investment report -...

Investment Report

Quarterly Market Round up for Oct-Dec 2009

India's real GDP grew 7.9% y-o-y the July-September quarter (Q2). GDP grew at 6.1% in the April-July quarter and at

5.8% in each of the preceding last two quarters. Agriculture and allied activities decelerated by 0.9% y-o-y in Q2 from

2.7% in Q2 FY09, while industry grew at 8.3% (6.1% in Q2 FY09) and services grew at 9.3% (9.8% in Q2 FY09).

IIP grew 10.3% y-o-y in October, slower than general market expectations of 12%. In September, IIP grew by 9.6% and in

August, IIP grew by 10.4%. In April-Oct, the industrial sector grew 7.1% as compared with 4.3% the same period in

FY09. Manufacturing grew 11.1% y-o-y in October against a drop of 0.6% a year ago, consumer durables output grew

21% (-1.6%), mining grew 8.2% (3.2%) and power generation grew 4.7% (4.4%).

India's current account deficit widened in July-Sept quarter to $12.63 billion from $5.99 billion in April-June. The deficit

was $12.58 billion in the July-Sept quarter of the FY09. Trade deficit for the quarter widened to $32.2 billion, from

$26.02 billion in April-June. The RBI said the balance of payments surplus in the July-Sept quarter was $9.42 billion, compared with a surplus of

$115 million in the April-June period. The balance of payments had a deficit of $4.73 billion in the corresponding quarter a year earlier. Exports

grew 18.2% y-o-y in November after registering declines for 13 straight months.

WPI inflation rate was up at 4.78% y-o-y in November while the food price index rose 18.65% y-o-y to December 19. Several forecasts believed

that headline inflation might have exceeded RBI's fiscal year-end projection of 6.5% in December itself. Prices of staples like potatoes were higher

by more than 125% as compared to the same period last year while vegetables, onions and pulses rose by more than 40%.

Besides inflation, the market also stayed wary of the deteriorating government finances. Fiscal deficit reached Rs. 3.06 trillion or 76% of the fiscal

budget target in November 2009, while revenues had fallen short of targets. Tax receipts were Rs 2.33 trillion and total expenditure was Rs 6.22

trillion for the first eight months of 2009/10 fiscal year. The government completed more than 85% of the planned borrowing by December.

Indian equity market was on a roll in 2009 as benchmark indices posted the best ever yearly performance in 18 years in sharp contrast to 2008.

Sensex closed with an impressive gain of 81.03% at 17464.81 while Nifty ended 75.76% higher at 5201.05 from last year.

FII inflows into Indian equities totalled Rs. 24807.10 crore in Oct-Dec. FIIs flocked back to the India growth story with inflows of over a record Rs

80,000 crore in 2009 after pulling out over Rs. 52,000 crore in 2008. A stable government at the Centre improved sentiment and outlook over

reforms like disinvestment, GST, Direct Tax Code and FDI in certain sectors.

FDI inflow was flat for Apr-Nov if compared with the previous fiscal but this was because of a strong rebound in November (+60% y-o-y) and

October (+56%).

In the Oct-Dec quarter, Sensex gained 1.97% and Nifty gained 2.30%. Among the sectors, metals outperformed with gains over 22% backed by

surge in base metal prices followed by healthcare and IT with gains of over 13% each. However, realty plunged 14.50%. Oil & gas also closed

marginally lower. Mid cap and Smaller cap indices gained attention due to valuation concerns in large caps. BSE small cap surged 10.11% while

BSE Midcap gained 6.22%.

The 10-year benchmark yield climbed 50 bps to end at 7.69% in December compared 7.19% in the previous quarter. The yield touched an

annual high of 7.75% from close to 5% levels at the beginning of 2009 while the 5-year yield rose to 7.22% from 5.12% during the year.

RBI provided ample cash conditions to the money market with banks parking

over a trillion rupees at the LAF reverse repos auctions consistently in the last

three quarters.

Robust Q2 GDP growth and rising inflation increased pressure on bonds in the

last couple of months. Surplus liquidity supported short-term yields but long-

term yields rose faster, leading to a steeper yield curve. RBI sent out signals to

prepare the market for the reversal of monetary policy by raising the SLR back

to 25%. The gap between 2-year and 10-year yield widened to above 200 bps

from 140 bps in the last quarter.

The rate futures segment launched on the NSE in August failed to pick up

steam while anticipated progress on repo in corporate bonds failed to arrive.

AAA 5-year yield ended at 8.34% from 8.45% at the end of the previous

quarter. The yield eased from the high of 9% in March, but was up 115 bps

from the low of 7.22% in April. Credit spread narrowed to 72 bps from a peak

of 327 bps.

The rupee appreciated 3.26% in Oct-Dec, to 46.54/$ from 48.11/$. The

appreciating stock market and foreign investors' inflows bolstered the rupee. It

sustained gains despite the solid rebound of the dollar in December against

nearly all major currencies. Through 2009, the rupee appreciated 4.5% but if

compared with the 51.97/$ trough in March, the rupee ended 10.5% stronger.

Investment Report December, 2009

Disclaimer: a) The views expressed are based on our own perception backed by adequate market research. b) The sources for the data are: RBI, BSE, NSE, Reuters.

Saravana KumarChief Investment Officer

10YR G-SEC YIELD - October - December,2009

6.60

6.80

7.00

7.20

7.40

7.60

7.80

01-Oct 12-Oct 23-Oct 03-Nov 14-Nov 25-Nov 06-Dec 17-Dec 28-Dec

Close/Bid -7.68Last- 7.68

High - 7.74Average - 7.39Low -7.17

BSE SENSEX - October - December,2009

13000

13500

14000

14500

15000

15500

16000

16500

17000

17500

18000

01-Oct 12-Oct 23-Oct 03-Nov 14-Nov 25-Nov 06-Dec 17-Dec 28-Dec

Close/Bid -17464.81Last-17464.81High 31/12/09 -17464.81Average -16863.14

Low -15404.94

Funds


BALANCED & GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

LIFE LIQUID FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

LIFE INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

LIFE EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

LIFE AGGRESSIVE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

LIFE STABLE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

LIFE SHORT-TERM FIXED INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . 7

LIFE GROWTH MAXIMISER FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

LIFE LARGE CAP EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

LIFE GROWTH ENABLER FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

LIFE CAPITAL GUARANTEE FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

LIFE SELECT EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

110% CAPITAL GUARANTEE FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

TATA AIG TOP 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

TATA AIG TOP 200 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

TATA AIG AGGRESSIVE FLEXI FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

TATA AIG STABLE FLEXI FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

TATA AIG BOND FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

TATA AIG APEX INVESTMENT FUND. . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

TATA AIG APEX RETURN LOCK-IN FUND . . . . . . . . . . . . . . . . . . . . . . . . . 20

INFRASTRUCTURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

SUPER SELECT EQUITY FUND. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

TATA AIG APEX RETURN LOCK-IN FUND - 2 . . . . . . . . . . . . . . . . . . . . . . . 23

SUPER 110% CAP GR FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

WHOLE LIFE AGGRESSIVE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . 25

WHOLE LIFE INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

WHOLE LIFE STABLE GROWTH FUND. . . . . . . . . . . . . . . . . . . . . . . . . . . 27

WHOLE LIFE MID-CAP EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . 28

WHOLE LIFE SHORT-TERM FIXED INCOME FUND . . . . . . . . . . . . . . . . . . . 29

FUTURE EQUITY PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

FUTURE GROWTH PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

FUTURE CAPITAL GUARANTEE PENSION FUND . . . . . . . . . . . . . . . . . . . . 32

FUTURE BALANCED PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . 33

FUTURE INCOME PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

FUTURE SELECT EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

1


Note: The investment income and prices may go down as well as up.


PERFORMANCE - BALANCED FUND(NAV [in Rs.] as on 31-Dec-09 is 19.3860)

PERFORMANCE - GROWTH FUND(NAV [in Rs.] as on is 23.6650))

31-Dec-09

PERIOD DATE NAV NAV Change

Last 1 Month 30-Nov-09 19.2250 0.84%

Last 3 Months 30-Sep-09 18.9880 2.10%

Last 6 Months 30-Jun-09 17.7580 9.17%

Last 1 Year 31-Dec-08 15.0180 29.09%

Since Inception 2-Mar-04 10.0000 93.86%

PERIOD DATE NAV NAV Change

Last 1 Month 30-Nov-09 23.3860 1.19%

Last 3 Months 30-Sep-09 23.1280 2.32%

Last 6 Months 30-Jun-09 21.0040 12.67%

Last 1 Year 31-Dec-08 16.5140 43.30%

Since Inception 2-Mar-04 10.0000 136.65%

Balanced andGrowth Fund


Investment Objective:

NAV Calculation:

Tax Benefits:

Fund Manager:

To provide safety of funds, liquidity and return on investments, in that order.

Daily

Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time.

Mr. Saravana Kumar

ASSET ALLOCATION

MATURITY PROFILE

RATING PROFILE


PERFORMANCE - LIFE LIQUID FUND (NAV [in Rs.] & CRISIL Liquid Fund Index as on 31-Dec-09 is 13.7880 and 1545.9790 respectively)

PERIOD DATE NAV CRISIL Liquid Fund Index NAV Change INDEX Change

Last 1 Month 30-Nov-09 13.7180 1542.3844 0.51% 0.23%

Last 3 Months 30-Sep-09 13.5810 1535.6730 1.52% 0.67%

Last 6 Months 30-Jun-09 13.3540 1525.5111 3.25% 1.34%

Last 1 Year 31-Dec-08 12.9170 1474.2575 6.74% 4.86%

Since Inception 2-Mar-04 10.0000 1103.1500 37.88% 40.14%

RATING % to NAV

P1+ 50.58

Cash Bank & Others 49.42

Total 100.00

Life Liquid Fund

2

ASSET ALLOCATION

CD/CP's 50.58


Net Assets 100.00

% to NAV

InstrumentPORTFOLIO

CD/CP's 50.58

Canara Bank 2010 - CD P1+ 10.28

Indian Oil Corp. 2010 - CP P1+ 10.07

ICICI Bank 2010 - CD P1+ 9.42

Corporation Bank 2010 - CD P1+ 8.94

Axis Bank 2010 -CD P1+ 5.86

State Bank of Patiala 2010 - CD P1+ 3.00

Bank of Baroda 2010 - CD P1+ 3.00

CASH BANK & OTHERS 49.42


Net Assets 100.00

Rating % of NAV

CD/CP's Cash, Bank & OthersP1+ Cash, Bank & Others

50.58%

49.42%

50.58%

49.42%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

Less than 1 Year


Life Income Fund


PERFORMANCE - LIFE INCOME FUND as on 31-Dec-09 is 13.2090 and respectively)(NAV [in Rs.] & CRISIL Composite Bond Fund Index 1566.5262


NAV Calculation:

Tax Benefits:

Fund Manager:

To provide long-term capital appreciation by investing in high credit quality fixed-income instruments. Stability of return and protection of principal over a long-term investment horizon will be the prime driver for investment management.

Daily


Mr. Saravana Kumar

3

ASSET ALLOCATION % to NAV

Corporate Bonds 73.50

Government Securities 13.51


CD/CP's 4.00

Net Assets 100.00

RATING % to NAV

AAA 72.72

Sovereign 13.51


AA+ 0.78

CD/CP's 4.00

Total 100.00

PERIOD DATE NAV CRISIL Composite NAV Change INDEX Bond Fund Index Change

Last 1 Month 30-Nov-09 13.1920 1567.5738 0.13% -0.07%

Last 3 Months 30-Sep-09 12.9560 1543.6972 1.95% 1.48%

Last 6 Months 30-Jun-09 12.8480 1541.5516 2.81% 1.62%

Last 1 Year 31-Dec-08 12.2660 1513.4928 7.69% 3.50%

Since Inception 2-Mar-04 10.0000 1193.2000 32.09% 31.29%

ASSET ALLOCATION

RATING PROFILE

InstrumentPORTFOLIO

% of NAVRatingGovernment Securities 13.517.59% GOI 2016 Sovereign 5.976.07% GOI 2014 Sovereign 2.766.35% GOI 2020 Sovereign 2.267.02% GOI 2016 Sovereign 1.428.07% GOI 2017 Sovereign 0.647.46% GOI 2017 Sovereign 0.369.39% GOI 2011 Sovereign 0.09Corporate Bonds 73.502.00% Tata Motors Ltd 2014 AAA 4.9111.00% IDFC 2010 AAA 4.4810.75% Reliance Industries 2018 AAA 4.0910.00% PFC 2012 AAA 3.859.50% Exim Bank 2013 AAA 3.779.20% Power Grid 2014 AAA 3.7410.00% IDFC 2012 AAA 3.328.50% Exim Bank 2011 AAA 2.999.35% ILFS 2010 AAA 2.992.00% Indian Hotels Company Ltd 2014 AAA 2.978.40% HDFC 2014 AAA 2.917.35% HPCL 2012 AAA 2.549.85% Rural Elect Corp. 2017 AAA 2.329.45% REC 2013 AAA 2.297.65% RECL 2016 AAA 2.176.90% PFC 2012 AAA 2.1711.00% PFC 2018 AAA 2.0710.00% HDFC Ltd. 2010 AAA 2.0510.95% Rural Elect Corp. 2011 AAA 1.938.80% Power Grid Corp. 2020 AAA 1.889.15% LIC Housing Finance 2010 AAA 1.8610.75% Rural Elect Corp. 2013 AAA 1.599.80% ICICI Bank 2013 AAA 1.549.20% Larsen & Toubro 2012 AAA 1.528.80% Power Grid Corp. 2020 AAA 1.477.20% Rural Elect Corp. 2012 AAA 1.449.20% Power Grid 2015 AAA 1.329.68% IRFC 2010 AAA 1.1910.00% Tata Chemical 2019 AA+ 0.7810.10% Power Grid Corp 2013 AAA 0.589.80% PFC 2012 AAA 0.387.20% HDFC Ltd. 2010 AAA 0.229.50% HDFC 2013 AAA 0.15CD/CP's 4.00ICICI Bank 2010 - CD P1+ 1.44State Bank of Patiala 2010 - CD P1+ 1.03Bank of Baroda 2010 - CD P1+ 1.03Indian Oil Corp. 2010 - CP P1+ 0.49CASH BANK & OTHERS 8.99Cash Bank & Others 8.99Net Assets 100.00

MATURITY PROFILE

4.00%

8.99%

73.50%

13.51%

Corporate Bonds Government Securities

CD/CP's Cash Bank & Others

0.78%

8.99%

4.00%

13.51%

72.72%

AAA Sovereign CD/CP's Cash Bank & Others AA+

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

Less than 1

Year

1-3 Years 3-6 Years 6 Years and

Above

4


Life Equity Fund


PERFORMANCE - LIFE EQUITY FUND (NAV [in Rs.] & BSE SENSEX as on 31-Dec-09 is 30.1080 and 17464.81 respectively)


NAV Calculation:

Tax Benefits:

Fund Manager:

To deliver medium to long-term capital appreciation through a portfolio essentially comprising of large cap stocks that can perform well through market and economic cycles.

Daily


Mr. Saravana Kumar

PERIOD DATE NAV BSE Sensex NAV Change INDEX ChangeLast 1 Month 30-Nov-09 29.5470 16926.22 1.90% 3.18%Last 3 Months 30-Sep-09 29.1920 17126.84 3.14% 1.97%Last 6 Months 30-Jun-09 25.4040 14493.84 18.52% 20.50%Last 1 Year 31-Dec-08 17.7170 9647.31 69.94% 81.03%Since Inception 2-Mar-04 10.0000 5823.17 201.08% 199.92%

Equity 92.62Reliance Industries Ltd Refinery 7.97Infosys Technologies Ltd Computer Software 5.42ICICI Bank Ltd Banking Services 5.22ITC Ltd Cigarettes 4.94HDFC Bank Banking Services 4.75State Bank Of India Banking Services 4.36Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 4.06HDFC Ltd Housing Finance Services 3.88Bharti Airtel Ltd Cellular Mobile Phone Service 3.68Oil & Natural Gas Corp Ltd Petroleum Oil 3.61Bharat Heavy Electricals Ltd Prime Movers 3.35Axis Bank Ltd Banking Services 2.94Crompton Greaves Ltd Motors & Generators 2.82Sterlite Industries (India) Ltd Copper & Copper Products 2.66Bank Of Baroda Banking Services 2.01Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.93Sintex Industries Ltd Diversified 1.89Wipro Ltd Computer Software 1.77Exide Industries Ltd Storage Batteries 1.47Gujarat State Petronet Ltd Lng Storage And Distribution 1.25Cesc Ltd Coal Based Thermal Electricity 1.19Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.18Punjab National Bank Banking Services 1.18Tata Steel Ltd Finished Steel 1.15Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.15Tata Motors Ltd Heavy Commercial Vehicles 1.14Asian Paints (India) Ltd Paints & Varnishes 1.11Mphasis Ltd Computer software 1.08Oil India Ltd Service Activities Incidental To Oil And Gas Extra 1.03Sun Pharmaceutical Industries Ltd Drug Formulations 0.98Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.93Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.88United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.87Glenmark Pharmaceuticals Ltd Drug Formulations 0.82DLF Ltd Construction/Erection and Maintenance of Power 0.81Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.74Tata Chemicals Ltd Other Fertilisers 0.73Punj Lloyd Ltd Civil Engineering 0.71Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.57Ultratech Cement Ltd Cement 0.57Reliance Communication Ltd Cellular Mobile Phone Service 0.54LIC Housing Finance Ltd Housing Finance Services 0.46Zee News Ltd Media-Broadcasting 0.43Areva T&D India Ltd Switching Apparatus 0.40Elecon Engineering Co Ltd Material Handling Equipments 0.39Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.30Voltas Ltd Diversified 0.30Emco Ltd Transformers 0.28Action Construction Equipments Ltd Mobile Cranes 0.26NHPC Ltd Hydro Electricity 0.22Piramal Healthcare Limited Drug Formulations 0.21TRF Ltd Material Handling Equipments 0.00CD/CP's 3.97ICICI Bank 2010 - CD P1+ 1.25Indian Oil Corp. 2010 - CP P1+ 0.70Axis Bank 2010 - CD P1+ 0.54State Bank of Patiala 2010 - CD P1+ 0.44Bank of Baroda 2010 - CD P1+ 0.44Canara Bank 2010 - CD P1+ 0.35Corporation Bank 2010 - CD P1+ 0.25Cash Bank & Others 3.41Cash Bank & Others 3.41Net Assets 100.00

InstrumentPORTFOLIO

Industry % of NAV

% to NAVSector

SECTOR STRATEGY

Banking Services 20.45Computer Software 8.27Refinery 7.97Cigarettes 4.94Industrial Contracts & Turnkey Projects 4.36Housing Finance Services 4.34Cellular Mobile Phone Service 4.22Petroleum Oil 3.61Prime Movers 3.35Motors & Generators 2.82Copper & Copper Products 2.66Diversified 2.19Construction Of Roads, Bridges, Tunnels Etc. 2.02Drug Formulations 2.01Utility Vehicles Including Jeeps 1.93Construction/Erection and Maintenance of Power 1.74Storage Batteries 1.47Lng Storage And Distribution 1.25Coal Based Thermal Electricity 1.19Cosmetics/Soaps/Toiletries/Detergents 1.18Finished Steel 1.15Heavy Commercial Vehicles 1.14Material Handling Equipments 1.14Paints & Varnishes 1.11Service Activities Incidental To Oil And Gas Extra 1.03Ethyl Alcohol (Strength Less Than 80%) 0.87Other Fertilisers 0.73Civil Engineering 0.71Finance Related Allied Activities 0.57Cement 0.57Media-Broadcasting 0.43Switching Apparatus 0.40Transformers 0.28Mobile Cranes 0.26Hydro Electricity 0.22CD/CP's 3.97Cash Bank & Others 3.41Total 100.00


Equity 92.62


CD/CP's 3.97

Net Assets 100.00

SECTOR-WISE BREAK-UPASSET ALLOCATION

3.41%

3.97%

92.62%

Equity CD/CP's Cash Bank & Others

3.97%

0.22%

0.26%0.28%

0.40%

0.73%

1.03%0.87%

2.19%

2.02% 2.66% 2.82%3.35%

3.61% 4.22% 4.34%

8.27%

1.19%

1.47%1.25%

1.74%

2.01%

1.93%

1.18%

1.14%

20.45%

4.94%

4.36%

1.15%

1.14%7.97%

1.11%

0.71%0.57%

0.57% 0.43%

3.41%

Banking Services Computer SoftwareRefinery CigarettesIndustrial Contracts & Turnkey Projects Housing Finance ServicesCellular Mobile Phone Service Petroleum OilPrime Movers Motors & GeneratorsCopper & Copper Products DiversifiedConstruction Of Roads, Bridges, Tunnels Etc. Drug Formulations Utility Vehicles Including Jeeps Construction/Erection and Maintenance of PowerStorage Batteries Lng Storage And DistributionCoal Based Thermal Electricity Cosmetics/Soaps/Toiletries/DetergentsFinished Steel Heavy Commercial VehiclesMaterial Handling Equipments Paints & VarnishesService Activities Incidental To Oil And Gas Extra Ethyl Alcohol (Strength Less Than 80%)Other Fertilisers Civil EngineeringFinance Related Allied Activities CementMedia-Broadcasting Switching ApparatusTransformers Mobile CranesHydro Electricity CD/CP'sCash Bank & Others

5

InstrumentPORTFOLIO

Industry % of NAV

Life AggressiveGrowth Fund

PERFORMANCE - LIFE AGGRESSIVE GROWTH FUND (NAV [in Rs.] as on 31-Dec-09 is 14.8250)


% to NAVSector

SECTOR STRATEGY

Banking Services 13.37Refinery 5.56Computer Software 5.49Housing Finance Services 3.60Cigarettes 3.38Industrial Contracts & Turnkey Projects 2.97Cellular Mobile Phone Service 2.33Drug Formulations 2.29Construction Of Roads, Bridges, Tunnels Etc. 2.11Petroleum Oil 2.08Prime Movers 2.07Diversified 2.06Copper & Copper Products 1.86Motors & Generators 1.51Thermal Electricity 1.46Motorcycles 1.29Heavy Commercial Vehicles 1.24Weaving, Manufacturing Of Man-Made Fiber 1.20Storage Batteries 1.09Utility Vehicles Including Jeeps 1.06Ethyl Alcohol (Strength Less Than 80%) 0.99Service Activities Incidental To Oil And Gas Extra 0.97Lng Storage And Distribution 0.95


NAV Calculation:

Tax Benefits:

Fund Manager:

To maximise the return while investing in a mix of Equity & Fixed-Income Investments. The fund will maintaina medium to high risk profile. The Equity investments will be in a range of 50% - 80% of the fund.

Daily


Mr. Saravana Kumar

% to NAVSectorCosmetics/Soaps/Toiletries/Detergents 0.94Coal Based Thermal Electricity 0.86Paints & Varnishes 0.83Finished Steel 0.73Construction - Civil / Turnkey - Large 0.67Civil Engineering 0.59Material Handling Equipments 0.59All India Development Institutions (Dfis) 0.54Media-Broadcasting 0.52Other Fertilisers 0.51Switching Apparatus 0.49Construction/Erection and Maintenance of Power 0.46Finance Related Allied Activities 0.45Edible Oils 0.37Steam Boilers 0.32Switchgears 0.18Transformers 0.14Mobile Cranes 0.11Entertainment 0.08Corporate Bonds 26.50Cash Bank & Others 3.19Total 100.00

% to NAVASSET ALLOCATION

Equity 70.31


Cash, Bank & Others 3.19

NET ASSETS 100.00

PERIOD DATE NAV NAV Change INDEX ChangeLast 1 Month 30-Nov-09 14.6110 1.46% 2.04%Last 3 Months 30-Sep-09 14.3590 3.25% 1.80%Last 6 Months 30-Jun-09 12.9950 14.08% 13.89%Last 1 Year 31-Dec-08 10.0950 46.85% 53.90%Since Inception 1-Jul-06 10.0000 48.25% 50.45%

ASSET ALLOCATION

SECTOR-WISE BREAK-UP

Equity 70.31Reliance Industries Ltd Refinery 5.56Infosys Technologies Ltd Computer Software 3.57ICICI Bank Ltd Banking Services 3.44ITC Ltd Cigarettes 3.38Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 2.96HDFC Bank Banking Services 2.87HDFC Ltd Housing Finance Services 2.62State Bank Of India Banking Services 2.31Oil & Natural Gas Corp Ltd Petroleum Oil 2.08Bharat Heavy Electricals Ltd Prime Movers 2.07Bharti Airtel Ltd Cellular Mobile Phone Service 1.99Sterlite Industries (India) Ltd Copper & Copper Products 1.86Crompton Greaves Ltd Motors & Generators 1.51Axis Bank Ltd Banking Services 1.47Sintex Industries Ltd Diversified 1.38Tata Motors Ltd Heavy Commercial Vehicles 1.24Bank Of Baroda Banking Services 1.22Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 1.20Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.17Exide Industries Ltd Storage Batteries 1.09Wipro Ltd Computer Software 1.07Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.06United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.99LIC Housing Finance Ltd Housing Finance Services 0.98Oil India Ltd Service Activities Incidental To Oil And Gas Extra 0.97Gujarat State Petronet Ltd Lng Storage And Distribution 0.95Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.94Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.94Cesc Ltd Coal Based Thermal Electricity 0.86Mphasis Ltd Computer software 0.85ING Vysya Bank Ltd Banking services 0.84Asian Paints (India) Ltd Paints & Varnishes 0.83Tata Power Co Ltd Thermal Electricity 0.81Tata Steel Ltd Finished Steel 0.73Punjab National Bank Banking Services 0.71Bajaj Auto Ltd - New Shs Motorcycles 0.69Voltas Limited Diversified 0.68Gammon India Ltd Construction - Civil / Turnkey - Large 0.67Cipla Ltd Drug Formulations 0.66NTPC Ltd Thermal Electricity 0.65Hero Honda Motors Ltd Motorcycles 0.61Sun Pharmaceutical Industries Ltd Drug Formulations 0.59Punj Lloyd Ltd Civil Engineering 0.59Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.56Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.54Tata Chemicals Ltd Other Fertilisers 0.51Oriental Bank Of Commerce Banking Services 0.49Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.46Zee News Ltd Media-Broadcasting 0.46Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.45Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.39Marico Ltd Edible Oils 0.37Reliance Communication Ltd Cellular Mobile Phone Service 0.34Thermax Limited Steam Boilers 0.32Piramal Healthcare Limited Drug Formulations 0.27Areva T&D India Ltd Switching Apparatus 0.26Siemens India Ltd Switching Apparatus 0.23Glenmark Pharmaceuticals Ltd Drug Formulations 0.22Elecon Engineering Co Ltd Material Handling Equipments 0.19ABB Ltd Switchgears 0.18Emco Ltd Transformers 0.14Action Construction Equipments Ltd Mobile Cranes 0.11DB Corp Ltd Entertainment 0.08Television Eighteen India Ltd Media-Broadcasting 0.06Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.01Corporate Bonds 26.502.00% Tata Motors Ltd 2014 AAA 4.479.35% ILFS 2010 AAA 2.8211.25% PFC 2018 AAA 2.278.40% Exim Bank 2010 AAA 2.1910.25% HDFC Ltd. 2012 AAA 2.097.65% RECL 2016 AAA 1.889.50% HDFC Ltd. 2013 AAA 1.658.60% PFC 2014 AAA 1.588.40% HDFC 2014 AAA 1.5710.9% Rural Elect Corp. 2013 AAA 1.389.45% REC 2013 AAA 1.249.80% PFC 2012 AAA 0.836.90% PFC Ltd. 2012 AAA 0.7810.60% IRFC 2018 AAA 0.666.84%HDFC 2011 AAA 0.59Citifin Cons Fin I Ltd Nsembr+300Bps AA+ 0.399.68% IRFC 2008 AAA 0.12Cash Bank & Others 3.19Net Assets 100.00


Equity Corporate Bonds Cash, Bank & Others

0.59%0.59%

0.52%0.51%

0.54%

0.49%0.46%0.45%0.37%

0.32%

0.67%

13.37%

5.56%

5.49%

3.60%

2.97%

3.38%

2.29%2.33%

2.11%2.08%

0.83%0.86%0.94%

0.95%0.97%

0.99%

1.06%

1.09%

1.20%1.24%

1.29% 2.07%2.06%

1.86%

1.51%

1.46%

0.73%

0.18% 3.19%

0.14%26.50%

0.11%0.08%

Banking Services RefineryComputer Software Housing Finance ServicesCigarettes Industrial Contracts & Turnkey ProjectsCellular Mobile Phone Service Drug FormulationsConstruction Of Roads, Bridges, Tunnels Etc. Petroleum OilPrime Movers DiversifiedCopper & Copper Products Motors & GeneratorsThermal Electricity MotorcyclesHeavy Commercial Vehicles Weaving, Manufacturing Of Man-Made FiberStorage Batteries Utility Vehicles Including JeepsEthyl Alcohol (Strength Less Than 80%) Service Activities Incidental To Oil And Gas ExtraLng Storage And Distribution Cosmetics/Soaps/Toiletries/DetergentsCoal Based Thermal Electricity Paints & VarnishesFinished Steel Construction - Civil / Turnkey - LargeCivil Engineering Material Handling EquipmentsAll India Development Institutions (Dfis) Media-BroadcastingOther Fertilisers Switching ApparatusConstruction/Erection and Maintenance of Power Finance Related Allied ActivitiesEdible Oils Steam BoilersSwitchgears TransformersMobile Cranes EntertainmentCorporate Bonds Cash Bank & Others

70.31%

26.50%

3.19%


Life StableGrowth Fund


PERFORMANCE - LIFE STABLE GROWTH FUND (NAV [in Rs.] as on 31-Dec-09 is 14.3080)

% to NAVSector

SECTOR STRATEGY

Banking Services 8.20Refinery 2.98Computer Software 2.48Cigarettes 2.02Housing Finance Services 1.82Industrial Contracts & Turnkey Projects 1.72Cellular Mobile Phone Service 1.60Petroleum Oil 1.28Construction Of Roads, Bridges, Tunnels Etc. 1.20Motors & Generators 1.05Storage Batteries 1.01Diversified 0.96Prime Movers 0.84Paints & Varnishes 0.79Copper & Copper Products 0.76Drug Formulations 0.73Ethyl Alcohol (Strength Less Than 80%) 0.55Media-Broadcasting 0.48Coal Based Thermal Electricity 0.47


NAV Calculation:

Tax Benefits:

Fund Manager:

To provide reasonable returns by investing in a mix of Equity and Fixed-Income instruments. The fund will maintain low to medium risk profile with the equity investments ranging from 30% - 50% of the fund.

Daily


Mr. Saravana Kumar

Equity 34.62Reliance Industries Ltd Refinery 2.98ITC Ltd Cigarettes 2.02Infosys Technologies Ltd Computer Software 2.00HDFC Bank Banking Services 1.91ICICI Bank Ltd Banking Services 1.84Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 1.61State Bank Of India Banking Services 1.39Bharti Airtel Ltd Cellular Mobile Phone Service 1.30Oil & Natural Gas Corp Ltd Petroleum Oil 1.28HDFC Ltd Housing Finance Services 1.12Crompton Greaves Ltd Motors & Generators 1.05Axis Bank Ltd Banking Services 1.04Exide Industries Ltd Storage Batteries 1.01Bharat Heavy Electricals Ltd Prime Movers 0.84Asian Paints (India) Ltd Paints & Varnishes 0.79Sintex Industries Ltd Diversified 0.77Sterlite Industries (India) Ltd Copper & Copper Products 0.76Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.74Bank Of Baroda Banking Services 0.72Lic Housing Finance Ltd Housing Finance Services 0.70United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.55Oriental Bank Of Commerce Banking Services 0.53Wipro Ltd Computer Software 0.48Cesc Ltd Coal Based Thermal Electricity 0.47Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.46Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.46Zee News Ltd Media-Broadcasting 0.45Punj Lloyd Ltd Civil Engineering 0.43Punjab National Bank Banking Services 0.41Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.39Union Bank Of India Banking Services 0.37Sun Pharmaceutical Industries Ltd Drug Formulations 0.37Marico Ltd Edible Oils 0.36Tata Chemicals Ltd Other Fertilisers 0.34Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.31Reliance Communication Ltd Cellular Mobile Phone Service 0.30Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.27Glenmark Pharmaceuticals Ltd Drug Formulations 0.24Gujarat State Petronet Ltd Lng Storage And Distribution 0.22NTPC Ltd Thermal Electricity 0.21Voltas Limited Diversified 0.19Areva T&D India Ltd Switching Apparatus 0.19Thermax Limited Steam Boilers 0.14Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.12Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.12Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.10Action Construction Equipments Ltd Mobile Cranes 0.10Oil India Ltd Service Activities Incidental To Oil And Gas Extra 0.05DB Corp Ltd Entertainment 0.04Emco Ltd Transformers 0.04Television Eighteen India Ltd Media-Broadcasting 0.04Elecon Engineering Co Ltd Material Handling Equipments 0.03Corporate Bonds 41.459.45% REC 2013 AAA 7.3511.50% Rural Elect Corp. 2013 AAA 6.938.40% Exim Bank 2010 AAA 5.338.60% PFC Ltd 2014 AAA 5.2910.9% Rural Elect Corp. 2013 AAA 4.239.80% PFC 2012 AAA 3.719.05% IDFC 2010 AAA 2.869.50% HDFC MD 2013 AAA 2.202.00% Tata Motors Ltd 2014 AAA 1.81Citifin Cons Fin I Ltd Nsembr+300Bps AA+ 1.75Cash Bank & Others 23.93Net Assets 100.00

InstrumentPORTFOLIO

Industry % of NAV

% to NAVSectorCosmetics/Soaps/Toiletries/Detergents 0.46Civil Engineering 0.43Construction/Erection and Maintenance of Power 0.39Edible Oils 0.36Other Fertilisers 0.34Weaving, Manufacturing Of Man-Made Fiber 0.31Finance Related Allied Activities 0.27Lng Storage And Distribution 0.22Thermal Electricity 0.21Switching Apparatus 0.19Material Handling Equipments 0.15Steam Boilers 0.14Mobile Cranes 0.10Service Activities Incidental To Oil And Gas Extra 0.05Entertainment 0.04Transformers 0.04Corporate Bonds 41.45Cash Bank & Others 23.93Total 100.00




Equity 34.62


Net Asset 100.00

ASSET ALLOCATION

6

PERIOD DATE NAV NAV Change INDEX Change

Last 1 Month 30-Nov-09 14.2320 0.53% 1.23%

Last 3 Months 30-Sep-09 14.0260 2.01% 1.68%

Last 6 Months 30-Jun-09 13.2170 8.25% 9.17%

Last 1 Year 31-Dec-08 11.0420 29.58% 34.52%

Since Inception 1-Jul-06 10.0000 43.08% 40.33%

34.62%23.93%

41.45%

Equity Corporate Bonds Cash Bank & Others

23.93%

41.45%0.04%

0.21%

0.48%

0.55% 0.73%0.76%

0.79%

0.84%

0.96%

1.01%1.05%

1.20%

1.28%

1.60%

1.72%1.82%

2.02%2.48%

0.46%

8.20%

0.47%

0.43%

0.39%0.36%0.34%

0.31%

0.27%

0.22%

0.19%

0.04%

0.10%

0.14%

0.15%

0.05%

Banking Services RefineryComputer Software CigarettesHousing Finance Services Industrial Contracts & Turnkey ProjectsCellular Mobile Phone Service Petroleum OilConstruction Of Roads, Bridges, Tunnels Etc. Motors & GeneratorsStorage Batteries DiversifiedPrime Movers Paints & VarnishesCopper & Copper Products Drug FormulationsEthyl Alcohol (Strength Less Than 80%) Media-BroadcastingCoal Based Thermal Electricity Cosmetics/Soaps/Toiletries/DetergentsCivil Engineering Construction/Erection and Maintenance of PowerEdible Oils Other FertilisersWeaving, Manufacturing Of Man-Made Fiber Finance Related Allied ActivitiesLng Storage And Distribution Thermal ElectricitySwitching Apparatus Material Handling EquipmentsSteam Boilers Mobile CranesService Activities Incidental To Oil And Gas Extra EntertainmentTransformers Corporate BondsCash Bank & Others



NAV Calculation:

Tax Benefits:

Fund Manager:

The primary objective is to generate stable returns by investing in fixed income securities having maturities between 1 & 3 years.

Daily


Mr. Saravana Kumar


PERFORMANCE - (NAV [in Rs.] & CRISIL Short-Term Bond Index as on 31-Dec-09 is 12.5930 and 1612.5226 respectively)

LIFE SHORT-TERM FIXED INCOME FUND

ASSET ALLOCATIONRATING PROFILE

MATURITY PROFILE

PERIOD DATE NAV CRISIL Short-Term Bond Index NAV Change INDEX Change

Last 1 Month 30-Nov-09 12.5850 1609.6436 0.06% 0.18%

Last 3 Months 30-Sep-09 12.4120 1591.8848 1.46% 1.30%

Last 6 Months 30-Jun-09 12.2620 1577.7392 2.70% 2.20%

Last 1 Year 31-Dec-08 11.6600 1513.0129 8.00% 6.58%

Since Inception 1-Jul-06 10.0000 1241.9973 25.93% 29.83%

InstrumentPORTFOLIO

ASSET ALLOCATION



CD/CP's 5.58

Net Assets 100.00

RATING % to NAV

AAA 76.55


P1+ 5.58

Total 100.00

7

Life Short-Term Fixed Income Fund

% of NAVRating

% to NAV

Corporate Bonds 76.557.20% HDFC Ltd 2010 AAA 13.309.68% IRFC 2012 AAA 13.017.90% RECL 2012 AAA 10.817.35% HPCL 2012 AAA 8.249.45% LIC Housing 2012 AAA 7.806.84% HDFC Ltd 2011 AAA 6.629.68% IRFC 2010 AAA 4.218.40% Exim Bank 2010 AAA 4.206.90% PFC Ltd 2012 AAA 3.289.50% HDFC 2013 AAA 2.607.40% Infrastructure 2012 AAA 2.47CD/CP's 5.58Indian Oil Corp. 2010 - CP P1+ 5.58CASH BANK & OTHERS 17.87Cash Bank & Others 17.87Net Assets 100.00

5.58%

76.55%

17.87%

Corporate Bonds CD/CP's Cash Bank & Others

17.87%

5.58%

76.55%

AAA P1+ Cash Bank & Others

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Less than 1 Year 1-3 Years 3-6 Years



NAV Calculation:

Tax Benefits:

Fund Manager:

The primary objective of the fund is to maximise the returns with medium to high risk.

Daily


Mr. Saravana Kumar

8

Life GrowthMaximiser Fund

PERFORMANCE - LIFE GROWTH MAXIMISER FUND (NAV [in Rs.] as on 31-Dec-09 is 9.2540)


Equity 57.85



NET ASSETS 100.00

PERIOD DATE NAV NAV Change INDEX ChangeLast 1 Month 30-Nov-09 9.1430 1.21% 2.15%Last 3 Months 30-Sep-09 9.0350 2.42% 2.01%Last 6 Months 30-Jun-09 8.2560 12.09% 14.35%Last 1 Year 31-Dec-08 6.5140 42.06% 50.47%Since Inception 15-Oct-07 10.0000 -7.46% -0.06%

% of NAV


InstrumentPORTFOLIO

IndustryEquity 57.85Reliance Industries Ltd Refinery 4.74ICICI Bank Ltd Banking Services 3.18Infosys Technologies Ltd Computer Software 3.14HDFC Bank Banking Services 2.78ITC Ltd Cigarettes 2.73Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 2.53State Bank Of India Banking Services 2.33Oil & Natural Gas Corp Ltd Petroleum Oil 2.13Bharti Airtel Ltd Cellular Mobile Phone Service 1.99Crompton Greaves Ltd Motors & Generators 1.55HDFC Ltd Housing Finance Services 1.45Bharat Heavy Electricals Ltd Prime Movers 1.45Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 1.35Sintex Industries Ltd Diversified 1.33Exide Industries Ltd Storage Batteries 1.30Sterlite Industries (India) Ltd Copper & Copper Products 1.25Axis Bank Ltd Banking Services 1.20Asian Paints (India) Ltd Paints & Varnishes 1.14NTPC Ltd Thermal Electricity 1.14Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.12Bank Of Baroda Banking Services 1.12Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.06Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.04United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.99Lic Housing Finance Ltd Housing Finance Services 0.97Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 0.94Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.93Punjab National Bank Banking Services 0.88Wipro Ltd Computer Software 0.82Oriental Bank Of Commerce Banking Services 0.76Tata Steel Ltd Finished Steel 0.75Punj Lloyd Ltd Civil Engineering 0.74Zee News Ltd Media-Broadcasting 0.71Cesc Ltd Coal Based Thermal Electricity 0.70Tata Power Co Ltd Thermal Electricity 0.67Tata Motors Ltd Heavy Commercial Vehicles 0.57Sun Pharmaceutical Industries Ltd Drug Formulations 0.55Glenmark Pharmaceuticals Ltd Drug Formulations 0.50Union Bank Of India Banking Services 0.48Reliance Communication Ltd Cellular Mobile Phone Service 0.37Marico Ltd Edible Oils 0.37Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.37Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.34Television Eighteen India Ltd Media-Broadcasting 0.21Areva T&D India Ltd Switching Apparatus 0.16Voltas Limited Diversified 0.14ABB Ltd Switchgears 0.14Tata Chemicals Ltd Other Fertilisers 0.14Gujarat Nre Coke Ltd Mining 0.10Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.10Elecon Engineering Co Ltd Material Handling Equipments 0.09Action Construction Equipments Ltd Mobile Cranes 0.07Oil India Ltd Service Activities Incidental To Oil And Gas Extra 0.07Siemens India Ltd Switching Apparatus 0.06Thermax Limited Steam Boilers 0.06Emco Ltd Transformers 0.04Corporate Bonds 11.138.40% Exim Bank 2010 AAA 4.918.83% IRFC 2012 AAA 3.749.50% HDFC 2013 AAA 1.276.98% IRFC 2012 AAA 1.20Cash Bank & Others 31.03Cash Bank & Others 31.03Net Assets 100.00


Sector

SECTOR STRATEGY

% to NAV SectorEthyl Alcohol (Strength Less Than 80%) 0.99Media-Broadcasting 0.91Finished Steel 0.75Civil Engineering 0.74Coal Based Thermal Electricity 0.70Heavy Commercial Vehicles 0.57Edible Oils 0.37Finance Related Allied Activities 0.37Switching Apparatus 0.23Material Handling Equipments 0.18Switchgears 0.14Other Fertilisers 0.14Mining 0.10Mobile Cranes 0.07Service Activities Incidental To Oil And Gas Extra 0.07Steam Boilers 0.06Transformers 0.04Corporate Bonds 11.13Cash Bank & Others 31.03Total 100.00

% to NAV

ASSET ALLOCATION

Banking Services 12.71Refinery 4.74Computer Software 3.96Industrial Contracts & Turnkey Projects 2.88Cigarettes 2.73Housing Finance Services 2.42Cellular Mobile Phone Service 2.37Petroleum Oil 2.13Construction Of Roads, Bridges, Tunnels Etc. 1.99Drug Formulations 1.99Thermal Electricity 1.81Motors & Generators 1.55Diversified 1.47Prime Movers 1.45Construction/Erection and Maintenance of Power 1.35Storage Batteries 1.30Copper & Copper Products 1.25Paints & Varnishes 1.14Cosmetics/Soaps/Toiletries/Detergents 1.12Utility Vehicles Including Jeeps 1.04

31.03%

11.13%

0.18%

0.06%

1.14%1.25%1.30%1.35%1.45%

1.47%

1.55%1.81%

1.99%

1.99%

2.13%

2.37%

2.42%

2.73%

2.88%

3.96%

1.04%

12.71%4.74%

1.12%

0.99%

0.91%0.75%

0.74%

0.70%

0.57%

0.37%

0.23%

0.14%

0.06%

0.07%

0.07%

0.10%0.14%

0.04%

Banking Services RefineryComputer Software Industrial Contracts & Turnkey ProjectsCigarettes Housing Finance ServicesCellular Mobile Phone Service Petroleum OilConstruction Of Roads, Bridges, Tunnels Etc. Drug FormulationsThermal Electricity Motors & GeneratorsDiversified Prime MoversConstruction/Erection and Maintenance of Power Storage BatteriesCopper & Copper Products Paints & VarnishesCosmetics/Soaps/Toiletries/Detergents Utility Vehicles Including JeepsEthyl Alcohol (Strength Less Than 80%) Media-BroadcastingFinished Steel Civil EngineeringCoal Based Thermal Electricity Heavy Commercial VehiclesEdible Oils Finance Related Allied ActivitiesSwitching Apparatus Material Handling EquipmentsSwitchgears Other FertilisersMining Mobile CranesService Activities Incidental To Oil And Gas Extra Steam BoilersTransformers Corporate BondsCash Bank & Others

11.13%57.85%

31.03%



Life Large Cap Equity Fund

PERIOD DATE NAV S&P CNX NIFTY NAV Change INDEX ChangeLast 1 Month 30-Nov-09 9.7610 5032.70 2.23% 3.35%Last 3 Month 30-Sep-09 9.6290 5083.95 3.63% 2.30%Last 6 Month 30-Jun-09 8.2970 4291.10 20.27% 21.21%Last 1 Year 31-Dec-08 5.9760 2959.15 66.98% 75.76%Since Inception 7-Jan-08 10.0000 6279.10 -0.21% -17.17%


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to generate long-term capital appreciation from a portfolio that is invested pre-dominantly in equity and equity linked securities.

Daily


Mr. Saravana Kumar

9

PERFORMANCE - LIFE LARGE CAP EQUITY FUND (NAV [in Rs.] & S&P CNX NIFTY as on 31-Dec-09 is 9.9790 and 5201.05 respectively)


Equity 89.26Cash, Bank & Others 9.35CD/CP’s 1.39NET ASSETS 100.00

% of NAV


InstrumentPORTFOLIO

IndustryEquity 89.26

Reliance Industries Ltd Refinery 7.44

Infosys Technologies Ltd Computer Software 5.57

ICICI Bank Ltd Banking Services 5.36

ITC Ltd Cigarettes 4.45

Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 4.36

HDFC Bank Banking Services 3.90

State Bank Of India Banking Services 3.47

HDFC Ltd Housing Finance Services 3.27

Sterlite Industries (India) Ltd Copper & Copper Products 3.04

Bharat Heavy Electricals Ltd Prime Movers 2.94

Oil & Natural Gas Corp Ltd Petroleum Oil 2.88

Bharti Airtel Ltd Cellular Mobile Phone Service 2.82

Crompton Greaves Ltd Motors & Generators 2.29

Sintex Industries Ltd Diversified 2.02

Axis Bank Ltd Banking Services 2.00

Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.98

Bank Of Baroda Banking Services 1.89

United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 1.54

Wipro Ltd Computer Software 1.46

Exide Industries Ltd Storage Batteries 1.39

Oil India Ltd Service Activities Incidental To Oil And Gas Extra 1.33

Punjab National Bank Banking Services 1.25

Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.21

Gujarat State Petronet Ltd Lng Storage And Distribution 1.18

Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.17

Pantaloon Retail India Ltd Retail Trade 1.16

Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 1.12

Bajaj Auto Ltd - New Shs Motorcycles 1.07

Ing Vysya Bank Ltd Banking services 1.00

Cesc Ltd Coal Based Thermal Electricity 1.00

NTPC Ltd Thermal Electricity 0.86

Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.86

Tata Motors Ltd Heavy Commercial Vehicles 0.85

Punj Lloyd Ltd Civil Engineering 0.81

Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.80

Siemens India Ltd Switching Apparatus 0.71

Gail India Ltd LPG Storage And Distribution 0.70

Sun Pharmaceutical Industries Ltd Drug Formulations 0.69

Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 0.69

Power Grid Corp Of India Ltd Power Transmission Line Services 0.61

Union Bank Of India Banking Services 0.55

Reliance Communication Ltd Cellular Mobile Phone Service 0.53

Hero Honda Motors Ltd Motorcycles 0.53

Cipla Ltd Drug Formulations 0.51

Glenmark Pharmaceuticals Ltd Drug Formulations 0.51

Emco Ltd Transformers 0.50

Gmr Infrastructure Ltd Securities And Stock Traders 0.49

Asian Paints (India) Ltd Paints & Varnishes 0.44

Zee News Ltd Media-Broadcasting 0.33

Dlf Ltd Construction/Erection and Maintenance of Power 0.33

Tata Chemicals Ltd Other Fertilisers 0.27

Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.25

Voltas Limited Diversified 0.21

NHPC Ltd Hydro Electricity 0.20

Elecon Engineering Co Ltd Material Handling Equipments 0.15

Areva T&D India Ltd Switching Apparatus 0.12

DB Corp Ltd Entertainment 0.12

Action Construction Equipments Ltd Mobile Cranes 0.07

CD/CP's 1.39

Bank of Baroda 2010 - CD P1+ 0.69

State Bank of Patiala 2010 - CD P1+ 0.69



Net Assets 100.00

Sector

SECTOR STRATEGY

% to NAV SectorLng Storage And Distribution 1.18Retail Trade 1.16Coal Based Thermal Electricity 1.00Thermal Electricity 0.86Heavy Commercial Vehicles 0.85Switching Apparatus 0.84Civil Engineering 0.81LPG Storage And Distribution 0.70Manufacture Of Pharmaceuticals, Medicinal Chemical 0.69Power Transmission Line Services 0.61Transformers 0.50Securities And Stock Traders 0.49Paints & Varnishes 0.44Material Handling Equipments 0.40Media-Broadcasting 0.33Other Fertilisers 0.27Hydro Electricity 0.20Entertainment 0.12Mobile Cranes 0.07CD/CP's 1.39Cash Bank & Others 9.35Total 100.00

% to NAV


ASSET ALLOCATION

Banking Services 19.42Refinery 7.44Computer Software 7.02Cigarettes 4.45Industrial Contracts & Turnkey Projects 4.36Cellular Mobile Phone Service 3.35Housing Finance Services 3.27Copper & Copper Products 3.04Prime Movers 2.94Petroleum Oil 2.88Drug Formulations 2.51Motors & Generators 2.29Diversified 2.23Construction Of Roads, Bridges, Tunnels Etc. 2.03Utility Vehicles Including Jeeps 1.98Motorcycles 1.60Ethyl Alcohol (Strength Less Than 80%) 1.54Construction/Erection and Maintenance of Power 1.45Storage Batteries 1.39Service Activities Incidental To Oil And Gas Extra 1.33Cosmetics/Soaps/Toiletries/Detergents 1.21

9.35%1.39%

0.07%

0.12%

0.69%0.70% 0.81%

1.00%

7.02%

1.18%

1.21%

4.36%

4.45%

19.42%

1.16%

1.33%

1.98%

2.03%

1.60%

1.45%

1.54%

1.39%

7.44%

3.35% 3.27% 3.04%

2.94%

2.88%

2.51%

2.23%2.29%

0.85%

0.86%

0.84%

0.33%0.40%

0.44%0.49%

0.61%

0.50%

0.20%0.27%

Banking Services

Refinery

Computer Software

Cigarettes

Industrial Contracts & Turnkey Projects

Cellular Mobile Phone Service

Housing Finance Services

Copper & Copper Products

Prime Movers

Petroleum Oil

Drug Formulations

Motors & Generators

Diversified

Construction Of Roads, Bridges, Tunnels Etc.

Utility Vehicles Including Jeeps

Motorcycles

Ethyl Alcohol (Strength Less Than 80%)

Construction

Storage Batteries

Service Activities Incidental To Oil And Gas Extra

Cosmetics/Soaps/Toiletries/Detergents

Lng Storage And Distribution

Retail Trade

Coal Based Thermal Electricity

Thermal Electricity

Heavy Commercial Vehicles

Switching Apparatus

Civil Engineering

LPG Storage And Distribution

Manufacture Of Pharmaceuticals, Medicinal Chemical

Power Transmission Line Services

Transformers

Securities And Stock Traders

Paints & Varnishes

Material Handling Equipments

Media-Broadcasting

Other Fertilisers

Hydro Electricity

Entertainment

Mobile Cranes

CD/CP's

Cash Bank & Others

89.26%

1.39%

9.35%

Equity CD/CP's Cash Bank & Others



NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to provide reasonable returns with low to medium risk.

Daily


Mr. Saravana Kumar

10

Life GrowthEnabler Fund

PERFORMANCE - LIFE GROWTH ENABLER FUND(NAV [in Rs.] as on 31-Dec-09 is 10.7380)



Equity 36.60


Net Assets 100.00


Last 1 Month 30-Nov-09 10.6400 0.92% 1.30%

Last 3 Months 30-Sep-09 10.5430 1.85% 1.81%

Last 6 Months 30-Jun-09 9.9490 7.93% 9.45%

Last 1 Year 31-Dec-08 8.7030 23.38% 32.41%

Since Inception 15-Oct-07 10.0000 7.38% 5.81%

% of NAV


InstrumentPORTFOLIO

Industry Sector

SECTOR STRATEGY

% to NAVEquity 36.60

















Bharat Electronics Ltd Electronics 0.84

Oriental Bank Of Commerce Banking Services 0.81

Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.79



Jyoti Structures Ltd Towers & Lattice Masts 0.75


Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 0.70



Tata Power Co Ltd Thermal Electricity 0.60


Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.50




Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.36




Ambuja Cements Ltd Cement 0.23

Gujarat Nre Coke Ltd Mining 0.19





9.39% GOI 2011 Sovereign 13.67



Net Assets 100.00

ASSET ALLOCATION


Banking Services 8.56Refinery 2.97Computer Software 2.69Cigarettes 2.03Drug Formulations 1.65Prime Movers 1.56Petroleum Oil 1.53Industrial Contracts & Turnkey Projects 1.52Cellular Mobile Phone Service 1.49Thermal Electricity 1.34Motors & Generators 1.11Storage Batteries 1.00Housing Finance Services 0.98Diversified 0.89Electronics 0.84All India Development Institutions (Dfis) 0.79Paints & Varnishes 0.78Copper & Copper Products 0.75Towers & Lattice Masts 0.75Construction Of Roads, Bridges, Tunnels Etc. 0.72Cosmetics/Soaps/Toiletries/Detergents 0.57Finance Related Allied Activities 0.50Coal Based Thermal Electricity 0.42Construction/Erection and Maintenance of Power 0.36Switching Apparatus 0.23Cement 0.23Mining 0.19Mobile Cranes 0.09Material Handling Equipments 0.06Government Securities 13.67Cash Bank & Others 49.73Total 100.00

36.60%

13.67%

49.73%

Equity Government Securities Cash Bank & Others

1.65%

1.34%1.49%

1.52%

1.53%1.56%

2.03%

2.69%

2.97%8.56%

1.11%

1.00%0.98%

0.89%

0.84%

0.79%0.78%

0.75%

0.75%

0.72%

0.57%

0.50%

0.42%

49.73%

13.67%0.06%

0.09%

0.19%

0.23%

0.23%

0.36%

Banking Services RefineryComputer Software CigarettesDrug Formulations Prime MoversPetroleum Oil Industrial Contracts & Turnkey ProjectsCellular Mobile Phone Service Thermal ElectricityMotors & Generators Storage BatteriesHousing Finance Services DiversifiedElectronics All India Development Institutions (Dfis)Paints & Varnishes Copper & Copper ProductsTowers & Lattice Masts Construction Of Roads, Bridges, Tunnels Etc.Cosmetics/Soaps/Toiletries/Detergents Finance Related Allied ActivitiesCoal Based Thermal Electricity Construction/Erection and Maintenance of PowerSwitching Apparatus CementMining Mobile CranesMaterial Handling Equipments Government SecuritiesCash Bank & Others



NAV Calculation:

Tax Benefits:

Fund Manager:

The key objective of the fund is to protect the capital by investing in high quality fixed income securities and at the same time provide access to the upside potential of equities by investing a maximum of 15% in equities and equity linked instruments.

Daily


Mr. Saravana Kumar

11

Life CapitalGuarantee Fund

PERFORMANCE - LIFE CAPITAL GUARANTEE FUND (NAV [in Rs.] as on 31-Dec-09 is 11.5290))


Last 1 Month 30-Nov-09 11.5300 -0.01% 0.44%

Last 3 Months 30-Sep-09 11.3700 1.40% 1.60%

Last 6 Months 30-Jun-09 11.2280 2.68% 4.56%

Last 1 Year 31-Dec-08 10.6690 8.06% 14.34%

Since Inception 15-Oct-07 10.0000 15.29% 11.68%



Equity 9.81



Net Assets 100.00

% of NAVInstrumentPORTFOLIO

Industry Sector

SECTOR STRATEGY

% to NAVEquity 9.81










Tata Steel Ltd Finished Steel 0.36








Steel Authority Of India Ltd Finished Steel 0.18



Grasim Industries Ltd Cement 0.17


Reliance Infrastructure Thermal Electricity 0.16



Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.15

Jindal Steel & Power Ltd Iron And Steel 0.15


HCL Technologies Ltd Computer Software 0.11

Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.11


ABB Ltd Switchgears 0.11



DLF Ltd Construction/Erection and Maintenance of Power 0.10

Indian Oil Corp Ltd Refineries 0.09


9.45% LIC Housing 2012 AAA 18.49

7.90% RECL 2012 AAA 14.19

7.4% Infrastructure 2012 AAA 10.51

9.50% HDFC 2013 AAA 7.41

8.40% Exim Bank 2010 AAA 7.17

7.20% HDFC 2010 AAA 7.09



Net Assets 100.00


Banking Services 1.81Computer Software 1.04Refinery 0.92Finished Steel 0.54Thermal Electricity 0.51Industrial Contracts & Turnkey Projects 0.50Cigarettes 0.47Petroleum Oil 0.42Cellular Mobile Phone Service 0.41Prime Movers 0.34Copper & Copper Products 0.34Housing Finance Services 0.33Cosmetics/Soaps/Toiletries/Detergents 0.26Utility Vehicles Including Jeeps 0.23Drug Formulations 0.21Heavy Commercial Vehicles 0.18Cement 0.17Power Transmission Line Services 0.16Construction Of Roads, Bridges, Tunnels Etc. 0.16Weaving, Manufacturing Of Man-Made Fiber 0.15Iron And Steel 0.15Passenger Cars & Multi Utility Vehicles 0.11LPG Storage And Distribution 0.11Switchgears 0.11Construction/Erection and Maintenance of Power 0.10Refineries 0.09Corporate Bonds 64.85Cash Bank & Others 25.34Total 100.00

ASSET ALLOCATION

25.34%

64.85%

9.81%


25.34%

64.85%

0.09%0.10%

0.21%

0.11%0.11%0.15% 0.11%0.15%

0.23%

0.16%0.16%

0.17%0.18%

0.26%

1.81%1.04%0.92%

0.54%

0.51%0.50%

0.47%0.42%

0.41%0.34%0.34%0.33%

Banking Services

Computer Software

Refinery

Finished Steel

Thermal Electricity


Cigarettes

Petroleum Oil


Prime Movers





Drug Formulations


Cement



Weaving, Manufacturing Of Man-Made Fiber

Iron And Steel

Passenger Cars & Multi Utility Vehicles


Switchgears

Construction/Erection and Maintenance of Power

Refineries

Corporate Bonds

Cash Bank & Others

Investment Report , 2009December


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to provide income distribution over a period of medium to long term while at all times emphasizing the importance of capital appreciation. The fund will invest significant amount in equity and equity linked instruments specifically excluding companies predominantly dealing in Gambling, Lotteries/Contests, Animal Produce, Liquor, Tobacco, Entertainment (Films, TV etc) Hotels, Banks and Financial Institutions.

Daily

Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time.

Mr. Saravana Kumar

12

Life Select Equity Fund

PERFORMANCE - LIFE SELECT EQUITY FUND (NAV [in Rs.] & S & P India 500 Shariah Index as on 31-Dec-09 is 15.8580 and 1269.50 respectively)


Last 1 Month 30-Nov-09 15.2350 1208.95 4.09% 5.01%

Last 3 Month 30-Sep-09 14.8980 1210.84 6.44% 4.84%

Last 6 Month 30-Jun-09 13.4750 1024.85 17.68% 23.87%

Last 1 Year 31-Dec-08 10.2460 669.21 54.77% 89.70%

Since Inception 6-Oct-08 10.0000 844.46 58.58% 50.33%

% of NAV


InstrumentPORTFOLIO

Industry

Sector

SECTOR STRATEGY

% to NAV

Equity 81.46







Lupin Ltd Drugs & Pharmaceuticals 2.77

Mphasis Ltd Computer software 2.72





Ultratech Cement Ltd Cement 2.15






Cadila Healthcare Ltd Drug formulations 1.83

Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 1.83




Castrol India Ltd Lube oils & lubricants 1.42



Hero Honda Motors Ltd Motorcycles 1.21

Sesa Goa Ltd Minerals 1.16

Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 1.11

Container Corp Of India Ltd Transport Services Support Systems 0.99

United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 0.95


Patni Computer Systems Ltd Computer Software 0.91


Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 0.83

Dabur India Ltd Cosmetics/Soaps/Toiletries/Detergents 0.75

Thermax Limited Steam Boilers 0.67

Marico Ltd Edible Oils 0.57


Bharat Electronics Ltd Electronics 0.43

Cash Bank & Others - Non Interest Bearing Securities 18.54

Cash Bank & Others( Non Interest Bearing Securities) 18.54

Net Assets 100.00

Computer Software 11.87Refinery 8.37Drug formulations 7.49Industrial Contracts & Turnkey Projects 5.84Prime Movers 4.14Petroleum Oil 4.06Cosmetics/Soaps/Toiletries/Detergents 3.23Cellular Mobile Phone Service 3.00Drugs & Pharmaceuticals 2.77Motorcycles 2.58Motors & Generators 2.34Paints & Varnishes 2.25Thermal Electricity 2.21Cement 2.15LPG Storage And Distribution 1.94Finished Steel 1.89Iron And Steel 1.87Passenger Cars & Multi Utility Vehicles 1.83Manufacture Of Pharmaceuticals, Medicinal Chemical 1.44Lube oils & lubricants 1.42Storage Batteries 1.35Minerals 1.16Transport Services Support Systems 0.99Pesticides & Pesticide Intermediates, Nec 0.95Switching Apparatus 0.91Switchgears 0.90Preparation For Oral Or Dental Hygiene 0.83Steam Boilers 0.67Edible Oils 0.57Electronics 0.43Cash Bank & Others( Non Interest Bearing Securities) 18.54Total 100.00

S & P India 500 Shariah INDEX

ASSET ALLOCATION

Equity Cash, Bank & Others (Non Interest Bearing Securities)


Equity 81.46


NET ASSETS 100.00

18.54%81.46%


Computer Software

Refinery

Drug formulations


Prime Movers

Petroleum Oil



Drugs & Pharmaceuticals

Motorcycles

Motors & Generators

Paints & Varnishes

Thermal Electricity

Cement


Finished Steel

Iron And Steel



Lube oils & lubricants

Storage Batteries

Minerals

Transport Services Support Systems

Pesticides & Pesticide Intermediates, Nec

Switching Apparatus

Switchgears

Preparation For Oral Or Dental Hygiene

Steam Boilers

Edible Oils

Electronics

Cash Bank & Others( Non Interest Bearing Securities)

1.42%

1.89%

1.87%1.83%

1.44%

1.94%

2.15%

2.21%

2.25%

2.58% 2.34%2.77%

3.00%3.23%

4.06%4.14%

5.84%

7.49%

8.37%

11.87%

1.35%

1.16%

0.99%

0.95%

0.91%

0.90%0.57%

0.67%0.83%

0.43%

18.54%



NAV Calculation:

Tax Benefits:

Fund Manager:

The key objective of the fund is to provide steady returns to the policyholder with the assurance of protecting the capital at least 110% of the capital.

Daily


Mr. Saravana Kumar

13

110% Capital Guarantee Fund

PERFORMANCE - 110% CAPITAL GUARANTEE FUND (NAV [in Rs.] as on 31-Dec-09 is 10.7280)


Last 1 Month 30-Nov-09 10.7380 -0.09% 0.44%

Last 3 Months 30-Sep-09 10.6100 1.11% 1.60%

Last 6 Months 30-Jun-09 10.5280 1.90% 4.56%

Last 1 Year 31-Dec-08 10.0420 6.83% 14.34%

Since Inception 10-Nov-08 10.0000 7.28% 19.16%



Equity 9.86%

Corporate Bonds 56.09%

Cash Bank & Others 34.05%

Net Assets 100.00


Industry

Sector

SECTOR STRATEGYEquity 9.86





















Grasim Industries Ltd Cement 0.18


Reliance Infrastructure Thermal Electricity 0.16



Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.16



HCL Technologies Ltd Computer Software 0.11







Indian Oil Corp Ltd Refineries 0.09


9.45% LIC Housing 2012 AAA 18.57

7.40% Infrastructure 2012 AAA 17.61

9.20% Power Grid 2015 AAA 9.15

8.40% Exim Bank 2010 AAA 7.20

7.20% HDFC 2010 AAA 3.56



Net Assets 100.00


Banking Services 1.82Computer Software 1.04Refinery 0.93Finished Steel 0.55Thermal Electricity 0.51Industrial Contracts & Turnkey Projects 0.51Cigarettes 0.47Petroleum Oil 0.42Cellular Mobile Phone Service 0.41Prime Movers 0.34Copper & Copper Products 0.34Housing Finance Services 0.33Cosmetics/Soaps/Toiletries/Detergents 0.26Utility Vehicles Including Jeeps 0.23Drug Formulations 0.21Heavy Commercial Vehicles 0.18Cement 0.18Power Transmission Line Services 0.16Construction Of Roads, Bridges, Tunnels Etc. 0.16Weaving, Manufacturing Of Man-Made Fiber 0.16Iron And Steel 0.15Passenger Cars & Multi Utility Vehicles 0.11LPG Storage And Distribution 0.11Switchgears 0.11Construction/Erection and Maintenance of Power 0.10Refineries 0.09Corporate Bonds 56.09Cash Bank & Others 34.05Total 100.00

0.33%

0.34%

0.34%

0.41%0.42%

0.47%

0.51%0.51%

0.55%0.93%

1.04%1.82%

0.26%

0.23%

0.21%0.18%0.18%0.16%

0.16%0.16%

0.15%

0.11%0.11%

0.11%0.10%

0.09%

34.05%

56.09%

Banking ServicesComputer SoftwareRefineryFinished SteelThermal ElectricityIndustrial Contracts & Turnkey ProjectsCigarettesPetroleum OilCellular Mobile Phone ServicePrime MoversCopper & Copper ProductsHousing Finance ServicesCosmetics/Soaps/Toiletries/DetergentsUtility Vehicles Including JeepsDrug FormulationsHeavy Commercial VehiclesCementPower Transmission Line ServicesConstruction Of Roads, Bridges, Tunnels Etc.Weaving, Manufacturing Of Man-Made FiberIron And SteelPassenger Cars & Multi Utility VehiclesLPG Storage And DistributionSwitchgearsConstruction/Erection and Maintenance of PowerRefineriesCorporate BondsCash Bank & Others

% to NAV

ASSET ALLOCATION

34.05%

56.10%

9.86%




NAV Calculation:

Tax Benefits:

Fund Manager:

The fund will invest primarily in select stocks and equity linked instruments which are a part of Nifty 50 Index with a focus on generating long term capital appreciation. The Fund will not replicate the index, but aim to attain performance better than the performance of the Index.

Daily


Mr. Saravana Kumar

14

Tata AIGTop 50

PERFORMANCE - TATA-AIG TOP 50 (NAV [in Rs.] as on 31-Dec-09 is 15.7550)

Sector

SECTOR STRATEGY

% to NAVBanking Services 16.51

Refinery 7.76

Computer Software 7.33

Industrial Contracts & Turnkey Projects 5.28

Finished Steel 4.36

Cigarettes 4.21

Cellular Mobile Phone Service 3.83

Thermal Electricity 3.81

Petroleum Oil 3.71

Prime Movers 3.02

Copper & Copper Products 2.72

Drug Formulations 2.02

Housing Finance Services 1.96

Cosmetics/Soaps/Toiletries/Detergents 1.80

Utility Vehicles Including Jeeps 1.70

Cement 1.41

Iron And Steel 1.33

LPG Storage And Distribution 1.30

Heavy Commercial Vehicles 1.24

Passenger Cars & Multi Utility Vehicles 0.98

Construction Of Roads, Bridges, Tunnels Etc. 0.92

Wind Turbines (Wind Electricity Generator) 0.85

Power Transmission Line Services 0.81

Switchgears 0.80

Switching Apparatus 0.61

Construction/Erection and Maintenance of Power 0.34


Total 100.00

Equity 80.63Reliance Industries Ltd Refinery 7.09ICICI Bank Ltd Banking Services 5.52Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 5.28Infosys Technologies Ltd Computer Software 4.77ITC Ltd Cigarettes 4.21HDFC Bank Banking Services 3.93State Bank Of India Banking Services 3.81Oil & Natural Gas Corp Ltd Petroleum Oil 3.71Bharti Airtel Ltd Cellular Mobile Phone Service 3.11Bharat Heavy Electricals Ltd Prime Movers 3.02Sterlite Industries (India) Ltd Copper & Copper Products 2.72Tata Steel Ltd Finished Steel 2.59Axis Bank Ltd Banking Services 2.07NTPC Ltd Thermal Electricity 1.98HDFC Ltd Housing Finance Services 1.96Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.80Wipro Ltd Computer Software 1.78Steel Authority Of India Ltd Finished Steel 1.77Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.70Jindal Steel & Power Ltd Iron And Steel 1.33Gail India Ltd LPG Storage And Distribution 1.30Grasim Industries Ltd Cement 1.30Tata Motors Ltd Heavy Commercial Vehicles 1.24Cipla Ltd Drug Formulations 1.23Punjab National Bank Banking Services 1.19Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.98Reliance Infrastructure Thermal Electricity 0.96Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.92Tata Power Co Ltd Thermal Electricity 0.87Suzlon Energy Ltd Wind Turbines (Wind Electricity Generator) 0.85Power Grid Corp Of India Ltd Power Transmission Line Services 0.81ABB Ltd Switchgears 0.80Sun Pharmaceutical Industries Ltd Drug Formulations 0.79HCL Technologies Ltd Computer Software 0.78Reliance Communication Ltd Cellular Mobile Phone Service 0.72Bharat Petroleum Corp Ltd Refinery 0.67Siemens India Ltd Switching Apparatus 0.61DLF Ltd Construction/Erection and Maintenance of Power 0.34Ambuja Cements Ltd Cement 0.11Cash Bank & Others 19.37Cash Bank & Others 19.37Net Assets 100.00

InstrumentPORTFOLIO

Industry % of NAV


Equity 80.63


Net Assets 100.00

SECTORWISE BREAK-UP

Asset Allocation

Equity Cash, Bank & Others

19.37%

80.63%

0.34%

19.37%

0.61%

0.80%1.30%

1.33% 1.41%1.70%

1.80%1.96%

2.02%2.72%

3.02%

3.71%

3.81%

3.83%

16.51%

7.76% 4.36% 4.21%

5.28%

7.33%

1.24%0.98%

0.81%0.85%0.92%

Banking ServicesRefineryComputer SoftwareIndustrial Contracts & Turnkey ProjectsFinished SteelCigarettesCellular Mobile Phone ServiceThermal ElectricityPetroleum OilPrime MoversCopper & Copper ProductsDrug FormulationsHousing Finance ServicesCosmetics/Soaps/Toiletries/DetergentsUtility Vehicles Including JeepsCementIron And SteelLPG Storage And DistributionHeavy Commercial VehiclesPassenger Cars & Multi Utility VehiclesConstruction Of Roads, Bridges, Tunnels Etc.Wind Turbines (Wind Electricity Generator)Power Transmission Line ServicesSwitchgearsSwitching ApparatusConstruction/Erection and Maintenance of PowerCash Bank & Others



NAV Calculation:

Tax Benefits:

Fund Manager:

The fund will invest primarily in select stocks and equity linked instruments which are a part of BSE 200 Index with a focus on generating long-term capital appreciation. The Fund will not replicate the index but aim to attain performance better than the performance of the Index.

Daily


Mr. Saravana Kumar

15

Tata AIG Top 200

PERFORMANCE - TATA AIG TOP 200 (NAV [in Rs.] as on 31-Dec-09 is 17.2380)


Equity 65.73


Net Assets 100.00

Sector

SECTOR STRATEGY

% to NAVBanking Services 11.96Refinery 4.82Computer Software 4.40Cigarettes 3.08Industrial Contracts & Turnkey Projects 2.96Housing Finance Services 2.26Thermal Electricity 2.19Finished Steel 2.06Petroleum Oil 1.94Prime Movers 1.89Drug Formulations 1.88Cellular Mobile Phone Service 1.79Copper & Copper Products 1.53Drugs & Pharmaceuticals 1.45Weaving, Manufacturing Of Man-Made Fiber 1.29Heavy Commercial Vehicles 1.17Ethyl Alcohol (Strength Less Than 80) 1.11Motors & Generators 1.09Utility Vehicles Including Jeeps 1.06Diversified 0.94Cosmetics/Soaps/Toiletries/Detergents 0.91Switchgears 0.90Motorcycles 0.86Iron And Steel 0.83Construction Of Roads, Bridges, Tunnels Etc. 0.83LPG Storage And Distribution 0.81Minerals 0.81Storage Batteries 0.79All India Development Institutions (Dfis) 0.76Retail Trade 0.75Paints & Varnishes 0.71Pesticides & Pesticide Intermediates, Nec 0.68Electronics 0.67Construction/Erection and Maintenance of Power 0.53Coal Based Thermal Electricity 0.53Transport Services Support Systems 0.51Cement 0.49Passenger Cars & Multi Utility Vehicles 0.46Manufacture Of Pharmaceuticals, Medicinal Chemical 0.45Wind Turbines (Wind Electricity Generator) 0.44Switching Apparatus 0.43Media-Broadcasting 0.30Civil Engineering 0.30Securities And Stock Traders 0.13Cash Bank & Others 34.27Total 100.00

Equity 65.73Reliance Industries Ltd Refinery 4.82ITC Ltd Cigarettes 3.08Infosys Technologies Ltd Computer Software 3.06Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 2.96HDFC Bank Banking Services 2.67ICICI Bank Ltd Banking Services 2.37State Bank Of India Banking Services 2.23Bharat Heavy Electricals Ltd Prime Movers 1.89Bharti Airtel Ltd Cellular Mobile Phone Service 1.62Sterlite Industries (India) Ltd Copper & Copper Products 1.53Tata Steel Ltd Finished Steel 1.52HDFC Ltd Housing Finance Services 1.47Lupin Ltd Drugs & Pharmaceuticals 1.45Oil & Natural Gas Corp Ltd Petroleum Oil 1.39Wipro Ltd Computer Software 1.33Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 1.29Tata Motors Ltd Heavy Commercial Vehicles 1.17Axis Bank Ltd Banking Services 1.16United Spirits Ltd Ethyl Alcohol (Strength Less Than 80) 1.11Crompton Greaves Ltd Motors & Generators 1.09Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.06Cipla Ltd Drug Formulations 0.99Sintex Industries Ltd Diversified 0.94Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.91ABB Ltd Switchgears 0.90Punjab National Bank Banking Services 0.89Bajaj Auto Ltd - New Shs Motorcycles 0.86Union Bank Of India Banking Services 0.83Jindal Steel & Power Ltd Iron And Steel 0.83Tata Power Co Ltd Thermal Electricity 0.81Gail India Ltd LPG Storage And Distribution 0.81NTPC Ltd Thermal Electricity 0.81Sesa Goa Ltd Minerals 0.81Exide Industries Ltd Storage Batteries 0.79Lic Housing Finance Ltd Housing Finance Services 0.79Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.76Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.76Pantaloon Retail India Ltd Retail Trade 0.75Bank Of Baroda Banking Services 0.71Asian Paints (India) Ltd Paints & Varnishes 0.71United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 0.68Bharat Electronics Ltd Electronics 0.67Oriental Bank Of Commerce Banking Services 0.61Reliance Infrastructure Thermal Electricity 0.56Cairn India Ltd Petroleum Oil 0.55Steel Authority Of India Ltd Finished Steel 0.55DLF Ltd Construction/Erection and Maintenance of Power 0.53Cesc Ltd Coal Based Thermal Electricity 0.53Container Corp Of India Ltd Transport Services Support Systems 0.51Bank Of India Banking Services 0.49Grasim Industries Ltd Cement 0.49Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.46Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 0.45Sun Pharmaceutical Industries Ltd Drug Formulations 0.44Suzlon Energy Ltd Wind Turbines (Wind Electricity Generator) 0.44Siemens India Ltd Switching Apparatus 0.43Zee Entertainment Enterprises Ltd Media-Broadcasting 0.30Punj Lloyd Ltd Civil Engineering 0.30Piramal Healthcare Limited Drug Formulations 0.26Glenmark Pharmaceuticals Ltd Drug Formulations 0.19Reliance Communication Ltd Cellular Mobile Phone Service 0.17Gmr Infrastructure Ltd Securities And Stock Traders 0.13Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.07Cash Bank & Others 34.27Cash Bank & Others 34.27Net Assets 100.00

InstrumentPORTFOLIO

Industry % of NAV

SECTOR-WISE BREAKUP

Asset Allocation

34.27%

65.73%

Equity Cash Bank & Others

0.30%0.30%

0.46%

0.45%

0.44%0.43%

0.53%

0.53%

0.49%0.51%

0.75%

0.68%0.71%

0.67%

0.76%0.79%

0.81%

2.26%

2.19%

2.96%

0.81%0.83%

0.83%

0.90%

0.86%

2.06%1.94%

1.89%

3.08%

11.96% 4.40%4.82%

1.79%1.88%

1.53%1.45%1.29%

1.17%1.09%1.11%

1.06%0.94%0.91%

34.27%0.13%

Banking Services RefineryComputer Software CigarettesIndustrial Contracts & Turnkey Projects Housing Finance ServicesThermal Electricity Finished SteelPetroleum Oil Prime MoversDrug Formulations Cellular Mobile Phone ServiceCopper & Copper Products Drugs & PharmaceuticalsWeaving, Manufacturing Of Man-Made Fiber Heavy Commercial VehiclesEthyl Alcohol (Strength Less Than 80%) Motors & GeneratorsUtility Vehicles Including Jeeps DiversifiedCosmetics/Soaps/Toiletries/Detergents SwitchgearsMotorcycles Iron And SteelConstruction Of Roads, Bridges, Tunnels Etc. LPG Storage And DistributionMinerals Storage BatteriesAll India Development Institutions (Dfis) Retail TradePaints & Varnishes Pesticides & Pesticide Intermediates, NecElectronics Construction/Erection and Maintenance of PowerCoal Based Thermal Electricity Transport Services Support SystemsCement Passenger Cars & Multi Utility VehiclesManufacture Of Pharmaceuticals, Medicinal Chemical Wind Turbines (Wind Electricity Generator)Switching Apparatus Media-BroadcastingCivil Engineering Securities And Stock TradersCash Bank & Others



NAV Calculation:

Tax Benefits:

Fund Manager:

It is a Equity Oriented Balanced Fund which primarily invests in large cap equity stocks and equity linked instruments along with Government Bonds and highly rated Fixed Income Instruments, with an objective to maximize the returns with medium to high risk. The fund endeavours to offer long term capital appreciation along with the stable returns over a long period of time.

Daily


Mr. Saravana Kumar

16

Tata AIG Aggressive Flexi Fund

PERFORMANCE - TATA AIG AGGRESSIVE FLEXI FUND (NAV [in Rs.] as on 31-Dec-09 is 10.5190)




Equity 21.66

Net Assets 100.00

SECTOR-WISE BREAKUP

Equity 21.66Reliance Industries Ltd Refinery 1.79Infosys Technologies Ltd Computer Software 1.33Icici Bank Ltd Banking Services 1.26Bharat Heavy Electricals Ltd Prime Movers 1.23Itc Ltd Cigarettes 1.03Bharti Airtel Ltd Cellular Mobile Phone Service 1.01Axis Bank Ltd Banking Services 1.01Oil & Natural Gas Corp Ltd Petroleum Oil 0.97Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 0.86State Bank Of India Banking Services 0.81Lupin Ltd Drugs & Pharmaceuticals 0.75Jindal Steel & Power Ltd Iron And Steel 0.72Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.64Sterlite Industries (India) Ltd Copper & Copper Products 0.62Mphasis Ltd Computer software 0.59Hero Honda Motors Ltd Motorcycles 0.53Bank Of Baroda Banking Services 0.53Lanco Infratech Ltd Civil engineering works 0.44Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.44Crompton Greaves Ltd Motors & Generators 0.44Sesa Goa Ltd Minerals 0.42Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.41Ntpc Ltd Thermal Electricity 0.36United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 0.36Sintex Industries Ltd Diversified 0.35Wipro Ltd Computer Software 0.35Nagarjuna Cons Co Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.34Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.34Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.31Reliance Infrastructure Thermal Electricity 0.29Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 0.29Gail India Ltd LPG Storage And Distribution 0.25Sun Pharmaceutical Industries Ltd Drug Formulations 0.23Siemens India Ltd Switching Apparatus 0.21Reliance Communication Ltd Cellular Mobile Phone Service 0.13Corporate Bonds 21.049.45 LIC Housing 2012 AAA 10.747.90 RECL 2012 AAA 10.30Cash Bank & Others 57.31Cash Bank & Others 57.31Net Assets 100.00

InstrumentPORTFOLIO

Industry % of NAV

Sector

SECTOR STRATEGY



Refinery 1.79

Prime Movers 1.23


Cigarettes 1.03

Petroleum Oil 0.97


Drugs & Pharmaceuticals 0.75

Iron And Steel 0.72




Motorcycles 0.53

Civil engineering works 0.44


Motors & Generators 0.44

Minerals 0.42


Pesticides & Pesticide Intermediates, Nec 0.36

Diversified 0.35


Weaving, Manufacturing Of Man-Made Fiber 0.31

Manufacture Of Pharmaceuticals, Medicinal Chemical 0.29



Switching Apparatus 0.21



Total 100.00

Asset Allocation

21.66%

21.04%

57.31%


0.36%

0.35%

0.68%

0.31%

0.29%0.25%

0.23%

21.04%

0.21%

57.31% 0.41%0.42%

3.61%

2.27%

1.23% 1.15%

0.64%

0.75%

0.44%

0.86%

0.44%

1.79%

0.62%

0.53%

0.44%

1.03% 0.97%

0.72%0.66%

Banking Services Computer SoftwareRefinery Prime MoversCellular Mobile Phone Service CigarettesPetroleum Oil Industrial Contracts & Turnkey ProjectsDrugs & Pharmaceuticals Iron And SteelThermal Electricity Passenger Cars & Multi Utility VehiclesCopper & Copper Products MotorcyclesCivil engineering works Utility Vehicles Including JeepsMotors & Generators MineralsCosmetics/Soaps/Toiletries/Detergents Pesticides & Pesticide Intermediates, NecDiversified Construction Of Roads, Bridges, Tunnels Etc.Weaving, Manufacturing Of Man-Made Fiber Manufacture Of Pharmaceuticals, Medicinal ChemicalLPG Storage And Distribution Drug FormulationsSwitching Apparatus Corporate BondsCash Bank & Others



NAV Calculation:

Tax Benefits:

Fund Manager:

It is a Debt Oriented Balanced Fund which primarily invests in Government Bonds and highly rated Fixed Income Instruments with some exposure to large cap equity stocks and equity linked instruments, with an objective to maximize the returns with low to medium risk. The fund endeavors to offer stable returns along with some capital appreciation over a long period of time.

Daily


Mr. Saravana Kumar

17

Tata AIG Stable Flexi Fund

PERFORMANCE - TATA AIG STABLE FLEXI FUND (NAV [in Rs.] as on 31-Dec-09 is 10.5580)


Equity 7.00



Net Assets 100.00

SECTOR-WISE BREAKUP

Equity 7.00Reliance Industries Ltd Refinery 0.63Infosys Technologies Ltd Computer Software 0.56HDFC Bank Banking Services 0.49ITC Ltd Cigarettes 0.45ICICI Bank Ltd Banking Services 0.44Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 0.36Bharat Heavy Electricals Ltd Prime Movers 0.34Oil & Natural Gas Corp Ltd Petroleum Oil 0.34State Bank Of India Banking Services 0.33Bharti Airtel Ltd Cellular Mobile Phone Service 0.28Axis Bank Ltd Banking Services 0.28Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.23Bank Of Baroda Banking Services 0.18Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 0.16Crompton Greaves Ltd Motors & Generators 0.15Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.15Wipro Ltd Computer Software 0.15Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.13Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.13United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 0.12Sterlite Industries (India) Ltd Copper & Copper Products 0.12Cipla Ltd Drug Formulations 0.12Sintex Industries Ltd Diversified 0.12Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.11DLF Ltd Construction/Erection and Maintenance of Power 0.10Jindal Steel & Power Ltd Iron And Steel 0.10Gail India Ltd LPG Storage And Distribution 0.09NTPC Ltd Thermal Electricity 0.08Reliance Infrastructure Thermal Electricity 0.08Suzlon Energy Ltd Wind Turbines (Wind Electricity Generator) 0.06ABB Ltd Switchgears 0.06Reliance Communication Ltd Cellular Mobile Phone Service 0.04Corporate Bonds 29.469.45% LIC Housing 2012 AAA 15.047.90% RECL 2012 AAA 14.42Cash Bank & Others 63.53Cash Bank & Others 63.53Net Assets 100.00

InstrumentPORTFOLIO

Industry % of NAV

Sector

SECTOR STRATEGY



Refinery 0.63

Cigarettes 0.45


Prime Movers 0.34

Petroleum Oil 0.34




Manufacture Of Pharmaceuticals, Medicinal Chemical 0.16

Motors & Generators 0.15



Weaving, Manufacturing Of Man-Made Fiber 0.13

Pesticides & Pesticide Intermediates, Nec 0.12



Diversified 0.12


Construction/Erection and Maintenance of Power 0.10

Iron And Steel 0.10


Wind Turbines (Wind Electricity Generator) 0.06

Switchgears 0.06



Total 100.00

Asset Allocation

63.53%

29.46%

7.00%


0.45%0.63%

0.15%

0.16%

0.17%

0.23%0.32%

0.36%

63.53%

0.10%0.06% 0.06%

0.09%0.10%

0.11%0.12%

0.12%

0.34%

0.15%

0.13%

1.72%0.71%

0.34%

0.13%

0.12%

0.12%29.46%

Banking Services

Computer Software

Refinery

Cigarettes


Prime Movers

Petroleum Oil



Thermal Electricity


Motors & Generators






Drug Formulations

Diversified



Iron And Steel


Wind Turbines (Wind Electricity Generator)

Switchgears

Corporate Bonds

Cash Bank & Others



NAV Calculation:

Tax Benefits:

Fund Manager:

The objective of the scheme is to invest in Government Bonds and highly rated Fixed Income instruments.The primary objective of the Fund is to conserve capital while generating income by investing in short to medium term debt instruments of various maturities.

Daily


Mr. Saravana Kumar

18

Tata AIG Bond Fund

PERFORMANCE - TATA AIG BOND FUND (NAV [in Rs.] as on 31-Dec-09 is 10.8020)




Net Assets 100.00


RatingCorporate Bonds 60.16

6.98% IRFC 2012 AAA 33.99

9.45%LIC Housing 2012 AAA 8.94

8.40% Exim Bank 2010 AAA 8.66

7.90% RECL 2012 AAA 8.57



Net Assets 100.00

Rating

AAA 60.16Cash, Bank & Others 39.84Total 100.00

% to NAV

Asset Allocation

Corporate Bonds Cash, Bank & Others

Rating Profile

AAA Cash, Bank & Others

MATURITY PROFILE

39.84%

60.16%

60.16%

39.84%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Less than 1 Year 1-3 Years



NAV Calculation:

Tax Benefits:

Fund Manager:

Objective is to provide capital protection with a high level of safety and liquidity through judicious investment in high quality short-term debt.

Daily


Mr. Saravana Kumar

19

Tata AIG Apex Investment Fund

PERFORMANCE - TATA AIG APEX INVESTMENT FUND (NAV [in Rs.] as on 31-Dec-09 is 9.9490)



Net Assets 100.00


RatingCash, Bank & Others 100.00


Net Assets 100.00

Rating

Cash, Bank & Others 100.00Total 100.00

% to NAV

Asset Allocation Rating Profile

MATURITY PROFILE

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Less than 1 Year

100.00%

Cash, Bank & Others

100.00%

Cash, Bank & Others



InstrumentPORTFOLIO

Industry % of NAVEquity 71.80Reliance Industries Ltd Refinery 6.15Infosys Technologies Ltd Computer Software 4.84ICICI Bank Ltd Banking Services 4.24Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 3.90ITC Ltd Cigarettes 3.89HDFC Bank Banking Services 3.64State Bank Of India Banking Services 3.45HDFC Ltd Housing Finance Services 3.32Oil & Natural Gas Corp Ltd Petroleum Oil 3.07Bharti Airtel Ltd Cellular Mobile Phone Service 2.56Bharat Heavy Electricals Ltd Prime Movers 2.38Jindal Steel & Power Ltd Iron And Steel 2.09Axis Bank Ltd Banking Services 2.05Sterlite Industries (India) Ltd Copper & Copper Products 1.82Gail India Ltd LPG Storage And Distribution 1.67Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.35Wipro Ltd Computer Software 1.31NTPC Ltd Thermal Electricity 1.21Crompton Greaves Ltd Motors & Generators 1.14Reliance Infrastructure Thermal Electricity 1.07Cairn India Ltd Petroleum Oil 1.01Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.93Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.92Power Finance Corp Ltd Financial Institutions 0.87Sun Pharmaceutical Industries Ltd Drug Formulations 0.84Steel Authority Of India Ltd Finished Steel 0.84Bharat Petroleum Corp Ltd Refinery 0.79Grasim Industries Ltd Cement 0.77Punjab National Bank Banking Services 0.67DLF Ltd Construction/Erection and Maintenance of Power 0.67Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.67Cipla Ltd Drug Formulations 0.62Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.61Power Grid Corp Of India Ltd Power Transmission Line Services 0.59Hero Honda Motors Ltd Motorcycles 0.58Reliance Capital Ltd Securities And Stock Traders 0.57Hindalco Industries Ltd Aluminium, Unwrought 0.57Bajaj Auto Ltd - New Shs Motorcycles 0.53PTC India Ltd Trade In Minerals & Energy Sources 0.40Union Bank Of India Banking Services 0.40Reliance Communication Ltd Cellular Mobile Phone Service 0.37Siemens India Ltd Switching Apparatus 0.37Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.37Tata Motors Ltd Heavy Commercial Vehicles 0.37Idea Cellular Ltd Cellular Mobile Phone Service 0.36Ambuja Cements Ltd Cement 0.34ABB Ltd Switchgears 0.33ACC Ltd Cement 0.30Corporate Bonds 26.74National Housing Bank 2018 AAA 8.74Nabard -ZCB - 2019 AAA 8.7310.60% IRFC 2018 AAA 5.949.90% HDFC 2018 AAA 3.33Cash Bank & Others 1.45Cash Bank & Others 1.45Net Assets 100.00

SECTOR STRATEGY

% to NAVSectorBanking Services 14.46Refinery 6.94Computer Software 6.15Petroleum Oil 4.08Industrial Contracts & Turnkey Projects 3.90Cigarettes 3.89Housing Finance Services 3.32Cellular Mobile Phone Service 3.29Prime Movers 2.38Thermal Electricity 2.28Iron And Steel 2.09Copper & Copper Products 1.82LPG Storage And Distribution 1.67Drug Formulations 1.47Cement 1.40Cosmetics/Soaps/Toiletries/Detergents 1.35Motors & Generators 1.14Motorcycles 1.11Construction Of Roads, Bridges, Tunnels Etc. 0.98Passenger Cars & Multi Utility Vehicles 0.93Utility Vehicles Including Jeeps 0.92Financial Institutions 0.87Finished Steel 0.84Construction/Erection and Maintenance of Power 0.67Finance Related Allied Activities 0.67Power Transmission Line Services 0.59Securities And Stock Traders 0.57Aluminium, Unwrought 0.57Trade In Minerals & Energy Sources 0.40Switching Apparatus 0.37Heavy Commercial Vehicles 0.37Switchgears 0.33Corporate Bonds 26.74Cash Bank & Others 1.45Total 100.00

20

Tata AIG APEX Return Lock-In Fund

ASSET ALLOCATION



Equity 71.80



Net Assets 100.00


NAV Calculation:

Tax Benefits:

Fund Manager:

Objective is to use the participation in an actively managed well diversified equity portfolio of large cap companies to generate capital appreciation and use high credit quality debt instruments to lock-in that capital appreciation.

Daily


Mr. Saravana Kumar

PERFORMANCE - TATA AIG APEX RETURN LOCK-IN FUND (NAV [in Rs.] as on 31-Dec-09 is 11.0130)


26.74%

71.80%

1.45%

1.45%

3.90%

4.08%

6.15%0.33%

3.29%

2.09%1.82%

1.67%

1.47%

2.28% 2.38%

3.32%3.89%

6.94%

1.40%1.35%

1.14%1.11%

0.98%

0.93%

0.92%

0.57%0.57%

0.59%

0.67%

0.67% 0.84%

0.87%

0.40%

0.37%0.37%

26.74%14.46%

Banking ServicesRefineryComputer SoftwarePetroleum OilIndustrial Contracts & Turnkey ProjectsCigarettesHousing Finance ServicesCellular Mobile Phone ServicePrime MoversThermal ElectricityIron And SteelCopper & Copper ProductsLPG Storage And DistributionDrug FormulationsCementCosmetics/Soaps/Toiletries/DetergentsMotors & GeneratorsMotorcyclesConstruction Of Roads, Bridges, Tunnels Etc.Passenger Cars & Multi Utility VehiclesUtility Vehicles Including JeepsFinancial InstitutionsFinished SteelConstruction/Erection and Maintenance of PowerFinance Related Allied ActivitiesPower Transmission Line ServicesSecurities And Stock TradersAluminium, UnwroughtTrade In Minerals & Energy SourcesSwitching ApparatusHeavy Commercial VehiclesSwitchgearsCorporate BondsCash Bank & Others



NAV Calculation:

Tax Benefits:

Fund Manager:

The Investment Objective of the Scheme is to provide long-term capital appreciation by investing predominantly in a diversified basket of equity and equity related securities of companies engaged in or expected to benefit directly or indirectly from the growth and development of infrastructure.

Daily


Mr. Saravana Kumar

21

Infrastructure Fund

PERFORMANCE - INFRASTRUCTURE FUND (NAV [in Rs.] as on 31-Dec-09 is 10.3150)


Equity 73.60


Net Assets 100.00

ASSET ALLOCATION


IndustryEquity 73.60Bank Of Baroda Banking Services 1.91Bgr Energy Systems Ltd Industrial Contracts & Turnkey Projects 1.34Bharat Electronics Ltd Electronics 0.48Bharat Heavy Electricals Ltd Prime Movers 3.72Bharti Airtel Ltd Cellular Mobile Phone Service 2.04Cesc Ltd Coal Based Thermal Electricity 1.20Container Corp Of India Ltd Transport Services Support Systems 1.62Crompton Greaves Ltd Motors & Generators 2.64DLF Ltd Construction/Erection and Maintenance of Power 1.12Gail India Ltd LPG Storage And Distribution 1.53Great Eastern Shipping Co Ltd Shipping 1.39Gujarat State Petronet Ltd Lng Storage And Distribution 0.72HDFC Bank Banking Services 3.16HDFC Ltd Housing Finance Services 1.99ICICI Bank Ltd Banking Services 4.34Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.74Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.36Jyoti Structures Ltd Towers & Lattice Masts 0.85Kec International Ltd Construction/erection and maintenance of power. 1.09Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 4.15Mcnally Bharat Engineering Co Ltd Material Handling Equipments 1.29Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 1.41Asian Paints (India) Ltd Paints & Varnishes 2.22Axis Bank Ltd Banking Services 2.45Nagarjuna Cons Co Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.44NHPC Ltd Hydro Electricity 0.84NTPC Ltd Thermal Electricity 1.46Punj Lloyd Ltd Civil Engineering 0.76Reliance Industries Ltd Refinery 5.40Reliance Infrastructure Thermal Electricity 1.42Shree Cement Ltd Cement 0.72Sintex Industries Ltd Diversified 2.04State Bank Of India Banking Services 2.25Steel Authority Of India Ltd Finished Steel 1.35Sterlite Industries (India) Ltd Copper & Copper Products 2.14Tata Motors Ltd Heavy Commercial Vehicles 1.96Tata Steel Ltd Finished Steel 2.68Ultratech Cement Ltd Cement 1.70Voltas Limited Diversified 1.72Cash Bank & Others 26.40Cash Bank & Others 26.40Net Assets 100.00


SECTOR STRATEGY

% to NAVSectorBanking Services 14.10Industrial Contracts & Turnkey Projects 6.90Refinery 5.40Construction Of Roads, Bridges, Tunnels Etc. 4.53Finished Steel 4.02Diversified 3.75Prime Movers 3.72Thermal Electricity 2.88Motors & Generators 2.64Cement 2.41Paints & Varnishes 2.22Construction/Erection and Maintenance of Power 2.21Copper & Copper Products 2.14Cellular Mobile Phone Service 2.04Housing Finance Services 1.99Heavy Commercial Vehicles 1.96Transport Services Support Systems 1.62LPG Storage And Distribution 1.53Shipping 1.39Material Handling Equipments 1.29Coal Based Thermal Electricity 1.20Towers & Lattice Masts 0.85Hydro Electricity 0.84Civil Engineering 0.76Lng Storage And Distribution 0.72Electronics 0.48Cash Bank & Others 26.40Total 100.00

73.60%

26.40%

Equity Cash Bank & Others6.90%

5.40%

4.53%

4.02%

3.75%

3.72%

2.88%

2.64%

2.41%2.22%

14.10%

1.20%

1.29%

2.04%

2.21%

2.14%

1.99%1.96%

1.62%

1.53%

1.39%

0.85%

0.84%

0.76%

0.72%

0.48%

26.40%

Banking Services


Refinery


Finished Steel

Diversified

Prime Movers

Thermal Electricity

Motors & Generators

Cement

Paints & Varnishes








Shipping



Towers & Lattice Masts

Hydro Electricity

Civil Engineering


Electronics

Cash Bank & Others



InstrumentPORTFOLIO

Industry % of NAVEquity 62.96Reliance Industries Ltd Refinery 7.05Infosys Technologies Ltd Computer Software 4.91Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 4.07Bharat Heavy Electricals Ltd Prime Movers 3.88Oil & Natural Gas Corp Ltd Petroleum Oil 2.79Bharti Airtel Ltd Cellular Mobile Phone Service 2.49Jindal Steel & Power Ltd Iron And Steel 2.27Wipro Ltd Computer Software 2.20Mphasis Ltd Computer software 2.19Cadila Healthcare Ltd Drug formulations 2.10Steel Authority Of India Ltd Finished Steel 2.08NTPC Ltd Thermal Electricity 2.03Lupin Ltd Drugs & Pharmaceuticals 1.99Castrol India Ltd Lube oils & lubricants 1.96Asian Paints (India) Ltd Paints & Varnishes 1.94Crompton Greaves Ltd Motors & Generators 1.84Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.71Container Corp Of India Ltd Transport Services Support Systems 1.41Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 1.40Gail India Ltd LPG Storage And Distribution 1.34Patni Computer Systems Ltd Computer Software 1.31Cipla Ltd Drug Formulations 1.26Exide Industries Ltd Storage Batteries 1.24ABB Ltd Switchgears 1.03Ultratech Cement Ltd Cement 1.01Bajaj Auto Ltd - New Shs Motorcycles 0.95Sesa Goa Ltd Minerals 0.89Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.84Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.61Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 0.57Dabur India Ltd Cosmetics/Soaps/Toiletries/Detergents 0.39United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 0.32Hero Honda Motors Ltd Motorcycles 0.28Siemens India Ltd Switching Apparatus 0.25Marico Ltd Edible Oils 0.22Bharat Electronics Ltd Electronics 0.16Cash Bank & Others 37.04Cash Bank & Others 37.04Net Assets 100.00

SECTOR STRATEGY

% to NAVSectorComputer software 10.59Refinery 7.05Drug formulations 4.77Industrial Contracts & Turnkey Projects 4.68Prime Movers 3.88Petroleum Oil 2.79Cellular Mobile Phone Service 2.49Iron And Steel 2.27Cosmetics/Soaps/Toiletries/Detergents 2.10Finished Steel 2.08Thermal Electricity 2.03Drugs & Pharmaceuticals 1.99Lube oils & lubricants 1.96Paints & Varnishes 1.94Motors & Generators 1.84Transport Services Support Systems 1.41LPG Storage And Distribution 1.34Storage Batteries 1.24Motorcycles 1.22Switchgears 1.03Cement 1.01Minerals 0.89Passenger Cars & Multi Utility Vehicles 0.84Preparation For Oral Or Dental Hygiene 0.57Pesticides & Pesticide Intermediates, Nec 0.32Switching Apparatus 0.25Edible Oils 0.22Electronics 0.16Cash Bank & Others 37.04Total 100.00

22

Super Select Equity Fund

ASSET ALLOCATION



Equity 62.96


Net Assets 100.00


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to provide income distribution over a period of medium to long term while at all times emphasizing the importance of capital appreciation.

Daily


Mr. Saravana Kumar

PERFORMANCE - TATA AIG APEX RETURN LOCK-IN FUND (NAV [in Rs.] as on 31-Dec-09 is 10.3380)

62.96%

37.04%

Equity Cash Bank & Others

10.59%

0.84%

0.89%

1.01%

1.03%

1.22%

1.24%

1.34%

1.41%

1.84%1.94%

1.96%

1.99%

2.03%

2.08%

2.10%

4.77%

7.05%

4.68%

3.88%

2.79%

2.49%

2.27%

0.22%

0.25%

0.32%

0.57%

0.16% 37.04%

Computer software

Refinery

Drug formulations


Prime Movers

Petroleum Oil


Iron And Steel


Finished Steel

Thermal Electricity



Paints & Varnishes

Motors & Generators



Storage Batteries

Motorcycles

Switchgears

Cement

Minerals




Switching Apparatus

Edible Oils

Electronics

Cash Bank & Others


Tata AIG APEX Return Lock-In Fund 2


NAV Calculation:

Tax Benefits:

Fund Manager:

The investment objective for Apex Return Lock-in Fund II is to use the participation in an actively managed well diversified equity portfolio of large cap companies to generate capital appreciation and use high credit quality debt instruments to lock-in that capital appreciation. The initial asset allocation in equities is targeted at 80% to 100%.

Daily


Mr. Saravana Kumar

PERFORMANCE - TATA AIG APEX RETURN LOCK-IN FUND 2 (NAV [in Rs.] as on 31-Dec-09 is 10.2500)

23


Equity 71.39Corporate Bonds 21.67Government Securities 5.03Cash Bank & Others 1.92Net Assets 100.00

ASSET ALLOCATION


IndustryEquity 71.39%Reliance Industries Ltd Refinery 5.70%Infosys Technologies Ltd Computer Software 4.58%ICICI Bank Ltd Banking Services 4.05%Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 3.60%ITC Ltd Cigarettes 3.58%HDFC Bank Banking Services 3.25%State Bank Of India Banking Services 2.89%HDFC Ltd Housing Finance Services 2.86%Bharti Airtel Ltd Cellular Mobile Phone Service 2.50%Bharat Heavy Electricals Ltd Prime Movers 2.38%Oil & Natural Gas Corp Ltd Petroleum Oil 2.02%Sterlite Industries (India) Ltd Copper & Copper Products 1.90%Tata Steel Ltd Finished Steel 1.83%Jindal Steel & Power Ltd Iron And Steel 1.68%Axis Bank Ltd Banking Services 1.65%Tata Motors Ltd Heavy Commercial Vehicles 1.48%Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.46%Wipro Ltd Computer Software 1.42%Gail India Ltd LPG Storage And Distribution 1.41%Tata Power Co Ltd Thermal Electricity 1.36%NTPC Ltd Thermal Electricity 1.34%Ultratech Cement Ltd Cement 1.22%Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.09%Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 1.08%Crompton Greaves Ltd Motors & Generators 1.06%Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.03%Cairn India Ltd Petroleum Oil 1.00%Reliance Infrastructure Thermal Electricity 1.00%Bank Of Baroda Banking Services 0.93%PTC India Ltd Trade In Minerals & Energy Sources 0.92%Steel Authority Of India Ltd Finished Steel 0.90%Cipla Ltd Drug Formulations 0.87%Bharat Petroleum Corp Ltd Refinery 0.82%Hindalco Industries Ltd Aluminium, Unwrought 0.81%Bajaj Auto Ltd - New Shs Motorcycles 0.75%Reliance Capital Ltd Securities And Stock Traders 0.70%Sun Pharmaceutical Industries Ltd Drug Formulations 0.68%Punjab National Bank Banking Services 0.66%Dlf Ltd Construction/Erection and Maintenance of Power 0.64%Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.61%Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.58%ABB Ltd Switchgears 0.42%Hero Honda Motors Ltd Motorcycles 0.37%Siemens India Ltd Switching Apparatus 0.35%Government Securities 5.03%6.35% GOI 2020 Sovereign 5.03%Corporate Bonds 21.67%8.60% IRFC 2019 AAA 5.53%8.72% RECL 2019 AAA 5.51%8.60% PFC 2019 AAA 5.47%Nabard -ZCB - 2019 AAA 5.16%Cash Bank & Others 1.92%Cash Bank & Others 1.92%Net Assets 100.00


SECTOR STRATEGY

% to NAVSectorBanking Services 13.42Refinery 6.51Computer Software 6.00Thermal Electricity 3.70Industrial Contracts & Turnkey Projects 3.60Cigarettes 3.58Petroleum Oil 3.02Housing Finance Services 2.86Finished Steel 2.74Cellular Mobile Phone Service 2.50Prime Movers 2.38Copper & Copper Products 1.90Iron And Steel 1.68Construction Of Roads, Bridges, Tunnels Etc. 1.67Drug Formulations 1.55Heavy Commercial Vehicles 1.48Cosmetics/Soaps/Toiletries/Detergents 1.46LPG Storage And Distribution 1.41Cement 1.22Motorcycles 1.12Passenger Cars & Multi Utility Vehicles 1.08Motors & Generators 1.06Utility Vehicles Including Jeeps 1.03Trade In Minerals & Energy Sources 0.92Aluminium, Unwrought 0.81Securities And Stock Traders 0.70Construction/Erection and Maintenance of Power 0.64Finance Related Allied Activities 0.61Switchgears 0.42Switching Apparatus 0.35Corporate Bonds 21.67Government Securities 5.03Cash Bank & Others 1.92Total 100.00

5.03%

71.39%

21.67%

1.92%

Equity Corporate BondsGovernment Securities Cash Bank & Others

3.60%

3.70%

6.00%

5.03%

2.86%

2.38%

1.90%

1.68%

1.67%

2.50%

2.74%

3.02%3.58%

6.51%

1.55%

1.48%

1.46%1.41%

1.22%

1.12%

1.08%

0.61%

0.64%0.70%

0.81%0.92%

1.03%

1.06%

0.42%

0.35%

21.67%

1.92%13.42%

Banking ServicesRefineryComputer SoftwareThermal ElectricityIndustrial Contracts & Turnkey ProjectsCigarettesPetroleum OilHousing Finance ServicesFinished SteelCellular Mobile Phone ServicePrime MoversCopper & Copper ProductsIron And SteelConstruction Of Roads, Bridges, Tunnels Etc.Drug FormulationsHeavy Commercial VehiclesCosmetics/Soaps/Toiletries/DetergentsLPG Storage And DistributionCementMotorcyclesPassenger Cars & Multi Utility VehiclesMotors & GeneratorsUtility Vehicles Including JeepsTrade In Minerals & Energy SourcesAluminium, UnwroughtSecurities And Stock TradersConstruction/Erection and Maintenance of PowerFinance Related Allied ActivitiesSwitchgearsSwitching ApparatusCorporate BondsGovernment SecuritiesCash Bank & Others



NAV Calculation:

Tax Benefits:

Fund Manager:

The key objective of the fund is to provide steady returns to the policyholder with the assurance of protecting the capital at atleast 110% of the capital.

Daily


Mr. Saravana Kumar

24

Super 110% Capital Growth Fund

PERFORMANCE - SUPER 110% CAPITAL GROWTH FUND (NAV [in Rs.] as on 31-Dec-09 is 10.0040)



Net Assets 100.00


RatingCash, Bank & Others 100.00


Net Assets 100.00

Rating

Cash, Bank & Others 100.00Total 100.00

% to NAV

Asset Allocation Rating Profile

MATURITY PROFILE

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Less than 1 Year

100.00%

Cash, Bank & Others

100.00%

Cash, Bank & Others



PERFORMANCE - WHOLE LIFE AGGRESSIVE GROWTH FUND (NAV [in Rs.] as on 31-Dec-09 is 13.3750)


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to maximise the returns with medium to high risk.

Daily


Mr. Saravana Kumar

InstrumentPORTFOLIO

Industry % of NAV


Last 1 Month 30-Nov-09 13.1950 1.36% 2.15%

Last 3 Months 30-Sep-09 12.9850 3.00% 2.01%

Last 6 Months 30-Jun-09 11.7550 13.78% 14.35%

Last 1 Year 31-Dec-08 9.2110 45.21% 50.47%

Since Inception 08-Jan-07 10.0000 33.75% 28.16%

Equity 65.98Reliance Industries Ltd Refinery 5.02Infosys Technologies Ltd Computer Software 3.88ICICI Bank Ltd Banking Services 3.36ITC Ltd Cigarettes 2.69HDFC Bank Banking Services 2.61Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 2.57Bharat Heavy Electricals Ltd Prime Movers 2.21State Bank Of India Banking Services 2.17HDFC Ltd Housing Finance Services 2.05Bharti Airtel Ltd Cellular Mobile Phone Service 1.89Axis Bank Ltd Banking Services 1.89Oil & Natural Gas Corp Ltd Petroleum Oil 1.80Sterlite Industries (India) Ltd Copper & Copper Products 1.65Crompton Greaves Ltd Motors & Generators 1.37Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.24Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.21Wipro Ltd Computer Software 1.20Bank Of Baroda Banking Services 1.18Sintex Industries Ltd Diversified 1.16Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 1.11NTPC Ltd Thermal Electricity 1.08Bajaj Auto Ltd - New Shs Motorcycles 1.07Exide Industries Ltd Storage Batteries 1.06Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.01Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 1.00Asian Paints (India) Ltd Paints & Varnishes 0.96Oil India Ltd Service Activities Incidental To Oil And Gas Extra 0.95Gujarat State Petronet Ltd Lng Storage And Distribution 0.92Lic Housing Finance Ltd Housing Finance Services 0.92Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.90Gail India Ltd LPG Storage And Distribution 0.79Oriental Bank Of Commerce Banking Services 0.77Punjab National Bank Banking Services 0.76Cesc Ltd Coal Based Thermal Electricity 0.68Tata Steel Ltd Finished Steel 0.66Hero Honda Motors Ltd Motorcycles 0.66Punj Lloyd Ltd Civil Engineering 0.66Steel Authority Of India Ltd Finished Steel 0.65Ing Vysya Bank Ltd Banking services 0.64Sun Pharmaceutical Industries Ltd Drug Formulations 0.52Cipla Ltd Drug Formulations 0.51Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 0.51Pantaloon Retail India Ltd Retail Trade 0.50Bharat Electronics Ltd Electronics 0.45Shree Cement Ltd Cement 0.44Piramal Healthcare Limited Drug Formulations 0.39Glenmark Pharmaceuticals Ltd Drug Formulations 0.39Grasim Industries Ltd Cement 0.38Marico Ltd Edible Oils 0.36Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.36Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.35Reliance Communication Ltd Cellular Mobile Phone Service 0.33Union Bank Of India Banking Services 0.32Siemens India Ltd Switching Apparatus 0.31Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.30Aia Engineering Ltd Castings 0.27Tata Chemicals Ltd Other Fertilisers 0.22Elecon Engineering Co Ltd Material Handling Equipments 0.13Great Offshore Ltd Shipping 0.12Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.12Emco Ltd Transformers 0.11Beml Ltd Material Handling Equipments 0.09DB Corp Ltd Entertainment 0.07Corporate Bonds 25.902.00% Tata Motor 2014 AAA 5.5611.50% Rural Electric Corp. 2013 AAA 4.212.00% Indian Hotel Company 2014 AAA 2.348.80% Power Grid 2015 AAA 2.329.20% HDFC Ltd 2012 AAA 2.008.40% HDFC 2014 AAA 1.927.95% PFC 2016 AAA 1.8611.75% Rural Electric Corp Ltd 2011 AAA 1.669.05% IDFC 2010 AAA 1.649.50%HDFC 2013 AAA 1.046.90% PFC 2012 AAA 0.7610.90% Rural Electric Corp. 2013 AAA 0.59CASH BANK & OTHERS 8.12Net Assets 100.00

SECTOR STRATEGY

% to NAVSectorBanking Services 13.70Computer Software 5.08Refinery 5.02Drug Formulations 3.17Housing Finance Services 2.97Industrial Contracts & Turnkey Projects 2.69Cigarettes 2.69Cellular Mobile Phone Service 2.22Construction Of Roads, Bridges, Tunnels Etc. 2.22Prime Movers 2.21Petroleum Oil 1.80Motorcycles 1.73Copper & Copper Products 1.65Motors & Generators 1.37Finished Steel 1.31Utility Vehicles Including Jeeps 1.24Diversified 1.16Weaving, Manufacturing Of Man-Made Fiber 1.11Thermal Electricity 1.08Storage Batteries 1.06Paints & Varnishes 0.96Service Activities Incidental To Oil And Gas Extra 0.95Lng Storage And Distribution 0.92Cosmetics/Soaps/Toiletries/Detergents 0.90Cement 0.82LPG Storage And Distribution 0.79Coal Based Thermal Electricity 0.68Civil Engineering 0.66Preparation For Oral Or Dental Hygiene 0.51Retail Trade 0.50Electronics 0.45Edible Oils 0.36Construction/Erection and Maintenance of Power 0.35Switching Apparatus 0.31Finance Related Allied Activities 0.30Castings 0.27Material Handling Equipments 0.23Other Fertilisers 0.22Shipping 0.12Transformers 0.11Entertainment 0.07Corporate Bonds 25.90Cash Bank & Others 8.12Total 100.00

25

Whole Life Aggressive Growth Fund

ASSET ALLOCATION



Equity 65.98



Net Assets 100.00


65.98%

25.90%

8.12%

0.11%

0.23%

0.22%0.12%

0.45%0.50%

0.36% 0.27%0.30%

0.51%0.66%

0.68%0.79%

0.95%0.96%

1.06%1.08%

1.11%

2.69%2.22%

1.16%

1.24%

1.31%

1.37%

1.65%1.73% 1.80%

2.21%

0.82%0.90%

0.92%

2.22%

13.70%

5.08%

5.02%

3.17%2.97%

2.69%

0.31%0.35%

25.90%

8.12%

0.07%

Banking Services

Computer Software

Refinery

Drug Formulations



Cigarettes



Prime Movers

Petroleum Oil

Motorcycles


Motors & Generators

Finished Steel


Diversified


Thermal Electricity

Storage Batteries

Paints & Varnishes




Cement



Civil Engineering


Retail Trade

Electronics

Edible Oils


Switching Apparatus

Finance Related Allied Activities

Castings


Other Fertilisers

Shipping

Transformers

Entertainment

Corporate Bonds


Whole LifeIncome Fund


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to generate income through investing in a range of debt and money market instruments of various maturities with a view to maximising the optimal balance between yield, safety and liquidity. The Fund will have no investments in equity or equity-linked instruments at any point of time.

Daily


Mr. Saravana Kumar

PERFORMANCE - WHOLE LIFE INCOME FUND (NAV [in Rs.] & CRISIL Composite Bond Fund Index as on 31-Dec-09 is 11.9430 and 1566.5262 respectively)

RATING

AAA 70.66

P1+ 15.09


% to NAV

Total 100.00


PERIOD DATE NAV CRISIL Composite Bond Fund Index NAV Change INDEX Change

Last 1 Month 30-Nov-09 11.9410 1567.5738 0.02% -0.07%

Last 3 Months 30-Sep-09 11.7500 1543.6972 1.64% 1.48%

Last 6 Months 30-Jun-09 11.6260 1541.5516 2.73% 1.62%

Last 1 Year 31-Dec-08 10.9940 1513.4928 8.63% 3.50%

Since Inception 08-Jan-07 10.0000 1298.7900 19.43% 20.61%



CD/CP's 15.09


Net Assets 100.00


26

InstrumentPORTFOLIO

Corporate Bonds 70.668.40% Exim Bank 2010 AAA 7.037.20% HDFC 2010 AAA 2.6710.00% PFC 2012 AAA 0.5611.50% RECL 2013 AAA 12.872.00% Tata Motors Ltd 2014 AAA 2.766.90% PFC 2012 AAA 5.286.98% IRFC 2012 AAA 10.607.40% Infrastructure 2012 AAA 4.238.80% Power Grid 2015 AAA 10.739.45% LIC Housing 2012 AAA 11.159.50% HDFC 2013 AAA 2.79CD/CP's 15.09Bank of Baroda 2010 - CD P1+ 7.54State Bank of Patiala 2010 - CD P1+ 7.55CASH BANK & OTHERS 14.25Cash Bank & Others 14.25Net Assets 100.00

% of NAVRating

MATURITY PROFILE

15.09%

70.66%

14.25%


14.25%

70.66%

15.09%


0.00%

20.00%

40.00%

60.00%

80.00%

100.00%





PERFORMANCE - WHOLE LIFE STABLE GROWTH FUND (NAV [in Rs.] as on 31-Dec-09 is 12.1460)


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the Fund is to provide reasonable returns with low to medium risk.

Daily


Mr. Saravana Kumar

InstrumentPORTFOLIO

Industry % of NAV


Last 1 Month 30-Nov-09 12.0520 0.78% 1.30%

Last 3 Months 30-Sep-09 11.8960 2.10% 1.81%

Last 6 Months 30-Jun-09 11.2000 8.45% 9.45%

Last 1 Year 31-Dec-08 9.5010 27.84% 32.41%

Since Inception 08-Jan-07 10.0000 21.46% 25.26%

Equity 33.26Reliance Industries Ltd Refinery 2.82Infosys Technologies Ltd Computer Software 1.88ICICI Bank Ltd Banking Services 1.68Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 1.52Bharat Heavy Electricals Ltd Prime Movers 1.37HDFC Bank Banking Services 1.36ITC Ltd Cigarettes 1.36Oil & Natural Gas Corp Ltd Petroleum Oil 1.16Bharti Airtel Ltd Cellular Mobile Phone Service 1.12State Bank Of India Banking Services 1.11Crompton Greaves Ltd Motors & Generators 0.85Sterlite Industries (India) Ltd Copper & Copper Products 0.78Sintex Industries Ltd Diversified 0.78Axis Bank Ltd Banking Services 0.72Exide Industries Ltd Storage Batteries 0.71HDFC Ltd Housing Finance Services 0.69NTPC Ltd Thermal Electricity 0.67United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.65Bank Of Baroda Banking Services 0.58Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.57Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.56Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 0.54Wipro Ltd Computer Software 0.53Punjab National Bank Banking Services 0.51Asian Paints (India) Ltd Paints & Varnishes 0.51LIC Housing Finance Ltd Housing Finance Services 0.50Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.48Tata Steel Ltd Finished Steel 0.48Punj Lloyd Ltd Civil Engineering 0.48Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.45Oriental Bank Of Commerce Banking Services 0.45Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.43Cesc Ltd Coal Based Thermal Electricity 0.40Gujarat State Petronet Ltd Lng Storage And Distribution 0.36Sun Pharmaceutical Industries Ltd Drug Formulations 0.35Shree Cement Ltd Cement 0.35Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 0.34Tata Motors Ltd Heavy Commercial Vehicles 0.33Bharat Electronics Ltd Electronics 0.32Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.31Glenmark Pharmaceuticals Ltd Drug Formulations 0.28Union Bank Of India Banking Services 0.27Reliance Communication Ltd Cellular Mobile Phone Service 0.27Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.24Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.23Marico Ltd Edible Oils 0.21Piramal Healthcare Limited Drug Formulations 0.19Tata Chemicals Ltd Other Fertilisers 0.13ABB Ltd Switchgears 0.12Aia Engineering Ltd Castings 0.11Elecon Engineering Co Ltd Material Handling Equipments 0.05Great Offshore Ltd Shipping 0.04Emco Ltd Transformers 0.04Beml Ltd Material Handling Equipments 0.03Corporate Bonds 40.796.98% IRFC 2012 AAA 8.247.90% RECL 2012 AAA 6.2311.50% Rural Electric Corp. 2013 AAA 5.689.20% Power Grid 2015 AAA 5.348.40% Exim Bank 2010 AAA 5.257.20% HDFC 2010 AAA 4.152.00% Tata Motor 2014 AAA 2.689.50% HDFC 2013 AAA 1.639.05% IDFC 2010 AAA 1.58CD/CP's 9.77State Bank of Patiala 2010 - CD P1+ 4.89Bank of Baroda 2010 - CD P1+ 4.89CASH BANK & OTHERS 16.18Net Asset 100.00 27

Whole Life Stable Growth Fund


Equity 33.26


CD/CP's 9.77


Net Asset 100.00

SECTOR STRATEGY

% to NAVSectorBanking Services 6.69Refinery 2.82Computer Software 2.41Industrial Contracts & Turnkey Projects 1.75Drug Formulations 1.67Cellular Mobile Phone Service 1.39Prime Movers 1.37Cigarettes 1.36Housing Finance Services 1.19Petroleum Oil 1.16Construction Of Roads, Bridges, Tunnels Etc. 1.02Motors & Generators 0.85Copper & Copper Products 0.78Diversified 0.78Storage Batteries 0.71Thermal Electricity 0.67Ethyl Alcohol (Strength Less Than 80%) 0.65Utility Vehicles Including Jeeps 0.56Paints & Varnishes 0.51Cosmetics/Soaps/Toiletries/Detergents 0.48Finished Steel 0.48Civil Engineering 0.48Construction/Erection and Maintenance of Power 0.43Coal Based Thermal Electricity 0.40Lng Storage And Distribution 0.36Cement 0.35Preparation For Oral Or Dental Hygiene 0.34Heavy Commercial Vehicles 0.33Electronics 0.32Finance Related Allied Activities 0.24Edible Oils 0.21Other Fertilisers 0.13Switchgears 0.12Castings 0.11Material Handling Equipments 0.07Shipping 0.04Transformers 0.04Corporate Bonds 40.79CD/CP's 9.77Cash Bank & Others 16.18Total 100.00

ASSET ALLOCATION

16.18%

33.26%

9.77%

40.79%

Equity Corporate Bonds CD/CP's

16.18%

40.79%

9.77%

0.21%

0.33%0.32%0.24%

0.34%

0.35%

0.36%0.40%

1.02%

1.16%

1.19%

2.41%

6.69%

1.75%

0.65%

0.67%

0.71%

2.82%

1.67%

1.37%1.36%

1.39%

0.85%0.78%

0.78%

0.56%

0.51%0.48%0.48%

0.48%

0.43%

0.04%0.04%0.07%

0.11%

0.13%0.12%

Banking Services RefineryComputer Software Industrial Contracts & Turnkey ProjectsDrug Formulations Cellular Mobile Phone ServicePrime Movers CigarettesHousing Finance Services Petroleum OilConstruction Of Roads, Bridges, Tunnels Etc. Motors & GeneratorsCopper & Copper Products DiversifiedStorage Batteries Thermal ElectricityEthyl Alcohol (Strength Less Than 80%) Utility Vehicles Including JeepsPaints & Varnishes Cosmetics/Soaps/Toiletries/DetergentsFinished Steel Civil EngineeringConstruction/Erection and Maintenance of Power Coal Based Thermal ElectricityLng Storage And Distribution CementPreparation For Oral Or Dental Hygiene Heavy Commercial VehiclesElectronics Finance Related Allied ActivitiesEdible Oils Other FertilisersSwitchgears CastingsMaterial Handling Equipments ShippingTransformers Corporate BondsCD/CP's Cash Bank & Others

Sector

SECTOR STRATEGY

% to NAV


Whole Life Mid-Cap Equity Fund


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to generate long–term capital appreciation from a portfolio that is invested pre-dominantly in Mid Cap Equity and Mid Cap Equity linked securities.

Daily


Mr. Saravana Kumar

ASSET ALLOCATION

% to NAVASSET ALLOCATIONEquity 90.91

CD/CP's 2.34


Net Assets 100.00

PERFORMANCE - WHOLE LIFE MID-CAP EQUITY FUND (NAV [in Rs.] & NSE CNX MID-CAP as on 31-Dec-09 is 12.1680 and 7432.80 respectively)

PERIOD DATE NAV NSE CNX MID-CAP NAV Change INDEX Change

Last 1 Month 30-Nov-09 11.7060 7149.20 3.95% 3.97%

Last 3 Months 30-Sep-09 11.1160 6713.30 9.46% 10.72%

Last 6 Months 30-Jun-09 9.5140 5427.25 27.90% 36.95%

Last 1 Year 31-Dec-08 6.8430 3735.60 77.82% 98.97%


Equity 90.91Sesa Goa Ltd Minerals 2.78Mphasis Ltd Computer software 2.45Crompton Greaves Ltd Motors & Generators 2.25Asian Paints (India) Ltd Paints & Varnishes 2.22Shree Cement Ltd Cement 2.18Pantaloon Retail India Ltd Retail Trade 2.16Lupin Ltd Drugs & Pharmaceuticals 2.14Lanco Infratech Ltd Civil engineering works 2.12Union Bank Of India Banking Services 2.09Sintex Industries Ltd Diversified 2.06United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 2.06Gujarat State Petronet Ltd Lng Storage And Distribution 1.90Ultratech Cement Ltd Cement 1.80Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 1.80Cesc Ltd Coal Based Thermal Electricity 1.74Bank Of Baroda Banking Services 1.74Exide Industries Ltd Storage Batteries 1.71Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 1.70Nagarjuna Cons Co Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.65Power Finance Corp Ltd Financial Institutions 1.62Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.60Glenmark Pharmaceuticals Ltd Drug Formulations 1.56Jyoti Structures Ltd Towers & Lattice Masts 1.52Patni Computer Systems Ltd Computer Software 1.48Aia Engineering Ltd Castings 1.47Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 1.45Aurobindo Pharma Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 1.44United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 1.42Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 1.39ING Vysya Bank Ltd Banking services 1.34Shriram Transport Finance Co Ltd NBFCs(including hire purchase/leasing companies) 1.33Bharat Electronics Ltd Electronics 1.25Apollo Tyres Ltd Manufacture Of Rubber Tyres And Tubes 1.24Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.24Hindustan Petroleum Corp Ltd Refinery 1.21Yes Bank Ltd Banking services 1.20Cadila Healthcare Ltd Drug formulations 1.19LIC Housing Finance Ltd Housing Finance Services 1.18Punj Lloyd Ltd Civil Engineering 1.13Max India Limited Biaxially oriented polypropylene film 1.00Emco Ltd Transformers 1.00Voltas Limited Diversified 0.98Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.96PTC India Ltd Trade In Minerals & Energy Sources 0.96Ashok Leyland Ltd Heavy commercial vehicles 0.95Gammon India Ltd Construction - Civil / Turnkey - Large 0.89Great Eastern Shipping Co Ltd Shipping 0.89Zee News Ltd Media-Broadcasting 0.87Oriental Bank Of Commerce Banking Services 0.85Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.83Federal Bank Ltd Banking services 0.82Tata Chemicals Ltd Other Fertilisers 0.81Elecon Engineering Co Ltd Material Handling Equipments 0.78Thermax Limited Steam Boilers 0.76Container Corp Of India Ltd Transport Services Support Systems 0.75Nestle India Ltd Dairy products 0.72Piramal Healthcare Limited Drug Formulations 0.68Aptech Ltd Computer software 0.68Titagarh Wagons Ltd Railway Wagons, Coaches Etc. 0.65Marico Ltd Edible Oils 0.56India Cements Ltd Cement 0.56Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.55Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.55Ballarpur Industries Ltd Paper And Paper Products 0.53Cummins India Ltd Internal Combustion Engines 0.49Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.48Madras Cements Ltd Cement 0.47TRF Ltd Material Handling Equipments 0.45Tata Tea Tea 0.44Godrej Consumer Products Ltd Soaps 0.44Television Eighteen India Ltd Media-Broadcasting 0.43Areva T&D India Ltd Switching Apparatus 0.34Castrol India Ltd Lube oils & lubricants 0.34DLF Ltd Construction/Erection and Maintenance of Power 0.29Reliance Communication Ltd Cellular Mobile Phone Service 0.26Great Offshore Ltd Shipping 0.22Action Construction Equipments Ltd Mobile Cranes 0.21Gujarat Gas Company Ltd LNG Storage & Distribution 0.14Kec International Ltd Construction/erection and maintenance of power. 0.14Power Grid Corp Of India Ltd Power Transmission Line Services 0.12DB Corp Ltd Entertainment 0.12BGR Energy Systems Ltd Industrial Contracts & Turnkey Projects 0.08Vishal Retail Ltd Retail Trade 0.05CD/CP's 2.34ICICI Bank 2010 - CD P1+ 1.12Axis Bank 2010 - CD P1+ 0.73Canara Bank 2010 - CD P1+ 0.50Cash Bank & Others 6.75Net Assets 100.00

InstrumentPORTFOLIO

Industry % of NAV

28


Banking Services 8.03Drug Formulations 6.58Cement 5.02Computer software 4.61Construction Of Roads, Bridges, Tunnels Etc. 4.50Diversified 3.04Minerals 2.78Motors & Generators 2.25Paints & Varnishes 2.22Retail Trade 2.21Drugs & Pharmaceuticals 2.14Civil engineering works 2.12Pesticides & Pesticide Intermediates, Nec 2.06Lng Storage And Distribution 1.90Weaving, Manufacturing Of Man-Made Fiber 1.80Material Handling Equipments 1.78Coal Based Thermal Electricity 1.74Storage Batteries 1.71Financial Institutions 1.62Towers & Lattice Masts 1.52Castings 1.47Manufacture Of Pharmaceuticals, Medicinal Chemical 1.44Ethyl Alcohol (Strength Less Than 80%) 1.42Preparation For Oral Or Dental Hygiene 1.39NBFCs(including hire purchase/leasing companies) 1.33Media-Broadcasting 1.31Electronics 1.25Manufacture Of Rubber Tyres And Tubes 1.24Refinery 1.21Housing Finance Services 1.18Civil Engineering 1.13Shipping 1.11Biaxially oriented polypropylene film 1.00Transformers 1.00Construction/Erection and Maintenance of Power 0.97All India Development Institutions (Dfis) 0.96Trade In Minerals & Energy Sources 0.96Heavy commercial vehicles 0.95Industrial Contracts & Turnkey Projects 0.91Construction - Civil / Turnkey - Large 0.89Other Fertilisers 0.81Steam Boilers 0.76Transport Services Support Systems 0.75Dairy products 0.72Railway Wagons, Coaches Etc. 0.65Edible Oils 0.56Paper And Paper Products 0.53Internal Combustion Engines 0.49Utility Vehicles Including Jeeps 0.48Tea 0.44Soaps 0.44Switching Apparatus 0.34Lube oils & lubricants 0.34Cellular Mobile Phone Service 0.26Mobile Cranes 0.21LNG Storage & Distribution 0.14Power Transmission Line Services 0.12Entertainment 0.12CD/CP's 2.34Cash Bank & Others 6.75Total 100.00

Equity CD/CPs Cash, Bank & Others

2.34%

90.91%

6.75%

6.75%

1.52%

1.62%

1.71%

1.74%

1.78% 1.80%

1.90%

2.06%

1.24%

1.21%

1.18%1.13%

1.11%1.00%

1.00%

0.97%0.96%

0.96%

0.76%0.81%

0.95%0.91%0.89%

0.72%0.65%0.56%0.53%

0.49%

0.48%

8.03%

6.58%

4.61%

5.02%

4.50%

3.04%

2.78%

2.25%

2.22%

1.47%

0.75%

1.44%

1.42%

1.39%

1.33%

1.31%

1.25%

2.14%2.21%

0.26%0.34%

0.44%0.44%0.34%

2.12%

2.34%

0.12%0.12%0.21% 0.14%

Banking Services

Drug Formulations

Cement

Computer software


Diversified

Minerals

Motors & Generators

Paints & Varnishes

Retail Trade


Civil engineering works






Storage Batteries

Financial Institutions

Towers & Lattice Masts

Castings




NBFCs(including hire purchase/leasing companies)

Media-Broadcasting

Electronics

Manufacture Of Rubber Tyres And Tubes

Refinery


Civil Engineering

Shipping

Biaxially oriented polypropylene film

Transformers

Construction/erection and maintenance of power.

All India Development Institutions (Dfis)

Trade In Minerals & Energy Sources

Heavy commercial vehicles


Construction - Civil / Turnkey - Large

Other Fertilisers

Steam Boilers


Dairy products

Railway Wagons, Coaches Etc.

Edible Oils

Paper And Paper Products

Internal Combustion Engines


Tea

Soaps

Switching Apparatus



Mobile Cranes

LNG Storage & Distribution


Entertainment

CD/CP's

Cash Bank & Others


29

Whole LifeShort-Term Fixed

Income Fund


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to generate stable returns by investing in fixed income securities having shorter maturity periods. Under normal circumstances, the average maturity of the Fund may be in the range of 1-3 years.

Daily


Mr. Saravana Kumar


PERFORMANCE - WHOLE LIFE SHORT-TERM FIXED INCOME FUND (NAV [in Rs.] & CRISIL Short-Term Bond Index as on 31-Dec-09 is 12.0450 and 1612.5226 respectively)


PERIOD DATE NAV CRISIL Short-Term Bond Index NAV Change INDEX Change

Last 1 Month 30-Nov-09 12.0380 1609.6436 0.06% 0.18%

Last 3 Months 30-Sep-09 11.8360 1591.8848 1.77% 1.30%

Last 6 Months 30-Jun-09 11.7020 1577.7392 2.93% 2.20%

Last 1 Year 31-Dec-08 11.0970 1513.0129 8.54% 6.58%


RATING % to NAV

AAA 78.61

P1+ 10.34


Net Assets 100.00

ASSET ALLOCATION


CD/CP's 10.34


Net Assets 100.00

% to NAV

Instrument

PORTFOLIO

Corporate Bonds 78.617.90% RECL 2012 AAA 16.489.68% IRFC 2012 AAA 14.338.40% Exim Bank 2010 AAA 9.269.45% LIC Housing 2012 AAA 8.596.98% IRFC 2012 AAA 7.267.35% HPCL 2012 AAA 7.266.84% HDFC 2011 AAA 6.387.40% Infrastructure 2012 AAA 5.436.90% PFC 2012 AAA 3.62CD/CP's 10.34State Bank of Patiala 2010 - CD P1+ 5.17Bank of Baroda 2010 - CD P1+ 5.17CASH BANK & OTHERS 11.06Net Assets 100.00

% of NAVRatingMATURITY PROFILE

11.06%10.34%

78.61%


10.34%

78.61%

11.06%


0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%



Future EquityPension Fund


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to generate long-term capital appreciation from a portfolio that is invested pre-dominantly in equity and equity-linked securities.

Daily

Tax benefits on the premiums paid under Section 80 C and tax exemptions on death benefits under Section 10 (10 D). Upto one-third of the accumulated value can be commuted as tax-free lumpsum on your retirement day.

Mr. Saravana Kumar


PERFORMANCE - FUTURE EQUITY PENSION FUND (NAV [in Rs.] & S&P CNX NIFTY as on 31-Dec-09 is 11.3490 and 5201.05 respectively)

PERIOD DATE NAV S&P CNX NIFTY NAV Change INDEX ChangeLast 1 Month 30-Nov-09 11.0760 5032.70 2.46% 3.35%Last 3 Month 30-Sep-09 10.8870 5083.95 4.24% 2.30%Last 6 Month 30-Jun-09 9.4400 4291.10 20.22% 21.21%Last 1 Year 31-Dec-08 6.6140 2959.15 71.59% 75.76%Since Inception 04-Feb-08 10.0000 5463.50 13.49% -4.80%


Equity 91.08


Net Assets 100.00


IndustrySector

SECTOR STRATEGY

% to NAV SectorService Activities Incidental To Oil And Gas Extra 1.01Retail Trade 0.96Paints & Varnishes 0.94Thermal Electricity 0.93Lng Storage And Distribution 0.84Manufacture Of Pharmaceuticals, Medicinal Chemical 0.80Switching Apparatus 0.69All India Development Institutions (Dfis) 0.62LPG Storage And Distribution 0.54Power Transmission Line Services 0.48Civil Engineering 0.41Material Handling Equipments 0.35Construction/Erection and Maintenance of Power 0.32Other Fertilisers 0.22Hydro Electricity 0.19Transformers 0.17Mobile Cranes 0.13Entertainment 0.12Media-Broadcasting 0.07Cash Bank & Others 8.93Total 100.00

% to NAV

30

Equity 91.08























United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 1.43





Voltas Limited Diversified 1.21


Mphasis Ltd Computer software 1.08


Oil India Ltd Service Activities Incidental To Oil And Gas Extra 1.01

Pantaloon Retail India Ltd Retail Trade 0.96



Gujarat State Petronet Ltd Lng Storage And Distribution 0.84




Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.62





Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.45

Punj Lloyd Ltd Civil Engineering 0.41


Tata Chemicals Ltd Other Fertilisers 0.22

Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.20

NHPC Ltd Hydro Electricity 0.19

Emco Ltd Transformers 0.17




DB Corp Ltd Entertainment 0.12

Television Eighteen India Ltd Media-Broadcasting 0.07


Net Assets 100.00

ASSET ALLOCATION

Equity Cash, Bank & Others


Banking Services 17.42Computer Software 8.31Refinery 7.83Industrial Contracts & Turnkey Projects 4.84Cigarettes 4.38Housing Finance Services 3.51Cellular Mobile Phone Service 3.36Diversified 3.25Prime Movers 2.94Construction Of Roads, Bridges, Tunnels Etc. 2.92Drug Formulations 2.86Petroleum Oil 2.54Copper & Copper Products 2.26Motors & Generators 2.24Finished Steel 2.16Utility Vehicles Including Jeeps 1.89Heavy Commercial Vehicles 1.66Motorcycles 1.52Ethyl Alcohol (Strength Less Than 80%) 1.43Storage Batteries 1.41Cosmetics/Soaps/Toiletries/Detergents 1.39Coal Based Thermal Electricity 1.15

Banking Services

Computer Software

Refinery


Cigarettes



Diversified

Prime Movers


Drug Formulations

Petroleum Oil


Motors & Generators

Finished Steel



Motorcycles


Storage Batteries




Retail Trade

Paints & Varnishes

Thermal Electricity



Switching Apparatus

All India Development Institutions (Dfis)



Civil Engineering



Other Fertilisers

Hydro Electricity

Transformers

Mobile Cranes

Entertainment

Media-Broadcasting

Cash Bank & Others

0.13%

0.07%

0.12%

8.92%

2.24%

2.16%

1.89%

1.66%

1.52%

1.43%

1.41%

1.39%

1.15%1.01%0.96%0.94%0.93%0.84%

0.54%0.48%

0.41%

17.42%

8.31%

7.83%

2.26%

4.84%

4.38%

3.51%

3.36%

2.94%

3.25%2.86%

2.92%

2.54%

0.80%

0.69%0.62%

0.35%0.32% 0.17%0.19%0.22%

8.93%

91.08%

Sector

SECTOR STRATEGY

SectorAll India Development Institutions (Dfis) 0.33Finished Steel 0.28Switchgears 0.27Civil Engineering 0.27Heavy Commercial Vehicles 0.21Construction/Erection and Maintenance of Power 0.20Motorcycles 0.20Media-Broadcasting 0.18Finance Related Allied Activities 0.17Edible Oils 0.14Cement 0.11Steam Boilers 0.11Switching Apparatus 0.05Mining 0.03Mobile Cranes 0.02Transformers 0.02Corporate Bonds 57.10Cash Bank & Others 20.79Total 100.00

% to NAV


Future GrowthPension Fund


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to maximise the returns with medium risk.

Daily


Mr. Saravana Kumar


IndustryEquity 22.12Reliance Industries Ltd Refinery 1.76Infosys Technologies Ltd Computer Software 1.40ICICI Bank Ltd Banking Services 1.22Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 1.13ITC Ltd Cigarettes 1.01HDFC Bank Banking Services 0.99Oil & Natural Gas Corp Ltd Petroleum Oil 0.79HDFC Ltd Housing Finance Services 0.72State Bank Of India Banking Services 0.71Bharat Heavy Electricals Ltd Prime Movers 0.70Bharti Airtel Ltd Cellular Mobile Phone Service 0.68Sterlite Industries (India) Ltd Copper & Copper Products 0.62Crompton Greaves Ltd Motors & Generators 0.57Axis Bank Ltd Banking Services 0.53Exide Industries Ltd Storage Batteries 0.52Sintex Industries Ltd Diversified 0.49Oriental Bank Of Commerce Banking Services 0.45Wipro Ltd Computer Software 0.43NTPC Ltd Thermal Electricity 0.42Bank Of Baroda Banking Services 0.39Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.39Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.36Power Finance Corp Ltd Financial Institutions 0.35Cesc Ltd Coal Based Thermal Electricity 0.35United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.34Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.33Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.31Tata Power Co Ltd Thermal Electricity 0.31Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.30Punjab National Bank Banking Services 0.28Tata Steel Ltd Finished Steel 0.28ABB Ltd Switchgears 0.27Punj Lloyd Ltd Civil Engineering 0.27Glenmark Pharmaceuticals Ltd Drug Formulations 0.25Union Bank Of India Banking Services 0.21Tata Motors Ltd Heavy Commercial Vehicles 0.21Cadila Healthcare Ltd Drug formulations 0.20Sun Pharmaceutical Industries Ltd Drug Formulations 0.20Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.20Bajaj Auto Ltd - New Shs Motorcycles 0.20Zee News Ltd Media-Broadcasting 0.18Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.17Reliance Communication Ltd Cellular Mobile Phone Service 0.14Marico Ltd Edible Oils 0.14Ambuja Cements Ltd Cement 0.11Thermax Limited Steam Boilers 0.11Areva T&D India Ltd Switching Apparatus 0.05Voltas Limited Diversified 0.05Gujarat Nre Coke Ltd Mining 0.03Action Construction Equipments Ltd Mobile Cranes 0.02Emco Ltd Transformers 0.02Corporate Bonds 57.1010.00% IDFC 2012 AAA 14.2310.00% PFC 2012 AAA 9.457.9% RECL 2012 AAA 8.998.40% HDFC 2014 AAA 8.958.40% Exim Bank 2010 AAA 7.277.20% HDFC 2010 AAA 5.399.50% HDFC 2013 AAA 2.82CASH BANK & OTHERS 20.79Net Assets 100.00


Last 1 Month 30-Nov-09 11.3820 0.73% 0.96%

Last 3 Months 30-Sep-09 11.2320 2.07% 1.73%

Last 6 Months 30-Jun-09 10.7720 6.43% 7.50%

Last 1 Year 31-Dec-08 9.4880 20.84% 25.18%

Since Inception 04-Feb-08 10.0000 14.65% 6.65%


PERFORMANCE - FUTURE GROWTH PENSION FUND (NAV [in Rs.] as on 31-Dec-09 is 11.4650)

31

ASSET ALLOCATION




Equity 22.12



Net Assets 100.00

Banking Services 4.78Computer Software 1.82Refinery 1.76Industrial Contracts & Turnkey Projects 1.13Drug Formulations 1.04Cigarettes 1.01Cellular Mobile Phone Service 0.82Petroleum Oil 0.79Thermal Electricity 0.73Housing Finance Services 0.72Prime Movers 0.70Copper & Copper Products 0.62Construction Of Roads, Bridges, Tunnels Etc. 0.61Motors & Generators 0.57Diversified 0.54Storage Batteries 0.52Cosmetics/Soaps/Toiletries/Detergents 0.36Financial Institutions 0.35Coal Based Thermal Electricity 0.35Ethyl Alcohol (Strength Less Than 80%) 0.34

% to NAV

20.79%

57.10%

22.12%

1.01%

0.52%

0.35%

0.36%

0.54%

0.57%0.61%

0.62%

0.70%

0.72%

0.79%

1.04%

1.13%

1.76%

0.02%

4.78%

0.35%

0.34%

0.82%0.73%

1.82%

0.33%

0.28%

0.27%

0.27%0.21%

0.20%0.20%

0.18%0.17%0.14%0.11%0.11%

0.05%0.03%

20.79%

57.10%

0.02%

Banking Services Computer Software

Refinery Industrial Contracts & Turnkey Projects

Drug Formulations Cigarettes

Cellular Mobile Phone Service Petroleum Oil

Thermal Electricity Housing Finance Services

Prime Movers Copper & Copper Products

Construction Of Roads, Bridges, Tunnels Etc. Motors & Generators

Diversified Storage Batteries

Cosmetics/Soaps/Toiletries/Detergents Financial Institutions

Coal Based Thermal Electricity Ethyl Alcohol (Strength Less Than 80%)

All India Development Institutions (Dfis) Finished Steel

Switchgears Civil Engineering

Heavy Commercial Vehicles Construction/Erection and Maintenance of Power

Motorcycles Media-Broadcasting

Finance Related Allied Activities Edible Oils

Cement Steam Boilers

Switching Apparatus Mining

Mobile Cranes Transformers

Corporate Bonds Cash Bank & Others

Future CapitalGuarantee Pension Fund


Last 1 Month 30-Nov-09 11.1620 0.10% 0.44%

Last 3 Month 30-Sep-09 11.0040 1.54% 1.60%

Last 6 Month 30-Jun-09 10.8890 2.61% 4.56%

Last 1 Year 31-Dec-08 10.4390 7.03% 14.34%




PERFORMANCE - FUTURE CAPITAL GUARANTEE PENSION FUND (NAV [in Rs.] as on 31-Dec-09 is 11.1730)


Equity 11.03




Net Assets 100.00


NAV Calculation:

Tax Benefits:

Fund Manager:

The key objective of the fund is to protect the capital by investing in high quality fixed-income securities and at the same time, provide access to the upside potential of equities by investing a maximum of 15% in equities and equity-linked instruments.

Daily


Mr. Saravana Kumar

32


IndustryEquity 11.03Reliance Industries Ltd Refinery 1.04Infosys Technologies Ltd Computer Software 0.77ICICI Bank Ltd Banking Services 0.66Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 0.57ITC Ltd Cigarettes 0.53HDFC Bank Banking Services 0.51Oil & Natural Gas Corp Ltd Petroleum Oil 0.47Bharti Airtel Ltd Cellular Mobile Phone Service 0.46State Bank Of India Banking Services 0.45Tata Steel Ltd Finished Steel 0.40Sterlite Industries (India) Ltd Copper & Copper Products 0.38Bharat Heavy Electricals Ltd Prime Movers 0.38HDFC Ltd Housing Finance Services 0.37Axis Bank Ltd Banking Services 0.29Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.29Wipro Ltd Computer Software 0.27Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.26Steel Authority Of India Ltd Finished Steel 0.21Ntpc Ltd Thermal Electricity 0.20Tata Motors Ltd Heavy Commercial Vehicles 0.20Grasim Industries Ltd Cement 0.20Tata Power Co Ltd Thermal Electricity 0.19Reliance Infrastructure Thermal Electricity 0.18Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.17Jindal Steel & Power Ltd Iron And Steel 0.17Power Grid Corp Of India Ltd Power Transmission Line Services 0.17Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.17Punjab National Bank Banking Services 0.13Hcl Technologies Ltd Computer Software 0.13Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.12Sun Pharmaceutical Industries Ltd Drug Formulations 0.12ABB Ltd Switchgears 0.12Cipla Ltd Drug Formulations 0.12Gail India Ltd LPG Storage And Distribution 0.12DLF Ltd Construction/Erection and Maintenance of Power 0.11Indian Oil Corp Ltd Refineries 0.10Government Securities 2.019.39% GOI 2011 Sovereign 2.01Corporate Bonds 74.4310.00% PFC 2012 AAA 25.139.68% IRFC 2012 AAA 16.639.45% LIC Housing 2012 AAA 16.638.40% Exim Bank 2010 AAA 8.067.20% HDFC 2010 AAA 3.997.90% RECL 2012 AAA 3.99CASH BANK & OTHERS 12.53Net Assets 100.00

Sector

SECTOR STRATEGY

SectorDrug Formulations 0.24Heavy Commercial Vehicles 0.20Cement 0.20Power Transmission Line Services 0.17Iron And Steel 0.17Weaving, Manufacturing Of Man-Made Fiber 0.17Construction Of Roads, Bridges, Tunnels Etc. 0.17Switchgears 0.12LPG Storage And Distribution 0.12Passenger Cars & Multi Utility Vehicles 0.12Construction/Erection and Maintenance of Power 0.11Refineries 0.10Corporate Bonds 74.43Cash Bank & Others 12.53

Total 100.00

% to NAVBanking Services 2.04Government Securities 2.01Computer Software 1.17Refinery 1.04Finished Steel 0.61Thermal Electricity 0.57Industrial Contracts & Turnkey Projects 0.57Cigarettes 0.53Petroleum Oil 0.47Cellular Mobile Phone Service 0.46Copper & Copper Products 0.38Prime Movers 0.38Housing Finance Services 0.37Cosmetics/Soaps/Toiletries/Detergents 0.29Utility Vehicles Including Jeeps 0.26

% to NAV

ASSET ALLOCATION


74.43%12.53%

2.01%

11.03%

Equity Government Securities

Corporate Bonds Cash Bank & Others

12.53%

74.43%

0.38%

0.46%0.38%

0.53%

0.47%

0.57%

0.57%

0.61% 1.04%

0.37%

1.17%2.01% 2.04%

0.10%

0.11%

0.12%0.12%

0.12%0.17%

0.17%

0.17%

0.17%

0.20%0.20%0.24%

0.26%

0.29%

Banking Services Government Securities

Computer Software Refinery

Finished Steel Thermal Electricity

Industrial Contracts & Turnkey Projects Cigarettes

Petroleum Oil Cellular Mobile Phone Service

Copper & Copper Products Prime Movers

Housing Finance Services Cosmetics/Soaps/Toiletries/Detergents

Utility Vehicles Including Jeeps Drug Formulations

Heavy Commercial Vehicles Cement

Power Transmission Line Services Iron And Steel

Weaving, Manufacturing Of Man-Made Fiber Construction Of Roads, Bridges, Tunnels Etc.

Switchgears LPG Storage And Distribution

Passenger Cars & Multi Utility Vehicles Construction/Erection and Maintenance of Power

Refineries Corporate Bonds

Cash Bank & Others

Future BalancedPension Fund


PERFORMANCE - FUTURE BALANCED PENSION FUND (NAV [in Rs.] as on 31-Dec-09 is 11.4280)





Net Assets 100.00

RATING % to NAV

Sovereign 1.02

AAA 73.86


Total 100.00

Government Securities 1.029.39% GOI 2011 Sovereign 1.02Corporate Bonds 73.8610.00% PFC 2012 AAA 26.7710.00% IDFC 2012 AAA 18.807.90% RECL 2012 AAA 15.388.40% Exim Bank 2010 AAA 10.367.20% HDFC 2010 AAA 2.55Cash Bank & Others 25.12Net Assets 100.00

InstrumentPORTFOLIO

Rating % of NAV


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to provide reasonable returns with low to medium risk.

Daily


Mr. Saravana Kumar

33


Last 1 Month 30-Nov-09 11.3940 0.30% 0.27%

Last 3 Months 30-Sep-09 11.2100 1.94% 1.56%

Last 6 Months 30-Jun-09 11.1340 2.64% 3.58%

Last 1 Year 31-Dec-08 10.6340 7.47% 10.73%



MATURITY PROFILE

RATING PROFILE

ASSET ALLOCATION

Government Securities Corporate Bonds

Cash, Bank & Others

Sovereign AAA Cash, Bank & Others

25.12%

73.86%

1.02%

1.02%73.86%

25.12%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%



Future IncomePension Fund




Net Assets 100.00

RATING % to NAV

AAA 82.88


Total 100.00

Corporate Bonds 82.888.40% HDFC 2014 AAA 16.529.45% LIC Housing 2012 AAA 13.8510.00% PFC 2012 AAA 12.219.68% IRFC 2012 AAA 12.127.40% Infrastructure 2012 AAA 9.857.90% RECL 2012 AAA 8.308.40% Exim Bank 2010 AAA 6.717.20% HDFC 2010 AAA 3.32CASH BANK & OTHERS 17.12Net Assets 100.00

InstrumentPORTFOLIO

Rating % of NAV

RATING PROFILE

ASSET ALLOCATION


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to generate income through investing in a range of debt and money market instruments of various maturities with a view to maximising the optimal balance between yield, safety and liquidity.

Daily


Mr. Saravana Kumar


PERFORMANCE - FUTURE INCOME PENSION FUND(NAV [in Rs.] & CRISIL Composite Bond Fund Index as on 31-Dec-09 is 11.2970 and 1566.5262 respectively)

PERIOD DATE NAV CRISIL Composite Bond Fund Index NAV Change INDEX ChangeLast 1 Month 30-Nov-09 11.2810 1567.5738 0.14% -0.07%Last 3 Months 30-Sep-09 11.1080 1543.6972 1.70% 1.48%Last 6 Months 30-Jun-09 10.9800 1541.5516 2.89% 1.62%Last 1 Year 31-Dec-08 10.4520 1513.4928 8.08% 3.50%Since Inception 04-Feb-08 10.0000 1404.2018 12.97% 11.56%

34

Corporate Bonds Cash, Bank & Others

AAA Cash, Bank & Others

MATURITY PROFILE

82.88%

17.12%

17.12%

82.88%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%



Future Select Equity Fund


NAV Calculation:

Tax Benefits:

Fund Manager:

The primary investment objective of the fund is to provide income distribution over a period of medium to long term while at all times emphasizing the importance of capital appreciation. The fund will invest significant amount in equity and equity linked instruments specifically excluding companies predominantly dealing in Gambling, Lotteries/Contests, Animal Produce, Liquor, Tobacco, Entertainment (Films, TV etc) Hotels, Banks and Financial Institutions.

Daily

Tax benefits on the premiums paid u/s 80 C and tax exemptions on death benefits under u/s 10 (10 D). Upto one-third of the accumulated value can be commuted as tax-free lumpsum on your retirement day.

Mr. Saravana Kumar

PERFORMANCE - FUTURE SELECT EQUITY FUND (NAV [in Rs.] & S & P India 500 Shariah Index as on 31-Dec-09 is 15.5780 and 1269.50 respectively)

35

PERIOD DATE NAV S & P India 500 Shariah Index NAV Change INDEX ChangeLast 1 Month 30-Nov-09 14.8970 1208.95 4.57% 5.01%Last 3 Months 30-Sep-09 14.6950 1210.84 6.01% 4.84%Last 6 Months 30-Jun-09 13.1750 1024.85 18.24% 23.87%Last 1 Year 31-Dec-08 10.1530 669.21 53.43% 89.70%Since Inception 06-Oct-08 10.0000 844.46 55.78% 50.33%



Equity 85.45

Cash, Bank & Others (Non Interest Bearing Securities) 14.55

Net Assets 100.00


IndustryEquity 85.45Reliance Industries Ltd Refinery 8.52Infosys Technologies Ltd Computer Software 6.00Bharat Heavy Electricals Ltd Prime Movers 5.37Oil & Natural Gas Corp Ltd Petroleum Oil 3.95Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 3.87NTPC Ltd Thermal Electricity 3.51Bharti Airtel Ltd Cellular Mobile Phone Service 2.95Crompton Greaves Ltd Motors & Generators 2.70Steel Authority Of India Ltd Finished Steel 2.70Lupin Ltd Drugs & Pharmaceuticals 2.47Mphasis Ltd Computer software 2.43Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 2.42Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 2.37Gail India Ltd LPG Storage And Distribution 2.15Exide Industries Ltd Storage Batteries 2.15Glenmark Pharmaceuticals Ltd Drug Formulations 2.05Ultratech Cement Ltd Cement 2.04Castrol India Ltd Lube oils & lubricants 2.03Wipro Ltd Computer Software 2.02Bajaj Auto Ltd - New Shs Motorcycles 1.96Container Corp Of India Ltd Transport Services Support Systems 1.95Cadila Healthcare Ltd Drug formulations 1.94Asian Paints (India) Ltd Paints & Varnishes 1.87ABB Ltd Switchgears 1.71Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 1.71Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 1.63Patni Computer Systems Ltd Computer Software 1.44Siemens India Ltd Switching Apparatus 1.30United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 1.29Hero Honda Motors Ltd Motorcycles 1.28Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 1.27Cipla Ltd Drug Formulations 1.00Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 0.74Dabur India Ltd Cosmetics/Soaps/Toiletries/Detergents 0.71Thermax Limited Steam Boilers 0.68Bharat Electronics Ltd Electronics 0.58Sun Pharmaceutical Industries Ltd Drug Formulations 0.56Marico Ltd Edible Oils 0.14Cash Bank & Others( Non Interest Bearing Securities) 14.55Net Assets 100.00


SECTOR STRATEGY

% to NAVSectorComputer Software 11.90Refinery 8.52Drug Formulations 7.97Prime Movers 5.37Industrial Contracts & Turnkey Projects 5.14Petroleum Oil 3.95Thermal Electricity 3.51Motorcycles 3.24Cosmetics/Soaps/Toiletries/Detergents 3.07Cellular Mobile Phone Service 2.95Motors & Generators 2.70Finished Steel 2.70Drugs & Pharmaceuticals 2.47LPG Storage And Distribution 2.15Storage Batteries 2.15Cement 2.04Lube oils & lubricants 2.03Transport Services Support Systems 1.95Paints & Varnishes 1.87Switchgears 1.71Manufacture Of Pharmaceuticals, Medicinal Chemical 1.71Passenger Cars & Multi Utility Vehicles 1.63Switching Apparatus 1.30Pesticides & Pesticide Intermediates, Nec 1.29Preparation For Oral Or Dental Hygiene 0.74Steam Boilers 0.68Electronics 0.58Edible Oils 0.14Cash Bank & Others( Non Interest Bearing Securities) 14.55Total 100.00

ASSET ALLOCATION

14.55%

85.45%

Equity Cash Bank & Others( Non Interest Bearing Securities)

14.55%

0.14%

0.58%0.68%

1.30%

1.29%

0.74%1.44%

1.63%

1.71%1.71%

8.52%

7.97%

1.95%2.03%2.04%

2.15%

2.15%

2.47%2.70%

2.70%

10.45%

5.37%

5.14%

3.95%

3.51%

3.24%

3.07%2.95%

1.87%

Computer Software

Refinery

Drug Formulations

Prime Movers


Petroleum Oil

Thermal Electricity

Motorcycles



Motors & Generators

Finished Steel



Storage Batteries

Cement



Paints & Varnishes

Switchgears



Computers - Software - Large

Switching Apparatus



Steam Boilers

Electronics

Edible Oils

Cash Bank & Others( Non Interest Bearing Securities)

Disclaimer

Tata AIG Life Insurance Company Ltd. (Tata AIG Life) (Regn. No. 110)

Registered and Corporate Office: Peninsula Towers, 6th Floor, Peninsula Corporate Park,

Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013.

Visit us at www.tata-aig-life.com or call toll-free on 1800-11-9966.

Insurance is the subject matter of the solicitation

Un

iqu

e R

efer

ence

No

.: L

&C

/Ad

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01

0/J

an/1

02

4

Disclaimer:

1. The fund is managed by Tata AIG Life Insurance Company Ltd. (hereinafter the "Company").

2. Past performance is not indicative of future results. Returns are calculated on an absolute basis for a period of less than

(or equal to) a year, with reinvestment of dividends (if any).

3. All investments made by the Company are subject to market risks. The Company does not guarantee any assured returns.

The investment income and price may go down as well as up depending on several factors influencing the market.

4. Every effort is made to ensure that all information contained in this publication is accurate at the date of publication, but no

responsibility or liability in respect of any error or omission is accepted by the Company.

5. Tax benefits are as per the Income Tax Act, 1961 and are subject to amendments made therein from time to time.

6. This material belongs to Tata AIG Life Insurance Company Ltd. Any unauthorised use, reprint or circulation is prohibited.

7. Please know the associated risks and the applicable charges from your Insurance agent or the intermediary or policy document

of the insurer.

8. Various funds offered under this contract are the names of funds and do not, in any way, indicate the quality of the plans, their

future prospects & returns.

9. Premium paid in ULIPs are subject to Investment risks associated with capital markets & the NAV of the units may go up or

down based on the performance of the fund and factors influencing capital markets & the insured is responsible for

his/her decision.

10. ULIP products are different from traditional Life Insurance products and are subject to risk factors.

11. Tata AIG Life Insurance Company Limited is only the name of insurance company and i. Life Balance, ii. Life Growth,

iii. Life Liquid, iv. Life Income, v. Life Equity, vi. Life Aggressive Growth, vii. Life Stable Growth, viii. Life Short-term Fixed

Income, ix. Life Growth Maximiser, x. Life Large Cap Equity, xi. Life Growth Enabler, xii. Life Capital Guarantee, xiii. Life Select

Equity, xiv. 110% Capital Guarantee, xv. Tata AIG Top 50, xvi. Tata AIG Top 200, xvii. Tata AIG Aggressive Flexi,

xviii. Tata AIG Stable Flexi, xix. Tata AIG Bond, xx. Tata AIG Apex Investment, xxi. Tata AIG Apex Return Lock-In Fund,

xxii. Whole Life Aggressive Growth, xxiii. Whole Life Income, xxiv. Whole Life Stable Growth, xxv. Whole Life Mid-cap Equity,

xxvi. Whole Life Short-term Fixed Income, xxvii. Future Equity Pension, xxviii. Future Capital Guarantee Pension, xxix. Future

Growth Pension, xxx. Future Balanced Pension, xxxi. Future Income Pension, xxxii. Future Select Equity, are only the names of

the Funds and does not in any way indicate the quality of the contracts, its future prospects or returns.


36

investment report -...

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