Reliance Tax Saver (ELSS) Fund

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2 fun e ge Your Fund Guide Vision Fund Growth Fund Banking Fund Diversified Power Sector Fund Pharma Fund Media & Entertainment Fund NRI Equity Fund Tax Saver (ELSS) Fund Equity Opportunities Fund Regular Saving Fund Equity Fund Long Term Equity Fund Equity Advantage Fund Natural Resources Fund Quant Plus Fund Equity Linked Savings Fund- Series I Banking Exchange Trade Fund Vision Fund This fund was launched in October 1995, with an objective to achieve long-term capital growth. It focuses on companies with large-size capitalization with a small exposure to companies with a mid-size capitalization. Growth Fund This fund focuses on companies with mid-size capitalization, with a small exposure to companies with a large-size capitalization. The strategy is to invest in companies which show the potential to become bluechip, even before they become one. Banking Fund This fund will enable the investor to allocate his equity assets according to his sectoral preferences and use the fund to implement his views on the sector. It will also enable investors to diversify in thematic fund investing in the banking sector. Diversified Power Sector Fund This fund will enable the investor to allocate his equity assets according to his sectoral preferences and use the fund to implement his views on the sector. It will also enable investors to diversify in thematic fund investing in the power sector. Pharma Fund This fund will enable the investor to allocate his equity assets according to his sectoral preferences and use the fund to implement his views on the sector. It will also enable investors to diversify in thematic fund investing in the pharmaceutical sector. Media & Entertainment Fund This fund will enable the investor to allocate his equity assets according to his sectoral preferences and use the fund to implement his views on the sector. It will also enable investors to diversify in thematic fund investing in the media and entertainment sector. NRI Equity Fund This fund is an ideal offering for NRI investors who are seeking exposure to equity to participate in Indian markets in the diversified equity space. It will be focusing on companies with relatively higher market capitalization and having good liquidity in the stock market. The investment philosophy is to focus on investment ideas that would benefit significantly from the strong investment phase that India is currently witnessing. Tax Saver (ELSS) Fund Investing in Tax Saver (ELSS) fund helps in enjoying the dual advantage of Tax Saving and Growth Potential of Equity. The investment philosophy is to focus on investment ideas that would benefit significantly from the strong investment phase that India is currently witnessing. A mix of both top down and bottom up strategy is considered and Mutual Fund has in house expertise in both. Stock selection remains the most important factor for long-term performance. ELSS allows you to take a minimum three year perspective for its investments enabling the fund manager to take a long-term call on the markets with no daily redemption pressures. Equity Opportunities Fund This fund will invest in stocks across sectors and industries of all market capitalization. It will aim to capture and take advantage of any opportunity, which arises, in the market irrespective of the sector and market capitalization. Regular Saving Fund Regular Saving fund (Equity Option) adopts a multicap strategy that aims to invest in companies across all sectors and market capitalization. The portfolio seeks long term capital growth by investing in companies demonstrating distinct competitive advantages and potential for sustainable growth that may not be reflected in their current prices. The scheme also provides flexibility to capitalize on market trends in volatile markets where the valuation differential between midcap and large-cap stocks starts getting magnified throwing up opportunities. Equity Fund We believe that, opportunities exist in the market at any given point in time, but identifying and taking advantage of them holds the key. At any given period of time there are some stocks which give positive returns and some stocks which give negative returns. Generate long-term returns by investing in a diversified portfolio of stocks. It helps in minimizing the downside risk - by being in a hedged position. Long-Term Equity Fund This fund is targeted towards investors having a long-term investment horizon of around three to five years. The fund will predominantly concentrate on opportunities in small and midcap space. This nature of the fund will enable the fund manager to take calls on stocks that are expected to perform over a longer period of time without worrying much about short-term market aberrations. Equity Advantage Fund The broad investment strategy of the scheme will be to invest in a portfolio predominantly of equity and equity related instruments with investments predominantly in S & P CNX Nifty stocks. The fund proposes to invest 100 per cent of the net equity investments in line with the sector ratio of S & P CNX Nifty. The fund will endeavor to replicate the sector allocation of the S & P CNX Nifty on a monthly basis. At least 80 per cent of the equity investments will be in S & P CNX Nifty stocks and the balance exposure in other stocks. The investment gamut will mainly be stocks in S & P CNX Nifty index and to a small extent in other stocks belonging to any/ all sectors. Natural Resources Fund This fund invests principally in equity securities of issuers in natural resources industries. It may invest in securities of issuers located anywhere in the world and normally will invest in securities of companies listed the Bombay Stock Exchange Limited (BSE), London Stock Exchange Limited (LSE), New York Stock Exchange (NYSE), Toronto Stock Exchange (TSE) and Australian Stock Exchange (ASX). The Indian investor like his counterparts in the emerging economies is exposed to the economic risks associated with steep and rapid rise in the prices of Natural Resources. The scheme allows Indian investors to participate in the equities of companies in Natural Resources Sector. Quant Plus Fund This fund approaches stock selection process based on quantitative analysis. The fund will focus on stocks from constituents of S&P CNX Nifty. Equity Linked Saving Fund - Series I The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equities along with income tax benefit. The fund managers will follow an active investment strategy taking defensive/aggressive postures depending on opportunities available at various point of time. Banking Exchange Traded Fund It is designed to provide returns that closely correspond to the total returns of stocks as represented by the CNX Bank Index. Cost Effective: The expenses incurred in buying and selling units and the schemes ongoing expenses will be less than the costs associated with buying and selling of individual stocks of banks Low expense ratio: Less expense ratio as compared to traditional/active diversified equity schemes Real time trading on NSE: Available in Demat form Liquidity & Transparency: Its units can be traded like a share and therefore it provides the ability to buy and sell them quickly at the ruling market price and therefore highly liquid 2 Fundamentals March 2009

3 fromthe EquityDesk Overview The markets moved in a range for early part of the month. However, volatility continued to be high. Towards the end of the month, reaction set in line with global markets. The disappointment over the interim budget also contributed to the weak sentiments. The Sensex fell to a low of 8619, before recovering a bit. It closed the month at 8892, down nearly 6%. Cement and auto stocks generally did well during the month. FIIs turned sellers in January to the tune of $604mn. Mutual Funds also were net sellers to the tune of $360mn during the month. There were no major initiatives or measures announced in the vote-on-account. However, departing from normal practice, Railway Minister Lalu Prasad announced a two per cent cut in passenger fares across the board. Government also announced another fiscal stimulus package of 300bn with cut in excise duty and service tax being the key measures. India s GDP grew by 5.3 per cent in the third quarter, as manufacturing contracted and even agriculture surprisingly showing contraction. Core sector growth continued to disappoint at 2.3% for December. Growth in industrial production came in at 2% in December. Trade deficit declined in December 08 to $12.7bn. Forex reserves fell to $250bn as on February 20. Inflation continued to fall aggressively, touching 3.36% in the week ended February 14. The Company Law Board approved a proposal sell equity stake to a strategic investor in Satyam Computer and also to increase the share capital. In other corporate news, the boards of Industries Ltd. (RIL) and Petroleum Ltd. (RPL) decided to merge the two entities. Crude oil prices recovered to $45 per barrel. Non-ferrous metals with copper in particular registered smart gains on better demand outlook from China. Indian Rupee fell sharply to 51 to the USD. Outlook The investment environment continues to remain as challenging as ever. However, the intent of the US regulators in going whole hog to protect the sanity of their financial system has helped in somewhat reviving confidence. Equity markets globally have started to inch upwards and with some confidence returning, fund flows have also started to improve. Commodities in general have also stabilized for now. Though it is too early to say that we have hit the bottom, it would not be unfair to say that we have factored in most of the known problems and more at current valuations. While not sounding too optimist, we have already started deploying cash cautiously and would continue to do so over the next few months. Election uncertainty is one sure thing that makes us cautious and would be at the back of our mind to change our strategy, if at all. Sunil Singhania Fund Manager fromthe DebtDesk R Overview BI continued aggressively cutting its key interest rate and announced second stimulus package within a time frame of one month. The key highlights of the month include falling headline inflation number, comfortable liquidity and additional government borrowing announcement. RBI announced rate cut of repo and reverse repo by 100 bps each to 5.5% and 4% respectively and cash reserve ratio (CRR) by 50 bps to 5%. Along with the aggressive monetary easing, the Central Government also announced the second fiscal stimulus package.. The second stimulus package includes: i) Ceilings on ECB borrowing removed under the approval route of RBI; ii) FII investment limit in corporate bonds increased from $ 6 bn to $ 15 bn; iii) To meet expenditures, states will be allowed to raise in FY09 additional market borrowings of 0.5% of their GDP (amounting to about 30,000 cr for capital expenditures); iv) IIFCL will be allowed to access in tranches an additional.30,000 cr by way of tax free bonds; v) Recapitalization of the public sector banks to the tune of crore over the next two years. After the sudden rate cuts by RBI the 10 year benchmark Gsec rallied and yield on the same touched a intraday four year low of 4.88% levels before closing the day at 5.07% levels. But the rally was halted on announcement of additional borrowing to the extent of.25000cr by RBI. In reaction to the above announcement the 10 year benchmark yield rose as high as 6.24% levels during the month and also to the some extent profit booking was witnessed. Rising fiscal deficit and reduced possibilities on execution of 3G auction, increased fear of additional borrowing by government and dampened the positive bond market sentiments. Fiscal deficit in the first nine months of FY09 (April-Dec) rose to 163% of the Budgeted estimates and 4% of GDP on slowing in revenue growth and accelerating revenue expenditure. To fill up this gap, the RBI is expected to announce the additional market borrowing. However given soft interest rate scenario the 10year Gsec again rallied and yield fall to 5.60% levels ahead of quarterly review on monetary policy with increased expectations on further rate cuts. In the third quarter monetary policy meeting, the RBI left the benchmark rates unchanged. However, the RBI, in its statement, announced that The Reserve Bank will continue to maintain vigil, monitor domestic and global developments, and take swift and effective action to minimise the impact of the crisis and restore the economy Fundamentals March

4 to its potential growth path with price stability. The 10 year Gsec finally closed at 5.91% levels at the month end Vs. 5.61% last month. Corporate bonds followed G-secs yields and the spread between Gsec and Corporate bonds contracted from bps to 285 bps by the month end. On the shorter end of the yield curve one year CD rate dropped significantly from 8.50% levels to 7.10% levels. The liquidity conditions continued to be comfortable with the overnight rate hovering between 4.25% to 5.25% levels during the month. During the month, the inflation continued to decelerate, fuelled mainly by low global fuel and commodity prices, declining domestic manufacturing prices and seasonal factors. WPI-based inflation rate came down from an average of 6.43% in December to 5.64% by mid-january. Going forward, inflation is expected to decline even faster, on account of second domestic fuel price cut, on benign global fuel prices environment and base effect. In Nov 08, industrial production growth continued to be sluggish on slowing global and domestic economic growth, lagged effects of high interest rate regime and global creditcrunch. However, it was positive at 2.4%oya (as against -0.3% oya in Oct 08) on account of favourable base effect.iip for period Apr- Nov grew at 3.9% oya compared to 9.2% last year same period, indicating that the industrial production and hence the GDP growth is slowing. During the month, the rupee depreciated marginally (0.4%) against the dollar as against appreciation of average 0.7% in December. Appreciating dollar, global credit crunch, deteriorating trade deficit, declining forex reserves and demand from importers continued to put strain on the rupee. Major Central banks around the globe continued to aggressively cut their benchmark rates. Bank of England cut the rate by 50 points to 1.5% (the lowest since 1951), while European Central Bank cut it by 50 points to 2%, while New Zealand sliced interest rates by a record 150 bps to 3.5%. Outlook Inflation is likely to drift down on account of impact of domestic oil price cut and base effect. Given soft interest rate scenario, likely additional government borrowing due to increase fiscal gap market may remain cautious and will take fresh cues from any announcement on additional borrowing or interest rate actions by RBI. But our medium to long term view is positive on account of falling inflation numbers and soft interest rate scenario. Prashant Pimple Fund Manager fromthe GoldDesk Overview Gold, the safe haven asset, has outperformed most of the other assets at the time when globally financial markets are weakening. In spite of expanding balance sheets regulators are still trying to infuse liquidity into the system to stem out the global financial crisis without really worrying about longer term implications. Many seem to be baffled by present deflationary environments and anticipated inflationary environment. The global downturn began with U.S. housing market slump which triggered a crisis in debt-derivatives markets and then gathered strength to engulf most of the asset classes around the world. Suspicion about we being in the worst economic crisis are increasing. Globally governments are the only entity trying to salvage us from deflationary environment by increasing money supply. Such increase in money supply has a potential to boomerang as higher inflation and will deteriorate growth outlook as well. Many seem to argue that lower asset prices would outweigh inflation fears. But it becomes difficult to digest how economy is going to rebound unless liquidity eases out and credit growth expands without giving rise to inflation. Experts believe that either we are going to remain in deflationary environment or we will be fighting inflation in coming months. Commodities and equities have failed to attract investor interest despite attractive valuations and investors seem to be on the sideline waiting for dust to settle down. With no clear sign of recovery many are wondering whether markets have already bottomed out or markets are yet to make new lows. Even if we have bottomed out, it would a long time before market participants become aggressively bullish to drive up prices. Either ways alternative assets would remain the flavor of the day for some time now. SPDR, the world largest gold ETF, has recorded more than 63 tones of inflows only in the month of January. Record high investment inflows in ETFs, bars and coins coupled with flat to declining mine supply and decreasing central banks sales are pushing gold prices higher. Besides the speculative interest on worlds largest gold exchange- COMEX is still below the historical highs suggesting there is potential for further upside as interest can rise. Outlook Because of financial meltdown investment flows have being diverted to US treasury resulting in sub 3% yields and dollar appreciation. However situation is likely to reverse in coming days and would lead to dollar deprecation and outflows of funds from US treasuries. This will benefit gold the most among all the other assets as gold. The present deflationary environment is likely to benefit gold as gold is seen as a safe haven asset and it has no significant correlation with most other asset classes. Similarly higher inflation is likely to benefit gold as it is seen a good hedge against inflation. Thus the present market environment makes gold the most attractive investment. Jewelry demand has been suppressed due to higher gold price since last few quarters and investors are likely to resurface at lower prices make up for the uncatered jewelry appetite. Hefty investment demand at higher levels and huge anticipated jewelry demand at lower levels should keep gold prices at elevated levels. Confirming the bullish sentiments gold prices appears to be moving in a bullish channels and are likely to take support at around 870$/Oz, resistance is expected at around 988$/Oz followed by 1035$/Oz. Prudent long term investors should continue investing by spreading their bets over the next few months. Hiren Chandaria Fund Manager 4 Fundamentals March 2009

5 Equity Growth Fund The primary of the scheme is to achieve long-term growth of capital by investing in equity and equity-related securities through a research-based investment approach. Derivatives, Debt, Cash and Other Receivables Sector Allocation Industry Pharmaceuticals Banks Software Consumer Non Durables Ferrous Metals Industrial Products Telecom - Services Industrial Capital Goods Petroleum Products Auto Pesticides Construction Trading Fertilisers Chemicals Power Cement Minerals/mining Paper Auto Ancillaries OIL Media & Entertainment Hardware Diversified Textiles - Cotton 0.25 Telecom - Equipment & Accessories 0.21 Non - Ferrous Metals 0.21 Finance 0.19 Textile Products 0.15 Information Technology 0.07 Retailing 0.04 Grand Total Equities % Allocation Structure... Open-ended Equity Growth Scheme Date of allotment... October 8, 1995 Inception Date... October 8, 1995 Corpus: crores...(february 28, 2009) Minimum Investment...Retail Plan- 5,000 and in multiples of Re 1 thereafter Institutional Plan (IP)- 5 cr and in multiples of Re 1 thereafter Fund Manager...Sunil Singhania Entry Load...Retail Plan <2cr %; >_2cr<5cr %; >_5cr Institutional Plan: Exit Load...Retail Plan - For subscription of less than 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, NIL if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 crs and above per purchase transaction, no exit load shall be charged, , Institutional Plan: No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... BSE 100 Index Portfolio of GROWTH Fund Holdings Weightage (%) Equities Lupin Ltd Divis Laboratories Ltd Industries Ltd Infosys Technologies Ltd Jindal Steel & Power Ltd Bank of Baroda 2.84 State Bank of India 2.70 Jain Irrigation Systems Ltd Bharti Airtel Ltd Maruti Suzuki India Ltd E.I.D. Parry (India) Ltd Britannia Industries Ltd ICICI Bank Ltd United Phosphorus Ltd Communications Ltd 1.53 Cambridge Solutions Limited 1.44 Radico Khaitan Ltd 1.38 Jindal Saw Ltd Adani Enterprises Limited 1.33 BEML Limited 1.30 Infrastructure Limited 1.19 Orient Paper & Industries Ltd Gujarat State Fertilizers & Chemicals Ltd Jaiprakash Associates Ltd HCL Technologies Ltd Sintex Industries Ltd Gujarat Mineral Development Corp Ltd Equity Less Than 1% of Corpus Derivatives,Debt,Cash and Other Receivables SIP Return Volatility Measures Beta: Standard Deviation: R Squared: Sharpe Ratio : Portfolio Turnover Ratio: 2.05 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) NAV as on FEBRUARY 27, 2009 Growth Fund-Growth Plan Growth Fund-Bonus Plan Growth Fund-Dividend Plan Growth Fund-Institutional Growth Growth Fund-Institutional Bonus Growth Fund-Institutional Dividend Retail 1.82% Institutional 1.62% dividend update Date Rate (per Cum *Ex- (Re/ unit) Dividend Dividend unit) % NAV NAV March 21, February 18, July 18, October 9, December 18, March 12, October 19, December 24, March 29, December 19, March 29, October 30, March 12, August 17, March 19, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. nav performance of RELIANCE GROWTH FUND vs BSE 100 index as on February 27, months Year Years Years Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Special Feature Any Time Money Card as on February 27, Year 3 Years 5 Years Since inception SIP Start Date 3/1/2008 3/1/2006 3/1/ /8/1995 Current NAV (As on 27/02/2009) Total No. of units accumulated Total Amount Invested Present Value Yield % % 4.14% 26.76% Present Value if invested in Index Yield From Index % % -3.50% 9.73% Assumptions: a) Every SIP has an entry Load: till October % and from November % has been considered b) SIP of 1000/- each has been taken into consideration including the first installement. SIP happen on 10th of every month.also note that we have assumed a/c opening and 1st SIP happen in the same month. c) Returns less than one year are absolute returns and returns more than one year are compounded annualised returns. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in future Fundamentals March

6 Equity Vision Fund The primary of the scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. Warrants, Preference Shares, Derivatives, Debt,Cash and Other Receivables Sector Allocation Industry Pharmaceuticals Banks Software Auto Diversified Petroleum Products Finance Industrial Capital Goods Telecom - Services Power Ferrous Metals Hotels Transportation Non - Ferrous Metals Media & Entertainment Oil Industrial Products Retailing Construction Auto Ancillaries Fmcg 0.12 Grand Total Equities % Allocation Structure... Open-ended Equity Growth Scheme Date of allotment... October 8, 1995 Inception Date... October 8, 1995 Corpus: crores...(february 28, 2009) Minimum Investment...Retail Plan- 5,000 and in multiples of Re 1 thereafter Institutional Plan (IP)- 5 cr and in multiples of Re 1 thereafter Fund Manager... Ashwani Kumar Entry Load...Retail Plan <2cr %; >_2cr<5cr %; >_5cr Institutional Plan: Exit Load...Retail Plan - For subscription of less than 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, NIL if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 crs and above per purchase transaction, no exit load shall be charged, , Institutional Plan: No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... BSE 100 Index Portfolio of Vision Fund Holdings Weightage (%) Equities Industries Ltd Laboratories Ltd State Bank of India 4.83 Hindustan Unilever Ltd Maruti Suzuki India Ltd Infosys Technologies Ltd Housing Development Finance Cor Ltd 3.91 Tata Consultancy Services Ltd ICICI Bank Ltd Communications Ltd 2.74 Alstom Projects India Ltd Infrastructure Limited 2.34 Tata Steel Ltd Cadila Healthcare Ltd Larsen & Toubro Ltd Indian Hotels Co. Ltd Ranbaxy Laboratories Ltd BajaJ Auto Limited 1.17 Kingfisher Airlines Ltd 1.06 Equity Less Than 1% Of Corpus 6.77 Warrants, Preference Shares, Derivatives, Debt,Cash and Other Receivables Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 2.02 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) SIP Return Vision Fund-Growth Plan Vision Fund-Bonus Plan Vision Fund-Dividend Plan Vision Fund-Institutional Growth Vision Fund-Institutional Bonus Vision Fund-Institutional Dividend Retail 1.85% Institutional 1.65% dividend update Date Rate (per Cum *Ex- (Re/ unit) Dividend Dividend unit) % NAV NAV February 24, June 25, September 23, December 3, February 5, June 4, December 17, March 28, December 19, March 28, October 9, October 26, January 19, March 14, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. nav performance of RELIANCE VISION FUND vs BSE 100 index as on February 27, months Year Years Years Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future. Special Feature Any Time Money Card as on February 27, Year 3 Years 5 Years Since Inception SIP Start Date 3/1/2008 3/1/2006 3/1/ /8/1995 Current NAV (As on 27/02/2009) Total No. of units accumulated Total Amount Invested Present Value Yield % % 0.31% 23.02% Present Value if invested in Index Yield From Index % % -3.50% 9.73% Assumptions: a) Every SIP has an entry Load: till October % and from November % has been considered b) SIP of 1000/- each has been taken into consideration including the first installement. SIP happen on 10th of every month.also note that we have assumed a/c opening and 1st SIP happen in the same month. c) Returns less than one year are absolute returns and returns more than one year are compounded annualised returns. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in future 6 Fundamentals March 2009

7 Equity NRI Equity Fund The primary of the scheme is to generate optimal returns by investing in equity and equity-related instruments primarily drawn from the companies in the BSE 200 Index. Derivatives, Cash and Other Receivables Sector Allocation Industry Equities % Allocation Software Structure...Open-ended Diversified Equity Scheme Date of allotment:... November 15, 2004 Inception Date... November 16, 2004 Corpus: crore... (February 28, 2009) Minimum Investment... 5,000 Fund Manager... Omprakash Kuckian Entry Load...<2cr - 3%; >_2cr <5cr - 2%; >_5cr - Exit Load No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... BSE 200 Index Portfolio of NRI EQUITY Fund Holdings Weightage (%) Equities Industries Ltd Oracle Financial Serv Software Ltd 5.66 Infosys Technologies Ltd ICICI Bank Ltd Larsen & Toubro Ltd Biocon Limited 4.17 Infrastructure Limited 4.03 HDFC Bank Ltd Divis Laboratories Ltd Housing Development Finance Cor Ltd 3.48 Sterlite Industries Ltd Communications Ltd 3.19 Moser Baer India Limited 2.72 Pantaloon Retail (India) Ltd Crompton Greaves Ltd Hindustan Unilever Ltd Equity Less Than 1% of Corpus 0.32 Derivatives,Cash and Other Receivables Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 1.93 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) NRI Equity Fund-Growth Plan NRI Equity Fund-Bonus Plan NRI Equity Fund-Dividend Plan % Amortisation Details Unamortised Amount (.) TER (incl. of amortisation) 4,470, % dividend update Date Rate (per Cum *Ex- (Re/ unit) Dividend Dividend unit) % NAV NAV August 7, January 29, August 17, March 14, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. NAV PERFORMANCE OF RELIANCE NRI EQUITY FUND VS BSE 200 INDEX as on February 27, months Year Years Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Petroleum Products Banks Pharmaceuticals Diversified 5.26 Power 4.03 Finance 3.48 Non - Ferrous Metals 3.35 Telecom - Services 3.19 Retailing 2.76 Hardware 2.72 Industrial Capital Goods 2.58 Auto 0.13 Grand Total SIP Return as on February 27, Year 3 Year Since Inception SIP Start Date 3/1/2008 3/1/ /16/2004 Current NAV (As on 27/02/2009) Total No. of units accumulated Total Amount Invested Present Value Yield % % -7.31% Present Value if invested in Index Yield From Index % % % Assumptions: a) Every SIP has an entry Load: till October % and from November % has been considered b) SIP of 1000/- each has been taken into consideration including the first installement. SIP happen on 10th of every month.also note that we have assumed a/c opening and 1st SIP happen in the same month. c) Returns less than one year are absolute returns and returns more than one year are compounded annualised returns. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in future Banking Fund The primary of the scheme is to generate continuous returns by actively investing in equity and equity-related or fixed-income securities of banks. Structure...Open-ended Banking Sector Scheme Date of allotment... May 26, 2003 Inception Date... May 28, 2003 Corpus: crore... (February 28, 2009) Minimum Investment.. Retail Plan and in multiples of Re. 1 thereafter institutional Plan- 5 cr and in multiples of Re. 1 thereafter Fund Manager...Sunil Singhania Entry Load... Retail Plan - <2cr %; >_2cr <5cr %;>_5cr Institutional Plan - Exit Load... Retail Plan-For subscription of less than 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, NIL if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 crs and above per purchase transaction, no exit load shall be charged, institutional Plan- No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....S&P CNX Bank Index Portfolio of BANKING Fund Holdings Weightage (%) Equities State Bank of India ICICI Bank Ltd Punjab National Bank 8.13 Canara Bank 8.12 Bank of Baroda 8.05 HDFC Bank Ltd Andhra Bank Ltd 4.05 Corporation Bank 2.66 Federal Bank Ltd Oriental Bank Of Commerce 2.14 Dena Bank 1.72 Kotak Mahindra Bank Ltd contd... Fundamentals March

8 Equity Banking Fund Jammu & Kashmir Bank Limited 1.64 Capital Ltd Equity Less Than 1% of Corpus 4.65 Cash and Other Receivables Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 1.09 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) NAV PERFORMANCE OF RELIANCE BANKING FUND VS S&P CNX BANK INDEX as on February 27, months Year Years Yrs Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Cash and Other Receivables Banking Fund- Retail Growth Plan Banking Fund- Retail Bonus Plan Banking Fund- Retail Dividend Plan Banking Fund- Institutional Growth Plan Banking Fund- Institutional Bonus Plan Banking Fund- Institutional Dividend Plan Retail 2.14% dividend update Diversified Power Sector Fund The primary of the scheme is to seek to generate continuous returns by actively investing in equity and equity-related or fixed-income securities of Power and other associated companies. Debt, Derivatives, Cash and Other Receivables Equities Equities Fundamentals March 2009 Date Rate (per Cum *Ex- (Re/ unit) Dividend Dividend unit) % NAV NAV March 28, December 29, March 30, February 21, November 5, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Structure...Open-ended Power Sector Scheme Date of allotment:...may 8, 2004 Inception Date... May 10, 2004 Corpus: crore (February 28, 2009) Minimum Investment...Retail Plan - 5,000 & in multiples of Re 1 thereafter, IP Plan - 5 cr & in multiples of Re 1 thereafter Fund Manager...Sunil Singhania Entry Load... Retail Plan - <2cr %; >_2cr <5cr %; >_5cr Institutional Plan- Exit Load.... Retail Plan - For Subscriptions of less than 5 Crs per transaction - 1% if redeemed/ switched on or before completion of 1 year from the date of allotment. - if redeemed/switched after completion of 1 year from the date of allotment. For subscription of 5 Crs and above per purchase transaction, no exit load shall be charged institutional Plan- No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... India Power Index Portfolio of DIVERSIFIED POWER SECTOR Fund Holdings Weightage (%) Equities Industries Ltd Infrastructure Limited 3.77 Jindal Steel & Power Ltd Tata Power Co. Ltd Torrent Power Limited 2.90 ICICI Bank Ltd State Bank Of India 2.69 Oil & Natural Gas Corporation Ltd PTC India Limited 2.33 Rural Electrification Corp Ltd 2.01 Cummins India Ltd Jaiprakash Associates Ltd ABB Ltd Bharat Heavy Electricals Ltd Larsen & Toubro Ltd Siemens Ltd Areva T & D India Ltd 1.33 Crompton Greaves Ltd Alstom ProjectS India Ltd Punj Lloyd Ltd Equity Less Than 1% Of Corpus Derivatives,Debt,Cash and Other Receivables Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 2.30 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) contd...

9 Equity Diversified Power Sector Fund- Growth Plan Diversified Power Sector Fund- Bonus Plan Diversified Power Sector Fund- Dividend Plan Diversified Power Sector Fund- Institutional Growth Plan Diversified Power Sector Fund- Institutional Bonus Plan Diversified Power Sector Fund- Institutional Dividend Plan NAV PERFORMANCE OF RELIANCE DIVERSIFIED POWER SECTOR FUND VS INDIA POWER INDEX as on February 27, months Year Years Since Inception Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future Retail 1.82% Institutional 1.71% dividend update Date Rate (per Cum *Ex- (Re/ unit) Dividend Dividend unit) % NAV NAV December 29, February 21, August 17, March 28, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Pharma Fund The primary of the scheme is to seek to generate consistent returns by investing in equity and equity related or fixed income securities of Pharma and other associated companies. Debt, Cash and Other Receivables 7.99 Equities Structure...Open-ended Pharma Sector Scheme Date of Allotment...June 5, 2004 Inception Date... June 8, 2004 Corpus crore (February 28, 2009) Minimum Investment... 5,000 Fund Manager...Sailesh Raj Bhan Entry Load...<2cr %; >_2cr <5cr %; >_5cr - Exit Load... For subscription of less than 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, NIL if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 crs and above per purchase transaction, no exit load shall be charged, No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... BSE - Health Care Index Portfolio of PHARMA Fund Holdings Weightage (%) Equities FDC Ltd Aventis Pharma Ltd Divis Laboratories Ltd Lupin Ltd Cipla Ltd Fulford India Limited 6.28 Torrent Pharmaceuticals Limited 6.09 Aurobindo Pharma Ltd Indoco Remedies Limited 5.08 Ranbaxy Laboratories Ltd Sun Pharma Advance Research Co Ltd 4.38 Piramal Healthcare Limited 3.96 Glenmark Pharmaceuticals Ltd 3.62 Venus Remedies Limited 2.24 Ankur Drugs And Pharma Ltd Equity Less Than 1% Of Corpus 0.65 Cash and Other Receivables 7.99 Volatility Measures Beta Standard Deviation R Squared 0.6 Sharpe Ratio Portfolio Turnover Ratio 0.89 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) Pharma Fund-Growth Plan Pharma Fund-Bonus Plan Pharma Fund-Dividend Plan % dividend update Date Rate (per Cum *Ex- (Re/ unit) Dividend Dividend unit) % NAV NAV December 19, February 21, March 19, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. NAV PERFORMANCE OF RELIANCE PHARMA FUND VS BSE - HEALTH CARE INDEX as on February 27, months Year Years Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Fundamentals March

10 Equity Media & Entertainment Fund The primary of the scheme is to generate continuous returns by investing in equity and equity-related or fixed-income securities of Media & Entertainment and other associated companies. Structure...Open-ended Media & Entertainment Sector Scheme Date of allotment:...september 30, 2004 Inception Date... October 7, 2004 Corpus crore (February 28, 2009) Minimum Investment... 5,000 Fund Manager...Sailesh Raj Bhan Entry Load...<2cr %; >_2cr <5cr %; >_5cr - Exit Load...For subscriptions of less than 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 crs and above per purchase transaction, no exit load shall be charged, No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark... S&P CNX Media & Entertainment Index Portfolio of MEDIA & ENTERTAINMENT Fund Holdings Weightage (%) Equities ZEE News Limited Jagran Prakashan Ltd Dish TV India Limited Zee Entertainment Enterprises Ltd Sun TV Network Limited 7.24 Network 18 Media and Investments Ltd Television Eighteen India Ltd Hinduja Ventures Ltd Balaji Telefilms Ltd UTV Software Communications Ltd Equity Less Than 1% of Corpus 1.90 Warrants,Preference Shares,Cash and Other Receivables Volatility Measures dividend update Date Rate (per Cum *Ex- (Re/ unit) Dividend Dividend unit) % NAV NAV December 29, January 29, March 28, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. NAV PERFORMANCE OF RELIANCE MEDIA & ENTERTAINMENT FUND VS S&P CNX MEDIA & ENTERTAINMENT INDEX AS ON February 27, months Year Years Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Warrants, Preference Shares, Cash and Other Receivables Beta 0.86 Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 0.37 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) Media & Entertainment Fund- Growth Plan Media & Entertainment Fund- Bonus Plan Media & Entertainment Fund- Dividend Plan Equities % Amortisation Details Unamortised Amount (.) TER (incl. of amortisation) 839, % 10 Fundamentals March 2009

11 Equity Equity Opportunities Fund The primary of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equityrelated securities and the secondary objective is to generate consistent returns by investing in Debt and Money Market securities. Warrants,Derivatives, Debt,Cash and Other Receivables Sector Allocation Industry Banks Software Industrial Capital Goods Retailing Petroleum Products Media & Entertainment Finance Ferrous Metals % Allocation Pharmaceuticals Equities Structure...Open-ended Diversified Equity Scheme Date of allotment... March 28, 2005 Inception Date...March 31, 2005 Corpus crore (February 28, 2009) Minimum Investment...Retail Plan- 5,000 and in multiples of Re 1 thereafter IP Plan- 5 cr and in multiples of Re 1 thereafter Fund Manager...Sailesh Raj Bhan Entry Load...Retail Plan <2cr %; >_2cr <5cr %; >_5cr Institutional Plan (IP): Exit Load...Retail Plan - For subscription of less than 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 crs and above per purchase transaction, no exit load shall be charged, Institutional Plan... No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... BSE 100 Index Portfolio of Equity Opportunities Fund Holdings Weightage (%) Equities Divis Laboratories Ltd Areva T & D India Ltd 6.07 Aventis Pharma Ltd State Bank of India 5.26 Tata Consultancy Services Ltd Industries Ltd Housing Development Finance Cor Ltd 3.96 Wyeth Ltd Trent Limited 3.22 HCL Technologies Ltd ICICI Bank Ltd Aurobindo Pharma Ltd Pantaloon Retail (India) Ltd Bank of Baroda 2.28 Cummins India Ltd Unichem Laboratories Limited 2.06 Alstom Projects India Ltd Communications Ltd 1.61 Jindal Saw Ltd Micro Inks Ltd ZEE News Limited 1.33 Dish TV India Limited 1.27 Rain Commodities Limited 1.24 Raymond Ltd Hinduja Ventures Ltd ZEE Entertainment Enterprises Ltd 1.11 Equity Less Than 1% of Corpus 5.25 Warrants,Derivatives,Debt,Cash and Other Receivables Volatility Measures Equity Opportunities Fund- Growth Plan Equity Opportunities Fund- Bonus Plan Equity Opportunities Fund- Dividend Plan Equity Opportunities Fund- Institutional Growth Equity Opportunities Fund- Institutional Bonus Equity Opportunities Fund- Institutional Dividend Retail 1.95% Amortisation Details Unamortised Amount (.) TER (incl. of amortisation) 118,739, % dividend update Date Rate (per Cum *Ex- (Re/ unit) Dividend Dividend unit) % NAV NAV August 7, February 1, March 19, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. NAV PERFORMANCE OF RELIANCE EQUITY OPPORTUNiTIES FUND vs BSE 100 INDEX AS ON February 27, months Year Years Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Special Feature Any Time Money Card Industrial Products 2.10 Telecom - Services 1.61 Chemicals 1.34 Cement 1.24 Textile Products 1.14 Auto 0.75 Auto Ancillaries 0.41 Consumer Non Durables 0.05 Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 0.98 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) Grand Total Fundamentals March

12 Equity Regular Savings Fund (Equity Option) The primary of this option is to seek capital appreciation and/or to generate consistent returns by actively investing in equity and equity-related securities. Derivatives, Debt, Cash and Other Receivables Sector Allocation Industry Software Pharmaceuticals Petroleum Products Equities % Allocation Banks Structure...Open-ended Scheme Date of allotment...june 8, 2005 Inception Date...June 9, 2005 Corpus crore (February 28, 2009) Minimum Investment & in multiples of Re 1 Fund Manager... Omprakash Kuckian Entry Load...<2cr %; >_2cr <5cr %; >_5cr - Exit Load...For subscriptions of less than 5 crs per purchase transactions - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 crs and above, no exit load shall be charged, No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... BSE 100 Index Portfolio of REGULAR SAVINGS FUND EQUITY OPTION Holdings Weightage (%) Equities Industries Ltd State Bank of India 3.58 Tata Consultancy Services Ltd Jain Irrigation Systems Ltd HDFC Bank Ltd DIVIS Laboratories Ltd Mphasis Limited 3.02 Bharat Electronics Ltd ICICI Bank Ltd Communications Ltd 2.72 Infosys Technologies Ltd Infrastructure Limited 2.57 Oil & Natural Gas Corporation Ltd United Phosphorus Ltd ITC Ltd 2.24 Radico Khaitan Ltd 1.98 Biocon Limited 1.96 Bank of Baroda 1.92 Indian Bank 1.51 PratIbha Industries Limited 1.37 India Infoline Ltd Alembic Limited 1.36 Hindalco Industries Ltd Sterlite Industries Ltd Zuari Industries Ltd 1.14 Torrent Pharmaceuticals Limited 1.02 Areva T & D India Ltd 1.00 Equity Less Than 1% Of Corpus 8.30 Derivatives,Debt,Cash and Other Receivables Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 2.14 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns. RSF Equity Plan-Growth Plan % NAV PERFORMANCE OF RELIANCE REGULAR SAVINGS - EQUITY OPTION FUND vs BSE 100 INDEX as on February 27, months Year yrs Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Special Feature Any Time Money Card Consumer Non Durables Industrial Capital Goods Industrial Products Oil Telecom - Services Non - Ferrous Metals Power Pesticides Finance Construction Fertilisers Ferrous Metals Textile Products Transportation Chemicals SIP Return as on February 27, Year 3 Years Since Inception SIP Start Date 3/1/2008 3/1/2006 6/9/2005 Current NAV (As on 27/02/2009) Total No. of units accumulated Total Amount Invested Present Value Yield % % -9.61% Present Value if invested in Index Yield From Index % % % Assumptions: a) Every SIP has an entry Load: till October % and from November % has been considered b) SIP of 1000/- each has been taken into consideration including the first installement. SIP happen on 10th of every month.also note that we have assumed a/c opening and 1st SIP happen in the same month. c) Returns less than one year are absolute returns and returns more than one year are compounded annualised returns. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in future Telecom - Equipment & Accessories 0.48 Diversified 0.13 Grand Total Fundamentals March 2009

13 Equity Regular Savings Fund (Balanced Option) The primary of this option is to generate consistent returns and appreciation of capital by investing in a mix of securities comprising of equity, equity related instruments and fixed income instruments. Cash and Other Receivables Equities Structure...Open-ended Scheme Date of allotment...june 8, 2005 Inception Date...June 9, 2005 Corpus crore (February 28, 2009) Minimum Investment & in multiples of Re 1 Fund Manager. Arpit Malaviya & Omprakash Kuckian Entry Load...<2cr %; >_2cr <5cr - 1%; >_5cr - Exit Load...For subscriptions of less than 5 crs per purchase transactions - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 crs and above, no exit load shall be charged, No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....Crisil Balanced Fund Index Portfolio of REGULAR SAVINGS fund BALANCED OPTION Holdings Weightage (%) Equities Industries Ltd Sterlite Industries Ltd Bank of Baroda 5.25 Siemens Ltd ICICI Bank Ltd TATA Consultancy Services Ltd Century Textiles & Industries Ltd United Phosphorus Ltd Divis Laboratories Ltd Communications Ltd 3.70 Cadila Healthcare Ltd Federal Bank Ltd Television Eighteen India Ltd Suzlon Energy Ltd Larsen & Toubro Ltd Equity Less Than 1% Of Corpus 0.24 Cash and Other Receivables Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 2.51 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns. nav performance of RELIANCE regular savings FUND - HYBRID option vs Crisil MIP BLENDEd Index as on January 12, Year Since Inception Inception date: 09/06/2005 Regular Savings Fund - Hybrid Option was launched on June 9, 2005 and subsequently Hybrid Option has been changed to Balanced Option w.e.f. January 13, NAV PERFORMANCE OF RELIANCE REGULAR SAVINGS FUND - BALANCED OPTION vs CRISIL MIP BLENDED INDEX Performance for the period from January 13, 2007 to February 20, 2007 (As above) (1.000) (0.005) Inception date: 13/01/2007 Regular Savings Fund - Hybrid Option was launched on June 9, 2005 and subsequently (w.e.f January 13, 2007) Hybrid Option has been renamed as Regular Savings Fund - Balanced Option. Past performance may or may not be sustained in the future. Absolute Returns of the Growth Plan since Option has not completed one year. nav performance of RELIANCE regular savings FUND - Balanced option vs Crisil Balanced fund Index on February 27, months Year Since Inception Inception date: 13/01/2007 "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Benchmark of Regular Savings Fund Balanced option has been changed to Crisil Balanced Fund Index from Crisil MIP Index with effect from 21st Feb 08 Special Feature Any Time Money Card RSF Balanced Plan-Growth Plan Sector Allocation 2.25% Industry % Allocation Industrial Capital Goods Pharmaceuticals Petroleum Products Non - Ferrous Metals Software Cement Pesticides Telecom - Services Media & Entertainment Diversified FMCG 0.24 Banks Grand Total Fundamentals March

14 Equity Regular Savings Fund (Debt Option) The primary of this option is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in Debt & Money Market Instruments. Banks Financial Institutions Finance Government of India Structure...Open-ended Scheme Date of allotment...june 8, 2005 Inception Date...June 9, 2005 Corpus crore (February 28, 2009) Minimum Investment & in multiples of Re 1 Fund Manager... Arpit Malaviya Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... (For all amounts) Exit Load (For all amounts) No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....Crisil Composite Bond Fund Index Portfolio of Regular Savings Fund - Debt Option Holdings Rating Weightage (%) Govt Securities(gse) % GOI (MD 12/04/2016) Sovereign % GOI 2011 (MD ( ) Sovereign % GOI 2036 (07/06/2036) Sovereign 0.98 Non Convertible Debentures State Bank of Hyderabad AAA I L & F S Ltd. AAA(IND) by FITCH 8.77 National Bank for Agri. & Rural Dev AAA 5.41 Cash and Other Receivables Maturity Profile Holding Weightage (%) Above 4 Years 62.82% Cash & Other Receivables 29.97% Between 1-2 Years 5.41% Between 2-4 Years 1.80% % rating Profile Holding Weightage (%) Sovereign 40.29% AAA 29.73% Cash & Other Receivables 29.97% % RSF Debt Plan-Growth Plan % NAV PERFORMANCE OF RELIANCE REGULAR SAVINGS FUND - DEBT OPTION VS CRISIL COMPOSITE BOND FUND INDEX AS ON February 27, months Year yrs Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Cash & Other Receivables Special Feature Any Time Money Card Tax Saver (ELSS) Fund The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equityrelated instruments. Structure...Open-ended Equity Linked Savings Scheme Date of allotment...september 21, 2005 Inception Date...September 22, 2005 Corpus crore (February 28, 2009) Minimum Investment & in multiples of 500 Fund Manager... Ashwani Kumar Entry Load...<2cr %; >_2cr <5cr %; >_5cr - Exit Load No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... BSE 100 Index Bank Of Baroda 1.81 Triveni Engeering And InDustries Ltd Century Textiles & Industries Ltd Kingfisher Airlines Ltd 1.29 Asahi India Glass Limited 1.24 Sun TV Network Limited 1.19 United Breweries Ltd 1.13 IBN18 Broadcast Ltd Infosys Technologies Ltd Equity Less Than 1% Of Corpus 7.94 Preference Shares,Derivatives,Debt, Cash and Other Receivables Volatility Measures Preference Shares, Debt, Cash and Other Receivables Equities Portfolio of TAX SAVER (elss) Fund Holdings Weightage (%) Equities Areva T & D India Ltd 5.20 Industries Ltd State Bank Of India 5.08 Tata Consultancy Services Ltd Cipla Ltd Hindustan Unilever Ltd Housing Development Finance Cor Ltd 2.89 Pfizer Ltd Maruti Suzuki India Ltd Divis Laboratories Ltd Eicher Motors Ltd Glenmark Pharmaceuticals Ltd 2.50 KSB Pumps Ltd ICICI Bank Ltd Tata Steel Ltd Cummins India Ltd United Phosphorus Ltd Wipro Ltd Beta Standard Deviation 4.41 R Squared Sharpe Ratio Portfolio Turnover Ratio 2.13 Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) Tax Saver Fund-Growth Plan Tax Saver Fund-Dividend Plan % contd Fundamentals March 2009

15 Equity Sector Allocation Industry % Allocation Pharmaceuticals Banks 9.20 Software 7.48 Industrial Capital Goods 6.11 Auto 5.90 Industrial Products 5.57 Petroleum Products 5.20 Consumer Non Durables 3.52 Diversified 3.02 Media & Entertainment 2.99 Finance 2.89 Auto Ancillaries 2.77 Ferrous Metals 2.24 Pesticides 1.97 Cement 1.58 Transportation 1.29 Textile 0.41 Hardware 0.29 Financial Services 0.14 Textiles - Cotton 0.14 Engineering 0.03 Retailing 0.00 FMCG 0.00 Grand Total Amortisation Details Unamortised Amount (.) TER (incl. of amortisation) 98,210, % dividend update Date Rate (per Cum *Ex- (Re/ unit) Dividend Dividend unit) % NAV NAV February 21, November 5, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also NAV PERFORMANCE OF RELIANCE TAX SAVER (ELSS) FUND vs BSE 100 INDEX AS ON February 27, months Year years Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Equity Fund The primary of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio constituted of equity and equity related securities of top 100 companies by market capitalization and of companies which are available in the derivatives segment from time to time and the secondary objective is to generate consistent returns by investing in debt and money market securities. Cash and Other Receivables Equities Structure...Open-ended Diversified Equity Scheme Date of allotment... March 28, 2006 Inception Date... March 30, 2006 Corpus crore (February 28, 2009) Minimum Investment...Retail Plan- 5,000 and in multiples of Re 1 thereafter Institutional Plan (IP)- 5 cr and in multiples of Re 1 thereafter Fund Manager...Sunil Singhania Entry Load...Retail Plan <2cr %; >_2cr <5cr %; >_5cr Institutional Plan: Exit Load.....Retail Plan - For subscriptions of less than 5 crs per transaction - 1% if redeemed/ switched on or before completion of 1 year from the date of allotment, NIL if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 crs and above per purchase transaction, no exit load shall be charged, , Institutional Plan: No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....S&P CNX Nifty Portfolio of EQUITY Fund Holdings Weightage (%) Equities Divis Laboratories Ltd State Bank of India 6.45 Cipla Ltd Industries Ltd Maruti Suzuki India Ltd Communications Ltd 3.34 Tata Consultancy Services Ltd ICICI Bank Ltd Infrastructure Limited 2.83 HCL Technologies Ltd Mahanagar Telephone Nigam Ltd Grasim Industries Ltd Punj Lloyd Ltd Zee Entertainment Enterprises Ltd 2.43 Oil & Natural Gas Corporation Ltd Bharti Airtel Ltd Jindal Steel & Power Ltd Punjab NaTional Bank 1.68 ITC Ltd 1.59 Equity Less Than 1% of Corpus 1.98 Cash and Other Receivables Derivatives (Figures As a % Of Equity Corpus) Futures Total Long Futures 9.18 Total Short Futures Sub Total Of Futures 6.31 Options Total Call Written Notional Value* Total Call Bought Notional Value* 1.43 Total Put Bought Notional Value* Total Put Written Notional Value* 1.43 Sub Total Of Options *Not considered while calculating the NAV of the fund Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 2.01 Note: The above measures have been calculated by taking rolling return since inception with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) contd... Fundamentals March

16 Equity Equity Fund Sector Allocation Equity Fund-Growth Plan Equity Fund-Bonus Plan Equity Fund-Dividend Plan Equity Fund-Institutional Growth Equity Fund-Institutional Bonus Equity Fund-Institutional Dividend Retail 1.84% Amortisation Details NAV PERFORMANCE OF RELIANCE EQUITY FUND vs S&P CNX NIFTY as on February 27, months Year Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Industry Banks % Allocation Unamortised Amount (.) TER (incl. of amortisation) 961,796, % Special Feature Any Time Money Card Pharmaceuticals Telecom - Services 7.87 Software 5.80 Petroleum Products 3.69 Auto 3.62 Power 2.83 Cement 2.62 Construction 2.52 Media & Entertainment 2.43 Oil 2.28 Ferrous Metals 1.76 Consumer Non Durables 1.59 Retailing 1.01 Non - Ferrous Metals 0.63 Grand Total Charges upto. 3/sms. No. 1 in terms of AAUM as on 31st January Source:amfiindia.com Sponsor: Capital Limited Trustee: Capital Trustee Co. Limited Investment Manager: Capital Asset Management Limited Statutory Details: The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act Risk Factors: Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond their initial contribution of.1 lakh towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. The NAV of the Scheme may be affected, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. All dividend distributions are subject to the availability of distributable surplus in the Scheme. For details of scheme features apart from those mentioned above and for scheme specific risk factors, please refer to the Offer Document/Scheme Information Document. Please read the offer document/scheme Information Document carefully before investing. 16 Fundamentals March 2009

17 Equity Long-Term Equity Fund The primary of the scheme is to seek to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and Derivatives and the secondary objective is to generate consistent returns by investing in debt and money market securities. Derivatives, Debt, Cash and Other Receivables Structure...A 36-months close ended diversified equity fund with an automatic conversion into an open-ended scheme on expiry of 36 months from the date of allotment Date of allotment... December 26, 2006 Inception Date...December 27, 2006 Corpus crore (February 28, 2009) Minimum Investment... 5,000 Fund Manager...Sunil Singhania Entry Load...N.A. Exit Load If redeemed/ switched before completion of 12 months from the date of allotment: 4%. If redeemed/ switched between 12 months - 1 day and on or before completion of 24 months from the date of allotment:3%. If redeemed/ switched between 24 months - 1 day and on or before completion of 36 months from the date of allotment:2% Load Structure:... On Conversion into open ended scheme Entry Load...<2cr %; >_2cr <5cr %; >_5cr - Exit Load No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... BSE 200 Index Portfolio of LONG-TERM EQUITY Fund Long Term Equity Fund - Growth Plan Long Term Equity Fund - Dividend Plan % Amortisation Details Unamortised Amount (.) TER (incl. of amortisation) 329,318, % nav performance of RELIANCE LONG TERM EQUITY FUND vs BSE 200 index as on February 27, months year Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Sector Allocation Industry Pharmaceuticals Banks Consumer Non Durables Media & Entertainment Pesticides Cement Hotels Auto Industrial Products Ferrous Metals Trading Fertilisers Textile Products Industrial Capital Goods Telecom - Equipment & Accessories Software Transportation Consumer Durables Telecom - Services Construction Industrial Equipment Petroleum Products 0.41 Auto Ancillaries 0.27 Textiles - Synthetic 0.20 Finance 0.03 Power 0.00 Grand Total Equities % Allocation Holdings Weightage (%) Equities Bank of Baroda 5.98 Piramal Healthcare Limited 5.45 Zee Entertainment Enterprises Ltd 3.32 Maruti Suzuki India Ltd India Cements Ltd Novartis India Ltd JSL Limited 2.31 Rallis India Ltd Adani Enterprises Limited 2.14 Wyeth Ltd Andhra Bank Ltd 1.97 Gujarat Narmada Valley Fertilisers Co. Ltd Corporation Bank 1.91 EIH Limited 1.74 Oriental Hotels Limited 1.69 United Phosphorus Ltd Astra Microwave Products Ltd 1.39 Marico Ltd 1.37 Unichem Laboratories Limited 1.37 Bombay Rayon Fashions Ltd Glenmark Pharmaceuticals Ltd 1.18 Aventis Pharma Ltd Nirma Ltd Abbott India Ltd 1.02 Equity Less Than 1% of Corpus Derivatives,Debt,Cash and Other Receivables Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 0.64 Note: The above measures have been calculated by taking rolling return since inception with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) Fundamentals March

18 Equity Equity Advantage Fund The primary of the fund is to seek to generate capital appreciation and provide long term growth opportunities by investing in a portfolio predominantly of equity and equity related instruments with investments generally in S&P CNX Nifty stocks and the secondary objective is to generate consistent returns by investing in debt and money market securities. Industry Debt, Cash and Other Receivables Sector Allocation Software Banks Telecom - Services Consumer Non Durables Industrial Capital Goods % Allocation Petroleum Products Equity & Equity Equivalents Structure... Open ended Diversified Equity Scheme Date of allotment...august 8, 2007 Inception Date...August 9, 2007 Corpus crore (February 28, 2009) Minimum Investment...Retail Plan- 5,000 and in multiples of Re 1 thereafter Institutional Plan (IP) - 5 cr and in multiples of Re 1 thereafter Fund Manager...Ashwani Kumar & Sailesh Raj Bhan Load Structure: Entry Load...Retail Plan 2.25% Institutional Plan: Exit Load.....Retail Plan- For Subscriptions of less than 5 Crs per transaction - 1% if redeemed/ switched on or before completion of 1 year from the date of allotment. - if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 Crs and above per purchase transaction, no exit load shall be charged , Institutional Plan: No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....S&P CNX Nifty Portfolio of EQUITY ADVANTAGE Fund Holdings Weightage (%) Equities Industries Ltd State Bank Of India 5.37 ITC Ltd 4.84 Oil & Natural Gas Corporation Ltd Communications Ltd 2.99 Cipla Ltd Wipro Ltd Bharat Petroleum Corporation Ltd ICICI Bank Ltd Bharti Airtel Ltd Bharat Heavy Electricals Ltd Tata Consultancy Services Ltd Housing Development Finance Cor Ltd 1.97 Hindustan Unilever Ltd Infosys Technologies Ltd Larsen & Toubro Ltd Hindustan Petroleum Corporation Ltd Oracle FinanciaL Serv Software Ltd 1.86 Grasim Industries Ltd Infrastructure Limited 1.61 HDFC Bank Ltd NTPC Ltd Areva T & D India Ltd 1.36 Tata Steel Ltd Idea Cellular Limited 1.11 Equity Less Than 1% Of Corpus 8.99 Equity Equivalents 7.60 Total of Equity & Equity Equivalents Debt,Cash and Other Receivables Equity Advantage Fund- Growth Plan Equity Advantage Fund- Bonus Plan Equity Advantage Fund- Dividend Plan Equity Advantage Fund- Institutional Growth Plan Equity Advantage Fund- Institutional Bonus Plan Equity Advantage Fund- Institutional Dividend Plan Retail 1.92% Institutional 1.72% nav performance of RELIANCE equity advantage FUND vs s&p cnx nifty as on February 27, months yr Since Inception Absolute Returns of the Growth Option - Since the Scheme has not completed one year. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past performance may or may not be sustained in the future. Oil Pharmaceuticals Diversified Power Ferrous Metals Finance Cement Non - Ferrous Metals Construction Auto Media & Entertainment Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 2.07 Note: The above measures have been calculated by taking rolling return since inception with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) Grand Total Fundamentals March 2009

19 Equity Natural Resources Fund The primary of the scheme is to seek to generate capital appreciation & provide longterm growth opportunities by investing in companies principally engaged in the discovery, development, production, or distribution of natural resources and the secondary objective is to generate consistent returns by investing in debt and money market securities. International Equity Shares 5.94 Derivatives, Debt, Cash, and Other Receivables Sector Allocation (Domestic) Industry Industry Grand Total Materials % Allocation Petroleum Products OIL Ferrous Metals Power Consumer Non Durables Cement Non - Ferrous Metals Construction Pesticides Industrial Capital Goods Fertilisers Gas Auto Transportation Sector Allocation (Overseas) Overseas ETFs 2.76 Equity % Allocation Miscellaneous Structure... Open-ended Equity Scheme Date of allotment... February 25, 2008 Inception Date... February 26, 2008 Corpus crore (February 28, 2009) Minimum Investment.. Retail Plan and in multiples of Re. 1 thereafter Institutional Plan (IP) - 5 cr and in multiples of Re. 1 thereafter Fund Manager...Ashwani Kumar, Shiv Chanani Entry Load... Retail Plan - <2cr %, > = 2cr<5cr %, > = 5cr Institutional Plan - Exit Load.. Retail Plan - For Subscriptions of less than 5 Crs per transaction - 1% if redeemed/ switched on or before completion of 1 year from the date of allotment. - if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 Crs and above per purchase transaction, no exit load shall be charged institutional Plan- No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark... A custom benchmark created using the BSE-200 to the extent of 65% of portfolio and MSCI World Energy Index for balance 35% of the portfolio. Portfolio of Natural Resources Fund Holdings Weightage (%) Equities Industries Ltd Oil & Natural Gas Corporation Ltd Cairn India Limited 3.60 Infrastructure Limited 3.35 Bharat Petroleum Corporation Ltd Grasim Industries Ltd United Phosphorus Ltd Hindustan Petroleum Corporation Ltd Tata Steel Ltd Indian Oil Corporation Ltd Jaiprakash Associates Ltd Sterlite Industries Ltd Jindal Steel & Power Ltd Gail (India) Ltd Advanta India Limited 1.59 Suzlon Energy Ltd Hindalco Industries Ltd Punj Lloyd Ltd TATA Power Co. Ltd BEML Limited 1.16 Triveni Engeering And Industries Ltd Gujarat Narmada Valley Fertilisers Co. Ltd ACC Ltd 1.02 Equity Less Than 1% Of Corpus 5.68 International Equity Shares 5.94 Freeport Mcmoran Copper & Gold Inc 1.51 Potash Corp of Saskatchewan Inc 1.19 Newmont Mining Corporation 0.83 Agnico Eagle Mines Ltd 0.74 Barrick Gold Corporation 0.68 Caterpillar Inc 0.41 BHP Billiton Ltd 0.31 BHP Billiton Plc 0.28 Overseas Etfs 2.76 Powershares Water Resources ETF 1.88 Market Vectors Agribusiness-ETF 0.88 Derivatives,Debt,Cash And Other Receivables Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 2.62 Note: The above measures have been calculated by taking rolling return since inception with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) Natural Resources Fund- Retail Growth Plan Natural Resources Fund- Retail Bonus Plan Natural Resources Fund- Retail Dividend Plan Natural Resources Fund- Institutional Growth Plan Natural Resources Fund- Institutional Bonus Plan Natural Resources Fund- Institutional Dividend Plan Retail 1.82% nav performance of RELIANCE NATURAL RESOURCES FUND vs BENCHMARK* as on February 27, 2009 * 6 months year Since Inception Absolute Returns of the Growth Option - Since the Scheme has not completed one year. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past performance may or may not be sustained in the future. *A custom benchmark created using the BSE-200 to the extent of 65% of portfolio and MSCI World Energy Index for balance 35% of the portfolio. Water 1.88 Industrials 0.41 Grand Total 8.70 Based on MSCI classification Fundamentals March

20 Equity Quant Plus Fund (Formerly Known as Index Fund) The of the Scheme is to generate capital appreciation through investment in equity and equity related instruments. The Scheme will seek to generate capital appreciation by investing in an active portfolio of stocks selected from S&P CNX Nifty on the basis of a mathematical model. Structure...Open ended Equity Scheme Date of allotment...april 18, 2008 Inception Date...April 18, 2008 Corpus crore (February 28, 2009) Minimum Investment...Retail Plan - 5,000 and in multiples of Re 1 thereafter, Institutional plan - 5 crore and in multiples of Re 1 thereafter Fund Manager...Krishan Daga Entry Load... Retail Plan - <2cr %, > = cr<5cr - 1% > = 5cr- Institutional Plan - Entry Load - Exit Load. Retail Plan-For Subscriptions of less than 5 Crs per transaction - 1% - if redeemed/ switched on or before completion of 1 year from the date of allotment. - if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 Crs and above per purchase transaction, no exit load shall be charged Institutional Plan... Benchmark... S&P CNX Nifty Portfolio of Quant Plus Fund Retail 2.50% Institutional 2.40% nav performance of RELIANCE QUANT PLUS FUND- RETAIL PLAN - GROWTH vs s&p cnx nifty as on February 27, months Since Inception Inception date- April 18, 2008 "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Index Fund Sensex Plan and Nifty Plan was launched on Feb 8,2005. Subsequently the trustees of RMF (w.e.f April 18,2008) changed the features of the scheme and renamed the same as Quant Plus Fund. For more details on the features of Quant Plus Fund please refer addendum to the offer document dated 17th March 08. Cash and Other Receivables 8.19 Equities Holdings Weightage (%) Equities Industries Ltd ITC Ltd 8.53 Oil & Natural Gas Corporation Ltd State Bank of India 7.46 Bharti Airtel Ltd Infosys Technologies Ltd Larsen & Toubro Ltd Tata Consultancy Services Ltd Housing Development Finance Cor Ltd 4.83 TATA Power Co. Ltd Other Equities Cash And Other Receivables 8.19 Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 2.38 Note: The above measures have been calculated by taking rolling return since inception with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009) Sector Allocation Industry % Allocation Software Banks Telecom - Services 9.70 Petroleum Products 8.85 Quant Plus Fund-Growth Plan Quant Plus Fund-Bonus Plan Quant Plus Fund-Dividend Plan Quant Plus Fund- Institutional Growth Plan Quant Plus Fund- Institutional Bonus Plan Quant Plus Fund- Institutional Dividend Plan Consumer Non Durables Oil Pharmaceuticals Power Diversified Finance Industrial Capital Goods Gas Cement Non - Ferrous Metals Grand Total 91.81% 20 Fundamentals March 2009

21 Equity Equity Linked Saving Fund Series I The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equities along with income tax benefit Industry Cash and Other Receivables Sector Allocation % Allocation Pharmaceuticals Banks Software Media & Entertainment Petroleum Products Consumer Non Durables Industrial Capital Goods Pesticides Auto Equities Nature...A 10-year close-ended Equity Linked Savings Scheme Date of allotment... March 31, 2008 Inception Date...April 1, 2008 Corpus: crore (February 28, 2009) Minimum Investment /- and in multiples of 500/- thereafter Fund Manager...Sailesh Raj Bhan Entry Load...NA Exit Load * *In accordance with the SEBI (MFs) Regulations, 1996, NFO expenses not exceeding 6% of the amount mobilised, will be charged to the scheme and will be amortised over a period of 10 years. If the investor opts for the redemption before the completion of 10 years, proportionate unamortized portion of the NFO expenses outstanding as on the date of the redemption shall be recovered from such investor. Benchmark: - BSE 100 Portfolio of EQUITY LINKED SAVING Fund Series I Holdings Weightage (%) Equities Industries Ltd Divis Laboratories Ltd ITC Ltd 7.14 Fulford India Limited 6.54 State Bank Of India 6.25 Tata Consultancy Services Ltd Areva T & D India Ltd 5.47 Astrazeneca Pharma India Ltd Sun Pharma Advance Research Co Ltd 4.30 HDFC Bank Ltd HCL Technologies Ltd Hikal Ltd Maruti Suzuki India Ltd Jagran Prakashan Ltd 3.23 Zee Entertainment Enterprises Ltd 3.21 Zee News Limited 2.15 ICICI Bank Ltd Tata Steel Ltd Equity Less Than 1% Of Corpus 1.00 Cash and Other Receivables Equity Linked Saving Fund- Series I-Growth Plan Equity Linked Saving Fund- Series I-Dividend Plan % Amortisation Details Unamortised Amount (.) TER (incl. of amortisation) 70,049, % nav performance of RELIANCE EQUITY LINKED SAVING FUND - SERIES I - Growth vs BSE 100 as on February 27, months Since Inception Absolute Returns of the Growth Option - Since the Scheme has not completed one year. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past performance may or may not be sustained in the future. For more information on Tax Saving and Equity Linked Saving Fund Series I Call: Toll free: Mutual Fund investments are subject to market risk, please read the Offer Document/Scheme Information Document carefully before investing Ferrous Metals 1.05 Grand Total Fundamentals March

22 Debt Income Fund The primary of the scheme is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments. Banks Financial Institutions Petroleum Products 2.55 Power Finance Cash & Other Receivables 1.82 Government of India Structure... Open-ended Income Scheme Date of allotment... January 1, 1998 Inception Date... January 1, 1998 Corpus crore (February 28, 2009) Minimum Investment For Growth Option:. 5,000; Mthly Div Plan: 25,000;...Qtrly Div Plan: 10,000;...Half Yrly Div Plan: 5,000; Annual Div Plan: 5,000 Fund Manager...Prashant Pimple Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... Exit Load For subscriptions of less than 1crore per purchase per transaction, exit load shall be: - 1% if redeemed/switch- out on or before completion of 12 months from the date of allotment of units - if redeemed/switch-out after completion of 12 months from the date of allotment of units For subscriptions of 1 cr and above per purchase per transaction, exit load shall be: - 1% if redeemed/switch-out on or before completion of 1 month from the date of allotment of units -, if redeemed/switch-out after completion of 1 month from the date of allotment of units. No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....Crisil Composite Bond Fund Index Portfolio of reliance Income Fund Holdings Rating Weightage (%) Certificate Of Deposit 7.83 Bank Of Baroda A1+ by ICRA 1.96 State Bank Of Mysore A1+ by ICRA 1.96 Punjab National Bank PR1+ by CARE 1.95 IDBI Bank Ltd P Govt Securities(GSE) % GOI 2032 ( ) Sovereign % GOI (MD 22/04/2018) Sovereign % GOI (MD 19/01/2039) Sovereign % GOI 2034 ( ) Sovereign % GOI (MD 02/02/2019) Sovereign % GOI 2013 (MD 03/09/2013) Sovereign % GOI 2022 (M/D ) Sovereign % GOI 2017 (M/D 28/8/2017) Sovereign 0.88 Non Convertible Debentures Indian Railway Finance Corpn. Ltd. AAA Power Finance Corporation Limited AAA Rural Electrification Corp Ltd AAA 7.82 Power Grid Corporation Ltd. AAA 4.78 Neyveli Lignite Corporation Ltd AAA 3.79 State Bank Of India AAA 2.70 Indian Oil Corporation Ltd. LAA+ Dividend Plan by ICRA 2.55 NTPC Ltd. AAA 1.45 State Bank Of Patiala AAA 1.27 IDBI Bank Ltd AA Export Import Bank of India AAA 0.43 National Housing Bank AAA 0.22 State Bank of Hyderabad AAA 0.02 Zero Coupon Bonds National Housing Bank AAA 1.82 Cash And Other Receivables 1.82 Date(DD/MM/YY) Rate % (per unit) Cum Dividend Ex Dividend (Re/ Unit) NAV NAV* Income Fund - Retail - Half Yearly 19-Sep Mar Sep Mar Income Fund - Retail - Monthly 19-Feb Jan Dec Income Fund - Retail - Quarterly 22-Dec Sep Mar Income Fund - Retail - Annually 19-Mar Income Fund-Growth Plan Income Fund-Bonus Plan Income Fund- Annual Dividend Plan Income Fund-Half- Yearly Dividend Plan Income Fund- Quarterly Dividend Plan Income Fund- Monthly Dividend Plan Maturity Profile Year % of Total Above 4 Years 88.86% Below 1 Year 7.83% Cash & Other Receivables 1.82% Between 2-4 Years 1.49% % Rating Profile Holdings Weightage(%) Sovereign 37.14% P % A % PR % AAA 50.21% AA+ 0.45% LAA+ 2.55% Cash & Other Receivables 1.82% % 1.47% NAV PERFORMANCE OF RELIANCE INCOME FUND VS CRISIL COMPOSITE BOND FUND INDEX AS ON February 27, months Year Years Years Since Inception N.A. Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future. * N.A. denotes non-availability of suitable index at the time of inception. Special Feature Any Time Money Card Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. 22 Fundamentals March 2009

23 Debt Medium-Term Fund The primary of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital. Cash & Other Receivables Government of India Finance Financial Institutions 0.31 Miscellaneous 0.30 Auto 0.28 Non - Ferrous Metals 0.25 Chemicals 0.19 Media & Entertainment Banks Structure...Open-ended Income Scheme with no assured returns Date of allotment...september 14, 2000 Inception Date...September 25, 2000 Corpus crore (February 28, 2009) Minimum Investment Retail.... 5,000 Fund Manager...Amit Tripathi Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... Exit Load Benchmark....Crisil Short-term Bond Fund Index Portfolio of reliance Medium-term Fund Holdings Rating Weightage (%) Certificate Of Deposit Canara Bank P ICICI Bank Ltd. A1+ by ICRA Union Bank of India A1+ by ICRA 7.13 Punjab National Bank PR1+ by CARE 7.02 State Bank of Patiala A1+ by ICRA 4.43 State Bank of Travancore P Allahabad Bank P Oriental Bank of Commerce P IDBI Bank Ltd P Hongkong & Shanghai Banking F1+(IND) Corpn. Ltd. by FITCH 2.48 Vijaya Bank P State Bank Of Indore P Bank of Baroda A1+ by ICRA 2.08 ING Vysya Bank Ltd. P Punjab National Bank A1+ by ICRA 1.99 State Bank of Mysore A1+ by ICRA 1.96 State Bank of Hyderabad A1+ by ICRA 1.71 State Bank of Bikaner & Jaipur P Corporation Bank P Andhra Bank Ltd F1+(IND) by FITCH 0.51 Karur Vysya Bank Ltd. F1(IND) by FITCH 0.40 YES Bank Ltd. A1+ by ICRA 0.39 Kotak Mahindra Bank Ltd. P HDFC Bank Ltd. P UCO Bank P Federal Bank Ltd. P AXIS Bank Limited P Jammu & Kashmir Bank Limited P Citibank N.a. P Vijaya Bank PR1+ by CARE 0.01 Commercial Paper 5.92 Housing Development A1+ Finance Cor Ltd by ICRA 1.53 ICICI Home Finance Co. Ltd. A1+ by ICRA 1.41 TATA Capital Limited A1+ by ICRA 0.62 GE Capital Services India Ltd P Export Import Bank Of India A1+ by ICRA 0.31 L & T Finance Ltd PR1+ by CARE 0.30 TATA Sons Ltd. P TATA Motors Ltd. P Kotak Mahindra Prime Ltd. P Pidilite Industries Ltd. P IDBI Home Finance Ltd. A1+ by ICRA 0.16 Bennett Coleman & Co Ltd P Sundaram Finance Limited P Rabo India Finance Ltd. P Floating Rate Note 0.25 Madras Aluminium Company Limited P Treasury Bills Days Tbill (MD 06/03/2009) Sovereign Days Tbill (MD 17/04/2009) Sovereign Days Tbill (MD 17/04/2009) Sovereign 0.31 Cash And Other Receivables Medium Term Fund- Growth Plan Medium Term Fund- Bonus Plan Medium Term Fund- Quarterly Dividend Plan Medium Term Fund- Monthly Dividend Plan Medium Term Fund- Daily Dividend Plan Medium Term Fund- Weekly Dividend Plan Maturity Profile Year % of Total Below 1 Year 85.55% Cash & Other Receivables 14.45% % Rating Profile Holdings Weightage(%) Sovereign 2.97% F1(IND) 0.40% P % A % F1+(IND) 1.16% F % PR % P1 0.28% Cash & Other Receivables 14.45% % 0.65% NAV PERFORMANCE OF RELIANCE MEDIUM-TERM FUND VS CRISIL SHORT TERM BOND FUND INDEX as on February 27, months Year Years Years Since Inception 7.20 N.A. "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future. N.A. denotes non-availability of suitable index at the time of inception." Special Feature Any Time Money Card Fundamentals March

24 Debt Dividend Plan Date(DD/MM/YY) Rate % (per unit) Cum Dividend Ex Dividend (Re/ Unit) NAV NAV* MTF- Retail - Weekly February 27, February 24, MTF- Retail - Quarterly December 22, September 22, June 20, MTF- Retail - Monthly February 24, January 20, December 22, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Short-Term Fund The primary of the scheme is to generate stable returns for investors with a short term investment horizon by investing in fixed income securitites of a short-term maturity. Power 2.26 Electrical & Electronics 3.57 Petroleum Products 6.05 Cash & Other Receivables Banks Finance - Asset Backed 1.33 Ferrous Metals 1.21 Transportation 0.34 Finance Structure... Open-ended Income Scheme Date of allotment... December 18, 2002 Inception Date... December 23, 2002 Corpus crore (February 28, 2009) Minimum Investment... 50,000 Fund Manager...Prashant Pimple Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... Exit Load No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....Crisil Liquid Fund Index Portfolio of SHORT-TERM FUND Holdings Rating Weightage (%) Certificate of Deposit Hdfc Bank Ltd. P Bank of Baroda A1+ by ICRA 3.42 Idbi Bank Ltd P Allahabad Bank A1+ by ICRA 2.11 Commercial Paper 6.63 Icici Home Finance Co. Ltd. A1+ by ICRA 6.63 Non Convertible Debentures Power Finance Corporation Limited AAA Rural Electrification Corp Ltd AAA Indian Railway Finance Corpn. Ltd. AAA 9.58 Industries Ltd. AAA 6.05 Export Import Bank of India AAA 3.72 National Housing Bank AAA 3.67 Power Grid Corporation Ltd. AAA 2.26 G E Money Financial Services Ltd. AAA 2.24 Ge Capital Services India Ltd AAA(IND) by FITCH 1.55 Tata Steel Ltd. AA 1.21 Idbi Bank Ltd AA Pass Through Certificates 5.70 IBM India Private Limited AAA(IND) by FITCH 3.57 India Loan Sec Sr 4 Trust 2008 AAA(SO) 1.33 Shriram Transport Finance Co Ltd. AA(IND) by FITCH 0.47 Jet Airways (india) Ltd. AAA(SO) 0.34 Cash and Other Receivables Short Term Fund-Growth Plan Short Term Fund- Dividend Re-Investment Plan Short Term Fund- Quarterly Dividend Plan Maturity Profile Year Weightage (%) Between 2-4 Years 36.13% Above 4 Years 25.05% Below 1 Year 21.34% Cash & Other Receivables 13.23% Between 1-2 Years 4.26% % Rating Profile Holdings Weightage(%) P % A % F1+(IND) 5.78% AAA 58.08% AAA(SO) 1.33% AAA(IND) 1.21% AAA(IND)(SO) 3.57% AA+ 0.78% AA(SO) 0.47% Cash & Other Receivables 13.23% % 0.64% NAV PERFORMANCE OF RELIANCE SHORT-TERM FUND VS CRISIL LIQUID FUND INDEX AS ON February 27, months Year Years Years Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." 24 Fundamentals March 2009

25 Debt Short-Term Fund Dividend Plan Date(DD/MM/YY) Rate % (per unit) Cum Dividend EX Dividend (Re/ Unit) NAV NAV* Short Term Fund - Dividend February 25, January 28, December 26, Short Term Fund - Quarterly Dividend December 22, September 19, June 19, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Gilt Securities Fund The primary of the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government Cash & Other Receivables Structure...Open-ended Government Securities Scheme Date of allotment...august 22, 2008 Inception Date...August 22, 2008 Corpus crore (February 28, 2009) Minimum Investment...Retail Plan 10,000 per plan per option Institutional Plan : 1 Cr per plan per option Fund Manager:...Prashant Pimple Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... NIL Exit Load % if redeemed within 1 year of allotment Institutional Plan - NIL No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... I-Sec Li-Bex Index Portfolio of reliance Gilt Securities Fund Holdings Rating Weightage (%) Govt Securities(gse) % GOI (MD 22/04/2018) Sovereign % GOI 2032 ( ) Sovereign % GOI (MD 19/01/2039) Sovereign % GOI (MD 02/02/2019) Sovereign % GOI 2017 (M/D. 28/8/2017) Sovereign % GOI 2022 (M/D ) Sovereign % GOI 2034 ( ) Sovereign 2.04 Cash And Other Receivables Gilt Securities Fund- Retail Growth Plan Gilt Securities Fund- Retail Dividend Plan Gilt Securities Fund- Retail Automatic Capital App Plan Gilt Securities Fund- Retail Defined Maturity Plan Gilt Securities Fund- Retail Automatic Annual Reinvestment Plan Gilt Securities Fund- Institutional Growth Plan Gilt Securities Fund- Institutional Dividend Plan Gilt Securities Fund- Institutional AutOmatic Capital App Plan Gilt Securities Fund- Institutional Defined Maturity Plan Dividend Plan Gilt Securities Fund-Institutional Automatic Annual Reinvestment Plan Maturity Profile Year % of Total Above 4 Years 86.81% Cash & Other Receivables 13.19% % Rating Profile Holdings Weightage(%) Sovereign 86.81% Cash & Other Receivables 13.19% % Retail 1.39% Institutional 1.30% NAV PERFORMANCE OF RELIANCE GILT SECURITIES FUND LTP - Retail - Growth VS I-SEC LI-BEX INDEX as on August 21, months Year Years Yrs Since Inception Inception Date - July 10, 2003 NAV PERFORMANCE OF RELIANCE GILT SECURITIES FUND - STP - Retail - Growth VS I-SEC SI-BEX INDEX as on August 21, months Year Years Yrs Since Inception Inception Date - July 10, 2003 NAV PERFORMANCE OF RELIANCE GILT SECURITIES FUND VS I-SEC LI-BEX INDEX as on February 27, Months Since Inception Inception Date - August 22, 2008 The key features of Gilt Securities Fund having Short Term Plan and Long Term Plan have been changed w.e.f 22nd Aug Pursuant to the changes, the scheme will have Retail Plan and Institutional Plan. For more details please refer to the Addendum dated 21st July 2008 Government of India Date(DD/MM/YY) Rate % (per unit) Cum Dividend EX Dividend (Re/ Unit) NAV NAV* G Sec Fund - Retail - Dividend January 28, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Fundamentals March

26 Debt Monthly Income Plan The primary of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital Structure...Open-ended Fund Monthly income is not assured and is subject to the availability of distributable surplus Date of allotment... December 29, 2003 Inception Date... January 13, 2004 Corpus crore (February 28, 2009) Minimum Investment.. For Growth Plan: 10,000; Mthly Div Plan: 25,000; Qtrly Div Plan: 10,000 Fund Manager... Amit Tripathi, Ashwani Kumar Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... Exit Load... For subscriptions of less than 1crore per purchase per transaction, exit load shall be: - 1% if redeemed/switch- out on or before completion of 12 months from the date of allotment of units - if redeemed/switch-out after completion of 12 months from the date of allotment of units For subscriptions of 1 cr and above per purchase per transaction, exit load shall be: - 1% if redeemed/switch-out on or before completion of 1 month from the date of allotment of units -, if redeemed/switch-out after completion of 1 month from the date of allotment of units. No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark.... Crisil MIP Blended Index Portfolio of monthly income PLAN Pass Through Certificates 7.24 Sobha Developers Limited LBB-(SO) by ICRA 7.24 Cash and Other Receivables Monthly Income Fund- Monthly Dividend Plan Monthly Income Fund- Quarterly Dividend Plan Monthly Income Fund- Growth Plan % NAV PERFORMANCE OF RELIANCE MIP VS CRISIL MIP BLENDED INDEX as on February 27, months Year Years Years Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Petroleum Products 6.78 Financial Institutions 7.37 Index/Stock Futures Finance Banks 3.31 Software 2.16 Industrial Capital Goods 1.30 Government of India Consumer Non Durables 0.17 Cash & Other Receivables Construction Holdings Rating Weightage (%) Index/stock Futures March 2009 Future 8.77 Maruti Suzuki India Ltd. March 2009 Future 4.27 Equity Shares 3.63 Mphasis Limited 2.16 Siemens Ltd Equity Holdings Less Than 1% Of Corpus 0.17 Govt Securities(GSE) % GOI 2022 (M/D ) Sovereign % GOI (MD 22/04/2018) Sovereign % GOI 2032 ( ) Sovereign % GOI (MD 19/01/2039) Sovereign 2.93 Non Convertible Debentures Power Finance Corporation Limited AAA Unitech Ltd. B(IND) by FITCH 9.81 Indian Railway Finance Corpn. Ltd. AAA 7.37 Industries Ltd. AAA 6.78 National Housing Bank AAA 3.31 Rural Electrification Corp Ltd AAA 3.12 Dividend Plan Date (DD/MM/YY) Rate % (per unit) Cum Dividend EX Dividend (Re/ Unit) NAV NAV* MIP - Monthly Dividend January 20, December 22, November 21, MIP - Quarterly Dividend December 22, September 22, June 20, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. 26 Fundamentals March 2009

27 Debt NRI Income Fund The primary of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in debt instruments. Structure... Open-ended Income Scheme Date of allotment... November 15, 2004 Inception Date... November 16, 2004 Corpus crore (February 28, 2009) Minimum Investment... 50,000 Fund Manager...Prashant Pimple Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... Exit Load.... <_5 lakh % within 0-6 months; >5 lakh - No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....Crisil Composite Bond Fund Index Portfolio of NRI INCOME FUND Holdings Weightage (%) Cash And Other Receivables Holdings Weightage(%) Cash & Other Receivables Maturity Profile Holdings Weightage(%) Cash & Other Receivables Rating Profile Holdings Weightage(%) Cash & Other Receivables NRI Income Fund-Dividend Plan NRI Income Fund-Growth Plan (exclusive of amortisation) 1.48% Amortisation Details Unamortised Amount (.) TER (incl. of amortisation) 70, % NAV PERFORMANCE - NRI INCOME FUND vs CRISIL COMPOSITE BOND FUND INDEX as on February 27, months Year Years Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Money Manager Fund The of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities Structure... Open-ended Income Scheme Date of allotment... March 20, 2007 Inception Date... March 21, 2007 Corpus crore (February 28, 2009) Minimum Investment...For Retail Plan: 1 lakh and in multiples of Re 1 thereafter for Institutional Plan: 1 crore and in multiples of Re 1 thereafter Fund Manager...Amit Tripathi Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... Exit Load Benchmark....Crisil Liquid Fund Index Portfolio of liquid plus fund Holdings Rating Weightage (%) Certificate Of Deposit Punjab National Bank PR1+ by CARE 4.62 Oriental Bank of Commerce P State Bank of Travancore P State Bank of Hyderabad A1+ by ICRA 2.43 Icici Bank Ltd. A1+ by ICRA 1.96 Idbi Bank Ltd P Canara Bank P Bank of Baroda A1+ by ICRA 0.89 Allahabad Bank P Abn Amro Bank N.V. A1+ by ICRA 0.38 Federal Bank Ltd. P ING Vysya Bank Ltd. P State Bank of Patiala A1+ by ICRA 0.09 Punjab National Bank A1+ by ICRA 0.08 Union Bank of India A1+ by ICRA 0.04 State Bank of Mysore A1+ by ICRA 0.01 Commercial Paper 3.79 Indiabulls Financial Services Ltd P Dlf Limited A1 by ICRA 0.78 Icici Home Finance Co. Ltd. A1+ by ICRA 0.28 Ongv Videsh Limited P Tata Motors Ltd. P Floating Rate Note Housing Development Finance Cor Ltd AAA 3.79 Citifinancial Consumer Finance India Limited AA Sundaram Finance Limited AA Ge Capital Services India Ltd AAA 0.63 Sundaram Finance Limited LAA+ by ICRA 0.63 Power Finance Corporation Limited AAA 0.52 Lic Housing Finance Ltd. AAA 0.37 Indian Railway Finance Corpn. Ltd. AAA 0.26 L&t Finance Ltd CAREAA+ by CARE 0.25 CITICORP Finance India Ltd. AA Idbi Bank Ltd AA Govt Securities(gse) % Goi 2009 Md( ) Sovereign 0.63 Non Convertible Debentures Housing Development Finance Cor Ltd AAA 4.45 Infrastructure Development contd... Fundamentals March

28 Debt Money Manager Fund Telecomservices 4.39 Finance - Asset Backed Banks Construction 3.24 Petroleum products 2.24 Finance Government of India 1.45 Financial Institutions 0.41 Industrial Capital Goods 0.24 Miscellaneous 0.09 Auto 0.11 Transportation 0.04 Media & Entertainment 0.03 Cash & Other Receivables Finance Company Ltd. AAA 4.20 Power Finance Corporation Limited AAA 2.73 Unitech Ltd. F4(IND) by FITCH 2.11 Lic Housing Finance Ltd. AAA 0.50 Tata Capital Limited LAA+ by ICRA 0.19 Idbi Bank Ltd AA Unitech Ltd. B(IND) by FITCH 0.18 National Bank For Agri. & Rural Dev AAA 0.14 Icici Home Finance Co. Ltd. Kotak Mahindra Prime Ltd. Ge Capital Services India Ltd LAAA by ICRA 0.14 LAA by ICRA 0.10 AAA(IND) by FITCH 0.04 Sundaram Finance Limited AA Citifinancial Consumer Finance India Limited AA Pass Through Certificates Invt Vehicle For Structure Tr 1508 AAA(SO) 8.93 Tata Communications Limited P1+(SO) 3.02 Indian Infra Equipment LAAA(SO) Trus June 07 by ICRA 1.54 Idea Cellular Limited P1+(SO) 1.39 Hindustan Petroleum A1+(SO) Corporation Ltd. by ICRA 1.22 Power Finance Corporation Limited AAA(SO) 1.06 Sme Retail Pool V Trust AAA(SO) 0.99 Shriram Transport F1+(IND)(SO) Finance Co Ltd. by FITCH 0.61 Hindustan Petroleum Corporation Ltd. P1+(SO) 0.57 Bharat Petroleum Corporation Ltd. P1+(SO) 0.33 Suzlon Energy Ltd. P1+(SO) 0.24 Indian Retail Abs Trust LAAA(SO) Series 90 by ICRA 0.13 Shriram Transport AA(IND) Finance Co Ltd. by FITCH 0.13 India Loan Securitisation Trus Vi AAA(SO) 0.12 Retail Trust August 2006 AAA(SO) 0.12 Dlf Commmercial Complexes Ltd P1(SO) 0.11 Bhpc Auto July06 A1 AA+(SO) 0.08 Rlp Trust Series 1 Ptc A1+(SO) by ICRA 0.08 Vodafone Essar F1+(IND)(SO) Cellular Ltd by FITCH 0.08 Invt Vehicle For Structure Tr 1208 AAA(SO) 0.07 Hindustan Construction PR1+(SO) Co. Ltd. by CARE 0.05 Retail Trust Feb 2005 LAAA by ICRA 0.05 Shriram Transport AA(IND)(SO) Finance Co Ltd. by FITCH 0.05 Tata Capital Limited LAA+ by ICRA 0.05 Indian Retail Abs Trust LAAA(SO) 91 by ICRA 0.04 G. E. Shipping AA+(SO) 0.04 Shriram Transport AA(SO) Finance Co Ltd. by FITCH 0.03 Shriram Transport Finance Co Ltd. P1+(SO) 0.03 Bennett Coleman & Co Ltd P1+(SO) 0.03 Fullerton India Credit Co. Ltd. LAAA(SO) by ICRA 0.02 Indian Retail Abs Trust Series 87 AAA(SO) 0.02 Invt Vehicle For Structure Tr 1108 AAA(SO) 0.01 Pass Through Certificates (ZCB) 0.13 RPS Securitisation Trust May 05 PTC ITCL LAAA by ICRA 0.13 Treasury Bills Days Tbill (MD 13/03/2009) Sovereign 0.82 Zero Coupon Bonds Tata Sons Ltd. AAA 0.09 Cash And Other Receivables Money Manager Fund- Retail Growth Money Manager Fund- Retail Bonus Money Manager Fund- Retail Daily Dividend Money Manager Fund- Retail Weekly Dividend Money Manager Fund- Retail Monthly Dividend Money Manager Fund- Retail Quarterly Dividend Money Manager Fund- Institutional Growth Money Manager Fund- Institutional Daily Dividend Money Manager Fund- InstItutional Weekly Dividend Money Manager Fund- Institutional Monthly Dividend Money Manager Fund- Institutional Quarterly Dividend Maturity Profile Year Weightage (%) Below 1 Year 63.09% Cash & Other Receivables 26.87% Between 1-2 Years 10.05% % contd Fundamentals March 2009

29 Debt Money Manager Fund Rating Profile Holdings Weightage(%) Sovereign 1.45% P % P1+(SO) 5.60% A % A1+(SO) 1.30% F1+(IND)(S0) 0.69% PR % PR1+(SO) 0.05% AAA 14.49% LAAA 3.64% LAAA(SO) 1.74% AAA(SO) 11.23% AA+ 4.12% LAA+ 0.87% AA+(SO) 0.12% AA(SO) 0.12% AA(IND) 0.04% AA(IND)(SO) 0.05% LAA 0.10% P1 0.11% P1(SO) 0.11% A1 0.78% F4(IND) 2.11% B(IND) 0.18% Cash & Other Receivables 26.87% % Retail 0.80% Institutional 0.49% NAV PERFORMANCE OF LIQUID PLUS FUND VS CRISIL LIQUID FUND INDEX AS ON February 27, Months year Since inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Dividend Plan Date(DD/MM/YY) Rate % (per unit) Cum Dividend Ex Dividend (Re/ Unit) NAV NAV* Money Manager Fund - Weekly Dividend February 27, February 24, February 13, February 6, Money Manager Fund -Retail - Monthly Dividend February 19, January 19, December 22, Money Manager Fund -Retail - Quarterly Dividend December 22, September 19, June 19, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Fundamentals March

30 Debt Liquid Fund (Treasury Plan) The primary of the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments Telecom - Services 2.89 Finance Finance - Asset Backed 2.76 Miscellaneous 2.65 Cash & Other Receivables Industrial Capital Goods 1.06 Financial Institutions 0.80 Fertilisers 0.77 Electrical & Electronics 0.75 Banks Fundamentals March 2009 Structure...Open-ended Liquid Scheme Date of allotment... March 18, 1998 Inception Date... March 23, 1998 Corpus crore (February 28, 2009) Minimum Investment...Retail:. 5, IP:. 1,00,00,000 Fund Manager...Prashant Pimple Weighted Average YTM...6.8% Modified Duration Years Weighted Average Maturity Years Entry Load... Exit Load No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....Crisil Liquid Fund Index Portfolio of LIQUID fund (TREASURY PLAN) Holdings Rating Weightage (%) Certificate Of Deposit Icici Bank Ltd. A1+ by ICRA Andhra Bank Ltd F1+(IND) by FITCH 6.30 Oriental Bank of Commerce P Vijaya Bank PR1+ by CARE 2.99 Allahabad Bank A1+ by ICRA 2.95 IDBI Bank Ltd A1+ by ICRA 2.94 State Bank of Indore P Syndicate Bank Ltd. PR1+ by CARE 1.84 Allahabad Bank P State Bank Of India P Uco Bank P Export Import Bank of India P Kotak Mahindra Bank Ltd. P Idbi Bank Ltd P State Bank of Mysore A1+ by ICRA 0.48 Development Credit Bank Ltd. P National Bank For Agri. & Rural Dev P Commercial Paper 7.10 Indiabulls Financial Services Ltd P National Housing Bank A1+ by ICRA 2.98 Cholamandalam DBS Finance Ltd. P L&t Finance Ltd PR1+ by CARE 0.15 Floating Rate Note Tata Sons Ltd. AAA 2.65 Citicorp Finance India Ltd. AA Mahindra & Mahindra Fin Ser Ltd. AA L&T Finance Ltd CAREAA+ by CARE 1.36 Citifinancial Consumer Finance India Limited AA Sundaram Finance Limited LAA+ by ICRA 0.76 LIC Housing Finance Ltd. AAA 0.38 Edelweiss Capital Limited P Sundaram Finance Limited AA Cholamandalam Dbs AA-(IND) Finance Ltd. by FITCH 0.15 Ge Capital Services India Ltd AAA 0.15 Infrastructure Development Finance Company Ltd. AAA 0.08 Non Convertible Debentures Housing Development Finance Cor Ltd AAA 2.08 Pass Through Certificates 8.52 Vodafone Essar South Ltd. F1+(IND)(SO) by FITCH 1.54 Suzlon Energy Ltd. P1+(SO) 1.06 STL Fertilizers F1+(IND)(SO) Private Limited by FITCH 0.77 IBM India Private Limited F1+(IND)(SO) by FITCH 0.75 India Loan Sec Sr 3 LAAA(SO) Trust 2008 by ICRA 0.63 Vodafone Essar Cellular Ltd F1+(IND)(SO) by FITCH 0.56 Invt Vehicle For Structure Tr 1508 AAA(SO) 0.47 Indian Reail Abs Trust 79 AAA(SO) 0.41 Vodafone Essar A1+(SO) Spacetel Limited by ICRA 0.41 Indian Retail ABS Trust 81 AAA(SO) 0.40 Idea Cellular Limited P1+(SO) 0.38 Indian Reail ABS Trust 80 AAA(SO) 0.37 Indian Retail ABS Trust 93 LAAA by ICRA 0.30 Lic Housing Finance Ltd. AAA(SO) 0.29 Indian Retail ABS Trust 72 LAAA(SO) by ICRA 0.13 Indian Retail ABS LAAA(SO) Trust Sr 50 Sr A2y PTC by ICRA 0.04 Cash and Other Receivables Liquid Fund - Treasury Plan - Daily Dividend Plan Liquid Fund - Treasury Plan - Weekly Dividend Plan Liquid Fund - Treasury Plan - Monthly Dividend Plan Liquid Fund - Treasury Plan - Quarterly Dividend Plan Liquid Fund - Treasury Plan - Growth Plan Liquid Fund - Treasury Plan - Institutional Daily Dividend Plan Liquid Fund - Treasury Plan - Institutional Weekly Dividend Plan Liquid Fund - Treasury Plan - Institutional Monthly Dividend Plan Liquid Fund - Treasury Plan - Institutional Growth Plan Maturity Profile Year Weightage (%) Below 1 Year 64.33% Cash & Other Receivables 31.66% Between 1-2 Years 4.01% % Rating Profile Holdings Weightage (%) P % P1+(SO) 1.44% A % A1+(SO) 0.41% F1+(IND) 4.46% F % F1+(IND)(S0) 2.08% F1+(SO) 1.54% PR % AAA 5.31% LAAA 0.08% LAAA(SO) 0.93% AAA(SO) 2.08% AA+ 6.67% LAA+ 0.76% LAA 0.15% P1 0.83% Cash & Other Receivables 31.66% % Retail 0.84% Institutional 0.55% NAV PERFORMANCE OF RELIANCE LIQUID FUND - TREASURY PLAN VS CRISIL LIQUID FUND INDEX As On February 27, days days days months months Year Years yrs Since Inception 7.00 N.A. "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

31 Debt Liquid Fund (Treasury Plan) Dividend Plan Date(DD/MM/YY) Rate % (per unit) Cum Dividend EX Dividend (Re/ Unit) NAV NAV* Liquid Fund - TP - Retail - Mtly Dividend December 26, May 9, February 1, Liquid Fund - TP - Retail - Wkly Dividend February 27, February 24, February 13, February 6, Liquid Fund - TP - Retail - Qtly Dividend December 19, December 27, July 4, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Liquid Fund (Cash Plan) The primary of the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Structure...Open-ended Liquid Scheme Date of allotment... December 7, 2001 Inception Date... December 7, 2001 Corpus crore (February 28, 2009) Minimum Investment... 25,000 Fund Manager...Amit Tripathi Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... Exit Load No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....Crisil Liquid Fund Index Portfolio of LIQUID FUND (CASH PLan) Holdings Rating Weightage (%) Cash and Other Receivables Holdings Weightage(%) Cash & Other Receivables % % Maturity Profile Holdings Weightage(%) Cash & Other Receivables % % Rating Profile Holdings Weightage(%) Cash & Other Receivables % % NAV PERFORMANCE OF RELIANCE LIQUID FUND - CASH PLAN VS CRISIL LIQUID FUND INDEX AS ON February 27, days days days months months Year Years years Since Inception 5.40 N.A. "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future. N.A. denotes non-availability of suitable index at the time of inception." Special Feature Any Time Money Card Liquid Cash Plan-Growth Plan Liquid Cash Plan- Weekly Dividend Plan Liquid Cash Plan- Daily Dividend Plan % Fundamentals March

32 Debt Dividend Plan Date(DD/MM/YY) Rate % (per unit) Cum Dividend EX Dividend (Re/ Unit) NAV NAV* February 27, February 24, February 13, February 6, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Floating Rate Fund The primary of the scheme is to generate regular income through investment in a portfolio comprising substantially of Floating Rate Debt Securities (including floating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns). The scheme shall also invest in Fixed Rate Debt Securities (including floating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for fixed returns). Finance Banks Cash & Other Receivables Constructions 4.48 Petrolium - Products 4.32 Finance - Asset Backed Fundamentals March 2009 Structure...Open-ended Liquid Scheme Date of allotment...august 27, 2004 Inception Date...September 2, 2004 Corpus crore (February 28, 2009) Minimum Investment... 25,000 Fund Manager...Amit Tripathi Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... Exit Load No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....Crisil Liquid Fund Index Portfolio of floating rate fund Holdings Rating Weightage (%) Certificate Of Deposit State Bank of Patiala A1+ by ICRA 8.93 Federal Bank Ltd. P IDBI Bank Ltd P ICICI Bank Ltd. A1+ by ICRA 6.73 Hongkong & Shanghai F1+(IND) Banking Corpn. Ltd. by FITCH 5.75 United Bank of India Ltd. A1+ by ICRA 4.68 Canara Bank P State Bank of Hyderabad A1+ by ICRA 4.54 Oriental Bank of Commerce P Allahabad Bank A1+ by ICRA 1.88 Punjab National Bank A1+ by ICRA 1.06 Commercial Paper 8.63 Rabo India Finance Ltd. P ICICI Home Finance Co. Ltd. A1+ by ICRA 2.88 ICICI Securities Ltd P Floating Rate Note 5.40 Citicorp Finance India Ltd. AA G E Money Financial Services Ltd. AAA 1.93 Citifinancial Consumer Finance India Limited AA Non Convertible Debentures Unitech Ltd. F4(IND) by FITCH 2.66 Pass Through Certificates Bharat Petroleum Corporation Ltd. P1+(SO) 4.32 Power Finance Corporation Limited AAA(SO) 3.01 Sobha Developers LBB-(SO) Limited by ICRA 1.82 Indiabulls Financial Services Ltd P1+(SO) 1.62 Indian Retail ABS Trust Sr LAAA(SO) 50 Sr A2y PTC by ICRA 1.13 Cash and Other Receivables Floating Rate Fund- Growth Plan Floating Rate Fund- Dividend Plan Floating Rate Fund- Daily Dividend Plan Floating Rate Fund- Weekly Dividend Plan Maturity Profile Year Weightage (%) Below 1 Year 85.92% Cash & Other Receivables 14.08% % Rating Profile Holdings Weightage (%) P % P1+(SO) 5.94% A % F % AAA 3.06% AAA(SO) 3.01% AA+ 3.48% F4(IND) 2.66% LBB-(SO) 1.82% Cash & Other Receivables 14.08% % (exclusive of amortisation) 0.58% Amortisation Details Unamortised Amount (.) TER (incl. of amortisation) 122, % nav Performance of RELIANCE FLOATING RATE FUND vs Crisil Liquid Fund INDEX as on September 11, Year Since Inception Floating Rate Fund was launched on September 2, 2004 and subsequently w.e.f September 12, 2006 the asset allocation has been changed. NAV PERFORMANCE OF RELIANCE FLOATING RATE FUND vs CRISIL LIQUID FUND INDEX AS ON February 27, days days days months months Year Since Inception Inception date : 12/09/2006 Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. For more details on the features of Floating Rate Fund refer addendum to the offer document dated August 9, 2006 "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

33 Debt Floating Rate Fund Dividend Plan Date(DD/MM/YY) Rate % (per unit) Cum Dividend EX Dividend (Re/ Unit) NAV NAV* FRF - Wkly Dividend February 27, February 24, February 13, February 6, FRF - Dividend (Monthly) February 19, January 19, December 19, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Liquidity Fund The of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Nature...Open-ended Liquid Scheme Date of allotment...june 16, 2005 Inception Date...June 16, 2005 Corpus crore (February 28, 2009) Minimum Investment.. 5 crore for all investors & in multiples of Re 1 thereafter Fund Manager...Amit Tripathi Weighted Average YTM % Modified Duration Years Weighted Average Maturity Years Entry Load... Exit Load No Entry Load for Direct Investments w.e.f January 4, 2008 Benchmark....Crisil Liquid Fund Index Portfolio of reliance liquidity Fund Holdings Rating Weightage (%) Certificate Of Deposit State Bank of Hyderabad A1+ by ICRA 5.06 ICICI Bank Ltd. A1+ by ICRA 4.14 State Bank of Mysore A1+ by ICRA 3.25 Union Bank of India A1+ by ICRA 2.32 Axis Bank Limited P Idbi Bank Ltd P Canara Bank P Jammu & Kashmir Bank Limited P State Bank of Bikaner & Jaipur P State Bank of Patiala A1+ by ICRA 1.24 Vijaya Bank PR1+ by CARE 1.00 Bank Of Baroda A1+ by ICRA 0.96 Punjab National Bank A1+ by ICRA 0.94 Syndicate Bank Ltd. PR1+ by CARE 0.83 Punjab National Bank PR1+ by CARE 0.82 Uco Bank P Citibank N.a. P Export Import Bank Of India P Yes Bank Ltd. A1+ by ICRA 0.33 Dena Bank P Hongkong & Shanghai Banking F1+(IND) Corpn. Ltd. by FITCH 0.33 Ing Vysya Bank Ltd. P Andhra Bank Ltd F1+(IND) by FITCH 0.28 Federal Bank Ltd. P Oriental Bank of Commerce P State Bank of Indore P Commercial Paper 8.95 Ongv Videsh Limited P Indiabulls Financial Services Ltd P Indian Oil Corporation Ltd. A1+ by ICRA 1.68 Fullerton India Credit Co. Ltd. A1+ by ICRA 0.50 I L & F S Ltd. A1+ by ICRA 0.15 Dlf Limited A1 by ICRA 0.06 Housing Development Finance Cor Ltd P Floating Rate Note Tata Steel Ltd. AA 3.65 Infrastructure Development LAAA Finance Company Ltd. by ICRA 2.68 Power Finance Corporation Limited AAA 1.75 Tata Sons Ltd. AAA 1.57 Larsen & Toubro Ltd. P Housing Development Finance Cor Ltd AAA 1.11 Citifinancial Consumer Finance India Limited AA L&t Finance Ltd CAREAA+ by CARE 0.60 Hindalco F1+(IND) Industries Ltd. by FITCH 0.54 G E Money Financial Services Ltd. AAA 0.44 Citicorp Finance India Ltd. AA Mahindra & Mahindra Fin Ser Ltd. AA Sundaram Finance Limited LAA+ by ICRA 0.34 Indian Railway Finance Corpn. Ltd. AAA 0.26 Ge Capital Services India Ltd AAA 0.23 Hero Honda Finlease Limited P Idbi Bank Ltd AA Kotak Mahindra Prime Ltd. LAA by ICRA 0.17 Export Import Bank Of India AAA 0.10 Ultratech Cement Ltd. AAA 0.07 Non Convertible Debentures Housing Development Finance Cor Ltd AAA 2.48 Citifinancial Consumer Finance India Limited AA Citicorp Finance India Ltd. AA National Bank For Agri. & Rural Dev AAA 0.13 Cholamandalam Dbs LAA Finance Ltd. by ICRA 0.12 Infrastructure Development Finance Company Ltd. AAA 0.09 Export Import Bank of India AAA 0.07 First Leasing Co Ltd PR1+ by CARE 0.07 Kotak Mahindra Prime Ltd. P Pass Through Certificates Invt Vehicle For Structure Tr 1508 AAA(SO) 1.72 Idea Cellular Limited P1+(SO) 1.22 Indian Retail Abs Trust 93 LAAA by ICRA 1.12 Tata Communications Limited P1+(SO) 0.98 Invt Vehicle For Structure Tr 1108 AAA(SO) 0.70 Indiabulls Financial Services Ltd P1+(SO) 0.59 Hindustan Construction PR1+(SO) Co. Ltd. by CARE 0.45 Stl Fertilizers F1+(IND)(SO) Private Limited by FITCH 0.41 Lic Housing Finance Ltd. AAA(SO) 0.41 Indian Retail ABS Trust 91 LAAA(SO) by ICRA 0.36 Vodafone Essar Cellular Ltd F1+(IND)(SO) by FITCH 0.36 Ibm India Private Limited F1+(IND)(SO) by FITCH 0.34 Indian Retail ABS Trust Sr 94 AAA(SO) 0.30 contd... Fundamentals March

34 Debt Government of India 4.24 Finance - Asset Backed 5.43 Petroleum products 6.41 Finance Ferrous Metals 3.65 Telecom - Services 2.81 Miscellaneous 1.57 Diversified 1.34 Financial Institution 1.20 Construction 0.58 Non-Ferrous Metals 0.54 Fertilisers 0.41 Electrical &Electronics 0.34 Media & Entertainment 0.29 Industrial Capital Goods Cement Cash & Other Receivables Banks Bennett Coleman & Co Ltd P1+(SO) 0.29 Indian Retail Abs LAAA(SO) Trust Series 89 by ICRA 0.24 Vodafone Essar A1+(SO) Spacetel Limited by ICRA 0.19 India Loan Sec Sr 4 Trust 2008 AAA(SO) 0.18 Indian Retail ABS Trust 82 AAA(SO) 0.18 Bharat Petroleum F1+(IND)(SO) Corporation Ltd. by FITCH 0.18 Suzlon Energy Ltd. P1+(SO) 0.16 India Loan Sec Sr 1 Trust 2008 AAA(SO) 0.16 Indian Retail ABS Trust 85 Sr A1 B AAA(SO) 0.08 Sme Retail Pool V Trust P1+(SO) 0.08 Indian Retail ABS Trust 95 AAA(SO) 0.07 Dlf Commmercial Complexes Ltd P1(SO) 0.07 Indian Retail LAAA(SO) ABS Trust 73 by ICRA 0.06 Vodafone Essar F1+(IND)(SO) South Ltd. by FITCH 0.05 Indian Retail Abs LAAA(SO) Trust Ser 64 by ICRA 0.03 Power Finance Corporation Limited AAA 0.03 Retail Trust Feb 2005 LAAA by ICRA 0.02 Shriram Transport AA(IND)(SO) Finance Co Ltd. by FITCH 0.02 Indian Retail Abs LAAA(SO) Trust Sr 50 Sr A2y PTC by ICRA 0.02 Retail Trust August 2006 AAA(SO) 0.02 Srei Equipment AA(IND)(SO) Finance Private Ltd by FITCH 0.01 Indian Retail Abs Trust Series 88 AAA(SO) 0.01 India Retail LAAA(SO) Abs Trust 74 by ICRA 0.01 Indian Retail Abs Trust Series 86 AAA(SO) 0.01 Hindustan Petroleum Corporation Ltd. P1+(SO) 0.01 Indian Retail ABS Trust Series 83 AAA(SO) 0.01 Pass Through Certificates (ZCB) 0.04 Rps Securitisation LAAA Trust May 05 Ptc Itcl by ICRA 0.04 Treasury Bills Days Tbill (MD 15/05/2009) Sovereign Days Tbill (MD 17/04/2009) Sovereign Days Tbill (MD 13/03/2009) Sovereign 0.91 Cash And Other Receivables Liquidity Fund- Daily Dividend Plan Liquidity Fund- Weekly Dividend Plan Liquidity Fund- Monthly Dividend Liquidity Fund- Growth Plan Dividend Plan Maturity Profile Year % of Total Below 1 Year 66.09% Cash & Other Receivables 21.75% Between 2-4 Years 8.49% Between 1-2 Years 3.67% % Rating Profile Holdings Weightage(%) Sovereign 4.24% P % P1+(SO) 3.33% A % A1+(SO) 0.19% F1+(IND) 1.15% F1+(IND)(S0) 1.28% F1+(SO) 0.05% PR % PR1+(SO) 0.45% AAA 12.25% LAAA 2.78% LAAA(SO) 1.14% AAA(SO) 4.26% AA+ 3.11% LAA+ 0.34% AA 0.17% AA(IND)(SO) 0.04% LAA 0.12% P1(SO) 0.07% A1 0.06% Cash & Other Receivables 21.75% % 0.44% NAV PERFORMANCE OF RELIANCE LIQUIDITY FUND VS CRISIL LIQUID FUND INDEX AS ON February 27, days days days months months Year yrs Since Inception "Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future." Date(DD/MM/YY) Rate % (per unit) Cum Dividend EX Dividend (Re/ Unit) NAV NAV* Liquidity Fund - Weekly Dividend February 27, February 24, February 13, February 6, Liquidity Fund - Monthly Dividend November 25, February 25, January 25, Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. 34 Fundamentals March 2009

35 etf Banking Exchange Traded Fund The of Banking Exchange Traded Fund (RBETF) is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX Bank Index. However, the performance of Scheme may differ from that of the underlying index due to tracking error. (%) Equities Cash and Other Receivables 2.86 Nature...Open-ended, exchange listed, index linked scheme (tracking CNX Bank Index) Date of allotment...june 19, 2008 Inception Date...June 24, 2008 Corpus: crore (February 28, 2009) Minimum Investment... On going purchases directly from the Mutual Fund would be restricted to Authorised Participants and Large Investors provided the value of units to be purchased is in creation unit size. Authorised Participants and Large Investors may buy the units on any business day for the scheme directly from the Mutual Fund at applicable NAV and transaction charges, if applicable, by transferring stocks or cash, value of which is equal to creation unit size. Each creation unit consist of 10,000 units and cash component, if any, of Banking Exchange Traded Fund. Fund Manager...Krishan Daga Entry Load... Exit Load Exchange Listed...NSE NSE Symbol....RELBANK Benchmark....CNX Bank Index Portfolio of Banking Exchange Traded Fund Holdings Weightage (%) Equities State Bank of India Hdfc Bank Ltd Icici Bank Ltd Axis Bank Limited 5.74 Bank of India 5.45 Punjab National Bank 4.90 Kotak Mahindra Bank Ltd Bank of Baroda 3.69 Canara Bank 3.12 Union Bank of India 3.01 Idbi Bank Ltd 1.61 Oriental Bank Of Commerce 1.33 Cash and Other Receivables 2.86 Banking Exchange Traded Fund % nav performance of RELIANCE BANKING EXCHANGE TRADED FUND vs CNX Bank index as on February 27, months Since Inception Absolute Returns of the Growth Option - Since the Scheme has not completed one year. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past performance may or may not be sustained in the future. Volatility Measures Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Rati 0.22 Charges upto. 3/sms. No. 1 in terms of AAUM as on 31st January Source:amfiindia.com Sponsor: Capital Limited Trustee: Capital Trustee Co. Limited Investment Manager: Capital Asset Management Limited. Statutory Details: The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act Banking Exchange Traded Fund (An open-ended, exchange listed, index linked Scheme) : The of Banking Exchange Traded Fund is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX Bank Index. However, the performance of Scheme may differ from that of the underlying index due to tracking error. Risk Factors: Mutual Funds and securities investments are subject to market risks and there is no assurance and no guarantee that the Schemes objectives will be achieved. As with investments in any securities, the NAVs of the units issued under the Scheme can go up or down depending on the factors and forces affecting the securities market. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of future performance of the Scheme. Banking Exchange Traded Fund is only the name of the scheme and does not in any manner indicate either the quality of the Scheme, its future prospects or returns. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond their initial contribution of.1 lac towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. The NAV of the Scheme may be affected, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. The Mutual Fund is not guaranteeing or assuring any dividends/ bonus. The Mutual Fund is also not assuring that it will make periodical dividend/ bonus distributions, though it has every intention of doing so. All dividend/ bonus distributions are subject to the availability of distributable surplus in the respective Scheme For details of scheme features apart from those mentioned above and scheme specific risk factors please refer to the Offer Document/Scheme Information Document. Please read the offer document / scheme information document carefully before investing. Fundamentals March

36 etf Gold Exchange Traded Fund The is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold (and Gold related securities as permitted by Regulators from time to time). However, the performance of the scheme may differ from that of the domestic prices of Gold due to expenses and or other related factors Structure.. An open-ended Gold ETF that tracks the domestic prices of gold through investments in physical gold Date of allotment... November 21, 2007 Inception Date... November 22, 2007 Corpus crore (February 28, 2009) Minimum Investment.... On going purchase directly from mutual fund would be available only to the Authorised Participants provided the value of units to be purchased is in creation unit size. Authorised Participants may buy the units on any business day for the scheme directly from the mutual fund at applicable NAV and transaction charges, if applicable, by depositing Gold or cash, value of which is equal to creation size. Each creation unit consists of 1000 units and cash components, if any, of Gold Exchange Traded Fund. Exchange listed...nse NSE Symbol...RELGOLD Fund Manager...Hiren Chandaria Entry Load... NIL Exit Load...NIl Benchmark....As there are no indices catering to the gold sector/securities linked to Gold,.. currently GETF shall be benchmarked against the price of Gold. Portfolio of gold exchange traded fund Holdings Weightage (%) GOLD Gold 995 1kg Bar Cash and Other Receivables 0.12 Gold ETF-Dividend Payout 1, % NAV PERFORMANCE OF RELIANCE GOLD EXCHANGE TRADED FUND-DIVIDEND PAYOUT OPTION VS GOLD PRICE As On February 27, months Year Since Inception Absolute Returns of the Growth Option - Since the Scheme has not completed one year. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past performance may or may not be sustained in the future. Sponsor: Capital Limited Trustee: Capital Trustee Co. Limited Investment Manager: Capital Asset Management Limited. Statutory Details: The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act Gold Exchange Traded Fund (An open-ended Gold ETF) : The is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold (and Gold related securities as permitted by Regulators from time to time). However, the performance of the scheme may differ from that of the domestic prices of Gold due to expenses and or other related factors. Risk Factors: Mutual Funds and securities investments are subject to market risks and there is no assurance and no guarantee that the Schemes objectives will be achieved. As with investments in any securities, the NAVs of the units issued under the Scheme can go up or down depending on the factors and forces affecting the securities market. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of future performance of the Scheme. Gold Exchange Traded Fund is only the name of the scheme and does not in any manner indicate either the quality of the Scheme, its future prospects or returns. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond their initial contribution of.1 lac towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. The NAV of the Scheme may be affected, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. The Mutual Fund is not guaranteeing or assuring any dividends/ bonus. The Mutual Fund is also not assuring that it will make periodical dividend/ bonus distributions, though it has every intention of doing so. All dividend/ bonus distributions are subject to the availability of distributable surplus in the respective Scheme. For details of scheme features apart from those mentioned above and scheme specific risk factors please refer to the Offer Document/Scheme Information Document. Please read the offer document / scheme information document carefully before investing. 36 Fundamentals March 2009

37 Equity Fund Management Team Name of the Experience in Total Experience Fund Manager managing the respective funds Madhusudan Over 16 years Kela, Head - experience in Equity capital market Investments Sunil Growth Over 19 Years of Singhania Fund - Since experience, of Dec 2003 which 13 years in Equity Capital Markets Fund - Since March 06 Long Term Equity Fund - Since Dec 2006 Diversified Power Sector Fund - Since May 2004 Banking Fund - Since May 2003 Ashwani Index Over 15 years of Kumar Fund - Since experience in Feb 2005 equity research Vision & 5 years Fund - Since of experience June 2003 in managing Tax equity portfolios Saver (ELSS) & fund Fund- Since management Sep1t 2005 Equity Advantage Fund - Since Aug 2007 Monthly Income Plan - Since Jan 2004 Sailesh Equity Over 12 years Raj Bhan Opportunities experience in Fund- Since Equity Securities March 2005 research, analysis Equity and fund Advantage management Fund- Since Aug 2007 Pharma Fund - Since June 2004 Media & Entertainment Fund- Since Oct 2004 Equity Linked Saving Fund - Series 1- Since March 2008 Omprakash NRI Over 18 years of S. Kuckian Equity Fund- experience of Since November which 3 years of 2004 managing Regular investments in Savings Fund- equities Equity option - Since Oct 2007 Regular Savings Fund- Balanced option- Since Oct 2007 Shiv Natural Over 7 years of Chanani Resources Fund- experience in Since Feb 2008 Equity Securities research and analysisde Krishan Daga Quant Over 16 years of Plus Fund - experience, of Since July 2008 which 13 years in Banking Equity Research Exchange Traded Fund - Since June 2008 Debt Fund Management Team Name of the Experience in Total Experience Fund Manager managing the respective funds Mr. Amitabh Monthly Over 11 and half Mohanty Income Plan- from years experience Oct 07 to Sept 08 in Fixed Income NRI Income Function Fund- from Oct 07 to Sept 08 Gilt Securities Fund - from Oct 07 to Sept 08 Short Term Fund from Oct 07 to Sept 08 Mr. Amit Liquidity Over 7 years Tripathi Fund- Since experience in June 05 managing Fixed Floating Income portfolios Rate Fund Since Oct 07 Liquid Fund Cash Plan Since Oct 2003 Income Fund From Oct 07 to Sept 08 Liquid Plus Fund Since March 07 Monthly Income Plan- Since Oct 08 Medium Term Fund- Since Oct 08 Ms. Anju Over 9 years Chhajer experience in managing Fixed Income portfolios Mr. Arpit Medium Around 3 years of Malaviya Term Fund- Since experience of Oct 07 to Sept 08 dealing in fixed Liquid Fund income securities Treasury Plan- Since Oct 07 to Sept 08 Regular Savings Fund- Debt option- Since Oct 07 Regular Savings Fund- Balanced option- Since Oct 07 Mr. Hiren Gold ETF Over 3 years exp Chandaria - Since May 2008 in commodity - analysis, advisory, dealing and trading Mr. Prashant NRI Income Over 7 years Pimple Fund- Since experience in Oct 2008 managing Income fixed income Fund- Since securities. Oct 2008 Gilt Securities Fund- Since Oct 2008 Short Term Fund- Since Oct 2008 Liquid Fund- Treasury Plan- Since Oct 2008 Any Time Money Card The facility of anytime withdrawal will be in addition to the physical mode of redemption presently available to the unit holders, in any other scheme/plan. Unitholders can opt for any of the redemption facility as per his choice and convenience. One cash withdrawal and one balance enquiry will be free every month on HDFC Bank ATMs only. Charges applicable on subsequent transactions or balance enquiry. This card shall not be issued to Minors, HUF, NRI, Pvt/Public Ltd Companies, Partnership Firms, Proprietorship Firms, Trusts and any other category of investors as defined in the offer document. Fundamentals March

38 SnapShot equity Features/ Scheme Growth Scheme Vision Scheme Equity Opportunities Fund Diversified Power Sector Fund Type An open ended equity growth scheme An open ended equity growth scheme An open ended diversified equity scheme An open ended power sector scheme Inception Date October 8, 1995 October 8, 1995 March 31, 2005 May 10, 2004 Investment objective The primary of the scheme is to achieve long term growth of capital by investing in equity and equity related securities through a research based investment approach. The primary of the scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach The primary of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. The primary of the scheme is to seek to generate continuous return by actively investing in equity and equity related or fixed income securities of Power and other associated companies Asset Allocation Equity & Equity Related Instruments % & Debt & Money Market Instrument upto 35% Equity & Equity Related Instruments-At least 60% & Debt upto 30% & Money Mkt Instrument upto 10% Equity & Equity Related Instruments % & Debt & *Money Mkt Instruments upto 25% (*including upto 25% of the corpus in securitised Debt) Equity & Equity Related Instruments % & Debt & Money Mkt Instruments with Average Maturity of 5-10 yrs-upto 0-100% Entry Load Retail Plan: For Subscription below 2 crs-2.25%, For subscription of 2 cr & above but below 5 Crs- 1.25%, For subscriptions of 5 Cr & Above - Institutional Plan: Exit Load Retail Plan: For Subscriptions of less than 5 Crs; > 1% if redeemed/switched on or before completion of 1 year from the date of allotment. > if redeemed/switched after the completion of 1 year from the date of allotment ; For subscription of 5 Crs and above, no exit load shall be charged. Institutional Plan: Choice of Plans and Options Fund Manager Sunil Singhania Under each of Retail and IP Plans following options are included: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment) Ashwani Kumar Sailesh Raj Bhan Sunil Singhania Benchmark BSE 100 BSE 100 BSE 100 India Power Index Minimum Amount Cut off Time for Subscription & redemption SIP STP SWP Retail Plan:5000 & in multiples of Re 1 thereafter Institutional Plan:.5 crs & in multiples of Re 1 thereafter (only under Retail Plan) (only under Retail Plan) (both Retail and Institutional Plan) Retail Plan:5000 & in multiples of Re 1 thereafter Institutional Plan:.5 crs & in multiples of Re 1 thereafter (only under Retail Plan) (only under Retail Plan) (both Retail and Institutional Plans) Retail Plan:5000 & in multiples of Re 1 thereafter Institutional Plan:.5 crs & in multiples of Re 1 thereafter (only under Retail Plan) (only under Retail Plan) (both Retail and Institutional Plan) Retail Plan:5000 & in multiples of Re 1 thereafter Institutional Plan:.5 crs & in multiples of Re 1 thereafter (only under Retail Plan) (only under Retail Plan) (both Retail and Institutional Plan) 38 Fundamentals March 2009

39 Quant* Plus Fund (Formerly known as Index Fund.) Open ended equity scheme April 18, 2008 The of the scheme is to generate capital appreciation through investment in equity and equity related instruments. The scheme will seek to generate capital appreciation by investing in an active portfolio of stocks selected from S&P CNX Nifty on the basis of a mathematical model Equity & Equity Related Instruments % & Debt & Money Mkt Instruments -upto 0-10% Retail Plan:For Subscription below.2 crores: 2.25%; For Subscription of. 2 crores & above and below.5 crores: 1.00%. For Subscriptions of.5 crore & above:. Institutional Plan: Retail Plan: For Subscriptions of less than 5 Crs per transaction.-1% if redeemed/switched on or before completion of 1 year from the date of allotment. - if redeemed/switched after completion of 1 year from the date of allotment For subscription of 5 Crs and above per purchase transaction, no exit load shall be charged. Institutional Plan- Krishan Daga S&P CNX Nifty Retail Plan:5000 & in multiples of Re 1 thereafter Institutional Plan:.5 crs & in multiples of Re 1 thereafter Equity Linked Saving Fund-Series I 10 Year close-ended Equity Linked Saving Scheme April 1, 2008 The primary of the scheme is to generate long term capital appreciation from a portfolio that is invested predominantly in equities along with income tax benefits Equity %& Debt & Money Market Instruments- upto 20% NA # Growth (Growth Option) & Dividend (Payout option) Sailesh Raj Bhan BSE 100 Index 500 & in multiples of 500 thereafter Pharma Fund An open ended pharma sector scheme June 8, 2004 The primary of the scheme is to seek to generate consistent returns by investing in equity and equity related or fixed income securities of Pharma and other associated companies Equity & Equity Related Instruments % & Debt & Money Mkt Instruments with Average Maturity of 5-10 yrs-upto 0-100% For subscription below 2cr-2.25%, For subscription of 2cr & above but below 5cr-1.25%. For subscriptions of 5cr and above- "For Subscriptions of less than 5 Crs;> 1% if redeemed/switched on or before completion of 1 year from the date of allotment. > if redeemed/ switched after completion of 1 year from the date of allotment ; For subscription of 5 Crs and above, no exit load shall be charged. Growth(Growth & Bonus), Dividend(Payout& Reinvestment) Sailesh Raj Bhan BSE Healthcare Index 5000 & Re 1 thereafter Natural Resources Fund Open ended equity scheme February 26, 2008 The primary of the scheme is to seek to generate capital appreciation and provide long term growth opportunities by investing in companies principally engaged in the discovery, development, production or distribution of natural resources and the secondary objective is to generate consistent returns by investing in debt and money market securities "Equity and Equity related Securities of companies principally engaged in the discovery, development, production or distribution of natural resources in: 65%-100% ( Domestic Companies 65% -100%, Foreign Companies as permitted by SEBI/RBI from time to time 0%-35%); Debt and Money market securities (including investments in securitised debt*):- 0%-35% (*including securitised debt upto 35%)" Retail Plan: For subscription below 2cr-2.25%, For subscription of 2cr & above but below 5cr-1.25%. For subscriptions of 5cr and above-. Institutional Plan: Retail plan: For Subscriptions of less than 5 Crs;> 1% if redeemed/ switched on or before completion of 1 year from the date of allotment. > if redeemed/switched after completion of 1 year from the date of allotment ; For subscription of 5 Crs and above, no exit load shall be charged. Institutional Plan: Retail and Institutional Plan: Growth (Growth and Bonus) & Dividend (Payout and Reinvestment) Ashwani Kumar, Shiv Chanani A custom benchmark created using the BSE-200 to the extent of 65% of portfolio and MSCI World Energy Index for balance 35% of the portfolio. Since the MSCI World Energy Index will be US Dollar denominated, the conversion into Indian Rupees will happen based on the settlement price of the MSCI World Energy Index as on the last working day prior to the valuation date using the RBI reference rate as of 4.00p.m on the valuation date. Retail Plan:5000 & Re 1 thereafter Institutional Plan:.5 crs & Re 1 thereafter Regular Savings Fund - Balanced* Open ended scheme June 9, 2005 The primary of this option is to generate consistent return and appreciation of capital by investing in a mix of securities comprising of equity, equity related instruments and fixed income Instruments Equity and Equity Related Instruments-50%-75%,Debt & Money Market instruments-25%- 50% For subscription below 2cr- 2.25%, For subscription of 2cr & above but below 5cr-1.00%. For subscriptions of 5cr and above- "For Subscriptions of less than 5 Crs;> 1% if redeemed/switched on or before completion of 1 year from the date of allotment. > if redeemed/ switched after completion of 1 year from the date of allotment ; For subscription of 5 Crs and above, no exit load shall be charged. " Growth Plan- Balanced Option Arpit Malaviya & Omprakash Kuckian #Crisil Balanced Fund Index #Benchmark of Regular Savings Fund Balanced Option has been changed to Crisil Balanced Fund Index from Crisil MIP Index with effect from 21st Feb & in multiples of Re. 1 (only under Retail Plan) (only under Retail Plan) (both Retail and Institutional Plan) (Available during specified redemption period) (only under Retail Plan) (only under Retail Plan) (both Retail and Institutional Plans) * Index Fund- Sensex and Nifty Plan was launched on Feb 8,2005. Subsequently the trusteees ofrmf(w.e.f. April 18, 2008) changed the features of the scheme and renamed the same as Quant Plus Fund. Please refer addendum to the offer document dated March 17, 208. # Equity Linked Savings Fund-Series I:- In accordance with the SEBI (MFs) Regulations, NFO expenses not exceeding 6% of the amount mobilised, will be charged to the scheme and will be amortised over a period of 10 years. If the investor opts for the redemption before the completion of 10 years, proportionate unamortised portion of the NFO expenses outstanding as on the date of the redemption shall be recovered from such investor. * Regular Savings Fund- Hybrid Option was launched on June 9,2005 and subsequently Hybrid Option has been changed to Balanced Option w.e.f. January 13,2007 Fundamentals March

40 SnapShot equity Features/ Scheme Media & Entertainment Fund Banking Fund NRI Equity Fund Tax Saver (ELSS) Fund Type An open ended media & entertainment sector scheme An open ended banking sector scheme An open ended diversified equity scheme An open ended equity linked savings scheme Inception Date October 7, 2004 May 28, 2003 November 16, 2004 September 22, 2005 Investment objective The primary of the scheme is to generate continuous returns by investing in equity and equity related or fixed income securities of Media & Entertainment and other associated companies The primary of the scheme is to seek to generate continuous returns by actively investing in equity and equity related or fixed income securities of Banks The primary of the scheme is to generate optimal returns by investing in equity and equity related instruments primarily drawn from the Companies in the BSE 200 Index The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments Asset Allocation Equity & Equity Related Instruments-0-100% & Debt & Money Mkt Instruments with Average Maturity of 5-10 yrs-upto 0-100% Equity & Equity Related Instruments % & Debt & Money Mkt Instruments 0-100% Equity & Equity Related Instruments % & *Debt & Money Mkt Instruments upto 0-35% (*including upto 35% of the corpus in securitised Debt) Equity and Equity related securities % and Debt and Money Market Instrument upto 20% Entry Load For Subscription below 2 crs-2.25%, For subscription of 2 cr & above but below 5 Crs- 1.25%, For subscriptions of 5 Cr & Above - Retail Plan: For Subscription below 2 crs-2.25%, For subscription of 2 cr & above but below 5 Crs- 1.25%, For subscriptions of 5 Cr & Above - Institutional Plan: For Subscriptions below 2 Crs- 3%,For Subscriptions of 2 Crs & above but below 5 Crs -2%, For Subscriptions of 5 Cr & above - For Subscriptions below 2 Crs- 2.25%,For Subscriptions of 2 Crs & above but below 5 Crs -1.25%, For Subscriptions of 5 Cr & above - Exit Load For Subscriptions of less than 5 Crs; >1% if redeemed/switched on or before completion of 1 year from the date of allotment. > if redeemed/switched after completion of 1 year from the date of allotment ; For subscription of 5 Crs and above, no exit load shall be charged. Retail Plan: For Subscription of less than 5 Crs; > 1% if redeemed/switched on or before completion of 1 year from the date of allotment. > if redeemed/switched after completion of 1 year from the date of allotment ; For subscription of 5 Crs and above, no exit load shall be charged. Institutional Plan: Choice of Plans and Options Fund Manager Growth (Growth & Bonus) & Dividend (Payout & Reinvestment) Sailesh Raj Bhan Under Retail and Institutional Plan there are two plans: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment) Sunil Singhania Growth (Growth, Bonus) & Dividend (Payout& Reinvestment.) Om Prakash Kuckian Growth (Growth) & Dividend (Payout& Reinvestment.) Ashwani Kumar Benchmark S&P CNX Media & Entertainment S&P CNX Banks Index BSE 200 BSE 100 Minimum Amount Retail Plan: 5000 and in multiples of Re. 1 thereafter, Institutional Plan:. 5 crore in multiples of Re. 1 thereafter & in multiples of. 500 thereafter Cut off Time for Subscription & redemption SIP (only under Retail Plan) (Subject to 3 yrs Lock-in ) STP (only under Retail Plan) (Subject to 3 yrs Lock-in ) SWP (Both Retail & Institutional Plan) (Subject to 3 yrs Lock-in ) 40 Fundamentals March 2009

41 Regular Savings Fund-Equity Option Equity Fund Equity Advanatge Fund Long-Term Equity Fund An open ended scheme June 9, 2005 Open-ended Diversified Equity Scheme March 30, 2006 An open ended diversified equity scheme August 9, 2007 A 36 months close ended diversified equity fund with an automatic conversion into an open ended scheme on expiry of 36 months from the date of allotment December 27, 2006 The primary of this option is to seek capital appreciation and/or to generate consistent returns by actively investing in Equity &Equity-related securities The primary of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities of top 100 companies by market capitalization & of companies which are available in the derivatives segment from time to time and the secondary objective is to generate consistent returns by investing in debt and money market securities The primary of the fund is to seek to generate capital appreciation and provide long term growth opportunities by investing in a portfolio predominanatly of equity and equity related instruments with investments generally in S&P CNX Nifty stocks and the secondary objective is to generate consistent returns by investing in debt and money market securities. The primary of the scheme is to seek to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and Derivatives and the secondary objective is to generate consistent returns by investing in debt and money market securities Equity and Equity related securities 80%-100% and Debt and Money Market Instruments with an average maturity of 5-10 yrs -0%-20%(Securitised debts will be a part of the debt securities upto 20%). Equity and Equity related securities % and Debt and Money Market Instrument 0-25%. (An overall limit of 100% of the portfolio value (i.e. net assets including cash) has been introduced for the purpose of equity derivatives in the schemes) Equity and equity related securities %, Debt and money market securities (including investments in securitised debt*) 0-30%. * Including upto 25% of the corpus in securitised debt.(an overall limit of 100% of the portfolio value has been introduced for the purpose of equity derivatives in the scheme, however the same is the notional value and it will be seen that, the notional value of the net exposure to the derivatives will not exceed the fund corpus at any point of time. Notional value shall mean value of Future or notional value of Option) Equity and equity related securities Instruments %, Debt and money market securities (including investments in securitised debt) instruments 0-30%. ( An overall limit of 100% of the portfolio value has been introduced for the purpose of equity derivatives in the scheme) For Subscriptions below 2 Crs- 2.25%,For Subscriptions of 2 Crs & above but below 5 Crs -1.25%, For Subscriptions of 5 Cr & above - "For Subscriptions of less than 5 Crs;> 1% if redeemed/switched on or before completion of 1 year from the date of allotment. > if redeemed/switched after completion of 1 year from the date of allotment ; For subscription of 5 Crs and above, no exit load shall be charged." Growth Plan- Equity Option Omprakash Kuckian Retail Plan: For Subscription below 2 crs- 2.25%, For subscription of 2 cr & above but below 5 Crs- 1.25%, For subscriptions of 5 Cr & Above - Institutional Plan: Sunil Singhania Retail Plan: 2.25% Institutional Plan: "Retail Plan: For Subscriptions of less than 5 Crs;> 1% if redeemed/switched on or before completion of 1 year from the date of allotment. > if redeemed/switched after completion of 1 year from the date of allotment ; For subscription of 5 Crs and above, no exit load shall be charged. Institutional Plan: " Under Retail and Institutional Plan there are two plans: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment) Ashwani Kumar & Sailesh Raj Bhan For subscriptions at the time of NFO N.A. On ongoing basis on maturity of the scheme when it is converted automatically into an open-ended scheme:for Subscriptions below 2 Crs- 2.25%,For Subscriptions of 2 Crs & above but below 5 Crs -1.25%, For Subscriptions of 5 Cr & above - nil For subscriptions during NFO- If redeemed/ switched before completion 12 months from the date of allotment: 4%,If redeemed/ switched between 12 months - 1 day and on or before completion of 24 month from the date of allotment-3%,if redeemed/ switched between 24 months - 1 day and on or before completion of 36 month from the date of allotment-2% On ongoing basis on maturity of the scheme when it is converted automatically into an open-ended scheme exit load is NIL Growth (Growth ) & Dividend (Payout ) Sunil Singhania BSE-100 S&P CNX Nifty S&P CNX Nifty BSE & in multiples of Re. 1 thereafter "Retail Plan: 5000 and in multiples of Re. 1 thereafter, Institutional Plan:. 5 crore in multiples of Re. 1 thereafter" (only under Retail Plan) (Available on maturity of the scheme when it is converted automatically into an Openended Scheme) (only under Retail Plan) (Available on maturity of the scheme when it is converted automatically into an Openended Scheme) (only under Retail Plan) (Available on maturity of the scheme when it is converted automatically into an Openended Scheme) Fundamentals March

42 SnapShot debt Features/ Scheme Income Fund Medium-Term Fund Short-Term Fund Floating Rate Fund Type An open ended income scheme An open ended income scheme with no assured returns An open ended income scheme An open ended liquid scheme Inception Date January 1, 1998 September 25, 2000 December 23, 2002 September 2, 2004 Investment objective The primary of the scheme is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio.accordingly, investments shall predominantly be made in Debt & Money Market Instruments The primary of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital The primary of the scheme is to generate stable returns for investors with a short term investment horizon by investing in fixed income securities of a short term maturity The primary of the scheme is to generate regular income through investment in a portfolio comprising substantially of Floating Rate Debt Securities (including floating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns) The scheme shall also invest in Fixed Rate Debt Securities (including fixed rate securitised debt, Money Market Instruments and Floating Rate Debt Instruments swapped for fixed returns) Asset Allocation Entry Load Exit Load Choice of Plans and Options Dividend Frequencies Dividend icity Weekly Monthly Quarterly Half yearly Annual Fund Manager Benchmark Debt Instruments %, Money Market Instruments 0-50% For subscriptions of less than. 1 cr per purchase transaction exit load shall be: 1% if redeemed/switch out on or before completion of 12 months from the date of allotment of units. if redeemed/switch out after completion of 12 months from the date of allotment of units. For subscriptions of. 1 cr and above per purchase transaction, exit load shall be: 1% if redeemed/switch out on or before completion of 1 month from the date of allotment of units., if redeemed/switch out after completion of 1 month from the date of allotment of units. Under Retail Plan: Growth (Growth, Bonus) & Dividend (Payout & Reinvestment) M,Q,H,A for both options 19th 19th of last month of each calendar quarter 19th of last month of each financial year 19th March Prashant Pimple Crisil Composite Bond Fund Index Money Market Instruments 0-60%,Debt Instruments ** % **Securitised Debt upto 25% of corpus. Under Retail Plan: Growth (Growth, Bonus) & Dividend (Payout & Reinvestment) M & Q for both options 20th 20th of last month of each calendar quarter Amit Tripathi Crisil Short Term Bond Fund Index Debt and Money Market Instruments with average maturity upto a year % & Debt Instruments with average maturity greater than a year and normally upto 7 years depending upon availability % Growth (Growth) & Dividend (Payout & Reinvestment) M & Q for both options 25th 19th of last month of each calendar quarter Prashant Pimple Crisil Liquid Fund Index Fixed Rate Debt Securities (including fixed rate securitized debt, Money Market Instruments & Floating Rate Debt Instruments swapped for fixed rate returns) 0-40% Floating Rate Debt Securities (including floating rate securitized debt, Money Market Instruments & Fixed Rate Debt Instruments swapped for floating rate returns) % Growth (Growth) & Dividend (Payout & Reinvestment) M (Dividend Payout),Daily-Weekly-Monthly (Dividend Reinvestment) Every Friday 19th Amit Tripathi Crisil Liquid Fund Index Minimum Amount For Growth Option:. 5,000; Monthly Dividend Plan: 25,000; Quarterly Dividend Plan: 10,000; Half Yearly Dividend Plan: 5,000; Annual Dividend Plan: 5,000. 5, , ,000 Cut off Time for Subscription & redemption SIP STP SWP **Subscription-12.00noon Redemption- ** Pls note the applicable NAV will be on the basis of utilisation of funds before the stipulated cut off timings 42 Fundamentals March 2009

43 Monthly Income Plan An open ended fund.monthly income is not assured and is subject to the availability of distributable surplus January 13, 2004 The primary of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital "Equity and Equity related Securities-Up to 20%, Fixed Income Securities(Debt & MoneyMarket Instruments with average Maturity of 1 to 7 years.) upto 100%" Interval Fund A debt oriented interval scheme Annual Interval Fund-Series I - 3-May-2007 Monthly Interval Fund- Series I- 15-March-2007 Monthly Interval Fund- Series II March Quarterly Interval Fund- Series I- 3- April-2007 Quarterly Interval Fund- Series II- 7-May-2007 Quarterly Interval Fund- Series III- 6-June-2007 The primary of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of :- Central and State Government securities and Other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility For Monthly & Quarterly Series-Money Market instruments(30-100%), Government Securities issued by Central &/or State Govt & other fixed income/debt securities # including but not limited to Corporate bonds and securitised debt - (0-70%), For Annual Series- Money Market instruments(0-70%), Government Securities issued by Central &/ or State Govt & other fixed income/ debt securities ## including but not limited to Corporate bonds and securitised debt - (30-100%) Liquid Fund-CP Open-ended Liquid Scheme December 7, 2001 The primary of the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments Reverse Repo & CBLO 0-100% Mibor Linked instruments with daily Put/ Call Options and Overnight Interest Rate Reset Linked Debt Instruments*0-100% *Investments in Overnight Interest Rate Reset Linked Debt Instruments (with maturity or put/call greater than one day) shall not exceed 50% of the corpus of the scheme. No instrument shall have a residual maturity or put/ call of more than 3 years. Liquid Fund-TP Open-ended Liquid Scheme March 23, 1998 The primary of the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments "Call Money/Cash/Repo and Reverse Repo 0-50%, Money Market Instruments (Mibor linked instruments,cps, T-Bills, CDs and/or other Short Term papers) 0-95%" For subscriptions of less than. 1 cr per purchase transaction exit load shall be: 1% if redeemed/switch out on or before completion of 12 months from the date of allotment of units. if redeemed/switch out after completion of 12 months from the date of allotment of units. For subscriptions of. 1 cr and above per purchase transaction, exit load shall be: 1% if redeemed/switch out on or before completion of 1 month from the date of allotment of units. if redeemed on/ during Specified Transaction. For Monthly Interval Fund-0.10%, if redeemed at anytime other than Specified Transaction,for Quarterly Interval Fund 0.30% if redeemed at anytime other than Specified Transaction, for Annual Interval Fund 2.00% if redeemed at anytime other than Specified Transaction Growth (Growth ) & Dividend (Payout & Reinvestment) Under Retail and Institutional Plan: Growth (Growth) & Dividend (Payout & Reinvestment) Growth (Growth) & Dividend (Reinvestment) Growth (Growth) & Dividend (Payout & Reinvestment) under Retail & Institutional Plan M & Q for both the options 20th 20th of last month of each calendar quarter Amit Tripathi & Ashwani Kumar Crisil MIP Blended Index NA NA NA NA NA NA Amit Tripathi For Monthly and Quarterly: Crisil Liquid Fund Index & For Annual Series: Crisil Composite Short Term Bond Fund Index W & D under only Dividend Reinvestment option Every Friday Amit Tripathi Crisil Liquid Fund Index D(reinvest),W(reinvest), under M & Q (both reinvest & payout) Every Friday 25th 19th - - Prashant Pimple Crisil Liquid Fund Index For Growth Plan;. 10,000; Monthly Dividend Plan: 25,000; Quarterly Dividend Plan: 10,000 For Retail Plan :. 5,000 (Rupees Five Thousand ) and in multiples of Re. 1 thereafter, For Institutional Plan :. 1,00,00,000/- (Rupees One Crore) and in multiples of Re. 1 thereafter. 25,000 Retail Plan:. 5,000 Institutional Plan:. 1,00,00,000 Subscription noon Redemption - Subscription noon Redemption- (Available during specified transaction period) (Retail Plan) (Retail Plan) ## Debt Securities will also include Securitised Debt, which may go upto 100% of the portfolio. Average maturity of the respective plans will normally be in line with the maturity of the securities. The investment managers shall have the flexibility to invest the debt component into floating rate debt securities in order to reduce the impact of rising interest rates in the economy. Derivatives may be used to create synthetic fixed rate bonds/floating rate bonds. * Presently, investment only in physical gold is allowed as per SEBI guidelines. Investment in gold related instruments maybe undertaken as and when permitted by SEBI. Fundamentals March

44 SnapShot debt Features/ Liquidity Fund ### Gilt Securities Fund NRI Income Regular Savings Fund- Money Manager Fund Scheme Debt Type An open ended liquid scheme An open ended Govt. An open ended income scheme An open ended scheme An open ended income scheme securities scheme Inception Date June 16, 2005 August 22, 2008 November 16, 2004 June 9, 2005 March 21, 2007 Investment objective The of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. The primary The primary of the scheme is to generate of the scheme is to generate optimal returns consistent with optimal credit risk-free returns by moderate levels of risk. This investing in a portfolio of securities income may be complemented by issued and guaranteed by the capital appreciation of the Central Government and State portfolio. Accordingly, investments Government shall predominantly be made in Debt Instruments The primary investment objective of this option is to generate optimal returns consistent with a moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments will predominantly be made in Debt & Money Market Instruments The of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities Asset Allocation Repo and Reverse Repo 0-35%,Money Market Instruments (Mibor linked instruments,cps, T-Bills, CDs) and/ or other Short Term instruments (Floating Rate Notes, Short Tenor NCDs, PTCs) and/or Less than 1 year maturity Gsecs %" Gilts %, Money Market Instruments 0-30% Debt instruments -100%. *Investment in securitised debts upto 40% may be undertaken. Debt Instruments (including securitised debt) with maturity of more than 1 year % & Money Market Instruments (including Call Money & Reverse Repo) and Debentures with maturity of less than 1 year (Securitised debt will be a part of the debt securities, upto 25% of the corpus) % Debt* Instruments including Government Securities, Corporate Debt, Other debt instruments and Money Market Instruments with average maturity less than or equal to 12 months %,Debt* Instruments including Government Securities, Corporate Debt and other debt Instruments with average maturity greater than 12 months- 0-50% (*Securitised debt upto 60% of the corpus) Entry Load For Retail and Institutional Plan: Exit Load For Retail Plan: 0.80% if redeemed within 1 year. For Institutional Plan: For subscription upto. 5 Lacs, the exit load will be 0.50%, if the units are redeemed within 6 months from the date of allotment of units. No exit load is applicable for subscription above 5 lacs Choice of Plans and Options Growth (Growth and bonus) & Dividend (Payout & Reinvestment) Growth (Growth), Dividend (Payout & Reinvestment) & PF Option (ACAPO,DMDO,AARO) Growth (Growth) & Dividend (Payout & Reinvestment) Growth Plan- Debt option For Retail and Institutional Plan: Growth,Bonus, Daily Dividend Reinvestment, Weekly Dividend Reinvestment, Monthly Dividend Payout, Monthly Dividend Reinvestment Quarterly Dividend Payout, Quarterly Dividend Reinvestment Dividend Frequencies D(reinvest),W(reinvest), under M & Q (both reinvest & payout) M - NA D(reinvest),W(reinvest), under M & Q (both reinvest & payout) Dividend icity Weekly Every Friday Every Friday Monthly 25th 25th th Quarterly 19th th Half yearly Annual Fund Manager Benchmark Minimum Amount - Amit Tripathi Crisil Liquid Fund Index 5 Crs - Prashant Pimple I Sec - Li Bex Retail Plan:. 10,000 Institutional Plan:. 1 cr - Prashant Pimple Crisil Composite Bond Fund Index. 50, Arpit Malaviya Amit Tripathi Crisil Composite Bond Fund Index Crisil Liquid Fund Index For Retail Plan - 1 lac and in multiples of Re 1 thereafter, For. 500 & in multiples of Re. 1 Institutional Plan - 1 Cr and in multiples of Re 1 thereafter Cut off Time for Subscription & redemption Subscription noon Redemption- SIP STP SWP (Retail Plan) (Retail Plan) (Retail Plan & Institutional Plan) ###The key features of Gilt Securities Fund having Short Term Plan and Long Term Plan have been changed w.e.f 22nd Aug Pursuant to the changes, the scheme will have Retail Plan and Institutional Plan. For more details please refer to the Addendum dated 21st July Fundamentals March 2009

45 SnapShot ETF Gold Exchange Traded Fund An open ended gold exchange traded fund that tracks the domestic prices of gold through investments in physical gold. November 22, 2007 Banking Exchange Traded Fund Open ended, exchange listed, index linked scheme (tracking CNX Bank Index) June 24, 2008 The is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold (and Gold related securities as permitted by The of Banking Exchange Traded Fund (RBETF) is to provide returns Regulators from time to time). However, the performance of the scheme may differ from that of that, before expenses, closely correspond to the total returns of the securities as represented by the the domestic prices of Gold due to expenses and or other related factors.. CNX Bank Index. However, the performance of Scheme may differ from that of the underlying index due to tracking error" Physical Gold or Gold elated Instruments as permitted by regulators from time to time* %, Money Market Instrument Bonds, Debentures, Government Securities including T-Bills, Securitised Debt** & other debt securities as permitted by regulators from time to time-0-10%(** upto 10% in securitised debt) Securities covered by the CNX Bank Index %;Money Market instruments including CBLO- 0-10% Dividend Payout option NA NA NA NA NA NA Hiren Chandaria As there are no indices catering to gold sectors/securities linked to Gold, currently GETF shall be benchmarked against the price of Gold On going purchase directly from mutual fund would be available only to the Authorised Participants provided the value of units to be purchased is in creation unit size. Authorised Participants may buy the units on any business day for the scheme directly from the mutual fund at applicable NAV and transaction charges, if applicable, by depositing Gold or cash, value of which is equal to creation size. Each creation unit consists of 1000 units and cash components, if any, of Gold Exchange Traded Fund Krishan Daga CNX Bank Index On ongoing purchases directly from the Mutual Fund would be restricted to Authorised Participants and Large Investors provided the value of units to be purchased is in creation unit size. Authorised Participants and Large Investors may buy the units on any business day for the scheme directly from the Mutual Fund at applicable NAV and transaction charges, if applicable, by transfering stocks or cash, value of which is equal to creation unit size. Each creation unit consist of 10,000 units and cash component, if any, of Banking Exchange Traded Fund. On ongoing basis for all category of investors, they can purchase the units from the exchange with minimum size being 1 unit For investors who want to buy units on the exchange:as per the exchange timings; For investors who want to buy units from the AMC- For investors who want to buy units on the exchange:as per the exchange timings; For investors who want to buy units from the AMC- Fundamentals March

46 Designated Investor Service Centres Capital Asset Management Limited Corporate Office: Express Building, 4th Floor, 14 - E -Road, Opp. Churchgate Station, Churchgate, Mumbai Adayar: Shop No. 3, Ground Floor, Anu Arcade, No. 1, 15th Cross Street, Shashtri Nagar, Adyar, Chennai-20. Agra: Shop No. 110, Block No. 28/2, Sanjay Place LIC Road, Agra Ahmedabad: 4th Floor, Megha House, Mithakhali, Law Garden Road, Ellis Bridge, Ahmedabad Ajmer: 3rd Floor, India Square, India Motor Circle, Kutchery Road, Ajmer Alappuzha: 3rd Floor, Chandra Square, Cullen Road, Alappuzha Aluva: Poornima building,1st floor, above Centurian Bank, bypass road, Aluva Alwar: Jai Complex, 1st Flr., Plot No. 1, Road No. 2, Alwar Allahabad: 2nd floor, House No. 31/59, Shiv Mahima Complex, Civil Lines, Allahabad Ambala: 2nd Floor, Shanti Complex, Jagadri Road, Opp. Civil Hospital, Ambala Cannt Amravati: Vimaco Towers, C Wing 4,5,6, Amravati Asansol: 2nd Floor, Laxi Narayan Avenue, Room No -30, Murgasol, G.T Road, 2nd Floor, Asansol Amritsar: SF-1, 2nd Floor, 10, Eminent Mall, The Mall, Amritsar Anand: 2nd Floor, 204, Maruti Sharnam, Anand Vidhyanagar Road, Anand Andheri: Shop no. 3, ground floor, Mona shopping centre, J P Road, Near Navrang Cinema, Andheri (W),Mumbai Anna Nagar: Shop No. G-5, Ground floor, N R Dave Complex, 201/C- 34, 2nd Avenue, 11th Main Road Corner, Anna Nagar, Chennai Aurangabad: C-8,2nd floor,aurangabad, Business center, Adalat Road, Aurangabad Balasore: Ground Floor, Station Bazaar, Balasore Bandra: Shop No 6, Ground Floor, Mangal Bhavan, Junction of 14th Road and Khar Pali Road, Near Bamboo Shoot, Mumbai Bangalore: N , 1st floor, North Block, Manipal centre, Dickenson Road, Banglore Bareily: 1st Floor, 54, Civil Lines, Ayub Khan Chauraha, Bareily Bardoli: 1st Floor, Office No 68,69,70, Mudit Palace, Station Road, Bardoli Bellary: Gnanandam,First Floor,1st Cross, Gandhi Nagar, Bellary Berhampur: 1st Floor, Dharma Nagar (Ist Lane) Berhampur Bharuch: Bluechip, 1st Floor, Shevashram Road, Panch Batti, Bharuch Bhatinda: Jindal Complex, 1st Floor, G T Road,Near ICICI Bank, Bathinda Bhavnagar: 3rd Floor, Corporate House, Plot No. 11B, Waghawadi Road, Bhavnagar Bhayander: Shop No 6, Janta Housing Bldg No.2, Jessel Park, Bhayander(E) Dist. Thane. Bhikaji: 2nd floor, Somdatt Chamber -I- 5, B C Place, A216 and A217, New Delhi Bhilwara: 1st Floor, 101, S K Plaza, Pur road, bhilwara Bhuj: Ground Floor, Office No. 1, Pooja Complex, Next to ICICI Bank, Station Road, Bhuj Bikaner: 1st Floor, near M.R.M. Office, Modern MarketCircle. Bhopal: FF-7, 1st floor, Mansarovar Comercial Complex, Near Habibganj Railway station, Bhopal Bhubaneshwar: 2nd Floor, Near Kalsi Petrol Pump, 5 - Janpath Karvil Nagar,Bhubaneshwar Bokaro: Ground Floor, B/15, Sector 4, City Centre, Next to DCC Bank, Bokaro Steel City Borivali: Shop No. 5, ground Floor, Kapoor Aprtment, Punjabi Galli, Near ICICI Bank Ltd, Borivali (W)-92. Borivali (W): 602, 603 & 604 Sai-Leela Commercial Complex, Sai-Leela S.V.Road Nr Rasoi Hotel, Borivali (W), Mumbai-92. Calicut: 6/1002M, 4th Floor, City Mall, Kannur Road (Opp Y.M.C.A), Calicut Chandigarh: SCO , 1st floor, Sector 9 C, Chandigarh Chembur: XLNC Chambers, Shop No. 2, Opp. IDBI Bank, Chembur, Mumbai Chennai: House, No. 6 Haddows Road, Opp Shastri Bhavan, Chennai Coimbatore: 575 C, Shylaja Chambers, D B Road, R S Puram, Coimbatore Cuttack: Ground Floor, Mahtab Road Dolamundei, Cuttack Dadar: Shop No.12, Ground Floor, Yusuf Building Nos 1, 31-31C Junction of Ranade Road & Gokhale Road, Dadar, Mumbai -28. Dalhousie: 14B, 18, British Indian Street, GF Shop No. 14, Kolkata Dehradun: 2nd Floor, NCR Corporate Plaza, New Cantt Road, Dehradun Dhanbad: 4th Floor, Shree Laxmi Complex, Bank Mode, Dhanbad Dindigul: 2/2, 1st Floor, Surya Tower, Above ICICI Bank, Salai Road, Dindigul Dombivli: 1, Sadguru CHS, Phadke Cross Rd., Dombivli Durgapur: 4th Floor, City Plaza, City Center Durgapur Erode: Samy s Nest, No.63, Mosuvanna Street EVN Road, Erode Faridabad: Booth no. 112-P, Sector-15, Urban Estate, Faridabad Gandhinagar: Office No 313, Meghmalhar, Sector 11, Ch Road, Gandhinagar Ghaziabad: RDC-16, Advocate Chambers, Raj Nagar, Ghaziabad Godhra: 2nd Floor, Gurukrupa Complex, LIC Road, Near SBI, Godhara Gorakhpur: 1st Floor, Radhika Complex, Medical Road, Gorakhpur Guntur: Pranavam Plaza, Door No , 4/9, Brodipet, Guntur Gurgaon: Shop no. 207, DLF Central Arcade, DLF -II, Gurgaon, Haryana Guwahati: 2E, 2nd Floor, Dihang Arcade, ABC, Rajiv Bhavan, G S Road, Guwahati Gwalior: 3rd Floor, Alaknanda Tower, City Centre, Gwalior Haldwani: 1st Floor, J K Tower, Nainital Road, Teri Puliya, Kathgodam, Haldwani Hoshiyarpur: 2nd Floor, Eminent Mall, Plot No. B-XX/214, Main Court, Hoshiyarpur Howrah: Gokul Apartment, Gr. Floor,14 Watkins Lane, Howrah Hubli: Eureka Junction, 1st Flr, Above ICICI Bank, Travellers Bunglow Road, Hubli Hyderabad: 2nd Floor, Shobhan, /A & B, Somajiguda, Raj Bhawan Road, Hyderabad Indore: 303 & 304, D M Tower, Race Course Rd., Indore Jabalpur: 90/1A, Dayanand Saraswati ward, 2nd floor, Ahuja Tower, Bhanwartal Extension, 46 Napiar Town, Jabalpur Jaipur: G-4, Ground Floor, Brij Anukampa Complex Plot No. K-13, Ashok Marg, C Scheme, Jaipur Jalandhar: 1st Floor, Gobind Mall, 25 G T Road, Jalandhar Jalgaon: 18, 2nd Floor, Dhake Colony, Dhake Carporate Centre, Jalgaon Jammu: Banu Plaza, B- 2, 206, South Block, Railway Head, Jammu, Jammu & Kashmir Jamnagar: Shop no. 4 & 5, Ground Floor, Shilp, Indira Nagar, Jamnagar Jamshedpur: 2nd floor, Om tower, MainRoad, Bistupur, Jamshedpur Janakpuri: Shop no. 14, B Block Community Centre, Janak puri, New Delhi Jayanagar: 76/11, Elephant Rock Road, III, Jayanagar, Banglore Jhansi: 1st Floor, 493, Stephen House, Civil Lines, Opp. Munnalal Power House, Gwalior Road, Jhansi Jodhpur: C/o. Infocomm, L.K. Tower, 2nd Floor, Opp. IDBI Bank, Chopasni Road, Jodhpur Junagarh: 1st Floor, Moti Palace Building, Opposite Raiji Baug, Moti Baug, Junagarh Kalyan: Mahavir Complex No.2, Gala No-4, Ground Fr., Santoshi Mata Road, Kalyan West Mumbai Kannur: 1st Floor, Grand Plaza, Fort Road, kannur Kanpur: Ground floor,office No-3, 14/113, Civil Lines, Kanpur Khanna: 2nd Floor, Surya Tower, G T Road, Khanna Kochi: 2nd floor, Thekkekara Mansion, Opp. Kavita Theatre, M G Road, Kochi Kolhapur: Upper Ground Floor,Gemstone - RD Vichare Complex, Near Central ST stand, New Shahupuri, Kolhapur Kolkata: Unit no. 10,11 & 12, 5th floor, FMC Fortuna, A J C Bose, Kolkata Kota: Ground Floor, Mewara Plaza,344, Shopping Centre, rawatbhata gumanpura road, Kota Kottayam: 1st floor, Kaniyamparambil Arcade, Shastri Road, Kottayam Laxmi Nagar: Roots Tower, Plot No.7, Laxmi Nagar Distt Centre, Delhi, Lucknow: 11-A, Gr. Floor, Saran Chamber II, 5 park Road, Lucknow Ludhiana: Lower Ground Floor, SCO , Feroze Gandhi Market, Ludhiana Madurai: 1st Floor, Suriya Towers, 272, 273, Goods Shed Street, Madurai Malleswaram: Door No.89 (Old no.36), Ground Floor, 3rd Cross, Sampige Road, Malleswaram, Banglore - 3. Mangalore: 4th Floor, Maximus Commercial Complex, LHH Road, Opp KMC, Mangalore Margoa: Shop No. 3, Mira Building, Pajifond, Near Jain Mandir, Margao, Goa Mathura: 1st Floor, Tera Tower, Bhuteshwar Road, Mathura Meerut: Ground Floor, G-13, Rama Plaza, WK Road, Meerut Mehsana: F 9, F 10, F 11,1st Floor, Wide Angle, Mehsana Highway, Near Khari Bridge, Mehsana Mulund: Office No. 308/309, 3rd Flr, B Wing, Shankardhan Plaza, J N Road, Mulund (W), Mumbai Mumbai: Mittal Chambers, 228, Ground Floor, Nariman Point-21. Muradabad: Shop No. G-18, Chadha Shopping Complex, GMD Road, Moradabad Muzaffarpur: 1st Floor, Opp Devi Mandir,Near LIC Zonal Office, Club Road, Ramna, Muzaffarpur Mysore: Shop No. 1, Ground Floor, Mahindra Arcade, Saraswathipuram, 2nd Main Road, Mysore Nadiad: 201, ISCON ARCADE, 2nd Floor, College Road, Nadiad Nagpur: Office # 2, 3rd Floor, A Block Poonam Chambers, Chhindwara Road, Byramji Town, Nagpur Nasik: Ground Floor 57, Karamkala Building, Opp. Old Corporation Building, New Pandit Colony, Sharanpur Road, Nasik Navsari: Chinmay Arcade, 3rd Floor, (3/1&2), opp Sattapir Sayaji Road, Navsari Nehru Place: SF-17, 18, 19, Ground Floor, Devika Tower, 6, Nehru Place, New Delhi New Delhi: 804, 805, 807, 8th floor, Ashoka Estate, 24, Barakhamba Road, New Delhi Noida: Shop No. 1, Gound Floor, Ansal Fortune Arcade, Secotor 18, Noida, Palakkad: 3rd floor, East Side, Ghanis, Fort Maidan, Kunnathurmedu P.O. Palakkad Panaji: 1st Floor, Block D, Office No.: F17, F18, F19 & F20, Mahatma Gandhi Road, Panajim Panipat: Office No. 514, 1st Floor, Krishna Tower, Near HDFC Bank, G T Road, Panipat Panvel: Shop No.2,Plot No 206/12,Middle Class CHS Ltd, Panvel Pathankot: 2nd floor, LML, Mahajan Sales, Dhangu Road, Near Power House, Pathankot Patiala: SCO , First Floor, New Leela Bhavan, Opposite RLIC, Patiala Patna: 4th Floor, Shahi Building, Exibhition Road, Opp. Chanakya Cinema Hall, Patna Pitampura: Shop No. GF - 17, Ground Floor, Agarwal Millenium Tower, Plot No. 1,2,3, Netaji Subhash Place, Pitampura, Delhi Pondicherry: Jayalakshmi Complex, R.S No. 34/5pt, Block No. 5, Thiruvalluvar Salai, Kuyavarpalyam, Pondicherry Pune: 201, 202, 2nd Floor & 301, 3rd floor, Sanas Memories, F C Road, Shivaji Nagar, Pune Pune Camp: Shop No. 6, Chetna Housing Society, General Thimmaya Marg, Pune Camp, Pune Raipur: 1st floor, D M Plaza, Chhotta Para, Fire Brigade chowk, Raipur Rajamundry: Jetty Enclave, Door No /3, Tilak Road, Opposite Saibaba Temple, Rajamundry Rajkot: 2nd Floor, Plus Point, Opp Haribhai Hall, Dr. Yagnik Road, Rajkot Ranchi: Office No. 317, 3rd Floor, Panchwati Plaza, Kutchery Road, Ranchi Raurkela: 4th Floor, Triveni Complex, Madhusudan Marg, Rourkela, Orissa Rewa: Second Floor, A Block, Shilpi Plaza,Peeli Kothi, Rewa Rohtak: Jawahar Market, 1st Floor, 323/321, Delhi Road, Nr. D Park, Rohtak, Haryana Salem: 2nd Floor, Kandaswarna Mega Mall, Survey No. 186/2E, Alagapuram, Opp Saradha College, Fairlands, Salem Salt lake city: B D 25, Salt Lake, Sector - 1, Kolkata 64 Shimla: 3rd Floor, Bell Villa, The Mall, Shimla Shimoga: 3rd Floor, Shree Karthik Plaza, Nehru Road, Durgigudi, Shimoga Siliguri: Gitanjali Complex, 1st Floor, Sevoke Road, Siliguri Southern Avenue: Ground Floor, 200 Sarat Bose Road, Near Deshpriya Park, opp. Sarat Bose Road Post Office, Kolkata Surat: No.118, 1st Floor, Jolly Plaza, Opp. Athwagate Police Chowki, Athwagate Circle, Surat Surendra Nagar: 2nd Floor, Office No 236, 237, Mega Mall, ST Bus Stand Road, Near Milan Cinema, Surendra Nagar T Nagar: Old No. 31 & 32, New no. 52 & 54, TVL Boag Willa, North Boag Road, T Nagar,Chennai 17. Tambaram: 1st Floor, Northern Portion, No 5. First Floor, G.S.T 46 Fundamentals March 2009

47 Road, Tambaram Sanatorium, Chennai Thane: 3, Ground floor, Saptashri CHS Ltd., Talapali, Near HDFC Bank, Thane Thanjavur: 2nd Floor, Shop No (3A), No. 70, Srinivasan Pillai Road, Thanjavur Thrissur: 4th floor, Pathayapura Building, Round South, Thrissur Tinsukia: 1st Flr., Satyam Towers, S.R lohia Road (SBI Gali) Near ICICI Bank Tinsukia Tirupati: 1st Floor, /D,Maruthi Nagar,Tirumala By Pass Road,Tirupati Trichy: 2nd Floor, Tab Complex, 41 Williams Road, Cantonment, Trichi Thiruvalla: 2nd Floor, Erinjery Building, M C Rd., Thiruvalla Trivandrum: 1st flr,uthradam, Panavila Junction, Trivandrum Tuticorin: 1st Floor, City Centre, 315, WGC Road, Tuticorin Udaipur: 2nd Floor, 1(2)A, K P Arcade, Fatehpura, Opp. UIT Office, Udaipur, Rajasthan Ujjain: 3rd Floor, Office No 309 and 310, Mani Trade Centre, Shanku Freeganj, Ujjain Vadodara: Tilak Complex, Opp Pizza Inn, Jetalpur Road, Vadodara Vapi: 1st Floor, Royal Fortune, 102 b/b, 102b/c, Daman Chala Road, Opp Upasna School, Vapi Varanasi: unit no. 2, 1st floor, Arihant Complex, Sigra Varanasi Vasco: Shop No. S-1, Our Lady of Merces Building, Opp. K.T.C Bus Stand, Mundvel, Vasco Da Gama, Goa Vashi: Thacker Tower, 702 & 703, Sector No. 17, Vashi, Navi Mumbai Vellore: 2nd Foor, 19/A, Officers Line, Vellore Vijayawada: 3rd floor, Surya tower,above Icon showroom, M G Road, Labbipet, Vijayawada Visakhapatnam: 2nd Floor, VRC Complex,Dwarka Nagar, Vishakhapatnam Virar: D-20, Kamanwala Kunj, Co-op Hsg Society, Aghasi Road, Opp Omkar hospital, Virar (West) Warrangal: Ground Floor, H No ,130/1&130/2, khwadi,hanamkonda,warangal Yamunanagar: 1st Floor, 514,515 Karvy Computershare Private Limited AHMEDABAD 201 Shail Buildings, Opp Madhusudhan House, Off C G Road, Near Navrangpura Telephone Exchange, Ahmedabad AGRA 17/2/4, 2nd Floor, Deepak Wasan Plaza, Sanjay Place (Behind Holiday inn), Agra AJMER 12, II Floor, Ajmer Tower, Kutchary Road, Ajmer AMRITSAR 72-A, Taylor's Road, Aga Heritage Gandhi Ground, Amritsar ALLAHABAD 1st Floor, Meena Bazar, 10, Sardar Patel Marg, Civil Lines, Allahabad ASANSOL 18 GT Road, 1st floor, Asansol ANAND Opp Union Bank of India, My Fair Road, Anand Aurangabad Shop No 214/215, Tapadiya City Centre, Nirala Bazar, Aurangabad BARODA Payal Complex, Beside Vadodara Stock Exchange, Opp Vakal Seva Kendra, Sayajigunj, Baroda BHUBANESHWAR 642, Sahid Nagar, Bhubaneshwar BHARUCH F/135, Rangoli Complex, Station Road, Bharuch Bhilai Shop No 114 & 115, Gr Floor, Dhillon Complex, Akash Ganga, Supela, Bhilai Bhopal Kay Kay Business Centre, 133, Zone 1, M P Nagar, Bhopal BANGALORE No 51/25, 1 St Floor, Surya Building, Ratna Avenue, Richmond Road, Bangalore BHAVNAGAR 134 / 135, Madhav Darshan, Waghawadi Road, Bhavnagar BOKARO KC-7, 2nd floor, Sector -4, City Centre, Bokaro Steel City Calicut P S Building, PT Usha Road, Opp Amalapuri Colony, Calicut CHANDIGARH SCO , First Floor, Above HDFC Bank, Sector 35B, Chandigarh CHENNAI Flat 2-B First Floor, Wellington Estate, No 24 Ethiraj Salai, Commander In Chief Road, Chennai COCHIN 39 Panampilly Nagar, Ernakulam COIMBATORE SNV Chambers, 482/483, Ponne Street, Opp Power House, Cross Cut Rd, Coimbatore DHARWAD G7 & 8, Shi Banashankari Avenue, Ramnagara, Dharward DEHRADUN 2nd floor, Shiva Palace, (Opp Secretariat), Rajpur Road, Dehradun DURGAPUR Dutta Automobiles Building, 1st Floor, Benanchity, Durgapur DHANBAD 4th floor, Shree Laxmi Complex, Bank More, Dhanbad ERODE No 4, KMY Salai, Veerappan Traders Complex, Opp Erode Busstand, Sathy Road, Erode GOA 7 & 8, 1st Floor, EL Dorado Plaza, Heliodoro, Sulgado Road, Panjim GORAKPUR Above VIP House, Adjacent AD Girls College, Bank Road, Gorakpur GUWAHATI 2nd Floor, Ram Kumar Plaza,Chatribari Road, Near Himatshinga Petrol Pump, Guwahati GUNTUR Door No , Chunduri House, 10/1, Arundelpet, Guntur Gwalior 37/38, Near Nadi Gate Pul, Mlb Road, Shinde Ki Chhawani,Lashkar, Gwalior HUBLI Giriraja House, No 451/B, Ward No 1, Club Road, Hubli HYDERABAD No 21, Avenue 4, Street No 1, Adj Rainbow Hospital, Banjara Hills, Hyderabad INDORE D.M. Towers, 21/1 Race Course Road, Near Janjirwala Square, Indore JALANDHAR Lower Gr Floor, Office No 3, Plot No 28, G T Road, Jalandhar JAMSHEDPUR 2nd floor, Om towers, Near Astha Trade Centre, Main Road, Jamshedpur JALGAON 1, Shresta Apartments, Balirampeth, Jalgaon JAIPUR , 1st Floor, Anukampa Mansion II, Opp Raymond Showroom, M I Road, Jaipur JHANSI Chamber No 5, Lower Gr Floor, 48 Chambers Complex, Behind Nandani Niwas, Elite Chauraha, Jhansi JODHPUR Mutual Fund, 637-B, 2nd Floor, Bhansali Tower,Residency Road,Jodhpur Ph. no KANPUR 15/46, B First Floor, Opp MUIR Mills, Civil Lines, Kanpur KARAIKUDI Gopi Arcade, 100 Feet Road, Karaikudi KOLKATA 16 Jatin Bagchi Road, Kolkata KOTA AL-HATMI Complex, 2nd Floor, 257, Shopping Centre, Kota KOTTAYAM 1st Floor, CSI Ascension Church Complex, Kottayam - 1 LUCKNOW 94, Mahatma Gandhi Marg, Opp Governor House, Lucknow LUDHIANA SCO-2, Gr Floor, Aptech Building, Feroze Gandhi Market, Ludhiana MUMBAI 26/30, Fort Foundation Bldg, Maharashtra Chamber of Commerce Lane, Opp MSC Bank, Fort, Mumbai MANGALORE Mahendra Arcade, Gr Floor, Kadialbail, Mangalore MARGAO 3rd floor, Kurtarkar Commerce Centre, Above Hotel Swad, Margao, Goa MEERUT 1st floor, Medi Centre, Opp Eves Cinema, Hapur Road, Near Bachha Park, Meerut MORADABAD 1st Floor, Singh Bhawan, Taari Khana Chowk, G M D Road, Moradabad MYSORE L-350, Silver Tower, Clock Tower, Mysore NASIK F-1 Suyojit Sankul, Sharanpur Road, Nasik NAGPUR 230 / 231 Shriram Shyam Tower, Near N.I.T. Building, Sadar, Nagpur NEW DELHI , Arunachal Building, 19, Barakhambha Road, Connaught Place, New Delhi PATNA 4th floor, Shani Bhawan, Above ICICI Bank, Exhibition Road, Patna PONDICHERRY 1st Floor, No 7, Thiayagaraja Street, Pondicherry PUNE 202 Mahadkar Chambers, Maruti Mandir Chowk, Karve Road, Pune RAJAHMUNDRY /1, First Floor, Near Ramalayam Centre, Jawaharlal Nehru Road, Rajahmundry RAIPUR: Room No LL 12 & 13, Gr Floor, Millennium Plaza, Behind Indian Coffee House, G E Road, Raipur RAJKOT 104, Siddhi Vinayak Complex, Opp. Ram Krishna Ashram, Dr. Yagnik Road, Rajkot RANCHI Commercial Towers, 3rd floor, Beside Mahabir Towers Main Road, Ranchi ROURKELA 2, Rani Market Complex, Udit Nagar, Rourkela SHILLONG Mani Bhawan Annexe, Gr Floor, Opp RKM ELP School, Lower Police Bazar, Shillong SURAT M/7 Empire State Building, Near Udhna Darwaja Ring Road, Surat - 2 SILIGURI Sanat Trade Centre, 1st Floor, Sevoke Road, Dist Darjeeling, Siliguri SALEM 40, Brindavan Road, Nr Perumal Koil, Fair Lands, Salem TRICHY 60 Srikrishna Arcade, 1st Floor, Thennur High Road, Trichy TRIVANDRUM 2nd floor, Akshaya Towers, Sasthamangalam, Trivandrum TIRUPUR RCR Complex, 254, II Floor, Avanashi Road, Tirupur TIRUNELVELI Jeney Building, 55/18, S N Road, Near Arvind Eye Hospital, Tirunelveli VARANASI D-64/132,1st Floor, Anant Complex, Sigra, Varanasi VIJAYAWADA Opp Municipal Water Tank, Labbipet, Vijaywada VISAKHAPATNAM /1 Eswar Paradise, Dwaraka Nagar, Main Road, Visakhapatnam Disclaimers: The views expressed herein are the personal views of the Fund Managers. The views constitute only the opinions and do not constitute any guidelines or recommendation on the course of the action to be followed. Readers are strongly advised to verify the contents before taking any investment decision based on this opinion. The above is meant for general reading purpose only and is not meant to serve as a professional guide for the readers. The readers should exercise due caution and/or seek independent professional advice before making any investment decision or entering into any financial obligation based on information, statement or opinion which is expressed herein. These are not necessarily the views of Capital Asset Management Ltd. Neither the AMC, the trustees, the Fund nor any of their affiliates or representatives assume any responsibility/liability for the accuracy, completeness, adequacy and reliability of information provided herein. The information contained herein has been obtained from sources published by third parties. While such publications are believed to be reliable and we have made best efforts to avoid any errors or omissions, however, neither the AMC, the Trustees, the Fund nor any of their affiliates or representatives assume any responsibility for the accuracy, completeness, adequacy and reliability of such information. Mutual Fund Investments are subject to market risk, please read the Scheme Information Document / Offer Document carefully before investing. Sponsor Capital Ltd Trustee Capital Trustee Co Ltd Investment Manager Capital Asset Management Ltd Statutory Details The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act Risk Factors Mutual Funds and securities investments are subject to market risks and there is no assurance and no guarantee that the Schemes objectives will be achieved. As with investments in any securities, the NAVs of the units issued under the Schemes can go up or down depending on the factors and forces affecting the securities market. Vision Fund, Growth Fund, Income Fund, Liquid Fund, Medium- Term Fund, Short-Term Fund, Gilt Securities Fund, Banking Fund, Monthly Income Plan, Diversified Power Sector Fund, Pharma Fund, Media & Entertainment Fund, Floating Rate Fund, NRI Equity Fund, Index Fund, Equity Opportunities Fund, Liquidity Fund, NRI Income Fund, Tax Saver (ELSS) Fund, Regular Savings Fund and Equity Fund are only the names of the Schemes and does not in any manner indicate either the quality of the Schemes, their future prospects or returns. Past performance of the Sponsor or its group affiliation is not indicative of future performance of the Schemes. The Sponsor is not responsible or liable for any loss resulting from the operation of the Schemes beyond their initial contribution of 1 lakh towards the setting up of the Mutual Fund. The Mutual Fund is not guaranteeing or assuring any dividends / bonus. The Mutual Fund is also not assuring that it will make periodical dividend / bonus distributions, though it has every intention of doing so. All dividend / bonus distributions are subject to the availability of distributable surplus in the respective Schemes. The liquidity of the Schemes investments may be inherently restricted by trading volumes, settlement periods and transfer procedures. Scheme-specific risk factors have been mentioned in the Offer Document. Please read the Offer document carefully before investing. Marcom/Factsheet/February 09/Ver 2.2/18/02/09 Produced by Print House India Pvt. Ltd. Fundamentals March

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