June,

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1 June, Nature of Scheme: An Open Ended Index Linked Scheme. Investment Objective: 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. Asset Allocation Pattern: (Index Stocks): Upto 100%, (Outside Index Stocks only for Sensex Advantage Plan): 10 20% Money Market: Upto 10% Entry Load: Exit Load: from date of allotment of units. Plans: The scheme offers investors to choose between a) Sensex Plan b) Nifty Plan and c) Sensex Advantage Plan Options: The scheme offers two options viz. Dividend & Growth. Under Dividend Option, the investor can choose either dividend payout or dividend reinvestment. Sale Price: At applicable NAV declared on all Business Days. Minimum Investment: Rs.2000/- and thereafter in multiples of Re.1/- NAV Declaration: NAV calculated upto 4 decimal places and declared on all Business Days. Liquidity: The scheme has no lock-in period. Units for repurchase will be available on an ongoing basis, on all Business Days except during book closure, if any Benchmark: Sensex Plan & Sensex Advantage Plan - BSE Sensex Nifty Plan NSE Nifty Tax Benefits: Capital Gains Tax Benefits available u/s 48 and 112 of Income Tax Act, 1961 Preset Trigger Option: Nomination Facility: Risk Factors: Mutual Funds and Securities Investments are subject to market risks and there is no assurance and no guarantee that the objectives of the Mutual Fund will be achieved. As with any investment in stocks and shares, the NAV of the units issued under the scheme can go up or down depending on the factors and forces affecting the capital markets. Past performance of the Sponsor / AMC / Mutual Fund does not indicate the future performances of the schemes of the Mutual Fund. The Sponsor is not responsible for or liable to any loss resulting from the operations of the scheme beyond their initial contribution of Rs.2 Cr towards the setting up of the Mutual Fund. LICMF Index Fund Sensex Plan - Nifty Plan - Sensex Advantage Plan is the name of the scheme and does not indicate either the quality of the scheme, its future prospects or returns. The NAV of the units of the scheme may be affected by changes in general level of interest rates. Please read the Scheme Information Document, Statement of Additional Information and KIM carefully before investing. Statutory Details: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. LIC Mutual Fund Asset Management Company Ltd. is the Investment Manager to the Fund.

2 Scheme Highlights : LICMF EQUITY FUND Objective: To obtain maximum possible growth consistent with reasonable level of safety and security by investing mainly in equities. Minimum Investment : Rs.2000/- Exit Load :. Scheme Performance : Scheme Name Annualised Return (%) as on Mths 6 Mths 1 Yr 3 Yrs Since Inception LICMF Fund - (G) Sensex S I P Series 5 - LICMF EQUITY FUND : Invest Smartly NAV Date Sensex NAV Monthly Accumulated Units Unit Value of Mr. A s Return Benchmark Level SIP Investment Purchase Accumulated Investment SIP Return 4-Mar ,000 2, , Apr ,000 3, , May ,000 4, , Jun ,000 5, , Jul ,000 6, , Aug ,000 7, , Sep ,000 8, , Oct ,000 9, , Nov ,000 10, , Dec ,000 11, , Jan ,000 12, , Feb ,000 13, , Mar ,000 14, , Apr ,000 15, , May ,000 16, , Jun ,000 17, , Jul ,000 18, , Aug ,000 19, , , Sep ,000 20, , , Oct ,000 21, , , Nov ,000 22, , , Dec ,000 23, , , Jan ,000 24, , , Feb ,000 25, , , Mar ,000 26, , , Apr ,000 27, , , May ,000 28, , , Jun ,000 29, , , , With an initial investment, in LICMF, of Rs.2000 and monthly SIP of Rs.1000 over a span of more than 2 year returned 18.69% compared to 10.29% over its benchmark Sensex. LICMF Fund is recommended to investors for long-term investments horizon. An actively managed portfolio provides a lever to gain from the sector specific and stock specific movements. Mutual Fund Investments are subject to market risks. Please read the scheme information document carefully before investing. Past performance may or may not be sustained in future. 2

3 Market Review DEBT MARKET REVIEW Liquidity was at ease and call rates were soft through out the period, except at the end of the month on account of 3G auction payment of around Rs 67,000 crore which drained excess liquidity in the system leading to a sharp rise in overnight rates. Call rates which were hovering around the reverse-repo levels most part of the month was trading in the wide range of percent at the end of month in spite of the ad hoc measure announced by RBI to counter the temporary liquidity pressure. Yield on the new 10-year benchmark bond 7.80 percent 2020, ended at 7.56 percent, one basis higher than previous close. The second most traded 8.20 percent GOI 2022 closed at 7.85%, 14 basis point lower than previous month's close. On the corporate bond front, the 10-year Reuter AAA benchmark bond closed at 8.69(Spread=95.80 bps) percent on against 8.74 (52.52) percent at start of month. The yield spreads of corporate bonds widened on high-risk aversions in the face of mounting euro concerns resulting in investors taking refuge in safer havens like Gold and Government securities. The risk aversion was evident from shrinking G-sec yield and gold hitting an all time Rs. 18,648 rupees hit on May 26. Indians economy grew by 7.4 percent in FY , against 6.7 percent in , driven by increased government and consumer spending. GDP for March quarter grew by 8.6 percent for March quarter, its fastest in six months. Industrial output in March grew in double digits for the sixth straight month, rising an annual 13.5 percent, providing further evidence of a strong rebound in the economy. The Government expects the economy to grow by 8.5 percent in the current fiscal. The Headline inflation, as measured by the wholesale price index, rose 9.59 percent in April 2010, compared to 9.90 percent rise in March and 1.31 percent a year ago. Headline wholesale price index (WPI) inflation accelerated from 1.5 per cent in October 2009 to 9.59 per cent by April 2010 The rise was mainly driven by higher fuel and food prices. Consumer price index (CPI) rose percent in April as against percent in March. We expect liquidity to remain soft except for few days in mid-june when companies begin to pay their first installment of advance taxes. Robust GDP and IIP figures have given enough room for RBI to act against rising Inflation. But, given the current Global uncertainty, RBI will tighten policy rate in a calibrated manner. EQUITY REVIEW The bears dominated the Indian equity market in May 2010 and the broader indices like Sensex and Nifty posted negative returns of 3.50 per cent and 3.63 per cent respectively. In the volatile trade during the month, Sensex fell by points and closed at levels where as the Nifty fell by points and closed at levels on 31st May During the month, FMCG and Oil sectors were top performers with positive returns of 3.57% and 2.59% respectively. The other sectors outperformed the Sensex were PSU, AUTO, Capital Goods and IT. The worst performing sectoral index was Metals with negative returns of percentage where as the Real Estate index posted negative returns of percentage. The Banking sectoral index also posted negative returns of 4.47percentage. The recent global turmoil due to the debt crises in PIIGS countries pulled the Indian markets down. Greece faced a sovereign debt crisis, with the prospect of default sowing seeds of instability, not only in Greece, Spain and Portugal, but also in Germany and France, whose banks held much of Greece's debt; and the restructuring of losses will be a threat to their solvency. The rescue package of $1 trillion was chalked out to stave off contagion. But the downgrading of Greece, Portugal and Spain confirmed the economic fallout in Euro zone and the global equities measured by the MSCI All-country World Index registered it worst monthly fall since February 2009, of nearly 10 percentage during month of May The FII outflow for May 2010 was for Rs crore where as the Domestic Mutual funds sold Rs.6.20 crore. The Corporate results were good and in line with the expectations. L&T posted very good Q4 results after a flat performance for last three quarters and has projected a growth of 20percentage in revenue for next financial year. The other index companies like ITC, BHEL, JP Associates, Reliance posted very good results. The Bombay Stock Exchange (BSE) has excluded Grasim Industries from the Sensex, BSE-100, BSE-200 and BSE-500 indices, effect from 26 May 2010 on account of demerger of the cement division. The stock price corrected by points or 26.07percentage during this month. The board approval of merger of Bank of Rajasthan in ICICI Bank led to drastic fall in the price of ICICI Bank. The swap ratio for the merger is set at 25 shares of ICICI Bank for every 118 shares held in BoR. The swap ratio is favourable to the shareholders of BoR and the share price of BoR went up to Rs per share up by 119.3% in May Ambani brothers' ended the non-compete agreement done between them in The only area the non-compete agreement remains is gas based power projects. Mukesh Ambani will not enter into gas based power project till This ended the long drawn battle between the brothers. The Indian Auto Industry again posted excellent sale numbers with Maruti selling more than 1,00,000 cars during the month. The much-awaited 3G auctions got over in this month and nine companies won the bid. Bharti Airtel and Reliance Communications, each won 13 of the 22 telecom zones on offer while other major operators Vodafone Essar, Idea Cellular and Tata won a total of 9, 11 and 9 circles, respectively. The government collected Rs.67,719 crore from this bid. The successful bidders would be allocated the airwaves by the end of September 2010, after the spectrum is vacated by the Defense Department. Indian economy registered a growth of 7.4percentage in the fiscal 2010 against the growth of 6.7percentage in the fiscal 2009, bettering the earlier government estimation of 7.2percentage GDP growth. This was mainly due to robust growth in the manufacturing and mining sectors that was more than 10percentage. Inspite of the worst draught in three years the agriculture sector showed a positive growth of 0.2percentage. However, the service sector grew only by 5.6percentage against 13.9 percentage last year mainly due to fall in the service sector exports. The growth of Indian economy seems to be sustainable. The Finance Minister exuded confidence that the economy would expand by over 8.5percentage in This has improved the Fiscal Deficit estimation for to 6.6percentage from 6.7percentage. Though inflation remains a major concern, RBI expects inflation to ease around mid-2010 on a normal monsoon and moderation in food prices and has forecast the March 2011 WPI inflation at 5.5 per cent. The Government is holding on to its borrowing plan irrespective of the collection of Rs.67,719 crore from nine telecom companies for winning the 3G spectrum in the recently concluded auction. This leads to positively forecast the fiscal deficit of 5.5percentage in fiscal OUTLOOK: The Indian economy appears to be on a positive track with the more than expected GDP growth of 7.4%, robust manufacturing data and prediction of timely monsoon. However, the Eurozone debt crises that have once again questioned the global economic stability and growth. In this recent global turmoil and uncertainty the equity markets in near term may be range-bound. 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 Rating Mkt. Value (Rs. lakhs) I R F C AAA ICICI SECURITIES P ALOK INDUSTRIES PR BAJAJ HINDUSTAN F BAJAJ HINDUSTAN F AMTEK AUTO PR ALKEM LABORATORIES P BAJAJ HINDUSTAN F TULIP IT SERVICES PR SHREE CEMENT LTD PR MUTHOOT FINANCE P MCNALLY BHARAT ENG. CO PR ELECTRO STEEL CASTING PR FIRST LEASING PR PIRAMAL HEALTHCARE A SIMPLEX INFRASTRUCTURES PR EMAMI PAPER MILLS LTD PR LANCO INDUSTRIES PR HIMADRI CHEMICALS AND INDUSTRY PR BLUE STAR PR KESORAM INDUSTRIES PR HYDERABAD INDUSTRIES A Commercial Papers ABG SHIPYARD PR RELIANCE COMMUNICATION PR GARDEN SILK MILLS PR GAMMON PR FIRST LEASING PR TECHNO ELECTRIC & ENGINEERING CMPP Rating Mkt. Value (Rs. lakhs) Certificate of Deposits UNITED BANK OF INDIA A CENTRAL BANK OF INDIA PR Bank Deposits H D F C BANK Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31 /05/2010) : Rs Lakh NAV (Rs.) as on 31/05/2010: Dividend: ; Growth: Avg. Maturity (in month) : 1.27 Avg. Duration (in month) : 1.21 Expense Ratio (as on 31/05/2010) : 0.52% Month Gross Dividend Month 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 Nov Dec Jan Feb Mar Apr May % Last 3 year 7.14% Since Inception ( ) 6.66% Benchmark Fund ~LX) Return () 3.11% Gross Dividend RELIGARE SECURITIES P JBF INDUSTRIES LTD PR SIMPLEX INFRASTRUCTURES PR H C C PR DABUR INDIA P MAGMA FINCORP PR

7 LICMF FLOATING RATE FUND - STP PORTFOLIO (as on 31 /05/2010) Rating Market Value (Rs. in Lakhs) Bonds / Debentures MUNDRA PORT & SEZ AA RELIANCE CAPITAL AAA OSCAR INVESTMENTS A VIDEOCON INDUSTRIES F RANBAXY HOLDING A JSW STEEL PR ALOK INDUSTRIES PR ICICI SECURITIES P DECCAN CHRONICLE PR BHUSHAN POWER AND STEEL PR MAGMA FINCORP PR JINDAL STEEL & POWER A TULIP IT SERVICES A AMTEK AUTO PR SUNDARAM FINANCE P TGS INVESTMENT & TRADE A RELIANCE CAPITAL AAA JINDAL STEEL & POWER AA INDIAN HUME PIPES CO LTD PR Commercial Paper INDIABULLS FINANCIAL SERVICES P RELIGARE FINVEST A JINDAL STEEL & POWER PR DEWAN HOUSING FINANCE P BOMBAY RAYON FASHIONS PR CHOLAMANDALAM DBS FINANCE A RELIANCE MEDIA WORKS A AFCONS INFRASTRUCTURE P NATIONAL ENGINEERING INDUSTRIES LTD PR ADLABS FILMS A Certificate of Deposit PUNJAB NATIONAL BANK PR Bank Deposits UNION BANK OF INDIA Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31/05/2010) : Rs Lakhs NAV (Rs.) as on 31/05/2010: Daily Dividend : ; Weekly Dividend: ; Growth: % Last 3 year 7.83% Since Inception 7.03% Benchmark (C Fund ~LX) Return 3.11% An Open-ended Income Fund LICMF SAVINGS PLUS FUND (An open-ended income scheme) PORTFOLIO (as on 31 /05/2010) Rating Mkt. Value (Rs. lakhs) Instruments MUNDRA PORT & SEZ AA I R F C AAA WELSPUN GUJARAT STAHL ROHREN A JSW STEEL PR RANBAXY HOLDING A TRAPTI TRADING & INVESTMENT A TGS INVESTMENT & TRADE A RELIANCE CAPITAL AAA ALOK INDUSTRIES PR JSW ENERGY PR SIVA VENTURES PR AMTEK AUTO PR JINDAL STEEL & POWER A ICICI SECURITIES P SUNDARAM FINANCE A DECCAN CHRONICLE PR BIRLA TMT HOLDING P SIMPLEX INFRASTRUCTURES PR NAMAN FINANCE AND INVESTMENT A COX AND KINGS PR ARCH PHARMALABS F CORE PROJECTS & TECHNOLOGIES A COX AND KINGS PR MAGMA LEASING AA Commercial Papers INDIABULLS FINANCIAL SERVICES P RELIGARE FINVEST A RELIANCE CAPITAL A RELIGARE SECURITIES P RELIANCE COMMUNICATION PR RELIANCE MEDIA WORKS A MUNDRA PORT & SEZ A ERA INFRA ENGINEERING PR CHOLAMANDALAM DBS FINANCE A JAIPRAKASH ASSOCIATES PR DEWAN HOUSING FINANCE P KEC INTERNATIONAL A RELIANCE SECURITIES A1+(SO) IL & FS FINANCIAL SERVICES A BOMBAY RAYON FASHIONS PR FUTURE CAPITAL HOLDINGS PR BHUSHAN POWER AND STEEL F1+(SO) BILT GRAPHIC PAPER F H C C PR ESSAR SHIPPING PORTS & LOGISTICS PR ICICI SECURITIES P IL & FS FINANCIAL SERVICES PR RELIANCE MEDIA WORKS A PATEL ENGINEERING PR MAGMA FINCORP PR ESSAR STEEL F BALLARPUR INDUSTRIES F NATIONAL ENGINEERING INDUSTRIES LTD PR TELEVISION EIGHTEEN A BHARAT FORGE A AMALGMATED BEAN COFEE TRADING CO. PR TATA MOTORS FINANCE A Certificate of Deposits AXIS BANK P I D B I BANK A BANK OF INDIA P ANDHRA BANK PR BANK OF BARODA A PUNJAB NATIONAL BANK PR VYSYA BANK P UCO BANK P ORIENTAL BANK OF COMMERCE P ANDHRA BANK F CORPORATION BANK P VIJAYA BANK PR STATE BANK OF PATIALA A Bank Deposit Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31/05/2010) : Rs Lakh NAV (Rs.) as on 31/05/2010: Daily Dividend : ; Monthly Dividend: ; Weekly Dividend: ; Growth: Expense Ratio (as on 31/05/2010) : 0.57% Avg. Maturity (in month) : 7.19 Avg. Duration (in month) : 6.83 Avg. Maturity (in month) : 7.54 Avg. Duration (in month) : 6.79 Expense Ratio (as on 31/05/2010) : 0.65% Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr-07 May-07 Jun Jul Aug Sep Oct Nov Dec Jan GROSS DIVIDEND DECLARED (Rs. Per Unit) Month Weekly Month Weekly Month Oct Sep Nov Oct Dec Nov Jan Dec Feb Jan Mar Feb Apr Mar May Apr Jun May Jul Jun Aug Jul Money Market & Other 28.55% Bank Deposits 3.92% DIVIDEND DECLARED (Dividend Option) Month Gross Div. (%) Monthly Weekly Daily Weekly Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun P1, AA--, A+ or Equivalent 16.98% Month Weekly Daily Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May AAA, AA+, P1+ or Equivalent 50.55% Month Gross Div. (%) Monthly Weekly Daily 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 % Last 3 years 6.76% Since Inception 5.73% Benchmark (C Fund ~LX) Return 3.11% 7

8 LICMF MONTHLY INCOME PLAN EQUITY Rating Market Value (Rs. in Lakhs) S B I BHARTI TELEVENTURE RANBAXY LABORATORIES WIPRO JAIPRAKASH ASSOCIATES STERLITE INDUSTRIES L & T R I L JAYPEE INFRATECH JUBILANT ORGANOSYS H P C L B H E L IRB INFRASTRUCTURE DEVELOPERS A B B UNION BANK OF INDIA TOTAL - EQUITY DEBT Rating Market Value (Rs. in Lakhs) MUNDRA PORT & SEZ AA SHRIRAM TRANSPORT FINANCE AA PUNJ LLOYD AA RURAL ELECTRIFICATION CORPORATION AAA DECCAN CHRONICLE AA GSEC 6.05% 02/02/2019 SOVEREIGN RELIANCE CAPITAL AAA TOTAL - DEBT Commercial Paper / Bank Deposits 0.00 Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31/05/2010) : Rs Lakh NAV (Rs.) as on 31/05/2010 Monthly Income : ; Yearly Income : ; Quarterly : ; Growth : Avg. Maturity (in years) : 2.79 Avg. Duration (in years) : 2.51 Expense Ratio (as on 31/05/2010) : 1.86% An Open-ended Monthly Income Scheme w.e.f. 01/06/2003 Month Frequency GrossDiv. (Rs/Unit) 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 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 % % LICMF INDIA VISION FUND An Open-ended Growth Scheme 7.97% Last 3 years 8.45% Since Inception 10.01% Benchmark (C MiPex) Return () 6.36% DIVIDEND DECLARED Month Frequency GrossDiv. (Rs/Unit) 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 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 % Month Frequency GrossDiv. (Rs/Unit) 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 Oct-09 Monthly Nov-09 Monthly Nov-09 Quarterly Dec-09 Monthly Mar-10 Monthly Mar-10 Quarterly Mar-10 Yearly Apr-10 Monthly May-10 Monthly Mkt. Value (Rs. lakhs) INFOSYS TECHNOLOGIES L & T S B I RANBAXY LABORATORIES R I L TATA TEA BHARTI TELEVENTURE I D B I I F C I H C L TECHNOLOGIES M & M TATA CONSULTANCY SERVICES JUBILANT ORGANOSYS B H E L POWER GRID CORPORATION OF INDIA POWER TRADING CORPORATION OF INDIA YES BANK ZEE TELEFILMS JYOTI STRUCTURES LTD JAIPRAKASH ASSOCIATES I C I C I BANK NAV (Rs.) as on 31/05/2010: Dividend: ; Growth: Expense Ratio (as on 31/05/2010) : 2.50% 9.83% Last 3 years -6.66% Since Inception -5.27% Benchmark (BSE 200) Return % Mkt. Value (Rs. Lakhs) SUN PHARMACEUTICALS HINDALCO INFRASTRUCTURE DEVELOPMENT FINANCE N M D C APOLLO TYRES CIPLA T I S C O JAYPEE INFRATECH H D F C BANK BHARAT FORGE IRB INFRASTRUCTURE DEVELOPERS IDEA CELLULAR PRADIP OVERSEAS Total TOTAL - DEBT 0.00 Commercial Paper / Bank Deposits Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31/05/2010) : Rs Lakh 0.81% 99.19% 8

9 LICMF FLOATER MIP An Open-ended income Scheme Rating Mkt. Value (Rs. lakhs) CIPLA H D F C BANK L & T BHARTI TELEVENTURE RANBAXY LABORATORIES M & M S B I TATA CONSULTANCY SERVICES ZEE TELEFILMS UNITECH APOLLO TYRES INFRASTRUCTURE DEVELOPMENT FINANCE SIEMENS BIOCON LTD POWER GRID CORPORATION OF INDIA POWER TRADING CORPORATION OF INDIA HINDALCO CAIRN INDIA Bond/Debenture DECCAN CHRONICLE AA WELSPUN GUJARAT STAHL ROHREN A PUNJ LLOYD AA SHRIRAM TRANSPORT FINANCE AA MUNDRA PORT & SEZ AA GSEC 6.05% 02/02/2019 SOVEREIGN RELIANCE CAPITAL AAA MAGMA LEASING AA RELIANCE CAPITAL AAA Commercial paper 0.00 Bank Deposits 0.00 Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31 /05/2010) : Rs Lakhs NAV (Rs.) as on 31/05/2010 Monthly Income : ; Yearly Income : ; ; Quarterly : Growth : Expense Ratio (as on 31 /05/2010) : 1.50% Avg. Maturity (in month) : Avg. Duration (in month) : % Last 3 years 9.54% Since Inception 10.29% Benchmark (C MiPex) Return - last 1 year 6.36% Month Frequency Gross Div. (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 % Month Frequency Gross Div. (Rs/Unit) 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 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 Month (Rs/Unit) 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 Oct-09 Monthly Nov-09 Monthly Nov-09 Quarterly Dec-09 Monthly Mar-10 Monthly Mar-10 Quarterly Mar-10 Yearly Apr-10 Monthly May-10 Monthly % % Frequency Gross Div. 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 B H E L H D F C O N G C I C I C I BANK S B I JAIPRAKASH ASSOCIATES RELIANCE INFRASTRUCTURE BHARTI TELEVENTURE JINDAL STEEL & POWER INFRASTRUCTURE DEVELOPMENT FINANCE IDEA CELLULAR G A I L H D F C BANK S A I L UNITECH A B B INDIA CEMENTS DLF STERLITE INDUSTRIES JAYPEE INFRATECH H P C L B P C L T I S C O GAMMON INDIA I O C L AREVA T & D INDIA M & M M U L SIEMENS A C C IVRCL INFRASTRUCTURES & PROJECTS I D B I VOLTAS TATA POWER CENTURY TEXTILES INDIAN HOTELS TATA MOTORS KOTAK MAHINDRA BANK NAV (Rs.) as on 31/05/2010: Dividend: ; Growth: Expense Ratio (as on 31/05/2010) : 2.50% 6.80% Since Inception -4.78% Benchmark (BSE 100) Return % Mkt. Value (Rs. Lakhs) POWER GRID CORPORATION OF INDIA N T P C NALCO N H P C SUZLON ENERGY GVK POWER & INFRASTRUCTURE MUNDRA PORT & SEZ SYNDICATE BANK MERCATOR LINES OIL INDIA GMR INFRASTRUCTURE NEYVELI LIGNITE CORPORATION PUNJ LLOYD ULTRA TECH CEMCO JSW STEEL V S N L ABG SHIPYARD PUNJAB NATIONAL BANK INDIAN BANK RANBAXY LABORATORIES N M D C ALLAHABAD BANK HERO HONDA MOTORS HINDALCO G A C L S C I L MADRAS CEMENT INDIABULLS POWER CANARA BANK 8.16 Total TOTAL - DEBT 0.00 Commercial Paper / Bank Deposits 0.00 Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31/05/2010) : Rs Lakh 4.76% 95.24% 9

10 LICMF BALANCED FUND An Open-ended Balanced Scheme EQUITY Mkt. Value (Rs. lakhs) BHARTI TELEVENTURE RANBAXY LABORATORIES JYOTI STRUCTURES LTD HUL L & T POWER TRADING CORPORATION OF INDIA I D B I HINDALCO YES BANK POWER GRID CORPORATION OF INDIA G A C L INFRASTRUCTURE DEVELOPMENT FINANCE JAYPEE INFRATECH H C L TECHNOLOGIES JAIPRAKASH ASSOCIATES Total DEBT Rating Mkt. Value (Rs. lakhs) DECCAN CHRONICLE AA NAV (Rs.) as on 31/05/2010 : Dividend: ; Growth: Expense Ratio (as on 31/05/2010) : 1.96% Avg. Maturity (in years) : 0.33 Avg. Duration (in years) : 0.30 Last 3 years 6.11% 4.69% Since Inception 7.18% Benchmark (C BalanceEx) Return () 11.22% Month Dividend Nov % Mar % Aug % Nov % Feb % Apr % Sep % Jan % Oct % 30.59% TOTAL - DEBT Cash n Call, Current Assets & Receivables % 61.40% TOTAL FUND (as on 31/05/2010) : Rs Lakh LICMF CHILDREN S FUND An Open-ended Balanced Scheme for Children Rating Mkt. Value (Rs. lakhs) Avg. Maturity (in month) : 1.69 Avg. Duration (in month) : 1.52 R I L I F C I RELIANCE INFRASTRUCTURE JAIPRAKASH ASSOCIATES RELIANCE CAPITAL RELIANCE MEDIA WORKS RELIANCE COMMUNICATION 5.79 Total SHRIRAM TRANSPORT FINANCE AA PUNJ LLOYD AA Total Commercial Paper/ Bank Deposits Cash n Call, Current Assets & Receivables Expense Ratio (as on 31/05/2010) : 2.25% 1.29% Last 3 years % Since inception (12/11/2001) 0.28% Benchmark (C BalanceEx ) Return 11.22% 31.38% TOTAL FUND (as on 31/05/2010) : Rs Lakh NAV (Rs.) as on 31/05/2010 : % 39.67% 10

11 LICMF BOND FUND An Open-ended Scheme DEBT PORTFOLIO (as on 31 /05/2010) Rating Mkt. Value (Rs.Lakhs) PUNJ LLOYD AA I R F C AAA I O C L AA I C I C I BANK AAA S A I L AAA(SO) H U D C O AA JET AIRWAYS (JUS TRUST PTC) AAA(SO) SHRIRAM TRANSPORT FINANCE AA DEVELOMENT CREDIT BANK A R E C AAA BOB HOUSING FINANCE(PTC NHB) AAA(SO) ANDHRA BANK PTC (NHB) AAA(SO) 3.61 COMMERCIAL PAPER/ BANK DEPOSIT Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31/05/2010) : Rs Lakh Month Gross Div. (%) Month Gross Div. (%) Mar % Mar % Jul % Jul % Nov % Oct % Mar % Jan % Jul % Mar % Oct % Jul % Jan % Jun % Oct % Sep % Jan % Dec % Mar % Mar % Jul % Jun % Oct % Sep % Jan % Dec % Mar % Mar % Jul % Jul % Oct % Oct % Jan % Jan % Mar % 5.24% Last 3 years 9.09% Since inception ( ) 9.02% Benchmark (C CompBex) Return () 4.69% PORTFOLIO RATING ANALYSIS Money Market 20.80% AAA 30.47% NAV (Rs.) as on 31/05/2010: Dividend: ; Growth: Avg. Maturity (in years) : 2.56 Avg. Duration (in years) : 2.31 Expense Ratio (as on 31 /05/2010) : 1.53% AA, AA-, A, PR1+(SO) & Others 29.87% AA % AAA (SO) 8.40% GOI T Bill - 91 days - 11/06/2010 Sovereign GOI T Bill - 91 days - 09/07/2010 Sovereign Commercial Paper / Bank Deposit Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31 /05/2010) : Rs Lakh LICMF G-SEC FUND An Open-ended Gilt Scheme Securities Rating Mkt. Value (Rs. Lakhs) Month Gross Div. (%) Month Gross Div. (%) Mar % Jul % Nov % Mar % Jul % Oct % Jan % Apr % Jun % Sep % Dec % Mar % Jun % Sep % Mar % Jul % Oct % Jan % Jan-10 (PF Option) 5.00% Mar-10 (PF Option) o.50% NAV (Rs.) as on 31/05/2010 Reg.: Reg.Gr.: ; PF-Div ; PF-Gr. : Avg. Maturity (in years) : 0.03 Avg. Duration (in years) : 0.02 Expense Ratio (as on 31/05/2010) : 2.09% -2.24% Last 3 years 4.55% Since inception ( ) 7.71% Benchmark (I Sec Composite Gilt) Return 4.10% 11

12 LICMF OPPORTUNITIES FUND An Open-ended Growth Scheme Mkt. Value (Rs. Lakh) R I L I T C L & T I C I C I BANK O N G C H D F C RELIANCE INFRASTRUCTURE S B I H D F C BANK BHARTI TELEVENTURE B H E L I O C L JAIPRAKASH ASSOCIATES T I S C O INFRASTRUCTURE DEVELOPMENT FINANCE B P C L POWER TRADING CORPORATION OF INDIA PETRONET LNG HUL IDEA CELLULAR JUBILANT ORGANOSYS NDTV Ltd S A I L KOTAK MAHINDRA BANK TATA CONSULTANCY SERVICES POWER GRID CORPORATION OF INDIA STERLITE INDUSTRIES JAYPEE INFRATECH JINDAL STEEL & POWER H P C L WIPRO ADITYA BIRLA NUVO INDIA CEMENTS M U L RANBAXY LABORATORIES TATA MOTORS DR REDDYS LABORATORIES ALLAHABAD BANK A C C V S N L TATA POWER H C L TECHNOLOGIES M & M AXIS BANK INDIAN HOTELS HINDALCO PUNJAB NATIONAL BANK HERO HONDA MOTORS I D B I N M D C A B B LICMF EQUITY FUND An Open-ended Scheme TOTAL FUND (as on 31 /05/2010) : Rs Lakh NAV (Rs.) as on 31/05/2010: Dividend: ; Growth: Expense Ratio (as on 31/05/2010) : 2.30% Month Dividend Feb % Oct % Nov % Mkt. Value (Rs. Lakh) 9.12% Last 3 year -0.96% Since Inception 10.75% Benchmark (BSE-200) Return 21.27% Mkt. Value (Rs. Lakh) R I L I T C L & T I C I C I BANK O N G C S B I H D F C B H E L JAIPRAKASH ASSOCIATES RELIANCE INFRASTRUCTURE KOTAK MAHINDRA BANK I F C I H D F C BANK BHARTI TELEVENTURE N T P C TATA CONSULTANCY SERVICES PETRONET LNG I O C L IDEA CELLULAR WIPRO S A I L JAYPEE INFRATECH V S N L DLF HUL JUBILANT ORGANOSYS TATA MOTORS M U L STERLITE INDUSTRIES POWER GRID CORPORATION OF INDIA H P C L DR REDDYS LABORATORIES ORCHID CHEMICALS & PHARMACEUTICALS SIEMENS INFRASTRUCTURE DEVELOPMENT FINANCE T I S C O B P C L UNITECH TATA POWER ADITYA BIRLA NUVO H C L TECHNOLOGIES INFOSYS TECHNOLOGIES A B B I D B I PUNJAB NATIONAL BANK INDIAN BANK RELIGARE ENTERPRISES GRASIM INDUSTRIES VOLTAS G A I L RANBAXY LABORATORIES HINDALCO AXIS BANK M & M JINDAL STEEL & POWER CIPLA PRADIP OVERSEAS N M D C G A I L SUZLON ENERGY UNITECH N H P C BALARAMPUR CHINI MILLS LTD GRASIM INDUSTRIES SUN PHARMACEUTICALS RELIANCE COMMUNICATION SYNDICATE BANK PUNJ LLOYD CIPLA 9.69 OIL INDIA 9.31 INDIABULLS POWER 8.95 RELIGARE ENTERPRISES 6.46 AREVA T & D INDIA 4.34 CANARA BANK 4.08 SAMRUDDHI CEMENT 4.76 Total Total Cash n Call, Current Assets & Receivables Mkt. Value (Rs. Lakh) MERCATOR LINES N H P C OIL INDIA MUNDRA PORT & SEZ NDTV Ltd PUNJ LLOYD SUZLON ENERGY A C C INDIAN HOTELS UNION BANK OF INDIA CANARA BANK 8.16 SESA GOA 7.64 RELIANCE COMMUNICATION 7.24 INDIABULLS POWER 4.60 SYNDICATE BANK 1.74 SAMRUDDHI CEMENT Total Total 0.00 Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31 /05/2010) : Rs Lakh 11.38% Last 3 years 5.29% Since Inception 9.45% Benchmark (Sensex) Return 15.77% Expense Ratio (as on 31 /05/2010) : 2.19% NAV (Rs.) as on 31/05/2010: Dividend: ; Growth: Month Dividend Mar % Mar % Nov % Oct % Nov % 2.38% 97.62% 12

13 LICMF INDEX FUND An Open-ended Index Linked Scheme NIFTY PLAN - PORTFOLIO (as on 31 /05/2010) R I L INFOSYS TECHNOLOGIES I C I C I BANK L & T I T C H D F C H D F C BANK S B I O N G C B H E L TATA CONSULTANCY SERVICES BHARTI TELEVENTURE AXIS BANK T I S C O STERLITE INDUSTRIES JINDAL STEEL & POWER HUL M & M N T P C TATA MOTORS TATA POWER G A I L HINDALCO WIPRO HERO HONDA MOTORS CIPLA M U L INFRASTRUCTURE DEVELOPMENT FINANCE JAIPRAKASH ASSOCIATES RELIANCE INFRASTRUCTURE PUNJAB NATIONAL BANK KOTAK MAHINDRA BANK CAIRN INDIA SUN PHARMACEUTICALS S A I L SIEMENS UNITECH DLF RELIANCE COMMUNICATION G A C L A B B A C C H C L TECHNOLOGIES B P C L RELIANCE CAPITAL RANBAXY LABORATORIES POWER GRID CORPORATION OF INDIA RELIANCE POWER LTD SUZLON ENERGY IDEA CELLULAR Total Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31/05/2010) : Rs Lakh NAV (Rs.) as on 31/05/2010: Dividend: ; Growth: Expense Ratio (as on 31/05/2010) : 1.50% Last 6 months 1.81% 11.47% Last 3 years 2.22% Since Inception 14.71% Benchmark NSE - Nifty Return (Last 6 months) 2.15% Benchmark NSE - Nifty Return () 14.24% SENSEX PLAN Mkt. Value (Rs. lakhs) Mkt. Value (Rs. lakhs) R I L INFOSYS TECHNOLOGIES I C I C I BANK L & T I T C H D F C H D F C BANK S B I O N G C TATA CONSULTANCY SERVICES B H E L BHARTI TELEVENTURE N T P C T I S C O JINDAL STEEL & POWER STERLITE INDUSTRIES HUL TATA MOTORS M & M TATA POWER HINDALCO SENSEX PLAN Mkt. Value (Rs. lakhs) WIPRO HERO HONDA MOTORS M U L CIPLA JAIPRAKASH ASSOCIATES RELIANCE INFRASTRUCTURE DLF RELIANCE COMMUNICATION A C C GRASIM INDUSTRIES 0.46 SAMRUDDHI CEMENT 8.17 Total Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31 /05/2010) : Rs Lakh NAV (Rs.) as on 31/05/2010: Dividend: ; Growth: Expense Ratio (as on 31 /05/2010) : 1.41% Last 6 months -0.06% s 13.98% Last 3 years 1.64% Since Inception 16.54% Benchmark BSE - Sensex Return (Last 6 months) 0.22% Benchmark BSE - Sensex Return (s) 15.77% SENSEX ADVT. PLAN Mkt. Value (Rs. lakhs) Equtiy R I L INFOSYS TECHNOLOGIES I C I C I BANK L & T I T C H D F C H D F C BANK S B I O N G C TATA CONSULTANCY SERVICES G A I L B H E L NDTV Ltd BHARTI TELEVENTURE N T P C H P C L T I S C O HUL 8.58 STERLITE INDUSTRIES 8.29 TATA MOTORS 8.26 M & M 8.23 TATA POWER 7.03 HINDALCO 6.69 WIPRO 6.52 HERO HONDA MOTORS 6.43 M U L 5.93 UNITECH 5.80 CIPLA 5.53 SUN PHARMACEUTICALS 5.00 JAIPRAKASH ASSOCIATES 4.83 RELIANCE INFRASTRUCTURE 4.78 INFRASTRUCTURE DEVELOPMENT FINANCE 4.70 GRASIM INDUSTRIES 4.17 DLF 3.87 RELIANCE COMMUNICATION 3.46 ADITYA BIRLA NUVO 2.89 A C C 2.81 SAMRUDDHI CEMENT 1.09 Total Cash n Call, Current Assets & Receivables TOTAL FUND (as on 31/05/2010) : Rs Lakh NAV (Rs.) as on 31/05/2010: Dividend: ; Growth: Expense Ratio (as on 31/05/2010) : 1.50% 14.32% Last 3 years 0.36% Since Inception 15.67% Benchmark BSE - Sensex Return () 15.77% Month Dividend (%) Nifty Sensex Sensex Advt. Jan Aug Nov Jan Feb Nov Feb Mar Mar Jan

14 LICMF GROWTH FUND An Open-ended Growth Scheme Mkt. Value (Rs. Lakh) R I L S B I L & T I T C O N G C I C I C I BANK S A I L H D F C BANK B H E L RELIANCE INFRASTRUCTURE H D F C VOLTAS BHARTI TELEVENTURE T I S C O TATA CONSULTANCY SERVICES TATA MOTORS B E M L G A I L ORCHID CHEMICALS & PHARMACEUTICALS WIPRO JAIPRAKASH ASSOCIATES RANBAXY LABORATORIES CIPLA I D B I POWER TRADING CORPORATION OF INDIA HUL DLF JUBILANT ORGANOSYS IDEA CELLULAR I O C L B P C L M U L A B B INDIA CEMENTS SIEMENS BALARAMPUR CHINI MILLS LTD KOTAK MAHINDRA BANK M & M TATA CHEMICALS JAYPEE INFRATECH MERCATOR LINES INFRASTRUCTURE DEVELOPMENT FINANCE DR REDDYS LABORATORIES N T P C STERLITE INDUSTRIES INDIAN HOTELS MUNDRA PORT & SEZ ADITYA BIRLA NUVO JSW STEEL H P C L RELIGARE ENTERPRISES NEYVELI LIGNITE CORPORATION SYNDICATE BANK INDIAN BANK PUNJAB NATIONAL BANK INFOSYS TECHNOLOGIES ALLAHABAD BANK HERO HONDA MOTORS V S N L HINDALCO PUNJ LLOYD APOLLO TYRES IVRCL INFRASTRUCTURES & PROJECTS SUN PHARMACEUTICALS ASHOK LEYLAND PRADIP OVERSEAS NDTV Ltd IRB INFRASTRUCTURE DEVELOPERS H C L TECHNOLOGIES N M D C GRASIM INDUSTRIES AREVA T & D INDIA JINDAL STEEL & POWER TATA POWER AXIS BANK TOTAL FUND (as on 31 /05/2010) : Rs Lakh 13.43% Last 3 year 3.15% Since Inception 8.91% Benchmark (Sensex) Return - last 1 year 15.77% Mkt. Value (Rs. Lakh) OIL INDIA N H P C PETRONET LNG UNION BANK OF INDIA SUZLON ENERGY UNITECH JET AIRWAYS (INDIA) CANARA BANK 8.16 INDIABULLS POWER 4.60 SAMRUDDHI CEMENT 7.14 Total Total Commercial Paper / Bank Deposit 0.00 Cash n Call, Current Assets & Receivables NAV (Rs.) as on 31/05/2010: DIVIDEND: ; GROWTH: Expense Ratio (as on 31 /05/2010) : 2.18% Month Dividend Oct % 5.88% 94.12% LICMF TAX PLAN An Open-ended ELSS Market Value (Rs. in Lakhs) R I L I T C S B I O N G C L & T I C I C I BANK H D F C RELIANCE INFRASTRUCTURE TATA CONSULTANCY SERVICES H D F C BANK BHARTI TELEVENTURE HUL B H E L IDEA CELLULAR B P C L T I S C O S A I L JAYPEE INFRATECH I O C L KOTAK MAHINDRA BANK ADITYA BIRLA NUVO M U L NDTV Ltd JAIPRAKASH ASSOCIATES WIPRO DLF CONCOR JUBILANT ORGANOSYS G A I L A B B DR REDDYS LABORATORIES M & M INFRASTRUCTURE DEVELOPMENT FINANCE TATA MOTORS VOLTAS CIPLA RANBAXY LABORATORIES RELIGARE ENTERPRISES STERLITE INDUSTRIES JINDAL STEEL & POWER PUNJAB NATIONAL BANK MUNDRA PORT & SEZ BALARAMPUR CHINI MILLS LTD SUZLON ENERGY I D B I ALLAHABAD BANK UNITECH H P C L N M D C SYNDICATE BANK TOTAL FUND (as on 31 /05/2010) : Rs Lakh Expense Ratio (as on 31 /05/2010) : 2.27% Month Dividend Mar % Mar % Aug % Mar % Oct % May % Oct % Mkt. Value % (Rs. Lakh) Contribution TATA POWER PRADIP OVERSEAS N H P C 9.74 INDIABULLS POWER 4.94 CANARA BANK 4.08 Total Total Commercial Paper / Bank Deposit 0.00 Cash n Call, Current Assets & Receivables NAV (Rs.) as on 31/05/2010; Dividend: ; Growth: Last 3 years 7.33% 0.07% Since Inception 8.09% Benchmark (Sensex) Return 15.77% 4.32% 95.68% 14