Edelweiss Monthly Income Plan* Factsheet February Invest in

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1 Scan QR Code with your mobile and learn more. If you don t have the QR reader, simply download one of the many free applications available for your handset!!! Factsheet February 2012 Invest in Monthly Income Plan* An Open Ended Income Scheme. *Monthly income is not assured and is subject to availability of distributable surplus. For more information, please refer page 2 Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

2 Monthly Income Plan* An Open Ended Income Scheme. *Monthly income is not assured and is subject to availability of distributable surplus. Monthly Income Plan (MIP) aims to generate returns that are consistent with moderate levels of risk and liquidity through active management of a diversified portfolio constituted of debt and money market instruments, securitized debt, government securities, and equity & equity related instruments. Product positioned in the sweet spot between returns of equity and stability of debt Product rationale: Debt portfolio will seek to provide sufficient cushion for investors to earn regular income despite the volatility of the equity component Management of equity portfolio with quant systems will endeavor to produce better risk adjusted returns than conventional MIPs 5 reasons for choosing MIP 1 2 Debt portfolio at lower duration than conventional MIPs: Choose to reduce risk in debt component of portfolio which aims for stability. 3 Quant based Equity Portfolio Management: Equity is a source of enhanced returns and the focus is on getting that right. 4 Asset allocation can be varied in different market conditions: Equity exposure can go upto 30%. 5 Investor-friendly track record of AMC: Regular dividend paying policy. Right time to invest: Equity markets volatile, interest rate scenario has seen significant hardening in high inflation regime. Suitable for all categories of investors S U I T A B I L I T Y Investors looking for a mixture of regular income and capital appreciation to overcome inflation Investors looking for steady returns over a medium term time-frame Investors with a conservative and risk averse profile Investors looking for diversified exposure across asset classes Investors who are nearing retirement or are already retired SMEs / Trusts / High net-worth individuals who are looking for stable returns to keep up with inflation For Scheme details please refer page 20. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

3 Index Equity Funds Absolute Return Fund* An Open-ended Equity Scheme (*The Scheme is an equity-oriented Scheme. Investors in the Scheme are not being offered any guaranteed / assured returns) Diversified Growth Equity Top 100 (E.D.G.E. Top 100) Fund An Open-ended Equity Scheme ELSS Fund An Open-ended Equity Linked Savings Scheme Select Midcap Fund An Open-ended Equity Scheme Equity Enhancer Fund An Open-ended Equity Scheme (Formerly Nifty Enhancer Fund) Debt Funds Ultra Short Term Bond Fund An Open-ended Debt Scheme Monthly Income Plan* An Open-ended Income Scheme (Formerly Income Advantage Fund) *Monthly income is not assured and is subject to availability of distributable surplus. Short Term Income Fund An Open-ended Income Scheme (Formerly Interval Fund - Monthly Interval Fund - Series I, an interval income scheme) Gilt Fund An Open-ended Gilt Scheme Liquid Fund Liquid Fund An Open-ended Liquid Scheme

4 Markets & Beyond February was a quiet month for Gilts as 10 year benchmark stayed in the range of 10 bps; i.e. from 8.15% to 8.25%. In January, RBI finally signaled the turn of the rate cycle by cutting the CRR by 50 basis points. The impact of this on the yields though was muted. For the month of February, short term rates (<3 Month) went up by ~65 basis points due to heavy rollovers by bank. Inflation is showing downward momentum, for the month January WPI inflation came down at 6.55% compared to market expectations of 6.70%. Headline wholesale price index (WPI) inflation, which averaged 9.7% (y-o-y) during April-October 2011, moderated to 9.1% in November and further to 7.5% in December. The decline in inflation was driven largely by a decline in primary food and non-food articles inflation. Non-food manufactured products inflation, however, continues to remain high and well above the RBI s comfort zone, this might delay Repo rate cuts. GDP growth moderated from 7.7% in Q1 to 6.9% in Q2. This was driven by a host of factors, including the weak global environment, the unhealthy fiscal situation, high interest rates and policy and administrative uncertainties. Inflation and Growth dilemma continues to be the key indicator for further policy actions and its future trajectory will determine RBI s policy stance. EQUITY MARKET OUTLOOK: Market update 5.9% in Dec The Indian equity markets carried January momentum into February, clocking gains of The monthly WPI headline inflation was lower at 6.55% YoY in Jan 2012 compared to about 8% by the middle of the month, but got hit by boiling crude oil prices, to end the 7.47% YoY in Dec month up 3.6%. This performance in the equity markets was backed by FII flows to the Quarterly GDP for 4Q of 2011 came in at 6.1% YoY, lowest in three years and below tune of approx. INR 25,000 crores. expectations. Growth has hit a new three year low with earnings expectations for FY 13 now in the Market activity and Valuation range of 6% to 8% for Nifty index. In fixed income markets, short terms rates have been extremely volatile and liquidity in the system tightened substantially post MCX IPO. Markets are factoring rate cuts to start in April, and the slowdown in economic growth also provides a strong case for easing in the days ahead. However, crude is playing the joker in the pack for India and it looks like the easing might get delayed if crude boils over. On the global front, PMIs (Purchasing Managers Index) and consumer confidence indices have been improving worldwide, thereby leading to a risk on trade for the month. Distressed Euro zone nations were able to roll their debt successfully which aided sentiment. in the European region subscribed for 530 billion euros in LTRO 2 by ECB. INR has been stable for the month of February. The macro condition is still precarious with crude prices being the wild card. Outlook What we said last time As we step into February, state election results and Government s deficit number are going to be the key local drivers. Globally, any improvement in Euro zone debt crisis is likely to keep the momentum going. On the fixed income side, RBI s is likely to maintain systemic liquidity using OMO s. We stick to range bound view /4750 to 5250/5400 barring significant events in either direction. What happened? Markets started on a positive note and took off above 5400 swiftly reaching for However, crude being the joker in the pack for India led to a swift and sharp correction with index closing the month just a shade below Crude prices create a two pronged problem in India. It stokes inflation and it increases the fiscal deficit by about 0.5% for about every 10 increase in the price. It drives away local growth and FII flows making this a really scary joker. For the coming month As we step into March, we have lot of important events coming up. State election results, economic survey and Budget are going to be the key local drivers. Globally, any improvement in Euro zone PMIs / Consumer confidence numbers are likely to support the trend. On the fixed income side, RBI s is likely to maintain systemic liquidity using OMO s and a very likely CRR cut in March. Crude oil prices are going to be the key factor in determining the onset and quantum of rate cuts which gets priced in the market quite quickly. The market is factoring in benign crude prices and a pro reform budget. It already got a scare when brent crossed 125 in the last week of Feb, leading to a swift 4% cut. We stick to range bound view, however the range moves up /5200 to 5450/5600 barring significant events in either direction. Stocks which are delivering growth along with quality are likely to continue for the current quarter post the rally. The fate of interest rate sensitive sectors hangs in the balance with crude prices as the key determinant. Macro-economic Indicators Growth in doldrums and crude oil boiling with election results and budget awaited The Industrial Production (IP) number for Dec 2011 came in at 1.8% YoY compared to 9.20% 9.00% 8.80% 8.60% 8.40% 8.20% 8.00% 7.80% 7.60% 7.40% 3 months 6 months 1 Year India Government Actives Curve 2 Years 4 Years 5 Years 31-Jan-12 6 Years 7 Years 29-Feb Years 11 Years Performance of Nifty Sectors: Performance of Size Indices: Index Nifty Flows: Top Performers Bottom Performers Nifty Junior CNX Midcap DEBT MARKET OUTLOOK: 16 Years 30 Years Rs. (Cr.) CY12 (32.0%) Metals (30.1%) (5.0%) Consumer Goods (0.6%) Feb % 6.4% 8.5% Feb 2012 Industrial Manufacturing (19.4%) Automobile (8.4 %) (-3.8%) Telecom (-4.3%) CY % 25.3% 26.1% Valuation and earnings estimates: Nifty is currently trading at 13.5X forward 1Y PE multiple which is below its long term average. Earnings estimates have been downgraded and the current expected annual earnings growth rate for the Nifty is in the range 6% to 10%. CNX Midcap is trading at around 11.5 X forward 1Y PE multiple, at about 22% valuation discount to the Nifty Index and it might be a great opportunity for selective stocks from a 2 to 3 year perspective. Source: Bloomberg, SEBI, Internal research as of March 2, 2012 deposits, while demand deposits showed de-growth of INR 6.7 bn. Credit deceleration is particularly sharp for public sector banks, with growth moderating from 21% to about 15% during the same period. The slowdown in credit off take, though, was moderated slightly by flows from non bank and external sources. Liquidity continues to be in deficit and it worsened in the month of February. The month saw LAF in the range of Rs. 911 Bn. to Rs Bn, compared to average deficit of 1200 bn in January. CRR cut hasn t had the effect some market participants were expecting as liquidity is expected to deteriorate. It will make sense to be watchful of liquidity situation and corporate investment demand (which leads to credit demand for banks) to take further view on credit spreads. The lack of huge investment demand can lead to less primary supply which will then make the existing secondary supply attractive and compression of credit spreads. 1.80% 1.60% 1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 3 months 30,000 25,000 20,000 15,000 10,000 5, ,000-10,000-15,000 6 months Feb-11 Mar-11 1 Year Apr-11 India Corporate Spread Curve 2 Years May-11 3 Years Jun-11 4 Years 31-Jan-12 FII Flows Credit spreads Credit spreads soften by ~10 bps at the shorter end of the curve and ~15bps for the medium duration. Similar trend has been seen for past few months as corporates become reluctant to issue at higher rates, raising demand for existing securities. Non-food credit growth moderated from 21.3% at end-march 2011 to 15.5% by end- February 2012, below the target of 18%. YTD bank credit growth suggest that FY12 growth of 11.2% is lagging below FY %, if we analyse the H2 numbers the growth for both the year is nearly same at 8% indicating some revival in lending activity. It was interesting to note Aggregate Deposit surged up by INR bn for the fortnight ended February 10 compared to previous two consecutive fortnights of deposit slippage. It is the acceleration in time deposits worth INR 330 bn that aided the upswing in aggregate Expected outcome Bond markets, which had rallied in January expecting strong policy action, post the OMO announcement and soft GDP and inflation numbers, were muted post the announcement. Though rates at the longer end of the curve came down, the shorter end of the curve continued to be at elevated levels. Advance tax outflows and Heavy quarter end issuance with put pressure on short term rates. RBI in its 15th March 2012 policy meeting is expected to cut CRR by 50 bps with an aim to improve the liquidity situation. In future, RBI s policy actions in terms of Repo Rate cuts and the deficit number of the Union government will be keenly looked by the market. We continue to believe Non-MTM sensitive investors can remain bullish and start lock-in long term durations as AAA yields of 9.80% plus across the curve offer attractive risk-reward returns for sometime now. Source: Bloomberg, Internal research as of March 2, 2012 Jul-11 5 Years Aug-11 6 Years Sep Feb-12 Oct-11 7 Years Nov-11 8 Years Dec-11 9 Years Jan Years Feb-12

5 ABSOLUTE RETURN Fund* (* The Scheme is an equity - oriented scheme. Investors in the Scheme are not being offered any guaranteed / assured returns.) As on February 29, 2012 PORTFOLIO Name of Instrument % to Net Assets Name of Instrument % to Net Assets Name of Instrument % to Net Assets Equity Fund EQUITY & EQUITY RELATED Listed / awaiting listing on the stock exchanges Auto Bajaj Auto 1.15 Eicher Motors 0.69 Tata Motors 0.51 Hero MotoCorp 0.47 Auto Ancillaries Bosch 0.91 HDFC Bank 2.99 Bank of Baroda 0.32 Axis Bank 1.50 Punjab National Bank 0.30 Syndicate Bank 0.69 Yes Bank 0.38 The Federal Bank 0.37 Jammu & Kashmir Bank 0.37 Kotak Mahindra Bank 0.34 ING Vysya Bank 0.33 Karur Vysya Bank 0.33 Cement Grasim Industries 0.60 UltraTech Cement 0.48 Ambuja Cement 0.24 ACC 0.23 Chemicals Godrej Industries 0.43 Oberoi Realty 0.36 Project Larsen & Toubro 0.93 Engineers India 0.32 Consumer Durables Havells India 0.78 Hindustan Unilever 1.86 ITC 0.96 Nestle India 0.60 Asian Paints 0.53 GlaxoSmithKline Consumer Healthcare 0.45 Godrej Consumer Products 0.43 Titan Industries 0.39 Goodlass Nerolac Paints 0.37 Dabur India 0.23 Colgate Palmolive (India) 0.22 Tata Steel 1.50 Housing Development Corporation 1.44 Mahindra & Mahindra Financial Services 0.79 Infrastructure Development Company 0.38 LIC Housing 0.33 Rural Electrification Corporation 0.32 Hotels EIH 0.35 Minerals/Mining Gujarat Mineral Development Corporation 0.79 Non - Hindustan Zinc 0.38 Oil Oil & Natural Gas Corpn 1.57 Oil India 0.51 Petroleum Products Reliance Industries 0.91 Lupin 0.67 Aventis Pharma 0.60 Divi's Laboratories 0.36 GlaxoSmithKline 0.24 Sun Industries 0.17 Jaiprakash Ventures 0.37 Infosys 0.99 Tata Consultancy Services 2.02 Wipro 1.73 HCL Technologies 0.38 Telecom - Services Bharti Airtel 1.06 Listed / awaiting listing on the stock exchanges: Reversed Positions Punjab National Bank Mar Punjab National Bank 1.01 Bank of Baroda Mar Bank of Baroda 1.58 Jaiprakash Associates Mar Jaiprakash Associates 1.84 Project Larsen & Toubro Mar Larsen & Toubro 3.07 United Spirits Feb United Spirits 1.04 Tata Global Beverages Mar Tata Global Beverages 3.80 Jindal Steel & Mar Jindal Steel & 0.71 IFCI Mar IFCI 0.42 Industrial Capital Goods Praj Industries Mar Praj Industries 0.59 Non - Sterlite Industries ( India ) Mar Sterlite Industries ( India ) 0.23 GVK & Infrastructure Mar GVK & Infrastructure 0.33 Grid Corporation of India Mar Grid Corporation of India 2.33 Retailing Pantaloon Retail (India) Mar Pantaloon Retail (India) 6.85 Infosys Mar Infosys 2.40 Telecom - Services Reliance Communications Mar Reliance Communications 0.11 DERIVATIVES Index Future NIFTY Index Future Mar Index Option NIFTY 5600 Put Mar Reliance Infrastructure Mar BONDS & NCDs 0.03 Listed / awaiting listing on the stock exchanges ICRA AA+ Dr. Reddy's Laboratories 0.03 OTHERS Fixed Deposit 6.05 Unrated Corporation Bank 6.05 Cash & Cash Equivalents CBLO / Reverse Repo Investments 4.73 Net Receivable/Payable GRAND TOTAL Notes: **Thinly traded/non traded securities as defined in SEBI Regulations and Guidelines. Fixed Deposit placed under margin : `200 Lakhs. Total Exposure to derivative instruments (excluding reversed positions) as on 29/02/2012 : ` Lakhs. INDUSTRY ALLOCATION DIVIDEND HISTORY Auto Oil Cement Project Telecom - Services Petroleum Products Auto Ancillaries Minerals/Mining Consumer Durables Chemicals Non - Hotels 8.18% 7.06% 5.20% 5.13% 3.87% 3.77% 3.13% 2.65% 2.29% 2.27% 1.97% 1.94% 1.08% 0.94% 0.92% 0.91% 0.89% 12.83% 15.13% 19.84% Record Date Plan/ Option Name NAV on Record Date (`) Amount of Dividend (`) 29/07/2011 Dividend Plan per unit 28/10/2011 Dividend Plan per unit 27/01/2012 Dividend Plan per unit Dividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future. NAV as on February 29, 2012 ` Per Unit Growth Option Dividend Option 10.83

6 DIVERSIFIED GROWTH EQUITY TOP 100 (E.D.G.E. Top 100 ) Fund Equity Fund PORTFOLIO Name of Instrument % to Net Assets EQUITY & EQUITY RELATED Listed / awaiting listing on the stock exchanges Auto Bajaj Auto 2.25 Eicher Motors 1.26 Tata Motors 0.99 Hero MotoCorp 0.86 Auto Ancillaries Bosch 2.12 Axis Bank 5.27 HDFC Bank 3.75 Syndicate Bank 1.39 ICICI Bank 1.24 Karur Vysya Bank 1.20 Jammu & Kashmir Bank 0.68 Yes Bank 0.66 Kotak Mahindra Bank 0.66 Bank of Baroda 0.65 The Federal Bank 0.61 Punjab National Bank 0.61 ING Vysya Bank 0.59 Cement Grasim Industries 1.13 UltraTech Cement 0.89 ACC 0.47 Ambuja Cement 0.40 Chemicals Godrej Industries 0.79 Oberoi Realty 1.40 Jaiprakash Associates 0.36 Project Larsen & Toubro 3.55 Lanco Infratech 0.45 Engineers India 0.40 Consumer Durables Havells India 1.38 Hindustan Unilever 2.62 ITC 1.26 Nestle India 1.20 GlaxoSmithKline Consumer Healthcare 0.88 Asian Paints 0.80 Dabur India 0.66 Colgate Palmolive (India) 0.62 Godrej Consumer Products 0.56 Titan Industries 0.39 Goodlass Nerolac Paints 0.28 Tata Steel 1.82 Jindal Steel & 1.15 Housing Development Corporation 2.87 Mahindra & Mahindra Financial Services 1.36 Rural Electrification Corporation 0.65 Infrastructure Development Company 0.63 LIC Housing 0.63 Healthcare Services Apollo Hospitals Enterprise 0.23 Hotels EIH 0.55 Minerals/Mining Gujarat Mineral Development Corporation 1.39 Non - Hindustan Zinc 0.65 Sterlite Industries ( India ) 0.44 Oil Oil & Natural Gas Corpn 1.88 Oil India 1.46 Petroleum Products Reliance Industries 3.06 Lupin 0.93 GlaxoSmithKline 0.66 Aventis Pharma 0.51 As on February 29, 2012 Name of Instrument % to Net Assets Name of Instrument % to Net Assets Divi's Laboratories 0.41 Dr. Reddy's Laboratories 0.37 Sun Industries 0.33 Jaiprakash Ventures 0.61 GVK & Infrastructure 0.38 Infosys 3.71 Tata Consultancy Services 3.11 Wipro 2.34 HCL Technologies 0.67 Telecom - Services Bharti Airtel 0.89 DERIVATIVES Index Future NIFTY Index Future Mar Reliance Infrastructure Mar Index Option NIFTY 5200 Call Mar BONDS & NCDs Listed / awaiting listing on the stock exchanges 0.02 ICRA AA+ Dr. Reddy's Laboratories 0.02 OTHERS Fixed Deposit Unrated Corporation Bank 5.92 Cash & Cash Equivalents CBLO / Reverse Repo Investments Net Receivable/Payable GRAND TOTAL Notes: Fixed Deposit placed under margin : `100 Lakhs. Total Exposure to derivative instruments as on 29/02/2012 : ` Lakhs. INDUSTRY ALLOCATION DIVIDEND HISTORY Record Date Plan/ Option Name NAV on Record Date (`) Amount of Dividend (`) Auto Project Oil Petroleum Products Cement Auto Ancillaries Minerals/Mining Consumer Durables Non - - Telecom - Services Chemicals Hotels Healthcare Services 7.78% 6.80% 5.56% 4.23% 4.06% 3.87% 3.76% 3.66% 2.69% 2.23% 1.76% 1.75% 1.38% 1.26% 1.13% 1.00% 0.70% 0.28% 12.44% 11.71% 21.93% 05/07/2011 Plan A & Plan C (Plan A) (Plan C) 1.00 per unit 19/07/2011 Plan A & Plan C (Plan A) (Plan C) 1.00 per unit Dividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future. NAV as on February 29, 2012 ` Per Unit Plan A - Growth Option Plan A - Dividend Option Plan B - Growth Option Plan B - Dividend Option Plan C - Growth Option Plan C - Dividend Option 12.27

7 ELSS Fund Equity Fund As on February 29, 2012 PORTFOLIO Name of Instrument % to Net Assets Name of Instrument % to Net Assets Name of Instrument % to Net Assets EQUITY & EQUITY RELATED Listed / awaiting listing on the stock exchanges Auto Tata Motors 2.14 Bajaj Auto 1.88 Auto Ancillaries Bosch 2.25 Axis Bank 3.61 Kotak Mahindra Bank 2.95 Bank of Baroda 2.35 Allahabad Bank 2.31 Corporation Bank 2.20 HDFC Bank 2.03 The Federal Bank 1.35 UCO Bank 1.12 Indian Bank 1.11 IndusInd Bank 0.77 Punjab National Bank 0.63 Bank of India 0.39 Cement Shree Cements 1.46 UltraTech Cement 0.68 ACC 0.65 Ambuja Cement 0.58 Chemicals Gujarat Fluorochemicals 1.45 IRB Infrastructure Developers 1.48 Project Engineers India 2.99 Larsen & Toubro 2.33 Voltas 1.44 Consumer Durables Havells India 2.73 Hindustan Unilever 2.48 Jubilant Foodworks 1.57 Asian Paints 1.57 ITC 1.05 Dabur India 1.00 Godrej Consumer Products 0.99 Nestle India 0.89 GlaxoSmithKline Consumer Healthcare 0.87 Colgate Palmolive (India) 0.87 Tata Global Beverages 0.83 Titan Industries 0.73 Tata Steel 0.61 Indiabulls Financial Services 3.20 Bajaj Finserv 3.10 Housing Development Corporation 2.22 LIC Housing 1.37 Infrastructure Development Company 0.87 Rural Electrification Corporation 0.86 Industrial Capital Goods Pipavav Shipyard 2.82 Thermax 1.00 Industrial Products Bharat Forge 1.47 Non - Sterlite Industries ( India ) 0.71 Hindustan Zinc 0.70 Oil Oil & Natural Gas Corpn 1.69 Oil India 1.57 Opto Circuits (India) 2.91 GlaxoSmithKline 1.46 Dr. Reddy's Laboratories 1.36 Sun Industries 0.12 Torrent 2.43 Neyveli Lignite Corporation 1.75 HCL Technologies 3.01 Tata Consultancy Services 1.25 Wipro 1.09 Infosys 0.53 Telecom - Services Bharti Airtel 1.42 Transportation Blue Dart Express 2.87 OTHERS 1.88 Cash & Cash Equivalents CBLO / Reverse Repo Investments 1.41 Net Receivable/Payable 0.47 GRAND TOTAL INDUSTRY ALLOCATION DIVIDEND HISTORY 13.10% 21.21% Record Date Plan/ Option Name NAV on Record Date (`) Amount of Dividend (`) 24/12/2010 Dividend Plan per unit Project Auto Industrial Capital Goods 6.89% 6.00% 5.97% 4.27% 4.10% 3.90% 11.83% 21/01/2011 Dividend Plan /02/2011 Dividend Plan per unit 2.00 per unit Dividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future. Cement Oil 3.43% 3.32% NAV as on February 29, 2012 ` Per Unit Transportation Consumer Durables Auto Ancillaries 2.93% 2.78% 2.30% Growth Option Dividend Option % Industrial Products 1.49% Chemicals 1.47% Telecom -Services 1.44% Non % 0.62%

8 SELECT MIDCAP Fund Equity Fund As on February 29, 2012 PORTFOLIO Name of Instrument % to Net Assets Name of Instrument % to Net Assets Name of Instrument % to Net Assets EQUITY & EQUITY RELATED Listed / awaiting listing on the stock exchanges Auto Ancillaries Bosch 1.69 Apollo Tyres 0.83 WABCO-TVS (INDIA) 0.69 Allahabad Bank 1.90 Corporation Bank 1.80 UCO Bank 1.21 The Federal Bank 1.15 Dena Bank 1.11 Bank of Maharashtra 1.10 State Bank of Bikaner and Jaipur 0.76 United Bank of India 0.73 South Indian Bank 0.65 Indian Bank 0.65 Cement India Cements 2.12 Madras Cements 2.06 Shree Cements 1.30 Chemicals Gujarat Fluorochemicals 1.12 Indiabulls Real Estate 0.68 IRB Infrastructure Developers 0.60 Project Engineers India 1.70 Consumer Durables Havells India 3.58 Jubilant Foodworks 3.37 Asian Paints 1.71 Colgate Palmolive (India) 1.68 Godrej Consumer Products 1.67 Dabur India 1.66 Nestle India 1.66 GlaxoSmithKline Consumer Healthcare 1.56 Hindustan Unilever 1.55 Shree Renuka Sugars 1.31 Tata Global Beverages 1.15 Monnet Ispat 1.96 Jsw Ispat Steel 0.52 Fertilisers National Fertilizers 1.14 Bajaj Finserv 3.64 Indiabulls Financial Services 1.81 Dewan Housing Corporation 1.30 IFCI 0.68 Sundaram 0.66 Bajaj 0.65 Gas BOC India 2.17 Hotels Indian Hotels Co Industrial Capital Goods Pipavav Shipyard 1.74 Industrial Products Bharat Forge 0.40 SKF India 0.18 Media & Entertainment HT Media 0.52 Oil Oil India 1.62 Opto Circuits (India) 3.32 GlaxoSmithKline 1.37 Abbott India 0.19 Piramal Healthcare 0.16 Strides Arcolab 0.09 KSK Energy Ventures 1.29 Torrent 1.06 Indiabulls 0.65 Hexaware Technologies 2.34 Financial Technologies (India) 1.29 Telecom - Services Tata Communications 1.06 Textile Products Arvind 0.65 Trading Redington (India) 0.66 Transportation Blue Dart Express 2.22 IL&FS Transportation Networks 1.07 DERIVATIVES Index Future NIFTY Index Future Mar OTHERS Fixed Deposit Unrated Corporation Bank 4.06 Cash & Cash Equivalents CBLO / Reverse Repo Investments Net Receivable/Payable GRAND TOTAL Notes: Fixed Deposit placed under margin : `20 Lakhs. Total Exposure to derivative instruments as on 29/02/2012 : `81.59 Lakhs. INDUSTRY ALLOCATION NAV as on February 29, 2012 ` Per Unit Cement Consumer Durables Transportation Auto Ancillaries Gas Industrial Capital Goods Project Oil Fertilisers Chemicals Hotels Telecom - Services Trading Textile Products Industrial Products Media & Entertainment 6.67% 6.25% 4.42% 4.35% 4.00% 3.91% 3.65% 3.01% 2.64% 2.11% 2.06% 1.98% 1.56% 1.39% 1.36% 1.30% 1.29% 0.80% 0.79% 0.69% 0.64% 13.45% 10.61% 21.06% Growth Option Dividend Option 10.28

9 EQUITY ENHANCER Fund (Formerly Nifty Enhancer Fund) The name of the scheme was changed w.e.f January 1, 2012 Equity Fund As on February 29, 2012 PORTFOLIO Name of Instrument % to Net Assets Name of Instrument % to Net Assets Name of Instrument % to Net Assets EQUITY & EQUITY RELATED Listed / awaiting listing on the stock exchanges Auto Tata Motors 2.83 Mahindra & Mahindra 1.95 Bajaj Auto 1.45 Hero MotoCorp 1.10 Maruti Suzuki India 0.99 ICICI Bank 6.20 HDFC Bank 5.51 State Bank of India 3.43 Axis Bank 1.82 Kotak Mahindra Bank 1.20 Punjab National Bank 0.75 Cement Grasim Industries 1.05 Ambuja Cement 0.72 ACC 0.72 Jaiprakash Associates 0.51 DLF 0.49 Project Larsen & Toubro 4.17 ITC 6.60 Hindustan Unilever 2.31 Tata Steel 1.87 Jindal Steel & 1.35 Steel Authority of India 0.36 Housing Development Corporation 5.22 Infrastructure Development Company 0.99 Gas GAIL (India) 1.00 Industrial Capital Goods Bharat Heavy Electricals 1.44 Siemens 0.40 Minerals/Mining Coal India 1.26 Sesa Goa 0.50 Non - Hindalco Industries 1.14 Sterlite Industries ( India ) 1.04 Oil Oil & Natural Gas Corpn 2.35 Cairn India 0.80 Petroleum Products Reliance Industries 8.23 Bharat Petroleum Corpn Dr. Reddy's Laboratories 1.24 Sun Industries 1.23 Cipla 0.96 Ranbaxy Laboratories 0.39 NTPC 1.38 Tata Co Grid Corporation of India 0.95 Reliance Infrastructure 0.49 Reliance 0.39 Infosys 8.26 Tata Consultancy Services 3.69 Wipro 1.30 HCL Technologies 0.71 Telecom - Services Bharti Airtel 2.50 Reliance Communications 0.37 BONDS & NCDs Listed / awaiting listing on the stock exchanges 0.02 ICRA AA+ Dr. Reddy's Laboratories 0.02 OTHERS 2.75 Cash & Cash Equivalents CBLO / Reverse Repo Investments 2.57 Net Receivable/Payable 0.18 GRAND TOTAL INDUSTRY ALLOCATION NAV as on February 29, 2012 ` Per Unit Petroleum Products Auto Project Oil Telecom - Services Cement Non - Industrial Capital Goods Minerals/Mining Gas 9.17% 9.00% 8.55% 6.39% 4.43% 4.29% 3.92% 3.68% 3.24% 2.96% 2.55% 2.24% 1.89% 1.80% 1.03% 1.03% 14.36% 19.45% Plan A - Growth Option Plan A - Dividend Option Plan B - Growth Option Plan B - Dividend Option Plan C - Growth Option Plan C - Dividend Option There are no investors under this option.

10 ULTRA SHORT TERM BOND Fund Debt Fund PORTFOLIO Name of Instrument % to Net Assets MONEY MARKET INSTRUMENTS Certificate of Deposit** CRISIL A+ UCO Bank Oriental Bank of Commerce ICICI Bank 8.01 Kotak Mahindra Bank 8.01 Commercial Paper** ICRA A1+ Aditya Birla ASSET ALLOCATION Money Market Instruments 22.38% As on February 29, 2012 Cash & Cash Equivalent 77.62% OTHERS Fixed Deposit Unrated State Bank of Travancore Cash & Cash Equivalents CBLO / Reverse Repo Investments 1.37 Net Receivable/Payable 1.86 GRAND TOTAL **Thinly traded/non traded securities as defined in SEBI Regulations and Guidelines. DIVIDEND HISTORY NAV a s on February 29, 2012 ` Per Unit Record Date Plan/ Option NAV on Amount of Amount of Name Record Date Dividend -Retail Dividend -Corporate (`) (`) (`) 30/12/2011 Retail - Dividend per unit per unit (Monthly) 31/01/2012 Retail - Dividend (Monthly) per unit per unit 29/02/2012 Retail - Dividend per unit per unit (Monthly) Dividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future. Retail Plan - Growth Option Retail Plan - Dividend Daily Option Retail Plan - Dividend Weekly Option Retail Plan - Dividend Fortnightly Option Retail Plan - Dividend Monthly Option Institutional Plan - Growth Option Institutional Plan - Dividend Daily Option Institutional Plan - Weekly Dividend Option^ - Institutional Plan - Monthly Dividend Option^ - ^ There are no investors under this option RATING PROFILE Sector / Rating Percent CRISIL A ICRA A Unrated Cash & Cash Equivalent 3.23 Total

11 MONTHLY INCOME Plan (Formerly Income Advantage Fund) PORTFOLIO EQUITY & EQUITY RELATED Listed/awaiting listing on the stock exchanges Auto Tata Motors 1.01 Eicher Motors 0.99 Syndicate Bank 1.05 Axis Bank 1.01 HDFC Bank 0.96 Karur Vysya Bank 0.88 Jammu & Kashmir Bank 0.51 ING Vysya Bank 0.50 Yes Bank 0.47 The Federal Bank 0.47 Chemicals Godrej Industries 0.58 Oberoi Realty 1.02 Consumer Durables Havells India 1.00 Goodlass Nerolac Paints 0.46 Mahindra & Mahindra Financial Services 1.01 Healthcare Services Apollo Hospitals Enterprise 0.38 Hotels EIH 0.45 Minerals/Mining Gujarat Mineral Development Corporation 1.03 Aventis Pharma 0.92 Divi's Laboratories 0.87 Jaiprakash Ventures 0.46 Tata Consultancy Services 0.99 Infosys 0.97 DERIVATIVES 2.59 Index Future NIFTY Index Future Mar MONEY MARKET INSTRUMENTS Certificate of Deposit** CRISIL A1+ State Bank of Patiala Commercial Paper** ICRA A1+ Aditya Birla Tata Capital Debt Fund As on February 29, 2012 Name of Instrument % to Net Assets Name of Instrument % to Net Assets Name of Instrument % to Net Assets CENTRAL GOVERNMENT SECURITIES 2.43 SOV 07.17% CGL BONDS & NCDs Listed / awaiting listing on the stock exchanges CRISIL AAA LIC Housing OTHERS 1.07 Fixed Deposit Unrated Corporation Bank 1.19 Cash & Cash Equivalents CBLO / Reverse Repo Investments 4.03 Net Receivable/Payable -4.15% GRAND TOTAL Notes: **Thinly traded/non traded securities as defined in SEBI Regulations and Guidelines. Fixed Deposit placed under margin : `10 Lakhs. Total Exposure to derivative instruments as on 29/02/2012 : `21.76 Lakhs. INDUSTRY ALLOCATION Money Market Instruments Cash & Cash Equivalent Equity & Equity Related Bonds & NCDs Sovereign Rated Securities DIVIDEND HISTORY Record Date Plan/ Option NAV on Amount of Amount of Name Record Date Dividend - Retail Dividend - Corporate (`) (`) (`) 31/03/2011 Monthly Dividend per unit per unit 29/04/2011 Monthly Dividend per unit per unit 29/02/2012 Monthly Dividend per unit per unit 2.43% 11.66% 1.07% 20.58% Dividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future. RATING PROFILE 64.26% Sector / Rating Percent ICRA A CRISIL A EQUITY & EQUITY RELATED CRISIL AAA Sovereign Rated Securities 2.43 Cash & Cash Equivalent 1.07 Total NAV as on February 29, 2012 ` Per Unit Retail Plan - Growth Option Retail Plan - Dividend Option

12 SHORT TERM INCOME Fund (Formerly Interval Fund Monthly Interval Fund Series I, an Interval Income Scheme) PORTFOLIO Name of Instrument % to Net Assets MONEY MARKET INSTRUMENTS Certificate of Deposit** ICRA A1+ IDBI Bank Commercial Paper** ICRA A1+ Tata Capital Aditya Birla 9.53 ASSET ALLOCATION Debt Fund As on February 29, 2012 Money Market Instruments Cash & Cash Equivalent BONDS & NCDs 5.93% 51.31% 42.76% BONDS & NCDs Listed / awaiting listing on the stock exchanges CRISIL AAA National Housing Bank LIC Housing 9.38 Unlisted ICRA AAA Tata Sons OTHERS 5.93 Cash & Cash Equivalents CBLO / Reverse Repo Investments 3.75 Net Receivable/Payable 2.18 GRAND TOTAL **Thinly traded/non traded securities as defined in SEBI Regulations and Guidelines. NAV a s on February 29, 2012 ` Per Unit Retail Plan - Growth Option Retail Plan - Dividend Option Institutional Plan - Growth Option Institutional Plan - Dividend Option DIVIDEND HISTORY Record Date Plan/ Option NAV on Amount of Amount of Name Record Date Dividend - Retail Dividend - Corporate (`) (`) (`) 23/02/2011 Retail - Dividend per unit per unit 23/03/2011 Retail - Dividend per unit per unit 25/04/2011 Retail - Dividend per unit per unit Dividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future. RATING PROFILE Sector / Rating Percent ICRA A CRISIL AAA ICRA AAA Cash & Equivalent 5.93 Total GILT Fund Debt Fund PORTFOLIO Name of Instrument % to Net Assets CENTRAL GOVERNMENT SECURITIES SOVEREIGN RATED SECURITIES 08.79% CGL % CGL ASSET ALLOCATION Sovereign Rated Securities 87.43% 12.57% As on February 29, 2012 Cash & Cash Equivalent OTHERS Cash & Cash Equivalents CBLO / Reverse Repo Investments 8.86 Net Receivable/Payable 3.71 GRAND TOTAL Notes: Exposure to Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines is Nil NAV a s on February 29, 2012 ` Per Unit Growth Option Dividend Option RATING PROFILE Sector / Rating Percent Sovereign Rated Securities Cash & Cash Equivalent Total

13 LIQUID Fund Liquid Fund PORTFOLIO Name of Instrument % to Net Assets MONEY MARKET INSTRUMENTS Certificate of Deposit** CARE A1+/CRISIL A1+/ICRA A1+ Central Bank of India Bank of Maharashtra State Bank of Patiala UCO Bank 7.67 IDBI Bank 4.95 ASSET ALLOCATION As on February 29, 2012 Money Market Instruments Cash & Cash Equivalent 12.79% 87.21% Commercial Paper** CRISIL A1+/ICRA A1+ Kotak Mahindra Prime Aditya Birla 9.00 Muthoot 5.68 Tata Capital 2.91 OTHERS Cash & Cash Equivalents CBLO / Reverse Repo Investments Net Receivable/Payable 0.00 GRAND TOTAL **Thinly traded/non traded securities as defined in SEBI Regulations and Guidelines. DIVIDEND HISTORY NAV a s on February 29, 2012 Record Date Plan/ Option NAV on Amount of Amount of Name Record Date Dividend - Retail Dividend - Corporate (`) (`) (`) 30/12/2011 Retail - Dividend per unit per unit (Monthly) 31/01/2012 Retail - Dividend per unit per unit (Monthly) 29/02/2012 Retail - Dividend per unit per unit (Monthly) Dividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future. Retail Plan - Growth Option Retail Plan - Dividend Daily Option Retail Plan - Dividend Weekly Option Retail Plan - Dividend Fortnightly Option^ - Retail Plan - Dividend Monthly Option Institutional Plan - Growth Option Institutional Plan - Dividend Daily Option Institutional Plan - Dividend Weekly Option Institutional Plan - Dividend Fortnightly Option^ - Institutional Plan - Dividend Monthly Option^ - Super Institutional Plan - Growth Option Super Institutional Plan - Dividend Daily Option^ - Super Institutional Plan - Dividend Weekly Option Super Institutional Plan - Dividend Fortnightly Option^ - Super Institutional Plan - Dividend Monthly Option^ - ^ There are no investors under this option RATING PROFILE Sector / Rating Percent ICRA A CRISIL A CARE A Cash & Equivalent Total

14 Performance of the Equity Schemes (as on Dec 31, 2011) Name of the Fund Managers: Mr. Paul Parampreet and Mr.Dhilip Krishna are the Co-Fund Managers For Absolute Return Fund, Diversified Growth Equity Top 100 (E.D.G.E. Top 100) Fund, ELSS Fund, Equity Enhancer Fund & Select Midcap Fund. EDELWEISS ABSOLUTE RETURN FUND ( ARF) Period ARF Fund Scheme Benchmark (Crisil MIP Blended Index) Returns Returns Returns Alternate Benchmark (S&P CNX Nifty) Dec 31, Dec 31, 2011^ -2.26% 9, % 10, % 7,538 Dec 31, Dec 31, 2010^ 13.33% 11, % 10, % 11,795 Since Inception (CAGR) 5.00% 11, % 11, % 10,384 Inception Date: August 20, 2009 EDELWEISS DIVERSIFIED GROWTH EQUITY TOP 100 (E.D.G.E. TOP 100) FUND Period E.D.G.E. Top 100 (Plan A) Returns Returns Returns E.D.G.E. Top 100 (Plan B) E.D.G.E. Top 100 (Plan C) Scheme Benchmark (S&P CNX NIFTY) Returns Alternate Benchmark (BSE SENSEX) Returns Dec 31, Dec 31, 2011^ % 8, % 8, % 8, % 7, % 7,536 Dec 31, Dec 31, 2010^ 15.97% 11, % 11, % 11, % 11, % 11,743 Since Inception (CAGR) 8.44% 12, % 12, % 12, % 10, % 10,992 Inception Date : May 20, EDELWEISS ELSS FUND Period ELSS Fund Scheme Benchmark (S&P CNX NIFTY) Returns Returns Returns Alternate Benchmark (BSE SENSEX) Dec 31, Dec 31, 2011^ % 8, % 7, % 7,536 Dec 31, Dec 31, 2010^ 17.81% 11, % 11, % 11,743 Dec 31, Dec 31, 2009^ 74.60% 17, % 17, % 18,103 Since Inception (CAGR) 18.09% 17, % 15, % 15,906 Inception Date : December 30, 2008 EDELWEISS EQUITY ENHANCER FUND Period Equity Enhancer Fund (Plan A) Returns Returns Returns Equity Enhancer Fund (Plan B) Scheme Benchmark (S&P CNX NIFTY) Alternate Benchmark (BSE SENSEX) Returns Dec 31, Dec 31, 2011^ % 7, % 7, % 7, % 7,536 Dec 31, Dec 31, 2010^ 18.91% 11, % 11, % 11, % 11,743 Since Inception (CAGR) 2.31% 11, % 10,910 *1.55% 10,374 *1.20% 10,289 **0.92% 10,236 **1.30% 10,332 Inception Date (Plan A): August 12, 2009, Inception Date (Plan B): June 16, *Indicate Returns for Plan A, ** Indicate Returns for Plan B. Revised to S&P CNX 500 w.e.f. March 1, 2012 Based on standard investment of `10,000 made at the beginning of the relevant period. ^Absolute Returns Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Since Inception returns are calculated on `10/- invested at inception of the scheme Returns shown above are for Growth Option only. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable. Standard Benchmark prescribed by SEBI vide circular dated August 22, In case start /end date of the relevant period is a non-business Day, the NAV of the previous Business Day is considered for computation of returns Performance of Select Midcap is not provided, as it has not completed one year Note: Mr. Paul Parampreet is also a Co - Fund Manager of Monthly Income Plan. For performance of the same, please refer next page.

15 Performance of the Debt Schemes (as on Dec 31, 2011) Name of the Fund Manager: Mr. Kapil Punjabi Co-Fund Manager: Mr. Dhilip Krishna EDELWEISS ULTRA SHORT TERM BOND FUND ( USTBF) Period USTBF Retail (Growth) USTBF Institutional (Growth) Returns Returns Returns Scheme Benchmark (Crisil Liquid Fund Index) Alternate Benchmark (1 Year T bill) Returns 31-Dec-2010 to 31-Dec-2011^ 8.71% 10, % 10, % 10, % 10, Dec-2009 to 31-Dec-2010^ 5.59% 10, % 10, % 10, % 10, Dec-2008 to 31-Dec-2009^ 5.56% 10, % 10, % 10, % 10,288 Since Inception (CAGR) 7.02% 12, % 12, % 12, % 11,906 Inception Date: September 09, Name of the Fund Manager: Mr. Kapil Punjabi Co-Fund Manager: Mr. Dhilip Krishna EDELWEISS SHORT TERM INCOME FUND ( STIF) Period STIF Retail (Growth) STIF Institutional (Growth) Returns Returns Returns Scheme Benchmark (Crisil Short-Term Bond Fund Index) Alternate Benchmark (1 Year T bill) Returns 31-Dec-2010 to 31-Dec-2011^ 7.86% 10, % 10, % 10, % 10, Dec-2009 to 31-Dec-2010^ 4.97% 10, % 10, % 10, % 10, Dec-2008 to 31-Dec-2009^ 6.93% 10, % 10, % 10,288 Since Inception (Inst) (CAGR) % 11, % 11, % 11,173 Since Inception (Reg) (CAGR) 6.88% 12, % 12, % 11,816 Inception Date: September 26, 2008 (Retail Plan), March 3, 2009 (Institutional Plan) Name of the Fund Manager: Mr. Kapil Punjabi Co-Fund Manager: Mr. Dhilip Krishna EDELWEISS GILT FUND Period Gilt Fund (Growth) Scheme Benchmark (I-Sec Composite Gilt Index) Returns Returns Returns Alternate Benchmark (10 year dated GOI Security) 31-Dec-2010 to 31-Dec-2011^ 3.11% 10, % 10, % 10, Dec-2009 to 31-Dec-2010^ 7.28% 10, % 10, % 10,311 Since Inception (CAGR) 3.46% 10, % 11, % 10,695 Inception Date: July 6, 2009 Name of the Fund Manager: Mr. Kapil Punjabi, (For debt Portion) Co-Fund Manager: Dhilip Krishna & Mr. Paul Parampreet (For Equity Portion) EDELWEISS MONTHLY INCOME PLAN ( MIP) Period MIP (Growth) Scheme Benchmark (Crisil MIP Blended Index) Returns Returns Returns Alternate Benchmark (1 Year T bill) 31-Dec-2010 to 31-Dec-2011^ 2.85% 10, % 10, % 10,644 Since Inception (CAGR) 3.70% 10, % 10, % 10,913 Inception Date: February 24, 2010 Based on standard investment of `10,000 made at the beginning of the relevant period. ^Absolute Returns Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Since Inception returns are calculated on `10/- invested at inception of the Scheme Returns shown above are for Growth Option only. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable. Standard Benchmark prescribed by SEBI vide circular dated August 22, In case Start /end date of the relevant period is a non-business Day, the NAV of the previous Business Day is considered for computation of returns Note (i): Mr. Paul Parampreet & Mr. Dhilip Krishna are also the Co- Fund Managers of Absolute Return Fund, Diversified Growth Equity Top 100 (E.D.G.E. Top 100) Fund, ELSS Fund, Equity Enhancer Fund & Select Midcap Fund. For performance of the schemes, please refer previous page. Note (ii):mr. Kapil Punjabi & Mr. Dhilip Krishna also manage Fixed Maturity Plans, which are Closed-ended debt Schemes and hence cannot be compared with any of the Open-ended debt Schemes.

16 Performance of the Debt Schemes (as on Dec 31, 2011) Name of the Fund Manager: Mr. Kapil Punjabi Co-Fund Manager: Mr. Dhilip Krishna EDELWEISS LIQUID FUND ( LF) Period LF Retail (Growth) Returns Returns Returns Returns LF Institutional (Growth) LF Super Institutional (Growth) Scheme Benchmark (Crisil Liquid Fund Index) Alternate Benchmark (1 Year T bill) Returns Last 7 days@ 8.40% 10, % 10, % 10, % 10, % 10,002 Last 15 days@ 8.40% 10, % 10, % 10, % 10, % 10,024 Last 30 days@ 8.32% 10, % 10, % 10, % 10, % 10, Dec-2010 to 31-Dec-2011^ 7.95% 10,795 Not Available* 8.17% 10, % 10, Dec-2009 to 31-Dec-2010^ 4.47% 10,447 Not Available* 5.12% 10, % 10, Dec-2008 to 31-Dec-2009^ 3.78% 10,378 Not Available* 4.86% 10, % 10,288 Since Inception (CAGR) 5.85% 12,068 Not Available* 6.42% 12, % 11,906 Inception Date: September 09, 2008 (Retail Plan). February 2, 2011 (Institutional Plan). August 12, 2011 (Super Institutional Plan) * As there was no investor under these Plans during certain intervals returns for the specified Period / since inception is not Based on standard investment of `10,000 made at the beginning of the relevant period. ^Absolute Returns. Annualized Returns Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Since Inception returns are calculated on `10/- invested at Inception/ date of the initial investment under the plans. Returns shown above are for Growth Option only. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable. Standard Benchmark prescribed by SEBI vide circular dated August 22, Mr. Kapil Punjabi & Mr. Dhilip Krishna also manage Fixed Maturity Plans, which are Closed-ended debt Schemes and hence cannot be compared with any of the Open-ended debt Schemes. In case start /end date of the relevant period is a non-business Day, the NAV of the previous Business Day is considered for computation of returns

17 Risk Return Profile at a Glance Select Midcap Fund E.D.G.E Top 100 Fund ELSS Fund R E T U R N Equity Enhancer Fund NIFTY ENHANCER Absolute Return Fund Monthly Income Plan Gilt Fund Short Term Income Fund Ultra Short Term Bond Fund Liquid Fund RISK Past performance may or may not be sustained in future.

18 THE POWER OF HOLDING HIGH VALUE STOCKS THROUGH YOUR MUTUAL FUND INVESTMENTS The hypothetical illustrations below show the shares (top 10) that will be notionally held by an investor, investing `10 lakhs in each Scheme Absolute Return Fund* (An Open Ended Equity scheme) Top 10 stocks in the Portfolio as on February 29, 2012 Diversified Growth Equity Top 100* (E.D.G.E. Top 100) Fund (An Open Ended Equity scheme) Top 10 stocks in the Portfolio as on February 29, 2012 Stocks % to Net Assets of the Scheme Shares notionally held by an investor Stocks % to Net Assets of the Scheme Shares notionally held by an investor HDFC BANK LIMITED 2.99% 57 AXIS BANK LIMITED 5.27% 44 TATA CONSULTANCY SERVICES LTD 2.02% 16 HDFC BANK LIMITED 3.75% 72 HINDUSTAN UNILEVER LIMITED 1.86% 48 INFOSYS LTD 3.71% 12 WIPRO LTD 1.73% 40 LARSEN & TOUBRO LIMITED 3.55% 27 OIL & NATURAL GAS CORP LTD INR % 53 TATA CONSULTANCY SERVICES LTD 3.11% 25 TATA STEEL LIMITED SHS 1.50% 31 RELIANCE INDUSTRIES LTD 3.06% 37 AXIS BANK LIMITED 1.50% 12 HOUSING DEVELOPMENT FINANCE 2.87% 43 INFOSYS LTD 0.99% 3 HINDUSTAN UNILEVER LIMITED 2.62% 68 LARSEN & TOUBRO LIMITED 0.93% 7 WIPRO LTD 2.34% 54 BANK OF BARODA 0.32% 3 BAJAJ AUTO LTD 2.25% 12 * Absolute Return Fund (A.R.F.) and Diversified Growth Equity Top 100 (E.D.G.E. Top 100) Fund are equity - oriented Schemes. Investors in the Schemes are not being offered any guaranteed / assured returns. Past performance may or may not be sustained in the market. The above hypothetical illustrations assume a sum of `10 lakhs invested in each Scheme as on February 29, No. of shares notionally held are calculated as per the percentages of Top 10 holdings by the Scheme under each stock As on February 29, Market Price of each Share as on February 29, 2012 are as follows: Axis Bank ` Bajaj Auto ` Bank Of `804.4 Hdfc Bank `517.1 Hindustan Unilever `380.2 Housing ` Infosys ` Larsen & Toubro ` Oil & Natural Gas Corp Ltd `293.2 Reliance Industries ` Tata Consultancy Services ` Tata Steel Limited ` Wipro ` For scheme related information & risk factors please refer page 18 & 20. Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information (SAI) & Scheme Information Document (SID) of the scheme carefully before investing.

19 Equity Schemes February 29, 2012 Absolute Return Fund Diversified Growth Equity Top 100 (E.D.G.E. Top 100) Fund ELSS Fund Select Midcap Fund Equity Enhancer Fund (Formerly Nifty Enhancer Fund) Type of the scheme An Open-ended Equity scheme An Open-ended Equity scheme An Open-ended Equity Linked Savings scheme An Open-ended Equity scheme An Open-ended Equity scheme Investment Objective The primary objective of the Scheme will be to generate absolute returns with low volatility over a longer tenure of time. The Scheme will accordingly invest in arbitrage opportunities and debt and money market instruments on the one hand and in pure equity investments and equity derivative strategies on the other. An open ended diversified equity scheme that seeks to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates by market capitalization, listed in India The primary objective of the scheme is to generate longterm capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments. T h e p r i m a r y i nvest m e nt objective of the Scheme is to generate long term capital appreciation from a portfolio predominantly comprising of equity and equity related securities of MidCap Companies The primary objective of the Fund is to generate capital a p p re c i ation a n d i n come distribution by investing in a portfolio that endeavours to outperform the S & P CNX Nifty Index. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns. Date of Allotment August 20, 2009 May 20,2009 December 30, 2008 August 25, 2011 Plan A: (August 12, 2009) Plan B: (June 16, 2009) Fund Managers/ Co-Fund Managers Mr. Paul Parampreet Experience: 5 years since: February 4, 2010 Mr. Paul Parampreet Experience: 5 years since: February 4, 2010 Mr. Paul Parampreet Experience: 5 years. since: February 4, 2010 Mr. Paul Parampreet Experience: 5 years. since inception. Mr. Paul Parampreet Experience: 5 years since: June 29, 2010 Mr. Dhilip Krishna Experience: 3 years since: January 23, 2012 Mr. Dhilip Krishna Experience: 3 years since: January 23, 2012 Mr. Dhilip Krishna Experience: 3 years since: January 23, 2012 Mr. Dhilip Krishna Experience: 3 years since: January 23, 2012 Mr. Dhilip Krishna Experience: 3 years since: January 23, 2012 Entry Load Exit Load Plans / Options Default Option Minimum Investment Minimum Redemption Amount NIL : In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor. On or before 365 days from date of allotment : 1% After 365 days from the date of allotment : Nil Single Plan Plan A, Plan B and Plan C Single Plan Single Plan Growth and Dividend option Growth and Dividend option Growth and Dividend option Dividend and Growth Option. Growth Minimum of `5000/- per application & in multiples of `1/- thereafter Default Plan : Plan A Default Option : Growth Plan A - `1,000/- and multiples of `1/- thereafter Plan B - `1,00,000/- and multiples of `1/- thereafter Plan C - `10,00,000/- and multiples of `1/- thereafter NIL Growth Minimum of `500/- per application & in multiples of `500/- thereafter On or before 365 days from date of allotment : 1% After 365 days from the date of allotment: Nil No Exit Load will be charged in case of switchout/systematic transfers between Absolute Return Fund, Diversified Growth Equity Top 100 Fund, ELSS Fund and Select Midcap Fund. Plan A, Plan B and Plan C Growth and Dividend option Default Plan : Plan A Default Option : Growth Plan A - `1,000/- and multiples of `1/- thereafter Plan B - `1,00,000/- and multiples of `1/- thereafter Plan C - `10,00,000/- and multiples of `1/- thereafter `1/- or any number of units. For demat transactions, minimum redemption would be mandatorily 50 units. For ELSS Fund, redemption of unit can be made only after 3 years of lock-in period from the date of allotment of the Units proposed to be redeemed. Growth Minimum of `5000/- per application & in multiples of `1/- thereafter NIL Minimum Additional Investment Amount `1,000/- and in multiples of `1/- thereafter. `500/- per application & in multiples of `500/-thereafter `1,000/- and in multiples of `1/- thereafter. `1,000/- and in multiples of `1/- thereafter. Benchmark Ratios CRISIL MIP Blended Index Standard deviation 4.47% Sharpe ratio Portfolio beta 0.07 R squared 0.16 Portfolio Turnover Ratio^ Total Expense Ratio 2.49% S&P CNX Nifty Standard deviation 20.08% Sharpe ratio Portfolio beta 0.82 R squared 0.98 Portfolio Turnover 4.03 times Ratio^ 3.68 times Total Expense Ratio Plan A 2.29% Plan B 2.28% Plan C 2.30% S&P CNX Nifty Revised to S&P CNX 500 w.e.f. March 1, 2012 Standard deviation 15.68% Sharpe ratio Portfolio beta 0.62 R squared Portfolio Turnover Ratio^ 4.01 times Total Expense Ratio 2.46% BSE Mid-Cap Index S&P CNX Nifty Portfolio Turnover Standard deviation 24.35% Ratio^ 1.97 times Sharpe ratio Total Expense Ratio 2.36% Portfolio beta 1.01 R squared 1.00 Portfolio Turnover Ratio^ 0.15 times Total Expense Ratio Plan A 2.49% Plan B 2.49% Plan C 0.58% Risk Free Rate considered for the above = 8.560% p.a. (8.79% 2021 GOI Bond) Please note: Standard deviation and Sharpe ratio are Annualized. ^ Lower of sales or purchase divided by average AUM for last rolling 12 months. Current Financial year to date ratio to average AUM. AMC reserves the right to change the expense ratio within the limits prescribed in the respective Scheme Information Document. For risk factors, please refer the last page