November, Mutual Fund Investments are subject to market risks. Please read the scheme information document carefully before investing.

Transcription

1 November, 2009 Open-ended liquid scheme providing liquidity and attractive returns. Growth, Dividend, Reinvestment and Dividend payout option. Tax free dividend income and capital gain tax benefit. T + 1 Redemption facility. Daily Dividend. Mutual Fund Investments are subject to market risks. Please read the scheme information document carefully before investing. 9

2 ICRA Assigns mfa1+ to LICMF Liquid Fund Year 2008 has seen the most rare events since We have the world's strongest economy heading towards recession. Largest financial institutions like Bear Sterns and Lehman Brothers have faced bankruptcy and others like AIG, Fannie Mae, etc bailed out while some like Goldman Sachs, Morgan Stanley will have to convert to Bank to survive the current turmoil. These events have had its own ripple effects. Across the globe, the financial markets tumbled to its lowest. Governments of various countries came up with stimulus packages that helped to rise from the financial turmoil that left almost all world economies vulnerable to growth. During the month of October 08 the mutual fund industry witnessed an erosion of nearly 18% of the asset under management (AUM) to Rs. 4,31,901 crore from Rs.5,29,103 crore in September. Reports said that debt assets declined by as much as 60%. During the previous year, LICMF Liquid Fund has been has been ranked a seven star fund and awarded with the gold award for best performance in the category of open ended liquid plus for three year period ending December 31, LICMF Liquid Fund has also been ranked a five star fund indicating performance among the top 10% in the category of open ended liquid plus for one year period ending December 31, Also, LICMF Liquid Fund received Morningstar Fund Awards (India) for India Liquid Category held on March 06, This award also recognizes the credibility of other ultra short-term funds of LIC Mutual Fund. Morningstar is a leading provider of independent investment research internationally. They are best known for rating funds and stocks and initiated mutual fund awards in India previous year. LICMF Liquid Fund was rated by Fitch as AA(Ind) on December 22, With an intention to provide more comfort to our investors it was decided to obtain a second rating from ICRA. On October 30, 2009, ICRA has assigned Credit Risk Rating mfa1+ to LICMF Liquid Fund. mfa1+ rating is the highest-credit-quality short-term rating assigned by ICRA to debt funds. This scale applies to debt funds with weighted average maturity up to one year. Such funds would generally include liquid funds and cash funds. The rated fund carries the lowest credit risk, similar to that associated with short-term debt obligations rated in the highest-credit-quality category. - CIO's Desk 2

3 Market Review DEBT REVIEW Liquidity was at ease and call rates were soft through out the period, on ample cash in the system. Overnight Call rates were hovering around the reverse-repo levels under the LAF indicating excess liquidity in the system. Call rates traded at 3.25/3.30 percent at the end of month. RBI's second quarter Review of Monetary policy: lgdp growth projection for retained at 6.0 per cent with an upward bias. lwpi Inflation projection at End March 2010 placed at 6.5 per cent with an upward bias, higher than 5.0 percent projected in the July 2009 review. lindicative projection of money supply growth of 18 per cent set out in July 2009 Review is revised downwards to 17 percent. lbank Rate, Repo Rate and Reverse Repo Rate kept unchanged. lcrr unchanged at 5%. lslr hiked from 24percent to 25percent. lnon-convertible debentures of less than one year to be brought under the regulation of Reserve bank of India. The Norms on NCDs may on the lines of the guidelines for issuance of commercial paper. The norms may be in place by November end. lto introduce plain vanilla OTC single-name CDS for corporate bonds soon for resident entities subject to appropriate safeguards lto issue Final guidelines on repo in corporate bonds by November end. lspecial term repo facility for scheduled commercial banks for funding to mutual funds, NBFCs, and housing finance companies (HFCs)] are being discontinued with immediate effect. Monetary Policy Stance lkeep a vigil on the trends in inflation and be prepared to respond swiftly and effectively through policy adjustments to stabilise inflation expectations. lmonitor the liquidity situation closely and manage it actively to ensure that credit demands of productive sectors are adequately met while also securing price stability and financial stability. lmaintain a monetary and interest rate regime consistent with price stability and financial stability, and supportive of the growth process. The Headline inflation, as measured by the wholesale price index, rose 1.51 percent for the week ended October 17, 2009 its strongest pace since May 16 when it was 1.65 percent. Consumer Price Index (CPI) for the month of August rose to 11.7 percent. Gsec market yield eased after RBI in its review restored the SLR levels back to 25 percent thus increasing demand for bonds. The 10- year benchmark 6.90 percent 2019 bond closed at a yield of 7.26 percent on 29th October On the corporate bond front, 5- year AAA paper was valued at a yield to maturity of 8.72 percent as on 29th October By maintaining status quo on all key policy rates and withdrawing some of the special accommodative stance RBI has signaled a pragmatic shift in monetary stance, since rising inflation has become a major concern. However with economic recovery still in the nascent stage and GDP for the current Fiscal retained at 6 percent with an upward bias, RBI may wait for further clarity on inflation before hiking the key policy rates. EQUITY REVIEW The BSE Sensex fell 7.2% in October and registered their biggest monthly fall in a year after they closed 1 per cent lower on the last trading day of the month. The market was volatile in this month and was sensitive to the profit booking, Q2 results, global cues and domestic economic data. Till Diwali the BSE Sensex and Nifty moved up only by 1.11% and 1.14% respectively and closed on 17th October 09 i.e. Muhurat Trading at and respectively. Post Diwali, both the indices fell sharply by around 8% in 9 trading sessions. The BSE 30-share Sensex fell points or 7.22% to in the month. The S&P CNX Nifty declined points or 7.31% to 4, The U.S. economy grew at 3.5% in the third quarter for the first time in a year as consumer spending and investment in new home building rebounded. Data showed unofficially ending the worst recession in 70 years. Corporate News: The major IPO, Indiabulls Power Ltd, which raised about $380 million in a heavily subscribed IPO, slumped as much as 22% on debut and could hit investors appetite for a long and growing IPO pipeline. However, Thinksoft Global, which got listed at Rs.100 has surged 120 per cent from its listing price on the Bombay Stock Exchange (BSE). The flat Q2 results of majors like Reliance Industries and Bharti Airtel brought down the stock prices heavily. The other index stocks to go down included DLF, Reliance Infrastructure, Hindalco and ICICI Bank with losses falling between 18.6% and 12.7%. Among the gainers were Tata Motors, Wipro, Sun Pharmaceutical, Grasim and Hindustan Unilever with gains between 3.2% and 0.9%. The other non-index stocks to go up included Crompton Greaves, Balrampur Chini, United Spirits, Dr Reddy's Laboratories, Ranbaxy Laboratories, PTC India and Voltas with gains between 10.4% and 3.1%. The biggest non-index loser was Aptech with a 31.0% loss. The other non-index stocks to go down included Ajmera Realty & Infra India, Reliance Natural Resources, Bank of India, Punj Lloyd, Dena Bank, Suzlon Energy and Ispat Industries with losses falling between 24.6% and 19.1%. Institutional Activities: The FIIs flow was moderate compare to the previous month. There was a net inflow of Rs 9077 crores during the month against the inflow of Rs crore in September 09. On the other hand, the domestic MFs turned net sellers with outflows of Rs crores during the month. Sector Performance: Except the FMCG all major sectoral indices posted negative monthly returns in this month. The FMCG posted positive returns of 8.30% where as the worst performers were Realty (-17.83%), Tech (-14.20%) and Oil & Gas (-11.04%). Even the Bankex and Auto who were the star performers in September 09 posted negative returns of 5.56% and 5.54% respectively. Macro Developments: linflation based on wholesale price index was estimated at 1.2% on October 10,2009 showing a 5.9% increase over the March 2009 level. RBI has raised its forecast of inflation to be at 3% as against 1.3% estimated earlier. lmid-term Review of RBI Monetary Policy: The review in the last week of October indicated the reversal of its accommodative monetary policy stance. Though the prime lending rates remained unchanged in this review, the SLR changed to 25%. lthe GDP growth projected to be 6% for the FY lthe core sector that constitute 26.7% in Index of Industrial Production registered a growth of only 4% after an impressive expansion of 7.8% in August mainly due to fall in the production of Coal and Cement. lthe country's foreign exchange reserve rose by $684 million to $ billion in the week ended 23/10/2009. lexports declined by 13.8% to $13.6 billion in September 2009 over September 2008, preliminary data showed on 29 October The fall in exports in September 2009 was the lowest in the current financial year, showing gradual signs of recovery in the country's export sector. OUTLOOK The second quarter results of around 2000 odd companies showed that the topline was flat but the bottom line was increased around 43% due to better management of funds available through the stimulus packages and reduction in operating cost. The economic data is indicating recovery. The Central Bank has chalked out its exit policy by way of measures like closure of special repo windows, reduction in Government Borrowings, and increase in the Risk weightage to real estate sector; signaling tightening of the large liquidity in the market. With economy recovering the second half of the FY10 seems to be better. Investment in at every dip would definitely fetch better returns in months to come. 3

4 SCHEMES Bond Fund G-Sec Fund Savings Plus Fund Children s Fund Launch Date 26th March 99 15th November 99 29th May 03 26th September 01 Objective To generate attractive returns for our investors by investing in quality debt securities and money market instruments. To generate steady and consistent returns for our investors by timing the government securities market. To generate income by investing in a portfolio of quality short term debt securities. To generate long term capital appreciation through judicious mix of quality debt & equity instrument at moderate risk levels through research based investments. Type - Gilt - Short Term Balanced Plans PF / Regular Options Growth Entry Load Exit Load Minimum Investment Rs. 5000/- Regular Plan: Rs. 5,000/- PF Plan: Rs /- Rs. 5000/- Rs. 5000/- Liquidity NAV Declaration Special Facilities Nomination Dividend Frequency Quarterly Quarterly Monthly / Daily / Weekly As and when available Liquid Fund Monthly Income Plan Unit Linked Insurance Scheme Floating Rate Fund - STP Launch Date 11th March 02 1st June / 03 19th June 89 15th March 2004 Objective To generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market and quality debt instruments To generate regular income by investing mainly in quality debt and money market instruments with some portion in equity/equity related instruments for long term capital appreciation. To generate long term capital appreciation and offer Tax rebate u/s 80 C as well as additional benefits of a life & insurance cover free accident insurance cover. To generate consistent returns by investing mainly in floating rate instruments/fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk for the investor. Type - Liquid Insurance linked tax saving - Floating Plans Single Premium-5/10 year term Regular Contribution-10/15 year term Options Monthly Div./Quarterly Div. Yearly Div./Growth Dividend Re-investment Entry Load Exit Load Minimum Investment Rs /- Rs. 5000/- Rs /- under Single Premium Rs. 1000/- under Regular Premiumyearly option, Rs. 100/- under Regular Premium - monthly option Rs. 5,000/- and thereafter in multiples of Rs. 500/-. Liquidity Redemption on all business days Redemption on all business days Redemption on all business days Redemption on all business days NAV Declaration On all days On all days Special Facilities STP SIP / STP Nomination Dividend Frequency Daily Monthly / Quarterly / Yearly As and when available Daily / Weekly 4

5 SNAPSHOT Index Fund Growth Fund Balanced Fund Fund 14th November 02 1st September 99 1st January 91 16th April 98 To provide capital growth by investing in index stocks. To provide capital growth by investing in a mix of equity instruments. To provide regular returns & capital appreciation according to the slection of the plan by investing in equities & debt. To obtain maximum possible maximum possible growth consistent with reasonable levels of safety and security by investing mainly in equities. - Index - Diversified Balanced - Diversified Sensex / Nifty / Sensex Advantage Rs. 2000/- Rs. 2000/- Rs. 1000/- Rs. 2000/- As and when available As and when available As and when available As and when available Opportunities Fund Tax Plan Floater MIP Income Plus Fund 31st January 2005 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 to time. - Diversified 1st January 1997 To provide capital growth alongwith tax rebate and tax relief u/s 80 C to our investors through Prudent Investments in the stock market. ELSS 21st September 2004 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 minimise the interest rate risk and at the same time aiming at generating capital appreciation in a long term by investing in equity / equity related instruments. Plan A / Plan B Monthly Div. / Quarterly Div. / Yearly Div. / Growth 28th May 2007 To provide reasonable possible current income - consistent with preservation of capital & providing liquidity from investing in a diversified portfolio of Short-Term Money Market & securities. Dividend Frequency : Daily / Weekly / Monthly Rs. 5000/- Rs. 500/- Rs. 5000/- Rs. 5,00,000/- Redemption on all business days Redemption on all business days STP As and when available As and when available Monthly / Quarterly / Yearly Daily / Weekly / Monthly SIP: Systematic Investment Plan; SWP: Systematic Withdrawal Plan; STP: Systematic Transfer Plan; AWOCA: Automatic Withdrawal of Capital Appreciation Note : SWP & AWOCA are available under growth options only. 5

6 LICMF LIQUID FUND An Open-ended Liquid Scheme Bonds / Debentures PORTFOLIO (as on 31/10/2009) Rating Mkt. Value (Rs. lakhs) WELSPUN GUJARAT STAHL ROHREN A I R F C AAA I C I C I BANK AAA P F C AAA BAJAJ HINDUSTAN F RANBAXY HOLDING A SIMPLEX INFRASTRUCTURES PR JAIPRAKASH ASSOCIATES PR TRAPTI TRADING & INVESTMENT PVT LTD A JINDAL STEEL & POWER A BAJAJ HINDUSTAN F L & T FINANCE PR HINDUSTTHAN NATIONAL GLASS & INDS PR ICICI SECURITIES P STERLITE OPTICAL TECHNOLOGIES P CENTURY TEXTILES F ALKEM LABORATORIES P MAGMA LEASING AA SHRIRAM TRANSPORT FINANCE AA ORIENT PAPERS & INDUSTRIES A DEWAN HOUSING FINANCE AA TGS INVESTMENT & TRADE A UNITED PHOSPHOROUS PR EMAMI PAPER MILLS LTD PR TRAPTI TRADING & INVESTMENT A LANCO INDUSTRIES PR COX AND KINGS PR MAGMA LEASING AA GENUS POWER INFRA F DIC INDIA LTD P BAJAJ ELECTRICALS P SREI INFRASTRUCTURE FINANCE AA NHB LOAN SECURITISATION TRUST SERIE P1+(SO) Commercial Paper RELIANCE CAPITAL A INDIABULLS FINANCIAL SERVICES P TATA CAPITAL A RELIGARE FINVEST A ICICI HOME FINANCE COMPANY A SHRIRAM TRANSPORT FINANCE F GARDEN SILK MILLS PR MAGMA FINCORP PR TATA MOTORS A R I L P MUNDRA PORT & SEZ A BHUSHAN STEEL & STRIPS PR MERCATOR LINES PR IL&FS INVESTSMART F FIRST LEASING PR ABG SHIPYARD PR BAJAJ AUTO FINANCE P PATEL ENGINEERING PR RAYMOND PR NATIONAL ENGINEERING INDUSTRIES LTD PR PORTFOLIO (as on 31/10/2009) Rating Mkt. Value (Rs. lakhs) Bank Deposits CENTRAL BANK OF INDIA BANK OF INDIA H D F C BANK AXIS BANK Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31/10/2009) : Rs Lakh NAV (Rs.) as on 31/10/2009: Dividend: ; Growth: Avg. Maturity (in month) : 1.90 Avg. Duration (in month) : 1.80 Expense Ratio (as on 31/10/2009) : 0.49% Month Gross Dividend Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct % Last 3 year 7.94% Since Inception ( ) 6.83% Benchmark Fund ~LX) Return () 6.28% Money Market & Other 36.35% Gross Dividend Certificate of Deposit ORIENTAL BANK OF COMMERCE P EXIM AAA ANDHRA BANK F I D B I BANK P CANARA BANK P Bank Deposits 10.64% P1, AA--, A+ or Equivalent 5.85% AAA, AA+, P1+ or Equivalent 47.15% 6

7 LICMF FLOATING RATE FUND - STP An Open-ended Income Fund Rating Market Value (Rs. in Lakhs) Bonds / Debentures VIDEOCON INDUSTRIES F USHA MARTIN PR TRAPTI TRADING & INVESTMENT PVT LTD A OSCAR INVESTMENTS A ALOK INDUSTRIES PR SHREE CEMENT LTD PR RANBAXY HOLDING A JINDAL STEEL & POWER A AMTEK AUTO PR JAIPRAKASH ASSOCIATES PR SUNDARAM FINANCE P TGS INVESTMENT & TRADE A INDIAN HUME PIPES CO LTD PR Commercial Paper RELIANCE CAPITAL A R I L P TELEVISION EIGHTEEN A1+(SO) RELIANCE COMMUNICATION PR INDIABULLS FINANCIAL SERVICES P ESSAR STEEL F AFCONS INFRASTRUCTURE P TATA MOTORS A FIRST LEASING PR MUNDRA PORT & SEZ A L&T INFRASTRUCTURE FINANCE A ADLABS FILMS A Certificate of Deposit VYSYA BANK P Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/ 10/2009) : Rs Lakhs Expense Ratio (as on 30/10/2009) : 0.54% Avg. Maturity (in month) : 6.57 Avg. Duration (in month) : 6.24 GROSS DIVIDEND DECLARED (Rs. Per Unit) Month Weekly Month Weekly Month Mar Feb Apr Mar May Apr Jun May Jul Jun Aug Jul Sep Aug Oct Sep Nov Oct Dec Nov Jan Dec Weekly Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Month Weekly Daily Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct NAV (Rs.) as on 30/10/2009: Daily Dividend : ; Weekly Dividend: ; Growth: % Last 3 year 8.56% Since Inception 7.22% Benchmark (C Fund ~LX) Return 6.27% LICMF SAVINGS PLUS FUND (An open-ended income scheme) Rating Mkt. Value (Rs. lakhs) Instruments WELSPUN GUJARAT STAHL ROHREN A PUNJ LLOYD AA JSW STEEL PR VIDEOCON INDUSTRIES F ALOK INDUSTRIES PR RANBAXY HOLDING A BHUSHAN STEEL & STRIPS PR RANBAXY HOLDING A JAIPRAKASH ASSOCIATES PR MUTHOOT FINANCE A BHUSHAN POWER AND STEEL PR REI AGRO PR L & T FINANCE PR TULIP IT SERVICES PR AMTEK AUTO PR OSCAR INVESTMENTS A SREI INFRASTRUCTURE FINANCE PR DECCAN CHRONICLE PR BIRLA TMT HOLDING P KOTAK SECURITIES A ALOK INDUSTRIES PR SUNDARAM FINANCE A ARCH PHARMALABS A ICICI SECURITIES P GRABAL ALOK IMPEX PR TRAPTI TRADING & INVESTMENT PVT LTD A NAMAN FINANCE AND INVESTMENT A COX AND KINGS PR MAGMA LEASING AA EMAMI PAPER MILLS LTD PR COX AND KINGS PR COX AND KINGS PR FENNER INDIA P Commercial Paper INDIABULLS FINANCIAL SERVICES P CHOLAMANDALAM DBS FINANCE A TATA MOTORS FINANCE A RELIGARE SECURITIES P RELIGARE FINVEST A ABG SHIPYARD PR HOUSING DEVELOPMENT FINANCE CORPN A RELIANCE CAPITAL A RELIANCE COMMUNICATION PR TATA CAPITAL A R I L P PUNJ LLOYD PR SAPOORJI PALLONJI A RELIANCE SECURITIES A1+(SO) FUTURE CAPITAL HOLDINGS PR BHUSHAN POWER AND STEEL F TATA MOTORS A BILT GRAPHIC PAPER F ADLABS FILMS A UNITED PHOSPHOROUS PR KEC INTERNATIONAL A SUNDARAM FINANCE P SUNDARAM FINANCE A RELIANCE SECURITIES A BALLARPUR INDUSTRIES F ESSAR STEEL F BAJAJ AUTO FINANCE P KEC INTERNATIONAL A TELCO CONSTRUCTION EQUIPMENT CO. A ESSAR SHIPPING PORTS & LOGISTICS PR MAGMA FINCORP PR INDIAN HUME PIPES CO LTD PR RAYMOND PR Certificate of Deposit I D B I BANK A VIJAYA BANK PR ALLAHABAD BANK A KARNATAKA BANK A VYSYA BANK P I D B I BANK P Bank Depoists BANK OF INDIA UNION BANK OF INDIA Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/ 10/2009) : Rs Lakh NAV (Rs.) as on 30/10/2009: Daily Dividend : ; Monthly Dividend: ; Weekly Dividend: ; Growth: Avg. Maturity (in month) : 5.37 Avg. Duration (in month) : 4.84 Expense Ratio (as on 30/10/2009) : 0.63% Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr-07 May-07 Jun DIVIDEND DECLARED (Dividend Option) Month Gross Div. (%) Monthly Weekly Daily Month Gross Div. (%) Monthly Weekly Daily Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct % Last 3 years 6.87% Since Inception 5.78% Benchmark (C Fund ~LX) Return 6.27% Money Market & Others 11.51% Bank Deposits 9.01% P1, AA--, A+ or Equivalent 20.72% AAA, AA+, P1+ or Equivalent 58.76% 7

8 LICMF MONTHLY INCOME PLAN EQUITY Rating Market Value (Rs. in Lakhs) B H E L R I L L & T JAIPRAKASH ASSOCIATES PETRONET LNG N M D C S B I BHARTI TELEVENTURE POWER GRID CORPORATION OF INDIA BANK OF BARODA TATA CONSULTANCY SERVICES INDIABULLS POWER TOTAL - EQUITY DEBT Rating Market Value (Rs. in Lakhs) PUNJ LLOYD AA SHRIRAM TRANSPORT FINANCE AA GSEC 6.05% 02/02/2019 AAA RURAL ELECTRIFICATION CORPORATION AAA GSEC 7.35% 22/08/2024 AAA FIRST LEASING PR RELIANCE CAPITAL A RELIANCE CAPITAL AAA TOTAL - DEBT Commercial Paper / Bank Deposits 0.00 Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/ 10/2009) : Rs Lakh NAV (Rs.) as on 30/10/2009 Monthly Income : ; Yearly Income : ; Quarterly : ; Growth : Avg. Maturity (in years) : 3.65 Avg. Duration (in years) : 3.29 Expense Ratio (as on 30/10/2009) : 1.88% An Open-ended Monthly Income Scheme w.e.f. 01/06/2003 LICMF INDIAVISION FUND A 36 months Close ended Fund with an automatic conversion into an Open ended scheme on expiry of 36 months from the date of allotment (15/01/2007). Mkt. Value (Rs. lakhs) GRASIM INDUSTRIES R I L B H E L POWER GRID CORPORATION OF INDIA L & T I D B I POWER TRADING CORPORATION OF INDIA TATA TEA YES BANK POWER FINANCE CORPORATION H C L TECHNOLOGIES INFRASTRUCTURE DEVELOPMENT FINANCE SUN PHARMACEUTICALS S A I L RANBAXY LABORATORIES DEEPAK FERTILISERS BHARTI TELEVENTURE PETRONET LNG BAJAJ HINDUSTAN S B I VOLTAS NAV (Rs.) as on 30/10/2009: Dividend: ; Growth: Expense Ratio (as on 30/10/2009) : 2.50% Since Inception -8.87% Benchmark (BSE 200) Return % 39.14% Month Frequency GrossDiv. (Rs/Unit) Jul-04 Monthly Aug-04 Monthly Sep-04 Monthly Sep-04 Quarterly Oct-04 Monthly Nov-04 Monthly Dec-04 Monthly Dec-04 Quarterly Jan-05 Monthly Feb-05 Monthly Mar-05 Monthly Mar-05 Quarterly Mar-05 Yearly Apr-05 Monthly May-05 Monthly Jun-05 Monthly Jun-05 Quarterly Jul-05 Monthly Aug-05 Monthly Sep-05 Monthly Sep-05 Quarterly Oct-05 Monthly Nov-05 Monthly Dec-05 Monthly Dec-05 Quarterly Jan-06 Monthly Feb-06 Monthly Mar-06 Monthly Mar-06 Quarterly % % 18.78% Last 3 years 8.81% Since Inception 10.17% Benchmark (C MiPex) Return () 19.28% DIVIDEND DECLARED Month Frequency GrossDiv. (Rs/Unit) Mar-06 Yearly Apr-06 Monthly May-06 Monthly Jun-06 Monthly Jun-06 Quarterly Jul-06 Monthly Aug-06 Monthly Sep-06 Monthly Sep-06 Quarterly Oct-06 Monthly Nov-06 Monthly Dec-06 Monthly Dec-06 Quarterly Jan-07 Monthly Feb-07 Monthly Mar-07 Monthly Mar-07 Quarterly Mar-07 Yearly Apr-07 Monthly May-07 Monthly Jun-07 Monthly Jun-07 Quarterly Jul-07 Monthly Aug-07 Monthly Sep-07 Monthly Sep-07 Quarterly Oct-07 Monthly Nov-07 Monthly Dec-07 Monthly % Month Frequency GrossDiv. (Rs/Unit) Dec-07 Quarterly Jan-08 Monthly Feb-08 Monthly Mar-08 Monthly Mar-08 Quarterly Mar-08 Yearly Apr-08 Monthly May-08 Monthly Jun-08 Monthly Jul-08 Monthly Aug-08 Monthly Spet-08 Monthly Sep-08 Quarterly Oct-08 Monthly Nov-08 Monthly Dec-08 Monthly Jan-09 Monthly Feb-09 Monthly Mar-09 Monthly Apr-09 Monthly Apr-09 Yearly May-09 Monthly May-09 Quarterly Jun-09 Monthly Jun-09 Quarterly Jul-09 Monthly Aug-09 Monthly Sep-09 Monthly Sep-09 Quarterly Mkt. Value (Rs. Lakhs) N M D C A C C JYOTI STRUCTURES LTD HINDALCO TATA CONSULTANCY SERVICES RELIANCE COMMUNICATION RELIANCE CAPITAL RELIANCE POWER LTD JAIPRAKASH ASSOCIATES INDIABULLS POWER 6.23 Total GSEC 7.35% 22/06/2024 AAA RELIANCE CAPITAL A TOTAL - DEBT Commercial Paper / Bank Deposits Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/10/2009) : Rs Lakh 8

9 LICMF FLOATER MIP An Open-ended income Scheme Rating Mkt. Value (Rs. lakhs) L & T POWER GRID CORPORATION OF INDIA PETRONET LNG I D B I VOLTAS RELIANCE COMMUNICATION BHARTI TELEVENTURE POWER TRADING CORPORATION OF INDIA BAJAJ HINDUSTAN G A C L YES BANK INFRASTRUCTURE DEVELOPMENT FINANCE HUL Bonds / Debenture PUNJ LLOYD AA GSEC 6.05% 02/02/2019 AAA SHRIRAM TRANSPORT FINANCE AA RURAL ELECTRIFICATION CORPORATION AAA FIRST LEASING PR RELIANCE CAPITAL A RELIANCE CAPITAL AAA Commercial paper 0.00 Bank Deposits 0.00 Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/10/2009) : Rs Lakhs NAV (Rs.) as on 30/10/2009 Monthly Income : ; Yearly Income : ; ; Quarterly : Growth : Expense Ratio (as on 30/10/2009) : 1.38% Avg. Maturity (in month) : Avg. Duration (in month) : % Last 3 years 10.21% Since Inception 10.46% Benchmark (C MiPex) Return - last 1 year 19.28% Month Frequency Gross Div. (Rs/Unit) Sep-05 Quarterly Oct-05 Monthly Nov-05 Monthly Dec-05 Monthly Dec-05 Quarterly Jan-06 Monthly Feb-06 Monthly Mar-06 Monthly Mar-06 Quarterly Mar-06 Yearly Apr-06 Monthly May-06 Monthly Jun-06 Monthly Jun-06 Quarterly Jul-06 Monthly Aug-06 Monthly Sep-06 Monthly Sep-06 Quarterly Oct-06 Monthly ) Nov-06 Monthly Dec-06 Monthly Dec-06 Quarterly Jan-07 Monthly % % Month Frequency Gross Div. (Rs/Unit) Feb-07 Monthly Mar-07 Monthly Mar-07 Quarterly Mar-07 Yearly Apr-07 Monthly May-07 Monthly Jun-07 Monthly Jun-07 Quarterly Jul-07 Monthly Aug-07 Monthly Sep-07 Monthly Sep-07 Quarterly Oct-07 Monthly Nov-07 Monthly Dec-07 Monthly Dec-07 Quarterly Jan-08 Monthly Feb-08 Monthly Mar-08 Monthly Mar-08 Quarterly Mar-08 Yearly Apr-08 Monthly May-08 Monthly Month 11.23% Frequency Gross Div. (Rs/Unit) Jun-08 Monthly Jun-08 Quarterly Jul-08 Monthly Aug-08 Monthly Sep-08 Monthly Sep-08 Quarterly Oct-08 Monthly Nov-08 Monthly Dec-08 Monthly Jan-09 Monthly Feb-09 Monthly Mar-09 Monthly Apr-09 Monthly Apr-09 Quarterly Apr-09 Yearly May-09 Monthly May-09 Quarterly Jun-09 Monthly Jun-09 Quarterly Jul-09 Monthly Aug-09 Monthly Sep-09 Monthly Sep-09 Quarterly LICMF INFRASTRUCTURE FUND A 36 months Close ended Fund with an automatic conversion into an Open ended scheme on expiry of 36 months from the date of allotment (24/03/2008). Mkt. Value (Rs. lakhs) R I L L & T S B I S A I L G A I L POWER FINANCE CORPORATION H D F C O N G C SIEMENS JAIPRAKASH ASSOCIATES B H E L POWER GRID CORPORATION OF INDIA BHARTI TELEVENTURE A B B I C I C I BANK IDEA CELLULAR UNITECH NEYVELI LIGNITE CORPORATION INFRASTRUCTURE DEVELOPMENT FINANCE DLF INDIA CEMENTS V S N L RELIANCE INFRASTRUCTURE MUNDRA PORT & SEZ N T P C H D F C BANK BHARAT ELECTRONICS CAIRN INDIA G A C L GAMMON INDIA NAV (Rs.) as on 30/10/2009: Dividend: ; Growth: Expense Ratio (as on 30/10/2009) : 2.21% 64.04% Since Inception -8.86% Benchmark (BSE 100) Return % Mkt. Value (Rs. Lakhs) TATA POWER STERLITE INDUSTRIES M U L S C I L CENTURY TEXTILES T I S C O RELIANCE COMMUNICATION MADRAS CEMENT CROMPTON GREAVES PUNJ LLOYD G E SHIPPING SUZLON ENERGY OIL INDIA ESSAR SHIPPING N H P C RURAL ELECTRIFICATION CORPORATION UNION BANK OF INDIA BANK OF BARODA INDIAN HOTELS INDIABULLS POWER Total TOTAL - DEBT 0.00 Commercial Paper / Bank Deposits Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/10/2009) : Rs Lakh 3.46% 96.54% 9

10 LICMF BALANCED FUND An Open-ended Balanced Scheme EQUITY Mkt. Value (Rs. lakhs) I D B I POWER GRID CORPORATION OF INDIA G A C L BHARTI TELEVENTURE JYOTI STRUCTURES LTD RANBAXY LABORATORIES RELIANCE COMMUNICATION YES BANK HUL L & T POWER TRADING CORPORATION OF INDIA POWER FINANCE CORPORATION S A I L TATA CONSULTANCY SERVICES HINDALCO INFRASTRUCTURE DEVELOPMENT FINANCE PETRONET LNG ANDHRA BANK UCO BANK INDIABULLS POWER 1.73 Total DEBT Rating Mkt. Value (Rs. lakhs) GSEC 6.05% 02/02/2019 AAA GSEC 7.35% 22/06/2024 AAA NAV (Rs.) as on 30/10/2009 : Dividend: ; Growth: Expense Ratio (as on 30/10/2009) : 2.16% Avg. Maturity (in years) : 9.75 Avg. Duration (in years) : 8.77 Last 3 years 36.43% 3.91% Since Inception 7.17% Benchmark (C BalanceEx) Return () 54.37% Month Dividend Nov % Mar % Aug % Nov % Feb % Apr % Sep % Jan % Oct % % 2.98% TOTAL - DEBT Cash n Call, Current Assets & Receivables % TOTAL FUND (as on 30/10/2009) : Rs Lakh LICMF CHILDREN S FUND An Open-ended Balanced Scheme for Children Rating Mkt. Value (Rs. lakhs) Avg. Maturity (in month) : 0.00 Avg. Duration (in month) : 0.00 S B I R I L ADANI ENTERPRISES ADLABS FILMS I F C I RELIANCE INFRASTRUCTURE JAIPRAKASH ASSOCIATES RELIANCE CAPITAL RANBAXY LABORATORIES RELIANCE COMMUNICATION 7.04 ADLABS FILMS 0.00 SHRIRAM TRANSPORT FINANCE Total Total 0.00 Commercial Paper/ Bank Deposits Cash n Call, Current Assets & Receivables Expense Ratio (as on 30/10/2009) : 2.19% 43.33% Last 3 years % Since inception (12/11/2001) -0.30% Benchmark (C BalanceEx ) Return 54.37% 23.33% TOTAL FUND (as on 30/ 10/2009) : Rs Lakh NAV (Rs.) as on 30/10/2009 : % 10

11 LICMF BOND FUND An Open-ended Scheme DEBT Rating Mkt. Value (Rs.Lakhs) I R F C AAA I O C L AA RURAL ELECTRIFICATION CORPORATION AAA I C I C I BANK AAA S A I L AAA(SO) H U D C O AA CITI BANK AAA GSEC 8.33% 2036 AAA GSEC 6.05% 02/02/2019 AAA JET AIRWAYS (JUS TRUST PTC) AAA(SO) DEVELOMENT CREDIT BANK A BOB HOUSING FINANCE(PTC NHB) AAA(SO) ANDHRA BANK PTC (NHB) AAA(SO) COMMERCIAL PAPER/ BANK DEPOSIT Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/10/2009) : Rs Lakh Month Gross Div. (%) Month Gross Div. (%) May % Oct % Nov % Jan % Mar % Mar % Jul % Jul % Nov % Oct % Mar % Jan % Jul % Oct % Mar % Jan % Jul % Jun % Oct % Sep % Jan % Dec % Mar % Mar % Jul % Jun % Oct % Sep % Jan % Dec % Mar % Mar % Jul % Jul % Oct % 12.76% Last 3 years 8.60% Since inception ( ) 9.18% Benchmark (C CompBex) Return () 9.61% PORTFOLIO RATING ANALYSIS Money Market 15.31% AAA 45.69% NAV (Rs.) as on 30/10/2009: Dividend: ; Growth: Avg. Maturity (in years) : 4.43 Avg. Duration (in years) : 3.99 Expense Ratio (as on 30/10/2009) : 1. 50% AA, AA-, A, PR1+(SO) & Others 18.00% AA % AAA (SO) 10.11% GSEC 7.95% 2032 AAA GSEC 7.95%2032 AAA GSEC 8.33% 2036 AAA GSEC 6.05% 02/02/2019 AAA RURAL ELECTRIFICATION CORPORATION AAA GSEC 8.24% 2027 AAA Commercial Paper / Bank Deposit Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/10/2009) : Rs Lakh LICMF G-SEC FUND An Open-ended Gilt Scheme Securities Rating Mkt. Value (Rs. Lakhs) Month Gross Div. (%) Month Gross Div. (%) Mar % May % Nov % Mar % Jul % Nov % Mar % Jul % Oct % Jan % Apr % Jun % Sep % Dec % Mar % Jun % Sep % Mar % Jul % Oct % NAV (Rs.) as on 30/ 10/2009 Reg.: Reg.Gr.: ; PF-Div ; PF-Gr. : Avg. Maturity (in years) : Avg. Duration (in years) : Expense Ratio (as on 30/10/2009) : 1.39% 0.18% Last 3 years 4.79% Since inception ( ) 7.98% Benchmark (I Sec Composite Gilt) Return 8.35% 11

12 LICMF OPPORTUNITIES FUND An Open-ended Growth Scheme Mkt. Value (Rs. Lakh) R I L L & T S A I L N T P C S B I O N G C H D F C G A I L RELIANCE INFRASTRUCTURE POWER GRID CORPORATION OF INDIA B H E L I C I C I BANK BHARTI TELEVENTURE POWER TRADING CORPORATION OF INDIA A C C H D F C BANK PETRONET LNG RELIANCE COMMUNICATION T I S C O SIEMENS POWER FINANCE CORPORATION JAIPRAKASH ASSOCIATES CONCOR I O C L I T C INFRASTRUCTURE DEVELOPMENT FINANCE NDTV Ltd HUL TATA POWER A B B V S N L ABAN OFFSHORE S C I L G A C L RANBAXY LABORATORIES CAIRN INDIA PUNJ LLOYD ADITYA BIRLA NUVO MUNDRA PORT & SEZ M U L IDEA CELLULAR NEYVELI LIGNITE CORPORATION STERLITE INDUSTRIES G E SHIPPING LICMF EQUITY FUND An Open-ended Scheme TOTAL FUND (as on 30/10/2009) : Rs Lakh NAV (Rs.) as on 30/10/2009: Dividend: ; Growth: Expense Ratio (as on 30/10/2009) : 2.12% Month Dividend Feb % Oct % Nov % Mkt. Value (Rs. Lakh) 59.22% Last 3 year 0.20% Since Inception 10.72% Benchmark (BSE-200) Return 82.93% Mkt. Value (Rs. Lakh) R I L N T P C L & T H D F C JAIPRAKASH ASSOCIATES S B I B H E L S A I L PETRONET LNG KOTAK MAHINDRA BANK RELIANCE INFRASTRUCTURE O N G C G A I L BHARTI TELEVENTURE I C I C I BANK TATA MOTORS I F C I TATA POWER V S N L CAIRN INDIA SIEMENS I T C H D F C BANK I O C L DLF M U L A B B HUL RANBAXY LABORATORIES IDEA CELLULAR POWER GRID CORPORATION OF INDIA PUNJAB NATIONAL BANK G A C L RELIGARE ENTERPRISES NEYVELI LIGNITE CORPORATION UNITECH ADITYA BIRLA NUVO MUNDRA PORT & SEZ ORIENTAL BANK OF COMMERCE MADRAS CEMENT STERLITE INDUSTRIES INDIAN HOTELS CIPLA SUZLON ENERGY BANK OF BARODA ESSAR SHIPPING TATA MOTORS BANK OF BARODA UNITECH MADRAS CEMENT SUZLON ENERGY RURAL ELECTRIFICATION CORPORATION OIL INDIA INDIAN HOTELS UNION BANK OF INDIA N H P C 7.40 INDIABULLS POWER 6.23 SATYAM COMPUTER SERVICES 5.11 VIJAYA BANK 4.39 Total Total Cash n Call, Current Assets & Receivables Mkt. Value (Rs. Lakh) I D B I RURAL ELECTRIFICATION CORPORATION OIL INDIA AXIS BANK RELIANCE COMMUNICATION UNION BANK OF INDIA POWER TRADING CORPORATION OF INDIA N H P C 8.88 VIJAYA BANK 6.58 INDIABULLS POWER 6.23 SATYAM COMPUTER SERVICES 5.11 Total Total 0.00 Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/10/2009) : Rs Lakh 71.07% Last 3 years 4.83% Since Inception 9.35% Benchmark (Sensex) Return 75.49% Expense Ratio (as on 30/10/2009) : 2.03% NAV (Rs.) as on 30/10/2009: Dividend: ; Growth: Month Dividend Mar % Mar % Nov % Oct % Nov % 4.69% 93.51% 12

13 LICMF INDEX FUND An Open-ended Index Linked Scheme NIFTY PLAN - R I L INFOSYS TECHNOLOGIES L & T I C I C I BANK H D F C I T C S B I H D F C BANK O N G C BHARTI TELEVENTURE B H E L TATA CONSULTANCY SERVICES HUL T I S C O STERLITE INDUSTRIES JINDAL STEEL & POWER TATA POWER AXIS BANK M U L WIPRO N T P C M & M G A I L GRASIM INDUSTRIES RELIANCE INFRASTRUCTURE JAIPRAKASH ASSOCIATES HERO HONDA MOTORS CIPLA INFRASTRUCTURE DEVELOPMENT FINANCE TATA MOTORS DLF HINDALCO RELIANCE COMMUNICATION PUNJAB NATIONAL BANK CAIRN INDIA UNITECH SUN PHARMACEUTICALS S A I L RELIANCE CAPITAL IDEA CELLULAR A B B SIEMENS A C C G A C L B P C L H C L TECHNOLOGIES POWER GRID CORPORATION OF INDIA RANBAXY LABORATORIES RELIANCE POWER LTD SUZLON ENERGY Total Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/10/2009) : Rs Lakh NAV (Rs.) as on 30/10/2009: Dividend: ; Growth: Expense Ratio (as on 30/10/2009) : 1.50% 64.64% Last 3 years 3.37% Since Inception 16.45% Benchmark NSE - Nifty Return () 74.43% SENSEX PLAN Mkt. Value (Rs. lakhs) Mkt. Value (Rs. lakhs) R I L INFOSYS TECHNOLOGIES I C I C I BANK L & T H D F C I T C S B I H D F C BANK O N G C BHARTI TELEVENTURE B H E L HUL TATA CONSULTANCY SERVICES T I S C O STERLITE INDUSTRIES N T P C TATA POWER M U L M & M SENSEX PLAN Mkt. Value (Rs. lakhs) WIPRO DLF HERO HONDA MOTORS RELIANCE INFRASTRUCTURE GRASIM INDUSTRIES JAIPRAKASH ASSOCIATES TATA MOTORS HINDALCO RELIANCE COMMUNICATION SUN PHARMACEUTICALS A C C Total Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/10/2009) : Rs Lakh NAV (Rs.) as on 30/10/2009: Dividend: ; Growth: Expense Ratio (as on 30/10/2009) : 1. 45% s 72.74% Last 3 years 1.98% Since Inception 18.68% Benchmark BSE - Sensex Return (s) 75.49% SENSEX ADVT. PLAN Mkt. Value (Rs. lakhs) Equtiy R I L INFOSYS TECHNOLOGIES BHARAT ELECTRONICS I C I C I BANK L & T I T C H D F C S B I H D F C BANK O N G C BHARTI TELEVENTURE B H E L HUL TATA CONSULTANCY SERVICES 9.96 T I S C O 9.20 STERLITE INDUSTRIES 9.10 N T P C 8.49 S A I L 8.23 NDTV Ltd 8.09 TATA POWER 7.37 UNITECH 6.58 M U L 6.45 M & M 6.15 SUZLON ENERGY 6.02 WIPRO 5.78 INDIA CEMENTS 5.52 HERO HONDA MOTORS 5.03 RELIANCE INFRASTRUCTURE 5.01 DLF 4.99 INFRASTRUCTURE DEVELOPMENT FINANCE 4.86 JAIPRAKASH ASSOCIATES 4.68 GRASIM INDUSTRIES 4.67 TATA MOTORS 4.42 RELIANCE COMMUNICATION 4.25 HINDALCO 4.21 SUN PHARMACEUTICALS 3.77 ADITYA BIRLA NUVO 3.16 RANBAXY LABORATORIES 3.09 A C C 2.50 Total Cash n Call, Current Assets & Receivables TOTAL FUND (as on 30/10/2009) : Rs Lakh NAV (Rs.) as on 30/10/2009: Dividend: ; Growth: Expense Ratio (as on 30/10/2009) : 1.02% 67.47% Last 3 years 1.14% Since Inception 18.07% Benchmark BSE - Sensex Return () 75.49% Month Dividend (%) Nifty Sensex Sensex Advt. Nov Jan Aug Nov Jan Feb Nov Feb Mar Mar

14 LICMF GROWTH FUND An Open-ended Growth Scheme Mkt. Value (Rs. Lakh) L & T R I L O N G C G A I L H D F C BANK S B I B H E L H D F C CONCOR RELIANCE INFRASTRUCTURE I C I C I BANK POWER FINANCE CORPORATION BHARTI TELEVENTURE POWER TRADING CORPORATION OF INDIA N T P C NEYVELI LIGNITE CORPORATION S A I L TATA CHEMICALS A B B I T C DLF JAIPRAKASH ASSOCIATES T I S C O B E M L SIEMENS ELDER PHARMACEUTICALS PUNJAB NATIONAL BANK TATA MOTORS S C I L PETRONET LNG V S N L HUL G E SHIPPING PUNJ LLOYD RELIGARE ENTERPRISES ADITYA BIRLA NUVO IDEA CELLULAR RANBAXY LABORATORIES MUNDRA PORT & SEZ APOLLO HOSIPTALS & ENTERPRISES MADRAS CEMENT G A C L RELIANCE COMMUNICATION POWER GRID CORPORATION OF INDIA CAIRN INDIA ESSAR SHIPPING AXIS BANK SUZLON ENERGY BANK OF BARODA INFRASTRUCTURE DEVELOPMENT FINANCE RURAL ELECTRIFICATION CORPORATION OIL INDIA LICMF TAX PLAN An Open-ended ELSS TOTAL FUND (as on 30/10/2009) : Rs Lakh 80.99% Last 3 year 6.07% Since Inception 9.82% Benchmark (Sensex) Return - last 1 year 75.49% Mkt. Value (Rs. Lakh) UNITECH UNION BANK OF INDIA N H P C 7.40 INDIABULLS POWER 6.23 SATYAM COMPUTER SERVICES 5.11 Total Total Commercial Paper / Bank Deposit Cash n Call, Current Assets & Receivables NAV (Rs.) as on 30/10/2009: DIVIDEND: ; GROWTH: Expense Ratio (as on 30/10/2009) : 1.98% Month Dividend Oct % 2.67% 97.33% Market Value (Rs. in Lakhs) S A I L R I L O N G C L & T T I S C O I T C S B I H D F C RELIANCE INFRASTRUCTURE RELIANCE COMMUNICATION BHARTI TELEVENTURE B H E L HUL V S N L TATA MOTORS I C I C I BANK IDEA CELLULAR A B B M U L H D F C BANK DLF CENTURY TEXTILES ADITYA BIRLA NUVO RANBAXY LABORATORIES G A C L NDTV Ltd KOTAK MAHINDRA BANK JAIPRAKASH ASSOCIATES RELIGARE ENTERPRISES STERLITE INDUSTRIES SIEMENS G A I L POWER FINANCE CORPORATION MADRAS CEMENT MUNDRA PORT & SEZ ESSAR SHIPPING SUZLON ENERGY UNITECH UNION BANK OF INDIA CAIRN INDIA BANK OF BARODA RURAL ELECTRIFICATION CORPORATION POWER GRID CORPORATION OF INDIA 8.24 OIL INDIA 7.03 TOTAL FUND (as on 30/10/2009) : Rs Lakh Expense Ratio (as on 30/10/2009) : 1. 90% Month Dividend Mar % Mar % Aug % Mar % Oct % May % Oct % Mkt. Value % (Rs. Lakh) Contribution N H P C 4.15 INDIAN HOTELS 3.69 SATYAM COMPUTER SERVICES 3.07 INDIABULLS POWER 2.77 Total Total Commercial Paper / Bank Deposit 0.00 Cash n Call, Current Assets & Receivables NAV (Rs.) as on 30/10/2009; Dividend: ; Growth: Last 3 years 60.19% 0.04% Since Inception 7.96% Benchmark (Sensex) Return 75.49% 3.47% 96.53% 14

15 LICMF UNIT LINKED INSURANCE SCHEME An Open-ended Insurance linked Tax Saving Scheme EQUITY Rating Market Value (Rs. in Lakhs) R I L BHARTI TELEVENTURE BHARAT ELECTRONICS L & T JAIPRAKASH ASSOCIATES B H E L POWER GRID CORPORATION OF INDIA TATA TEA CIPLA O N G C H D F C RELIANCE COMMUNICATION SIEMENS G A C L S B I BAJAJ HINDUSTAN G A I L TATA MOTORS N M D C S A I L DEEPAK FERTILISERS PUNJAB NATIONAL BANK INDIABULLS POWER 6.23 TOTAL - EQUITY TOTAL FUND (as on 30/ 10/2009) : Rs Lakh NAV (Rs.) as on 30/10/2009 : Avg. Maturity (in years) : 4.75 Avg. Duration (in years) : 4.28 Expense Ratio (as at 30/10/2009) : 2. 50% Rating Market Value (Rs. in Lakhs) Bonds / Debentures I C I C I BANK AAA ALOK INDUSTRIES PR BAJAJ HINDUSTAN F DECCAN CHRONICLE PR RANBAXY HOLDING A REI AGRO PR OSCAR INVESTMENTS A TGS INVESTMENT & TRADE A ALOK INDUSTRIES PR JINDAL STEEL & POWER A ICICI SECURITIES P SREI INFRASTRUCTURE FINANCE PR BHUSHAN STEEL & STRIPS PR MUTHOOT FINANCE A TATA MOTORS A BAJAJ HINDUSTAN F L & T FINANCE PR AMTEK AUTO PR ARCH PHARMALABS F JAIPRAKASH ASSOCIATES PR MAGMA LEASING AA FIRST LEASING PR TURQUOISE INVESTMENT P RANBAXY HOLDING A KOTAK MAHINDRA INVESTMENTS A SHREE CEMENT LTD PR TANTIA CONSTRUCTIONS PR COX AND KINGS PR COX AND KINGS PR TRAPTI TRADING & INVESTMENT A SHRIRAM TRANSPORT FINANCE AA COX AND KINGS PR MAGMA LEASING AA Commercial Paper TATA MOTORS FINANCE A INDIABULLS FINANCIAL SERVICES P RELIANCE CAPITAL A RELIGARE SECURITIES P RELIGARE FINVEST A RELIANCE COMMUNICATION PR ESSAR STEEL F CHOLAMANDALAM DBS FINANCE A R I L P ICICI SECURITIES P ADLABS FILMS A TATA MOTORS A SAPOORJI PALLONJI A AFCONS INFRASTRUCTURE P BHUSHAN POWER AND STEEL F SUNDARAM FINANCE A TATA CAPITAL A RELIANCE SECURITIES A MAGMA FINCORP PR ESSAR SHIPPING PORTS & LOGISTICS PR PUNJ LLOYD PR IDFC A PATEL ENGINEERING PR BAJAJ AUTO FINANCE P BILT GRAPHIC PAPER F ELECON ENGINEERING COMPANY PR TELEVISION EIGHTEEN A1+(SO) H C C PR J K PAPER A PAREKH ALUMINEX PR AMALGMATED BEAN COFEE TRADING CO. PR Certificate of Deposit I D B I BANK A CENTRAL BANK OF INDIA PR VIJAYA BANK PR ALLAHABAD BANK A Avg. Maturity (in months) : 5.14 Avg. Duration (in months) : 4.88 DEBT Rating Market Value (Rs. in Lakhs) GSEC 6.05% 02/02/2019 AAA PUNJ LLOYD AA GSEC 7.35% 22/06/2024 AAA SHRIRAM TRANSPORT FINANCE AA RELIANCE CAPITAL A TOTAL - DEBT Commercial Paper 0.00 TOTAL - Commercial Paper Cash n Call, Current Assets & Receivables % Last 3 years 2.09% Since Inception 11.50% Benchmark (C BalanceEx) Return () 54.37% DIVIDEND RECORD Year Rate % % % (18 months) 15.00% % % % % 0.27% % LICMF INCOME PLUS FUND An Open-ended Scheme Year Rate % % % % % % % % Rating Market Value (Rs. in Lakhs) TOTAL FUND (as on 30/10/2009) : Rs Lakh 6.94% Since Inception 8.24% Benchmark (C Fund ~ LX) Return - last 1 year 6.27% NAV (Rs.) as on 30/10/2009 Daily Dividend : Weekly Dividend : Monthly Dividend : Growth : Expense Ratio (as on 30/10/2009) : 0.47% DIVIDEND DECLARED Month Daily Weekly Monthly Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct % INDIAN BANK F FEDERAL BANK P YES BANK A I C I C I BANK A VYSYA BANK P STATE BANK OF HYDERABAD A CORPORATION BANK P KARNATAKA BANK A CANARA BANK A SMALL IND. DEV BANK OF INDIA PR Bank Deposits I C I C I BANK Cash n Call, Current Assets & Receivables Money Market & Others Bank Deposits 16.75% 1.95% P1, AA--, A+ or Equivalent 18.54% AAA, AA+, P1+ or Equivalent 62.77% 15