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

MUTUAL INTEREST April, 2013 Investment Managers: LIC Nomura Mutual Fund Asset Management Ltd. Performance When knowledge and practice come together Presenting Mutual Fund investments are subject to market risks, read all scheme related documents carefully World-class asset management laccess to global research lenhanced offerings of services & products

LIC Nomura MF Income Plus Fund upgraded by ICRA A1+mfs An open-ended Debt Scheme Open-ended Debt scheme providing liquidity and attractive returns. Growth, Dividend - Reinvestment and Dividend payout option. T + 1 Redemption facility. Daily, Weekly, Monthly Dividend. Mutual Fund investments are subject to market risks, read all scheme related documents carefully Applicable Criteria is available on ICRA s website at www.icra.in. All ICRA Credit Ratings are subject to certain Limitations and Disclaimers. Please read these Limitations and Disclaimers. For Complete rating scale and definitions please refer to ICRA Website or other ICRA rating publications. 2 MUTUAL INTEREST April, 2013

MARKET REVIEW DEBT MARKET REVIEW Shri V. Chandrasekaran CIO - Debt Further to our outlook last month, the short term yields firmed up due to quarter end/ year end pressures while the long term yields which were falling upon the rate cut expectation, started rising. Further to this Consumer Price Index (CPI) came in at 10.91%, Wholesale Price Index (WPI) came at 6.84% and Current Account Deficit (CAD) rose to 6.7 per cent of GDP. The long term yields continued to rise further post monetary policy review on 19th March 2013, where repo rate reduced by 25 basis points to 7.5 per cent. The policy document had a hint of limited scope of further rate cuts, at the same time political uncertainty resulted from DMK withdrawing its support to the UPA Govt. Following is the status of various parameters as on March 2013: lthe Call & CBLO rates were at 14.48% & 12.47% respectively as on 28th march 2013. lthe 1 year and 5 year OIS ended at 7.47% (7.62%) & 7.22% (7.24%) respectively as on 28th march 2013. lrbi infused Rs. 113580, 940 and 2500 crores in the repo auction on 28th, 30th and 31st March 2013 respectively and absorbed Rs 35335 and 26215 crores on 30th and 31st March 2013 respectively in the reverse repo auction. lpsu banks issued 3 months and 1 year CD in the range of 8.70% - 8.90% and 9.50% - 9.60% respectively. lthe 10 year bond (8.15% GS 2022) ended at 7.95% up by 5 bps. Outlook We expect short term yield to ease as the new financial year beginning with government spending kicking in. However they could trend upward by mid April. The long term yields are likely to show a positive bias with expectations of further fiscal consolidation measures from government and rate cut expectation in the next policy on 3rd May 2013. EQUITY MARKET REVIEW Shri Nobutaka Kitajima CIO - Equity After seeing sharp correction in the month of February, the equity markets were sideways and gave flat returns in the month of March despite RBI continuing its monetary easing policy-reduced its benchmark rates by 25 bps in its mid-quarter review. The Sensex was down 0.1% and the Nifty was down 0.2% in March. Withdrawal of political support by a key government ally made the markets jittery as the government's support in the lower house further dwindled. Political stability was further jeopardized with reports suggesting another ally (providing outside support) may follow suit, raising prospects of an early election. On the global front, the Cyprus crisis and subsequent bailout arrangement renewed eurozone concerns. Among the sectors FMCG, pharma and IT outperformed in March. BSE FMCG index was up to 4.9%, pharma index was up 2.53% & IT index was up 2%. Bankex, realty, telecom, energy and auto indices were down. Bankex was down 1.29%; private banks came under the scanner with allegations of involvement in money laundering practices by a local media house. Telecom stocks were down by negative news - the DoT is charging telcos ~Rs 27.6bn for continuing operations after licence cancellation in Feb 2012. Midcap and smallcap index were down 2.55% and 6.47% respectively. Benchmark Index Latest Price 1 Month 3 Months 6 Months CNX Nifty Index 5682.55 (0.18) (3.82) (0.36) S&P BSE SENSEX 18835.77 (0.14) (3.13) 0.39 S&P BSE Small-Cap 5804.65 (6.47) (20.94) (17.29) S&P BSE Mid-Cap 6142.06 (2.55) (13.41) (7.04) S&P BSE 100 5678.70 (0.72) (4.93) (0.40) S&P BSE 200 2287.96 (0.87) (5.53) (0.85) S&P BSE 500 7084.96 (1.10) (6.44) (1.69) Benchmark Index Latest Price 1 Month 3 Months 6 Months S&P BSE AUTO Index 9994.23 (4.44) (12.17) (4.02) S&P BSE BANKEX 13033.35 (1.29) (9.05) (0.80) S&P BSE Capital Goods 9017.59 (1.82) (17.30) (17.70) S&P BSE Consumer Durables 7094.55 (1.08) (7.36) 2.23 S&P BSE IT 6885.46 1.94 21.07 16.26 S&P BSE Health Care 8008.09 2.53 (1.47) 6.37 S&P BSE METAL Index 8758.32 (3.41) (20.68) (16.81) S&P BSE OIL & GAS Index 8326.6 (3.72) (2.16) (3.87) S&P BSE Power Index 1646.5 (5.59) (16.91) (19.64) S&P BSE FMCG 15321.9 4.99 0.55 8.39 Capital flows The FIIs were net buyers during February to the tune of Rs 9123.90 crore. FII have invested to the tune of Rs 66766.60crore in equity market while sold stocks worth Rs 57642.70 crore making. (Source: SEBI) Outlook After a 25 bps rate cut in March, it is generally expected that the RBI will continue its monetary easing cycle, albeit at a moderate pace, benchmark repo rate is widely expected to be reduced by another 25-50 bps during the remainder of 2013. In the third quarter of 2012-13, CAD reached to 6.7% of GDP and stood at 5.4% in the first nine months of the current financial year against 4.1% a year ago and has brought forth the pressures on the external sector. Moderation in commodity prices (oil, gold in particular) along with a renewed thrust on exports can lead to lower CAD next year (FY14E) and contribute to lower stress on the external sector. In April, we will see announcement of fourth quarter and FY13 annual results. Q4 results are expected to be mixed with discretionary spending continuing to go down negatively impacting select FMCG and auto stocks. India's banks should also record a relatively soft quarter; NIMs should hold; but asset quality deterioration is likely to persist. But the pace of deterioration in asset quality may show noticeable moderation. IT sector positively surprised in the third quarter on the organic growth front. It is quite likely that there could be an improvement in guidance of the IT companies for the next fiscal year. 3

LIC NOMURA MF LIQUID FUND Scheme Type: Debt - Liquid Launch Date: March 11, 2002 AUM as on 28/03/2013: INR 3187.06 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 25000/- Name: Shri Y D Prasanna as on March 28, 2013 Growth 2126.4389 Dividend 1098.0000 Direct Growth 2126.6217 Direct Dividend 1098.0000 EXPENSE RATIO : 0.23% METRICS An open ended scheme which seeks to generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market instruments and quality debt instruments. Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit IDBI BANK LTD CRISIL A1+ 9.34% AXIS BANK LTD CRISIL A1+ 7.01% CANARA BANK CRISIL A1+ 6.27% INDIAN BANK FITCH A1+ 4.70% STATE BANK OF HYDERABAD ICRA A1+ 4.70% KOTAK MAHINDRA BANK LTD CRISIL A1+ 4.66% ORIENTAL BANK OF COMMERCE CRISIL A1+ 3.14% STATE BANK OF PATIALA ICRA A1+ 3.10% STATE BANK OF MYSORE ICRA A1+ 2.34% ALLAHABAD BANK ICRA A1+ 1.87% BANK OF MAHARASHTRA CRISIL A1+ 1.57% ING VYSYA BANK LTD CRISIL A1+ 1.56% KARUR VYSYA BANK LTD ICRA A1+ 1.40% BANK OF INDIA CRISIL A1+ 1.24% VIJAYA BANK CARE A1+ 0.78% BANK OF BARODA CRISIL A1+ 0.78% ANDHRA BANK ICRA A1+ 0.78% UNION BANK OF INDIA CRISIL A1+ 0.78% ANDHRA BANK CARE A1+ 0.78% PUNJAB NATIONAL BANK CRISIL A1+ 0.78% BANK OF BARODA ICRA A1+ 0.78% CENTRAL BANK OF INDIA CARE A1+ 0.63% SYNDICATE BANK CARE A1+ 0.47% THE JAMMU & KASHMIR BANK LTD CRISIL A1+ 0.13% Certificate of Deposit Total 59.58% Commercial Paper RELIANCE CAPITAL LTD CRISIL A1+ 3.13% POWER FINANCE CORPORATION LTD CRISIL A1+ 3.12% ADITYA BIRLA FINANCE LTD ICRA A1+ 3.12% L AND T FINCORP LIMITED CARE A1+ 3.12% HOUSING DEVELOPMENT FINANCE CORPORATION LTD ICRA A1+ 3.10% EXPORT IMPORT BANK OF INDIA CARE A1+ 3.09% PIRAMAL ENTERPRISES LTD ICRA A1+ 2.60% L&T FINANCE LTD CARE A1+ 1.57% DEWAN HOUSING FINANCE CORPORATION LTD CRISIL A1+ 1.57% TATA CAPITAL LTD CRISIL A1+ 1.56% SUNDARAM FINANCE LTD ICRA A1+ 1.55% GRUH FINANCE LTD CRISIL A1+ 1.55% L & T INFRASTRUCTURE FINANCE CO LTD CARE A1+ 1.55% GODREJ INDUSTRIES LTD ICRA A1+ 0.94% ADITYA BIRLA FINANCE LTD CRISIL A1+ 0.78% Commercial Paper Total 32.34% MONEY MARKET INSTRUMENTS Total 91.92% CBLO / Repo 8.06% Net Receivalbes/(Payables) 0.02% 8.08% Average Maturity 22 days MATURITY PROFILE FOR THE RATING PROFILE FOR THE Duration 0.06 yrs Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,898 10,818 10,833 Last 2 Years 10,881 10,845 11,547 Last 3 Years 10,635 10,621 11,993 21,264 NA 18,058 7.07% NA 5.52% DISCRETE 12 MONTHS RETURNS ANNUALISED PERFORMANCE Period Fund C Fund~LX 1 year T-bill Mar 30, 2012 To Mar 28, 2013 8.97% 8.17% 8.33% Mar 31, 2011 To Mar 30, 2012 8.80% 8.44% 6.59% Mar 31, 2010 To Mar 31, 2011 6.35% 6.21% 3.86% Period Fund C Fund~LX 1 yr T-bill Last 7 Days 8.68% 7.87% 10.54% Last 15 Days 8.66% 8.10% 11.55% Last 30 Days 8.56% 8.25% 9.18% * For Dividend History refer to page no. 26 4 MUTUAL INTEREST April, 2013

LIC NOMURA MF SAVINGS PLUS FUND Scheme Type: Debt - Short Term The investment objective of the Scheme is to generate income by investing in a portfolio of quality short term debt securities. Launch Date: May 29, 2003 AUM as on 28/03/2013: INR 215.07 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Name: Shri Y D Prasanna as on March 28, 2013 Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit IDBI BANK LTD CRISIL A1+ 11.61% THE JAMMU & KASHMIR BANK LTD CRISIL A1+ 11.60% KOTAK MAHINDRA BANK LTD CRISIL A1+ 11.53% INDIAN BANK FITCH A1+ 2.32% Certificate of Deposit Total 37.06% Commercial Paper L&T FINANCE LTD CARE A1+ 11.61% TATA CAPITAL LTD CRISIL A1+ 11.58% GODREJ INDUSTRIES LTD ICRA A1+ 9.27% Commercial Paper Total 32.46% MONEY MARKET INSTRUMENTS Total 69.52% CBLO / REPO 28.37% NET RECEIVALBES/(PAYABLES) 2.11% 30.48% Growth 18.2067 Dividend - Daily 10.0500 Dividend - Weekly 10.0541 Dividend - Monthly 10.0541 Direct Growth 18.2273 Direct Dividend - Daily 10.0500 Direct Dividend - Weekly 10.0544 Direct Dividend - Monthly 10.0544 MATURITY PROFILE FOR THE RATING PROFILE FOR THE EXPENSE RATIO : 0.75% METRICS Average Maturity Duration 10 days 0.02 yrs Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,826 10,818 10,833 Last 2 Years 10,820 10,845 11,547 Last 3 Years 10,619 10,620 11,993 18,207 18,148 16,709 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Mar 30, 2012 To Mar 28, 2013 8.26% 8.17% 8.33% Mar 31, 2011 To Mar 30, 2012 8.20% 8.44% 6.59% Mar 31, 2010 To Mar 31, 2011 6.19% 6.21% 3.86% 6.30% 6.26% 5.87% * For Dividend History refer to page no. 26 5

LIC NOMURA MF FLOATING RATE FUND Scheme Type: Debt - Floating The investment objective of the Scheme is to generate consistent return by investing mainly in a floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimize the interest rate risk for the investor. Launch Date: March 15, 2004 AUM as on 28/03/2013: INR 35.85 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Industry/Rating % to Nav MUTUAL FUND Mutual Fund Units LICMF LIQUID FUND-GROWTH 28.69% Mutual Fund Units Total 28.69% Cash and Other Receivables CBLO / REPO 69.39% NET RECEIVALBES/(PAYABLES) 1.92% 71.31% Name: Shri Y D Prasanna as on March 28, 2013 Growth 18.6799 Dividend - Daily 10.0500 Dividend - Weekly 10.1453 Direct Growth 18.6891 Direct Dividend - Daily 10.0523 Direct Dividend - Weekly 10.1454 EXPENSE RATIO : 0.60% MATURITY PROFILE FOR THE RATING PROFILE FOR THE Mutual Fund Units Cash & Other Receivables METRICS Average Maturity Duration 1 days 0.00 yrs Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,794 10,818 10,833 Last 2 Years 10,810 10,845 11,547 Last 3 Years 10,587 10,620 11,993 18,680 17,548 16,085 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Mar 30, 2012 To Mar 28, 2013 7.94% 8.17% 8.33% Mar 31, 2011 To Mar 30, 2012 8.10% 8.44% 6.59% Mar 31, 2010 To Mar 31, 2011 5.87% 6.21% 3.86% 7.21% 6.46% 5.42% * For Dividend History refer to page no. 26 6 MUTUAL INTEREST April, 2013

LIC NOMURA MF INCOME PLUS FUND Scheme Type: Debt Launch Date: May 28, 2007 An open ended debt scheme which seeks to provide reasonable possible current income - consistent with preservation of capital and providing liquidity - from investing in a diversified portfolio of short-term money market and debt securities. AUM as on 28/03/2013: INR 147.73 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 500000/- Name: Shri Y D Prasanna as on March 28, 2013 Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit SYNDICATE BANK CARE A1+ 16.92% BANK OF BARODA CRISIL A1+ 16.91% CENTRAL BANK OF INDIA ICRA A1+ 16.91% IDBI BANK LTD CRISIL A1+ 16.91% KOTAK MAHINDRA BANK LTD CRISIL A1+ 16.88% THE JAMMU & KASHMIR BANK LTD CRISIL A1+ 2.70% THE FEDERAL BANK LTD CRISIL A1+ 2.01% Certificate of Deposit Total 89.24% MONEY MARKET INSTRUMENTS Total 89.24% CBLO / REPO 4.11% NET RECEIVALBES/(PAYABLES) 6.64% 10.76% Growth 15.4450 Dividend - Daily 10.0500 Dividend - Weekly 10.0543 Dividend - Monthly 10.0543 Direct Growth 15.4486 Direct Dividend - Daily 10.0500 Direct Dividend - Weekly 10.0545 Direct Dividend - Monthly 10.0544 MATURITY PROFILE FOR THE RATING PROFILE FOR THE EXPENSE RATIO : 0.59% CARE A1+, CRISIL A1+, CRISIL AAA, ICRA A1+ Cash & Other Receivables METRICS Average Maturity Duration 5 days 0.01 yrs Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,837 10,818 10,833 Last 2 Years 10,863 10,845 11,547 Last 3 Years 10,611 10,620 11,993 15,445 14,823 13,967 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Mar 30, 2012 To Mar 28, 2013 8.37% 8.17% 8.33% Mar 31, 2011 To Mar 30, 2012 8.63% 8.44% 6.59% Mar 31, 2010 To Mar 31, 2011 6.11% 6.21% 3.86% 7.74% 6.98% 6.91% * For Dividend History refer to page no. 26 7

LIC NOMURA MF BOND FUND Scheme Type: Debt Launch Date: March 26, 1999 AUM as on 28/03/2013: INR 177.41 Cr Exit Load: 0.5% if exit within 6 months from the date of Benchmark: Crisil Composite Bond Fund Index Minimum Investment: Rs. 5000/- Name: Shri Y D Prasanna as on March 28, 2013 EXPENSE RATIO : 1.61% Growth 32.7761 Dividend 10.2055 Direct Growth 32.8027 Direct Dividend 10.2175 LIC Nomura MF Bond Fund an open-ended Debt Scheme, will endeavor to generate an attractive return for its investors by investing in a portfolio of quality debt securities and money market instruments. Industry/Rating % to Nav CORPORATE DEBT NON-CONVERTIBLE DEBENTURES NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CRISIL AAA 9.18% RURAL ELECTRIFICATION CORPORATION LTD CRISIL AAA 6.34% INDIAN RAILWAY FINANCE CORP LTD CRISIL AAA 5.87% EXPORT IMPORT BANK OF INDIA CRISIL AAA 5.79% INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LTD ICRA AAA 5.69% POWER GRID CORPORATION OF INDIA LTD CRISIL AAA 5.62% INDIAN OIL CORPORATION LTD CRISIL AAA 3.22% POWER FINANCE CORPORATION LTD CRISIL AAA 2.85% SHRIRAM TRANSPORT FINANCE COMPANY LTD FITCH AA 0.03% NON-CONVERTIBLE DEBENTURES Total 44.60% Floating Rate Note MAGMA FINCORP LTD CARE AA+ 5.64% Floating Rate Note Total 5.64% Zero Coupon Bond DEWAN HOUSING FINANCE CORPORATION LTD CARE AA+ 4.62% Zero Coupon Bond Total 4.62% CORPORATE DEBT Total 54.86% MONEY MARKET INSTRUMENTS Certificate of Deposit CENTRAL BANK OF INDIA ICRA A1+ 0.55% Certificate of Deposit Total 0.55% Commercial Paper GODREJ INDUSTRIES LTD ICRA A1+ 5.59% Commercial Paper Total 5.59% MONEY MARKET INSTRUMENTS Total 6.14% GOVERNMENT BOND Government Bond 8.15% GOI (MD 11/06/2022) SOV 8.56% 8.33% GOI 2026 (M/D 09/07/2026) SOV 5.75% 9.15% GOI (MD 14/11/2024) SOV 3.03% Government Bond Total 17.35% GOVERNMENT BOND Total 17.35% CBLO / REPO 13.62% NET RECEIVALBES/(PAYABLES) 8.03% 21.65% METRICS MATURITY PROFILE FOR THE RATING PROFILE FOR THE Average Maturity Duration 1,393 days 2.08 years CARE AA+, CRISIL AA, ICRA AAA, ICRA A1+, CARE A, FITCH AAA, SOV Cash & Other Receivables 4.62% 5.64% Non-convertible Debentures Floating Rate Note Zero Coupon Bond Certificate of Deposit Commercial Paper Government Bond DISCRETE 12 MONTHS RETURNS Period Fund C CompBex 10 year GOI Period Fund C CompBex 10 Year GOI Mar 30, 2012 To Mar 28, 2013 9.00% 9.24% 11.25% Last 1 Year 10,900 10,925 11,125 Mar 31, 2011 To Mar 30, 2012 9.66% 7.68% 2.43% Last 2 Years 10,966 10,767 11,396 Mar 31, 2010 To Mar 31, 2011 5.45% 5.06% 4.61% Last 3 Years 10,545 10,506 11,922 32,776 NA NA 8.91% NA NA * For Dividend History refer to page no. 26 8 MUTUAL INTEREST April, 2013

LIC NOMURA MF G-SEC FUND Scheme Type: Debt - Gilt Launch Date: November 15, 1999 AUM as on 28/03/2013: INR 50.88 Cr Benchmark: I-Sec Composite Gilt Index Minimum Investment: Rs. 10000/- Name: Shri Y D Prasanna as on Marcj 28, 2013 The primary objective of the scheme is to generate credit risk free and reasonable returns for its investors through investments in sovereign securities issued by the central and /or state Government and /or any security unconditionally guaranteed by the central/ state government for repayment of Principal and interest and/or reverse repos in such securities as and when permitted by RBI. Industry/Rating % to Nav CORPORATE DEBT NON-CONVERTIBLE DEBENTURES NATIONAL HOUSING BANK CRISIL AAA 27.38% INDIAN OIL CORPORATION LTD CRISIL AAA 8.03% NON-CONVERTIBLE DEBENTURES Total 35.40% CORPORATE DEBT Total 35.40% GOVERNMENT BOND Government Bond 8.97% GOI (MD 05/12/2030) SOV 20.97% 9.15% GOI (MD 14/11/2024) SOV 10.58% 8.08% GOI (MD 02/08/2022) SOV 9.89% 7.8% GOI (MD 11/04/2021) SOV 9.68% Government Bond Total 51.12% GOVERNMENT BOND Total 51.12% CBLO / REPO 11.27% NET RECEIVALBES/(PAYABLES) 2.21% 13.48% PF Growth 15.2475 Regular Growth 26.4520 Direct Regular Growth 26.4832 PF Dividend 10.1606 MATURITY PROFILE FOR THE RATING PROFILE FOR THE Regular Dividend 10.1852 Direct Regular Dividend 10.1961 EXPENSE RATIO : 1.38% CRISIL AAA, SOV Cash & Other Receivables METRICS Average Maturity Duration 2,520 days 3.59 years DISCRETE 12 MONTHS RETURNS I Sec Period Fund Composite Gilt 10 year GOI Period Fund I Sec Composite Gilt 1O Year GOI Mar 30, 2012 To Mar 28, 2013 9.09% 11.64% 11.25% Last 1 Year 10,909 11,164 11,125 Mar 31, 2011 To Mar 30, 2012 6.25% 6.79% 2.43% Last 2 Years 10,625 10,679 11,396 Mar 31, 2010 To Mar 31, 2011 3.45% 6.41% 4.61% Last 3 Years 10,345 10,641 11,922 26,452 NA NA 7.56% NA NA 9

LIC NOMURA MF UNIT LINKED INSURANCE SCHEME Scheme Type: Insurance Linked Tax Saving Launch Date: June 19,1989 AUM as on 28/03/2013: INR 133.55 Cr Exit Load: Nil Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.10000/- under Single Premium Option Rs.1000/- under Regular Premium - Yearly Option Rs.100/- under Regular Premium - Monthly Option Name: Mr. Surendra Jalani as on March 28, 2013 Dividend 9.9727 Direct Dividend 9.9733 EXPENSE RATIO : 2.02% ANNUAL TURNOVER RATIO : 1.20 times METRICS Quantitative Indicators - Debt Component Average Maturity 52 days Duration 0.13 years Standard Deviation 1.11% Sharpe Ratio 0.03 Portfolio Beta 1.03 R squared 0.11 ANALYSIS : SECTOR WISE An open ended scheme which seeks to generate long term capital appreciation and offer Tax benefits u/s 80C of the Income Tax Act as well as additional benefits of a life cover and free accident insurance cover. Auto 3.67% BAJAJ AUTO LTD 1.22% MARUTI SUZUKI INDIA LTD 0.73% TATA MOTORS LTD 0.67% HERO MOTOCORP LTD 0.64% MAHINDRA & MAHINDRA LTD 0.40% Banks 12.64% ICICI BANK LTD 4.83% HDFC BANK LTD 2.71% KOTAK MAHINDRA BANK LTD 1.74% STATE BANK OF INDIA 1.58% AXIS BANK LTD 0.83% YES BANK LTD 0.79% PUNJAB NATIONAL BANK 0.11% BANK OF BARODA 0.05% INDUSIND BANK LTD 0.01% Cement 3.56% GRASIM INDUSTRIES LTD 1.63% ULTRATECH CEMENT LTD 0.80% AMBUJA CEMENTS LTD 0.62% ACC LTD 0.51% Chemicals 1.01% TATA CHEMICALS LTD 1.01% Construction Project 2.76% LARSEN & TOUBRO LTD 2.76% Consumer Non Durables 7.21% HINDUSTAN UNILEVER LTD 3.52% ITC LTD 3.23% ASIAN PAINTS LTD 0.38% TATA GLOBAL BEVERAGES LTD 0.07% Ferrous Metals 2.39% TATA STEEL LTD 2.39% Finance 6.84% HOUSING DEVELOPMENT FINANCE CORPORATION 3.89% INFRASTRUCTURE DEVELOPMENT FINANCE 2.95% Gas 0.75% GAIL (INDIA) LTD 0.75% Industrial Capital Goods 0.35% SIEMENS LTD 0.35% Minerals/Mining 1.05% COAL INDIA LTD 1.04% NMDC LTD 0.01% Non - Ferrous Metals 1.10% HINDALCO INDUSTRIES LTD 1.10% Oil 1.67% OIL & NATURAL GAS CORPORATION LTD 1.04% CAIRN INDIA LTD 0.63% Petroleum Products 4.98% RELIANCE INDUSTRIES LTD 4.98% BHARAT PETROLEUM CORPORATION LTD 0.01% Pharmaceuticals 5.25% DR. REDDY'S LABORATORIES LTD 2.47% RANBAXY LABORATORIES LTD 1.32% SUN PHARMACEUTICALS INDUSTRIES LTD 0.86% CIPLA LTD 0.31% LUPIN LTD 0.29% Power 2.12% POWER GRID CORPORATION OF INDIA LTD 2.01% PTC INDIA LTD 0.11% Software 8.42% INFOSYS LTD 5.08% TECH MAHINDRA LTD 1.59% TATA CONSULTANCY SERVICES LTD 1.23% WIPRO LTD 0.38% HCL TECHNOLOGIES LTD 0.15% Telecom - Services 2.03% BHARTI AIRTEL LTD 2.03% Equity Holdings Total 67.79% Rating CORPORATE BOND SECURITY Corporate Bond DR. REDDY'S LABORATORIES LTD ICRA AA+ 0.01% Corporate Bond Total 0.01% Floating Rate Note MAGMA FINCORP LTD CARE AA+ 13.69% Floating Rate Note Total 13.69% CORPORATE BOND SECURITY Total 13.71% MUTUAL FUND Mutual Fund Units LIC NOMURA MUTUAL FUND 1.46% Mutual Fund Units Total 1.46% MUTUAL FUND Total 1.46% MONEY MARKET INSTRUMENTS Certificate of Deposit ANDHRA BANK CARE A1+ 9.13% ICICI BANK LTD CARE A1+ 7.19% THE JAMMU & KASHMIR BANK LTD CRISIL A1+ 1.49% Certificate of Deposit Total 17.81% MONEY MARKET INSTRUMENTS Total 17.81% CBLO / REPO 0.73% NET RECEIVALBES/(PAYABLES) -1.50% -0.77% MATURITY PROFILE FOR THE Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNXNifty Mar 30, 2012 To Mar 28, 2013 1.76% 8.18% 7.31% Last 1 Year 10,176 10,818 10,729 Mar 31, 2011 To Mar 30, 2012-1.67% -3.17% -9.23% Last 2 Years 9,833 9,684 9,077 Mar 31, 2010 To Mar 31, 2011 1.50% 9.37% 11.14% Last 3 Years 10,150 10,935 11,113 34,523 NA NA 5.35% NA NA 10 MUTUAL INTEREST April, 2013

LIC NOMURA MF BALANCED FUND Scheme Type: Balanced Launch Date: January 1, 1991 AUM as on 28/03/2013: INR 17.92 Cr Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.1000/- Name: Mr. Surendra Jalani as on March 28, 2013 EXPENSE RATIO : 2.17% ANNUAL TURNOVER RATIO : 0.93 times METRICS Growth 58.4192 Dividend 11.0574 Direct Growth 58.4848 Direct Dividend 11.0717 Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 1.16% Sharpe Ratio 0.03 Portfolio Beta 0.98 R squared 0.10 ANALYSIS : SECTOR WISE 21 days 0.05 years An open ended Income and Growth scheme which seeks to provide regular returns and capital appreciation according to the selection of plan by investing in equities and debt instruments. Auto 4.55% TATA MOTORS LTD 1.95% MAHINDRA & MAHINDRA LTD 1.68% BAJAJ AUTO LTD 0.80% MARUTI SUZUKI INDIA LTD 0.11% Banks 13.99% HDFC BANK LTD 5.94% ICICI BANK LTD 3.79% YES BANK LTD 2.19% KOTAK MAHINDRA BANK LTD 1.38% AXIS BANK LTD 0.58% STATE BANK OF INDIA 0.06% INDUSIND BANK LTD 0.06% Cement 3.32% AMBUJA CEMENTS LTD 1.94% ULTRATECH CEMENT LTD 0.78% GRASIM INDUSTRIES LTD 0.47% ACC LTD 0.13% Construction Project 3.79% LARSEN & TOUBRO LTD 3.79% Consumer Non Durables 9.11% ITC LTD 5.01% HINDUSTAN UNILEVER LTD 3.90% ASIAN PAINTS LTD 0.21% Finance 6.40% HOUSING DEVELOPMENT FINANCE CORPORATION 3.92% INFRASTRUCTURE DEVELOPMENT FINANCE 2.48% Minerals/Mining 0.05% NMDC LTD 0.05% Non - Ferrous Metals 1.27% HINDALCO INDUSTRIES LTD 1.27% Oil 1.83% OIL & NATURAL GAS CORPORATION LTD 1.73% CAIRN INDIA LTD 0.11% Petroleum Products 3.82% RELIANCE INDUSTRIES LTD 3.77% BHARAT PETROLEUM CORPORATION LTD 0.05% Pharmaceuticals 6.57% SUN PHARMACEUTICALS INDUSTRIES LTD 1.60% LUPIN LTD 1.40% RANBAXY LABORATORIES LTD 1.22% DR. REDDY'S LABORATORIES LTD 1.18% CIPLA LTD 1.17% Power 2.04% POWER GRID CORPORATION OF INDIA LTD 1.18% PTC INDIA LTD 0.86% Services 0.74% ADITYA BIRLA NUVO LTD 0.74% Software 10.18% INFOSYS LTD 5.00% TATA CONSULTANCY SERVICES LTD 2.64% HCL TECHNOLOGIES LTD 2.30% WIPRO LTD 0.12% TECH MAHINDRA LTD 0.12% Equity Holdings Total 67.67% Rating CORPORATE BOND SECURITY Floating Rate Note MAGMA FINCORP LTD CARE AA+ 19.07% Floating Rate Note Total 19.07% CORPORATE BOND SECURITY Total 19.07% MUTUAL FUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR OPT 11.54% Mutual Fund Units Total 11.54% MUTUAL FUND Total 11.54% CBLO / REPO 1.18% NET RECEIVALBES/(PAYABLES) 0.54% 1.72% MATURITY PROFILE FOR THE Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNX Nifty Mar 30, 2012 To Mar 28, 2013 8.02% 8.18% 7.31% Last 1 Year 10,802 10,818 10,729 Mar 31, 2011 To Mar 30, 2012-2.10% -3.17% -9.23% Last 2 Years 9,790 9,684 9,077 Mar 31, 2010 To Mar 31, 2011 2.23% 9.37% 11.14% Last 3 Years 10,223 10,935 11,113 58,419 NA NA 8.25% NA NA 11

LIC NOMURA MF MONTHLY INCOME PLAN Scheme Type: Hybrid Launch Date: June 1, 2003 AUM as on 28/03/2013: INR 47.38 Cr Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on March 28, 2013 Growth 35.7875 Dividend - Monthly 10.3323 Dividend - Quarterly 10.3610 Dividend - Yearly 10.6692 Direct Growth 35.8270 Direct Dividend - Monthly 10.3456 Direct Dividend - Quarterly 10.3727 Direct Dividend - Yearly 10.6815 EXPENSE RATIO : 1.61% ANNUAL TURNOVER RATIO : 1.56 times METRICS Quantitative Indicators - Debt Component Average Maturity 113 days Duration 0.28 years Standard Deviation 1.98% Sharpe Ratio 0.02 Portfolio Beta 0.38 R squared 0.02 ANALYSIS : SECTOR WISE The investment objective of the Scheme is to generate regular income by investing mainly in a portfolio of quality debt securities and money market instruments. It also seeks to generate capital appreciation by investing some percentage in a mix of equity instruments. % Of Nav Auto 1.89% MAHINDRA & MAHINDRA LTD 1.45% BAJAJ AUTO LTD 0.23% TATA MOTORS LTD 0.17% MARUTI SUZUKI INDIA LTD 0.04% Banks 1.52% ICICI BANK LTD 1.15% KOTAK MAHINDRA BANK LTD 0.18% HDFC BANK LTD 0.15% STATE BANK OF INDIA 0.02% INDUSIND BANK LTD 0.02% Cement 0.79% ULTRATECH CEMENT LTD 0.39% AMBUJA CEMENTS LTD 0.19% GRASIM INDUSTRIES LTD 0.18% ACC LTD 0.02% Construction Project 0.02% LARSEN & TOUBRO LTD 0.02% Consumer Non Durables 1.90% ITC LTD 1.24% HINDUSTAN UNILEVER LTD 0.45% ASIAN PAINTS LTD 0.21% Finance 0.87% HOUSING DEVELOPMENT FINANCE CORPORATION 0.84% INFRASTRUCTURE DEVELOPMENT FINANCE 0.03% Minerals/Mining 0.02% NMDC LTD 0.02% Non - Ferrous Metals 0.08% HINDALCO INDUSTRIES LTD 0.08% Oil 0.04% CAIRN INDIA LTD 0.04% Petroleum Products 1.21% RELIANCE INDUSTRIES LTD 1.19% BHARAT PETROLEUM CORPORATION LTD 0.02% Pharmaceuticals 2.02% RANBAXY LABORATORIES LTD 0.79% CIPLA LTD 0.60% LUPIN LTD 0.23% SUN PHARMACEUTICALS INDUSTRIES LTD 0.21% DR. REDDY'S LABORATORIES LTD 0.19% Power 0.16% POWER GRID CORPORATION OF INDIA LTD 0.16% Software 3.97% INFOSYS LTD 2.38% TATA CONSULTANCY SERVICES LTD 1.60% Equity Holdings Total 14.48% Rating CORPORATE BOND SECURITY Floating Rate Note MAGMA FINCORP LTD CARE AA+ 27.15% Floating Rate Note Total 27.15% CORPORATE BOND SECURITY Total 27.15% MUTUAL FUND Mutual Fund Units LIC NOMURA MF LIQUID FUND- DIRECT PLAN-GR OPTION 4.75% Mutual Fund Units Total 4.75% MUTUAL FUND Total 4.75% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A1+ 30.41% BANK OF MAHARASHTRA CRISIL A1+ 10.12% IDBI BANK LTD ICRA A1+ 5.18% ANDHRA BANK CARE A1+ 3.96% Certificate of Deposit Total 49.68% MONEY MARKET INSTRUMENTS Total 49.68% CBLO / REPO 2.44% NET RECEIVALBES/(PAYABLES) 1.50% 3.94% MATURITY PROFILE FOR THE Period Fund C MIPex 10 Yrs GOI Period Fund C MIPex 10 Years GOI Mar 30, 2012 To Mar 28, 2013 7.40% 9.06% 11.25% Last 1 Year 10,740 10,906 11,125 Mar 31, 2011 To Mar 30, 2012 1.68% 5.24% 2.43% Last 2 Years 10,168 10,523 11,396 Mar 31, 2010 To Mar 31, 2011 3.73% 6.17% 4.61% Last 3 Years 10,373 10,616 11,922 21,396 21,407 16,554 8.04% 8.05% 5.76% * For Dividend History refer to page no. 26 12 MUTUAL INTEREST April, 2013

LIC NOMURA MF CHILDREN'S FUND Scheme Type: Balanced Launch Date: September 26, 2001 AUM as on 28/03/2013: INR 4.76 Cr Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on March 28, 2013 EXPENSE RATIO : 2.21% ANNUAL TURNOVER RATIO : 0.83 times METRICS Growth 10.0939 Direct Growth 10.1065 Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 1.17% Sharpe Ratio -0.01 Portfolio Beta 1.15 R squared 0.11 ANALYSIS : SECTOR WISE 66 days 0.13 years An open ended scheme which seeks to generate long term capital growth through a judicious mix of investment in quality debt securities and equities with relatively low risk levels through research based investments. Auto 7.66% TATA MOTORS LTD 2.83% MAHINDRA & MAHINDRA LTD 2.27% MARUTI SUZUKI INDIA LTD 1.35% BAJAJ AUTO LTD 1.06% HERO MOTOCORP LTD 0.16% Banks 15.79% HDFC BANK LTD 6.59% ICICI BANK LTD 3.95% AXIS BANK LTD 2.74% STATE BANK OF INDIA 1.20% YES BANK LTD 0.90% INDUSIND BANK LTD 0.21% KOTAK MAHINDRA BANK LTD 0.21% Cement 2.38% AMBUJA CEMENTS LTD 1.47% ULTRATECH CEMENT LTD 0.39% GRASIM INDUSTRIES LTD 0.35% ACC LTD 0.17% Construction Project 2.59% LARSEN & TOUBRO LTD 2.59% Consumer Non Durables 7.80% ITC LTD 4.49% HINDUSTAN UNILEVER LTD 2.80% ASIAN PAINTS LTD 0.52% Ferrous Metals 0.72% TATA STEEL LTD 0.72% Finance 5.36% HOUSING DEVELOPMENT FINANCE CORPORATION 4.43% INFRASTRUCTURE DEVELOPMENT FINANCE 0.94% Industrial Capital Goods 0.14% SIEMENS LTD 0.14% Minerals/Mining 0.86% NMDC LTD 0.86% Non - Ferrous Metals 2.41% HINDALCO INDUSTRIES LTD 2.41% Oil 1.14% CAIRN INDIA LTD 1.14% Petroleum Products 4.10% RELIANCE INDUSTRIES LTD 3.90% BHARAT PETROLEUM CORPORATION LTD 0.20% Pharmaceuticals 3.63% DR. REDDY'S LABORATORIES LTD 1.30% CIPLA LTD 1.04% LUPIN LTD 0.66% SUN PHARMACEUTICALS INDUSTRIES LTD 0.45% RANBAXY LABORATORIES LTD 0.18% Power 0.18% POWER GRID CORPORATION OF INDIA LTD 0.18% Software 9.96% INFOSYS LTD 5.01% TATA CONSULTANCY SERVICES LTD 4.22% HCL TECHNOLOGIES LTD 0.50% WIPRO LTD 0.23% Telecom - Services 0.92% BHARTI AIRTEL LTD 0.92% Equity Holdings Total 65.66% Rating CORPORATE BOND SECURITY Corporate Bond SHRIRAM TRANSP FIN COMPANY LTD FITCH AA 11.46% Corporate Bond Total 11.46% CORPORATE BOND SECURITY Total 11.46% MUTUAL FUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR OPT 11.45% Mutual Fund Units Total 11.45% MUTUAL FUND Total 11.45% MONEY MARKET INSTRUMENTS Certificate of Deposit IDBI BANK LTD ICRA A1+ 10.32% Certificate of Deposit Total 10.32% MONEY MARKET INSTRUMENTS Total 10.32% CBLO / REPO 2.64% NET RECEIVALBES/(PAYABLES) -1.53% 1.11% MATURITY PROFILE FOR THE Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNX Nifty Mar 30, 2012 To Mar 28, 2013 4.89% 8.18% 7.31% Last 1 Year 10,489 10,818 10,729 Mar 31, 2011 To Mar 30, 2012-8.63% -3.17% -9.23% Last 2 Years 9,137 9,684 9,077 Mar 31, 2010 To Mar 31, 2011 0.98% 9.37% 11.14% Last 3 Years 10,098 10,935 11,113 10,094 NA 56,213 0.08% NA 16.99% * For Dividend History refer to page no. 26 13

LIC NOMURA MF FLOATER MIP Scheme Type: Hybrid Launch Date: September 21, 2004 AUM as on 28/03/2013: INR 57.36 Cr Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on March 28, 2013 Growth 20.2946 Dividend - Monthly 10.1914 Dividend - Quarterly 10.2493 Dividend - Yearly 10.7487 Direct Growth 19.3229 Direct Dividend - Monthly Direct Dividend - Quarterly 10.2480 Direct Dividend - Yearly 10.7476 EXPENSE RATIO : 1.40% ANNUAL TURNOVER RATIO : 1.94 times METRICS Quantitative Indicators - Debt Component Average Maturity 130 days Duration 0.33 years Standard Deviation 0.34% Sharpe Ratio 0.06 Portfolio Beta 0.55 R squared 0.15 ANALYSIS : SECTOR WISE The investment objective of the scheme is to generate regular income by investing mainly in floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimize the interest rate risk and at the same time aiming at generating capital appreciation in a long term investing in equity/equity related instruments. Auto 1.35% MAHINDRA & MAHINDRA LTD 1.20% TATA MOTORS LTD 0.08% MARUTI SUZUKI INDIA LTD 0.03% BAJAJ AUTO LTD 0.03% Banks 1.27% HDFC BANK LTD 1.09% ICICI BANK LTD 0.16% INDUSIND BANK LTD 0.02% Cement 0.33% AMBUJA CEMENTS LTD 0.16% GRASIM INDUSTRIES LTD 0.15% ACC LTD 0.02% Construction Project 1.67% LARSEN & TOUBRO LTD 1.67% Consumer Non Durables 0.33% ASIAN PAINTS LTD 0.17% ITC LTD 0.10% HINDUSTAN UNILEVER LTD 0.07% Finance 1.83% INFRASTRUCTURE DEVELOPMENT FINANCE 1.25% HOUSING DEVELOPMENT FINANCE CORPORATION 0.58% Minerals/Mining 0.01% NMDC LTD 0.01% Non - Ferrous Metals 0.84% HINDALCO INDUSTRIES LTD 0.84% Oil 0.03% CAIRN INDIA LTD 0.03% Petroleum Products 0.35% RELIANCE INDUSTRIES LTD 0.34% BHARAT PETROLEUM CORPORATION LTD 0.02% Pharmaceuticals 2.01% CIPLA LTD 0.79% BIOCON LTD 0.50% RANBAXY LABORATORIES LTD 0.38% SUN PHARMACEUTICALS INDUSTRIES LTD 0.17% DR. REDDY'S LABORATORIES LTD 0.15% Power 0.09% POWER GRID CORPORATION OF INDIA LTD 0.09% Software 0.42% TATA CONSULTANCY SERVICES LTD 0.22% INFOSYS LTD 0.20% Equity Holdings Total 10.53% Rating CORPORATE BOND SECURITY Floating Rate Note MAGMA FINCORP LTD CARE AA+ 27.33% Floating Rate Note Total 27.33% CORPORATE BOND SECURITY Total 27.33% MUTUAL FUND Mutual Fund Units LIC NOMURA MUTUAL FUND 0.44% Mutual Fund Units Total 0.44% MUTUAL FUND Total 0.44% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A1+ 33.49% BANK OF MAHARASHTRA CRISIL A1+ 25.08% Certificate of Deposit Total 58.57% MONEY MARKET INSTRUMENTS Total 58.57% CBLO / REPO 1.81% NET RECEIVALBES/(PAYABLES) 1.32% 3.13% MATURITY PROFILE FOR THE Period Fund C MIPex 10 Yrs GOI Period Fund C MIPex 10 Years GOI Mar 30, 2012 To Mar 28, 2013 7.08% 9.06% 11.25% Last 1 Year 10,708 10,906 11,125 Mar 31, 2011 To Mar 30, 2012 3.54% 5.24% 2.43% Last 2 Years 10,354 10,523 11,396 Mar 31, 2010 To Mar 31, 2011 6.43% 6.17% 4.61% Last 3 Years 10,643 10,616 11,922 20,295 19,058 15,786 8.77% 7.96% 5.87% * For Dividend History refer to page no. 26 14 MUTUAL INTEREST April, 2013

LIC NOMURA MF EQUITY FUND Scheme Type: Equity - Diversified Launch Date: April 16, 1998 AUM as on 28/03/2013: INR 66.47 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima As on March 28, 2013 EXPENSE RATIO : 1.88% ANNUAL TURNOVER RATIO : 0.36 times Growth 25.8447 Dividend 10.1851 Direct Growth 25.8489 Direct Dividend 10.1933 Standard Deviation 1.62 Sharpe Ratio 0.03 Portfolio Beta 0.90 ANALYSIS : SECTOR WISE An open ended pure Growth scheme seeking to provide capital growth by investing mainly in mix of equity instruments. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. Auto 5.65% TATA MOTORS LTD 3.73% MAHINDRA & MAHINDRA LTD 1.92% Banks 23.66% ICICI BANK LTD 7.39% HDFC BANK LTD 6.31% STATE BANK OF INDIA 4.05% CANARA BANK 2.39% BANK OF INDIA 1.84% AXIS BANK LTD 1.68% Construction Project 4.90% LARSEN & TOUBRO LTD 4.90% Consumer Non Durables 15.57% ITC LTD 8.63% HINDUSTAN UNILEVER LTD 3.36% COLGATE PALMOLIVE (INDIA) LTD 2.20% VST INDUSTRIES LTD 1.38% Ferrous Metals 2.24% TATA STEEL LTD 2.24% Finance 4.23% HOUSING DEVELOPMENT FINANCE CORPORATION 2.89% POWER FINANCE CORPORATION LTD 1.34% Industrial Products 0.02% SKF INDIA LTD 0.02% Minerals/Mining 1.87% COAL INDIA LTD 1.87% Oil 6.57% OIL & NATURAL GAS CORPORATION LTD 4.32% CAIRN INDIA LTD 2.25% Petroleum Products 4.85% RELIANCE INDUSTRIES LTD 4.85% Pharmaceuticals 3.62% CIPLA LTD 1.58% LUPIN LTD 1.08% SUN PHARMACEUTICALS INDUSTRIES LTD 0.96% Power 2.97% POWER GRID CORPORATION OF INDIA LTD 1.97% NTPC LTD 1.00% Software 16.47% INFOSYS LTD 8.95% WIPRO LTD 3.22% TATA CONSULTANCY SERVICES LTD 2.39% HCL TECHNOLOGIES LTD 0.97% PERSISTENT SYSTEMS LTD 0.93% Telecom - Services 3.81% BHARTI AIRTEL LTD 3.81% Equity Holdings Total 96.42% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND- DIRECT PLAN-GR OPTION 1.51% Mutual Fund Units Total 1.51% MUTFUND Total 1.51% CBLO / REPO 2.74% NET RECEIVALBES/(PAYABLES) -0.67% 2.07% Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Mar 30, 2012 To Mar 28, 2013 6.68% 8.23% 7.31% Last 1 Year 10,666 10,831 10,729 Mar 31, 2011 To Mar 30, 2012-10.95% -10.50% -9.23% Last 2 Years 8,904 8,946 9,077 Mar 31, 2010 To Mar 31, 2011 9.25% 10.94% 11.14% Last 3 Years 10,925 11,103 11,113 29,913 44,927 47,473 7.60% 10.56% 10.94% 15

LIC NOMURA MF GROWTH FUND Scheme Type: Equity - Diversified Launch Date: September 1, 1999 AUM as on 28/03/2013: INR 77.99 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima As on March 28, 2013 EXPENSE RATIO : 1.90% ANNUAL TURNOVER RATIO: 0.40 times Growth 12.5466 Dividend 11.1267 Direct Growth 12.5601 Direct Dividend 11.1021 Standard Deviation 1.60 Sharpe Ratio 0.04 Portfolio Beta 0.86 ANALYSIS : SECTOR WISE An open ended pure Growth scheme seeking to provide capital growth by investing mainly in equity instruments and also in debt and other permitted instruments of capital and money markets. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. Auto 5.94% TATA MOTORS LTD 3.77% MAHINDRA & MAHINDRA LTD 2.17% Banks 23.42% ICICI BANK LTD 6.71% HDFC BANK LTD 5.58% STATE BANK OF INDIA 4.85% CANARA BANK 2.62% BANK OF INDIA 1.97% AXIS BANK LTD 1.68% Construction Project 6.12% LARSEN & TOUBRO LTD 6.12% Consumer Non Durables 11.87% ITC LTD 7.50% HINDUSTAN UNILEVER LTD 4.37% Ferrous Metals 2.05% TATA STEEL LTD 2.05% Finance 3.32% POWER FINANCE CORPORATION LTD 2.00% HOUSING DEVELOPMENT FINANCE CORPORATION 1.33% Gas 3.66% PETRONET LNG LTD 2.39% INDRAPRASTHA GAS LTD 1.27% Industrial Products 0.92% BHARAT FORGE LTD 0.92% Media & Entertainment 1.12% D.B.CORP LTD 1.12% Minerals/Mining 3.78% COAL INDIA LTD 2.26% GUJARAT MINERAL DEVELOPMENT CORP LTD 1.51% Oil 5.25% OIL & NATURAL GAS CORPORATION LTD 3.37% CAIRN INDIA LTD 1.87% Petroleum Products 2.42% RELIANCE INDUSTRIES LTD 2.42% Pharmaceuticals 4.01% LUPIN LTD 1.31% SUN PHARMACEUTICALS INDUSTRIES LTD 1.27% CIPLA LTD 0.83% DR. REDDY'S LABORATORIES LTD 0.61% Power 3.06% POWER GRID CORPORATION OF INDIA LTD 1.96% NTPC LTD 1.10% Software 14.21% INFOSYS LTD 7.46% HCL TECHNOLOGIES LTD 3.89% WIPRO LTD 2.24% TATA CONSULTANCY SERVICES LTD 0.61% Telecom - Services 3.93% BHARTI AIRTEL LTD 3.93% Equity Holdings Total 95.05% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND- DIRECT PLAN-GR OPTION 1.28% Mutual Fund Units Total 1.28% MUTFUND Total 1.28% CBLO / REPO 4.59% NET RECEIVALBES/(PAYABLES) -0.93% 3.66% Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Mar 30, 2012 To Mar 28, 2013 5.52% 8.23% 7.31% Last 1 Year 10,552 10,831 10,729 Mar 31, 2011 To Mar 30, 2012-10.21% -10.50% -9.23% Last 2 Years 8,981 8,946 9,077 Mar 31, 2010 To Mar 31, 2011 9.22% 10.94% 11.14% Last 3 Years 10,922 11,103 11,113 27,040 39,042 40,302 7.60% 10.55% 11.32% 16 MUTUAL INTEREST April, 2013

LIC NOMURA MF TAX PLAN Scheme Type: Equity Linked Savings Scheme Launch Date: April 17, 2000 AUM as on 28/03/2013: INR 29.93 Cr Exit Load: Nil Benchmark: BSE Sensex Minimum Investment: Rs. 500/- Offered under ELSS - 3 years lock-in period Name: Shri Nobutaka Kitajima as on March 28, 2013 Growth 28.3966 Dividend 10.1670 Direct Growth 28.4720 Direct Dividend 10.1890 EXPENSE RATIO : 2.22% ANNUAL TURNOVER RATIO: 0.16 times Standard Deviation 1.93% Sharpe Ratio 0.03 Portfolio Beta 0.86 ANALYSIS : SECTOR WISE To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. Auto 7.12% TATA MOTORS LTD 3.87% MAHINDRA & MAHINDRA LTD 2.65% BAJAJ AUTO LTD 0.60% Banks 25.40% ICICI BANK LTD 7.54% STATE BANK OF INDIA 5.78% HDFC BANK LTD 5.71% KOTAK MAHINDRA BANK LTD 1.87% AXIS BANK LTD 1.84% CANARA BANK 1.68% BANK OF INDIA 0.97% Construction Project 4.84% LARSEN & TOUBRO LTD 4.61% VOLTAS LTD 0.23% Consumer Non Durables 11.71% ITC LTD 8.98% HINDUSTAN UNILEVER LTD 1.87% VST INDUSTRIES LTD 0.86% Ferrous Metals 2.61% TATA STEEL LTD 2.61% Finance 3.80% HOUSING DEVELOPMENT FINANCE CORPORATION 2.97% RURAL ELECTRIFICATION CORPORATION LTD 0.84% Gas 2.11% GAIL (INDIA) LTD 1.53% PETRONET LNG LTD 0.58% Media & Entertainment 1.10% D.B.CORP LTD 1.10% Minerals/Mining 2.81% COAL INDIA LTD 1.86% GUJARAT MINERAL DEVELOPMENT CORP LTD 0.95% Oil 5.00% OIL & NATURAL GAS CORPORATION LTD 3.17% CAIRN INDIA LTD 1.83% Petroleum Products 5.17% RELIANCE INDUSTRIES LTD 5.17% Pharmaceuticals 4.70% DR. REDDY'S LABORATORIES LTD 1.77% SUN PHARMACEUTICALS INDUSTRIES LTD 1.23% CIPLA LTD 1.11% RANBAXY LABORATORIES LTD 0.59% Power 0.93% POWER GRID CORPORATION OF INDIA LTD 0.93% Software 15.09% INFOSYS LTD 9.08% TATA CONSULTANCY SERVICES LTD 4.21% WIPRO LTD 1.17% HCL TECHNOLOGIES LTD 0.64% Telecom - Services 3.02% BHARTI AIRTEL LTD 3.02% Transportation 1.11% CONTAINER CORPORATION OF INDIA LTD 0.69% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 0.42% Equity Holdings Total 96.52% CBLO / REPO 3.80% NET RECEIVALBES/(PAYABLES) -0.32% 3.48% Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Mar 30, 2012 To Mar 28, 2013 5.13% 8.23% 7.31% Last 1 Year 10,513 10,831 10,729 Mar 31, 2011 To Mar 30, 2012-10.43% -10.50% -9.23% Last 2 Years 8,956 8,946 9,077 Mar 31, 2010 To Mar 31, 2011 10.17% 10.94% 11.14% Last 3 Years 11,017 11,103 11,113 19,679 38,592 35,230 5.36% 10.99% 10.17% 17

LIC NOMURA MF INDEX FUND - SENSEX PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 28/03/2013: INR 15.98 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on March 28, 2013 EXPENSE RATIO : 1.51% ANNUAL TURNOVER RATIO : 0.02 times Growth 35.4171 Dividend 12.1393 Direct Growth 35.4482 Direct Dividend 11.9243 Tracking error 0.41% Standard Deviation 1.58% Sharpe Ratio 0.03 Portfolio Beta 0.94 The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors. Auto 9.16% TATA MOTORS LTD 3.10% MAHINDRA & MAHINDRA LTD 2.42% BAJAJ AUTO LTD 1.59% MARUTI SUZUKI INDIA LTD 1.12% HERO MOTOCORP LTD 0.93% Banks 17.97% ICICI BANK LTD 7.36% HDFC BANK LTD 7.22% STATE BANK OF INDIA 3.40% Construction Project 4.60% LARSEN & TOUBRO LTD 4.60% Consumer Non Durables 13.51% ITC LTD 10.41% HINDUSTAN UNILEVER LTD 3.09% Ferrous Metals 2.19% TATA STEEL LTD 1.30% JINDAL STEEL & POWER LTD 0.89% Finance 7.75% HOUSING DEVELOPMENT FINANCE CORPORATION 7.75% Gas 0.98% GAIL (INDIA) LTD 0.98% Industrial Capital Goods 0.93% BHARAT HEAVY ELECTRICALS LTD 0.93% Minerals/Mining 1.20% COAL INDIA LTD 1.20% Non - Ferrous Metals 1.61% STERLITE INDUSTRIES ( INDIA ) LTD 0.87% HINDALCO INDUSTRIES LTD 0.75% Oil 4.06% OIL & NATURAL GAS CORPORATION LTD 4.06% Petroleum Products 8.41% RELIANCE INDUSTRIES LTD 8.41% Pharmaceuticals 4.64% SUN PHARMACEUTICALS INDUSTRIES LTD 2.08% DR. REDDY'S LABORATORIES LTD 1.35% CIPLA LTD 1.21% Power 2.74% NTPC LTD 1.77% TATA POWER COMPANY LTD 0.97% Software 15.87% INFOSYS LTD 8.60% TATA CONSULTANCY SERVICES LTD 5.63% WIPRO LTD 1.64% Telecom - Services 2.38% BHARTI AIRTEL LTD 2.38% Equity Holdings Total 98.00% CBLO / REPO 3.82% NET RECEIVALBES/(PAYABLES) -1.83% 2.00% ANALYSIS : SECTOR WISE Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Mar 30, 2012 To Mar 28, 2013 8.82% 8.23% 7.31% Last 1 Year 10,881 10,831 10,729 Mar 31, 2011 To Mar 30, 2012-10.26% -10.50% -9.23% Last 2 Years 8,973 8,946 9,077 Mar 31, 2010 To Mar 31, 2011 11.35% 10.94% 11.14% Last 3 Years 11,135 11,103 11,113 36,717 58,320 54,329 13.43% 18.63% 18.44% 18 MUTUAL INTEREST April, 2013

LIC NOMURA MF INDEX FUND - NIFTY PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 28/03/2013: INR 33.67 Cr Benchmark: S&P CNX Nifty Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on March 28, 2013 EXPENSE RATIO : 1.42% ANNUAL TURNOVER RATIO : 0.23 times ANALYSIS : SECTOR WISE Growth 31.6088 Dividend 11.6597 Direct Growth 31.6462 Direct Dividend 11.6679 Tracking error 0.70% Standard Deviation 1.56% Sharpe Ratio 0.03 Portfolio Beta 0.87 The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors. Auto 7.69% TATA MOTORS LTD 2.55% MAHINDRA & MAHINDRA LTD 2.11% BAJAJ AUTO LTD 1.31% MARUTI SUZUKI INDIA LTD 0.92% HERO MOTOCORP LTD 0.80% Banks 20.08% ICICI BANK LTD 6.46% HDFC BANK LTD 6.13% STATE BANK OF INDIA 2.86% AXIS BANK LTD 2.19% KOTAK MAHINDRA BANK LTD 1.32% BANK OF BARODA 0.62% PUNJAB NATIONAL BANK 0.51% Cement 3.69% ULTRATECH CEMENT LTD 1.01% GRASIM INDUSTRIES LTD 0.96% AMBUJA CEMENTS LTD 0.72% ACC LTD 0.59% JAIPRAKASH ASSOCIATES LTD 0.41% Construction 0.47% DLF LTD 0.47% Construction Project 3.96% LARSEN & TOUBRO LTD 3.96% Consumer Non Durables 12.89% ITC LTD 9.09% HINDUSTAN UNILEVER LTD 2.60% ASIAN PAINTS LTD 1.20% Ferrous Metals 1.85% TATA STEEL LTD 1.13% JINDAL STEEL & POWER LTD 0.72% Finance 7.78% HOUSING DEVELOPMENT FINANCE CORPORATION 6.83% INFRASTRUCTURE DEVELOPMENT FINANCE 0.95% Gas 0.77% GAIL (INDIA) LTD 0.77% Industrial Capital Goods 1.02% BHARAT HEAVY ELECTRICALS LTD 0.76% SIEMENS LTD 0.26% Minerals/Mining 1.38% COAL INDIA LTD 1.06% SESA GOA LTD 0.33% Non - Ferrous Metals 0.64% HINDALCO INDUSTRIES LTD 0.64% Oil 3.81% OIL & NATURAL GAS CORPORATION LTD 2.95% CAIRN INDIA LTD 0.86% Petroleum Products 7.32% RELIANCE INDUSTRIES LTD 6.79% BHARAT PETROLEUM CORPORATION LTD 0.53% Pharmaceuticals 5.09% SUN PHARMACEUTICALS INDUSTRIES LTD 1.67% DR. REDDY'S LABORATORIES LTD 1.21% CIPLA LTD 1.04% LUPIN LTD 0.80% RANBAXY LABORATORIES LTD 0.37% Power 3.46% NTPC LTD 1.57% TATA POWER COMPANY LTD 0.84% POWER GRID CORPORATION OF INDIA LTD 0.81% RELIANCE INFRASTRUCTURE LTD 0.24% Software 14.08% INFOSYS LTD 7.46% TATA CONSULTANCY SERVICES LTD 4.30% WIPRO LTD 1.22% HCL TECHNOLOGIES LTD 1.10% Telecom - Services 1.87% BHARTI AIRTEL LTD 1.87% Equity Holdings Total 97.85% CBLO / REPO 3.35% NET RECEIVALBES/(PAYABLES) -1.20% 2.15% Period Fund Nifty Sensex Last 1 Year 10,748 10,729 10,831 Last 2 Years 9,131 9,077 8,946 Last 3 Years 11,138 11,113 11,103 32,909 54,329 58,320 Period Fund Nifty Sensex Mar 30, 2012 To Mar 28, 2013 7.47% 7.31% 8.23% Mar 31, 2011 To Mar 30, 2012-8.68% -9.23% -10.50% Mar 31, 2010 To Mar 31, 2011 11.38% 11.14% 10.94% 12.23% 17.82% 18.63% 19

LIC NOMURA MF INDEX FUND - SENSEX ADVANTAGE PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 28/03/2013: INR 3.55 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on March 28, 2013 EXPENSE RATIO : 1.52% ANNUAL TURNOVER RATIO : 0.08 times Growth 33.2363 Dividend 11.7571 Direct Growth 33.2158 Direct Dividend 11.7714 Tracking error 0.51% Standard Deviation 1.46% Sharpe Ratio 0.03 Portfolio Beta 0.85 ANALYSIS : SECTOR WISE The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors. Auto 7.46% TATA MOTORS LTD 2.38% MAHINDRA & MAHINDRA LTD 2.03% BAJAJ AUTO LTD 1.32% MARUTI SUZUKI INDIA LTD 0.94% HERO MOTOCORP LTD 0.79% Banks 19.68% ICICI BANK LTD 5.86% HDFC BANK LTD 5.67% STATE BANK OF INDIA 2.72% KOTAK MAHINDRA BANK LTD 2.64% BANK OF BARODA 1.39% AXIS BANK LTD 1.39% Cement 1.40% AMBUJA CEMENTS LTD 1.40% Construction Project 4.93% LARSEN & TOUBRO LTD 3.85% SADBHAV ENGINEERING LTD 1.08% Consumer Non Durables 10.66% ITC LTD 8.08% HINDUSTAN UNILEVER LTD 2.57% Ferrous Metals 1.83% TATA STEEL LTD 1.08% JINDAL STEEL & POWER LTD 0.75% Finance 7.02% HOUSING DEVELOPMENT FINANCE CORPORATION 6.02% INFRASTRUCTURE DEVELOPMENT FINANCE 1.00% Gas 2.21% PETRONET LNG LTD 1.38% GAIL (INDIA) LTD 0.83% Industrial Capital Goods 0.67% BHARAT HEAVY ELECTRICALS LTD 0.67% Minerals/Mining 1.00% COAL INDIA LTD 1.00% Non - Ferrous Metals 1.35% STERLITE INDUSTRIES ( INDIA ) LTD 0.72% HINDALCO INDUSTRIES LTD 0.63% Oil 3.86% OIL & NATURAL GAS CORPORATION LTD 3.02% CAIRN INDIA LTD 0.84% Petroleum Products 6.58% RELIANCE INDUSTRIES LTD 6.58% Pharmaceuticals 5.47% LUPIN LTD 1.86% SUN PHARMACEUTICALS INDUSTRIES LTD 1.73% CIPLA LTD 1.01% DR. REDDY'S LABORATORIES LTD 0.86% Power 2.00% NTPC LTD 1.18% TATA POWER COMPANY LTD 0.82% Software 15.93% INFOSYS LTD 6.87% TATA CONSULTANCY SERVICES LTD 4.45% HCL TECHNOLOGIES LTD 3.23% WIPRO LTD 1.37% Telecom - Services 1.98% BHARTI AIRTEL LTD 1.98% Equity Holdings Total 94.04% CBLO / REPO 6.56% NET RECEIVALBES/(PAYABLES) -0.59% 5.96% Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Mar 30, 2012 To Mar 28, 2013 8.28% 8.23% 7.31% Last 1 Year 10,830 10,831 10,729 Mar 31, 2011 To Mar 30, 2012-9.60% -10.50% -9.23% Last 2 Years 9,038 8,946 9,077 Mar 31, 2010 To Mar 31, 2011 10.64% 10.94% 11.14% Last 3 Years 11,064 11,103 11,113 34,736 58,320 54,329 12.82% 18.63% 18.44% 20 MUTUAL INTEREST April, 2013

LIC NOMURA MF OPPORTUNITIES FUND Scheme Type: Equity - Diversified Launch Date: January 31, 2005 AUM as on 28/03/2013: INR 26.52 Cr Benchmark: BSE 200 Minimum Investment: Rs. 5000/- Name: Shri Nobutaka Kitajima as on March 28, 2013 EXPENSE RATIO : 2.24% ANNUAL TURNOVER RATIO : 0.08 times Growth 17.9282 Dividend 10.2031 Direct Growth 17.9382 Direct Dividend 10.2066 Standard Deviation 1.60% Sharpe Ratio 0.02 Portfolio Beta 0.84 The investment objective of the scheme is to provide capital growth in long-term with reasonable risk levels by investing mainly in companies which are in sector/s, which have a high growth potential at that point of time. Auto 7.60% TATA MOTORS LTD 3.66% MAHINDRA & MAHINDRA LTD 2.92% BAJAJ AUTO LTD 1.02% Banks 24.13% ICICI BANK LTD 8.28% HDFC BANK LTD 6.94% STATE BANK OF INDIA 3.67% KOTAK MAHINDRA BANK LTD 2.09% AXIS BANK LTD 1.95% BANK OF BARODA 1.19% Construction Project 5.10% LARSEN & TOUBRO LTD 5.10% Consumer Non Durables 11.76% ITC LTD 9.02% HINDUSTAN UNILEVER LTD 2.11% NESTLE INDIA LTD 0.62% Ferrous Metals 1.69% TATA STEEL LTD 1.69% Finance 6.70% HOUSING DEVELOPMENT FINANCE CORPORATION 6.70% Gas 0.61% PETRONET LNG LTD 0.61% Minerals/Mining 2.00% COAL INDIA LTD 2.00% Oil 1.89% OIL & NATURAL GAS CORPORATION LTD 1.89% Petroleum Products 7.58% RELIANCE INDUSTRIES LTD 7.58% Pharmaceuticals 5.05% DR. REDDY'S LABORATORIES LTD 3.00% CIPLA LTD 0.86% RANBAXY LABORATORIES LTD 0.83% SUN PHARMACEUTICALS INDUSTRIES LTD 0.37% Power 2.39% POWER GRID CORPORATION OF INDIA LTD 2.39% Software 15.92% INFOSYS LTD 8.17% TATA CONSULTANCY SERVICES LTD 4.10% HCL TECHNOLOGIES LTD 2.10% WIPRO LTD 1.55% Telecom - Services 2.48% BHARTI AIRTEL LTD 2.48% Equity Holdings Total 94.90% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND- DIRECT PLAN-GR OPTION 3.40% Mutual Fund Units Total 3.40% MUTFUND Total 3.40% CBLO / REPO 2.09% NET RECEIVALBES/(PAYABLES) -0.39% 1.69% ANALYSIS : SECTOR WISE Period Fund BSE 200 Nifty Period Fund BSE 200 Nifty Mar 30, 2012 To Mar 28, 2013 6.41% 6.03% 7.31% Last 1 Year 10,640 10,602 10,729 Mar 31, 2011 To Mar 30, 2012-12.86% -9.28% -9.23% Last 2 Years 8,716 9,072 9,077 Mar 31, 2010 To Mar 31, 2011 9.83% 8.15% 11.14% Last 3 Years 10,983 10,814 11,113 17,928 25,416 26,942 7.54% 12.31% 13.19% 21

LIC NOMURA MF INDIA VISION FUND Scheme Type: Equity - Diversified Launch Date: November 23, 2006 AUM as on 28/03/2013: INR 37.07 Cr Benchmark: BSE 200 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on March 28, 2013 EXPENSE RATIO : 2.53% ANNUAL TURNOVER RATIO : 0.20 times Growth 8.6332 Dividend 8.6325 Direct Growth 8.6388 Direct Dividend 8.6360 Standard Deviation 1.63% Sharpe Ratio -0.01 Portfolio Beta 0.75 ANALYSIS : SECTOR WISE The investment objective of the Scheme is to generate long-term appreciation by identifying growth sectors and investing in the universe of companies within such sectors. The emphasis will be to pick up undervalued stocks in the mid and small cap segment that have potential to grow into large cap segment in the identified sectors. Investment in large cap stocks in the identified sectors will be purely to take short-term advantage of the market momentum. Auto 7.16% TATA MOTORS LTD 3.56% MAHINDRA & MAHINDRA LTD 3.26% BAJAJ AUTO LTD 0.34% Auto Ancillaries 2.42% MRF LTD 1.29% APOLLO TYRES LTD 1.13% Banks 19.25% ICICI BANK LTD 5.95% STATE BANK OF INDIA 3.36% AXIS BANK LTD 2.81% HDFC BANK LTD 2.11% YES BANK LTD 1.40% IDBI BANK LTD 1.30% KOTAK MAHINDRA BANK LTD 1.23% BANK OF BARODA 1.09% Construction Project 6.40% LARSEN & TOUBRO LTD 4.65% SADBHAV ENGINEERING LTD 0.93% VOLTAS LTD 0.81% Consumer Non Durables 13.99% ITC LTD 5.18% GODREJ CONSUMER PRODUCTS LTD 2.31% NESTLE INDIA LTD 1.66% TATA GLOBAL BEVERAGES LTD 1.36% ASIAN PAINTS LTD 1.33% HINDUSTAN UNILEVER LTD 1.26% VST INDUSTRIES LTD 0.90% Ferrous Metals 2.11% TATA STEEL LTD 2.11% Finance 5.64% HOUSING DEVELOPMENT FINANCE CORPORATION 3.12% INFRASTRUCTURE DEVELOPMENT FINANCE 2.52% Gas 1.50% PETRONET LNG LTD 1.50% Industrial Capital Goods 0.47% NITIN FIRE PROTECTION INDUSTRIES LTD 0.47% Industrial Products 1.21% CUMMINS INDIA LTD 1.21% Minerals/Mining 2.52% GUJARAT MINERAL DEVELOPMENT CORP LTD 1.52% COAL INDIA LTD 1.00% Oil 4.20% OIL & NATURAL GAS CORPORATION LTD 4.20% Petroleum Products 2.92% RELIANCE INDUSTRIES LTD 2.92% Pharmaceuticals 7.56% SUN PHARMACEUTICALS INDUSTRIES LTD 4.40% LUPIN LTD 2.07% RANBAXY LABORATORIES LTD 1.09% Power 1.54% PTC INDIA LTD 1.54% Software 11.64% INFOSYS LTD 6.78% TATA CONSULTANCY SERVICES LTD 2.61% HCL TECHNOLOGIES LTD 2.25% Telecom - Services 4.18% Bharti airtel ltd 2.83% Idea cellular ltd 1.35% Transportation 1.22% CONTAINER CORPORATION OF INDIA LTD 1.22% Equity Holdings Total 95.94% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND 2.16% DIRECT PLAN-GR OPTION Mutual Fund Units Total 2.16% MUTFUND Total 2.16% CBLO / REPO 2.33% NET RECEIVALBES/(PAYABLES) -0.43% 1.90% Period Fund BSE 200 Nifty Period Fund BSE 200 Nifty Mar 30, 2012 To Mar 28, 2013 6.97% 6.03% 7.31% Last 1 Year 10,698 10,602 10,729 Mar 31, 2011 To Mar 30, 2012-9.85% -9.28% -9.23% Last 2 Years 9,017 9,072 9,077 Mar 31, 2010 To Mar 31, 2011 4.86% 8.15% 11.14% Last 3 Years 10,486 10,814 11,113 8,633 13,441 13,940-2.34% 4.89% 5.69% 22 MUTUAL INTEREST April, 2013

LIC NOMURA MF SYSTEMATIC FUND Scheme Type: Equity - Diversified Launch Date: August 16, 2007 AUM as on 28/03/2013: INR 39.51 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on March 28, 2013 EXPENSE RATIO : 2.38% ANNUAL TURNOVER RATIO : 0.11 times Growth 9.8323 Dividend 9.8404 Direct Growth 9.8464 Direct Dividend 9.8449 The investment objective of the scheme is to achieve a long term growth by investing systematically in the Equity / Equity related instruments. Auto 10.18% TATA MOTORS LTD 5.85% MAHINDRA & MAHINDRA LTD 4.34% Banks 21.05% HDFC BANK LTD 6.61% ICICI BANK LTD 5.90% STATE BANK OF INDIA 5.25% AXIS BANK LTD 3.29% Construction Project 6.92% LARSEN & TOUBRO LTD 6.92% Consumer Non Durables 12.95% ITC LTD 9.92% HINDUSTAN UNILEVER LTD 3.03% Ferrous Metals 2.77% TATA STEEL LTD 2.77% Finance 7.63% HOUSING DEVELOPMENT FINANCE CORPORATION 7.63% Minerals/Mining 2.04% COAL INDIA LTD 2.04% Oil 2.36% OIL & NATURAL GAS CORPORATION LTD 2.36% Petroleum Products 7.43% RELIANCE INDUSTRIES LTD 7.43% Pharmaceuticals 3.23% CIPLA LTD 2.21% SUN PHARMACEUTICALS INDUSTRIES LTD 0.70% DR. REDDY'S LABORATORIES LTD 0.31% Software 14.84% INFOSYS LTD 9.69% TATA CONSULTANCY SERVICES LTD 5.15% Telecom - Services 3.25% BHARTI AIRTEL LTD 3.25% Equity Holdings Total 94.66% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND- DIRECT PLAN-GR OPTION 2.54% Mutual Fund Units Total 2.54% MUTFUND Total 2.54% CBLO / REPO 3.18% NET RECEIVALBES/(PAYABLES) -0.37% 2.81% Standard Deviation 0.97% Sharpe Ratio -0.01 Portfolio Beta 0.74 ANALYSIS : SECTOR WISE Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Mar 30, 2012 To Mar 28, 2013 6.12% 8.23% 7.31% Last 1 Year 10,613 10,831 10,729 Mar 31, 2011 To Mar 30, 2012-11.17% -10.50% -9.23% Last 2 Years 8,881 8,946 9,077 Mar 31, 2010 To Mar 31, 2011-1.62% 10.94% 11.14% Last 3 Years 9,838 11,103 11,113 9,838 10,095 10,443-0.30% 0.17% 0.73% 23

LIC NOMURA MF TOP 100 FUND Scheme Type: Equity - Diversified Launch Date: November 15, 2007 AUM as on 28/03/2013: INR 176.37 Cr Benchmark: CNX 100 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on March 28, 2013 EXPENSE RATIO : 2.40% ANNUAL TURNOVER RATIO : 0.06 times Growth 7.9629 Dividend 7.9625 Direct Growth 7.9674 Direct Dividend 7.9674 Standard Deviation 1.52% Sharpe Ratio -0.01 Portfolio Beta 0.74 The investment objective of the scheme is to provide long term capital appreciation from a portfolio of equity and equity related instruments primarily drawn from the companies in CNX 100 index. Auto 7.80% MAHINDRA & MAHINDRA LTD 4.02% TATA MOTORS LTD 3.27% BAJAJ AUTO LTD 0.51% Banks 18.89% HDFC BANK LTD 6.33% ICICI BANK LTD 4.80% STATE BANK OF INDIA 3.94% AXIS BANK LTD 2.61% KOTAK MAHINDRA BANK LTD 1.22% Construction Project 6.00% LARSEN & TOUBRO LTD 6.00% Consumer Non Durables 11.80% ITC LTD 7.69% HINDUSTAN UNILEVER LTD 4.10% Ferrous Metals 2.54% TATA STEEL LTD 2.54% Finance 10.93% HOUSING DEVELOPMENT FINANCE CORPORATION 6.30% INFRASTRUCTURE DEVELOPMENT FINANCE 3.09% POWER FINANCE CORPORATION LTD 1.54% Gas 1.89% GAIL (India) Ltd 1.89% Oil 2.55% OIL & NATURAL GAS CORPORATION LTD 2.55% Petroleum Products 6.42% RELIANCE INDUSTRIES LTD 6.42% Pharmaceuticals 7.15% SUN PHARMACEUTICALS INDUSTRIES LTD 4.04% LUPIN LTD 2.49% CIPLA LTD 0.37% DR. REDDY'S LABORATORIES LTD 0.25% Power 1.15% POWER GRID CORPORATION OF INDIA LTD 1.15% Software 15.99% INFOSYS LTD 8.31% TATA CONSULTANCY SERVICES LTD 4.20% HCL TECHNOLOGIES LTD 2.12% WIPRO LTD 1.36% Telecom - Services 1.60% BHARTI AIRTEL LTD 0.82% IDEA CELLULAR LTD 0.78% Transportation 0.56% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 0.56% Equity Holdings Total 95.27% MUTFUND Mutual Fund Units LIC NOMURA MF LIQUID FUND- 2.27% DIRECT PLAN-GR OPTION Mutual Fund Units Total 2.27% MUTFUND Total 2.27% CBLO / REPO 2.82% NET RECEIVALBES/(PAYABLES) -0.36% 2.46% ANALYSIS : SECTOR WISE Period Fund CNX 100 Nifty Period Fund CNX 100 Nifty Mar 30, 2012 To Mar 28, 2013 7.75% 7.28% 7.31% Last 1 Year 10,775 10,728 10,729 Mar 31, 2011 To Mar 30, 2012-11.13% -8.96% -9.23% Last 2 Years 8,882 9,105 9,077 Mar 31, 2010 To Mar 31, 2011 2.07% 10.09% 11.14% Last 3 Years 10,207 11,012 11,113 7,963 9,017 9,060-4.27% -1.96% -1.95% 24 MUTUAL INTEREST April, 2013

LIC NOMURA MF INFRASTRUCTURE FUND Scheme Type: Equity - Diversified Launch Date: January 31, 2008 AUM as on 28/03/2013: INR 79.70 Cr Benchmark: BSE 100 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on March 28, 2013 EXPENSE RATIO : 2.49% ANNUAL TURNOVER RATIO : 0.26 times Growth 7.7010 Dividend 7.7010 Direct Growth 7.7068 Direct Dividend 7.7044 Standard Deviation 1.68% Sharpe Ratio -0.01 Portfolio Beta 0.83 The investment objective of the scheme is to provide long term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector. Auto 1.75% TATA MOTORS LTD 1.75% Banks 20.24% HDFC BANK LTD 8.24% ICICI BANK LTD 7.87% STATE BANK OF INDIA 4.14% Cement 0.22% AMBUJA CEMENTS LTD 0.22% Construction Project 12.16% LARSEN & TOUBRO LTD 9.22% SADBHAV ENGINEERING LTD 2.11% VOLTAS LTD 0.83% Consumer Non Durables 4.32% ASIAN PAINTS LTD 4.32% Ferrous Metals 2.75% TATA STEEL LTD 2.75% Finance 12.96% HOUSING DEVELOPMENT FINANCE CORPORATION 9.24% INFRASTRUCTURE DEVELOPMENT FINANCE 1.58% POWER FINANCE CORPORATION LTD 1.16% SHRIRAM TRANSPORT FINANCE COMPANY LTD 0.99% Gas 3.74% PETRONET LNG LTD 1.98% GAIL (INDIA) LTD 0.90% INDRAPRASTHA GAS LTD 0.86% Industrial Capital Goods 2.39% CROMPTON GREAVES LTD 2.39% Industrial Products 1.34% BHARAT FORGE LTD 0.83% SKF INDIA LTD 0.51% Minerals/Mining 5.10% GUJARAT MINERAL DEVELOPMENT CORP LTD 2.58% NMDC LTD 2.52% Oil 7.38% OIL & NATURAL GAS CORPORATION LTD 5.96% CAIRN INDIA LTD 1.42% Petroleum Products 7.99% RELIANCE INDUSTRIES LTD 7.99% Power 5.54% NTPC LTD 3.12% TATA POWER COMPANY LTD 2.42% Telecom - Services 3.93% BHARTI AIRTEL LTD 2.78% IDEA CELLULAR LTD 1.16% Transportation 3.07% CONTAINER CORPORATION OF INDIA LTD 1.54% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 1.53% Equity Holdings Total 94.89% CBLO / REPO 5.27% NET RECEIVALBES/(PAYABLES) -0.16% 5.11% ANALYSIS : SECTOR WISE Period Fund BSE 100 Nifty Period Fund BSE 100 Nifty Mar 30, 2012 To Mar 28, 2013 0.55% 6.84% 7.31% Last 1 Year 10,054 10,682 10,729 Mar 31, 2011 To Mar 30, 2012-17.24% -9.23% -9.23% Last 2 Years 8,280 9,078 9,077 Mar 31, 2010 To Mar 31, 2011-1.67% 8.55% 11.14% Last 3 Years 9,833 10,856 11,113 7,701 11,651 11,768-5.08% 3.10% 3.31% 25

DIVIDEND HISTORY DIVIDEND HISTORY OF LIC NOMURA MF LIQUID FUND Frequency Record Date Face Value (Rs.) (Rs.) Gross Dividend (Rs.)/unit Daily February, 2013 6.8312 March, 2013 8.0255 Daily Direct February, 2013 6.8734 March, 2013 8.0722 DIVIDEND HISTORY OF LIC NOMURA MF SAVINGS PLUS FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily February, 2013 0.0574 March, 2013 0.0608 Daily Direct February, 2013 0.0610 March, 2013 0.0647 Weekly February, 2013 0.0571 March, 2013 0.0610 Weekly Direct February, 2013 0.0609 March, 2013 0.0649 Monthly February, 2013 10.0000 0.0559 March, 2013 10.0000 0.0742 Monthly Direct February, 2013 10.0000 0.0598 March, 2013 10.0000 0.0787 DIVIDEND HISTORY OF LIC NOMURA MF FLOATER MIP Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly January 23, 2013 10.0000 10.3313 0.0500 February 20, 2013 10.0000 0.0500 March 26, 2013 10.0000 0.1000 Quarterly October 03, 2012 10.0000 10.5086 0.0200 December 27, 2012 10.0000 10.6988 0.2000 March 28, 2013 10.0000 0.3000 Yearly March 27, 2012 10.0000 10.5661 0.3000 March 28, 2013 10.0000 0.3000 Yearly Direct March 28, 2013 10.0000 0.3000 DIVIDEND HISTORY OF LIC NOMURA MF BOND FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly December 03, 2012 10.0000 10.6873 0.20 March 28, 2013 10.0000 0.50 Qtrly Direct March 28, 2013 10.0000 0.50 DIVIDEND HISTORY OF LIC NOMURA MF G-SEC FUND PF PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly October 3, 2012 10.0000 11.0444 0.25 December 27, 2012 10.0000 11.1882 0.25 March 28, 2013 10.0000 1.00 DIVIDEND HISTORY OF LIC NOMURA MF MONTHLY INCOME PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly March 26, 2013 10.0000 0.1000 Monthly Dir. March 26, 2013 10.0000 0.1000 Quarterly March 28, 2013 10.0000 0.3000 Quarterly Dir. March 28, 2013 10.0000 0.3000 Yearly June 14, 2011 10.0000 10.5401 0.3500 March 28, 2013 10.0000 0.5000 Yearly Direct March 28, 2013 10.0000 0.5000 DIVIDEND HISTORY OF LIC NOMURA MF INCOME PLUS FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily February, 2013 0.0587 March, 2013 0.0621 Daily Direct February, 2013 0.0607 March, 2013 0.0639 Weekly February, 2013 0.0579 March, 2013 0.0621 Weekly Direct February, 2013 0.0463 March, 2013 0.0636 Monthly February, 2013 10.0000 0.0573 March, 2013 0.0755 Monthly Direct February, 2013 10.0000 0.0592 March, 2013 0.0779 DIVIDEND HISTORY OF LIC NOMURA MF FLOATING RATE FUND - STP Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily February, 2013 0.0548 March, 2013 0.0561 Daily Direct February, 2013 0.0563 March, 2013 0.0807 Weekly February, 2013 0.0553 March, 2013 0.0554 Weekly Direct February, 2013 0.0568 March, 2013 0.0570 DIVIDEND HISTORY OF LIC NOMURA MF G-SEC FUND REG. PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly October 03, 2012 10.0000 10.4857 0.15 December 03, 2012 10.0000 10.6224 0.15 March 28, 2013 10.0000 0.50 DIVIDEND HISTORY OF LIC NOMURA MF BALANCED FUND - DIVIDEND PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly March 28, 2013 10.0000 0.2500 Monthly Dir March 28, 2013 10.0000 0.2500 Fund Manager - Mr. Nobutaka Kitajima Top 3 Scheme Name 1-year Return LIC Nomura MF Index Fund-Sensex Plan(G) 10.5720 LIC Nomura MF Index Fund-Sensex Adv Plan(G) 10.2705 LIC Nomura MF Top 100 Fund(G) 9.8649 Bottom 3 Scheme Name 1-year Return LIC Nomura MF Growth Fund(G) 7.2286 LIC Nomura MF Tax Plan(G) 7.0677 LIC Nomura MF Infra Fund(G) 2.8377 Fund Manager s Performance Fund Manager - Mr. Surendra Jalani Top Performance Scheme Name 1-year Return LIC Nomura MF Balanced Fund(G) 10.4915 LIC Nomura MF MIP(G) 8.0459 LIC Nomura MF ULIS 7.8497 Bottom Performance LIC Nomura MF Floater MIP(G) 7.7322 LIC Nomura MF Children(G) 6.3098 Fund Manager - Mr. Y. D. Prasanna Top 3 Scheme Name 1-year Return LIC Nomura MF Annual-Inv-1-Reg(G) 9.8743 LIC Nomura MF Qtly-Inv-2-Reg(G) 9.4294 LIC Nomura MF Qtly-Inv-1-Reg(G) 9.2995 Bottom 3 Scheme Name 1-year Return LIC Nomura MF Income Plus(G) 8.4309 LIC Nomura MF Savings Plus(G) 8.3216 LIC Nomura MF FRF-STP(G) 7.9925 26 MUTUAL INTEREST April, 2013

Big happiness comes in small investments with Systematic Investment Plan 4th Floor, Industrial Assurance Bldg., Opp. Churchgate Station, Mumbai - 400 020. Tel.: 022-22851661 Mutual Fund investments are subject to market risks, read all scheme related documents carefully. GLOSSARY OF TERMS : Sharpe Ratio: Sharpe Ratio is a measure of the excess return (or Risk Premium) per unit of risk in an investment asset. It is the average return minus the risk-free return divided by the standard deviation of return on an investment. Tracking error: Tracking error is a measure of how closely a portfolio follows the index to which it is benchmarked. The most common measure is the root-mean-square of the difference between the portfolio and index returns. Volatility: Volatility is a measure for variation of price of a financial instrument over time. It is a representation of the risk associated with price-fluctuations of a given asset or the risk of a portfolio of assets. Portfolio Beta: Beta of a portfolio is a number describing the relation of its returns with those of the financial market as a whole. It is a measure of systematic risk. R-Squared: It describes the fraction of investment risk in a portfolio that can be associated with market or systematic risk Average maturity: The average maturity of a portfolio equals weighted average of maturities for all instruments in the portfolio. Duration: Duration measures price sensitivity of the portfolio to changes in the yield.