birla empower web · 2017. 8. 28. · (source: imd) portfolio positioning-we saw further slowdown...

Monthly Factsheet | May 2017

Insights, learnings and the way forward

Voyage 2017

Investment Outlook-Equity

Almost everybody on the street is concerned not getting a market correction to deploy more. This behavioral trait is precisely what is holding the markets together and letting it climb the wall of worries. The large cap index - NSE Nifty 50 Index has been one of the best performers among the world markets with a USD return for the month of 2.3% and rupee return of 1.4%. The YTD return stands at 13.7% which is the third highest first four month return in the last 18 years. The other years were 2006 & 2009 where markets closed higher than the April level. The midcaps continue to outperform the large cap as the Midcap Index (NSE Nifty Free Float Midcap 100 Index) gained 5.2% for the month taking the YTD return to 26%. The small cap index (NSE Nifty Free Float Smallcap 100 Index) gained 6.6% for the month taking the YTD return to 28.8%. Both the midcap and small cap indices are having the best CYTD return after 2006. (Source: Bloomberg)

In terms of flows, the FPIs took a breather by selling USD 345mn after pumping in record flows in the previous two months. Among the domestic institutions, the mutual funds continue to buy as they pumped in USD 1.4 bn for the month while other DIIs were net sellers with a figure of USD 222 mn. (Source: Bloomberg)

On the data front, due to lower than expected increase in food prices, the March CPI came in at 3.8% which was a little better than estimates. The WPI came in at 5.7% vs. the estimation of 6% and lower than he figure of 6.5% in the previous month. The core CPI continued to soften. (Source: Bloomberg)

The April Manufacturing PMI was steady at 52.5. The Eight core industries growth for March was at 5.1% primarily because of double digit growth in coal and steel production. Indian Meteorological Department (IMD) predicted a normal monsoon this year. It projected rainfall of 96% of long period average. Analysts believe that El Nino could occur after the kharif season. (Source: Bloomberg; IMD)

The earnings season so far was largely in line with expectations. The NBFCs and HFCs have posted good numbers. Private banks loan growth was encouraging but credit costs were disappointing. IT sector was weak. The first round of French Presidential elections removed uncertainty of “Frexit” as the candidate who could win in the second round on 7th May’17 is pro-EU. After four years, sales growth of Caterpillar has turned positive and Cummins in the US has guided to grow at 4-7% in CY17 instead of decline of 5%. Both of these are growth positive and show huge potential for global growth. (Source: Print

Media)

Peter Lynch, the legendary investor said that “Far more money has been lost by investors preparing for corrections than has been lost in corrections themselves”. Our team believes that its tough to call for a market movement in the short term and as we highlighted in the previous month’s commentary, the 8 R’s would be driving the return from equities. Reflation trade taking a bit of set back getting flows back to India, Republicans providing checks and balance for Trumponomics, Remonetization of currency leading to normalization of growth, Rates getting transmitted into the system, Reform process to continue from the government, stability of the Rupee, hopefully a good Rainfall and most importantly Rebound in earnings. These 8 R’s would lead to the most import R which is Returns in the market.Investors could consider large cap, multi cap, balanced and dynamic equity funds from our stable.

Thank you. Happy investing!

USD: United States Dollar; CYTD: Calendar Year To Date; FPI: Foreign Portfolio Investors; DII: Domestic Institutional Investors; WPI: Wholesale Price Index; CPI: Consumer Price Index; PMI: Purchasing Managers Index; NBFC: Non Banking Financial Corporation; HFC: Housing Finance Companies; IT: Information Technology.

http://mutualfund.birlasunlife.com https://twitter.com/bslmf

https://www.facebook.com/bslmf https://www.linkedin.com/company/bslmfII

Post the RBI decided to stay on hold in terms of repo rate and reduced the policy corridor, all eyes were on Federal Reserve’s May decision which also did not throw up any surprises. The Chairperson decided to stay on hold in the May policy but given the commentary, the odds for a rate hike in June rose to 94%. (Source: Bloomberg)

Domestic growth-Various high frequency indicators have recovered from their demonetization lows but are still a fair distance away from their local peaks. IIP growth for Feb’17 contracted on account of both consumer and capital goods. There are issues with this IIP data which is marred by a couple of one offs. The comforting news is, the re-based IIP series should become available to us in this month. This re-basing exercise is expected to boost IIP prints and address various concerns around the construction of the index. Core IIP for Mar’17 improved to 5% yoy growth from 1% in Feb on account of all the 8 constituent sectors doing better than the previous month.

April however has been rather lackluster, PMI manufacturing and services both expanded but at slow pace. The passenger vehicle sales data on the other hand continued with robust growth rates in Apr as well. So, we are still getting mixed responses in the growth data bag hinting at a sluggish recovery at best. (Source: Bloomberg)

Infl ation-As unfavorable base effects dominated in case of CPI inflation, it rose from 3.65% in Feb to 3.81% in March even as food inflation remains unchanged as higher fuel inflation drove the increase. Going forward, we expect CPI to meaningfully over achieve Q1FY18 CPI inflation estimate to 4.2% and eventually over achieve the full year estimate of 4.75%. In case of WPI, with adverse base effects fading, headline wholesale inflation moderated a tad to 5.7% from 6.55%. FY17 CPI inflation averaged @ 4.5% about 40bps lower than FY16 average. WPI inflation for FY17 stood at 3.6% v/s -2.5% in FY16 as adverse base effects and sequential improvement in global commodity prices came into play. WPI series is also likely to undergo base revision soon and become more internationally comparable. (Source: Bloomberg)

External trade-The trade deficit for March widened to 10.4bn$ on account of higher gold and oil imports, while oil imports were basically a function of increase in price, the increase in gold imports did take us by surprise. FY17 trade deficit stood at 106bn$ down from 118bn$ seen in last year. Exports grew @ 5% while imports saw a 2% yoy growth. CAD for FY17 looks to be under 15bn$ down from ~22bn$ in FY16. (Source: Ministry of commerce)

Other developments-An important development was the minutes of the monetary policy committee meeting wherein one of the MPC members suggested a pre-emptive rate hike citing concerns around higher inflation and narrowing output gap. This added further hawkish bias to yields. But

at the same time, another MPC member talked of average CPI inflation for FY18 to be ~4.25% as against RBI’s own estimate of 4.75% and also talked of falling core CPI inflation and tapering of transmission from non-core to

core CPI inflation. Looks like our divergent view has found a taker in the MPC. (Source: RBI)

Another important forecast was that of normal South West monsoon for 2017. Not that there is any strong negative correlation between food inflation and monsoon rainfall (especially ever since the govt. has started to undertake astute food management) but this news should offer some welcome comfort to the policymakers and market participants. (Source: IMD)

Portfolio positioning-We saw further slowdown in Trump trade as the tax proposal unveiled by Treasury failed to convince markets. More details on it would be unveiled over the summer and would be a market mover. However in absence of any concrete reassurance on that front, the needle on the “Trump Trade” didn’t move during the month. Global yields traded in a range bound manner. We saw a retracement in commodity prices with Crude breaking the $50/bbl levels. (Source: Bloomberg)

Local yields spiked higher during the month and traded largely in a range as market was mostly caught between an improving inflation/macro outlook and hawkish minutes from the RBI. The flow from FPIs continued during the months as Indian macro compare well with its global peers. Currency continued to be well behaved, holding on to the gains post February. Domestic inflation continues to be benign as per our expectation as “core-core” inflation continued to behave well. We expect this trend to continue further towards RBI’s medium term target. RBI’s and Govt’s continued commitment to this as evident in RBI’s policy action only increases the probability of such eventuality. Given this view we continue to be biased towards duration. The risk to this view emanates primarily from global, as any unexpected actions either on the economic or geopolitical front can have repercussions on our currency and rates. Hence we remain on vigilant on this front while positioning our funds in line with our view.

Investment Outlook-Debt

III

IVhttp://mutualfund.birlasunlife.com https://twitter.com/bslmf

https://www.facebook.com/bslmf https://www.linkedin.com/company/bslmf

Vhttp://mutualfund.birlasunlife.com https://twitter.com/bslmf


Good to remember


https://www.facebook.com/bslmf https://www.linkedin.com/company/bslmfVI

Good to remember

VII

The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.

^Direct Plan under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor.**Default Plan: In case Distributor code is mentioned in the application form, but “Direct Plan” is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan. Further, where application is received for Regular Plan without Distributor code or “Direct” mentioned in the ARN Column, the application will be processed under Direct Plan.The default option under the Regular or Direct Plan of the Scheme, as the case maybe, shall be applied accordingly.

SCHEME PLAN/OPTION(which continue for fresh subscription)

DEFAULT OPTION**

MINIMUMINVESTMENTAMOUNT

EXIT LOADFor redemption-switch out consider from the date of allotment.

PLAN^ OPTION

Birla Sun Life Cash PlusRegular Plan

Daily Dividend (Reinvestment)

Daily Dividend Reinvestment ` 1,000/- NilWeekly Dividend (Payout / Reinvestment)

Direct PlanDividend (Payout / Reinvestment)

GrowthBirla Sun Life Floating Rate Fund - Short Term Plan Regular Plan

Daily Dividend (Reinvestment)Weekly Dividend (Reinvestment)

GrowthDaily Dividend Reinvestment ` 1,000/- Nil

Direct Plan

Birla Sun Life Cash Manager Regular Plan Daily Dividend (Reinvestment)Daily Dividend Reinvestment ` 1,000/- Nil

Direct PlanWeekly Dividend (Reinvestment)

GrowthBirla Sun Life Savings Fund Regular Plan Daily Dividend (Reinvestment)

Weekly Dividend (Payout / Reinvestment)Growth

Daily Dividend Reinvestment ` 1,000/- NilDirect Plan

Birla Sun Life Floating Rate Fund - Long Term Plan

Regular Plan Daily Dividend (Reinvestment)Weekly Dividend (Reinvestment)

GrowthDaily Dividend Reinvestment ` 1,000/- Nil

Direct Plan

Birla Sun Life Enhanced Arbitrage Fund

Regular Plan Dividend (Payout / Reinvestment /Sweep)Growth

Dividend Reinvestment ` 1,000/-For redemption/switch out of units within 30 days from the date of allotment: 0.50% of ap-plicable NAV For redemption/switch out of units after 30 days from the date of allotment: Nil (w.e.f. August 03, 2015)Direct Plan

Birla Sun Life Short Term Fund(erstwhile Birla Sun Life Income Fund)

Regular Plan Monthly Dividend (Payout/Reinvestment/Sweep)Dividend (Payout/Reinvestment/Sweep)

GrowthDividend Reinvestment ` 1,000/- Nil

Direct Plan

Birla Sun Life Short Term Opportunities Fund

Regular PlanQuarterly Dividend (Payout / Reinvestment)

Dividend (Payout / Reinvestment)Growth

Growth ` 1,000/-

In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 180 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 180 days from the date of allotment: Nil (w.e.f. October 10, 2016)

Direct Plan

Birla Sun Life Treasury Optimizer Plan (erstwhile Birla Sun Life Ultra Short Term Fund)

Regular Plan Monthly Dividend (Payout / Reinvestment)Quarterly Dividend (Payout / Reinvestment)

Dividend (Payout / Reinvestment)Growth

Monthly Dividend Reinvestment ` 1,000/- Nil Direct Plan

Birla Sun Life Medium Term PlanRegular Plan

Quarterly Dividend (Payout / Reinvestment)Half Yearly Dividend (Payout / Reinvestment)

Dividend (Payout / Reinvestment /Sweep)Growth

Growth ` 1,000/-

In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f. October 10, 2016)

Direct Plan

Birla Sun Life Corporate Bond FundRegular Plan Dividend (Payout / Reinvestment)

Growth ` 1,000/-

For redemption/switch out of units within 365 days from the date of allotment: 2.00% of applicable NAV. For redemption/switch out of units after 365 days but before 730 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 730 days from the date of allotment: Nil.Direct Plan Growth

Birla Sun Life Dynamic Bond FundRegular Plan

Monthly Dividend Sweep

` 1,000/-

In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 90 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment: Nil (w.e.f. October 10, 2016)

Monthly Dividend (Payout / Reinvestment /Sweep) • Choice of Option : Quarterly Dividend• Choice of Sub-Option : Divi-dend Reinvestment

Direct PlanQuarterly Dividend (Payout / Reinvestment /Sweep)

Growth Dividend (Payout / Reinvestment /Sweep)

Birla Sun Life Income Plus Regular Plan Dividend (Payout / Reinvestment) Quarterly Dividend (Payout / Reinvestment)

GrowthDividend Reinvestment ` 1,000/- Nil

Direct Plan

Birla Sun Life Constant Maturity 10 Year Gilt Fund (erstwhile Birla Sun Life Gilt Plus – Regular Plan)

Regular Plan Quarterly Dividend (Payout / Reinvestment /Sweep)Growth

Growth ` 1,000/- NilDirect Plan

Birla Sun Life Government Securities Fund- Long Term Plan

Regular Plan Half Yearly Dividend (Payout / Reinvestment)Growth

Growth` 1,000/- Nil

Direct PlanBirla Sun Life Gilt Plus - PF Plan Regular Plan Quarterly Dividend (Payout / Reinvestment /Sweep)

Growth (Quarterly Gain / Annual Gain)Growth ` 1,000/- Nil

Direct PlanBirla Sun Life Active Debt Multi Manager FoF Scheme

Regular Plan Dividend (Payout/Reinvestment)Growth

Dividend Reinvestment ` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan

Birla Sun Life Financial Planning FOF - Conservative Plan


Dividend Reinvestment ` 1,000/- If redeemed within and including 1 year from the date of allotment: 1% If redeemed after 1 year from the date of allotment : NilDirect Plan

Birla Sun Life Financial Planning FOF Prudent Plan



SAVINGS SOLUTIONS

Funds at a Glance


https://www.facebook.com/bslmf https://www.linkedin.com/company/bslmfVIII

Product Labelling Disclosures

Name of Scheme This product is suitable for investors who are seeking*: RiskometerBirla Sun Life Cash Plus(An Open ended Liquid Scheme)

reasonable returns with high levels of safety and convenience of liquidity over short term• investments in high quality debt and money market instruments with maturity of upto 91 days • only

Investors understand that their principal will be at Low risk

Birla Sun Life Floating Rate Fund - Short Term Plan(An Open ended Income Scheme)

reasonable returns with convenience of liquidity over short term• investments in debt and money market instruments with maturity of upto 91 days only•

Birla Sun Life Cash Manager(An Open ended Income Scheme)

reasonable returns with convenience of liquidity over short term• investments in a basket of debt and money market instruments of very short maturities•

Investors understand that their principal will be at Moderately Low risk

Birla Sun Life Savings Fund(An Open ended Short Term Income Scheme)

reasonable returns with convenience of liquidity over short term• investments in debt and money market instruments•

Birla Sun Life Floating Rate Fund - Long Term Plan(An Open ended Income Scheme)

income with capital growth over short term• investments in a mix of fixed and floating rate debt and money market instruments•

Birla Sun Life Enhanced Arbitrage Fund(An Open ended Equity Scheme)

income over short term• investments in equity and equity related securities including derivatives for taking advantage • from the price differentials/mis-pricing prevailing for stock/index in various segments (Cash & Futures)

Investors understand that their principal will be at Moderate risk

Birla Sun Life Short Term Fund(An Open ended Income Scheme)

income with capital growth over short term• investments in debt and money market instruments•


Birla Sun Life Short Term Opportunities Fund(An Open ended Income Scheme)

income with capital growth over short to medium term• investments in debt and money market instruments with short to medium term maturities across • the credit spectrum within the investment grade


Birla Sun Life Treasury OptimizerPlan (erstwhile Birla Sun Life UltraShort Term Fund)(An Open ended Short Term Income Scheme)

reasonable returns with convenience of liquidity over short term• investments in debt and money market securities with relatively low levels of interest rate risk•

Birla Sun Life Medium Term Plan(An Open ended Income Scheme)

income with capital growth over medium to long term• investments in debt and money market instruments•

Birla Sun Life Corporate Bond Fund (An Open ended Income Scheme)

Income with capital growth over short to medium term• Investment in portfolio of corporate debt securities with short to medium term maturities across • the credit spectrum within the investment grade.

Birla Sun Life Dynamic Bond Fund(An Open ended Income Scheme)

income with capital growth over short term• investments in actively managed portfolio of high quality debt and money market instruments • including government securities

Birla Sun Life Income Plus(An Open ended Income Scheme)

income with capital growth over medium to long term• investments in a combination of debt and money market instruments including government • securities of varying maturities

Birla Sun Life Constant Maturity 10 Year Gilt Fund (erstwhile Birla Sun Life Gilt Plus – Regular Plan) (An Open ended Government Securities Scheme)

credit risk-free returns based on their own view on interest rate scenario over short to medium • terminvestments in a portfolio of Central Government securities of around 10 year average maturity.•

Birla Sun Life Government Securities Fund - Long TermPlan (An Open ended Gilt Scheme)

income with capital growth over medium to long term• investments exclusively in Government Securities•

Birla Sun Life Gilt Plus - PF Plan(An Open ended GovernmentSecurities Scheme)

income with capital growth over medium to long term• investments exclusively in Government Securities•

Birla Sun Life Active Debt Multi Manager FoF Scheme(An Open ended Fund of Funds Scheme)

Capital appreciation in the long term• Investment in a dynamically managed portfolio of debt funds•

Birla Sun Life Financial Planning FOF - Conservative Plan(An Open ended Fund of FundsScheme)

Capital appreciation through strategic asset allocation which is based on satisfying the needs to a • specific risk-return profile (Conservative) of investors in the long termInvestment in portfolio of mutual fund schemes (predominantly in liquid / money market funds & • debt funds)

Birla Sun Life Financial Planning FOF - Prudent Plan(An Open ended Fund of FundsScheme)

Capital appreciation through strategic asset allocation which is based on satisfying the needs to a • specific risk-return profile (Prudent) of investors in the long termInvestment in portfolio of mutual fund schemes (predominantly in a combination of equity funds, • liquid / money market funds & debt funds)

Investors understand that their principal will be at Moderately High risk

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

IX

Funds at a Glance

^Direct Plan under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor.


**Default Plan: In case Distributor code is mentioned in the application form, but “Direct Plan” is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan. Further, where application is received for Regular Plan without Distributor code or “Direct” mentioned in the ARN Column, the application will be processed under Direct Plan.The default option under the Regular or Direct Plan of the Scheme, as the case maybe, shall be applied accordingly.

SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUMINVESTMENTAMOUNT

EXIT LOADFor redemption-switch out consider from the date of allotment.PLAN^ OPTION

Birla Sun Life MIP II - Savings 5 Plan Regular PlanMonthly Dividend (Payout / Reinvestment /Sweep)

Monthly PaymentGrowth

• Choice of Option : Growth• Choice of Sub-Option within Monthly DividendOption : Dividend Reinvestment

` 1,000/-For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 540 days from the date of allotment: Nil.Direct Plan

Birla Sun Life MIP Regular PlanMonthly Dividend (Payout/Reinvestment/Sweep)

Monthly Payment (Instant / Deferred)Growth

• Choice of Option within Monthly Dividend : Dividend Reinvestment• Choice of Option within Monthly Payment Plan : Instant

` 1,000/-For redemption/switch out of units within 1095 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 1095 days from the date of allotment: Nil. Direct Plan

Birla Sun Life Monthly IncomeRegular Plan

Monthly Dividend (Payout/Reinvestment/Sweep)Quarterly Dividend (Payout/Reinvestment/Sweep)

• Choice of Plan : Growth• Choice of Option within Monthly Dividend : Dividend Reinvestment• Choice of Plan within Quarterly Dividend : Dividend Reinvestment

` 1,000/-For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 540 days from the date of allotment: Nil. Direct Plan Growth

Birla Sun Life MIP II - Wealth 25 Plan

Regular PlanMonthly Dividend (Payout / Reinvestment /Sweep)

Monthly PaymentGrowth

• Choice of Option : Growth• Choice of Sub-Option within Monthly DividendOption : Dividend Reinvestment

` 1,000/-

In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% ofapplicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f. October 10, 2016)

Direct Plan

REGULAR INCOME SOLUTIONS

SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUMINVESTMENTAMOUNT

EXIT LOADFor redemption-switch out consider from the date of allotment.PLAN^ OPTION

Birla Sun Life Tax Relief ‘96# Regular Plan Dividend (Payout/Sweep)Dividend Payout ` 500/- Nil

Direct Plan Growth

Birla Sun Life Tax Plan# Regular Plan Dividend (Payout/Sweep)Dividend Payout ` 500/- Nil

Direct Plan Growth

Birla Sun Life Tax Savings Fund Regular Plan Dividend (Payout)GrowthBonus

N.A as the scheme does not accept fresh subscriptions / Switch-in NilDirect Plan

TAX SAVINGS SOLUTIONS



#The Dividend Reinvestment Facility under the scheme have been discontinued w.e.f. February 12, 2015. Please refer addendum no. 07/2015 dated February 09, 2015 for further details.


https://www.facebook.com/bslmf https://www.linkedin.com/company/bslmfX


Name of Scheme This product is suitable for investors who are seeking*: RiskometerBirla Sun Life MIP II - Savings 5Plan(An Open ended Income Scheme.Monthly income is not assured and issubject to availability of distributablesurplus)

regular income with capital growth over medium to long term• investments in debt and money market instruments as well as equity and equity related • securities [0-10%]


Birla Sun Life MIP(An Open ended Income Scheme.Monthly income is not assured and is subject to availability of distributablesurplus)

regular income with capital growth over medium to long term.• investments in debt and money market instruments as well as equity and equity related • securities [upto 15%]

Birla Sun Life Monthly Income (An Open ended Income Scheme.Monthly income is not assured and issubject to availability of distributablesurplus)

regular income with capital growth over medium to long term• investments in debt and money market instruments as well as equity and equity related • securities [upto 15%]

Birla Sun Life MIP II - Wealth 25Plan(An Open ended Income Scheme.Monthly income is not assured and issubject to availability of distributablesurplus)

regular income with capital growth over medium to long term• investments in debt and money market instruments as well as equity and equity related • securities [20-30%]


Birla Sun Life Tax Relief ‘96(An Open Ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years)

long term capital growth• investments in equity and equity related securities, with tax benefit under section 80C, subject to • eligibility


Birla Sun Life Tax Plan(An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years)

long term capital growth• investments in equity and equity related securities, with tax benefit under section 80C, subject to • eligibility

Birla Sun Life Tax SavingsFund(An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years

Investment in equity linked savings scheme (lock in period of 3 years) which aims to provide • medium to long term capital appreciation along with income tax rebateInvestment predominantly in equity and equity related securities•

Birla Sun Life Capital Protection Oriented Fund - Series 20, 21, 22 & 23(A Close ended Capital Protection Oriented Scheme)

capital protection and capital appreciation linked to equity market at the end of medium / long • term tenureinvestments in highest rates debt and money market instruments maturing on or before the • tenure of the scheme and equity and equity related securities


Birla Sun Life Capital Protection Oriented Fund - Series 25 , 26, 29 & 30 (A Close ended Capital Protection Oriented Scheme)

capital protection and capital appreciation linked to equity market at the end of medium / long • term tenureinvestments in highest rated debt and money market instruments maturing on or before the • tenure of the scheme and exposure to derivative instruments (long call options)

Birla Sun Life Emerging Leaders Fund - Series 1 to Series 7 (A Close ended Equity Scheme)

long term capital growth• investments in equity and equity related securities predominantly in small & midcap companies.•


Birla Sun Life Focused Equity Fund- Series 3 to Series 6(A Close ended Equity Scheme investing in Eligible Securities as per Rajiv Gandhi Equity Savings Scheme, 2013)

long term capital growth• investments in equity securities specified as Eligible Securities as per Rajiv Gandhi Equity Savings • Scheme, 2013, as amended from time to time


XI

Funds at a Glance



WEALTH CREATION SOLUTIONS

SCHEME PLAN/ OPTION DEFAULT OPTION**

MINIMUM INVESTMENT

AMOUNT

EXIT LOADFor redemption-switch out consider from the date of allotment.

PLAN^ OPTION

Birla Sun Life Equity Savings FundRegular Plan Dividend (Payout, Reinvestment & Sweep)

GrowthDividend Reinvestment ` 1,000/-

For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil.Direct Plan

Birla Sun Life Balanced Advantage Fund Regular Plan

Dividend (Payout/Reinvestment)Growth

Dividend Reinvestment ` 1,000/-


Direct Plan

Birla Sun Life Balanced ‘95 FundRegular Plan Dividend (Payout/Reinvestment/Sweep)



Direct Plan Growth

Birla Sun Life Index Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/- Nil

Direct Plan GrowthBirla Sun Life Frontline Equity Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)

GrowthDividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.

Direct PlanBirla Sun Life Top 100 Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)

Dividend Reinvestment ` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan Growth

Birla Sun Life Equity Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan GrowthBirla Sun Life Advantage Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)

Dividend Reinvestment ` 1,000/-within 365 days from the date of allotment: 1.00% of applicable NAV. after 365 days from the date of allotment: NilDirect Plan Growth

Birla Sun Life MNC Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.

Direct Plan GrowthBirla Sun Life Midcap Fund Regular Plan Dividend (Payout / Reinvestment / Sweep)

Growth (Growth with Triggered Facility)Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/switch out of units after 365 days from the date of allotment: NilDirect PlanBirla Sun Life Small & Midcap Fund Regular Plan Dividend (Payout / Reinvestment)

Dividend Payout ` 1,000/- within 365 days/1% of applicable NAV.Direct Plan Growth

Birla Sun Life Pure Value Fund Regular Plan Dividend (Payout/Reinvestment) • Choice of Plan : Growth• Choice of Option : Reinvestment

` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan Growth

Birla Sun Life Manufacturing Equity Fund

Regular Plan Dividend (Payout & Reinvestment) Growth

Dividend Reinvestment ` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.For redemption/switch out of units after 365 days from the date of allotment: Nil.Direct Plan

Birla Sun Life Banking and Financial Services Fund



Birla Sun Life Dividend Yield Plus Regular PlanDividend (Payout/Reinvestment/Sweep)



Direct Plan Growth

Birla Sun Life Special Situations Fund

Regular Plan Dividend (Payout/Reinvestment/Sweep) • Choice of Plan : Growth• Choice of Option : Reinvestment

` 1,000/- within 365 days/1% of applicable NAV.Direct Plan Growth

Birla Sun Life India Reforms Fund Regular Plan Dividend (Payout / Reinvestment)Dividend Reinvestment ` 1,000/-

For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan Growth

Birla Sun Life Infrastructure Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Growth

Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.Direct Plan

Birla Sun Life New Millennium Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.

Direct Plan GrowthBirla Sun Life India GenNext Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)

Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.Direct Plan Growth

Birla Sun Life India Opportunities Fund

Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/-

365 days from the date of allotment: 1.00% of applicable NAV. after 365 days from the date of allotment: Nil.Direct Plan Growth

Birla Sun Life International Equity Fund (Plan A)

Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/-

within 365 daysfrom the date of allotment: 1.00% ofapplicable NAV. after 365 days from the date of allotment: Nil.Direct Plan Growth

Birla Sun Life International Equity Fund (Plan B)

Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.

Direct Plan GrowthBirla Sun Life Commodity Equities Fund - Global Agri Plan (GAP)

Regular Plan Dividend (Payout / Reinvestment /Sweep)Growth

Growth / Reinvestment ` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan

Birla Sun Life Global Commodities Fund

Regular Plan Dividend (Payout/Reinvestment)Dividend Reinvestment ` 1,000/-

If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - NilDirect Plan Growth

Birla Sun Life Global Real Estate Fund

Regular Plan Dividend (Payout / Reinvestment)Growth

Dividend Reinvestment ` 1,000/- If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - NilDirect Plan

Birla Sun Life Gold FundRegular Plan

N/A N/A ` 1,000/-For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For redemption/switch out of units after 365 days from the date of allotment: Nil **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment Direct Plan

Birla Sun Life Asset Allocator Multi Manager FoF Scheme

Regular Plan Dividend (Payout/Reinvestment)Dividend Reinvestment ` 1,000/-

If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - NilDirect Plan Growth

Birla Sun Life Financial Planning FOF - Aggressive Plan

Regular Plan Dividend (Payout/Reinvestment)Dividend Reinvestment

` 1,000/-` 1,000/-

For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: NilDirect Plan Growth



XII


Name of Scheme This product is suitable for investors who are seeking*: RiskometerBirla Sun Life Equity Savings Fund(An Open ended Equity Scheme)

long term capital growth and income• An open ended equity scheme investing in equity and equity related securities including the use • of equity derivatives strategies and arbitrage opportunities with balance exposure in debt and money market instruments


Birla Sun Life Balanced AdvantageFund(An Open ended Asset AllocationScheme)

Capital appreciation and regular income in the long term• Investment in equity & equity related securities as well as fixed income securities (Debt & Money • Market securities)

Birla Sun Life Balanced ‘95 Fund(An Open ended Balanced Scheme)

long term capital growth and income• investment predominantly in equity and equity related securities as well as debt and money • market instruments

Birla Sun Life Index Fund(An Open ended Index Linked Growth Scheme)

long term capital growth• investments in stocks in line with Nifty 50 and / or in exchange traded derivatives on the Nifty 50 • to generate comparable returns, subject to tracking errors.

Birla Sun Life Frontline Equity Fund(An Open ended Growth Scheme)

long term capital growth• investments in equity and equity related securities, diversified across various industries in line with • the benchmark index, S&P BSE 200

Birla Sun Life Top 100 Fund(An Open ended Growth Scheme)

long term capital growth• investments in equity and equity related securities of top 100 companies as measured by market • capitalisation

Birla Sun Life Equity Fund(An Open ended Growth Scheme)

long term capital growth• investments in equity and equity related securities•

Birla Sun Life Advantage Fund(An Open ended Growth Scheme)

long term capital growth• investments in equity and equity related securities•

Birla Sun Life MNC Fund(An Open ended Growth Scheme)

long term capital growth• investments primarily in equity and equity related securities of multinational companies (MNCs)•

Birla Sun Life Midcap Fund(An Open ended Growth Scheme)

long term capital growth• investments primarily in mid cap stocks•

Birla Sun Life Small & Midcap Fund(An Open ended Small and Mid CapEquity Scheme)

long term capital growth• investments predominantly in equity and equity related securities of companies considered to be • small and midcap.

Birla Sun Life Pure Value Fund(An Open ended Diversified Equity Scheme)

long term capital growth• investments in equity and equity related securities by following value investing strategy.•

Birla Sun Life Manufacturing Equity Fund(An Open ended Manufacturing Sector Scheme)

long term capital growth• investments in equity and equity related securities of companies engaged in manufacturing • sector.

Investors understand that their principal will be at High risk

Birla Sun Life Banking and Financial Services Fund(An Open ended Banking & Financial Services Sector Scheme)

long term capital growth• Investments in equity and equity related securities of companies engaged in banking and • financial services

Birla Sun Life Dividend Yield Plus(An Open ended Growth Scheme)

long term capital growth• investments in equity and equity related securities of companies having relatively high dividend • yield


Birla Sun Life Special Situations Fund(An Open ended Diversified Equity Scheme)

long term capital growth• investments in equity and equity related securities by following investment strategy that would • take advantage of Special Situations like buy backs, open offers, demerger etc. & contrarian investment style.


Birla Sun Life India Reforms Fund(An Open ended Equity Scheme)

long term capital growth• investments in equity and equity related securities of companies expected to benefit from the • economic reforms, PSU divestment and increased government spending

Birla Sun Life Infrastructure Fund(An Open ended Growth Scheme)

long term capital growth• investments in equity and equity related securities of companies that are participating in the • growth and development of Infrastructure in India

Birla Sun Life New Millennium Fund(An Open ended Growth Scheme)

long term capital growth• investments in equity and equity related securities with a focus on investing in IT, media, telecom • related and other technology enabled companies

Birla Sun Life India GenNext Fund(An Open ended Growth scheme)

long term capital growth• investments in equity and equity related securities of companies that are expected to benefit from • the rising consumption patterns in India fuelled by high disposable incomes

Birla Sun Life India Opportunities Fund(An Open ended Growth Scheme)

long term capital growth• investments in equity and equity related securities of companies that seek to leverage India’s • competitive advantages in global outsourcing theme.


XIII


Name of Scheme This product is suitable for investors who are seeking*: RiskometerBirla Sun Life International EquityFund-Plan A(An Open ended Diversified EquityScheme)

long term capital growth• investments predominantly in equity and equity related securities in the international markets•


Birla Sun Life International EquityFund-Plan B(An Open ended Diversified EquityScheme)

long term capital growth• investments in equity and equity related securities in the domestic market (65 to 75%) and in • international markets (25 to 35%)

Birla Sun Life Commodity EquitiesFund - Global Agri Plan (GAP)(An Open ended Growth Scheme)

long term capital growth• investments in stocks of Agri commodity companies, i.e., companies engaged in or focusing on • the Agri business, whether issued in India or overseas

Birla Sun Life Global CommoditiesFund(An Open ended Fund of Funds Scheme)

Capital appreciation in the long term• Investment in units of global mutual funds which invest in commodity related securities•

Birla Sun Life Global Real Estate Fund(An Open ended Fund of Funds Scheme)

Capital appreciation in the long term• Investment predominantly in units of Global Fund investing in Companies engaged in Real Estate • Sector

Birla Sun Life Gold ETF(An Open ended Gold Exchange Traded Fund)

returns that are in line with the performance of gold over long term, subject to tracking errors.• investments in physical gold of 99.5% purity (fineness)•


Birla Sun Life Gold Fund(An Open ended Fund of Funds Scheme)

returns in line with performance of Birla Sun Life Gold ETF (BSL GETF) over long term• investments predominantly in units of Birla Sun Life Gold ETF. BSL GETF invests in physical gold • of 99.5% purity (fineness)

Birla Sun Life Asset AllocatorMulti Manager FoF Scheme(An Open ended Fund of Funds Scheme

Capital appreciation in the long term• Investment in portfolio of equity and debt funds•

Birla Sun Life Financial Planning FOF - Aggressive Plan(An Open ended Fund of FundsScheme)

Capital appreciation through strategic asset allocation which is based on satisfying the needs to a • specific risk-return profile (Aggressive) of investors in the long termInvestment in portfolio of mutual fund schemes (predominantly in equity funds)•



https://www.facebook.com/bslmf https://www.linkedin.com/company/bslmfXIV

Equity Investment Outlook II

Debt Investment Outlook III

Decoding the Union Budget 2017 IV

Good to remember VI

Funds at a Glance & Product Labelling Disclosures VIII

Different Solutions To Suit Your Various Needs 1

Savings Solutions 2

Birla Sun Life Cash Plus 3

Birla Sun Life Floating Rate Fund - Short Term Plan 4

Birla Sun Life Cash Manager 5

Birla Sun Life Savings Fund 6

Birla Sun Life Floating Rate Fund - Long Term Plan 7

Birla Sun Life Enhanced Arbitrage Fund 8

Birla Sun Life Short Term Fund 9

Birla Sun Life Short Term Opportunities Fund 10

Birla Sun Life Treasury Optimizer Plan 11

Birla Sun Life Medium Term Plan 12

Birla Sun Life Corporate Bond Fund 13

Birla Sun Life Dynamic Bond Fund 14

Birla Sun Life Income Plus 15

Birla Sun Life Constant Maturity 10 Year Gilt Fund 16

Birla Sun Life Government Securities Fund - Long Term Plan 17

Birla Sun Life Gilt Plus - PF Plan 18

Birla Sun Life Active Debt Multi Manager FoF Scheme 19

Birla Sun Life Financial Planning FOF - Conservative Plan 20

Birla Sun Life Financial Planning FOF - Prudent Plan 21

Regular Income Solutions 22

Birla Sun Life MIP II - Savings 5 Plan 23

Birla Sun Life MIP 24

Birla Sun Life Monthly Income 25

Birla Sun Life MIP II - Wealth 25 Plan 26

Tax Savings Solutions 27

Birla Sun Life Tax Relief ‘96 28

Birla Sun Life Tax Plan 29

Birla Sun Life Tax Savings Fund 30

Tax Reckoner 31

Wealth Creation Solutions 33

Birla Sun Life Equity Savings Fund 34

Birla Sun Life Balanced Advantage Fund 35

Birla Sun Life Balanced ‘95 Fund 36

Birla Sun Life Index Fund 37

Birla Sun Life Frontline Equity Fund 38

Birla Sun Life Top 100 Fund 39

Birla Sun Life Equity Fund 40

Birla Sun Life Advantage Fund 41

Birla Sun Life MNC Fund 42

Birla Sun Life Midcap Fund 43

Birla Sun Life Small & Midcap Fund 44

Birla Sun Life Pure Value Fund 45

Birla Sun Life Manufacturing Equity Fund 46

Birla Sun Life Banking and Financial Services Fund 47

Birla Sun Life Dividend Yield Plus 48

Birla Sun Life Special Situations Fund 49

Birla Sun Life India Reforms Fund 50

Birla Sun Life Infrastructure Fund 51

Birla Sun Life New Millennium Fund 52

Birla Sun Life India GenNext Fund 53

Birla Sun Life India Opportunities Fund 54

Birla Sun Life International Equity Fund - Plan A 55

Birla Sun Life International Equity Fund - Plan B 56

Birla Sun Life Commodity Equities Fund - Global Agri Plan (GAP) 57

Birla Sun Life Global Commodities Fund 58

Birla Sun Life Global Real Estate Fund 59

Birla Sun Life Gold ETF 60

Birla Sun Life Gold Fund 61

Birla Sun Life Asset Allocator Multi Manager FoF Scheme 62

Birla Sun Life Financial Planning FOF-Aggressive Plan 63

Close Ended Scheme Performance 64

Fund Manager Wise Scheme Details 67

Portfolios 68

Industry Allocation 82

Glossary Page 86

INDEX




https://www.facebook.com/bslmf https://www.linkedin.com/company/bslmf2

71.02%

11.49%

8.72%

8.21% 0.56%

AAA Cash & Current AssetsUnrated SovereignAA

A fund that aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefi ts.)

An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.

Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 9 years & 11 yearsDate of Allotment: June 16, 1997Type of Scheme: An Open-ended Liquid SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)NAV of Plans / Options (`)^Retail Plan Growth : 424.8927Dividend: 163.6940Institutional Plan Growth : 436.0276Dividend: 108.0230Weekly Dividend: 108.0680Regular Plan$ Growth : 261.8319Daily Dividend: 100.1950Weekly Dividend: 100.2250Dividend: 109.5461Direct Plan$ Growth : 262.6459Daily Dividend: 100.1950Weekly Dividend: 100.2250Dividend: 142.5976^The Face Value per unit of all the plans/ options under Birla Sun Life Cash Plus has been changed from .̀10/- to .̀100/- effective from October 07, 2011Benchmark: CRISIL Liquid Fund Index Monthly Average AUM: ` 32121.72 CroresAUM as on last day: ` 31799.84 Crores(as on 28th April 2017)Load Structure (as % of NAV) Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 0.10 yearsAverage Maturity: 0.10 yearsYield to Maturity: 6.56%Expense Ratio:Regular 0.16Direct 0.09

Birla Sun Life Cash PlusAn Open-Ended Liquid Scheme

Issuer % to net Assets Rating

Government of India 8.06% SOV

Vedanta Limited 7.72% CRISIL A1+

IndusInd Bank Limited 5.69% CRISIL A1+

Axis Bank Limited 4.99% ICRA A1+

Kotak Mahindra Bank Limited 3.92%

Housing Development Finance Corporation Limited 2.99% CRISIL AAA,ICRA A1+

IDFC Bank Limited 2.84% ICRA A1+

HDFC Bank Limited 2.50%

National Bank For Agriculture and Rural Development 2.48% CRISIL A1+

NTPC Limited 2.38% ICRA A1+

Top Ten Portfolio Holdings

3

Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 / 1800-22-7000 or from any of our Investor Service Centers.

Investment Performance - Retail Plan - Growth NAV as on April 28, 2017: ` 424.8927

Inception - June 16, 1997 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Cash Plus 7.12 8.10 8.38 7.55Value of Std Investment of ` 10,000 10710 12628 14951 42489Benchmark - CRISIL Liquid Fund Index 7.06 7.98 8.32 N/AValue of Std Investment of ` 10,000 10704 12589 14907 N/AAdditional Benchmark - CRISIL 1 Year T-Bill Index 6.63 7.75 7.41 6.70Value of Std Investment of ` 10,000 10662 12509 14293 36294

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Kaustubh Gupta is 56. Total Schemes managed by Ms. Sunaina Da Cunha is 7. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha since July 15, 2011 (5.8) years.• The scheme is in existence for more than 5 years.•

61.79%18.75%

12.23%

5.13% 2.11%

AAA Cash & Current Assets

Unrated Sovereign

AA

A fund that provides the convenience of parking your savings with an opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefi ts.)

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of fl oating rate debt / money market instruments. The schemes may invest a portion of its net assets in fi xed rate debt securities and money market instruments.

Fund Manager: Mr. Kaustubh Gupta & Mr. Mohit SharmaManaging Fund Since: April 01, 2017Total Experience: 9 years & 1 yearDate of Allotment: June 05, 2003Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)NAV of Plans / Options (`)^Retail Plan Growth : 267.8447Daily Dividend: 100.0150Weekly Dividend: 103.8754Regular Plan$ Growth : 217.3478Daily Dividend: 100.0200Weekly Dividend: 100.2018Direct Plan$ Growth : 217.9818Daily Dividend: 100.0200Weekly Dividend: 100.2035The Face Value per unit of all the plans/ options under Birla Sun Life Floating Rate Fund – Short Term Plan has been changed from ̀ .10/- to ̀ .100/- effective from October 07, 2011Benchmark: CRISIL Liquid Fund Index Monthly Average AUM: ` 8210.50 CroresAUM as on last day: ` 9732.39 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 0.08 yearsAverage Maturity: 0.08 yearsYield to Maturity: 6.71%Expense Ratio:Regular 0.20Direct 0.11

Birla Sun Life Floating Rate Fund - Short Term PlanAn Open-ended Income Scheme


JSW Steel Limited 9.11% CARE A1+

Axis Bank Limited 6.62%



India Infoline Finance Ltd 3.82% ICRA A1+

Indiabulls Real Estate Limited 3.74% CARE A1+

IDFC Bank Limited 3.33% ICRA A1+

Adani Enterprises Limited 3.07% BWR A1+

Manappuram Finance Limited 3.06% CRISIL A1+

RBL Bank Limited 3.02% ICRA A1+






Inception - June 05, 2003 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Floating Rate Fund - Short Term Plan 7.18 8.12 8.52 7.34Value of Std Investment of ` 10,000 10716 12638 15048 26784Benchmark - CRISIL Liquid Fund Index 7.06 7.98 8.32 6.87Value of Std Investment of ` 10,000 10704 12589 14907 25209Additional Benchmark - CRISIL 1 Year T-Bill Index 6.63 7.75 7.41 5.91Value of Std Investment of ` 10,000 10662 12509 14293 22232

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Kaustubh Gupta is 56. Total Schemes managed by Mr. Mohit Sharma is 24. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Kaustubh Gupta & Mr. Mohit Sharma since April 01, 2017 (0.0) year.• The scheme is in existence for more than 5 years.•

54.78%31.67%

7.83%5.24% 0.46%

0.02%

AAA AA

Cash & Current Assets Sovereign

Below AA Unrated


An Open ended Income scheme with the objective to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of very short maturities with a view to provide reasonable returns.

Fund Manager: Mr. Kaustubh Gupta & Mr. Mohit SharmaManaging Fund Since: April 01, 2017Total Experience: 9 years & 1 yearDate of Allotment:Retail Plan: May 14, 1998Institutional Plan: September 27, 2004Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Regular Plan$ Growth : 394.0064Daily Dividend: 100.5663Weekly Dividend: 100.4855Institutional Plan Growth : 276.2538Daily Dividend: 100.4313Weekly Dividend: 100.4854Direct Plan$ Growth : 408.2018Daily Dividend: 100.4313Weekly Dividend: 100.4929^The Face Value per unit of all the plans/ options under Birla Sun Life Cash Manager has been changed from .̀10/- to .̀100/- effective from October 07, 2011Benchmark: CRISIL Short Term Bond Fund IndexMonthly Average AUM: ` 7129.03 CroresAUM as on last day: ` 7210.33 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 0.95 yearsAverage Maturity: 1.07 yearsYield to Maturity: 7.37%Expense Ratio:Regular 1.04Direct 0.14

Birla Sun Life Cash ManagerAn Open-ended Income Scheme


Power Finance Corporation Limited 8.82% CRISIL AAA

Tata Power Company Limited 8.67% ICRA AA

Housing Development Finance Corporation Limited 8.05% CRISIL AAA

Reliance Jio Infocomm Limited 7.94% CRISIL AAA

Indiabulls Housing Finance Limited 5.38% CARE AAA

State Government Securities 5.24% SOV

Tata Capital Financial Services Ltd 4.84% CRISIL AA+,ICRA AA+

Shriram Transport Finance Company Limited 4.61% CRISIL AA+

Small Industries Dev Bank of India 4.16% CARE AAA

Cholamandalam Investment and Finance Company Limited 3.60% ICRA AA


5


Investment Performance - Regular Plan - Growth NAV as on April 28, 2017: ` 394.0064

Inception - May 14, 1998 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Cash Manager 7.80 8.24 8.51 7.50Value of Std Investment of ` 10,000 10778 12679 15041 39401Benchmark - CRISIL Short Term Bond Fund Index 8.70 9.18 9.05 N/AValue of Std Investment of ` 10,000 10867 13011 15420 N/AAdditional Benchmark - CRISIL 1 Year T-Bill Index 6.63 7.75 7.41 6.60Value of Std Investment of ` 10,000 10662 12509 14293 33597

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Kaustubh Gupta is 56. Total Schemes managed by Mr. Mohit Sharma is 24. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Kaustubh Gupta & Mr. Mohit Sharma since April 01, 2017 (0.0) year.• The scheme is in existence for more than 5 years.•


The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fi xed income securities, money market instruments, cash and cash equivalents.

Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011 & June 20, 2014Total Experience: 9 years & 11 yearsDate of Allotment: Retail Plan: November 27, 2001Institutional Plan: April 16, 2003Type of Scheme: An Open-ended Short Term Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Retail Plan Growth : 310.0770Daily Dividend: 100.2963Weekly Dividend: 100.3669Regular Plan$ Growth : 320.4549Daily Dividend: 100.3880Weekly Dividend: 100.3668Direct Plan$ Growth : 321.9665Daily Dividend: 100.2972Weekly Dividend: 100.3704^The Face Value per unit of all the plans/ options under Birla Sun Life Savings Fund has been changed from .̀10/- to .̀100/- effective from October 07, 2011Benchmark: CRISIL Short Term Bond Fund IndexMonthly Average AUM: ` 18055.11 CroresAUM as on last day: ` 18180.96 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 1.15 yearsAverage Maturity: 1.32 yearsYield to Maturity: 7.49%Expense Ratio:Regular 0.27Direct 0.09

Birla Sun Life Savings FundAn Open-ended Short Term Income Scheme


Power Finance Corporation Limited 9.72% CARE AAA,CRISIL AAA,ICRA AAA

State Government Securities 8.75% SOVIndiabulls Housing Finance Limited 5.56% CARE AAATata Power Company Limited 5.23% ICRA AA

Reliance Jio Infocomm Limited 5.15% CRISIL AAA,CRISIL AAA (SO)

Vodafone Mobile Services Ltd 4.50% IND AAADewan Housing Finance Corporation Limited 3.87% CARE AAAHousing Development Finance Corporation Limited 3.40% CRISIL AAA

Tata Capital Financial Services Ltd 3.36% CRISIL AA+,ICRA A1+,ICRA AA+

Shriram Transport Finance Company Limited 2.68% CRISIL AA+,IND AA+


59.37%20.48%

8.75%

7.65%

3.75% 0.002%

AAA AA

Sovereign Cash & Current Assets

Below AA Unrated

Declared on date 11-Feb-11 28-Jan-11 31-Dec-10Dividend Yield (Regular Plan) 0.34% 0.45% 0.51%Dividend (`) Per Unit 0.0350 0.0469 0.0529Cum Dividend NAV 10.2848 10.3108 10.3105

Note: The NAV of the scheme, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable). Past performance may or may not be sustained in future.The Face Value - 10.00 Per UnitThe Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specifi c performance/returns.For more details on dividends declared please refer to the online empower on www.mutualfund.birlasunlife.com





Inception - Nov 27, 2001 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Savings Fund 8.53 9.00 9.12 7.61Value of Std Investment of ` 10,000 10851 12946 15466 31008Benchmark - CRISIL Short Term Bond Fund Index 8.70 9.18 9.05 N/AValue of Std Investment of ` 10,000 10867 13011 15420 N/AAdditional Benchmark - CRISIL 1 Year T-Bill Index 6.63 7.75 7.41 6.00Value of Std Investment of ` 10,000 10662 12509 14293 24560

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Kaustubh Gupta is 56. Total Schemes managed by Ms. Sunaina Da Cunha is 7. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha since July 15, 2011 & • June 20, 2014 (5.8) years & (2.9) years Respectively.The scheme is in existence for more than 5 years.•

75.31%

16.26%

4.97%3.46%0.001%

AAA AA

Cash & Current Assets Sovereign

Unrated

A fund that aims to generate income by investing substantially into fl oating rate debt/ money market instruments.

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of fl oating rate debt / money market instruments. The schemes may invest a portion of its net assets in fi xed rate debt securities and money market instruments.

Fund Manager: Mr. Kaustubh GuptaManaging Fund Since: April 01, 2017Total Experience: 9 yearsDate of Allotment: June 05, 2003Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Retail Plan Growth : 288.9908Weekly Dividend: 100.1332Regular Plan$ Growth : 199.8066Daily Dividend: 100.8091Weekly Dividend: 100.1332Direct Plan$ Growth : 201.7022Daily Dividend: 100.3918Weekly Dividend: 100.1344^The Face Value per unit of all the plans/ options under Birla Sun Life Floating Rate Fund – Long Term Plan has been changed from ̀ .10/- to ̀ .100/- effective from October 07, 2011Benchmark: CRISIL Liquid Fund Index Monthly Average AUM: ` 7959.01 CroresAUM as on last day: ` 8212.38 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 1.14 yearsAverage Maturity: 1.31 yearsYield to Maturity: 7.39%Expense Ratio:Regular 0.24Direct 0.09

Birla Sun Life Floating Rate Fund - Long Term PlanAn Open-ended Income Scheme



National Bank For Agriculture and Rural Development 9.22% CRISIL A1+,CRISIL AAA

Housing Development Finance Corporation Limited 7.24% CRISIL AAA,ICRA A1+

Shriram Transport Finance Company Limited 6.15% CRISIL AA+,IND AA+

Vodafone Mobile Services Ltd 5.62% CRISIL A1+,IND AAA

Rural Electrifi cation Corporation Limited 5.43% CRISIL AAA

LIC Housing Finance Limited 4.97% CARE AAA,CRISIL AAA

S.D. Corporation Pvt. Ltd 4.81% CARE A1+(SO)

Novo Ahan 2017 Trust 4.21% ICRA A1+(SO)

Tata Motors Finance Ltd 3.67% CRISIL AA,ICRA A1+


7



Inception - June 05, 2003 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Floating Rate Fund - Long Term Plan 8.74 9.00 9.20 7.93Value of Std Investment of ` 10,000 10871 12949 15526 28899Benchmark - CRISIL Liquid Fund Index 7.06 7.98 8.32 6.87Value of Std Investment of ` 10,000 10704 12589 14907 25209Additional Benchmark - CRISIL 1 Year T-Bill Index 6.63 7.75 7.41 5.91Value of Std Investment of ` 10,000 10662 12509 14293 22232

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Kaustubh Gupta is 56. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Kaustubh Gupta since • April 01, 2017 (0.0) year.The scheme is in existence for more than 5 years.•

A fund that aims to generate income by investing in equity and equity related instruments and take advantage of the price differentials or mis-pricing prevailing in a stock or index.

An Open ended Equity Scheme with an investment objective to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Futures).

Fund Manager: Mr. Lovelish SolankiManaging Fund Since: December 15, 2014Total Experience: 7 yearsDate of Allotment: July 24, 2009Type of Scheme: An Open-ended Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 16.9334Dividend: 10.8759Direct Plan$ Growth: 17.3045Dividend: 11.0791Benchmark: CRISIL Liquid Fund Index Monthly Average AUM: ` 2616.47 CroresAUM as on last day: ` 2706.87 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 30 days from the date of allotment: 0.50% of applicable NAV. For redemption/switch out of units after 30 days from the date of allotment: Nil **Exit Load is NIL for units issued in Dividend Reinvestment.(w.e.f. August 03, 2015)Other Parameter Portfolio Turnover: 11.05Expense Ratio:Regular 0.90Direct 0.25

Birla Sun Life Enhanced Arbitrage FundAn Open-ended Equity Scheme


Housing Development Finance Corporation Limited 8.43% ICRA A1+

RBL Bank Limited 8.31%

Hero Fincorp Limited 4.45% ICRA AA+/CRISIL A1+

Indiabulls Housing Finance Ltd 2.94%

Yes Bank Limited 2.88%

Maruti Suzuki India Ltd 2.81%

IDFC Bank Limited 2.60% ICRA AAA

L&T Finance Ltd 2.24% CARE AA+

ITC Ltd 2.24%

The Federal Bank Limited 1.81%


2.25%3.23%

3.28%

3.70%

4.16%

5.09%

5.13%

5.51%

5.57%

11.92%

Media & Entertainment

Ferrous Metals

Construction Project

Cement

Pharmaceuticals

Power

Consumer Non Durables

Auto

Banks

Finance



Declared on date 28-Apr-17 27-Mar-17 23-Feb-17Dividend Yield (Regular Plan) 0.23% 0.39% 0.23%Dividend (`) Per Unit 0.0250 0.0424 0.0255Cum Dividend NAV 10.8759 10.8674 10.8559Dividend Yield (Direct Plan) 0.45% 0.45% 0.50%Dividend (`) Per Unit 0.0500 0.0500 0.0550Cum Dividend NAV 11.0791 11.0710 11.0820


8



Inception - July 24, 2009 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Enhanced Arbitrage Fund 6.21 6.77 7.63 7.02Value of Std Investment of ` 10,000 10619 12170 14443 16933Benchmark - CRISIL Liquid Fund Index 7.06 7.98 8.32 7.60Value of Std Investment of ` 10,000 10704 12589 14907 17664Additional Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 8.95Value of Std Investment of ` 10,000 11684 13346 17275 19454

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Lovelish Solanki is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Lovelish Solanki since • December 15, 2014 (2.4) years.The scheme is in existence for more than 5 years.•

66.11%

18.30%

9.70%

5.89% 0.004%

AAA SovereignAA Cash & Current AssetsUnrated

A moderate income scheme that invests in diversifi ed portfolio of debt and money market instruments of short to medium term maturity which can offer superior levels of yields at relatively lower levels of risk.

An Open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversifi ed portfolio of debt and money market securities.

Fund Manager: Mr. Kaustubh Gupta & Mr. Maneesh DangiManaging Fund Since: April 01, 2017Total Experience: 9 years & 15 yearsDate of Allotment: March 3, 1997Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 62.5189Dividend: 11.7117Monthly Dividend: 11.7207Direct Plan$ Growth : 62.7961Dividend: 11.6978Monthly Dividend: 11.7523Benchmark: CRISIL Short Term Bond Fund Index (w.e.f May 27, 2013)Monthly Average AUM: ` 17290.74 CroresAUM as on last day: ` 17772.60 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 2.16 yearsAverage Maturity: 2.62 yearsYield to Maturity: 7.50%Expense Ratio:Regular 0.29Direct 0.19

Birla Sun Life Short Term Fund(erstwhile Birla Sun Life Income Fund. Name changed w.e.f February 01, 2012)

An Open-ended Income Scheme




Power Finance Corporation Limited 8.85% CARE AAA,CRISIL AAA


Reliance Jio Infocomm Limited 5.62% CRISIL AAA


LIC Housing Finance Limited 3.80% CRISIL AAA

National Bank For Agriculture and Rural Development 3.54% CRISIL AAA

Small Industries Dev Bank of India 3.35% CARE AAA

Tata Capital Financial Services Ltd 3.19% CRISIL AA+,ICRA AA+




9



Inception - March 3, 1997 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Short Term Fund 9.02 9.56 9.52 9.51Value of Std Investment of ` 10,000 10900 13146 15753 62519Benchmark - CRISIL Short Term Bond Fund Index 8.70 9.18 9.05 N/AValue of Std Investment of ` 10,000 10867 13011 15420 N/AAdditional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 N/AValue of Std Investment of ` 10,000 10961 13584 15038 N/A

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Kaustubh Gupta is 56. Total Schemes managed Mr. Maneesh Dangi is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Kaustubh Gupta & Mr. Maneesh Dangi since April 01, 2017 (0.0) year.• The scheme is in existence for more than 5 years.•

43.58%34.25%

10.96%

10.25% 0.88%0.09%

AAA AACash & Current Assets SovereignIND A- Below AA

A scheme that focuses on enhancing the portfolio returns by identifying and selectively investing in mispriced credit opportunities in the market.

An Open ended Income scheme with the objective to generate regular income by investing primarily in investment grade fi xed income securities / money market instruments with short to medium term maturities and across the credit spectrum within the universe of investment grade rating.

Fund Manager: Mr. Kaustubh Gupta & Mr. Maneesh DangiManaging Fund Since: April 01, 2017Total Experience: 9 years & 15 yearsDate of Allotment: May 09, 2003Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Regular Plan$ Growth : 27.2469Dividend: 16.2926Quarterly Dividend: 10.3020Direct Plan$ Growth : 27.9040Dividend: 16.6757Quarterly Dividend: 10.5816^The dividend options under the scheme have been renamed w.e.f July 02, 2012. Please refer addendum no. 28/2012 dated June 29, 2012 for further details.Benchmark: CRISIL AA Short Term Bond Fund Index (w.e.f May 27, 2013)Monthly Average AUM: ` 5627.33 CroresAUM as on last day: ` 5779.21 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 180 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 180 days from the date of allotment: Nil (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 2.55 yearsAverage Maturity: 3.25 yearsYield to Maturity: 7.95%Expense Ratio:Regular 1.30Direct 0.53

Birla Sun Life Short Term Opportunities FundAn Open-ended Income Scheme


Cholamandalam Investment and Finance Company Limited 7.40% ICRA AA

Dewan Housing Finance Corporation Limited 7.15% CARE AAA



Reliance Ports and Terminals Ltd 4.84% CRISIL AAA

Wadhawan Global Capital Pvt Ltd 4.72% CARE AAA(SO)


Idea Cellular Limited 4.29% CARE AA+


Vedanta Limited 3.59% CRISIL AA






Inception - May 09, 2003 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Short Term Opportunities Fund 8.86 9.57 10.07 7.43Value of Std Investment of ` 10,000 10883 13150 16154 27247Benchmark - CRISIL AA Short Term Bond Fund Index 10.16 9.96 10.09 8.91Value of Std Investment of ` 10,000 11013 13291 16165 32976Additional Benchmark - CRISIL 1 Year T-Bill Index 6.63 7.75 7.41 5.91Value of Std Investment of ` 10,000 10662 12509 14293 22304


Declared on date 15-Mar-17Dividend Yield (Regular Plan) 4.70%Dividend (`) Per Unit 0.8089Cum Dividend NAV 17.2053Dividend Yield (Direct Plan) 4.72%Dividend (`) Per Unit 0.8306Cum Dividend NAV 17.5983


54.45%27.69%

9.48%

8.38% -0.01%

AAA Sovereign

AA Cash & Current Assets

Unrated

A fund that aims to provide the convenience of parking your savings with an opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefi ts)

An Open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversifi ed portfolio of debt and money market securities with relatively low levels of interest rate risk.

Fund Manager: Mr. Kaustubh Gupta & Mr. Maneesh Dangi Managing Fund Since: April 01, 2017Total Experience: 9 years & 15 yearsDate of Allotment: April 19, 2002Type of Scheme: An Open-ended Short Term Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Retail Plan Growth : 313.2540Monthly Dividend: 106.8962Quarterly Dividend: 107.6725Regular Plan$ Growth : 208.6761Monthly Dividend: 107.0354Quarterly Dividend: 105.0029Dividend: 141.3258Direct Plan$ Growth : 210.8936Monthly Dividend: 108.0619Quarterly Dividend: 105.8865Dividend: 142.7091^The Face Value per unit of all the plans/ options under Treasury Optimizer Plan has been changed from .̀10/- to .̀100/- effective from October 07, 2011Benchmark: CRISIL Short Term Bond Fund Index Monthly Average AUM: ` 7235.02 CroresAUM as on last day: ` 7195.60 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 3.17 yearsAverage Maturity: 4.22 yearsYield to Maturity: 7.58%Expense Ratio:Regular 0.64Direct 0.29

Birla Sun Life Treasury Optimizer Plan(erstwhile Birla Sun Life Ultra Short Term Fund)

An Open-ended Short Term Income Scheme


Government of India 18.60% SOVState Government Securities 9.10% SOV

Reliance Jio Infocomm Limited 6.64% CRISIL AAA,CRISIL AAA (SO)

Power Finance Corporation Limited 6.42% CARE AAA,CRISIL AAALIC Housing Finance Limited 5.63% CRISIL AAAHousing Development Finance Corporation Limited 5.13% CRISIL AAAIndiabulls Housing Finance Limited 3.83% CARE AAANational Bank For Agriculture and Rural Development 3.49% CRISIL AAATata Capital Financial Services Ltd 2.81% CRISIL AA+,ICRA AA+Cholamandalam Investment and Finance Company Limited 2.53% ICRA AA




11



Inception - April 19, 2002 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Treasury Optimizer Plan 9.52 10.19 9.93 7.89Value of Std Investment of ` 10,000 10949 13377 16052 31325Benchmark - CRISIL Short Term Bond Fund Index 8.70 9.18 9.05 7.28Value of Std Investment of ` 10,000 10867 13011 15420 28751Additional Benchmark - CRISIL 1 Year T-Bill Index 6.63 7.75 7.41 5.95Value of Std Investment of ` 10,000 10662 12509 14293 23853


32.77%

21.10%17.96%

9.05%

6.24%

6.00%

3.95%1.28%

1.25%

0.39%

Below AA AAAAA Cash & Current AssetsSovereign IND A-IND AAA(SO) UnratedIND AA+(SO) CARE AA+ (SO)

An income scheme that aims to optimize returns by identifying mispriced credit opportunities in medium term securities in the market and then selectively investing in them.

The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital.

Fund Manager: Mr. Maneesh Dangi & Ms. Sunaina Da CunhaManaging Fund Since: April 01, 2017Total Experience: 15 years & 11 yearsDate of Allotment: March 25, 2009Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan$ Growth : 20.5620Quarterly Dividend: 10.3777Half Yearly Dividend: 11.1902Dividend: 14.1105Institutional Plan Growth : 19.9624Direct Plan$ Growth : 21.1049Quarterly Dividend: 10.4094Half Yearly Dividend: 11.5225Dividend: 14.5379Benchmark: CRISIL AA Short Term Bond Fund Index (w.e.f May 27, 2013)Monthly Average AUM: ` 10168.60 CroresAUM as on last day: ` 10232.64 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f October 10, 2016.)**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 2.71 yearsAverage Maturity: 3.41 yearsYield to Maturity: 9.29%Expense Ratio:Regular 1.55Direct 0.75

Birla Sun Life Medium Term PlanAn Open-ended Income Scheme



RKN Retail Pvt. Ltd 6.00% IND A-


Piramal Finance Private Limited 5.31% ICRA AA

Adani Transmission Limited 4.94% IND AA+

SP Imperial Star Private Limited 4.66% CARE A,CARE AA+(SO)

Adani Power Limited 4.13% BWR AA-(SO)

Sansar Trust 4.07% CRISIL AAA (SO),IND AAA(SO)


RHC Holding Pvt Ltd 2.71% CARE A(SO)


Declared on date 24-Mar-17 25-Mar-13Dividend Yield (Regular Plan) 5.36% 7.28%Dividend (`) Per Unit 0.8089 0.8000Cum Dividend NAV 15.0797 10.9834Dividend Yield (Direct Plan) 5.09% 7.28%Dividend (`) Per Unit 0.7872 0.8000Cum Dividend NAV 15.4615 10.9909






Inception - Mar 25, 2009 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Medium Term Plan 9.21 10.19 10.44 9.31Value of Std Investment of ` 10,000 10918 13376 16425 20562Benchmark - CRISIL AA Short Term Bond Fund Index 10.16 9.96 10.09 9.80Value of Std Investment of ` 10,000 11013 13291 16165 21323Additional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 6.33Value of Std Investment of ` 10,000 10961 13584 15038 16444

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Maneesh Dangi is 6. Total Schemes managed by Ms. Sunaina Da Cunha is 7. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Maneesh Dangi & Ms. Sunaina Da Cunha since April 01, 2017 (0.0) year.• The scheme is in existence for more than 5 years.•

13

40.43%

24.73%

15.66%

11.42%

4.75% 3.02%

Below AA AAA

AA Cash & Current Assets

IND A- Unrated

An income scheme that intends to generate returns by investing in corporate debt securities with short to medium term maturities across the credit curve and would endeavour to take benefi t from mispriced credit opportunities.

The investment objective of the Scheme is to generate returns by predominantly investing in a portfolio of corporate debt securities with short to medium term maturities across the credit spectrum within the investment grade. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Fund Manager: Mr. Maneesh Dangi & Ms. Sunaina Da CunhaManaging Fund Since: April 01, 2017Total Experience: 15 years & 11 yearsDate of Allotment: April 17, 2015Type of Scheme: An Open ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan$ Growth : 12.0560Dividend: 11.3442Bonus: 12.0706Direct Plan$ Growth : 12.2597Dividend: 11.5455Bonus: 12.2596Benchmark: CRISIL AA Short Term Bond Fund IndexMonthly Average AUM: ` 1965.62 CroresAUM as on last day: ` 2120.24 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 2.00% of applicable NAV. For redemption/switch out of units after 365 days but before 730 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 730 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 2.46 yearsAverage Maturity: 2.87 yearsYield to Maturity: 9.49%Expense Ratio:Regular 1.81Direct 0.93

Birla Sun Life Corporate Bond FundAn Open ended Income Scheme



SP Imperial Star Private Limited 8.48% CARE A

IL&FS Tamil Nadu Power Company Limited 8.07% ICRA A+(SO)



Adani Transmission Limited 4.22% IND AA+

Indian Railway Finance Corp Ltd 3.54% CRISIL AAA

Systemtrac Traders Private Limited 3.07% ICRA AA-(SO)

Sterlite Power Grid Ventures Ltd 3.07% IND A



Declared on date 15-Mar-17 30-Dec-16 30-Sep-16Dividend Yield (Regular Plan) 1.46% 1.45% 1.45%Dividend (`) Per Unit 0.1661 0.1661 0.1661Cum Dividend NAV 11.3908 11.4789 11.4749Dividend Yield (Direct Plan) 1.43% 1.43% 1.43%Dividend (`) Per Unit 0.1661 0.1661 0.1661Cum Dividend NAV 11.5760 11.6371 11.6065




Inception - Apr 17, 2015 1 Year Since InceptionBirla Sun Life Corporate Bond Fund 10.20 9.63Value of Std Investment of ` 10,000 11017 12056Benchmark - CRISIL AA Short Term Bond Fund Index 10.16 9.66Value of Std Investment of ` 10,000 11013 12062Additional Benchmark - CRISIL 10 Year Gilt Index 9.64 9.03Value of Std Investment of ` 10,000 10961 11921

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Maneesh Dangi is 6. Total Schemes managed by Ms. Sunaina Da Cunha is 7. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Maneesh Dangi & Ms. Sunaina Da Cunha since April 01, 2017 (0.0) year.• The scheme is in existence for more than 1 years but less than 3 years.•

64.18%19.48%

6.99%

4.68%4.33%

0.33%

Sovereign AA

AAA Below AA

Cash & Current Assets IND AAA(SO)

An income solution that aims to generate optimal returns through active management by capturing positive price and credit spread movements.

An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.

Fund Manager: Mr. Maneesh Dangi & Mr. Pranay SinhaManaging Fund Since: April 01, 2017Total Experience: 15 years & 10 yearsDate of Allotment: September 27, 2004Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Regular Plan Growth : 28.9343Monthly Dividend: 11.0135Quarterly Dividend: 10.3347Dividend: 11.7258Direct Plan$ Growth : 29.6329Monthly Dividend: 11.1716Quarterly Dividend: 10.6069Dividend: 11.9207 ^The dividend option under the scheme have been introduced w.e.f October 29 2014. Please refer addendum no 44/2014 dated October 12, 2014 for further details.Benchmark: CRISIL Short Term Bond Fund Index (w.e.f 27 May, 2013)Monthly Average AUM: ` 13839.11 CroresAUM as on last day: ` 13322.04 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 90 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment: Nil (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 7.47 yearsAverage Maturity: 17.34 yearsYield to Maturity: 7.91%Expense Ratio:Regular 1.50Direct 0.75

Birla Sun Life Dynamic Bond FundAn Open-ended Income Scheme




Piramal Finance Private Limited 3.67% ICRA AA

Shriram Transport Finance Company Limited 3.61% CRISIL AA+

Tata Motors Finance Ltd 2.94% CRISIL AA


Edelweiss Commodities Services Ltd 2.37% ICRA AA

JM Financial Credit Solution Limited 1.33% ICRA AA

Edelweiss Finance & Investments LTD 1.18% ICRA AA

Tata Motors Finance Solutions Ltd 1.15% CRISIL AA








Inception - Sept 27, 2004 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Dynamic Bond Fund 8.58 10.54 9.79 8.80Value of Std Investment of ` 10,000 10856 13504 15945 28934Benchmark - CRISIL Short Term Bond Fund Index 8.70 9.18 9.05 7.59Value of Std Investment of ` 10,000 10867 13011 15420 25110Additional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 6.20Value of Std Investment of ` 10,000 10961 13584 15038 21335

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Maneesh Dangi is 6. Total Schemes managed by Pranay Sinha is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Maneesh Dangi & Pranay Sinha since April 01, 2017 (0.0) year.• The scheme is in existence for more than 5 years.•

A fund that invests in a combination of bonds and Government securities of varying maturities from time to time with an aim to optimize returns.

An Open-ended Income Scheme to generate consistent income through superior yields on its investments at moderate levels of risk through a diversifi ed investment approach. This income may be complemented by price changes of instruments in the portfolio.

Fund Manager: Mr. Pranay Sinha & Mr. Ashish KelaManaging Fund Since: April 01, 2017Total Experience: 10 years & 4 YearsDate of Allotment: October 21, 1995Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Regular Plan Growth : 73.1736Quarterly Dividend: 12.8688Dividend: 11.6330Direct Plan$ Growth : 75.4700Quarterly Dividend: 13.3555Dividend: 11.8542^The dividend option under the scheme have been renamed w.e.f December 26, 2014. Please refer addendum no, 59/2014 dated December 17, 2014 for further details.Benchmark: CRISIL Composite Bond Fund IndexMonthly Average AUM: ` 2059.89 CroresAUM as on last day: ` 2043.20 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 6.79 yearsAverage Maturity: 11.72 yearsYield to Maturity: 7.37%Expense Ratio:Regular 1.68Direct 0.87

68.87%

18.23%

12.85%0.06%

Sovereign AAA Cash & Current Assets Unrated

Birla Sun Life Income PlusAn Open-ended Income Scheme


6.79% GOI (MD 26/12/2029) 28.35% SOV

7.73% GOI (MD 19/12/2034) 10.30% SOV

National Bank For Agriculture and Rural Development 8.11% CRISIL AAA

8.17% GOI (MD 01/12/2044) 7.63% SOV

6.84% GOI (MD 19/12/2022) 5.68% SOV

Reliance Ports and Terminals Ltd 5.04% CRISIL AAA

7.78% Bihar SDL (MD 01/03/2027) 4.18% SOV

7.92% West Bangal SDL (MD 15/03/2027) 3.48% SOV

NTPC Limited 2.61% CRISIL AAA



15



Inception - Oct 21, 1995 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Income Plus 9.41 10.20 8.73 9.68Value of Std Investment of ` 10,000 10938 13380 15192 73174Benchmark - CRISIL Composite Bond Fund Index 10.07 10.93 9.28 N/AValue of Std Investment of ` 10,000 11004 13647 15583 N/AAdditional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 N/AValue of Std Investment of ` 10,000 10961 13584 15038 N/A

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Pranay Sinha is 8. Total Schemes managed by Mr. Ashish Kela is 3. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Pranay Sinha & Mr. Ashish Kela since Saturday, April 01, 2017 (0.0) year.• The scheme is in existence for more than 5 years.•

A fund that aims to generate income and capital appreciation by investing exclusively in Government Securities.

The investment objective of the scheme is to enable investors to invest in Central Government Securities, based on their own view on the interest rate scenario & generate credit risk-free returns.

Fund Manager: Mr. Pranay Sinha & Mr. Ashish KelaManaging Fund Since: April 01, 2017Total Experience: 10 years & 4 YearsDate of Allotment: October 12, 1999Type of Scheme: An Open-ended Government Securities SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 49.4648Quarterly Dividend: 12.2888Direct Plan$ Growth: 49.7881Quarterly Dividend: 10.8241Benchmark: I-Sec LI-BEXMonthly Average AUM: ` 30.59 CroresAUM as on last day: ` 29.35 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil **Exit Load is NIL for units issued in Dividend Reinvestment.

Other Parameter Modifi ed Duration: 5.57 yearsAverage Maturity: 7.81 yearsYield to Maturity: 7.08%Expense Ratio:Regular 0.47Direct 0.27

90.01%

9.99%


Birla Sun Life Constant Maturity 10 Year Gilt Fund(erstwhile Birla Sun Life Gilt Plus – Regular Plan. Name changed w.e.f August 06, 2015)

An Open-ended Government Securities Scheme


7.59% GOI(MD 11/01/2026) 88.20% SOV

8.40% GOI (MD 28/07/2024) 1.82% SOV

Cash & Current Assets 9.99%

Top Portfolio Holdings





Inception - Oct 12, 1999 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Constant Maturity 10 Year Gilt Fund 9.77 10.14 8.09 9.53Value of Std Investment of ` 10,000 10974 13356 14755 49465Benchmark - I-Sec LIBEX 10.97 12.71 10.68 N/AValue of Std Investment of ` 10,000 11093 14314 16608 N/AAdditional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 N/AValue of Std Investment of ` 10,000 10961 13584 15038 N/A

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Pranay Sinha is 8. Total Schemes managed by Mr. Ashish Kela is 3. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Pranay Sinha & Mr. Ashish Kela since Saturday, April 01, 2017 (0.0) year.• The scheme is in existence for more than 5 years.•

A fund that aims to generate current income consistent with the portfolio invested exclusively in Government Securities.

An Open-ended Gilt scheme with the objective to provide investors current income consistent with a portfolio invested 100% in securities issued by the Government of India or the State Governments, and the secondary objective is capital appreciation.

Fund Manager: Mr. Kaustubh GuptaManaging Fund Since: April 01, 2017Total Experience: 9 yearsDate of Allotment: October 28, 1999Type of Scheme: An Open-ended Gilt Scheme

Application Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)^Regular Plan Growth : 48.6853Half Yearly Dividend: 10.2746Dividend: 12.0643Direct Plan$ Growth: 49.8034Half Yearly Dividend: 10.8408Dividend: 12.3787^The dividend option under the scheme have been renamed w.e.f December 26, 2014. Please refer addendum no, 59/2014 dated December 17, 2014 for further details.Benchmark: I-Sec LI-BEXMonthly Average AUM: ` 599.86 CroresAUM as on last day: ` 586.83 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 6.17 yearsAverage Maturity: 9.61 yearsYield to Maturity: 7.03%Expense Ratio:Regular 1.38Direct 0.78

95.98%

3.76% 0.26%

Sovereign Cash & Current Assets Unrated

Birla Sun Life Government Securities Fund - Long Term PlanAn Open-ended Gilt Scheme


6.79% GOI (MD 26/12/2029) 55.48% SOV

7.59% GOI(MD 11/01/2026) 31.76% SOV

7.68% GOI (MD 15/12/2023) 4.39% SOV

7.61% GOI(MD 09/05/2030) 2.63% SOV

7.98% Telangana UDAY BOND (MD 07/03/2030) 0.87% SOV


6.28% Pay Fix & Rec Mibor (30/12/21) ICICIBK 0.17%

6.58% Pay Fix & Rec Mibor (06/04/21) ICICISEC 0.04%

6.38% Pay Fix & Rec Mibor (01/08/19) HSBCBK 0.03%

6.3825% Pay Fix & Rec Mibor (01/08/19) HDFCBK 0.02%


17



Inception - Oct 28, 1999 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Government Securities Fund - Long Term Plan 9.08 11.12 9.58 9.46Value of Std Investment of ` 10,000 10905 13717 15795 48685Benchmark - I-Sec LIBEX 10.97 12.71 10.68 N/AValue of Std Investment of ` 10,000 11093 14314 16608 N/AAdditional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 N/AValue of Std Investment of ` 10,000 10961 13584 15038 N/A

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Kaustubh Gupta is 56. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Kaustubh Gupta since • April 01, 2017 (0.0) year.The scheme is in existence for more than 5 years.•

A fund that aims to generate income and capital appreciation by investing exclusively in Government Securities.

An Open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities.

Fund Manager: Mr. Pranay Sinha & Mr. Ashish KelaManaging Fund Since: April 01, 2017Total Experience: 10 years & 4 YearsDate of Allotment: October 12, 1999Type of Scheme: An Open-ended Government Securities SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 46.2708Quarterly Dividend: 10.3623Direct Plan$ Growth: 47.2691Quarterly Dividend: 10.5183Benchmark: I-Sec LI-BEXMonthly Average AUM: ` 77.88 CroresAUM as on last day: ` 77.70 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption / switch-out of units within 90 days from the date of allotment: 0.50% of applicable NAV. For redemption /switch-out of units after 90 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend ReinvestmentOther Parameter Modifi ed Duration: 7.16 yearsAverage Maturity: 12.09 yearsYield to Maturity: 7.38%Expense Ratio:Regular 1.39Direct 0.89

87.61%

12.39%


Birla Sun Life Gilt Plus - PF PlanAn Open-ended Government Securities Scheme


6.79% GOI (MD 26/12/2029) 41.35% SOV

7.89% Harayana SDL (MD 15/03/2027) 19.57% SOV


8.17% GOI (MD 01/12/2044) 6.86% SOV

7.73% GOI (MD 19/12/2034) 6.61% SOV







Inception - Oct 12, 1999 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Gilt Plus - PF Plan 12.52 13.14 10.93 9.12Value of Std Investment of ` 10,000 11248 14477 16793 46271Benchmark - I-Sec LIBEX 10.97 12.71 10.68 N/AValue of Std Investment of ` 10,000 11093 14314 16608 N/AAdditional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 N/AValue of Std Investment of ` 10,000 10961 13584 15038 N/A

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Pranay Sinha is 8. Total Schemes managed by Mr. Ashish Kela is 3. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme.The scheme is currently managed by Mr. Pranay Sinha & Mr. Ashish Kela since Saturday, April 01, 2017 (0.0) year.• The scheme is in existence for more than 5 years.•

An open ended fund-of-funds Scheme that invests in debt funds having diverse investment styles. These funds are selected using the BSLAMC process. It is actively managed to capture duration and credit opportunities.

The primary objective of the Scheme is to generate returns from a portfolio of pure debt oriented funds accessed through the diverse investment styles of underlying schemes selected in accordance with the BSLAMC process. There can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: December 29, 2006Type of Scheme: An Open ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular PlanGrowth: 22.5719Dividend: 14.1542Direct Plan$ Growth: 23.0007Dividend: 14.4093Benchmark: CRISIL Composite Bond Fund IndexMonthly Average AUM: ` 84.74 CroresAUM as on last day: ` 84.83 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Expense Ratio:Regular 1.11Direct 0.61

Birla Sun Life Active Debt Multi Manager FoF Scheme(erstwhile ING Active Debt Multi Manager FoF Scheme . Name changed w.e.f October 11, 2014)

An Open ended Fund of Funds Scheme

Issuer % to net Assets

Birla Sun Life Short Term Fund Grwth - Direct Plan 46.54%

IDFC Dynamic Bond Fund-Direct Plan-Growth 31.48%

Birla Sun Life MediumTerm Plan -Gr - Direct Plan 21.39%


Net receivables / payables -0.17%


Declared on date 25-Sep-14 25-Jun-14 20-Mar-14Dividend Yield (Regular Plan) 1.40% 0.28% 0.58%Dividend (`) Per Unit 0.1559 0.0312 0.0623Cum Dividend NAV 11.1669 11.0097 10.7957


19

-0.17%

0.77%

99.40%

Net receivables / payables

Cash & Current Assets

Mutual Fund Units



Inception - Dec 29, 2006 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Active Debt Multi Manager FoF Scheme 11.15 10.14 8.94 8.19Value of Std Investment of ` 10,000 11112 13358 15340 22572Benchmark - CRISIL Composite Bond Fund Index 10.07 10.93 9.28 7.81Value of Std Investment of ` 10,000 11004 13647 15583 21747Additional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 6.94Value of Std Investment of ` 10,000 10961 13584 15038 20006

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Shravan Sreenivasula is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Shravan Sreenivasula since • December 15, 2014 (2.4) years.The scheme is in existence for more than 5 years.•

An open ended fund-of-funds Scheme following the fi nancial planning discipline with exposure to equity, debt and gold funds. It is suitable for investors with conservative risk profi le. It aims to provide income through limited exposure to equity. (Please consult your fi nancial advisor for your risk profi le)

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: May 09, 2011Type of Scheme: An Open ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 16.5285Dividend: 15.0391Direct Plan$ Growth: 16.8958Dividend: 11.4629Benchmark: 20% Nifty 50 + 44% CRISILLiquid Fund index + 24% CRISIL Composite Bond Fund index + 12% INR price of GoldMonthly Average AUM: ` 5.03 CroresAUM as on last day: ` 4.92 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/ switchoutof units within and including 1 year from the date of allotment: 1% of applicable NAV. For redemption/ switch-out of units after 1 year from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Expense Ratio:Regular 1.25Direct 0.72

Birla Sun Life Financial Planning FOF - Conservative Plan(erstwhile ING Financial Planning Fund - Conservative Plan. Name changed w.e.f October 11, 2014)



Birla Sun Life Cash Plus - Growth - Direct Plan 38.61%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 16.20%IDFC Dynamic Bond Fund-Direct Plan-Growth 7.65%Kotak MF Gold ETF 6.80%MOSt Focused Multicap 35-Direct Plan-Growth Option 6.60%Birla Sun Life Advantage Fund - Gr - Dir Pl 6.11%Reliance ETF Gold BeES 5.97%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 4.64%SBI Blue Chip Fund-Direct Plan -Growth 2.06%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 1.71%


Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 / 1800-22-7000 or from any of our Investor Service Centers.“The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments.”# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash fl ow by using XIRR method (investment internal rate of return).Where Benchmark returns are not available, they have not been shown. Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered.

The Scheme aims to generate returns by investing in mutual fund schemes selected in accordance with the BSLAMC process, as per the risk-return profi le of investors. Each of the 3 plans under the Scheme has a strategic asset allocation which is based on satisfying the needs to a specifi c risk-return profi le of investors. There can be no assurance that the investment objective of the Scheme will be realized.

-4.07%

7.72%

12.77%

83.57%



Exchange Traded Fund

Mutual Fund Units



SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 710000 600000 360000 120000Market Value of amount Invested 924192 749929 408006 125326Scheme Returns (CAGR) 8.82 8.86 8.31 8.3820% Nifty 50 + 44% CRISIL Liquid Fund index + 24% CRISIL Composite Bond Fund index + 12% INR price of Gold returns# (CAGR) 8.21 8.15 7.77 7.85

CRISIL 10 Year Gilt Index returns# (CAGR) 9.24 9.60 10.98 9.98S&P BSE SENSEX returns## (CAGR) 10.18 10.16 6.97 16.65

Date of First Installment: June 01, 2011 & Scheme Inception Date: May 09, 2011 . Past Performance may or may not be sustained in future.


Inception - May 09, 2011 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Financial Planning FOF - Conservative Plan 10.23 9.72 8.90 8.77Value of Std Investment of ` 10,000 11020 13204 15311 16529Benchmark - 20% Nifty 50 + 44% CRISIL Liquid Fund index + 24% CRISIL Composite Bond Fund index + 12% INR price of Gold

8.84 8.59 8.19 8.30

Value of Std Investment of ` 10,000 10882 12801 14820 16104Additional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 7.86Value of Std Investment of ` 10,000 10961 13584 15038 15718Additional Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 8.35Value of Std Investment of ` 10,000 11684 13346 17275 16147

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Shravan Sreenivasula is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Shravan Sreenivasula since December 15, 2014 (2.4) years.• The scheme is in existence for more than 5 years.•

An open ended fund-of-funds Scheme following the fi nancial planning discipline with exposure to equity, debt and gold funds. It is suitable for investors with prudent riskprofi le. It aims to provide long term capital appreciation. (Please consult your fi nancial advisor for your risk profi le)


SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 17.9322Dividend: 16.0834Direct Plan$ Growth: 18.3038Dividend: 16.5880Benchmark: 40% Nifty 50 + 30% CRISILLiquid Fund index + 20% CRISIL Composite Bond Fund index + 10% INR price of GoldMonthly Average AUM: ` 17.43 CroresAUM as on last day: ` 17.56 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Expense Ratio:Regular 1.34Direct 0.81

Birla Sun Life Financial Planning FOF - Prudent Plan(erstwhile ING Financial Planning Fund - Prudent Plan. Name changed w.e.f October 11, 2014)



Birla Sun Life Cash Plus - Growth - Direct Plan 26.56%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 12.20%MOSt Focused Multicap 35-Direct Plan-Growth Option 10.84%Birla Sun Life Advantage Fund - Gr - Dir Pl 9.40%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 8.70%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 6.98%SBI Blue Chip Fund-Direct Plan -Growth 6.35%Birla Sun Life Short Term Fund Grwth - Direct Plan 4.96%IDFC Dynamic Bond Fund-Direct Plan-Growth 4.52%Reliance ETF Gold BeES 4.50%




-0.41%

1.14%

8.77%

90.50%




Mutual Fund Units

21

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 710000 600000 360000 120000Market Value of amount Invested 988803 796834 418974 127729Scheme Returns (CAGR) 11.09 11.30 10.12 12.2340% Nifty 50 + 30% CRISIL Liquid Fund index + 20% CRISIL Composite Bond Fund index + 10% INR price of Gold returns# (CAGR) 8.81 8.79 7.88 10.18




Inception - May 09, 2011 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Financial Planning FOF - Prudent Plan 14.48 12.80 11.32 10.27Value of Std Investment of ` 10,000 11444 14346 17092 17932Benchmark - 40% Nifty 50 + 30% CRISIL Liquid Fund index + 20% CRISIL Composite Bond Fund index + 10% INR price of Gold

11.16 9.32 9.06 8.47


Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Shravan Sreenivasula is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Shravan Sreenivasula since • December 15, 2014 (2.4) years.The scheme is in existence for more than 5 years.•

A fund that seeks to provide you regular income with an opportunity to grow your money through fi xed income investments and a limited exposure to the equity markets.

An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus.

Fund Manager: Ms. Sunaina da CunhaManaging Fund Since: March 27, 2017Total Experience: 11 yearsDate of Allotment: May 22, 2004Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 31.5321Monthly Dividend: 13.2637Direct Plan$ Growth : 32.1145Monthly Dividend: 13.9718Benchmark: CRISIL MIP Blended IndexMonthly Average AUM: ` 292.01 CroresAUM as on last day: ` 291.27 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 540 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 2.24 yearsAverage Maturity: 2.60 yearsYield to Maturity: 9.36% (for Debt Component)Portfolio Turnover: 2.08(for Equity Component)Expense Ratio:Regular 1.66Direct 1.07

44.67%

41.71%

8.69%3.58%

1.11%0.23%

AAA Below AA

IND A- Cash & Current Assets

AA Sovereign

Birla Sun Life MIP II - Savings 5 Plan(Monthly income is not assured and is subject to availability of distributable surplus.)





IDBI Bank Limited 8.75% CRISIL A,ICRA A


JSW Energy Limited 8.65% CARE AA-

Vodafone Mobile Services Ltd 8.64% IND AAA



L&T Infrastructure Finance Co Ltd 8.34% CARE A1+





23



Inception - May 22, 2004 1 Year 3 Years 5 Years Since InceptionBirla Sun Life MIP II - Savings 5 Plan 10.56 11.58 10.33 9.28Value of Std Investment of ` 10,000 11053 13888 16345 31532Benchmark - CRISIL MIP Blended Index 11.42 11.17 9.85 8.28Value of Std Investment of ` 10,000 11139 13737 15994 27993Additional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 5.65Value of Std Investment of ` 10,000 10961 13584 15038 20368

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Ms. Sunaina Da Cunha is 7. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Ms. Sunaina Da Cunha since • March 27, 2017 (0.1) year.The scheme is in existence for more than 5 years.•


The primary objective of the scheme is to generate regular income so as to make monthly distributions to unit holders with the secondary objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets primarily in fi xed income securities, money market instruments, cash and cash equivalents while at the same time maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.)

Fund Manager: Ms. Sunaina da CunhaManaging Fund Since: March 27, 2017Total Experience: 11 yearsDate of Allotment: November 20, 2000Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 43.8859Monthly Dividend: 12.3354Direct Plan$ Growth : 44.9462Monthly Dividend: 13.7211Benchmark: CRISIL MIP Blended IndexMonthly Average AUM: ` 101.36 CroresAUM as on last day: ` 99.78 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 1095 days from the date of allotment: 1.00% of the applicable NAV. For redemption/switch out of units after 1095 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 5.05 yearsAverage Maturity: 6.90 yearsYield to Maturity: 9.18% (for Debt Component)Portfolio Turnover: 1.99(for Equity Component)Expense Ratio:Regular 2.00Direct 1.17

43.58%

33.21%

10.67%

10.15%2.39%

Sovereign Below AAAAA IND A-Cash & Current Assets

Birla Sun Life MIP(Monthly income is not assured and is subject to availability of distributable surplus.)



7.59% GOI(MD 11/01/2026) 15.56% SOV

6.79% GOI (MD 26/12/2029) 14.64% SOV

7.61% GOI(MD 09/05/2030) 10.31% SOV





IDBI Bank Limited 7.84% CRISIL A


6.90% GOI (MD 13/07/2019) 3.07% SOV








Inception - Nov 20, 2000 1 Year 3 Years 5 Years Since InceptionBirla Sun Life MIP 10.15 9.87 9.21 9.41Value of Std Investment of ` 10,000 11012 13260 15530 43886Benchmark - CRISIL MIP Blended Index 11.42 11.17 9.85 N/AValue of Std Investment of ` 10,000 11139 13737 15994 N/AAdditional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 N/AValue of Std Investment of ` 10,000 10961 13584 15038 N/A

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Ms. Sunaina Da Cunha is 7. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Ms. Sunaina Da Cunha since • March 27, 2017 (0.1) year.The scheme is in existence for more than 5 years.•


An Open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterly distributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of distributable surplus.

Fund Manager: Ms. Sunaina da CunhaManaging Fund Since: March 27, 2017Total Experience: 11 yearsDate of Allotment: July 14, 1999Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 62.3421Dividend: 12.6806Quarterly Dividend: 12.3692Direct Plan$ Growth : 64.2303Dividend: 13.7904Quarterly Dividend: 13.0868Benchmark: CRISIL MIP Blended IndexMonthly Average AUM: ` 265.50 CroresAUM as on last day: ` 264.51 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 540 days from the date of allotment: 1.00% of the applicable NAV.For redemption/switch out of units after 540 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 1.63 yearsAverage Maturity: 1.79 yearsYield to Maturity: 8.73% (for Debt Component)Portfolio Turnover: 2.10(for Equity Component)Expense Ratio:Regular 0.96Direct 0.17

35.47%

27.58%

27.39%

9.57%

Below AA AAA Cash & Current Assets IND A-

Birla Sun Life Monthly Income(Monthly income is not assured and is subject to availability of distributable surplus.)






JSW Energy Limited 9.53% CARE AA-


L&T Infrastructure Finance Co Ltd 9.19% CARE A1+




IDBI Bank Limited 2.96% CRISIL A




25



Inception - July 14, 1999 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Monthly Income 10.16 11.24 9.76 10.83Value of Std Investment of ` 10,000 11013 13763 15929 62342Benchmark - CRISIL MIP Blended Index 11.42 11.17 9.85 N/AValue of Std Investment of ` 10,000 11139 13737 15994 N/AAdditional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 N/AValue of Std Investment of ` 10,000 10961 13584 15038 N/A

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Ms. Sunaina Da Cunha is 7. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Ms. Sunaina Da Cunha since March 27, 2017 (0.1) year.• The scheme is in existence for more than 5 years.•


An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus.

Fund Manager: Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Vineet MalooManaging Fund Since: June 18, 2009, August 26, 2015 & August 26, 2015 respectivelyTotal Experience: 16 years, 10 years & 11 years respectivelyDate of Allotment: May 22, 2004Type of Scheme: An Open-ended Income SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth : 36.6292Monthly Dividend: 15.2553Direct Plan$ Growth : 37.9411Monthly Dividend: 20.2145Benchmark: CRISIL MIP Blended IndexMonthly Average AUM: ` 1731.15 CroresAUM as on last day: ` 1782.27 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% ofapplicable NAV. For redemption / switch-out of units after 365 daysfrom the date of allotment: Nil. (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 5.33 yearsAverage Maturity: 9.39 yearsYield to Maturity: 7.50% (for Debt Component)Portfolio Turnover: 2.14(for Equity Component)Expense Ratio:Regular 2.08Direct 0.87

44.81%

29.76%

10.66%

10.31%

3.04%1.42%

Sovereign Unrated

Cash & Current Assets AA

Below AA AAA

Birla Sun Life MIP II - Wealth 25 Plan(Monthly income is not assured and is subject to availability of distributable surplus.)





Tata Capital Financial Services Ltd 8.44% CRISIL AA+

Yes Bank Limited 2.86% ICRA AA+

Eicher Motors Limited 2.06%

Natco Pharma Limited 1.89%

Hindustan Petroleum Corporation Limited 1.80%

Bharat Aluminium Co Ltd. 1.40% CRISIL AA-

Union Bank of India 1.40% IND AA

Bajaj Finserv Limited 1.27%


Declared on date 30-Sep-16 26-Aug-16 29-Jul-16Dividend Yield (Regular Plan) 0.47% 0.38% 0.45%Dividend (`) Per Unit 0.0713 0.0568 0.0669Cum Dividend NAV 15.0204 14.7764 14.7239Declared on date 29-Jul-16 24-Jun-16 27-May-16Dividend Yield (Direct Plan) 0.26% 0.16% 0.38%Dividend (`) Per Unit 0.0476 0.0277 0.0655Cum Dividend NAV 18.4088 17.2661 17.0510


Declared on date 29-Apr-17 30-Mar-17 27-Feb-17Dividend Yield (Regular Plan) 0.39% 0.42% 0.43%Dividend (`) Per Unit 0.0602 0.0633 0.0638Cum Dividend NAV 15.2553 15.0595 14.8418Declared on date 29-Jul-16 24-Jun-16 27-May-16Dividend Yield (Direct Plan) 0.26% 0.16% 0.38%Dividend (`) Per Unit 0.0476 0.0277 0.0655Cum Dividend NAV 18.4088 17.2661 17.0510






Inception - May 22, 2004 1 Year 3 Years 5 Years Since InceptionBirla Sun Life MIP II - Wealth 25 Plan 19.68 16.38 14.03 10.55Value of Std Investment of ` 10,000 11962 15756 19276 36629Benchmark - CRISIL MIP Blended Index 11.42 11.17 9.85 8.28Value of Std Investment of ` 10,000 11139 13737 15994 27993Additional Benchmark - CRISIL 10 Year Gilt Index 9.64 10.76 8.51 5.65Value of Std Investment of ` 10,000 10961 13584 15038 20368

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Satyabrata Mohanty is 11. Total Schemes managed by Mr. Pranay Sinha is 8. Total Schemes managed by Mr. Vineet Maloo is 13. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Vineet Maloo since June 18, 2009, August 26, 2015 • & August 26, 2015 (7.9) years, (1.7) years & (1.7) years Respectively.The scheme is in existence for more than 5 years.•

A fund that provides an opportunity to save tax while growing your money through Equity investments.

An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities

Fund Manager: Mr. Ajay GargManaging Fund Since: October 01, 2006Total Experience: 22 yearsDate of Allotment: March 29, 1996Type of Scheme: An Open-ended ELSSScheme with a lock - in of 3 years from the date of allotment.Application Amount for fresh subscription*: ` 500 (plus in multiplies of ` 1)Min. Addl. Investment: ` 500 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth (w.e.f. 06/03/08): 26.63Dividend: 150.40Direct Plan$ Growth: 27.60Dividend: 190.37Benchmark: S&P BSE 200Monthly Average AUM: ` 3275.16 CroresAUM as on last day: ` 3354.94 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: NilOther Parameter Standard Deviation: 15.70%Sharpe Ratio##: 0.89Beta: 0.97Portfolio Turnover: 0.004Expense Ratio:Regular 2.31Direct 1.34

Birla Sun Life Tax Relief ‘96 (U/S 80C) An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment.


Sundaram Clayton Limited 8.65%

Bayer Cropscience Limited 5.67%

Honeywell Automation India Limited 5.17%

Gillette India Limited 4.14%

ICRA Limited 3.98%

Johnson Controls – Hitachi Air Conditioning India Limited 3.85%

MRF Limited 3.31%


Bosch Limited 3.15%

Pfi zer Limited 2.98%


Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 / 1800-22-7000 or from any of our Investor Service Centers.The Dividend Reinvestment Facility under the scheme have been discontinued w.e.f. February 12, 2015. Please refer addendum no. 07/2015 dated February 09, 2015 for further details.

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash fl ow by using XIRR method (investment internal rate of return).Where Benchmark returns are not available, they have not been shown.

3.72%4.94%

5.29%

5.59%

5.67%

7.92%

8.05%

9.41%

12.82%

15.11%

Auto

Consumer Durables

Industrial Capital Goods

Cement

Pesticides


Finance

Pharmaceuticals

Banks

Auto Ancillaries

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.## Risk Free Rate assumed to be 6.18% (FBIL Overnight MIBOR for 30th Apr 2017) for calculating Sharpe Ratio

Declared on date 25-Nov-16 11-Mar-16 13-Mar-15Dividend Yield (Regular Plan) 5.02% 5.16% 1.97%Dividend (`) Per Unit 6.62 6.50 2.75Cum Dividend NAV 131.94 126.09 139.52


28

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1090000 600000 360000 120000Market Value of amount Invested 2436263 1015296 459104 134696Scheme Returns (CAGR) 17.03 21.19 16.47 23.58S&P BSE 200 returns# (CAGR) 11.71 13.45 10.96 21.24Nifty 50 returns## (CAGR) 10.40 11.15 8.38 17.97Date of First Installment: April 01, 2008 & Scheme Inception Date: March 06, 2008. Past Performance may or may not be sustained in future.


Inception - Mar 06, 2008 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Tax Relief ‘96 24.11 25.22 21.53 11.30Value of Std Investment of ` 10,000 12403 19624 26498 26630Benchmark - S&P BSE 200 22.99 14.97 13.83 7.72Value of Std Investment of ` 10,000 12292 15189 19108 19758Additional Benchmark - Nifty 50 18.58 11.60 12.14 7.20Value of Std Investment of ` 10,000 11853 13894 17728 18905

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Ajay Garg since October 01, 2006 (10.6) years.• The scheme is in existence for more than 5 years.•

A fund that provides an opportunity to save tax while growing your money through Equity investments.

An Open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment.

Fund Manager: Mr. Ajay GargManaging Fund Since: October 17, 2011Total Experience: 22 yearsDate of Allotment: February 16, 1999Type of Scheme: An Open-ended ELSSScheme with a lock - in of 3 years from the date of allotment.Application Amount for fresh subscription*: ` 500 (plus in multiplies of ` 1)Min. Addl. Investment: ` 500 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 33.44Dividend: 80.50Direct Plan$ Growth: 34.88Dividend: 114.85Benchmark: S&P BSE SENSEXMonthly Average AUM: ` 519.81 CroresAUM as on last day: ` 532.10 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: NilOther Parameter Standard Deviation: 14.79%Sharpe Ratio##: 1.23Beta: 0.97Portfolio Turnover: 0.004Expense Ratio:Regular 2.67Direct 1.54

Birla Sun Life Tax Plan (U/S 80C)An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment.






ICRA Limited 3.98%


MRF Limited 3.36%


Bosch Limited 3.16%



Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 / 1800-22-7000 or from any of our Investor Service Centers.The Dividend Reinvestment Facility under the scheme have been discontinued w.e.f. February 12, 2015. Please refer addendum no. 07/2015 dated February 09, 2015 for further details.

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. CAGR returns are computed after accounting for the cash fl ow by using XIRR method (investment internal rate of return).Where Benchmark returns are not available, they have not been shown.


3.73%4.93%

5.26%

5.68%

5.71%

7.95%

8.06%

9.43%

12.89%

15.48%

Auto

Consumer Durables


Pesticides

Cement


Finance

Pharmaceuticals

Banks

Auto Ancillaries

Declared on date 14-Mar-17 23-Mar-16 20-Mar-15Dividend Yield (Regular Plan) 5.90% 7.92% 5.52%Dividend (`) Per Unit 4.67 5.75 4.50Cum Dividend NAV 79.12 72.57 81.45




SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1260000 600000 360000 120000Market Value of amount Invested 2858280 994904 454429 134277Scheme Returns (CAGR) 14.85 20.35 15.75 22.89S&P BSE SENSEX returns# (CAGR) 9.04 10.19 7.02 16.72Nifty 50 returns## (CAGR) 9.61 11.15 8.38 17.97Date of First Installment: March 01, 1999 & Scheme Inception Date: February 16, 1999. Past Performance may or may not be sustained in future.


Inception - Oct 03, 2006 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Tax Plan 23.42 24.38 20.79 12.09Value of Std Investment of ` 10,000 12335 19229 25703 33440Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 8.71Value of Std Investment of ` 10,000 11684 13346 17275 24193Additional Benchmark - Nifty 50 18.58 11.60 12.14 9.48Value of Std Investment of ` 10,000 11853 13894 17728 26065

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Ajay Garg since • October 17, 2011 (5.6) years.The scheme is in existence for more than 5 years.•

A fund that provides an opportunity to save tax and aims to create wealth through Equity investments.

Birla Sun Life Tax Savings Fund is an open ended equity linked savings scheme which aims to provide medium to long term growth of capital along with income tax rebate.

Fund Manager: Mr. Ajay GargManaging Fund Since: October 11, 2014Total Experience: 22 yearsDate of Allotment: March 28, 2004Type of Scheme: An Open-ended Equity Linked Savings SchemeNAV of Plans / Options (`)Regular Plan Growth: 61.05Dividend: 28.34Bonus: 61.13Direct Plan$ Growth: 62.75Dividend: 29.02Bonus: 62.84Application Amount for fresh subscription*: NA as the scheme does not accept fresh subscriptions /Switch-inMin. Addl. Investment: NA as the scheme does not accept fresh subscriptions /Switch-in

Benchmark: S&P BSE 100Monthly Average AUM: ` 24.90 CroresAUM as on last day: ` 25.18 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: NilOther Parameter Standard Deviation: 14.59%Sharpe Ratio##: 1.09Beta: 0.96Portfolio Turnover: 0.08Expense Ratio:Regular 2.70Direct 2.40

Birla Sun Life Tax Savings Fund (U/S 80C)An Open-ended Equity Linked Savings Scheme






ICRA Limited 3.71%


MRF Limited 3.40%


Bosch Limited 2.95%

Biocon Limited 2.92%



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash fl ow by using XIRR method (investment internal rate of return).Where Benchmark returns are not available, they have not been shown.

3.46%4.70%

5.28%

5.50%

5.73%

7.12%

7.91%

9.11%

13.14%

15.19%

Auto

Consumer Durables


Pesticides

Cement


Finance

Pharmaceuticals

Banks

Auto Ancillaries


30

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1570000 600000 360000 120000Market Value of amount Invested 3922185 945231 452942 134925Scheme Returns (CAGR) 13.09 18.24 15.52 23.96S&P BSE 100 returns# (CAGR) 11.61 12.18 9.61 20.06S&P BSE SENSEX returns## (CAGR) 10.91 10.19 7.02 16.72Date of First Installment: April 01, 2004 & Scheme Inception Date: March 28, 2004 . Past Performance may or may not be sustained in future.


Inception - Mar 28, 2004 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Tax Savings Fund 24.26 22.19 17.28 14.82Value of Std Investment of ` 10,000 12419 18235 22176 61050Benchmark - S&P BSE 100 21.33 12.94 12.92 14.24Value of Std Investment of ` 10,000 12127 14400 18355 57121Additional Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 13.76Value of Std Investment of ` 10,000 11684 13346 17275 54112

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme.The scheme is currently managed by Mr. Ajay Garg since October 11, 2014 (2.6) years.• The scheme is in existence for more than 5 years.•

Declared on date 14-Mar-17Dividend Yield (Regular Plan) 5.91%Dividend (`) Per Unit 1.65Cum Dividend NAV 27.92Dividend Yield (Regular Plan) 5.91%Dividend (`) Per Unit 1.69Cum Dividend NAV 28.59


31



32





What are Wealth Solutions?

Our Wealth Creation Solutions seek to provide superior tax efficient growth of your capital through equity investments over a longer term.

Who can benefit from Wealth Creation Solutions?

These solutions can be ideal for investors who are planning for future expenses, like higher education of children, marriage, buying a home etc.These solutions are available in the range of aggressive to conservative options to suit the needs of the investor.

Benefits of Wealth Creation Solutions:

Tax Free Returns: No capital gains tax (on withdrawal) if you stay invested for over a year as per current tax laws. Invest in the long-term to overcome short-term ups and downs.

Risk is lowered: Mutual funds invest in many companies and funds are managed by experts; which can be considered as an alternative to direct investment in shares.

Investors are requested to consult their tax advisor before investing for individual nature of tax benefit. The Financial Solution (Wealth Creation Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.

BENEFITS OF WEALTH CREATION SOLUTIONS:

Birla Sun Life Equity Savings Fund uses a unique combination of equity derivative strategies, arbitrage opportunities, pure equity investments, debt & money market instruments which together intends to deliver Tax Effi cient Growth with Low Volatility.

To provide capital appreciation and income distribution to the investors by using a blend of equity derivatives strategies, arbitrage opportunities and pure equity investments. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Fund Manager: Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Lovelish SolankiManaging Fund Since: Since Inception, August 26, 2015 & August 26, 2015 respectivelyTotal Experience: 16 years, 10 Years & 7 yearsDate of Allotment: November 28, 2014Type of Scheme: An Open ended Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 12.53Dividend: 11.60Direct Plan$ Growth: 12.87Dividend: 11.91Benchmark: 30% S&P BSE 200 + 30%Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund IndexMonthly Average AUM: ` 492.16 CroresAUM as on last day: ` 514.93 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 0.65 yearsAverage Maturity: 1.14 yearsYield to Maturity: 6.22%Portfolio Turnover: 4.42Expense Ratio:Regular 2.30Direct 1.10

Birla Sun Life Equity Savings FundAn Open ended Equity Scheme



Tata Motors Finance Ltd 4.80% ICRA A1+


State Bank of India 3.15%




Repco Home Finance Limited 1.85%

Dalmia Bharat Limited 1.62%

Hindalco Industries Limited 1.35%


1.63%1.63%

2.17%

3.37%

4.74%

5.16%

5.49%

6.30%

13.02%

15.95%

Healthcare Services

Oil

Cement


Pharmaceuticals

Auto

Petroleum Products


Banks

Finance

Declared on date 29-Mar-17 30-Dec-16 30-Sep-16Dividend Yield (Regular Plan) 1.91% 1.75% 1.98%Dividend (`) Per Unit 0.22 0.19 0.23Cum Dividend NAV 11.53 10.84 11.59Dividend Yield (Direct Plan) 2.03% 1.80% 1.94%Dividend (`) Per Unit 0.24 0.20 0.23Cum Dividend NAV 11.83 11.10 11.83



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash fl ow by using XIRR method (investment internal rate of return).Where Benchmark returns are not available, they have not been shown. Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered.

34

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 1 yearTotal Amount Invested (`) 290000 120000Market Value of amount Invested 331979 129761Scheme Returns (CAGR) 11.24 15.5030% S&P BSE 200 + 30% Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund Index returns# (CAGR) 9.20 11.60CRISIL 10 Year Gilt Index returns# (CAGR) 10.62 10.04Nifty 50 returns## (CAGR) 8.43 17.97Date of First Installment: December 01, 2014 & Scheme Inception Date: November 28, 2014. Past Performance may or may not be sustained in future.


Inception - Nov 28, 2014 1 Year Since InceptionBirla Sun Life Equity Savings Fund 18.71 9.78Value of Std Investment of ` 10,000 11866 12530Benchmark - 30% S&P BSE 200 + 30% Crisil Short Term Bond Fund Index + 40% Crisil Liquid Fund Index 12.30 7.92Value of Std Investment of ` 10,000 11226 12022Additional Benchmark - CRISIL 10 Year Gilt Index 9.64 9.71Value of Std Investment of ` 10,000 10961 12511Additional Benchmark - Nifty 50 18.58 3.37Value of Std Investment of ` 10,000 11853 10833

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Satyabrata Mohanty is 11. Total Schemes managed by Mr. Pranay Sinha is 8. Total Schemes managed by Mr. Lovelish Solanki is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Satyabrata Mohanty, Mr. Pranay Sinha & Mr. Lovelish Solanki since (Since Inception), August • 26, 2015 & August 26, 2015 (2.4) years, (1.7) years & (1.7) years Respectively.The scheme is in existence for more than 1 years but less than 3 years.•

An open ended Asset allocation scheme which balances the portfolio between Equity and Fixed income securities based on market valuations to generate long term wealth at a relatively low volatility.

The primary objective of the Scheme is to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fi xed-income securities.

Fund Manager: Mr. Mohit Sharma & Mr. Vineet MalooManaging Fund Since: April 01, 2017Total Experience: 1 year & 11 yearsDate of Allotment: April 25, 2000Type of Scheme: An Open ended Asset Allocation SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 48.86Dividend: 22.37Direct Plan$ Growth: 50.40Dividend: 23.13Benchmark: CRISIL Balanced Fund - Aggressive IndexMonthly Average AUM: ` 745.27 CroresAUM as on last day: ` 871.75 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 11.06%Sharpe Ratio##: 1.00Beta: 1.10Portfolio Turnover: 5.38Expense Ratio:Regular 2.65Direct 1.35

Birla Sun Life Balanced Advantage Fund(erstwhile Birla Sun Life Dynamic Asset Allocation Fund. Name changed w.e.f September 30, 2016)

An Open ended Asset Allocation Scheme


HDFC Bank Ltd 6.30% Indian Oil Corporation Ltd 4.28%

Mahanagar Gas Limited 3.62%

Bajaj Finance Limited 2.91% ICRA AA+


Shriram Transport Finance Company Limited 2.88% CRISIL AA+Housing Development Finance Corporation Limited

2.88% CRISIL AAA

Power Finance Corporation Limited 2.84% CRISIL AAAMahindra & Mahindra Financial Services Limited

2.84% CRISIL A1+

ICICI Bank Ltd 2.65%



2.19%3.05%

3.58%

4.23%

4.24%

4.52%

5.54%

6.87%

8.22%

14.90%

Industrial Products


Power

Finance

Auto

Non - Ferrous Metals


Gas

Petroleum Products

Banks







SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2030000 600000 360000 120000Market Value of amount Invested 6724333 883473 452847 133924Scheme Returns (CAGR) 12.86 15.48 15.50 22.31CRISIL Balanced Fund - Aggressive Index returns# (CAGR) NA 10.96 9.26 14.83S&P BSE SENSEX returns## (CAGR) 13.41 10.19 7.02 16.72Date of First Installment: May 01, 2000 & Scheme Inception Date: April 25, 2000 . Past Performance may or may not be sustained in future.


Inception - Apr 25, 2000 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Balanced Advantage Fund 27.22 17.23 14.57 9.77Value of Std Investment of ` 10,000 12714 16104 19733 48860Benchmark - CRISIL Balanced Fund - Aggressive Index 15.73 11.62 11.40 N/AValue of Std Investment of ` 10,000 11569 13903 17150 N/AAdditional Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 11.72Value of Std Investment of ` 10,000 11684 13346 17275 65987

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 8. Total Schemes managed by Mr. Mohit Sharma is 24. Total Schemes managed by Mr. Vineet Maloo is 13. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Mohit Sharma & Mr. Vineet Maloo since April 01, 2017 (0.0) year.• The scheme is in existence for more than 5 years.•

A fund that seeks to achieve long-term growth of your investment at moderate levels of risk by striking a balance between potential growth of equity and relative safety of debt.

An Open ended Balanced Scheme with the objective to generate long term growth of capital and current income, through a portfolio with a target allocation of 60% equity and 40% debt and money market securities. The secondary objective is income generation and distribution of dividend.

Fund Manager: Mr. Mahesh Patil, Mr. Pranay Sinha & Mr. Dhaval ShahManaging Fund Since: January 16, 2014, August 26, 2015 & November 23, 2016Total Experience: 24 years, 10 years & 12 yearsDate of Allotment: February 10, 1995Type of Scheme: An Open-ended Balanced SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 694.65Dividend: 148.69Direct Plan$ Growth: 724.67Dividend: 211.36Benchmark: CRISIL Balanced Fund - Aggressive IndexMonthly Average AUM: ` 7762.49 CroresAUM as on last day: ` 8159.35 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Modifi ed Duration: 5.04 yearsAverage Maturity: 8.96 yearsYield to Maturity: 7.48%Standard Deviation: 11.87%Sharpe Ratio##: 1.20Beta: 1.22Portfolio Turnover: 1.33Expense Ratio:Regular 2.27Direct 0.98

70.86%

12.80%

8.95%

5.58%

1.36%0.45%

Equity Sovereign

Cash & Current Assets AAA

Below AA AA 2.72%3.14%

3.38%

3.50%

3.72%

5.49%

5.59%

6.28%

7.65%

13.79%




Software

Petroleum Products


Auto

Pharmaceuticals

Finance

Banks

Birla Sun Life Balanced ‘95 Fund(erstwhile Birla Sun Life ‘95 Fund. Name changed w.e.f January 01, 2016)

An Open-ended Balanced Scheme


Government of India 10.39% SOVHDFC Bank Limited 4.41%ICICI Bank Limited 3.02%Power Finance Corporation Limited 2.82% CRISIL AAAInfosys Limited 2.45%State Government Securities 2.41% SOVYes Bank Limited 2.15%IndusInd Bank Limited 1.99%Tata Motors Limited 1.66%Bharat Electronics Limited 1.65%




Declared on date 17-Mar-17 26-Dec-16 30-Sep-16Dividend Yield (Regular Plan) 2.94% 2.58% 2.56%Dividend (`) Per Unit 4.35 3.50 3.80Cum Dividend NAV 147.91 135.43 148.62Declared on date 30-Sep-16 23-Dec-15 01-Oct-14Dividend Yield (Direct Plan) 2.03% 2.07% 4.40%Dividend (`) Per Unit 4.00 3.60 7.00Cum Dividend NAV 197.27 174.23 159.03


36

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2650000 600000 360000 120000Market Value of amount Invested 41804032 941644 449487 132833Scheme Returns (CAGR) 20.94 18.09 14.98 20.51CRISIL Balanced Fund - Aggressive Index returns# (CAGR) NA 10.96 9.26 14.83Nifty 50 returns## (CAGR) 12.33 11.15 8.38 17.97Date of First Installment: March 01, 1995 & Scheme Inception Date: February 10, 1995 . Past Performance may or may not be sustained in future.



Inception - Feb 10, 1995 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Balanced ‘95 Fund 22.90 20.44 18.01 21.02Value of Std Investment of ` 10,000 12283 17461 22873 694650Benchmark - CRISIL Balanced Fund - Aggressive Index 15.73 11.62 11.40 N/AValue of Std Investment of ` 10,000 11569 13903 17150 N/AAdditional Benchmark - Nifty 50 18.58 11.60 12.14 10.37Value of Std Investment of ` 10,000 11853 13894 17728 89707

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemes managed by Mr. Pranay Sinha is 8. Total Schemes managed by Mr. Dhaval Shah is 1. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Mahesh Patil, Mr. Pranay Sinha & Mr. Dhaval Shah since January 16, 2014, August 26, 2015 & • November 23, 2016 (3.3) years, (1.7) years & (0.5) years Respectively.The scheme is in existence for more than 5 years.•

A fund that is designed to mirror the market performance of the 50 companies in the Nifty Index.

An Open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors.

Fund Manager: Mr. Ajay GargManaging Fund Since: October 01, 2006Total Experience: 22 yearsDate of Allotment: September 18, 2002Type of Scheme: An Open-ended Index Linked Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 90.9619Dividend: 11.9213Direct Plan$ Growth: 91.0907Dividend: 12.0657Benchmark: Nifty 50Monthly Average AUM: ` 166.36 CroresAUM as on last day: ` 162.48 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 13.73%Sharpe Ratio##: 0.39Beta: 0.99Portfolio Turnover: 3.22Expense Ratio:Regular 0.75Direct 0.45Tracking Error: 0.53%

Birla Sun Life Index FundAn Open-ended Index Linked Growth Scheme


Nifty Index 27.23%


Housing Development Finance Corporation Limited 5.04%

ITC Limited 4.89%

Reliance Industries Limited 4.77%

Infosys Limited 3.79%

ICICI Bank Limited 3.35%

Larsen & Toubro Limited 2.97%

Tata Consultancy Services Limited 2.50%



2.13%2.32%

2.97%

3.71%

5.70%

6.47%

7.33%

7.54%

8.43%

18.70%

Power

Cement


Pharmaceuticals

Finance

Petroleum Products


Auto

Software

Banks

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.## Risk Free Rate assumed to be 6.18% (FBIL Overnight MIBOR for 30th Apr 2017) for calculating Sharpe RatioTracking Ratio for BSL Index Fund is computed based on Nifty TR Index

Declared on date 15-Mar-17 28-Mar-16 02-Nov-15Dividend Yield (Regular Plan) 6.95% 9.84% 20.62%Dividend (`) Per Unit 0.87 1.15 3.20Cum Dividend NAV 12.52 11.69 15.52Dividend Yield (Direct Plan) 6.87% 10.52% 20.37%Dividend (`) Per Unit 0.87 1.25 3.20Cum Dividend NAV 12.66 11.88 15.71






SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1750000 600000 360000 120000Market Value of amount Invested 4660371 792398 407604 130768Scheme Returns (CAGR) 12.45 11.08 8.24 17.13Nifty 50 returns# (CAGR) 12.87 11.15 8.38 17.97S&P BSE SENSEX returns## (CAGR) 12.81 10.19 7.02 16.72Date of First Installment: October 01, 2002, & Scheme Inception Date: September 18, 2002. Past Performance may or may not be sustained in future.


Inception - Sept 18, 2002 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Index Fund 18.00 11.53 12.13 16.30Value of Std Investment of ` 10,000 11794 13871 17723 90962Benchmark - Nifty 50 18.58 11.60 12.14 16.52Value of Std Investment of ` 10,000 11853 13894 17728 93517Additional Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 16.76Value of Std Investment of ` 10,000 11684 13346 17275 96390

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Ajay Garg since October 01, 2006 (10.6) years.• The scheme is in existence for more than 5 years.•

A diversifi ed equity fund that invests across sectors in line with S&P BSE 200 Index, with a bias for large caps but not exclusively focused on them.

An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversifi ed across various industries and or sectors as its chosen benchmark index, S&P BSE 200.

Fund Manager: Mr. Mahesh PatilManaging Fund Since: November 17, 2005Total Experience: 24 yearsDate of Allotment: August 30, 2002Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 197.47Dividend: 26.99Direct Plan$ Growth: 205.25Dividend: 45.79Benchmark: S&P BSE 200Monthly Average AUM: ` 16585.96 CroresAUM as on last day: ` 16961.75 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment **Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 14.36%Sharpe Ratio##: 0.90Beta: 1.01Portfolio Turnover: 0.67Expense Ratio:Regular 2.06Direct 0.96

2.64%2.84%

3.63%

6.88%

7.27%

7.96%

8.47%

8.89%

10.36%

19.99%

Cement

Power


Pharmaceuticals

Software

Petroleum Products

Auto


Finance

Banks

Birla Sun Life Frontline Equity FundAn Open-ended Growth Scheme




ITC Limited 3.82%



Maruti Suzuki India Limited 2.83%

Indian Oil Corporation Limited 2.57%

Tata Motors Limited 2.55%


IndusInd Bank Limited 2.42%





Declared on date 25-Oct-16 30-Oct-15 24-Apr-15Dividend Yield (Regular Plan) 9.89% 12.57% 5.94%Dividend (`) Per Unit 2.77 3.50 1.75Cum Dividend NAV 28.00 27.84 29.44


38

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1750000 600000 360000 120000Market Value of amount Invested 8173625 932091 441202 133487Scheme Returns (CAGR) 19.12 17.67 13.68 21.59S&P BSE 200 returns# (CAGR) 13.76 13.45 10.96 21.24Nifty 50 returns## (CAGR) 12.86 11.15 8.38 17.97Date of First Installment: September 01, 2002 & Scheme Inception Date: August 30, 2002. Past Performance may or may not be sustained in future.


Inception - Aug 30, 2002 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Frontline Equity Fund 24.38 19.13 18.97 22.55Value of Std Investment of ` 10,000 12430 16899 23817 197470Benchmark - S&P BSE 200 22.99 14.97 13.83 17.62Value of Std Investment of ` 10,000 12292 15189 19108 108101Additional Benchmark - Nifty 50 18.58 11.60 12.14 16.34Value of Std Investment of ` 10,000 11853 13894 17728 92065

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Mahesh Patil is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Mahesh Patil Cunha since • November 17, 2005 (11.5) years.The scheme is in existence for more than 5 years.•

A large cap focused fund that invests in equity and equity related securities of top 100 companies in India as measured by market capitalization.

An Open-ended growth scheme with the objective to provide medium to long term capital appreciation, by investing predominantly in a diversifi ed portfolio of equity and equity related securities of top 100 companies as measured by market capitalization.

Fund Manager: Mr. Mahesh PatilManaging Fund Since: July 29, 2010Total Experience: 24 yearsDate of Allotment: October 24, 2005Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 52.2371Dividend: 18.0529Direct Plan$ Growth: 54.3315Dividend: 30.9507Benchmark: Nifty 50Monthly Average AUM: ` 2719.84 CroresAUM as on last day: ` 2803.33 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 14.74%Sharpe Ratio##: 0.89Beta: 1.03Portfolio Turnover: 0.90Expense Ratio:Regular 2.22Direct 1.05

Birla Sun Life Top 100 FundAn Open-ended Growth Scheme





ITC Limited 3.49%


Grasim Industries Limited 3.06%


Tata Motors Limited 2.89%

Vedanta Limited 2.77%





3.46%4.90%

5.18%

6.16%

6.49%

6.81%

7.51%

7.54%

8.17%

19.65%

Power

Cement



Finance

Software

Auto

Pharmaceuticals

Petroleum Products

Banks


Declared on date 22-Jul-16 24-Jul-15 22-Jan-15Dividend Yield (Regular Plan) 8.13% 12.10% 4.31%Dividend (`) Per Unit 1.41 2.30 0.85Cum Dividend NAV 17.34 19.01 19.73




SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1380000 600000 360000 120000Market Value of amount Invested 3344158 939390 441160 134214Scheme Returns (CAGR) 14.53 17.99 13.67 22.79Nifty 50 returns# (CAGR) 9.87 11.15 8.38 17.97S&P BSE SENSEX returns## (CAGR) 9.34 10.19 7.02 16.72Date of First Installment: November 01, 2005 & Scheme Inception Date: October 24, 2005. Past Performance may or may not be sustained in future.


Inception - Oct 24, 2005 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Top 100 Fund 24.84 19.35 18.85 15.43Value of Std Investment of ` 10,000 12476 16991 23705 52237Benchmark - Nifty 50 18.58 11.60 12.14 12.51Value of Std Investment of ` 10,000 11853 13894 17728 38850Additional Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 12.23Value of Std Investment of ` 10,000 11684 13346 17275 37772

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Mahesh Patil is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Mahesh Patil since July 29, 2010 (6.8) years.• The scheme is in existence for more than 5 years.•

A Diversifi ed Equity Fund that looks for opportunities without any sectoral or market cap bias with the aim to give you long term growth of capital.

An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 10% debt and money market securities.

Fund Manager: Mr. Anil ShahManaging Fund Since: October 03, 2012Total Experience: 26 yearsDate of Allotment: August 27, 1998Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 640.94Dividend: 103.65Direct Plan$ Growth: 664.61Dividend: 128.47Benchmark: S&P BSE 200Monthly Average AUM: ` 5027.76 CroresAUM as on last day: ` 5286.75 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 16.89%Sharpe Ratio##: 1.11Beta: 1.13Portfolio Turnover: 0.81Expense Ratio:Regular 2.17Direct 1.20

Birla Sun Life Equity FundAn Open-ended Growth Scheme





Tata Chemicals Limited 3.36%



Hindustan Unilever Limited 2.67%


Tata Communications Limited 2.59%

Dr. Reddy's Laboratories Limited 2.52%


1.63%1.63%

2.17%

3.37%

4.74%

5.16%

5.49%

6.30%

13.02%

15.95%

Healthcare Services

Oil

Cement


Pharmaceuticals

Auto

Petroleum Products


Banks

Finance


Declared on date 30-Nov-16 30-Nov-15 17-Mar-15Dividend Yield (Regular Plan) 7.81% 10.74% 3.76%Dividend (`) Per Unit 7.70 10.00 3.80Cum Dividend NAV 98.57 93.15 101.16Dividend Yield (Direct Plan) - 8.76% 1.84%Dividend (`) Per Unit - 9.00 2.00Cum Dividend NAV - 102.77 108.75




40

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2240000 600000 360000 120000Market Value of amount Invested 23376278 1061988 477574 138240Scheme Returns (CAGR) 21.66 23.05 19.26 29.49S&P BSE 200 returns# (CAGR) 14.39 13.45 10.96 21.24Nifty 50 returns## (CAGR) 13.11 11.15 8.38 17.97Date of First Installment: September 01, 1998 & Scheme Inception Date: August 27, 1998. Past Performance may or may not be sustained in future.


Inception - Aug 27,1998 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Equity Fund 33.47 24.93 22.29 24.94Value of Std Investment of ` 10,000 13336 19486 27331 640940Benchmark - S&P BSE 200 22.99 14.97 13.83 14.78Value of Std Investment of ` 10,000 12292 15189 19108 131454Additional Benchmark - Nifty 50 18.58 11.60 12.14 13.47Value of Std Investment of ` 10,000 11853 13894 17728 106035

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Anil Shah is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Anil Shah since October 03, 2012 (4.6) years.• The scheme is in existence for more than 5 years.•

A Diversifi ed Equity Fund that aims to achieve long-term growth of capital, at relatively moderate levels of risk through a research-based investment approach.

An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through a diversifi ed research based investment approach.

Fund Manager: Mr. Satyabrata MohantyManaging Fund Since: October 17, 2011Total Experience: 16 yearsDate of Allotment: February 24, 1995Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 384.85Dividend: 104.57Direct Plan$ Growth: 396.73Dividend: 130.44Benchmark: S&P BSE 200Monthly Average AUM: ` 3248.10 CroresAUM as on last day: ` 3405.59 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption / switchout of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switchout of units after 365 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 17.65%Sharpe Ratio##: 1.16Beta: 1.13Portfolio Turnover: 0.69Expense Ratio:Regular 2.26Direct 1.04

Birla Sun Life Advantage FundAn Open-ended Growth Scheme














2.84%3.33%

6.08%

6.28%

6.57%

7.14%

7.83%

12.35%

12.85%

21.06%

Pesticides


Pharmaceuticals



Cement

Petroleum Products

Auto

Finance

Banks

Declared on date 26-Aug-16 31-Aug-15 05-Sep-14Dividend Yield (Regular Plan) 7.44% 18.75% 14.34%Dividend (`) Per Unit 7.47 20.00 15.00Cum Dividend NAV 100.38 106.68 104.59Declared on date 31-Aug-15 05-Sep-14 23-May-14Dividend Yield (Direct Plan) 9.25% 14.25% 0.00%Dividend (`) Per Unit 10.00 15.00 0.00Cum Dividend NAV 108.05 105.26 101.77






SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2660000 600000 360000 120000Market Value of amount Invested 32109590 1059115 471510 135386Scheme Returns (CAGR) 18.98 22.94 18.35 24.73S&P BSE 200 returns# (CAGR) 13.54 13.45 10.96 21.24Nifty 50 returns## (CAGR) 12.31 11.15 8.38 17.97Date of First Installment: March 01, 1995 & Scheme Inception Date: February 24, 1995. Past Performance may or may not be sustained in future.


Inception - Feb 24, 1995 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Advantage Fund 31.76 26.74 22.30 17.88Value of Std Investment of ` 10,000 13166 20346 27347 384850Benchmark - S&P BSE 200 22.99 14.97 13.83 11.27Value of Std Investment of ` 10,000 12292 15189 19108 106926Additional Benchmark - Nifty 50 18.58 11.60 12.14 10.47Value of Std Investment of ` 10,000 11853 13894 17728 91051

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Satyabrata Mohanty is 11. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Satyabrata Mohanty since October 17, 2011 (5.6) years.• The scheme is in existence for more than 5 years.•

The fund that invests in securities of multinational companies in order to achieve long-term growth of capital with relatively moderate levels of risk.

An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk by making investments in securities of multi-national companies through a research based investment approach.

Fund Manager: Mr. Ajay GargManaging Fund Since: June 18, 2009Total Experience: 22 yearsDate of Allotment: December 27, 1999Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 641.52Dividend: 160.14Direct Plan$ Growth: 666.69Dividend: 226.10Benchmark: Nifty MNCMonthly Average AUM: ` 3125.30 CroresAUM as on last day: ` 3106.90 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 16.36%Sharpe Ratio##: 1.36Beta: 0.87Portfolio Turnover: 0.06Expense Ratio:Regular 2.18Direct 1.05

Birla Sun Life MNC FundAn Open-ended Growth Scheme





ICRA Limited 6.55%



Bosch Limited 5.72%


GlaxoSmithKline Pharmaceuticals Limited 5.48%



4.35%6.10%

6.67%

6.89%

7.10%

7.32%

8.77%

11.40%

12.47%

16.77%

Industrial Products

Banks

Auto

Consumer Durables

Pesticides

Auto Ancillaries


Pharmaceuticals

Finance



Declared on date 09-Oct-15 22-Apr-15 20-Nov-14Dividend Yield (Regular Plan) 6.33% 6.02% 3.89%Dividend (`) Per Unit 10.00 10.00 5.50Cum Dividend NAV 158.07 166.22 141.24




42

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2080000 600000 360000 120000Market Value of amount Invested 17391687 1047942 445326 128038Scheme Returns (CAGR) 21.41 22.50 14.33 12.71Nifty MNC returns# (CAGR) 14.81 16.55 12.64 20.97Nifty 50 returns## (CAGR) 13.16 11.15 8.38 17.97Date of First Installment: January 01, 2000 & Scheme Inception Date: December 27, 1999 . Past Performance may or may not be sustained in future.


Inception - Dec 27, 1999 1 Year 3 Years 5 Years Since InceptionBirla Sun Life MNC Fund 12.52 28.43 22.73 18.04Value of Std Investment of ` 10,000 11249 21170 27827 177657Benchmark - Nifty MNC 24.53 21.30 16.62 N/AValue of Std Investment of ` 10,000 12446 17838 21557 N/AAdditional Benchmark - Nifty 50 18.58 11.60 12.14 11.39Value of Std Investment of ` 10,000 11853 13894 17728 64968

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Ajay Garg since June 18, 2009 (7.9) years.• The scheme is in existence for more than 5 years.•

A fund that provides an opportunity to invest in midsized companies which can be potential leaders of tomorrow.

An Open ended Growth Scheme with the objective to achieve long term growth of capital at controlled level of risk by investing primarily in ‘Mid-Cap’ Stocks. The level of risk is somewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aim is to generate higher returns than a fund focused on large and liquid stocks.

Fund Manager: Mr. Jayesh GandhiManaging Fund Since: January 01, 2015Total Experience: 15 yearsDate of Allotment: October 03, 2002Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 292.27Dividend: 37.92Direct Plan$ Growth: 302.57Dividend: 56.87Benchmark: Nifty Free Float Midcap 100Monthly Average AUM: ` 2095.24 CroresAUM as on last day: ` 2161.04 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment:1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 18.09%Sharpe Ratio##: 1.35Beta: 1.04Portfolio Turnover: 0.64Expense Ratio:Regular 2.26Direct 1.34

Birla Sun Life Midcap FundAn Open-ended Growth Scheme


KEC International Limited 2.78%

Tube Investments of India Limited 2.72%

Mahindra CIE Automotive Limited 2.69%


IRB Infrastructure Developers Limited 2.41%

Gujarat State Petronet Limited 2.37%

PNC Infratech Limited 2.33%


MRF Limited 2.20%

RBL Bank Limited 2.09%


4.28%4.40%

4.75%

4.76%

4.92%

5.38%

6.31%

6.46%

8.64%

11.30%

Cement


Construction

Consumer Durables

Auto Ancillaries

Petroleum Products

Pharmaceuticals

Industrial Products

Banks

Finance


Declared on date 31-Aug-16 28-Aug-15 24-Jul-14Dividend Yield (Regular Plan) 7.82% 10.94% 8.72%Dividend (`) Per Unit 2.80 3.75 2.50Cum Dividend NAV 35.79 34.29 28.67






SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1740000 600000 360000 120000Market Value of amount Invested 9693562 1106191 489096 138832Scheme Returns (CAGR) 21.32 24.75 20.97 30.48Nifty Free Float Midcap 100 returns# (CAGR) 17.57 21.81 20.37 34.12Nifty 50 returns## (CAGR) 12.78 11.15 8.38 17.97Date of First Installment: November 01, 2002 & Scheme Inception Date: October 03, 2002 . Past Performance may or may not be sustained in future.


Inception - Oct 03, 2002 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Midcap Fund 36.89 30.73 23.58 26.05Value of Std Investment of ` 10,000 13677 22328 28801 292270Benchmark - Nifty Free Float Midcap 100 37.19 27.25 19.35 22.86Value of Std Investment of ` 10,000 13707 20591 24209 201034Additional Benchmark - Nifty 50 18.58 11.60 12.14 16.96Value of Std Investment of ` 10,000 11853 13894 17728 98123

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Jayesh Gandhi is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Jayesh Gandhi since January 01, 2015 (2.4) years.• The scheme is in existence for more than 5 years.•

An Equity fund that aims to generate growth and capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap.

An Open ended Small and Mid Cap Equity Scheme with an objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and midcap. The Scheme may also invest a certain portion of its corpus in fi xed income securities including money market instruments, in order to meet liquidity requirements from time to time.

Fund Manager: Mr. Jayesh GandhiManaging Fund Since: December 15, 2014Total Experience: 15 yearsDate of Allotment: May 31, 2007Type of Scheme: An Open-ended Small & Mid Cap Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 37.3155Dividend: 26.3906Direct Plan$ Growth: 38.6994Dividend: 37.4933Benchmark: Nifty Free Float Midcap 100Monthly Average AUM: ` 650.34 CroresAUM as on last day: ` 720.20 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 18.70%Sharpe Ratio##: 1.49Beta: 1.05Portfolio Turnover: 0.58Expense Ratio:Regular 2.63Direct 1.64

Birla Sun Life Small & Midcap FundAn Open-ended Small & Mid Cap Equity Scheme




DCB BANK LIMITED 2.55%

Sterlite Technologies Limited 2.45%

KEC International Limited 2.44%

Akzo Nobel India Limited 2.43%

Firstsource Solutions Limited 2.40%

Chennai Petroleum Corporation Limited 2.38%

J.Kumar Infraprojects Limited 2.37%

Dewan Housing Finance Corporation Limited 2.37%


4.16%4.29%

4.46%

4.56%

5.36%

6.30%

7.03%

7.10%

7.31%

9.06%

Gas

Software

Ferrous Metals



Industrial Products

Construction

Pharmaceuticals

Banks

Finance


Declared on date 31-Aug-16 28-Aug-15 24-Jul-14Dividend Yield (Regular Plan) 7.83% 10.90% 0.00%Dividend (`) Per Unit 1.85 2.30 0.00Cum Dividend NAV 23.62 21.10 18.20




44

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1190000 600000 360000 120000Market Value of amount Invested 3422788 1213888 527941 144313Scheme Returns (CAGR) 20.24 28.65 26.55 39.80Nifty Free Float Midcap 100 returns# (CAGR) 15.49 21.81 20.37 34.12Nifty 50 returns## (CAGR) 9.73 11.15 8.38 17.97Date of First Installment: June 01, 2007 & Scheme Inception Date: May 31, 2007 . Past Performance may or may not be sustained in future.


Inception - May 31, 2007 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Small & Midcap Fund 48.27 34.14 26.18 14.20Value of Std Investment of ` 10,000 14811 24116 31960 37316Benchmark - Nifty Free Float Midcap 100 37.19 27.25 19.35 12.46Value of Std Investment of ` 10,000 13707 20591 24209 32045Additional Benchmark - Nifty 50 18.58 11.60 12.14 8.10Value of Std Investment of ` 10,000 11853 13894 17728 21658

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Jayesh Gandhi is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Jayesh Gandhi since December 15, 2014 (2.4) years.• The scheme is in existence for more than 5 years.•

An Open ended Diversifi ed Equity fund that follows value investing strategy to generate consistent long-term capital appreciation.

An Open ended Diversifi ed Equity Scheme with the objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy.

Fund Manager: Mr. Mahesh Patil & Mr. Milind BafnaManaging Fund Since: January 16, 2014Total Experience: 24 years & 15 yearsDate of Allotment: March 27, 2008Type of Scheme: An Open-ended Diversifi ed Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 54.3595Dividend: 32.3919Direct Plan$ Growth: 56.3092Dividend: 49.2847Benchmark: S&P BSE 200Monthly Average AUM: ` 1135.12 CroresAUM as on last day: ` 1215.34 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 22.72%Sharpe Ratio##: 1.08Beta: 1.38Portfolio Turnover: 2.42Expense Ratio:Regular 2.50Direct 1.46

Birla Sun Life Pure Value FundAn Open-ended Diversified Equity Scheme


Sintex Industries Limited 6.17%

UPL Limited 5.61%

Punjab National Bank 4.89%


Indraprastha Gas Limited 4.35%

Canara Bank 4.32%

Reliance Capital Limited 4.27%

L&T Finance Holdings Limited 3.50%


Gujarat Narmada Valley Fertilizers and Chemicals Limited 3.09%


5.03%5.16%

5.61%

6.28%

6.71%

6.89%

7.05%

11.30%

12.66%

14.56%

Consumer Durables

Cement

Pesticides

Pharmaceuticals

Gas

Industrial Products

Chemicals

Finance

Petroleum Products

Banks


Declared on date 22-Jul-16 24-Jul-15 31-Jul-14Dividend Yield (Regular Plan) 7.87% 10.43% 10.69%Dividend (`) Per Unit 2.20 3.00 2.80Cum Dividend NAV 27.94 28.75 26.19






SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1090000 600000 360000 120000Market Value of amount Invested 3290288 1218820 493273 140478Scheme Returns (CAGR) 23.28 28.82 21.59 33.26S&P BSE 200 returns# (CAGR) 11.72 13.45 10.96 21.24Nifty 50 returns## (CAGR) 10.40 11.15 8.38 17.97Date of First Installment: April 01, 2008 & Scheme Inception Date: March 27, 2008. Past Performance may or may not be sustained in future.This scheme isjointly managed with Mr. Milind Bafna.


Inception - Mar 27, 2008 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Pure Value Fund 39.77 30.81 27.99 20.46Value of Std Investment of ` 10,000 13964 22366 34322 54360Benchmark - S&P BSE 200 22.99 14.97 13.83 8.42Value of Std Investment of ` 10,000 12292 15189 19108 20851Additional Benchmark - Nifty 50 18.58 11.60 12.14 7.48Value of Std Investment of ` 10,000 11853 13894 17728 19262

Past performance may or may not be sustained in future. • The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Mahesh Patil & Mr. Milind Bafna since January 16, 2014 (3.3) years.• The scheme is in existence for more than 5 years.•

India’s fi rst Manufacturing Oriented Fund, it is a thematic strategy geared to benefi t from Indian economy’s next big leap – Resurgence of the Indian manufacturing sector.

The primary investment objective of the Schemes is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in Manufacturing activity. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Fund Manager: Mr. Anil ShahManaging Fund Since: Since InceptionTotal Experience: 26 yearsDate of Allotment: January 31, 2015Type of Scheme: An Open ended Manufacturing Sector SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 12.85Dividend: 11.83Direct Plan$ Growth: 13.14Dividend: 12.12Benchmark: S&P BSE 500Monthly Average AUM: ` 792.99 CroresAUM as on last day: ` 798.10 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Portfolio Turnover: 0.45Expense Ratio:Regular 2.41Direct 1.33

Birla Sun Life Manufacturing Equity FundAn Open ended Manufacturing Sector Scheme



Tata Chemicals Limited 6.52%


ITC Limited 3.83%

MRF Limited 3.83%

Hindustan Zinc Limited 3.50%

Bharat Electronics Limited 3.44%


Grasim Industries Limited 3.26%

Century Textiles & Industries Limited 3.19%


3.15%3.91%

6.40%

7.09%

7.15%

8.59%

9.78%

11.01%

14.98%

18.64%

Consumer Durables


Industrial Products

Chemicals

Auto Ancillaries


Pharmaceuticals

Cement

Auto




46

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 1 yearTotal Amount Invested (`) 260000 120000Market Value of amount Invested 315971 138209Scheme Returns (CAGR) 18.41 29.44S&P BSE 500 returns# (CAGR) 13.03 22.80Nifty 50 returns## (CAGR) 9.65 17.97Date of First Installment: February 01, 2015 & Scheme Inception Date: January 31, 2015 . Past Performance may or may not be sustained in future.


Inception - Jan 31, 2015 1 Year Since InceptionBirla Sun Life Manufacturing Equity Fund 32.71 11.84Value of Std Investment of ` 10,000 13261 12850Benchmark - S&P BSE 500 24.80 6.18Value of Std Investment of ` 10,000 12473 11439Additional Benchmark - Nifty 50 18.58 2.47Value of Std Investment of ` 10,000 11853 10562

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Anil Shah is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Anil Shah since (Since Inception) (2.3) years.• The scheme is in existence for more than 1 year but less than 3 years.•

Declared on date 29-Mar-17Dividend Yield (Regular Plan) 7.96%Dividend (`) Per Unit 0.99Cum Dividend NAV 12.43Dividend Yield (Direct Plan) 7.94%Dividend (`) Per Unit 1.01Cum Dividend NAV 12.72


A fund that aims to generate growth and capital appreciation by building a portfolio that predominantly invest in the Banking and Financial Services related companies in India.

The primary investment objective of the Scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and fi nancial services. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Fund Manager: Mr. Satyabrata Mohanty & Mr. Dhaval GalaManaging Fund Since: Since Inception & August 26, 2015Total Experience: 16 years & 9 yearsDate of Allotment: December 14, 2013Type of Scheme: An Open ended Banking & Financial Services Sector SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 24.69Dividend: 17.34Direct Plan$ Growth: 25.43Dividend: 21.53Benchmark: Nifty Financial ServicesMonthly Average AUM: ` 1077.97 CroresAUM as on last day: ` 1100.03 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 daysfrom the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 21.68%Sharpe Ratio##: 1.07Beta: 1.08Portfolio Turnover: 0.30Expense Ratio:Regular 2.53Direct 1.23

Birla Sun Life Banking and Financial Services FundAn Open ended Banking & Financial Services Sector Scheme






Bajaj Finance Limited 5.81%

Cholamandalam Investment and Finance Company Limited 5.55%


Bank of Baroda 4.49%

DCB BANK LIMITED 4.42%

L&T Finance Holdings Limited 4.31%


2.32%

0.28%

42.06%

55.35%



Finance

Banks

Declared on date 27-Mar-17 29-Dec-15Dividend Yield (Regular Plan) 9.95% 7.93%Dividend (`) Per Unit 1.79 1.10Cum Dividend NAV 17.99 13.87







SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 3 years last 1 yearTotal Amount Invested (`) 400000 360000 120000Market Value of amount Invested 609872 512642 141562Scheme Returns (CAGR) 26.23 24.38 35.10Nifty Financial Services returns# (CAGR) 16.34 14.54 30.32Nifty 50 returns## (CAGR) 9.40 8.38 17.97Date of First Installment: January 01, 2014 & Scheme Inception Date: December 14, 2013. Past Performance may or may not be sustained in future


Inception - Dec 14, 2013 1 Year 3 Years Since InceptionBirla Sun Life Banking and Financial Services Fund 44.79 29.41 30.73Value of Std Investment of ` 10,000 14464 21658 24690Benchmark - Nifty Financial Services 34.93 19.55 21.33Value of Std Investment of ` 10,000 13482 17080 19194Additional Benchmark - Nifty 50 18.58 11.60 12.96Value of Std Investment of ` 10,000 11853 13894 15083

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Satyabrata Mohanty is 11. Total Scheme managed by Mr. Dhaval Gala is 1. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Satyabrata Mohanty & Mr. Dhaval Gala since (Since Inception) & August 26, 2015 (3.4) years • & (1.7) years.The scheme is in existence for more than 3 years but less than 5 years.•

A fund that invests in high dividend paying companies across market cap which typically have steady cash fl ow generation.

An Open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversifi ed portfolio of dividend paying companies that have a relatively high dividend yield.

Fund Manager: Mr. Satyabrata Mohanty & Mr. Vineet MalooManaging Fund Since: July 16, 2015 & January 16, 2014Total Experience: 16 years & 11 yearsDate of Allotment: February 26, 2003Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 167.83Dividend: 17.10Direct Plan$ Growth: 173.54Dividend: 24.96Benchmark: Nifty 500Monthly Average AUM: ` 1091.29 CroresAUM as on last day: ` 1107.61 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 daysfrom the date of allotment: Nil. (w.e.f October 10, 2016)**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 15.79%Sharpe Ratio##: 0.80Beta: 1.04Portfolio Turnover: 0.69Expense Ratio:Regular 2.28Direct 1.47

Birla Sun Life Dividend Yield PlusAn Open-ended Growth Scheme





Orient Cement Limited 3.16%

Sanofi India Limited 3.03%

Kaveri Seed Company Limited 2.91%

Bharat Petroleum Corporation Limited 2.86%



Dhanuka Agritech Limited 2.78%



4.54%5.29%

5.57%

6.05%

6.53%

7.60%

7.94%

7.98%

9.90%

13.52%

Textile Products


Cement

Software

Finance

Pharmaceuticals


Industrial Products

Petroleum Products

Banks

Declared on date 17-Mar-17 30-Dec-16 26-Sep-16Dividend Yield (Regular Plan) 1.95% 1.50% 1.59%Dividend (`) Per Unit 0.32 0.22 0.25Cum Dividend NAV 16.38 14.63 15.73




48

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1700000 600000 360000 120000Market Value of amount Invested 6112579 885549 435594 137477Scheme Returns (CAGR) 16.54 15.58 12.79 28.21Nifty 500 returns# (CAGR) 13.30 14.29 11.81 22.85Nifty 50 returns## (CAGR) 12.40 11.15 8.38 17.97Date of First Installment: March 01, 2003 & Scheme Inception Date: February 26, 2003 . Past Performance may or may not be sustained in future.This schemeis jointly managed with Mr. Vineet Maloo.


Inception - Feb 26, 2003 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Dividend Yield Plus 29.98 18.80 14.62 22.01Value of Std Investment of ` 10,000 12989 16760 19775 167830Benchmark - Nifty 500 24.75 16.07 14.48 18.36Value of Std Investment of ` 10,000 12468 15629 19659 109102Additional Benchmark - Nifty 50 18.58 11.60 12.14 16.64Value of Std Investment of ` 10,000 11853 13894 17728 88640

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Satyabrata Mohanty is 11. Total Schemes managed by Mr. Vineet Maloo is 13. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Satyabrata Mohanty & Mr. Vineet Maloo since July 16, 2015 & January 16, 2014 (1.8) years • & (3.3) years.The scheme is in existence for more than 5 years.•

A Fund that endeavors to generate long term growth by identifying stocks that may have the potential for special situation like buy backs, open offers, demerger, etc. and a contrarian investment style.

An Open-ended diversifi ed equity scheme with an objective of the scheme is to generate long-term growth of capital by investing in a portfolio of equity and equity related securities. The Scheme would follow an investment strategy that would take advantage of Special Situations & Contrarian investment style.

Fund Manager: Mr. Satyabrata MohantyManaging Fund Since: October 05, 2016Total Experience: 16 yearsDate of Allotment: January 31, 2008Type of Scheme: An Open-ended Diversifi ed Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 22.0808Dividend: 17.0340Direct Plan$ Growth: 22.6749Dividend: 22.6586Benchmark: S&P BSE 200Monthly Average AUM: ` 157.38 CroresAUM as on last day: ` 158.96 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 19.40%Sharpe Ratio##: 1.00Beta: 1.25Portfolio Turnover: 0.83Expense Ratio:Regular 2.64Direct 2.00

Birla Sun Life Special Situations FundAn Open-ended Diversified Equity Scheme





ITC Limited 4.51%

UPL Limited 3.93%


Hindalco Industries Limited 2.92%



HCL Technologies Limited 2.41%


3.48%3.93%

4.05%

5.40%

6.31%

7.12%

7.81%

8.55%

9.90%

22.53%

Chemicals

Pesticides

Pharmaceuticals


Auto

Petroleum Products

Finance


Software

Banks


Declared on date 26-Sep-16 29-Sep-15 28-Aug-14Dividend Yield (Regular Plan) 7.87% 8.17% 8.92%Dividend (`) Per Unit 1.37 1.30 1.30Cum Dividend NAV 17.41 15.91 14.57






SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1110000 600000 360000 120000Market Value of amount Invested 2357936 1027243 465818 135535Scheme Returns (CAGR) 15.67 21.67 17.49 24.98S&P BSE 200 returns# (CAGR) 11.49 13.45 10.96 21.24Nifty 50 returns## (CAGR) 10.23 11.15 8.38 17.97Date of First Installment: February 01, 2008 & Scheme Inception Date: January 31, 2008. Past Performance may or may not be sustained in future.


Inception - Jan 31, 2008 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Special Situations Fund 31.48 25.69 20.75 8.94Value of Std Investment of ` 10,000 13138 19845 25657 22081Benchmark - S&P BSE 200 22.99 14.97 13.83 6.76Value of Std Investment of ` 10,000 12292 15189 19108 18306Additional Benchmark - Nifty 50 18.58 11.60 12.14 6.32Value of Std Investment of ` 10,000 11853 13894 17728 17619

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Satyabrata Mohanty is 11. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Satyabrata Mohanty since October 05, 2016 (0.6) years.• The scheme is in existence for more than 5 years.•

An Equity fund that aims to generate growth and capital appreciation by building a portfolio of companies that are expected to benefi t from the economic reforms, PSU divestment and increased government spending.

An Open ended Equity Scheme with an investment objective is to generate growth and capital appreciation by building a portfolio of companies that are expected to benefi t from the economic reforms, PSU divestment and increased government spending.

Fund Manager: Mr. Satyabrata MohantyManaging Fund Since: July 16, 2015Total Experience: 16 yearsDate of Allotment: June 25, 2010Type of Scheme: An Open-ended Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 18.10Dividend: 14.24Direct Plan$ Growth: 18.59Dividend: 18.61Benchmark: Nifty 500Monthly Average AUM: ` 121.54 CroresAUM as on last day: ` 119.10 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 18.03% Sharpe Ratio##: 0.92Beta: 1.14Portfolio Turnover: 0.32Expense Ratio:Regular 2.65Direct 1.61

Birla Sun Life India Reforms FundAn Open-ended Equity Scheme





Voltas Limited 6.90%


Bajaj Finserv Limited 6.72%



Capital First Limited 4.63%



2.31%2.33%

2.38%

2.43%

2.84%

5.14%

9.22%

17.49%

20.50%

28.37%

Gas

Pharmaceuticals

Industrial Products

Transportation

Petroleum Products



Auto

Finance

Banks


Declared on date 26-Dec-16 30-Nov-15 08-Aug-14Dividend Yield (Regular Plan) 6.24% 10.16% 6.72%Dividend (`) Per Unit 0.73 1.30 0.80Cum Dividend NAV 11.69 12.80 11.90




50

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 820000 600000 360000 120000Market Value of amount Invested 1358042 959633 463894 140164Scheme Returns (CAGR) 14.53 18.87 17.20 32.73Nifty 500 returns# (CAGR) 12.37 14.29 11.81 22.85Nifty 50 returns## (CAGR) 10.14 11.15 8.38 17.97Date of First Installment: July 01, 2010 & Scheme Inception Date: June 25, 2010 . Past Performance may or may not be sustained in future.


Inception - June 25, 2010 1 Year 3 Years 5 Years Since InceptionBirla Sun Life India Reforms Fund 33.78 22.84 15.92 9.05Value of Std Investment of ` 10,000 13368 18526 20925 18100Benchmark - Nifty 500 24.75 16.07 14.48 9.67Value of Std Investment of ` 10,000 12468 15629 19659 18815Additional Benchmark - Nifty 50 18.58 11.60 12.14 8.66Value of Std Investment of ` 10,000 11853 13894 17728 17658

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Satyabrata Mohanty is 11. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Satyabrata Mohanty since July 16, 2015 (1.8) years.• The scheme is in existence for more than 5 years.•

A fund that seeks to participate in growth and development of infrastructure in India by investing in equity and equity related securities of companies in the infra sector.

An Open-ended growth scheme with the objective to providing for medium to long-term capital appreciation by investing predominantly in a diversifi ed portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India.

Fund Manager: Mr. Mahesh Patil & Mr. Vineet MalooManaging Fund Since: July 16, 2015 Total Experience: 24 years & 11 yearsDate of Allotment: March 17, 2006Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 33.31Dividend: 16.46Direct Plan$ Growth: 34.31Dividend: 23.54Benchmark: Nifty 50Monthly Average AUM: ` 553.89 CroresAUM as on last day: ` 570.82 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 20.32%Sharpe Ratio##: 0.87Beta: 1.30Portfolio Turnover: 0.80Expense Ratio:Regular 2.52Direct 1.87

Birla Sun Life Infrastructure FundAn Open-ended Growth Scheme





Sintex Industries Limited 3.35%

Orient Cement Limited 2.81%

Indraprastha Gas Limited 2.72%

VA Tech Wabag Limited 2.71%

Ashoka Buildcon Limited 2.69%


WABCO India Limited 2.69%


5.42%5.47%

5.51%

7.43%

7.73%

7.77%

8.07%

8.32%

11.53%

12.52%

Gas


Petroleum Products

Banks


Construction

Cement

Finance


Industrial Products


Declared on date 15-Mar-17 11-Jun-15 27-Jun-14Dividend Yield (Regular Plan) 9.84% 10.48% 0.00%Dividend (`) Per Unit 1.61 1.60 0.00Cum Dividend NAV 16.37 15.27 15.48






SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1330000 600000 360000 120000Market Value of amount Invested 2747417 985343 455964 140898Scheme Returns (CAGR) 12.47 19.95 15.98 33.97Nifty 50 returns# (CAGR) 9.66 11.15 8.38 17.97S&P BSE SENSEX returns## (CAGR) 9.10 10.19 7.02 16.72Date of First Installment: April 01, 2006 & Scheme Inception Date: March 17, 2006. Past Performance may or may not be sustained in future.


Inception - Mar 17, 2006 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Infrastructure Fund 38.74 23.95 18.64 11.42Value of Std Investment of ` 10,000 13862 19034 23491 33310Benchmark - Nifty 50 18.58 11.60 12.14 9.97Value of Std Investment of ` 10,000 11853 13894 17728 28769Additional Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 9.54Value of Std Investment of ` 10,000 11684 13346 17275 27549

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemes managed by Mr. Vineet Maloo is 13. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Mahesh Patil & Mr. Vineet Maloo since July 16, 2015 (1.8) years.• The scheme is in existence for more than 5 years.•

A thematic fund that invests in companies related to the IT sector like hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies.

A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of dividend.

Fund Manager: Mr. Kunal SangoiManaging Fund Since: January 16, 2014Total Experience: 8 yearsDate of Allotment: January 15, 2000Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 34.54Dividend: 16.39Direct Plan$ Growth: 35.59Dividend: 18.25Benchmark: S&P BSE TeckMonthly Average AUM: ` 64.04 CroresAUM as on last day: ` 64.55 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switched out within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 17.41%Sharpe Ratio##: 0.18Beta: 1.08Portfolio Turnover: 0.69Expense Ratio:Regular 2.72Direct 1.94

Birla Sun Life New Millennium FundAn Open-ended Growth Scheme



Tech Mahindra Limited 9.04%

HCL Technologies Limited 8.83%

NIIT Technologies Limited 8.81%

Cyient Limited 6.36%

INOX Leisure Limited 6.03%

Hexaware Technologies Limited 6.01%

Tata Consultancy Services Limited 5.70%

Sonata Software Limited 5.22%

MindTree Limited 3.76%


-0.23%

2.11%

1.83%

2.85%

6.89%

86.55%



Telecom - Services

Industrial Products


Software


Declared on date 29-Jul-16 31-Jul-15 11-Sep-14Dividend Yield (Regular Plan) 7.00% 10.02% 8.04%Dividend (`) Per Unit 1.27 2.00 1.60Cum Dividend NAV 18.14 19.96 19.90




52

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2070000 600000 360000 120000Market Value of amount Invested 6902172 799853 380474 120651Scheme Returns (CAGR) 12.67 11.45 3.63 1.01S&P BSE Teck returns# (CAGR) NA 7.27 -0.19 0.41Nifty 50 returns## (CAGR) 13.17 11.15 8.38 17.97Date of First Installment: February 01, 2000 & Scheme Inception Date: January 15, 2000. Past Performance may or may not be sustained in future.


Inception - Jan 15, 2000 1 Year 3 Years 5 Years Since InceptionBirla Sun Life New Millennium Fund -4.73 9.33 14.16 7.43Value of Std Investment of ` 10,000 9528 13064 19383 34540Benchmark - S&P BSE Teck -11.00 3.76 10.39 N/AValue of Std Investment of ` 10,000 8903 11169 16386 N/AAdditional Benchmark - Nifty 50 18.58 11.60 12.14 10.62Value of Std Investment of ` 10,000 11853 13894 17728 57335

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Kunal Sangoi is 2. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Kunal Sangoi since January 16, 2014 (3.3) years.• The scheme is in existence for more than 5 years.•

A Fund that strives to benefi t from the rising consumption pattern in India, fuelled by high disposable incomes of the young generation (Generation Next).

An Open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies that are expected to benefi t from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice.

Birla Sun Life India GenNext FundAn Open-ended Growth Scheme

Fund Manager: Mr. Anil Shah & Mr. Chanchal KhandelwalManaging Fund Since: September 23, 2013 & August 26, 2015Total Experience: 26 years & 10 yearsDate of Allotment: August 05, 2005Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 69.91Dividend: 25.19Direct Plan$ Growth: 72.79Dividend: 28.44Benchmark: Nifty 50Monthly Average AUM: ` 554.68 CroresAUM as on last day: ` 567.07 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 14.68%Sharpe Ratio##: 1.35Beta: 0.95Portfolio Turnover: 0.30Expense Ratio:Regular 2.56Direct 1.42




ITC Limited 3.92%




Century Textiles & Industries Limited 2.99%



Asian Paints Limited 2.47%


2.39%3.34%

4.58%

4.73%

6.31%

7.04%

9.91%

14.15%

16.62%

19.44%

Healthcare Services


Pharmaceuticals

Petroleum Products

Consumer Durables

Cement

Auto

Finance

Banks



Declared on date 27-May-16 18-Jun-15 27-Jun-14Dividend Yield (Regular Plan) 8.26% 11.10% 0.00%Dividend (`) Per Unit 1.80 2.60 0.00Cum Dividend NAV 21.80 23.42 19.57Dividend Yield (Direct Plan) 8.22% 10.14% 0.00%Dividend (`) Per Unit 2.00 2.60 0.00Cum Dividend NAV 24.33 25.63 21.07






SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1400000 600000 360000 120000Market Value of amount Invested 4271174 1027667 477650 136346Scheme Returns (CAGR) 17.88 21.69 19.28 26.32Nifty 50 returns# (CAGR) 9.96 11.15 8.38 17.97S&P BSE SENSEX returns## (CAGR) 9.44 10.19 7.02 16.72Date of First Installment: September 01, 2005 & Scheme Inception Date: August 05, 2005. Past Performance may or may not be sustained in future.


Inception - Aug 05, 2005 1 Year 3 Years 5 Years Since InceptionBirla Sun Life India GenNext Fund 30.50 26.05 22.22 18.02Value of Std Investment of ` 10,000 13040 20014 27255 69910Benchmark - Nifty 50 18.58 11.60 12.14 12.39Value of Std Investment of ` 10,000 11853 13894 17728 39404Additional Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 12.19Value of Std Investment of ` 10,000 11684 13346 17275 38584

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 1.Total Schemes managed by Anil Shah is 6 Total Schemes managed by Mr. Chanchal Khandelwal is 2. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Anil Shah & Mr. Chanchal Khandelwal since September 23, 2013 & August 26, 2015 (3.6) years • & (1.7) years Respectively.The scheme is in existence for more than 5 years.•

A fund that allows investors to participate in India’s global outsourcing theme by identifying companies that seek to utilize India’s low cost and high quality resources to service the needs of global customers.

An Open ended Growth Scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following: 1. Leverage India’s intellectual capital for providing services, research and creative inputs. 2. Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services. 3. Leverage India’s lower labour costs for providing services and manufactured goods 4. Leverage India’s large population of English speaking people for providing services.

Birla Sun Life India Opportunities FundAn Open-ended Growth Scheme

Fund Manager: Mr. Kunal SangoiManaging Fund Since: July 16, 2015Total Experience: 8 yearsDate of Allotment: December 27, 1999Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 125.10Dividend: 28.22Direct Plan$ Growth: 128.42Dividend: 38.66Benchmark: Nifty 500Monthly Average AUM: ` 124.69 CroresAUM as on last day: ` 121.66 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption / switchoutof units within 365 days from the date of allotment: 1.00% ofapplicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 13.76%Sharpe Ratio##: 1.01Beta: 0.75Portfolio Turnover: 0.70Expense Ratio:Regular 2.70Direct 2.02



Sanofi India Limited 6.20%

NIIT Technologies Limited 5.85%

Hexaware Technologies Limited 5.70%

Sun Pharmaceutical Industries Limited 5.01%

WABCO India Limited 4.92%

Tech Mahindra Limited 4.28%


Sonata Software Limited 4.18%



2.51%2.75%

3.64%

4.24%

4.92%

7.07%

7.92%

12.32%

17.11%

34.61%

Finance

Textile Products

Pesticides

Petroleum Products

Auto Ancillaries



Industrial Products

Pharmaceuticals

Software


Declared on date 28-Apr-17 30-Nov-15 13-Nov-14Dividend Yield (Regular Plan) 7.94% 10.38% 9.81%Dividend (`) Per Unit 2.24 3.00 2.76Cum Dividend NAV 28.22 28.90 28.13Dividend Yield (Direct Plan) 7.94%Dividend (`) Per Unit 3.07Cum Dividend NAV 38.66




54

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 2080000 600000 360000 120000Market Value of amount Invested 9253799 993948 429651 128922Scheme Returns (CAGR) 15.40 20.31 11.84 14.14Nifty 500 returns# (CAGR) 14.42 14.29 11.81 22.85Nifty 50 returns## (CAGR) 13.16 11.15 8.38 17.97Date of First Installment: January 01, 2000 & Scheme Inception Date: December 27, 1999. Past Performance may or may not be sustained in future.


Inception - Dec 27, 1999 1 Year 3 Years 5 Years Since InceptionBirla Sun Life India Opportunities Fund 9.37 20.13 20.33 10.06Value of Std Investment of ` 10,000 10934 17327 25217 52785Benchmark - Nifty 500 24.75 16.07 14.48 11.99Value of Std Investment of ` 10,000 12468 15629 19659 71279Additional Benchmark - Nifty 50 18.58 11.60 12.14 11.39Value of Std Investment of ` 10,000 11853 13894 17728 64968

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Kunal Sangoi is 2. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Kunal Sangoi since July 16, 2015 (1.8) years.• The scheme is in existence for more than 5 years.•

A fund that provides an opportunity to grow your money by investing in world class companies across the globe.

An Open-ended diversifi ed equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversifi ed portfolio of equity and equity related securities in the international markets

Fund Manager: Mr. Vineet MalooManaging Fund Since: Since InceptionTotal Experience: 11 yearsDate of Allotment: October 31, 2007Type of Scheme: An Open-ended Diversifi ed Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 16.0275Dividend: 13.0039Direct Plan$ Growth: 16.3942Dividend: 16.4060Benchmark: S&P Global 1200Monthly Average AUM: ` 46.17 CroresAUM as on last day: ` 45.37 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption / switch-outof units within 365 days from the date of allotment:1.00% of applicable NAV. For redemption / switchout of units after 365 daysfrom the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Portfolio Turnover: 0.25Expense Ratio:Regular 2.69Direct 2.18

Birla Sun Life International Equity Fund - Plan AAn Open-ended Diversified Equity Scheme


Aetna Inc New 5.31%

Apple Inc. 5.29%

THE BOEING CO 4.28%

AXA SA 4.12%

Fedex Corp 3.66%

Valero Energy Corporation Ltd 3.61%

SANOFI 3.46%

NORDEA BANK AB 3.37%

EXPEDIA INC 3.28%

EASTMAN CHEMICAL CO 3.12%


1.99%2.39%

2.86%

2.95%

3.10%

3.37%

4.64%

4.93%

5.63%

64.28%

Switzerland

Netherlands

Norway

Hong Kong

Swaziland

Sweden

Germany

Australia

France

United States

Country Allocation

Declared on date 25-Apr-17 27-Nov-14Dividend Yield (Regular Plan) 8.55% 8.05%Dividend (`) Per Unit 1.26 1.30Cum Dividend NAV 14.70 16.15






SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1140000 600000 360000 120000Market Value of amount Invested 1650013 663743 362228 122420Scheme Returns (CAGR) 7.58 3.99 0.40 3.78S&P Global 1200 returns# (CAGR) 10.94 9.20 6.36 9.11Nifty 50 returns## (CAGR) 9.89 11.15 8.38 17.97Date of First Installment: November 01, 2007 & Scheme Inception Date: October 31, 2007 . Past Performance may or may not be sustained in future.


Inception - Oct 31, 2007 1 Year 3 Years 5 Years Since InceptionBirla Sun Life International Equity Fund - Plan A 1.29 1.28 7.37 5.09Value of Std Investment of ` 10,000 10128 10388 14265 16028Benchmark - S&P Global 1200 9.34 5.90 11.96 6.49Value of Std Investment of ` 10,000 10931 11876 17586 18164Additional Benchmark - Nifty 50 18.58 11.60 12.14 4.91Value of Std Investment of ` 10,000 11853 13894 17728 15768

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Vineet Maloo is 13. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Vineet Maloo since Since Inception (9.5) years.• The scheme is in existence for more than 5 years.•

A fund that provides an opportunity to grow your money by investing in worldclass companies across the globe, with at least 65% exposure to domestic markets.

An Open-ended diversifi ed equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversifi ed portfolio of equity and equity related securities in the domestic and international markets.

Fund Manager: Mr. Vineet MalooManaging Fund Since: Since InceptionTotal Experience: 11 yearsDate of Allotment: October 31, 2007Type of Scheme: An Open-ended Diversifi ed Equity SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 16.6509Dividend: 15.0080Direct Plan$ Growth: 17.0330Dividend: 17.0242Benchmark: Customised Index †† A customized benchmark created using S&P BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio.Monthly Average AUM: ` 103.04 CroresAUM as on last day: ` 101.21 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed /switchedout within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Portfolio Turnover: 0.42Expense Ratio:Regular 2.69Direct 2.13

Birla Sun Life International Equity Fund - Plan BAn Open-ended Diversified Equity Scheme





Bajaj Finance Limited 3.15%




Shriram City Union Finance Limited 2.03%

Cummins India Limited 1.97%



4.11%4.18%

4.64%

5.13%

5.15%

5.22%

5.27%

10.21%

14.16%

14.78%

Textile Products


Software

Auto

Petroleum Products


Industrial Products

Finance

United States

Banks

Country/Industry Allocation



56

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1140000 600000 360000 120000Market Value of amount Invested 1903363 825599 424936 132320Scheme Returns (CAGR) 10.45 12.73 11.08 19.67Customised Index † returns# (CAGR) 11.50 12.28 9.61 17.08Nifty 50 returns## (CAGR) 9.89 11.15 8.38 17.97Date of First Installment: November 01, 2007 & Scheme Inception Date: October 31, 2007. Past Performance may or may not be sustained in future.


Inception - Oct 31, 2007 1 Year 3 Years 5 Years Since InceptionBirla Sun Life International Equity Fund - Plan B 21.77 14.24 12.84 5.51Value of Std Investment of ` 10,000 12170 14905 18290 16651Benchmark - Customised Index † 18.27 12.04 13.58 6.63Value of Std Investment of ` 10,000 11821 14059 18898 18394Additional Benchmark - Nifty 50 18.58 11.60 12.14 4.91Value of Std Investment of ` 10,000 11853 13894 17728 15768

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Vineet Maloo is 13. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. † 65% BSE 200 + 35% S&P Global 1200The scheme is currently managed by Mr. Vineet Maloo since (Since Inception) (9.5) years.• The scheme is in existence for more than 5 years.•

Declared on date 25-Apr-17Dividend Yield (Regular Plan) 9.86%Dividend (`) Per Unit 1.64Cum Dividend NAV 16.63


A Fund that provides exposure to commodities, by investing in handpicked commodity companies worldwide, that have business exposure to Agricultural commodities.

The objective of the Scheme is to offer long term growth of capital, by investing in (1) stocks of Agri commodity companies, i.e., companies engaged in or focusing on the Agri business and/or (2) overseas mutual fund scheme(s) that have similar investment objectives. These securities could be issued in India or overseas.

Fund Manager: Mr. Milind BafnaManaging Fund Since: August 26, 2015Total Experience: 15 yearsDate of Allotment: November 07, 2008Type of Scheme: An Open-ended Growth SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 21.3480Dividend: 16.4410Direct Plan$ Growth: 21.7424Dividend: 16.7776Benchmark: S&P Global Agribusiness IndexMonthly Average AUM: ` 8.03 CroresAUM as on last day: ` 8.08 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Portfolio Turnover: 0.07Expense Ratio:Regular 1.62Direct 1.17

Birla Sun Life Commodity Equities Fund - Global Agri Plan (GAP)An Open-ended Growth Scheme


Syngenta Ltd Reg Shs 9.66%

Deere And Co Ltd 9.37%

Monsanto Co 9.26%

ASSOCIATED BRITISH FOODS PLC 8.74%

ARCHER-DANIELS-MIDLAND CO 7.97%

TYSON FOODS INC 6.11%

BUNGE LTD 5.74%

BRF SA 5.17%

Potash Corp Of Saskatchewan Inc 5.06%

Kubota Corp 4.63%


-0.48%2.85%

1.40%

1.76%

4.08%

4.22%

4.62%

5.08%

18.40%

58.08%



Russian Federation

Chile

Canada

Mauritius

Norway

Japan

Switzerland

United States

Country Allocation

Declared on date 21-May-15 23-May-14Dividend Yield (Regular Plan) 7.48% 8.24%Dividend (`) Per Unit 1.44 1.50Cum Dividend NAV 19.26 18.20Dividend Yield (Direct Plan) 7.38% 8.19%Dividend (`) Per Unit 1.44 1.50Cum Dividend NAV 19.51 18.32






SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1010000 600000 360000 120000Market Value of amount Invested 1266788 654856 368721 120228Scheme Returns (CAGR) 5.28 3.46 1.56 0.35S&P Global Agribusiness Index returns# (CAGR) 11.32 7.27 4.15 3.17Nifty 50 returns## (CAGR) 10.79 11.15 8.38 17.97Date of First Installment: December 01, 2008 & Scheme Inception Date: November 07, 2008. Past Performance may or may not be sustained in future.


Inception - Nov 07, 2008 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Commodity Equities Fund - Global Agri Plan (GAP) 3.63 2.30 4.72 9.36Value of Std Investment of ` 10,000 10362 10705 12592 21348Benchmark - S&P Global Agribusiness Index 6.31 4.38 10.42 16.55Value of Std Investment of ` 10,000 10629 11370 16410 36623Additional Benchmark - Nifty 50 18.58 11.60 12.14 14.41Value of Std Investment of ` 10,000 11853 13894 17728 31295

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Milind Bafna since August 26, 2015 (1.7) years.• The scheme is in existence for more than 5 years.•

An open ended fund-of-funds Scheme that invests in global funds that primarily invest in commodity securities. It aims to provide long term capital growth.

The primary objective of the Scheme is to achieve long-term capital growth by investing primarily in units of global mutual funds which invest in commodity related securities. There can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: September 17, 2008Type of Scheme: An Open-ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 11.5433Dividend: 11.5459Direct Plan$ Growth: 11.6755Dividend: 10.3101Benchmark: 40% Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR termsMonthly Average AUM: ` 2.87 CroresAUM as on last day: ` 2.78 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/ switch-outof units on or before 365 days from the date of allotment: 1% of applicable NAV. For redemption/switch-out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Expense Ratio:Regular 0.77Direct 0.66

Birla Sun Life Global Commodities Fund(erstwhile ING Global Commodities Fund. Name changed w.e.f October 11, 2014)

An Open-ended Fund of Funds Scheme


Legg Manson Martin Currie Global Resources Fund 45.41%

First State Glob Umbrella Fund Global Res Fund - I 41.53%




-2.02%

15.09%

86.93%



Mutual Fund Units



58

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1030000 600000 360000 120000Market Value of amount Invested 1038353 583679 363170 121983Scheme Returns (CAGR) 0.19 -1.09 0.57 3.0940% Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR terms# (CAGR)

5.10 2.87 2.99 8.62

S&P BSE SENSEX returns## (CAGR) 10.15 10.16 6.99 16.72Date of First Installment: October 01, 2008 & Scheme Inception Date: September 17, 2008. Past Performance may or may not be sustained in future.


Inception - Sep 17, 2008 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Global Commodities Fund 1.90% -6.20% -3.40% 1.68%Value of Std Investment of ` 10,000 10189 8255 8411 11543Benchmark - 40% Dow Jones World Basic Materials Index + 40% Dow Jones World Oil and Gas Index + 20% MSCI AC World in INR terms 6.43% -2.10% 3.26% 4.40%

Value of Std Investment of ` 10,000 10642 9383 11737 14487Additional Benchmark - S&P BSE SENSEX 16.89% 10.11% 11.56% 9.90%Value of Std Investment of ` 10,000 11684 13346 17275 22558


An open ended fund-of-funds Scheme that predominantly invests in “ING (L) Invest Global Real Estate Fund”, a global real estate fund that has fl exibility to invest in real estate securities across the world. It aims to provide capital appreciation.

The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in ING (L) Invest Global Real Estate. The Scheme may also invest a certain portion of its corpus in Money Market Instruments / liquid funds / money market mutual funds, in order to meet liquidity requirements from time to time. There can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: December 31, 2007Type of Scheme: An Open-ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 16.8788Dividend: 16.8895Direct Plan$ Growth: 17.2142Dividend: 17.2285Benchmark: 10/40 GPR 250 Global Net IndexMonthly Average AUM: ` 17.98 CroresAUM as on last day: ` 17.62 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/ switch-outof units on or before 365 days from the date of allotment: 1% of applicable NAV. For redemption/switch-out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Expense Ratio:Regular 1.74Direct 1.28


ING (L) Invest Global Real Estate - I Cap USD 95.67%




Birla Sun Life Global Real Estate Fund(erstwhile ING Global Real Estate Fund. Name changed w.e.f October 11, 2014)

An Open-ended Fund of Funds Scheme

-1.00%

5.33%

95.67%



Mutual Fund Units





SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1120000 600000 360000 120000Market Value of amount Invested 1603167 639524 350791 112329Scheme Returns (CAGR) 7.49 2.52 -1.68 -11.6910/40 GPR 250 Global Net Index returns# (CAGR) NA 7.58 3.85 -6.70S&P BSE SENSEX returns## (CAGR) 9.52 10.18 7.01 16.72Date of First Installment: January 01, 2008 & Scheme Inception Date: December 31, 2007. Past Performance may or may not be sustained in future.


Inception - Dec 31, 2007 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Global Real Estate Fund -6.25 2.18 6.50 5.77Value of Std Investment of ` 10,000 9377 10669 13700 16879Benchmark - 10/40 GPR 250 Global Net Index -1.49 7.02 11.18 N/AValue of Std Investment of ` 10,000 9852 12256 16983 N/AAdditional Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 4.25Value of Std Investment of ` 10,000 11684 13346 17275 14748


An ETF that invests in physical gold of 99.5% purity to generate returns in line with performance of gold, subject to tracking errors.

An Open ended Gold Exchange Traded Fund with the investment objective to generate returns that are in line with the performance of gold, subject to tracking errors.

Fund Manager: Mr. Pranay SinhaManaging Fund Since: April 01, 2017Total Experience: 10 yearsDate of Allotment: May 13, 2011Type of Scheme: An Open ended Gold Exchange Traded FundAddl. Purchase: The Creation Unit size in case of Birla Sun Life Gold ETF shall be 1,000 units and in multiples thereof. To know the exact value of the units please refer our website.NAV (`): 2762.4818Benchmark: Domestic price of physical goldMonthly Average AUM: ` 72.02 CroresAUM as on last day: ` 71.54 Crores(as on 28th April 2017)Load Structure (as % of NAV)Entry Load: NilExit Load** (Includingfractional units, if any): Nil; ++The units of the scheme are compulsorily traded in dematerialized form, and hence, there shall be no entry/exit load for the units purchased or sold through stock exchanges. However,the investor shall have to bear costs in form of bid/ask spread and brokerage or such other cost as charged by his broker for transacting in units of the scheme through secondary market.**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 15.07%Sharpe Ratio##: -0.42Beta: 0.96Expense Ratio:Regular 0.92Tracking Error: 5.19%

Birla Sun Life Gold ETFAn Open ended Gold Exchange Traded Fund


Gold 99.62%


Net receivables / payables 0.06%



0.06%

0.32%

99.62%



GOLD

60


Investment Performance NAV as on April 28, 2017: ` 2762.4818

Inception - May 13, 2011 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Gold ETF -4.78 -0.10 -1.13 3.68Value of Std Investment of ` 10,000 9523 9969 9448 12400Benchmark - Domestic price of physical gold -3.44 0.86 -0.17 4.75Value of Std Investment of ` 10,000 9657 10260 9914 13184

Past performance may or may not be sustained in future.• The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Pranay Sinha is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. $‘These Plan/Options continue for fresh subscriptions under the scheme. The scheme is currently managed by Mr. Pranay Sinha since April 01, 2017 (0.0) year.• The scheme is in existence for more than 5 years.•

An open ended Fund of Funds scheme that predominantly invests in units of Birla Sun Life Gold ETF (underlying scheme) and one doesn’t require a Demat Account to invest in it.

An Open ended Fund of Funds Scheme with the investment objective to provide returns that tracks returns provided by Birla Sun Life Gold ETF (BSL Gold ETF).

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: March 20, 2012Type of Scheme: An Open ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 9.6642Dividend: 9.6628Direct Plan$ Growth: 9.7689Dividend: 9.7652Benchmark: Domestic price of physical goldMonthly Average AUM: ` 51.02 CroresAUM as on last day: ` 51.04 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Standard Deviation: 16.59%Sharpe Ratio##: -0.46Beta: 0.99Expense Ratio:Regular 0.50Direct 0.23Tracking Error: 7.99%

Birla Sun Life Gold FundAn Open ended Fund of Funds Scheme


Birla Sun Life Gold ETF 99.03%





-0.15%

1.12%

99.03%








Inception - Mar 20, 2012 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Gold Fund -1.93 -1.38 -1.26 -0.67Value of Std Investment of ` 10,000 9807 9591 9384 9664Benchmark - Domestic price of physical gold -3.44 0.86 -0.17 0.87Value of Std Investment of ` 10,000 9657 10260 9914 10450


An open ended fund-of-funds Scheme that invests in equity and debt funds having diverse investment styles. These funds are selected using the BSLAMC process. It is actively managed by changing asset allocation of equity and debt categories. It aims to provide long term capital appreciation.

The primary objective of the Scheme is to generate capital appreciation primarily from a portfolio of equity and debt funds accessed through the diversifi ed investment styles of underlying schemes selected in accordance with the BSLAMC process. There can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Mr. Shravan SreenivasulaManaging Fund Since: December 15, 2014Total Experience: 14 yearsDate of Allotment: August 17, 2006Type of Scheme: An Open ended Fund of Funds SchemeApplication Amount for fresh subscription*: ` 1,000 (plus in multiplies of ` 1)Min. Addl. Investment: ` 1,000 (plus in multiplies of ` 1)

SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 25.8243Dividend: 23.7719Direct Plan$ Growth: 12.9087Dividend: 12.2992Benchmark: CRISIL Balanced Fund - Aggressive IndexMonthly Average AUM: ` 3.38 CroresAUM as on last day: ` 3.43 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: If redeemed on or before365 days from the date of allotment: 1%. If redeemed after 365 days from the date of allotment: NIL**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Expense Ratio:Regular 1.35Direct 1.30

Birla Sun Life Asset Allocator Multi Manager FoF Scheme(erstwhile ING Asset Allocator Multi Manager FoF Scheme. Name changed w.e.f October 11, 2014)



Birla Sun Life Short Term Fund Grwth - Direct Plan 30.98%

IDFC Dynamic Bond Fund-Direct Plan-Growth 18.23%

MOSt Focused Multicap 35-Direct Plan-Growth Option 16.62%

Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 9.83%

SBI Blue Chip Fund-Direct Plan -Growth 7.56%

Mirae Asset India Opp'ties Fund-Direct Plan-Growth 5.78%




Note: The exit load rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 / 1800-22-7000 or from any of our Investor Service Centers.“The investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds Scheme makes investments.”


-5.32%

16.32%

89.00%



Mutual Fund Units

62

SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 1280000 600000 360000 120000Market Value of amount Invested 2132315 880837 439657 130449Scheme Returns (CAGR) 9.22 15.37 13.44 16.64CRISIL Balanced Fund - Aggressive Index returns# (CAGR) 9.67 10.95 9.23 14.76S&P BSE SENSEX returns## (CAGR) 9.01 10.16 6.97 16.65Date of First Installment: September 01, 2006 & Scheme Inception Date: August 17, 2006 . Past Performance may or may not be sustained in future.


Inception - Aug 17, 2006 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Asset Allocator Multi Manager FoF Scheme 19.32 18.20 13.76 9.27Value of Std Investment of ` 10,000 11926 16507 19048 25824Benchmark - CRISIL Balanced Fund - Aggressive Index 15.73 11.62 11.40 9.82Value of Std Investment of ` 10,000 11569 13903 17150 27256Additional Benchmark - S&P BSE SENSEX 16.89 10.11 11.56 9.36Value of Std Investment of ` 10,000 11684 13346 17275 26067


An open ended fund-of-funds Scheme following the fi nancial planning discipline with exposure to equity, debt and gold funds. It is suitable for investors with aggressive risk profi le. It aims to provide long term capital appreciation. (Please consult your fi nancial advisor for your risk profi le)



SIP: Monthly: Minimum ` 1,000/-NAV of Plans / Options (`)Regular Plan Growth: 20.2079Dividend: 18.4961Direct Plan$ Growth: 20.7402Dividend: 19.0095Benchmark: 70% Nifty 50 + 15% CRISILLiquid Fund index + 10% CRISIL Composite Bond Fund index + 5% INR price of GoldMonthly Average AUM: ` 124.30 CroresAUM as on last day: ` 125.33 Crores(as on 28th April 2017)Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption/switch outof units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil**Exit Load is NIL for units issued in Dividend Reinvestment.Other Parameter Expense Ratio:Regular 1.33Direct 0.58

Birla Sun Life Financial Planning FOF - Aggressive Plan(erstwhile ING Financial Planning Fund - Aggressive Plan. Name changed w.e.f October 11, 2014)



MOSt Focused Multicap 35-Direct Plan-Growth Option 17.12%Birla Sun Life Advantage Fund - Gr - Dir Pl 15.71%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 14.27%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 13.06%Birla Sun Life Cash Plus - Growth - Direct Plan 12.53%SBI Blue Chip Fund-Direct Plan -Growth 12.34%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 5.86%Reliance ETF Gold BeES 2.72%IDFC Dynamic Bond Fund-Direct Plan-Growth 2.51%Birla Sun Life Short Term Fund Grwth - Direct Plan 2.10%



-0.14%

0.31%

4.32%

95.50%




Mutual Fund Units



SIP Performance - Regular Plan - Growth (assuming SIP of ` 10000 per month)Particulars Since Inception last 5 years last 3 years last 1 yearTotal Amount Invested (`) 710000 600000 360000 120000Market Value of amount Invested 1101322 879640 438518 131557Scheme Returns (CAGR) 14.73 15.31 13.26 18.4570% Nifty 50 + 15% CRISIL Liquid Fund index + 10% CRISIL CompositeBond Fund index + 5% INR price of Gold returns# (CAGR 9.87 9.91 8.07 13.97




Inception - May 09, 2011 1 Year 3 Years 5 Years Since InceptionBirla Sun Life Financial Planning FOF - Aggressive Plan 21.27 17.78 15.01 12.49Value of Std Investment of ` 10,000 12120 16331 20115 20208Benchmark - 70% Nifty 50 + 15% CRISIL Liquid Fund index + 10% CRISIL Composite Bond Fund index + 5% INR price of Gold

14.81 10.45 10.56 8.75



Close Ended Scheme Performance

64

Birla Sun Life Capital Protection Oriented Fund - Series 20 - Regular Plan NAV as on April 28, 2017: ` 12.5778

Inception - Apr 30, 2014 1 Year 3 Years Since Inception

Birla Sun Life Capital Protection Oriented Fund - Series 20 - Regular Plan 7.28 7.95 7.95

Value of Std Investment of ` 10,000 10726 12578 12578

Benchmark - CRISIL MIP Blended Index 11.42 11.17 11.17


Additional Benchmark - CRISIL 1 Year T-Bill Index 6.63 7.75 7.75


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 8. Total Schemes managed by Mr. Mohit Sharma is 24. Total Schemes managed by Mr. Vineet Maloo is 13. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Mohit Sharma & Mr. Vineet Maloo since April 01, 2017 (0.0) year.• The scheme is in existence for more than 3 year but less than 5 years.•


Inception - Jun 09, 2014 1 Year Since Inception

Birla Sun Life Capital Protection Oriented Fund - Series 21 - Regular Plan 7.58 7.58

Value of Std Investment of ` 10,000 10756 12170

Benchmark - CRISIL MIP Blended Index 11.42 9.92


Additional Benchmark - CRISIL 1 Year T-Bill Index 6.63 7.63




Inception - Aug 13, 2014 1 Year Since Inception









Inception - Sep 18, 2014 1 Year Since Inception









Inception - Nov 26, 2014 1 Year Since Inception







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Mohit Sharma is 24. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Mohit Sharma & Mr. Ajay Garg since April 01, 2017 (0.0) year.• The scheme is in existence for more than 1 year but less than 3 years.•


Inception - Mar 30, 2015 1 Year Since Inception







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Mohit Sharma is 24. Total Schemes managed by Mr. Ajay Garg is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Mohit Sharma & Mr. Ajay Garg since April 01, 2017 (0.0) year.• The scheme is in existence for more than 1 year but less than 3 years.•


Inception - Dec 10, 2015 1 Year Since Inception




















Birla Sun Life Emerging Leaders Fund - Series 1 - Regular Plan - Growth NAV as on April 28, 2017: ` 20.8400

Inception - May 09, 2014 1 Year Since Inception

Birla Sun Life Emerging Leaders Fund - Series 1 - Regular Plan - Growth 31.58 28.02


Benchmark - S&P BSE MidCap 34.12 25.94


Additional Benchmark - Nifty 50 18.58 10.80


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Jayesh Gandhi is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Jayesh Gandhi since May 09, 2014 (2.10) years.• The scheme is in existence for more than 1 year but less than 3 years.•


Inception - Jun 05, 2014 1 Year Since Inception







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 8. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Mahesh Patil since Jun 05, 2014 (2.9) years.• The scheme is in existence for more than 1 year but less than 3 years.•


Inception - Jul 08, 2014 1 Year Since Inception







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Mahesh Patil & Mr. Milind Bafna since Jul 08, 2014 (2.8) years.• The scheme is in existence for more than 1 year but less than 3 years.•


Inception - Aug 06, 2014 1 Year Since Inception







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Mahesh Patil is 8. Total Schemes managed by Mr. Milind Bafna is 4. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Mahesh Patil & Mr. Milind Bafna since Aug 06, 2014 (2.8) years.• The scheme is in existence for more than 1 year but less than 3 years.•


Inception - Jan 01, 2015 1 Year Since Inception







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Jayesh Gandhi is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Jayesh Gandhi since Jan 01, 2015 (2.4) years.• The scheme is in existence for more than 1 year but less than 3 years.•


Inception - Apr 17, 2015 1 Year Since Inception







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 11. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Satyabrata Mohanty since Apr 17, 2015 (2.1) years.• The scheme is in existence for more than 1 year but less than 3 years.•


Inception - Feb 24, 2016 1 Year Since Inception



Benchmark - Nifty Free Float Midcap 100 37.19 45.39




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Jayesh Gandhi is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Jayesh Gandhi since Feb 24, 2016 (1.2) years.• The scheme is in existence for more than 1 year but less than 3 years.•

Birla Sun Life Focused Equity Fund - Series 3 - Regular Plan - Growth NAV as on April 28, 2017: ` 12.4400

Inception - Oct 30, 2014 1 Year Since Inception

Birla Sun Life Focused Equity Fund - Series 3 - Regular Plan - Growth 24.60 9.14


Benchmark - Nifty 100 21.27 7.24




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Anil Shah since Oct 30, 2014 (2.5) years.• The scheme is in existence for more than 1 year but less than 3 years.•

Performance details for close ended Capital Protection Oriented Schemes with less than 1 year of existence have not been disclosed.Schemes mentioned in order of performance for the period April 30, 2016 - April 28, 2017. Due to inherent difference in nature of schemes above (i.e. equity, hybrid, debt schemes) as may be managed by Fund Manager, performance of such schemes may not be strictly comparable. Further, for the schemes in existence for less than a year, the past performance details have not been provided. Further, performance of Fixed Term Plans (FTPs) / Fixed Maturity Plans (FMP) / Interval Income Schemes are not considered above, as FMPs / FTPs / Interval Income Schemes are close ended / interval schemes of varying maturities and performance of such schemes may not be strictly comparable with open ended schemes man-aged by Fund Managers.


66









# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Anil Shah since Mar 25, 2015 (2.1) years.• The scheme is in existence for more than 1 year but less than 3 years.•


Inception - Oct 16, 2015 1 Year Since Inception







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 11. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Satyabrata Mohanty since Oct 16, 2015 (1.6) years.• The scheme is in existence for more than 1 year but less than 3 years.•


Inception - Dec 19, 2014 1 Year Since Inception







# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. • Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 6. Refer annexure on page no. 67 to know more on performance of schemes managed by Fund Managers. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.The scheme is currently managed by Mr. Anil Shah since Dec 19, 2014 (2.4) years.• The scheme is in existence for more than 1 year but less than 3 years.•

The Fund Manager-wise Scheme Details appearing above are As on April 28, 2017.

Fund Manager-wise Scheme Details

Sr.no

Funds Managed By Mr. Mohit Sharma Refer page No

1 Birla Sun Life Balanced Advantage Fund$ 352 Birla Sun Life Cash Manager@ 53 Birla Sun Life Capital Protection Oriented Fund - Series 20$ 644 Birla Sun Life Capital Protection Oriented Fund - Series 21$ 645 Birla Sun Life Capital Protection Oriented Fund - Series 22$ 646 Birla Sun Life Capital Protection Oriented Fund - Series 23$ 647 Birla Sun Life Capital Protection Oriented Fund - Series 25# 648 Birla Sun Life Capital Protection Oriented Fund - Series 26# 649 Birla Sun Life Capital Protection Oriented Fund - Series 29$ 64

10 Birla Sun Life Capital Protection Oriented Fund - Series 30$ 6411 Birla Sun Life Floating Rate Fund - Short Term Plan@ 4

# Funds co-managed by Mr. Ajay Garg$ Funds co-managed by Mr. Vineet Maloo@ Funds co-managed by Mr. Kaustubh Gupta

Sr.no

Funds Managed By Mr. Chanchal Khandelwal Refer page No

1 Birla Sun Life India GenNext Fund* 53*Funds co-managed by Mr. Anil Shah

Sr.no

Funds Managed By Mr. Kunal Sangoi Refer page No

1 Birla Sun Life India Opportunities Fund 542 Birla Sun Life New Millennium Fund 52

Sr.no

Funds Managed By Mr. Dhaval Gala Refer page No

1 Birla Sun Life Banking and Financial Services Fund@ 47@ Funds co-managed by Mr. Satyabrata Mohanty

Sr.no

Funds Managed By Mr. Kaustubh Gupta Refer page No

1 Birla Sun Life Cash Manager@ 52 Birla Sun Life Cash Plus# 33 Birla Sun Life Floating Rate Fund - Long Term Plan 74 Birla Sun Life Floating Rate Fund - Short Term Plan@ 45 Birla Sun Life Government Securities Fund -Long Term Plan 176 Birla Sun Life Savings Fund# 67 Birla Sun Life Short Term Fund^ 98 Birla Sun Life Short Term Opportunities Fund^ 109 Birla Sun Life Treasury Optimizer Plan^ 11

# Funds co-managed by Ms. Sunaina Da Cunha @ Funds co-managed by Mr. Mohit Sharma^ Funds co-managed by Mr. Maneesh Dangi

Sr.no

Funds Managed By Mr. Ajay Garg Refer page No

1 Birla Sun Life Capital Protection Oriented Fund - Series 25# 642 Birla Sun Life Capital Protection Oriented Fund - Series 26# 643 Birla Sun Life Index Fund 374 Birla Sun Life MNC Fund 425 Birla Sun Life Tax Plan 296 Birla Sun Life Tax Relief ‘96 287 Birla Sun Life Tax Savings Fund 30

# Funds co-managed by Mr. Mohit Sharma

Sr.no

Funds Managed By Mr. Mahesh Patil Refer page No

1 Birla Sun Life Balanced ‘95 Fund#^ 362 Birla Sun Life Emerging Leaders Fund - Series 2 653 Birla Sun Life Emerging Leaders Fund - Series 3@ 654 Birla Sun Life Emerging Leaders Fund - Series 4@ 655 Birla Sun Life Frontline Equity Fund 386 Birla Sun Life Infrastructure Fund* 517 Birla Sun Life Pure Value Fund@ 458 Birla Sun Life Top 100 Fund 39

# Funds co-managed by Mr. Pranay Sinha@ Funds co-managed by Mr. Milind Bafna^ Funds co-managed by Mr. Dhaval Shah* Funds co-managed by Mr. Vineet Maloo

Sr.no

Funds Managed By Mr. Satyabrata Mohanty Refer page No

1 Birla Sun Life Advantage Fund 412 Birla Sun Life Banking and Financial Services Fund@ 473 Birla Sun Life Dividend Yield Plus# 484 Birla Sun Life Emerging Leaders Fund - Series 6 655 Birla Sun Life Equity Savings Fund*^ 346 Birla Sun Life Focused Equity Fund - Series 6 667 Birla Sun Life India Reforms Fund 508 Birla Sun Life MIP II - Wealth 25 Plan*# 269 Birla Sun Life Special Situations Fund 49

* Funds co-managed by Mr. Pranay Sinha # Funds co-managed by Mr. Vineet Maloo^ Funds co-managed by Mr. Lovelish Solanki@ Funds co-managed by Mr. Dhaval Gala

Sr.no

Funds Managed By Mr. Jayesh Gandhi Refer page No

1 Birla Sun Life Emerging Leaders Fund - Series 1 652 Birla Sun Life Emerging Leaders Fund - Series 5 653 Birla Sun Life Emerging Leaders Fund - Series 7 654 Birla Sun Life Midcap Fund 435 Birla Sun Life Small & Midcap Fund 44

Sr.no

Funds Managed By Mr. Vineet Maloo Refer page No

1 Birla Sun Life Balanced Advantage Fund# 352 Birla Sun Life Capital Protection Oriented Fund - Series 20# 643 Birla Sun Life Capital Protection Oriented Fund - Series 21# 644 Birla Sun Life Capital Protection Oriented Fund - Series 22# 645 Birla Sun Life Capital Protection Oriented Fund - Series 23# 646 Birla Sun Life Capital Protection Oriented Fund - Series 29# 647 Birla Sun Life Capital Protection Oriented Fund - Series 30# 648 Birla Sun Life Dividend Yield Plus* 489 Birla Sun Life Infrastructure Fund^ 35

10 Birla Sun Life International Equity Fund - Plan A 5511 Birla Sun Life International Equity Fund - Plan B 5612 Birla Sun Life MIP II - Wealth 25 Plan*@ 26

* Funds co-managed by Mr. Satyabrata Mohanty# Funds co-managed by Mr. Mohit Sharma@ Funds co-managed by Mr. Pranay Sinha^ Funds co-managed by Mr. Mahesh Patil

Sr.no

Funds Managed By Mr. Milind Bafna Refer page No

1 Birla Sun Life Commodity Equities Fund - Global Agri Plan (GAP) 572 Birla Sun Life Emerging Leaders Fund - Series 3* 653 Birla Sun Life Emerging Leaders Fund - Series 4* 654 Birla Sun Life Pure Value Fund* 45

* Funds co-managed by Mr. Mahesh Patil

Sr.no

Funds Managed By Ms. Sunaina Da Cunha Refer page No

1 Birla Sun Life Cash Plus* 32 Birla Sun Life Corporate Bond Fund# 133 Birla Sun Life Medium Term Plan# 124 Birla Sun Life MIP 55 Birla Sun Life MIP II-Savings 5 Plan 36 Birla Sun Life Monthly Income 47 Birla Sun Life Savings Fund* 6

* Funds co-managed by Mr. Kaustubh Gupta# Funds co-managed by Mr. Maneesh Dangi

Sr.no

Funds Managed By Mr. Lovelish Solanki Refer page No

1 Birla Sun Life Enhanced Arbitrage Fund 82 Birla Sun Life Equity Savings Fund*@ 34

* Funds co-managed by Mr. Satyabrata Mohanty@ Funds co-managed by Mr. Pranay Sinha

Sr.no

Funds Managed By Mr. Pranay Sinha Refer page No

1 Birla Sun Life Balanced ‘95 Fund@$ 362 Birla Sun Life Constant Maturity 10 Year Gilt Fund+ 163 Birla Sun Life Dynamic Bond Fund! 144 Birla Sun Life Equity Savings Fund#^ 345 Birla Sun Life Gilt Plus - PF Plan+ 186 Birla Sun Life Gold ETF 267 Birla Sun Life Income Plus+ 158 Birla Sun Life MIP II - Wealth 25 Plan*# 26

* Funds co-managed by Mr. Vineet Maloo @ Funds co-managed by Mr. Mahesh Patil# Funds co-managed by Mr. Satyabrata Mohanty^ Funds co-managed by Mr. Lovelish Solanki$ Funds co-managed by Mr. Dhaval Shah+ Funds co-managed by Mr. Ashish Kela! Funds co-managed by Mr. Maneesh Dangi

Sr.no

Funds Managed By Mr. Anil Shah Refer page No

1 Birla Sun Life Equity Fund 402 Birla Sun Life Focused Equity Fund - Series 3 653 Birla Sun Life Focused Equity Fund - Series 4 664 Birla Sun Life Focused Equity Fund - Series 5 665 Birla Sun Life India GenNext Fund* 536 Birla Sun Life Manufacturing Equity Fund 46

* Funds co-managed by Mr. Chanchal KhandelwalSr.no

Funds Managed By Mr. Maneesh Dangi Refer page No

1 Birla Sun Life Corporate Bond Fund# 132 Birla Sun Life Dynamic Bond Fund@ 143 Birla Sun Life Medium Term Plan# 124 Birla Sun Life Short Term Fund* 95 Birla Sun Life Short Term Opportunities Fund* 106 Birla Sun Life Treasury Optimizer Plan* 11

# Funds co-managed by Ms. Sunaina Da Cunha@ Funds co-managed by Mr. Pranay Sinha* Funds co-managed by Mr. Kaustubh Gupta

Sr.no

Funds Managed By Mr. Shravan Sreenivasula Refer page No

1 Birla Sun Life Active Debt Multi Manager FoF Scheme 192 Birla Sun Life Asset Allocator Multi Manager FoF Scheme 623 Birla Sun Life Financial Planning FOF - Aggressive Plan 634 Birla Sun Life Financial Planning FOF - Conservative Plan 205 Birla Sun Life Financial Planning FOF - Prudent Plan 216 Birla Sun Life Global Commodities Fund 587 Birla Sun Life Global Real Estate Fund 598 Birla Sun Life Gold Fund 61



Sr.no

Funds Managed By Mr. Dhaval Shah Refer page No

1 Birla Sun Life Balanced ‘95 Fund@$ 36@ Funds co-managed by Mr. Mahesh Patil$ Funds co-managed by Mr. Pranay Sinha

Sr.no

Funds Managed By Mr. Ashish Kela Refer page No

1 Birla Sun Life Constant Maturity 10 Year Gilt Fund$ 162 Birla Sun Life Gilt Plus - PF Plan$ 183 Birla Sun Life Income Plus$ 15

$ Funds co-managed by Mr. Pranay Sinha

Portfolio

Savings Solutions

Birla Sun Life Cash PlusAllocation as a % of Net Assets

Rating %91 Days Tbill (MD 20/07/2017) SOV 3.96%Kotak Mahindra Bank Limited 3.92%IndusInd Bank Limited CRISIL A1+ 3.90%Housing Development Finance Corporation Limited ICRA A1+ 2.79%HDFC Bank Limited 2.50%NTPC Limited ICRA A1+ 2.38%Vedanta Limited CRISIL A1+ 2.31%15 Days CMB (MD 11/05/2017) SOV 2.04%182 Days Tbill (MD 29/06/2017) SOV 2.01%ECL Finance Ltd CRISIL A1+ 1.95%Hindustan Zinc Limited CRISIL A1+ 1.94%Axis Bank Limited 1.87%IndusInd Bank Limited CRISIL A1+ 1.79%Vedanta Limited CRISIL A1+ 1.78%Axis Bank Limited ICRA A1+ 1.57%Axis Bank Limited ICRA A1+ 1.55%National Bank For Agriculture and Rural Development CRISIL A1+ 1.55%PNB Housing Finance Limited CARE A1+ 1.55%IDFC Bank Limited ICRA A1+ 1.32%Bajaj Finance Limited CRISIL A1+ 1.25%Nabha Power Ltd ICRA A1+ 1.24%Vedanta Limited CRISIL A1+ 1.24%IDFC Bank Limited ICRA A1+ 1.22%Tata Motors Finance Ltd ICRA A1+ 1.10%Indiabulls Housing Finance Limited CRISIL A1+ 1.09%India Infoline Finance Ltd ICRA A1+ 1.06%JSW Steel Limited CARE A1+ 1.02%India Infoline Finance Ltd ICRA A1+ 0.94%Tata Motors Finance Solutions Ltd CRISIL A1+ 0.94%Vedanta Limited CRISIL A1+ 0.94%Tata Capital Financial Services Ltd ICRA A1+ 0.94%National Bank For Agriculture and Rural Development CRISIL A1+ 0.93%Hero Fincorp Limited CRISIL A1+ 0.92%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.89%Credit Suisse AG Indian Bank Branch CRISIL A1+ 0.86%Vedanta Limited CRISIL A1+ 0.85%Indiabulls Housing Finance Limited CRISIL A1+ 0.78%Reliance Jio Infocomm Limited CARE A1+ 0.77%Piramal Enterprises Limited ICRA A1+ 0.70%Reliance Jio Infocomm Limited CARE A1+ 0.63%Citicorp Finance India Ltd ICRA A1+ 0.63%Deutsche Investments India Pvt Ltd CRISIL A1+ 0.63%Reliance Capital Limited ICRA A1+ 0.63%Tata Capital Financial Services Ltd ICRA A1+ 0.62%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.62%Tata Motors Finance Solutions Ltd CRISIL A1+ 0.62%Muthoot Finance Limited CRISIL A1+ 0.62%Tata Capital Ltd CRISIL A1+ 0.62%Piramal Finance Private Limited ICRA A1+ 0.62%Piramal Finance Private Limited ICRA A1+ 0.62%The South Indian Bank Limited CARE A1+ 0.61%Vedanta Limited CRISIL A1+ 0.59%IIFL Wealth Finance Limited ICRA A1+ 0.59%Power Finance Corporation Limited ICRA AAA 0.57%Reliance Jio Infocomm Limited CARE A1+ 0.53%GIC Housing Finance Limited ICRA A1+ 0.47%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.47%Cholamandalam Investment and Finance Company Limited ICRA A1+ 0.47%JSW Steel Limited CARE A1+ 0.47%Adani Transmission Limited IND A1+ 0.47%L&T Finance Ltd CARE A1+ 0.47%Deutsche Bank AG 0.42%GIC Housing Finance Limited ICRA A1+ 0.39%Magma Fincorp Limited CRISIL A1+ 0.39%Edelweiss Commodities Services Ltd CRISIL A1+ 0.37%Edelweiss Commodities Services Ltd CRISIL A1+ 0.34%GIC Housing Finance Limited ICRA A1+ 0.31%Volkswagen Finance Pvt Ltd IND A1+ 0.31%IL&FS Financial Services Ltd ICRA A1+ 0.31%Tata Motors Finance Solutions Ltd CRISIL A1+ 0.31%Oriental Bank of Commerce CRISIL A1+ 0.31%Citicorp Finance India Ltd ICRA A1+ 0.31%GIC Housing Finance Limited ICRA A1+ 0.31%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.31%JM Financial Credit Solution Limited ICRA A1+ 0.31%Barclays Invest & Loans India Ltd ICRA A1+ 0.31%JSW Steel Limited CARE A1+ 0.31%Manappuram Finance Limited CRISIL A1+ 0.31%IL&FS Financial Services Ltd ICRA A1+ 0.31%Tata Power Renewable Energy Ltd CRISIL A1+(SO) 0.31%Sundaram Finance Limited ICRA AA+ 0.28%Godrej Properties Limited ICRA A1+ 0.25%Bahadur Chand Investments Pvt Ltd ICRA A1+ 0.25%JM Financial Credit Solution Limited ICRA A1+ 0.24%ONGC Mangalore Petrochemicals Ltd ICRA A1+ 0.24%ICICI Securities Ltd CRISIL A1+ 0.23%IDFC Bank Limited ICRA A1+ 0.22%Godrej Properties Limited ICRA A1+ 0.22%Godrej Properties Limited ICRA A1+ 0.22%Fedbank Financial Services Ltd CRISIL A1+ 0.20%Housing Development Finance Corporation Limited CRISIL AAA 0.20%LIC Housing Finance Limited CRISIL AAA 0.19%Indiabulls Housing Finance Limited CARE AAA 0.19%SBI Global Factors Ltd ICRA A1+ 0.19%SBI Global Factors Ltd ICRA A1+ 0.19%Fedbank Financial Services Ltd CRISIL A1+ 0.17%8.67% Karnataka SDL (MD 18/07/2017) SOV 0.16%LIC Housing Finance Limited CRISIL AAA 0.16%Indiabulls Housing Finance Limited CARE AAA 0.16%Power Finance Corporation Limited CRISIL AAA 0.16%IL & FS Education and Technology Services Ltd CARE A1+ 0.16%SBI Global Factors Ltd ICRA A1+ 0.16%Volkswagen Finance Pvt Ltd IND A1+ 0.16%

SBI Global Factors Ltd ICRA A1+ 0.16%Dalmia Bharat Limited CARE A1+ 0.16%GIC Housing Finance Limited ICRA A1+ 0.16%ICICI Bank Limited ICRA A1+ 0.16%ICICI Securities Ltd CRISIL A1+ 0.16%Barclays Invest & Loans India Ltd ICRA A1+ 0.16%Deutsche Investments India Pvt Ltd CRISIL A1+ 0.16%Dalmia Bharat Limited CARE A1+ 0.16%JM Financial Products Ltd ICRA A1+ 0.16%IL & FS Education and Technology Services Ltd CARE A1+ 0.15%STCI Finance Limited CRISIL A1+ 0.13%Tata Capital Financial Services Ltd CRISIL AA+ 0.12%Fedbank Financial Services Ltd CRISIL A1+ 0.09%Karvy Stock Broking Ltd ICRA A1+(SO) 0.09%Indiabulls Housing Finance Limited CARE AAA 0.08%L & T Infrastructure Finance Co Ltd CARE AA+ 0.08%IDFC Bank Limited ICRA A1+ 0.08%IL & FS Education and Technology Services Ltd CARE A1+ 0.08%Chennai Petroleum Corporation Limited ICRA A1+ 0.08%Julius Baer Capital India Pvt Ltd. IND A1+ 0.08%Shriram Transport Finance Company Limited CRISIL AA+ 0.05%Power Grid Corporation of India Limited CRISIL AAA 0.05%364 Days Tbill (MD 08/06/2017) SOV 0.05%Tata Capital Financial Services Ltd ICRA AA+ 0.03%Vedanta Limited CRISIL A1+ 0.02%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.02%Network18 Media & Investments Limited ICRA A1+ 0.02%Network18 Media & Investments Limited ICRA A1+ 0.02%Network18 Media & Investments Limited ICRA A1+ 0.02%Network18 Media & Investments Limited ICRA A1+ 0.02%91 Days Tbill (MD 11/05/2017) SOV 0.004%Cash & Current Assets 11.49%Total 100.00%

Birla Sun Life Floating Rate Fund - Short Term Plan

Allocation as a % of Net Assets

Rating %Axis Bank Limited 6.62%Kotak Mahindra Bank Limited 5.60%15 Days CMB (MD 11/05/2017) SOV 5.13%JSW Steel Limited CARE A1+ 5.09%India Infoline Finance Ltd ICRA A1+ 3.82%Manappuram Finance Limited CRISIL A1+ 3.06%JSW Steel Limited CARE A1+ 3.01%IDFC Bank Limited ICRA A1+ 2.31%PTC India Financial Services Limited CRISIL A1+ 2.04%Mahindra & Mahindra Financial Services Limited CRISIL A1+ 1.99%The South Indian Bank Limited CARE A1+ 1.64%Muthoot Finance Limited CRISIL A1+ 1.54%Housing Development Finance Corporation Limited ICRA A1+ 1.54%ICICI Sec Primary Dealership Ltd. CRISIL A1+ 1.53%Export Import Bank of India CRISIL A1+ 1.44%Cholamandalam Investment and Finance Company Limited ICRA AA 1.03%RBL Bank Limited ICRA A1+ 1.03%RBL Bank Limited ICRA A1+ 1.03%Indiabulls Real Estate Limited CARE A1+ 1.02%Adani Enterprises Limited BWR A1+ 1.02%IDFC Bank Limited ICRA A1+ 1.02%Indiabulls Real Estate Limited CARE A1+ 1.02%Adani Enterprises Limited BWR A1+ 1.02%Indiabulls Real Estate Limited CARE A1+ 1.02%Kotak Securities Ltd ICRA A1+ 1.02%JSW Steel Limited CARE A1+ 1.02%Tata Housing Development Co Ltd CARE A1+ 1.02%STCI Finance Limited CRISIL A1+ 1.02%Indiabulls Housing Finance Limited CRISIL A1+ 1.02%Reliance Capital Limited ICRA A1+ 1.02%Welspun Renewables Energy Private Limited IND A1+(SO) 1.02%Credila Financial Services Pvt Ltd ICRA A1+ 1.01%RBL Bank Limited ICRA A1+ 0.97%Tata Housing Development Co Ltd CARE A1+ 0.97%Tata Housing Development Co Ltd CARE A1+ 0.97%L&T Finance Ltd CARE A1+ 0.77%NTPC Limited ICRA A1+ 0.77%Cholamandalam Investment and Finance Company Limited ICRA A1+ 0.77%Tata Capital Financial Services Ltd CRISIL AA+ 0.72%Godrej Properties Limited ICRA A1+ 0.72%Indiabulls Real Estate Limited CARE A1+ 0.67%Volkswagen Finance Pvt Ltd IND A1+ 0.66%Adani Enterprises Limited BWR A1+ 0.51%Talwandi Sabo Power Ltd CRISIL A1+(SO) 0.51%Adani Enterprises Limited BWR A1+ 0.51%Magma Housing Finance CRISIL A1+ 0.51%Magma Fincorp Limited CRISIL A1+ 0.51%Tata Power Company Limited ICRA A1+ 0.51%L&T Finance Ltd CARE A1+ 0.51%Mahindra & Mahindra Financial Services Limited CRISIL A1+ 0.51%Credila Financial Services Pvt Ltd ICRA A1+ 0.51%Sundaram BNP Paribas Home Finance Ltd CRISIL A1+ 0.46%Andhra Bank CARE A1+ 0.42%Axis Finance Limited IND A1+ 0.31%JM Financial Services Ltd ICRA A1+ 0.30%Tata Cleantech Capital Ltd CRISIL AA+ 0.26%Small Industries Dev Bank of India CRISIL A1+ 0.26%Bajaj Finance Limited CRISIL A1+ 0.26%Mahindra & Mahindra Financial Services Limited IND A1+ 0.26%Bajaj Finance Limited CRISIL A1+ 0.26%Vodafone India Ltd CRISIL A1+ 0.26%IDBI Bank Limited CRISIL A1+ 0.26%L&T Finance Ltd CARE A1+ 0.26%Barclays Invest & Loans India Ltd ICRA A1+ 0.25%JM Financial Services Ltd ICRA A1+ 0.25%JM Financial Services Ltd ICRA A1+ 0.25%L & T Infrastructure Finance Co Ltd CARE A1+ 0.25%Power Grid Corporation of India Limited CRISIL AAA 0.21%

Shriram Transport Finance Company Limited CRISIL AA+ 0.10%Kotak Mahindra Prime Ltd CRISIL AAA 0.10%Cash & Current Assets 18.75%Total 100.00%

Birla Sun Life Cash Manager


Rating %Tata Power Company Limited ICRA AA 8.67%Reliance Jio Infocomm Limited CRISIL AAA 6.82%Novo Ahan 2017 Trust ICRA A1+(SO) 2.82%Small Industries Dev Bank of India CARE AAA 2.82%Tata Capital Financial Services Ltd CRISIL AA+ 2.80%Indiabulls Housing Finance Limited CARE AAA 2.33%Shriram Transport Finance Company Limited CRISIL AA+ 2.31%Housing Development Finance Corporation Limited CRISIL AAA 2.30%Tata Sons Ltd CRISIL AAA 2.27%TATA Realty & Infrastructure Ltd ICRA A1+ 2.03%Power Finance Corporation Limited CRISIL AAA 1.96%Export Import Bank of India CRISIL AAA 1.81%Tata Capital Financial Services Ltd CRISIL AA+ 1.75%Power Finance Corporation Limited CRISIL AAA 1.75%Power Finance Corporation Limited CRISIL AAA 1.73%Indiabulls Housing Finance Limited CARE AAA 1.66%ONGC Petro Additions Ltd CARE AAA(SO) 1.62%8.39% Rajasthan UDAY BOND (MD 15/03/2019) SOV 1.55%Cholamandalam Investment and Finance Company Limited ICRA AA 1.53%8.85% Punjab SDL (MD 09/07/2019) SOV 1.44%Indiabulls Housing Finance Limited CARE AAA 1.40%Fullerton India Credit Co Ltd ICRA AA+ 1.40%Shriram Transport Finance Company Limited CRISIL AA+ 1.39%Piramal Enterprises Limited ICRA AA 1.39%8.67% Punjab SDL (29/10/2019) SOV 1.35%Tata Motors Finance Ltd CRISIL AA 1.30%Power Finance Corporation Limited CRISIL AAA 1.27%Aditya Birla Nuvo Limited ICRA AA+ 1.26%Small Industries Dev Bank of India CARE AAA 1.20%Reliance Jio Infocomm Limited CRISIL AAA 1.12%Housing Development Finance Corporation Limited CRISIL AAA 1.05%Housing Development Finance Corporation Limited CRISIL AAA 1.05%Cholamandalam Investment and Finance Company Limited ICRA AA 1.05%Nirma Ltd CRISIL AA 1.04%Housing Development Finance Corporation Limited CRISIL AAA 1.04%Housing Development Finance Corporation Limited CRISIL AAA 1.04%Cholamandalam Investment and Finance Company Limited ICRA AA 1.02%Power Finance Corporation Limited CRISIL AAA 0.98%Grand View Estates Pvt Ltd ICRA AA(SO) 0.92%Housing Development Finance Corporation Limited CRISIL AAA 0.86%Talwandi Sabo Power Ltd CRISIL AA (SO) 0.81%Rural Electrifi cation Corporation Limited CRISIL AAA 0.79%Piramal Finance Private Limited ICRA AA 0.75%National Bank For Agriculture and Rural Development CRISIL AAA 0.70%IDFC Bank Limited ICRA AAA 0.70%National Bank For Agriculture and Rural Development CRISIL AAA 0.69%National Bank For Agriculture and Rural Development CRISIL A1+ 0.68%Tata Motors Finance Ltd ICRA A1+ 0.68%Satin Creditcare Network Limited ICRA A1+(SO) 0.67%Power Finance Corporation Limited CRISIL AAA 0.57%Rural Electrifi cation Corporation Limited CRISIL AAA 0.57%Shriram Transport Finance Company Limited CRISIL AA+ 0.49%Dewan Housing Finance Corporation Limited CARE AAA 0.49%Dewan Housing Finance Corporation Limited CARE AAA 0.45%Nabha Power Ltd ICRA AAA(SO) 0.42%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.39%Hero Fincorp Limited ICRA AA+ 0.38%Housing Development Finance Corporation Limited CRISIL AAA 0.35%Adani Transmission Limited IND AA+ 0.35%7.86% Rajasthan UDAY BOND (MD 23/06/2019) SOV 0.35%Power Finance Corporation Limited CRISIL AAA 0.35%Shriram Transport Finance Company Limited CRISIL AA+ 0.35%JSW Energy Limited CARE AA- 0.35%Housing Development Finance Corporation Limited CRISIL AAA 0.35%Piramal Enterprises Limited ICRA AA 0.35%HDB Financial Services Ltd CRISIL AAA 0.35%8.21% Rajasthan UDAY BOND ( MD 31/03/2018) SOV 0.34%L&T Finance Ltd CARE A1+ 0.34%Tata Capital Financial Services Ltd ICRA AA+ 0.28%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.26%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.26%ICICI Home Finance Company Ltd CARE AAA 0.25%Nabha Power Ltd ICRA AAA(SO) 0.23%Dewan Housing Finance Corporation Limited CARE AAA 0.21%Vijaya Bank CARE A1+ 0.15%Power Grid Corporation of India Limited CRISIL AAA 0.14%Export Import Bank of India CRISIL AAA 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%Small Industries Dev Bank of India CARE AAA 0.14%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.11%Power Grid Corporation of India Limited CRISIL AAA 0.07%Rural Electrifi cation Corporation Limited CRISIL AAA 0.07%9.90% West Bangal SDL (MD 01/08/2018) SOV 0.07%9.86% Kerala SDL (MD 01/08/2018) SOV 0.07%8.57% Uttar Pradesh SDL (MD 12/03/2019) SOV 0.07%Power Finance Corporation Limited CRISIL AAA 0.07%

68

Shriram Transport Finance Company Limited CRISIL AA+ 0.07%JSW Energy Limited CARE AA- 0.07%IDBI Bank Limited ICRA AA- 0.04%Andhra Bank CARE A1+ 0.03%National Bank For Agriculture and Rural Development CRISIL A1+ 0.01%6.2925% Pay Fix & Rec Mibor(03/10/19) HDFCBK 0.01%6.295% Pay Fix & Rec Mibor(03/10/19) HDFCBK 0.01%Export Import Bank of India CRISIL A1+ 0.01%6.29% Pay Fix & Rec Mibor(03/10/19) HDFCBK 0.004%REC_6.5175 & PAY_FLOAT_29/04/2019 HSBCBK 0.00%

Cash & Current Assets 7.83%Total 100.00%

Birla Sun Life Savings FundAllocation as a % of Net Assets

Rating %Tata Power Company Limited ICRA AA 4.54%Dewan Housing Finance Corporation Limited CARE AAA 2.47%Reliance Jio Infocomm Limited CRISIL AAA 2.43%Pune Solapur Expressway Pvt Ltd ICRA A(SO) 1.93%Vodafone Mobile Services Ltd IND AAA 1.88%Power Finance Corporation Limited CRISIL AAA 1.81%Reliance Jio Infocomm Limited CRISIL AAA 1.81%Indiabulls Housing Finance Limited CARE AAA 1.79%Vodafone Mobile Services Ltd IND AAA 1.53%Novo Ahan 2017 Trust ICRA A1+(SO) 1.40%Housing Development Finance Corporation Limited CRISIL AAA 1.38%Power Finance Corporation Limited CARE AAA 1.38%Hinduja Leyland Finance Ltd CARE A+ 1.38%Tata Sons Ltd CRISIL AAA 1.37%TATA Realty & Infrastructure Ltd ICRA A1+ 1.34%Adani Ports and Special Economic Zone Limited ICRA A1+ 1.32%ONGC Petro Additions Ltd CARE AAA(SO) 1.31%Indiabulls Housing Finance Limited CARE AAA 1.31%Mahindra & Mahindra Financial Services Limited IND AAA 1.11%Vodafone Mobile Services Ltd IND AAA 1.08%TATA Realty & Infrastructure Ltd ICRA A1+ 1.06%Dewan Housing Finance Corporation Limited CARE AAA 1.06%Piramal Finance Private Limited ICRA AA 0.98%ICICI Home Finance Company Ltd ICRA AAA 0.97%Adani Transmission Limited IND AA+ 0.95%Standard Chartered Invest & Loans Ltd. CRISIL A1+ 0.93%ONGC Mangalore Petrochemicals Ltd IND AAA 0.86%Fullerton India Credit Co Ltd ICRA A1+ 0.85%Indiabulls Housing Finance Limited CARE AAA 0.85%Tata Motors Finance Ltd CRISIL AA 0.83%Tata Motors Limited CARE AA+ 0.83%Cholamandalam Investment and Finance Company Limited ICRA AA 0.83%Tata Capital Financial Services Ltd ICRA AA+ 0.83%Tata Capital Financial Services Ltd ICRA AA+ 0.82%Tata Motors Finance Ltd ICRA A1+ 0.82%Indiabulls Housing Finance Limited CARE AAA 0.78%Shriram Transport Finance Company Limited CRISIL AA+ 0.78%Housing & Urban Development Corpn. Ltd. CARE AAA 0.77%Shriram Transport Finance Company Limited IND AA+ 0.75%8.55% Jammu And Kashmir SDL(MD 17/02/2021) SOV 0.74%

Reliance Jio Infocomm Limited CRISIL AAA (SO) 0.72%

Power Finance Corporation Limited CRISIL AAA 0.70%Tata Power Company Limited ICRA AA 0.69%Tata Capital Financial Services Ltd ICRA AA+ 0.69%LIC Housing Finance Limited CRISIL AAA 0.69%National Bank For Agriculture and Rural Development CRISIL AAA 0.69%Power Finance Corporation Limited CRISIL AAA 0.64%Nabha Power Ltd ICRA AAA(SO) 0.64%Nirma Ltd CRISIL AA 0.63%Power Finance Corporation Limited CRISIL AAA 0.63%L&T Finance Ltd CARE A1+ 0.60%Power Finance Corporation Limited CRISIL AAA 0.58%Tata Motors Finance Ltd CRISIL AA 0.57%8.85% Punjab SDL (MD 09/07/2019) SOV 0.57%8.39% Rajasthan SDL(MD 15/03/2021) SOV 0.57%Tata Capital Ltd CRISIL AA+ 0.56%Tata Capital Ltd CRISIL AA+ 0.56%Indiabulls Housing Finance Limited CARE AAA 0.55%National Bank For Agriculture and Rural Development CRISIL AAA 0.55%LIC Housing Finance Limited CARE AAA 0.55%Sundaram Finance Limited CRISIL AA+ 0.55%Housing Development Finance Corporation Limited CRISIL AAA 0.55%Sundaram BNP Paribas Home Finance Ltd ICRA AA+ 0.55%Hero Fincorp Limited CRISIL A1+ 0.55%Kotak Mahindra Prime Ltd CRISIL A1+ 0.54%Tata Capital Financial Services Ltd ICRA A1+ 0.54%Kotak Mahindra Prime Ltd CRISIL AAA 0.54%Shapoorji Pallonji and Company Private Ltd ICRA A1+ 0.54%Barclays Invest & Loans India Ltd ICRA A1+ 0.52%8.51% Gujarat SDL(MD 27/10/2020) SOV 0.50%Power Finance Corporation Limited CRISIL AAA 0.47%Power Finance Corporation Limited CRISIL AAA 0.47%Cholamandalam Investment and Finance Company Limited ICRA AA 0.44%Power Finance Corporation Limited CRISIL AAA 0.44%8.53% Tamilnadu SDL (MD 27/10/2020) SOV 0.43%Bahadur Chand Investments Pvt Ltd ICRA A1+ 0.42%National Bank For Agriculture and Rural Development CRISIL AAA 0.42%Tata Capital Financial Services Ltd CRISIL AA+ 0.42%

PNB Housing Finance Limited CARE AAA 0.42%Housing Development Finance Corporation Limited CRISIL AAA 0.41%Kotak Mahindra Prime Ltd CRISIL AAA 0.41%Cholamandalam Investment and Finance Company Limited ICRA AA 0.40%Power Finance Corporation Limited CRISIL AAA 0.40%Shriram Transport Finance Company Limited CRISIL AA+ 0.37%8.52% Andhra Pradesh SDL (MD 27/10/2020) SOV 0.36%Dewan Housing Finance Corporation Limited CARE AAA 0.34%Power Finance Corporation Limited CRISIL AAA 0.33%8.55% Uttar Pradesh SDL (MD 27/10/2020) SOV 0.32%Power Finance Corporation Limited CRISIL AAA 0.31%LIC Housing Finance Limited CARE AAA 0.31%8.52% Rajasthan SDL(MD 17/02/2021) SOV 0.29%8.39% Rajasthan SDL(MD 24/11/2020) SOV 0.29%8.53% Puducherry SDL(MD 02/02/2021) SOV 0.29%8.52% Haryana SDL (MD 17/02/2021) SOV 0.29%8.39% Punjab SDL (MD 05/01/2021) SOV 0.28%Rural Electrifi cation Corporation Limited CRISIL AAA 0.28%8.25% Rajasthan SDL(MD 20/01/2020) SOV 0.28%Indiabulls Housing Finance Limited CARE AAA 0.28%Housing Development Finance Corporation Limited CRISIL AAA 0.28%Shriram Transport Finance Company Limited IND AA+ 0.28%Power Finance Corporation Limited CRISIL AAA 0.28%Nabha Power Ltd ICRA AAA(SO) 0.28%Tata Motors Finance Ltd CRISIL AA 0.28%LIC Housing Finance Limited CRISIL AAA 0.28%Shriram Transport Finance Company Limited IND AA+ 0.28%ICICI Home Finance Company Ltd ICRA AAA 0.28%L & T Infrastructure Finance Co Ltd CARE AA+ 0.28%8.51% Andhra Pradesh SDL (MD 17/02/2021) SOV 0.28%National Bank For Agriculture and Rural Development CRISIL AAA 0.27%6.93% Punjab SDL (MD 22/12/2020) SOV 0.27%National Bank For Agriculture and Rural Development CRISIL AAA 0.25%8.38% Maharashtra SDL (MD 25/03/2020) SOV 0.23%Housing Development Finance Corporation Limited CRISIL AAA 0.22%Tata Motors Limited CARE AA+ 0.22%IL & FS Education and Technology Services Ltd IND AA-(SO) 0.22%Housing Development Finance Corporation Limited CRISIL AAA 0.22%Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.22%8.72% Bihar SDL (MD 25/01/2022) SOV 0.20%Reliance Jio Infocomm Limited CRISIL AAA

(SO) 0.20%Power Finance Corporation Limited CRISIL AAA 0.19%Housing Development Finance Corporation Limited CRISIL AAA 0.19%Shriram Transport Finance Company Limited CRISIL AA+ 0.19%8.18% Andhra Pradesh SDL(MD 21/07/2020) SOV 0.19%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.17%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.16%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.16%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.16%Cholamandalam Investment and Finance Company Limited ICRA AA 0.15%8.19% Uttar Pradesh SDL(MD 07/07/2020) SOV 0.15%Rural Electrifi cation Corporation Limited CRISIL AAA 0.15%8.44% Madhya Pradesh SDL (MD 08/12/2020) SOV 0.14%8.51% Kerala SDL (MD 17/02/2021) SOV 0.14%8.42% Maharashtra SDL (MD 25/08/2020) SOV 0.14%8.46% Gujarat SDL (MD 03/03/2021) SOV 0.14%8.47% Puducherry SDL(MD 03/03/2021) SOV 0.14%8.35% Gujarat SDL (MD 06/10/2020) SOV 0.14%8.38% Haryana SDL(MD 16/03/2021) SOV 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%8.31% Uttar Pradesh SDL(MD 04/10/2019) SOV 0.14%Small Industries Dev Bank of India CARE AAA 0.14%Housing Development Finance Corporation Limited CRISIL AAA 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%Export Import Bank of India CRISIL AAA 0.14%Steel Authority of India Limited IND AA 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%Axis Bank Limited CRISIL A1+ 0.14%L&T Finance Ltd CARE A1+ 0.14%8.51% Gujrat SDL (MD 17/02/2021) SOV 0.12%8.51% Haryana SDL(MD 27/10/2020) SOV 0.12%8.37% Andhra Pradesh SDL (MD 16/03/2021) SOV 0.11%8.39% Uttarpradesh SDL(MD 03/02/2020) SOV 0.11%Indian Railway Finance Corp Ltd CRISIL AAA 0.11%Power Grid Corporation of India Limited CRISIL AAA 0.11%Power Finance Corporation Limited ICRA AAA 0.11%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.11%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.10%8.44% Punjab SDL (MD 10/11/2020) SOV 0.10%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.10%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.10%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.10%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.10%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.09%8.66% Tamilnadu SDL (MD 25/01/2022) SOV 0.09%Power Finance Corporation Limited CRISIL AAA 0.09%Power Finance Corporation Limited CRISIL AAA 0.08%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.06%8.72% Tamilnadu SDL (MD 11/01/2022) SOV 0.06%8.72% Maharashtra SDL (MD 11/01/2022) SOV 0.06%8.74% Rajasthan SDL (MD 11/01/2022) SOV 0.06%8.49% Bihar SDL (MD 07/10/2019) SOV 0.06%Power Finance Corporation Limited CRISIL AAA 0.06%Power Finance Corporation Limited CRISIL AAA 0.06%

LIC Housing Finance Limited CRISIL AAA 0.06%Tata Capital Financial Services Ltd CRISIL AA+ 0.06%8.31% Gujarat SDL(MD 03/02/2020) SOV 0.05%Shriram Transport Finance Company Limited CRISIL AA+ 0.04%IOT Utkal Energy Services Limited CRISIL AAA

(SO) 0.03%9.09% Tamilnadu SDL (MD 19/10/2021) SOV 0.03%8.66% Maharashtra SDL (MD 21/09/2021) SOV 0.03%8.63% Andhra Pradesh SDL(MD 07/09/2021) SOV 0.03%8.59% Gujrat SDL (MD 24/08/2021) SOV 0.03%Rural Electrifi cation Corporation Limited CRISIL AAA 0.03%7.85% Andhra Pradesh SDL(MD 22/07/2019) SOV 0.03%Indian Railway Finance Corp Ltd CRISIL AAA 0.02%8.53% Maharashtra SDL (MD 27/10/2020) SOV 0.02%Power Grid Corporation of India Limited ICRA AAA 0.02%Kotak Mahindra Bank Limited CRISIL A1+ 0.02%6.2875% Pay Fix & Rec Mibor(03/10/18) ICICISECPD 0.002%Rural Electrifi cation Corporation Limited CRISIL AAA 0.002%Rural Electrifi cation Corporation Limited CRISIL AAA 0.001%REC_FLOAT & PAY_6.715_09/03/2022 HSBCBK 0.001%


Birla Sun Life Floating Rate Fund - Long Term Plan


Rating %Novo Ahan 2017 Trust ICRA A1+(SO) 4.21%Tata Motors Finance Ltd ICRA A1+ 2.67%Shriram Transport Finance Company Limited CRISIL AA+ 2.46%S.D. Corporation Pvt. Ltd CARE A1+(SO) 2.40%Reliance Jio Infocomm Limited CRISIL AAA 2.22%Housing Development Finance Corporation Limited CRISIL AAA 2.15%Small Industries Dev Bank of India CARE AAA 1.86%Vodafone Mobile Services Ltd IND AAA 1.85%Vodafone Mobile Services Ltd IND AAA 1.84%Indiabulls Housing Finance Limited CARE AAA 1.84%National Bank For Agriculture and Rural Development CRISIL AAA 1.83%Power Finance Corporation Limited CRISIL AAA 1.72%Housing Development Finance Corporation Limited CRISIL AAA 1.68%Rural Electrifi cation Corporation Limited CRISIL AAA 1.48%Power Finance Corporation Limited CRISIL AAA 1.48%Rural Electrifi cation Corporation Limited CRISIL AAA 1.39%Small Industries Dev Bank of India CARE AAA 1.24%Shriram Transport Finance Company Limited IND AA+ 1.24%National Bank For Agriculture and Rural Development CRISIL AAA 1.23%Nabha Power Ltd ICRA AAA(SO) 1.23%Shriram Transport Finance Company Limited CRISIL AA+ 1.23%Shriram Transport Finance Company Limited IND AA+ 1.22%National Bank For Agriculture and Rural Development CRISIL AAA 1.22%National Bank For Agriculture and Rural Development CRISIL AAA 1.22%Kotak Mahindra Prime Ltd CRISIL AAA 1.22%S.D. Corporation Pvt. Ltd CARE A1+(SO) 1.20%S.D. Corporation Pvt. Ltd CARE A1+(SO) 1.20%Vodafone Mobile Services Ltd CRISIL A1+ 1.19%National Bank For Agriculture and Rural Development CRISIL A1+ 1.19%Cholamandalam Investment and Finance Company Limited ICRA AA 1.05%Volkswagen Finance Pvt Ltd IND A1+ 1.03%Power Finance Corporation Limited CRISIL AAA 1.01%Cholamandalam Investment and Finance Company Limited ICRA AA 0.98%LIC Housing Finance Limited CARE AAA 0.95%Power Finance Corporation Limited CRISIL AAA 0.95%LIC Housing Finance Limited CRISIL AAA 0.93%Tata Motors Limited CARE AA+ 0.92%Power Finance Corporation Limited CRISIL AAA 0.92%Tata Capital Financial Services Ltd ICRA AA+ 0.91%Kotak Mahindra Prime Ltd CRISIL AAA 0.91%Housing Development Finance Corporation Limited ICRA A1+ 0.89%Fullerton India Credit Co Ltd ICRA A1+ 0.88%Shapoorji Pallonji and Company Private Ltd ICRA A1+ 0.87%Dewan Housing Finance Corporation Limited CARE AAA 0.87%Rural Electrifi cation Corporation Limited CRISIL AAA 0.86%Power Finance Corporation Limited CRISIL AAA 0.81%National Bank For Agriculture and Rural Development CRISIL AAA 0.80%Tata Capital Financial Services Ltd CRISIL AA+ 0.78%Vodafone Mobile Services Ltd IND AAA 0.74%Indiabulls Housing Finance Limited CARE AAA 0.73%Tata Motors Finance Ltd CRISIL AA 0.67%ONGC Mangalore Petrochemicals Ltd IND AAA 0.64%8.40% Gujarat SDL (MD 24/11/2020) SOV 0.63%Power Finance Corporation Limited CRISIL AAA 0.63%9.81% Punjab SDL (MD 11/07/2018) SOV 0.63%National Bank For Agriculture and Rural Development CRISIL AAA 0.63%LIC Housing Finance Limited CRISIL AAA 0.63%8.39% Rajasthan UDAY BOND (MD 15/03/2019) SOV 0.62%Rural Electrifi cation Corporation Limited CRISIL AAA 0.62%ONGC Petro Additions Ltd CARE AAA(SO) 0.62%Tata Capital Ltd CRISIL AA+ 0.62%Power Finance Corporation Limited CRISIL AAA 0.62%Power Finance Corporation Limited CRISIL AAA 0.61%Tata Capital Financial Services Ltd CRISIL AA+ 0.61%Fullerton India Credit Co Ltd ICRA AA+ 0.61%



Portfolio

National Bank For Agriculture and Rural Development CRISIL AAA 0.61%Housing Development Finance Corporation Limited CRISIL AAA 0.61%LIC Housing Finance Limited CARE AAA 0.61%HDB Financial Services Ltd CRISIL AAA 0.61%Cholamandalam Investment and Finance Company Limited ICRA AA 0.61%Bajaj Finance Limited CRISIL AAA 0.61%6.93% Punjab SDL (MD 22/12/2020) SOV 0.60%Housing Development Finance Corporation Limited CRISIL AAA 0.56%LIC Housing Finance Limited CRISIL AAA 0.49%8.41% Andhra Pradesh SDL (MD 27/03/2018) SOV 0.37%Export Import Bank of India CRISIL AAA 0.37%Tata Motors Finance Ltd CRISIL AA 0.34%Hero Fincorp Limited ICRA AA+ 0.33%Kotak Mahindra Prime Ltd CRISIL AAA 0.33%Power Finance Corporation Limited CRISIL AAA 0.32%Export Import Bank of India CRISIL AAA 0.31%Power Finance Corporation Limited CRISIL AAA 0.31%9.40% Andhra Pradesh SDL (MD 30/06/2018) SOV 0.31%LIC Housing Finance Limited CRISIL AAA 0.31%LIC Housing Finance Limited CRISIL AAA 0.31%Housing Development Finance Corporation Limited CRISIL AAA 0.31%Housing Development Finance Corporation Limited CRISIL AAA 0.31%Cholamandalam Investment and Finance Company Limited ICRA AA 0.31%Reliance Jio Infocomm Limited CRISIL AAA 0.31%Housing Development Finance Corporation Limited CRISIL AAA 0.31%Kotak Mahindra Prime Ltd CRISIL AAA 0.31%Tata Capital Financial Services Ltd ICRA AA+ 0.31%Nabha Power Ltd ICRA AAA(SO) 0.31%LIC Housing Finance Limited CARE AAA 0.31%Tata Capital Housing Finance Ltd CRISIL AA+ 0.31%Housing Development Finance Corporation Limited CRISIL AAA 0.31%PNB Housing Finance Limited CARE AAA 0.31%LIC Housing Finance Limited CRISIL AAA 0.31%Rural Electrifi cation Corporation Limited CRISIL AAA 0.31%National Bank For Agriculture and Rural Development CRISIL AAA 0.30%Tata Power Company Limited ICRA AA 0.30%Indian Railway Finance Corp Ltd CRISIL AAA 0.30%Tata Capital Financial Services Ltd ICRA AA+ 0.30%Fullerton India Credit Co Ltd ICRA A1+ 0.29%Bajaj Finance Limited CRISIL AAA 0.25%Power Finance Corporation Limited CRISIL AAA 0.25%Rural Electrifi cation Corporation Limited CRISIL AAA 0.21%Rural Electrifi cation Corporation Limited CRISIL AAA 0.19%Rural Electrifi cation Corporation Limited CRISIL AAA 0.19%Power Grid Corporation of India Limited CRISIL AAA 0.19%National Bank For Agriculture and Rural Development CRISIL AAA 0.19%Rural Electrifi cation Corporation Limited CRISIL AAA 0.18%Tata Sons Ltd CRISIL AAA 0.18%9.20% Tamil Nadu SDL (MD 09/10/2018) SOV 0.16%Cholamandalam Investment and Finance Company Limited ICRA AA 0.14%Export Import Bank of India CRISIL AAA 0.13%LIC Housing Finance Limited CRISIL AAA 0.13%9.59% Uttar Pradesh SDL (MD 30/06/2018) SOV 0.13%Power Finance Corporation Limited CRISIL AAA 0.12%HDB Financial Services Ltd CARE AAA 0.12%Small Industries Dev Bank of India CARE AAA 0.12%Housing Development Finance Corporation Limited CRISIL AAA 0.12%Power Finance Corporation Limited CRISIL AAA 0.07%HDB Financial Services Ltd CRISIL AAA 0.06%Power Grid Corporation of India Limited CRISIL AAA 0.06%6.3550% Pay Fix & Rec Mibor (10/07/19) HDFCBK 0.001%6.5425% Pay Fix & Rec Mibor (04/07/20) HDFCBK 0.001%6.6675% Pay Fix & Rec Mibor (13/05/20) ICICIBK 0.00%6.67 Pay Fix & Rec Mibor (12/05/20) ICICISECPD 0.00%6.6725% Pay Fix & Rec Mibor (03/05/20) HDFCBK 0.00%6.70% Pay Fix & Rec Mibor (17/05/20) HDFCBK -0.001%


Birla Sun Life Enhanced Arbitrage FundAllocation as a % of Net Assets

Rating %RBL Bank Limited 8.31%Housing Development Finance Corporation Limited ICRA A1+ 3.54%Indiabulls Housing Finance Ltd 2.94%Yes Bank Limited 2.88%Maruti Suzuki India Ltd 2.81%Hero Fincorp Limited ICRA AA+ 2.64%IDFC Bank Limited ICRA AAA 2.60%L&T Finance Ltd CARE AA+ 2.24%ITC Ltd 2.24%Hero Fincorp Limited CRISIL A1+ 1.82%The Federal Bank Limited 1.81%Bharat Financial Inclusion Ltd 1.79%

Housing Development Finance Corporation Limited ICRA A1+ 1.79%The India Cements Limited 1.58%Infosys Ltd 1.56%Reliance Capital Ltd 1.55%JSW Steel Ltd 1.54%Hindustan Petroleum Corporation Ltd 1.44%Reliance Infrastructure Ltd 1.40%Sun TV Network Ltd 1.38%Asian Paints Ltd 1.33%Mahindra & Mahindra Ltd 1.31%Century Textiles & Industries Ltd 1.28%Larsen & Toubro Ltd 1.24%Aditya Birla Nuvo Ltd 1.24%Sun Pharmaceutical Industries Limited 1.13%Dewan Housing Finance Corporation Ltd 1.13%IDFC Ltd 1.06%ICICI Bank Ltd 1.05%Tata Steel Ltd 1.02%Power Grid Corporation of India Ltd 0.99%Tata Motors Ltd DVR Shares 0.98%Oil & Natural Gas Corporation Ltd 0.97%Hindalco Industries Ltd 0.96%IDFC Bank Ltd 0.94%L&T Finance Ltd CARE A1+ 0.91%Housing Development Finance Corporation Limited ICRA A1+ 0.91%Housing Development Finance Corporation Limited ICRA A1+ 0.91%Housing Development Finance Corporation Limited ICRA A1+ 0.90%Aurobindo Pharma Ltd 0.89%Dr Reddys Laboratories Ltd 0.86%IRB Infrastructure Developers Ltd 0.86%GMR Infrastructure Ltd 0.82%UPL Limited 0.76%Tata Global Beverages Ltd 0.75%NTPC Ltd 0.73%Apollo Tyres Ltd 0.72%BEML Ltd 0.69%Mahindra & Mahindra Financial Services Ltd 0.69%Jet Airways India Ltd 0.68%Jindal Steel and Power Ltd 0.67%The Karnataka Bank Ltd 0.66%Castrol India Ltd 0.66%United Spirits Ltd 0.66%Dish TV India Ltd 0.61%L&T Finance Holdings Ltd 0.60%JSW Energy Ltd 0.59%CESC Ltd 0.58%CG Power and Industrial Solutions Limited 0.57%State Bank of India 0.56%Ambuja Cements Ltd 0.55%Power Finance Corporation Ltd 0.54%NCC Ltd 0.54%Wockhardt Ltd 0.51%Engineers India Ltd 0.48%Apollo Hospital Enterprise Ltd 0.47%Equitas Holdings Limited 0.46%IFCI Ltd 0.44%Eicher Motors Ltd 0.40%Hindustan Zinc Ltd 0.38%Housing Development Finance Corpora-tion Ltd 0.38%Bharat Forge Ltd 0.36%Bharat Electronics Ltd 0.33%Reliance Power Ltd 0.32%Coal India Ltd 0.31%Tata Power Co Ltd 0.28%Adani Ports and Special Economic Zone Ltd 0.28%Bosch Ltd 0.26%Divis Laboratories Ltd 0.26%Tata Chemicals Ltd 0.25%Bata India Ltd 0.25%ACC Ltd 0.24%NMDC Ltd 0.23%Housing Development and Infrastructure Ltd 0.23%Yes Bank Ltd 0.22%Voltas Ltd 0.20%Lupin Ltd 0.19%Petronet LNG Ltd 0.19%Hindustan Unilever Ltd 0.16%Torrent Power Ltd 0.16%Sintex Industries Ltd 0.15%Indraprastha Gas Ltd 0.15%Tata Communications Ltd 0.15%Glenmark Pharmaceuticals Ltd 0.15%TV18 Broadcast Ltd 0.13%Zee Entertainment Enterprises Ltd 0.12%Andhra Bank 0.11%Interglobe Aviation Ltd 0.10%Strides Shasun Ltd 0.10%Max Financial Services Limited 0.09%Tech Mahindra Ltd 0.09%Arvind Ltd 0.09%LIC Housing Finance Ltd 0.08%Titan Company Limited 0.08%Shriram Transport Finance Company Ltd 0.08%Biocon Ltd 0.08%Mindtree Ltd 0.07%IDBI Bank Ltd 0.06%Indusind Bank Ltd 0.06%Jaiprakash Associates Ltd 0.06%Exide Industries Ltd 0.06%Bajaj Finance Ltd 0.06%Hexaware Technologies Ltd 0.06%Indo Count Industries Limited 0.05%Kotak Mahindra Bank Ltd 0.05%KPIT Technologies Limited 0.05%Indian Oil Corporation Ltd 0.05%Adani Power Ltd 0.05%Pidilite Industries Ltd 0.05%PC Jeweller Limited 0.05%Syndicate Bank 0.03%Bharat Heavy Electricals Ltd 0.03%Capital First Limited 0.02%Hero MotoCorp Ltd 0.02%Oracle Financial Services Software Ltd 0.02%

DCB Bank Limited 0.02%Motherson Sumi Systems Ltd 0.01%Ashok Leyland Ltd 0.00%ASHOKLEY_25/05/2017 0.00%MOTHERSUMI_25/05/2017 -0.01%DCBBANK_25/05/2017 -0.02%OFSS_25/05/2017 -0.02%HEROMOTOCO_25/05/2017 -0.02%CAPF_25/05/2017 -0.02%BHEL_25/05/2017 -0.03%SYNDIBANK_25/05/2017 -0.03%PCJEWELLER_25/05/2017 -0.05%PIDILITIND_25/05/2017 -0.05%IOC_25/05/2017 -0.05%ADANIPOWER_25/05/2017 -0.05%KPIT_25/05/2017 -0.05%KOTAKBANK_25/05/2017 -0.05%ICIL_25/05/2017 -0.05%HEXAWARE_25/05/2017 -0.06%BAJFINANCE_25/05/2017 -0.06%EXIDEIND_25/05/2017 -0.06%JPASSOCIAT_25/05/2017 -0.06%INDUSINDBK_25/05/2017 -0.06%IDBI_25/05/2017 -0.07%MINDTREE_25/05/2017 -0.07%BIOCON_25/05/2017 -0.08%SRTRANSFIN_25/05/2017 -0.08%TITAN_25/05/2017 -0.08%LICHSGFIN_25/05/2017 -0.08%ARVIND_25/05/2017 -0.09%TECHM_25/05/2017 -0.09%MFSL_25/05/2017 -0.09%STAR_25/05/2017 -0.10%INDIGO_25/05/2017 -0.10%ANDHRABANK_25/05/2017 -0.12%ZEEL_25/05/2017 -0.12%TV18BRDCST_25/05/2017 -0.13%GLENMARK_25/05/2017 -0.15%TATACOMM_25/05/2017 -0.15%IGL_25/05/2017 -0.16%SINTEX_25/05/2017 -0.16%TORNTPOWER_25/05/2017 -0.16%HINDUNILVR_25/05/2017 -0.16%PETRONET_25/05/2017 -0.19%LUPIN_25/05/2017 -0.19%VOLTAS_25/05/2017 -0.20%YESBANK_25/05/2017 -0.22%HDIL_25/05/2017 -0.23%NMDC_25/05/2017 -0.24%ACC_25/05/2017 -0.24%BATAINDIA_25/05/2017 -0.25%TATACHEM_25/05/2017 -0.25%DIVISLAB_25/05/2017 -0.26%BOSCHLTD_25/05/2017 -0.26%ADANIPORTS_25/05/2017 -0.28%TATAPOWER_25/05/2017 -0.28%COALINDIA_25/05/2017 -0.31%RPOWER_25/05/2017 -0.32%BEL_25/05/2017 -0.33%BHARATFORG_25/05/2017 -0.36%HDFC_25/05/2017 -0.38%HINDZINC_25/05/2017 -0.39%EICHERMOT_25/05/2017 -0.40%IFCI_25/05/2017 -0.45%EQUITAS_25/05/2017 -0.46%APOLLOHOSP_25/05/2017 -0.48%ENGINERSIN_25/05/2017 -0.48%WOCKPHARMA_25/05/2017 -0.51%NCC_25/05/2017 -0.54%PFC_25/05/2017 -0.54%AMBUJACEM_25/05/2017 -0.56%SBIN_25/05/2017 -0.56%CGPOWER_25/05/2017 -0.57%CESC_25/05/2017 -0.58%JSWENERGY_25/05/2017 -0.59%L&TFH_25/05/2017 -0.60%DISHTV_25/05/2017 -0.61%CASTROLIND_25/05/2017 -0.66%MCDOWELL-N_25/05/2017 -0.66%KTKBANK_25/05/2017 -0.67%JINDALSTEL_25/05/2017 -0.68%JETAIRWAYS_25/05/2017 -0.68%M&MFIN_25/05/2017 -0.69%BEML_25/05/2017 -0.69%APOLLOTYRE_25/05/2017 -0.72%NTPC_25/05/2017 -0.73%TATAGLOBAL_25/05/2017 -0.76%UPL_25/05/2017 -0.77%GMRINFRA_25/05/2017 -0.83%IRB_25/05/2017 -0.86%DRREDDY_25/05/2017 -0.87%AUROPHARMA_25/05/2017 -0.90%IDFCBANK_25/05/2017 -0.94%HINDALCO_25/05/2017 -0.96%ONGC_25/05/2017 -0.97%TATAMTRDVR_25/05/2017 -0.98%POWERGRID_25/05/2017 -0.99%TATASTEEL_25/05/2017 -1.02%ICICIBANK_25/05/2017 -1.06%IDFC_25/05/2017 -1.07%SUNPHARMA_25/05/2017 -1.13%DHFL_25/05/2017 -1.13%ABIRLANUVO_25/05/2017 -1.25%LT_25/05/2017 -1.25%CENTURYTEX_25/05/2017 -1.29%M&M_25/05/2017 -1.32%ASIANPAINT_25/05/2017 -1.33%SUNTV_25/05/2017 -1.39%RELINFRA_25/05/2017 -1.41%HINDPETRO_25/05/2017 -1.45%JSWSTEEL_25/05/2017 -1.55%RELCAPITAL_25/05/2017 -1.56%INFY_25/05/2017 -1.57%INDIACEM_25/05/2017 -1.58%BHARATFIN_25/05/2017 -1.81%FEDERALBNK_25/05/2017 -1.82%ITC_25/05/2017 -2.25%MARUTI_25/05/2017 -2.82%IBULHSGFIN_25/05/2017 -2.92%

70

Portfolio

Cash & Current Assets 3.24%Net receivables / payables 67.66%Total 100.00%

Birla Sun Life Short Term Fund


Rating %Housing Development Finance Corporation Limited CRISIL AAA 3.68%LIC Housing Finance Limited CRISIL AAA 3.01%Reliance Jio Infocomm Limited CRISIL AAA 2.74%7.68% GOI (MD 15/12/2023) SOV 2.50%Power Finance Corporation Limited CRISIL AAA 2.41%8.20% GOI (MD 15/02/2022) SOV 2.21%Small Industries Dev Bank of India CARE AAA 2.21%Bajaj Finance Limited IND AAA 2.13%Housing Development Finance Corporation Limited CRISIL AAA 1.79%7.49% Punjab SDL (MD 24/08/2021) SOV 1.50%National Bank For Agriculture and Rural Development CRISIL AAA 1.44%Tata Capital Financial Services Ltd CRISIL AA+ 1.42%Tata Sons Ltd CRISIL AAA 1.41%Mahindra & Mahindra Financial Services Limited IND AAA 1.40%Reliance Jio Infocomm Limited CRISIL AAA 1.36%Indiabulls Housing Finance Limited CARE AAA 1.34%Power Finance Corporation Limited CRISIL AAA 1.22%Housing Development Finance Corporation Limited CRISIL AAA 1.20%8.51% Gujarat SDL(MD 27/10/2020) SOV 1.17%8.15% GOI (MD 11/06/2022) SOV 1.15%ONGC Petro Additions Ltd CARE AAA(SO) 1.14%Vodafone Mobile Services Ltd IND AAA 1.14%Rural Electrifi cation Corporation Limited CRISIL AAA 1.13%Power Finance Corporation Limited CRISIL AAA 1.13%Housing Development Finance Corporation Limited CRISIL AAA 1.12%Power Grid Corporation of India Limited CRISIL AAA 1.00%Shriram Transport Finance Company Limited CRISIL AA+ 0.99%Vodafone Mobile Services Ltd IND AAA 0.99%Indiabulls Housing Finance Limited CARE AAA 0.99%Rural Electrifi cation Corporation Limited CRISIL AAA 0.96%Tata Capital Financial Services Ltd ICRA AA+ 0.96%8.21% Rajasthan UDAY BOND (MD 31/03/2022) SOV 0.95%Vodafone Mobile Services Ltd IND AAA 0.88%Dewan Housing Finance Corporation Limited CARE AAA 0.86%Reliance Ports and Terminals Ltd CRISIL AAA 0.86%Small Industries Dev Bank of India CARE AAA 0.86%Housing Development Finance Corporation Limited CRISIL AAA 0.85%National Bank For Agriculture and Rural Development CRISIL AAA 0.84%Hero Fincorp Limited ICRA AA+ 0.84%Housing Development Finance Corporation Limited CRISIL AAA 0.84%BMW India Fin'cial Servces CRISIL AAA 0.84%Power Finance Corporation Limited CRISIL AAA 0.82%8.69% Kerala SDL (MD 08/02/2022) SOV 0.80%Indiabulls Housing Finance Limited CARE AAA 0.76%Rural Electrifi cation Corporation Limited CRISIL AAA 0.73%Kotak Mahindra Prime Ltd CRISIL AAA 0.71%Housing Development Finance Corporation Limited CRISIL AAA 0.71%National Bank For Agriculture and Rural Development CRISIL AAA 0.70%Idea Cellular Limited CARE AA+ 0.70%Food Corporation Of India CRISIL AAA

(SO) 0.68%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 0.68%Power Grid Corporation of India Limited CRISIL AAA 0.67%Power Finance Corporation Limited CRISIL AAA 0.65%Food Corporation Of India CRISIL AAA(SO) 0.59%8.93% Punjab SDL (MD 23/07/19) SOV 0.58%Reliance Jio Infocomm Limited CRISIL AAA 0.58%Tata Capital Ltd CRISIL AA+ 0.57%Tata Motors Limited CARE AA+ 0.57%ICICI Home Finance Company Ltd ICRA AAA 0.56%6.3025% Pay Fix & Rec Mibor (08/09/2018) HDFCBK 0.56%HDB Financial Services Ltd CRISIL AAA 0.56%UltraTech Cement Limited CRISIL AAA 0.55%Tata Capital Housing Finance Ltd CRISIL AA+ 0.54%Power Finance Corporation Limited CRISIL AAA 0.54%Reliance Jio Infocomm Limited CRISIL AAA 0.51%8.52% Punjab SDL (MD 17/02/2021) SOV 0.51%Tata Sons Ltd CRISIL AAA 0.45%Power Finance Corporation Limited CRISIL AAA 0.45%8.95% Maharashtra SDL (MD 07/03/2022) SOV 0.45%8.53% Maharashtra SDL (MD 27/10/2020) SOV 0.44%LIC Housing Finance Limited CRISIL AAA 0.43%Rural Electrifi cation Corporation Limited CRISIL AAA 0.43%Reliance Jio Infocomm Limited CRISIL AAA 0.43%PNB Housing Finance Limited CARE AAA 0.42%8.15% Rajasthan UDAY BOND (MD 23/06/2021) SOV 0.41%Power Finance Corporation Limited CRISIL AAA 0.41%Powergrid Vizag Transmission Limited CRISIL AAA

(SO) 0.41%Tata Capital Financial Services Ltd ICRA AA+ 0.40%8.83% GOI (MD 25/11/2023) SOV 0.40%Power Grid Corporation of India Limited CRISIL AAA 0.39%Housing Development Finance Corporation Limited CRISIL AAA 0.37%Cholamandalam Investment and Finance Company Limited ICRA AA 0.37%IDFC Bank Limited ICRA AAA 0.36%Tata Capital Financial Services Ltd ICRA AA+ 0.36%IDFC Bank Limited ICRA AAA 0.36%Shriram Transport Finance Company Limited CRISIL AA+ 0.35%Tata Capital Housing Finance Ltd CRISIL AA+ 0.34%

Rural Electrifi cation Corporation Limited CRISIL AAA 0.31%8.79% GOI (MD 08/11/2021) SOV 0.30%8.39% Rajasthan UDAY BOND(MD 15/03/2022) SOV 0.29%8.32% Gujrat SDL (MD 04/08/2020) SOV 0.29%Rural Electrifi cation Corporation Limited CRISIL AAA 0.29%Small Industries Dev Bank of India CARE AAA 0.29%Housing Development Finance Corporation Limited CRISIL AAA 0.29%Tata Capital Ltd CRISIL AA+ 0.28%Power Finance Corporation Limited CRISIL AAA 0.28%National Bank For Agriculture and Rural Development CRISIL AAA 0.28%UltraTech Cement Limited CRISIL AAA 0.28%Kotak Mahindra Prime Ltd CRISIL AAA 0.28%LIC Housing Finance Limited CRISIL AAA 0.28%Bajaj Finance Limited CRISIL AAA 0.28%Indian Railway Finance Corp Ltd CRISIL AAA 0.28%HDB Financial Services Ltd CRISIL AAA 0.28%Rural Electrifi cation Corporation Limited CRISIL AAA 0.26%8.67% Andhra Pradesh SDL(MD 26/05/2021) SOV 0.26%8.42% Himachal Pradesh SDL (MD 16/03/2021) SOV 0.23%6.93% Punjab SDL (MD 22/12/2020) SOV 0.23%Power Finance Corporation Limited CRISIL AAA 0.22%8.39% MAHARASHTRA SDL (08/09/2020) SOV 0.22%Power Finance Corporation Limited CRISIL AAA 0.20%Indian Renewable Energy Development Agency Ltd. ICRA AAA 0.20%Cholamandalam Investment and Finance Company Limited ICRA AA 0.20%Cholamandalam Investment and Finance Company Limited ICRA AA 0.17%8.53% Assam SDL (MD 24/02/2020) SOV 0.17%8.40% Gujarat SDL (MD 24/11/2020) SOV 0.16%Hero Fincorp Limited ICRA AA+ 0.15%Power Grid Corporation of India Limited CRISIL AAA 0.15%8.78% Gujarat SDL (MD 21/12/2021) SOV 0.15%8.65% Karnataka SDL(MD 25/01/2022) SOV 0.15%8.60% Maharashtra SDL (MD 20/07/2021) SOV 0.15%8.53% Andhra Pradesh SDL (MD 19/01/2021) SOV 0.15%8.42% Maharashtra SDL (MD 25/08/2020) SOV 0.15%8.35% Gujarat SDL (MD 06/10/2020) SOV 0.15%8.38% Haryana SDL(MD 16/03/2021) SOV 0.15%8.38% Gujarat SDL (MD 05/01/2021) SOV 0.15%Export Import Bank of India CRISIL AAA 0.14%8.21% Haryana UDAY BOND (MD 31/03/2022) SOV 0.14%Power Finance Corporation Limited CARE AAA 0.14%National Bank For Agriculture and Rural Development CRISIL AAA 0.14%Housing Development Finance Corporation Limited CRISIL AAA 0.14%Housing Development Finance Corporation Limited CRISIL AAA 0.14%Cholamandalam Investment and Finance Company Limited ICRA AA 0.14%Housing Development Finance Corporation Limited CRISIL AAA 0.14%Shriram Transport Finance Company Limited CRISIL AA+ 0.14%Housing Development Finance Corporation Limited CRISIL AAA 0.14%Housing & Urban Development Corpn. Ltd. ICRA AAA 0.14%Cholamandalam Investment and Finance Company Limited ICRA AA 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%Tata Sons Ltd CRISIL AAA 0.14%8.38% Gujarat SDL (MD 22/09/2020) SOV 0.14%8.44% Rajasthan SDL (25/08/2020) SOV 0.12%National Bank For Agriculture and Rural Development CRISIL AAA 0.12%Power Finance Corporation Limited CRISIL AAA 0.11%8.08% Odisha SDL ( MD 11/03/2020) SOV 0.09%Power Grid Corporation of India Limited CRISIL AAA 0.09%Rural Electrifi cation Corporation Limited CRISIL AAA 0.09%Fullerton India Credit Co Ltd ICRA A1+ 0.08%LIC Housing Finance Limited CRISIL AAA 0.07%8.39% Punjab SDL (MD 05/01/2021) SOV 0.07%Tata Capital Financial Services Ltd ICRA AA+ 0.06%9.23% Rajasthan SDL (MD 23/11/2021) SOV 0.06%Export Import Bank of India CRISIL AAA 0.06%Rural Electrifi cation Corporation Limited CRISIL AAA 0.06%8.65% Kerala SDL (MD 09/01/2023) SOV 0.06%Power Grid Corporation of India Limited CRISIL AAA 0.06%8.68% Uttar Pradesh UDAY BOND (MD 10/03/2022) SOV 0.06%Power Grid Corporation of India Limited CRISIL AAA 0.06%8.39% Rajasthan SDL(MD 15/03/2021) SOV 0.06%HDB Financial Services Ltd CARE AAA 0.06%8.32% Uttar Pradesh SDL (MD 21/03/2020) SOV 0.05%Export Import Bank of India CRISIL AAA 0.03%Rural Electrifi cation Corporation Limited CRISIL AAA 0.03%Export Import Bank of India CRISIL AAA 0.03%8.99% Gujrat SDL (MD 14/03/2022) SOV 0.03%Power Grid Corporation of India Limited CRISIL AAA 0.03%8.97% Andhra Pradesh SDL (MD 07/03/2022) SOV 0.03%Power Grid Corporation of India Limited CRISIL AAA 0.03%8.92% Karnatka SDL (MD 07/03/2022) SOV 0.03%8.69% Karnatak SDL (MD 08/02/2022) SOV 0.03%8.72% Andhra Pradesh SDL (MD 11/01/2022) SOV 0.03%8.08% GOI (MD 02/08/2022) SOV 0.03%Power Finance Corporation Limited CRISIL AAA 0.03%8.44% Punjab SDL (MD 10/11/2020) SOV 0.03%8.12% GOI (MD 10/12/2020) SOV 0.03%8.43% Kerala SDL (MD 10/11/2020) SOV 0.03%8.35% Andhra Pradesh SDL (MD 22/12/2020) SOV 0.03%Power Finance Corporation Limited CRISIL AAA 0.03%GOI 7.94PCT 24/05/2021 SOV 0.03%8.37% Goa SDL (MD 06/10/2020) SOV 0.03%Power Finance Corporation Limited CRISIL AAA 0.03%Rural Electrifi cation Corporation Limited CRISIL AAA 0.03%7.80% GOI (MD 03/05/2020). SOV 0.03%

Power Finance Corporation Limited CRISIL AAA 0.03%Rural Electrifi cation Corporation Limited CRISIL AAA 0.03%Power Finance Corporation Limited CRISIL AAA 0.01%Rural Electrifi cation Corporation Limited CRISIL AAA 0.01%8.65% Haryana SDL(MD 11/05/2021) SOV 0.01%Rural Electrifi cation Corporation Limited CRISIL AAA 0.01%National Bank For Agriculture and Rural Development CRISIL AAA 0.004%6.3275% Pay Fix & Rec Mibor (14/09/2018) ICICIBK 0.003%REC_6.8 & PAY_FLOAT_02/05/2022 HSBCBK 0.00%REC_6.5175 & PAY_FLOAT_29/04/2019 HSBCBK 0.00%REC_6.795 & PAY_FLOAT_27/04/2022 HSBCBK 0.00%REC_6.73 & PAY_FLOAT_22/04/2022 HSBCBK -0.001%6.3025% Pay Fix & Rec Mibor (08/09/2018)HDFCBK -0.56%


Birla Sun Life Short Term Opportunities Fund


Rating %Dewan Housing Finance Corporation Limited CARE AAA 5.28%Idea Cellular Limited CARE AA+ 4.29%Reliance Ports and Terminals Ltd CRISIL AAA 4.25%Vedanta Limited CRISIL AA 3.59%Tata Motors Finance Ltd CRISIL AA 2.91%Power Finance Corporation Limited CRISIL AAA 2.68%Tata Motors Finance Solutions Ltd CRISIL AA 2.64%Tata Power Company Limited CARE AA 2.62%Indiabulls Housing Finance Limited CARE AAA 2.49%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 2.44%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 2.36%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 2.36%Tata Motors Limited CARE AA+ 2.31%Indian Railway Finance Corp Ltd CRISIL AAA 2.17%Power Finance Corporation Limited CRISIL AAA 2.16%Reliance Utilities & Power Pvt Ltd CRISIL AAA 2.04%Dewan Housing Finance Corporation Limited CARE AAA 1.87%Cholamandalam Investment and Finance Company Limited ICRA AA 1.84%TATA Realty & Infrastructure Ltd CRISIL AA 1.77%Housing Development Finance Corporation Limited CRISIL AAA 1.74%8.20% GOI (MD 15/02/2022) SOV 1.72%8.83% GOI (MD 25/11/2023) SOV 1.50%Indian Railway Finance Corp Ltd CRISIL AAA 1.33%Reliance Jio Infocomm Limited CRISIL AAA 1.31%Nirchem Cement Limited CRISIL AA 1.31%Union Bank of India IND AA 1.30%Indiabulls Housing Finance Limited CARE AAA 1.13%Cholamandalam Investment and Finance Company Limited ICRA AA 1.13%6.79% GOI (MD 26/12/2029) SOV 1.10%8.95% Maharashtra SDL (MD 07/03/2022) SOV 1.01%Tata Sons Ltd CRISIL AAA 0.96%Cholamandalam Investment and Finance Company Limited ICRA AA 0.93%Cholamandalam Investment and Finance Company Limited ICRA AA 0.92%8.25% Himachal Pradesh SDL(MD 20/01/2020) SOV 0.89%8.21% Haryana UDAY BOND(MD 31/03/2023) SOV 0.89%Reliance Jio Infocomm Limited CRISIL AAA 0.88%RKN Retail Pvt. Ltd IND A- 0.88%Cholamandalam Investment and Finance Company Limited ICRA AA 0.88%Bank of Baroda IND AA+ 0.87%Punjab National Bank IND AA+ 0.86%The Jammu & Kashmir Bank Limited IND AA 0.69%Power Grid Corporation of India Limited ICRA AAA 0.67%Reliance Ports and Terminals Ltd CRISIL AAA 0.60%Tata Motors Finance Ltd CRISIL AA 0.53%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.45%Cholamandalam Investment and Finance Company Limited ICRA AA 0.45%Cholamandalam Investment and Finance Company Limited ICRA AA 0.45%8.36% Gujarat SDL(MD 16/03/2021) SOV 0.45%Reliance Utilities & Power Pvt Ltd CRISIL AAA 0.45%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.44%Vodafone Mobile Services Ltd IND AAA 0.44%Power Finance Corporation Limited CRISIL AAA 0.44%Housing Development Finance Corporation Limited CRISIL AAA 0.44%Shriram Transport Finance Company Limited CRISIL AA+ 0.44%Indiabulls Housing Finance Limited CARE AAA 0.44%Rural Electrifi cation Corporation Limited CRISIL AAA 0.43%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.43%Power Finance Corporation Limited CRISIL AAA 0.43%Shriram Transport Finance Company Limited CRISIL AA+ 0.37%Oriental Bank of Commerce ICRA AA 0.36%Power Finance Corporation Limited CRISIL AAA 0.35%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.32%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.32%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.32%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.32%Cholamandalam Investment and Finance Company Limited ICRA AA 0.28%Cholamandalam Investment and Finance Company Limited ICRA AA 0.27%6.84% GOI (MD 19/12/2022) SOV 0.26%



Portfolio

Cholamandalam Investment and Finance Company Limited ICRA AA 0.25%Reliance Jio Infocomm Limited CRISIL AAA 0.18%Export Import Bank of India CRISIL AAA 0.18%Power Finance Corporation Limited CRISIL AAA 0.18%Power Finance Corporation Limited CRISIL AAA 0.17%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.15%IDBI Bank Limited ICRA AA- 0.09%Powergrid Vizag Transmission Limited CRISIL AAA

(SO) 0.09%NHPC Limited CARE AAA 0.09%Housing Development Finance Corporation Limited CRISIL AAA 0.09%Power Finance Corporation Limited CRISIL AAA 0.04%India Infradebt Ltd CRISIL AAA 0.04%Power Finance Corporation Limited CRISIL AAA 0.04%HDB Financial Services Ltd CRISIL AAA 0.03%Power Finance Corporation Limited CRISIL AAA 0.02%Rural Electrifi cation Corporation Limited CRISIL AAA 0.01%Cash & Current Assets 10.96%Total 100.00%

Birla Sun Life Treasury Optimizer PlanAllocation as a % of Net Assets

Rating %

8.83% GOI (MD 25/11/2023) SOV 8.98%6.79% GOI (MD 26/12/2029) SOV 6.02%Reliance Jio Infocomm Limited CRISIL AAA 3.08%National Bank For Agriculture and Rural Development CRISIL AAA 2.78%7.07% PUNJAB SDL(MD 28/12/2020) SOV 2.73%Indiabulls Housing Finance Limited CARE AAA 2.16%Reliance Jio Infocomm Limited CRISIL AAA 2.13%Bajaj Finance Limited CRISIL AAA 2.09%Power Finance Corporation Limited CRISIL AAA 1.88%Indian Railway Finance Corp Ltd CRISIL AAA 1.74%Dewan Housing Finance Corporation Limited CARE AAA 1.68%Indiabulls Housing Finance Limited CARE AAA 1.66%Reliance Utilities & Power Pvt Ltd CRISIL AAA 1.59%8.20% GOI (MD 15/02/2022) SOV 1.53%Cholamandalam Investment and Finance Company Limited ICRA AA 1.41%Tata Capital Financial Services Ltd CRISIL AA+ 1.40%Kotak Mahindra Investments Ltd CRISIL AAA 1.40%Aditya Birla Housing Finance Ltd. ICRA AA+ 1.39%Housing Development Finance Corporation Limited CRISIL AAA 1.39%LIC Housing Finance Limited CRISIL AAA 1.39%Tata Motors Finance Ltd CRISIL AA 1.34%LIC Housing Finance Limited CRISIL AAA 1.29%Power Finance Corporation Limited CRISIL AAA 1.26%Power Finance Corporation Limited CRISIL AAA 1.15%LIC Housing Finance Limited CRISIL AAA 1.05%Housing Development Finance Corporation Limited CRISIL AAA 1.04%Rural Electrifi cation Corporation Limited CRISIL AAA 1.01%8.51% Haryana SDL(MD 27/10/2020) SOV 0.95%Housing Development Finance Corporation Limited CRISIL AAA 0.86%Rural Electrifi cation Corporation Limited CRISIL AAA 0.86%Shriram Transport Finance Company Limited CRISIL AA+ 0.84%Power Finance Corporation Limited CRISIL AAA 0.79%Housing Development Finance Corporation Limited CRISIL AAA 0.77%

Food Corporation Of India CRISIL AAA (SO) 0.76%

8.60% GOI (MD 02/06/2028) SOV 0.75%Reliance Jio Infocomm Limited CRISIL AAA

(SO) 0.72%8.50% Punjab SDL(MD 27/10/2020) SOV 0.72%Tata Capital Financial Services Ltd CRISIL AA+ 0.72%Cholamandalam Investment and Finance Company Limited ICRA AA 0.70%National Bank For Agriculture and Rural Development CRISIL AAA 0.70%Reliance Jio Infocomm Limited CRISIL AAA 0.70%8.97% GOI (MD 05/12/2030) SOV 0.70%Indian Railway Finance Corp Ltd CRISIL AAA 0.70%PNB Housing Finance Limited CARE AAA 0.70%LIC Housing Finance Limited CRISIL AAA 0.70%Kotak Mahindra Prime Ltd CRISIL AAA 0.70%Tata Capital Financial Services Ltd ICRA AA+ 0.70%Power Grid Corporation of India Limited CRISIL AAA 0.69%HDB Financial Services Ltd CRISIL AAA 0.66%Powergrid Vizag Transmission Limited CRISIL AAA

(SO) 0.65%Tata Sons Ltd CRISIL AAA 0.56%Housing Development Finance Corporation Limited CRISIL AAA 0.55%Housing Development Finance Corporation Limited CRISIL AAA 0.50%LIC Housing Finance Limited CRISIL AAA 0.50%Nabha Power Ltd ICRA AAA(SO) 0.49%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.47%SP Jammu Udhampur Highway Ltd ICRA AAA(SO) 0.44%8.35% Gujarat SDL (MD 06/10/2020) SOV 0.43%8.39% Rajasthan UDAY BOND(MD 15/03/2022) SOV 0.43%Reliance Ports and Terminals Ltd CRISIL AAA 0.41%Cholamandalam Investment and Finance Company Limited ICRA AA 0.36%8.70% Uttar Pradesh SDL (MD 04/10/2020) SOV 0.36%8.37% Punjab SDL (MD 22/09/2020) SOV 0.36%Power Finance Corporation Limited CRISIL AAA 0.36%8.21% Haryana UDAY BOND (MD 31/03/2022) SOV 0.36%

LIC Housing Finance Limited CRISIL AAA 0.35%8.53% Maharashtra SDL (MD 27/10/2020) SOV 0.35%Vodafone Mobile Services Ltd IND AAA 0.35%LIC Housing Finance Limited CRISIL AAA 0.35%Power Finance Corporation Limited CRISIL AAA 0.35%Shriram Transport Finance Company Limited CRISIL AA+ 0.35%Bharat Petroleum Corporation Limited CRISIL AAA 0.35%7.64% Haryana SDL (MD 29/03/2027) SOV 0.35%Fullerton India Credit Co Ltd CARE AAA 0.35%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.32%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.32%9.15% GOI (MD 14/11/2024) SOV 0.31%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.30%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.29%7.80% Haryana SDL 2027 (MD 01/03/2027) SOV 0.29%Bajaj Finance Limited IND AAA 0.29%Power Finance Corporation Limited CARE AAA 0.28%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.28%Oriental Nagpur Betul Highway Limited CRISIL

AAA(SO) 0.26%

Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.26%

Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.26%

8.27% Tamil Nadu SDL (MD 12/08/2025) SOV 0.22%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.21%Power Grid Corporation of India Limited ICRA AAA 0.21%8.02% Tamilnadu UDAY BOND (MD 22/03/2025) SOV 0.21%Power Finance Corporation Limited CRISIL AAA 0.21%7.9% Tamilnadu UDAY BOND (MD 22/03/2027) SOV 0.21%7.91% Tamilnadu UDAY BOND (MD 22/03/2024) SOV 0.21%7.77% Kerala SDL (MD 01/03/2027) SOV 0.21%7.67% Tamilnadu UDAY BOND (MD 22/03/2023) SOV 0.21%IDFC Bank Limited ICRA AAA 0.21%7.68% Tamilnadu UDAY BOND (MD 22/03/2026) SOV 0.21%India Infradebt Ltd CRISIL AAA 0.19%8.40% Uttar Pradesh UDAY BOND (MD 10/03/2020) SOV 0.19%7.68% GOI (MD 15/12/2023) SOV 0.14%Power Finance Corporation Limited CRISIL AAA 0.14%Tata Motors Limited CARE AA+ 0.14%Tata Motors Finance Ltd CRISIL AA 0.08%8.33% GOI 2026 (M/D 09/07/2026) SOV 0.07%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 0.07%8.19% GOI (MD 16/01/2020) SOV 0.07%Rural Electrifi cation Corporation Limited CRISIL AAA 0.07%IOT Utkal Energy Services Limited CRISIL AAA

(SO) 0.06%

IOT Utkal Energy Services Limited CRISIL AAA (SO) 0.06%









Cholamandalam Investment and Finance Company Limited ICRA AA 0.06%











Rural Electrifi cation Corporation Limited CRISIL AAA 0.04%Nabha Power Ltd ICRA AAA(SO) 0.03%IOT Utkal Energy Services Limited CRISIL AAA

(SO) 0.03%7.75% Karnatak SDL (MD 01/03/2027) SOV 0.02%Essel Lucknow Raebareli Toll Roads Limited CARE AAA(SO) 0.02%7.61% GOI(MD 09/05/2030) SOV 0.01%7.59% GOI(MD 11/01/2026) SOV 0.003%REC_6.7925 & PAY_FLOAT_02/05/2022 HSBCBK 0.00%REC_6.7975 & PAY_FLOAT_02/05/2022 HSBCBK 0.00%

REC_6.8075 & PAY_FLOAT_02/05/2022 HSBCBK 0.00%REC_6.81 & PAY_FLOAT_02/05/2022 HSBCBK 0.00%REC_6.79 & PAY_FLOAT_27/04/2022 HSBCBK -0.001%REC_6.675 & PAY_FLOAT_20/04/2022 HSBCBK -0.004%


Birla Sun Life Medium Term PlanAllocation as a % of Net Assets

Rating %Piramal Finance Private Limited ICRA AA 5.31%Adani Transmission Limited IND AA+ 4.94%SP Imperial Star Private Limited CARE A 4.17%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 3.81%RKN Retail Pvt. Ltd IND A- 3.69%Sansar Trust IND AAA(SO) 2.72%RHC Holding Pvt Ltd CARE A(SO) 2.71%S.D. Corporation Pvt. Ltd ICRA AA(SO) 2.68%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 2.67%6.79% GOI (MD 26/12/2029) SOV 2.66%RKN Retail Pvt. Ltd IND A- 2.32%Relationships Properties Pvt Ltd CARE AA-(SO) 2.23%Adani Power Limited BWR AA-(SO) 2.12%Systemtrac Traders Private Limited ICRA AA-(SO) 2.01%Adani Power Limited BWR AA-(SO) 2.01%Tata Motors Finance Solutions Ltd CRISIL AA 1.99%IL&FS Tamil Nadu Power Company Limited ICRA A+(SO) 1.86%Indiabulls Properties Private Limited CARE AA-(SO) 1.79%Indiabulls Housing Finance Limited CARE AAA 1.72%IL & FS Education and Technology Services Ltd IND AA-(SO) 1.55%Writers & Publishers Pvt Ltd BWR AA-(SO) 1.46%Tata Motors Finance Ltd CRISIL AA 1.46%L&T Vadodara Bharuch Tollway Limited IND A 1.44%TATA Realty & Infrastructure Ltd CRISIL AA 1.42%Dewan Housing Finance Corporation Limited CARE AAA 1.28%ISTD Loan Trust IND AA+(SO) 1.25%MFL Securitisation Trust IND AAA(SO) 1.23%7.68% GOI (MD 15/12/2023) SOV 1.21%Dewan Housing Finance Corporation Limited CARE AAA 1.19%8.13% GOI (MD 22/06/2045) SOV 1.17%IDBI Bank Limited ICRA A 1.16%Mkhitaryan SBL IFMR Capital 2016 IND A+(SO) 1.08%Hero Realty Ltd ICRA A+(SO) 1.00%Indiabulls Housing Finance Limited CARE AAA 0.98%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 0.97%Bank of India BWR AA- 0.96%Tanglin Development Limited BWR A-(SO) 0.90%Sansar Trust CRISIL AAA

(SO) 0.87%Indiabulls Housing Finance Limited CARE AAA 0.85%IL&FS Tamil Nadu Power Company Limited ICRA A+(SO) 0.79%High Point Properties Private Limited ICRA AA(SO) 0.74%Tata Power Renewable Energy Ltd CARE AA 0.69%Millenia Realtors Private Limited UNRATED 0.69%Syndicate Bank CARE AA- 0.66%Coffee Day Enterprises Limited BWR AA-(SO) 0.60%Hero Realty Ltd UNRATED 0.59%Hinduja Leyland Finance Ltd CARE A+ 0.59%8.17% GOI (MD 01/12/2044) SOV 0.57%Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.53%Grand View Estates Pvt Ltd ICRA AA(SO) 0.50%SP Imperial Star Private Limited CARE AA+(SO) 0.49%Rural Electrifi cation Corporation Limited CRISIL AAA 0.49%Power Finance Corporation Limited CRISIL AAA 0.49%National Bank For Agriculture and Rural Development CRISIL AAA 0.49%Oriental Bank of Commerce IND A+ 0.40%Reliance Media Works Ltd CARE AA+ (SO) 0.39%Coffee Day Enterprises Limited BWR AA-(SO) 0.35%Indian Renewable Energy Development Agency Ltd. ICRA AAA 0.35%Syndicate Bank CARE AA- 0.34%Edelweiss Finance & Investments LTD ICRA AA 0.31%Edelweiss Retail Finance Ltd ICRA AA 0.31%Sansar Trust CRISIL AAA

(SO) 0.31%7.78% Bihar SDL (MD 01/03/2027) SOV 0.29%6.97% GOI (MD 06/09/2026) SOV 0.25%Housing Development Finance Corporation Limited CRISIL AAA 0.25%Indian Railway Finance Corp Ltd CRISIL AAA 0.24%Power Finance Corporation Limited CRISIL AAA 0.24%L & T Infrastructure Finance Co Ltd CARE A1+ 0.24%Power Finance Corporation Limited CRISIL AAA 0.20%Sansar Trust CRISIL AAA

(SO) 0.18%Shriram Transport Finance Company Limited IND AA+ 0.15%Housing Development Finance Corporation Limited CRISIL AAA 0.14%Vedanta Limited CRISIL AA 0.10%Pune Solapur Expressway Pvt Ltd ICRA A(SO) 0.05%8.20% GOI (MD 15/02/2022) SOV 0.05%7.61% GOI(MD 09/05/2030) SOV 0.02%LIC Housing Finance Limited CRISIL AAA 0.005%LIC Housing Finance Limited CRISIL AAA 0.003%Tata Housing Development Co Ltd ICRA AA 0.001%REC_6.7975 & PAY_FLOAT_02/05/2022 HSBCBK 0.00%REC_6.8075 & PAY_FLOAT_02/05/2022 HSBCBK 0.00%REC_6.8 & PAY_FLOAT_28/04/2022 HSBCBK 0.00%Cash & Current Assets 9.05%Total 100.00%

72

Portfolio

Birla Sun Life Corporate Bond FundAllocation as a % of Net Assets

Rating %SP Imperial Star Private Limited CARE A 8.48%IL&FS Tamil Nadu Power Company Limited ICRA A+(SO) 8.07%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 5.66%RKN Retail Pvt. Ltd IND A- 4.75%Adani Transmission Limited IND AA+ 4.22%Power Finance Corporation Limited CRISIL AAA 3.54%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 3.13%Systemtrac Traders Private Limited ICRA AA-(SO) 3.07%Sterlite Power Grid Ventures Ltd IND A 3.07%Adani Power Limited BWR AA-(SO) 2.55%High Point Properties Private Limited ICRA AA(SO) 2.39%Tata Capital Financial Services Ltd CRISIL AA+ 2.37%Pune Solapur Expressway Pvt Ltd ICRA A(SO) 2.36%Indian Railway Finance Corp Ltd CRISIL AAA 2.36%Writers & Publishers Pvt Ltd BWR AA-(SO) 2.35%L&T Vadodara Bharuch Tollway Limited IND A 2.34%Grand View Estates Pvt Ltd ICRA AA(SO) 1.92%Hero Realty Ltd UNRATED 1.91%Tanglin Development Limited BWR A-(SO) 1.45%S.D. Corporation Pvt. Ltd ICRA AA(SO) 1.44%Tata Power Renewable Energy Ltd CARE AA 1.43%IDBI Bank Limited ICRA A 1.41%Export Import Bank of India CRISIL AAA 1.25%Power Finance Corporation Limited CRISIL AAA 1.21%Coffee Day Enterprises Limited BWR AA-(SO) 1.21%IL & FS Education and Technology Services Ltd IND AA-(SO) 1.21%Mahindra & Mahindra Financial Services Limited IND AAA 1.19%Power Finance Corporation Limited CRISIL AAA 1.18%Indian Railway Finance Corp Ltd CRISIL AAA 1.18%The Jammu & Kashmir Bank Limited IND AA 1.18%Power Finance Corporation Limited CRISIL AAA 1.17%Millenia Realtors Private Limited UNRATED 1.11%Rural Electrifi cation Corporation Limited CRISIL AAA 0.94%Bank of India BWR AA- 0.79%Syndicate Bank CARE AA- 0.74%Power Finance Corporation Limited CRISIL AAA 0.72%JM Financial Credit Solution Limited ICRA AA 0.72%Reliance Ports and Terminals Ltd CRISIL AAA 0.69%Syndicate Bank CARE AA- 0.49%Oriental Bank of Commerce IND A+ 0.49%IL & FS Education and Technology Services Ltd IND AA-(SO) 0.36%

Food Corporation Of India CRISIL AAA (SO) 0.26%

Rural Electrifi cation Corporation Limited CARE AAA 0.24%NTPC Limited CRISIL AAA 0.003%REC_6.795 & PAY_FLOAT_02/05/2022 HDFCBK 0.00%REC_6.8025 & PAY_FLOAT_02/05/2022 ICICIBK 0.00%


Birla Sun Life Dynamic Bond FundAllocation as a % of Net Assets

Rating %8.13% GOI (MD 22/06/2045) SOV 40.06%8.17% GOI (MD 01/12/2044) SOV 15.33%6.79% GOI (MD 26/12/2029) SOV 7.02%Piramal Finance Private Limited ICRA AA 3.67%Tata Motors Finance Ltd CRISIL AA 2.94%Shriram Transport Finance Company Limited CRISIL AA+ 2.67%Indiabulls Housing Finance Limited CARE AAA 2.46%Edelweiss Commodities Services Ltd ICRA AA 2.37%Adani Power Limited BWR AA-(SO) 1.63%Edelweiss Finance & Investments LTD ICRA AA 1.18%Tata Motors Finance Solutions Ltd CRISIL AA 1.15%Indiabulls Housing Finance Limited CARE AAA 1.13%Indiabulls Properties Private Limited CARE AA-(SO) 1.09%Hinduja Leyland Finance Ltd CARE A+ 1.05%Shriram Transport Finance Company Limited CRISIL AA+ 0.95%Idea Cellular Limited CARE AA+ 0.93%Adani Power Limited BWR AA-(SO) 0.89%Reliance Ports and Terminals Ltd CRISIL AAA 0.77%Sansar Trust CRISIL AAA

(SO) 0.70%JM Financial Credit Solution Limited ICRA AA 0.68%ECL Finance Ltd ICRA AA 0.66%JM Financial Credit Solution Limited ICRA AA 0.65%Indiabulls Housing Finance Limited CARE AAA 0.58%Nirchem Cement Limited CRISIL AA 0.57%Bahadur Chand Investments Pvt Ltd ICRA AA 0.56%7.73% GOI (MD 19/12/2034) SOV 0.42%8.97% GOI (MD 05/12/2030) SOV 0.42%Adani Transmission Limited IND AA+ 0.42%Indiabulls Housing Finance Limited CARE AAA 0.39%7.78% Bihar SDL (MD 01/03/2027) SOV 0.38%National Bank For Agriculture and Rural Development CRISIL AAA 0.38%Sansar Trust IND AAA(SO) 0.33%Rural Electrifi cation Corporation Limited CRISIL AAA 0.31%Rural Electrifi cation Corporation Limited CRISIL AAA 0.19%Adani Transmission Limited IND AA+ 0.08%7.68% GOI (MD 15/12/2023) SOV 0.08%7.72% GOI (MD 26/10/2055) SOV 0.08%8.01% Telangana UDAY BOND (MD 07/03/2025) SOV 0.08%7.87% Telangana UDAY BOND (MD 07/03/2024) SOV 0.08%7.76% Madhya Pradesh SDL (MD 01/03/2027) SOV 0.08%Power Grid Corporation of India Limited CRISIL AAA 0.04%Power Finance Corporation Limited CRISIL AAA 0.04%6.97% GOI (MD 06/09/2026) SOV 0.04%7.29% West Bengal SDL (MD 28/12/2026) SOV 0.03%7.96% Gujarat SDL (14/10/2025) SOV 0.03%

8.15% GOI (MD 24/11/2026) SOV 0.02%Syndicate Bank CARE AA- 0.02%8.35% GOI (MD 14/05/2022) SOV 0.01%9.20% GOI (MD 30/09/2030) SOV 0.01%Rural Electrifi cation Corporation Limited CRISIL AAA 0.01%9.40% Madhya Pradesh SDL (MD 30/01/2024) SOV 0.01%7.35% GOI (MD 22/06/2024) SOV 0.004%9.23% GOI (MD 23/12/2043) SOV 0.003%8.33% GOI 2036 (07/06/2036) SOV 0.002%7.96% Maharashtra SDL (14/10/2025) SOV 0.002%7.88% GOI (MD 19/03/2030) SOV 0.00%REC_6.82 & PAY_FLOAT_02/05/2022 HSBCBK 0.00%


Birla Sun Life Income PlusAllocation as a % of Net Assets

Rating %6.79% GOI (MD 26/12/2029) SOV 28.35%7.73% GOI (MD 19/12/2034) SOV 10.30%8.17% GOI (MD 01/12/2044) SOV 7.63%6.84% GOI (MD 19/12/2022) SOV 5.68%Reliance Ports and Terminals Ltd CRISIL AAA 5.04%National Bank For Agriculture and Rural Development CRISIL AAA 4.94%7.78% Bihar SDL (MD 01/03/2027) SOV 4.18%7.92% West Bangal SDL (MD 15/03/2027) SOV 3.48%NTPC Limited CRISIL AAA 2.61%Power Finance Corporation Limited CRISIL AAA 2.47%National Bank For Agriculture and Rural Development CRISIL AAA 2.43%7.94% Jharkhand SDL (MD 15/03/2027) SOV 1.74%7.62% Tamilnadu SDL (MD 29/03/2027) SOV 1.29%7.64% Haryana SDL (MD 29/03/2027) SOV 0.73%National Bank For Agriculture and Rural Development CRISIL AAA 0.73%7.88% Andhra Pradesh SDL (MD 15/03/2027) SOV 0.59%8.04% Maharashtra SDL (MD 25/02/2025) SOV 0.50%7.89% Harayana SDL (MD 15/03/2027) SOV 0.50%7.64% Uttar Pradesh SDL (MD 29/03/2027) SOV 0.49%8.21% Haryana UDAY BOND(MD 31/03/2023) SOV 0.40%9.23% GOI (MD 23/12/2043) SOV 0.29%8.25% Madhya Pradesh UDAY BOND (MD 22/03/2028) SOV 0.25%8.06% Madhya Pradesh UDAY BOND (MD 22/03/2031) SOV 0.25%8.05% Madhya Pradesh UDAY BOND (MD 22/03/2029) SOV 0.25%8.02% Madhya Pradesh UDAY BOND (MD 22/03/2030) SOV 0.25%8.03% Madhya Pradesh UDAY BOND (MD 22/03/2025) SOV 0.25%7.93% Madhya Pradesh UDAY BOND (MD 22/03/2032) SOV 0.25%7.92% Madhya Pradesh UDAY BOND (MD 22/03/2024) SOV 0.25%7.91% Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV 0.25%7.68% Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV 0.25%7.69% Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV 0.24%9.56% Maharashtra SDL (MD 28/08/2023) SOV 0.05%6.28% Pay Fix & Rec Mibor (30/12/21) HSBCBK 0.05%9.45% Rahasthan SDL (MD 26/03/2024) SOV 0.05%7.59% GOI(MD 11/01/2026) SOV 0.03%6.62% GOI (MD 28/11/2051) SOV 0.03%6.57% GOI (MD 05/12/2033) SOV 0.02%8.51% Punjab SDL (MD 10/04/2023) SOV 0.01%7.88% Chattisgarh SDL (MD 15/03/2027) SOV 0.01%8.64% Jharkhand SDL (MD 06/03/2023) SOV 0.01%6.4225% Pay Fix & Rec Mibor (12/07/19) ICICIBK 0.01%Cash & Current Assets 12.85%Total Net Assets 100.00%

Birla Sun Life Constant Maturity 10 Year Gilt Fund (erstwhile Birla Sun Life Gilt

Plus – Regular Plan) Allocation as a % of Net Assets

Rating %7.59% GOI(MD 11/01/2026) SOV 88.20%8.40% GOI (MD 28/07/2024) SOV 1.82%Cash & Current Assets 9.99%Total 100.00%

Birla Sun Life Government Securities Fund - Long Term Plan


Rating %6.79% GOI (MD 26/12/2029) SOV 55.48%7.59% GOI(MD 11/01/2026) SOV 31.76%7.68% GOI (MD 15/12/2023) SOV 4.39%7.61% GOI(MD 09/05/2030) SOV 2.63%7.98% Telangana UDAY BOND (MD 07/03/2030) SOV 0.87%

7.81% Telangana UDAY BOND (MD 07/03/2027) SOV 0.85%6.28% Pay Fix & Rec Mibor (30/12/21) ICICIBK 0.17%6.58% Pay Fix & Rec Mibor (06/04/21) ICICISEC 0.04%6.38% Pay Fix & Rec Mibor (01/08/19) HSBCBK 0.03%6.3825% Pay Fix & Rec Mibor (01/08/19) HDFCBK 0.02%8.30% GOI (MD 02/07/2040) SOV 0.001%Cash & Current Assets 3.76%Total 100.00%

Birla Sun Life Gilt Plus - PF PlanAllocation as a % of Net Assets

Rating %6.79% GOI (MD 26/12/2029) SOV 41.35%8.17% GOI (MD 01/12/2044) SOV 6.86%7.73% GOI (MD 19/12/2034) SOV 6.61%7.89% Harayana SDL (MD 15/03/2027) SOV 19.57%8.08% Telangana UDAY BOND (MD 22/03/2031) SOV 13.22%Cash & Current Assets 12.39%Total 100.00%

Birla Sun Life Active Debt Multi Manager FoF Scheme


%Birla Sun Life Short Term Fund Grwth - Direct Plan 46.54%IDFC Dynamic Bond Fund-Direct Plan-Growth 31.48%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 21.39%Cash & Current Assets 0.77%Net receivables / payables -0.17%Total 100.00%

Birla Sun Life Financial Planning FOF - Conservative Plan

Birla Sun Life Cash Plus - Growth - Direct Plan 38.61%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 16.20%IDFC Dynamic Bond Fund-Direct Plan-Growth 7.65%Kotak MF Gold ETF 6.80%MOSt Focused Multicap 35-Direct Plan-Growth Option 6.60%Birla Sun Life Advantage Fund - Gr - Dir Pl 6.11%Reliance ETF Gold BeES 5.97%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 4.64%SBI Blue Chip Fund-Direct Plan -Growth 2.06%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 1.71%Cash & Current Assets 7.72%Net receivables / payables -4.07%Total 100.00%

Birla Sun Life Financial Planning FOF - Prudent Plan

Birla Sun Life Cash Plus - Growth - Direct Plan 26.56%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 12.20%MOSt Focused Multicap 35-Direct Plan-Growth Option 10.84%

Birla Sun Life Advantage Fund - Gr - Dir Pl 9.40%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 8.70%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 6.98%

SBI Blue Chip Fund-Direct Plan -Growth 6.35%Birla Sun Life Short Term Fund Grwth - Direct Plan 4.96%IDFC Dynamic Bond Fund-Direct Plan-Growth 4.52%

Reliance ETF Gold BeES 4.50%Kotak MF Gold ETF 4.27%Cash & Current Assets 1.14%Net receivables / payables -0.41%Total 100.00%



Portfolio

Regular Income Solutions

Birla Sun Life MIP II - Savings 5 PlanAllocation as a % of Net Assets

Rating %SP Imperial Star Private Limited CARE A 8.82%RKN Retail Pvt. Ltd IND A- 8.69%Vodafone Mobile Services Ltd IND AAA 8.64%IL&FS Tamil Nadu Power Company Limited ICRA A+(SO) 8.61%Indiabulls Real Estate Limited CARE A1+ 8.58%L & T Infrastructure Finance Co Ltd CARE A1+ 8.34%IDBI Bank Limited CRISIL A 7.05%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 6.95%Sterlite Power Grid Ventures Ltd IND A 6.88%Housing Development Finance Corporation Limited CRISIL AAA 5.22%

JSW Energy Limited CARE AA- 5.19%Housing Development Finance Corporation Limited CRISIL AAA 3.55%

JSW Energy Limited CARE AA- 3.46%Rural Electrifi cation Corporation Limited CRISIL AAA 3.39%IDBI Bank Limited ICRA A 1.70%Yes Bank Limited ICRA AA+ 1.11%9.41% Kerala SDL (MD 30/01/2024) SOV 0.19%8.62% Tamil Nadu SDL (MD 20/02/2023) SOV 0.04%Cash & Current Assets 3.58%Total 100.00%

Birla Sun Life MIPAllocation as a % of Net Assets

Rating %7.59% GOI(MD 11/01/2026) SOV 15.56%6.79% GOI (MD 26/12/2029) SOV 14.64%7.61% GOI(MD 09/05/2030) SOV 10.31%SP Imperial Star Private Limited CARE A 10.30%RKN Retail Pvt. Ltd IND A- 10.15%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 10.14%IL&FS Tamil Nadu Power Company Limited ICRA A+(SO) 10.06%IDBI Bank Limited CRISIL A 7.84%Sterlite Power Grid Ventures Ltd IND A 5.02%6.90% GOI (MD 13/07/2019) SOV 3.07%Power Finance Corporation Limited CRISIL AAA 0.53%NTPC Limited CRISIL AAA 0.01%Cash & Current Assets 2.39%Total 100.00%

Birla Sun Life Monthly IncomeAllocation as a % of Net Assets

Rating %SP Imperial Star Private Limited CARE A 9.72%RKN Retail Pvt. Ltd IND A- 9.57%Wadhawan Global Capital Pvt Ltd CARE AAA(SO) 9.54%JSW Energy Limited CARE AA- 9.53%IL&FS Tamil Nadu Power Company Limited ICRA A+(SO) 9.48%L & T Infrastructure Finance Co Ltd CARE A1+ 9.19%Housing Development Finance Corporation Limited CRISIL AAA 3.83%Sterlite Power Grid Ventures Ltd IND A 3.79%Indiabulls Real Estate Limited CARE A1+ 3.78%IDBI Bank Limited CRISIL A 2.96%Power Grid Corporation of India Limited CRISIL AAA 0.96%Power Finance Corporation Limited CRISIL AAA 0.28%Magnasound (I) Ltd 0.00%Cash & Current Assets 27.39%Total 100.00%

Birla Sun Life MIP II - Wealth 25 PlanAllocation as a % of Net Assets

Rating %6.79% GOI (MD 26/12/2029) SOV 13.93%7.61% GOI(MD 09/05/2030) SOV 8.04%8.13% GOI (MD 22/06/2045) SOV 5.18%Tata Capital Financial Services Ltd CRISIL AA+ 4.22%Tata Capital Financial Services Ltd CRISIL AA+ 4.22%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 3.22%Yes Bank Ltd 2.40%Eicher Motors Ltd 2.06%Natco Pharma Ltd 1.89%Hindustan Petroleum Corporation Ltd 1.80%8.20% GOI (MD 15/02/2022) SOV 1.76%8.26% Maharashtra SDL(MD 23/12/2025) SOV 1.45%8.27% Karnataka SDL(MD 23/12/2025) SOV 1.45%Bharat Aluminium Co Ltd. CRISIL AA- 1.40%Union Bank of India IND AA 1.40%8.17% GOI (MD 01/12/2044) SOV 1.32%Bajaj Finserv Ltd 1.27%Bajaj Finance Ltd 1.15%Repco Home Finance Ltd 1.14%Dalmia Bharat Limited 1.13%Vedanta Ltd 1.12%Maruti Suzuki India Ltd 1.10%8.79% GOI (MD 08/11/2021) SOV 0.90%L&T Finance Holdings Ltd 0.88%

Berger Paints India Ltd 0.76%PNB Housing Finance Limited 0.75%Capital First Limited 0.70%Indraprastha Gas Ltd 0.66%K.P.R. Mill Limited 0.66%Bharat Financial Inclusion Ltd 0.63%V-Guard Industries Limited 0.61%Bank of India BWR AA- 0.59%8.59% Andhra pradesh SDL (MD 23/01/2023) SOV 0.59%8.27% Telangana UDAY BOND (MD 22/03/2028) SOV 0.58%Rural Electrifi cation Corporation Limited CRISIL AAA 0.58%8.07% Telangana UDAY BOND (MD 22/03/2029) SOV 0.58%8.04% Telangana UDAY BOND (MD 22/03/2030) SOV 0.57%7.95% Telangana UDAY BOND (MD 22/03/2032) SOV 0.57%8.05% Telangana UDAY BOND (MD 22/03/2025) SOV 0.57%7.93% Telangana UDAY BOND (MD 22/03/2027) SOV 0.57%7.94% Telangana UDAY BOND (MD 22/03/2024) SOV 0.57%7.7% Telangana UDAY BOND (MD 22/03/2023) SOV 0.56%7.71% Telangana UDAY BOND (MD 22/03/2026) SOV 0.56%IDBI Bank Limited ICRA A 0.56%Tata Sons Ltd CRISIL AAA 0.56%Bharat Electronics Ltd 0.49%Orient Cement Ltd 0.49%Voltas Ltd 0.49%Equitas Holdings Limited 0.46%Hindalco Industries Ltd 0.45%IDBI Bank Limited CRISIL A 0.44%Yes Bank Limited ICRA AA+ 0.42%V-Mart Retail Limited 0.37%7.68% GOI (MD 15/12/2023) SOV 0.36%AIA Engineering Ltd 0.35%Kalpataru Power Transmission Ltd 0.34%Emami Ltd 0.32%9.20% GOI (MD 30/09/2030) SOV 0.32%Bayer Cropscience Ltd 0.32%PI Industries Ltd 0.31%Narayana Hrudayalaya Limited 0.30%Spicejet Ltd 0.30%VA Tech Wabag Ltd 0.30%Hindustan Zinc Ltd 0.30%8.35% GOI (MD 14/05/2022) SOV 0.30%8.12% GOI (MD 10/12/2020) SOV 0.29%Power Finance Corporation Limited CRISIL AAA 0.29%Bharat Petroleum Corp Ltd 0.28%7.59% GOI (MD 20/03/2029) SOV 0.28%UPL Limited 0.27%9.23% GOI (MD 23/12/2043) SOV 0.27%Kaveri Seed Company Ltd 0.25%MRF Ltd 0.22%Cummins India Ltd 0.21%Advanced Enzyme Technologies Limited 0.20%Godrej Consumer Products Ltd 0.20%Mahanagar Gas Limited 0.20%Bosch Ltd 0.19%Cholamandalam Investment and Finance Company Ltd 0.19%GE T&D India Limited 0.17%Johnson Controls–Hitachi Air Conditioning India Lt 0.17%Pidilite Industries Ltd 0.16%Jindal Steel and Power Ltd 0.14%TeamLease Services Limited 0.14%J.Kumar Infraprojects Ltd 0.11%Whirlpool of India Ltd 0.10%Astra Microwave Products Ltd 0.09%Ramkrishna Forgings Ltd 0.08%BSE Limited 0.06%IDBI Bank Limited ICRA AA- 0.05%Yes Bank Limited ICRA AA+ 0.04%8.08% Telangana UDAY BOND (MD 22/03/2031) SOV 0.002%


74

Portfolio

Tax Savings Solutions

Birla Sun Life Tax Relief ‘96


%

Sundaram Clayton Ltd 8.65%Bayer Cropscience Ltd 5.67%Honeywell Automation India Ltd 5.17%Gillette India Ltd 4.14%ICRA Ltd 3.98%Johnson Controls–Hitachi Air Conditioning India Lt 3.85%MRF Ltd 3.31%Kotak Mahindra Bank Ltd 3.31%Bosch Ltd 3.15%Pfi zer Ltd 2.98%Thomas Cook India Ltd 2.97%Glaxosmithkline Pharmaceuticals Ltd 2.89%Biocon Ltd 2.85%Zee Entertainment Enterprises Ltd 2.74%Reliance Industries Ltd 2.62%Shoppers Stop Ltd 2.30%Indusind Bank Ltd 2.22%Jet Airways India Ltd 2.17%Yes Bank Ltd 2.15%Maruti Suzuki India Ltd 2.06%HDFC Bank Ltd 1.94%Century Textiles & Industries Ltd 1.94%Housing Development Finance Corporation Ltd 1.90%Shree Cement Ltd 1.90%Grasim Industries Ltd 1.75%Larsen & Toubro Ltd 1.65%ICICI Bank Ltd 1.56%Tata Consultancy Services Ltd 1.46%Capital First Limited 1.44%Cummins India Ltd 1.25%Axis Bank Ltd 1.22%Procter & Gamble Hygiene and Health Care Ltd 1.18%Bata India Ltd 1.09%Hindustan Unilever Ltd 1.05%Tata Motors Ltd 1.04%Kansai Nerolac Paints Ltd 1.01%HCL Technologies Ltd 0.78%Sun Pharmaceutical Industries Limited 0.69%Infosys Ltd 0.68%ITC Ltd 0.55%IDFC Bank Ltd 0.43%Tech Mahindra Ltd 0.43%Bharat Financial Inclusion Ltd 0.40%Vedanta Ltd 0.38%Hindalco Industries Ltd 0.35%Mahindra & Mahindra Ltd 0.32%Ashok Leyland Ltd 0.30%Container Corporation of India Ltd 0.27%IDFC Ltd 0.21%Bharat Bijlee Ltd 0.12%United Breweries (Holdings) Limited 0.12%Magnasound (I) Ltd 0.00%Cash & Current Assets 1.64%Net receivables / payables -0.20%Total 100.00%

Birla Sun Life Tax Plan


%

Sundaram Clayton Ltd 8.96%Bayer Cropscience Ltd 5.68%Honeywell Automation India Ltd 5.15%Gillette India Ltd 4.12%ICRA Ltd 3.98%Johnson Controls–Hitachi Air Conditioning India Lt 3.84%MRF Ltd 3.36%Kotak Mahindra Bank Ltd 3.33%Bosch Ltd 3.16%Pfi zer Ltd 2.98%Thomas Cook India Ltd 2.97%Glaxosmithkline Pharmaceuticals Ltd 2.88%Biocon Ltd 2.87%Zee Entertainment Enterprises Ltd 2.76%Reliance Industries Ltd 2.73%Shoppers Stop Ltd 2.30%Indusind Bank Ltd 2.23%Jet Airways India Ltd 2.17%Yes Bank Ltd 2.17%Maruti Suzuki India Ltd 2.06%Century Textiles & Industries Ltd 1.98%HDFC Bank Ltd 1.95%Housing Development Finance Corporation Ltd 1.92%Shree Cement Ltd 1.91%Grasim Industries Ltd 1.83%Larsen & Toubro Ltd 1.66%ICICI Bank Ltd 1.56%Tata Consultancy Services Ltd 1.47%Capital First Limited 1.44%Cummins India Ltd 1.27%Axis Bank Ltd 1.22%Procter & Gamble Hygiene and Health Care Ltd 1.19%

Bata India Ltd 1.09%Hindustan Unilever Ltd 1.07%Tata Motors Ltd 1.04%Kansai Nerolac Paints Ltd 1.02%HCL Technologies Ltd 0.78%Sun Pharmaceutical Industries Limited 0.70%Infosys Ltd 0.68%ITC Ltd 0.55%Tech Mahindra Ltd 0.45%IDFC Bank Ltd 0.44%Bharat Financial Inclusion Ltd 0.40%Vedanta Ltd 0.38%Hindalco Industries Ltd 0.36%Mahindra & Mahindra Ltd 0.33%Ashok Leyland Ltd 0.30%Container Corporation of India Ltd 0.27%IDFC Ltd 0.21%United Breweries (Holdings) Limited 0.11%Bharat Bijlee Ltd 0.11%Magnasound (I) Ltd 0.00%Cash & Current Assets 0.89%Net receivables / payables -0.27%Total 100.00%

Birla Sun Life Tax Savings Fund


%

Sundaram Clayton Ltd 8.84%Bayer Cropscience Ltd 5.50%Honeywell Automation India Ltd 5.15%Gillette India Ltd 3.87%ICRA Ltd 3.71%Johnson Controls–Hitachi Air Conditioning India Lt 3.66%MRF Ltd 3.40%Kotak Mahindra Bank Ltd 3.39%Bosch Ltd 2.95%Biocon Ltd 2.92%Thomas Cook India Ltd 2.85%Pfi zer Ltd 2.83%Zee Entertainment Enterprises Ltd 2.81%Reliance Industries Ltd 2.68%Glaxosmithkline Pharmaceuticals Ltd 2.65%Indusind Bank Ltd 2.27%Shoppers Stop Ltd 2.21%Yes Bank Ltd 2.20%Jet Airways India Ltd 2.19%HDFC Bank Ltd 1.99%Century Textiles & Industries Ltd 1.98%Housing Development Finance Corporation Ltd 1.95%Shree Cement Ltd 1.94%Grasim Industries Ltd 1.80%Maruti Suzuki India Ltd 1.77%Larsen & Toubro Ltd 1.69%ICICI Bank Ltd 1.60%Tata Consultancy Services Ltd 1.49%Capital First Limited 1.48%Cummins India Ltd 1.28%Axis Bank Ltd 1.24%Tata Motors Ltd 1.06%Bata India Ltd 1.04%Kansai Nerolac Paints Ltd 0.96%Procter & Gamble Hygiene and Health Care Ltd 0.90%Hindustan Unilever Ltd 0.83%HCL Technologies Ltd 0.80%Sun Pharmaceutical Industries Limited 0.71%Infosys Ltd 0.70%ITC Ltd 0.56%IDFC Bank Ltd 0.45%Tech Mahindra Ltd 0.44%Bharat Financial Inclusion Ltd 0.41%Vedanta Ltd 0.39%Hindalco Industries Ltd 0.36%Mahindra & Mahindra Ltd 0.33%Ashok Leyland Ltd 0.30%Container Corporation of India Ltd 0.28%IDFC Ltd 0.24%Bharat Bijlee Ltd 0.13%United Breweries (Holdings) Limited 0.12%Cash & Current Assets 3.45%Net receivables / payables -0.74%Total 100.00%

75

Portfolio



Wealth Creation Solutions

Birla Sun Life Equity Savings Fund


Rating %

LIC Housing Finance Ltd 5.75%Tata Motors Finance Ltd ICRA A1+ 4.80%8.15% GOI (MD 24/11/2026) SOV 4.10%Yes Bank Ltd 3.64%Axis Bank Ltd 3.41%9.20% GOI (MD 30/09/2030) SOV 3.32%State Bank of India 3.15%Eicher Motors Ltd 2.91%Housing Development Finance Corporation Ltd 2.69%

Larsen & Toubro Ltd 2.29%Natco Pharma Ltd 2.22%Hindustan Petroleum Corporation Ltd 2.16%Indian Oil Corporation Ltd 2.13%Repco Home Finance Ltd 1.85%HDFC Bank Ltd 1.80%Asian Paints Ltd 1.80%Oil & Natural Gas Corporation Ltd 1.63%Dalmia Bharat Limited 1.62%ITC Ltd 1.62%Apollo Hospital Enterprise Ltd 1.39%Hindalco Industries Ltd 1.35%Aditya Birla Nuvo Ltd 1.26%Bajaj Finance Ltd 1.24%Berger Paints India Ltd 1.23%Sun Pharmaceutical Industries Limited 1.13%Equitas Holdings Limited 1.12%L&T Finance Holdings Ltd 1.07%8.17% GOI (MD 01/12/2044) SOV 1.04%Maruti Suzuki India Ltd 1.00%V-Guard Industries Limited 0.94%TVS Motor Company Ltd 0.87%Bajaj Finserv Ltd 0.83%Capital First Limited 0.81%Reliance Industries Ltd 0.75%Godrej Consumer Products Ltd 0.68%Wabco India Ltd 0.65%Voltas Ltd 0.64%Bharat Forge Ltd 0.61%Lupin Ltd 0.61%Indusind Bank Ltd 0.60%AIA Engineering Ltd 0.59%Emami Ltd 0.59%PNB Housing Finance Limited 0.54%Orient Cement Ltd 0.45%Bosch Ltd 0.45%NCC Ltd 0.44%K.P.R. Mill Limited 0.42%VA Tech Wabag Ltd 0.40%Gulf Oil Lubricants India Ltd 0.39%Kaveri Seed Company Ltd 0.38%Bayer Cropscience Ltd 0.37%Aurobindo Pharma Ltd 0.33%Tata Chemicals Ltd 0.33%Page Industries Ltd 0.30%Cyient Limited 0.30%Torrent Pharmaceuticals Ltd 0.28%GE T&D India Limited 0.27%Havells India Ltd 0.26%Kalpataru Power Transmission Ltd 0.26%Siemens Ltd 0.26%MRF Ltd 0.25%Narayana Hrudayalaya Limited 0.24%V-Mart Retail Limited 0.24%PI Industries Ltd 0.24%Cummins India Ltd 0.23%Coal India Ltd 0.21%Atul Auto Limited 0.20%Tata Motors Ltd 0.19%NMDC Ltd 0.18%Glenmark Pharmaceuticals Ltd 0.17%Pidilite Industries Ltd 0.16%The Federal Bank Limited 0.14%ICICI Bank Ltd 0.12%Whirlpool of India Ltd 0.12%NTPC Ltd 0.12%HCL Technologies Ltd 0.10%JK Cements Ltd 0.10%The South Indian Bank Ltd 0.08%Raymond Ltd 0.08%Castrol India Ltd 0.07%IDFC Bank Ltd 0.07%IDFC Ltd 0.06%UPL Limited 0.06%Oracle Financial Services Software Ltd 0.05%CASTROLIND_25/05/2017 -0.07%NTPC_25/05/2017 -0.12%NMDC_25/05/2017 -0.18%TATAMOTORS_25/05/2017 -0.19%L&TFH_25/05/2017 -0.20%COALINDIA_25/05/2017 -0.21%TATACHEM_25/05/2017 -0.33%

AUROPHARMA_25/05/2017 -0.33%NCC_25/05/2017 -0.45%LUPIN_25/05/2017 -0.47%BHARATFORG_25/05/2017 -0.55%RELIANCE_25/05/2017 -0.75%SUNPHARMA_25/05/2017 -1.14%HDFCBANK_25/05/2017 -1.19%ABIRLANUVO_25/05/2017 -1.27%APOLLOHOSP_25/05/2017 -1.39%ITC_25/05/2017 -1.63%ONGC_25/05/2017 -1.63%ASIANPAINT_25/05/2017 -1.81%IOC_25/05/2017 -2.13%LT_25/05/2017 -2.31%AXISBANK_25/05/2017 -2.68%HDFC_25/05/2017 -2.71%LICHSGFIN_25/05/2017 -5.11%Cash & Current Assets 11.45%Net receivables / payables 33.61%Total 100.00%

Birla Sun Life Balanced Advantage Fund


Rating %

HDFC Bank Ltd 6.30%Indian Oil Corporation Ltd 4.28%Mahanagar Gas Limited 3.62%Bajaj Finance Limited ICRA AA+ 2.91%Rural Electrifi cation Corporation Limited CRISIL AAA 2.88%

Shriram Transport Finance Company Limited CRISIL AA+ 2.88%

Housing Development Finance Corporation Limited CRISIL AAA 2.88%

Power Finance Corporation Limited CRISIL AAA 2.84%Mahindra & Mahindra Financial Services Limited CRISIL A1+ 2.84%

ICICI Bank Ltd 2.65%Hindustan Petroleum Corporation Ltd 2.46%IDFC Ltd 2.12%Mahindra & Mahindra Ltd 2.11%Vedanta Ltd 1.96%Kotak Mahindra Bank Ltd 1.86%Eicher Motors Ltd 1.75%ITC Ltd 1.72%Indusind Bank Ltd 1.67%NTPC Ltd 1.66%Power Grid Corporation of India Ltd 1.65%Tata Chemicals Ltd 1.62%Bharat Electronics Ltd 1.61%Hindalco Industries Ltd 1.59%Castrol India Ltd 1.49%Gail (India) Ltd 1.46%Indraprastha Gas Ltd 1.46%Tata Metaliks Ltd 1.30%United Spirits Ltd 1.29%Dalmia Bharat Limited 1.25%Sintex Industries Ltd 1.22%Emami Ltd 1.21%Bharti Infratel Limited 1.14%Yes Bank Ltd 1.12%Infosys Ltd 1.05%Hindustan Zinc Ltd 0.94%HCL Technologies Ltd 0.93%Repco Home Finance Ltd 0.91%Sun Pharmaceutical Industries Limited 0.88%

Axis Bank Ltd 0.86%Bharat Heavy Electricals Ltd 0.84%Torrent Pharmaceuticals Ltd 0.83%Nestle India Ltd 0.81%Housing Development Finance Corporation Ltd 0.61%

Apar Industries Ltd 0.60%Bajaj Finance Ltd 0.59%Orient Refractories Limited 0.51%Kaveri Seed Company Ltd 0.50%IFGL REFRACTORIES LTD 0.46%Shree Cement Ltd 0.44%City Union Bank Ltd 0.43%6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.43%

Hero MotoCorp Ltd 0.38%Sadbhav Engineering Ltd 0.36%Petronet LNG Ltd 0.34%PTC India Ltd 0.27%Divis Laboratories Ltd 0.26%Motherson Sumi Systems Ltd 0.26%HPL Electric & Power Limited 0.22%NIIT Technologies Ltd 0.11%

7.5% Redeemable Pref. Shares Vedanta Ltd 0.03%

Sanofi India Ltd 0.02%NTPC Limited CRISIL AAA 0.00%NIFTY_25/05/2017 -25.88%Cash & Current Assets 11.13%Net receivables / payables 29.07%Total 100.00%

Birla Sun Life Balanced ‘95 Fund


Rating %

HDFC Bank Ltd 4.41%6.79% GOI (MD 26/12/2029) SOV 3.94%ICICI Bank Ltd 3.02%Infosys Ltd 2.45%Yes Bank Ltd 2.15%Indusind Bank Ltd 1.99%7.61% GOI(MD 09/05/2030) SOV 1.83%Bharat Electronics Ltd 1.65%Eicher Motors Ltd 1.65%8.13% GOI (MD 22/06/2045) SOV 1.63%Indian Oil Corporation Ltd 1.60%ITC Ltd 1.57%Tata Motors Ltd 1.56%Vedanta Ltd 1.41%Hindalco Industries Ltd 1.40%L&T Finance Holdings Ltd 1.36%Cholamandalam Investment and Finance Company Ltd 1.33%

Kaveri Seed Company Ltd 1.30%Aurobindo Pharma Ltd 1.28%8.60% GOI (MD 02/06/2028) SOV 1.26%UPL Limited 1.23%Maruti Suzuki India Ltd 1.22%Power Finance Corporation Limited CRISIL AAA 1.20%PNB Housing Finance Limited 1.20%Sun Pharmaceutical Industries Limited 1.18%Torrent Pharmaceuticals Ltd 1.14%Zee Entertainment Enterprises Ltd 1.12%8.56% RAJASTHAN SDL - (MD 23/01/2023) SOV 1.09%CG Power and Industrial Solutions Limited 1.06%Reliance Industries Ltd 1.06%Mahindra & Mahindra Ltd 1.06%Hindustan Petroleum Corporation Ltd 1.05%Tata Chemicals Ltd 1.00%Kotak Mahindra Bank Ltd 0.99%Sun TV Network Ltd 0.98%Gujarat State Petronet Ltd 0.96%Grasim Industries Ltd 0.94%Emami Ltd 0.94%Titan Company Limited 0.93%Pfi zer Ltd 0.77%Britannia Industries Ltd 0.76%Dalmia Bharat Limited 0.75%Natco Pharma Ltd 0.75%Repco Home Finance Ltd 0.73%Power Grid Corporation of India Ltd 0.71%Shriram City Union Finance Limited 0.69%Sundaram Finance Ltd 0.69%Apollo Hospital Enterprise Ltd 0.67%Crompton Greaves Consumer Electricals Limited 0.67%

Larsen & Toubro Ltd 0.66%7.78% Bihar SDL (MD 01/03/2027) SOV 0.64%FAG Bearings India Ltd 0.63%Housing Development Finance Corporation Limited CRISIL AAA 0.62%

HCL Technologies Ltd 0.62%Glenmark Pharmaceuticals Ltd 0.61%Power Finance Corporation Limited CRISIL AAA 0.61%PTC India Ltd 0.60%IDBI Bank Limited CRISIL A 0.60%NTPC Limited CRISIL AAA 0.59%8.17% GOI (MD 01/12/2044) SOV 0.59%7.73% GOI (MD 19/12/2034) SOV 0.57%Dr Reddys Laboratories Ltd 0.56%Muthoot Finance Ltd 0.55%Inox Leisure Ltd 0.52%The Federal Bank Limited 0.52%MRF Ltd 0.52%8.20% GOI (MD 15/02/2022) SOV 0.51%Finolex Cables Ltd 0.50%Hindustan Zinc Ltd 0.49%Blue Star Ltd 0.49%

76

Portfolio

Gail (India) Ltd 0.46%Bajaj Finance Ltd 0.44%Tech Mahindra Ltd 0.43%Endurance Technologies Limited 0.43%IDBI Bank Limited ICRA A 0.43%Tata Sons Ltd CRISIL AAA 0.42%Reliance Ports and Terminals Ltd CRISIL AAA 0.42%Marico Ltd 0.42%Edelweiss Financial Services Ltd 0.41%Bank Of Baroda 0.41%NTPC Ltd 0.40%Power Finance Corporation Limited CRISIL AAA 0.38%Dish TV India Ltd 0.37%Ashoka Buildcon Ltd 0.37%Atul Ltd 0.35%Shoppers Stop Ltd 0.35%Procter & Gamble Hygiene and Health Care Ltd 0.34%

Whirlpool of India Ltd 0.33%Power Finance Corporation Limited CRISIL AAA 0.32%Carborundum Universal Ltd 0.31%Bajaj Finance Limited ICRA AA+ 0.31%National Bank For Agriculture and Rural Development CRISIL AAA 0.31%

Power Finance Corporation Limited CRISIL AAA 0.31%State Bank of India 0.31%Bayer Cropscience Ltd 0.28%Max Financial Services Limited 0.26%Syndicate Bank CARE AA- 0.26%Cummins India Ltd 0.25%VA Tech Wabag Ltd 0.25%7.78% West Bengal SDL (MD 01/03/2027) SOV 0.23%Rural Electrifi cation Corporation Limited CRISIL AAA 0.19%Tata Steel Ltd 0.19%Glaxosmithkline Consumer Healthcare Ltd 0.17%Idea Cellular Ltd 0.16%Jagran Prakashan Ltd 0.14%Hero Fincorp Limited ICRA AA+ 0.13%Sadbhav Engineering Ltd 0.13%National Bank For Agriculture and Rural Development CRISIL AAA 0.12%


Tata Motors Ltd DVR Shares 0.10%8.27% Karnataka SDL(MD 23/12/2025) SOV 0.10%IDBI Bank Limited ICRA AA- 0.08%8.26% Maharashtra SDL(MD 23/12/2025) SOV 0.08%7.5% Redeemable Pref. Shares Vedanta Ltd 0.08%Rural Electrifi cation Corporation Limited CRISIL AAA 0.06%7.76% Madhya Pradesh SDL (MD 01/03/2027) SOV 0.06%

8.01% Telangana UDAY BOND (MD 07/03/2025) SOV 0.06%

7.87% Telangana UDAY BOND (MD 07/03/2024) SOV 0.06%

6.84% GOI (MD 19/12/2022) SOV 0.06%7.74% Tamilnadu SDL (MD 01/03/2027) SOV 0.06%7.75% Karnatak SDL (MD 01/03/2027) SOV 0.02%Power Grid Corporation of India Limited CRISIL AAA 0.02%6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.00%

Brillio Technologies Pvt Ltd 0.00%Globsyn Technologies Ltd 0.00%Magnasound (I) Ltd 0.00%REC_6.79 & PAY_FLOAT_28/04/2022 HSBCBK 0.00%


Birla Sun Life Index Fund


%

NIFTY_25/05/2017 27.23%HDFC Bank Ltd 6.46%Housing Development Finance Corporation Ltd 5.04%ITC Ltd 4.89%Reliance Industries Ltd 4.77%Infosys Ltd 3.79%ICICI Bank Ltd 3.35%Larsen & Toubro Ltd 2.97%Tata Consultancy Services Ltd 2.50%Kotak Mahindra Bank Ltd 2.23%State Bank of India 1.91%Maruti Suzuki India Ltd 1.79%Axis Bank Ltd 1.79%Tata Motors Ltd 1.78%

Indusind Bank Ltd 1.50%Sun Pharmaceutical Industries Limited 1.46%Hindustan Unilever Ltd 1.39%Mahindra & Mahindra Ltd 1.28%Yes Bank Ltd 1.10%Oil & Natural Gas Corporation Ltd 1.09%Asian Paints Ltd 1.05%Bharti Airtel Ltd 0.97%HCL Technologies Ltd 0.96%Power Grid Corporation of India Ltd 0.95%Indian Oil Corporation Ltd 0.92%Ultratech Cement Ltd 0.90%Hero MotoCorp Ltd 0.87%NTPC Ltd 0.85%Bajaj Auto Ltd 0.80%Bharat Petroleum Corp Ltd 0.78%Grasim Industries Ltd 0.76%Coal India Ltd 0.75%Eicher Motors Ltd 0.72%Lupin Ltd 0.67%Indiabulls Housing Finance Ltd 0.66%Dr Reddys Laboratories Ltd 0.65%Wipro Ltd 0.65%Tata Steel Ltd 0.63%Zee Entertainment Enterprises Ltd 0.60%Cipla Ltd 0.59%Adani Ports and Special Economic Zone Ltd 0.55%Gail (India) Ltd 0.55%Tech Mahindra Ltd 0.54%Hindalco Industries Ltd 0.52%Bosch Ltd 0.44%Bharti Infratel Limited 0.39%Ambuja Cements Ltd 0.37%Bank Of Baroda 0.37%Aurobindo Pharma Ltd 0.34%Tata Power Co Ltd 0.33%Tata Motors Ltd DVR Shares 0.29%ACC Ltd 0.28%Cash & Current Assets 22.85%Net receivables / payables -21.84%Total 100.00%

Birla Sun Life Frontline Equity Fund


Rating %

HDFC Bank Ltd 4.66%ICICI Bank Ltd 4.08%ITC Ltd 3.82%Reliance Industries Ltd 3.67%Infosys Ltd 3.64%Maruti Suzuki India Ltd 2.83%Indian Oil Corporation Ltd 2.57%Tata Motors Ltd 2.55%Indusind Bank Ltd 2.42%Grasim Industries Ltd 2.37%Kotak Mahindra Bank Ltd 2.25%Housing Development Finance Corporation Ltd 2.19%

Larsen & Toubro Ltd 2.16%State Bank of India 2.06%Mahindra & Mahindra Ltd 2.04%HCL Technologies Ltd 2.03%Yes Bank Ltd 1.97%Sun Pharmaceutical Industries Limited 1.93%Crompton Greaves Consumer Electricals Limited 1.91%

Hindalco Industries Ltd 1.69%Vedanta Ltd 1.66%Power Grid Corporation of India Ltd 1.54%The Federal Bank Limited 1.53%Hindustan Unilever Ltd 1.41%Bajaj Finance Ltd 1.39%Aurobindo Pharma Ltd 1.39%Gail (India) Ltd 1.38%NTPC Ltd 1.30%Muthoot Finance Ltd 1.30%Reliance Capital Ltd 1.26%Zee Entertainment Enterprises Ltd 1.21%Bharat Electronics Ltd 1.17%Cummins India Ltd 1.16%Cholamandalam Investment and Finance Company Ltd 1.12%

Hero MotoCorp Ltd 1.05%Tech Mahindra Ltd 1.03%Godrej Consumer Products Ltd 0.97%Hindustan Petroleum Corporation Ltd 0.96%Bayer Cropscience Ltd 0.91%Britannia Industries Ltd 0.90%LIC Housing Finance Ltd 0.85%Shriram City Union Finance Limited 0.84%Sanofi India Ltd 0.82%Castrol India Ltd 0.76%Tata Steel Ltd 0.75%Max Financial Services Limited 0.72%Motherson Sumi Systems Ltd 0.70%Akzo India Nobel Ltd 0.66%

Bank Of Baroda 0.60%Bosch Ltd 0.60%Tata Consultancy Services Ltd 0.58%Titan Company Limited 0.57%Emami Ltd 0.57%Divis Laboratories Ltd 0.55%Glenmark Pharmaceuticals Ltd 0.54%IRB Infrastructure Developers Ltd 0.52%Coal India Ltd 0.49%Lupin Ltd 0.49%CG Power and Industrial Solutions Limited 0.47%Dr Reddys Laboratories Ltd 0.45%Torrent Pharmaceuticals Ltd 0.44%Axis Bank Ltd 0.43%Glaxosmithkline Consumer Healthcare Ltd 0.41%GE Power India Limited 0.36%L&T Finance Holdings Ltd 0.36%Idea Cellular Ltd 0.34%Birla Sun Life Nifty ETF - Growth 0.33%IDFC Ltd 0.33%ACC Ltd 0.26%Glaxosmithkline Pharmaceuticals Ltd 0.26%Housing Development Finance Corporation Limited 0.24%

Hindustan Zinc Ltd 0.23%CPSE ETF 0.22%Jagran Prakashan Ltd 0.17%Procter & Gamble Hygiene and Health Care Ltd 0.16%

D.B.Corp Ltd 0.16%7.5% Redeemable Pref. Shares Vedanta Ltd 0.06%NTPC Limited CRISIL AAA 0.03%COALINDIA_25/05/2017 -0.22%NIFTY_25/05/2017 -1.19%Cash & Current Assets 4.49%Net receivables / payables 2.15%Total 100.00%

Birla Sun Life Top 100 Fund


Rating %

HDFC Bank Ltd 5.28%ICICI Bank Ltd 4.16%Reliance Industries Ltd 3.55%ITC Ltd 3.49%Indian Oil Corporation Ltd 3.30%Grasim Industries Ltd 3.06%Infosys Ltd 3.04%Maruti Suzuki India Ltd 2.72%Indusind Bank Ltd 2.61%Tata Motors Ltd 2.59%Vedanta Ltd 2.49%Kotak Mahindra Bank Ltd 2.42%Sun Pharmaceutical Industries Limited 2.31%HCL Technologies Ltd 2.21%Yes Bank Ltd 2.19%Bharat Electronics Ltd 2.13%Housing Development Finance Corporation Ltd 2.02%Crompton Greaves Consumer Electricals Limited 1.93%

Mahindra & Mahindra Ltd 1.89%Hindalco Industries Ltd 1.82%State Bank of India 1.70%Power Grid Corporation of India Ltd 1.58%Glenmark Pharmaceuticals Ltd 1.38%Bajaj Finserv Ltd 1.33%Aurobindo Pharma Ltd 1.32%Hindustan Unilever Ltd 1.32%UPL Limited 1.16%Zee Entertainment Enterprises Ltd 1.14%Larsen & Toubro Ltd 1.14%Cummins India Ltd 1.12%Gail (India) Ltd 1.10%Tata Steel Ltd 1.03%PTC India Ltd 1.00%IDFC Ltd 1.00%L&T Finance Holdings Ltd 0.96%Dalmia Bharat Limited 0.94%Motherson Sumi Systems Ltd 0.90%Ambuja Cements Ltd 0.90%Hindustan Petroleum Corporation Ltd 0.89%NTPC Ltd 0.88%Britannia Industries Ltd 0.81%Birla Sun Life Nifty ETF - Growth 0.81%Petronet LNG Ltd 0.77%Torrent Pharmaceuticals Ltd 0.77%Hindustan Zinc Ltd 0.74%Sanofi India Ltd 0.73%Tech Mahindra Ltd 0.71%The Federal Bank Limited 0.69%

77

Portfolio



CG Power and Industrial Solutions Limited 0.69%Dr Reddys Laboratories Ltd 0.61%Tata Consultancy Services Ltd 0.61%Cholamandalam Investment and Finance Company Ltd 0.61%

Bank Of Baroda 0.60%Max Financial Services Limited 0.57%Akzo India Nobel Ltd 0.54%Titan Company Limited 0.45%Idea Cellular Ltd 0.44%Castrol India Ltd 0.44%Divis Laboratories Ltd 0.42%CPSE ETF 0.38%Housing Development Finance Corporation Limited 0.35%

Tata Motors Ltd DVR Shares 0.30%Oracle Financial Services Software Ltd 0.25%VEDL_25/05/2017 0.14%7.5% Redeemable Pref. Shares Vedanta Ltd 0.13%NTPC Limited CRISIL AAA 0.05%NIFTY_25/05/2017 -1.52%Cash & Current Assets 7.75%

Net receivables / payables 2.13%Total 100.00%

Birla Sun Life Equity Fund


%

HDFC Bank Ltd 5.27%Vedanta Ltd 4.59%ICICI Bank Ltd 3.43%Tata Chemicals Ltd 3.36%Maruti Suzuki India Ltd 3.02%Yes Bank Ltd 2.85%Hindustan Unilever Ltd 2.67%Indusind Bank Ltd 2.65%Tata Communications Ltd 2.59%Dr Reddys Laboratories Ltd 2.52%ITC Ltd 2.42%Indian Oil Corporation Ltd 2.25%Century Textiles & Industries Ltd 2.13%Dalmia Bharat Limited 1.96%Grasim Industries Ltd 1.95%HCL Technologies Ltd 1.94%Cholamandalam Investment and Finance Company Ltd 1.68%ACC Ltd 1.68%Bank Of Baroda 1.68%Tata Steel Ltd 1.60%Hindalco Industries Ltd 1.59%Sun Pharmaceutical Industries Limited 1.58%Infosys Ltd 1.54%Tech Mahindra Ltd 1.51%Dishman Pharma & Chemicals Ltd 1.36%CESC Ltd 1.30%United Spirits Ltd 1.25%Kotak Mahindra Bank Ltd 1.25%Tata Motors Ltd 1.23%Bajaj Finance Ltd 1.16%Zee Entertainment Enterprises Ltd 1.16%Mahanagar Gas Limited 1.15%Blue Star Ltd 1.02%Bharti Infratel Limited 1.01%Castrol India Ltd 0.99%Kansai Nerolac Paints Ltd 0.98%Bharat Petroleum Corp Ltd 0.98%Asian Paints Ltd 0.92%Repco Home Finance Ltd 0.86%Hero MotoCorp Ltd 0.85%IDFC Ltd 0.85%Shriram City Union Finance Limited 0.78%Exide Industries Ltd 0.77%IIFL Holdings Ltd 0.75%Aurobindo Pharma Ltd 0.69%Dish TV India Ltd 0.63%NTPC Ltd 0.62%Equitas Holdings Limited 0.61%Cummins India Ltd 0.56%Idea Cellular Ltd 0.53%AIA Engineering Ltd 0.47%VA Tech Wabag Ltd 0.46%Radico Khaitan Ltd 0.44%Atul Ltd 0.44%7.5% Redeemable Pref. Shares Vedanta Ltd 0.43%Torrent Pharmaceuticals Ltd 0.43%MRF Ltd 0.42%Max Financial Services Limited 0.40%The Jammu and Kashmir Bank Ltd 0.36%Power Grid Corporation of India Ltd 0.35%Glaxosmithkline Consumer Healthcare Ltd 0.35%Bharat Electronics Ltd 0.29%Bata India Ltd 0.28%Cox & Kings Ltd 0.28%

L&T Finance Holdings Ltd 0.26%PNB Housing Finance Limited 0.25%Kewal Kiran Clothing Limited 0.23%LIC Housing Finance Ltd 0.23%Ambuja Cements Ltd 0.19%Bajaj Auto Ltd 0.16%Ashok Leyland Ltd 0.16%DQ Entertainment International Ltd 0.03%MAESTROS MEDILINE SYSTEMS LIMITED 0.00%Magnasound (I) Ltd 0.00%Mms Infrastr Ltd 0.00%Cash & Current Assets 13.18%Net receivables / payables -2.79%Total 100.00%

Birla Sun Life Advantage Fund


%

Yes Bank Ltd 5.84%Maruti Suzuki India Ltd 5.12%Eicher Motors Ltd 4.77%Natco Pharma Ltd 3.68%Indian Oil Corporation Ltd 3.42%Vedanta Ltd 3.26%Hindustan Petroleum Corporation Ltd 3.12%Indusind Bank Ltd 3.11%HDFC Bank Ltd 3.05%State Bank of India 2.99%Dalmia Bharat Limited 2.93%Voltas Ltd 2.82%Kotak Mahindra Bank Ltd 2.77%PNB Housing Finance Limited 2.33%Hindalco Industries Ltd 2.23%L&T Finance Holdings Ltd 2.14%Bajaj Finserv Ltd 2.02%UPL Limited 1.96%The Ramco Cements Limited 1.96%Indraprastha Gas Ltd 1.86%Ambuja Cements Ltd 1.81%ICICI Bank Ltd 1.73%Bajaj Finance Ltd 1.72%Asian Paints Ltd 1.71%Sun Pharmaceutical Industries Limited 1.61%Bank Of Baroda 1.58%TVS Motor Company Ltd 1.38%Tata Communications Ltd 1.34%Bharat Petroleum Corp Ltd 1.29%Repco Home Finance Ltd 1.21%Britannia Industries Ltd 1.20%Cholamandalam Investment and Finance Company Ltd 1.18%Emami Ltd 1.16%HCL Technologies Ltd 1.14%Tata Motors Ltd 1.09%Bharat Electronics Ltd 1.09%Hindustan Unilever Ltd 1.07%Spicejet Ltd 1.01%Berger Paints India Ltd 0.97%Max Financial Services Limited 0.94%Mahanagar Gas Limited 0.81%Equitas Holdings Limited 0.80%Glenmark Pharmaceuticals Ltd 0.80%Hindustan Zinc Ltd 0.79%K.P.R. Mill Limited 0.77%V-Guard Industries Limited 0.75%Motherson Sumi Systems Ltd 0.68%Bayer Cropscience Ltd 0.64%Cummins India Ltd 0.55%Engineers India Ltd 0.51%Shriram City Union Finance Limited 0.51%Kaveri Seed Company Ltd 0.46%Orient Cement Ltd 0.44%Zee Entertainment Enterprises Ltd 0.40%AIA Engineering Ltd 0.29%PI Industries Ltd 0.23%Blue Star Ltd 0.20%Dharti Dredging 0.03%Karrox Technologies Ltd 0.00%Cash & Current Assets 2.37%Net receivables / payables 0.39%Total 100.00%

Birla Sun Life MNC Fund


Rating %

Honeywell Automation India Ltd 7.64%Gillette India Ltd 7.20%Bayer Cropscience Ltd 7.10%ICRA Ltd 6.55%Kotak Mahindra Bank Ltd 6.10%Maruti Suzuki India Ltd 6.05%Bosch Ltd 5.72%Pfi zer Ltd 5.68%Glaxosmithkline Pharmaceuticals Ltd 5.48%

Johnson Controls–Hitachi Air Conditioning India Lt 4.90%

Capital First Limited 4.76%Thomas Cook India Ltd 4.19%Jet Airways India Ltd 3.55%Kansai Nerolac Paints Ltd 3.33%Hindustan Unilever Ltd 2.58%Cummins India Ltd 2.25%FAG Bearings India Ltd 2.10%Procter & Gamble Hygiene and Health Care Ltd 2.01%

Bata India Ltd 1.98%Wabco India Ltd 1.21%Crisil Ltd 1.16%Castrol India Ltd 1.12%Colgate Palmolive India Ltd 1.00%Quess Corp Limited 0.81%ACC Ltd 0.78%SML Isuzu Ltd 0.62%Oracle Financial Services Software Ltd 0.52%ITD Cementation India Ltd 0.45%Ambuja Cements Ltd 0.41%Federal-Mogul Goetze (India) Ltd 0.39%Nestle India Ltd 0.37%Akzo India Nobel Ltd 0.29%Siemens Ltd 0.28%GE Power India Limited 0.24%Sanofi India Ltd 0.24%ABB India Ltd 0.20%Blue Dart Express Ltd 0.20%GE T&D India Limited 0.19%Disa India Ltd 0.12%Schneider Electric Infrastructure Ltd 0.08%Blue Dart Express Limited ICRA AA 0.00%Blue Dart Express Limited ICRA AA 0.00%Blue Dart Express Limited ICRA AA 0.00%Jainpur Straw Brd and Paper Ltd 0.00%Maruti Cottex Ltd 0.00%Sree Jayalakshmi Autospin Ltd 0.00%Sri Venkatesha Mill Ltd 0.00%Visakha Aqua Farm Ltd 0.00%Cash & Current Assets 0.25%Net receivables / payables -0.12%Total 100.00%

Birla Sun Life Midcap Fund


%

KEC International Ltd 2.78%Tube Investments of India Ltd 2.72%Mahindra CIE Automotive Ltd 2.69%The Federal Bank Limited 2.49%IRB Infrastructure Developers Ltd 2.41%Gujarat State Petronet Ltd 2.37%PNC Infratech Limited 2.33%Yes Bank Ltd 2.26%MRF Ltd 2.20%RBL Bank Limited 2.09%Hindalco Industries Ltd 2.01%Johnson Controls–Hitachi Air Conditioning India Lt 1.86%Crompton Greaves Consumer Electricals Limited 1.83%PNB Housing Finance Limited 1.78%Hindustan Petroleum Corporation Ltd 1.74%Bharat Electronics Ltd 1.69%L&T Finance Holdings Ltd 1.64%Voltas Ltd 1.62%Bayer Cropscience Ltd 1.60%TeamLease Services Limited 1.52%Indian Oil Corporation Ltd 1.49%Solar Industries (I) Ltd 1.48%Mangalore Refi nery & Petrochemicals Ltd 1.48%CG Power and Industrial Solutions Limited 1.45%Finolex Cables Ltd 1.45%IDFC Ltd 1.43%FAG Bearings India Ltd 1.41%JK Cements Ltd 1.40%BSE Limited 1.39%Natco Pharma Ltd 1.38%Petronet LNG Ltd 1.37%Pfi zer Ltd 1.33%Torrent Pharmaceuticals Ltd 1.31%Gujarat Fluorochemicals Ltd 1.25%Jyothy Laboratories Ltd 1.24%Allcargo Logistics Ltd 1.21%Union Bank of India 1.19%Divis Laboratories Ltd 1.16%Aditya Birla Nuvo Ltd 1.15%Aurobindo Pharma Ltd 1.12%Mindtree Ltd 1.12%Equitas Holdings Limited 1.09%HSIL Ltd 1.07%

78

Portfolio

Hindustan Zinc Ltd 1.06%Century Textiles & Industries Ltd 1.04%Colgate Palmolive India Ltd 1.03%Shriram City Union Finance Limited 0.98%Emami Ltd 0.98%Dalmia Bharat Limited 0.96%Capital First Limited 0.95%Welspun India Ltd 0.92%Carborundum Universal Ltd 0.91%Tata Motors Ltd DVR Shares 0.91%Apollo Hospital Enterprise Ltd 0.90%SANGHI INDUSTRIES LTD 0.87%Max Financial Services Limited 0.83%Deepak Nitrite Limited 0.73%Cyient Limited 0.70%S Chand and Company Limited 0.69%Chennai Petroleum Corporation Ltd 0.67%Glaxosmithkline Consumer Healthcare Ltd 0.61%DCB Bank Limited 0.61%Satin Creditcare Network Limited 0.61%Repco Home Finance Ltd 0.59%Monte Carlo Fashions Ltd 0.59%Firstsource Solutions Ltd 0.54%Cash & Current Assets 8.70%Net receivables / payables 0.95%Total 100.00%

Birla Sun Life Small & Midcap Fund


%

The Federal Bank Limited 2.99%PNC Infratech Limited 2.84%DCB Bank Limited 2.55%Sterlite Technologies Ltd 2.45%KEC International Ltd 2.44%Akzo India Nobel Ltd 2.43%Firstsource Solutions Ltd 2.40%Chennai Petroleum Corporation Ltd 2.38%J.Kumar Infraprojects Ltd 2.37%Dewan Housing Finance Corporation Ltd 2.37%Tata Metaliks Ltd 2.36%Solar Industries (I) Ltd 2.34%Inox Leisure Ltd 2.29%Mahindra CIE Automotive Ltd 2.23%V-Guard Industries Limited 2.22%Mahanagar Gas Limited 2.15%Repco Home Finance Ltd 2.13%Jyothy Laboratories Ltd 2.13%Capital First Limited 2.12%The India Cements Limited 2.10%Pennar Engineered Building Systems Ltd 2.10%Gujarat State Petronet Ltd 2.01%VIP Industries Ltd 1.93%Cyient Limited 1.89%Sanofi India Ltd 1.87%IRB Infrastructure Developers Ltd 1.81%Endurance Technologies Limited 1.79%Indian Bank 1.77%Rallis India Ltd 1.68%Minda Corporation Ltd 1.67%CG Power and Industrial Solutions Limited 1.64%Carborundum Universal Ltd 1.63%Apar Industries Ltd 1.51%Laurus Labs Limited 1.49%K.P.R. Mill Limited 1.41%Natco Pharma Ltd 1.41%SUVEN LIFE SCIENCES LIMITED 1.34%IDFC Ltd 1.29%Avenue Supermarts Limited 1.23%Equitas Holdings Limited 1.15%Relaxo Footwears Limited 1.15%Torrent Pharmaceuticals Ltd 0.98%Orient Cement Ltd 0.83%Monte Carlo Fashions Ltd 0.61%HPL Electric & Power Limited 0.59%Cash & Current Assets 14.90%Net receivables / payables 1.03%Total 100.00%

Birla Sun Life Pure Value Fund


%

Sintex Industries Ltd 6.17%UPL Limited 5.61%Punjab National Bank 4.89%Chennai Petroleum Corporation Ltd 4.49%Indraprastha Gas Ltd 4.35%Canara Bank Ltd 4.32%Reliance Capital Ltd 4.27%L&T Finance Holdings Ltd 3.50%ICICI Bank Ltd 3.21%Gujarat Narmada Valley Fertilizers & Chemicals Ltd 3.09%Glenmark Pharmaceuticals Ltd 3.04%Bharat Petroleum Corp Ltd 3.01%Edelweiss Financial Services Ltd 2.97%Atul Ltd 2.73%Grasim Industries Ltd 2.67%VIP Industries Ltd 2.52%Hindustan Petroleum Corporation Ltd 2.50%The India Cements Limited 2.49%K.P.R. Mill Limited 2.37%Dishman Pharma & Chemicals Ltd 2.19%Gail (India) Ltd 2.02%Blue Star Ltd 1.99%Fortis Healthcare Ltd 1.95%NCC Ltd 1.90%Gulf Oil Lubricants India Ltd 1.76%Jindal Steel and Power Ltd 1.49%Firstsource Solutions Ltd 1.48%State Bank of India 1.37%DLF Ltd 1.22%Deepak Nitrite Limited 1.22%Indian Terrain Fashions Ltd 1.07%Indian Oil Corporation Ltd 0.90%Inox Wind Ltd 0.81%Bank Of Baroda 0.77%Sterlite Technologies Ltd 0.73%Sanofi India Ltd 0.69%Muthoot Finance Ltd 0.57%HPL Electric & Power Limited 0.52%Spicejet Ltd 0.44%Aurobindo Pharma Ltd 0.36%Mahanagar Gas Limited 0.33%Monte Carlo Fashions Ltd 0.28%Cash & Current Assets 3.09%Net receivables / payables 2.66%Total 100.00%



%

Maruti Suzuki India Ltd 6.95%Tata Chemicals Ltd 6.52%Vedanta Ltd 3.97%ITC Ltd 3.83%MRF Ltd 3.83%Hindustan Zinc Ltd 3.50%Bharat Electronics Ltd 3.44%Eicher Motors Ltd 3.27%Grasim Industries Ltd 3.26%Century Textiles & Industries Ltd 3.19%Dishman Pharma & Chemicals Ltd 2.92%Asian Paints Ltd 2.81%Glaxosmithkline Consumer Healthcare Ltd 2.69%Kansai Nerolac Paints Ltd 2.61%Rallis India Ltd 2.54%AIA Engineering Ltd 2.45%Sun Pharmaceutical Industries Limited 2.41%United Spirits Ltd 2.35%HEIDELBERGCEMENT INDIA LIMITED 2.33%Tata Steel Ltd 2.25%Greaves Cotton Ltd 2.19%Bata India Ltd 2.08%Tata Motors Ltd 2.01%Tata Coffee Limited 1.90%Hero MotoCorp Ltd 1.85%Torrent Pharmaceuticals Ltd 1.78%Cummins India Ltd 1.75%Ultratech Cement Ltd 1.60%Dr Reddys Laboratories Ltd 1.59%Voltas Ltd 1.55%S H Kelkar & Company Ltd 1.49%Exide Industries Ltd 1.39%Wabco India Ltd 1.19%Hindalco Industries Ltd 1.12%Piramal Enterprises Ltd 1.08%HSIL Ltd 1.07%United Breweries Ltd 0.96%Bajaj Auto Ltd 0.90%Kewal Kiran Clothing Limited 0.84%Endurance Technologies Limited 0.75%Raymond Ltd 0.67%

Birla Corporation Ltd 0.64%Clariant Chemicals India Ltd 0.57%Inox Wind Ltd 0.47%Cash & Current Assets 1.01%Net receivables / payables 0.44%Total 100.00%

Birla Sun Life Banking and Financial Services Fund


%

ICICI Bank Ltd 11.27%Yes Bank Ltd 9.56%HDFC Bank Ltd 9.49%Indusind Bank Ltd 5.85%Bajaj Finance Ltd 5.81%Cholamandalam Investment and Finance Company Ltd 5.55%State Bank of India 4.71%Bank Of Baroda 4.49%DCB Bank Limited 4.42%L&T Finance Holdings Ltd 4.31%Repco Home Finance Ltd 4.19%Bharat Financial Inclusion Ltd 3.20%PNB Housing Finance Limited 2.79%Equitas Holdings Limited 2.73%Kotak Mahindra Bank Ltd 2.46%Max Financial Services Limited 2.46%The Federal Bank Limited 2.44%Bajaj Finserv Ltd 2.29%Capital First Limited 2.05%Shriram City Union Finance Limited 1.76%Dewan Housing Finance Corporation Ltd 1.47%Shriram Transport Finance Company Ltd 1.09%ICRA Ltd 0.95%ICICI Prudential Life Insurance Company Limited 0.77%City Union Bank Ltd 0.65%Edelweiss Financial Services Ltd 0.46%Tourism Finance Corporation of India Ltd 0.18%Cash & Current Assets 0.28%Net receivables / payables 2.32%Total 100.00%

Birla Sun Life Dividend Yield Plus


%

ICICI Bank Ltd 5.48%Vedanta Ltd 5.35%Hindustan Petroleum Corporation Ltd 4.26%Orient Cement Ltd 3.16%Sanofi India Ltd 3.03%Kaveri Seed Company Ltd 2.91%Bharat Petroleum Corp Ltd 2.86%Mahanagar Gas Limited 2.81%Indian Oil Corporation Ltd 2.78%Dhanuka Agritech Ltd 2.78%Axis Bank Ltd 2.69%The Federal Bank Limited 2.62%Greaves Cotton Ltd 2.60%Dalmia Bharat Limited 2.41%Hindustan Zinc Ltd 2.37%Max Financial Services Limited 2.11%Tata Chemicals Ltd 2.10%Kewal Kiran Clothing Limited 2.06%Sun TV Network Ltd 2.01%IIFL Holdings Ltd 2.01%Sintex Industries Ltd 1.90%Pfi zer Ltd 1.81%Cummins India Ltd 1.71%Procter & Gamble Hygiene and Health Care Ltd 1.66%Torrent Pharmaceuticals Ltd 1.61%Oracle Financial Services Software Ltd 1.61%State Bank of India 1.57%Tech Mahindra Ltd 1.51%GE Power India Limited 1.45%Welspun India Ltd 1.45%Jagran Prakashan Ltd 1.41%HCL Technologies Ltd 1.40%Orient Refractories Limited 1.37%Multi Commodity Exchange of India Ltd 1.27%Oriental Hotels Ltd 1.17%City Union Bank Ltd 1.16%Unichem Laboratories Ltd 1.15%Dewan Housing Finance Corporation Ltd 1.14%PTC India Ltd 1.12%Interglobe Aviation Ltd 1.05%D.B.Corp Ltd 1.03%Atul Auto Limited 1.01%CG Power and Industrial Solutions Limited 0.95%INDUSTRIA DE DISENO TEXTIL SA 0.93%Crompton Greaves Consumer Electricals Limited 0.91%Power Grid Corporation of India Ltd 0.82%Jyothy Laboratories Ltd 0.72%

79

Portfolio



Infosys Ltd 0.66%K.P.R. Mill Limited 0.65%Gateway Distriparks Ltd 0.63%Sonata Software Ltd 0.56%Gujarat Mineral Development Corporation Limited 0.47%Fortis Healthcare Ltd 0.46%Automotive Axles Ltd 0.43%Swaraj Engines Ltd 0.40%Orbit Exports Ltd 0.37%NIIT Technologies Ltd 0.31%CPSE ETF 0.28%7.5% Redeemable Pref. Shares Vedanta Ltd 0.22%AXISBANK_25/05/2017 -0.67%Cash & Current Assets 0.02%Net receivables / payables 1.92%Total 100.00%



%

Yes Bank Ltd 5.38%Indusind Bank Ltd 4.91%HDFC Bank Ltd 4.86%ITC Ltd 4.51%UPL Limited 3.93%Infosys Ltd 3.18%Hindalco Industries Ltd 2.92%Chennai Petroleum Corporation Ltd 2.72%Maruti Suzuki India Ltd 2.67%HCL Technologies Ltd 2.41%Atul Ltd 2.28%State Bank of India 2.28%Tata Motors Ltd 2.17%Tech Mahindra Ltd 2.14%Hindustan Petroleum Corporation Ltd 2.02%Kotak Mahindra Bank Ltd 1.99%Equitas Holdings Limited 1.85%Vedanta Ltd 1.82%J.Kumar Infraprojects Ltd 1.79%ICICI Bank Ltd 1.75%Ambuja Cements Ltd 1.70%Sun Pharmaceutical Industries Limited 1.62%Ashoka Buildcon Ltd 1.49%Eicher Motors Ltd 1.48%Shriram City Union Finance Limited 1.41%Aurobindo Pharma Ltd 1.28%L&T Finance Holdings Ltd 1.25%Gulf Oil Lubricants India Ltd 1.25%Sintex Industries Ltd 1.25%Deepak Nitrite Limited 1.20%Motherson Sumi Systems Ltd 1.19%Hindustan Unilever Ltd 1.18%Edelweiss Financial Services Ltd 1.16%Dr Reddys Laboratories Ltd 1.15%Inox Leisure Ltd 1.15%Jindal Steel and Power Ltd 1.15%Muthoot Finance Ltd 1.14%Larsen & Toubro Ltd 1.14%Bharat Petroleum Corp Ltd 1.13%Sterlite Technologies Ltd 1.11%Fortis Healthcare Ltd 1.05%CG Power and Industrial Solutions Limited 0.99%Apollo Hospital Enterprise Ltd 0.97%Crompton Greaves Consumer Electricals Limited 0.97%Glaxosmithkline Consumer Healthcare Ltd 0.97%Britannia Industries Ltd 0.91%Hexaware Technologies Ltd 0.87%City Union Bank Ltd 0.87%Idea Cellular Ltd 0.82%Cyient Limited 0.79%Emami Ltd 0.67%Blue Star Ltd 0.66%Satin Creditcare Network Limited 0.65%Cummins India Ltd 0.65%Hindustan Zinc Ltd 0.65%GE Power India Limited 0.60%NIIT Technologies Ltd 0.52%The Jammu and Kashmir Bank Ltd 0.50%United Breweries (Holdings) Limited 0.34%Dabur India Ltd 0.32%Cash & Current Assets 3.01%Net receivables / payables -0.76%Total 100.00%

Birla Sun Life India Reforms Fund


%

Yes Bank Ltd 9.58%Eicher Motors Ltd 8.75%State Bank of India 7.01%Voltas Ltd 6.90%Repco Home Finance Ltd 6.73%

Bajaj Finserv Ltd 6.72%Indusind Bank Ltd 6.57%Maruti Suzuki India Ltd 5.48%Capital First Limited 4.63%ICICI Bank Ltd 3.32%Atul Auto Limited 3.25%Hindalco Industries Ltd 2.89%Bharat Petroleum Corp Ltd 2.84%Spicejet Ltd 2.43%Sintex Industries Ltd 2.38%Natco Pharma Ltd 2.33%Ashoka Buildcon Ltd 2.31%Indraprastha Gas Ltd 2.31%Hindustan Zinc Ltd 2.25%Kotak Mahindra Bank Ltd 1.89%Equitas Holdings Limited 1.81%VA Tech Wabag Ltd 1.81%Bharat Electronics Ltd 1.38%UPL Limited 1.02%Shriram Transport Finance Company Ltd 0.61%6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.10%Cash & Current Assets 1.55%Net receivables / payables 1.14%Total 100.00%

Birla Sun Life Infrastructure Fund


%

PNC Infratech Limited 4.41%Honeywell Automation India Ltd 3.89%Vedanta Ltd 3.58%Sintex Industries Ltd 3.35%Orient Cement Ltd 2.81%Indraprastha Gas Ltd 2.72%VA Tech Wabag Ltd 2.71%Ashoka Buildcon Ltd 2.69%Mahanagar Gas Limited 2.69%Wabco India Ltd 2.69%Hindalco Industries Ltd 2.59%ICICI Bank Ltd 2.59%Indian Oil Corporation Ltd 2.43%Greaves Cotton Ltd 2.37%HDFC Bank Ltd 2.36%Suzlon Energy Ltd 2.35%J.Kumar Infraprojects Ltd 2.34%Grasim Industries Ltd 2.27%Tata Chemicals Ltd 2.07%Blue Star Ltd 1.95%Kaveri Seed Company Ltd 1.88%Dalmia Bharat Limited 1.85%Finolex Cables Ltd 1.84%L&T Finance Holdings Ltd 1.83%Kalpataru Power Transmission Ltd 1.83%KEC International Ltd 1.77%Bharat Petroleum Corp Ltd 1.76%Cummins India Ltd 1.75%Muthoot Finance Ltd 1.73%Orient Refractories Limited 1.67%Crompton Greaves Consumer Electricals Limited 1.66%Bharat Electronics Ltd 1.60%CG Power and Industrial Solutions Limited 1.58%Carborundum Universal Ltd 1.54%Multi Commodity Exchange of India Ltd 1.49%PTC India Ltd 1.39%Hindustan Zinc Ltd 1.37%Bajaj Finance Ltd 1.34%Hindustan Petroleum Corporation Ltd 1.31%Indusind Bank Ltd 1.27%Jindal Steel and Power Ltd 1.26%The Federal Bank Limited 1.23%IDFC Ltd 1.16%TD Power Systems Ltd 1.15%Century Textiles & Industries Ltd 1.14%Somany Ceramics Ltd 1.03%Sadbhav Engineering Ltd 1.01%Capital First Limited 0.76%GE Power India Limited 0.72%Housing Development Finance Corporation Limited 0.51%Inox Wind Ltd 0.24%7.5% Redeemable Pref. Shares Vedanta Ltd 0.19%Cash & Current Assets 1.62%Net receivables / payables 0.67%Total 100.00%

Birla Sun Life New Millennium Fund


%

Infosys Ltd 29.18%Tech Mahindra Ltd 9.04%HCL Technologies Ltd 8.83%NIIT Technologies Ltd 8.81%Cyient Limited 6.36%Inox Leisure Ltd 6.03%Hexaware Technologies Ltd 6.01%Tata Consultancy Services Ltd 5.70%Sonata Software Ltd 5.22%Mindtree Ltd 3.76%Persistent Systems Ltd 3.63%Sterlite Technologies Ltd 2.85%Tata Communications Ltd 1.83%Shemaroo Entertainment Ltd 0.60%6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.26%

Magnasound (I) Ltd 0.00%Cash & Current Assets 2.11%Net receivables / payables -0.23%Total 100.00%

Birla Sun Life India GenNext Fund


%

HDFC Bank Ltd 5.45%Maruti Suzuki India Ltd 4.61%ITC Ltd 3.92%Indusind Bank Ltd 3.85%Eicher Motors Ltd 3.68%Yes Bank Ltd 3.38%Century Textiles & Industries Ltd 2.99%Kotak Mahindra Bank Ltd 2.96%Housing Development Finance Corporation Ltd 2.77%Asian Paints Ltd 2.47%Indian Oil Corporation Ltd 2.33%ICICI Prudential Life Insurance Company Limited 2.14%Cholamandalam Investment and Finance Company Ltd 1.93%Britannia Industries Ltd 1.92%Grasim Industries Ltd 1.83%Whirlpool of India Ltd 1.73%Sun Pharmaceutical Industries Limited 1.70%Jyothy Laboratories Ltd 1.66%United Spirits Ltd 1.65%Tata Motors Ltd 1.62%Zee Entertainment Enterprises Ltd 1.58%Blue Star Ltd 1.52%Repco Home Finance Ltd 1.49%LIC Housing Finance Ltd 1.47%Voltas Ltd 1.45%Colgate Palmolive India Ltd 1.42%Castrol India Ltd 1.39%Emami Ltd 1.38%Titan Company Limited 1.33%Nestle India Ltd 1.20%Hindustan Unilever Ltd 1.15%ACC Ltd 1.15%Bajaj Finance Ltd 1.13%HEIDELBERGCEMENT INDIA LIMITED 1.07%Aditya Birla Nuvo Ltd 1.07%Bharat Financial Inclusion Ltd 1.06%Inox Leisure Ltd 1.06%Bharat Petroleum Corp Ltd 1.01%Thyrocare Technologies Ltd 0.97%City Union Bank Ltd 0.97%Bata India Ltd 0.96%Apollo Hospital Enterprise Ltd 0.91%Exide Industries Ltd 0.89%Torrent Pharmaceuticals Ltd 0.86%Avenue Supermarts Limited 0.82%Capital First Limited 0.81%Cox & Kings Ltd 0.80%Relaxo Footwears Limited 0.77%Glaxosmithkline Consumer Healthcare Ltd 0.76%Dabur India Ltd 0.76%Dr Reddys Laboratories Ltd 0.73%Aurobindo Pharma Ltd 0.70%Muthoot Finance Ltd 0.70%Equitas Holdings Limited 0.64%Marico Ltd 0.62%Sanofi India Ltd 0.59%Dish TV India Ltd 0.59%Pidilite Industries Ltd 0.57%Radico Khaitan Ltd 0.53%Dr. Lal Pathlabs Limited 0.51%Monte Carlo Fashions Ltd 0.39%6% Cum. NCv. Prefer Zee Entertainment Enter'es Ltd 0.12%Magnasound (I) Ltd 0.00%Cash & Current Assets 5.52%Net receivables / payables -0.02%Total 100.00%



%

Honeywell Automation India Ltd 7.07%Sanofi India Ltd 6.20%NIIT Technologies Ltd 5.85%Hexaware Technologies Ltd 5.70%Sun Pharmaceutical Industries Limited 5.01%Wabco India Ltd 4.92%Tech Mahindra Ltd 4.28%Reliance Industries Ltd 4.24%Sonata Software Ltd 4.18%Infosys Ltd 4.08%HCL Technologies Ltd 4.02%Vedanta Ltd 4.00%Cummins India Ltd 3.93%Hindustan Zinc Ltd 3.92%AIA Engineering Ltd 3.72%UPL Limited 3.64%Torrent Pharmaceuticals Ltd 3.50%

80

Portfolio

Mindtree Ltd 2.71%Crisil Ltd 2.51%Sterlite Technologies Ltd 2.42%Aurobindo Pharma Ltd 2.39%Bharat Forge Ltd 2.26%Persistent Systems Ltd 1.99%Cyient Limited 1.80%K.P.R. Mill Limited 1.76%Arvind Ltd 0.98%KEC International Ltd 0.72%Brillio Technologies Pvt Ltd 0.00%Jainpur Straw Brd and Paper Ltd 0.00%Magnasound (I) Ltd 0.00%Oriqua Ltd 0.00%Sree Rama Polymer 0.00%Cash & Current Assets 1.17%Net receivables / payables 1.01%Total 100.00%

Birla Sun Life International Equity Fund - Plan A


%

Aetna Inc New 5.31%APPLE INC 5.29%The Boeing Co 4.28%AXA SA 4.12%FEDEX CORP 3.66%VALERO ENERGY CORP 3.61%SANOFI 3.46%NORDEA BANK AB 3.37%EXPEDIA INC 3.28%EASTMAN CHEMICAL CO 3.12%SWISS RE AG 3.10%PING AN INS GRP-H 2.95%TELENOR 2.86%Delta Air Lines Inc 2.85%Westfi eld Corporation 2.83%FORD MOTOR CO 2.70%TJX ORD 2.57%Amerisource Bergen Corp 2.56%CH ROBINSON WORLDWIDE ORD 2.47%Koninklijke Ahold Delhaize NV 2.39%TYSON FOODS INC 2.38%ESTEE LAUDER CL A ORD 2.35%MONSANTO CO 2.31%CVS CAREMARK CORP 2.23%PUBLICIS GROUPE SA 2.17%JOHNSON AND JOHNSON 2.10%Telstra Corporation Ltd 2.10%PROSIEBEN SAT.1 MEDIA SE 2.07%GILEAD SCIENCES INC 2.04%Imperial Brands Plc 1.99%CenturyLink Inc 1.97%SAMSUNG ELECTRONICS - GDR 1.91%QUALCOMM INC 1.88%XEROX CORP 1.18%HEWLETT PACKARD CO 1.17%Dell Technologies Inc 0.87%Conduent Inc 0.54%Cash & Current Assets 3.46%Net receivables / payables -1.52%Total 100.00%

Birla Sun Life International Equity Fund - Plan B


%

HDFC Bank Ltd 7.64%Indian Oil Corporation Ltd 5.15%Repco Home Finance Ltd 3.81%Bajaj Finance Ltd 3.15%Indusind Bank Ltd 2.73%Eicher Motors Ltd 2.58%Infosys Ltd 2.36%Shriram City Union Finance Limited 2.03%Cummins India Ltd 1.97%IFGL REFRACTORIES LTD 1.90%VST Industries Ltd 1.88%Vedanta Ltd 1.80%HCL Technologies Ltd 1.73%PTC India Ltd 1.63%ICICI Bank Ltd 1.60%Indian Terrain Fashions Ltd 1.56%TVS Motor Company Ltd 1.54%D.B.Corp Ltd 1.49%Orient Refractories Limited 1.40%Kewal Kiran Clothing Limited 1.40%Emami Ltd 1.31%Mahanagar Gas Limited 1.22%Housing Development Finance Corporation Ltd 1.22%APPLE INC 1.19%Hindustan Zinc Ltd 1.17%Aurobindo Pharma Ltd 1.17%Yes Bank Ltd 1.13%Hindalco Industries Ltd 1.08%Kotak Mahindra Bank Ltd 1.07%Sanofi India Ltd 1.04%Ashoka Buildcon Ltd 1.03%ITC Ltd 1.03%Crompton Greaves Consumer Electricals Limited 1.03%Aetna Inc New 1.02%Atul Auto Limited 1.01%Kaveri Seed Company Ltd 1.00%AXA SA 0.93%

V-Mart Retail Limited 0.91%Orient Cement Ltd 0.87%VALERO ENERGY CORP 0.83%The Boeing Co 0.81%K.P.R. Mill Limited 0.79%EXPEDIA INC 0.78%SANOFI 0.78%FEDEX CORP 0.73%Dalmia Bharat Limited 0.73%Grasim Industries Ltd 0.71%Thomas Cook India Ltd 0.68%EASTMAN CHEMICAL CO 0.67%SWISS RE AG 0.67%MONSANTO CO 0.67%Sun Pharmaceutical Industries Limited 0.66%NORDEA BANK AB 0.65%JOHNSON AND JOHNSON 0.63%PROSIEBEN SAT.1 MEDIA SE 0.63%HEIDELBERGCEMENT INDIA LIMITED 0.63%City Union Bank Ltd 0.62%Westfi eld Corporation 0.61%SAMSUNG ELECTRONICS - GDR 0.61%Koninklijke Ahold Delhaize NV 0.60%Imperial Brands Plc 0.60%TELENOR 0.58%TYSON FOODS INC 0.57%Amerisource Bergen Corp 0.57%PING AN INS GRP-H 0.57%Sonata Software Ltd 0.55%QUALCOMM INC 0.54%FORD MOTOR CO 0.53%TJX ORD 0.50%Delta Air Lines Inc 0.49%CVS CAREMARK CORP 0.47%CH ROBINSON WORLDWIDE ORD 0.46%ESTEE LAUDER CL A ORD 0.44%GILEAD SCIENCES INC 0.44%Telstra Corporation Ltd 0.42%PUBLICIS GROUPE SA 0.42%CenturyLink Inc 0.41%Orbit Exports Ltd 0.36%XEROX CORP 0.32%HEWLETT PACKARD CO 0.30%Dell Technologies Inc 0.20%Conduent Inc 0.15%7.5% Redeemable Pref. Shares Vedanta Ltd 0.12%CG Power and Industrial Solutions Limited 0.03%Cash & Current Assets 6.31%Net receivables / payables -0.60%Total 100.00%

Birla Sun Life Commodity Equities Fund - Global Agri Plan (GAP)


%

SYNGENTA LTD REG SHS 9.66%DEERE & CO 9.37%MONSANTO CO 9.26%ASSOCIATED BRITISH FOODS PLC 8.74%ARCHER-DANIELS-MIDLAND CO 7.97%TYSON FOODS INC 6.11%BUNGE LTD 5.74%BRF SA 5.17%Potash Corp Of Saskatchewan Inc USD 5.06%Kubota Corp 4.63%AGRIUM INC 4.08%INGREDION INC 3.99%WILMAR INTERNATIONAL LTD 3.23%Marine Harvest ASA 2.76%The Mosaic Company Limited 2.73%CF INDUSTRIES HOLDINGS INC ORD SHS 2.18%YARA INTERNATIONAL ASA 1.86%Sociedad Quimica yMinera de Chile SA 1.76%Uralkaliy OJSC SHS GDR 1.40%GOLDEN AGRI-RESOURCES LTD 0.99%Israel Chemicals Ltd 0.49%Nippon Meat Pack Ord 0.45%Cash & Current Assets 2.85%Net receivables / payables -0.48%Total 100.00%



%

Legg Manson Martin Currie Global Resources Fund 45.41%First State Glob Umbrella Fund Global Res Fund - I 41.53%Cash & Current Assets 15.09%Net receivables / payables -2.02%Total 100.00%



%

ING (L) Invest Global Real Estate - I Cap USD 95.67%Cash & Current Assets 5.33%Net receivables / payables -1.00%Total 100.00%

Birla Sun Life Gold ETF


%

Gold 99.62%Cash & Current Assets 0.32%Net receivables / payables 0.06%Total 100.00%

Birla Sun Life Gold Fund


%

Birla Sun Life Gold ETF 99.03%Cash & Current Assets 1.12%Net receivables / payables -0.15%Total 100.00%

Birla Sun Life Asset Allocator Multi Manager FoF Scheme


%

Birla Sun Life Short Term Fund Grwth - Direct Plan 30.98%IDFC Dynamic Bond Fund-Direct Plan-Growth 18.23%MOSt Focused Multicap 35-Direct Plan-Growth Option 16.62%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 9.83%SBI Blue Chip Fund-Direct Plan -Growth 7.56%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 5.78%Cash & Current Assets 16.32%Net receivables / payables -5.32%Total 100.00%

Birla Sun Life Financial Planning FOF-Aggressive Plan


%

MOSt Focused Multicap 35-Direct Plan-Growth Option 17.12%Birla Sun Life Advantage Fund - Gr - Dir Pl 15.71%Birla Sun Life Frontline Eq Fd - Gr - Direct Plan 14.27%Mirae Asset India Opp'ties Fund-Direct Plan-Growth 13.06%Birla Sun Life Cash Plus - Growth - Direct Plan 12.53%SBI Blue Chip Fund-Direct Plan -Growth 12.34%Birla Sun Life MediumTerm Plan -Gr - Direct Plan 5.86%Reliance ETF Gold BeES 2.72%IDFC Dynamic Bond Fund-Direct Plan-Growth 2.51%Birla Sun Life Short Term Fund Grwth - Direct Plan 2.10%Kotak MF Gold ETF 1.60%Cash & Current Assets 0.31%Net receivables / payables -0.14%Total 100.00%

81

Portfolio



Note: The above Allocation is As on April 30, 2017 as per Industry classification as recommended by AMFI.

Birla Sun Life EnhancedArbitrage Fund

Allocation as a % of Net Assets %

Finance 11.92%Margin Fixed Deposit 11.19%Money Market Instruments 10.78%Corporate Debt 7.48%Banks 5.57%Auto 5.51%Consumer Non Durables 5.13%Power 5.09%Pharmaceuticals 4.16%Cement 3.70%Construction Project 3.28%Ferrous Metals 3.23%Media & Entertainment 2.25%Petroleum Products 2.15%Software 1.85%Industrial Capital Goods 1.62%Non - Ferrous Metals 1.34%Services 1.24%Construction 1.08%

Birla Sun Life EnhancedArbitrage Fund


Auto Ancillaries 1.06%Transportation 1.05%Oil 0.97%Pesticides 0.76%Minerals/Mining 0.55%Industrial Products 0.52%Healthcare Services 0.47%Consumer Durables 0.38%Gas 0.34%Chemicals 0.30%Telecom - Services 0.15%Textile Products 0.09%Textiles - Cotton 0.05%Futures and Options -66.15%Cash & Current Assets 3.24%Net receivables / payables 67.66%Total Net Assets 100.00%

Industry Allocation

SAVINGS SOLUTIONS

WEALTH CREATION SOLUTIONS

Birla Sun Life Balanced ‘95 Fund


Banks 13.79%Government Bond 10.39%Finance 7.65%Pharmaceuticals 6.28%Corporate Debt 6.19%Auto 5.59%Consumer Non Durables 5.49%Petroleum Products 3.72%Software 3.50%Non - Ferrous Metals 3.38%Media & Entertainment 3.14%Industrial Capital Goods 2.72%Consumer Durables 2.42%State Government Bond 2.41%Power 1.71%Cement 1.69%Industrial Products 1.69%Pesticides 1.51%Gas 1.42%Chemicals 1.35%Floating Rate Note 1.20%Construction Project 1.16%Auto Ancillaries 0.95%Healthcare Services 0.67%Retailing 0.35%Engineering Services 0.25%Ferrous Metals 0.19%Telecom - Services 0.16%WARRANT 0.11%Miscellaneous 0.00%SWAP -0.001%Cash & Current Assets 8.95%Total Net Assets 100.00%

Birla Sun Life Balanced Advantage Fund


Banks 14.90%Corporate Debt 14.39%Petroleum Products 8.22%Gas 6.87%Consumer Non Durables 5.54%Non - Ferrous Metals 4.52%Auto 4.24%Finance 4.23%Power 3.58%Industrial Capital Goods 3.05%Money Market Instruments 2.84%Industrial Products 2.19%Software 2.10%Pharmaceuticals 1.99%Cement 1.69%Chemicals 1.62%Ferrous Metals 1.30%Telecom - Equipment & Accessories 1.14%

Media & Entertainment 0.43%Construction Project 0.36%Auto Ancillaries 0.26%Consumer Durables 0.22%Futures and Options -25.88%Cash & Current Assets 11.13%Net receivables / payables 29.07%Total Net Assets 100.00%

Birla Sun Life Equity Savings Fund

Allocation as a % of Net Assets %Finance 15.95%Banks 13.02%Government Bond 8.45%Consumer Non Durables 6.30%Petroleum Products 5.49%Auto 5.16%Money Market Instruments 4.80%Pharmaceuticals 4.74%Construction Project 3.37%Cement 2.17%Healthcare Services 1.63%Oil 1.63%Industrial Capital Goods 1.46%Industrial Products 1.44%Non - Ferrous Metals 1.35%Auto Ancillaries 1.34%Services 1.26%Textile Products 0.80%Pesticides 0.66%Chemicals 0.49%Software 0.45%Engineering Services 0.40%Minerals/Mining 0.39%Consumer Durables 0.38%Power 0.37%Retailing 0.24%Futures and Options -28.84%Cash & Current Assets 11.45%Net receivables / payables 33.61%Total Net Assets 100.00%

Birla Sun Life Index Fund


Futures and Options 27.23%Banks 18.70%Software 8.43%Auto 7.54%Consumer Non Durables 7.33%Petroleum Products 6.47%Finance 5.70%Pharmaceuticals 3.71%Construction Project 2.97%Cement 2.32%Power 2.13%Oil 1.09%Telecom - Services 0.97%Minerals/Mining 0.75%Ferrous Metals 0.63%Media & Entertainment 0.60%Transportation 0.55%Gas 0.55%Non - Ferrous Metals 0.52%Auto Ancillaries 0.44%Telecom - Equipment & Accessories 0.39%

Cash & Current Assets 22.85%Net receivables / payables -21.84%Total Net Assets 100.00%


82



Birla Sun Life Equity Fund


Banks 17.47%Consumer Non Durables 9.04%Cement 7.92%Finance 7.81%Non - Ferrous Metals 6.62%Pharmaceuticals 6.58%Auto 5.43%Software 5.00%Petroleum Products 4.23%Chemicals 3.80%Telecom - Services 3.12%Power 2.27%Media & Entertainment 1.81%Ferrous Metals 1.60%Consumer Durables 1.29%Auto Ancillaries 1.20%Gas 1.15%Industrial Products 1.03%Telecom - Equipment & Ac-cessories 1.01%

Engineering Services 0.46%Industrial Capital Goods 0.29%Transportation 0.28%Textile Products 0.23%Miscellaneous 0.00%Cash & Current Assets 13.18%Net receivables / payables -2.79%Total Net Assets 100.00%

Birla Sun Life Frontline Equity Fund


Banks 19.99%Finance 10.36%Consumer Non Durables 8.89%Auto 8.47%Petroleum Products 7.96%Software 7.27%Pharmaceuticals 6.88%Non - Ferrous Metals 3.63%Power 2.84%Cement 2.64%Consumer Durables 2.48%Construction Project 2.16%Industrial Capital Goods 2.00%Media & Entertainment 1.55%Gas 1.38%Auto Ancillaries 1.30%Industrial Products 1.16%Pesticides 0.91%Ferrous Metals 0.75%Exchange Traded Fund 0.55%Construction 0.52%Minerals/Mining 0.49%Telecom - Services 0.34%WARRANT 0.24%Corporate Debt 0.03%Futures and Options -1.41%Cash & Current Assets 4.49%Net receivables / payables 2.15%Total Net Assets 100.00%

Birla Sun Life Top 100 Fund


Banks 19.65%Petroleum Products 8.17%Pharmaceuticals 7.54%Auto 7.51%Software 6.81%Finance 6.49%Consumer Non Durables 6.16%Non - Ferrous Metals 5.18%Cement 4.90%Power 3.46%Industrial Capital Goods 2.82%Consumer Durables 2.38%Gas 1.87%Exchange Traded Fund 1.19%Pesticides 1.16%Media & Entertainment 1.14%Construction Project 1.14%Industrial Products 1.12%Ferrous Metals 1.03%Auto Ancillaries 0.90%Telecom - Services 0.44%WARRANT 0.35%Corporate Debt 0.05%Futures and Options -1.37%Cash & Current Assets 7.75%Net receivables / payables 2.13%Total Net Assets 100.00%

Birla Sun Life Advantage Fund


Banks 21.06%Finance 12.85%Auto 12.35%Petroleum Products 7.83%Cement 7.14%Consumer Non Durables 6.57%Non - Ferrous Metals 6.28%Pharmaceuticals 6.08%Construction Project 3.33%Pesticides 2.84%Gas 2.66%Industrial Capital Goods 1.84%Telecom - Services 1.34%Software 1.14%Transportation 1.01%Industrial Products 0.84%Textile Products 0.77%Auto Ancillaries 0.68%Media & Entertainment 0.40%Consumer Durables 0.20%Miscellaneous 0.03%Cash & Current Assets 2.37%Net receivables / payables 0.39%Total Net Assets 100.00%

Birla Sun Life MNC Fund


Consumer Non Durables 16.77%Finance 12.47%Pharmaceuticals 11.40%Industrial Capital Goods 8.77%Auto Ancillaries 7.32%Pesticides 7.10%Consumer Durables 6.89%Auto 6.67%Banks 6.10%Industrial Products 4.35%Services 4.19%Transportation 3.75%Cement 1.19%Petroleum Products 1.12%Commercial Services 0.81%Software 0.52%Construction 0.45%Corporate Debt 0.01%Miscellaneous 0.00%Cash & Current Assets 0.25%Net receivables / payables -0.12%Total Net Assets 100.00%

Birla Sun Life Midcap Fund


Finance 11.30%Banks 8.64%Industrial Products 6.46%Pharmaceuticals 6.31%Petroleum Products 5.38%Auto Ancillaries 4.92%Consumer Durables 4.76%Construction 4.75%Construction Project 4.40%Cement 4.28%Consumer Non Durables 3.87%Gas 3.74%Chemicals 3.47%Industrial Capital Goods 3.15%Non - Ferrous Metals 3.07%Software 2.36%Pesticides 1.60%Commercial Services 1.52%Textile Products 1.51%Transportation 1.21%Services 1.15%Auto 0.91%Healthcare Services 0.90%Media & Entertainment 0.69%Cash & Current Assets 8.70%Net receivables / payables 0.95%Total Net Assets 100.00%

Birla Sun Life Small & Midcap Fund


Finance 9.06%Banks 7.31%Pharmaceuticals 7.10%Construction 7.03%Industrial Products 6.30%Industrial Capital Goods 5.36%Consumer Non Durables 4.56%Ferrous Metals 4.46%Software 4.29%Gas 4.16%Consumer Durables 3.67%Auto Ancillaries 3.46%Cement 2.93%Construction Project 2.44%Petroleum Products 2.38%Chemicals 2.34%Media & Entertainment 2.29%Textile Products 2.02%Pesticides 1.68%Retailing 1.23%Cash & Current Assets 14.90%Net receivables / payables 1.03%Total Net Assets 100.00%

Birla Sun Life Pure Value Fund


Banks 14.56%Petroleum Products 12.66%Finance 11.30%Chemicals 7.05%Industrial Products 6.89%Gas 6.71%Pharmaceuticals 6.28%Pesticides 5.61%Cement 5.16%Consumer Durables 5.03%Textile Products 3.71%Healthcare Services 1.95%Construction Project 1.90%Ferrous Metals 1.49%Software 1.48%Construction 1.22%Industrial Capital Goods 0.81%Transportation 0.44%Cash & Current Assets 3.09%Net receivables / payables 2.66%Total Net Assets 100.00%

83

Industry Allocation







Consumer Non Durables 18.64%Auto 14.98%Cement 11.01%Pharmaceuticals 9.78%Non - Ferrous Metals 8.59%Auto Ancillaries 7.15%Chemicals 7.09%Industrial Products 6.40%Industrial Capital Goods 3.91%Consumer Durables 3.15%Pesticides 2.54%Ferrous Metals 2.25%Construction Project 1.55%Textile Products 1.51%Cash & Current Assets 1.01%Net receivables / payables 0.44%Total Net Assets 100.00%

Birla Sun Life India Reforms Fund


Banks 28.37%Finance 20.50%Auto 17.49%Construction Project 9.22%Non - Ferrous Metals 5.14%Petroleum Products 2.84%Transportation 2.43%Industrial Products 2.38%Pharmaceuticals 2.33%Gas 2.31%Engineering Services 1.81%Industrial Capital Goods 1.38%Pesticides 1.02%Media & Entertainment 0.10%Cash & Current Assets 1.55%Net receivables / payables 1.14%Total Net Assets 100.00%

Birla Sun Life Infrastructure Fund


Industrial Products 12.52%Industrial Capital Goods 11.53%Finance 8.32%Cement 8.07%Construction 7.77%Non - Ferrous Metals 7.73%Banks 7.43%Petroleum Products 5.51%Construction Project 5.47%Gas 5.42%Consumer Durables 3.60%Power 3.22%Engineering Services 2.71%Auto Ancillaries 2.69%Chemicals 2.07%Consumer Non Durables 1.88%Ferrous Metals 1.26%WARRANT 0.51%Cash & Current Assets 1.62%Net receivables / payables 0.67%Total Net Assets 100.00%

Birla Sun Life International Equity Fund - Plan A


United States 64.28%France 5.63%Australia 4.93%Germany 4.64%Sweden 3.37%Swaziland 3.10%Hong Kong 2.95%Norway 2.86%Netherlands 2.39%Switzerland 1.99%Korea, Republic Of 1.91%Cash & Current Assets 3.46%Net receivables / payables -1.52%Total Net Assets 100.00%


Allocation as a % of Net Assets %Banks 14.78%United States 14.16%Finance 10.21%Industrial Products 5.27%Consumer Non Durables 5.22%Petroleum Products 5.15%Auto 5.13%Software 4.64%Non - Ferrous Metals 4.18%Textile Products 4.11%Cement 2.94%Pharmaceuticals 2.86%Power 1.63%Media & Entertainment 1.49%Gas 1.22%France 1.19%Germany 1.13%Australia 1.03%Construction Project 1.03%Consumer Durables 1.03%Retailing 0.91%Services 0.68%Swaziland 0.67%

Birla Sun Life New Millennium Fund


Software 86.55%Media & Entertainment 6.89%Industrial Products 2.85%Telecom - Services 1.83%Miscellaneous 0.00%Cash & Current Assets 2.11%Net receivables / payables -0.23%Total Net Assets 100.00%



Allocation as a % of Net Assets %Software 34.61%Pharmaceuticals 17.11%Industrial Products 12.32%Non - Ferrous Metals 7.92%Industrial Capital Goods 7.07%Auto Ancillaries 4.92%Petroleum Products 4.24%Pesticides 3.64%Textile Products 2.75%Finance 2.51%Construction Project 0.72%Miscellaneous 0.00%Cash & Current Assets 1.17%Net receivables / payables 1.01%Total Net Assets 100.00%

Birla Sun Life Banking And Financial Services Fund


Banks 55.35%Finance 42.06%Cash & Current Assets 0.28%Net receivables / payables 2.32%Total Net Assets 100.00%

Birla Sun Life Dividend Yield Plus


Banks 13.52%Petroleum Products 9.90%Industrial Products 7.98%Non - Ferrous Metals 7.94%Pharmaceuticals 7.60%Finance 6.53%Software 6.05%Cement 5.57%Consumer Non Durables 5.29%Textile Products 4.54%Media & Entertainment 4.44%Gas 2.81%Pesticides 2.78%Industrial Capital Goods 2.41%Chemicals 2.10%Power 1.94%Transportation 1.67%Hotels, Resorts And Other Recreational Activities 1.17%

Auto 1.01%International Equity 0.93%Consumer Durables 0.91%Minerals/Mining 0.47%Healthcare Services 0.46%Auto Ancillaries 0.43%Exchange Traded Fund 0.28%Futures and Options -0.67%Cash & Current Assets 0.02%Net receivables / payables 1.92%Total Net Assets 100.00%



Banks 22.53%Software 9.90%Consumer Non Durables 8.55%Finance 7.81%Petroleum Products 7.12%Auto 6.31%Non - Ferrous Metals 5.40%Pharmaceuticals 4.05%Pesticides 3.93%Chemicals 3.48%Industrial Products 3.01%Construction Project 2.63%Healthcare Services 2.02%Construction 1.79%Cement 1.70%Consumer Durables 1.62%Industrial Capital Goods 1.59%Auto Ancillaries 1.19%Media & Entertainment 1.15%Ferrous Metals 1.15%Telecom - Services 0.82%Cash & Current Assets 3.01%Net receivables / payables -0.76%Total Net Assets 100.00%

Birla Sun Life India GenNext Fund

Allocation as a % of Net Assets %Consumer Non Durables 19.44%Banks 16.62%Finance 14.15%Auto 9.91%Cement 7.04%Consumer Durables 6.31%Petroleum Products 4.73%Pharmaceuticals 4.58%Media & Entertainment 3.34%Healthcare Services 2.39%Construction Project 1.45%Services 1.07%Auto Ancillaries 0.89%Retailing 0.82%Transportation 0.80%Chemicals 0.57%Textile Products 0.39%Miscellaneous 0.00%Cash & Current Assets 5.52%Net receivables / payables -0.02%Total Net Assets 100.00%


Allocation as a % of Net Assets %Sweden 0.65%Korea, Republic Of 0.61%Netherlands 0.60%Switzerland 0.60%Norway 0.58%Hong Kong 0.57%Industrial Capital Goods 0.03%Cash & Current Assets 6.31%Net receivables / payables -0.60%Total Net Assets 100.00%

84




Birla Sun Life CommodityEquities Fund - Global Agri Plan

(GAP)Allocation as a % of Net Assets %

United States 58.08%Switzerland 18.40%Japan 5.08%Norway 4.62%Mauritius 4.22%Canada 4.08%Chile 1.76%Russian Federation 1.40%Cash & Current Assets 2.85%Net receivables / payables -0.48%Total Net Assets 100.00%



Mutual Fund Units 86.93%Cash & Current Assets 15.09%Net receivables / payables -2.02%Total Net Assets 100.00%




Birla Sun Life Gold ETF


GOLD 99.62%Cash & Current Assets 0.32%Net receivables / payables 0.06%Total Net Assets 100.00%

Birla Sun Life Gold Fund


Exchange Traded Fund 99.03%Cash & Current Assets 1.12%Net receivables / payables -0.15%Total Net Assets 100.00%

Birla Sun Life Asset Allocator Multi Manager Fof Scheme



Birla Sun Life Financial Planning FOF-Aggressive Plan


Mutual Fund Units 95.50%Exchange Traded Fund 4.32%Cash & Current Assets 0.31%Net receivables / payables -0.14%Total Net Assets 100.00%

Birla Sun Life Tax Plan


Auto Ancillaries 15.48%

Banks 12.89%

Pharmaceuticals 9.43%

Finance 8.06%

Consumer Non Durables 7.95%

Cement 5.71%

Pesticides 5.68%

Industrial Capital Goods 5.26%

Consumer Durables 4.93%

Auto 3.73%

Software 3.39%

Services 2.97%

Media & Entertainment 2.76%

Petroleum Products 2.73%

Transportation 2.45%

Retailing 2.30%

Construction Project 1.66%

Industrial Products 1.27%

Non - Ferrous Metals 0.74%

Miscellaneous 0.00%


Net receivables / payables -0.27%Total Net Assets 100.00%

TAX SAVINGS SOLUTIONS

Birla Sun Life Tax Savings Fund



Banks 13.14%


Finance 7.91%


Cement 5.73%

Pesticides 5.50%



Auto 3.46%

Software 3.42%

Services 2.85%




Retailing 2.21%






Birla Sun Life Tax Relief ‘96



Banks 12.82%


Finance 8.05%


Pesticides 5.67%

Cement 5.59%



Auto 3.72%

Software 3.34%

Services 2.97%




Retailing 2.30%




Miscellaneous 0.00%



85http://mutualfund.birlasunlife.com https://twitter.com/bslmf


Fund Manager : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.Application Amount for Fresh Subscription : This is the minimum investment amount for a new investor in a mutual fund scheme.Minimum Additional Amount : This is the minimum investment amount for an existing investor in a mutual fund scheme.Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.SIP : SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests ` 500 every 15th of the month in an equity fund for a period of three years.NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.Benchmark : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec.Entry Load : A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is ` 100 and the entry load is 1%, the investor will enter the fund at ` 101.Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.Exit Load : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is reduced from the prevailing NAV at the time of redemption. The investor will receive redemption proceed at net value of NAV less Exit load. For instance if the NAV is ` 100 and the exit load is 1%, the investor will receive ` 99.Modified Duration : Modified duration is the price sensitivity and the percentage change in price for a unit change in yieldStandard Deviation : Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.Beta : Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.Holdings : The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

Glossary Page

86

Birla Sun Life Asset Management Company Limited (Investment Manager for Birla Sun Life Mutual Fund)One IndiaBull Centre, Tower 1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone ROad, Mumbai - 400 013. CIN: U65991 MH1994PLC080811.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

birla empower web · 2017. 8. 28. · (source: imd) portfolio positioning-we saw further slowdown...

Documents