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

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1 MUTUAL INTEREST March, 2013 Investment Managers: LIC Nomura Mutual Fund Asset Management Ltd. Performance When knowledge and practice come together Presenting 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. 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 March, 2013

3 MARKET REVIEW Shri V. Chandrasekaran CIO - Debt Shri Nobutaka Kitajima CIO - Equity DEBT MARKET REVIEW Further to our outlook last month, the short term yields indeed firmed up and long term yields softened a bit in the month of February The strategy of keeping a lower duration did benefit our long term schemes. Our short term schemes which attracted inflows in the beginning of February did better than earlier month as funds were locked in relatively higher yielding instruments. Following movements took place in the month of February 2013: lthe Call, Repo & CBLO rates were at 7.95%, 8.87% & 7.77% respectively. lthe 1 year and 5 year OIS ended at 7.62% (7.63%) & 7.24% (7.25%) respectively. lrbi infused Rs. 1,03,640 crores in the repo auction and absorbed Rs 2990 crores in the reverse repo auction on 1st March lpsu bank issued 3 months and 1 year CD in the range of 9.55% % and 9.34% % respectively. lthe 10 year bond (8.15% GS 2022) ended at 7.90% up by 2 bps. lcorporate bonds yields soften across maturities. lgovernment cash balances are speculated to have gone up to Rs 100,000 crores as of last week. The rising cash balance of the government is sucking out liquidity from the system at a time of advance tax outflows in mid March. Advance tax outflows coupled with high government cash balances and fiscal year end demand for funds could push up liquidity deficit closer to Rs 200,000 crores. However if governments starts spending, such an impact may not be there. lmoney market securities bore the brunt of expected liquidity tightness. One year CD (Certificate of Deposit) yields rose by 25bps week on week to close at 9.40% levels as markets demanded higher liquidity premium to lend to banks. One year CD yields have gone up by around 90bps over the last two months on the back of liquidity issues. CD yields will be pressured until mid March after which yields will start dropping as markets position for lower rates in April lcorporate bond yields rose week on week on the back of liquidity worries. Five and ten year benchmark AAA corporate bond yields rose around 10bps each and yields closed at 8.82% and 8.80% respectively. Five and ten year credit spreads rose by 13bps and 6bps respectively to close at 86bps levels. Credit spreads will stay pressured until mid March on expectations of tight liquidity conditions. lwith the announcement of Union Budget in the midst of raging fiscal deficit, lower confidence and nearing elections, Rs crores are to be infused in 13 PSU banks by March 2013 and further Rs crores infusion are provided. This will help increase investor confidence. lthe government has planned to borrow Rs 5,79,000 Crores from the market in F.Y which is in tune with market expectations. lto increase participation and channelize savings into the stock markets, reforms are taken by deepening the Indian capital market, encouraging participation for FII's and channelizing savings through liberalizing RGESS, inflationary index bonds, simplifying investor KYC process. lfurther with this budget, stock market will be allowed to have dedicated debt segment on which the banks/primary dealers would be proprietary members and Insurance companies, PF's, Pension Fund would be allowed to trade directly. MF distributors would be allowed to become members and trade in the MF segment of the stock exchange. This will encourage greater participation, liquidity & depth and will be beneficial for participants in terms of increase in reach and competitive cost. Outlok: With the quarter end redemption pressure in Mutual Funds and advance tax outflows, the short term liquidity situation remains tight. Increased government spending could provide some respite. We expect further rally in long term yields with growing rate cut expectations in the RBI policy on 19th March. EQUITY MARKET REVIEW The equity market saw sharp correction in the month of February with Sensex and Nifty losing 5.2% and 5.7% each respectively. The Union Budget failed to cheer the market in the absence of any big-bang reforms. Global cues were also back in focus this month with Italy facing the prospect of a hung parliament and talks of quantitative easing coming to an end in the US. Dec IIP disappointed the market coming in at -0.6% vs. consensus of 1.1%. Among the sectors IT continued to outperform in February with large cap names Infosys, HCLT and TCS all putting up a strong show. Bankex was down 10% with SBI's quarterly earnings falling short of expectations on the asset quality. BSE Capital goods, metal and oil & gas index were each down 14%, 15% and 8% respectively. The smallcap and midcap stocks saw sharp correction in the month of February with BSE Smallcap index correcting by 13% and the midcap index correcting by 10%. Capital flows The FIIs were net buyers during February to the tune of Rs 24439crore. FII have invested to the tune of Rs crore in equity market while selling stocks worth Rs crore making net investment of Rs crore in FY13. (Source: SEBI) Outlook Index Price as on 31/01 /2013 1Month Absolute Return S&P CNX Nifty The key event in the month of March is the policy meet on the 19th, in which we could see further easing of the rates by the RBI. Post budget focus is likely to be on revival of investments in the economy. Co-ordinated efforts from various ministries to drive the investment cycle will be awaited by the markets. The fourth quarter advance tax payments are due on the 15th of March. Growth in advance tax payments may indicate that corporate are doing better than what they did last year. On the global front March 2013 will see a new government in Italy. The month will also see kicking in of USD 85 billion spending cuts in the US (also known as the "Sequester"). Lower government spending in the US is likely to place jobs at risk leading to a weak job market and worries on US consumer confidence. US policy makers will also have to pass a bill to allow the government to spend as the temporary increase in borrowing limits passed in January 2013 ends in March. Markets will watch for any action by US policy makers on the same. Japan will get a new central bank chief in March. Absolute 3Months Absolute Return 6Months Absolute Return BSE SENSEX BSE SMALLCAP BSE MIDCAP BSE BSE BSE Index Price as on 31/01/ Month Absolute Return 3 Months Absolute Returns 6 Months Absolute Returns BSE AUTO BSE BANKEX BSE Capital Goods BSE Consumer Durables BSE FMCG BSE Health Care BSE IT BSE METAL BSE OIL & GAS BSE Power

4 LIC NOMURA MF LIQUID FUND Scheme Type: Debt - Liquid Launch Date: March 11, 2002 AUM as on 28/02/2013: INR Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs /- Name: Shri Y D Prasanna as on February 28, 2013 Growth Dividend Direct Growth Direct Dividend EXPENSE RATIO : 0.24% METRICS 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. Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit CANARA BANK CRISIL A % PUNJAB NATIONAL BANK CRISIL A % ORIENTAL BANK OF COMMERCE CRISIL A % INDIAN BANK FITCH A % IDBI BANK LTD CRISIL A % AXIS BANK LTD CRISIL A % STATE BANK OF HYDERABAD ICRA A % BANK OF INDIA CRISIL A % STATE BANK OF MYSORE ICRA A % ALLAHABAD BANK ICRA A % CORPORATION BANK CRISIL A % VIJAYA BANK CARE A % BANK OF MAHARASHTRA CRISIL A % CENTRAL BANK OF INDIA CRISIL A % ING VYSYA BANK LTD CRISIL A % ANDHRA BANK CARE A % BANK OF BARODA CRISIL A % ANDHRA BANK ICRA A % ANDHRA BANK CRISIL A % Certificate of Deposit Total 49.02% Commercial Paper L AND T FINCORP LIMITED CARE A % INDIAN OIL CORPORATION LTD ICRA A % ADITYA BIRLA FINANCE LTD ICRA A % DEWAN HOUSING FINANCE CORPORATION LTD CRISIL A % BAJAJ FINANCE LTD CRISIL A % RELIANCE CAPITAL LTD CRISIL A % POWER FINANCE CORPORATION LTD CRISIL A % EXPORT IMPORT BANK OF INDIA CRISIL A % ASHOK LEYLAND LTD ICRA A % HINDUSTAN PETROLEUM CORPORATION LTD CRISIL A % INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LTD ICRA A % MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD CRISIL A % PIRAMAL ENTERPRISES LTD ICRA A % HOUSING DEVELOPMENT FINANCE CORPORATION LTD ICRA A % L&T FINANCE LTD CARE A % TATA CAPITAL LTD CRISIL A % GODREJ INDUSTRIES LTD ICRA A % CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD ICRA A % NIRMA LTD CRISIL A % Commercial Paper Total 37.21% MONEY MARKET INSTRUMENTS Total 86.22% CBLO / REPO 13.80% NET RECEIVALBES/(PAYABLES) -0.02% 13.78% Average Maturity 26 days MATURITY PROFILE FOR THE RATING PROFILE FOR THE Duration 0.06 yrs As on 31December 2012 Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,930 10,852 10, 811 Last 2 Years 11,848 11,739 11,505 Last 3 Years 12,485 12,340 11,829 20,849 19,077 17, % DISCRETE 12 MONTHS RETURNS ANNUALISED PERFORMANCE As on 31December 2012 Period Fund C Fund~LX 1 year T-bill Jan 01, 2012 To Dec 31, Jan 01, 2011 To Dec 31, Jan 01, 2010 To Dec 31, As on 28 February 2013 Period Fund C Fund~LX 1 yr T-bill Last 7 Days Last 15 Days Last 30 Days * For Dividend History refer to page no MUTUAL INTEREST March, 2013

5 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 28/02/2013: INR Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Name: Shri Y D Prasanna as on February 28, 2013 Growth Dividend - Daily Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit BANK OF INDIA CRISIL A % ORIENTAL BANK OF COMMERCE CRISIL A % IDBI BANK LTD CRISIL A % THE JAMMU & KASHMIR BANK LTD CRISIL A % CENTRAL BANK OF INDIA CARE A % ING VYSYA BANK LTD CRISIL A % Certificate of Deposit Total 46.05% Commercial Paper L&T FINANCE LTD CARE A % TATA CAPITAL LTD CRISIL A % GODREJ INDUSTRIES LTD ICRA A % INDIAN OIL CORPORATION LTD CRISIL A % Commercial Paper Total 34.32% MONEY MARKET INSTRUMENTS Total 80.37% CBLO / REPO 19.82% NET RECEIVALBES/(PAYABLES) -0.19% 19.63% Dividend - Weekly Dividend - Monthly Direct Growth Direct Dividend - Daily Direct Dividend - Weekly Direct Dividend - Monthly MATURITY PROFILE FOR THE RATING PROFILE FOR THE EXPENSE RATIO : 0.75% METRICS Average Maturity Duration 27 days 0.07 yrs Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,866 10,852 10, 811 Last 2 Years 11,716 11,739 11,505 Last 3 Years 12,367 12,340 11,829 17,882 17,967 16,370 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Jan 01, 2012 To Dec 31, Jan 01, 2011 To Dec 31, Jan 01, 2010 To Dec 31, % * For Dividend History refer to page no. 26 5

6 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 28/02/2013: INR Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Industry/Rating % to Nav MUTUAL FUND Mutual Fund Units LICMF LIQUID FUND-GROWTH 25.18% Mutual Fund Units Total 25.18% Cash and Other Receivables CBLO / REPO 75.42% NET RECEIVALBES/(PAYABLES) -0.60% 74.82% Name: Shri Y D Prasanna as on February 28, 2013 Growth Dividend - Daily Dividend - Weekly Direct Growth Direct Dividend - Daily Direct Dividend - Weekly EXPENSE RATIO : 0.61% MATURITY PROFILE FOR THE RATING PROFILE FOR THE Mutual Fund Units Cash & Other Receivables METRICS Average Maturity Duration 1 days 0.00 yrs Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,836 10,852 10, 811 Last 2 Years 11,669 11,739 11,505 Last 3 Years 12,292 12,340 11,829 18,360 17,241 15,758 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Jan 01, 2012 To Dec 31, Jan 01, 2011 To Dec 31, Jan 01, 2010 To Dec 31, % * For Dividend History refer to page no MUTUAL INTEREST March, 2013

7 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 28/02/2013: INR Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs /- Name: Shri Y D Prasanna as on February 28, 2013 Growth Dividend - Daily Dividend - Weekly Dividend - Monthly Industry/Rating % to Nav CORPORATE DEBT Non-convertible Debentures POWER GRID CORPORATION OF INDIA LTD CRISIL AAA 1.65% Non-convertible Debentures Total 1.65% CORPORATE DEBT Total 1.65% MONEY MARKET INSTRUMENTS Certificate of Deposit SYNDICATE BANK CARE A % BANK OF BARODA CRISIL A % CENTRAL BANK OF INDIA ICRA A % IDBI BANK LTD CRISIL A % KOTAK MAHINDRA BANK LTD CRISIL A % CANARA BANK CRISIL A % THE JAMMU & KASHMIR BANK LTD CRISIL A % THE FEDERAL BANK LTD CRISIL A % VIJAYA BANK CARE A % Certificate of Deposit Total 91.19% MONEY MARKET INSTRUMENTS Total 91.19% CBLO / REPO 7.51% NET RECEIVALBES/(PAYABLES) -0.35% 7.15% Direct Growth Direct Dividend - Daily Direct Dividend - Weekly Direct Dividend - Monthly MATURITY PROFILE FOR THE RATING PROFILE FOR THE EXPENSE RATIO : 0.59% CARE A1+, CRISIL A1+, CRISIL AAA, ICRA A1+ Cash & Other Receivables METRICS Average Maturity Duration 33 days 0.08 yrs Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,873 10, Last 2 Years 11,770 11, Last 3 Years 12,414 12, ,162 19, DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Jan 01, 2012 To Dec 31, Jan 01, 2011 To Dec 31, Jan 01, 2010 To Dec 31, % * For Dividend History refer to page no. 26 7

8 LIC NOMURA MF BOND FUND Scheme Type: Debt Launch Date: March 26, 1999 AUM as on 28/02/2013: INR Cr Exit Load: 0.5% if exit within 6 months from the date of Benchmark: Crisil Composite Bond Fund Index Minimum Investment: Rs. 5000/- Name: Shri Y D Prasanna as on February 28, 2013 EXPENSE RATIO : 1.59% 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. Industry/Rating % to Nav CORPORATE DEBT Non-convertible Debentures NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CRISIL AAA 9.02% RURAL ELECTRIFICATION CORPORATION LTD CRISIL AAA 6.24% INDIAN RAILWAY FINANCE CORP LTD CRISIL AAA 5.76% EXPORT IMPORT BANK OF INDIA CRISIL AAA 5.69% INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LTD ICRA AAA 5.58% POWER GRID CORPORATION OF INDIA LTD CRISIL AAA 5.52% INDIAN OIL CORPORATION LTD CRISIL AAA 3.17% POWER FINANCE CORPORATION LTD CRISIL AAA 2.80% PUNJ LLOYD LTD CARE A 1.15% SHRIRAM TRANSPORT FINANCE COMPANY LTD FITCH AA 0.03% Non-convertible Debentures Total 44.96% Floating Rate Note MAGMA FINCORP LTD CARE AA+ 5.55% Floating Rate Note Total 5.55% Zero Coupon Bond DEWAN HOUSING FINANCE CORPORATION LTD CARE AA+ 4.51% Zero Coupon Bond Total 4.51% CORPORATE DEBT Total 55.03% MONEY MARKET INSTRUMENTS Certificate of Deposit CENTRAL BANK OF INDIA ICRA A % Certificate of Deposit Total 0.54% Commercial Paper GODREJ INDUSTRIES LTD ICRA A % Commercial Paper Total 5.46% MONEY MARKET INSTRUMENTS Total 6.00% GOVERNMENT BOND Government Bond 9.15% GOI (MD 14/11/2024) SOV 2.99% 8.15% GOI (MD 11/06/2022) SOV 19.78% Government Bond Total 22.77% GOVERNMENT BOND Total 22.77% CBLO / REPO 14.24% NET RECEIVALBES/(PAYABLES) 1.96% 16.20% METRICS MATURITY PROFILE FOR THE RATING PROFILE FOR THE Average Maturity Duration 1,503 days 2.26 years CARE AA+, CRISIL AA, ICRA AAA, ICRA A1+, CARE A, FITCH AAA, SOV Cash & Other Receivables Non-convertible Debentures Floating Rate Note Zero Coupon Bond Certificate of Deposit Commercial Paper Government Bond DISCRETE 12 MONTHS RETURNS Period Fund C CompBex 10 year GOI Period Fund C CompBex 10 Year GOI Jan 01, 2012 To Dec 31, Last 1 Year 10,892 10, Jan 01, 2011 To Dec 31, Last 2 Years 11,896 11, Jan 01, 2010 To Dec 31, Last 3 Years 12,586 12, ,777 19,226 NA N.A. * For Dividend History refer to page no MUTUAL INTEREST March, 2013

9 LIC NOMURA MF G-SEC FUND Scheme Type: Debt - Gilt Launch Date: November 15, 1999 AUM as on 28/02/2013: INR Cr Benchmark: I-Sec Composite Gilt Index Minimum Investment: Rs /- Name: Shri Y D Prasanna as on February 28, 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. Industry/Rating % to Nav CORPORATE DEBT NON-CONVERTIBLE DEBENTURES NATIONAL HOUSING BANK CRISIL AAA 27.06% INDIAN OIL CORPORATION LTD CRISIL AAA 7.94% NON-CONVERTIBLE DEBENTURES Total 35.00% CORPORATE DEBT Total 35.00% GOVERNMENT BOND Government Bond 8.97% GOI (MD 05/12/2030) SOV 21.02% 9.15% GOI (MD 14/11/2024) SOV 10.51% 8.15% GOI (MD 11/06/2022) SOV 9.91% 8.08% GOI (MD 02/08/2022) SOV 9.77% 7.8% GOI (MD 11/04/2021) SOV 9.64% Government Bond Total 60.85% GOVERNMENT BOND Total 60.85% CBLO / REPO 1.87% NET RECEIVALBES/(PAYABLES) 2.28% 4.15% PF Growth Regular Growth Direct Regular Growth PF Dividend MATURITY PROFILE FOR THE RATING PROFILE FOR THE Regular Dividend Direct Regular Dividend EXPENSE RATIO : 1.32% CRISIL AAA, SOV Cash & Other Receivables METRICS Average Maturity Duration 2,876 days 4.14 years DISCRETE 12 MONTHS RETURNS I Sec Period Fund Composite Gilt 10 year GOI Period Fund I Sec Composite Gilt 1O Year GOI Jan 01, 2012 To Dec 31, Last 1 Year 10,881 11, Jan 01, 2011 To Dec 31, Last 2 Years 11,661 11, Jan 01, 2010 To Dec 31, Last 3 Years 11,958 12, ,091 N.A. N.A N.A. N.A. 9

10 LIC NOMURA MF UNIT LINKED INSURANCE SCHEME Scheme Type: Insurance Linked Tax Saving Launch Date: June 19,1989 AUM as on 28/02/2013: 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 February 28, 2013 Dividend Direct Dividend EXPENSE RATIO : 2.01% ANNUAL TURNOVER RATIO : 1.39 times METRICS Quantitative Indicators - Debt Component Average Maturity 61 days Duration 0.15 years Standard Deviation 1.11% Sharpe Ratio 0.03 Portfolio Beta 1.02 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. Auto 3.89% BAJAJ AUTO LTD 1.33% MARUTI SUZUKI INDIA LTD 0.76% TATA MOTORS LTD 0.71% HERO MOTOCORP LTD 0.69% MAHINDRA & MAHINDRA LTD 0.41% Banks 12.61% ICICI BANK LTD 4.75% HDFC BANK LTD 2.68% KOTAK MAHINDRA BANK LTD 1.74% STATE BANK OF INDIA 1.56% YES BANK LTD 0.86% AXIS BANK LTD 0.85% PUNJAB NATIONAL BANK 0.12% BANK OF BARODA 0.05% Cement 3.71% GRASIM INDUSTRIES LTD 1.69% ULTRATECH CEMENT LTD 0.79% AMBUJA CEMENTS LTD 0.67% ACC LTD 0.55% Chemicals 1.01% TATA CHEMICALS LTD 1.01% Construction Project 2.74% LARSEN & TOUBRO LTD 2.74% Consumer Non Durables 6.75% HINDUSTAN UNILEVER LTD 3.30% ITC LTD 3.04% ASIAN PAINTS LTD 0.33% TATA GLOBAL BEVERAGES LTD 0.07% Ferrous Metals 2.58% TATA STEEL LTD 2.58% Finance 6.42% HOUSING DEVELOPMENT FINANCE CORPORATION 3.38% INFRASTRUCTURE DEVELOPMENT FINANCE 3.03% Gas 1.15% GAIL (INDIA) LTD 1.15% Industrial Capital Goods 0.49% SIEMENS LTD 0.49% Minerals/Mining 1.04% COAL INDIA LTD 1.03% NMDC LTD 0.01% Non - Ferrous Metals 1.17% HINDALCO INDUSTRIES LTD 1.17% Oil 1.72% OIL & NATURAL GAS CORPORATION LTD 1.04% CAIRN INDIA LTD 0.68% Petroleum Products 5.18% RELIANCE INDUSTRIES LTD 5.18% Pharmaceuticals 4.94% DR. REDDY'S LABORATORIES LTD 2.43% RANBAXY LABORATORIES LTD 1.12% SUN PHARMACEUTICALS INDUSTRIES LTD 0.83% CIPLA LTD 0.29% LUPIN LTD 0.27% Power 2.08% POWER GRID CORPORATION OF INDIA LTD 1.96% PTC INDIA LTD 0.12% Software 8.60% INFOSYS LTD 5.06% TECH MAHINDRA LTD 1.71% TATA CONSULTANCY SERVICES LTD 1.17% WIPRO LTD 0.52% HCL TECHNOLOGIES LTD 0.13% Telecom - Services 2.22% BHARTI AIRTEL LTD 2.22% Equity Holdings Total 68.29% Rating CORPORATE BOND SECURITY Corporate Bond DR. REDDY'S LABORATORIES LTD ICRA AA+ 0.01% Corporate Bond Total 0.01% Floating Rate Note MAGMA FINCORP LTD CARE AA % Floating Rate Note Total 13.54% CORPORATE BOND SECURITY Total 13.55% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR OPTION 1.30% Mutual Fund Units Total 1.30% MUTFUND Total 1.30% MONEY MARKET INSTRUMENTS Certificate of Deposit ANDHRA BANK CARE A % ICICI BANK LTD CARE A % THE JAMMU & KASHMIR BANK LTD CRISIL A % Certificate of Deposit Total 18.17% MONEY MARKET INSTRUMENTS Total 18.17% CBLO / REPO 0.80% NET RECEIVALBES/(PAYABLES) -2.12% -1.31% MATURITY PROFILE FOR THE Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNXNifty Jan 01, 2012 To Dec 31, Last 1 Year 11,821 12,127 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 10,061 10,382 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 10,901 11,792 11,354 81,077 N.A. N.A N.A. N.A. 10 MUTUAL INTEREST March, 2013

11 LIC NOMURA MF BALANCED FUND Scheme Type: Balanced Launch Date: January 1, 1991 AUM as on 28/02/2013: INR Cr Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.1000/- Name: Mr. Surendra Jalani as on February 28, 2013 EXPENSE RATIO : 2.16% ANNUAL TURNOVER RATIO : 0.90 times METRICS Growth Dividend Direct Growth Direct Dividend Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 1.17% Sharpe Ratio 0.03 Portfolio Beta 0.97 R squared 0.10 ANALYSIS : SECTOR WISE 26 days 0.07 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. Auto 4.71% TATA MOTORS LTD 2.05% MAHINDRA & MAHINDRA LTD 1.68% BAJAJ AUTO LTD 0.87% MARUTI SUZUKI INDIA LTD 0.11% Banks 13.96% HDFC BANK LTD 5.85% ICICI BANK LTD 3.72% YES BANK LTD 2.37% KOTAK MAHINDRA BANK LTD 1.38% AXIS BANK LTD 0.59% STATE BANK OF INDIA 0.06% Cement 3.50% AMBUJA CEMENTS LTD 2.10% ULTRATECH CEMENT LTD 0.77% GRASIM INDUSTRIES LTD 0.49% ACC LTD 0.14% Construction Project 3.74% LARSEN & TOUBRO LTD 3.74% Consumer Non Durables 8.52% ITC LTD 4.70% HINDUSTAN UNILEVER LTD 3.64% ASIAN PAINTS LTD 0.18% Finance 6.08% HOUSING DEVELOPMENT FINANCE CORPORATION 3.54% INFRASTRUCTURE DEVELOPMENT FINANCE 2.54% Minerals/Mining 0.05% NMDC LTD 0.05% Non - Ferrous Metals 1.36% HINDALCO INDUSTRIES LTD 1.36% Oil 1.83% OIL & NATURAL GAS CORPORATION LTD 1.71% CAIRN INDIA LTD 0.11% Petroleum Products 3.64% RELIANCE INDUSTRIES LTD 3.64% Pharmaceuticals 6.11% SUN PHARMACEUTICALS INDUSTRIES LTD 1.54% LUPIN LTD 1.29% DR. REDDY'S LABORATORIES LTD 1.16% CIPLA LTD 1.09% RANBAXY LABORATORIES LTD 1.04% Power 2.07% POWER GRID CORPORATION OF INDIA LTD 1.15% PTC INDIA LTD 0.92% Services 0.75% ADITYA BIRLA NUVO LTD 0.75% Software 11.26% INFOSYS LTD 4.95% HCL TECHNOLOGIES LTD 3.57% TATA CONSULTANCY SERVICES LTD 2.50% TECH MAHINDRA LTD 0.12% WIPRO LTD 0.11% Equity Holdings Total 67.58% Rating CORPORATE BOND SECURITY Floating Rate Note MAGMA FINCORP LTD CARE AA % Floating Rate Note Total 18.77% CORPORATE BOND SECURITY Total 18.77% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR 12.12% Mutual Fund Units Total 12.12% MUTFUND Total 12.12% CBLO / REPO 1.34% NET RECEIVALBES/(PAYABLES) 0.19% 1.53% MATURITY PROFILE FOR THE Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNX Nifty Jan 01, 2012 To Dec 31, Last 1 Year 12,430 12,127 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,966 10,382 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 10,928 11,792 11,354 59,552 N.A. N.A N.A. N.A. 11

12 LIC NOMURA MF MONTHLY INCOME PLAN Scheme Type: Hybrid Launch Date: June 1, 2003 AUM as on 28/02/2013: INR Cr Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on February 28, 2013 Growth Dividend - Monthly Dividend - Quarterly Dividend - Yearly Direct Growth Direct Dividend - Monthly Direct Dividend - Quarterly Direct Dividend - Yearly EXPENSE RATIO : 1.59% ANNUAL TURNOVER RATIO : 1.68 times METRICS Quantitative Indicators - Debt Component Average Maturity 130 days Duration 0.32 years Standard Deviation 1.99% Sharpe Ratio 0.02 Portfolio Beta 0.38 R squared 0.02 ANALYSIS : SECTOR WISE 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. % Of Nav Auto 1.90% MAHINDRA & MAHINDRA LTD 1.44% BAJAJ AUTO LTD 0.24% TATA MOTORS LTD 0.18% MARUTI SUZUKI INDIA LTD 0.04% Banks 1.90% ICICI BANK LTD 1.12% UNION BANK OF INDIA 0.44% KOTAK MAHINDRA BANK LTD 0.18% HDFC BANK LTD 0.14% STATE BANK OF INDIA 0.02% Cement 0.80% ULTRATECH CEMENT LTD 0.39% AMBUJA CEMENTS LTD 0.21% GRASIM INDUSTRIES LTD 0.18% ACC LTD 0.03% Construction Project 0.02% LARSEN & TOUBRO LTD 0.02% Consumer Non Durables 1.75% ITC LTD 1.15% HINDUSTAN UNILEVER LTD 0.42% ASIAN PAINTS LTD 0.18% Finance 0.78% HOUSING DEVELOPMENT FINANCE CORPORATION 0.75% INFRASTRUCTURE DEVELOPMENT FINANCE 0.03% Minerals / Mining 0.02% NMDC LTD 0.02% Non - Ferrous Metals 0.08% HINDALCO INDUSTRIES LTD 0.08% Oil 0.04% CAIRN INDIA LTD 0.04% Petroleum Products 1.22% RELIANCE INDUSTRIES LTD 1.22% Pharmaceuticals 1.81% RANBAXY LABORATORIES LTD 0.67% CIPLA LTD 0.56% LUPIN LTD 0.21% SUN PHARMACEUTICALS INDUSTRIES LTD 0.20% DR. REDDY'S LABORATORIES LTD 0.18% Power 0.15% POWER GRID CORPORATION OF INDIA LTD 0.15% Software 3.84% INFOSYS LTD 2.34% TATA CONSULTANCY SERVICES LTD 1.50% Equity Holdings Total 14.32% Rating CORPORATE BOND SECURITY Corporate Bond PUNJ LLOYD LTD CARE A 4.12% Corporate Bond Total 4.12% Floating Rate Note MAGMA FINCORP LTD CARE AA % Floating Rate Note Total 26.51% CORPORATE BOND SECURITY Total 30.63% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR 1.75% Mutual Fund Units Total 1.75% MUTFUND Total 1.75% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A % BANK OF MAHARASHTRA CRISIL A % VIJAYA BANK CARE A % ANDHRA BANK CARE A % Certificate of Deposit Total 49.17% MONEY MARKET INSTRUMENTS Total 49.17% CBLO / REPO 2.26% NET RECEIVALBES/(PAYABLES) 1.87% 4.13% MATURITY PROFILE FOR THE Period Fund C MIPex 10 Yrs GOI Period Fund C MIPex 10 Years GOI Jan 01, 2012 To Dec 31, Last 1 Year 11,016 11,210 11,067 Jan 01, 2011 To Dec 31, Last 2 Years 10,748 11,405 11,279 Jan 01, 2010 To Dec 31, Last 3 Years 11,300 12,203 11,620 35,242 23,408 16, % * For Dividend History refer to page no MUTUAL INTEREST March, 2013

13 LIC NOMURA MF CHILDREN'S FUND Scheme Type: Balanced Launch Date: September 26, 2001 AUM as on 28/02/2013: INR 4.79 Cr Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on February 28, 2013 EXPENSE RATIO : 2.20% ANNUAL TURNOVER RATIO : 0.80 times METRICS Growth Direct Growth Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 1.17% Sharpe Ratio Portfolio Beta 1.14 R squared 0.11 ANALYSIS : SECTOR WISE 64 days 0.12 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. Auto 8.08% MAHINDRA & MAHINDRA LTD 3.29% TATA MOTORS LTD 3.00% MARUTI SUZUKI INDIA LTD 1.41% BAJAJ AUTO LTD 0.21% HERO MOTOCORP LTD 0.17% Banks 14.99% HDFC BANK LTD 6.54% ICICI BANK LTD 3.91% AXIS BANK LTD 2.81% YES BANK LTD 0.98% STATE BANK OF INDIA 0.54% KOTAK MAHINDRA BANK LTD 0.21% Cement 2.55% AMBUJA CEMENTS LTD 1.60% ULTRATECH CEMENT LTD 0.39% GRASIM INDUSTRIES LTD 0.37% ACC LTD 0.19% Construction Project 2.58% LARSEN & TOUBRO LTD 2.58% Consumer Non Durables 6.54% ITC LTD 4.24% HINDUSTAN UNILEVER LTD 1.85% ASIAN PAINTS LTD 0.45% Finance 3.51% HOUSING DEVELOPMENT FINANCE CORPORATION 3.32% INFRASTRUCTURE DEVELOPMENT FINANCE 0.19% Industrial Capital Goods 0.13% SIEMENS LTD 0.13% Minerals/Mining 0.86% NMDC LTD 0.86% Non - Ferrous Metals 2.58% HINDALCO INDUSTRIES LTD 2.58% Oil 0.44% CAIRN INDIA LTD 0.44% Petroleum Products 3.06% RELIANCE INDUSTRIES LTD 3.06% Pharmaceuticals 3.46% DR. REDDY'S LABORATORIES LTD 1.28% CIPLA LTD 0.98% LUPIN LTD 0.61% SUN PHARMACEUTICALS INDUSTRIES LTD 0.44% RANBAXY LABORATORIES LTD 0.16% Power 0.17% POWER GRID CORPORATION OF INDIA LTD 0.17% Software 9.71% INFOSYS LTD 5.00% TATA CONSULTANCY SERVICES LTD 4.04% HCL TECHNOLOGIES LTD 0.45% WIPRO LTD 0.22% Telecom - Services 0.20% BHARTI AIRTEL LTD 0.20% Equity Holdings Total 58.85% Rating CORPORATE BOND SECURITY Corporate Bond PUNJ LLOYD LTD CARE A 19.40% SHRIRAM TRANSPORT FINANCE COMPANY LTD FITCH AA 11.34% Corporate Bond Total 30.75% CORPORATE BOND SECURITY Total 30.75% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR 7.14% Mutual Fund Units Total 7.14% MUTFUND Total 7.14% CBLO / REPO 3.66% NET RECEIVALBES/(PAYABLES) -0.39% 3.27% MATURITY PROFILE FOR THE Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNX Nifty Jan 01, 2012 To Dec 31, Last 1 Year 11,979 12,127 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,331 10,382 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 9,702 11,792 11,354 10,308 38,315 60, * For Dividend History refer to page no

14 LIC NOMURA MF FLOATER MIP Scheme Type: Hybrid Launch Date: September 21, 2004 AUM as on 28/02/2013: INR Cr Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on February 28, 2013 Growth Dividend - Monthly Dividend - Quarterly Dividend - Yearly Direct Growth Direct Dividend - Monthly Direct Dividend - Quarterly Direct Dividend - Yearly EXPENSE RATIO : 1.39% ANNUAL TURNOVER RATIO : 1.80 times METRICS Quantitative Indicators - Debt Component Average Maturity 152 days Duration 0.38 years Standard Deviation 0.34% Sharpe Ratio 0.06 Portfolio Beta 0.55 R squared 0.15 ANALYSIS : SECTOR WISE 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. Auto 1.32% MAHINDRA & MAHINDRA LTD 1.17% TATA MOTORS LTD 0.08% MARUTI SUZUKI INDIA LTD 0.03% BAJAJ AUTO LTD 0.03% Banks 1.21% HDFC BANK LTD 1.05% ICICI BANK LTD 0.16% Cement 0.34% AMBUJA CEMENTS LTD 0.17% GRASIM INDUSTRIES LTD 0.15% ACC LTD 0.02% Construction Project 1.61% LARSEN & TOUBRO LTD 1.61% Consumer Non Durables 0.29% ASIAN PAINTS LTD 0.14% ITC LTD 0.09% HINDUSTAN UNILEVER LTD 0.06% Finance 1.44% INFRASTRUCTURE DEVELOPMENT FINANCE 1.25% HOUSING DEVELOPMENT FINANCE CORPORATION 0.19% Minerals/Mining 0.01% NMDC LTD 0.01% Non - Ferrous Metals 0.87% HINDALCO INDUSTRIES LTD 0.87% Oil 0.04% CAIRN INDIA LTD 0.04% Petroleum Products 0.34% RELIANCE INDUSTRIES LTD 0.34% Pharmaceuticals 1.84% CIPLA LTD 0.73% BIOCON LTD 0.48% RANBAXY LABORATORIES LTD 0.32% SUN PHARMACEUTICALS INDUSTRIES LTD 0.16% DR. REDDY'S LABORATORIES LTD 0.15% Power 0.09% POWER GRID CORPORATION OF INDIA LTD 0.09% Software 0.40% TATA CONSULTANCY SERVICES LTD 0.20% INFOSYS LTD 0.20% Equity Holdings Total 9.80% Rating CORPORATE BOND SECURITY Floating Rate Note MAGMA FINCORP LTD CARE AA % Floating Rate Note Total 26.32% CORPORATE BOND SECURITY Total 26.32% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR 0.54% Mutual Fund Units Total 0.54% MUTFUND Total 0.54% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A % BANK OF MAHARASHTRA CRISIL A % THE JAMMU & KASHMIR BANK LTD CRISIL A % Certificate of Deposit Total 60.86% MONEY MARKET INSTRUMENTS Total 60.86% CBLO / REPO 1.39% NET RECEIVALBES/(PAYABLES) 1.09% 2.48% MATURITY PROFILE FOR THE Period Fund C MIPex 10 Yrs GOI Period Fund C MIPex 10 Years GOI Jan 01, 2012 To Dec 31, Last 1 Year 11,141 11,210 11,067 Jan 01, 2011 To Dec 31, Last 2 Years 11,092 11,405 11,279 Jan 01, 2010 To Dec 31, Last 3 Years 12,022 12,203 11,629 20,227 23,408 15, % * For Dividend History refer to page no MUTUAL INTEREST March, 2013

15 LIC NOMURA MF EQUITY FUND Scheme Type: Equity - Diversified Launch Date: April 16, 1998 AUM as on 28/02/2013: INR Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima As on February 28, 2013 EXPENSE RATIO : 1.85% ANNUAL TURNOVER RATIO : 0.31 times Growth Dividend Direct Growth Direct Dividend Standard Deviation 1.63 Sharpe Ratio 0.03 Portfolio Beta 0.90 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. Auto 5.88% TATA MOTORS LTD 3.95% MAHINDRA & MAHINDRA LTD 1.93% Banks 23.79% ICICI BANK LTD 7.30% HDFC BANK LTD 6.26% STATE BANK OF INDIA 4.04% CANARA BANK 2.56% BANK OF INDIA 1.92% AXIS BANK LTD 1.72% Construction Project 5.83% LARSEN & TOUBRO LTD 5.83% Consumer Non Durables 14.49% ITC LTD 8.16% HINDUSTAN UNILEVER LTD 2.65% COLGATE PALMOLIVE (INDIA) LTD 2.24% VST INDUSTRIES LTD 1.44% Ferrous Metals 2.42% TATA STEEL LTD 2.42% Finance 4.11% HOUSING DEVELOPMENT FINANCE CORPORATION 2.63% POWER FINANCE CORPORATION LTD 1.48% Minerals/Mining 1.86% COAL INDIA LTD 1.86% Non - Ferrous Metals 1.13% HINDALCO INDUSTRIES LTD 1.13% Oil 6.25% OIL & NATURAL GAS CORPORATION LTD 4.31% CAIRN INDIA LTD 1.93% Petroleum Products 5.06% RELIANCE INDUSTRIES LTD 5.06% Pharmaceuticals 3.41% CIPLA LTD 1.48% LUPIN LTD 1.00% SUN PHARMACEUTICALS INDUSTRIES LTD 0.93% Power 1.93% POWER GRID CORPORATION OF INDIA LTD 1.93% Software 17.13% INFOSYS LTD 8.94% TATA CONSULTANCY SERVICES LTD 3.31% WIPRO LTD 3.04% HCL TECHNOLOGIES LTD 1.85% Telecom - Services 4.18% BHARTI AIRTEL LTD 4.18% Equity Holdings Total 97.48% CBLO / REPO 3.06% NET RECEIVALBES/(PAYABLES) -0.53% 2.52% ANALYSIS : SECTOR WISE Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, Last 1 Year 12,844 12,570 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,370 9,472 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 10,867 11,123 11,354 27,246 74,112 73,

16 LIC NOMURA MF GROWTH FUND Scheme Type: Equity - Diversified Launch Date: September 1, 1999 AUM as on 28/02/2013: INR Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima As on February 28, 2013 EXPENSE RATIO : 1.88% ANNUAL TURNOVER RATIO: 0.39 times Growth Dividend Direct Growth Direct Dividend Standard Deviation 1.60 Sharpe Ratio 0.04 Portfolio Beta 0.86 ANALYSIS : SECTOR WISE 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. Auto 6.12% TATA MOTORS LTD 3.96% MAHINDRA & MAHINDRA LTD 2.16% Auto Ancillaries 1.13% APOLLO TYRES LTD 1.13% Banks 23.36% ICICI BANK LTD 6.57% HDFC BANK LTD 5.48% STATE BANK OF INDIA 4.78% CANARA BANK 2.79% BANK OF INDIA 2.03% AXIS BANK LTD 1.71% Construction Project 6.01% LARSEN & TOUBRO LTD 6.01% Consumer Non Durables 11.63% ITC LTD 7.01% HINDUSTAN UNILEVER LTD 4.07% ASIAN PAINTS LTD 0.54% Ferrous Metals 2.20% TATA STEEL LTD 2.20% Finance 3.38% POWER FINANCE CORPORATION LTD 2.19% HOUSING DEVELOPMENT FINANCE CORPORATION 1.19% Gas 3.58% PETRONET LNG LTD 2.43% INDRAPRASTHA GAS LTD 1.15% Industrial Products 0.94% BHARAT FORGE LTD 0.94% Media & Entertainment 1.12% D. B. CORP LTD 1.12% Minerals/Mining 3.88% COAL INDIA LTD 2.23% GUJARAT MINERAL DEVELOPMENT CORP LTD 1.65% Oil 5.35% OIL & NATURAL GAS CORPORATION LTD 3.34% CAIRN INDIA LTD 2.01% Petroleum Products 2.50% RELIANCE INDUSTRIES LTD 2.50% Pharmaceuticals 3.78% SUN PHARMACEUTICALS INDUSTRIES LTD 1.22% LUPIN LTD 1.19% CIPLA LTD 0.77% DR. REDDY'S LABORATORIES LTD 0.60% Power 3.05% POWER GRID CORPORATION OF INDIA LTD 1.89% NTPC LTD 1.15% Software 13.53% INFOSYS LTD 7.38% HCL TECHNOLOGIES LTD 3.48% WIPRO LTD 2.10% TATA CONSULTANCY SERVICES LTD 0.57% Telecom - Services 4.27% BHARTI AIRTEL LTD 4.27% Equity Holdings Total 95.81% CBLO / REPO 5.12% NET RECEIVALBES/(PAYABLES) -0.93% 4.19% Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, Last 1 Year 12,828 12,570 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,379 9,472 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 11,019 11,123 11,354 13,306 47,331 47, MUTUAL INTEREST March, 2013

17 LIC NOMURA MF TAX PLAN Scheme Type: Equity Linked Savings Scheme Launch Date: April 17, 2000 AUM as on 28/02/2013: 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 February 28, 2013 Growth Dividend Direct Growth Direct Dividend EXPENSE RATIO : 2.22% ANNUAL TURNOVER RATIO: 0.16 times Standard Deviation 1.93% Sharpe Ratio 0.03 Portfolio Beta 0.86 ANALYSIS : SECTOR WISE To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. Auto 8.44% TATA MOTORS LTD 4.07% MAHINDRA & MAHINDRA LTD 2.65% MARUTI SUZUKI INDIA LTD 1.07% BAJAJ AUTO LTD 0.65% Banks 25.29% ICICI BANK LTD 7.40% STATE BANK OF INDIA 5.72% HDFC BANK LTD 5.63% AXIS BANK LTD 1.87% KOTAK MAHINDRA BANK LTD 1.86% CANARA BANK 1.79% BANK OF INDIA 1.01% Construction Project 4.79% LARSEN & TOUBRO LTD 4.55% VOLTAS LTD 0.24% Consumer Non Durables 11.08% ITC LTD 8.43% HINDUSTAN UNILEVER LTD 1.75% VST INDUSTRIES LTD 0.90% Ferrous Metals 2.81% TATA STEEL LTD 2.81% Finance 3.59% HOUSING DEVELOPMENT FINANCE CORPORATION 2.68% RURAL ELECTRIFICATION CORPORATION LTD 0.90% Gas 2.17% GAIL (INDIA) LTD 1.58% PETRONET LNG LTD 0.59% Media & Entertainment 1.11% D. B. CORP LTD 1.11% Minerals/Mining 3.33% COAL INDIA LTD 1.84% GUJARAT MINERAL DEVELOPMENT CORP LTD 1.04% NMDC LTD 0.45% Oil 5.12% OIL & NATURAL GAS CORPORATION LTD 3.15% CAIRN INDIA LTD 1.97% Petroleum Products 5.36% RELIANCE INDUSTRIES LTD 5.36% Pharmaceuticals 4.46% DR. REDDY'S LABORATORIES LTD 1.74% SUN PHARMACEUTICALS INDUSTRIES LTD 1.19% CIPLA LTD 1.04% RANBAXY LABORATORIES LTD 0.50% Power 0.91% POWER GRID CORPORATION OF INDIA LTD 0.91% Software 14.67% INFOSYS LTD 9.00% TATA CONSULTANCY SERVICES LTD 4.00% WIPRO LTD 1.10% HCL TECHNOLOGIES LTD 0.57% Telecom - Services 3.30% BHARTI AIRTEL LTD 3.30% Transportation 1.10% CONTAINER CORPORATION OF INDIA LTD 0.68% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 0.41% Equity Holdings Total 97.52% CBLO / REPO 3.08% NET RECEIVALBES/(PAYABLES) -0.60% 2.48% Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, Last 1 Year 12,633 12,570 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,322 9,472 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 10,788 11,123 11,354 29,761 59,518 63,

18 LIC NOMURA MF INDEX FUND - SENSEX PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 28/02/2013: INR Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on February 28, 2013 EXPENSE RATIO : 1.50% ANNUAL TURNOVER RATIO : 0.03 times Growth Dividend Direct Growth Direct Dividend Tracking error 0.41% Standard Deviation 1.58% 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. Auto 9.84% TATA MOTORS LTD 3.35% MAHINDRA & MAHINDRA LTD 2.51% BAJAJ AUTO LTD 1.76% MARUTI SUZUKI INDIA LTD 1.20% HERO MOTOCORP LTD 1.02% Banks 18.24% ICICI BANK LTD 7.44% HDFC BANK LTD 7.32% STATE BANK OF INDIA 3.48% Construction Project 4.71% LARSEN & TOUBRO LTD 4.71% Consumer Non Durables 12.95% ITC LTD 9.97% HINDUSTAN UNILEVER LTD 2.98% Ferrous Metals 2.34% TATA STEEL LTD 1.44% JINDAL STEEL & POWER LTD 0.90% Finance 7.22% HOUSING DEVELOPMENT FINANCE CORPORATION 7.22% Gas 1.07% GAIL (INDIA) LTD 1.07% Industrial Capital Goods 1.07% BHARAT HEAVY ELECTRICALS LTD 1.07% Minerals/Mining 1.21% COAL INDIA LTD 1.21% Non - Ferrous Metals 1.70% STERLITE INDUSTRIES ( INDIA ) LTD 0.88% HINDALCO INDUSTRIES LTD 0.82% Oil 4.16% OIL & NATURAL GAS CORPORATION LTD 4.16% Petroleum Products 8.97% RELIANCE INDUSTRIES LTD 8.97% Pharmaceuticals 4.59% SUN PHARMACEUTICALS INDUSTRIES LTD 2.06% DR. REDDY'S LABORATORIES LTD 1.37% CIPLA LTD 1.17% Power 2.50% NTPC LTD 1.53% TATA POWER COMPANY LTD 0.96% Software 15.93% INFOSYS LTD 8.79% TATA CONSULTANCY SERVICES LTD 5.53% WIPRO LTD 1.61% Telecom - Services 2.67% BHARTI AIRTEL LTD 2.67% Equity Holdings Total 99.18% CBLO / REPO 2.44% NET RECEIVALBES/(PAYABLES) -1.62% 0.82% ANALYSIS : SECTOR WISE Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, Last 1 Year 12,626 12,570 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,547 9,472 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 11,267 11,123 11,354 36,567 60,317 56, MUTUAL INTEREST March, 2013

19 LIC NOMURA MF INDEX FUND - NIFTY PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 28/02/2013: INR Cr Benchmark: S&P CNX Nifty Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on February 28, 2013 EXPENSE RATIO : 1.40% ANNUAL TURNOVER RATIO : 0.24 times Growth Dividend Direct Growth Direct Dividend Tracking error 0.70% Standard Deviation 1.56% Sharpe Ratio 0.03 Portfolio Beta 0.87 ANALYSIS : SECTOR WISE 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. Auto 8.23% TATA MOTORS LTD 2.76% MAHINDRA & MAHINDRA LTD 2.18% BAJAJ AUTO LTD 1.44% MARUTI SUZUKI INDIA LTD 0.97% HERO MOTOCORP LTD 0.87% Banks 20.31% ICICI BANK LTD 6.53% HDFC BANK LTD 6.18% STATE BANK OF INDIA 2.92% AXIS BANK LTD 2.12% KOTAK MAHINDRA BANK LTD 1.34% BANK OF BARODA 0.64% PUNJAB NATIONAL BANK 0.58% Cement 3.88% GRASIM INDUSTRIES LTD 1.02% ULTRATECH CEMENT LTD 0.99% AMBUJA CEMENTS LTD 0.79% ACC LTD 0.65% JAIPRAKASH ASSOCIATES LTD 0.44% Construction 0.56% DLF LTD 0.56% Construction Project 4.02% LARSEN & TOUBRO LTD 4.02% Consumer Non Durables 12.24% ITC LTD 8.71% HINDUSTAN UNILEVER LTD 2.48% ASIAN PAINTS LTD 1.05% Ferrous Metals 1.97% TATA STEEL LTD 1.24% JINDAL STEEL & POWER LTD 0.73% Finance 7.32% HOUSING DEVELOPMENT FINANCE CORPORATION 6.33% INFRASTRUCTURE DEVELOPMENT FINANCE 0.99% Gas 0.81% GAIL (INDIA) LTD 0.81% Industrial Capital Goods 1.11% BHARAT HEAVY ELECTRICALS LTD 0.87% SIEMENS LTD 0.24% Minerals/Mining 1.39% COAL INDIA LTD 1.07% SESA GOA LTD 0.33% Non - Ferrous Metals 0.69% HINDALCO INDUSTRIES LTD 0.69% Oil 3.96% OIL & NATURAL GAS CORPORATION LTD 3.02% CAIRN INDIA LTD 0.94% Petroleum Products 7.76% RELIANCE INDUSTRIES LTD 7.23% BHARAT PETROLEUM CORPORATION LTD 0.52% Pharmaceuticals 4.92% SUN PHARMACEUTICALS INDUSTRIES LTD 1.64% DR. REDDY'S LABORATORIES LTD 1.21% CIPLA LTD 0.99% LUPIN LTD 0.75% RANBAXY LABORATORIES LTD 0.32% Power 2.99% NTPC LTD 1.05% TATA POWER COMPANY LTD 0.83% POWER GRID CORPORATION OF INDIA LTD 0.80% RELIANCE INFRASTRUCTURE LTD 0.31% Software 13.98% INFOSYS LTD 7.59% TATA CONSULTANCY SERVICES LTD 4.21% WIPRO LTD 1.17% HCL TECHNOLOGIES LTD 1.01% Telecom - Services 2.10% BHARTI AIRTEL LTD 2.10% Equity Holdings Total 98.24% CBLO / REPO 2.41% NET RECEIVALBES/(PAYABLES) -0.65% 1.76% Period Fund Nifty Sensex Last 1 Year 12,765 12,570 12,770 Last 2 Years 9,721 9,472 9,626 Last 3 Years 11,492 11,123 11,354 32,911 60,317 56,255 Period Fund Nifty Sensex Jan 01, 2012 To Dec 31, Jan 01, 2011 To Dec 31, Jan 01, 2010 To Dec 31,

20 LIC NOMURA MF INDEX FUND - SENSEX ADVANTAGE PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 28/02/2013: INR 3.59 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on February 28, 2013 EXPENSE RATIO : 1.51% ANNUAL TURNOVER RATIO : 0.07 times Growth Dividend Direct Growth Direct Dividend Tracking error 0.52% Standard Deviation 1.46% Sharpe Ratio 0.03 Portfolio Beta 0.85 ANALYSIS : SECTOR WISE 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. Auto 8.14% TATA MOTORS LTD 2.62% MAHINDRA & MAHINDRA LTD 2.11% BAJAJ AUTO LTD 1.50% MARUTI SUZUKI INDIA LTD 1.03% HERO MOTOCORP LTD 0.88% Banks 20.20% ICICI BANK LTD 6.02% HDFC BANK LTD 5.87% STATE BANK OF INDIA 2.82% KOTAK MAHINDRA BANK LTD 2.64% BANK OF BARODA 1.43% AXIS BANK LTD 1.42% Cement 1.53% AMBUJA CEMENTS LTD 1.53% CONSTRUCTION PROJECT 4.93% LARSEN & TOUBRO LTD 3.97% SADBHAV ENGINEERING LTD 0.96% Consumer Non Durables 10.49% ITC LTD 7.96% HINDUSTAN UNILEVER LTD 2.52% Ferrous Metals 1.99% TATA STEEL LTD 1.22% JINDAL STEEL & POWER LTD 0.77% Finance 6.75% HOUSING DEVELOPMENT FINANCE CORPORATION 5.72% INFRASTRUCTURE DEVELOPMENT FINANCE 1.03% Gas 2.31% PETRONET LNG LTD 1.42% GAIL (INDIA) LTD 0.89% Industrial Capital Goods 0.79% BHARAT HEAVY ELECTRICALS LTD 0.79% Minerals/Mining 1.03% COAL INDIA LTD 1.03% Non - Ferrous Metals 1.45% STERLITE INDUSTRIES ( INDIA ) LTD 0.75% HINDALCO INDUSTRIES LTD 0.70% Oil 4.06% OIL & NATURAL GAS CORPORATION LTD 3.14% CAIRN INDIA LTD 0.91% Petroleum Products 7.17% RELIANCE INDUSTRIES LTD 7.17% Pharmaceuticals 5.34% SUN PHARMACEUTICALS INDUSTRIES LTD 1.75% LUPIN LTD 1.71% CIPLA LTD 0.99% DR. REDDY'S LABORATORIES LTD 0.89% Power 2.13% NTPC LTD 1.31% TATA POWER COMPANY LTD 0.83% Software 15.81% INFOSYS LTD 7.12% TATA CONSULTANCY SERVICES LTD 4.43% HCL TECHNOLOGIES LTD 2.91% WIPRO LTD 1.35% Telecom - Services 2.26% BHARTI AIRTEL LTD 2.26% Equity Holdings Total 96.39% CBLO / REPO 4.22% NET RECEIVALBES/(PAYABLES) -0.60% 3.61% Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, Last 1 Year 12,636 12,570 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,581 9,472 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 11,111 11,123 11,354 34,286 60,317 56, MUTUAL INTEREST March, 2013

21 LIC NOMURA MF OPPORTUNITIES FUND Scheme Type: Equity - Diversified Launch Date: January 31, 2005 AUM as on 28/02/2013: INR Cr Benchmark: BSE 200 Minimum Investment: Rs. 5000/- Name: Shri Nobutaka Kitajima as on February 28, 2013 EXPENSE RATIO : 2.22% ANNUAL TURNOVER RATIO : 0.05 times Growth Dividend Direct Growth Direct Dividend Standard Deviation 1.61% Sharpe Ratio 0.02 Portfolio Beta 0.84 The investment objective of the scheme is to provide capital growth in long-term with reasonable risk levels by investing mainly in companies which are in sector/s, which have a high growth potential at that point of time. Auto 10.74% TATA MOTORS LTD 4.43% MAHINDRA & MAHINDRA LTD 3.43% MARUTI SUZUKI INDIA LTD 1.77% BAJAJ AUTO LTD 1.10% Banks 24.69% ICICI BANK LTD 8.10% HDFC BANK LTD 6.83% STATE BANK OF INDIA 3.63% KOTAK MAHINDRA BANK LTD 2.08% AXIS BANK LTD 1.98% BANK OF BARODA 1.21% YES BANK LTD 0.87% Construction Project 5.02% LARSEN & TOUBRO LTD 5.02% Consumer Non Durables 12.45% ITC LTD 8.45% HINDUSTAN UNILEVER LTD 1.97% GODREJ CONSUMER PRODUCTS LTD 1.07% NESTLE INDIA LTD 0.64% ASIAN PAINTS LTD 0.32% Ferrous Metals 1.81% TATA STEEL LTD 1.81% Finance 6.04% HOUSING DEVELOPMENT FINANCE CORPORATION 6.04% Gas 0.63% PETRONET LNG LTD 0.63% Minerals/Mining 1.98% COAL INDIA LTD 1.98% Oil 1.87% OIL & NATURAL GAS CORPORATION LTD 1.87% Petroleum Products 7.84% RELIANCE INDUSTRIES LTD 7.84% Pharmaceuticals 4.79% DR. REDDY'S LABORATORIES LTD 2.93% CIPLA LTD 0.80% RANBAXY LABORATORIES LTD 0.70% SUN PHARMACEUTICALS INDUSTRIES LTD 0.36% Power 2.32% POWER GRID CORPORATION OF INDIA LTD 2.32% Software 15.29% INFOSYS LTD 8.08% TATA CONSULTANCY SERVICES LTD 3.88% HCL TECHNOLOGIES LTD 1.88% WIPRO LTD 1.45% Telecom - Services 2.69% BHARTI AIRTEL LTD 2.69% Equity Holdings Total 98.15% CBLO / REPO 2.36% NET RECEIVALBES/(PAYABLES) -0.51% 1.85% ANALYSIS : SECTOR WISE Period Fund BSE 200 Nifty Period Fund BSE 200 Nifty Jan 01, 2012 To Dec 31, Last 1 Year 12,674 13,098 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,056 9,568 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 10,585 11,120 11,354 18,590 27,688 28,

22 LIC NOMURA MF INDIA VISION FUND Scheme Type: Equity - Diversified Launch Date: November 23, 2006 AUM as on 28/02/2013: INR Cr Benchmark: BSE 200 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on February 28, 2013 EXPENSE RATIO : 2.52% ANNUAL TURNOVER RATIO : 0.17 times Growth Dividend Direct Growth Direct Dividend Standard Deviation 1.64% Sharpe Ratio Portfolio Beta 0.75 ANALYSIS : SECTOR WISE The investment objective of the Scheme is to generate long-term appreciation by identifying growth sectors and investing in the universe of companies within such sectors. The emphasis will be to pick up undervalued stocks in the mid and small cap segment that have potential to grow into large cap segment in the identified sectors. Investment in large cap stocks in the identified sectors will be purely to take short-term advantage of the market momentum. Auto 7.32% TATA MOTORS LTD 3.72% MAHINDRA & MAHINDRA LTD 3.24% BAJAJ AUTO LTD 0.36% Auto Ancillaries 2.30% MRF LTD 1.21% APOLLO TYRES LTD 1.09% Banks 19.21% ICICI BANK LTD 5.79% STATE BANK OF INDIA 3.30% AXIS BANK LTD 2.84% HDFC BANK LTD 2.06% YES BANK LTD 1.51% IDBI BANK LTD 1.39% KOTAK MAHINDRA BANK LTD 1.22% BANK OF BARODA 1.10% Construction Project 6.23% LARSEN & TOUBRO LTD 4.56% SADBHAV ENGINEERING LTD 0.84% VOLTAS LTD 0.83% Consumer Non Durables 13.15% ITC LTD 4.82% GODREJ CONSUMER PRODUCTS LTD 2.10% NESTLE INDIA LTD 1.68% TATA GLOBAL BEVERAGES LTD 1.31% HINDUSTAN UNILEVER LTD 1.17% ASIAN PAINTS LTD 1.13% VST INDUSTRIES LTD 0.93% Ferrous Metals 2.25% TATA STEEL LTD 2.25% Finance 5.36% HOUSING DEVELOPMENT FINANCE CORPORATION 2.80% INFRASTRUCTURE DEVELOPMENT FINANCE 2.56% Gas 2.75% PETRONET LNG LTD 1.52% GAIL (INDIA) LTD 1.23% Industrial Capital Goods 0.52% NITIN FIRE PROTECTION INDUSTRIES LTD 0.52% Industrial Products 1.13% CUMMINS INDIA LTD 1.13% Minerals/Mining 2.63% GUJARAT MINERAL DEVELOPMENT CORP LTD 1.65% COAL INDIA LTD 0.98% Oil 4.14% OIL & NATURAL GAS CORPORATION LTD 4.14% Petroleum Products 3.01% RELIANCE INDUSTRIES LTD 3.01% Pharmaceuticals 7.02% SUN PHARMACEUTICALS INDUSTRIES LTD 4.21% LUPIN LTD 1.88% RANBAXY LABORATORIES LTD 0.92% Power 2.68% PTC INDIA LTD 2.68% Software 11.14% INFOSYS LTD 6.68% TATA CONSULTANCY SERVICES LTD 2.46% HCL TECHNOLOGIES LTD 2.00% Telecom - Services 4.43% BHARTI AIRTEL LTD 3.06% IDEA CELLULAR LTD 1.37% Transportation 1.21% CONTAINER CORPORATION OF INDIA LTD 1.21% Equity Holdings Total 96.46% CBLO / REPO 2.03% NET RECEIVALBES/(PAYABLES) 1.51% 3.54% Period Fund BSE 200 Nifty Period Fund BSE 200 Nifty Jan 01, 2012 To Dec 31, Last 1 Year 13,199 13,098 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,087 9,568 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 10,477 11,120 11,354 9,063 15,050 15, MUTUAL INTEREST March, 2013

23 LIC NOMURA MF SYSTEMATIC FUND Scheme Type: Equity - Diversified Launch Date: August 16, 2007 AUM as on 28/02/2013: INR Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on February 28, 2013 EXPENSE RATIO : 2.36% Growth Dividend Direct Growth Direct Dividend ANNUAL TURNOVER RATIO : 0.10 times The investment objective of the scheme is to achieve a long term growth by investing systematically in the Equity / Equity related instruments. Auto 10.46% TATA MOTORS LTD 6.14% MAHINDRA & MAHINDRA LTD 4.32% Banks 20.79% HDFC BANK LTD 6.50% ICICI BANK LTD 5.77% STATE BANK OF INDIA 5.18% AXIS BANK LTD 3.34% Construction Project 6.80% LARSEN & TOUBRO LTD 6.80% Consumer Non Durables 12.11% ITC LTD 9.28% HINDUSTAN UNILEVER LTD 2.83% Ferrous Metals 2.97% TATA STEEL LTD 2.97% Finance 9.77% HOUSING DEVELOPMENT FINANCE CORPORATION 6.88% INFRASTRUCTURE DEVELOPMENT FINANCE 2.89% Minerals/Mining 2.01% COAL INDIA LTD 2.01% Oil 2.34% OIL & NATURAL GAS CORPORATION LTD 2.34% Petroleum Products 7.69% RELIANCE INDUSTRIES LTD 7.69% Pharmaceuticals 3.04% CIPLA LTD 2.06% SUN PHARMACEUTICALS INDUSTRIES LTD 0.68% DR. REDDY'S LABORATORIES LTD 0.31% Software 14.45% INFOSYS LTD 9.58% TATA CONSULTANCY SERVICES LTD 4.87% Telecom - Services 3.53% BHARTI AIRTEL LTD 3.53% Equity Holdings Total 95.98% CBLO / REPO 1.80% NET RECEIVALBES/(PAYABLES) 2.22% 4.02% Standard Deviation 0.97% Sharpe Ratio Portfolio Beta 0.71 ANALYSIS : SECTOR WISE Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, Last 1 Year 12,635 12,570 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,071 9,472 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 9,763 11,123 11,354 10,271 12,450 13, % 23

24 LIC NOMURA MF TOP 100 FUND Scheme Type: Equity - Diversified Launch Date: November 15, 2007 AUM as on 28/02/2013: INR Cr Benchmark: CNX 100 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on February 28, 2013 EXPENSE RATIO : 2.38% ANNUAL TURNOVER RATIO : 0.04 times Growth Dividend Direct Growth Direct Dividend Standard Deviation 1.53% Sharpe Ratio Portfolio Beta 0.74 The investment objective of the scheme is to provide long term capital appreciation from a portfolio of equity and equity related instruments primarily drawn from the companies in CNX 100 index. Auto 8.41% MAHINDRA & MAHINDRA LTD 3.97% TATA MOTORS LTD 3.89% BAJAJ AUTO LTD 0.54% Banks 22.03% HDFC BANK LTD 6.16% ICICI BANK LTD 4.65% STATE BANK OF INDIA 3.85% AXIS BANK LTD 3.13% BANK OF BARODA 2.49% KOTAK MAHINDRA BANK LTD 1.20% IDBI BANK LTD 0.55% Construction Project 5.85% LARSEN & TOUBRO LTD 5.85% Consumer Non Durables 11.18% ITC LTD 7.13% HINDUSTAN UNILEVER LTD 3.79% ASIAN PAINTS LTD 0.26% Ferrous Metals 2.70% TATA STEEL LTD 2.70% Finance 10.42% HOUSING DEVELOPMENT FINANCE CORPORATION 5.62% INFRASTRUCTURE DEVELOPMENT FINANCE 3.13% POWER FINANCE CORPORATION LTD 1.67% Gas 1.93% GAIL (INDIA) LTD 1.93% Oil 2.50% OIL & NATURAL GAS CORPORATION LTD 2.50% Petroleum Products 6.58% RELIANCE INDUSTRIES LTD 6.58% Pharmaceuticals 6.69% SUN PHARMACEUTICALS INDUSTRIES LTD 3.85% LUPIN LTD 2.26% CIPLA LTD 0.34% DR. REDDY'S LABORATORIES LTD 0.24% Power 1.10% POWER GRID CORPORATION OF INDIA LTD 1.10% Software 15.21% INFOSYS LTD 8.14% TATA CONSULTANCY SERVICES LTD 3.94% HCL TECHNOLOGIES LTD 1.88% WIPRO LTD 1.26% Telecom - Services 1.66% BHARTI AIRTEL LTD 0.88% IDEA CELLULAR LTD 0.78% Transportation 0.55% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 0.55% Equity Holdings Total 96.81% CBLO / REPO 2.19% NET RECEIVALBES/(PAYABLES) 1.00% 3.19% ANALYSIS : SECTOR WISE Period Fund CNX 100 Nifty Period Fund CNX 100 Nifty Jan 01, 2012 To Dec 31, Last 1 Year 12,947 13,060 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 9,193 9,690 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 10,197 11,425 11,354 8,260 9,815 9, MUTUAL INTEREST March, 2013

25 LIC NOMURA MF INFRASTRUCTURE FUND Scheme Type: Equity - Diversified Launch Date: January 31, 2008 AUM as on 28/02/2013: INR Cr Benchmark: BSE 100 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on February 28, 2013 EXPENSE RATIO : 2.47% ANNUAL TURNOVER RATIO : 0.17 times Growth Dividend Direct Growth Direct Dividend Standard Deviation 1.69% Sharpe Ratio Portfolio Beta 0.82 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. Auto 9.04% TATA MOTORS LTD 4.79% MAHINDRA & MAHINDRA LTD 3.42% MARUTI SUZUKI INDIA LTD 0.83% Banks 20.30% HDFC BANK LTD 8.03% ICICI BANK LTD 7.63% STATE BANK OF INDIA 4.05% KOTAK MAHINDRA BANK LTD 0.59% Cement 0.43% AMBUJA CEMENTS LTD 0.23% ACC LTD 0.19% Construction Project 11.22% LARSEN & TOUBRO LTD 9.00% SADBHAV ENGINEERING LTD 1.38% VOLTAS LTD 0.84% Consumer Non Durables 3.66% ASIAN PAINTS LTD 3.66% FERROUS METALS 3.70% TATA STEEL LTD 2.92% JINDAL STEEL & POWER LTD 0.78% Finance 12.08% HOUSING DEVELOPMENT FINANCE CORPORATION 8.26% INFRASTRUCTURE DEVELOPMENT FINANCE 1.60% POWER FINANCE CORPORATION LTD 1.26% SHRIRAM TRANSPORT FINANCE COMPANY LTD 0.96% Gas 3.17% PETRONET LNG LTD 1.49% GAIL (INDIA) LTD 0.91% INDRAPRASTHA GAS LTD 0.77% Industrial Products 0.84% BHARAT FORGE LTD 0.84% Minerals/Mining 2.97% GUJARAT MINERAL DEVELOPMENT CORP LTD 2.22% NMDC LTD 0.75% Oil 6.87% OIL & NATURAL GAS CORPORATION LTD 5.36% CAIRN INDIA LTD 1.52% Petroleum Products 9.58% RELIANCE INDUSTRIES LTD 9.18% INDIAN OIL CORPORATION LTD 0.41% Power 3.42% TATA POWER COMPANY LTD 2.31% NTPC LTD 1.11% Telecom - Services 3.63% BHARTI AIRTEL LTD 3.00% IDEA CELLULAR LTD 0.63% Transportation 3.00% CONTAINER CORPORATION OF INDIA LTD 1.51% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 1.49% Equity Holdings Total 93.92% CBLO / REPO 4.40% NET RECEIVALBES/(PAYABLES) 1.68% 6.08% ANALYSIS : SECTOR WISE Period Fund BSE 100 Nifty Period Fund BSE 100 Nifty Jan 01, 2012 To Dec 31, Last 1 Year 12,660 12,996 12,770 Jan 01, 2011 To Dec 31, Last 2 Years 8,213 9,652 9,626 Jan 01, 2010 To Dec 31, Last 3 Years 8,899 11,163 11,354 8,346 10,955 11,

26 DIVIDEND HISTORY DIVIDEND HISTORY OF LIC NOMURA MF LIQUID FUND Frequency Record Date Face Value (Rs.) (Rs.) Gross Dividend (Rs.)/unit Daily January, February, Daily Direct January, February, DIVIDEND HISTORY OF LIC NOMURA MF SAVINGS PLUS FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily January, February, Daily Direct January, February, Weekly January, February, Weekly Direct January, February, Monthly January, February, Monthly Direct January, February, DIVIDEND HISTORY OF LIC NOMURA MF FLOATER MIP Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly December 26, January 23, February 20, Quarterly March 27, October 03, December 27, Yearly March 10, June 14, March 27, DIVIDEND HISTORY OF LIC NOMURA MF BOND FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly August 01, October 03, December 03, DIVIDEND HISTORY OF LIC NOMURA MF G-SEC FUND PF PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly August 01, October 3, December 27, DIVIDEND HISTORY OF LIC NOMURA MF MONTHLY INCOME PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly January 23, February 20, Quarterly October 03, December 27, Yearly April 09, March 09, June 14, DIVIDEND HISTORY OF LIC NOMURA MF INCOME PLUS FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily January, February, Daily Direct January, February, Weekly January, February, Weekly Direct January, February, Monthly January, February, Monthly Direct January, February, DIVIDEND HISTORY OF LIC NOMURA MF FLOATING RATE FUND - STP Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily January, February, Daily Direct January, February, Weekly January, February, Weekly Direct January, February, DIVIDEND HISTORY OF LIC NOMURA MF G-SEC FUND REG. PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly August 01, October 03, December 03, DIVIDEND HISTORY OF LIC NOMURA MF BALANCED FUND - DIVIDEND PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit March 27, August 14, Fund Manager - Mr. Nobutaka Kitajima Top 3 Scheme Name 1-year Return LIC Nomura MF Index-Sensex plan(g) LIC Nomura MF Index-Sensex Adv Plan(G) LIC Nomura MF India Vision Fund(G) Bottom 3 Scheme Name 1-year Return LIC Nomura MF Tax Plan(G) LIC Nomura MF SAAF(G) LIC Nomura MF Infra Fund(G) Fund Manager s Performance Fund Manager - Mr. Surendra Jalani Top Performance Scheme Name 1-year Return LIC Nomura MF Balanced Fund(G) LIC Nomura MF MIP(G) LIC Nomura MF Floater MIP(G) Bottom Performance LICMF ULIS LIC Nomura MF Children(G) Fund Manager - Mr. Y. D. Prasanna Top 3 Scheme Name 1-year Return LIC Nomura MF Annual-Inv-1-Reg(G) LIC Nomura MF Qtly-Inv-2-Reg(G) LIC Nomura MF Qtly-Inv-1-Reg(G) Bottom 3 Scheme Name 1-year Return LIC Nomura MF Savings Plus(G) LIC Nomura MF FRF-STP(G) LIC Nomura MF G-Sec-Reg(G) MUTUAL INTEREST March, 2013

27 Big happiness comes in small investments with Systematic Investment Plan 4th Floor, Industrial Assurance Bldg., Opp. Churchgate Station, Mumbai Tel.: 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.