MUTUAL INTEREST February, 2013

MUTUAL INTEREST February, 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 February, 2013

MARKET REVIEW Shri V. Chandrasekaran CIO - Debt DEBT MARKET REVIEW RBI in its Third Quarter Review of Monetary Policy 2012-13, slashed short term lending (Repo) rate by 0.25 percent to 7.75 percent from 8 percent. Banks net average borrowings under the RBI's LAF stood at Rs 1,04,110 crore, marginally lower compared to the previous day's figure of Rs 1,04,340 crore. Similarly, the Marginal Standing Facility (MSF) rate, determined with a spread of 100 basis points above the Repo Rate, and also the Bank Rate stand adjusted to 8.75 percent. RBI also slashed the Cash Reserve Ratio (CRR) by 25 basis points to 4 percent from 4.25 percent of Net Demand and Time Liability (NDTL) to be effective from fortnight beginning 9th Feb 2013. As a result of this 180 billion will be injected into the banking system. Whereas it kept SLR unchanged at 23 percent of NDTL. The Central Bank kept Statutory Liquidity Ratio unchanged at 23%. RBI lowered the GDP growth projection for the current fiscal to 5.5 percent from 5.8 percent projected earlier and inflation projection for Mar-13 lowered to 6.8 percent from 7.5 percent. Money Supply growth projection scaled down to 13 percent from 14 percent while Non food credit growth projection is retained at 16 percent keeping in view the seasonal pattern for last quarter. The Current Account Deficit (CAD)/GDP ratio reached its highest ever peak of 5.4 percent of GDP in Q2 of 2012-13. CAD has widened mainly due to worsening of trade deficit. The central bank has also made the CAD and the implication of the Governments upcoming budget on the fiscal deficit key triggers for Indian Bonds. WPI inflation projection revised downwards the baseline from 7.5 percent to 6.8 percent for March 2013 considering expected moderation in non-food manufactured product inflation, domestic supply demand balance and global trends in commodity prices. Interbank call money rates moved in a narrow range of 7.80-8.15% during most of the month. However the rates ended sharply up at 8.50-9.50% as the state owned banks avoided lending on the last day of quarter. CBLO rates ended at 7.74%. RBI conducted auction for the securities 8.12% GS 2020, 8.20% GS 2025 and 8.30% GS 2042 for a notified amount of Rs 12,000 cr. The cut off for the securities came in at 7.92%, 8.03% and 8.13% respectively. All the three securities were fully subscribed. The bid cover ratio was at 2.78 as compared to 2.85 in the previous auction. The benchmark 10-yr security 8.15% GS 2022 closed at 7.91% 3 bps higher w-o-w. The G-sec market traded flat ahead of the monetary policy release. The G- sec yields inch higher ending to 1 month highs, as the auction cut-offs were in line with the expectations. Indian Rupee closed stronger at Rs 53.19 against the U.S Dollar on 31st January 2013 from the previous day's close of Rs 53.25. The RBI in its monetary policy expressed its concern about surging current account deficit, global commodity price threats and the deteriorating asset quality of banks. The RBI allowed primary dealers to borrow up to 50% of their Net Owned Funds in overnight call money markets for investment in corporate bonds. Outlook: In the next month, we expect short term yield to firm up due to liquidity crunch and long term yield soften as the effect of repo rate cut and centre's fiscal consolidation measures kick in. Shri Nobutaka Kitajima CIO - Equity EQUITY MARKET REVIEW Uptrend in the equity market continued in the month of January with RBI finally cutting the benchmark repo rate by 25bps and also the CRR by 25bps, and the government announcing its first step towards deregulation of diesel price. In January, Nifty and Sensex were up 2.2% & 2.4% respectively after seeing a similar gain in December. The corporate earnings season started on a good note with heavyweights like Infosys and Reliance surprising positively. However, IIP for Nov came in lower at -0.1% which was largely in line with consensus expectations of 0.1%. Among the sectors IT was the biggest outperformer in January with stellar results from Infosys, HCL Tech and TCS, the IT index was up ~13%. Oil & gas sector also did well, led by ONGC and HPCL, buoyed by government's authorization for OMCs to hike diesel prices. Banks had a steady month with Axis, ICICI and HDFC Bank all reporting strong quarterly numbers. Capital flows: The FIIs were net buyers during January to the tune of Rs 22059.20 crore. FII have invested to the tune of INR 77858.80 crore in equity market while selling stocks worth Rs 55799.80 crore. (Source: SEBI) Outlook: The key event in the month of February is the Union Budget, in which the government has to tackle the rising fiscal deficit while addressing political demands for populism. Although the government has already introduced a slew of reforms - be it diesel and petrol price hike, FDI in retail and aviation or deferral of GAAR; it remains to be seen if the Index Price as on 31/01 /2013 1Month Absolute Return government's policy initiatives would bring investment to healthy levels that can trigger the uptick in GDP growth. Other thing to watch is inflation related figures. If the situation improves, we could see further easing of the rates by the RBI in its next policy meet in March. Absolute 3Months Absolute Return 6Months Absolute Return CNX Nifty Junior 12270.55-0.56 12.59 22.36 S&P CNX Nifty 6034.75 2.20 7.39 15.41 BSE SENSEX 19894.98 2.41 7.51 15.43 BSE SMALLCAP 7074.07-4.14 1.21 9.71 BSE MIDCAP 6970.88-2.00 6.17 15.94 BSE-100 6091.49 1.94 8.37 16.49 BSE-200 2461.12 1.56 8.13 16.39 BSE-500 7665.74 1.11 7.68 16.05 Index Price as on 31/01/2013 1 Month Absolute Return 3 Months Absolute Returns 6 Months Absolute Returns BSE AUTO 10993.92-3.78 6.66 20.63 BSE BANKEX 14580.26 1.64 12.61 22.42 BSE Capital Goods 10495.62-3.43-3.39 9.33 BSE Consumer Durables 7581.50-1.78 9.28 20.40 BSE FMCG 5921.89 0.10 4.12 17.37 BSE Health Care 8016.93-1.42 5.20 12.26 BSE IT 6393.63 12.48 11.80 19.62 BSE METAL 10606.13-4.20 4.50 1.23 BSE OIL & GAS 9359.16 9.87 12.02 14.72 BSE Power 1951.22-1.99-0.05 2.86 BSE PSU 7661.77 4.46 7.84 7.84 BSE Realty 2238.57 6.05 26.36 36.69 BSE SENSEX 19894.98 2.41 7.51 15.43 3

LIC NOMURA MF LIQUID FUND Scheme Type: Debt - Liquid Launch Date: March 11, 2002 AUM as on 31/01/2013: INR 3362.30 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 25000/- Name: Shri Y D Prasanna as on January 31, 2013 Growth 2099.4531 Dividend 1098.0000 Direct Growth 2099.4990 Direct Dividend 1098.0000 EXPENSE RATIO : 0.26% 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 PUNJAB NATIONAL BANK CRISIL A1+ 5.90% ORIENTAL BANK OF COMMERCE CRISIL A1+ 4.44% IDBI BANK LTD CRISIL A1+ 3.83% CANARA BANK CRISIL A1+ 3.69% ALLAHABAD BANK ICRA A1+ 2.91% BANK OF MAHARASHTRA CRISIL A1+ 2.23% STATE BANK OF MYSORE ICRA A1+ 2.20% THE FEDERAL BANK LTD CRISIL A1+ 1.49% STATE BANK OF PATIALA ICRA A1+ 1.49% ING VYSYA BANK LTD CRISIL A1+ 1.48% CORPORATION BANK CRISIL A1+ 1.48% BANK OF INDIA CRISIL A1+ 1.47% VIJAYA BANK CARE A1+ 1.47% INDIAN BANK FITCH A1+ 1.47% CENTRAL BANK OF INDIA CRISIL A1+ 1.18% AXIS BANK LTD CRISIL A1+ 0.89% ING VYSYA BANK LTD ICRA A1+ 0.74% BANK OF BARODA CRISIL A1+ 0.74% STATE BANK OF TRAVANCORE CRISIL A1+ 0.74% ALLAHABAD BANK CRISIL A1+ 0.74% KOTAK MAHINDRA BANK LTD CRISIL A1+ 0.74% ANDHRA BANK CARE A1+ 0.74% ANDHRA BANK ICRA A1+ 0.73% STATE BANK OF PATIALA CRISIL A1+ 0.50% SYNDICATE BANK CARE A1+ 0.45% ANDHRA BANK CRISIL A1+ 0.30% Certificate of Deposit Total 44.02% Commercial Paper INDIAN OIL CORPORATION LTD ICRA A1+ 5.77% SUNDARAM FINANCE LTD CRISIL A1+ 4.44% MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD CRISIL A1+ 4.43% HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL A1+ 3.70% DEWAN HOUSING FINANCE CORPORATION LTD CRISIL A1+ 2.96% EXPORT IMPORT BANK OF INDIA CRISIL A1+ 2.96% L & T INFRASTRUCTURE FINANCE CO LTD CARE A1+ 2.96% TATA MOTORS FINANCE LTD CRISIL A1+ 2.96% BAJAJ FINANCE LTD CRISIL A1+ 2.94% TATA CAPITAL FINANCIAL SERVICES LTD ICRA A1+ 1.49% L AND T FINCORP LIMITED CARE A1+ 1.49% SHRIRAM CITY UNION FINANCE LTD CRISIL A1+ 1.48% ASHOK LEYLAND LTD ICRA A1+ 1.47% BLUE STAR LTD CARE A1+ 1.19% KOTAK MAHINDRA PRIME LTD CRISIL A1+ 0.89% GODREJ INDUSTRIES LTD ICRA A1+ 0.74% L&T FINANCE LTD CARE A1+ 0.74% IDFC PRIMARY DEALERSHIP LTD ICRA A1+ 0.74% INDIAN OIL CORPORATION LTD CRISIL A1+ 0.74% HINDUSTAN PETROLEUM CORPORATION LTD CRISIL A1+ 0.74% HOUSING DEVELOPMENT FINANCE CORPORATION LTD ICRA A1+ 0.74% NIRMA LTD CRISIL A1+ 0.73% Commercial Paper Total 46.29% MONEY MARKET INSTRUMENTS Total 90.31% CBLO / REPO 14.82% NET RECEIVALBES/(PAYABLES) -5.13% 9.69% Average Maturity 24 days MATURITY PROFILE FOR THE RATING PROFILE FOR THE Duration 0.06 yrs 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 31January 2013 Period Fund C Fund~LX 1 yr T-bill Last 7 Days 8.10 7.46 7.09 Last 15 Days 8.13 7.57 6.51 Last 30 Days 8.23 7.60 10.37 * For Dividend History refer to page no. 26 4 MUTUAL INTEREST February, 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 31/01/2013: INR 239.51 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Name: Shri Y D Prasanna as on January 31, 2013 Industry/Rating % to Nav MONEY MARKET INSTRUMENTS Certificate of Deposit THE JAMMU & KASHMIR BANK LTD CRISIL A1+ 10.43% BANK OF INDIA CRISIL A1+ 10.33% ORIENTAL BANK OF COMMERCE CRISIL A1+ 10.33% STATE BANK OF PATIALA ICRA A1+ 5.70% CENTRAL BANK OF INDIA CARE A1+ 2.07% Certificate of Deposit Total 38.85% Commercial Paper INDIAN OIL CORPORATION LTD CRISIL A1+ 4.14% RURAL ELECTRIFICATION CORPORATION LTD CRISIL A1+ 0.63% Commercial Paper Total 4.76% MONEY MARKET INSTRUMENTS Total 43.62% CBLO / REPO 56.57% NET RECEIVALBES/(PAYABLES) -0.18% 56.38% Growth 17.9938 Dividend - Daily 10.0500 Dividend - Weekly 10.0540 Dividend - Monthly 10.0657 Direct Growth 18.0005 Direct Dividend - Daily 10.0500 Direct Dividend - Weekly 10.0542 Direct Dividend - Monthly 10.0668 MATURITY PROFILE FOR THE RATING PROFILE FOR THE EXPENSE RATIO : 0.75% METRICS Average Maturity Duration 14 days 0.03 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 31/01/2013: INR 34.97 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 29.04% Mutual Fund Units Total 29.04% CBLO / REPO 70.73% NET RECEIVALBES/(PAYABLES) 0.22% 70.96% Name: Shri Y D Prasanna as on January 31, 2013 Growth 18.4749 Dividend - Daily 10.0500 Dividend - Weekly 10.1441 Direct Growth 18.4780 Direct Dividend - Daily 10.0500 Direct Dividend - Weekly 10.1442 EXPENSE RATIO : 0.61% 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 10,836 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 February, 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 31/01/2013: INR 170.58 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 500000/- Name: Shri Y D Prasanna as on January 31, 2013 Growth 15.2606 Dividend - Daily 10.0500 Dividend - Weekly 10.0535 Dividend - Monthly 10.0659 Industry/Rating % to Nav CORPORATE DEBT Non-convertible Debentures POWER GRID CORPORATION OF INDIA LTD CRISIL AAA 1.47% Non-convertible Debentures Total 1.47% CORPORATE DEBT Total 1.47% MONEY MARKET INSTRUMENTS Certificate of Deposit STATE BANK OF PATIALA ICRA A1+ 14.65% SYNDICATE BANK CARE A1+ 14.45% KOTAK MAHINDRA BANK LTD CRISIL A1+ 14.43% YES BANK LTD ICRA A1+ 8.79% SOUTH INDIAN BANK LTD CARE A1+ 5.84% CANARA BANK CRISIL A1+ 2.90% STATE BANK OF PATIALA CRISIL A1+ 1.76% Certificate of Deposit Total 62.80% Commercial Paper RURAL ELECTRIFICATION CORPORATION LTD CRISIL A1+ 2.93% Commercial Paper Total 2.93% MONEY MARKET INSTRUMENTS Total 65.73% CBLO / REPO 32.92% NET RECEIVALBES/(PAYABLES) -0.11% 32.80% Direct Growth Direct Dividend - Daily 10.0500 Direct Dividend - Weekly 10.0536 Direct Dividend - Monthly 10.065 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 26 days 0.06 yrs 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 31/01/2013: INR 162.30 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 January 31, 2013 Growth 32.4571 Direct Growth 32.4585 Dividend 10.6015 Direct Dividend 10.6049 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 9.42% RURAL ELECTRIFICATION CORPORATION LTD CRISIL AAA 6.96% INDIAN RAILWAY FINANCE CORP LTD CRISIL AAA 6.43% EXPORT IMPORT BANK OF INDIA CRISIL AAA 6.35% INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LTD ICRA AAA 6.23% POWER GRID CORPORATION OF INDIA LTD CRISIL AAA 6.16% INDIAN OIL CORPORATION LTD CRISIL AAA 3.53% POWER FINANCE CORPORATION LTD CRISIL AAA 3.12% PUNJ LLOYD LTD CARE A 1.28% HOUSING DEVELOPMENT FINANCE CORPORATION LTD CRISIL AAA 0.25% SHRIRAM TRANSPORT FINANCE COMPANY LTD FITCH AA 0.04% Non-convertible Debentures Total 49.76% Floating Rate Note MAGMA FINCORP LTD CARE AA+ 6.18% Floating Rate Note Total 6.18% CORPORATE DEBT Total 55.95% MONEY MARKET INSTRUMENTS Certificate of Deposit Central Bank of India ICRA A1+ 0.60% Certificate of Deposit Total 0.60% MONEY MARKET INSTRUMENTS Total 0.60% GOVERNMENT BOND 8.15% GOI (MD 11/06/2022) SOV 21.90% 9.15% GOI (MD 14/11/2024) SOV 3.33% GOVERNMENT BOND Total 25.22% CBLO / Repo 16.07% Net Receivalbes/(Payables) 2.16% 18.23% EXPENSE RATIO : 1.57% METRICS MATURITY PROFILE FOR THE RATING PROFILE FOR THE Average Maturity Duration 1,659 days 2.48 years CARE AA+, CRISIL AA, ICRA AAA, ICRA A1+, CARE A, FITCH 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 February, 2013

LIC NOMURA MF G-SEC FUND Scheme Type: Debt - Gilt Launch Date: November 15, 1999 AUM as on 31/01/2013: INR 52.24 Cr Benchmark: I-Sec Composite Gilt Index Minimum Investment: Rs. 10000/- Name: Shri Y D Prasanna as on January 31, 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 INDIAN OIL CORPORATION LTD CRISIL AAA 7.84% NATIONAL HOUSING BANK CRISIL AAA 26.66% Non-convertible Debentures Total 34.49% CORPORATE DEBT Total 34.49% GOVERNMENT BOND Government Bond 8.97% GOI (MD 05/12/2030) SOV 20.66% 9.15% GOI (MD 14/11/2024) SOV 10.33% 8.15% GOI (MD 11/06/2022) SOV 9.72% 8.08% GOI (MD 02/08/2022) SOV 9.60% 7.8% GOI (MD 11/04/2021) SOV 9.46% Government Bond Total 59.78% GOVERNMENT BOND Total 59.78% CBLO / REPO 3.73% NET RECEIVALBES/(PAYABLES) 2.00% 5.73% PF Growth 15.1410 Regular Growth 26.2673 Direct Regular Growth 26.2781 PF Dividend 11.0826 MATURITY PROFILE FOR THE RATING PROFILE FOR THE Regular Dividend 10.6105 Direct Regular Dividend 10.6137 EXPENSE RATIO : 1.26% CRISIL AAA, SOV Cash & Other Receivables METRICS Average Maturity Duration 2,853 days 4.21 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 31/01/2013: INR 140.91 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 January 31, 2013 Dividend 10.6241 Direct Dividend EXPENSE RATIO : 1.99% ANNUAL TURNOVER RATIO : 1.37 times METRICS Quantitative Indicators - Debt Component Average Maturity 51 days Duration 0.13 years Standard Deviation 1.12% Sharpe Ratio 0.03 Portfolio Beta 1.02 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 5.33% TATA MOTORS LTD 1.59% BAJAJ AUTO LTD 1.31% MAHINDRA & MAHINDRA LTD 0.90% MARUTI SUZUKI INDIA LTD 0.82% HERO MOTOCORP LTD 0.72% Banks 13.35% ICICI BANK LTD 3.73% HDFC BANK LTD 2.69% KOTAK MAHINDRA BANK LTD 2.30% STATE BANK OF INDIA 1.76% AXIS BANK LTD 1.18% BANK OF BARODA 0.62% YES BANK LTD 0.56% PUNJAB NATIONAL BANK 0.52% Cement 3.13% GRASIM INDUSTRIES LTD 1.12% ULTRATECH CEMENT LTD 0.77% AMBUJA CEMENTS LTD 0.69% ACC LTD 0.55% Chemicals 1.06% TATA CHEMICALS LTD 1.06% Construction Project 2.57% LARSEN & TOUBRO LTD 2.57% Consumer Non Durables 7.18% ITC LTD 3.92% HINDUSTAN UNILEVER LTD 1.96% ASIAN PAINTS LTD 0.91% TATA GLOBAL BEVERAGES LTD 0.40% Ferrous Metals 2.24% TATA STEEL LTD 2.24% Finance 5.28% HOUSING DEVELOPMENT FINANCE CORPORATION 2.70% INFRASTRUCTURE DEVELOPMENT FINANCE 2.59% Gas 1.13% GAIL (INDIA) LTD 1.13% Industrial Capital Goods 0.26% SIEMENS LTD 0.26% Minerals/Mining 1.13% COAL INDIA LTD 1.13% Non - Ferrous Metals 0.96% HINDALCO INDUSTRIES LTD 0.96% Oil 2.51% OIL & NATURAL GAS CORPORATION LTD 1.80% CAIRN INDIA LTD 0.70% Petroleum Products 5.41% RELIANCE INDUSTRIES LTD 5.41% Pharmaceuticals 5.23% SUN PHARMACEUTICALS INDUSTRIES LTD 1.89% DR. REDDY'S LABORATORIES LTD 1.67% RANBAXY LABORATORIES LTD 1.10% CIPLA LTD 0.31% LUPIN LTD 0.27% Power 2.57% POWER GRID CORPORATION OF INDIA LTD 1.98% TATA POWER COMPANY LTD 0.45% PTC INDIA LTD 0.14% Software 7.11% INFOSYS LTD 4.65% TATA CONSULTANCY SERVICES LTD 0.99% TECH MAHINDRA LTD 0.85% WIPRO LTD 0.50% HCL TECHNOLOGIES LTD 0.12% Telecom - Services 1.51% BHARTI AIRTEL LTD 1.51% Equity Holdings Total 67.97% 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+ 13.02% Floating Rate Note Total 13.02% CORPORATE BOND SECURITY Total 13.03% MUTUAL FUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR OPTION 3.95% Mutual Fund Units Total 3.95% MUTUAL FUND Total 3.95% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A1+ 6.72% THE JAMMU & KASHMIR BANK LTD CRISIL A1+ 3.49% ANDHRA BANK CARE A1+ 3.28% Certificate of Deposit Total 13.50% Commercial Paper RURAL ELECTRIFICATION CORPORATION LTD CRISIL A1+ 4.61% Commercial Paper Total 4.61% MONEY MARKET INSTRUMENTS Total 18.11% CBLO / REPO 0.39% NET RECEIVALBES/(PAYABLES) -3.46% -3.07% 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 February, 2013

LIC NOMURA MF BALANCED FUND Scheme Type: Balanced Launch Date: January 1, 1991 AUM as on 31/01/2013: INR 19.01 Cr Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.1000/- Name: Mr. Surendra Jalani as on January 31, 2013 EXPENSE RATIO : 2.15% ANNUAL TURNOVER RATIO : 0.90 times METRICS Growth 60.1228 Dividend 11.6371 Direct Growth 60.1468 Direct Dividend 11.6429 Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 1.17% Sharpe Ratio 0.03 Portfolio Beta 0.97 R squared 0.10 ANALYSIS : SECTOR WISE 30 days 0.08 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 4.65% TATA MOTORS LTD 2.04% MAHINDRA & MAHINDRA LTD 1.64% BAJAJ AUTO LTD 0.85% MARUTI SUZUKI INDIA LTD 0.12% Banks 13.52% HDFC BANK LTD 5.76% ICICI BANK LTD 3.26% YES BANK LTD 2.51% KOTAK MAHINDRA BANK LTD 1.36% AXIS BANK LTD 0.63% Cement 3.51% AMBUJA CEMENTS LTD 2.14% ULTRATECH CEMENT LTD 0.75% GRASIM INDUSTRIES LTD 0.47% ACC LTD 0.14% Construction Project 4.04% LARSEN & TOUBRO LTD 4.04% Consumer Non Durables 8.60% ITC LTD 4.69% HINDUSTAN UNILEVER LTD 3.73% ASIAN PAINTS LTD 0.18% Finance 6.28% HOUSING DEVELOPMENT FINANCE CORPORATION 3.52% INFRASTRUCTURE DEVELOPMENT FINANCE 2.76% Gas 1.06% GAIL (INDIA) LTD 1.06% Non - Ferrous Metals 1.52% HINDALCO INDUSTRIES LTD 1.52% Oil 1.90% OIL & NATURAL GAS CORPORATION LTD 1.78% CAIRN INDIA LTD 0.12% Petroleum Products 3.52% RELIANCE INDUSTRIES LTD 3.52% Pharmaceuticals 7.11% LUPIN LTD 2.23% SUN PHARMACEUTICALS INDUSTRIES LTD 1.32% DR. REDDY'S LABORATORIES LTD 1.21% CIPLA LTD 1.18% RANBAXY LABORATORIES LTD 1.18% Power 2.19% POWER GRID CORPORATION OF INDIA LTD 1.16% PTC INDIA LTD 1.03% Services 0.81% ADITYA BIRLA NUVO LTD 0.81% Software 10.14% INFOSYS LTD 4.55% HCL TECHNOLOGIES LTD 3.25% TATA CONSULTANCY SERVICES LTD 2.12% WIPRO LTD 0.11% TECH MAHINDRA LTD 0.11% Equity Holdings Total 68.85% Rating CORPORATE BOND SECURITY Floating Rate Note MAGMA FINCORP LTD CARE AA+ 18.03% Floating Rate Note Total 18.03% CORPORATE BOND SECURITY Total 18.03% MUTUAL FUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR 11.01% Mutual Fund Units Total 11.01% MUTUAL FUND Total 11.01% CBLO / REPO 1.75% NET RECEIVALBES/(PAYABLES) 0.37% 2.12% 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 31/01/2013: INR 49.54 Cr Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on January 31, 2013 Growth 35.5475 Dividend - Monthly 10.4125 Dividend - Quarterly 10.5895 Dividend - Yearly 11.0943 Direct Growth 35.5596 Direct Dividend - Monthly 10.4162 Direct Dividend - Quarterly 10.5931 Direct Dividend - Yearly 11.0981 EXPENSE RATIO : 1.65% ANNUAL TURNOVER RATIO : 1.80 times METRICS Quantitative Indicators - Debt Component Average Maturity 139 days Duration 0.35 years Standard Deviation 2.00% 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 1.91% MAHINDRA & MAHINDRA LTD 1.44% BAJAJ AUTO LTD 0.25% TATA MOTORS LTD 0.18% MARUTI SUZUKI INDIA LTD 0.05% Banks 2.09% ICICI BANK LTD 1.25% UNION BANK OF INDIA 0.51% KOTAK MAHINDRA BANK LTD 0.18% HDFC BANK LTD 0.15% Cement 0.78% ULTRATECH CEMENT LTD 0.38% AMBUJA CEMENTS LTD 0.21% GRASIM INDUSTRIES LTD 0.18% Consumer Non Durables 1.80% ITC LTD 1.18% HINDUSTAN UNILEVER LTD 0.44% ASIAN PAINTS LTD 0.18% Finance 0.76% HOUSING DEVELOPMENT FINANCE CORPORATION 0.76% Gas 0.07% GAIL (INDIA) LTD 0.07% Non - Ferrous Metals 0.09% HINDALCO INDUSTRIES LTD 0.09% Oil 0.05% CAIRN INDIA LTD 0.05% Petroleum Products 1.30% RELIANCE INDUSTRIES LTD 1.30% Pharmaceuticals 1.97% RANBAXY LABORATORIES LTD 0.78% CIPLA LTD 0.62% LUPIN LTD 0.21% DR. REDDY'S LABORATORIES LTD 0.19% SUN PHARMACEUTICALS INDUSTRIES LTD 0.17% Power 0.16% POWER GRID CORPORATION OF INDIA LTD 0.16% Software 3.50% INFOSYS LTD 2.20% TATA CONSULTANCY SERVICES LTD 1.30% Equity Holdings Total 14.48% Rating CORPORATE BOND SECURITY Corporate Bond PUNJ LLOYD LTD CARE A 4.04% Corporate Bond Total 4.04% Floating Rate Note MAGMA FINCORP LTD CARE AA+ 26.04% Floating Rate Note Total 26.04% CORPORATE BOND SECURITY Total 30.08% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A1+ 28.69% VIJAYA BANK CARE A1+ 9.98% BANK OF MAHARASHTRA CRISIL A1+ 9.55% Certificate of Deposit Total 48.22% Commercial Paper RURAL ELECTRIFICATION CORPORATION LTD CRISIL A1+ 4.04% Commercial Paper Total 4.04% MONEY MARKET INSTRUMENTS Total 52.26% CBLO / REPO 1.58% NET RECEIVALBES/(PAYABLES) 1.61% 3.19% 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 February, 2013

LIC NOMURA MF CHILDREN'S FUND Scheme Type: Balanced Launch Date: September 26, 2001 AUM as on 31/01/2013: INR 4.93 Cr Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on January 31, 2013 EXPENSE RATIO : 2.19% ANNUAL TURNOVER RATIO : 0.69 times METRICS Growth 10.3581 Direct Growth 10.3595 Quantitative Indicators - Debt Component Average Maturity Duration Standard Deviation 1.18% Sharpe Ratio 0.00 Portfolio Beta 1.14 R squared 0.11 ANALYSIS : SECTOR WISE 71 days 0.11 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 11.11% MAHINDRA & MAHINDRA LTD 7.22% TATA MOTORS LTD 3.02% MARUTI SUZUKI INDIA LTD 0.48% BAJAJ AUTO LTD 0.21% HERO MOTOCORP LTD 0.18% Banks 12.45% HDFC BANK LTD 6.54% AXIS BANK LTD 3.06% ICICI BANK LTD 2.42% ANDHRA BANK 0.23% KOTAK MAHINDRA BANK LTD 0.21% Cement 2.60% AMBUJA CEMENTS LTD 1.66% ULTRATECH CEMENT LTD 0.39% GRASIM INDUSTRIES LTD 0.37% ACC LTD 0.19% Construction Project 0.79% LARSEN & TOUBRO LTD 0.79% Consumer Non Durables 6.68% ITC LTD 4.30% HINDUSTAN UNILEVER LTD 1.92% ASIAN PAINTS LTD 0.46% Finance 3.56% HOUSING DEVELOPMENT FINANCE CORPORATION 3.35% INFRASTRUCTURE DEVELOPMENT FINANCE 0.21% Industrial Capital Goods 0.17% SIEMENS LTD 0.17% Non - Ferrous Metals 2.36% HINDALCO INDUSTRIES LTD 2.36% Oil 0.46% CAIRN INDIA LTD 0.46% Pharmaceuticals 2.63% CIPLA LTD 1.07% LUPIN LTD 0.61% DR. REDDY'S LABORATORIES LTD 0.39% SUN PHARMACEUTICALS INDUSTRIES LTD 0.38% RANBAXY LABORATORIES LTD 0.18% Power 0.18% POWER GRID CORPORATION OF INDIA LTD 0.18% Software 8.77% INFOSYS LTD 4.67% TATA CONSULTANCY SERVICES LTD 3.48% HCL TECHNOLOGIES LTD 0.42% WIPRO LTD 0.21% Telecom - Services 0.21% BHARTI AIRTEL LTD 0.21% Equity Holdings Total 51.96% Rating CORPORATE BOND SECURITY Corporate Bond PUNJ LLOYD LTD CARE A 18.87% SHRIRAM TRANSPORT FINANCE COMPANY LTD FITCH AA 11.07% Corporate Bond Total 29.94% CORPORATE BOND SECURITY Total 29.94% MUTUAL FUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR 16.78% Mutual Fund Units Total 16.78% MUTUAL FUND Total 16.78% CBLO / REPO 1.44% NET RECEIVALBES/(PAYABLES) -0.12% 1.32% 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 31/01/2013: INR 61.69 Cr Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mr. Surendra Jalani as on January 31, 2013 Growth 20.2666 Dividend - Monthly 10.3274 Dividend - Quarterly 10.5348 Dividend - Yearly 11.0335 Direct Growth 20.2653 Direct Dividend - Monthly Direct Dividend - Quarterly 10.5345 Direct Dividend - Yearly 11.0332 EXPENSE RATIO : 1.38% ANNUAL TURNOVER RATIO : 1.89 times METRICS Quantitative Indicators - Debt Component Average Maturity 172 days Duration 0.43 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 1.27% MAHINDRA & MAHINDRA LTD 1.15% TATA MOTORS LTD 0.08% MARUTI SUZUKI INDIA LTD 0.04% Banks 1.22% HDFC BANK LTD 1.04% ICICI BANK LTD 0.17% Cement 0.32% AMBUJA CEMENTS LTD 0.17% GRASIM INDUSTRIES LTD 0.15% Construction Project 1.75% LARSEN & TOUBRO LTD 1.75% Consumer Non Durables 0.30% ASIAN PAINTS LTD 0.15% ITC LTD 0.09% HINDUSTAN UNILEVER LTD 0.06% Finance 1.57% INFRASTRUCTURE DEVELOPMENT FINANCE 1.38% HOUSING DEVELOPMENT FINANCE CORPORATION 0.19% Non - Ferrous Metals 0.85% HINDALCO INDUSTRIES LTD 0.85% Oil 0.04% CAIRN INDIA LTD 0.04% Petroleum Products 0.36% RELIANCE INDUSTRIES LTD 0.36% Pharmaceuticals 1.93% CIPLA LTD 0.79% BIOCON LTD 0.48% RANBAXY LABORATORIES LTD 0.36% DR. REDDY'S LABORATORIES LTD 0.16% SUN PHARMACEUTICALS INDUSTRIES LTD 0.14% Power 0.09% POWER GRID CORPORATION OF INDIA LTD 0.09% Software 0.36% INFOSYS LTD 0.18% TATA CONSULTANCY SERVICES LTD 0.17% Equity Holdings Total 10.04% Rating CORPORATE BOND SECURITY Floating Rate Note MAGMA FINCORP LTD CARE AA+ 25.49% Floating Rate Note Total 25.49% CORPORATE BOND SECURITY Total 25.49% MUTUAL FUND Mutual Fund Units LIC NOMURA MF LIQUID FUND-DIRECT PLAN-GR 1.00% Mutual Fund Units Total 1.00% MUTUAL FUND Total 1.00% MONEY MARKET INSTRUMENTS Certificate of Deposit ICICI BANK LTD CARE A1+ 30.72% BANK OF MAHARASHTRA CRISIL A1+ 23.00% THE JAMMU & KASHMIR BANK LTD CRISIL A1+ 7.98% Certificate of Deposit Total 61.70% MONEY MARKET INSTRUMENTS Total 61.70% CBLO / REPO 0.96% NET RECEIVALBES/(PAYABLES) 0.82% 1.78% 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 February, 2013

LIC NOMURA MF EQUITY FUND Scheme Type: Equity - Diversified Launch Date: April 16, 1998 AUM as on 31/01/2013: INR 71.26 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima As on January 31, 2013 EXPENSE RATIO : 1.82% ANNUAL TURNOVER RATIO : 0.29 times Growth 27.6597 Dividend 10.9003 Direct Growth 27.6651 Direct Dividend 10.9048 Standard Deviation 1.63 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 7.15% TATA MOTORS LTD 5.31% MAHINDRA & MAHINDRA LTD 1.85% Banks 25.70% ICICI BANK LTD 7.86% HDFC BANK LTD 6.05% STATE BANK OF INDIA 4.45% CANARA BANK 2.79% AXIS BANK LTD 2.56% BANK OF INDIA 2.00% Construction Project 6.17% LARSEN & TOUBRO LTD 6.17% Consumer Non Durables 14.42% ITC LTD 8.00% HINDUSTAN UNILEVER LTD 2.67% COLGATE PALMOLIVE (INDIA) LTD 2.24% VST INDUSTRIES LTD 1.51% Ferrous Metals 2.70% TATA STEEL LTD 2.70% Finance 4.02% HOUSING DEVELOPMENT FINANCE CORPORATION 2.57% POWER FINANCE CORPORATION LTD 1.46% Minerals/Mining 1.99% COAL INDIA LTD 1.99% Non - Ferrous Metals 1.25% HINDALCO INDUSTRIES LTD 1.25% Oil 6.37% OIL & NATURAL GAS CORPORATION LTD 4.40% CAIRN INDIA LTD 1.97% Petroleum Products 5.19% RELIANCE INDUSTRIES LTD 5.19% Pharmaceuticals 1.64% CIPLA LTD 0.86% SUN PHARMACEUTICALS INDUSTRIES LTD 0.79% Power 1.92% POWER GRID CORPORATION OF INDIA LTD 1.92% Software 15.30% INFOSYS LTD 8.06% WIPRO LTD 2.83% TATA CONSULTANCY SERVICES LTD 2.75% HCL TECHNOLOGIES LTD 1.65% Telecom - Services 4.14% BHARTI AIRTEL LTD 4.14% Equity Holdings Total 97.97% CBLO / REPO 2.64% NET RECEIVALBES/(PAYABLES) -0.61% 2.03% 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 31/01/2013: INR 86.31 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima As on January 31, 2013 EXPENSE RATIO : 1.85% ANNUAL TURNOVER RATIO: 0.38 times Growth 13.4495 Dividend 11.9273 Direct Growth 13.4549 Direct Dividend 11.8926 Standard Deviation 1.61 Sharpe Ratio 0.04 Portfolio Beta 0.86 R squared 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 7.11% TATA MOTORS LTD 5.09% MAHINDRA & MAHINDRA LTD 2.02% Auto Ancillaries 1.08% APOLLO TYRES LTD 1.08% Banks 25.18% ICICI BANK LTD 7.43% HDFC BANK LTD 5.19% STATE BANK OF INDIA 5.15% CANARA BANK 2.97% AXIS BANK LTD 2.37% BANK OF INDIA 2.07% CONSTRUCTION PROJECT 6.74% LARSEN & TOUBRO LTD 6.74% Consumer Non Durables 11.26% ITC LTD 6.73% HINDUSTAN UNILEVER LTD 4.01% ASIAN PAINTS LTD 0.52% Ferrous Metals 2.40% TATA STEEL LTD 2.40% Finance 3.73% HOUSING DEVELOPMENT FINANCE CORPORATION 2.11% POWER FINANCE CORPORATION LTD 1.62% Gas 3.49% PETRONET LNG LTD 2.42% INDRAPRASTHA GAS LTD 1.07% Industrial Products 0.92% BHARAT FORGE LTD 0.92% Media & Entertainment 1.10% D.B.CORP LTD 1.10% Minerals/Mining 4.41% COAL INDIA LTD 2.83% GUJARAT MINERAL DEVELOPMENT CORP LTD 1.58% Oil 5.33% OIL & NATURAL GAS CORPORATION LTD 3.33% CAIRN INDIA LTD 2.01% Petroleum Products 2.51% RELIANCE INDUSTRIES LTD 2.51% Pharmaceuticals 3.54% LUPIN LTD 1.13% SUN PHARMACEUTICALS INDUSTRIES LTD 1.00% CIPLA LTD 0.80% DR. REDDY'S LABORATORIES LTD 0.60% Power 2.94% POWER GRID CORPORATION OF INDIA LTD 1.84% NTPC LTD 1.10% Software 12.32% INFOSYS LTD 6.51% HCL TECHNOLOGIES LTD 3.05% WIPRO LTD 1.91% TATA CONSULTANCY SERVICES LTD 0.86% Telecom - Services 4.13% BHARTI AIRTEL LTD 4.13% Equity Holdings Total 98.19% CBLO / REPO 2.43% NET RECEIVALBES/(PAYABLES) -0.62% 1.81% 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 February, 2013

LIC NOMURA MF TAX PLAN Scheme Type: Equity Linked Savings Scheme Launch Date: April 17, 2000 AUM as on 31/01/2013: INR 32.97 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 January 31, 2013 Growth 30.4927 Dividend 10.9175 Direct Growth 30.5204 Direct Dividend 10.9255 EXPENSE RATIO : 2.21% ANNUAL TURNOVER RATIO: 0.16 times Standard Deviation 1.94% 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 8.13% TATA MOTORS LTD 3.89% MAHINDRA & MAHINDRA LTD 2.48% MARUTI SUZUKI INDIA LTD 1.15% BAJAJ AUTO LTD 0.61% Auto Ancillaries 1.50% MRF LTD 1.50% Banks 25.94% ICICI BANK LTD 7.80% STATE BANK OF INDIA 6.17% HDFC BANK LTD 5.33% AXIS BANK LTD 1.93% CANARA BANK 1.91% KOTAK MAHINDRA BANK LTD 1.77% BANK OF INDIA 1.03% Construction Project 4.99% LARSEN & TOUBRO LTD 4.72% VOLTAS LTD 0.27% Consumer Non Durables 10.75% ITC LTD 8.10% HINDUSTAN UNILEVER LTD 1.73% VST INDUSTRIES LTD 0.92% Ferrous Metals 3.07% TATA STEEL LTD 3.07% Finance 4.72% HOUSING DEVELOPMENT FINANCE CORPORATION 3.07% RURAL ELECTRIFICATION CORPORATION LTD 0.88% INFRASTRUCTURE DEVELOPMENT FINANCE 0.77% Gas 2.08% GAIL (INDIA) LTD 1.50% PETRONET LNG LTD 0.58% Media & Entertainment 1.09% D.B.CORP LTD 1.09% Minerals/Mining 3.39% COAL INDIA LTD 1.93% GUJARAT MINERAL DEVELOPMENT CORP LTD 0.99% NMDC LTD 0.47% Oil 5.11% OIL & NATURAL GAS CORPORATION LTD 3.14% CAIRN INDIA LTD 1.97% Petroleum Products 5.38% RELIANCE INDUSTRIES LTD 5.38% Pharmaceuticals 4.35% DR. REDDY'S LABORATORIES LTD 1.74% CIPLA LTD 1.08% SUN PHARMACEUTICALS INDUSTRIES LTD 0.98% RANBAXY LABORATORIES LTD 0.54% Power 0.88% POWER GRID CORPORATION OF INDIA LTD 0.88% Software 12.71% INFOSYS LTD 7.95% TATA CONSULTANCY SERVICES LTD 3.26% WIPRO LTD 1.00% HCL TECHNOLOGIES LTD 0.50% Telecom - Services 3.19% BHARTI AIRTEL LTD 3.19% Transportation 0.98% CONTAINER CORPORATION OF INDIA LTD 0.57% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 0.41% Equity Holdings Total 98.27% CBLO / REPO 2.01% NET RECEIVALBES/(PAYABLES) -0.28% 1.73% 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 31/01/2013: INR 17.86 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on January 31, 2013 EXPENSE RATIO : 1.49% ANNUAL TURNOVER RATIO : 0.03 times Growth 37.3882 Dividend 12.8145 Direct Growth 37.4031 Direct Dividend 12.8205 Tracking error 0.41% Standard Deviation 1.59% Sharpe Ratio 0.03 Portfolio Beta 0.94 R squared 0.96 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 9.71% TATA MOTORS LTD 3.25% MAHINDRA & MAHINDRA LTD 2.40% BAJAJ AUTO LTD 1.70% MARUTI SUZUKI INDIA LTD 1.31% HERO MOTOCORP LTD 1.05% Banks 18.83% ICICI BANK LTD 7.97% HDFC BANK LTD 7.05% STATE BANK OF INDIA 3.81% Construction Project 4.98% LARSEN & TOUBRO LTD 4.98% Consumer Non Durables 12.64% ITC LTD 9.66% HINDUSTAN UNILEVER LTD 2.97% Ferrous Metals 2.61% TATA STEEL LTD 1.60% JINDAL STEEL & POWER LTD 1.02% Finance 7.00% HOUSING DEVELOPMENT FINANCE CORPORATION 7.00% Gas 1.03% GAIL (INDIA) LTD 1.03% Industrial Capital Goods 1.13% BHARAT HEAVY ELECTRICALS LTD 1.13% Minerals/Mining 1.30% COAL INDIA LTD 1.30% Non - Ferrous Metals 1.89% STERLITE INDUSTRIES ( INDIA ) LTD 1.00% HINDALCO INDUSTRIES LTD 0.89% Oil 4.22% OIL & NATURAL GAS CORPORATION LTD 4.22% Petroleum Products 9.14% RELIANCE INDUSTRIES LTD 9.14% Pharmaceuticals 4.35% SUN PHARMACEUTICALS INDUSTRIES LTD 1.73% DR. REDDY'S LABORATORIES LTD 1.40% CIPLA LTD 1.23% Power 2.46% NTPC LTD 1.49% TATA POWER COMPANY LTD 0.97% Software 14.02% INFOSYS LTD 7.94% TATA CONSULTANCY SERVICES LTD 4.59% WIPRO LTD 1.49% Telecom - Services 2.62% BHARTI AIRTEL LTD 2.62% Equity Holdings Total 97.93% CBLO / REPO 2.51% NET RECEIVALBES/(PAYABLES) -0.44% 2.07% 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 February, 2013

LIC NOMURA MF INDEX FUND - NIFTY PLAN Scheme Type: Equity - Index Launch Date: November 15, 2002 AUM as on 31/01/2013: INR 36.06 Cr Benchmark: S&P CNX Nifty Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on January 31, 2013 EXPENSE RATIO : 1.37% ANNUAL TURNOVER RATIO : 0.26 times Growth 33.5593 Dividend 12.3792 Direct Growth 33.5731 Direct Dividend 12.3795 Tracking error 0.71% Standard Deviation 1.56% 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 8.22% TATA MOTORS LTD 2.72% MAHINDRA & MAHINDRA LTD 2.11% BAJAJ AUTO LTD 1.41% MARUTI SUZUKI INDIA LTD 1.08% HERO MOTOCORP LTD 0.90% Banks 21.04% ICICI BANK LTD 7.11% HDFC BANK LTD 6.04% STATE BANK OF INDIA 3.25% AXIS BANK LTD 1.93% KOTAK MAHINDRA BANK LTD 1.31% BANK OF BARODA 0.76% PUNJAB NATIONAL BANK 0.64% Cement 3.90% GRASIM INDUSTRIES LTD 0.99% ULTRATECH CEMENT LTD 0.96% AMBUJA CEMENTS LTD 0.80% ACC LTD 0.64% JAIPRAKASH ASSOCIATES LTD 0.52% Construction 0.53% DLF LTD 0.53% Construction Project 4.30% LARSEN & TOUBRO LTD 4.30% Consumer Non Durables 12.21% ITC LTD 8.64% HINDUSTAN UNILEVER LTD 2.52% ASIAN PAINTS LTD 1.05% Ferrous Metals 2.23% TATA STEEL LTD 1.40% JINDAL STEEL & POWER LTD 0.83% Finance 7.31% HOUSING DEVELOPMENT FINANCE CORPORATION 6.25% INFRASTRUCTURE DEVELOPMENT FINANCE 1.07% Gas 0.80% GAIL (INDIA) LTD 0.80% Industrial Capital Goods 1.23% BHARAT HEAVY ELECTRICALS LTD 0.93% SIEMENS LTD 0.30% Minerals/Mining 1.53% COAL INDIA LTD 1.16% SESA GOA LTD 0.37% Non - Ferrous Metals 0.77% HINDALCO INDUSTRIES LTD 0.77% Oil 3.99% OIL & NATURAL GAS CORPORATION LTD 3.11% CAIRN INDIA LTD 0.88% Petroleum Products 8.13% RELIANCE INDUSTRIES LTD 7.58% BHARAT PETROLEUM CORPORATION LTD 0.55% Pharmaceuticals 4.82% SUN PHARMACEUTICALS INDUSTRIES LTD 1.40% DR. REDDY'S LABORATORIES LTD 1.25% CIPLA LTD 1.07% LUPIN LTD 0.74% RANBAXY LABORATORIES LTD 0.36% Power 3.05% NTPC LTD 1.04% TATA POWER COMPANY LTD 0.84% POWER GRID CORPORATION OF INDIA LTD 0.81% RELIANCE INFRASTRUCTURE LTD 0.36% Software 12.51% INFOSYS LTD 6.96% TATA CONSULTANCY SERVICES LTD 3.54% WIPRO LTD 1.10% HCL TECHNOLOGIES LTD 0.91% Telecom - Services 2.10% BHARTI AIRTEL LTD 2.10% Equity Holdings Total 98.68% CBLO / REPO 2.18% NET RECEIVALBES/(PAYABLES) -0.86% 1.32% 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 31/01/2013: INR 3.84 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on January 01, 2013 EXPENSE RATIO : 1.49% ANNUAL TURNOVER RATIO : 0.06 times Growth 35.0689 Dividend 12.4054 Direct Growth 35.0467 Direct Dividend 12.4110 Tracking error 0.52% Standard Deviation 1.46% 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 8.01% TATA MOTORS LTD 2.54% MAHINDRA & MAHINDRA LTD 2.01% BAJAJ AUTO LTD 1.44% MARUTI SUZUKI INDIA LTD 1.12% HERO MOTOCORP LTD 0.90% Banks 20.82% ICICI BANK LTD 6.43% HDFC BANK LTD 5.63% STATE BANK OF INDIA 3.08% KOTAK MAHINDRA BANK LTD 2.54% BANK OF BARODA 1.65% AXIS BANK LTD 1.49% Cement 1.51% AMBUJA CEMENTS LTD 1.51% Construction Project 4.19% LARSEN & TOUBRO LTD 4.19% Consumer Non Durables 10.26% ITC LTD 7.75% HINDUSTAN UNILEVER LTD 2.51% Ferrous Metals 2.22% TATA STEEL LTD 1.35% JINDAL STEEL & POWER LTD 0.87% Finance 6.62% HOUSING DEVELOPMENT FINANCE CORPORATION 5.53% INFRASTRUCTURE DEVELOPMENT FINANCE 1.09% Gas 2.29% PETRONET LNG LTD 1.43% GAIL (INDIA) LTD 0.85% Industrial Capital Goods 0.84% BHARAT HEAVY ELECTRICALS LTD 0.84% Minerals/Mining 1.10% COAL INDIA LTD 1.10% Non - Ferrous Metals 1.61% STERLITE INDUSTRIES ( INDIA ) LTD 0.85% HINDALCO INDUSTRIES LTD 0.76% Oil 3.18% OIL & NATURAL GAS CORPORATION LTD 3.18% Petroleum Products 7.29% RELIANCE INDUSTRIES LTD 7.29% Pharmaceuticals 5.06% LUPIN LTD 1.65% SUN PHARMACEUTICALS INDUSTRIES LTD 1.46% CIPLA LTD 1.04% DR. REDDY'S LABORATORIES LTD 0.91% Power 2.09% NTPC LTD 1.27% TATA POWER COMPANY LTD 0.83% Software 13.87% INFOSYS LTD 6.38% TATA CONSULTANCY SERVICES LTD 3.66% HCL TECHNOLOGIES LTD 2.58% WIPRO LTD 1.24% Telecom - Services 2.22% BHARTI AIRTEL LTD 2.22% Equity Holdings Total 93.15% CBLO / REPO 4.56% NET RECEIVALBES/(PAYABLES) 2.28% 6.85% 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 February, 2013

LIC NOMURA MF OPPORTUNITIES FUND Scheme Type: Equity - Diversified Launch Date: January 31, 2005 AUM as on 31/01/2013: INR 29.50 Cr Benchmark: BSE 200 Minimum Investment: Rs. 5000/- Name: Shri Nobutaka Kitajima as on January 31, 2013 EXPENSE RATIO : 2.20% ANNUAL TURNOVER RATIO : 0.05 times Growth 18.9617 Dividend 10.7912 Direct Growth 18.9645 Direct Dividend 10.7945 Standard Deviation 1.61% 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 11.27% TATA MOTORS LTD 5.15% MAHINDRA & MAHINDRA LTD 3.19% MARUTI SUZUKI INDIA LTD 1.89% BAJAJ AUTO LTD 1.03% Banks 25.03% ICICI BANK LTD 8.48% HDFC BANK LTD 6.42% STATE BANK OF INDIA 3.88% AXIS BANK LTD 2.03% KOTAK MAHINDRA BANK LTD 1.96% BANK OF BARODA 1.38% YES BANK LTD 0.88% Construction Project 5.17% LARSEN & TOUBRO LTD 5.17% Consumer Non Durables 12.64% ITC LTD 8.86% HINDUSTAN UNILEVER LTD 1.93% GODREJ CONSUMER PRODUCTS LTD 0.97% NESTLE INDIA LTD 0.58% ASIAN PAINTS LTD 0.31% Ferrous Metals 1.96% TATA STEEL LTD 1.96% Finance 6.72% HOUSING DEVELOPMENT FINANCE CORPORATION 6.72% Gas 0.62% PETRONET LNG LTD 0.62% Minerals/Mining 2.06% COAL INDIA LTD 2.06% Oil 1.85% OIL & NATURAL GAS CORPORATION LTD 1.85% Petroleum Products 7.81% RELIANCE INDUSTRIES LTD 7.81% Pharmaceuticals 4.80% DR. REDDY'S LABORATORIES LTD 2.92% CIPLA LTD 0.83% RANBAXY LABORATORIES LTD 0.76% SUN PHARMACEUTICALS INDUSTRIES LTD 0.29% Power 2.24% POWER GRID CORPORATION OF INDIA LTD 2.24% Software 13.18% INFOSYS LTD 7.09% TATA CONSULTANCY SERVICES LTD 3.14% HCL TECHNOLOGIES LTD 1.63% WIPRO LTD 1.31% Telecom - Services 2.59% BHARTI AIRTEL LTD 2.59% Equity Holdings Total 97.95% CBLO / REPO 2.09% NET RECEIVALBES/(PAYABLES) -0.04% 2.05% 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 31/01/2013: INR 41.40 Cr Benchmark: BSE 200 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on January 31, 2013 EXPENSE RATIO : 2.50% ANNUAL TURNOVER RATIO : 0.17 times Growth 9.2307 Dividend 9.2299 Direct Growth 9.2330 Direct Dividend 9.2313 Standard Deviation 1.64% 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 6.88% TATA MOTORS LTD 3.53% MAHINDRA & MAHINDRA LTD 3.01% BAJAJ AUTO LTD 0.34% Auto Ancillaries 2.31% MRF LTD 1.27% APOLLO TYRES LTD 1.04% Banks 20.49% ICICI BANK LTD 6.62% STATE BANK OF INDIA 3.53% AXIS BANK LTD 2.91% HDFC BANK LTD 1.94% IDBI BANK LTD 1.56% YES BANK LTD 1.53% BANK OF BARODA 1.26% KOTAK MAHINDRA BANK LTD 1.15% Construction Project 7.05% LARSEN & TOUBRO LTD 5.26% VOLTAS LTD 0.94% SADBHAV ENGINEERING LTD 0.85% Consumer Non Durables 12.64% ITC LTD 4.61% GODREJ CONSUMER PRODUCTS LTD 1.89% NESTLE INDIA LTD 1.54% TATA GLOBAL BEVERAGES LTD 1.43% HINDUSTAN UNILEVER LTD 1.14% ASIAN PAINTS LTD 1.09% VST INDUSTRIES LTD 0.95% Ferrous Metals 2.44% TATA STEEL LTD 2.44% Finance 5.32% INFRASTRUCTURE DEVELOPMENT FINANCE 2.66% HOUSING DEVELOPMENT FINANCE CORPORATION 2.66% Gas 2.66% PETRONET LNG LTD 1.50% GAIL (INDIA) LTD 1.16% Industrial Capital Goods 0.51% NITIN FIRE PROTECTION INDUSTRIES LTD 0.51% Industrial Products 1.06% CUMMINS INDIA LTD 1.06% Minerals/Mining 2.60% GUJARAT MINERAL DEVELOPMENT CORP LTD 1.57% COAL INDIA LTD 1.02% Non - Ferrous Metals 1.18% HINDALCO INDUSTRIES LTD 1.18% Oil 4.10% OIL & NATURAL GAS CORPORATION LTD 4.10% Petroleum Products 3.00% RELIANCE INDUSTRIES LTD 3.00% Pharmaceuticals 7.06% SUN PHARMACEUTICALS INDUSTRIES LTD 4.28% LUPIN LTD 1.78% RANBAXY LABORATORIES LTD 1.00% Power 2.86% PTC INDIA LTD 2.86% Software 10.57% INFOSYS LTD 5.86% TATA CONSULTANCY SERVICES LTD 2.97% HCL TECHNOLOGIES LTD 1.74% Telecom - Services 4.14% BHARTI AIRTEL LTD 2.94% IDEA CELLULAR LTD 1.20% Transportation 0.99% CONTAINER CORPORATION OF INDIA LTD 0.99% Equity Holdings Total 97.90% CBLO / REPO 1.86% NET RECEIVALBES/(PAYABLES) 0.24% 2.10% 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 February, 2013

LIC NOMURA MF SYSTEMATIC FUND Scheme Type: Equity - Diversified Launch Date: August 16, 2007 AUM as on 31/01/2013: INR 44.11 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on January 31, 2013 EXPENSE RATIO : 2.33% Growth 10.4480 Dividend 10.4503 Direct Growth 10.4486 Direct Dividend 10.4523 ANNUAL TURNOVER RATIO : 0.10 times The investment objective of the scheme is to achieve a long term growth by investing systematically in the Equity / Equity related instruments. Auto 9.81% TATA MOTORS LTD 5.80% MAHINDRA & MAHINDRA LTD 4.01% Banks 23.79% HDFC BANK LTD 8.83% ICICI BANK LTD 6.02% STATE BANK OF INDIA 5.53% AXIS BANK LTD 3.41% Construction Project 6.99% LARSEN & TOUBRO LTD 6.99% Consumer Non Durables 11.58% ITC LTD 8.83% HINDUSTAN UNILEVER LTD 2.75% Ferrous Metals 3.21% TATA STEEL LTD 3.21% Finance 10.58% HOUSING DEVELOPMENT FINANCE CORPORATION 7.58% INFRASTRUCTURE DEVELOPMENT FINANCE 3.00% Gas 1.24% GAIL (INDIA) LTD 1.24% Minerals/Mining 2.09% COAL INDIA LTD 2.09% Oil 2.31% OIL & NATURAL GAS CORPORATION LTD 2.31% Petroleum Products 7.64% RELIANCE INDUSTRIES LTD 7.64% Pharmaceuticals 2.98% CIPLA LTD 2.12% SUN PHARMACEUTICALS INDUSTRIES LTD 0.55% DR. REDDY'S LABORATORIES LTD 0.30% Software 12.56% INFOSYS LTD 8.63% TATA CONSULTANCY SERVICES LTD 3.93% Telecom - Services 3.39% BHARTI AIRTEL LTD 3.39% Equity Holdings Total 98.18% CBLO / REPO 1.90% NET RECEIVALBES/(PAYABLES) -0.08% 1.82% Standard Deviation 0.98% Sharpe Ratio 0.00 Portfolio Beta 0.69 R squared 0.08 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 31/01/2013: INR 195.73 Cr Benchmark: CNX 100 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on January 31, 2013 EXPENSE RATIO : 2.36% ANNUAL TURNOVER RATIO : 0.03 times Growth 8.3944 Dividend 8.3941 Direct Growth 8.3962 Direct Dividend 8.4023 Standard Deviation 1.54% Sharpe Ratio -0.71 Portfolio Beta 0.74 R squared 0.87 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 9.43% TATA MOTORS LTD 5.18% MAHINDRA & MAHINDRA LTD 3.74% BAJAJ AUTO LTD 0.52% Banks 23.83% HDFC BANK LTD 6.33% ICICI BANK LTD 4.93% STATE BANK OF INDIA 4.17% AXIS BANK LTD 3.76% BANK OF BARODA 2.87% KOTAK MAHINDRA BANK LTD 1.14% IDBI BANK LTD 0.63% Construction Project 6.10% LARSEN & TOUBRO LTD 6.10% Consumer Non Durables 11.08% ITC LTD 7.08% HINDUSTAN UNILEVER LTD 3.75% ASIAN PAINTS LTD 0.25% Ferrous Metals 2.96% TATA STEEL LTD 2.96% Finance 11.26% HOUSING DEVELOPMENT FINANCE CORPORATION 6.35% INFRASTRUCTURE DEVELOPMENT FINANCE 3.29% POWER FINANCE CORPORATION LTD 1.62% Gas 1.84% GAIL (INDIA) LTD 1.84% Oil 2.51% OIL & NATURAL GAS CORPORATION LTD 2.51% Petroleum Products 6.64% Reliance Industries Ltd 6.64% Pharmaceuticals 5.95% SUN PHARMACEUTICALS INDUSTRIES LTD 3.19% LUPIN LTD 2.16% CIPLA LTD 0.35% DR. REDDY'S LABORATORIES LTD 0.24% Power 1.08% POWER GRID CORPORATION OF INDIA LTD 1.08% Software 13.26% INFOSYS LTD 7.23% TATA CONSULTANCY SERVICES LTD 3.23% HCL TECHNOLOGIES LTD 1.65% WIPRO LTD 1.16% Telecom - Services 1.55% BHARTI AIRTEL LTD 0.86% IDEA CELLULAR LTD 0.69% Transportation 0.55% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 0.55% Equity Holdings Total 98.05% CBLO / REPO 2.59% NET RECEIVALBES/(PAYABLES) -0.63% 1.95% ANALYSIS : SECTOR WISE 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 February, 2013

LIC NOMURA MF INFRASTRUCTURE FUND Scheme Type: Equity - Diversified Launch Date: January 31, 2008 AUM as on 31/01/2013: INR 90.74 Cr Benchmark: BSE 100 Minimum Investment: Rs. 2000/- Name: Shri Nobutaka Kitajima as on January 31, 2013 EXPENSE RATIO : 2.46% ANNUAL TURNOVER RATIO : 0.11 times Growth 8.3463 Dividend 8.3463 Direct Growth 8.3462 Direct Dividend 8.3552 Standard Deviation 1.70% 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 11.78% MAHINDRA & MAHINDRA LTD 5.49% TATA MOTORS LTD 5.42% MARUTI SUZUKI INDIA LTD 0.87% Banks 22.88% ICICI BANK LTD 7.88% HDFC BANK LTD 7.44% AXIS BANK LTD 3.55% KOTAK MAHINDRA BANK LTD 1.87% STATE BANK OF INDIA 1.75% IDBI BANK LTD 0.40% Cement 0.41% AMBUJA CEMENTS LTD 0.22% ACC LTD 0.18% Construction Project 11.96% LARSEN & TOUBRO LTD 10.14% VOLTAS LTD 0.94% SADBHAV ENGINEERING LTD 0.88% Consumer Non Durables 3.47% ASIAN PAINTS LTD 3.47% Ferrous Metals 4.42% TATA STEEL LTD 3.12% JINDAL STEEL & POWER LTD 0.85% STEEL AUTHORITY OF INDIA LTD 0.45% Finance 11.54% HOUSING DEVELOPMENT FINANCE CORPORATION 7.72% INFRASTRUCTURE DEVELOPMENT FINANCE 1.64% POWER FINANCE CORPORATION LTD 1.19% SHRIRAM TRANSPORT FINANCE COMPANY LTD 0.98% Gas 1.55% GAIL (INDIA) LTD 0.85% INDRAPRASTHA GAS LTD 0.71% Industrial Capital Goods 1.03% BHARAT HEAVY ELECTRICALS LTD 1.03% Industrial Products 1.04% BHARAT FORGE LTD 0.81% SINTEX INDUSTRIES LTD 0.23% Minerals/Mining 1.74% GUJARAT MINERAL DEVELOPMENT CORP LTD 0.97% NMDC LTD 0.77% Non - Ferrous Metals 1.28% HINDALCO INDUSTRIES LTD 1.28% Oil 5.23% OIL & NATURAL GAS CORPORATION LTD 5.23% Petroleum Products 10.09% RELIANCE INDUSTRIES LTD 9.68% INDIAN OIL CORPORATION LTD 0.41% Power 3.27% TATA POWER COMPANY LTD 2.23% NTPC LTD 1.04% Telecom - Services 3.39% BHARTI AIRTEL LTD 2.84% IDEA CELLULAR LTD 0.55% Transportation 2.69% ADANI PORTS & SPECIAL ECONOMIC ZONE LTD 1.46% CONTAINER CORPORATION OF INDIA LTD 1.23% Equity Holdings Total 97.76% CBLO / REPO 1.79% NET RECEIVALBES/(PAYABLES) 0.45% 2.24% 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 (Rs.) (Rs.) Gross Dividend (Rs.)/unit Daily November, 2012 0.0725 December, 2012 0.0767 January, 2013 0.0759 DIVIDEND HISTORY OF LIC NOMURA MF SAVINGS PLUS FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily November, 2012 0.0537 December, 2012 0.0647 January, 2013 0.0630 Weekly November, 2012 0.0430 December, 2012 0.0838 January, 2013 0.0570 Monthly November, 2012 0.0500 December, 2012 0.1633 January, 2013 0.0558 DIVIDEND HISTORY OF LIC NOMURA MF FLOATER MIP Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly November 29, 2012 10.0000 10.377 0.0500 December 26, 2012 10.0000 10.4313 0.0800 January 23, 2013 10.0000 10.3313 0.0500 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 March 09, 2010 10.0000 11.6384 1.5000 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 MONTHLY INCOME PLAN Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Monthly December 26, 2012 10.0000 10.4431 0.0900 January 23, 2013 10.0000 10.3992 0.0500 Quarterly October 03, 2012 10.0000 10.0522 0.2 December 27, 2012 10.0000 10.6765 0.2000 Yearly April 09, 2009 10.0000 10.1579 0.1400 March 09, 2010 10.0000 11.3475 1.3000 June 14, 2011 10.0000 10.5401 0.3500 DIVIDEND HISTORY OF LIC NOMURA MF INCOME PLUS FUND Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily November, 2012 0.0806 December, 2012 0.0652 January, 2013 0.0649 Weekly November, 2012 0.0505 December, 2012 0.0916 January, 2013 0.0722 Monthly November, 2012 0.0500 December, 2012 0.1792 January, 2013 10.0000 10.1077 0.0577 DIVIDEND HISTORY OF LIC NOMURA MF FLOATING RATE FUND - STP Frequency Record Date Face Value (Rs.) Nav (Rs.) Gross Dividend (Rs.)/unit Daily November, 2012 0.0534 December, 2012 0.0637 January, 2013 0.0627 Weekly November, 2012 0.0455 December, 2012 0.1056 January, 2013 0.0572 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 27, 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) 17.4420 LIC Nomura MF Equity Fund(G) 16.6384 LIC Nomura MF Index Fund-Sensex (G) 16.1080 Bottom 3 Scheme Name 1-year Return LIC Nomura MF Opportunities Fund(G) 14.5724 LIC Nomura MF SAAF(G) 14.2828 LIC Nomura MF Infra Fund(G) 9.0643 Fund Manager s Performance Fund Manager - Mr. Surendra Jalani Top Performance Scheme Name 1-year Return LIC Nomura MF Balanced Fund(G) 14.3624 LICMF ULIS 12.3536 LIC Nomura MF Children(G) 9.0137 Bottom Performance LIC Nomura MF Floater MIP(G) 8.2029 LIC Nomura MF MIP(G) 7.9911 Fund Manager - Mr. Y. D. Prasanna Top 3 Scheme Name 1-year Return LIC Nomura MF Annual-Inv-1-Reg(G) 10.0418 LIC Nomura MF Qtly-Inv-1-Reg(G) 9.5398 LIC Nomura MF Qtly-Inv-2-Reg(G) 9.4937 Bottom 3 Scheme Name 1-year Return LIC Nomura MF Savings Plus(G) 8.5195 LIC Nomura MF G-Sec-Reg(G) 8.2715 LIC Nomura MF FRF-STP(G) 8.2134 26 MUTUAL INTEREST February, 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.