index [mf.adityabirlacapital.com] · birla sun life index fund 47 tax savings solutions 48 birla...

IndexAll About Mutual Funds 01

Investment Outlook 02

Savings Solutions 04

Birla Sun Life Cash Plus 05

Birla Sun Life Cash Manager 06

Birla Sun Life Savings Fund 07

Birla Sun Life Ultra Short Term Fund 08

Birla Sun Life Dynamic Bond Fund 09

Birla Sun Life Medium Term Plan 10

Birla Sun Life Income Plus 11

Birla Sun Life Short Term Fund 12

Birla Sun Life Floating Rate Fund - Long Term Plan 13

Birla Sun Life Floating Rate Fund - Short Term Plan 14

Birla Sun Life Gilt Plus 15

Birla Sun Life Government Securities Fund 16

Birla Sun Life Short Term Opportunities Fund 17

Regular Income Solutions 18

Birla Sun Life Monthly Income 19

Birla Sun Life MIP 20

Birla Sun Life MIP II - Wealth 25 Plan 21

Birla Sun Life MIP II - Savings 5 Plan 22

Wealth Creation Solutions 23

Birla Sun Life ‘95 Fund 24

Birla Sun Life Frontline Equity Fund 25

Birla Sun Life Top 100 Fund 26

Birla Sun Life Equity Fund 27

Birla Sun Life Advantage Fund 28

Birla Sun Life Long Term Advantage Fund 29

Birla Sun Life Pure Value Fund 30

Birla Sun Life Midcap Fund 31

Birla Sun Life Small & Midcap Fund 32

Birla Sun Life MNC Fund 33

Birla Sun Life Dividend Yield Plus 34

Birla Sun Life Infrastructure Fund 35

Birla Sun Life India Reforms Fund 36

Birla Sun Life India GenNext Fund 37

Birla Sun Life Buy India Fund 38

Birla Sun Life Special Situations Fund 39

Birla Sun Life India Opportunities Fund 40

Birla Sun Life New Millennium Fund 41

Birla Sun Life Asset Allocation Fund 42

Birla Sun Life Enhanced Arbitrage Fund 43

Birla Sun Life Commodity Equities Fund 44

Birla Sun Life International Equity Fund - Plan A 45

Birla Sun Life International Equity Fund - Plan B 46

Birla Sun Life Index Fund 47

Tax Savings Solutions 48

Birla Sun Life Tax Relief ‘96 49

Birla Sun Life Tax Plan 50

Close Ended Scheme Performance 51

Fund Manager Wise Scheme Performance 52

Funds at A Glance 53

Investment Objective 57

Dividend History 59

Industry Allocation 61

01

All About Mutual Funds

What is the way then to help you achieve your financial needs and goals? The answer can be mutual funds. Here are a few things about mutual funds that you must know in order to benefit from them:

What are mutual funds?A mutual fund is a professionally managed collective investment scheme that pools money from many investors. This money is then invested in stocks, bonds, short-term money market instruments, and/or other securities.

Types of mutual fundsMutual funds can broadly be classified as open ended or close ended. While open ended funds are available for subscription and repurchase on a continuous basis and do not have a fixed maturity period, close ended funds are open for subscription only during a specified period at the time of launch of the scheme and have a stipulated maturity period. The funds can further be classified according to the investment objective as:

• Growth or equity funds: The aim of growth funds is to provide capital appreciation over medium to long term. Such schemes normally invest a major part of their corpus in equities and have comparatively high risks.• Debt funds: The objective of debt funds is to generate steady returns while aiming to preserve your capital. They invest only in fixed income instruments like company bonds, debentures, government securities etc.• Balanced funds: These funds invest in both equity and debt in varying proportions. So, their average returns and risk profile also fall some where in between growth and debt funds.

How do mutual funds score over equities? Unlike equity Investments, mutual fund investments do not

require you to analyze and track companies and the ways of the market. Also they can help them stay less affected by the fall in the prices of one particular stock as their returns are derived by overall performance of various stocks that the Mutual Fund invests in.

What’s the right time to buy and sell mutual funds?The right time to buy mutual funds is when the prices of the funds are low or falling. However, the holding period should be determined by the market conditions ideally. For eg. in growth funds a greater holding period can offer greater chance to benefit.

What are SIPs?A systematic investment plan allows you to invest in a fund at regular intervals rather than a lump sum one time amount. SIPs are based on the principle of rupee cost averaging which can help make a fall in scheme’s NAV work to the investor’s advantage. When the NAV falls because of a fall in the market, SIP can help accumulate more units at lower rates while restraining them from going overboard in a rising market by giving fewer units at those higher levels. Further, by staying invested for a long period of time, they may also profit from the appreciation in equities tend to show over the long term.

How do I select the right mutual funds?While choosing a mutual fund, it’s important to keep your objectives, risk appetite and investment budget in mind. You should also keep in mind the performance of the fund over the last couple of years and check the exit load charged by a particular scheme which is charged as a percentage of NAV and has the effect of reducing returns by that amount.

By keeping these simple things in mind, you can make mutual fund investments that can work to your advantage and help in realizing your financial goals.

Rising expenses, children’s education, unexpected emergencies and finally retirement – the demands on people’s money seem to be ever-rising. And savings alone may not prove to be enough to meet them all. Making judicious investments though can make their money work harder. However, most people are reluctant to invest as they find it very puzzling. More so, they don’t have the time to monitor the stock markets.

02

Investment OutlookEquity Investment Outlook

The benchmark indices, Sensex and Nifty rose 2.4% and 2.20% respectively over the last month. This was aided by gains in sectors such as IT, Oil & Gas, Realty and Banking. On the other hand, Metals, Auto, Pharma, Capital Goods and Infrastructure bore the brunt of investor selling. Broader market indices were little subdued with BSE500 gaining by 1.1% only. This was mainly on account of poor show by mid caps which fell by 1.7% (CNX Mid cap Index).FIIs started the year with stepped up pace of buying in Jan with net purchases to the tune of $4.1bn. Note that we had finished CY12 with $25bn of FII inflows into equities. Domestic Institutional Investors (DIIs) once again remained firmly positioned on the other side of the trade, notching up another $3.2bn in net selling. Among the DIIs, Insurance companies were by far the bigger sellers ($2.3bn) with the Mutual Funds adding another $870mn.Key point to note is the continuation of reforms with announcements on fuel subsidy reduction by tackling contentious issue of diesel price deregulation – allowing Oil Marketing Companies (OMCs) to raise diesel prices in small steps every month. Controversial tax proposals under GAAR were also deferred by 2 years and will be implemented on prospective basis, increasing railway passenger fares etc. The FM has been on a roadshow meeting foreign investors across geographies and sending a categorical message that fiscal prudence would be maintained. To this end, we expect the divestment activity to continue following stake sale in Oil India. We expect policy action would continue in form of project clearances coming through (Cabinet Committee on Investments to play key role in

this), establishment of coal price pooling mechanism to enable supply of imported imports to stranded power plants, implementation of State Electricity Board (SEB) reforms etc.As the earnings reporting season is progressing, we are witnessing more positive surprises than negative ones, leading to net positive revision in earnings. This is in line with our view that earnings growth is likely to see an upward trajectory going forward. Further, RBI’s decision to reduce Repo rate and CRR by 25 bps each should also help lower interest rates for borrowers and eventually provide some relief on corporates’ bottom lines.Another important point is that equity deals have started picking up as we saw deals totaling $1.1bn during the month. This includes fresh equity raising as well as stake sales. As per media reports there is a strong deals pipeline for the next 2 months. We think this would help repair some of the broken balance sheets and provide capital for growth to the corporate sector.We maintain our positive stance in equity markets for the year and beyond. The returns would be governed by earnings growth revival. The trajectory is unlikely to be linear as market sentiments may oscillate with policy actions or events. As we have seen any such volatility presents opportunity to pick up stocks at attractive levels, investors should allocate incremental capital to equities in such situations. This is part of market psyche where the effect of such transient issues diminishes over medium term and the market eventually resumes its trajectory towards underlying earnings growth.

Domestic Growth Outlook As we complete the first month of 2013, our base case remains that GDP growth in 2013 will pick-up to 6.5% from the 5-5.5% GDP growth we expect in 2012. The biggest comfort we draw in this conclusion is that India’s industrial growth as reflected by IIP seems to have bottomed out. After averaging close to 0% in the Mar’12-Sep’12 (on a 3mma basis), 3mma IIP has picked up to 2.4% in Nov’12. Moreover, we expect the reforms initiative started by the current finance minister in Sep’12 to further boost the industrial cycle. According to us, the most important reform in the last few months from a growth perspective is the formation of a Cabinet Committee on Investments (CCI) which can help resolve the almost 8 trillion rupees worth of large projects (based on CMIE data) that have been stalled due to environmental and regulatory clearances. On a fundamental level, there are 2 key reasons why we expect growth to pick-up in CY 2013. Firstly, the reforms momentum initiated by the government which can help restart the investment cycle of the country and resolve the backlog of stalled projects. Secondly, we believe RBI will be cutting rates by 50-75bps in CY 2013. And this will have a positive effect on GDP growth by boosting consumption. RBI has already started this cycle by a 25bps rate cut in January 2013. Unfortunately, if the CAD (current account deficit) and fiscal deficit of the country were not in such a bad state, the central bank could have taken much more stronger steps in re-invigorating growth.That said, we remain cognizant of incoming data and are always on the look-out for data that might challenge our above view. For example, some of the recent data points such as January PMI data and December credit growth are concerning from a growth perspective. Moreover, RBI in its latest monetary policy talked about continued slowdown in the services sector – a key reason RBI has downgraded FY13 GDP growth to 5.5% from its earlier estimate of 5.8%. Finally, we are closely watching the fiscal consolidation efforts by the government which also have a short term negative effect on growth.Overall, we retain our view that growth can recover to 6.5% in 2013 but are closely watching the economic trends that might change our forecast.Domestic Inflation OutlookOne of the key economic puzzles for us in 2012 was the stubbornness in India’s inflation. Despite a dramatic slowdown in growth from the 9.3% in FY11 to 5.3-5.4% in first 6 months of FY13, our wholesale price index (WPI) remained pretty range bound in 7.5-8% range for the first 9 months of the year. But finally, there are some positive signs emerging on the inflation picture. WPI has moderated to 7.18% in Dec’12 after averaging 7.63% in the first 9 months of 2012. Moreover, we expect inflation to moderate further to ~6.5% by Mar 2013 and average 6.5-7% for CY 2013.Historically, India’s inflation has had a very strong correlation with global commodity prices. In this regard, the fact that global commodity prices have remained range-bound despite the significant quantitative easing programs announced by western central banks (US federal reserve has committed itself to expand its balance sheet by ~$1 trillion in 2013) is a significant positive for our inflation picture. Another big positive is that the growth slowdown should have resulted in excess capacity In the economy – thus mitigating inflationary forces in the economy.One key point to note here is that increase in diesel prices (the steps announced by government recently) are a significant positive for the economy even though there may be a 50-75bps incremental impact on inflation of the diesel price hikes in the short run. Diesel price hikes are a significant positive because it releases our suppressed inflation and thus removes one of RBI’s key concerns regarding lowering interest rates.

Debt Investment Outlook

Debt Market Outlook After WPI printed 7.18% in mid January 2013, significantly lower than market consensus and much below RBI’s own fan chart on inflation, gilts rallied and 10 year benchmark briefly touched 7.80% in expectation that RBI may cut repo rate by 50 bps. However after this brief euphoria, market woke up to the hawkish comments from RBI governor on still elevated level of inflation in the economy. These comments spooked the bond markets and reduced the possibility of RBI doing anymore cut than 25 bps on repo. In the monetary policy, the RBI did stick to only 25 bps cut in repo and also delivered 25 bps cut in CRR. In its post policy con-call and post policy interaction with media, RBI expressed its discomfort on the level of current account deficit (CAD) of the country, something that had made us equally worried in the recent past especially after seeing 5.4% CAD in Q2FY13 especially at a time when domestic growth has slowed down significantly. With CAD ruling very high, inflation expected to hover around 6.5%-7% in 2013 and domestic growth bottoming out, we feel it is a highly unlikely that the RBI will deliver aggressive rate cuts in this cycle something that was seen during 2001-03 and 2009-10. We believe that terminal repo rate in this interest cycle, may at best be 7.25% and that this repo rate will be visible not before H2CY13. The anomaly is that by the time the terminal repo rate will drop to 7.25% the worries on fiscal account due to nearing General Election would begin to resurface. We may see the ruling party being aggressive on social spending (e.g. a big push on food security bill) going into election, we may see some of the current reforms being halted (e,g, a halt in monthly Diesel price hikes) or even unwound.Overall CY13 will be a year of 2 halves. In the first half we will have lot of good news on fiscal front, on reforms front and bit on monetary policy front but it is difficult to say how many of these fiscal measures will stay as the General election approaches.In the last 1 year, 10yr gilt has rallied by almost 100 bps. We were at 8.78% in April 2012 and touched 7.80% in Jan 2013. Of this 100 bps, almost 40 bps rally was witnessed in Dec-Jan itself. If you can recall, we had given a call in the month of August when 10 year Gsec was hovering at around 8.25%, that 10 yr yield will go to 7.50%. Of the 75 bps rally that we had talked about, 45bps panned out by Jan 2013. In all our duration portfolios, viz; Dynamic Bond Fund (DBF), Income Plus (BIP) and Govt. Securities Fund – LT we played this rally with a very high level of conviction. At peak our exposure to gilts/ SDLs (SLR securities) across our duration funds was much higher compared to many of our competitors. In DBF we had a peak exposure of 23%, in Income Plus the exposure was 86% and in our gilt funds the exposure was 95% to SLR securities. We also played this rally chiefly through gilts than through SDLs. We reduced our exposure to gilts across our funds in 7.80-84% yield band. This is because with sharp rally already behind us, quantum of balance rate cut being small and timing of rate cuts being well spaced out, we believe it may not be possible for 10 year to go near 7.50% anytime soon. From here till April, we do not see any great triggers that may result into another 20-40 bps rally. At best the market may stay range bound between 7.80-8% till April 2013. Going forward, increase in duration in our funds will be based on evolving macro-economic developments and market technicalities. In our DBF, Short Term Fund (STF) and our other ultra short term funds, we are readying ourselves to play yield curve inversion going into March. We will play this opportunity in BIP too, while taking tactical calls in GOIs/ SDLs/ Corporate bonds as and when the opportunity arises. Our advice to investors would be to stay invested in duration funds at this point of time as we believe another 25-50 bps repo cut is a good possibility; however we would like to caution our investors that the past performance, especially the recent one may not be repeated as we pass through a tumultuous period going ahead.

03

Savings SolutionsWhat are Saving Solutions?

Our Savings Solutions are aimed at preserving your money, providing you with liquidity and giving you superior tax-efficient returns compared to bank accounts and FDs.

Who can benefit from Saving Solutions?

This is an ideal solution for investors who have low - medium propensity for risk and high liquidity. These can be ideal for first time investors in mutual funds.

Regular Income SolutionsWhat are Regular Income Solutions?

Our Regular Income Solutions aim to preserve your money and provide regular income.

Who can benefit from Regular Income Solutions?

This is an ideal solutions for investors who are interested in alternative modes of regular income, either in present of after retirement stage, and have low propensity for risk. (Regular income is not assured & is subject to availability of distributable surplus.)

Wealth Creation SolutionsWhat are Wealth Creation Solutions?

Our Wealth Creation Solutions aim to grow your money through equity/gold investments and are available in a range of conservative to aggressive options.

Who can benefit from Wealth Creation Solutions?

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

Tax Savings SolutionsWhat are Tax Savings Solutions?

Our Tax Savings Solutions help to reduce your tax burden and at the same time, aim to grow your money through equity investments.

Who can benefit from Tax SavingsSolutions?

Tax saving is important, especially when investors can save up to ` 30,900 in taxes! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing the taxable income by up to ` 1 lakh.But, wealth creation is also important. Isn’t it? That’s why this solution is ideal for investors who would like to create wealth along with tax saving.Tax savings of ` 30,900 is calculated assuming qualifying amount of deduction is ` 1 lakh & investor falls in the top income tax slab of 30% & includes applicable cess. Investors are advised to consult their tax advisor in view of individual nature of tax benefits.Further, Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.

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

04

Savings Solutions

What are Saving Solutions?

Our Savings Solutions are aimed at preserving your money, providing you with liquidity and giving you superior tax-efficient returns compared to bank accounts and FDs.

Who can benefit from SavingSolutions?

This is an ideal solution for investors who have low - medium propensity for risk and high liquidity. These can be ideal for first time investors in mutual funds.

Benefits of Savings Solutions:

Make Inflation work in your favour: Inflation affects your returns from any investment including mutual funds. But, in case of savings solutions, you can use it to your advantage - through indexation - which can help you reduce the amount on which you have to pay tax. You can benefit from indexation, if investing for more than 1 year. Please consult your tax advisor on how to take advantage of indexation.

Aim to preserve your money: These schemes generally invest in instruments like bonds of reputed Indian companies and securities (bonds) issued by the Government of India which are considered relatively safe.

Aim to provide Liquidity: If you need to withdraw your money, all you have to do is submit a redemption slip and your money is normally credited to your bank account within one working day. You may also opt for an online redemption facility offered by many fund houses for added convenience.

Tax-efficient returns: You can earn returns in the form of monthly / quarterly dividends etc. which are completely tax-free in your hands. A dividend distribution tax of 13.519% is applicable and is deducted by the fund house.

There are various savings solutions available depending on the time period that you would like to invest for: a. 1 day to 3 months b. 3 to 6 months c. 6 months to 1 year d. 1 year +

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

Birla Sun Life Cash Plus

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

Fund Details

As on January 31, 2013

Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 5 years & 7 yearsDate of inception: June 16, 1997Nature of the scheme: An Open-ended Liquid Scheme

NAV of Plans / Options (`)^ Retail PlanGrowth: 302.4945 Dividend: 163.6940 Institutional PlanGrowth: 309.6756 Dividend: 108.0230 Weekly Dividend: 108.1397 Regular Plan$

Growth: 185.2987 Daily Dividend: 100.1950 Weekly Dividend: 100.2936Direct Plan$ Growth: 185.3065 Daily Dividend: 100.1950 Weekly Dividend: 100.2940

Benchmark: CRISIL Liquid Fund Index

Load Structure (as % of NAV)Entry Load: NilExit Load: Nil

Other Parameter Modified Duration : 0.09 yearsYield to Maturity: 8.52%Standard DeviationRetail Plan: 0.56%Institutional Plan: 0.56%Regular Plan: 0.53%

05

SAVINGS SOLUTIONS

Conservative Returns Low Risk 1 day + High Liquidity

^The Face Value per unit of all the plans/ options under Birla Sun Life Cash Plus has been changed from `.10/- to `.100/- effective from October 07, 2011

Date of Inception: June 16, 1997 NAV Per Unit. *

(`)

Birla Sun Life Cash Plus (%)

CRISIL Liquid

Fund Index # (%)

CRISIL 1Year T-BillIndex ##

(%)

Value of Standard Investment of ` 10000 in

Birla Sun Life Cash Plus (`)

CRISIL Liquid

Fund Index # (`)

CRISIL 1Year T-Bill

Index ## (`)

Since inception till December 31, 2012 (CAGR) 100.0000 7.32 N/A N/A 30049 N/A N/A

December 30, 2011 to December 31, 2012 (Absolute) 275.6025 9.03 8.54 8.11 10903 10854 10811



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 71. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

Rating Profile of Portfolio

Issuer % to net Assets Rating Issuer % to net Assets Rating

Housing Development Finance Corporation Ltd. 13.45% [ICRA] A1+ IndusInd Bank Ltd. 2.19% CRISIL A1+

Punjab National Bank 7.28% CARE A1+ Indian Oil Corporation Ltd. 2.09% [ICRA] A1+

Canara Bank 5.27% CRISIL A1+ L&T Finance Ltd. 1.88% CARE A1+

Sterlite Energy Ltd. 3.65% CRISIL A1+ State Bank of Patiala 1.72% [ICRA] A1+

Axis Bank Ltd. 2.56% CRISIL A1+ Kotak Mahindra Bank Ltd. 1.58% CRISIL A1+

Top Ten Portfolio Holdings

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

Investment Performance - Retail Plan - Growth NAV as on December 31, 2012: ` 300.4877

$These Plan/Options continue for fresh subscriptions under the scheme. ‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

70.19%

29.81%

AAA Cash & Current Assets

06

Birla Sun Life Cash Manager


Fund Details


Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 5 years & 7 yearsDate of inception:Retail Plan: May 14, 1998Institutional Plan: September 27, 2004Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)^Regular Plan$

Growth: 279.2450 Daily Dividend: 100.1158 Weekly Dividend: 100.0456Institutional PlanGrowth: 194.2503 Daily Dividend: 100.0681 Weekly Dividend: 100.0511 Direct Plan$

Growth: 279.4830 Daily Dividend: 100.1575 Weekly Dividend: 100.0845

Benchmark: CRISIL Short Term Bond Fund Index

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: Nil

Other ParameterModified Duration: 0.13 yearsYield to Maturity: 8.64%Standard Deviation:Regular Plan: 0.53%Institutional Plan: 0.54%

SAVINGS SOLUTIONS


^The Face Value per unit of all the plans/ options under Birla Sun Life Cash Manager has been changed from `.10/- to `.100/- effective from October 07, 2011

Date of Inception: May 14, 1998 NAV Per Unit. *

(`)

Birla Sun Life Cash

Manager (%)

CRISIL Short Term Bond Fund

Index # (%)


(%)


Birla Sun Life Cash Manager

(`)

CRISIL Short Term Bond Fund Index # (`)

CRISIL 1 Year

T-Bill Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 71. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.



Housing Development Finance Corporation Ltd. 10.29% [ICRA] A1+ Standard Chartered Investments And Loans (India) Ltd. 3.68% CRISIL A1+

Canara Bank 4.88% CRISIL A1+ Indiabulls Financial Services Ltd. 3.08% CRISIL A1+

State Bank Of Patiala 4.58% [ICRA] A1+ L&T Fincorp Ltd. 3.06% CARE A1+

Bank of India 4.57% CRISIL A1+ Ratnakar Bank 3.04% [ICRA] A1+

Steel Authority of India Ltd. 3.96% FITCH A1+ Tata Teleservices Ltd. 3.04% CARE A1+



Investment Performance - Regular Plan - Growth NAV as on December 31, 2012: ` 277.3418


73.94%

24.11% 1.96%

AAA Cash & Current Assets AA

07

Birla Sun Life Savings Fund


Fund Details

Fund Manager: Mr. Kaustubh GuptaManaging Fund Since: July 15, 2011Total Experience: 5 yearsDate of inceptionRetail Plan: November 27, 2001Institutional Plan: April 16, 2003Nature of the scheme: An Open-ended Short Term Income Scheme

NAV of Plans / Options (`)^Retail PlanGrowth: 214.2100 Daily Dividend: 100.0948 Weekly Dividend: 100.0777 Regular Plan$

Growth: 220.7499 Daily Dividend: 100.0948 Weekly Dividend: 100.0807 Direct Plan$




Other ParameterModified Duration: 0.15 yearsYield to Maturity: 8.70%Standard DeviationRetail Plan: 0.55%Regular Plan: 0.52%

SAVINGS SOLUTIONS



^The Face Value per unit of all the plans/ options under Birla Sun Life Savings Fund has been changed from `.10/- to `.100/- effective from October 07, 2011

Date of Inception: Nov 27, 2001 NAV Per Unit. *

(`)

Birla Sun Life Savings

Fund (%)


Index # (%)


(%)


Birla Sun Life Savings Fund (`)


CRISIL 1Year T-Bill

Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Kaustubh Gupta is 71. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.



Housing Development Finance Corporation Ltd. 8.82% [ICRA] A1+ Kotak Mahindra Bank Ltd. 4.04% CRISIL A1+

Shriram Transport Finance Company Ltd. 4.76% CRISIL AA Bharat Aluminium Company Ltd. 3.86% CRISIL A1+

ICICI Bank Ltd. 4.74% [ICRA] A1+ IL&FS Financial Services Ltd. 3.44% FITCH A1+

Housing Development Finance Corporation Ltd. 4.71% CRISIL AAA Andhra Bank 3.09% CARE A1+

Axis Bank Ltd. 4.16% CRISIL A1+ Indian Oil Corporation Ltd. 2.93% [ICRA] A1+





66.51%

22.92% 10.57%

AAA Cash & Current Assets AA

08

Birla Sun Life Ultra Short Term Fund

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

Fund Details


Fund Manager: Mr. Kaustubh Gupta & Mr. Lokesh MallyaManaging Fund Since: September 29, 2009Total Experience: 5 years & 5 yearsDate of inception: April 19, 2002Nature of the scheme: An Open-ended Short Term Income Scheme

NAV of Plans / Options (`)^Retail PlanGrowth: 208.5888 Daily Dividend: 100.0550 Fortnightly Dividend: 103.8308 Regular Plan$

Growth: 138.4539 Daily Dividend: 100.0550 Weekly Dividend: 101.7464 Fortnightly Dividend: 102.9766 Direct Plan$

Growth: 138.4652 Daily Dividend: 100.0550 Weekly Dividend: 101.7470 Fortnightly Dividend: 102.9778


Load Structure (as % of NAV) (Incl. for SIP)Entry Load : NilExit Load : Nil

Other ParameterModified Duration: 0.11 yearsYield to Maturity: 8.37%Standard Deviation: 0.52%

SAVINGS SOLUTIONS

Conservative Returns Low-Medium Risk 1 month + High Liquidity

Date of Inception: April 19, 2002 NAV Per Unit. *

(`)

Birla Sun Life Ultra

Short Term Fund (%)


Index # (%)


(%)


Birla Sun Life Ultra

Short Term Fund (`)


CRISIL 1 Year

T-Bill Index ## (`)

Since inception till December 31, 2012 (CAGR) 100.0000 7.03 6.57 5.41 20706 19759 17581




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Kaustubh Gupta is 71. Total Schemes managed by Mr. Lokesh Mallya is 2. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

^The Face Value per unit of all the plans/ options under Birla Sun Life Ultra Short Term Fund has been changed from `.10/- to `.100/- effective from October 07, 2011



Vijaya Bank 13.77% CARE A1+ ICICI Bank Ltd. 3.49% CRISIL AAA

Housing Development Finance Corporation Ltd. 12.49% [ICRA] A1+ State Bank Of Patiala 3.03% [ICRA] A1+

Axis Bank Ltd. 6.59% CRISIL A1+ IndusInd Bank Ltd. 3.02% CRISIL A1+

Ratnakar Bank 6.03% [ICRA] A1+ Indian Bank 3.01% FITCH A1+

IDBI Bank Ltd. 6.00% CRISIL A1+ Punjab National Bank 3.00% CARE A1+





67.07%

32.93%


09

Birla Sun Life Dynamic Bond Fund

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

Fund Details

Fund Manager: Mr. Maneesh DangiManaging Fund Since: September 12, 2007Total Experience: 11 yearsDate of inception: September 27, 2004Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)Regular Plan Growth: 19.5868 Monthly Dividend: 10.5324 Quarterly Dividend: 11.5105Direct Plan$

Growth: 19.5932 Monthly Dividend: 10.5359 Quarterly Dividend: 11.5143

Benchmark: CRISIL Composite Bond Fund Index

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption / switch-out of units within 180 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 180 days from the date of allotment: Nil. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.


SAVINGS SOLUTIONS

Conservative Returns Low-Medium Risk 9 month + High Liquidity


Date of Inception: Sept 27, 2004 NAV Per Unit. *

(`)

Birla Sun Life Dynamic Bond Fund

(%)

CRISIL Composite Bond Fund

Index # (%)

CRISIL 10Year Gilt

Index ## (%)


Birla Sun Life Dynamic

Bond Fund (`)

CRISIL Composite Bond Fund Index # (`)

CRISIL 10Year Gilt

Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Maneesh Dangi is 2. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.



Power Finance Corporation Ltd. 7.78% [ICRA] AAA,CRISIL AAA Oriental Bank of Commerce 3.58% CRISIL A1+

National Bank for Agriculture & Rural Development 6.86% CRISIL AAA Indian Oil Corporation Ltd. 2.86% [ICRA] A1+

Housing Development Finance Corporation Ltd. 5.59% CRISIL AAA Shriram Transport Finance Company Ltd. 2.84% CRISIL AA

LIC Housing Finance Ltd. 4.15% CRISIL AAA IDBI Bank Ltd. 2.78% CRISIL AA+

Andhra Bank 4.14% CARE A1+ Power Finance Corporation Ltd. 2.65% CRISIL A1+




$‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com

62.35% 20.92%

8.06% 6.35% 2.32%

AAA AACash & Current Assets SovereignBelow AA

10

Birla Sun Life Medium Term Plan

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

Fund Details


Fund Manager: Rohit Murarka Managing Fund Since: January 02, 2013Total Experience: 7 yearsDate of inception: March 25, 2009Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)Regular Plan$

Growth: 13.5623 Quarterly Dividend: 10.2781 Half Yearly Dividend: 10.6824 Dividend: 10.8396 Institutional PlanGrowth: 13.1665 Quarterly Dividend: 10.2523 Half Yearly Dividend: 10.6844Direct Plan$

Growth: 13.5656 Quarterly Dividend: 10.2806 Half Yearly Dividend: 10.6845 Dividend: 10.8423


Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For redemption / switch-out of units within 365 days from the date of allotment: 2.00% of applicable NAV. For redemption / switch- out of units after 365 days but before 730 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 730 days from the date of allotment: Nil. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterModified Duration: 0.80 yearsYield to Maturity: 10.12%Standard Deviation:Institutional Plan: 1.09%

SAVINGS SOLUTIONS

Date of Inception: Mar 25, 2009 NAV Per Unit. *

(`)

Birla Sun Life Medium

Term Plan (%)


Index # (%)

CRISIL 10Year GiltIndex ##

(%)


Birla Sun Life Medium

Term Plan (`)


CRISIL 10Year Gilt

Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Maneesh Dangi is 2. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.



Andhra Bank 13.27% CARE A1+ Floreat Investments Ltd(backed by guarantee of Shapoorji Pallonji & Co) 5.84% [ICRA] AA+

TRIL Infopark Ltd. 10.51% BWR A(SO) Tata Motors Finance Ltd. 5.56% CRISIL AA-

Shapoorji Pallonji Infra Capital Co. Ltd 10.16% [ICRA] A1+ Piramal Enterprises Ltd. 4.54% [ICRA] A1+

Jay Properties Ltd. 9.18% BWR A-(SO) Power Finance Corporation Ltd. 4.53% CRISIL A1+

RHC Holding Private Ltd. 8.58% BWR A1(SO) Shriram Transport Finance Company Ltd. 4.09% CRISIL AA

Top Portfolio Holdings


Conservative Returns Low-Medium Risk 2 yrs+ High Liquidity



36.04%

29.08%

22.16% 12.72%

AAA AA Below AA Cash & Current Assets

11

Birla Sun Life Income Plus

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

Fund Details


Fund Manager: Mr. Prasad DhondeManaging Fund Since: January 11, 2010Total Experience: 11 yearsDate of inception: October 21, 1995Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)Regular Plan Growth: 52.5955 Quarterly Dividend: 12.6953 Direct Plan$

Growth: 52.6081 Quarterly Dividend: 12.6984


Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: For redemption / switch-out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil.


SAVINGS SOLUTIONS

Moderate Returns Medium Risk 1 yr + High Liquidity

Date of Inception: Oct 21, 1995 NAV Per Unit. *

(`)

Birla Sun Life Income

Plus (%)


Index # (%)

CRISIL 10Year Gilt

Index ## (%)


Birla Sun Life Income Plus (`)


CRISIL 10Year Gilt

Index## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When additional benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Prasad Dhonde is 16. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.



Government Of India 42.68% Sovereign 8.60% Kerala SDL 23-Jan-2023 4.61% Sovereign

Indian Oil Corporation Ltd. 12.75% [ICRA] A1+ Corporation Bank 4.56% CRISIL A1+

8.59% Andhra Pradesh SDL 23-Jan-2023 8.11% Sovereign ING Vysya Bank Ltd. 3.69% CRISIL A1+

Bank of India 7.30% CRISIL A1+ Oriental Bank of Commerce 2.75% CRISIL A1+

Bharat Petroleum Corporation Ltd. 5.47% CRISIL A1+ Tata Sons Ltd. 1.91% CRISIL AAA



Investment Performance - Growth NAV as on December 31, 2012: ` 51.6035


55.40%

41.56%

2.14% 0.89%

Sovereign AAA AA Cash & Current Assets

12

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

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

Fund Details


Fund Manager: Mr. Prasad DhondeManaging Fund Since: July 01, 2011Total Experience: 11 yearsDate of inception: March 3, 1997Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)Regular Plan Growth: 42.8181 Monthly Dividend: 11.6596 Direct Plan$

Growth: 42.8216 Monthly Dividend: 11.6607


Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For Redemption / Switch- out of units within 30 days from the date of allotment: 0.50% of applicable NAV. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.


SAVINGS SOLUTIONS

Moderate Returns Medium Risk 6 month + High Liquidity

Date of Inception: March 3, 1997 NAV Per Unit. *

(`)

Birla Sun Life Short Term Fund

(%)


Index # (%)

CRISIL 10Year Gilt

Index ## (%)


Birla Sun Life Short Term Fund

(`)


CRISIL 10Year Gilt

Index ## (`)



December 31, 2010 toDecember 30, 2011 (Absolute) 35.0751 9.53 6.90 1.91 10953 10690 10191


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Prasad Dhonde is 16. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.



National Housing Bank 10.52% FITCH AAA,CRISIL AAA LIC Housing Finance Ltd. 6.32% CRISIL AAA

8.58% KarSDL 25-Oct-2016 7.89% Sovereign Power Finance Corporation Ltd. 6.30% CRISIL A1+

Housing Development Finance Corporation Ltd. 7.40% [ICRA] AAA,CRISIL AAA Indian Oil Corporation Ltd. 6.26% [ICRA] A1+

IDFC Ltd. 6.78% [ICRA] AAA National Bank for Agriculture & Rural Development 4.46% CRISIL AAA

Power Finance Corporation Ltd. 6.70% [ICRA] AAA,CRISIL AAA Government Of India 4.21% Sovereign


Note:Standard Deviation is calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer.



73.85%

12.11% 8.63%

5.41%

AAA Sovereign Cash & Current Assets AA

13

Birla Sun Life Floating Rate Fund - Long Term Plan

What is it?A fund that aims to generate income by investing substantially into floating rate debt/money market instruments.

Fund Details


Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 5 years & 7 yearsDate of inception: June 05, 2003Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)^Retail PlanGrowth: 199.3438 Weekly Dividend: 100.0116 Regular Plan$

Growth: 137.5025 Daily Dividend: 100.1581 Weekly Dividend: 100.0125Direct Plan$ Growth: 137.5137 Daily Dividend: 100.1583 Weekly Dividend: 100.0130


Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: Nil ** Exit Load is NIL for units issued in Bonus & Dividend Reinvestment


SAVINGS SOLUTIONS

Conservative Returns Low Risk 1 month + High Liquidity

^The Face Value per unit of all the plans/ options under Birla Sun Life Floating Rate Fund – Long Term Plan has been changed from ` 10/- to ` 100/- effective from October 07, 2011


(`)

Birla Sun Life Floating Rate Fund - Long Term Plan (%)

CRISIL Liquid

Fund Index # (%)

CRISIL 1Year T - Bill

Index ## (%)


Birla Sun Life Floating

Rate Fund - Long

Term Plan (`)

CRISIL Liquid

Fund Index # (`)


Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 71. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.



Oriental Bank of Commerce 8.69% CRISIL A1+ Shapoorji Pallonji & Company Ltd. 4.63% [ICRA] A1+Standard Chartered Investments And Loans (India) Ltd. 7.74% CRISIL A1+ Allahabad Bank 4.36% [ICRA] A1+,

CRISIL A1+Axis Bank Ltd. 7.49% CRISIL A1+ Piramal Enterprises Ltd. 3.96% [ICRA] A1+

LIC Housing Finance Ltd. 5.98% CRISIL AAA Andhra Bank 3.93% CARE A1+

Sesa Goa Ltd. 5.60% CRISIL A1+ Housing Development Finance Corporation Ltd. 3.88% [ICRA] A1+





75.47%

24.53%


14

Birla Sun Life Floating Rate Fund - Short Term Plan

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

Fund Details


Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 5 years & 7 yearsDate of inception: June 05, 2003Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)^Retail PlanGrowth: 190.0087 Daily Dividend: 100.0150 Weekly Dividend: 103.8143 Regular Plan$

Growth: 153.6842 Daily Dividend: 100.0200 Weekly Dividend: 100.1453Direct Plan$



Load Structure (as % of NAV)Entry Load: NilExit Load**: Nil ** Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.


SAVINGS SOLUTIONS

Conservative Returns Low-Medium Risk 1 day + High Liquidity

^The Face Value per unit of all the plans/ options under Birla Sun Life Floating Rate Fund – Short Term Plan has been changed from `.10/- to `.100/- effective from October 07, 2011


(`)

Birla Sun Life Floating Rate Fund - Short Term

Plan (%)

CRISIL Liquid

Fund Index # (%)


Index ## (%)


Birla Sun Life Floating

Rate Fund - Short

Term Plan (`)

CRISIL Liquid

Fund Index # (`)

CRISIL 1Year T - BillIndex ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 71. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.



Sterlite Energy Ltd. 12.47% CRISIL A1+ Housing Development Finance Corporation Ltd. 3.89% [ICRA] A1+

Bank of Maharashtra 9.34% CRISIL A1+ State Bank Of Patiala 3.34% [ICRA] A1+

Indiabulls Financial Services Ltd. 8.90% CRISIL A1+ JM Finanical Products Ltd. 3.25% CRISIL A1+

Punjab National Bank 8.37% CARE A1+ ECL Finance Ltd. 3.24% CRISIL A1+

Axis Bank Ltd. 4.82% CRISIL A1+ Edelweiss Financial Services Ltd. 3.24% CRISIL A1+





74.44%

25.56%


15

Birla Sun Life Gilt Plus

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


Fund Manager: Mr. Prasad DhondeManaging Fund Since: July 01, 2011Total Experience: 11 yearsDate of inception: October 12, 1999Nature of the scheme: An Open-ended Government Securities SchemeNAV of Plans / Options (`) Liquid Plan:Regular Plan Growth: 25.6657 Dividend: 10.7517 Annual Dividend Option: 10.8596Direct Plan$ Growth: 25.6709 Annual Dividend: 10.8619 Quarterly Dividend: 10.7538 PF Plan:Regular Plan Growth: 30.5977 Dividend: 11.5161Direct Plan$ Growth: 30.6077 Quarterly Dividend: 11.5197 Regular Plan:Regular Plan Growth: 36.6419 Dividend: 12.4888 Direct Plan$ Growth: 36.6494 Quarterly Dividend: 12.4912 Benchmark: Liquid Plan: I-Sec SI-BEXPF Plan: I-Sec LI-BEXRegular Plan: I-Sec LI-BEX

Load Structure (as % of NAV) (Incl .for SIP)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 Load is NIL for units issued in Bonus & Dividend Reinvestment.Other Parameter Modified Duration: Liquid Plan: 0.01 yearsPF Plan: 4.69 years Regular Plan: 5.83 years Yield to Maturity: Liquid Plan: 7.96%PF Plan: 7.94%Regular Plan: 7.88% Standard Deviation: Liquid Plan: 0.95% PF Plan: 2.47%Regular Plan: 2.67% Note:Standard Deviation is calculated on annualised basis using 3 year history of monthly returns, source: MFI Explorer.

Top Portfolio Holdings - Liquid PlanIssuer % to net Assets Rating Issuer % to net Assets Rating182 D TBills 29Mar13 59.81% Sovereign 8.20% GOI - 24-Sep-2025 48.59% SovereignCash & Current Assets 40.19% 364 Day T-Bill 22-February-13 44.48% Sovereign

Cash & Current Assets 6.93%

Top Portfolio Holdings - PF Plan

SAVINGS SOLUTIONS


Liquid Plan PF Plan Regular PlanRating Profile of Portfolio

Issuer % to net Assets Rating8.15% GOI - 11-Jun-2022 87.71% SovereignCash & Current Assets 12.29%

Top Portfolio Holdings - Regular Plan

Fund Details


(`)

Birla Sun Life Gilt Plus- Liquid Plan

(%)

I-Sec SI-BEX # (%)

CRISIL 1 Year

T-Bill Index ## (%)


Birla Sun Life Gilt

Plus - Liquid Plan (`)

I-Sec SI-BEX # (`)

CRISIL 1 YearT-Bill Index

## (`)





Investment Performance - Liquid Plan - Growth NAV as on December 31, 2012: ` 25.4982


(`)

Birla Sun Life Gilt Plus- PF

Plan (%)

I-Sec LI-BEX # (%)

CRISIL 10 Year

Gilt Index ## (%)


Birla Sun Life Gilt Plus- PF Plan (`)

I-Sec LI-BEX # (`)

CRISIL 10 Year

Gilt Index ## (`)





Investment Performance - PF Plan - Growth NAV as on December 31, 2012: ` 29.9748


(`)

Birla Sun Life Gilt Plus -

Regular Plan (%)

I-Sec LI-BEX # (%)

CRISIL 10 Year

Gilt Index ## (%)


Birla Sun Life Gilt

Plus- Regular Plan (`)

I-Sec LI-BEX # (`)

CRISIL 10 Year

Gilt Index ## (`)








59.81%

40.19%

Sovereign Cash & Current Assets

93.07%

6.93%


87.71%

12.29%


Birla Sun Life Government Securities Fund

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


Fund Details

Fund Manager: Mr. Prasad DhondeManaging Fund Since: October 03, 2012Total Experience: 11 yearsDate of inception: October 28, 1999Nature of the scheme: An Open-ended Gilt Scheme

NAV of Plans / Options (`)Long Term Plan:Regular PlanGrowth: 34.0802 Half Yearly Dividend: 11.9317 Direct Plan$ Growth: 34.0886 Dividend: 11.9346 Short Term Plan:Regular PlanGrowth: 21.7190 Daily Dividend: 10.0031 Direct Plan$ Growth: 21.7224 Benchmark:Long Term Plan: I-Sec LI-BEXShort Term Plan: I-Sec SI-BEX

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**:Long Term Plan: 1% if redeemed / switched out within 365 days from the date of allotment.Short Term Plan: Nil **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterModified Duration:Long Term Plan: 5.31 yearsShort Term Plan: 0.01 yearsYield to Maturity:Long Term Plan: 7.96%Short Term Plan: 7.96%Standard Deviation:Long Term Plan: 3.07%Short Term Plan: 0.56%


Issuer % to net Assets Rating Issuer % to net Assets Rating364 Day T-Bill 22-February-13 39.77% Sovereign 182 D TBills 29Mar13 44.61% Sovereign8.20% GOI - 24-Sep-2025 25.29% Sovereign Cash & Current Assets 55.39%8.33% GOI - 09-Jul-2026 19.75% SovereignCash & Current Assets 7.41%8.97% GOI - 05-Dec-2030 6.11% Sovereign8.92% TN SDL - 08-Aug-2022 1.16% Sovereign8.83% GOI - 12-Dec-2041 0.52% Sovereign

Top Portfolio Holdings - Long Term Plan Top Portfolio Holdings - Short Term Plan

SAVINGS SOLUTIONS



(`)

Birla Sun Life

Government Securities

Fund - Long Term Plan

(%)

I-Sec LI-BEX # (%)

CRISIL 10Year Gilt

Index ## (%)


Birla Sun Life


Fund - Long Term Plan

(`)

I-Sec LI-BEX # (`)


(`)





16


Investment Performance - Long Term Plan - Growth NAV as on December 31, 2012: ` 33.3758


(`)

Birla Sun Life


Fund - Short Term Plan

(%)

I-Sec SI-BEX # (%)


Index ## (%)


Birla Sun Life


Fund - Short Term Plan (`)

I-Sec SI-BEX

# (`)

CRISIL 1Year T - BillIndex ## (`)






Investment Performance - Short Term Plan - Regular Plan - Growth NAV as on December 31, 2012: ` 21.5870

Long Term Plan Short Term Plan


92.59%

7.41%


55.39%

44.61%

Cash & Current Assets Sovereign

17

Birla Sun Life Short Term Opportunities Fund

Fund Details


Fund Manager: Mr. Lokesh Mallya & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 5 years & 7 yearsDate of inception: May 09, 2003Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)*Regular Plan$

Growth: 18.3542 Dividend: 11.7382 Quarterly Dividend: 10.3236Institutional PlanGrowth: 13.4473 Dividend: 12.1595Direct Plan$ Growth: 18.3602 Dividend: 11.7420 Quarterly Dividend: 10.3270 *the dividend options under the scheme have been renamed w.e.f July 02, 2012. Please refer addendum no. 28/2012 dated June 29, 2012 for further details.


Load Structure (as % of NAV) (Incl .for SIP)Entry Load: NilExit Load**: For redemption / switch-out of units within 365 days from the date of allotment: 0.50% of applicable NAV. ** Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.


Note:Standard Deviation Is calculated on Annualised basis using 3 year history of monthly returns, source: MFIExplorer.


(`)

Birla Sun LifeShort Term

OpportunitiesFund (%)

CRISILLiquid

Fund Index # (%)


Index ## (%)


Birla Sun LifeShort Term

OpportunitiesFund (`)

CRISILLiquidFund Index # (`)


Index## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Lokesh Mallya is 2. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

SAVINGS SOLUTIONS

Conservative Returns Low-Medium Risk 1 yr + High Liquidity

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



Andhra Bank 12.94% CARE A1+ TRIL Infopark Ltd. 7.65% BWR A(SO)Floreat Investments Ltd.(backed Shapoorji Pallonji Infrastructure Capital Company Ltd.) 10.41% [ICRA] AA+ RHC Holding Private Ltd. 7.60% BWR A1(SO)

Punjab National Bank 9.42% CARE A1+ Tata Motors Finance Ltd. 5.10% CRISIL AA-

Shapoorji Pallonji Infrastructure Capital Company Ltd. 8.61% [ICRA] A1+ JSW Techno Projects Management Ltd. 3.69% BWR A

Jay Properties Ltd. 8.14% BWR A-(SO) Power Finance Corporation Ltd. 3.62% CRISIL A1+




34.96%

31.43%

21.28% 12.33%

AAA AA Below AA Cash & Current Assets

18

Regular Income Solutions

What are Regular IncomeSolutions?

Our Regular Income Solutions aim to preserve your money and provide regular income.

Who can benefit from Regular Income Solutions?

This is an ideal solutions for investors who are interested in alternative modes of regular income, either in present of after retirement stage, and have low propensity for risk.(Regular income is not assured & is subject to availability of distributable surplus.)

Benefits of Regular Income Solutions:

They aim to preserve your money & provide regular income: These schemes generally invest in instruments like bonds of reputed Indian companies and securities (bonds) issued by the Government of India which are considered relatively safe in order to generate regular income for you.

They aim to fight Inflation: A small part is invested in equity i.e. stocks of Indian companies to help you stay ahead of inflation.

Tax-efficient Returns: You may opt for a monthly dividend option where, in addition to the growth of your invested amount, a portion of the same comes to you as monthly income which is given in the form of dividends. These dividends are completely tax-free in your hands!

A dividend distribution tax of 13.519% is applicable and is deducted by the fund house.

Investors are advised to consult their tax advisor in view of individual nature of tax benefits.Wherever mentioned, Regular Income / Second Income / Monthly Dividend is not assured and is subject to availability of distributable surplus. The Financial Solution (Regular Income Solution) statedabove is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.

19

Birla Sun Life Monthly Income (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.)

What is it?A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets.

Fund Details


Fund Manager: Mr. Satyabrata Mohanty & Mr. Kaustubh GuptaManaging Fund Since: June 18, 2009Total Experience: 12 years & 5 yearsDate of inception: July 14, 1999Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)Regular Plan Growth: 42.1790 Dividend: 11.5824 Quarterly Dividend: 12.1529 Direct Plan$

Growth: 42.2040 Dividend: 11.5875 Quarterly Dividend: 12.1596

Benchmark: CRISIL MIP Blended Index

Load Structure (as % of NAV) (Incl .for SIP)Entry Load: NilExit Load**: 1.00% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterModified Duration: 3.59 yearsYield to Maturity: 8.60%(for Debt Component)Standard Deviation: 2.61%Sharpe Ratio##: -0.08Beta: 0.72

REGULAR INCOME SOLUTIONS


Date of Inception: July 14, 1999 NAV Per Unit. *

(`)

Birla Sun Life Monthly Income (%)

CRISIL MIP Blended Index #

(%)


(%)


Birla Sun Life Monthly

Income (`)

CRISIL MIP Blended

Index # (`)

CRISIL 10Year Gilt

Index## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme.Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Satyabrata Mohanty is 16. Total Schemes managed by Mr. Kaustubh Gupta is 71. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.



IDBI Bank Ltd. 19.95% CRISIL AA+ IDFC Ltd. 4.57% [ICRA] AAA

Power Finance Corporation Ltd. 12.21% CRISIL AAA Tata Sons Ltd. 2.89% CRISIL AAA

Reliance Utilities & Power Private Ltd. 8.37% CARE AAA LIC Housing Finance Ltd. 2.06% CRISIL AAA

8.60% Kerala SDL 23-Jan-2023 6.45% Sovereign ICICI Bank Ltd. 1.03%

Power Grid Corporation of India Ltd. 6.21% CRISIL AAA IndusInd Bank Ltd. 1.02%


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 7.94% (91 day T-bill yield as on Jan 31, 2013).



37.81%

21.70%

19.96%

14.08% 6.45%

AAA Cash & Current Assets AA Other Sovereign

20

Birla Sun Life MIP (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.)


Fund Details


Fund Manager: Mr. Satyabrata Mohanty & Mr. Kaustubh GuptaManaging Fund Since: June 18, 2009Total Experience: 12 years & 5 yearsDate of inception: November 20, 2000Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)Regular Plan Monthly Growth/Payment: 30.7072 Monthly Dividend: 11.5948 Direct Plan$ Monthly Payment: 30.7230 Monthly Dividend: 11.6788 Benchmark: CRISIL MIP Blended Index

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1.00% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterModified Duration: 3.49 yearsYield to Maturity: 8.48%(for Debt Component)Standard Deviation: 3.07%Sharpe Ratio##: -0.01Beta: 0.88




(`)

Birla Sun Life MIP (%)


(%)


(%)


Birla Sun Life MIP

(`)

CRISIL MIP Blended

Index # (`)

CRISIL 10Year Gilt

Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme.Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Satyabrata Mohanty is 16. Total Schemes managed by Mr. Kaustubh Gupta is 71. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.



IDBI Bank Ltd. 16.18% CRISIL AA+ Power Grid Corporation of India Ltd. 3.63% CRISIL AAA

Power Finance Corporation Ltd. 11.71% CRISIL AAA LIC Housing Finance Ltd. 2.20% CRISIL AAA

8.60% Kerala SDL 23-Jan-2023 7.28% Sovereign IndusInd Bank Ltd. 1.08%

Reliance Utilities & Power Private Ltd. 7.28% CARE AAA City Union Bank Ltd. 0.79%

Government Of India 6.53% Sovereign Small Industries Development Bank of India 0.74% CARE AAA





30.15%

26.29% 16.18%

13.81% 13.58%

Cash & Current Assets AAA AA Sovereign Other


Power Finance Corporation Ltd. 15.86% CRISIL AAA Tata Capital Financial Services Ltd. 3.25% CARE AA+

IDBI Bank Ltd. 13.63% CRISIL AA+ Reliance Utilities & Power Private Ltd. 1.29% CARE AAA

Government Of India 9.82% Sovereign The South Indian Bank Ltd. 1.16%

LIC Housing Finance Ltd. 6.23% CRISIL AAA Axis Bank Ltd. 1.14%

Yes Bank Ltd. 5.65% [ICRA] AA State Bank of India 1.13%


21

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


Fund Details


Fund Manager: Mr. Satyabrata Mohanty & Mr. Kaustubh GuptaManaging Fund Since: June 18, 2009Total Experience: 12 years & 5 yearsDate of inception: May 22, 2004Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)Regular Plan Monthly Growth /Payment: 20.9375 Monthly Dividend: 11.7017 Direct Plan$

Monthly Payment: 20.9486 Monthly Dividend: 11.7865

Benchmark: CRISIL MIP Blended Index

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed/switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterModified Duration: 3.83 yearsYield to Maturity: 8.62%Standard Deviation: 4.85%Sharpe Ratio##: 0.06 Beta: 1.36




(`)

Birla Sun Life MIP II - Wealth 25 Plan (%)


(%)


(%)


Birla Sun Life MIP

II - Wealth 25 Plan

(`)

CRISIL MIP Blended

Index # (`)

CRISIL 10Year Gilt

Index ## (`)



December 31, 2010 toDecember 30, 2011 (Absolute) 17.9565 -0.64 1.72 1.91 9936 10172 10191


# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme.Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Satyabrata Mohanty is 16. Total Schemes managed by Mr. Kaustubh Gupta is 71. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.





26.93%

23.37% 22.77%

17.11% 9.82%

Other AAAAA Cash & Current AssetsSovereign

22

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


Fund Details


Fund Manager: Mr. Satyabrata Mohanty & Mr. Kaustubh GuptaManaging Fund Since: June 18, 2009Total Experience: 12 years & 5 yearsDate of inception: May 22, 2004Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`)Regular Plan Monthly Growth /Payment: 20.9176 Monthly Dividend: 11.8170 Direct Plan$

Monthly Payment: 20.9259 Monthly Dividend: 11.8220 Benchmark: CRISIL MIP Blended Index

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load** : 1% if redeemed/switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterModified Duration: 3.22 yearsYield to Maturity: 8.53%(for Debt Component)Standard Deviation: 1.55%Sharpe Ratio##: 0.38Beta: 0.40



Power Finance Corporation Ltd. 17.68% CRISIL AAA Sundaram Finance Ltd. 2.15% [ICRA] AA+

IDBI Bank Ltd. 17.32% CRISIL AA+ Small Industries Development Bank of India 1.36% CRISIL AAA

Reliance Utilities & Power Private Ltd. 13.65% CARE AAA Shriram City Union Finance Ltd. 0.59%

Tata Sons Ltd. 5.11% CRISIL AAA Bajaj Corp Ltd. 0.56%

Government Of India 2.42% Sovereign City Union Bank Ltd. 0.52%





(`)

Birla Sun Life MIP

II - Savings 5 Plan (%)

CRISIL MIP Blended

Index # (%)


(%)


Birla Sun Life MIP II

- Savings 5 Plan (`)


(`)

CRISIL 10Year Gilt

Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns.Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Satyabrata Mohanty is 16. Total Schemes managed by Mr. Kaustubh Gupta is 71. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.




38.28% 30.97%

19.49% 8.84% 2.42%

AAA Cash & Current AssetsAA OtherSovereign

23

Wealth Creation Solutions

What are Wealth CreationSolutions?

Our Wealth Creation Solutions aim to grow your money through equity/gold investments and are available in a range of conservative to aggressive options.

Who can benefit from Wealth Creation Solutions?

Equity may be considered as an ideal option to give attractive long term returns and hence may be used for funding long-term needs (like child’s education, buying a home etc.)

Benefits of Wealth Creation Solutions:

Tax Free Returns: No capital gains tax (on withdrawal) if you stay invested for over a year as per current tax laws.

Invest in the long-term to overcome short-term ups and downs.

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

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

24

Birla Sun Life ‘95 Fund

What is it?A fund that seeks to achieve long-term growth of your investment at moderate levels of risk by striking a balance betweenpotential growth of equity and relative safety of debt.


Fund Details

Fund Manager: Mr. Nishit Dholakia & Mr. Prasad DhondeManaging Fund Since: June 18, 2009�Total Experience: 11 years & 11 yearsDate of inception: February 10, 19�9�5�Nature of the scheme: An Open-ended Balanced Scheme

NAV of Plans / Options (`)Regular Plan Growth: 35�1.5�2 Dividend: 114.46 Direct Plan$ Growth: 35�1.70 Dividend: 114.5�3

Benchmark: CRISIL Balanced Fund Index

Load Structure (as % of NAV) (Incl. for SIP) Entry Load: NilExit Load**: 1% if redeemed / switched out within 365� days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other Parameter Standard Deviation: 11.76%Sharpe Ratio##: 0.21 Beta: 0.88

WEALTH CREATIONSOLUTIONS

High Returns High Risk 3 yrs+ High Liquidity

Date of Inception: Feb 10, 1995 NAV Per Unit. *

(`)


(%)

CRISIL Balanced

Fund Index # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life ‘95 Fund (`)

CRISIL Balanced

Fund Index # (`)

S&P CNX Nifty## (`)

Since inception till December 31, 2012 (CAGR) 10.00 22.06 N/A 10.5�3 346087 N/A 60061


December 31, 2010 to December 30, 2011 (Absolute) 322.45� -13.86 -14.39� -24.62 8614 85�61 75�38

December 31, 2009 to December 31, 2010 (Absolute) 269�.47 19�.66 13.5�7 17.9�5� 119�66 1135�7 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Prasad Dhonde is 16. Total Schemes managed by Mr. Nishit Dholakia is 3. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Managers.

Rating Profile of portfolio


IDBI Bank Ltd. 9�.5�6% CRISIL AA+ HCL Technologies Ltd. 2.64%

ICICI Bank Ltd. 4.5�7% Infosys Ltd. 2.38%

LIC Housing Finance Ltd. 4.31% CRISIL AAA ITC Ltd. 2.36%

Power Finance Corporation Ltd. 3.44% CRISIL AAA Tata Motors Ltd. - DVR 2.06%

HDFC Bank Ltd. 3.01% Axis Bank Ltd. 1.9�0%


Note:Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 7.9�4% (9�1 day T-bill yield as on Jan 31, 2013).



70.78%

10.28% 9.92%

8.52% 0.51%

Other Cash & Current Assets AA AAA Sovereign

25�

Birla Sun Life Frontline Equity Fund

What is it?A diversified equity fund that invests across sectors in line with BSE200 Index, with a bias for large caps but not exclusively focused on them.

Fund Details


Fund Manager: Mr. Mahesh PatilManaging Fund Since: November 17, 2005�Total Experience: 20 yearsDate of inception: August 30, 2002Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 101.31 Dividend: 22.5�9�Direct Plan$ Growth: 101.36 Dividend: 22.61 Benchmark: BSE 200

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed / switched out within 365� days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.Other ParameterStandard Deviation: 17.01%Sharpe Ratio##: 0.12Beta: 0.88



Date of Inception: Aug 30, 2002

NAV Per Unit. *

(`)


(%)

BSE 200 # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life Frontline

Equity Fund (`)

BSE 200 # (`)

S&P CNX Nifty## (`)

Since inception till December 31, 2012 (CAGR) 10.00 24.85� 19�.69� 18.62 9�9�325� 6419�8 5�85�02

December 30, 2011 to December 31, 2012 (Absolute) 72.9�9� 36.07 30.9�8 27.70 13607 1309�8 12770

December 31, 2010 to December 30, 2011 (Absolute) 9�4.70 -22.9�3 -26.9�5� -24.62 7707 7305� 75�38

December 31, 2009 to December 31, 2010 (Absolute) 79�.78 18.70 16.22 17.9�5� 11870 11622 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 4. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net Assets

ICICI Bank Ltd. 5�.46% IndusInd Bank Ltd. 2.9�0%

ITC Ltd. 4.39�% Housing Development Finance Corporation Ltd. 2.89�%

Reliance Industries Ltd. 3.9�9�% HDFC Bank Ltd. 2.80%

Infosys Ltd. 3.45�% Dr. Reddys Laboratories Ltd. 2.62%

Larsen & Toubro Ltd. 3.24% HCL Technologies Ltd. 2.5�5�%


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer## Risk-free rate assumed to be 7.9�4% (9�1 day T-bill yield as on Jan 31, 2013).



Fund Manager: Mr. Mahesh PatilManaging Fund Since: July 29�, 2010Total Experience: 20 yearsDate of inception: October 24, 2005�Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 26.2401 Dividend: 14.9�45�6 Direct Plan$

Growth: 26.25�25� Dividend: 14.9�5�30

Benchmark: S&P CNX Nifty

Load Structure (as % of NAV) (Incl .for SIP)Entry Load: NilExit Load**: 1% if redeemed / switched out within 365� days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterStandard Deviation: 17.19�%Sharpe Ratio##: 0.14Beta: 0.86

26

Birla Sun Life Top 100 Fund

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

Fund Details





ICICI Bank Ltd. 5�.5�8% Larsen & Toubro Ltd. 2.81%

Reliance Industries Ltd. 4.03% Housing Development Finance Corporation Ltd. 2.71%

ITC Ltd. 3.5�9�% Axis Bank Ltd. 2.68%

Infosys Ltd. 3.49�% HCL Technologies Ltd. 2.5�5�%

Cairn India Ltd. 2.85�% IndusInd Bank Ltd. 2.5�3%


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns,source: MFI Explorer ## Risk-free rate assumed to be 7.9�4% (9�1 day T-bill yield as on Jan 31, 2013).


(`)

Birla Sun Life Top 100

Fund (%)

S&P CNX Nifty # (%)

BSE SENSEX ##

(%)


Birla Sun Life Top

100 Fund (`)

S&P CNX Nifty # (`)

BSE SENSEX

## (`)

Since inception till December 31, 2012 (CAGR) 10.00 14.20 13.29� 13.19� 25�9�5�9� 245�35� 24377

December 30, 2011 to December 31, 2012 (Absolute) 19�.04 36.36 27.70 25�.70 13636 12770 125�70

December 31, 2010 to December 30, 2011 (Absolute) 24.28 -21.60 -24.62 -24.64 7840 75�38 75�36

December 31, 2009 to December 31, 2010 (Absolute) 20.5�7 18.04 17.9�5� 17.43 11804 1179�5� 11743




27

Birla Sun Life Equity Fund

What is it?A Diversified Equity Fund that looks for opportunities without any sectoral or market cap bias with the aim to give you long term growth of capital.

Fund Details


Fund Manager: Mr. Anil ShahManaging Fund Since: October 03, 2012Total Experience: 24 yearsDate of inception: August 27, 19�9�8Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 277.13 Dividend: 66.33 Direct Plan$ Growth: 277.25� Dividend: 66.36

Benchmark: BSE 200

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed switched out within 365� days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterStandard Deviation: 18.42%Sharpe Ratio##: -0.18Beta: 0.9�3



Date of Inception: Aug 27,1998 NAV Per Unit. *

(`)

Birla Sun Life Equity Fund (%)

BSE 200 # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life Equity

Fund (`)

BSE 200 # (`)

S&P CNX Nifty ## (`)

Since inception till December 31, 2012 (CAGR) 10.00 26.10 15�.17 13.87 275�861 75�9�72 645�65�

December 30, 2011 to December 31, 2012 (Absolute) 203.23 35�.74 30.9�8 27.70 135�74 1309�8 12770

December 31, 2010 to December 30, 2011 (Absolute) 287.77 -29�.38 -26.9�5� -24.62 7062 7305� 75�38

December 31, 2009 to December 31, 2010 (Absolute) 25�2.08 14.16 16.22 17.9�5� 11416 11622 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Anil Shah is 1. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.


ICICI Bank Ltd. 7.26% Coal India Ltd. 2.79�%

IndusInd Bank Ltd. 4.02% ITC Ltd. 2.71%

Cairn India Ltd. 3.72% Hindustan Zinc Ltd. 2.60%

HCL Technologies Ltd. 3.45�% Axis Bank Ltd. 2.5�6%

LIC Housing Finance Ltd. 2.9�1% Satyam Computer Services Ltd. 2.41%





28

Birla Sun Life Advantage Fund

What is it?A Diversified Equity Fund that aims to achieve long-term growth of capital, at relatively moderate levels of risk through a research-based investment approach.

Fund Details


Fund Manager: Mr. Satyabrata MohantyManaging Fund Since: October 17, 2011Total Experience: 12 yearsDate of inception: February 24, 19�9�5�Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 160.5�1 Dividend: 77.28 Direct Plan$ Growth: 160.5�5� Dividend: 77.31

Benchmark: BSE 200

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 0.5�0% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterStandard Deviation: 18.49�%Sharpe Ratio##: -0.21Beta: 0.9�2




(`)

Birla Sun Life

Advantage Fund (%)

BSE 200 # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life

Advantage Fund (`)

BSE 200 # (`)


Since inception till December 31, 2012 (CAGR) 10.00 18.10 10.9�0 10.32 1619�5�6 6349�0 5�7788

December 30, 2011 to December 31, 2012 (Absolute) 124.86 29�.71 30.9�8 27.70 129�71 1309�8 12770

December 31, 2010 to December 30, 2011 (Absolute)

173.49� -28.03 -26.9�5� -24.62 719�7 7305� 75�38


15�1.66 14.39� 16.22 17.9�5� 11439� 11622 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 16. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.


ICICI Bank Ltd. 7.35�% HDFC Bank Ltd. 2.84%

State Bank of India 4.44% Satyam Computer Services Ltd. 2.82%

ITC Ltd. 4.30% Reliance Industries Ltd. 2.65�%

HCL Technologies Ltd. 3.87% Zee Entertainment Enterprises Ltd. 2.30%

Larsen & Toubro Ltd. 2.88% Adani Enterprises Ltd. 2.28%





29�

Birla Sun Life Long Term Advantage Fund

What is it?An Open ended Equity fund that invests in a Diversified portfolio of equity and equity related securities

Fund Details


Fund Manager: Mr. Mahesh PatilManaging Fund Since: October 03, 2012Total Experience: 20 yearsDate of inception: October 10, 2006Nature of the scheme: An Open Ended Diversified Equity Scheme

NAV of Plans / Options (`)Regular Plan Growth: 15�.5�6 Dividend: 14.38 Direct Plan$ Growth: 15�.5�7 Dividend: 14.38

Benchmark: BSE 200

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: 1% if redeemed / switched out within 365� days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterStandard Deviation: 16.9�6%Sharpe Ratio##: 0.02Beta: 0.84




ICICI Bank Ltd. 5�.60% HCL Technologies Ltd. 3.09�%

ITC Ltd. 5�.5�7% Tata Consultancy Services Ltd. 2.9�3%

IndusInd Bank Ltd. 3.9�7% Power Grid Corporation of India Ltd. 2.9�1%

Reliance Industries Ltd. 3.41% Tata Motors Ltd. 2.41%

Larsen & Toubro Ltd. 3.16% Tata Steel Ltd. 2.24%


Note:Standard Deviation & Sharpe Ratio are calculated son Annualised basis using 3 years history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 7.9�4% (9�1 day T-bill yield as on Jan 31, 2013).


(`)

Birla Sun Life Long

Term Advantage Fund (%)

BSE 200 # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life Long

Term Advantage

Fund (`)

BSE 200 # (`)

S&P CNX Nifty## (`)

Since inception till December 31, 2012 (CAGR)

10.00 7.11 8.03 8.41 15�344 16181 165�36

December 30, 2011 to December 31, 2012 (Absolute) 11.65� 31.67 30.9�8 27.70 13167 1309�8 12770


15�.37 -24.20 -26.9�5� -24.62 75�80 7305� 75�38


12.64 21.60 16.22 17.9�5� 12160 11622 1179�5�




30

Birla Sun Life Pure Value Fund

What is it?An Open ended Diversified Equity fund that follows value investing strategy to generate consistent long-term capital appreciation.

Fund Details


Fund Manager: Mr. Nishit DholakiaManaging Fund Since: January 24, 2011Total Experience: 11 yearsDate of inception: March 27, 2008Nature of the scheme: An Open-ended Diversified Equity Scheme

NAV of Plans / Options (`)Regular Plan Growth: 18.3132 Dividend: 16.0086 Direct Plan$

Growth: 18.3216 Dividend: 16.0128

Benchmark: BSE 200

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed / switched out within 365� days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterStandard Deviation: 17.16%Sharpe Ratio##: 0.08Beta: 0.75�




Glaxosmithkline Consumer Healthcare Ltd. 5�.02% HCL Technologies Ltd. 3.79�%

Birla Corporation Ltd. 4.15�% The Jammu & Kashmir Bank Ltd. 3.65�%

ING Vysya Bank Ltd. 4.05�% Karur Vysya Bank Ltd. 3.62%

HT Media Ltd. 3.9�6% The Federal Bank Ltd. 3.46%

Torrent Pharmaceuticals Ltd. 3.86% Bank of India 3.36%




(`)

Birla Sun Life Pure

Value Fund (%)

BSE 200 # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life Pure

Value Fund (`)

BSE 200 # (`)



10.00 13.43 4.5�8 4.30 18233 12381 12225�

December 30, 2011 to December 31, 2012 (Absolute) 13.67 33.39� 30.9�8 27.70 13339� 1309�8 12770

December 31, 2010 to December 30, 2011 (Absolute) 18.00 -24.04 -26.9�5� -24.62 75�9�6 7305� 75�38

December 31, 2009 to December 31, 2010 (Absolute) 14.5�5� 23.72 16.22 17.9�5� 12372 11622 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Nishit Dholakia is 3. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.



31

Birla Sun Life Midcap Fund

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

Fund Details


Fund Manager: Mr. Sanjay ChawlaManaging Fund Since: September 12, 2007Total Experience: 22 yearsDate of inception: October 03, 2002Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 116.9�3 Dividend: 21.9�3 Direct Plan$ Growth: 116.9�8 Dividend: 21.9�5�

Benchmark: CNX Midcap

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed / switched out within 365� days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment

Other ParameterStandard Deviation: 18.02%Sharpe Ratio##: -0.16Beta: 0.80




(`)

Birla Sun Life Midcap

Fund (%)

CNX Midcap #

(%)

S&P CNX Nifty ##

(%)


Birla Sun Life Midcap Fund (`)

CNX Midcap

# (`)


Since inception till December 31, 2012 (CAGR) 10.00 27.32 24.5�0 19�.5�3 1189�37 9�45�36 62277

December 30, 2011 to December 31, 2012 (Absolute) 87.36 36.15� 39�.16 27.70 13615� 139�16 12770

December 31, 2010 to December 30, 2011 (Absolute) 118.78 -26.45� -31.00 -24.62 735�5� 69�00 75�38

December 31, 2009 to December 31, 2010 (Absolute) 104.84 13.30 19�.16 17.9�5� 11330 119�16 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.


Motherson Sumi Systems Ltd. 3.75�% Marico Ltd. 2.81%

Solar Industries India Ltd. 3.71% Yes Bank Ltd. 2.69�%

Madras Cements Ltd. 2.9�8% The Federal Bank Ltd. 2.69�%

IndusInd Bank Ltd. 2.88% IPCA Laboratories Ltd. 2.64%

Cummins India Ltd. 2.83% Shree Cement Ltd. 2.5�8%





32

Birla Sun Life Small & Midcap Fund

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

Fund Details


Fund Manager: Mr. Sanjay ChawlaManaging Fund Since: July 29�, 2010Total Experience: 22 yearsDate of inception: May 31, 2007Nature of the scheme: An Open-ended Small & Mid Cap Equity Scheme

NAV of Plans / Options (`)Regular Plan Growth: 12.9�671 Dividend: 12.5�686 Direct Plan$ Growth: 12.9�742 Dividend: 12.5�761

Benchmark: S&P CNX Midcap






Solar Industries India Ltd. 4.41% Karur Vysya Bank Ltd. 2.9�3%

City Union Bank Ltd. 3.5�9�% PTC India Ltd. 2.87%

Madras Cements Ltd. 3.34% Glenmark Pharmaceuticals Ltd. 2.79�%

Wabco India Ltd. 3.15�% Zydus Wellness Ltd. 2.76%

AIA Engineering Ltd. 2.9�9�% VA Tech Wabag Ltd. 2.5�4%


Note:Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 7.9�4% (9�1 day T-bill yield as on Jan 31, 2013).


(`)


(%)

S & P CNX Midcap #

(%)

S&P CNX Nifty ##

(%)


Birla Sun Life Small & Midcap Fund (`)

S & P CNX Midcap

# (`)

S&P CNX Nifty## (`)

Since inception till December 31, 2012 (CAGR) 10.00 5�.07 7.61 5�.86 13183 15�069� 13746

December 30, 2011 to December 31, 2012 (Absolute) 10.00 31.88 39�.16 27.70 13188 139�16 12770

December 31, 2010 to December 30, 2011 (Absolute) 13.04 -23.32 -31.00 -24.62 7668 69�00 75�38

December 31, 2009 to December 31, 2010 (Absolute) 10.9�4 19�.17 19�.16 17.9�5� 119�17 119�16 1179�5�




33

Birla Sun Life MNC Fund

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

Fund Details


Fund Manager: Mr. Ajay GargManaging Fund Since: June 18, 2009�Total Experience: 15� yearsDate of inception: December 27, 19�9�9�Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 25�6.31 Dividend: 86.88 Direct Plan$ Growth: 25�6.40 Dividend: 86.9�9�

Benchmark: CNX MNC

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed / switched out within 365� days from the date of allotment **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterStandard Deviation: 16.10%Sharpe Ratio##: 0.5�5� Beta: 0.9�4




ING Vysya Bank Ltd. 8.33% Bosch Ltd. 4.5�6%

ICRA Ltd. 6.89�% Hindustan Unilever Ltd. 4.5�2%

Bayer Cropscience Ltd. 6.81% CRISIL Ltd. 4.48%

Honeywell Automation India Ltd. 5�.26% ITC Ltd. 3.74%

Maruti Suzuki India Ltd. 5�.14% Oracle Financial Services Software Ltd. 3.74%



Date of Inception: Dec 27, 1999 NAV Per Unit. *

(`)

Birla Sun Life MNC Fund (%)

CNX MNC # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life MNC Fund (`)

CNX MNC # (`)

S&P CNX Nifty## (`)

Since inception till December 31, 2012 (CAGR) 36.11 16.61 9�.65� 11.49� 739�79� 33183 41234

December 30, 2011 to December 31, 2012 (Absolute) 187.64 42.37 28.29� 27.70 14237 12829� 12770

December 31, 2010 to December 30, 2011 (Absolute) 216.18 -13.20 -13.22 -24.62 8680 8678 75�38

December 31, 2009 to December 31, 2010 (Absolute) 162.87 32.73 11.71 17.9�5� 13273 11171 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 13. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.



34

Birla Sun Life Dividend Yield Plus

What is it?A fund that invests in high dividend paying companies across market cap which typically have steady cash flow generation.

Fund Details


Fund Manager: Mr. Nishit DholakiaManaging Fund Since: January 24, 2011Total Experience: 11 yearsDate of inception: February 26, 2003Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 9�4.16 Dividend: 13.5�5� Direct Plan$

Growth: 9�4.21 Dividend: 13.5�6 Benchmark: S&P CNX 5�00


Other ParameterStandard Deviation: 16.32%Sharpe Ratio##: 0.21Beta: 0.80




ITC Ltd. 4.03% The Jammu & Kashmir Bank Ltd. 2.74%

Oil & Natural Gas Corporation Ltd. 3.5�8% Power Finance Corporation Ltd. 2.46%

Glaxosmithkline Consumer Healthcare Ltd. 3.43% Oriental Bank of Commerce 2.43%

Tata Motors Ltd. - DVR 3.03% Union Bank of India 2.23%

Bajaj Auto Ltd. 2.9�5�% Castrol India Ltd. 2.21%




(`)

Birla Sun Life Dividend

Yield Plus (%)

S&P CNX 500 # (%)

S&P CNX Nifty ##

(%)



(`)

S&P CNX 500 # (`)


Since inception till December 31, 2012 (CAGR) 10.00 25�.62 20.5�4 19�.16 9�4604 63002 5�625�8

December 30, 2011 to December 31, 2012 (Absolute) 73.11 29�.39� 31.84 27.70 129�39� 13184 12770

December 31, 2010 to December 30, 2011 (Absolute) 9�0.05� -18.81 -27.19� -24.62 8119� 7281 75�38

December 31, 2009 to December 31, 2010 (Absolute) 69�.35� 29�.85� 14.13 17.9�5� 129�85� 11413 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Nishit Dholakia is 3. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.



35�

Birla Sun Life Infrastructure Fund

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

Fund Details


Fund Manager: Mr. Mahesh Patil & Mr. Naysar ShahManaging Fund Since: Since inception & Dec 05�, 2011Total Experience: 20 years & 12 yearsDate of inception: March 17, 2006Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 15�.83 Dividend: 10.9�1 Direct Plan$

Growth: 15�.84 Dividend: 10.9�1



Other ParameterStandard Deviation: 21.00%Sharpe Ratio##: -0.39�Beta: 0.9�9�




(`)

Birla Sun Life Infrastructure

Fund (%)

S&P CNX

Nifty # (%)

BSE SENSEX ##

(%)


Birla Sun Life Infrastructure

Fund (`)

S&P CNX Nifty # (`)

BSE SENSEX

## (`)

Since inception till December 31, 2012 (CAGR) 10.00 7.20 9�.26 8.9�3 16035� 1825�9� 17888

December 30, 2011 to December 31, 2012 (Absolute) 11.86 35�.24 27.70 25�.70 135�24 12770 125�70

December 31, 2010 to December 30, 2011 (Absolute) 18.24 -34.9�8 -24.62 -24.64 65�02 75�38 75�36

December 31, 2009 to December 31, 2010 (Absolute) 16.62 9�.75� 17.9�5� 17.43 109�75� 1179�5� 11743

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Mahesh Patil is 4. Total Schemes managed by Mr. Naysar Shah is 4. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Managers.


ICICI Bank Ltd. 9�.77% IndusInd Bank Ltd. 3.81%

Cummins India Ltd. 5�.36% The Federal Bank Ltd. 3.80%

Larsen & Toubro Ltd. 5�.09�% Wabco India Ltd. 3.33%

Reliance Industries Ltd. 4.36% Tata Motors Ltd. - DVR 3.28%

State Bank of India 4.33% Oil & Natural Gas Corporation Ltd. 2.79�%





36

Birla Sun Life India Reforms Fund

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

Fund Details


Fund Manager: Mr. Naysar ShahManaging Fund Since: January 24, 2011Total Experience: 12 yearsDate of inception: June 25�, 2010Nature of the scheme: An Open-ended Equity Scheme

NAV of Plans / Options (`)Regular Plan Growth: 9�.73 Dividend: 9�.73 Direct Plan$

Growth: 9�.73 Dividend: 9�.73 Benchmark: S&P CNX 5�00

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed / switched out within 1 year from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment

Other ParameterStandard Deviation: 18.47%Sharpe Ratio##: 0.33Beta: 1.11




ICICI Bank Ltd. 9�.72% Gujarat State Fertilizers & Chemicals Ltd 3.67%

Larsen & Toubro Ltd. 7.34% Kalpataru Power Transmission Ltd. 3.25�%

The Federal Bank Ltd. 4.30% Hathway Cable & Datacom Ltd. 3.24%

Oil & Natural Gas Corporation Ltd. 4.04% Sadbhav Engineering Ltd. 3.00%

VA Tech Wabag Ltd. 3.83% PTC India Ltd. 3.00%


Note:Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 1 years history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 7.9�4% (9�1 day T-bill yield as on Jan 31, 2013).


(`)

Birla Sun Life India Reforms Fund (%)

S & P CNX 500 # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life India Reforms Fund (`)

S & P CNX 500 # (`)


Since inception till December 31, 2012 (CAGR) 10.00 -0.66 5�.31 6.89� 9�826 1139�4 11829�


December 31, 2010 to December 30, 2011 (Absolute) 10.9�5� -32.05� -27.19� -24.62 679�5� 7281 75�38

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Naysar Shah is 4. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.



37

Birla Sun Life India GenNext Fund

What is it?A Fund that strives to benefit from the rising consumption pattern in India, fuelled by high disposable incomes of the young generation (Generation Next).

Fund Details


Fund Manager: Mr. Sanjay ChawlaManaging Fund Since: September 12, 2007Total Experience: 22 yearsDate of inception: August 05�, 2005�Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 31.66 Dividend: 16.5�8 Direct Plan$ Growth: 31.68 Dividend: 16.5�9�



Other ParameterStandard Deviation: 16.62%Sharpe Ratio##: 0.60 Beta: 0.72




ICICI Bank Ltd. 4.18% Colgate-Palmolive (India) Ltd. 2.63%

HDFC Bank Ltd. 3.5�1% The Federal Bank Ltd. 2.5�6%

Asian Paints Ltd. 3.5�1% Housing Development Finance Corporation Ltd. 2.45�%

Zee Entertainment Enterprises Ltd. 3.14% Page Industries Ltd. 2.38%

IndusInd Bank Ltd. 2.72% Glenmark Pharmaceuticals Ltd. 2.36%



Date of Inception: Aug 05, 2005

NAV Per Unit. *

(`)

Birla Sun Life India GenNext Fund (%)

S&P CNX Nifty # (%)

BSE SENSEX ##

(%)


Birla Sun Life India GenNext Fund (`)

S&P CNX Nifty # (`)

BSE SENSEX

## (`)

Since inception till December 31, 2012 (CAGR) 10.00 16.9�3 13.17 13.19� 31872 25�009� 25�05�4

December 30, 2011 to December 31, 2012 (Absolute) 21.83 45�.9�9� 27.70 25�.70 145�9�9� 12770 125�70

December 31, 2010 to December 30, 2011 (Absolute) 25�.5�3 -14.49� -24.62 -24.64 85�5�1 75�38 75�36

December 31, 2009 to December 31, 2010 (Absolute) 19�.87 28.49� 17.9�5� 17.43 12849� 1179�5� 11743




38

What is it?An equity fund aiming to capitalize on the growth opportunities provided by companies that are driven by India’s large population and consumption patterns.

Fund Details


Fund Manager: Mr. Ajay GargManaging Fund Since: September 12, 2007Total Experience: 15� yearsDate of inception: January 15�, 2000Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 48.06 Dividend: 24.25� Direct Plan$

Growth: 48.09� Dividend: 24.26

Benchmark: BSE 200


Other ParameterStandard Deviation: 17.9�7%Sharpe Ratio##: 0.19�Beta: 0.82

Birla Sun Life Buy India Fund




Housing Development Finance Corp Ltd 5�.68% ICRA Ltd. 4.14%

Jet Airways (India) Ltd. 5�.42% Shoppers Stop Ltd. 4.04%

Bayer Cropscience Ltd. 4.44% United Spirits Ltd. 3.9�3%

Sundaram Clayton Ltd. 4.43% Biocon Ltd. 3.66%

ING Vysya Bank Ltd. 4.41% GlaxoSmithKline Pharmaceuticals Ltd. 3.5�7%



Date of Inception: Jan 15, 2000 NAV Per Unit. *

(`)

Birla Sun Life Buy

India Fund (%)

BSE 200 # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life Buy

India Fund (`)

BSE 200 # (`)


Since inception till December 31, 2012 (CAGR) 10.00 13.09� 11.16 10.47 49�29�8 39�428 36380

December 30, 2011 to December 31, 2012 (Absolute) 34.48 42.9�8 30.9�8 27.70 1429�8 1309�8 12770

December 31, 2010 to December 30, 2011 (Absolute) 45�.5�0 -24.22 -26.9�5� -24.62 75�78 7305� 75�38

December 31, 2009 to December 31, 2010 (Absolute) 36.80 23.64 16.22 17.9�5� 12364 11622 1179�5�




39�

Birla Sun Life Special Situations Fund

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

Fund Details


Fund Manager: Mr. Anil ShahManaging Fund Since: January 04, 2013Total Experience: 24 yearsDate of inception: January 31, 2008Nature of the scheme: An Open-ended Diversified Equity Scheme

NAV of Plans / Options (`)Regular Plan Growth: 10.215�9� Dividend: 10.215�9� Direct Plan$ Growth: 10.2202 Dividend: 10.2202

Benchmark: BSE 200

Load Structure (as % of NAV) (Incl .for SIP)Entry Load: NilExit Load**: 1% if redeemed / switched out within 365� days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.





ICICI Bank Ltd. 6.66% Solar Industries India Ltd. 3.29�%

HDFC Bank Ltd. 4.39�% Larsen & Toubro Ltd. 3.26%

Axis Bank Ltd. 3.9�7% Reliance Industries Ltd. 2.89�%

Power Finance Corporation Ltd. 3.9�3% Financial Technologies (India) Ltd. 2.78%

Gujarat State Fertilizers & Chemicals Ltd 3.30% PTC India Ltd. 2.73%




(`)

Birla Sun Life Special Situations Fund (%)

BSE 200 # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life Special

Situations Fund (`)

BSE 200 # (`)


Since inception till December 31, 2012 (CAGR) 10.00 0.04 1.71 2.87 10020 10870 1149�4

December 30, 2011 to December 31, 2012 (Absolute) 7.9�7 25�.79� 30.9�8 27.70 125�79� 1309�8 12770

December 31, 2010 to December 30, 2011 (Absolute) 10.84 -26.5�0 -26.9�5� -24.62 735�0 7305� 75�38

December 31, 2009 to December 31, 2010 (Absolute) 9�.68 11.9�5� 16.22 17.9�5� 1119�5� 11622 1179�5�




40

Birla Sun Life India Opportunities Fund

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

Fund Details


Fund Manager: Mr. Naysar ShahManaging Fund Since: October 03, 2012Total Experience: 12 yearsDate of inception: December 27, 19�9�9�Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 5�2.5�3 Dividend: 15�.84 Direct Plan$

Growth: 5�2.5�4 Dividend: 15�.84

Benchmark: S&P CNX 5�00


Other ParameterStandard Deviation: 16.9�1%Sharpe Ratio##: -0.32Beta: 0.78



Date of Inception: Dec 27, 1999 NAV Per Unit. *

(`)

Birla Sun Life India

Opportunities Fund (%)

S&P CNX 500 # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life India

Opportunities Fund (`)

S&P CNX 500 #

(`)


Since inception till December 31, 2012 (CAGR) 23.70 6.39� 11.48 11.49� 22401 41161 41234

December 30, 2011 to December 31, 2012 (Absolute) 41.18 28.9�2 31.84 27.70 1289�2 13184 12770

December 31, 2010 to December 30, 2011 (Absolute) 5�8.9�2 -30.11 -27.19� -24.62 69�89� 7281 75�38

December 31, 2009 to December 31, 2010 (Absolute) 5�0.37 16.9�7 14.13 17.9�5� 1169�7 11413 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Naysar Shah is 4. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.


Cummins India Ltd. 7.9�3% Satyam Computer Services Ltd. 4.78%

CRISIL Ltd. 7.23% Tata Consultancy Services Ltd. 4.5�6%

Infosys Ltd. 5�.46% HCL Technologies Ltd. 4.40%

Cipla Ltd. 5�.31% KEC International Ltd. 4.38%

Honeywell Automation India Ltd. 5�.18% Bajaj Auto Ltd. 4.23%


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 7.9�4% (9�1 day T-bill yield as on Jan 31, 2013).



41

Birla Sun Life New Millennium Fund

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

Fund Details


Fund Manager: Mr. Naysar ShahManaging Fund Since: October 03, 2012Total Experience: 12 yearsDate of inception: January 15�, 2000Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`)Regular PlanGrowth: 19�.69� Dividend: 12.86 Direct Plan$ Growth: 19�.70 Dividend: 12.87 Benchmark: BSE Teck

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 1% if redeemed / switched out within 365� days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.Other ParameterStandard Deviation: 17.49�%Sharpe Ratio##: -0.31Beta: 0.89�




Infosys Ltd. 33.85�% Oracle Financial Services Software Ltd. 3.02%

Tata Consultancy Services Ltd. 19�.9�0% Dish TV India Ltd. 2.9�6%

HCL Technologies Ltd. 7.36% Financial Technologies (India) Ltd. 2.77%

Bharti Airtel Ltd. 5�.73% NIIT Technologies Ltd. 2.71%

Satyam Computer Services Ltd. 3.69�% Wipro Ltd. 2.5�4%




(`)

Birla Sun Life New

Millennium Fund (%)

BSE Teck # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life New

Millennium Fund (`)

BSE Teck # (`)


Since inception till December 31, 2012 (CAGR) 10.00 4.70 N/A 10.12 18070 N/A 349�24


December 31, 2010 to December 30, 2011 (Absolute) 22.29� -21.80 -16.47 -24.62 7820 835�3 75�38

December 31, 2009 to December 31, 2010 (Absolute) 19�.12 16.5�8 23.49� 17.9�5� 1165�8 12349� 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Naysar Shah is 4. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.



42

Birla Sun Life Asset Allocation Fund

What is it?An open ended Fund-of-Funds scheme with 3 plans to help you plan your investments to suit your risk profile.

Fund Details


Fund Manager: Mr. Satyabrata Mohanty & Mr. Vineet MalooManaging Fund Since: June 18, 2009�Total Experience: 12 years & 7 yearsDate of inception: February 24, 2004Nature of the scheme: An Open-ended Fund of Funds Scheme

NAV of Plans / Options (`)Aggressive Plan:Regular PlanGrowth: 36.0487 Dividend: 36.0487 Direct Plan$ Growth: 36.0488 Dividend: 36.0488 Conservative Plan:Regular PlanGrowth: 23.65�07 Dividend: 23.65�07 Direct Plan$ Growth: 23.65�07 Dividend: 23.65�07 Moderate Plan:Regular PlanGrowth: 31.45�10 Dividend: 31.45�10 Direct Plan$ Growth: 31.45�11 Dividend: 31.45�11

Benchmark:Aggressive Plan: S&P CNX NiftyConservative Plan: CRISIL MIP Blended IndexModerate Plan: CRISIL Balanced Fund Index

Load Structure (as % of NAV)Entry Load: NilExit Load: Nil

Other ParameterStandard DeviationAggressive Plan: 11.87%Conservative Plan: 3.5�2%Moderate Plan: 7.9�5�%

Note:Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer.


Moderate Returns Medium-High Risk 3 yrs+ High Liquidity

Issuer % to net AssetsBirla Sun Life Income Plus - Growth-Direct Plan 27.48%Birla Sun Life Top 100 Fund - Growth-Direct Plan 14.63%Birla Sun Life Advantage Fund - Growth-Direct Plan 14.02%Birla Sun Life Small & Midcap Fund - Growth-Direct Plan 10.89�%Birla Sun Life Government Securities Fund Long Term - Growth -Direct Plan 9�.87%Birla Sun Life Infrastructure Fund - Growth-Direct Plan 8.26%Birla Sun Life Midcap Fund - Growth-Direct Plan 6.70%Cash & Cash Equivalents 5�.43%Birla Sun Life Global Precious Metals Plan - Growth-Direct Plan 2.34%Birla Sun Life Global Multi Commodity Plan - Growth-Direct Plan 2.18%Net receivables / payables -1.80%

Top Portfolio Holdings - Moderate Plan


(`)

Birla Sun Life AAF -

Aggressive Plan (%)

S&P CNX Nifty # (%)

BSE SENSEX ## (%)



Aggressive Plan (`)

S&P CNX Nifty # (`)

BSE SENSEX## (`)

Since inception till December 31, 2012 (CAGR) 10.00 15�.64 14.20 14.62 36235� 32417 3349�5�

December 30, 2011 to December 31, 2012 (Absolute) 30.35� 19�.38 27.70 25�.70 119�38 12770 125�70

December 31, 2010 to December 30, 2011 (Absolute) 36.17 -16.09� -24.62 -24.64 839�1 75�38 75�36

December 31, 2009 to December 31, 2010 (Absolute) 31.18 16.00 17.9�5� 17.43 11600 1179�5� 11743


(`)


Conservative Plan (%)

CRISIL MIP Blended

Index # (%)

S&P CNX Nifty ## (%)



Conservative Plan (`)

CRISIL MIP Blended

Index # (`)

S&P CNX Nifty## (`)

Since inception till December 31, 2012 (CAGR) 10.00 10.07 7.25� 14.20 2339�1 185�83 32417

December 30, 2011 to December 31, 2012 (Absolute) 20.73 12.85� 12.12 27.70 11285� 11212 12770

December 31, 2010 to December 30, 2011 (Absolute) 20.81 -0.38 1.72 -24.62 9�9�62 10172 75�38


Top Portfolio Holdings - Aggressive Plan Top Portfolio Holdings - Conservative Plan


Birla Sun Life Top 100 Fund - Growth - Direct Plan 19�.18% Birla Sun Life Income Plus - Growth Direct Plan 5�4.26%Birla Sun Life Advantage Fund - Growth - Direct Plan 17.38% Cash & Cash Equivalents 23.68%Birla Sun Life Income Plus - Growth - Direct Plan 17.14% Birla Sun Life Top 100 Fund - Growth Direct Plan 4.83%Birla Sun Life Small & Midcap Fund - Growth - Direct Plan 14.07% Birla Sun Life Advantage Fund - Growth Direct Plan 4.82%Birla Sun Life Infrastructure Fund - Growth - Direct Plan 10.87% Birla Sun Life Small & Midcap Fund - Growth Direct Plan 3.79�%Birla Sun Life Midcap Fund - Growth - Direct Plan 8.41% Birla Sun Life Infrastructure Fund - Growth Direct Plan 2.84%Cash & Cash Equivalents 5�.20% Birla Sun Life Midcap Fund - Growth Direct Plan 2.26%Birla Sun Life Global Precious Metals Plan - Growth - Direct Plan 4.35�% Birla Sun Life Government Securities Fund Long Term - Growth Direct Plan 1.74%Birla Sun Life Global Multi Commodity Plan - Growth - Direct Plan 3.5�5�% Birla Sun Life Global Multi Commodity Plan - Growth Direct Plan 1.71%Net receivables / payables -0.14% Birla Sun Life Global Precious Metals Plan - Growth Direct Plan 0.72%

Net receivables / payables -0.65�%


(`)


Moderate Plan (%)

CRISIL Balanced

Fund Index # (%)



Birla Sun Life AAF - Moderate Plan (`)

CRISIL Balanced

Fund Index # (`)

S&P CNX Nifty## (`)

Since inception till December 31, 2012 (CAGR) 10.00 13.78 11.45� 14.20 31387 26122 32417


December 31, 2010 to December 30, 2011 (Absolute) 29�.17 -8.60 -14.39� -24.62 9�140 85�61 75�38

December 31, 2009 to December 31, 2010 (Absolute) 26.21 11.32 13.5�7 17.9�5� 11132 1135�7 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Satyabrata Mohanty is 16. Total Schemes managed by Mr. Vineet Maloo is 8. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.

Investment Performance - Aggressive Plan - Growth NAV as on December 31, 2012: ` 36.2347

Investment Performance - Conservative Plan - Growth NAV as on December 31, 2012: ` 23.3915

Investment Performance - Moderate Plan - Growth NAV as on December 31, 2012: ` 31.3875


43

Birla Sun Life Enhanced Arbitrage Fund

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

Fund Details


Fund Manager: Mr. Ajay GargManaging Fund Since: Dec 05�, 2011Total Experience: 15� yearsDate of inception: July 24, 2009�Nature of the scheme: An Open-ended Equity Scheme

NAV of Plans / Options (`)Regular Plan Growth: 12.3833 Dividend: 12.09�31 Direct Plan$

Growth: 12.3864 Benchmark: CRISIL Liquid Fund Index

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: For Redemption / Switch-out of units before 9�0 days from the date of allotment: 0.75�%. For Redemption / Switch-out of units on or after 9�0 days but before 180 days from the date of allotment: 0.5�0%. For Redemption/ Switch-out of units on or after 180 days from the date of allotment: Nil. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

SAVINGS SOLUTIONS

Conservative Returns Low-Medium Risk 1 yr + High Liquidity

Date of Inception: July 24, 2009 NAV Per Unit. *

(`)

Birla Sun Life

Enhanced Arbitrage Fund (%)

CRISIL Liquid

Fund Index # (%)

BSE SENSEX ##

(%)


Birla Sun Life

Enhanced Arbitrage Fund (`)

CRISIL Liquid

Fund Index # (`)

BSE SENSEX

## (`)

Since inception till December 31, 2012 (CAGR) 10.0000 6.11 6.66 7.03 12264 12479� 12625�

December 30, 2011 to December 31, 2012 (Absolute) 11.45�48 7.06 8.5�4 25�.70 10706 1085�4 125�70

December 31, 2010 to December 30, 2011 (Absolute) 10.69�33 7.12 8.15� -24.64 10712 10815� 75�36

December 31, 2009 to December 31, 2010 (Absolute) 10.1449� 5�.41 5�.12 17.43 105�41 105�12 11743



Karnataka Bank Ltd. 22.13% Crompton Greaves Ltd. 7.18%

Pantaloon Retail (India) Ltd. 16.67% Crompton Greaves Ltd. Fut Feb 13 -7.24%

Reliance Infrastructure Ltd. 8.65�% Punjab National Bank Fut Feb 13 -7.71%

Tech Mahindra Ltd. 8.39�% Tech Mahindra Fut Feb 13 -8.44%

Punjab National Bank 7.66% Reliance Infrastructure Ltd. Fut Feb 13 -8.73%




44

Birla Sun Life Commodity Equities Fund

What is it?A Fund that provides exposure to commodities, by investing in handpicked commodity companies worldwide, that have business exposure to various commodities like Energy, Precious metals, Industrial metals, Water and Agricultural commodities.

Fund Details


Fund Manager: Mr. Vineet MalooManaging Fund Since: Since InceptionTotal Experience: 7 yearsDate of inception: November 07, 2008Nature of the scheme: An Open-ended Growth SchemeNAV of Plans / Options (`)Global Agri Plan:Regular PlanGrowth: 18.389�6 Dividend: 17.219�4 Direct Plan$

Growth: 18.39�83 Dividend: 17.225�9� Global Multi Commodity Plan:Regular PlanGrowth: 14.1088 Dividend: 13.2643Direct Plan$

Growth: 14.115�4 Dividend: 13.2704 Global Precious Metals Plan:Regular PlanGrowth: 10.9�172 Dividend: 10.9�172 Direct Plan$

Growth: 10.9�233 Dividend: 10.9�233

Benchmark:Global Agri Plan: S&P Global Agribusiness Index Global Multi CommoditiesPlan: MSCI World Index Global Precious Metals Plan: Dow Jones Precious Metals IndexLoad Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 3% if redeemed / switched out within 30 days from the date of allotment. For redemption/switchout of units after 30 days but before 365� days from the date of allotment: 1.00% of applicable NAV. For redemption/switch-out of units after 365� days from the date of allotment: Nil. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParametersGlobal Agri PlanStandard Deviation: 10.73%Sharpe Ratio##: 1.00 Beta: 0.43

Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 1 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 7.9�4% (9�1 day T-bill yield as on Jan 31, 2013).

Global Multi Commodity PlanStandard Deviation: 11.10%Sharpe Ratio##: -0.16Beta: 0.20Global Precious Metals PlanStandard Deviation: 20.13%Sharpe Ratio##: -1.48Beta: 0.67



Issuer % to net AssetsBarrick Gold Corp 5�.84%Newmont Mining Corp 5�.33%Silver Wheaton Corp 5�.10%Yamana Gold Inc 4.30%Gold Fields Ltd. 4.27%

Top Ten Portfolio Holdings - Global Precious Metals PlanIssuer % to net AssetsKinross Gold Corp 3.9�7%Agnico-Eagle Mines Ltd. 3.9�5�%Royal Gold Inc 3.88%Randgold Resources Ltd. 3.69�%New Gold Inc 3.5�7%


(`)

Birla Sun Life Commodity

Equities Fund - Global Agri Plan - Retail Growth (%)

S&P Global Agribusiness Index # (%)



Birla Sun Life

Commodity Equities Fund -

Global Agri Plan - Retail Growth (`)

S&P Global Agribusiness

Index # (`)

S&P CNX Nifty## (`)

Since inception till December 31, 2012 (CAGR) 10.00 14.61 24.12 17.9�8 17612 245�21 19�862

December 30, 2011 to December 31, 2012 (Absolute) 15�.24 15�.5�3 18.45� 27.70 115�5�3 11845� 12770

December 31, 2010 to December 30, 2011 (Absolute) 17.63 -13.5�3 4.9�2 -24.62 8647 1049�2 75�38


Investment Performance - Global Agri Plan - Growth NAV as on December 31, 2012: ` 17.6121


(`)


Equities Fund - Global Multi Commodities Plan - Retail Growth (%)

MSCI World Index # (%)




Equities Fund - Global Multi Commodities Plan - Retail Growth (`)

MSCI World Index # (`)

S&P CNX Nifty## (`)

Since inception till December 31, 2012 (CAGR) 10.00 7.64 13.32 17.9�8 135�74 16801 19�862

December 30, 2011 to December 31, 2012 (Absolute) 12.9�0 5�.25� 17.03 27.70 105�25� 11703 12770

December 31, 2010 to December 30, 2011 (Absolute) 14.76 -12.60 7.61 -24.62 8740 10761 75�38

December 31, 2009 to December 31, 2010 (Absolute) 12.88 14.5�9� 6.09� 17.9�5� 1145�9� 10609� 1179�5�

Investment Performance - Global Multi Commodities Plan - Growth NAV as on December 31, 2012: ` 13.5736


(`)


Equities Fund - Global

Precious Metals Plan-

Retail Growth (%)

Dow Jones Precious

Metals Index # (%)




Equities Fund - Global

Precious Metals Plan-

Retail Growth (`)

Dow Jones Precious

Metals Index # (`)

S&P CNX Nifty## (`)

Since inception till December 31, 2012 (CAGR) 10.00 4.39� 19�.80 17.9�8 119�5�4 21166 19�862

December 30, 2011 to December 31, 2012 (Absolute) 13.13 -8.9�4 -11.82 27.70 9�106 8818 12770

December 31, 2010 to December 30, 2011 (Absolute) 15�.20 -13.65� -3.24 -24.62 8635� 9�676 75�38

December 31, 2009 to December 31, 2010 (Absolute) 12.32 23.41 29�.60 17.9�5� 12341 129�60 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Vineet Maloo is 8. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.

Investment Performance - Global Precious Metals Plan - Growth NAV as on December 31, 2012: ` 11.9538

Issuer % to net Assets Issuer % to net AssetsMosaic Co 5�.5�1% Exxon Mobil Corp 5�.36%Monsanto Co 5�.45�% BASF SE 3.9�2%Potash Corp of Saskatchewan Inc 5�.29�% CF Industries Holdings Inc 3.84%CF Industries Holdings Inc 4.9�8% Halliburton Co 3.78%Yara International ASA 4.5�3% Schlumberger Ltd 3.73%GEA Group AG 4.49�% Deere & Co 3.45�%Deere & Co 4.39�% ENI SpA 3.36%FMC Corp 4.20% Mosaic Co 3.31%Tate & Lyle PLC 4.01% Agrium Inc 3.22%BRF - Brasil Foods SA 3.89�% Potash Corp of Saskatchewan Inc 3.22%

Top Ten Portfolio Holdings - Global Agri Plan Top Ten Portfolio Holdings - Global Multi Commodity Plan


45�

Birla Sun Life International Equity Fund - Plan A

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

Fund Details


Fund Manager: Mr. Vineet MalooManaging Fund Since: Since InceptionTotal Experience: 7 yearsDate of inception: October 31, 2007Nature of the scheme: An Open-ended Diversified Equity Scheme

NAV of Plans / Options (`)Regular Plan Growth: 12.0849� Dividend: 12.0849� Direct Plan$ Growth: 12.09�03 Dividend: 12.09�03

Benchmark: S&P Global 1200


Other ParameterStandard Deviation: 12.24%Sharpe Ratio##: 0.46 Beta: 0.84




Chubb Corp 5�.5�7% Aetna Inc 3.30%

MTR Corp 3.9�0% International Business Machines Corp 3.29�%

Coach Inc 3.5�2% PPG Industries Inc 3.28%

Northrop Grumman Corp 3.5�2% Statoil ASA 3.27%

ENSCO PLC 3.48% Roche Holding AG 3.13%




(`)

Birla Sun Life

International Equity Fund -

Plan A (%)

S&P Global 1200 #

(%)

S&P CNX Nifty ##

(%)


Birla Sun Life International Equity Fund -

Plan A (`)

S&P Global 1200 # (`)

S&P CNX Nifty## (`)


December 30, 2011 to December 31, 2012 (Absolute) 10.15� 16.35� 17.18 27.70 11635� 11718 12770

December 31, 2010 to December 30, 2011 (Absolute) 9�.41 7.86 9�.68 -24.62 10786 109�68 75�38

December 31, 2009 to December 31, 2010 (Absolute) 8.9�7 4.9�0 4.88 17.9�5� 1049�0 10488 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Vineet Maloo is 8. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager..



46

Birla Sun Life International Equity Fund - Plan B

What is it?A fund that provides an opportunity to grow your money by investing in world-class companies across the globe, with at least 65% exposure to domestic markets.

Fund Details

Fund Manager: Mr. Vineet MalooManaging Fund Since: Since InceptionTotal Experience: 7 yearsDate of inception: October 31, 2007Nature of the scheme: An Open-ended Diversified Equity Scheme

NAV of Plans / Options (`)Regular Plan Growth: 10.239�9� Dividend: 10.239�9� Direct Plan$

Growth: 10.2437 Dividend: 10.2437 Benchmark: Customised Index †† 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.


Other ParameterStandard Deviation: 13.45�%Sharpe Ratio##: -0.09�Beta: 0.9�6





Infosys Ltd. 2.74% IndusInd Bank Ltd. 2.23%

ICICI Bank Ltd. 2.70% HDFC Bank Ltd. 2.12%

ITC Ltd. 2.62% Larsen & Toubro Ltd. 2.01%

Financial Technologies (India) Ltd. 2.38% VST Industries Ltd. 1.9�9�%

Reliance Industries Ltd. 2.24% Housing Development Finance Corporation Ltd. 1.9�0%




(`)

Birla Sun Life

International Equity Fund -

Plan B (%)

Customised Index † #

(%)

S&P CNX Nifty ##

(%)


Birla Sun Life International Equity Fund -

Plan B (`)

Customised Index †

# (`)


Since inception till December 31, 2012 (CAGR) 10.00 0.40 1.64 0.01 10210 10875� 10008


December 31, 2010 to December 30, 2011 (Absolute) 10.06 -18.41 -15�.18 -24.62 815�9� 8482 75�38

December 31, 2009 to December 31, 2010 (Absolute) 8.9�5� 12.41 12.5�9� 17.9�5� 11241 1125�9� 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Vineet Maloo is 8. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Managers.† 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.



47

Birla Sun Life Index Fund

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

Fund Details


Fund Manager: Mr. Ajay GargManaging Fund Since: October 01, 2006Total Experience: 15� yearsDate of inception: September 18, 2002Nature of the scheme: An Open-ended Index Linked Growth Scheme

NAV of Plans / Options (`)Regular Plan Growth: 5�8.8823 Dividend: 22.7614 Direct Plan$ Growth: 5�8.9�003 Dividend: 22.7682



Other ParameterStandard Deviation: 19�.11%




Nifty Fut Feb 13 8.03% Housing Development Finance Corporation Ltd. 5�.69�%

ITC Ltd. 7.86% HDFC Bank Ltd. 5�.49�%

Reliance Industries Ltd. 6.9�0% Larsen & Toubro Ltd. 3.9�1%

ICICI Bank Ltd. 6.46% Tata Consultancy Services Ltd. 3.22%

Infosys Ltd. 6.33% State Bank of India 2.9�6%


Note:Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer.

Date of Inception: Sept 18, 2002 NAV Per Unit. *

(`)

Birla Sun Life Index Fund (%)

S&P CNX Nifty # (%)

BSE SENSEX ##

(%)


Birla Sun Life Index Fund (`)

S&P CNX Nifty # (`)

BSE SENSEX

## (`)

Since inception till December 31, 2012 (CAGR) 10.00 18.5�9� 19�.16 19�.81 5�7741 60737 64247

December 30, 2011 to December 31, 2012 (Absolute) 45�.47 26.9�8 27.70 25�.70 1269�8 12770 125�70

December 31, 2010 to December 30, 2011 (Absolute) 60.9�5� -25�.40 -24.62 -24.64 7460 75�38 75�36

December 31, 2009 to December 31, 2010 (Absolute) 5�1.84 17.5�7 17.9�5� 17.43 1175�7 1179�5� 11743




48

Tax Savings Solutions

What are Tax Savings Solutions?

Our Tax Savings Solutions help to reduce your tax burden and at the same time, aim to grow your money through equity investments.

Who can benefit from Tax Savings Solutions?

Tax saving is important, especially when investors can save up to ̀ 30,9�00 in taxes! Section 80C of the Income Tax Act, 19�61 provides options to save tax by reducing the taxable income by up to ` 1 lakh.

But, wealth creation is also important. Isn’t it? That’s why this solution is ideal for investors who would like to create wealth along with tax saving.Tax savings of ` 30,9�00 is calculated assuming qualifying amount of deduction is ` 1 lakh & investor falls in the top income tax slab of 30% & includes applicable cess. Investors are advised to consult their tax advisor in view of individual nature of tax benefits.

Benefits of Tax Savings Solutions:

Low lock-in period: Your money is locked-in for just 3 years, as against the much longer lock-in periods in other options.

Potential to earn dividends: While your money is locked-in for 3 years, you may opt for the dividend option and can receive returns in the form of tax-free dividends during this time. This feature is unique only to tax saving solutions from mutual funds.

Earn market linked returns: Since investments are made in stocks of Indian companies, the value of your investment moves with the stock market. Although it comes with market related risks, your money is diversified i.e. spread out across stocks of multiple companies and is being monitored by an investment expert with an aim to minimize such risks.

Tax-free returns: When you withdraw your investment after 3 years, the returns are totally tax free. Yes, you save taxes on both, your initial investment and also on the returns.

Tax deduction(s) available u/s 80C of the Income Tax Act, 19�61 is subject to conditions specified therein.Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.Investors are advised to consult their tax advisor in view of individual nature of tax benefits.The Financial Solution (Savings Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.

49�

Birla Sun Life Tax Relief ‘96

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

Fund Details

Fund Manager: Mr. Ajay GargManaging Fund Since: October 01, 2006Total Experience: 15� yearsDate of inception: March 29�, 19�9�6Nature of the scheme: An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment.

NAV of Plans / Options (`)Regular Plan Growth (w.e.f. 06/03/08): 11.79� Dividend: 81.40 Direct Plan$

Growth: 11.80 Dividend: 81.46

Benchmark: BSE 200


Other ParameterStandard Deviation: 17.62%Sharpe Ratio##: -0.17Beta: 0.89�


TAX SAVINGSSOLUTIONS

High Returns High Risk 3 yrs+ Low Liquidity


(`)

Birla Sun Life Tax

Relief ‘96 (%)

BSE 200 # (%)

S&P CNX Nifty ##

(%)


Birla Sun Life Tax

Relief ‘96 (`)

BSE 200# (`)



10.00 27.28 12.32 11.27 5�68713 7019�0 5�9�9�32

December 30, 2011 to December 31, 2012 (Absolute) 61.34 36.5�4 30.9�8 27.70 1365�4 1309�8 12770


9�1.5�8 -29�.62 -26.9�5� -24.62 7038 7305� 75�38


87.85� 12.71 16.22 17.9�5� 11271 11622 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 13. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.

Tax deduction(s) available u/s 80C of the Income Tax Act, 19�61 is subject to conditions specified therein.Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.Investors are advised to consult their tax advisor in view of individual nature of tax benefits.


Reliance Industries Ltd. 4.68% Larsen & Toubro Ltd. 3.00%

ING Vysya Bank Ltd. 4.22% ICRA Ltd. 3.00%

ICICI Bank Ltd. 4.19�% Housing Development Finance Corporation Ltd. 2.9�3%

Tata Consultancy Services Ltd. 3.37% State Bank of India 2.83%

Bayer Cropscience Ltd. 3.12% Honeywell Automation India Ltd. 2.69�%


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 7.9�4% (9�1 day T-bill yield as on Jan 31, 2013).

Investment Performance - Dividend NAV as on December 31, 2012: ` 82.01


5�0

Birla Sun Life Tax Plan

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

Fund Details


Fund Manager: Mr. Ajay GargManaging Fund Since: October 17, 2011Total Experience: 15� yearsDate of inception: February 16, 19�9�9�Nature of the scheme: An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment.

NAV of Plans / Options (`)Regular Plan Growth: 15�.24 Dividend: 5�0.21 Direct Plan$

Growth: 15�.26 Dividend: 5�0.26 Benchmark: BSE SENSEX


Other ParameterStandard Deviation: 16.5�5�%Sharpe Ratio##: -0.01Beta: 0.81

TAX SAVINGSSOLUTIONS

High Returns High Risk 3 yrs+ Low Liquidity


(`)


(%)

BSE SENSEX

# (%)

S&P CNX Nifty ##

(%)


Birla Sun Life Tax Plan (`)

BSE SENSEX

# (`)

S&P CNX Nifty## (`)


10.00 20.9�6 13.5�8 14.02 140283 5�85�81 61840

December 30, 2011 to December 31, 2012 (Absolute) 37.11 36.38 25�.70 27.70 13638 125�70 12770


49�.21 -22.86 -24.64 -24.62 7714 75�36 75�38


5�2.86 10.83 17.43 17.9�5� 11083 11743 1179�5�

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 13. Refer annexure on page no. 5�2 to know more on performance of schemes managed by Fund Manager.

Tax deduction(s) available u/s 80C of the Income Tax Act, 19�61 is subject to conditions specified therein.Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.Investors are advised to consult their tax advisor in view of individual nature of tax benefits.


Reliance Industries Ltd. 4.65�% Larsen & Toubro Ltd. 2.9�9�%

ING Vysya Bank Ltd. 4.20% ICRA Ltd. 2.9�8%

ICICI Bank Ltd. 4.17% Housing Development Finance Corporation Ltd. 2.9�1%

Tata Consultancy Services Ltd. 3.35�% State Bank of India 2.81%

Bayer Cropscience Ltd. 3.11% Honeywell Automation India Ltd. 2.67%


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 7.9�4% (9�1 day T-bill yield as on Jan 31, 2013).

Investment Performance - Dividend NAV as on December 31, 2012: ` 50.61


51

Close Ended Scheme Performance

Performance details for close ended Capital Protection Oriented Schemes with less than 1 year of existence have not been disclosed.

Birla Sun Life Capital Protection Oriented Fund - Series 4

Date of Inception: Jan 29, 2011 Fund Manager: Mr. Satyabrata Mohanty

NAV (as on 31st December 2012): 11.4630

NAV Per Unit. *

(`)

Birla Sunlife CapitalProtectionOrientedSeries - 4

(%)

CRISILBalanced

FundIndex # (%)

CRISIL 1Year T-Bill

Index ##(%)


Birla Sunlife CapitalProtectionOrientedSeries - 4

(`)

CRISILBalanced

FundIndex # (`)

CRISIL 1Year T-BillIndex ## (`)



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns.Total Schemes managed by Mr. Satyabrata Mohanty is 16. Refer annexure on page no. 53 for performance of schemes managed by Fund Manager. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.


Date of Inception: Jun 10, 2010 Fund Manager: Mr. Satyabrata Mohanty


NAV Per Unit. *

(`)

Birla Sun life Capital Protection Oriented Series - 2

(%)

CRISIL MIP

Blended Index #

(%)

CRISIL 1 Year T-Bill

Index ## (%)


Birla Sun life Capital Protection Oriented Series - 2

(`)

CRISIL MIP

Blended Index # (`)

CRISIL 1 Year T-Bill

Index ## (`)






Date of Inception: Jan 29, 2011 Fund Manager: Mr. Satyabrata Mohanty


NAV Per Unit. *

(`)

Birla Sunlife CapitalProtectionOriented -Series 3

(%)

CRISIL Balanced

Fund Index # (%)

CRISIL 1Year T-Bill

Index ##(%)



(`)

CRISILBalanced

Fund Index# (`)






Date of Inception: Jun 03, 2011 Fund Manager: Mr. Satyabrata Mohanty & Ajay Garg


NAV Per Unit. *

(`)

Birla Sunlife CapitalProtectionOriented- Series

6 (%)

CRISILBalanced

FundIndex # (%)

CRISIL 1Year T-Bill

Index ##(%)



6 (`)

CRISILBalanced

FundIndex # (`)




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns.Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Satyabrata Mohanty is 16. Total Schemes managed by Mr. Ajay Garg is 13. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.


Date of Inception: Mar 30, 2011 Fund Manager: Mr. Satyabrata Mohanty & Ajay Garg


NAV Per Unit. *

(`)


(%)

CRISILBalanced

FundIndex # (%)

CRISIL 1Year T-Bill

Index ##(%)



5 (`)

CRISILBalanced

FundIndex # (`)






Date of Inception: Oct 04, 2011 Fund Manager: Mr. Satyabrata Mohanty & Ajay Garg


NAV Per Unit. *

(`)


7 (%)

CRISILBalanced

FundIndex # (%)

CRISIL 1Year T-Bill

Index ##(%)


Birla Sunlife CapitalProtectionOriented

- Series 7 (`)

CRISILBalanced

FundIndex # (`)






Date of Inception: Dec 15, 2011 Fund Manager: Mr. Satyabrata Mohanty & Ajay Garg


NAV Per Unit. *

(`)


8 (%)

CRISILBalanced

FundIndex # (%)

CRISIL 1Year T-Bill

Index ##(%)


Birla Sunlife CapitalProtectionOriented

- Series 8 (`)

CRISILBalanced

FundIndex # (`)





52

Fund Manager-wise Scheme Details

Schemes mentioned in order of performance for the period December 30 2011 - December 31 2012. Due to inherent difference in nature of schemes above (i.e. equity, hybrid, debt schemes) as may be managed by Fund Manager, performance of such schemes may not be strictly comparable. Further, for the schemes in existence for less than a year, the past performance details have not been provided. Further, performance of Fixed Term Plans (FTPs) / Fixed Maturity Plans (FMP) / Interval Income Schemes are not considered above, as FMPs / FTPs / Interval Income Schemes are close ended / interval schemes of varying maturities and performance of such schemes may not be strictly comparable with open ended schemes managed by Fund Managers.

Sr.no Funds Managed By Mr. Maneesh Dangi Refer page No

1 Birla Sun Life Dynamic Bond Fund 9

Sr.no Funds Managed By Mr. Mahesh Patil Refer page No

1 Birla Sun Life Top 100 Fund 26

2 Birla Sun Life Frontline Equity Fund 25

3 Birla Sun Life Infrastructure Fund* 35

4 Birla Sun Life Long Term Advantage Fund 29

* Funds co-managed by Mr. Naysar Shah

Sr.no Funds Managed By Mr. Kaustubh Gupta Refer page No

1 Birla Sun Life MIP II - Wealth 25 Plan* 21

2 Birla Sun Life MIP* 20

3 Birla Sun Life Monthly Income* 19

4 Birla Sun Life MIP II - Savings 5 Plan* 22

5 Birla Sun Life Floating Rate Fund - Long Term Plan# 13

6 Birla Sun Life Floating Rate Fund - Short Term Plan# 14

7 Birla Sun Life Ultra Short Term Fund$ 8

8 Birla Sun Life Savings Fund 7

9 Birla Sun Life Cash Manager# 6

10 Birla Sun Life Cash Plus# 5

* Funds co-managed by Mr. Satyabrata Mohanty# Funds co-managed by Ms. Sunaina Da Cunha$ Funds co-managed by Mr. Lokesh Mallya

Sr.no Funds Managed By Ms. Sunaina Da Cunha Refer page No

1 Birla Sun Life Short Term Opportunities Fund# 17

2 Birla Sun Life Floating Rate Fund - Long Term Plan* 13

3 Birla Sun Life Floating Rate Fund - Short Term Plan* 14

4 Birla Sun Life Cash Manager* 6

5 Birla Sun Life Cash Plus* 5* Funds co-managed by Mr. Kaustubh Gupta# Funds co-managed by Mr. Lokesh Mallya

Sr.no Funds Managed By Mr. Lokesh Mallya Refer page No

1 Birla Sun Life Short Term Opportunities Fund# 17

2 Birla Sun Life Ultra Short Term Fund* 8

* Funds co-managed by Mr. Kaustubh Gupta# Funds co-managed by Ms. Sunaina Da Cunha

Sr.noFunds Managed By Mr. Satyabrata Mohanty

Refer page No

1 Birla Sun Life Advantage Fund 28

2 Birla Sun Life Asset Allocation Fund Aggressive Plan# 42

3 Birla Sun Life Asset Allocation Fund Moderate Plan# 42

4 Birla Sun Life MIP II - Wealth 25 Plan* 21

5 Birla Sun Life Capital Protection Oriented Fund - Series 8,7$ 51

6 Birla Sun Life Asset Allocation Fund Conservative Plan# 42

7 Birla Sun Life MIP* 20

8 Birla Sun Life Monthly Income* 19

9 Birla Sun Life MIP II - Savings 5 Plan* 22

10 Birla Sun Life Capital Protection Oriented Fund - Series 5,6$ 51

10 Birla Sun Life Capital Protection Oriented Fund - Series 2,3,4 51* Funds co-managed by Mr. Kaustubh Gupta# Funds co-managed by Mr. Vineet Maloo$ Funds co-managed by Mr. Ajay Garg

Sr.no Funds Managed By Mr. Nishit Dholakia Refer page No

1 Birla Sun Life Pure Value Fund 30

2 Birla Sun Life Dividend Yield Plus 34

3 Birla Sun Life ‘95 Fund* 24

* Funds co-managed by Mr. Prasad Dhonde

Sr.no Funds Managed By Mr. Sanjay Chawla Refer page No

1 Birla Sun Life India GenNext Fund 37

2 Birla Sun Life Midcap Fund 31

3 Birla Sun Life Small & Midcap Fund 32

Sr.no Funds Managed By Mr. Ajay Garg Refer page No

1 Birla Sun Life Buy India Fund 38

2 Birla Sun Life MNC Fund 33

3 Birla Sun Life Tax Relief ‘96 49

4 Birla Sun Life Tax Plan 50

5 Birla Sun Life Index Fund 47

6 Birla Sun Life Capital Protection Oriented Fund - Series 8,7,5,6* 51

7 Birla Sun Life Enhanced Arbitrage Fund 43

* Funds co-managed by Mr. Satyabrata Mohanty

Sr.no Funds Managed By Mr. Prasad Dhonde Refer page No

1 Birla Sun Life ‘95 Fund* 24

2 Birla Sun Life Gilt Plus PF Plan 15

3 Birla Sun Life Government Securities Fund Long Term Plan 16

4 Birla Sun Life Income Plus 11

5 Birla Sun Life Short Term Fund 12

6 Birla Sun Life Gilt Plus Regular Plan 15

7 Birla Sun Life Gilt Plus Liquid Plan 15

8 Birla Sun Life Government Securities Fund Short Term Plan 16

* Funds co-managed by Mr. Nishit Dholakia

Sr.no Funds Managed By Mr. Vineet Maloo Refer page No

1 Birla Sun Life International Equity Fund - Plan B 46

2 Birla Sun Life Asset Allocation Fund Aggressive Plan* 42

3 Birla Sun Life Asset Allocation Fund Moderate Plan* 42

4 Birla Sun Life International Equity Fund - Plan A 45

5 Birla Sun Life Commodity Equities Fund Global Agri Plan 44

6 Birla Sun Life Asset Allocation Fund Conservative Plan* 42

7 Birla Sun Life Commodity Equities Fund Global Multi Commodities Plan 44

8 Birla Sun Life Commodity Equities Fund Global Precious Metals Plan 44

* Funds co-managed by Mr. Satyabrata Mohanty

Sr.no Funds Managed By Mr. Naysar Shah Refer page No

1 Birla Sun Life Infrastructure Fund* 35

2 Birla Sun Life India Reforms Fund 36

3 Birla Sun Life India Opportunities Fund 40

4 Birla Sun Life New Millennium Fund 41

* Funds co-managed by Mr. Mahesh Patil

Sr.no Funds Managed By Mr. Anil Shah Refer page No

1 Birla Sun Life Equity Fund 27

2 Birla Sun Life Special Situations Fund 39

Sr.no Funds Managed By Mr. Rohit Murarka Refer page No

1 Birla Sun Life Medium Term Plan 10

53

Funds at a GlanceSAVINGS SOLUTIONS

SCHEME PLAN/OPTION(which continue for fresh subscription)

DEFAULT OPTION** MINIMUMINVESTMENTAMOUNT

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

PLAN^ OPTION

Birla Sun Life Cash PlusRegular Plan

Daily Dividend (Payout / Reinvestment) Daily Dividend Reinvestment

NilWeekly Dividend (Payout / Reinvestment) FP: ` 5,000/-

Direct PlanDividend (Payout / Reinvestment) AP: ` 1,000/-

Growth

Birla Sun Life Cash Manager Regular Plan Daily Dividend (Reinvestment) Daily Dividend Reinvestment FP: ` 5,000/-

NilDirect Plan

Weekly Dividend (Reinvestment) AP: ` 1,000/-

Growth

Birla Sun Life Savings Fund Regular Plan Daily Dividend (Reinvestment)Weekly Dividend (Payout / Reinvestment)

Growth

Daily Dividend ReinvestmentFP: ` 5,000/-AP: ` 1,000/- Nil

Direct Plan

Birla Sun Life Ultra Short Term Fund Regular Plan Daily Dividend (Reinvestment)Weekly Dividend (Payout / Reinvestment)

Fortnightly Dividend (Payout / Reinvestment)Growth

Daily Dividend ReinvestmentFP: ` 5,000/-AP: ` 1,000/-

NilDirect Plan

Birla Sun Life Dynamic Bond FundRegular Plan

Monthly Dividend Sweep

• Choice of Option : Quarterly Divi-dend• Choice of Sub-Option : Dividend Reinvestment

FP: ` 5,00,000/- AP: ` 1,000/-

Within 180 days: 0.50% of applicable NAV. After 180 days: Nil. Monthly Dividend (Payout / Reinvestment /Sweep) FP: ` 5,000/- AP: ` 1,000/-

Direct PlanQuarterly Dividend (Payout / Reinvestment /Sweep) FP: ` 5,000/- AP: ` 1,000/-

Growth FP: ` 5,000/- AP: ` 1,000/-

Birla Sun Life Medium Term Plan Regular PlanQuarterly Dividend (Payout / Reinvestment)

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

Growth

GrowthFP: ` 5,000/-AP: ` 1,000/-

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

Birla Sun Life Floating Rate Fund - Long Term Plan

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

Growth


NilDirect Plan

Birla Sun Life Floating Rate Fund - Short Term Plan

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

Growth


NilDirect Plan

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

Dividend ReinvestmentFP: ` 5,000/-AP: ` 1,000/-

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

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

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

FP: ` 5,000/-AP: ` 1,000/-

within 30 days/0.50% of applicable NAVDirect Plan Growth

Birla Sun Life Gilt Plus - Regular Plan Regular Plan Quarterly Dividend (Payout / Reinvestment /Sweep)Growth

GrowthFP: ` 5,000/-AP: ` 1,000/-

For Liquid Plan, Regular Plan & PF Plan (Quarterly/Annual Div) Nil For PF Plan (Growth) within 365 days/1% of applicable NAV.

Direct Plan

Birla Sun Life Gilt Plus - Liquid Plan Regular Plan Quarterly Dividend (Payout / Reinvestment /Sweep)Annual Dividend (Payout / Reinvestment /Sweep)

GrowthDirect Plan

Birla Sun Life Gilt Plus - PF Plan Regular Plan Quarterly Dividend (Payout / Reinvestment /Sweep)Growth (Quarterly Gain / Annual Gain)Direct Plan

Birla Sun Life Government Securities Fund- Long Term Plan

Regular Plan Dividend (Payout / Reinvestment)Growth

Growth FP: ` 5,000/-AP: ` 1,000/-

within 365 days/1.00% of applicable NAV.Direct Plan

Birla Sun Life Government Securities Fund- Short Term Plan

Regular Plan Daily Dividend (Reinvestment)Growth

GrowthFP: ` 5,000/-AP: ` 1,000/-

NilDirect Plan


Regular Plan Dividend (Payout / Reinvestment /Sweep)Growth

Dividend Reinvestment FP: ` 5,000/-AP: ` 1,000/-

before 90 days/0.75% of applicable NAV.after 90 days to 180days/0.50% of applicable NAV.after 180 days/Nil of applicable NAV.Direct Plan

Birla Sun Life Short Term Opportunities Fund

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

Growth

GrowthFP: ` 5,000/-AP: ` 1000/-

For redemption / switch-out of units within 365 days from the date of allotment: 0.50% of applicable NAV.

Direct Plan


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

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

54

Funds at a GlanceLIST OF PLANS/OPTIONS DISCONTINUED FOR FURTHER SUBSCRIPTIONS W.E.F OCTOBER 01, 2012

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

Birla Sun Life Cash Plus Retail Plan Daily Dividend

Nil

Growth

Daily Dividend

Institutional Plan Weekly Dividend

Growth

Birla Sun Life Cash ManagerInstitutional Plan

Daily DividendWeekly Dividend

GrowthNil

Birla Sun Life Savings FundRetail Plan


GrowthNil

Birla Sun Life Ultra Short Term FundRetail Plan

Daily DividendFortnightly Dividend

GrowthNil

Birla Sun Life Medium Term Plan

Institutional Plan

Quarterly DividendHalf Yearly Dividend

DividendGrowth

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

Birla Sun Life Floating Rate Fund - Short Term Plan Retail Plan

Daily Dividend Weekly Dividend

GrowthNil

Birla Sun Life Floating Rate Fund - Long Term Plan Retail Plan

Weekly DividendGrowth

Nil

Birla Sun Life Government Securities Fund - Short Term Plan

Institutional Plan


DividendGrowth

Nil

Birla Sun Life Enhanced Arbitrage FundInstitutional Plan*

DividendGrowth

before 90 days/0.75% of applicable NAV.after 90 days to 180days/0.50% of applicable NAV.after 180 days/Nil of applicable NAV.

Birla Sun Life Short Term Opportunities FundInstitutional Plan

Quarterly DividendDividendGrowth

For redemption / switch-out of units within 365 days from the date of allotment: 0.50% of applicable NAV.

*Pursuant to SEBI Circular No. CIR/IMD/DF/21/2012 dated September 13, 2012 the aforesaid plans/options under respective scheme(s) stand discontinued for further subscriptions w.e.f October 01, 2012. The existing investments, if any, under above plan/option shall continue till such investors remain invested in the said plan/option.*Said Plans/Options stand discontinued and closed as there are no Unitholders thereunder.


55

Funds at a GlanceREGULAR INCOME SOLUTIONS

SCHEME PLAN/ OPTION DEFAULT OPTION** MINIMUMINVESTMENTAMOUNT

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

Birla Sun Life Monthly IncomeRegular Plan

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

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

FP: ` 25,000/-AP: ` 5,000/-

within 365 days/1% of applicable NAV.

Direct Plan GrowthFP: ` 5,000/-AP: ` 1,000/-

Birla Sun Life MIP Regular Plan Monthly Dividend (Payout/Reinvestment/Sweep)Monthly Payment (Instant / Deferred)

Growth

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

FP: Dividend & Payment Option ` 25,000/- Growth: ` 5,000/-AP: ` 1,000/-


Direct Plan

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

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

FP: Dividend & Payment Option ` 25,000/-Growth ` 5,000/-AP: ` 1,000/-

within 365 days/1% of applicable NAV.Direct Plan

Birla Sun Life MIP II - Wealth 25 Plan Regular Plan Monthly Dividend (Payout / Reinvestment /Sweep)Monthly Payment

Growthwithin 365 days/1% of applicable NAV.

Direct Plan

WEALTH CREATION SOLUTIONS

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

Birla Sun Life Dividend Yield Plus*PF Plan*

DividendGrowth


Birla Sun Life Commodity Equities Fund (Global Agri Plan, Global Precious Metals Plan, Global Multi Commodity Plan)

Institutional Plan*DividendGrowth

within 30 days/3% of applicable NAV.after 30 days but before 365 days/1% of applicable NAV.

LIST OF PLANS/OPTIONS DISCONTINUED FOR FURTHER SUBSCRIPTIONS W.E.F OCTOBER 01, 2012

*Pursuant to SEBI Circular No. CIR/IMD/DF/21/2012 dated September 13, 2012 the aforesaid plans/options under respective scheme(s) stand discontinued for further subscriptions w.e.f October 01, 2012. The existing investments, if any, under above plan/option shall continue till such investors remain invested in the said plan/option.*Said Plans/Options stand discontinued and closed as there are no Unitholders thereunder.




TAX SAVINGS SOLUTIONS



Birla Sun Life Tax Relief ‘96 Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Payout

FP: ` 500/-A : ` 500/-

NilDirect Plan Growth

Birla Sun Life Tax Plan Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Payout

FP: ` 500/-AP: ` 500/-




56

Funds at a Glance



Birla Sun Life Equity Fund Regular Plan Dividend (Payout/Reinvestment/Sweep) Dividend Reinvestment FP: ` 5,000/-AP: ` 1,000/- within 365 days/1% of applicable NAV.

Direct Plan Growth

Birla Sun Life Advantage Fund Regular Plan Dividend (Payout/Reinvestment/Sweep) Dividend Reinvestment FP: ` 5,000/-AP: ` 1,000/- within 7 days/0.50% of applicable NAV.

Direct Plan Growth

Birla Sun Life Midcap Fund Regular Plan Dividend (Dividend / Reinvestment / Sweep)

Growth (Growth with Triggered Facility)Dividend Reinvestment

FP: ` 5,000/-AP: ` 1,000/-


Birla Sun Life Frontline Equity Fund Regular Plan Dividend (Dividend / Growth / Sweep)Growth



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



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

FP: ` 5,000/-AP: ` 1,000/-

within 365 days/1% of applicable NAV.Direct Plan Growth

Birla Sun Life New Millennium Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment

FP: ` 5,000/-AP: ` 1,000/-


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

FP: ` 5,000/-AP: ` 1,000/-

within 365 Days/1% of applicable NAV. Direct Plan Growth

Birla Sun Life Buy India Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment

FP: ` 5,000/-AP: ` 1,000/-

within 7 days/0.50% of applicable NAV.Direct Plan Growth

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

FP: ` 5,000/-AP: ` 1,000/-


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

FP: ` 5,000/-AP: ` 1,000/-



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

FP: ` 5,000/-AP: ` 1,000/-


Birla Sun Life Small & Midcap Fund Regular Plan Dividend (Payout / Reinvestment)Dividend Payout

FP: ` 5,000/-AP : ` 1,000/-


Birla Sun Life India Reforms Fund Regular Plan Dividend (Payout / Reinvestment)Dividend Reinvestment

FP: ` 5,000/-AP : ` 1,000/-

within 1 year/1% of applicable NAV.Direct Plan Growth

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

FP: ` 5,000/-AP: ` 1,000/-


Birla Sun Life ‘95 Fund Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment

FP: ` 5,000/-AP: ` 1,000/-


Birla Sun Life Asset Allocation Fund - Aggressive Plan Regular Plan

Dividend (Payout / Reinvestment)Growth


NilBirla Sun Life Asset Allocation Fund - Moderate Plan

Direct PlanBirla Sun Life Asset Allocation Fund - Conservative Plan

Birla Sun Life Special Situations Fund Regular Plan Dividend (Payout/Reinvestment/Sweep) • Choice of Plan : Growth• Choice of Option : Reinvestment

FP: ` 5,000/-AP: ` 1,000/-


Birla Sun Life Commodity Equities Fund (Global Agri Plan, Global Precious Metals Plan, Global Multi Commodity Plan)

Regular Plan Dividend (Payout / Reinvestment /Sweep)

GrowthGrowth / Reinvestment

FP: ` 5,000/-AP: ` 1,000/-

within 30 days/3% of applicable NAV.after 30 days but before 365 days/1% of ap-plicable NAV.Direct Plan

Birla Sun Life International Equity Fund (Plan A) Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment

FP: ` 5,000/-AP: ` 1,000/-


Birla Sun Life International Equity Fund (Plan B) Regular Plan Dividend (Payout/Reinvestment/Sweep)Dividend Reinvestment

FP: ` 5,000/-AP: ` 1,000/-


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

FP : ` 5,000/-AP : ` 1,000/-



Regular Plan Dividend (Payout/Reinvestment)Dividend Reinvestment

FP: ` 5,000/-AP: ` 1,000/-






57

Investment ObjectiveSAVINGS SOLUTIONS

Birla Sun Life Cash Plus 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.

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

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

Birla Sun Life Ultra Short Term Fund 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.

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

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

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

Birla Sun Life Short Term Fund(Erstwhile Birla Sun Life Income Fund) Name change (w.e.f. 01 Feb, 2012)

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.

Birla Sun Life Floating Rate Fund Short Term Plan

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.

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

Birla Sun Life Government Securities Fund

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.


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

Birla Sun Life Short Term Opportunties Fund

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


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

Birla Sun Life MIP The primary objective of the scheme is to generate regular income so as to make monthly distributions to unit holders with the secondary objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets primarily in 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.)

Birla Sun Life MIP II - Wealth 25 Plan

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.

Birla Sun Life MIP II - Savings 5 Plan

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.


Birla Sun Life Tax Relief ‘96 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

Birla Sun Life Tax Plan 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.


58

Investment Objective

Birla Sun Life Equity Fund 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.

Birla Sun Life Advantage Fund 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.

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

Birla Sun Life Frontline Equity Fund 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.

Birla Sun Life Infrastructure Fund 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.

Birla Sun Life India GenNext Fund 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.

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

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

Birla Sun Life Buy India Fund 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. The secondary objective is income generation and distribution of dividend.

Birla Sun Life MNC Fund 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.

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

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

Birla Sun Life Dividend Yield Plus 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.

Birla Sun Life ‘95 Fund An Open ended Balanced Scheme with the objective to generate long term growth of capital and current income, through a portfolio with a target allocation of 60% equity and 40% debt and money market securities. The secondary objective is income generation and distribution of dividend.

Birla Sun Life Asset Allocation Fund 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 Fund schemes in line with the risk profile of the investors.

Birla Sun Life Special Situations Fund 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.

Birla Sun Life Commodity Equities Fund

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


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.


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.

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

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

Birla Sun Life Pure Value Fund An Open ended Diversified Equity Scheme with the objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy.


An Open ended Diversified Equity Scheme with an to provide long-term capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities.



59

Dividend History (For select Schemes)

SAVINGS SOLUTIONS

DEBT Schemes Declared on date Face Value

Non Corporate CorporateCum Dividend NAV#

(` per unit)Dividend#


(` per unit)

Birla Sun Life Savings Fund – Institutional Monthly Dividend

11-Feb-1128-Jan-1131-Dec-10

10.0010.0010.00

0.03500.04970.0587

0.02870.06070.0547

10.309910.338410.3413

Birla Sun Life Savings Fund – Retail Monthly Dividend

11-Feb-1128-Jan-1131-Dec-10

10.0010.0010.00

0.03500.04690.0529

0.02870.05730.0493

10.284810.310810.3105

Birla Sun Life Ultra Short Term Fund - Monthly Dividend

11-Feb-1131-Jan-1131-Dec-10

10.0010.0010.00

0.02500.06600.0532

0.02050.05400.0496

10.806810.847410.8361

Birla Sun Life Dynamic Bond Fund – Retail Monthly Dividend - Regular Plan

28-Jan-13 10.00 0.1294 0.0977 10.6652

Birla Sun Life Dynamic Bond Fund – Retail Monthly Dividend - Direct Plan

28-Jan-13 10.00 0.1294 0.0977 10.6683

Birla Sun Life Dynamic Bond Fund – Retail Quarterly Dividend

31-Dec-1228-Sep-1229-Jun-12

10.0010.0010.00

0.22750.29990.2862

0.17180.22640.2161

11.626411.670011.6197

Birla Sun Life Income Plus Dividend17-Dec-1217- Sep-1215-Jun-12

10.0010.0010.00

0.27700.28650.3695

0.20910.21630.2790

12.640112.628612.7251

Birla Sun Life Short Term Fund - Monthly Dividend - Regular Plan

15-Jan-13 10.00 0.1011 0.0763 11.7351

Birla Sun Life Short Term Fund - Monthly Dividend - Direct Plan

15-Jan-13 10.00 0.1011 0.0763 11.7357

Birla Sun Life Short Term Fund- Half Yearly Dividend

15-Mar-1016-Mar-0917-Mar-08

10.0010.0010.00

0.24530.44670.4752

0.22830.41580.4423

11.555711.949611.6359

Birla Sun Life Short Term Fund - Quarterly Dividend

15-Dec-1115-Sep-1115-Jun-11

10.0010.0010.00

0.11310.08560.1443

0.08540.06460.1090

11.660611.620111.4526

Birla Sun Life Gilt Plus - Liquid Plan – Quarterly Dividend

17-Dec-1215-Jun-1215-Mar-12

10.0010.0010.00

0.43250.13350.1311

0.32650.10080.0990

11.083210.796410.7187

Birla Sun Life Gilt Plus - PF Plan Quarterly Dividend

17-Dec-1217-Sep-1215-Jun-12

10.0010.0010.00

0.27870.29000.0762

0.21040.21900.0575

11.454211.464811.3321

Birla Sun Life Gilt Plus - Regular Plan Quarterly Dividend

17-Dec-1217-Sep-1215-Jun-12

10.0010.0010.00

0.24310.25460.1990

0.18350.19220.1503

12.445612.444512.5520

Birla Sun Life Government Securities Fund - Long Term Dividend

17-Sep-1215-Mar-1215-Sep-11

10.0010.0010.00

0.63970.39100.3960

0.48300.29520.2990

11.953911.799911.5941

Birla Sun Life Government Securities Fund - Short Term Dividend

29-Feb-1215-Dec-1015-Sep-10

10.0010.0010.00

0.00160.11080.1120

0.00220.10320.1044

10.003110.240710.2297

Note: The NAV of the scheme, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable). Past performance may or may not be sustained in future.


DEBT Schemes Declared on date Face Value

Non Corporate CorporateCum Dividend NAV#



(` per unit)

Birla Sun Life Monthly Income - Monthly Dividend - Regular Plan

31-Jan-1331-Dec-1230-Nov-12

10.0010.0010.00

0.07750.07730.0742

0.05850.05840.0560

11.582411.559911.5223

Birla Sun Life Monthly Income - Monthly Dividend - Direct Plan

31-Jan-13 10.00 0.0775 0.0585 11.5875

Birla Sun Life Monthly Income - Quarterly Dividend

31-Dec-1228-Sep-1229-Jun-12

10.0010.0010.00

0.21600.20550.1840

0.16310.15520.1389

12.263712.182111.9610

Birla Sun Life MIP - Monthly Dividend Plan - Regular Plan

28-Jan-1328-Dec-1230-Nov-12

10.0010.0010.00

0.07800.07030.0798

0.05890.05310.0603

11.685111.619811.6141

Birla Sun Life MIP II - Wealth 25 Plan Monthly Dividend Plan - Regular Plan

28-Jan-1328-Dec-1230-Nov-12

10.0010.0010.00

0.07880.07080.0794

0.05950.05350.0599

11.786911.743411.6905

Birla Sun Life MIP II - Savings 5 Plan Monthly Dividend Plan - Regular Plan

28-Jan-1328-Dec-1230-Nov-12

10.0010.0010.00

0.07910.07140.0815

0.05970.05390.0615

11.901911.794511.7927

Birla Sun Life MIP II - Savings 5 Plan Monthly Dividend Plan - Direct Plan

28-Jan-13 10.00 0.0791 0.0597 11.9064



60

Dividend History (For select Schemes)

EQUITY SCHEMES Declared on date Dividend# (` per unit) Face value (`) Cum Dividend NAV (` per unit)

Birla Sun Life Equity Fund24-Aug-1220-May-1115-Oct-10

3.003.005.00

10.0010.0010.00

60.8965.6982.36

Birla Sun Life Advantage Fund25-May-1204-Feb-1106-Aug-10

4.004.507.00

10.0010.0010.00

66.9881.1793.39

Birla Sun Life Midcap Fund22-Jun-1214-Jan-1116-Jul-10

1.502.001.50

10.0010.0010.00

19.9724.2926.01

Birla Sun Life Frontline Equity Fund09-Nov-1227-Apr-1204-Feb-11

0.501.001.25

10.0010.0010.00

21.2919.7121.65

Birla Sun Life India GenNext Fund22-Jun-1214-Jan-1116-Jul-10

1.001.001.00

10.0010.0010.00

14.0114.3914.97

Birla Sun Life New Millennium Fund09-Sep-1026-Feb-1023-Sep-09

0.850.751.00

10.0010.0010.00

14.1613.4914.02

Birla Sun Life Top 100 Fund - Regular Plan31-Jan-1322-Jun-1220-May-11

1.001.000.80

10.0010.0010.00

14.9513.3714.53

Birla Sun Life Buy India Fund21-Sep-1229-Apr-1109-Sep-10

1.001.751.75

10.0010.0010.00

22.8123.7527.83

Birla Sun Life MNC Fund09-Nov-1227-Apr-1225-Feb-11

4.005.005.25

10.0010.0010.00

89.2186.8376.71

Birla Sun Life Index Fund - Regular Plan 31-Jan-1323-Mar-073-Feb-04

2.006.501.65

10.0010.0010.00

22.7621.8311.99

Birla Sun Life Index Fund - Direct Plan 31-Jan-13 2.00 10.00 22.77

Birla Sun Life India Opportunities Fund09-Nov-1225-Feb-1127-Aug-10

0.751.251.25

10.0010.0010.00

16.2917.3819.28

Birla Sun Life Dividend Yield Plus20-Jul-1213-Feb-1217-Jun-11

0.500.500.60

10.0010.0010.00

12.4913.2013.73

Birla Sun Life ‘95 Fund13-Feb-1229-Apr-1115-Oct-10

5.006.507.50

10.0010.0010.00

105.20114.40124.32




EQUITY SCHEMES Declared on date Dividend# (` per unit) Face value (`) Cum Dividend NAV (` per unit)

Birla Sun Life Tax Relief ‘9631-Mar-1112-Mar-1031-Aug-09

4.007.004.00

10.0010.0010.00

82.8585.2178.56

Birla Sun Life Tax Plan20-May-1117-Sep-1012-Mar-10

1.002.007.50

10.0010.0010.00

45.1350.6951.60



61

Industry AllocationSAVINGS SOLUTIONS



Allocation as a % of Net Assets %

Banks 20.53%

Software 9.04%

Finance 8.61%

Pharmaceuticals 7.44%

Auto Ancillaries 5.99%

Cement 4.92%

Consumer Non Durables 4.66%

Petroleum Products 4.65%

Auto 4.13%

Transportation 3.53%

Retailing 3.28%

Pesticides 3.11%

Construction Project 2.99%

Industrial Capital Goods 2.83%

Industrial Products 2.23%

Media & Entertainment 2.00%

Non - Ferrous Metals 1.74%

Ferrous Metals 1.20%

Power 1.10%

Minerals/Mining 1.01%

Oil 0.98%

Consumer Durables 0.91%

Cash & Cash Equivalents 1.99%

Net receivables / payables 0.01

Total Net Assets 100%

Note: The above Allocation is as on January 31, 2013 as per Industry classification as recommended by AMFI.

Birla Sun Life Tax Relief ‘96


Banks 20.70%

Software 9.09%

Finance 8.65%

Pharmaceuticals 7.48%

Auto Ancillaries 6.02%

Cement 4.95%

Consumer Non Durables 4.69%

Petroleum Products 4.68%

Auto 4.16%

Transportation 3.55%

Retailing 3.30%

Pesticides 3.12%

Construction Project 3.00%


Industrial Products 2.24%

Media & Entertainment 2.01%

Non - Ferrous Metals 1.75%

Ferrous Metals 1.21%

Power 1.11%

Minerals/Mining 1.02%

Oil 0.98%

Consumer Durables 0.91%


Net receivables / payables 1.07%



Birla Sun Life EnhancedArbitrage Fund


Banks 29.78%

Retailing 16.67%

Power 8.65%

Software 8.39%


Future and Options -71.15%


Net receivables / payables 85.38%


62

Industry Allocation

Birla Sun Life Equity Fund


Banks 21.14%Software 10.61%Pharmaceuticals 8.38%Consumer Non Durables 7.70%Finance 6.36%Power 4.87%Auto Ancillaries 4.38%Non - Ferrous Metals 4.26%Oil 3.72%Cement 3.71%Minerals/Mining 2.79%Auto 2.79%Construction Project 2.77%Transportation 2.44%Construction 1.52%Consumer Durables 1.39%Industrial Capital Goods 1.29%Petroleum Products 1.20%Gas 1.08%Industrial Products 1.02%Textile Products 0.86%Retailing 0.71%Media & Entertainment 0.28%Others 0.02%Telecom - Services 0.00%Cash & Cash Equivalents 5.38%Net receivables / payables -0.66%Total Net Assets 100%




Birla Sun Life Advantage Fund


Banks 23.57%Software 11.17%Consumer Non Durables 5.99%Finance 5.60%Pharmaceuticals 5.31%Power 4.41%Media & Entertainment 4.00%Cement 3.81%Construction 3.52%Petroleum Products 3.44%Construction Project 3.43%Auto 3.21%Transportation 2.83%Trading 2.28%Auto Ancillaries 2.28%Retailing 1.90%Engineering Services 1.61%Telecom - Services 1.59%Industrial Capital Goods 1.52%Oil 1.45%Pesticides 1.30%Non - Ferrous Metals 1.13%Chemicals 1.03%Industrial Products 0.99%Ferrous Metals 0.49%IT Consulting & Services 0.00%Cash & Cash Equivalents 1.06%Net receivables / payables 1.05%Total Net Assets 100%

Birla Sun Life Midcap Fund


Banks 16.25%Pharmaceuticals 9.67%Finance 8.12%Consumer Non Durables 6.08%Auto Ancillaries 5.81%Cement 5.56%Construction 4.74%Industrial Products 4.62%Chemicals 4.52%Industrial Capital Goods 4.36%Power 3.90%Media & Entertainment 3.87%Software 3.74%Consumer Durables 3.45%Transportation 2.78%Fertilisers 2.55%Construction Project 2.25%Gas 1.94%Petroleum Products 1.67%Retailing 1.07%Auto 0.55%Future and Options -0.37%Cash & Cash Equivalents 2.46%Net receivables / payables 0.43%Total Net Assets 100%



Banks 20.26%Software 11.86%Consumer Non Durables 7.63%Finance 7.23%Pharmaceuticals 7.15%Petroleum Products 4.08%Cement 4.01%Auto 3.73%Auto Ancillaries 3.68%Oil 3.31%Construction Project 3.24%Transportation 2.47%Industrial Products 2.45%Media & Entertainment 2.40%Industrial Capital Goods 2.18%Minerals/Mining 2.08%Ferrous Metals 1.74%Power 1.71%Telecom - Services 1.70%Non - Ferrous Metals 1.58%Telecom-Equipment & Accessories 0.40%

Future and Options 0.52%Cash & Cash Equivalents 7.01%Net receivables / payables -2.42%Total 100%

Birla Sun Life New Millennium Fund


Software 80.86%Media & Entertainment 11.59%Telecom - Services 7.24%Cash & Cash Equivalents 1.01%Net receivables / payables -0.69%Total Net Assets 100.00%

Birla Sun Life Infrastructure Fund


Banks 29.71%Industrial Products 11.21%Power 8.99%Construction Project 7.36%Cement 6.29%Industrial Capital Goods 5.97%Oil 5.00%Petroleum Products 4.36%Auto 4.09%Auto Ancillaries 3.33%Engineering Services 2.75%Ferrous Metals 2.71%Gas 2.04%Transportation 1.53%Minerals/Mining 1.05%Construction 0.92%Finance 0.75%Non - Ferrous Metals 0.35%Cash & Cash Equivalents 17.04%Net receivables / payables -15.46%Total Net Assets 100%

Birla Sun Life India GenNext Fund


Banks 20.22%Consumer Non Durables 15.93%Pharmaceuticals 12.30%Media & Entertainment 11.53%Auto 5.13%Finance 4.96%Construction 4.22%Transportation 3.23%Textile Products 3.11%Consumer Durables 2.76%Auto Ancillaries 2.35%Cement 2.10%Diversified Consumer Services 1.76%

Retailing 1.70%Petroleum Products 1.65%Telecom - Services 1.28%Healthcare Services 1.13%Chemicals 0.91%Cash & Cash Equivalents 2.77%Net receivables / payables 0.97%Total Net Assets 100%

Birla Sun Life Top 100 Fund


Banks 22.92%Software 11.78%Pharmaceuticals 7.99%Finance 6.79%Consumer Non Durables 5.61%Oil 4.22%Auto 4.06%Petroleum Products 4.03%Cement 4.01%Minerals/Mining 3.41%Construction Project 2.81%Non - Ferrous Metals 2.75%Auto Ancillaries 2.53%Power 2.02%Ferrous Metals 1.97%Industrial Products 1.93%Industrial Capital Goods 1.51%Consumer Durables 1.39%Gas 1.12%Transportation 0.82%Telecom - Services 0.67%Future and Options 0.57%Cash & Cash Equivalents 8.77%Net receivables / payables -3.65%Total Net Assets 100%

63

Industry Allocation



Birla Sun Life Buy India Fund


Consumer Non Durables 19.12%Banks 18.09%Pharmaceuticals 12.93%Finance 11.63%Pesticides 7.58%Transportation 7.34%Retailing 6.54%Auto 6.09%Auto Ancillaries 4.43%Media & Entertainment 2.51%Consumer Durables 1.72%Gas 1.13%Hotels 0.72%Cash & Cash Equivalents 0.87%Net receivables / payables -0.68%Total Net Assets 100%

Birla Sun Life MNC Fund


Consumer Non Durables 22.21%Finance 11.37%Pharmaceuticals 10.87%Industrial Capital Goods 10.42%Banks 8.33%Auto Ancillaries 7.80%Pesticides 6.81%Auto 5.14%Industrial Products 4.70%Software 4.15%Cement 3.02%Consumer Durables 2.39%Petroleum Products 0.95%Transportation 0.67%Construction 0.56%Textiles - Synthetic 0.00%Textiles - Cotton 0.00%Paper 0.00%Cash & Cash Equivalents 1.37%Net receivables / payables -0.75%Total Net Assets 100%

Birla Sun Life Index Fund


Banks 19.21%Software 11.40%Consumer Non Durables 11.11%Auto 7.48%Petroleum Products 7.39%Finance 6.68%Pharmaceuticals 4.38%Construction Project 3.91%Cement 3.55%Oil 3.49%Power 2.78%Ferrous Metals 2.03%Telecom - Services 1.91%Minerals/Mining 1.39%Industrial Capital Goods 1.11%Gas 0.72%Non - Ferrous Metals 0.70%Construction 0.48%Future and Options 8.03%Cash & Cash Equivalents 7.03%Net receivables / payables -4.79%Total Net Assets 100%



Software 31.16%Pharmaceuticals 18.54%Industrial Capital Goods 9.33%Non - Ferrous Metals 8.00%Industrial Products 7.93%Finance 7.23%Power 4.38%Auto 4.23%Petroleum Products 3.47%Construction Project 2.55%Auto Ancillaries 2.19%Media & Entertainment 0.54%Paper 0.00%Consumer Non Durables 0.00%Cash & Cash Equivalents 0.65%Net receivables / payables -0.20%Total Net Assets 100%



Banks 21.98%Consumer Non Durables 14.43%Software 8.48%Auto 7.06%Petroleum Products 6.31%Oil 4.86%Finance 4.86%Media & Entertainment 3.50%Industrial Products 3.22%Minerals/Mining 2.94%Cement 2.88%Pharmaceuticals 2.69%Power 2.32%Transportation 2.05%Fertilisers 1.91%Ferrous Metals 1.76%Textile Products 1.33%Chemicals 1.07%Gas 1.02%Industrial Capital Goods 0.96%Construction Project 0.80%Consumer Durables 0.55%Paper 0.49%Cash & Cash Equivalents 3.30%Net receivables / payables -0.76%Total Net Assets 100%



Banks 15.88%PSUs 13.00%Software 9.67%Pharmaceuticals 6.27%Finance 5.64%Corporate Debt 5.44%Consumer Non Durables 5.25%Auto 3.57%Cement 3.31%Oil 3.12%Non - Ferrous Metals 2.99%Auto Ancillaries 2.82%Petroleum Products 1.51%Construction Project 1.42%Industrial Products 1.41%Transportation 1.39%Consumer Durables 1.29%Power 1.11%Industrial Capital Goods 1.08%Media & Entertainment 0.84%Gas 0.77%Minerals/Mining 0.75%Retailing 0.67%Government Bond 0.51%IT Consulting & Services 0.02%Cash & Current Assets 10.28%Total 100%

64

Industry Allocation



Birla Sun Life Pure Value Fund


Banks 25.12%Consumer Non Durables 15.03%Pharmaceuticals 10.27%Non - Ferrous Metals 6.37%Software 6.07%Cement 6.02%Fertilisers 4.40%Media & Entertainment 3.96%Auto Ancillaries 3.68%Oil 3.23%Industrial Products 3.21%Power 2.91%Gas 2.47%Petroleum Products 2.38%Cash & Cash Equivalents 4.90%Net receivables / payables -0.02%Total Net Assets 100%



Banks 18.34%Consumer Non Durables 7.91%Pharmaceuticals 7.56%Software 5.94%Chemicals 5.63%Textile Products 5.44%Cement 5.39%Power 5.29%Auto Ancillaries 5.17%Finance 4.56%Industrial Capital Goods 4.04%Industrial Products 3.88%Media & Entertainment 3.74%Engineering Services 2.54%Transportation 2.35%Construction 2.35%Diversified Consumer Services 1.98%

Gas 1.39%Auto 1.30%Consumer Durables 1.10%Minerals/Mining 0.36%Cash & Cash Equivalents 3.69%Net receivables / payables 0.07%Total Net Assets 100%

Birla Sun Life India Reforms Fund


Banks 27.80%Power 11.51%Construction Project 11.34%Fertilisers 6.40%Oil 6.34%Media & Entertainment 5.89%Retailing 4.54%Engineering Services 3.83%Petroleum Products 3.77%Finance 3.69%Industrial Capital Goods 3.66%Transportation 2.77%Industrial Products 2.55%Minerals/Mining 1.80%Gas 1.33%Consumer Non Durables 1.24%Cash & Cash Equivalents 2.26%Net receivables / payables -0.71%Total Net Assets 100%

Birla Sun Life Long TermAdvantage Fund


Banks 21.20%Software 10.65%Consumer Non Durables 9.50%Finance 6.92%Pharmaceuticals 5.17%Auto 4.22%Cement 3.85%Gas 3.67%Petroleum Products 3.41%Auto Ancillaries 3.26%Construction Project 3.16%Power 2.92%Oil 2.48%Non - Ferrous Metals 2.47%Ferrous Metals 2.24%Telecom - Services 2.02%Industrial Products 1.58%Transportation 1.56%Retailing 1.00%Consumer Durables 0.82%Textile Products 0.80%Media & Entertainment 0.71%Minerals/Mining 0.68%Engineering Services 0.61%Pesticides 0.57%Fertilisers 0.54%Construction 0.54%Industrial Capital Goods 0.50%Cash & Cash Equivalents 2.08%Net receivables / payables 0.85%Total Net Assets 100%

65

Country/Industry Allocation





United States of America 17.21%Banks 16.02%Software 9.27%Consumer Non Durables 6.67%Finance 5.69%Cement 4.71%Auto 3.03%Oil 3.02%Hong Kong 2.99%Pharmaceuticals 2.84%Media & Entertainment 2.82%Construction Project 2.77%Transportation 2.72%Non - Ferrous Metals 2.38%Petroleum Products 2.24%Minerals/Mining 1.66%Germany 1.46%Ferrous Metals 1.36%Industrial Products 1.22%Textile Products 1.19%Switzerland 0.90%Norway 0.90%Auto Ancillaries 0.85%United Kingdom 0.68%Power 0.61%France 0.50%Denmark 0.49%Australia 0.35%Cash & Cash Equivalents 3.79%Net receivables / payables -0.32%Total Net Assets 100%

Birla Sun Life CommodityEquities Fund - Global Agri Plan


United States of America 51.98%Germany 8.10%United Kingdom 7.66%Brazil 6.24%Singapore 5.02%Norway 4.53%Canada 3.80%Israel 3.64%Switzerland 2.97%Australia 2.69%Malaysia 1.93%Hong Kong 0.00%Cash & Cash Equivalents 1.85%Net receivables / payables -0.41%Total Net Assets 100%

Birla Sun Life CommodityEquities Fund - Global Multi

Commodity PlanAllocation as a % of Net Assets %

United States of America 65.27%Canada 10.20%Germany 6.17%Italy 3.36%Switzerland 3.33%Norway 2.99%United Kingdom 2.93%AUSTRIA 2.17%Australia 1.99%France 1.10%Brazil 0.97%Hong Kong 0.00%Cash & Cash Equivalents 1.90%Net receivables / payables -2.38%Total Net Assets 100%



United States of America 62.07%Hong Kong 11.08%Germany 5.14%Norway 3.27%Switzerland 3.13%United Kingdom 2.37%Denmark 1.84%France 1.75%Australia 1.12%Cash & Cash Equivalents 9.45%Net receivables / payables -1.24%Total Net Assets 100%

Birla Sun Life CommodityEquities Fund - Global Precious

Metals PlanAllocation as a % of Net Assets %

United States of America 59.26%Canada 30.66%Australia 3.15%United Kingdom 3.09%Hong Kong 1.58%Cash & Cash Equivalents 3.34%Net receivables / payables -1.07%Total Net Assets 100%

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