does your tax saving scheme provide you a critical illness€¦ · · 2012-03-20for further...

J a n u a r y 2 0 0 9

Past performance is no guarantee of future results. 4 fund houses were eligible out of a universe of 26. Period: 4 quarterly CPRs in 2007.

For award methodology and For further details of Birla Sun Life Tax Relief ‘96 & Critical Illness Insurance refer page 2

SAVE

GROW YOUR MONEY

CRITICAL ILLNESS INSURANCE

TAX A nk Sav hem

( n open ended Equity Li ed ings Sc e ( t k- of s

ELSS) wi h a loc in 3 year )

l S iBir a un L fe T x Ra elief ‘96

Does your tax savingscheme provide you a critical illness cover?

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

Award methodology: CNBC TV18 Crisil Mutual Fund House of the Year: Birla Sun Life Mutual Fund, Category - Mutual Fund House of the Year, out of 26 Fund houses. Fund Houses winning at least two awards for their schemes in the category level awards for 2007 were considered for the award based on consistency of fund house's performance across various scheme categories in the four quarterly CRISIL CPR rankings released during the calendar year 2007. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses. Detailed methodology available at www.crisil.com. Lipper Ranking: Birla Sun Life Tax Relief '96 (BSLTR'96): 3rd Rank (Top Performing Equity funds in the world) - 10 yr performance (1997 - 2007), Equity Funds, No. of Schemes: 6302. BSLTR’96 has been ranked 3rd among the top 100 equity funds in the world on the basis of Consistent Return (Effective Return) value. Entry / Exit load not considered. Ranking source: Lipper - A Reuter Co. Past performance is no guarantee of future results.Disclaimers: Investors are requested to refer to the complete terms and conditions for Yearly SIP with Critical Illness Insurance as mentioned in addendum dated Dec 03, 2008 before availing the same. Regular Investment without Critical Illness Insurance also available. BSLAMC reserves a right to modify / terminate the said Group Critical Illness Insurance on a prospective basis for new as well as for existing customers, with a notice of 30 days. Statutory Details: Constitution: Birla Sun Life Mutual Fund has been set up as a Trust under the Indian Trust Act, 1882. Sponsors: Aditya Birla Nuvo Limited & Sun Life (India) AMC Investments Inc [liability restricted to seed corpus of Rs. 1 Lac]. Trustee: Birla Sun Life Trustee Company Pvt. Ltd. Investment Manager: Birla Sun Life Asset Management Company Ltd. Scheme Classification, Objective and Load Structure: Birla Sun Life Tax Relief ’96: (An Open ended Equity Linked Savings Scheme) with a lock in of 3 yrs from date of allotment 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. Load Structure (Incl. SIP transactions) Entry Load: For Purchase / Switch-in of units less than Rs. 5 crores in value: 2.25%. For Purchase / Switch-in of units equal to or greater than Rs. 5 crores in value: Nil. For Direct Applications: Nil. Exit Load: Nil. Load Structure for Yearly SIP with Critical Illness Insurance: Entry Load: For Purchase of units under Yearly SIP with Critical Illness Insurance: 2.50% of the applicable NAV. For Direct Applications: Nil. Exit Load: Nil. Risk Factors: Mutual Funds & securities investments are subject to market risks & there can be no assurance or guarantee that the objective of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme may go up or down depending on the various factors & forces affecting capital markets & money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Scheme & may not necessarily provide a basis of comparison with other investments. The name of the Scheme does not, in any manner, indicate either the quality of the Scheme or its future prospects or returns. Unitholders in the Scheme are not being offered any guaranteed/assured returns. The Group Critical Illness Insurance will be governed by the terms, conditions and exclusions of the insurance policy with the relevant Insurance Company as determined by the Birla Sun Life Asset Management Co. Ltd.. Insurance is subject matter of solicitation. For further Scheme Specific Risk Factors & other details please read the Offer Document available at Investor Service Centres and with Distributors carefully before investing.

Save Tax upto Rs. 33,990

Insurance cover up to Rs. 10 Lac.

against 9 critical illnesses

Critical Illnesses Insured: • Heart Attack (Myocardial Infarction)• Bypass Surgery (Coronary Artery by Pass Graft

Surgery) • Cancer• Paralysis• Major Organ Transplant • Kidney Failure (End Stage Renal Failure)• End stage Liver disease • Heart Valve Replacement • Stroke

Easy Claim Procedure:

• Call Insurance company (ICICI Lombard : 1-800-209-8888) within 60 days of diagnosis of disease

• Submit your doctor’s reports to the Insurance company along with a claim form

• Insurance payment will be made within 12 working days of submitting all completed documents

No need to pay separate premium

Critical illness insurance is an add-on feature. You need not pay a separate premium for

availing the insurance benefit

Dividends mentioned above were on a face value of Rs. 10/unit. After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.

Ranked 3rd among Top World by Lipper for its consistent performance.

Equity Funds (6302 funds), 10 yrs ended 31 Dec 07. Past performance is no guarantee of future results. For

ranking methodology, please see disclaimer

Performing Equity Funds in the

World’s Equity Fund

3rd Best Had you invested Rs 1 Lac on 29th

March 1996, you would have earned

Rs. 21.6 Lac in Tax – free dividends alone!!! under section 80 C of the Income Tax Act,

1961.

Irrespective of actual expenditure incurred on treatment

Tax savings of Rs. 33,990 is calculated assuming qualifying amount of deduction is Rs. 1 lac & taxable income > Rs. 10 lac. & includes applicable surcharge & education cess.

Full Insurance cover paid on diagnosis

New Benefit

Market OutlookJ a n u a r y 2 0 0 9

Our Investment Team (In alphabetical order)

A. Balasubramanian Chief Investment Officer

Achala Kanitkar Research Analyst - Equity

Ajay Argal Co - Head Equity

Ajay Garg Fund Manager - Equity

Ankit Sancheti Fund Manager - Equity

Atul Penkar Fund Manager - Equity

Hemang Dagli Sr. Dealer - Equity & Deri. Specialist

Hina Sampat Executive - Knowledge Management

Lokesh Mallya Credit Analyst-Fixed Income

Mahesh Patil Co - Head Equity

Maneesh Dangi Co - Head Fixed Income

Paresh Khandelwal Equity Analyst

Prasad Dhonde Fund Manager - Debt

Sanjay Chawla Fund Manager - Equity

Satyabrata Mohanty Co - Head Fixed Income

Sujit Patki Dealer-Equity

Sunaina da Cunha Fund Manager - Debt

Vineet Maloo Fund Manager - Equity

Rewinding of year 2008 and outlook for 2009

Year 2008 can be termed as one of the most exacting years for investors and policy makers alike. Only a few could have anticipated the severity of the problem which hit the survival of long established financial firms in US like Lehman Bros, AIG and several others. There is now a perceived consensus that the Central Bankers were initially fighting inflation at a time when they should have been worried about the impending deflationary scenario.

Undoubtedly, the last year has taught us many lessons, which will help in building our economy, systems and institutions even stronger to pave way for greater tomorrow. The biggest learning for us has been understanding of the futility of Mean-variance frameworks in market such as these and learning how inadequate and incompetent our risk management models and policies are, to capture the extent of downside, which is destructive and recurring. Thus, preparedness for such events is unavoidable especially in financial markets.

The key problem in the world today is demand disappearance in G-7 countries, due to falling income, wealth destruction (falling home and equities prices) and non-availability of finance for consumers. There are tentative signs that monetary easing and fiscal stimulus are beginning to work if the usual indicators such as contracting TED spreads, LIBOR-OIS spreads, Agency-OIS spreads in most of the OECD countries, especially in US are to go by. However, banks’ unwillingness to onlend is hurting as lending standards remain tight and private sector borrowing rates remain unusually high. Left on their own, private financiers would lend restrictively and, given the deteriorating economic conditions, cause debt deflation in the world.

Fortunately, in India, the consumer sentiment and banking systems confidence haven’t turned as bad due to relatively lower leverage amongst economic agents. Bigger problem in India is availability of money for the banking sector to finance industry. Last year, industry (including services) borrowed about $75bn from banking sectors whereas ECB, short term borrowing and Equity capital from abroad financed more than $60bn. Frozen credit and equity markets mean that the entire burden of financing falls on the Indian banking system. This had led to spike in interest rates in the past 6 months but our policy makers have responded with alacrity with aggressive monetary easing which has lowered rates in the past few weeks. Given the strained government finances, we don’t expect substantial fiscal stimulus in India. Since the Indians are less indebted, easier interest rates and lending standards may help kick start the economy.

We believe India stands a great chance to attract huge risk capital, given its unique demographic advantage, which insulates itself from sudden-crash in demand. Also, India has largely remained under invested for decades and that is a primary reason why Indian corporations earn higher RoEs relative to not only G-7 countries but their Asian counterparts.

Outlook

We believe that 2009 will be much less eventful relative to 2008. We will witness lower volatility and sobering return expectations across the globe.

The central bankers across the globe have shown their intent and capacity in fighting the current recessionary economic environment. We are likely to see zero bound rate regimes in most of the developed world along with steep deficit financed fiscal stimulus. Though, dramatic scale of policy stimulus is bound to create unintended excesses and distortions. Given the slump in housing market and continuous deleveraging of G-7 consumer, goods inflation remain unlikely (markets too, are pricing a deflation for next few years) Policy stimulus is more likely to show up again in asset prices than consumer inflation.

Emerging world’s policy response will be as sharp as developed world (helped by lower commodity prices), though they do not face the same credit headwinds that are constraining the developed world’s growth. Thus, countries such as India and China will gain prominence in the world economy with higher share in world GDP and capital allocation for investments. By the middle of 2009, as the policy reflation yield results, we will see larger capital getting allocated to riskier asset classes. We expect corporate bond spreads, precious metals, emerging market equities to do well.

The current gloom doom scenario offers India a great opportunity to take a big leap forward. This will have to be supported largely by Policy makers’ initiative to gain powerful position in the world. We believe the revival of spending on infrastructure can not be left alone to Private sector which has been the case so far. We believe the Government can do lot more in attracting overseas investors through FDI as well as Public sector reform to raise enough resources to sustain the economic spending.

India is likely to see a typical late cyclical slow down in investment growth as businesses realign to the slower growth regime compared to recent past. Higher saving rates in our country will ensure that our interest rates go much below previous cycle, since more money will chase fixed income instruments. Therefore, bond market would remain buoyant in general supported by low interest rate policy regime. Corporate bond spreads should also come down crashing on the back of lack of demand for funds domestically and improvement in willingness to lend by overseas investors. Also, given the interest rate differential between India and overseas market, increased dollar remittance would not only make the rupee appreciate against USD, it will also improve the overall Balance of Payments of the country.

We expect consumer sentiment to look up in the coming year purely on the back of low interest rate, high savings rate and largely well insulated rural economy. Fall in commodity prices would significantly benefit India Inc in terms of cost savings. With private sector Oil & Gas output expected to come on stream, we will improve on our energy dependency as well.

All these augur well for revival in equity market sentiment. The macro changes would drive up the participation from long term investors into equity market in the early part of 2009 itself. Though it is difficult to time the market, we feel most of the recent negative events are getting priced in. The recent monetary and fiscal measures could help in reviving the economy in the first half of 2009 itself.

Recommendations

We recommend clients to add duration to their portfolio, since the rates are headed downward. One would expect AAA corporate bonds to do better over next one year, as we envisage spread squeeze for good quality corporate papers. We also foresee short terms CD/CP rates to come down dramatically. A bullish flattening is likely to play out in the first half of 2009, eventually resulting in a very steep curve due to very low short term rates. We advise clients to remain invested in Income and dynamic bond funds across the year.

We believe that corporate earnings will be in stress for the first half of 2009, but market will bottom out before that. Indian equities would outperform developed markets, and deliver superior returns over next 3-5 years. We advise clients to add equity exposure across the first half of 2009 and go overweight on this asset class by the end of the year.

From investment theme point of view we like companies/sectors catering to domestic demand specifically those geared towards rural consumers or interest rate sensitives. Therefore, we like consumer staples and telecom companies which will benefit as the large consumption potential of rural India plays out. The sectors that we favour also include banks and autos (particularly passenger vehicles) as key cyclical picks. In addition, in the infrastructure space power generation companies & related equipment manufacturers look attractive given the ongoing government supported capex in the sector. As independent themes we also prefer private sector upstream oil & gas companies on account of their attractive exploration potential. PSU oil companies are also likely to stand out should the government’s intent to allow their product pricing to become more flexible materialize, leading to profitability improvement We are less inclined towards export oriented or commodity businesses as they are likely to witness pressure due to global headwinds.

We retain a penchant for large companies with strong balance sheets who would be able to fund their operations and expansions at very attractive rates. We advise clients to invest in Top-100, Frontline equity, dividend yield and balance funds incrementally across 2009.

03

Birla Sun Life Equity FundJ a n u a r y 2 0 0 9

As on December 31, 2008

Fund Details

Fund Manager :Managing Fund Since : October 01,2006Total Experience : 16 yearsDate of inception : August 27, 1998Nature of the scheme : An open - ended Growth Scheme

Default option : Dividend ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : Available Plan (SIP)Systematic Withdrawal : Available Plan (SWP)Systematic Transfer : AvailablePlan (STP) Actual Recurring expenses : 2.03%for the previous financial year ended March 31, 2008 (%) of NAV

Dividend : 42.93( )Growth : 133.20

Benchmark : BSE 200Average AUM : Rs. 736.02 Crores

Entry Load* : < Rs. 5 crores - 2.25%³ Rs. 5 crores - Nil

Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months ³ Rs. 5 crores - Nil*For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.

Standard Deviation : 32.03%##Sharpe Ratio : -0.09

Beta : 0.93Annual Portfolio Turnover ratio : 4.23 times

Mr. Mahesh Patil

Payout, Reinvestment & Sweep

Key Features

Plans / Options & NAV

Load Structure (Incl for SIP)

Other Parameter

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI##Risk-free rate assumed to be 4.65%(91 day T-bill yield as on December 31, 2008)

(Past performance is no guarantee of future results.) for ranking methodology please refer page 51

CRISIL~CPR 1^^Birla Sun Life Equity Fund

Diversified Equity Scheme ( Schemes), 2 26 Yrs ended 30-Sep-08

««««Value Research Rating#Birla Sun Life Equity Fund

Equity Diversified (218 Schemes), 5 Years ended 31-Dec-08

04

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.

Investment Objective

Birla Sun Life Equity Fund - Growth BSE 200

% R

etur

ns

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.

-56.52

1.73

18.53

28.41

-56.36

-0.84

8.5713.54

-70

-60

-50

-40

-30

-20

-10

0

10

20

30

40

1 Year

3 Years 5 Years Since Inception

Investment Performance

Systematic Investment Plan (SIP)

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Equity Fund...

Date of First Installment : October 01, 1998

The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future.

*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)

Banks 13.76HDFC Bank Ltd. 3.57ICICI Bank Ltd. 3.05State Bank of India 2.87Axis Bank Ltd. 2.77Indian Bank 1.50

Telecom-Services 9.32Bharti Airtel Ltd. 6.08Reliance Communications Ltd. 3.24

Petroleum Products 7.75Reliance Industries Ltd. 6.12Indian Oil Corporation Ltd. 1.62

Finance 7.26Housing Development Finance Corp Ltd. 3.58Rural Electrification Corporation Ltd. 1.21United Breweries Holdings Ltd. 1.17Infrastructure Deve Finance Com Ltd. 0.75India Infoline Ltd. 0.55

Industrial Capital Goods 5.17Bharat Heavy Electricals Ltd. 1.95Crompton Greaves Ltd. 1.79Thermax Ltd. 0.81Bharat Bijlee Ltd. 0.63

Consumer Non Durables 4.99ITC Ltd. 2.95United Spirits Ltd. 2.03

Software 4.36Infosys Technologies Ltd. 2.45

Satyam Computer Services Ltd. 1.48Megasoft Ltd. 0.43

Power 3.86CESC Ltd. 1.55KEC International Ltd. 0.96Tata Power Company Ltd. 0.90GVK Power & Infrastructure Ltd. 0.45

Oil 3.68Oil & Natural Gas Corporation Ltd. 3.68

Pharmaceuticals 2.94Dr. Reddy's Laboratories Ltd. 2.01Sun Pharmaceutical Industries Ltd. 0.90Maestro Mediline Systems Ltd. 0.03

Retailing 2.16Pantaloon Retail (India) Ltd. 1.98Pantaloon -Bonus - Class B Shares Ser 1 ** 0.18

Construction Projects 1.87Larsen & Toubro Ltd. 1.87

Media & Entertainment 1.54Balaji Telefilms Ltd. 0.87Jagran Prakashan Ltd. 0.67Magnasound India Ltd.** 0.00

Ferrous Metals 0.90Jindal Steel & Power Ltd. 0.90

Construction 0.80IVRCL Infrastructures & Projects Ltd. 0.80

Non - Ferrous Metals 0.73Sterlite Industries (India) Ltd. 0.73

Construction 0.67Jaiprakash Associates Ltd. 0.67

Diversified 0.58Hindustan Unilever Ltd. 0.58

Auto 0.14Maruti Suzuki India Ltd. 0.14

Future and Options 9.47I D FC Ltd. Fut Jan 2009 0.58CNX Nifty Fut Jan 2009 8.25Reliance Industries Ltd. FUT Jan 2009 0.65

Money Market / Fixed Income Instruments 20.71

Cash & Current Assets -2.67

Total Net Asset 100.00

Issuer % to NetAssets



Portfolio & Asset Allocation

** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 7.11%.

Since Inception 123000 239192 424353 12.43 22.77

Last 5 years 60000 59751 71548 -0.16 6.97

Last 3 years 36000 25742 27046 -20.58 -17.70

Last 1 year 12000 8036 8382 -54.62 -50.45

Investment Period Total Investment (Rs.) Birla Sun Life

Equity FundBirla Sun Life Equity Fund

BSE 200 BSE 200

Value (Rs.) of SIP in Returns (%)*

Value Blend Growth Size

Large

Mid

Small

Investment Style

Investment Style Box

Birla Sun Life Midcap FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Sanjay Chawla

Managing Fund Since : September 12,2007Total Experience : 18 years / 13 YearsDate of inception : October 03, 2002Nature of the scheme : An open - ended Growth Scheme


Dividend : 13.22( )

Growth : 47.70

Benchmark : CNX MidcapAverage AUM : Rs. 338.70 Crores





Mr. A. Balasubramaniam /


Key Features



Other Parameter





Consumer Non Durables 14.50Marico Ltd. 4.20ITC Ltd. 4.06Shaw Wallace Company Ltd. 2.23Colgate-Palmolive (India) Ltd. 1.81Balrampur Chini Mills Ltd. 1.70Asian Paints (India) Ltd. 0.50

Banks 14.23Union Bank of India 4.63Bank of India 3.32Indian Bank 1.76Axis Bank Ltd. 1.72Bank of Baroda 1.24Indian Overseas Bank 1.02Canara Bank 0.53

Petroleum Products 7.87Hindustan Petroleum Corporation Ltd. 3.49Bharat Petroleum Corporation Ltd. 3.20Castrol (India) Ltd. 1.18

Pharmaceuticals 6.60Lupin Ltd. 3.77Glenmark Pharmaceuticals Ltd. 2.76Divis Laboratories Ltd. 0.06

Power 5.16Jyoti Structures Ltd. 2.43Tata Power Company Ltd. 2.41

GVK Power & Infrastructure Ltd. 0.32

Construction 5.10IVRCL Infrastructures & Projects Ltd. 2.93Simplex Infrastructures Ltd. 1.90Unitech Ltd. 0.28

Fertilisers 4.09Tata Chemicals Ltd. 4.09

Industrial Products 3.39Sintex Industries Ltd. 3.39

Chemicals 3.23Solar Explosives Ltd. 3.23

Industrial Capital Goods 3.09Thermax Ltd. 1.02Crompton Greaves Ltd. 0.69Bharat Bijlee Ltd. 0.68Bharati Shipyard Ltd. 0.67AIA Engineering Ltd. 0.02

Minerals/Mining 2.49Nava Bharat Ventures Ltd. 2.49

Ferrous Metals 2.35Monnet Ispat Ltd. 1.70JSW Steel Ltd. 0.65

Auto Ancillaries 1.79Exide Industries Ltd. 1.73Apollo Tyres Ltd. 0.06

Pesticides 1.53United Phosphorus Ltd. 1.53

Software 1.21Tech Mahindra Ltd. 0.86Infotech Enterprises Ltd. 0.35

Consumer Durables 0.70Havells India Ltd. 0.70

Finance 0.57Power Finance Corporation Ltd 0.57

Media & Entertainment 0.37Sun TV Ltd. 0.37

Transportation 0.35Great Eastern Shipping Company Ltd. 0.35

Money Market / Fixed Income Instruments21.45


Total Net Asset 100


** Represents thinly traded / non traded securities. Total Percentage of thinly/non traded securities is 7.50%.

An open-ended growth scheme with the objective to achieve long-term growth of capital at controlled level of risk by primarily investing in midcap stocks.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Midcap Fund...


Date of First Installment : November 01, 2002




Midcap FundBirla Sun Life Midcap Fund

CNX Midcap CNX Midcap


Since Inception 74000 104182 121905 10.96 16.02

Last 5 years 60000 59947 67638 -0.03 4.73

Last 3 years 36000 25887 26585 -20.26 -18.71

Last 1 year 12000 8140 8221 -53.37 -52.41



Birla Sun Life Midcap Fund - Growth CNX Midcap

% R

etur

ns


-58.31

0.01

15.55

28.40

-59.29

-2.50

9.35

25.58

-70

-60

-50

-40

-30

-20

-10

0

10

20

30

40

1 Year



««««Value Research Rating#Birla Sun Life Midcap Fund

Equity Diversified (218 Schemes), 5 Years ended 31-Dec-08

05


Birla Sun Life Frontline Equity FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style



06

Fund Details

Fund Manager :Managing Fund Since : October 01,2006Total Experience : 16 yearsDate of inception : August 30, 2002Nature of the scheme : An open - ended Growth Scheme






Standard Deviation : 28.32%##Sharpe Ratio : 0.09


Mr. Mahesh Patil


Key Features



Other Parameter





Petroleum Products 9.69Reliance Industries Ltd. 6.77Indian Oil Corporation Ltd. 2.20Hindustan Petroleum Corporation Ltd. 0.73

Banks 9.54HDFC Bank Ltd. 3.30Axis Bank Ltd. 1.85ICICI Bank Ltd. 1.67State Bank of India 1.50Oriental Bank of Commerce 1.01Bank of Baroda 0.21


Industrial Capital Goods 5.76Bharat Heavy Electricals Ltd. 2.49Crompton Greaves Ltd. 1.82Bharat Electronics Ltd. 1.11Thermax Ltd. 0.34

Consumer Non Durables 5.42ITC Ltd. 2.42United Spirits Ltd. 1.86Nestle India Ltd. 1.14

Software 4.95Infosys Technologies Ltd. 3.08Tata Consultancy Services Ltd. 1.05Satyam Computer Services Ltd. 0.81


Finance 3.86HDFC Ltd. 3.02Rural Electrification Corporation Ltd. 0.84

Pharmaceuticals 3.03Cipla Ltd. 1.03Dr. Reddy's Laboratories Ltd. 1.01Sun Pharmaceutical Industries Ltd. 0.99

Power 2.43CESC Ltd. 1.48Tata Power Company Ltd. 0.95


Ferrous Metals 1.68Jindal Steel & Power Ltd. 1.68

Media & Entertainment 1.46Zee Entertainment Enterprises Ltd. 0.90

Television Eighteen India Ltd. 0.56


Non - Ferrous Metals 0.90Sterlite Industries India Ltd. 0.90

Transportation 0.80Jet Airways (India) Ltd. 0.80

Auto 0.76Maruti Suzuki India Ltd. 0.76

Nifty FuturesCNX Nifty Fut Jan 2009 7.88

Other Derivatives 7.61





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 diversified across various industries and or sectors as its chosen benchmark index, BSE 200.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Frontline Equity Fund...






Frontline Equity FundBirla Sun Life

Frontline Equity FundBSE 200 BSE 200


Since Inception 75000 100076 130292 9.11 17.48

Last 5 years 60000 59751 75113 -0.16 8.91

Last 3 years 36000 25742 30239 -20.58 -10.99

Last 1 year 12000 8036 8913 -54.62 -43.79



Birla Sun Life Frontline Equity Fund - Growth BSE 200

% R

etur

ns


-48.41

7.25

16.26

25.34

-56.36

-0.84

8.57

19.30

-70

-60

-50

-40

-30

-20

-10

0

10

20

30

1 Year


««««Value Research Rating#Birla Sun Life Frontline Equity Fund

Equity: Diversified (218 Schemes), 5 Years ended 31-Dec-08

CRISIL~CPR 2^^Birla Sun Life Frontline Equity Fund

Diversified Equity Scheme ( Schemes), 2 90 Yrs ended 30-Sep-08


&&CNBC TV-18 CRISIL AWARD 2007Birla Sun Life Frontline Equity Fund

Category: Large Cap oriented Equity Fund 1 yr performance ended 31 Dec, ‘07 Total Schemes in Category = 22

** Represents thinly traded / non traded securities. Total Percentage of thinly/non traded securities is 3.32%

J a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Managing Fund Since : October 01,2006Total Experience : 15 yearsDate of inception : March 29, 1996Nature of the scheme : An Open - ended ELSS Scheme

Default option : Dividend PayoutFresh Purchase : Rs. 500/-Additional Purchase : Rs. 500/-Redemption Cheques : Within 10 working days issuedSystematic Investment : Available Plan (SIP)Systematic Withdrawal : Not Available Plan (SWP)Systematic Transfer : Not AvailablePlan (STP) Actual Recurring expenses : 2.24%for the previous financial year ended March 31, 2008 (%) of NAV

Dividend : 45.65(Payout, Reinvestment & Sweep)Growth (w.e.f. 06/03/08) : 5.37



Exit Load : Nil*For direct application: Entry Load is Nil.



Mr. Ajay Garg

Key Features



Other Parameter


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




Banks 14.83State Bank of India 3.19HDFC Bank Ltd. 3.09ICICI Bank Ltd. 2.78ING Vysya Bank Ltd. 2.57Axis Bank Ltd. 2.09Kotak Mahindra Bank Ltd. 1.11

Finance 11.85HDFC Ltd. 4.00ICRA Ltd. 3.52United Breweries Holdings Ltd. 1.66Reliance Capital Ltd. 1.46India Infoline Ltd. 1.21

Industrial Capital Goods 10.16Bharat Heavy Electricals Ltd. 4.50Honeywell Automation India Ltd. 2.55Crompton Greaves Ltd. 1.55Siemens Ltd. 0.80Bharat Bijlee Ltd. 0.75

Petroleum Products 7.63Reliance Industries Ltd. 7.63

Telecom-Services 5.02Bharti Airtel Ltd. 5.02


Auto Ancillaries 4.11Bosch Ltd. 3.19

MRF Ltd. 0.92

Power 4.05Reliance Infrastructure Ltd. 3.01GVK Power & Infrastructure Ltd. 1.03

Consumer Non Durables 2.69Shaw Wallace & Company Ltd. 1.53Radico Khaitan Ltd. 1.16


Industrial Products 2.54Cummins India Ltd. 2.54

Auto 2.46Maruti Suzuki India Ltd. 1.83Mahindra & Mahindra Ltd. 0.63

Ferrous Metals 2.45Jindal Steel & Power Ltd. 1.83Tata Steel Ltd. 0.62

Hotels 2.31Asian Hotels Ltd. 1.44Taj GVK Hotels & Resorts Ltd. 0.87

Software 2.05Infosys Technologies Ltd. 1.48Tata Consultancy Services Ltd. 0.57

Transportation 1.38Jet Airways (India) Ltd. 1.38

Media & Entertainment 1.38Television Eighteen India Ltd. 1.38Magnasound India Ltd.** 0.00

Trading 0.42Uniphos Enterprises Ltd. 0.42

Future and Options 11.03CNX Nifty Fut Jan 2009 11.03






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

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Tax Reiief ‘96...


Date of First Installment : April 01, 1996




Tax Relief ‘96Birla Sun Life Tax

Relief ‘96BSE 200 BSE 200


Since Inception 153000 337642 932444 11.69 25.79

Last 5 years 60000 59751 57101 -0.16 -1.94

Last 3 years 36000 25742 24339 -20.58 -23.80

Last 1 year 12000 8036 7793 -54.62 -57.47



Birla Sun Life Tax Relief ‘96 - Dividend BSE 200

% R

etur

ns

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Returns assume reinvestment of the tax free dividend declared.

-56.22

7.9414.88

29.14

-56.36

-0.84

8.57 9.93

-70

-60

-50

-40

-30

-20

-10

0

10

20

30

40

1 Year



Ranked 3rd among Top Performing EquityFunds in the world by Lipper

Birla Sun Life Tax Relief ‘96Equity Funds (6302 funds), 10 Yrs ended 31-Dec-07

&

07


Birla Sun Life Infrastructure FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


08

Fund Details

Fund Manager :Managing Fund Since : Since inceptionTotal Experience : 16 yearsDate of inception : March 17, 2006Nature of the scheme : An open-ended growth scheme



Benchmark : S&P CNX NIFTYAverage AUM : Rs. 278.58 Crores





Mr. Mahesh Patil


Key Features



Other Parameter





Power 12.32CESC Ltd. 2.68PTC India Ltd. 2.40Jyoti Structures Ltd. 1.70KEC International Ltd. 1.67GVK Power & Infrastructure Ltd. 1.33Tata Power Company Ltd. 1.30Lanco Infratech Ltd. 0.99Kalpataru Power Transmission Ltd. 0.26

Banks 10.13HDFC Bank Ltd. 3.39Axis Bank Ltd. 2.82State Bank of India 1.73ICICI Bank Ltd. 1.36South Indian Bank Ltd. 0.84


Industrial Capital Goods 7.32Bharat Heavy Electricals Ltd. 2.12Crompton Greaves Ltd. 1.57Thermax Ltd. 1.38Bharat Electronics Ltd. 1.30Bharati Shipyard Ltd. 0.66Suzlon Energy Ltd. 0.30


Finance 5.42HDFC Ltd. 3.80Rural Electrification Corporation Ltd. 0.99Power Finance Corporation Ltd. 0.63


Ferrous Metals 3.23Jindal Steel & Power Ltd. 1.37Maharashtra Seamless Ltd. 1.07Welspun Gujarat Stahl Rohren Ltd. 0.78

Construction Project 3.15Larsen & Toubro Ltd. 2.55Voltas Ltd. 0.60

Construction 2.91Nagarjuna Construction Company Ltd. 1.55Madhucon Projects Ltd. 0.58ITD Cementation India Ltd. 0.53Hindustan Sanitaryware & Industries Ltd. 0.25

Gas 2.16Gujarat Gas Company Ltd. 2.16

Transportation 1.91Gateway Distriparks Ltd. 1.42Arshiya International Ltd. 0.49

Industrial Products 1.79Finolex Cables Ltd. 0.71

Kirloskar Oil Engines Ltd. 0.57Torrent Cables Ltd. 0.39Sintex Industries Ltd. 0.13

Cement 0.79Jaiprakash Associates Ltd. 0.79

Hotels 0.52Taj GVK Hotels & Resorts Ltd. 0.52

Future and Options 12.76State Bank Of India Fut Jan 2009 1.39CNX Nifty Fut Jan 2009 11.37





** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 5.85%.

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

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Infrastructure Fund...






Infrastructure FundBirla Sun Life

Infrastructure FundS&P CNX NIFTY S&P CNX NIFTY


Since Inception 33000 24219 22842 -20.56 -24.18

Last 1 year 12000 8385 8143 -50.41 -53.34



Birla Sun Life Infrastructure Fund - Growth S&P CNX Nifty

% R

etur

ns


-60.03

-5.97

-51.70

-3.13

-70

-60

-50

-40

-30

-20

-10

01 Year Since Inception


&&CNBC TV-18 CRISIL AWARD 2007

Birla Sun Life Infrastructure Fund-GrowthEmerging Equity Fund of the Year

1 yr performance ended 31 Dec, ‘07 Total Schemes in Category = 14

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI##Risk-free rate assumed to be 4.65%(91 day T-bill yield as on December 31, 2008)

The

Birla Sun Life Basic Industries FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Managing Fund Since : November 30,2007Total Experience : 8 yearsDate of inception : January 15, 2000Nature of the scheme : An open - ended Growth Scheme

Default option : Dividend ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issued Systematic Investment : Available Plan (SIP)Systematic Withdrawal : Available Plan (SWP)Systematic Transfer : AvailablePlan (STP) Actual Recurring expenses : 2.41%for the previous financial year ended March 31, 2008 (%) of NAV

Dividend : 19.11(Payout, Reinvestment & Sweep)Growth : 49.29






Mr. Ankit Sancheti

Key Features



Other Parameter





Banks 13.56%Bank of Baroda 3.72%ICICI Bank Ltd. 3.58%Union Bank of India 2.89%State Bank of India 2.79%Axis Bank Ltd. 0.57%

Petroleum Products 12.35%Reliance Industries Ltd. 6.01%Apar Industries Ltd. 2.26%Indian Oil Corporation Ltd. 2.09%Bharat Petroleum Corporation Ltd. 1.99%

Industrial Capital Goods 7.73%Bharat Heavy Electricals Ltd. 3.49%Crompton Greaves Ltd. 1.60%Thermax Ltd. 0.77%Bharati Shipyard Ltd. 0.73%Voltamp Transformers Ltd. 0.53%Elecon Engineering Ltd. 0.44%Bharat Bijlee Ltd. 0.17%

Power 7.28%Jyoti Structures Ltd. 2.86%Tata Power Company Ltd. 2.64%PTC India Ltd. 1.78%

Ferrous Metals 5.42%Jindal Steel & Power Ltd. 2.51%Maharashtra Seamless Ltd. 2.28%Jindal Saw Ltd. 0.64%

Finance 4.20%Housing Development Finance Corporation Ltd.

4.20%

Industrial Products 3.16%Sintex Industries Ltd. 2.17%Carborundum Universal Ltd. 0.58%TRF Ltd. 0.41%

Construction 2.67%IVRCL Infrastructures & Projects Ltd. 1.93%Nagarjuna Construction Company Ltd. 0.74%

Fertilisers 2.26%Tata Chemicals Ltd. 1.34%Coromandel Fertilisers Ltd. 0.92%

Oil 1.97%Oil & Natural Gas Corporation Ltd. 1.97%

Construction Projects 1.85%Larsen & Toubro Ltd. 1.85%

Paper 1.50%Ballarpur Industries Ltd. 1.50%

Transportation 1.44%Gateway Distriparks Ltd. 1.44%

Auto Ancillaries 1.28%Exide Industries Ltd. 1.28%

Consumer Non Durables 1.02%Mcleod Russel India Ltd. 1.02%

Mining 0.82%Gujarat NRE Coke Ltd. 0.82%

Future and Options 12.60%CNX NIFTY FUT JAN 2009 12.60%

Money Market / Fixed Income Instruments24.74%

Cash & Current Assets -5.86%

Total Net Asset 100%


A multi-sector open-ended growth scheme with the objective of long term growth capital, through a portfolio with a target allocation of 100% equity, focusing on investing in companies sensitive to economic cycles and commodity pricing cycles. The investments will be in companies which are often referred to as cyclical companies.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Basic Industries Fund...


Date of First Installment : March 01, 2000



Investment Period Total Investment (Rs.) Birla Sun Life Basic

Industries FundBirla Sun Life Basic

Industries FundBSE 200 BSE 200


Since Inception 106000 189172 286772 12.70 21.63

Last 5 years 60000 59751 60765 -0.16 0.50

Last 3 years 36000 25742 25556 -20.58 -21.01

Last 1 year 12000 8036 8045 -54.62 -54.52



Birla Sun Life Basic Industries Fund - Growth BSE 200

% R

etur

ns


-60.16

-1.78

11.18

19.47

-56.36

-0.84

8.57 7.30

-70

-60

-50

-40

-30

-20

-10

0

10

20

30

1 Year 3 Years

5 Years Since Inception

09


Birla Sun Life India GenNext FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


10

Fund Details

Fund Manager :Mr. Sanjay Chawla

Managing Fund Since : September 12,2007Total Experience : 18 years / 13 yearsDate of inception : August 05, 2005Nature of the scheme : An open - ended Growth Scheme







Beta : 0.80Annual Portfolio Turnover Ratio : 1.23 times

Mr. A.Balasubramaniam /

Key Features



Other Parameter


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 benefit 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.





Consumer Non Durables 27.94

ITC Ltd. 7.18

Glaxosmithkline Consumer Healthcare Ltd. 6.65

Nestle India Ltd. 6.35

Colgate-Palmolive (India) Ltd. 5.34

Shaw Wallace Company Ltd. 1.86

Dabur India Ltd. 0.55

Telecom-Services 9.53

Bharti Airtel Ltd. 6.55

Reliance Communications Ltd. 2.97

Pharmaceuticals 9.28

Sun Pharmaceutical Industries Ltd. 5.97

Glaxosmithkline Pharmaceuticals Ltd. 3.31

Banks 9.03

Axis Bank Ltd. 2.64

HDFC Bank Ltd. 1.96

State Bank of India 1.69

ICICI Bank Ltd. 1.47

Federal Bank Ltd. 1.27

Diversified 5.90

Hindustan Unilever Ltd. 5.90

Finance 3.89

HDFC Ltd. 3.89

Software 2.56

Everonn Systems India Ltd. 1.71

Core Projects & Technologies Ltd 0.53

Educomp Solutions Ltd. 0.31

Petroleum Products 2.40

Castrol (India) Ltd. 2.40

Retailing 2.17

Pantaloon Retail (India) Ltd. 1.96

Pantaloon Retail (India) Ltd. -Bonus - Class B Shares Series 1 ** 0.21

Consumer Durables 1.26

Bajaj Electricals Ltd. 1.26

Construction 1.00

DLF Ltd. 1.00

Media & Entertainment 0.94

Jagran Prakashan Ltd. 0.48

Zee News Ltd. 0.46

Transportation 0.34

Jet Airways (India) Ltd. 0.34



Total Net Asset 100


** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 0.21%

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life India GenNext Fund...


Date of First Installment : September 01, 2005



Investment Period Total Investment (Rs.) Birla Sun Life India

GenNext FundBirla Sun Life India

GenNext FundS&P CNX NIFTY S&P CNX NIFTY


Since Inception 40000 31880 33917 -12.89 -9.45

Last 3 years 36000 27205 29328 -17.35 -12.86

Last 1 year 12000 8384 9173 -50.41 -40.43


Birla Sun Life India GenNext Fund - Growth S&P CNX Nifty

% R

etur

ns


-48.00

1.28

6.87

-51.70

1.426.85

-60

-50

-40

-30

-20

-10

0

10

1 Year



Birla Sun Life Advantage FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Managing Fund Since : September 12,2007Total Experience : 18 yearsDate of inception : February 24, 1995Nature of the scheme : An open - ended Growth Scheme



Benchmark : BSE SENSEXAverage AUM : Rs. 249.61 Crores


Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months ³ Rs. 5 crores - Nil*For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for unitsissued in Bonus & Dividend Reinvestment.



Mr. A.Balasubramaniam

Key Features



Other Parameter





Banks 15.91Axis Bank Ltd. 4.18ICICI Bank Ltd. 3.98State Bank of India 3.15HDFC Bank Ltd. 2.81Canara Bank 1.15Indian Bank 0.64

Petroleum Products 10.17Reliance Industries Ltd. 5.67Indian Oil Corporation Ltd. 4.50

Telecom-Services 7.95Bharti Airtel Ltd. 4.07Reliance Communications Ltd. 2.24Idea Cellular Ltd. 1.64

Software 6.64Infosys Technologies Ltd. 3.84Tata Consultancy Services Ltd. 1.08Satyam Computer Services Ltd. 0.99Core Projects & Technologies Ltd. 0.72

Consumer Non Durables 6.03ITC Ltd. 2.61United Spirits Ltd. 2.21Balrampur Chini Mills Ltd. 1.21

Ferrous Metals 5.46Jindal Steel & Power Ltd. 2.85Welspun Gujarat Stahl Rohren Ltd. 1.71

JSW Steel Ltd. 0.90

Industrial Capital Goods 5.31Bharat Heavy Electricals Ltd. 3.65Thermax Ltd. 0.90Emco Ltd. 0.76

Finance 4.81HDFC Ltd. 3.49Reliance Capital Ltd. 1.32

Pharmaceuticals 4.17Cipla Ltd. 2.69Glenmark Pharmaceuticals Ltd. 1.48

Power 4.04Reliance Infrastructure Ltd. 2.89KEC International Ltd. 1.15

Construction Project 3.78Larsen & Toubro Ltd. 3.78

Cement 3.43India Cements Ltd. 1.52Century Textile & Industries Ltd. 1.04ACC Ltd. 0.87

Auto 2.81Maruti Suzuki India Ltd. 2.50Tata Motors Ltd. 0.31

Diversified 1.80Aditya Birla Nuvo Ltd. 1.80

Non - Ferrous Metals 1.47Sterlite Industries India Ltd. 1.47

Transportation 1.47Jet Airways India Ltd. 1.47

Construction 1.32Nagarjuna Construction Company Ltd. 1.18Dharti Dredging & Construction Ltd.** 0.14


Future and Options 5.03Tata Motors Ltd Fut Jan 2009 0.82CNX Nifty Fut Jan 2009 4.20





** Represents thinly traded / non traded securities. Total percentage of thinly/non traded securities is 0.14%.

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

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Advantage Fund...






Advantage FundBirla Sun Life

Advantage FundBSE SENSEX BSE SENSEX


Since Inception 166000 348567 647033 10.09 17.98

Last 5 years 60000 63261 57983 2.09 -1.34

Last 3 years 36000 26207 24607 -19.55 -23.18

Last 1 year 12000 8180 8264 -52.90 -51.88



Birla Sun Life Advantage Fund - Growth BSE Sensex

% R

etur

ns


-58.28

-4.32

9.74

17.27

-52.35

0.88

10.557.69

-70

-60

-50

-40

-30

-20

-10

0

10

20

30

1 Year


11


Birla Sun Life Tax Plan”J a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


12

Fund Details

Fund Manager :Managing Fund Since : September 12,2007Total Experience : 13 yearsDate of inception : February 16, 1999Nature of the scheme : An Open - ended ELSS Scheme

Default option : Dividend PayoutFresh Purchase : Rs. 500/-Additional Purchase : Rs. 500/-Redemption Cheques : Within 10 working days issuedSystematic Investment : Available Plan (SIP)Systematic Withdrawal : Not Available Plan (SWP)Systematic Transfer : Not AvailablePlan (STP) Actual Recurring expenses : 2.42%for the previous financial year ended March 31, 2008 (%) of NAV

Dividend : 34.55(Payout & Sweep)Growth : 7.26

Benchmark : BSE SENSEXAverage AUM : Rs. 87.43 Crores


Exit Load** : Nil*For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.



Mr. Sanjay Chawla

Key Features



Other Parameter


An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years




Banks 10.99

HDFC Bank Ltd. 5.01


Punjab National Bank 1.76

Federal Bank Ltd. 0.63





Reliance Industries Ltd. 6.86



Dr. Reddys Laboratories Ltd. 2.10


ITC Ltd. 4.78

Ruchi Soya Industries Ltd. 0.61

Oil 4.69

Oil & Natural Gas Corporation Ltd. 4.69

Power 3.76

Tata Power Company Ltd. 3.76

Software 3.74

Infosys Technologies Ltd. 3.74

Industrial Capital Goods 3.68

Bharat Electronics Ltd. 2.88

Bharat Bijlee Ltd. 0.80

Retailing 3.04

Pantaloon Retail (India) Ltd. 2.79

Pantaloon Retail (India) Ltd. -Bonus -

Class B Shares Series 1 ** 0.25

Chemicals 3.01

Solar Explosives Ltd. 3.01

Transportation 2.90

Mundra Port And Special Economic Zone Ltd. 2.90

Fertilisers 2.75

Tata Chemicals Ltd. 2.75

Construction Project 2.59

Larsen & Toubro Ltd. 2.59

Auto Ancillaries 2.37

Goodyear India Ltd. 2.37

Non - Ferrous Metals 2.33

Sterlite Industries (India) Ltd. 2.33

Ferrous Metals 2.16

Maharashtra Seamless Ltd. 2.16

Diversified 1.67


Construction 0.94

Simplex Infrastructures Ltd. 0.94

Industrial Products 0.78

TRF Ltd. 0.78


Cash & Current Assets 3.34




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.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Tax Plan...






Tax PlanBirla Sun Life

Tax PlanBSE SENSEX BSE SENSEX


Since Inception 118000 212706 312208 11.54 18.83

Last 5 years 60000 63261 59966 2.09 -0.02

Last 3 years 36000 26207 24512 -19.55 -23.40

Last 1 year 12000 8180 8138 -52.90 -53.40



Birla Sun Life Tax Plan - Dividend BSE Sensex

% R

etur

ns

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Returns assume reinvestment of the tax free dividend declared.

-54.89

-1.70

12.07

19.69

-52.35

0.88

10.55 11.32

-60

-50

-40

-30

-20

-10

0

10

20

30

1 Year



”Name of the scheme has been changed w.e.f 23/06/08. Erstwhile: Birla Equity Plan

Birla Sun Life Index FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Managing Fund Since : October 01,2007Total Experience : 15 yearsDate of inception : September 18, 2002Nature of the scheme : Open - ended Index Linked

Growth

Default option : Dividend ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 Working days issuedSystematic Investment : Available Plan (SIP)Systematic Withdrawal : Not Available Plan (SWP)Systematic Transfer : Not AvailablePlan (STP) Actual Recurring expenses : 1.50%for the previous financial year ended March 31, 2008 (%) of NAV



Entry Load : Nil

Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 15 days ³ Rs. 5 crores - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.



Mr. Ajay Garg

Key Features



Other Parameter





Petroleum Products 9.37Reliance Industries Ltd. 7.37Reliance Petroleum Ltd. 1.49Bharat Petroleum Corporation Ltd. 0.52

Power 9.21NTPC Ltd. 5.65Power Grid Corporation of India Ltd. 1.33Reliance Power Ltd. 1.09Tata Power Company Ltd. 0.63Reliance Infrastructure Ltd. 0.51

Telecom-Services 8.10Bharti Airtel Ltd. 5.16Reliance Communications Ltd. 1.78Idea Cellular Ltd. 0.62Tata Communications Ltd. 0.54

Banks 7.24State Bank of India 3.11ICICI Bank Ltd. 1.89HDFC Bank Ltd. 1.61Punjab National Bank 0.63

Oil 6.66Oil & Natural Gas Corporation Ltd. 5.42Cairn India Ltd. 1.24

Software 6.23Infosys Technologies Ltd. 2.42Tata Consultancy Services Ltd. 1.78Wipro Ltd. 1.30Satyam Computer Services Ltd. 0.44HCL Technologies Ltd. 0.29

Industrial Capital Goods 3.62Bharat Heavy Electricals Ltd. 2.53Siemens Ltd. 0.37ABB Ltd. 0.37Suzlon Energy Ltd. 0.35

Consumer Non Durables 2.46ITC Ltd. 2.46

Construction 2.08DLF Ltd. 1.83Unitech Ltd. 0.25


Ferrous Metals 1.82Steel Authority of India Ltd. 1.22Tata Steel Ltd. 0.60

Pharmaceuticals 1.75Sun Pharmaceutical Industries Ltd. 0.84Cipla Ltd. 0.55Ranbaxy Laboratories Ltd. 0.36

Auto 1.72Hero Honda Motors Ltd. 0.61Maruti Udyog Ltd. 0.57Tata Motors Ltd. 0.27Mahindra & Mahindra Ltd. 0.27


Finance 1.61HDFC Ltd. 1.61

Non-Ferrous Metals 1.49Sterlite Industries India Ltd. 0.70National Aluminium Company Ltd. 0.46Hindalco Industries Ltd. 0.33

Cement 1.17Grasim Industries Ltd. 0.42Ambuja Cements Ltd. 0.40ACC Ltd. 0.34

Gas 0.99GAIL (India) Ltd. 0.99

Media & Entertainment 0.23Zee Entertainment Enterprises Ltd. 0.23

Future and Options 30.52%CNX Nifty Fut Jan 2009 30.52




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

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Index Fund...






Index FundBirla Sun Life

Index FundS&P CNX NIFTY S&P CNX NIFTY


Since Inception 75000 102885 100008 9.98 9.09

Last 5 years 60000 63585 61937 2.29 1.25

Last 3 years 36000 27205 26738 -17.35 -18.37

Last 1 year 12000 8385 8326 -50.41 -51.13



Birla Sun Life Index Fund - Growth S&P CNX Nifty

% R

etur

ns


-52.80

0.57

8.60

18.79

-51.70

1.42

9.49

19.14

-60

-50

-40

-30

-20

-10

0

10

20

30

1 Year


13


Birla Sun Life New Millennium FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


14

Fund Details

Fund Manager :Managing Fund Since : September 12,2007Total Experience : 9 yearsDate of inception : January 15, 2000Nature of the scheme : An open - ended Growth Scheme



Benchmark : BSE TeckAverage AUM : Rs. 43.32 Crores




Beta : 0.93Annual Portfolio Turnover ratio : -

Mr. Atul Penkar

Key Features



Other Parameter





Software 34.98


Satyam Computer Services Ltd. 5.78

Tata Consultancy Services Ltd. 4.73

3i Infotech Ltd. 2.19

Infotech Enterprises Ltd. 2.14

Megasoft Ltd. 1.53

Tech Mahindra Ltd. 1.25

Subex Ltd. 0.85

Core Projects and Technologies Ltd. 0.81




Idea Cellular Ltd. 4.77


Jagran Prakashan Ltd. 3.86

Zee Entertainment Enterprises Ltd. 2.33

PVR Ltd. 2.08

ETC Networks Ltd. 1.50

TV Today Network Ltd. 1.19

Balaji Telefilms Ltd. 0.75

Magnasound India Ltd. ** 0.00

Hardware 5.51

Allied Digital Services Ltd. 5.29

HCL Infosystems Ltd. 0.22




** Represents thinly traded / non traded securities.

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.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life New Millennium Fund...






New Millennium Birla Sun Life New Millennium Fund

BSE Teck BSE Teck


Since Inception 106000 140484 151025 6.24 7.82

Last 5 years 60000 53166 51646 -4.74 -5.87

Last 3 years 36000 22876 21756 -27.29 -30.07

Last 1 year 12000 7980 7696 -55.29 -58.59



Birla Sun Life New Millennium Fund - Growth BSE Teck

% R

etur

ns


-57.03

-8.89

7.580.35

-51.41

-7.31

8.36

-70

-60

-50

-40

-30

-20

-10

0

10

20

1 Year 3 Years



Birla Sun Life Top 100 FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Managing Fund Since : October 01,2007Total Experience : 15 yearsDate of inception : October 24, 2005Nature of the scheme : An open - ended Growth Scheme








Mr. Ajay Argal

Key Features



Other Parameter





Banks 12.45ICICI Bank Ltd. 3.51HDFC Bank Ltd. 2.71Axis Bank Ltd. 1.96Bank of India 1.78Oriental Bank of Commerce 1.54Canara Bank 0.95


Software 8.95Infosys Technologies Ltd. 5.22Tata Consultancy Services Ltd. 2.23Satyam Computer Services Ltd. 1.50

Petroleum Products 8.80Reliance Industries Ltd. 7.66Bharat Petroleum Corporation Ltd. 0.61Indian Oil Corporation Ltd. 0.54

Consumer Non Durables 7.46ITC Ltd. 4.88Nestle India Ltd. 2.57


Industrial Capital Goods 5.60Bharat Heavy Electricals Ltd. 3.72Bharat Electronics Ltd. 1.89

Pharmaceuticals 5.33Dr. Reddy's Laboratories Ltd. 2.42Sun Pharmaceutical Industries Ltd. 2.38Cipla Ltd. 0.53


Power 3.96NTPC Ltd. 3.01CESC Ltd. 0.95


Auto Ancillaries 2.60Bosch Ltd. 2.60

Ferrous Metals 2.45Tata Steel Ltd. 2.45



Transportation 0.59Great Eastern Shipping Company Ltd. 0.59

Future and Options 2.94CNX Nifty Fut Jan 2009 3.00Satyam Comp Ser Ltd. Call Opt 180 Jan 2009-0.06






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

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Top 100 Fund...






Top 100 FundBirla Sun Life Top

100 FundS&P CNX NIFTY S&P CNX NIFTY


Since Inception 38000 29525 29836 -14.96 -14.36

Last 3 years 36000 27205 27572 -17.35 -16.56

Last 1 year 12000 8385 8943 -50.41 -43.40



Birla Sun Life Top 100 Fund - Growth S&P CNX Nifty

% R

etur

ns


-49.34

0.955.14

-51.70

1.42

6.86

-60

-50

-40

-30

-20

-10

0

10

1 Year


15

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI ##Risk-free rate assumed to be 4.65%(91 day T-bill yield as on December 31, 2008)

Birla Sun Life Buy India FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


16

Fund Details

Fund Manager :Managing Fund Since : September 12,2007Total Experience : 15 yearsDate of inception : January 15, 2000Nature of the scheme : An open - ended Growth Scheme




Entry Load* (Except SIP) : < Rs. 5 crores - 2.25%³ Rs. 5 crores - Nil

Exit Load** (Except SIP) : < Rs. 5 crores - 1% if redeemed / switched out within 12 months ³ Rs. 5 crores - Nil*For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.



Mr. Ajay Garg

Key Features



Other Parameter






Tata Tea Ltd. 4.65

E.I.D. Parry (India) Ltd. 3.65

United Spirits Ltd. 3.47

Radico Khaitan Ltd. 3.27


Marico Ltd. 2.51

ITC Ltd. 2.32



Aventis Pharma Ltd. 5.07


Pfizer Ltd. 1.06

Banks 10.41


ICICI Bank Ltd. 3.24

Axis Bank Ltd. 2.05

Kotak Mahindra Bank Ltd. 1.64

Finance 9.69

HDFC Ltd. 4.80

Reliance Capital Ltd. 2.20

India Infoline Ltd. 1.38

United Breweries Holdings Ltd. 1.31

Pesticides 7.81

Rallis India Ltd. 7.81

Auto 6.26

Maruti Suzuki India Ltd. 6.26

Hotels 5.00

Taj GVK Hotels & Resorts Ltd. 2.56

Asian Hotels Ltd. 2.44




Gas 4.29

Indraprastha Gas Ltd. 4.29


Bosch Ltd. 4.20


PVR Ltd. 1.92

Television Eighteen India Ltd. 1.31

UTV Software Communications Ltd. 0.67


Transportation 1.64

Jet Airways India Ltd. 1.64

Retailing 0.00

Trent Ltd. - Warrants** 0.00


Total Net Asset 100


** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 0%.

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 businesses that are driven by India's large population and inherent consumption patterns. The focus of the scheme will be in the consumer and healthcare sectors.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Buy India Fund...






Buy India FundBirla Sun Life Buy

India FundBSE 200 BSE 200


Since Inception 106000 189172 227822 12.70 16.70

Last 5 years 60000 59751 65414 -0.16 3.41

Last 3 years 36000 25742 26347 -20.58 -19.23

Last 1 year 12000 8036 8850 -54.62 -44.59



Birla Sun Life Buy India Fund - Growth BSE 200

% R

etur

ns


-49.63

-4.08

15.99

7.46

-56.36

-0.84

8.57 7.30

-60

-50

-40

-30

-20

-10

0

10

20

1 Year 3 Years



Birla Sun Life MNC FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Managing Fund Since : September 12,2007Total Experience : 18 yearsDate of inception : December 27, 1999Nature of the scheme : An open - ended Growth Scheme



Benchmark : S & P CNX MNCAverage AUM : Rs. 99.10 Crores





Mr. A.Balasubramaniam

Key Features



Other Parameter






Pfizer Ltd. 5.88


Fulford (India) Ltd. 3.77

Wyeth Ltd. 3.66


Glaxosmithkline Consumer Healthcare Ltd. 5.46

Colgate-Palmolive (India) Ltd. 5.44

ITC Ltd. 2.94

Kansai Nerolac Paints Ltd. 2.08


Areva T&D India Ltd. 3.41

Honeywell Automation India Ltd. 2.60

Alstom Projects India Ltd. 1.73

Siemens Ltd. 1.67

ABB Ltd. 0.63

Finance 9.77

CRISIL Ltd. 6.01

ICRA Ltd. 3.76


Bosch Ltd. 4.90

WABCO-TVS (INDIA) Ltd. 1.24

Federal-Mogul Goetze (India) Ltd. 0.76

Sundaram-Clayton Ltd. 0.67

Banks 7.01

ING Vysya Bank Ltd. 4.44

Yes Bank Ltd. 2.57




Cummins India Ltd. 4.95

FAG Bearings India Ltd. 0.88

Gas 5.15

Gujarat Gas Company Ltd. 5.15

Auto 2.97

Maruti Suzuki India Ltd. 2.97

Oil 2.54

Cairn India Ltd. 2.54

Diversified 2.38


Construction 0.85

ITD Cementation India Ltd. 0.85


Total Net Asset 100


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.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life MNC Fund...


Date of First Installment : January 01, 2000




MNC FundBirla Sun Life

MNC FundS & P CNX MNC S & P CNX MNC


Since Inception 108000 149454 197821 7.04 13.00

Last 5 years 60000 61208 59548 0.78 -0.30

Last 3 years 36000 26843 26792 -18.14 -18.25

Last 1 year 12000 9309 9340 -38.64 -38.24



Birla Sun Life MNC Fund - Growth S&P CNX MNC

% R

etur

ns


-43.51

-4.46

8.98 9.42

-43.24

-1.87

6.043.67

-50

-40

-30

-20

-10

0

10

20

1 Year 3 Years


17


Birla Sun Life India Opportunities FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


18

Fund Details

Fund Manager :Managing Fund Since : September 12, 2007Total Experience : 9 yearsDate of inception : December 27, 1999Nature of the scheme : An open - ended Growth Scheme



Benchmark : S & P CNX 500Average AUM : Rs. 27.23 Crores





Mr. Atul Penkar

Key Features



Other Parameter




Issuer % to Net


Honeywell Automation India Ltd. 4.96

Crompton Greaves Ltd. 4.21

Bharat Heavy Electricals Ltd. 2.57

AIA Engineering Ltd. 1.97

Software 11.97



Tata Consultancy Services Ltd. 2.58

Infotech Enterprises Ltd. 2.01

Core Projects & Technologies Ltd 0.64







Dishman Pharmaceuticals & Chemicals Ltd. 0.05

Ferrous Metals 5.76

Tata Steel Ltd. 2.73

Jindal Steel & Power Ltd. 1.80

Welspun Gujarat Stahl Rohren Ltd. 1.23

Construction Projects 5.74


Voltas Ltd. 2.40




Cummins India Ltd. 2.79

Finance 2.78

CRISIL Ltd. 2.78

Power 2.65

KEC International Ltd. 2.65

Non - Ferrous Metals 2.33

Sterlite Industries (India) Ltd. 2.33

Hardware 2.12

Allied Digital Services Ltd. 2.12

Fertilisers 1.69


Textile Products 0.95

Raymond Ltd. 0.95


Marico Ltd. 0.60

Terai Tea Company Ltd. 0.04

Construction 0.31

Victory Projects Ltd 0.31

Future and Options 10.84

Satyam Computer Services Ltd.

Call Opt 180 Jan 2009 -0.08

CNX Nifty Fut Jan 2009 10.92




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: Leverage India's intellectual capital for providing services, research and creative inputs; Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services; Leverage India's lower labour costs for providing services and manufactured goods; Leverage India's large population of English speaking people for providing services.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life India Opportunities Fund...


Date of First Installment : January 01, 2000



Investment Period Total Investment (Rs.) Birla Sun Life India

Opportunities FundBirla Sun Life India Opportunities Fund

S & P CNX 500 S & P CNX 500


Since Inception 108000 190017 134860 12.15 4.84

Last 5 years 60000 58870 41840 -0.75 -14.03

Last 3 years 36000 25547 19270 -21.03 -36.57

Last 1 year 12000 8134 7277 -53.45 -63.32



Birla Sun Life India Opportunities Fund - Growth S&P CNX 500

% R

etur

ns


-61.91

-15.18

0.88 0.15

-57.03

-2.26

8.43 7.94

-70

-60

-50

-40

-30

-20

-10

0

10

20

1 Year 3 Years



Birla Sun Life Dividend Yield PlusJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Managing Fund Since : November 30,2007Total Experience : 8 yearsDate of inception : February 26, 2003Nature of the scheme : An open - ended Growth Scheme



Benchmark : S & P CNX 500Average AUM : Rs. 182.34 Crores


Exit Load** : < Rs. 5 crores - 1% if redeemed / switched out within 12 months ³ Rs. 5 crores - Nil*For direct application: Entry Load is Nil. **Exit / Entry Load is NIL for units issuedin Bonus & Dividend Reinvestment.



Mr. Ankit Sancheti

Key Features



Other Parameter





Banks 13.19Union Bank of India 2.92Bank of Baroda 2.74Andhra Bank 2.26Canara Bank 2.05Oriental Bank of Commerce 1.72Allahabad Bank 1.50

Petroleum Products 12.07Hindustan Petroleum Corporation Ltd. 3.97Indian Oil Corporation Ltd. 3.43Bharat Petroleum Corporation Ltd. 3.07Apar Industries Ltd. 1.60

Consumer Non Durables 11.59Colgate-Palmolive (India) Ltd. 2.86Glaxosmithkline Consumer Healthcare Ltd. 2.78P & G Hygiene & Health Care Ltd. 1.70Kansai Nerolac Paints Ltd. 1.51Berger Paints India Ltd. 1.46Shaw Wallace Company Ltd. 0.63Eveready Industries India Ltd. 0.54Godrej Consumer Products Ltd. 0.12

Pharmaceuticals 11.17Wyeth Ltd. 5.27Glaxosmithkline Pharmaceuticals Ltd. 4.50Pfizer Ltd. 1.39


Transportation 4.13Gateway Distriparks Ltd. 2.21Great Eastern Shipping Company Ltd. 1.38Varun Shipping Company Ltd. 0.54

Fertilisers 3.83Tata Chemicals Ltd. 2.18Rashtriya Chemicals & Fertilizers Ltd. 1.35DCM Shriram Consolidated Ltd. 0.29

Power 3.50KEC International Ltd. 1.87Neyveli Lignite Corporation Ltd. 1.48Gujarat Industries Power Co. Ltd. 0.15

Paper 3.19Tamil Nadu Newsprint & Papers Ltd. 2.97Ballarpur Industries Ltd. 0.22

Finance 2.55Rural Electrification Corporation Ltd. 2.07Power Finance Corporation Ltd. 0.48

Gas 1.92Indraprastha Gas Ltd. 1.92


Ferrous Metals 1.55JSW Steel Ltd. 1.02Tata Metaliks Ltd. 0.53

Industrial Products 1.55Cosmo Films Ltd. 1.37Finolex Cables Ltd. 0.18

Chemicals 1.53Clariant Chemicals (India) Ltd. 1.53

Auto 0.85Bajaj Auto Ltd. 0.84Tata Motors Ltd. 0.00

Auto Ancillaries 0.47Goodyear India Ltd. 0.47

Consumer Durables 0.27Salora International Ltd. 0.27

Future and Options 0.88Tata Motors Ltd. Fut Jan 2009 0.88






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

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Dividend Yield Plus...






Dividend Yield PlusBirla Sun Life

Dividend Yield PlusS & P CNX 500 S & P CNX 500


Since Inception 70000 83881 92905 6.12 9.60

Last 5 years 60000 58870 64716 -0.75 2.98

Last 3 years 36000 25547 30500 -21.03 -10.47

Last 1 year 12000 8134 9844 -53.45 -31.45



Birla Sun Life Dividend Yield Plus - Growth S & P CNX 500

% R

etur

ns


-44.36

-1.26

10.14

24.80

-57.03

-2.26

8.43

21.00

-70

-60

-50

-40

-30

-20

-10

0

10

20

30

1 Year 3 Years


19


Birla Sun Life International Equity Fund - Plan AJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


20

Fund Details

Fund Manager :Mr. Vineet Maloo

Managing Fund Since : Since allotmentTotal Experience : 16 years / 4 yearsDate of inception : October 31, 2007Nature of the scheme : An Open - ended Diversified

Equity Scheme



Benchmark : S&P Global 1200Average AUM : Rs. 136.98 Crores





Mr. Mahesh Patil /

Key Features



Other Parameter





Foreign Equity 86.70

Cheung Kong Infrastructure Holdings Ltd. 3.86

Procter & Gamble Co 3.67

Nestle SA 3.52

Teva Pharmaceutical Industries Ltd. (ADR) 3.48

Taiwan Semi Manufacturing Com Ltd. (ADR) 3.39

Coca Cola Company 2.98

Roche Holdings AG 2.80

Bayer AG 2.65

Public Bank Berhad 2.63

Reckitt Benckiser Group PLC. 2.60

Singapore Airlines Ltd. 2.42

JP Morgan Chase & Co. 2.38

MTR Corporation Ltd. 2.32

Schneider Electric SA 2.25

China Construction Bank Corporation 2.22

Statoilhydro ASA 2.18

Akzo Nobel NV 2.16

Northrop Grumman Corporation 2.09

Cooper Industries Ltd. 2.04

Wharf Holdings Ltd. 2.04

Aetna Inc. 2.02

China Mobile Ltd. 1.99

Wal-Mart Stores Inc. 1.98

Exxon Mobil Corp 1.95

Microsoft Corporation 1.94

Pride International Inc. 1.91

Bumiputra - Commerce Holdings Berhad 1.88

Oracle Corporation 1.86

Unibanco - Uniao de Bancos Bras SA (GDR) 1.85

Chubb Corporation 1.78

Genting Berhad 1.67

AU Optronics Corporation 1.64

Industrial and Comml Bank of China Asia Ltd. 1.63

DSV A/S 1.62

Noble Corporation 1.58

Airgas Inc. 1.55

China Oilfield Services Ltd. 1.34

Renewable Energy Corporation AS 1.27

Vimpel-Communications (ADR) 0.72

Wimm - Bill - Dann Foods OJSC (ADR) 0.71

LG Electronics Inc. 0.14




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

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life International Equity Fund - Plan A...


Date of First Installment : December 01, 2007



Investment Period Total Investment (Rs.) Birla Sun Life International

Equity Fund - Plan ABirla Sun Life International

Equity Fund - Plan AS&P Global

1200S&P Global

1200


Since Inception 13000 10268 10050 -34.30 -36.87

Last 1 year 12000 9565 9341 -35.23 -38.22



Birla Sun Life International Equity Fund Plan A - Growth S&P Global 1200

% R

etur

ns


-30.06-28.96-28.26

-32.34

-40

-30

-20

-10



The

Birla Sun Life International Equity Fund - Plan BJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Mr. Vineet Maloo

Managing Fund Since : Since inceptionTotal Experience : 16 years / 4 yearsDate of inception : October 31, 2007Nature of the scheme : An Open - ended Diversified

Equity Scheme



Benchmark : Customised Index†Average AUM : Rs. 424.93 Crores





Mr. Mahesh Patil /

Key Features



Other Parameter





Foreign Equity 29.40Teva Pharmaceutical Industries Ltd. (ADR) 1.37Procter & Gamble Co 1.36Taiwan Semiconductor Manu Com Ltd. (ADR) 1.30Nestle SA 1.23Coca Cola Company 1.11Public Bank Berhad 0.98Roche Holdings AG 0.98Cheung Kong Infrastructure Holdings Ltd. 0.98Bayer AG 0.94Reckitt Benckiser Group PLC. 0.93JP Morgan Chase & Co. 0.84MTR Corporation Ltd. 0.84China Construction Bank Corporation 0.78Statoilhydro ASA 0.77Akzo Nobel NV 0.77Northrop Grumman Corporation 0.76China Mobile Ltd. 0.75Singapore Airlines Ltd. 0.74Wharf Holdings Ltd. 0.74Aetna Inc. 0.73Cooper Industries Ltd. 0.72Wal-Mart Stores Inc. 0.69Microsoft Corporation 0.69Exxon Mobil Corp 0.69Pride International Inc. 0.68Bumiputra - Commerce Holdings Berhad 0.67Unibanco - Uniao de Bancos Bras SA (GDR) 0.67Oracle Corporation 0.66Genting Berhad 0.59Industrial and Comm Bank of China Asia Ltd. 0.59Chubb Corporation 0.58Noble Corporation 0.56AU Optronics Corporation 0.53Airgas Inc. 0.50China Oilfield Services Ltd. 0.48Renewable Energy Corporation AS 0.47

Wimm - Bill - Dann Foods OJSC (ADR) 0.25Vimpel-Communications (ADR) 0.25Harmony Gold Mining 0.17LG Electronics Inc. 0.05

Banks 9.86State Bank of India 2.72HDFC Bank Ltd. 2.53Axis Bank Ltd. 1.77Union Bank of India 1.34ING Vysya Bank Ltd. 1.31ICICI Bank Ltd. 0.18


Consumer Non Durables 5.63Colgate-Palmolive (India) Ltd. 2.29ITC Ltd. 1.88United Spirits Ltd. 1.46Finance 5.26HDFC Ltd. 2.43ICRA Ltd. 1.92United Breweries Holdings Ltd. 0.90


Industrial Capital Goods 3.52Bharat Heavy Electricals Ltd. 1.61Crompton Greaves Ltd. 1.16Bharat Electronics Ltd. 0.75

Software 2.76Satyam Computer Services Ltd. 1.43Infosys Technologies Ltd. 1.34



Power 1.24Tata Power Company Ltd. 1.24


Pharmaceuticals 0.85Dr. Reddys Laboratories Ltd. 0.85

Cement 0.70Century Textile & Industries Ltd. 0.70

Non - Ferrous Metals 0.57Sterlite Industries (India) Ltd. 0.57

Ferrous Metals 0.36Welspun Gujarat Stahl Rohren Ltd. 0.36

Construction 0.25D.S. Kulkarni Developers Ltd. 0.25

Future and Options 8.32CNX Nifty Fut Jan 2009 7.64Reliance Industries Ltd. Fut Jan 2009 0.68






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

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life International Equity Fund - Plan B...


Date of First Installment : December 01, 2007





Birla Sun Life International Equity Fund Plan B - Growth Customized Index+

% R

etur

ns


-49.32

-44.62-47.10

-45.15

-60

-50

-40

-30

-20

-10


+ A customized benchmark created using BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of Portfolio.

21

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis.fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI##Risk-free rate assumed to be 4.65%(91 day T-bill yield as on December 31, 2008)

The

†A customized benchmark created using BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio.

Investment Period Total Investment (Rs.) Birla Sun Life International

Equity Fund - Plan BBirla Sun Life International

Equity Fund - Plan BCustomised

Index†Customised

Index†


Since Inception 13000 9183 9163 -46.76 -46.99

Last 1 year 12000 8628 8622 -47.39 -47.47

Birla Sun Life Special Situations FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


22

Fund Details

Fund Manager :Mr. Sanjay Chawla

Managing Fund Since : September 02, 2008Total Experience : 18 years / 13 yearsDate of inception : January 31, 2008Nature of the scheme : An Open - ended Diversified

Equity Scheme

Default option : ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 business days issuedSystematic Investment : Available Plan (SIP)Systematic Withdrawal : Available Plan (SWP)Systematic Transfer : AvailablePlan (STP) Actual Recurring expenses : 2.18%for the previous financial year ended March 31, 2008 (%) of NAV





Standard Deviation : N.A.##Sharpe Ratio : N.A.

Beta : N.A.Annual Portfolio Turnover ratio : -

Mr. A.Balasubramaniam /

Key Features



Other Parameter





Banks 12.87 State Bank of India 3.99 HDFC Bank Ltd. 2.97 Bank of India 2.37 Bank of Baroda 1.87 Axis Bank Ltd. 1.68

Petroleum Products 12.63 Reliance Industries Ltd. 7.61 Indian Oil Corporation Ltd. 3.04 Bharat Petroleum Corporation Ltd. 1.97

Pharmaceuticals 9.34 Sun Pharmaceutical Industries Ltd. 3.04 Divis Laboratories Ltd. 2.55 Glaxosmithkline Pharmaceuticals Ltd. 1.91 Lupin Ltd. 1.34 Glenmark Pharmaceuticals Ltd. 0.49

Telecom-Services 8.12 Bharti Airtel Ltd. 5.96 Reliance Communications Ltd. 2.16

Consumer Non Durables 8.00 ITC Ltd. 5.01 Balrampur Chini Mills Ltd. 1.54 United Spirits Ltd. 1.06 Shaw Wallace Company Ltd. 0.40

Fertilisers 4.56 Tata Chemicals Ltd. 4.11

Coromandel Fertilisers Ltd. 0.44

Software 3.90 Infosys Technologies Ltd. 1.33 Tata Consultancy Services Ltd. 0.99 Core Projects & Technologies Ltd. 0.97 Satyam Computer Services Ltd. 0.61

Construction Project 3.69 Larsen & Toubro Ltd. 3.69

Power 3.28 NTPC Ltd. 2.59 Reliance Infrastructure Ltd. 0.69

Non - Ferrous Metals 3.10 Sterlite Industries (India) Ltd. 3.10

Oil 2.38 Oil & Natural Gas Corporation Ltd. 2.38

Diversified 2.05 Aditya Birla Nuvo Ltd. 2.05

Chemicals 1.94 Solar Explosives Ltd. 1.39 Gujarat Alkalies & Chemicals Ltd. 0.54

Paper 1.49 Ballarpur Industries Ltd. 1.49

Construction 1.35 DLF Ltd. 1.35

Textile Products 1.28 Raymond Ltd. 1.28

Media & Entertainment 0.98 Balaji Telefilms Ltd. 0.98

Gas 0.90 Gujarat Fluorochemicals Ltd. 0.90

Cement 0.36 Century Textile & Industries Ltd. 0.36

Money Market / Fixed Income Instruments18.40





An open-ended diversified 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.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Special Situations Fund...





Investment Period Total Investment (Rs.) Birla Sun Life Special

Situations FundBirla Sun Life Special

Situations FundBSE 200 BSE 200


Since Inception 9000 6546 6771 -55.21 -51.04



Birla Sun Life Special Situations Fund - Growth BSE 200

% R

etur

ns


-60

-45.87-48.98

-50

-40

-30

-20

-10

0Since Inception

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. fund has not yet completed one year since its inception so the ratios could not be calculated, source: MFI##Risk-free rate assumed to be 4.65%(91 day T-bill yield as on December 31, 2008)

The

Birla Sun Life Long Term Advantage FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Managing Fund Since : Since inceptionTotal Experience : 15 yearsDate of inception : October 10, 2006Nature of the scheme : A 5 years close ended scheme

Default option : NAFresh Purchase : NAAdditional Purchase : NARedemption Cheques : NAissuedSystematic Investment : NAPlan (SIP)Systematic Withdrawal : NAPlan (SWP)Systematic Transfer : NAPlan (STP) Actual Recurring expenses : 2.29%for the previous financial year ended March 31, 2008 (%) of NAV

Dividend : 6.84(Payout & Reinvestment)Growth : 6.84

Benchmark : BSE SensexAverage AUM : Rs. 200.15 Crores

Entry Load : NA

Exit Load : NilInves to rs o f fe r ing un i ts fo r repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV.



Mr. Ajay Argal

Key Features


Load Structure

Other Parameter





Banks 11.23Oriental Bank of Commerce 2.83ICICI Bank Ltd. 2.74Bank of India 2.66Axis Bank Ltd. 2.03HDFC Bank Ltd. 0.98

Industrial Capital Goods 10.79Bharat Heavy Electricals Ltd. 4.24Bharat Electronics Ltd. 2.68Engineers India Ltd. 1.71Gujarat Apollo Industries Ltd. 1.40Mcnally Bharat Engineering Company Ltd. 0.50Manugraph India Ltd. 0.27


Software 8.65Infosys Technologies Ltd. 4.32Tata Consultancy Services Ltd. 2.34Satyam Computer Services Ltd. 1.48Subex Ltd. 0.51

Auto Ancillaries 7.79Bosch Limited. 4.26Exide Industries Ltd. 3.54

Consumer Non Durables 6.57ITC Ltd. 4.57Colgate-Palmolive (India) Ltd. 2.00


Pesticides 4.94Rallis India Ltd. 3.17United Phosphorus Ltd. 1.77



Power 3.05CESC Ltd. 1.80KEC International Ltd. 1.01Jyoti Structures Ltd. 0.24

Ferrous Metals 2.72Maharashtra Seamless Ltd. 1.54Tata Steel Ltd. 1.19

Pharmaceuticals 2.24Sun Pharmaceutical Industries Ltd. 2.24

Media & Entertainment 1.67PVR Ltd. 1.07Balaji Telefilms Ltd. 0.60

Industrial Products 1.62FAG Bearings India Ltd. 1.62


Mining 1.12Gujarat NRE Coke Ltd 1.12

Retailing 0.98Pantaloon Retail (India) Ltd. 0.90Pantaloon Bonus - Class B Shares Ser 1 ** 0.08

Construction 0.71JMC Projects India Ltd. 0.40ITD Cementation India Ltd. 0.31

Cement 0.42Madras Cements Ltd. 0.42






A 5 years close ended scheme with automatic conversion to an open ended scheme upon maturity with the objective to provide longterm capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities.



Birla Sun Life Long Term Advantage Fund - Growth BSE Sensex

% R

etur

ns


-53.93

-15.68

-52.35

-10.54

-60

-50

-40

-30

-20

-10


23

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis.fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI##Risk-free rate assumed to be 4.65%(91 day T-bill yield as on December 31, 2008)

The

Birla Sun Life Long Term Advantage Fund Series - IJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


24

Fund Details

Fund Manager :Managing Fund Since : September 2, 2008Total Experience : 8 yearsDate of inception : May 31, 2007Nature of the scheme : A Closed-end Small and Mid

Cap Equity Scheme

Default option : Dividend ReinvestmentFresh Purchase : NAAdditional Purchase : NARedemption Cheques : NA issuedSystematic Investment : NAPlan (SIP)Systematic Withdrawal : NAPlan (SWP)Systematic Transfer : NAPlan (STP) Actual Recurring expenses : 2.35%for the previous financial year ended March 31, 2008 (%) of NAV



Entry Load : NA

Exit Load : NilInves tors o f fe r ing un i ts fo r repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV.



Mr. Ankit Sancheti

Key Features


Load Structure

Other Parameter





Banks 13.35Indian Bank 3.46ING Vysya Bank Ltd. 3.35South Indian Bank Ltd. 2.25Oriental Bank of Commerce. 2.15City Union Bank Ltd. 1.56Bank of Maharashtra 0.58

Consumer Non Durables 9.05Glaxosmithkline Consumer Healthcare Ltd. 4.74Radico Khaitan Ltd 2.31Shaw Wallace Company Ltd. 1.00Eveready Industries India Ltd. 0.65Ruchi Soya Industries Ltd. 0.35Millennium Beer Industries Ltd.** 0.00

Industrial Products 6.62Jain Irrigation Systems Ltd. 3.21Sintex Industries Ltd. 1.45Paper Products Ltd. 1.22Greaves Cotton Ltd. 0.73

Construction 6.40Nagarjuna Construction Co. Ltd. 1.92Hindustan Sanitaryware & Industries Ltd. 1.20Gammon India Ltd. 1.01JMC Projects India Ltd. 0.99IVRCL Infrastructures & Projects Ltd. 0.88ITD Cementation India Ltd. 0.40

Power 5.82CESC Ltd. 2.23Jyoti Structures Ltd. 2.23GVK Power & Infrastructure Ltd. 1.36

Industrial Capital Goods 4.85Crompton Greaves Ltd. 2.74Hindustan Dorr-Oliver Ltd. 1.03Honeywell Automation India Ltd. 0.93

Bharati Shipyard Ltd. 0.15

Pharmaceuticals 4.12Pfizer Ltd. 2.42Dishman Pharmaceuticals & Chemicals Ltd. 1.70

Auto Ancillaries 3.72Wabco-Tvs (India) Ltd. 1.59Exide Industries Ltd. 1.32Sundaram-Clayton Ltd. 0.81

Petroleum Products 2.42Apar Industries Ltd. 2.42

Ferrous Metals 2.14Maharashtra Seamless Ltd. 1.27Welspun Gujarat Stahl Rohren Ltd. 0.88

Fertilisers 2.03Tata Chemicals Ltd. 1.38Aries Agro Ltd. 0.64

Finance 1.96ICRA Ltd. 1.73McDowell Holdings Ltd. 0.23

Retailing 1.58Trent Ltd. 1.31Shoppers Stop Ltd. 0.27Auto 1.52Eicher Motors Ltd. 1.52

Hotels 1.45Taj GVK Hotels & Resorts Ltd. 1.45

Paper 1.34Ballarpur Industries Ltd. 1.34

Diversified 1.33Aditya Birla Nuvo Ltd. 1.33

Media & Entertainment 1.14Balaji Telefilms Ltd. 1.14

Chemicals 1.14Micro Inks Ltd. 1.14

Software 1.01Geometric Ltd. 1.01

Textile Products 0.77Raymond Ltd. 0.77

Cement 0.34Mangalam Cement Ltd. 0.34

Construction Projects 0.32Voltas Ltd. 0.32




Portfolio Asset Allocation

** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 0%.

A Closed-end Small and Mid Cap Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an Open-ended scheme. It seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time.



Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Birla Sun Life Long Term Advantage Fund Series I - Growth BSE 500

% R

etur

ns

-61.41

-33.13

-58.04

-24.71

-70

-60

-50

-40

-30

-20

-10



The

Birla Sun Life Pure Value FundJ a n u a r y 2 0 0 9


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Managing Fund Since : Since inceptionTotal Experience : 13 yearsDate of inception : March 27, 2008Nature of the scheme : A Closed-end Diversified Equity

Scheme

Default option : NAFresh Purchase : NAAdditional Purchase : NARedemption Cheques : NA issuedSystematic Investment : NAPlan (SIP)Systematic Withdrawal : NAPlan (SWP)Systematic Transfer : NAPlan (STP) Actual Recurring expenses : 0.26%for the previous financial year ended March 31, 2008 (%) of NAV



Entry Load : NA

Exit Load : NilInvestors o f fe r ing un i ts fo r repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV.

Standard Deviation : N.A.##Sharpe Ratio : N.A.

Beta : N.A.Annual Portfolio Turnover ratio : 0.28 times

Mr. Ajay Argal

Key Features


Load Structure

Other Parameter





Banks 13.07Bank of Baroda 2.51Bank of India 2.31Union Bank of India 2.24Oriental Bank of Commerce 2.07State Bank of India 1.54Punjab National Bank 1.26Andhra Bank 1.15

Petroleum Products 11.83Bharat Petroleum Corporation Ltd. 3.64Hindustan Petroleum Corporation Ltd. 3.61Indian Oil Corporation Ltd. 3.31Castrol (India) Ltd. 1.28

Pharmaceuticals 6.26Aventis Pharma Ltd. 3.10Pfizer Ltd. 2.98Cadila Healthcare Ltd. 0.17

Oil 5.76Oil & Natural Gas Corporation Ltd. 5.18Great Offshore Ltd. 0.58

Fertilisers 5.64Tata Chemicals Ltd. 2.27Coromandel Fertilisers Ltd. 1.81Chambal Fertilisers & Chemicals Ltd. 1.56

Software 5.31Infosys Technologies Ltd. 2.00Tata Consultancy Services Ltd. 1.88


Ferrous Metals 4.67Tata Steel Ltd. 2.72Maharashtra Seamless Ltd. 1.95

Consumer Non Durables 3.53Glaxosmithkline Consumer Healthcare India Ltd. 3.52Carnation Nutra Analogue Foods Ltd 0.01

Industrial Capital Goods 3.39Bharat Electronics Ltd. 2.96Bharati Shipyard Ltd. 0.43

Power 3.38Jyoti Structures Ltd. 2.25PTC India Ltd 1.13

Transportation 3.13Gateway Distriparks Ltd. 1.91Great Eastern Shipping Company Ltd. 1.21

Gas 2.31Indraprastha Gas Ltd. 2.31Cement 2.22Grasim Industries Ltd. 1.42Kesoram Industries Ltd. 0.81

Non - Ferrous Metals 1.99Hindustan Zinc Ltd 1.99

Industrial Products 1.82Fag Bearings India Ltd. 1.15Finolex Cables Ltd. 0.67


Paper 1.65Tamil Nadu Newsprint & Papers Ltd. 1.65

Construction 0.94JMC Projects India Ltd. 0.94






A Closed-end Diversified Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an openended scheme. It seeks to generate consistent longterm capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy.



Birla Sun Life Pure Value Fund - Growth BSE 200

% R

etur

ns


-24.00

-40.93

-50

-40

-30

-20

-10

0

Since Inception

25

Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. fund has not yet completed one year since its inception so the ratios could not be calculated, source: MFI##Risk-free rate assumed to be 4.65%(91 day T-bill yield as on December 31, 2008)

The

Birla Sun Life '95 FundAs on December 31, 2008

J a n u a r y 2 0 0 9


Fund Details

Fund Manager :Managing Fund Since : November 30, 2007Total Experience : 18 yearsDate of inception : February 10, 1995Nature of the scheme : An open-ended balanced scheme


Dividend : 69.36(Payout, Reinvestment & Sweep)

Growth : 158.33

Benchmark : CRISIL Balanced Fund IndexAverage AUM : Rs. 114.56 Crores



Average Maturity : 10.35 Years

Standard Deviation : 30.30%

Mr. A. Balasubramanian

Key Features



Other Parameter


Large

Mid

Small

Investment Style


Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.

% R

etu

rns

An open-ended balanced scheme with the objective of long term growth of capital and current income, through a portfolio of equity and fixed income securities


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life '95 Fund...





Investment Period

Total Investment

(Rs.) Birla Sun Life '95 Fund

Birla Sun Life '95 Fund

CRISIL Balanced Fund Index

CRISIL Balanced Fund Index

Since Inception 165000 294542 907949 8.01 22.44

Last 5 years 60000 66096 71822 3.82 7.12

Last 3 years 36000 31935 32039 -7.62 -7.42

Last 1 year 12000 9820 9892 -31.78 -30.79


PSU/PFI Bonds/Banks 30.96Power Finance Corporation Ltd. 12.56 AAAIndian Railway Finance Corporation Ltd. ** 7.65 AAAIDBI Bank Ltd.** 6.16 AA+ICICI Bank Ltd.** 4.59 AAA

Government Bond 11.088.15 GOI FCI SB 2022 4.56 Sovereign08.24 CGL 2027 4.01 Sovereign7.95 Govt Bond 2032 2.51 Sovereign

Consumer Non Durables 8.45ITC Ltd. 4.30 Nestle India Ltd. 2.31 Colgate-Palmolive (India) Ltd. 1.84

Pesticides 5.82Rallis India Ltd. 5.82

Software 5.71Infosys Technologies Ltd. 2.81 Wipro Ltd. 1.89 Satyam Computer Services Ltd. 1.01

Petroleum Products 5.25Indian Oil Corporation Ltd. 2.67 Reliance Industries Ltd. 2.57

Banks 4.39Punjab National Bank 1.99 ICICI Bank Ltd. 1.42 Allahabad Bank 0.98


Pharmaceuticals 3.20Dr. Reddys Laboratories Ltd. 1.52 Aventis Pharma Ltd. 0.90 Glenmark Pharmaceuticals Ltd. 0.78

Retailing 3.18Trent Ltd. 3.18


Bharat Heavy Electricals Ltd. 1.25 Siemens Ltd. 0.77 Bharati Shipyard Ltd. 0.39

Corporate Debt 2.13GE Capital Services India Ltd.** 2.13 AAA

Gas 2.12Gujarat Gas Co. Ltd. 2.12

Power 1.96Jyoti Structures Ltd. 1.11 GVK Power & Infrastructure Ltd. 0.86


Fertilisers 1.72Rashtriya Chemicals & Fertilizers Ltd. 1.72

Finance 1.64Infrastructure Development Finance Co. Ltd. 0.98 United Breweries Holdings Ltd. 0.66


Diversified 0.85Aditya Birla Nuvo Ltd. 0.49 Bombay Burmah Trading Corporation Ltd. 0.36

Media & Entertainment 0.57ETC Networks Ltd. 0.57 Magnasound India Ltd. ** 0.00

Construction 0.52Jaiprakash Associates Ltd. 0.52

Transportation 0.42Gateway Distriparks Ltd. 0.42

Auto 0.41Bajaj Auto Ltd. 0.41



Issuer % to Net RatingAssets



Investment Performance Rating Profile


-40.22

5.33

13.81

21.99

-34.34

3.948.41

-50

-40

-30

-20

-10

0

10

20

30

1 Year


Birla Sun Life 95 Fund - Growth Crisil Balanced Fund Index 0.77%

6.16%

11.08%

26.93%

55.07%

Cash & Current Assets

AA

Sovereign

AAA

Other

Winner of&Best Fund - 10 yrs performance Lipper Awards India 2008

Mixed Asset INR Aggressive, (6 schemes) 10 Yrs ended 31-Dec-07

Birla Sun Life ‘95 Fund - Growth

««««Value Research Rating

Hybrid Equity - Oriented (32 Schemes), 3 & 5 years ended 31- Dec-08

Birla Sun Life ‘95 Fund

Note:Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI

Birla Sun Life BalanceAs on December 31, 2008

J a n u a r y 2 0 0 9


Fund Details

Fund Manager :Managing Fund Since : November 30, 2007Total Experience : 18 yearsDate of inception : October 12, 1999Nature of the scheme : An open-ended balanced scheme



Benchmark : CRISIL Balanced Fund IndexAverage AUM : Rs. 82.19 Crores






Key Features



Other Parameter


Large

Mid

Small

Investment Style



Hybrid Equity - Oriented (32 Schemes), 3 & 5 years ended 31- Dec-08

Birla Sun Life Balance Fund


27


% R

etu

rns

An open-ended balanced scheme with an objective to balance income requirements with growth of capital through a balance mix of investments in equity and debt at relatively moderate levels of risks through a diversified research based investment approach.


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Balance...





Investment Period

Total Investment

(Rs.) Birla Sun Life

Balance Birla Sun Life

Balance CRISIL Balanced

Fund IndexCRISIL Balanced

Fund Index

Since Inception 110000 174317 206430 9.75 13.25

Last 5 years 60000 66096 71863 3.82 7.15

Last 3 years 36000 31935 34203 -7.62 -3.29

Last 1 year 12000 9820 10745 -31.78 -18.77



PSU/PFI Bonds/Banks 25.70Citibank N A** 8.55 AA+Power Finance Corporation Ltd. 6.94 AAAIDBI Bank Ltd.** 6.24 AA+Infrastructure Development Fin. Co. Ltd.** 3.43 AAAHDFC Bank Ltd.** 0.53 AAA

Consumer Non Durables 15.53ITC Ltd. 5.60 E.I.D. Parry (India) Ltd. 4.68 Radico Khaitan Ltd 2.66 United Spirits Ltd. 1.06 Shaw Wallace Company Ltd. 1.01 Balrampur Chini Mills Ltd. 0.52

Pharmaceuticals 14.63Novartis India Ltd. 5.06 Pfizer Ltd. 3.78 Wyeth Ltd. 2.25 Dr. Reddys Laboratories Ltd. 2.08 Piramal Healthcare Ltd. 1.43 Piramal Life Sciences Limited (PLSL) 0.03

Government Bond 10.85Govt Bond 7.952032 7.12 SovereignGovt Bond 7.61 Oil Company 2015 3.73 Sovereign

Banks 6.35ICICI Bank Ltd. 2.68 Indian Overseas Bank 1.93 Punjab National Bank 1.73

Industrial Capital Goods 4.38Bharat Electronics Ltd. 4.38

Petroleum Products 4.11Reliance Industries Ltd. 2.19 Indian Oil Corporation Ltd. 1.92


** Represents thinly traded/ non traded securities & liquid securities. Total Percentage of thinly/non traded securities is 18.76%.

-28.62

5.67

11.62 11.06

-34.34

3.94

8.41

-40

-30

-20

-10

0

10

20

1 Year


Birla Sun Life Balance - Growth Crisil Balanced Fund Index 3.16%

10.85%

10.91%

14.79%

60.29%


Sovereign

AAA

AA

Other


Software 3.60Infosys Technologies Ltd. 2.65 HCL Technologies Ltd. 0.85 Core Projects & Technologies Ltd 0.09

Fertilisers 2.40Chambal Fertilisers & Chemicals Ltd. 1.28 Tata Chemicals Ltd. 1.11

Gas 2.24Indraprastha Gas Ltd. 2.24




Hotels 0.57Hotel Leelaventure Ltd. 0.57

Construction 0.55Nagarjuna Construction Co. Ltd. 0.55

Transportation 0.19Gateway Distriparks Ltd. 0.19

Finance 0.14Bajaj Finserv Ltd 0.14




Birla Sun Life Monthly IncomeJ a n u a r y 2 0 0 9


Fund Details

Fund Manager :Managing Fund Since : November 30, 2007Total Experience : 18 yearsDate of inception : July 14, 1999Nature of the scheme : An open-ended income scheme

Default Plan / Option : Growth / Dividend ReinvestmentFor Monthly & Quarterly Dividend Fresh Purchase : Rs. 25000/-Additional Purchase : Rs. 5000/-For Growth PlanFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedActual Recurring expenses : 2.16%for the previous financial year ended March 31, 2008 (%) of NAV

Monthly Dividend : 10.52(Payout & Reinvestment)Growth : 28.71Quarterly Dividend : 10.89(Payout & Reinvestment)

Benchmark : CRISIL MIP Blended IndexAverage AUM : Rs. 127.24 Crores

Entry Load : Nil

Exit Load** : 1% if redeemed / switched out within 12 months from the date of allotment **Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.


Yield to Maturity : 8.00

(for Debt Component)

Mark to Market : 77%



Key Features


Load Structure

Other Parameter

High Mid Low Interest rate sensitivity

High

Mid

Low

Credit Quality


An open-ended fund. Monthly income is not assured and is subject to availability of distributable surplus



% R

etu

rns

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


Corporate Debt 41.89

Reliance Industries Ltd. 14.92 AAA

GE Capital Services India Ltd.** 14.61 AAA

Housing Development Finance Corporation Ltd.** 12.36 AAA

PSU/PFI Bonds/Banks 34.33

IDBI Bank Ltd.** 12.87 AA+

National Housing Bank** 8.10 AAA

Power Finance Corporation Ltd. 4.53 AAA

ICICI Bank Ltd.** 4.10 AAA

Indian Railways Finance Corporation Ltd.** 2.66 AAA

Infrastructure Development Finance Company Ltd.** 1.60 AAA

LIC Housing Finance Ltd.** 0.39 AAA

Power Finance Corporation Ltd.** 0.07 AAA

Government Bond 15.49

Govt Bond 8.33 CGL 2036 7.25 Sovereign

Govt Bond 7.99 2017 3.60 Sovereign


Govt Bond 7.952032 1.86 Sovereign

EQUITY 8.27

Cipla Ltd. 1.01

Nestle India Ltd. 0.79




Tata Motors Ltd. 0.52



KEC International Ltd. 0.49

Chambal Fertilisers & Chemicals Ltd. 0.45

HCL Technologies Ltd. 0.34

United Phosphorus Ltd. 0.33

ETC Networks Ltd. 0.29

Gujarat Gas Co. Ltd. 0.27

Rashtriya Chemicals & Fertilizers Ltd. 0.23


McDowell Holdings Ltd. 0.19










-2.35

8.587.73

11.77

-2.31

6.55 6.15

-4

-2

0

2

4

6

8

10

12

14

1 Year


Birla Sun Life Monthly Income - Growth Crisil MIP Blended Index 3.93%

8.27%

12.87%

15.49%

63.34%

Future and Options

Equity

AA

Sovereign

AAA



Hybrid Monthly Income (37 Schemes), 2 years ended 31- Dec-08

Birla Sun Life Monthly Income


Birla Sun Life MIP


J a n u a r y 2 0 0 9


Fund Details

Fund Manager :Managing Fund Since : November 30, 2007Total Experience : 18 yearsDate of inception : November 20, 2000Nature of the scheme : An Open - ended Income Scheme

Default option : Dividend ReinvestmentFor Monthly Dividend / PayoutFresh Purchase : Rs. 25000/-Additional Purchase : Rs. 1000/-For GrowthFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issued Actual Recurring expenses : 2.18%for the previous financial year ended March 31, 2008 (%) of NAV

Dividend : 10.5885(Payout & Reinvestment)Monthly Payment / Growth : 21.2653


Entry Load : Nil

Exit Load** : < Rs. 10 Lakhs - 0.60% if redeemed / switched out within 90 days > Rs. 10 Lakhs - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.


Yield to Maturity : 8.50%





Key Features


Load Structure

Other Parameter

Credit Quality



% R

etu

rns

The primary objective of the schemes is to generate regular income so as to make monthly distributions to unitholders 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 fixed 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.)




ICICI Bank Ltd. ** 8.68 AAA


Infrastructure Development Finance Company Ltd. ** 5.83 AAA

Power Grid Corporation of India Ltd. ** 4.38 AAA


State Bank of India ** 0.24 AAA



Housing Development Finance Corporation Ltd.** 10.90 AAA

GE Capital Services India Ltd.** 4.60 AAA


8.33 Govt Bond 2036 10.55 Sovereign

EQUITY 7.89



Pfizer Ltd. 1.02


ITC Ltd. 0.74


Tata Motors Ltd. 0.50

Cipla Ltd. 0.46

United Phosphorus Ltd. 0.38


Oil & Natural Gas Corporation Ltd. 0.24


Housing Development Finance Corporation Ltd. 0.24


Indian Bank 0.12







** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 50.38%.


-4.02

6.88 6.68

9.74

-2.31

6.55 6.15

-6

-4

-2

0

2

4

6

8

10

12

1 Year


Birla Sun Life MIP - Growth Crisil MIP Bended Index

2.86%

6.76%

7.89%

10.55%

15.75%

56.19%

Future and Options


Equity

Sovereign

AA

AAA



29


High

Mid

Low

Birla Sun Life MIP II - Wealth 25 Plan


J a n u a r y 2 0 0 9


Fund Details

Fund Manager :Managing Fund Since : November 30, 2007Total Experience : 18 yearsDate of inception : May 22, 2004Nature of the scheme : An open-ended income scheme

Default option : Dividend ReinvestmentFor Monthly Dividend / PayoutFresh Purchase : Rs. 25000/-Additional Purchase : Rs. 1000/-For GrowthFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedActual Recurring expenses : 2.23%for the previous financial year ended March 31, 2008 (%) of NAV

Dividend : 9.8910(Payout & Reinvestment)

Growth / Payment : 13.8097


Entry Load : Nil

Exit Load** : 1% if redeemed / switched out within 12 months from the date of allotment **Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.







Key Features


Load Structure

Other Parameter

Credit Quality

30



% R

etu

rns

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.






8.24 Govt. Bond 2027 1.76 Sovereign


Housing Development Finance Corporation Ltd. ** 14.99 AAA


EQUITY 18.45

Bharat Electronics Ltd. 2.15


Nava Bharat Ventures Ltd. 1.26


Novartis India Ltd. 1.24

Pfizer Ltd. 1.11





Simplex Infrastructures Ltd. 0.97

Axis Bank Ltd. 0.96

ITC Ltd. 0.96

HDFC Bank Ltd. 0.95

Aditya Birla Nuvo Ltd. 0.55















-11.53

4.63

7.25

-2.31

6.55 6.90

-15

-10

-5

0

5

10

1 Year


Birla Sun Life MIP - Wealth 25 - Growth Crisil MIP Bended Index2.27%

4.46%

7.71%

18.45%

31.41%

35.69%


Future and Options

AA

Equity

AAA

Sovereign




High

Mid

Low

Birla Sun Life MIP II - Savings 5 Plan


J a n u a r y 2 0 0 9


Fund Details

Fund Manager :Managing Fund Since : November 30, 2007Total Experience : 18 yearsDate of inception : May 22, 2004Nature of the scheme : An open-ended income scheme

Default option : Growth / Dividend ReinvestmentFor Monthly Dividend / PaymentFresh Purchase : Rs. 25000/-Additional Purchase : Rs. 1000/-For GrowthFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : Available Plan (SIP)Systematic Withdrawal : Available Plan (SWP)Systematic Transfer : AvailablePlan (STP) Actual Recurring expenses : 0.41%for the previous financial year ended March 31, 2008 (%) of NAV

Monthly Dividend : 11.9123(Payout & Reinvestment)

Monthly Payment / Growth : 16.0928 Benchmark : CRISIL MIP Blended IndexAverage AUM : Rs. 24.62 Crores

Entry Load : Nil

Exit Load : Nil







Key Features


Load Structure (Incl. for SIP)

Other Parameter

Credit Quality

31



% R

etu

rns

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


Government Bond 87.45%

8.24% GOI 2018 44.07% Sovereign

Govt Bond 7.95% 2032 43.38% Sovereign

Money Market Instruments 2.59%

Tata Capital Ltd. 2.59% A1+

PSU/PFI Bonds/Banks 2.12%

Power Finance Corporation Ltd. 2.12% AAA

Cash & Current Assets 7.84%

Total Net Asset 100%




Birla Sun Life MIP II - Savings 5 - Growth Crisil MIP Bended Index




High

Mid

Low28.46

14.17

10.86

-2.31

6.55 6.9

-5

0

5

10

15

20

25

30

1 Year 3 Years Since Inception 87.45%

4.71%

7.84%

Sovereign

AAA


ii#

iiiValue Research RatingBirla Sun Life MIP II Savings 5 Plan

Hybrid : Monthly Income (37 Schemes), 2 years ended 31-Dec-08


Birla Sun Life Asset Allocation FundAs on December 31, 2008

J a n u a r y 2 0 0 9


Birla Sun Life AAF Aggressive Plan - Growth S & P CNX Nifty


An open-ended Fund of Funds scheme with the objective to provide income and capital appreciation along with diversification by investing in a basket of debt and equity Mutual Fundschemes in line with the risk profile of the investors.


Fund Details

Fund Manager :Mr. Satyabrata Mohanty

Managing Fund Since : February 19, 2007Total Experience : 18 yearsDate of inception : February 24, 2004Nature of the scheme : Open - ended Fund of Funds

Scheme

Default option : Dividend ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedActual Recurring expensesfor the previous financial year ended March 31, 2008 (%) of NAVAggressive Plan : 0.35%Conservative Plan : 0.35%Moderate Plan : 0.35%

Aggressive PlanDividend : 18.1536(Payout & Reinvestment)Growth : 18.1536Conservative PlanDividend : 15.8719(Payout & Reinvestment)Growth : 15.8719Moderate PlanDividend : 17.5235(Payout & Reinvestment)Growth : 17.5235

BenchmarkAggressive Plan : S&P CNX NIFTYModerate Plan : CRISIL Balanced Fund IndexConservative Plan : CRISIL MIP Blended IndexAverage AUMAggressive Plan : Rs. 6.48 CroresConservative Plan : Rs. 4.65 CroresModerate Plan Rs. 4.43 Crores

Entry Load Aggressive Plan : 1.50%Moderate Plan : 1.00%Conservative Plan : 1.00%

Exit Load : Nil

Standard Deviation Aggressive Plan : 22.32%Conservative Plan : 6.26%Moderate Plan : 16.66%

Mr. Ajay Garg /

Key Features


:

Load Structure

Other Parameter

Credit Quality

Investment Performance - Aggressive Plan


Birla Sun Life AAF Conservative Plan - Growth Crisil MIP Blended Index

Investment Performance - Conservative Plan


Birla Sun Life AAF Moderate Plan - Growth Crisil Balanced Fund Index

Mutual Fund Units 64.52Birla Sun Life Dynamic Bond Fund - Growth 23.00

Birla Sun Life Midcap Fund - Growth 14.56

Birla Sun Life Advantage Fund - Growth 8.65

Birla Sun Life Short Term Fund - Growth 7.30

Birla Sun Life Income Fund - Growth 6.74

Birla Sun Life New Millennium Fund - Growth 4.28



Portfolio & Asset Allocation - Moderate PlanPortfolio & Asset Allocation - Aggressive Plan

Portfolio & Asset Allocation - Conservative Plan

Issuer % to Net Assets Issuer % to Net Assets

Issuer % to Net Assets

Mutual Fund Units 66.33Birla Sun Life Advantage Fund - Growth 16.34


Birla Sun Life Dynamic Bond Fund - Growth 11.08



Birla Sun Life Short Term Fund - Growth 4.84

Birla Sun Life Gilt Plus Inv - Growth 1.35



Mutual Fund Units 54.79Birla Sun Life Short Term Fund - Growth 34.77



Birla Sun Life Dynamic Bond Fund - Retail Plan - Growth 2.81

Birla Sun Life Advantage Fund - Growth 2.05




-37.33

5.08

13.07

-51.7

1.42

10.51

-60

-50

-40

-30

-20

-10

0

10

20

1 Year


Investment Performance - Moderate Plan

-26.81

7.19

12.25

-34.34

3.94

8.58

-40

-30

-20

-10

0

10

20

1 Year


-5.33

8.829.98

-2.31

6.55 6.37

-8

-6

-4

-2

0

2

4

6

8

10

12

1 Year



Equity - Diversified (218 Schemes), 3 & 5 years ended 31- Dec-08

Birla Sun Life AAF - Aggressive«««««Value Research Rating

Hybrid Debt - Oriented (29 Schemes), 3 & 5 years ended 31- Dec-08

Birla Sun Life AAF - Conservative



32


High

Mid

Low

CRISIL~CPR 2^^Birla Sun Life Cash Plus - Institutional Plan

Liquid Institutional Scheme (12 Schemes), 1 Yr ended 30-Sep-08

#iiiValue Research Ratingii

Birla Sun Life Cash Plus - Institutional Premium PlanDebt: Ultra Short Term Inst. Prem. Schemes (56 Schemes), 18 months ended 31-Dec-08


J a n u a r y 2 0 0 9Birla Sun Life Cash Plus


Low Interest RateSensivity

High

Mid

Low

Credit Quality

High Med

Fund Details

Fund Manager :Maneesh Dangi

Managing Fund Since : November 30, 2007Total Experience : 10 years & 6 yearsDate of inception : June 16, 1997Nature of the scheme : An Open Ended Liquid Scheme

Default option : Appln of less than Rs. 1 cr - Retail Plan - Dividend ReinvestmentAppln of equal to or greater than Rs. 1 cr but less than Rs. 5 cr - Institutional Plan - Daily Dividend ReinvestmentAppln of equal to or greater than Rs. 5 cr - Institutional Premium Plan - Daily Dividend Reinvestment

Retail PlanFresh Purchase : Rs. 10000/-Additional Purchase : Rs. 1000/-Institutional PlanFresh Purchase : Rs. 1 CroreAdditional Purchase : Rs. 1 LacInstitutional Premium PlanFresh Purchase : Rs. 5 CroreAdditional Purchase : Rs. 1 LacRedemption Cheques : Within 10 working days issuedSystematic Investment : Not Available Plan (SIP)Systematic Withdrawal : Available Plan (SWP)Systematic Transfer : AvailablePlan (STP) Actual Recurring expenses : 0.33%for the previous financial year ended March 31, 2008 (%) of NAV

Retail PlanGrowth : 23.2003Daily Dividend : 16.3694(Reinvestment)

Institutional PlanGrowth : 23.4413Daily Dividend : 10.8023(Reinvestment)Fortnightly Dividend : 10.8332(Payout & Reinvestment)Weekly Dividend : 10.8190(Payout & Reinvestment)

Institutional Premium PlanGrowth : 13.8192Daily Dividend : 10.0195(Payout & Reinvestment)Fortnightly Dividend : 10.0000(Payout & Reinvestment)Weekly Dividend : 10.0342(Payout & Reinvestment)Monthly Dividend : 10.0000(Payout & Reinvestment)

Benchmark : CRISIL Liquid Fund IndexAverage AUM : Rs. 6187.51 Crores

Entry Load : Nil

Exit Load : Nil

Average Maturity : 0.24 YearsYield to Maturity : 8.90%(for Debt Component)

Mark to Market : 1 %Standard Deviation : 0.17%

Mr.Satyabrata Mohanty &

Key Features


Load Structure

Other Parameter

33


CRISIL~CPR 2^^Birla Sun Life Cash Plus - Retail Plan

Liquid Scheme (30 Schemes), 5 Yrs ended 30-Sep-08

CRISIL~CPR 2^^Birla Sun Life Cash Plus - Institutional Premium PlanLiquid Super Institutional Scheme (19 Schemes), 1 Yr ended 30-Sep-08

#iiiValue Research Ratingi

Birla Sun Life Cash Plus - Retail PlanDebt: Ultra Short Term Schemes (52 Schemes), 18 months ended 31-Dec-08

CRISIL~CPR 1^^Birla Sun Life Cash Plus - Retail Plan

Consistent CPR Performer - Liquid (15 Schemes) , 5 Yrs ended 30-Sep-08


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.



Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.

% R

etu

rns

Birla Sun Life Cash Plus - Retail - Growth CRISIL Liquid Fund Index

7.91 7.658.25

7.56

9.98 10.17 10.13

0

2

4

6

8

10

12

15 days 1 Month 3 Months Since Inception 3.13%

17.10%

79.77%

AA


AAA




Floating Rate Instruments 35.72

Housing Development Finance Corporation Ltd. 7.14 AAA

Citifinancial Consumer Finance India Ltd 4.68 AA+

Infrastructure Development Finance Co. 4.31 LAAA

Ultratech Cement Ltd. 3.19 AAA

Tata Steel Ltd. 3.19 FAAA

LIC Housing Finance Ltd. 2.15 AAA

Tata Sons Ltd. 1.60 AAA

Housing Development Finance Corporation Ltd. 1.42 LAAA

Madras Cements Ltd. 1.06 A1+

Gruh Finance Ltd 1.06 LAA+

Axis Bank Ltd. 0.83 LAA+

ICICI Bank Ltd. 0.70 AAA

IDBI Bank Ltd. 0.64 CARE AA+

Power Finance Corp. Ltd. 0.62 AAA

ICICI Bank Ltd. 0.53 CARE AAA

Hero Honda Finlease Ltd. 0.53 P1+

Citicorp Finance India Ltd. 0.53 AA+

Indian Railway Finance Corporation Ltd. 0.51 AAA

Infrastructure Development Finance Co. 0.43 AAA

IDBI Bank Ltd. 0.32 AA+

Sundaram Finance Ltd. 0.17 LAA+

Union Bank of India 0.10 AA+

Money Market Instruments 29.42

ICICI Bank Ltd. 15.30 A1+

Housing Development Finance Corporation Ltd. 4.81 A1+

Punjab National Bank 3.94 PR1+

ICICI Home Finance Company Ltd. 1.06 A1+

State Bank of Patiala 0.99 P1+

Yes Bank Ltd. 0.58 A1+

Oriental Bank Of Commerce 0.54 P1+

Standard Chartered Inv And Loans (I) Ltd. 0.52 P1+

Development Credit Bank Ltd. 0.42 P1+

State Bank of Hyderabad 0.39 A1+

Karur Vysya Bank Ltd. 0.28 F1+

Tata Motors Finance Ltd. 0.26 A1+

GE Capital Services India Ltd. 0.20 P1+

ICICI Securities Ltd. 0.05 P1+

Federal Bank Ltd. 0.04 P1+

Reliance Capital Ltd. 0.03 A1+

Export-Import Bank of India 0.02 A1+

Securitised Debt 16.25

Hindustan Petroleum Corporation Ltd** 5.60 A1+(SO)

Hutchisson Essar ** 4.54 F1+(SO)

IndiaBulls Financial Services Ltd** 2.15 P1+(SO)

Bharti Ventures Ltd** 2.10 A1+(SO)

Bennett, Coleman & Company Ltd** 1.08 P1+(SO)


Corporate Debt 1.50

Housing Development Finance Corporation. Ltd.** 1.50 AAA



** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 17.75 %.

J a n u a r y 2 0 0 9Birla Sun Life Liquid Plus



High

Mid

Low

Credit Quality

High Med

Fund Details


Managing Fund Since : November 30, 2007Total Experience : 10 years & 6 yearsDate of inception : November 27, 2001Nature of the scheme : An Open Ended Short Term

Income Scheme

Default option : Appln of less than Rs. 1 cr - Retail Plan - Weekly Dividend ReinvestmentAppln of equal to or greater than Rs. 1 cr - Institutional Plan - Daily Dividend Reinvestment

Retail PlanFresh Purchase : Rs. 10000/-Additional Purchase : Rs. 1000/-Institutional PlanFresh Purchase : Rs. 1 CroreAdditional Purchase : Rs. 1 LacRedemption Cheques : Within 10 working days issuedSystematic Investment : Available Plan (SIP)Systematic Withdrawal : Available Plan (SWP)Systematic Transfer : AvailablePlan (STP) Actual Recurring expenses : 0.43%for the previous financial year ended March 31, 2008 (%) of NAV

Retail PlanGrowth : 16.0756Daily Dividend : 10.0068(Reinvestment)Weekly Dividend : 10.0168(Payout & Reinvestment)Fortnightly Dividend : 11.1229(Payout & Reinvestment)Monthly Dividend : 10.1217(Payout & Reinvestment)

Institutional PlanGrowth : 16.3262Daily Dividend : 10.0068(Reinvestment)Weekly Dividend : 10.0173(Payout & Reinvestment)Fortnightly Dividend : 10.6884(Payout & Reinvestment)Monthly Dividend : 10.1317(Payout & Reinvestment)

Benchmark : CRISIL Short-Term Bond Fund Index

Average AUM : Rs. 6988.31 Crores

Entry Load : Nil

Exit Load : Nil

Average Maturity : 0.55 YearsYield to Maturity : 9.50%(for Debt Component)Mark to Market : 4%Standard Deviation : 0.24%


Key Features



Other Parameter


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

undernormal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.

% R

etu

rns

Birla Sun Life Liquid Plus - Retail Growth CRISIL Short-Term Bond Fund Index




Money Market Instruments 71.02IDBI Bank Ltd. 8.37 P1+

IDBI Bank Ltd. 8.24 A1+


Housing Development Finance Corporation Ltd. 6.63 A1+

State Bank of Bikaner and Jaipur 4.66 P1+

Standard Chartered Bank 3.97 P1+

CitiBank N.A. 3.92 P1+


Jammu & Kashmir Bank Ltd. 3.79 P1+

Punjab National Bank 3.26 PR1+

Punjab National Bank 3.16 F1+

ING Vysya Bank Ltd. 2.65 P1+

Indian Oil Corporation Ltd. 2.29 A1+

ICICI Securities Ltd. 1.63 P1+

Export-Import Bank of India 1.54 A1+


UCO Bank 0.68 P1+

Indiabulls Financial Services Ltd. 0.63 P1+

Kotak Mahindra Bank Ltd. 0.60 P1+

Yes Bank Ltd. 0.55 A1+

Canara Bank 0.49 P1+

ABN AMRO Bank 0.44 A1+

State Bank of India 0.42 P1+

Infrastructure Development Finance Company Ltd. 0.41 A1+


Vijaya Bank 0.21 P1+

Tata Capital Ltd. 0.18 A1+

Export-Import Bank of India 0.14 AAA


Union Bank of India 0.07 A1+

Birla Global Finance Ltd. 0.07 A1+


Securitised Debt 15.73Bharat Petroleum Corporation Ltd** 4.58 P1+(SO)


DLF Ltd** 1.61 F1(SO)

Power Finance Corporation Ltd** 1.50 AAA(SO)



Bharat Petroleum Corporation Ltd** 0.58 P1+(SO)

Shriram Transport Finance Company Ltd** 0.57 F1+(SO)



Indian Retail ABS Trust** 0.09 AAA(SO)

NTPC Ltd** 0.08 AAA(SO)

Wockhardt Ltd** 0.04 F1+(SO)

L & T Finance Ltd** 0.03 P1+(SO)

Bharti Ventures Ltd** 0.02 A1+(SO)

NTPC Ltd** 0.00 AAA(SO)

Floating Rate Instruments 6.59Housing Development Finance Corporation Ltd. 3.90 AAA

Housing Development Finance Corporation Ltd. 1.35 LAAA

Kalpataru Ltd. 0.69 Unrated

Indian Railway Finance Corporation Ltd. 0.33 AAA

Tata Sons Ltd. 0.20 AAA

IDBI Bank Ltd. 0.07 AA+

Indian Retail ABS Trust 0.06 AAA(SO)

Corporate Debt 6.05Housing Development Finance Corporation Ltd.** 2.50 AAA

TRIL Infopark Ltd.** 1.32 PR1+

CitiFinancial Consumer Finance India Ltd** 1.09 AA+

IL&FS Financial Services Ltd.** 0.33 F1+

Sundaram Finance Ltd.** 0.29 AA+

Kotak Mahindra Prime Ltd.** 0.27 LAA

Sundaram Finance Ltd.** 0.08 LAA+

ICICI Home Finance Company Ltd.** 0.06 LAAA

Sundaram Finance Ltd.** 0.04 P1+

Mahindra & Mahindra Financial Services Ltd.** 0.03 AA+

Cholamandalam DBS Finance Ltd.** 0.03 AA-

Government Bond 0.135.87 Govt Bond 2010 0.13 Sovereign

PSU/PFI Bonds/Banks 0.04Infrastructure Development Finance Company Ltd.** 0.04 AAA






8.94

7.88

6.656.92

9.50

7.65

6.02

0

1

2

3

4

5

6

7

8

9

10

1 Year 3 Years 5 Years Since Inception0.13%

0.44%

0.69%

1.86%

96.88%

Sovereign


Unrated

AA

AAA



Birla Sun Life Liquid Plus - Institutional PlanDebt: Liquid Plus Inst (37 Schemes), 18 months & 3yrs ended 31-Dec-08


Birla Sun Life Liquid Plus - Retail PlanDebt: Liquid Plus (36 Schemes), 18 months & 3yrs ended 31-Dec-08


34

J a n u a r y 2 0 0 9Birla Sun Life Short Term Fund



High

Mid

Low

Credit Quality

High Med

Fund Details


Managing Fund Since : November 30, 2007Total Experience : 10 years & 6 yearsDate of inception : April 19, 2002Nature of the scheme : An Open Ended Short Term

Income Scheme

Default option : Appln of less than Rs. 2 cr - Retail Plan - Fortnightly Dividend ReinvestmentAppln of equal to or greater than Rs. 2 cr - Institutional Plan - Fortnightly Dividend Reinvestment

Retail PlanFresh Purchase : Rs. 10000/-Additional Purchase : Rs. 1000/-Institutional PlanFresh Purchase : Rs. 2 CroreAdditional Purchase : Rs. 1 LacRedemption Cheques : Within 10 working days issuedSIP : AvailableSWP : Available STP : Available Actual Recurring expenses : 0.59%for the previous financial year ended March 31, 2008 (%) of NAV

Retail PlanGrowth : 15.6551Daily Dividend : 10.0055(Reinvestment)

Fortnightly Dividend : 10.1758(Payout & Reinvestment)


Institutional PlanGrowth : 10.2578Daily Dividend : 10.0055(Reinvestment)

Fortnightly Dividend : 10.0785(Payout & Reinvestment)


Benchmark : CRISIL Short-Term Bond Fund Index


Entry Load : NilExit Load** : For Purchase/switch-in of units,

less than or equal to Rs. 100 crores in value, an exit load of 0.25% is payable if units are redeemed /switched-out within 21 days from the date of allotment.For Purchase/switch-in of units, greater than Rs. 100 crores in value, an exit load of 0.25% is payable if units are redeemed /switched-out within 15 days from the date of allotment.w.e.f. Jan 12, 09:For Units redeemed/ switched out within seven days from the date of allotment - an exit load of 0.25% of applicable NAV.**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.

Average Maturity : 0.57 YearsYield to Maturity : 8.70%(for Debt Component)Mark to Market : 0%Standard Deviation : 0.40%Risk Free Rate(assumed) : 4.65%


Key Features



Other Parameter


An open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a

diversified portfolio of debt and money market securities with relatively low levels of interest rate risk.


% R

etu

rns

Birla Sun Life Short Term Fund - Retail Plan - Growth CRISIL Short-Term Bond Fund Index





IDBI Bank Ltd. 11.95 P1+

UCO Bank 11.31 P1+


Canara Bank 9.65 P1+

Union Bank of India 8.16 P1+

State Bank of Indore 5.66 P1+

Oriental Bank of Commerce 5.25 P1+

Allahabad Bank 5.17 A1+



Bank of Baroda 3.63 P1+

State Bank of Mysore 3.63 A1+

State Bank of Bikaner and Jaipur 3.47 P1+

State Bank of Patiala 2.51 A1+

Vijaya Bank 1.81 PR1+

Andhra Bank 1.81 F1+

Vijaya Bank 0.99 P1+

IDBI Bank Ltd. 0.49 A1+

State Bank of India 0.35 P1+

Union Bank of India 0.35 A1+

Corporation Bank 0.29 P1+

State Bank of Travancore 0.14 A1+








8.70 8.50

6.89 6.91

9.50

7.65

6.02 6.29

0

1

2

3

4

5

6

7

8

9

10

1 Year 3 Years 5 Years Since Inception 1.52%

2.56%

95.92%


Sovereign

AAA



Birla Sun Life Short Term Fund - Retail PlanDebt: Short Term Schemes (25 Schemes), 18 months ended 31-Dec-08

7-Star Gold Award by @ICRABirla Sun Life Short Term Fund - GrowthLiquid Plus Schemes (2 Schemes), 1 year ended 6 31-Dec-07

CNBC TV-18 CRISIL AWARD 2007Birla Sun Life Short Term Fund

&&

Category: Income – Short Term Funds 1 yr performance ended 31 Dec, ‘07. Total Schemes in Category = 12


35

J a n u a r y 2 0 0 9Birla Sun Life Income Plus



High

Mid

Low

Credit Quality

High Med

Fund Details

Fund Manager :Managing Fund Since : November 30, 2007Total Experience : 6 yearsDate of inception : October 21, 1995Nature of the scheme : An open-ended income scheme


Growth : 42.2214

Dividend : 12.1979

(Payout & Reinvestment)

Benchmark : CRISIL Composite Bond Fund Index


Entry Load : Nil

Exit Load** : For Purchase / Switch in of Units, upto and including Rs. 10 lacs in value, an exit load of 1.00% is payable if units are redeemed / switched out within 365 days from the date of allotment.For Purchase / Switch in of Units, greater than Rs. 10 lacs in value, an exit load of 0.25% is payable if units are redeemed / switched out within seven days from the date of allotment**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.


Modified Duration : 8 Years






Maneesh Dangi

Key Features



Other Parameter


An open-ended income scheme with the objective to generate consistent income through superior yields on its investments at moderate levels

of risk through a diversified investment approach.


% R

etu

rns

Birla Sun Life Income Plus CRISIL Composite Bond Fund Index





Govt Bond 7.952032. 14.64 Sovereign

Govt Bond 8.33 CGL 2036. 12.11 Sovereign



7.00 GOI 2022 4.72 Sovereign





8.15 GOI FCI SB 2022 0.27 Sovereign


Rural Electrification Corporation Ltd. 4.34 AAA


IDBI Bank Ltd. ** 3.55 AA+

National Housing Bank. ** 2.08 AAA

Rural Electrification Corporation Ltd. ** 1.04 AAA

Indian Railways Finance Corporation Ltd. ** 0.85 AAA

Export-Import Bank of India. ** 0.36 AAA

Rural Electrification Corporation Ltd. ** 0.21 AAA




Infrastructure Leasing & Finance Services Ltd. ** 0.05 LAAA(SO)

Reliance Industries Ltd.** 0.02 AAA






23.53

13.61

8.63

11.52

9.03

6.62

4.82

0

5

10

15

20

25


19.43%

26.37%

50.66%

AA


AAA

Sovereign

7-Star Gold Award by @ICRABirla Sun Life Income Plus - GrowthDebt Long Term (18 Schemes), 1 year ended 31-Dec-07

CRISIL~CPR 1^^Birla Sun Life Income Plus

Income Scheme (17 Schemes), 1 Yr ended 30-Sep-08

CRISIL~CPR 1^^Birla Sun Life Income Plus

Consistent CPR Performer-Debt (13 Schemes), 1 Yr ended 30-Sep-08



36

CRISIL~CPR 1^^Birla Sun Life Income Fund

Income Scheme (17 Schemes), 2 Yrs ended 30-Sep-08

CNBC TV-18 CRISIL AWARD 2007Birla Sun Life Income Fund

&&

Category: Income Funds 1 yr performance ended 31 Dec, ‘07. Total Schemes in Category = 17


J a n u a r y 2 0 0 9Birla Sun Life Income Fund



High

Mid

Low

Credit Quality

High Med

Fund Details

Fund Manager :Managing Fund Since : November 30, 2007Total Experience : 10 years Date of inception : March 3, 1997Nature of the scheme : An open-ended income scheme


Growth : 35.7725

Quarterly Dividend : 12.2350


Half Yearly Dividend : 13.0660


54 EA Growth : 35.7477

54 EA Dividend : 15.7523

54 EB Growth : 35.5226

54 EB Dividend : 15.7690



Entry Load : NilExit Load** : < Rs. 1 crore - 1% if redeemed

/ switched out within 365 days > Rs. 1 crore - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.


Modified Duration : 8 Years






Mr.Satyabrata Mohanty

Key Features



Other Parameter


An open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified

portfolio of debt and money market securities.


% R

etu

rns

Birla Sun Life Income Fund CRISIL Composite Bond Fund Index








National Housing Bank** 7.48 AAA

Indian Railways Finance Corporation Ltd.** 3.32 AAA


10.85 Rural Electrification Corporation Ltd** 1.67 AAA

11.50 Rural Electrification Corporation Ltd. 1.14 AAA


Corporate Debt 6.81


Reliance Industries Ltd.** 3.32 AAA






23.37

14.47

9.45

11.37

9.03

6.62

4.82

0

5

10

15

20

25


23.41%

27.65%

46.68%

AA

AAA


Sovereign


Birla Sun Life Income FundDebt: Medium Term (54 Schemes), 18 months & 3yrs ended 31-Dec-08

Best Fund - 3 & 10 yrs Performance Lipper Awards India 2008

Birla Sun Life Income Fund - GrowthBond INR General, 3 yrs ended 31-Dec-07 out of 100 & 10 Schemes respectively

Winner of


37


J a n u a r y 2 0 0 9Birla Sun Life Cash Manager



High

Mid

Low

Credit Quality

High Med

Fund Details


Managing Fund Since : November 30, 2007Total Experience : 10 years & 6 yearsDate of inception : May 14, 1998Nature of the scheme : An open-ended liquid scheme

Default option : Appln of less than Rs. 1 cr - Weekly Dividend Reinvestment.Appln of equal to or greater than Rs. 1 cr - Institutional Plan - Daily Dividend Reinvestment

Retail PlanFresh Purchase : Rs. 10000/-Additional Purchase : Rs. 1000/-Institutional PlanFresh Purchase : Rs. 1 CroreAdditional Purchase : Rs. 1 LacRedemption Cheques : Within 10 working days issuedSystematic Investment : Not Available Plan (SIP)Systematic Withdrawal : Available Plan (SWP)Systematic Transfer : AvailablePlan (STP) Actual Recurring expenses : 0.43%for the previous financial year ended March 31, 2008 (%) of NAV

Growth : 21.1569

Weekly Dividend : 10.0022

(Reinvestment)

Institutional Growth : 14.4395

Institutional Daily Dividend : 10.0030

(Reinvestment)

Institutional Weekly Dividend : 10.0022

(Reinvestment)

Benchmark : CRISIL Liquid Fund IndexAverage AUM : Rs. 102.95 Crores

Entry Load : Nil

Exit Load : Nil




Mark to Market : 0%



Key Features


Load Structure

Other Parameter


An open-ended liquid scheme with the objective to provide current income which is consistent with a portfolio that offers investors superior

liquidity by investing 100% in a diversified portfolio of debt (Fixed Income) and money market securities.

Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.

% R

etu

rns

Birla Sun Life Cash Manager CRISIL Liquid Fund Index









Axis Bank Ltd. 3.36 P1+





8.46 8.239.02

7.30

9.98 10.17 10.13

0

2

4

6

8

10

12

15 days 1 Month 3 Months Since Inception

9.21%

90.79%


AAA


Birla Sun Life Cash ManagerDebt: Ultra Short Term (51 Schemes), 18 months ended 31-Dec-08


38

J a n u a r y 2 0 0 9

Birla Sun Life Floating Rate Fund



High

Mid

Low

Credit Quality

High Med

Fund Details

Fund Manager :Total Experience : 10 years Date of inception : June 05, 2003Nature of the scheme : An Open-ended

Scheme

Default optionLong Term Plan : Dividend ReinvestmentShort Term Plan : Appln of less than Rs. 5 cr - Daily

Dividend ReinvestmentAppln of equal to or greater than Rs. 5 cr - Institutional Plan - Daily Dividend Reinvestment

Short Term - Retail Plan & Long Term Plan Fresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Short Term - Institutional PlanFresh Purchase : Rs. 5 CroreAdditional Purchase : Rs. 1 LacRedemption Cheques : Within 10 working days issuedSIP : Available### SWP : Available STP : AvailableActual Recurring expensesfor the previous financial year ended March 31, 2008 (%) of NAVLong Term Plan : 0.42%Short Term Plan : 0.41%

Long Term PlanGrowth : 14.3572Daily Dividend : 10.0050(Reinvestment)Weekly Dividend : 10.0118(Reinvestment)Monthly Dividend : 10.3758(Reinvestment)Short Term PlanGrowth : 14.2077Daily Dividend : 10.0015(Reinvestment)Dividend : 10.3846(Reinvestment)Institutional Plan - Growth : 11.4358Institutional Plan - Daily Dividend (Reinvestment) : 10.0000Institutional Plan - Fortnightly Dividend : 10.0000(Reinvestment)Institutional Plan - Weekly Dividend : 10.0175(Reinvestment)

Benchmark : CRISIL Liquid Fund IndexAverage AUMLong Term Plan : Rs. 65.72 CroresShort Term Plan : Rs. 79.09 Crores

Long Term Plan (Incl. for SIP) Entry Load : NilExit Load** : 0.10% Redeemed / switched out

within 7 days from the date of allotment

Short Term PlanEntry Load : NilExit Load : Nil

**Exit / Entry Load is NIL for units issued

in Bonus & Dividend Reinvestment.

Average Maturity Long Term Plan : 0.19 YearsShort Term Plan : 0.08 YearsYield to Maturity (for Debt Component)Long Term Plan : 8.75 %Short Term Plan : 7.40 %Mark to MarketLong Term Plan : 0%Short Term Plan : 0 %Standard Deviation Long Term Plan : 0.19 %Short Term Plan : 0.32 %

Mr.Satyabrata Mohanty

Income

Key Features


Load Structure

Other Parameter


The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate

debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.


% R

etu

rns

Birla Sun Life Floating Rate Fund - LTP - Growth CRISIL Liquid Fund Index







Export-Import Bank of India 9.88 AAA

State Bank of Travancore 8.63 A1+

UCO Bank 8.57 P1+







Investment Performance - Long Term Plan Rating Profile - Long Term Plan

Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more.

% R

etu

rns

Birla Sun Life Floating Rate Fund - STP - Growth CRISIL Liquid Fund Index

Investment Performance - Short Term Plan Rating Profile - Short Term Plan



LIC Housing Finance Ltd. 20.25 AAA

Citicorp Finance India Ltd. 20.25 AA+

CitiFinancial Consumer Finance India Ltd. 6.75 AA+

ICICI Bank Ltd. 2.70 AAA




Infrastructure Development Finance Corporation Ltd. 3.06 A1+




Portfolio & Asset Allocation - Long Term Plan Portfolio & Asset Allocation - Short Term Plan

7.37 7.18

8.73

6.50

9.98 10.17 10.13

5.90

0

2

4

6

8

10

12

15 days 1 Month 3 Months Since Inception4.52%

27.00%

68.48%


AA

AAA

3.81%

96.19%


AAA


9.25

7.97

6.83 6.7

8.41

7.31

6.1 5.9

0

1

2

3

4

5

6

7

8

9

10

1 Year 3 Years 5 Years Since Inception

### Not Available for Birla Sun Life Floating Rate Fund - Short Term Plan 39

J a n u a r y 2 0 0 9

Birla Sun Life Gilt Plus



High

Mid

Low

Credit Quality

High Med

Fund Details


Managing Fund Since : November 30, 2007Total Experience : 10 years & 6 yearsDate of inception : October 12, 1999Nature of the scheme : An Open Ended Government

Securities Scheme

Default option : GrowthFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : Available Plan (SIP)Systematic Withdrawal : Available Plan (SWP)Systematic Transfer : AvailablePlan (STP) Actual Recurring expensesfor the previous financial year ended March 31, 2008 (%) of NAVLiquid Plan : 0.75%PF Plan : 1.50%Regular Plan : 1.50%

Liquid PlanGrowth : 20.0084(Quarterly Gain & Annual Gain)Dividend : 10.3767(Payout & Reinvestment)Annual Dividend Option : 10.3264(Payout & Reinvestment)PF PlanGrowth : 26.7091(Quarterly Gain & Annual Gain)Dividend : 11.8294(Payout & Reinvestment)Annual Dividend Option : 23.1751(Payout & Reinvestment)Regular PlanGrowth : 32.8900(Quarterly Gain & Annual Gain)Dividend : 13.5169(Payout & Reinvestment)Annual Dividend Option : 27.9368(Payout & Reinvestment)

Benchmark :Liquid Plan : I-Sec SI-BEXPF Plan : I-Sec LI-BEXRegular Plan : I-Sec LI-BEXAverage AUMLiquid Plan : Rs. 15.60 CroresPF Plan : Rs. 81.20 CroresRegular Plan : Rs. 217.66 Crores

Liquid Plan, Regular Plan & PF Plan - Quarterly / Annual DividendEntry Load : NilExit Load : NilPF Plan - GrowthEntry Load : NilExit Load** : 1% if redeemed / switched out

within 365 days from the date of allotment**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.

Average Maturity Liquid Plan : 0.00 YearsPF Plan : 20.82 YearsRegular Plan : 15.91 YearsModified Duration (for Debt Component)Liquid Plan : 0 YearsPF Plan : 13 YearsRegular Plan : 10 YearsYield to Maturity (for Debt Component)Liquid Plan : 4.35 %PF Plan : 6.75 %Regular Plan : 6.50 %Mark to MarketLiquid Plan : 0 %PF Plan : 94 % Regular Plan : 95 %Standard Deviation Liquid Plan : 1.68 %PF Plan : 16.23 % Regular Plan : 14.59 %


Key Features



Other Parameter


An open-ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively

in Government Securities.



Investment Performance - Liquid Plan Rating Profile - Liquid Plan


Investment Performance - PF Plan Rating Profile - PF Plan


Investment Performance - Regular plan Rating Profile - Regular Plan






8.15 GOI FCI SB 2022 6.73 Sovereign






Portfolio & Asset Allocation - Liquid Plan Portfolio & Asset Allocation - PF Plan









Portfolio & Asset Allocation - Regular Plan

Birla Sun Life Gilt Plus I-Sec SI-BEX

Birla Sun Life Gilt Plus I-Sec LI-BEX

Birla Sun Life Gilt Plus I-Sec LI-BEX

5.045.84 5.37

7.81

14.13

9.30

7.29

0

2

4

6

8

10

12

14

16


% R

etu

rns

% R

etu

rns

% R

etu

rns

20.21

10.54

6.93

11.23

29.14

13.58

8.94

0

5

10

15

20

25

30

35


28.10

14.56

9.41

13.77

29.14

13.58

8.94

0

5

10

15

20

25

30

35


5.87%

94.13%


Sovereign

100.00%Cash & Current Assets

5.19%

94.81%


Sovereign

CRISIL~CPR 1^^Birla Sun Life Gilt Plus - Regular Plan

Gilt Scheme (11 Schemes), 2 Yrs ended 30-Sep-08


Winner of&Best Fund - 5 yrs performance Lipper Awards India 2008

Bond INR General (35 schemes), 5 Yrs ended 31-Dec-07

Birla Sun Life Gilt Plus - Regular - GrowthNote:Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI

40

J a n u a r y 2 0 0 9

Birla Sun Life Government Securities Fund



High

Mid

Low

Credit Quality

High Med

Fund Details

Fund Manager :Managing Fund Since : September 12, 2007Total Experience : 6 yearsDate of inception : October 28, 1999Nature of the scheme : An open-ended Gilt scheme

Default option : GrowthFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : Available Plan (SIP)Systematic Withdrawal : Available Plan (SWP)Systematic Transfer : AvailablePlan (STP) Actual Recurring expenses :for the previous financial year ended March 31, 2008 (%) of NAVLong Term plan : 1.50%Short Term plan : 0.75%

Long Term PlanGrowth : 21.8328Dividend : 10.7170(Payout & Reinvestment)Short Term Plan - Retail Growth : 17.5037Dividend : 10.2317(Payout & Reinvestment)Daily Dividend : 10.0031(Reinvestment)Weekly Dividend : 10.0051(Reinvestment)Short Term Plan - Institutional Daily Dividend : 10.0039(Reinvestment)Dividend : 10.0247(Payout & Reinvestment)

BenchmarkShort Term : I-Sec SI-BEXLong Term : I-Sec LI-BEXAverage AUMLong Term plan : Rs. 4.35 CroresShort Term plan : Rs. 76.71 Crores

Entry Load : NilExit Load : Nil

Average Maturity Long Term plan : 0 yearsShort Term plan : 0 yearsYield to Maturity (for Debt Component)Long Term plan : 4.35 %Short Term plan : 4.35 %Standard Deviation Long Term plan : 6.09%Short Term plan : 2.12%

Maneesh Dangi

Key Features



Other Parameter


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.


% R

etu

rns

Birla Sun Life G-Sec Fund - LTP - Growth I-Sec Li-BEX


Investment Performance - Long Term plan Rating Profile - Long Term plan


Investment Performance - Short Term Plan Rating Profile - Short Term Plan







Portfolio & Asset Allocation - Long Term Plan Portfolio & Asset Allocation - Short Term Plan

5.64 4.813.41

8.87

29.14

13.58

8.94

0

5

10

15

20

25

30

35


% R

etu

rns

Birla Sun Life G-Sec Fund - STP - Growth I-Sec Si-BEX

5.075.82

3.95

6.29

14.13

9.30

7.29

0

2

4

6

8

10

12

14

16





41


J a n u a r y 2 0 0 9Birla Sun Life Dynamic Bond Fund



High

Mid

Low

Credit Quality

High Med

Fund Details

Fund Manager :Managing Fund Since : September 12, 2007Total Experience : 6 yearsDate of inception : September 27, 2004Nature of the scheme : An open-ended Income scheme

Default option : Quarterly Dividend ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : Available Plan (SIP)Systematic Withdrawal : Available Plan (SWP)Systematic Transfer : AvailablePlan (STP) Actual Recurring expenses : 0.15%for the previous financial year ended March 31, 2008 (%) of NAV

Retail Growth : 14.1642

Retail Quarterly Dividend : 11.1759 (Payout / Reinvestment)

Retail Monthly Dividend : 10.3325 (Payout / Reinvestment)

Retail Monthly Dividendsweep option available w.e.f. Jan 12, 2009



Entry Load : Nil

Exit Load** : For Units redeemed/ switched out within 60 days from the date of allotment - an exit load of 0.50% of applicable NAV.**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.





Modified Duration : 3 years


Mr. Maneesh Dangi

Key Features



Other Parameter


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


% R

etu

rns

Birla Sun Life DBF - Retail - Growth Crisil Composite Bond Fund Index




PSU/PFI Bonds/Banks 37.35%Rural Electrification Corporation Ltd. 9.75% AAA

Indian Railway Finance Corporation Ltd. ** 7.76% AAA

Power Finance Corporation Ltd. 7.69% AAA

IDBI Bank Ltd. ** 4.21% AA+

Export-Import Bank of India. ** 3.79% AAA

National Housing Bank. ** 2.51% AAA

National Bank for Agricultural & Rural Development. **0.83% AAA

National Hydroelectric Power Corporation Ltd. ** 0.80% AA+

Money Market Instruments 22.23%Allahabad Bank 6.66% A1+

State Bank of Patiala 5.19% P1+

State Bank of Hyderabad 5.19% A1+

Punjab National Bank 5.19% PR1+

Corporate Debt 21.21%Reliance Industries Ltd. 11.48% AAA

Housing Development Finance Corporation Ltd. ** 6.29% AAA

LIC Housing Finance Ltd. ** 3.43% AAA

Cash & Current Assets 19.21%

Total Net Asset 100.00%




Birla Sun Life Dynamic Bond FundDebt: Medium Term (54 Schemes), 18 months & 3 Yrs ended 31-Dec-08


42

14.92

9.97

8.519.03

6.625.85

0

2

4

6

8

10

12

14

16

1 Year 3 Years Since Inception

75.77%

5.01%

19.21%

AAA

AA



India Advantage Fund Ltd.(For Non-Resident Indians and Eligible Foreign Nationals)




Large

Mid

Small

Investment Style

Morningstar Rating™iii

J a n u a r y 2 0 0 9

Ranked 11th among Top Performing &Equity Funds in the world by Lipper

India Advantage FundEquity Funds (6302 funds), 10 yrs ended 31 Dec 07

“Channel Islands Stock Exchange (CISX)”

Also listed on

INDADVC MPBloomberg Ticker Code:

(Past performance is no guarantee of future results.) for ranking methodology please refer page 51 43

An open-ended growth scheme with the objective of long-term appreciation through investment primarily in equity related securities of companies in India that are run by efficient management, have a sustainable and robust business model and are available at reasonable valuations.


Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.The returns for BSE Sensex are in Indian Rupees while the returns for IAF & MSCI (India) are in US Dollars.

India Advantage Fund BSE Sensex MSCI (India)

% R

etu

rns

-62.12

-5.31

11.38

19.92

-52.45

0.88

10.5512.17

-65.07

-3.77

7.0211.25

-70

-60

-50

-40

-30

-20

-10

0

10

20

30

1 Year

3 Years

5 Years 10 Years

Investment Performance CAGR Returns (%) Asset Allocation

0.24

2.31

3.52

3.60

3.62

4.35

4.66

4.85

5.24

6.12

6.20

7.63

8.09

8.43

9.25

9.77

12.09

Corporate Debt

Future and Options

Diversified


Ferrous Metals

Power

PSU/PFI Bonds/Banks

Finance

Pharmaceuticals

Other Equity

Oil

Consumer Non Durables

Industrial Capital Goods

Petroleum Products

Software

Telecom-Services

Banks

Portfolio

Bharti Airtel Ltd. Telecom-Services 7.59%

Reliance Industries Petroleum Products 7.59%

Oil And Natural Gas Oil 5.67%

Itc Limited Consumer Non Durables 5.29%

Infosys Technologies Software 5.20%

Hdfc Limited Banks 4.89%

Bhel Industrial Capital Goods 4.35%

Icici Bank Ltd. Banks 3.75%

Hindustan Unilever Diversified 3.55%

Dr Reddys Lab Pharmaceuticals 2.50%

Ntpc Power 2.49%

Axis Bank Ltd. Banks 2.48%

Tata Iron & Steel Co Ferrous Metals 2.46%

Hdfc Bank Ltd Banks 2.46%

Nestle India Consumer Non Durables 2.39%

Tcs Ltd. Software 2.32%

Reliance Comm. Ltd. Telecom-Services 2.25%

Sun Pharmaceuticals Pharmaceuticals 2.20%

Bharat Electronicsltd. Industrial Capital Goods 2.10%

Cesc Ltd. Power 1.89%

Bank Of India Ltd. Banks 1.86%

United Phosphorus Pesticides 1.64%

Oriental Bank Ofcommerce Banks 1.62%

Satyam Computers Software 1.53%

Engineers (India) Industrial Capital Goods 1.37%

Larsen & Toubro Construction Projects 1.32%

Great Eastern New Transportation 1.30%

Maharashtra Seamless Ferrous Metals 0.95%

Chambal Fertilizers & Chemicals Ltd. Fertilisers 0.83%

Gujarat Nre Coke Mining 0.65%

Cipla Ltd Pharmaceuticals 0.58%

Great Offshore Ltd Oil 0.58%

Bharat Petroleum Petroleum Products 0.52%

Solar Explosives Ltd Chemicals 0.43%

Hindustan Petroleum Petroleum Products 0.38%

Bharti Shipyard Industrial Capital Goods 0.33%

Subex Ltd. Software 0.27%

Welspun Gujarat Stah Ferrous Metals 0.23%

CALL & CALL EQUIVALENTS :

ICICI BANK LTD. - FDMAT 16 DEC 08 Money Market Instruments 0.83

CBLO 01-Jan-2009 Money Market Instruments 4.45

DEEP DISCOUNT BONDS

NABARD 01-Jan-2009 Money Market Instrument 4.69

FUTURES & OPTIONS

Nifty Jan 2009 Money Market Instrument -0.03

NON-CONVERTIBLE DEBS

2.00 Trent 7JULY102.00 Trent Ltd. Non-Convertible Debs 0.25

TOTAL 99.39

OTHER NET ASSETS (SUB FUND) Cash & Cash Equivalents 0.69

OTHER NET ASSETS (MAIN FUND) -0.08

Net Assets 100.00

Investment via sub-fund, India Advantage (Offshore) Fund, are stated at market/fair value at the date of determination. Securities listed on a recognised stock exchange are valued at the last quoted closing price on the principal exchange on which the security istraded Non-traded securities are valued at amortised cost and/or fair value as determined in good faith by Birla Sun Life Asset Management Company Limited, India, Conversion Rate: 1 USD = INR 48.45

Fund Details

Fund Manager : Mr. Ajay Argal Date of inception : August 8, 1996Nature of the scheme : An open - ended Growth Scheme

NAV $ per Class C Share : 106.71Benchmark : BSE Sensex and MSCI (India)Average AUM : USD 74.76 Million

Conversion Rate 1 USD : INR 48.45Bloomberg Ticker Code : INDADVC MP

Options & NAV

Other Parameter

Name of the Security Sector Percentageof Portfolio

Name of the Security Sector Percentageof Portfolio

Dividend History(For select Schemes)J a n u a r y 2 0 0 9

# EQUITY SCHEMES Declared Dividend Dividend Face value Cum Dividend NAV on date (%) (Rs. per unit) (Rs.) (Rs. per unit)

EQUITY SCHEMES

Birla Advantage Fund 22-Mar-00 80 8.00 10.00 70.3728-Nov-03 30 3.00 10.00 44.8823-Jan-04 20 2.00 10.00 47.3312-Mar-04 25 2.50 10.00 46.1023-Mar-05 50 5.00 10.00 54.2516-Dec-05 50 5.00 10.00 65.8925-Apr-08 50 5.00 10.00 100.44

325 32.5

Birla Sun Life Dividend Yield Plus 30-May-03 8 0.80 10.00 11.8413-Jun-03 5 0.50 10.00 10.8824-Jul-03 12 1.20 10.00 11.6219-Sept-03 18 1.80 10.00 12.0931-Oct-03 10 1.00 10.00 11.8726-Dec-03 15 1.50 10.00 13.9313-Feb-04 10 1.00 10.00 12.5828-Sep-04 8 0.80 10.00 11.5724-Dec-04 14 1.40 10.00 13.7511-Mar-05 10 1.00 10.00 12.851-July-05 8 0.80 10.00 11.2628-Oct-05 8 0.80 10.00 11.9413-Jan-06 16 1.60 10.00 11.8927-April-06 10 1.00 10.00 13.0710-Oct-06 8 0.80 10.00 11.6730-April-07 8 0.80 10.00 11.201-Nov-07 10 1.00 10.00 12.77

178 17.80

Birla Sun Life Tax Plan 15-Feb-02 10 1.00 10.00 12.4517-Oct-03 15 1.50 10.00 24.8926-Mar-04 15 1.50 10.00 26.9021-Oct-05 40 4.00 10.00 42.1016-Dec-05 40 4.00 10.00 46.5017-Feb-06 40 4.00 10.00 44.5428-Mar-08 60 6.00 10.00 64.23

245 24.50

Birla Sun Life Index Fund 17-Oct-03 56 5.60 10.00 16.1903-Feb-04 16.5 1.65 10.00 11.9923-Mar-07 65 6.50 10.00 21.83

137.5 13.75

Birla Sun Life India GenNext Fund 25-Apr-08 10 1.00 10.00 16.14

Birla Sun Life India Opportunities Fund 04-Feb-00 25 2.50 10.00 28.9714-Jan-03 10 1.00 10.00 12.1627-Feb-04 60 6.00 10.00 18.6926-Oct-04 12.5 1.25 10.00 14.1716-Sep-05 40 4.00 10.00 14.90

147.5 14.75

Birla Sun Life Midcap Fund 19-Jun-03 10 1.00 10.00 11.8322-Jul-03 10 1.00 10.00 11.8124-Dec-03 60 6.00 10.00 18.358-Oct-04 12.5 1.25 10.00 13.7228-Jan-05 10 1.00 10.00 14.753-Feb-06 20 2.00 10.00 22.5922-Dec-06 35 3.50 10.00 25.9428-Dec-07 60 6.00 10.00 40.50 27-Jun-08 20 2.00 10.00 20.85

242.5 24.25

Birla Sun Life MNC Fund 5-Feb-00 25 2.50 10.00 0.0022-Feb-02 40 4.00 10.00 27.1629-Aug-03 50 5.00 10.00 30.5818-Jan-05 50 5.00 10.00 42.8026-Aug-05 75 7.50 10.00 41.05

240 24.00

Birla Sun Life Basic Industries Fund 31-Mar-04 25 2.50 10.00 25.7007-Oct-04 20 2.00 10.00 25.0224-Mar-06 100 10.00 10.00 35.0819-Jan-07 105 10.50 10.00 39.60 25-Apr-08 20 2.00 10.00 36.36

295 29.50

Birla Sun Life Buy India Fund 28-Mar-06 75 7.50 10.00 17.54

Birla Sun Life Equity Fund 30-Sept-99 30 3.00 10.00 25.8628-Mar-00 50 5.00 10.00 51.0829-Sept-00 25 2.50 10.00 28.6520-Mar-01 10 1.00 10.00 18.9728-Sept-01 10 1.00 10.00 12.7920-Mar-02 10 1.00 10.00 17.1321-Oct-02 5 0.50 10.00 14.0724-Mar-03 5 0.50 10.00 14.3730-Sept-03 10 1.00 10.00 22.9608-Mar-04 30 3.00 10.00 30.9120-Oct-04 10 1.00 10.00 30.0210-Feb-06 50 5.00 10.00 58.9423-Mar-07 100 10.00 10.00 74.4531-Aug-07 100 10.00 10.00 79.98

445 44.50

Birla Sun Life Frontline Equity Fund 31-Mar-04 20 2.00 10.00 18.4814-Oct-04 10 1.00 10.00 16.8027-Feb-06 80 8.00 10.00 28.8828-Aug-06 60 6.00 10.00 23.5629-Jun-07 40 4.00 10.00 23.8608-Aug-08 20 2.00 10.00 20.48

230 23.00

Birla Sun Life New Millennium Fund 27-Jun-08 10 1.00 10.00 14.43

Birla Sun Life Tax Relief ‘96 27-Apr-06 500 50.00 10.00 224.518-Dec-06 250 25.00 10.00 193.9419-Jan-07 260 26.00 10.00 176.5416-Mar-07 500 50.00 10.00 134.27 25-Mar-08 200 20.00 10.00 106.74 27-Jun-08 50 5.00 10.00 71.86

2160 216.00

Birla Sun Life Top 100 Fund 30-May-08 15 1.50 10.00 15.894

Sun Life Total dividend declared

since inception (Feb 24, 1995) = 325%

Total dividend declared



since inception (Aug 27, 1998) = 445%


since inception (Dec 27, 1999) = 147.50%


since inception (Dec 27, 1999) = 240%


since inception (Oct 3, 2002) = 242.50%



Total dividend declared since inception (Sept 18, 2002) = 137.5%


since inception (Aug 30, 2002) = 240%


since inception (Jan 15, 2000) = 295%


since inception (Mar 29, 1996) = 2160%

After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.44


HYBRID & MONTHLY INCOME SCHEMES

# DEBT SCHEMES Date Face Value Dividend Dividend Cum Dividend NAV

(%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit)

#Dividend Dividend

Non Corporate Corporate

Birla Sun Life Balance 17-Oct-03 10.00 15 1.50 - - 13.3220-Jan-06 10.00 50 5.00 - - 15.13

65 6.50

Birla Sun Life MIP (Monthly Dividend Plan) 27-July-07 10.00 1.120 0.1120 1.043 0.104311.540331-Aug-07 10.00 0.958 0.0958 0.892 0.0892 11.406328-Sep-07 10.00 1.139 0.1139 1.060 0.1060 11.583326-Oct-07 10.00 1.196 0.1196 1.113 0.1113 11.684430-Nov-07 10.00 1.455 0.1455 1.354 0.1354 11.552628-Dec-07 10.00 1.147 0.1147 1.068 0.1068 11.6693 25-Jan-08 10.00 1.204 0.1204 1.120 0.1120 11.3399 29-Feb-08 10.00 0.847 0.0847 0.788 0.0788 10.9853 28-Mar-08 10.00 0.682 0.0682 0.635 0.0635 10.6837 25-Apr-08 10.00 0.641 0.0641 0.597 0.0597 10.6054

30-May-08 10.00 0.796 0.0796 0.741 0.0741 10.4906 27-Jun-08 10.00 0.123 0.0123 0.114 0.0114 10.0146 29-Aug-08 10.00 0.228 0.0228 0.212 0.0212 10.0638

Birla Sun Life MIP II - Savings 5 Plan 29-Feb-08 10.00 0.620 0.0620 0.577 0.0577 10.1916 27-Mar-08 10.00 0.520 0.0520 0.484 0.0484 10.1802 25-Apr-08 10.00 0.529 0.0529 0.492 0.0492 10.1977

30-May-08 10.00 0.836 0.0836 0.778 0.0778 10.2327 25-Jun-08 10.00 0.546 0.0546 0.508 0.0508 10.1996 25-Jul-08 10.00 0.521 0.0521 0.485 0.0485 10.2026

13-Aug-08 10.00 0.402 0.0402 0.374 0.0374 10.1890 28-Aug-08 10.00 0.140 0.0140 0.130 0.0130 10.6778 29-Sep-08 10.00 0.802 0.0802 0.747 0.0747 10.7534 17-Oct-08 10.00 0.140 0.0140 0.130 0.0130 10.6947 27-Oct-08 10.00 0.526 0.0526 0.489 0.0489 10.7336 12-Nov-08 10.00 0.657 0.0657 0.611 0.0611 10.7369 26-Dec-08 10.00 1.051 0.1051 0.978 0.0978 11.6828

Birla Sun Life MIP II - Wealth 25 Plan 25-May-07 10.00 0.629 0.0629 0.585 0.0585 11.0915(Monthly Dividend Plan) 29-Jun-07 10.00 0.756 0.0756 0.704 0.0704 11.2535

27-July-07 10.00 1.126 0.1126 1.048 0.1048 11.565831-Aug-07 10.00 0.962 0.0962 0.895 0.0895 11.349328-Sep-07 10.00 1.133 0.1133 1.054 0.1054 11.554326-Oct-07 10.00 1.193 0.1193 1.110 0.1110 11.624130-Nov-07 10.00 1.446 0.1446 1.346 0.1346 11.525528-Dec-07 10.00 1.145 0.1145 1.066 0.1066 11.7620 25-Jan-08 10.00 1.214 0.1214 1.130 0.1130 11.2126 29-Feb-08 10.00 0.837 0.0837 0.779 0.0779 10.7279 28-Mar-08 10.00 0.666 0.0666 0.620 0.0620 10.3049 25-Apr-08 10.00 0.620 0.0620 0.577 0.0577 10.3476

30-May-08 10.00 0.777 0.0777 0.723 0.0723 10.2064

Birla Sun Life '95 Fund 30-Jun-99 10.00 20 2.00 - - 26.7828-Mar-00 10.00 50 5.00 - - 64.4413-Oct-00 10.00 30 3.00 - - 39.8509-Mar-01 10.00 20 2.00 - - 33.5015-Oct-01 10.00 20 2.00 - - 25.7026-Mar-02 10.00 20 2.00 - - 29.9930-Oct-02 10.00 10 1.00 - - 26.0128-Mar-03 10.00 10 1.00 - - 27.0010-Oct-03 10.00 10 1.00 - - 38.5922-Mar-04 10.00 30 3.00 - - 42.3125-Oct-04 10.00 20 2.00 - - 43.0210-Mar-06 10.00 25 2.50 - - 68.53 30-May-08 10.00 50 5.00 - - 97.61

325 32.50

Birla Sun Life Monthly Income - 31-May-07 10.00 0.673 0.0673 0.626 0.0626 10.8253 29-Jun-07 10.00 0.622 0.0622 0.579 0.0579 10.848031-July-07 10.00 1.152 0.1152 1.072 0.1072 11.156231-Aug-07 10.00 0.744 0.0744 0.692 0.0692 11.017728-Sep-07 10.00 1.345 0.1345 1.251 0.1251 11.182031-Oct-07 10.00 1.632 0.1632 1.519 0.1519 11.265730-Nov-07 10.00 1.401 0.1401 1.304 0.1304 11.099531-Dec-07 10.00 1.221 0.1221 1.136 0.1136 11.3372 31-Jan-08 10.00 0.750 0.0750 0.698 0.0698 10.8881 29-Feb-08 10.00 0.677 0.0677 0.630 0.0630 10.7070 31-Mar-08 10.00 0.712 0.0712 0.663 0.0663 10.3796 30-Apr-08 10.00 0.668 0.0668 0.622 0.0622 10.4731

30-May-08 10.00 0.786 0.0786 0.731 0.0731 10.3396

Birla Sun Life Monthly Income - 02-July-07 10.00 2.375 0.2375 2.210 0.2210 11.537828-Sep-07 10.00 2.856 0.2856 2.658 0.2658 11.831031-Dec-07 10.00 2.856 0.2856 2.658 0.2658 12.2011 31-Mar-08 10.00 2.593 0.2593 2.413 0.2413 11.1765 30-Jun-08 10.00 1.901 0.1901 1.769 0.1769 10.6399 30-Sep-08 10.00 1.380 0.1380 1.284 0.1284 10.4584 31-Dec-08 10.00 2.256 0.2256 2.100 0.2100 10.8938

After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.



Total dividend declared since inception (Oct 12, 1999) = 65%

Monthly Dividend

(Monthly Dividend Plan)

Quarterly Dividend

45


DEBT SCHEMES

Birla Sun Life Short Term 15-Jun-07 10.00 1.656 0.1656 1.541 0.1541 10.2706Opportunities Fund 17-Sep-07 10.00 1.706 0.1706 1.588 0.1588 10.2479

17-Dec-07 10.00 1.875 0.1875 1.745 0.1745 10.2193 17-Mar-08 10.00 1.162 0.1162 1.082 0.1082 10.1370 16-Jun-08 10.00 1.162 0.1162 1.082 0.1082 10.1379 15-Sep-08 10.00 1.201 0.1201 1.118 0.1180 10.1943 15-Dec-08 10.00 1.098 0.1098 1.022 0.1022 10.2182

Birla Sun Life Dynamic Bond Fund - Retail 02-Jul-08 10.00 0.682 0.0682 0.635 0.0635 10.6122 29-Aug-08 10.00 1.330 0.1330 1.238 0.1238 10.7048 29-Sep-08 10.00 0.701 0.0701 0.652 0.0652 10.6474 22-Oct-08 10.00 0.569 0.0569 0.530 0.0530 10.6239 31-Dec-08 10.00 1.664 0.1664 1.549 0.1549 11.1759

Birla Sun Life Gilt Plus - Liquid Plan - 17-Sep-07 10.00 1.804 0.1804 1.679 0.1679 10.703217-Dec-07 10.00 1.602 0.1602 1.491 0.1491 10.6626 17-Mar-08 10.00 1.602 0.1602 1.491 0.1491 10.6857 16-Jun-08 10.00 1.375 0.1375 1.280 0.1280 10.6466 15-Sep-08 10.00 1.375 0.1375 1.280 0.1280 10.7122 22-Oct-08 10.00 0.061 0.0061 0.057 0.0057 10.4045 15-Dec-08 10.00 1.384 0.1384 1.288 0.1288 10.5148

Birla Sun Life Gilt Plus - PF Plan 15-Jun-07 10.00 1.677 0.1677 1.561 0.1561 10.305917-Sep-07 10.00 1.859 0.1859 1.730 0.1730 10.593017-Dec-07 10.00 1.817 0.1817 1.691 0.1691 10.6516 17-Mar-08 10.00 2.053 0.2053 1.911 0.1911 10.7912 16-Jun-08 10.00 1.382 0.1382 1.286 0.1286 10.3315 15-Sep-08 10.00 1.332 0.1332 1.240 0.1240 10.3951 15-Dec-08 10.00 2.013 0.2013 1.873 0.1873 11.2919

Birla Sun Life Gilt Plus - Regular Plan 15-Jun-07 10.00 1.990 0.1990 1.852 0.1852 10.907717-Sep-07 10.00 2.339 0.2339 2.177 0.2177 11.376217-Dec-07 10.00 2.180 0.2180 2.029 0.2029 11.4187 17-Mar-08 10.00 2.196 0.2196 2.044 0.2044 11.6530 16-Jun-08 10.00 1.495 0.1495 1.392 0.1392 11.2748 15-Sep-08 10.00 1.454 0.1454 1.353 0.1353 11.6963 15-Dec-08 10.00 2.267 0.2267 2.110 0.2110 12.9233

Birla Sun Life Income Plus 15-Dec-06 10.00 1.537 0.1537 1.431 0.1431 10.3281(Monthly Dividend) 15-Mar-07 10.00 0.930 0.0930 0.866 0.0866 10.1064

15-Jun-07 10.00 1.529 0.1529 1.423 0.1423 10.221817-Sep-07 10.00 1.813 0.1813 1.688 0.1688 10.570417-Dec-07 10.00 2.031 0.2031 1.890 0.1890 10.7758 17-Mar-08 10.00 2.304 0.2304 2.144 0.2144 10.9445 16-Jun-08 10.00 1.634 0.1634 1.520 0.1520 10.6083

Birla Sun Life Govt. Securities - 15-Mar-07 10.00 3.113 0.3113 2.899 0.2899 10.4817Long Term Dividend 17-Sep-07 10.00 3.162 0.3162 2.943 0.2943 10.3774

17-Mar-08 10.00 0.480 0.0480 0.447 0.0447 10.0548

Birla Sun Life Govt. Securities - 15-Jun-07 10.00 1.352 0.1352 1.258 0.1258 10.176817-Sep-07 10.00 1.607 0.1607 1.496 0.1496 10.311017-Dec-07 10.00 1.546 0.1546 1.439 0.1439 10.2972 17-Mar-08 10.00 0.588 0.0588 0.547 0.0547 10.0734 16-Jun-08 10.00 0.876 0.0876 0.815 0.0815 10.1315 15-Sep-08 10.00 1.095 0.1095 1.109 0.1109 10.2966 15-Dec-08 10.00 1.111 0.1111 1.034 0.1034 10.3417

Birla Sun Life Income Fund- 15-Mar-07 10.00 3.191 0.3191 2.971 0.2971 10.8886Half Yearly Dividend 17-Sep-07 10.00 3.758 0.3758 3.497 0.3497 11.2454

17-Mar-08 10.00 4.752 0.4752 4.423 0.4423 11.6359

Birla Sun Life Income Fund - 15-Jun-07 10.00 1.776 0.1776 1.653 0.1653 10.263217-Sep-07 10.00 1.971 0.1971 1.834 0.1834 10.653417-Dec-07 10.00 2.047 0.2047 1.905 0.1905 10.8291 17-Mar-08 10.00 2.314 0.2314 2.154 0.2154 10.9767 16-Jun-08 10.00 1.637 0.1637 1.524 0.1524 10.7403 15-Sep-08 10.00 1.613 0.1613 1.501 0.1501 10.9178 15-Dec-08 10.00 2.110 0.2110 1.964 0.1964 11.7458

Birla Sun Life Liquid Plus - 31-Oct-08 10.00 0.744 0.0744 0.692 0.0692 10.1831 28-Nov-08 10.00 0.554 0.0544 0.515 0.0515 10.1724 26-Dec-08 10.00 0.527 0.0527 0.491 0.0491 10.1794

Birla Sun Life Liquid Plus - 31-Oct-08 10.00 0.703 0.0703 0.654 0.0654 10.1697 28-Nov-08 10.00 0.534 0.0534 0.497 0.0497 10.1611 26-Dec-08 10.00 0.506 0.0506 0.471 0.0471 10.1675

Birla Sun Life Short Term Fund - 31-Oct-08 10.00 0.756 0.0756 0.704 0.0704 10.6740 28-Nov-08 10.00 0.568 0.0568 0.528 0.0528 10.6633 26-Dec-08 10.00 0.493 0.0493 0.459 0.0459 10.6652

Non Corporate Corporate

# DEBT SCHEMES Date Face Value Dividend Dividend Cum Dividend NAV (%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit)

#Dividend Dividend

After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.

Institutional Monthly Dividend

Monthly Dividend

Retail Monthly Dividend

Quarterly Dividend

Quarterly Dividend

(Quarterly Dividend)

(Quarterly Dividend)

Short Term Dividend

46

AddendumsJ a n u a r y 2 0 0 9

Addendum to Offer Document(s)/Scheme Information Documents(s)/ Key Information Memorandum cum Application Form(s) of the schemes of Birla Sun Life Mutual Fund

Investors / Unitholders are advised to take note of the following changes made to the list of Official Point of Acceptance for Birla Sun Life Mutual Fund.

Change in Address of Existing Official Points of Acceptance for Transactions in all the Schemes of Birla Sun Life Mutual Fund with effect from October 06, 2008:

Branch Office - Birla Sun Life Asset Management Company Limited:

This Addendum forms an integral part of the Offer Document(s) / Scheme Information Document(s) / Key Information Memorandum cum Application Form(s) of the Schemes of Birla Sun Life Mutual Fund read with the addenda issued there under.Date:October 01, 2008

State

Goa

Gujarat

Old Address

3-G, Sesa Ghor, Patto Plaza, Panaji, Goa-403001

505,Abhijeet 5th Floor,Mithakali Six Road, Navrang Pura, Ahemdabad-380009

New Address

507 & 508, Kamat Tower, Patto Plaza, Panaji, Goa - 403001

2nd Floor - Shivalik Point, Opp. Abhijeet -1, Near Mithakali Six Roads, Navrangpura, Ahmedabad - 380009

NOTICE

Addendum to the Offer Document of Birla Sun Life Equity Fund, Birla Sun Life Index Fund, Birla Sun Life Midcap Fund, Birla Sun Life New Millennium, Birla Sun Life Frontline Equity Fund, Birla Sun Life Tax Relief 96*, Birla Sun Life Top 100 Fund, Birla Sun Life Buy India Fund, Birla Sun Life Infrastructure Fund, Birla Sun Life MNC Fund, Birla Sun Life Basic Industries Fund, Birla Sun Life India Opportunities Fund, Birla Sun Life India GenNext Fund, Birla Sun Life Dividend Yield Plus, Birla Sun Life Advantage Fund, Birla Sun Life International Equity Fund, Birla Sun Life Special Situations Fund and Birla Sun Life Tax Plan*.

Birla Sun Life Asset Management Limited has now decided to re-introduce with effect from Monday, October 06, 2008, Birla Sun Life Century SIP facility (CSIP) and the Monthly Systematic Transfer Plan (STP) for availing CSIP, as an add-on, optional feature offered for the above Designated Schemes. The terms and conditions of CSIP and STP will remain same as per Addendum Dated May 28, 2008 and June 17, 2008 respectively. The CSIP facility can also be availed by NRI investors as per conditions stated in the addendum dated August 22, 2008.

All the other terms and conditions of the respective offer documents will remain unchanged including for the regular SIP and STP facilities. This Addendum forms an integral part of the Offer Document(s) / Key Information Memorandum cum Application Form(s) of the Schemes of Birla Sun Life Mutual Fund read with the addenda issued there under.

* An open ended Equity Linked Savings Scheme with a lock-in of 3 years from the date of allotment.Date:October 03, 2008

Notice for Introduction of New Option

Birla Sun Life Asset Management Company Limited has decided to carry out following changes to the Offer Document of Birla Sun Life Short Term Fund (BSLSTF), an Open-ended Short Term Income Scheme with effect from October 10, 2008.

Introduction of new Option in the Retail Plan:Daily Dividend Option with Reinvestment facility is being introduced under the Retail Plan of Birla Sun Life Short Term Fund w.e.f October 10, 2008. The units will be available for purchase to investors at Rs. 10/- and at NAV based price, thereafter.

The Daily Dividend Option introduced under the Retail Plan of Birla Sun Life Short Term Fund will have the same investment objective, portfolio, liquidity, minimum application amount, applicable load structure and expense ratio as that of existing options under the Retail Plan of the scheme. Since, the option is within an existing portfolio, the Fund does not have any target for minimum subscription amount.

All other features and terms and conditions of the scheme shall remain unchanged. This addendum forms an integral part of the Offer Document of the schemes read together with the addenda.

Date:October 08, 2008

Notice for Introduction of New Options

Birla Sun Life Asset Management Company Limited has decided to carry out following changes to the Offer Document of Birla Sun Life Government Securities Fund – Short Term Plan (“the Scheme”), an Open-ended Gilt Scheme with effect from October 15, 2008.

Introduction of new Options under the Dividend Option of Scheme :

The Options introduced under the Scheme will have the same investment objective, portfolio, liquidity, minimum application amount, applicable load structure and expense ratio as that of existing options. Since, the option is within an existing portfolio, the scheme does not have any target for minimum subscription amount.

All other features, options and terms and conditions of the scheme shall remain unchanged. This addendum forms an integral part of the Offer Document of the schemes read together with the addenda.Date:October 08, 2008

^ on the next Business Day, if the Friday is not a Business Day.

Options/Facility

Dividend Frequency / Record Date

Offer Price

Dividend Policy

Daily Dividend Option (Reinvestment Facility) & Weekly Dividend Option (Reinvestment Facility)

Units of Rs. 10/- each at par and at applicable NAV based prices thereafter.

Dividend will be declared subject to availability of distributable surplus and at the discretion of the Trustee.

Option

Daily Dividend

Weekly Dividend

Daily

Friday^ of each week



Addition of new Official Points of Acceptance for Transactions in all the Schemes of Birla Sun Life Mutual Fund


This Addendum forms an integral part of the Offer Document(s) / Scheme Information Document(s) / Key Information Memorandum cum Application Form(s) of the Schemes of Birla Sun Life Mutual Fund read with the addenda issued there under.Date:October 15, 2008

State

Haryana

Address

N K Towers, Office No.1, 2nd floor, G.T Road, Panipat - 132 103

With Effect From

October 16, 2008

NOTICE

NOTICE IS HEREBY GIVEN THAT the load structure in respect of Systematic Investment Plan (SIP) & Systematic Transfer Plan (STP) transactions for the following Schemes of Birla Sun Life Mutual Fund is being revised with effect from October 20, 2008:

SIP & STP Transactions for Birla Sun Life Equity Fund, Birla Sun Life Infrastructure Fund, Birla Sun Life 95 Fund and Birla Sun Life Special Situations Fund.

*(An equity linked savings scheme (ELSS) with a lock-in of 3 years from date of allotment)

The revised load structure will be applicable to all investments made on or after October 20, 2008. The AMC reserves the right to increase / decrease / introduce a Load at any time in future on a prospective basis. However, such increase / decrease / introduction would be subject to the limits prescribed under the regulations.

All other features and terms and conditions of the scheme shall remain unchanged.

This addendum forms an integral part of the Offer Document(s) & Key Information Memorandum issued for all the above mentioned Scheme(s) read with the addenda.

Date:October 17, 2008

SIP & STP Transactions for Birla Sun Life Tax Plan*

Type of Load Existing Revised (w.e.f. October 20, 2008)

Entry Load Nil For Purchase / Switch-in of units less than Rs. 5 crores in value: 2.25%. For Purchase / Switch-in of units equal to or greater than Rs. 5 crores in value: Nil.

Exit Load For units redeemed / switched out within 24 months from the date of allotment, an

exit load of 2.25% is payable.

For Units less than Rs. 5 crores in value an exit load of 1.00% is payable if units are redeemed / switched out within 12 months from the date of allotment. For Units equal to or greater than Rs. 5 crores in value no exit load is payable.

Type of Load Existing Revised (w.e.f. October 20, 2008)

Entry Load Nil For Purchase / Switch-in of units less than Rs. 5 crores in value: 2.25%. For Purchase / Switch-in of units equal to or greater than Rs. 5 crores in value: Nil.

Exit Load Nil No Change

Addendum to Offer Document(s)/ Scheme Information Document/ Key Information Memorandum cum Application Form(s) of the schemes of Birla Sun Life Mutual Fund


Addition of new Official Points of Acceptance for Transactions in all the Schemes of Birla Sun Life Mutual FundBranch Office - Birla Sun Life Asset Management Company Limited:

This Addendum forms an integral part of the Offer Document(s) / Scheme Information Document/ Key Information Memorandum cum Application Form(s) of the Schemes of Birla Sun Life Mutual Fund read with the addenda issued there under.Date:October 18, 2008

State Address With Effect From

Gujarat

Gujarat

Gujarat

Gujarat

Karnataka

Karnataka

Kerala

Maharashtra

Maharashtra

Tamil Nadu

West Bengal

306-307, Triveni Arcade, V V Nagar Road , Anand 388001

P No. 4, Rajendra Estate, Ahmedabad-Mehasana Highway, Mehasana-384002

Ground Floor, Shop no G (1 to 3), C, Shri Vallabh Complex, Bhavnagar, Gujarat-364002

145-146 Tirupati Plaza Chala Road, Vapi - 396191

1st Floor, Beside Canara Bank, Oppsite Meenaxi Bhavan, Station Road, Belgaum - 590 001

BS-7, Essel Tower, Bunts Hostel, Mangalore - 575 003

Shop No.110-11, First Floor, Calicut Mall, Stadium Junction, Puthiyara Road, Calicut - 673004

Shop No. A5/1 , Ground floor, Near Millennium Tower, Bhandarkar Institute Road, Deccan Gymkhana, Shivajinagar, Pune 411 004

1st Floor, Katri plaza, Morshi Road, Amravati-444601

116 1st floor, Jayalxmi Complex, Thiruvalluvar Salai, Pondicherry - 605013

2nd Floor, Ganpati Plaza, Sevoke Road, Siliguri - 734 001

October 20, 2008

October 20, 2008

October 20, 2008

October 20, 2008

October 20, 2008

October 20, 2008

October 20, 2008

October 20, 2008

October 20, 2008

October 20, 2008

October 20, 2008

Addendum to the Offer Document of Birla Sun Life Government Securities Fund

Birla Sun Life Asset Management Company Limited has decided to carry out following changes to the Offer Document of Birla Sun Life Government Securities Fund (“the Scheme”) with effect from October 27, 2008.

A. Renaming of the existing Plan of Birla Sun Life Government Securities Fund – Short Term Plan:The existing Dividend Option & Growth Option offered under Birla Sun Life Government Securities Fund – Short Term Plan are renamed / reclassified into Short Term Retail Plan. The Short Term Retail Plan under the Scheme will have following Options.

B. Introduction of New Plan:It is proposed to introduce Institutional Plan in Birla Sun Life Government Securities Fund – Short Term Plan to be called as the Short Term Institutional Plan. The key features of the Short Term Institutional Plan are given below:

The Plan introduced under the Scheme will have the same investment objective, portfolio and liquidity. Since, the Plan is within an existing portfolio, the Fund does not have any target for minimum subscription amount. The AMC shall charge the same Investment Management Fees for both the plans and the total recurring expenses chargeable to the scheme shall be within the limits specified under Regulation 52(6) as mentioned in the offer document

All other features and terms and conditions of the scheme shall remain unchanged.

This addendum forms an integral part of the Offer Document of the scheme read together with the addenda.Date:October 24, 2008

^Default Option: Growth option

Plan

Options^

Offer Price

Application Amount

Load Structure

Short Term Institutional Plan

Daily Dividend Option with Reinvestment Facility, Weekly Dividend Option with Reinvestment Facility, Dividend Option with Reinvestment and Payout Facility and Growth Option

Units of Rs. 10/- each at par on October 27, 2008 and at applicable NAV based prices thereafter.

Purchase (including switch–in) : Rs. 5,00,00,000/- and in multiple of Re 1/-Additional Purchase (including switch–in) : Rs. 1,00,000/- and in multiple of Re 1/-Repurchase : Nil

Entry Load

Exit Load

Nil

Nil

Name of the Plan

Options^

Short Term Retail Plan

Daily Dividend Option with Reinvestment Facility, Weekly Dividend Option with Reinvestment Facility, Dividend Option with Reinvestment and Payout Facility and Growth Option

Addendum to Offer Document(s)/ Scheme Information Document/ Statement of Additional Information / Key Information Memorandum cum Application Form(s) of all Debt/Income schemes of Birla Sun Life Mutual Fund

Notice is hereby given that in accordance with the provisions of the SEBI Circular No.11/142521/08 dated October 24, 2008, provisions in the offer document with respect to the applicable Net Asset Value (NAV) for the Debt/ Income Schemes are being revised with effect from October 30, 2008.

Applicability of NAV for Subscription/purchase for units of

In respect of valid applications for purchase of units in Debt/Income oriented schemes (other than liquid fund schemes and plans) with amount equal to or more than Rs. 1 crore, irrespective of the time of receipt of application, the closing NAV of the day (or immediately following Business Day if that day is not a business day) on which the funds are available for utilization shall be applicable.

All other features and terms and conditions of the schemes shall remain unchanged. This addendum supercedes the addendum dated October 29, 2008.

This addendum forms an integral part of the Offer Document/ Scheme Information Document/ Statement of Additional Information / Key Information Memorandum cum Application Form(s) of the schemes read together with the addenda.Date : October 31,2008.

Birla Sun Life MIP, Birla Sun Life MIP II, Birla Sun Life Monthly Income, Birla Sun Life Income Plus, Birla Sun Life Income Fund, Birla Sun Life Dynamic Bond Fund, Birla Sun Life Short Term Opportunities Fund, Birla Sun Life Liquid Plus, Birla Sun Life Short Term Fund, Birla Sun Life Floating Rate Fund- Long Term Plan, Birla Sun Life Gilt Plus, Birla Sun Life Government Securities Fund, Birla Sun Life Fixed Maturity Plan, Birla Sun Life Interval Income Fund(s), Birla Sun Life Quarterly Interval Fund(s).

Addendum to Statement of Additional Information/Offer Document(s) of all the schemes of Birla Sun Life Mutual Fund

Changes in Key Personnel of Birla Sun Life Asset Management Company Ltd. (BSLAMC) (‘Investment Manager for Birla Sun Life Mutual Fund):

Mr. Sanjay Singal, has been appointed as Head - Marketing of Birla Sun Life Asset Management Company Limited with effect from October 13, 2008 in place of, Mr. Raghvendra Nath who has moved to Aditya Birla Financial Services.

A brief profile of both the Key Personnel is given below:

This Addendum forms an integral part of the Statement of Additional Information/Offer Document(s) of all the schemes of Birla Sun Life Mutual Fund read with the addenda issued thereunder.Date: November 05, 2008

Name Age Educational No. of Years Type and Nature of Past ExperienceQualifications of Experience

Sanjay Singal 38 years B. Sc, MBA 13 years Prior to joining BSLAMC worked with GE Money Financial Services Ltd as Chief Marketing Officer and Head of E Business and Pricing, He as prior worked with Yum Restaurants International Limited as Sr Marketing Manager and Unilever Asia in various capacities including Regional Group Innovation Manager – Dove Skin, Asia (based in Thailand), Sr Brand Manager (Fair & Lovely), Customer & Channel Manager (Personal Products) and National Sales Management.

47


NOTICE

A. Birla Sun Life MIP II-Saving 5Plan^

NOTICE IS HEREBY GIVEN THAT the Trustees of Birla Sun Life Mutual Fund have approved Wednesday, November 12, 2008* the declaration of dividend in the following Scheme as under:

NAV as on November 06, 2008 (Per Unit)

Dividend (%.)Name of the Scheme OptionRe. per unit on face value

of 10/- per unit #

Rs. 10.7297/-Birla Sun Life MIP II-Saving 5Plan^ Dividend 0.75 Rs. 0.075/-

^ Monthly Income is not assured and is subject to the availability of distributable surplus#As reduced by the amount of applicable statutory levy. *or immediately following Business Day if that day is not a Business Day.

All unitholders whose names appear in the Register of Unitholders under the dividend option of the said Scheme as at the close of business hours on the Record Date shall be eligible to receive the dividend so declared. After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any.

B. Birla Sun Life Asset Allocation Fund

NOTICE IS HEREBY GIVEN THAT the load structure of Birla Sun Life Asset Allocation Fund-Conservative Plan, an open ended fund of fund scheme is being revised as under with effect from Tuesday, November 11, 2008:

Existing Revised (w.e.f. November 11, 2008)

1%Entry Load 0.50%

No ChangeExit Load Nil

Type of Load

The revised load structure will be applicable to all investments made on or after November 11, 2008. The AMC reserves the right to increase / decrease / introduce a Load at any time in future on a prospective basis. However, such increase / decrease / introduction would be subject to the limits prescribed under the regulations.

This addendum forms an integral part of the Offer Document issued for the scheme read with the addenda. All other features and terms and conditions of the scheme shall remain unchanged.

C. Birla Sun Life Fixed Maturity Plan-Annual Series 1

NOTICE IS HEREBY GIVEN THAT the Subsequent Specified Redemption Date of Birla Sun Life Fixed Maturity Plan-Annual Series 1 shall be 370 days from the end of Subsequent Specified Subscription Period as per the Offer Document. All references to Subsequent Specified Redemption Date wherever appearing in the Offer Document of the scheme shall be construed accordingly.

Date : November 07, 2008

Addendum to Statement of Additional Information/Offer Document(s) of all the schemes of Birla Sun Life Mutual Fund

Changes in Key Personnel of Birla Sun Life Asset Management Company Ltd. (BSLAMC) (Investment Manager for Birla Sun Life Mutual Fund):Mr. Rahul Parikh, has been appointed as Head – Business Development of Birla Sun Life Asset Management Company Limited. A brief profile of the Key Personnel is given below:

Name AgeEducational

QualificationsNo. of Years

of ExperienceType and Nature of Past Business

Rahul Parikh 32 yearsB.E(Production),

MMS (Marketing)

9 years

Prior to joining BSLAMC, worked with ICICI Prudential AMC in various capacities as Head – Banking and Distribution, Strategy and Business Development, Sr. Manager – Business Development and business support and Manager – Retail Sales and Distribution. He has also worked with Tata Motors and Larsen & Toubro.

This Addendum forms an integral part of the Statement of Additional Information/Offer Document(s) of all the schemes of Birla Sun Life Mutual Fund read with the addenda issued thereunder.Date : November 12, 2008

Addendum to Offer Document/Scheme Information Document of Debt /Income schemes of Birla Sun Life Mutual Fund

Notice is hereby given that it has been decided to include the following text in the offer document/scheme information document (SID) of Birla Sun Life Cash Plus, Birla Sun Life Cash Manager, Birla Sun Life MIP, Birla Sun Life MIP II, Birla Sun Life Monthly Income, Birla Sun Life Income Plus, Birla Sun Life Income Fund, Birla Sun Life Dynamic Bond Fund, Birla Sun Life Short Term Opportunities Fund, Birla Sun Life Liquid Plus, Birla Sun Life Short Term Fund, Birla Sun Life Floating Rate Fund, Birla Sun Life Gilt Plus, Birla Sun Life Government Securities Fund, Birla Sun Life Fixed Maturity Plan, Birla Sun Life Interval Income Fund(s), Birla Sun Life Quarterly Interval Fund(s), Debt / Income schemes of Birla Sun Life Mutual Fund under the heading of investment restriction of the schemes, with immediate effect.

“With respect to credit risk exposure arising out of OTC derivatives and repo transactions, the AMC does an ongoing credit assessment for setting appropriate credit limit and type of exposure the scheme can assume on all counterparties of the scheme. Internal control mechanisms ensure adherence to these limits and type of exposures.”

All other features and terms and conditions of the schemes shall remain unchanged.

This addendum forms an integral part of the Offer Document/ Scheme Information Document/ Key Information Memorandum cum Application Form(s) of the schemes read together with the addenda.Date : November 18, 2008

NOTICE

NOTICE IS HEREBY GIVEN THAT the load structure of Birla Sun Life Dynamic Bond Fund, an open ended income scheme is being revised as under w.e.f November 21, 2008

Type of Load

Entry Load

Exit Load

Existing

Nil

Nil

Revised (w.e.f November 21, 2008)

No Change

For Units redeemed/ switched out within 60 days from the date of allotment - an exit load of 0.50% of applicable NAV. For Units redeemed/ switched out after 60 days from the date of allotment - Nil

The revised load structure will be applicable to all investments made on or after November 21, 2008.

The AMC reserves the right to increase / decrease / introduce a Load at any time in future on a prospective basis. However, such increase / decrease / introduction would be subject to the limits prescribed under the regulations.

This addendum forms an integral part of the Offer Document/Key Information Memorandum issued for the scheme read with the addenda. All other features and terms and conditions of the scheme shall remain unchanged.Date : Novenmber 19, 2008

Existing

Nil

Nil for Redemptions made on Specified Transaction Period.

For redemptions on any other day not falling in specified Transaction Period an Exit load of 0.50% on the amount sought to be redeemed will be charged

Type of Load

Entry Load

Exit Load

Revised ^

No change


For redemptions on any other day not falling in Specified Transaction Period an Exit load of 1.00% on the amount sought to be redeemed will be charged

I. Birla Sun Life Quarterly Interval Fund - Series 1 to 9, Birla Sun Life Interval Income Fund - Quarterly Plan – Series I to III

NOTICE IS HEREBY GIVEN THAT the Trustees of Birla Sun Life Mutual Fund have approved Tuesday, November 25, 2008*, as the record date for declaration of dividend in the following Scheme as under:

# As reduced by the amount of applicable statutory levy. *or the immediately following Business Day if that day is a non business day.

All unitholders whose names appear in the Register of Unitholders under the dividend option of the said Plans of the scheme as at the close of business hours on the Record Date shall be eligible to receive the dividend so declared. After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any.

NAV as on November 19, 2008 (Rs.)

Rs.10.1814/- (Retail Plan)Rs. 10.1814/-(Institutional Plan)

Name of the Scheme

Birla Sun Life Interval Income Fund – Quarterly Plan- Series I

Plan/Option

Retail and Institutional Plan -Dividend

Dividend Upto (%)

100% of the Distributable surplus as on Record Date #

Face Value (per unit)

Rs. 10.00

NOTICE IS HEREBY GIVEN THAT the load structure in respect of following schemes of Birla Sun Life Mutual Fund is being revised as under:

B. NOTICE FOR CHANGE IN LOAD STRUCTURE

A. RECORD DATE FOR DIVIDEND

^ to be applicable for investments from the next Specified Transaction Period with respect to the scheme from the date of this addendum.

II. Birla Sun Life Fixed Maturity Plan - Quarterly Series 2.

Type of Load

Entry Load

Exit Load

Existing

Nil

Nil for Redemptions made on Specified Redemption Date.

For redemptions on any other day not falling in Specified Redemption Date an Exit load of 2.00% on the amount sought to be redeemed will be charged.

Revised ^

No change


For redemptions on any other day not falling in Specified Redemption Date an Exit load of 1.00% on the amount sought to be redeemed will be charged.

^ to be applicable for investments from the next Specified Subscription Period with respect to the scheme from the date of this addendum.

Type of Load

Entry Load

Exit Load

Existing

Nil

Nil for Redemptions made on Specified Transaction Period

For redemptions on any other day not falling in specified Transaction Period an Exit load of 0.20% on the amount sought to be redeemed will be charged

Revised ^

No change


For redemptions on any other day not falling in Specified Transaction Period an Exit load of 0.50% on the amount sought to be redeemed will be charged.

III. Birla Sun Life Interval Income Fund - Monthly Plan – Series I and II

^ to be applicable for investments from the next Specified Transaction Period with respect to the scheme from the date of this addendum.

Type of Load

Entry Load

Exit Load

Existing

Nil

(For Units Repurchased/Redeemed) Within 90 days from the date of allotment - 2.00%, After 90 days but within 180 days from the date of allotment – 1.50%, After 180 days but within 270 days from the date of allotment - 1.00%, After 270 days but before the Specified Redemption Date – 0.50%, On the Specified Redemption Date - Nil

Revised ^

No change


For redemptions on any other day not falling in Specified Redemption Date., exit load will be charged as under :

A. During 365 days from the last day of Specified Subscription Period 3.00% on the amount sought to be redeemed

B. After 365 days 2.00% on the amount sought to be redeemed

IV. Birla Sun Life Fixed Maturity Plan – Annual Series 3

The revised load structure will be applicable to all investments made on or after the immediately next Specified Transaction Period/Specified Subscription Period with respect to the scheme from the date of this addendum. The terms "Specified Transaction Period", "Specified Subscription Period" and "Specified Redemption Date",with respect to the scheme, shall have the same meaning as defined in the Offer Document of the Schemes.


All other features and terms and conditions of the scheme as mentioned in the offer document shall remain unchanged. This addendum forms an integral part of the Offer Document(s) & Key Information Memorandum issued for all the above mentioned Scheme(s) read with the addenda. Date : November 20, 2008

^ to be applicable for investments from the next Specified Subscription Period with respect to the scheme from the date of this addendum.

Amount of Critical Illness (CI) Insurance:If investment in the Yearly SIP with Critical Illness Insurance facility continues, the increasing insurance cover would be as follows

6. Group Critical Illness Insurance

Birla Sun Life Asset Management Company introduces Yearly SIP with Critical Illness Insurance under Birla Sun Life Tax Relief ’96, an open ended Equity Linked Saving Scheme with a lock-in of 3 years. Yearly SIP with Critical Illness Insurance gives the benefit of Critical Illness Insurance cover to the eligible investors. This facility shall be available as an add-on, optional feature w.e.f December 4, 2008

1. Eligibility criteria:

·

Providedo Investors enroll for investments through Yearly Installment, in Birla Sun Life Tax Relief ‘96.

o Investors fulfill specified conditions under his / her “Good Heath Declaration” and sign the document, also providing their Date of Birth & Gender at the specified places in the application form

·In case of joint unitholders in the scheme, only the first unit holder would be eligible for the insurance.·Age will be calculated as completed age as on last birthday.

Only individual investors, including Non Resident Indians, whose age is 18 years to 45 years, at the time of the first investment.

2. Investment Amount in Yearly SIP with Critical Illness Insurance

· Minimum: Rs. 10,000 per year

· Maximum: No upper limit

3. Mode of Payment:

··The ECS Debit will happen in the same month as the month of purchase each year. The ECS will be initiated on the 3rd of that month.·The customer will have the option to change the ECS mandate, in case he would like to change the account from which the debit needs to be carried out. However, this

request needs to be submitted at least 30 days before the due date.·In case of non clearance of first purchase instrument, SIP will not be registered and no insurance will be provided.

The Payment mode accepted will be ECS only. PDCs will not be allowed

4. Tenure of Yearly SIP with Critical Illness Insurance

Tenure of the facility would be 55 Years less the current completed age of the investor. e.g. Eligible investor may avail of the Yearly SIP with Critical Illness Insurance for such period (in years) as may be remaining for the attainment of 55 years of age. Thus, for an investor at the age of 40 years, tenure of Yearly SIP with Critical Illness Insurance shall be a period of 15 years (inclusive of 1st installment) i.e. period remaining for the attainment of 55 years of age.

5. Load Structure: Load Structure under Yearly SIP with Critical Illness Insurance would be:

Entry Load: 2.50% of the applicable NAV (NIL for Direct Applications)

Exit Load: Nil




This Addendum forms an integral part of the Offer Document(s) / Scheme Information Document/ Key Information Memorandum cum Application Form(s) of the Schemes of Birla Sun Life Mutual Fund read with the addenda issued there under.Date : November 24, 2008

State

Gujarat

Address

Jyotindra Industries Compound, Near Vinayak Party Plot, Deesa Road, Palanpur - 385 001

With Effect From

November 25,


Investor Service Centers - Computer Age Management Services Pvt. Ltd., Registrar & Transfer Agents:

State

Tamil Nadu

Address

334/4,Galaxy Apartments, 2nd Avenue, Anna Nagar, Chennai-600040

With Effect From

November 25,

48


· ·Year 4 : 5 times the Yearly installment· ·Year 2 : 3 times the Yearly installment Year 5 onwards, till 55 years : 10 times the Yearly installment·Year 3 : 4 times the Yearly installmentAll the above mentioned limits are subject to maximum insurance cover of Rs. 10 Lac per investor across all plans/folios held by him.If Yearly SIP with Critical Illness Insurance installment discontinues, the insurance cover would be as follows:·Yearly Installment discontinues before 3 years : Insurance cover stops immediately·Yearly Installment discontinues after 3 years : Insurance cover equivalent to the value of units allotted under Yearly SIP with Critical Illness

Insurance investment at the start of the each policy year, subject to a maximum of 10 times the Yearly installment or Rs. 10 Lac whichever is lower. This would also include the combined value of the equity schemes in the folio which have been switched / transferred into after the completion of the lock-in period.

Year 1 : 2 times the Yearly installment

7. Scope of Insurance

First diagnosis or occurrence/undergoing of the below mentioned 9 critical illness, procedures

Cancer Stroke

Major Organ Transplant Myocardial Infarction (Heart Attack)

Heart Valve Replacement Coronary Artery by Pass Graft Surgery

End stage Liver disease End Stage Renal Failure

Paralysis

8. Commencement of Insurance Cover:

The benefit will be withdrawn in any of the following events:·Upon completion of 55 years of age. ·Discontinuation or failure of ECS Yearly Installment within 3 years from the date of first installment under Yearly SIP with Critical Illness Insurance·Redemption (fully or partly) or switch/STP (otherwise than as provided in Point 11) of units purchased under Yearly SIP with Critical Illness Insurance before the

completion of the tenure ·Upon payment of Critical Illness Claim or if any claim is admitted by the insurance company

9. Discontinuation of Critical Illness Insurance:

There shall be no provision for revival of critical illness insurance, once the insurance cover ceases as stated above.

10. Revival of Critical Illness Insurance

After completion of lock-in period the customer is free to switch / transfer his funds to other open-ended Equity schemes of Birla Sun Life Mutual Fund within the same folio, subject to load that may be applicable at that time. However, in case of any redemption (partly or fully) or switch to a scheme other than an open-ended equity scheme, the Critical Illness Insurance shall stand cancelled.

11. Switch / STP

The Insurance Company shall not be liable or make any payment for any claim directly or indirectly caused by, based on, arising out of or howsoever attributable to any of the following:1. Any Critical Illness existing or for which the Insured sought or received treatment Prior to the inception date of the cover2. Any Critical Illness discovered or discoverable within 3 months of the inception date of this cover.3. Incase of death within 30 days from the date of diagnosis. 4. Congenital external illness or defects or anomalies, intentional self-injury and the use or misuse of intoxication liquor or drugs.5. Any sexually transmitted diseases or any condition directly or indirectly caused by or associated with Human T-Cell Lymphotropic Virus type III (III LB III) or

Lymphadenopathy Associated Virus (LAV) or the Mutants Derivative or Variations Deficiency Syndrome or any Syndrome or condition of a similar kind commonly referred to as AIDS.

6. Pregnancy and childbirth7. Consequential losses of any kind.8. War (declared or not), invasion, act of foreign enemy, hostilities, civil war, insurrection, rebellion, revolution, mutiny, military or usurped power, terrorism, riot, strike,

lockout, military or popular uprising, civil commotion, martial law, loot, sack, pillage or any epidemic.9. Nuclear weapons, materials, ionising radiation, contamination by radioactivity by any nuclear fuel or from any nuclear waste or from the combustion of nuclear fuel.

12. Exclusions for Critical Illness Insurance:

·separately. Consolidation of folios will not be allowed.

·The Group Critical Illness Insurance will be governed by the terms, conditions and exclusions of the insurance policy with the relevant Insurance Company as determined by BSLAMC.

·Grant of insurance cover to any individual member shall be discretionary on part of the Insurance Company.·In case of death of the first unit holder after the 30 day survival period from the date of diagnosis of the covered critical Illness / procedure, his / her legal

representatives may file a claim directly with the designated branch of the Insurance Company supported by all relevant documents as required by the Insurer and the payment of the claim may be made to the legal representatives by the insurance company. All insurance claims will be settled in India and shall be payable in Indian Rupees only. Settlement procedure will be as stipulated by the Insurance Company. Insurance claims will be directly settled by the Insurance Company. There will be only one insurance cover linked to unique investor. This offer from the Insurance Company (with whom BSLAMC ties up) is being brought to the investors of the Scheme by BSLAMC on a best effort basis. BSLAMC will not be responsible or liable for maintaining service levels and/or any delay in processing claims arising out of this facility.

·Under any circumstances, the Mutual Fund, Trustees, BSLAMC, or their Directors, officers or employees shall not be liable for any claims (including but not limited to rejection of any claim, non-settlement, delays etc.) arising out of the insurance cover provided to the unit holder. The only remedy and / or recourse available to the investor under such circumstances is to claim the same from and against the insurance company. The Fund is bringing this offer to the investors of the Scheme only as an additional facility and is not acting as an agent for marketing/sales of insurance policies.

·Subject to what has been stated above, BSLAMC reserves a right to modify / terminate the said Group Critical Illness Insurance on a prospective basis for new as well as for existing customers, with a notice of 30 days. BSLAMC also reserves the right to change the insurance company from time to time. While BSLAMC will endeavor for continuity of insurance benefits in the event of change in the insurance company, the same is not assured. The insurance benefits under such circumstances may substantially vary, including such exclusions / restrictions that may be specified under the fresh Insurance policy which may be obtained from other Insurance Company.

·Charges of the insurance cover will be entirely borne by BSLAMC.·Investors opting for Yearly SIP with Critical Illness Insurance agree and confirm to have read, understood and accepted the Terms of Yearly SIP with Critical Illness

Insurance.·All other terms & conditions will be as per insurance cover issued by the respective insurer to BSLAMC.·Insurance is subject matter of solicitation.

A new folio will be created in this facility even for existing customers. Other regular / fresh purchases will not be allowed in this folio, and they will be maintained

13. Other Terms and Conditions:

All the other terms and conditions of the Offer Document will remain unchanged.This Addendum forms an integral part of the Offer Document / Key Information Memorandum cum Application Form of the Scheme of Birla Sun Life Mutual Fund read with the addenda issued there under.Date : December 03, 2008

The Critical Illness cover will start one day after the allotment of units. However, pre-existing diseases and conditions diagnosed within the first 3 months from the inception date of the cover will not be covered.

Addendum to the Offer Document of the Schemes of Birla Sun Life Mutual Fund

A. Introduction of new Option:Birla Sun Life Asset Management Company Limited has decided to carry out following changes to the Offer Document of Birla Sun Life Dynamic Bond Fund (“the Scheme”), an Open ended Income Scheme with effect from Thursday, December 04, 2008.

The following Option is hereby introduced under the Retail Plan of the Scheme:

The Option introduced under the Retail Plan of the Scheme will have the same investment objective, portfolio, liquidity, minimum application amount, applicable load structure and expense ratio as that of existing options. Since, the option is within an existing portfolio, the Scheme does not have any target for minimum subscription amount.

B. Change in Load Structure

NOTICE IS HEREBY GIVEN THAT the load structure in respect of following schemes of Birla Sun Life Mutual fund is being revised:

I. Birla Sun Life Income Plus

^ or the next Business Day, if the Friday is not a Business Day.

Option/Facility

Dividend Frequency / Record Date

Offer Price

Dividend Policy

Monthly Dividend Option (Payout & Reinvestment Facility)



Option

Monthly Dividend Last Friday^ of each month.

Type of Load

Entry Load

Exit Load

Existing

Nil

For Purchase / Switch in of Units, upto and including Rs. 10 lacs in value, an exit load of 0.75% is payable if units are redeemed / switched out within 180 days from the date of allotment. For Purchase / Switch in of Units, greater than Rs. 10 lacs in value, no exit load is payable.

Revised (w.e.f. December 04, 2008)

No Change

For Purchase / Switch in of Units, upto and including Rs. 10 lacs in value, an exit load of 1.00% is payable if units are redeemed / switched out within 365 days from the date of allotment.

For Purchase / Switch in of Units, greater than Rs. 10 lacs in value, an exit load of 0.25% is payable if units are redeemed / switched out within seven days from the date of allotment

The revised load structure will be applicable to all investments made on or after Thursday, December 04, 2008 in Birla Sun Life Income Plus.

II. Birla Sun Life Short Term Fund

Type of Load

Entry Load

Exit Load

Existing

Nil

For redemption/ switch out of units within seven days from the date of allotment: 0.15%


No Change

For redemption/ switch out of units within 21 days from the date of allotment: 0.25% of applicable NAV

The revised load structure will be applicable to all investments made on or after Monday, December 8, 2008 in Birla Sun Life Short Term Fund.


This addendum forms an integral part of the Offer Document/Key Information Memorandum issued for the schemes read with the addenda. All other features and terms and conditions of the schemes shall remain unchanged.Date : December 03, 2008




Investor Service Centers - Computer Age Management Services Pvt. Ltd., Registrar & Transfer Agents:

This Addendum forms an integral part of the Offer Document(s) / Scheme Information Document/ Key Information Memorandum cum Application Form(s) of the Schemes of Birla Sun Life Mutual Fund read with the addenda issued there under.Date : December 03, 2008

State

Gujarat

Madhya Pradesh

Maharashtra

Maharashtra

Address

10/11, Maruti Complex, Opp. B R Marbles, Highway Road, Unjha - 384 170

1st Floor, Shiva Complex, Bharat Talkies Road, Itarsi- 461 111

Shop No: 11, 1St Floor, Ashoka Plaza, Opposite Magistic Talkies, Subhash Road, Jalna - 431 203

3, Adelade Apartment, Christain Mohala, Behind Gulshan-E-Iran Hotel, Amardeep Talkies Road, Bhusawal - 425201

With Effect From

December 4, 2008

December 4, 2008

December 4, 2008

December 4, 2008

Addendum to the Offer Document of the Birla Sun Life Floating Rate Fund – Long Term Plan

Birla Sun Life Asset Management Company Limited has decided to carry out following changes to the Offer Document of Birla Sun Life Floating Rate Fund – Long Term Plan (“the Scheme”), an Open ended Income Scheme with effect from Wednesday, December 10, 2008.

Introduction of a New Option under the Scheme :

The Option introduced under the Scheme will have the same investment objective, portfolio, liquidity, minimum application amount, applicable load structure and expense ratio as that of existing options. Since, the option is within an existing portfolio, the Scheme does not have any target for minimum subscription amount.

This addendum forms an integral part of the Offer Document/Key Information Memorandum issued for the scheme read with the addenda. All other features and terms and conditions of the scheme shall remain unchanged.Date : December 08, 2008

Option/Facility

Offer Price

Dividend Policy

Daily Dividend Option with Reinvestment Facility.







This Addendum forms an integral part of the Offer Document(s) / Scheme Information Document/ Key Information Memorandum cum Application Form(s) of the Schemes of Birla Sun Life Mutual Fund read with the addenda issued there under.Date : December 09, 2008

StateRajasthanUttar Pradesh

Address390, 2nd Floor Shopping Centre, Near Ghoda Wala Baba Chauraha, Kota - 324004Near Hotel Rajmahal, Infront of Dr.P.K.Das, Civil Lines, Moradabad- 244001

With Effect FromDecember 10, 2008December 10, 2008





This Addendum forms an integral part of the Offer Document(s) / Scheme Information Document/ Key Information Memorandum cum Application Form(s) of the Schemes of Birla Sun Life Mutual Fund read with the addenda issued there under.

Date : December 15, 2008

State

Punjab

Address

Central Mall, 3rd Floor, Mall Road, Amritsar - 143001

With Effect From

December 16, 2008

REGISTRATION OF ELECTRONIC / DIRECT CREDIT

It is hereby notified to the investors that in case of fresh purchase under new folio or change of Bank Mandate or availing of Direct Credit in respect of dividend or redemption remittances, for all the schemes of Birla Sun Life Mutual Fund, investors shall be required to attach/provide a copy of cancelled cheque pertaining to the Bank account mentioned in the application form or the common transaction form, as the case may be. Birla Sun Life Asset Management Co. Ltd./Birla Sun Life Mutual Fund shall not be liable for any loss/consequences arising out of non-adherence of the above requirement under any circumstances.

CHANGE IN LOAD STRUCTURE

NOTICE IS HEREBY GIVEN THAT the load structure of Birla Sun Life Short Term Opportunities Fund, an open ended income scheme is being revised as under w.e.f December 24, 2008

The revised load structure will be applicable to all investments made on or after December 24, 2008. The AMC reserves the right to increase / decrease / introduce a Load at any time in future on a prospective basis. However, such increase / decrease / introduction would be subject to the limits prescribed under the regulations.

This addendum forms an integral part of the Offer Document/Key Information Memorandum/Statement of Additional Information issued for the schemes read with the addenda. All other features and terms and conditions of the scheme shall remain unchanged.Date : December 19, 2008

Type of Load

Entry Load

Exit Load

Existing

Nil

For Units redeemed/ switched out within 30 days from the date of allotment - an exit load of 0.20% of applicable NAV.


No Change

Nil

49




Change in Address of Existing Official Points of Acceptance for Transactions in all the Schemes of Birla Sun Life Mutual Fund.


State

Goa

Old Address

507 & 508, Kamat Tower, Patto Plaza, Panaji, Goa - 403001

New Address1st Floor, Ashok –Samarath Complex, Above Vishal Mega Mart, Off. 18th June Road, Panaji, Goa - 403 001.

This Addendum forms an integral part of the Offer Document(s) / Scheme Information Document(s) / Key Information Memorandum cum Application Form(s) of the Schemes of Birla Sun Life Mutual Fund read with the addenda issued there under.Date : December 22, 2008



Addition of new Official Points of Acceptance for Transactions in all the Schemes of Birla Sun Life Mutual Fund with effect from December 29, 2008


Change in Address of Existing Official Points of Acceptance for Transactions in all the Schemes of Birla Sun Life Mutual Fund with effect from January 1, 2009:


This Addendum forms an integral part of the Offer Document(s) / Scheme Information Document(s) / Key Information Memorandum cum Application Form(s) of the Schemes of Birla Sun Life Mutual Fund read with the addenda issued there under.Date : December 26, 2008

State

Punjab

Address

SCO 88, 1st Floor, New Leela Bhawan Market, Tehsil & District Patiala – 147001

State

Andhra Pradesh

Old Address

1st floor, May Fair Complex, S.P.Road, Secunderabad-500003

New Address

102, 1st floor, Oasis Plaza, Door No. 4-1-898, Tilak Road, Abids, Hyderabad – 500 001

CHANGE IN LOAD STRUCTURE

NOTICE IS HEREBY GIVEN THAT the load structure of Birla Sun Life Short Term Fund, an open-ended short term income scheme is being revised as under w.e.f December 29, 2008

The revised load structure will be applicable to all investments made on or after December 29, 2008. The AMC reserves the right to increase / decrease / introduce a Load at any time in future on a prospective basis. However, such increase / decrease / introduction would be subject to the limits prescribed under the regulations.

This addendum forms an integral part of the Offer Document/Key Information Memorandum issued for the scheme read with the addenda. All other features and terms and conditions of the scheme shall remain unchanged.Date December 27, 2008

Type of Load

Entry Load

Exit Load

Existing

Nil

For Units redeemed/ switched out within 21 days from the date of allotment - an exit load of 0.25% of applicable NAV.


No Change

For Purchase/switch-in of units, less than or equal to Rs. 100 crores in value, an exit load of 0.25% is payable if units are redeemed /switched-out within 21 days from the date of allotment. For Purchase/switch-in of units, greater than Rs. 100 crores in value, an exit load of 0.25% is payable if units are redeemed /switched-out within 15 days from the date of allotment.

Addendum to the Offer Document of Birla Sun Life Tax Relief ‘96

Birla Sun Life Asset Management Company Ltd. introduces a facility called “BSL Life Stage Plan” under Birla Sun Life Tax Relief ’96, an open ended Equity Linked Saving Scheme with a lock-in of 3 years. This facility shall be available as an add-on, optional feature w.e.f January 6, 2009. Investor has an option to avail this facility with or without Life Insurance cover.

1. Eligibility criteria for Life Insurance cover: • Only individual investors, including Non Resident Indians, whose age is 18 years and above but not more than 45 years of age at the

time of first SIP installment, will be allowed the benefit of a Life Insurance Cover. Provided- Investors subscribe to BSL Life Stage Plan, in Birla Sun Life Tax Relief ’96 – Growth Plan.- Investors sign genuine “Good Health Declaration” and also provide their Date of Birth, Gender and Nominee details at the specified

places in the application form

• In case of joint unitholders in the scheme, only the first unit holder would be eligible for the insurance cover.

2. Additional Criterions for NRIs:The BSL Life Stage Plan facility can also be availed by the NRI provided they reside in one of the following countries as given below:

3. Investment Amount in BSL Life Stage PlanMinimum: Rs. 2,000 per month

4. Mode of Payment: Payment for BSL Life Stage Plan can be through Direct Debit

5. Maturity under BSL Life Stage Plan:The investors have an option to choose the maturity year from the following: 2020, 2025, 2030, 2035, 2040 on which the total amount will be available for the investor to be redeemed.The amount will be available for redemption on the first day of the financial year (1st of April) in the maturity year. E.g. the 2025 plan will mature on 1st April 2025

6. Tenure of BSL Life Stage Plan The Monthly SIP would continue until 3 yrs (36 months) before maturity date. Thus, the tenure of the plan shall be; Maturity year of the Plan (Less) Current year (Less) 3 years (as the scheme entails a 3 yr lock in)E.g. for a maturity date of 1st April 2025, the monthly SIP would continue until March 2022.

7. Discontinuation of BSL Life Stage Plan• Investor intimates the AMC to discontinue SIP under BSL Life Stage Plan, or• Investor defaults SIP installments under BSL Life Stage Plan for two consecutive months during the tenure of BSL Life Stage Plan, or• Investor defaults SIP installments under BSL Life Stage Plan for four separate occasions (months) during the tenure of the BSL

Life Stage PlanThere shall be no provision to revive the BSL Life Stage Plan, once discontinued

NRIs need to submit a proof of residence duly certified in original by local authority in the country of residence at the time of submission of an Application Form. In case the proof is in any language other than English the same must be translated to English and certified by Government Authority in country of residence or by the Indian Embassy. All claims shall be settled in INR only and the then prevailing tax rates if any will be applied.

This addendum forms an integral part of the Offer Document/Key Information Memorandum issued for the scheme read with the addenda.

All the other features and terms and conditions of the Offer Document shall remain unchanged.Date : December 31, 2008

S. No. Country S. No. Country S. No. Country S. No. Country S. No. Country

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

Australia

Austria

Bahamas

Bahrain

Belgium

Brunei

Bulgaria

Canada

China

Croatia

Cyprus

Denmark

Finland

France

Germany

Gibraltar

Greece

Hong Kong

Hungary

Ireland

Italy

Japan

Luxembourg

Mauritius

Moldova

Netherlands

New Zealand

Norway

Oman

Poland

Portugal

Qatar

Romania

Seychelles

Singapore

South Africa

South Korea

Spain

Sweden

Switzerland

Taiwan

Turkey

UAE

UK

USA

8. Load StructureLoad Structure under BSL Life Stage Plan would be -For investors eligible for Life Insurance cover.Entry Load : For Purchase of units: 2.50% of the applicable NAV. For Direct Applications: NilExit Load : Nil. For investors not eligible for Life Insurance cover.Entry Load : For Purchase of units less than Rs. 5 Crores in value: 2.25%. For Purchase of units equal to or

greater than Rs. 5 Crores in value: NilExit Load : Nil.

9. Group Life InsuranceIf investment in the BSL Life Stage Plan facility continues, the increasing insurance cover would be as follows• Year 1 : 10 times the Monthly SIP installment• Year 2 : 50 times the Monthly SIP installment• Year 3 onwards : 100times the Monthly SIP installment

All the above mentioned limits are subject to maximum cover of Rs. 20 Lakhs per investor for all monthly SIP installments under BSL Life Stage Plan.

If installment under BSL Life Stage Plan discontinues, the insurance cover would be as follows: • Monthly SIP discontinues before 3 years: Insurance cover stops immediately• Monthly SIP discontinues after 3 years: Insurance cover equivalent to the value of units allotted under the BSL Life Stage

Plan, at the start of the each policy year, subject to a maximum of 100 times the monthly installment, provided there are no full or partial withdrawal of SIP fund units before completion of SIP tenure. Otherwise, cover ceases immediately.

10. Commencement of Insurance Cover under BSL Life Stage Plan:The Insurance cover will start from the commencement of first SIP installment under BSL Life Stage Plan. However, only accidental deaths will be covered for the first 45 days from the date of the first SIP installment

11. Cessation of Insurance CoverThe insurance cover shall cease upon occurrence of any of the following:• Upon completion of 55 years of age.• Discontinuation of SIP installments under BSL Life Stage Plan within 3 years from the commencement of the same• Redemption / switch-out (fully or partly) of units purchased under BSL Life Stage Plan before the completion of the BSL Life Stage

Plan tenure There shall be no provision to change the SIP installment for availing BSL Life Stage Plan

12. Revival of Insurance CoverThere shall be no provision for revival of insurance cover, once the insurance cover ceases as stated above.

13. Exclusions for Insurance CoverNo insurance cover shall be admissible in respect of death of the unit holder (the insured investor) on account of –• Death due to suicide within first year of commencement of SIP under BSL Life Stage Plan• Death within 45 days from the commencement of SIP installments under BSL Life Stage Plan except for death due to accident • Death due to pre-existing illness, disease(s) or accident which has occurred prior to commencement of SIP installments under BSL

Life Stage Plan

14. Other Terms and Conditions:• The Group Life Insurance Cover will be governed by the terms, conditions & exclusion of the insurance policy with the

relevant Insurance Company as determined by the AMC. • Grant of insurance cover to any individual member shall be discretionary on part of Life Insurance Company. • In case of death of the first unit holder, his / her legal representatives may file a claim directly with the designated branch of the

Insurance Company supported by all relevant documents as required by the Insurer and the payment of the claim may be made to the legal representatives by the insurance company. All insurance claims will be settled in India and shall be payable in Indian Rupees only. Settlement procedure will be as stipulated by the Insurance Company. Insurance claims will be directly settled by the Insurance Company. There will be only one insurance cover linked to unique investor. This offer from the Insurance Company (with whom the AMC ties up) is being brought to the investors of the Scheme by the AMC on a best effort basis. The AMC will not be responsible or liable for maintaining service levels and/or any delay in processing claims arising out of this facility.

• The Mutual Fund, Trustees, AMC, or their Directors, officers or employees shall not be liable for any claims (including but not limited to rejection of any claim, non-settlement, delays etc.) arising out of the insurance cover provided to the unit holder. The Fund is bringing this offer to the investors of the Scheme only as an additional facility and is not acting as an agent for marketing/sales of insurance policies.

• Subject to what has been stated above, the AMC reserves a right to modify / annul the said Group Insurance Cover on a prospective basis. The AMC also reserves the right to change the insurance company from time to time.

• BSLAMC reserves the right to reject the application if the investor does not meet the eligibility criteria for insurance cover• Charges of the insurance cover will be entirely borne by the AMC. • Investors opting for BSL Life Stage Plan agree and confirm to have read, understood and accepted the Terms of BSL Life Stage Plan

and Insurance cover. • A new folio will be created in this facility even for existing customers. Other regular/fresh purchases will not be allowed in this

folio, and they will be maintained separately. Consolidation of folios will not be allowed.• Insurance is subject matter of solicitation.

50

Methodology of RankingJ a n u a r y 2 0 0 9

Ranking Source: Crisil FundServices, CRISIL Limited

Birla Sun Life ‘95 Fund – Growth (BSL‘95): Best Fund - 10 yr performance (1997 - 2007), Mixed Asset INR Aggressive, No. of schemes: 6Birla Sun Life Income Fund - Growth (BSLIF): Best Fund - 3yr (2004 - 2007) & 10 yr (1997 - 2007) performance, Bond INR - General, No. of schemes: 100Birla Sun Life Gilt Plus - Regular Growth (BSLGP-Reg): Best Fund - 5 yr performance (2002 - 2007), Bind INR Govt, No. of Schemes: 35Birla Sun Life Tax Relief '96 (BSLTR'96): 3rd Rank (Top Performing Equity funds in the world) - 10 yr performance (1997 - 2007), Equity Funds, No. of Schemes: 6302BSL’95, BSLIF & BSLGP - Reg are awarded the Lipper Award 2008 and BSLTR’96 has been ranked 3rd among the top 100 equity funds in the world on the basis of Consistent Return (Effective Return) value. Entry/Exit load not considered. Ranking source: Lipper - A Reuter Co.

Standard & Poor’s A: The fund demonstrates high standards of quality based on its investment process, risk awareness and consistency of performance relative to its own objectives. Ranking Methodology: The Fund has provided consistent, above average, risk-adjusted returns relative to its peers over a three-year period ending December 31, 2006. The Fund is assessed by S&P on basis of quantitative factors viz. historical performance for consistency, discrete period performance comparisons and measurement over 3 discrete twelve-month periods, including 6 month moving average size, turnover, dealing, liquidity of portfolio, gearing, client base, cost, fees and on evaluation of qualitative factors viz. fund management group, portfolio manager and investment team that contributes to long term performance.

Birla Sun Life Mutual Fund - Mutual Fund of the Year: Birla Sun Life Mutual Fund won the CNBC TV18 - CRISIL Mutual Fund of the Year Award in the Category – Mutual Fund of the Year. In total 26 fund houses were eligible for the award universe. Fund Houses winning at least two awards for their schemes in the category level awards for 2007 were considered for the award. The award is based on consistency of fund house’s performance across various scheme categories in the four quarterly CRISIL CPR rankings released during the calendar year 2007. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses.Birla Sun Life Infrastructure Fund – Growth - Emerging Equity Fund of the Year: Birla Infrastructure Fund - Growth was the only scheme that won the CNBC TV18 - CRISIL Mutual Fund of the Year Award in the Emerging equity Fund of the year category. In total 14 schemes were eligible for the award universe. Open ended equity schemes having a one to two year track record as on December 31, 2007 and fulfilling CRISIL’s eligibility criteria on disclosure were considered for the award. The award is based on the scheme’s performance using the analytical approach of the CRISIL CPR rankings having the analysis period as the year 2007. Birla Sun Life Frontline Equity Fund - Growth(Large Cap Oriented Equity Fund), 22 Schemes: Among 2 winnersBirla Sun Life Income Fund (Income Funds), 17 schemes: Only winnerBirla Sun Life Monthly Income (Monthly Income Plans – Conservative), 9 schemes: Only winnerBirla Sun Life Short Term Fund (Income – Short Term Funds), 12 schemes: Only winnerSchemes present in all four quarter CRISIL CPRs were considered for the award. The award is based on consistency of scheme’s performance in the four quarterly CRISIL CPR rankings released during the calendar year 2007. The individual CRISIL CPR parameter scores averaged for the four quar ters were further multiplied by the parameter weight as per the CRISIL CPR methodology to arrive at the final scores. A detailed methodology of the CRISIL CPR is available at www.crisil.com. Past performance is no guarantee of future results. Rankings and Award Source: CRISIL FundServices, CRISIL Ltd.

& Lipper Awards 2008 – Award Methodology & Disclaimer

@@ S & P Fund Management Rating

&&CNBC TV18 - CRISIL Mutual Fund of the Year Award for 2007 - Award Methodology & Disclaimer

Parameters Scheme CategorySuperior Return Score Large Cap Oriented Equity, Diversified Equity, ELSS, Balanced, Debt, MIP (Aggressive &

Conservative), Gilt-Long and Consistent CPR Performers – Equity, Balanced and DebtMean Return and Volatility Debt-Short, Liquid Plans & Consistent CPR Performers - LiquidPortfolio Concentration Analysis All SchemesLiquidity Analysis All SchemesAsset Quality Debt SchemesAverage Maturity Debt SchemesDownside Risk Probability Debt- Short Term, Liquid, Liquid Plus, Liquid- Institutional & Super InstitutionalAsset Size Debt- Short Term, Liquid, Liquid Plus, Liquid- Institutional & Super InstitutionalHistoric performance on CRISIL~CPR Consistent CPR Performer – Equity, Balanced, Debt and Liquid categories

#Value Research Ratings

@ ICRA – Ranking Methodology and Disclaimer

+ ICRA mfAAA and mfA1+ Rating Methodology for Birla Sun Life Floating Rate (Short Term & Long Term) and Birla Sun Life Cash Plus Respectively

* AAAf: CRISIL AAAf Rating Methodology for Birla Sun Life Liquid Plus, Birla Sun Life Income Plus, Birla Sun Life Cash Manager, Birla Sun Life Income Fund and Birla Sun Life Short Term Fund

^^Crisil CPR – Ranking Methodology & Disclaimer

The Ratings are a Composite Measure of historical Risk-Adjusted Returns. For Equity and Hybrid Funds, Ratings for the two time periods (3 and 5 years) are combined to give a single assessment of each fund’s risk rating vis-à-vis other funds in the category. For Debt funds and Long & Medium-term Gilt funds, the Ratings are arrived at by combining the assessment for 2 time periods (18 months and 3 years), based on weekly risk-adjusted performance. For Short-term and Ultra Short-term debt funds and Short-term Gilt funds, the Ratings are based on 18-month weekly risk-adjusted performance, relative to the other funds in category. Entry/Exit Loads not considered.5-stars indicate that fund is in top 10% of its category. 4-stars indicate that fund is in next 22.5% of its category. Following is the number of schemes in each category: Equity Diversified (218), Equity: Index (27), Equity Tax Planning (36), Hybrid: Equity Oriented (32), Hybrid: Debt Oriented (29), Hybrid: Monthly Income (37), Debt: MT (54), Debt: ST (25), Debt: Ultra ST (51), Debt: Ultra ST-Inst. (56), Debt: Floating Rate ST (10) Debt: Floating Rate LT (11), Gilt: Medium and LT (49), Gilt: ST (18). Debt: Liquid Plus (36),Debt: Liquid Plus Inst (37). Fund Ratings are as on 31 Dec’08. Ranking Source: www.valueresearchonline.com

Birla Sun Life Short Term Fund - Growth (Category: Liquid Plus Scheme, No of Schemes = 26) & Birla Sun Life Income Plus - Growth (Category: Debt Long Term, No of Schemes = 18) are ranked 7 - Star at ICRA Mutual Funds Awards 2007 for 1 yr performance for period ended 31 Dec. ’07. Ranks are based on in-depth analysis of critical parameters, including: risk-adjusted performance; portfolio concentration characteristics; liquidity; corpus size; average maturity; and portfolio turnover. Entry/Exit Loads not considered. Ranking Source & Publisher: ICRA Online.

Birla Sun Life Floating Rate Fund – Short Term Plan & Birla Sun Life Floating Rate Fund – Long Term Plan: The credit risk rating assigned to the schemes is mfAAA. The rating is the highest-credit-quality rating assigned by ICRA to debt funds. Birla Sun Life Cash Plus: The credit risk rating assigned to the scheme is mfA1+. The highest-credit-quality short-term rating assigned by ICRA to debt funds.Rating methodology used by ICRA is based on evaluating the inherent credit quality of the funds portfolio. As a measure of the credit quality of a debt fund’s assets, ICRA uses the concept of ”credit scores”, based on ICRA’s assessment of credit risk associated with each exposure of the portfolio taking into account its maturity, investment objectives and policies, its management characteristics and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. Source: ICRA Ltd.

AAAf The fund’s portfolio holdings provide very strong protection against losses from credit defaults.The credit quality ratings are based on an analysis of the fund’s investment philosophy, its management, investment strategies, operational policies and internal controls. Credit quality incorporates the credit risk of securities and the counter-party risk involved in transactions CRISIL has developed a Credit Quality Matrix to evaluate a bond fund’s overall level of protection against losses associated with credit default. The matrix is a set of credit factors & credit scores derived scientifically from CRISIL’s rating default and transition rates over past ten years. Ranking source: CRISIL FundServices, CRISIL Ltd.

Birla Sun Life Equity Fund: CRISIL~CPR 1 - in Consistent CPR Performer - Equity (26 Schemes)Birla Sun Life Frontline Equity Fund: CRISIL~CPR 2 -In Diversified Equity Scheme Category (90 Schemes). Birla Sun Life Income Fund: CRISIL~CPR 1 - Income Scheme Category (17 Schemes)Birla Sun Life Income Plus: CRISIL~CPR 1 - Consistent CPR Performer - Debt (13 Schemes)Birla Sun Life Income Plus: CRISIL~CPR1 - Income Scheme Category (17 schemes)Birla Sun Life Monthly Income: CRISIL~CPR 2 - MIP Conservative Scheme Category (12 schemes)Birla Sun Life Short Term Fund - Retail Plan: CRISIL~CPR 1 - Debt Short Term Scheme Category (18 Schemes).Birla Sun Life Cash Plus - Institutional: CRISIL~CPR 2 - Liquid Inst. Scheme Category (12 schemes)Birla Sun Life Cash Plus - Institutional Premium: CRISIL~CPR 2 - Liquid Super Inst. Scheme Category (19 Schemes).Birla Sun Life Cash Plus - Retail Plan: CRISIL~CPR 1 Consistent CPR Performer - Liquid (15 Schemes)Birla Sun Life Cash Plus - Retail Plan: CRISIL~CPR 2 Liquid Scheme (30 Schemes)Birla Sun Life Gilt Plus - Regular Plan: CRISIL~CPR 1 - Gilt Scheme Category (11 schemes)CRISIL~Composite Performance Ranking - (CRISIL~CPR) is the relative performance ranking of mutual fund schemes within the peer group. The criteria used for computing the ranking are AUM in excess of category cut-off limits & portfolio disclosure and performance in case of Liquid Plans, Floating Rate and Debt-Short Term – Last 1 years; All other Schemes – Last 2 years and 5 yrs CPR track record for consistent CPR Performers. Fund Ratings are as on 30 September ’08. Ranking is done on the following parameters depending on scheme category.CRISIL~CPR 1 - indicates “Very Good" performance & ranks within top 10% of the respective category.CRISIL~CPR 2 - indicates “Good" performance & ranks within top 30% of the respective category.

For further details on our Funds, please contact our Customers Service Centres at details given below.

BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD. BRANCHES

Disclaimer: Any information contained in this publication does not constitute and shall be deemed not to constitute an advice, an ofLtd./ its subsidiaries / affiliates / sponsors / trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication from time to time. Recipients of the information contained herein should exercise due care and caution and read the offer documents (including if necessary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein.

Editorial opinions expressed in the 'Connect' are not necessarily those of Birla Sun Life AMC Ltd. or any of their officers, employees, personnel, directors and Birla Sun Life AMC Ltd. and its officers, employees, personnel, directors do not accept responsibility for the editorial content. Birla Sun Life AMC Ltd. or any of its officers, employees, personnel, directors make no representation as to the accuracy, completeness or reliability of the editorial content and hereby disclaim any liability with regard to the same.

fer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, Birla Sun Life AMC

Statutory Details: Constitution: Birla Sun Life Mutual Fund (BSLMF) has been set up as a Trust under the Indian Trust Act, 1882. Sponsors: Aditya Birla Nuvo Limtied and Sun Life (India) AMC Investments Inc. (liability restricted to seed corpus of Rs. 1 Lac). Trustee: Birla Sun Life Trustee Company Pvt. Ltd. Investment Manager: Birla Sun Life Asset Management Company Ltd.Risk Factors: Mutual Funds and securities investments are subject to market risks and there can be no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme may go up or down depending on the various factors and forces affecting capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Schemes and may not necessarily provide a basis of comparison with other investments. The names of the Schemes do not, in any manner, indicate either the quality of the Schemes or their future prospects or returns. Unitholders in the schemes are not being offered any guaranteed/assured returns. Investors should read the Offer Document/ Key Information Memorandum available at Investor Service Centers and with distributors carefully before investing.

The Material provided in the Connect cannot be reproduced or quoted anywhere without express permission from Birla Sun Life Asset Management Company Ltd.

51

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