Dividend Yield Plus. Birla Sun Life. Monthly Factsheet I July For further details of the scheme, please refer to page no. 37

Transcription

1 Monthly Factsheet I July 2012 Life Yield Plus An Open ended Scheme For further details of the scheme, please refer to page no. 37

2 Index All About Mutual Funds 01 Savings Solutions 04 Regular Income Solutions 19 Wealth Creation Solutions 24 Tax Savings Solutions 48 Close Ended Scheme Performance 51 Fund Manager Wise Scheme Performance 53 Funds at A Glance 54 Investment Objective 57 History 59 Industry Allocation 61

3 All About Mutual Funds Rising expenses, children s education, unexpected emergencies and finally retirement the demands on people s money seem to be ever-rising. And savings alone may not prove to be enough to meet them all. Making judicious investments though can make their money work harder. However, most people are reluctant to invest as they find it very puzzling. More so, they don t have the time to monitor the stock markets. What is the way then to help you achieve your financial needs and goals? The answer can be mutual funds. Here are a few things about mutual funds that you must know in order to benefit from them: What are mutual funds? A mutual fund is a professionally managed collective investment scheme that pools money from many investors. This money is then invested in stocks, bonds, short-term money market instruments, and/or other securities. Types of mutual funds Mutual funds can broadly be classified as open ended or close ended. While open ended funds are available for subscription and repurchase on a continuous basis and do not have a fixed maturity period, close ended funds are open for subscription only during a specified period at the time of launch of the scheme and have a stipulated maturity period. The funds can further be classified according to the investment objective as: or equity funds: The aim of growth funds is to provide capital appreciation over medium to long term. Such schemes normally invest a major part of their corpus in equities and have comparatively high risks. Debt funds: The objective of debt funds is to generate steady returns while aiming to preserve your capital. They invest only in fixed income instruments like company bonds, debentures, government securities etc. Balanced funds: These funds invest in both equity and debt in varying proportions. So, their average returns and risk profile also fall some where in between growth and debt funds. How do mutual funds score over equities? Unlike equity Investments, mutual fund investments do not require you to analyze and track companies and the ways of the market. Also they can help them stay less affected by the fall in the prices of one particular stock as their returns are derived by overall performance of various stocks that the Mutual Fund invests in. What s the right time to buy and sell mutual funds? The right time to buy mutual funds is when the prices of the funds are low or falling. However, the holding period should be determined by the market conditions ideally. For eg. in growth funds a greater holding period can offer greater chance to benefit. What are SIPs? A systematic investment plan allows you to invest in a fund at regular intervals rather than a lump sum one time amount. SIPs are based on the principle of rupee cost averaging which can help make a fall in scheme s NAV work to the investor s advantage. When the NAV falls because of a fall in the market, SIP can help accumulate more units at lower rates while restraining them from going overboard in a rising market by giving fewer units at those higher levels. Further, by staying invested for a long period of time, they may also profit from the appreciation in equities tend to show over the long term. How do I select the right mutual funds? While choosing a mutual fund, it s important to keep your objectives, risk appetite and investment budget in mind. You should also keep in mind the performance of the fund over the last couple of years and check the exit load charged by a particular scheme which is charged as a percentage of NAV and has the effect of reducing returns by that amount. By keeping these simple things in mind, you can make mutual fund investments that can work to your advantage and help in realizing your financial goals. 01

4 Investment Outlook Equity Investment Outlook Equity Outlook Indian equity market saw positive traction, a welcome move after lackluster performance over past few months. The benchmark indices, Sensex and Nifty, moved 7.5% and 7.2% respectively over the last month. MSCI India also outperformed major global indices even on currency adjusted basis, delivering 6.9% in US$ terms during same period. This was despite the FII outflows of US$ 86mn in June 12 over $58mn in May 12. After the PM has taken the Finance portfolio under his fold, there has been continuous newsflow of activity from 7 Race Course Road. European heads of states have also made some progress and taken some steps to meet each other midway. In our interaction with market participants a question that often arises is - if this is the harbinger of a new market upcycle. Our response is perhaps if not now then soon enough given the confluence of factors that make it a classic situation for equity market investing. Mass cynicism, cheap valuations and under investment in equities is a potent mix that can propel equity values higher and deliver returns outranking other major assets classes over next 3-5 years. Hence, there is a compelling case for allocating the long-term savings towards equity assets. Debt Investment Outlook Domestic Outlook Economic data in the month of June 2012 has not assuaged the sentiments much. For example, car sales which was growing at ~12% in the Mar 12 quarter, is now growing at 3% in the last 2 months. Similarly, commercial vehicle sales have decelerated from ~16% yoy to ~7% yoy for the last 2 months. We expect India s economy to grow at a modest pace around 6% for the current fiscal year. Inflation Outlook On the inflation front, headline WPI increased marginally from 7.2% in April 2012 to 7.5% in May Disappointingly, the headline WPI for the month of March 2012 was revised upwards from 6.9% to 7.7%, a sharp revision of 80bps. Overall, provisional WPI numbers have been revised upwards by an average of 50bps in the first 3 months of the year. These revisions indicate that WPI might be running closer to 8% rather than 7.2%-7.5% provisional numbers for the last 2 months. One of lead indicators for inflation, Manufacturing PMI output prices, has been moved up for last 2 months, indicating short term upward pressures on inflation. That said, non-food manufactured products inflation (RBI gauge of core inflation) has moderated from 8.4% in Nov 2011 to 4.8% in May Our sense is that there is a good probability that core inflation moderates over next 4-6 months especially due to the moderation in global commodity prices and slowdown in domestic demand. Global outlook Global markets recovered in June 2012 on expectations of stimulus from European policy makers. European leaders announced a number of steps in a summit, relaxing some conditions for supporting the economic region s banking system. While this does not address the sovereign debt problem for the problem countries (Italy, Spain, Greece), it s a step towards reaching common ground. There has been a steady deterioration in US economic data. US added only 69K jobs in May 2012 versus an average of 225K jobs in the first 3 months of the year. Not surprisingly, Fed decided to extend operation twist for 6 months with an incremental 267bn dollars in June Going forward, we expect the global situation to be volatile with policy induced market rallies interlaced with risk-off periods due to problems related to growth and leverage in both US and Europe. Central Bank Stance Our base case over last 2-3 months has been that slowing growth and moderation in core inflation will allow RBI to cut rates more aggressively (75-100bps) than what market expects over next 6-12 months. While our view remains the same, the timing of the rate cuts is a bit uncertain. As explained above, there is a good likely-hood that inflation figures for Apr-May 12 might be running closer to 8% than the % provisional numbers. Thus, RBI might delay its rate cuts by a few months till the moderation in global commodity prices and demand slowdown filters through core inflation. Overall, our expectations remain that RBI will cut repo by another bps over next 6-12 months. Bond Market Outlook Overall, there is no big change in our investment call on bonds. Our key call over last 5 months has been that current environment is better to own 1-3yr corporate bond. The key rationale predicating this view was that as RBI starts its easing cycle 2 things are likely to happen. First, liquidity conditions will ease, resulting in a compression in front end spreads; and second, as the RBI starts cutting rates the yield curve will bull steepen and thus again benefiting investors owning the front end of the yield curve. In the front end, our call that that both 3mon and 6mon rates have peaked at 11.5% in March 12 are now deep in the money. 3 and 6 month rates have rallied 235bps and 205bps respectively from the highs in March 12 and 1yr CD rates have rallied ~175bps. With 1yr bank CD rates close to 150bps over repo rate, we think there is a significant opportunity for 1-3yr rates to be bps lower over the next 6 months. On duration we have booked profits in our tactically bullish call on Gsec. The primary reason behind this view is potential for inflation to surprise on the upside in the near term and concerns regarding continuation of OMOs by RBI. 02

5 Savings Solutions What are Saving Solutions? Our Savings Solutions are aimed at preserving your money, providing you with liquidity and giving you superior tax-efficient returns compared to bank accounts and FDs. Who can benefit from Saving Solutions? This is an ideal solution for investors who have low - medium propensity for risk and high liquidity. These can be ideal for first time investors in mutual funds. Regular Income Solutions What are Regular Income Solutions? Our Regular Income Solutions aim to preserve your money and provide regular income. Who can benefit from Regular Income Solutions? This is an ideal solutions for investors who are interested in alternative modes of regular income, either in present of after retirement stage, and have low propensity for risk. (Regular income is not assured & is subject to availability of distributable surplus.) Wealth Creation Solutions What are Wealth Creation Solutions? Our Wealth Creation Solutions aim to grow your money through equity/gold investments and are available in a range of conservative to aggressive options. Who can benefit from Wealth Creation Solutions? These solutions can be ideal for investors who are planning for future expenses, like higher education of children, marriage, buying a home etc.these solutions are available in the range of aggressive to conservative options to suit the needs of the investor. Tax Savings Solutions What are Tax Savings Solutions? Our Tax Savings Solutions help to reduce your tax burden and at the same time, aim to grow your money through equity investments. Who can benefit from Tax Savings Solutions? Tax saving is important, especially when investors can save up to ` 30,900 in taxes! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing the taxable income by up to ` 1 lakh. But, wealth creation is also important. Isn t it? That s why this solution is ideal for investors who would like to create wealth along with tax saving. Tax savings of ` 30,900 is calculated assuming qualifying amount of deduction is ` 1 lakh & investor falls in the top income tax slab of 30% & includes applicable cess. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. Further, Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 03

6 Savings Solutions What are Saving Solutions? Our Savings Solutions are aimed at preserving your money, providing you with liquidity and giving you superior tax-efficient returns compared to bank accounts and FDs. Who can benefit from Saving Solutions? This is an ideal solution for investors who have low - medium propensity for risk and high liquidity. These can be ideal for first time investors in mutual funds. Benefits of Savings Solutions: Make Inflation work in your favour: Inflation affects your returns from any investment including mutual funds. But, in case of savings solutions, you can use it to your advantage - through indexation - which can help you reduce the amount on which you have to pay tax. You can benefit from indexation, if investing for more than 1 year. Please consult your tax advisor on how to take advantage of indexation. Aim to preserve your money: These schemes generally invest in instruments like bonds of reputed Indian companies and securities (bonds) issued by the Government of India which are considered relatively safe. Aim to provide Liquidity: If you need to withdraw your money, all you have to do is submit a redemption slip and your money is normally credited to your bank account within one working day. You may also opt for an online redemption facility offered by many fund houses for added convenience. Tax-efficient returns: You can earn returns in the form of monthly / quarterly dividends etc. which are completely tax-free in your hands. A dividend distribution tax of % is applicable and is deducted by the fund house. There are various savings solutions available depending on the time period that you would like to invest for: a. 1 day to 3 months b. 3 to 6 months c. 6 months to 1 year d. 1 year + Investors are advised to consult their tax advisor in view of individual nature of tax benefits. The Financial Solution (Savings Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 04

7 Life Cash Plus A fund that aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.) SAVINGS SOLUTIONS Conservative Returns Low Risk 1 day + High Liquidity Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 5 years & 7 years Date of inception: June 16, 1997 Nature of the scheme: An Open-ended Liquid Scheme NAV of Plans / Options ^ Retail Plan : : Institutional Plan : : Weekly : Institutional Premium Plan : Daily : Weekly : ^The Face Value per unit of all the plans/ options under Life Cash Plus has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: Liquid Fund Index Quarterly Average AUM: ` 12, Crores Load Structure (as % of NAV) Exit Load: Modified Duration : 0.16 years Yield to Maturity: 9.42% Mark to Market: 0% Standard Deviation Retail Plan: 0.67% Institutional Plan: 0.66% Institutional Premium Plan: 0.64% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer % Rating Profile of Portfolio Investment Performance - Retail Plan - Date of Inception: June 16, % Life Cash Plus Liquid Fund Index # 1 Year T-Bill Index ## NAV as on June 29, 2012: ` Life Cash Plus Liquid Fund Index # 1 Year T-Bill Index ## N/A N/A N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 75. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Issuer % to net Assets Rating Issuer % to net Assets Rating Punjab National Bank 5.12% CARE A1+ Allahabad Bank 2.18% A1+ Housing Development Finance Corporation Ltd. 4.19% [ICRA] A1+ Yes Bank Ltd. 1.95% [ICRA] A1+ IDBI Bank Ltd. 4.18% A1+ Canara Bank 1.92% A1+ CitiBank, N.A. 3.65% FITCH A1+ Tata Capital Financial Services Ltd. 1.82% [ICRA] A1+ ING Vysya Bank Ltd. 3.28% A1+ Tata Telecom Ltd. 1.72% CARE A % Sovereign Cash & Current Assets AAA 05

8 Life Cash Manager A fund that aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.) Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 5 years & 7 years Date of inception: Retail Plan: May 14, 1998 Institutional Plan: September 27, 2004 Nature of the scheme: An Open-ended Income Scheme Rating Profile of Portfolio 24.60% 5.96% 69.45% AAA AA Cash & Current Assets SAVINGS SOLUTIONS Conservative Returns Low Risk 1 day + High Liquidity NAV of Plans / Options ^ Retail Plan : Daily : Weekly : Institutional Plan : Daily : Weekly : ^The Face Value per unit of all the plans/ options under Life Cash Manager has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: Short Term Bond Fund Index Quarterly Average AUM: ` 4, Crores Investment Performance - Retail Plan - Date of Inception: May 14, 1998 Life Cash Manager Short Term Bond Fund Index # NAV as on June 29, 2012: ` Year T-Bill Index ## Life Cash Manager Short Term Bond Fund Index # 1 Year T-Bill Index ## N/A N/A N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 75. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Load Structure (as % of NAV) (Incl. for SIP) Exit Load: Modified Duration: 0.20 years Yield to Maturity: 9.66% Mark to Market: 18% Standard Deviation: Retail Plan: 0.64% Institutional Plan: 0.65% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. Issuer % to net Assets Rating Issuer % to net Assets Rating Punjab National Bank 6.77% CARE A1+ LIC Housing Finance Ltd. 3.21% AAA Karur Vysya Bank Ltd. 3.88% A1+ L&T Finance Ltd. 2.89% CARE A1+ Sesa Goa Ltd. 3.87% A1+ Tata Capital Ltd. 2.43% [ICRA] A1+ Morgan Stanley India Capital Private Ltd 3.81% FITCH A1+ L&T Infrastructure Finance Company Ltd. 2.42% CARE A1+ IL&FS Financial Services Ltd. 3.33% CARE A1+ Housing Development Finance Corporation Ltd. 2.30% AAA 06

9 Life Savings Fund A fund that aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.) SAVINGS SOLUTIONS Conservative Returns Low Risk 1 day + High Liquidity Fund Manager: Mr. Kaustubh Gupta Managing Fund Since: July 15, 2011 Total Experience: 5 years Date of inception Retail Plan: November 27, 2001 Institutional Plan: April 16, 2003 Nature of the scheme: An Open-ended Short Term Income Scheme NAV of Plans / Options ^ Retail Plan : Daily : Weekly : Institutional Plan : Daily : Weekly : ^The Face Value per unit of all the plans/ options under Life Savings Fund has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: Short Term Bond Fund Index 4.63% Rating Profile of Portfolio 21.41% Investment Performance - Retail Plan - Date of Inception: Nov 27, % AAA AA Cash & Current Assets Life Savings Fund Short Term Bond Fund Index # 1 Year T-Bill Index ## NAV as on June 29, 2012: ` Birla Sun Life Savings Fund Short Term Bond Fund Index # 1 Year T-Bill Index ## N/A N/A N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Kaustubh Gupta is 75. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Quarterly Average AUM: ` 4, Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load: Modified Duration: 0.28 years Yield to Maturity: 9.63% Mark to Market: 25% Standard Deviation Retail Plan: 0.65% Institutional Plan: 0.61% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. Issuer % to net Assets Rating Issuer % to net Assets Rating Axis Bank Ltd. 7.72% ING Vysya Bank Ltd. 4.07% A1+ Reliance Capital Ltd. 5.99% CARE AAA Kotak Mahindra Prime Ltd. 3.97% A1+ Tata Motors Ltd. 4.55% A1+ IDFC Ltd. 3.51% [ICRA] AAA LIC Housing Finance Ltd. 4.54% AAA GE Capital Services Ltd. 3.51% A1+ National Bank for Agriculture & Rural Development 4.32% A1+ IDBI Bank Ltd. 3.25% A1+ 07

10 Life Ultra Short Term Fund A fund that aims to provide the convenience of parking your savings with an opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits) SAVINGS SOLUTIONS Conservative Returns Low-Medium Risk 1 month + High Liquidity Fund Manager: Mr. Kaustubh Gupta & Mr. Lokesh Mallya Managing Fund Since: Sep 29, 2009 Total Experience: 5 years & 5 years Date of inception: April 19, 2002 Nature of the scheme: An Open-ended Short Term Income Scheme NAV of Plans / Options ^ Retail Plan : Daily : Fortnightly : Institutional Plan : Daily : Weekly : Fortnightly : ^The Face Value per unit of all the plans/ options under Life Ultra Short Term Fund has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: Short Term Bond Fund Index Quarterly Average AUM: ` Crores Rating Profile of Portfolio 63.93% Investment Performance - Retail Plan - NAV as on June 29, 2012: ` Date of Inception: April 19, % 24.89% Other Cash & Current Assets AAA Life Ultra Short Term Fund Short Term Bond Fund Index # 1 Year T-Bill Index ## Life Ultra Short Term Fund Short Term Bond Fund Index # 1 Year T-Bill Index ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Kaustubh Gupta is 75. Total Schemes managed by Mr. Lokesh Mallya is 2. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Load Structure (as % of NAV) Entry Load : Exit Load** : For redemption/switchout of units within 15 days from the date of allotment: 0.25% of applicable NAV. **Exit Load is NIL for units issued in Bonus & Reinvestment. Modified Duration: 0.22 years Yield to Maturity: 9.50% Mark to Market: 0% Standard Deviation: 0.65% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. Issuer % to net Assets Rating Issuer % to net Assets Rating ING Vysya Bank Ltd. 7.89% A1+ Bharat Petroleum Corporation Ltd. 6.57% A1+ ICICI Bank ltd. 7.89% Indian Oil Corporation Ltd. 6.55% [ICRA] A1+ Export-Import Bank of India 7.33% AAA Syndicate Bank 6.53% CARE A1+ The Federal Bank Ltd. 7.21% A1+ Housing Development Finance Corporation Ltd. 5.18% [ICRA] A1+ Power Finance Corporation Ltd. 6.65% AAA National Bank for Agriculture & Rural Development 4.00% AAA 08

11 Life Dynamic Bond Fund An income solution that aims to generate optimal returns through active management by capturing positive price and credit spread movements. SAVINGS SOLUTIONS Conservative Returns Low-Medium Risk 9 month + High Liquidity Fund Manager: Mr. Maneesh Dangi Managing Fund Since: September 12, 2007 Total Experience: 11 years Date of inception: September 27, 2004 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options : Monthly : Quarterly : Benchmark: Composite Bond Fund Index Quarterly Average AUM: ` 8, Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: For redemption / switch-out of units within 180 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 180 days from the date of allotment:. **Exit Load is NIL for units issued in Bonus & Reinvestment. Modified Duration: 2.13 years Yield to Maturity: % Mark to Market: 95% Standard Deviation: 1.07% Rating Profile of Portfolio 9.93% 4.61% 2.60% 0.73% AAA Cash & Current Assets Sovereign Investment Performance - Retail Plan - NAV as on June 29, 2012: ` Date of Inception: Sept 27, % AA Below AA Life Dynamic Bond Fund Composite Bond Fund Index # 10 Year Gilt Index ## Birla Sun Life Dynamic Bond Fund Composite Bond Fund Index # 10 Year Gilt Index ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Maneesh Dangi is 4. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. Issuer % to net Assets Rating Issuer % to net Assets Rating LIC Housing Finance Ltd % AAA IDBI Bank Ltd. 3.90% AA+ Housing Development Finance Corporation Ltd. 6.75% AAA Rural Electrification Corporation Ltd. 3.33% AAA Housing Development Finance Corporation Ltd. 5.30% AAA Hindalco Industries Ltd. 3.01% AA+ National Bank for Agriculture & Rural Development 5.12% AAA Vijaya Bank 2.94% CARE A1+ Power Finance Corporation Ltd. 4.89% AAA Reliance Utilities & Power Private Ltd. 2.89% CARE AAA 09

12 Life Medium Term Plan An income scheme that aims to optimize returns by identifying mispriced credit opportunities in medium term securities in the market and then selectively investing in them. SAVINGS SOLUTIONS Conservative Returns Low-Medium Risk 2 yrs+ High Liquidity Benchmark: Short Term Bond Fund Index Rating Profile of Portfolio Fund Manager: Mr. Maneesh Dangi 4.17% Managing Fund Since: June 25, % Total Experience: 11 years Date of inception: March 25, 2009 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options * 31.79% Retail Plan : Quarterly : - Half Yearly : - Monthly : Institutional Plan Date of Inception: Mar 25, 2009 : Quarterly : - Half Yearly : - Monthly : *the dividend options under the scheme have been renamed w.e.f July 02, Please refer addendum no. 28/2012 dated June 29, 2012 for further details. Investment Performance - Retail Plan - NAV as on June 29, 2012: ` % AA AAA Cash & Current Assets Below AA Life Medium Term Plan Short Term Bond Fund Index # 10 Year Gilt Index ## Birla Sun Life Medium Term Plan Short Term Bond Fund Index # 10 Year Gilt Index ## Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: For Redemption / Switchout of units within 180 days from the date of allotment: 2.50% of applicable NAV, after 180 days but before 365 days from the date of allotment: 2.00% of applicable NAV, after 365 days but before 730 days from the date of allotment:1.00% of applicable NAV, after 730 days from the date of allotment: **Exit Load is NIL for units issued in Bonus & Reinvestment. Modified Duration: 0.72 years Yield to Maturity: 9.80% Mark to Market: 72% Standard Deviation: Institutional Plan: 1.12% Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Maneesh Dangi is 4. Total Schemes managed by Mr. Kaustubh Gupta is 75. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. Top Portfolio Holdings Issuer % to net Assets Rating Issuer % to net Assets Rating Tata Motors Finance Ltd % AA- Aditya Birla Finance Ltd. 7.31% [ICRA] AA Morgan Stanley India Capital Private Ltd % FITCH A1+ Fullerton India Credit Company Ltd. 4.60% [ICRA] AA+ Karvy Stock Broking Ltd. 9.12% [ICRA] A1+ Coffee Day Resorts Private Ltd. 4.17% BWR A+ Cholamandalam Investment & Finance Company Ltd. 8.93% [ICRA] AA Mahindra & Mahindra Financial Services Ltd. 4.02% AA+ Shapoorji Pallonji & Co. Ltd. 7.61% [ICRA] A1+ Andhra Bank 3.88% CARE A1+ 10

13 Life Income Plus A fund that invests in a combination of bonds and Government securities of varying maturities from time to time with an aim to optimize returns. SAVINGS SOLUTIONS Moderate Returns Medium Risk 1 yr + High Liquidity Fund Manager: Mr. Prasad Dhonde Managing Fund Since: Jan 11, 2010 Total Experience: 11 years Date of inception: October 21, 1995 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options : Quarterly : Benchmark: Composite Bond Fund Index Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Modified Duration: 4.80 years Yield to Maturity: 9.10% Mark to Market: 92% Standard Deviation: 2.22% 14.78% Rating Profile of Portfolio 7.70% Investment Performance - NAV as on June 29, 2012: ` Date of Inception: Oct 21, % 53.13% Sovereign AAA AA Cash & Current Assets Life Income Plus Composite Bond Fund Index # 10 Year Gilt Index ## Birla Sun Life Income Plus Composite Bond Fund Index # 10 Year Gilt Index ## N/A N/A N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Prasad Dhonde is 7. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. Issuer % to net Assets Rating Issuer % to net Assets Rating 9.15% GOI 14Nov % Sovereign Canara Bank 8.64% A1+ National Bank for Agriculture & Rural Development 11.67% AAA IDBI Bank Ltd. 4.94% AA+ Rural Electrification Corporation Ltd % AAA Power Finance Corporation Ltd. 4.60% AAA Hindalco Industries Ltd. 9.84% AA+ Punjab National Bank 4.32% CARE A % GOI 11Jun % Sovereign Andhra Bank 4.31% CARE A1+ 11

14 Life Short Term Fund (erstwhile Life Income Fund. Name changed w.e.f February 01, 2012) A moderate income scheme that invests in diversified portfolio of debt and money market instruments of short to medium term maturity which can offer superior levels of yields at relatively lower levels of risk. Fund Manager: Mr. Prasad Dhonde Managing Fund Since: July 01, 2011 Total Experience: 11 years Date of inception: March 3, 1997 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options : Monthly : Rating Profile of Portfolio 11.80% 7.37% 80.83% AAA AA Cash & Current Assets SAVINGS SOLUTIONS Moderate Returns Medium Risk 6 month + High Liquidity Benchmark: Composite Bond Fund Index Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: For Redemption / Switchout of units within 30 days from the date of allotment: 0.50% of applicable NAV. **Exit Load is NIL for units issued in Bonus & Reinvestment. Modified Duration: 1.22 years Yield to Maturity: 9.60% Mark to Market: 92% Standard Deviation: 1.65% Investment Performance - NAV as on June 29, 2012: ` Date of Inception: March 3, 1997 Life Short Term Fund Composite Bond Fund Index # 10 Year Gilt Index ## Life Short Term Fund Composite Bond Fund Index # 10 Year Gilt Index ## N/A N/A N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Prasad Dhonde is 7. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation is calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Issuer % to net Assets Rating Issuer % to net Assets Rating National Bank for Agriculture & Rural Development 12.88% AAA Punjab National Bank 5.26% CARE A1+ Housing Development Finance Corporation Ltd % AAA Bank of India 5.26% A1+ Power Finance Corporation Ltd % AAA Tata Sons Ltd. 4.52% AAA LIC Housing Finance Ltd. 9.55% AAA Sundaram Finance Ltd. 4.48% [ICRA] AA+ IDFC Ltd. 7.17% [ICRA] AAA IDFC Ltd. 3.87% [ICRA] AAA 12

15 Life Floating Rate Fund - Long Term Plan A fund that aims to generate income by investing substantially into floating rate debt/money market instruments. SAVINGS SOLUTIONS Conservative Returns Low Risk 1 month + High Liquidity Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 5 years & 7 years Date of inception: June 05, 2003 Nature of the scheme: An Open-ended Income Scheme Rating Profile of Portfolio 10.51% 89.49% NAV of Plans / Options ^ Retail Plan : Weekly : Institutional Plan : Daily : Weekly : ^The Face Value per unit of all the plans/ options under Life Floating Rate Fund Long Term Plan has been changed from ` 10/- to ` 100/- effective from October 07, 2011 Benchmark: Liquid Fund Index Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: ** Exit Load is NIL for units issued in Bonus & Reinvestment. AAA Investment Performance - Retail Plan - NAV as on June 29, 2012: ` Date of Inception: June 05, 2003 Cash & Current Assets Life Floating Rate Fund - Long Term Plan Liquid Fund Index # 1 Year T - Bill Index ## Birla Sun Life Floating Rate Fund - Long Term Plan Liquid Fund Index # 1 Year T - Bill Index ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 75. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Modified Duration: 0.44 years Yield to Maturity: 9.34% Mark to Market: 48% Standard Deviation: 0.52% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. Issuer % to net Assets Rating Issuer % to net Assets Rating Corporation Bank 8.74% A1+ Power Finance Corporation Ltd. 5.72% AAA ICICI Bank Ltd. 7.69% CARE A1+ Small Industries Development Bank of India 5.71% CARE AAA Punjab National Bank 7.62% CARE A1+ State Bank of Hyderabad 5.71% [ICRA] A1+ Canara Bank 7.52% A1+ Syndicate Bank 5.66% CARE A1+ IDBI Bank Ltd. 5.82% A1+ Oriental Bank of Commerce 5.59% [ICRA] A1+ 13

16 Life Floating Rate Fund - Short Term Plan A fund that provides the convenience of parking your savings with an opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.) SAVINGS SOLUTIONS Conservative Returns Low-Medium Risk 1 day + High Liquidity Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 5 years & 7 years Date of inception: June 05, 2003 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options ^ Retail Plan : Daily : Weekly : Institutional Plan : Daily : Weekly : ^The Face Value per unit of all the plans/ options under Life Floating Rate Fund Short Term Plan has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: Liquid Fund Index Quarterly Average AUM: ` 5, Crores Load Structure (as % of NAV) Exit Load**: ** Exit Load is NIL for units issued in Bonus & Reinvestment. Rating Profile of Portfolio 29.46% AAA Investment Performance - Retail Plan - NAV as on June 29, 2012: ` Date of Inception: June 05, 2003 Cash & Current Assets 70.54% Life Floating Rate Fund - Short Term Plan Liquid Fund Index # 1 Year T - Bill Index ## Birla Sun Life Floating Rate Fund - Short Term Plan Liquid Fund Index # 1 Year T - Bill Index ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 75. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Modified Duration: 0.16 years Yield to Maturity: 9.90% Mark to Market: 0% Standard Deviation: 0.60% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. Issuer % to net Assets Rating Issuer % to net Assets Rating IDFC Ltd % [ICRA] A1+ Dewan Housing Finance Corporation Ltd. 5.48% A1+ Indiabulls Financial Services Ltd. 8.25% A1+ Vijaya Bank 4.84% CARE A1+ Axis Bank Ltd. 7.19% Cholamandalam Investment & Finance Company Ltd. 4.16% [ICRA] A1+ Securities Trading Corporation of India Ltd. 5.54% [ICRA] A1+ JM Finanical Products Pvt. Ltd. 2.77% A1+ Housing Development Finance Corporation Ltd. 5.51% [ICRA] A1+ Morgan Stanley India Capital Private Ltd 2.76% FITCH A1+ 14

17 Life Gilt Plus A fund that aims to generate income and capital appreciation by investing exclusively in Government Securities. SAVINGS SOLUTIONS Moderate Returns Medium Risk 1 yr + High Liquidity Fund Manager: Mr. Prasad Dhonde Managing Fund Since: July 01, 2011 Total Experience: 11 years Date of inception: October 12, 1999 Nature of the scheme: An Open-ended Government Securities Scheme NAV of Plans / Options Liquid Plan : : Annual Option: PF Plan : : Regular Plan : : Benchmark: Liquid Plan: I-Sec SI-BEX PF Plan: I-Sec LI-BEX Regular Plan: I-Sec LI-BEX Quarterly Average AUM: Liquid Plan: ` Crores PF Plan: ` Crores Regular Plan: ` Crores Load Structure (as % of NAV) (Incl.for SIP) Liquid Plan, Regular Plan & PF Plan - Quarterly / Annual Exit Load: PF Plan - Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Modified Duration: Liquid Plan: 0.11 years PF Plan: 4.56 years Regular Plan: 6.40 years Yield to Maturity: Liquid Plan: 7.75% PF Plan: 7.79% Regular Plan: 8.75% Mark to Market: Liquid Plan: 45% PF Plan: 48% Regular Plan: 98% Standard Deviation: Liquid Plan: 1.05% PF Plan: 2.73% Regular Plan: 2.86% Rating Profile of Portfolio Liquid Plan PF Plan Regular Plan 45.81% Cash & Current Assets Investment Performance - Liquid Plan - NAV as on June 29, 2012: ` Date of Inception: Oct 12, 1999 Date of Inception: Oct 12, 1999 Life Gilt Plus- Liquid Plan I-Sec SI-BEX # 1 Year T-Bill Index ## in I-Sec SI-BEX 1 Year Life Gilt Plus - Liquid Plan # T-Bill Index ## N/A N/A N/A N/A Investment Performance - PF Plan - NAV as on June 29, 2012: ` Date of Inception: Oct 12, % Sovereign Life Gilt Plus- PF Plan I-Sec LI-BEX # 10 Year Gilt Index ## in Life Gilt Plus- PF Plan I-Sec LI-BEX # 10 Year Gilt Index ## N/A N/A N/A N/A % Cash & Current Assets Investment Performance - Regular Plan - NAV as on June 29, 2012: ` Life Gilt Plus - Regular Plan I-Sec LI-BEX # 10 Year Gilt Index ## in Life Gilt Plus- Regular Plan I-Sec LI-BEX # 10 Year Gilt Index ## N/A N/A N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Prasad Dhonde is 7. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager % Sovereign Sovereign 1.29% 98.71% Cash & Current Assets Standard Deviation is calculated on annualised basis using 3 year history of monthly returns, source: MFI Explorer. Top Portfolio Holdings - Regular Plan Issuer % to net Assets Rating 9.22% GOI 11Jun % Sovereign Cash & Current Assets 1.29% Top Portfolio Holdings - Liquid Plan Issuer % to net Assets Rating Top Portfolio Holdings - PF Plan Issuer % to net Assets Rating Cash & Current Assets 54.19% Cash & Current Assets 51.44% 91 D TBills 28Sep % Sovereign 9.15% GOI 14Nov % Sovereign 15

18 Life Government Securities Fund A fund that aims to generate current income consistent with the portfolio invested exclusively in Government Securities. SAVINGS SOLUTIONS Moderate Returns Medium Risk 1 yr + High Liquidity Fund Manager: Mr. Maneesh Dangi Managing Fund Since: June 18, 2009 Total Experience: 11 years Date of inception: October 28, 1999 Nature of the scheme: An Open-ended Gilt Scheme NAV of Plans / Options Long Term Plan : Half Yearly : Short Term Plan Retail Plan : Daily : 31 Institutional Plan Daily : 00 Benchmark: Long Term Plan: I-Sec LI-BEX Short Term Plan: I-Sec SI-BEX Quarterly Average AUM: Long Term Plan : ` Crores Short Term Plan : ` 1.53 Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: Long Term Plan: 1% if redeemed / switched out within 365 days from the date of allotment. Short Term Plan: **Exit Load is NIL for units issued in Bonus & Reinvestment. Modified Duration: Long Term Plan: 0.01 years Short Term Plan: 0.00 years Yield to Maturity: Long Term Plan: 7.20% Short Term Plan: 7.20% Mark to Market: Long Term Plan: 0% Short Term Plan: 0% Standard Deviation: Long Term Plan: 2.95% Short Term Plan: 0.69% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. Long Term Plan Date of Inception: Oct 28, 1999 Birla Sun Life Government Securities Fund - Long Term Plan I-Sec LI- BEX # 10 Year Gilt Index ## Investment Performance - Long Term Plan - NAV as on June 29, 2012: ` Birla Sun Life Government Securities Fund - Long Term Plan I-Sec LI- BEX # 10 Year Gilt Index ## N/A N/A N/A N/A Date of Inception: Oct 28, % Cash & Current Assets Rating Profile of Portfolio Birla Sun Life Government Securities Fund - Short Term Plan I-Sec SI- BEX # Short Term Plan % Cash & Current Assets Investment Performance - Short Term Plan - Retail NAV as on June 29, 2012: ` Year T - Bill Index ## Birla Sun Life Government Securities Fund - Short Term Plan I-Sec SI-BEX # 1 Year T - Bill Index ## N/A N/A N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Maneesh Dangi is 4. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Top Portfolio Holdings - Long Term Plan Top Portfolio Holdings - Short Term Plan Issuer % to net Assets Rating Issuer % to net Assets Rating Cash & Current Assets % Cash & Current Assets % 16

19 Life Enhanced Arbitrage Fund A fund that aims to generate income by investing in equity and equity related instruments and take advantage of the price differentials or mis-pricing prevailing in a stock or index. Fund Manager: Mr. Ajay Garg Managing Fund Since: Dec 05, 2011 Total Experience: 15 years Date of inception: July 24, 2009 Nature of the scheme: An Open-ended Equity Scheme NAV of Plans / Options Retail Plan : : Institutional Plan : 00 : 00 Benchmark: Liquid Fund Index SAVINGS SOLUTIONS Conservative Returns Low-Medium Risk 1 yr + High Liquidity Investment Performance - Retail Plan - NAV as on June 29, 2012: ` Date of Inception: July 24, 2009 Birla Sun Life Enhanced Arbitrage Fund Liquid Fund Index # BSE SENSEX ## Birla Sun Life Enhanced Arbitrage Fund Liquid Fund Index # BSE SENSEX ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Quarterly Average AUM: ` 0.97 Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: For Redemption / Switch-out of units before 90 days from the date of allotment: 0.75%. For Redemption / Switch-out of units on or after 90 days but before 180 days from the date of allotment: 0.50%. For Redemption/ Switch-out of units on or after 180 days from the date of allotment:. **Exit Load is NIL for units issued in Bonus & Reinvestment. Issuer % to net Assets Issuer % to net Assets ITC Ltd % Apollo Tyres Ltd. 6.47% Hindustan Petroleum Corporation Ltd % Century Textiles and Industries Ltd. 6.34% Rolta India Ltd. 9.86% Tata Motors Ltd. - DVR 5.42% Bajaj Auto Ltd. 8.05% Punjab National Bank 4.14% Pantaloon Retail (India) Ltd. 7.45% Punjab National Bank Fut Jul % 17

20 Life Short Term Opportunities Fund A scheme that focuses on enhancing the portfolio returns by identifying and selectively investing in mispriced credit opportunities in the market. SAVINGS SOLUTIONS Conservative Returns Low-Medium Risk 1 yr + High Liquidity Fund Manager: Mr. Lokesh Mallya & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 5 years & 7 years Date of inception: May 09, 2003 Nature of the scheme: An Open-ended Income Scheme Rating Profile of Portfolio 45.91% 8.25% 12.86% 32.99% NAV of Plans / Options * Retail Plan : : Quarterly : - Institutional Plan : : Quarterly : - *the dividend options under the scheme have been renamed w.e.f July 02, Please refer addendum no. 28/2012 dated June 29, 2012 for further details. Benchmark: Liquid Fund Index Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl.for SIP) Exit Load**: Modified Duration: 0.83 years Yield to Maturity: 10.03% Mark to Market: 87% Standard Deviation: 0.71% For redemption / switch-out of units within 365 days from the date of allotment: 0.50% of applicable NAV. ** Exit Load is NIL for units issued in Bonus & Reinvestment. Below AA Cash & Current Assets AA AAA Investment Performance - NAV as on June 29, 2012: ` Date of Inception: May 09, 2003 Life Short Term Opportunities Fund Liquid Fund Index # 1 Year T - Bill Index ## Life Short Term Opportunities Fund Liquid Fund Index # 1 Year T - Bill Index ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Lokesh Mallya is 2. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Standard Deviation Is calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Issuer % to net Assets Rating Issuer % to net Assets Rating Morgan Stanley India Capital Private Ltd 11.74% FITCH A1+ ICICI Bank Ltd. 9.11% [ICRA] A1+ Tata Motors Finance Ltd % AA- Fullerton India Credit Company Ltd. 8.86% [ICRA] AA+ Shapoorji Pallonji & Co. Ltd % [ICRA] A1+ Coffee Day Resorts Pvt Ltd 8.25% BWR A+ Karvy Stock Broking Ltd % [ICRA] A1+ Cholamandalam Investment & Finance Company Ltd. 3.44% [ICRA] AA Aditya Birla Finance Ltd. 9.19% [ICRA] AA Canara Bank 2.71% A1+ 18

21 Regular Income Solutions What are Regular Income Solutions? Our Regular Income Solutions aim to preserve your money and provide regular income. Who can benefit from Regular Income Solutions? This is an ideal solutions for investors who are interested in alternative modes of regular income, either in present of after retirement stage, and have low propensity for risk. (Regular income is not assured & is subject to availability of distributable surplus.) Benefits of Regular Income Solutions: They aim to preserve your money & provide regular income: These schemes generally invest in instruments like bonds of reputed Indian companies and securities (bonds) issued by the Government of India which are considered relatively safe in order to generate regular income for you. They aim to fight Inflation: A small part is invested in equity i.e. stocks of Indian companies to help you stay ahead of inflation. Tax-efficient Returns: You may opt for a monthly dividend option where, in addition to the growth of your invested amount, a portion of the same comes to you as monthly income which is given in the form of dividends. These dividends are completely tax-free in your hands! A dividend distribution tax of % is applicable and is deducted by the fund house. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. Wherever mentioned, Regular Income / Second Income / Monthly is not assured and is subject to availability of distributable surplus. The Financial Solution (Regular Income Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 19

22 Life Monthly Income (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.) A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets. REGULAR INCOME SOLUTIONS Moderate Returns Medium Risk 1 yr + High Liquidity Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since: June 18, 2009 Total Experience: 12 years & 11 years Date of inception: July 14, 1999 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options : Monthly : Quarterly : Rating Profile of Portfolio 5.24% 14.73% 27.63% 52.40% AAA AA Other Cash & Current Assets Investment Performance - NAV as on June 29, 2012: ` Benchmark: MIP Blended Index Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl.for SIP) Exit Load**: 1.00% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Modified Duration: 3.12 years Yield to Maturity: 9.52% (for Debt Component) Mark to Market: 91% Standard Deviation: 2.64% Sharpe Ratio##: Beta: 0.68 Date of Inception: July 14, 1999 Life Monthly Income MIP Blended Index # 10 Year Gilt Index ## Birla Sun Life Monthly Income MIP Blended Index # 10 Year Gilt Index ## N/A N/A N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Satyabrata Mohanty is 21. Total Schemes managed by Mr. Nishit Dholakia is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Rating Issuer % to net Assets Rating IDBI Bank Ltd % AA+ Canara Bank 6.63% A1+ LIC Housing Finance Ltd % AAA Power Grid Corporation of India Ltd. 5.58% AAA Power Finance Corporation Ltd % AAA IDFC Ltd. 4.15% [ICRA] AAA Aditya Birla Nuvo Ltd. 8.67% [ICRA] AA+ Tata Sons Ltd. 2.62% AAA Reliance Utilities & Power Private Ltd. 7.54% CARE AAA Axis Bank Ltd. 2.23% A1+ 20

23 Life MIP (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.) A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets. REGULAR INCOME SOLUTIONS Moderate Returns Medium Risk 1 yr + High Liquidity Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since: June 18, 2009 Total Experience: 12 years & 11 years Date of inception: November 20, 2000 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options Monthly / Payment: Monthly : Benchmark: MIP Blended Index Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1.00% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Modified Duration: 2.14 years Yield to Maturity: 9.23% (for Debt Component) Mark to Market: 74% Standard Deviation: 3.12% Sharpe Ratio##: Beta: % Rating Profile of Portfolio 25.76% Investment Performance - Date of Inception: Nov 20, % 17.86% Sovereign AAA AA Other Cash & Current Assets 39.87% Life MIP MIP Blended Index # 10 Year Gilt Index ## NAV as on June 29, 2012: ` Life MIP MIP Blended Index # 10 Year Gilt Index ## N/A N/A N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Satyabrata Mohanty is 21. Total Schemes managed by Mr. Nishit Dholakia is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Rating Issuer % to net Assets Rating IDBI Bank Ltd % AA+ Aditya Birla Nuvo Ltd. 2.13% [ICRA] AA+ LIC Housing Finance Ltd % AAA 06.90% CGL % Sovereign Power Finance Corporation Ltd % AAA City Union Bank Ltd. 0.84% Reliance Utilities & Power Private Ltd. 7.02% CARE AAA IndusInd Bank Ltd. 0.82% Power Grid Corporation of India Ltd. 7.01% AAA HDFC Bank Ltd. 0.82% 21

24 Life MIP II - Wealth 25 Plan (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.) A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets. REGULAR INCOME SOLUTIONS Moderate Returns Medium Risk 1 yr + High Liquidity Fund Manager: Mr. Satyabrata Mohanty & Mr. Kaustubh Gupta Managing Fund Since: June 18, 2009 Total Experience: 12 years & 5 years Date of inception: May 22, 2004 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options Monthly / Payment: Monthly : Benchmark: MIP Blended Index Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: Modified Duration: 3.29 years Yield to Maturity: 9.63% Mark to Market: 95% Standard Deviation: 4.72% Sharpe Ratio##: Beta: % if redeemed/switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Rating Profile of Portfolio 29.96% 4.78% 25.91% Sovereign AA Cash & Current Assets Investment Performance - NAV as on June 29, 2012: ` Date of Inception: May 22, % AAA Other 38.46% Life MIP II - Wealth 25 Plan MIP Blended Index # 10 Year Gilt Index ## Life MIP II - Wealth 25 Plan MIP Blended Index # 10 Year Gilt Index ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Satyabrata Mohanty is 21. Total Schemes managed by Mr. Kaustubh Gupta is 75. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Rating Issuer % to net Assets Rating LIC Housing Finance Ltd % AAA Power Finance Corporation Ltd. 4.87% AAA IDBI Bank Ltd % AA+ Tata Capital Ltd. 2.89% CARE AA+ Power Finance Corporation Ltd. 9.95% AAA Canara Bank 2.39% A1+ Hindalco Industries Ltd. 9.68% AA+ Larsen & Toubro Ltd. 1.90% ICICI Bank Ltd. 6.87% [ICRA] A1+ State Bank of India 1.76% 22

25 Life MIP II - Savings 5 Plan (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.) A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets. REGULAR INCOME SOLUTIONS Moderate Returns Medium Risk 1 yr + High Liquidity Fund Manager: Mr. Satyabrata Mohanty & Mr. Kaustubh Gupta Managing Fund Since: June 18, 2009 Total Experience: 12 years & 5 years Date of inception: May 22, 2004 Nature of the scheme: An Open-ended Income Scheme Rating Profile of Portfolio 9.86% 3.56% 17.67% 68.91% NAV of Plans / Options Monthly / Payment: Monthly : AAA AA Other Cash & Current Assets Investment Performance - NAV as on June 29, 2012: ` Benchmark: MIP Blended Index Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load** : Modified Duration: 2.98 years Yield to Maturity: 9.62% (for Debt Component) Mark to Market: 96% Standard Deviation: 1.54% Sharpe Ratio##: Beta: % if redeemed/switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Date of Inception: May 22, 2004 Life MIP II - Savings 5 Plan MIP Blended Index # 10 Year Gilt Index ## Life MIP II - Savings 5 Plan MIP Blended Index # 10 Year Gilt Index ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Satyabrata Mohanty is 21. Total Schemes managed by Mr. Kaustubh Gupta is 75. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Rating Issuer % to net Assets Rating Power Finance Corporation Ltd % AAA Punjab National Bank 5.98% CARE A1+ IDBI Bank Ltd % AA+ Tata Sons Ltd. 4.74% AAA Reliance Utilities & Power Private Ltd % CARE AAA Axis Bank Ltd. 3.64% A1+ Canara Bank 11.32% A1+ LIC Housing Finance Ltd. 3.18% CARE AAA Reliance Capital Ltd. 7.92% CARE AAA LIC Housing Finance Ltd. 1.93% AAA 23

26 Wealth Creation Solutions What are Wealth Creation Solutions? Our Wealth Creation Solutions aim to grow your money through equity/ gold investments and are available in a range of conservative to aggressive options. Who can benefit from Wealth Creation Solutions? Equity may be considered as an ideal option to give attractive long term returns and hence may be used for funding longterm needs (like child s education, buying a home etc.) Benefits of Wealth Creation Solutions: Tax Free Returns: No capital gains tax (on withdrawal) if you stay invested for over a year as per current tax laws. Invest in the long-term to overcome short-term ups and downs. Risk is lowered: Mutual funds invest in many companies and funds are managed by experts; which can be considered as an alternative to direct investment in shares. Investors are requested to consult their tax advisor before investing for individual nature of tax benefit. The Financial Solution (Wealth Creation Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 24

27 Life Equity Fund A Diversified Equity Fund that looks for opportunities without any sectoral or market cap bias with the aim to give you long term growth of capital. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Mahesh Patil Managing Fund Since: November 17, 2005 Total Experience: 20 years Date of inception: August 27, 1998 Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : Benchmark: BSE 200 Quarterly Average AUM: ` Crores Investment Performance - NAV as on June 29, 2012: ` Date of Inception: Aug 27,1998 Life Equity Fund BSE 200 # Nifty ## Life Equity Fund BSE 200 # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mahesh Patil is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 19.42% Sharpe Ratio##: Beta: 0.91 Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets ICICI Bank Ltd. 5.42% Tata Consultancy Services Ltd. 3.21% ITC Ltd. 4.38% State Bank of India 3.04% Larsen & Toubro Ltd. 4.16% Dr. Reddy's Laboratories Ltd. 2.97% Reliance Industries Ltd. 3.69% Axis Bank Ltd. 2.68% Infosys Ltd. 3.48% Housing Development Finance Corporation Ltd. 2.39% 25

28 Life Advantage Fund A Diversified Equity Fund that aims to achieve long-term growth of capital, at relatively moderate levels of risk through a research-based investment approach. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Satyabrata Mohanty Managing Fund Since: October 17, 2011 Total Experience: 12 years Date of inception: February 24, 1995 Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : Benchmark: BSE SENSEX Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 0.50% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 19.37% Sharpe Ratio##: Beta: 0.89 Date of Inception: Feb 24, 1995 Birla Sun Life Advantage Fund BSE SENSEX # Nifty ## Investment Performance - NAV as on June 29, 2012: ` Birla Sun Life Advantage Fund BSE SENSEX # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Satyabrata Mohanty is 21. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets ICICI Bank Ltd. 6.53% Tata Motors Ltd. - DVR 3.40% Larsen & Toubro Ltd. 6.48% HCL Technologies Ltd. 2.89% State Bank of India 5.99% Axis Bank Ltd. 2.81% HDFC Bank Ltd. 5.18% Jaiprakash Associates Ltd. 2.76% ITC Ltd. 4.70% IDFC Ltd. 2.60% 26

29 Life Midcap Fund A fund that provides an opportunity to invest in midsized companies which can be potential leaders of tomorrow. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Sanjay Chawla Managing Fund Since: September 12, 2007 Total Experience: 22 years Date of inception: October 03, 2002 Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : Benchmark: CNX Midcap Quarterly Average AUM: ` 1, Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Date of Inception: Oct 03, 2002 Life Midcap Fund CNX Midcap # Nifty ## Investment Performance - NAV as on June 29, 2012: ` Birla Sun Life Midcap Fund CNX Midcap # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation: 19.82% Sharpe Ratio##: 0.16 Beta: 0.84 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns,source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets Divis Laboratories Ltd. 4.84% Torrent Pharmaceuticals Ltd. 3.16% Bata India Ltd. 3.49% LIC Housing Finance Ltd. 3.03% Glaxosmithkline Consumer Healthcare Ltd. 3.42% Castrol India Ltd. 2.99% Solar Industries India Ltd. 3.40% Power Finance Corporation Ltd. 2.87% Cadila Healthcare Ltd. 3.31% Sadbhav Engineering Ltd. 2.84% 27

30 Life Frontline Equity Fund A diversified equity fund that invests across sectors in line with BSE200 Index, with a bias for large caps but not exclusively focused on them. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Mahesh Patil Managing Fund Since: November 17, 2005 Total Experience: 20 years Date of inception: August 30, 2002 Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : Benchmark: BSE 200 Quarterly Average AUM: ` 2, Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 18.06% Sharpe Ratio##: 0.12 Beta: 0.86 Date of Inception: Aug 30, 2002 Life Frontline Equity Fund BSE 200 # Nifty ## Investment Performance - NAV as on June 29, 2012: ` Birla Sun Life Frontline Equity Fund BSE 200 # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets ICICI Bank Ltd. 5.43% Dr. Reddy's Laboratories Ltd. 3.28% ITC Ltd. 5.23% State Bank of India 3.21% Infosys Ltd. 4.26% Bharti Airtel Ltd. 2.76% Reliance Industries Ltd. 4.12% Bosch Ltd. 2.76% Larsen & Toubro Ltd. 4.11% Tata Consultancy Services Ltd. 2.75% 28

31 Life Infrastructure Fund A fund that seeks to participate in growth and development of infrastructure in India by investing in equity and equity related securities of companies in the infra sector. Fund Manager: Mr. Mahesh Patil & Mr. Naysar Shah Managing Fund Since: Since inception & Dec 05, 2011 Total Experience: 20 years & 12 years Date of inception: March 17, 2006 Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : 9.70 Benchmark: Nifty Quarterly Average AUM: ` Crores Date of Inception: Mar 17, 2006 Life Infrastructure Fund S&P CNX Nifty # WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity BSE SENSEX ## Investment Performance - NAV as on June 29, 2012: ` Life Infrastructure Fund Nifty # BSE SENSEX ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Mahesh Patil is 5. Total Schemes managed by Mr. Naysar Shah is 2. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 21.68% Sharpe Ratio##: Beta: 0.95 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets ICICI Bank Ltd. 8.07% Reliance Industries Ltd. 3.39% Larsen & Toubro Ltd. 6.24% Bharti Airtel Ltd. 3.31% Cummins India Ltd. 5.28% IndusInd Bank Ltd. 3.04% HDFC Bank Ltd. 3.59% Sadbhav Engineering Ltd. 2.74% The Federal Bank Ltd. 3.55% Tata Motors Ltd. - DVR 2.53% 29

32 Life India GenNext Fund A Fund that strives to benefit from the rising consumption pattern in India, fuelled by high disposable incomes of the young generation (Generation Next). WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Investment Performance - NAV as on June 29, 2012: ` Fund Manager: Mr. Sanjay Chawla Date of Inception: Aug 05, 2005 BSE Managing Fund Since: September 12, 2007 Life India Nifty # SENSEX ## Total Experience: 22 years GenNext BSE Fund Date of inception: August 05, 2005 Life India Nifty # SENSEX GenNext ## Nature of the scheme: An Open-ended Fund Scheme NAV of Plans / Options : : Benchmark: Nifty Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Quarterly Average AUM: ` Crores Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 17.53% Sharpe Ratio##: 0.46 Beta: 0.72 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets HDFC Bank Ltd. 4.94% Bata India Ltd. 3.06% Castrol India Ltd. 4.28% Page Industries Ltd. 2.84% Sun Pharmaceutical Industries Ltd. 4.18% IPCA Laboratories Ltd. 2.75% Cadila Healthcare Ltd. 3.46% Apollo Tyres Ltd. 2.60% ICICI Bank Ltd. 3.20% Hindustan Unilever Ltd. 2.49% 30

33 Life New Millennium Fund A thematic fund that invests in companies related to the IT sector like hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Atul Penkar Managing Fund Since: September 12, 2007 Total Experience: 11 years Date of inception: January 15, 2000 Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : Benchmark: BSE Teck Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 20.01% Sharpe Ratio##: 0.04 Beta: 0.91 Date of Inception: Jan 15, 2000 Life New Millennium Fund BSE Teck # Nifty ## Investment Performance - NAV as on June 29, 2012: ` Life New Millennium Fund BSE Teck # Nifty ## 1.31 N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets Infosys Ltd % MindTree Ltd. 5.35% Tata Consultancy Services Ltd % Wipro Ltd. 3.05% Bharti Airtel Ltd % HCL Technologies Ltd. 3.02% Hexaware Technologies Ltd. 8.11% Dish TV India Ltd. 2.69% Oracle Financial Services Software Ltd. 5.71% Polaris Financial Technology Ltd. 1.35% 31

34 Life Top 100 Fund A large cap focused fund that invests in equity and equity related securities of top 100 companies in India as measured by market capitalization. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Investment Performance - NAV as on June 29, 2012: ` Fund Manager: Mr. Mahesh Patil Date of Inception: Oct 24, 2005 BSE Managing Fund Since: July 29, 2010 Life Top 100 Nifty # SENSEX ## Total Experience: 20 years Fund BSE Date of inception: October 24, 2005 Life Top Nifty # SENSEX 100 Fund ## Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : Benchmark: Nifty Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Quarterly Average AUM: ` Crores Total Schemes managed by Mr. Mahesh Patil is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Load Structure (as % of NAV) (Incl.for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 18.63% Sharpe Ratio##: 0.14 Beta: 0.86 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns,source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets ITC Ltd. 5.68% Reliance Industries Ltd. 3.25% ICICI Bank Ltd. 5.59% State Bank of India 3.23% Larsen & Toubro Ltd. 4.75% Tata Consultancy Services Ltd. 3.16% Infosys Ltd. 3.50% Axis Bank Ltd. 3.02% HDFC Bank Ltd. 3.29% Bharti Airtel Ltd. 2.86% 32

35 Life Buy India Fund An equity fund aiming to capitalize on the growth opportunities provided by companies that are driven by India s large population and consumption patterns. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Investment Performance - NAV as on June 29, 2012: ` Fund Manager: Mr. Ajay Garg Date of Inception: Jan 15, 2000 BSE 200 Managing Fund Since: September 12, 2007 Life Buy # Nifty ## Total Experience: 15 years India Fund BSE 200 Date of inception: January 15, 2000 Life Buy # Nifty India Fund ## Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : Benchmark: BSE 200 Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Quarterly Average AUM: ` Crores Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 0.50% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 19.90% Sharpe Ratio##: 0.29 Beta: 0.87 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets Housing Development Finance Corporation Ltd. 5.76% Wyeth Ltd. 3.69% GlaxoSmithKline Pharmaceuticals Ltd. 4.19% Bata India Ltd. 3.60% Rallis India Ltd. 3.96% Hindustan Unilever Ltd. 3.54% ING Vysya Bank Ltd. 3.80% Shoppers Stop Ltd. 3.52% Bayer Cropscience Ltd. 3.72% Pfizer Ltd. 3.42% 33

36 Life MNC Fund The fund that invests in securities of multinational companies in order to achieve long-term growth of capital with relatively moderate levels of risk. Fund Manager: Mr. Ajay Garg Managing Fund Since: June 18, 2009 Total Experience: 15 years Date of inception: December 27, 1999 Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : Benchmark: CNX MNC Quarterly Average AUM: ` Crores Date of Inception: Dec 27, 1999 Life MNC Fund CNX MNC # WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Nifty ## Investment Performance - NAV as on June 29, 2012: ` Life MNC Fund CNX MNC # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 17.21% Sharpe Ratio##: 0.99 Beta: 0.90 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets ICRA Ltd. 6.97% Bayer Cropscience Ltd. 4.67% ING Vysya Bank Ltd. 6.54% Ltd. 4.37% Honeywell Automation India Ltd. 5.89% Maruti Suzuki India Ltd. 3.75% Bosch Ltd. 4.85% Oracle Financial Services Software Ltd. 3.69% Hindustan Unilever Ltd. 4.72% Cummins India Ltd. 3.56% 34

37 Life Index Fund A fund that is designed to mirror the market performance of the 50 companies in the Nifty Index. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Ajay Garg Managing Fund Since: October 01, 2006 Total Experience: 15 years Date of inception: September 18, 2002 Nature of the scheme: An Open-ended Index Linked Scheme NAV of Plans / Options : : Benchmark: Nifty Quarterly Average AUM: ` Crores Date of Inception: Sept 18, 2002 Life Index Fund Nifty # BSE SENSEX ## Investment Performance - NAV as on June 29, 2012: ` Life Index Fund Nifty # BSE SENSEX ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 0.50% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 20.86% Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. Issuer % to net Assets Issuer % to net Assets ITC Ltd. 7.69% Housing Development Finance Corporation Ltd. 5.31% Reliance Industries Ltd. 6.86% Larsen & Toubro Ltd. 4.14% Infosys Ltd. 6.67% Tata Consultancy Services Ltd. 3.57% ICICI Bank Ltd. 5.71% State Bank of India 3.07% HDFC Bank Ltd. 5.59% Oil & Natural Gas Corporation Ltd 2.78% 35

38 Life India Opportunities Fund A fund that allows investors to participate in India s global outsourcing theme by identifying companies that seek to utilize India s low cost and high quality resources to service the needs of global customers. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Atul Penkar Managing Fund Since: September 12, 2007 Total Experience: 11 years Date of inception: December 27, 1999 Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : Benchmark: 500 Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 0.50% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 19.39% Sharpe Ratio##: 0.16 Beta: 0.86 Date of Inception: Dec 27, 1999 Life India Opportunities Fund 500 # Nifty ## Investment Performance - NAV as on June 29, 2012: ` Life India Opportunities Fund 500 # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets Hexaware Technologies Ltd. 9.00% Ltd. 5.29% Cummins India Ltd. 6.33% Lupin Ltd. 5.04% MindTree Ltd. 6.33% Honeywell Automation India Ltd. 5.01% Oracle Financial Services Software Ltd. 5.96% Wipro Ltd. 4.00% Infosys Ltd. 5.55% Tata Consultancy Services Ltd. 3.90% 36

39 Life Yield Plus A fund that invests in high dividend paying companies across market cap which typically have steady cash flow generation. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Nishit Dholakia Managing Fund Since: January 24, 2011 Total Experience: 11 years Date of inception: February 26, 2003 Nature of the scheme: An Open-ended Scheme NAV of Plans / Options : : Benchmark: 500 Quarterly Average AUM: ` 1, Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 17.35% Sharpe Ratio##: 0.54 Beta: 0.79 Date of Inception: Feb 26, 2003 Life Yield Plus 500 # Nifty ## Investment Performance - NAV as on June 29, 2012: ` Birla Sun Life Yield Plus 500 # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Nishit Dholakia is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets ITC Ltd. 4.24% Glaxosmithkline Consumer Healthcare Ltd. 2.46% Oil & Natural Gas Corporation Ltd. 3.22% Hindustan Petroleum Corporation Ltd. 2.42% Tata Motors Ltd. - DVR 2.99% Oriental Bank of Commerce 2.17% Bajaj Auto Ltd. 2.76% Castrol India Ltd. 2.13% Hero MotoCorp Ltd. 2.68% Hexaware Technologies Ltd. 2.09% 37

40 Life 95 Fund A fund that seeks to achieve long-term growth of your investment at moderate levels of risk by striking a balance between potential growth of equity and relative safety of debt. Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since: June 18, 2009 Total Experience: 12 years & 11 years Date of inception: February 10, 1995 Nature of the scheme: An Open-ended Balanced Scheme NAV of Plans / Options : : Rating Profile of portfolio 4.91% 0.55% 10.82% 14.40% 69.30% Sovereign AAA AA Other Cash & Current Assets WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Benchmark: Balanced Fund Index Quarterly Average AUM: ` Crores Investment Performance - NAV as on June 29, 2012: ` Date of Inception: Feb 10, 1995 Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 12.85% Sharpe Ratio##: 0.23 Beta: 0.90 Life 95 Fund Balanced Fund Index # Nifty ## Life 95 Fund Balanced Fund Index # Nifty ## N/A N/A Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Satyabrata Mohanty is 21. Total Schemes managed by Mr. Nishit Dholakia is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Rating Issuer % to net Assets Rating IDBI Bank Ltd % AA+ Hindalco Industries Ltd. 3.73% AA+ LIC Housing Finance Ltd. 6.05% AAA HDFC Bank Ltd. 3.18% ICICI Bank Ltd. 4.68% Larsen & Toubro Ltd. 3.12% ITC Ltd. 3.89% Infosys Ltd. 2.78% Power Finance Corporation Ltd. 3.75% AAA Tata Consultancy Services Ltd. 2.40% 38

41 Life Asset Allocation Fund An open ended Fund-of-Funds scheme with 3 plans to help you plan your investments to suit your risk profile. WEALTH CREATION SOLUTIONS Moderate Returns Medium-High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Satyabrata Mohanty Managing Fund Since: June 18, 2009 Total Experience: 12 years Date of inception: February 24, 2004 Nature of the scheme: An Open-ended Fund of Funds Scheme NAV of Plans / Options Aggressive Plan : : Conservative Plan : : Moderate Plan : : Benchmark: Aggressive Plan: Nifty Moderate Plan: Balanced Fund Index Conservative Plan: MIP Blended Index Quarterly Average AUM: Aggressive Plan: ` Moderate Plan: ` 6.80 Conservative Plan: ` 5.90 Load Structure (as % of NAV) Exit Load: Standard Deviation Aggressive Plan: 13.09% Conservative Plan: 3.85% Moderate Plan: 9.00% Investment Performance - Aggressive Plan - NAV as on June 29, 2012: ` Date of Inception: Feb 24, 2004 Life AAF - Aggressive Plan Nifty # BSE SENSEX ## in Life AAF - Aggressive Plan Nifty # BSE SENSEX ## Investment Performance - Conservative Plan - NAV as on June 29, 2012: ` Date of Inception: Feb 24, 2004 MIP Blended Index # Nifty ## in Life AAF - Conservative Plan Life AAF - Conservative Plan MIP Blended Index # Nifty ## Investment Performance - Moderate Plan - NAV as on June 29, 2012: ` Date of Inception: Feb 24, 2004 Nifty ## in Life AAF - Moderate Plan Balanced Fund Index # Life AAF - Moderate Plan Balanced Fund Index # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Satyabrata Mohanty is 21. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Top Portfolio Holdings - Moderate Plan Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. Issuer % to net Assets Life Income Plus % Life Advantage Fund % Life Small and Midcap Fund % Life Government Securities Fund Long term % Life India Opportunities Fund % Life Infrastructure Fund % Life Midcap Fund % Life Top 100 Fund % Life Global Multi Comm Plan % Cash & Cash Equivalents 1.69% Top Portfolio Holdings - Aggressive Plan Top Portfolio Holdings - Conservative Plan Issuer % to net Assets Issuer % to net Assets Life Advantage Fund % Life Income Plus % Life Income Plus % Life Advantage Fund % Life Small and Midcap Fund % Life Small and Midcap Fund % Life India Opportunities Fund % Life India Opportunities Fund % Life Infrastructure Fund % Life Infrastructure Fund % Life Midcap Fund % Life Global Multi Commodity Plan % Life Top 100 Fund % Life Midcap Fund % Life Global Multi Comm Plan % Life Government Long Term Plan % Cash & Cash Equivalents 3.07% Life Top 100 Fund % Net receivables / payables 0.05% Cash & Cash Equivalents 5.92% 39

42 Life Special Situations Fund A Fund that endeavors to generate longterm growth by identifying stocks that may have the potential for special situation like buy backs, open offers, demerger, etc. and a contrarian investment style. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Sanjay Chawla Managing Fund Since: September 09, 2008 Date of Inception: Jan 31, 2008 Total Experience: 22 years Date of inception: January 31, 2008 Nature of the scheme: An Open-ended Diversified Equity Scheme NAV of Plans / Options : : Benchmark: BSE 200 Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl.for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 18.87% Sharpe Ratio##: Beta: 0.86 Life Special Situations Fund BSE 200 # Nifty ## Investment Performance - NAV as on June 29, 2012: ` Birla Sun Life Special Situations Fund BSE 200 # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets HDFC Bank Ltd. 5.23% Solar Industries India Ltd. 3.21% ICICI Bank Ltd. 5.22% State Bank of India 3.13% Sun Pharmaceutical Industries Ltd. 4.42% Larsen & Toubro Ltd. 3.04% ITC Ltd. 3.45% Infosys Ltd. 2.91% HCL Technologies Ltd. 3.32% PTC India Ltd. 2.82% 40

43 Life Commodity Equities Fund A Fund that provides exposure to commodities, by investing in handpicked commodity companies worldwide, that have business exposure to various commodities like Energy, Precious metals, Industrial metals, Water and Agricultural commodities. Fund Manager: Mr. Atul Penkar & Mr. Vineet Maloo Managing Fund Since: January 24, 2011 & Since Inception Total Experience: 11 years & 7 years Date of inception: November 07, 2008 Nature of the scheme: An Open-ended Scheme NAV of Plans / Options Global Agri Plan Retail Plan : : Global Multi Commodity Plan Retail Plan : : Global Precious Metals Plan Retail Plan : : Benchmark: Global Agri Plan: S&P Global Agribusiness Index Global Multi Commodities Plan: MSCI World Index Global Precious Metals Plan: Dow Jones Precious Metals Index Quarterly Average AUM: Global Agri Plan: ` Crores Global Multi Commodities Plan: ` Crores Global Precious Metals Plan: ` 4.80 Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 3% if redeemed / switched out within 30 days from the date of allotment. For redemption/switchout of units after 30 days but before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch-out of units after 365 days from the date of allotment:. **Exit Load is NIL for units issued in Bonus & Reinvestment. s Global Agri Plan Standard Deviation: 21.55% Sharpe Ratio##: Beta: 0.67 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 1 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). - Global Agri Plan Global Multi Commodity Plan Standard Deviation: 22.46% Sharpe Ratio##: Beta: 0.94 Global Precious Metals Plan Standard Deviation: 23.71% Sharpe Ratio##: Beta: 0.52 WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Investment Performance - Global Agri Plan -Retail Plan - NAV as on June 29, 2012: ` Date of Inception: Nov 07, 2008 Date of Inception: Nov 07, Global Precious Metals Plan - Global Multi Commodity Plan Issuer % to net Assets Issuer % to net Assets Agrium Inc 6.66% Exxon Mobil Corp 5.24% Mosaic Co 5.86% Schlumberger Ltd 4.08% Deere & Co 5.70% Halliburton Co 4.04% Monsanto Co 5.00% CF Industries Holdings Inc 3.84% Bunge Ltd 4.80% Mosaic Co 3.52% Syngenta AG 4.74% Potash Corp of Saskatchewan Inc 3.18% Viterra Inc 4.53% Agrium Inc 3.06% FMC Corp 4.47% Deere & Co 2.78% Sociedad Quimica y Minera de Chile SA 4.43% Baker Hughes Inc 2.64% Intrepid Potash Inc 4.06% Randgold Resources Ltd 2.54% Life Commodity Equities Fund - Global Agri Plan - Retail Issuer S&P Global Agribusiness Index # Nifty ## % to net Assets Newmont Mining Corp 5.52% AngloGold Ashanti Ltd 5.05% Barrick Gold Corp 5.05% Randgold Resources Ltd 4.94% Yamana Gold Inc 4.65% in Birla Sun Life Commodity Equities Fund - Global Agri Plan - Retail S&P Global Agribusiness Index # Nifty ## Investment Performance - Global Multi Commodities Plan - Retail Plan - NAV as on June 29, 2012: ` Date of Inception: Nov 07, 2008 Investment Performance - Global Precious Metals Plan - Retail Plan - NAV as on June 29, 2012: ` Life Commodity Equities Fund - Global Multi Commodities Plan - Retail Life Commodity Equities Fund - Global Precious Metals Plan- Retail MSCI World Index # Dow Jones Precious Metals Index # Nifty ## Nifty ## in Life Commodity Equities Fund - Global Multi Commodities Plan - Retail MSCI World Index # Nifty ## in Life Commodity Equities Fund - Global Precious Metals Plan- Retail Dow Jones Precious Metals Index # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 5. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. Issuer % to net Assets Goldcorp Inc 4.49% Silver Wheaton Corp 4.14% Agnico-Eagle Mines Ltd 4.10% Centamin Plc 3.87% Kirkland Lake Gold Inc 3.61% 41

44 Life International Equity Fund - Plan A A fund that provides an opportunity to grow your money by investing in worldclass companies across the globe. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Mahesh Patil & Mr. Vineet Maloo Managing Fund Since: Since Inception Total Experience: 20 years & 7 years Date of inception: October 31, 2007 Nature of the scheme: An Open-ended Diversified Equity Scheme NAV of Plans / Options : : Date of Inception: Oct 31, 2007 Birla Sun Life International Equity Fund - Plan A S&P Global 1200 # Nifty ## Investment Performance - NAV as on June 29, 2012: ` Life International Equity Fund - Plan A S&P Global 1200 # Nifty ## Benchmark: S&P Global 1200 Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load: Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Mahesh Patil is 5. Total Schemes managed by Mr. Vineet Maloo is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers.. Standard Deviation: 13.44% Sharpe Ratio##: 0.93 Beta: 0.82 Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets Chubb Corp 5.93% Wal-Mart Stores Inc 3.80% Apple Inc 5.84% Statoil ASA 3.72% Aetna Inc 4.12% Coach Inc 3.65% Taiwan Semiconductor Manufacturing Co. Ltd. 4.05% ENSCO PLC 3.64% Coca-Cola Co. 3.93% PPG Industries Inc 3.54% 42

45 Life International Equity Fund - Plan B A fund that provides an opportunity to grow your money by investing in worldclass companies across the globe, with at least 65% exposure to domestic markets. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Atul Penkar & Mr. Vineet Maloo Date of Inception: Oct 31, 2007 Managing Fund Since: July 29, 2010 / Since Inception Total Experience: 11 years & 7 years Date of inception: October 31, 2007 Nature of the scheme: An Open-ended Diversified Equity Scheme NAV of Plans / Options : : Benchmark: Customised Index A customized benchmark created using BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio. Quarterly Average AUM: ` Crores Birla Sun Life International Equity Fund - Plan B Customised Index # Nifty ## Investment Performance - NAV as on June 29, 2012: ` Life International Equity Fund - Plan B Customised Index # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 5. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Managers. A customized benchmark created using BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio. Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 15.02% Sharpe Ratio##: Beta: 0.94 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns,source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets ITC Ltd. 4.19% Infosys Ltd. 2.29% Larsen & Toubro Ltd. 3.59% Bharti Airtel Ltd. 2.22% ICICI Bank Ltd. 3.42% Reliance Industries Ltd. 2.21% HDFC Bank Ltd. 2.43% Axis Bank Ltd. 2.17% Tata Consultancy Services Ltd. 2.42% Reliance Capital Ltd. 2.15% 43

46 Life Small & Midcap Fund An Equity fund that aims to generate growth and capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Investment Performance - NAV as on June 29, 2012: ` Fund Manager: Mr. Sanjay Chawla Date of Inception: May 31, 2007 S & P CNX Managing Fund Since: July 29, 2010 Life Small & Midcap # Nifty ## Total Experience: 22 years Midcap Fund S & P CNX Date of inception: May 31, 2007 Life Small Midcap Nifty & Midcap # ## Nature of the scheme: An Open-ended Small & Fund Mid Cap Equity Scheme NAV of Plans / Options : : Benchmark: Midcap Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Quarterly Average AUM: ` Crores Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 19.30% Sharpe Ratio##: 0.31 Beta: 0.79 Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets Wabco India Ltd. 4.89% Madras Cements Ltd. 2.70% Solar Industries India Ltd. 3.90% Carborundum Universal Ltd. 2.61% Torrent Pharmaceuticals Ltd. 3.04% Persistent Systems Ltd. 2.34% PTC India Ltd. 3.01% IPCA Laboratories Ltd. 2.32% Corporation Bank 2.82% Britannia Industries Ltd. 2.22% 44

47 Life India Reforms Fund An Equity fund that aims to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Fund Manager: Mr. Naysar Shah Managing Fund Since: January 24, 2011 Total Experience: 12 years Date of inception: June 25, 2010 Nature of the scheme: An Open-ended Equity Scheme NAV of Plans / Options : 8.78 : 8.78 Benchmark: 500 Quarterly Average AUM: ` Crores Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 1 year from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Date of Inception: June 25, 2010 Life India Reforms Fund S & P CNX 500 # Nifty ## Investment Performance - NAV as on June 29, 2012: ` 8.78 Life India Reforms Fund S & P CNX 500 # Nifty ## Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Naysar Shah is 2. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Standard Deviation: 26.37% Sharpe Ratio##: Beta: 0.96 Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 1 years history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets ICICI Bank Ltd. 9.66% The Federal Bank Ltd. 3.85% Larsen & Toubro Ltd. 7.01% Max India Ltd. 3.85% Sadbhav Engineering Ltd. 5.16% Oil & Natural Gas Corporation Ltd. 3.26% Gujarat State Fertilizers & Chemicals Ltd. 4.22% Power Grid Corporation of India Ltd. 3.25% HDFC Bank Ltd. 4.03% State Bank of India 3.09% 45

48 Life Pure Value Fund An Open ended Diversified Equity fund that follows value investing strategy to generate consistent long-term capital appreciation. WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Investment Performance - NAV as on June 29, 2012: ` Fund Manager: Mr. Nishit Dholakia Date of Inception: Mar 27, 2008 BSE 200 Managing Fund Since: January 24, 2011 Life Pure # Nifty ## Total Experience: 11 years Value Fund BSE 200 Date of inception: March 27, 2008 Life Pure # Nifty Value ## Nature of the scheme: An Open-ended Diversified Fund Equity Scheme NAV of Plans / Options : : Benchmark: BSE 200 Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax Quarterly Average AUM: ` Crores free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Nishit Dholakia is 5. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Load Structure (as % of NAV) (Incl. for SIP) Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 18.32% Sharpe Ratio##: 0.25 Beta: 0.75 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets Glaxosmithkline Consumer Healthcare Ltd. 5.21% City Union Bank Ltd. 4.04% FAG Bearings India Ltd. 4.46% Oil & Natural Gas Corporation Ltd. 3.68% PTC India Ltd. 4.25% Karur Vysya Bank Ltd. 3.66% Wabco India Ltd. 4.20% Gateway Distriparks Ltd. 3.54% HCL Technologies Ltd. 4.11% Dena Bank 3.41% 46

49 Life Long Term Advantage Fund An Open ended Equity fund that invests in a Diversified portfolio of equity and equity related securities WEALTH CREATION SOLUTIONS High Returns High Risk 3 yrs+ High Liquidity Investment Performance - NAV as on June 29, 2012: ` Fund Manager: Mr. Atul Penkar Date of Inception: Oct 10, 2006 BSE Managing Fund Since: January 24, 2011 Life Long SENSEX Nifty ## Total Experience: 11 years Term # BSE Advantage Date of inception: October 10, 2006 Life Long SENSEX Nifty Fund Term # ## Nature of the scheme: An Open Ended Diversified Advantage Equity Scheme Fund NAV of Plans / Options : : Benchmark: BSE SENSEX option would assume reinvestment of tax Past performance may or may not be sustained in future. Returns for dividend Quarterly Average AUM: ` Crores free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 53 to know more on performance of schemes managed by Fund Manager. Load Structure (as % of NAV) (Incl. for SIP) Exit Load: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Reinvestment. Standard Deviation: 18.44% Sharpe Ratio##: 0.13 Beta: 0.83 Standard Deviation & Sharpe Ratio are calculated son Annualised basis using 3 years history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.27% (91 day T-bill yield as on Jun 29, 2012). Issuer % to net Assets Issuer % to net Assets ITC Ltd. 5.90% HDFC Bank Ltd. 3.02% ICICI Bank Ltd. 5.26% Reliance Industries Ltd. 2.83% Larsen & Toubro Ltd. 4.09% Tata Consultancy Services Ltd. 2.78% Oil & Natural Gas Corporation Ltd. 3.72% Divis Laboratories Ltd. 2.67% Infosys Ltd. 3.44% Nifty Fut Jul % 47

50 Tax Savings Solutions What are Tax Savings Solutions? Our Tax Savings Solutions help to reduce your tax burden and at the same time, aim to grow your money through equity investments. Who can benefit from Tax Savings Solutions? Tax saving is important, especially when investors can save up to ` 30,900 in taxes! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing the taxable income by up to ` 1 lakh. But, wealth creation is also important. Isn t it? That s why this solution is ideal for investors who would like to create wealth along with tax saving. Tax savings of ` 30,900 is calculated assuming qualifying amount of deduction is ` 1 lakh & investor falls in the top income tax slab of 30% & includes applicable cess. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. Benefits of Tax Savings Solutions: Low lock-in period: Your money is locked-in for just 3 years, as against the much longer lock-in periods in other options. Potential to earn dividends: While your money is locked-in for 3 years, you may opt for the dividend option and can receive returns in the form of tax-free dividends during this time. This feature is unique only to tax saving solutions from mutual funds. Earn market linked returns: Since investments are made in stocks of Indian companies, the value of your investment moves with the stock market. Although it comes with market related risks, your money is diversified i.e. spread out across stocks of multiple companies and is being monitored by an investment expert with an aim to minimize such risks. Tax-free returns: When you withdraw your investment after 3 years, the returns are totally tax free. Yes, you save taxes on both, your initial investment and also on the returns. Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. The Financial Solution (Savings Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. 48