MUTUAL INTEREST September, 2013 Investment Managers: LIC Nomura Mutual Fund Asset Management Company Ltd.

Transcription

1 MUTUAL INTEREST September, 2013 Investment Managers: LIC Nomura Mutual Fund Asset Management Company Ltd. Mutual Fund investments are subject to market risks, read all scheme related documents carefully World-class asset management laccess to global research lenhanced offerings of services & products

2 LIC Nomura MF Income Plus Fund upgraded by ICRA A1+mfs An open-ended Debt Scheme Open-ended Debt scheme providing liquidity and attractive returns. Growth, Dividend - Reinvestment and Dividend payout option. T + 1 Redemption facility. Daily, Weekly, Monthly Dividend. lregular income over short term. linvestment in Debt/Money Market Instrument/Govt. Mutual Fund investments are subject to market risks, read all scheme related documents carefully Applicable Criteria is available on ICRA s website at All ICRA Credit Ratings are subject to certain Limitations and Disclaimers. Please read these Limitations and Disclaimers. For Complete rating scale and definitions please refer to ICRA Website or other ICRA rating publications. 2 MUTUAL INTEREST September, 2013

3 MARKET REVIEW Shri S. Ramasamy CIO - Debt DEBT MARKET REVIEW Indian Policy actions and movement of economic indicators in the month of August 2013: Date 8th August 2013 Events To address volatility in Forex Market, RBI decided to auction GOI cash management bills for a notified amount of Rs 22,000 once every week on Mondays. 12th August 2013 IIP Data for June month released with industrial production at (2.2%) in June against (2%) decrease in the same month of th August 2013 lwpi Data for July month released showing inflation 5.79% in July compared to 4.86% in previous month as food items turned costlier. Thirteen of the 22 broad manufacturing categories showed a fall in june against 11 in May.CPI inflation declined to 9.64% in July from 9.87% in the previous month. lrbi announced measures to rationalize Foreign Exchange Outflows by Resident Indians by reducing the limit for remittances made under the Liberalised Remittance Scheme (LRS Scheme), from USD 200,000 to USD 75,000 per financial year. lrbi reduced the limit for Overseas Direct Investment (ODI) under automatic route for all fresh ODI transactions, from 400% of the net worth of an Indian Party to 100% of its net worth 19th August 2013 lbonds yield shot up above 9% on back of market concerns related to RBI measures of 14th August th August st August th August th August 2013 RBI announced measures to address market conditions such as allowing banks to retain SLR holdings in HTM category at 24.5 per cent until further instructions. RBI announced OMO purchase of Government of India dated securities for Rs 8,000 Crores on August 23, 2013 so that liquidity tightening does not harden long term yields sharply and adversely impact the flow of credit to the productive sectors of the economy. 10-year benchmark government bonds yield touched 9.48 per cent in the early trading l l l FOMC minutes released hints to beginning of tapering its bond purchase programme Based on the current assessment of prevailing and evolving market conditions RBI announced OMO purchase of Government of India dated securities for Rs 8,000 Crores on August 30, 2013 through multi-security auction using the multiple price method To meet the entire daily dollar requirements of three public sector oil marketing companies (IOC, HPCL and BPCL),RBI introduced Forex Swap Window under which Reserve Bank will undertake sell/buy USD-INR forex swaps for fixed tenor with the oil marketing companies through a designated bank Rupee touched an all time low at to a dollar l l All the moves initiated by RBI were admittedly aimed at stabilizing the volatile movement of rupee v/s dollar and curb speculation in the foreign exchange market. India's gross domestic product (GDP) growth dived to a four-year low of 4.4 per cent in the April-June quarter of , against 4.8 per cent in the fourth quarter of the previous financial year. Growth crashed as industry was under the pressure of high interest rates and the overall gloomy economic conditions. Much of the services sector, too, posted a modest growth, except for government expenditureboosted community and social activities. Following movements took place in the month of August 2013: lthe average Call & average CBLO rates were at 10.38% & 10.25% respectively as on 30th August lthe 1 year and 5 year OIS ended at 9.70% (9.59%) & 8.72% (8.48%) respectively as on 30th August lrbi infused Rs.39,984 crores in the 3 days repo auction, absorbed Rs 60 crores in the reverse repo auction and infused Rs 71,997 Crores under 3 days MSF on 30th August lpsu banks 3 months CD traded at of 11.80% and 1 year CD at 10.78% as on 30th August lthe 10 year bond traded at an average yield of 8.48% during the month. lthe Rupee Dollar Exchange rate has been in the range of Rupees to to a dollar in the month of August 2013 and depreciated heavily compared to the month of July 2013 range of to and traded at an average of The rupee touched all time low of against the dollar on 28th August lmibor rate were in the range of 8.92% to 10.42% during the month of August 2013 and closed at 10.36% on 30th August Outlook for the month of September 2013: lthe USD/INR rate is the most important indicator for market participants as of now. lthe unconventional policy response by RBI of trying to communicate a temporary regime of high short term and low/ stable long term yields (Inverted curve) has resulted in confusion in the market that analyses based on conventional theory. lthe yields have sharply jumped in the last 6 weeks of this regime. lsignificant events and data releases from U.S and fall out of any action against Syria will have impact on all markets. lthe effect of policy responses from RBI and the Government in the last two months may start showing effect in the next month. lconsidering the above and the markets being in over sold zone, we expect the yield both long term and short term to ease sooner than later. EQUITY MARKET REVIEW Shri Nobutaka Kitajima CIO - Equity After witnessing some weakness in July the benchmark indices ended deep in red in August with BSE Sensex down 3.8% and Nifty down 4.7%. The INR touched a new all time low of against USD. However the fall was arrested, at least temporarily, as RBI and the government took various measures like opening of forex swap windows to meet dollar requirements for crude oil imports. Globally, the Syrian crisis added to the INR's woes as the Brent spiraled up. 1QFY14 GDP recorded a sharp deceleration in growth as it came in at 4.4%, below consensus expectation of 4.7%. Meanwhile, Jun IIP disappointed again as it fell by 2.2% versus street expectation of -1.1%. May data was revised downwards to 2.8%. Continuing with the rise seen in WPI in June, the July WPI showed a further rise to 5.8% from 4.9% recorded in previous month. July CPI indicated some easing as it decelerated to 9.6% from 9.9% in the month before, but core inflation rose to 8% from 7.7% in June. Sector-wise, the top gainers were metal and IT which rose by 13.1% and 7.6% respectively. Month-end, Sesa Goa soared on likely Sensex inclusion and passive flows from consummation of merger with Sterlite and JSP approved buyback of shares from existing shareholders at a max of Rs261/share. IT sector continued its uptrend on the back of depreciating rupee. On the other hand, Capital Goods, Realty, Consumer Durables and Bank index fell by 13.9%, 10.9%, 10.3%, and 9.9% respectively. With weak IIP numbers, heavy selling continued in capital goods space. With the RBI taking out various regulations on gold imports, retail jeweler Titan, took another hit as RBI reversed the relaxation on gold on lease - stipulating full upfront payment. Bank stocks were a significant underperformer as high bond yields hurt trading books; RBI's steps of not to show mark to market losses provided only a short-lived reprieve. Meanwhile, Axis & IDFC fell sharply on news of exclusion from the MSCI EM index. Capital flows: FIIs were net sellers in the equity to the tune of Rs 5,922 crore in the month of August but were still net buyers in equity to the tune of Rs. 60,169 crore from January 2013 to August (Source: SEBI) Outlook: Latest 1 month return 3 months return 6 months return Benchmark Index Price (%) (%) (%) S&P BSE SENSEX CNX Nifty Index S&P BSE S&P BSE S&P BSE S&P BSE Mid-Cap S&P BSE Small -Cap Latest 1 month return 3 months return 6 months return Benchmark Index Price (%) (%) (%) BSE IT S&P BSE AUTO Index S&P BSE BANKEX S&P BSE Capital Goods S&P BSE Consumer Durables S&P BSE FMCG S&P BSE Health Care S&P BSE METAL Index S&P BSE OIL & GAS Index S&P BSE Power Index S&P BSE Realty Index The Q1 results season ended in mid August with SBI disappointing again as asset quality deterioration spread across segments. Over the month, two key bills were passed in the Lower House of the Parliament - the Food Security Bill and the Land Acquisition Bill indicating populism ahead of the elections. While capital markets continue to be witness volatility there will be action seen in the coming months for the government's divestment activities. Providing a much needed stimulus to the infra sector, the Cabinet Committee on Investments (CCI) asked various government ministries & state govts to approve 36 core sector projects within 60 days. Meanwhile, the Oil Minister is also reportedly mulling options of raising quantum of monthly diesel price hikes from the 50p/l currently to Re 1/l as well as a one-time price hike of ~Rs5/l to help oil cos ease some of the under recoveries burden. Over the month, 2 rounds of price hikes resulted in petrol prices up by Rs 3.21/I & diesel prices by Rs 1.06/l. There was no RBI policy meet in August, with the next one to be held in Sep. However, over the month RBI announcements indicated a mild reversal in its liquidity stance as it sought to ease some tightening via OMO infusions. September 5, 2013, marks the entry of a new RBI Governor who is likely to focus on currency defense and inflation-fighting through measures including the initiation of a potential swap line with developed market central bank, use of forex reserves and interest rate hikes. On the global front, the Fed's meeting will be keenly watched for, to provide further light on QE tapering plans, along with potential military action on Syria. 3

4 COLOR CODE Scheme/ Plans LIC NOMURA MF BOND FUND This product is suitable for investors who are seeking* lregular income over medium to long term. linvestment in Debt/Money Market Instrument/Govt. Securities. llow RISK (BLUE) LIC NOMURA MF FLOATING RATE FUND-SHORT TERM FUND lregular income over short term. linvestment in floating rate instrument swapped for floating rate returns. llow RISK (BLUE) LIC NOMURA MF GOVT SECURITIES FUND llong term capital appreciation and current income. linvestment in sovereign securities issued by Central or state government and Debt Securities issued by PSUs llow RISK (BLUE) LIC NOMURA MF INCOME PLUS FUND lregular income over short term. linvestment in Debt/Money Market Instrument/Govt. llow RISK (BLUE) LIC NOMURA MF LIQUID FUND lincome over short term. linvestment in Debt/Money Market Instruments llow RISK (BLUE) LIC NOMURA MF SAVINGS PLUS FUND lregular income over short term. linvestment in Debt/Money Market Instruments llow RISK (BLUE) LIC NOMURA MF BALANCED FUND llong term capital appreciation and regular income. linvestment in equity and equity related securities, fixed income securities (debt and Money market securities) lmedium RISK (YELLOW) LIC NOMURA MF FLOATER MIP lregular income and capital appreciation linvestment in Debt and money market instruments as well as Equity and equity related instruments lmedium RISK (YELLOW) LIC NOMURA MF MONTHLY INCOME PLAN lregular income and capital appreciation linvestment in Debt and money market instruments as well as Equity and equity related instruments lmedium RISK (YELLOW) LIC NOMURA MF CHILDRENS FUND llong term capital appreciation linvestment in Debt and money market instruments as well as Equity and equity related instruments lmedium RISK (YELLOW) 4 MUTUAL INTEREST September, 2013

5 COLOR CODE Scheme/ Plans LIC NOMURA MF UNIT LINKED INSURANCE LIC NOMURA MF EQUITY FUND LIC NOMURA MF GROWTH FUND LIC NOMURA MF INDEX-NIFTY PLAN LIC NOMURA MF INDEX-SENSEX ADVANTAGE PLAN LIC NOMURA MF INDEX-SENSEX PLAN LIC NOMURA MF INFRASTRUCTURE FUND LIC NOMURA MF TAX PLAN This product is suitable for investors who are seeking* Long term capital appreciation and tax benefits l linvestment in equity and equity related instruments fixed income securities (Debt and money Market) lmedium RISK llong term capital growth (YELLOW) linvestment in equity and equity related securities lhigh RISK llong term capital growth (BROWN) linvestment in equity and equity related securities lhigh RISK llong term capital growth (BROWN) linvestment in equity Instrument of respective index stock subject to tracking error lhigh RISK llong term capital growth (BROWN) linvestment in equity Instruments of respective index stock subject to tracking error lhigh RISK llong term capital growth (BROWN) linvestment in equity Instrument of respective index stock subject to tracking error lhigh RISK llong term capital growth (BROWN) linvestment in equity and equity related instruments related directly or indirectly with the infrastructure sector. lhigh RISK llong term capital growth (BROWN) linvestment in equity and equity related securities lhigh RISK (BROWN) * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note : Risk is represented as : (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk 5

6 LIC NOMURA MF LIQUID FUND Scheme Type: Debt - Liquid Launch Date: March 11, 2002 AUM as on 30/08/2013: INR Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- (w.e.f ) Name: Shri Killol Pandya as on August 30, 2013 Growth Dividend Direct Growth Direct Dividend EXPENSE RATIO : 0.20% METRICS Average Maturity 24 days Duration 0.06 yrs An open ended scheme which seeks to generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market instruments and quality debt instruments. Company Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit IDBI BANK LTD CRISIL A % AXIS BANK LTD CRISIL A % THE JAMMU & KASHMIR BANK LTD CRISIL A % STATE BANK OF PATIALA ICRA A % ORIENTAL BANK OF COMMERCE CRISIL A % VIJAYA BANK CARE A % SOUTH INDIAN BANK LTD CARE A % INDIAN BANK FITCH A % HDFC BANK LTD CARE A % PUNJAB NATIONAL BANK CARE A % DENA BANK CRISIL A % UCO BANK CRISIL A % CENTRAL BANK OF INDIA CARE A % IDBI BANK LTD ICRA A % BANK OF BARODA ICRA A % ORIENTAL BANK OF COMMERCE CARE A % BANK OF INDIA CRISIL A % STATE BANK OF HYDERABAD ICRA A % ANDHRA BANK CRISIL A % UNION BANK OF INDIA CRISIL A % ALLAHABAD BANK CRISIL A % SYNDICATE BANK CRISIL A % KOTAK MAHINDRA BANK LTD CRISIL A % STATE BANK OF TRAVANCORE ICRA A % STATE BANK OF MYSORE ICRA A % BANK OF MAHARASHTRA CRISIL A % Certificate of Deposit Total 36.03% Commercial Paper STEEL AUTHORITY OF INDIA LTD CARE A % NATIONAL HOUSING BANK CRISIL A % MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD CRISIL A % RELIANCE CAPITAL LTD CRISIL A % ADITYA BIRLA FINANCE LTD ICRA A % EXPORT IMPORT BANK OF INDIA ICRA A % EID PARRY INDIA LTD CRISIL A % INDIABULLS HOUSING FINANCE LTD CRISIL A % EXPORT IMPORT BANK OF INDIA CRISIL A % HOUSING DEVELOPMENT FINANCE CORPORATION LTD ICRA A % POWER FINANCE CORPORATION LTD CRISIL A % PIRAMAL ENTERPRISES LTD ICRA A % STEEL AUTHORITY OF INDIA LTD CRISIL A % I L & F S LTD ICRA A % HOUSING & URBAN DEVELOPMENT CORPN. LTD. CRISIL A % CHAMBAL FERTILIZERS & CHEMICALS LTD CRISIL A % NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CRISIL A % STEEL AUTHORITY OF INDIA LTD FITCH A % L AND T FINCORP LIMITED CARE A % ADITYA BIRLA NUVO LTD CARE A % HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL A % BLUE STAR LTD CARE A % Commercial Paper Total 54.89% Money Market Instruments Total 90.92% CBLO / REPO 11.68% NET RECEIVALBES/(PAYABLES) -2.60% 9.08% MATURITY PROFILE FOR THE RATING PROFILE FOR THE 9.08% Cash & Other Receivables 9.08% CARE A1+, CRISIL A1+, ICRA A1+, FITCH A1+ <61 days 90.92% 90.92% 9.08% 36.03% 54.89% 0.00% 20.00% 40.00% 60.00% 80.00% % Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,865 10,812 10,813 Last 2 Years 10,920 10,868 11,653 Last 3 Years 10,723 10,719 12,168 21,704 NA 18, % NA 5.55% DISCRETE 12 MONTHS RETURNS ANNUALISED PERFORMANCE Period Fund C Fund~LX 1 year T-bill Jun 29, 2012 To Jun 28, % 8.12% 8.17% Jun 30, 2011 To Jun 29, % 8.68% 7.76% Jun 30, 2010 To Jun 30, % 7.18% 4.43% As on 30 August 2013 Period Fund C Fund~LX 1 yr T-bill Last 7 Days 10.70% 8.03% 9.86% Last 15 Days 10.70% 10.44% 17.45% Last 30 Days 10.73% 9.47% 9.60% * For Dividend History refer to page no MUTUAL INTEREST September, 2013

7 LIC NOMURA MF SAVINGS PLUS FUND Scheme Type: Debt - Short Term The investment objective of the Scheme is to generate income by investing in a portfolio of quality short term debt securities. Launch Date: May 29, 2003 AUM as on 30/08/2013: INR Cr Exit Load: 0.10% if exit within 15 days from the date of allotment of units (w.e.f ) Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Name: Shri Killol Pandya as on August 30, 2013 Growth Dividend - Daily Company Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit Oriental Bank of Commerce CARE A % Bank of Baroda ICRA A % IDBI Bank Ltd CRISIL A % Central Bank of India CARE A % South Indian Bank Ltd CARE A % Bank of India CRISIL A % Axis Bank Ltd CRISIL A % Allahabad Bank ICRA A % Certificate of Deposit Total 73.08% Commercial Paper Infrastructure Development Finance Company Ltd ICRA A % Reliance Capital Ltd CRISIL A % Commercial Paper Total 13.70% MONEY MARKET INSTRUMENTS Total 86.78% CBLO / REPO 13.23% NET RECEIVALBES/(PAYABLES) -0.01% 13.22% Dividend - Weekly Dividend - Monthly MATURITY PROFILE FOR THE RATING PROFILE FOR THE Direct Growth Direct Dividend - Daily Cash & Other Receivables 13.22% 13.22% Direct Dividend - Weekly Direct Dividend - Monthly <61 days >61 & <92 Days 10.40% 34.78% 86.78% CRISIL A1+, CARE A1+, ICRA A1+ >92 Days 41.60% EXPENSE RATIO : 0.85% 0.00% 5.00% 10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00% METRICS Average Maturity Duration 105 days 0.26 yrs 13.70% 13.22% Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,785 10,812 10,813 Last 2 Years 10,863 10,868 11,653 Last 3 Years 10,678 10,719 12,168 18,544 18,528 17,033 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Jun 29, 2012 To Jun 28, % 8.12% 8.17% Jun 30, 2011 To Jun 29, % 8.68% 7.76% Jun 30, 2010 To Jun 30, % 7.18% 4.43% 73.08% 6.33% 6.32% 5.44% * For Dividend History refer to page no. 24 7

8 LIC NOMURA MF FLOATING RATE FUND Scheme Type: Debt - Floating The investment objective of the Scheme is to generate consistent return by investing mainly in a floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimize the interest rate risk for the investor. Launch Date: March 15, 2004 AUM as on 30/08/2013: INR Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Company Industry/Rating % to Nav MUTUAL FUND Mutual Fund Units LICMF LIQUID FUND-GROWTH 34.71% Mutual Fund Units Total 34.71% MUTUAL FUND Total 34.71% CBLO / Repo 65.00% Net Receivalbes/(Payables) 0.29% 65.29% Name: Shri Killol Pandya as on August 30, 2013 Growth Dividend - Daily Dividend - Weekly Direct Growth MATURITY PROFILE FOR THE RATING PROFILE FOR THE Direct Dividend - Daily Direct Dividend - Weekly Cash & Other Receivables Mutual Fund Units 34.71% 65.29% 65.29% 34.71% Mutual Fund Units Cash & Other Receivables EXPENSE RATIO : 0.54% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% METRICS Average Maturity Duration 1 days 0.00 yrs DISCRETE 12 MONTHS RETURNS 65.29% 34.71% Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,750 10,812 10,813 Last 2 Years 10,849 10,868 11,653 Last 3 Years 10,638 10,719 12,168 19,006 17,915 16,085 Period Fund C Fund~LX 1 year T-bill Jun 29, 2012 To Jun 28, % 8.12% 8.17% Jun 30, 2011 To Jun 29, % 8.68% 7.76% Jun 30, 2010 To Jun 30, % 7.18% 4.43% 7.21% 6.52% 5.29% * For Dividend History refer to page no MUTUAL INTEREST September, 2013

9 LIC NOMURA MF INCOME PLUS FUND Scheme Type: Debt Launch Date: May 28, 2007 An open ended debt scheme which seeks to provide reasonable possible current income - consistent with preservation of capital and providing liquidity - from investing in a diversified portfolio of short-term money market and debt securities. AUM as on 30/08/2013: INR Cr Exit Load: 0.50% if exit within 90 days from the date of allotment of units (w.e.f ) Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- (w.e.f ) Name: Shri Killol Pandya as on August 30, 2013 Growth Dividend - Daily Dividend - Weekly Company Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit BANK OF BARODA ICRA A % ALLAHABAD BANK ICRA A % ING VYSYA BANK LTD CRISIL A % BANK OF INDIA CRISIL A % CENTRAL BANK OF INDIA CARE A % AXIS BANK LTD CRISIL A % ICICI BANK LTD CARE A % IDBI BANK LTD CRISIL A % ANDHRA BANK CARE A % ORIENTAL BANK OF COMMERCE CARE A % Certificate of Deposit Total 82.03% Commercial Paper RELIANCE CAPITAL LTD CRISIL A % Commercial Paper Total 12.02% MONEY MARKET INSTRUMENTS Total 94.05% CBLO / REPO 6.13% NET RECEIVALBES/(PAYABLES) -0.17% 5.95% Dividend - Monthly Direct Growth Direct Dividend - Daily MATURITY PROFILE FOR THE RATING PROFILE FOR THE Direct Dividend - Weekly Direct Dividend - Monthly Cash & Other Receivables 5.95% 5.95% <61 days 26.87% CARE A1+, CRISIL A1+, ICRA A1+ EXPENSE RATIO : 0.61% >61 & <92 Days 10.75% 94.05% Cash & Other Receivables >92 Days 56.43% METRICS 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% Average Maturity Duration 124 days 0.31 yrs 5.95% 12.02% 82.03% Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,794 10,812 10,813 Last 2 Years 10,877 10,868 11,653 Last 3 Years 10,696 10,719 12,168 15,725 15,133 14,237 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Jun 29, 2012 To Jun 28, % 8.12% 8.17% Jun 30, 2011 To Jun 29, % 8.68% 7.76% Jun 30, 2010 To Jun 30, % 7.18% 4.43% 7.72% 7.05% 5.98% * For Dividend History refer to page no. 24 9

10 LIC NOMURA MF BOND FUND Scheme Type: Debt Launch Date: March 26, 1999 AUM as on 30/08/2013: INR Cr Exit Load: 1% if exit within 1 year from the date of allotment of units (w.e.f ) Benchmark: Crisil Composite Bond Fund Index Minimum Investment: Rs. 5000/- Name: Shri Y D Prasanna as on August 30, 2013 Growth Dividend Direct Growth Direct Dividend LIC Nomura MF Bond Fund an open-ended Debt Scheme, will endeavor to generate an attractive return for its investors by investing in a portfolio of quality debt securities and money market instruments. Company Industry/Rating % to Nav CORPORATE DEBT Non-Convertible Debentures RURAL ELECTRIFICATION CORPORATION LTD CRISIL AAA 12.78% NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CRISIL AAA 9.78% POWER FINANCE CORPORATION LTD CRISIL AAA 9.02% INDIAN RAILWAY FINANCE CORP LTD CRISIL AAA 6.18% INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LTD ICRA AAA 6.13% EXPORT IMPORT BANK OF INDIA CRISIL AAA 6.06% POWER GRID CORPORATION OF INDIA LTD CRISIL AAA 5.90% SUNDARAM FINANCE LTD ICRA AA+ 5.85% MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD CRISIL AA+ 5.84% INDIAN OIL CORPORATION LTD CRISIL AAA 3.85% SHRIRAM TRANSPORT FINANCE COMPANY LTD FITCH AA 0.01% Non-convertible Debentures Total 71.40% Zero Coupon Bond DEWAN HOUSING FINANCE CORPORATION LTD CARE AA+ 5.21% Zero Coupon Bond Total 5.21% CORPORATE DEBT Total 76.61% MONEY MARKET INSTRUMENTS Commercial Paper HOUSING DEVELOPMENT FINANCE CORPORATION LTD ICRA A % Commercial Paper Total 5.68% MONEY MARKET INSTRUMENTS Total 5.68% GOVERNMENT BOND Government Bond 9.15% GOI (MD 14/11/2024) SOV 6.26% 8.97% GOI (MD 05/12/2030) SOV 3.06% 8.33% GOI 2026 (M/D 09/07/2026) SOV 2.97% Government Bond Total 12.29% GOVERNMENT BOND Total 12.29% CBLO / REPO 1.62% NET RECEIVALBES/(PAYABLES) 3.80% 5.42% EXPENSE RATIO : 2.07% METRICS MATURITY PROFILE FOR THE RATING PROFILE FOR THE Average Maturity 1,733 days 5.42% Duration 2.63 years Cash & Other Receivables > % 75.28% CARE AA+, CRISIL AA+, CRISIL AAA, ICRA AA+, ICRA AAA, FITCH AA, SOV < % 94.58% Cash & Other Receivables 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 5.68% 5.21% 12.29% 5.42% 71.40% Non-convertible Debentures Zero Coupon Bond Commercial Paper Government Bond DISCRETE 12 MONTHS RETURNS Period Fund C CompBex 10 year GOI Period Fund C CompBex 10 Year GOI Jun 29, 2012 To Jun 28, % 10.72% 12.10% Last 1 Year 10,953 11,072 11,210 Jun 30, 2011 To Jun 29, % 8.69% 7.10% Last 2 Years 11,040 10,869 12,006 Jun 30, 2010 To Jun 30, % 4.58% 1.79% Last 3 Years 10,483 10,457 12,220 33,627 NA NA 8.95% NA NA * For Dividend History refer to page no MUTUAL INTEREST September, 2013

11 LIC NOMURA MF G-SEC FUND Scheme Type: Debt - Gilt Launch Date: November 15, 1999 AUM as on 30/08/2013: INR Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Benchmark: I-Sec Composite Gilt Index Minimum Investment: Rs /- Name: Shri Y D Prasanna as on August 30, 2013 The primary objective of the scheme is to generate credit risk free and reasonable returns for its investors through investments in sovereign securities issued by the central and /or state Government and /or any security unconditionally guaranteed by the central/ state government for repayment of Principal and interest and/or reverse repos in such securities as and when permitted by RBI. Company Industry/Rating % to Nav CORPORATE DEBT Non-convertible Debentures INDIAN OIL CORPORATION LTD CRISIL AAA 2.22% Non-convertible Debentures Total 2.22% CORPORATE DEBT Total 2.22% GOVERNMENT BOND Government Bond 9.15% GOI (MD 14/11/2024) SOV 11.16% 8.97% GOI (MD 05/12/2030) SOV 10.90% 8.33% GOI 2026 (M/D 09/07/2026) SOV 10.57% 8.20% GOI (MD 24/09/2025) SOV 10.48% 8.08% GOI (MD 02/08/2022) SOV 10.40% Government Bond Total 53.51% GOVERNMENT BOND Total 53.51% CBLO / REPO 43.80% NET RECEIVALBES/(PAYABLES) 0.47% 44.27% PF Growth Regular Growth Direct Regular Growth PF Dividend MATURITY PROFILE FOR THE RATING PROFILE FOR THE Regular Dividend Direct Regular Dividend Cash & Other Receivables 44.27% 44.27% 55.73% CRISIL AAA, SOV Cash & Other Receivables EXPENSE RATIO : 2.29% > % 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% METRICS Average Maturity Duration 2,465 days 3.54 years 2.22% 44.27% 53.51% Non-convertible Debentures DISCRETE 12 MONTHS RETURNS I Sec Period Fund Composite Gilt 10 year GOI Period Fund I Sec Composite Gilt 1O Year GOI Jun 29, 2012 To Jun 28, % 11.65% 12.10% Last 1 Year 10,904 11,164 11,210 Jun 30, 2011 To Jun 29, % 9.79% 7.10% Last 2 Years 10,796 10,980 12,006 Jun 30, 2010 To Jun 30, % 4.87% 1.79% Last 3 Years 10,534 10,489 12,220 27,203 NA NA 7.64% NA NA 11

12 LIC NOMURA MF UNIT LINKED INSURANCE SCHEME Scheme Type: Insurance Linked Tax Saving Launch Date: June 19,1989 AUM as on 30/08/2013: INR Cr Exit Load: Nil Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.10000/- under Single Premium Option Rs.1000/- under Regular Premium - Yearly Option Rs.100/- under Regular Premium - Monthly Option Name: Mr. Surendra Jalani as on August 30, 2013 Dividend Direct Dividend EXPENSE RATIO : 2.35% ANNUAL TURNOVER RATIO : 1.08 times METRICS Quantitative Indicators - Debt Component Average Maturity 38 days Duration 0.09 years RISK MEASURES Standard Deviation 1.10% Sharpe Ratio 0.03 Portfolio Beta 0.80 R squared 0.11 ANALYSIS : SECTOR WISE An open ended scheme which seeks to generate long term capital appreciation and offer Tax benefits u/s 80C of the Income Tax Act as well as additional benefits of a life cover and free accident insurance cover. Company % of Nav EQUITY HOLDINGS Auto 6.40% TATA MOTORS LTD 2.23% BAJAJ AUTO LTD 1.28% MAHINDRA & MAHINDRA LTD 1.28% HERO MOTOCORP LTD 0.88% MARUTI SUZUKI INDIA LTD 0.73% Banks 13.68% HDFC BANK LTD 4.50% ICICI BANK LTD 4.44% KOTAK MAHINDRA BANK LTD 1.81% AXIS BANK LTD 1.38% STATE BANK OF INDIA 1.19% INDUSIND BANK LTD 0.36% Cement 3.08% GRASIM INDUSTRIES LTD 1.35% ACC LTD 0.75% ULTRATECH CEMENT LTD 0.65% AMBUJA CEMENTS LTD 0.34% Chemicals 0.80% TATA CHEMICALS LTD 0.80% Construction Project 2.26% LARSEN & TOUBRO LTD 2.26% Consumer Non Durables 9.23% ITC LTD 7.62% ASIAN PAINTS LTD 1.53% TATA GLOBAL BEVERAGES LTD 0.08% Finance 4.62% HOUSING DEVELOPMENT FINANCE CORPORATION LTD 4.06% INFRASTRUCTURE DEVELOP FINANCE COMPANY LTD 0.56% Minerals/Mining 0.87% COAL INDIA LTD 0.87% Oil 1.62% OIL & NATURAL GAS CORPORATION LTD 0.86% CAIRN INDIA LTD 0.76% Petroleum Products 5.66% RELIANCE INDUSTRIES LTD 5.66% Pharmaceuticals 5.58% DR. REDDY'S LABORATORIES LTD 3.30% SUN PHARMACEUTICALS INDUSTRIES LTD 1.12% CIPLA LTD 0.77% LUPIN LTD 0.38% Power 0.20% POWER GRID CORPORATION OF INDIA LTD 0.20% Software 13.06% INFOSYS LTD 6.81% TATA CONSULTANCY SERVICES LTD 4.24% TECH MAHINDRA LTD 1.80% HCL TECHNOLOGIES LTD 0.20% Telecom - Services 2.14% BHARTI AIRTEL LTD 2.14% Equity Holdings Total 69.19% Company Rating % of Nav CORPORATE BOND SECURITY Corporate Bond DR. REDDY'S LABORATORIES LTD ICRA AA+ 0.01% Corporate Bond Total 0.01% CORPORATE BOND SECURITY Total 0.01% MUTUAL FUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR OPTION 0.00% Mutual Fund Units Total 0.00% MUTUAL FUND Total 0.00% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A % ANDHRA BANK CARE A % IDBI BANK LTD CRISIL A % UNITED BANK OF INDIA ICRA A % Certificate of Deposit Total 17.69% Commercial Paper INFRASTRUCTURE DEV FIN COMPANY LTD ICRA A % HOUSING DEVELOPMENT FINANCE CORP LTD ICRA A % Commercial Paper Total 14.07% MONEY MARKET INSTRUMENTS Total 31.76% CBLO / REPO 2.15% NET RECEIVALBES/(PAYABLES) -3.12% -0.97% 0.87% 0.80% 0.20% 3.08% 2.26% 2.14% 1.62% 13.68% 0.00% -0.97% 0.01% MATURITY PROFILE FOR THE Cash & Equivalents -0.97% 4.62% 31.76% Mutual Fund Units 0.00% 5.58% 13.06% 69.19% Equity < % 69.19% 5.66% % 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 6.40% Banks Consumer Non Durables Petroleum Products Finance Construction Project Oil Chemicals 9.23% Software Auto Pharmaceuticals Cement Telecom - Services Minerals/Mining Power DISCRETE 12 MONTHS RETRUNS Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNXNifty Jun 29, 2012 To Jun 28, % 10.90% 10.67% Last 1 Year 10,277 11,090 11,065 Jun 30, 2011 To Jun 29, % -0.99% -6.53% Last 2 Years 9,884 9,902 9,349 Jun 30, 2010 To Jun 30, % 6.04% 6.30% Last 3 Years 10,067 10,606 10,628 34,897 NA NA 5.34% NA NA 12 MUTUAL INTEREST September, 2013

13 LIC NOMURA MF BALANCED FUND Scheme Type: Balanced Launch Date: January 1, 1991 AUM as on 30/08/2013: INR Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.1000/- Name: Mr. Surendra Jalani as on August 30, 2013 EXPENSE RATIO : 2.50% ANNUAL TURNOVER RATIO : 1.34 times METRICS RISK MEASURES 0.90% 0.68% 0.29% Growth Dividend Direct Growth Direct Dividend Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 1.15% Sharpe Ratio 0.03 Portfolio Beta 0.76 R squared 0.10 ANALYSIS : SECTOR WISE 36 days 0.09 years An open ended Income and Growth scheme which seeks to provide regular returns and capital appreciation according to the selection of plan by investing in equities and debt instruments. Company % of Nav EQUITY HOLDINGS Auto 6.36% Tata Motors Ltd 2.28% Mahindra & Mahindra Ltd 1.61% Bajaj Auto Ltd 1.24% Maruti Suzuki India Ltd 0.75% Hero MotoCorp Ltd 0.48% Banks 13.21% HDFC Bank Ltd 6.46% ICICI Bank Ltd 4.48% Kotak Mahindra Bank Ltd 1.47% Axis Bank Ltd 0.71% Indusind Bank Ltd 0.05% State Bank of India 0.04% Cement 2.31% Ultratech Cement Ltd 0.91% ACC Ltd 0.74% Grasim Industries Ltd 0.66% Construction Project 1.90% Larsen & Toubro Ltd 1.90% Consumer Non Durables 10.22% ITC Ltd 9.17% Asian Paints Ltd 1.05% Finance 3.77% Housing Development Finance Corporation Ltd 3.59% Infrastructure Development Finance Company Ltd 0.19% Oil 1.59% Oil & Natural Gas Corporation Ltd 1.45% Cairn India Ltd 0.13% Petroleum Products 6.64% Reliance Industries Ltd 6.64% Pharmaceuticals 6.04% Sun Pharmaceuticals Industries Ltd 2.14% Dr. Reddy'S Laboratories Ltd 1.61% Cipla Ltd 1.35% Lupin Ltd 0.93% Power 0.29% Power Grid Corporation of India Ltd 0.29% Services 0.90% Aditya Birla Nuvo Ltd 0.90% Software 12.13% Infosys Ltd 6.74% Tata Consultancy Services Ltd 3.58% HCL Technologies Ltd 1.64% Tech Mahindra Ltd 0.16% Telecom - Services 0.68% Bharti Airtel Ltd 0.68% Equity Holdings Total 66.03% Company Rating % of Nav MUTUAL FUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR OPTION 0.00% Mutual Fund Units Total 0.00% MUTUAL FUND Total 0.00% MONEY MARKET INSTRUMENTS Certificate of Deposit UNITED BANK OF INDIA ICRA A % Certificate of Deposit Total 5.40% Commercial Paper HOUSING DEVE FINANCE CORP LTD ICRA A % INFRASTRUCTURE DEVE FINANCE COM LTD ICRA A % Commercial Paper Total 25.75% MONEY MARKET INSTRUMENTS Total 31.15% CBLO / REPO 0.69% NET RECEIVALBES/(PAYABLES) 2.13% 2.82% 2.31% 1.90% 1.59% 13.21% MATURITY PROFILE FOR THE 3.77% 0.00% 2.82% 6.04% Cash & Equivalents 2.82% 6.36% 12.13% 31.15% 66.03% Mutual Fund Units Equity < % 31.15% 66.03% 6.64% 10.22% Banks Software Consumer Non Durables Petroleum Products Auto Pharmaceuticals Finance Cement Construction Project Oil Services Telecom - Services Power 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% DISCRETE 12 MONTHS RETRUNS Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNX Nifty Jun 29, 2012 To Jun 28, % 10.90% 10.67% Last 1 Year 11,278 11,090 11,065 Jun 30, 2011 To Jun 29, % -0.99% -6.53% Last 2 Years 9,711 9,902 9,349 Jun 30, 2010 To Jun 30, % 6.04% 6.30% Last 3 Years 10,620 10,606 10,628 61,120 NA NA 8.38% NA NA 13

14 LIC NOMURA MF MONTHLY INCOME PLAN Scheme Type: Hybrid Launch Date: June 1, 2003 AUM as on 30/08/2013: INR Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on August 30, 2013 Growth Dividend - Monthly Dividend - Quarterly Dividend - Yearly Direct Growth Direct Dividend - Monthly Direct Dividend - Quarterly Direct Dividend - Yearly EXPENSE RATIO : 2.17% ANNUAL TURNOVER RATIO : 1.08 times METRICS Quantitative Indicators - Debt Component Average Maturity 64 days Duration 0.16 years RISK MEASURES Standard Deviation 1.94% Sharpe Ratio 0.02 Portfolio Beta 0.24 R squared 0.02 The investment objective of the Scheme is to generate regular income by investing mainly in a portfolio of quality debt securities and money market instruments. It also seeks to generate capital appreciation by investing some percentage in a mix of equity instruments. Company % Of Nav EQUITY HOLDINGS Auto 1.94% MAHINDRA & MAHINDRA LTD 1.44% BAJAJ AUTO LTD 0.25% TATA MOTORS LTD 0.21% MARUTI SUZUKI INDIA LTD 0.04% Banks 2.24% ICICI BANK LTD 0.96% HDFC BANK LTD 0.56% AXIS BANK LTD 0.48% KOTAK MAHINDRA BANK LTD 0.20% INDUSIND BANK LTD 0.02% STATE BANK OF INDIA 0.02% Cement 0.60% ULTRATECH CEMENT LTD 0.34% GRASIM INDUSTRIES LTD 0.16% AMBUJA CEMENTS LTD 0.09% ACC LTD 0.02% Construction Project 0.02% LARSEN & TOUBRO LTD 0.02% Consumer Non Durables 1.54% ITC LTD 1.35% ASIAN PAINTS LTD 0.19% Finance 0.87% HOUSING DEVELOPMENT FINANCE CORP LTD 0.79% INFRASTRUCTURE DEV FINANCE COMPANY LTD 0.07% Oil 0.05% CAIRN INDIA LTD 0.05% Petroleum Products 0.98% RELIANCE INDUSTRIES LTD 0.98% Pharmaceuticals 1.58% CIPLA LTD 0.72% LUPIN LTD 0.31% SUN PHARMACEUTICALS INDUSTRIES LTD 0.29% DR. REDDY'S LABORATORIES LTD 0.26% Software 4.96% INFOSYS LTD 2.71% TATA CONSULTANCY SERVICES LTD 2.24% Equity Holdings Total 14.79% Company Rating % of Nav MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A % BANK OF MAHARASHTRA CRISIL A % UNITED BANK OF INDIA ICRA A % ANDHRA BANK CARE A % Certificate of Deposit Total 55.49% Commercial Paper INFRASTRUCTURE DEV FIN COMPANY LTD ICRA A % HOUSING DEV FINANCE CORP LTD ICRA A % Commercial Paper Total 27.64% MONEY MARKET INSTRUMENTS Total 83.13% CBLO / REPO 2.87% NET RECEIVALBES/(PAYABLES) -0.78% 2.09% ANALYSIS : SECTOR WISE 0.05% 0.02% 0.60% 0.98% 0.87% 4.96% 2.09% MATURITY PROFILE FOR THE 1.54% 14.79% Cash & Equivalents 2.09% 1.58% 1.94% Software Auto Consumer Non Durables Finance 2.24% Banks Pharmaceuticals Petroleum Products Cement 83.13% Equity 14.79% <365 days 83.13% 0.00% 10.00%20.00%30.00%40.00%50.00%60.00%70.00%80.00%90.00% DISCRETE 12 MONTHS RETRUNS Period Fund C MIPex 10 Yrs GOI Period Fund C MIPex 10 Years GOI Jun 29, 2012 To Jun 28, % 10.83% 12.10% Last 1 Year 10,868 11,084 11,210 Jun 30, 2011 To Jun 29, % 6.54% 7.10% Last 2 Years 10,187 10,655 12,006 Jun 30, 2010 To Jun 30, % 5.03% 1.79% Last 3 Years 10,306 10,503 12,220 36,487 22,156 17,233 Oil Construction Project 8.04% 8.21% 5.55% * For Dividend History refer to page no MUTUAL INTEREST September, 2013

15 LIC NOMURA MF CHILDREN'S FUND Scheme Type: Balanced Launch Date: September 26, 2001 AUM as on 30/08/2013: INR 4.61 Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on August 30, 2013 EXPENSE RATIO : 2.35% ANNUAL TURNOVER RATIO : 1.18 times METRICS RISK MEASURES 0.97% 0.74% Growth Direct Growth Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 1.16% Sharpe Ratio Portfolio Beta 0.86 R squared 0.12 ANALYSIS : SECTOR WISE 66 days 0.16 years An open ended scheme which seeks to generate long term capital growth through a judicious mix of investment in quality debt securities and equities with relatively low risk levels through research based investments. Company % of Nav EQUITY HOLDINGS Auto 8.06% TATA MOTORS LTD 3.25% MAHINDRA & MAHINDRA LTD 2.13% MARUTI SUZUKI INDIA LTD 1.35% BAJAJ AUTO LTD 1.12% HERO MOTOCORP LTD 0.22% Banks 13.51% HDFC BANK LTD 6.46% ICICI BANK LTD 3.92% AXIS BANK LTD 1.81% STATE BANK OF INDIA 0.91% KOTAK MAHINDRA BANK LTD 0.21% INDUSIND BANK LTD 0.19% Cement 1.55% ACC LTD 0.56% AMBUJA CEMENTS LTD 0.37% ULTRATECH CEMENT LTD 0.32% GRASIM INDUSTRIES LTD 0.29% Construction Project 2.13% LARSEN & TOUBRO LTD 2.13% Consumer Non Durables 9.91% ITC LTD 8.91% ASIAN PAINTS LTD 1.00% Finance 4.75% HOUSING DEVELOPMENT FINANCE CORP LTD 4.75% Oil 1.39% CAIRN INDIA LTD 1.39% Petroleum Products 5.37% RELIANCE INDUSTRIES LTD 5.37% Pharmaceuticals 4.37% DR. REDDY'S LABORATORIES LTD 1.74% CIPLA LTD 1.18% LUPIN LTD 0.86% SUN PHARMACEUTICALS INDUSTRIES LTD 0.59% Power 0.74% NTPC LTD 0.57% POWER GRID CORPORATION OF INDIA LTD 0.17% Software 12.53% INFOSYS LTD 6.23% TATA CONSULTANCY SERVICES LTD 5.62% HCL TECHNOLOGIES LTD 0.68% Telecom - Services 0.97% BHARTI AIRTEL LTD 0.97% Equity Holdings Total 65.29% Company Rating % of Nav CORPORATE BOND SECURITY Corporate Bond SHRIRAM TRANS FINANCE COMPANY LTD FITCH AA 3.86% Corporate Bond Total 3.86% CORPORATE BOND SECURITY Total 3.86% MONEY MARKET INSTRUMENTS Certificate of Deposit UNITED BANK OF INDIA ICRA A % Certificate of Deposit Total 14.96% Commercial Paper EXPORT IMPORT BANK OF INDIA ICRA A % INFRASTRUCTURE DEV FINANCE COM LTD ICRA A % Commercial Paper Total 12.74% MONEY MARKET INSTRUMENTS Total 27.69% CBLO / REPO 2.98% NET RECEIVALBES/(PAYABLES) 0.17% 3.15% 1.55% 1.39% 4.37% 2.13% 13.51% MATURITY PROFILE FOR THE 4.75% 3.86% 3.15% Cash & Equivalents 3.15% 5.37% 12.53% 27.69% Equity 65.29% 8.06% 9.91% Banks Software Consumer Non Durables Auto Petroleum Products Finance Pharmaceuticals Construction Project Cement Oil Telecom - Services Power 65.29% < % 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% DISCRETE 12 MONTHS RETRUNS Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNX Nifty Jun 29, 2012 To Jun 28, % 10.90% 10.67% Last 1 Year 10,945 11,090 11,065 Jun 30, 2011 To Jun 29, % -0.99% -6.53% Last 2 Years 9,470 9,902 9,349 Jun 30, 2010 To Jun 30, % 6.04% 6.30% Last 3 Years 9,436 10,606 10,628 10,470 NA 57, % NA 16.28% * For Dividend History refer to page no

16 LIC NOMURA MF FLOATER MIP Scheme Type: Hybrid Launch Date: September 21, 2004 AUM as on 30/08/2013: INR Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on August 30, 2013 Growth Dividend - Monthly Dividend - Quarterly Dividend - Yearly Direct Growth Direct Dividend - Monthly Direct Dividend - Quarterly Direct Dividend - Yearly EXPENSE RATIO : 1.69% ANNUAL TURNOVER RATIO : 1.63 times METRICS Quantitative Indicators - Debt Component Average Maturity 35 days Duration 0.09 years RISK MEASURES Standard Deviation 0.33% Sharpe Ratio 0.06 Portfolio Beta 0.31 R squared 0.14 ANALYSIS : SECTOR WISE 0.05% The investment objective of the scheme is to generate regular income by investing mainly in floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimize the interest rate risk and at the same time aiming at generating capital appreciation in a long term investing in equity/equity related instruments. Company % of Nav EQUITY HOLDINGS Auto 1.47% MAHINDRA & MAHINDRA LTD 1.29% TATA MOTORS LTD 0.10% MARUTI SUZUKI INDIA LTD 0.04% BAJAJ AUTO LTD 0.04% Banks 3.28% HDFC BANK LTD 1.95% ICICI BANK LTD 0.56% KOTAK MAHINDRA BANK LTD 0.41% AXIS BANK LTD 0.34% INDUSIND BANK LTD 0.02% Cement 0.57% ULTRATECH CEMENT LTD 0.33% GRASIM INDUSTRIES LTD 0.14% AMBUJA CEMENTS LTD 0.08% ACC LTD 0.02% Construction Project 0.82% LARSEN & TOUBRO LTD 0.82% Consumer Non Durables 1.30% ITC LTD 1.13% ASIAN PAINTS LTD 0.17% Finance 1.05% HOUSING DEVELOPMENT FINANCE CORP LTD 1.05% Oil 0.05% CAIRN INDIA LTD 0.05% Petroleum Products 0.44% RELIANCE INDUSTRIES LTD 0.44% Pharmaceuticals 2.38% CIPLA LTD 1.03% BIOCON LTD 0.76% SUN PHARMACEUTICALS INDUSTRIES LTD 0.26% DR. REDDY'S LABORATORIES LTD 0.24% LUPIN LTD 0.10% Software 1.23% INFOSYS LTD 0.89% TATA CONSULTANCY SERVICES LTD 0.33% Equity Holdings Total 12.59% Company Rating % of Nav MUTUAL FUND Mutual Fund Units LIC NOMURA MUTUAL FUND 2.48% Mutual Fund Units Total 2.48% MUTUAL FUND Total 2.48% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A % BANK OF MAHARASHTRA CRISIL A % Certificate of Deposit Total 51.16% Commercial Paper HOUSING DEV FINANCE CORP LTD ICRA A % INFRASTRUCTURE DEV FINANCE COMP LTDICRA A % Commercial Paper Total 30.03% MONEY MARKET INSTRUMENTS Total 81.19% CBLO / REPO 2.82% NET RECEIVALBES/(PAYABLES) 0.92% 3.74% 1.05% 0.82% 0.57% 0.44% 3.28% 2.48% 3.74% MATURITY PROFILE FOR THE Cash & Equivalents 3.74% 12.59% Mutual Fund Units 2.48% 1.23% Equity 12.59% 1.30% 2.38% 81.19% < % 0.00% 10.00%20.00%30.00%40.00%50.00%60.00%70.00%80.00%90.00% 1.47% Banks Pharmaceuticals Auto Consumer Non Durables Software Finance Construction Project Cement DISCRETE 12 MONTHS RETRUNS Period Fund C MIPex 10 Yrs GOI Period Fund C MIPex 10 Years GOI Jun 29, 2012 To Jun 28, % 10.83% 12.10% Last 1 Year 10,746 11,084 11,210 Jun 30, 2011 To Jun 29, % 6.54% 7.10% Last 2 Years 10,381 10,655 12,006 Jun 30, 2010 To Jun 30, % 5.03% 1.79% Last 3 Years 10,607 10,503 12,220 20,723 19,726 16,433 Petroleum Products Oil 8.77% 8.15% 5.90% * For Dividend History refer to page no MUTUAL INTEREST September, 2013

17 LIC NOMURA MF EQUITY FUND Scheme Type: Equity - Diversified Launch Date: April 16, 1998 AUM as on 30/08/2013: INR Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima As on August 30, 2013 EXPENSE RATIO : 2.28% ANNUAL TURNOVER RATIO : 0.95 times RISK MEASURES Growth Dividend Direct Growth Direct Dividend Standard Deviation 1.61 Sharpe Ratio 0.03 Portfolio Beta 0.90 ANALYSIS : SECTOR WISE 1.04% 1.04% 1.03% 0.84% 0.37% 1.32% An open ended pure Growth scheme seeking to provide capital growth by investing mainly in mix of equity instruments. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. Company % of Nav EQUITY HOLDINGS Auto 8.52% TATA MOTORS LTD 3.22% MAHINDRA & MAHINDRA LTD 2.79% BAJAJ AUTO LTD 2.51% AUTO ANCILLARIES 1.94% BOSCH LTD 1.94% Banks 22.51% HDFC BANK LTD 7.27% ICICI BANK LTD 6.30% STATE BANK OF INDIA 4.05% KOTAK MAHINDRA BANK LTD 2.19% CANARA BANK 1.14% BANK OF INDIA 1.00% AXIS BANK LTD 0.55% Construction Project 5.64% LARSEN & TOUBRO LTD 5.64% Consumer Non Durables 11.18% ITC LTD 8.52% COLGATE PALMOLIVE (INDIA) LTD 1.97% VST INDUSTRIES LTD 0.42% NESTLE INDIA LTD 0.27% Ferrous Metals 1.49% TATA STEEL LTD 1.49% Finance 1.03% POWER FINANCE CORPORATION LTD 1.03% Gas 2.08% PETRONET LNG LTD 2.08% Industrial Capital Goods 1.04% CROMPTON GREAVES LTD 1.04% 0.64% Industrial Products 1.32% SKF INDIA LTD 1.32% Media & Entertainment 1.51% ZEE ENTERTAINMENT ENTERPRISES LTD 1.51% Minerals/Mining 0.84% COAL INDIA LTD 0.84% Non - Ferrous Metals 0.37% HINDUSTAN ZINC LTD 0.37% Oil 3.26% OIL & NATURAL GAS CORPORATION LTD 1.99% CAIRN INDIA LTD 1.27% Petroleum Products 8.94% RELIANCE INDUSTRIES LTD 7.91% BHARAT PETROLEUM CORPORATION LTD 1.03% Pharmaceuticals 7.96% CIPLA LTD 2.53% RANBAXY LABORATORIES LTD 2.18% LUPIN LTD 1.87% SUN PHARMACEUTICALS INDUSTRIES LTD 1.38% Power 1.04% TATA POWER COMPANY LTD 1.04% Software 15.09% INFOSYS LTD 9.30% WIPRO LTD 3.80% PERSISTENT SYSTEMS LTD 2.00% Telecom - Services 3.60% BHARTI AIRTEL LTD 2.68% IDEA CELLULAR LTD 0.91% Equity Holdings Total 99.36% CBLO / REPO 0.85% NET RECEIVALBES/(PAYABLES) -0.21% 0.64% 3.26% 1.94% 2.08% 1.51% 1.49% 22.51% 3.60% 5.64% 99.36% 7.96% 15.09% 8.52% 8.94% Banks Consumer Non Durables Auto Construction Project Oil Auto Ancillaries Ferrous Metals Power Finance Non - Ferrous Metals 11.18% Software Petroleum Products Pharmaceuticals Telecom - Services Gas Media & Entertainment Industrial Products Industrial Capital Goods Minerals/Mining DISCRETE 12 MONTHS RETRUNS Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jun 29, 2012 To Jun 28, % 11.28% 10.67% Last 1 Year 10,592 11,133 11,065 Jun 30, 2011 To Jun 29, % -7.51% -6.53% Last 2 Years 9,255 9,255 9,349 Jun 30, 2010 To Jun 30, % 6.47% 6.30% Last 3 Years 10,305 10,648 10,628 25,855 46,263 48, % 10.59% 10.98% 17

18 LIC NOMURA MF GROWTH FUND Scheme Type: Equity - Diversified Launch Date: September 1, 1999 AUM as on 30/08/2013: INR Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima As on August 30, 2013 EXPENSE RATIO : 2.51% ANNUAL TURNOVER RATIO: 0.78 times RISK MEASURES Growth Dividend Direct Growth Direct Dividend Standard Deviation 1.58 Sharpe Ratio 0.04 Portfolio Beta 0.86 An open ended pure Growth scheme seeking to provide capital growth by investing mainly in equity instruments and also in debt and other permitted instruments of capital and money markets. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. Company % of Nav EQUITY HOLDINGS Auto 5.58% TATA MOTORS LTD DVR SHARES 2.29% BAJAJ AUTO LTD 1.90% TATA MOTORS LTD 1.38% Auto Ancillaries 1.99% BOSCH LTD 1.99% Banks 20.75% HDFC BANK LTD 6.91% ICICI BANK LTD 6.57% KOTAK MAHINDRA BANK LTD 3.17% STATE BANK OF INDIA 2.25% AXIS BANK LTD 1.84% Chemicals 0.86% PIDILITE INDUSTRIES LTD 0.86% Construction Project 3.76% LARSEN & TOUBRO LTD 3.76% Consumer Non Durables 13.75% ITC LTD 8.87% NESTLE INDIA LTD 1.97% COLGATE PALMOLIVE (INDIA) LTD 1.95% ASIAN PAINTS LTD 0.95% Finance 2.27% HOUSING DEVELOPMENT FINANCE CORP LTD 2.27% Gas 2.02% PETRONET LNG LTD 2.02% Media & Entertainment 6.10% ZEE ENTERTAINMENT ENTERPRISES LTD 3.37% DISH TV INDIA LTD 1.41% D.B.CORP LTD 1.33% Oil 4.13% OIL & NATURAL GAS CORPORATION LTD 2.19% CAIRN INDIA LTD 1.94% Pharmaceuticals 8.07% LUPIN LTD 3.17% SUN PHARMACEUTICALS INDUSTRIES LTD 2.55% CIPLA LTD 2.35% Software 19.78% TATA CONSULTANCY SERVICES LTD 5.27% HCL TECHNOLOGIES LTD 4.95% INFOSYS LTD 4.75% PERSISTENT SYSTEMS LTD 2.16% WIPRO LTD 2.07% MINDTREE LTD 0.58% Telecom - Services 6.70% IDEA CELLULAR LTD 3.77% BHARTI AIRTEL LTD 2.93% Equity Holdings Total 95.75% CBLO / REPO 5.69% NET RECEIVALBES/(PAYABLES) -1.44% 4.25% ANALYSIS : SECTOR WISE 2.02% 1.99% 0.86% 4.25% 3.76% 2.27% 4.13% 20.75% 5.58% 6.10% 95.75% 6.70% 19.78% 8.07% 13.75% Banks Software Consumer Non Durables Pharmaceuticals Telecom - Services Media & Entertainment Auto Oil Construction Project Finance Gas Auto Ancillaries Chemicals DISCRETE 12 MONTHS RETRUNS Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jun 29, 2012 To Jun 28, % 11.28% 10.67% Last 1 Year 10,617 11,133 11,065 Jun 30, 2011 To Jun 29, % -7.51% -6.53% Last 2 Years 9,341 9,255 9,349 Jun 30, 2010 To Jun 30, % 6.47% 6.30% Last 3 Years 10,353 10,648 10,628 12,710 40,203 41, % 10.58% 10.82% 18 MUTUAL INTEREST September, 2013

19 LIC NOMURA MF TAX PLAN Scheme Type: Equity Linked Savings Scheme Launch Date: April 17, 2000 AUM as on 30/08/2013: INR Cr Exit Load: Nil Benchmark: BSE Sensex Minimum Investment: Rs. 500/- Offered under ELSS - 3 years lock-in period Name: Shri Nobutaka Kitajima as on August 30, 2013 Growth Dividend Direct Growth Direct Dividend EXPENSE RATIO : 2.53% ANNUAL TURNOVER RATIO: 0.40 times RISK MEASURES Standard Deviation 1.91% Sharpe Ratio 0.03 Portfolio Beta 0.86 To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. Company % of Nav EQUITY HOLDINGS Auto 5.00% MAHINDRA & MAHINDRA LTD 3.10% BAJAJ AUTO LTD 1.90% Banks 18.41% ICICI BANK LTD 6.42% HDFC BANK LTD 6.00% STATE BANK OF INDIA 3.90% KOTAK MAHINDRA BANK LTD 2.09% Chemicals 1.12% PIDILITE INDUSTRIES LTD 1.12% Construction Project 3.68% LARSEN & TOUBRO LTD 3.68% Consumer Non Durables 12.63% ITC LTD 8.74% NESTLE INDIA LTD 1.45% COLGATE PALMOLIVE (INDIA) LTD 1.29% VST INDUSTRIES LTD 1.15% Finance 3.76% HOUSING DEVELOPMENT FINANCE CORP LTD 3.76% Media & Entertainment 3.89% D.B.CORP LTD 2.05% ZEE ENTERTAINMENT ENTERPRISES LTD 1.85% Non - Ferrous Metals 2.32% HINDUSTAN ZINC LTD 2.32% Oil 5.19% OIL & NATURAL GAS CORPORATION LTD 2.81% Cairn India Ltd 2.38% Petroleum Products 9.12% RELIANCE INDUSTRIES LTD 9.12% Pharmaceuticals 6.51% CIPLA LTD 1.89% SUN PHARMACEUTICALS INDUSTRIES LTD 1.73% DIVI'S LABORATORIES LTD 1.10% DR. REDDY'S LABORATORIES LTD 1.02% LUPIN LTD 0.77% Software 20.53% INFOSYS LTD 9.07% TATA CONSULTANCY SERVICES LTD 7.59% PERSISTENT SYSTEMS LTD 1.72% WIPRO LTD 1.60% HCL TECHNOLOGIES LTD 0.54% Telecom - Services 5.57% IDEA CELLULAR LTD 4.07% BHARTI AIRTEL LTD 1.50% Transportation 0.29% GUJARAT PIPAVAV PORT LTD 0.29% Equity Holdings Total 98.03% CBLO / REPO 1.52% NET RECEIVALBES/(PAYABLES) 0.45% 1.97% ANALYSIS : SECTOR WISE 1.12% 0.29% 3.89% 3.76% 3.68% 2.32% 20.53% 1.97% 5.00% 5.19% 5.57% 6.51% 18.41% 98.03% 9.12%12.63% Software Banks Consumer Non Durables Petroleum Products Pharmaceuticals Telecom - Services Oil Auto Media & Entertainment Finance Construction Project Non - Ferrous Metals Chemicals Transportation DISCRETE 12 MONTHS RETRUNS Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jun 29, 2012 To Jun 28, % 11.28% 10.67% Last 1 Year 10,629 11,133 11,065 Jun 30, 2011 To Jun 29, % -7.51% -6.53% Last 2 Years 9,261 9,255 9,349 Jun 30, 2010 To Jun 30, % 6.47% 6.30% Last 3 Years 10,426 10,648 10,628 28,808 39,740 40, % 11.01% 11.17% 19

20 LIC NOMURA MF INDEX FUND - SENSEX PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 30/08/2013: INR Cr Exit Load: 1% if exit within 1 month from the date of allotment of units (w.e.f ) Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on August 30, 2013 EXPENSE RATIO : 1.70% ANNUAL TURNOVER RATIO : 0.05 times RISK MEASURES Growth Dividend Direct Growth Direct Dividend Tracking error 0.40% Standard Deviation 1.57% Sharpe Ratio 0.03 Portfolio Beta 0.94 The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors. Company % of Nav EQUITY HOLDINGS Auto 9.80% TATA MOTORS LTD 3.53% MAHINDRA & MAHINDRA LTD 2.26% BAJAJ AUTO LTD 1.68% HERO MOTOCORP LTD 1.28% MARUTI SUZUKI INDIA LTD 1.07% Banks 15.57% HDFC BANK LTD 7.14% ICICI BANK LTD 5.83% STATE BANK OF INDIA 2.59% Construction Project 3.79% LARSEN & TOUBRO LTD 3.79% Consumer Non Durables 15.03% ITC LTD 10.74% HINDUSTAN UNILEVER LTD 4.28% Ferrous Metals 1.76% TATA STEEL LTD 1.17% JINDAL STEEL & POWER LTD 0.59% Finance 7.02% HOUSING DEVELOPMENT FINANCE CORP LTD 7.02% Gas 0.92% GAIL (INDIA) LTD 0.92% Industrial Capital Goods 0.62% BHARAT HEAVY ELECTRICALS LTD 0.62% Minerals/Mining 1.46% COAL INDIA LTD 0.99% SESA GOA LTD 0.46% Non - Ferrous Metals 0.89% HINDALCO INDUSTRIES LTD 0.89% Oil 3.36% OIL & NATURAL GAS CORPORATION LTD 3.36% Petroleum Products 9.52% RELIANCE INDUSTRIES LTD 9.52% Pharmaceuticals 5.88% SUN PHARMACEUTICALS INDUSTRIES LTD 2.69% DR. REDDY'S LABORATORIES LTD 1.84% CIPLA LTD 1.35% Power 2.49% NTPC LTD 1.70% TATA POWER COMPANY LTD 0.79% Software 19.25% INFOSYS LTD 9.52% TATA CONSULTANCY SERVICES LTD 7.48% WIPRO LTD 2.26% Telecom - Services 2.26% BHARTI AIRTEL LTD 2.26% Equity Holdings Total 99.60% CBLO / REPO 0.88% NET RECEIVALBES/(PAYABLES) -0.49% 0.40% ANALYSIS : SECTOR WISE 1.46% 0.92% 0.89% 0.62% 0.40% 3.36% 2.49% 2.26% 1.76% 19.25% 3.79% 5.88% 7.02% 15.57% 99.60% 9.52% 9.80% Software Consumer Non Durables Petroleum Products Pharmaceuticals Oil Telecom - Services Minerals/Mining Non - Ferrous Metals 15.03% Banks Auto Finance Construction Project Power Ferrous Metals Gas Industrial Capital Goods DISCRETE 12 MONTHS RETRUNS Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jun 29, 2012 To Jun 28, % 11.28% 10.67% Last 1 Year 11,183 11,133 11,065 Jun 30, 2011 To Jun 29, % -7.51% -6.53% Last 2 Years 9,295 9,255 9,349 Jun 30, 2010 To Jun 30, % 6.47% 6.30% Last 3 Years 10,682 10,648 10,628 36,680 60,054 55, % 18.48% 17.67% 20 MUTUAL INTEREST September, 2013

21 LIC NOMURA MF INDEX FUND - NIFTY PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 30/08/2013: INR Cr Exit Load: 1% if exit within 1 month from the date of allotment of units (w.e.f ) Benchmark: S&P CNX Nifty Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on August 30, 2013 EXPENSE RATIO : 1.67% ANNUAL TURNOVER RATIO : 0.18 times RISK MEASURES ANALYSIS : SECTOR WISE 3.37% 3.61% 6.52% 0.76% 0.56% 0.77% 0.54% 3.27% 2.93% 2.03% 1.80% 1.53% Growth Dividend Direct Growth Direct Dividend Tracking error 0.69% Standard Deviation 1.54% Sharpe Ratio 0.03 Portfolio Beta % 16.08% The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors. Company % of Nav EQUITY HOLDINGS Auto 8.59% TATA MOTORS LTD 3.08% MAHINDRA & MAHINDRA LTD 2.05% BAJAJ AUTO LTD 1.40% HERO MOTOCORP LTD 1.11% MARUTI SUZUKI INDIA LTD 0.94% Banks 18.44% HDFC BANK LTD 6.28% ICICI BANK LTD 5.31% STATE BANK OF INDIA 2.23% AXIS BANK LTD 1.47% KOTAK MAHINDRA BANK LTD 1.42% INDUSIND BANK LTD 0.86% BANK OF BARODA 0.50% PUNJAB NATIONAL BANK 0.37% Cement 2.93% ULTRATECH CEMENT LTD 0.85% GRASIM INDUSTRIES LTD 0.82% AMBUJA CEMENTS LTD 0.75% ACC LTD 0.52% Construction 0.56% DLF LTD 0.33% JAIPRAKASH ASSOCIATES LTD 0.23% Construction Project 3.37% LARSEN & TOUBRO LTD 3.37% Consumer Non Durables 13.34% ITC LTD 9.71% HINDUSTAN UNILEVER LTD 2.54% ASIAN PAINTS LTD 1.09% FERROUS METALS 1.53% TATA STEEL LTD 1.04% JINDAL STEEL & POWER LTD 0.49% 0.47% Finance 6.97% HOUSING DEVELOPMENT FINANCE CORP LTD 6.40% INFRASTRUCTURE DEVE FINANCE COMPANY LTD 0.57% Gas 0.76% GAIL (INDIA) LTD 0.76% Industrial Capital Goods 0.54% BHARAT HEAVY ELECTRICALS LTD 0.54% Minerals/Mining 1.80% COAL INDIA LTD 0.90% NMDC LTD 0.54% SESA GOA LTD 0.35% Non - Ferrous Metals 0.77% HINDALCO INDUSTRIES LTD 0.77% Oil 3.61% OIL & NATURAL GAS CORPORATION LTD 2.52% CAIRN INDIA LTD 1.09% Petroleum Products 8.44% RELIANCE INDUSTRIES LTD 8.03% BHARAT PETROLEUM CORPORATION LTD 0.40% Pharmaceuticals 6.52% SUN PHARMACEUTICALS INDUSTRIES LTD 2.23% DR. REDDY'S LABORATORIES LTD 1.65% CIPLA LTD 1.20% LUPIN LTD 1.08% RANBAXY LABORATORIES LTD 0.35% Power 3.27% NTPC LTD 1.54% POWER GRID CORPORATION OF INDIA LTD 0.79% TATA POWER COMPANY LTD 0.69% RELIANCE INFRASTRUCTURE LTD 0.25% Software 16.08% INFOSYS LTD 8.58% TATA CONSULTANCY SERVICES LTD 5.93% HCL TECHNOLOGIES LTD 1.57% Telecom - Services 2.03% BHARTI AIRTEL LTD 2.03% Equity Holdings Total 99.53% CBLO / REPO 1.34% NET RECEIVALBES/(PAYABLES) -0.87% 0.47% 6.97% 8.44% 13.34% 99.53% 8.59% Banks Consumer Non Durables Petroleum Products Pharmaceuticals Construction Project Cement Minerals/Mining Non - Ferrous Metals Construction Software Auto Finance Oil Power Telecom - Services Ferrous Metals Gas Industrial Capital Goods Period Fund Nifty Sensex Last 1 Year 11,066 11,065 11,133 Last 2 Years 9,425 9,349 9,255 Last 3 Years 10,661 10,628 10,648 32,610 55,855 60, % 17.67% 18.48% DISCRETE 12 MONTHS RETRUNS Period Fund Nifty Sensex Jun 29, 2012 To Jun 28, % 10.67% 11.28% Jun 30, 2011 To Jun 29, % -6.53% -7.51% Jun 30, 2010 To Jun 30, % 6.30% 6.47% 21

22 LIC NOMURA MF INDEX FUND - SENSEX ADVANTAGE PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 30/08/2013: INR 3.20 Cr Exit Load: 1% if exit within 1 month from the date of allotment of units (w.e.f ) Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on August 30, 2013 EXPENSE RATIO : 1.70% ANNUAL TURNOVER RATIO : 0.10 times RISK MEASURES Growth Dividend Direct Growth Direct Dividend Tracking error 0.51% Standard Deviation 1.44% Sharpe Ratio 0.03 Portfolio Beta 0.85 ANALYSIS : SECTOR WISE 1.58% 0.80% 0.50% The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors. Company % of Nav EQUITY HOLDINGS Auto 8.48% TATA MOTORS LTD 2.93% MAHINDRA & MAHINDRA LTD 1.87% BAJAJ AUTO LTD 1.51% HERO MOTOCORP LTD 1.15% MARUTI SUZUKI INDIA LTD 1.01% Banks 15.83% HDFC BANK LTD 5.99% ICICI BANK LTD 4.81% KOTAK MAHINDRA BANK LTD 2.97% STATE BANK OF INDIA 2.07% Construction Project 3.66% LARSEN & TOUBRO LTD 3.11% SADBHAV ENGINEERING LTD 0.55% Consumer Non Durables 12.48% ITC LTD 8.93% HINDUSTAN UNILEVER LTD 3.55% Ferrous Metals 1.58% TATA STEEL LTD 1.06% JINDAL STEEL & POWER LTD 0.53% Finance 5.81% HOUSING DEVELOPMENT FINANCE CORP LTD 5.81% Gas 2.22% PETRONET LNG LTD 1.38% GAIL (INDIA) LTD 0.85% Industrial Capital Goods 0.50% BHARAT HEAVY ELECTRICALS LTD 0.50% Minerals/Mining 1.86% SESA GOA LTD 0.96% COAL INDIA LTD 0.90% Non - Ferrous Metals 0.80% HINDALCO INDUSTRIES LTD 0.80% Oil 3.78% OIL & NATURAL GAS CORPORATION LTD 2.68% CAIRN INDIA LTD 1.10% Petroleum Products 7.82% RELIANCE INDUSTRIES LTD 7.82% Pharmaceuticals 7.35% LUPIN LTD 2.63% SUN PHARMACEUTICALS INDUSTRIES LTD 2.25% DR. REDDY'S LABORATORIES LTD 1.24% CIPLA LTD 1.23% Power 1.92% NTPC LTD 1.21% TATA POWER COMPANY LTD 0.71% Software 20.40% INFOSYS LTD 7.84% TATA CONSULTANCY SERVICES LTD 6.36% HCL TECHNOLOGIES LTD 4.67% WIPRO LTD 1.53% Telecom - Services 3.53% BHARTI AIRTEL LTD 1.97% IDEA CELLULAR LTD 1.55% Equity Holdings Total 98.04% CBLO / REPO 2.46% NET RECEIVALBES/(PAYABLES) -0.50% 1.96% 3.66% 3.78% 3.53% 2.22% 1.92% 1.86% 20.40% 1.96% 5.81% 7.35% 7.82% 8.48% Software Consumer Non Durables Petroleum Products Finance Construction Project Gas Minerals/Mining Non - Ferrous Metals 15.83% 12.48% Banks Auto Pharmaceuticals Oil Telecom - Services Power Ferrous Metals Industrial Capital Goods 98.04% DISCRETE 12 MONTHS RETRUNS Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jun 29, 2012 To Jun 28, % 11.28% 10.67% Last 1 Year 11,144 11,133 11,065 Jun 30, 2011 To Jun 29, % -7.51% -6.53% Last 2 Years 9,301 9,255 9,349 Jun 30, 2010 To Jun 30, % 6.47% 6.30% Last 3 Years 10,532 10,648 10,628 34,300 60,054 55, % 18.48% 17.67% 22 MUTUAL INTEREST September, 2013

23 LIC NOMURA MF INFRASTRUCTURE FUND Scheme Type: Equity - Diversified Launch Date: January 31, 2008 AUM as on 30/08/2013: INR Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Benchmark: BSE 100 Minimum Investment: Rs. 2000/- Shri Nobutaka Kitajima Shri Sachin Relekar as on August 30, 2013 EXPENSE RATIO : 2.70% ANNUAL TURNOVER RATIO : 0.38 times RISK MEASURES Growth Dividend Direct Growth Direct Dividend Standard Deviation 1.66% Sharpe Ratio Portfolio Beta 0.83 The investment objective of the scheme is to provide long term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector. Company % of Nav EQUITY HOLDINGS Banks 19.66% HDFC BANK LTD 8.12% ICICI BANK LTD 7.02% STATE BANK OF INDIA 4.52% Cement 2.19% ULTRATECH CEMENT LTD 2.19% Construction Project 9.06% LARSEN & TOUBRO LTD 7.73% SADBHAV ENGINEERING LTD 1.34% Ferrous Metals 2.40% TATA STEEL LTD 2.40% Finance 9.64% HOUSING DEVELOPMENT FINANCE CORP LTD 5.93% INFRASTRUCTURE DEV FINANCE COMPANY LTD 2.27% POWER FINANCE CORPORATION LTD 1.45% Gas 2.95% PETRONET LNG LTD 2.95% Industrial Capital Goods 3.22% CROMPTON GREAVES LTD 2.72% THERMAX LTD 0.49% Industrial Products 3.93% SKF INDIA LTD 2.29% CUMMINS INDIA LTD 1.00% BHARAT FORGE LTD 0.63% Minerals/Mining 6.31% NMDC LTD 2.88% GUJARAT MINERAL DEVELOPMENT CORP LTD 1.89% COAL INDIA LTD 1.54% Oil 7.98% OIL & NATURAL GAS CORPORATION LTD 6.29% CAIRN INDIA LTD 1.69% Petroleum Products 9.58% RELIANCE INDUSTRIES LTD 8.77% BHARAT PETROLEUM CORPORATION LTD 0.81% Power 6.38% NTPC LTD 4.36% TATA POWER COMPANY LTD 2.02% Telecom - Services 9.15% IDEA CELLULAR LTD 5.40% BHARTI AIRTEL LTD 3.75% Transportation 6.45% CONTAINER CORPORATION OF INDIA LTD 2.65% GUJARAT PIPAVAV PORT LTD 2.55% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 1.25% Equity Holdings Total 98.90% CBLO / REPO 1.41% NET RECEIVALBES/(PAYABLES) -0.31% 1.10% ANALYSIS : SECTOR WISE 2.19% 2.40% 1.10% 3.93% 3.22% 2.95% 19.66% 6.31% 6.38% 9.64% 98.90% 6.45% 7.98% 9.06% Banks Petroleum Products Construction Project Transportation Minerals/Mining Industrial Capital Goods Ferrous Metals 9.58% 9.15% Finance Telecom - Services Oil Power Industrial Products Gas Cement DISCRETE 12 MONTHS RETRUNS Period Fund BSE 100 Nifty Period Fund BSE 100 Nifty Jun 29, 2012 To Jun 28, % 9.91% 10.67% Last 1 Year 10,214 10,990 11,065 Jun 30, 2011 To Jun 29, % -7.16% -6.53% Last 2 Years 8,377 9,286 9,349 Jun 30, 2010 To Jun 30, % 3.83% 6.30% Last 3 Years 9,482 10,383 10,628 7,651 11,905 12, % 3.37% 3.69% 23

24 DIVIDEND HISTORY DIVIDEND HISTORY OF LIC NOMURA MF LIQUID FUND Frequency Record Date Face Value (Rs.) (Rs.) Gross Dividend (Rs.)/unit Daily July, August, Daily Direct July, August, DIVIDEND HISTORY OF LIC NOMURA MF SAVINGS PLUS FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily July, August, Daily Direct July, August, Weekly July, August, Weekly Direct July, August, Monthly July, August, Monthly Direct July, August, DIVIDEND HISTORY OF LIC NOMURA MF FLOATER MIP Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly May 22, June 25, July 24, Quarterly March 28, June 26, Qtrly Direct June 25, Yearly March 27, March 28, Yearly Direct March 28, DIVIDEND HISTORY OF LIC NOMURA MF BOND FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly March 28, June 25, Qtrly Direct June 25, DIVIDEND HISTORY OF LIC NOMURA MF G-SEC FUND PF PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly March 28, June 26, DIVIDEND HISTORY OF LIC NOMURA MF MONTHLY INCOME PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly July 24, Monthly Dir. July 24, Quarterly June 26, Quarterly Dir. June 25, Yearly June 14, March 28, Yearly Direct March 28, DIVIDEND HISTORY OF LIC NOMURA MF INCOME PLUS FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily July, August, Daily Direct July, August, Weekly July, August, Weekly Direct July, August, Monthly June, August, Monthly Direct July, August, DIVIDEND HISTORY OF LIC NOMURA MF FLOATING RATE FUND - STP Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily July, August, Daily Direct July, August, Weekly July, August, Weekly Direct July, August, DIVIDEND HISTORY OF LIC NOMURA MF G-SEC FUND REG. PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly March 28, June 26, Qtrly Dir June 25, DIVIDEND HISTORY OF LIC NOMURA MF BALANCED FUND - DIVIDEND PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly March 28, Monthly Dir March 28, Fund Manager s Performance Fund Manager - Mr. Nobutaka Kitajima Fund Manager - Mr. Surendra Jalani Fund Manager - Mr. Killol Pandya Fund Manager - Mr. Y. D. Prasanna Top 3 Top 3 Top 3 Scheme Performance Scheme Name 1-year Return Scheme Name 1-year Return Scheme Name 1-year Return Scheme Name 1-year Return LIC Nomura MF Index Fund-Sensex Adv Plan(G) 7.08 LIC Nomura MF MIP(G) 7.82 LIC Nomura MF Qtly-Inv-2-(G) 8.75 LIC Nomura MF Annual-Inv-1-Reg(G) 6.06 LIC Nomura MF Index Fund-Sensex plan(g) 6.60 LIC Nomura MF Balanced Fund(G) 6.77 LIC Nomura MF Mthly-Inv-1-(G) 8.73 LIC Nomura MF G-Sec-Reg(G) 2.22 LIC Nomura MF Index Fund-Nifty Plan(G) 2.94 LIC Nomura MF Floater MIP(G) 5.38 LIC Nomura MF Liquid(G) 8.57 LIC Nomura MF Bond(G) 3.42 Bottom 3 Bottom 2 Bottom 3 Scheme Name 1-year Return LIC Nomura MF ULIS 4.43 Scheme Name 1-year Return LIC Nomura MF Infra Fund(G) LIC Nomura MF Equity Fund(G) LIC Nomura MF Growth Fund(G) 1.29 LIC Nomura MF Children(G) 5.22 LIC Nomura MF FRF-STP(G) 7.44 LIC Nomura MF Income Plus(G) 7.28 LIC Nomura MF Savings Plus(G) MUTUAL INTEREST September, 2013

25 Mutual Fund investments are subject to market risks, read all scheme related documents carefully. GLOSSARY OF TERMS : Sharpe Ratio: Sharpe Ratio is a measure of the excess return (or Risk Premium) per unit of risk in an investment asset. It is the average return minus the risk-free return divided by the standard deviation of return on an investment. Tracking error: Tracking error is a measure of how closely a portfolio follows the index to which it is benchmarked. The most common measure is the root-mean-square of the difference between the portfolio and index returns. Volatility: Volatility is a measure for variation of price of a financial instrument over time. It is a representation of the risk associated with price-fluctuations of a given asset or the risk of a portfolio of assets. Portfolio Beta: Beta of a portfolio is a number describing the relation of its returns with those of the financial market as a whole. It is a measure of systematic risk. R-Squared: It describes the fraction of investment risk in a portfolio that can be associated with market or systematic risk Average maturity: The average maturity of a portfolio equals weighted average of maturities for all instruments in the portfolio. Duration: Duration measures price sensitivity of the portfolio to changes in the yield.