long term capital growth investments in equity and equity related securities, with tax benefit under section 80C, subject to eligibility

Transcription

1 Monthly Factsheet January 2016 Take home more! You can now: Save tax up to ` 51, 912/- per annum Aim to create wealth Get tax free dividends Life Tax Relief 96 (An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years) For more details, please turn overleaf. Please refer the back page for working of ` 51,912/- and more details. Call toll-free (BSNL/MTNL) Scheme: Visit mutualfund.birlasunlife.com sms TAX to (Premium SMS charges apply) This product is suitable for investors who are seeking*: Life Tax Relief 96 (An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years) long term capital growth investments in equity and equity related securities, with tax benefit under section 80C, subject to eligibility *Investors should consult their financial advisors, if in doubt about whether the product is suitable for them. Investors understand that their principal will be at Moderately High risk Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

2 Highlights Tax benefit under Sec 80C Lock in period of 3 years Available in SIP and lump sum investment options Highlights do not indicate assurance of future scheme performance. Who said a promotion or an appraisal is the only way to increase your monthly take home? Investing in Life Tax Relief 96 (BSL Tax Relief 96) could help you do this as well. You can save up to ` 51,912/- per annum in taxes and also aim to create wealth with equity markets! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing your taxable income by up to ` 1.5 Lakh. Tax saving of ` 51,912/- is calculated assuming qualifying amount of deduction is ` 1.50 Lakh and investor falls in the top income tax slab of 30% and includes applicable cess. 12% surcharge is also taken into account which is applicable if the income of the investor is over ` 1 Crore. Tax Saving: With BSL Tax Relief 96, you can save tax up to ` 51,912/- per annum under Section 80C of the Income Tax Act, Low lock-in period: Compared to traditional tax saving instruments like Public Provident Fund (PPF), National Savings Certificate (NSC) and bank fixed deposits; the lock-in period of an ELSS is much lower. Investment Option Lock-in Period (years) Public Provident Fund (PPF) 15 National Savings Certificate (NSC) 6 Bank Fixed Deposits 5 Equity Linked Savings Scheme 3 Source: PPF: Partial withdrawals are allowed from the 6th financial year, however the full amount can be withdrawn after 15 years. Aim to create wealth: ELSS are diversified equity schemes and can help you create wealth over the long-term. Top 10 Portfolio Holdings () Issuer % to Net Assets Sundaram Clayton Ltd. 6.63% Honeywell Automation India Ltd. 5.75% ICRA Ltd. 4.85% Bayer CropScience Ltd. 4.47% Kotak Mahindra Bank Ltd. 4.41% MRF Ltd. 3.55% Jet Airways (India) Ltd. 3.52% Zee Entertainment Enterprises Ltd. 3.39% Pfizer Ltd. 3.20% Reliance Industries Ltd. 2.96% Top 10 Sector Holdings () Asset Allocation % to Net Assets Banks 15.33% Auto Ancillaries 12.42% Finance 9.38% Pharmaceuticals 8.48% Software 6.28% Industrial Capital Goods 5.92% Cement 4.86% Pesticides 4.47% Consumer Non Durables 4.26% Auto 4.06% Source: mutualfund.birlasunlife.com Sectors/stocks mentioned above as a part of the portfolio may or may not be a part of the portfolio in future. Life Tax Relief 96 (An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years) Call sms TAX to mutualfund.birlasunlife.com Premium SMS charges apply. Connect with us on Tax saving of ` 51,912/- is calculated assuming qualifying amount of deduction is ` 1.50 Lakh and investor falls in the top income tax slab of 30% and includes applicable cess. 12% surcharge is also taken into account which is applicable if the income of the investor is over ` 1 Crore. Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that Fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax implication. Mutual Fund: Life Mutual Fund. Asset Management Company/Investment Manager: Life Asset Management Company Ltd. CIN: U65991MH1994PLC Registered Office: One India Bulls Centre, Tower - 1, 17th Floor, Jupiter Mill Compound, 841, S. B. Marg, Elphinstone Road, Mumbai Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

3 Index Information 01 Glossary Page 02 Investment Outlook 03 All Product Labeling Disclosures 05 Adhoc Dividend Equity Schemes 09 Schemes 11 Wealth Creation Solutions 13 Life Balanced 95 Fund 14 Life Frontline Equity Fund 15 Life Top 100 Fund 16 Life Equity Fund 17 Life Long Term Advantage Fund 18 Life MNC Fund 19 Life Dividend Yield Plus 20 Life Midcap Fund 21 Life Small & Midcap Fund 22 Life Advantage Fund 23 Life India GenNext Fund 24 Life Buy India Fund 25 Life Banking and Financial Services Fund 26 Life Infrastructure Fund 27 Life Pure Value Fund 28 Life India Reforms Fund 29 Life New Millennium Fund 30 Life India Opportunities Fund 31 Life Special Situations Fund 32 Life Dynamic Asset Allocation Fund 33 Life International Equity Fund - Plan A 34 Life International Equity Fund - Plan B 35 Life Commodity Equities Fund - Global Agri Plan (GAP) 36 Life Global Commodities Fund 37 Life Global Real Estate Fund 38 Life Latin America Equity Fund 39 Life Index Fund 40 Life Gold ETF 41 Life Gold Fund 42 Life Asset Allocation Fund - Aggressive Plan 43 Life Asset Allocation Fund - Moderate Plan 44 Life Asset Allocation Fund - Conservative Plan 45 Life Asset Allocator Multi Manager FoF Scheme 47 Life Financial Planning FOF-Aggressive Plan 48 Life Financial Planning FOF-Conservative Plan 49 Life Financial Planning FOF-Prudent Plan 50 Life Equity Savings Fund 51 Tax Savings Solutions 52 Tax Reckoner 53 Life Tax Relief Life Tax Plan 56 Life Tax Savings Fund 57 Regular Income Solutions 58 Life Monthly Income 59 Life MIP 60 Life MIP II - Wealth 25 Plan 61 Life MIP II - Savings 5 Plan 62 Savings Solutions 63 Life Cash Plus 64 Life Cash Manager 65 Life Savings Fund 66 Life Treasury Optimizer Plan 67 Life Dynamic Bond Fund 68 Life Short Term Opportunities Fund 69 Life Medium Term Plan 70 Life Short Term Fund 71 Life Income Plus 72 Life Floating Rate Fund - Short Term Plan 73 Life Floating Rate Fund - Long Term Plan 74 Life Gilt Plus - PF Plan 75 Life Constant Maturity 10 Year Gilt Fund 76 Life Government Securities Fund - Long Term Plan 77 Life Enhanced Arbitrage Fund 78 Life Active Debt Multi Manager FoF Scheme 79 Portfolios 80 Dividend 93 Close Ended Scheme Performance 97 Fund Manager Wise Scheme Performance 99 Funds at a Glance 100 Investment Objective 105 Industry Allocation 108 Life 5 Star Multi Manager FoF Scheme 46

4 Information To provide you with ease while you glance through the Empower booklet, we have structured the important information in an organised way. 01

5 Glossary Page Fund Manager : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription : This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Additional Amount : This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond s current market price, par value, coupon interest rate and time to maturity. SIP : SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15 th of the month in an equity fund for a period of three years. NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. Benchmark : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. Entry Load : A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/ agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs 101. Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor. Exit Load : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is reduced from the prevailing NAV at the time of redemption. The investor will receive redemption proceed at net value of NAV less Exit load. For instance if the NAV is Rs 100 and the exit load is 1%, the investor will receive Rs 99. Modified Duration : Modified duration is the price sensitivity and the percentage change in price for a unit change in yield Standard Deviation : Standard deviation is a statistical measure of the range of an investment s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta : Beta is a measure of an investment s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security s price will be more volatile than the market. AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings : The holdings or the portfolio is a mutual fund s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have subcategories. Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. 02

6 Investment Outlook Equity Investment Outlook The month of December has seen the most awaited event for the global markets rate hike by the US fed by 25 bps. With this rate action the fed has removed the uncertainty from US atleast temporarily. It would be data dependent on further hikes and view of market participants range from no rate hikes to four in one year. (Source: Public Media) The foreign investors turned net buyers again after a month of selling as they pumped in USD 35mn into the markets. Mutual funds continued their purchasing spree for 20 months in a row as they bought Rs 4,200 crores during the month. Over all for the year, FPIs bought USD 3.3 bn and the mutual funds bought USD 10.9 bn. (Source: Bloomberg) The divergence of market performance continues. The BSE Small cap index continues to be the best performer with a return of 1.7% followed by CNX Midcap with 1.1% and then Nifty Index, the large cap index with a return of 0.1%. Brent crude was down 16.4% touching new multi year lows and losing 35% for the year. Gold was down over 0.3% in USD terms losing 10.4% for the year. (Source: Bloomberg) On the macro data front, the CPI for November 15 rose by 5.4% YoY which was below the consensus estimate of 5.5%. The WPI for Novemer 15 fell by 2.2% YoY which was above consensus estimate of -2.5%. The upward move for both inflation data points from previous months was due to increase in food article prices pulses, vegetables and oil. The IIP for October rose sharply by 9.8% which was above the consensus estimate of 7.6%. This was primarily driven statically due to change in the month of Diwali festival. (Source: CMIE) On the policy front, there was hope of GST getting passed in the winter session of parliament but it did not happen due to constant disruptions of both houses of parliament. The UDAY scheme is gaining traction as fifteen states have decided to join the scheme and they account for 90% of accumulated losses on the distribution side of power sector. (Source: Public Media) China has increasingly been the reason for global volatility. It s manufacturing PMI for December 15 came in at 49.7 a number less than 50 means contraction. It s services PMI came in at 50.2, a seventeen month low. It s currency, Yuan continues to depreciate. It fell from 6.39 to 6.55 against the USD in less than a month which is causing pressure across the region. Though India benefits from lower commodity prices and has lower trade similarity with China, it is affected by the global volatility. (Source: Bloomberg) There would be volatility due to global factors particularly China. Add to this, the expectations from the budget and the corporate results season will add to volatility. We believe that the investors should take the volatility in their favor by investing more in a fall. The macro data is positive, and steps taken by the government are positive. We also expect earnings of corporate to move up starting this quarterly season. With these in mind, we are positive on the market from a medium term view and prefer large cap and multi cap funds. USD: United States Dollar; IIP: Index of Industrial Production; CPI: Consumer Price Index; WPI: Wholesale Price Index; CMIE: Centre for Monitoring Indian Economy; US: United States; UDAY: Ujwal Discom Assurance Yojana; FPI: Foreign Portfolio Investors; GST: Goods & Services Tax; PMI: Purchasing Manager s Index 03

7 Investment Outlook Debt Investment Outlook With the holiday season occupying most of the last month of 2015, there weren t any fireworks in the data sky. The Federal Reserve finally ended the zero interest rate regime and announced the first rate hike. Having prepared the markets so well for this that there was hardly any reaction to the move. It wasn t quite the action but the roadmap for further hikes that was keenly awaited. There as well nothing radical came up, some minor revision on the lower side in the 2017 dot plot were seen. (Source- FOMC) While US didn t move the markets, growth concerns across the globe, particularly China did keep markets worried. Domestically, while there were some hopes pinned to the winter session, not much fructified and the GST bill again got stalled. Some activity towards the close of the session finally allowed 3 bills to pass. The natural calamity that hit Chennai, worst rains in a century, did halt overall life there and could possibly effect on ground numbers now. outlook Marking an almost 5 year high, the IIP growth rate for October 15 was 9.8% up from 3.8% in September 15. The improvement was largely on account of a favourable base and there was some sequential improvement too. We have been highlighting for some time that the contribution to such high growth rates has been quite concentrated, case in point being the triple digit growth rate clocked by the gems and jewellery segment (October 15 YoY growth of ~372%), which added 2% points to the headline. This is largely on account of regulations in the gold industry which were significantly tightened after the taper tantrum in 2013, finally saw some relaxation in We expect the contribution from this segment to headline to taper over the next 2-3 months. Apart from this, since Diwali was in November this year and October last year, we would like to look at average growth rates for both the months as a more representative figure, because most such indicators are expected to register steep fall in their November prints. This was visible in the core industry growth which fell to -1.3% in November from 3.2% in October (avg 1%). PMI manufacturing contracted for the first time in 2 years for December 15, largely as Chennai floods took toll on activity in South India, to that extent we would watch out for the next print, before getting all too perturbed right away. (Source- Bloomberg) As the New Year beckons, we are cautious about a meaningful growth recovery. Private consumption and public investment are the two possible drivers, but both have their limitations-if the recommendations of the 7 th pay commission are fully implemented, it would give some boost to consumption, but threatens the adherence to the fiscal consolidation road map, or at least could divert resources away from capex to wages and salaries, therefore reducing the scope for stepping up public investment. Inflation Outturn Led by higher food inflation, both CPI and WPI inflation rose for the month of November. CPI inflation rose from 5% to 5.4% as food inflation rose by 70bps in November over October. This increase was on account of higher inflation in pulses, vegetables and meat & fish. WPI deflation persisted, but as food inflation rose by ~250 bps in November versus October, the pace of deflation moderated from -4% to -2%. Deflation in fuel and core WPI persisted, while food products have started seeing some increase at both wholesale and retail level, as custom duty on edible oils has been revised upwards. There has been some moderation in prices of pulses, but YoY increase is still likely to keep inflation elevated. In 2016, persistent output gap and prudent administrative policies are likely to keep inflation within RBIs trajectory. (Source- Bloomberg) External equation The trade deficit remained unchanged in November 15, 9.7bn. Trade deficit for FY16 till date stood at 15bn less than same period last year. Some of the gains from low commodity prices have been offset by decline in non-oil exports and marginal increase in gold imports. CAD for Q2 FY16 came in at 8.2bn (1.6% of GDP v/s 1.2% in Q1). The decline in capital flows was the highlight of this data point, as capital account surplus fell from 18bn in Q1 to 7bn in Q2. This decline was on account of both foreign investment flows and Banking capital. With new numbers, we would like to revisit our BoP (balance of payments) estimates and liquidity projections accordingly. We expect CAD this year and the next year to be well contained in the 1-1.5% of GDP band. We expect BoP surplus of ~20bn in FY16 now. (Source- Bloomberg) Fiscal front With November print out, we have used up 87% of the budgeted fiscal deficit, this fares well as compared to 99% same period last year, which forced expenditure compression in the last quarter. We saw 2 excise hikes in this month, which would add ~` crore to the exchequer s book. While there are serious self-confessed (now) concerns on divestments falling miserably below budgeted, the risk to slippage isn t that alarming given the over performance shown by indirect taxes. Central government expenditure was up 7.7% YoY in November and +6.3% YoY FYTD (below the BE of 8% YoY for FY16). Breaking the numbers down, while capital expenditure remained buoyant, growing by 31% YoY FYTD (above BE of 29% for FY16), revenue expenditure was up only 3% FYTD (below the BE of 5% YoY). (Source- CGA) While FY16 numbers are expected to at least be in line with budgeted, there are risks to the FY17s fiscal deficit target. This was also underscored in the mid-year review that the Chief Economic Advisor presented which reiterated the imperative role that stepping up of public investment could play at this point of economic cycle, wherein kick-starting growth may not come from private capex. Rates Outlook December 2015, witnessed a selloff in domestic bonds on account of worries on fiscal deficit target for FY17, inching up of inflation prints (although largely due to base effect), and a growing perception that we could be at the fag end of the domestic rate cut cycle. We tend to hold different view than those of the market participants at this stage. We believe inflation is very well in check and shall begin to trend lower from current level of 5.41% once the adverse base effect passes in couple of months. We also do not expect any significant uptick in domestic growth given that banking sector is reeling under stress and private investment piece is not picking up meaningfully in the backdrop of weaker exports. In fact the latest Q2 GDP growth of 7.3% looked rosy more due to deflator than due to activities. (Source- MoSPI) We are also less sanguine about global growth. We believe that both DMs and Ems are likely to face renewed growth pangs thus affecting our exports recovery. In case of commodities, the lesser said is better given continuation of weaker trend across commodities. Moreover, we continue to believe that Government will print FD in the range of % for FY17. (Source- FinMin) It is in this backdrop, we believe that the monetary authorities may have to resort to more than one rate cuts over the next 2 years which may pave way for substantial rally in Government of India bonds across the curve thus benefitting higher duration. We have positioned our portfolios for this upcoming trade. Glossary: WPI : Wholesale Price Index, CPI : Consumer Price Index, CAD: Current Account Deficit, IIP: Index of Industrial Production, BOP: Balance of Payment, DM:Developing Market, EM:Emerging Market, FD: Fiscal Deficit, PMI: Purchasing Manager s Index 04

8 All Product Labeling Disclosures Name of Scheme This product is suitable for investors who are seeking*: Riskometer Life Banking and long term capital growth Financial Services Fund Investments in equity and equity related securities of companies engaged in banking and (An Open ended Banking & Financial financial services Services Sector Scheme) Life Buy India Fund long term capital growth (An Open ended Scheme) investments in equity and equity related securities of companies driven by India s large population and inherent consumption patterns with focus on consumer and healthcare sectors Life Commodity Equities long term capital growth Fund - Global Agri Plan (GAP) investments in stocks of Agri commodity companies, i.e., companies engaged in or (An Open ended Scheme) focusing on the Agri business, whether issued in India or overseas Life Global Commodities Capital appreciation in the long term Fund (An Open ended Fund of Funds Investment in units of global mutual funds which invest in commodity related securities Scheme) Life Global Real Capital appreciation in the long term Estate Fund Investment predominantly in units of Global Fund investing in Companies engaged in Real (An Open ended Fund of Funds Scheme) Estate Sector Life India GenNext Fund (An Open ended scheme) Life India Opportunities Fund (An Open ended Scheme) Life Infrastructure Fund (An Open ended Scheme) Life International Equity Fund-Plan A (An Open ended Diversified Equity Scheme) Life International Equity Fund-Plan B (An Open ended Diversified Equity Scheme) Life Latin America Equity Fund (An Open ended Fund of Funds Scheme) Life New Millennium Fund (An Open ended Scheme) long term capital growth investments in equity and equity related securities of companies that are expected to benefit from the rising consumption patterns in India fuelled by high disposable incomes long term capital growth investments in equity and equity related securities of companies that seek to leverage India s competitive advantages in global outsourcing theme. long term capital growth investments in equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India long term capital growth investments predominantly in equity and equity related securities in the international markets long term capital growth investments in equity and equity related securities in the domestic market (65 to 75%) and in international markets (25 to 35%) Capital appreciation in the long term Investment predominantly in units of ING (L) Invest Latin America Fund long term capital growth investments in equity and equity related securities with a focus on investing in IT, media, telecom related and other technology enabled companies Life Special Situations long term capital growth Fund investments in equity and equity related securities by following investment strategy that (An Open ended Diversified Equity Scheme) would take advantage of Special Situations like buy backs, open offers, demerger etc. & contrarian investment style. Life India Reforms Fund long term capital growth (An Open ended Equity Scheme) investments in equity and equity related securities of companies expected to benefit from the economic reforms, PSU divestment and increased government spending Life 5 Star Multi Capital appreciation in the long term Manager FoF Scheme Investment in portfolio of equity funds (An Open ended Fund of Funds Scheme) Life Balanced 95 Fund long term capital growth and income (An Open ended Balanced investment predominantly in equity and equity related securities as well as debt and Scheme) Life Asset Allocation Fund Aggressive Plan (An Open ended Fund of Funds Scheme) Life Asset Allocation Fund Moderate Plan (An Open ended Fund of Funds Scheme) Life Advantage Fund (An Open ended Scheme) Life Asset Allocator Multi Manager FoF Scheme (An Open ended Fund of Funds Scheme) money market instruments long term capital growth and income investments in basket of equity and debt mutual fund schemes long term capital growth and income investments in basket of equity and debt mutual fund schemes long term capital growth investments in equity and equity related securities Capital appreciation in the long term Investment in portfolio of equity and debt funds Low LOW *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Low Moderately Low Moderately Low Moderate Moderate Moderately High Investors understand that their principal will be at High risk Moderately High High HIGH LOW HIGH Investors understand that their principal will be at Moderately High risk High 05

9 All Product Labeling Disclosures Name of Scheme This product is suitable for investors who are seeking*: Riskometer Life Dynamic Asset Capital appreciation and regular income in the long term Allocation Fund Investment in equity & equity related securities as well as fixed income securities (Debt & (An Open ended Asset Allocation Scheme) Money Market securities) Life Equity Fund long term capital growth (An Open ended Scheme) investments in equity and equity related securities Life Financial Capital appreciation through strategic asset allocation which is based on satisfying the Planning FOF - Aggressive needs to a specific risk-return profile (Aggressive) of investors in the long term Plan (An Open ended Fund of Funds Investment in portfolio of mutual fund schemes (predominantly in equity funds) Scheme) Life Financial Capital appreciation through strategic asset allocation which is based on satisfying the Planning FOF - Prudent Plan needs to a specific risk-return profile (Prudent) of investors in the long term (An Open ended Fund of Funds Scheme) Investment in portfolio of mutual fund schemes (predominantly in a combination of equity funds, liquid / money market funds & debt funds) Life Frontline Equity long term capital growth Fund investments in equity and equity related securities, diversified across various industries in (An Open ended Scheme) line with the benchmark index, S&P BSE 200 Life Gold ETF returns that are in line with the performance of gold over long term, subject to tracking (An Open ended Gold Exchange errors. Traded Fund) investments in physical gold of 99.5% purity (fineness) Life Gold Fund returns in line with performance of Life Gold ETF (BSL GETF) over long term (An Open ended Fund of Fund investments predominantly in units of Life Gold ETF. BSL GETF invests in Scheme) physical gold of 99.5% purity (fineness) Life Index Fund long term capital growth (An Open ended Index Linked investments in stocks in line with Nifty 50 and / or in exchange traded derivatives on the Scheme) Nifty 50 to generate comparable returns, subject to tracking errors. Life Long Term long term capital growth Advantage Fund investments in equity and equity related securities (An Open ended Diversified Equity Scheme) Life Midcap Fund long term capital growth (An Open ended Scheme) investments primarily in mid cap stocks Life Pure Value Fund long term capital growth Moderate (An Open ended Diversified Equity investments in equity and equity related securities by following value investing strategy. Scheme) Life Small & Midcap long term capital growth Fund investments predominantly in equity and equity related securities of companies (An Open ended Small and Mid Cap Equity Scheme) considered to be small and midcap. LOW Life Tax Relief 96 long term capital growth (An Open Ended Equity Linked investments in equity and equity related securities, with tax benefit under section 80C, Savings Scheme (ELSS) with a lock-in of 3 years) subject to eligibility Life Tax Plan long term capital growth (An Open ended Equity Linked investments in equity and equity related securities, with tax benefit under section 80C, Savings Scheme (ELSS) with a lock-in of 3 years) subject to eligibility Life Tax Savings Investment in equity linked savings scheme (lock in period of 3 years) which aims to Fund provide medium to long term capital appreciation along with income tax rebate (An Open ended Equity Linked Savings Scheme (ELSS) with a Investment predominantly in equity and equity related securities lock-in of 3 years) Life Top 100 Fund long term capital growth (An Open ended Scheme) investments in equity and equity related securities of top 100 companies as measured by market capitalisation Life Dividend Yield Plus long term capital growth (An Open ended Scheme) investments in equity and equity related securities of companies having relatively high dividend yield Life MNC Fund (An Open ended Scheme) Life MIP II - Wealth 25 Plan (An Open ended Income Scheme. Monthly income is not assured and is subject to availability of distributable surplus) Life Equity Savings Fund (An Open ended Equity Scheme) long term capital growth investments primarily in equity and equity related securities of multinational companies (MNCs) regular income with capital growth over medium to long term investments in debt and money market instruments as well as equity and equity related securities [20-30%] long term capital growth and income An open ended equity scheme investing in equity and equity related securities including the use of equity derivatives strategies and arbitrage opportunities with balance exposure in debt and money market instruments *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Low Moderately Low Moderately High HIGH Investors understand that their principal will be at Moderately High risk High 06

10 All Product Labeling Disclosures Name of Scheme This product is suitable for investors who are seeking*: Riskometer Life Asset Allocation long term capital growth and income Fund Conservative Plan investments in basket of debt and equity mutual fund schemes (An Open ended Fund of Funds Scheme) Life Active Debt Capital appreciation in the long term Multi Manager FoF Scheme Investment in a dynamically managed portfolio of debt funds (An Open ended Fund of Funds Scheme) Life Enhanced Arbitrage income over short term Fund investments in equity and equity related securities including derivatives for taking (An Open ended Equity Scheme) advantage from the price differentials/mis-pricing prevailing for stock/index in various segments (Cash & Futures) Life Financial Capital appreciation through strategic asset allocation which is based on satisfying the Planning FOF - Conservative needs to a specific risk-return profile (Conservative) of investors in the long term Plan (An Open ended Fund of Funds Investment in portfolio of mutual fund schemes (predominantly in liquid / money market Scheme) funds & debt funds) Life Treasury Optimizer reasonable returns with convenience of liquidity over short term Plan investments in debt and money market securities with relatively low levels of interest rate (erstwhile Life Ultra risk Short Term Fund) (An Open ended Short Term Income Scheme) Life Dynamic Bond Fund (An Open ended Income Scheme) Life Short Term Opportunities Fund (An Open ended Income Scheme) Life Medium Term Plan (An Open ended Income Scheme) Life Income Plus (An Open ended Income Scheme) Life Gilt Plus - PF Plan (An Open ended Government Securities Scheme) income with capital growth over short term investments in actively managed portfolio of high quality debt and money market instruments including government securities. income with capital growth over short to medium term investments in debt and money market instruments with short to medium term maturities across the credit spectrum within the investment grade income with capital growth over medium to long term investments in debt and money market instruments income with capital growth over medium to long term investments in a combination of debt and money market instruments including government securities of varying maturities income with capital growth over medium to long term investments exclusively in Government Securities Life Constant Maturity credit risk-free returns based on their own view on interest rate scenario over short to 10 Year Gilt Fund (erstwhile medium term Life Gilt Plus Regular Plan) (An Open ended Government investments in a portfolio of Central Government securities of around 10 year average Securities Scheme) maturity. Life Government income with capital growth over medium to long term Securities Fund - Long Term investments exclusively in Government Securities Plan (An Open ended Gilt Scheme) Life Monthly Income regular income with capital growth over medium to long term (An Open ended Income Scheme. investments in debt and money market instruments as well as equity and equity related Monthly income is not assured and is subject to availability of distributable securities [upto 15%] surplus) Life MIP regular income with capital growth over medium to long term. (An Open ended Income Scheme. investments in debt and money market instruments as well as equity and equity related Monthly income is not assured and is subject to availability of distributable securities [upto 15%] surplus) Life MIP II - Savings 5 regular income with capital growth over medium to long term Plan investments in debt and money market instruments as well as equity and equity related (An Open ended Income Scheme. Monthly income is not assured and is securities [0-10%] subject to availability of distributable surplus) Life Cash Manager (An Open ended Income Scheme) Life Savings Fund (An Open ended Short Term Income Scheme) reasonable returns with convenience of liquidity over short term investments in a basket of debt and money market instruments of very short maturities reasonable returns with convenience of liquidity over short term investments in debt and money market instruments Low Moderately Low Moderate Moderately High LOW HIGH Investors understand that their principal will be at Moderate risk Life Floating Rate Fund income with capital growth over short term - Long Term Plan (An Open ended Income Scheme) investments in a mix of fixed and floating rate debt and money market instruments LOW HIGH Life Short Term Fund income with capital growth over short term Investors understand that their (An Open ended Income Scheme) investments in debt and money market instruments. principal will be at Moderately Low risk *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Low Moderately Low Moderate Moderately High High High 07

11 All Product Labeling Disclosures Name of Scheme This product is suitable for investors who are seeking*: Riskometer Life Capital Protection Oriented Fund - Series 25 & 26 (A Close ended Capital Protection Oriented Scheme) capital protection and capital appreciation linked to equity market at the end of medium / long term tenure investments in highest rated debt and money market instruments maturing on or before the tenure of the scheme and exposure to derivative instruments (long call options) Moderate Life Capital Protection Oriented Fund - Series 16, 17, 18, 19, 20, 21, 22 & 23 (A Close ended Capital Protection Oriented Scheme) capital protection and capital appreciation linked to equity market at the end of medium / long term tenure investments in highest rates debt and money market instruments maturing on or before the tenure of the scheme and equity and equity related securities Low Moderately Low Moderately High LOW HIGH Investors understand that their principal will be at Moderately Low risk High Life Cash Plus (An Open ended Liquid Scheme) Life Floating Rate Fund - Short Term Plan (An Open ended Income Scheme) reasonable returns with high levels of safety and convenience of liquidity over short term investments in high quality debt and money market instruments with maturity of upto 91 days only reasonable returns with convenience of liquidity over short term investments in debt and money market instruments with maturity of upto 91 days only Low Moderately Low Moderate Moderately High High *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. LOW HIGH Investors understand that their principal will be at Low risk 08

12 Adhoc Dividend Equity Schemes April December 2015 Serial No. Scheme Name Record Date Dividend Rate (` per unit) Cum Dividend NAV (` per unit) Face Value per unit of Scheme 1 Life MNC Fund - - Dividend 22-Apr Life Frontline Equity Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Commodity Equities Fund - Global Agri Plan - - Dividend Life Commodity Equities Fund - Global Agri Plan - - Dividend Life Long Term Advantage Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Infrastructure Fund - - Dividend Life India GenNext Fund - - Dividend Life India GenNext Fund - - Dividend Life Dividend Yield Plus - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Balanced 95 Fund - - Dividend Life Top 100 Fund - - Dividend Life Pure Value Fund - - Dividend Life New Millennium Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend 24-Apr Apr Apr May May May May May Jun Jun Jun Jun Jun Jun Jun Jul Jul Jul Jul Jul Life Midcap Fund - - Dividend 28-Aug Life Small & Midcap Fund - - Dividend Life Advantage Fund - - Dividend Life Advantage Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend 28-Aug Aug Aug Aug Aug NAV of the scheme, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable). Declaration of dividend is at the discretion of the trustees and subject to availability of distributable surplus. Past Performance may or may not be sustained in the future. 09

13 Adhoc Dividend Equity Schemes April December 2015 Serial No Scheme Name Life Buy India Fund - - Dividend Life Balanced 95 Fund - - Dividend Life Dividend Yield Plus - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Special Situations Fund - - Dividend Record Date Dividend Rate (` per unit) Cum Dividend NAV (` per unit) Face Value per unit of Scheme 22-Sep Sep Sep Sep Sep Sep Life MNC Fund - - Dividend 09-Oct Life Enhanced Arbitrage Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Frontline Equity Fund - - Dividend 30-Oct Oct Oct Life Index Fund - - Dividend 02-Nov Life Index Fund - - Dividend 02-Nov Life Enhanced Arbitrage Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life India Opportunities Fund - - Dividend 30-Nov Nov Nov Life Equity Fund - - Dividend 30-Nov Life Equity Fund - - Dividend 30-Nov Life India Reforms Fund - - Dividend Life Dividend Yield Plus - - Dividend Life Balanced 95 Fund - - Dividend Life Balanced 95 Fund - - Dividend Life Banking and Financial Services Fund - - Dividend Life Enhanced Arbitrage Fund - - Dividend Life Enhanced Arbitrage Fund - Regular Plan - Dividend 30-Nov Dec Dec Dec Dec Dec Dec NAV of the scheme, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable). Declaration of dividend is at the discretion of the trustees and subject to availability of distributable surplus. Past Performance may or may not be sustained in the future. 10

14 Schemes It is our constant endeavour to only offer you schemes that best suit your needs, thus we have classified our schemes under four broad solutions. 11

15 Wealth Creation Solutions What are Wealth Creation Solutions? Our Wealth Creation Solutions aim to grow your money through equity/gold investments and are available in a range of conservative to aggressive options. Who can benefit from Wealth Creation Solutions? These solutions can be ideal for investors who are planning for future expenses, like higher education of children, marriage, buying a home etc.these solutions are available in the range of aggressive to conservative options to suit the needs of the investor. Tax Savings Solutions What are Tax Savings Solutions? Our Tax Savings Solutions help to reduce your tax burden and at the same time, aim to grow your money through equity investments. Who can benefit from Tax Savings Solutions? Tax saving is important, especially when investors can save up to ` 51,912 in taxes! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing the taxable income by up to ` 1.5 lakh. But, wealth creation is also important. Isn t it? That s why this solution is ideal for investors who would like to create wealth along with tax saving. Tax savings of ` 51,912 is calculated assuming qualifying amount of deduction is ` 1.5 lakh & investor falls in the top income tax slab of % & includes applicable cess & surcharge. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. Further, Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. The rates are applicable for the financial year Regular Income Solutions What are Regular Income Solutions? Our Regular Income Solutions aim to preserve your money and provide regular income. Who can benefit from Regular Income Solutions? This is an ideal solutions for investors who are interested in alternative modes of regular income, either in present of after retirement stage, and have low propensity for risk. (Regular income is not assured & is subject to availability of distributable surplus.) Savings Solutions What are Saving Solutions? Our Savings Solutions are aimed at preserving your money, providing you with liquidity and giving you tax-efficient returns. Who can benefit from Saving Solutions? This is an ideal solutions for investors who have low - medium propensity for risk and high liquidity. These can be ideal for first time investors in mutual funds. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 12

16 Wealth Creation Solutions What are Wealth Creation Solutions? Our Wealth Creation Solutions aim to grow your money through equity/gold investments and are available in a range of conservative to aggressive options. Who can benefit from Wealth Creation Solutions? Equity may be considered as an ideal option to give attractive long term returns and hence may be used for funding long-term needs (like child's education, buying a home etc.) Benefits of Wealth Creation Solutions: Tax Free Returns: No capital gains tax (on withdrawal) if you stay invested for over a year as per current tax laws. Invest in the long-term to overcome short-term ups and downs. Risk is lowered: Mutual funds invest in many companies and funds are managed by experts; which can be considered as an alternative to direct investment in shares. Investors are requested to consult their tax advisor before investing for individual nature of tax benefit. The Financial Solution (Wealth Creation Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 13

17 Life Balanced 95 Fund (erstwhile Life 95 Fund. Name changed w.e.f January 01, 2016) Wealth Creation Solutions A fund that seeks to achieve long-term growth of your investment at moderate levels of risk by striking a balance between potential growth of equity and relative safety of debt. Fund Manager: Mr. Mahesh Patil & Mr. Pranay Sinha Managing Fund Since: January 16, 2014 & August 26, 2015 Total Experience: 24 years & 10 years Date of Allotment: February 10, 1995 Type of Scheme: An Open-ended Balanced Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Feb 10, 1995 Birla Sun Life Balanced 95 Fund : Dividend: Benchmark: CRISIL Balanced Fund Index # Nifty 50 ## CRISIL Balanced Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV Value of Standard Investment of ` in Birla Sun Life Balanced 95 Fund CRISIL Balanced Fund Index # Nifty 50 ## N/A N/A December 31, 2014 (Absolute) December 31, 2013 (Absolute) SIP Performance - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Modified Duration: Average Maturity: Yield to Maturity: 8.20% Standard Deviation: 11.43% Sharpe Ratio##: 0.93 Beta: 1.08 Portfolio Turnover: 1.81 Regular 2.49 Direct 1.50 For redemption/switch out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment years years Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Mahesh Patil is 9. Total Schemes managed by Mr. Pranay Sinha is 6. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 Rating Profile of Portfolio 20.28% 3.03% 1.95% 4.18% Scheme Returns (CAGR) CRISIL Balanced Fund Index returns# (CAGR) NA Nifty 50 returns## (CAGR) Date of First Installment: March 01, 1995 & Scheme Inception Date: February 10, Past Performance may or may not be sustained in future.this scheme is jointly managed with Mr. Pranay Sinha. For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Equity Cash & Current Assets AAA 70.56% Sovereign Below AA Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 19.65% SOV Sun Pharmaceuticals Industries Ltd 2.26% HDFC Bank Ltd 3.80% FAG Bearings India Ltd 2.01% Infosys Ltd 3.25% Axis Bank Ltd 1.90% ICICI Bank Ltd 2.69% Indusind Bank Ltd 1.82% Reliance Industries Ltd 2.67% Pune Solapur Expressway Pvt Ltd 1.74% ICRA A(SO) 14

18 Life Frontline Equity Fund Wealth Creation Solutions A diversified equity fund that invests across sectors in line with S&P BSE 200 Index, with a bias for large caps but not exclusively focused on them. Fund Manager: Mr. Mahesh Patil Managing Fund Since: November 17, 2005 Total Experience: 24 years Date of Allotment: August 30, 2002 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: 1% if redeemed /switched out within 365 days from the date of allotment. if redeemed /switched after 365 days from the date of allotment **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 14.23% Sharpe Ratio##: 0.70 Beta: 0.99 Portfolio Turnover: 0.72 Regular 2.27 Direct 1.38 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Aug 30, 2002 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Frontline Equity Fund S&P BSE 200 # Nifty 50 ## Value of Standard Investment of ` in Birla Sun Life Frontline Equity Fund S&P BSE 200 # Nifty 50 ## SIP Performance - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P BSE 200 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: September 01, 2002 & Scheme Inception Date: August 30, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets HDFC Bank Ltd 6.80% Larsen & Toubro Ltd 3.29% Infosys Ltd 5.12% Indusind Bank Ltd 3.01% Reliance Industries Ltd 4.32% Sun Pharmaceuticals Industries Ltd 2.76% ITC Ltd 3.59% Axis Bank Ltd 2.72% ICICI Bank Ltd 3.57% Tech Mahindra Ltd 2.48% 15

19 Life Top 100 Fund Wealth Creation Solutions A large cap focused fund that invests in equity and equity related securities of top 100 companies in India as measured by market capitalization. Fund Manager: Mr. Mahesh Patil Managing Fund Since: July 29, 2010 Total Experience: 24 years Date of Allotment: October 24, 2005 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 50 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Standard Deviation: 14.78% Sharpe Ratio##: 0.71 Beta: 1.01 Portfolio Turnover: 0.84 Regular 2.46 Direct 1.54 For redemption/switch out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Oct 24, 2005 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Top 100 Fund Nifty 50 # S&P BSE SENSEX ## Value of Standard Investment of ` in Life Top 100 Fund Nifty 50 # S&P BSE SENSEX ## SIP Performance - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty 50 returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: November 01, 2005 & Scheme Inception Date: October 24, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets HDFC Bank Ltd 7.24% Indusind Bank Ltd 3.12% Infosys Ltd 4.81% HCL Technologies Ltd 3.04% Reliance Industries Ltd 4.68% Sun Pharmaceuticals Industries Ltd 3.03% ICICI Bank Ltd 3.25% ITC Ltd 2.93% Larsen & Toubro Ltd 3.12% Axis Bank Ltd 2.86% 16

20 Life Equity Fund Wealth Creation Solutions A Diversified Equity Fund that looks for opportunities without any sectoral or market cap bias with the aim to give you long term growth of capital. Fund Manager: Mr. Anil Shah Managing Fund Since: October 03, 2012 Total Experience: 26 years Date of Allotment: August 27, 1998 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For redemption/switch out Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Standard Deviation: 16.33% Sharpe Ratio##: 0.79 Beta: 1.08 Portfolio Turnover: 0.78 Regular 2.44 Direct 1.49 of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Aug 27,1998 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Equity Fund S&P BSE 200 # Nifty 50 ## Value of Standard Investment of ` in Life Equity Fund S&P BSE 200 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P BSE 200# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: September 01, 1998 & Scheme Inception Date: August 27, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets HDFC Bank Ltd 6.37% Indusind Bank Ltd 3.41% Maruti Suzuki India Ltd 4.66% Sun Pharmaceuticals Industries Ltd 3.31% Axis Bank Ltd 3.86% HCL Technologies Ltd 3.07% Tata Chemicals Ltd 3.85% Tech Mahindra Ltd 3.04% ITC Ltd 3.72% Tata Communications Ltd 2.84% 17

21 Life Long Term Advantage Fund Wealth Creation Solutions An Open ended Equity fund that invests in a Diversified portfolio of equity and equity related securities Fund Manager: Mr. Mahesh Patil Managing Fund Since: October 03, 2012 Total Experience: 24 years Date of Allotment: October 10, 2006 Type of Scheme: An Open Ended Diversified Equity Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For redemption/ Note: Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Standard Deviation: 14.72% Sharpe Ratio##: 0.86 Beta: 1.03 Portfolio Turnover: 0.65 Regular 2.76 Direct 2.01 switch out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Oct 10, 2006 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Long Term Advantage Fund S&P BSE 200 # Nifty 50 ## Value of Standard Investment of ` in Life Long Term Advantage Fund S&P BSE 200 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P BSE 200 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: November 01, 2006 & Scheme Inception Date: October 10, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets HDFC Bank Ltd 5.62% ITC Ltd 3.22% Infosys Ltd 5.11% HCL Technologies Ltd 2.78% Gulf Oil Lubricants India Ltd 3.70% Maruti Suzuki India Ltd 2.63% Indusind Bank Ltd 3.65% Hindustan Petroleum Corporation Ltd 2.63% Tech Mahindra Ltd 3.44% ICICI Bank Ltd 2.52% 18

22 Life MNC Fund Wealth Creation Solutions The fund that invests in securities of multinational companies in order to achieve long-term growth of capital with relatively moderate levels of risk. Fund Manager: Mr. Ajay Garg Managing Fund Since: June 18, 2009 Total Experience: 22 years Date of Allotment: December 27, 1999 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty MNC Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: 1% if redeemed /switched out within 365 days from the date of allotment. if redeemed /switched after Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Standard Deviation: 16.53% Sharpe Ratio##: 1.41 Beta: 0.73 Portfolio Turnover: 0.09 Regular 2.48 Direct days from the date of allotment. **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Dec 27, 1999 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life MNC Fund Nifty MNC # Nifty 50 ## Value of Standard Investment of ` in Life MNC Fund Nifty MNC # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty MNC returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: January 01, 2000 & Scheme Inception Date: December 27, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Maruti Suzuki India Ltd 8.45% Pfizer Ltd 6.39% Bosch Ltd 8.33% Gillette India Ltd 6.23% ICRA Ltd 7.53% Honeywell Automation India Ltd 6.19% Bayer CropScience Ltd 7.16% Hindustan Unilever Ltd 5.16% Glaxosmithkline Pharmaceuticals Ltd 6.58% Kotak Mahindra Bank Ltd 5.07% 19

23 Life Dividend Yield Plus Wealth Creation Solutions A fund that invests in high dividend paying companies across market cap which typically have steady cash flow generation. Fund Manager: Mr. Satyabrata Mohanty & Mr. Vineet Maloo Managing Fund Since: July 16, 2015 & January 16, 2014 Total Experience: 16 years & 11 years Date of Allotment: February 26, 2003 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 500 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: 1% if redeemed /switched out within 365 days from the date of allotment. if redeemed /switched after 365 days from the date of Standard Deviation: 15.26% Sharpe Ratio##: 0.37 Beta: 0.98 Portfolio Turnover: 0.33 Regular 2.48 Direct 1.65 allotment. **Exit Load is NIL for units issued in Dividend Reinvestment. Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Feb 26, 2003 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Dividend Yield Plus Nifty 500 # Nifty 50 ## Value of Standard Investment of ` in Birla Sun Life Dividend Yield Plus Nifty 500 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty 500 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: March 01, 2003 & Scheme Inception Date: February 26, Past Performance may or may not be sustained in future.this scheme is jointly managed with Mr. Vineet Maloo. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Satyabrata Mohanty is 10. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets ICICI Bank Ltd 6.61% ITC Ltd 3.26% Cummins India Ltd 5.58% Sanofi India Ltd 3.16% Infosys Ltd 4.99% HCL Technologies Ltd 2.78% Pfizer Ltd 4.96% Oracle Financial Services Software Ltd 2.70% Axis Bank Ltd 3.95% Sundaram Finance Ltd 2.67% 20

24 Life Midcap Fund Wealth Creation Solutions A fund that provides an opportunity to invest in midsized companies which can be potential leaders of tomorrow. Fund Manager: Mr. Jayesh Gandhi Managing Fund Since: January 01, 2015 Total Experience: 15 years Date of Allotment: October 03, 2002 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty Midcap 100 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Standard Deviation: 17.12% Sharpe Ratio##: 0.94 Beta: 0.89 Portfolio Turnover: 0.62 Regular 2.47 Direct 1.80 For redemption/switch out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Oct 03, 2002 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Midcap Fund Nifty Midcap 100 # Nifty 50 ## Value of Standard Investment of ` in Birla Sun Life Midcap Fund Nifty Midcap 100 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty Midcap 100 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: November 01, 2002 & Scheme Inception Date: October 03, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Jayesh Gandhi is 4. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets SKS Microfinance Ltd 3.15% Solar Industries India Ltd 2.51% Gujarat State Petronet Ltd 3.09% Britannia Industries Ltd 2.34% Crompton Greaves Ltd 2.83% LIC Housing Finance Ltd 2.26% PNC Infratech Limited 2.81% IRB Infrastructure Developers Ltd 2.16% Aditya Birla Nuvo Ltd 2.74% The Federal Bank Ltd 2.12% 21

25 Life Small & Midcap Fund Wealth Creation Solutions An Equity fund that aims to generate growth and capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap. Fund Manager: Mr. Jayesh Gandhi Managing Fund Since: December 15, 2014 Total Experience: 15 years Date of Allotment: May 31, 2007 Type of Scheme: An Open-ended Small & Mid Cap Equity Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty Midcap 100 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: 1% if redeemed /switched out within 365 days from the date of allotment. if redeemed /switched after Note: Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio 365 days from the date of allotment. **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 16.97% Sharpe Ratio##: 1.09 Beta: 0.87 Portfolio Turnover: 0.80 Regular 2.89 Direct 2.07 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: May 31, 2007 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Small & Midcap Fund Nifty Midcap 100 # Nifty 50 ## Value of Standard Investment of ` in Life Small & Midcap Fund Nifty Midcap 100 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty Midcap 100 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: June 01, 2007 & Scheme Inception Date: May 31, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Jayesh Gandhi is 4. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Jet Airways (India) Ltd 3.70% IRB Infrastructure Developers Ltd 2.52% Natco Pharma Ltd 2.90% Sterlite Technologies Ltd 2.50% Kansai Nerolac Paints Ltd 2.80% Gujarat State Petronet Ltd 2.47% Firstsource Solutions Ltd 2.79% Pennar Engineered Building Systems Ltd 2.45% Tube Investments of India Ltd 2.60% Repco Home Finance Ltd 2.41% 22

26 Life Advantage Fund Wealth Creation Solutions A Diversified Equity Fund that aims to achieve long-term growth of capital, at relatively moderate levels of risk through a research-based investment approach. Fund Manager: Mr. Satyabrata Mohanty Managing Fund Since: October 17, 2011 Total Experience: 16 years Date of Allotment: February 24, 1995 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption / switchout of units within 365 days from the date of allotment: 1.00% of Note: Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio applicable NAV. For redemption / switchout of units after 365 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 16.66% Sharpe Ratio##: 0.89 Beta: 1.07 Portfolio Turnover: 0.75 Regular 2.64 Direct 1.86 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Feb 24, 1995 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Birla Sun Life Advantage Fund S&P BSE 200 # Nifty 50 ## Value of Standard Investment of ` in Birla Sun Life Advantage Fund S&P BSE 200 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P BSE 200 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: March 01, 1995 & Scheme Inception Date: February 24, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 10. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets HDFC Bank Ltd 6.76% Eicher Motors Ltd 4.03% Yes Bank Ltd 4.79% Indusind Bank Ltd 3.16% Sun Pharmaceuticals Industries Ltd 4.78% Dalmia Bharat Ltd 2.92% Maruti Suzuki India Ltd 4.33% Infosys Ltd 2.88% Natco Pharma Ltd 4.11% TVS Motor Company Ltd 2.73% 23

27 Life India GenNext Fund Wealth Creation Solutions A Fund that strives to benefit from the rising consumption pattern in India, fuelled by high disposable incomes of the young generation (Generation Next). Fund Manager: Mr. Anil Shah & Mr. Chanchal Khandelwal Managing Fund Since: September 23, 2013 & August 26, 2015 Total Experience: 26 years & 10 years Date of Allotment: August 05, 2005 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 50 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: 1% if redeemed /switched out within 365 days from the date of allotment. if redeemed /switched after 365 days from the date of allotment. Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Standard Deviation: 14.98% Sharpe Ratio##: 0.82 Beta: 0.94 Portfolio Turnover: 0.28 Regular 2.92 Direct 2.01 **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Aug 05, 2005 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life India GenNext Fund Nifty 50 # S&P BSE SENSEX ## Value of Standard Investment of ` in Life India GenNext Fund Nifty 50 # S&P BSE SENSEX ## Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Anil Shah is 9. Total Schemes managed by Mr. Chanchal Khandelwal is 1. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty 50 returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: September 01, 2005 & Scheme Inception Date: August 05, Past Performance may or may not be sustained in future. For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets HDFC Bank Ltd 5.86% Sun Pharmaceuticals Industries Ltd 3.50% Maruti Suzuki India Ltd 4.55% ICICI Bank Ltd 3.22% ITC Ltd 3.98% Britannia Industries Ltd 2.92% Eicher Motors Ltd 3.87% Bajaj Corp Ltd 2.78% Indusind Bank Ltd 3.66% Axis Bank Ltd 2.65% 24

28 Life Buy India Fund Wealth Creation Solutions An equity fund aiming to capitalize on the growth opportunities provided by companies that are driven by India s large population and consumption patterns. Fund Manager: Mr. Ajay Garg Managing Fund Since: September 12, 2007 Total Experience: 22 years Date of Allotment: January 15, 2000 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption / switch-out of units within 365 days from the date of allotment: Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 15.69% Sharpe Ratio##: 1.21 Beta: 0.92 Portfolio Turnover: 0.18 Regular 3.13 Direct 2.18 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Jan 15, 2000 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Buy India Fund S&P BSE 200 # Nifty 50 ## Value of Standard Investment of ` in Life Buy India Fund S&P BSE 200 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P BSE 200 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: February 01, 2000 & Scheme Inception Date: January 15, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Sundaram Clayton Ltd 8.60% Pfizer Ltd 4.37% ICRA Ltd 7.97% Bayer CropScience Ltd 4.36% Jet Airways (India) Ltd 7.11% Zee Entertainment Enterprises Ltd 3.61% Kotak Mahindra Bank Ltd 4.92% Hitachi Home and Life Solutions (India) Ltd 3.50% MRF Ltd 4.43% Gillette India Ltd 3.47% 25

29 Life Banking and Financial Services Fund A fund that aims to generate growth and capital appreciation by building a portfolio that predominantly invest in the Banking and Financial Services related companies in India. Wealth Creation Solutions Fund Manager: Mr. Satyabrata Mohanty & Mr. Dhaval Gala Managing Fund Since: Since Inception & August 26, 2015 Total Experience: 16 years & 9 years Date of Allotment: December 14, 2013 Type of Scheme: An Open ended Banking & Financial Services Sector Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty Financial Services Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For redemption/switch out Portfolio Turnover: 0.40 Regular 2.85 Direct 2.47 of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Dec 14, 2013 December 31, 2014 (Absolute) Life Banking and Financial Services Fund Nifty Financial Services # Nifty 50 ## Value of Standard Investment of ` in Birla Sun Life Banking and Financial Services Fund Nifty Financial Services # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty Financial Services returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: January 01, 2014 & Scheme Inception Date: December 14, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Satyabrata Mohanty is 10. Total Schemes managed by Mr. Dhaval Gala is 1. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets HDFC Bank Ltd 15.20% ICICI Bank Ltd 6.73% Yes Bank Ltd 9.52% Axis Bank Ltd 6.03% Indusind Bank Ltd 7.90% LIC Housing Finance Ltd 5.42% Repco Home Finance Ltd 7.64% Bank of Baroda 4.91% Bajaj Finance Ltd 7.50% SKS Microfinance Ltd 4.22% 26

30 Life Infrastructure Fund Wealth Creation Solutions A fund that seeks to participate in growth and development of infrastructure in India by investing in equity and equity related securities of companies in the infra sector. Fund Manager: Mr. Mahesh Patil Managing Fund Since: July 16, 2015 Total Experience: 24 years Date of Allotment: March 17, 2006 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: Date of Inception: Mar 17, 2006 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Infrastructure Fund : Dividend: Benchmark: Nifty 50 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: 1% if redeemed /switched out within 365 days from the date of allotment. if redeemed /switched after 365 days from the Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance - - NAV as on December 31, 2015: ` Nifty 50 # S&P BSE SENSEX ## Value of Standard Investment of ` in Life Infrastructure Fund Nifty 50 # S&P BSE SENSEX ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty 50 returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: April 01, 2006 & Scheme Inception Date: March 17, Past Performance may or may not be sustained in future. date of allotment. **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 22.24% Sharpe Ratio##: 0.44 Beta: 1.38 Portfolio Turnover: 0.58 Regular 2.66 Direct 2.08 Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Cummins India Ltd 5.73% ICICI Bank Ltd 3.84% HDFC Bank Ltd 4.77% Reliance Industries Ltd 3.82% Wabco India Ltd 4.03% Orient Cement Ltd 3.16% Crompton Greaves Ltd 3.95% Multi Commodity Exchange of India Ltd 3.06% Larsen & Toubro Ltd 3.90% Honeywell Automation India Ltd 2.74% 27

31 Life Pure Value Fund Wealth Creation Solutions An Open ended Diversified Equity fund that follows value investing strategy to generate consistent long-term capital appreciation. Fund Manager: Mr. Mahesh Patil & Mr. Milind Bafna Managing Fund Since: January 16, 2014 Total Experience: 24 years & 15 years Date of Allotment: March 27, 2008 Type of Scheme: An Open-ended Diversified Equity Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio 1.00% of applicable NAV For redemption/switch out of units after 365 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 22.02% Sharpe Ratio##: 1.03 Beta: 1.19 Portfolio Turnover: 1.59 Regular 2.92 Direct 1.97 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Mar 27, 2008 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Pure Value Fund S&P BSE 200 # Nifty 50 ## Value of Standard Investment of ` in Life Pure Value Fund S&P BSE 200 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P BSE 200 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: April 01, 2008 & Scheme Inception Date: March 27, Past Performance may or may not be sustained in future.this scheme is jointly managed with Mr. Milind Bafna. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Mahesh Patil is 9. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Jet Airways (India) Ltd 6.54% Gujarat Fluorochemicals Ltd 3.44% Tata Chemicals Ltd 5.53% J.Kumar Infraprojects Ltd 3.43% Hindustan Petroleum Corporation Ltd 4.53% Chennai Petroleum Corporation Ltd 3.38% Gulf Oil Lubricants India Ltd 4.17% GAIL (India) Ltd 3.19% MRF Ltd 3.80% Omkar Speciality Chemicals Limited 2.92% 28

32 Life India Reforms Fund Wealth Creation Solutions An Equity fund that aims to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending. Fund Manager: Mr. Satyabrata Mohanty Managing Fund Since: July 16, 2015 Total Experience: 16 years Date of Allotment: June 25, 2010 Type of Scheme: An Open-ended Equity Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 500 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For redemption/switch out Standard Deviation: 22.33% Sharpe Ratio##: 0.21 Beta: 1.42 Portfolio Turnover: 0.51 Regular 2.86 Direct 2.32 of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Note: Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: June 25, 2010 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life India Reforms Fund Nifty 500 # Nifty 50 ## Value of Standard Investment of ` in Life India Reforms Fund Nifty 500 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty 500 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: July 01, 2010 & Scheme Inception Date: June 25, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 10. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 28.41% SOV ICICI Bank Ltd 3.28% HDFC Bank Ltd 5.66% Larsen & Toubro Ltd 3.20% Maruti Suzuki India Ltd 3.87% Axis Bank Ltd 3.19% Eicher Motors Ltd 3.45% Bajaj Auto Ltd 3.18% Cummins India Ltd 3.45% Bharat Electronics Ltd 2.58% 29

33 Life New Millennium Fund Wealth Creation Solutions A thematic fund that invests in companies related to the IT sector like hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. Fund Manager: Mr. Kunal Sangoi Managing Fund Since: January 16, 2014 Total Experience: 8 years Date of Allotment: January 15, 2000 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE Teck Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: 1% if redeemed /switched out within 365 days from the date of allotment. if redeemed / switched after 365 days from the Standard Deviation: 18.43% Sharpe Ratio##: 1.06 Beta: 0.95 Portfolio Turnover: 0.84 Regular 2.97 Direct 2.19 date of allotment. **Exit Load is NIL for units issued in Dividend Reinvestment. Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Jan 15, 2000 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life New Millennium Fund S&P BSE Teck # Nifty 50 ## Value of Standard Investment of ` in Life New Millennium Fund S&P BSE Teck # Nifty 50 ## 8.46 N/A N/A Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Kunal Sangoi is 2. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P BSE Teck returns# (CAGR) NA Nifty 50 returns## (CAGR) Date of First Installment: February 01, 2000 & Scheme Inception Date: January 15, Past Performance may or may not be sustained in future. For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Infosys Ltd 29.35% Sonata Software Ltd 5.01% Tech Mahindra Ltd 9.03% Cyient Limited 4.79% HCL Technologies Ltd 8.94% Dish TV India Ltd 4.06% Tata Consultancy Services Ltd 6.98% Firstsource Solutions Ltd 3.74% Tata Communications Ltd 6.39% Zee Entertainment Enterprises Ltd 3.72% 30

34 Life India Opportunities Fund Wealth Creation Solutions A fund that allows investors to participate in India s global outsourcing theme by identifying companies that seek to utilize India s low cost and high quality resources to service the needs of global customers. Fund Manager: Mr. Kunal Sangoi Managing Fund Since: July 16, 2015 Total Experience: 8 years Date of Allotment: December 27, 1999 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 500 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption / switchout of units within 365 days from the date of allotment: 1.00% of Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 13.19% Sharpe Ratio##: 1.74 Beta: 0.56 Portfolio Turnover: 0.48 Regular 3.24 Direct 2.33 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Dec 27, 1999 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life India Opportunities Fund Nifty 500 # Nifty 50 ## Value of Standard Investment of ` in Life India Opportunities Fund Nifty 500 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty 500 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: January 01, 2000 & Scheme Inception Date: December 27, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Kunal Sangoi is 2. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Cummins India Ltd 8.19% Reliance Industries Ltd 5.38% Sanofi India Ltd 6.96% Sun Pharmaceuticals Industries Ltd 5.15% Honeywell Automation India Ltd 6.26% Hindustan Zinc Ltd 4.53% Infosys Ltd 6.25% Tech Mahindra Ltd 4.01% Wabco India Ltd 5.92% Oracle Financial Services Software Ltd 3.96% 31

35 Life Special Situations Fund Wealth Creation Solutions A Fund that endeavors to generate longterm growth by identifying stocks that may have the potential for special situation like buy backs, open offers, demerger, etc. and a contrarian investment style. Fund Manager: Mr. Anil Shah Managing Fund Since: January 04, 2013 Total Experience: 26 years Date of Allotment: January 31, 2008 Type of Scheme: An Open-ended Diversified Equity Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: 1% if redeemed /switched out within 365 days from Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Jan 31, 2008 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Special Situations Fund S&P BSE 200 # Nifty 50 ## Value of Standard Investment of ` in Birla Sun Life Special Situations Fund S&P BSE 200 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P BSE 200 returns# (CAGR) Nifty 50 returns#(cagr) Date of First Installment: February 01, 2008 & Scheme Inception Date: January 31, Past Performance may or may not be sustained in future. the date of allotment. if redeemed /switched after 365 days from the date of allotment. **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 17.74% Sharpe Ratio##: 0.80 Beta: 1.10 Portfolio Turnover: 0.33 Regular 2.91 Direct 2.30 Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Anil Shah is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Maruti Suzuki India Ltd 8.69% Infosys Ltd 4.16% Wabco India Ltd 8.25% HDFC Bank Ltd 4.07% Indusind Bank Ltd 7.29% HCL Technologies Ltd 3.98% Tata Communications Ltd 4.92% ICICI Bank Ltd 3.93% Strides Shasun Ltd 4.86% Dishman Pharmaceuticals and Chemicals Ltd 3.86% 32

36 Life Dynamic Asset Allocation Fund (erstwhile ING Balanced Fund. Name changed w.e.f October 11, 2014) An open ended Asset allocation scheme which balances the portfolio between Equity and Fixed income securities based on market valuations to generate long term wealth at a relatively low volatility. Wealth Creation Solutions Fund Manager: Mr. Prasad Dhonde & Mr. Vineet Maloo Managing Fund Since: October 11, 2014 & August 26, 2015 Total Experience: 16 years & 11 years Date of Allotment: April 25, 2000 Type of Scheme: An Open ended Asset Allocation Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Monthly Average AUM: ` 4.85 Crores AUM as on last day: ` 4.97 Crores CRISIL Balanced Fund Index Exit Load**: For redemption/ switch-out of units on or before 365 days from the date of allotment: 1% of applicable NAV. For redemption/ switch-out of units after 365 days from the date of allotment: Standard Deviation: 9.93% Sharpe Ratio##: 0.49 Beta: 0.96 Portfolio Turnover: 1.62 Regular 2.97 Direct 2.47 **Exit Load is NIL for units issued in Dividend Reinvestment. Note: Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Apr 25, 2000 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Dynamic Asset Allocation Fund CRISIL Balanced Fund Index # S&P BSE SENSEX ## Value of Standard Investment of ` in Birla Sun Life Dynamic Asset Allocation Fund CRISIL Balanced Fund Index # S&P BSE SENSEX ## 8.90 N/A N/A SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) CRISIL Balanced Fund Index returns# (CAGR) NA S&P BSE SENSEX returns## (CAGR) Date of First Installment: May 01, 2000 & Scheme Inception Date: April 25, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 10. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers.. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Eicher Motors Ltd 3.73% Reliance Industries Ltd 2.76% Dalmia Bharat Ltd 3.13% Sanofi India Ltd 2.64% Infosys Ltd 3.11% ICICI Bank Ltd 2.63% Repco Home Finance Ltd 3.05% HDFC Bank Ltd 2.40% Bajaj Finance Ltd 3.02% Axis Bank Ltd 2.26% 33

37 Life International Equity Fund - Plan A A fund that provides an opportunity to grow your money by investing in worldclass companies across the globe. Wealth Creation Solutions Fund Manager: Mr. Vineet Maloo Managing Fund Since: Since Inception Total Experience: 11 years Date of Allotment: October 31, 2007 Type of Scheme: An Open-ended Diversified Equity Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P Global 1200 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption / switch-out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switchout of units after 365 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Portfolio Turnover: 0.35 Regular 2.95 Direct 2.46 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Oct 31, 2007 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Birla Sun Life International Equity Fund - Plan A S&P Global 1200 # Nifty 50 ## Value of Standard Investment of ` in Life International Equity Fund - Plan A S&P Global 1200 # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P Global 1200 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: November 01, 2007 & Scheme Inception Date: October 31, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets McKesson Corp. 4.94% Apple Inc. 3.01% Aetna Inc New 4.71% KONINKLIJKE AHOLD NV 2.97% Valero Energy Corporation Ltd 3.87% Delta Air Lines Inc 2.93% THE BOEING CO 3.48% Fedex Corp 2.90% AXA SA 3.25% CLP Holdings Ltd 2.75% 34

38 Life International Equity Fund - Plan B A fund that provides an opportunity to grow your money by investing in worldclass companies across the globe, with at least 65% exposure to domestic markets. Wealth Creation Solutions Fund Manager: Mr. Vineet Maloo Managing Fund Since: Since Inception Total Experience: 11 years Date of Allotment: October 31, 2007 Type of Scheme: An Open-ended Diversified Equity Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Customised Index A customized benchmark created using S&P BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio. Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: 1% if redeemed /switched out within 365 days from the date of allotment. if redeemed /switched after 365 days from the date of allotment. **Exit Load is NIL for units issued in Dividend Reinvestment. Portfolio Turnover: 0.65 Regular 2.96 Direct 2.40 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Oct 31, 2007 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Birla Sun Life International Equity Fund - Plan B Customised Index # Nifty 50 ## Value of Standard Investment of ` in Life International Equity Fund - Plan B Customised Index # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Customised Index returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: November 01, 2007 & Scheme Inception Date: October 31, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. A customized benchmark created using S&P BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets ICICI Bank Ltd 3.51% Axis Bank Ltd 2.47% Repco Home Finance Ltd 3.40% Indusind Bank Ltd 2.38% Infosys Ltd 3.25% Bajaj Finance Ltd 2.36% HDFC Bank Ltd 2.76% Eicher Motors Ltd 2.32% ITC Ltd 2.57% Cummins India Ltd 2.02% 35

39 Life Commodity Equities Fund - Global Agri Plan (GAP) A Fund that provides exposure to commodities, by investing in handpicked commodity companies worldwide, that have business exposure to Agricultural commodities. Wealth Creation Solutions Fund Manager: Mr. Milind Bafna Managing Fund Since: August 26, 2015 Total Experience: 15 years Date of Allotment: November 07, 2008 Type of Scheme: An Open-ended Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P Global Agribusiness Index Monthly Average AUM: ` 9.06 Crores AUM as on last day: ` 8.81 Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: Portfolio Turnover: 0.03 Regular 1.78 Direct % of applicable NAV For redemption/switch out of units after 365 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - Global Agri Plan - - NAV as on December 31, 2015: ` Date of Inception: Nov 07, 2008 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Commodity Equities Fund - Global Agri Plan - Regular S&P Global Nifty 50 ## Agribusiness Index # Value of Standard Investment of ` in Life Commodity Equities Fund - Global Agri Plan - Regular S&P Global Agribusiness Index # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P Global Agribusiness Index returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: December 01, 2008 & Scheme Inception Date: November 07, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets TYSON FOODS INC 10.25% ARCHER-DANIELS-MIDLAND CO 7.17% Syngenta Ltd Reg Shs 9.79% BUNGE LTD 6.55% ASSOCIATED BRITISH FOODS PLC 9.21% BRF SA 5.52% Monsanto Co 8.91% AGRIUM ORD 4.33% Deere And Co Ltd 7.85% Kubota Corp 4.12% 36

40 Life Global Commodities Fund (erstwhile ING Global Commodities Fund. Name changed w.e.f October 11, 2014) Wealth Creation Solutions An open ended fund-of-funds Scheme that invests in global funds that primarily invest in commodity securities. It aims to provide long term capital growth. Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: December 15, 2014 Total Experience: 14 years Date of Allotment: September 17, 2008 Type of Scheme: An Open-ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: - Benchmark: Monthly Average AUM: ` 2.08 Crores AUM as on last day: ` 2.07 Crores 40% Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR terms Exit Load**: For redemption/ switch-out of units on or before 365 days from the date of allotment: 1% of applicable Regular 0.85 Direct 0.74 NAV. For redemption/ switch-out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Sep 17, 2008 December 31, 2014 (Absolute) December 31, 2013 (Absolute) NAV Per Life Global Commodities Fund 40% Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR terms # S&P BSE SENSEX ## Value of Standard Investment of ` in Life Global Commodities Fund 40% Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR terms # S&P BSE SENSEX ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) % Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR terms# (CAGR) S&P BSE SENSEX ## (CAGR) Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Date of First Installment: October 01, 2008 & Scheme Inception Date: September 17, Past Performance may or may not be sustained in future. The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Top Portfolio Holdings Issuer % to net Assets Martin Currie Global Resources Fund 48.53% First State Glob Umbrella Fund Global Res Fund - I 34.68% Cash & Current Assets 16.91% Net receivables / payables -0.12% 37

41 Life Global Real Estate Fund (erstwhile ING Global Real Estate Fund. Name changed w.e.f October 11, 2014) Wealth Creation Solutions An open ended fund-of-funds Scheme that predominantly invests in ING (L) Invest Global Real Estate Fund, a global real estate fund that has flexibility to invest in real estate securities across the world. It aims to provider capital appreciation. Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: December 15, 2014 Total Experience: 14 years Date of Allotment: December 31, 2007 Type of Scheme: An Open-ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: 10/40 GPR 250 Global Net Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/ switch-out of units on or before 365 days from the date of Regular 1.92 Direct 1.46 allotment: 1% of applicable NAV. For redemption/ switch-out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Dec 31, 2007 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Global Real Estate Fund 10/40 GPR 250 Global Net Index # S&P BSE SENSEX ## Value of Standard Investment of ` in Life Global Real Estate Fund 10/40 GPR 250 Global Net Index # S&P BSE SENSEX ## 7.41 N/A N/A SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) /40 GPR 250 Global Net Index returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: January 01, 2008 & Scheme Inception Date: December 31, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Top Portfolio Holdings Issuer % to net Assets ING (L) Invest Global Real Estate - I Cap USD 97.67% Cash & Current Assets 1.22% Net receivables / payables 1.10% 38

42 Life Latin America Equity Fund (erstwhile ING Latin America Equity Fund. Name changed w.e.f October 11, 2014) Wealth Creation Solutions An open ended fund-of-funds Scheme that invests predominantly in ING (L) Invest Latin America Fund, a global fund that has exposure to equity securities across the latin american region. It aims to provide long term capital appreciation. Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: December 15, 2014 Total Experience: 14 years Date of Allotment: August 7, 2008 Type of Scheme: An Open-ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : 6.85 Dividend: 6.85 : 6.95 Dividend: 6.95 Benchmark: MSCI EM Latin America 10/40 ND Index Monthly Average AUM: ` 2.59 Crores AUM as on last day: ` 2.50 Crores Exit Load**: For redemption/ switch-out of units on or before 365 days from the date of allotment: 1% of applicable Regular 1.90 Direct 1.46 NAV. For redemption/ switch-out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` 6.85 Date of Inception: Aug 7,2008 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Latin America Equity Fund MSCI EM Latin America 10/40ND Index # S&P BSE SENSEX ## Value of Standard Investment of ` in Life Latin America Equity Fund MSCI EM Latin America 10/40ND Index # S&P BSE SENSEX ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) MSCI EM Latin America 10/40ND Index # (CAGR) S&P BSE SENSEX## (CAGR) Date of First Installment: September 01, 2008 & Scheme Inception Date: August 7, 2008 Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Top Portfolio Holdings Issuer % to net Assets ING (L) INV Latin America I Cap 89.60% Cash & Current Assets 10.82% Net receivables / payables -0.42% 39

43 Life Index Fund Wealth Creation Solutions A fund that is designed to mirror the market performance of the 50 companies in the Nifty Index. Fund Manager: Mr. Ajay Garg Managing Fund Since: October 01, 2006 Total Experience: 22 years Date of Allotment: September 18, 2002 Type of Scheme: An Open-ended Index Linked Scheme : Dividend: Benchmark: Nifty 50 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Standard Deviation: 13.43% Sharpe Ratio##: 0.26 Beta: 0.96 Portfolio Turnover: 5.20 Regular 0.80 Direct 0.50 Tracking Error: 0.59% SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Tracking Ratio for BSL Index Fund is computed based on Nifty TR Index Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Sept 18, 2002 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Index Fund Nifty 50 # S&P BSE SENSEX ## Value of Standard Investment of ` in Life Index Fund Nifty 50 # S&P BSE SENSEX ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty 50 returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: October 01, 2002, & Scheme Inception Date: September 18, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Nifty Index 25.53% Reliance Industries Ltd 4.37% Infosys Ltd 5.77% ICICI Bank Ltd 3.96% HDFC Bank Ltd 5.52% Tata Consultancy Services Ltd 3.27% Housing Development Finance Corporation Ltd 5.19% Larsen & Toubro Ltd 2.73% ITC Ltd 4.79% Sun Pharmaceuticals Industries Ltd 2.34% 40

44 Life Gold ETF Wealth Creation Solutions An ETF that invests in physical gold of 99.5% purity to generate returns in line with performance of gold, subject to tracking errors. Fund Manager: Mr. Prasad Dhonde Managing Fund Since: October 03, 2012 Total Experience: 16 years Date of Allotment: May 13, 2011 Type of Scheme: An Open ended Gold Exchange Traded Fund SIP: Monthly: Minimum ` 1,000/- NAV : Benchmark: Domestic price of physical gold Monthly Average AUM: ` Crores AUM as on last day: ` Crores Load Structure (as % of NAV) Exit Load**(Including fractional units, if any): ; ++ The units of the scheme are compulsorily traded in dematerialized form, and hence, there shall be no entry/exit load for the units purchased or sold through stock exchanges. However,the investor shall have to bear costs in form of bid/ask spread and brokerage or such Standard Deviation: 19.85% Sharpe Ratio##: Beta: 0.98 Regular 1.01 Tracking Error: 8.36% other cost as charged by his broker for transacting in units of the scheme through secondary market. **Exit Load is NIL for units issued in Dividend Reinvestment. Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance NAV as on December 31, 2015: ` Date of Inception: May 13, 2011 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Gold ETF Domestic price of physical gold # Value of Standard Investment of ` in Life Gold ETF Domestic price of physical gold # Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Prasad Dhonde is 22. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. Top Portfolio Holdings Issuer % to net Assets Gold 99.53% Cash & Current Assets 0.33% Net receivables / payables 0.14% 41

45 Life Gold Fund Wealth Creation Solutions An open ended fund of fund scheme that predominantly invests in units of Life Gold ETF (underlying scheme) and one doesn t require a Demat Account to invest in it. Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: December 15, 2014 Total Experience: 14 years Date of Allotment: March 20, 2012 Type of Scheme: An Open ended Fund of Fund Scheme : Dividend: Benchmark: Domestic price of physical gold For redemption/switch out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Standard Deviation: 21.34% Sharpe Ratio##: Beta: 1.17 Regular 0.50 Direct 0.23 Tracking Error: 8.14% Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Mar 20, 2012 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Gold Fund Domestic price of physical gold # Value of Standard Investment of ` in Life Gold Fund Domestic price of physical gold # Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. Investors should note that, Life Gold Fund being an open ended fund of fund scheme invests in Life Gold ETF which invests in physical gold of 99.5% purity and they shall bear the recurring expenses of the underlying scheme (i.e. Life Gold ETF) in addition to the recurring expenses of the Scheme. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Top Portfolio Holdings Issuer % to net Assets Life Gold ETF 98.13% Cash & Current Assets 2.07% Net receivables / payables -0.20% 42

46 Life Asset Allocation Fund - Aggressive Plan An open ended Fund-of-Funds scheme with 3 plans to help you plan your investments to suit your risk profile. Wealth Creation Solutions Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: August 26, 2015 Total Experience: 14 years Date of Allotment: February 24, 2004 Type of Scheme: An Open-ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 50 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Regular 0.02 Direct 0.02 Investment Performance - Aggressive Plan - - NAV as on December 31, 2015: ` Date of Inception: Feb 24, 2004 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life AAF - Aggressive Plan Nifty 50 # S&P BSE SENSEX ## Value of Standard Investment of ` in Life AAF - Aggressive Plan Nifty 50 # S&P BSE SENSEX ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty 50 returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: March 01, 2004 & Scheme Inception Date: February 24, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Top Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Life Advantage Fund - Gr - Dir Pl 25.09% Life Income Plus % Life Top 100 Fund % Cash & Current Assets 6.62% Life Equity Fund Direct 19.37% Net receivables / payables 0.20% Life Govt Sec. Long Term Grwth Direct 12.93% Life New Millennium Fund Gro 7.45% 43

47 Life Asset Allocation Fund - Moderate Plan An open ended Fund-of-Funds scheme with 3 plans to help you plan your investments to suit your risk profile. Wealth Creation Solutions Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: August 26, 2015 Total Experience: 14 years Date of Allotment: February 24, 2004 Type of Scheme: An Open-ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: CRISIL Balanced Fund Index Monthly Average AUM: ` 5.96 Crores AUM as on last day: ` 6.03 Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Regular 0.02 Direct 0.02 Investment Performance - Moderate Plan - - NAV as on December 31, 2015: ` Date of Inception: Feb 24, 2004 Life AAF - Moderate Plan CRISIL Balanced Fund Index # Nifty 50 ## Value of Standard Investment of ` in Life AAF - Moderate Plan CRISIL Balanced Fund Index # Nifty 50 ## December 31, 2014 (Absolute) December 31, 2013 (Absolute) Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) CRISIL Balanced Fund Index returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: March 01, 2004 & Scheme Inception Date: February 24, Past Performance may or may not be sustained in future. For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Top Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Life Govt Sec. Long Term Grwth Direct 25.02% Life New Millennium Fund Gro 6.46% Life Advantage Fund - Gr - Dir Pl 17.75% Cash & Current Assets 17.08% Life Equity Fund Direct 13.70% Net receivables / payables 0.48% Life Top 100 Fund % Life Income Plus % 44

48 Life Asset Allocation Fund - Conservative Plan An open ended Fund-of-Funds scheme with 3 plans to help you plan your investments to suit your risk profile. Wealth Creation Solutions Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: August 26, 2015 Total Experience: 14 years Date of Allotment: February 24, 2004 Type of Scheme: An Open-ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: CRISIL MIP Blended Index Monthly Average AUM: ` 2.81 Crores AUM as on last day: ` 2.78 Crores Exit Load**: Regular 0.02 Direct 0.02 **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - Conservative Plan - - NAV as on December 31, 2015: ` Date of Inception: Feb 24, 2004 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life AAF - Conservative Plan CRISIL MIP Blended Index # Nifty 50 ## Value of Standard Investment of ` in Life AAF - Conservative Plan CRISIL MIP Blended Index # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) CRISIL MIP Blended Index returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: March 01, 2004 & Scheme Inception Date: February 24, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Top Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Life Govt Sec. Long Term Grwth Direct 33.14% Life New Millennium Fund Gro 3.18% Life Income Plus % Cash & Current Assets 17.29% Life Advantage Fund - Gr - Dir Pl 9.60% Net receivables / payables -0.86% Life Equity Fund Direct 6.75% Life Top 100 Fund % 45

49 Life 5 Star Multi Manager FoF Scheme (erstwhile ING 5 Star Multi Manager FoF Scheme. Name changed w.e.f October 11, 2014) An open ended fund-of-funds Scheme that primarily invests in equity funds having diverse investment styles. These funds are selected using the BSLAMC process. It aims to provide long term capital appreciation. Wealth Creation Solutions Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: December 15, 2014 Total Experience: 14 years Date of Allotment: January 16, 2007 Type of Scheme: An Open ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: 9.85 Benchmark: Nifty 50 Monthly Average AUM: ` 1.15 Crores AUM as on last day: ` 1.16 Crores Exit Load**: For all application amounts: if redeemed on or before 365 days from the date of allotment: 1% if redeemed after 365 days from the date of allotment: NIL **Exit Load is NIL for units issued in Dividend Reinvestment. Regular 1.00 Direct 0.96 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Jan 16, 2007 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life 5 Star Multi Manager FoF Scheme Nifty 50 # S&P BSE SENSEX ## Value of Standard Investment of ` in Life 5 Star Multi Manager FoF Scheme Nifty 50 # S&P BSE SENSEX ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Nifty 50 returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: February 01, 2007 & Scheme Inception Date: January 16, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Top Portfolio Holdings Issuer % to net Assets Issuer % to net Assets SBI Blue Chip Fund % ICICI Prudential Discovery Fund Grwth 7.07% MOSt Focused Multicap 35-- Option 19.84% Cash & Current Assets 6.02% Mirae Asset India Opp'ties Fund % Net receivables / payables -1.07% Life Frontline Eq Fd - Gr % Mirae Asset Emerging Bluechip Fund - Dir Pln- Grw 9.00% 46

50 Life Asset Allocator Multi Manager FoF Scheme (erstwhile ING Asset Allocator Multi Manager FoF Scheme. Name changed w.e.f October 11, 2014) An open ended fund-of-funds Scheme that invests in equity and debt funds having diverse investment styles. These funds are selected using the BSLAMC process. It is actively managed by changing asset allocation of equity and debt categories. It aims to provide long term capital appreciation. Wealth Creation Solutions Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: December 15, 2014 Total Experience: 14 years Date of Allotment: August 17, 2006 Type of Scheme: An Open ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: CRISIL Balanced Fund Index Monthly Average AUM: ` 3.25 Crores AUM as on last day: ` 3.26 Crores Exit Load**: if redeemed on or before 365 days from the date of allotment: 1% if redeemed Regular 1.53 Direct 1.48 after 365 days from the date of allotment: NIL **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Aug 17, 2006 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Asset Allocator Multi Manager FoF Scheme CRISIL Balanced Fund Index # S&P BSE SENSEX ## Value of Standard Investment of ` in Life Asset Allocator Multi Manager FoF Scheme CRISIL Balanced Fund Index # S&P BSE SENSEX ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) CRISIL Balanced Fund Index# (CAGR) S&P BSE SENSEX## (CAGR) Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Date of First Installment: September 01, 2006 & Scheme Inception Date: August 17, Past Performance may or may not be sustained in future. The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets SBI Magnum Gilt Fund - Long Term-Dir Pl % Mirae Asset India Opp'ties Fund % MOSt Focused Multicap 35-- Option 13.51% Franklin India PRIMA FUND - Direct % IDFC Dynamic Bond Fund % Mirae Asset Emerging Bluechip Fund - Dir Pln- Grw 4.71% Life Frontline Eq Fd - Gr % ICICI Prudential Discovery Fund Grwth 4.33% SBI Blue Chip Fund % Life Cash Plus % 47

51 Life Financial Planning FOF - Aggressive Plan (erstwhile ING Financial Planning Fund - Aggressive Plan. Name changed w.e.f October 11, 2014) Wealth Creation Solutions An open ended fund-of-funds Scheme following the financial planning discipline with exposure to equity, debt and gold funds. It is suitable for investors with aggressive risk profile. It aims to provide long term capital appreciation. (Please consult your financial advisor for your risk profile) Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: December 15, 2014 Total Experience: 14 years Date of Allotment: May 09, 2011 Type of Scheme: An Open ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: 70% Nifty % CRISIL Liquid Fund index + 10% CRISIL Composite Bond Fund index + 5% INR price of Gold Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For redemption/switch out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Regular 1.40 Direct 0.65 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: May 09, 2011 December 31, 2014 (Absolute) December 31, 2013 (Absolute) NAV Per Birla Sun Life Financial Planning FOF Aggressive Plan 70% Nifty % CRISIL Liquid Fund index + 10% CRISIL Composite Bond Fund index + 5% INR price of Gold # CRISIL 10 Year Gilt Index ## S&P BSE SENSEX ## Value of Standard Investment of ` in Birla Sun Life Financial Planning FOF Aggressive Plan 70% Nifty % CRISIL Liquid Fund index + 10% CRISIL Composite Bond Fund index + 5% INR price of Gold # CRISIL 10 Year Gilt Index ## S&P BSE SENSEX ## SIP Performance - - (assuming SIP of ` per month) # Scheme Benchmark, ## Additional Benchmark, * As on Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website com The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Particulars Since Inception last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) % Nifty % CRISIL Liquid Fund index + 10% CRISIL Composite Bond Fund index + 5% INR price of Gold# (CAGR) CRISIL 10 Year Gilt Index ## (CAGR) S&P BSE SENSEX## (CAGR) Date of First Installment: June 01, 2011 & Scheme Inception Date: May 09, Past Performance may or may not be sustained in future. For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets SBI Blue Chip Fund % SBI Magnum Gilt Fund - Long Term-Dir Pl % Mirae Asset India Opp'ties Fund % IDFC Dynamic Bond Fund % MOSt Focused Multicap 35-- Option 13.92% Mirae Asset Emerging Bluechip Fund - Dir Pln- Grw 4.82% Life Frontline Eq Fd - Gr % ICICI Prudential Discovery Fund Grwth 4.73% Life Cash Plus % Franklin India PRIMA FUND - Direct % 48

52 Life Financial Planning FOF - Conservative Plan (erstwhile ING Financial Planning Fund - Conservative Plan. Name changed w.e.f October 11, 2014) Wealth Creation Solutions An open ended fund-of-funds Scheme following the financial planning discipline with exposure to equity, debt and gold funds. It is suitable for investors with conservative risk profile. It aims to provide income through limited exposure to equity. (Please consult your financial advisor for your risk profile) Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: December 15, 2014 Total Experience: 14 years Date of Allotment: May 09, 2011 Type of Scheme: An Open ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: - Benchmark: 20% Nifty % CRISIL Liquid Fund index + 24% CRISIL Composite Bond Fund index + 12% INR price of Gold Monthly Average AUM: ` 2.73 Crores AUM as on last day: ` 2.74 Crores Exit Load**: For redemption/ switchout of units within and including 1 year from the date of allotment: 1% of Regular 1.34 Direct 0.81 applicable NAV. For redemption/ switch-out of units after 1 year from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: May 09, 2011 December 31, 2014 (Absolute) December 31, 2013 (Absolute) NAV Per Birla Sun Life Financial Planning FOF Conservative Plan 20% Nifty % CRISIL Liquid Fund index + 24% CRISIL Composite Bond Fund index + 12% INR price of Gold # CRISIL 10 Year Gilt Index ## S&P BSE SENSEX ## Value of Standard Investment of ` in Life Financial Planning FOF Conservative Plan 20% Nifty % CRISIL Liquid Fund index + 24% CRISIL Composite Bond Fund index + 12% INR price of Gold # CRISIL 10 Year Gilt Index ## S&P BSE SENSEX ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) % Nifty % CRISIL Liquid Fund index + 24% CRISIL Composite Bond Fund index + 12% INR price of Gold# (CAGR) CRISIL 10 Year Gilt Index ## (CAGR) S&P BSE SENSEX ## (CAGR) Date of First Installment: June 01, 2011 & Scheme Inception Date: May 09, Past Performance may or may not be sustained in future. # Scheme Benchmark, ## Additional Benchmark, * As on Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. start of period considered above. For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Life Cash Plus % MOSt Focused Multicap 35-- Option 4.30% IDFC Dynamic Bond Fund % Mirae Asset India Opp'ties Fund % SBI Magnum Gilt Fund - Long Term-Dir Pl % Life Frontline Eq Fd - Gr % Kotak MF Gold ETF 10.32% Franklin India PRIMA FUND - Direct % SBI Blue Chip Fund % Mirae Asset Emerging Bluechip Fund - Dir Pln- Grw 1.37% 49

53 Life Financial Planning FOF - Prudent Plan (erstwhile ING Financial Planning Fund - Prudent Plan. Name changed w.e.f October 11, 2014) Wealth Creation Solutions An open ended fund-of-funds Scheme following the financial planning discipline with exposure to equity, debt and gold funds. It is suitable for investors with prudent risk profile. It aims to provide long term capital appreciation. (Please consult your financial advisor for your risk profile) Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: December 15, 2014 Total Experience: 14 years Date of Allotment: May 09, 2011 Type of Scheme: An Open ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: 40% Nifty % CRISIL Liquid Fund index + 20% CRISIL Composite Bond Fund index + 10% INR price of Gold Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days Regular 1.44 Direct 0.91 from the date of allotment: 1.00% of applicable NAV For redemption/switch out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: May 09, 2011 December 31, 2014 (Absolute) December 31, 2013 (Absolute) NAV Per Birla Sun Life Financial Planning FOF Prudent Plan 40% Nifty % CRISIL Liquid Fund index + 20% CRISIL Composite Bond Fund index + 10% INR price of Gold # CRISIL 10 Year Gilt Index ## S&P BSE SENSEX ## Value of Standard Investment of ` in Birla Sun Life Financial Planning FOF Prudent Plan 40% Nifty % CRISIL Liquid Fund index + 20% CRISIL Composite Bond Fund index + 10% INR price of Gold # CRISIL 10 Year Gilt Index ## S&P BSE SENSEX ## # Scheme Benchmark, ## Additional Benchmark, * As on Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) % Nifty 50 Index + 30% CRISIL Liquid Fund Index +20% CRISIL Composite Bond Fund Index + 10% INR price of Gold # (CAGR) CRISIL 10 Year Gilt Index ## (CAGR) S&P BSE SENSEX ## (CAGR) Date of First Installment: June 01, 2011 & Scheme Inception Date: May 09, Past Performance may or may not be sustained in future. For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Life Cash Plus % SBI Blue Chip Fund % IDFC Dynamic Bond Fund % MOSt Focused Multicap 35-- Option 7.74% SBI Magnum Gilt Fund - Long Term-Dir Pl % Kotak MF Gold ETF 5.92% Life Frontline Eq Fd - Gr % Mirae Asset Emerging Bluechip Fund - Dir Pln- Grw 2.73% Mirae Asset India Opp'ties Fund % Franklin India PRIMA FUND - Direct % 50

54 Life Equity Savings Fund Wealth Creation Solutions Life Equity Savings Fund uses a unique combination of equity derivative strategies, arbitrage opportunities, pure equity investments, debt & money market instruments which together intends to deliver Tax Efficient with Low Volatility. Fund Manager: Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Lovelish Solanki Managing Fund Since: Since Inception, August 26, 2015 & August 26, 2015 respectively Total Experience: 16 years, 10 Years & 7 years Date of Allotment: November 28, 2014 Type of Scheme: An Open ended Equity Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: 30% S&P BSE % Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out Portfolio Turnover: 5.71 Regular 3.01 Direct 1.99 of units after 365 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Nov 28, 2014 NAV Per Birla Sun Life Equity Savings Fund 30% S&P BSE % Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund Index # CRISIL 10 Year Gilt Index ## Nifty 50 ## Value of Standard Investment of ` in Birla Sun Life Equity Savings Fund 30% S&P BSE % Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund Index # CRISIL 10 Year Gilt Index ## Nifty 50 ## SIP Performance - (assuming SIP of ` per month) Particulars Since Inception last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) % S&P BSE % Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund Index returns # (CAGR) CRISIL 10 Year Gilt Index returns## (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: December 01, 2014 & Scheme Inception Date: November 28, Past Performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Satyabrata Mohanty is 10. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Mr. Lovelish Solanki is 3. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 14.70% SOV Sun Pharmaceuticals Industries Ltd 1.08% Repco Home Finance Ltd 1.95% Berger Paints (I) Ltd 1.03% Eicher Motors Ltd 1.67% Tata Motors Ltd 0.91% Natco Pharma Ltd 1.47% Wabco India Ltd 0.87% Yes Bank Ltd 1.21% Axis Bank Ltd 0.86% 51

55 Tax Savings Solutions What are Tax Savings Solutions? Our Tax Savings Solutions help to reduce your tax burden and at the same time, aim to grow your money through equity investments. Who can benefit from Tax Savings Solutions? Tax saving is important, especially when investors can save up to ` 51,912 in taxes! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing the taxable income by up to ` 1.5 lakh. But, wealth creation is also important. Isn t it? That s why this solution is ideal for investors who would like to create wealth along with tax saving. Tax savings of ` 51,912 is calculated assuming qualifying amount of deduction is ` 1.5 lakh & investor falls in the top income tax slab of % & includes applicable cess & surcharge. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. Further, Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. The rates are applicable for the financial year Benefits of Tax Savings Solutions: Low lock-in period: Your money is locked-in for just 3 years, as against the much longer lock-in periods in other options. Potential to earn dividends: While your money is locked-in for 3 years, you may opt for the dividend option and can receive returns in the form of tax-free dividends during this time. This feature is unique only to tax saving solutions from mutual funds. Earn market linked returns: Since investments are made in stocks of Indian companies, the value of your investment moves with the stock market. Although it comes with market related risks, your money is diversified i.e. spread out across stocks of multiple companies and is being monitored by an investment expert with an aim to minimize such risks. Tax-free returns: When you withdraw your investment after 3 years, the returns are totally tax free. Yes, you save taxes on both, your initial investment and also on the returns. Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. The Financial Solution (Savings Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 52

56 Tax Reckoner Snapshot of Tax rates specific to Mutual Funds Tax Implication on Dividend received by Unitholders. Individual/ HUF Domestic Company NRI Dividend Equity oriented schemes Debt oriented schemes Tax on Distributed Income- SC changed from 10% to 12% So effective rate will be as follows** Equity oriented schemes* Money market and Liquid schemes 25% + 12% Surcharge + 3% Cess 30% + 12% Surcharge + 3% Cess 25% + 12% Surcharge + 3% Cess = 28.84% = % = 28.84% Debt schemes 25% + 12% Surcharge + 3% Cess 30% +12% Surcharge + 3% Cess 25% + 12% Surcharge + 3% Cess (other than Infrastructure Debt Fund) = 28.84% = % = 28.84% Infra Debt fund 25% + 12% Surcharge + 3% Cess 30% + 12% Surcharge + 3% Cess 5% + 12% Surcharge + 3% Cess = 28.84% = % = 5.768% * Securities transaction tax (STT) will be deducted on equity funds at the time of redemption/ switch to the other schemes/ sale of units. ** The Finance (No. 2) Bill, 2014 proposes that for the purpose of determining the tax payable, the amount of distributed income be increased to such amount as would, after reduction of tax from such increased amount, be equal to the income distributed by the Mutual Fund. The proposed change is effective from 1 October Capital Gains Taxation Individual/ HUF Domestic NRI / # Equity Oriented Schemes Long Term Capital Gains (units held for more than 12 months) Short Term Capital Gains (units held for 12 months or less) Long Term Capital Gains Short Term Capital Gains 15% 15% 15% Other Than Equity Oriented Schemes - For the period April 1, 2014 to July 10, 2014 Long Term Capital Gains (units held for more than 12 months) Short Term Capital Gains (units held for 12 months or less) Long Term Capital Gains 20% + 10% 20% + 10% Listed - 20% or 10% whichever is low whichever is low whichever is low Unlisted - 10% Short Term Capital Gains 30%^ 30% 30%^ Other Than Equity Oriented Schemes - For the period July 11, 2014 onwards Long Term Capital Gains (units held for more than 36 months) Short Term Capital Gains (units held for 36 months or less) Long Term Capital Gains 20%^ 20% Listed - 20% Unlisted - 10% Short Term Capital Gains 30%^ 30% 30%^ Tax Deducted at Source (Applicable only to NRI Investors) Short term capital gains Long term capital gains Equity oriented schemes 15% Other than equity oriented schemes 30% 10% (for unlisted) & - 20% (for listed) Surcharge at 12% to be levied in case of individual/ HUF unit holders where their income exceeds ` 1 Surcharge at 7% to be levied for domestic corporate unit holders where the income exceeds ` 1 crore but less than 10 crores and at 12%, where income exceeds ` 10 crores. # Short term/long term capital gain tax will be deducted at the time of redemption of units in case of NRI investors only. After providing indexation. # Without indexation ^ Assuming the investor falls into highest tax bracket. Education Cess at the rate 3% will continue to apply on tax plus surcharge Dividend Stripping: The loss due to sale of units in the schemes (where dividend is tax free) will not be available for set off to the extent of the tax free dividend declared; if units are:(a) bought within three months prior to the record date fixed for dividend declaration; and (B) sold within nine months after the record date fixed for dividend declaration. Bonus Stripping: The loss due to sale of original units in the schemes, where bonus units are issued, will not be available for set off; if original units are: (A) bought within three months prior to the record date fixed for allotment of bonus units; and (B) sold within nine months after the record date fixed for allotment of bonus units. However, the amount of loss so ignored shall be deemed to be the cost of purchase or acquisition of such unsold bonus units.

57 1. Income Tax Rates For Individual, Hindu Undivided Family, Association of Persons, Body of Individuals and Artificial juridical persons. Total Income Tax Rates Up to ` 2,50,000 (a)(b)(d) (a) In the case of a resident individual of the age of 60 years or above but below 80 years, the basic exemption limit is `3,00,000. (b) In the case of a resident individual of the age of 80 years or above, the basic exemption limit is `5,00,000. (c) 12% is applicable on income exceeding ` 1 Crore; marginal relief for such person is available. (d) Education cess is 3% on income tax plus surcharge. 2. Securities Transaction Tax (STT) STT is levied on the value of taxable securities transactions as under: Transaction Rates Payable By Purchase/Sale of equity shares 0.1% Purchaser/ Seller Purchase of units of equity oriented Purchaser mutual fund (delivery based) Sale of units of equity oriented 0.001% Seller mutual fund (delivery based) Sale of equity shares, units of equity oriented 0.025% Seller mutual fund (non-delivery based) Sale of an option in securities 0.017% Seller Sale of an option in securities, 0.125% Purchaser where option is exercised Sale of a future in securities 0.010% Seller Sale of unit of an equity oriented scheme 0.001% Seller to the Mutual Fund 3. Special rates for non-residents (1) The following incomes in the case of non-resident are taxed at special rates on gross basis: Transaction Rates Dividend (b) 20% Interested received on loans given in foriegn currency 20% to Indian concern or Government of India Income received in respect of units purchased in 20% foreign currency of specifies Mutual Funds / UTI Royalty or fees for technical services 10% Interest income from a notified Infrastructure Debt Fund 5% Interest on FCCB, FCEB / Dividend on GDRs (b) 10% (a) These rate will further increase by applicable surcharge and education cess. (b) Other than dividends on which DDT has been paid. (c) In case the non-resident has a Permanent Establisment(PE) in India and the royalty/fees for technical services paid is effectively connected with such PE, the same could be taxed at 40%(plus applicable surcharge and education cess) on net basis. (2) Tax on non-resident sportsmen or sports association on specified 20% plus applicable surcharge and education cess. NIL ` 2,50,001 to ` 5,00,000 (d) 10% ` 5,00,001 to ` 10,00,000 (d) 20% ` 10,00,001 and above (c)(d) 30% 4. Capital Gains Transaction Short Term Long Term Capital Gains (a) Capital Gains (a)(b) Sale transactions of equity 15% shares / units of an equity oriented fund which attract STT Sale transaction other than units mentioned above: Individuals (resident and Progressive non-resident) slab rates Partnerships (resident and 30% 20% / 10% non-resident) Resident companies 30% Overseas financial 40% (corporate) organisations specified 30% non 10% in section 115AB corporate) FIIs 30% 10% Other Foreign companies 40% 20% / 10% Local authority 30% 20% / 10% Co-operative society rates Progressive slab (a) These rates will further increase by surcharge, as applicable & education cess. (b) Indexation benefit, as applicable. 5. Personal Tax Scenarios (Amount in Rupees) Individual Income Level 500,000 5,000,000 11,000,000 Tax in FY ,750 1,364,750 3,540,625 Tax in FY ,750 1,364,750 3,605,000 Effective Tax Savings NA NA NA Effective Tax Savings NA NA NA Additional Tax Burden NA NA 64,375 Additional Tax Burden NA NA 1.82% Resident senior citizen (age of 60 years but Income Level below 80 years) 500,000 5,000,000 11,000,000 Tax in FY ,600 1,359,600 3,534,960 Tax in FY ,600 1,359,600 3,599,232 Effective Tax Savings NA NA NA Effective Tax Savings NA NA NA Additional Tax Burden NA NA 64,272 Additional Tax Burden NA NA 1.82% Resident very senior Income Level citizen Income Level at the age of 80 years and above 500,000 5,000,000 11,000,000 Tax in FY ,339,000 3,512,300 Tax in FY ,339,000 3,576,160 Effective Tax Savings NA NA NA Effective Tax Savings NA NA NA Additional Tax Burden NA NA 63,860 Additional Tax Burden NA NA 1.82% Marginal relief as applicable would be available. The tax rates mentioned above are those provided in the Income tax Act, 1961 and amended as per Finance Act, 2015, applicable for the financial year relevant to assessment year In the event of any change, we do not assume any responsibility to update the tax rates consequent to such changes. The tax rates mentioned above may not be exhaustive rates applicable to all types of assesses /taxpayers. The tax rates mentioned above are only intended to provide general information and are neither designed nor intended to be a substitute for professional tax advice. Applicability of the tax rates would depend upon nature of the transaction, the tax consequences thereon and the tax laws in force at the relevant point in time. Therefore, users are advised that before making any decision or taking any action that might affect their finances or business, they should take professional advice. A non-resident tax payer has an option to be governed by the provisions of the Income tax Act, 1961 or the provisions of the relevant DTAA, whichever is more beneficial. As per the provisions of the Income tax Act, 1961, submission of tax residency certificate ("TRC") along with Form No. 10F will be necessary for granting DTAA benefits to non-residents. A taxpayer claiming DTAA benefit shall furnish a TRC of his residence obtained by him from the Government of that country or specified territory. Further, in addition to the TRC, the non-resident may be required to provide such other documents and information subsequently, as may be prescribed by the Indian Tax Authorities. Disclaimer: The information set out above is included for general information purposes only and does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the Scheme. Income Tax benefits to the mutual fund & to the unit holder is in accordance with the prevailing tax laws as certified by the mutual funds tax consultant. Any action taken by you on the basis of the information contained herein is your responsibility alone. Life Mutual Fund will not be liable in any manner for the consequences of such action taken by you. The information contained herein is not intended as an offer or solicitation for the purchase and sales of any schemes of Life Mutual Fund. Mutual Fund: Life Mutual Fund. Asset Management Company / Investment Manager: Life Asset Management Company Ltd. CIN: U65991MH1994PLC Registered Office: One Indiabulls Centre, Tower - 1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

58 Life Tax Relief 96 Tax Savings Solutions A fund that provides an opportunity to save tax while growing your money through Equity investments. Fund Manager: Mr. Ajay Garg NAV of Plans / Options Managing Fund Since: October 01, 2006 Total Experience: 22 years (w.e.f. 06/03/08): Date of Allotment: March 29, 1996 Dividend: Type of Scheme: An Open-ended ELSS Scheme with a lock - in of 3 : years from the date of Dividend: allotment. Benchmark: S&P BSE 200 ` 500 (plus in multiplies of ` 1) Monthly Average AUM: ` Crores ` 500 (plus in multiplies of ` 1) AUM as on last day: ` Crores SIP: Monthly: Minimum ` 500/-. Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Exit Load: Standard Deviation: 14.90% Sharpe Ratio##: 0.78 Beta: 0.96 Portfolio Turnover: 0.10 Regular 2.42 Direct 1.57 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Mar 06, 2008 Life Tax Relief 96 S&P BSE 200 # Nifty 50 ## Value of Standard Investment of ` in Life Tax Relief 96 S&P BSE 200 # Nifty 50 ## December 31, 2014 (Absolute) December 31, 2013 (Absolute) SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P BSE 200 returns# (CAGR) Nifty 50 returns## (CAGR) Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Date of First Installment: April 01, 2008 & Scheme Inception Date: March 06, Past Performance may or may not be sustained in future. The Dividend Reinvestment Facility under the scheme have been discontinued w.e.f. February 12, Please refer addendum no. 07/2015 dated February 09, 2015 for further details. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Sundaram Clayton Ltd 6.63% MRF Ltd 3.55% Honeywell Automation India Ltd 5.75% Jet Airways (India) Ltd 3.52% ICRA Ltd 4.85% Zee Entertainment Enterprises Ltd 3.39% Bayer CropScience Ltd 4.47% Pfizer Ltd 3.20% Kotak Mahindra Bank Ltd 4.41% Reliance Industries Ltd 2.96% 55

59 Life Tax Plan Tax Savings Solutions A fund that provides an opportunity to save tax while growing your money through Equity investments. Fund Manager: Mr. Ajay Garg Managing Fund Since: October 17, 2011 Total Experience: 22 years Date of Allotment: February 16, 1999 Type of Scheme: An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment. ` 500 (plus in multiplies of ` 1) ` 500 (plus in multiplies of ` 1) SIP: Monthly: Minimum ` 500/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE SENSEX Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load: Standard Deviation: 14.33% Sharpe Ratio##: 1.01 Beta: 0.93 Portfolio Turnover: 0.08 Regular 3.01 Direct 2.01 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ##. Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Feb 16, 1999 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Tax Plan S&P BSE SENSEX # Nifty 50 ## Value of Standard Investment of ` in Life Tax Plan S&P BSE SENSEX # Nifty 50 ## SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) S&P BSE SENSEX returns# (CAGR) Nifty 50 returns## (CAGR) Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. Date of First Installment: March 01, 1999 & Scheme Inception Date: February 16, Past Performance may or may not be sustained in future. The Dividend Reinvestment Facility under the scheme have been discontinued w.e.f. February 12, Please refer addendum no. 07/2015 dated February 09, 2015 for further details. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Sundaram Clayton Ltd 6.51% MRF Ltd 3.47% Honeywell Automation India Ltd 5.56% Jet Airways (India) Ltd 3.44% ICRA Ltd 4.70% Zee Entertainment Enterprises Ltd 3.32% Bayer CropScience Ltd 4.37% Pfizer Ltd 3.09% Kotak Mahindra Bank Ltd 4.32% Reliance Industries Ltd 2.90% 56

60 Life Tax Savings Fund (erstwhile ING Tax Savings Fund. Name changed w.e.f October 11, 2014) Tax Savings Solutions A fund that provides an opportunity to save tax and aims to create wealth through Equity investments. Fund Manager: Mr. Ajay Garg Managing Fund Since: October 11, 2014 Total Experience: 22 years Date of Allotment: March 28, 2004 Type of Scheme: An Open-ended Equity Linked Savings Scheme NAV of Plans / Options : Dividend: Bonus: : Dividend: Bonus: NA as the scheme does not accept fresh subscriptions / Switch-in NA as the scheme does not accept fresh subscriptions / Switch-in Benchmark: S&P BSE 100 Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load: Standard Deviation: 14.11% Sharpe Ratio##: 0.79 Beta: 0.93 Portfolio Turnover: 0.10 Regular 3.00 Direct 2.70 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 7.03% (FBIL Overnight MIBOR for 31st Dec 2015) for calculating Sharpe Ratio Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Mar 28, 2004 Life Tax Savings Fund S&P BSE 100 # S&P BSE SENSEX ## Value of Standard Investment of ` in Life Tax Savings Fund S&P BSE 100 # S&P BSE SENSEX ## December 31, 2014 (Absolute) December 31, 2013 (Absolute) SIP Performance - - (assuming SIP of ` per month) Particulars Since Inception last 5 years last 3 years last 1 year Total Amount Invested Market Value of amount Invested Scheme Returns (CAGR) Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).where Benchmark returns are not available, they have not been shown. S&P BSE 100 # (CAGR) S&P BSE SENSEX ## (CAGR) Date of First Installment: April 01, 2004 & Scheme Inception Date: March 28, Past Performance may or may not be sustained in future. Top Ten Portfolio Holdings Issuer % to net Assets Issuer % to net Assets Sundaram Clayton Ltd 6.61% MRF Ltd 3.53% Honeywell Automation India Ltd 5.66% Jet Airways (India) Ltd 3.50% ICRA Ltd 4.79% Zee Entertainment Enterprises Ltd 3.39% Bayer CropScience Ltd 4.45% Pfizer Ltd 3.15% Kotak Mahindra Bank Ltd 4.40% Reliance Industries Ltd 2.95% 57

61 Regular Income Solutions What are Regular Income Solutions? Our Regular Income Solutions aim to preserve your money and provide regular income. Who can benefit from Regular Income Solutions? This is an ideal solutions for investors who are interested in alternative modes of regular income, either in present of after retirement stage, and have low propensity for risk. (Regular income is not assured & is subject to availability of distributable surplus.) Benefits of Regular Income Solutions: They aim to preserve your money & provide regular income: These schemes generally invest in instruments like bonds of reputed Indian companies and securities (bonds) issued by the Government of India which are considered relatively safe in order to generate regular income for you. They aim to fight Inflation: A small part is invested in equity i.e. stocks of Indian companies to help you stay ahead of inflation. Tax-efficient Returns: You may opt for a monthly dividend option where, in addition to the growth of your invested amount, a portion of the same comes to you as monthly income which is given in the form of dividends. These dividends are completely tax-free in your hands! A dividend distribution tax of % is applicable and is deducted by the fund house. The DDT rate of % is effective June 01, 2013 and further, upto May 31, 2013 DDT rate applicable shall be % as amended by Finance Bill/Act Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax benefits Wherever mentioned, Regular Income / Second Income / Monthly Dividend is not assured and is subject to availability of distributable surplus. The Financial Solution (Regular Income Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 58

62 Life Monthly Income (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.) Regular Income Solutions A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets. Fund Manager: Mr. Vineet Maloo & Mr. Pranay Sinha Managing Fund Since: August 26, 2015 Total Experience: 11 years & 10 years Date of Allotment: July 14, 1999 Type of Scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Monthly Dividend: Quarterly Dividend: : Monthly Dividend: Quarterly Dividend: Benchmark: CRISIL MIP Blended Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV. For redemption/switch out of units after 540 days Modified Duration: 5.82 years Average Maturity: 9.72 years Yield to Maturity: 8.44% (for Debt Component) Portfolio Turnover: 1.81 (for Equity Component) Regular 2.52 Direct 1.80 from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: July 14, 1999 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Monthly Income CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Birla Sun Life Monthly Income CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A Rating Profile of Portfolio 12.79% 5.17% Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 17. Total Schemes managed by Mr. Pranay Sinha is 6. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website % 51.88% 15.15% Sovereign Equity Cash & Current Assets AAA Below AA Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 51.05% SOV Eicher Motors Ltd 1.32% Power Finance Corporation Ltd 13.55% CRISIL AAA Bajaj Finance Ltd 1.08% IDBI Bank Ltd 12.79% CRISIL AA- V-Mart Retail Limited 0.98% Repco Home Finance Ltd 2.55% HDFC Bank Ltd 0.84% Power Grid Corporation of India Ltd 1.60% CRISIL AAA State Government Securities 0.83% SOV 59

63 Life MIP (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.) Regular Income Solutions A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets. Fund Manager: Mr. Vineet Maloo & Mr. Pranay Sinha Managing Fund Since: August 26, 2015 Total Experience: 11 years & 10 years Date of Allotment: November 20, 2000 Type of Scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Monthly Dividend: : Monthly Dividend: Benchmark: CRISIL MIP Blended Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 1095 days from the date of allotment: 1.00% of the applicable NAV. For redemption/switch out of units after 1095 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 6.16 years Average Maturity: years Yield to Maturity: 8.28% (for Debt Component) Portfolio Turnover: 1.23 (for Equity Component) Regular 2.72 Direct 2.05 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Nov 20, 2000 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life MIP CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Life MIP CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A Rating Profile of Portfolio 6.63% 5.79% Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 17. Total Schemes managed by Mr. Pranay Sinha is 6. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, % 7.62% 57.39% 15.12% Sovereign Below AA AA Equity AAA Cash & Current Assets Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 52.28% SOV Bajaj Finance Ltd 0.98% IDBI Bank Ltd 14.25% CRISIL AA+,CRISIL AA- HDFC Bank Ltd 0.93% Power Finance Corporation Ltd 7.43% CRISIL AAA Eicher Motors Ltd 0.93% State Government Securities 5.12% SOV V-Mart Retail Limited 0.89% Repco Home Finance Ltd 1.19% Kewal Kiran Clothing Ltd 0.82% 60

64 Life MIP II - Wealth 25 Plan (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.) Regular Income Solutions A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets. Fund Manager: Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Vineet Maloo Managing Fund Since: June 18, 2009, August 26, 2015 & August 26, 2015 respectively Total Experience: 16 years, 10 years & 11 years respectively Date of Allotment: May 22, 2004 Type of Scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Monthly Dividend: : Monthly Dividend: Benchmark: CRISIL MIP Blended Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 1095 days from the date of allotment: 1.00% Modified Duration: 7.55 years Average Maturity: years Yield to Maturity: 7.95% (for Debt Component) Portfolio Turnover: 5.33 (for Equity Component) Regular 2.35 Direct 1.49 of the applicable NAV. For redemption/switch out of units after 1095 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: May 22, 2004 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life MIP II - Wealth 25 Plan CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Life MIP II - Wealth 25 Plan CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## Rating Profile of Portfolio 1.68% 0.84% 5.59% 0.48% Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Satyabrata Mohanty is 10. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, % 61.80% Sovereign Cash & Current Assets AA Equity Below AA AAA Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 57.09% SOV Repco Home Finance Ltd 1.71% State Government Securities 4.70% SOV Sun Pharmaceuticals Industries Ltd 1.33% Natco Pharma Ltd 1.98% Granules India Ltd 1.01% Yes Bank Ltd 1.96% ICRA AA+ Pune Solapur Expressway Pvt Ltd 0.94% ICRA A(SO) Eicher Motors Ltd 1.77% Berger Paints (I) Ltd 0.94% 61

65 Life MIP II - Savings 5 Plan (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.) Regular Income Solutions A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets. Fund Manager: Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Vineet Maloo Managing Fund Since: June 18, 2009, August 26, 2015 & August 26, 2015 respectively Total Experience: 16 years, 10 years & 11 years respectively Date of Allotment: May 22, 2004 Type of Scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Monthly Dividend: : Monthly Dividend: Benchmark: CRISIL MIP Blended Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV. For redemption/ switch out of units after 540 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 6.49 years Average Maturity: years Yield to Maturity: 8.31% (for Debt Component) Portfolio Turnover: 2.31 (for Equity Component) Regular 1.38 Direct 0.98 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: May 22, 2004 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life MIP II - Savings 5 Plan CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Life MIP II - Savings 5 Plan CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## Rating Profile of Portfolio 8.36% 3.41% 1.25% Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns.performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Satyabrata Mohanty is 10. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, % 14.45% 62.69% Sovereign Equity Cash & Current Assets AAA Below AA AA Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 61.14% SOV Yes Bank Ltd 1.25% ICRA AA+ Power Finance Corporation Ltd 14.45% CRISIL AAA Eicher Motors Ltd 0.81% IDBI Bank Ltd 8.36% CRISIL AA- V-Mart Retail Limited 0.68% Repco Home Finance Ltd 1.65% Bajaj Finance Ltd 0.58% State Government Securities 1.55% SOV HDFC Bank Ltd 0.56% 62

66 Savings Solutions What are Saving Solutions? Our Savings Solutions are aimed at preserving your money, providing you with liquidity and giving you tax - efficient returns. Who can benefit from Saving Solutions? This is an ideal solution for investors who have low - medium propensity for risk and high liquidity. These can be ideal for first time investors in mutual funds. Benefits of Savings Solutions: Make Inflation work in your favour: Inflation affects your returns from any investment including mutual funds. But, in case of savings solutions, you can use it to your advantage - through indexation - which can help you reduce the amount on which you have to pay tax. You can benefit from indexation, if investing for more than 1 year. Please consult your tax advisor on how to take advantage of indexation. Aim to preserve your money: These schemes generally invest in instruments like bonds of reputed Indian companies and securities (bonds) issued by the Government of India which are considered relatively safe. Aim to provide Liquidity: If you need to withdraw your money, all you have to do is submit a redemption slip and your money is normally credited to your bank account within one working day. You may also opt for an online redemption facility offered by many fund houses for added convenience. Tax-efficient returns: You can earn returns in the form of monthly / quarterly dividends etc. which are completely tax-free in your hands. A dividend distribution tax of % is applicable and is deducted by the fund house. There are various savings solutions available depending on the time period that you would like to invest for: a. 1 day to 3 months b. 3 to 6 months c. 6 months to 1 year d. 1 year + The DDT rate of % is effective June 01, 2013 and further, upto May 31, 2013 DDT rate applicable shall be % as amended by Finance Bill/Act Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax benefits The Financial Solution (Savings Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply,either the quality of any particular Scheme or guarantee any specific performance/returns.stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 63

67 Life Cash Plus Savings Solutions A fund that aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.) Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 9 years & 11 years Date of Allotment: June 16, 1997 Type of Scheme: An Open-ended Liquid Scheme NAV of Plans / Options ^ Retail Plan : Daily Dividend: Institutional Plan : Daily Dividend: Weekly Dividend: : Daily Dividend: Weekly Dividend: : Daily Dividend: Weekly Dividend: Dividend: ^The Face Value per unit of all the plans/ options under Birla Sun Life Cash Plus has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Liquid Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Load Structure (as % of NAV) Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 0.15 years Average Maturity: 0.15 years Yield to Maturity: 7.58% Regular 0.21 Direct 0.11 Investment Performance - Retail Plan - NAV as on December 31, 2015: ` Date of Inception: June 16, 1997 Life Cash Plus CRISIL Liquid Fund Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in Life Cash Plus CRISIL Liquid Fund Index # CRISIL 1 Year T-Bill Index ## N/A N/A December 31, 2014 (Absolute) December 31, 2013 (Absolute) Rating Profile of Portfolio Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Kaustubh Gupta is 95. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. These Plan/Options continue for fresh subscriptions under the scheme. is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, % 1.23% 1.19% 8.69% 80.16% AAA Sovereign Cash & Current Assets Unrated AA Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 8.69% SOV Housing Development Finance Corporation Ltd 4.00% CRISIL AAA, ICRA A1+ Corporation Bank 5.25% CRISIL A1+ Vedanta Ltd 3.46% CRISIL A1+ Kotak Mahindra Bank Ltd 5.13% CRISIL A1+ Export Import Bank of India 3.22% CRISIL A1+ Power Finance Corporation Ltd 4.78% CARE A1+, CRISIL A1+ ICICI Bank Ltd 3.21% Reliance Capital Ltd 4.59% CRISIL A1+ Indusind Bank Ltd 3.07% CRISIL A1+ 64

68 Life Cash Manager Savings Solutions A fund that aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.) Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 9 years & 11 years Date of Allotment Retail Plan: May 14, 1998 Institutional Plan: September 27, 2004 Type of Scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options ^ : Daily Dividend: Weekly Dividend: Institutional Plan : Daily Dividend: Weekly Dividend: : Daily Dividend: Weekly Dividend: ^The Face Value per unit of all the plans/ options under Life Cash Manager has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Short Term Bond Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 0.59 years Average Maturity: 0.65 years Yield to Maturity: 8.48% Regular 1.18 Direct 0.51 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: May 14, 1998 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Cash Manager CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in Life Cash Manager CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## N/A N/A Rating Profile of Portfolio 3.14% 2.84% 4.05% Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Kaustubh Gupta is 95. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. These Plan/Options continue for fresh subscriptions under the scheme. is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, % 52.49% AAA Sovereign Cash & Current Assets AA Below AA Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating TATA Realty & Infrastructure Ltd 7.55% ICRA A1+ Shriram Transport Finance Company Ltd 5.77% CARE AA+, CRISIL AA+,IND AA+ Cholamandalam Investment and Finance Company Ltd 7.19% ICRA A1+,ICRA AA GSPC Distribution Networks Ltd. 4.15% CARE AA+(SO) Indian Overseas Bank 6.27% [ICRA]A1+ Punjab & Sind Bank 3.77% ICRA A1+ Tata Capital Financial Services Ltd 5.96% CRISIL AA+ Sundaram Finance Ltd 3.57% CRISIL AA+,ICRA AA+ Indiabulls Housing Finance Ltd 5.78% CARE AAA Vijaya Bank 3.52% CARE A1+ 65

69 Life Savings Fund Savings Solutions A fund that aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.) Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 & June 20, 2014 Total Experience: 9 years & 11 years Date of Allotment Retail Plan: November 27, 2001 Institutional Plan: April 16, 2003 Type of Scheme: An Open-ended Short Term Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options ^ Retail Plan : Daily Dividend: Weekly Dividend: : Daily Dividend: Weekly Dividend: : Daily Dividend: Weekly Dividend: ^The Face Value per unit of all the plans/ options under Life Savings Fund has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Short Term Bond Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 0.71 years Average Maturity: 0.78 years Yield to Maturity: 8.53% Regular 0.55 Direct 0.40 Investment Performance - Retail Plan - NAV as on December 31, 2015: ` Date of Inception: Nov 27, 2001 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Savings Fund CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in Birla Sun Life Savings Fund CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## N/A N/A Rating Profile of Portfolio 13.53% 5.84% 0.02% -1.05% Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Kaustubh Gupta is 95. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. These Plan/Options continue for fresh subscriptions under the scheme. is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, % 66.94% AAA Sovereign Unrated AA Below AA Cash & Current Assets Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Indiabulls Housing Finance Ltd 9.53% CARE AAA Kotak Mahindra Bank Ltd 6.32% CRISIL A1+ Government of India 8.43% SOV State Government Securities 5.10% SOV Cholamandalam Investment and Finance Company Ltd Talwandi Sabo Power Ltd 7.52% 7.64% ICRA A1+,ICRA AA Religare Finvest Ltd 3.53% IND AA- CRISIL A1+(SO), CRISIL AA (SO) Tata Motors Finance Ltd 3.47% CRISIL AA,ICRA A1+ Dewan Housing Finance Corporation Ltd 7.41% CARE AAA Shriram Transport Finance Company Ltd 3.34% CRISIL AA+,IND AA+ 66

70 Life Treasury Optimizer Plan (erstwhile Life Ultra Short Term Fund) Savings Solutions A fund that aims to provide the convenience of parking your savings with an opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits) Fund Manager: Mr. Kaustubh Gupta & Mr. Prasad Dhonde Managing Fund Since: September 29, 2009 Total Experience: 9 years & 16 years Date of Allotment: April 19, 2002 Type of Scheme: An Open-ended Short Term Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options ^ Retail Plan : Monthly Dividend: Quarterly Dividend: : Monthly Dividend: Quarterly Dividend: Dividend: : Monthly Dividend: Quarterly Dividend: Dividend: ^The Face Value per unit of all the plans/ options under Ultra Short Term Fund has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Short Term Bond Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 4.06 years Average Maturity: 5.90 years Yield to Maturity: 8.43% Regular 0.60 Direct 0.30 Investment Performance - Retail Plan - NAV as on December 31, 2015: ` Date of Inception: April 19, 2002 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Treasury Optimizer Plan CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in Birla Sun Life Treasury Optimizer Plan CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 95. Total Schemes managed by Mr. Prasad Dhonde is 22. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. These Plan/Options continue for fresh subscriptions under the scheme. is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 Rating Profile of Portfolio 14.46% 4.05% 0.03% 51.22% 30.24% Sovereign AA Unrated AAA Cash & Current Assets Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 50.15% SOV SP Jammu Udhampur Highway Ltd 4.44% ICRA AAA(SO) Cholamandalam Investment and Finance Company Ltd ICRA A1+, ICRA AA 5.31% Power Finance Corporation Ltd 4.10% CRISIL AAA Indiabulls Housing Finance Ltd 5.24% CARE AAA Tata Capital Financial Services Ltd 3.39% CRISIL AA+, ICRA AA+ Shriram Transport Finance Company Ltd 4.54% CRISIL AA+, IND AA+ IOT Utkal Energy Services Limited 2.26% CRISIL AAA (SO) Reliance Jio Infocomm Limited 4.50% CRISIL AAA S.D. Corporation Pvt. Ltd 2.09% ICRA AA+(SO) 67

71 Life Dynamic Bond Fund Savings Solutions An income solution that aims to generate optimal returns through active management by capturing positive price and credit spread movements. Fund Manager: Mr. Maneesh Dangi Managing Fund Since: September 12, 2007 Total Experience: 15 years Date of Allotment: September 27, 2004 Type of Scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options ^ : Monthly Dividend: Quarterly Dividend: Dividend: : Monthly Dividend: Quarterly Dividend: Dividend: ^The dividend option under the scheme have been introduced w.e.f October Please refer addendum no 44/2014 dated October 12, 2014 for further details. Benchmark: CRISIL Short Term Bond Fund Index (w.e.f 27 May, 2013) Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: Modified Duration: 8.21 years Average Maturity: years Yield to Maturity: 8.22% Regular 1.62 Direct 0.85 For redemption / switch-out of units within 90 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Sept 27, 2004 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Dynamic Bond Fund CRISIL Short Term Bond Fund Index # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Birla Sun Life Dynamic Bond Fund CRISIL Short Term Bond Fund Index # CRISIL 10 Year Gilt Index ## Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Maneesh Dangi is 3. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 Rating Profile of Portfolio 11.24% 1.83% 1.19% 0.03% 0.93% 84.78% Sovereign Cash & Current Assets Below AA AA AAA Unrated Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 83.16% SOV Indiabulls Housing Finance Ltd 0.66% CARE AAA Tata Motors Finance Solutions Ltd 7.05% CRISIL AA Religare Finvest Ltd 0.53% IND AA- Edelweiss Commodities Services Ltd 1.80% ICRA AA ECL Finance Ltd 0.50% ICRA AA State Government Securities 1.62% SOV Bahadur Chand Investments Pvt Ltd 0.49% ICRA AA Edelweiss Finance & Investments Ltd 0.90% ICRA AA Reliance Jio Infocomm Limited 0.43% CRISIL AAA 68

72 Life Short Term Opportunities Fund A scheme that focuses on enhancing the portfolio returns by identifying and selectively investing in mispriced credit opportunities in the market. Savings Solutions Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: September 11, 2014 & July 15, 2011 Total Experience: 9 years & 11 years Date of Allotment: May 09, 2003 Type of Scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options ^ : Dividend: Quarterly Dividend: Institutional Plan : - Dividend: - : Dividend: Quarterly Dividend: ^the dividend options under the scheme have been renamed w.e.f July 02, Please refer addendum no. 28/2012 dated June 29, 2012 for further details. Benchmark: CRISIL AA Short Term Bond Fund Index (w.e.f May 27, 2013) Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption / switchout of units within 365 days from the date of allotment:1.00% of applicable NAV. For redemption /switch-out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 3.41 years Average Maturity: 5.13 years Yield to Maturity: 9.22% Regular 1.36 Direct 0.66 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: May 09, 2003 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Short Term Opportunities Fund CRISIL AA Short Term Bond Fund Index # CRISIL 1 Year T - Bill Index ## Value of Standard Investment of ` in Life Short Term Opportunities Fund CRISIL AA Short Term Bond Fund Index # CRISIL 1 Year T - Bill Index ## Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Kaustubh Gupta is 95. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. These Plan/Options continue for fresh subscriptions under the scheme. is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 Rating Profile of Portfolio 12.57% 4.38% 39.84% 16.65% 26.56% AA Below AA Cash & Current Assets Sovereign AAA Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 26.56% SOV Pune Solapur Expressway Pvt Ltd 5.08% ICRA A(SO) Tata Motors Finance Solutions Ltd 11.94% CRISIL AA Indiabulls Housing Finance Ltd 3.88% CARE AAA Cholamandalam Investment and Finance Company Ltd 9.19% ICRA AA L&T Vrindavan Properties Ltd 3.78% CARE AA+(SO) Reliance Utilities & Power Pvt Ltd 6.76% CRISIL AAA Piramal Enterprises Ltd 3.72% ICRA AA SREI Equipment Finance Ltd 6.16% CARE AA- S.D. Corporation Pvt. Ltd 3.32% ICRA AA+(SO) 69

73 Life Medium Term Plan Savings Solutions An income scheme that aims to optimize returns by identifying mispriced credit opportunities in medium term securities in the market and then selectively investing in them. Fund Manager: Mr. Maneesh Dangi Managing Fund Since: September 01, 2014 Total Experience: 15 years Date of Allotment: March 25, 2009 Type of Scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Quarterly Dividend: Half Yearly Dividend: Dividend: Institutional Plan : Quarterly Dividend: - Half Yearly Dividend: - : Quarterly Dividend: Half Yearly Dividend: Dividend: Benchmark: CRISIL AA Short Term Bond Fund Index (w.e.f May 27, 2013) Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption / switch-out of units within 365 days from the date of allotment: 2.00% of applicable NAV. Modified Duration: 3.55 years Average Maturity: 5.43 years Yield to Maturity: 10.04% Regular 1.64 Direct 1.00 For redemption / switchout of units after 365 days but before 730 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 730 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Mar 25, 2009 Life Medium Term Plan CRISIL AA Short Term Bond Fund Index # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Birla Sun Life Medium Term Plan CRISIL AA Short Term Bond Fund Index # CRISIL 10 Year Gilt Index ## December 31, 2014 (Absolute) December 31, 2013 (Absolute) Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns.total Schemes managed by Mr. Maneesh Dangi is 3. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. These Plan/Options continue for fresh subscriptions under the scheme. is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 Rating Profile of Portfolio 8.44% 2.87% 12.15% 49.10% 27.44% Below AA AA Cash & Current Assets Sovereign AAA Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 27.44% SOV Reliance Jio Infocomm Limited 6.37% CRISIL AAA RHC Holding Pvt Ltd 9.60% CARE A(SO) Adani Power Ltd 5.27% BWR AA-(SO) ECL Finance Ltd 9.11% ICRA AA Relationships Properties Pvt Ltd 4.77% CARE AA-(SO) RKN Retail Pvt. Ltd 7.95% BWR A-(SO) Pune Solapur Expressway Pvt Ltd 4.59% ICRA A(SO) IL & FS Education and Technology Services Ltd 6.91% IND AA-(SO) Hero Realty Ltd 2.62% ICRA A+(SO) 70

74 Life Short Term Fund (erstwhile Life Income Fund. Name changed w.e.f February 01, 2012) Savings Solutions A moderate income scheme that invests in diversified portfolio of debt and money market instruments of short to medium term maturity which can offer superior levels of yields at relatively lower levels of risk. Fund Manager: Mr. Prasad Dhonde Managing Fund Since: July 01, 2011 Total Experience: 16 years Date of Allotment: March 3, 1997 Type of scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: Monthly Dividend: : Dividend: Monthly Dividend: Benchmark: CRISIL Short Term Bond Fund Index (w.e.f May 27, 2013) Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 2.01 years Average Maturity: 2.46 years Yield to Maturity: 8.00% Regular 0.32 Direct 0.22 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: March 3, 1997 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Short Term Fund CRISIL Short Term Bond Fund Index # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Life Short Term Fund CRISIL Short Term Bond Fund Index # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.total Schemes managed by Mr. Prasad Dhonde is 22. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 Rating Profile of Portfolio 9.55% 6.99% -0.01% 44.09% 39.37% AAA AA Unrated Sovereign Cash & Current Assets Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 28.08% SOV Small Industries Dev Bank of India 3.15% CARE AAA State Government Securities 11.29% SOV Tata Capital Financial Services Ltd 2.81% Housing Development Finance Corporation Ltd 9.73% CRISIL AAA, ICRA A1+ CRISIL AA+, ICRA AA+ Indiabulls Housing Finance Ltd 2.57% CARE AAA IDFC Bank Ltd 4.01% ICRA AAA Nabha Power Ltd 2.17% ICRA AAA(SO) Power Finance Corporation Ltd 3.91% CRISIL AAA Export Import Bank of India 2.14% CRISIL AAA 71

75 Life Income Plus Savings Solutions A fund that invests in a combination of bonds and Government securities of varying maturities from time to time with an aim to optimize returns. Fund Manager: Mr. Prasad Dhonde Managing Fund Since: January 11, 2010 Total Experience: 16 years Date of Allotment: October 21, 1995 Type of Scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options ^ : Quarterly Dividend: Dividend: : Quarterly Dividend: Dividend: ^the dividend option under the scheme have been renamed w.e.f December 26, Please refer addendum no, 59/2014 dated December 17, 2014 for further details. Benchmark: CRISIL Composite Bond Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 9.49 years Average Maturity: years Yield to Maturity: 8.00% Regular 1.86 Direct 0.86 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Oct 21, 1995 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Income Plus CRISIL Composite Bond Fund Index # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Birla Sun Life Income Plus CRISIL Composite Bond Fund Index # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Prasad Dhonde is 22. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 Rating Profile of Portfolio 2.22% 2.06% 95.73% Sovereign Cash & Current Assets AAA Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating 8.17% GOI (MD 01/12/2044) 29.33% SOV 7.88% GOI (MD 19/03/2030) 5.00% SOV 7.59% GOI (MD 20/03/2029) 27.36% SOV India Infradebt Ltd 1.33% CRISIL AAA 8.13% GOI (MD 22/06/2045) 15.23% SOV Power Finance Corporation Ltd 0.65% CRISIL AAA 7.73% GOI (MD 19/12/2034) 11.51% SOV 8.12% GOI (MD 10/12/2020) 0.64% SOV 8.24% GOI (MD 10/11/2033) 5.90% SOV 7.72% GOI (MD 25/05/2025) 0.58% SOV 72

76 Life Floating Rate Fund - Short Term Plan A fund that provides the convenience of parking your savings with an opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.) Savings Solutions Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 9 years & 11 years Date of Allotment: June 05, 2003 Type of Scheme: An Open-ended Income Scheme NAV of Plans / Options ^ Retail Plan : Daily Dividend: Weekly Dividend: : Daily Dividend: Weekly Dividend: : Daily Dividend: Weekly Dividend: ^The Face Value per unit of all the plans/ options under Life Floating Rate Fund Short Term Plan has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Liquid Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 0.14 years Average Maturity: 0.14 years Yield to Maturity: 7.62% Regular 0.15 Direct 0.04 Investment Performance - Retail Plan - NAV as on December 31, 2015: ` Date of Inception: June 05, 2003 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Floating Rate Fund - Short Term Plan CRISIL Liquid Fund Index # CRISIL 1 Year T - Bill Index ## Value of Standard Investment of ` in Birla Sun Life Floating Rate Fund - Short Term Plan CRISIL Liquid Fund Index # CRISIL 1 Year T - Bill Index ## Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns.total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Kaustubh Gupta is 95. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. These Plan/Options continue for fresh subscriptions under the scheme. is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 Rating Profile of Portfolio 1.75% -7.00% 2.80% % AAA Sovereign AA Cash & Current Assets Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Tata Capital Financial Services Ltd 17.28% ICRA A1+ South Indian Bank Ltd 7.57% CARE A1+ Indusind Bank Ltd 10.81% CRISIL A1+ IDBI Bank Ltd 7.15% CRISIL A1+, CRISIL AA+ Mahindra & Mahindra Financial Services Ltd 8.65% CRISIL A1+ Vijaya Bank 6.47% CARE A1+ Vedanta Ltd 8.63% CRISIL A1+ STCI Finance Limited 5.37% CRISIL A1+ Reliance Jio Infocomm Limited 7.60% CARE A1+ Fedbank Financial Services Ltd 5.17% CRISIL A1+ 73

77 Life Floating Rate Fund - Long Term Plan A fund that aims to generate income by investing substantially into floating rate debt/ money market instruments. Savings Solutions Fund Manager: Mr. Prasad Dhonde & Mr. Kaustubh Gupta Managing Fund Since: July 15, 2011 & June 20, 2014 Total Experience: 16 years & 9 years Date of Allotment: June 05, 2003 Type of Scheme: An Open-ended Income Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options ^ Retail Plan : Weekly Dividend: : Daily Dividend: Weekly Dividend: : Daily Dividend: Weekly Dividend: ^The Face Value per unit of all the plans/ options under Life Floating Rate Fund Long Term Plan has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Liquid Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 0.66 years Average Maturity: 0.77 years Yield to Maturity: 8.26% Regular 0.81 Direct 0.55 Investment Performance - Retail Plan - NAV as on December 31, 2015: ` Date of Inception: June 05, 2003 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Floating Rate Fund - Long Term Plan CRISIL Liquid Fund Index # CRISIL 1 Year T - Bill Index ## Value of Standard Investment of ` in Birla Sun Life Floating Rate Fund - Long Term Plan CRISIL Liquid Fund Index # CRISIL 1 Year T - Bill Index ## Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Kaustubh Gupta is 95. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. These Plan/Options continue for fresh subscriptions under the scheme. is only for investors who purchase / subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 Rating Profile of Portfolio 8.53% 0.02% 25.68% 34.79% AAA AA Unrated 30.98% Sovereign Cash & Current Assets Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Government of India 22.68% SOV Sundaram Finance Ltd 5.57% CRISIL AA+ Small Industries Dev Bank of India 15.65% CARE AAA Bajaj Finance Ltd 5.22% ICRA AA+ Shriram Transport Finance Company Ltd 11.18% CRISIL AA+,IND AA+ Indiabulls Housing Finance Ltd 4.03% CARE AAA State Government Securities 8.29% SOV Tata Capital Financial Services Ltd 3.72% CRISIL AA+ Power Finance Corporation Ltd 6.42% CRISIL AAA Barclays Invest & Loans India Ltd 3.47% ICRA A1+ 74

78 Life Gilt Plus - PF Plan Savings Solutions A fund that aims to generate income and capital appreciation by investing exclusively in Government Securities. Fund Manager: Mr. Prasad Dhonde & Mr. Kaustubh Gupta Managing Fund Since: July 01, 2011 & June 20, 2014 Total Experience: 16 years & 9 years Date of Allotment: October 12, 1999 Type of Scheme: An Open-ended Government Securities Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Quarterly Dividend: : Quarterly Dividend: Benchmark: I-Sec LI-BEX Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption / switch-out of units within 90 days from the date of allotment: 0.50% of applicable NAV For redemption /switch-out of units after 90 days from the date of allotment:. **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 9.06 years Average Maturity: years Yield to Maturity: 7.91% Regular 1.51 Direct 0.86 Investment Performance - PF Plan - - NAV as on December 31, 2015: ` Date of Inception: Oct 12, 1999 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Gilt Plus- PF Plan I-Sec LI-BEX # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Life Gilt Plus- PF Plan I-Sec LI-BEX # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A Rating Profile of Portfolio Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Kaustubh Gupta is 95. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, % 83.73% Sovereign Cash & Current Assets Top Portfolio Holdings Issuer % to net Assets Rating 8.17% GOI (MD 01/12/2044) 39.76% SOV 8.13% GOI (MD 22/06/2045) 24.77% SOV 7.73% GOI (MD 19/12/2034) 19.20% SOV Cash & Current Assets 16.27% 75

79 Life Constant Maturity 10 Year Gilt Fund (erstwhile Life Gilt Plus. Name changed w.e.f August 06, 2015) A fund that aims to generate income and capital appreciation by investing exclusively in Government Securities. Savings Solutions Fund Manager: Mr. Prasad Dhonde & Mr. Kaustubh Gupta Managing Fund Since: July 01, 2011 & June 20, 2014 Total Experience: 16 years & 9 years Date of Allotment: October 12, 1999 Type of Scheme: An Open-ended Government Securities Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Quarterly Dividend: : Quarterly Dividend: Benchmark: I-Sec LI-BEX Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 5.98 years Average Maturity: 8.59 years Yield to Maturity: 7.70% Regular 0.50 Direct 0.15 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Oct 12, 1999 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Constant Maturity 10 Year Gilt Fund I-Sec LI-BEX # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Birla Sun Life Constant Maturity 10 Year Gilt Fund I-Sec LI-BEX # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A Rating Profile of Portfolio Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Kaustubh Gupta is 95. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, % 91.01% Sovereign Cash & Current Assets Top Portfolio Holdings Issuer % to net Assets Rating 7.72% GOI (MD 25/05/2025) 89.58% SOV 8.40% GOI (MD 28/07/2024) 1.42% SOV Cash & Current Assets 8.99% 76

80 Life Government Securities Fund - Long Term Plan A fund that aims to generate current income consistent with the portfolio invested exclusively in Government Securities. Savings Solutions Fund Manager: Mr. Prasad Dhonde & Mr. Kaustubh Gupta Managing Fund Since: October 03, 2012 & June 20, 2014 Total Experience: 16 years & 9 years Date of Allotment: October 28, 1999 Type of Scheme: An Open-ended Gilt Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options ^ : Half Yearly Dividend: Dividend: : Half Yearly Dividend: Dividend: ^ the dividend option under the scheme have been renamed w.e.f December 26, Please refer addendum no, 59/2014 dated December 17, 2014 for further details. Benchmark: I-Sec LI-BEX Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment Modified Duration: years Average Maturity: years Yield to Maturity: 8.03% Regular 1.49 Direct 0.74 Investment Performance - Long Term Plan - - NAV as on December 31, 2015: ` Date of Inception: Oct 28, 1999 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Birla Sun Life Government Securities Fund - Long Term Plan I-Sec LI- BEX # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Birla Sun Life Government Securities Fund - Long Term Plan I-Sec LI- BEX # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Kaustubh Gupta is 95. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 Rating Profile of Portfolio 1.19% Sovereign 98.81% Cash & Current Assets Top Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating 8.17% GOI (MD 01/12/2044) 50.34% SOV 8.13% GOI (MD 22/06/2045) 1.62% SOV 7.73% GOI (MD 19/12/2034) 17.28% SOV 8.60% GOI (MD 02/06/2028) 0.22% SOV 7.59% GOI (MD 20/03/2029) 15.72% SOV 8.30% GOI (MD 02/07/2040) 0.01% SOV 8.24% GOI (MD 10/11/2033) 11.96% SOV Cash & Current Assets 1.19% 8.30% GOI (MD 31/12/2042) 1.64% SOV 77

81 Life Enhanced Arbitrage Fund Savings Solutions A fund that aims to generate income by investing in equity and equity related instruments and take advantage of the price differentials or mis-pricing prevailing in a stock or index. Fund Manager: Mr. Lovelish Solanki Managing Fund Since: December 15, 2014 Total Experience: 7 years Date of Allotment: July 24, 2009 Type of Scheme: An Open-ended Equity Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: CRISIL Liquid Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 30 days from the date of allotment: 0.50% of applicable NAV For redemption/switch out of units after 30 days from the date of allotment: **Exit Load is NIL for units issued in Dividend Reinvestment. (w.e.f. August 03, 2015) Portfolio Turnover: Regular 0.92 Direct 0.32 Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: July 24, 2009 Birla Sun Life Enhanced Arbitrage Fund CRISIL Liquid Fund Index # S&P BSE SENSEX ## Value of Standard Investment of ` in Birla Sun Life Enhanced Arbitrage Fund CRISIL Liquid Fund Index # S&P BSE SENSEX ## December 31, 2014 (Absolute) Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Lovelish Solanki is 3. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 December 31, 2013 (Absolute) Top Ten Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Reliance Industries Ltd 8.99% Housing Development Finance Corporation Ltd 2.79% HDFC Bank Ltd 8.53% ITC Ltd 2.72% Axis Bank Ltd 4.31% CRISIL A1+ Sun Pharmaceuticals Industries Ltd 2.29% Aurobindo Pharma Ltd 3.85% Lupin Ltd 2.21% Axis Bank Ltd 3.06% Adani Ports and Special Economic Zone Ltd 2.19% 78

82 Life Active Debt Multi Manager FoF Scheme (erstwhile ING Active Debt Multi Manager FoF Scheme. Name changed w.e.f October 11, 2014) An open ended fund-of-funds Scheme that invests in debt funds having diverse investment styles. These funds are selected using the BSLAMC process. It is actively managed to capture duration and credit opportunities. Savings Solutions Fund Manager: Mr. Shravan Sreenivasula Managing Fund Since: December 15, 2014 Total Experience: 14 years Date of Allotment: December 29, 2006 Type of Scheme: An Open ended Fund of Funds Scheme SIP: Monthly: Minimum ` 1,000/- NAV of Plans / Options : Dividend: : Dividend: Benchmark: CRISIL Composite Bond Fund Index Monthly Average AUM: ` Crores AUM as on last day: ` Crores Exit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For redemption/switch out of units after 365 days from the date of allotment: Regular 1.19 Direct 0.69 **Exit Load is NIL for units issued in Dividend Reinvestment. Investment Performance - - NAV as on December 31, 2015: ` Date of Inception: Dec 29, 2006 December 31, 2014 (Absolute) December 31, 2013 (Absolute) Life Active Debt Multi Manager FoF Scheme CRISIL Composite Bond Fund Index # CRISIL 10 Year Gilt Index ## Value of Standard Investment of ` in Life Active Debt Multi Manager FoF Scheme CRISIL Composite Bond Fund Index # CRISIL 10 Year Gilt Index ## Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 9. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments. Top Portfolio Holdings Issuer % to net Assets Issuer % to net Assets IDFC Dynamic Bond Fund % Cash & Current Assets 1.36% ICICI Prude Gilt Fund Inv Plan PF Opt-Dir Plan-Grw 23.78% Net receivables / payables -0.50% Life Govt Sec. Long Term Grwth Direct 23.57% SBI Magnum Gilt Fund - Long Term-Dir Pl % Templeton India Govt.Sec. Fund-Long Term Direct Gr 6.20% 79

83 Portfolios To ensure that you strategically make all your investment moves, we provide you with the complete portfolio holdings of our funds. 80

84 Portfolio Wealth Creation Solutions Life Balanced 95 Fund Rating % 7.59% GOI (MD 20/03/2029) SOV 5.96% 8.13% GOI (MD 22/06/2045) SOV 4.15% HDFC Bank Ltd 3.80% Infosys Ltd 3.25% 8.17% GOI (MD 01/12/2044) SOV 2.85% ICICI Bank Ltd 2.69% Reliance Industries Ltd 2.67% 9.20% GOI (MD 30/09/2030) SOV 2.37% Sun Pharmaceuticals Industries Ltd 2.26% 7.73% GOI (MD 19/12/2034) SOV 2.12% FAG Bearings India Ltd 2.01% Axis Bank Ltd 1.90% Indusind Bank Ltd 1.82% Pune Solapur Expressway Pvt Ltd ICRA A(SO) 1.74% Tata Chemicals Ltd 1.61% Zee Entertainment Enterprises Ltd 1.56% Indian Oil Corporation Ltd 1.55% 8.24% GOI (MD 10/11/2033) SOV 1.54% Hindustan Petroleum Corporation Ltd 1.49% Jet Airways India Ltd 1.37% Sun TV Network Ltd 1.37% Tata Motors Ltd 1.32% HCL Technologies Ltd 1.32% Hero MotoCorp Ltd 1.31% IDBI Bank Ltd CRISIL AA- 1.29% Crompton Greaves Ltd 1.29% Larsen & Toubro Ltd 1.26% Dr Reddys Laboratories Ltd 1.23% Federal Bank Ltd 1.21% Maruti Suzuki India Ltd 1.20% Yes Bank Ltd 1.15% Tech Mahindra Ltd 1.12% Natco Pharma Ltd 1.04% Power Finance Corporation Ltd CRISIL AAA 1.03% Dish TV India Ltd 1.01% Pfizer Ltd 1.00% SKS Microfinance Ltd 0.96% ITC Ltd 0.94% India Infradebt Ltd CRISIL AAA 0.92% Cummins India Ltd 0.92% Finolex Cables Ltd 0.85% Grasim Industries Ltd 0.84% Muthoot Finance Ltd 0.80% Bajaj Finance Ltd 0.78% Sundaram Finance Ltd 0.75% Gujarat State Petronet Ltd 0.75% Bharat Electronics Ltd 0.74% Bank Of Baroda 0.74% Coal India Ltd 0.73% Repco Home Finance Ltd 0.72% Aurobindo Pharma Ltd 0.71% PTC India Ltd 0.66% Mangalore Refinery & Petrochemicals Ltd 0.64% Shoppers Stop Ltd 0.64% Ashoka Buildcon Ltd 0.64% Whirlpool of India Ltd 0.62% NIFTY_28/01/ % Kotak Mahindra Bank Ltd 0.57% Jagran Prakashan Ltd 0.55% Bayer Cropscience Ltd 0.55% MRF Ltd 0.55% LIC Housing Finance Ltd 0.53% Hindustan Zinc Ltd 0.51% Tata Communications Ltd 0.46% Colgate Palmolive India Ltd 0.42% Raymond Ltd 0.42% Edelweiss Financial Services Ltd 0.42% Berger Paints India Ltd 0.42% Cyient Limited 0.38% Eicher Motors Ltd 0.36% 8.27% Karnataka SDL(MD 23/12/2025) SOV 0.35% Inox Wind Ltd 0.34% Glaxosmithkline Consumer Healthcare Ltd 0.34% Orient Cement Ltd 0.31% Housing Development Finance Corporation Ltd 0.31% Procter & Gamble Hygiene and Health Care Ltd 0.31% Divis Laboratories Ltd 0.30% Ambuja Cements Ltd 0.30% Bata India Ltd 0.30% Persistent Systems Ltd 0.30% 8.26% Maharashtra SDL(MD 23/12/2025) SOV 0.28% Kaveri Seed Company Ltd 0.24% Bosch Ltd 0.23% 8.40% GOI (MD 28/07/2024) SOV 0.22% 7.72% GOI (MD 25/05/2025) SOV 0.22% 7.88% GOI (MD 19/03/2030) SOV 0.22% Petronet LNG Ltd 0.21% Tata Motors Ltd DVR Shares 0.20% NCC Ltd 0.18% Titan Company Limited 0.18% Voltas Ltd 0.18% Coffee Day Enterprises Limited 0.14% Gail (India) Ltd 0.09% Blue Star Ltd 0.06% Hexaware Technologies Ltd 0.05% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.02% Globsyn Technologies Ltd 0.00% Brillio Technologies Pvt Ltd 0.00% Magnasound (I) Ltd 0.00% Cash & Current Assets 4.18% Total % Life Frontline Equity Fund Rating % HDFC Bank Ltd 6.80% Infosys Ltd 5.12% Reliance Industries Ltd 4.32% ITC Ltd 3.59% ICICI Bank Ltd 3.57% Larsen & Toubro Ltd 3.29% Indusind Bank Ltd 3.01% Sun Pharmaceuticals Industries Ltd 2.76% Axis Bank Ltd 2.72% Tech Mahindra Ltd 2.48% HCL Technologies Ltd 2.42% Grasim Industries Ltd 2.13% Maruti Suzuki India Ltd 2.12% Crompton Greaves Ltd 2.02% Dr Reddys Laboratories Ltd 2.01% Power Grid Corporation of India Ltd 1.97% Tata Motors Ltd 1.89% Cummins India Ltd 1.88% Zee Entertainment Enterprises Ltd 1.86% Hero MotoCorp Ltd 1.77% Tata Consultancy Services Ltd 1.59% Indian Oil Corporation Ltd 1.55% Coal India Ltd 1.51% Kotak Mahindra Bank Ltd 1.37% State Bank of India 1.37% Federal Bank Ltd 1.30% LIC Housing Finance Ltd 1.29% Hindustan Petroleum Corporation Ltd 1.24% Housing Development Finance Corporation Ltd 1.18% Bajaj Finance Ltd 1.12% Yes Bank Ltd 1.11% NIFTY_28/01/ % Godrej Consumer Products Ltd 1.03% Sanofi India Ltd 0.92% Bank Of Baroda 0.90% Muthoot Finance Ltd 0.90% Britannia Industries Ltd 0.88% Lupin Ltd 0.86% Reliance Capital Ltd 0.80% Bosch Ltd 0.79% Motherson Sumi Systems Ltd 0.71% Hindustan Zinc Ltd 0.67% ACC Ltd 0.67% United Spirits Ltd 0.64% Alstom India Limited 0.58% Bayer Cropscience Ltd 0.57% Glaxosmithkline Pharmaceuticals Ltd 0.56% Bharti Airtel Ltd 0.55% Eicher Motors Ltd 0.51% Glaxosmithkline Consumer Healthcare Ltd 0.46% Mahindra & Mahindra Ltd 0.45% Oil & Natural Gas Corporation Ltd 0.44% IRB Infrastructure Developers Ltd 0.43% Bajaj Auto Ltd 0.40% Coromandel International Ltd 0.38% Akzo India Nobel Ltd 0.37% Jagran Prakashan Ltd 0.31% IDFC Bank Ltd 0.30% Housing Development Finance Corporation Ltd 0.30% Vedanta Ltd 0.29% Bharat Petroleum Corp Ltd 0.28% Glenmark Pharmaceuticals Ltd 0.27% Tata Motors Ltd DVR Shares 0.25% Titan Company Limited 0.24% Ultratech Cement Ltd 0.24% IDFC Ltd. 0.24% D.B.Corp Ltd 0.23% Procter & Gamble Hygiene and Health Care Ltd 0.20% Oberoi Realty Ltd 0.20% Wipro Ltd 0.19% DLF Ltd 0.11% Jet Airways India Ltd 0.11% Hindustan Unilever Ltd 0.10% NTPC Ltd CRISIL AAA 0.05% Gail (India) Ltd 0.04% IL&FS Transportation Networks Ltd 0.03% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.02% Cash & Current Assets 6.19% Net receivables / payables 0.88% Total % Life Top 100 Fund Rating % HDFC Bank Ltd 7.24% Infosys Ltd 4.81% Reliance Industries Ltd 4.68% ICICI Bank Ltd 3.25% Larsen & Toubro Ltd 3.12% Indusind Bank Ltd 3.12% HCL Technologies Ltd 3.04% Sun Pharmaceuticals Industries Ltd 3.03% ITC Ltd 2.93% Axis Bank Ltd 2.86% Indian Oil Corporation Ltd 2.71% Tech Mahindra Ltd 2.63% Grasim Industries Ltd 2.33% Maruti Suzuki India Ltd 2.09% Dr Reddys Laboratories Ltd 2.08% Power Grid Corporation of India Ltd 2.04% Crompton Greaves Ltd 1.97% Tata Consultancy Services Ltd 1.92% Cummins India Ltd 1.74% LIC Housing Finance Ltd 1.68% Bharat Electronics Ltd 1.65% Tata Motors Ltd 1.61% Zee Entertainment Enterprises Ltd 1.45% Lupin Ltd 1.44% Kotak Mahindra Bank Ltd 1.41% Hero MotoCorp Ltd 1.38% Coal India Ltd 1.36% Federal Bank Ltd 1.25% MRF Ltd 1.19% State Bank of India 1.15% Sanofi India Ltd 1.12% Housing Development Finance Corporation Ltd 1.09% Gujarat State Petronet Ltd 0.96% PTC India Ltd 0.96% Tata Chemicals Ltd 0.95% Muthoot Finance Ltd 0.92% Bank Of Baroda 0.92% Yes Bank Ltd 0.89% Bajaj Finserv Ltd 0.86% Tata Communications Ltd 0.82% Apollo Tyres Ltd 0.81% Bharti Airtel Ltd 0.80% Hindustan Petroleum Corporation Ltd 0.73% Jet Airways India Ltd 0.68% Pfizer Ltd 0.64% Colgate Palmolive India Ltd 0.53% Eicher Motors Ltd 0.53% Bata India Ltd 0.50% Britannia Industries Ltd 0.48% Oracle Financial Services Software Ltd 0.45% Mahindra & Mahindra Ltd 0.45% Cognizant Technology Solutions Corp 0.44% Motherson Sumi Systems Ltd 0.43% Glaxosmithkline Consumer Healthcare Ltd 0.43% Ultratech Cement Ltd 0.43% Shoppers Stop Ltd 0.40% Hindalco Industries Ltd 0.37% IDFC Bank Ltd 0.36% ACC Ltd 0.36% Vedanta Ltd 0.33% Hindustan Zinc Ltd 0.33% Housing Development Finance Corporation Ltd 0.30% IDFC Ltd. 0.29% Akzo India Nobel Ltd 0.29% Coromandel International Ltd 0.28% 81

85 Portfolio Glaxosmithkline Pharmaceuticals Ltd 0.27% Tata Motors Ltd DVR Shares 0.25% Bosch Ltd 0.23% Oberoi Realty Ltd 0.22% NIFTY_28/01/ % Oil India Ltd 0.19% Gail (India) Ltd 0.12% NTPC Ltd CRISIL AAA 0.08% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.01% Cash & Current Assets 2.16% Net receivables / payables 2.00% Total % Life Equity Fund % HDFC Bank Ltd 6.37% Maruti Suzuki India Ltd 4.66% Axis Bank Ltd 3.86% Tata Chemicals Ltd 3.85% ITC Ltd 3.72% Indusind Bank Ltd 3.41% Sun Pharmaceuticals Industries Ltd 3.31% HCL Technologies Ltd 3.07% Tech Mahindra Ltd 3.04% Tata Communications Ltd 2.84% Larsen & Toubro Ltd 2.70% Infosys Ltd 2.23% Dishman Pharma & Chemicals Ltd 2.20% Dr Reddys Laboratories Ltd 2.20% Bank Of Baroda 2.05% Ultratech Cement Ltd 1.91% LIC Housing Finance Ltd 1.79% Bajaj Finance Ltd 1.71% ICICI Bank Ltd 1.58% Lupin Ltd 1.48% Kansai Nerolac Paints Ltd 1.42% Dalmia Bharat Limited 1.32% Kotak Mahindra Bank Ltd 1.28% United Spirits Ltd 1.24% Blue Star Ltd 1.23% Eicher Motors Ltd 1.19% Cholamandalam Investment and Finance Company Ltd 1.15% Strides Shasun Ltd 1.14% Bharat Forge Ltd 1.08% Cummins India Ltd 1.05% Hexaware Technologies Ltd 1.04% Indian Oil Corporation Ltd 1.04% Housing Development Finance Corporation Ltd 1.02% Karur Vysya Bank Ltd 0.99% MRF Ltd 0.96% Glaxosmithkline Consumer Healthcare Ltd 0.94% Reliance Industries Ltd 0.94% Cox and Kings Ltd 0.93% Century Textiles & Industries Ltd 0.90% VA Tech Wabag Ltd 0.88% Zee Entertainment Enterprises Ltd 0.88% UPL Limited 0.87% Radico Khaitan Ltd 0.86% Ambuja Cements Ltd 0.82% Hero MotoCorp Ltd 0.81% Tata Motors Ltd 0.79% Grasim Industries Ltd 0.75% Cairn India Ltd 0.70% IDFC Bank Ltd 0.64% Kewal Kiran Clothing Limited 0.60% Glenmark Pharmaceuticals Ltd 0.60% Indian Bank 0.56% Asian Paints Ltd 0.54% Bata India Ltd 0.53% IDFC Ltd. 0.51% DLF Ltd 0.47% AIA Engineering Ltd 0.46% The Jammu and Kashmir Bank Ltd 0.44% Vedanta Ltd 0.40% SKS Microfinance Ltd 0.40% Aditya Birla Nuvo Ltd 0.21% DQ Entertainment International Ltd 0.18% Megasoft Ltd 0.03% Mms Infrastr Ltd 0.00% MAESTROS MEDILINE SYSTEMS LIMITED 0.00% Magnasound (I) Ltd 0.00% Cash & Current Assets 5.74% Net receivables / payables 1.50% Total % Life Long Term Advantage Fund % HDFC Bank Ltd 5.62% Infosys Ltd 5.11% Gulf Oil Lubricants India Ltd 3.70% Indusind Bank Ltd 3.65% Tech Mahindra Ltd 3.44% ITC Ltd 3.22% HCL Technologies Ltd 2.78% Maruti Suzuki India Ltd 2.63% Hindustan Petroleum Corporation Ltd 2.63% ICICI Bank Ltd 2.52% Housing Development Finance Corporation Ltd 2.24% Dalmia Bharat Limited 2.21% Sun Pharmaceuticals Industries Ltd 2.06% Axis Bank Ltd 1.79% Federal Bank Ltd 1.77% Mahindra & Mahindra Ltd 1.72% Dewan Housing Finance Corporation Ltd 1.71% Sanofi India Ltd 1.63% Wabco India Ltd 1.63% Chennai Petroleum Corporation Ltd 1.63% Tata Communications Ltd 1.60% Cummins India Ltd 1.39% Godrej Consumer Products Ltd 1.37% Larsen & Toubro Ltd 1.36% Gail (India) Ltd 1.32% Glaxosmithkline Consumer Healthcare Ltd 1.24% Kotak Mahindra Bank Ltd 1.21% Repco Home Finance Ltd 1.21% Hindalco Industries Ltd 1.20% Orient Refractories Limited 1.19% Crompton Greaves Ltd 1.19% Tata Motors Ltd 1.15% UPL Limited 1.08% Thomas Cook India Ltd 1.08% Dish TV India Ltd 1.08% Britannia Industries Ltd 1.05% Natco Pharma Ltd 1.04% Eicher Motors Ltd 1.01% SKS Microfinance Ltd 1.01% Yes Bank Ltd 1.00% Coal India Ltd 0.99% LIC Housing Finance Ltd 0.97% IRB Infrastructure Developers Ltd 0.96% Motherson Sumi Systems Ltd 0.96% Cyient Limited 0.93% Aurobindo Pharma Ltd 0.89% Orient Cement Ltd 0.87% Muthoot Finance Ltd 0.87% KPIT Technologies Limited 0.86% State Bank of India 0.85% Divis Laboratories Ltd 0.81% Persistent Systems Ltd 0.80% Bank Of Baroda 0.80% Mangalore Refinery & Petrochemicals Ltd 0.75% Indian Bank 0.71% Coromandel International Ltd 0.68% Vedanta Ltd 0.68% United Spirits Ltd 0.62% J.Kumar Infraprojects Ltd 0.62% Titan Company Limited 0.61% PNC Infratech Limited 0.57% Reliance Industries Ltd 0.56% Hindustan Zinc Ltd 0.55% Shoppers Stop Ltd 0.52% Bata India Ltd 0.48% IDFC Bank Ltd 0.45% Tata Chemicals Ltd 0.37% Gujarat Fluorochemicals Ltd 0.37% Cash & Current Assets 1.81% Net receivables / payables 0.60% Total % Life MNC Fund Rating % Maruti Suzuki India Ltd 8.45% Bosch Ltd 8.33% ICRA Ltd 7.53% Bayer Cropscience Ltd 7.16% Glaxosmithkline Pharmaceuticals Ltd 6.58% Pfizer Ltd 6.39% Gillette India Ltd 6.23% Honeywell Automation India Ltd 6.19% Hindustan Unilever Ltd 5.16% Kotak Mahindra Bank Ltd 5.07% Hitachi Home and Life Solution India Ltd 4.01% Thomas Cook India Ltd 3.61% Capital First Limited 2.81% Jet Airways India Ltd 2.55% Cummins India Ltd 2.42% FAG Bearings India Ltd 1.99% Kansai Nerolac Paints Ltd 1.64% Wabco India Ltd 1.29% Crisil Ltd 1.21% Bata India Ltd 0.93% ACC Ltd 0.68% Colgate Palmolive India Ltd 0.63% SML Isuzu Ltd 0.59% Oracle Financial Services Software Ltd 0.56% Procter & Gamble Hygiene and Health Care Ltd 0.47% Ambuja Cements Ltd 0.35% Nestle India Ltd 0.33% ITC Ltd 0.31% Blue Dart Express Ltd 0.29% Alstom T&D India Ltd 0.28% ITD Cementation India Ltd 0.27% Siemens Ltd 0.27% Sanofi India Ltd 0.26% Alstom India Limited 0.26% Federal-Mogul Goetze (India) Ltd 0.24% Disa India Ltd 0.24% Akzo India Nobel Ltd 0.22% Castrol India Ltd (FV Rs. 5/-) 0.18% ABB India Ltd 0.17% Schneider Electric Infrastructure Ltd 0.10% Mphasis Ltd 0.04% Blue Dart Express Ltd ICRA AA 0.00% Blue Dart Express Ltd ICRA AA 0.00% Blue Dart Express Ltd ICRA AA 0.00% Jainpur Straw Brd and Paper Ltd 0.00% Maruti Cottex Ltd 0.00% Sree Jayalakshmi Autospin Ltd 0.00% Sri Venkatesha Mill Ltd 0.00% Visakha Aqua Farm Ltd 0.00% Cash & Current Assets 4.01% Net receivables / payables -0.28% Total % Life Dividend Yield Plus % ICICI Bank Ltd 6.61% Cummins India Ltd 5.58% Infosys Ltd 4.99% Pfizer Ltd 4.96% Axis Bank Ltd 3.95% ITC Ltd 3.26% Sanofi India Ltd 3.16% HCL Technologies Ltd 2.78% Oracle Financial Services Software Ltd 2.70% Sundaram Finance Ltd 2.67% Orient Cement Ltd 2.65% Akzo India Nobel Ltd 2.54% Bharat Petroleum Corp Ltd 2.47% Kewal Kiran Clothing Limited 2.39% Hero MotoCorp Ltd 2.31% Greaves Cotton Ltd 2.30% Hindustan Petroleum Corporation Ltd 2.26% Bajaj Auto Ltd 2.23% Housing Development Finance Corporation Ltd 2.06% Hindustan Zinc Ltd 2.03% Crompton Greaves Ltd 1.99% Sun TV Network Ltd 1.92% Alstom India Limited 1.60% Jagran Prakashan Ltd 1.57% Atul Auto Ltd 1.39% Apar Industries Ltd 1.34% Gateway Distriparks Ltd 1.31% Procter & Gamble Hygiene and Health Care Ltd 1.27% Multi Commodity Exchange of India Ltd 1.25% Tata Consultancy Services Ltd 1.17% ACC Ltd 1.14% The Jammu and Kashmir Bank Ltd 1.12% Gail (India) Ltd 1.09% Credit Analysis and Research Limited 1.09% Kaveri Seed Company Ltd 1.08% D.B.Corp Ltd 1.07% Gujarat Mineral Development Ltd 1.01% Federal Bank Ltd 1.01% Coal India Ltd 0.98% State Bank of India 0.97% Kotak Mahindra Bank Ltd 0.94% Orient Refractories Limited 0.91% PTC India Ltd 0.91% Automotive Axles Ltd 0.84% Cairn India Ltd 0.75% Oil India Ltd 0.73% Oriental Hotels Ltd 0.72% VRL Logistic Ltd 0.64% Indian Bank 0.58% Karur Vysya Bank Ltd 0.58% Bajaj Corp Ltd 0.57% Orbit Exports Ltd 0.54% Havells India Ltd 0.34% Castrol India Ltd (FV Rs. 5/-) 0.26% Birla Corporation Ltd 0.12% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.09% Sonata Software Ltd 0.01% Cash & Current Assets 0.83% Net receivables / payables 0.36% Total % 82

86 Portfolio Life Midcap Fund % SKS Microfinance Ltd 3.15% Gujarat State Petronet Ltd 3.09% Crompton Greaves Ltd 2.83% PNC Infratech Limited 2.81% Aditya Birla Nuvo Ltd 2.74% Solar Industries (I) Ltd 2.51% Britannia Industries Ltd 2.34% LIC Housing Finance Ltd 2.26% IRB Infrastructure Developers Ltd 2.16% Federal Bank Ltd 2.12% Yes Bank Ltd 2.12% Hindustan Petroleum Corporation Ltd 2.11% Petronet LNG Ltd 1.94% MRF Ltd 1.91% Emami Ltd 1.89% Hitachi Home and Life Solution India Ltd 1.89% Divis Laboratories Ltd 1.82% Tech Mahindra Ltd 1.81% Firstsource Solutions Ltd 1.77% Mahindra CIE Automotive Ltd 1.75% Union Bank of India 1.69% Bayer Cropscience Ltd 1.66% Voltas Ltd 1.64% Indian Oil Corporation Ltd 1.62% Karur Vysya Bank Ltd 1.54% Grasim Industries Ltd 1.54% J.Kumar Infraprojects Ltd 1.48% Tube Investments of India Ltd 1.43% FAG Bearings India Ltd 1.39% Bajaj Finserv Ltd 1.38% Finolex Cables Ltd 1.34% Mindtree Ltd 1.33% KPIT Technologies Limited 1.29% Eicher Motors Ltd 1.28% Apollo Tyres Ltd 1.27% Aurobindo Pharma Ltd 1.22% Glaxosmithkline Consumer Healthcare Ltd 1.21% Cyient Limited 1.21% Gujarat Fluorochemicals Ltd 1.20% Natco Pharma Ltd 1.18% Pfizer Ltd 1.17% HSIL Ltd 1.14% Monte Carlo Fashions Ltd 1.11% Hexaware Technologies Ltd 1.08% Capital First Limited 1.07% KEC International Ltd 1.04% Simplex Infrastructures Ltd 1.02% Jyothy Laboratories Ltd 0.99% Colgate Palmolive India Ltd 0.98% Edelweiss Financial Services Ltd 0.98% Kalpataru Power Transmission Ltd 0.97% Torrent Pharmaceuticals Ltd 0.92% Hinduja Global Solutions Ltd 0.91% Oberoi Realty Ltd 0.89% Sundaram Finance Ltd 0.87% Bajaj Corp Ltd 0.80% Akzo India Nobel Ltd 0.77% SANGHI INDUSTRIES LTD 0.74% Prabhat Dairy Ltd 0.71% Bharat Electronics Ltd 0.68% IDFC Ltd. 0.67% Dewan Housing Finance Corporation Ltd 0.64% Narayana Hrudayalaya Limited 0.58% Marico Ltd 0.32% Pennar Engineered Building Systems Ltd 0.29% Coffee Day Enterprises Limited 0.15% Cash & Current Assets 4.69% Net receivables / payables 0.86% Total % Life Small & Midcap Fund % Jet Airways India Ltd 3.70% Natco Pharma Ltd 2.90% Kansai Nerolac Paints Ltd 2.80% Firstsource Solutions Ltd 2.79% Tube Investments of India Ltd 2.60% IRB Infrastructure Developers Ltd 2.52% Sterlite Technologies Ltd 2.50% Gujarat State Petronet Ltd 2.47% Pennar Engineered Building Systems Ltd 2.45% Repco Home Finance Ltd 2.41% KEC International Ltd 2.41% SANGHI INDUSTRIES LTD 2.34% SKS Microfinance Ltd 2.32% Crompton Greaves Ltd 2.23% Capital First Limited 2.21% PNC Infratech Limited 2.19% Sanofi India Ltd 2.15% Bajaj Corp Ltd 2.14% V-Mart Retail Limited 2.08% Finolex Cables Ltd 2.00% Mangalore Refinery & Petrochemicals Ltd 1.98% Dalmia Bharat Limited 1.88% Yes Bank Ltd 1.87% Dewan Housing Finance Corporation Ltd 1.82% Solar Industries (I) Ltd 1.82% KPR Mill Ltd 1.80% Divis Laboratories Ltd 1.79% Karur Vysya Bank Ltd 1.74% Federal Bank Ltd 1.73% Monte Carlo Fashions Ltd 1.71% Cyient Limited 1.68% Cholamandalam Investment and Finance Company Ltd 1.66% Jyothy Laboratories Ltd 1.62% Wabco India Ltd 1.57% Birla Corporation Ltd 1.55% Union Bank of India 1.53% GRANULES INDIA LIMITED 1.50% IDFC Ltd. 1.49% S H Kelkar & Company Ltd 1.38% SRF Ltd 1.31% Deepak Fertilizers & Petro Corp Ltd 1.24% Prabhat Dairy Ltd 1.17% HSIL Ltd 1.16% Tata Global Beverages Ltd 1.06% Relaxo Footwears Limited 1.05% Apollo Tyres Ltd 1.03% Hexaware Technologies Ltd 1.01% Disa India Ltd 0.89% NIIT Technologies Ltd 0.59% Cash & Current Assets 8.10% Net receivables / payables 0.08% Total % Life Advantage Fund % HDFC Bank Ltd 6.76% Yes Bank Ltd 4.79% Sun Pharmaceuticals Industries Ltd 4.78% Maruti Suzuki India Ltd 4.33% Natco Pharma Ltd 4.11% Eicher Motors Ltd 4.03% Indusind Bank Ltd 3.16% Dalmia Bharat Limited 2.92% Infosys Ltd 2.88% TVS Motor Company Ltd 2.73% Berger Paints India Ltd 2.62% Repco Home Finance Ltd 2.58% Bharat Electronics Ltd 2.49% Emami Ltd 2.30% ICICI Bank Ltd 2.28% Tata Motors Ltd 2.20% Cummins India Ltd 2.17% Voltas Ltd 2.04% Bajaj Finance Ltd 1.95% Aurobindo Pharma Ltd 1.82% Hindustan Petroleum Corporation Ltd 1.66% Hero MotoCorp Ltd 1.63% Gail (India) Ltd 1.57% Bajaj Finserv Ltd 1.51% Orient Cement Ltd 1.50% Torrent Pharmaceuticals Ltd 1.45% KPR Mill Ltd 1.37% Axis Bank Ltd 1.26% Bosch Ltd 1.26% VA Tech Wabag Ltd 1.22% Cyient Limited 1.17% Alstom T&D India Ltd 1.15% GRANULES INDIA LIMITED 1.11% V GUARD INDUSTRIES LIMITED 1.07% Capital First Limited 1.03% Atul Auto Ltd 1.01% Petronet LNG Ltd 0.94% Mangalore Refinery & Petrochemicals Ltd 0.93% Wabco India Ltd 0.92% PI Industries Ltd 0.91% Thomas Cook India Ltd 0.91% Ultratech Cement Ltd 0.90% Astral Poly Technik Ltd 0.86% Divis Laboratories Ltd 0.85% Astra Microwave Products Ltd 0.84% AIA Engineering Ltd 0.78% Kalpataru Power Transmission Ltd 0.72% Bayer Cropscience Ltd 0.65% Persistent Systems Ltd 0.52% Narayana Hrudayalaya Limited 0.43% Alkem Laboratories Limited 0.32% Dr. Lal Pathlabs Limited 0.26% Dharti Dredging 0.17% Karrox Technologies Ltd 0.00% Cash & Current Assets 5.06% Net receivables / payables -0.87% Total % Life India GenNext Fund % HDFC Bank Ltd 5.86% Maruti Suzuki India Ltd 4.55% ITC Ltd 3.98% Eicher Motors Ltd 3.87% Indusind Bank Ltd 3.66% Sun Pharmaceuticals Industries Ltd 3.50% ICICI Bank Ltd 3.22% Britannia Industries Ltd 2.92% Bajaj Corp Ltd 2.78% Axis Bank Ltd 2.65% Asian Paints Ltd 2.55% Housing Development Finance Corporation Ltd 2.49% United Spirits Ltd 2.45% Emami Ltd 2.43% Jyothy Laboratories Ltd 2.42% Kotak Mahindra Bank Ltd 2.32% Repco Home Finance Ltd 2.26% Whirlpool of India Ltd 1.83% Voltas Ltd 1.70% Tata Motors Ltd 1.68% Page Industries Ltd 1.67% Karur Vysya Bank Ltd 1.66% Phoenix Mills Ltd 1.58% Alkem Laboratories Limited 1.51% Muthoot Finance Ltd 1.48% Federal Bank Ltd 1.47% Zee Entertainment Enterprises Ltd 1.44% Lupin Ltd 1.39% Bajaj Finance Ltd 1.38% Cox and Kings Ltd 1.38% Bata India Ltd 1.37% Glaxosmithkline Consumer Healthcare Ltd 1.25% Exide Industries Ltd 1.20% Dr. Lal Pathlabs Limited 1.20% Marico Ltd 1.19% Colgate Palmolive India Ltd 1.15% Aditya Birla Nuvo Ltd 1.07% HEIDELBERGCEMENT INDIA LIMITED 1.06% Capital First Limited 1.04% Relaxo Footwears Limited 1.03% Sanofi India Ltd 1.01% MT Educare Ltd 1.00% Hindustan Unilever Ltd 0.99% Blue Star Ltd 0.97% Jubilant Foodworks Ltd 0.97% Monte Carlo Fashions Ltd 0.96% Radico Khaitan Ltd 0.95% Cholamandalam Investment and Finance Company Ltd 0.94% ACC Ltd 0.89% Hero MotoCorp Ltd 0.88% Bajaj Auto Ltd 0.83% Coffee Day Enterprises Limited 0.32% Glenmark Pharmaceuticals Ltd 0.28% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.22% Cash & Current Assets 3.29% Net receivables / payables -0.19% Total % Life Buy India Fund % Sundaram Clayton Ltd 8.60% ICRA Ltd 7.97% Jet Airways India Ltd 7.11% Kotak Mahindra Bank Ltd 4.92% MRF Ltd 4.43% Pfizer Ltd 4.37% Bayer Cropscience Ltd 4.36% Zee Entertainment Enterprises Ltd 3.61% Hitachi Home and Life Solution India Ltd 3.50% Gillette India Ltd 3.47% Thomas Cook India Ltd 3.42% Kansai Nerolac Paints Ltd 3.38% Maruti Suzuki India Ltd 3.19% Housing Development Finance Corporation Ltd 3.06% Glaxosmithkline Pharmaceuticals Ltd 2.84% Trent Ltd 2.77% Bosch Ltd 2.66% Biocon Ltd 2.56% Indusind Bank Ltd 2.46% Hindustan Unilever Ltd 2.46% 83

87 Portfolio Shoppers Stop Ltd 2.41% Capital First Limited 1.96% Axis Bank Ltd 1.73% ICICI Bank Ltd 1.68% Colgate Palmolive India Ltd 1.66% Mahindra & Mahindra Ltd 1.63% Yes Bank Ltd 1.46% Tata Motors Ltd 1.45% Bata India Ltd 1.12% ITC Ltd 0.65% IDFC Bank Ltd 0.48% United Breweries Holdings Ltd 0.41% IDFC Ltd. 0.38% Magnasound (I) Ltd 0.00% Cash & Current Assets 2.52% Net receivables / payables -0.68% Total % Life Banking And Financial Services Fund % HDFC Bank Ltd 15.20% Yes Bank Ltd 9.52% Indusind Bank Ltd 7.90% Repco Home Finance Ltd 7.64% Bajaj Finance Ltd 7.50% ICICI Bank Ltd 6.73% Axis Bank Ltd 6.03% LIC Housing Finance Ltd 5.42% Bank Of Baroda 4.91% SKS Microfinance Ltd 4.22% Dewan Housing Finance Corporation Ltd 3.26% Housing Development Finance Corporation Ltd 2.90% Capital First Limited 2.66% Cholamandalam Investment and Finance Company Ltd 2.41% ICRA Ltd 2.09% Bajaj Finserv Ltd 2.06% Federal Bank Ltd 1.87% Muthoot Finance Ltd 1.86% Karur Vysya Bank Ltd 1.33% City Union Bank Ltd 0.75% Edelweiss Financial Services Ltd 0.37% Tourism Finance Corporation of India Ltd 0.35% Cash & Current Assets 4.79% Net receivables / payables -1.77% Total % Life Infrastructure Fund % Cummins India Ltd 5.73% HDFC Bank Ltd 4.77% Wabco India Ltd 4.03% Crompton Greaves Ltd 3.95% Larsen & Toubro Ltd 3.90% ICICI Bank Ltd 3.84% Reliance Industries Ltd 3.82% Orient Cement Ltd 3.16% Multi Commodity Exchange of India Ltd 3.06% Honeywell Automation India Ltd 2.74% FAG Bearings India Ltd 2.47% Federal Bank Ltd 2.47% Ashoka Buildcon Ltd 2.33% PTC India Ltd 2.05% The Jammu and Kashmir Bank Ltd 2.05% Bharat Electronics Ltd 2.01% Tata Motors Ltd 1.87% J.Kumar Infraprojects Ltd 1.69% VA Tech Wabag Ltd 1.66% Birla Corporation Ltd 1.66% Blue Star Ltd 1.60% Indusind Bank Ltd 1.56% Kalpataru Power Transmission Ltd 1.52% Axis Bank Ltd 1.52% Greaves Cotton Ltd 1.47% Gujarat Industries Power Company Ltd 1.35% Capital First Limited 1.31% Tata Communications Ltd 1.28% Hindustan Zinc Ltd 1.23% TD Power Systems Ltd 1.20% Inox Wind Ltd 1.17% Finolex Cables Ltd 1.16% IRB Infrastructure Developers Ltd 1.16% Bajaj Finance Ltd 1.10% Grasim Industries Ltd 1.10% Alstom India Limited 1.08% Credit Analysis and Research Limited 1.06% Muthoot Finance Ltd 1.06% Somany Ceramics Ltd 1.02% ACC Ltd 1.00% Gujarat Mineral Development Ltd 0.98% ICRA Ltd 0.98% Coal India Ltd 0.97% Orient Refractories Limited 0.96% Indian Oil Corporation Ltd 0.94% Indian Bank 0.93% Automotive Axles Ltd 0.90% Oil India Ltd 0.78% Gujarat State Petronet Ltd 0.75% Oberoi Realty Ltd 0.75% Hindustan Petroleum Corporation Ltd 0.61% Astra Microwave Products Ltd 0.61% Hindalco Industries Ltd 0.60% PNC Infratech Limited 0.51% Sobha Ltd 0.48% Power Grid Corporation of India Ltd 0.47% Disa India Ltd 0.46% Kaveri Seed Company Ltd 0.43% Jaiprakash Power Ventures Ltd 0.41% Housing Development Finance Corporation Ltd 0.35% STATE BANK OF BIKANER AND JAIPUR LTD 0.34% Siemens Ltd 0.15% Gail (India) Ltd 0.08% Cash & Current Assets 1.61% Net receivables / payables -0.30% Total % Life Pure Value Fund % Jet Airways India Ltd 6.54% Tata Chemicals Ltd 5.53% Hindustan Petroleum Corporation Ltd 4.53% Gulf Oil Lubricants India Ltd 4.17% MRF Ltd 3.80% Gujarat Fluorochemicals Ltd 3.44% J.Kumar Infraprojects Ltd 3.43% Chennai Petroleum Corporation Ltd 3.38% Gail (India) Ltd 3.19% Omkar Speciality Chemicals Limited 2.92% Sun TV Network Ltd 2.64% Pfizer Ltd 2.60% UPL Limited 2.50% Federal Bank Ltd 2.33% Heritage Foods Limited 2.28% Bharat Petroleum Corp Ltd 2.12% Edelweiss Financial Services Ltd 2.09% Muthoot Finance Ltd 2.08% Mangalore Refinery & Petrochemicals Ltd 1.95% KPR Mill Ltd 1.92% Banco Products India Ltd 1.77% Bank Of Baroda 1.69% Orient Cement Ltd 1.68% Dishman Pharma & Chemicals Ltd 1.63% Coromandel International Ltd 1.61% Cyient Limited 1.48% Bajaj Finserv Ltd 1.47% Hexaware Technologies Ltd 1.45% NCC Ltd 1.44% Sonata Software Ltd 1.41% Ashoka Buildcon Ltd 1.32% Glenmark Pharmaceuticals Ltd 1.30% HSIL Ltd 1.28% Gujarat Mineral Development Ltd 1.10% Inox Wind Ltd 1.08% Monte Carlo Fashions Ltd 1.06% Indian Oil Corporation Ltd 1.02% Deepak Fertilizers & Petro Corp Ltd 0.99% Dish TV India Ltd 0.97% Axis Bank Ltd 0.96% Tata Motors Ltd 0.93% Tata Steel Ltd 0.93% NIIT Technologies Ltd 0.91% Grasim Industries Ltd 0.88% Reliance Industries Ltd 0.85% Indian Bank 0.74% Shemaroo Entertainment Ltd 0.73% Kaveri Seed Company Ltd 0.67% PNC Infratech Limited 0.65% Astra Microwave Products Ltd 0.16% Cash & Current Assets 3.66% Net receivables / payables -1.28% Total % Life India Reforms Fund % 8.60% GOI (MD 02/06/2028) SOV 13.10% 8.83% GOI (MD 12/12/2041) SOV 6.74% HDFC Bank Ltd 5.66% 9.20% GOI (MD 30/09/2030) SOV 4.56% Maruti Suzuki India Ltd 3.87% Eicher Motors Ltd 3.45% Cummins India Ltd 3.45% ICICI Bank Ltd 3.28% Larsen & Toubro Ltd 3.20% Axis Bank Ltd 3.19% Bajaj Auto Ltd 3.18% Bharat Electronics Ltd 2.58% Capital First Limited 2.45% Crompton Greaves Ltd 2.41% Kotak Mahindra Bank Ltd 2.41% Indusind Bank Ltd 2.40% Karur Vysya Bank Ltd 2.24% Yes Bank Ltd 2.22% 8.30% GOI (MD 31/12/2042) SOV 2.13% State Bank of India 2.06% Ultratech Cement Ltd 1.98% Dalmia Bharat Limited 1.97% 9.23% GOI (MD 23/12/2043) SOV 1.87% Tourism Finance Corporation of India Ltd 1.71% Ashoka Buildcon Ltd 1.67% Bajaj Finserv Ltd 1.66% Muthoot Finance Ltd 1.50% Indian Bank 1.45% Voltas Ltd 1.26% Bosch Ltd 1.17% Sundaram Finance Ltd 1.15% IRB Infrastructure Developers Ltd 1.10% Orient Cement Ltd 0.91% Alstom India Limited 0.76% Repco Home Finance Ltd 0.64% J.Kumar Infraprojects Ltd 0.57% Torrent Power Ltd 0.38% PTC India Ltd 0.35% Atul Auto Ltd 0.23% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.05% Cash & Current Assets 4.35% Net receivables / payables -1.28% Total % Life New Millennium Fund % Infosys Ltd 29.35% Tech Mahindra Ltd 9.03% HCL Technologies Ltd 8.94% Tata Consultancy Services Ltd 6.98% Tata Communications Ltd 6.39% Sonata Software Ltd 5.01% Cyient Limited 4.79% Dish TV India Ltd 4.06% Firstsource Solutions Ltd 3.74% Zee Entertainment Enterprises Ltd 3.49% Hexaware Technologies Ltd 3.27% Persistent Systems Ltd 3.16% KPIT Technologies Limited 3.15% NIIT Technologies Ltd 2.93% Sasken Communication Technologies Ltd 2.02% Info Edge India Ltd 1.70% Shemaroo Entertainment Ltd 1.49% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.22% Magnasound (I) Ltd 0.00% Cash & Current Assets 0.33% Net receivables / payables -0.06% Total % Life India Opportunities Fund % Cummins India Ltd 8.19% Sanofi India Ltd 6.96% Honeywell Automation India Ltd 6.26% Infosys Ltd 6.25% Wabco India Ltd 5.92% Reliance Industries Ltd 5.38% Sun Pharmaceuticals Industries Ltd 5.15% Hindustan Zinc Ltd 4.53% Tech Mahindra Ltd 4.01% Oracle Financial Services Software Ltd 3.96% Firstsource Solutions Ltd 3.91% HCL Technologies Ltd 3.85% Aurobindo Pharma Ltd 3.71% Bajaj Auto Ltd 3.47% KPIT Technologies Limited 3.21% Divis Laboratories Ltd 2.86% Crisil Ltd 2.69% AIA Engineering Ltd 2.37% Persistent Systems Ltd 2.27% Hexaware Technologies Ltd 2.20% Tata Consultancy Services Ltd 2.15% Dr Reddys Laboratories Ltd 1.98% Sonata Software Ltd 1.70% Dishman Pharma & Chemicals Ltd 1.66% Orbit Exports Ltd 1.61% KPR Mill Ltd 1.55% Brillio Technologies Pvt Ltd 0.00% Jainpur Straw Brd and Paper Ltd 0.00% 84

88 Portfolio Magnasound (I) Ltd 0.00% Oriqua Ltd 0.00% Sree Rama Polymer 0.00% Cash & Current Assets 3.67% Net receivables / payables -1.46% Total % Life Special Situations Fund % Maruti Suzuki India Ltd 8.69% Wabco India Ltd 8.25% Indusind Bank Ltd 7.29% Tata Communications Ltd 4.92% Strides Shasun Ltd 4.86% Infosys Ltd 4.16% HDFC Bank Ltd 4.07% HCL Technologies Ltd 3.98% ICICI Bank Ltd 3.93% Dishman Pharma & Chemicals Ltd 3.86% LIC Housing Finance Ltd 3.84% Century Textiles & Industries Ltd 3.37% Birla Corporation Ltd 3.06% Tata Chemicals Ltd 3.02% Kotak Mahindra Bank Ltd 2.84% Cummins India Ltd 2.61% Tech Mahindra Ltd 2.36% United Spirits Ltd 2.25% Tata Motors Ltd 2.21% Motherson Sumi Systems Ltd 2.21% AIA Engineering Ltd 2.02% Bharat Forge Ltd 2.01% Jaiprakash Power Ventures Ltd 1.86% Sun Pharmaceuticals Industries Ltd 1.85% Aditya Birla Nuvo Ltd 1.63% Simplex Infrastructures Ltd 1.52% Karur Vysya Bank Ltd 1.48% Muthoot Finance Ltd 1.44% Radico Khaitan Ltd 1.18% Cox and Kings Ltd 0.93% United Breweries Holdings Ltd 0.65% Cash & Current Assets 1.88% Net receivables / payables -0.21% Total % Life Dynamic Asset Allocation Fund Rating % Eicher Motors Ltd 3.73% Dalmia Bharat Limited 3.13% Infosys Ltd 3.11% Repco Home Finance Ltd 3.05% Bajaj Finance Ltd 3.02% Reliance Industries Ltd 2.76% Sanofi India Ltd 2.64% ICICI Bank Ltd 2.63% HDFC Bank Ltd 2.40% Axis Bank Ltd 2.26% INDO COUNT INDUSTRIES LIMITED 2.21% Kewal Kiran Clothing Limited 2.19% KPR Mill Ltd 2.10% PTC India Ltd 2.02% Somany Ceramics Ltd 2.00% Pfizer Ltd 1.90% Hero MotoCorp Ltd 1.84% Indian Terrain Fashions Ltd 1.79% Bajaj Auto Ltd 1.78% Tata Consultancy Services Ltd 1.72% HEIDELBERGCEMENT INDIA LIMITED 1.63% Indusind Bank Ltd 1.62% IFGL REFRACTORIES LTD 1.60% Orbit Exports Ltd 1.56% V-Mart Retail Limited 1.51% Cummins India Ltd 1.45% ACC Ltd 1.37% Atul Auto Ltd 1.35% Coal India Ltd 1.33% Orient Refractories Limited 1.27% Indian Bank 1.16% Tata Steel Ltd 1.15% HCL Technologies Ltd 1.12% Cairn India Ltd 1.11% Federal Bank Ltd 1.05% JSW Steel Ltd 1.04% Tourism Finance Corporation of India Ltd 0.94% Bharat Electronics Ltd 0.83% Lupin Ltd 0.74% State Bank of India 0.72% Oracle Financial Services Software Ltd 0.71% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.70% Inox Wind Ltd 0.62% India Cements Ltd 0.58% VRL Logistic Ltd 0.38% Kaveri Seed Company Ltd 0.35% Dr. Lal Pathlabs Limited 0.21% NTPC Ltd CRISIL AAA 0.08% NIFTY_28/01/ % Cash & Current Assets 18.51% Net receivables / payables 15.84% Total % Life International Equity Fund - Plan A McKesson Corp 4.94% Aetna Inc New 4.71% VALERO ENERGY CORP 3.87% The Boeing Co 3.48% AXA SA 3.25% APPLE INC 3.01% Koninklijke AHOLD NV 2.97% Delta Air Lines Inc 2.93% FEDEX CORP 2.90% CLP Holdings Ltd 2.75% Allianz SE 2.70% Japan Airlines Co Ltd 2.70% Westfield Corporation 2.68% NEXT PLC 2.68% SWISS RE AG 2.67% EMC CORP 2.56% AMERISOURCE BERGEN CORP 2.50% T ROWE PRICE GROUP I 2.49% SANOFI 2.44% NORDEA BANK AB 2.39% Telstra Corporation Ltd 2.37% GILEAD SCIENCES INC 2.32% INTERNATIONAL BUSINESS MACHINES CORP IBM 2.26% Zurich Insurance Group Ag 2.25% TELENOR 2.22% PING AN INS GRP-H 2.22% HARMAN INTERNATIONAL 2.15% CVS CAREMARK CORP 2.03% EASTMAN CHEMICAL CO 1.98% MARKS & SPENCER GROUP PLC 1.87% EXPEDIA INC 1.84% TYSON FOODS INC 1.74% XEROX CORP 1.74% TOYOTA MOTOR CORP 1.68% Viacom Inc 1.50% CenturyLink Inc 1.48% BEIERSDORF AG 1.40% PUBLICIS GROUPE SA 0.87% HEWLETT PACKARD CO 0.69% Cash & Current Assets 3.84% Net receivables / payables 0.98% Total % Life International Equity Fund - Plan B ICICI Bank Ltd 3.51% Repco Home Finance Ltd 3.40% Infosys Ltd 3.25% HDFC Bank Ltd 2.76% ITC Ltd 2.57% Axis Bank Ltd 2.47% Indusind Bank Ltd 2.38% Bajaj Finance Ltd 2.36% Eicher Motors Ltd 2.32% Cummins India Ltd 2.02% Cairn India Ltd 1.76% J.Kumar Infraprojects Ltd 1.71% Federal Bank Ltd 1.65% Kewal Kiran Clothing Limited 1.62% Atul Auto Ltd 1.62% Cognizant Technology Solutions Corp 1.58% Shriram City Union Finance Limited 1.56% HCL Technologies Ltd 1.51% Omkar Speciality Chemicals Limited 1.44% Aetna Inc New 1.34% McKesson Corp 1.29% D.B.Corp Ltd 1.28% Hindustan Zinc Ltd 1.26% Emami Ltd 1.23% Tata Consultancy Services Ltd 1.20% PTC India Ltd 1.13% Indian Terrain Fashions Ltd 1.10% Sanofi India Ltd 1.07% EXPEDIA INC 1.07% Hero MotoCorp Ltd 1.06% VALERO ENERGY CORP 1.02% Thomas Cook India Ltd 0.96% V-Mart Retail Limited 0.95% IFGL REFRACTORIES LTD 0.92% Orient Refractories Limited 0.92% VST Industries Ltd 0.91% APPLE INC 0.91% Orient Cement Ltd 0.87% FEDEX CORP 0.87% % % Koninklijke AHOLD NV 0.86% The Boeing Co 0.86% Cyient Limited 0.85% Japan Airlines Co Ltd 0.85% Sun Pharmaceuticals Industries Ltd 0.84% Oracle Financial Services Software Ltd 0.84% Tourism Finance Corporation of India Ltd 0.84% AXA SA 0.79% Automotive Axles Ltd 0.78% Westfield Corporation 0.77% State Bank of India 0.77% SWISS RE AG 0.77% NEXT PLC 0.77% Hindalco Industries Ltd 0.77% Tata Steel Ltd 0.76% Delta Air Lines Inc 0.76% Bajaj Auto Ltd 0.75% Grasim Industries Ltd 0.74% Lupin Ltd 0.72% CLP Holdings Ltd 0.72% JSW Steel Ltd 0.71% T ROWE PRICE GROUP I 0.70% EMC CORP 0.70% Allianz SE 0.70% Telstra Corporation Ltd 0.68% ACC Ltd 0.68% Zurich Insurance Group Ag 0.68% GILEAD SCIENCES INC 0.66% KPR Mill Ltd 0.66% Coal India Ltd 0.65% Orbit Exports Ltd 0.65% TYSON FOODS INC 0.63% SANOFI 0.62% NORDEA BANK AB 0.62% HARMAN INTERNATIONAL 0.62% TELENOR 0.60% CVS CAREMARK CORP 0.58% PING AN INS GRP-H 0.58% EASTMAN CHEMICAL CO 0.57% MARKS & SPENCER GROUP PLC 0.55% AMERISOURCE BERGEN CORP 0.55% INTERNATIONAL BUSINESS MACHINES CORP IBM 0.54% INDO COUNT INDUSTRIES LIMITED 0.54% Just Dial Limited 0.50% XEROX CORP 0.49% The Jammu and Kashmir Bank Ltd 0.48% TOYOTA MOTOR CORP 0.48% India Cements Ltd 0.48% CenturyLink Inc 0.41% PUBLICIS GROUPE SA 0.39% HEIDELBERGCEMENT INDIA LIMITED 0.37% BEIERSDORF AG 0.36% LIC Housing Finance Ltd 0.31% Viacom Inc 0.31% Kaveri Seed Company Ltd 0.28% Housing Development Finance Corporation Ltd 0.22% HEWLETT PACKARD CO 0.19% Inox Wind Ltd 0.11% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.04% Cash & Current Assets 1.96% Net receivables / payables -0.47% Total % Life Commodity Equities Fund - Global Agri Plan (GAP) % TYSON FOODS INC 10.25% SYNGENTA LTD REG SHS 9.79% ASSOCIATED BRITISH FOODS PLC 9.21% MONSANTO CO 8.91% DEERE & CO 7.85% ARCHER-DANIELS-MIDLAND CO 7.17% BUNGE LTD 6.55% BRF SA 5.52% AGRIUM INC 4.33% Kubota Corp 4.12% WILMAR INTERNATIONAL LTD 3.59% INGREDION INC 3.39% Potash Corp Of Saskatchewan Inc USD 3.32% CF INDUSTRIES HOLDINGS INC ORD SHS 3.09% The Mosaic Company Limited 2.87% Marine Harvest ASA 2.14% YARA INTERNATIONAL ASA 2.02% GOLDEN AGRI-RESOURCES LTD 1.59% Uralkaliy OJSC SHS GDR 1.53% Sociedad Quimica yminera de Chile SA 0.91% Israel Chemicals Ltd 0.45% Nippon Meat Pack Ord 0.30% Cash & Current Assets 2.95% Net receivables / payables -1.86% Total % 85

89 Portfolio Life Global Commodities Fund % Martin Currie Global Resources Fund 48.53% First State Glob Umbrella Fund Global Res Fund - I 34.68% Cash & Current Assets 16.91% Net receivables / payables -0.12% Total % Life Global Real Estate Fund % ING (L) Invest Global Real Estate - I Cap USD 97.67% Cash & Current Assets 1.22% Net receivables / payables 1.10% Total % Life Latin America Equity Fund % ING (L) INV Latin America I Cap 89.60% Cash & Current Assets 10.82% Net receivables / payables -0.42% Total % Life Index Fund % NIFTY_28/01/ % Infosys Ltd 5.77% HDFC Bank Ltd 5.52% Housing Development Finance Corporation Ltd 5.19% ITC Ltd 4.79% Reliance Industries Ltd 4.37% ICICI Bank Ltd 3.96% Tata Consultancy Services Ltd 3.27% Larsen & Toubro Ltd 2.73% Sun Pharmaceuticals Industries Ltd 2.34% Axis Bank Ltd 2.05% Tata Motors Ltd 1.94% Kotak Mahindra Bank Ltd 1.91% State Bank of India 1.87% Hindustan Unilever Ltd 1.60% Maruti Suzuki India Ltd 1.60% Mahindra & Mahindra Ltd 1.54% HCL Technologies Ltd 1.24% Bharti Airtel Ltd 1.23% Indusind Bank Ltd 1.20% Lupin Ltd 1.16% Oil & Natural Gas Corporation Ltd 1.13% Coal India Ltd 1.11% Asian Paints Ltd 1.05% Dr Reddys Laboratories Ltd 1.03% Hero MotoCorp Ltd 1.00% Wipro Ltd 0.99% Bajaj Auto Ltd 0.91% Cipla Ltd 0.86% Tech Mahindra Ltd 0.83% Power Grid Corporation of India Ltd 0.81% NTPC Ltd 0.79% Ultratech Cement Ltd 0.74% Zee Entertainment Enterprises Ltd 0.63% Grasim Industries Ltd 0.63% Adani Ports and Special Economic Zone Ltd 0.62% Yes Bank Ltd 0.62% Bharat Petroleum Corp Ltd 0.60% Gail (India) Ltd 0.46% Tata Steel Ltd 0.45% Bosch Ltd 0.45% Idea Cellular Ltd 0.42% Ambuja Cements Ltd 0.41% Bharat Heavy Electricals Ltd 0.40% Bank Of Baroda 0.39% ACC Ltd 0.33% Tata Power Co Ltd 0.32% Hindalco Industries Ltd 0.29% Vedanta Ltd 0.26% Punjab National Bank 0.23% Cairn India Ltd 0.21% Cash & Current Assets 18.15% Net receivables / payables % Total % Life Asset Allocation Fund - Aggressive Plan % Life Advantage Fund - Gr - Dir Pl 25.09% Life Top 100 Fund % Life Equity Fund Direct 19.37% Life Govt Sec. Long Term Grwth Direct 12.93% Life New Millennium Fund Gro 7.45% Life Income Plus % Life Infra. Fund - Grth % Cash & Current Assets 6.62% Net receivables / payables 0.20% Total % Life Asset Allocation Fund - Moderate Plan % Life Govt Sec. Long Term Grwth Direct 25.02% Life Advantage Fund - Gr - Dir Pl 17.75% Life Equity Fund Direct 13.70% Life Top 100 Fund % Life Income Plus % Life New Millennium Fund Gro 6.46% Life Infra. Fund - Grth % Cash & Current Assets 17.08% Net receivables / payables 0.48% Total % Life Asset Allocation Fund - Conservative Plan % Life Govt Sec. Long Term Grwth Direct 33.14% Life Income Plus % Life Advantage Fund - Gr - Dir Pl 9.60% Life Equity Fund Direct 6.75% Life Top 100 Fund % Life New Millennium Fund Gro 3.18% Life Infra. Fund - Grth % Cash & Current Assets 17.29% Net receivables / payables -0.86% Total % Life 5 Star Multi Manager FoF Scheme SBI Blue Chip Fund % MOSt Focused Multicap 35-- Option 19.84% Mirae Asset India Opp'ties Fund % Life Frontline Eq Fd - Gr % Mirae Asset Emerging Bluechip Fund - Dir Pln- Grw 9.00% ICICI Prudential Discovery Fund Grwth 7.07% Cash & Current Assets 6.02% Net receivables / payables -1.07% Total % Life Asset Allocator Multi Manager FoF Scheme % SBI Magnum Gilt Fund - Long Term-Dir Pl % MOSt Focused Multicap 35-- Option 13.51% IDFC Dynamic Bond Fund % Life Frontline Eq Fd - Gr % SBI Blue Chip Fund % Mirae Asset India Opp'ties Fund % Franklin India PRIMA FUND - Direct % Mirae Asset Emerging Bluechip Fund - Dir Pln- Grw 4.71% ICICI Prudential Discovery Fund Grwth 4.33% Life Cash Plus % Cash & Current Assets 22.10% Net receivables / payables -1.20% Total % Life Financial Planning FOF - Aggressive Plan SBI Blue Chip Fund % Mirae Asset India Opp'ties Fund % MOSt Focused Multicap 35-- Option 13.92% Life Frontline Eq Fd - Gr % Life Cash Plus % SBI Magnum Gilt Fund - Long Term-Dir Pl % IDFC Dynamic Bond Fund % Mirae Asset Emerging Bluechip Fund - Dir Pln- Grw 4.82% ICICI Prudential Discovery Fund Grwth 4.73% % % Franklin India PRIMA FUND - Direct % Goldman Sachs Gold ETF (Gold Bees) 2.00% Kotak MF Gold ETF 1.83% Cash & Current Assets 1.88% Net receivables / payables -0.06% Total % Life Financial Planning FOF - Conservative Plan Life Cash Plus % IDFC Dynamic Bond Fund % SBI Magnum Gilt Fund - Long Term-Dir Pl % Kotak MF Gold ETF 10.32% SBI Blue Chip Fund % MOSt Focused Multicap 35-- Option 4.30% Mirae Asset India Opp'ties Fund % Life Frontline Eq Fd - Gr % Franklin India PRIMA FUND - Direct % Mirae Asset Emerging Bluechip Fund - Dir Pln- Grw 1.37% ICICI Prudential Discovery Fund Grwth 1.34% Goldman Sachs Gold ETF (Gold Bees) 0.77% Cash & Current Assets 4.75% Net receivables / payables -0.41% Total % Life Financial Planning FOF - Prudent Plan Life Cash Plus % IDFC Dynamic Bond Fund % SBI Magnum Gilt Fund - Long Term-Dir Pl % Life Frontline Eq Fd - Gr % Mirae Asset India Opp'ties Fund % SBI Blue Chip Fund % MOSt Focused Multicap 35-- Option 7.74% Kotak MF Gold ETF 5.92% Mirae Asset Emerging Bluechip Fund - Dir Pln- Grw 2.73% Franklin India PRIMA FUND - Direct % ICICI Prudential Discovery Fund Grwth 2.58% Goldman Sachs Gold ETF (Gold Bees) 2.46% Cash & Current Assets 0.94% Net receivables / payables 0.37% Total % Life Equity Savings Fund Rating % Reliance Industries Ltd 7.78% HDFC Bank Ltd 6.55% 8.15% GOI (MD 24/11/2026) SOV 5.21% Maruti Suzuki India Ltd 5.12% Axis Bank Ltd 4.93% 9.20% GOI (MD 30/09/2030) SOV 4.22% LIC Housing Finance Ltd 4.02% 8.12% GOI (MD 10/12/2020) SOV 3.93% ITC Ltd 3.38% MRF Ltd 2.51% Housing Development Finance Corporation Ltd 2.48% Bank Of Baroda 2.33% Eicher Motors Ltd 2.32% Sun Pharmaceuticals Industries Ltd 2.16% Repco Home Finance Ltd 1.95% Oil & Natural Gas Corporation Ltd 1.87% Natco Pharma Ltd 1.47% 8.60% GOI (MD 02/06/2028) SOV 1.35% Lupin Ltd 1.31% Yes Bank Ltd 1.21% Berger Paints India Ltd 1.03% Tata Motors Ltd 0.91% Wabco India Ltd 0.87% Dalmia Bharat Limited 0.86% Bajaj Finance Ltd 0.77% Godrej Consumer Products Ltd 0.68% Voltas Ltd 0.67% Bharat Electronics Ltd 0.64% Capital First Limited 0.59% VA Tech Wabag Ltd 0.54% Indusind Bank Ltd 0.54% Orient Cement Ltd 0.53% Alstom T&D India Ltd 0.49% Gail (India) Ltd 0.48% Emami Ltd 0.48% Bosch Ltd 0.48% AIA Engineering Ltd 0.47% V GUARD INDUSTRIES LIMITED 0.44% % % 86

90 Portfolio Hindustan Petroleum Corporation Ltd 0.41% IDFC Ltd. 0.40% Torrent Pharmaceuticals Ltd 0.37% Page Industries Ltd 0.37% Bayer Cropscience Ltd 0.37% Bajaj Finserv Ltd 0.36% Gulf Oil Lubricants India Ltd 0.36% State Bank of India 0.35% Cyient Limited 0.35% Atul Auto Ltd 0.34% KPR Mill Ltd 0.34% Gujarat Fluorochemicals Ltd 0.32% Cummins India Ltd 0.32% Siemens Ltd 0.31% Kalpataru Power Transmission Ltd 0.25% Glenmark Pharmaceuticals Ltd 0.24% PI Industries Ltd 0.23% Havells India Ltd 0.22% V-Mart Retail Limited 0.22% Pidilite Industries Ltd 0.17% ICICI Bank Ltd 0.15% HCL Technologies Ltd 0.14% Castrol India Ltd (FV Rs. 5/-) 0.14% Federal Bank Ltd 0.10% Whirlpool of India Ltd 0.08% IDFC Bank Ltd 0.08% JK Cements Ltd 0.08% Oracle Financial Services Software Ltd 0.07% Bharat Forge Ltd 0.06% Raymond Ltd 0.06% The South Indian Bank Ltd 0.05% UPL Limited 0.04% IDFC_28/01/ % LUPIN_28/01/ % EICHERMOT_28/01/ % SUNPHARMA_28/01/ % ONGC_28/01/ % MRF_28/01/ % BANKBARODA_28/01/ % HDFC_28/01/ % LICHSGFIN_28/01/ % ITC_28/01/ % AXISBANK_28/01/ % MARUTI_28/01/ % HDFCBANK_28/01/ % RELIANCE_28/01/ % Cash & Current Assets 6.30% Net receivables / payables 49.27% Total % Tax Savings Solutions Life Tax Relief 96 % Sundaram Clayton Ltd 6.63% Honeywell Automation India Ltd 5.75% ICRA Ltd 4.85% Bayer Cropscience Ltd 4.47% Kotak Mahindra Bank Ltd 4.41% MRF Ltd 3.55% Jet Airways India Ltd 3.52% Zee Entertainment Enterprises Ltd 3.39% Pfizer Ltd 3.20% Reliance Industries Ltd 2.96% Thomas Cook India Ltd 2.87% Shoppers Stop Ltd 2.85% Housing Development Finance Corporation Ltd 2.61% Tata Consultancy Services Ltd 2.60% Indusind Bank Ltd 2.48% ICICI Bank Ltd 2.44% HDFC Bank Ltd 2.27% Bosch Ltd 2.24% Biocon Ltd 2.18% Cummins India Ltd 2.16% Larsen & Toubro Ltd 2.01% Hitachi Home and Life Solution India Ltd 1.92% Grasim Industries Ltd 1.90% Shree Cement Ltd 1.90% Axis Bank Ltd 1.79% Gillette India Ltd 1.66% Glaxosmithkline Pharmaceuticals Ltd 1.62% Yes Bank Ltd 1.60% Maruti Suzuki India Ltd 1.56% Sun Pharmaceuticals Industries Ltd 1.49% Tata Motors Ltd 1.47% HCL Technologies Ltd 1.37% Infosys Ltd 1.36% Hindustan Unilever Ltd 1.25% Century Textiles & Industries Ltd 1.06% Capital First Limited 1.03% Tech Mahindra Ltd 0.94% ITC Ltd 0.72% Mahindra & Mahindra Ltd 0.51% Ashok Leyland Ltd 0.51% SKS Microfinance Ltd 0.41% Colgate Palmolive India Ltd 0.40% Container Corporation of India Ltd 0.39% IDFC Bank Ltd 0.35% IDFC Ltd. 0.28% Vedanta Ltd 0.23% Kansai Nerolac Paints Ltd 0.23% United Breweries Holdings Ltd 0.20% Bharat Bijlee Ltd 0.18% Magnasound (I) Ltd 0.00% Cash & Current Assets 2.50% Net receivables / payables -0.24% Total % Life Tax Plan % Sundaram Clayton Ltd 6.61% Honeywell Automation India Ltd 5.66% ICRA Ltd 4.79% Bayer Cropscience Ltd 4.45% Kotak Mahindra Bank Ltd 4.40% MRF Ltd 3.53% Jet Airways India Ltd 3.50% Zee Entertainment Enterprises Ltd 3.39% Pfizer Ltd 3.15% Reliance Industries Ltd 2.95% Shoppers Stop Ltd 2.87% Thomas Cook India Ltd 2.83% Housing Development Finance Corporation Ltd 2.61% Tata Consultancy Services Ltd 2.60% Indusind Bank Ltd 2.48% ICICI Bank Ltd 2.43% HDFC Bank Ltd 2.27% Bosch Ltd 2.24% Biocon Ltd 2.17% Cummins India Ltd 2.15% Larsen & Toubro Ltd 2.01% Hitachi Home and Life Solution India Ltd 1.91% Grasim Industries Ltd 1.90% Shree Cement Ltd 1.89% Axis Bank Ltd 1.78% Gillette India Ltd 1.64% Yes Bank Ltd 1.63% Glaxosmithkline Pharmaceuticals Ltd 1.60% Maruti Suzuki India Ltd 1.59% Sun Pharmaceuticals Industries Ltd 1.51% Tata Motors Ltd 1.47% Infosys Ltd 1.40% HCL Technologies Ltd 1.39% Hindustan Unilever Ltd 1.23% Century Textiles & Industries Ltd 1.08% Capital First Limited 1.02% Tech Mahindra Ltd 0.97% ITC Ltd 0.73% Ashok Leyland Ltd 0.53% Mahindra & Mahindra Ltd 0.49% Colgate Palmolive India Ltd 0.42% SKS Microfinance Ltd 0.38% Container Corporation of India Ltd 0.36% IDFC Bank Ltd 0.35% IDFC Ltd. 0.27% Vedanta Ltd 0.25% Kansai Nerolac Paints Ltd 0.24% United Breweries Holdings Ltd 0.20% Bharat Bijlee Ltd 0.19% Cash & Current Assets 3.00% Net receivables / payables -0.52% Total % % Sundaram Clayton Ltd 6.51% Honeywell Automation India Ltd 5.56% ICRA Ltd 4.70% Bayer Cropscience Ltd 4.37% Kotak Mahindra Bank Ltd 4.32% MRF Ltd 3.47% Jet Airways India Ltd 3.44% Zee Entertainment Enterprises Ltd 3.32% Pfizer Ltd 3.09% Reliance Industries Ltd 2.90% Shoppers Stop Ltd 2.85% Thomas Cook India Ltd 2.78% Housing Development Finance Corporation Ltd 2.56% Tata Consultancy Services Ltd 2.55% Indusind Bank Ltd 2.43% Regular Income Solutions ICICI Bank Ltd 2.39% HDFC Bank Ltd 2.23% Bosch Ltd 2.19% Biocon Ltd 2.13% Life Monthly Income Cummins India Ltd 2.10% Larsen & Toubro Ltd 1.97% Grasim Industries Ltd 1.87% Rating % Hitachi Home and Life Solution India Ltd 1.87% 8.15% GOI (MD 24/11/2026) SOV 16.56% Shree Cement Ltd 1.86% Power Finance Corporation Ltd CRISIL AAA 13.26% Axis Bank Ltd 1.75% IDBI Bank Ltd CRISIL AA % Gillette India Ltd 1.60% 7.59% GOI (MD 20/03/2029) SOV 11.47% Yes Bank Ltd 1.57% 8.27% GOI (MD 09/06/2020) SOV 7.97% Glaxosmithkline Pharmaceuticals Ltd 1.57% 8.83% GOI (MD 25/11/2023) SOV 4.10% Maruti Suzuki India Ltd 1.54% 8.13% GOI (MD 22/06/2045) SOV 3.53% Sun Pharmaceuticals Industries Ltd 1.46% Repco Home Finance Ltd 2.55% Tata Motors Ltd 1.45% 8.17% GOI (MD 01/12/2044) SOV 1.97% HCL Technologies Ltd 1.34% 7.72% GOI (MD 25/05/2025) SOV 1.95% Infosys Ltd 1.33% 7.73% GOI (MD 19/12/2034) SOV 1.90% Hindustan Unilever Ltd 1.21% Century Textiles & Industries Ltd 1.04% 8.28% GOI (M/D 21/09/2027) SOV 1.59% Capital First Limited 1.00% Eicher Motors Ltd 1.32% Tech Mahindra Ltd 0.93% Bajaj Finance Ltd 1.08% ITC Ltd 0.71% Power Grid Corporation of India Ltd CRISIL AAA 1.00% Ashok Leyland Ltd 0.51% V-Mart Retail Limited 0.98% Mahindra & Mahindra Ltd 0.48% HDFC Bank Ltd 0.84% Colgate Palmolive India Ltd 0.39% 9.40% Andhra Pradesh SDL SKS Microfinance Ltd 0.38% (MD 30/01/2024) SOV 0.83% Container Corporation of India Ltd 0.36% Reliance Industries Ltd 0.79% IDFC Bank Ltd 0.33% Kewal Kiran Clothing Limited 0.77% IDFC Ltd. 0.26% Indusind Bank Ltd 0.61% Vedanta Ltd 0.22% Power Grid Corporation of India Ltd CRISIL AAA 0.60% Kansai Nerolac Paints Ltd 0.21% KPR Mill Ltd 0.51% United Breweries Holdings Ltd 0.18% Axis Bank Ltd 0.48% Bharat Bijlee Ltd 0.16% ICICI Bank Ltd 0.41% Magnasound (I) Ltd 0.00% Cash & Current Assets 4.80% Omkar Speciality Chemicals Limited 0.39% Net receivables / payables -0.18% Hindustan Petroleum Corporation Ltd 0.38% Total % Inox Wind Ltd 0.37% VRL Logistic Ltd 0.35% Life Tax Savings Fund Hero MotoCorp Ltd 0.32% Orbit Exports Ltd 0.30% Grasim Industries Ltd 0.29% Dr. Lal Pathlabs Limited 0.29% Power Finance Corporation Ltd CRISIL AAA 0.29% Shriram City Union Finance Limited 0.29% Cyient Limited 0.28% City Union Bank Ltd 0.28% Monte Carlo Fashions Ltd 0.25% Cummins India Ltd 0.22% Emami Ltd 0.20% Sun Pharmaceuticals Industries Ltd 0.18% Oriental Hotels Ltd 0.17% Atul Auto Ltd 0.10% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.03% Magnasound (I) Ltd 0.00% Cash & Current Assets 5.17% Total % 87

91 Portfolio Life MIP Life MIP II - Wealth 25 Plan Rating % 7.59% GOI (MD 20/03/2029) SOV 29.40% 8.17% GOI (MD 01/12/2044) SOV 8.71% 8.24% GOI (MD 10/11/2033) SOV 8.03% 7.73% GOI (MD 19/12/2034) SOV 4.11% 8.27% GOI (MD 09/06/2020) SOV 3.35% 8.27% Karnataka SDL(MD 23/12/2025) SOV 2.35% 8.26% Maharashtra SDL (MD 23/12/2025) SOV 2.35% Natco Pharma Ltd 1.98% Eicher Motors Ltd 1.77% Repco Home Finance Ltd 1.71% 8.13% GOI (MD 22/06/2045) SOV 1.60% Sun Pharmaceuticals Industries Ltd 1.33% Yes Bank Ltd 1.20% GRANULES INDIA LIMITED 1.01% Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.94% Berger Paints India Ltd 0.94% 7.72% GOI (MD 25/05/2025) SOV 0.94% Dalmia Bharat Limited 0.93% Tata Motors Ltd 0.92% Bajaj Finance Ltd 0.90% Bharat Electronics Ltd 0.85% Bajaj Finserv Ltd 0.75% IDBI Bank Ltd CRISIL AA- 0.74% Yes Bank Ltd ICRA AA+ 0.68% Wabco India Ltd 0.67% Orient Cement Ltd 0.66% Voltas Ltd 0.64% Maruti Suzuki India Ltd 0.64% Capital First Limited 0.63% TVS Motor Company Ltd 0.61% Axis Bank Ltd 0.59% HDFC Bank Ltd 0.57% Indusind Bank Ltd 0.55% VA Tech Wabag Ltd 0.51% Godrej Consumer Products Ltd 0.50% Power Finance Corporation Ltd CRISIL AAA 0.48% 8.35% GOI (MD 14/05/2022) SOV 0.48% Gail (India) Ltd 0.45% V-Mart Retail Limited 0.42% Kalpataru Power Transmission Ltd 0.42% Bayer Cropscience Ltd 0.41% Alstom T&D India Ltd 0.40% Hindustan Petroleum Corporation Ltd 0.39% PI Industries Ltd 0.38% Page Industries Ltd 0.38% Cummins India Ltd 0.37% V GUARD INDUSTRIES LIMITED 0.36% AIA Engineering Ltd 0.35% Thomas Cook India Ltd 0.34% Emami Ltd 0.34% KPR Mill Ltd 0.33% Gujarat Fluorochemicals Ltd 0.31% 8.15% GOI (MD 24/11/2026) SOV 0.28% Atul Auto Ltd 0.28% VRL Logistic Ltd 0.27% Dr. Lal Pathlabs Limited 0.27% Cyient Limited 0.26% Bosch Ltd 0.26% J.Kumar Infraprojects Ltd 0.24% MRF Ltd 0.22% Hitachi Home and Life Solution India Ltd 0.21% Oracle Financial Services Software Ltd 0.21% Pidilite Industries Ltd 0.21% 8.83% GOI (MD 25/11/2023) SOV 0.20% Monte Carlo Fashions Ltd 0.19% Ramkrishna Forgings Ltd 0.19% Astra Microwave Products Ltd 0.17% Whirlpool of India Ltd 0.09% IDBI Bank Ltd CRISIL AA+ 0.09% Yes Bank Ltd ICRA AA+ 0.07% 6% Cum. NCv. Prefer Zee Rating % 8.15% GOI (MD 24/11/2026) SOV 19.39% 8.13% GOI (MD 22/06/2045) SOV 9.65% IDBI Bank Ltd CRISIL AA- 7.62% Power Finance Corporation Ltd CRISIL AAA 6.92% IDBI Bank Ltd CRISIL AA+ 6.63% 9.40% Andhra Pradesh SDL (MD 30/01/2024) SOV 5.12% 8.27% GOI (MD 09/06/2020) SOV 4.90% 8.24% GOI (MD 10/11/2033) SOV 4.85% 8.17% GOI (MD 01/12/2044) SOV 4.84% 7.72% GOI (MD 25/05/2025) SOV 4.79% 6.90% GOI (MD 13/07/2019) SOV 2.85% Repco Home Finance Ltd 1.19% 8.40% GOI (MD 28/07/2024) SOV 0.99% Bajaj Finance Ltd 0.98% HDFC Bank Ltd 0.93% Eicher Motors Ltd 0.93% V-Mart Retail Limited 0.89% Kewal Kiran Clothing Limited 0.82% Reliance Industries Ltd 0.80% Indusind Bank Ltd 0.61% ITC Ltd 0.60% ICICI Bank Ltd 0.57% Infosys Ltd 0.57% KPR Mill Ltd 0.53% Power Finance Corporation Ltd CRISIL AAA 0.52% HCL Technologies Ltd 0.48% Inox Wind Ltd 0.39% Hindustan Petroleum Corporation Ltd 0.38% VRL Logistic Ltd 0.36% Sun Pharmaceuticals Industries Ltd 0.34% Cummins India Ltd 0.32% Hero MotoCorp Ltd 0.31% Axis Bank Ltd 0.29% Shriram City Union Finance Limited 0.29% Dr. Lal Pathlabs Limited 0.29% Grasim Industries Ltd 0.24% Entertainment Enter'es Ltd % Pay Fix & Rec Mibor Cyient Limited 0.23% (26/11/17) HDFCBK Federal Bank Ltd 0.21% Crompton Greaves Ltd 0.21% LIC Housing Finance Ltd 0.19% Emami Ltd 0.15% Monte Carlo Fashions Ltd 0.13% Hindustan Zinc Ltd 0.13% Muthoot Finance Ltd 0.12% Alstom India Limited 0.12% Oracle Financial Services Software Ltd 0.12% Atul Auto Ltd 0.11% INDO COUNT INDUSTRIES LIMITED 0.11% Orbit Exports Ltd 0.07% D.B.Corp Ltd 0.05% Jagran Prakashan Ltd 0.05% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.01% NTPC Ltd CRISIL AAA 0.00% Cash & Current Assets 5.79% Total % 9.40% Andhra Pradesh SDL (MD 30/01/2024) 0.01% 0.00% Cash & Current Assets 5.59% Total % Life MIP - Savings 5 Plan Rating % 8.15% GOI (MD 24/11/2026) SOV 24.15% Power Finance Corporation Ltd CRISIL AAA 14.45% 7.59% GOI (MD 20/03/2029) SOV 9.82% 8.13% GOI (MD 22/06/2045) SOV 9.68% IDBI Bank Ltd CRISIL AA- 8.36% 8.27% GOI (MD 09/06/2020) SOV 8.19% 8.17% GOI (MD 01/12/2044) SOV 5.26% 8.24% GOI (MD 10/11/2033) SOV 2.03% 7.72% GOI (MD 25/05/2025) SOV 2.00% Repco Home Finance Ltd 1.65% SOV 1.28% Yes Bank Ltd ICRA AA+ 1.25% Eicher Motors Ltd 0.81% V-Mart Retail Limited 0.68% Bajaj Finance Ltd 0.58% HDFC Bank Ltd 0.56% Reliance Industries Ltd 0.52% Kewal Kiran Clothing Limited 0.50% Indusind Bank Ltd 0.40% KPR Mill Ltd 0.35% VRL Logistic Ltd 0.33% Inox Wind Ltd 0.33% Axis Bank Ltd 0.30% Dr. Lal Pathlabs Limited 0.29% City Union Bank Ltd 0.27% ICICI Bank Ltd 0.26% Hindustan Petroleum Corporation Ltd 0.25% Omkar Speciality Chemicals Limited 0.23% 9.41% Kerala SDL (MD 30/01/2024) SOV 0.21% Orbit Exports Ltd 0.20% Shriram City Union Finance Limited 0.18% Grasim Industries Ltd 0.18% Monte Carlo Fashions Ltd 0.16% Cummins India Ltd 0.14% Emami Ltd 0.13% Sun Pharmaceuticals Industries Ltd 0.12% Cyient Limited 0.12% Oriental Hotels Ltd 0.10% Hero MotoCorp Ltd 0.10% Atul Auto Ltd 0.07% 8.62% Tamil Nadu SDL (MD 20/02/2023) SOV 0.05% Cash & Current Assets 3.41% Total % 88 Savings Solutions Life Cash Plus Rating % Power Finance Corporation Ltd CRISIL A % Kotak Mahindra Bank Ltd 4.36% ICICI Bank Ltd 3.21% 91 Days Tbill (MD 31/03/2016) SOV 2.76% 91 Days Tbill (MD 25/02/2016) SOV 2.30% Corporation Bank CRISIL A % LIC Housing Finance Ltd CRISIL A % Indusind Bank Ltd CRISIL A % Housing Development Finance Corporation Ltd ICRA A % Corporation Bank CRISIL A % Vedanta Ltd CRISIL A % 182 Days Tbill (MD 25/02/2016) SOV 1.73% Reliance Jio Infocomm Limited CARE A % Vedanta Ltd CRISIL A % Export Import Bank of India CRISIL A % IDBI Bank Ltd CRISIL A % JSW Steel Ltd CARE A % Reliance Capital Ltd CRISIL A % 91 Days Tbill (MD 28/03/2016) SOV 1.34% National Fertilizers Ltd CRISIL A % Deutsche Bank UNRATED 1.16% Reliance Capital Ltd CRISIL A % Export Import Bank of India CRISIL A % L and T Fincorp Limited CARE A % National Bank For Agriculture and Rural Development CRISIL A % Tata Power Company Ltd ICRA A % IDBI Bank Ltd CRISIL A % Vijaya Bank CARE A % Adani Ports and Special Economic Zone Ltd [ICRA]A % National Bank For Agriculture and Rural Development CRISIL A % RBL Bank Limited [ICRA]A % Adani Ports and Special Economic Zone Ltd [ICRA]A % Dewan Housing Finance Corporation Ltd CRISIL A % Tata Capital Housing Finance Ltd CRISIL A % HDB Financial Services Ltd CARE A % Mahindra & Mahindra Financial Services Ltd IND A % Punjab & Sind Bank ICRA A % Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.85% Citicorp Finance India Ltd ICRA A % Gruh Finance Ltd [ICRA]A % Oriental Bank of Commerce CRISIL A % Kotak Mahindra Bank Ltd CRISIL A % Mahindra & Mahindra Financial Services Ltd CRISIL AA+ 0.70% Indusind Bank Ltd CRISIL A % Export Import Bank of India CRISIL A % Piramal Enterprises Ltd ICRA A % Syndicate Bank CARE A % Reliance Capital Ltd CRISIL A % Small Industries Dev Bank of India CARE A % ONGC Mangalore Petrochemicals Ltd [ICRA]A % Housing Development Finance Corporation Ltd ICRA A % Religare Finvest Ltd IND A % Housing Development Finance Corporation Ltd CRISIL AAA 0.63% GIC Housing Finance Ltd ICRA A % RBL Bank Limited ICRA A % Hero Fincorp Limited CRISIL A % STCI Finance Limited CRISIL A % Corporation Bank CRISIL A % Deutsche Investments India Pvt Ltd CRISIL A % Axis Finance Limited IND A % Credila Financial Services Pvt Ltd ICRA A % Tata Capital Financial Services Ltd ICRA A % Reliance Capital Ltd CRISIL A % Tata Capital Ltd CRISIL A % ICICI Securities Ltd CRISIL A % JM Financial Products Ltd ICRA A % Reliance Capital Ltd CRISIL A % Yes Bank Ltd [ICRA]A % South Indian Bank Ltd CARE A % Edelweiss Financial Services Ltd CRISIL A % Adani Transmission Ltd IND A % National Bank For Agriculture and Rural Development CRISIL A % Shapoorji Pallonji and Company Private Ltd [ICRA]A %

92 Portfolio Kotak Mahindra Prime Ltd CRISIL A % Kotak Mahindra Prime Ltd CRISIL A % Can Fin Homes Ltd [ICRA]A % Tata Capital Ltd CRISIL A % Reliance Capital Ltd CRISIL A % Vijaya Bank CARE A % National Bank For Agriculture and Rural Development CRISIL A % TATA Realty & Infrastructure Ltd [ICRA]A % Adani Ports and Special Economic Zone Ltd [ICRA]A % Shapoorji Pallonji and Company Private Ltd [ICRA]A % Axis Finance Limited IND A % Deutsche Investments India Pvt Ltd CRISIL A % HDB Financial Services Ltd CARE AAA 0.40% ICICI Securities Ltd CRISIL A % 91 Days Tbill (MD 12/02/2016) SOV 0.36% JM Financial Products Ltd ICRA A % I L & F S Ltd CARE A % GIC Housing Finance Ltd [ICRA]A % Punjab & Sind Bank ICRA A % JM Financial Products Ltd [ICRA]A % Cholamandalam Investment and Finance Company Ltd ICRA AA 0.33% SBI Global Factors Ltd [ICRA]A % Housing Development Finance Corporation Ltd CRISIL AAA 0.30% SBI Global Factors Ltd ICRA A % South Indian Bank Ltd CARE A % Hero Fincorp Limited CRISIL A % ICICI Securities Ltd CRISIL A % Kotak Mahindra Investments Ltd CRISIL A % ICICI Securities Ltd CRISIL A % Yes Bank Ltd [ICRA]A % Adani Ports and Special Economic Zone Ltd [ICRA]A % Toyota Financial Services India Ltd. CRISIL A % Indiabulls Housing Finance Ltd CRISIL A % Toyota Financial Services India Ltd. CRISIL A % Canara Bank CRISIL A % Punjab National Bank CARE A % JM Financial Products Ltd [ICRA]A % Vijaya Bank CARE A % Tata Housing Development Co Ltd CARE A % Tata Housing Development Co Ltd CARE A % MAHINDRA RURAL HOUSING FINANCE IND A % Cholamandalam Investment and Finance Company Ltd [ICRA]A % Toyota Financial Services India Ltd. CRISIL A % Corporation Bank CRISIL A % 91 Days Tbill (MD 17/03/2016) SOV 0.21% MAHINDRA RURAL HOUSING FINANCE IND A % Housing Development Finance Corporation Ltd ICRA A % Tata Capital Financial Services Ltd ICRA AA+ 0.12% IDFC Bank Ltd ICRA AAA 0.12% Kotak Mahindra Investments Ltd CRISIL A % Barclays Invest & Loans India Ltd ICRA A % Sundaram Finance Ltd CRISIL A % Network18 Media & Investments Ltd [ICRA]A1+ (SO) 0.12% Indusind Bank Ltd CRISIL A % LIC Housing Finance Ltd CRISIL A % Network18 Media & Investments Ltd [ICRA]A1+ (SO) 0.12% Kotak Mahindra Investments Ltd CRISIL A % I L & F S Ltd ICRA A % Kotak Mahindra Investments Ltd CRISIL A % State Bank of Bikaner and Jaipur CARE A % TV18 Broadcast Ltd [ICRA]A % Vijaya Bank CARE A % TV18 Broadcast Ltd [ICRA]A % Network18 Media & Investments Ltd [ICRA]A1+ (SO) 0.11% RBL Bank Limited [ICRA]A % Infina Finance Private Limited CRISIL A % Godrej Agrovet Ltd ICRA A % Citicorp Finance India Ltd ICRA A % Tata Motors Finance Ltd [ICRA]A % Tata Motors Finance Ltd CRISIL AA 0.09% IDFC Bank Ltd ICRA AAA 0.09% Housing Development Finance Corporation Ltd CRISIL AAA 0.02% Corporation Bank CRISIL A % Tata Capital Financial Services Ltd [ICRA]A % Power Finance Corporation Ltd CARE A % Sundaram Finance Ltd CRISIL A % Cash & Current Assets 1.19% Total % Life Cash Manager Rating % Indian Overseas Bank [ICRA]A % GSPC Distribution Networks Ltd. CARE AA+(SO) 4.15% Vijaya Bank CARE A % Punjab & Sind Bank ICRA A % TATA Realty & Infrastructure Ltd ICRA A % TATA Realty & Infrastructure Ltd ICRA A % Family Credit Ltd CARE AA+ 2.87% Tata Capital Financial Services Ltd CRISIL AA+ 2.86% Indiabulls Housing Finance Ltd CARE AAA 2.63% National Housing Bank CRISIL AAA 2.38% S.D. Corporation Pvt. Ltd ICRA AA+(SO) 2.23% IND AA+ 2.15% Shriram Transport Finance Company Ltd Small Industries Dev Bank of India CRISIL AAA 2.06% Tata Capital Financial Services Ltd CRISIL AA+ 1.99% Sundaram Finance Ltd ICRA AA+ 1.98% Vedanta Ltd CRISIL A % Shriram Transport Finance Company CARE AA+ 1.77% Ltd Indiabulls Housing Finance Ltd CARE AAA 1.72% Kotak Mahindra Bank Ltd CRISIL A % Sundaram Finance Ltd CRISIL AA+ 1.59% Piramal Enterprises Ltd ICRA AA 1.59% Power Finance Corporation Ltd ICRA AAA 1.59% Cholamandalam Investment and ICRA AA 1.58% Finance Company Ltd Tata Power Company Ltd ICRA A % 91 Days Tbill (MD 10/03/2016) SOV 1.57% Cholamandalam Investment and Finance Company Ltd ICRA A % Talwandi Sabo Power Ltd CRISIL A1+(SO) 1.56% Tata Motors Finance Ltd ICRA A % TATA Realty & Infrastructure Ltd ICRA A % Indiabulls Housing Finance Ltd CARE AAA 1.44% Tata Housing Development Co Ltd ICRA AA 1.42% Tata Motors Finance Ltd ICRA A % Shriram Transport Finance Company Ltd CRISIL AA+ 1.38% Cholamandalam Investment and Finance Company Ltd ICRA AA 1.35% Fullerton India Credit Co Ltd ICRA A % Housing Development Finance Corporation Ltd CRISIL AAA 1.12% Tata Capital Financial Services Ltd CRISIL AA+ 1.11% S.D. Corporation Pvt. Ltd CARE A1+(SO) 1.09% Cholamandalam Investment and Finance Company Ltd ICRA AA 1.06% Grand View Estates Pvt Ltd ICRA AA(SO) 1.04% SREI Equipment Finance Ltd CARE AA- 0.95% RHC Holding Pvt Ltd CARE A(SO) 0.91% 8.39% Gujarat SDL (MD 27/03/2018) SOV 0.80% Cholamandalam Investment and Finance Company Ltd ICRA AA 0.80% IDL Speciality Chemicals Ltd IND A+(SO) 0.79% Piramal Enterprises Ltd ICRA A % Satin Creditcare Network Ltd ICRA A1+(SO) 0.75% ICICI Home Finance Company Ltd CARE AAA 0.72% Cholamandalam Investment and Finance Company Ltd ICRA AA 0.67% 8.67% Karnataka SDL (MD 18/07/2017) SOV 0.64% Pantaloons Fashion & Retail Limited ICRA AA 0.64% 8.75% Gujarat SDL(MD 03/10/2016) SOV 0.64% Tata Housing Development Co Ltd ICRA AA 0.64% Punjab & Sind Bank ICRA A % Tata Motors Finance Ltd CRISIL AA 0.56% Floreat Investments Ltd ICRA AA+(SO) 0.54% LIC Housing Finance Ltd CRISIL AAA 0.52% Jyothy Laboratories Ltd CARE AA- 0.48% Shriram Transport Finance Company Ltd CRISIL AA+ 0.48% ICICI Home Finance Company Ltd ICRA AAA 0.48% Adani Ports and Special Economic Zone Ltd ICRA AA+ 0.48% LIC Housing Finance Ltd CRISIL AAA 0.40% LIC Housing Finance Ltd CRISIL AAA 0.40% Tata Motors Ltd ICRA AA 0.40% 8.68% Karnatka SDL (MD 07/11/2017) SOV 0.39% Canara Bank CRISIL A % Shapoorji Pallonji and Company ICRA A % Private Ltd Cholamandalam Investment and Finance Company Ltd ICRA AA 0.16% Andhra Bank CARE A % Tata Sons Ltd CRISIL AAA 0.08% 182 Days Tbill (MD 10/03/2016) SOV 0.01% Cash & Current Assets 2.84% Total % Life Savings Fund Rating % Kotak Mahindra Bank Ltd CRISIL A % 8.12% GOI (MD 10/12/2020) SOV 5.50% Indiabulls Housing Finance Ltd CARE AAA 5.15% Talwandi Sabo Power Ltd CRISIL A1+(SO) 4.45% Dewan Housing Finance Corporation Ltd CARE AAA 3.62% Indiabulls Housing Finance Ltd CARE AAA 2.97% Power Finance Corporation Ltd CRISIL AAA 2.83% Corporation Bank CRISIL A % ICICI Bank Ltd [ICRA]A % Vijaya Bank CARE A % Hinduja Leyland Finance Ltd CARE A+ 2.31% Vodafone India Ltd CRISIL A % Vedanta Ltd CRISIL A % Dewan Housing Finance Corporation Ltd CARE AAA 2.23% Religare Finvest Ltd IND AA- 1.95% 7.83% GOI (MD 11/04/2018) SOV 1.91% ONGC Mangalore Petrochemicals Ltd ICRA A % Talwandi Sabo Power Ltd CRISIL AA (SO) 1.61% Religare Finvest Ltd IND AA- 1.58% Dewan Housing Finance Corporation Ltd CARE AAA 1.55% 8.40% Rajasthan SDL (MD 27/03/2018) SOV 1.40% Cholamandalam Investment and Finance Company Ltd ICRA AA 1.39% Cholamandalam Investment and Finance Company Ltd ICRA AA 1.38% Talwandi Sabo Power Ltd CRISIL A1+(SO) 1.36% 8.78% Haryana SDL (MD 23/07/2017) SOV 1.27% Shriram Transport Finance Company Ltd IND AA+ 1.16% Piramal Enterprises Ltd ICRA A % Kotak Mahindra Prime Ltd CRISIL A % Shapoorji Pallonji and Company Private Ltd ICRA A % ECL Finance Ltd ICRA AA 1.01% Cholamandalam Investment and Finance Company Ltd ICRA AA 0.97% 8.39% TAMIL NADU SDL (MD 19/12/2017) SOV 0.94% Tata Motors Finance Ltd CRISIL AA 0.93% ONGC Mangalore Petrochemicals Ltd ICRA A % Shapoorji Pallonji and Company Private Ltd ICRA A % Tata Power Company Ltd ICRA A % Cholamandalam Investment and Finance Company Ltd ICRA A % Cholamandalam Investment and Finance Company Ltd ICRA A % Cholamandalam Investment and Finance Company Ltd ICRA A % Tata Motors Finance Ltd ICRA A % Kotak Mahindra Prime Ltd CRISIL AAA 0.84% Indiabulls Housing Finance Ltd CARE AAA 0.75% 8.67% Karnataka SDL (MD 18/07/2017) SOV 0.70% Tata Capital Financial Services Ltd CRISIL AA+ 0.69% Tata Motors Finance Ltd CRISIL AA 0.69% Indusind Bank Ltd CRISIL A % Small Industries Dev Bank of India CARE A % Indiabulls Housing Finance Ltd CARE AAA 0.66% Shriram Transport Finance Company Ltd IND AA+ 0.56% Cholamandalam Investment and Finance Company Ltd ICRA AA 0.56% Tata Motors Finance Ltd ICRA A % Cholamandalam Investment and Finance Company Ltd ICRA AA 0.54% LIC Housing Finance Ltd CRISIL AAA 0.49% Shriram Transport Finance Company Ltd CRISIL AA+ 0.47% Shriram Transport Finance Company Ltd IND AA+ 0.46% Shriram Transport Finance Company Ltd CRISIL AA+ 0.46% Piramal Enterprises Ltd ICRA A % 91 Days Tbill (MD 18/02/2016) SOV 0.46% Kotak Mahindra Investments Ltd CRISIL A % Export Import Bank of India CRISIL A % National Bank For Agriculture and Rural Development CRISIL A % Piramal Enterprises Ltd ICRA A % Vijaya Bank CARE A % Fullerton India Credit Co Ltd ICRA A % National Bank For Agriculture and Rural CRISIL A % Development Vodafone India Ltd CRISIL A % Barclays Invest & Loans India Ltd ICRA A % Housing Development Finance CRISIL AAA 0.42% Corporation Ltd Tata Motors Finance Ltd CRISIL AA 0.42% I L & F S Ltd ICRA A % 8.07% GOI 2017 (M/D ) SOV 0.33% SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.24% SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.24% 8.85% Haryana SDL (MD 13/08/2016) SOV 0.23% Sundaram Finance Ltd ICRA AA+ 0.23% Sundaram Finance Ltd ICRA AA+ 0.23% 89

93 Portfolio Kotak Mahindra Prime Ltd CRISIL AAA 0.23% CRISIL AAA Powergrid Vizag Transmission Limited 0.95% Shriram Transport Finance Company (SO) IND AA+ 0.23% Ltd India Infradebt Ltd CRISIL AAA 0.87% Power Finance Corporation Ltd CRISIL AAA 0.23% Power Finance Corporation Ltd CRISIL AAA 0.81% Power Finance Corporation Ltd CRISIL AAA 0.23% Power Finance Corporation Ltd CRISIL AAA 0.74% Bank of India CRISIL A % ICRA SP Jammu Udhampur Highway Ltd 91 Days Tbill (MD 31/03/2016) SOV 0.23% AAA(SO) 0.71% Shapoorji Pallonji and Company Private ICRA [ICRA]A % Nabha Power Ltd Ltd AAA(SO) 0.68% Sundaram BNP Paribas Home Finance IDFC Bank Ltd ICRA AAA 0.67% CARE AA+ 0.22% Ltd ICRA SP Jammu Udhampur Highway Ltd 0.66% 8.74% Karnataka SDL (MD 22/08/2016) SOV 0.19% AAA(SO) Small Industries Dev Bank of India CRISIL AAA 0.19% ICRA SP Jammu Udhampur Highway Ltd 8.77% Karnataka SDL (MD 21/11/2016) SOV 0.18% AAA(SO) 0.65% Tata Capital Financial Services Ltd CRISIL AA+ 0.16% ICRA SP Jammu Udhampur Highway Ltd Hero Fincorp Limited CRISIL AA+ 0.15% AAA(SO) 0.62% 8.71% Gujarat SDL(MD 05/09/2016) SOV 0.14% ICRA SP Jammu Udhampur Highway Ltd 0.62% Housing Development Finance AAA(SO) CRISIL AAA 0.14% Corporation Ltd ICRA SP Jammu Udhampur Highway Ltd 0.59% Cholamandalam Investment and AAA(SO) ICRA AA 0.10% Finance Company Ltd ICRA SP Jammu Udhampur Highway Ltd 0.59% Kotak Mahindra Investments Ltd CRISIL AAA 0.09% AAA(SO) Talwandi Sabo Power Ltd CRISIL AA CRISIL AA 0.09% Talwandi Sabo Power Ltd (SO) (SO) 0.58% IOT Utkal Energy Services Limited CRISIL AAA CRISIL AA 0.05% Talwandi Sabo Power Ltd (SO) (SO) 0.58% 9.60% Gujarat SDL(MD 12/03/2018) SOV 0.05% Indiabulls Housing Finance Ltd CARE AAA 0.57% Tata Sons Ltd CRISIL AAA 0.05% Cholamandalam Investment and Rural Electrification Corporation Ltd CRISIL AAA 0.05% Finance Company Ltd ICRA AA 0.56% IDFC Bank Ltd ICRA AAA 0.05% 8.70% Uttar Pradesh SDL (MD Canara Bank CRISIL A % 04/10/2020) SOV 0.54% 6.76% Pay Fix & Rec Mibor (16/10/20) 8.37% Punjab SDL (MD 22/09/2020) SOV 0.53% 0.00% HSBCBK IDFC Bank Ltd ICRA AAA 0.53% % Pay Fix & Rec Mibor Shriram Transport Finance Company 0.00% (30/09/20) HSBCBK Ltd IND AA+ 0.53% 6.73% Pay Fix & Rec Mibor (21/10/20) ICICI Home Finance Company Ltd ICRA AAA 0.53% 0.00% HSBCBK Rural Electrification Corporation Ltd CRISIL AAA 0.43% 6.88% Pay Fix & Rec Mibor (21/09/20) Power Finance Corporation Ltd CRISIL AAA 0.43% 0.00% HSBCBK ICICI Home Finance Company Ltd CARE AAA 0.38% 6.89% Pay Fix & Rec Mibor (21/09/20) Power Finance Corporation Ltd CRISIL AAA 0.32% 0.00% HSBCBK IDFC Bank Ltd ICRA AAA 0.28% 6.84% Pay Fix & Rec Mibor (30/09/20) Power Finance Corporation Ltd CRISIL AAA 0.21% 0.00% HSBCBK Shriram Transport Finance IND AA+ 0.21% 6.91% Pay Fix & Rec Mibor (21/09/20) Company Ltd 0.00% HSBCBK 7.72% GOI (MD 25/05/2025) SOV 0.21% 6.90% Pay Fix & Rec Mibor (21/09/20) Rural Electrification Corporation Ltd CRISIL AAA 0.21% 0.00% HSBCBK 6.35%GOI 2020 (MD 2/01/2020 ) SOV 0.20% 6.92% Pay Fix & Rec Mibor (21/09/20) CRISIL AAA 0.00% IOT Utkal Energy Services Limited HSBCBK (SO) 0.12% % Pay Fix & Rec Mibor 8.33% GOI 2026 (M/D 09/07/2026) SOV 0.11% 0.00% (21/09/20) ICICIBK Shriram Transport Finance Company CRISIL AA+ 0.11% % Pay Fix & Rec Mibor Ltd 0.00% (MD10/09/20) HDFCBK CRISIL AAA IOT Utkal Energy Services Limited 0.10% % Pay Fix & Rec Mibor (SO) 0.00% (MD09/09/20) HSBCBK CRISIL AAA IOT Utkal Energy Services Limited 0.10% 6.96% Pay Fix & Rec Mibor (SO) 0.00% (MD09/09/20) HSBCBK CRISIL AAA IOT Utkal Energy Services Limited 0.09% 6.98% Pay Fix & Rec Mibor (18/09/20) (SO) 0.00% HSBCBK CRISIL AAA IOT Utkal Energy Services Limited 0.09% Cash & Current Assets -1.05% (SO) Total % CRISIL AAA IOT Utkal Energy Services Limited (SO) 0.09% CRISIL AAA Life Treasury Optimizer Plan IOT Utkal Energy Services Limited 0.09% (SO) (erstwhile Life Ultra CRISIL AAA IOT Utkal Energy Services Limited 0.09% Short Term Fund) (SO) CRISIL AAA IOT Utkal Energy Services Limited 0.09% (SO) Rating % CRISIL AAA IOT Utkal Energy Services Limited 0.09% 8.40% GOI (MD 28/07/2024) SOV 14.67% (SO) 7.80% GOI (MD 03/05/2020). SOV 8.87% CRISIL AAA IOT Utkal Energy Services Limited 0.09% 8.15% GOI (MD 24/11/2026) SOV 6.49% (SO) 7.88% GOI (MD 19/03/2030) SOV 4.84% CRISIL AAA IOT Utkal Energy Services Limited 0.09% Reliance Jio Infocomm Limited CRISIL AAA 4.50% (SO) 8.12% GOI (MD 10/12/2020) SOV 3.96% CRISIL AAA IOT Utkal Energy Services Limited 0.09% Indiabulls Housing Finance Ltd CARE AAA 2.96% (SO) 8.60% GOI (MD 02/06/2028) SOV 2.86% CRISIL AAA IOT Utkal Energy Services Limited 0.09% 7.59% GOI (MD 20/03/2029) SOV 2.79% (SO) Shriram Transport Finance Company CRISIL AAA IND AA+ 2.11% IOT Utkal Energy Services Limited 0.09% Ltd (SO) Tata Capital Financial Services Ltd ICRA AA+ 2.11% CRISIL AAA IOT Utkal Energy Services Limited 0.09% ICRA (SO) S.D. Corporation Pvt. Ltd 2.09% AA+(SO) CRISIL AAA IOT Utkal Energy Services Limited 0.08% Cholamandalam Investment and (SO) ICRA A % Finance Company Ltd CRISIL AAA IOT Utkal Energy Services Limited 0.08% 7.68% GOI (MD 15/12/2023) SOV 1.99% (SO) 9.20% GOI (MD 30/09/2030) SOV 1.84% CRISIL AAA IOT Utkal Energy Services Limited 0.08% Indiabulls Housing Finance Ltd CARE AAA 1.70% (SO) Cholamandalam Investment and CRISIL AAA ICRA AA 1.66% IOT Utkal Energy Services Limited 0.08% Finance Company Ltd (SO) Shriram Transport Finance Company CRISIL AAA CRISIL AA+ 1.59% IOT Utkal Energy Services Limited 0.08% Ltd (SO) Power Finance Corporation Ltd CRISIL AAA 1.59% CRISIL AAA IOT Utkal Energy Services Limited 0.08% Reliance Utilities & Power Pvt Ltd CRISIL AAA 1.53% (SO) 8.83% GOI (MD 25/11/2023) SOV 1.33% CRISIL AAA IOT Utkal Energy Services Limited 0.08% Tata Capital Financial Services Ltd CRISIL AA+ 1.29% (SO) Cholamandalam Investment and CRISIL AAA ICRA AA 1.06% IOT Utkal Energy Services Limited 0.08% Finance Company Ltd (SO) Kotak Mahindra Prime Ltd CRISIL AAA 1.05% CRISIL AAA IOT Utkal Energy Services Limited 0.08% (SO) IOT Utkal Energy Services Limited CRISIL AAA (SO) 0.07% LIC Housing Finance Ltd CRISIL AAA 0.06% Rural Electrification Corporation Ltd CRISIL AAA 0.06% Housing Development Finance Corporation Ltd CRISIL AAA 0.05% IOT Utkal Energy Services Limited CRISIL AAA (SO) 0.04% Tata Sons Ltd CRISIL AAA 0.03% % Pay Fix & Rec Mibor (20/10/20) HSBCBK 0.02% 6.76% Pay Fix & Rec Mibor (16/10/20) HSBCBK 0.01% 6.76% Pay Fix & Rec Mibor (19/10/20) HSBCBK 0.00% IOT Utkal Energy Services Limited CRISIL AAA (SO) 0.00% Cash & Current Assets 3.43% Total % Life Dynamic Bond Fund Rating % 8.13% GOI (MD 22/06/2045) SOV 32.25% 7.59% GOI (MD 20/03/2029) SOV 26.64% Tata Motors Finance Solutions Ltd CRISIL AA 7.05% 8.83% GOI (MD 25/11/2023) SOV 6.32% 9.23% GOI (MD 23/12/2043) SOV 5.71% 8.12% GOI (MD 10/12/2020) SOV 5.41% Edelweiss Commodities Services Ltd ICRA AA 1.80% 9.20% GOI (MD 30/09/2030) SOV 1.69% 8.24% GOI (MD 10/11/2033) SOV 1.39% 7.96% Gujarat SDL (14/10/2025) SOV 1.19% 8.08% GOI (MD 02/08/2022) SOV 1.12% Edelweiss Finance & Investments LTD ICRA AA 0.90% 7.8% GOI (MD 11/04/2021) SOV 0.69% 7.88% GOI (MD 19/03/2030) SOV 0.69% Religare Finvest Ltd IND AA- 0.53% ECL Finance Ltd ICRA AA 0.50% Indiabulls Housing Finance Ltd CARE AAA 0.50% Bahadur Chand Investments Pvt Ltd ICRA AA 0.49% Reliance Jio Infocomm Limited CRISIL AAA 0.43% Adani Power Ltd BWR AA-(SO) 0.40% 7.96% Maharashtra SDL (14/10/2025) SOV 0.39% 8.30% GOI (MD 02/07/2040) SOV 0.37% 8.33% GOI 2026 (M/D 09/07/2026) SOV 0.34% Cholamandalam Investment and Finance Company Ltd ICRA AA 0.33% 6.96% Rec Fix & Pay Mibor (01/01/21) HSBC 0.33% 8.17% GOI (MD 01/12/2044) SOV 0.27% Indiabulls Housing Finance Ltd CARE AAA 0.17% Tata Capital Financial Services Ltd CRISIL AA+ 0.16% 8.32% GOI (MD 02/08/2032) SOV 0.12% 6.35%GOI 2020 (MD 2/01/2020 ) SOV 0.06% 8.29% Rajasthan SDL (MD 13/05/2025) SOV 0.04% Power Grid Corporation of India Ltd CRISIL AAA 0.03% 8.30% GOI (MD 31/12/2042) SOV 0.03% Tata Sons Ltd CRISIL AAA 0.03% 8.15% GOI (MD 24/11/2026) SOV 0.02% 7.68% GOI (MD 15/12/2023) SOV 0.02% LIC Housing Finance Ltd CRISIL AAA 0.02% 8.35% GOI (MD 14/05/2022) SOV 0.01% % Rec Fix & Pay Mibor (MD09/07/20) ICICISEC 0.01% Rural Electrification Corporation Ltd CRISIL AAA 0.01% 7.26% Rec Fix & Pay Mibor (MD30/06/19) HSBCBK 0.01% 7.21% Rec Fix & Pay Mibor (MD14/07/20) HSBCBK 0.01% 7.175% Rec Fix & Pay Mibor (MD06/07/20) HSBCBK 0.01% 91 Days Tbill (MD 04/02/2016) SOV 0.01% 7.145% Rec Fix & Pay Mibor (MD08/07/20) ICICISECPD 0.00% Housing Development Finance Corporation Ltd CRISIL AAA 0.00% 9.40% Madhya Pradesh SDL (MD 30/01/2024) SOV 0.00% 7.80% GOI (MD 03/05/2020). SOV 0.00% 8.60% GOI (MD 02/06/2028) SOV 0.00% 7.255% Rec Fix & Pay Mibor (MD30/06/17) ICICISECPD 0.00% 7.145% Rec Fix & Pay Mibor (MD08/07/20) HSBCBK 0.00% 8.33% GOI 2036 (07/06/2036) SOV 0.00% Forbes & Company Ltd CRISIL AA- 0.00% 7.35% GOI (MD 22/06/2024) SOV 0.00% 8.40% GOI (MD 28/07/2024) SOV 0.00% 7.8% Pay Fixed & Rec Mibor (MD11/07/2016) ICICIBK 0.00% % Rec Fix & Pay Mibor (MD13/11/20) HDFCBK 0.00% 6.94% Rec Fix & Pay Mibor (MD13/11/20) HDFCBK 0.00% 90

94 Portfolio 6.94% Rec Fix & Pay Mibor (MD13/11/20) HSBCBK 0.00% % Rec Fix & Pay Mibor (MD16/11/20) HDFCBK 0.00% % Rec Mibor & Pay Fix (MD29/12/2016) ICICIBK 0.00% Powergrid Vizag Transmission Limited 6.96% Rec Fix & Pay Mibor (MD01/01/21) HSBC -0.33% Cash & Current Assets 1.83% Total % Cholamandalam Investment and Finance Company Ltd Life Short Term Opportunities Fund Rating % Tata Motors Finance Solutions Ltd CRISIL AA 11.94% 8.40% GOI (MD 28/07/2024) SOV 9.87% 7.88% GOI (MD 19/03/2030) SOV 6.93% Reliance Utilities & Power Pvt Ltd CRISIL AAA 5.58% SREI Equipment Finance Ltd CARE AA- 4.37% 7.59% GOI (MD 20/03/2029) SOV 4.10% Indiabulls Housing Finance Ltd CARE AAA 3.88% Pune Solapur Expressway Pvt Ltd ICRA A(SO) 3.88% L&T Vrindavan Properties Ltd CARE AA+(SO) 3.78% S.D. Corporation Pvt. Ltd ICRA AA+(SO) 3.32% Cholamandalam Investment and Finance Company Ltd ICRA AA 3.09% Piramal Enterprises Ltd ICRA AA 2.98% 8.60% GOI (MD 02/06/2028) SOV 2.50% RKN Retail Pvt. Ltd BWR A-(SO) 2.42% Securities Trading Corp Ind Ltd ICRA AA 2.21% Tata Housing Development Co Ltd ICRA AA 1.92% 8.15% GOI (MD 24/11/2026) SOV 1.81% SREI Equipment Finance Ltd CARE AA- 1.79% Cholamandalam Investment and Finance Company Ltd ICRA AA 1.57% Cholamandalam Investment and Finance Company Ltd ICRA AA 1.57% Tata Motors Finance Ltd CRISIL AA 1.51% Hero Realty Ltd ICRA A+(SO) 1.51% Shriram Transport Finance Company Ltd CRISIL AA+ 1.50% Reliance Jio Infocomm Limited CRISIL AAA 1.35% Pune Solapur Expressway Pvt Ltd ICRA A(SO) 1.19% Reliance Utilities & Power Pvt Ltd CRISIL AAA 1.18% 7.73% GOI (MD 19/12/2034) SOV 1.02% Cholamandalam Investment and Finance Company Ltd ICRA AA 0.79% Cholamandalam Investment and Finance Company Ltd ICRA AA 0.77% Tata Motors Finance Ltd CRISIL AA 0.75% Piramal Enterprises Ltd ICRA AA 0.74% Bharat Aluminium Co Ltd. CRISIL A+ 0.74% Sterlite Technologies Ltd CRISIL A+ 0.60% Cholamandalam Investment and Finance Company Ltd ICRA AA 0.47% Cholamandalam Investment and Finance Company Ltd ICRA AA 0.47% Cholamandalam Investment and Finance Company Ltd ICRA AA 0.44% 9.20% GOI (MD 30/09/2030) SOV 0.33% Reliance Ports and Terminals Ltd CARE AAA 0.16% RHC Holding Pvt Ltd CARE A(SO) 0.16% Housing Development Finance Corporation Ltd CRISIL AAA 0.15% Powergrid Vizag Transmission Limited CRISIL AAA (SO) 0.15% India Infradebt Ltd CRISIL AAA 0.06% Power Finance Corporation Ltd CRISIL AAA 0.03% Rural Electrification Corporation Ltd CRISIL AAA 0.02% Cash & Current Assets 4.38% Total % Life Medium Term Plan Rating % 7.59% GOI (MD 20/03/2029) SOV 19.34% ECL Finance Ltd ICRA AA 9.11% RKN Retail Pvt. Ltd BWR A-(SO) 7.95% Reliance Jio Infocomm Limited CRISIL AAA 6.37% RHC Holding Pvt Ltd CARE A(SO) 5.45% Adani Power Ltd BWR AA-(SO) 5.27% Relationships Properties Pvt Ltd CARE AA- (SO) 4.77% Pune Solapur Expressway Pvt Ltd ICRA A(SO) 4.48% IL & FS Education and Technology Services Ltd IND AA-(SO) 4.19% 7.68% GOI (MD 15/12/2023) SOV 4.17% RHC Holding Pvt Ltd CARE A(SO) 4.15% IL & FS Education and Technology Services Ltd IND AA-(SO) 2.73% IL&FS Transportation Networks Ltd ICRA A 2.15% Coffee Day Natural Resources Private Limited BWR A-(SO) 2.10% Hero Realty Ltd ICRA A+(SO) 2.09% 8.24% GOI (MD 10/11/2033) SOV 1.59% Securities Trading Corp Ind Ltd ICRA AA 1.54% 7.35% GOI (MD 22/06/2024) SOV 1.53% CRISIL AAA (SO) 1.47% Coffee Day Enterprises Limited BWR A+(SO) 1.26% 7.73% GOI (MD 19/12/2034) SOV 0.81% Coffee Day Enterprises Limited BWR A+(SO) 0.73% Hero Fincorp Limited CRISIL AA+ 0.66% Sahyadri Agencies Ltd BWR A(SO) 0.63% ICRA AA 0.53% Hero Realty Ltd ICRA A+(SO) 0.53% Sterlite Technologies Ltd CRISIL A+ 0.53% Reliance Gas Transportation Infrastructure Ltd CARE AAA 0.43% Shriram Transport Finance Company Ltd IND AA+ 0.31% Power Finance Corporation Ltd CRISIL AAA 0.15% Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.11% Kotak Mahindra Prime Ltd CRISIL AAA 0.01% Cash & Current Assets 2.87% Total % Life Short Term Fund Rating % 8.27% GOI (MD 09/06/2020) SOV 13.47% 7.80% GOI (MD 03/05/2020). SOV 6.15% 8.12% GOI (MD 10/12/2020) SOV 5.90% Housing Development Finance CRISIL AAA 5.40% Corporation Ltd Small Industries Dev Bank of India CARE AAA 3.15% Indiabulls Housing Finance Ltd CARE AAA 2.57% 8.58% Karnataka SDL (MD 25/10/2016) SOV 2.54% 8.51% Gujarat SDL(MD 27/10/2020) SOV 2.21% Export Import Bank of India CRISIL AAA 2.14% 8.41% Andhra Pradesh SDL (MD SOV 1.81% 27/03/2018) Power Finance Corporation Ltd CRISIL AAA 1.76% Reliance Jio Infocomm Limited CRISIL AAA 1.75% Housing Development Finance ICRA A % Corporation Ltd Axis Bank Ltd CRISIL A % Bajaj Finance Ltd CRISIL AA+ 1.36% Rural Electrification Corporation Ltd CRISIL AAA 1.25% 6.35%GOI 2020 (MD 2/01/2020 ) SOV 1.24% Tata Capital Financial Services Ltd CRISIL AA+ 1.16% 8.53% Maharashtra SDL (MD 27/10/2020) SOV 1.11% Nabha Power Ltd ICRA AAA(SO) 1.10% IDFC Bank Ltd ICRA AAA 1.09% Housing Development Finance Corporation Ltd CRISIL AAA 1.09% Shriram Transport Finance Company Ltd CRISIL AA+ 1.09% 6.90% GOI (MD 13/07/2019) SOV 1.06% Tata Motors Finance Ltd ICRA A % Housing Development Finance CRISIL AAA 1.03% Corporation Ltd Power Finance Corporation Ltd CRISIL AAA 0.99% IL&FS Financial Services Ltd IND AAA 0.99% Aditya Birla Nuvo Ltd ICRA AA+ 0.98% IDFC Bank Ltd ICRA AAA 0.98% PNB Housing Finance Ltd CARE AAA 0.82% Sundaram Finance Ltd ICRA AA+ 0.81% ICICI Home Finance Company Ltd ICRA AAA 0.81% National Bank For Agriculture and CRISIL A % Rural Development Canara Bank CRISIL A % Sundaram Finance Ltd ICRA AA+ 0.79% ICICI Bank Ltd ICRA A % Tata Capital Financial Services Ltd ICRA AA+ 0.69% IDFC Bank Ltd ICRA AAA 0.68% Nabha Power Ltd ICRA AAA(SO) 0.60% Power Finance Corporation Ltd CRISIL AAA 0.55% 8.75% Himmachal Pradesh SDL (MD 03/10/2017) SOV 0.55% 8.32% Gujrat SDL (MD 04/08/2020) SOV 0.55% ICICI Home Finance Company Ltd ICRA AAA 0.54% Canara Bank CRISIL A % ICICI Bank Ltd ICRA A % Andhra Bank CARE A % IDBI Bank Ltd CRISIL A % Tata Motors Finance Ltd ICRA A % Tata Capital Financial Services Ltd CRISIL AA+ 0.49% IDFC Bank Ltd ICRA AAA 0.49% 8.78% Haryana SDL (MD 23/07/2017) SOV 0.42% 8.39% MAHARASHTRA SDL (08/09/2020) SOV 0.42% LIC Housing Finance Ltd CRISIL AAA 0.41% 8.75% Gujarat SDL(MD 03/10/2016) SOV 0.39% ICICI Home Finance Company Ltd ICRA AAA 0.38% Tata Sons Ltd CRISIL AAA 0.33% Bajaj Finance Ltd ICRA AA+ 0.33% Housing Development Finance Corporation Ltd CRISIL AAA 0.33% Tata Capital Financial Services Ltd CRISIL AA+ 0.33% Talwandi Sabo Power Ltd CRISIL AA (SO) 0.32% Talwandi Sabo Power Ltd CRISIL AA (SO) 0.32% 8.40% Gujarat SDL (MD 24/11/2020) SOV 0.31% IDFC Bank Ltd ICRA AAA 0.29% Power Finance Corporation Ltd CRISIL AAA 0.28% 8.42% Maharashtra SDL (MD 25/08/2020) SOV 0.28% Nabha Power Ltd ICRA AAA(SO) 0.28% Power Finance Corporation Ltd CRISIL AAA 0.27% Tata Capital Housing Finance Ltd CRISIL AA+ 0.27% Mahindra & Mahindra Financial IND AAA 0.27% Services Ltd 5.69% GOI 2009 MD(25/09/2018) SOV 0.26% 8.38% Gujarat SDL (MD 22/09/2020) SOV 0.26% 8.44% Rajasthan SDL (25/08/2020) SOV 0.22% Tata Sons Ltd CRISIL AAA 0.22% IDFC Bank Ltd ICRA AAA 0.22% Sundaram Finance Ltd ICRA AA+ 0.22% ICICI Bank Ltd ICRA A % Tata Motors Finance Ltd CRISIL AA 0.19% 8.08% Odisha SDL ( MD 11/03/2020) SOV 0.17% Nabha Power Ltd ICRA AAA(SO) 0.17% Housing Development Finance Corporation Ltd CRISIL AAA 0.16% IDFC Bank Ltd ICRA AAA 0.16% Kotak Mahindra Prime Ltd CRISIL AAA 0.16% Dena Bank CRISIL A % Tata Capital Financial Services Ltd ICRA AA+ 0.15% Rural Electrification Corporation Ltd CRISIL AAA 0.11% Tata Sons Ltd CRISIL AAA 0.11% Housing Development Finance Corporation Ltd CRISIL AAA 0.11% IDFC Bank Ltd ICRA AAA 0.11% Rural Electrification Corporation Ltd CRISIL AAA 0.06% 8.43% Madhya Pradesh SDL (MD 19/12/2017) SOV 0.05% Power Grid Corporation of India Ltd CRISIL AAA 0.05% Power Finance Corporation Ltd CRISIL AAA 0.05% Kotak Mahindra Prime Ltd ICRA AAA 0.05% Sundaram Finance Ltd CRISIL AA+ 0.05% LIC Housing Finance Ltd CARE AAA 0.03% Rural Electrification Corporation Ltd CRISIL AAA 0.02% HDB Financial Services Ltd CRISIL AAA 0.02% Nabha Power Ltd ICRA AAA(SO) 0.02% Housing Development Finance Corporation Ltd CRISIL AAA 0.01% Tata Motors Finance Ltd CRISIL AA 0.01% Power Finance Corporation Ltd CRISIL AAA 0.00% 6.94% Rec Fix & Pay Mibor (26/11/20) HSBCBK 0.00% % Rec Fix & Pay Mibor (MD10/11/20) HDFCBK 0.00% % Rec Fix & Pay Mibor (MD10/11/20) HSBCBK 0.00% 6.93% Rec Fix & Pay Mibor (MD10/11/20) HSBCBK 0.00% % Rec Fix & Pay Mibor (MD30/10/20) HSBCBK 0.00% Cash & Current Assets 6.99% Total % Life Income Plus Rating % 8.17% GOI (MD 01/12/2044) SOV 29.33% 7.59% GOI (MD 20/03/2029) SOV 27.36% 8.13% GOI (MD 22/06/2045) SOV 15.23% 7.73% GOI (MD 19/12/2034) SOV 11.51% 8.24% GOI (MD 10/11/2033) SOV 5.90% 7.88% GOI (MD 19/03/2030) SOV 5.00% India Infradebt Ltd CRISIL AAA 1.33% Power Finance Corporation Ltd CRISIL AAA 0.65% 8.12% GOI (MD 10/12/2020) SOV 0.64% 7.72% GOI (MD 25/05/2025) SOV 0.58% 7.68% GOI (MD 15/12/2023) SOV 0.13% ICICI Bank Ltd CRISIL AAA 0.08% 9.56% Maharashtra SDL (MD 28/08/2023) SOV 0.03% 9.45% Rahasthan SDL (MD 26/03/2024) SOV 0.02% 8.51% Punjab SDL (MD 10/04/2023) SOV 0.01% 8.64% Jharkhand SDL (MD 06/03/2023) SOV 0.00% Cash & Current Assets 2.22% Total % 91

95 Portfolio Life Floating Rate Fund - Short Term Plan Rating % Indusind Bank Ltd CRISIL A % Mahindra & Mahindra Financial Services Ltd CRISIL A % Vedanta Ltd CRISIL A % Tata Capital Financial Services Ltd ICRA A % Reliance Jio Infocomm Limited CARE A % South Indian Bank Ltd CARE A % Vijaya Bank CARE A % STCI Finance Limited CRISIL A % Tata Capital Financial Services Ltd ICRA A % Tata Capital Financial Services Ltd ICRA A % IDBI Bank Ltd CRISIL A % Edelweiss Financial Services Ltd CRISIL A % Housing Development Finance Corporation Ltd CRISIL AAA 3.28% RBL Bank Limited ICRA A % Fedbank Financial Services Ltd CRISIL A % Piramal Enterprises Ltd ICRA A % Godrej Agrovet Ltd ICRA A % DCB Bank Ltd CRISIL A % Fedbank Financial Services Ltd CRISIL A % IDBI Bank Ltd CRISIL AA+ 1.75% 91 Days Tbill (MD 31/03/2016) SOV 1.72% 364 Days Tbill (MD 21/01/2016) SOV 1.09% IDBI Bank Ltd CRISIL A % Sundaram Finance Ltd CRISIL A % Godrej Agrovet Ltd ICRA A % Cash & Current Assets -7.00% Total % Life Floating Rate Fund - Long Term Plan Rating % 8.12% GOI (MD 10/12/2020) SOV 22.68% Small Industries Dev Bank of India CARE AAA 15.65% Shriram Transport Finance Company Ltd IND AA+ 7.45% 8.40% Gujarat SDL (MD 24/11/2020) SOV 5.66% Sundaram Finance Ltd CRISIL AA+ 5.57% Bajaj Finance Ltd ICRA AA+ 5.22% Power Finance Corporation Ltd CRISIL AAA 4.53% Indiabulls Housing Finance Ltd CARE AAA 4.03% Shriram Transport Finance Company Ltd CRISIL AA+ 3.72% Tata Capital Financial Services Ltd CRISIL AA+ 3.72% Barclays Invest & Loans India Ltd ICRA A % 8.41% Andhra Pradesh SDL (MD 27/03/2018) SOV 2.26% Kotak Mahindra Prime Ltd CRISIL AAA 2.24% Power Finance Corporation Ltd CRISIL AAA 1.89% Housing Development Finance Corporation Ltd ICRA A % Kotak Mahindra Prime Ltd CRISIL AAA 0.75% 8.7% GUJARATSDL (MD 20/09/2016) SOV 0.37% Tata Sons Ltd CRISIL AAA 0.37% LIC Housing Finance Ltd CRISIL AAA 0.07% 6.91% Pay Fix & Rec Mibor (21/09/20) ICICIBK 0.01% 6.89% Pay Fix & Rec Mibor (22/09/20) ICICIBK 0.01% 6.90% Pay Fix & Rec Mibor (22/09/20) ICICISECPD 0.00% % Pay Fix & Rec Mibor (MD08/09/20) HDFCBK 0.00% % Pay Fix & Rec Mibor (MD09/09/20) HDFCBK 0.00% % Pay Fix & Rec Mibor (17/11/20)HSBCBK 0.00% % Pay Fix & Rec Mibor (17/11/20) ICICISECPD 0.00% % Pay Fix & Rec Mibor (17/11/20)HDFCBK 0.00% 6.97% Pay Fix & Rec Mibor (15/09/20) ICICISECPD 0.00% % Pay Fix & Rec Mibor (15/09/20) ICICISECPD 0.00% Cash & Current Assets 8.53% Total % Life Gilt Plus - PF Plan Rating % 8.17% GOI (MD 01/12/2044) SOV 39.76% 8.13% GOI (MD 22/06/2045) SOV 24.77% 7.73% GOI (MD 19/12/2034) SOV 19.20% Cash & Current Assets 16.27% Total Net Assets % Life Constant Maturity 10 Year Gilt Fund (erstwhile Life Gilt Plus ) Rating % 7.72% GOI (MD 25/05/2025) SOV 89.58% 8.40% GOI (MD 28/07/2024) SOV 1.42% Cash & Current Assets 8.99% Total % Life Government Securities Fund - Long Term Plan Rating % 8.17% GOI (MD 01/12/2044) SOV 50.34% 7.73% GOI (MD 19/12/2034) SOV 17.28% 7.59% GOI (MD 20/03/2029) SOV 15.72% 8.24% GOI (MD 10/11/2033) SOV 11.96% 8.30% GOI (MD 31/12/2042) SOV 1.64% 8.13% GOI (MD 22/06/2045) SOV 1.62% 8.60% GOI (MD 02/06/2028) SOV 0.22% 8.30% GOI (MD 02/07/2040) SOV 0.01% Cash & Current Assets 1.19% Total % Life Enhanced Arbitrage Fund Rating % Reliance Industries Ltd 8.99% HDFC Bank Ltd 8.53% Axis Bank Ltd CRISIL A % Aurobindo Pharma Ltd 3.85% Axis Bank Ltd 3.06% Housing Development Finance 2.79% Corporation Ltd ITC Ltd 2.72% Sun Pharmaceuticals Industries Ltd 2.29% Lupin Ltd 2.21% Adani Ports and Special Economic 2.19% Zone Ltd Allahabad Bank 2.17% Allahabad Bank UNRATED 2.17% Larsen & Toubro Ltd 2.09% Maruti Suzuki India Ltd 1.91% DLF Ltd 1.31% Eicher Motors Ltd 1.11% Sun TV Network Ltd 1.03% Asian Paints Ltd 1.01% GMR Infrastructure Ltd 0.99% Britannia Industries Ltd 0.97% Indiabulls Real Estate Ltd 0.94% Hindustan Unilever Ltd 0.88% Jindal Steel and Power Ltd 0.75% Bosch Ltd 0.73% Reliance Capital Ltd 0.73% Tata Motors Ltd 0.71% Dish TV India Ltd 0.64% Yes Bank Ltd 0.64% Federal Bank Ltd 0.57% Reliance Infrastructure Ltd 0.57% Century Textiles & Industries Ltd 0.50% UPL Limited 0.42% Tata Motors Ltd DVR Shares 0.39% Tata Global Beverages Ltd 0.37% Glenmark Pharmaceuticals Ltd 0.32% HCL Technologies Ltd 0.28% Infosys Ltd 0.22% IDFC Ltd. 0.19% Reliance Power Ltd 0.18% MRF Ltd 0.15% Ashok Leyland Ltd 0.13% Cipla Ltd 0.09% Housing Development and Infrastructure Ltd 0.06% Bharat Petroleum Corp Ltd 0.06% Hindustan Petroleum Corporation Ltd 0.04% Oil & Natural Gas Corporation Ltd 0.02% ONGC_28/01/ % HINDPETRO_28/01/ % BPCL_28/01/ % HDIL_28/01/ % CIPLA_28/01/ % ASHOKLEY_28/01/ % MRF_28/01/ % RPOWER_28/01/ % IDFC_28/01/ % INFY_28/01/ % HCLTECH_28/01/ % GLENMARK_28/01/ % TATAGLOBAL_28/01/ % TATAMTRDVR_28/01/ % UPL_28/01/ % CENTURYTEX_28/01/ % RELINFRA_28/01/ % FEDERALBNK_28/01/ % YESBANK_28/01/ % DISHTV_28/01/ % TATAMOTORS_28/01/ % RELCAPITAL_28/01/ % BOSCHLTD_28/01/ % JINDALSTEL_28/01/ % HINDUNILVR_28/01/ % IBREALEST_28/01/ % BRITANNIA_28/01/ % GMRINFRA_28/01/ % ASIANPAINT_28/01/ % SUNTV_28/01/ % EICHERMOT_28/01/ % DLF_28/01/ % MARUTI_28/01/ % LT_28/01/ % ADANIPORTS_28/01/ % LUPIN_28/01/ % SUNPHARMA_28/01/ % ITC_28/01/ % HDFC_28/01/ % AXISBANK_28/01/ % AUROPHARMA_28/01/ % HDFCBANK_28/01/ % RELIANCE_28/01/ % Cash & Current Assets 11.15% Net receivables / payables 80.40% Total % Life Active Debt Multi Manager FoF Scheme IDFC Dynamic Bond Fund-Direct Plan % ICICI Prude Gilt Fund Inv Plan PF Opt- Dir Plan-Grw 23.78% Life Govt Sec. Long Term Grwth Direct 23.57% SBI Magnum Gilt Fund - Long Term-Dir Pl % Templeton India Govt.Sec. Fund-Long Term Direct Gr 6.20% Cash & Current Assets 1.36% Net receivables / payables -0.50% Total % % 92

96 Dividend Here s a platform for you to check your dividend declaration, history and all the other vital information on dividends. 93

97 Dividend WEALTH CREATION SOLUTIONS EQUITY SCHEMES Declared on date Non Corporate Dividend # (` per unit) Dividend # (` per unit) Face value Cum Dividend NAV (` per unit) Life Equity Fund - 30-Nov Mar Oct Life Equity Fund - 30-Nov Mar Oct Life Advantage Fund - 31-Aug Sep May Life Advantage Fund - 31-Aug Sep May Life Midcap Fund - 28-Aug Jul Jul Life Small & Midcap Fund - 28-Aug Jul Jul Life Frontline Equity Fund - 30-Oct Apr Nov Life India GenNext Fund - 18-Jun Jun Jun Life India GenNext Fund - 18-Jun Jun Life New Millennium Fund - 27-Sep Jul Sep Life Top 100 Fund - 24-Jul Jan Jun Life Buy India Fund - 22-Sep Sep Sep Life Buy India Fund - 18-Sep Sep Life MNC Fund - 20-Nov Oct Apr Life Index Fund - 02-Nov Feb Oct Life Index Fund - 02-Nov Feb Oct Life India Opportunities Fund - 30-Nov Nov Dec Life Dividend Yield Plus - 23-Dec Sep Jun Life Balanced 95 Fund - 23-Dec Sep Jun Life Balanced 95 Fund - 23-Dec Oct Mar Life Pure Value Fund - 24-Jul Jul Aug Life Enhanced Arbitrage Fund - Dividend - 29-Dec Nov Oct Life Enhanced Arbitrage Fund - Dividend - 29-Dec Nov Oct Life Long Term Advantage Fund - Dividend - 21-May May BSL CEF - Global Agri Plan - Dividend- 21-May May BSL CEF - Global Agri Plan - Dividend- 21-May May Life Infrastructure Fund - Dividend - 11-Jun Jun Life Special Situations Fund - Dividend - 29-Sep Aug Life AAF - Aggressive Plan - Dividend - 14-Aug Life AAF - Aggressive Plan - Dividend - 14-Aug Life India Reforms Fund - Dividend - 30-Nov Aug-14 Life International Equity - Plan A -Dividend - 27-Nov Sep Life Financial Planning FOF Aggressive Plan - 25-Jun Quarterly - 20-Mar Life Financial Planning FOF Aggressive Plan - Quarterly - Life Financial Planning FOF Conservative Plan - Quarterly - Life Financial Planning FOF Conservative Plan - Quarterly - Life Financial Planning FOF Prudent Plan - Quarterly - Life Financial Planning FOF Prudent Plan - Quarterly - Life Dynamic Asset Allocation Fund - Dividend The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns Sep Jun Mar Sep Jun Mar Sep Jun Mar Sep Jun Mar Sep Jun Mar Mar Dec-05 Life Dynamic Asset Allocation Fund - Dividend - 22-Mar Life Banking And Financial Services Fund - 29-Dec Note: The NAV of the scheme, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable)

98 Dividend EQUITY SCHEMES Life Tax Relief 96 Life Tax Plan TAX SAVINGS SOLUTIONS Declared on date 13-Mar Feb Mar Mar Mar Mar-13 Non Corporate Dividend # (` per unit) REGULAR INCOME SOLUTIONS Dividend # (` per unit) Face value Cum Dividend NAV (` per unit) Note: The NAV of the scheme, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable) Non Corporate Corporate DEBT Schemes Declared on date Face Value Dividend # Dividend # (` per unit) (` per unit) 31-Dec Life Monthly Income - Monthly Dividend - 30-Nov Oct Dec Life Monthly Income - Monthly Dividend - 30-Nov Oct Dec Life Monthly Income - Quarterly Dividend - 30-Sep Jun Dec Life Monthly Income - Quarterly Dividend - 30-Sep Jun Dec Life MIP - Monthly Dividend Plan - 27-Nov Oct Sep Dec Life MIP - Monthly Dividend Plan - 27-Nov Oct Sep Dec Life MIP II - Wealth 25 Plan Monthly Dividend Plan - 27-Nov Oct Sep Jul Life MIP II - Wealth 25 Plan Monthly Dividend Plan - 26-Jun May Dec Life MIP II - Savings 5 Plan Monthly Dividend Plan - 27-Nov Oct Sep Dec Life MIP II - Savings 5 Plan Monthly Dividend Plan - 27-Nov Oct Sep Note: The NAV of the scheme, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable). Cum Dividend NAV # (` per unit) DEBT Schemes Declared on date Face Value Life Savings Fund Institutional Monthly Dividend Life Savings Fund Retail Monthly Dividend Life Treasury Optimizer Plan - Retail - Quarterly Dividend Life Treasury Optimizer Plan - Retail - Monthly Dividend Life Treasury Optimizer Plan - Monthly Dividend - Life Treasury Optimizer Plan - Monthly Dividend - Life Treasury Optimizer Plan - Quarterly Dividend - Life Treasury Optimizer Plan - Quarterly Dividend - Life Dynamic Bond Fund - Retail Plan - Monthly Dividend - Regular Plan Life Dynamic Bond Fund - Retail Plan - Monthly Dividend - Direct Plan Life Dynamic Bond Fund - Retail - Quarterly Dividend - Regular Plan 11-Feb Jan Dec Feb Jan Dec Dec Sep Jun Dec Nov Oct Sep Dec Nov Oct Sep Dec Nov Oct Sep Dec Sep Jun Dec Sep Jun Dec Nov Oct Sep Dec Nov Oct Sep Dec Sep Jun-15 SAVINGS SOLUTIONS Non Corporate Dividend # (` per unit) Corporate Dividend # (` per unit) Cum Dividend NAV # (` per unit) The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 95

99 Dividend Life Dynamic Bond Fund - Quarterly Dividend - Life Short Term Opportunities Fund - Quarterly Dividend - Life Short Term Opportunities Fund - Quarterly Dividend - 31-Dec Sep Jun Dec Sep Jun Dec Sep Jun-15 Life Medium Term Plan - Dividend - 25-Mar Life Medium Term Plan - Dividend - 25-Mar Life Medium Term Plan - Half Yearly Dividend - Life Medium Term Plan - Half Yearly Dividend - Life Medium Term Plan - Quarterly Dividend - Life Medium Term Plan - Quarterly Dividend - Life Medium Term Plan -Institutional - Half Yearly Dividend Life Medium Term Plan -Institutional - Quarterly Dividend Life Short Term Fund - Monthly Dividend - Life Short Term Fund - Monthly Dividend - Life Short Term Fund- Half Yearly Dividend Life Short Term Fund - Quarterly Dividend Life Short Term Fund -Dividend- Life Short Term Fund -Dividend- Life Income Plus - Quarterly Dividend - Life Income Plus - Quarterly Dividend - Life Gilt Plus - PF Plan Quarterly Dividend - Life Gilt Plus - PF Plan Quarterly Dividend - Life Constant Maturity 10 Year Gilt Fund - Quarterly Dividend - Life Constant Maturity 10 Year Gilt Fund - Quarterly Dividend - Life Government Securities Fund - Long Term Dividend - Regular Plan - Half Yearly Dividend Life Government Securities Fund - Long Term Dividend - - Half Yearly Dividend Life Active Debt Multi Manager FoF Scheme - Dividend Life Active Debt Multi Manager FoF Scheme - Quarterly - Direct Plan 15-Sep Mar Sep Sep Mar Sep Dec Sep Jun Dec Sep Jun Mar Sep May Dec Sep May Dec Nov Oct Dec Nov Oct Mar Mar Mar Dec Sep Jun Sep Dec Sep Sep Dec Sep Dec Sep Jun Dec Sep Jun Dec Sep Jun Dec Sep Jun Dec Sep Jun Dec Sep Jun Sep Mar Sep Sep Mar Sep Sep Jun Mar Sep Jun Mar Note: The NAV of the scheme, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable). The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 96

100 Close Ended Scheme Performance Life Capital Protection Oriented Fund - Series 16 - Date of Inception: Nov 05, 2013 Fund Manager: Mr. Prasad Dhonde & Vineet Maloo NAV (as on 31 st December 2015): ` life Capital Protection Oriented - Series 16 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in life Capital Protection Oriented - Series 16 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## December 31, 2014 (Absolute) Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 10. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. The Scheme offered is oriented towards protection of capital and not with guaranteed returns. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc. Life Capital Protection Oriented Fund - Series 17 - Date of Inception: Dec 04, 2013 Fund Manager: Mr. Prasad Dhonde & Vineet Maloo NAV (as on 31 st December 2015): ` life Capital Protection Oriented - Series 17 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in life Capital Protection Oriented - Series 17 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## December 31, 2014 (Absolute) Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 10. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. The Scheme offered is oriented towards protection of capital and not with guaranteed returns. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc. Life Capital Protection Oriented Fund - Series 18 - Date of Inception: Feb 03, 2014 Fund Manager: Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 31 st December 2015): ` life Capital Protection Oriented - Series 18 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in life Capital Protection Oriented - Series 18 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 10. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. The Scheme offered is oriented towards protection of capital and not with guaranteed returns. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc. Life Capital Protection Oriented Fund - Series 19 - Date of Inception: Mar 06, 2014 Fund Manager: Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 31 st December 2015): ` life Capital Protection Oriented - Series 19 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in life Capital Protection Oriented - Series 19 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 10. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. The Scheme offered is oriented towards protection of capital and not with guaranteed returns. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc. Life Capital Protection Oriented Fund - Series 20 - Date of Inception: Apr 30, 2014 Fund Manager: Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 31 st December 2015): ` life Capital Protection Oriented - Series 20 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in life Capital Protection Oriented - Series 20 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 10. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. The Scheme offered is oriented towards protection of capital and not with guaranteed returns. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc. Life Capital Protection Oriented Fund - Series 21 - Date of Inception: Jun 09, 2014 Fund Manager: Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 31 st December 2015): ` life Capital Protection Oriented - Series 21 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in life Capital Protection Oriented - Series 21 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 10. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. The Scheme offered is oriented towards protection of capital and not with guaranteed returns. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc. Performance details for close ended Capital Protection Oriented Schemes with less than 1 year of existence have not been disclosed. 97

101 Close Ended Scheme Performance Life Capital Protection Oriented Fund - Series 22 - Date of Inception: Aug 13, 2014 Fund Manager: Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 31 st December 2015): ` life Capital Protection Oriented - Series 22 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in life Capital Protection Oriented - Series 22 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 10. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. The Scheme offered is oriented towards protection of capital and not with guaranteed returns. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc. Life Capital Protection Oriented Fund - Series 23 - Date of Inception: Sep 18, 2014 Fund Manager: Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 31 st December 2015): ` life Capital Protection Oriented - Series 23 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in life Capital Protection Oriented - Series 23 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 10. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. The Scheme offered is oriented towards protection of capital and not with guaranteed returns. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc. Life Capital Protection Oriented Fund - Series 25 - Date of Inception: Nov 26, 2014 Fund Manager: Mr. Prasad Dhonde / Mr. Ajay Garg NAV (as on 31 st December 2015): ` life Capital Protection Oriented - Series 25 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Value of Standard Investment of ` in life Capital Protection Oriented - Series 25 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 99 to know more on performance of schemes managed by Fund Managers. The Scheme offered is oriented towards protection of capital and not with guaranteed returns. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc. Performance details for close ended Capital Protection Oriented Schemes with less than 1 year of existence have not been disclosed. 98

102 Fund Manager-wise Scheme Details Sr. Refer Funds Managed By Mr. Kaustubh Gupta no page No 1 Life Floating Rate Fund - Long Term Plan 74 2 Life Savings Fund # 66 3 Life Treasury Optimizer Plan (erstwhile Life Ultra Short Term Fund) 67 4 Life Short Term Opportunities Fund # 69 5 Life Floating Rate Fund - Short Term Plan # 73 6 Life Cash Plus # 64 7 Life Cash Manager # 65 8 Life Constant Maturity 10 Year Gilt Fund (erstwhile Life Gilt Plus ) 76 9 Life Gilt Plus - PF Plan Life Government Securities Fund -Long Term Plan 77 # Funds co-managed by Ms. Sunaina Da Cunha Funds co-managed by Mr. Prasad Dhonde Sr. Refer Funds Managed By Mr. Ajay Garg no page No 1 Life MNC Fund 19 2 Life Buy India Fund 25 3 Life Tax Relief Life Tax Savings Fund 57 5 Life Tax Plan 56 6 Life Capital Protection Oriented Fund - Series 25 # 98 7 Life Index Fund 40 # Funds co-managed by Mr. Prasad Dhonde Sr. Refer Funds Managed By Mr. Prasad Dhonde no page No 1 Life Floating Rate Fund - Long Term 74 2 Life Short Term Fund 71 Life Treasury Optimizer Plan 3 67 (erstwhile Life Ultra Short Term Fund) Life Constant Maturity 10 Year Gilt Fund 4 76 (erstwhile Life Gilt Plus ) 5 Life Gilt Plus - PF 75 Life Government Securities Fund Long Term 7 Life Capital Protection Oriented Fund - Series Life Capital Protection Oriented Fund - Series Life Capital Protection Oriented Fund - Series Life Capital Protection Oriented Fund - Series Life Capital Protection Oriented Fund - Series Life Capital Protection Oriented Fund - Series Life Capital Protection Oriented Fund - Series Life Capital Protection Oriented Fund - Series Life Income Plus Life Dynamic Asset Allocation Fund Life Capital Protection Oriented Fund - Series 25 # Life Gold ETF 41 # Funds co-managed by Mr. Ajay Garg Funds co-managed by Mr. Vineet Funds co-managed by Mr. Kaustubh Gupta Sr. Refer Funds Managed By Mr. Shravan Sreenivasula no page No 1 Life Asset Allocation Fund - Conservative Plan 45 2 Life Asset Allocation Fund - Moderate Plan 44 3 Life Active Debt Multi Manager FoF Scheme 79 4 Life Asset Allocator Multi Manager FoF Scheme 47 5 Life 5 Star Multi Manager FoF Scheme 46 6 Life Financial Planning FOF - Conservative Plan 49 7 Life Financial Planning FOF - Aggressive Plan 48 8 Life Asset Allocation Fund - Aggressive Plan 43 9 Life Financial Planning FOF - Prudent Plan Life Global Real Estate Fund Life Gold Fund Life Global Commodities Fund Life Latin America Equity Fund 39 Sr. Refer Funds Managed By Mr. Maneesh Dangi no page No 1 Life Medium Term Plan 70 2 Life Dynamic Bond Fund 68 Sr. Refer Funds Managed By Mr. Chanchal Khandelwal no page No 1 Life India GenNext Fund* 24 *Funds co-managed by Mr. Anil Shah Sr. Refer Funds Managed By Mr. Dhaval Gala no page No 1 Life Banking and Financial Services Funds co-managed by Mr. Satyabrata Mohanty Sr. Refer Funds Managed By Mr. Kunal Sangoi no page No 1 Life India Opportunities Fund 31 2 Life New Millennium Fund 30 Sr. no Funds Managed By Mr. Anil Shah Refer page No 1 Life Special Situations Fund 32 2 Life India GenNext Fund* 24 3 Life Equity Fund 17 * Funds co-managed by Mr. Chanchal Khandelwal Sr. Refer Funds Managed By Mr. Mahesh Patil no page No 1 Life Pure Value 28 2 Life Balanced 95 Fund # 14 3 Life Long Term Advantage Fund 18 4 Life Frontline Equity Fund 15 5 Life Top 100 Fund 16 6 Life Infrastructure Fund 27 # Funds co-managed by Mr. Pranay Funds co-managed by Mr. Milind Bafna Sr. Refer Funds Managed By Mr. Satyabrata Mohanty no page No 1 Life MIP II - Savings 5 Plan* # 62 2 Life MIP II - Wealth 25 Plan* # 61 3 Life Advantage Fund 23 4 Life Equity Savings Fund*^ 51 5 Life Banking and Financial Services 26 6 Life India Reforms Fund 29 7 Life Dividend Yield Plus # 20 * Funds co-managed by Mr. Pranay Sinha # Funds co-managed by Mr. Vineet Maloo ^ Funds co-managed by Mr. Lovelish Funds co-managed by Mr. Dhaval Gala Sr. Refer Funds Managed By Mr. Jayesh Gandhi no page No 1 Life Small & Midcap Fund 22 2 Life Midcap Fund 21 Sr. Refer Funds Managed By Mr. Vineet Maloo no page No 1 Life MIP II - Savings Life Monthly 59 3 Life MIP II - Wealth Life 60 5 Life Capital Protection Oriented Fund - Series 22 # 98 6 Life Capital Protection Oriented Fund - Series 18 # 97 7 Life Capital Protection Oriented Fund - Series 20 # 97 8 Life Capital Protection Oriented Fund - Series 21 # 97 9 Life Capital Protection Oriented Fund - Series 23 # Life Capital Protection Oriented Fund - Series 16 # Life Capital Protection Oriented Fund - Series 17 # Life Capital Protection Oriented Fund - Series 19 # Life Dynamic Asset Allocation Fund # Life International Equity Fund - Plan A Life International Equity Fund - Plan B Life Dividend Yield Plus* 20 * Funds co-managed by Mr. Satyabrata Mohanty # Funds co-managed by Mr. Prasad Funds co-managed by Mr. Pranay Sinha Sr. Refer Funds Managed By Mr. Milind Bafna no page No 1 Life Pure Value Fund* 28 2 Life Commodity Equities Fund - Global Agri Plan (GAP) 36 * Funds co-managed by Mr. Mahesh Patil Sr. Refer Funds Managed By Mr. Lovelish Solanki no page No 1 Life Enhanced Arbitrage Fund 78 2 Life Equity Savings 51 * Funds co-managed by Mr. Satyabrata Funds co-managed by Mr. Pranay Sinha Sr. no Funds Managed By Ms. Sunaina Da Cunha Refer page No 1 Life Savings Fund* 66 2 Life Short Term Opportunities Fund* 69 3 Life Floating Rate Fund - Short Term Plan* 73 4 Life Cash Plus* 64 5 Life Cash Manager* 65 * Funds co-managed by Mr. Kaustubh Gupta Sr. Refer Funds Managed By Mr. Pranay Sinha no page No 1 Life MIP II - Savings 5 Plan* # 62 2 Life Monthly Income* 59 3 Life MIP II - Wealth 25 Plan* # 61 4 Life MIP* 60 5 Life Equity Savings Fund #^ 51 6 Life Balanced * Funds co-managed by Mr. Vineet Funds co-managed by Mr. Mahesh Patil # Funds co-managed by Mr. Satyabrata Mohanty ^ Funds co-managed by Mr. Lovelish Solanki The Fund Manager-wise Scheme Details appearing above are. Schemes mentioned in order of performance for the period December 31, December 31, Due to inherent difference in nature of schemes above (i.e. equity, hybrid, debt schemes) as may be managed by Fund Manager, performance of such schemes may not be strictly comparable. Further, for the schemes in existence for less than a year, the past performance details have not been provided. Further, performance of Fixed Term Plans (FTPs) / Fixed Maturity Plans (FMP) / Interval Income Schemes are not considered above, as FMPs / FTPs / Interval Income Schemes are close ended / interval schemes of varying maturities and performance of such schemes may not be strictly comparable with open ended schemes managed by Fund Managers. 99

103 Funds at a Glance WEALTH CREATION SOLUTIONS SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUM INVESTMENT PLAN^ OPTION AMOUNT Life Equity Fund Dividend (Payout/Reinvestment/Sweep) Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- Life Advantage Fund Dividend (Payout/Reinvestment/Sweep) Life Midcap Fund Dividend (Payout / Reinvestment / Sweep) ( with Triggered Facility) Life Frontline Equity Fund Dividend (Payout/Reinvestment/Sweep) Life Infrastructure Fund Dividend (Payout/Reinvestment/Sweep) Life India GenNext Fund Dividend (Payout/Reinvestment/Sweep) Life New Millennium Fund Dividend (Payout/Reinvestment/Sweep) Life Top 100 Fund Dividend (Payout/Reinvestment/Sweep) Life Buy India Fund Dividend (Payout/Reinvestment/Sweep) Life MNC Fund Dividend (Payout/Reinvestment/Sweep) Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- EXIT LOAD For redemption-switch out consider from the date of allotment. For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: within 365 days from the date of allotment: 1.00% of applicable NAV. after 365 days from the date of allotment: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: within 365 days/1% of applicable NAV. within 365 days/1% of applicable NAV. within 365 days/1% of applicable NAV. within 365 days/1% of applicable NAV. For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: within 365 days from the date of allotment: 1.00% of applicable NAV. after 365 days from the date of allotment:. within 365 days/1% of applicable NAV. Life Index Fund Dividend (Payout/Reinvestment/Sweep) Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- Life India Opportunities Fund Dividend (Payout/Reinvestment/Sweep) Life Small & Midcap Fund Dividend (Payout / Reinvestment) Life India Reforms Fund Dividend (Payout / Reinvestment) Life Dividend Yield Plus Dividend (Payout/Reinvestment/Sweep) Life Balanced 95 Fund Dividend (Payout/Reinvestment/Sweep) Life Asset Allocation Fund - Aggressive Plan Life Asset Allocation Fund - Moderate Plan Dividend (Payout / Reinvestment) Dividend Reinvestment Dividend Payout Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Life Asset Allocation Fund - Conservative Plan Life Special Situations Fund Dividend (Payout/Reinvestment/Sweep) Choice of Plan : Choice of Option : Reinvestment Life Dynamic Asset Allocation Fund Life Commodity Equities Fund - Global Agri Plan (GAP) Dividend (Payout/Reinvestment) Dividend (Payout / Reinvestment /Sweep) Life International Equity Fund (Plan A) Dividend (Payout/Reinvestment/Sweep) Life International Equity Fund (Plan B) Dividend (Payout/Reinvestment/Sweep) Life Pure Value Fund Dividend (Payout/Reinvestment) Life Long Term Advantage Fund Dividend (Payout/Reinvestment) Dividend Reinvestment / Reinvestment Dividend Reinvestment Dividend Reinvestment Choice of Plan : Choice of Option : Reinvestment Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP : ` 1,000/- FP: ` 5,000/- AP : ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP : ` 5,000/- AP : ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- 365 days from the date of allotment: 1.00% of applicable NAV. after 365 days from the date of allotment:. within 365 days/1% of applicable NAV. For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: within 365 days/1% of applicable NAV. For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment:. within 365 days/1% of applicable NAV. For redemption / switch-out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment:. For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: within 365 daysfrom the date of allotment: 1.00% of applicable NAV. after 365 days from the date of allotment:. within 365 days/1% of applicable NAV. For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: ^ under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. **Default Plan: In case Distributor code is mentioned in the application form, but is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under. Further, where application is received for without Distributor code or Direct mentioned in the ARN Column, the application will be processed under Direct Plan.The default option under the Regular or of the Scheme, as the case maybe, shall be applied accordingly. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 100

104 Funds at a Glance WEALTH CREATION SOLUTIONS SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUM INVESTMENT AMOUNT PLAN^ OPTION EXIT LOAD For redemption-switch out consider from the date of allotment. Life Global Commodities Fund Dividend (Payout/Reinvestment) Life Global Real Estate Fund Dividend (Payout / Reinvestment) Life Latin America Equity Fund Dividend (Payout/Reinvestment) Life 5 Star Multi Manager FoF Scheme Dividend (Payout/Reinvestment) Life Asset Allocator Multi Manager FoF Dividend (Payout/Reinvestment) Scheme Life Financial Planning FOF - Aggressive Plan Dividend (Payout/Reinvestment) Life Financial Planning FOF - Dividend (Payout/Reinvestment) Conservative Plan Life Financial Planning FOF - Prudent Plan Dividend (Payout/Reinvestment) Life Banking and Financial Services Fund Dividend (Payout/Reinvestment) Life Gold Fund N/A Life Equity Savings Fund Dividend (Payout, Reinvestment & Sweep) Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment Dividend Reinvestment N/A Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- FP: ` AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - For all application amounts: if redeemed on or before 365 days from the date of allotment: 1% if redeemed after 365 days from the date of allotment: NIL If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: If redeemed within and including 1 year from the date of allotment: 1% If redeemed after 1 year from the date of allotment : For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For redemption/switch out of units after 365 days from the date of allotment: **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment:. WEALTH CREATION SOLUTIONS LIST OF PLANS/OPTIONS DISCONTINUED FOR FURTHER SUBSCRIPTIONS W.E.F OCTOBER 01, 2012 SCHEME PLAN OPTION EXIT LOAD For redemption-switch out consider from the date of allotment. Life Dividend Yield Plus* PF Plan* Dividend within 365 days/1% of applicable NAV. Life Commodity Equities Fund - Global Agri Plan (GAP) Institutional Plan* Dividend within 30 days/3% of applicable NAV. after 30 days but before 365 days/1% of applicable NAV. *Pursuant to SEBI Circular No. CIR/IMD/DF/21/2012 dated September 13, 2012 the aforesaid plans/options under respective scheme(s) stand discontinued for further subscriptions w.e.f October 01, The existing investments, if any, under above plan/option shall continue till such investors remain invested in the said plan/option. *Said Plans/Options stand discontinued and closed as there are no Unitholders thereunder. TAX SAVINGS SOLUTIONS SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUM INVESTMENT PLAN^ OPTION AMOUNT Life Tax Relief 96 # Dividend (Payout/Sweep) Dividend Payout FP: ` 500/- AP : ` 500/- EXIT LOAD For redemption-switch out consider from the date of allotment. Life Tax Plan # Dividend (Payout/Sweep) Life Tax Savings Fund Dividend (Payout) Bonus Dividend Payout FP: ` 500/- AP: ` 500/- N.A as the scheme does not accept fresh subscriptions / Switch-in # The Dividend Reinvestment Facility under the scheme have been discontinued w.e.f. February 12, Please refer addendum no. 07/2015 dated February 09, 2015 for further details. ^ under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. **Default Plan: In case Distributor code is mentioned in the application form, but is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under. Further, where application is received for without Distributor code or Direct mentioned in the ARN Column, the application will be processed under Direct Plan.The default option under the Regular or of the Scheme, as the case maybe, shall be applied accordingly. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Authorized Participants and Large Investors. Units of scheme may be subscribed to / redeemed only in Creation Unit size & in multiples thereof. Authorised Participants and Large Investors may subscribe to/redeem the units of the scheme on any business day directly with the Mutual Fund at applicable NAV and transaction charges, if any, by depositing/receiving physical gold of defined purity (fineness) and quantity and/or cash, value of which is equivalent to Creation Unit size. The Creation Unit size in case of Life Gold ETF shall be 1,000 units and in multiples thereof For Purchase / Sale of units through Stock Exchange: All categories of Investors may purchase/sell the units of the scheme through the Stock exchange on which the units of the scheme are listed on any trading day in round lot of 1 (one) Unit at the prevailing listed price. 101

105 Funds at a Glance REGULAR INCOME SOLUTIONS SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUM INVESTMENT PLAN^ OPTION AMOUNT Life Monthly Income Monthly Dividend (Payout/Reinvestment/Sweep) Quarterly Dividend (Payout/Reinvestment/Sweep) Choice of Plan : Choice of Option within Monthly Dividend : Dividend Reinvestment Choice of Plan within Quarterly Dividend : Dividend Reinvestment FP: ` 25,000/- AP: ` 5,000/- FP: ` 5,000/- AP: ` 1,000/- EXIT LOAD For redemption-switch out consider from the date of allotment. For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 540 days from the date of allotment:. Life MIP Monthly Dividend (Payout/Reinvestment/Sweep) Monthly Payment (Instant / Deferred) Choice of Option within Monthly Dividend : Dividend Reinvestment Choice of Option within Monthly Payment Plan : Instant FP: Dividend & Payment Option ` 25,000/- : ` 5,000/- AP: ` 1,000/- For redemption/switch out of units within 1095 days from the date of allotment: 1.00% of the applicable NAV. For redemption/switch out of units after 1095 days from the date of allotment:. Life MIP II - Savings 5 Plan Life MIP II - Wealth 25 Plan Monthly Dividend (Payout / Reinvestment /Sweep) Monthly Payment Monthly Dividend (Payout / Reinvestment /Sweep) Monthly Payment Choice of Option : Choice of Sub-Option within Monthly Dividend Option : Dividend Reinvestment FP: Dividend & Payment Option ` 25,000/- ` 5,000/- AP: ` 1,000/- For redemption/switch out of units within 1095 days from the date of allotment: 1.00% of the applicable NAV. For redemption/switch out of units after 1095 days from the date of allotment:. For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 540 days from the date of allotment:. SAVINGS SOLUTIONS SCHEME PLAN/OPTION (which continue for fresh subscription) DEFAULT OPTION** MINIMUM INVESTMENT AMOUNT EXIT LOAD For redemption-switch out consider from the date of allotment. PLAN^ OPTION Life Cash Plus Daily Dividend (Reinvestment) Daily Dividend Reinvestment Weekly Dividend (Payout / Reinvestment) FP: ` 5,000/- Dividend (Payout / Reinvestment) AP: ` 1,000/- Life Cash Manager Daily Dividend (Reinvestment) Daily Dividend Reinvestment FP: ` 5,000/- Weekly Dividend (Reinvestment) AP: ` 1,000/- Life Savings Fund Daily Dividend (Reinvestment) Weekly Dividend (Payout / Reinvestment) Daily Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- Life Treasury Optimizer Plan (erstwhile Life Ultra Short Term Fund) Monthly Dividend (Payout / Reinvestment) Quarterly Dividend (Payout / Reinvestment) Dividend (Payout / Reinvestment) Monthly Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- Life Dynamic Bond Fund Monthly Dividend Sweep FP: ` 5,00,000/- AP: ` 1,000/- Monthly Dividend (Payout / Reinvestment /Sweep) Quarterly Dividend (Payout / Reinvestment /Sweep) Choice of Option : Quarterly Dividend Choice of Sub-Option : Dividend Reinvestment FP: ` 5,000/- FP: ` 5,000/- FP: ` 5,000/- AP: ` 1,000/- AP: ` 1,000/- AP: ` 1,000/- For redemption/switch out of units within 90 days from the date of allotment: 0.50% of the applicable NAV. For redemption/switch out of units after 90 days from the date of allotment: Dividend (Payout / Reinvestment /Sweep) FP: ` 5,000/- AP: ` 1,000/- Life Short Term Opportunities Fund Quarterly Dividend (Payout / Reinvestment) Dividend (Payout / Reinvestment) FP: ` 5,000/- AP: ` 1000/- Max Amt : ` 25 Crore For redemption/switch out of units within 365 days from the date of allotment: 1.00% of the applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Life Medium Term Plan Quarterly Dividend (Payout / Reinvestment) Half Yearly Dividend (Payout / Reinvestment) Dividend (Payout / Reinvestment /Sweep) FP: ` 5,000/- AP: ` 1,000/- Max Amt : ` 25 Crore For redemption / switch-out of units within 365 days from the date of allotment: 2.00% of applicable NAV. For redemption / switch-out of units after 365 days but before 730 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 730 days from the date of allotment:. Life Short Term Fund (erstwhile Life Income Fund) Monthly Dividend (Payout/Reinvestment/Sweep) Dividend (Payout/Reinvestment/Sweep) Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- ^ under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. **Default Plan: In case Distributor code is mentioned in the application form, but is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under. Further, where application is received for without Distributor code or Direct mentioned in the ARN Column, the application will be processed under.the default option under the Regular or of the Scheme, as the case maybe, shall be applied accordingly. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 102

106 Funds at a Glance SAVINGS SOLUTIONS SCHEME PLAN/OPTION (which continue for fresh subscription) DEFAULT OPTION** MINIMUM INVESTMENT AMOUNT EXIT LOAD For redemption-switch out consider from the date of allotment. PLAN^ OPTION Life Income Plus Quarterly Dividend (Payout / Reinvestment) Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- Life Floating Rate Fund - Short Term Plan Daily Dividend (Reinvestment) Weekly Dividend (Reinvestment) Daily Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- Life Floating Rate Fund - Long Term Plan Daily Dividend (Reinvestment) Weekly Dividend (Reinvestment) Daily Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- Life Constant Maturity 10 Year Gilt Fund (erstwhile Life Gilt Plus ) Quarterly Dividend (Payout / Reinvestment /Sweep) FP: ` 5,000/- AP: ` 1,000/- Life Gilt Plus - PF Plan Quarterly Dividend (Payout / Reinvestment /Sweep) (Quarterly Gain / Annual Gain) Life Government Securities Fund- Long Term Plan Half Yearly Dividend (Payout / Reinvestment) FP: ` 5,000/- AP: ` 1,000/- FP: ` 5,000/- AP: ` 1,000/- Life Enhanced Arbitrage Fund Dividend (Payout / Reinvestment /Sweep) Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- For redemption/switch out of units within 30 days from the date of allotment: 0.50% of applicable NAV For redemption/switch out of units after 30 days from the date of allotment: (w.e.f. August 03, 2015) Life Active Debt Multi Manager FoF Scheme Dividend (Payout/Reinvestment) Dividend Reinvestment FP: ` 5,000/- AP: ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: ^ under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. **Default Plan: In case Distributor code is mentioned in the application form, but is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under. Further, where application is received for without Distributor code or Direct mentioned in the ARN Column, the application will be processed under.the default option under the Regular or of the Scheme, as the case maybe, shall be applied accordingly. per investor per day across all subscription transactions (i.e. fresh purchases, additional purchases, switch-in and trigger transactions such as SIP, STP and RSP trigger), as available under the scheme. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 103

107 Funds at a Glance LIST OF PLANS/OPTIONS DISCONTINUED FOR FURTHER SUBSCRIPTIONS W.E.F OCTOBER 01, 2012 SCHEME PLAN OPTION Life Cash Plus Retail Plan Daily Dividend Life Cash Manager Institutional Plan Institutional Plan Daily Dividend Weekly Dividend Daily Dividend Weekly Dividend Life Savings Fund Life Treasury Optimizer Plan (erstwhile Life Ultra Short Term Fund) Life Short Term Opportunities Fund Life Medium Term Plan Life Floating Rate Fund - Short Term Plan Life Floating Rate Fund - Long Term Plan Life Enhanced Arbitrage Fund Retail Plan Retail Plan Institutional Plan Institutional Plan Retail Plan Retail Plan Institutional Plan* Daily Dividend Weekly Dividend Daily Dividend Fortnightly Dividend Quarterly Dividend Dividend Quarterly Dividend Half Yearly Dividend Dividend Daily Dividend Weekly Dividend Weekly Dividend Dividend *Pursuant to SEBI Circular No. CIR/IMD/DF/21/2012 dated September 13, 2012 the aforesaid plans/options under respective scheme(s) stand discontinued for further subscriptions w.e.f October 01, The existing investments, if any, under above plan/option shall continue till such investors remain invested in the said plan/option. *Said Plans/Options stand discontinued and closed as there are no Unitholders thereunder. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 104

108 Investment Objective WEALTH CREATION SOLUTIONS Life Balanced 95 Fund Life Frontline Equity Fund Life Top 100 Fund Life Equity Fund Life Long Term Advantage Fund Life MNC Fund Life Dividend Yield Plus Life Midcap Fund Life Small & Midcap Fund Life Advantage Fund Life India GenNext Fund An Open ended Balanced Scheme with the objective to generate long term growth of capital and current income, through a portfolio with a target allocation of 60% equity and 40% debt and money market securities. The secondary objective is income generation and distribution of dividend. An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, S&P BSE 200. An Open-ended growth scheme with the objective to provide medium to long term capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities of top 100 companies as measured by market capitalization. An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 10% debt and money market securities. An Open ended Diversified Equity Scheme with an to provide long-term capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities. An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk by making investments in securities of multi-national companies through a research based investment approach. An Open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield. An Open ended Scheme with the objective to achieve long term growth of capital at controlled level of risk by investing primarily in Mid-Cap Stocks. The level of risk is somewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aim is to generate higher returns than a fund focused on large and liquid stocks. An Open ended Small and Mid Cap Equity Scheme with an objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and midcap. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time. An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through a diversified research based investment approach. An Open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice. Life Buy India Fund Life Banking and Financial Services Fund Life Infrastructure Fund Life Pure Value Fund Life India Reforms Fund Life New Millennium Fund Life India Opportunities Fund Life Special Situations Fund Life Dynamic Asset Allocation Fund Life International Equity Fund - Plan A Life International Equity Fund - Plan B Life Commodity Equities Fund - Global Agri Plan (GAP) Life Global Commodities Fund Life Global Real Estate Fund Life Latin America Equity Fund Life Index Fund A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in businesses that are driven by India s large population and inherent consumption patterns. The focus of the scheme will be in the consumer and healthcare sectors. The secondary objective is income generation and distribution of dividend. The primary investment objective of the Scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes objectives will be achieved An Open-ended growth scheme with the objective to providing for medium to long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India. An Open ended Diversified Equity Scheme with the objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy. An Open ended Equity Scheme with an investment objective is to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending. A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of dividend. An Open ended Scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following: 1. Leverage India s intellectual capital for providing services, research and creative inputs. 2. Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services. 3. Leverage India s lower labour costs for providing services and manufactured goods. 4. Leverage India s large population of English speaking people for providing services. An Open-ended diversified equity scheme with an objective of the scheme is to generate long-term growth of capital by investing in a portfolio of equity and equity related securities. The Scheme would follow an investment strategy that would take advantage of Special Situations & Contrarian investment style. The primary objective of the Scheme is to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fixed-income securities. An Open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the international markets. An Open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the domestic and international markets. The objective of the Scheme is to offer long term growth of capital, by investing in (1) stocks of Agri commodity companies, i.e., companies engaged in or focusing on the Agri business and/or (2) overseas mutual fund scheme(s) that have similar investment objectives. These securities could be issued in India or overseas. The primary objective of the Scheme is to achieve long-term capital growth by investing primarily in units of global mutual funds which invest in commodity related securities. There can be no assurance that the investment objective of the Scheme will be realized. The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in ING (L) Invest Global Real Estate. The Scheme may also invest a certain portion of its corpus in Money Market Instruments / liquid funds / money market mutual funds, in order to meet liquidity requirements from time to time. There can be no assurance that the investment objective of the Scheme will be realized. The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in ING (L) Invest Latin America Fund. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities, in order to meet liquidity requirements from time to time. There can be no assurance that the investment objective of the Scheme will be realized. An Open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 105

109 Investment Objective Life Gold ETF Life Gold Fund Life Asset Allocation Fund Life 5 Star Multi Manager FoF Scheme Life Asset Allocator Multi Manager FoF Scheme Life Financial Planning FOF- Aggressive Plan Life Financial Planning FOF- Conservative Plan Life Financial Planning FOF- Prudent Plan Life Equity Savings Fund An Open ended Gold Exchange Traded Fund with the investment objective to generate returns that are in line with the performance of gold, subject to tracking errors. An Open ended Fund of Fund Scheme with the investment objective to provide returns that tracks returns provided by Life Gold ETF (BSL Gold ETF). An Open-ended Fund of Funds scheme with the objective to provide income and capital appreciation along with diversification by investing in a basket of debt and equity Mutual Fund schemes in line with the risk profile of the investors. The primary objective of the Scheme is to generate long term capital appreciation primarily from a portfolio of equity funds accessed through the diversified investment styles of underlying schemes selected in accordance with the BSLAMC process. There can be no assurance that the investment objective of the Scheme will be realized. The primary objective of the Scheme is to generate capital appreciation primarily from a portfolio of equity and debt funds accessed through the diversified investment styles of underlying schemes selected in accordance with the BSLAMC process. There can be no assurance that the investment objective of the Scheme will be realized. The Scheme aims to generate returns by investing in mutual fund schemes selected in accordance with the BSLAMC process, as per the risk-return profile of investors. Each of the 3 plans under the Scheme has a strategic asset allocation which is based on satisfying the needs to a specific risk-return profile of investors. There can be no assurance that the investment objective of the Scheme will be realized The Scheme aims to generate returns by investing in mutual fund schemes selected in accordance with the BSLAMC process, as per the risk-return profile of investors. Each of the 3 plans under the Scheme has a strategic asset allocation which is based on satisfying the needs to a specific risk-return profile of investors. There can be no assurance that the investment objective of the Scheme will be realized The Scheme aims to generate returns by investing in mutual fund schemes selected in accordance with the BSLAMC process, as per the risk-return profile of investors. Each of the 3 plans under the Scheme has a strategic asset allocation which is based on satisfying the needs to a specific risk-return profile of investors. There can be no assurance that the investment objective of the Scheme will be realized To provide capital appreciation and income distribution to the investors by using a blend of equity derivatives strategies, arbitrage opportunities and pure equity investments. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes objectives will be achieved. TAX SAVINGS SOLUTIONS Life Tax Relief 96 An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities Life Tax Plan An Open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment. Life Tax Savings Fund Life Tax Savings Fund is an open ended equity linked savings scheme which aims to provide medium to long term growth of capital along with income tax rebate. REGULAR INCOME SOLUTIONS Life Monthly Income Life MIP Life MIP II - Wealth 25 Plan Life MIP II - Savings 5 Plan An Open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterly distributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of distributable surplus The primary objective of the scheme is to generate regular income so as to make monthly distributions to unit holders with the secondary objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents while at the same time maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.) An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus. An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus. SAVINGS SOLUTIONS Life Cash Plus Life Cash Manager Life Savings Fund Life Treasury Optimizer Plan (erstwhile Life Ultra Short Term Fund) Life Dynamic Bond Fund Life Short Term Opportunties Fund Life Medium Term Plan An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments. An Open ended Income scheme with the objective to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of very short maturities with a view to provide reasonable returns. The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. An Open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities with relatively low levels of interest rate risk. An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments. An Open ended Income scheme with the objective to generate regular income by investing primarily in investment grade fixed income securities / money market instruments with short to medium term maturities and across the credit spectrum within the universe of investment grade rating. The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 106

110 Investment Objective Life Short Term Fund (erstwhile Life Income Fund) Name change (w.e.f. 01 Feb, 2012) An Open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities. Life Income Plus Life Floating Rate Fund Short Term Plan Life Gilt Plus - PF Plan Life Constant Maturity 10 Year Gilt Fund (erstwhile Life Gilt Plus ) Life Government Securities Fund - Long Term Plan Life Enhanced Arbitrage Fund Life Active Debt Multi Manager FoF Scheme An Open-ended Income Scheme to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. This income may be complemented by price changes of instruments in the portfolio. The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments. An Open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. The investment objective of the scheme is to enable investors to invest in Central Government Securities, based on their own view on the interest rate scenario & generate credit risk-free returns. An Open-ended Gilt scheme with the objective to provide investors current income consistent with a portfolio invested 100% in securities issued by the Government of India or the State Governments, and the secondary objective is capital appreciation. An Open ended Equity Scheme with an investment objective to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Futures). The primary objective of the Scheme is to generate returns from a portfolio of pure debt oriented funds accessed through the diverse investment styles of underlying schemes selected in accordance with the BSLAMC process. There can be no assurance that the investment objective of the Scheme will be realized. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 107

111 Industry Allocation WEALTH CREATION SOLUTIONS Life Equity Fund % Banks 21.19% Pharmaceuticals 10.92% Software 9.41% Consumer Non Durables 8.71% Auto 7.45% Finance 6.59% Cement 5.69% Chemicals 3.85% Telecom - Services 2.84% Construction Project 2.70% Industrial Products 2.59% Petroleum Products 1.97% Consumer Durables 1.75% Media & Entertainment 1.06% Auto Ancillaries 0.96% Transportation 0.93% Engineering Services 0.88% Pesticides 0.87% Oil 0.70% Textile Products 0.60% Construction 0.47% Non - Ferrous Metals 0.40% Services 0.21% Miscellaneous 0.00% Cash & Current Assets 5.74% Net receivables / payables 1.50% Total Net Assets % Life Infrastructure Fund % Banks 17.48% Industrial Capital Goods 12.78% Industrial Products 11.80% Finance 8.57% Cement 6.92% Construction Project 6.23% Power 5.81% Construction 5.61% Petroleum Products 5.37% Auto Ancillaries 4.93% Minerals/Mining 1.95% Auto 1.87% Non - Ferrous Metals 1.83% Engineering Services 1.66% Consumer Durables 1.60% Telecom - Services 1.28% Gas 0.83% Oil 0.78% Telecom - Equipment & Accessories 0.61% Consumer Non Durables 0.43% WARRANT 0.35% Cash & Current Assets 1.61% Net receivables / payables -0.30% Total Net Assets % Life Advantage Fund % Banks 18.26% Auto 15.93% Pharmaceuticals 14.12% Finance 7.06% Cement 5.32% Consumer Non Durables 4.92% Industrial Capital Goods 4.71% Software 4.57% Industrial Products 3.81% Petroleum Products 2.58% Gas 2.50% Auto Ancillaries 2.18% Construction Project 2.04% Pesticides 1.56% Textile Products 1.37% Engineering Services 1.22% Services 0.91% Telecom - Equipment & Accessories 0.84% Power 0.72% Miscellaneous 0.60% Healthcare Services 0.58% Cash & Current Assets 5.06% Net receivables / payables -0.87% Total Net Assets % Life India GenNext Fund % Consumer Non Durables 26.37% Banks 20.84% Auto 11.82% Finance 9.60% Pharmaceuticals 6.18% Consumer Durables 5.20% Healthcare Services 2.71% Textile Products 2.63% Cement 1.95% Construction Project 1.70% Media & Entertainment 1.65% Construction 1.58% Transportation 1.38% Auto Ancillaries 1.20% Services 1.07% Diversified Consumer Services 1.00% Cash & Current Assets 3.29% Net receivables / payables -0.19% Total Net Assets % Life New Millennium Fund % Software 84.08% Media & Entertainment 9.26% Telecom - Services 6.39% Miscellaneous 0.00% Cash & Current Assets 0.33% Net receivables / payables -0.06% Total Net Assets % Life Midcap Fund % Finance 11.03% Consumer Non Durables 10.17% Software 9.42% Construction 8.35% Banks 7.47% Pharmaceuticals 6.31% Gas 5.03% Auto Ancillaries 4.61% Industrial Products 4.48% Petroleum Products 3.74% Chemicals 3.71% Industrial Capital Goods 3.51% Consumer Durables 3.03% Services 2.74% Construction Project 2.68% Cement 2.29% Pesticides 1.66% Auto 1.28% Textile Products 1.11% Power 0.97% Miscellaneous 0.58% Ferrous Metals 0.29% Cash & Current Assets 4.69% Net receivables / payables 0.86% Total Net Assets % Life Top 100 Fund % Banks 22.44% Software 12.84% Pharmaceuticals 8.58% Petroleum Products 8.12% Auto 6.30% Finance 4.84% Consumer Non Durables 4.66% Industrial Capital Goods 3.62% Construction Project 3.12% Cement 3.11% Power 3.00% Auto Ancillaries 2.67% Industrial Products 1.74% Telecom - Services 1.62% Media & Entertainment 1.46% Minerals/Mining 1.36% Gas 1.08% Non - Ferrous Metals 1.03% Chemicals 0.95% Transportation 0.68% Consumer Durables 0.50% International Equity 0.44% Retailing 0.40% WARRANT 0.30% Fertilisers 0.28% Construction 0.22% Futures and Options 0.22% Oil 0.19% Corporate Debt 0.08% Cash & Current Assets 2.16% Net receivables / payables 2.00% Total Net Assets % Life Frontline Equity Fund % Banks 22.46% Software 11.79% Petroleum Products 7.40% Auto 7.40% Pharmaceuticals 7.38% Consumer Non Durables 7.28% Finance 5.54% Construction Project 3.29% Cement 3.03% Industrial Capital Goods 2.60% Media & Entertainment 2.42% Power 1.97% Industrial Products 1.88% Minerals/Mining 1.51% Auto Ancillaries 1.49% Futures and Options 1.08% Non - Ferrous Metals 0.96% Construction 0.74% Pesticides 0.57% Telecom - Services 0.55% Oil 0.44% Fertilisers 0.38% WARRANT 0.30% Consumer Durables 0.24% Transportation 0.14% Corporate Debt 0.05% Gas 0.04% Cash & Current Assets 6.19% Net receivables / payables 0.88% Total Net Assets % Life Buy India Fund % Auto Ancillaries 15.68% Finance 13.78% Banks 12.72% Consumer Non Durables 11.63% Pharmaceuticals 9.77% Transportation 7.11% Auto 6.28% Retailing 5.18% Consumer Durables 4.63% Pesticides 4.36% Media & Entertainment 3.61% Services 3.42% Miscellaneous 0.00% Cash & Current Assets 2.52% Net receivables / payables -0.68% Total Net Assets % Note: The above Allocation is as per Industry classification as recommended by AMFI. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 108

112 Industry Allocation Life MNC Fund % Consumer Non Durables 14.98% Pharmaceuticals 13.23% Finance 11.55% Auto Ancillaries 9.85% Auto 9.04% Industrial Capital Goods 7.50% Pesticides 7.16% Banks 5.07% Consumer Durables 4.94% Industrial Products 4.40% Services 3.61% Transportation 2.84% Cement 1.04% Software 0.60% Construction 0.27% Petroleum Products 0.18% Corporate Debt 0.01% Miscellaneous 0.00% Cash & Current Assets 4.01% Net receivables / payables -0.28% Total Net Assets % Life Dividend Yield Plus % Banks 15.76% Software 11.64% Industrial Products 8.80% Consumer Non Durables 8.71% Pharmaceuticals 8.13% Finance 7.08% Auto 5.93% Petroleum Products 4.99% Industrial Capital Goods 4.93% Media & Entertainment 4.65% Cement 3.91% Textile Products 2.93% Non - Ferrous Metals 2.03% Minerals/Mining 1.99% Transportation 1.96% Oil 1.47% Gas 1.09% Power 0.91% Auto Ancillaries 0.84% Hotels, Resorts And Other Recreational Activities 0.72% Consumer Durables 0.34% Cash & Current Assets 0.83% Net receivables / payables 0.36% Total Net Assets % Life Balanced 95 Fund % Government Bond 19.65% Banks 13.87% Pharmaceuticals 6.54% Software 6.41% Petroleum Products 6.36% Finance 4.96% Media & Entertainment 4.52% Auto 4.39% Corporate Debt 3.95% Industrial Products 3.78% Consumer Non Durables 2.81% Industrial Capital Goods 2.37% Construction Project 2.26% Chemicals 1.61% Cement 1.45% Transportation 1.37% Consumer Durables 1.15% Gas 1.04% Floating Rate Note 1.03% Auto Ancillaries 0.77% Minerals/Mining 0.73% Power 0.66% Retailing 0.64% State Government Bond 0.63% Futures and Options 0.60% Pesticides 0.55% Non - Ferrous Metals 0.51% Telecom - Services 0.46% Textile Products 0.42% WARRANT 0.31% Miscellaneous 0.00% Cash & Current Assets 4.18% Total Net Assets % Life Small & Midcap Fund % Finance 11.91% Consumer Non Durables 10.17% Pharmaceuticals 8.33% Banks 6.88% Software 6.07% Cement 5.77% Auto Ancillaries 5.20% Textile Products 4.82% Construction 4.70% Industrial Products 4.50% Transportation 3.70% Industrial Capital Goods 3.12% Chemicals 3.06% Gas 2.47% Ferrous Metals 2.45% Construction Project 2.41% Consumer Durables 2.21% Retailing 2.08% Petroleum Products 1.98% Cash & Current Assets 8.10% Net receivables / payables 0.08% Total Net Assets % Life Index Fund % Futures and Options 25.53% Banks 17.75% Software 12.10% Consumer Non Durables 7.44% Auto 6.98% Pharmaceuticals 5.39% Finance 5.19% Petroleum Products 4.97% Construction Project 2.73% Cement 2.11% Power 1.93% Telecom - Services 1.65% Oil 1.34% Minerals/Mining 1.11% Media & Entertainment 0.63% Transportation 0.62% Non - Ferrous Metals 0.55% Gas 0.46% Ferrous Metals 0.45% Auto Ancillaries 0.45% Industrial Capital Goods 0.40% Cash & Current Assets 18.15% Net receivables / payables % Total Net Assets % Life Long Term Advantage Fund % Banks 20.38% Software 13.93% Petroleum Products 9.26% Finance 8.01% Consumer Non Durables 7.51% Auto 6.52% Pharmaceuticals 6.43% Cement 3.08% Auto Ancillaries 2.59% Industrial Products 2.58% Non - Ferrous Metals 2.42% Construction 2.15% Telecom - Services 1.60% Construction Project 1.36% Gas 1.32% Industrial Capital Goods 1.19% Consumer Durables 1.09% Pesticides 1.08% Services 1.08% Media & Entertainment 1.08% Minerals/Mining 0.99% Chemicals 0.73% Fertilisers 0.68% Retailing 0.52% Cash & Current Assets 1.81% Net receivables / payables 0.60% Total Net Assets % Note: The above Allocation is as per Industry classification as recommended by AMFI. Life India Opportunities Fund % Software 33.51% Pharmaceuticals 22.32% Industrial Products 10.56% Industrial Capital Goods 6.26% Auto Ancillaries 5.92% Petroleum Products 5.38% Non - Ferrous Metals 4.53% Auto 3.47% Textile Products 3.15% Finance 2.69% Miscellaneous 0.00% Cash & Current Assets 3.67% Net receivables / payables -1.46% Total Net Assets % Life India Reforms Fund % Government Bond 28.41% Banks 24.90% Auto 10.72% Finance 9.11% Construction Project 6.13% Industrial Capital Goods 5.75% Cement 4.85% Industrial Products 3.45% Construction 1.67% Auto Ancillaries 1.17% Power 0.73% Media & Entertainment 0.05% Cash & Current Assets 4.35% Net receivables / payables -1.28% Total Net Assets % Life Pure Value Fund % Petroleum Products 18.03% Chemicals 12.88% Transportation 6.54% Banks 5.73% Finance 5.64% Auto Ancillaries 5.57% Pharmaceuticals 5.53% Software 5.24% Media & Entertainment 4.33% Construction 4.07% Gas 3.19% Textile Products 2.98% Consumer Non Durables 2.95% Construction Project 2.76% Cement 2.56% Pesticides 2.50% Fertilisers 1.61% Consumer Durables 1.28% Minerals/Mining 1.10% Industrial Capital Goods 1.08% Auto 0.93% Ferrous Metals 0.93% Telecom - Equipment & Accessories 0.16% Cash & Current Assets 3.66% Net receivables / payables -1.28% Total Net Assets % The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 109

113 Industry Allocation Life Dynamic Asset Allocation Fund % Banks 11.83% Auto 8.71% Textile Products 7.64% Finance 7.01% Cement 6.71% Software 6.66% Pharmaceuticals 5.28% Industrial Products 4.31% Petroleum Products 2.76% Textiles - Cotton 2.21% Ferrous Metals 2.19% Power 2.02% Construction 2.00% Retailing 1.51% Industrial Capital Goods 1.45% Minerals/Mining 1.33% Oil 1.11% Media & Entertainment 0.70% Transportation 0.38% Consumer Non Durables 0.35% Healthcare Services 0.21% Corporate Debt 0.08% Futures and Options % Cash & Current Assets 18.51% Net receivables / payables 15.84% Total Net Assets % Life Global Commodities Fund % I_Mutual_Fund_Units 83.21% Cash & Current Assets 16.91% Net receivables / payables -0.12% Total Net Assets % Life Global Real Estate Fund % I_Mutual_Fund_Units 97.67% Cash & Current Assets 1.22% Net receivables / payables 1.10% Total Net Assets % Life Latin America Equity Fund % I_Mutual_Fund_Units 89.60% Cash & Current Assets 10.82% Net receivables / payables -0.42% Total Net Assets % Life Equity Savings Fund % Banks 16.29% Government Bond 14.70% Finance 10.57% Auto 8.69% Petroleum Products 8.68% Consumer Non Durables 5.57% Pharmaceuticals 5.55% Auto Ancillaries 3.86% Industrial Capital Goods 1.88% Oil 1.87% Cement 1.46% Industrial Products 0.85% Textile Products 0.76% Construction Project 0.67% Pesticides 0.65% Software 0.56% Engineering Services 0.54% Chemicals 0.49% Gas 0.48% Consumer Durables 0.30% Power 0.25% Retailing 0.22% Futures and Options % Cash & Current Assets 6.30% Net receivables / payables 49.27% Total Net Assets % Country/Industry Allocation Life Commodity Equities Fund - Global Agri Plan (GAP) % United States 59.38% Switzerland 18.99% Mauritius 5.18% Japan 4.42% Canada 4.33% Norway 4.17% Russian Federation 1.53% Chile 0.91% Cash & Current Assets 2.95% Net receivables / payables -1.86% Total Net Assets % Life International Equity Fund - Plan B % United States 17.43% Banks 14.02% Finance 8.69% Software 8.14% Auto 5.73% Consumer Non Durables 4.98% Textile Products 4.02% Industrial Products 3.86% Cement 3.13% Pharmaceuticals 2.64% Non - Ferrous Metals 2.03% Oil 1.76% Construction 1.71% Ferrous Metals 1.47% Australia 1.45% Chemicals 1.44% Japan 1.33% United Kingdom 1.32% Media & Entertainment 1.32% Hong Kong 1.29% Power 1.13% Germany 1.06% France 1.01% Services 0.96% Retailing 0.95% Netherlands 0.86% Auto Ancillaries 0.78% Swaziland 0.77% Switzerland 0.68% Minerals/Mining 0.65% Sweden 0.62% Life International Equity Fund - Plan B % Norway 0.60% Textiles - Cotton 0.54% Industrial Capital Goods 0.11% Cash & Current Assets 1.96% Net receivables / payables -0.47% Total Net Assets % Life International Equity Fund - Plan A % United States 56.33% Australia 5.05% Hong Kong 4.97% United Kingdom 4.55% Japan 4.38% Germany 4.10% France 3.31% Netherlands 2.97% Swaziland 2.67% Sweden 2.39% Switzerland 2.25% Norway 2.22% Cash & Current Assets 3.84% Net receivables / payables 0.98% Total Net Assets % Note: The above Allocation is as per Industry classification as recommended by AMFI. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 110

114 Industry Allocation TAX SAVINGS SOLUTIONS Life Tax Plan % Banks 15.01% Auto Ancillaries 12.17% Finance 9.08% Pharmaceuticals 8.24% Software 6.15% Industrial Capital Goods 5.72% Cement 4.76% Pesticides 4.37% Consumer Non Durables 4.12% Auto 3.97% Transportation 3.79% Media & Entertainment 3.32% Petroleum Products 2.90% Retailing 2.85% Services 2.78% Industrial Products 2.10% Construction Project 1.97% Consumer Durables 1.87% Non - Ferrous Metals 0.22% Miscellaneous 0.00% Cash & Current Assets 4.80% Net receivables / payables -0.18% Total Net Assets % Life Tax Relief 96 % Banks 15.33% Auto Ancillaries 12.42% Finance 9.38% Pharmaceuticals 8.48% Software 6.28% Industrial Capital Goods 5.92% Cement 4.86% Pesticides 4.47% Consumer Non Durables 4.26% Auto 4.06% Transportation 3.90% Media & Entertainment 3.39% Petroleum Products 2.96% Services 2.87% Retailing 2.85% Industrial Products 2.16% Construction Project 2.01% Consumer Durables 1.92% Non - Ferrous Metals 0.23% Miscellaneous 0.00% Cash & Current Assets 2.50% Net receivables / payables -0.24% Total Net Assets % Life Tax Savings Fund % Banks 15.35% Auto Ancillaries 12.38% Finance 9.27% Pharmaceuticals 8.43% Software 6.35% Industrial Capital Goods 5.86% Cement 4.88% Pesticides 4.45% Consumer Non Durables 4.25% Auto 4.08% Transportation 3.86% Media & Entertainment 3.39% Petroleum Products 2.95% Retailing 2.87% Services 2.83% Industrial Products 2.15% Construction Project 2.01% Consumer Durables 1.91% Non - Ferrous Metals 0.25% Cash & Current Assets 3.00% Net receivables / payables -0.52% Total Net Assets % SAVINGS SOLUTIONS Life Enhanced Arbitrage Fund % Banks 12.80% Petroleum Products 9.09% Pharmaceuticals 8.77% Consumer Non Durables 5.95% Margin Fixed Deposit 4.34% Money Market Instruments 4.31% Auto 4.24% Finance 3.70% Construction Project 3.08% Construction 2.32% Transportation 2.19% Media & Entertainment 1.67% Auto Ancillaries 0.88% Ferrous Metals 0.75% Power 0.75% Software 0.50% Cement 0.50% Pesticides 0.42% Oil 0.02% Futures and Options % Cash & Current Assets 11.15% Net receivables / payables 80.40% Total Net Assets % Note: The above Allocation is as per Industry classification as recommended by AMFI. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 111

115 View portfolio summary View transaction history Track portfolio Purchase, Switch & Redeem Change TPIN (Track portfolio personal Identification Number Get Account Statement instantly Online Portfolio Access mutualfund.birlasunlife.com All India Telephone Toll Free : (MTNL/BSNL) Missed Call for A/C Stmt Just give us a missed call on from your registered mobile no. For further details on our Funds, please visit our customer service centres as per details given below. Life Asset Management Company Limited (Investment manager for Life Mutual Fund) CIN: U65991MH1994PLC One Indiabulls Centre, Tower 1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai BRANCHES IDEA Toll Free No & the centralised TOLL no South Branches East Branches West Branches North Branches Chennai Kottayam Kolkata Bhillai Madgaon Valsad Mumbai - India Bulls Jammu Jaipur Udaipur Madurai Bangalore Durgapur Raipur Panaji Vapi Mumbai - Industry House Ludhiana Jalandhar Varanasi Trichy Mysore Siliguri Cuttack Ahmedabad Bhopal Mumbai - Thane Shimla Jodhpur Coimbatore Belgaum Guwahati Anand Gwalior Mumbai - Vashi Agra Kanpur Salem Hubli Patna Bharuch Indore Mumbai - Borivali Ajmer Lucknow Pondicherry Mangalore Dhanbad Bhavnagar Jabalpur Nagpur Allahabad Meerut Cochin Hyderabad Ranchi Jamnagar Amrawati Nashik Amritsar Moradabad Calicut Vijayawada Jamshedpur Navsari Aurangabad Pune Chandigarh New Delhi Trivandrum Vishakapatnam Bhubaneswar Rajkot Kolhapur Jalgaon Dehradun Noida Trichur Rourkela Surat Mumbai - Ghatkopar Gorakhpur Panipat Vadodara Gurgaon Patiala Disclaimer: This document has been prepared by Life Asset Management Co. Ltd. (BSLAMC) for information purposes only and should not at any point of time be construed as an offer or solicitation of an offer for purchase of any securities/ instruments or to the units of Life Mutual Fund. Views/ outlook expressed herein are for general information only and do not have regards to specific investment objectives, financial situation and/or the particular needs of any specific person who may have receive this information. Investors are requested to note that Fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax implication. The data contained in this document maybe based on certain assumptions and/or compiled from sources, which BSLAMC believes to be reliable, but cannot guarantee its accuracy or completeness. Further the opinions, estimates and facts referred to in this document constitute our view as of current date and are subject to change without notice and BSLAMC is under no obligation to update the same. These views/outlook alone are not sufficient and should not be used for the development or implementation of an investment strategy and should not be construed as investment advice to any party. The Material provided in the Empower cannot be reproduced or quoted anywhere without express permission from Life Asset Management Company Ltd. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.