MUTUAL INTEREST January, PDF Free Download

MUTUAL INTEREST January, 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 January, 2013

MARKET REVIEW DEBT MARKET REVIEW Shri V. Chandrasekaran CIO - Debt The year 2012 culminated with the markets looking up to a slew of positive news flows. In the first days of the new year a deal reached in the US on deferring the spending cuts and tax increases i.e. avoiding Fiscal Cliff for now generated a lot of relief driven bullishness. The Indian government's continued communications on containing the fiscal deficit at targeted 5.3% of GDP and better than expected trend in inflation is a big positive. The WPI for the month November'12 came in at 7.24% y- o-y which was a positive surprise. The IIP for October'12 came in at 8.2%. Though the talks of increasing fuel prices (reducing subsidy burden) and the consequent higher inflation are abound, the markets are expected to look at the larger picture of easy monetary policy and increased focus of economic growth. We expect the bond markets to remain bullish in the coming month. Shri Nobutaka Kitajima CIO - Equity EQUITY MARKET REVIEW The month saw muted performance from the benchmark indices but for CY12 Indian markets outperformed most of other global peers. In December, Nifty and Sensex were up 0.4% each after seeing a run up of 5% in November. While Indian macro data points in terms of growth and inflation both saw a notable improvement in December, the RBI continued to keep rates unchanged - a trend that should change in 2013. Winter session of Parliament and the progress on the reforms front was also fruitful but the US Fiscal Cliff still acting as an overhang globally. Among the sectors metal was the biggest outperformer in December with the successful $1.1bn government divestment of NMDC renewing interest in the sector. Autos outperformed, led by Tata Motors, which was buoyed by JLR reporting strong monthly sales numbers. BSE metal index rose 7% followed by BSE auto & realty index up 6%, and Bankex each up over 3%. Capital flows: The FIIs were net buyers during December to the tune of Rs 25087.80 crore. FII have invested to the tune of INR 74314.30 crore in equity market while selling stocks worth Rs 49226.30 crore. (Source: SEBI) Outlook: Index Price as on 31/12/2012 1Month Absolute Return January will see third quarter results by India Inc. The market is expecting early signs of economic revival reflected in the numbers. Result season starts from IT giant Infosys, which will declare results on January 11. Industrial production (IIP) data, due in the first week of January, will also impact market sentiment. With the economic growth data points remaining subdued, the market is expecting a rate cut in January-March quarter. Another key event would be the next Union Budget, wherein tackling the rising fiscal deficit while addressing political demands of populism need to be balanced. There is also an expectation that diesel prices will be raised. The market will watch carefully on the government's seriousness in reducing subsidies in order to tackle the fiscal deficit. Absolute 3Months Absolute Return 6Months Absolute Return CNX Nifty Junior 12340.05 4.66 11.75 22.18 S&P CNX Nifty 5905.10 0.43 3.54 11.86 BSE SENSEX 19426.71 0.45 3.54 11.46 BSE SMALLCAP 7379.94 1.43 5.16 12.78 BSE MIDCAP 7112.89 3.06 7.65 15.59 BSE-100 5975.74 1.13 4.81 13.19 BSE-200 2424.38 1.45 5.06 13.39 BSE-500 7581.57 1.46 5.20 13.45 Index Price as on 31/12/2012 1 Month Absolute Return 3 Months Absolute Returns 6 Months Absolute Returns BSE AUTO 11426.21 5.66 9.73 20.81 BSE BANKEX 14344.99 2.82 9.18 20.46 BSE Capital Goods 10868.11-1.91-0.82 8.41 BSE Consumer Durables 7719.10-3.89 11.23 24.32 BSE FMCG 5916.22-2.02 7.42 18.51 BSE Health Care 8132.35 2.34 8.02 18.14 BSE IT 5684.08-3.47-4.03-1.41 BSE METAL 11070.63 6.91 5.15 2.64 BSE OIL & GAS 8518.58 3.23-1.65 5.48 BSE Power 1990.91 0.53-2.83 0.17 BSE PSU 7334.71 2.19-1.09 1.05 BSE Realty 2110.80 5.63 14.28 26.56 BSE SENSEX 19426.71 0.45 3.54 11.46 3

LIC NOMURA MF LIQUID FUND Scheme Type: Debt - Liquid Launch Date: March 11, 2002 AUM as on 31/12/2012: INR 3740.45 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 25000/- Name: Shri Y D Prasanna as on December 31, 2012 Growth Option 20.8486 Dividend Option 10.9800 EXPENSE RATIO : 0.26% METRICS Average Maturity 24 days Duration 0.06 yrs 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 KOTAK MAHINDRA BANK LTD CRISIL A1+ 4.67% BANK OF MAHARASHTRA CRISIL A1+ 3.99% AXIS BANK LTD CRISIL A1+ 3.33% ORIENTAL BANK OF COMMERCE CRISIL A1+ 3.33% SOUTH INDIAN BANK LTD CARE A1+ 3.33% STATE BANK OF PATIALA ICRA A1+ 3.32% ALLAHABAD BANK ICRA A1+ 2.74% UCO BANK CARE A1+ 2.67% CANARA BANK CRISIL A1+ 2.67% ICICI BANK LTD ICRA A1+ 2.64% BANK OF MAHARASHTRA CARE A1+ 2.01% INDIAN BANK FITCH A1+ 1.99% YES BANK LTD CRISIL A1+ 1.74% CORPORATION BANK CRISIL A1+ 1.60% CENTRAL BANK OF INDIA ICRA A1+ 1.45% YES BANK LTD ICRA A1+ 1.33% IDBI BANK LTD CRISIL A1+ 1.33% SYNDICATE BANK CARE A1+ 1.33% INDIAN OVERSEAS BANK ICRA A1+ 1.33% THE FEDERAL BANK LTD CRISIL A1+ 1.33% STATE BANK OF BIKANER AND JAIPUR CRISIL A1+ 0.67% ING VYSYA BANK LTD CRISIL A1+ 0.67% ANDHRA BANK CARE A1+ 0.67% VIJAYA BANK CARE A1+ 0.67% PUNJAB & SIND BANK ICRA A1+ 0.67% ALLAHABAD BANK CRISIL A1+ 0.66% STATE BANK OF PATIALA CRISIL A1+ 0.58% Certificate of Deposit Total 52.72% Commercial Paper INDIAN OIL CORPORATION LTD ICRA A1+ 7.03% SUNDARAM FINANCE LTD CRISIL A1+ 3.96% INDIAN OIL CORPORATION LTD CRISIL A1+ 2.67% L AND T FINCORP LIMITED CARE A1+ 2.66% RELIANCE CAPITAL LTD CRISIL A1+ 2.66% HOUSING DEVELOPMENT FINANCE CORPORATION LTD ICRA A1+ 2.66% TATA MOTORS FINANCE LTD CRISIL A1+ 2.64% L & T INFRASTRUCTURE FINANCE CO LTD CARE A1+ 2.64% NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CARE A1+ 1.99% L&T FINANCE LTD CARE A1+ 1.99% CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD ICRA A1+ 1.34% ADITYA BIRLA FINANCE LTD ICRA A1+ 1.33% ADITYA BIRLA NUVO LTD ICRA A1+ 1.33% ASHOK LEYLAND LTD ICRA A1+ 1.33% MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD CRISIL A1+ 1.33% TATA CAPITAL FINANCIAL SERVICES LTD ICRA A1+ 1.33% DEWAN HOUSING FINANCE CORPORATION LTD CRISIL A1+ 1.33% SHRIRAM CITY UNION FINANCE LTD CRISIL A1+ 1.32% BLUE STAR LTD CARE A1+ 1.06% KOTAK MAHINDRA PRIME LTD CRISIL A1+ 0.79% GRUH FINANCE LTD CRISIL A1+ 0.66% GODREJ INDUSTRIES LTD ICRA A1+ 0.66% IDFC PRIMARY DEALERSHIP LTD ICRA A1+ 0.66% Commercial Paper Total 45.37% MONEY MARKET INSTRUMENTS Total 98.09% CBLO / REPO 6.54% NET RECEIVALBES/(PAYABLES) -4.64% 1.91% MATURITY PROFILE FOR THE RATING PROFILE FOR THE As on 31December 2012 Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,930 10,852 10, 811 Last 2 Years 11,848 11,739 11,505 Last 3 Years 12,485 12,340 11,829 20,849 19,077 17,691 7.03 6.18 5.42% DISCRETE 12 MONTHS RETURNS ANNUALISED PERFORMANCE As on 31December 2012 Period Fund C Fund~LX 1 year T-bill Jan 01, 2012 To Dec 31, 2012 9.27 8.50 8.01 Jan 01, 2011 To Dec 31, 2011 8.38 8.15 6.40 Jan 01, 2010 To Dec 31, 2010 5.36 5.11 2.80 As on 31December 2012 Period Fund C Fund~LX 1 yr T-bill Last 7 Days 8.19 7.68 9.80 Last 15 Days 8.22 7.67 5.40 Last 30 Days 8.25 7.65 8.36 * For Dividend History refer to page no. 26 4 MUTUAL INTEREST January, 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 31/12/2012: INR 260.64 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Name: Shri Y D Prasanna as on December 31, 2012 Growth Option 17.8815 Dividend Option - Daily 10.0500 Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit YES BANK LTD CRISIL A1+ 11.50% BANK OF MAHARASHTRA CARE A1+ 9.59% VIJAYA BANK CARE A1+ 9.55% CENTRAL BANK OF INDIA CRISIL A1+ 9.53% PUNJAB & SIND BANK ICRA A1+ 9.53% THE JAMMU & KASHMIR BANK LTD CRISIL A1+ 9.52% STATE BANK OF PATIALA CRISIL A1+ 7.67% CORPORATION BANK CRISIL A1+ 5.73% STATE BANK OF PATIALA ICRA A1+ 5.20% Certificate of Deposit Total 77.83% Commercial Paper INDIAN OIL CORPORATION LTD ICRA A1+ 9.58% TATA CAPITAL FINANCIAL SERVICES LTD ICRA A1+ 9.55% Commercial Paper Total 19.12% MONEY MARKET INSTRUMENTS Total 96.95% CBLO / REPO 4.16% NET RECEIVALBES/(PAYABLES) -1.11% 3.05% Dividend Option - Weekly 10.0604 Dividend Option - Monthly 10.0584 MATURITY PROFILE FOR THE RATING PROFILE FOR THE EXPENSE RATIO : 0.75% METRICS Average Maturity Duration 17 days 0.04 yrs Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,866 10,852 10, 811 Last 2 Years 11,716 11,739 11,505 Last 3 Years 12,367 12,340 11,829 17,882 17,967 16,370 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Jan 01, 2012 To Dec 31, 2012 8.66 8.50 8.01 Jan 01, 2011 To Dec 31, 2011 7.82 8.15 6.40 Jan 01, 2010 To Dec 31, 2010 5.55 5.11 2.80 6.25 6.18 5.27% * 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 31/12/2012: INR 40.04 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Industry/Rating % to Nav Mutual Fund Units LICMF LIQUID FUND-GROWTH 25.19% Mutual Fund Units Total 25.19% CBLO / REPO 74.56% NET RECEIVALBES/(PAYABLES) 0.25% 74.81% Name: Shri Y D Prasanna as on December 31, 2012 Growth Option 18.3600 Dividend Option - Daily 10.0500 Dividend Option - Weekly 10.1499 MATURITY PROFILE FOR THE RATING PROFILE FOR THE EXPENSE RATIO : 0.62% METRICS Mutual Fund Units Cash & Other Receivables Average Maturity Duration 1 days 0.00 yrs Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,836 10,852 10, 811 Last 2 Years 11,669 11,739 11,505 Last 3 Years 12,292 12,340 11,829 18,360 17,241 15,758 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Jan 01, 2012 To Dec 31, 2012 8.36 8.50 8.01 Jan 01, 2011 To Dec 31, 2011 7.69 8.15 6.40 Jan 01, 2010 To Dec 31, 2010 5.32 5.11 2.80 7.18 6.18 5.30% * For Dividend History refer to page no. 26 6 MUTUAL INTEREST January, 2013

LIC NOMURA MF INCOME PLUS FUND Scheme Type: Debt 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. Launch Date: May 28, 2007 AUM as on 31/12/2012: INR 183.42 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 500000/- Name: Shri Y D Prasanna as on December 31, 2012 Growth Option 15.1623 Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit STATE BANK OF PATIALA CRISIL A1+ 15.13% CORPORATION BANK CRISIL A1+ 13.58% PUNJAB & SIND BANK ICRA A1+ 13.55% ALLAHABAD BANK ICRA A1+ 10.86% SYNDICATE BANK CARE A1+ 8.12% YES BANK LTD ICRA A1+ 8.11% SOUTH INDIAN BANK LTD CARE A1+ 5.39% YES BANK LTD CRISIL A1+ 2.72% CANARA BANK CRISIL A1+ 2.67% Certificate of Deposit Total 80.13% Commercial Paper RURAL ELECTRIFICATION CORPORATION LTD CRISIL A1+ 0.81% Commercial Paper Total 0.81% MONEY MARKET INSTRUMENTS Total 80.95% CBLO / REPO 19.39% NET RECEIVALBES/(PAYABLES) -0.34% 19.05% Dividend Option - Daily 10.0500 Dividend Option - Weekly 10.0607 Dividend Option - Monthly 10.0585 MATURITY PROFILE FOR THE RATING PROFILE FOR THE EXPENSE RATIO : 0.59% METRICS Average Maturity Duration 26 days 0.06 yrs CARE A1+, CRISIL A1+, ICRA A1+ Cash & Other Receivables Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,873 10,852 10811 Last 2 Years 11,770 11,739 11505 Last 3 Years 12,414 12,340 11829 15,162 19,077 13683 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Jan 01, 2012 To Dec 31, 2012 8.73 8.50 8.01 Jan 01, 2011 To Dec 31, 2011 8.25 8.15 6.40 Jan 01, 2010 To Dec 31, 2010 5.45 5.11 2.80 7.22 6.18 5.76% * 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 31/12/2012: INR 144.81 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 December 31, 2012 EXPENSE RATIO : 1.54% METRICS Growth Option 32.1928 Dividend Option 10.5150 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 10.53% RURAL ELECTRIFICATION CORPORATION LTD CRISIL AAA 7.83% INDIAN RAILWAY FINANCE CORP LTD CRISIL AAA 7.17% INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LTD ICRA AAA 6.97% HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL AAA 6.84% INDIAN OIL CORPORATION LTD CRISIL AAA 3.96% POWER FINANCE CORPORATION LTD CRISIL AAA 3.49% PUNJ LLOYD LTD CARE A+ 1.43% SHRIRAM TRANSPORT FINANCE COMPANY LTD FITCH AA 0.04% Non-convertible Debentures Total 48.26% Floating Rate Note MAGMA FINCORP LTD CARE AA+ 6.94% Floating Rate Note Total 6.94% CORPORATE DEBT Total 55.20% MONEY MARKET INSTRUMENTS Certificate of Deposit CENTRAL BANK OF INDIA ICRA A1+ 0.67% Certificate of Deposit Total 0.67% MONEY MARKET INSTRUMENTS Total 0.67% GOVERNMENT BOND Government Bond 8.15% GOI (MD 11/06/2022) SOV 24.32% 9.15% GOI (MD 14/11/2024) SOV 3.68% Government Bond Total 28.01% GOVERNMENT BOND Total 28.01% CBLO / REPO 13.59% NET RECEIVALBES/(PAYABLES) 2.54% 16.13% Average Maturity 1,441 days Duration 2.16 years MATURITY PROFILE FOR THE RATING PROFILE FOR THE 83.87% CARE A+, CARE AA+, CRISIL FITCH AA, ICRA A1+, ICRA AAA, SOV Cash & Other Receivables DISCRETE 12 MONTHS RETURNS Period Fund C CompBex 10 year GOI Period Fund C CompBex 10 Year GOI Jan 01, 2012 To Dec 31, 2012 8.92 9.34 9.38 Last 1 Year 10,892 10,936 11067 Jan 01, 2011 To Dec 31, 2011 9.22 6.90 1.89 Last 2 Years 11,896 11,693 11279 Jan 01, 2010 To Dec 31, 2010 5.68 4.88 2.99 Last 3 Years 12,586 12,273 11629 30,777 19,226 NA 8.82 6.26 N.A. * For Dividend History refer to page no. 26 8 MUTUAL INTEREST January, 2013

LIC NOMURA MF G-SEC FUND Scheme Type: Debt - Gilt Launch Date: November 15, 1999 AUM as on 31/12/2012: INR 52.12 Cr Benchmark: I-Sec Composite Gilt Index Minimum Investment: Rs. 10000/- Name: Shri Y D Prasanna as on December 31, 2012 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 26.72% INDIAN OIL CORPORATION LTD CRISIL AAA 7.85% Non-convertible Debentures Total 34.58% CORPORATE DEBT Total 34.58% GOVERNMENT BOND Government Bond 9.15% GOI (MD 14/11/2024) SOV 10.24% 8.15% GOI (MD 11/06/2022) SOV 9.66% 8.08% GOI (MD 02/08/2022) SOV 9.56% 7.8% GOI (MD 11/04/2021) SOV 9.39% Government Bond Total 38.84% GOVERNMENT BOND Total 38.84% CBLO / REPO 25.31% NET RECEIVALBES/(PAYABLES) 1.27% 26.58% Growth Option - Regular 26.0912 Growth Option - PF 15.0395 Dividend Option - Regular 10.5394 Dividend Option - PF 11.0083 MATURITY PROFILE FOR THE RATING PROFILE FOR THE EXPENSE RATIO : 1.18% METRICS CRISIL AAA, SOV Cash & Other Receivables Average Maturity Duration 1,519 days 2.27 years DISCRETE 12 MONTHS RETURNS I Sec Period Fund Composite Gilt 10 year GOI Period Fund I Sec Composite Gilt 1O Year GOI Jan 01, 2012 To Dec 31, 2012 8.81 11.06 9.38 Last 1 Year 10,881 11,109 11067 Jan 01, 2011 To Dec 31, 2011 7.17 6.52 1.89 Last 2 Years 11,661 11,836 11279 Jan 01, 2010 To Dec 31, 2010 2.33 5.96 2.99 Last 3 Years 11,958 12,550 11629 26,091 N.A. N.A. 7.60 N.A. N.A. 9

LIC NOMURA MF UNIT LINKED INSURANCE SCHEME Scheme Type: Insurance Linked Tax Saving Launch Date: June 19,1989 AUM as on 31/12/2012: INR 141.43 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 December 31, 2012 Dividend Reinvestment 10.4841 EXPENSE RATIO : 1.96% ANNUAL TURNOVER RATIO : 1.13 times METRICS Quantitative Indicators - Debt Component Average Maturity 46 days Duration 0.12 years Standard Deviation 1.12% Sharpe Ratio 0.03 Portfolio Beta 1.01 R squared 0.10 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 7.59% TATA MOTORS LTD 3.36% MAHINDRA & MAHINDRA LTD 2.98% MARUTI SUZUKI INDIA LTD 0.77% BAJAJ AUTO LTD 0.46% HERO MOTOCORP LTD 0.01% Banks 12.82% HDFC BANK LTD 5.63% ICICI BANK LTD 3.43% STATE BANK OF INDIA 1.71% BANK OF BARODA 0.61% PUNJAB NATIONAL BANK 0.50% AXIS BANK LTD 0.49% KOTAK MAHINDRA BANK LTD 0.44% Cement 1.74% ULTRATECH CEMENT LTD 0.81% AMBUJA CEMENTS LTD 0.50% GRASIM INDUSTRIES LTD 0.31% ACC LTD 0.12% Chemicals 0.87% TATA CHEMICALS LTD 0.87% Construction Project 3.98% LARSEN & TOUBRO LTD 3.98% Consumer Non Durables 9.28% ITC LTD 5.23% HINDUSTAN UNILEVER LTD 1.90% TATA GLOBAL BEVERAGES LTD 1.26% ASIAN PAINTS LTD 0.89% Ferrous Metals 1.79% TATA STEEL LTD 1.22% JINDAL STEEL & POWER LTD 0.56% Finance 5.41% HOUSING DEVELOPMENT FINANCE CORPORATION 4.79% INFRASTRUCTURE DEVELOPMENT FINANCE 0.62% Gas 1.18% GAIL (INDIA) LTD 1.18% Hotels 0.21% THE INDIAN HOTELS COMPANY LTD 0.21% Industrial Capital Goods 0.60% BHARAT HEAVY ELECTRICALS LTD 0.57% SIEMENS LTD 0.02% Minerals/Mining 1.13% COAL INDIA LTD 1.13% Non - Ferrous Metals 0.98% STERLITE INDUSTRIES ( INDIA ) LTD 0.50% HINDALCO INDUSTRIES LTD 0.48% Oil 2.08% OIL & NATURAL GAS CORPORATION LTD 2.08% CAIRN INDIA LTD 0.00% Petroleum Products 5.51% RELIANCE INDUSTRIES LTD 5.11% HINDUSTAN PETROLEUM CORPORATION LTD 0.41% Pharmaceuticals 3.32% CIPLA LTD 1.62% LUPIN LTD 1.30% SUN PHARMACEUTICALS INDUSTRIES LTD 0.39% RANBAXY LABORATORIES LTD 0.00% Power 1.24% POWER GRID CORPORATION OF INDIA LTD 0.49% TATA POWER COMPANY LTD 0.49% PTC INDIA LTD 0.26% Software 7.60% INFOSYS LTD 3.64% TATA CONSULTANCY SERVICES LTD 2.04% HCL TECHNOLOGIES LTD 1.31% WIPRO LTD 0.47% TECH MAHINDRA LTD 0.13% Telecom - Services 0.02% BHARTI AIRTEL LTD 0.02% Equity Holdings Total 67.33% Rating CORPORATE BOND SECURITY Corporate Bond RURAL ELECTRIFICATION CORPORATION LTD CRISIL AAA 3.53% DR. REDDY'S LABORATORIES LTD ICRA AA+ 0.01% Corporate Bond Total 3.54% Floating Rate Note MAGMA FINCORP LTD CARE AA+ 12.91% Floating Rate Note Total 12.91% CORPORATE BOND SECURITY Total 16.46% MUTUAL FUND Mutual Fund Units LICMF LIQUID FUND-GROWTH 3.81% Mutual Fund Units Total 3.81% MUTUAL FUND Total 3.81% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A1+ 6.66% Certificate of Deposit Total 6.66% Commercial Paper RURAL ELECTRIFICATION CORPORATION LTD CRISIL A1+ 6.32% Commercial Paper Total 6.32% MONEY MARKET INSTRUMENTS Total 12.98% CBLO / REPO 0.59% NET RECEIVALBES/(PAYABLES) -1.16% -0.57% MATURITY PROFILE FOR THE Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNXNifty Jan 01, 2012 To Dec 31, 2012 18.21 21.26 27.70 Last 1 Year 11,821 12,127 12,770 Jan 01, 2011 To Dec 31, 2011-14.89-14.39-24.62 Last 2 Years 10,061 10,382 9,626 Jan 01, 2010 To Dec 31, 2010 8.36 13.55 17.95 Last 3 Years 10,901 11,792 11,354 81,077 N.A. N.A. 9.29 N.A. N.A. 10 MUTUAL INTEREST January, 2013

LIC NOMURA MF BALANCED FUND Scheme Type: Balanced Launch Date: January 1, 1991 AUM as on 31/12/2012: INR 19.45 Cr Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.1000/- Name: Mr. Surendra Jalani as on December 31, 2012 EXPENSE RATIO : 2.14% ANNUAL TURNOVER RATIO : 0.64 times METRICS Growth Option 59.5520 Dividend Option 11.5263 Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 1.18% Sharpe Ratio 0.03 Portfolio Beta 0.96 R squared 0.09 ANALYSIS : SECTOR WISE 36 days 0.09 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 4.64% TATA MOTORS LTD 2.09% MAHINDRA & MAHINDRA LTD 1.68% BAJAJ AUTO LTD 0.88% Banks 12.99% HDFC BANK LTD 5.94% ICICI BANK LTD 3.04% YES BANK LTD 2.18% KOTAK MAHINDRA BANK LTD 1.27% AXIS BANK LTD 0.56% Cement 3.47% AMBUJA CEMENTS LTD 2.06% ULTRATECH CEMENT LTD 0.77% GRASIM INDUSTRIES LTD 0.49% ACC LTD 0.15% Construction Project 4.11% LARSEN & TOUBRO LTD 4.11% Consumer Non Durables 8.48% ITC LTD 4.28% HINDUSTAN UNILEVER LTD 4.04% ASIAN PAINTS LTD 0.17% Ferrous Metals 1.10% TATA STEEL LTD 1.10% Finance 6.35% HOUSING DEVELOPMENT FINANCE CORPORATION 3.62% INFRASTRUCTURE DEVELOPMENT FINANCE 2.73% Gas 2.00% GAIL (INDIA) LTD 2.00% Non - Ferrous Metals 1.67% HINDALCO INDUSTRIES LTD 1.67% Oil 1.37% OIL & NATURAL GAS CORPORATION LTD 1.37% Petroleum Products 3.26% RELIANCE INDUSTRIES LTD 3.26% Pharmaceuticals 7.13% LUPIN LTD 2.21% SUN PHARMACEUTICALS INDUSTRIES LTD 1.33% RANBAXY LABORATORIES LTD 1.29% CIPLA LTD 1.17% DR. REDDY'S LABORATORIES LTD 1.13% Power 2.15% POWER GRID CORPORATION OF INDIA LTD 1.18% PTC INDIA LTD 0.97% Services 0.76% ADITYA BIRLA NUVO LTD 0.76% Software 8.69% INFOSYS LTD 3.70% HCL TECHNOLOGIES LTD 2.86% TATA CONSULTANCY SERVICES LTD 1.94% WIPRO LTD 0.10% TECH MAHINDRA LTD 0.10% Equity Holdings Total 68.18% Rating CORPORATE BOND SECURITY Floating Rate Note MAGMA FINCORP LTD CARE AA+ 18.16% Floating Rate Note Total 18.16% CORPORATE BOND SECURITY Total 18.16% MUTUAL FUND Mutual Fund Units LICMF LIQUID FUND-GROWTH 11.45% Mutual Fund Units Total 11.45% MUTUAL FUND Total 11.45% CBLO / REPO 2.56% NET RECEIVALBES/(PAYABLES) -0.34% 2.22% MATURITY PROFILE FOR THE Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNX Nifty Jan 01, 2012 To Dec 31, 2012 24.30 21.26 27.70 Last 1 Year 12,430 12,127 12,770 Jan 01, 2011 To Dec 31, 2011-19.83-14.39-24.62 Last 2 Years 9,966 10,382 9,626 Jan 01, 2010 To Dec 31, 2010 9.66 13.55 17.95 Last 3 Years 10,928 11,792 11,354 59,552 N.A. N.A. 8.44 N.A. N.A. 11

LIC NOMURA MF MONTHLY INCOME PLAN Scheme Type: Hybrid Launch Date: June 1, 2003 AUM as on 31/12/2012: INR 50.76 Cr Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on December 31, 2012 EXPENSE RATIO : 1.71% ANNUAL TURNOVER RATIO : 1.65 times METRICS Growth Option 35.2424 Dividend Option - Monthly 10.3728 Dividend Option - Quarterly 10.4987 Dividend Option - Yearly 10.9991 Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 2.01% Sharpe Ratio 0.02 Portfolio Beta 0.38 R squared 0.02 ANALYSIS : SECTOR WISE 161 days 0.41 years 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 1.91% MAHINDRA & MAHINDRA LTD 1.47% BAJAJ AUTO LTD 0.25% TATA MOTORS LTD 0.18% Banks 2.02% ICICI BANK LTD 1.17% UNION BANK OF INDIA 0.54% KOTAK MAHINDRA BANK LTD 0.17% HDFC BANK LTD 0.15% Cement 0.39% ULTRATECH CEMENT LTD 0.39% Consumer Non Durables 0.59% ITC LTD 0.51% HINDUSTAN UNILEVER LTD 0.08% Ferrous Metals 0.84% TATA STEEL LTD 0.84% Finance 0.78% HOUSING DEVELOPMENT FINANCE CORPORATION 0.78% Gas 0.49% GAIL (INDIA) LTD 0.49% Petroleum Products 2.64% HINDUSTAN PETROLEUM CORPORATION LTD 1.43% RELIANCE INDUSTRIES LTD 1.21% Pharmaceuticals 1.67% RANBAXY LABORATORIES LTD 0.85% CIPLA LTD 0.61% LUPIN LTD 0.21% Power 0.16% POWER GRID CORPORATION OF INDIA LTD 0.16% Software 2.06% TATA CONSULTANCY SERVICES LTD 1.19% INFOSYS LTD 0.87% Equity Holdings Total 13.55% Rating CORPORATE BOND SECURITY Corporate Bond PUNJ LLOYD LTD CARE A+ 3.94% Corporate Bond Total 3.94% Floating Rate Note MAGMA FINCORP LTD CARE AA+ 25.45% Floating Rate Note Total 25.45% CORPORATE BOND SECURITY Total 29.39% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A1+ 27.84% VIJAYA BANK CARE A1+ 9.66% BANK OF MAHARASHTRA CRISIL A1+ 9.26% Certificate of Deposit Total 46.76% Commercial Paper RURAL ELECTRIFICATION CRISIL A1+ 8.80% CORPORATION LTD Commercial Paper Total 8.80% MONEY MARKET INSTRUMENTS Total 55.57% CBLO / REPO 0.64% NET RECEIVALBES/(PAYABLES) 0.86% 1.49% MATURITY PROFILE FOR THE Period Fund C MIPex 10 Yrs GOI Period Fund C MIPex 10 Years GOI Jan 01, 2012 To Dec 31, 2012 10.16 12.08 9.38 Last 1 Year 11,016 11,210 11,067 Jan 01, 2011 To Dec 31, 2011-2.44 1.72 1.89 Last 2 Years 10,748 11,405 11,279 Jan 01, 2010 To Dec 31, 2010 5.14 6.93 2.99 Last 3 Years 11,300 12,203 11,620 35,242 23,408 16,138 8.91 8.22 4.96% * For Dividend History refer to page no. 26 12 MUTUAL INTEREST January, 2013

LIC NOMURA MF CHILDREN'S FUND Scheme Type: Balanced Launch Date: September 26, 2001 AUM as on 31/12/2012: INR 4.93 Cr Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on December 31, 2012 EXPENSE RATIO : 2.19% ANNUAL TURNOVER RATIO : 0.26 times METRICS Growth Option 10.3077 Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 1.18% Sharpe Ratio 0.00 Portfolio Beta 1.13 R squared 0.11 80 days 0.14 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 10.95% MAHINDRA & MAHINDRA LTD 7.57% TATA MOTORS LTD 3.17% BAJAJ AUTO LTD 0.22% Banks 11.13% HDFC BANK LTD 6.90% AXIS BANK LTD 2.76% ICICI BANK LTD 1.04% ANDHRA BANK 0.24% KOTAK MAHINDRA BANK LTD 0.20% Cement 2.03% AMBUJA CEMENTS LTD 1.63% ULTRATECH CEMENT LTD 0.40% Construction Project 0.67% LARSEN & TOUBRO LTD 0.67% Consumer Non Durables 3.76% HINDUSTAN UNILEVER LTD 2.13% ITC LTD 1.63% Ferrous Metals 1.78% JINDAL STEEL & POWER LTD 0.91% TATA STEEL LTD 0.87% Finance 2.14% HOUSING DEVELOPMENT FINANCE CORPORATION 1.93% INFRASTRUCTURE DEVELOPMENT FINANCE 0.21% Hotels 2.56% THE INDIAN HOTELS COMPANY LTD 2.56% Industrial Capital Goods 0.17% SIEMENS LTD 0.17% Non - Ferrous Metals 2.65% HINDALCO INDUSTRIES LTD 2.65% Petroleum Products 4.28% RELIANCE INDUSTRIES LTD 4.28% Pharmaceuticals 1.71% CIPLA LTD 1.09% LUPIN LTD 0.62% Power 0.19% POWER GRID CORPORATION OF INDIA LTD 0.19% Software 5.45% TATA CONSULTANCY SERVICES LTD 3.25% INFOSYS LTD 2.00% WIPRO LTD 0.20% Equity Holdings Total 49.48% Rating CORPORATE BOND SECURITY Corporate Bond PUNJ LLOYD LTD CARE A+ 18.88% SHRIRAM TRANSPORT FINANCE COMPANY LTD FITCH AA 11.08% Corporate Bond Total 29.96% CORPORATE BOND SECURITY Total 29.96% MUTUAL FUND Mutual Fund Units LICMF LIQUID FUND-GROWTH 16.67% MUTUAL FUND UNITS TOTAL 16.67% MUTUAL FUND Total 16.67% CBLO / REPO 3.31% NET RECEIVALBES/(PAYABLES) 0.59% 3.89% ANALYSIS : SECTOR WISE MATURITY PROFILE FOR THE Period Fund C BalanceEx S&P CNX Nifty Period Fund C BalanceEx S&P CNX Nifty Jan 01, 2012 To Dec 31, 2012 19.79 21.26 27.70 Last 1 Year 11,979 12,127 12,770 Jan 01, 2011 To Dec 31, 2011-22.11-14.39-24.62 Last 2 Years 9,331 10,382 9,626 Jan 01, 2010 To Dec 31, 2010 3.98 13.55 17.95 Last 3 Years 9,702 11,792 11,354 10,308 38,315 60,799 0.27 13.29 14.52 * 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 31/12/2012: INR 63.72 Cr Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on December 31, 2012 EXPENSE RATIO : 1.37% ANNUAL TURNOVER RATIO : 1.84 times METRICS Growth Option 20.2265 Dividend Option - Monthly 10.3568 Dividend Option - Quarterly 10.5139 Dividend Option - Yearly 11.0117 Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 0.34% Sharpe Ratio 0.06 Portfolio Beta 0.55 R squared 0.15 185 days 0.46 years 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 1.17% MAHINDRA & MAHINDRA LTD 1.17% Banks 1.23% HDFC BANK LTD 1.06% ICICI BANK LTD 0.16% Construction Project 1.77% LARSEN & TOUBRO LTD 1.77% Consumer Non Durables 0.15% ITC LTD 0.08% HINDUSTAN UNILEVER LTD 0.07% Ferrous Metals 0.87% TATA STEEL LTD 0.87% Finance 1.54% INFRASTRUCTURE DEVELOPMENT FINANCE 1.34% HOUSING DEVELOPMENT FINANCE CORPORATION 0.20% Hotels 0.49% THE INDIAN HOTELS COMPANY LTD 0.49% Non - Ferrous Metals 0.92% HINDALCO INDUSTRIES LTD 0.92% Petroleum Products 0.33% RELIANCE INDUSTRIES LTD 0.33% Pharmaceuticals 1.65% CIPLA LTD 0.78% BIOCON LTD 0.48% RANBAXY LABORATORIES LTD 0.39% Software 0.30% TATA CONSULTANCY SERVICES LTD 0.16% INFOSYS LTD 0.15% Equity Holdings Total 10.42% Rating CORPORATE BOND SECURITY Floating Rate Note Magma Fincorp Ltd CARE AA+ 24.70% Floating Rate Note Total 24.70% CORPORATE BOND SECURITY Total 24.70% MUTUAL FUND Mutual Fund Units LICMF Liquid Fund-Growth 3.46% Mutual Fund Units Total 3.46% MUTUAL FUND Total 3.46% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A1+ 29.56% BANK OF MAHARASHTRA CRISIL A1+ 22.13% YES BANK LTD ICRA A1+ 7.83% Certificate of Deposit Total 59.53% MONEY MARKET INSTRUMENTS TOTAL 59.53% CBLO / REPO 0.52% NET RECEIVALBES/(PAYABLES) 1.38% 1.90% ANALYSIS : SECTOR WISE MATURITY PROFILE FOR THE Period Fund C MIPex 10 Yrs GOI Period Fund C MIPex 10 Years GOI Jan 01, 2012 To Dec 31, 2012 11.41 12.08 9.38 Last 1 Year 11,141 11,210 11,067 Jan 01, 2011 To Dec 31, 2011-0.44 1.72 1.89 Last 2 Years 11,092 11,405 11,279 Jan 01, 2010 To Dec 31, 2010 8.38 6.93 2.99 Last 3 Years 12,022 12,203 11,629 20,227 23,408 15,389 8.93 8.22 5.34% * For Dividend History refer to page no. 26 14 MUTUAL INTEREST January, 2013

LIC NOMURA MF EQUITY FUND Scheme Type: Equity - Diversified Launch Date: April 16, 1998 AUM as on 31/12/2012: INR 71.27 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima As on December 31, 2012 EXPENSE RATIO : 1.78% ANNUAL TURNOVER RATIO : 0.19 times Growth Option 27.2455 Dividend Option 10.7370 Standard Deviation 1.64 Sharpe Ratio 0.03 Portfolio Beta 0.90 R squared 0.88 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 10.14% TATA MOTORS LTD 5.57% MAHINDRA & MAHINDRA LTD 4.58% Banks 23.32% ICICI BANK LTD 7.51% HDFC BANK LTD 7.12% STATE BANK OF INDIA 4.35% AXIS BANK LTD 2.30% CANARA BANK 1.02% BANK OF INDIA 1.02% Construction Project 5.92% LARSEN & TOUBRO LTD 5.92% Consumer Non Durables 13.01% ITC LTD 7.46% HINDUSTAN UNILEVER LTD 2.95% COLGATE PALMOLIVE (INDIA) LTD 2.59% Ferrous Metals 2.86% TATA STEEL LTD 2.86% Finance 7.31% HOUSING DEVELOPMENT FINANCE CORPORATION 6.31% POWER FINANCE CORPORATION LTD 1.00% Minerals/Mining 2.03% COAL INDIA LTD 2.03% Non - Ferrous Metals 1.41% HINDALCO INDUSTRIES LTD 1.41% Oil 2.15% OIL & NATURAL GAS CORPORATION LTD 2.15% Petroleum Products 7.89% RELIANCE INDUSTRIES LTD 7.89% Pharmaceuticals 1.68% CIPLA LTD 0.87% SUN PHARMACEUTICALS INDUSTRIES LTD 0.81% Power 2.00% POWER GRID CORPORATION OF INDIA LTD 2.00% Software 13.87% INFOSYS LTD 6.70% TATA CONSULTANCY SERVICES LTD 3.75% WIPRO LTD 2.71% HCL TECHNOLOGIES LTD 0.70% Telecom - Services 3.41% BHARTI AIRTEL LTD 3.41% Equity Holdings Total 96.99% CBLO / REPO 4.56% NET RECEIVALBES/(PAYABLES) -1.55% 3.01% ANALYSIS : SECTOR WISE Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, 2012 28.44 25.70 27.70 Last 1 Year 12,844 12,570 12,770 Jan 01, 2011 To Dec 31, 2011-27.05-24.64-24.62 Last 2 Years 9,370 9,472 9,626 Jan 01, 2010 To Dec 31, 2010 15.98 17.43 17.95 Last 3 Years 10,867 11,123 11,354 27,246 74,112 73,659 5.14 14.43 14.52 15

LIC NOMURA MF GROWTH FUND Scheme Type: Equity - Diversified Launch Date: September 1, 1999 AUM as on 31/12/2012: INR 88.81 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima As on December 31, 2012 EXPENSE RATIO : 1.81% ANNUAL TURNOVER RATIO: 0.27 times Growth Option 13.3059 Dividend Option 11.8000 Standard Deviation 1.61 Sharpe Ratio 0.04 Portfolio Beta 0.86 R squared 0.86 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 9.83% TATA MOTORS LTD 5.19% MAHINDRA & MAHINDRA LTD 4.64% Auto Ancillaries 1.08% APOLLO TYRES LTD 1.08% Banks 22.84% ICICI BANK LTD 7.18% HDFC BANK LTD 6.33% STATE BANK OF INDIA 4.90% AXIS BANK LTD 2.35% CANARA BANK 1.05% BANK OF INDIA 1.04% Construction Project 6.82% LARSEN & TOUBRO LTD 6.82% Consumer Non Durables 12.42% ITC LTD 7.63% HINDUSTAN UNILEVER LTD 4.29% ASIAN PAINTS LTD 0.50% Ferrous Metals 2.47% TATA STEEL LTD 2.47% Finance 7.47% HOUSING DEVELOPMENT FINANCE CORPORATION 6.45% POWER FINANCE CORPORATION LTD 1.02% Gas 3.43% PETRONET LNG LTD 2.43% INDRAPRASTHA GAS LTD 1.00% Media & Entertainment 0.31% D.B.CORP LTD 0.31% Minerals/Mining 2.76% COAL INDIA LTD 2.76% Petroleum Products 6.25% RELIANCE INDUSTRIES LTD 6.25% Pharmaceuticals 3.47% LUPIN LTD 1.12% SUN PHARMACEUTICALS INDUSTRIES LTD 1.00% CIPLA LTD 0.79% DR. REDDY'S LABORATORIES LTD 0.56% Power 2.93% POWER GRID CORPORATION OF INDIA LTD 1.86% NTPC LTD 1.07% Software 12.31% INFOSYS LTD 5.68% HCL TECHNOLOGIES LTD 2.66% TATA CONSULTANCY SERVICES LTD 2.19% WIPRO LTD 1.78% Telecom - Services 3.30% BHARTI AIRTEL LTD 3.30% Equity Holdings Total 97.70% CBLO / REPO 2.32% NET RECEIVALBES/(PAYABLES) -0.02% 2.30% ANALYSIS : SECTOR WISE Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, 2012 28.28 25.70 27.70 Last 1 Year 12,828 12,570 12,770 Jan 01, 2011 To Dec 31, 2011-26.89-24.64-24.62 Last 2 Years 9,379 9,472 9,626 Jan 01, 2010 To Dec 31, 2010 17.48 17.43 17.95 Last 3 Years 11,019 11,123 11,354 13,306 47,331 47,128 1.56 14.43 14.52 16 MUTUAL INTEREST January, 2013

LIC NOMURA MF TAX PLAN Scheme Type: Equity Linked Savings Scheme Launch Date: April 17, 2000 AUM as on 31/12/2012: INR 33.09 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 December 31, 2012 Growth Option 29.7614 Dividend Option 10.6557 EXPENSE RATIO : 2.21% ANNUAL TURNOVER RATIO: 0.07 times Standard Deviation 1.95% Sharpe Ratio 0.03 Portfolio Beta 0.86 R squared 0.70 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 9.45% TATA MOTORS LTD 4.06% MAHINDRA & MAHINDRA LTD 3.66% MARUTI SUZUKI INDIA LTD 1.08% BAJAJ AUTO LTD 0.64% Auto Ancillaries 1.46% MRF LTD 1.46% Banks 24.96% ICICI BANK LTD 7.91% HDFC BANK LTD 7.62% STATE BANK OF INDIA 6.02% AXIS BANK LTD 1.73% KOTAK MAHINDRA BANK LTD 1.68% Construction Project 5.20% LARSEN & TOUBRO LTD 4.91% VOLTAS LTD 0.29% Consumer Non Durables 10.93% ITC LTD 9.02% HINDUSTAN UNILEVER LTD 1.90% Ferrous Metals 3.24% TATA STEEL LTD 3.24% Finance 6.99% HOUSING DEVELOPMENT FINANCE CORPORATION 5.32% RURAL ELECTRIFICATION CORPORATION LTD 0.89% INFRASTRUCTURE DEVELOPMENT FINANCE 0.78% Gas 2.16% GAIL (INDIA) LTD 1.55% PETRONET LNG LTD 0.60% Media & Entertainment 0.27% D.B.CORP. LTD 0.27% Minerals/Mining 0.83% COAL INDIA LTD 0.62% NMDC LTD 0.21% Oil 2.47% OIL & NATURAL GAS CORPORATION LTD 2.47% Petroleum Products 7.10% RELIANCE INDUSTRIES LTD 7.10% Pharmaceuticals 4.36% DR. REDDY'S LABORATORIES LTD 1.66% CIPLA LTD 1.09% SUN PHARMACEUTICALS INDUSTRIES LTD 1.00% RANBAXY LABORATORIES LTD 0.61% Power 0.92% POWER GRID CORPORATION OF INDIA LTD 0.92% Software 13.35% INFOSYS LTD 7.01% TATA CONSULTANCY SERVICES LTD 5.05% WIPRO LTD 0.95% HCL TECHNOLOGIES LTD 0.34% Telecom - Services 2.97% BHARTI AIRTEL LTD 2.97% Transportation 0.92% CONTAINER CORPORATION OF INDIA LTD 0.56% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 0.37% Equity Holdings Total 97.58% CBLO / REPO 1.90% NET RECEIVALBES/(PAYABLES) 0.52% 2.42% Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, 2012 26.33 25.70 27.70 Last 1 Year 12,633 12,570 12,770 Jan 01, 2011 To Dec 31, 2011-26.20-24.64-24.62 Last 2 Years 9,322 9,472 9,626 Jan 01, 2010 To Dec 31, 2010 15.73 17.43 17.95 Last 3 Years 10,788 11,123 11,354 29,761 59,518 63,383 6.94 14.43 14.52 17

LIC NOMURA MF INDEX FUND - SENSEX PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 31/12/2012: INR 22.64 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on December 31, 2012 EXPENSE RATIO : 1.47% ANNUAL TURNOVER RATIO : 0.04 times Growth Option 36.5674 Dividend Option 12.5331 Tracking error 0.41% Standard Deviation 1.60% Sharpe Ratio 0.03 Portfolio Beta 0.94 R squared 0.96 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 10.28% TATA MOTORS LTD 3.50% MAHINDRA & MAHINDRA LTD 2.56% BAJAJ AUTO LTD 1.83% MARUTI SUZUKI INDIA LTD 1.27% HERO MOTOCORP LTD 1.12% Banks 19.24% ICICI BANK LTD 7.80% HDFC BANK LTD 7.62% STATE BANK OF INDIA 3.81% Construction Project 5.30% LARSEN & TOUBRO LTD 5.30% Consumer Non Durables 12.75% ITC LTD 9.37% HINDUSTAN UNILEVER LTD 3.38% Ferrous Metals 2.84% TATA STEEL LTD 1.73% JINDAL STEEL & POWER LTD 1.11% Finance 7.55% HOUSING DEVELOPMENT FINANCE CORPORATION 7.55% Gas 1.09% GAIL (INDIA) LTD 1.09% Industrial Capital Goods 1.16% BHARAT HEAVY ELECTRICALS LTD 1.16% Minerals/Mining 1.33% COAL INDIA LTD 1.33% Non - Ferrous Metals 2.08% STERLITE INDUSTRIES (INDIA) LTD 1.05% HINDALCO INDUSTRIES LTD 1.04% Oil 3.40% OIL & NATURAL GAS CORPORATION LTD 3.40% Petroleum Products 8.89% RELIANCE INDUSTRIES LTD 8.89% Pharmaceuticals 4.46% SUN PHARMACEUTICALS INDUSTRIES LTD 1.81% DR. REDDY'S LABORATORIES LTD 1.37% CIPLA LTD 1.28% Power 2.61% NTPC LTD 1.53% TATA POWER COMPANY LTD 1.08% Software 12.62% INFOSYS LTD 6.75% TATA CONSULTANCY SERVICES LTD 4.41% WIPRO LTD 1.46% Telecom - Services 2.50% BHARTI AIRTEL LTD 2.50% Equity Holdings Total 98.11% CBLO / REPO 2.62% NET RECEIVALBES/(PAYABLES) -0.73% 1.89% ANALYSIS : SECTOR WISE Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, 2012 26.26 25.70 27.70 Last 1 Year 12,626 12,570 12,770 Jan 01, 2011 To Dec 31, 2011-24.39-24.64-24.62 Last 2 Years 9,547 9,472 9,626 Jan 01, 2010 To Dec 31, 2010 18.02 17.43 17.95 Last 3 Years 11,267 11,123 11,354 36,567 60,317 56,255 13.70 14.43 14.52 18 MUTUAL INTEREST January, 2013

LIC NOMURA MF INDEX FUND - NIFTY PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 31/12/2012: INR 35.25 Cr Benchmark: S&P CNX Nifty Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on December 31, 2012 EXPENSE RATIO : 1.33% ANNUAL TURNOVER RATIO : 0.22 times Growth Option 32.9113 Dividend Option 12.1402 Tracking error 0.71% Standard Deviation 1.57% Sharpe Ratio 0.03 Portfolio Beta 0.87 R squared 0.90 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 8.63% TATA MOTORS LTD 2.90% MAHINDRA & MAHINDRA LTD 2.24% BAJAJ AUTO LTD 1.50% MARUTI SUZUKI INDIA LTD 1.03% HERO MOTOCORP LTD 0.95% Banks 21.15% ICICI BANK LTD 6.90% HDFC BANK LTD 6.48% STATE BANK OF INDIA 3.23% AXIS BANK LTD 1.88% KOTAK MAHINDRA BANK LTD 1.27% BANK OF BARODA 0.77% PUNJAB NATIONAL BANK 0.62% Cement 3.57% GRASIM INDUSTRIES LTD 1.05% ULTRATECH CEMENT LTD 1.02% AMBUJA CEMENTS LTD 0.80% ACC LTD 0.70% Construction 1.03% JAIPRAKASH ASSOCIATES LTD 0.59% DLF LTD 0.45% Construction Project 4.55% LARSEN & TOUBRO LTD 4.55% Consumer Non Durables 12.07% ITC LTD 8.18% HINDUSTAN UNILEVER LTD 2.83% ASIAN PAINTS LTD 1.05% Ferrous Metals 2.40% TATA STEEL LTD 1.50% JINDAL STEEL & POWER LTD 0.90% Finance 7.78% HOUSING DEVELOPMENT FINANCE CORPORATION 6.68% INFRASTRUCTURE DEVELOPMENT FINANCE 1.09% Gas 0.84% GAIL (INDIA) LTD 0.84% Industrial Capital Goods 1.26% BHARAT HEAVY ELECTRICALS LTD 0.95% SIEMENS LTD 0.31% Minerals/Mining 1.57% COAL INDIA LTD 1.18% SESA GOA LTD 0.40% Non - Ferrous Metals 0.88% HINDALCO INDUSTRIES LTD 0.88% Oil 3.45% OIL & NATURAL GAS CORPORATION LTD 2.49% CAIRN INDIA LTD 0.96% Petroleum Products 7.78% RELIANCE INDUSTRIES LTD 7.29% BHARAT PETROLEUM CORPORATION LTD 0.48% Pharmaceuticals 4.95% SUN PHARMACEUTICALS INDUSTRIES LTD 1.45% DR. REDDY'S LABORATORIES LTD 1.22% CIPLA LTD 1.10% LUPIN LTD 0.76% RANBAXY LABORATORIES LTD 0.41% Power 3.21% NTPC LTD 1.05% TATA POWER COMPANY LTD 0.93% POWER GRID CORPORATION OF INDIA LTD 0.85% RELIANCE INFRASTRUCTURE LTD 0.37% Software 11.14% INFOSYS LTD 5.88% TATA CONSULTANCY SERVICES LTD 3.36% WIPRO LTD 1.07% HCL TECHNOLOGIES LTD 0.83% Telecom - Services 1.99% BHARTI AIRTEL LTD 1.99% Equity Holdings Total 98.26% CBLO / REPO 1.96% NET RECEIVALBES/(PAYABLES) -0.22% 1.74% Period Fund Nifty Sensex Last 1 Year 12,765 12,570 12,770 Last 2 Years 9,721 9,472 9,626 Last 3 Years 11,492 11,123 11,354 32,911 60,317 56,255 Period Fund Nifty Sensex Jan 01, 2012 To Dec 31, 2012 27.65 25.70 27.70 Jan 01, 2011 To Dec 31, 2011-23.85-24.64-24.62 Jan 01, 2010 To Dec 31, 2010 18.23 17.43 17.95 12.52 14.43 14.52 19

LIC NOMURA MF INDEX FUND - SENSEX ADVANTAGE PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 31/12/2012: INR 3.94 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on December 31, 2012 EXPENSE RATIO : 1.47% ANNUAL TURNOVER RATIO : 0.06 times Growth Option 34.2861 Dividend Option 12.1285 Tracking error 0.52% Standard Deviation 1.47% Sharpe Ratio 0.03 Portfolio Beta 0.85 R squared 0.95 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 8.56% TATA MOTORS LTD 2.92% MAHINDRA & MAHINDRA LTD 2.11% BAJAJ AUTO LTD 1.52% MARUTI SUZUKI INDIA LTD 1.06% HERO MOTOCORP LTD 0.94% Banks 21.26% ICICI BANK LTD 6.48% HDFC BANK LTD 6.33% STATE BANK OF INDIA 3.16% KOTAK MAHINDRA BANK LTD 2.37% BANK OF BARODA 1.61% AXIS BANK LTD 1.31% Cement 1.46% AMBUJA CEMENTS LTD 1.46% Construction Project 4.38% LARSEN & TOUBRO LTD 4.38% Consumer Non Durables 11.94% ITC LTD 7.79% HINDUSTAN UNILEVER LTD 2.80% ASIAN PAINTS LTD 1.35% Ferrous Metals 2.37% TATA STEEL LTD 1.44% JINDAL STEEL & POWER LTD 0.93% Finance 8.36% HOUSING DEVELOPMENT FINANCE CORPORATION 6.29% INFRASTRUCTURE DEVELOPMENT FINANCE 2.07% Gas 2.34% PETRONET LNG LTD 1.45% GAIL (INDIA) LTD 0.89% Industrial Capital Goods 0.97% BHARAT HEAVY ELECTRICALS LTD 0.97% Minerals/Mining 1.11% COAL INDIA LTD 1.11% Non - Ferrous Metals 1.74% STERLITE INDUSTRIES ( INDIA ) LTD 0.87% HINDALCO INDUSTRIES LTD 0.87% Oil 2.53% OIL & NATURAL GAS CORPORATION LTD 2.53% Petroleum Products 7.38% RELIANCE INDUSTRIES LTD 7.38% Pharmaceuticals 5.08% LUPIN LTD 1.63% SUN PHARMACEUTICALS INDUSTRIES LTD 1.50% CIPLA LTD 1.07% DR. REDDY'S LABORATORIES LTD 0.88% Power 2.18% NTPC LTD 1.27% TATA POWER COMPANY LTD 0.91% Software 12.69% INFOSYS LTD 5.58% TATA CONSULTANCY SERVICES LTD 3.65% HCL TECHNOLOGIES LTD 2.26% WIPRO LTD 1.20% Telecom - Services 2.08% BHARTI AIRTEL LTD 2.08% Equity Holdings Total 96.41% CBLO / REPO 4.49% NET RECEIVALBES/(PAYABLES) -0.90% 3.59% Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, 2012 26.36 25.70 27.70 Last 1 Year 12,636 12,570 12,770 Jan 01, 2011 To Dec 31, 2011-24.18-24.64-24.62 Last 2 Years 9,581 9,472 9,626 Jan 01, 2010 To Dec 31, 2010 15.98 17.43 17.95 Last 3 Years 11,111 11,123 11,354 34,286 60,317 56,255 12.98 14.43 14.52 20 MUTUAL INTEREST January, 2013

LIC NOMURA MF OPPORTUNITIES FUND Scheme Type: Equity - Diversified Launch Date: January 31, 2005 AUM as on 31/12/2012: INR 30.26 Cr Benchmark: BSE 200 Minimum Investment: Rs. 5000/- Name: Shri Nobutaka Kitajima as on December 31, 2012 EXPENSE RATIO : 2.18% ANNUAL TURNOVER RATIO : 0.06 times Growth Option 18.5896 Dividend Option 10.5795 Standard Deviation 1.62% Sharpe Ratio 0.02 Portfolio Beta 0.84 R squared 0.88 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 12.38% TATA MOTORS LTD 5.27% MAHINDRA & MAHINDRA LTD 4.31% MARUTI SUZUKI INDIA LTD 1.74% BAJAJ AUTO LTD 1.06% Banks 25.45% HDFC BANK LTD 8.13% ICICI BANK LTD 7.90% STATE BANK OF INDIA 3.71% KOTAK MAHINDRA BANK LTD 1.83% AXIS BANK LTD 1.78% BANK OF BARODA 1.34% YES BANK LTD 0.77% Construction Project 5.26% LARSEN & TOUBRO LTD 5.26% Consumer Non Durables 11.98% ITC LTD 8.06% HINDUSTAN UNILEVER LTD 2.08% GODREJ CONSUMER PRODUCTS LTD 0.95% NESTLE INDIA LTD 0.59% ASIAN PAINTS LTD 0.29% Ferrous Metals 2.03% TATA STEEL LTD 2.03% Finance 7.94% HOUSING DEVELOPMENT FINANCE CORPORATION 7.94% Gas 0.62% PETRONET LNG LTD 0.62% Minerals/Mining 2.02% COAL INDIA LTD 2.02% Oil 1.43% OIL & NATURAL GAS CORPORATION LTD 1.43% Petroleum Products 7.21% RELIANCE INDUSTRIES LTD 7.21% Pharmaceuticals 4.67% DR. REDDY'S LABORATORIES LTD 2.72% RANBAXY LABORATORIES LTD 0.83% CIPLA LTD 0.82% SUN PHARMACEUTICALS INDUSTRIES LTD 0.29% Power 2.28% POWER GRID CORPORATION OF INDIA LTD 2.28% Software 12.76% INFOSYS LTD 5.75% TATA CONSULTANCY SERVICES LTD 4.36% HCL TECHNOLOGIES LTD 1.43% WIPRO LTD 1.23% Telecom - Services 2.36% BHARTI AIRTEL LTD 2.36% Equity Holdings Total 98.38% CBLO / REPO 2.33% NET RECEIVALBES/(PAYABLES) -0.71% 1.62% ANALYSIS : SECTOR WISE Period Fund BSE 200 Nifty Period Fund BSE 200 Nifty Jan 01, 2012 To Dec 31, 2012 26.74 30.98 27.70 Last 1 Year 12,674 13,098 12,770 Jan 01, 2011 To Dec 31, 2011-28.55-26.95-24.62 Last 2 Years 9,056 9,568 9,626 Jan 01, 2010 To Dec 31, 2010 16.89 16.22 17.95 Last 3 Years 10,585 11,120 11,354 18,590 27,688 28,901 8.20 14.17 14.52 21

LIC NOMURA MF INDIA VISION FUND Scheme Type: Equity - Diversified Launch Date: November 23, 2006 AUM as on 31/12/2012: INR 42.17 Cr Benchmark: BSE 200 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on December 31, 2012 EXPENSE RATIO : 2.48% ANNUAL TURNOVER RATIO : 0.14 times Growth Option 9.0625 Dividend Option 9.0618 Standard Deviation 1.66% Sharpe Ratio 0.00 Portfolio Beta 0.75 R squared 0.80 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 8.13% MAHINDRA & MAHINDRA LTD 4.14% TATA MOTORS LTD 3.63% BAJAJ AUTO LTD 0.35% Auto Ancillaries 2.27% MRF LTD 1.22% APOLLO TYRES LTD 1.06% Banks 22.16% ICICI BANK LTD 6.21% YES BANK LTD 4.07% STATE BANK OF INDIA 3.39% AXIS BANK LTD 2.57% HDFC BANK LTD 2.01% IDBI BANK LTD 1.59% BANK OF BARODA 1.23% KOTAK MAHINDRA BANK LTD 1.08% Construction Project 6.92% LARSEN & TOUBRO LTD 5.92% VOLTAS LTD 1.00% Consumer Non Durables 11.48% ITC LTD 4.22% GODREJ CONSUMER PRODUCTS LTD 1.88% NESTLE INDIA LTD 1.59% TATA GLOBAL BEVERAGES LTD 1.50% HINDUSTAN UNILEVER LTD 1.24% ASIAN PAINTS LTD 1.05% Ferrous Metals 2.54% TATA STEEL LTD 2.54% Finance 5.39% HOUSING DEVELOPMENT FINANCE CORPORATION 2.75% INFRASTRUCTURE DEVELOPMENT FINANCE 2.64% Gas 2.71% PETRONET LNG LTD 1.53% GAIL (INDIA) LTD 1.18% Industrial Capital Goods 0.48% NITIN FIRE PROTECTION INDUSTRIES LTD 0.48% Industrial Products 1.11% CUMMINS INDIA LTD 1.11% Minerals/Mining 1.01% COAL INDIA LTD 1.01% Non - Ferrous Metals 2.42% HINDALCO INDUSTRIES LTD 2.42% Oil 3.18% OIL & NATURAL GAS CORPORATION LTD 3.18% Petroleum Products 2.79% RELIANCE INDUSTRIES LTD 2.79% Pharmaceuticals 7.19% SUN PHARMACEUTICALS INDUSTRIES LTD 4.31% LUPIN LTD 1.78% RANBAXY LABORATORIES LTD 1.10% Power 2.71% PTC INDIA LTD 2.71% Software 10.47% INFOSYS LTD 5.23% TATA CONSULTANCY SERVICES LTD 3.70% HCL TECHNOLOGIES LTD 1.54% Telecom - Services 3.78% BHARTI AIRTEL LTD 2.70% IDEA CELLULAR LTD 1.08% Transportation 0.96% CONTAINER CORPORATION OF INDIA LTD 0.96% Equity Holdings Total 97.71% CBLO / REPO 1.97% NET RECEIVALBES/(PAYABLES) 0.32% 2.29% Period Fund BSE 200 Nifty Period Fund BSE 200 Nifty Jan 01, 2012 To Dec 31, 2012 31.99 30.98 27.70 Last 1 Year 13,199 13,098 12,770 Jan 01, 2011 To Dec 31, 2011-31.15-26.95-24.62 Last 2 Years 9,087 9,568 9,626 Jan 01, 2010 To Dec 31, 2010 15.30 16.22 17.95 Last 3 Years 10,477 11,120 11,354 9,063 15,050 15,254-1.64 14.17 14.52 22 MUTUAL INTEREST January, 2013

LIC NOMURA MF SYSTEMATIC FUND Scheme Type: Equity - Diversified Launch Date: August 16, 2007 AUM as on 31/12/2012: INR 45.64 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on December 31, 2012 EXPENSE RATIO : 2.29% ANNUAL TURNOVER RATIO : 0.10 times Growth Option 10.2713 Dividend Option 10.2735 Standard Deviation 0.98% Sharpe Ratio -0.01 Portfolio Beta 0.66 R squared 0.08 The investment objective of the scheme is to achieve a long term growth by investing systematically in the Equity / Equity related instruments. Auto 11.95% TATA MOTORS LTD 6.85% MAHINDRA & MAHINDRA LTD 5.10% Banks 23.17% HDFC BANK LTD 9.41% ICICI BANK LTD 5.56% STATE BANK OF INDIA 5.23% AXIS BANK LTD 2.97% Construction Project 7.04% LARSEN & TOUBRO LTD 7.04% Consumer Non Durables 10.90% ITC LTD 7.96% HINDUSTAN UNILEVER LTD 2.95% Ferrous Metals 3.29% TATA STEEL LTD 3.29% Finance 10.64% HOUSING DEVELOPMENT FINANCE CORPORATION 7.72% INFRASTRUCTURE DEVELOPMENT FINANCE 2.93% Gas 1.25% GAIL (INDIA) LTD 1.25% Minerals/Mining 2.03% COAL INDIA LTD 2.03% Oil 1.76% OIL & NATURAL GAS CORPORATION LTD 1.76% Petroleum Products 7.98% RELIANCE INDUSTRIES LTD 7.98% Pharmaceuticals 2.92% CIPLA LTD 2.09% SUN PHARMACEUTICALS INDUSTRIES LTD 0.55% DR. REDDY'S LABORATORIES LTD 0.28% Software 12.16% INFOSYS LTD 7.60% TATA CONSULTANCY SERVICES LTD 4.57% Telecom - Services 3.06% BHARTI AIRTEL LTD 3.06% Equity Holdings Total 98.17% CBLO / REPO 2.62% NET RECEIVALBES/(PAYABLES) -0.79% 1.83% ANALYSIS : SECTOR WISE Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Jan 01, 2012 To Dec 31, 2012 26.35 25.70 27.70 Last 1 Year 12,635 12,570 12,770 Jan 01, 2011 To Dec 31, 2011-28.21-24.64-24.62 Last 2 Years 9,071 9,472 9,626 Jan 01, 2010 To Dec 31, 2010 7.63 17.43 17.95 Last 3 Years 9,763 11,123 11,354 10,271 12,450 13,070 0.51 14.43 14.52% 23

LIC NOMURA MF TOP 100 FUND Scheme Type: Equity - Diversified Launch Date: November 15, 2007 AUM as on 31/12/2012: INR 200.45 Cr Benchmark: CNX 100 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on December 31, 2012 EXPENSE RATIO : 2.34% ANNUAL TURNOVER RATIO : 0.03 times Growth Option 8.2601 Dividend Option 8.2598 Standard Deviation 1.55% Sharpe Ratio -0.01 Portfolio Beta 0.74 R squared 0.87 ANALYSIS : SECTOR WISE 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 9.66% TATA MOTORS LTD 5.30% MAHINDRA & MAHINDRA LTD 3.83% BAJAJ AUTO LTD 0.53% Banks 24.38% HDFC BANK LTD 6.52% ICICI BANK LTD 4.60% AXIS BANK LTD 4.26% STATE BANK OF INDIA 3.99% BANK OF BARODA 2.80% KOTAK MAHINDRA BANK LTD 1.07% IDBI BANK LTD 0.63% YES BANK LTD 0.51% Construction Project 6.21% LARSEN & TOUBRO LTD 6.21% Consumer Non Durables 10.74% ITC LTD 6.44% HINDUSTAN UNILEVER LTD 4.06% ASIAN PAINTS LTD 0.24% Ferrous Metals 3.06% TATA STEEL LTD 3.06% Finance 11.31% HOUSING DEVELOPMENT FINANCE CORPORATION 6.53% INFRASTRUCTURE DEVELOPMENT FINANCE 3.25% POWER FINANCE CORPORATION LTD 1.52% Gas 1.87% GAIL (INDIA) LTD 1.87% Industrial Capital Goods 0.28% SIEMENS LTD 0.28% Non - Ferrous Metals 0.56% HINDALCO INDUSTRIES LTD 0.56% Oil 1.93% OIL & NATURAL GAS CORPORATION LTD 1.93% Petroleum Products 6.63% RELIANCE INDUSTRIES LTD 6.63% Pharmaceuticals 5.92% SUN PHARMACEUTICALS INDUSTRIES LTD 3.20% LUPIN LTD 2.14% CIPLA LTD 0.35% DR. REDDY'S LABORATORIES LTD 0.23% Power 1.10% POWER GRID CORPORATION OF INDIA LTD 1.10% Software 12.30% INFOSYS LTD 5.87% TATA CONSULTANCY SERVICES LTD 3.90% HCL TECHNOLOGIES LTD 1.45% WIPRO LTD 1.08% Telecom - Services 1.41% BHARTI AIRTEL LTD 0.78% IDEA CELLULAR LTD 0.62% Transportation 0.48% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 0.48% Equity Holdings Total 97.83% CBLO / REPO 2.13% NET RECEIVALBES/(PAYABLES) 0.04% 2.17% Period Fund CNX 100 Nifty Period Fund CNX 100 Nifty Jan 01, 2012 To Dec 31, 2012 29.47 30.60 27.70 Last 1 Year 12,947 13,060 12,770 Jan 01, 2011 To Dec 31, 2011-29.00-25.81-24.62 Last 2 Years 9,193 9,690 9,626 Jan 01, 2010 To Dec 31, 2010 10.91 17.91 17.95 Last 3 Years 10,197 11,425 11,354 8,260 9,815 9,764-3.76 19.30 14.52 24 MUTUAL INTEREST January, 2013

LIC NOMURA MF INFRASTRUCTURE FUND Scheme Type: Equity - Diversified Launch Date: January 31, 2008 AUM as on 31/12/2012: INR 93.91 Cr Benchmark: BSE 100 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on December 31, 2012 EXPENSE RATIO : 2.43% ANNUAL TURNOVER RATIO : 0.10 times Growth Option 8.3459 Dividend Option 8.3458 Standard Deviation 1.71% Sharpe Ratio -0.01 Portfolio Beta 0.82 R squared 0.85 ANALYSIS : SECTOR WISE 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 11.84% MAHINDRA & MAHINDRA LTD 5.56% TATA MOTORS LTD 5.49% MARUTI SUZUKI INDIA LTD 0.79% Banks 21.73% HDFC BANK LTD 7.59% ICICI BANK LTD 7.27% AXIS BANK LTD 3.09% KOTAK MAHINDRA BANK LTD 1.73% STATE BANK OF INDIA 1.65% IDBI BANK LTD 0.40% Cement 0.40% AMBUJA CEMENTS LTD 0.21% ACC LTD 0.19% Construction Project 12.36% LARSEN & TOUBRO LTD 10.44% VOLTAS LTD 0.98% SADBHAV ENGINEERING LTD 0.93% Consumer Non Durables 3.30% ASIAN PAINTS LTD 3.30% Ferrous Metals 4.53% TATA STEEL LTD 3.19% JINDAL STEEL & POWER LTD 0.87% STEEL AUTHORITY OF INDIA LTD 0.46% Finance 12.70% HOUSING DEVELOPMENT FINANCE CORPORATION 8.87% INFRASTRUCTURE DEVELOPMENT FINANCE 1.60% POWER FINANCE CORPORATION LTD 1.11% SHRIRAM TRANSPORT FINANCE COMPANY LTD 0.91% DEWAN HOUSING FINANCE CORPORATION LTD 0.21% Gas 1.51% GAIL (INDIA) LTD 0.85% INDRAPRASTHA GAS LTD 0.65% Industrial Capital Goods 3.78% BHARAT HEAVY ELECTRICALS LTD 3.78% Industrial Products 1.09% BHARAT FORGE LTD 0.86% SINTEX INDUSTRIES LTD 0.23% Minerals/Mining 0.79% NMDC LTD 0.79% Non - Ferrous Metals 1.39% HINDALCO INDUSTRIES LTD 1.39% Oil 3.99% OIL & NATURAL GAS CORPORATION LTD 3.99% Petroleum Products 9.69% RELIANCE INDUSTRIES LTD 9.36% INDIAN OIL CORPORATION LTD 0.33% Power 3.35% TATA POWER COMPANY LTD 2.35% NTPC LTD 1.00% Telecom - Services 3.05% BHARTI AIRTEL LTD 2.56% IDEA CELLULAR LTD 0.49% Transportation 2.43% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 1.26% CONTAINER CORPORATION OF INDIA LTD 1.17% Equity Holdings Total 97.91% CBLO / REPO 1.62% NET RECEIVALBES/(PAYABLES) 0.47% 2.09% 2.01% 97.91% Period Fund BSE 100 Nifty Period Fund BSE 100 Nifty Jan 01, 2012 To Dec 31, 2012 26.60 29.96 27.70 Last 1 Year 12,660 12,996 12,770 Jan 01, 2011 To Dec 31, 2011-35.13-25.73-24.62 Last 2 Years 8,213 9,652 9,626 Jan 01, 2010 To Dec 31, 2010 8.35 15.66 17.95 Last 3 Years 8,899 11,163 11,354 8,346 10,955 11,305-3.72 14.67 14.52 25

DIVIDEND HISTORY DIVIDEND HISTORY OF LIC NOMURA MF LIQUID FUND Frequency Record Date Face Value Gross Dividend (Rs.) (Rs.) (Rs.)/unit October, 2012 0.0756 November, 2012 0.0725 December, 2012 0.0767 DIVIDEND HISTORY OF LIC NOMURA MF SAVINGS PLUS FUND Frequency Record Date Face Value Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit Daily October, 2012 0.0495 November, 2012 0.0537 December, 2012 0.0647 Weekly October, 2012 0.0525 November, 2012 0.0430 December, 2012 0.0838 Monthly October, 2012 0.0510 November, 2012 0.0500 December, 2012 0.1633 DIVIDEND HISTORY OF LIC NOMURA MF FLOATER MIP Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly September 25, 2012 10.0000 10.6716 0.0500 November 29, 2012 10.0000 10.3770 0.0500 December 26, 2012 10.0000 10.4313 0.0800 Quarterly June 14, 2011 10.0000 10.4283 0.2500 March 27, 2012 10.0000 10.4286 0.2500 December 27, 2012 10.0000 10.6988 0.2000 Yearly June 14, 2011 10.0000 10.9636 0.6500 March 27, 2012 10.0000 10.5661 0.3000 DIVIDEND HISTORY OF LIC NOMURA MF BOND FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly August 01, 2012 10.0000 10.7305 0.20 October 03, 2012 10.0000 10.5268 0.20 December 03, 2012 10.0000 10.6873 0.20 DIVIDEND HISTORY OF LIC NOMURA MF G-SEC FUND PF PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly August 01, 2012 10.0000 11.3517 0.25 October 3, 2012 10.0000 11.0444 0.25 December 27, 2012 10.0000 11.1882 0.25 DIVIDEND HISTORY OF LIC NOMURA MF FLOATING RATE FUND - STP Frequency Record Date Face Value Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit Daily DIVIDEND HISTORY OF LIC NOMURA MF INCOME PLUS FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily DIVIDEND HISTORY OF LIC NOMURA MF MONTHLY INCOME PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Yearly March 9, 2010 10.0000 11.3475 1.3000 June 14, 2011 10.0000 10.5401 0.3500 Monthly October 30, 2012 10.0000 10.3248 0.0500 November 29, 2012 10.0000 10.3623 0.0350 December 26, 2012 10.0000 10.4431 0.0900 Quarterly October 03, 2012 10.0000 10.0522 0.2000 December 27, 2012 10.0000 10.6765 0.2000 October, 2012 0.0495 November, 2012 0.0806 December, 2012 0.0652 Weekly October, 2012 0.0525 November, 2012 0.0505 December, 2012 0.0916 Monthly October, 2012 0.0510 November, 2012 0.0500 December, 2012 0.1792 October, 2012 0.0495 November, 2012 0.0534 December, 2012 0.0637 Weekly October, 2012 0.0525 November, 2012 0.0455 December, 2012 0.1056 DIVIDEND HISTORY OF LIC NOMURA MF G-SEC FUND REG. PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Quarterly August 01, 2012 10.0000 10.6542 0.20 October 03, 2012 10.0000 10.4857 0.15 December 03, 2012 10.0000 10.6224 0.15 DIVIDEND HISTORY OF LIC NOMURA MF BALANCED FUND - DIVIDEND PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit March 27, 2012 10.0000 11.2085 0.75 August 14, 2012 10.0000 10.9700 0.20 Fund Manager - Mr. Nobutaka Kitajima Top 3 Scheme Name 1-year Return LIC Nomura MF India Vision Fund(G) 31.8128 LIC Nomura MF Top 100 Fund(G) 29.3141 LIC Nomura MF Equity Fund(G) 28.2882 Bottom 3 Scheme Name 1-year Return LIC Nomura MF SAAF(G) 26.2102 LIC Nomura MF Tax Plan(G) 26.1826 LIC Nomura MF Index-Sensex plan(g) 26.1151 Fund Manager s Performance Fund Manager - Mr. Surendra Jalani Top Performance Scheme Name 1-year Return LIC Nomura MF Balanced Fund(G) 24.1691 LIC Nomura MF Children(G) 19.6837 LICMF ULIS 18.1127 Bottom Performance LIC Nomura MF Floater MIP(G) 11.3467 LIC Nomura MF MIP(G) 10.1040 Fund Manager - Mr. Y. D. Prasanna Top 3 Scheme Name 1-year Return LIC Nomura MF Annual-Inv-1-Reg(G) 10.1188 LIC Nomura MF Qtly-Inv-1-Reg(G) 9.6662 LIC Nomura MF Qtly-Inv-2-Reg(G) 9.6166 Bottom 3 Scheme Name 1-year Return LIC Nomura MF Income Plus(G) 8.6848 LIC Nomura MF Savings Plus(G) 8.6107 LIC Nomura MF FRF-STP(G) 8.3146 26 MUTUAL INTEREST January, 2013

Let your investment rest upon a strong base IT Rebate Maturity Bonus Capital Appreciation Single/Regular/SIP Contribution Free Accident Cover Low Cost Life Insurance HIGHLIGHTS: lobjective: An open-ended insurance linked tax saving scheme to provide long term capital appreciation along with benefits of Tax Rebate and Insurance. lasset Allocation Pattern: Equity/Equity Related: 65-80% Debt/Money Market: 20-35%. loptions: Single Premium Option - 5 yrs./ 10 yrs. Regular Premium Option - 10 yrs. / 15 yrs. linsurance Cover: Life Cover and Accident Cover up to Rs. 15 lakh and Rs. 7.5 lakh respectively. ltax Benefits: Tax Rebate u/s 80 C and Tax Exemption u/s 48 and 112. lbonus on Maturity l. lexit Load: Nil. lage at Entry: Regular Premium Option: 12 yrs. to 55/60 yrs., Single Premium Option: 12 yrs. to 60 yrs. lminimum Target Amount: Single Premium: Rs. 10,000/-, Regular Premium: Rs. 10,000/- under 10 Year Term, Rs. 15,000/- under 15 Year Term, Rs. 12,000/- under Monthly SIP 10 Year Term and Rs. 18,000/- under Monthly SIP 15 year Term lminimum Investment Amount: Regular Premium: Monthly: Rs. 100/-, Half Yearly: Rs. 500/-, Yearly: Rs. 1000/-, Single Premium : Rs. 10,000/-. * Now with Additional Benefits of Auto Cover and Advance Premium - kindly read the Scheme Information Documents for applicability. 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.