Star Fund House of the Year- Debt

Transcription

1 Star Fund House of the Year- Debt Awarded by ICRA Past performance is no guarantee of future results. For Mutual Fund House of the Year: 4 fund houses were eligible out of a universe of 26. Period: 4 quarterly CPRs in 27. For ICRA Award: 24 fund houses were eligible For award methodology & further details of refer page 2 Toll Free: (MTNL / BSNL) / Non Toll Free: Website: sms GAIN to connect@birlasunlife.com

2 Star Fund House of the Year - Debt Awarded by ICRA Birla Sun Life Dynamic Bond Fund Open Ended Debt - Short Term (17 Schemes), 1 year ended 31-Dec-8 Birla Sun Life Gilt Plus - Regular Plan Open Ended Gilt (22 Schemes), 3 years ended 31-Dec-8 Birla Sun Life Frontline Equity Fund Open Ended Diversified Equity Defensive (62 & 55 Schemes), 1 & 3 years ended 31-Dec-8 resp. Birla Sun Life Dividend Yield Plus Open Ended Diversified Equity - Aggressive (51 Schemes), 1 year ended 31-Dec-8 Birla Sun Life MNC Fund Open Ended Diversified Equity - Aggressive (51 Schemes), 1 year ended 31-Dec-8 Birla Sun Life Liquid Plus - Institutional Plan Open Ended Liquid Plus - Institutional Plan(34 Schemes), 1 year ended 31-Dec-8 Birla Sun Life Income Plus Open Ended Debt - Long Term (21 Schemes), 3 years ended 31-Dec-8 Past Performance is no guarantee of future results. Award Methodology & Disclaimers: ICRA Mutual Fund Awards 29: Birla Sun Life Mutual Fund Star Fund House of the Year Debt : Birla Sun Life Mutual Fund won Star Fund House of the Year by ICRA Mutual Fund Awards 29 in the Debt Category. In total 24 fund houses were eligible for the award. To qualify for the award a fund house needs to have atleast one ranked scheme in each of the four debt categories defined by ICRA. The scoring considered the asset under management and assessed the number of superior performing schemes managed by the fund house over the one-year period ended 31 Dec 28. Birla Sun Life Dynamic Bond Fund 7-Star Fund in Open Ended Debt - Short Term schemes category 17 Schemes 1 year performance ended 31 Dec 28. Birla Sun Life Dividend Yield Plus 5-Star Fund in Open Ended Diversified Equity - Aggressive schemes Category 51 Schemes 1 year performance ended 31 Dec 28. Birla Sun Life MNC Fund 5-Star Fund in Open Ended Diversified Equity - Aggressive schemes Category 51 Schemes 1 year performance ended 31 Dec 28. Birla Sun Life Frontline Equity Fund - 5-Star Fund in the category of Open Ended Diversified Equity - Defensive schemes Category 51 Schemes 1 year performance ended 31 Dec 28. Birla Sun Life Frontline Equity Fund Two 5-Star Fund Rankings both in Open Ended Diversified Equity - Defensive schemes Category 51 and 55 Schemes 1 and 3 year performance ended 31 Dec 28 respectively. Birla Sun Life Liquid Plus - Institutional Plan - 5-Star Fund in the category of Open Ended Liquid Plus - Institutional Plan schemes Category 34 Schemes 1 year performance ended 31 Dec 28. Birla Sun Life Income Plus - 5-Star Fund in the category of Open Ended Debt Long Term schemes Category 21 Schemes 3 year performance ended 31 Dec 28. Birla Sun Life Gilt Plus-Regular Plan - 5-Star Fund in the category of Open Ended Gilt schemes Category 21 Schemes 3 year performance ended 31 Dec 28. The rank for the schemes is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration, portfolio turnover and liquidity. 7-Star Fund Rank indicates - Best Performance amongst the 5-Star Funds. 5-Star Fund Rank indicates - Best performance (Top 1% of the category). Entry/Exit Loads not considered. Past Performance is no guarantee of future results. Ranking Source & Publisher: ICRA Online Limited CNBC TV18 Crisil Mutual Fund House of the Year Award Methodology: Birla Sun Life Mutual Fund, Category - Mutual Fund House of the Year, out of 26 Fund houses. Fund Houses winning at least two awards for their schemes in the category level awards for 27 were considered for the award based on consistency of fund house's performance across various scheme categories in the four quarterly CRISIL CPR rankings released during the calendar year 27. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses. Detailed methodology available at

3 Market Outlook Equity Market Indian equity markets started the year positive on the central government's second fiscal stimulus package. The RBI also chipped in through monetary stimulus that helped the market earlier in the month. However, the effect was nullified by the shock the markets received from the Satyam scam after the initial euphoria. The absence of another round of rate cuts in the RBI policy review also did not help the already damp sentiment. BSE Sensex ended with a loss of points or 2.31% to end the month at The sectors that were hit the most included Real Estate that melted 26.65% followed by Bankex, which fell 1.17%. Among the gainers, Oil & Gas was up 3.35% and Auto was up 2.27%, supported by the cut in the motor fuel prices that raised anticipation of higher demand. Power stocks gained after the Central Electricity Regulatory Commission (CERC) upped return on equity on power companies to 15.5% from the existing 14% - applicable on projects from 29 to 214. The Satyam financial fraud bodes ill for liquidity and specifically for sentiment. Focused investors are likely to scrutinize corporate governance, disclosures, composition of boards; use of cash proceeds etc. & stay invested or switch into perceived high quality companies. We believe that the long term consumption/ urbanization theme as India is less dependent on global growth than other Asian economies. Though, some impact on domestic consumption is inevitable, India is in much better shape with high forex reserves and much lower consumer gearing. It is important to acknowledge that business cycles and asset markets tend to overshoot and undershoot, and some of the recent slowdown in economic activity, which only a short time ago seemed highly improbable now might have a chance of transpiring. However, going forward we are keenly watching certain key developments which are likely to impact course of markets. On global front, confidence was further shaken when Chinese exports, after growing by more than 2 percent a year over the last few years and being seen as a key growth engine, reported collapse in growth. It is believed that the Chinese the economy is highly dependent on exports, where tens of millions of workers are employed. The millions of new migrant workers that flock to export factories every year have been driving the urban housing boom. Now with the export engine down, the scale of job losses from Chinese manufacturing sector would be unprecedented, causing social unrest. Global developments provide clear feedback to markets in terms of financial flows both into secondary market and capital financing (in primary debt and equity markets), in turn impacting underlying economic activity. It would also be crucial to monitor how the current risk aversion trade reverses. In this context corporate bond spreads are vital. A sustained rally in equity markets is more likely to be led by falling corporate bond spreads than better economic data in the short-term. Recently, the Fed's action in the commercial paper market has dramatically reduced yields and spreads in that market in recent months. More recently, the BoJ and BoE have also hinted that they may be willing to consider buying corporate debt which is likely to ultimately start to bring down spreads. On domestic front, upcoming general election could sway the markets either way. The uncertainty and possibility of a large coalition government at the centre would create ambiguity over future policy actions and hence business sentiments. Corporate earnings scorecard for the December quarter was uninspiring on overall basis. The BSE5 members that reported results (total 322), non-banking companies registered a decline of 37% yoy while banks showed a 24% yoy increase for Banks in Net Profit. Overall sales growth stood at 4% yoy while EBITDA declined 2% yoy signaling a margin compression. On sectoral basis, Banks, Telecom and IT were the only positive surprises while on the flipside Capital Goods, Construction, Commodities and Real Estate showed poor numbers. As the current financial year comes to a close, after the fourth quarter, there is a risk of further downgrades to consensus earnings expectations for the coming fiscal. Although, while, much of the negatives are already in the current stock prices, in an economic environment like the current one, sentiments may overrule the underlying fundamentals. Then again, precisely such scenarios yield attractive opportunities. Our assessment of the opportunity present for the Indian economy remains unchanged. If and when right policy levers are used, it would not be difficult to match the potential either. In the short term, though, the markets may behave in unpredictable ways as various participants weigh their tactical moves. As a strategy, we consider it prudent to gradually invest incrementally into equities through 29 with a 3 to 5 years investment horizon. Corporate performance is likely to look up from the later part of the fiscal 29-1 and the equity markets should bottom out some time before that. Debt Market Bond market The 1-year yield rose to as high as 6.18% during the month after making a historical intraday low of 4.86% at the start of the month. The 1 year yield on AAA corporate paper moved from 8% to a high of 9.15% during the month making it one of the most volatile month. Money market yields maintained a downward trend on back of easy liquidity with 1 year CDs coming down from a high of 8.5% to making a low of 6.9%. Macro factors overall supported the debt market but bonds appeared to have hit a ceiling on concerns of overwhelming supply. Government is expected to come up with an additional borrowing requirement for FY9 which will flood the market and thus an upward pressure on the yields. The government on January 6th raised the borrowing target for the fourth quarter to garner funds for meeting rising expenses. Exports dropped 1.1% yoy in December, a third consecutive drop as the global slowdown dampens demand. The trade deficit narrowed in December due to a sharp drop in the cost of oil imports. The industrial output rose 2.4% in November y-o-y, rebounding from the previous month's revised decline of.3%. Fiscal deficit during April-December stood at 2.18 trillion rupees, ($44.5 billion) or 163.8% of the annual target. The government has borrowed INR 2.15 Tr as against budgeted INR 1.45 Tr. Yields on government securities across the globe came off from the lows reached during December despite macro factors being in support of the debt market. European bonds faced selling pressure with several European countries facing sovereign rating downgrades. Central banks still continue on rate cutting spree with BoE bringing down its policy rate to historical low. ECB, Australia, Bank of Korea and Taiwan also cut their policy rates. Fed maintained the target rate near zero and in addition announced the extension of swap lines with various central banks across the globe and continuation of existing liquidity facilities in domestic markets. IMF has cut down the global growth forecast to.5% from 2.2%, the lowest ever since World War-II. The outlook remains bleak for the current year. On January 2, the RBI had cut the LAF rates by 1 bps and eased CRR by 5 bps, releasing Rs.2, crores into the system. Later in its Policy review meeting, Reserve Bank of India kept all its policy rates unchanged. Though, policy stance remains considerably dovish and paves way for further monetary easing as and when required. RBI's stance on growth and inflation matches the market consensus as they expect both the economic indicators to ease substantially. We expect RBI to ease further over next few months as economic news gets gloomier. RBI acknowledges that non-banking financial resources for banking system have dried up causing increased demand for credit from the banking system. This remains a key reason for elevated bond spreads. We expect the credit growth to slow down considerably over next two quarters, easing pressure on banking system to industry's financing needs. We don't think that RBI is pausing in easing rates, and the current stance of 'hold' is only to accommodate the transmission of deep rate cuts RBI has orchestrated over last three months. Since RBI has extended the refinance window for MFs and NBFCs till September, it augurs well for further easing in the money market rates. 1-year Gsec is trading at 5.8/85 and is likely to take fresh cues from IIP, GDP, export-import data and unscheduled auction announcements in the coming weeks. Bond yields are likely to be choppy in the near-term owing to the prevailing uncertainty over additional government borrowing. Macro factors support bonds but those aspects have been fully factored in and bonds remain bogged down by short-term uncertainties. The vote-on-account to be held on 16th February is much awaited for. Current scenario remains a tug-of-war between unprecedented monetary easing and huge bond supply causing the volatility. We expect the markets will remain volatile till the issue of additional borrowing is resolved. Our Investment Team (In alphabetical order) A. Balasubramanian Chief Investment Officer Achala Kanitkar Research Analyst - Equity Ajay Argal Co - Head Equity Ajay Garg Fund Manager - Equity Ankit Sancheti Fund Manager - Equity Atul Penkar Hemang Dagli Hina Sampat Lokesh Mallya Mahesh Patil Fund Manager - Equity Sr. Dealer - Equity & Deri. Specialist Executive - Knowledge Management Credit Analyst-Fixed Income Co - Head Equity Maneesh Dangi Paresh Khandelwal Prasad Dhonde Sanjay Chawla Co - Head Fixed Income Equity Analyst Fund Manager - Debt Fund Manager - Equity Satyabrata Mohanty Sujit Patki Sunaina da Cunha Vineet Maloo Co - Head Fixed Income Dealer-Equity Fund Manager - Debt Fund Manager - Equity 3

4 Birla Sun Life Equity Fund As on January 3, 29 Fund Manager : Mr. Mahesh Patil Managing Fund Since : October 1,26 Total Experience : 16 years Date of inception : August 27, 1998 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 4.1 ( Payout, Reinvestment & Sweep) Growth : Benchmark : BSE 2 Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Rs. 5 crores - Nil Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months Rs. 5 crores - Nil *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 32.1% Sharpe Ratio ## : -.23 Beta :.93 Annual Portfolio Turnover ratio : 4.33 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 9% equity and 1% debt and money market securities. Birla Sun Life Equity Fund - Growth BSE 2 Systematic Investment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Equity Fund... Date of First Installment : October 1, 1998 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Investment Period 1 Year 3 Years Total Investment (Rs.) Banks HDFC Bank Ltd State Bank of India 3.3 ICICI Bank Ltd Axis Bank Ltd Indian Bank 1.42 Kotak Mahindra Bank Ltd..88 Petroleum Products 9.26 Reliance Industries Ltd Indian Oil Corporation Ltd Telecom-Services 8.15 Bharti Airtel Ltd Reliance Communications Ltd Finance 5.44 HDFC Ltd Rural Electrification Corporation Ltd United Breweries Holdings Ltd..94 IDFC Ltd..69 India Infoline Ltd..52 Consumer Non Durables 4.6 ITC Ltd United Spirits Ltd. 1.3 Industrial Capital Goods 4.51 Bharat Heavy Electricals Ltd Crompton Greaves Ltd Value (Rs.) of SIP in Returns (%)* BSE 2 Birla Sun Life BSE 2 Equity Fund Since Inception Last 5 years Last 3 years Last 1 year Thermax Ltd..84 Bharat Bijlee Ltd..59 Power 4.43 Tata Power Company Ltd CESC Ltd. 1.6 KEC International Ltd. 1.1 Oil 3.86 Oil & Natural Gas Corporation Ltd Software 3.44 Infosys Technologies Ltd. 3.5 Megasoft Ltd..39 Pharmaceuticals 3.6 Dr. Reddy's Laboratories Ltd. 2.6 Sun Pharmaceutical Industries Ltd..97 Maestro Mediline Systems Ltd..3 Construction Projects 1.61 Larsen & Toubro Ltd Non - Ferrous Metals 1.61 Sterlite Industries (India) Ltd Retailing 1.39 Pantaloon Retail (India) Ltd Pantaloon Retail -Bonus- Class B Shares Ser 1 **.14 ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.14% Years Since Inception Birla Sun Life Equity Fund Media & Entertainment 1.17 Balaji Telefilms Ltd..64 Jagran Prakashan Ltd..53 Magnasound India Ltd.**. Cement.74 Century Textile & Industries Ltd..74 Diversified.65 Hindustan Unilever Ltd..65 Construction.44 IVRCL Infrastructures & Projects Ltd..44 Future and Options CNX Nifty Fut Feb State Bank Of India Fut Feb9.91 Reliance Infrastructure Ltd. Fut Feb Larsen & Toubro Ltd. Fut Feb9 1.1 Reliance Communications Ltd. Fut Feb9 1. Auto.16 Maruti Suzuki India Ltd..16 Cash & Cash Equivalents 25.8 Net receivables / payables -7.4 Total Net Asset 1. Value Research Rating# Birla Sun Life Equity Fund Equity Diversified (131 Schemes), for 3 & 5 Years periods ending 31-Jan-9 CRISIL~CPR 2^^ Birla Sun Life Equity Fund Consistent CPR Performer - Equity ( 29 Schemes), 5 Yrs ended 31-Dec-8 4 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47

5 Birla Sun Life cap Fund As on January 3, 29 Fund Manager : Mr. A. Balasubramaniam & Mr. Sanjay Chawla Managing Fund Since : September 12,27 Total Experience : 18 years / 13 Years Date of inception : October 3, 22 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : ( Payout, Reinvestment & Sweep) Growth : Benchmark : CNX cap Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Rs. 5 crores - Nil Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months Rs. 5 crores - Nil *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 33.8% Sharpe Ratio ## : -.28 Beta :.86 Annual Portfolio Turnover ratio : 1.18 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) An open-ended growth scheme with the objective to achieve long-term growth of capital at controlled level of risk by primarily investing in midcap stocks SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life cap Fund... Investment Period 1 Year 3 Years Birla Sun Life cap Fund - Growth Total Investment (Rs.) Consumer Non Durables 16.3 Marico Ltd ITC Ltd Balrampur Chini Mills Ltd. 2.4 Colgate-Palmolive (India) Ltd. 2.7 Shaw Wallace Company Ltd Asian Paints (India) Ltd..48 Banks Union Bank of India 4.56 Bank of India 3.13 Indian Bank 1.99 Axis Bank Ltd Bank of Baroda 1.21 Indian Overseas Bank.94 Petroleum Products 7.58 Hindustan Petroleum Corporation Ltd Bharat Petroleum Corporation Ltd. 3.3 Castrol (India) Ltd. 1.2 Power 5.67 Tata Power Company Ltd Jyoti Structures Ltd KEC International Ltd..55 GVK Power & Infrastructure Ltd..29 Construction 4.64 IVRCL Infrastructures & Projects Ltd Simplex Infrastructures Ltd Unitech Ltd CNX cap Systematic Investment CNX cap Value (Rs.) of SIP in Returns (%)* Birla Sun Life cap Fund Date of First Installment : November 1, 22 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Fertilisers 4.15 Tata Chemicals Ltd Industrial Capital Goods 4. Crompton Greaves Ltd. 1.2 Thermax Ltd..99 Bharat Bijlee Ltd..66 Bharati Shipyard Ltd..62 AIA Engineering Ltd..53 Pharmaceuticals 3.95 Lupin Ltd Glenmark Pharmaceuticals Ltd..12 Divis Laboratories Ltd..5 Chemicals 3.47 Solar Explosives Ltd Industrial Products 2.75 Sintex Industries Ltd Minerals/Mining 2.8 Nava Bharat Ventures Ltd. 2.8 Auto Ancillaries 2.5 Exide Industries Ltd Apollo Tyres Ltd..46 Ferrous Metals 1.67 Monnet Ispat Ltd Finance 1.53 Rural Electrification Corporation Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. CNX cap Birla Sun Life cap Fund Since Inception Last 5 years Last 3 years Last 1 year Years Since Inception Pesticides 1.45 United Phosphorus Ltd Transportation 1.21 Great Eastern Shipping Company Ltd Oil 1.5 Aban Offshore Ltd. 1.5 Media & Entertainment 1.2 Sun TV Network Ltd. 1.2 Software.7 Tech Mahindra Ltd..39 Infotech Enterprises Ltd..32 Cement.45 India Cements Ltd..45 Consumer Durables.36 Havells India Ltd..36 Future and Options.8 Crompton Greaves Ltd. Fut Feb 29.8 Cash & Cash Equivalents 18.3 Net receivables / payables 2.11 Total Net Asset 1. Value Research Rating# Birla Sun Life cap Fund Equity Diversified (131 Schemes), for 3 & 5 Years periods ending 31-Jan-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 5

6 Birla Sun Life Frontline Equity Fund As on January 3, 29 Fund Manager : Mr. Mahesh Patil Managing Fund Since : October 1,26 Total Experience : 16 years Date of inception : August 3, 22 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : ( Payout, Reinvestment & Sweep) Growth : 4.81 Benchmark : BSE 2 Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months Rs. 5 crores - Nil *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 28.2% Sharpe Ratio ## : -.3 Beta :.82 Annual Portfolio Turnover ratio : 4.36 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 1% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Frontline Equity Fund... Investment Period 1 Year Total Investment (Rs.) Banks HDFC Bank Ltd. 3.8 State Bank of India 2.42 ICICI Bank Ltd Axis Bank Ltd Bank of Baroda 1.52 Oriental Bank of Commerce.69 Petroleum Products 11.9 Reliance Industries Ltd Indian Oil Corporation Ltd Hindustan Petroleum Corporation Ltd Telecom-Services 7.46 Bharti Airtel Ltd Reliance Communications Ltd. 2.5 Software 6.79 Infosys Technologies Ltd Tata Consultancy Services Ltd Power 5.57 Tata Power Company Ltd Reliance Infrastructure Ltd CESC Ltd Birla Sun Life Frontline Equity Fund - Growth BSE 2 Systematic Investment Date of First Installment : October 1, 22 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Value (Rs.) of SIP in Returns (%)* Birla Sun Life BSE 2 BSE 2 Frontline Equity Fund Consumer Non Durables 5.36 ITC Ltd United Spirits Ltd Nestle India Ltd Oil 4.38 Oil & Natural Gas Corporation Ltd Industrial Capital Goods 4.37 Crompton Greaves Ltd Bharat Heavy Electricals Ltd Bharat Electronics Ltd Thermax Ltd..3 Finance 3.13 Rural Electrification Corporation Ltd HDFC Ltd Pharmaceuticals 3.5 Cipla Ltd. 1.7 Sun Pharmaceutical Industries Ltd. 1. Dr. Reddy's Laboratories Ltd..98 Construction Projects 2.31 Larsen & Toubro Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Birla Sun Life Frontline Equity Fund Since Inception Last 5 years Last 3 years Last 1 year Years Years Since Inception Non - Ferrous Metals 1.69 Sterlite Industries India Ltd Fertilisers.97 Tata Chemicals Ltd..97 Transportation.71 Jet Airways (India) Ltd..71 Media & Entertainment.47 Television Eighteen India Ltd..47 Future and Options 12.6 CNX Nifty Fut Feb State Bank Of India Fut Feb Reliance Comm Ltd. Fut Feb Ferrous Metals.12 Tata Steel Ltd..12 Cash & Cash Equivalents Net receivables / payables -6.5 Total Net Asset 1. Value Research Rating# Birla Sun Life Frontline Equity Fund Equity: Diversified (131 Schemes), for 3 & 5 Years periods ending 31-Jan-9 CRISIL~CPR 1^^ Birla Sun Life Frontline Equity Fund Diversified Equity Scheme (8 Schemes), 2 Yrs ended 31-Dec-8 && CNBC TV-18 CRISIL AWARD 27 Birla Sun Life Frontline Equity Fund Category: Cap oriented Equity Fund 1 yr performance ended 31 Dec, 7 Total Schemes in Category = 22 6 (Past performance is no guarantee of future results.) for ranking methodology please refer page 5-Star Award by ICRA Birla Sun Life Frontline Equity Fund Open Ended Diversified Equity - Defensive (55 Schemes), 3 year ended 5-Star Award by ICRA Birla Sun Life Frontline Equity Fund Open Ended Diversified Equity - Defensive (62 Schemes), 1 year ended 31-Dec-8

7 Birla Sun Life Tax Relief 96 An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years As on January 3, 29 Fund Manager : Mr. Ajay Garg Managing Fund Since : October 1,26 Total Experience : 15 years Date of inception : March 29, 1996 Nature of the scheme : An Open - ended ELSS Scheme Default option : Dividend Payout Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 5/- Redemption Cheques : Within 1 working days Systematic Withdrawal : Not Available Systematic Transfer : Not Available Dividend : 43.1 (Payout, Reinvestment & Sweep) Growth (w.e.f. 6/3/8) : 5.7 Benchmark : BSE 2 Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Rs. 5 crores - Nil Exit Load : Nil *For direct application: Entry Load is Nil. Standard Deviation : 36.% Sharpe Ratio ## : -.3 Beta : 1.2 Annual Portfolio Turnover ratio :.85 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) An open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 8% equity, 2% debt and money market securities SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Tax Reiief Investment Period 1 Year 3 Years Total Investment (Rs.) Banks 15.6 State Bank of India 5.22 HDFC Bank Ltd ICICI Bank Ltd ING Vysya Bank Ltd Axis Bank Ltd Kotak Mahindra Bank Ltd..88 Finance 9.96 HDFC Ltd ICRA Ltd United Breweries Holdings Ltd India Infoline Ltd. 1.8 Industrial Capital Goods 9.29 Bharat Heavy Electricals Ltd Honeywell Automation India Ltd Crompton Greaves Ltd Bharat Bijlee Ltd..66 Siemens Ltd..58 Petroleum Products 9.1 Reliance Industries Ltd. 9.1 Construction Project 5.39 Larsen & Toubro Ltd Birla Sun Life Tax Relief 96 - Dividend BSE 2 Systematic Investment Value (Rs.) of SIP in Returns (%)* Birla Sun Life BSE 2 BSE 2 Tax Relief 96 Date of First Installment : April 1, 1996 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Power 4.47 Reliance Infrastructure Ltd. 3.6 GVK Power & Infrastructure Ltd..87 Telecom-Services 4.43 Bharti Airtel Ltd Auto Ancillaries 4.11 Bosch Ltd MRF Ltd..77 Ferrous Metals 2.9 Jindal Steel & Power Ltd Tata Steel Ltd..53 Auto 2.69 Maruti Suzuki India Ltd. 2. Mahindra & Mahindra Ltd..69 Pesticides 2.52 United Phosphorus Ltd Rallis India Ltd..2 Consumer Non Durables 2.38 Shaw Wallace & Company Ltd Radico Khaitan Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Returns assume reinvestment of the tax free dividend declared. Birla Sun Life Tax Relief 96 Since Inception Last 5 years Last 3 years Last 1 year Years Since Inception Software 2.33 Infosys Technologies Ltd Tata Consultancy Services Ltd..61 Hotels 2.9 Asian Hotels Ltd Taj GVK Hotels & Resorts Ltd..81 Industrial Products 1.93 Cummins India Ltd Transportation 1.22 Jet Airways (India) Ltd Media & Entertainment 1.15 Television Eighteen India Ltd Magnasound India Ltd.**. Trading.38 Uniphos Enterprises Ltd..38 Cash & Cash Equivalents 16.9 Net receivables / payables 1.26 Total Net Asset 1. ** Represents thinly traded/ non traded securities. Total percentage of thinly/non traded securities is %. Ranked 3rd among Top Performing Equity & Funds in the world by Lipper Birla Sun Life Tax Relief 96 Equity Funds (632 funds), 1 Yrs ended 31-Dec-7 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 7

8 Birla Sun Life Infrastructure Fund As on January 3, 29 An open-ended growth scheme with the objective to providing for medium to long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India. 1 Year Since Inception Fund Manager : Mr. Mahesh Patil Managing Fund Since : Since inception Total Experience : 16 years Date of inception : March 17, 26 Nature of the scheme : An open-ended growth scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 7.35 ( Payout, Reinvestment & Sweep) Growth : 7.92 Benchmark : S&P CNX NIFTY Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Infrastructure Fund... Investment Period Birla Sun Life Infrastructure Fund - Growth Total Investment (Rs.) S&P CNX Nifty Systematic Investment S&P CNX NIFTY Value (Rs.) of SIP in Returns (%)* Birla Sun Life Infrastructure Fund S&P CNX NIFTY Birla Sun Life Infrastructure Fund Since Inception Last 1 year Date of First Installment : April 1, 26 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months Rs. 5 crores - Nil *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 37.72% Sharpe Ratio ## : Beta :.92 Annual Portfolio Turnover ratio : 2.89 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) Power CESC Ltd PTC India Ltd. 2.5 KEC International Ltd Jyoti Structures Ltd Tata Power Company Ltd. 1.4 GVK Power & Infrastructure Ltd LANCO Infratech Ltd..77 Kalpataru Power Transmission Ltd..28 Banks 1.61 HDFC Bank Ltd Axis Bank Ltd ICICI Bank Ltd State Bank of India 1.64 South Indian Bank Ltd..8 Petroleum Products 8.31 Reliance Industries Ltd Industrial Capital Goods 7.18 Bharat Heavy Electricals Ltd Crompton Greaves Ltd. 1.6 Bharat Electronics Ltd Thermax Ltd. 1.3 Bharati Shipyard Ltd..59 Telecom-Services 7.12 Bharti Airtel Ltd Reliance Communications Ltd Finance 4.99 HDFC Ltd Rural Electrification Corporation Ltd Power Finance Corporation Ltd..68 Oil 4.7 Oil & Natural Gas Corporation Ltd. 4.7 Construction Project 2.87 Larsen & Toubro Ltd Voltas Ltd..46 Construction 2.43 Nagarjuna Construction Company Ltd ITD Cementation India Ltd..55 Madhucon Projects Ltd..42 Hindustan Sanitaryware & Industries Ltd..27 Gas 2.3 Gujarat Gas Company Ltd. 2.3 Transportation 1.64 Gateway Distriparks Ltd Arshiya International Ltd..4 Industrial Products 1.46 Finolex Cables Ltd..65 Kirloskar Oil Engines Ltd..5 Torrent Cables Ltd..31 Ferrous Metals.96 Maharashtra Seamless Ltd..96 Hotels.52 Taj GVK Hotels & Resorts Ltd..52 Future and Options CNX Nifty Fut Feb State Bank of India Fut Feb Larsen & Toubro Ltd Fut Feb Cash & Cash Equivalents Net receivables / payables Total Net Asset 1. && CNBC TV-18 CRISIL AWARD 27 Emerging Equity Fund of the Year Birla Sun Life Infrastructure Fund-Growth 1 yr performance ended 31 Dec, 7 Total Schemes in Category = 14 8 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47

9 Birla Sun Life Basic Industries Fund As on January 3, 29 Fund Manager : Mr. Ankit Sancheti Managing Fund Since : November 3,27 Total Experience : 8 years Date of inception : January 15, 2 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE 2 Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Rs. 5 crores - Nil Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months Rs. 5 crores - Nil *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 33.54% Sharpe Ratio ## : -.31 Beta :.97 Annual Portfolio Turnover ratio : 2.19 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) A multi-sector open-ended growth scheme with the objective of long term growth capital, through a portfolio with a target allocation of 1% equity, focusing on investing in companies sensitive to economic cycles and commodity pricing cycles. The investments will be in companies which are often referred to as cyclical companies SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Basic Industries Fund... Investment Period Year 3 Years Total Investment (Rs.) Petroleum Products Reliance Industries Ltd Indian Oil Corporation Ltd. 2.3 Apar Industries Ltd Bharat Petroleum Corporation Ltd Banks Bank of Baroda 3.51 Union Bank of India 2.75 State Bank of India 2.62 ICICI Bank Ltd Axis Bank Ltd..51 Power 9.93 NTPC Ltd Jyoti Structures Ltd Tata Power Company Ltd PTC India Ltd..94 Industrial Capital Goods 7.11 Bharat Heavy Electricals Ltd Crompton Greaves Ltd Thermax Ltd..71 Bharati Shipyard Ltd..65 Elecon Engineering Ltd..44 Bharat Bijlee Ltd Systematic Investment Date of First Installment : March 1, 2 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) -4. Birla Sun Life Basic Industries Fund - Growth BSE 2 Value (Rs.) of SIP in Returns (%)* Birla Sun Life Basic BSE 2 BSE 2 Industries Fund Consumer Non Durables 4.21 Balrampur Chini Mills Ltd Mcleod Russel India Ltd. 1.6 Ferrous Metals 4.14 Maharashtra Seamless Ltd. 2.1 Jindal Steel & Power Ltd Jindal Saw Ltd..58 Finance 3.5 HDFC Ltd. 3.5 Oil 2.77 Oil & Natural Gas Corporation Ltd Industrial Products 2.66 Sintex Industries Ltd Carborundum Universal Ltd..61 TRF Ltd..4 Fertilisers 2.42 Tata Chemicals Ltd Coromandel Fertilisers Ltd Construction 2.6 IVRCL Infrastructures & Projects Ltd Nagarjuna Construction Company Ltd..52 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Birla Sun Life Basic Industries Fund Since Inception Last 5 years Last 3 years Last 1 year Years Since Inception Construction Projects 1.72 Larsen & Toubro Ltd Paper 1.43 Ballarpur Industries Ltd Non - Ferrous Metals 1.25 Hindustan Zinc Ltd Auto Ancillaries 1.13 Exide Industries Ltd Gas.21 Gujarat State Petronet Ltd..21 Transportation.1 Gateway Distriparks Ltd..1 Future and Options 13.4 CNX Nifty Fut Feb Cash & Cash Equivalents 17.4 Net receivables / payables 1.23 Total Net Asset 1. 9

10 Birla Sun Life India GenNext Fund As on January 3, 29 Fund Manager : Mr. A.Balasubramaniam & Mr. Sanjay Chawla Managing Fund Since : September 12,27 Total Experience : 18 years / 13 years Date of inception : August 5, 25 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 9.84 (Payout, Reinvestment & Sweep) Growth : Benchmark : S&P CNX NIFTY Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 27.6% Sharpe Ratio ## : -.27 Beta :.8 Annual Portfolio Turnover Ratio : 1.32 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) 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 SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life India GenNext Fund... Investment Period Total Investment (Rs.) Consumer Non Durables ITC Ltd Glaxosmithkline Consumer Healthcare Ltd Nestle India Ltd Colgate-Palmolive (India) Ltd Shaw Wallace & Company Ltd Banks ICICI Bank Ltd State Bank of India 3.2 Axis Bank Ltd HDFC Bank Ltd Kotak Mahindra Bank Ltd Federal Bank Ltd Telecom-Services 9.72 Bharti Airtel Ltd Year 3 Years Birla Sun Life India GenNext Fund - Growth S&P CNX Nifty Systematic Investment Value (Rs.) of SIP in Returns (%)* S&P CNX NIFTY Birla Sun Life India GenNext Fund Date of First Installment : September 1, 25 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Reliance Communications Ltd Finance 8.54 HDFC Ltd Pharmaceuticals 8.5 Sun Pharmaceutical Industries Ltd Glaxosmithkline Pharmaceuticals Ltd Diversified 6.35 Hindustan Unilever Ltd Software 3.57 Everonn Systems India Ltd Core Projects & Technologies Ltd Petroleum Products 2.3 Castrol (India) Ltd. 2.3 S&P CNX NIFTY Birla Sun Life India GenNext Fund Since Inception Last 3 years Last 1 year Since Inception Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more Media & Entertainment 1.94 Zee Entertainment Enterprises Ltd. 1. Zee News Ltd..57 Jagran Prakashan Ltd..38 Retailing 1.71 Pantaloon Retail (India) Ltd Pantaloon Retail - Bonus - Class B Shares Ser 1 **.16 Transportation 1.37 Jet Airways (India) Ltd Consumer Durables 1.16 Bajaj Electricals Ltd Cash & Cash Equivalents 8.88 Net receivables / payables.85 Total Net Asset 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.16% 1

11 Birla Sun Life Advantage Fund As on January 3, 29 Fund Manager : Mr. A.Balasubramaniam Managing Fund Since : September 12,27 Total Experience : 18 years Date of inception : February 24, 1995 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE SENSEX Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 31.65% Sharpe Ratio ## : -.41 Beta :.98 Annual Portfolio Turnover ratio : 2.56 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) 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 SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Advantage Fund... Investment Period 1 Year 3 Years Birla Sun Life Advantage Fund - Growth Total Investment (Rs.) Banks ICICI Bank Ltd Axis Bank Ltd State Bank of India 3.2 HDFC Bank Ltd. 2.8 Indian Bank 1.23 Petroleum Products 12.3 Reliance Industries Ltd Indian Oil Corporation Ltd. 5.6 Bharat Petroleum Corporation Ltd Telecom-Services 7.24 Bharti Airtel Ltd Reliance Communications Ltd. 1.8 Idea Cellular Ltd Software 6.82 Infosys Technologies Ltd Tata Consultancy Services Ltd Core Projects & Technologies Ltd..76 Consumer Non Durables 6.8 ITC Ltd United Spirits Ltd Balrampur Chini Mills Ltd Industrial Capital Goods 5.24 Bharat Heavy Electricals Ltd. 3.8 BSE Sensex Systematic Investment BSE SENSEX Value (Rs.) of SIP in Returns (%)* Birla Sun Life Advantage Fund Date of First Installment : March 1, 1995 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Thermax Ltd..86 Emco Ltd..58 Ferrous Metals 5.14 Jindal Steel & Power Ltd Welspun Gujarat Stahl Rohren Ltd JSW Steel Ltd..47 Cement 3.98 India Cements Ltd ACC Ltd Century Textiles & Industries Ltd Finance 3.87 HDFC Ltd Power 2.81 Reliance Infrastructure Ltd KEC International Ltd Construction Project 2.46 Larsen & Toubro Ltd Construction 1.74 Nagarjuna Construction Company Ltd..92 Unitech Ltd..67 Dharti Dredging & Infrastructure Ltd.**.15 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. BSE SENSEX Birla Sun Life Advantage Fund Since Inception Last 5 years Last 3 years Last 1 year **Represents thinly traded / non traded securities. Total percentage of thinly/non traded securities is.15% Years Since Inception 7.54 Non - Ferrous Metals 1.67 Sterlite Industries India Ltd Diversified 1.58 Aditya Birla Nuvo Ltd Transportation 1.4 Jet Airways India Ltd. 1.4 Pharmaceuticals 1.27 Cipla Ltd Auto 1.16 Tata Motors Ltd Oil.92 Aban Offshore Ltd..92 Fertilisers.67 Tata Chemicals Ltd..67 Future and Options -.98 Sterlite Industries Ltd. Fut Feb United Spirit Ltd. Fut Feb Cash & Cash Equivalents Net receivables / payables 8.33 Total Net Asset 1. 11

12 Birla Sun Life Tax Plan An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years As on January 3, 29 Fund Manager : Mr. Sanjay Chawla Managing Fund Since : September 12,27 Total Experience : 13 years Date of inception : February 16, 1999 Nature of the scheme : An Open - ended ELSS Scheme Default option : Dividend Payout Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 5/- Redemption Cheques : Within 1 working days Systematic Withdrawal : Not Available Systematic Transfer : Not Available Dividend : (Payout & Sweep) Growth : 7.5 Benchmark : BSE SENSEX Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : Nil *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 31.33% Sharpe Ratio ## : -.36 Beta :.94 Annual Portfolio Turnover ratio : 1.7 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 SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Tax Plan... Investment Period 1 Year 3 Years Total Investment (Rs.) Petroleum Products 11.5 Reliance Industries Ltd Indian Oil Corporation Ltd Telecom-Services 1.56 Bharti Airtel Ltd Reliance Communications Ltd Banks 1.35 HDFC Bank Ltd State Bank of India 3.26 Punjab National Bank 1.81 Federal Bank Ltd Birla Sun Life Tax Plan - Dividend BSE Sensex Systematic Investment Value (Rs.) of SIP in Returns (%)* BSE SENSEX Birla Sun Life Tax Plan Date of First Installment : March 1, 1999 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Oil & Natural Gas Corporation Ltd. 4.7 Pharmaceuticals 4.48 Sun Pharmaceutical Industries Ltd Dr. Reddys Laboratories Ltd. 2.4 Chemicals 3.1 Solar Explosives Ltd. 3.1 Non - Ferrous Metals 2.82 Sterlite Industries (India) Ltd Transportation 2.62 Mundra Port And Special Economic Zone Ltd BSE SENSEX Birla Sun Life Tax Plan Since Inception Last 5 years Last 3 years Last 1 year Years Since Inception Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Returns assume reinvestment of the tax free dividend declared. GAIL (India) Ltd Ferrous Metals 1.85 Maharashtra Seamless Ltd Finance 1.74 HDFC Ltd Construction 1.24 Simplex Infrastructures Ltd..75 Gammon India Ltd..49 Cement 1.14 ACC Ltd Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) Industrial Capital Goods 7.8 Bharat Electronics Ltd Bharat Heavy Electricals Ltd Bharat Bijlee Ltd..72 Power 6.3 Tata Power Company Ltd NTPC Ltd Consumer Non Durables 5.28 ITC Ltd. 5.9 Marico Ltd..2 Fertilisers 2.61 Tata Chemicals Ltd Auto Ancillaries 2.36 Goodyear India Ltd Construction Project 2.34 Larsen & Toubro Ltd Retailing 2.3 Pantaloon Retail (India) Ltd Pantaloon Retail -Bonus - Class B Shares Ser 1 **.19 Diversified.89 Hindustan Unilever Ltd..89 Software.74 Infosys Technologies Ltd..74 Industrial Products.73 TRF Ltd..73 Cash & Cash Equivalents Net receivables / payables -7.4 Name of the scheme has been changed w.e.f 23/6/8. Erstwhile: Birla Equity Plan Oil 4.7 Gas 1.99 ** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is.19%. Total Net Asset 1. 12

13 Birla Sun Life Index Fund As on January 3, 29 Fund Manager : Mr. Ajay Garg Managing Fund Since : October 1,27 Total Experience : 15 years Date of inception : September 18, 22 Nature of the scheme : Open - ended Index Linked Growth Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 Working days Systematic Withdrawal : Not Available Systematic Transfer : Not Available Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : S&P CNX NIFTY Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load : Nil Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 15 days **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 31.61% Sharpe Ratio ## : -.22 Beta :.99 Annual Portfolio Turnover ratio : 3.5 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) An open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Index Fund... Investment Period 1 Year 3 Years Total Investment (Rs.) Petroleum Products 1.53 Reliance Industries Ltd Reliance Petroleum Ltd Bharat Petroleum Corporation Ltd..57 Power 1.5 NTPC Ltd. 6.3 Power Grid Corporation of India Ltd. 1.5 Reliance Power Ltd. 1.3 Tata Power Company Ltd..68 Reliance Infrastructure Ltd..54 Telecom-Services 7.37 Bharti Airtel Ltd Reliance Communications Ltd Idea Cellular Ltd..59 Tata Communications Ltd..52 Banks 6.9 State Bank of India 2.94 ICICI Bank Ltd HDFC Bank Ltd Punjab National Bank.51 Oil 6.9 Oil & Natural Gas Corporation Ltd Cairn India Ltd Software 6.71 Infosys Technologies Ltd. 3.1 Tata Consultancy Services Ltd. 2.2 Wipro Ltd Birla Sun Life Index Fund - Growth S&P CNX Nifty Systematic Investment S&P CNX NIFTY Value (Rs.) of SIP in Returns (%)* Birla Sun Life Index Fund Date of First Installment : October 1, 22 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) HCL Technologies Ltd..31 Industrial Capital Goods 3.58 Bharat Heavy Electricals Ltd. 2.6 ABB Ltd..41 Suzlon Energy Ltd..29 Siemens Ltd..28 Consumer Non Durables 2.74 ITC Ltd Diversified 2.3 Hindustan Unilever Ltd. 2.3 Finance 2.2 HDFC Ltd Reliance Capital Ltd..45 Auto 1.95 Hero Honda Motors Ltd..71 Maruti Udyog Ltd..66 Mahindra & Mahindra Ltd..31 Tata Motors Ltd..27 Ferrous Metals 1.93 Steel Authority of India Ltd Tata Steel Ltd..54 Pharmaceuticals 1.83 Sun Pharmaceutical Industries Ltd..9 Cipla Ltd..6 Ranbaxy Laboratories Ltd..33 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. S&P CNX NIFTY Birla Sun Life Index Fund Since Inception Last 5 years Last 3 years Last 1 year Years Since Inception Non-Ferrous Metals 1.64 Sterlite Industries India Ltd..79 National Aluminium Company Ltd..52 Hindalco Industries Ltd..34 Construction Projects 1.63 Larsen & Toubro Ltd Construction 1.43 DLF Ltd Unitech Ltd..21 Cement 1.26 Grasim Industries Ltd..44 Ambuja Cements Ltd..43 ACC Ltd..38 Gas 1. GAIL (India) Ltd. 1. Media & Entertainment.19 Zee Entertainment Enterprises Ltd..19 Future and Options CNX Nifty Fut Feb Cash & Cash Equivalents Net receivables / payables Total Net Asset 1. 13

14 Birla Sun Life New Millennium Fund As on January 3, 29 Fund Manager : Mr. Atul Penkar Managing Fund Since : September 12,27 Total Experience : 9 years Date of inception : January 15, 2 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 7.45 (Payout, Reinvestment & Sweep) Growth : 9.41 Benchmark : BSE Teck Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 29.41% Sharpe Ratio ## : -.55 Beta :.94 Annual Portfolio Turnover ratio : 1.3 A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 1% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life New Millennium Fund... Investment Period Year 3 Years Birla Sun Life New Millennium Fund - Growth Total Investment (Rs.) Software Infosys Technologies Ltd Tata Consultancy Services Ltd. 7. Wipro Ltd Systematic Investment Date of First Installment : March 1, 2 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) BSE Teck BSE Teck Value (Rs.) of SIP in Returns (%)* Birla Sun Life New Millennium Fund Telecom-Services Bharti Airtel Ltd Idea Cellular Ltd Reliance Communications Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. BSE Teck Birla Sun Life New Millennium Fund Since Inception Last 5 years Last 3 years Last 1 year Years Since Inception Magnasound India Ltd. **. Hardware 5.8 Allied Digital Services Ltd HCL Technologies Ltd HCL Infosystems Ltd..25 3i Infotech Ltd Infotech Enterprises Ltd. 2.2 Megasoft Ltd Tech Mahindra Ltd Media & Entertainment 8.35 Jagran Prakashan Ltd PVR Ltd ETC Networks Ltd Cash & Cash Equivalents Net receivables / payables 3.53 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) Subex Ltd..97 TV Today Network Ltd. 1.9 Core Projects and Technologies Ltd..89 Balaji Telefilms Ltd..58 Total Net Asset 1. ** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is.%. 14

15 Birla Sun Life Top 1 Fund As on January 3, 29 Fund Manager : Mr. Ajay Argal Managing Fund Since : October 1,27 Total Experience : 15 years Date of inception : October 24, 25 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 9.36 (Payout, Reinvestment & Sweep) Growth : Benchmark : S&P CNX NIFTY Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 27.36% Sharpe Ratio ## : -.27 Beta :.83 Annual Portfolio Turnover ratio : 1.44 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) An open-ended growth scheme with the objective to provide medium to longterm capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities of top 1 companies as measured by market capitalization SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Top 1 Fund... Investment Period -41. Total Investment (Rs.) Petroleum Products Reliance Industries Ltd Bharat Petroleum Corporation Ltd Indian Oil Corporation Ltd Telecom-Services 9.1 Bharti Airtel Ltd Reliance Communications Ltd. 1.9 Software 8.69 Infosys Technologies Ltd Tata Consultancy Services Ltd Consumer Non Durables 7.91 ITC Ltd Nestle India Ltd Banks 7.84 ICICI Bank Ltd HDFC Bank Ltd Axis Bank Ltd Oriental Bank of Commerce.86 1 Year 3 Years Birla Sun Life Top 1 Fund - Growth S&P CNX Nifty Systematic Investment Value (Rs.) of SIP in Returns (%)* S&P CNX NIFTY Birla Sun Life Top 1 Fund Date of First Installment : November 1, 25 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Oil 5.82 Oil & Natural Gas Corporation Ltd Industrial Capital Goods 5.82 Bharat Heavy Electricals Ltd Bharat Electronics Ltd Pharmaceuticals 4.84 Sun Pharmaceutical Industries Ltd Dr. Reddy's Laboratories Ltd Power 4.12 NTPC Ltd CESC Ltd..94 Finance 3.59 HDFC Ltd Diversified 3.54 Hindustan Unilever Ltd Auto Ancillaries 2.57 Bosch Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. S&P CNX NIFTY Birla Sun Life Top 1 Fund Since Inception Last 3 years Last 1 year Since Inception 6.1 Fertilisers 2.41 Tata Chemicals Ltd Chambal Ferti & Chemicals Ltd..48 Construction Project.79 Larsen & Toubro Ltd..79 Construction.66 IVRCL Infrastructures & Projects Ltd..66 Transportation.51 Great Eastern Shipping Company Ltd..51 Future and Options 5.14 State Bank of India Fut Feb Tata Steel Ltd. Call Opt. 18 Feb 29.7 CNX Nifty Fut Feb Larsen & Toubro Fut Feb9.9 Cash & Cash Equivalents Net receivables / payables -2.9 Total Net Asset 1. 15

16 Birla Sun Life Buy India Fund As on January 3, 29 Fund Manager : Mr. Ajay Garg Managing Fund Since : September 12,27 Total Experience : 15 years Date of inception : January 15, 2 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE 2 Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* (Except SIP) : < Rs. 5 crores % Exit Load** (Except SIP) : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 28.4% Sharpe Ratio ## : -.4 Beta :.78 Annual Portfolio Turnover ratio :.54 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 1% equity, focusing on investing in businesses that are driven by India's large population and inherent consumption patterns. The focus of the scheme will be in the consumer and healthcare sectors SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Buy India Fund... Investment Period 1 Year 3 Years Total Investment (Rs.) Consumer Non Durables E.I.D. Parry (India) Ltd Tata Tea Ltd Radico Khaitan Ltd United Spirits Ltd Marico Ltd ITC Ltd Shaw Wallace Company Ltd. 2.4 Pharmaceuticals Glaxosmithkline Pharmaceuticals Ltd Aventis Pharma Ltd. 5.1 Sun Pharmaceutical Industries Ltd Pfizer Ltd Banks State Bank of India 5.72 ICICI Bank Ltd Axis Bank Ltd Kotak Mahindra Bank Ltd. 1.4 Finance Birla Sun Life Buy India Fund - Growth BSE 2 Systematic Investment Value (Rs.) of SIP in Returns (%)* Birla Sun Life BSE 2 BSE 2 Buy India Fund Date of First Installment : March 1, 2 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) HDFC Ltd India Infoline Ltd United Breweries Holdings Ltd. 1.5 Pesticides 6.68 Rallis India Ltd Auto 5.82 Maruti Suzuki India Ltd Auto Ancillaries 5.39 Bosch Ltd Hotels 4.92 Taj GVK Hotels & Resorts Ltd Asian Hotels Ltd Gas 4.85 Indraprastha Gas Ltd Telecom-Services 4.24 Birla Sun Life Buy India Fund Since Inception Last 5 years Last 3 years Last 1 year Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more Years Since Inception Bharti Airtel Ltd Reliance Communications Ltd..55 Media & Entertainment 3.84 PVR Ltd Television Eighteen India Ltd UTV Software Communications Ltd..73 Magnasound India Ltd. **. Transportation 1.56 Jet Airways India Ltd Retailing. Trent Ltd. - Warrants**. Cash & Cash Equivalents 2.81 Net receivables / payables.17 Total Net Asset 1. ** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is %. 16

17 Birla Sun Life MNC Fund As on January 3, 29 Fund Manager : Mr. A.Balasubramaniam Managing Fund Since : September 12,27 Total Experience : 18 years Date of inception : December 27, 1999 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 4.63 (Payout, Reinvestment & Sweep) Growth : 81.5 Benchmark : S & P CNX MNC Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 25.49% Sharpe Ratio ## : -.5 Beta :.81 Annual Portfolio Turnover ratio :.15 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 SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life MNC Fund... Investment Period 1 Year 3 Years -3.4 Total Investment (Rs.) Pharmaceuticals Pfizer Ltd Glaxosmithkline Pharmaceuticals Ltd. 5.2 Wyeth Ltd Fulford (India) Ltd Consumer Non Durables Glaxosmithkline Consumer Healthcare Ltd. 5.9 Colgate-Palmolive (India) Ltd ITC Ltd Kansai Nerolac Paints Ltd Finance 9.82 CRISIL Ltd ICRA Ltd Birla Sun Life MNC Fund - Growth -4.5 S&P CNX MNC Systematic Investment Value (Rs.) of SIP in Returns (%)* S & P CNX MNC Birla Sun Life MNC Fund Date of First Installment : January 1, 2 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Siemens Ltd ABB Ltd..69 Auto Ancillaries 7.64 Bosch Limited. 5.5 WABCO-TVS (INDIA) Ltd..9 Federal-Mogul Goetze (India) Ltd..72 Sundaram-Clayton Ltd..51 Banks 6.31 ING Vysya Bank Ltd Yes Bank Ltd Telecom-Services 5.65 Bharti Airtel Ltd Years Since Inception Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. S & P CNX MNC Birla Sun Life MNC Fund Since Inception Last 5 years Last 3 years Last 1 year Cummins India Ltd FAG Bearings India Ltd..86 Auto 3.39 Maruti Suzuki India Ltd Diversified 2.59 Hindustan Unilever Ltd Oil 2.53 Cairn India Ltd Construction.86 ITD Cementation India Ltd..86 Cash & Cash Equivalents 6.78 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) Industrial Capital Goods 9.2 Areva T&D India Ltd Honeywell Automation India Ltd Alstom Projects India Ltd Gas 5.38 Gujarat Gas Company Ltd Industrial Products 4.78 Net receivables / payables -.4 Total Net Asset 5-Star Award by ICRA Birla Sun Life MNC Fund Open Ended Diversified Equity - Aggressive (51 Schemes), 1 year ended 31-Dec-8 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 17

18 Birla Sun Life India Opportunities Fund As on January 3, 29 An open-ended growth scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following: Leverage India's intellectual capital for providing services, research and creative inputs; Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services; Leverage India's lower labour costs for providing services and manufactured goods; Leverage India's large population of English speaking people for providing services. 2 Fund Manager : Mr. Atul Penkar Managing Fund Since : September 12, 27 Total Experience : 9 years Date of inception : December 27, 1999 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 9.55 (Payout, Reinvestment & Sweep) Growth : Benchmark : S & P CNX 5 Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 29.22% Sharpe Ratio ## : -.78 Beta :.81 Annual Portfolio Turnover ratio : 1.61 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life India Opportunities Fund... Investment Period 1 Year 3 Years Software Infosys Technologies Ltd. 5.9 Tata Consultancy Services Ltd. 3.1 Wipro Ltd Infotech Enterprises Ltd HCL Technologies Ltd. 1.5 Core Projects & Technologies Ltd.69 Industrial Capital Goods Honeywell Automation India Ltd Crompton Greaves Ltd Bharat Heavy Electricals Ltd AIA Engineering Ltd. 1.8 Petroleum Products 9.82 Reliance Industries Ltd Pharmaceuticals 7.73 Sun Pharmaceutical Industries Ltd Dr. Reddys Laboratories Ltd Aventis Pharma Ltd Dishman Pharmaceuticals & Chemicals Ltd Total Investment (Rs.) Birla Sun Life India Opportunities Fund - Growth S&P CNX 5 Systematic Investment Value (Rs.) of SIP in Returns (%)* S & P CNX 5 Birla Sun Life India S & P CNX 5 Opportunities Fund Date of First Installment : January 1, 2 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Construction Projects 5.13 Larsen & Toubro Ltd Voltas Ltd Finance 2.86 CRISIL Ltd Power 2.86 KEC International Ltd Non - Ferrous Metals 2.7 Sterlite Industries (India) Ltd. 2.7 Ferrous Metals 2.54 Tata Steel Ltd Industrial Products 2.31 Cummins India Ltd Hardware 1.89 Allied Digital Services Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Birla Sun Life India Opportunities Fund Since Inception Last 5 years Last 3 years Last 1 year Years -.7 Since Inception Fertilisers 1.72 Tata Chemicals Ltd Textile Products.89 Raymond Ltd..89 Consumer Non Durables.72 Marico Ltd..68 Terai Tea Company Ltd**.4 Construction.29 Victory Projects Ltd.29 Future and Options 4.5 CNX Nifty Fut Feb Cash & Cash Equivalents 27.4 Net receivables / payables -.54 Total Net Asset 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.4%. 18

19 Birla Sun Life Dividend Yield Plus As on January 3, 29 Fund Manager: Mr. Ankit Sancheti Managing Fund Since : November 3,27 Total Experience : 8 years Date of inception : February 26, 23 Nature of the scheme : An open - ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 8.5 (Payout, Reinvestment & Sweep) Growth : Benchmark : S & P CNX 5 Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 28.68% Sharpe Ratio ## : -.28 Beta :.76 Annual Portfolio Turnover ratio :.48 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) 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 SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Dividend Yield Plus... Investment Period 1 Year 3 Years Total Investment (Rs.) Petroleum Products Hindustan Petroleum Corporation Ltd Indian Oil Corporation Ltd Bharat Petroleum Corporation Ltd Apar Industries Ltd Banks Union Bank of India 2.67 Bank of Baroda 2.49 Andhra Bank 2.31 Corporation Bank 1.91 Allahabad Bank 1.42 Oriental Bank of Commerce 1.19 Consumer Non Durables Colgate-Palmolive (India) Ltd Glaxosmithkline Consumer Healthcare Ltd Procter&Gamble Hygiene&Health Care Ltd Berger Paints India Ltd. 1.4 Kansai Nerolac Paints Ltd Eveready Industries India Ltd..59 Shaw Wallace Company Ltd..55 Godrej Consumer Products Ltd..11 Pharmaceuticals 11.5 Wyeth Ltd Glaxosmithkline Pharmaceuticals Ltd Pfizer Ltd Oil Birla Sun Life Dividend Yield Plus - Growth S & P CNX 5 Systematic Investment Value (Rs.) of SIP in Returns (%)* Birla Sun Life S & P CNX 5 S & P CNX 5 Dividend Yield Plus Date of First Installment : March 1, 23 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Oil & Natural Gas Corporation Ltd Fertilisers 4.57 Tata Chemicals Ltd. 3.1 Rashtriya Chemicals & Fertilizers Ltd. 1.3 DCM Shriram Consolidated Ltd..26 Paper 3.75 Tamil Nadu Newsprint & Papers Ltd Ballarpur Industries Ltd..91 Power 3.22 KEC International Ltd Neyveli Lignite Corporation Ltd..9 Gujarat Industries Power Co. Ltd..45 Transportation 2.88 Gateway Distriparks Ltd Great Eastern Shipping Company Ltd Varun Shipping Company Ltd..56 Finance 2.8 Rural Electrification Corporation Ltd 2.29 Power Finance Corporation Ltd.5 Gas 2.4 Indraprastha Gas Ltd. 2.4 Diversified 1.95 Hindustan Unilever Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Birla Sun Life Dividend Yield Plus Since Inception Last 5 years Last 3 years Last 1 year Years Since Inception Industrial Products 1.52 Cosmo Films Ltd Kirloskar Brothers Ltd..19 Chemicals 1.47 Clariant Chemicals (India) Ltd Ferrous Metals 1.46 PSL Ltd..52 Tata Metaliks Ltd..49 Tata Steel Ltd..45 Auto.85 Tata Motors Ltd..85 Auto Ancillaries.46 Goodyear India Ltd..46 Consumer Durables.24 Salora International Ltd..24 Cash & Cash Equivalents Net receivables / payables 2.38 Total Net Asset 5-Star Award by ICRA Birla Sun Life Dividend Yield Plus Open Ended Diversified Equity - Aggressive (51 Schemes), 1 year ended 31-Dec-8 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 19

20 Birla Sun Life International Equity Fund - Plan A As on January 3, 29 Fund Manager : Mr. Mahesh Patil & Mr. Vineet Maloo Managing Fund Since : Since allotment Total Experience : 16 years / 4 years Date of inception : October 31, 27 Nature of the scheme : An Open - ended Diversified Equity Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 6.9 (Payout, Reinvestment & Sweep) Growth : 6.9 Benchmark : S&P Global 12 Average AUM : Rs Crores 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 SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life International Equity Fund - Plan A... Investment Period Total Investment (Rs.) Systematic Investment S&P Global 12 1 Year Since Inception Birla Sun Life International Equity Fund Plan A - Growth S&P Global 12 Value (Rs.) of SIP in Returns (%)* Birla Sun Life International Equity Fund - Plan A S&P Global 12 Birla Sun Life International Equity Fund - Plan A Since Inception Last 1 year Date of First Installment : December 1, 27 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores - 2.5% Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 21.3% Sharpe Ratio ## : Beta :.84 Annual Portfolio Turnover ratio :.14 Foreign Equity Cheung Kong Infrastructure Holdings Ltd. 4.4 Procter & Gamble Co 3.65 Teva Pharmaceutical Industries Ltd. (ADR) 3.63 Taiwan Semiconductor Manu Comp Ltd. (ADR) 3.42 Nestle SA 3.26 Coca Cola Company 3.2 Reckitt Benckiser Group PLC Pride International Inc China Construction Bank Corporation 2.1 Noble Corporation 2.8 Akzo Nobel NV 2.7 Bumiputra - Commerce Holdings Berhad 2.6 JP Morgan Chase & Co. 2.4 Cooper Industries Ltd. 2.1 Exxon Mobil Corp 1.99 Chubb Corporation 1.58 DSV A/S 1.57 Airgas Inc AU Optronics Corporation 1.56 Industrial and Comm Bank of China Asia Ltd. 1.5 Renewable Energy Corporation AS 1.44 China Oilfield Services Ltd Wimm - Bill - Dann Foods OJSC (ADR).85 Roche Holdings AG 2.65 Schneider Electric SA 1.98 Vimpel-Communications (ADR).63 Public Bank Berhad 2.61 Wharf Holdings Ltd LG Electronics Inc..13 Bayer AG 2.6 Oracle Corporation 1.92 MTR Corporation Ltd China Mobile Ltd Cash & Cash Equivalents 14.3 Statoilhydro ASA 2.43 Microsoft Corporation 1.84 Singapore Airlines Ltd. 2.4 Wal-Mart Stores Inc. 1.8 Net receivables / payables Northrop Grumman Corporation 2.38 Unibanco Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) Aetna Inc Genting Berhad 1.66 Total Net Asset 1. 2

21 Birla Sun Life International Equity Fund - Plan B As on January 3, 29 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. 1 Year Since Inception Fund Manager : Mr. Mahesh Patil & Mr. Vineet Maloo Managing Fund Since : Since inception Total Experience : 16 years / 4 years Date of inception : October 31, 27 Nature of the scheme : An Open - ended Diversified Equity Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 5.24 (Payout, Reinvestment & Sweep) Growth : 5.24 Benchmark : Customised Index Average AUM : Rs Crores A customized benchmark created using BSE 2 to the extent of 65% of portfolio and S&P Global 12 to the extent of 35% of portfolio. Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores - 2.5% Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 26.39% Sharpe Ratio ## : Beta :.76 Annual Portfolio Turnover ratio : 1.66 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) Birla Sun Life International Equity Fund Plan B - Growth SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life International Equity Fund - Plan B... Investment Period Total Investment (Rs.) Foreign Equity 3.58 Teva Pharmaceutical Industries Ltd. (ADR) 1.47 Procter & Gamble Co 1.4 Taiwan Semiconductor Manu Com Ltd. (ADR) 1.35 Nestle SA 1.17 Coca Cola Company 1.15 Cheung Kong Infrastructure Holdings Ltd. 1.5 Reckitt Benckiser Group PLC. 1.3 Public Bank Berhad 1. Roche Holdings AG.95 Bayer AG.95 MTR Corporation Ltd..94 Statoilhydro ASA.89 Northrop Grumman Corporation.89 Aetna Inc..86 Pride International Inc..77 Noble Corporation.76 China Construction Bank Corporation.76 Singapore Airlines Ltd..76 Akzo Nobel NV.75 Bumiputra - Commerce Holdings Berhad.75 JP Morgan Chase & Co..74 Cooper Industries Ltd..73 China Mobile Ltd..73 Wharf Holdings Ltd..73 Exxon Mobil Corp.72 Oracle Corporation.7 Microsoft Corporation.67 Wal-Mart Stores Inc..65 Unibanco.64 Genting Berhad.6 Industrial and Comm Bank of China Asia Ltd..56 Renewable Energy Corporation AS.55 Chubb Corporation.53 Airgas Inc..53 AU Optronics Corporation.52 China Oilfield Services Ltd..52 Wimm - Bill - Dann Foods OJSC (ADR).31 Vimpel-Communications (ADR).23 Harmony Gold Mining Systematic Investment Customised Index Customized Index+ Date of First Installment : December 1, 27 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) A customized benchmark created using BSE 2 to the extent of 65% of portfolio and S&P Global 12 to the extent of 35% of portfolio. LG Electronics Inc..5 Banks State Bank of India 3.11 HDFC Bank Ltd ICICI Bank Ltd Axis Bank Ltd Union Bank of India 1.3 ING Vysya Bank Ltd Petroleum Products 8.12 Reliance Industries Ltd Hindustan Petroleum Corporation Ltd..7 Indian Oil Corporation Ltd..15 Telecom-Services 7.98 Bharti Airtel Ltd Reliance Communications Ltd Consumer Non Durables 7.27 ITC Ltd Colgate-Palmolive (India) Ltd United Spirits Ltd. 1.4 Software 5.3 Infosys Technologies Ltd Tata Consultancy Services Ltd Wipro Ltd..8 Oil 4.67 Oil & Natural Gas Corporation Ltd Industrial Capital Goods 4.48 Bharat Heavy Electricals Ltd. 2.4 Crompton Greaves Ltd Bharat Electronics Ltd..88 Finance 4.47 HDFC Ltd ICRA Ltd United Breweries Holdings Ltd A customized benchmark created using BSE 2 to the extent of 65% of portfolio and S&P Global 12 to the extent of 35% of Portfolio. Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Value (Rs.) of SIP in Returns (%)* Birla Sun Life International Equity Fund - Plan B Customised Index Birla Sun Life International Equity Fund - Plan B Since Inception Last 1 year Power 4.39 NTPC Ltd Tata Power Company Ltd Reliance Infrastructure Ltd..72 Construction Project 2.34 Larsen & Toubro Ltd Cement 1.78 Grasim Industries Ltd. 1.3 Century Textile & Industries Ltd..75 Pharmaceuticals 1.6 Dr. Reddys Laboratories Ltd Sun Pharmaceutical Industries Ltd..22 Ferrous Metals 1.52 Tata Steel Ltd Non - Ferrous Metals 1.3 Sterlite Industries (India) Ltd. 1.3 Fertilisers.94 Tata Chemicals Ltd..94 Auto.57 Maruti Suzuki India Ltd..57 Construction.2 D.S. Kulkarni Developers Ltd..2 Future and Options -.6 Infosys Technologies Ltd. -.6 Cash & Cash Equivalents Net receivables / payables Total Net Asset 1. 21

22 Birla Sun Life Special Situations Fund As on January 3, 29 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. Since Inception Fund Manager : Mr. A.Balasubramaniam & Mr. Sanjay Chawla Managing Fund Since : September 2, 28 Total Experience : 18 years / 13 years Date of inception : January 31, 28 Nature of the scheme : An Open - ended Diversified Equity Scheme Default option : Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 business days Dividend : 5.15 (Payout, Reinvestment & Sweep) Growth : 5.15 Benchmark : BSE 2 Average AUM : Rs Crores SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Special Situations Fund... Investment Period Total Investment (Rs.) Birla Sun Life Special Situations Fund - Growth BSE 2 Systematic Investment Value (Rs.) of SIP in Returns (%)* BSE 2 Birla Sun Life Special BSE 2 Situations Fund Birla Sun Life Special Situations Fund Since Inception Date of First Installment : April 1, 28 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : N.A. Sharpe Ratio ## : N.A. Beta : N.A. Annual Portfolio Turnover ratio : 1.56 Petroleum Products 14.3 Reliance Industries Ltd Indian Oil Corporation Ltd. 3.4 Bharat Petroleum Corporation Ltd Banks State Bank of India 3.8 HDFC Bank Ltd Bank of India 2.18 Bank of Baroda 1.79 Axis Bank Ltd Consumer Non Durables 9.26 ITC Ltd. 5.6 Balrampur Chini Mills Ltd United Spirits Ltd Shaw Wallace Company Ltd..41 Telecom-Services 8.22 Bharti Airtel Ltd Reliance Communications Ltd Pharmaceuticals 6.8 Sun Pharmaceutical Industries Ltd Glaxosmithkline Pharmaceuticals Ltd. 2.7 Lupin Ltd Glenmark Pharmaceuticals Ltd..49 Tata Chemicals Ltd. 4.9 Coromandel Fertilisers Ltd..55 Construction Project 3.5 Larsen & Toubro Ltd. 3.5 Non - Ferrous Metals 2.8 Sterlite Industries (India) Ltd. 2.8 Oil 2.51 Oil & Natural Gas Corporation Ltd Power 2.16 NTPC Ltd Diversified 1.79 Aditya Birla Nuvo Ltd Chemicals 1.75 Solar Explosives Ltd Gujarat Alkalies & Chemicals Ltd..28 Cement 1.62 Ambuja Cements Ltd..89 Century Textile & Industries Ltd..38 ACC Ltd..34 Finance 1.56 HDFC Ltd Raymond Ltd Paper 1.14 Ballarpur Industries Ltd Auto 1.14 Tata Motors Ltd Industrial Products 1.6 Sintex Industries Ltd. 1.6 Software.98 Core Projects & Technologies Ltd..98 Media & Entertainment.84 Balaji Telefilms Ltd..84 Industrial Capital Goods.67 Bharat Heavy Electricals Ltd..67 Gas.67 Gujarat Fluorochemicals Ltd..67 Construction.58 DLF Ltd..58 Future and Options 4.3 CNX Nifty Fut Feb Oil & Natural Gas Corp Ltd. Fut Feb Cash & Cash Equivalents Net receivables / payables -1.7 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has not yet completed one year since its inception so the ratios could not be calculated, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) Fertilisers 4.64 Textile Products 1.16 Total Net Asset 1. 22

23 Birla Sun Life Long Term Advantage Fund As on January 3, 29 A 5 years close ended scheme with automatic conversion to an open ended scheme upon maturity with the objective to provide longterm capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities. 1 Year Since Inception Fund Manager : Mr. Ajay Argal Managing Fund Since : Since inception Total Experience : 15 years Date of inception : October 1, 26 Nature of the scheme : A 5 years close ended scheme Default option : NA Fresh Purchase : NA Additional Purchase : NA Redemption Cheques : NA Systematic Investment : NA Systematic Withdrawal : NA Systematic Transfer : NA Dividend : 6.56 Growth : 6.56 Benchmark : BSE Sensex Average AUM : Rs Crores Load Structure Entry Load : NA Exit Load : Nil I n v e s t o r s o f f e r i n g u n i t s f o r repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV. Standard Deviation : 32.64% Sharpe Ratio ## : Beta :.83 Annual Portfolio Turnover ratio : Industrial Capital Goods 1.84 Bharat Heavy Electricals Ltd Bharat Electronics Ltd. 3.9 Engineers India Ltd Gujarat Apollo Industries Ltd Mcnally Bharat Engineering Company Ltd..49 Manugraph India Ltd..24 Software 8.44 Infosys Technologies Ltd Tata Consultancy Services Ltd Subex Ltd..54 Telecom-Services 8.37 Bharti Airtel Ltd Reliance Communications Ltd Banks 7.77 ICICI Bank Ltd Oriental Bank of Commerce 2.34 Axis Bank Ltd HDFC Bank Ltd..95 Auto Ancillaries 7.41 Bosch Limited Exide Industries Ltd Consumer Non Durables 7.17 ITC Ltd. 5.1 Colgate-Palmolive (India) Ltd Petroleum Products Birla Sun Life Long Term Advantage Fund - Growth BSE Sensex Reliance Industries Ltd Pesticides 5.39 Rallis India Ltd United Phosphorus Ltd Oil 4.95 Oil & Natural Gas Corporation Ltd Pharmaceuticals 4.32 Sun Pharmaceutical Industries Ltd Dr. Reddys Laboratories Ltd Finance 3.61 Housing Development Finance Corp. Ltd Power 3.8 CESC Ltd KEC International Ltd. 1.4 Jyoti Structures Ltd..21 Ferrous Metals 2.4 Maharashtra Seamless Ltd Tata Steel Limited.(CCPS) 1.5 Industrial Products 1.59 FAG Bearings India Ltd Media & Entertainment 1.36 PVR Ltd..92 Balaji Telefilms Ltd..43 Construction Projects 1.2 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.6% Larsen & Toubro Ltd. 1.2 Construction.87 JMC Projects India Ltd..38 ITD Cementation India Ltd..31 IVRCL Infrastructures & Projects Ltd..17 Fertilisers.74 Chambal Fertilisers & Chemicals Ltd..74 Cement.4 Madras Cements Ltd..4 Retailing.9 Pantaloon Retail (India) Ltd.-Bonus - Class B Shares Series 1 **.6 Pantaloon Retail (India) Ltd..3 Cash & Cash Equivalents 8.26 Net receivables / payables 5.12 Total Net Asset 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) 23

24 Birla Sun Life Long Term Advantage Fund Series - I As on January 3, 29 A Closed-end and Cap Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an Open-ended scheme. It seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time Year Since Inception Fund Manager : Mr. Ankit Sancheti Managing Fund Since : September 2, 28 Total Experience : 8 years Date of inception : May 31, 27 Nature of the scheme : A Closed-end and Cap Equity Scheme Default option : N/A Fresh Purchase : NA Additional Purchase : NA Redemption Cheques : NA Systematic Investment : NA Systematic Withdrawal : NA Systematic Transfer : NA Dividend : 4.8 Growth : 4.8 Benchmark : BSE 5 Average AUM : Rs Crores Load Structure Entry Load : NA Exit Load : Nil Investors offering units for repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV. Standard Deviation : 36.46% Sharpe Ratio ## : Beta :.8 Annual Portfolio Turnover ratio : Banks Indian Bank 3.42 ING Vysya Bank Ltd. 3.3 Oriental Bank of Commerce 2.24 South Indian Bank Ltd City Union Bank Ltd Bank of Maharashtra.62 Consumer Non Durables 9.11 Glaxosmithkline Consumer Healthcare Ltd Radico Khaitan Ltd 2.1 Shaw Wallace Company Ltd..89 Eveready Industries India Ltd..77 Millennium Beer Industries Ltd.**. Industrial Products 6.58 Jain Irrigation Systems Ltd Paper Products Ltd Sintex Industries Ltd Greaves Cotton Ltd..76 Construction 6.53 Nagarjuna Construction Co. Ltd Gammon India Ltd Hindustan Sanitaryware & Industries Ltd JMC Projects India Ltd. 1. IVRCL Infrastructures & Projects Ltd..74 ITD Cementation India Ltd..42 Power 5.67 CESC Ltd Jyoti Structures Ltd Birla Sun Life Long Term Advantage Fund Series I - Growth BSE 5 Portfolio Asset Allocation GVK Power & Infrastructure Ltd Industrial Capital Goods 4.63 Crompton Greaves Ltd. 2.9 Honeywell Automation India Ltd..9 Hindustan Dorr-Oliver Ltd..83 Pharmaceuticals 4.3 Pfizer Ltd Dishman Pharmaceuticals & Chemicals Ltd Auto Ancillaries 3.11 Exide Industries Ltd Wabco-Tvs (India) Ltd Sundaram-Clayton Ltd..65 Petroleum Products 2.47 Apar Industries Ltd Finance 2.13 ICRA Ltd McDowell Holdings Ltd..21 Fertilisers 2.4 Tata Chemicals Ltd Aries Agro Ltd..61 Retailing 1.61 Trent Ltd Shoppers Stop Ltd..19 Auto 1.57 ** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is %. Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Eicher Motors Ltd Diversified 1.2 Aditya Birla Nuvo Ltd. 1.2 Ferrous Metals 1.18 Maharashtra Seamless Ltd Paper 1.16 Ballarpur Industries Ltd Chemicals 1.15 Micro Inks Ltd Hotels.98 Taj GVK Hotels & Resorts Ltd..98 Software.87 Geometric Ltd..87 Media & Entertainment.87 Balaji Telefilms Ltd..87 Textile Products.73 Raymond Ltd..73 Cash & Cash Equivalents 16. Net receivables / payables Total Net Asset 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) 24

25 Birla Sun Life Pure Value Fund As on January 3, 29 A Closed-end Diversified Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an open ended scheme. It seeks to generate consistent long term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy. Since Inception Fund Manager : Mr. Ajay Argal Managing Fund Since : Since inception Total Experience : 13 years Date of inception : March 27, 28 Nature of the scheme : A Close-end Diversified Equity Scheme Default option : NA Fresh Purchase : NA Additional Purchase : NA Redemption Cheques : NA Systematic Investment : NA Systematic Withdrawal : NA Systematic Transfer : NA Dividend : 7.27 Growth : 7.27 Benchmark : BSE 2 Average AUM : Rs Crores Load Structure Entry Load : NA Exit Load : Nil Investors offering units for repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV. Standard Deviation : N.A. Sharpe Ratio ## : N.A. Beta : N.A. Annual Portfolio Turnover ratio : Petroleum Products Bharat Petroleum Corporation Ltd. 4.3 Hindustan Petroleum Corporation Ltd. 4.3 Indian Oil Corporation Ltd Banks 11.7 Bank of India 2.13 Oriental Bank of Commerce 1.59 Union Bank of India 1.56 State Bank of India 1.46 Bank of Baroda 1.22 ICICI Bank Ltd Punjab National Bank 1.2 Andhra Bank.99 Pharmaceuticals 7.21 Pfizer Ltd Aventis Pharma Ltd. 3.3 Dishman Pharmaceuticals & Chemicals Ltd..71 Cadila Healthcare Ltd..17 Fertilisers 6.81 Chambal Fertilisers & Chemicals Ltd Tata Chemicals Ltd Coromandel Fertilisers Ltd Oil 6.11 Oil & Natural Gas Corporation Ltd Great Offshore Ltd Birla Sun Life Pure Value Fund - Growth BSE Industrial Capital Goods 5.1 Bharat Electronics Ltd Bharati Shipyard Ltd Software 4.63 Infosys Technologies Ltd Tata Consultancy Services Ltd Consumer Non Durables 3.9 Glaxosmithkline Cons. Healthcare India Ltd Carnation Nutra Analogue Foods Ltd..1 Power 3.13 Jyoti Structures Ltd PTC India Ltd Gas 2.58 Indraprastha Gas Ltd Non - Ferrous Metals 2.17 Hindustan Zinc Ltd Auto Ancillaries 1.89 Apollo Tyres Ltd Industrial Products 1.77 FAG Bearings India Ltd Finolex Cables Ltd..62 Ferrous Metals 1.75 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Maharashtra Seamless Ltd Paper 1.66 Tamil Nadu Newsprint & Papers Ltd Pesticides 1.55 United Phosphorus Ltd Chemicals 1.9 Gujarat Alkalies & Chemicals Ltd. 1.9 Transportation 1.9 The Great Eastern Shipping Company Ltd. 1.9 Construction.92 JMC Projects India Ltd..92 Cement.71 Kesoram Industries Ltd..71 Cash & Cash Equivalents 17.5 Net receivables / payables 5.59 Total Net Asset 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has not yet completed one year since its inception so the ratios could not be calculated, source: MFI ##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 3, 29) 25

26 Birla Sun Life '95 Fund As on January 3, 29 Fund Manager : Mr. A. Balasubramaniam Managing Fund Since : November 3, 27 Total Experience : 18 years Date of inception : February 1, 1995 Nature of the scheme : An open-ended balanced scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : CRISIL Balanced Fund Index Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : Standard Deviation : 29.9% Annual Portfolio Turnover ratio :.86 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI An open-ended balanced scheme with the objective of long term growth of capital and current income, through a portfolio of equity and fixed income securities Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life '95 Fund... Investment Period 1 Year Total Investment (Rs.) CRISIL Balanced Fund Index Birla Sun Life '95 Fund CRISIL Balanced Fund Index Birla Sun Life '95 Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : April 1, 1995 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Rating PSU/PFI Bonds/Banks Power Finance Corporation Ltd.** AAA Indian Railway Finance Corporation Ltd** 7.85 AAA IDBI Bank Ltd.** 6.53 AA+ ICICI Bank Ltd.** 4.66 AAA Government Bond GOI FCI SB Sovereign 8.24 CGL Sovereign 7.95 CGL Sovereign Consumer Non Durables 9.9 ITC Ltd Nestle India Ltd Colgate-Palmolive (India) Ltd Pesticides 6.89 Rallis India Ltd Petroleum Products 5.79 Indian Oil Corporation Ltd Reliance Industries Ltd Software 5.35 Infosys Technologies Ltd Wipro Ltd Banks 3.91 Punjab National Bank 1.57 ICICI Bank Ltd Allahabad Bank.96 Retailing 3.24 Trent Ltd Pharmaceuticals 2.38 Dr. Reddys Laboratories Ltd Aventis Pharma Ltd..86 Gas 2.21 Gujarat Gas Co. Ltd Industrial Capital Goods 2.17 Bharat Heavy Electricals Ltd Siemens Ltd..58 Bharati Shipyard Ltd Birla Sun Life 95 Fund - Growth Years 5 Years Since Inception Crisil Balanced Fund Index Equity AAA Sovereign AA Cash & Current 1.44% 6.53% 1.64% Rating Profile 25.32% Value (Rs.) of SIP in Returns (%)* Rating Power 2.11 Jyoti Structures Ltd..94 GVK Power & Infrastructure Ltd..75 KEC International Ltd..42 Telecom-Services 1.96 Bharti Airtel Ltd Construction Project 1.8 Larsen & Toubro Ltd. 1.8 Fertilisers 1.71 Rashtriya Chemicals & Fertilizers Ltd Finance 1.4 Infrastructure Development Finance Co. Ltd..88 United Breweries Holdings Ltd..52 Chemicals 1.32 Gujarat Alkalies & Chemicals Ltd Minerals/Mining 1.19 Nava Bharat Ventures Ltd Oil 1.3 Aban Offshore Ltd. 1.3 Diversified.71 Aditya Birla Nuvo Ltd..42 Bombay Burmah Trading Corporation Ltd..3 Auto.52 Bajaj Auto Ltd..52 Construction.5 Jaiprakash Associates Ltd..5 Media & Entertainment.44 ETC Networks Ltd..44 Magnasound India Ltd. **. Transportation.36 Gateway Distriparks Ltd..36 Cash & Current 1.44 Total Net Asset % ** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 31.85%. 26 CRISIL~CPR 2^^ Birla Sun Life 95 Fund Hybrid Equity - Oriented (16 Schemes), 2 years ended 31-Dec-8 Value Research Rating Birla Sun Life 95 Fund Hybrid Equity - Oriented (26 Schemes), for 3 & 5 years periods ending 31-Jan-9 Winner of & Best Fund - 1 yrs performance Lipper Awards India 28 Birla Sun Life 95 Fund - Growth Mixed Asset INR Aggressive, (6 schemes) 1 Yrs ended 31-Dec-7 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47

27 Birla Sun Life Balance As on January 3, 29 Fund Manager : Mr. A. Balasubramaniam Managing Fund Since : November 3, 27 Total Experience : 18 years Date of inception : October 12, 1999 Nature of the scheme : An open-ended balanced scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : 17.1 (Payout, Reinvestment & Sweep) Growth : Benchmark : CRISIL Balanced Fund Index Average AUM : Rs Crores Load Structure (Incl for SIP) Entry Load* : < Rs. 5 crores % Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months *For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : Standard Deviation : 21.6% Annual Portfolio Turnover ratio :.42 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI An open-ended balanced scheme with an objective to balance income requirements with growth of capital through a balance mix of investments in equity and debt at relatively moderate levels of risks through a diversified research based investment approach Birla Sun Life Balance - Growth Crisil Balanced Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Balance... Investment Period 1 Year Total Investment (Rs.) CRISIL Balanced Fund Index Birla Sun Life Balance Rating Profile Value (Rs.) of SIP in Returns (%)* CRISIL Balanced Fund Index Birla Sun Life Balance Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : November 1, 1999 The data assumes the investment of Rs.1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Rating PSU/PFI Bonds/Banks Citibank N A** 8.77 AA+ Power Finance Corporation Ltd.** 6.77 AAA IDBI Bank Ltd.** 5.23 AA+ Infrastructure Development Finance Company Ltd.** 3.55 AAA HDFC Bank Ltd.**.54 AAA Consumer Non Durables ITC Ltd. 6.2 E.I.D. Parry (India) Ltd Radico Khaitan Ltd 2.74 Shaw Wallace Company Ltd..83 United Spirits Ltd..73 Balrampur Chini Mills Ltd..64 Pharmaceuticals Novartis India Ltd Pfizer Ltd. 4.5 Wyeth Ltd Dr. Reddys Laboratories Ltd. 2.5 Piramal Healthcare Ltd Piramal Life Sciences Limited..2 Government Bond Govt Bond Sovereign 7.61 Oil Comp Goi Bond Sovereign Banks 5.6 ICICI Bank Ltd Indian Overseas Bank 1.68 Punjab National Bank 1.35 Industrial Capital Goods 4.94 Bharat Electronics Ltd Petroleum Products 4.49 Reliance Industries Ltd Indian Oil Corporation Ltd Years 5 Years Since Inception Sovereign Cash & Current Rating Software 4.16 Infosys Technologies Ltd HCL Technologies Ltd..88 Core Projects & Technologies Ltd.9 Fertilisers 2.43 Chambal Fertilisers & Chemicals Ltd Tata Chemicals Ltd. 1.7 Gas 2.41 Indraprastha Gas Ltd Pesticides 1.71 United Phosphorus Ltd Oil 1.6 Oil & Natural Gas Corporation Ltd. 1.6 Telecom-Services 1.27 Bharti Airtel Ltd Hotels.55 Hotel Leelaventure Ltd..55 Construction.41 Nagarjuna Construction Company Ltd..41 Finance.17 Bajaj Finserv Ltd.17 Transportation.16 Gateway Distriparks Ltd..16 Cash & Current 5.15 Total Net Asset 1. ** Represents thinly traded/ non traded securities & liquid securities. Total Percentage of thinly/non traded securities is 24.86%. Other AA AAA 5.15% 1.86% 1.36% 14.% 59.62% CRISIL~CPR 1^^ Birla Sun Life Balance Hybrid Equity - Oriented (16 Schemes), 2 years ended 31- Dec-8 Value Research Rating Birla Sun Life Balance Hybrid Equity - Oriented (16 Schemes), for 3 & 5 years periods ending 31-Jan-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 27

28 Credit Quality High Low Interest rate sensitivity High Birla Sun Life Monthly Income An open-ended fund. Monthly income is not assured and is subject to availability of distributable surplus As on January 3, 29 An open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterly distributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of distributable surplus Rating Profile Low AAA 58.64% Fund Manager : Mr. A. Balasubramaniam Managing Fund Since : November 3, 27 Total Experience : 18 years Date of inception : July 14, 1999 Nature of the scheme : An open-ended income scheme Default Plan / Option : Growth / Dividend Reinvestment For Monthly & Quarterly Dividend Fresh Purchase : Rs. 25/- Additional Purchase : Rs. 5/- For Growth Plan Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Monthly Dividend : Growth : Quarterly Dividend : Benchmark : CRISIL MIP Blended Index Average AUM : Rs Crores Load Structure Entry Load : Nil Exit Load** : 1% if redeemed / switched out within 12 months from the date of allotment **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 8.48 Years Yield to Maturity : 7.5 (for Debt Component) Mark to Market : 96% Standard Deviation : 11.18% Year Years 5 Years Since Inception -4 Birla Sun Life Monthly Income - Growth Crisil MIP Blended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Rating Corporate Debt 41. GE Capital Services India Ltd.** AAA Housing Development Finance Corporation Ltd.** AAA Reliance Industries Ltd.** AAA Reliance Gas Transpotation Infra Ltd.** 1.68 AAA PSU/PFI Bonds/Banks 3.65 IDBI Bank Ltd.** 13.2 AA+ Power Finance Corporation Ltd.** 4.48 AAA National Housing Bank** 4.1 AAA ICICI Bank Ltd.** 3.89 AAA Indian Railway Finance Corporation Ltd.** 2.73 AAA Infrastructure Development Finance Company Ltd.** 1.67 AAA LIC Housing Finance Ltd.**.4 AAA ICICI Bank Ltd.**.28 AAA Power Finance Corporation Ltd.**.8 AAA Government Bond CGL Sovereign 7.99 CGL Sovereign 5.87 CGL Sovereign 7.95 CGL Sovereign Sovereign AA Equity Future and Options Cash & Current 2.5% 1.4% 8.5% 13.2% 16.75% Rating Rallis India Ltd..89 Reliance Industries Ltd..84 Nestle India Ltd..83 Infosys Technologies Ltd..79 Indian Oil Corporation Ltd..58 KEC International Ltd..5 Aventis Pharma Ltd..49 Chambal Fertilisers & Chemicals Ltd..48 State Bank of India.46 United Phosphorus Ltd..3 Gujarat Gas Co. Ltd..28 HCL Technologies Ltd..25 Rashtriya Chemicals & Fertilizers Ltd..23 ETC Networks Ltd..22 McDowell Holdings Ltd..17 Bharti Airtel Ltd..1 Magnasound India Ltd. **. Future and Options 2.5 CNX Nifty Fut Feb Cash & Current 1.4 EQUITY 8.5 Cipla Ltd. 1.8 Total Net Asset 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 71.66% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI CRISIL~CPR 2^^ Birla Sun Life Monthly Income MIP Conservative schemes (8 Schemes), 2 years ended 31-Dec-8 Value Research Rating Birla Sun Life Monthly Income Hybrid Monthly Income (32 Schemes), for 3 & 5 years periods ending 31-Jan-9 28 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47

29 Credit Quality High Low Interest rate sensitivity High Birla Sun Life MIP An open-ended fund. Monthly income is not assured and is subject to availability of distributable surplus As on January 3, 29 The primary objective of the schemes is to generate regular income so as to make monthly distributions to unitholders with the secondary objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents while at the same time maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.) Low Rating Profile AAA 67.91% Fund Manager : Mr. A. Balasubramaniam Managing Fund Since : November 3, 27 Total Experience : 18 years Date of inception : November 2, 2 Nature of the scheme : An Open - ended Income Scheme Default option : Dividend Reinvestment For Monthly Dividend / Payment Fresh Purchase : Rs. 25/- Additional Purchase : Rs. 1/- For Growth Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : Monthly Payment / Growth : Benchmark : CRISIL MIP Blended Index Average AUM : Rs Crores Load Structure Entry Load : Nil Exit Load** : Rs. 1 Lakhs -.6% if redeemed / switched out within 9 days > Rs. 1 Lakhs - Nil **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 6.31 Years Yield to Maturity : 8.3% (for Debt Component) Mark to Market : 9% Standard Deviation : 1.71% Year Years 5 Years Since Inception -4 Birla Sun Life MIP - Growth Crisil MIP Bended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Rating PSU/PFI Bonds/Banks 48.1 IDBI Bank Ltd.** AA+ ICICI Bank Ltd.** 8.8 AAA Power Finance Corporation Ltd.** 7. AAA Infrastructure Development Finance Company Ltd. ** 6.9 AAA National Bank for Agriculture & Rural Development ** 5.1 AAA Power Grid Corporation of India Ltd.** 4.58 AAA State Bank of India**.25 AAA Corporate Debt Reliance Industries Ltd.** AAA Housing Development Finance Corporation Ltd.** AAA GE Capital Services India Ltd.** 1.1 AAA Reliance Gas Transportation Infrastructure Ltd.** 2.44 AAA Trent Ltd.**.77 CARE AA EQUITY 8. Rallis India Ltd. 1.3 Reliance Industries Ltd Pfizer Ltd ITC Ltd..8 AA Equity Sovereign Future and Options Cash & Current 3.3% 2.98%.67% 8.% 17.13% Rating Aventis Pharma Ltd..71 State Bank of India.54 Cipla Ltd..5 United Phosphorus Ltd..34 Infosys Technologies Ltd..29 Housing Development Finance Corporation Ltd..25 Bharat Heavy Electricals Ltd..25 Oil & Natural Gas Corporation Ltd..25 Larsen & Toubro Ltd..23 Indian Bank.23 Government Bond CGL Future and Options 2.98 CNX Nifty Fut Feb Cash & Current.67 Total Net Asset 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 85.4%. Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI 29

30 Birla Sun Life MIP II - Wealth 25 Plan An open-ended fund. Monthly income is not assured and is subject to availability of distributable surplus As on January 3, 29 Credit Quality High Low Fund Manager : Mr. A. Balasubramaniam Managing Fund Since : November 3, 27 Total Experience : 18 years Date of inception : May 22, 24 Nature of the scheme : An open-ended income scheme Default option : Dividend Reinvestment For Monthly Dividend / Payment Fresh Purchase : Rs. 25/- Additional Purchase : Rs. 1/- For Growth Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Dividend : Growth / Payment : Benchmark : CRISIL MIP Blended Index Average AUM : Rs Crores Load Structure Entry Load : Nil Exit Load** : 1% if redeemed / switched out within 12 months from the date of allotment **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 8.12 Years Yield to Maturity : 6.25% (for Debt Component) Mark to Market : 71% Standard Deviation : 16.28% Interest rate sensitivity High Low 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 Year Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Corporate Debt Housing Development Finance Corporation Ltd. ** AAA Reliance Industries Ltd.** 8.37 AAA Reliance Gas Transportation Infrastructure Ltd** 3.31 AAA PSU/PFI Bonds/Banks IDBI Bank Ltd.** 1.22 AA+ Power Finance Corporation Ltd.** 8.83 AAA National Bank for Agriculture & Rural Development ** 6.11 AAA Government Bond Cgl Goi Bonds Cgl EQUITY Bharat Electronics Ltd Rallis India Ltd Reliance Industries Ltd Infosys Technologies Ltd Nava Bharat Ventures Ltd ITC Ltd. 1.8 Novartis India Ltd Birla Sun Life MIP II - Wealth 25 - Growth Years Since Inception Crisil MIP Bended Index AAA Sovereign Equity AA Cash & Current Future and Options 2.44% 3.26% Rating Profile 1.22% 18.47% Rating Pfizer Ltd. 1.4 State Bank of India.99 HDFC Bank Ltd..95 Tata Chemicals Ltd..93 Simplex Infrastructures Ltd..83 Dr. Reddys Laboratories Ltd..54 Sun Pharmaceutical Industries Ltd..49 Axis Bank Ltd..48 Reliance Communications Ltd..43 Bharti Airtel Ltd..3 Hindustan Petroleum Corporation Ltd..3 Bharat Petroleum Corporation Ltd..29 Shaw Wallace Company Ltd..21 Future and Options 2.44 CNX Nifty Fut Feb Cash & Current 3.26 Total Net Asset % 42.76% ** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 52.98%. Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI 3

31 Birla Sun Life MIP II - Savings 5 Plan An open-ended fund. Monthly income is not assured and is subject to availability of distributable surplus As on January 3, 29 Credit Quality High Low Interest rate sensitivity High Low 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 Cash & Current Rating Profile 54.39% Fund Manager : Mr. A. Balasubramaniam Managing Fund Since : November 3, 27 Total Experience : 18 years Date of inception : May 22, 24 Nature of the scheme : An open-ended income scheme Default option : Growth / Dividend Reinvestment For Monthly Dividend / Payment Fresh Purchase : Rs. 25/- Additional Purchase : Rs. 1/- For Growth Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Monthly Dividend : Monthly Payment / Growth : Benchmark : CRISIL MIP Blended Index Average AUM : Rs Crores Load Structure (Incl. for SIP) Entry Load : Nil Exit Load : Nil Average Maturity : 6.5 Years Yield to Maturity : 5.5% (for Debt Component) Mark to Market : 41% Standard Deviation : 14.92% Birla Sun Life MIP II - Savings 5 - Growth Crisil MIP Bended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Government Bond Govt.Stock Sovereign 7.95 Govt Bond Sovereign EQUITY 4.16 Jindal Steel & Power Ltd..52 Reliance Industries Ltd..5 Housing Development Finance Corporation Ltd..48 Bharat Heavy Electricals Ltd..47 Reliance Infrastructure Ltd..47 State Bank of India.44 Larsen & Toubro Ltd..43 United Phosphorus Ltd..42 ICICI Bank Ltd ** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 1.85% Year 3 Years Since Inception Sovereign AAA Equity 4.26% 4.16% 37.19% Rating Money Market Instruments 2.41 Tata Capital Ltd A1+ PSU/PFI Bonds/Banks 1.85 Power Finance Corporation Ltd.** 1.85 AAA Cash & Current Total Net Asset 1. Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Value Research Rating # Birla Sun Life MIP II Savings 5 Plan Hybrid : Monthly Income (32 Schemes), for 3 & 5 years periods ended 31- Jan-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 31

32 Birla Sun Life Asset Allocation Fund As on January 3, 29 Credit Quality High Low Fund Manager : Mr. Ajay Garg & Mr. Satyabrata Mohanty Managing Fund Since : February 19, 27 Total Experience : 18 years Date of inception : February 24, 24 Nature of the scheme : Open - ended Fund of Funds Scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Aggressive Plan Dividend : Growth : Conservative Plan Dividend : Growth : Moderate Plan Dividend : Growth : Benchmark Aggressive Plan : S&P CNX NIFTY Moderate Plan : CRISIL Balanced Fund Index Conservative Plan : CRISIL MIP Blended Index Average AUM Aggressive Plan : Rs Crores Conservative Plan : Rs Crores Moderate Plan : Rs Crores Load Structure Entry Load Aggressive Plan : 1.5% Moderate Plan : 1.% Conservative Plan : 1.% Exit Load : Nil Standard Deviation Aggressive Plan : 19.91% Conservative Plan : 5.49% Moderate Plan : 14.58% Interest rate sensitivity High Low Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI An open-ended Fund of Funds scheme with the objective to provide income and capital appreciation along with diversification by investing in a basket of debt and equity Mutual Fundschemes in line with the risk profile of the investors. - Aggressive Plan Year Birla Sun Life AAF Aggressive Plan - Growth S & P CNX Nifty Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. - Aggressive Plan -35 Birla Sun Life AAF Moderate Plan - Growth Crisil Balanced Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. - Conservative Plan Birla Sun Life AAF Conservative Plan - Growth Crisil MIP Blended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. - Conservative Plan - Moderate Plan Mutual Fund Units Birla Sun Life Index Fund - Growth Birla Sun Life Dividend Yield Fund - Growth 15.3 Birla Sun Life Advantage Fund - Growth 15.3 Birla Sun Life MNC Fund - Growth Birla Sun Life cap Fund - Growth Birla Sun Life Dynamic Bond Fund - Growth Birla Sun Life Income Fund - Growth 7.31 Birla Sun Life Short Term Fund - Growth 5.2 Birla Sun Life Gilt Plus Inv - Growth 1.29 Cash & Current Total Net Asset Years Since Inception Year Mutual Fund Units 76.5 Birla Sun Life Dynamic Bond Fund - Growth 24.4 Birla Sun Life cap Fund - Growth Birla Sun Life Advantage Fund - Growth 8.38 Birla Sun Life Income Fund - Growth 6.11 Birla Sun Life Index Fund - Growth 6.2 Birla Sun Life Dividend Yield Fund - Growth 5.94 Birla Sun Life MNC Fund - Growth 5.86 Birla Sun Life Short Term Fund - Growth 5.86 Cash & Current Total Net Asset 1. Mutual Fund Units Birla Sun Life Short Term Fund - Growth Birla Sun Life Income Fund - Growth 9.59 Birla Sun Life Index Fund - Growth 6.13 Birla Sun Life Dividend Yield Plus - Growth 4.99 Birla Sun Life MNC Fund - Growth 4.93 Birla Sun Life cap Fund - Growth 2.96 Birla Sun Life Dynamic Bond Fund - Retail Plan - Growth 2.41 Birla Sun Life Advantage Fund - Growth Moderate Plan Year Years Since Inception Years Since Inception Cash & Current Total Net Asset 1. Value Research Rating Birla Sun Life AAF - Conservative Hybrid Debt - Oriented (8 Schemes), for 3 & 5 years periods ended 31- Jan-9 32 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47

33 Birla Sun Life Cash Plus As on January 3, 29 High Credit Quality Med Low Interest Rate Sensitivity High Low Fund Manager : Mr. Satyabrata Mohanty & Mr. Maneesh Dangi Managing Fund Since : November 3, 27 Total Experience : 1 years & 6 years Date of inception : June 16, 1997 Nature of the scheme : An Open Ended Liquid Scheme Default option : Appln of less than Rs. 1 cr - Retail Plan - Dividend Reinvestment Appln of equal to or greater than Rs. 1 cr but less than Rs. 5 cr - Institutional Plan - Daily Dividend Reinvestment Appln of equal to or greater than Rs. 5 cr - Institutional Premium Plan - Daily Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 1/- Additional Purchase : Rs. 1/- Institutional Plan Fresh Purchase : Rs. 1 Crore Additional Purchase : Rs. 1 Lac Institutional Premium Plan Fresh Purchase : Rs. 5 Crore Additional Purchase : Rs. 1 Lac Redemption Cheques : Within 1 working days Systematic Investment : Not Available Retail Plan Growth : Daily Dividend : (Reinvestment) Institutional Plan Growth : Daily Dividend : (Reinvestment) Fortnightly Dividend : Weekly Dividend : 1.89 Institutional Premium Plan Growth : Daily Dividend : Fortnightly Dividend : 1. Weekly Dividend : Monthly Dividend : 1.21 Benchmark : CRISIL Liquid Fund Index Average AUM : Rs Crores Load Structure Entry Load : Nil 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 Birla Sun Life Cash Plus - Retail - Growth CRISIL Liquid Fund Index Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Rating Money Market Instruments 36.2 ICICI Bank Ltd A1+ Canara Bank 4.2 P1+ Punjab National Bank 3.95 F1+ Housing Development Finance Corporation Ltd A1+ IDBI Bank Ltd P1+ UCO Bank Ltd P1+ State Bank of Patiala 1.58 A1+ Indiabulls Financial Services Ltd P1+ Oriental Bank Of Commerce 1.14 P1+ State Bank of Hyderabad 1.5 A1+ Allahabad Bank.96 P1+ Yes Bank Ltd..6 A1+ State Bank of India.48 P1+ State Bank of Patiala.45 P1+ Standard Chartered Inv And Loans (I) Ltd.39 P1+ State Bank Of Bikaner And Jaipur.37 A1+ Indian Bank.37 F1+ CitiBank N.A..33 P1+ Development Credit Bank Ltd..32 P1+ State Bank of Travancore.3 P1+ Tata Motors Finance Ltd..29 P1 Reliance Capital Ltd..24 A1+ Karur Vysya Bank Ltd..21 F1+ GE Capital Services India Ltd..15 P1+ Federal Bank Ltd..11 P1+ IDBI Bank LTD..8 A1+ ICICI Securities Ltd..4 P1+ Export-Import Bank of India.1 A1+ Floating Rate Instruments Housing Development Finance Corporation Ltd AAA Infrastructure Development Finance Company Ltd LAAA CitiFinancial Consumer Finance India Ltd 1.92 AA+ Jindal Saw Ltd. 1.6 A1+ LIC Housing Finance Ltd AAA Tata Sons Ltd. 1.2 AAA Global Trade Finance Ltd. 1.2 P1+ Housing Development Finance Corporation Ltd. 1.7 LAAA days 1 Month 3 Months Since Inception AAA Cash & Current AA 8.52% Rating Profile 23.61% 67.86% Rating Madras Cements Ltd..8 A1+ Gruh Finance Ltd.8 LAA+ LIC Housing Finance Ltd..64 AAA Axis Bank Ltd..63 LAA+ ICICI Bank Ltd..53 AAA Power Finance Corp. Ltd..46 AAA ICICI Bank Ltd..4 CARE AAA Hero Honda Finlease Ltd..4 P1+ Citicorp Finance India Ltd..4 AA+ Indian Railway Finance Corporation Ltd..39 AAA Infrastructure Development Finance Company Ltd..32 AAA IDBI Bank LTD..24 AA+ Sundaram Finance Ltd..13 LAA+ Union Bank of India.8 AA+ Securitised Debt HINDUSTAN PETROLEUM** 4.77 A1+(SO) VODAFONE ESSAR LIMITED** 3.41 F1+(SO) DLF LTD** F1(SO) INDIABULLS FINANCIAL SERVICES LIMITED** 1.61 P1+(SO) BHARTI VENTURES LIMITED LOAN TRUST** 1.59 A1+(SO) BENNETT, COLEMAN &COMPANY LIMITED**.81 P1+(SO) Corporate Debt 2.57 Tata Motors Ltd.** 1.44 P1 Housing Development Finance Corporation Ltd.** 1.13 AAA Cash & Current Total Net Asset 1. ** Represents thinly traded/ non traded securities and illiquid securities.total Percentage of thinly/non traded securities is %. Exit Load : Nil Average Maturity :.21 Years Yield to Maturity : 7.7% (for Debt Component) Standard Deviation :.23% CRISIL~CPR 2^^ Birla Sun Life Cash Plus - Institutional Plan Liquid Institutional Scheme ( 9 Schemes), 1 Yr ended 31-Dec-8 CRISIL~CPR 1^^ Birla Sun Life Cash Plus - Retail Plan Consistent CPR Performer - Liquid (15 Schemes), 5 Yrs ended 31-Dec-8 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI # Value Research Rating Birla Sun Life Cash Plus - Institutional Premium Plan Debt: Ultra Short Term Inst. Prem. Schemes (44 Schemes), 18 months & 3 years ended 31-Jan-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 # Value Research Rating Birla Sun Life Cash Plus - Retail Plan Debt: Ultra Short Term Schemes (4 Schemes), 18 months & 3 years ended 31-Jan-9 +The grading has been assigned by ICRA and indicates highest quality. The investment quality is similar to that of fixed income obligations of highest safety and with maturity corresponding upto 1 year. This grading should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. 33

34 Birla Sun Life Liquid Plus As on January 3, 29 Credit Quality High Med Low Interest Rate Sensitivity High The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will undernormal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Low 12 Rating Profile Fund Manager : Mr. Satyabrata Mohanty & Mr. Maneesh Dangi Managing Fund Since : November 3, 27 Total Experience : 1 years & 6 years Date of inception Retail Plan : November 27, 21 Institutional Plan : April 16, 23 Nature of the scheme : An Open Ended Short Term Income Scheme Default option : Appln of less than Rs. 1 cr - Retail Plan - Weekly Dividend Reinvestment Appln of equal to or greater than Rs. 1 cr - Institutional Plan - Daily Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 1/- Additional Purchase : Rs. 1/- Institutional Plan Fresh Purchase : Rs. 1 Crore Additional Purchase : Rs. 1 Lac Redemption Cheques : Within 1 working days Retail Plan Growth : Daily Dividend : 1.89 (Reinvestment) Weekly Dividend : Fortnightly Dividend : Monthly Dividend : Institutional Plan Growth : Daily Dividend : 1.9 (Reinvestment) Weekly Dividend : 1.24 Fortnightly Dividend : Monthly Dividend : Benchmark : CRISIL Short-Term Bond Fund Index Average AUM : Rs Crores Load Structure (Incl. for SIP) Entry Load : Nil Exit Load : Nil Year 3 Years 5 Years Since Inception Birla Sun Life Liquid Plus - Retail Growth CRISIL Short-Term Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. Rating Money Market Instruments 61.8 ICICI Bank Ltd A1+ IDBI Bank Ltd P1+ Punjab National Bank 4.99 PR1+ IDBI Bank Ltd A1+ Housing Development Finance Corporation Ltd A1+ ONGC Videsh Ltd P1+(SO) Bank of Baroda 2.78 A1+ Jammu & Kashmir Bank Ltd P1+ State Bank of Bikaner and Jaipur 2.47 P1+ State Bank of Patiala 2.5 P1+ CitiBank N.A P1+ Corporation Bank 1.8 P1+ State Bank of Hyderabad 1.24 A1+ Indian Oil Corporation Ltd A1+ LIC Housing Finance Ltd..97 P1+ State Bank of Travancore.5 P1+ Indian Bank.43 F1+ UCO Bank.36 P1+ State Bank of Indore.34 P1+ Indiabulls Financial Services Ltd..33 P1+ Canara Bank.33 P1+ Export-Import Bank of India.33 A1+ Kotak Mahindra Bank Ltd..32 P1+ Yes Bank Ltd..29 A1+ Union Bank of India.26 P1+ State Bank of India.22 P1+ Infrastructure Development Finance Company Ltd..22 A1+ Tata Motors Finance Ltd..18 P1 Apollo Tyres Ltd..17 P1+ ABN AMRO Bank.13 A1+ Punjab National Bank.12 F1+ Tata Capital Ltd..9 A1+ Canara Bank.8 A1+ Export-Import Bank of India.8 AAA Federal Bank Ltd..7 P1+ Union Bank of India.4 A1+ Birla Global Finance Ltd..4 A1+ Reliance Capital Ltd..2 A1+ Securitised Debt 9.95 BHARAT PETROLEUM** 2.7 P1+(SO) HINDUSTAN PETROLEUM** 2.49 A1+(SO) DLF LTD** 1.83 A1(SO) DLF LTD**.73 F1(SO) SHRIRAM TRANSPORT FINANCE COMPANY LTD**.3 F1+(SO) POWER FINANCE CORP** 1.77 AAA(SO) ABS**.4 AAA(SO) NTPC LTD**.4 AAA(SO) Cash & Current Bills Discounted Sovereign Rating WOCKHARDT**.2 F1+(SO) L & T Finance Ltd.**.1 P1+(SO) BHARTI VENTURES LIMITED LOAN TRUST**.1 A1+(SO) Floating Rate Instruments 6.29 Housing Development Finance Corporation Ltd AAA Tata Steel Ltd. 1.5 AA Ultratech Cement Ltd. 1.5 AAA Housing Development Finance Corporation Ltd..71 LAAA CitiFinancial Consumer Finance India Ltd.7 AA+ Berger Paints India Ltd..33 P1+ Indian Railway Finance Corporation Ltd.17 AAA Tata Sons Ltd..1 AAA IDBI Bank Ltd..3 AA+ Indian Retail ABS Trust Series 5 18 Oct 9.3 AAA(SO) Corporate Debt 4.31 Housing Development Finance Corporation Ltd.** 1.91 AAA TRIL Infopark Ltd.**.7 PR1+ CitiFinancial Consumer Finance India Ltd**.58 AA+ K Raheja Corporation Private Ltd. **.38 Tata Motors Ltd.**.35 P1 Kotak Mahindra Prime Ltd.**.14 LAA Sundaram Finance Ltd.**.14 AA+ Sundaram Finance Ltd.**.4 LAA+ ICICI Home Finance Company Ltd.**.3 LAAA Sundaram Finance Ltd.**.2 P1+ Mahindra & Mahindra Financial Services Ltd.**.2 AA+ Bills Discounted 1.39 Standard Chartered Bank 1.39 PSU/PFI Bonds/Banks 1.26 IDBI Bank Ltd.** 1.4 AA+ NABARD**.18 AAA Power Finance Corporation Ltd.**.4 AAA IDFC Ltd.**.1 AAA Government Bond Govt Bond Sovereign 5.87 Govt Bond 21.4 Sovereign Cash & Current Total Net Asset 1. ** Represents thinly traded/ non traded securities and illiquid securities.total Percentage of thinly/non traded securities is %. AAA AA 1.39%.25% 6.82% 14.75% 76.41% Average Maturity :.36 Years Yield to Maturity : 8.4% (for Debt Component) Standard Deviation :.25% CRISIL~CPR 2^^ Birla Sun Life Liquid Plus - Retail Debt: Liquid Plus (27 Schemes), 1yr ended 31-Dec-8 # Value Research Rating Birla Sun Life Liquid Plus - Institutional Plan Debt: Liquid Plus Inst (18 Schemes), 18 months & 3 years ended 31-Jan-9 34 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: 5-Star Award by ICRA Birla Sun Life Liquid Plus - Institutional Plan Open Ended Liquid Plus - Institutional Plan (34 Schemes), 1 year ended 31-Dec-8 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47

35 Birla Sun Life Short Term Fund As on January 3, 29 Credit Quality High Med Low Interest Rate Sensitivity High Low An open-ended short term income scheme with the objective to generate income and capital appreciation by investing 1% of the corpus in a diversified portfolio of debt and money market securities with relatively low levels of interest rate risk. 12 Rating Profile Fund Manager : Mr. Satyabrata Mohanty & Mr. Maneesh Dangi Managing Fund Since : November 3, 27 Total Experience : 1 years & 6 years Date of inception : April 19, 22 Nature of the scheme : An Open Ended Short Term Income Scheme Default option : Appln of less than Rs. 2 cr - Retail Plan - Fortnightly Dividend Reinvestment Appln of equal to or greater than Rs. 2 cr - Institutional Plan - Fortnightly Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 1/- Additional Purchase : Rs. 1/- Institutional Plan Fresh Purchase : Rs. 2 Crore Additional Purchase : Rs. 1 Lac Redemption Cheques : Within 1 working days SIP : Available SWP : Available STP : Available Retail Plan Growth : Daily Dividend : 1.74 (Reinvestment) Fortnightly Dividend : Monthly Dividend : Institutional Plan Growth : Daily Dividend : 1.75 (Reinvestment) Fortnightly Dividend : Monthly Dividend : Benchmark : CRISIL Short-Term Bond Fund Index Average AUM : Rs Crores Year 3 Years 5 Years Since Inception Birla Sun Life Short Term Fund - Retail Plan - Growth CRISIL Short-Term Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Money Market Instruments 88.78% UCO Bank 8.58 P1+ Union Bank of India 7.47 P1+ State Bank of Hyderabad 5.9 A1+ Punjab National Bank 5.9 F1+ State Bank of Patiala 4.99 P1+ IDBI Bank Ltd P1+ Oriental Bank of Commerce 4.8 P1+ State Bank of Travancore 4.74 P1+ Allahabad Bank 4.74 A1+ Canara Bank 4.43 A1+ Canara Bank 4.38 P1+ Bank of Baroda 3.74 P1+ State Bank of Indore 3.52 P1+ Punjab National Bank 3.49 PR1+ State Bank of Mysore 3.32 A1+ State Bank of Bikaner and Jaipur 3. P AAA Cash & Current Sovereign 1.79% 9.44% Rating Corporation Bank 2.52 P1+ Allahabad Bank 2.5 P1+ Vijaya Bank 2.5 PR1+ Indian Bank 1.92 F1+ Vijaya Bank.9 P1+ Andhra Bank.5 F1+ State Bank of India.32 P1+ Union Bank of India.32 A1+ State Bank of Travancore.12 A1+ Government Bond OIL COMP GOI BONDS Sovereign Cash & Current 9.44 Total Net Asset % Load Structure (Incl. for SIP) Entry Load : Nil Exit Load** : For Units redeemed/ switched out within seven days from the date of allotment - an exit load of.25% of applicable NAV. w.e.f. Feb 6, 9: Nil **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity :.55 Years Yield to Maturity : 8.1% (for Debt Component) Standard Deviation :.4% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI CRISIL~CPR 1^^ Birla Sun Life Short Term Fund - Retail Plan Debt: Short Term Schemes (17 Schemes), 1 Yr ended 31-Dec-8 # Value Research Rating Birla Sun Life Short Term Fund - Retail Plan Debt: Short Term Schemes (17 Schemes), 18 months & 3 years ended 31-Jan-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 && CNBC TV-18 CRISIL AWARD 27 Birla Sun Life Short Term Fund Category: Income Short Term Funds 1 yr performance ended 31 Dec, 7. Total Schemes in Category = 12 35

36 Birla Sun Life Income Plus As on January 3, 29 Credit Quality High Med Low Interest Rate Sensitivity High An open-ended income scheme with the objective to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. Rating Profile Low Fund Manager : Mr. Maneesh Dangi Managing Fund Since : November 3, 27 Total Experience : 6 years Date of inception : October 21, 1995 Nature of the scheme : An open-ended income scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Growth : Dividend : Benchmark : CRISIL Composite Bond Fund Index Average AUM : Rs Crores Load Structure (Incl. for SIP) Entry Load : Nil Exit Load** : For Purchase / Switch in of Units, upto and including Rs. 1 lacs in value, an exit load of 1.% is payable if units are redeemed / switched out within 365 days from the date of allotment. For Purchase / Switch in of Units, greater than Rs. 1 lacs in value, an exit load of.25% is payable if units are redeemed / switched out within seven days from the date of allotment **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 1.97 Years Modified Duration : 7 Years (for Debt Component) Yield to Maturity : 7.25% (for Debt Component) Mark to Market : 84% Standard Deviation : 17.82% Year 3 Years 5 Years Since Inception Birla Sun Life Income Plus CRISIL Composite Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. Rating Government Bond Govt.Stock Sovereign 8.33 CGL Sovereign 6.5 Govt. Bond Sovereign 7.95 CGL Sovereign 6.83 Govt.Stock Sovereign 7.99 CGL Sovereign 6.3 CGL Sovereign 7.49 CGL Sovereign 8.28 Govt.Stock Sovereign 7.46 CGL Sovereign 8.15 GOI FCI SB Sovereign PSU/PFI Bonds/Banks Indian Railways Finance Corporation Ltd.** 8.71 AAA NABARD** 6.98 AAA Power Finance Corporation Ltd.** 4.62 AAA Sovereign Cash & Current Rating Rural Electrification Corporation Ltd.** 2.17 AAA Export-Import Bank of India.**.27 AAA Corporate Debt 7.28 Reliance Industries Ltd.** 3.16 AAA HDFC Ltd.** 2.71 AAA Reliance Gas Transportation Infrastructure Ltd.** 1.37 AAA ILFS Ltd.**.4 LAAA(SO) Money Market Instruments 2.28 UCO Bank 1.75 P1+ Punjab National Bank.52 PR1+ Cash & Current Total Net Asset 1. ** Represents thinly traded/ non traded securities and illiquid securities.total Percentage of thinly/non traded securities is 3.3 %. AAA 13.69% 32.31% 54.% CRISIL~CPR 1^^ Birla Sun Life Income Plus Income Scheme (21 Schemes), 2 Yrs ended 31-Dec-8 CRISIL~CPR 1^^ Birla Sun Life Income Plus Consistent CPR Performer-Debt (13 Schemes), 5 Yrs ended 31-Dec-8 36 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: 5-Star Award by ICRA Birla Sun Life Income Plus Open Ended Debt - Long Term (21 Schemes), 3 year ended 31-Dec-8 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47

37 Birla Sun Life Income Fund As on January 3, 29 Credit Quality High Med Low Interest Rate Sensitivity High An open-ended income scheme with the objective to generate income and capital appreciation by investing 1% of the corpus in a diversified portfolio of debt and money market securities. Rating Profile Low Fund Manager : Mr. Satyabrata Mohanty Managing Fund Since : November 3, 27 Total Experience : 1 years Date of inception : March 3, 1997 Nature of the scheme : An open-ended income scheme Default option : Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Growth : Quarterly Dividend : Half Yearly Dividend : EA Growth : EA Dividend : EB Growth : EB Dividend : Benchmark : CRISIL Composite Bond Fund Index Average AUM : Rs Crores Load Structure (Incl. for SIP) Entry Load : Nil Exit Load** : < Rs. 1 crore - 1% if redeemed / switched out within 365 days > Rs. 1 crore - Nil **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment Birla Sun Life Income Fund CRISIL Composite Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Government Bond CGL Sovereign 7.5 CGL Sovereign 7.56 Govt.Stock Sovereign 8.24 Govt.Stock Sovereign 6.5 Govt. Bond Sovereign 6.83 Govt.Stock Sovereign 7.94 CGL Sovereign 8.33 CGL Sovereign PSU/PFI Bonds/Banks Indian Railways Finance Corporation Ltd.** 9.3 AAA NABARD ** 4.53 AAA National Housing Bank** 4.15 AAA Power Finance Corporation Ltd.** 1.62 AAA Year 3 Years 5 Years Since Inception Sovereign Rating Rural Electrification Corporation Ltd** 1.57 AAA IDBI Bank Ltd.** 1.25 AA+ Corporate Debt 4.91 HDFC Ltd. ** 2.4 AAA Reliance Industries Ltd.** 1.78 AAA Reliance Gas Transportation Infrastructure Ltd** 1.9 AAA Cash & Current 21.7 Total Net Asset 1. ** Represents thinly traded/ non traded securities and illiquid securities.total Percentage of thinly/non traded securities is %. AAA Cash & Current AA 1.25% 21.7% 26.6% 5.99% Average Maturity : Years Modified Duration : 9 Years (for Debt Component) Yield to Maturity : 7.5% (for Debt Component) Mark to Market : 9% Standard Deviation : 16.97% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI CRISIL~CPR 1^^ Birla Sun Life Income Fund Income Scheme (21 Schemes), 2 Yrs ended 31-Dec-8 # Value Research Rating Birla Sun Life Income Fund Debt: Medium Term (54 Schemes), 18 months & 3 years ended 31-Jan-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 && CNBC TV-18 CRISIL AWARD 27 Birla Sun Life Income Fund Category: Income Funds 1 yr performance ended 31 Dec, 7. Total Schemes in Category = 17 Winner of & Best Fund - 3 & 1 yrs Performance Lipper Awards India 28 Birla Sun Life Income Fund - Growth Bond INR General, 3 yrs ended 31-Dec-7 out of 1 & 1 Schemes respectively 37

38 Birla Sun Life Cash Manager As on January 3, 29 Credit Quality High Med Low Interest Rate Sensitivity High An open-ended liquid scheme with the objective to provide current income which is consistent with a portfolio that offers investors superior liquidity by investing 1% in a diversified portfolio of debt (Fixed Income) and money market securities. Rating Profile Low Fund Manager : Mr. Satyabrata Mohanty & Mr. Maneesh Dangi Managing Fund Since : November 3, 27 Total Experience : 1 years & 6 years Date of inception : May 14, 1998 Nature of the scheme : An open-ended liquid scheme Default option : Appln of less than Rs. 1 cr - Weekly Dividend Reinvestment. Appln of equal to or greater than Rs. 1 cr - Institutional Plan - Daily Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 1/- Additional Purchase : Rs. 1/- Institutional Plan Fresh Purchase : Rs. 1 Crore Additional Purchase : Rs. 1 Lac Redemption Cheques : Within 1 working days Systematic Investment : Not Available Birla Sun Life Cash Manager CRISIL Liquid Fund Index Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Rating Money Market Instruments 92.8 Punjab National Bank 2.87 PR1+ State Bank of Patiala 16.7 P1+ Vijaya Bank 14. P1+ IDBI Bank Ltd P1+ ABN AMRO Bank A days 1 Month 3 Months Since Inception AAA Cash & Current 7.2% Rating ICICI Bank Ltd A1+ Axis Bank Ltd. 2.1 P1+ Cash & Current 7.2 Total Net Asset % Growth : Weekly Dividend : 1.82 (Reinvestment) Institutional Growth : Institutional Daily Dividend : 1.52 (Reinvestment) Institutional Weekly Dividend : 1.84 (Reinvestment) Benchmark : CRISIL Liquid Fund Index Average AUM : Rs Crores Load Structure Entry Load : Nil Exit Load : Nil Average Maturity :.51 Years Yield to Maturity : 8.25% (for Debt Component) Mark to Market : % Standard Deviation :.23% 38 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI

39 Birla Sun Life Floating Rate Fund As on January 3, 29 Credit Quality High Med Low Interest Rate Sensitivity High The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments. - Long Term Plan Rating Profile - Long Term Plan Low AAA 95.17% Fund Manager : Mr. Satyabrata Mohanty Total Experience : 1 years Date of inception : June 5, 23 Nature of the scheme : An Open-ended Income Scheme Default option Long Term Plan : Dividend Reinvestment Short Term Plan : Appln of less than Rs. 5 cr - Daily Dividend Reinvestment Appln of equal to or greater than Rs. 5 cr - Institutional Plan - Daily Dividend Reinvestment Short Term - Retail Plan & Long Term Plan Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Short Term - Institutional Plan Fresh Purchase : Rs. 5 Crore Additional Purchase : Rs. 1 Lac Redemption Cheques : Within 1 working days SIP : Available### SWP : Available STP : Available Birla Sun Life Floating Rate Fund - LTP - Growth CRISIL Liquid Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more Short Term Plan Year 3 Years 5 Years Since Inception Cash & Current 4.83% Rating Profile - Short Term Plan AAA Cash & Current 13.7% 77.54% Long Term Plan Growth : Daily Dividend : 1.71 (Reinvestment) Weekly Dividend : (Reinvestment) Monthly Dividend : (Reinvestment) Short Term Plan Growth : Daily Dividend : 1.34 (Reinvestment) Dividend : (Reinvestment) Institutional Plan - Growth : Institutional Plan - Daily Dividend (Reinvestment) : 1. Institutional Plan - Fortnightly Dividend : 1. (Reinvestment) Institutional Plan - Weekly Dividend : 1.96 (Reinvestment) Benchmark : CRISIL Liquid Fund Index Average AUM Long Term Plan : Rs Crores Short Term Plan : Rs Crores Load Structure Long Term Plan (Incl. for SIP) Entry Load : Nil Exit Load** :.1% Redeemed / switched out within 7 days from the date of allotment Short Term Plan Entry Load : Nil Exit Load : Nil **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity Long Term Plan :.42 Years Short Term Plan :.48 Years Yield to Maturity (for Debt Component) Long Term Plan : 8.% Short Term Plan : 7.8 % Mark to Market Long Term Plan : % Short Term Plan : % Standard Deviation Long Term Plan :.2 % Short Term Plan :.41 % Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI 15 days 1 Month 3 Months Since Inception Birla Sun Life Floating Rate Fund - STP - Growth CRISIL Liquid Fund Index Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more. - Long Term Plan Rating Money Market Instruments State Bank of Indore 18.2 P1+ ICICI Bank Ltd A1+ ONGC Videsh Ltd P1+(SO) IDBI Bank Ltd P1+ Federal Bank Ltd P1+ Canara Bank 7.29 A1+ State Bank of Travancore 6.96 A1+ UCO Bank 6.16 P1+ Punjab National Bank 2.31 F1+ Floating Rate Instruments 7.78 Housing Development Finance Corporation Ltd AAA Net receivables / payables 4.83 Total Net Asset 1. AA 8.76% - Short Term Plan Rating Money Market Instruments Value Research Rating Birla Sun Life Floating Rate - Long Term Debt - Floating Rate LT (11 Schemes), 18 months & 3 years ended 31- Jan-9 Canara Bank 2.53 A1+ IDBI Bank Ltd P1+ Export-Import Bank of India AAA Infrastructure Development Finance Company Ltd. 4.1 A1+ Floating Rate Instruments Housing Development Finance Corporation Ltd AAA Citi Financial Consumer Finance India Ltd 8.76 AA+ ICICI Bank Ltd. 3.5 AAA Cash & Current 13.7 Total Net Asset 1. (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 ### Not Available for Birla Sun Life Floating Rate Fund - Short Term Plan 39

40 Birla Sun Life Gilt Plus As on January 3, 29 Credit Quality High Med Low Interest Rate Sensitivity High An open-ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. - Liquid Plan Rating Profile - Liquid Plan Low Fund Manager : Mr. Satyabrata Mohanty & Mr. Maneesh Dangi Managing Fund Since : November 3, 27 Total Experience : 1 years & 6 years Date of inception : October 12, 1999 Nature of the scheme : An Open Ended Government Securities Scheme Default option : Growth Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Liquid Plan Growth : 2.75 (Quarterly Gain & Annual Gain) Dividend : Annual Dividend Option : PF Plan Growth : (Quarterly Gain & Annual Gain) Dividend : 1.94 Annual Dividend Option : Regular Plan Growth : (Quarterly Gain & Annual Gain) Dividend : Annual Dividend Option : Benchmark : Liquid Plan : I-Sec SI-BEX PF Plan : I-Sec LI-BEX Regular Plan : I-Sec LI-BEX Average AUM Liquid Plan : Rs Crores PF Plan : Rs Crores Regular Plan : Rs Crores Load Structure (Incl. for SIP) Liquid Plan, Regular Plan & PF Plan - Quarterly / Annual Dividend Entry Load : Nil Exit Load : Nil PF Plan - Growth Entry Load : Nil Exit Load** : 1% if redeemed / switched out within 365 days from the date of allotment **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity Liquid Plan :. Years PF Plan : Years Regular Plan : Years Modified Duration (for Debt Component) Liquid Plan : Years PF Plan : 9 Years Regular Plan : 1 Years Yield to Maturity (for Debt Component) Liquid Plan : 4. % PF Plan : 6.25 % Regular Plan : 6. % Mark to Market Liquid Plan : % PF Plan : 76 % Regular Plan : 87 % Standard Deviation Liquid Plan : 1.58 % PF Plan : % Regular Plan : % 4 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Birla Sun Life Gilt Plus I-Sec SI-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. - PF Plan Birla Sun Life Gilt Plus I-Sec LI-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown Regular plan Year 3 Years 5 Years Since Inception Birla Sun Life Gilt Plus I-Sec LI-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. - Liquid Plan Rating Cash & Current 1. Total Net Asset Regular Plan Rating Government Bond CGL Sovereign 7.99 CGL Sovereign 8.24 Govt.Stock Sovereign 6.83 Govt.Stock Sovereign 7.47 Oil Mkt Co. Goi. Bond Sovereign Cash & Current Total Net Asset Year 3 Years 5 Years Since Inception Year 3 Years 5 Years Since Inception Cash & Current Sovereign Cash & Current Sovereign Cash & Current 23.99% Rating Profile - PF Plan Rating Profile - Regular Plan 12.88% - PF Plan Rating Government Bond CGL Sovereign 7.56 Govt.Stock Sovereign 7.5 CGL Sovereign 8.15 Goi. FCI SB Sovereign 7.94 CGL Sovereign Cash & Current Total Net Asset 5-Star Award by ICRA Birla Sun Life Gilt Plus Regular Plan Open Ended Gilt (22 Schemes), 3 year ended 31-Dec-8 CRISIL~CPR 2^^ Birla Sun Life Gilt Plus - Regular Plan Gilt Scheme (16 Schemes), 2 Yrs ended 31-Dec-8 1.% 76.1% 87.12% Winner of & Best Fund - 5 yrs performance Lipper Awards India 28 Birla Sun Life Gilt Plus - Regular - Growth Bond INR General (35 schemes), 5 Yrs ended 31-Dec-7 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47

41 Birla Sun Life Government Securities Fund As on January 3, 29 Credit Quality High Med Low Interest Rate Sensitivity High An open-ended Gilt scheme with the objective to provide investors current income consistent with a portfolio invested 1% in securities by the Government of India or the State Governments, and the secondary objective is capital appreciation. - Long Term Plan Rating Profile - Long Term Plan Low Fund Manager : Mr. Maneesh Dangi Managing Fund Since : September 12, 27 Total Experience : 6 years Date of inception : October 28, 1999 Nature of the scheme : An open-ended Gilt scheme Default option : Growth Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Long Term Plan Growth : Dividend : Short Term Plan - Retail Growth : Dividend : Daily Dividend : 1.38 (Reinvestment) Weekly Dividend : 1.58 (Reinvestment) Short Term Plan - Institutional Daily Dividend : 1.46 (Reinvestment) Dividend : 1. Benchmark Short Term : I-Sec SI-BEX Long Term : I-Sec LI-BEX Average AUM Long Term plan : Rs. 3.4 Crores Short Term plan : Rs Crores Load Structure (Incl. for SIP) Entry Load : Nil Exit Load : Nil Average Maturity Long Term plan : years Short Term plan : years Yield to Maturity (for Debt Component) Long Term plan : 4. % Short Term plan : 3.5 % Standard Deviation Long Term plan : 6.64% Short Term plan : 2.11% Birla Sun Life G-Sec Fund - LTP - Growth I-Sec Li-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. - Short Term Plan Year 3 Years 5 Years Since Inception Birla Sun Life G-Sec Fund - STP - Growth I-Sec Si-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. - Long Term Plan Rating Cash & Current 1. Total Net Asset Year 3 Years 5 Years Since Inception 6.25 Cash & Current Cash & Current Rating Profile - Short Term Plan - Short Term Plan Rating Cash & Current 1. Total Net Asset 1. 1.% 1.% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI 41

42 Birla Sun Life Dynamic Bond Fund As on January 3, 29 Credit Quality High Med Low Interest Rate Sensitivity High 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. Rating Profile Low Fund Manager : Mr. Maneesh Dangi Managing Fund Since : September 12, 27 Total Experience : 6 years Date of inception : September 27, 24 Nature of the scheme : An open-ended Income scheme Default option : Quarterly Dividend Reinvestment Fresh Purchase : Rs. 5/- Additional Purchase : Rs. 1/- Redemption Cheques : Within 1 working days Retail Growth : Retail Quarterly Dividend : (Payout / Reinvestment) Retail Monthly Dividend : (Payout / Reinvestment) Retail Monthly Dividend sweep option available w.e.f. Jan 12, 29 Benchmark : CRISIL Composite Bond Fund Index Average AUM : Rs Crores Load Structure (Incl. for SIP) Entry Load : Nil Exit Load** : For Units redeemed/ switched out within 6 days from the date of allotment - an exit load of.5% of applicable NAV. **Exit / Entry Load is NIL for units in Bonus & Dividend Reinvestment Year 3 Years Since Inception Birla Sun Life DBF - Retail - Growth Crisil Composite Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Money Market Instruments State Bank of Indore 5.97 P1+ Punjab National Bank 5.6 PR1+ Allahabad Bank 5.4 P1+ Oriental Bank of Commerce 4.48 P1+ Bank of Baroda 4.48 A1+ Export-Import Bank of India 4.46 A1+ Andhra Bank 4.16 F1+ Corporation Bank 3.89 P1+ Indian Bank 2.99 F1+ UCO Bank 2.96 P1+ State Bank of Hyderabad 2.8 A1+ State Bank of Bikaner and Jaipur 1.51 P1+ Allahabad Bank 1.19 A1+ State Bank of Patiala.6 P1+ IDBI Bank Ltd..13 P AAA AA Cash & Current 1.78% 6.61% Rating Export-Import Bank of India** 2.47 AAA Power Finance Corporation Ltd.** 1.71 AAA Indian Railway Finance Corporation Ltd.** 1.8 AAA Power Finance Corporation Ltd.**.96 AAA National Bank for Agriculture & Rural Development**.33 AAA National Hydroelectric Power Corporation Ltd.**.32 AA+ Corporate Debt Reliance Industries Ltd.** 7.49 AAA LIC Housing Finance Ltd.** 4.43 AAA Housing Development Finance Corporation Ltd.** 2.51 AAA Cash & Current 1.78 Total Net Asset % Average Maturity : 2.65 Years Yield to Maturity : 8.85% (for Debt Component) Mark to Market : 5% Modified Duration : 2 years Standard Deviation : 4.19% PSU/PFI Bonds/Banks Rural Electrification Corporation Ltd.** 7.28 AAA IDBI Bank Ltd.** 6.29 AA+ Power Finance Corporation Ltd.** 4.2 AAA National Housing Bank** 3.9 AAA Indian Railway Finance Corporation Ltd.** 3.53 AAA National Bank for Agriculture & Rural Development** 2.73 AAA ** Represents thinly traded/ non traded securities and illiquid securities.total Percentage of thinly/non traded securities is Star Award by ICRA Birla Sun Life Dynamic Bond Fund Open Ended Debt - Short Term (17 Schemes), 1 year ended 31-Dec-8 42 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Value Research Rating # Birla Sun Life Dynamic Bond Fund Debt: Medium Term (39 Schemes), 18 months & 3 years ended 31-Jan-9 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47

43 India Advantage Fund Ltd. (For Non-Resident Indians and Eligible Foreign Nationals) As on January 3, 29 An open-ended growth scheme with the objective of long-term appreciation through investment primarily in equity related securities of companies in India that are run by efficient management, have a sustainable and robust business model and are available at reasonable valuations. Fund Manager : Mr. Ajay Argal Date of inception : August 8, 1996 Nature of the scheme : An open - ended Growth Scheme Options & NAV NAV $ per Class C Share : Benchmark : BSE Sensex and MSCI (India) Average AUM : USD Million CAGR Returns (%) Year 5 Year 1 Year Inception 9.77 India Advantage Fund BSE Sensex MSCI (India) Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.the returns for BSE Sensex are in Indian Rupees while the returns for IAF & MSCI (India) are in US Dollars Asset Allocation Financials Money Market Instruments Consumer Non Durables Petroleum Products Software 9.9 Telecom 8.66 Industrial Capital Goods 7.42 Other Equity 7.28 Oil & Gas 7.13 Power 5.11 Pharmaceuticals 4.75 Ferrous Metals.79 Cash & Current.72 Non-Convertible Debt Conversion Rate 1 USD : INR 49.2 Bloomberg Ticker Code : INDADVC MP Portfolio Name of the Security Sector Percentage of Portfolio Reliance Industries Limited Petroleum Products 8.41 Bharti Airtel Limited Telecom Services 6.92 Infosys Technologies Limited Software 6.24 ONGC Limited Oil & Gas 5.75 ITC Limited Consumer Non Durables 5.71 Bharat Heavy Electronics Limited Industrial Capital Goods 3.89 Hindustan Unilever Limited Consumer Non Durables 3.81 HDFC Limited Financials 3.7 NTPC Limited Power 3.22 ICICI Bank Limited Financials 2.9 TCS Limited Software 2.56 Nestle India Limited Consumer Non Durables 2.48 Dr Reddy's Laboratories Limited Pharmaceuticals 2.47 Bharat Electronics Limited Industrial Capital Goods 2.38 HDFC Bank Limited Financials 2.35 Sun Pharmaceuticals Limited Pharmaceuticals 2.28 AXIS Bank Limited Financials 2.19 CESC Limited Power 1.88 Reliance Communications Limited Telecom Services 1.74 Hindustan Petroleum Limited Petroleum Products 1.72 Bharat Petroleum Limited Petroleum Products 1.66 Oriental Bank Of Commerce Limited Financials 1.57 United Phosphorus Limited Pesticides 1.47 Aban Offshore Limited Oil & Gas 1.39 Larsen & Toubro Limited Construction 1.21 Engineers (India) Limited Industrial Capital Goods 1.16 Great Eastern Shipping Corporation Name of the Security Sector Percentage of Portfolio Limited Logistics 1.13 Tata Chemicals Limited Fertilizers.91 IVRCL Infrastructure Limited Construction.88 Chambal Fertilizers & Chemicals Limited Fertilizers.88% Maharashtra Seamless Limited Ferrous Metals.79 Solar Explosives Limited Chemicals.43 Subex Limited Software.28 Gujarat NRE Coke Limited Mining.27 Futures & Options NIFTY Futures Futures & Options. SBI Futures Futures & Options.8 Larsen & Toubro Futures Futures & Options.1 Debt Instruments CBLO Money Market Instruments Bank CDs Money Market Instruments.86 Trent Limited Non - Convertible Debt.26 TOTAL OTHER NET ASSETS (SUB FUND).9 OTHER NET ASSETS (MAIN FUND) -.18 NET ASSETS 1. Investment via sub-fund, India Advantage (Offshore) Fund, are stated at market/fair value at the date of determination. Securities listed on a recognised stock exchange are valued at the last quoted closing price on the principal exchange on which the security istraded Non-traded securities are valued at amortised cost and/or fair value as determined in good faith by Birla Sun Life Asset Management Company Limited, India, Conversion Rate: 1 USD = INR 49.2 Morningstar Rating Bloomberg Ticker Code: INDADVC MP Also listed on Channel Islands Stock Exchange (CISX) Ranked 11th among Top Performing & Equity Funds in the world by Lipper India Advantage Fund Equity Funds (632 funds), 1 yrs ended 31 Dec 7 (Past performance is no guarantee of future results.) for ranking methodology please refer page 47 43

44 Dividend History (For select Schemes) EQUITY SCHEMES 44 EQUITY SCHEMES Declared on date Dividend (%) # Dividend (Rs. per unit) Face value (Rs.) Cum Dividend NAV (Rs. per unit) Birla Sun Life Advantage Fund 22-Mar Total dividend declared 28-Nov since inception (Feb 24, 1995) = 325% 23-Jan Mar Mar Dec Apr Birla Sun Life Dividend Yield Plus 3-May Total dividend declared 13-Jun since inception (Feb 26, 23) = 178% 24-Jul Sept Oct Dec Feb Sep Dec Mar July Oct Jan April Oct April Nov Birla Sun Life Tax Plan 15-Feb Total dividend declared 17-Oct since inception (Feb 16, 1999) = 245% 26-Mar Oct Dec Feb Mar Birla Sun Life Index Fund 17-Oct Total dividend declared 3-Feb since inception (Sept 18, 22) = 137.5% 23-Mar Birla Sun Life India GenNext Fund 25-Apr Birla Sun Life India Opportunities Fund 4-Feb Total dividend declared since inception (Dec 27, 1999) = 147.5% 14-Jan Feb Oct Sep Birla Sun Life cap Fund 19-Jun Total dividend declared 22-Jul since inception (Oct 3, 22) = 242.5% 24-Dec Oct Jan Feb Dec Dec Jun Birla Sun Life MNC Fund 5-Feb Total dividend declared 22-Feb Aug since inception (Dec 27, 1999) = 24% 18-Jan Aug Birla Sun Life Basic Industries Fund 31-Mar Total dividend declared 7-Oct Mar since inception (Jan 15, 2) = 295% 19-Jan Apr Birla Sun Life Buy India Fund 28-Mar Birla Sun Life Equity Fund 3-Sept Total dividend declared since inception (Aug 27, 1998) = 445% 28-Mar Sept Mar Sept Mar Oct Mar Sept Mar Oct Feb Mar Aug Birla Sun Life Frontline Equity Fund 31-Mar Total dividend declared 14-Oct Feb since inception (Aug 3, 22) = 24% 28-Aug Jun Aug Birla Sun Life New Millennium Fund 27-Jun Birla Sun Life Tax Relief Apr Dec Total dividend declared since inception (Mar 29, 1996) = 216% 19-Jan Mar Mar Jun Birla Sun Life Top 1 Fund 3-May After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.

45 Dividend History (For select Schemes) HYBRID & MONTHLY INCOME SCHEMES Non Corporate Corporate Dividend Dividend (%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit) # # DEBT SCHEMES Date Face Value Dividend Dividend Cum Dividend NAV Birla Sun Life Balance 17-Oct Total dividend declared since inception (Oct 12, 1999) = 65% 2-Jan Birla Sun Life MIP (Monthly Dividend Plan) 31-Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Aug Jan Birla Sun Life MIP II - Savings 5 Plan 27-Mar (Monthly Dividend Plan) 25-Apr May Jun Jul Aug Aug Sep Oct Oct Nov Dec Jan Birla Sun Life MIP II - Wealth 25 Plan 25-May (Monthly Dividend Plan) 29-Jun July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Birla Sun Life '95 Fund 3-Jun Total dividend declared 28-Mar since inception (Feb 1, 1995) = 325% 13-Oct Mar Oct Mar Oct Mar Oct Mar Oct Mar May Birla Sun Life Monthly Income - 29-Jun Monthly Dividend 31-July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jan Birla Sun Life Monthly Income - 2-July Quarterly Dividend 28-Sep Dec Mar Jun Sep Dec After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results. 45

46 Dividend History (For select Schemes) DEBT SCHEMES Non Corporate Corporate DEBT SCHEMES Date Face Value Dividend Dividend Dividend Dividend Cum Dividend NAV # # (%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit) Birla Sun Life Short Term 15-Jun Opportunities Fund 17-Sep Dec Mar Jun Sep Dec Birla Sun Life Dynamic Bond Fund - Retail 2-Jul Quarterly Dividend 29-Aug Sep Oct Dec Birla Sun Life Gilt Plus - Liquid Plan - 17-Sep (Quarterly Dividend) 17-Dec Mar Jun Sep Oct Dec Birla Sun Life Gilt Plus - PF Plan 15-Jun Sep Dec Mar Jun Sep Dec Birla Sun Life Gilt Plus - Regular Plan 15-Jun (Quarterly Dividend) 17-Sep Dec Mar Jun Sep Dec Birla Sun Life Income Plus 15-Dec (Monthly Dividend) 15-Mar Jun Sep Dec Mar Jun Birla Sun Life Govt. Securities - 15-Mar Long Term Dividend 17-Sep Mar Birla Sun Life Govt. Securities - 15-Jun Short Term Dividend 17-Sep Dec Mar Jun Sep Dec Birla Sun Life Income Fund- 15-Mar Half Yearly Dividend 17-Sep Mar Birla Sun Life Income Fund - 15-Jun Quarterly Dividend 17-Sep Dec Mar Jun Sep Dec Birla Sun Life Liquid Plus - 28-Nov Institutional Monthly Dividend 26-Dec Jan Birla Sun Life Liquid Plus - 28-Nov Retail Monthly Dividend 26-Dec Jan Birla Sun Life Short Term Fund - 28-Nov Monthly Dividend 26-Dec Jan After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.

47 Methodology of Ranking # Value Research Ratings Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted average monthly returns for the last 3 and 5-year periods. In the case of debt funds this rating is based on the weighted average weekly returns for the last 18 months and 3-year periods and in case of short-term debt funds - weekly returns for the last 18 months. These ratings do not take into consideration any entry or exit load. Five-stars indicate that a fund is in the top 1 per cent of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 22.5 per cent bottom 1% receive one star. The number of schemes in each category is mentioned along side the categories name. Equity Diversified (131), Equity : Index (18), Equity Tax Planning (22), Hybrid Equity Oriented (26), Hybrid: Monthly Income (32), Debt: Medium-term (39), Gilt: Medium and Longterm (28), Gilt: Short-term (13), Debt: Ultra Short-term (4), Debt: Ultra Short-term Institutional (44), Debt: Short-term (17), Debt: Floating Rate Short-term (16), Debt: Floating Rate Short-term Institutional (1) Debt: Floating Rate Long-term (11), Hybrid: Debt-oriented (17), Debt: Liquid Plus: (22), Debt: Liquid Plus Institutional:(18). These Fund Ratings are as on Jaqnuary 31, 29. The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the ICRA Mutual Fund Awards 29 Ranking Methodology and Disclaimer Birla Sun Life Dynamic Bond Fund 7-Star Fund in Open Ended Debt - Short Term schemes category 17 Schemes 1 year performance ended 31 Dec 28. Birla Sun Life Dividend Yield Plus 5-Star Fund in Open Ended Diversified Equity - Aggressive schemes Category 51 Schemes 1 year performance ended 31 Dec 28. Birla Sun Life MNC Fund 5-Star Fund in Open Ended Diversified Equity - Aggressive schemes Category 51 Schemes 1 year performance ended 31 Dec 28. Birla Sun Life Frontline Equity Fund - 5-Star Fund in the category of Open Ended Diversified Equity - Defensive schemes Category 51 Schemes 1 year performance ended 31 Dec 28. Birla Sun Life Frontline Equity Fund Two 5-Star Fund Rankings both in Open Ended Diversified Equity - Defensive schemes Category 51 and 55 Schemes 1 and 3 year performance ended 31 Dec 28 respectively. Birla Sun Life Liquid Plus - Institutional Plan - 5-Star Fund in the category of Open Ended Liquid Plus - Institutional Plan schemes Category 34 Schemes 1 year performance ended 31 Dec 28. Birla Sun Life Income Plus - 5-Star Fund in the category of Open Ended Debt Long Term schemes Category 21 Schemes 3 year performance ended 31 Dec 28. Birla Sun Life Gilt Plus-Regular Plan - 5-Star Fund in the category of Open Ended Gilt schemes Category 21 Schemes 3 year performance ended 31 Dec 28. The rank for the schemes is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration, portfolio turnover and liquidity. 7-Star Fund Rank indicates - Best Performance amongst the 5-Star Funds. 5-Star Fund Rank indicates - Best performance (Top 1% of the category). Entry/Exit Loads not considered. Past Performance is no guarantee of future results. Ranking Source & Publisher: ICRA Online Limited + ICRA mfaaa and mfa1+ Rating Methodology for Birla Sun Life Floating Rate (Short Term & Long Term) and Birla Sun Life Cash Plus Respectively Birla Sun Life Floating Rate Fund Short Term Plan & Birla Sun Life Floating Rate Fund Long Term Plan: The credit risk rating assigned to the schemes is mfaaa. The rating is the highest-credit-quality rating assigned by ICRA to debt funds. Birla Sun Life Cash Plus: The credit risk rating assigned to the scheme is mfa1+. The highest-credit-quality short-term rating assigned by ICRA to debt funds. Rating methodology used by ICRA is based on evaluating the inherent credit quality of the funds portfolio. As a measure of the credit quality of a debt fund s assets, ICRA uses the concept of credit scores, based on ICRA s assessment of credit risk associated with each exposure of the portfolio taking into account its maturity, investment objectives and policies, its management characteristics and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. Source: ICRA Ltd. * AAAf: CRISIL AAAf Rating Methodology for Birla Sun Life Liquid Plus, Birla Sun Life Income Plus, Birla Sun Life Cash Manager, Birla Sun Life Income Fund, Birla Sun Life Short Term Fund and Birla Sun Life Dynamic Bond Fund AAAf The fund s portfolio holdings provide very strong protection against losses from credit defaults. The credit quality ratings are based on an analysis of the fund s investment philosophy, its management, investment strategies, operational policies and internal controls. Credit quality incorporates the credit risk of securities and the counter-party risk involved in transactions CRISIL has developed a Credit Quality Matrix to evaluate a bond fund s overall level of protection against losses associated with credit default. The matrix is a set of credit factors & credit scores derived scientifically from CRISIL s rating default and transition rates over past ten years. Ranking source: CRISIL FundServices, CRISIL Ltd. ^^Crisil CPR Ranking Methodology & Disclaimer Birla Sun Life Equity Fund: CRISIL~CPR 2 - in Consistent CPR Performer - Equity (29 Schemes) Birla Sun Life Frontline Equity Fund: CRISIL~CPR 1 -In Diversified Equity Scheme Category (8 Schemes). Birla Sun Life Dividend Yield Plus: CRISIL~CPR 2 -In Diversified Equity Scheme Category (8 Schemes). Birla Sun Life Balance Fund: CRISIL~CPR 1 -In Balanced Scheme Category (16 Schemes). Birla Sun Life 95 Fund: CRISIL~CPR 2 -In Balanced Scheme Category (16 Schemes). Birla Sun Life Income Fund: CRISIL~CPR 1 - Income Scheme Category (21 Schemes) Birla Sun Life Income Plus: CRISIL~CPR 1 - Consistent CPR Performer - Income (13 Schemes) Birla Sun Life Income Plus: CRISIL~CPR1 - Income Scheme Category (21 schemes) Birla Sun Life Monthly Income: CRISIL~CPR 2 - MIP Conservative Scheme Category (8 schemes) Birla Sun Life Short Term Fund - Retail Plan: CRISIL~CPR 1 - Debt Short Term Scheme Category (17 Schemes). Birla Sun Life Cash Plus - Institutional: CRISIL~CPR 2 - Liquid Inst. Scheme Category (9 schemes) Birla Sun Life Cash Plus - Retail Plan: CRISIL~CPR 1 Consistent CPR Performer - Liquid (15 Schemes) Birla Sun Life Gilt Plus - Regular Plan: CRISIL~CPR 2 - Gilt Scheme Category (16 schemes) Birla Sun Life Liquid Plus - Retail Plan: CRISIL~CPR 2 - Liquid Plus Scheme Category (27 schemes) CRISIL~Composite Performance Ranking - (CRISIL~CPR) is the relative performance ranking of mutual fund schemes within the peer group. The criteria used for computing the ranking are AUM in excess of category cut-off limits & portfolio disclosure and performance in case of Liquid Plans, Liquid Institutional and Debt-Short Term Last 1 years; All other Schemes Last 2 years and 5 yrs CPR track record for consistent CPR Performers. Fund Ratings are as on 3 September 8. Ranking is done on the following parameters depending on scheme category. CRISIL~CPR 1 - indicates Very Good" performance & ranks within top 1 percentile of the respective category. CRISIL~CPR 2 - indicates Good" performance & ranks within top 11th - 3th percentile of the respective category. Parameters Superior Return Score Mean Return and Volatility Portfolio Concentration Analysis Liquidity Analysis Asset Quality Average Maturity Downside Risk Probability Asset Size Historic performance on CRISIL~CPR Scheme Category Cap Oriented Equity, Diversified Equity, ELSS, Balanced, Debt, MIP (Aggressive & Conservative), Gilt-Long and Consistent CPR Performers Equity, Balanced and Debt Debt-Short, Liquid Plans & Consistent CPR Performers - Liquid All Schemes All Schemes Debt Schemes Debt Schemes Debt- Short Term, Liquid, Liquid Plus, Liquid- Institutional & Super Institutional Debt- Short Term, Liquid, Liquid Plus, Liquid- Institutional & Super Institutional Consistent CPR Performer Equity, Balanced, Debt and Liquid categories Ranking Source: Crisil FundServices, CRISIL Limited & Lipper Awards 28 Award Methodology & Disclaimer Birla Sun Life 95 Fund Growth (BSL 95): Best Fund - 1 yr performance ( ), Mixed Asset INR Aggressive, No. of schemes: 6 Birla Sun Life Income Fund - Growth (BSLIF): Best Fund - 3yr (24-27) & 1 yr ( ) performance, Bond INR - General, No. of schemes: 1 Birla Sun Life Gilt Plus - Regular Growth (BSLGP-Reg): Best Fund - 5 yr performance (22-27), Bind INR Govt, No. of Schemes: 35 Birla Sun Life Tax Relief '96 (BSLTR'96): 3rd Rank (Top Performing Equity funds in the world) - 1 yr performance ( ), Equity Funds, No. of Schemes: 632 BSL 95, BSLIF & BSLGP - Reg are awarded the Lipper Award 28 and BSLTR 96 has been ranked 3rd among the top 1 equity funds in the world on the basis of Consistent Return (Effective Return) value. Entry/Exit load not considered. Ranking source: Lipper - A Reuter S & P Fund Management Rating Standard & Poor s A: The fund demonstrates high standards of quality based on its investment process, risk awareness and consistency of performance relative to its own objectives. Ranking Methodology: The Fund has provided consistent, above average, risk-adjusted returns relative to its peers over a three-year period ending December 31, 26. The Fund is assessed by S&P on basis of quantitative factors viz. historical performance for consistency, discrete period performance comparisons and measurement over 3 discrete twelve-month periods, including 6 month moving average size, turnover, dealing, liquidity of portfolio, gearing, client base, cost, fees and on evaluation of qualitative factors viz. fund management group, portfolio manager and investment team that contributes to long term performance. && CNBC TV18 - CRISIL Mutual Fund of the Year Award for 27 - Award Methodology & Disclaimer Birla Sun Life Mutual Fund - Mutual Fund of the Year: Birla Sun Life Mutual Fund won the CNBC TV18 - CRISIL Mutual Fund of the Year Award in the Category Mutual Fund of the Year. In total 26 fund houses were eligible for the award universe. Fund Houses winning at least two awards for their schemes in the category level awards for 27 were considered for the award. The award is based on consistency of fund house s performance across various scheme categories in the four quarterly CRISIL CPR rankings released during the calendar year 27. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses. Birla Sun Life Infrastructure Fund Growth - Emerging Equity Fund of the Year: Birla Infrastructure Fund - Growth was the only scheme that won the CNBC TV18 - CRISIL Mutual Fund of the Year Award in the Emerging equity Fund of the year category. In total 14 schemes were eligible for the award universe. Open ended equity schemes having a one to two year track record as on December 31, 27 and fulfilling CRISIL s eligibility criteria on disclosure were considered for the award. The award is based on the scheme s performance using the analytical approach of the CRISIL CPR rankings having the analysis period as the year 27. Birla Sun Life Frontline Equity Fund - Growth( Cap Oriented Equity Fund), 22 Schemes: Among 2 winners Birla Sun Life Income Fund (Income Funds), 17 schemes: Only winner Birla Sun Life Monthly Income (Monthly Income Plans Conservative), 9 schemes: Only winner Birla Sun Life Short Term Fund (Income Short Term Funds), 12 schemes: Only winner Schemes present in all four quarter CRISIL CPRs were considered for the award. The award is based on consistency of scheme s performance in the four quarterly CRISIL CPR rankings released during the calendar year 27. The individual CRISIL CPR parameter scores averaged for the four quarters were further multiplied by the parameter weight as per the CRISIL CPR methodology to arrive at the final scores. A detailed methodology of the CRISIL CPR is available at Past performance is no guarantee of future results. Rankings and Award Source: CRISIL FundServices, CRISIL Ltd. For further details on our Funds, please contact our Customers Service Centres at details given below. IDEA Toll Free No & the centralised TOLL no AURANGABAD BARODA BHILLAI BHOPAL DEHRADUN GURGAON INDORE JABALPUR KOLHAPUR LUCKNOW MEERUT MUMBAI (Borivali) MUMBAI (Ghatkopar) NASIK PUNE RAIPUR RAJKOT SURAT VALSAD VASHI VIJAYWADA AGRA : / AHMEDABAD : / 48 AJMER : ALLAHABAD : AMBALA : AMRAVATI : AMRITSAR : ANAND : BANGALURU(Cunningham House Rd) : / 2 / 3 BANGALURU (Jayanagar) : BANGALURU (Malleswaram) : BELGAUM : BHAVNAGAR : BHUBANESHWAR : / 3413 BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD. BRANCHES CALICUT : / 99 CHANDIGARH : CHENNAI (Anna Nagar) : / 1 / 2 / 4 / 6 CHENNAI (Egmore) : / 78 / 715 / 699 COCHIN : / / COIMBATORE : / 4 DELHI : DHANBAD : / 851 DURGAPUR : / 19 / ERODE : / 8 GUWAHATI : / HUBLI : / HYDERABAD (Abids) : JAIPUR : JALANDHAR : JAMNAGAR : JAMSHEDPUR : / JODHPUR : KANPUR : / 21 / 3246 KOLKATA : / 4 / 5 KOTA : LUDHIANA : / 8 MADURAI : / 83 MANGALORE : / 3145 MEHASANA : / 16 MORADABAD : / 3269 MUMBAI (Fort) : MUMBAI (Head Office) : MUMBAI (Prabhadevi) : MYSORE : / 1 / 2 NAGPUR : NOIDA : PANIPAT : PANJIM : PATIALA : PATNA : / 3 PONDICHERRY : RANCHI : / SALEM : SILIGURI : THANE : / 1 TRICHY : / 2 / 3 TRIVANDRUM : UDAIPUR : VAPI : / 6 VARANASI : VISHAKAPATNAM : / 8 Disclaimer: Any information contained in this publication does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, Birla Sun Life AMC Ltd./ its subsidiaries / affiliates / sponsors / trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication from time to time. Recipients of the information contained herein should exercise due care and caution and read the offer documents (including if necessary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. Editorial opinions expressed in the 'Connect' are not necessarily those of Birla Sun Life AMC Ltd. or any of their officers, employees, personnel, directors and Birla Sun Life AMC Ltd. and its officers, employees, personnel, directors do not accept responsibility for the editorial content. Birla Sun Life AMC Ltd. or any of its officers, employees, personnel, directors make no representation as to the accuracy, completeness or reliability of the editorial content and hereby disclaim any liability with regard to the same. Statutory Details: Constitution: Birla Sun Life Mutual Fund (BSLMF) has been set up as a Trust under the Indian Trust Act, Sponsors: Aditya Birla Nuvo Limited and Sun Life (India) AMC Investments Inc. (liability restricted to seed corpus of Rs. 1 Lac). Trustee: Birla Sun Life Trustee Company Pvt. Ltd. Investment Manager: Birla Sun Life Asset Management Company Ltd.Risk Factors: Mutual Funds and securities investments are subject to market risks and there can be no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units under the Scheme may go up or down depending on the various factors and forces affecting capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Schemes and may not necessarily provide a basis of comparison with other investments. The names of the Schemes do not, in any manner, indicate either the quality of the Schemes or their future prospects or returns. Unitholders in the schemes are not being offered any guaranteed/assured returns. Investors should read the Offer Document/ Key Information Memorandum available at Investor Service Centers and with distributors carefully before investing. The Material provided in the Connect cannot be reproduced or quoted anywhere without express permission from Birla Sun Life Asset Management Company Ltd. 47