ended 31-Oct-9 9 Winner of & Best Fund - 3 yrs performance Lipper Awards India 29 Asset Allocation Fund - Growth Mixed Asset INR Balanced, (7 schemes) 3 Yrs Performance (25-28) (Past performance is no guarantee of future results.) for ranking methodology please refer page 49 38

39 Wealth Creation Special Situations Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Sanjay Chawla Managing Fund Since : September 2, 28 Total Experience : 19 years Date of inception : January 31, 28 Nature of the scheme : An Open-ended Diversified Equity Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 business days Plans / Options & NAV (As on October 31, 29) Dividend : 8.66 (Payout, Reinvestment & Sweep) Growth : 8.66 Benchmark : BSE 2 Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 4.19% Sharpe Ratio : 1.53 Beta :.9 An open-ended diversified equity scheme with an objective of the scheme is to generate long-term growth of capital by investing in a portfolio of equity and equity related securities. The Scheme would follow an investment strategy that would take advantage of Special Situations & Contrarian investment style Special Situations Fund - Growth BSE 2 Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in Special Situations Fund... Investment Period Total Investment (Rs.) Value (Rs.) of SIP in Returns (%)* BSE 2 Special BSE 2 Situations Fund Special Situations Fund Since Inception Last 1 year DateofFirstInstallment : April1,28 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Year Banks 8.41 HDFC Bank Ltd ICICI Bank Ltd Software 7.65 Oracle Financial Services Software Ltd Core Projects & Technologies Ltd Patni Computer Systems Ltd Industrial Capital Goods 6.93 Crompton Greaves Ltd Areva T and D India Ltd. 1.7 Bharat Heavy Electricals Ltd Power 6.89 Tata Power Company Ltd PTC India Ltd 2.67 Reliance Infrastructure Ltd Indiabulls Power Limited.5 Industrial Products 6.57 Sintex Industries Ltd. 3.3 Jain Irrigation Systems Ltd Kirloskar Oil Engines Ltd. 1.1 Auto 5.97 Tata Motors Ltd Mahindra & Mahindra Ltd Consumer Non Durables 5.63 Dabur India Ltd Triveni Engineering & Industries Ltd Construction 4.79 Indiabulls Real Estate Ltd. 3.6 Unitech Ltd Pharmaceuticals 4.45 Ranbaxy Laboratories Ltd Cement 4.35 Century Textiles and Industries Ltd Grasim Industries Ltd UltraTech Cement Ltd Shree Cements Ltd..12 Non - Ferrous Metals 3.58 Sterlite Industries (India) Ltd Media & Entertainment 3.57 Balaji Telefilms Ltd. 2.4 New Delhi Television Ltd..93 Television 18 India Ltd..55 Television 18 India Ltd -Partly Paid Up Shares.5 Finance 3.27 Shriram Transport Finance Company Ltd Since Inception -7.5 Ferrous Metals 2.25 Welspun Gujarat Stahl Rohren Ltd Telecom-Equipment & Accessories 1.92 OnMobile Global Limited 1.92 Paper 1.9 Ballarpur Industries Ltd. 1.9 Chemicals 1.86 Solar Industries India Ltd Hardware 1.67 Allied Digital Services Ltd Oil 1.59 Oil & Natural Gas Corporation Ltd Textile Products 1.43 Raymond Ltd Construction Project 1.6 Punj Lloyd Ltd. 1.6 Cash & Cash Equivalents 4.4 Net receivables / payables 1.66 Petroleum Products 5.75 Reliance Industries Ltd Diversified 2.44 Aditya Birla Nuvo Ltd Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) 39

40 Wealth Creation Commodity Equities Fund As on October 31, 29 Fund Manager : Mr. Ankit Sancheti and Mr. Vineet Maloo Managing Fund Since : Since Inception Total Experience : 11 years / 5 Years Date of inception : November 7, 28 Nature of the scheme : An Open-ended Growth Scheme Default option : Default Plan: Retail Plan Default Option: Growth Default Facility: Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Institutional Plan Fresh Purchase : Rs. 5,,,/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Global Agri Plan Retail Plan Dividend : (Payout, Reinvestment & Sweep) Growth : Global Multi Commodity Plan Retail Plan Dividend : (Payout, Reinvestment & Sweep) Growth : Global Precious Metals Plan Retail Plan Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark (for all plans) : Global Agri business index MSCI World index Dow Jones Precious Metals Index Average AUM Global Agri Plan : Rs Crores Global Multi Commodity Plan : Rs Crores Global Precious Metals Plan : Rs Crores Load Structure (Incl for SIP) Exit Load** : 3% if redeemed / switched out within 3 days from the date of. For redemption/switchout of units after 3 days but before 365 days from the date of : 1.% of applicable NAV. For redemption/switch-out of units after 365 days from the date of : Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : NA Sharpe Ratio : NA Beta : NA An Open ended Growth Scheme with the objective to offer long term growth of capital, by investing in (1) stocks of commodity companies, i.e., companies engaged in or focusing on the specified commodity business and/or (2) overseas mutual fund scheme(s), that have similar investment objectives. These securities could be in India or overseas (Global Agri Plan) Commodity Equities Fund - GlobalAgri Plan Retail - Growth (Global Precious Metals Plan) (Global Multi commodity Plan) Global Agri business index Commodity Equities Fund - Dow Jones Precious Commodity Equities Fund - Global Precious Metal - Retail Growth Metal Index Global Multi commodity - Retail Growth Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year. (Global Agri Plan) Foreign Equity Potash Corp of Saskatchewan Inc 6.13 Mosaic Co 3.71 Cosan Ltd 3.38 FMC Corp 3.34 Agrium Inc 3.32 Intrepid Potash Inc 2.8 Deere & Co 2.54 Monsanto Co 2.49 AGCO Corp 2.46 Bunge Ltd 1.78 Noble Group Ltd 3.68 Olam International Ltd 2.63 Indofood Agri Resources Ltd China Agri-Industries Holdings Ltd 2.87 Sinofert Holdings Ltd Since Inception MSCI World index BRF - Brasil Foods SA 2.68 Cosan Sa Industria E Comercio 1.92 Yara International ASA 3.48 GrainCorp Ltd 3.22 Uralkali 2.27 Syngenta AG 2.19 Kubota Corp 2.11 Viterra Inc 2. Israel Chemicals Ltd 1.71 Cash & Cash Equivalents 34.1 Net receivables / payables -.56 Total Net 1. (Global Multi commodity Plan) Energy Occidental Petroleum Corp 3.86 Chevron Corp 3.66 Halliburton Co 3.62 Apache Corp 3.54 Walter Energy Inc 3.4 Transocean Ltd 2.91 Chesapeake Energy Corp 2.68 StatoilHydro ASA 3.47 Total SA 2.71 Petroleo Brasileiro SA 3.1 Industrial Metal 15. Freeport-McMoRan Copper & Gold Inc 3.35 Vale SA 2.74 First Quantum Minerals Ltd 2.37 Teck Resources Ltd 1.82 Anglo American PLC 1.83 ArcelorMittal 2.32 POSCO Since Inception Hyundai Steel Co..19 Korea Zinc Co Ltd.9 Shougang Concord Intern Enterprises Co Ltd..2 Agriculture 9.93 Potash Corp of Saskatchewan Inc 3.2 Monsanto Co 1.52 Deere & Co 1.23 Mosaic Co.93 Agrium Inc.81 Yara International ASA 1.27 Syngenta AG 1.15 Precious Metal 8.53 Goldcorp Inc 1.22 Newmont Mining Corp 1.9 Yamana Gold Inc 1.4 Agnico-Eagle Mines Ltd 1.4 Gold Fields Ltd 1.1 Kinross Gold Corp Since Inception Randgold Resources Ltd.89 Barrick Gold Corp 1.28 Water 5.2 ITT Corp.89 IDEX Corp.68 Nalco Holding Co.41 Veolia Environnement.79 United Utilities Group PLC.57 Pennon Group Plc.32 Northumbrian Water Group PLC.31 Severn Trent PLC.28 Geberit AG.95 Cash & Cash Equivalents Net receivables / payables Total Net 1. (Global Precious Metals Plan) Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has not yet completed one year since its inception so the ratios could not be calculated. Foreign Equity Barrick Gold Corp 4.63 Newmont Mining Corp 4.2 Goldcorp Inc 4.12 Gold Fields Ltd 3.88 IAMGOLD Corp 3.82 Yamana Gold Inc 3.73 Randgold Resources Ltd 3.48 Eldorado Gold Corp 3.48 Cia de Minas Buenaventura SA 3.47 Agnico-Eagle Mines Ltd 3.46 Silver Wheaton Corp 3.28 Northgate Minerals Corp 3.23 Pan American Silver Corp 3.22 Harmony Gold Mining Co Ltd 3.22 AngloGold Ashanti Ltd 3.21 Royal Gold Inc 3.18 Kinross Gold Corp 3.13 Golden Star Resources Ltd 3.12 Lihir Gold Ltd 3.5 Newcrest Mining Ltd 2.94 Sino Gold Mining Ltd 2.93 Petropavlovsk Plc 3.54 Fresnillo PLC 2.87 Zijin Mining Group Co Ltd 2.71 Franco-Nevada Corp 2.49 Cash & Cash Equivalents Net receivables / payables.88 Total Net 1. 4

41 Wealth Creation International Equity Fund - Plan A As on October 31, 29 Fund Manager : Mr. Mahesh Patil & Mr. Vineet Maloo Managing Fund Since : Since Inception Total Experience : 19 years / 5 years Date of inception : October 31, 27 Nature of the scheme : An Open-ended Diversified Equity Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : 8.68 (Payout, Reinvestment & Sweep) Growth : 8.68 Benchmark : S&P Global 12 Average AUM : Rs Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 11.81% Sharpe Ratio : 1.32 Beta :.48 An open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the international markets International Equity Fund Plan A - Growth S&P Global 12 Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in International Equity Fund - Plan A... Investment Period Total Investment (Rs.) Year Since Inception S&P Global 12 Value (Rs.) of SIP in Returns (%)* International Equity Fund - Plan A S&P Global 12 International Equity Fund - Plan A Since Inception Last 1 year DateofFirstInstallment : December1,27 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Foreign Equity 96.7 United States of America Pride International Inc 4.49 Taiwan Semiconductor Manufacturing Co Ltd Teva Pharmaceutical Industries Ltd 3.9 Itau Unibanco Holding SA 3.45 Northrop Grumman Corp 2.85 Noble Corp 2.85 Microsoft Corp 2.62 Cognizant Technology Corp 2.38 Coca-Cola Co 2.29 Foster Wheeler AG 2.23 Wal-Mart Stores Inc 2.1 Oracle Corp 2.7 Coach Inc 1.81 Abercrombie & Fitch Co 1.81 Exxon Mobil Corp 1.71 Aetna Inc 1.7 Snap-On Inc 1.7 Vimpel-Communications 1.69 Aeropostale Inc 1.66 Chubb Corp 1.66 Banco Santander SA 1.17 Indicates less than.1 Accenture PLC 1.16 Hewlett-Packard Co 1.15 Travelers Cos Inc/The 1.11 Bmc Software Inc 1.11 International Business Machines Corp 1.1 Seahawk Drilling Inc.27 Hong Kong MTR Corp 4.3 China Construction Bank Corp 4.16 Wharf Holdings Ltd 3.8 Industrial & Comm Bank of China Asia Ltd 3.33 China Oilfield Services Ltd 1.72 Jiangsu Expressway Co Ltd 1.37 Shenzhen Expressway Co Ltd.58 Cheung Kong Infrastructure Holdings Ltd.1 China Mobile Ltd Switzerland 5.12 Roche Holding AG 2.76 Nestle SA 2.36 Germany 4.62 Bayer AG 3.2 E. ON AG 1.61 Norway 3.89 StatoilHydro ASA 3.89 Netherland 2.97 Akzo Nobel NV 2.97 Spain 1.55 Iberdrola SA 1.55 Finland 1.5 Fortum Oyj 1.5 France 1.16 Air Liquide SA 1.16 Cash & Cash Equivalents 7.67 Net receivables / payables Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3,29) 41

42 Wealth Creation International Equity Fund - Plan B As on October 31, 29 Fund Manager : Mr. Mahesh Patil & Mr. Vineet Maloo Managing Fund Since : Since inception Total Experience : 19 years / 5 years Date of inception : October 31, 27 Nature of the scheme : An Open-ended Diversified Equity Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 31, 29) Dividend : 8.28 (Payout, Reinvestment & Sweep) Growth : 8.28 Benchmark : Customised Index Average AUM : Rs Crores A customized benchmark created using BSE 2 to the extent of 65% of portfolio and S&P Global 12 to the extent of 35% of portfolio. Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 29.58% Sharpe Ratio : 1.47 Beta :.86 An open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the domestic and international markets International Equity Fund Plan B - Growth Customized Index+ Systematic Investment + A customized benchmark created using BSE 2 to the extent of 65% of portfolio and S&P Global 12 to the extent of 35% of Portfolio. Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in International Equity Fund - Plan B... Investment Period Year Total Investment (Rs.) Customised Index Value (Rs.) of SIP in Returns (%)* International Equity Fund - Plan B Since Inception Customised Index International Equity Fund - Plan B Since Inception Last 1 year DateofFirstInstallment : December1,27 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) A customized benchmark created using BSE 2 to the extent of 65% of portfolio and S&P Global 12 to the extent of 35% of portfolio Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) Foreign Equity 28.8 United States of America Sterlite Industries India Ltd Pride International Inc 1.2 Itau Unibanco Holding SA 1. Coca-Cola Co 1. Taiwan Semiconductor Manufacturing Co Ltd.95 Noble Corp.82 Procter & Gamble Co.78 Microsoft Corp.75 Teva Pharmaceutical Industries Ltd.74 Foster Wheeler AG.69 Northrop Grumman Corp.65 Oracle Corp.6 Coach Inc.57 Abercrombie & Fitch Co.56 Snap-On Inc.52 Aeropostale Inc.5 Aetna Inc.5 Exxon Mobil Corp.48 Vimpel-Communications.48 Wal-Mart Stores Inc.47 Chubb Corp.43 Seahawk Drilling Inc.6 Hong Kong 6.4 Wharf Holdings Ltd 1.11 Industrial & Comm Bank of China Asia Ltd.97 MTR Corp.97 China Construction Bank Corp.94 Cheung Kong Infrastructure Holdings Ltd.7 China Mobile Ltd.53 China Oilfield Services Ltd.5 Jiangsu Expressway Co Ltd.31 Switzerland 1.89 Nestle SA 1.11 Roche Holding AG.78 Germany 1.43 Bayer AG 1.7 E. ON AG.36 United Kingdom 1.26 Tata Steel Ltd GDR 1.26 Norway 1.13 StatoilHydro ASA.88 Renewable Energy Corp AS.25 Netherland.85 Akzo Nobel NV.85 Spain.35 Iberdrola SA.35 Finland.34 Fortum Oyj.34 Domestic Equity Banks ICICI Bank Ltd HDFC Bank Ltd ING Vysya Bank Ltd Axis Bank Ltd. 1.7 Allahabad Bank 1.48 Union Bank of India 1.3 State Bank of India 1.23 Software 7.26 Infosys Technologies Ltd. 4.8 Tata Consultancy Services Ltd MindTree Ltd..61 Consumer Non Durables 5.23 ITC Ltd United Breweries Holdings Ltd Colgate-Palmolive (India) Ltd. 1.9 Petroleum Products 5.9 Reliance Industries Ltd Indian Oil Corporation Ltd..64 Power 4.99 Tata Power Company Ltd Reliance Infrastructure Ltd NTPC Ltd PTC India Ltd.87 Industrial Capital Goods 4.83 Bharat Heavy Electricals Ltd Crompton Greaves Ltd Siemens Ltd..86 BEML Ltd..66 Bharat Electronics Ltd..34 Finance 4.17 HDFC Ltd ICRA Ltd. 2.6 Oil 3.74 Oil & Natural Gas Corporation Ltd Cement 2.74 Grasim Industries Ltd Jaiprakash Associates Ltd..89 UltraTech Cement Ltd..54 Construction Project 2.64 Larsen & Toubro Ltd Punj Lloyd Ltd. 1.3 Auto 2.34 Tata Motors Ltd Maruti Suzuki India Ltd. 1.3 Pharmaceuticals 2.24 Dr.Reddy's Laboratories Ltd Ferrous Metals 2.11 Tata Steel Limited.89 JSW Steel Ltd..67 Jindal Saw Ltd..55 Construction 1.77 Housing Development & Infrastructure Ltd 1.13 D.S. Kulkarni Developers Ltd..63 Telecom-Services 1.51 Bharti Airtel Ltd Media & Entertainment 1.6 Zee Entertainment Enterprises Ltd. 1.6 Non - Ferrous Metals.29 Hindustan Zinc Ltd.29 Cash & Cash Equivalents 6.16 Net receivables / payables 1.57 Total Net 1. 42

43 Wealth Creation Pure Value Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Ajay Argal Managing Fund Since : Since inception Total Experience : 16 years Date of inception : March 27, 28 Nature of the scheme : A Close-ended Diversified Equity Scheme Default option : NA Fresh Purchase : NA Additional Purchase : NA Redemption Cheques : NA Systematic Investment : NA Systematic Withdrawal : NA Systematic Transfer : NA Plans / Options & NAV (As on October 31, 29) Dividend : 13.8 (Payout & Reinvestment) Growth : 13.8 Benchmark : BSE 2 Average AUM : Rs Crores Load Structure Entry Load : NA Exit Load : Nil Investors offering units for repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV. Standard Deviation : 36.64% Sharpe Ratio : 2.15 Beta :.81 A Closed-end Diversified Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an open ended scheme. It seeks to generate consistent long term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy Pure Value Fund - Growth BSE 2 Power 1.55 Jyoti Structures Ltd PTC India Ltd 2.7 CESC Ltd Reliance Infrastructure Ltd Banks 1.41 ING Vysya Bank Ltd State Bank of India 2.1 Oriental Bank of Commerce 1.91 Bank of Baroda 1.78 Andhra Bank 1.45 Pharmaceuticals 8.99 Pfizer Ltd. 4.7 Aventis Pharma Ltd Dishman Pharmaceuticals & Chemicals Ltd. 1.7 Software 7.53 Tata Consultancy Services Ltd Infosys Technologies Ltd. 3.4 MindTree Ltd. 1.1 Oil 7.28 Oil & Natural Gas Corporation Ltd Great Offshore Ltd. 2.7 Petroleum Products 6.32 Indian Oil Corporation Ltd Year Since Inception Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Bharat Petroleum Corporation Ltd Hindustan Petroleum Corporation Ltd Non - Ferrous Metals 6.29 Hindustan Zinc Ltd 3.26 Hindalco Industries Ltd. 3.2 Consumer Non Durables 5.91 Glaxosmithkline Consumer Healthcare Ltd Mcleod Russel India Ltd Zydus Wellness Ltd..2 Pesticides 4.51 United Phosphorus Ltd Rallis India Ltd Fertilisers 3.9 Coromandel International Limited 3.18 Zuari Industries Ltd.73 Auto Ancillaries 3.74 Apollo Tyres Ltd Industrial Capital Goods 3.14 Bharat Electronics Ltd Industrial Products 2.94 FAG Bearings India Ltd Finolex Cables Ltd Construction 2.67 JMC Projects (India) Ltd 2.67 Gas 2.45 Indraprastha Gas Ltd Construction Project 2.36 Nagarjuna Construction Company Ltd Transportation 2.25 Gateway Distriparks Ltd Ferrous Metals 1.79 Maharashtra Seamless Ltd Paper 1.43 Tamil Nadu Newsprint & Papers Ltd Cash & Cash Equivalents 2.19 Net receivables / payables 3.34 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) 43

44 Wealth Creation Long Term Advantage Fund As on October 31, 29 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Ajay Argal Managing Fund Since : Since inception Total Experience : 16 years Date of inception : October 1, 26 Nature of the scheme : A 5 Years Close-ended Scheme Default option : NA Fresh Purchase : NA Additional Purchase : NA Redemption Cheques : NA Systematic Investment : NA Systematic Withdrawal : NA Systematic Transfer : NA Plans / Options & NAV (As on October 31, 29) Dividend : (Payout & Reinvestment) Growth : Benchmark : BSE Sensex Average AUM : Rs Crores Load Structure Entry Load : NA Exit Load : Nil Investors offering units for repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV. Standard Deviation : 32.62% Sharpe Ratio : -.3 Beta :.88 A 5 years close ended scheme with automatic conversion to an open ended scheme upon maturity with the objective to provide longterm capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities Long Term Advantage Fund - Growth Banks ICICI Bank Ltd. 3.2 Oriental Bank of Commerce 2.47 Axis Bank Ltd HDFC Bank Ltd. 2.1 State Bank of India 1.63 Dena Bank.51 Software 1.42 Infosys Technologies Ltd Tata Consultancy Services Ltd MindTree Ltd Subex Ltd..75 Industrial Capital Goods 8.64 Gujarat Apollo Industries Ltd McNally Bharat Engineering Company Ltd 2.24 Bharat Electronics Ltd. 2. Bharat Heavy Electricals Ltd Pesticides 7.63 Rallis India Ltd United Phosphorus Ltd Year 3 Years Since Inception BSE Sensex Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Nagarjuna Construction Company Ltd Punj Lloyd Ltd Petroleum Products 4.74 Reliance Industries Ltd Ferrous Metals 4.66 Maharashtra Seamless Ltd Tata Steel Limited 1.9 Oil 4.4 Oil & Natural Gas Corporation Ltd. 4.4 Telecom-Services 3.72 Bharti Airtel Ltd Pharmaceuticals 3.71 Dr.Reddys Laboratories Ltd Cipla Ltd..93 Power 3.54 KEC International Ltd Reliance Infrastructure Ltd. 1.3 Finance 3.1 HDFC Ltd. 3.1 Engineering 2.62 Engineers India Ltd Industrial Products 2.18 FAG Bearings India Ltd Construction 1.41 JMC Projects (India) Ltd.98 ITD Cementation India Ltd..43 Non - Ferrous Metals.87 Hindustan Zinc Ltd.87 Media & Entertainment.49 PVR Ltd..49 Fertilisers.14 Coromandel International Limited.14 Cash & Cash Equivalents 2.31 Auto Ancillaries 7.6 Exide Industries Ltd Bosch Ltd Auto 3.32 Tata Motors Ltd Mahindra & Mahindra Ltd Net receivables / payables 2.76 Total Net 1. Construction Project 6.66 Larsen & Toubro Ltd Consumer Non Durables 3.26 ITC Ltd Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) 44

45 Wealth Creation Long Term Advantage Fund Series - I As on October 31, 29 Investment Style Value Blend Growth Size Large Small A Closed-end Small and Cap Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an Open-ended scheme. It seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time Fund Manager : Mr. Ankit Sancheti Managing Fund Since : September 2, 28 Total Experience : 11 years Date of inception : May 31, 27 Nature of the scheme : A Closed-ended Small and Cap Equity Scheme Default option : NA Fresh Purchase : NA Additional Purchase : NA Redemption Cheques : NA Systematic Investment : NA Systematic Withdrawal : NA Systematic Transfer : NA Plans / Options & NAV (As on October 31, 29) Dividend : 9.47 (Payout & Reinvestment) Growth : 9.47 Benchmark : BSE 5 Average AUM : Rs Crores Load Structure Entry Load : NA Exit Load : Nil Investors offering units for repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV. Standard Deviation : 46.92% Sharpe Ratio : 1.69 Beta : Long Term Advantage Fund Series I - Growth BSE 5 Industrial Capital Goods Crompton Greaves Ltd. 4.6 Bharat Electronics Ltd Apar Industries Ltd Hindustan Dorr-Oliver Ltd Honeywell Automation India Ltd McNally Bharat Engineering Co Ltd.88 Consumer Non Durables 12.1 Glaxosmithkline Consumer Healthcare Ltd. 6.7 Mcleod Russel India Ltd Radico Khaitan Ltd Eveready Industries India Ltd Millennium Beer Industries Ltd.11 Banks 1.57 ING Vysya Bank Ltd. 3.7 The South Indian Bank Ltd Oriental Bank of Commerce 2.5 City Union Bank Ltd. 1. Bank of Maharashtra.64 Industrial Products 1.24 Jain Irrigation Systems Ltd Finolex Cables Ltd The Paper Products Limited 1.3 Greaves Cotton Ltd Sintex Industries Ltd Torrent Cables Ltd..66 Power 1.23 Jyoti Structures Ltd CESC Ltd PTC India Ltd 1.79 GVK Power & Infrastructure Ltd Kalpataru Power Transmission Ltd Gujarat Industries Power Company Ltd Year Since Inception Portfolio Asset Allocation Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Construction 5.58 JMC Projects (India) Ltd 2.22 HSIL Limited 1.77 IVRCL Infrastructures & Projects Ltd Auto Ancillaries 5.28 Wabco TVS India Ltd 2.52 Exide Industries Ltd Sundaram-Clayton Ltd Pharmaceuticals 4.96 Pfizer Ltd Dishman Pharm & Chemicals Ltd Fertilisers 3.76 Zuari Industries Ltd 1.27 DCM Shriram Consolidated Ltd. 1. Chambal Fertilisers & Chemicals Ltd..92 Aries Agro Ltd..56 Finance 2.95 ICRA Ltd Shriram Transport Finance Company Ltd..8 Network 18 Media and Investments Ltd..17 McDowell Holdings Ltd..13 Media & Entertainment 2.79 Jagran Prakashan Ltd. 2.4 Balaji Telefilms Ltd..62 PVR Ltd..13 Chemicals 2.5 Micro Inks Ltd. 2.5 Construction Project 2.15 Nagarjuna Construction Company Ltd Ferrous Metals 1.67 Jindal Saw Ltd Software 1.55 Geometric Ltd..96 Patni Computer Systems Ltd..43 Infotech Enterprises Ltd..16 Minerals/Mining 1.37 Sesa Goa Ltd Paper 1.4 Ballarpur Industries Ltd. 1.4 Petroleum Products.89 Hindustan Petroleum Corporation Ltd..89 Hardware.71 Allied Digital Services Ltd..71 Textile Products.67 Raymond Ltd..67 Diversified.59 Aditya Birla Nuvo Ltd..59 Retailing.17 Pantaloon Retail (India) Ltd..17 Cash & Cash Equivalents 1.83 Net receivables / payables 1.38 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI Explorer Risk-freerateassumedtobe3.17% (91dayT-billyieldasonOctober 3, 29) 45

46 N o v e m b e r 2 9 Dividend History (For select Schemes) EQUITY SCHEMES 46 EQUITY SCHEMES Declared on date Dividend (%) Dividend (Rs. per unit) Face value (Rs.) Cum Dividend NAV (Rs. per unit) Advantage Fund Total dividend declared since inception (Feb 24, 1995) = 4% Dividend Yield Plus Total dividend declared since inception (Feb 26, 23) = 193.8% Tax Plan Total dividend declared since inception (Feb 16, 1999) = 255% Index Fund Total dividend declared since inception (Sept 18, 22) = 137.5% India GenNext Fund India Opportunities Fund Total dividend declared since inception (Dec 27, 1999) = 167.5% cap Fund Total dividend declared since inception (Oct 3, 22) = 252.5% MNC Fund Total dividend declared since inception (Dec 27, 1999) =31% Basic Industries Fund Total dividend declared since inception (Jan 15, 2) = 345% Buy India Fund Equity Fund Total dividend declared since inception (Aug 27, 1998) = 495% Frontline Equity Fund Total dividend declared since inception (Aug 3, 22) = 265% New Millennium Fund Tax Relief 96 Total dividend declared since inception (Mar 29, 1996) = 22% Top 1 Fund 28-Nov Jan Mar Mar Dec Apr Sep May Jun Jul Sep Oct Dec Feb Sep Dec Mar Jul Oct Jan Apr Oct Apr Nov Jun Oct Oct Mar Oct Dec Feb Mar Mar Oct Feb Mar Apr Jul Jan Feb Oct Sep Sep Jun Jul Dec Oct Jan Feb Dec Dec Jun Jul Feb Aug Jan Aug Sep Mar Oct Mar Jan Apr Jun Mar Sep Sep Mar Sep Mar Sep Mar Oct Mar Sep Mar Oct Feb Mar Aug Oct Aug Mar Oct Feb Aug Jun Aug Jul Jun Sep Dec Jan Mar Mar Jun Aug May Oct After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.

47 N o v e m b e r 2 9 Dividend History (For select Schemes) HYBRID & MONTHLY INCOME SCHEMES Non Corporate Corporate DEBT SCHEMES Date Face Value Dividend Dividend Cum Dividend NAV Dividend Dividend (%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit) Freedom Fund 17-Oct Total dividend declared 2-Jan since inception (Oct 12, 1999) = 8% 8-Jul MIP (Monthly Dividend Plan) 29-Feb Mar Apr May Jun Aug Jan Apr May Jun Jul Aug Sep Oct MIP II - Savings 5 Plan (Monthly Dividend Plan) MIP II - Wealth 25 Plan (Monthly Dividend Plan) '95 Fund Total dividend declared since inception (Feb 1, 1995) = 385% 17-Oct Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Oct Nov Dec Jan Feb Mar Apr May May Jun Jul Aug Sep Oct Jun Mar Oct Mar Oct Mar Oct Mar Oct Mar Oct Mar May Oct Monthly Income - 29-Feb Monthly Dividend 31-Mar Apr May Jan Feb Mar Apr May Jun Jul Aug Sep Oct Monthly Income - 31-Mar Quarterly Dividend 3-Jun Sep Dec Mar Jun Sep After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results. 47

48 N o v e m b e r 2 9 Dividend History (For select Schemes) DEBT SCHEMES Non Corporate Corporate DEBT SCHEMES Date Face Value Dividend Dividend Cum Dividend NAV Dividend Dividend (%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit) Short Term 16-Jun Opportunities Fund 15-Sep Dec Mar Apr Jun Sep Dynamic Bond Fund - Retail 31-Dec Quarterly Dividend 3-Mar Apr Jun Sep Gilt Plus - Liquid Plan - 16-Jun (Quarterly Dividend) 15-Sep Oct Dec Mar Jun Sep Gilt Plus - PF Plan 17-Mar (Quarterly Dividend) 16-Jun Sep Dec Mar Jun Sep Gilt Plus - Regular Plan 17-Mar (Quarterly Dividend) 16-Jun Sep Dec Mar Jun Sep Income Plus 17-Dec (Quartery Dividend) 17-Mar Jun Sep Dec Mar Jun Sep Govt. Securities - 17-Mar Long Term Dividend 16-Mar Sep Govt. Securities - 17-Mar Short Term Dividend 16-Jun Sep Dec Mar Jun Sep Income Fund- 17-Sep Half Yearly Dividend 17-Mar Mar Income Fund - 17-Mar Quarterly Dividend 16-Jun Sep Dec Mar Jun Sep Savings Fund - 28-Aug Institutional Monthly Dividend 25-Sep Oct Savings Fund - 28-Aug Retail Monthly Dividend 25-Sep Oct Short Term Fund - 31-Aug Monthly Dividend 29-Sep Oct After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.

49 N o v e m b e r 2 9 Methodology of Ranking Value Research Ratings Ratingsareason 3Sept 9. Rankingisdoneonthefollowingparametersdependingonschemecategory. Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is CRISIL~CPR 1 - indicates Very Good" performance & ranks within top 1 percentile of the respective category. based on the weighted average monthly returns for the last 3 and 5-year periods. In the case of debt funds this rating is based on the weighted CRISIL~CPR 2 - indicates Good" performance & ranks within top 11th - 3th percentile of the respective category. average weekly returns for the last 18 months and 3-year periods and in case of short-term debt funds - weekly returns for the last 18 months. These ratings do not take into consideration any entry or exit load. Each category must have a minimum of 1 funds for it to be rated. Effective, Parameters Scheme Category July 28, we have put an additional qualifying criteria, whereby a fund with less than Rs 5 crore of average AUM in the past six months will not Superior Return Score Large Cap Oriented Equity, Diversified Equity, Small and cap, ELSS, Balanced, Debt, MIP be eligible for rating. (Aggressive & Conservative), Gilt-Long and Consistent CPR Performers Equity, Balanced and Debt Five-stars indicate that a fund is in the top 1% of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the Mean Return and Volatility Debt-Short, Ultra Short Term Debt, Liquid, Liquid Institutional & Liquid Super Institutional and Consistent next 22.5%, middle 35% receive three stars, the next 22.5% are assigned two stars while the bottom 1% receive one star. The number of CPR Performers - Liquid schemes in each category is mentioned along side the categories name. Equity Diversified (149), Equity : Index (19), Equity Tax Planning Portfolio Concentration Analysis All Schemes (24), Hybrid Equity Oriented (28), Hybrid: Monthly Income (33), Debt: Medium-term (38), Gilt: Medium and Long-term (29), Gilt: Short-term (13), Debt: Ultra Short-term (4), Debt: Ultra Short-term Institutional (45), Debt: Short-term (19), Debt: Floating Rate Short-term (13),Debt: Liquidity Analysis All Schemes Floating Rate Long-term (1), Hybrid:Debt-oriented (16),Debt:Liquid Plus: (26),Debt:Liquid Plus Institutional:(24). These Fund Ratings are Asset Quality Debt Schemes as on October 31, 29. Average Maturity Debt Schemes The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to Downside Risk Probability Debt- Short Term, Liquid, Ultra Short Term Debt, Liquid- Institutional & Super Institutional change every month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the accuracy. Asset Size Debt- Short Term, Liquid, Ultra Short Term Debt, Liquid- Institutional & Super Institutional PastPerformanceisnoguaranteeoffutureresults HistoricperformanceonCRISIL~CPR ConsistentCPRPerformer Equity, Balanced, DebtandLiquidcategories ICRA Mutual Fund Awards29 RankingMethodologyand Disclaimer Ranking Source: Crisil FundServices, CRISIL Dynamic Bond Fund 7-Star Fund in Open Ended Debt - Short Term schemes category 17 Schemes 1 year performance ended 31 Dec 28. Dividend Yield Plus 5-Star Fund in Open Ended Diversified Equity - Aggressive schemes Category 51 & Lipper Awards India 29 - Award Methodology & Disclaimers: Schemes 1 year performance ended 31 Dec 28. MNC Fund 5-Star Fund in Open Ended Diversified Equity - Aggressive Mutual Fund: Best Group over 3 years (25-28). Group Name - Mixed Asset, Size: 12 fund houses were eligible for the schemes Category 51 Schemes 1 year performance ended 31 Dec 28. Frontline Equity Fund - 5-Star Fund in the category group award. Fund groups with at least five equity, five bond, or three mixed-asset portfolios in the respective asset classes were eligible for a of Open Ended Diversified Equity - Defensive schemes Category 51 Schemes 1 year performance ended 31 Dec 28. group award. The lowest average decile(1) rank of the three years Consistent Return measure of the eligible funds per asset class and group Frontline Equity Fund Two 5-Star Fund Rankings both in Open Ended Diversified Equity - Defensive schemes Category 51 and 55 determined the asset class group award winner. Schemes 1 and 3 year performance ended 31 Dec 28 respectively. Liquid Plus - Institutional Plan - 5-Star Fund in the Asset Allocation Fund-Moderate Plan-Growth (BSLAAF-MP-GR): Best Fund 3 year performance (25-28) No. of category of Open Ended Liquid Plus - InstitutionalPlan schemes Category 34 Schemes 1 year performanceended 31 Dec 28. Birla Sun Schemes: 7; Classification-Mixed Asset INR Balanced, Life Income Plus - 5-Star Fund in the category of Open Ended Debt Long Term schemes Category 21 Schemes 3 year performance Income Fund-Growth (BSLIF-Gr): Best Fund - 3 year performance (25-28) & 1 year performance ( ), No. of ended 31 Dec 28. Gilt Plus-RegularPlan - 5-Star Fund in the category of Open Ended Gilt schemes Category 21 Schemes Schemes: 99 & 16 respectively ; Classification-Bond Indian Rupee-General. 3 year performance ended 31 Dec 28. The rank for the schemes is an outcome of an objective and comparative analysis against various parameters,including:risk adjustedreturn, fund size, company concentration,portfolioturnoverand liquidity.7-star Fund Rank indicates- Best BSLAAF-MP-Gr & BSLIF-Gr are awarded Lipper Awards India 29 on the basis of Consistent Return (Effective Return) value over the Performance amongst the 5-Star Funds. 5-Star Fund Rank indicates - Best performance (Top 1% of the category). Entry/Exit Loads not relevant performance period. Entry/Exit load not considered. Past performance is no guarantee of future results. Ranking source: Lipper considered.past Performanceis no guaranteeof futureresults.rankingsource& Publisher:ICRA Online Limited - A Reuter Co. + ICRA mfaaa and mfa1+ Rating Methodology for Floating Rate (Short Term & Long Term) and Cash Plus Respectively Floating Rate Fund Short Term Plan & Floating Rate Fund Long Term Plan: The credit risk rating assigned to the schemes is mfaaa. The rating is the highest-credit-quality rating assigned by ICRA to debt funds. Cash Plus: The credit risk rating assigned to the scheme is mfa1+. The highest-credit-quality short-term rating assigned by ICRA to debt funds. Rating methodology used by ICRA is based on evaluating the inherent credit quality of the funds portfolio. As a measure of the credit quality of a debt fund s assets, ICRA uses the concept of credit scores, based on ICRA s assessment of credit risk associated with each exposure of the portfolio taking into account its maturity, investment objectives and policies, its management characteristics and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. Source: ICRA Ltd. *AAAf:CRISIL AAAf Rating Methodology for Savings Fund, Income Plus, Cash Manager,Birla Sun Life Income Fund, Short Term Fund and Dynamic Bond Fund AAAf The fund s portfolio holdings provide very strong protection against losses from credit defaults. The credit quality ratings are based on an analysis of the fund s investment philosophy, its management, investment strategies, operational policies and internal controls. Credit quality incorporates the credit risk of securities and the counter-party risk involved in transactions CRISIL has developed a Credit Quality Matrix to evaluate a bond fund s overall level of protection against losses associated with credit default. The matrix is a set of credit factors & credit scores derived scientifically from CRISIL s rating default and transition rates over past ten years. Ranking source: CRISIL FundServices, CRISIL Ltd. ^^Crisil CPR Ranking Methodology & Disclaimer Frontline Equity Fund: CRISIL~CPR 1 -In Diversified Equity Scheme Category (76 Schemes). Dividend Yield Plus: CRISIL~CPR 1 -In Diversified Equity Scheme Category (76 Schemes). Dynamic Bond Fund: CRISIL~CPR 2 -In Debt Short Term Scheme Category (24 Schemes). cap Fund: CRISIL~CPR 2 -In Small & Equity Scheme Category (21 Schemes). cap Fund: CRISIL~CPR2-ConsistentCPRPerformer - Equity (31Schemes). MNC Fund: CRISIL~CPR2-InDiversifiedEquitySchemeCategory (76Schemes). 95 Fund: CRISIL~CPR 2 -Consistent CPR Performer - Balanced (14 Schemes). 95 Fund: CRISIL~CPR 2 -In Hybrid Equity-Oriented Category (2 Schemes). Income Plus: CRISIL~CPR 1 - Consistent CPR Performer - Debt (13 Schemes) Income Plus: CRISIL~CPR 2 - Income Scheme Category (25 Schemes) Short Term Fund - Retail Plan: CRISIL~CPR 1 - Debt Short Term Scheme Category (24 Schemes). Cash Plus - Retail Plan: CRISIL~CPR 2 Consistent CPR Performer - Liquid (16 Schemes) Cash Plus - Institutional Premium Plan: CRISIL~CPR 2 - Liquid Institutional(18 Schemes) Cash Manager - Institutional Plan: CRISIL~CPR 2 - Liquid Institutional(13 Schemes) Savings Fund -Retail Plan: CRISIL~CPR 2 - Ultra Short Term Debt (33 Schemes) Savings Fund - Instituitional Plan: CRISIL~CPR1-UltraShortTermDebt - Institutional SchemeCategory (2Schemes) Monthly Income: CRISIL~CPR2-MIPConservative SchemeCategory (1Schemes) MIP II - Savings 5 Plan: CRISIL~CPR1-MIPConservative SchemeCategory (1Schemes) TOP 1 Fund: CRISIL~CPR 2 - Large Cap Oriented Equity Schemes Category (28 Schemes) CRISIL~Composite Performance Ranking - (CRISIL~CPR) is the relative performance ranking of mutual fund schemes within the peer group. The criteria used for computing the ranking are AUM in excess of category cut-off limits & portfolio disclosure and performance in case of Liquid Plans, Liquid Institutional and Debt-Short Term Last 1 years; All other Schemes Last 2 years and 5 yrs CPR track record for consistent CPR Performers. Fund Lipper World Ranks for 1yr,5yrs,1yrs & 13 yrs Time Periods ended Sept'9 and Lipper Ranking Methodology and Disclaimer: Lipper World Ranking for 1yr,5yrs,1yrs & 13 yrs Time Periods ended Sept'9: Tax Relief '96-1yr: Ranked 1219 out of Equity funds with 38.65% CAGR. 5yr: Ranked 315 out of Equity funds with 22.99% CAGR. 1yrs: Ranked 46 out of 774 Equity funds with 24.94% CAGR. 13yr: Ranked 1st out of 36 Equity funds with 35.33% CAGR. Lipper Ranking Methodology and Disclaimers: Tax Relief '96 is ranked as World's Best-Performing Equity Fund & has secured the 1st rank among Equity funds as per Lipper global fund data for its 13 yr performance. Category considered for all the above rankings: Equity funds as per Lipper global fund data. The above rankings by Lipper are based on annualized returns, denominated in INR, for said time periods i.e 3 Sept '8 to 3 Sept '9, 3 Sept '4 to 3 Sept '9, 3 Sept '99 to 3 Sept '9 and from 3 Sept '96 to 3 Sept '9 for 1,5,1 & 13 yr ranks respectively. These are based on a customized report which highlight the top performing equity funds in the world during the year 29(with minimum track record of respective time period considered as of Sept '9) & excludes ETFs & close ended funds. Loads & Taxes not considered. Past Performance is no guarantee of future results. Data source: Lipper, a Thomson Reuters S & P Fund Management Rating Standard & Poor s A: The fund demonstrates high standards of quality based on its investment process, risk awareness and consistency of performance relative to its own objectives. Ranking Methodology: The Fund has provided consistent, above average, risk-adjusted returns relative to its peers over a three-year period ending December 31, 26. The Fund is assessed by S&P on basis of quantitative factors viz. historical performance for consistency, discrete period performance comparisons and measurement over 3 discrete twelve-month periods, including 6 month moving average size, turnover, dealing, liquidity of portfolio, gearing, client base, cost, fees and on evaluation of qualitative factors viz. fund management group, portfolio manager and investment team that contributes to long term performance. For detailed rating methodology of Morningstar, please refer our website: && CNBC TV18 - CRISIL Mutual Fund of the Year Award for 27 & 28 - Award Methodology & Disclaimer Mutual Fund, Category - Mutual Fund House of the Year, out of 27 fund houses for 28 awards and out of 26 fund houses for 27 awards. Fund Houses winning at least two awards for their schemes in the category level awards for 28 and 27 respectively were considered for the award based on consistency of fund house's performance across various scheme categories in the four quarterly CRISIL CPR rankings released during the calendar year 28 and 27 respectively. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses in both the years. A detailed methodology of the CRISIL CPR is available at Ranking & Award Source: CRISIL Fund Services, CRISIL Ltd. Past performance is no guarantee of future results A detailed methodology of the CRISIL CPR is available at Ranking & Award Source: CRISIL Fund Services, CRISIL Ltd. && CNBC TV18 - CRISIL Mutual Fund of the Year Award for 28 - Award Methodology & Disclaimer Mutual Fund, Category Debt Fund House of the Year, out of 27 Fund houses. The award is based on consistency of fund house s performance across the Gilt, Income, Income Short, Liquid Retail, Liquid Institutional, Liquid Super Institutional, MIP (Aggressive & Conservative) and Liquid Plus categories in the four quarterly CRISIL CPR rankings released during the calendar year 28. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses. Income Fund (Income Category) 17 schemes: Only Winner. Short Term Fund - Retail (Income Short Term Funds) 15 schemes: Only Winner. Gilt Plus Regular Plan (Gilt Category) 11 schemes: Only Winner. Schemes present in all four quarterly CRISIL CPRs were considered for the award. The award is based on consistency of the scheme s performance in the four quarterly CRISIL CPR rankings released during the calendar year 28. The individual CRISIL CPR parameter scores averaged for the four quarters were further multiplied by the parameter weights as per the CRISIL CPR methodology to arrive at the final scores. A detailed methodology of the CRISIL CPR is available at A detailed methodology of the CRISIL CPR is available at Ranking & Award Source: CRISIL Fund Services, CRISIL Ltd. Past performance is no guarantee of future results For further details on our Funds, please contact our Customers Service Centres at details given below. IDEA Toll Free No & the centralised TOLL no AGRA JAIPUR PANJIM AHMEDABAD JALANDHAR PATIALA AJMER JAMSHEDPUR PONDICHERY ALWAR JODHPUR PUNE AMRITSAR KANPUR RAIPUR AURANGABAD KOLHAPUR RAJKOT BARODA KOTA RANCHI BELGAUM LUCKNOW SALEM BHILLAI LUDHIANA SHIMLA BHOPAL MADURAI SILIGURI CALICUT MANDIGOBINDGARH SURAT CHENNAI(Adiyar) MANGALORE TRICHY COIMBATORE MEERUT UDAIPUR DEHRADUN MORADABAD VALSAD DHANBAD MUMBAI(Borivali) VARANASI ERODE MUMBAI(Ghatkopar) VASHI GURGAON MUMBAI(Churchgate) VIJAYWADA HYDERABAD(Abids) NAGPUR VISAG INDORE NASIK JABALPUR PANIPAT BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD. BRANCHES ALLAHABAD : / AMBALA : AMRAVATI : ANAND : BANGALURU (Jayanagar) : BANGALURU (Malleswaram) : BANGALURU(Cunningham House Rd) : / 2 / 3 BHAVNAGAR : BHUBANESHWAR : / 3413 CHANDIGARH : CHENNAI (Anna Nagar) : / 1 / 2 / 4 / 6 CHENNAI (Egmore) : / 78 / 715 / 699 COCHIN : / / DELHI : DURGAPUR : / 19 / GUWAHATI : / GWALIOR : / 378 HUBLI : / JAMMU : JAMNAGAR : KOLKATA : / 4 / 5 MADURAI : / 83 MARGAO : MATHURA / 6959 MEHASANA : / 16 MUMBAI (Head Office) : MYSORE : / 1 / 2 NOIDA : PATNA : / 66 THANE : / 1 TRIVANDRUM : VAPI : / 6 VISHAKAPATNAM : / 8 Disclaimer: Any information contained in this publication does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, Asset Management Company Ltd.(BSLAMC)/ its subsidiaries / affiliates / sponsors / trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication from time to time. Recipients of the information contained herein should exercise due care and caution and read the offer documents (including if necessary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. Editorial opinions expressed in the 'Connect' are not necessarily those of BSLAMC. or any of their officers, employees, personnel, directors and BSLAMC. and its officers, employees, personnel, directors do not accept responsibility for the editorial content. BSLAMC. or any of its officers, employees, personnel, directors make no representation as to the accuracy, completeness or reliability of the editorial content and hereby disclaim any liability with regard to the same. Statutory Details: Constitution: Mutual Fund (BSLMF) has been set up as a Trust under the Indian Trust Act, Sponsors: Aditya Birla Nuvo Limited and Sun Life (India) AMC Investments Inc. (liability restricted to seed corpus of Rs. 1 Lac). Trustee: Birla Sun Life Trustee Company Pvt. Ltd. Investment Manager: Asset Management Company Ltd.Risk Factors: Mutual Funds and securities investments are subject to market risks and there can be no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units under the Scheme may go up or down depending on the various factors and forces affecting capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Schemes and may not necessarily provide a basis of comparison with other investments. The names of the Schemes do not, in any manner, indicate either the quality of the Schemes or their future prospects or returns. Unitholders in the schemes are not being offered any guaranteed/assured returns. Investors should read the Statement of Additional Information / Scheme Information Document/ Key Information Memorandum available at Investor Service Centers and with distributors carefully before investing. The Material provided in the Connect cannot be reproduced or quoted anywhere without express permission from Asset Management Company Ltd. 49

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