Innovation MUTUAL INTEREST. When ideation and application come together

MUTUAL INTEREST November, 2011 Investment Managers: LIC Nomura Mutual Fund Asset Management Ltd. Innovation When ideation and application come together Risk Factors: Mutual Fund and Securities Investments are subject to market risks and there is no assurance and no guarantee that the objectives of the schemes will be achieved. As with any investment in securities, the of the units issued under the scheme can go up or down depending on the factors and forces affecting the capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performances of the schemes and may not necessarily provide a basis of comparison with other investments. The Sponsor is not responsible for or liable to any loss resulting from the operations of the scheme beyond their initial contribution of Rs.2 Cr towards the setting up of the Mutual Fund. Please read the Scheme Information Document, Statement of Additional Information carefully before investing. Statutory Details: Constitution: LIC Nomura Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. Trustee: LIC Nomura Mutual Fund Trustee Private Ltd. Investment Manager: LIC Nomura Mutual Fund Asset Management Ltd. World-class asset management laccess to global research lenhanced offerings of services & products

LIC Nomura MF Income Plus Fund now upgraded by FITCH AAAmfs(ind) 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. Please read the scheme information document carefully before investing. Risk Factors: Mutual Funds and Securities Investments are subject to market risks and there is no assurance and guarantee that the objectives of the Schemes will be achieved. As with any investment in securities, the of the units issued under the Schemes may go up or down depending on the various factors and forces affecting the capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Schemes and may not necessarily provide a basis of comparison with other investments. The Sponsor is not responsible for or liable to any loss resulting from the operations of the scheme beyond their initial contribution of Rs.2 Cr towards the setting up of the Mutual Fund. LIC NOMURA MF Income Plus Fund is the name of the scheme and does not indicate either the quality of the scheme, its future prospects or returns. The of the units of the scheme may be affected by changes in general level of interest rates. Investors should read the Scheme Information Document / Statement of Additional Information / Key Information Memorandum available at our Corporate Office / Area Offices / Business Centers, RTA, Distributors and Investor Service Centers carefully before investing. Statutory Details: Constitution: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. Trustee: LIC Mutual Fund Trustee Private Ltd. Investment Manager: LIC Mutual Fund Asset Management Ltd. Applicable Criteria is available on Fitch s website at www.fitchratings.com and www.fitchindia.com. All Fitch Credit Ratings are subject to certain Limitations and Disclaimers. Please read these Limitations and Disclaimers by following this link http://fitchratings.com/understandingcreditratings. 2 MUTUAL INTEREST November, 2011

MARKET REVIEW EQUITY MARKET REVIEW After a long gloomy atmosphere in the equity market during the first half of the year, October 2011 was a bit sunny. All the domestic as well as international major indices have seen an uptick during the month and Sensex and Nifty has gained around 7.6-7.8%. Shri Eiichi Oka CIO - Equity Shri V. Chandrasekaran CIO - Debt While all the sectors had positive movement during last month, Capital Goods has experienced least rise with 2.1% followed by Healthcare, Banking and Oil & Gas sectors with 4.6%, 5.6% and 5.8% rise respectively. sector has gained 11.5% followed by IT, Realty, Metals and FMCG. However, concerns over slow economic growth, high interest rates and high inflation remains. Core Sector growth during September 2011 had witnessed 2.35% YoY growth as against 3.68% during August 2011 and 7.78% during July 2011. The index of industrial production has grown by 4.1% during August 2011, a shade higher than revised July 2011 figure of 3.8%. Another 25 basis points increase in REPO rate by RBI in October 2011 during the Second Quarter Monetary Policy Review has made the cost of funds higher. The market is expecting this increase as the last one. RBI has revised down the GDP growth forecast to 7.6% while they expect the inflation should start declining by December 2011 and gradually will be stable at 7% by March 2012. The central bank has deregulated the Savings Bank Account interest rate. Government has increased the borrowing target during 2nd half of the year by `53000 Cr without changing the fiscal deficit numbers. The market is expecting the fiscal deficit to touch 5.5% of the GDP as against budgeted 4.6% on account of higher oil subsidy and lower tax revenue. After a long spell of being net sellers, FIIs have turned out to be net buyers during October 2011, buying net equity shares worth `1677.40 Cr. On the other hand domestic mutual funds continued to be net sellers. They sold net equity shares worth `361.70 Cr Outlook In October, due to the progress of discussions on the measures to address the European debt problems, there was a return of capital to risky assets. The European summit actually agreed the measures to resolve the problems, but the effective implementation of any plan seems to be challenging. The solutions will be perceived as painful, and thus downward pressure will remain on the economy. On the domestic front, inflation seems to have been sticky, but it is expected to peak out due to commodity price fall and the economic slowdown. It is likely to pave the way for RBI to shift the monetary policy stance. Valuations remain inexpensive relative to its history, so that the current market still seems to offer investment opportunity for long-term investment. DEBT MARKET REVIEW The Reserve Bank of India has been grappling with inflation for quite some time and the month of September 2011 was no different. Inflation for the month of September 2011 was at 9.72% compared to 9.78% for the month of August 2011.Against this backdrop, RBI continued with its anti inflationary stance and raised policy rates by 25 bps as on 25 October 2011. RBI increased the Repo rate by 25 bps to 8.50%. The reverse repo rate under the LAF, determined with a spread of 100 basis points below the repo rate, automatically stands at 7.50%. Further the RBI has also deregulated savings bank interest rates with immediate effect. Each bank will offer uniform rate on savings bank upto Rs 1 lakh. may provide differential rates on savings bank over ` 1 lakh. India's food inflation continued with its upward climb and was recorded at 11.43 percent for the week ended Oct 15 2011. The soaring food inflation comes even as the Reserve Bank of India (RBI) hiked key interest rates for the 13th straight time on 25 October 2011. The growth of Indian economy decelerated to 7.7 per cent in the April-June quarter of 2011-12 from 7.8 per cent in the previous quarter. Industrial growth, as measured by the index of industrial production, decelerated to 5.6 per cent during April-August 2011, down from 8.7 per cent in the corresponding period of last year. The below table gives RBI's policy rate hikes (in bps) at a glance: *The bracketed figures show Reverse repo and Repo in percentage term. issued 3-months CDs in the range of 9.20% -9.25% The 10-year bond (7.80% GS 2021) yield ended at 8.88% as on 31 October 2011. The 10-year AAA Corporate Bond yield was at 9.74% as on 31 October 2011. Outlook Inflation would remain the primary concern of the Reserve Bank of India in the coming months. The headline WPI inflation has remained stubbornly high averaging 9.6 per cent during the financial year so far. The behaviour of crude prices will be a crucial factor in shaping the outlook of domestic inflation in the near future. WPI is expected to decline further and reach around 7% levels by March 2012.Upon realisation of its inflation forecast,rbi is expected to pause the rate hike cycle. 3

LIC NOMURA MF LIQUID FUND Scheme Type: Debt - Liquid Launch Date: March 13, 2002 AUM as on 31/10/2011: INR 2788.70 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 25000/- Name: Shri Y D Prasanna as on October 31, 2011 EXPENSE RATIO : 0.50% Growth Option 18.8023 Dividend Option 10.9801 (The expense ratio is 0.40 w.e.f. 16/08/2011.) Credit Rating High Low High Low Rate Sensitivity 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 Certificate Deposits ALLAHABAD BANK LTD BANKS A1+ 3.03 AXIS BANK LTD. BANKS A1+ 4.03 AXIS BANK LTD. BANKS P1+ 3.68 BANK OF MAHARASHTRA LTD BANKS P1+ 0.18 CANARA BANK LTD BANKS A1+ 5.03 CORPORATION BANK LTD BANKS P1+ 1.77 FEDERAL BANK LTD. BANKS P1+ 0.89 INDIAN BANK LTD BANKS F1+ 0.75 ING VYSYA BANK LTD. BANKS A1+ 1.76 ING VYSYA BANK LTD. BANKS P1+ 0.89 JAMMU & KASHMIR BANK LTD. BANKS A1+ 1.78 KARUR VYSYA BANK LTD. BANKS A1+ 3.54 KOTAK MAHINDRA BANK LTD. BANKS P1+ 5.99 ORIENTAL BANK OF COMMERCE LTD BANKS P1+ 0.16 PUNJAB & SIND BANK BANKS A1+ 0.85 PUNJAB NATIONAL BANK LTD BANKS PR1+ 1.77 SOUTH INDIAN BANK LTD. BANKS A1+ 2.65 STATE BANK OF BIKANER & JAIPUR BANKS A1+ 1.05 STATE BANK OF BIKANER & JAIPUR BANKS P1+ 0.89 STATE BANK OF MYSORE LTD BANKS A1+ 1.76 STATE BANK OF PATIALA BANKS A1+ 1.77 UCO BANK LTD BANKS A1+ 1.95 UCO BANK LTD BANKS P1+ 1.44 VIJAYA BANK LTD BANKS A1+ 2.65 VIJAYA BANK LTD BANKS PR1+ 0.19 YES BANK LTD. BANKS A1+ 1.17 Commercial Paper NATIONAL HOUSING BANK BANKS A1+ 3.54 BLUE STAR LTD. CONSUMER DURABLES A1+ 1.24 GRUH FINANCE LTD. FINANCE A1+ 2.65 HOUSING DEVELOPMENT FINANCE CORPORATION LTD. FINANCE A1+ 1.76 INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LTD. FINANCE A1+ 3.58 L&T FINANCE LTD. FINANCE A1+ 1.78 LIC HOUSING FINANCE LTD. FINANCE A1+ 3.51 HINDUSTAN PETROLEUM CORPORATION LTD. PETROLEUM PRODUCTS A1+ 5.50 INDIAN OIL CORPN. LTD. PETROLEUM PRODUCTS A1+ 5.30 INDIAN OIL CORPN. LTD. PETROLEUM PRODUCTS P1+ 2.79 Ohter Assets Cash & Cash Equivalent 16.70 Scheme Total 100.00 METRICS Average Maturity Duration 1.19 months 1.13 months MATURITY PROFILE FOR THE RATING PROFILE FOR THE COMPOSITION BY ASSETS Commercial Paper 31.66 Cash & Equivalents 16.70% Certificate Deposits 51.64 4 MUTUAL INTEREST November, 2011 DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Oct 01, 2010 To Sep 30, 2011 7.90 7.80 6.70 Period Fund C Fund~LX 1 year T-bill Oct 01, 2009 To Sep 30, 2010 4.82 4.00 4.05 Last 1 Year 10,790 10,777 N.A. Oct 01, 2008 To Sep 30, 2009 7.23 6.80 9.07 Last 2 Years 11,310 11,213 N.A. Last 3 Years 12,128 11,978 N.A. ANNUALISED PERFORMANCE As on 31 October 2011 18,664 17,220 N.A. Period Fund C Fund~LX 1 year T-bill Last 7 Days 8.53 8.22 6.70 Last 15 Days 8.51 8.16 4.05 6.75 5.88 N.A. Last 30 Days 8.45 8.02 9.07 * For Dividend History refer to page no. 26

LIC NOMURA MF SAVINGS PLUS FUND Scheme Type: Debt - Short Term Launch Date: May 29, 2003 AUM as on 31/10/2011: INR 295.36 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Name: Shri Y D Prasanna as on October 31, 2011 Growth Option 16.2352 Dividend Option - Daily 10.0118 Dividend Option - Weekly 10.0428 Dividend Option - Monthly 10.1405 EXPENSE RATIO : 0.69% The investment objective of the Scheme is to generate income by investing in a portfolio of quality short term debt securities. Industry Rating % to Nav Certificate Deposits ALLAHABAD BANK LTD BANKS A1+ 8.39 BANK OF MAHARASHTRA LTD BANKS A1+ 8.33 JAMMU & KASHMIR BANK LTD. BANKS P1+ 8.42 KOTAK MAHINDRA BANK LTD. BANKS P1+ 0.56 PUNJAB & SIND BANK BANKS A1+ 8.42 UCO BANK LTD BANKS A1+ 10.07 Commercial Paper INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LTD. FINANCE A1+ 15.08 BHARAT PETROLEUM CORPN. LTD. PETROLEUM PRODUCTS A1+ 11.68 HINDUSTAN PETROLEUM CORPORATION LTD. PETROLEUM PRODUCTS A1+ 8.42 INDIAN OIL CORPN. LTD. PETROLEUM PRODUCTS A1+ 13.48 Ohter Assets Cash & Cash Equivalent 7.15 Scheme Total 100.00 MATURITY PROFILE FOR THE RATING PROFILE FOR THE Cash & Equivalents 7.15 METRICS Average Maturity Duration Credit Rating High Low High Low Rate Sensitivity 1.09 months 0.98 months Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,731 10,777 N.A. Last 2 Years 11,294 11,213 N.A. Last 3 Years 12,141 11,978 N.A. 16,128 16,218 N.A. DISCRETE 12 MONTHS RETURNS A1+/PR1+/P1+ 92.85 Period Fund C Fund~LX 1 year T-bill Oct 01, 2010 To Sep 30, 2011 7.30 7.80 6.70 Oct 01, 2009 To Sep 30, 2010 5.20 4.00 4.05 Oct 01, 2008 To Sep 30, 2009 7.50 6.80 9.07 5.91 5.88 N.A. COMPOSITION BY ASSETS Commercial Paper 48.65% Cash & Equivalents 7.15% Certificate Deposits 44.20% * For Dividend History refer to page no. 26 5

LIC NOMURA MF FLOATING RATE FUND Scheme Type: Debt - Floating Launch Date: March 15, 2004 AUM as on 31/10/2011: INR 118.01 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 5000/- Name: Shri Y D Prasanna 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. Industry Rating % to Nav Certificate Deposits ALLAHABAD BANK LTD BANKS A1+ 16.80 KOTAK MAHINDRA BANK LTD. BANKS P1+ 12.69 YES BANK LTD. BANKS A1+ 3.77 Commercial Paper BHARAT PETROLEUM CORPN. LTD. PETROLEUM PRODUCTS A1+ 12.53 INDIAN OIL CORPN. LTD. PETROLEUM PRODUCTS P1+ 14.40 Ohter Assets Cash & Cash Equivalent 39.82 Scheme Total 100.00 as on October 31, 2011 Growth Option 16.7194 Dividend Option - Daily 10.0200 Dividend Option - Weekly 10.1638 MATURITY PROFILE FOR THE RATING PROFILE FOR THE Cash & Equivalents 39.82 EXPENSE RATIO : 0.60% Credit Rating High Low AAA/A1+/P1+/PR1+ 60.18 METRICS Average Maturity Duration High Low Rate Sensitivity 0.56 months 0.53 months DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,688 10,777 N.A. Last 2 Years 11,268 11,213 N.A. Last 3 Years 12,134 11,978 N.A. 16,607 15,562 N.A. Period Fund C Fund~LX 1 year T-bill Oct 01, 2010 To Sep 30, 2011 6.90 7.80 6.70 Oct 01, 2009 To Sep 30, 2010 5.40 4.00 4.05 Oct 01, 2008 To Sep 30, 2009 7.70 6.80 9.07 6.99 5.88 N.A. COMPOSITION BY ASSETS Cash & Equivalents 39.82% Certificate Deposits 33.26 Commercial Paper 26.92 * For Dividend History refer to page no. 26 6 MUTUAL INTEREST November, 2011

LIC NOMURA MF INCOME PLUS FUND Scheme Type: Debt Launch Date: May 28, 2007 AUM as on 31/10/2011: INR 419.70 Cr Exit Load: Nil Benchmark: Crisil Liquid Fund Index Minimum Investment: Rs. 500000/- Name: Shri Y D Prasanna as on October 31, 2011 Growth Option 13.7533 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. Industry Rating % to Nav Certificate Deposits BANK OF MAHARASHTRA LTD BANKS A1+ 5.86 KARUR VYSYA BANK LTD. BANKS A1+ 4.88 UCO BANK LTD BANKS A1+ 10.62 VIJAYA BANK LTD BANKS A1+ 11.71 Commercial Paper NATIONAL HOUSING BANK BANKS A1+ 11.87 HOUSING DEVELOPMENT FINANCE CORPORATION LTD. FINANCE A1+ 11.69 INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LTD. FINANCE A1+ 12.97 BHARAT PETROLEUM CORPN. LTD. PETROLEUM PRODUCTS A1+ 11.81 INDIAN OIL CORPN. LTD. PETROLEUM PRODUCTS A1+ 5.91 Ohter Assets Cash & Cash Equivalent 12.67 Scheme Total 100.00 Dividend Option - Daily 10.0200 Dividend Option - Weekly 10.0364 Dividend Option - Monthly 10.1527 EXPENSE RATIO : 0.53% MATURITY PROFILE FOR THE RATING PROFILE FOR THE Cash & Equivalents 12.67 Credit Rating High Low High Low Rate Sensitivity AAA/AA+/P1+/A1+ 87.33 METRICS Average Maturity Duration 1.33 months 1.26 months DISCRETE 12 MONTHS RETURNS Period Fund C Fund~LX 1 year T-bill Last 1 Year 10,759 10,777 N.A. Last 2 Years 11,318 11,213 N.A. Last 3 Years 12,166 11,978 N.A. 13,659 17,220 N.A. Period Fund C Fund~LX 1 year T-bill Oct 01, 2010 To Sep 30, 2011 7.60 7.80 6.70 Oct 01, 2009 To Sep 30, 2010 5.20 4.00 4.05 Oct 01, 2008 To Sep 30, 2009 7.50 6.80 9.07 7.45 5.88 N.A. COMPOSITION BY ASSETS Cash & Equivalents 12.67% Certificate Deposits 33.08 Commercial Paper 54.25 * For Dividend History refer to page no. 26 7

LIC NOMURA MF BOND FUND Scheme Type: Debt LIC 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. Launch Date: March 26, 1999 AUM as on 31/10/2011: INR 72.06 Cr Benchmark: Crisil Composite Bond Fund Index Minimum Investment: Rs. 5000/- Name: Shri Y D Prasanna as on October 31, 2011 Growth Option 29.1095 Industry Rating % to Nav Certificate Deposits FEDERAL BANK LTD. BANKS P1+ 7.94 Corporate Debt ANDHRA BANK LTD BANKS AAA(SO) 0.29 HOUSING DEVELOPMENT FINANCE CORPORATION LTD. FINANCE AAA 0.55 INDIAN RAILWAYS FINANCE CORPN LTD FINANCE AAA 14.07 MAGMA FINCORP LTD FINANCE AA- 13.85 RURAL ELECTRIFICATION CORPN LTD FINANCE AAA 15.92 SHRIRAM TRANSPORT FINANCE COMPANY LTD. FINANCE AA 0.14 PUNJ LLOYD LTD. INDUSTRIAL CAPITAL GOODS AA 16.70 INDIAN OIL CORPN. LTD. PETROLEUM PRODUCTS AA+ 11.68 JET AIRWAYS (INDIA) LTD. TRANSPORTATION AAA 2.02 Ohter Assets Cash & Cash Equivalent 16.83 Scheme Total 100.00 Dividend Option 11.5256 EXPENSE RATIO : 1.51% Credit Rating High Low MATURITY PROFILE FOR THE RATING PROFILE FOR THE Cash & Equivalents 16.83 High Low Rate Sensitivity AA-/AA 30.70 AAA/AAA(SO)/AA+/P1+ 52.47 METRICS Average Maturity Duration 2.31 years 2.08 years DISCRETE 12 MONTHS RETURNS Period Fund C CompBex 10 Year GOI Last 1 Year 10,807 10,558 N.A. Last 2 Years 11,419 11,135 N.A. Last 3 Years 12,980 12,250 N.A. 27,731 17,189 N.A. Period Fund C CompBex 10 year GOI Oct 01, 2010 To Sep 30, 2011 8.10 5.60 7.90 Oct 01, 2009 To Sep 30, 2010 5.70 5.50 7.21 Oct 01, 2008 To Sep 30, 2009 13.70 10.00 8.45 8.83 5.86 N.A. COMPOSITION BY ASSETS Cash & Equivalents 16.83 Certificate Deposits 7.94 Corporate Debt 75.23 * For Dividend History refer to page no. 26 8 MUTUAL INTEREST November, 2011

LIC NOMURA MF G-SEC FUND Scheme Type: Debt - Gilt Launch Date: November 15, 1999 AUM as on 31/10/2011: INR 84.65 Cr Benchmark: I-Sec Composite Gilt Index Minimum Investment: Rs. 10000/- Name: Shri Y D Prasanna 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 NATIONAL HOUSING BANK BANKS AAA 16.15 INDIAN OIL CORPN. LTD. PETROLEUM PRODUCTS AA+ 7.10 Government Securites 08.08% GOI 2022 GOVT SECURITIES SOVEREIGN 11.14 08.13% GOI 2022 GOVT SECURITIES SOVEREIGN 5.59 182 DAYS TREASURY BILL 2012 GOVT SECURITIES 5.69 OTHER GOVERNMENT SECURITIES GOVT SECURITIES SOVEREIGN 38.53 Ohter Assets Cash & Cash Equivalent 15.81 Scheme Total 100.00 as on October 31, 2011 Growth Option - Regular 23.4799 Growth Option - PF 13.5397 Dividend Option - Regular 10.7255 Dividend Option - PF 12.4489 MATURITY PROFILE FOR THE RATING PROFILE FOR THE Cash & Equivalents 15.81 EXPENSE RATIO : 1.16% Credit Rating High Low AAA/AA+/ SOVEREIGN 84.19 High Low Rate Sensitivity METRICS Average Maturity 6.11 years Duration 5.50 years DISCRETE 12 MONTHS RETURNS I Sec Period Fund Composite Gilt 10 year GOI Period Fund I Sec Composite Gilt 1O Year GOI Oct 01, 2010 To Sep 30, 2011 7.80 6.30 7.90 Last 1 Year 10,776 10,630 N.A. Oct 01, 2009 To Sep 30, 2010 1.40 5.65 7.21 Last 2 Years 10,928 11,230 N.A. Oct 01, 2008 To Sep 30, 2009 5.90 15.30 8.45 Last 3 Years 11,568 12,972 N.A. 23,717 N.A. N.A. 7.56 6.72 N.A. COMPOSITION BY ASSETS Cash & Equivalents 15.81 Corporate Debt 23.25 Government Securities 60.94 9

LIC NOMURA MF UNIT LINKED INSURANCE SCHEME Scheme Type: Insurance Linked Tax Saving Launch Date: June 19,1989 AUM as on 31/10/2011: INR 127.74 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: Mrs Bichitra Mahapatra as on October 31, 2011 EXPENSE RATIO : 2.00% ANNUAL TURNOVER RATIO : 0.51 times METRICS Growth Option 9.6203 Quantitative Indicators - Debt Component Average Maturity Duration Style Growth Value Large Small Market Cap Volatility 14.77% Sharpe Ratio -5.51 Portfolio Beta 0.84 R squared 0.93 0.66 years 0.59 years (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) 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. MAHINDRA & MAHINDRA LTD. 2.36 TATA MOTORS LTD. 1.50 MARUTI SUZUKI INDIA LTD. 0.65 BAJAJ AUTO LTD 0.01 HERO MOTOCORP LTD. 0.01 HDFC BANK LTD. 2.93 STATE BANK OF INDIA 1.22 ICICI BANK LTD. 0.79 PUNJAB NATIONAL BANK LTD 0.54 IDBI BANK LTD 0.18 UNION BANK OF INDIA LTD 0.18 AXIS BANK LTD. 0.02 KOTAK MAHINDRA BANK LTD. 0.01 Cement ACC LTD. 0.01 GRASIM INDUSTRIES LTD. 0.01 GUJARAT ALKALIES & CHEMICALS LTD. 0.01 Construction DLF LTD. 0.01 JAIPRAKASH ASSOCIATES LTD. 0.01 Consumer Non-durables TATA TEA LTD. 0.95 ITC LTD. 0.07 HINDUSTAN UNILEVER LTD. 0.02 TATA STEEL LTD. 1.34 JINDAL STEEL & POWER LTD. 0.78 STEEL AUTHORITY OF INDIA LTD. 0.00 HOUSING DEVELOPMENT FINANCE CORP. LTD. 2.64 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 0.53 RELIANCE CAPITAL LTD. 0.00 Gas GAIL (INDIA) LTD. 1.55 Hotels INDIAN HOTELS COMPANY LTD. 0.26 BHARAT HEAVY ELECTRICALS LTD. 6.11 LARSEN & TOUBRO LTD. 2.73 Industrial Products SIEMENS LTD. 0.00 Minerals/Mining STERLITE INDUSTRIES (INDIA) LTD. 0.61 COAL INDIA LTD. 0.01 SESA GOA LTD. 0.01 Non- HINDALCO INDUSTRIES LTD. 0.01 Oil OIL & NATURAL GAS CORPN. LTD. 5.38 CAIRN INDIA LTD. 0.01 RELIANCE INDUSTRIES LTD. 4.90 HINDUSTAN PETROLEUM CORPORATION LTD. 1.30 BHARAT PETROLEUM CORPN. LTD. 0.00 CIPLA LTD. 1.39 LUPIN LTD. 1.10 DR REDDY'S LABORATORIES LTD. 0.67 JUBILANT LIFE SCIENCES LTD. 0.11 SUN PHARMACEUTICAL INDS. LTD. 0.01 RANBAXY LABORATORIES LTD. 0.00 TATA POWER COMPANY LTD. 4.35 NTPC LTD. 0.01 POWER GRID CORPN. OF INDIA LTD. 0.01 RELIANCE INFRASTRUCTURE LTD 0.00 RELIANCE POWER LTD 0.00 INFOSYS LTD. 5.71 TATA CONSULTANCY SERVICES LTD. 2.30 HCL TECHNOLOGIES LTD. 1.23 WIPRO LTD. 0.01 Telecom Services BHARTI AIRTEL LTD. 0.03 RELIANCE COMMUNICATIONS LTD. 0.00 Rating CORPORATE DEBT MAGMA FINCORP LTD AA- 14.62 Media & Entertainment DECCAN CHRONICLE HOLDINGS LTD. AA 8.65 DR REDDY'S LABORATORIES LTD. AA+ 0.01 Transportation MUNDRA PORT & SPECIAL ECO. ZONE LTD AA 1.91 OHTER ASSETS Cash And Call, Current Assets And Receivables 18.17 Scheme Total 100.00 SECTOR ALLOCATION - Period Fund C BalanceEx Nifty Period Fund C BalanceEx Nifty Oct 01, 2010 To Sep 30, 2011-10.30-10.00-18.02 Last 1 Year 8,971 8,996 8,198 Oct 01, 2009 To Sep 30, 2010 9.40 14.20 18.61 Last 2 Years 9,815 10,273 9,723 Oct 01, 2008 To Sep 30, 2009 15.70 25.10 29.65 Last 3 Years 11,359 12,919 12,606 71,783 32,686 47,092 9.24 13.26 14.48 10 MUTUAL INTEREST November, 2011

LIC NOMURA MF BALANCED FUND Scheme Type: Balanced Launch Date: January 1, 1991 AUM as on 31/10/2011: INR 21.96 Cr Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.1000/- Name: Mrs. Bichitra Mahapatra as on October 31, 2011 EXPENSE RATIO : 2.13% ANNUAL TURNOVER RATIO : 0.51 times METRICS Growth Option 53.3206 Dividend Option 11.2659 Style Growth Quantitative Indicators - Debt Component Average Maturity Duration Value Large Small Market Cap Volatility 17.35% Sharpe Ratio -4.66 Portfolio Beta 0.94 R squared 0.90 1.21 years 1.09 years (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) An open ended Income and Growth scheme which seeks to provide regular returns andcapital appreciation according to the selection of plan by investing in equities and debt instruments. MAHINDRA & MAHINDRA LTD. 0.02 TATA MOTORS LTD. 0.02 BAJAJ AUTO LTD 0.01 HERO MOTOCORP LTD. 0.01 MARUTI SUZUKI INDIA LTD. 0.01 IDBI BANK LTD 4.25 YES BANK LTD. 3.17 UNION BANK OF INDIA LTD 2.95 ICICI BANK LTD. 0.06 HDFC BANK LTD. 0.05 STATE BANK OF INDIA 0.03 AXIS BANK LTD. 0.02 KOTAK MAHINDRA BANK LTD. 0.01 PUNJAB NATIONAL BANK LTD 0.01 Cement GUJARAT ALKALIES & CHEMICALS LTD. 2.84 GRASIM INDUSTRIES LTD. 0.01 ACC LTD. 0.01 Construction DLF LTD. 0.00 JAIPRAKASH ASSOCIATES LTD. 0.00 Consumer Non-durables HINDUSTAN UNILEVER LTD. 6.85 ITC LTD. 0.06 TATA STEEL LTD. 1.12 JINDAL STEEL & POWER LTD. 0.01 STEEL AUTHORITY OF INDIA LTD. 0.00 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 3.62 HOUSING DEVELOPMENT FINANCE CORP. LTD. 0.05 RELIANCE CAPITAL LTD. 0.01 Gas GAIL (INDIA) LTD. 5.78 LARSEN & TOUBRO LTD. 3.26 BHARAT HEAVY ELECTRICALS LTD. 0.01 Industrial Products SIEMENS LTD. 0.00 Minerals/Mining SESA GOA LTD. 2.84 STERLITE INDUSTRIES (INDIA) LTD. 0.01 Non- HINDALCO INDUSTRIES LTD. 4.35 Oil OIL & NATURAL GAS CORPN. LTD. 1.29 CAIRN INDIA LTD. 0.01 HINDUSTAN PETROLEUM CORPORATION LTD. 1.52 RELIANCE INDUSTRIES LTD. 0.08 BHARAT PETROLEUM CORPN. LTD. 0.00 LUPIN LTD. 4.28 RANBAXY LABORATORIES LTD. 4.11 JUBILANT LIFE SCIENCES LTD. 1.00 DR REDDY'S LABORATORIES LTD. 0.01 SUN PHARMACEUTICAL INDS. LTD. 0.01 CIPLA LTD. 0.01 PTC INDIA LTD. 3.23 NTPC LTD. 0.01 TATA POWER COMPANY LTD. 0.01 POWER GRID CORPN. OF INDIA LTD. 0.01 RELIANCE INFRASTRUCTURE LTD 0.00 RELIANCE POWER LTD 0.00 HCL TECHNOLOGIES LTD. 6.67 INFOSYS LTD. 0.08 TATA CONSULTANCY SERVICES LTD. 0.03 WIPRO LTD. 0.01 Telecom Services BHARTI AIRTEL LTD. 0.03 RELIANCE COMMUNICATIONS LTD. 0.00 Rating CORPORATE DEBT MAGMA FINCORP LTD AA- 18.29 PUNJ LLOYD LTD. AA 9.10 OHTER ASSETS Cash And Call, Current Assets And Receivables 8.77 Scheme Total 100.00 SECTOR ALLOCATION - Period Fund C BalanceEx Nifty Period Fund C BalanceEx Nifty Oct 01, 2010 To Sep 30, 2011-12.70-10.00-18.02 Last 1 Year 8,734 8,996 8,198 Oct 01, 2009 To Sep 30, 2010 11.40 14.20 18.61 Last 2 Years 9,726 10,273 9,723 Oct 01, 2008 To Sep 30, 2009 18.40 25.10 29.65 Last 3 Years 11,518 12,919 12,606 51,521 32,686 47,092 8.22 13.26 14.48 11

LIC NOMURA MF MONTHLY INCOME PLAN Scheme Type: Hybrid Launch Date: June 1, 2003 AUM as on 31/10/2011: INR 89.78 Cr Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mrs. Bichitra Mahapatra as on October 31, 2011 EXPENSE RATIO : 1.94% ANNUAL TURNOVER RATIO : 0.04 times METRICS Growth Option 32.9621 Dividend Option - Monthly 10.0157 Dividend Option - Quarterly 10.1988 Dividend Option - Yearly 10.2865 Quantitative Indicators - Debt Component Average Maturity Duration Credit Rating High Low High Low Rate Sensitivity Volatility 4.81% Sharpe Ratio -17.97 Portfolio Beta 0.72 R squared 0.78 2.10 years 1.89 years (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) 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 MAHINDRA & MAHINDRA LTD. 0.77 STATE BANK OF INDIA 0.64 CANARA BANK LTD 0.50 UNION BANK OF INDIA LTD 0.25 Construction IRB INFRASTRUCTURE DEVELOPERS LTD 0.60 TATA STEEL LTD. 1.08 Gas GAIL (INDIA) LTD. 1.18 BHARAT HEAVY ELECTRICALS LTD. 3.72 Minerals/Mining STERLITE INDUSTRIES (INDIA) LTD. 2.31 RELIANCE INDUSTRIES LTD. 2.74 HINDUSTAN PETROLEUM CORPORATION LTD. 0.93 JUBILANT LIFE SCIENCES LTD. 0.67 RANBAXY LABORATORIES LTD. 0.48 WIPRO LTD. 1.50 Period Fund C MIPex 10 Years GOI Last 1 Year Last 2 Years 10,537 10,957 N.A. Last 3 Years 12,021 12,522 N.A. 32,576 20,674 N.A. 9,927 10,190 N.A. 9.14 7.94 N.A. Rating CORPORATE DEBT MAGMA FINCORP LTD AA- 14.32 RELIANCE CAPITAL LTD. AAA 11.11 RURAL ELECTRIFICATION CORPN LTD AAA 18.49 SHRIRAM TRANSPORT FINANCE COMPANY LTD. AA 6.10 PUNJ LLOYD LTD. AA 13.89 Media & Entertainment DECCAN CHRONICLE HOLDINGS LTD. AA 3.36 Transportation MUNDRA PORT & SPECIAL ECONOMIC ZONE LTD AA 9.78 OHTER ASSETS Cash And Call, Current Assets And Receivables 5.60 Scheme Total 100.00 Period Fund C MIPex 10 Yrs GOI Oct 01, 2010 To Sep 30, 2011-0.70 1.90 7.90 Oct 01, 2009 To Sep 30, 2010 6.10 7.50 7.21 Oct 01, 2008 To Sep 30, 2009 14.10 14.20 8.45 SECTOR ALLOCATION - * For Dividend History refer to page no. 26 12 MUTUAL INTEREST November, 2011

LIC NOMURA MF CHILDREN'S FUND Scheme Type: Balanced Launch Date: September 26, 2001 AUM as on 31/10/2011: INR 5.03 Cr Benchmark: Crisil Balanced Fund Index Minimum Investment: Rs.5000/- Name: Mrs. Bichitra Mahapatra as on October 31, 2011 EXPENSE RATIO : 2.25% ANNUAL TURNOVER RATIO : 0.16 times METRICS Growth Option 9.6707 Quantitative Indicators - Debt Component Average Maturity Duration Style Growth Value Large Small Market Cap Volatility 26.30% Sharpe Ratio -3.07 Portfolio Beta 1.42 R squared 0.89 1.74 years 1.57 years (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) 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. MAHINDRA & MAHINDRA LTD. 6.86 TATA MOTORS LTD. 3.95 HERO MOTOCORP LTD. 2.16 BAJAJ AUTO LTD 0.00 MARUTI SUZUKI INDIA LTD. 0.00 HDFC BANK LTD. 4.87 AXIS BANK LTD. 2.31 DENA BANK LTD 0.80 ALLAHABAD BANK LTD 0.30 ANDHRA BANK LTD 0.24 ICICI BANK LTD. 0.02 STATE BANK OF INDIA 0.01 KOTAK MAHINDRA BANK LTD. 0.00 PUNJAB NATIONAL BANK LTD 0.00 Cement GUJARAT ALKALIES & CHEMICALS LTD. 1.24 GRASIM INDUSTRIES LTD. 0.00 ACC LTD. 0.00 Construction DLF LTD. 0.00 JAIPRAKASH ASSOCIATES LTD. 0.00 Consumer Durables VOLTAS LTD. 1.98 Consumer Non-durables ITC LTD. 0.02 HINDUSTAN UNILEVER LTD. 0.01 TATA STEEL LTD. 3.84 STEEL AUTHORITY OF INDIA LTD. 3.35 JINDAL STEEL & POWER LTD. 2.24 IFCI LTD. 1.31 HOUSING DEVELOPMENT FINANCE CORP. LTD. 0.01 RELIANCE CAPITAL LTD. 0.01 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 0.00 Gas GAIL (INDIA) LTD. 0.00 Hotels INDIAN HOTELS COMPANY LTD. 2.78 BHARAT HEAVY ELECTRICALS LTD. 1.58 LARSEN & TOUBRO LTD. 0.57 Industrial Products SIEMENS LTD. 0.00 Minerals/Mining SESA GOA LTD. 1.65 STERLITE INDUSTRIES (INDIA) LTD. 1.27 GUJARAT NRE COKE LTD. 0.46 Non- HINDALCO INDUSTRIES LTD. 2.71 Oil OIL & NATURAL GAS CORPN. LTD. 0.01 CAIRN INDIA LTD. 0.00 RELIANCE INDUSTRIES LTD. 8.74 BHARAT PETROLEUM CORPN. LTD. 0.15 CIPLA LTD. 0.00 DR REDDY'S LABORATORIES LTD. 0.00 RANBAXY LABORATORIES LTD. 0.00 SUN PHARMACEUTICAL INDS. LTD. 0.00 NTPC LTD. 0.00 POWER GRID CORPN. OF INDIA LTD. 0.00 RELIANCE INFRASTRUCTURE LTD 0.00 RELIANCE POWER LTD 0.00 TATA POWER COMPANY LTD. 0.00 TATA CONSULTANCY SERVICES LTD. 0.45 INFOSYS LTD. 0.02 WIPRO LTD. 0.00 HCL TECHNOLOGIES LTD. 0.00 Telecom Services BHARTI AIRTEL LTD. 0.01 RELIANCE COMMUNICATIONS LTD. 0.00 Rating CORPORATE DEBT SHRIRAM TRANSPORT FINANCE COMPANY LTD. AA 18.18 PUNJ LLOYD LTD. AA 18.47 OHTER ASSETS Cash And Call, Current Assets And Receivables 7.39 Scheme Total 100.00 SECTOR ALLOCATION - Period Fund C BalanceEx Nifty Period Fund C BalanceEx Nifty Oct 01, 2010 To Sep 30, 2011-13.60-10.00-18.02 Last 1 Year 8,639 8,996 8,198 Oct 01, 2009 To Sep 30, 2010 1.00 14.20 18.61 Last 2 Years 8,725 10,273 9,723 Oct 01, 2008 To Sep 30, 2009 6.50 25.10 29.65 Last 3 Years 9,295 12,919 12,606 9,273 32,686 47,092-0.76 13.26 14.48 * 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 31/10/2011: INR 118.45 Cr Benchmark: Crisil MIP Blended Index Minimum Investment: Rs.5000/- Name: Mrs. Bichitra Mahapatra as on September 30, 2011 EXPENSE RATIO : 1.40% ANNUAL TURNOVER RATIO : 0.63 times METRICS Growth Option 18.7607 Dividend Option - Monthly 10.1851 Dividend Option - Quarterly 10.3761 Dividend Option - Yearly 10.5127 Quantitative Indicators - Debt Component Average Maturity Duration Credit Rating High Low High Low Rate Sensitivity 1.24 years 1.12 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. MAHINDRA & MAHINDRA LTD. 1.46 HDFC BANK LTD. 1.65 STATE BANK OF INDIA 0.48 CANARA BANK LTD 0.40 BANK OF BARODA LTD 0.33 TATA STEEL LTD. 1.22 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 0.78 Hotels INDIAN HOTELS COMPANY LTD. 0.30 BHARAT HEAVY ELECTRICALS LTD. 2.55 LARSEN & TOUBRO LTD. 1.07 Minerals/Mining SESA GOA LTD. 0.44 Non- HINDALCO INDUSTRIES LTD. 0.52 RELIANCE INDUSTRIES LTD. 1.48 HINDUSTAN PETROLEUM CORPORATION LTD. 1.13 CIPLA LTD. 1.04 BIOCON LTD. 0.67 JUBILANT LIFE SCIENCES LTD. 0.33 RANBAXY LABORATORIES LTD. 0.21 PTC INDIA LTD. 0.24 HCL TECHNOLOGIES LTD. 0.94 TATA CONSULTANCY SERVICES LTD. 0.66 Rating CORPORATE DEBT MAGMA FINCORP LTD AA- 12.38 RELIANCE CAPITAL LTD. AAA 11.76 SHRIRAM TRANSPORT FINANCE COMPANY LTD. AA 13.64 PUNJ LLOYD LTD. AA 13.05 Media & Entertainment DECCAN CHRONICLE HOLDINGS LTD. AA 13.56 Transportation MUNDRA PORT & SPECIAL ECONOMIC ZONE LTD AA 11.12 OHTER ASSETS Cash And Call, Current Assets And Receivables 6.60 Scheme Total 100.00 Volatility 4.43% Sharpe Ratio -19.14 Portfolio Beta 0.71 R squared 0.84 (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) SECTOR ALLOCATION - Period Fund C MIPex 10 Yrs GOI Period Fund C MIPex 10 Years GOI Oct 01, 2010 To Sep 30, 2011 2.20 1.90 7.90 Last 1 Year 10,222 10,190 N.A. Oct 01, 2009 To Sep 30, 2010 8.60 7.50 7.21 Last 2 Years 11,101 10,957 N.A. Oct 01, 2008 To Sep 30, 2009 13.90 14.20 8.45 Last 3 Years 12,649 12,522 N.A. 18,760 20,674 N.A. 9.15 7.94 N.A. * For Dividend History refer to page no. 26 14 MUTUAL INTEREST November, 2011

LIC NOMURA MF EQUITY FUND Scheme Type: Equity - Diversified Date of allotment: April 16, 1998 AUM as on 31/10/2011: INR 87.34 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Eiichi Oka As on October 30, 2011 EXPENSE RATIO : 1.63% ANNUAL TURNOVER RATIO : 0.20 times Growth Option 24.5856 Dividend Option 9.6886 Style Growth Value Large Small Volatility 27.20% Sharpe Ratio -2.68 Portfolio Beta 1.00 R squared 0.95 Market Cap (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) 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. MAHINDRA & MAHINDRA LTD. 2.87 TATA MOTORS LTD. 2.75 HERO MOTOCORP LTD. 1.74 MARUTI SUZUKI INDIA LTD. 0.83 Ancillaries BHARAT FORGE LTD. 0.37 HDFC BANK LTD. 5.36 ICICI BANK LTD. 5.01 AXIS BANK LTD. 2.66 STATE BANK OF INDIA 2.62 KOTAK MAHINDRA BANK LTD. 1.75 ANDHRA BANK LTD 0.68 UNION BANK OF INDIA LTD 0.52 IDBI BANK LTD 0.47 YES BANK LTD. 0.36 PUNJAB NATIONAL BANK LTD 0.28 BANK OF BARODA LTD 0.26 Cement GUJARAT ALKALIES & CHEMICALS LTD. 0.27 Consumer Durables VIDEOCON INDUSTRIES LTD. 0.85 VOLTAS LTD. 0.57 Consumer Non-durables ITC LTD. 8.89 TATA STEEL LTD. 2.21 STEEL AUTHORITY OF INDIA LTD. 0.90 JINDAL STEEL & POWER LTD. 0.32 Fertilisers CHAMBAL FERTILISERS & CHEMICALS LTD. 0.26 HOUSING DEVELOPMENT FINANCE CORP. LTD. 4.76 IFCI LTD. 0.45 Gas GAIL (INDIA) LTD. 1.67 Hotels INDIAN HOTELS COMPANY LTD. 0.60 LARSEN & TOUBRO LTD. 4.25 BHARAT HEAVY ELECTRICALS LTD. 2.37 Industrial Products SIEMENS LTD. 0.16 Minerals/Mining STERLITE INDUSTRIES (INDIA) LTD. 1.46 SESA GOA LTD. 1.19 NMDC LTD 0.67 COAL INDIA LTD. 0.65 MOIL LTD. 0.02 Non- HINDALCO INDUSTRIES LTD. 1.20 Oil OIL & NATURAL GAS CORPN. LTD. 3.14 RELIANCE INDUSTRIES LTD. 8.64 INDIAN OIL CORPN. LTD. 1.00 HINDUSTAN PETROLEUM CORPORATION LTD. 0.27 BHARAT PETROLEUM CORPN. LTD. 0.21 DR REDDY'S LABORATORIES LTD. 0.96 RANBAXY LABORATORIES LTD. 0.86 SUN PHARMACEUTICAL INDS. LTD. 0.69 CIPLA LTD. 0.67 NTPC LTD. 0.88 RELIANCE INFRASTRUCTURE LTD 0.65 POWER GRID CORPN. OF INDIA LTD. 0.48 TATA POWER COMPANY LTD. 0.23 INFOSYS LTD. 6.58 TATA CONSULTANCY SERVICES LTD. 3.83 WIPRO LTD. 1.79 HCL TECHNOLOGIES LTD. 1.02 Telecom Services BHARTI AIRTEL LTD. 1.79 IDEA CELLULAR LTD. 0.11 Total Equity Holdings 96.04 Other Assets Cash and Call, Current Assets and Receivables 3.96 Total Assets 100.00 SECTOR ALLOCATION - TOTAL ASSETS Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Oct 01, 2010 To Sep 30, 2011-19.70-18.01-18.02 Last 1 Year 8,026 8,199 8,198 Oct 01, 2009 To Sep 30, 2010 15.50 17.18 18.61 Last 2 Years 9,271 9,607 9,723 Oct 01, 2008 To Sep 30, 2009 29.30 33.17 29.65 Last 3 Years 11,991 12,794 12,606 23,060 62,770 61,661 4.56 14.45 14.48 15

LIC NOMURA MF GROWTH FUND Scheme Type: Equity - Diversified Date of allotment: September 1, 1994 AUM as on 31/10/2011: INR 106.97 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Eiichi Oka As on October 31, 2011 EXPENSE RATIO : 1.63% ANNUAL TURNOVER RATIO: 0.27 times Growth Option 11.9649 Dividend Option 10.6111 Style Growth Value Large Small Volatility 28.83% Sharpe Ratio -2.43 Portfolio Beta 1.05 R squared 0.94 Market Cap (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) 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. MAHINDRA & MAHINDRA LTD. 3.50 TATA MOTORS LTD. 2.92 HERO MOTOCORP LTD. 1.73 MARUTI SUZUKI INDIA LTD. 0.79 AUTO ANCILLARIES BHARAT FORGE LTD. 0.28 HDFC BANK LTD. 5.74 STATE BANK OF INDIA 3.93 ICICI BANK LTD. 3.48 AXIS BANK LTD. 1.73 IDBI BANK LTD 0.95 KOTAK MAHINDRA BANK LTD. 0.86 ANDHRA BANK LTD 0.72 UNION BANK OF INDIA LTD 0.53 BANK OF BARODA LTD 0.44 YES BANK LTD. 0.44 PUNJAB NATIONAL BANK LTD 0.20 Consumer Durables VOLTAS LTD. 0.44 Consumer Non-durables ITC LTD. 8.77 HINDUSTAN UNILEVER LTD. 0.84 BALRAMPUR CHINI MILLS LTD. 0.18 TATA STEEL LTD. 2.51 JINDAL STEEL & POWER LTD. 1.00 STEEL AUTHORITY OF INDIA LTD. 0.59 HOUSING DEVELOPMENT FINANCE CORP.N LTD. 4.50 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 1.05 Gas GAIL (INDIA) LTD. 1.94 PETRONET LNG LTD. 0.91 Hotels INDIAN HOTELS COMPANY LTD. 0.56 LARSEN & TOUBRO LTD. 5.30 BHARAT HEAVY ELECTRICALS LTD. 2.64 Industrial Products SIEMENS LTD. 0.18 Minerals/Mining STERLITE INDUSTRIES (INDIA) LTD. 1.31 SESA GOA LTD. 0.78 NMDC LTD 0.63 COAL INDIA LTD. 0.60 Non-ferrous Metals HINDALCO INDUSTRIES LTD. 1.35 Oil OIL & NATURAL GAS CORPN. LTD. 2.81 RELIANCE INDUSTRIES LTD. 6.15 BHARAT PETROLEUM CORPN. LTD. 0.29 SUN PHARMACEUTICAL INDS. LTD. 1.41 DR REDDY'S LABORATORIES LTD. 0.86 CIPLA LTD. 0.63 RANBAXY LABORATORIES LTD. 0.52 NEYVELI LIGNITE CORPN. LTD. 0.51 NTPC LTD. 0.27 PTC INDIA LTD. 0.22 TATA POWER COMPANY LTD. 0.19 INFOSYS LTD. 7.30 TATA CONSULTANCY SERVICES LTD. 4.63 WIPRO LTD. 1.71 HCL TECHNOLOGIES LTD. 0.83 Telecom Services BHARTI AIRTEL LTD. 1.52 IDEA CELLULAR LTD. 0.63 Transportation MUNDRA PORT & SPECIAL ECONOMIC ZONE LTD 0.69 Total Equity Holdings 95.48 Other Assets Cash and Call, Current Assets and Receivables 4.52 Total Assets 100.00 SECTOR ALLOCATION - TOTAL ASSETS Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Oct 01, 2010 To Sep 30, 2011-19.80-18.01-18.02 Last 1 Year 8,022 8,199 8,198 Oct 01, 2009 To Sep 30, 2010 18.00 17.18 18.61 Last 2 Years 9,463 9,607 9,723 Oct 01, 2008 To Sep 30, 2009 36.10 33.17 29.65 Last 3 Years 12,883 12,794 12,606 11,217 40,087 39,452 0.67 14.45 14.48 16 MUTUAL INTEREST November, 2011

LIC NOMURA MF TAX PLAN Scheme Type: Equity Linked Savings Scheme Date of allotment: January 10, 1997 AUM as on 31/10/2011: INR 35.49 Cr Exit Load: Nil Benchmark: BSE Sensex Minimum Investment: Rs. 500/- Offered under ELSS - 3 years lock-in period Name: Shri Eiichi Oka as on October 31, 2011 EXPENSE RATIO : 2.24% ANNUAL TURNOVER RATIO: 0.42 times Growth Option 27.2684 Dividend Option 9.7634 Style Growth Value Large Small Volatility 26.16% Sharpe Ratio -2.90 Portfolio Beta 0.96 R squared 0.95 Market Cap (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. MAHINDRA & MAHINDRA LTD. 3.16 TATA MOTORS LTD. 2.24 MARUTI SUZUKI INDIA LTD. 0.76 Ancillaries MRF LTD. 1.11 BHARAT FORGE LTD. 0.84 HDFC BANK LTD. 5.81 ICICI BANK LTD. 4.59 STATE BANK OF INDIA 4.14 KOTAK MAHINDRA BANK LTD. 1.88 AXIS BANK LTD. 1.38 BANK OF BARODA LTD 0.87 PUNJAB NATIONAL BANK LTD 0.42 UNION BANK OF INDIA LTD 0.32 ALLAHABAD BANK LTD 0.21 ANDHRA BANK LTD 0.13 Consumer Durables VOLTAS LTD. 0.78 Consumer Non-durables ITC LTD. 8.33 TATA STEEL LTD. 3.40 JINDAL STEEL & POWER LTD. 2.22 STEEL AUTHORITY OF INDIA LTD. 0.96 HOUSING DEVELOPMENT FINANCE CORP. LTD. 3.87 RURAL ELECTRIFICATION CORPN LTD 0.61 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 0.56 Gas GAIL (INDIA) LTD. 1.72 Hotels INDIAN HOTELS COMPANY LTD. 0.99 Period Fund BSE Sensex Nifty Last 1 Year 8,118 8,199 8,198 Last 2 Years 9,243 9,607 9,723 Last 3 Years 11,991 12,794 12,606 25,703 50,410 53,059 LARSEN & TOUBRO LTD. 4.02 BHARAT HEAVY ELECTRICALS LTD. 2.91 Minerals/Mining SESA GOA LTD. 1.17 NMDC LTD 0.28 Non-ferrous Metals HINDALCO INDUSTRIES LTD. 0.38 Oil OIL & NATURAL GAS CORPN. LTD. 2.86 RELIANCE INDUSTRIES LTD. 6.92 INDIAN OIL CORPN. LTD. 0.88 BHARAT PETROLEUM CORPN. LTD. 0.53 HINDUSTAN PETROLEUM CORPORATION LTD. 0.03 DR REDDY'S LABORATORIES LTD. 1.41 RANBAXY LABORATORIES LTD. 0.85 CIPLA LTD. 0.73 SUN PHARMACEUTICAL INDS. LTD. 0.64 TATA POWER COMPANY LTD. 0.56 INFOSYS LTD. 8.10 TATA CONSULTANCY SERVICES LTD. 5.02 WIPRO LTD. 0.83 Telecom Services BHARTI AIRTEL LTD. 3.97 IDEA CELLULAR LTD. 0.27 Transportation CONTAINER CORPN. OF INDIA LTD. 1.08 MUNDRA PORT & SPECIAL ECONOMIC ZONE LTD 0.41 Total Equity Holdings 95.15 Other Assets Cash and Call, Current Assets and Receivables 4.85 Total Assets 100.00 Period Fund BSE Sensex Nifty Oct 01, 2010 To Sep 30, 2011 18.80-18.01-18.02 Oct 01, 2009 To Sep 30, 2010 13.90 17.18 18.61 Oct 01, 2008 To Sep 30, 2009 27.90 33.17 29.65 SECTOR ALLOCATION - TOTAL ASSETS 6.49 14.45 14.48 17

LIC NOMURA MF INDEX FUND - SENSEX PLAN Scheme Type: Equity - Index Date of allotment: November 14, 2002 AUM as on 31/10/2011: INR 25.96 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Eiichi Oka as on October 31, 2011 Growth Option 33.1717 Dividend Option 11.3693 Style Growth Value Large Small Market Cap 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. MAHINDRA & MAHINDRA LTD. 2.86 TATA MOTORS LTD. 2.53 BAJAJ AUTO LTD 1.69 HERO MOTOCORP LTD. 1.46 MARUTI SUZUKI INDIA LTD. 1.10 ICICI BANK LTD. 7.25 HDFC BANK LTD. 6.17 STATE BANK OF INDIA 3.68 Construction DLF LTD. 0.70 JAIPRAKASH ASSOCIATES LTD. 0.61 Consumer Non-durables ITC LTD. 7.81 HINDUSTAN UNILEVER LTD. 2.74 TATA STEEL LTD. 2.19 JINDAL STEEL & POWER LTD. 1.60 HOUSING DEVELOPMENT FINANCE CORP. LTD. 6.48 LARSEN & TOUBRO LTD. 5.25 BHARAT HEAVY ELECTRICALS LTD. 1.84 Minerals / Mining COAL INDIA LTD. 1.42 STERLITE INDUSTRIES (INDIA) LTD. 1.30 Non-ferrous Metals HINDALCO INDUSTRIES LTD. 1.24 Oil OIL & NATURAL GAS CORPN. LTD. 3.21 RELIANCE INDUSTRIES LTD. 10.67 SUN PHARMACEUTICAL INDS. LTD. 1.41 CIPLA LTD. 1.04 NTPC LTD. 1.99 TATA POWER COMPANY LTD. 1.12 INFOSYS LTD. 9.48 TATA CONSULTANCY SERVICES LTD. 4.42 WIPRO LTD. 1.52 Telecom Services BHARTI AIRTEL LTD. 3.51 Total Equity Holdings 98.29 Other Assets Cash and Call, Current Assets and Receivables 1.71 Total Assets 100.00 EXPENSE RATIO : 1.39% ANNUAL TURNOVER RATIO : 0.11 times Tracking error 1.60% Volatility 25.73% Sharpe Ratio -2.80 Portfolio Beta 0.96 R squared 0.97 (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Oct 01, 2010 To Sep 30, 2011-17.80-18.01-18.02 Last 1 Year 8,225 8,199 8,198 Oct 01, 2009 To Sep 30, 2010 17.60 17.18 18.61 Last 2 Years 9,671 9,607 9,723 Oct 01, 2008 To Sep 30, 2009 31.20 33.17 29.65 Last 3 Years 12,685 12,794 12,606 34,034 51,087 47,092 14.85 14.45 14.48 SECTOR ALLOCATION - TOTAL ASSETS 18 MUTUAL INTEREST November, 2011

LIC NOMURA MF INDEX FUND - NIFTY PLAN Scheme Type: Equity - Index Date of allotment: November 14, 2002 AUM as on 31/10/2011: INR 32.27 Cr Benchmark: S&P CNX Nifty Minimum Investment: Rs. 2000/- Name: Shri Eiichi Oka as on October 31, 2011 EXPENSE RATIO : 1.17% ANNUAL TURNOVER RATIO : 0.20 times Growth Option 29.6274 Dividend Option 10.9292 Style Growth Value Large Small Tracking error 1.88% Volatility 25.66% Sharpe Ratio -2.83 Portfolio Beta 0.98 R squared 0.97 Market Cap (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) SECTOR ALLOCATION - TOTAL ASSETS 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. MAHINDRA & MAHINDRA LTD. 2.39 TATA MOTORS LTD. 2.08 BAJAJ AUTO LTD 1.39 HERO MOTOCORP LTD. 1.25 MARUTI SUZUKI INDIA LTD. 0.90 ICICI BANK LTD. 6.43 HDFC BANK LTD. 5.27 STATE BANK OF INDIA 2.95 AXIS BANK LTD. 1.80 KOTAK MAHINDRA BANK LTD. 1.13 PUNJAB NATIONAL BANK LTD 0.77 Cement GRASIM INDUSTRIES LTD. 0.95 GUJARAT ALKALIES & CHEMICALS LTD. 0.70 ACC LTD. 0.67 Construction DLF LTD. 0.52 JAIPRAKASH ASSOCIATES LTD. 0.52 Consumer Non-durables ITC LTD. 6.84 HINDUSTAN UNILEVER LTD. 2.31 TATA STEEL LTD. 1.93 JINDAL STEEL & POWER LTD. 1.32 STEEL AUTHORITY OF INDIA LTD. 0.39 HOUSING DEVELOPMENT FINANCE CORP. LTD. 5.48 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 0.94 Gas GAIL (INDIA) LTD. 1.14 LARSEN & TOUBRO LTD. 4.55 BHARAT HEAVY ELECTRICALS LTD. 1.51 Period Fund Nifty Sensex Last 1 Year 8,273 8,198 8,199 Last 2 Years 9,832 9,723 9,607 Last 3 Years 12,042 12,606 12,794 30,371 47,092 51,087 Industrial Products SIEMENS LTD. 0.44 Minerals / Mining COAL INDIA LTD. 1.26 STERLITE INDUSTRIES (INDIA) LTD. 1.08 SESA GOA LTD. 0.49 Non-ferrous Metals HINDALCO INDUSTRIES LTD. 1.04 Oil OIL & NATURAL GAS CORPN. LTD. 2.24 CAIRN INDIA LTD. 0.65 RELIANCE INDUSTRIES LTD. 8.88 BHARAT PETROLEUM CORPN. LTD. 0.49 DR REDDY'S LABORATORIES LTD. 1.26 SUN PHARMACEUTICAL INDS. LTD. 1.14 CIPLA LTD. 0.90 RANBAXY LABORATORIES LTD. 0.46 NTPC LTD. 1.37 TATA POWER COMPANY LTD. 0.98 POWER GRID CORPN. OF INDIA LTD. 0.89 RELIANCE INFRASTRUCTURE LTD 0.38 RELIANCE POWER LTD 0.31 INFOSYS LTD. 8.33 TATA CONSULTANCY SERVICES LTD. 3.40 WIPRO LTD. 1.12 HCL TECHNOLOGIES LTD. 0.66 Telecom Services BHARTI AIRTEL LTD. 2.83 RELIANCE COMMUNICATIONS LTD. 0.32 Total Equity Holdings 97.06 Other Assets Cash and Call, Current Assets and Receivables 2.94 Total Assets 100.00 Period Fund Nifty Oct 01, 2010 To Sep 30, 2011 Sensex -17.30-18.02-18.01 Oct 01, 2009 To Sep 30, 2010 18.80 18.61 17.18 Oct 01, 2008 To Sep 30, 2009 22.50 29.65-33.17 13.38 14.48 14.45 19

LIC NOMURA MF INDEX FUND - SENSEX ADVANTAGE PLAN Scheme Type: Equity - Index Date of allotment: November 14, 2002 AUM as on 31/10/2011: INR 4.52 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Eiichi Oka as on October 31, 2011 EXPENSE RATIO : 1.50% ANNUAL TURNOVER RATIO : 0.22 times Growth Option 30.9452 Dividend Option 10.9470 Style Growth Value Large Small Tracking error 4.00% Volatility 25.62% Sharpe Ratio -2.84 Portfolio Beta 0.95 R squared 0.96 Market Cap (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) 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. MAHINDRA & MAHINDRA LTD. 2.23 TATA MOTORS LTD. 2.03 BAJAJ AUTO LTD 1.30 HERO MOTOCORP LTD. 1.15 MARUTI SUZUKI INDIA LTD. 0.84 Ancillaries BHARAT FORGE LTD. 1.46 ICICI BANK LTD. 5.60 HDFC BANK LTD. 4.78 STATE BANK OF INDIA 2.82 KOTAK MAHINDRA BANK LTD. 2.26 BANK OF BARODA LTD 1.30 AXIS BANK LTD. 1.03 Cement GUJARAT ALKALIES & CHEMICALS LTD. 1.03 Construction DLF LTD. 0.51 JAIPRAKASH ASSOCIATES LTD. 0.47 Consumer Non-durables ITC LTD. 6.07 HINDUSTAN UNILEVER LTD. 2.12 TATA STEEL LTD. 1.71 JINDAL STEEL & POWER LTD. 1.23 HOUSING DEVELOPMENT FINANCE CORP. LTD. 5.12 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 1.46 Gas PETRONET LNG LTD. 1.36 GAIL (INDIA) LTD. 1.31 Period Fund BSE Sensex Nifty Last 1 Year 8,182 8,199 8,198 Last 2 Years 9,503 9,607 9,723 Last 3 Years 12,928 12,794 12,606 32,419 51,087 47,092 LARSEN & TOUBRO LTD. 4.06 BHARAT HEAVY ELECTRICALS LTD. 1.41 Minerals / Mining SESA GOA LTD. 2.06 COAL INDIA LTD. 1.36 STERLITE INDUSTRIES (INDIA) LTD. 1.00 Non-ferrous Metals HINDALCO INDUSTRIES LTD. 0.96 Oil OIL & NATURAL GAS CORPN. LTD. 2.52 RELIANCE INDUSTRIES LTD. 8.23 SUN PHARMACEUTICAL INDS. LTD. 1.35 LUPIN LTD. 1.14 CIPLA LTD. 0.80 TATA POWER COMPANY LTD. 0.99 NTPC LTD. 1.56 INFOSYS LTD. 7.33 TATA CONSULTANCY SERVICES LTD. 3.40 HCL TECHNOLOGIES LTD. 1.47 WIPRO LTD. 1.18 Telecom Services BHARTI AIRTEL LTD. 2.75 IDEA CELLULAR LTD. 0.52 Total Equity Holdings 93.25 Other Assets Cash and Call, Current Assets and Receivables 6.75 Total Assets 100.00 Period Fund BSE Sensex Nifty Oct 01, 2010 To Sep 30, 2011-18.20-18.01-18.02 Oct 01, 2009 To Sep 30, 2010 16.10 17.18 18.61 Oct 01, 2008 To Sep 30, 2009 36.00 33.17 29.65 SECTOR ALLOCATION - TOTAL ASSETS 14.22 14.45 14.48 20 MUTUAL INTEREST November, 2011

LIC NOMURA MF OPPORTUNITIES FUND Scheme Type: Equity - Diversified Date of allotment: January 31, 2005 AUM as on 31/10/2011: INR 36.68 Cr Benchmark: BSE 200 Minimum Investment: Rs. 5000/- Name: Shri Eiichi Oka as on October 31, 2011 EXPENSE RATIO : 2.11% Growth Option 17.2134 Dividend Option 9.7961 Style Growth Value Large Small Market Cap ANNUAL TURNOVER RATIO : 0.21 times 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. MAHINDRA & MAHINDRA LTD. 3.65 TATA MOTORS LTD. 3.25 MARUTI SUZUKI INDIA LTD. 1.30 Ancillaries BHARAT FORGE LTD. 0.41 ICICI BANK LTD. 5.58 HDFC BANK LTD. 4.83 STATE BANK OF INDIA 3.12 KOTAK MAHINDRA BANK LTD. 1.39 AXIS BANK LTD. 1.26 BANK OF BARODA LTD 0.98 ANDHRA BANK LTD 0.61 PUNJAB NATIONAL BANK LTD 0.53 ALLAHABAD BANK LTD 0.41 Consumer Durables GODREJ CONSUMER PRODUCTS LTD. 0.48 Consumer Non-durables ITC LTD. 5.52 TATA STEEL LTD. 3.16 JINDAL STEEL & POWER LTD. 1.37 STEEL AUTHORITY OF INDIA LTD. 1.06 HOUSING DEVELOPMENT FINANCE CORP. LTD. 5.43 Gas GAIL (INDIA) LTD. 2.30 PETRONET LNG LTD. 0.53 Hotels INDIAN HOTELS COMPANY LTD. 1.10 LARSEN & TOUBRO LTD. 3.81 BHARAT HEAVY ELECTRICALS LTD. 2.60 Minerals / Mining NMDC LTD 1.94 STERLITE INDUSTRIES (INDIA) LTD. 1.48 SESA GOA LTD. 1.30 Non-ferrous Metals HINDALCO INDUSTRIES LTD. 1.56 Oil OIL & NATURAL GAS CORPN. LTD. 2.58 RELIANCE INDUSTRIES LTD. 6.94 INDIAN OIL CORPN. LTD. 1.39 BHARAT PETROLEUM CORPN. LTD. 0.82 DR REDDY'S LABORATORIES LTD. 2.05 RANBAXY LABORATORIES LTD. 1.16 CIPLA LTD. 0.48 POWER GRID CORPN. OF INDIA LTD. 1.71 PTC INDIA LTD. 0.96 INFOSYS LTD. 7.45 TATA CONSULTANCY SERVICES LTD. 3.34 HCL TECHNOLOGIES LTD. 1.21 WIPRO LTD. 1.09 Telecom Services BHARTI AIRTEL LTD. 2.67 Total Equity Holdings 94.81 Other Assets Cash and Call, Current Assets and Receivables 5.19 Total Assets 100.00 Volatility 24.51% Sharpe Ratio -3.09 Portfolio Beta 0.87 R squared 0.96 (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) Period Fund BSE 200 Nifty Period Fund BSE 200 Nifty Oct 01, 2010 To Sep 30, 2011-19.60-19.85-18.02 Last 1 Year 8,040 8,015 8,198 Oct 01, 2009 To Sep 30, 2010 15.10 20.79 18.61 Last 2 Years 9,251 9,682 9,723 Oct 01, 2008 To Sep 30, 2009 23.00 34.66 29.65 Last 3 Years 11,379 13,038 12,606 16,177 23,164 24,194 SECTOR ALLOCATION - TOTAL ASSETS 7.55 14.11 14.48 21

LIC NOMURA MF INDIA VISION FUND Scheme Type: Equity - Diversified Date of allotment: November 23, 2006 AUM as on 31/10/2011: INR 47.75 Cr Benchmark: BSE 200 Minimum Investment: Rs. 2000/- Name: Shri Eiichi Oka as on October 31, 2011 EXPENSE RATIO : 2.50% ANNUAL TURNOVER RATIO : 0.37 times Growth Option 8.1161 Dividend Option 8.1156 Style Growth Value Large Small Volatility 23.24% Sharpe Ratio -3.47 Portfolio Beta 0.79 R squared 0.92 Market Cap (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) 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. TATA MOTORS LTD. 3.64 MAHINDRA & MAHINDRA LTD. 3.39 ASHOK LEYLAND LTD. 0.57 Ancillaries BHARAT FORGE LTD. 0.65 ICICI BANK LTD. 4.48 YES BANK LTD. 2.63 STATE BANK OF INDIA 2.60 IDBI BANK LTD 2.08 AXIS BANK LTD. 1.94 HDFC BANK LTD. 1.28 BANK OF BARODA LTD 0.97 ORIENTAL BANK OF COMMERCE LTD 0.91 KOTAK MAHINDRA BANK LTD. 0.75 ANDHRA BANK LTD 0.67 ALLAHABAD BANK LTD 0.57 VIJAYA BANK LTD 0.26 Construction IRB INFRASTRUCTURE DEVELOPERS LTD 0.43 Consumer Durables GODREJ CONSUMER PRODUCTS LTD. 0.46 Consumer Non-durables ITC LTD. 6.03 TATA TEA LTD. 0.77 TATA STEEL LTD. 2.53 HOUSING DEVELOPMENT FINANCE CORP. LTD. 5.69 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 2.08 Period Fund BSE 200 Nifty Last 1 Year 7,710 8,015 8,198 Last 2 Years 9,242 9,682 9,723 Last 3 Years 9,498 13,038 12,606 7,593 12,591 12,769 Gas GAIL (INDIA) LTD. 1.24 PETRONET LNG LTD. 0.47 LARSEN & TOUBRO LTD. 5.77 BHARAT HEAVY ELECTRICALS LTD. 1.33 Minerals / Mining SESA GOA LTD. 1.30 COAL INDIA LTD. 1.09 STERLITE INDUSTRIES (INDIA) LTD. 0.27 Non-ferrous Metals HINDALCO INDUSTRIES LTD. 3.00 Oil OIL & NATURAL GAS CORPN. LTD. 3.50 RELIANCE INDUSTRIES LTD. 5.88 HINDUSTAN PETROLEUM CORPORATION LTD. 1.40 BHARAT PETROLEUM CORPN. LTD. 0.39 SUN PHARMACEUTICAL INDS. LTD. 3.16 RANBAXY LABORATORIES LTD. 2.00 LUPIN LTD. 0.30 JUBILANT LIFE SCIENCES LTD. 0.25 PTC INDIA LTD. 2.59 INFOSYS LTD. 7.23 TATA CONSULTANCY SERVICES LTD. 6.07 HCL TECHNOLOGIES LTD. 0.98 Telecom Services BHARTI AIRTEL LTD. 1.80 Total Equity Holdings 95.34 Other Assets Cash and Call, Current Assets and Receivables 4.66 Total Assets 100.00 Period Fund BSE 200 Nifty Oct 01, 2010 To Sep 30, 2011-22.90-19.85-18.02 Oct 01, 2009 To Sep 30, 2010 19.90 20.79 18.61 Oct 01, 2008 To Sep 30, 2009 2.80 34.66 29.65 SECTOR ALLOCATION - TOTAL ASSETS -5.68 14.11 14.48 22 MUTUAL INTEREST November, 2011

LIC NOMURA MF SYSTEMATIC ASSET ALLOCATION FUND Scheme Type: Equity - Diversified Date of allotment: August 16, 2007 AUM as on 31/10/2011: INR 58.57 Cr Benchmark: BSE Sensex Minimum Investment: Rs. 2000/- Name: Shri Eiichi Oka as on October 31, 2011 EXPENSE RATIO : 2.23% Growth Option 9.5086 Dividend Option 9.5108 Style Growth Value Large Small Market Cap ANNUAL TURNOVER RATIO : 0.22 times The investment objective of the scheme is to achieve a long term growth by investing systematically in the Equity / Equity related instruments. MAHINDRA & MAHINDRA LTD. 4.20 TATA MOTORS LTD. 3.81 HERO MOTOCORP LTD. 2.51 HDFC BANK LTD. 5.52 STATE BANK OF INDIA 3.26 AXIS BANK LTD. 1.98 BANK OF BARODA LTD 1.32 DENA BANK LTD 0.41 ALLAHABAD BANK LTD 0.08 ANDHRA BANK LTD 0.06 Cement ACC LTD. 1.02 Consumer Durables VOLTAS LTD. 0.70 Consumer Non-durables ITC LTD. 4.37 TATA STEEL LTD. 4.12 JINDAL STEEL & POWER LTD. 1.92 HOUSING DEVELOPMENT FINANCE CORP. LTD. 4.81 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 1.92 Gas GAIL (INDIA) LTD. 2.38 Hotels INDIAN HOTELS COMPANY LTD. 0.90 LARSEN & TOUBRO LTD. 5.31 BHARAT HEAVY ELECTRICALS LTD. 3.39 Minerals / Mining SESA GOA LTD. 1.24 STERLITE INDUSTRIES (INDIA) LTD. 1.09 Non-ferrous Metals HINDALCO INDUSTRIES LTD. 0.93 Oil OIL & NATURAL GAS CORPN. LTD. 1.42 RELIANCE INDUSTRIES LTD. 8.99 BHARAT PETROLEUM CORPN. LTD. 0.96 HINDUSTAN PETROLEUM CORPORATION LTD. 0.85 CIPLA LTD. 2.01 RANBAXY LABORATORIES LTD. 1.20 NTPC LTD. 2.34 TATA POWER COMPANY LTD. 1.54 NEYVELI LIGNITE CORPN. LTD. 1.04 INFOSYS LTD. 7.85 TATA CONSULTANCY SERVICES LTD. 4.76 Telecom Services BHARTI AIRTEL LTD. 3.68 Transportation MUNDRA PORT & SPECIAL ECONOMIC ZONE LTD 1.40 Total Equity Holdings 95.27 Other Assets Cash and Call, Current Assets and Receivables 4.73 Total Assets 100.00 Volatility 16.85% Sharpe Ratio -5.34 Portfolio Beta 0.91 R squared 0.89 (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) Period Fund BSE Sensex Nifty Period Fund BSE Sensex Nifty Oct 01, 2010 To Sep 30, 2011-18.20-18.01-18.02 Last 1 Year 8,183 8,199 8,198 Oct 01, 2009 To Sep 30, 2010 4.00 17.18 18.61 Last 2 Years 8,507 9,607 9,723 Oct 01, 2008 To Sep 30, 2009 9.60 33.17 29.65 Last 3 Years 9,321 12,794 12,606 8,921 10,545 10,941-2.78 14.45 14.48 SECTOR ALLOCATION - TOTAL ASSETS 23

LIC NOMURA MF TOP 100 FUND Scheme Type: Equity - Diversified Date of allotment: November 15, 2007 AUM as on 31/10/2011: INR 234.978 Cr Benchmark: CNX 100 Minimum Investment: Rs. 2000/- Name: Shri Eiichi Oka as on October 31, 2011 EXPENSE RATIO : 2.35% ANNUAL TURNOVER RATIO : 0.16 times Growth Option 7.4521 Dividend Option 7.4519 Style Growth Value Large Small Volatility 23.44% Sharpe Ratio -3.37 Portfolio Beta 0.87 R squared 0.96 Market Cap (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) 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. TATA MOTORS LTD. 3.50 MAHINDRA & MAHINDRA LTD. 3.32 Ancillaries BHARAT FORGE LTD. 1.04 HDFC BANK LTD. 4.01 AXIS BANK LTD. 3.11 STATE BANK OF INDIA 3.00 BANK OF BARODA LTD 2.75 ICICI BANK LTD. 1.98 IDBI BANK LTD 1.33 KOTAK MAHINDRA BANK LTD. 0.72 UNION BANK OF INDIA LTD 0.71 VIJAYA BANK LTD 0.08 Consumer Non-durables ITC LTD. 4.04 HINDUSTAN UNILEVER LTD. 2.48 TATA STEEL LTD. 2.94 JINDAL STEEL & POWER LTD. 0.66 STEEL AUTHORITY OF INDIA LTD. 0.41 HOUSING DEVELOPMENT FINANCE CORP. LTD. 4.62 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 2.36 POWER FINANCE CORPN. LTD. 0.96 Gas GAIL (INDIA) LTD. 3.24 Hotels INDIAN HOTELS COMPANY LTD. 0.16 LARSEN & TOUBRO LTD. 5.53 BHARAT HEAVY ELECTRICALS LTD. 2.57 Period Fund CNX 100 Nifty Last 1 Year 7,805 8,134 8,198 Last 2 Years 8,892 9,836 9,723 Last 3 Years 10,481 13,092 12,606 7,452 8,158 8,174 Industrial Products SIEMENS LTD. 0.59 Minerals / Mining STERLITE INDUSTRIES (INDIA) LTD. 2.48 SESA GOA LTD. 0.35 Non-ferrous Metals HINDALCO INDUSTRIES LTD. 0.50 Oil OIL & NATURAL GAS CORPN. LTD. 3.67 RELIANCE INDUSTRIES LTD. 8.03 HINDUSTAN PETROLEUM CORPORATION LTD. 1.06 SUN PHARMACEUTICAL INDS. LTD. 2.57 LUPIN LTD. 1.40 RANBAXY LABORATORIES LTD. 1.28 CIPLA LTD. 0.63 BIOCON LTD. 0.26 TATA POWER COMPANY LTD. 2.50 RELIANCE INFRASTRUCTURE LTD 0.50 INFOSYS LTD. 6.21 TATA CONSULTANCY SERVICES LTD. 3.32 WIPRO LTD. 1.56 HCL TECHNOLOGIES LTD. 1.04 Telecom Services BHARTI AIRTEL LTD. 0.82 IDEA CELLULAR LTD. 0.24 Transportation MUNDRA PORT & SPECIAL ECONOMIC ZONE LTD 0.74 Total Equity Holdings 95.26 Other Assets Cash and Call, Current Assets and Receivables 4.74 Total Assets 100.00 Period Fund CNX 100 Nifty Oct 01, 2010 To Sep 30, 2011-21.90-18.66-18.02 Oct 01, 2009 To Sep 30, 2010 13.90 20.93 18.61 Oct 01, 2008 To Sep 30, 2009 17.90 33.11 29.65 SECTOR ALLOCATION - TOTAL ASSETS -9.19 19.8 14.48 24 MUTUAL INTEREST November, 2011

LIC NOMURA MF INFRASTRUCTURE FUND Scheme Type: Equity - Diversified Date of allotment: January 31, 2008 AUM as on 31/10/2011: INR 122.25 Cr Benchmark: BSE 100 Minimum Investment: Rs. 2000/- Name: Shri Eiichi Oka as on October 31, 2011 EXPENSE RATIO : 2.43% ANNUAL TURNOVER RATIO : 0.10 times Growth Option 8.1054 Dividend Option 8.1052 Style Growth Value Large Small Volatility 26.76% Sharpe Ratio -2.95 Portfolio Beta 0.96 R squared 0.96 Market Cap (Risk free rate use for calculation of sharp ratio is 7.9%, Figure based on 3 years monthly data History) 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. MAHINDRA & MAHINDRA LTD. 3.95 TATA MOTORS LTD. 2.68 HERO MOTOCORP LTD. 1.22 MARUTI SUZUKI INDIA LTD. 0.46 Ancillaries BHARAT FORGE LTD. 1.15 ICICI BANK LTD. 4.57 HDFC BANK LTD. 4.20 STATE BANK OF INDIA 2.34 KOTAK MAHINDRA BANK LTD. 1.97 IDBI BANK LTD 1.73 UNION BANK OF INDIA LTD 0.92 ORIENTAL BANK OF COMMERCE LTD 0.71 ANDHRA BANK LTD 0.68 BANK OF INDIA LTD 0.54 AXIS BANK LTD. 0.47 Cement ACC LTD. 0.98 GUJARAT ALKALIES & CHEMICALS LTD. 0.25 Consumer Durables VOLTAS LTD. 0.71 JINDAL STEEL & POWER LTD. 3.42 TATA STEEL LTD. 2.77 STEEL AUTHORITY OF INDIA LTD. 1.44 JSW STEEL LTD. 0.27 HOUSING DEVELOPMENT FINANCE CORP.N LTD. 5.62 INFRASTRUCTURE DEV. FINANCE COMPANY LTD. 0.24 Period Fund BSE 100 Nifty Last 1 Year 7,415 8,105 8,198 Last 2 Years 8,230 9,645 9,723 Last 3 Years 10,423 12,872 12,606 8,105 9,158 9,463 Gas GAIL (INDIA) LTD. 5.23 Hotels INDIAN HOTELS COMPANY LTD. 1.36 LARSEN & TOUBRO LTD. 8.21 BHARAT HEAVY ELECTRICALS LTD. 6.39 Minerals / Mining STERLITE INDUSTRIES (INDIA) LTD. 2.53 SESA GOA LTD. 0.97 NMDC LTD 0.87 GUJARAT NRE COKE LTD. 0.32 Non-ferrous Metals HINDALCO INDUSTRIES LTD. 1.12 Oil OIL & NATURAL GAS CORPN. LTD. 3.53 RELIANCE INDUSTRIES LTD. 8.97 INDIAN OIL CORPN. LTD. 1.03 HINDUSTAN PETROLEUM CORPORATION LTD. 1.01 BHARAT PETROLEUM CORPN. LTD. 0.82 TATA POWER COMPANY LTD. 1.64 NTPC LTD. 0.66 Telecom Services BHARTI AIRTEL LTD. 3.84 IDEA CELLULAR LTD. 2.54 Transportation MUNDRA PORT & SPECIAL ECONOMIC ZONE LTD 0.67 CONTAINER CORPN. OF INDIA LTD. 0.56 Total Equity Holdings 95.56 Other Assets Cash and Call, Current Assets and Receivables 4.44 Total Assets 100.00 Period Fund BSE 100 Nifty Oct 01, 2010 To Sep 30, 2011-25.80-18.95-18.02 Oct 01, 2009 To Sep 30, 2010 11.00 19.00 18.61 Oct 01, 2008 To Sep 30, 2009 26.70 33.46 29.65 SECTOR ALLOCATION - TOTAL ASSETS -7.01 14.62 14.48 25

DIVIDEND HISTORY DIVIDEND HISTORY OF LIC NOMURA MF LIQUID FUND Frequency Record Date Face Value Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit August, 2011 0.07560 September, 2011 0.07460 October, 2011 0.07860 DIVIDEND HISTORY OF LIC NOMURA MF SAVINGS PLUS FUND Frequency Record Date Face Value Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit Daily August,2011 0.0657 September,2011 0.0661 October, 2011 0.0659 Weekly August,2011 0.0575 September,2011 0.0597 October, 2011 0.0592 Monthly August,2011 0.0500 September, 2011 0.0516 October, 2011 0.0666 DIVIDEND HISTORY OF LIC NOMURA MF FLOATER MIP Frequency Record Date Face Value Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit Monthly June 30, 2011 10.0000 10.1853 0.1000 October 31, 2011 10.0000 10.0990 0.0700 Quarterly June 14, 2011 10.0000 10.4283 0.2500 Yearly April 1, 2009 10.0000 10.1687 0.1600 March 9, 2010 10.0000 11.6384 1.5000 June 14, 2011 10.0000 10.9636 0.6500 DIVIDEND HISTORY OF LIC NOMURA MF BOND FUND Frequency Record Date Face Value Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit Quarterly August 11, 2011 10.0000 11.3990 0.25 DIVIDEND HISTORY OF LIC NOMURA MF G-SEC FUND PF PLAN Frequency Record Date Face Value Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit August 11, 2011 10.0000 12.5006 0.50 DIVIDEND HISTORY OF LIC NOMURA MF MONTHLY INCOME PLAN Frequency Record Date Face Value Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit Yearly April 9, 2009 10.0000 10.1579 0.1400 March 9, 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 Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit Daily August, 2011 0.0693 September, 2011 0.0681 October, 2011 0.0694 Weekly August, 2011 0.0763 September, 2011 0.0611 October, 2011 0.0623 Monthly August, 2011 0.0700 September, 2011 0.0533 October, 2011 0.0700 DIVIDEND HISTORY OF LIC NOMURA MF FLOATING RATE FUND - STP Frequency Record Date Face Value Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit Daily August, 2011 0.0677 September, 2011 0.0678 October, 2011 0.0676 Weekly August, 2011 0.0745 September, 2011 0.0616 October, 2011 0.0620 DIVIDEND HISTORY OF LIC NOMURA MF G-SEC FUND Frequency Record Date Face Value Nav Gross Dividend (Rs.) (Rs.) (Rs.)/unit August 11, 2011 10.0000 10.7700 0.20 Fund Manager - Mr Eiichi Oka Top 3 Scheme Name 1-year Return LIC Nomura MF Nifty Plan -10.84% LIC Nomura MF Index Fund - -11.37% Sensex Plan LIC Nomura MF Index Fund - Sensex Advantage Plan -12.12% Bottom 3 Scheme Name 1-year Return LIC Nomura MF Top 100 Fund -16.82% LIC Nomura MF India Vision Fund -18.91% LIC Nomura MF Infrastructure Fund -21.70% Fund Manager s Performance Fund Manager - Mrs. Bichitra Mahapatra Top Performance Scheme Name 1-year Return LIC Nomura MF Floater MIP 3.34 LIC Nomura MF MIP 0.61 Bottom 3 LIC Nomura MF ULIS -7.29 LIC Nomura MF Balanced -10.40 LIC Nomura MF Children -12.32 Fund Manager - Mr. Y. D. Prasanna Top 3 Scheme Name 1-year Return LIC Nomura MF Qtly-Inv-2-Reg 9.06 LIC Nomura MF Qtly-Inv-1-Reg 8.90 LIC Nomura MF Mthly-Inv-1-Reg 8.81 Bottom 3 Scheme Name 1-year Return LIC Nomura MF Savings Plus 7.52 LIC Nomura MF FRF-STP 7.18 LIC Nomura MF G-Sec-Reg 6.60 26 MUTUAL INTEREST November, 2011

Single investment Multiple advantages Maturity Bonus IT Rebate Low Cost Life Insurance Free Accident Cover Single / Regular / SIP Contribution Capital Appreciation 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. l Minimum 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/- Risk Factors: Mutual Funds and Securities Investments are subject to market risks and there is no assurance and guarantee that the objectives of the Schemes will be achieved. As with any investment in securities, the of the units issued under the Schemes may go up or down depending on the various factors and forces affecting the capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Schemes and may not necessarily provide a basis of comparison with other investments. The Sponsor is not responsible for or liable to any loss resulting from the operations of the scheme beyond their initial contribution of Rs.2 Cr towards the setting up of the Mutual Fund. LIC NOMURA MF Unit Linked Insurance Scheme is the name of the scheme and does not indicate either the quality of the scheme, its future prospects or returns. The of the units of the scheme may be affected by changes in general level of interest rates. Investors should read the Scheme Information Document / Statement of Additional Information / Key Information Memorandum available at our Corporate Office / Area Offices / Business Centers, RTA, Distributors and Investor Service Centers carefully before investing. Statutory Details: Constitution: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. Trustee: LIC Mutual Fund Trustee Private Ltd. Investment Manager: LIC Mutual Fund Asset Management Ltd. 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.