Investment Outlook-Equity

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2 CEO Perspective Let me begin by saying that Union Budget presented by the Finance Minister on 1 st February 2017 is a unique budget compared to the budgets presented all these years. First time ever the country witnessed Railway Budget getting abolished and getting integrated with the Union Budget. Second, post the swap of high denomination notes such as ` 500 and ` 1000, lots of expectations got built for the budget sops. Frankly, Capital market players were afraid of the Long Term capital tax being removed for equity investing, Estate tax would be levied and so on so forth but surprisingly none of such expectations were presented in the budget. Hence, market assumed that NO BAD news is A GOOD News. Therefore, we saw a pullback in the market on the day of budget and subsequent period. Overall budget provisions were more or less in sync with the stated objective of the Government to move from Reform to Transform and create Clean India. Clean India is being extended to taxation post the Demonetization exercise. Tax reforms have been the primary focus in this budget apart from focusing on driving the growth through Government spending. Government spending is more focused towards sectors that not only create growth for the economy but generates employment as well. Capital allocations towards Road and Railways, the two high capital consuming sectors, have been in line with expectation. While doing so, increase in MNREGA allocation indicates Government focus in building rural India through the agriculture sector. The budget emphasized more on large pool of Medium Small Scale enterprises by cutting their tax payout to 25% as against their current tax rate of 30% plus. We also expected some incentives and initiatives that would come to kick start Affordable housing project in India, in order to drive the economy as well as provide employment. In totality, the budget can be termed as pro-growth and outcome oriented budget. Contrary to the widespread belief that Government would shoot up on the fiscal balance to stimulate the economy, the budget focused on optimizing revenue through tax collection and widening the tax base and while bringing in efficiency in the collection mechanism. I am confident, Digital economy focus will bring higher tax compliance and this will further get a flip once Goods and Service tax is introduced. To sum up, I would rate the budget more balanced budget with no major changes. However, if we add all the small changes, the impact for good will be high. Therefore, I would rate the budget at around 8 in a scale of 10. From investment point of view, one needs to look beyond budget including Global outcomes. As we saw in the year 2016, wherein lots of unexpected events happened, this year too we might witness a similar trend. Therefore, investors have to look at investing for long term both in debt and equity. Given the fact, traditional assets like Real Estate and Gold will become less attractive from the financial investors point of view. We remain committed to serve the growing financial savings in the country and Investors at large. I

3 Investment Outlook-Equity The month of January was dominated with three things What would Donald Trump do after taking over office on 20 th of Jan? Would there be changes capital gains tax of equities for both domestic and FPIs? Most importantly, what would be the impact of demonetization on quarterly results? As quarterly results started pouring in with results being better than estimates, markets started figuring out that things were not that bad and hence started to rebound supported by global markets as well. All the losses made post demonetization were recouped by the indices. The large cap index - Nifty 50 Index rose 4.6% for the month. The midcaps were back in favor with the Midcap Index (Nifty Midcap 100 Index) gaining 7.4% for the month. The small cap index (Nifty Smallcap 100 Index) outperformed its large cap & midcap peers to gain 9% for the month.(source: Bloomberg) In terms of flows, the FPIs sold over USD 500 mn in the first half of the month in the cash market. However, after the CBDT circular on indirect transfer issued in Dec was put in abeyance, FPIs restarted their buying and bought over USD 500 mn in the second half. Among the domestic institutions, the mutual funds bought about USD 800 mn and other DIIs were net sellers with the total tally of DIIs at USD 697 mn. (Source: Bloomberg) On the data front, the numbers are mixed. CPI for the month of December came in at 3.4%. a decrease of 0.2% over the previous month due to benign food inflation. The Dec WPI came in at 3.9% which was 0.7% above the previous month primarily driven by global commodity prices. The IIP for Nov increased by 5.7% which was a 13 month low. After touching a three year low of 47.6 in Dec, the composite PMI expanded by 1.8 points to 49.4 in Jan which still shows contraction. (Source: Bloomberg) We are in the midst of the earnings season which has been a mixed bag. For most companies the results seem to be above estimates and that is primarily because the earnings estimates have been reset post demonetization. On the global policy front, the fed stayed put without any change in interest rates in the US. On the domestic side, the budget in India was historic on many fronts. The railway budget was combined with Union budget after 92 years. The plan and non plan was combined into one. It was presented on 1 st of Feb instead of last day of Feb as it would allow the bills to be passed and expenditure could start right from the first day of the new financial year. The budget was prudent, credible, compliance focus and bridged gaps which were present earlier. The highlight was that the fiscal deficit is contracted to 3.2% for FY18 and would be at 3% for next three years. This is positive for signaling to international investors and rating agencies that we are serious about fiscal consolidation. The growth in revenues is taken at 12.7% and expenditure at 6.6% which are both achievable. The allocations to rural, agriculture and infrastructure have been significant. (Source: FinMin website) From equity market perspective, we have seen a sharp recovery. There are always reasons for markets to be cautious like they would be due to the ongoing state elections and developments because of Trump policies are unraveling by the day. Though the markets are trading above fair valuations, we expect the recovery in earning in FY18 would help the markets to scale to new high going forward. Hence participation in staggered manner is suggested. Investors could consider large cap funds, multi cap funds, balanced fund and dynamic equity fund based on their risk appetite and requirement. Thank you. Happy New Year and Happy investing! USD: United States Dollar; FPI: Foreign Portfolio Investors; DII: Domestic Institutional Investors; BSL: life; WPI: Wholesale Price Index; CPI: Consumer Price Index; IIP: Index of Industrial Production; PMI: Purchasing Managers Index; FY: Fiscal Year; CBDT: Central Board of Direct Taxes II

4 Investment Outlook-Debt The monetary policy on Feb 8 th 2017 surprised markets for more reasons than one. The MPC chose to stay on hold on rates but shifted its stance from accommodative to neutral. This has made market participants believe that rate easing cycle is close to conclusion. While the status quo on rates did have its impact on yields, it was the sudden shift in stance that led to yields soaring by ~40bps. To be sure, this move happened while the RBI accepted that FY17 and FY18 GVA growth is weaker versus their previous forecasts, average CPI inflation for Q4FY17 is clearly below 5% and also FY18 CPI inflation is estimated to average at ~4.5% (within RBI s flexible inflation target). (Source: RBI) In this backdrop, the shift in stance seems more likely governed by global uncertainty and more optimistic expectation of local growth recovery. The impact of Trump s policies in the US and its implications on global growth, inflation and bond yields were the key reasons driving the shift in stance. These can have ramifications for commodity prices and exchange rate, thus impacting the domestic inflation trajectory. We think that global markets have arguably overpriced the positive impact of Trumponomics (if at all implemented) and that is in fact visible in the recent retracement in US treasury yields. So, while global markets are reassessing the feasibility of these radical measures, our Central bank seems to have taken the over cautious road. On local growth, our sense is RBI has overestimated the reflationary impact of remonetisation, budget spending and soft MCLRs. The fact that we have consolidated fiscally with a total expenditure of 6.6% yoy budgeted for FY18 ( lower than estimated nominal GDP growth rate of 11.75%) and capital spend as a % of GDP has stagnated 1.8%. This in effect means that govt s is in fact withdrawing its participation in stepping up growth. In such a situation one could have expected RBI to fill in the gap to facilitate recovery. On the contrary, RBI chose to turn neutral in uncertain times like these. As far as the supportive role of softer MCLR is concerned, the fact that the RBI is now neutral has made market participants believe that the rate easing cycle in mostly over. This leaves banks with hardly any incentive to cut MCLR or base rate. In fact, transmission to base rate was far more muted anyway. So by announcing to be neutral, RBI has made further transmission more challenging. Thereby obstructing the anticipated recovery aided by easy financial conditions. From an investment standpoint, yes this move has taken us by surprise and we await more clarity before firmly changing our view. For now, the losses to the investors may stay for a couple of months but investors can stay to their position, because should the gap between our assessment of local economic conditions and global developments versus RBI s understanding bridge in our favor, the MPC may have to come about to be accommodative again. As for new investments, accrual funds offer a great alternative on a risk adjusted basis given that the markets may remain volatile in near term. To conclude, there have been times in the past where our assessment and the understanding of policymakers have differed. We are diligently assessing our view and would remain agile enough to take actions on either side post getting reasonable clarity basis incoming data. Glossary- MPC- Monetary Policy Committee MCLR- Marginal Cost of funds based Lending Rate GVA- Gross Value Add III

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7 Good to remember Healthy financial habits to follow at every age Hi, I am Mani Bachhan and I am here to share with you the financial plan of my life. I hope it encourages you to plan your finances not just for your secure future but the future of your loved ones too. The Smart Cub When I was a kid, my aunt Mrs. Ameera Bachhan would give me 100 rupees. I would immediately put 50 rupees in my piggy bank and the balance I would spend on sweets. After a few years, I bought a bicycle for myself, thanks to my savings habit. The New Recruit I have just secured my first job and am earning for the first time. I now spend my income on some of my hobbies like photography and also contribute towards house expenses. My mother Punji Bachhan encouraged me to save 10% of my income for my future, an advice I feel every youth should follow. The ideal Partner I met a nice girl called Ms. Achhi and within a short time she became Mrs. Achhi Bachhan. Since we planned to have children in the very near future, my wife and I decided to save 35% of our income towards our future needs. A Family Man My wife and I had 2 kids, our boy we called Bada Bachhan and our daughter Chhoti Bachhan. Combining our household expenses with their schooling fees, it amounted up to 50% of our incomes. 30% + 20% Of course to keep Bada, Chhoti and the wife happy I reserved another 30% of my income for expenses like movies, shopping, etc., which left 20% for savings, which was good enough. Mr. Four wheels We decided to invest in a car because as a family there were a lot of birthday parties, events and outings to attend. When buying a car we followed the rule: 20% towards our down payment, 4 years in terms of financing and Max 10% of our income towards our EMIs. This ensured we never felt financially constrained. 20% 10% 4Years VI

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9 Funds at a Glance SCHEME Life Cash Plus Life Floating Rate Fund - Short Term Plan Life Cash Manager Life Savings Fund Life Floating Rate Fund - Long Term Plan Life Enhanced Arbitrage Fund Life Short Term Fund (erstwhile Life Income Fund) Life Short Term Opportunities Fund Life Treasury Optimizer Plan (erstwhile Life Ultra Short Term Fund) Life Medium Term Plan Life Corporate Bond Fund Life Dynamic Bond Fund PLAN/OPTION (which continue for fresh subscription) PLAN^ OPTION Direct Plan Direct Plan Direct Plan Direct Plan Direct Plan Direct Plan Direct Plan Direct Plan Direct Plan Direct Plan Direct Plan Direct Plan Daily Dividend (Reinvestment) Weekly Dividend (Payout / Reinvestment) Dividend (Payout / Reinvestment) Daily Dividend (Reinvestment) Weekly Dividend (Reinvestment) Daily Dividend (Reinvestment) Weekly Dividend (Reinvestment) Daily Dividend (Reinvestment) Weekly Dividend (Payout / Reinvestment) Daily Dividend (Reinvestment) Weekly Dividend (Reinvestment) Dividend (Payout / Reinvestment /Sweep) Monthly Dividend (Payout/Reinvestment/Sweep) Dividend (Payout/Reinvestment/Sweep) Quarterly Dividend (Payout / Reinvestment) Dividend (Payout / Reinvestment) Monthly Dividend (Payout / Reinvestment) Quarterly Dividend (Payout / Reinvestment) Dividend (Payout / Reinvestment) Quarterly Dividend (Payout / Reinvestment) Half Yearly Dividend (Payout / Reinvestment) Dividend (Payout / Reinvestment /Sweep) Dividend (Payout / Reinvestment) Monthly Dividend Sweep Monthly Dividend (Payout / Reinvestment /Sweep) Quarterly Dividend (Payout / Reinvestment /Sweep) Dividend (Payout / Reinvestment /Sweep) SAVINGS SOLUTIONS DEFAULT OPTION** MINIMUM INVESTMENT AMOUNT Daily Dividend Reinvestment ` 1,000/- Daily Dividend Reinvestment ` 1,000/- Daily Dividend Reinvestment ` 1,000/- Daily Dividend Reinvestment ` 1,000/- Daily Dividend Reinvestment ` 1,000/- Dividend Reinvestment ` 1,000/- Dividend Reinvestment ` 1,000/- ` 1,000/- Monthly Dividend Reinvestment ` 1,000/- ` 1,000/- ` 1,000/- Choice of Option : Quarterly Dividend Choice of Sub-Option : Dividend Reinvestment EXIT LOAD For redemption-switch out consider from the date of allotment. 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) In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 180 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 180 days from the date of allotment: (w.e.f. October 10, 2016) In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 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:. (w.e.f. October 10, 2016) 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:. ^Direct Plan 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 Direct Plan is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan. 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 Direct Plan 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. ` 1,000/- Life Income Plus Dividend (Payout / Reinvestment) Quarterly Dividend (Payout / Reinvestment) Dividend Reinvestment ` 1,000/- Direct Plan Life Constant Maturity 10 Year Gilt Fund (erstwhile Quarterly Dividend (Payout / Reinvestment /Sweep) Life Gilt Plus ) Direct Plan ` 1,000/- Life Government Half Yearly Dividend (Payout / Reinvestment) Securities Fund- Long Term Plan Direct Plan ` 1,000/- Life Gilt Plus - PF Plan Quarterly Dividend (Payout / Reinvestment /Sweep) Direct Plan (Quarterly Gain / Annual Gain) ` 1,000/- Life Active Debt Multi Manager FoF Scheme Dividend (Payout/Reinvestment) Direct Plan Dividend Reinvestment ` 1,000/- Life Financial Planning FOF Dividend (Payout/Reinvestment) - Conservative Plan Direct Plan Dividend Reinvestment ` 1,000/- Life Financial Planning FOF Dividend (Payout/Reinvestment) Prudent Plan Direct Plan Dividend Reinvestment ` 1,000/- In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 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: (w.e.f. October 10, 2016) 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: VIII

10 Product Labelling Disclosures Name of Scheme This product is suitable for investors who are seeking*: Riskometer 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 Life Cash Manager reasonable returns with convenience of liquidity over short term (An Open ended Income Scheme) investments in a basket of debt and money market instruments of very short maturities Life Savings Fund reasonable returns with convenience of liquidity over short term (An Open ended Short Term Income investments in debt and money market instruments Scheme) Life Floating Rate Fund - income with capital growth over short term Long Term Plan investments in a mix of fixed and floating rate debt and money market instruments (An Open ended Income Scheme) Life Enhanced Arbitrage income over short term Fund investments in equity and equity related securities including derivatives for taking advantage (An Open ended Equity Scheme) from the price differentials/mis-pricing prevailing for stock/index in various segments (Cash & Futures) Investors understand that their principal will be at Low risk Investors understand that their principal will be at Moderately Low risk Life Short Term Fund (An Open ended Income Scheme) income with capital growth over short term investments in debt and money market instruments Investors understand that their principal will be at Moderate risk Life Short Term income with capital growth over short to medium term Opportunities Fund (An Open ended Income Scheme) investments in debt and money market instruments with short to medium term maturities across the credit spectrum within the investment grade Life Treasury Optimizer reasonable returns with convenience of liquidity over short term Plan (erstwhile Life Ultra investments in debt and money market securities with relatively low levels of interest rate risk Short Term Fund) (An Open ended Short Term Income Scheme) Life Medium Term Plan income with capital growth over medium to long term (An Open ended Income Scheme) investments in debt and money market instruments Life Corporate Bond Fund Income with capital growth over short to medium term (An Open ended Income Scheme) Investment in portfolio of corporate debt securities with short to medium term maturities across the credit spectrum within the investment grade. Life Dynamic Bond Fund income with capital growth over short term (An Open ended Income Scheme) investments in actively managed portfolio of high quality debt and money market instruments including government securities Life Income Plus income with capital growth over medium to long term (An Open ended Income Scheme) investments in a combination of debt and money market instruments including government securities of varying maturities Life Constant Maturity 10 credit risk-free returns based on their own view on interest rate scenario over short to medium Year Gilt Fund (erstwhile term Life Gilt Plus ) (An investments in a portfolio of Central Government securities of around 10 year average maturity. Open ended Government Securities Scheme) Life Government Securities income with capital growth over medium to long term Fund - Long Term investments exclusively in Government Securities Plan (An Open ended Gilt Scheme) Life Gilt Plus - PF Plan income with capital growth over medium to long term (An Open ended Government investments exclusively in Government Securities Securities Scheme) Life Active Debt Multi Capital appreciation in the long term Manager FoF Scheme Investment in a dynamically managed portfolio of debt funds (An Open ended Fund of Funds Scheme) Life Financial Planning Capital appreciation through strategic asset allocation which is based on satisfying the needs to a FOF - Conservative Plan specific risk-return profile (Conservative) of investors in the long term (An Open ended Fund of Funds Investment in portfolio of mutual fund schemes (predominantly in liquid / money market funds & Scheme) debt funds) Life Financial Planning Capital appreciation through strategic asset allocation which is based on satisfying the needs to a FOF - Prudent Plan specific risk-return profile (Prudent) of investors in the long term (An Open ended Fund of Funds Investment in portfolio of mutual fund schemes (predominantly in a combination of equity funds, Scheme) liquid / money market funds & debt funds) Investors understand that their principal will be at Moderately Low risk Investors understand that their principal will be at Moderate risk *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 IX

11 Funds at a Glance REGULAR INCOME SOLUTIONS SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUM INVESTMENT PLAN^ OPTION AMOUNT Life MIP II - Savings 5 Plan Choice of Option : Monthly Dividend (Payout / Reinvestment /Sweep) Choice of Sub-Option within Monthly Monthly Payment Dividend Direct Plan Option : Dividend Reinvestment ` 1,000/- Life MIP Life Monthly Income Direct Plan Direct Plan Monthly Dividend (Payout/Reinvestment/Sweep) Monthly Payment (Instant / Deferred) Monthly Dividend (Payout/Reinvestment/Sweep) Quarterly Dividend (Payout/Reinvestment/Sweep) Choice of Option within Monthly Dividend : Dividend Reinvestment Choice of Option within Monthly Payment Plan : Instant Choice of Plan : Choice of Option within Monthly Dividend : Dividend Reinvestment Choice of Plan within Quarterly Dividend : Dividend Reinvestment 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:. 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. ` 1,000/- ` 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:. Life MIP II - Wealth 25 Plan In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from Choice of Option : Monthly Dividend (Payout / Reinvestment /Sweep) the date of allotment.any redemption in excess of the above limit Choice of Sub-Option within Monthly Monthly Payment ` 1,000/- shall be subject to the following exit load: For redemption / switchout of units on or before 365 days from the date of allotment: 1.00% Dividend Direct Plan Option : Dividend Reinvestment ofapplicable NAV. For redemption / switch-out of units after 365 days from the date of allotment:. (w.e.f. October 10, 2016) ^Direct Plan 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 Direct Plan is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan. 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 Direct Plan of the Scheme, as the case maybe, shall be applied accordingly. TAX SAVINGS SOLUTIONS SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUM INVESTMENT PLAN^ OPTION AMOUNT Life Tax Relief 96 # Dividend (Payout/Sweep) Direct Plan EXIT LOAD For redemption-switch out consider from the date of allotment. Dividend Payout ` 500/- Life Tax Plan # Dividend (Payout/Sweep) Direct Plan Dividend Payout ` 500/- Life Tax Savings Fund Dividend (Payout) Direct Plan Bonus 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. ^Direct Plan 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 Direct Plan is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan. 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 Direct Plan 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. X

12 Product Labelling Disclosures Name of Scheme This product is suitable for investors who are seeking*: Riskometer Life MIP II - Savings 5 Plan (An Open ended Income Scheme. 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 [0-10%] Monthly income is not assured and is subject to availability of distributable 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 securities [upto 15%] subject to availability of distributable surplus) 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 securities [upto 15%] subject to availability of distributable surplus) Life MIP II - Wealth 25 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. securities [20-30%] Monthly income is not assured and is subject to availability of distributable surplus) 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, subject to Savings Scheme (ELSS) with a lock-in eligibility of 3 years) 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, subject to Savings Scheme (ELSS) with a lock-in eligibility of 3 years) Life Tax Savings Investment in equity linked savings scheme (lock in period of 3 years) which aims to provide Fund medium to long term capital appreciation along with income tax rebate (An Open ended Equity Linked Investment predominantly in equity and equity related securities Savings Scheme (ELSS) with a lock-in of 3 years Life Capital Protection capital protection and capital appreciation linked to equity market at the end of medium / long Oriented Fund - Series 18, 19, 20, term tenure 21, 22 & 23 investments in highest rates debt and money market instruments maturing on or before the (A Close ended Capital Protection tenure of the scheme and equity and equity related securities Oriented Scheme) Life Capital Protection capital protection and capital appreciation linked to equity market at the end of medium / long Oriented Fund - Series 25 & 26 term tenure (A Close ended Capital Protection investments in highest rated debt and money market instruments maturing on or before the Oriented Scheme) tenure of the scheme and exposure to derivative instruments (long call options) Life Emerging Leaders long term capital growth Fund - Series 1 to Series 6 investments in equity and equity related securities predominantly in small & midcap companies. (A Close ended Equity Scheme) Life Focused Equity long term capital growth Fund- Series 1 to Series 6 investments in equity securities specified as Eligible Securities as per Rajiv Gandhi Equity Savings (A Close ended Equity Scheme Scheme, 2013, as amended from time to time investing in Eligible Securities as per Rajiv Gandhi Equity Savings Scheme, 2013) *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 Moderate risk Investors understand that their principal will be at Moderately High risk Investors understand that their principal will be at Moderately High risk Investors understand that their principal will be at Moderately Low risk Investors understand that their principal will be at Moderately High risk XI

13 Funds at a Glance WEALTH CREATION SOLUTIONS SCHEME PLAN/ OPTION DEFAULT OPTION** PLAN^ OPTION MINIMUM INVESTMENT AMOUNT EXIT LOAD For redemption-switch out consider from the date of allotment. Life Equity Savings Fund Dividend (Payout, Reinvestment & Sweep) For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. Dividend Reinvestment ` 1,000/- Direct Plan For redemption/switch out of units after 365 days from the date of allotment:. Life Balanced Advantage In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out Fund without any exit load from the date of allotment. Any redemption in excess of the above limit shall be Dividend (Payout/Reinvestment) Dividend Reinvestment ` 1,000/- subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date Direct Plan of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment:. (w.e.f. October 10, 2016) Life Balanced 95 Fund In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out Dividend (Payout/Reinvestment/Sweep) without any exit load from the date of allotment. Any redemption in excess of the above limit shall be Dividend Reinvestment ` 1,000/- subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date Direct Plan of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment:. (w.e.f. October 10, 2016) Life Index Fund Dividend (Payout/Reinvestment/Sweep) Direct Plan Dividend Reinvestment ` 1,000/- Life Frontline Equity Fund Dividend (Payout/Reinvestment/Sweep) Direct Plan Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV. Life Top 100 Fund Dividend (Payout/Reinvestment/Sweep) For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. Dividend Reinvestment ` 1,000/- Direct Plan For redemption/switch out of units after 365 days from the date of allotment: Life Equity Fund Dividend (Payout/Reinvestment/Sweep) For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. Dividend Reinvestment ` 1,000/- Direct Plan For redemption/switch out of units after 365 days from the date of allotment: Life Advantage Fund Dividend (Payout/Reinvestment/Sweep) within 365 days from the date of allotment: 1.00% of applicable NAV. after 365 days from the date of Dividend Reinvestment ` 1,000/- Direct Plan allotment: Life MNC Fund Dividend (Payout/Reinvestment/Sweep) Direct Plan Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV. Life Midcap Fund Dividend (Payout / Reinvestment / Sweep) For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. Dividend Reinvestment ` 1,000/- Direct Plan ( with Triggered Facility) For redemption/switch out of units after 365 days from the date of allotment: Life Small & Midcap Fund Dividend (Payout / Reinvestment) Direct Plan Dividend Payout ` 1,000/- within 365 days/1% of applicable NAV. Life Pure Value Fund Dividend (Payout/Reinvestment) Choice of Plan : For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. ` 1,000/- Direct Plan Choice of Option : Reinvestment For redemption/switch out of units after 365 days from the date of allotment: Life Manufacturing Dividend (Payout & Reinvestment) For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. Equity Fund Dividend Reinvestment ` 1,000/- Direct Plan For redemption/switch out of units after 365 days from the date of allotment:. Life Banking and Financial Services Fund Dividend (Payout/Reinvestment) For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. Dividend Reinvestment ` 1,000/- Direct Plan For redemption/switch out of units after 365 days from the date of allotment: Life Dividend Yield Plus In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out Dividend (Payout/Reinvestment/Sweep) without any exit load from the date of allotment. Any redemption in excess of the above limit shall be Dividend Reinvestment ` 1,000/- subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date Direct Plan of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment:. (w.e.f. October 10, 2016) Life Special Situations Dividend (Payout/Reinvestment/Sweep) Choice of Plan : Fund Direct Plan Choice of Option : Reinvestment ` 1,000/- within 365 days/1% of applicable NAV. Life India Reforms Fund Dividend (Payout / Reinvestment) For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. Dividend Reinvestment ` 1,000/- Direct Plan For redemption/switch out of units after 365 days from the date of allotment: Life Infrastructure Fund Dividend (Payout/Reinvestment/Sweep) Direct Plan Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV. Life New Millennium Fund Dividend (Payout/Reinvestment/Sweep) Direct Plan Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV. Life India GenNext Fund Dividend (Payout/Reinvestment/Sweep) Direct Plan Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV. Life India Opportunities Dividend (Payout/Reinvestment/Sweep) 365 days from the date of allotment: 1.00% of applicable NAV. after 365 days from the date of allotment: Fund Dividend Reinvestment ` 1,000/- Direct Plan. Life International Equity Dividend (Payout/Reinvestment/Sweep) within 365 daysfrom the date of allotment: 1.00% of Fund (Plan A) Dividend Reinvestment ` 1,000/- Direct Plan applicable NAV. after 365 days from the date of allotment:. Life International Equity Dividend (Payout/Reinvestment/Sweep) Fund (Plan B) Direct Plan Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV. Life Commodity Equities Fund - Global Agri Plan (GAP) Dividend (Payout / Reinvestment /Sweep) For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. / Reinvestment ` 1,000/- Direct Plan For redemption/switch out of units after 365 days from the date of allotment: Life Global Commodities Dividend (Payout/Reinvestment) If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the Fund Dividend Reinvestment ` 1,000/- Direct Plan date of allotment - Life Global Real Estate Dividend (Payout / Reinvestment) If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the Fund Dividend Reinvestment ` 1,000/- Direct Plan date of allotment - Life Gold Fund For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For N/A N/A ` 1,000/- redemption/switch out of units after 365 days from the date of allotment: **Exit Load is NIL for units Direct Plan issued in Bonus & Dividend Reinvestment Life Asset Allocator Multi Dividend (Payout/Reinvestment) If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from Manager FoF Scheme Dividend Reinvestment ` 1,000/- Direct Plan the date of allotment - Life Financial Planning Dividend (Payout/Reinvestment) FOF - ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable Dividend Reinvestment Aggressive Plan Direct Plan ` 1,000/- NAV. For redemption/switch out of units after 365 days from the date of allotment: ^Direct Plan 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 Direct Plan is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan. 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 Direct Plan 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. XII

14 Product Labelling Disclosures Name of Scheme This product is suitable for investors who are seeking*: Riskometer Life Equity Savings Fund (An Open ended Equity Scheme) Life Balanced Advantage Fund (An Open ended Asset Allocation Scheme) Life Balanced 95 Fund (An Open ended Balanced Scheme) Life Index Fund (An Open ended Index Linked Scheme) Life Frontline Equity Fund (An Open ended Scheme) Life Top 100 Fund (An Open ended Scheme) Life Equity Fund (An Open ended Scheme) Life Advantage Fund (An Open ended Scheme) Life MNC Fund (An Open ended Scheme) Life Midcap Fund (An Open ended Scheme) Life Small & Midcap Fund (An Open ended Small and Mid Cap Equity Scheme) Life Pure Value Fund (An Open ended Diversified Equity Scheme) Life Manufacturing Equity Fund (An Open ended Manufacturing Sector Scheme) Life Banking and Financial Services Fund (An Open ended Banking & Financial Services Sector Scheme) Life Dividend Yield Plus (An Open ended Scheme) 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 Capital appreciation and regular income in the long term Investment in equity & equity related securities as well as fixed income securities (Debt & Money Market securities) long term capital growth and income investment predominantly in equity and equity related securities as well as debt and money market instruments long term capital growth investments in stocks in line with Nifty 50 and / or in exchange traded derivatives on the Nifty 50 to generate comparable returns, subject to tracking errors. long term capital growth investments in equity and equity related securities, diversified across various industries in line with the benchmark index, S&P BSE 200 long term capital growth investments in equity and equity related securities of top 100 companies as measured by market capitalisation long term capital growth investments in equity and equity related securities long term capital growth investments in equity and equity related securities long term capital growth investments primarily in equity and equity related securities of multinational companies (MNCs) long term capital growth investments primarily in mid cap stocks long term capital growth investments predominantly in equity and equity related securities of companies considered to be small and midcap. long term capital growth investments in equity and equity related securities by following value investing strategy. long term capital growth investments in equity and equity related securities of companies engaged in manufacturing sector. long term capital growth Investments in equity and equity related securities of companies engaged in banking and financial services long term capital growth investments in equity and equity related securities of companies having relatively high dividend yield Investors understand that their principal will be at Moderately High risk Investors understand that their principal will be at High risk Life Special Situations long term capital growth Fund investments in equity and equity related securities by following investment strategy that would (An Open ended Diversified Equity take advantage of Special Situations like buy backs, open offers, demerger etc. & contrarian Scheme) 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 Infrastructure Fund long term capital growth (An Open ended Scheme) investments in equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India Life New Millennium Fund long term capital growth (An Open ended Scheme) investments in equity and equity related securities with a focus on investing in IT, media, telecom related and other technology enabled companies Life India GenNext Fund long term capital growth (An Open ended scheme) 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 Life India Opportunities long term capital growth Fund investments in equity and equity related securities of companies that seek to leverage India s (An Open ended Scheme) competitive advantages in global outsourcing theme. *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 Investors understand that their principal will be at High risk XIII

15 Product Labelling Disclosures Name of Scheme This product is suitable for investors who are seeking*: Riskometer 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 Commodity Equities Fund - Global Agri Plan (GAP) (An Open ended Scheme) Life Global Commodities Fund (An Open ended Fund of Funds Scheme) Life Global Real Estate Fund (An Open ended Fund of Funds Scheme) Life Gold ETF (An Open ended Gold Exchange Traded Fund) Life Gold Fund (An Open ended Fund of Funds Scheme) Life Asset Allocator Multi Manager FoF Scheme (An Open ended Fund of Funds Scheme Life Financial Planning FOF - Aggressive Plan (An Open ended Fund of Funds Scheme) 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%) long term capital growth investments in stocks of Agri commodity companies, i.e., companies engaged in or focusing on the Agri business, whether issued in India or overseas Capital appreciation in the long term Investment in units of global mutual funds which invest in commodity related securities Capital appreciation in the long term Investment predominantly in units of Global Fund investing in Companies engaged in Real Estate Sector returns that are in line with the performance of gold over long term, subject to tracking errors. investments in physical gold of 99.5% purity (fineness) returns in line with performance of Life Gold ETF (BSL GETF) over long term investments predominantly in units of Life Gold ETF. BSL GETF invests in physical gold of 99.5% purity (fineness) Capital appreciation in the long term Investment in portfolio of equity and debt funds Capital appreciation through strategic asset allocation which is based on satisfying the needs to a specific risk-return profile (Aggressive) of investors in the long term Investment in portfolio of mutual fund schemes (predominantly in equity funds) *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 High risk Investors understand that their principal will be at Moderately High risk XIV

16 INDEX CEO s Perspective Equity Investment Outlook Debt Investment Outlook Decoding the Union Budget 2017 Good to remember Funds at a Glance & Product Labelling Disclosures I II III IV VI VIII Wealth Creation Solutions 33 Life Equity Savings Fund 34 Life Balanced Advantage Fund 35 Life Balanced 95 Fund 36 Life Index Fund 37 Life Frontline Equity Fund 38 Different Solutions To Suit Your Various Needs 1 Savings Solutions 2 Life Cash Plus 3 Life Floating Rate Fund - Short Term Plan 4 Life Cash Manager 5 Life Savings Fund 6 Life Floating Rate Fund - Long Term Plan 7 Life Enhanced Arbitrage Fund 8 Life Short Term Fund 9 Life Short Term Opportunities Fund 10 Life Treasury Optimizer Plan 11 Life Medium Term Plan 12 Life Corporate Bond Fund 13 Life Dynamic Bond Fund 14 Life Income Plus 15 Life Constant Maturity 10 Year Gilt Fund 16 Life Government Securities Fund - Long Term Plan 17 Life Gilt Plus - PF Plan 18 Life Active Debt Multi Manager FoF Scheme 19 Life Financial Planning FOF - Conservative Plan 20 Life Financial Planning FOF - Prudent Plan 21 Regular Income Solutions 22 Life MIP II - Savings 5 Plan 23 Life MIP 24 Life Monthly Income 25 Life MIP II - Wealth 25 Plan 26 Tax Savings Solutions 27 Life Tax Relief Life Tax Plan 29 Life Tax Savings Fund 30 Life Top 100 Fund 39 Life Equity Fund 40 Life Advantage Fund 41 Life MNC Fund 42 Life Midcap Fund 43 Life Small & Midcap Fund 44 Life Pure Value Fund 45 Life Manufacturing Equity Fund 46 Life Banking and Financial Services Fund 47 Life Dividend Yield Plus 48 Life Special Situations Fund 49 Life India Reforms Fund 50 Life Infrastructure Fund 51 Life New Millennium Fund 52 Life India GenNext Fund 53 Life India Opportunities Fund 54 Life International Equity Fund - Plan A 55 Life International Equity Fund - Plan B 56 Life Commodity Equities Fund - Global Agri Plan (GAP) 57 Life Global Commodities Fund 58 Life Global Real Estate Fund 59 Life Gold ETF 60 Life Gold Fund 61 Life Asset Allocator Multi Manager FoF Scheme 62 Life Financial Planning FOF-Aggressive Plan 63 Close Ended Scheme Performance 64 Fund Manager Wise Scheme Details 67 Portfolios 68 Industry Allocation 82 Glossary Page 86 Tax Reckoner 31

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19 Life Cash Plus An Open-Ended Liquid Scheme 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.) 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. Top Ten Portfolio Holdings Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, years & 11 years Date of Allotment: June 16, 1997 An Open-ended Liquid Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options ^ Retail Plan : Dividend: Institutional Plan : Dividend: Weekly Dividend: $ : Daily Dividend: Weekly Dividend: Dividend: : Daily Dividend: Weekly Dividend: Dividend: ^The Face Value per unit of all the plans/ options under Life Cash Plus has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Liquid Fund Index ` Crores ` Crores Load Structure (as % of NAV) Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 0.10 years Average Maturity: 0.10 years Yield to Maturity: 6.69% Regular 0.33 Direct 0.25 Issuer % to net Assets Rating Government of India 10.90% SOV 7.93% CRISIL AAA,ICRA A1+ Vedanta 7.90% CRISIL A1+ IndusInd Bank 4.96% CRISIL A1+ Shriram Transport Finance Company 4.41% CRISIL A1+,IND AA+ Axis Bank 4.07% CRISIL A1+ JSW Steel 3.32% CARE A1+ Talwandi Sabo Power Ltd 2.58% CRISIL A1+(SO) The South Indian Bank 2.53% CARE A1+ Reliance Capital 2.34% CARE AAA,ICRA A % 10.90% 7.04% 3.87% AAA Cash & Current Assets AA Sovereign Unrated 69.08% Investment Performance - Retail Plan - NAV as on December 30, 2016: ` June 16, 1997 Life Cash Plus CRISIL Liquid Fund Index # CRISIL 1 Year T-Bill Index ## CRISIL CRISIL 1 Life Cash Liquid Fund Year T-Bill Plus Index # Index ## N/A N/A December 31, 2014 (Absolute) 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. 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 79. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ These Plan/Options continue for fresh subscriptions under the scheme. Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 3

20 Life Floating Rate Fund - Short Term Plan An Open-ended Income Scheme 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.) 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. Top Ten Portfolio Holdings Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, years & 11 years Date of Allotment: June 05, 2003 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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 Floating Rate Fund Short Term Plan has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Liquid Fund Index ` Crores ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 0.10 years Average Maturity: 0.10 years Yield to Maturity: 7.00% Regular 0.35 Direct 0.27 Issuer % to net Assets Rating 8.41% CRISIL AAA,ICRA A1+ Adani Enterprises 7.10% BWR A1+ Tata Power Company 5.97% ICRA A1+ IndusInd Bank 5.93% CRISIL A1+ Government of India 5.50% SOV Tata Housing Development Co Ltd 4.76% CARE A1+ IL&FS Financial Services Ltd 4.71% CARE A1+,ICRA A1+ Kotak Mahindra Bank 4.63% CRISIL A1+ Power Finance Corporation 4.56% CRISIL AAA Network18 Media & Investments 3.58% ICRA A % 5.50% 4.19% 79.14% AAA Cash & Current Assets Sovereign AA Investment Performance - Retail Plan - NAV as on December 30, 2016: ` June 05, 2003 Life Floating Rate Fund - Short Term Plan CRISIL Liquid Fund Index # CRISIL 1 Year T-Bill Index ## CRISIL CRISIL 1 Life Floating Liquid Fund Year T-Bill Rate Fund - Short Term Plan Index # Index ## December 31, 2014 (Absolute) 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 5. Total Schemes managed by Mr. Kaustubh Gupta is 79. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ These Plan/Options continue for fresh subscriptions under the scheme. Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 4

21 Life Cash Manager An Open-ended Income Scheme 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.) 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. Top Ten Portfolio Holdings Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, years & 11 years Date of Allotment: Retail Plan: May 14, 1998 Institutional Plan: September 27, 2004 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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 ` Crores ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 1.02 years Average Maturity: 1.16 years Yield to Maturity: 7.35% Regular 1.04 Direct 0.14 Issuer % to net Assets Rating Reliance Jio Infocomm 9.62% CRISIL AAA State Government Securities 8.99% SOV Tata Power Company 8.62% ICRA AA Power Finance Corporation 7.93% CRISIL AAA 6.81% CRISIL AAA Tata Capital Financial Services Ltd 5.78% CRISIL AA+,ICRA AA+ Indiabulls Housing Finance 5.28% CARE AAA Cholamandalam Investment and Finance Company 4.95% ICRA AA Shriram Transport Finance Company 4.59% CRISIL AA+ National Bank For Agriculture and Rural Development 4.57% CRISIL AAA AAA 2.33% 1.65% 8.99% -0.02% 33.94% Sovereign Below AA AA 53.10% Cash & Current Assets Unrated Investment Performance - - NAV as on December 30, 2016: ` May 14, 1998 Life Cash Manager CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## Life Cash Manager CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## N/A N/A December 31, 2014 (Absolute) 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. 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 79. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ These Plan/Options continue for fresh subscriptions under the scheme. Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 5

22 Life Savings Fund An Open-ended Short Term Income Scheme 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.) 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. Top Ten Portfolio Holdings Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 & June 20, years & 11 years Date of Allotment: Retail Plan: November 27, 2001 Institutional Plan: April 16, 2003 An Open-ended Short Term Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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 ` Crores ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 1.48 years Average Maturity: 1.74 years Yield to Maturity: 7.37% Regular 0.23 Direct 0.10 Issuer % to net Assets Rating State Government Securities 14.15% SOV Power Finance Corporation 11.81% CARE AAA,CRISIL AAA, ICRA AAA Reliance Jio Infocomm 6.70% CRISIL AAA, CRISIL AAA (SO) 5.22% CRISIL AAA Indiabulls Housing Finance 4.88% CARE AAA Vodafone Mobile Services Ltd 3.76% IND AAA Dewan Housing Finance Corporation 3.48% CARE AAA Shriram Transport Finance Company 3.33% CRISIL AA+,IND AA+ Tata Power Company 2.64% ICRA AA Cholamandalam Investment and Finance Company 2.62% ICRA A1+,ICRA AA 15.99% 17.19% 3.92% 0.14% 5.28% AAA Sovereign Cash & Current Assets AA Below AA Unrated 57.49% Investment Performance - Retail Plan - NAV as on December 30, 2016: ` Nov 27, 2001 Life Savings Fund Declared on date 11-Feb Jan Dec-10 Dividend Yield () 0.34% 0.45% 0.51% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## Birla Sun Life Savings Fund CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## N/A N/A December 31, 2014 (Absolute) 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. 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 79. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ These Plan/Options continue for fresh subscriptions under the scheme. Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 6

23 Life Floating Rate Fund - Long Term Plan An Open-ended Income Scheme A fund that aims to generate income by investing substantially into floating rate debt/ money market instruments. 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. Top Ten Portfolio Holdings Mr. Prasad Dhonde & Mr. Kaustubh Gupta Managing Fund Since: July 15, 2011 & June 20, years & 9 years Date of Allotment: June 05, 2003 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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 ` Crores ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 1.57 years Average Maturity: 1.85 years Yield to Maturity: 7.10% Regular 0.42 Direct 0.18 Issuer % to net Assets Rating Power Finance Corporation 9.50% CRISIL AAA 9.43% CRISIL AAA,ICRA A1+ National Bank For Agriculture and Rural Development 8.06% CRISIL A1+,CRISIL AAA Rural Electrification Corporation 7.98% CRISIL AAA State Government Securities 6.08% SOV Shriram Transport Finance Company 5.24% CRISIL AA+,IND AA+ Government of India 5.02% SOV LIC Housing Finance 4.11% CARE AAA,CRISIL AAA Small Industries Dev Bank of India 3.47% CARE AAA Reliance Jio Infocomm 3.17% CRISIL AAA AAA 11.10% 12.94% Sovereign Unrated 6.16% 2.41% AA 67.40% Cash & Current Assets Investment Performance - Retail Plan - NAV as on December 30, 2016: ` June 05, 2003 Life Floating Rate Fund - Long Term Plan CRISIL Liquid Fund Index # CRISIL 1 Year T-Bill Index ## Birla CRISIL CRISIL 1 Sun Life Liquid Fund Year T-Bill Floating Rate Fund - Long Term Plan Index # Index ## December 31, 2014 (Absolute) 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 5. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Kaustubh Gupta is 79. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers.$ These Plan/Options continue for fresh subscriptions under the scheme. Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 7

24 Life Enhanced Arbitrage Fund An Open-ended Equity Scheme 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. 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). Top Ten Portfolio Holdings Mr. Lovelish Solanki Managing Fund Since: December 15, years Date of Allotment: July 24, 2009 An Open-ended Equity Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: CRISIL Liquid Fund Index ` Crores ` 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 0.91 Direct 0.26 Issuer % to net Assets Rating RBL Bank 7.92% HDFC Bank Ltd 7.70% 6.84% ICRA A1+ Yes Bank 5.11% Reliance Industries Ltd 4.80% IDFC Bank 3.18% ICRA AAA Indiabulls Housing Finance Ltd 2.99% Hero Fincorp 2.18% CRISIL A1+ ITC Ltd 2.08% Maruti Suzuki India Ltd 2.05% Investment Performance - - NAV as on December 30, 2016: ` July 24, 2009 Banks Finance Auto Petroleum Products Consumer Non Durables Pharmaceuticals Software Cement Construction Project Ferrous Metals 15.41% 9.69% 7.70% 5.56% 5.13% 4.61% 3.07% 2.84% 2.80% 2.74% Birla Sun Life Enhanced Arbitrage Fund Declared on date 27-Jan Dec Nov-16 Dividend Yield () 0.42% 0.46% 0.50% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 0.42% 0.45% 0.50% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com CRISIL S&P BSE Liquid Fund SENSEX ## Index # Birla Sun Life Enhanced Arbitrage Fund CRISIL Liquid Fund Index # S&P BSE SENSEX ## December 31, 2014 (Absolute) 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. Lovelish Solanki is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 8

25 Life Short Term Fund (erstwhile Life Income Fund. Name changed w.e.f February 01, 2012) An Open-ended Income Scheme 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. 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. Top Ten Portfolio Holdings Mr. Prasad Dhonde Managing Fund Since: July 01, years Date of Allotment: March 3, 1997 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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) ` Crores ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 2.31 years Average Maturity: 2.82 years Yield to Maturity: 7.15% Regular 0.30 Direct 0.20 Issuer % to net Assets Rating Government of India 14.15% SOV State Government Securities 11.87% SOV Power Finance Corporation 9.32% CRISIL AAA 8.09% CRISIL AAA Reliance Jio Infocomm 4.92% CRISIL AAA Tata Capital Financial Services Ltd 4.14% CRISIL AA+,ICRA AA+ LIC Housing Finance 4.01% CARE AAA,CRISIL AAA Small Industries Dev Bank of India 3.54% CARE AAA Rural Electrification Corporation 3.16% CRISIL AAA Indiabulls Housing Finance 2.94% CARE AAA AAA AA Unrated 10.98% 26.02% 5.35% 0.29% 57.36% Sovereign Cash & Current Assets Investment Performance - - NAV as on December 30, 2016: ` March 3, 1997 CRISIL Life Short Short Term Term Fund Bond Fund Index # Declared on date 16-Jan Dec Nov-16 Dividend Yield () 0.55% 0.53% 0.51% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 0.55% 0.53% 0.51% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com CRISIL 10 Year Gilt Index ## Life Short Term Fund CRISIL Short Term Bond Fund Index # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A December 31, 2014 (Absolute) 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. 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. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 9

26 Life Short Term Opportunities Fund An Open-ended Income Scheme A scheme that focuses on enhancing the portfolio returns by identifying and selectively investing in mispriced credit opportunities in the market. 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. Top Ten Portfolio Holdings Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: September 11, 2014 & July 15, years & 11 years Date of Allotment: May 09, 2003 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options ^ $ : Dividend: Quarterly 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) ` Crores ` Crores Exit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 180 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 180 days from the date of allotment: (w.e.f October 10, 2016) **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 3.97 years Average Maturity: 5.52 years Yield to Maturity: 7.49% Regular 1.36 Direct 0.54 Issuer % to net Assets Rating Government of India 33.29% SOV Cholamandalam Investment and Finance Company 8.57% ICRA AA Reliance Ports and Terminals Ltd 6.66% CRISIL AAA State Government Securities 5.02% SOV Indiabulls Housing Finance 4.12% CARE AAA Tata Motors Finance Ltd 3.47% CRISIL AA Dewan Housing Finance Corporation 3.10% CARE AAA Tata Motors Finance Solutions Ltd 2.72% CRISIL AA Tata Power Company 2.72% CARE AA Tata Capital Financial Services Ltd 2.67% CRISIL AA % 30.16% 3.66% 38.30% Sovereign AA AAA Cash & Current Assets Investment Performance - - NAV as on December 30, 2016: ` May 09, 2003 Life Short Term Opportunities Fund CRISIL AA Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## Life Short Term Opportunities Fund CRISIL AA Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## December 31, 2014 (Absolute) 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. 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 79. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ These Plan/Options continue for fresh subscriptions under the scheme. Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 10

27 Life Treasury Optimizer Plan (erstwhile Life Ultra Short Term Fund) An Open-ended Short Term Income Scheme 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) 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. Top Ten Portfolio Holdings Mr. Kaustubh Gupta & Mr. Prasad Dhonde Managing Fund Since: September 29, years & 16 years Date of Allotment: April 19, 2002 An Open-ended Short Term Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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 Treasury Optimizer Plan has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Short Term Bond Fund Index ` Crores ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 4.21 years Average Maturity: 6.12 years Yield to Maturity: 7.35% Regular 0.65 Direct 0.30 Issuer % to net Assets Rating Government of India 40.95% SOV Reliance Jio Infocomm 5.53% CRISIL AAA, CRISIL AAA (SO) State Government Securities 5.11% SOV Indiabulls Housing Finance 4.46% CARE AAA Dewan Housing Finance Corporation 4.16% CARE AAA Cholamandalam Investment and Finance Company 3.75% ICRA A1+,ICRA AA Tata Capital Financial Services Ltd 3.45% CRISIL AA+ LIC Housing Finance 3.26% CRISIL AAA Shriram Transport Finance Company 2.25% CRISIL AA+ Fullerton India Credit Co Ltd 2.16% CARE AAA,ICRA A % 38.03% 2.63% 46.07% Sovereign AAA AA Cash & Current Assets Investment Performance - Retail Plan - NAV as on December 30, 2016: ` April 19, 2002 Life Treasury Optimizer Plan Declared on date 27-Jan Dec Nov-16 Dividend Yield () 0.44% 0.56% 0.43% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 0.44% 0.56% 0.43% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## Birla Sun Life Treasury Optimizer Plan CRISIL Short Term Bond Fund Index # CRISIL 1 Year T-Bill Index ## December 31, 2014 (Absolute) 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 5. Total Schemes managed by Mr. Kaustubh Gupta is 79. Total Schemes managed by Mr. Prasad Dhonde is 22. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ These Plan/Options continue for fresh subscriptions under the scheme. Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 11

28 Life Medium Term Plan An Open-ended Income Scheme 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. 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. Top Ten Portfolio Holdings Mr. Maneesh Dangi Managing Fund Since: September 01, years Date of Allotment: March 25, 2009 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options $ : Quarterly Dividend: Half Yearly Dividend: Dividend: Institutional Plan : : Quarterly Dividend: Half Yearly Dividend: Dividend: Benchmark: CRISIL AA Short Term Bond Fund Index (w.e.f May 27, 2013) ` Crores ` Crores Exit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 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:. (w.e.f October 10, 2016.) **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 3.96 years Average Maturity: 6.03 years Yield to Maturity: 8.71% Regular 1.73 Direct 0.75 Issuer % to net Assets Rating Government of India 27.23% SOV Piramal Finance Private 5.46% ICRA AA Adani Transmission 5.10% IND AA+ Sansar Trust 5.04% CRISIL AAA (SO),IND AAA(SO) Adani Power 4.27% BWR AA-(SO) Indiabulls Housing Finance 3.70% CARE AAA RHC Holding Pvt Ltd 2.85% CARE A(SO) S.D. Corporation Pvt. Ltd 2.84% ICRA AA(SO) Dewan Housing Finance Corporation 2.56% CARE AAA Relationships Properties Pvt Ltd 2.35% CARE AA-(SO) 9.58% 21.37% Below AA AA IND AAA(SO) Unrated 2.41% 2.54% 1.59% 5.01% 27.49% 30.00% Sovereign AAA Cash & Current Assets IND AA+(SO) Investment Performance - - NAV as on December 30, 2016: ` Mar 25, 2009 Life Medium Term Plan Declared on date 25-Mar-13 Dividend Yield () 7.28% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 7.28% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on CRISIL AA Short Term Bond Fund Index # CRISIL 10 Year Gilt Index ## Birla Sun Life Medium Term Plan CRISIL AA Short Term Bond Fund Index # CRISIL 10 Year Gilt Index ## December 31, 2014 (Absolute) 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 managed by Mr. Maneesh Dangi is 3. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ These Plan/Options continue for fresh subscriptions under the scheme. Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 12

29 Life Corporate Bond Fund An Open ended Income Scheme An income scheme that intends to generate returns by investing in corporate debt securities with short to medium term maturities across the credit curve and would endeavour to take benefit from mispriced credit opportunities. The investment objective of the Scheme is to generate returns by predominantly investing in a portfolio of corporate debt securities with short to medium term maturities across the credit spectrum within the investment grade. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes objectives will be achieved. Top Ten Portfolio Holdings Mr. Maneesh Dangi Managing Fund Since: Since Inception 15 years Date of Allotment: April 17, 2015 An Open ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options $ : Dividend: Bonus: : Dividend: Bonus: Benchmark: CRISIL AA Short Term Bond Fund Index ` Crores ` Crores Exit Load**: 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:. **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 2.77 years Average Maturity: 3.48 years Yield to Maturity: 8.77% Regular 1.99 Direct 0.94 Issuer % to net Assets Rating Adani Transmission 5.50% IND AA+ Power Finance Corporation 5.49% CRISIL AAA Systemtrac Traders Private 4.09% ICRA AA-(SO) Wadhawan Global Capital Pvt Ltd 4.05% CARE AAA(SO) Piramal Finance Private 3.33% ICRA AA Adani Power 3.33% BWR AA-(SO) High Point Properties Private 3.18% ICRA AA(SO) L&T Vadodara Bharuch Tollway 3.15% IND A Writers & Publishers Pvt Ltd 3.15% BWR AA-(SO) Pune Solapur Expressway Pvt Ltd 3.14% ICRA A(SO) AAA AA Unrated 15.69% 19.35% 4.04% 28.56% Below AA 32.35% Cash & Current Assets Investment Performance - - NAV as on December 30, 2016: ` Apr 17, 2015 Birla CRISIL AA Sun Life Short Term Corporate Bond Fund Bond Fund Index # Declared on date 30-Dec Sep-16 Dividend Yield () 1.45% 1.45% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 1.43% 1.43% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on Crisil 10 Year Gilt Index ## Birla Sun Life Corporate Bond Fund CRISIL AA Short Term Bond Fund Index # Crisil 10 Year Gilt 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 managed by Mr. Maneesh Dangi is 3. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ These Plan/Options continue for fresh subscriptions under the scheme. Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 13

30 Life Dynamic Bond Fund An Open-ended Income Scheme An income solution that aims to generate optimal returns through active management by capturing positive price and credit spread movements. 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. Top Ten Portfolio Holdings Mr. Maneesh Dangi Managing Fund Since: September 12, years Date of Allotment: September 27, 2004 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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) ` Crores ` Crores Exit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 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: (w.e.f October 10, 2016) **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 8.19 years Average Maturity: years Yield to Maturity: 7.61% Regular 1.47 Direct 0.87 Issuer % to net Assets Rating Government of India 68.17% SOV Indiabulls Housing Finance 3.87% CARE AAA Shriram Transport Finance Company 3.25% CRISIL AA+ Piramal Finance Private 3.07% ICRA AA Tata Motors Finance Ltd 2.45% CRISIL AA Adani Power 2.12% BWR AA-(SO) Edelweiss Commodities Services Ltd 1.97% ICRA AA Dewan Housing Finance Corporation 1.82% CARE AAA Sansar Trust 1.32% CRISIL AAA (SO),IND AAA(SO) JM Financial Credit Solution 1.20% ICRA AA 16.75% 7.88% 3.98% Sovereign AAA Cash & Current Assets Unrated 2.82% 0.35% % 68.24% AA Below AA IND AAA(SO) Investment Performance - - NAV as on December 30, 2016: ` Sept 27, 2004 CRISIL Life Dynamic Short Term Bond Fund Bond Fund Index # Declared on date 27-Jan Dec Nov-16 Dividend Yield () 0.44% 0.58% 0.42% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 0.44% 0.58% 0.42% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com CRISIL 10 Year Gilt Index ## Birla Sun Life Dynamic Bond Fund CRISIL Short Term Bond Fund Index # CRISIL 10 Year Gilt Index ## December 31, 2014 (Absolute) 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 managed by Mr. Maneesh Dangi is 3. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 14

31 Life Income Plus An Open-ended Income Scheme 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. 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. Top Ten Portfolio Holdings Mr. Prasad Dhonde Managing Fund Since: January 11, years Date of Allotment: October 21, 1995 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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 ` Crores ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 8.04 years Average Maturity: years Yield to Maturity: 7.12% Regular 1.69 Direct 0.88 Issuer % to net Assets Rating 6.79% GOI (MD 26/12/2029) 34.64% SOV 7.73% GOI (MD 19/12/2034) 15.74% SOV 8.13% GOI (MD 22/06/2045) 7.60% SOV 8.17% GOI (MD 01/12/2044) 7.13% SOV Bajaj Finance 5.31% CARE AAA Reliance Ports and Terminals Ltd 5.04% CRISIL AAA NTPC 4.41% CRISIL AAA Life Cash Plus - - Direct Plan 4.40% Essel Lucknow Raebareli Toll Roads 3.82% CARE AAA(SO) 9.23% GOI (MD 23/12/2043) 3.53% SOV 19.24% 4.35% 2.67% 73.74% Sovereign AAA Unrated Cash & Current Assets Investment Performance - - NAV as on December 30, 2016: ` Oct 21, 1995 Life Income Plus CRISIL Composite Bond Fund Index # CRISIL 10 Year Gilt Index ## Birla Sun Life Income Plus CRISIL Composite Bond Fund Index # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A December 31, 2014 (Absolute) 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. 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. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 15

32 Life Constant Maturity 10 Year Gilt Fund (erstwhile Life Gilt Plus. Name changed w.e.f August 06, 2015) An Open-ended Government Securities Scheme A fund that aims to generate income and capital appreciation by investing 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. Top Portfolio Holdings Mr. Prasad Dhonde & Mr. Kaustubh Gupta Managing Fund Since: July 01, 2011 & June 20, years & 9 years Date of Allotment: October 12, 1999 An Open-ended Government Securities Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Quarterly Dividend: : Quarterly Dividend: Benchmark: I-Sec LI-BEX ` Crores ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 6.09 years Average Maturity: 8.59 years Yield to Maturity: 6.48% Regular 0.47 Direct 0.27 Issuer % to net Assets Rating 6.97% GOI (MD 06/09/2026) 88.28% SOV 8.40% GOI (MD 28/07/2024) 1.55% SOV Cash & Current Assets 10.17% Sovereign 10.17% 89.83% Cash & Current Assets Investment Performance - - NAV as on December 30, 2016: ` Oct 12, 1999 Life Constant Maturity 10 Year Gilt Fund I-Sec LI- BEX # CRISIL 10 Year Gilt Index ## 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 December 31, 2014 (Absolute) 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. 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. Prasad Dhonde is 22. Total Schemes managed by Mr. Kaustubh Gupta is 79. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 16

33 Life Government Securities Fund - Long Term Plan An Open-ended Gilt Scheme A fund that aims to generate current income consistent with the portfolio invested exclusively in Government Securities. 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. Top Ten Portfolio Holdings Mr. Prasad Dhonde & Mr. Kaustubh Gupta Managing Fund Since: October 03, 2012 & June 20, years & 9 years Date of Allotment: October 28, 1999 An Open-ended Gilt Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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 ` Crores ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 6.94 years Average Maturity: years Yield to Maturity: 6.80% Regular 1.38 Direct 0.78 Issuer % to net Assets Rating 6.79% GOI (MD 26/12/2029) 46.67% SOV 8.17% GOI (MD 01/12/2044) 11.24% SOV 7.73% GOI (MD 19/12/2034) 11.00% SOV 8.60% GOI (MD 02/06/2028) 10.81% SOV 8.30% GOI (MD 02/07/2040) 4.62% SOV 6.84% GOI (MD 19/12/2022) 1.40% SOV 6.28% Pay Fix & Rec Mibor (30/12/21) ICICIBK 0.01% % Pay Fix & Rec Mibor (01/08/19) HDFCBK -0.02% 6.38% Pay Fix & Rec Mibor (01/08/19) HSBCBK -0.05% 6.58% Pay Fix & Rec Mibor (06/04/21) ICICISEC -0.09% 14.41% -0.15% 85.73% Sovereign Cash & Current Assets Unrated Investment Performance - - NAV as on December 30, 2016: ` Oct 28, 1999 Birla Sun Life Government Securities Fund - Long Term Plan I-Sec LI- BEX # CRISIL 10 Year Gilt Index ## 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 December 31, 2014 (Absolute) 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. 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. Prasad Dhonde is 22. Total Schemes managed by Mr. Kaustubh Gupta is 79. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 17

34 Life Gilt Plus - PF Plan An Open-ended Government Securities Scheme A fund that aims to generate income and capital appreciation by investing exclusively in Government Securities. An Open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. Top Portfolio Holdings Mr. Prasad Dhonde & Mr. Kaustubh Gupta Managing Fund Since: July 01, 2011 & June 20, years & 9 years Date of Allotment: October 12, 1999 An Open-ended Government Securities Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Quarterly Dividend: : Quarterly Dividend: Benchmark: I-Sec LI-BEX ` Crores ` Crores Exit Load**: For redemption / switchout 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: 8.08 years Average Maturity: years Yield to Maturity: 6.85% Regular 1.39 Direct 0.89 Issuer % to net Assets Rating 6.79% GOI (MD 26/12/2029) 54.39% SOV 8.30% GOI (MD 02/07/2040) 13.94% SOV 7.73% GOI (MD 19/12/2034) 13.30% SOV 8.24% GOI (MD 10/11/2033) 6.91% SOV Cash & Current Assets 11.45% Sovereign 11.45% 88.55% Cash & Current Assets Investment Performance - - NAV as on December 30, 2016: ` Oct 12, 1999 Life Gilt Plus- PF Plan I-Sec LI- BEX # CRISIL 10 Year Gilt Index ## Life Gilt Plus- PF Plan I-Sec LI- BEX # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A December 31, 2014 (Absolute) 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. 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. Prasad Dhonde is 22. Total Schemes managed by Mr. Kaustubh Gupta is 79. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 18

35 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 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. 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. Top Portfolio Holdings Mr. Shravan Sreenivasula Managing Fund Since: December 15, years Date of Allotment: December 29, 2006 An Open ended Fund of Funds Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: CRISIL Composite Bond Fund Index ` Crores ` 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 1.11 Direct 0.61 Declared on date 25-Sep Jun Mar-14 Dividend Yield () 1.40% 0.28% 0.58% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Issuer % to net Assets SBI Magnum Gilt Fund - Long Term-Dir Pl % Life MediumTerm Plan -Gr - Direct Plan 21.06% IDFC Dynamic Bond Fund-Direct Plan % Life Govt Sec. Long Term Grwth Direct 19.29% ICICI Prude Gilt Fund Inv Plan PF Opt-Dir Plan-Grw 17.50% Cash & Current Assets 0.94% Net receivables / payables -0.36% Mutual Fund Units 99.42% Cash & Current Assets Net receivables / payables Investment Performance - - NAV as on December 30, 2016: ` Dec 29, % -0.36% Life Active Debt Multi Manager FoF Scheme CRISIL Composite Bond Fund Index # CRISIL 10 Year Gilt Index ## Life Active Debt Multi Manager FoF Scheme CRISIL Composite Bond Fund Index # CRISIL 10 Year Gilt Index ## December 31, 2014 (Absolute) 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 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 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. 19

36 Life Financial Planning FOF - Conservative Plan (erstwhile ING Financial Planning Fund - Conservative Plan. Name changed w.e.f October 11, 2014) An Open ended Fund of Funds Scheme 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) 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. Top Ten Portfolio Holdings Mr. Shravan Sreenivasula Managing Fund Since: December 15, years Date of Allotment: May 09, 2011 An Open ended Fund of Funds Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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 ` 5.42 Crores ` 5.34 Crores Exit Load**: For redemption/ switchout of units within and including 1 year from the date of allotment: 1% of 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. Regular 1.25 Direct 0.72 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 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. 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. Past performance may or may not be sustained in future. 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. Issuer % to net Assets Life Cash Plus - - Direct Plan 37.38% Life MediumTerm Plan -Gr - Direct Plan 14.77% IDFC Dynamic Bond Fund-Direct Plan- 6.97% SBI Magnum Gilt Fund - Long Term-Dir Pl % Kotak MF Gold ETF 5.95% Life Advantage Fund - Gr - Dir Pl 5.55% MOSt Focused Multicap 35-Direct Plan- Option 5.53% R*Shares Gold BeES 5.48% Life Frontline Eq Fd - Gr - Direct Plan 4.38% SBI Blue Chip Fund-Direct Plan % Mutual Fund Units Exchange Traded Fund Cash & Current Assets Net receivables / payables 11.42% 3.56% -0.25% 85.27% Investment Performance - - NAV as on December 30, 2016: ` May 09, 2011 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 ## 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 ## December 31, 2014 (Absolute) 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 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 % CRISIL Liquid Fund index + 24% CRISIL Composite Bond Fund index + 12% INR price of Gold returns# (CAGR) CRISIL 10 Year Gilt Index returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: June 01, 2011 & Scheme Inception Date: May 09, Past Performance may or may not be sustained in future. 20

37 Life Financial Planning FOF - Prudent Plan (erstwhile ING Financial Planning Fund - Prudent Plan. Name changed w.e.f October 11, 2014) An Open ended Fund of Funds Scheme 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) 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. Top Ten Portfolio Holdings Mr. Shravan Sreenivasula Managing Fund Since: December 15, years Date of Allotment: May 09, 2011 An Open ended Fund of Funds Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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 ` Crores ` 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 1.34 Direct 0.81 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 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. 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. Past performance may or may not be sustained in future. 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. Issuer % to net Assets Life Cash Plus - - Direct Plan 25.35% Life MediumTerm Plan -Gr - Direct Plan 12.39% MOSt Focused Multicap 35-Direct Plan- Option 9.64% Life Advantage Fund - Gr - Dir Pl 9.55% Life Frontline Eq Fd - Gr - Direct Plan 8.47% SBI Blue Chip Fund-Direct Plan % Mirae Asset India Opp'ties Fund-Direct Plan- 6.43% SBI Magnum Gilt Fund - Long Term-Dir Pl % IDFC Dynamic Bond Fund-Direct Plan- 5.52% R*Shares Gold BeES 4.60% Mutual Fund Units Exchange Traded Fund Cash & Current Assets Net receivables / payables 8.75% 1.17% -0.42% 90.51% Investment Performance - - NAV as on December 30, 2016: ` May 09, 2011 Birla Sun Life Financial Planning FOF Prudent 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 ## 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 ## December 31, 2014 (Absolute) 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 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 Index + 30% CRISIL Liquid Fund Index +20% CRISIL Composite Bond Fund Index + 10% INR price of Gold returns# (CAGR) CRISIL 10 Year Gilt Index returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: June 01, 2011 & Scheme Inception Date: May 09, Past Performance may or may not be sustained in future. 21

38 22

39 Life MIP II - Savings 5 Plan (Monthly income is not assured and is subject to availability of distributable surplus.) An Open-ended Income Scheme 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. 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. Top Ten Portfolio Holdings Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Vineet Maloo Managing Fund Since: June 18, 2009, August 26, 2015 & August 26, 2015 respectively 16 years, 10 years & 11 years respectively Date of Allotment: May 22, 2004 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Monthly Dividend: : Monthly Dividend: Benchmark: CRISIL MIP Blended Index ` Crores ` 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: 6.34 years Average Maturity: years Yield to Maturity: 7.42% (for Debt Component) Portfolio Turnover: 1.36 (for Equity Component) Regular 1.30 Direct 0.90 Issuer % to net Assets Rating Government of India 59.94% SOV IDBI Bank 8.74% CRISIL A,ICRA A+ Power Finance Corporation 7.01% CRISIL AAA State Government Securities 1.38% SOV Yes Bank 1.12% ICRA AA+ Repco Home Finance 0.71% Eicher Motors 0.71% HDFC Bank 0.57% Hindustan Zinc 0.53% Bajaj Finance 0.50% 9.94% 8.74% 11.87% Sovereign Equity AAA 7.01% 1.12% 61.32% Cash & Current Assets Below AA AA Investment Performance - - NAV as on December 30, 2016: ` May 22, 2004 Life MIP II - Savings 5 Plan Declared on date 27-Jan Dec Nov-16 Dividend Yield () 0.38% 0.50% 0.38% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 0.38% 0.50% 0.38% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## Life MIP II - Savings 5 Plan CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## December 31, 2014 (Absolute) 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.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 12. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 23

40 Life MIP (Monthly income is not assured and is subject to availability of distributable surplus.) An Open-ended Income Scheme 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. 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.) Top Ten Portfolio Holdings Mr. Vineet Maloo & Mr. Pranay Sinha Managing Fund Since: August 26, years & 10 years Date of Allotment: November 20, 2000 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Monthly Dividend: : Monthly Dividend: Benchmark: CRISIL MIP Blended Index ` Crores ` 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: 5.46 years Average Maturity: years Yield to Maturity: 7.48% (for Debt Component) Portfolio Turnover: 1.01 (for Equity Component) Regular 2.43 Direct 1.88 Issuer % to net Assets Rating Government of India 43.94% SOV IDBI Bank 12.93% CRISIL A,ICRA AA State Government Securities 5.30% SOV Power Finance Corporation 2.45% CRISIL AAA Repco Home Finance 1.13% HDFC Bank 1.10% Eicher Motors 1.09% Bajaj Finance 0.79% Equitas Holdings 0.76% V-Mart Retail 0.74% 15.46% 7.44% 19.90% Sovereign Equity AA 5.49% 2.46% 49.25% Cash & Current Assets Below AA AAA Investment Performance - - NAV as on December 30, 2016: ` Nov 20, 2000 Life MIP Declared on date 27-Jan Dec Nov-16 Dividend Yield () 0.38% 0.50% 0.38% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 0.38% 0.50% 0.38% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## Life MIP CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A December 31, 2014 (Absolute) 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. 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. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 24

41 Life Monthly Income (Monthly income is not assured and is subject to availability of distributable surplus.) An Open-ended Income Scheme 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. 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. Top Ten Portfolio Holdings Mr. Vineet Maloo & Mr. Pranay Sinha Managing Fund Since: August 26, years & 10 years Date of Allotment: July 14, 1999 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: Quarterly Dividend: : Dividend: Quarterly Dividend: Benchmark: CRISIL MIP Blended Index ` Crores ` 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: 5.93 years Average Maturity: years Yield to Maturity: 7.12% (for Debt Component) Portfolio Turnover: 1.22 (for Equity Component) Regular 2.37 Direct 1.64 Issuer % to net Assets Rating Government of India 59.78% SOV Power Finance Corporation 7.28% CRISIL AAA IDBI Bank 2.97% CRISIL A Repco Home Finance 1.22% Eicher Motors 1.13% HDFC Bank 0.97% Power Grid Corporation of India 0.97% CRISIL AAA State Government Securities 0.85% SOV V-Mart Retail 0.79% Bajaj Finance 0.79% 13.21% 14.94% 8.25% 2.97% Sovereign Cash & Current Assets Below AA Equity AAA 60.63% Investment Performance - - NAV as on December 30, 2016: ` July 14, 1999 Life Monthly Income Declared on date 31-Jan Dec Nov-16 Dividend Yield () 0.43% 0.43% 0.45% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 0.43% 0.43% 0.45% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## Birla Sun Life Monthly Income CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## N/A N/A N/A N/A December 31, 2014 (Absolute) 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. 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. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 25

42 Life MIP II - Wealth 25 Plan (Monthly income is not assured and is subject to availability of distributable surplus.) An Open-ended Income Scheme 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. 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. Top Ten Portfolio Holdings Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Vineet Maloo Managing Fund Since: June 18, 2009, August 26, 2015 & August 26, 2015 respectively 16 years, 10 years & 11 years respectively Date of Allotment: May 22, 2004 An Open-ended Income Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Monthly Dividend: : Monthly Dividend: Benchmark: CRISIL MIP Blended Index ` Crores ` Crores Exit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 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:. (w.e.f October 10, 2016) **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 5.65 years Average Maturity: years Yield to Maturity: 7.19% (for Debt Component) Portfolio Turnover: 2.97 (for Equity Component) Regular 2.20 Direct 0.90 Issuer % to net Assets Rating Government of India 41.77% SOV State Government Securities 7.97% SOV Yes Bank 2.92% ICRA AA+ Eicher Motors 2.11% Hindustan Petroleum Corporation 2.03% Natco Pharma 1.64% Bharat Aluminium Co Ltd. 1.62% CRISIL A 1.54% ICRA A1+ IDBI Bank 1.22% CRISIL A,ICRA A+,ICRA AA Maruti Suzuki India 1.15% 12.04% 30.29% Sovereign 4.12% 3.20% 0.61% Cash & Current Assets AAA Equity Below AA AA 49.74% Investment Performance - - NAV as on December 30, 2016: ` May 22, 2004 Life MIP II - Wealth 25 Plan Declared on date 30-Sep Jan Aug Dec Nov Jul-16 Dividend Yield () 0.47% 0.37% 0.38% 0.50% 0.45% 0.39% Dividend Per Unit Cum Dividend NAV Declared on date 29-Jul Jun May-16 Dividend Yield (Direct Plan) 0.26% 0.16% 0.38% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## Life MIP II - Wealth 25 Plan CRISIL MIP Blended Index # CRISIL 10 Year Gilt Index ## December 31, 2014 (Absolute) 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. 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 12. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 26

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44 Life Tax Relief 96 (U/S 80C) An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment. A fund that provides an opportunity to save tax while growing your money through Equity investments. 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 Mr. Ajay Garg Managing Fund Since: October 01, years Date of Allotment: March 29, 1996 An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment. for fresh subscription*: ` 500 Min. Addl. Investment: ` 500 NAV of Plans / Options (w.e.f. 06/03/08): Dividend: : Dividend: Benchmark: S&P BSE 200 ` Crores ` Crores Exit Load: Standard Deviation: 15.77% Sharpe Ratio ## : 0.71 Beta: 0.95 Portfolio Turnover: 0.01 Regular 2.37 Direct 1.37 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 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. Issuer Top Ten Portfolio Holdings % to net Assets Sundaram Clayton 7.99% Bayer Cropscience 4.92% Honeywell Automation India 4.92% ICRA 3.81% Gillette India 3.73% Kotak Mahindra Bank 3.63% Biocon 3.33% Zee Entertainment Enterprises 3.25% MRF 3.22% GlaxoSmithKline Pharmaceuticals 3.09% Investment Performance - - NAV as on December 30, 2016: ` Mar 06, 2008 Banks Auto Ancillaries Pharmaceuticals Finance Consumer Non Durables Cement Industrial Capital Goods Pesticides Software Auto December 31, 2014 (Absolute) 14.35% 13.74% 10.37% 8.14% 7.40% 5.57% 5.05% 4.92% 4.29% 4.15% Life Tax Relief 96 Declared on date 25-Nov Mar Mar-15 Dividend Yield () 5.02% 5.16% 1.97% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com S&P BSE 200 # Nifty 50 ## Life Tax Relief 96 S&P BSE 200 # Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 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. $ Direct Plan 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 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 06, Past Performance may or may not be sustained in future. 28

45 Life Tax Plan (U/S 80C) An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment. A fund that provides an opportunity to save tax while growing your money through Equity investments. 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. Mr. Ajay Garg Managing Fund Since: October 17, years Date of Allotment: February 16, 1999 An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment. for fresh subscription*: ` 500 Min. Addl. Investment: ` 500 NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE SENSEX ` Crores ` Crores Exit Load: Standard Deviation: 14.93% Sharpe Ratio ## : 1.12 Beta: 0.97 Portfolio Turnover: Regular 2.69 Direct 1.59 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 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. Issuer Top Ten Portfolio Holdings % to net Assets Sundaram Clayton 8.03% Bayer Cropscience 4.93% Honeywell Automation India 4.93% ICRA 3.83% Gillette India 3.73% Kotak Mahindra Bank 3.47% MRF 3.46% Biocon 3.20% Zee Entertainment Enterprises 3.12% GlaxoSmithKline Pharmaceuticals 3.09% Investment Performance - - NAV as on December 30, 2016: ` Oct 03, 2006 Auto Ancillaries Banks Pharmaceuticals Finance Consumer Non Durables Cement Industrial Capital Goods Pesticides Software Auto 14.03% 13.73% 10.21% 7.97% 7.30% 5.42% 5.04% 4.93% 4.14% 4.05% Life Tax Plan Declared on date 23-Mar Mar Mar-14 Dividend Yield () 7.92% 5.52% 0.00% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com S&P BSE SENSEX # Nifty 50 ## Life Tax Relief 96 S&P BSE SENSEX # Nifty 50 ## December 31, 2014 (Absolute) Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 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. $ Direct Plan 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 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) Date of First Installment: March 01, 1999 & Scheme Inception Date: February 16, Past Performance may or may not be sustained in future. 29

46 Life Tax Savings Fund (U/S 80C) An Open-ended Equity Linked Savings Scheme A fund that provides an opportunity to save tax and aims to create wealth through Equity investments. 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. Mr. Ajay Garg Managing Fund Since: October 11, years Date of Allotment: March 28, 2004 An Open-ended Equity Linked Savings Scheme NAV of Plans / Options : Dividend: Bonus: : Dividend: Bonus: for fresh subscription*: NA as the scheme does not accept fresh subscriptions /Switch-in Min. Addl. Investment: NA as the scheme does not accept fresh subscriptions /Switch-in Benchmark: S&P BSE 100 ` Crores ` Crores Exit Load: Standard Deviation: 14.68% Sharpe Ratio ## : 1.04 Beta: 0.95 Portfolio Turnover: 0.07 Regular 2.70 Direct 2.40 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer Top Ten Portfolio Holdings % to net Assets Sundaram Clayton 8.62% Honeywell Automation India 5.04% Bayer Cropscience 4.93% Kotak Mahindra Bank 3.82% ICRA 3.81% MRF 3.80% Biocon 3.51% Zee Entertainment Enterprises 3.42% Gillette India 2.99% Thomas Cook (India) 2.60% Investment Performance - - NAV as on December 30, 2016: ` Mar 28, 2004 Banks Auto Ancillaries Pharmaceuticals Finance Consumer Non Durables Cement Industrial Capital Goods Pesticides Software Auto 15.09% 14.57% 9.30% 8.37% 6.65% 5.88% 5.15% 4.93% 4.55% 4.02% Life Tax Savings Fund S&P BSE 100 # S&P BSE SENSEX ## Life Tax Savings Fund S&P BSE 100 # S&P BSE SENSEX ## December 31, 2014 (Absolute) 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. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 100 returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: April 01, 2004 & Scheme Inception Date: March 28, Past Performance may or may not be sustained in future. 30

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49 What are Wealth Solutions? Our Wealth Creation Solutions seek to provide superior tax efficient growth of your capital through equity investments over a longer term. 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. Benefits of Wealth Creation Solutions: 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. 33

50 Life Equity Savings Fund An Open ended Equity Scheme 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. 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. Top Ten Portfolio Holdings Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Lovelish Solanki Managing Fund Since: Since Inception, August 26, 2015 & August 26, 2015 respectively 16 years, 10 Years & 7 years Date of Allotment: November 28, 2014 An Open ended Equity Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 Issuer % to net Assets Rating Government of India SOV 10.98% Tata Capital Housing Finance Ltd CRISIL A % LIC Housing Finance Ltd 5.96% ICRA A % Axis Bank Ltd 3.91% Yes Bank Ltd 3.90% Ltd 2.99% Hindustan Petroleum Corporation Ltd 2.62% Larsen & Toubro Ltd 2.37% Oil & Natural Gas Corporation Ltd 2.22% NAV of Plans / Options : Dividend: : Dividend: Benchmark: 30% S&P BSE % Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund Index ` Crores ` 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. Modified Duration: 0.92 years Average Maturity: 1.55 years Yield to Maturity: 6.40% Portfolio Turnover: 4.39 Regular 2.26 Direct 1.16 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Finance 16.70% Declared on date 30-Dec Sep-16 Banks 12.38% Dividend Yield () 1.75% 1.98% Dividend Per Unit Consumer Non Durables 6.96% Cum Dividend NAV Pharmaceuticals 5.31% Dividend Yield (Direct Plan) 1.80% 1.94% Dividend Per Unit Auto 4.64% Cum Dividend NAV Petroleum Products Construction Project 3.82% 3.49% 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). Past performance may or may not be sustained in future. Cement The Face Value Per Unit 2.26% The Financial Solution(s) stated above is ONLY for highlighting the many advantages Oil Non - Ferrous Metals 2.22% 1.62% 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Investment Performance - - NAV as on December 30, 2016: ` 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 Nifty ## Year Gilt Index # Birla Sun Life Equity Savings Fund CRISIL 10 Year Gilt Index # Nifty 50 ## 30% S&P BSE % Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund Index # 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 12. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Lovelish Solanki is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers $ Direct Plan 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 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. 34

51 Life Balanced Advantage Fund (erstwhile Life Dynamic Asset Allocation Fund. Name changed w.e.f September 30, 2016) An Open ended Asset Allocation Scheme 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. 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. Mr. Prasad Dhonde & Mr. Vineet Maloo Managing Fund Since: October 11, 2014 & August 26, years & 11 years Date of Allotment: April 25, 2000 An Open ended Asset Allocation Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: CRISIL Balanced Fund - Aggressive Index ` Crores ` Crores Exit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 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:. (w.e.f October 10, 2016) **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 11.31% Sharpe Ratio ## : 1.00 Beta: 1.10 Portfolio Turnover: 6.21 Regular 2.89 Direct 1.59 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer Top Ten Portfolio Holdings % to net Assets HDFC Bank 8.91% Tata Chemicals 4.87% Indian Oil Corporation 4.45% Mahanagar Gas 4.20% Power Grid Corporation of India 4.07% HCL Technologies 3.62% Indraprastha Gas 2.52% Mahindra & Mahindra 2.24% Bharti Infratel 2.10% Infosys 2.07% Investment Performance - - NAV as on December 30, 2016: ` Apr 25, 2000 Banks Petroleum Products Gas Software Power Industrial Products Chemicals Auto Non - Ferrous Metals Consumer Non Durables 13.74% 7.98% 7.89% 7.59% 5.46% 4.97% 4.87% 3.83% 2.45% 2.43% Birla Sun Life Balanced Advantage Fund Declared on date 25-Jan Mar Dec-05 Dividend Yield () 0.74% 32.50% 30.00% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 0.76% 32.41% - Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com CRISIL Balanced Fund - Aggressive Index # S&P BSE SENSEX ## Birla Sun Life Balanced Advantage Fund CRISIL Balanced Fund - Aggressive Index # S&P BSE SENSEX ## N/A N/A December 31, 2014 (Absolute) 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 11. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers $ Direct Plan 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 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 - Aggressive 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. 35

52 Life Balanced 95 Fund (erstwhile Life 95 Fund. Name changed w.e.f January 01, 2016) An Open-ended Balanced Scheme 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. 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. Mr. Mahesh Patil, Mr. Pranay Sinha & Mr. Dhaval Shah Managing Fund Since: January 16, 2014, August 26, 2015 & November 23, years, 10 years & 12 years Date of Allotment: February 10, 1995 An Open-ended Balanced Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: CRISIL Balanced Fund - Aggressive Index ` Crores ` Crores Exit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 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:. (w.e.f October 10, 2016) **Exit Load is NIL for units issued in Dividend Reinvestment. Modified Duration: 5.89 years Average Maturity: 9.83 years Yield to Maturity: 7.32% Standard Deviation: 12.20% Sharpe Ratio ## : 1.25 Beta: 1.22 Portfolio Turnover: 1.61 Regular 2.30 Direct 1.00 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio Declared on date 26-Dec Sep Jun-16 Dividend Yield () 2.58% 2.56% 1.74% Dividend Per Unit Cum Dividend NAV Declared on date 30-Sep Dec Oct-14 Dividend Yield (Direct Plan) 2.03% 2.07% 4.40% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on birlasunlife.com 36 Top Ten Portfolio Holdings Issuer % to net Assets Rating Government of India 12.81% SOV HDFC Bank 5.27% Power Finance Corporation 4.45% ICRA AAA/CRISIL AAA Life Mutual Fund 3.35% Infosys 3.05% IndusInd Bank 2.36% Tata Motors 2.29% ICICI Bank 2.05% Indian Oil Corporation 1.83% State Government Securities 1.78% SOV 14.59% Equity AAA Below AA 2.01% 5.06% 0.02% 8.91% 69.40% Sovereign Cash & Current Assets AA Banks Finance Pharmaceuticals Auto Software Consumer Non Durables Petroleum Products Media & Entertainment Consumer Durables Power 14.29% 7.03% 6.52% 6.27% 4.68% 4.13% 3.96% 2.49% 2.33% 2.13% Investment Performance - - NAV as on December 30, 2016: ` Feb 10, 1995 Birla Sun Life Balanced 95 Fund CRISIL Balanced Fund - Aggressive Index # Nifty 50 ## Birla Sun Life Balanced 95 Fund CRISIL Balanced Fund - Aggressive Index # Nifty 50 ## N/A N/A December 31, 2014 (Absolute) 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 1. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemes managed by Mr. Pranay Sinha is 6. Total Schemes managed by Mr. Dhaval Shah is 1. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 - Aggressive 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. 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. Past performance may or may not be sustained in future. 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.

53 Life Index Fund An Open-ended Index Linked Scheme A fund that is designed to mirror the market performance of the 50 companies in the Nifty Index. An Open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors. Top Ten Portfolio Holdings Mr. Ajay Garg Managing Fund Since: October 01, years Date of Allotment: September 18, 2002 An Open-ended Index Linked Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 50 ` Crores ` Crores Exit Load**: **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 14.06% Sharpe Ratio ## : 0.41 Beta: 0.99 Portfolio Turnover: 3.62 Regular 0.75 Direct 0.45 Tracking Error: 0.52% Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio Tracking Ratio for BSL Index Fund is computed based on Nifty TR Index 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets Nifty Index 23.92% HDFC Bank 6.15% ITC 5.29% 5.23% Infosys 4.50% Reliance Industries 4.18% ICICI Bank 3.79% Tata Consultancy Services 2.88% Larsen & Toubro 2.88% Tata Motors 2.86% Investment Performance - - NAV as on December 30, 2016: ` Sept 18, 2002 Banks Software Auto Consumer Non Durables Finance Petroleum Products Pharmaceuticals Construction Project Power Cement 9.88% 8.76% 7.82% 5.23% 5.04% 4.59% 2.88% 2.50% 2.37% 18.69% Life Index Fund Declared on date 28-Mar Nov Feb-15 Dividend Yield () 9.84% 20.62% 23.57% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 10.52% 20.37% 23.39% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Nifty 50 # S&P BSE SENSEX ## Life Index Fund Nifty 50 # S&P BSE SENSEX ## December 31, 2014 (Absolute) 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. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 37

54 Life Frontline Equity Fund An Open-ended Scheme 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. 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. Top Ten Portfolio Holdings Mr. Mahesh Patil Managing Fund Since: November 17, years Date of Allotment: August 30, 2002 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 ` Crores ` 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: 14.76% Sharpe Ratio ## : 0.92 Beta: 1.01 Portfolio Turnover: 0.70 Regular 2.25 Direct 1.20 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer Banks Auto Finance Software Consumer Non Durables Pharmaceuticals Petroleum Products Power Consumer Durables Cement 8.80% 8.59% 8.59% 8.15% 7.99% 7.14% 3.30% 2.39% 2.38% 21.92% % to net Assets HDFC Bank 6.64% Infosys 4.26% ITC 3.67% ICICI Bank 3.59% Tata Motors 3.41% Reliance Industries 3.01% Life Mutual Fund 3.00% Maruti Suzuki India 2.86% Kotak Mahindra Bank 2.58% Indian Oil Corporation 2.43% Investment Performance - - NAV as on December 30, 2016: ` Aug 30, 2002 Life Frontline Equity Fund Declared on date 25-Oct Oct Apr-15 Dividend Yield () 9.89% 12.57% 5.94% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com S&P BSE 200 # Nifty 50 ## Birla Sun Life Frontline Equity Fund S&P BSE 200 # Nifty 50 ## December 31, 2014 (Absolute) 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 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 38

55 Life Top 100 Fund An Open-ended Scheme A large cap focused fund that invests in equity and equity related securities of top 100 companies in India as measured by market capitalization. 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. Top Ten Portfolio Holdings Mr. Mahesh Patil Managing Fund Since: July 29, years Date of Allotment: October 24, 2005 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 50 ` Crores ` 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. Standard Deviation: 15.16% Sharpe Ratio ## : 0.93 Beta: 1.04 Portfolio Turnover: 0.89 Regular 2.37 Direct 1.07 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets HDFC Bank 7.31% Tata Motors 4.19% Infosys 4.03% ICICI Bank 3.93% ITC 3.61% Indian Oil Corporation 3.19% Maruti Suzuki India 2.88% Kotak Mahindra Bank 2.87% Grasim Industries 2.83% Sun Pharmaceuticals Industries 2.67% Investment Performance - - NAV as on December 30, 2016: ` Oct 24, 2005 Banks Pharmaceuticals Software Auto Consumer Non Durables Petroleum Products Finance Power Cement Non - Ferrous Metals 8.96% 8.44% 8.41% 6.68% 6.66% 5.78% 3.96% 3.91% 2.82% 23.26% Life Top 100 Fund Declared on date 22-Jul Jul Jan-15 Dividend Yield () 8.13% 12.10% 4.31% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Nifty 50 # S&P BSE SENSEX ## Life Top 100 Fund Nifty 50 # S&P BSE SENSEX ## December 31, 2014 (Absolute) 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 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 39

56 Life Equity Fund An Open-ended Scheme 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. 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. Top Ten Portfolio Holdings Mr. Anil Shah Managing Fund Since: October 03, years Date of Allotment: August 27, 1998 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 ` Crores ` 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. Standard Deviation: 17.37% Sharpe Ratio ## : 1.20 Beta: 1.14 Portfolio Turnover: 0.99 Regular 2.28 Direct 1.23 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets Life Mutual Fund 6.63% HDFC Bank 5.12% Cairn India 4.21% Tata Chemicals 3.83% Maruti Suzuki India 3.26% Dr. Reddy's Laboratories 2.91% IndusInd Bank 2.88% ITC 2.81% Yes Bank 2.78% Kotak Mahindra Bank 2.74% Investment Performance - - NAV as on December 30, 2016: ` Aug 27,1998 Banks Pharmaceuticals Finance Consumer Non Durables Software Auto Cement Chemicals Petroleum Products Oil 9.86% 7.86% 6.71% 6.24% 5.86% 5.59% 4.40% 3.92% 3.84% 17.84% Life Equity Fund Declared on date 30-Nov Nov Mar-15 Dividend Yield () 7.81% 10.74% 3.76% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) % 1.84% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com S&P BSE 200 # Nifty 50 ## Life Equity Fund S&P BSE 200 # Nifty 50 ## December 31, 2014 (Absolute) 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 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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, 1998 & Scheme Inception Date: August 27, Past Performance may or may not be sustained in future. 40

57 Life Advantage Fund An Open-ended Scheme 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. 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. Mr. Satyabrata Mohanty Managing Fund Since: October 17, years Date of Allotment: February 24, 1995 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 ` Crores ` Crores Exit Load**: For redemption / switchout 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. Standard Deviation: 18.17% Sharpe Ratio ## : 1.16 Beta: 1.16 Portfolio Turnover: 0.94 Regular 2.38 Direct 1.08 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer Top Ten Portfolio Holdings % to net Assets Yes Bank 5.40% Maruti Suzuki India 4.25% Eicher Motors 4.12% Hindustan Petroleum Corporation 3.98% Vedanta 3.96% HDFC Bank 3.61% IndusInd Bank 2.96% Natco Pharma 2.66% State Bank of India 2.13% The Ramco Cements 2.13% Investment Performance - - NAV as on December 30, 2016: ` Feb 24, 1995 Banks Auto Finance Pharmaceuticals Consumer Non Durables Petroleum Products Non - Ferrous Metals Cement Software Pesticides 11.26% 11.21% 7.34% 7.24% 7.12% 6.15% 6.04% 4.97% 3.13% 18.60% Birla Sun Life Advantage Fund Declared on date 26-Aug Aug Sep-14 Dividend Yield () 7.44% 18.75% 14.34% Dividend Per Unit Cum Dividend NAV Declared on date 31-Aug Sep May-14 Dividend Yield (Direct Plan) 9.25% 14.25% 0.00% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com S&P BSE 200 # Nifty 50 ## Birla Sun Life Advantage Fund S&P BSE 200 # Nifty 50 ## December 31, 2014 (Absolute) 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 12. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 41

58 Life MNC Fund An Open-ended Scheme The fund that invests in securities of multinational companies in order to achieve long-term growth of capital with relatively moderate levels of risk. 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. Mr. Ajay Garg Managing Fund Since: June 18, years Date of Allotment: December 27, 1999 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty MNC ` Crores ` 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: 16.87% Sharpe Ratio ## : 1.35 Beta: 0.86 Portfolio Turnover: 0.10 Regular 2.09 Direct 1.04 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer Top Ten Portfolio Holdings % to net Assets Bayer Cropscience 7.81% Bosch 7.67% Gillette India 7.33% ICRA 7.21% Maruti Suzuki India 6.82% Honeywell Automation India 6.74% Pfizer 6.07% GlaxoSmithKline Pharmaceuticals 5.83% Kotak Mahindra Bank 5.11% Johnson Controls Hitachi Air Conditioning India 4.61% Consumer Non Durables Investment Performance - - NAV as on December 30, 2016: ` Dec 27, 1999 Finance Pharmaceuticals Auto Ancillaries Pesticides Industrial Capital Goods Auto Consumer Durables Banks Services December 31, 2014 (Absolute) 12.66% 12.13% 9.07% 7.81% 7.69% 7.36% 6.30% 5.11% 3.93% 17.53% Life MNC Fund Declared on date 09-Oct Apr Nov-14 Dividend Yield () 6.33% 6.02% 3.89% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Nifty MNC # Nifty 50 ## Life MNC Fund Nifty MNC # Nifty 50 ## 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. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 42

59 Life Midcap Fund An Open-ended Scheme A fund that provides an opportunity to invest in midsized companies which can be potential leaders of tomorrow. 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. Top Ten Portfolio Holdings Mr. Jayesh Gandhi Managing Fund Since: January 01, years Date of Allotment: October 03, 2002 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty Free Float Midcap 100 ` Crores ` 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. Standard Deviation: 18.06% Sharpe Ratio ## : 1.31 Beta: 1.02 Portfolio Turnover: 0.58 Regular 2.42 Direct 1.37 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets Indian Oil Corporation 3.01% Tube Investments of India 2.75% Mahindra CIE Automotive 2.62% KEC International 2.58% The Federal Bank 2.58% Hindustan Petroleum Corporation 2.57% Gujarat State Petronet 2.38% Yes Bank 2.29% Tata Motors 2.19% MRF 2.15% Investment Performance - - NAV as on December 30, 2016: ` Oct 03, 2002 Finance Banks Pharmaceuticals Industrial Products Petroleum Products Auto Ancillaries Cement Consumer Durables Construction Consumer Non Durables 12.79% 8.31% 7.63% 6.64% 5.58% 4.90% 4.71% 4.70% 4.70% 4.09% Life Midcap Fund Declared on date 31-Aug Aug Jul-14 Dividend Yield () 7.82% 10.94% 8.72% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Nifty Free Nifty 50 ## Float Midcap 100 # Birla Sun Life Midcap Fund Nifty Free Float Midcap 100 # Nifty 50 ## December 31, 2014 (Absolute) 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 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 Free Float 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. 43

60 Life Small & Midcap Fund An Open-ended Small & Mid Cap Equity Scheme 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. 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. Top Ten Portfolio Holdings Mr. Jayesh Gandhi Managing Fund Since: December 15, years Date of Allotment: May 31, 2007 An Open-ended Small & Mid Cap Equity Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty Free Float Midcap 100 ` Crores ` 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: 18.64% Sharpe Ratio ## : 1.40 Beta: 1.03 Portfolio Turnover: 0.66 Regular 2.79 Direct 1.74 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets Mahanagar Gas 2.85% Sterlite Technologies 2.77% DCB Bank 2.63% KEC International 2.63% Firstsource Solutions 2.60% IRB Infrastructure Developers 2.57% Repco Home Finance 2.54% The Federal Bank 2.53% Dewan Housing Finance Corporation 2.53% Gujarat State Petronet 2.37% Investment Performance - - NAV as on December 30, 2016: ` May 31, 2007 Finance Pharmaceuticals Banks Industrial Products Construction Software Cement Gas Consumer Non Durables Industrial Capital Goods 11.34% 9.58% 8.26% 7.28% 6.75% 5.49% 5.48% 5.21% 3.72% 3.55% Life Small & Midcap Fund Declared on date 31-Aug Aug Jul-14 Dividend Yield () 7.83% 10.90% 0.00% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Nifty Free Nifty 50 ## Float Midcap 100 # Life Small & Midcap Fund Nifty Free Float Midcap 100 # Nifty 50 ## December 31, 2014 (Absolute) 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 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 Free Float 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. 44

61 Life Pure Value Fund An Open-ended Diversified Equity Scheme An Open ended Diversified Equity fund that follows value investing strategy to generate consistent long-term capital appreciation. 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. Top Ten Portfolio Holdings Mr. Mahesh Patil & Mr. Milind Bafna Managing Fund Since: January 16, years & 15 years Date of Allotment: March 27, 2008 An Open-ended Diversified Equity Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 ` Crores ` 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. Standard Deviation: 24.08% Sharpe Ratio ## : 1.20 Beta: 1.41 Portfolio Turnover: 2.13 Regular 2.65 Direct 1.60 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets The India Cements 5.07% Chennai Petroleum Corporation 4.57% Sintex Industries 4.29% Hindustan Petroleum Corporation 4.15% Atul 3.94% L&T Finance Holdings 3.76% UPL 3.75% Indraprastha Gas 3.65% Bharat Petroleum Corporation 3.09% GAIL (India) 2.97% Petroleum Products Investment Performance - - NAV as on December 30, 2016: ` Mar 27, 2008 Pharmaceuticals Chemicals Gas Cement Finance Textile Products Industrial Products Pesticides Banks 11.73% 10.19% 8.88% 8.31% 7.51% 5.11% 4.29% 3.75% 3.07% 17.09% Life Pure Value Fund Declared on date 22-Jul Jul Jul-14 Dividend Yield () 7.87% 10.43% 10.69% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com S&P BSE 200 # Nifty 50 ## Life Pure Value Fund S&P BSE 200 # Nifty 50 ## December 31, 2014 (Absolute) 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 3. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 45

62 Life Manufacturing Equity Fund An Open ended Manufacturing Sector Scheme India s first Manufacturing Oriented Fund, it is a thematic strategy geared to benefit from Indian economy s next big leap Resurgence of the Indian manufacturing sector. The primary investment objective of the Schemes 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 Manufacturing activity. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes objectives will be achieved. Top Ten Portfolio Holdings Mr. Anil Shah Managing Fund Since: Since Inception 26 years Date of Allotment: January 31, 2015 An Open ended Manufacturing Sector Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 500 ` Crores ` 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. Portfolio Turnover: 0.19 Regular 2.47 Direct 1.33 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets Maruti Suzuki India 7.09% Tata Chemicals 6.74% Vedanta 4.17% Hindustan Zinc 3.94% ITC 3.78% Bharat Electronics 3.18% MRF 2.94% Eicher Motors 2.92% Dishman Pharmaceuticals and Chemicals 2.87% Tata Motors 2.80% Consumer Non Durables Investment Performance - - NAV as on December 30, 2016: ` Jan 31, 2015 Auto Pharmaceuticals Cement Non - Ferrous Metals Chemicals Auto Ancillaries Industrial Products Industrial Capital Goods Consumer Durables 15.49% 10.21% 9.61% 8.11% 7.35% 5.83% 5.48% 3.73% 2.65% 18.42% Life Manufacturing Equity Fund S&P BSE 500 # Nifty 50 ## Life Manufacturing Equity Fund S&P BSE 500 # Nifty 50 ## 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 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 500 returns# (CAGR) Nifty 50 returns## (CAGR) Date of First Installment: February 01, 2015 & Scheme Inception Date: January 31, Past Performance may or may not be sustained in future. 46

63 Life Banking and Financial Services Fund An Open ended Banking & Financial Services Sector Scheme 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. 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. Top Ten Portfolio Holdings Mr. Satyabrata Mohanty & Mr. Dhaval Gala Managing Fund Since: Since Inception & August 26, years & 9 years Date of Allotment: December 14, 2013 An Open ended Banking & Financial Services Sector Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty Financial Services ` Crores ` 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. Standard Deviation: 22.88% Sharpe Ratio ## : 1.12 Beta: 1.07 Portfolio Turnover: 0.26 Regular 2.61 Direct 1.66 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets Yes Bank 11.17% ICICI Bank 10.39% HDFC Bank 10.34% Bajaj Finance 7.44% IndusInd Bank 6.41% State Bank of India 5.68% Cholamandalam Investment and Finance Company 5.31% Bank of Baroda 5.00% Equitas Holdings 4.99% Repco Home Finance 4.55% Investment Performance - - NAV as on December 30, 2016: ` Dec 14, 2013 Banks Finance Cash & Current Assets Net receivables / payables 3.81% -0.62% 55.04% 41.77% Life Banking and Financial Services Fund Declared on date 29-Dec-15 Dividend Yield () 7.93% Dividend Per Unit 1.10 Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on Nifty Financial Services # Nifty 50 ## Life Banking and Financial Services Fund Nifty Financial Services # Nifty 50 ## December 31, 2014 (Absolute) 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 12. Total Scheme managed by Mr. Dhaval Gala is 1. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 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 47

64 Life Dividend Yield Plus An Open-ended Scheme A fund that invests in high dividend paying companies across market cap which typically have steady cash flow generation. 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. Top Ten Portfolio Holdings Mr. Satyabrata Mohanty & Mr. Vineet Maloo Managing Fund Since: July 16, 2015 & January 16, years & 11 years Date of Allotment: February 26, 2003 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 500 ` Crores ` Crores Exit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 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:. (w.e.f October 10, 2016) **Exit Load is NIL for units issued in Dividend Reinvestment. Standard Deviation: 16.28% Sharpe Ratio ## : 0.79 Beta: 1.05 Portfolio Turnover: 0.80 Regular 2.25 Direct 1.50 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets ICICI Bank 5.77% Vedanta 4.53% Hindustan Petroleum Corporation 4.51% Sanofi India 3.23% Hindustan Zinc 2.88% Orient Cement 2.72% Bharat Petroleum Corporation 2.68% Axis Bank 2.68% Kaveri Seed Company 2.57% Mahanagar Gas 2.54% Investment Performance - - NAV as on December 30, 2016: ` Feb 26, 2003 Banks Petroleum Products Pharmaceuticals Software Non - Ferrous Metals Industrial Products Finance Consumer Non Durables Cement Media & Entertainment 13.73% 10.96% 8.10% 7.55% 7.41% 7.07% 5.91% 4.97% 4.95% 4.43% Life Dividend Yield Plus Declared on date 30-Dec Sep Jun-16 Dividend Yield () 1.50% 1.59% 1.27% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Nifty 500 # Nifty 50 ## Birla Sun Life Dividend Yield Plus Nifty 500 # Nifty 50 ## December 31, 2014 (Absolute) 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 3. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 48

65 Life Special Situations Fund An Open-ended Diversified Equity Scheme A Fund that endeavors to generate long term growth by identifying stocks that may have the potential for special situation like buy backs, open offers, demerger, etc. and a contrarian investment style. 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. Top Ten Portfolio Holdings Mr. Satyabrata Mohanty Managing Fund Since: October 05, years Date of Allotment: January 31, 2008 An Open-ended Diversified Equity Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE 200 ` Crores ` 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: 19.65% Sharpe Ratio ## : 1.10 Beta: 1.25 Portfolio Turnover: 1.09 Regular 2.74 Direct 2.02 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets IndusInd Bank 4.66% HDFC Bank 4.43% Yes Bank 4.33% ITC 4.09% UPL 3.86% Infosys 3.52% Tech Mahindra 3.27% HCL Technologies 3.05% Tata Motors 2.70% Maruti Suzuki India 2.64% Investment Performance - - NAV as on December 30, 2016: ` Jan 31, 2008 Banks Software Consumer Non Durables Auto Finance Petroleum Products Pharmaceuticals Chemicals Pesticides Non - Ferrous Metals 11.07% 9.00% 7.90% 6.60% 5.73% 5.65% 4.35% 3.86% 3.43% 21.20% Life Special Situations Fund Declared on date 26-Sep Sep Aug-14 Dividend Yield () 7.87% 8.17% 8.92% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com S&P BSE 200 # Nifty 50 ## Life Special Situations Fund S&P BSE 200 # Nifty 50 ## December 31, 2014 (Absolute) 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 12. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 49

66 Life India Reforms Fund An Open-ended Equity Scheme 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. 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. Top Ten Portfolio Holdings Mr. Satyabrata Mohanty Managing Fund Since: July 16, years Date of Allotment: June 25, 2010 An Open-ended Equity Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 500 ` Crores ` 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. Standard Deviation: 19.39% Sharpe Ratio ## : 0.99 Beta: 1.19 Portfolio Turnover: 0.35 Regular 2.68 Direct 1.75 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets Yes Bank 11.64% Eicher Motors 7.68% State Bank of India 6.25% ICICI Bank 5.79% Repco Home Finance 5.75% Capital First 5.73% IndusInd Bank 5.66% Voltas 5.45% Maruti Suzuki India 4.92% Bajaj Finserv 4.74% Investment Performance - - NAV as on December 30, 2016: ` June 25, 2010 Banks Finance Auto Construction Project Non - Ferrous Metals Industrial Products Petroleum Products Engineering Services Industrial Capital Goods Gas 8.80% 4.39% 3.22% 2.67% 2.23% 2.19% 2.04% 18.00% 17.87% 34.18% Life India Reforms Fund Declared on date 26-Dec Nov Aug-14 Dividend Yield () 6.24% 10.16% 6.72% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Nifty 500 # Nifty 50 ## Life India Reforms Fund Nifty 500 # Nifty 50 ## December 31, 2014 (Absolute) 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 12. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 50

67 Life Infrastructure Fund An Open-ended Scheme 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. 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. Top Ten Portfolio Holdings Mr. Mahesh Patil Managing Fund Since: July 16, years Date of Allotment: March 17, 2006 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 50 ` Crores ` 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: 21.53% Sharpe Ratio ## : 0.90 Beta: 1.35 Portfolio Turnover: 0.73 Regular 2.45 Direct 1.90 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets HDFC Bank 5.53% Honeywell Automation India 3.73% WABCO India 3.46% PTC India 3.29% Crompton Greaves Consumer Electricals 2.99% Ashoka Buildcon 2.97% Indraprastha Gas 2.70% Orient Cement 2.63% The Federal Bank 2.61% Mahanagar Gas 2.49% Investment Performance - - NAV as on December 30, 2016: ` Mar 17, 2006 Banks Finance Industrial Products Industrial Capital Goods Construction Project Cement Petroleum Products Gas Consumer Durables Power 12.01% 10.80% 10.65% 7.28% 5.97% 5.93% 5.72% 5.18% 4.89% 4.87% Life Infrastructure Fund Declared on date 11-Jun Jun-14 Dividend Yield () 10.48% 0.00% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Nifty 50 # S&P BSE SENSEX ## Life Infrastructure Fund Nifty 50 # S&P BSE SENSEX ## December 31, 2014 (Absolute) 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 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 51

68 Life New Millennium Fund An Open-ended Scheme 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. 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. Mr. Kunal Sangoi Managing Fund Since: January 16, years Date of Allotment: January 15, 2000 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P BSE Teck ` Crores ` 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: 17.60% Sharpe Ratio ## : Beta: 1.14 Portfolio Turnover: 0.61 Regular 2.72 Direct 1.94 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer Top Ten Portfolio Holdings % to net Assets Infosys 32.28% HCL Technologies 10.10% Tech Mahindra 9.80% NIIT Technologies 7.96% Cyient 6.15% Sonata Software 5.89% Tata Consultancy Services 4.69% INOX Leisure 4.51% Persistent Systems 4.23% Firstsource Solutions 2.57% Investment Performance - - NAV as on December 30, 2016: ` Jan 15, 2000 Software Media & Entertainment Telecom - Equipment & Accessories Cash & Current Assets Net receivables / payables December 31, 2014 (Absolute) 6.97% 1.05% 7.55% -2.94% 87.37% Life New Millennium Fund Declared on date 29-Jul Jul Sep-14 Dividend Yield () 7.00% 10.02% 8.04% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com S&P BSE Teck # Nifty 50 ## Life New Millennium Fund S&P BSE Teck # Nifty 50 ## N/A N/A 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 managed by Mr. Kunal Sangoi is 2. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 52

69 Life India GenNext Fund An Open-ended Scheme A Fund that strives to benefit from the rising consumption pattern in India, fuelled by high disposable incomes of the young generation (Generation Next). 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. Top Ten Portfolio Holdings Mr. Anil Shah & Mr. Chanchal Khandelwal Managing Fund Since: September 23, 2013 & August 26, years & 10 years Date of Allotment: August 05, 2005 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 50 ` Crores ` 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: 14.87% Sharpe Ratio ## : 1.24 Beta: 0.94 Portfolio Turnover: 0.37 Regular 2.76 Direct 1.46 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets HDFC Bank 5.25% Maruti Suzuki India 4.82% ITC 4.21% IndusInd Bank 3.86% Eicher Motors 3.76% Kotak Mahindra Bank 2.94% 2.85% Yes Bank 2.85% Asian Paints 2.47% Indian Oil Corporation 2.24% Consumer Non Durables Investment Performance - - NAV as on December 30, 2016: ` Aug 05, 2005 Banks Finance Auto Pharmaceuticals Consumer Durables Cement Petroleum Products Media & Entertainment Healthcare Services 13.95% 10.71% 6.39% 5.80% 5.04% 3.73% 3.15% 2.85% 19.94% 15.91% Life India GenNext Fund Declared on date 27-May Jun Jun-14 Dividend Yield () 8.26% 11.10% 0.00% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 8.22% 10.14% 0.00% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Nifty 50 # S&P BSE SENSEX ## Life India GenNext Fund Nifty 50 # S&P BSE SENSEX ## December 31, 2014 (Absolute) 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. Anil Shah is 8. Total Schemes managed by Mr. Chanchal Khandelwal is 1. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 53

70 Life India Opportunities Fund An Open-ended Scheme 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. 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. Top Ten Portfolio Holdings Mr. Kunal Sangoi Managing Fund Since: July 16, years Date of Allotment: December 27, 1999 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Nifty 500 ` Crores ` 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. Standard Deviation: 13.74% Sharpe Ratio ## : 1.08 Beta: 0.73 Portfolio Turnover: 0.60 Regular 2.63 Direct 2.04 Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets Cummins India 6.80% Tech Mahindra 6.70% Sanofi India 6.08% Honeywell Automation India 5.99% HCL Technologies 5.91% Infosys 5.27% Sun Pharmaceuticals Industries 5.12% Hindustan Zinc 4.84% WABCO India 4.48% NIIT Technologies 4.24% Investment Performance - - NAV as on December 30, 2016: ` Dec 27, 1999 Software Pharmaceuticals Industrial Products Non - Ferrous Metals Industrial Capital Goods Auto Ancillaries Petroleum Products Pesticides Finance Textile Products 12.65% 9.20% 5.99% 4.48% 4.15% 3.23% 2.60% 1.39% 24.90% 30.45% Life India Opportunities Fund Declared on date 30-Nov Nov Dec-13 Dividend Yield () 10.38% 9.81% 0.00% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Nifty 500 # Nifty 50 ## Life India Opportunities Fund Nifty 500 # Nifty 50 ## December 31, 2014 (Absolute) 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. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 54

71 Life International Equity Fund - Plan A An Open-ended Diversified Equity Scheme A fund that provides an opportunity to grow your money by investing in world class companies across the globe. 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 Top Ten Portfolio Holdings Mr. Vineet Maloo Managing Fund Since: Since Inception 11 years Date of Allotment: October 31, 2007 An Open-ended Diversified Equity Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P Global 1200 ` Crores ` 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: 0.34 Regular 2.68 Direct 2.18 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets Aetna Inc New 4.46% Apple Inc. 4.31% THE BOEING CO 3.73% AXA SA 3.65% Valero Energy Corporation Ltd 3.63% Fedex Corp 3.56% NORDEA BANK AB 3.28% SWISS RE AG 3.17% Harman International Industries Inc 2.88% Delta Air Lines Inc 2.86% Country Allocation Investment Performance - - NAV as on December 30, 2016: ` Oct 31, 2007 United States Australia France Germany Sweden Swaziland Norway Hong Kong Netherlands Switzerland 5.09% 4.83% 4.30% 3.28% 3.17% 2.63% 2.61% 2.34% 1.79% 61.89% Birla Sun Life International Equity Fund - Plan A Declared on date 27-Nov-14 Dividend Yield () 8.05% Dividend Per Unit 1.30 Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com S&P Global 1200 # Nifty 50 ## Birla Sun Life International Equity Fund - Plan A S&P Global 1200 # Nifty 50 ## December 31, 2014 (Absolute) 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. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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. 55

72 Life International Equity Fund - Plan B An Open-ended Diversified Equity Scheme 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. 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. Top Ten Portfolio Holdings Mr. Vineet Maloo Managing Fund Since: Since Inception 11 years Date of Allotment: October 31, 2007 An Open-ended Diversified Equity Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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. ` Crores ` 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: 0.57 Regular 2.69 Direct 2.14 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets HDFC Bank 6.42% Indian Oil Corporation 3.47% Infosys 3.34% Repco Home Finance 3.31% Bajaj Finance 2.59% IndusInd Bank 2.39% Eicher Motors 2.30% Tata Motors 2.19% HCL Technologies 1.74% Shriram City Union Finance 1.74% Country/Industry Allocation Investment Performance - - NAV as on December 30, 2016: ` Oct 31, 2007 United States Banks Finance Software Auto Industrial Products Consumer Non Durables Textile Products Petroleum Products Non - Ferrous Metals 15.04% 12.85% 9.89% 8.05% 5.75% 4.45% 4.35% 3.63% 3.47% 3.25% Birla Sun Life International Equity Fund - Plan B Customised Index # Nifty 50 ## Birla Sun Life International Equity Fund - Plan B Customised Index # Nifty 50 ## December 31, 2014 (Absolute) 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. 67 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. $ Direct Plan 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 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. 56

73 Life Commodity Equities Fund - Global Agri Plan (GAP) An Open-ended Scheme A Fund that provides exposure to commodities, by investing in handpicked commodity companies worldwide, that have business exposure to Agricultural commodities. 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. Mr. Milind Bafna Managing Fund Since: August 26, years Date of Allotment: November 07, 2008 An Open-ended Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: S&P Global Agribusiness Index ` 8.86 Crores ` 8.86 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. Portfolio Turnover: 0.05 Regular 1.62 Direct 1.17 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer Top Ten Portfolio Holdings % to net Assets Deere And Co Ltd 10.24% Monsanto Co 9.14% Syngenta Ltd Reg Shs 8.44% ARCHER-DANIELS-MIDLAND CO 8.07% BRF SA 5.71% TYSON FOODS INC 5.70% ASSOCIATED BRITISH FOODS PLC 5.32% Potash Corp Of Saskatchewan Inc 5.31% Kubota Corp 5.20% BUNGE LTD 4.78% Country Allocation United States Switzerland Japan Norway Mauritius Canada Chile Russian Federation Cash & Current Assets Net receivables / payables 13.76% 5.62% 4.83% 4.45% 4.25% 1.56% 1.44% 5.41% -0.45% 59.12% Investment Performance - - NAV as on December 30, 2016: ` Nov 07, 2008 S&P Global Agribusiness Index # Nifty 50 ## Life Commodity Equities Fund - Global Agri Plan - Regular Declared on date 21-May May-14 Dividend Yield () 7.48% 8.24% Dividend Per Unit Cum Dividend NAV Dividend Yield (Direct Plan) 7.38% 8.19% Dividend Per Unit Cum Dividend NAV 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). Past performance may or may not be sustained in future. The Face Value 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. For more details on dividends declared please refer to the online empower on www. mutualfund.birlasunlife.com Life Commodity Equities Fund - Global Agri Plan - Regular S&P Global Agribusiness Index # Nifty 50 ## December 31, 2014 (Absolute) 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. 67 to know more on performance ofschemes managed by Fund Managers. $ Direct Plan 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 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. 57

74 Life Global Commodities Fund (erstwhile ING Global Commodities Fund. Name changed w.e.f October 11, 2014) An Open-ended Fund of Funds Scheme 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. 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. Top Ten Portfolio Holdings Mr. Shravan Sreenivasula Managing Fund Since: December 15, years Date of Allotment: September 17, 2008 An Open-ended Fund of Funds Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: 40% Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR terms ` 3.08 Crores ` 3.23 Crores 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: **Exit Load is NIL for units issued in Dividend Reinvestment. Regular 0.77 Direct 0.66 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer % to net Assets Legg Manson Martin Currie Global Resources Fund 47.34% First State Glob Umbrella Fund Global Res Fund - I 45.46% Cash & Current Assets 31.61% Net receivables / payables % Investment Performance - - NAV as on December 30, 2016: ` Sep 17, 2008 Mutual Fund Units Cash & Current Assets Net receivables / payables % 31.61% 92.80% 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 ## S&P BSE Life Global SENSEX Commodities ## Fund 40% Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR terms # December 31, 2014 (Absolute) 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 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 returns## (CAGR) Date of First Installment: October 01, 2008 & Scheme Inception Date: September 17, Past Performance may or may not be sustained in future. 58

75 Life Global Real Estate Fund (erstwhile ING Global Real Estate Fund. Name changed w.e.f October 11, 2014) An Open-ended Fund of Funds Scheme 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 provide capital appreciation. 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. Mr. Shravan Sreenivasula Managing Fund Since: December 15, years Date of Allotment: December 31, 2007 An Open-ended Fund of Funds Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: 10/40 GPR 250 Global Net Index ` Crores ` Crores 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: **Exit Load is NIL for units issued in Dividend Reinvestment. Regular 1.74 Direct 1.28 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. Issuer Top Portfolio Holdings % to net Assets ING (L) Invest Global Real Estate - I Cap USD 99.07% Cash & Current Assets 1.35% Net receivables / payables -0.42% Mutual Fund Units Cash & Current Assets Net receivables / payables Investment Performance - - NAV as on December 30, 2016: ` Dec 31, % -0.42% 99.07% Life Global Real Estate Fund 10/40 GPR 250 Global Net Index # S&P BSE SENSEX ## Life Global Real Estate Fund 10/40 GPR 250 Global Net Index # S&P BSE SENSEX ## N/A N/A December 31, 2014 (Absolute) 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 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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) NA 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. 59

76 Life Gold ETF An Open ended Gold Exchange Traded Fund An ETF that invests in physical gold of 99.5% purity to generate returns in line with performance of gold, subject to tracking errors. 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. Top Ten Portfolio Holdings Mr. Prasad Dhonde Managing Fund Since: October 03, years Date of Allotment: May 13, 2011 An Open ended Gold Exchange Traded Fund Addl. Purchase: The Creation Unit size in case of Life Gold ETF shall be 1,000 units and in multiples thereof. To know the exact value of the units please refer our website. NAV : Benchmark: Domestic price of physical gold ` Crores ` 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 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. Standard Deviation: 15.59% Sharpe Ratio ## : Beta: 0.94 Regular 0.92 Tracking Error: 6.51% Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio Issuer % to net Assets Gold 99.92% Cash & Current Assets 0.04% Net receivables / payables 0.04% Cash & Current Assets Net receivables / payables Investment Performance NAV as on December 30, 2016: ` May 13, 2011 GOLD 99.92% 0.04% 0.04% Life Gold ETF Domestic price of physical gold # Life Domestic price Gold ETF of physical gold # December 31, 2014 (Absolute) Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Prasad Dhonde is 22. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 60

77 Life Gold Fund An Open ended Fund of Funds Scheme An open ended Fund of Funds scheme that predominantly invests in units of Life Gold ETF (underlying scheme) and one doesn t require a Demat Account to invest in it. An Open ended Fund of Funds Scheme with the investment objective to provide returns that tracks returns provided by Life Gold ETF (BSL Gold ETF). Top Portfolio Holdings Mr. Shravan Sreenivasula Managing Fund Since: December 15, years Date of Allotment: March 20, 2012 An Open ended Fund of Funds Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: Domestic price of physical gold ` Crores ` 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. Standard Deviation: 16.91% Sharpe Ratio ## : Beta: 0.98 Regular 0.50 Direct 0.23 Tracking Error: 7.97% Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. ## Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 31st Jan 2017) for calculating Sharpe Ratio Issuer % to net Assets Life Gold ETF 98.79% Cash & Current Assets 1.35% Net receivables / payables -0.13% Exchange Traded Fund Cash & Current Assets Net receivables / payables Investment Performance - - NAV as on December 30, 2016: ` Mar 20, % -0.13% 98.79% Life Gold Fund Domestic price of physical gold # Life Domestic price Gold Fund of physical gold # December 31, 2014 (Absolute) Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Investors should note that, Life Gold Fund being an open ended Fund of Funds 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. $ Direct Plan 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 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 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. 61

78 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 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. 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. Mr. Shravan Sreenivasula Managing Fund Since: December 15, years Date of Allotment: August 17, 2006 An Open ended Fund of Funds Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 1,000 NAV of Plans / Options : Dividend: : Dividend: Benchmark: CRISIL Balanced Fund - Aggressive Index ` 3.35 Crores ` 3.39 Crores Exit Load**: 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 1.35 Direct 1.30 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. Past performance may or may not be sustained in future. 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. Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 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. Issuer Top Portfolio Holdings % to net Assets SBI Magnum Gilt Fund - Long Term-Dir Pl % MOSt Focused Multicap 35-Direct Plan- Option 19.03% Life Cash Plus - - Direct Plan 18.75% Life Frontline Eq Fd - Gr - Direct Plan 9.00% SBI Blue Chip Fund-Direct Plan % Mirae Asset India Opp'ties Fund-Direct Plan- 5.25% IDFC Dynamic Bond Fund-Direct Plan- 3.39% Cash & Current Assets 6.19% Net receivables / payables -1.16% Investment Performance - - NAV as on December 30, 2016: ` Aug 17, 2006 Mutual Fund Units Cash & Current Assets Net receivables / payables 6.19% -1.16% 94.97% Life Asset Allocator Multi Manager FoF Scheme CRISIL Balanced Fund - Aggressive Index # S&P BSE SENSEX ## Life Asset Allocator Multi Manager FoF Scheme CRISIL Balanced Fund - Aggressive Index # S&P BSE SENSEX ## December 31, 2014 (Absolute) 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 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 - Aggressive Index returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: September 01, 2006 & Scheme Inception Date: August 17, Past Performance may or may not be sustained in future. 62

79 Life Financial Planning FOF - Aggressive Plan (erstwhile ING Financial Planning Fund - Aggressive Plan. Name changed w.e.f October 11, 2014) An Open ended Fund of Funds Scheme 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) 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. Top Ten Portfolio Holdings Mr. Shravan Sreenivasula Managing Fund Since: December 15, years Date of Allotment: May 09, 2011 An Open ended Fund of Funds Scheme for fresh subscription*: ` 1,000 Min. Addl. Investment: ` 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 ` Crores ` 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 1.33 Direct 0.58 Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers / or from any of our Investor Service Centers. 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. 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. Past performance may or may not be sustained in future. 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. Issuer % to net Assets MOSt Focused Multicap 35-Direct Plan- Option 15.79% Life Advantage Fund - Gr - Dir Pl 15.79% Life Frontline Eq Fd - Gr - Direct Plan 14.14% SBI Blue Chip Fund-Direct Plan % Life Cash Plus - - Direct Plan 13.10% Mirae Asset India Opp'ties Fund-Direct Plan % Life MediumTerm Plan -Gr - Direct Plan 6.16% R*Shares Gold BeES 2.58% SBI Magnum Gilt Fund - Long Term-Dir Pl % IDFC Dynamic Bond Fund-Direct Plan- 2.22% Mutual Fund Units Exchange Traded Fund Cash & Current Assets Net receivables / payables 4.20% 0.85% -0.18% Investment Performance - - NAV as on December 30, 2016: ` May 09, 2011 CRISIL S&P BSE Birla Sun Life Financial Planning FOF Aggressive Plan 95.14% 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 ## 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 # 10 Year Gilt Index ## SENSEX ## December 31, 2014 (Absolute) 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 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $ Direct Plan 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 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 % CRISIL Liquid Fund index + 10% CRISIL Composite Bond Fund index + 5% INR price of Gold returns# (CAGR) CRISIL 10 Year Gilt Index returns# (CAGR) S&P BSE SENSEX returns## (CAGR) Date of First Installment: June 01, 2011 & Scheme Inception Date: May 09, Past Performance may or may not be sustained in future. 63

80 Close Ended Scheme Performance Life Capital Protection Oriented Fund - Series 18 - Feb 03, 2014 Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 30 th December 2016): ` life Capital Protection Oriented - Series 18 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## life Capital Protection Oriented - Series 18 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 11. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 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 - Mar 06, 2014 Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 30 th December 2016): ` life Capital Protection Oriented - Series 19 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## life Capital Protection Oriented - Series 19 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 11. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 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 - Apr 30, 2014 Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 30 th December 2016): ` life Capital Protection Oriented - Series 20 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## life Capital Protection Oriented - Series 20 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 11. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 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 - Jun 09, 2014 Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 30 th December 2016): ` life Capital Protection Oriented - Series 21 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## life Capital Protection Oriented - Series 21 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 11. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 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 22 - Aug 13, 2014 Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 30 th December 2016): ` life Capital Protection Oriented - Series 22 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## life Capital Protection Oriented - Series 22 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 11. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 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 - Sep 18, 2014 Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 30 th December 2016): ` life Capital Protection Oriented - Series 23 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## life Capital Protection Oriented - Series 23 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 11. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 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 - Nov 26, 2014 Mr. Prasad Dhonde / Mr. Ajay Garg NAV (as on 30 th December 2016): ` life Capital Protection Oriented - Series 25 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## life Capital Protection Oriented - Series 25 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## December 30, 2015 (Absolute) Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 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 26 - Mar 30, 2015 Mr. Prasad Dhonde / Mr. Ajay Garg NAV (as on 30 th December 2016): ` life Capital Protection Oriented - Series 26 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## life Capital Protection Oriented - Series 26 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 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. 64

81 Close Ended Scheme Performance Life Capital Protection Oriented Fund - Series 29 - Dec 10, 2015 Mr. Prasad Dhonde / Mr. Vineet Maloo NAV (as on 30 th December 2016): ` life Capital Protection Oriented - Series 29 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## life Capital Protection Oriented - Series 29 CRISIL MIP Blended Index # CRISIL 1 Year T-Bill Index ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 11. Total Schemes managed by Mr. Prasad Dhonde is 22. Total Schemes managed by Mr. Vineet Maloo is 17. Refer annexure on page no. 67 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 Emerging Leaders Fund - Series 2 - Regular Plan - Jun 05, 2014 Mr. Mahesh Patil NAV (as on 30 th December 2016): ` Life Emerging Leaders Fund - Series 4 - Regular Plan - Aug 06, 2014 Mr. Mahesh Patil & Life Emerging S&P BSE MidCap Nifty 50 ## Mr. Milind Bafna Leaders Fund - # Life S&P BSE Nifty 50 Series 4 Emerging MidCap ## NAV (as on 30 th December 2016): Leaders Fund - # ` Series Past performance may or may not be sustained in future. 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 8. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Life Emerging Leaders Fund - Series 6 - Regular Plan - Apr 17, 2015 Mr. Satyabrata Mohanty NAV (as on 30 th December 2016): ` Life Emerging Leaders Fund - Series 2 Life Emerging Leaders Fund - Series 6 S&P BSE MidCap # S&P BSE MidCap # Nifty 50 ## Nifty 50 ## Life Emerging Leaders Fund - Series 2 Life Emerging Leaders Fund - Series 6 S&P BSE MidCap # S&P BSE MidCap # Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Life Emerging Leaders Fund - Series 1 - Regular Plan - May 09, 2014 Mr. Jayesh Gandhi NAV (as on 30 th December 2016): ` Life Emerging Leaders Fund - Series 1 S&P BSE MidCap # Nifty 50 ## Life Emerging Leaders Fund - Series 1 S&P BSE MidCap # Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Jayesh Gandhi is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Life Emerging Leaders Fund - Series 3 - Regular Plan - Jul 08, 2014 Mr. Mahesh Patil & Life Emerging S&P BSE MidCap Nifty 50 ## Mr. Milind Bafna Leaders Fund - # Life S&P BSE Nifty 50 Series 3 Emerging MidCap ## NAV (as on 30 th December 2016): Leaders Fund - # ` Series Past performance may or may not be sustained in future. 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 8. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Life Emerging Leaders Fund - Series 5 - Regular Plan - Jan 01, 2015 Mr. Jayesh Gandhi NAV (as on 30 th December 2016): ` Life Emerging Leaders Fund - Series 5 S&P BSE MidCap # Nifty 50 ## Life Emerging Leaders Fund - Series 5 S&P BSE MidCap # Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Jayesh Gandhi is 5. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Life Focused Equity Fund - Series 1 - Regular Plan - Feb 24, 2014 Mr. Anil Shah NAV (as on 30 th December 2016): ` Life Focused Equity Fund - Series 1 Nifty 100 # Nifty 50 ## Life Focused Equity Fund - Series 1 Nifty 100 # Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. 65

82 Close Ended Scheme Performance Life Focused Equity Fund - Series 2 - Regular Plan - Mar 26, 2014 Mr. Anil Shah NAV (as on 30 th December 2016): ` Life Focused Equity Fund - Series 4 - Regular Plan - Dec 19, 2014 Mr. Anil Shah NAV (as on 30 th December 2016): ` Life Focused Equity Fund - Series 2 Life Focused Equity Fund - Series 4 Nifty 100 # Nifty 100 # Nifty 50 ## Nifty 50 ## Life Focused Equity Fund - Series 2 Nifty 100 # Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Life Focused Equity Fund - Series 4 Nifty 100 # Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Life Focused Equity Fund - Series 3 - Regular Plan - Oct 30, 2014 Mr. Anil Shah NAV (as on 30 th December 2016): ` Life Focused Equity Fund - Series 5 - Regular Plan - Mar 25, 2015 Mr. Anil Shah NAV (as on 30 th December 2016): ` Life Focused Equity Fund - Series 3 Life Focused Equity Fund - Series 5 Nifty 100 # Nifty 100 # Nifty 50 ## Nifty 50 ## Life Focused Equity Fund - Series 3 Life Focused Equity Fund - Series 5 Nifty 100 # Nifty 100 # Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Life Focused Equity Fund - Series 6 - Regular Plan - Oct 16, 2015 Mr. Satyabrata Mohanty NAV (as on 30 th December 2016): ` Life Focused Equity Fund - Series 6 Nifty 100 # Nifty 50 ## Life Focused Equity Fund - Series 6 Nifty 100 # Nifty 50 ## Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. Performance details for close ended Capital Protection Oriented Schemes with less than 1 year of existence have not been disclosed. Schemes mentioned in order of performance for the period December 31, December 30, 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. 66

83 Fund Manager-wise Scheme Details 67 Sr. Funds Managed By Mr. Ajay Garg Refer no page No 1 Life Capital Protection Oriented Fund - Series 25 # 64 2 Life Capital Protection Oriented Fund - Series 26 # 64 3 Life Index Fund 37 4 Life MNC Fund 42 5 Life Tax Plan 29 6 Life Tax Relief Life Tax Savings Fund 30 # Funds co-managed by Mr. Prasad Dhonde Sr. Funds Managed By Mr. Anil Shah Refer no page No 1 Life Equity Fund 40 2 Life Focused Equity Fund - Series Life Focused Equity Fund - Series Life Focused Equity Fund - Series Life Focused Equity Fund - Series Life Focused Equity Fund - Series Life India GenNext Fund* 53 8 Life Manufacturing Equity Fund 46 * Funds co-managed by Mr. Chanchal Khandelwal Sr. Funds Managed By Mr. Chanchal Khandelwal Refer no page No 1 Life India GenNext Fund* 53 *Funds co-managed by Mr. Anil Shah Sr. Funds Managed By Mr. Dhaval Gala Refer no page No 1 Life Banking and Financial Services Funds co-managed by Mr. Satyabrata Mohanty Sr. Funds Managed By Mr. Jayesh Gandhi Refer no page No 1 Life Emerging Leaders Fund - Series Life Emerging Leaders Fund - Series Life Midcap Fund 43 4 Life Small & Midcap Fund 44 Sr. Funds Managed By Mr. Kunal Sangoi Refer no page No 1 Life India Opportunities Fund 54 2 Life New Millennium Fund 52 Sr. Funds Managed By Mr. Lovelish Solanki Refer no page No 1 Life Enhanced Arbitrage Fund 8 2 Life Equity Savings 34 * Funds co-managed by Mr. Satyabrata Funds co-managed by Mr. Pranay Sinha Sr. Funds Managed By Mr. Mahesh Patil Refer no page No 1 Life Balanced 95 Fund #^ 36 2 Life Emerging Leaders Fund - Series Life Emerging Leaders Fund - Series 65 4 Life Emerging Leaders Fund - Series 65 5 Life Frontline Equity Fund 38 6 Life Infrastructure Fund 51 7 Life Pure Value 45 8 Life Top 100 Fund 39 # Funds co-managed by Mr. Pranay Funds co-managed by Mr. Milind Bafna ^ Funds co-managed by Mr. Dhaval Shah Sr. Funds Managed By Mr. Milind Bafna Refer no Life Commodity Equities Fund - Global Agri Plan 1 page No 57 (GAP) 2 Life Emerging Leaders Fund - Series 3* 65 3 Life Emerging Leaders Fund - Series 4* 65 4 Life Pure Value Fund* 45 * Funds co-managed by Mr. Mahesh Patil Sr. Funds Managed By Mr. Shravan Sreenivasula Refer no page No 1 Life Active Debt Multi Manager FoF Scheme 19 2 Life Asset Allocator Multi Manager FoF Scheme 62 3 Life Financial Planning FOF - Aggressive Plan 63 4 Life Financial Planning FOF - Conservative Plan 20 5 Life Financial Planning FOF - Prudent Plan 21 6 Life Global Commodities Fund 58 7 Life Global Real Estate Fund 59 8 Life Gold Fund 61 Sr. Funds Managed By Mr. Vineet Maloo Refer no page No 1 Life Capital Protection Oriented Fund - Series 18 # 64 2 Life Capital Protection Oriented Fund - Series 19 # 64 3 Life Capital Protection Oriented Fund - Series 20 # 64 4 Life Capital Protection Oriented Fund - Series 21 # 64 5 Life Capital Protection Oriented Fund - Series 22 # 64 6 Life Capital Protection Oriented Fund - Series 23 # 64 7 Life Capital Protection Oriented Fund - Series 29 # 65 8 Life Dividend Yield Plus* 48 9 Life Balanced Advantage Fund # Life International Equity Fund - Plan A Life International Equity Fund - Plan B 56 The Fund Manager-wise Scheme Details appearing above are As on December 30, Sr. Funds Managed By Mr. Kaustubh Gupta Refer no page No 1 Life Cash Manager # 5 2 Life Cash Plus # 3 3 Life Constant Maturity 10 Year Gilt Fund$ (erstwhile Life Gilt Plus ) 16 4 Life Floating Rate Fund - Long Term Plan $ 7 5 Life Floating Rate Fund - Short Term Plan # 4 6 Life Gilt Plus - PF Plan $ 18 7 Life Government Securities Fund -Long Term Plan $ 17 8 Life Savings Fund # 6 9 Life Short Term Opportunities Fund # Life Treasury Optimizer Plan$ (erstwhile Life Ultra Short Term Fund) 11 # Funds co-managed by Ms. Sunaina Da Cunha $ Funds co-managed by Mr. Prasad Dhonde Sr. Funds Managed By Mr. Maneesh Dangi Refer no page No 1 Life Corporate Bond Fund 13 2 Life Dynamic Bond Fund 14 3 Life Medium Term Plan 12 Sr. Funds Managed By Mr. Pranay Sinha Refer no page No 1 Life Balanced Life Equity Savings Fund #^ 34 3 Life MIP* 24 4 Life MIP II - Savings 5 Plan* # 23 5 Life MIP II - Wealth 25 Plan* # 26 6 Life Monthly Income* 25 * 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 $ Funds co-managed by Mr. Dhaval Shah Sr. Funds Managed By Mr. Prasad Dhonde Refer no page No 1 Life Capital Protection Oriented Fund - Series 18 $ 64 2 Life Capital Protection Oriented Fund - Series 19 $ 64 3 Life Capital Protection Oriented Fund - Series 20 $ 64 4 Life Capital Protection Oriented Fund - Series 21 $ 64 5 Life Capital Protection Oriented Fund - Series 22 $ 64 6 Life Capital Protection Oriented Fund - Series 23 $ 64 7 Life Capital Protection Oriented Fund - Series 25 # 64 8 Life Capital Protection Oriented Fund - Series 26 # 64 9 Life Capital Protection Oriented Fund - Series 29 # 65 Life Constant Maturity 10 Year Gilt Fund@ (erstwhile Life Gilt Plus ) 11 Life Balanced Advantage Fund $ Life Floating Rate Fund - Long Term 7 13 Life Gilt Plus - PF Life Gold ETF 60 Life Government Securities Fund Long Term 16 Life Income Plus Life Short Term Fund 9 Life Treasury Optimizer Plan@ (erstwhile Life Ultra Short Term Fund) # Funds co-managed by Mr. Ajay Garg $ Funds co-managed by Mr. Vineet Funds co-managed by Mr. Kaustubh Gupta $ Funds co-managed by Mr. Dhaval Shah Sr. Funds Managed By Mr. Satyabrata Mohanty Refer no page No 1 Life Advantage Fund 41 2 Life Banking and Financial Services 47 3 Life Dividend Yield Plus # 48 4 Life Emerging Leaders Fund - Series Life Equity Savings Fund*^ 34 6 Life Focused Equity Fund - Series Life India Reforms Fund 50 8 Life MIP II - Savings 5 Plan* # 23 9 Life MIP II - Wealth 25 Plan* # Life Special Situations Fund 49 * 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. Funds Managed By Ms. Sunaina Da Cunha Refer no page No 1 Life Cash Manager* 5 2 Life Cash Plus* 3 3 Life Floating Rate Fund - Short Term Plan* 4 4 Life Savings Fund* 6 5 Life Short Term Opportunities Fund* 10 * Funds co-managed by Mr. Kaustubh Gupta Sr. Funds Managed By Mr. Vineet Maloo Refer no page No 12 Life Life MIP II - Savings Life MIP II - Wealth Life Monthly 25 * Funds co-managed by Mr. Satyabrata Mohanty # Funds co-managed by Mr. Prasad Funds co-managed by Mr. Pranay Sinha Sr. Funds Managed By Mr. Dhaval Shah Refer no page No 1 Life Balanced 95 Funds co-managed by Mr. Mahesh Patil $ Funds co-managed by Mr. Pranay Sinha

84 Portfolio Savings Solutions Life Cash Plus Rating % IndusInd Bank CRISIL A % 35 Days CMB (MD 08/02/2017) SOV 3.99% Axis Bank 3.97% 56 Days CMB bill (MD 06/03/2017) SOV 3.87% ICRA A % Vedanta CRISIL A % ICRA A % Kotak Mahindra Bank 2.16% Vedanta CRISIL A % Shriram Transport Finance Company CRISIL A % ECL Finance Ltd ICRA AA 1.62% The South Indian Bank CARE A % Tata Capital Financial Services Ltd ICRA A % JSW Steel CARE A % JSW Steel CARE A % The South Indian Bank CARE A % Reliance Capital ICRA A % Cholamandalam Investment and Finance Company ICRA A % Vedanta CRISIL A % India Infoline Finance Ltd ICRA A % Shriram Transport Finance Company CRISIL A % JSW Steel CARE A % Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.98% Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.94% ICRA A % Deutsche Bank AG 0.91% 91 Days Tbill (MD 23/03/2017) SOV 0.86% Shriram Transport Finance Company IND AA+ 0.84% Nabha Power Ltd ICRA A % Kotak Securities Ltd ICRA A % Tata Power Company ICRA A % Steel Authority of India CARE A % Shriram Transport Finance Company CRISIL A % 91 Days Tbill (MD 16/03/2017) SOV 0.77% 49 Days CMB (MD 03/03/2017) SOV 0.76% Hero Fincorp CRISIL A % Vedanta CRISIL A % ICRA A % Tata Capital Financial Services Ltd CRISIL AA+ 0.69% Reliance Capital ICRA A % Abu Dhabi Commercial Bank (ADCB) CRISIL A % STCI Finance CRISIL A % Vedanta CRISIL A % Axis Finance IND A % Tata Capital Housing Finance Ltd CRISIL A % National Bank For Agriculture and Rural Development CARE A % 91 Days Tbill (MD 09/03/2017) SOV 0.65% Tata Power Company ICRA A % CRISIL AAA 0.63% Rural Electrification Corporation CRISIL AAA 0.62% Bajaj Finance CRISIL A % IL&FS Financial Services Ltd CARE A % Steel Authority of India CARE A % IL&FS Financial Services Ltd ICRA A % GIC Housing Finance ICRA A % HDB Financial Services Ltd CARE A % Deutsche Investments India Pvt Ltd CRISIL A % Adani Transmission IND A % Tata Power Renewable Energy Ltd CRISIL A1+(SO) 0.48% STCI Finance CRISIL A % IL&FS Financial Services Ltd ICRA A % L&T Vrindavan Properties Ltd CARE AA+(SO) 0.42% Tata Motors Finance Ltd ICRA A % Vedanta CRISIL A % Edelweiss Commodities Services Ltd CRISIL A % Reliance Jio Infocomm CARE A % LIC Housing Finance CRISIL AAA 0.39% LIC Housing Finance CARE AAA 0.33% Vedanta CRISIL A % Adani Ports and Special Economic Zone ICRA A % IDBI Bank CRISIL A % Reliance Capital ICRA A % Tata Housing Development Co Ltd CARE A % Tata Motors Finance Ltd ICRA A % Tata Housing Development Co Ltd CARE A % Tata Capital Housing Finance Ltd CRISIL A % Abu Dhabi Commercial Bank (ADCB) CRISIL A % Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.33% Shapoorji Pallonji and Company Private Ltd ICRA A % Piramal Finance Private ICRA A % Piramal Finance Private ICRA A % IndusInd Bank CRISIL A % Piramal Finance Private ICRA A % Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.33% Sundaram Finance ICRA A % Kotak Mahindra Prime Ltd ICRA A % Tata Power Company ICRA A % Tata Motors Finance Ltd ICRA A % Export Import Bank of India CRISIL A % Indiabulls Housing Finance CARE AAA 0.30% Godrej Properties ICRA A % ICICI Home Finance Company Ltd ICRA A % Sterlite Technologies ICRA A % Export Import Bank of India CRISIL A % IDBI Bank CRISIL A % Barclays Invest & Loans India Ltd ICRA A % Godrej Properties ICRA A % Can Fin Homes ICRA A % Edelweiss Commodities Services Ltd CRISIL A % Tata Cleantech Capital Ltd CRISIL A % Magma Fincorp CARE A % Credila Financial Services Pvt Ltd ICRA A % Mahindra & Mahindra Financial Services IND A % Reliance Jio Infocomm CARE A % Fedbank Financial Services Ltd CRISIL A % Reliance Capital CARE AAA 0.20% Tata Housing Development Co Ltd CARE A % IL & FS Education and Technology Services Ltd CARE A % ICRA A % Standard Chartered Invest & Loans Ltd. CRISIL A % National Bank For Agriculture and Rural Development CRISIL A % Godrej Properties ICRA A % Corporation Bank CRISIL A % Vedanta CRISIL A % Corporation Bank CRISIL A % Dalmia Bharat CARE A % Network18 Media & Investments ICRA A % JM Financial Products Ltd ICRA A % Fedbank Financial Services Ltd CRISIL A % Sadbhav Engineering CARE A % Magma Fincorp CARE A % Barclays Invest & Loans India Ltd ICRA A % Piramal Finance Private ICRA A % Credila Financial Services Pvt Ltd ICRA A % ICICI Securities Ltd CRISIL A % Tata Capital Housing Finance Ltd CRISIL A % Dalmia Bharat CARE A % IL & FS Education and Technology Services Ltd CARE A % Shriram Transport Finance Company IND AA+ 0.15% IDBI Bank CRISIL A % Corporation Bank CRISIL A % IDBI Bank CRISIL A % Godrej Properties ICRA A % National Bank For Agriculture and Rural Development CRISIL A % Kotak Mahindra Investments Ltd CRISIL AAA 0.12% Standard Chartered Invest & Loans Ltd. CRISIL A % Axis Bank CRISIL A % Rural Electrification Corporation CRISIL AAA 0.08% Tata Capital Financial Services Ltd CRISIL AA+ 0.08% Tata Capital Financial Services Ltd CRISIL AA+ 0.08% IDBI Bank CRISIL A % IDBI Bank CRISIL A % Small Industries Dev Bank of India CARE A % JM Financial ICRA A % IL & FS Education and Technology Services Ltd CARE A % Magma Housing Finance CRISIL A % Kotak Mahindra Investments Ltd CRISIL AAA 0.07% Mahindra & Mahindra Financial Services IND A % Dena Bank CRISIL A % JM Financial Services Ltd ICRA A % Yes Bank ICRA A % Godrej Properties ICRA A % 91 Days Tbill (MD 30/03/2017) SOV 0.01% LIC Housing Finance CRISIL AAA 0.01% Cash & Current Assets 9.11% Life Floating Rate Fund - Short Term Plan Rating % Tata Power Company ICRA A % IndusInd Bank CRISIL A % 56 Days CMB bill (MD 06/03/2017) SOV 5.23% Kotak Mahindra Bank CRISIL A % Power Finance Corporation CRISIL AAA 3.96% L and T Fincorp CARE A % ICRA A % Magma Fincorp CRISIL A % Piramal Enterprises ICRA AA 2.40% Tata Housing Development Co Ltd CARE A % ICRA A % India Infoline Finance Ltd ICRA A % Tata Motors Finance Ltd ICRA A % JM Financial Credit Solution ICRA A % Tata Housing Development Co Ltd CARE A % IL&FS Financial Services Ltd CARE A % Adani Enterprises BWR A % Adani Enterprises BWR A % Sadbhav Engineering CARE A % Adani Enterprises BWR A % ICRA A % Network18 Media & Investments ICRA A % Infina Finance Private CRISIL A % Network18 Media & Investments ICRA A % Bajaj Finance CRISIL A % Magma Housing Finance CRISIL A % Reliance Capital CARE AAA 1.42% Reliance Capital CARE AAA 1.41% Shriram Transport Finance Company IND AA+ 1.20% The South Indian Bank CARE A % IL&FS Financial Services Ltd ICRA A % National Bank For Agriculture and Rural CARE A % Development IL&FS Financial Services Ltd ICRA A % Small Industries Dev Bank of India CARE AAA 0.89% Power Finance Corporation CRISIL AAA 0.60% Sundaram Finance ICRA AA+ 0.60% ICICI Securities Ltd CRISIL A % JM Financial ICRA A % ICICI Bank ICRA A % 91 Days Tbill (MD 23/03/2017) SOV 0.24% LIC Housing Finance CRISIL AAA 0.12% CRISIL AAA 0.12% Vijaya Bank CARE A % 63 Days CMB (MD 14/03/2017) SOV 0.02% Cash & Current Assets 11.17% Life Cash Manager Rating % Tata Power Company ICRA AA 8.62% Reliance Jio Infocomm CRISIL AAA 8.22% National Bank For Agriculture and Rural CRISIL AAA 3.17% Development S.D. Corporation Pvt. Ltd ICRA AA+(SO) 2.95% Small Industries Dev Bank of India CARE AAA 2.83% Tata Capital Financial Services Ltd CRISIL AA+ 2.78% Shriram Transport Finance Company CRISIL AA+ 2.30% CRISIL AAA 2.29% Indiabulls Housing Finance CARE AAA 2.28% Tata Sons Ltd CRISIL AAA 2.27% 8.46% Maharashtra SDL (MD 12/03/2019) SOV 2.14% Export Import Bank of India CRISIL AAA 1.82% Power Finance Corporation CRISIL AAA 1.75% Tata Capital Financial Services Ltd CRISIL AA+ 1.74% Power Finance Corporation CRISIL AAA 1.74% ONGC Petro Additions Ltd CARE AAA(SO) 1.62% Indiabulls Housing Finance CARE AAA 1.62% Cholamandalam Investment and Finance ICRA AA 1.52% Company 8.85% Punjab SDL (MD 09/07/2019) SOV 1.45% 8.46% Rajashthan SDL (18/03/2019) SOV 1.43% 8.39% Rajasthan UDAY Bond SDL (MD SOV 1.42% 15/03/2019) CRISIL AAA 1.40% Fullerton India Credit Co Ltd ICRA AA+ 1.39% Shriram Transport Finance Company CRISIL AA+ 1.39% Cholamandalam Investment and Finance ICRA AA 1.38% Company Piramal Enterprises ICRA AA 1.38% Indiabulls Housing Finance CARE AAA 1.38% 8.67% Punjab SDL (29/10/2019) SOV 1.36% Power Finance Corporation CRISIL AAA 1.27% Tata Motors Finance Ltd CRISIL AA 1.26% Small Industries Dev Bank of India CARE AAA 1.21% Reliance Jio Infocomm CRISIL AAA 1.05% CRISIL AAA 1.05% Cholamandalam Investment and Finance Company ICRA AA 1.04% Nirma Ltd CRISIL AA 1.04% CRISIL AAA 1.04% Shapoorji Pallonji and Company Private Ltd ICRA A % Cholamandalam Investment and Finance Company ICRA AA 1.01% Power Finance Corporation CRISIL AAA 0.98% Tata Capital Financial Services Ltd CRISIL AA+ 0.97% Grand View Estates Pvt Ltd ICRA AA(SO) 0.91% Export Import Bank of India CRISIL AAA 0.90% RKN RETAIL PVT. LTD BWR A-(SO) 0.85% Talwandi Sabo Power Ltd CRISIL AA- (SO) 0.81% Power Finance Corporation CRISIL AAA 0.77% National Bank For Agriculture and Rural Development CRISIL AAA 0.70% Rural Electrification Corporation CRISIL AAA 0.70% National Bank For Agriculture and Rural Development CRISIL AAA 0.69% IDFC Bank ICRA AAA 0.69% 68

85 Portfolio CRISIL AAA 0.69% 8.21% RAJASTHAN SDL SPL ( MD 31/03/2018) SOV 0.69% Barclays Invest & Loans India Ltd ICRA A % Tata Motors Finance Ltd ICRA A % Satin Creditcare Network ICRA A1+(SO) 0.66% Power Finance Corporation CRISIL AAA 0.58% Rural Electrification Corporation CRISIL AAA 0.57% Shriram Transport Finance Company CRISIL AA+ 0.49% Dewan Housing Finance Corporation CARE AAA 0.49% Nabha Power Ltd ICRA AAA(SO) 0.42% Power Finance Corporation CRISIL AAA 0.42% SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.39% Hero Fincorp ICRA AA+ 0.37% 7.86% Rajasthan SPL SDL (MD 23/06/2019) SOV 0.35% CRISIL AAA 0.35% Power Finance Corporation CRISIL AAA 0.35% Reliance Jio Infocomm CRISIL AAA 0.35% Adani Transmission IND AA+ 0.35% Shriram Transport Finance Company CRISIL AA+ 0.35% Piramal Enterprises ICRA AA 0.35% Shapoorji Pallonji and Company Private Ltd ICRA A % Family Credit Ltd CARE A % Tata Capital Financial Services Ltd ICRA AA+ 0.28% ICICI Home Finance Company Ltd CARE AAA 0.25% Vijaya Bank CARE A % Power Grid Corporation of India CRISIL AAA 0.15% Rural Electrification Corporation CRISIL AAA 0.15% Rural Electrification Corporation CRISIL AAA 0.15% Export Import Bank of India CRISIL AAA 0.14% Small Industries Dev Bank of India CARE AAA 0.14% Power Grid Corporation of India CRISIL AAA 0.07% 9.90% West Bangal SDL (MD 01/08/2018) SOV 0.07% 9.86% Kerala SDL (MD 01/08/2018) SOV 0.07% Power Finance Corporation CRISIL AAA 0.07% Shriram Transport Finance Company CRISIL AA+ 0.07% Rural Electrification Corporation CRISIL AAA 0.07% Andhra Bank CARE A % Export Import Bank of India CRISIL A % REC_FLOAT & PAY_6.0575_01/02/2019 HDFCBK 0.00% REC_FLOAT & PAY_6.0575_01/02/2019 ICICIBK 0.00% REC_FLOAT & PAY_6.06_01/02/2019 HDFCBK 0.00% 6.29% Pay Fix & Rec Mibor(03/10/19) HDFCBK 0.00% % Pay Fix & Rec Mibor(03/10/19) HDFCBK -0.01% 6.295% Pay Fix & Rec Mibor(03/10/19) HDFCBK -0.01% Cash & Current Assets 2.33% Life Savings Fund Rating % Reliance Jio Infocomm CRISIL AAA 3.87% Dewan Housing Finance Corporation CARE AAA 2.43% Pune Solapur Expressway Pvt Ltd ICRA A(SO) 1.95% Tata Power Company ICRA AA 1.94% Reliance Jio Infocomm CRISIL AAA 1.84% Power Finance Corporation CRISIL AAA 1.83% Indiabulls Housing Finance CARE AAA 1.78% Power Finance Corporation CRISIL AAA 1.69% Vodafone Mobile Services Ltd IND AAA 1.56% Vodafone Mobile Services Ltd IND AAA 1.49% Power Finance Corporation CARE AAA 1.41% CRISIL AAA 1.39% Hinduja Leyland Finance Ltd CARE A+ 1.39% RKN RETAIL PVT. LTD BWR A-(SO) 1.36% ONGC Petro Additions Ltd CARE AAA(SO) 1.33% CRISIL AAA 1.23% 8.12% GOI (MD 10/12/2020) SOV 1.17% Mahindra & Mahindra Financial Services IND AAA 1.12% Indiabulls Housing Finance CARE AAA 1.11% National Bank For Agriculture and Rural Development CRISIL AAA 1.09% Shriram Transport Finance Company CRISIL AA+ 1.06% TATA Realty & Infrastructure Ltd ICRA A % Dewan Housing Finance Corporation CARE AAA 1.04% 8.46% Maharashtra SDL (MD 03/03/2021) SOV 1.01% Piramal Finance Private ICRA AA 0.98% CRISIL AAA 0.98% ICICI Home Finance Company Ltd ICRA AAA 0.98% 8.48% Odisha SDL (MD 24/02/2021) SOV 0.97% S.D. Corporation Pvt. Ltd ICRA AA+(SO) 0.97% Power Finance Corporation CRISIL AAA 0.94% Export Import Bank of India CRISIL AAA 0.89% ONGC Mangalore Petrochemicals Ltd IND AAA 0.87% Shriram Transport Finance Company IND AA+ 0.86% Indiabulls Housing Finance CARE AAA 0.85% Tata Motors CARE AA+ 0.85% Tata Motors Finance Ltd CRISIL AA 0.84% Cholamandalam Investment and Finance Company ICRA AA 0.84% Cholamandalam Investment and Finance Company ICRA AA 0.84% Piramal Enterprises ICRA AA 0.83% Cholamandalam Investment and Finance Company ICRA A % Tata Motors Finance Ltd ICRA A % Reliance Jio Infocomm CRISIL AAA (SO) 0.79% Housing & Urban Development Corpn. Ltd. CARE AAA 0.78% 8.55% Jammu And Kashmir SDL(MD 17/02/2021) SOV 0.76% Shriram Transport Finance Company IND AA+ 0.75% Power Finance Corporation CRISIL AAA 0.71% Vodafone Mobile Services Ltd IND AAA 0.71% Tata Power Company ICRA AA 0.70% LIC Housing Finance CRISIL AAA 0.70% ECL Finance Ltd ICRA AA 0.67% Nabha Power Ltd ICRA AAA(SO) 0.65% Power Finance Corporation CRISIL AAA 0.65% National Highways Auth Of Ind CRISIL AAA 0.64% Nirma Ltd CRISIL AA 0.64% 8.36% KERLA SDL- ( MD 16/03/2021) SOV 0.62% Power Finance Corporation CRISIL AAA 0.59% Family Credit Ltd CARE A % 8.56% Tamilnadu SDL(MD 22/06/2021) SOV 0.59% Indiabulls Housing Finance CARE AAA 0.58% 8.85% Punjab SDL (MD 09/07/2019) SOV 0.58% 8.39% Rajasthan SDL(MD 15/03/2021) SOV 0.58% CRISIL AAA 0.57% Tata Motors Finance Ltd CRISIL AA 0.56% Power Finance Corporation CRISIL AAA 0.56% Tata Capital Ltd CRISIL AA+ 0.56% Tata Capital Ltd CRISIL AA+ 0.56% Indiabulls Housing Finance CARE AAA 0.56% CRISIL AAA 0.55% Barclays Invest & Loans India Ltd ICRA A % JM Financial Products Ltd ICRA A % Indian Railway Finance Corp Ltd CRISIL AAA 0.54% Hero Fincorp CRISIL A % Kotak Mahindra Prime Ltd CRISIL A % 8.45% Kerala SDL (18/03/2019) SOV 0.52% Barclays Invest & Loans India Ltd ICRA A % Power Finance Corporation CRISIL AAA 0.51% Power Finance Corporation CRISIL AAA 0.48% Power Finance Corporation CRISIL AAA 0.48% Export Import Bank of India CRISIL AAA 0.47% 8.53% Tamilnadu SDL (MD 27/10/2020) SOV 0.44% 8.48% Andhra Pradesh SDL (MD 24/02/2020) SOV 0.44% Tata Capital Financial Services Ltd CRISIL AA+ 0.42% PNB Housing Finance CARE AAA 0.42% Godrej Industries ICRA A % Power Finance Corporation CRISIL AAA 0.41% Adani Transmission IND AA+ 0.39% Power Grid Corporation of India CRISIL AAA 0.39% Shriram Transport Finance Company CRISIL AA+ 0.37% 8.52% Andhra Pradesh SDL (MD 27/10/2020) SOV 0.36% IL & FS Education and Technology Services Ltd IND AA-(SO) 0.36% Standard Chartered Invest & Loans Ltd. CRISIL A % 8.55% Uttar Pradesh SDL (MD 27/10/2020) SOV 0.32% Power Finance Corporation CRISIL AAA 0.32% 8.51% Gujarat SDL(MD 27/10/2020) SOV 0.31% Food Corporation Of India CRISIL AAA (SO) 0.31% LIC Housing Finance CARE AAA 0.31% 8.52% Haryana SDL (MD 17/02/2021) SOV 0.29% 8.52% Rajasthan SDL(MD 17/02/2021) SOV 0.29% 8.53% Puducherry SDL(MD 02/02/2021) SOV 0.29% 8.48% Madhya Pradesh SDL(MD 03/03/2021) SOV 0.29% 8.39% Rajasthan SDL(MD 24/11/2020) SOV 0.29% 8.39% Punjab SDL (MD 05/01/2021) SOV 0.29% Rural Electrification Corporation CRISIL AAA 0.29% 8.25% Rajasthan SDL(MD 20/01/2020) SOV 0.29% 8.46% Rajashthan SDL (18/03/2019) SOV 0.29% CRISIL AAA 0.28% 8.51% Andhra Pradesh SDL (MD 17/02/2021) SOV 0.28% Nabha Power Ltd ICRA AAA(SO) 0.28% Tata Motors Finance Ltd CRISIL AA 0.28% 6.93% Punjab SDL (MD 22/12/2020) SOV 0.28% LIC Housing Finance CRISIL AAA 0.28% Shriram Transport Finance Company IND AA+ 0.28% ICICI Home Finance Company Ltd ICRA AAA 0.28% Indian Railway Finance Corp Ltd CRISIL AAA 0.28% LIC Housing Finance CARE AAA 0.28% 7.68% GOI (MD 15/12/2023) SOV 0.26% National Bank For Agriculture and Rural Development CRISIL AAA 0.26% 8.83% GOI (MD 25/11/2023) SOV 0.25% 8.38% Maharashtra SDL (MD 25/03/2020) SOV 0.23% 8.32% Uttar Pradesh SDL (MD 21/03/2020) SOV 0.23% Tata Motors CARE AA+ 0.22% Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.22% CRISIL AAA 0.22% 8.72% Bihar SDL (MD 25/01/2022) SOV 0.21% Tata Capital Financial Services Ltd CRISIL AA+ 0.21% Reliance Jio Infocomm CRISIL AAA (SO) 0.20% Power Finance Corporation CRISIL AAA 0.20% 8.18% Andhra Pradesh SDL(MD 21/07/2020) SOV 0.19% 8.57% Haryana SDL (MD 13/04/2020) SOV 0.19% Rural Electrification Corporation CRISIL AAA 0.17% 8.53% Maharashtra SDL (MD 27/10/2020) SOV 0.17% 8.19% Uttar Pradesh SDL(MD 07/07/2020) SOV 0.15% Rural Electrification Corporation CRISIL AAA 0.15% 8.51% Kerala SDL (MD 17/02/2021) SOV 0.15% 8.44% Madhya Pradesh SDL (MD 08/12/2020) SOV 0.15% 8.46% Gujarat SDL (MD 03/03/2021) SOV 0.15% 8.47% Puducherry SDL(MD 03/03/2021) SOV 0.15% 8.38% Haryana SDL(MD 16/03/2021) SOV 0.15% 8.35% Gujarat SDL (MD 06/10/2020) SOV 0.15% Power Finance Corporation CRISIL AAA 0.15% Power Finance Corporation CRISIL AAA 0.15% 8.31% Uttar Pradesh SDL(MD 04/10/2019) SOV 0.14% Small Industries Dev Bank of India CARE AAA 0.14% Power Finance Corporation CRISIL AAA 0.14% Power Finance Corporation CRISIL AAA 0.14% Steel Authority of India IND AA 0.14% L & T Infrastructure Finance Co Ltd CARE AA+ 0.14% Cholamandalam Investment and Finance Company ICRA AA 0.14% Sundaram Finance ICRA AA+ 0.14% Life Cash Plus - - Direct Plan 0.14% The South Indian Bank CARE A % Power Finance Corporation CRISIL AAA 0.14% 8.51% Gujrat SDL (MD 17/02/2021) SOV 0.13% 8.51% Haryana SDL(MD 27/10/2020) SOV 0.13% 8.79% GOI (MD 08/11/2021) SOV 0.12% 8.37% Andhra Pradesh SDL (MD 16/03/2021) SOV 0.12% 8.54% Haryana SDL (MD 10/03/2020) SOV 0.12% 8.39% Uttarpradesh SDL(MD 03/02/2020) SOV 0.12% Power Grid Corporation of India CRISIL AAA 0.11% Power Finance Corporation ICRA AAA 0.11% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.11% Indian Railway Finance Corp Ltd CRISIL AAA 0.11% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.11% 8.44% Punjab SDL (MD 10/11/2020) SOV 0.10% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.10% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.09% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.09% 8.66% Tamilnadu SDL (MD 25/01/2022) SOV 0.09% Power Finance Corporation CRISIL AAA 0.09% Power Finance Corporation CRISIL AAA 0.09% 8.74% Rajasthan SDL (MD 11/01/2022) SOV 0.06% 8.72% Maharashtra SDL (MD 11/01/2022) SOV 0.06% 8.72% Tamilnadu SDL (MD 11/01/2022) SOV 0.06% 8.57% West Bengal SDL (MD 16/02/2020) SOV 0.06% 8.52% Himachal Pradesh SDL (MD 10/03/2020) SOV 0.06% 8.49% Bihar SDL (MD 07/10/2019) SOV 0.06% Power Finance Corporation CRISIL AAA 0.06% LIC Housing Finance CRISIL AAA 0.06% 8.31% Gujarat SDL(MD 03/02/2020) SOV 0.06% Bahadur Chand Investments Pvt Ltd ICRA A % 9.09% Tamilnadu SDL (MD 19/10/2021) SOV 0.03% 8.66% Maharashtra SDL (MD 21/09/2021) SOV 0.03% 8.63% Andhra Pradesh SDL(MD 07/09/2021) SOV 0.03% 8.59% Gujrat SDL (MD 24/08/2021) SOV 0.03% 7.80% GOI (MD 03/05/2020). SOV 0.03% Rural Electrification Corporation CRISIL AAA 0.03% 7.85% Andhra Pradesh SDL(MD 22/07/2019) SOV 0.03% Power Grid Corporation of India ICRA AAA 0.02% Kotak Mahindra Bank CRISIL A % Rural Electrification Corporation CRISIL AAA 0.00% REC_6.28 & PAY_FLOAT_18/01/2022 HSBCBK 0.00% % Pay Fix & Rec Mibor(03/10/18) ICICISECPD 0.00% Cash & Current Assets 3.92% Life Floating Rate Fund - Long Term Plan Rating % Shriram Transport Finance Company CRISIL AA+ 2.63% CRISIL AAA 2.62% CRISIL AAA 2.60% Rural Electrification Corporation CRISIL AAA 2.50% Life Cash Plus - - Direct Plan 2.47% Small Industries Dev Bank of India CARE AAA 2.00% 8.27% GOI (MD 09/06/2020) SOV 1.99% Power Finance Corporation CRISIL AAA 1.98% Indiabulls Housing Finance CARE AAA 1.95% Reliance Jio Infocomm CRISIL AAA 1.72% 69

86 Portfolio National Bank For Agriculture and Rural Development CRISIL AAA 1.66% Rural Electrification Corporation CRISIL AAA 1.59% Power Finance Corporation CRISIL AAA 1.59% 8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 1.59% Rural Electrification Corporation CRISIL AAA 1.50% 8.20% GOI (MD 15/02/2022) SOV 1.45% Small Industries Dev Bank of India CARE AAA 1.34% National Bank For Agriculture and Rural Development CRISIL AAA 1.33% Nabha Power Ltd ICRA AAA(SO) 1.32% 7.07% PUNJAB SDL(MD 28/12/2020) SOV 1.31% 8.08% GOI (MD 02/08/2022) SOV 1.31% Shriram Transport Finance Company CRISIL AA+ 1.31% Shriram Transport Finance Company IND AA+ 1.31% National Bank For Agriculture and Rural Development CRISIL AAA 1.30% Kotak Mahindra Prime Ltd CRISIL AAA 1.30% CRISIL AAA 1.29% Export Import Bank of India CRISIL A % National Bank For Agriculture and Rural Development CRISIL A % Reliance Jio Infocomm CRISIL AAA 1.12% Cholamandalam Investment and Finance Company ICRA AA 1.12% Power Finance Corporation CRISIL AAA 1.10% Cholamandalam Investment and Finance Company ICRA AA 1.05% LIC Housing Finance CRISIL AAA 1.00% Vodafone Mobile Services Ltd IND AAA 1.00% CRISIL AAA 0.98% Power Grid Corporation of India CRISIL AAA 0.98% Corporation Bank CRISIL A % ICICI Bank ICRA A % Fullerton India Credit Co Ltd ICRA A % Sundaram Finance CRISIL AA+ 0.91% National Bank For Agriculture and Rural Development CRISIL AAA 0.86% Power Finance Corporation CRISIL AAA 0.79% Vodafone Mobile Services Ltd IND AAA 0.79% UltraTech Cement CRISIL AAA 0.77% Indiabulls Housing Finance CARE AAA 0.76% ONGC Mangalore Petrochemicals Ltd IND AAA 0.69% 8.40% Gujarat SDL (MD 24/11/2020) SOV 0.68% National Bank For Agriculture and Rural Development CRISIL AAA 0.68% LIC Housing Finance CRISIL AAA 0.67% 8.39% Rajasthan UDAY Bond SDL (MD 15/03/2019) SOV 0.67% Rural Electrification Corporation CRISIL AAA 0.67% ONGC Petro Additions Ltd CARE AAA(SO) 0.66% Power Finance Corporation CRISIL AAA 0.66% Power Finance Corporation CRISIL AAA 0.66% Fullerton India Credit Co Ltd ICRA AA+ 0.66% Tata Capital Financial Services Ltd CRISIL AA+ 0.66% National Bank For Agriculture and Rural Development CRISIL AAA 0.65% Tata Capital Ltd CRISIL AA+ 0.65% 6.93% Punjab SDL (MD 22/12/2020) SOV 0.65% Power Finance Corporation CRISIL AAA 0.65% Tata Capital Financial Services Ltd CRISIL AA+ 0.65% HDB Financial Services Ltd CRISIL AAA 0.65% HDB Financial Services Ltd CRISIL AAA 0.65% Sundaram Finance ICRA AA+ 0.65% LIC Housing Finance CARE AAA 0.65% Bajaj Finance CRISIL AAA 0.65% Vijaya Bank CARE A % ICICI Bank ICRA A % ICRA A % 8.41% Andhra Pradesh SDL (MD 27/03/2018) SOV 0.40% Export Import Bank of India CRISIL AAA 0.39% Tata Motors Finance Ltd CRISIL AA 0.35% Hero Fincorp ICRA AA+ 0.35% Kotak Mahindra Prime Ltd CRISIL AAA 0.34% Rural Electrification Corporation CRISIL AAA 0.34% Power Finance Corporation CRISIL AAA 0.34% Power Finance Corporation CRISIL AAA 0.34% Export Import Bank of India CRISIL AAA 0.34% LIC Housing Finance CRISIL AAA 0.34% LIC Housing Finance CRISIL AAA 0.33% CRISIL AAA 0.33% LIC Housing Finance CARE AAA 0.33% CRISIL AAA 0.33% CRISIL AAA 0.33% Reliance Jio Infocomm CRISIL AAA 0.33% 8.39% Rajasthan UDAY Bond SDL (MD 15/03/2018) SOV 0.33% Nabha Power Ltd ICRA AAA(SO) 0.33% CRISIL AAA 0.33% Power Finance Corporation CRISIL AAA 0.33% Power Finance Corporation CRISIL AAA 0.33% Kotak Mahindra Prime Ltd CRISIL AAA 0.33% LIC Housing Finance CARE AAA 0.33% Tata Capital Financial Services Ltd ICRA AA+ 0.33% PNB Housing Finance CARE AAA 0.33% LIC Housing Finance CRISIL AAA 0.33% National Bank For Agriculture and Rural Development CRISIL AAA 0.33% Rural Electrification Corporation CRISIL AAA 0.33% National Highways Auth Of Ind CRISIL AAA 0.33% Tata Capital Financial Services Ltd ICRA AA+ 0.32% Power Finance Corporation CRISIL AAA 0.32% IndusInd Bank CRISIL A % Fullerton India Credit Co Ltd ICRA A % Bajaj Finance CRISIL AAA 0.26% Power Finance Corporation CRISIL AAA 0.26% 6.90% GOI (MD 13/07/2019) SOV 0.26% Rural Electrification Corporation CRISIL AAA 0.23% Rural Electrification Corporation CRISIL AAA 0.20% Rural Electrification Corporation CRISIL AAA 0.20% Power Grid Corporation of India CRISIL AAA 0.20% Rural Electrification Corporation CRISIL AAA 0.20% Power Grid Corporation of India CRISIL AAA 0.20% Tata Sons Ltd CRISIL AAA 0.19% 9.23% Rajasthan SDL (MD 23/11/2021) SOV 0.14% Rural Electrification Corporation CRISIL AAA 0.14% 8.65% Kerala SDL (MD 09/01/2023) SOV 0.14% Export Import Bank of India CRISIL AAA 0.14% LIC Housing Finance CRISIL AAA 0.14% Small Industries Dev Bank of India CARE AAA 0.13% HDB Financial Services Ltd CARE AAA 0.13% Power Finance Corporation CRISIL AAA 0.13% 8.21% Rajasthan SDL(MD 31/03/2020) SOV 0.09% Rural Electrification Corporation CRISIL AAA 0.07% 8.39% Rajasthan SDL(MD 15/03/2020) SOV 0.07% HDB Financial Services Ltd CRISIL AAA 0.07% REC_6.2 & PAY_FLOAT_24/01/2018 HSBCBK 0.00% % Pay Fix & Rec Mibor(27/10/18) HDFCBK 0.00% % Pay Fix & Rec Mibor (10/07/19) HDFCBK 0.00% REC_6.21 & PAY_FLOAT_06/01/2022 HSBCBK 0.00% % Pay Fix & Rec Mibor (04/07/20) HDFCBK 0.00% 6.66% Pay Fix & Rec Mibor (11/05/20) HSBCBK 0.00% 6.66% Pay Fix & Rec Mibor (12/05/20) HSBCBK 0.00% % Pay Fix & Rec Mibor (13/05/20) ICICIBK -0.01% 6.67 Pay Fix & Rec Mibor (12/05/20) ICICISECPD -0.01% % Pay Fix & Rec Mibor (03/05/20) HDFCBK -0.01% 6.69% Pay Fix & Rec Mibor (18/05/20) HSBCBK -0.01% 6.70% Pay Fix & Rec Mibor (17/05/20) HDFCBK -0.01% % Pay Fix & Rec Mibor (15/07/20) ICICISECPD -0.01% 6.66% Pay Fix & Rec Mibor (26/05/19) HSBCBK -0.01% Cash & Current Assets 6.16% Life Enhanced Arbitrage Fund Rating % RBL Bank 7.92% HDFC Bank Ltd 7.70% Yes Bank 5.11% Reliance Industries Ltd 4.80% ICRA A % IDFC Bank ICRA AAA 3.18% Indiabulls Housing Finance Ltd 2.99% Housing Development Finance Corporation Ltd 2.33% Hero Fincorp CRISIL A % ITC Ltd 2.08% Maruti Suzuki India Ltd 2.05% Infosys Ltd 1.87% Hindalco Industries Ltd 1.86% Mahindra & Mahindra Ltd 1.72% Sun Pharmaceuticals Industries Ltd 1.57% Larsen & Toubro Ltd 1.43% JSW Steel Ltd 1.38% Federal Bank Ltd 1.36% Yes Bank Ltd 1.35% Tata Motors Ltd DVR Shares 1.22% Sun TV Network Ltd 1.22% Grasim Industries Ltd 1.19% ICICI Bank Ltd 1.15% LIC Housing Finance CRISIL AAA 1.14% ICRA A % Tata Motors Finance Ltd ICRA A % Tata Motors Ltd 1.09% Aditya Birla Nuvo Ltd 1.06% Bharat Financial Inclusion Ltd 1.06% Axis Bank Ltd 1.03% Cairn India Ltd 1.00% Dish TV India Ltd 0.97% Tata Consultancy Services Ltd 0.96% Aurobindo Pharma Ltd 0.94% Indusind Bank Ltd 0.93% UPL 0.92% IDFC Bank Ltd 0.88% Century Textiles & Industries Ltd 0.88% IDFC Ltd 0.87% Divis Laboratories Ltd 0.83% Tata Steel Ltd 0.82% Kotak Mahindra Bank Ltd 0.82% GMR Infrastructure Ltd 0.74% Eicher Motors Ltd 0.70% India Cements Ltd 0.67% Hindustan Unilever Ltd 0.67% Reliance Infrastructure Ltd 0.65% Reliance Capital Ltd 0.64% United Spirits Ltd 0.63% NCC Ltd 0.63% Castrol India Ltd 0.62% Asian Paints Ltd 0.60% Lupin Ltd 0.59% Britannia Industries Ltd 0.54% Jindal Steel and Power Ltd 0.53% Petronet LNG Ltd 0.45% Tata Capital Housing Finance Ltd CRISIL A % Oil & Natural Gas Corporation Ltd 0.43% Ashok Leyland Ltd 0.39% Zee Entertainment Enterprises Ltd 0.35% Marico Ltd 0.34% Shriram Transport Finance Company Ltd 0.33% Motherson Sumi Systems Ltd 0.32% Dr Reddys Laboratories Ltd 0.31% Reliance Power Ltd 0.31% LIC Housing Finance Ltd 0.31% Dewan Housing Finance Corporation Ltd 0.30% NTPC Ltd 0.30% L and T Finance Holdings Ltd 0.29% IFCI Ltd 0.29% Tata Power Co Ltd 0.28% Hero MotoCorp Ltd 0.28% Bajaj Auto Ltd 0.27% Tata Global Beverages Ltd 0.26% Mahindra & Mahindra Financial Services Ltd 0.25% Adani Ports and Special Economic Zone Ltd 0.24% Bharat Forge Ltd 0.23% Biocon Ltd 0.19% Tech Mahindra Ltd 0.19% IDBI Bank Ltd 0.18% Cipla Ltd 0.17% Bharat Heavy Electricals Ltd 0.17% Bosch Ltd 0.16% Coal India Ltd 0.14% Indian Oil Corporation Ltd 0.14% Reliance Communications Ltd 0.13% IRB Infrastructure Developers Ltd 0.11% Housing Development and Infrastructure Ltd 0.10% Jaiprakash Associates Ltd 0.10% NMDC Ltd 0.10% Arvind Ltd 0.09% Indraprastha Gas Ltd 0.07% Wipro Ltd 0.06% Jet Airways India Ltd 0.06% Power Finance Corporation Ltd 0.04% Indiabulls Real Estate Ltd 0.04% Tata Chemicals Ltd 0.03% Engineers India Ltd 0.00% ENGINERSIN_23/02/ % TATACHEM_23/02/ % IBREALEST_23/02/ % PFC_23/02/ % JETAIRWAYS_23/02/ % WIPRO_23/02/ % IGL_23/02/ % ARVIND_23/02/ % NMDC_23/02/ % JPASSOCIAT_23/02/ % HDIL_23/02/ % IRB_23/02/ % RCOM_23/02/ % IOC_23/02/ % COALINDIA_30/03/ % BOSCHLTD_23/02/ % BHEL_23/02/ % CIPLA_23/02/ % IDBI_23/02/ % TECHM_23/02/ % BIOCON_23/02/ % BHARATFORG_23/02/ % ADANIPORTS_23/02/ % M&MFIN_23/02/ % TATAGLOBAL_23/02/ % BAJAJ-AUTO_23/02/ % HEROMOTOCO_23/02/ % TATAPOWER_23/02/ % IFCI_23/02/ % L&TFH_23/02/ % NTPC_23/02/ % DHFL_23/02/ % LICHSGFIN_23/02/ % RPOWER_23/02/ % DRREDDY_23/02/ % MOTHERSUMI_23/02/ % 70

87 Portfolio SRTRANSFIN_23/02/ % RELIANCE_30/03/ % MARICO_23/02/ % ZEEL_23/02/ % ASHOKLEY_23/02/ % ONGC_23/02/ % PETRONET_23/02/ % JINDALSTEL_23/02/ % BRITANNIA_23/02/ % LUPIN_23/02/ % ASIANPAINT_23/02/ % CASTROLIND_23/02/ % NCC_23/02/ % MCDOWELL-N_23/02/ % RELCAPITAL_23/02/ % RELINFRA_23/02/ % HINDUNILVR_23/02/ % INDIACEM_23/02/ % EICHERMOT_23/02/ % GMRINFRA_23/02/ % KOTAKBANK_23/02/ % TATASTEEL_23/02/ % DIVISLAB_23/02/ % IDFC_23/02/ % CENTURYTEX_23/02/ % IDFCBANK_23/02/ % UPL_23/02/ % INDUSINDBK_23/02/ % AUROPHARMA_23/02/ % TCS_23/02/ % DISHTV_23/02/ % CAIRN_23/02/ % AXISBANK_23/02/ % BHARATFIN_23/02/ % ABIRLANUVO_23/02/ % TATAMOTORS_23/02/ % ICICIBANK_23/02/ % GRASIM_23/02/ % SUNTV_23/02/ % TATAMTRDVR_23/02/ % YESBANK_23/02/ % FEDERALBNK_23/02/ % JSWSTEEL_23/02/ % LT_23/02/ % SUNPHARMA_23/02/ % M&M_23/02/ % HINDALCO_23/02/ % INFY_23/02/ % MARUTI_23/02/ % ITC_23/02/ % HDFC_23/02/ % IBULHSGFIN_23/02/ % RELIANCE_23/02/ % HDFCBANK_23/02/ % Cash & Current Assets 3.90% Net receivables / payables 70.72% Life Short Term Fund Rating % 7.68% GOI (MD 15/12/2023) SOV 9.08% CRISIL AAA 4.00% 8.12% GOI (MD 10/12/2020) SOV 3.89% LIC Housing Finance CRISIL AAA 3.18% Reliance Jio Infocomm CRISIL AAA 2.88% Bajaj Finance IND AAA 2.38% Small Industries Dev Bank of India CARE AAA 2.33% Power Finance Corporation CRISIL AAA 1.95% Power Grid Corporation of India CRISIL AAA 1.78% Power Finance Corporation CRISIL AAA 1.70% 7.49% Punjab SDL (MD 24/08/2021) SOV 1.60% National Bank For Agriculture and Rural Development CRISIL AAA 1.53% Tata Capital Financial Services Ltd CRISIL AA+ 1.49% Mahindra & Mahindra Financial Services IND AAA 1.47% Power Finance Corporation CRISIL AAA 1.45% Reliance Jio Infocomm CRISIL AAA 1.43% Indiabulls Housing Finance CARE AAA 1.40% Tata Motors Finance Ltd ICRA A % 8.51% Gujarat SDL(MD 27/10/2020) SOV 1.24% Small Industries Dev Bank of India CARE AAA 1.21% ONGC Petro Additions Ltd CARE AAA(SO) 1.20% Power Finance Corporation CRISIL AAA 1.20% CRISIL AAA 1.17% Kotak Mahindra Prime Ltd CRISIL AAA 1.04% Shriram Transport Finance Company CRISIL AA+ 1.04% Rural Electrification Corporation CRISIL AAA 1.02% Tata Capital Financial Services Ltd ICRA AA+ 1.00% Indiabulls Housing Finance CARE AAA 0.94% Vodafone Mobile Services Ltd IND AAA 0.90% UltraTech Cement CRISIL AAA 0.90% CRISIL AAA 0.89% Hero Fincorp ICRA AA+ 0.88% CRISIL AAA 0.88% UltraTech Cement CRISIL AAA 0.82% Food Corporation Of India CRISIL AAA (SO) 0.79% Rural Electrification Corporation CRISIL AAA 0.77% Tata Capital Financial Services Ltd ICRA AA+ 0.74% Power Grid Corporation of India CRISIL AAA 0.72% 7.5% Odisha SDL(MD 09/08/2021) SOV 0.70% Food Corporation Of India CRISIL AAA(SO) 0.63% 8.93% Punjab SDL (MD 23/07/19) SOV 0.62% Reliance Jio Infocomm CRISIL AAA 0.61% 8.46% Rajashthan SDL (18/03/2019) SOV 0.61% 8.46% Maharashtra SDL (MD 12/03/2019) SOV 0.61% Tata Capital Ltd CRISIL AA+ 0.59% National Highways Auth Of Ind CRISIL AAA 0.59% ICICI Home Finance Company Ltd ICRA AAA 0.59% Indiabulls Housing Finance CARE AAA 0.59% HDB Financial Services Ltd CRISIL AAA 0.59% % Pay Fix & Rec Mibor (08/09/2018) HDFCBK 0.59% Tata Power Company ICRA AA 0.59% Tata Capital Housing Finance Ltd CRISIL AA+ 0.56% 8.52% Punjab SDL (MD 17/02/2021) SOV 0.54% Aditya Birla Nuvo ICRA AA+ 0.54% IDFC Bank ICRA AAA 0.54% Power Finance Corporation CRISIL AAA 0.54% 8.45% Kerala SDL (18/03/2019) SOV 0.52% 8.95% Maharashtra SDL (MD 07/03/2022) SOV 0.48% Cholamandalam Investment and Finance Company ICRA AA 0.48% 8.53% Maharashtra SDL (MD 27/10/2020) SOV 0.47% Power Finance Corporation CRISIL AAA 0.46% LIC Housing Finance CRISIL AAA 0.45% Rural Electrification Corporation CRISIL AAA 0.45% 7.07% PUNJAB SDL(MD 28/12/2020) SOV 0.45% PNB Housing Finance CARE AAA 0.44% Power Finance Corporation CRISIL AAA 0.44% Powergrid Vizag Transmission CRISIL AAA (SO) 0.43% Tata Capital Financial Services Ltd ICRA AA+ 0.42% Power Grid Corporation of India CRISIL AAA 0.41% CRISIL AAA 0.39% Cholamandalam Investment and Finance Company ICRA AA 0.39% IDFC Bank ICRA AAA 0.38% Tata Capital Financial Services Ltd ICRA AA+ 0.38% IDFC Bank ICRA AAA 0.37% Shriram Transport Finance Company CRISIL AA+ 0.37% Tata Capital Housing Finance Ltd CRISIL AA+ 0.36% 8.65% Karnataka SDL(MD 25/01/2022) SOV 0.31% 8.20% GOI (MD 15/02/2022) SOV 0.31% 8.32% Gujrat SDL (MD 04/08/2020) SOV 0.31% 8.19% GOI (MD 16/01/2020) SOV 0.31% 8.48% Maharashtra SDL (MD 24/02/2020) SOV 0.31% Rural Electrification Corporation CRISIL AAA 0.31% LIC Housing Finance CARE AAA 0.30% CRISIL AAA 0.30% Power Finance Corporation CRISIL AAA 0.30% National Bank For Agriculture and Rural Development CRISIL AAA 0.30% Tata Capital Ltd CRISIL AA+ 0.30% Kotak Mahindra Prime Ltd CRISIL AAA 0.29% National Bank For Agriculture and Rural Development CRISIL AAA 0.29% Life Cash Plus - - Direct Plan 0.29% HDB Financial Services Ltd CRISIL AAA 0.29% 8.08% GOI (MD 02/08/2022) SOV 0.28% 8.67% Andhra Pradesh SDL(MD 26/05/2021) SOV 0.27% Rural Electrification Corporation CRISIL AAA 0.27% 8.42% Himachal Pradesh SDL (MD 16/03/2021) SOV 0.25% 6.93% Punjab SDL (MD 22/12/2020) SOV 0.24% 8.39% MAHARASHTRA SDL (08/09/2020) SOV 0.23% Power Finance Corporation CRISIL AAA 0.21% Cholamandalam Investment and Finance Company ICRA AA 0.21% Power Finance Corporation CRISIL AAA 0.19% Power Finance Corporation CRISIL AAA 0.18% Cholamandalam Investment and Finance Company ICRA AA 0.18% 8.40% Gujarat SDL (MD 24/11/2020) SOV 0.17% Rural Electrification Corporation CRISIL AAA 0.16% Hero Fincorp ICRA AA+ 0.16% 8.60% Maharashtra SDL (MD 20/07/2021) SOV 0.16% 8.53% Andhra Pradesh SDL (MD 19/01/2021) SOV 0.16% 8.38% Haryana SDL(MD 16/03/2021) SOV 0.15% 8.42% Maharashtra SDL (MD 25/08/2020) SOV 0.15% 8.35% Gujarat SDL (MD 06/10/2020) SOV 0.15% 8.38% Gujarat SDL (MD 05/01/2021) SOV 0.15% 8.32% Uttar Pradesh SDL (MD 21/03/2020) SOV 0.15% Export Import Bank of India CRISIL AAA 0.15% Power Finance Corporation CRISIL AAA 0.15% CRISIL AAA 0.15% CRISIL AAA 0.15% Shriram Transport Finance Company CRISIL AA+ 0.15% CRISIL AAA 0.15% Power Finance Corporation CRISIL AAA 0.15% Tata Sons Ltd CRISIL AAA 0.15% 8.38% Gujarat SDL (MD 22/09/2020) SOV 0.15% 8.44% Rajasthan SDL (25/08/2020) SOV 0.13% Rural Electrification Corporation CRISIL AAA 0.12% Power Finance Corporation CRISIL AAA 0.12% Power Finance Corporation CRISIL AAA 0.10% 8.08% Odisha SDL ( MD 11/03/2020) SOV 0.10% IDFC Bank ICRA AAA 0.09% LIC Housing Finance CRISIL AAA 0.07% 8.39% Punjab SDL (MD 05/01/2021) SOV 0.07% Tata Capital Financial Services Ltd ICRA AA+ 0.07% 8.79% GOI (MD 08/11/2021) SOV 0.06% 8.27% GOI (MD 09/06/2020) SOV 0.06% 8.39% Rajasthan SDL(MD 15/03/2021) SOV 0.06% 7.8% GOI (MD 11/04/2021) SOV 0.06% Power Finance Corporation CRISIL AAA 0.06% HDB Financial Services Ltd CARE AAA 0.06% 8.21% RAJASTHAN SDL SPL ( MD 31/03/2018) SOV 0.06% Tata Capital Financial Services Ltd CRISIL AA+ 0.06% Shriram Transport Finance Company CRISIL AA+ 0.04% 8.99% Gujrat SDL (MD 14/03/2022) SOV 0.03% 8.97% Andhra Pradesh SDL (MD 07/03/2022) SOV 0.03% 8.92% Karnatka SDL (MD 07/03/2022) SOV 0.03% 8.72% Andhra Pradesh SDL (MD 11/01/2022) SOV 0.03% 8.69% Karnatak SDL (MD 08/02/2022) SOV 0.03% Power Finance Corporation CRISIL AAA 0.03% 8.44% Punjab SDL (MD 10/11/2020) SOV 0.03% GOI 7.94PCT 24/05/2021 SOV 0.03% 8.43% Kerala SDL (MD 10/11/2020) SOV 0.03% 8.35% Andhra Pradesh SDL (MD 22/12/2020) SOV 0.03% 8.37% Goa SDL (MD 06/10/2020) SOV 0.03% Power Finance Corporation CRISIL AAA 0.03% Power Finance Corporation CRISIL AAA 0.03% 7.80% GOI (MD 03/05/2020). SOV 0.03% Power Finance Corporation CRISIL AAA 0.03% 6.84% GOI (MD 19/12/2022) SOV 0.03% Rural Electrification Corporation CRISIL AAA 0.03% Sundaram Finance ICRA AA+ 0.02% Power Finance Corporation CRISIL AAA 0.01% Rural Electrification Corporation CRISIL AAA 0.01% 8.65% Haryana SDL(MD 11/05/2021) SOV 0.01% Rural Electrification Corporation CRISIL AAA 0.01% Rural Electrification Corporation CRISIL AAA 0.01% National Bank For Agriculture and Rural Development CRISIL AAA 0.00% REC_ & PAY_FLOAT_31/01/2022 HSBCBK 0.00% 6.285% Pay Fix & Rec Mibor(03/10/18) HDFCBK 0.00% % Pay Fix & Rec Mibor (14/09/2018) ICICIBK 0.00% % Pay Fix & Rec Mibor (08/09/2018) HDFCBK -0.59% Cash & Current Assets 5.35% Life Short Term Opportunities Fund Rating % 6.79% GOI (MD 26/12/2029) SOV 9.40% 8.83% GOI (MD 25/11/2023) SOV 7.62% 7.61% GOI(MD 09/05/2030) SOV 6.62% Reliance Ports and Terminals Ltd CRISIL AAA 4.43% Tata Motors Finance Ltd CRISIL AA 2.92% Tata Motors Finance Solutions Ltd CRISIL AA 2.72% Tata Power Company CARE AA 2.72% Tata Capital Financial Services Ltd CRISIL AA+ 2.67% 7.35% GOI (MD 22/06/2024) SOV 2.59% 8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 2.56% 8.79% GOI (MD 08/11/2021) SOV 2.52% Indiabulls Housing Finance CARE AAA 2.51% Tata Motors CARE AA+ 2.39% 7.59% GOI(MD 11/01/2026) SOV 2.38% Reliance Ports and Terminals Ltd CRISIL AAA 2.22% Reliance Utilities & Power Pvt Ltd CRISIL AAA 2.14% Dewan Housing Finance Corporation CARE AAA 1.92% Cholamandalam Investment and Finance Company ICRA AA 1.90% TATA Realty & Infrastructure Ltd CRISIL AA 1.82% Adani Transmission IND AA+ 1.80% Cholamandalam Investment and Finance Company ICRA AA 1.61% Power Grid Corporation of India ICRA AAA 1.57% Reliance Jio Infocomm CRISIL AAA 1.36% Nirchem Cement CRISIL AA 1.35% Power Finance Corporation CRISIL AAA 1.33% Dewan Housing Finance Corporation CARE AAA 1.18% Bahadur Chand Investments Pvt Ltd ICRA A % Indiabulls Housing Finance CARE AAA 1.16% 8.95% Maharashtra SDL (MD 07/03/2022) SOV 1.06% CRISIL AAA 0.99% Cholamandalam Investment and Finance Company ICRA AA 0.96% Cholamandalam Investment and Finance Company ICRA AA 0.95% 8.25% Himachal Pradesh SDL(MD 20/01/2020) SOV 0.93% Reliance Jio Infocomm CRISIL AAA 0.92% 71

88 Portfolio Cholamandalam Investment and Finance CRISIL AAA ICRA AA 0.90% Reliance Jio Infocomm Company (SO) 0.60% Piramal Enterprises ICRA AA 0.90% 8.97% GOI (MD 05/12/2030) SOV 0.60% 7.68% GOI (MD 15/12/2023) SOV 0.85% Tata Capital Financial Services Ltd CRISIL AA+ 0.59% CRISIL AAA 0.71% LIC Housing Finance CRISIL AAA 0.59% Reliance Jio Infocomm CRISIL AAA 0.58% 6.97% GOI (MD 06/09/2026) SOV 0.65% Cholamandalam Investment and Finance Tata Motors Finance Ltd CRISIL AA 0.54% ICRA AA 0.58% Company Cholamandalam Investment and Finance ICRA AA 0.48% PNB Housing Finance CARE AAA 0.58% Company Power Grid Corporation of India CRISIL AAA 0.58% Cholamandalam Investment and Finance ICRA AA 0.47% National Highways Auth Of Ind CRISIL AAA 0.57% Company Indiabulls Housing Finance CARE AAA 0.57% 8.36% Gujarat SDL(MD 16/03/2021) SOV 0.47% Kotak Mahindra Prime Ltd CRISIL AAA 0.57% Reliance Utilities & Power Pvt Ltd CRISIL AAA 0.47% HDB Financial Services Ltd CRISIL AAA 0.55% Cholamandalam Investment and Finance ICRA AA 0.46% CRISIL AAA Company Powergrid Vizag Transmission 0.54% (SO) LIC Housing Finance CRISIL AAA 0.46% NTPC CRISIL AAA 0.51% Indian Railway Finance Corp Ltd CRISIL AAA 0.46% 8.20% GOI (MD 15/02/2022) SOV 0.49% LIC Housing Finance CRISIL AAA 0.46% LIC Housing Finance CRISIL AAA 0.46% Power Finance Corporation CRISIL AAA 0.45% 8.60% GOI (MD 02/06/2028) SOV 0.45% Shriram Transport Finance Company CRISIL AA+ 0.45% Shriram Transport Finance Company CRISIL AA+ 0.45% CRISIL AAA 0.42% Indiabulls Housing Finance CARE AAA 0.45% Nabha Power Ltd ICRA AAA(SO) 0.40% Shriram Transport Finance Company CRISIL AA+ 0.39% Shriram Transport Finance Company CRISIL AA+ 0.40% Oriental Bank of Commerce ICRA AA 0.37% Indiabulls Housing Finance CARE AAA 0.40% Power Finance Corporation CRISIL AAA 0.36% Indiabulls Housing Finance CARE AAA 0.40% Export Import Bank of India CRISIL AAA 0.36% SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.39% 7.88% GOI (MD 19/03/2030) SOV 0.29% IDFC Bank ICRA AAA 0.37% Cholamandalam Investment and Finance ICRA AA 0.29% SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.36% Company 7.68% GOI (MD 15/12/2023) SOV 0.36% 8.08% GOI (MD 02/08/2022) SOV 0.28% 8.35% Gujarat SDL (MD 06/10/2020) SOV 0.36% Cholamandalam Investment and Finance ICRA AA 0.28% SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.36% Company SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.34% Power Finance Corporation CRISIL AAA 0.27% SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.34% Cholamandalam Investment and Finance ICRA AA 0.26% SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.32% Company 8.70% Uttar Pradesh SDL (MD 04/10/2020) SOV 0.30% Reliance Jio Infocomm CRISIL AAA 0.19% 8.27% GOI (MD 09/06/2020) SOV 0.30% IDBI Bank ICRA AA 0.09% 8.12% GOI (MD 10/12/2020) SOV 0.30% CRISIL AAA Powergrid Vizag Transmission 0.09% Cholamandalam Investment and Finance (SO) ICRA AA 0.30% Company NTPC CRISIL AAA 0.09% 8.37% Punjab SDL (MD 22/09/2020) SOV 0.30% 7.59% GOI (MD 20/03/2029) SOV 0.08% Power Finance Corporation CRISIL AAA 0.30% Power Finance Corporation CRISIL AAA 0.05% 8.53% Maharashtra SDL (MD 27/10/2020) SOV 0.29% India Infradebt Ltd CRISIL AAA 0.04% LIC Housing Finance CRISIL AAA 0.29% HDB Financial Services Ltd CRISIL AAA 0.04% Power Finance Corporation CRISIL AAA 0.29% Power Finance Corporation CRISIL AAA 0.02% Shriram Transport Finance Company CRISIL AA+ 0.29% Rural Electrification Corporation CRISIL AAA 0.01% REC_ & PAY_FLOAT_27/01/2022 Fullerton India Credit Co Ltd CARE AAA 0.28% 0.00% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.26% HSBCBK Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.26% Cash & Current Assets 3.66% 9.15% GOI (MD 14/11/2024) 8.24% GOI (MD 10/11/2033) SOV SOV 0.26% 0.25% Life Treasury Optimizer Plan Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.25% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.24% Rating % Power Finance Corporation CARE AAA 0.24% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.23% 8.15% GOI (MD 11/06/2022) Essel Lucknow Raebareli Toll Roads SOV CARE AAA(SO) 0.24% 0.24% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.18% Power Grid Corporation of India ICRA AAA 0.18% Power Finance Corporation CRISIL AAA 0.17% IDFC Bank ICRA AAA 0.17% India Infradebt Ltd CRISIL AAA 0.16% 8.08% GOI (MD 02/08/2022) SOV 0.12% Power Finance Corporation CRISIL AAA 0.12% 6.84% GOI (MD 19/12/2022) SOV 0.12% Tata Motors CARE AA+ 0.11% 8.83% GOI (MD 25/11/2023) SOV 9.57% 6.79% GOI (MD 26/12/2029) SOV 6.83% 7.61% GOI(MD 09/05/2030) SOV 6.83% 7.59% GOI (MD 20/03/2029) SOV 4.41% Dewan Housing Finance Corporation CARE AAA 2.72% 7.88% GOI (MD 19/03/2030) SOV 2.65% Reliance Jio Infocomm CRISIL AAA 2.58% 7.07% PUNJAB SDL(MD 28/12/2020) SOV 2.28% 8.79% GOI (MD 08/11/2021) SOV 2.24% 7.59% GOI(MD 11/01/2026) SOV 2.02% Fullerton India Credit Co Ltd ICRA A % Reliance Jio Infocomm CRISIL AAA 1.76% Indiabulls Housing Finance CARE AAA 1.74% Tata Capital Financial Services Ltd CRISIL AA+ 1.71% Reliance Ports and Terminals Ltd CRISIL AAA 1.70% Dewan Housing Finance Corporation CARE AAA 1.44% Reliance Utilities & Power Pvt Ltd CRISIL AAA 1.39% Indiabulls Housing Finance CARE AAA 1.34% Tata Capital Housing Finance Ltd CRISIL AA+ 1.31% Cholamandalam Investment and Finance Company ICRA AA 1.16% Tata Capital Financial Services Ltd CRISIL AA+ 1.15% LIC Housing Finance CRISIL AAA 1.15% Aditya Birla Housing Finance Ltd. ICRA AA+ 1.14% Tata Motors Finance Ltd CRISIL AA 1.10% Hero Fincorp ICRA AA+ 0.92% Cholamandalam Investment and Finance Company ICRA AA 0.88% Shriram Transport Finance Company CRISIL AA+ 0.87% Rural Electrification Corporation CRISIL AAA 0.84% Cholamandalam Investment and Finance Company ICRA A % 8.51% Haryana SDL(MD 27/10/2020) SOV 0.79% 7.35% GOI (MD 22/06/2024) SOV 0.77% LIC Housing Finance CRISIL AAA 0.77% Rural Electrification Corporation CRISIL AAA 0.71% 9.23% GOI (MD 23/12/2043) SOV 0.70% Shriram Transport Finance Company CRISIL AA+ 0.69% CRISIL AAA 0.68% 8.17% GOI (MD 01/12/2044) SOV 0.64% Food Corporation Of India CRISIL AAA (SO) 0.64% 7.73% GOI (MD 19/12/2034) SOV 0.61% 8.50% Punjab SDL(MD 27/10/2020) SOV 0.60% IOT Utkal Energy Services CRISIL AAA (SO) 0.07% 8.13% GOI (MD 22/06/2045) SOV 0.06% 8.33% GOI 2026 (M/D 09/07/2026) SOV 0.06% Tata Motors Finance Ltd CRISIL AA 0.06% 8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 0.06% 8.39% Rajasthan Special SDL(MD 15/03/2022) SOV 0.06% 8.56% Punjab SDL(MD 13/04/2020) SOV 0.06% 8.19% GOI (MD 16/01/2020) SOV 0.06% Power Finance Corporation CRISIL AAA 0.06% Export Import Bank of India CRISIL AAA 0.06% IOT Utkal Energy Services IOT Utkal Energy Services IOT Utkal Energy Services IOT Utkal Energy Services IOT Utkal Energy Services IOT Utkal Energy Services IOT Utkal Energy Services IOT Utkal Energy Services IOT Utkal Energy Services IOT Utkal Energy Services IOT Utkal Energy Services CRISIL AAA (SO) CRISIL AAA (SO) CRISIL AAA (SO) CRISIL AAA (SO) CRISIL AAA (SO) CRISIL AAA (SO) CRISIL AAA (SO) CRISIL AAA (SO) CRISIL AAA (SO) CRISIL AAA (SO) CRISIL AAA (SO) 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.04% IOT Utkal Energy Services CRISIL AAA (SO) 0.04% IOT Utkal Energy Services CRISIL AAA (SO) 0.04% IOT Utkal Energy Services CRISIL AAA (SO) 0.04% IOT Utkal Energy Services CRISIL AAA (SO) 0.04% IOT Utkal Energy Services CRISIL AAA (SO) 0.04% IOT Utkal Energy Services CRISIL AAA (SO) 0.04% IOT Utkal Energy Services CRISIL AAA (SO) 0.04% IOT Utkal Energy Services CRISIL AAA (SO) 0.04% IOT Utkal Energy Services CRISIL AAA (SO) 0.04% Rural Electrification Corporation CRISIL AAA 0.03% Nabha Power Ltd ICRA AAA(SO) 0.02% IOT Utkal Energy Services CRISIL AAA (SO) 0.02% Cash & Current Assets 2.63% Life Medium Term Plan Rating % 6.79% GOI (MD 26/12/2029) SOV 9.85% 7.59% GOI (MD 20/03/2029) SOV 6.09% Piramal Finance Private ICRA AA 5.46% Adani Transmission IND AA+ 5.10% Sansar Trust IND AAA(SO) 3.51% RHC Holding Pvt Ltd CARE A(SO) 2.85% S.D. Corporation Pvt. Ltd ICRA AA(SO) 2.84% 7.68% GOI (MD 15/12/2023) SOV 2.45% Relationships Properties Pvt Ltd CARE AA-(SO) 2.35% Adani Power BWR AA-(SO) 2.19% Systemtrac Traders Private ICRA AA-(SO) 2.12% Tata Motors Finance Solutions Ltd CRISIL AA 2.09% Adani Power BWR AA-(SO) 2.07% 8.17% GOI (MD 01/12/2044) SOV 2.01% 8.13% GOI (MD 22/06/2045) SOV 2.00% Indiabulls Properties Private CARE AA-(SO) 1.95% RKN RETAIL PVT. LTD BWR A-(SO) 1.89% IL & FS Education and Technology Services Ltd IND AA-(SO) 1.84% Indiabulls Housing Finance CARE AAA 1.80% 7.61% GOI(MD 09/05/2030) SOV 1.69% ISTD Loan Trust IND AA+(SO) 1.59% Tata Motors Finance Ltd CRISIL AA 1.56% Writers & Publishers Pvt Ltd BWR AA-(SO) 1.55% L&T Vadodara Bharuch Tollway IND A 1.54% MFL Securitisation Trust IND AAA(SO) 1.51% TATA Realty & Infrastructure Ltd CRISIL AA 1.50% Mkhitaryan SBL IFMR Capital 2016 IND A+(SO) 1.47% Dewan Housing Finance Corporation CARE AAA 1.31% Dewan Housing Finance Corporation CARE AAA 1.25% IDBI Bank ICRA A+ 1.23% Hero Realty Ltd ICRA A+(SO) 1.05% Indiabulls Housing Finance CARE AAA 1.03% Life Cash Plus - - Direct Plan 1.03% Bank of India BWR AA- 1.01% Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 1.00% Tanglin Development BWR A-(SO) 0.93% Sansar Trust CRISIL AAA (SO) 0.91% Indiabulls Housing Finance CARE AAA 0.88% High Point Properties Private ICRA AA(SO) 0.78% Millenia Realtors Private UNRATED 0.76% Tata Power Renewable Energy Ltd CARE AA 0.73% 9.23% GOI (MD 23/12/2043) SOV 0.70% Syndicate Bank CARE AA- 0.70% 7.88% GOI (MD 19/03/2030) SOV 0.67% Coffee Day Enterprises BWR AA-(SO) 0.63% Hero Realty Ltd UNRATED 0.62% Hinduja Leyland Finance Ltd CARE A+ 0.62% 7.73% GOI (MD 19/12/2034) SOV 0.60% Oriental Bank of Commerce IND A+ 0.58% 7.06% GOI (MD10/10/2046) SOV 0.57% Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.56% Grand View Estates Pvt Ltd ICRA AA(SO) 0.53% CRISIL AAA 0.51% Coffee Day Enterprises BWR AA-(SO) 0.37% Syndicate Bank CARE AA- 0.35% Sansar Trust CRISIL AAA (SO) 0.32% Edelweiss Finance & Investments LTD ICRA AA 0.32% Edelweiss Retail Finance Ltd ICRA AA 0.31% Sansar Trust CRISIL AAA (SO) 0.30% 8.24% GOI (MD 10/11/2033) SOV 0.28% 7.59% GOI(MD 11/01/2026) SOV 0.27% CRISIL AAA 0.26% 7.25% Maharashtra SDL (MD 28/12/2026) SOV 0.26% Shriram Transport Finance Company IND AA+ 0.15% Vedanta CRISIL AA- 0.10% 72

89 Portfolio Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.06% 8.20% GOI (MD 15/02/2022) SOV 0.05% Kotak Mahindra Prime Ltd CRISIL AAA 0.01% 6.97% GOI (MD 06/09/2026) SOV 0.00% LIC Housing Finance CRISIL AAA 0.00% Cash & Current Assets 2.54% Life Corporate Bond Fund Rating % Adani Transmission IND AA+ 5.50% Systemtrac Traders Private ICRA AA-(SO) 4.09% Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 4.05% Piramal Finance Private ICRA AA 3.33% Adani Power BWR AA-(SO) 3.33% High Point Properties Private ICRA AA(SO) 3.18% L&T Vadodara Bharuch Tollway IND A 3.15% Writers & Publishers Pvt Ltd BWR AA-(SO) 3.15% Pune Solapur Expressway Pvt Ltd ICRA A(SO) 3.14% Grand View Estates Pvt Ltd ICRA AA(SO) 2.55% Hero Realty Ltd UNRATED 2.53% Rural Electrification Corporation CRISIL AAA 2.52% Reliance Ports and Terminals Ltd CRISIL AAA 2.49% Power Grid Corporation of India CRISIL AAA 2.21% Indiabulls Housing Finance CARE AAA 2.20% Dewan Housing Finance Corporation CARE AAA 2.04% S.D. Corporation Pvt. Ltd ICRA AA(SO) 1.92% Tata Power Renewable Energy Ltd CARE AA 1.91% Tanglin Development BWR A-(SO) 1.89% IDBI Bank ICRA A+ 1.87% Export Import Bank of India CRISIL AAA 1.69% Power Finance Corporation CRISIL AAA 1.68% IL & FS Education and Technology Services Ltd IND AA-(SO) 1.62% HDFC Bank CRISIL AAA 1.60% CRISIL AAA 1.60% Coffee Day Enterprises BWR AA-(SO) 1.59% National Highways Auth Of Ind CRISIL AAA 1.58% Power Finance Corporation CRISIL AAA 1.57% Millenia Realtors Private UNRATED 1.55% Oriental Bank of Commerce IND A+ 1.28% CRISIL AAA 1.27% Power Finance Corporation CRISIL AAA 1.27% Nabha Power Ltd ICRA AAA(SO) 1.06% Bank of India BWR AA- 1.05% Syndicate Bank CARE AA- 0.98% Power Finance Corporation CRISIL AAA 0.97% Dewan Housing Finance Corporation CARE AAA 0.95% JM Financial Credit Solution ICRA AA 0.95% Indiabulls Housing Finance CARE AAA 0.94% IL & FS Education and Technology Services Ltd IND AA-(SO) 0.77% Syndicate Bank CARE AA- 0.65% Food Corporation Of India CRISIL AAA (SO) 0.35% Rural Electrification Corporation CARE AAA 0.33% NTPC CRISIL AAA 0.00% REC_ & PAY_FLOAT_20/01/2022 HDFCBK 0.00% REC_ & PAY_FLOAT_19/01/2022 ICICIBK 0.00% REC_6.255 & PAY_FLOAT_18/01/2022 ICICIBK 0.00% REC_6.25 & PAY_FLOAT_18/01/2022 HDFCBK -0.01% REC_6.22 & PAY_FLOAT_12/01/2022 HDFCBK -0.01% Cash & Current Assets 15.69% Life Dynamic Bond Fund Rating % 8.13% GOI (MD 22/06/2045) SOV 46.14% 8.17% GOI (MD 01/12/2044) SOV 6.58% 6.79% GOI (MD 26/12/2029) SOV 6.01% 7.61% GOI(MD 09/05/2030) SOV 5.76% Piramal Finance Private ICRA AA 3.07% Tata Motors Finance Ltd CRISIL AA 2.45% Shriram Transport Finance Company CRISIL AA+ 2.44% Indiabulls Housing Finance CARE AAA 2.09% Edelweiss Commodities Services Ltd ICRA AA 1.97% 8.30% GOI (MD 02/07/2040) SOV 1.94% Dewan Housing Finance Corporation CARE AAA 1.82% Adani Power BWR AA-(SO) 1.37% 7.72% GOI (MD 26/10/2055) SOV 1.28% Reliance Ports and Terminals Ltd CRISIL AAA 1.18% Edelweiss Finance & Investments LTD ICRA AA 0.98% Tata Motors Finance Solutions Ltd CRISIL AA 0.98% Sansar Trust CRISIL AAA (SO) 0.97% Indiabulls Housing Finance CARE AAA 0.96% Indiabulls Properties Private CARE AA-(SO) 0.95% Hinduja Leyland Finance Ltd CARE A+ 0.90% Shriram Transport Finance Company CRISIL AA+ 0.81% Adani Power BWR AA-(SO) 0.75% JM Financial Credit Solution ICRA AA 0.65% Adani Transmission IND AA+ 0.56% JM Financial Credit Solution ICRA AA 0.55% ECL Finance Ltd ICRA AA 0.55% Indiabulls Housing Finance CARE AAA 0.49% Nirchem Cement CRISIL AA 0.49% Bahadur Chand Investments Pvt Ltd ICRA AA 0.48% 8.97% GOI (MD 05/12/2030) SOV 0.37% Adani Transmission IND AA+ 0.36% Sansar Trust IND AAA(SO) 0.35% Indiabulls Housing Finance CARE AAA 0.33% Cholamandalam Investment and Finance Company ICRA AA 0.32% Tata Capital Financial Services Ltd CRISIL AA+ 0.09% Power Grid Corporation of India CRISIL AAA 0.03% 7.29% West Bengal SDL (MD 28/12/2026) SOV 0.03% 7.96% Gujarat SDL (14/10/2025) SOV 0.03% 8.08% GOI (MD 02/08/2022) SOV 0.02% 8.15% GOI (MD 24/11/2026) SOV 0.02% Syndicate Bank CARE AA- 0.01% 8.35% GOI (MD 14/05/2022) SOV 0.01% 9.20% GOI (MD 30/09/2030) SOV 0.01% Rural Electrification Corporation CRISIL AAA 0.01% 9.40% Madhya Pradesh SDL (MD 30/01/2024) SOV 0.00% 7.68% GOI (MD 15/12/2023) SOV 0.00% 7.35% GOI (MD 22/06/2024) SOV 0.00% 9.23% GOI (MD 23/12/2043) SOV 0.00% 8.33% GOI 2036 (07/06/2036) SOV 0.00% 7.96% Maharashtra SDL (14/10/2025) SOV 0.00% 6.97% GOI (MD 06/09/2026) SOV 0.00% 7.88% GOI (MD 19/03/2030) SOV 0.00% Life Cash Plus - - Direct Plan 0.00% REC_6.22 & PAY_FLOAT_09/01/2022 HSBCBK 0.00% REC_6.22 & PAY_FLOAT_11/01/2022 HDFCBK 0.00% REC_6.215 & PAY_FLOAT_13/01/ % HDFCBK Cash & Current Assets 2.82% Life Income Plus Rating % 6.79% GOI (MD 26/12/2029) SOV 34.64% 7.73% GOI (MD 19/12/2034) SOV 15.74% 8.13% GOI (MD 22/06/2045) SOV 7.60% 8.17% GOI (MD 01/12/2044) SOV 7.13% Bajaj Finance CARE AAA 5.31% Reliance Ports and Terminals Ltd CRISIL AAA 5.04% NTPC CRISIL AAA 4.41% Life Cash Plus - - Direct Plan 4.40% 9.23% GOI (MD 23/12/2043) SOV 3.53% 8.30% GOI (MD 02/07/2040) SOV 1.72% 7.59% GOI(MD 11/01/2026) SOV 1.21% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 1.18% 6.97% GOI (MD 06/09/2026) SOV 1.14% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 1.14% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 1.11% Power Finance Corporation CRISIL AAA 0.67% Essel Lucknow Raebareli Toll Roads CARE AAA(SO) 0.38% 8.21% Haryana Special SDL(MD 31/03/2023) SOV 0.37% 8.60% GOI (MD 02/06/2028) SOV 0.25% 6.84% GOI (MD 19/12/2022) SOV 0.22% 9.56% Maharashtra SDL (MD 28/08/2023) SOV 0.05% 9.45% Rahasthan SDL (MD 26/03/2024) SOV 0.04% 6.62% GOI (MD 28/11/2051) SOV 0.03% 6.57% GOI (MD 05/12/2033) SOV 0.02% 8.24% GOI (MD 10/11/2033) SOV 0.02% 8.51% Punjab SDL (MD 10/04/2023) SOV 0.01% 8.64% Jharkhand SDL (MD 06/03/2023) SOV 0.01% 6.28% Pay Fix & Rec Mibor (30/12/21) HSBCBK 0.00% % Pay Fix & Rec Mibor (12/07/19) ICICIBK -0.02% % Pay Fix & Rec Mibor (29/06/19) HDFCBK -0.04% Cash & Current Assets 2.67% Total Net Assets % Life Constant Maturity 10 Year Gilt Fund (erstwhile Life Gilt Plus ) Rating % 6.97% GOI (MD 06/09/2026) SOV 88.28% 8.40% GOI (MD 28/07/2024) SOV 1.55% Cash & Current Assets 10.17% Life Government Securities Fund - Long Term Plan Rating % 6.79% GOI (MD 26/12/2029) SOV 46.67% 8.17% GOI (MD 01/12/2044) SOV 11.24% 7.73% GOI (MD 19/12/2034) SOV 11.00% 8.60% GOI (MD 02/06/2028) SOV 10.81% 8.30% GOI (MD 02/07/2040) SOV 4.62% 6.84% GOI (MD 19/12/2022) SOV 1.40% 6.28% Pay Fix & Rec Mibor (30/12/21) ICICIBK 0.01% % Pay Fix & Rec Mibor (01/08/19) HDFCBK -0.02% 6.38% Pay Fix & Rec Mibor (01/08/19) HSBCBK -0.05% 6.58% Pay Fix & Rec Mibor (06/04/21) ICICISEC -0.09% Cash & Current Assets 14.41% Life Gilt Plus - PF Plan Rating % 6.79% GOI (MD 26/12/2029) SOV 54.39% 8.30% GOI (MD 02/07/2040) SOV 13.94% 7.73% GOI (MD 19/12/2034) SOV 13.30% 8.24% GOI (MD 10/11/2033) SOV 6.91% Cash & Current Assets 11.45% Life Active Debt Multi Manager FoF Scheme SBI Magnum Gilt Fund - Long Term-Dir Pl % Life MediumTerm Plan -Gr - Direct Plan 21.06% IDFC Dynamic Bond Fund-Direct Plan % Life Govt Sec. Long Term Grwth Direct 19.29% ICICI Prude Gilt Fund Inv Plan PF Opt-Dir Plan-Grw 17.50% Cash & Current Assets 0.94% Net receivables / payables -0.36% Life Financial Planning FOF - Conservative Plan Life Cash Plus - - Direct Plan 37.38% Life MediumTerm Plan -Gr - Direct Plan 14.77% IDFC Dynamic Bond Fund-Direct Plan- 6.97% SBI Magnum Gilt Fund - Long Term-Dir Pl % Kotak MF Gold ETF 5.95% Life Advantage Fund - Gr - Dir Pl 5.55% MOSt Focused Multicap 35-Direct Plan- Option 5.53% R*Shares Gold BeES 5.48% Life Frontline Eq Fd - Gr - Direct Plan 4.38% SBI Blue Chip Fund-Direct Plan % Mirae Asset India Opp'ties Fund-Direct Plan- 1.42% Cash & Current Assets 3.56% Net receivables / payables -0.25% Life Financial Planning FOF - Prudent Plan Life Cash Plus - - Direct Plan Life MediumTerm Plan -Gr - Direct Plan MOSt Focused Multicap 35-Direct Plan- Option % 25.35% 12.39% 9.64% Life Advantage Fund - Gr - Dir Pl 9.55% Life Frontline Eq Fd - Gr - Direct Plan 8.47% SBI Blue Chip Fund-Direct Plan % Mirae Asset India Opp'ties Fund-Direct Plan- 6.43% SBI Magnum Gilt Fund - Long Term-Dir Pl % IDFC Dynamic Bond Fund-Direct Plan- 5.52% R*Shares Gold BeES 4.60% Kotak MF Gold ETF 4.15% Cash & Current Assets 1.17% Net receivables / payables -0.42% 73

90 Portfolio Regular Income Solutions Life MIP II - Savings 5 Plan Rating % 7.61% GOI(MD 09/05/2030) SOV 23.92% 8.13% GOI (MD 22/06/2045) SOV 9.14% 7.59% GOI(MD 11/01/2026) SOV 7.31% 7.68% GOI (MD 15/12/2023) SOV 7.24% IDBI Bank CRISIL A 7.04% Power Finance Corporation CRISIL AAA 7.01% 8.17% GOI (MD 01/12/2044) SOV 4.96% 8.08% GOI (MD 02/08/2022) SOV 3.64% 8.60% GOI (MD 02/06/2028) SOV 1.92% 7.59% GOI (MD 20/03/2029) SOV 1.81% IDBI Bank ICRA A+ 1.70% 9.40% Andhra Pradesh SDL (MD 30/01/2024) SOV 1.15% Yes Bank ICRA AA+ 1.12% Repco Home Finance Ltd 0.71% Eicher Motors Ltd 0.71% HDFC Bank Ltd 0.57% Hindustan Zinc Ltd 0.53% Bajaj Finance Ltd 0.50% V-Mart Retail 0.49% Equitas Holdings 0.45% PNB Housing Finance 0.39% City Union Bank Ltd 0.37% Dr. Lal Pathlabs 0.34% Kewal Kiran Clothing 0.34% K.P.R. Mill 0.28% Endurance Technologies 0.28% Indusind Bank Ltd 0.27% Tata Motors Ltd 0.27% Hindustan Petroleum Corporation Ltd 0.25% ICICI Bank Ltd 0.23% Indian Oil Corporation Ltd 0.23% Mahanagar Gas 0.22% 9.41% Kerala SDL (MD 30/01/2024) SOV 0.19% Shriram City Union Finance 0.19% Aurobindo Pharma Ltd 0.19% Dhanuka Agritech Ltd 0.18% Cairn India Ltd 0.17% Crompton Greaves Consumer Electricals 0.17% Vedanta Ltd 0.16% Grasim Industries Ltd 0.16% RBL Bank 0.15% Thyrocare Technologies Ltd 0.14% ITC Ltd 0.13% Ashoka Buildcon Ltd 0.13% VRL Logistic Ltd 0.12% Advanced Enzyme Technologies 0.11% Monte Carlo Fashions Ltd 0.10% Oriental Hotels Ltd 0.09% Emami Ltd 0.08% Orbit Exports Ltd 0.08% TeamLease Services 0.07% HCL Technologies Ltd 0.06% 8.62% Tamil Nadu SDL (MD 20/02/2023) SOV 0.04% Atul Auto 0.04% HEIDELBERGCEMENT INDIA LIMITED 0.01% Cash & Current Assets 11.87% Life MIP Rating % 8.13% GOI (MD 22/06/2045) SOV 15.83% 7.68% GOI (MD 15/12/2023) SOV 10.04% 6.97% GOI (MD 06/09/2026) SOV 9.85% IDBI Bank CRISIL A 7.44% IDBI Bank ICRA AA 5.49% 9.40% Andhra Pradesh SDL (MD 30/01/2024) SOV 5.30% 8.17% GOI (MD 01/12/2044) SOV 5.29% 6.90% GOI (MD 13/07/2019) SOV 2.92% Power Finance Corporation CRISIL AAA 1.94% Repco Home Finance Ltd 1.13% HDFC Bank Ltd 1.10% Eicher Motors Ltd 1.09% Bajaj Finance Ltd 0.79% Equitas Holdings 0.76% V-Mart Retail 0.74% Indian Oil Corporation Ltd 0.73% Kewal Kiran Clothing 0.64% Indusind Bank Ltd 0.60% K.P.R. Mill 0.51% Power Finance Corporation CRISIL AAA 0.51% Tata Motors Ltd 0.47% ICICI Bank Ltd 0.45% City Union Bank Ltd 0.43% PNB Housing Finance 0.42% Hindustan Petroleum Corporation Ltd 0.41% Dr. Lal Pathlabs 0.39% Hindustan Zinc Ltd 0.35% Shriram City Union Finance 0.34% Crompton Greaves Consumer Electricals 0.31% Dhanuka Agritech Ltd 0.31% Endurance Technologies 0.31% Vedanta Ltd 0.26% Cairn India Ltd 0.26% Grasim Industries Ltd 0.26% Mahanagar Gas 0.25% Aurobindo Pharma Ltd 0.25% ITC Ltd 0.24% TeamLease Services 0.23% Ashoka Buildcon Ltd 0.22% VRL Logistic Ltd 0.22% RBL Bank 0.18% Thyrocare Technologies Ltd 0.16% Advanced Enzyme Technologies 0.15% Emami Ltd 0.15% Monte Carlo Fashions Ltd 0.10% HCL Technologies Ltd 0.09% Atul Auto 0.08% Orbit Exports Ltd 0.05% HEIDELBERGCEMENT INDIA LIMITED 0.01% NTPC CRISIL AAA 0.00% Cash & Current Assets 19.90% Life Monthly Income Rating % 7.59% GOI (MD 20/03/2029) SOV 26.06% 7.68% GOI (MD 15/12/2023) SOV 8.03% 6.97% GOI (MD 06/09/2026) SOV 7.88% Power Finance Corporation CRISIL AAA 6.99% 8.60% GOI (MD 02/06/2028) SOV 4.26% 8.13% GOI (MD 22/06/2045) SOV 3.80% IDBI Bank CRISIL A 2.97% 8.17% GOI (MD 01/12/2044) SOV 2.12% 7.61% GOI(MD 09/05/2030) SOV 2.04% 7.73% GOI (MD 19/12/2034) SOV 2.02% 8.15% GOI (MD 24/11/2026) SOV 1.91% 8.28% GOI (M/D 21/09/2027) SOV 1.67% Repco Home Finance Ltd 1.22% Eicher Motors Ltd 1.13% HDFC Bank Ltd 0.97% Power Grid Corporation of India CRISIL AAA 0.97% 9.40% Andhra Pradesh SDL (MD 30/01/2024) SOV 0.85% V-Mart Retail 0.79% Bajaj Finance Ltd 0.79% Equitas Holdings 0.72% Kewal Kiran Clothing 0.59% Indusind Bank Ltd 0.57% K.P.R. Mill 0.47% Tata Motors Ltd 0.46% City Union Bank Ltd 0.44% Hindustan Petroleum Corporation Ltd 0.41% PNB Housing Finance 0.41% ICICI Bank Ltd 0.41% Dr. Lal Pathlabs 0.39% Indian Oil Corporation Ltd 0.39% Hindustan Zinc Ltd 0.34% Shriram City Union Finance 0.33% Dhanuka Agritech Ltd 0.31% Endurance Technologies 0.30% Power Finance Corporation CRISIL AAA 0.29% Crompton Greaves Consumer Electricals 0.29% Grasim Industries Ltd 0.28% Cairn India Ltd 0.26% Vedanta Ltd 0.26% Mahanagar Gas 0.24% Ashoka Buildcon Ltd 0.22% Orbit Exports Ltd 0.22% ITC Ltd 0.22% VRL Logistic Ltd 0.21% Monte Carlo Fashions Ltd 0.18% TeamLease Services 0.17% RBL Bank 0.17% Oriental Hotels Ltd 0.16% Advanced Enzyme Technologies 0.16% Thyrocare Technologies Ltd 0.16% Emami Ltd 0.14% HCL Technologies Ltd 0.09% Atul Auto 0.07% HEIDELBERGCEMENT INDIA LIMITED 0.01% Magnasound (I) Ltd 0.00% Cash & Current Assets 13.21% Life MIP II - Wealth 25 Plan Rating % 7.59% GOI(MD 11/01/2026) SOV 13.55% 8.13% GOI (MD 22/06/2045) SOV 6.29% 6.79% GOI (MD 26/12/2029) SOV 5.93% 7.61% GOI(MD 09/05/2030) SOV 5.20% 8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 3.81% 8.08% GOI (MD 02/08/2022) SOV 3.46% Yes Bank Ltd 2.38% Eicher Motors Ltd 2.11% Hindustan Petroleum Corporation Ltd 2.03% 8.26% Maharashtra SDL(MD 23/12/2025) SOV 1.74% 8.27% Karnataka SDL(MD 23/12/2025) SOV 1.73% Natco Pharma Ltd 1.64% Bharat Aluminium Co Ltd. CRISIL A 1.62% 8.17% GOI (MD 01/12/2044) SOV 1.60% ICRA A % 7.59% GOI (MD 20/03/2029) SOV 1.42% 7.68% GOI (MD 15/12/2023) SOV 1.29% Maruti Suzuki India Ltd 1.15% Repco Home Finance Ltd 1.13% Dalmia Bharat 1.11% Bajaj Finance Ltd 1.08% 8.79% GOI (MD 08/11/2021) SOV 1.06% Vedanta Ltd 1.05% Bajaj Finserv Ltd 0.83% L and T Finance Holdings Ltd 0.78% Berger Paints India Ltd 0.71% 8.59% Andhra pradesh SDL (MD 23/01/2023) SOV 0.69% Capital First 0.69% Indraprastha Gas Ltd 0.68% Rural Electrification Corporation CRISIL AAA 0.68% Bank of India BWR AA- 0.68% Bharat Financial Inclusion Ltd 0.67% Oriental Bank of Commerce IND A+ 0.66% Tata Sons Ltd CRISIL AAA 0.65% IDBI Bank ICRA A+ 0.65% K.P.R. Mill 0.61% PNB Housing Finance 0.57% V-Guard Industries 0.54% Equitas Holdings 0.53% IDBI Bank CRISIL A 0.51% State Bank of India 0.51% Yes Bank ICRA AA+ 0.50% Hindalco Industries Ltd 0.49% Bharat Electronics Ltd 0.48% Orient Cement Ltd 0.45% Voltas Ltd 0.45% Wabco India Ltd 0.42% Hindustan Zinc Ltd 0.39% 9.20% GOI (MD 30/09/2030) SOV 0.38% Narayana Hrudayalaya 0.37% Emami Ltd 0.37% AIA Engineering Ltd 0.36% PI Industries Ltd 0.36% 8.15% GOI (MD 24/11/2026) SOV 0.35% 8.35% GOI (MD 14/05/2022) SOV 0.35% 8.12% GOI (MD 10/12/2020) SOV 0.34% Power Finance Corporation CRISIL AAA 0.33% Bayer Cropscience Ltd 0.33% 9.23% GOI (MD 23/12/2043) SOV 0.32% Bharat Petroleum Corp Ltd 0.31% Kalpataru Power Transmission Ltd 0.31% UPL 0.28% VA Tech Wabag Ltd 0.25% V-Mart Retail 0.25% Kaveri Seed Company Ltd 0.24% 8.24% GOI (MD 10/11/2033) SOV 0.22% Advanced Enzyme Technologies 0.22% Bosch Ltd 0.22% Godrej Consumer Products Ltd 0.21% Cummins India Ltd 0.21% Cholamandalam Investment and Finance Company Ltd 0.20% MRF Ltd 0.19% Gujarat Fluorochemicals Ltd 0.19% Mahanagar Gas 0.19% GE T&D India 0.18% Pidilite Industries Ltd 0.17% Johnson Controls Hitachi Air Conditioning India Ltd 0.15% Atul Auto 0.15% ICICI Prudential Life Insurance Company 0.14% TeamLease Services 0.14% VRL Logistic Ltd 0.13% Oracle Financial Services Software Ltd 0.13% Thyrocare Technologies Ltd 0.11% J.Kumar Infraprojects Ltd 0.10% Astra Microwave Products Ltd 0.10% Ramkrishna Forgings Ltd 0.09% Whirlpool of India Ltd 0.09% Monte Carlo Fashions Ltd 0.08% IDBI Bank ICRA AA 0.06% Yes Bank ICRA AA+ 0.05% Cash & Current Assets 12.04% 74

91 Portfolio Tax Savings Solutions Life Tax Relief 96 % Sundaram Clayton Ltd 7.99% Bayer Cropscience Ltd 4.92% Honeywell Automation India Ltd 4.92% ICRA Ltd 3.81% Gillette India Ltd 3.73% Kotak Mahindra Bank Ltd 3.63% Biocon Ltd 3.33% Zee Entertainment Enterprises Ltd 3.25% MRF Ltd 3.22% Glaxosmithkline Pharmaceuticals Ltd 3.09% Pfizer Ltd 3.08% Thomas Cook India Ltd 2.99% Johnson Controls Hitachi Air Conditioning India Ltd 2.83% Bosch Ltd 2.52% Indusind Bank Ltd 2.46% Yes Bank Ltd 2.35% Reliance Industries Ltd 2.33% Ltd 2.16% HDFC Bank Ltd 2.07% Shoppers Stop Ltd 2.03% Jet Airways India Ltd 2.01% Shree Cement Ltd 1.95% ICICI Bank Ltd 1.92% Maruti Suzuki India Ltd 1.85% Century Textiles & Industries Ltd 1.85% Tata Consultancy Services Ltd 1.83% Grasim Industries Ltd 1.77% Larsen & Toubro Ltd 1.75% Tata Motors Ltd 1.51% Axis Bank Ltd 1.42% Cummins India Ltd 1.35% Capital First 1.24% Procter & Gamble Hygiene and Health Care Ltd 1.06% Bata India Ltd 1.03% Kansai Nerolac Paints Ltd 1.01% HCL Technologies Ltd 0.99% Hindustan Unilever Ltd 0.95% Infosys Ltd 0.88% Sun Pharmaceuticals Industries Ltd 0.87% ITC Ltd 0.65% Tech Mahindra Ltd 0.60% IDFC Bank Ltd 0.51% Vedanta Ltd 0.50% Bharat Financial Inclusion Ltd 0.46% Ashok Leyland Ltd 0.40% Mahindra & Mahindra Ltd 0.38% Container Corporation of India Ltd 0.27% IDFC Ltd 0.24% United Breweries Holdings Ltd 0.22% Bharat Bijlee Ltd 0.13% Magnasound (I) Ltd 0.00% Cash & Current Assets 2.03% Net receivables / payables -0.35% Life Tax Plan % Sundaram Clayton Ltd 8.03% Bayer Cropscience Ltd 4.93% Honeywell Automation India Ltd 4.93% ICRA Ltd 3.83% Gillette India Ltd 3.73% Kotak Mahindra Bank Ltd 3.47% MRF Ltd 3.46% Biocon Ltd 3.20% Zee Entertainment Enterprises Ltd 3.12% Glaxosmithkline Pharmaceuticals Ltd 3.09% Pfizer Ltd 3.09% Thomas Cook India Ltd 2.99% Johnson Controls Hitachi Air Conditioning India Ltd 2.83% Bosch Ltd 2.53% Indusind Bank Ltd 2.35% Yes Bank Ltd 2.26% Reliance Industries Ltd 2.24% Ltd 2.07% Shoppers Stop Ltd 2.04% Jet Airways India Ltd 2.01% HDFC Bank Ltd 1.97% Shree Cement Ltd 1.87% Maruti Suzuki India Ltd 1.85% ICICI Bank Ltd 1.84% Century Textiles & Industries Ltd 1.80% Grasim Industries Ltd 1.76% Tata Consultancy Services Ltd 1.75% Larsen & Toubro Ltd 1.67% Tata Motors Ltd 1.45% Axis Bank Ltd 1.36% Cummins India Ltd 1.30% Capital First 1.20% Bata India Ltd 1.03% Procter & Gamble Hygiene and Health Care Ltd 1.02% Kansai Nerolac Paints Ltd 1.02% HCL Technologies Ltd 0.95% Hindustan Unilever Ltd 0.91% Infosys Ltd 0.84% Sun Pharmaceuticals Industries Ltd 0.83% ITC Ltd 0.62% Tech Mahindra Ltd 0.60% IDFC Bank Ltd 0.48% Vedanta Ltd 0.48% Bharat Financial Inclusion Ltd 0.44% Ashok Leyland Ltd 0.39% Mahindra & Mahindra Ltd 0.37% Container Corporation of India Ltd 0.26% IDFC Ltd 0.23% United Breweries Holdings Ltd 0.20% Bharat Bijlee Ltd 0.11% Magnasound (I) Ltd 0.00% Cash & Current Assets 3.70% Net receivables / payables -0.47% Life Tax Savings Fund % Sundaram Clayton Ltd 8.62% Honeywell Automation India Ltd 5.04% Bayer Cropscience Ltd 4.93% Kotak Mahindra Bank Ltd 3.82% ICRA Ltd 3.81% MRF Ltd 3.80% Biocon Ltd 3.51% Zee Entertainment Enterprises Ltd 3.42% Gillette India Ltd 2.99% Thomas Cook India Ltd 2.60% Indusind Bank Ltd 2.58% Johnson Controls Hitachi Air Conditioning India Ltd 2.58% Pfizer Ltd 2.52% Yes Bank Ltd 2.49% Reliance Industries Ltd 2.45% Glaxosmithkline Pharmaceuticals Ltd 2.28% Ltd 2.28% HDFC Bank Ltd 2.17% Bosch Ltd 2.14% Shoppers Stop Ltd 2.10% Jet Airways India Ltd 2.07% Shree Cement Ltd 2.05% ICICI Bank Ltd 2.01% Century Textiles & Industries Ltd 1.97% Tata Consultancy Services Ltd 1.92% Grasim Industries Ltd 1.86% Larsen & Toubro Ltd 1.83% Maruti Suzuki India Ltd 1.61% Tata Motors Ltd 1.59% Axis Bank Ltd 1.49% Cummins India Ltd 1.42% Capital First 1.32% HCL Technologies Ltd 1.04% Bata India Ltd 1.02% Procter & Gamble Hygiene and Health Care Ltd 1.01% Hindustan Unilever Ltd 1.00% Sun Pharmaceuticals Industries Ltd 0.99% Kansai Nerolac Paints Ltd 0.96% Infosys Ltd 0.92% ITC Ltd 0.69% Tech Mahindra Ltd 0.66% IDFC Bank Ltd 0.53% Vedanta Ltd 0.53% Bharat Financial Inclusion Ltd 0.48% Ashok Leyland Ltd 0.42% Mahindra & Mahindra Ltd 0.40% Container Corporation of India Ltd 0.29% IDFC Ltd 0.25% United Breweries Holdings Ltd 0.23% Bharat Bijlee Ltd 0.12% Cash & Current Assets 1.75% Net receivables / payables -0.56% 75

92 Portfolio Wealth Creation Solutions Life Equity Savings Fund Rating % Tata Capital Housing Finance Ltd CRISIL A % LIC Housing Finance Ltd 5.96% 8.15% GOI (MD 24/11/2026) SOV 5.31% ICRA A % 9.20% GOI (MD 30/09/2030) SOV 4.31% Axis Bank Ltd 3.91% Yes Bank Ltd 3.90% Ltd 2.99% Hindustan Petroleum Corporation Ltd 2.62% Larsen & Toubro Ltd 2.37% Oil & Natural Gas Corporation Ltd 2.22% Eicher Motors Ltd 2.15% Natco Pharma Ltd 2.08% Repco Home Finance Ltd 1.99% Asian Paints Ltd 1.95% ITC Ltd 1.88% HDFC Bank Ltd 1.88% Dalmia Bharat 1.72% State Bank of India 1.65% Hindalco Industries Ltd 1.62% Sun Pharmaceuticals Industries Ltd 1.40% Equitas Holdings 1.38% 8.17% GOI (MD 01/12/2044) SOV 1.36% Aditya Birla Nuvo Ltd 1.29% Bajaj Finance Ltd 1.26% Berger Paints India Ltd 1.25% Maruti Suzuki India Ltd 1.13% L and T Finance Holdings Ltd 1.02% V-Guard Industries 0.90% Capital First 0.86% TVS Motor Company Ltd 0.84% Lupin Ltd 0.83% Godrej Consumer Products Ltd 0.77% Wabco India Ltd 0.75% Bajaj Finserv Ltd 0.73% Emami Ltd 0.72% Reliance Industries Ltd 0.70% AIA Engineering Ltd 0.67% Indusind Bank Ltd 0.65% Voltas Ltd 0.63% Bharat Forge Ltd 0.62% Bosch Ltd 0.54% NCC Ltd 0.48% Aurobindo Pharma Ltd 0.46% Orient Cement Ltd 0.45% PNB Housing Finance 0.44% Gulf Oil Lubricants India Ltd 0.42% K.P.R. Mill 0.42% Bayer Cropscience Ltd 0.41% Kaveri Seed Company Ltd 0.39% Page Industries Ltd 0.38% VA Tech Wabag Ltd 0.36% Tata Chemicals Ltd 0.34% Narayana Hrudayalaya 0.32% Torrent Pharmaceuticals Ltd 0.32% Cyient 0.31% GE T&D India 0.30% PI Industries Ltd 0.30% Havells India Ltd 0.29% Siemens Ltd 0.28% Gujarat Fluorochemicals Ltd 0.27% Tata Motors Ltd 0.27% Kalpataru Power Transmission Ltd 0.25% NMDC Ltd 0.25% Atul Auto 0.25% Cummins India Ltd 0.25% MRF Ltd 0.24% Glenmark Pharmaceuticals Ltd 0.22% Pidilite Industries Ltd 0.19% V-Mart Retail 0.17% ICICI Bank Ltd 0.14% Federal Bank Ltd 0.13% HCL Technologies Ltd 0.12% Whirlpool of India Ltd 0.12% JK Cements Ltd 0.09% Castrol India Ltd 0.08% IDFC Bank Ltd 0.08% IDFC Ltd 0.07% UPL 0.07% Raymond Ltd 0.06% Oracle Financial Services Software Ltd 0.06% The South Indian Bank Ltd 0.05% CASTROLIND_23/02/ % L&TFH_23/02/ % NMDC_23/02/ % TATAMOTORS_23/02/ % TATACHEM_23/02/ % AUROPHARMA_23/02/ % NCC_23/02/ % BHARATFORG_23/02/ % LUPIN_23/02/ % RELIANCE_23/02/ % HDFCBANK_23/02/ % ABIRLANUVO_23/02/ % SUNPHARMA_23/02/ % ITC_23/02/ % ASIANPAINT_23/02/ % ONGC_23/02/ % LT_23/02/ % HDFC_23/02/ % AXISBANK_23/02/ % LICHSGFIN_23/02/ % Cash & Current Assets 1.05% Net receivables / payables 31.55% Life Balanced Advantage Fund Rating % HDFC Bank Ltd 8.91% Tata Chemicals Ltd 4.87% Indian Oil Corporation Ltd 4.45% Mahanagar Gas 4.20% Power Grid Corporation of India Ltd 4.07% HCL Technologies Ltd 3.62% Indraprastha Gas Ltd 2.52% Mahindra & Mahindra Ltd 2.24% Bharti Infratel 2.10% Infosys Ltd 2.07% Castrol India Ltd 2.00% Sintex Industries Ltd 1.94% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 1.77% Orient Refractories 1.57% Hindustan Petroleum Corporation Ltd 1.52% CPSE ETF 1.43% Kotak Mahindra Bank Ltd 1.38% Shree Cement Ltd 1.38% Tata Motors Ltd 1.29% ITC Ltd 1.26% Hindalco Industries Ltd 1.25% Hindustan Zinc Ltd 1.20% ICICI Bank Ltd 1.19% Petronet LNG Ltd 1.17% Kaveri Seed Company Ltd 1.17% Tech Mahindra Ltd 1.13% City Union Bank Ltd 1.00% Coal India Ltd 0.99% Axis Bank Ltd 0.94% PTC India Ltd 0.93% Cairn India Ltd 0.86% Sun Pharmaceuticals Industries Ltd 0.85% Motherson Sumi Systems Ltd 0.83% Bharat Electronics Ltd 0.82% IFGL REFRACTORIES LTD 0.79% NIIT Technologies Ltd 0.76% HPL Electric & Power 0.73% Torrent Pharmaceuticals Ltd 0.70% Bharti Airtel Ltd 0.53% Divis Laboratories Ltd 0.47% NTPC Ltd 0.46% Greaves Cotton Ltd 0.37% Ambuja Cements Ltd 0.33% Indusind Bank Ltd 0.32% Repco Home Finance Ltd 0.30% Carborundum Universal Ltd 0.29% Housing Development Finance Corporation Ltd 0.27% Somany Ceramics Ltd 0.26% Eicher Motors Ltd 0.24% Equitas Holdings 0.16% Interglobe Aviation Ltd 0.15% Dalmia Bharat 0.11% Sanofi India Ltd 0.09% Atul Auto 0.07% Grasim Industries Ltd 0.04% NTPC CRISIL AAA 0.00% NIFTY_23/02/ % Cash & Current Assets 22.03% Net receivables / payables 35.36% Life Balanced 95 Fund Rating % 7.61% GOI(MD 09/05/2030) SOV 5.51% HDFC Bank Ltd 5.27% Life Cash Plus - - Direct Plan 3.35% Infosys Ltd 3.05% Power Finance Corporation ICRA AAA 3.03% Indusind Bank Ltd 2.36% 8.13% GOI (MD 22/06/2045) SOV 2.15% Tata Motors Ltd 2.12% ICICI Bank Ltd 2.05% Indian Oil Corporation Ltd 1.83% 6.79% GOI (MD 26/12/2029) SOV 1.70% 8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 1.52% Yes Bank Ltd 1.46% Eicher Motors Ltd 1.43% Maruti Suzuki India Ltd 1.31% Sun Pharmaceuticals Industries Ltd 1.31% ITC Ltd 1.20% Kotak Mahindra Bank Ltd 1.16% UPL 1.15% Tata Chemicals Ltd 1.13% Aurobindo Pharma Ltd 1.11% L and T Finance Holdings Ltd 1.10% Grasim Industries Ltd 1.01% Power Finance Corporation CRISIL AAA 1.00% Power Grid Corporation of India Ltd 0.97% Emami Ltd 0.96% Hindustan Petroleum Corporation Ltd 0.93% Reliance Industries Ltd 0.91% Cholamandalam Investment and Finance Company Ltd 0.88% CRISIL AAA 0.85% 8.60% GOI (MD 02/06/2028) SOV 0.85% HCL Technologies Ltd 0.84% NTPC CRISIL AAA 0.84% Pfizer Ltd 0.83% IDBI Bank CRISIL A 0.82% Titan Company 0.82% PNB Housing Finance 0.80% Glenmark Pharmaceuticals Ltd 0.80% Repco Home Finance Ltd 0.80% ICRA A % Crompton Greaves Consumer Electricals 0.79% Mahindra & Mahindra Ltd 0.77% Cairn India Ltd 0.77% Sundaram Finance Ltd 0.75% Larsen & Toubro Ltd 0.75% Sun TV Network Ltd 0.75% Dr Reddys Laboratories Ltd 0.74% 7.68% GOI (MD 15/12/2023) SOV 0.71% Torrent Pharmaceuticals Ltd 0.71% FAG Bearings India Ltd 0.71% Kaveri Seed Company Ltd 0.68% Tech Mahindra Ltd 0.64% Vedanta Ltd 0.64% Britannia Industries Ltd 0.63% Natco Pharma Ltd 0.63% 8.08% GOI (MD 02/08/2022) SOV 0.62% Axis Bank Ltd 0.62% PTC India Ltd 0.59% Tata Sons Ltd CRISIL AAA 0.58% IDBI Bank ICRA A+ 0.58% Reliance Ports and Terminals Ltd CRISIL AAA 0.58% Muthoot Finance Ltd 0.58% Finolex Cables Ltd 0.57% NTPC Ltd 0.57% 8.17% GOI (MD 01/12/2044) SOV 0.56% Shriram City Union Finance 0.55% Equitas Holdings 0.55% MRF Ltd 0.54% Zee Entertainment Enterprises Ltd 0.53% Inox Leisure Ltd 0.51% 76

93 Portfolio Federal Bank Ltd 0.50% Hindustan Zinc Ltd 0.50% Bank Of Baroda 0.49% Bajaj Finance Ltd 0.49% Ashoka Buildcon Ltd 0.47% Ashok Leyland Ltd 0.46% Dish TV India Ltd 0.45% Atul Ltd 0.45% Endurance Technologies 0.45% Procter & Gamble Hygiene and Health Care Ltd 0.44% National Bank For Agriculture and Rural Development CRISIL AAA 0.43% Power Finance Corporation CRISIL AAA 0.43% Laurus Labs 0.39% State Bank of India 0.38% Carborundum Universal Ltd 0.37% Coal India Ltd 0.37% Syndicate Bank CARE AA- 0.35% Whirlpool of India Ltd 0.35% Gujarat State Petronet Ltd 0.32% Bharat Electronics Ltd 0.30% Castrol India Ltd 0.29% Cummins India Ltd 0.29% Credit Analysis and Research 0.28% 7.73% GOI (MD 19/12/2034) SOV 0.27% Rural Electrification Corporation CRISIL AAA 0.26% Shoppers Stop Ltd 0.26% Blue Star Ltd 0.26% Bharat Financial Inclusion Ltd 0.26% Oriental Bank of Commerce IND A+ 0.26% Crompton Greaves Ltd 0.25% Bayer Cropscience Ltd 0.25% VA Tech Wabag Ltd 0.24% Jagran Prakashan Ltd 0.24% Inox Wind Ltd 0.24% Glaxosmithkline Consumer Healthcare Ltd 0.24% 6.97% GOI (MD 06/09/2026) SOV 0.17% Tata Motors Ltd DVR Shares 0.17% 8.27% Karnataka SDL(MD 23/12/2025) SOV 0.14% Cyient 0.14% 8.26% Maharashtra SDL(MD 23/12/2025) SOV 0.12% Bata India Ltd 0.11% 0.10% 8.24% GOI (MD 10/11/2033) SOV 0.09% Rural Electrification Corporation CRISIL AAA 0.09% 7.59% GOI (MD 20/03/2029) SOV 0.09% Bharti Infratel 0.09% 6.84% GOI (MD 19/12/2022) SOV 0.09% Power Grid Corporation of India CRISIL AAA 0.03% IDBI Bank ICRA AA 0.02% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.01% Brillio Technologies Pvt Ltd 0.00% Globsyn Technologies Ltd 0.00% Magnasound (I) Ltd 0.00% Cash & Current Assets 5.06% Life Index Fund % NIFTY_23/02/ % HDFC Bank Ltd 6.15% ITC Ltd 5.29% Ltd 5.23% Infosys Ltd 4.50% Reliance Industries Ltd 4.18% ICICI Bank Ltd 3.79% Tata Consultancy Services Ltd 2.88% Larsen & Toubro Ltd 2.88% Tata Motors Ltd 2.46% State Bank of India 1.96% Kotak Mahindra Bank Ltd 1.94% Maruti Suzuki India Ltd 1.89% Axis Bank Ltd 1.88% Sun Pharmaceuticals Industries Ltd 1.66% Indusind Bank Ltd 1.48% Hindustan Unilever Ltd 1.48% Mahindra & Mahindra Ltd 1.38% Oil & Natural Gas Corporation Ltd 1.34% Bharti Airtel Ltd 1.15% HCL Technologies Ltd 1.11% Power Grid Corporation of India Ltd 1.10% Yes Bank Ltd 1.10% Asian Paints Ltd 1.06% NTPC Ltd 1.03% Hero MotoCorp Ltd 0.97% Bajaj Auto Ltd 0.96% Coal India Ltd 0.95% Dr Reddys Laboratories Ltd 0.93% Ultratech Cement Ltd 0.91% Bharat Petroleum Corp Ltd 0.86% Lupin Ltd 0.85% Tata Steel Ltd 0.75% Wipro Ltd 0.71% Cipla Ltd 0.71% Eicher Motors Ltd 0.70% Grasim Industries Ltd 0.70% Tech Mahindra Ltd 0.68% Zee Entertainment Enterprises Ltd 0.66% Adani Ports and Special Economic Zone Ltd 0.66% Hindalco Industries Ltd 0.61% Gail (India) Ltd 0.53% Bosch Ltd 0.51% Aurobindo Pharma Ltd 0.44% Ambuja Cements Ltd 0.43% Tata Motors Ltd DVR Shares 0.41% Bank Of Baroda 0.38% Bharti Infratel 0.38% Tata Power Co Ltd 0.36% ACC Ltd 0.32% Idea Cellular Ltd 0.31% Bharat Heavy Electricals Ltd 0.31% Cash & Current Assets 16.00% Net receivables / payables % Life Frontline Equity Fund Rating % HDFC Bank Ltd 6.64% Infosys Ltd 4.26% ITC Ltd 3.67% ICICI Bank Ltd 3.59% Tata Motors Ltd 3.41% Reliance Industries Ltd 3.01% Maruti Suzuki India Ltd 2.86% Life Cash Plus - - Direct 2.69% Plan Kotak Mahindra Bank Ltd 2.58% Indian Oil Corporation Ltd 2.43% Indusind Bank Ltd 2.36% HCL Technologies Ltd 2.28% Sun Pharmaceuticals Industries Ltd 2.15% Grasim Industries Ltd 2.13% State Bank of India 2.11% Larsen & Toubro Ltd 2.01% Crompton Greaves Consumer Electricals 1.90% Ltd 1.89% Power Grid Corporation of India Ltd 1.75% Aurobindo Pharma Ltd 1.65% Yes Bank Ltd 1.62% Mahindra & Mahindra Ltd 1.61% NTPC Ltd 1.55% Hindustan Unilever Ltd 1.45% Bajaj Finance Ltd 1.29% Zee Entertainment Enterprises Ltd 1.28% Tech Mahindra Ltd 1.27% Coal India Ltd 1.26% Federal Bank Ltd 1.23% Muthoot Finance Ltd 1.15% Cummins India Ltd 1.10% Axis Bank Ltd 1.00% Godrej Consumer Products Ltd 1.00% Vedanta Ltd 0.98% Sanofi India Ltd 0.92% Shriram City Union Finance 0.92% Hindustan Petroleum Corporation Ltd 0.90% Britannia Industries Ltd 0.89% Cholamandalam Investment and Finance Company Ltd 0.88% Hero MotoCorp Ltd 0.86% Reliance Capital Ltd 0.82% Castrol India Ltd 0.80% LIC Housing Finance Ltd 0.79% Gail (India) Ltd 0.75% Divis Laboratories Ltd 0.70% Motherson Sumi Systems Ltd 0.66% Bosch Ltd 0.66% Bayer Cropscience Ltd 0.62% Bank Of Baroda 0.59% Tata Consultancy Services Ltd 0.58% Glenmark Pharmaceuticals Ltd 0.54% IRB Infrastructure Developers Ltd 0.53% Dr Reddys Laboratories Ltd 0.51% Akzo India Nobel Ltd 0.50% Titan Company 0.50% Hindalco Industries Ltd 0.49% Glaxosmithkline Consumer Healthcare Ltd 0.47% Cipla Ltd 0.45% Crompton Greaves Ltd 0.44% ICICI Prudential Life Insurance Company 0.43% Cairn India Ltd 0.41% Lupin Ltd 0.38% Torrent Pharmaceuticals Ltd 0.37% GE Power India 0.36% Glaxosmithkline Pharmaceuticals Ltd 0.32% CPSE ETF 0.32% Life Nifty ETF % Hindustan Zinc Ltd 0.29% DLF Ltd 0.26% Jagran Prakashan Ltd 0.25% ACC Ltd 0.25% L and T Finance Holdings Ltd 0.25% Sun TV Network Ltd 0.23% Tata Steel Ltd 0.22% Wipro Ltd 0.20% 0.19% IDFC Ltd 0.19% IDFC Bank Ltd 0.19% D.B.Corp Ltd 0.18% Procter & Gamble Hygiene and Health Care Ltd 0.18% Bharti Airtel Ltd 0.13% Ashok Leyland Ltd 0.06% NTPC CRISIL AAA 0.04% Ambuja Cements Ltd 0.00% NIFTY_23/02/ % Cash & Current Assets 2.60% Net receivables / payables 2.83% Life Top 100 Fund Rating % HDFC Bank Ltd 7.31% Infosys Ltd 4.03% ICICI Bank Ltd 3.93% Tata Motors Ltd 3.78% ITC Ltd 3.61% Indian Oil Corporation Ltd 3.19% Maruti Suzuki India Ltd 2.88% Kotak Mahindra Bank Ltd 2.87% Grasim Industries Ltd 2.83% Sun Pharmaceuticals Industries Ltd 2.67% Indusind Bank Ltd 2.65% HCL Technologies Ltd 2.58% Reliance Industries Ltd 2.48% Crompton Greaves Consumer Electricals 2.04% Ltd 1.89% Yes Bank Ltd 1.87% Power Grid Corporation of India Ltd 1.85% State Bank of India 1.79% Aurobindo Pharma Ltd 1.62% Glenmark Pharmaceuticals Ltd 1.61% Hindustan Unilever Ltd 1.41% Coal India Ltd 1.36% Mahindra & Mahindra Ltd 1.33% Bharat Electronics Ltd 1.33% Federal Bank Ltd 1.29% Bajaj Finserv Ltd 1.27% Zee Entertainment Enterprises Ltd 1.24% Vedanta Ltd 1.16% Larsen & Toubro Ltd 1.11% Cummins India Ltd 1.11% NTPC Ltd 1.08% IDFC Ltd 1.04% PTC India Ltd 1.04% Ambuja Cements Ltd 0.98% Axis Bank Ltd 0.93% Tech Mahindra Ltd 0.90% Motherson Sumi Systems Ltd 0.87% L and T Finance Holdings Ltd 0.86% Hindustan Zinc Ltd 0.84% Divis Laboratories Ltd 0.84% UPL 0.84% Sanofi India Ltd 0.83% Britannia Industries Ltd 0.82% Hindalco Industries Ltd 0.81% Petronet LNG Ltd 0.80% Life Nifty ETF % 77

94 Portfolio Cairn India Ltd 0.72% Torrent Pharmaceuticals Ltd 0.71% Tata Consultancy Services Ltd 0.63% Bank Of Baroda 0.62% Bharti Infratel 0.61% Castrol India Ltd 0.55% ICICI Prudential Life Insurance Company 0.45% Hindustan Petroleum Corporation Ltd 0.45% Glaxosmithkline Consumer Healthcare Ltd 0.42% Tata Motors Ltd DVR Shares 0.42% Akzo India Nobel Ltd 0.41% Titan Company 0.41% CPSE ETF 0.40% Gail (India) Ltd 0.39% Pfizer Ltd 0.37% Crompton Greaves Ltd 0.33% Gujarat State Petronet Ltd 0.32% Oracle Financial Services Software Ltd 0.31% Dr Reddys Laboratories Ltd 0.30% 0.29% LIC Housing Finance Ltd 0.26% Bharti Airtel Ltd 0.21% ACC Ltd 0.10% NTPC CRISIL AAA 0.06% NIFTY_23/02/ % Cash & Current Assets 4.67% Net receivables / payables 3.20% Life Equity Fund % Life Cash Plus - - Direct Plan 6.63% HDFC Bank Ltd 5.12% Cairn India Ltd 3.84% Tata Chemicals Ltd 3.83% Maruti Suzuki India Ltd 3.26% Dr Reddys Laboratories Ltd 2.91% Indusind Bank Ltd 2.88% ITC Ltd 2.81% Yes Bank Ltd 2.78% Kotak Mahindra Bank Ltd 2.74% Tata Communications Ltd 2.72% HCL Technologies Ltd 2.72% Vedanta Ltd 2.69% Indian Oil Corporation Ltd 2.63% Sun Pharmaceuticals Industries Ltd 2.51% Bank Of Baroda 2.51% Infosys Ltd 2.18% Dalmia Bharat 1.83% Aurobindo Pharma Ltd 1.81% Century Textiles & Industries Ltd 1.60% Tata Motors Ltd 1.51% ICICI Bank Ltd 1.43% Tech Mahindra Ltd 1.34% Bajaj Finance Ltd 1.32% Castrol India Ltd 1.29% ACC Ltd 1.27% Kansai Nerolac Paints Ltd 1.20% Cholamandalam Investment and Finance Company Ltd 1.20% Dishman Pharma & Chemicals Ltd 1.12% Blue Star Ltd 1.09% Asian Paints Ltd 1.07% Repco Home Finance Ltd 1.03% CESC Ltd 1.02% Bharti Infratel 0.98% Zee Entertainment Enterprises Ltd 0.96% Exide Industries Ltd 0.93% Shriram City Union Finance 0.92% Dish TV India Ltd 0.89% Equitas Holdings 0.85% Hero MotoCorp Ltd 0.84% IDFC Ltd 0.83% Tata Steel Ltd 0.74% Cummins India Ltd 0.66% IIFL Holdings Ltd 0.65% Grasim Industries Ltd 0.63% Lupin Ltd 0.59% Radico Khaitan Ltd 0.57% Atul Ltd 0.57% LIC Housing Finance Ltd 0.56% United Spirits Ltd 0.55% Torrent Pharmaceuticals Ltd 0.55% Glaxosmithkline Consumer Healthcare Ltd 0.50% Power Grid Corporation of India Ltd 0.49% VA Tech Wabag Ltd 0.47% MRF Ltd 0.45% AIA Engineering Ltd 0.39% The Jammu and Kashmir Bank Ltd 0.39% Piramal Enterprises Ltd 0.37% CAIRN_23/02/ % Bharat Electronics Ltd 0.34% Cox and Kings Ltd 0.33% Bata India Ltd 0.32% Kewal Kiran Clothing 0.31% L and T Finance Holdings Ltd 0.27% Ambuja Cements Ltd 0.25% Ashok Leyland Ltd 0.24% PNB Housing Finance 0.23% DQ Entertainment International Ltd 0.04% MAESTROS MEDILINE SYSTEMS LIMITED 0.00% Magnasound (I) Ltd 0.00% Mms Infrastr Ltd 0.00% BANKNIFTY_23/02/ % NIFTY_23/02/ % Cash & Current Assets 5.91% Net receivables / payables 1.71% Life Advantage Fund % Yes Bank Ltd 5.40% Maruti Suzuki India Ltd 4.25% Eicher Motors Ltd 4.12% Hindustan Petroleum Corporation Ltd 3.98% Vedanta Ltd 3.96% HDFC Bank Ltd 3.61% Indusind Bank Ltd 2.96% Natco Pharma Ltd 2.66% State Bank of India 2.13% The Ramco Cements 2.13% Asian Paints Ltd 2.11% Indraprastha Gas Ltd 2.10% Bajaj Finserv Ltd 2.04% Bank Of Baroda 1.98% Infosys Ltd 1.94% UPL 1.94% L and T Finance Holdings Ltd 1.94% Ambuja Cements Ltd 1.82% ICICI Bank Ltd 1.82% Tata Motors Ltd 1.76% Indian Oil Corporation Ltd 1.76% Dr Reddys Laboratories Ltd 1.67% HCL Technologies Ltd 1.61% Dalmia Bharat 1.59% Cholamandalam Investment and Finance Company Ltd 1.55% Britannia Industries Ltd 1.47% Sun Pharmaceuticals Industries Ltd 1.46% Tech Mahindra Ltd 1.42% Tata Communications Ltd 1.39% Bharat Petroleum Corp Ltd 1.37% Bajaj Finance Ltd 1.34% Repco Home Finance Ltd 1.34% Bharat Electronics Ltd 1.30% Hindustan Zinc Ltd 1.25% Tata Steel Ltd 1.21% Voltas Ltd 1.20% Emami Ltd 1.18% PNB Housing Finance 1.16% Glenmark Pharmaceuticals Ltd 1.13% TVS Motor Company Ltd 1.12% Berger Paints India Ltd 1.12% Hindalco Industries Ltd 0.94% K.P.R. Mill 0.87% Bayer Cropscience Ltd 0.83% V-Guard Industries 0.82% Equitas Holdings 0.82% Hindustan Unilever Ltd 0.82% Motherson Sumi Systems Ltd 0.80% Kotak Mahindra Bank Ltd 0.70% Cummins India Ltd 0.66% Engineers India Ltd 0.65% Shriram City Union Finance 0.61% SRF Ltd 0.58% Kaveri Seed Company Ltd 0.54% Zee Entertainment Enterprises Ltd 0.53% Orient Cement Ltd 0.50% Narayana Hrudayalaya 0.45% Wabco India Ltd 0.42% Torrent Pharmaceuticals Ltd 0.42% Bharat Financial Inclusion Ltd 0.41% AIA Engineering Ltd 0.38% PI Industries Ltd 0.36% Astra Microwave Products Ltd 0.30% GE T&D India 0.23% Dharti Dredging 0.04% Karrox Technologies Ltd 0.00% Cash & Current Assets 2.54% Net receivables / payables 0.46% Life MNC Fund Rating % Bayer Cropscience Ltd 7.81% Bosch Ltd 7.67% Gillette India Ltd 7.33% ICRA Ltd 7.21% Maruti Suzuki India Ltd 6.82% Honeywell Automation India Ltd 6.74% Pfizer Ltd 6.07% Glaxosmithkline Pharmaceuticals Ltd 5.83% Kotak Mahindra Bank Ltd 5.11% Johnson Controls Hitachi Air Conditioning India Ltd 4.61% Capital First 4.25% Thomas Cook India Ltd 3.93% Hindustan Unilever Ltd 3.67% Kansai Nerolac Paints Ltd 2.96% Jet Airways India Ltd 2.77% Procter & Gamble Hygiene and Health Care Ltd 2.20% Cummins India Ltd 1.84% Bata India Ltd 1.69% FAG Bearings India Ltd 1.68% Castrol India Ltd 1.39% Crisil Ltd 1.19% Wabco India Ltd 1.09% Colgate Palmolive India Ltd 0.84% Quess Corp 0.67% ACC Ltd 0.66% SML Isuzu Ltd 0.54% Oracle Financial Services Software Ltd 0.47% ITD Cementation India Ltd 0.38% Ambuja Cements Ltd 0.37% Nestle India Ltd 0.31% Federal-Mogul Goetze (India) Ltd 0.31% Siemens Ltd 0.24% Sanofi India Ltd 0.23% Akzo India Nobel Ltd 0.21% GE Power India 0.20% Blue Dart Express Ltd 0.17% GE T&D India 0.17% ABB India Ltd 0.15% Disa India Ltd 0.10% Schneider Electric Infrastructure Ltd 0.08% Blue Dart Express ICRA AA 0.00% Blue Dart Express ICRA AA 0.00% Blue Dart Express 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 0.32% Net receivables / payables -0.32% Life Midcap Fund % Indian Oil Corporation Ltd 3.01% Tube Investments of India Ltd 2.75% Mahindra CIE Automotive Ltd 2.62% KEC International Ltd 2.58% Federal Bank Ltd 2.58% Hindustan Petroleum Corporation Ltd 2.57% Gujarat State Petronet Ltd 2.38% Yes Bank Ltd 2.29% Tata Motors Ltd DVR Shares 2.19% MRF Ltd 2.15% Hindalco Industries Ltd 2.08% IRB Infrastructure Developers Ltd 2.03% Torrent Pharmaceuticals Ltd 1.97% Crompton Greaves Consumer Electricals 1.89% Aurobindo Pharma Ltd 1.87% RBL Bank 1.85% Shriram City Union Finance 1.75% Grasim Industries Ltd 1.75% Johnson Controls Hitachi Air Conditioning India Ltd 1.74% PNC Infratech 1.73% Bayer Cropscience Ltd 1.71% Solar Industries (I) Ltd 1.70% IDFC Ltd 1.66% FAG Bearings India Ltd 1.63% 78

95 Portfolio Pfizer Ltd 1.61% Union Bank of India 1.58% L and T Finance Holdings Ltd 1.48% Crompton Greaves Ltd 1.45% Finolex Cables Ltd 1.45% Hindustan Zinc Ltd 1.40% Jyothy Laboratories Ltd 1.38% Tata Power Co Ltd 1.36% JK Cements Ltd 1.23% Natco Pharma Ltd 1.22% Capital First 1.22% Emami Ltd 1.13% PNB Housing Finance 1.13% Aditya Birla Nuvo Ltd 1.11% Equitas Holdings 1.09% HSIL Ltd 1.08% Voltas Ltd 1.07% Firstsource Solutions Ltd 1.07% LIC Housing Finance Ltd 1.06% Petronet LNG Ltd 1.02% Bajaj Finserv Ltd 0.98% Divis Laboratories Ltd 0.96% Carborundum Universal Ltd 0.94% Simplex Infrastructures Ltd 0.94% Century Textiles & Industries Ltd 0.92% Gujarat Fluorochemicals Ltd 0.92% Bharat Financial Inclusion Ltd 0.91% TeamLease Services 0.88% Welspun India Ltd 0.87% Mindtree Ltd 0.86% Cyient 0.85% Colgate Palmolive India Ltd 0.85% SANGHI INDUSTRIES LTD 0.81% BSE 0.81% Inox Leisure Ltd 0.79% Ashok Leyland Ltd 0.75% Glaxosmithkline Consumer Healthcare Ltd 0.73% Satin Creditcare Network 0.72% Monte Carlo Fashions Ltd 0.64% Arvind Ltd 0.61% Cash & Current Assets 0.81% Net receivables / payables 6.86% Life Small & Midcap Fund % Mahanagar Gas 2.85% Sterlite Technologies Ltd 2.77% DCB Bank 2.63% KEC International Ltd 2.63% Firstsource Solutions Ltd 2.60% IRB Infrastructure Developers Ltd 2.57% Repco Home Finance Ltd 2.54% Federal Bank Ltd 2.53% Dewan Housing Finance Corporation Ltd 2.53% Gujarat State Petronet Ltd 2.37% V-Guard Industries 2.29% Bharat Financial Inclusion Ltd 2.29% India Cements Ltd 2.26% Carborundum Universal Ltd 2.26% Mahindra CIE Automotive Ltd 2.25% Torrent Pharmaceuticals Ltd 2.23% Dalmia Bharat 2.22% PNC Infratech 2.20% Endurance Technologies 2.18% Mangalore Refinery & Petrochemicals Ltd 2.17% Solar Industries (I) Ltd 2.16% Capital First 2.16% Jyothy Laboratories Ltd 2.13% SUVEN LIFE SCIENCES LIMITED 2.08% Indo Count Industries 2.00% J.Kumar Infraprojects Ltd 1.98% Rallis India Ltd 1.95% Cyient 1.93% Inox Leisure Ltd 1.91% Sanofi India Ltd 1.86% IDFC Ltd 1.83% Indian Bank 1.81% Laurus Labs 1.72% Natco Pharma Ltd 1.69% K.P.R. Mill 1.65% Akzo India Nobel Ltd 1.60% VIP Industries Ltd 1.44% Union Bank of India 1.28% Pennar Engineered Building Systems Ltd 1.28% Crompton Greaves Ltd 1.26% Relaxo Footwears 1.10% Orient Cement Ltd 0.99% Hinduja Global Solutions Ltd 0.96% Monte Carlo Fashions Ltd 0.89% HPL Electric & Power 0.80% Cash & Current Assets 11.62% Net receivables / payables -0.44% Life Pure Value Fund % India Cements Ltd 5.07% Chennai Petroleum Corporation Ltd 4.57% Sintex Industries Ltd 4.29% Hindustan Petroleum Corporation Ltd 4.15% Atul Ltd 3.94% L and T Finance Holdings Ltd 3.76% UPL 3.75% Indraprastha Gas Ltd 3.65% Bharat Petroleum Corp Ltd 3.09% Gail (India) Ltd 2.97% Vedanta Ltd 2.86% Gulf Oil Lubricants India Ltd 2.82% Glenmark Pharmaceuticals Ltd 2.80% Gujarat Narmada Valley Fertilizers & Chemicals Ltd 2.59% Gujarat Fluorochemicals Ltd 2.55% Indian Oil Corporation Ltd 2.46% Mahanagar Gas 2.26% K.P.R. Mill 2.25% Bharat Financial Inclusion Ltd 2.19% Tata Steel Ltd 2.10% Kaveri Seed Company Ltd 1.91% Grasim Industries Ltd 1.88% Blue Star Ltd 1.72% Federal Bank Ltd 1.62% NCC Ltd 1.59% Punjab National Bank 1.45% Inox Wind Ltd 1.40% NIIT Technologies Ltd 1.39% Torrent Pharmaceuticals Ltd 1.37% Orient Cement Ltd 1.36% Dishman Pharma & Chemicals Ltd 1.23% SRF Ltd 1.23% Indian Terrain Fashions Ltd 1.20% Unichem Laboratories Ltd 1.19% Neuland Laboratories Ltd 1.18% Ashok Leyland Ltd 1.17% Omkar Speciality Chemicals 1.12% Sanofi India Ltd 1.06% Pfizer Ltd 1.06% Astra Microwave Products Ltd 1.00% Sun Pharmaceuticals Industries Ltd 0.97% Equitas Holdings 0.87% SUVEN LIFE SCIENCES LIMITED 0.87% HPL Electric & Power 0.74% Power Finance Corporation Ltd 0.69% KEC International Ltd 0.57% Jindal Steel and Power Ltd 0.52% Monte Carlo Fashions Ltd 0.43% Cash & Current Assets 5.41% Net receivables / payables -2.33% Life Manufacturing Equity Fund % Maruti Suzuki India Ltd 7.09% Tata Chemicals Ltd 6.74% Vedanta Ltd 4.17% Hindustan Zinc Ltd 3.94% ITC Ltd 3.78% Bharat Electronics Ltd 3.18% MRF Ltd 2.94% Eicher Motors Ltd 2.92% Dishman Pharma & Chemicals Ltd 2.87% Tata Motors Ltd 2.80% Sun Pharmaceuticals Industries Ltd 2.78% Glaxosmithkline Consumer Healthcare Ltd 2.75% Grasim Industries Ltd 2.59% Ultratech Cement Ltd 2.57% Rallis India Ltd 2.49% Asian Paints Ltd 2.46% Century Textiles & Industries Ltd 2.41% Tata Steel Ltd 2.35% Kansai Nerolac Paints Ltd 2.31% AIA Engineering Ltd 2.23% Tata Coffee 1.88% Dr Reddys Laboratories Ltd 1.86% Hero MotoCorp Ltd 1.79% Greaves Cotton Ltd 1.75% Bata India Ltd 1.73% United Spirits Ltd 1.66% Torrent Pharmaceuticals Ltd 1.65% S H Kelkar & Company Ltd 1.49% Cummins India Ltd 1.49% Voltas Ltd 1.37% HEIDELBERGCEMENT INDIA LIMITED 1.25% Exide Industries Ltd 1.20% Wabco India Ltd 1.11% Hindustan Unilever Ltd 1.08% Piramal Enterprises Ltd 1.06% United Breweries Ltd 1.01% HSIL Ltd 0.91% Bajaj Auto Ltd 0.90% Raymond Ltd 0.86% Kewal Kiran Clothing 0.84% Birla Corporation Ltd 0.78% Clariant Chemicals India Ltd 0.61% Endurance Technologies 0.58% Inox Wind Ltd 0.44% Texmaco Rail & Engineering Ltd 0.11% IFGL REFRACTORIES LTD 0.02% Cash & Current Assets 4.83% Net receivables / payables 0.38% Life Banking and Financial Services Fund % Yes Bank Ltd 11.17% ICICI Bank Ltd 10.39% HDFC Bank Ltd 10.34% Bajaj Finance Ltd 7.44% Indusind Bank Ltd 6.41% State Bank of India 5.68% Cholamandalam Investment and Finance Company Ltd 5.31% Bank Of Baroda 5.00% Equitas Holdings 4.99% Repco Home Finance Ltd 4.55% L and T Finance Holdings Ltd 4.16% Bharat Financial Inclusion Ltd 3.71% DCB Bank 3.13% PNB Housing Finance 2.30% Capital First 2.20% Federal Bank Ltd 2.18% Bajaj Finserv Ltd 2.05% Shriram City Union Finance 1.68% Dewan Housing Finance Corporation Ltd 1.24% ICRA Ltd 1.18% ICICI Prudential Life Insurance Company 0.83% City Union Bank Ltd 0.75% Tourism Finance Corporation of India Ltd 0.14% Cash & Current Assets 3.81% Net receivables / payables -0.62% Life Dividend Yield Plus % ICICI Bank Ltd 5.77% Vedanta Ltd 4.53% Hindustan Petroleum Corporation Ltd 4.51% Sanofi India Ltd 3.23% Hindustan Zinc Ltd 2.88% Orient Cement Ltd 2.72% Bharat Petroleum Corp Ltd 2.68% Axis Bank Ltd 2.68% Kaveri Seed Company Ltd 2.57% Mahanagar Gas 2.54% Indian Oil Corporation Ltd 2.52% Greaves Cotton Ltd 2.36% Oracle Financial Services Software Ltd 2.36% Dalmia Bharat 2.22% Tech Mahindra Ltd 2.22% Dhanuka Agritech Ltd 2.20% Kewal Kiran Clothing 2.05% Pfizer Ltd 2.02% Federal Bank Ltd 2.02% Jagran Prakashan Ltd 1.95% Tata Chemicals Ltd 1.89% Procter & Gamble Hygiene and Health Care Ltd 1.71% Torrent Pharmaceuticals Ltd 1.61% Cummins India Ltd 1.57% Sintex Industries Ltd 1.54% State Bank of India 1.54% ICICI Prudential Life Insurance Company 1.53% HCL Technologies Ltd 1.52% GE Power India 1.38% 79

96 Portfolio IIFL Holdings Ltd 1.35% Multi Commodity Exchange of India Ltd 1.34% Orient Refractories 1.27% Welspun India Ltd 1.26% Sun TV Network Ltd 1.25% Castrol India Ltd 1.25% Unichem Laboratories Ltd 1.23% D.B.Corp Ltd 1.22% City Union Bank Ltd 1.15% Atul Auto 1.10% PTC India Ltd 1.09% Interglobe Aviation Ltd 0.93% INDUSTRIA DE DISENO TEXTIL SA 0.92% Power Grid Corporation of India Ltd 0.89% Ltd 0.87% Crompton Greaves Consumer Electricals 0.87% Crompton Greaves Ltd 0.85% Cairn India Ltd 0.85% Dewan Housing Finance Corporation Ltd 0.83% Oriental Hotels Ltd 0.76% Gateway Distriparks Ltd 0.75% Infosys Ltd 0.73% Jyothy Laboratories Ltd 0.69% The Jammu and Kashmir Bank Ltd 0.58% Gujarat Mineral Development Ltd 0.47% CPSE ETF 0.47% Automotive Axles Ltd 0.44% Orbit Exports Ltd 0.43% Sonata Software Ltd 0.41% Fortis Healthcare Ltd 0.41% K.P.R. Mill 0.37% Swaraj Engines Ltd 0.34% NIIT Technologies Ltd 0.31% VRL Logistic Ltd 0.18% Apar Industries Ltd 0.02% Cash & Current Assets 0.60% Net receivables / payables 1.18% Life Special Situations Fund % Indusind Bank Ltd 4.66% HDFC Bank Ltd 4.43% Yes Bank Ltd 4.33% ITC Ltd 4.09% UPL 3.86% Infosys Ltd 3.52% Tech Mahindra Ltd 3.27% HCL Technologies Ltd 3.05% Tata Motors Ltd 2.70% Maruti Suzuki India Ltd 2.64% Hindalco Industries Ltd 2.63% Atul Ltd 2.32% State Bank of India 2.24% SRF Ltd 2.18% Chennai Petroleum Corporation Ltd 2.04% Gujarat Fluorochemicals Ltd 2.02% Equitas Holdings 2.01% Kotak Mahindra Bank Ltd 1.87% ICICI Bank Ltd 1.85% Sun Pharmaceuticals Industries Ltd 1.74% Ambuja Cements Ltd 1.74% Crompton Greaves Consumer Electricals 1.65% J.Kumar Infraprojects Ltd 1.54% Dr Reddys Laboratories Ltd 1.47% Eicher Motors Ltd 1.43% Gulf Oil Lubricants India Ltd 1.37% Shriram City Union Finance 1.30% Mahanagar Gas 1.18% Bharat Petroleum Corp Ltd 1.17% Hindustan Petroleum Corporation Ltd 1.15% Ashok Leyland Ltd 1.13% Cummins India Ltd 1.12% Kaveri Seed Company Ltd 1.10% Motherson Sumi Systems Ltd 1.07% Glaxosmithkline Consumer Healthcare Ltd 1.07% Emami Ltd 1.07% Apollo Hospital Enterprise Ltd 1.06% L and T Finance Holdings Ltd 1.05% Larsen & Toubro Ltd 1.04% Sintex Industries Ltd 1.02% Zee Entertainment Enterprises Ltd 1.01% Lupin Ltd 0.97% Muthoot Finance Ltd 0.97% The Jammu and Kashmir Bank Ltd 0.96% IRB Infrastructure Developers Ltd 0.96% Inox Leisure Ltd 0.90% City Union Bank Ltd 0.86% Britannia Industries Ltd 0.86% Dish TV India Ltd 0.86% Hindustan Zinc Ltd 0.79% Aurobindo Pharma Ltd 0.77% Cyient 0.72% Satin Creditcare Network 0.71% Divis Laboratories Ltd 0.70% Hindustan Unilever Ltd 0.59% GE Power India 0.57% United Breweries Holdings Ltd 0.56% Blue Star Ltd 0.55% NIIT Technologies Ltd 0.51% United Spirits Ltd 0.23% Cash & Current Assets 3.42% Net receivables / payables -0.64% Life India Reforms Fund % Yes Bank Ltd 11.64% Eicher Motors Ltd 7.68% State Bank of India 6.25% ICICI Bank Ltd 5.79% Repco Home Finance Ltd 5.75% Capital First 5.73% Indusind Bank Ltd 5.66% Voltas Ltd 5.45% Maruti Suzuki India Ltd 4.92% Bajaj Finserv Ltd 4.74% Atul Auto 3.63% HDFC Bank Ltd 3.22% Cummins India Ltd 3.22% Bharat Petroleum Corp Ltd 2.67% Hindustan Zinc Ltd 2.49% VA Tech Wabag Ltd 2.23% Ashoka Buildcon Ltd 2.14% Indraprastha Gas Ltd 2.04% Hindalco Industries Ltd 1.90% Equitas Holdings 1.78% Natco Pharma Ltd 1.73% Tata Motors Ltd DVR Shares 1.64% Kotak Mahindra Bank Ltd 1.61% Larsen & Toubro Ltd 1.21% Bharat Electronics Ltd 1.16% GE Power India 1.03% Bayer Cropscience Ltd 0.51% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.10% Cash & Current Assets 2.67% Net receivables / payables -0.61% Life Infrastructure Fund % HDFC Bank Ltd 5.53% Honeywell Automation India Ltd 3.73% Wabco India Ltd 3.46% PTC India Ltd 3.29% Crompton Greaves Consumer Electricals 2.99% Ashoka Buildcon Ltd 2.97% Indraprastha Gas Ltd 2.70% Orient Cement Ltd 2.63% Federal Bank Ltd 2.61% Mahanagar Gas 2.49% Tata Motors Ltd 2.46% VA Tech Wabag Ltd 2.31% Indian Oil Corporation Ltd 2.25% Grasim Industries Ltd 2.22% Cairn India Ltd 2.16% ICICI Bank Ltd 2.10% Greaves Cotton Ltd 2.08% J.Kumar Infraprojects Ltd 2.04% Finolex Cables Ltd 1.93% Tata Chemicals Ltd 1.91% Multi Commodity Exchange of India Ltd 1.89% Sintex Industries Ltd 1.86% Blue Star Ltd 1.82% Hindustan Zinc Ltd 1.71% Capital First 1.71% Kaveri Seed Company Ltd 1.70% Cummins India Ltd 1.68% Muthoot Finance Ltd 1.61% Equitas Holdings 1.61% Kalpataru Power Transmission Ltd 1.59% Orient Refractories 1.58% L and T Finance Holdings Ltd 1.56% Inox Wind Ltd 1.56% KEC International Ltd 1.50% NCC Ltd 1.50% Carborundum Universal Ltd 1.49% Hindustan Petroleum Corporation Ltd 1.43% Bharat Petroleum Corp Ltd 1.33% Astra Microwave Products Ltd 1.28% Indusind Bank Ltd 1.22% Bajaj Finance Ltd 1.22% ICRA Ltd 1.20% Hindalco Industries Ltd 1.18% Bharti Infratel 1.15% IRB Infrastructure Developers Ltd 1.13% Vedanta Ltd 1.09% Ambuja Cements Ltd 1.07% Somany Ceramics Ltd 1.05% TD Power Systems Ltd 0.93% Tata Steel Ltd 0.76% GE Power India 0.74% Castrol India Ltd 0.71% Axis Bank Ltd 0.55% 0.40% Crompton Greaves Ltd 0.33% HPL Electric & Power 0.08% FAG Bearings India Ltd 0.04% Cash & Current Assets 1.30% Net receivables / payables -0.40% Life New Millennium Fund % Infosys Ltd 32.28% HCL Technologies Ltd 10.10% Tech Mahindra Ltd 9.80% NIIT Technologies Ltd 7.96% Cyient 6.15% Sonata Software Ltd 5.89% Tata Consultancy Services Ltd 4.69% Inox Leisure Ltd 4.51% Persistent Systems Ltd 4.23% Firstsource Solutions Ltd 2.57% KPIT Technologies 2.04% Sasken Communication Technologies Ltd 1.67% Zee Entertainment Enterprises Ltd 1.19% Bharti Infratel 1.05% Shemaroo Entertainment Ltd 0.99% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.28% Magnasound (I) Ltd 0.00% Cash & Current Assets 7.55% Net receivables / payables -2.94% Life India GenNext Fund % HDFC Bank Ltd 5.25% Maruti Suzuki India Ltd 4.82% ITC Ltd 4.21% Indusind Bank Ltd 3.86% Eicher Motors Ltd 3.76% Kotak Mahindra Bank Ltd 2.94% Ltd 2.85% Yes Bank Ltd 2.85% Asian Paints Ltd 2.47% Indian Oil Corporation Ltd 2.24% Tata Motors Ltd 2.13% ICICI Prudential Life Insurance Company 2.11% Sun Pharmaceuticals Industries Ltd 1.93% Britannia Industries Ltd 1.91% Bharat Financial Inclusion Ltd 1.88% Century Textiles & Industries Ltd 1.72% Zee Entertainment Enterprises Ltd 1.70% Jyothy Laboratories Ltd 1.67% Whirlpool of India Ltd 1.57% Emami Ltd 1.56% Castrol India Ltd 1.49% Repco Home Finance Ltd 1.48% LIC Housing Finance Ltd 1.41% Colgate Palmolive India Ltd 1.41% Blue Star Ltd 1.34% Voltas Ltd 1.33% Hindustan Unilever Ltd 1.22% Nestle India Ltd 1.21% Titan Company 1.18% ACC Ltd 1.15% Thyrocare Technologies Ltd 1.12% Grasim Industries Ltd 1.11% United Spirits Ltd 1.11% HEIDELBERGCEMENT INDIA LIMITED 1.06% Bajaj Finance Ltd 1.06% Apollo Hospital Enterprise Ltd 1.05% City Union Bank Ltd 1.02% Cholamandalam Investment and Finance Company Ltd 1.01% Aditya Birla Nuvo Ltd 1.01% Laurus Labs 0.99% Dr Reddys Laboratories Ltd 0.98% Bata India Ltd 0.91% Torrent Pharmaceuticals Ltd 0.91% Aurobindo Pharma Ltd 0.90% Jubilant Foodworks Ltd 0.89% Glaxosmithkline Consumer Healthcare Ltd 0.89% Exide Industries Ltd 0.88% Marico Ltd 0.83% Phoenix Mills Ltd 0.80% Cox and Kings Ltd 0.79% Capital First 0.79% Relaxo Footwears 0.79% Equitas Holdings 0.74% Inox Leisure Ltd 0.71% Dr. Lal Pathlabs 0.68% Sanofi India Ltd 0.67% Muthoot Finance Ltd 0.62% 80

97 Portfolio Dish TV India Ltd 0.60% Radico Khaitan Ltd 0.56% Monte Carlo Fashions Ltd 0.45% 6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.14% Magnasound (I) Ltd 0.00% Cash & Current Assets 3.47% Net receivables / payables 3.80% Life India Opportunities Fund % Cummins India Ltd 6.80% Tech Mahindra Ltd 6.70% Sanofi India Ltd 6.08% Honeywell Automation India Ltd 5.99% HCL Technologies Ltd 5.91% Infosys Ltd 5.27% Sun Pharmaceuticals Industries Ltd 5.12% Hindustan Zinc Ltd 4.84% Wabco India Ltd 4.48% NIIT Technologies Ltd 4.24% Reliance Industries Ltd 4.15% Torrent Pharmaceuticals Ltd 3.58% AIA Engineering Ltd 3.29% Vedanta Ltd 3.28% UPL 3.23% Aurobindo Pharma Ltd 2.76% Dr Reddys Laboratories Ltd 2.69% Persistent Systems Ltd 2.65% Sonata Software Ltd 2.61% Crisil Ltd 2.60% Bharat Forge Ltd 2.57% Glenmark Pharmaceuticals Ltd 2.03% KPIT Technologies 1.58% Lupin Ltd 1.55% Cyient 1.49% K.P.R. Mill 1.39% Dishman Pharma & Chemicals Ltd 1.10% Hindalco Industries Ltd 1.08% Brillio Technologies Pvt Ltd 0.00% Jainpur Straw Brd and Paper Ltd 0.00% Magnasound (I) Ltd 0.00% Oriqua Ltd 0.00% Sree Rama Polymer 0.00% Cash & Current Assets 2.28% Net receivables / payables -1.32% Life International Equity Fund - Plan A % Aetna Inc New 4.46% APPLE INC 4.31% The Boeing Co 3.73% AXA SA 3.65% VALERO ENERGY CORP 3.63% FEDEX CORP 3.56% NORDEA BANK AB 3.28% SWISS RE AG 3.17% HARMAN INTERNATIONAL 2.88% Delta Air Lines Inc 2.86% EASTMAN CHEMICAL CO 2.86% SANOFI 2.84% EXPEDIA INC 2.82% FORD MOTOR CO 2.80% Westfield Corporation 2.67% TELENOR 2.63% PING AN INS GRP-H 2.61% AMERISOURCE BERGEN CORP 2.51% CH ROBINSON WORLDWIDE ORD 2.51% Telstra Corporation Ltd 2.42% Koninklijke Ahold Delhaize NV 2.34% TJX ORD 2.32% TYSON FOODS INC 2.22% ESTEE LAUDER CL A ORD 2.10% MONSANTO CO 2.07% GILEAD SCIENCES INC 2.05% CVS CAREMARK CORP 2.04% PUBLICIS GROUPE SA 1.99% PROSIEBEN SAT.1 MEDIA SE 1.98% CenturyLink Inc 1.90% JOHNSON AND JOHNSON 1.85% QUALCOMM INC 1.83% Imperial Brands Plc 1.79% SAMSUNG ELECTRONICS - GDR 1.59% XEROX CORP 1.11% HEWLETT PACKARD CO 0.89% Dell Technologies Inc 0.78% Conduent Inc 0.47% Cash & Current Assets 6.72% Net receivables / payables -0.24% Life International Equity Fund - Plan B % HDFC Bank Ltd 6.42% Indian Oil Corporation Ltd 3.47% Infosys Ltd 3.34% Repco Home Finance Ltd 3.31% Bajaj Finance Ltd 2.59% Indusind Bank Ltd 2.39% Eicher Motors Ltd 2.30% Tata Motors Ltd 2.19% HCL Technologies Ltd 1.74% Shriram City Union Finance 1.74% Cummins India Ltd 1.67% Axis Bank Ltd 1.65% Tech Mahindra Ltd 1.58% IFGL REFRACTORIES LTD 1.57% ICICI Bank Ltd 1.56% D.B.Corp Ltd 1.47% PTC India Ltd 1.45% Kewal Kiran Clothing 1.39% Aurobindo Pharma Ltd 1.32% Hindustan Zinc Ltd 1.32% Emami Ltd 1.29% VST Industries Ltd 1.28% Atul Auto 1.26% Orient Refractories 1.20% Equitas Holdings 1.16% Indian Terrain Fashions Ltd 1.12% Ltd 1.09% APPLE INC 1.07% Hindalco Industries Ltd 1.04% Power Grid Corporation of India Ltd 1.03% Sanofi India Ltd 1.03% Mahanagar Gas 1.02% Ashoka Buildcon Ltd 0.97% ITC Ltd 0.97% Aetna Inc New 0.95% VALERO ENERGY CORP 0.92% AXA SA 0.91% Crompton Greaves Consumer Electricals 0.90% Vedanta Ltd 0.88% Cairn India Ltd 0.83% Kaveri Seed Company Ltd 0.82% FEDEX CORP 0.79% The Boeing Co 0.78% Oracle Financial Services Software Ltd 0.76% SWISS RE AG 0.76% EXPEDIA INC 0.74% SANOFI 0.70% NORDEA BANK AB 0.70% Orient Cement Ltd 0.70% EASTMAN CHEMICAL CO 0.68% HARMAN INTERNATIONAL 0.68% PROSIEBEN SAT.1 MEDIA SE 0.67% MONSANTO CO 0.66% Sun Pharmaceuticals Industries Ltd 0.65% Thomas Cook India Ltd 0.65% Koninklijke Ahold Delhaize NV 0.65% K.P.R. Mill 0.64% Westfield Corporation 0.64% Sonata Software Ltd 0.63% Dalmia Bharat 0.62% AMERISOURCE BERGEN CORP 0.62% JOHNSON AND JOHNSON 0.61% FORD MOTOR CO 0.61% TYSON FOODS INC 0.59% Imperial Brands Plc 0.59% TELENOR 0.59% QUALCOMM INC 0.58% City Union Bank Ltd 0.57% SAMSUNG ELECTRONICS - GDR 0.57% Grasim Industries Ltd 0.56% PING AN INS GRP-H 0.56% Delta Air Lines Inc 0.55% HEIDELBERGCEMENT INDIA LIMITED 0.54% Telstra Corporation Ltd 0.54% V-Mart Retail 0.53% CH ROBINSON WORLDWIDE ORD 0.52% TJX ORD 0.50% GILEAD SCIENCES INC 0.48% Orbit Exports Ltd 0.48% CVS CAREMARK CORP 0.48% ESTEE LAUDER CL A ORD 0.44% CenturyLink Inc 0.44% PUBLICIS GROUPE SA 0.42% XEROX CORP 0.33% The Jammu and Kashmir Bank Ltd 0.27% HEWLETT PACKARD CO 0.25% Dell Technologies Inc 0.20% Conduent Inc 0.14% Crompton Greaves Ltd 0.02% Cash & Current Assets 6.77% Net receivables / payables 0.32% Life Commodity Equities Fund - Global Agri Plan (GAP) % DEERE & CO 10.24% MONSANTO CO 9.14% SYNGENTA LTD REG SHS 8.44% ARCHER-DANIELS-MIDLAND CO 8.07% BRF SA 5.71% TYSON FOODS INC 5.70% ASSOCIATED BRITISH FOODS PLC 5.32% Potash Corp Of Saskatchewan Inc USD 5.31% Kubota Corp 5.20% BUNGE LTD 4.78% AGRIUM INC 4.25% INGREDION INC 3.99% WILMAR INTERNATIONAL LTD 3.35% The Mosaic Company 2.96% Marine Harvest ASA 2.83% CF INDUSTRIES HOLDINGS INC ORD SHS 2.71% YARA INTERNATIONAL ASA 2.01% Sociedad Quimica yminera de Chile SA 1.56% Uralkaliy OJSC SHS GDR 1.44% GOLDEN AGRI-RESOURCES LTD 1.10% Israel Chemicals Ltd 0.50% Nippon Meat Pack Ord 0.41% Cash & Current Assets 5.41% Net receivables / payables -0.45% Life Global Commodities Fund % Legg Manson Martin Currie Global Resources Fund 47.34% First State Glob Umbrella Fund Global Res Fund - I 45.46% Cash & Current Assets 31.61% Net receivables / payables % Life Global Real Estate Fund % ING (L) Invest Global Real Estate - I Cap USD 99.07% Cash & Current Assets 1.35% Net receivables / payables -0.42% Life Gold ETF % Gold 99.92% Cash & Current Assets 0.04% Net receivables / payables 0.04% Life Gold Fund % Life Gold ETF 98.79% Cash & Current Assets 1.35% Net receivables / payables -0.13% Life Asset Allocator Multi Manager FoF Scheme % SBI Magnum Gilt Fund - Long Term-Dir Pl % MOSt Focused Multicap 35-Direct Plan- Option 19.03% Life Cash Plus - - Direct Plan 18.75% Life Frontline Eq Fd - Gr - Direct Plan 9.00% SBI Blue Chip Fund-Direct Plan % Mirae Asset India Opp'ties Fund-Direct Plan- 5.25% IDFC Dynamic Bond Fund-Direct Plan- 3.39% Cash & Current Assets 6.19% Net receivables / payables -1.16% Life Financial Planning FOF- Aggressive Plan % MOSt Focused Multicap 35-Direct Plan- Option 15.79% Life Advantage Fund - Gr - Dir Pl 15.79% Life Frontline Eq Fd - Gr - Direct Plan 14.14% SBI Blue Chip Fund-Direct Plan % Life Cash Plus - - Direct Plan 13.10% Mirae Asset India Opp'ties Fund-Direct Plan % Life MediumTerm Plan -Gr - Direct Plan 6.16% R*Shares Gold BeES 2.58% SBI Magnum Gilt Fund - Long Term-Dir Pl % IDFC Dynamic Bond Fund-Direct Plan- 2.22% Kotak MF Gold ETF 1.62% Cash & Current Assets 0.85% Net receivables / payables -0.18% 81

98 Industry Allocation SAVINGS SOLUTIONS Life Enhanced Arbitrage Fund % Banks 15.41% Margin Fixed Deposit 13.03% Finance 9.69% Money Market Instruments 8.23% Auto 7.70% Petroleum Products 5.56% Consumer Non Durables 5.13% Pharmaceuticals 4.61% Corporate Debt 4.33% Software 3.07% Cement 2.84% Construction Project 2.80% Ferrous Metals 2.74% Media & Entertainment 2.54% Non - Ferrous Metals 1.86% Power 1.54% Oil 1.44% Services 1.06% Pesticides 0.92% Gas 0.52% Auto Ancillaries 0.47% Transportation 0.30% Construction 0.25% Minerals/Mining 0.24% Life Enhanced Arbitrage Fund % Industrial Products 0.23% Industrial Capital Goods 0.17% Telecom - Services 0.13% Textile Products 0.09% Chemicals 0.03% Futures and Options % Cash & Current Assets 3.90% Net receivables / payables 70.72% Total Net Assets % WEALTH CREATION SOLUTIONS Life Equity Savings Fund Life Balanced Advantage Fund Life Balanced 95 Fund Life Index Fund % Finance 16.70% Money Market Instruments 14.19% Banks 12.38% Government Bond 10.98% Consumer Non Durables 6.96% Pharmaceuticals 5.31% Auto 4.64% Petroleum Products 3.82% Construction Project 3.49% Cement 2.26% Oil 2.22% Non - Ferrous Metals 1.62% Industrial Products 1.53% Auto Ancillaries 1.52% Industrial Capital Goods 1.49% Services 1.29% Textile Products 0.86% Chemicals 0.80% Pesticides 0.77% Software 0.50% Consumer Durables 0.40% Engineering Services 0.36% Healthcare Services 0.32% Power 0.25% Minerals/Mining 0.25% Retailing 0.17% Futures and Options % Cash & Current Assets 1.05% Net receivables / payables 31.55% Total Net Assets % % Banks 13.74% Petroleum Products 7.98% Gas 7.89% Software 7.59% Power 5.46% Industrial Products 4.97% Chemicals 4.87% Auto 3.83% Non - Ferrous Metals 2.45% Consumer Non Durables 2.43% Pharmaceuticals 2.10% Telecom - Equipment & 2.10% Accessories Cement 1.86% Media & Entertainment 1.77% Exchange Traded Fund 1.43% Minerals/Mining 0.99% Oil 0.86% Auto Ancillaries 0.83% Industrial Capital Goods 0.82% Finance 0.73% Consumer Durables 0.73% Telecom - Services 0.53% Construction 0.26% Transportation 0.15% Corporate Debt 0.00% Futures and Options % Cash & Current Assets 22.03% Net receivables / payables 35.36% Total Net Assets % Note: The above Allocation is As on January 31, 2017 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. % Banks 14.29% Government Bond 12.81% Corporate Debt 9.15% Finance 7.03% Pharmaceuticals 6.52% Auto 6.27% Software 4.68% Consumer Non Durables 4.13% Petroleum Products 3.96% Mutual Fund Units 3.35% Media & Entertainment 2.49% Consumer Durables 2.33% Power 2.13% Industrial Products 1.94% State Government Bond 1.78% Chemicals 1.58% Pesticides 1.40% Construction Project 1.22% Non - Ferrous Metals 1.14% Cement 1.01% Floating Rate Note 1.00% Auto Ancillaries 0.99% Money Market Instruments 0.79% Industrial Capital Goods 0.79% Oil 0.77% Minerals/Mining 0.37% Gas 0.32% Retailing 0.26% Engineering Services 0.24% WARRANT 0.10% Telecom - Equipment & Accessories 0.09% Miscellaneous 0.00% Cash & Current Assets 5.06% Total Net Assets % % Futures and Options 23.92% Banks 18.69% Software 9.88% Auto 8.76% Consumer Non Durables 7.82% Finance 5.23% Petroleum Products 5.04% Pharmaceuticals 4.59% Construction Project 2.88% Power 2.50% Cement 2.37% Telecom - Services 1.45% Oil 1.34% Minerals/Mining 0.95% Ferrous Metals 0.75% Media & Entertainment 0.66% Transportation 0.66% Non - Ferrous Metals 0.61% Gas 0.53% Auto Ancillaries 0.51% Telecom - Equipment & Accessories 0.38% Industrial Capital Goods 0.31% Cash & Current Assets 16.00% Net receivables / payables % Total Net Assets % 82

99 Industry Allocation Life Frontline Equity Fund % Banks 21.92% Auto 8.80% Finance 8.59% Software 8.59% Consumer Non Durables 8.15% Pharmaceuticals 7.99% Petroleum Products 7.14% Power 3.30% Mutual Fund Units 2.69% Consumer Durables 2.39% Cement 2.38% Construction Project 2.01% Media & Entertainment 1.94% Non - Ferrous Metals 1.76% Auto Ancillaries 1.32% Minerals/Mining 1.26% Industrial Products 1.10% Industrial Capital Goods 0.79% Construction 0.79% Gas 0.75% Exchange Traded Fund 0.64% Pesticides 0.62% Oil 0.41% Ferrous Metals 0.22% WARRANT 0.19% Telecom - Services 0.13% Corporate Debt 0.04% Futures and Options -1.35% Cash & Current Assets 2.60% Net receivables / payables 2.83% Total Net Assets % Life Top 100 Fund % Banks 23.26% Pharmaceuticals 8.96% Software 8.44% Auto 8.41% Consumer Non Durables 6.68% Petroleum Products 6.66% Finance 5.78% Power 3.96% Cement 3.91% Non - Ferrous Metals 2.82% Consumer Durables 2.45% Industrial Capital Goods 1.66% Gas 1.51% Minerals/Mining 1.36% Media & Entertainment 1.24% Exchange Traded Fund 1.19% Construction Project 1.11% Industrial Products 1.11% Auto Ancillaries 0.87% Pesticides 0.84% Oil 0.72% Telecom - Equipment & Accessories 0.61% WARRANT 0.29% Telecom - Services 0.21% Corporate Debt 0.06% Futures and Options -1.97% Cash & Current Assets 4.67% Net receivables / payables 3.20% Total Net Assets % Life Equity Fund % Banks 17.84% Pharmaceuticals 9.86% Finance 7.86% Consumer Non Durables 6.71% Mutual Fund Units 6.63% Software 6.24% Auto 5.86% Cement 5.59% Chemicals 4.40% Petroleum Products 3.92% Oil 3.84% Telecom - Services 2.72% Non - Ferrous Metals 2.69% Media & Entertainment 1.89% Power 1.51% Consumer Durables 1.40% Auto Ancillaries 1.38% Industrial Products 1.05% Telecom - Equipment & Accessories 0.98% Ferrous Metals 0.74% Engineering Services 0.47% Industrial Capital Goods 0.34% Transportation 0.33% Textile Products 0.31% Miscellaneous 0.00% Futures and Options -2.19% Cash & Current Assets 5.91% Net receivables / payables 1.71% Total Net Assets % Life Advantage Fund % Banks 18.60% Auto 11.26% Finance 11.21% Pharmaceuticals 7.34% Consumer Non Durables 7.24% Petroleum Products 7.12% Non - Ferrous Metals 6.15% Cement 6.04% Software 4.97% Pesticides 3.13% Industrial Capital Goods 2.35% Gas 2.10% Construction Project 1.85% Textile Products 1.45% Telecom - Services 1.39% Auto Ancillaries 1.23% Ferrous Metals 1.21% Industrial Products 1.04% Media & Entertainment 0.53% Healthcare Services 0.45% Telecom - Equipment & Accessories 0.30% Miscellaneous 0.04% Cash & Current Assets 2.54% Net receivables / payables 0.46% Total Net Assets % Life MNC Fund % Consumer Non Durables 17.53% Finance 12.66% Pharmaceuticals 12.13% Auto Ancillaries 9.07% Pesticides 7.81% Industrial Capital Goods 7.69% Auto 7.36% Consumer Durables 6.30% Banks 5.11% Services 3.93% Industrial Products 3.52% Transportation 2.94% Petroleum Products 1.39% Cement 1.04% Commercial Services 0.67% Software 0.47% Construction 0.38% Corporate Debt 0.01% Miscellaneous 0.00% Cash & Current Assets 0.32% Net receivables / payables -0.32% Total Net Assets % Life Midcap Fund % Finance 12.79% Banks 8.31% Pharmaceuticals 7.63% Industrial Products 6.64% Petroleum Products 5.58% Auto Ancillaries 4.90% Cement 4.71% Consumer Durables 4.70% Construction 4.70% Consumer Non Durables 4.09% Construction Project 3.66% Non - Ferrous Metals 3.48% Gas 3.41% Auto 2.93% Software 2.78% Chemicals 2.62% Textile Products 2.12% Pesticides 1.71% Industrial Capital Goods 1.45% Power 1.36% Services 1.11% Commercial Services 0.88% Media & Entertainment 0.79% Cash & Current Assets 0.81% Net receivables / payables 6.86% Total Net Assets % Life Small & Midcap Fund % Finance 11.34% Pharmaceuticals 9.58% Banks 8.26% Industrial Products 7.28% Construction 6.75% Software 5.49% Cement 5.48% Gas 5.21% Consumer Non Durables 3.72% Industrial Capital Goods 3.55% Consumer Durables 3.35% Construction Project 2.63% Textile Products 2.54% Auto Ancillaries 2.18% Petroleum Products 2.17% Chemicals 2.16% Textiles - Cotton 2.00% Pesticides 1.95% Media & Entertainment 1.91% Ferrous Metals 1.28% Cash & Current Assets 11.62% Net receivables / payables -0.44% Total Net Assets % Life Pure Value Fund % Petroleum Products 17.09% Pharmaceuticals 11.73% Chemicals 10.19% Gas 8.88% Cement 8.31% Finance 7.51% Textile Products 5.11% Industrial Products 4.29% Pesticides 3.75% Banks 3.07% Non - Ferrous Metals 2.86% Ferrous Metals 2.61% Consumer Durables 2.46% Construction Project 2.16% Consumer Non Durables 1.91% Industrial Capital Goods 1.40% Software 1.39% Auto 1.17% Telecom - Equipment & Accessories 1.00% Cash & Current Assets 5.41% Net receivables / payables -2.33% Total Net Assets % Note: The above Allocation is As on January 31, 2017 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. 83

100 Country/Industry Allocation Life Manufacturing Equity Fund Life Special Situations Fund Life Infrastructure Fund Life India GenNext Fund % Consumer Non Durables 18.42% Auto 15.49% Pharmaceuticals 10.21% Cement 9.61% Non - Ferrous Metals 8.11% Chemicals 7.35% Auto Ancillaries 5.83% Industrial Products 5.48% Industrial Capital Goods 3.73% Consumer Durables 2.65% Pesticides 2.49% Ferrous Metals 2.35% Textile Products 1.70% Construction Project 1.37% Cash & Current Assets 4.83% Net receivables / payables 0.38% Total Net Assets % Life Banking And Financial Services Fund % Banks 55.04% Finance 41.77% Cash & Current Assets 3.81% Net receivables / payables -0.62% Total Net Assets % Life Dividend Yield Plus % Banks 13.73% Petroleum Products 10.96% Pharmaceuticals 8.10% Software 7.55% Non - Ferrous Metals 7.41% Industrial Products 7.07% Finance 5.91% Consumer Non Durables 4.97% Cement 4.95% Media & Entertainment 4.43% Textile Products 4.11% Gas 2.54% Industrial Capital Goods 2.25% Pesticides 2.20% Power 1.98% Chemicals 1.89% Transportation 1.87% Auto 1.10% International Equity 0.92% Consumer Durables 0.87% Oil 0.85% Hotels, Resorts And Other Recreational Activities 0.76% Minerals/Mining 0.47% Exchange Traded Fund 0.47% Auto Ancillaries 0.44% Healthcare Services 0.41% Cash & Current Assets 0.60% Net receivables / payables 1.18% Total Net Assets % % Banks 21.20% Software 11.07% Consumer Non Durables 9.00% Auto 7.90% Finance 6.60% Petroleum Products 5.73% Pharmaceuticals 5.65% Chemicals 4.35% Pesticides 3.86% Non - Ferrous Metals 3.43% Media & Entertainment 2.77% Construction 2.49% Consumer Durables 2.19% Textile Products 2.18% Industrial Products 2.14% Cement 1.74% Gas 1.18% Auto Ancillaries 1.07% Healthcare Services 1.06% Construction Project 1.04% Industrial Capital Goods 0.57% Cash & Current Assets 3.42% Net receivables / payables -0.64% Total Net Assets % Life India Reforms Fund % Banks 34.18% Finance 18.00% Auto 17.87% Construction Project 8.80% Non - Ferrous Metals 4.39% Industrial Products 3.22% Petroleum Products 2.67% Engineering Services 2.23% Industrial Capital Goods 2.19% Gas 2.04% Pharmaceuticals 1.73% Pesticides 0.51% Media & Entertainment 0.10% Cash & Current Assets 2.67% Net receivables / payables -0.61% Total Net Assets % Life International Equity Fund - Plan A % United States 61.89% Australia 5.09% France 4.83% Germany 4.30% Sweden 3.28% Swaziland 3.17% Norway 2.63% Hong Kong 2.61% Netherlands 2.34% Switzerland 1.79% Korea, Republic Of 1.59% Cash & Current Assets 6.72% Net receivables / payables -0.24% Total Net Assets % % Banks 12.01% Finance 10.80% Industrial Products 10.65% Industrial Capital Goods 7.28% Construction Project 5.97% Cement 5.93% Petroleum Products 5.72% Gas 5.18% Consumer Durables 4.89% Power 4.87% Construction 4.21% Non - Ferrous Metals 3.98% Auto Ancillaries 3.46% Auto 2.46% Telecom - Equipment & Accessories 2.43% Engineering Services 2.31% Oil 2.16% Chemicals 1.91% Consumer Non Durables 1.70% Ferrous Metals 0.76% WARRANT 0.40% Cash & Current Assets 1.30% Net receivables / payables -0.40% Total Net Assets % Life New Millennium Fund % Software 87.37% Media & Entertainment 6.97% Telecom - Equipment & Accessories 1.05% Miscellaneous 0.00% Cash & Current Assets 7.55% Net receivables / payables -2.94% Total Net Assets % Life International Equity Fund - Plan B % United States 15.04% Banks 12.85% Finance 9.89% Software 8.05% Auto 5.75% Industrial Products 4.45% Consumer Non Durables 4.35% Textile Products 3.63% Petroleum Products 3.47% Non - Ferrous Metals 3.25% Pharmaceuticals 3.00% Power 2.49% Cement 2.42% Media & Entertainment 1.47% Australia 1.17% Germany 1.17% France 1.13% Gas 1.02% Construction Project 0.97% Consumer Durables 0.90% Oil 0.83% Swaziland 0.76% Sweden 0.70% % Consumer Non Durables 19.94% Banks 15.91% Finance 13.95% Auto 10.71% Pharmaceuticals 6.39% Consumer Durables 5.80% Cement 5.04% Petroleum Products 3.73% Media & Entertainment 3.15% Healthcare Services 2.85% Construction Project 1.33% Services 1.01% Auto Ancillaries 0.88% Construction 0.80% Transportation 0.79% Textile Products 0.45% Miscellaneous 0.00% Cash & Current Assets 3.47% Net receivables / payables 3.80% Total Net Assets % Life India Opportunities Fund % Software 30.45% Pharmaceuticals 24.90% Industrial Products 12.65% Non - Ferrous Metals 9.20% Industrial Capital Goods 5.99% Auto Ancillaries 4.48% Petroleum Products 4.15% Pesticides 3.23% Finance 2.60% Textile Products 1.39% Miscellaneous 0.00% Cash & Current Assets 2.28% Net receivables / payables -1.32% Total Net Assets % Life International Equity Fund - Plan B % Services 0.65% Netherlands 0.65% Switzerland 0.59% Norway 0.59% Korea, Republic Of 0.57% Hong Kong 0.56% Retailing 0.53% Industrial Capital Goods 0.02% Cash & Current Assets 6.77% Net receivables / payables 0.32% Total Net Assets % Note: The above Allocation is As on January 31, 2017 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. 84

101 Country/Industry Allocation Life Commodity Equities Fund - Global Agri Plan (GAP) % United States 59.12% Switzerland 13.76% Japan 5.62% Norway 4.83% Mauritius 4.45% Canada 4.25% Chile 1.56% Russian Federation 1.44% Cash & Current Assets 5.41% Net receivables / payables -0.45% Total Net Assets % Life Global Commodities Fund % Mutual Fund Units 92.80% Cash & Current Assets 31.61% Net receivables / payables % Total Net Assets % Life Global Real Estate Fund % Mutual Fund Units 99.07% Cash & Current Assets 1.35% Net receivables / payables -0.42% Total Net Assets % Life Gold ETF % GOLD 99.92% Cash & Current Assets 0.04% Net receivables / payables 0.04% Total Net Assets % Life Gold Fund % Exchange Traded Fund 98.79% Cash & Current Assets 1.35% Net receivables / payables -0.13% Total Net Assets % Life Asset Allocator Multi Manager Fof Scheme % Mutual Fund Units 94.97% Cash & Current Assets 6.19% Net receivables / payables -1.16% Total Net Assets % Life Financial Planning FOF-Aggressive Plan % Mutual Fund Units 95.14% Exchange Traded Fund 4.20% Cash & Current Assets 0.85% Net receivables / payables -0.18% Total Net Assets % TAX SAVINGS SOLUTIONS Life Tax Relief 96 Life Tax Plan Life Tax Savings Fund % Banks 14.35% Auto Ancillaries 13.74% Pharmaceuticals 10.37% Finance 8.14% Consumer Non Durables 7.40% Cement 5.57% Industrial Capital Goods 5.05% Pesticides 4.92% Software 4.29% Auto 4.15% Consumer Durables 3.86% Media & Entertainment 3.25% Services 2.99% Petroleum Products 2.33% Transportation 2.28% Retailing 2.03% Construction Project 1.75% Industrial Products 1.35% Non - Ferrous Metals 0.50% Miscellaneous 0.00% Cash & Current Assets 2.03% Net receivables / payables -0.35% Total Net Assets % % Auto Ancillaries 14.03% Banks 13.73% Pharmaceuticals 10.21% Finance 7.97% Consumer Non Durables 7.30% Cement 5.42% Industrial Capital Goods 5.04% Pesticides 4.93% Software 4.14% Auto 4.05% Consumer Durables 3.86% Media & Entertainment 3.12% Services 2.99% Transportation 2.27% Petroleum Products 2.24% Retailing 2.04% Construction Project 1.67% Industrial Products 1.30% Non - Ferrous Metals 0.48% Miscellaneous 0.00% Cash & Current Assets 3.70% Net receivables / payables -0.47% Total Net Assets % % Banks 15.09% Auto Ancillaries 14.57% Pharmaceuticals 9.30% Finance 8.37% Consumer Non Durables 6.65% Cement 5.88% Industrial Capital Goods 5.15% Pesticides 4.93% Software 4.55% Auto 4.02% Consumer Durables 3.60% Media & Entertainment 3.42% Services 2.60% Petroleum Products 2.45% Transportation 2.36% Retailing 2.10% Construction Project 1.83% Industrial Products 1.42% Non - Ferrous Metals 0.53% Cash & Current Assets 1.75% Net receivables / payables -0.56% Total Net Assets % Note: The above Allocation is As on January 31, 2017 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. 85

102 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. 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 ` 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 ` 100 and the entry load is 1%, the investor will enter the fund at ` 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 ` 100 and the exit load is 1%, the investor will receive ` 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 sub-categories. 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. 86

103 Convenience, now at your service. You can access our services anywhere by simply registering yourself on our website, mutualfund.birlasunlife.com Here s all that we offer: SMS/ alert Instant account statements and NAV information on your registered ID/mobile number. Missed call Give a missed call to from your registered mobile number to know your folio value at zero charges. Online Register on our website and gain access to your folio online anytime, anywhere. IVR Get information on your last five transactions and perform functions like redemption and switch simply by calling at e-kyc With the help of your PAN/Aadhar Card, you can complete your KYC online. Call-back Immediate call back option from our call centre executives during peak time. This service could be availed on our website and via the FinGo App. mutualfund.birlasunlife.com

104 Life Asset Management Company (Investment Manager for Life Mutual Fund) One IndiaBull Centre, Tower 1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone ROad, Mumbai CIN: U65991 MH1994PLC Mutual Fund investments are subject to market risks, read all scheme related documents carefully.