Tata Aig Factsheet_April 2010.cdr

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					                                                                          Investment Report April, 2010


                                    INDEX
From the CIO’s Desk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Market Outlook. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Life Equity Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Whole Life Mid-Cap Equity Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Life Large Cap Equity Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Future Equity Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Life Select Equity Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Future Select Equity Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Tata AIG Top 50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Tata AIG Top 200 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Infrastructure Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Super Select Equity Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Super Select Equity Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Life Liquid Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Life Income Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Life Short Term Fixed Income Fund . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Whole Life Short Term Fixed Income Fund . . . . . . . . . . . . . . . . . . . . . . 18
Whole Life Income Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Future Income Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Tata AIG Bond Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Tata AIG Apex Investment Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Apex Pension Investment Fund (10 yrs term) . . . . . . . . . . . . . . . . . . . . . 23
Apex Pension Investment Fund (15 yrs term) . . . . . . . . . . . . . . . . . . . . . 24
Apex Pension Investment Fund (20 yrs term) . . . . . . . . . . . . . . . . . . . . . 25
Apex Pension Investment Fund SP. . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Apex Plus Investment Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
Life Aggressive Growth Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Life Stable Growth Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Whole Life Aggressive Growth Fund . . . . . . . . . . . . . . . . . . . . . . . . . 30
Whole Life Stable Growth Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Growth Maximsier Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Life Growth Enabler Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Life Capital Guarantee Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Future Capital Guarantee Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . 35
Future Growth Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Future Balanced Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
110% Capital Guarantee Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Tata AIG Aggressive Flexi Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Tata AIG Stable Flexi Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Tata AIG Apex Return Lock-in-Fund . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Tata AIG Apex Return Lock-in-Fund 2 . . . . . . . . . . . . . . . . . . . . . . . . . 42
Super 110% Capital Guarantee Fund . . . . . . . . . . . . . . . . . . . . . . . . . 43
                                                                                                    From the CIO’s Desk
                                                                                                          Investment Report April, 2010




                                       Dear Friends,

                                      April 2010 was an action packed month dominated by key Global
                                      and local events-RBIs Monetary Review and the Greece financial
                                      crisis......
The April 20th RBI Monetary Policy estimated the final real GDP growth for 2009-10 to settle between 7.2% and
7.5%.Baseline projection of real GDP growth for 2010-11 was placed at 8.0% with an upside bias. The RBI was cautiously
optimistic on the fact that Exports and Imports have turned around signaling the economic recovery. Inflation was
perceived as a key concern, recording levels well above the Reserve Bank's baseline projection of 8.5% WPI inflation for
March 2010. The RBI increased the repo and reverse repo rates by 25 bps with immediate effect and the increase in the
CRR of scheduled banks by 25 bps resulted in liquidity reduction of about Rs.12,500 crore.

The Greece Bailout Plan had been in the news throughout April 2010. On 13th April 2010, in an unprecedented move, the
finance ministers from the 16 countries of the Euro zone put together a 30 billion euro bailout package for Greece. On
22nd April 2010, European Union Statistics Wing confirmed that the Greece's deficit in 2009 was estimated at 13.6% of
GDP as against the previous estimate of 12.7%.This was followed by S& P downgrading Greece to Junk rating sending the
Greece Bond yields soaring as spreads widened against German Bond to historic highs. S& P lowered the credit ratings of
Portugal and Spain, sparking off fears of a possible contagion in the Southern European countries. It is widely expected that
a three year bailout package of 110 billion euros would be negotiated by the IMF with the Greece government and ratified
by the Euro zone members, so that Greece could meet its debt obligations.

On the domestic front, the IIP Growth numbers for Feb 10 clocked a robust 15.1% a shade lower than Jan 10 IIP of 16.7%
signaling a sustained recovery in key sectors of the economy, albeit on a low base. The Australian weather Bureau has
predicted a muted El Nino impact on Asian countries which means that monsoons are expected to be normal this year,
also concurred by the Indian meteorologists, who have estimated a normal south west monsoon bringing in the rainfall at
98% of the long-term average. This would significantly cool down food inflation levels going forward.

The result season was on in full swing in April 2010, with many sectors recording strong earnings growth.
The corporate earnings are estimated to grow at a CAGR of 23% over FY 10- FY 12E indicating a strong recovery. This
explains why the Indian markets are trading at a 30% premium to peer groups on a historical average basis.
Meanwhile, Assets under Management of TALIC crossed Rs.9500 crores as of April 30th 2010. TALIC funds have
continued their out performance in the debt category over a 1 year and 2 year horizon. Hybrid funds have largely
outperformed over a 2 year time frame.

Expectations of a strong IIP numbers for March 10, the possibility of inflation peaking out over the summer, higher than
expected 3G auction proceeds raised by the Govt. of India as well as rising farm incomes in May harvest offer a good set of
cues for the market going forward.




Saravana Kumar
Chief Investment Officer




                                                                                                                                          2
                                                                                                                      Market Outlook
                                                                                                                  Investment Report April, 2010



                                                 INVESTMENT PHILOSOPHY
Investment Objective : To Generate a superior and consistent risk adjusted investment returns to meet investors long term objective and
return expectation.

The foundation of the investment philiosophy rests on the following tenets:
       We have a long term view based on fundamental research to meet our investor's long term objectives
       We follow a well defined research process & methodology with rigour
       We have a largely bottom up stock picking to identify quality stocks at reasonable valuations
       We follow the same philosophy used for Balance sheet and third party investment

                                These make us well suited for insurance and pension fund investment.



                                                   DEBT MARKET OUTLOOK

Y     ields moved up in the month of April 10, the 10 year which was trading at 7.82% in the beginning of the month and closed at 8.05% at
      the end of the month. The yields moved up as the supply of government securities was high. The new 10 year benchmark security was issued
at 7.80%
RBIs 20th April 2010 Monetary review meeting set the tone for the Govt. securities rates to harden with RBI concerned about rising inflation.
Inflation has remained close to double digits, with the non-food inflation strengthening even as food inflation seems to be showing signs of peaking
out.
The meteorological department is predicting a normal monsoon (according to IMD the total rainfall during June-Sep 2010 would be 98% of the
long term average).The rabi (winter crop) harvest has started hitting the market and the output gap caused by the significantly low monsoon during
the last kharif ( summer) season is expected to close by June end. These two factors could moderate the food inflation levels going forward.
The growth in IIP numbers over the last quarter has surprised on the upside. Credit growth is estimated at 16% in 2009-10, deposit growth healthy
at over 18% YOY.
We expect that yields will align to the new 10 year before they start moving up again. The yields will remain strong as the Govt. borrowing will put
pressure on the rates to remain high and the RBI, though meeting for a review only on July 27th, 2010, has not ruled out rate hikes in the interim.
The G-Sec yield will inch up as central bank continues hiking policy rates, albeit at a slower pace due to easing inflation concerns and global
uncertainties.



                                                 EQUITY MARKET OUTLOOK

T  he Indian Equity markets traded flat during the month of April 2010. The Sensex rose by 0.18% to close at 17,558.71 and the Nifty closed at
   5278.00 up 0.55%. The CNX Midcap outperformed the broader indices and was up 4.62% month on month basis. During the month of April
2010, FIIs were net buyers to the tune of Rs. 9,900 crores.
The Industrial production continued to show strength with the IIP for February 2010 reported at 15.1%.The exports for that month were up YoY by
34.8% and the imports rose by 66.4%.The Inflation stood at 9.90% for the month of March 2010.
The Global markets traded mix for the month. The Dow Jones ended up 1.40%, and the NASDAQ was up 2.64%. However, European markets
traded weaker due to country risks emerging on the issue of Greece and the FTSE 100 Index was down by 2.22%.
For the Indian market,the Q4 FY 2009-10 earnings were robust (estimates for the fourth quarter at 20% yoy) and the full year earnings were
estimated higher by 8 % YOY. The Earnings estimates CAGR of 23% over FY 10-12 means that India is trading at 30% premium over its peers on
historical averages.
Forward PE multiples have re-rated to their 6 year mean levels as earnings growth expectations have plateaued over the last quarter.
In the short to medium term, the direction of the market would continue to be determined by liquidity and global sentiment. Any change in global
risk appetite is a key risk to market momentum. Strength in the US dollar could reverse capital flows to emerging markets.
The markets have traded in a tight range in April 2010 and there is a case for consolidation around the current levels due to possible monetary
tightening and global uncertainties.
The market seems to be gearing up for the Sensex EPS estimates for FY2011 (range between Rs.1000 to 1100) which implies a forward P/E of
around 17 times.

                                                                                                                                                       3
                                                                                                                                                                                                   Life Equity Fund
                                                                                                                                                                                                Investment Report April, 2010



                                   Investment Style                                                                                                                             Fund Details
                                       Investment Style                                                                                             Investment Objective    : To deliver medium to long-term capital appreciation
                                                                                                                                                                              through a portfolio essentially comprising of large
                         Value                     Blend                Growth                      Size                                                                      cap stocks that can perform well through market and
                                                                                                                                                                              economic cycles.
                                                                                                     Large                                          Fund Manager            : Mr. Saravana Kumar
                                                                                                       Mid                                          NAV as on 30 Apr, 10    : Rs. 31.0071
                                                                                                                                                    Benchmark               : BSE Sensex - 100%
                                                                                                     Small
                                                                                                                                                    Corpus as on 30 Apr, 10 : 2933.85 Crs.


                                      Fund Performance                                                                                                                       Asset Allocation
                                    DATE                   NAV                                           NAV             INDEX
   PERIOD                                                                     BSE Sensex                                                                                                                        Equity
                                                                                                        Change           Change
                                                                                                                                                                                                92.59%
                                                                                                                                                                                                                CD/CP’s
 Last 1 Month                   31-Mar-10                 30.55               17527.77                  1.51%               0.18%
                                                                                                                                                                4.30%                                           Cash, Bank & Others
 Last 3 Months                   29-Jan-10                28.66               16357.96                  8.19%               7.34%
                                                                                                                                                                2.77%                                           Fixed Deposit
 Last 6 Months                  30-Oct-09                 27.88               15896.28                 11.22% 10.46%                                            0.34%
 Last 1 Year                    29-Apr-09                 19.83               11403.25                 56.37% 53.98%
 Last 3 Years                   30-Apr-07                 26.23               13872.37                  5.74%               8.17%
 Since Inception                02-Mar-04                 10.00                 5823.17                20.15% 19.61%
Note : The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per
CAGR.




                                                                                                                    Sector Allocation
                                                                                                   Banks                                                                               21.90%
                                                                                            IT - Software                                            9.36%
                                                                     Capital Goods - Electrical Equipment                                   7.09%
                                                                                               Refineries                                   7.05%
                                                                                       Tobacco Products                             5.17%
                                                                 Capital Goods-Non Electrical Equipment                             5.11%
                                                                                             Automobile                         4.73%
                                                                                                 Finance                       4.22%
                                                                                Crude Oil & Natural Gas                      3.81%
                                                                                                  Realty                    3.48%
                                                                                      Telecomm-Service                  3.05%
                                                                                         Pharmaceuticals               2.71%
                                                                                     Non Ferrous Metals              2.40%
                                                                                              Diversified            2.27%
                                                                                                    Steel           2.00%
                                                                        Power Generation & Distribution         1.46%
                                                                                         Auto Ancillaries       1.43%
                                                                                           Paints/Varnish      1.18%
                                                                                                  Others                       4.17%
                                                                                                CD/CP's                2.77%
                                                                                           Fixed Deposit    0.34%
                                                                                     Cash Bank & Others                        4.30%

                                                                                                      0.00%                    5.00%                 10.00%       15.00%      20.00%            25.00%




                                                                                                                                Portfolio
     Instrument                                                        Industry                                        % of NAV                      Instrument                             Industry                        % of NAV
   Equity                                                                                                  92.59                                Mphasis Ltd                               IT - Software                       1.52
   Reliance Industries Ltd                                          Refineries                              7.05                                Jaiprakash Associates Ltd                 Realty                              1.43
   Infosys Technologies Ltd                                         IT - Software                           6.17                                Exide Industries Ltd                      Auto Ancillaries                    1.43
   ICICI Bank Ltd                                                   Banks                                   5.52                                IVRCL Infrastructures & Projects Ltd      Realty                              1.30
   ITC Ltd                                                          Tobacco Products                        5.17                                Cesc Ltd                                  Power Generation & Distribution     1.23
   HDFC Bank                                                        Banks                                   5.11                                Asian Paints (India) Ltd                  Paints/Varnish                      1.18
   State Bank Of India                                              Banks                                   4.71                                Sun Pharmaceutical Industries Ltd         Pharmaceuticals                     1.18
   Larsen And Toubro Ltd                                            Capital Goods-Non Electrical Equipment  3.85                                Other Equity(less than 1.00% of corpus)                                      11.99
   HDFC Ltd                                                         Finance                                 3.74                                Fixed Deposit                                                                 0.34
   Bharat Heavy Electricals Ltd                                     Capital Goods - Electrical Equipment 3.40                                   6.00% Tamilnadu Mercant Bank Ltd 2010                                         0.34
   Axis Bank Ltd                                                    Banks                                   3.25                                CD/CP's                                                                       2.77
   Bharti Airtel Ltd                                                Telecomm-Service                        3.05                                Indian Oil Corp. 2010 - CP                P1+                                 0.65
   Oil & Natural Gas Corp Ltd                                       Crude Oil & Natural Gas                 2.97                                Axis Bank 2010 - CD                       P1+                                 0.51
   Crompton Greaves Ltd                                             Capital Goods - Electrical Equipment 2.79                                   State Bank of Patiala 2010 - CD           P1+                                 0.41
   Sterlite Industries (India) Ltd                                  Non Ferrous Metals                      2.40                                Bank of Baroda 2010 - CD                  P1+                                 0.41
   Bank Of Baroda                                                   Banks                                   2.36                                Bank of Baroda 2011 - CD                  P1+                                 0.41
   Mahindra And Mahindra Ltd                                        Automobile                              2.33                                PNB 2011 - CD                             P1+                                 0.19
   Sintex Industries Ltd                                            Diversified                             2.05                                Canara Bank 2011 - CD                     P1+                                 0.19
   Tata Steel Ltd                                                   Steel                                   2.00                                Cash Bank & Others                                                            4.30
   Tata Motors Ltd                                                  Automobile                              1.74                                Net Assets                                                                  100.00
   Wipro Ltd                                                        IT - Software                           1.67
                                                                                                                                                                                                                                       4
                                                                                                                                                             Whole Life Mid-Cap Equity Fund
                                                                                                                                                                                                                   Investment Report April, 2010



                                   Investment Style                                                                                                                                              Fund Details
                                       Investment Style                                                                                          Investment Objective    : The primary investment objective of the fund is to
                                                                                                                                                                           generate long–term capital appreciation from a
                         Value                     Blend                Growth                      Size                                                                   portfolio that is invested pre- dominantly in Mid Cap
                                                                                                                                                                           Equity and Mid Cap Equity linked securities.
                                                                                                     Large                                       Fund Manager            : Mr. Saravana Kumar
                                                                                                       Mid                                       NAV as on 30 Apr, 10    : Rs. 13.1934
                                                                                                                                                 Benchmark               : NSE CNX Midcap Index - 100%
                                                                                                     Small
                                                                                                                                                 Corpus as on 30 Apr, 10 : 1109.47 Crs.


                                      Fund Performance                                                                                                                                     Asset Allocation
                                    DATE                   NAV             NSE CNX                    NAV                  INDEX
   PERIOD
                                                                          Midcap Index               Change                Change                                                                                                  Equity
                                                                                                                                                                                    89.62%
Last 1 Month                    31-Mar-10                12.76               7704.90                 3.39%                 4.62%                                                                                                   CD/CP’s
Last 3 Months                    29-Jan-10               11.83               7201.85               11.49%                  11.93%                                                                                      0.90%       Cash, Bank & Others
                                                                                                                                                                                                                        0.93%
Last 6 Months                   30-Oct-09                10.92               6579.80               20.80%                  22.51%                                                                                       8.55%      Fixed Deposit

Last 1 Year                     29-Apr-09                 7.06               3860.80               86.80%             108.79%
Last 3 Years                    30-Apr-07                10.36               5245.70                 8.38%                 15.40%
Since Inception                  08-Jan-07               10.00               5156.45                 8.73%                 14.45%                                                                  90.91%

Note : The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per
CAGR.



                                                                                                                  Sector Allocation
                                                                                                  Pharmaceuticals                                                                                   9.13%
                                                                                                               Banks                                                                       8.11%
                                                                           Capital Goods-Non Electrical Equipment                                                       5.58%
                                                                              Capital Goods - Electrical Equipment                                                  5.13%
                                                                                                              FMCG                                                 5.03%
                                                                                                       IT - Software                                              4.98%
                                                                                                               Realty                                           4.74%
                                                                                                             Finance                                        4.19%
                                                                                                             Cement                                      3.92%
                                                                                                   Auto Ancillaries                              3.06%
                                                                                                         Diversified                          2.76%
                                                                                                     Paints/Varnish                        2.47%
                                                                                                        Automobile                       2.22%
                                                                                                                Steel                   2.18%
                                                                                                   Agro Chemicals                       2.14%
                                                                                                         Chemicals                    1.95%
                                                                                                  Gas Distribution                    1.94%
                                                                                                             Textiles               1.81%
                                                                                              Alcoholic Beverages                  1.65%
                                                                                       Mining & Mineral products                  1.55%
                                                                                   Power Generation & Distribution               1.51%
                                                                                               Consumer Durables                 1.46%
                                                                                                     Miscellaneous             1.25%
                                                                                               Non Ferrous Metals             1.16%
                                                                                                                Tyres        1.06%
                                                                                                             Trading         1.00%
                                                                                                              Others                                                                    7.64%
                                                                                                            CD/CP's         0.93%
                                                                                                     Fixed Deposit          0.90%
                                                                                              Cash Bank & Others                                                                                8.55%
                                                                                                                   0.00%   1.00%    2.00%   3.00%    4.00%     5.00%    6.00%   7.00%   8.00%    9.00%   10.00%




                                                                                                                               Portfolio
     Instrument                                                        Industry                                        % of NAV                     Instrument                                                    Industry                   % of NAV
   Equity                                                                                                 89.62                                Colgate-Palmolive (India) Ltd                                FMCG                                 1.34
   Union Bank Of India                                             Banks                                   2.59                                IVRCL Infrastructures & Projects Ltd                         Realty                               1.33
   Asian Paints (India) Ltd                                        Paints/Varnish                          2.47                                Ultratech Cement Ltd                                         Cement                               1.32
   Crompton Greaves Ltd                                            Capital Goods - Electrical Equipment 2.46                                   ING Vysya Bank Ltd                                           Banks                                1.30
   Lupin Ltd                                                       Pharmaceuticals                         2.34                                Aia Engineering Ltd                                          Miscellaneous                        1.25
   United Phosphorus Ltd                                           Agro Chemicals                          2.14                                Shriram Transport Finance Co Ltd                             Finance                              1.23
   Patni Computer Systems Ltd                                      IT - Software                           1.99                                Glenmark Pharmaceuticals Ltd                                 Pharmaceuticals                      1.22
   Shree Cement Ltd                                                Cement                                  1.96                                Jyoti Structures Ltd                                         Capital Goods - Electrical Equipment 1.18
   Sintex Industries Ltd                                           Diversified                             1.95                                Sterlite Industries (India) Ltd                              Non Ferrous Metals                   1.16
   Glaxosmithkline Consumer Healthcare Ltd                         FMCG                                    1.93                                TVS Motor Co Ltd                                             Automobile                           1.14
   Cadila Healthcare Ltd                                           Pharmaceuticals                         1.93                                Jaiprakash Associates Ltd                                    Realty                               1.13
   Mphasis Ltd                                                     IT - Software                           1.92                                Bosch Ltd                                                    Auto Ancillaries                     1.10
   Aurobindo Pharma Ltd                                            Pharmaceuticals                         1.89                                Ashok Leyland Ltd                                            Automobile                           1.08
   Lanco Infratech Ltd                                             Capital Goods-Non Electrical Equipment  1.88                                Apollo Tyres Ltd                                             Tyres                                1.06
   Bank Of Baroda                                                  Banks                                   1.87                                Dabur India Ltd                                              FMCG                                 1.06
   JSW Steel Limited                                               Steel                                   1.84                                PTC India Ltd                                                Trading                              1.00
   Aditya Birla Nuvo Ltd                                           Textiles                                1.81                                Other Equity(less than 1.00% of corpus)                                                          26.70
   Divi'S Laboratories Ltd                                         Pharmaceuticals                         1.76                                Fixed Deposit                                                                                     0.90
   United Spirits Ltd                                              Alcoholic Beverages                     1.65                                6.5% Lakshmi Vilas Bank 2010                                                                      0.90
   Nagarjuna Cons Co Ltd                                           Realty                                  1.58                                CD/CP's                                                                                           0.93
   Power Finance Corp Ltd                                          Finance                                 1.56                                Axis Bank 2010 - CD                                          P1+                                  0.59
   Sesa Goa Ltd                                                    Mining & Mineral products               1.55                                Canara Bank 2011 - CD                                        P1+                                  0.34
   Cesc Ltd                                                        Power Generation & Distribution         1.51                                Cash Bank & Others                                                                                8.55
   Exide Industries Ltd                                            Auto Ancillaries                        1.46                                Net Assets                                                                                      100.00
                                                                                                                                                                                                                                                         5
                                                                                                                                                                      Life Large Cap Equity Fund
                                                                                                                                                                                          Investment Report April, 2010



                                   Investment Style                                                                                                                             Fund Details
                                       Investment Style                                                                                       Investment Objective    : The primary investment objective of the fund is to
                                                                                                                                                                        generate long-term capital appreciation from a
                         Value                     Blend                Growth                     Size                                                                 portfolio that is invested pre-dominantly in equity
                                                                                                                                                                        and equity linked securities.
                                                                                                    Large                                     Fund Manager            : Mr. Saravana Kumar
                                                                                                         Mid                                  NAV as on 30 Apr, 10    : Rs. 10.2301
                                                                                                                                              Benchmark               : NSE Nifty 50 Index - 100%
                                                                                                    Small
                                                                                                                                              Corpus as on 30 Apr, 10 : 433.09 Crs.


                                      Fund Performance                                                                                                                     Asset Allocation
                                    DATE                  NAV                  NSE Nifty                  NAV            INDEX
   PERIOD
                                                                               50 Index                  Change          Change                                                                             Equity
 Last 1 Month                   31-Mar-10                  10.09               5249.10                   1.40%              0.55%                                                                           CD/CP’s
                                                                                                                                                                                                92.09%      Cash, Bank & Others
 Last 3 Months                   29-Jan-10                  9.53               4882.05                   7.36%              8.11%
                                                                                                                                                                  4.53%                                     Fixed Deposit
 Last 6 Months                  30-Oct-09                   9.20               4711.70                   11.25% 12.02%
                                                                                                                                                                  1.07%
 Last 1 Year                    29-Apr-09                   6.55               3473.95                   56.16% 51.93%                                             2.31%

 Since Inception                 07-Jan-08                 10.00               6279.10                   0.99%          -7.24%
Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                                                                                                Sector Allocation

                                                                                               Banks                                                                        19.67%
                                                                                         IT - Software                                                   12.99%
                                                                                           Refineries                                     8.19%
                                                                                         Automobile                               5.62%
                                                                                     Pharmaceuticals                          5.01%
                                                                 Capital Goods - Electrical Equipment                        4.45%
                                                                                    Tobacco Products                        4.24%
                                                                     Power Generation & Distribution                  3.20%
                                                              Capital Goods-Non Electrical Equipment                  3.17%
                                                                                                 Steel               3.02%
                                                                                  Non Ferrous Metals                 2.96%
                                                                                          Diversified                2.94%
                                                                             Crude Oil & Natural Gas                 2.88%
                                                                                     Gas Distribution               2.77%
                                                                                               Realty            2.48%
                                                                                             Finance            2.21%
                                                                                 Alcoholic Beverages           1.92%
                                                                                     Auto Ancillaries          1.79%
                                                                                               Others               2.57%
                                                                                       Fixed Deposits           2.31%
                                                                                             CD/CP's        1.07%
                                                                                 Cash Bank & Others                          4.53%
                                                                                                    0.00%                   5.00%            10.00%          15.00%        20.00%      25.00%




                                                                                                                                Portfolio
     Instrument                                                       Industry                                         % of NAV                   Instrument                            Industry                        % of NAV
   Equity                                                                                               92.09                               Sun Pharmaceutical Industries Ltd         Pharmaceuticals                     1.73
   Infosys Technologies Ltd                                        IT - Software                          8.35                              Jaiprakash Associates Ltd                 Realty                              1.64
   Reliance Industries Ltd                                         Refineries                             8.19                              Gail India Ltd                            Gas Distribution                    1.63
   ICICI Bank Ltd                                                  Banks                                  5.39                              Oil & Natural Gas Corp Ltd                Crude Oil & Natural Gas             1.46
   State Bank Of India                                             Banks                                  4.59                              Oil India Ltd                             Crude Oil & Natural Gas             1.42
   ITC Ltd                                                         Tobacco Products                       4.24                              Tata Motors Ltd                           Automobile                          1.21
   HDFC Bank                                                       Banks                                  3.46                              Exide Industries Ltd                      Auto Ancillaries                    1.20
   Larsen And Toubro Ltd                                           Capital Goods-Non Electrical Equipment 3.17                              Cipla Ltd                                 Pharmaceuticals                     1.19
   Sterlite Industries (India) Ltd                                 Non Ferrous Metals                     2.96                              Punjab National Bank                      Banks                               1.08
   Bharat Heavy Electricals Ltd                                    Capital Goods - Electrical Equipment 2.59                                Mphasis Ltd                               IT - Software                       1.07
   Mahindra And Mahindra Ltd                                       Automobile                             2.43                              Maruti Suzuki India Ltd                   Automobile                          1.02
   HDFC Ltd                                                        Finance                                2.21                              NTPC Ltd                                  Power Generation & Distribution     1.01
   Tata Steel Ltd                                                  Steel                                  2.00                              Other Equity(less than 1.00% of corpus)                                      13.84
   Axis Bank Ltd                                                   Banks                                  1.94                              Fixed Deposits                                                                2.31
   United Spirits Ltd                                              Alcoholic Beverages                    1.92                              4.90% Saraswat Co-op Bank 2010                                                2.31
   Bank Of Baroda                                                  Banks                                  1.92                              CD/CP's                                                                       1.07
   Crompton Greaves Ltd                                            Capital Goods - Electrical Equipment 1.86                                Bank of Baroda 2010 - CD                  P1+                                 0.53
   HCL Technologies Ltd                                            IT - Software                          1.82                              State Bank of Patiala 2010 - CD           P1+                                 0.53
   Sintex Industries Ltd                                           Diversified                            1.80                              Cash Bank & Others                                                            4.53
   Wipro Ltd                                                       IT - Software                          1.76                              Net Assets                                                                  100.00
                                                                                                                                                                                                                                   6
                                                                                                                                                                              Future Equity Pension Fund
                                                                                                                                                                                                                  Investment Report April, 2010



                                   Investment Style                                                                                                                                            Fund Details
                                       Investment Style                                                                                          Investment Objective    : The primary investment objective of the fund is to
                                                                                                                                                                           generate long-term capital appreciation from a
                         Value                    Blend                Growth                      Size                                                                    portfolio that is invested pre-dominantly in equity
                                                                                                                                                                           and equity-linked securities.
                                                                                                    Large                                        Fund Manager            : Mr. Saravana Kumar
                                                                                                      Mid                                        NAV as on 30 Apr, 10    : Rs. 11.6648
                                                                                                                                                 Benchmark               : NSE Nifty 50 Index - 100%
                                                                                                    Small
                                                                                                                                                 Corpus as on 30 Apr, 10 : 139.85 Crs.



                                      Fund Performance                                                                                                                                   Asset Allocation
                                    DATE                      NAV             NSE Nifty                 NAV             INDEX
   PERIOD
                                                                              50 Index                 Change           Change                                                                                                   Equity
 Last 1 Month                   31-Mar-10                   11.51              5249.10                 1.32%             0.55%                                               92.24%
                                                                                                                                                                                                                                 Cash, Bank & Others

 Last 3 Months                  29-Jan-10                   10.78              4882.05                 8.26%             8.11%

 Last 6 Months                  30-Oct-09                   10.43              4711.70                11.83% 12.02%

 Last 1 Year                    29-Apr-09                    7.37              3473.95                58.21% 51.93%

 Since Inception                04-Feb-08                   10.00              5463.50                 7.13%            -1.53%                                                                                       7.76%

Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                                                                                                Sector Allocation

                                                                                                   Banks                                                                                                18.83%
                                                                                            IT - Software                                                   9.88%
                                                                                               Refineries                                       7.02%
                                                                                             Automobile                                 5.37%
                                                                     Capital Goods - Electrical Equipment                               5.32%
                                                                                         Pharmaceuticals                          4.49%
                                                                                              Diversified                         4.47%
                                                                 Capital Goods-Non Electrical Equipment                           4.33%
                                                                                       Tobacco Products                          4.18%
                                                                                                 Finance                        3.85%
                                                                        Power Generation & Distribution                    3.36%
                                                                                Crude Oil & Natural Gas                  3.00%
                                                                                                  Realty                 2.83%
                                                                                         Gas Distribution               2.56%
                                                                                     Non Ferrous Metals                2.37%
                                                                                      Telecomm-Service              2.13%
                                                                                                    Steel         1.77%
                                                                                         Auto Ancillaries       1.23%
                                                                                     Alcoholic Beverages       1.17%
                                                                                                 Textiles      1.04%
                                                                                           Paints/Varnish      1.04%
                                                                                                  FMCG         1.03%
                                                                                                  Others       0.97%
                                                                                     Cash Bank & Others                                           7.76%

                                                                                                       0.00%    2.00%      4.00%        6.00%    8.00%    10.00%    12.00%   14.00%   16.00%   18.00%    20.00%




                                                                                                                                Portfolio
     Instrument                                                       Industry                                         % of NAV                    Instrument                                                    Industry                    % of NAV
   Equity                                                                                              92.24                                    Gail India Ltd                                             Gas Distribution                    1.53
   Reliance Industries Ltd                                        Refineries                             7.02                                   Tata Motors Ltd                                            Automobile                          1.52
   Infosys Technologies Ltd                                       IT - Software                          6.26                                   Bajaj Auto Ltd - New Shs                                   Automobile                          1.48
   ICICI Bank Ltd                                                 Banks                                  5.15                                   Cipla Ltd                                                  Pharmaceuticals                     1.47
   Larsen And Toubro Ltd                                          Capital Goods-Non Electrical Equipment 4.33                                   Grasim Industries Ltd                                      Diversified                         1.46
   ITC Ltd                                                        Tobacco Products                       4.18                                   Mphasis Ltd                                                IT - Software                       1.46
   State Bank Of India                                            Banks                                  3.95                                   Jaiprakash Associates Ltd                                  Realty                              1.27
   HDFC Bank                                                      Banks                                  3.86                                   Exide Industries Ltd                                       Auto Ancillaries                    1.23
   HDFC Ltd                                                       Finance                                3.32                                   Punjab National Bank                                       Banks                               1.19
   Bharat Heavy Electricals Ltd                                   Capital Goods - Electrical Equipment 3.03                                     Tata Power Co Ltd                                          Power Generation & Distribution     1.17
   Mahindra And Mahindra Ltd                                      Automobile                             2.37                                   United Spirits Ltd                                         Alcoholic Beverages                 1.17
   Sterlite Industries (India) Ltd                                Non Ferrous Metals                     2.37                                   Dr Reddys Laboratories Ltd                                 Pharmaceuticals                     1.13
   Axis Bank Ltd                                                  Banks                                  2.27                                   Sun Pharmaceutical Industries Ltd                          Pharmaceuticals                     1.12
   Oil & Natural Gas Corp Ltd                                     Crude Oil & Natural Gas                2.26                                   Aditya Birla Nuvo Ltd                                      Textiles                            1.04
   Bank Of Baroda                                                 Banks                                  2.23                                   Asian Paints (India) Ltd                                   Paints/Varnish                      1.04
   Crompton Greaves Ltd                                           Capital Goods - Electrical Equipment 2.17                                     Voltas Limited                                             Diversified                         1.04
   Bharti Airtel Ltd                                              Telecomm-Service                       2.13                                   Hindustan Unilever Ltd                                     FMCG                                1.03
   Sintex Industries Ltd                                          Diversified                            1.97                                   Petronet Lng Ltd                                           Gas Distribution                    1.03
   Tata Steel Ltd                                                 Steel                                  1.77                                   Other Equity(less than 1.00% of corpus)                                                        6.08
   Wipro Ltd                                                      IT - Software                          1.58                                   CASH BANK & OTHERS                                                                             7.76
   IVRCL Infrastructures & Projects Ltd                           Realty                                 1.56                                   Net Assets                                                                                   100.00
                                                                                                                                                                                                                                                        7
                                                                                                                                                                                         Life Select Equity Fund
                                                                                                                                                                                                          Investment Report April, 2010



                                   Investment Style                                                                                                                                      Fund Details
                                       Investment Style                                                                                       Investment Objective                  : The primary investment objective of the fund is to p r o v i d e
                                                                                                                                                                                      income distribution over a period of medium to long term
                                                                                                                                                                                      while at all times emphasizing the importance of capital
                         Value                     Blend                Growth                    Size                                                                                appreciation. The fund will invest significant amount in
                                                                                                                                                                                      equity and equity linked instruments specifically excluding
                                                                                                                                                                                      companies p r e d o m i n a n t l y d e a l i n g i n G a m b l i n g ,
                                                                                                    Large                                                                             Lotteries/Contests, Animal Produce, Liquor, T o b a c c o ,
                                                                                                                                                                                      Entertainment (Films, TV etc) Hotels, Banks and Financial
                                                                                                      Mid                                                                             Institutions.
                                                                                                                                              Fund Manager                          : Mr. Saravana Kumar
                                                                                                                                              NAV as on 30 Apr, 10                  : Rs. 16.2866
                                                                                                    Small                                     Benchmark                             : S & P India 500 Shariah Index - 100%
                                                                                                                                              Corpus as on 30 Apr, 10               : 82.77 Crs.


                                      Fund Performance                                                                                                                               Asset Allocation
                                    DATE                    NAV           S & P India 500              NAV              INDEX
   PERIOD
                                                                           Shariah Index              Change            Change                                                                                                 Equity
                                                                                                                                                                                 92.77%
 Last 1 Month                   31-Mar-10                 16.21                1274.90                 0.49%             0.47%                                                                                                 Cash, Bank & Others
                                                                                                                                                                                                                               ( Non Interest Bearing
 Last 3 Months                   29-Jan-10                15.17                1198.63                 7.39%             6.86%                                                                                                 Securities)

 Last 6 Months                  30-Oct-09                 14.47                1132.92               12.59% 13.06%

 Last 1 Year                    29-Apr-09                 11.30                 803.74               44.10% 59.37%                                                                                               7.23%

 Since Inception                06-Oct-08                 10.00                 844.46               36.59% 30.52%
Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                                                                                                 Sector Allocation
                                                                                                            Pharmaceuticals                                                                  14.94%

                                                                                                               IT - Software                                                        13.06%
                                                                                                                  Refineries                                     8.12%
                                                                                        Capital Goods - Electrical Equipment                                   7.63%
                                                                                                                     FMCG                                      7.60%
                                                                                    Capital Goods-Non Electrical Equipment                            5.48%
                                                                                                                Automobile                          4.88%
                                                                                                                       Steel                      4.22%
                                                                                                            Gas Distribution                      4.18%
                                                                                                            Auto Ancillaries              2.94%
                                                                                                   Crude Oil & Natural Gas                2.80%
                                                                                                              Paints/Varnish          2.51%
                                                                                                        Consumer Durables             2.45%
                                                                                                         Telecomm-Service            2.34%
                                                                                                                 Chemicals           2.22%
                                                                                                            Agro Chemicals          2.06%
                                                                                           Power Generation & Distribution         1.88%
                                                                                                                    Cement         1.76%
                                                                                                                     Others        1.69%
                                                                        Cash Bank & Others( Non Interest Bearing Securities)                                  7.23%

                                                                                                                          0.00%   2.00%     4.00%     6.00%   8.00%    10.00% 12.00% 14.00% 16.00%




                                                                                                                               Portfolio
     Instrument                                                       Industry                                        % of NAV                     Instrument                                           Industry                           % of NAV
   Equity                                                                       92.77                                                        United Phosphorus Ltd                                    Agro Chemicals                           2.06
   Reliance Industries Ltd                 Refineries                             8.12                                                       Divi'S Laboratories Ltd                                  Pharmaceuticals                          2.03
   Infosys Technologies Ltd                IT - Software                          6.62                                                       Wipro Ltd                                                IT - Software                            2.03
   Larsen And Toubro Ltd                   Capital Goods-Non Electrical Equipment 4.88                                                       Steel Authority Of India Ltd                             Steel                                    1.98
   Bharat Heavy Electricals Ltd            Capital Goods - Electrical Equipment 3.31                                                         Patni Computer Systems Ltd                               IT - Software                            1.95
   Oil & Natural Gas Corp Ltd              Crude Oil & Natural Gas                2.80                                                       Sun Pharmaceutical Industries Ltd                        Pharmaceuticals                          1.90
   Lupin Ltd                               Pharmaceuticals                        2.78                                                       NTPC Ltd                                                 Power Generation & Distribution          1.88
   Crompton Greaves Ltd                    Capital Goods - Electrical Equipment 2.67                                                         Gujarat Gas Company Ltd                                  Gas Distribution                         1.85
   Cadila Healthcare Ltd                   Pharmaceuticals                        2.53                                                       Ultratech Cement Ltd                                     Cement                                   1.76
   Asian Paints (India) Ltd                Paints/Varnish                         2.51                                                       Hindustan Unilever Ltd                                   FMCG                                     1.74
   Mphasis Ltd                             IT - Software                          2.47                                                       Bajaj Auto Ltd - New Shs                                 Automobile                               1.52
   Bharti Airtel Ltd                       Telecomm-Service                       2.34                                                       Exide Industries Ltd                                     Auto Ancillaries                         1.48
   Gail India Ltd                          Gas Distribution                       2.33                                                       Motherson Sumi Systems Ltd                               Auto Ancillaries                         1.45
   Maruti Suzuki India Ltd                 Automobile                             2.32                                                       Titan Industries Ltd                                     Consumer Durables                        1.29
   Dr Reddys Laboratories Ltd              Pharmaceuticals                        2.28                                                       Glenmark Pharmaceuticals Ltd                             Pharmaceuticals                          1.14
   Cipla Ltd                               Pharmaceuticals                        2.28                                                       Dabur India Ltd                                          FMCG                                     1.09
   Jindal Steel & Power Ltd                Steel                                  2.25                                                       Hero Honda Motors Ltd                                    Automobile                               1.04
   Castrol India Ltd                       Chemicals                              2.22                                                       Other Equity(less than 1.00% of corpus)                                                           5.57
   Glaxosmithkline Consumer Healthcare Ltd FMCG                                   2.17                                                       Cash Bank & Others - Non Interest Bearing Securities                                              7.23
   Colgate-Palmolive (India) Ltd           FMCG                                   2.15                                                       Net Assets                                                                                      100.00
                                                                                                                                                                                                                                                                8
                                                                                                                                                                                        Future Select Equity Fund
                                                                                                                                                                                                                   Investment Report April, 2010



                                   Investment Style                                                                                                                                                Fund Details
                                       Investment Style                                                                                            Investment Objective                       : 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
                         Value                     Blend                Growth                     Size                                                                                         appreciation. The fund will invest significant amount in
                                                                                                                                                                                                equity and equity linked instruments specifically excluding
                                                                                                                                                                                                companies predominantly dealing in Gambling,
                                                                                                    Large                                                                                       Lotteries/Contests, Animal Produce, Liquor, Tobacco,
                                                                                                                                                                                                Entertainment (Films, TV etc) Hotels, Banks and Financial
                                                                                                      Mid                                                                                       Institutions.
                                                                                                                                                   Fund Manager                               : Mr. Saravana Kumar
                                                                                                                                                   NAV as on 30 Apr, 10                       : Rs. 15.9230
                                                                                                    Small                                          Benchmark                                  : S & P India 500 Shariah Index - 100%
                                                                                                                                                   Corpus as on 30 Apr, 10                    : 16.27 Crs.


                                      Fund Performance                                                                                                                                         Asset Allocation
                                    DATE                    NAV           S & P India 500               NAV             INDEX
   PERIOD
                                                                           Shariah Index               Change           Change                                                                                                        Equity
 Last 1 Month                   31-Mar-10                 15.89                1274.90                 0.21%            0.47%                                                89.52%
                                                                                                                                                                                                                                      Cash, Bank & Others
                                                                                                                                                                                                                                      ( Non Interest Bearing
 Last 3 Months                   29-Jan-10                14.96                1198.63                 6.43%            6.86%                                                                                                         Securities)

 Last 6 Months                  30-Oct-09                 14.26                1132.92                11.63% 13.06%                                                                                                    10.48%

 Last 1 Year                    29-Apr-09                 11.11                 803.74                43.37% 59.37%

 Since Inception                06-Oct-08                 10.00                 844.46                34.63% 30.52%

Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                                                                                                     Sector Allocation
                                                                                                     IT - Software                                                                                        13.11%
                                                                                                 Pharmaceuticals                                                                                      12.45%
                                                                             Capital Goods - Electrical Equipment                                                                      9.94%
                                                                                                        Refineries                                                           8.57%
                                                                                                           FMCG                                              5.75%
                                                                          Capital Goods-Non Electrical Equipment                                             5.62%
                                                                                                 Gas Distribution                                    4.79%
                                                                                                      Automobile                                     4.68%
                                                                                                       Chemicals                          3.04%
                                                                                         Crude Oil & Natural Gas                      2.92%
                                                                                                  Agro Chemicals                     2.61%
                                                                                 Power Generation & Distribution                    2.55%
                                                                                                    Paints/Varnish                 2.24%
                                                                                               Telecomm-Service                    2.20%
                                                                                                             Steel                2.01%
                                                                                                  Auto Ancillaries            1.89%
                                                                                                          Cement              1.79%
                                                                                              Consumer Durables              1.76%
                                                                                                         Logistics          1.59%
                                                              Cash Bank & Others( Non Interest Bearing Securities)                                                                        10.48%

                                                                                                                0.00%       2.00%            4.00%       6.00%       8.00%           10.00%      12.00%     14.00%




                                                                                                                              Portfolio
     Instrument                                                       Industry                                        % of NAV                       Instrument                                                  Industry                       % of NAV
   Equity                                                                                               89.52                                     Castrol India Ltd                                            Chemicals                            2.03
   Reliance Industries Ltd                                         Refineries                             8.57                                    Steel Authority Of India Ltd                                 Steel                                2.01
   Infosys Technologies Ltd                                        IT - Software                          6.73                                    Dr Reddys Laboratories Ltd                                   Pharmaceuticals                      1.93
   Larsen And Toubro Ltd                                           Capital Goods-Non Electrical Equipment 4.96                                    Bajaj Auto Ltd - New Shs                                     Automobile                           1.93
   Bharat Heavy Electricals Ltd                                    Capital Goods - Electrical Equipment 4.59                                      Exide Industries Ltd                                         Auto Ancillaries                     1.89
   Lupin Ltd                                                       Pharmaceuticals                        3.14                                    Patni Computer Systems Ltd                                   IT - Software                        1.81
   Cadila Healthcare Ltd                                           Pharmaceuticals                        3.12                                    Ultratech Cement Ltd                                         Cement                               1.79
   Oil & Natural Gas Corp Ltd                                      Crude Oil & Natural Gas                2.92                                    Hindustan Unilever Ltd                                       FMCG                                 1.77
   Crompton Greaves Ltd                                            Capital Goods - Electrical Equipment 2.75                                      Glenmark Pharmaceuticals Ltd                                 Pharmaceuticals                      1.66
   Gail India Ltd                                                  Gas Distribution                       2.64                                    Container Corp Of India Ltd                                  Logistics                            1.59
   United Phosphorus Ltd                                           Agro Chemicals                         2.61                                    Maruti Suzuki India Ltd                                      Automobile                           1.57
   NTPC Ltd                                                        Power Generation & Distribution        2.55                                    ABB Ltd                                                      Capital Goods - Electrical Equipment 1.46
   Glaxosmithkline Consumer Healthcare Ltd                         FMCG                                   2.51                                    Siemens India Ltd                                            Consumer Durables                    1.31
   Mphasis Ltd                                                     IT - Software                          2.51                                    Hero Honda Motors Ltd                                        Automobile                           1.18
   Asian Paints (India) Ltd                                        Paints/Varnish                         2.24                                    Alstom Projects India Ltd                                    Capital Goods - Electrical Equipment 1.13
   Bharti Airtel Ltd                                               Telecomm-Service                       2.20                                    Pidilite Industries Ltd                                      Chemicals                            1.01
   Indraprastha Gas Ltd                                            Gas Distribution                       2.15                                    Other Equity(less than 1.00% of corpus)                                                           3.06
   Cipla Ltd                                                       Pharmaceuticals                        2.11                                    Cash Bank & Others( Non Interest Bearing Securities)                                             10.48
   Wipro Ltd                                                       IT - Software                          2.06                                    Net Assets                                                                                      100.00
                                                                                                                                                                                                                                                               9
                                                                                                                                                                                                             Tata AIG Top 50
                                                                                                                                                                                                          Investment Report April, 2010



                                   Investment Style                                                                                                                                           Fund Details
                                       Investment Style                                                                                            Investment Objective    : 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
                         Value                     Blend                Growth                    Size                                                                       capital appreciation. The Fund will not replicate the
                                                                                                                                                                             index, but aim to attain performance better than the
                                                                                                   Large                                                                     performance of the Index.
                                                                                                                                                   Fund Manager            : Mr. Saravana Kumar
                                                                                                     Mid                                           NAV as on 30 Apr, 10    : Rs. 15.9393
                                                                                                                                                   Benchmark               : NSE Nifty 50 Index - 100%
                                                                                                    Small
                                                                                                                                                   Corpus as on 30 Apr, 10 : 26.66 Crs.


                                      Fund Performance                                                                                                                                 Asset Allocation
                                    DATE                  NAV                 NSE Nifty                NAV              INDEX
   PERIOD
                                                                              50 Index                Change            Change                                                                                           Equity
 Last 1 Month                   31-Mar-10                15.81                 5249.10                0.81%             0.55%                                                                                            Cash, Bank & Others

 Last 3 Month                    29-Jan-10               14.91                 4882.05                6.93%             8.11%                                               92.28%

 Last 6 Month                   30-Oct-09                14.52                 4711.70                9.81%           12.02%

 Last 1 Year                    29-Apr-09                11.45                 3473.95               39.22% 51.93%
                                                                                                                                                                                                             7.72%
 Since Inception                 12-Jan-09               10.00                 2773.10               43.30% 64.32%

Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                                                                                                   Sector Allocation
                                                                                                          Banks                                                                      19.46%

                                                                                                   IT - Software                                              11.71%

                                                                                                      Refineries                                      9.11%

                                                                                                    Automobile                            5.85%

                                                                               Power Generation & Distribution                         5.63%

                                                                        Capital Goods-Non Electrical Equipment                        5.15%

                                                                                              Tobacco Products                        4.99%

                                                                                                           Steel                    4.95%

                                                                           Capital Goods - Electrical Equipment                     4.81%

                                                                                            Non Ferrous Metals                3.49%

                                                                                                        Finance               3.28%

                                                                                               Pharmaceuticals             2.79%

                                                                                             Telecomm-Service             2.49%

                                                                                       Crude Oil & Natural Gas            2.37%

                                                                                               Gas Distribution          2.25%

                                                                                                         Realty       1.52%

                                                                                                         Others           2.44%

                                                                                           Cash Bank & Others                                     7.72%

                                                                                                             0.00%                5.00%              10.00%        15.00%       20.00%          25.00%




                                                                                                                              Portfolio
     Instrument                                                       Industry                                       % of NAV                        Instrument                                          Industry                    % of NAV
   Equity                                                                                                                 92.28                   Tata Power Co Ltd                                Power Generation & Distribution     2.04
   Reliance Industries Ltd                                         Refineries                                              8.53                   Wipro Ltd                                        IT - Software                       2.01
   Infosys Technologies Ltd                                        IT - Software                                           8.22                   NTPC Ltd                                         Power Generation & Distribution     1.95
   ICICI Bank Ltd                                                  Banks                                                   5.53                   Tata Motors Ltd                                  Automobile                          1.80
   State Bank Of India                                             Banks                                                   5.39                   Tata Steel Ltd                                   Steel                               1.74
   Larsen And Toubro Ltd                                           Capital Goods-Non Electrical Equipment 5.15                                    Maruti Suzuki India Ltd                          Automobile                          1.68
   ITC Ltd                                                         Tobacco Products                                        4.99                   Cipla Ltd                                        Pharmaceuticals                     1.61
   HDFC Bank                                                       Banks                                                   4.50                   Jaiprakash Associates Ltd                        Realty                              1.52
   Bharat Heavy Electricals Ltd                                    Capital Goods - Electrical Equipment 3.74                                      HCL Technologies Ltd                             IT - Software                       1.48
   Axis Bank Ltd                                                   Banks                                                   2.86                   Sun Pharmaceutical Industries Ltd                Pharmaceuticals                     1.18
   HDFC Ltd                                                        Finance                                                 2.64                   Punjab National Bank                             Banks                               1.17
   Sterlite Industries (India) Ltd                                 Non Ferrous Metals                                      2.49                   Reliance Infrastructure                          Power Generation & Distribution     1.07
   Oil & Natural Gas Corp Ltd                                      Crude Oil & Natural Gas                                 2.37                   Hindalco Industries Ltd                          Non Ferrous Metals                  1.00
   Mahindra And Mahindra Ltd                                       Automobile                                              2.37                   Other Equity(less than 1.00% of corpus)                                              6.54
   Gail India Ltd                                                  Gas Distribution                                        2.25                   Cash Bank & Others                                                                   7.72
   Bharti Airtel Ltd                                               Telecomm-Service                                        2.24                   Net Assets                                                                         100.00
   Jindal Steel & Power Ltd                                        Steel                                                   2.23
                                                                                                                                                                                                                                                10
                                                                                                                                                                                               Tata AIG Top 200
                                                                                                                                                                                               Investment Report April, 2010



                                   Investment Style                                                                                                                             Fund Details
                                       Investment Style                                                                                      Investment Objective    : 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
                         Value                     Blend                Growth                    Size                                                                 capital appreciation. The Fund will not replicate the
                                                                                                                                                                       index but aim to attain performance better than the
                                                                                                   Large                                                               performance of the Index.
                                                                                                                                             Fund Manager            : Mr. Saravana Kumar
                                                                                                     Mid                                     NAV as on 30 Apr, 10    : Rs. 17.7557
                                                                                                                                             Benchmark               : BSE 200 - 100%
                                                                                                    Small
                                                                                                                                             Corpus as on 30 Apr, 10 : 38.17 Crs.


                                      Fund Performance                                                                                                                        Asset Allocation
                                    DATE                  NAV                                          NAV              INDEX
   PERIOD                                                                      BSE 200
                                                                                                      Change            Change                                                                                    Equity
                                                                                                                                                                     89.51%
 Last 1 Month                   31-Mar-10                17.47                 2199.50                1.64%             1.39%                                                                                     Cash, Bank & Others

 Last 3 Month                    29-Jan-10               16.45                 2065.21                7.96%             7.99%

 Last 6 Month                   30-Oct-09                15.84                 1962.88               12.09% 13.62%

 Last 1 Year                    29-Apr-09                11.73                 1339.38               51.40% 66.51%                                                                                   10.49%


 Since Inception                 12-Jan-09               10.00                 1091.37               55.74% 73.58%
Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                                                                                                 Sector Allocation
                                                                                                     Banks                                                                    15.76%
                                                                                             IT - Software                                                  10.79%
                                                                                        Pharmaceuticals                                    6.77%
                                                                                                Refineries                               6.30%
                                                                   Capital Goods - Electrical Equipment                          3.95%
                                                                                              Automobile                         3.86%
                                                                                                    FMCG                         3.85%
                                                                Capital Goods-Non Electrical Equipment                          3.81%
                                                                         Power Generation & Distribution                       3.51%
                                                                                       Tobacco Products                        3.48%
                                                                                                      Steel                2.69%
                                                                                               Diversified                 2.60%
                                                                                    Consumer Durables                     2.51%
                                                                                                   Finance                2.44%
                                                                                                     Realty             2.19%
                                                                                     Non Ferrous Metals                 2.06%
                                                                                 Crude Oil & Natural Gas              1.69%
                                                                                                   Textiles          1.51%
                                                                                         Gas Distribution           1.41%
                                                                                         Agro Chemicals             1.34%
                                                                                       Telecomm-Service             1.29%
                                                                                           Paints/Varnish          1.21%
                                                                        Plantation & Plantation Products           1.10%
                                                                                                    Others                    3.39%
                                                                                     Cash Bank & Others                                                    10.49%
                                                                                                         0.00%     2.00%     4.00%   6.00%    8.00%   10.00% 12.00% 14.00% 16.00% 18.00%




                                                                                                                              Portfolio
     Instrument                                                       Industry                                       % of NAV                 Instrument                                     Industry                       % of NAV
   Equity                                                                                               89.51                            Gail India Ltd                                    Gas Distribution                     1.41
   Infosys Technologies Ltd                                        IT - Software                          6.46                           Crompton Greaves Ltd                              Capital Goods - Electrical Equipment 1.38
   Reliance Industries Ltd                                         Refineries                             5.69                           Colgate-Palmolive (India) Ltd                     FMCG                                 1.36
   ICICI Bank Ltd                                                  Banks                                  3.99                           United Phosphorus Ltd                             Agro Chemicals                       1.34
   State Bank Of India                                             Banks                                  3.92                           Axis Bank Ltd                                     Banks                                1.33
   ITC Ltd                                                         Tobacco Products                       3.48                           Dr Reddys Laboratories Ltd                        Pharmaceuticals                      1.32
   Larsen And Toubro Ltd                                           Capital Goods-Non Electrical Equipment 3.38                           Tata Steel Ltd                                    Steel                                1.30
   HDFC Bank                                                       Banks                                  2.62                           HDFC Ltd                                          Finance                              1.29
   Titan Industries Ltd                                            Consumer Durables                      2.23                           Bharti Airtel Ltd                                 Telecomm-Service                     1.25
   Nestle India Ltd                                                FMCG                                   2.17                           Asian Paints (India) Ltd                          Paints/Varnish                       1.21
   Sterlite Industries (India) Ltd                                 Non Ferrous Metals                     2.06                           IVRCL Infrastructures & Projects Ltd              Realty                               1.19
   Bharat Heavy Electricals Ltd                                    Capital Goods - Electrical Equipment 1.96                             Jindal Steel & Power Ltd                          Steel                                1.17
   Lupin Ltd                                                       Pharmaceuticals                        1.79                           Federal Bank Ltd                                  Banks                                1.15
   Mahindra And Mahindra Ltd                                       Automobile                             1.72                           Tata Tea                                          Plantation & Plantation Products     1.10
   Union Bank Of India                                             Banks                                  1.63                           NTPC Ltd                                          Power Generation & Distribution      1.09
   Sintex Industries Ltd                                           Diversified                            1.53                           Grasim Industries Ltd                             Diversified                          1.07
   Cipla Ltd                                                       Pharmaceuticals                        1.53                           Tata Power Co Ltd                                 Power Generation & Distribution      1.07
   Oil & Natural Gas Corp Ltd                                      Crude Oil & Natural Gas                1.52                           Divi'S Laboratories Ltd                           Pharmaceuticals                      1.06
   Mphasis Ltd                                                     IT - Software                          1.52                           Sun Pharmaceutical Industries Ltd                 Pharmaceuticals                      1.03
   Aditya Birla Nuvo Ltd                                           Textiles                               1.51                           Other Equity(less than 1.00% of corpus)                                               12.88
   Wipro Ltd                                                       IT - Software                          1.41                           Cash Bank & Others                                                                    10.49
   Patni Computer Systems Ltd                                      IT - Software                          1.41                           Net Assets                                                                           100.00
                                                                                                                                                                                                                                        11
                                                                                                                                                                            Infrastructure Fund
                                                                                                                                                                                    Investment Report April, 2010



                       Investment Style                                                                                                                            Fund Details
                        Investment Style                                                                               Investment Objective    : The Investment Objective of the Scheme is to
                                                                                                                                                 provide long-term capital appreciation by investing
                                                                                                                                                 predominantly in a diversified basket of equity and
               Value            Blend          Growth                     Size                                                                   equity related securities of companies engaged in or
                                                                                                                                                 expected to benefit directly or indirectly from the
                                                                           Large                                                                 growth and development of infrastructure.
                                                                                                                       Fund Manager            : Mr. Saravana Kumar
                                                                             Mid                                       NAV as on 30 Apr, 10    : Rs. 10.7225
                                                                                                                       Benchmark               : NSE Nifty 50 Index - 100%
                                                                            Small
                                                                                                                       Corpus as on 30 Apr, 10 : 16.85 Crs.


                                                                                         Asset Allocation
                                                                                        12.80%
                                                                                                                                             Equity
                                                                                                                                             Cash, Bank & Others




                                                                                                                        87.20%




                                                                                         Sector Allocation
                                                                            Banks                                                                                         13.24%

                                              Capital Goods - Electrical Equipment                                                                        10.46%

                                           Capital Goods-Non Electrical Equipment                                                            8.51%

                                                  Power Generation & Distribution                                                          8.36%

                                                                       Diversified                                                 7.23%

                                                                        Refineries                                                 7.05%

                                                                           Realty                                                6.70%

                                                                             Steel                            3.55%

                                                                  Gas Distribution                          3.19%

                                                              Non Ferrous Metals                          2.95%

                                                                      Automobile                      2.71%

                                                                          Cement                    2.22%

                                                               Telecomm-Service                    2.13%

                                                                    Paints/Varnish                1.85%

                                                                          Finance             1.67%

                                                              Consumer Durables           1.06%

                                                                          Trading         1.02%

                                                                           Others                           3.33%

                                                              Cash Bank & Others                                                                                        12.80%

                                                                                0.00%        2.00%           4.00%       6.00%       8.00%           10.00%    12.00%      14.00%




                                                                                                      Portfolio
 Instrument                                   Industry                                      % of NAV                    Instrument                                               Industry              % of NAV
Equity                                                                        87.20                                   Bank Of Baroda                       Banks                                          2.05
Reliance Industries Ltd                Refineries                              7.05                                   Tata Power Co Ltd                    Power Generation & Distribution                2.01
Bharat Heavy Electricals Ltd           Capital Goods - Electrical Equipment    4.44                                   Gail India Ltd                       Gas Distribution                               1.91
Larsen And Toubro Ltd                  Capital Goods-Non Electrical Equipment 4.31                                    Asian Paints (India) Ltd             Paints/Varnish                                 1.85
State Bank Of India                    Banks                                   3.75                                   Tata Steel Ltd                       Steel                                          1.84
ICICI Bank Ltd                         Banks                                   3.39                                   HDFC Bank                            Banks                                          1.78
Grasim Industries Ltd                  Diversified                             3.24                                   HDFC Ltd                             Finance                                        1.67
Crompton Greaves Ltd                   Capital Goods - Electrical Equipment    3.13                                   Ultratech Cement Ltd                 Cement                                         1.44
Sterlite Industries (India) Ltd        Non Ferrous Metals                      2.95                                   Reliance Infrastructure              Power Generation & Distribution                1.35
Sintex Industries Ltd                  Diversified                             2.70                                   Voltas Limited                       Diversified                                    1.29
BGR Energy Systems Ltd                 Capital Goods-Non Electrical Equipment 2.51                                    Gujarat Gas Company Ltd              Gas Distribution                               1.28
NTPC Ltd                               Power Generation & Distribution         2.46                                   Alstom Projects India Ltd            Capital Goods - Electrical Equipment           1.09
Axis Bank Ltd                          Banks                                   2.26                                   Tata Motors Ltd                      Automobile                                     1.04
Jaiprakash Associates Ltd              Realty                                  2.19                                   PTC India Ltd                        Trading                                        1.02
Cesc Ltd                               Power Generation & Distribution         2.17                                   Other Equity(less than 1.00% of corpus)                                            12.69
IVRCL Infrastructures & Projects Ltd   Realty                                  2.16                                   Cash Bank & Others                                                                 12.80
Bharti Airtel Ltd                      Telecomm-Service                        2.13                                   Net Assets                                                                        100.00
Nagarjuna Cons Co Ltd                  Realty                                  2.05
                                                                                                                                                                                                                    12
                                                                                                                                                         Super Select Equity Fund
                                                                                                                                                                                   Investment Report April, 2010



                         Investment Style                                                                                                                     Fund Details
                           Investment Style                                                                           Investment Objective                : 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
                 Value         Blend        Growth                     Size                                                                                 equity and equity linked instruments specifically excluding
                                                                                                                                                            companies predominantly dealing in Gambling,
                                                                                                                                                            Lotteries/Contests, Animal Produce, Liquor, Tobacco,
                                                                         Large                                                                              Entertainment (Films, TV etc) Hotels, Banks and Financial
                                                                                                                                                            Institutions.
                                                                           Mid                                        Fund Manager                        : Mr. Saravana Kumar
                                                                                                                      NAV as on 30 Apr, 10                : Rs. 10.6172
                                                                         Small                                        Benchmark                           : S & P India 500 Shariah Index - 100%
                                                                                                                      Corpus as on 30 Apr, 10             : 52.03 Crs.


                                                                                          Asset Allocation

                                                                                 13.29%                                                      Equity
                                                                                                                                             Cash, Bank & Others
                                                                                                                                             ( Non Interest Bearing
                                                                                                                                             Securities)



                                                                                                                         86.71%




                                                                                      Sector Allocation
                                                                          Pharmaceuticals                                                                          12.51%
                                                                              IT - Software                                                                      12.07%
                                                                                 Refineries                                                  7.95%
                                                      Capital Goods - Electrical Equipment                                            7.15%
                                                                          Gas Distribution                                           6.93%
                                                                                    FMCG                                          6.27%
                                                   Capital Goods-Non Electrical Equipment                            3.72%
                                                                               Automobile                            3.72%
                                                                           Auto Ancillaries                        3.29%
                                                                                      Steel                      3.19%
                                                                       Consumer Durables                      2.89%
                                                                  Crude Oil & Natural Gas                   2.53%
                                                                             Paints/Varnish                2.40%
                                                                        Telecomm-Service                   2.30%
                                                                                Chemicals                1.99%
                                                                           Agro Chemicals                1.96%
                                                          Power Generation & Distribution             1.79%
                                                                                   Trading          1.51%
                                                                                   Cement          1.31%
                                                                                    Others         1.21%
                                       Cash Bank & Others( Non Interest Bearing Securities)                                                                               13.29%

                                                                                         0.00%      2.00%           4.00%    6.00%        8.00%      10.00%   12.00%      14.00%




                                                                                                   Portfolio
 Instrument                                Industry                                           % of NAV                   Instrument                                           Industry                       % of NAV
Equity                                                                                           86.71              Colgate-Palmolive (India) Ltd                          FMCG                                2.14
Reliance Industries Ltd                Refineries                                                 7.95              Exide Industries Ltd                                   Auto Ancillaries                    2.01
Infosys Technologies Ltd               IT - Software                                              6.31              United Phosphorus Ltd                                  Agro Chemicals                      1.96
Bharat Heavy Electricals Ltd           Capital Goods - Electrical Equipment 4.31                                    Mphasis Ltd                                            IT - Software                       1.96
Larsen And Toubro Ltd                  Capital Goods-Non Electrical Equipment 3.72                                  Cadila Healthcare Ltd                                  Pharmaceuticals                     1.95
Lupin Ltd                              Pharmaceuticals                                            3.28              Wipro Ltd                                              IT - Software                       1.94
Cipla Ltd                              Pharmaceuticals                                            2.64              Patni Computer Systems Ltd                             IT - Software                       1.86
Oil & Natural Gas Corp Ltd             Crude Oil & Natural Gas                                    2.53              NTPC Ltd                                               Power Generation & Distribution     1.79
Crompton Greaves Ltd                   Capital Goods - Electrical Equipment 2.53                                    Divi'S Laboratories Ltd                                Pharmaceuticals                     1.55
Gail India Ltd                         Gas Distribution                                           2.47              PTC India Ltd                                          Trading                             1.51
Maruti Suzuki India Ltd                Automobile                                                 2.46              Hindustan Unilever Ltd                                 FMCG                                1.38
Titan Industries Ltd                   Consumer Durables                                          2.46              Ultratech Cement Ltd                                   Cement                              1.31
Asian Paints (India) Ltd               Paints/Varnish                                             2.40              Motherson Sumi Systems Ltd                             Auto Ancillaries                    1.29
Glaxosmithkline Consumer Healthcare Ltd FMCG                                                      2.36              Bajaj Auto Ltd - New Shs                               Automobile                          1.21
Bharti Airtel Ltd                      Telecomm-Service                                           2.30              Steel Authority Of India Ltd                           Steel                               1.05
Indraprastha Gas Ltd                   Gas Distribution                                           2.24              Castrol India Ltd                                      Chemicals                           1.01
Gujarat Gas Company Ltd                Gas Distribution                                           2.22              Other Equity(less than 1.00% of corpus)                                                    4.29
Dr Reddys Laboratories Ltd             Pharmaceuticals                                            2.18              Cash Bank & Others( Non Interest Bearing Securities)                                      13.29
Jindal Steel & Power Ltd               Steel                                                      2.14              Net Assets                                                                               100.00

                                                                                                                                                                                                                          13
                                                                                                                                    Super Select Equity Pension Fund
                                                                                                                                                                                         Investment Report April, 2010



                         Investment Style                                                                                                                             Fund Details
                           Investment Style                                                                              Investment Objective                    : 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
                 Value         Blend            Growth                      Size                                                                                   equity and equity linked instruments specifically excluding
                                                                                                                                                                   companies predominantly dealing in Gambling,
                                                                                                                                                                   Lotteries/Contests, Animal Produce, Liquor, Tobacco,
                                                                             Large                                                                                 Entertainment (Films, TV etc) Hotels, Banks and Financial
                                                                                                                                                                   Institutions.
                                                                               Mid                                       Fund Manager                            : Mr. Saravana Kumar
                                                                                                                         NAV as on 30 Apr, 10                    : Rs. 10.3830
                                                                             Small                                       Benchmark                               : S & P India 500 Shariah Index - 100%
                                                                                                                         Corpus as on 30 Apr, 10                 : 4.76 Crs.


                                                                                                 Asset Allocation

                                                                                                                                                  Equity
                                                                                                                             84.63%               Cash, Bank & Others
                                                                                                                                                  (Non Interest Bearing
                                                                                                                                                  Securities)

                                                                           15.37%




                                                                                          Sector Allocation
                                                                             Pharmaceuticals                                                                              14.90%
                                                                                 IT - Software                                                             12.12%
                                                                                    Refineries                                         7.59%
                                                         Capital Goods - Electrical Equipment                                       7.16%
                                                                             Gas Distribution                                       7.12%
                                                                                       FMCG                                    6.23%
                                                                                  Automobile                        3.94%
                                                      Capital Goods-Non Electrical Equipment                   3.35%
                                                                                         Steel                 3.24%
                                                                     Crude Oil & Natural Gas                 2.77%
                                                                                Paints/Varnish              2.62%
                                                             Power Generation & Distribution            2.18%
                                                                              Auto Ancillaries         1.93%
                                                                                   Chemicals           1.91%
                                                                           Telecomm-Service            1.88%
                                                                                      Trading          1.80%
                                                                                      Cement         1.43%
                                                                              Agro Chemicals         1.43%
                                                                                       Others       1.03%
                                          Cash Bank & Others( Non Interest Bearing Securities)                                                                              15.37%

                                                                                            0.00%    2.00%      4.00%       6.00%      8.00%   10.00%   12.00%   14.00%    16.00%     18.00%




                                                                                                      Portfolio
 Instrument                                    Industry                                          % of NAV                   Instrument                                                 Industry                % of NAV
Equity                                                                                              84.63               Divi'S Laboratories Ltd                                      Pharmaceuticals               2.12
Reliance Industries Ltd                    Refineries                                                7.59               Dr Reddys Laboratories Ltd                                   Pharmaceuticals               2.11
Infosys Technologies Ltd                   IT - Software                                             6.32               Colgate-Palmolive (India) Ltd                                FMCG                          1.95
Bharat Heavy Electricals Ltd               Capital Goods - Electrical Equipment 4.44                                    Exide Industries Ltd                                         Auto Ancillaries              1.93
Lupin Ltd                                  Pharmaceuticals                                           3.58               Maruti Suzuki India Ltd                                      Automobile                    1.88
Larsen And Toubro Ltd                      Capital Goods-Non Electrical Equipment 3.05                                  Bharti Airtel Ltd                                            Telecomm-Service              1.88
Oil & Natural Gas Corp Ltd                 Crude Oil & Natural Gas                                   2.77               Jindal Steel & Power Ltd                                     Steel                         1.87
Asian Paints (India) Ltd                   Paints/Varnish                                            2.62               PTC India Ltd                                                Trading                       1.80
Glaxosmithkline Consumer Healthcare Ltd    FMCG                                                      2.57               Mphasis Ltd                                                  IT - Software                 1.79
Indraprastha Gas Ltd                       Gas Distribution                                          2.45               Bajaj Auto Ltd - New Shs                                     Automobile                    1.76
Gujarat Gas Company Ltd                    Gas Distribution                                          2.42               Wipro Ltd                                                    IT - Software                 1.76
Cadila Healthcare Ltd                      Pharmaceuticals                                           2.37               Ultratech Cement Ltd                                         Cement                        1.43
Sun Pharmaceutical Industries Ltd          Pharmaceuticals                                           2.31               United Phosphorus Ltd                                        Agro Chemicals                1.43
Patni Computer Systems Ltd                 IT - Software                                             2.25               Steel Authority Of India Ltd                                 Steel                         1.37
Gail India Ltd                             Gas Distribution                                          2.25               Hindustan Unilever Ltd                                       FMCG                          1.26
Crompton Greaves Ltd                       Capital Goods - Electrical Equipment 2.21                                    Other Equity(less than 1.00% of corpus)                                                    4.75
NTPC Ltd                                   Power Generation & Distribution                           2.18               Cash Bank & Others( Non Interest Bearing Securities)                                      15.37
Cipla Ltd                                  Pharmaceuticals                                           2.16               Net Assets                                                                              100.00

                                                                                                                                                                                                                                 14
                                                                                                                                                                                             Life Liquid Fund


                                            Investment Style                                                                                                                  Fund Details
                                            Credit Quality                                                                                     Investment Objective       : To provide safety of funds, liquidity and return on
                                                                                                                                                                            investments, in that order.
                                                                                                  Interest Rate
                           High                        Mid                      Low
                                                                                                   Sensitivity                                 Fund Manager               : Mr. Saravana Kumar

                                                                                                         High                                  NAV as on 30 Apr, 10       : Rs. 14.0047

                                                                                                          Mid                                  Benchmark                  : CRISIL Liquid Fund Index -100%

                                                                                                          Low                                  Corpus as on 30 Apr, 10    : 32.67 Crs.




                                         Fund Performance                                                                                                                  Maturity Profile
    PERIOD                            DATE                   NAV                Crisil Liquid               NAV               INDEX
                                                                                                                                                    120.00%
                                                                                Fund Index                 Change             Change
                                                                                                                                                    100.00%
 Last 1 Month                     31-Mar-10                 13.95                  1560.20                  0.39%             0.29%
                                                                                                                                                     80.00%
 Last 3 Months                    29-Jan-10                 13.84                  1549.77                  1.19%             0.97%
 Last 6 Months                    30-Oct-09                 13.65                  1539.04                  2.62%             1.67%                  60.00%

 Last 1 Year                      29-Apr-09                 13.21                  1516.54                  6.02%             3.18%                  40.00%

 Last 3 Years                     30-Apr-07                 11.42                  1299.78                  7.05%             6.38%                  20.00%

 Since Inception                  02-Mar-04                 10.00                  1103.15                  5.62%             5.83%                    0.00%
                                                                                                                                                                                     Less than 1 Year
Note: The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.




                                                 Rating Profile                                                                                                            Asset Allocation


     72.80%
                                                               27.20%
                                                                                                                                                     72.80%                               27.20%
                                                                                       P1+                                                                                                               CD/CP's
                                                                                       Cash Bank & Others                                                                                                Cash Bank & Others




                                                                                                                                   Portfolio
                                                                          Instrument                                                              Rating                 % of NAV
                                                                            CD/CP's                                                                                       72.80

                                                                            RECL 2010 - CP                                                          P1+                   19.15

                                                                            Indian Oil Corp. 2010 - CP                                              P1+                    9.91

                                                                            HDFC Bank 2010 - CD                                                     P1+                    8.86

                                                                            PNB 2011 - CD                                                           P1+                    8.68

                                                                            Canara Bank 2011 - CD                                                   P1+                    8.68

                                                                            Bank of Baroda 2011 - CD                                                P1+                    5.82

                                                                            Axis Bank 2010 -CD                                                      P1+                    5.78

                                                                            State Bank of Patiala 2010 - CD                                         P1+                    2.95

                                                                            Bank of Baroda 2010 - CD                                                P1+                    2.95

                                                                            Cash Bank & Others                                                                            27.20

                                                                            Net Assets                                                                                   100.00

                                                                                                                                                                                                                                  15
                                                                                                                                                                                               Life Income Fund


                                            Investment Style                                                                                                                     Fund Details
                                            Credit Quality                                                                                     Investment Objective       : To provide long-term capital appreciation by investing in
                                                                                                                                                                            high credit quality fixed-income instruments. Stability of
                                                                                                  Interest Rate                                                             return and protection of principal over a long-term
                           High                        Mid                      Low
                                                                                                   Sensitivity                                                              investment horizon will be the prime driver for investment
                                                                                                                                                                            management.
                                                                                                         High
                                                                                                                                               Fund Manager               : Mr. Saravana Kumar
                                                                                                          Mid                                  NAV as on 30 Apr, 10       : Rs. 13.5760
                                                                                                                                               Benchmark                  : CRISIL Composite Bond Fund Index -100%
                                                                                                         Low                                   Corpus as on 30 Apr, 10    : 141.37 Crs.



                                         Fund Performance                                                                                                                  Maturity Profile
    PERIOD                            DATE                   NAV            Crisil Composite                NAV               INDEX                  50.00%
                                                                            Bond Fund Index                Change             Change
                                                                                                                                                     40.00%
 Last 1 Month                     31-Mar-10                 13.40                  1586.80                 1.30%              0.87%
 Last 3 Months                    29-Jan-10                 13.29                  1575.32                 2.15%              1.60%                  30.00%
 Last 6 Months                    30-Oct-09                 13.02                  1548.15                 4.30%              3.38%                  20.00%
 Last 1 Year                      29-Apr-09                 12.78                  1549.59                 6.27%              3.29%
                                                                                                                                                     10.00%
 Last 3 Years                     30-Apr-07                 10.43                  1303.63                 9.19%              7.08%
                                                                                                                                                      0.00%
 Since Inception                  02-Mar-04                 10.00                  1193.20                 5.08%              4.88%                            Less than 1 Year    1-3 Years       3-6 Years      6 Years and
Note: The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.                                                                         Above



                                                Rating Profile                                                                                                             Asset Allocation
                       2.99% 4.13%
                                                                                                                                                                         4.13%
                                                   16.71%
                                                                                        AAA                                                                                       16.71%
                                                                                                                                                                                                        Corporate Bonds
                                                                                        AA+                                                                                                             Government Securities
                                                                                        Sovereign
                                                                                        CD/CP's                                                                                                         CD/CP's
                                                          15.72%
                                                                                        Cash Bank & Others                                                                         15.72%               Cash Bank & Others
      60.45%                                                                                                                                         63.44%




                                                                                                                                   Portfolio
 Instrument                                                                          Rating                          % of NAV                  Instrument                                      Rating              % of NAV
  Government Securities                                                                                                   4.13                 9.80% ICICI Bank 2013                              AAA                  1.51
  6.07% GOI 2014                                                                   Sovereign                              2.73                 9.20% Larsen & Toubro 2012                         AAA                  1.47
  7.61% GOI 2015                                                                   Sovereign                              0.70                 7.20% Rural Elect Corp. 2012                       AAA                  1.42
  8.07% GOI 2017                                                                   Sovereign                              0.61                 8.80% Power Grid Corp. 2020                        AAA                  1.42
  9.39% GOI 2011                                                                   Sovereign                              0.09                 10.00% IDFC 2012                                   AAA                  1.35
  Corporate Bonds                                                                                                        63.44                 9.20% Power Grid 2015                              AAA                  1.29
  2.00% Tata Motors Ltd 2014                                                           AAA                                4.95                 9.68% IRFC 2010                                    AAA                  1.14
  11.00% IDFC 2010                                                                     AAA                                4.29                 7.74% Tata Communication Ltd 2012                  AAA                  0.86
  9.50% Exim Bank 2013                                                                 AAA                                3.79                 8.90% Power Grid 2014                              AAA                  0.73
  10.00% PFC 2012                                                                      AAA                                3.76                 8.60% PFC 2014                                     AAA                  0.72
  9.20% Power Grid 2014                                                                AAA                                3.67                 10.10% Power Grid Corp 2013                        AAA                  0.57
  2.00% Indian Hotels Company Ltd 2014                                                 AA+                                2.99                 9.80% PFC 2012                                     AAA                  0.38
  8.50% Exim Bank 2011                                                                 AAA                                2.89                 7.20% HDFC Ltd. 2010                               AAA                  0.21
  9.35% ILFS 2010                                                                      AAA                                2.87                 9.50% HDFC 2013                                    AAA                  0.15
  7.35% HPCL 2012                                                                      AAA                                2.50                 CD/CP's                                                                16.71
  10.75% Reliance Industries 2018                                                      AAA                                2.37                 HDFC Bank 2010 - CD                                P1+                  5.80
  9.85% Rural Elect Corp. 2017                                                         AAA                                2.27                 PNB 2011 - CD                                      P1+                  3.34
  9.45% REC 2013                                                                       AAA                                2.25                 Bank of Baroda 2011 - CD                           P1+                  2.69
  7.45% LIC Housing Finance Ltd 2012                                                   AAA                                2.15                 Canara Bank 2011 - CD                              P1+                  2.34
  8.40% HDFC 2014                                                                      AAA                                2.15                 State Bank of Patiala 2010 - CD                    P1+                  1.02
  6.90% PFC 2012                                                                       AAA                                2.13                 Bank of Baroda 2010 - CD                           P1+                  1.02
  10.95% Rural Elect Corp. 2011                                                        AAA                                1.86                 Indian Oil Corp. 2010 - CP                         P1+                  0.49
  9.15% LIC Housing Finance 2010                                                       AAA                                1.79                 Cash Bank & Others                                                     15.72
  10.75% Rural Elect Corp. 2013                                                        AAA                                1.56                 Net Assets                                                            100.00
                                                                                                                                                                                                                                         16
                                                                                                                                                 Life Short Term Fixed Income Fund


                                            Investment Style                                                                                                                      Fund Details
                                            Credit Quality                                                                                     Investment Objective         : The primary objective is to generate stable returns by
                                                                                                                                                                              investing in fixed income securities having maturities
                                                                                                  Interest Rate                                                               between 1 & 3 years.
                           High                        Mid                      Low
                                                                                                   Sensitivity
                                                                                                                                               Fund Manager                 : Mr. Saravana Kumar
                                                                                                         High
                                                                                                                                               NAV as on 30 Apr, 10         : Rs. 12.8974
                                                                                                          Mid                                  Benchmark                    : CRISIL India Short Term Bond Fund Index -100%

                                                                                                          Low                                  Corpus as on 30 Apr, 10      : 13.92 Crs.



                                         Fund Performance                                                                                                                    Maturity Profile
    PERIOD                            DATE                   NAV                    CRISIL India            NAV               INDEX
                                                                                    Short Term
                                                                                  Bond Fund Index          Change             Change                        100.00%
 Last 1 Month                     31-Mar-10                 12.78                  1632.46                  0.91%              0.67%                          80.00%
 Last 3 Months                    29-Jan-10                 12.66                  1620.44                  1.86%              1.42%
                                                                                                                                                              60.00%
 Last 6 Months                    30-Oct-09                 12.47                  1597.95                  3.40%              2.84%
                                                                                                                                                              40.00%
 Last 1 Year                      29-Apr-09                 12.14                  1569.84                  6.20%              4.68%
                                                                                                                                                              20.00%
 Last 3 Years                     30-Apr-07                 10.24                  1300.22                  8.00%              8.12%
                                                                                                                                                              0.00%
 Since Inception                   01-Jul-06                10.00                  1242.00                  6.86%              7.58%                                      Less than 1       1- 3 Years       3- 6 Years
Note: The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.
                                                                                                                                                                              Year



                                                 Rating Profile                                                                                                             Asset Allocation
                         72.56%                                                                                                                                72.56%




                                                                                                                                                                                                   Corporate Bonds
                                                                                                   AAA

                                                                                                   Sovereign                                                                                       CD/CP's

                                                                                                   P1+                                                                                             Government Securities
                                                 10.26%                                            Cash Bank & Others                                                              4.93%           Cash Bank & Others
                                                                                                                                                           12.25%
                    12.25%           4.93%                                                                                                                               10.26%




                                                                                                                                   Portfolio
                                                                          Instrument                                                                 Rating              % of NAV
                                                                            Corporate Bonds                                                                                 72.56
                                                                            7.20% HDFC Ltd 2010                                                        AAA                  11.50
                                                                            9.68% IRFC 2012                                                            AAA                  11.41
                                                                            7.90% RECL 2012                                                            AAA                   9.50
                                                                            7.35% HPCL 2012                                                            AAA                   7.24
                                                                            9.45% LIC Housing 2012                                                     AAA                   6.73
                                                                            6.84% HDFC Ltd 2011                                                        AAA                   5.77
                                                                            8.40% Exim Bank 2010                                                       AAA                   3.62
                                                                            9.68% IRFC 2010                                                            AAA                   3.61
                                                                            7.74% Tata Communication Ltd 2012                                          AAA                   2.92
                                                                            7.75% RECL 2012                                                            AAA                   2.91
                                                                            6.90% PFC Ltd 2012                                                         AAA                   2.88
                                                                            9.50% HDFC 2013                                                            AAA                   2.28
                                                                            7.40% Infrastructure 2012                                                  AAA                   2.18
                                                                            Government Securities                                                                           10.26
                                                                            7.27% GOI 2013                                                             Sovereign            10.26
                                                                            CD/CP's                                                                                          4.93
                                                                            Indian Oil Corp. 2010 - CP                                                 P1+                   4.93
                                                                            Cash Bank & Others                                                                              12.25
                                                                            Net Assets                                                                                    100.00
                                                                                                                                                                                                                                       17
                                                                                                                                                                                 Whole Life Short Term
                                                                                                                                                                                   Fixed Income Fund


                                            Investment Style                                                                                                                    Fund Details
                                            Credit Quality                                                                                     Investment Objective         : The primary investment objective of the fund is to generate
                                                                                                                                                                              stable returns by investing in fixed income securities having
                                                                                                   Interest Rate                                                              shorter maturity periods. Under normal circumstances, the
                           High                        Mid                       Low
                                                                                                    Sensitivity                                                               average maturity of the Fund may be in the range of 1-3
                                                                                                                                                                              years.
                                                                                                          High
                                                                                                                                               Fund Manager                 : Mr. Saravana Kumar
                                                                                                           Mid                                 NAV as on 30 Apr, 10         : Rs. 12.3726
                                                                                                                                               Benchmark                    : CRISIL Short Term Bond Index -100%
                                                                                                          Low                                  Corpus as on 30 Apr, 10      : 18.36 Crs.



                                         Fund Performance                                                                                                                    Maturity Profile
    PERIOD                            DATE                    NAV          CRISIL Short Term NAV                              INDEX
                                                                              Bond Index     Change                           Change                     80.00%
                                                                                                                                                         70.00%
 Last 1 Month                     31-Mar-10                 12.25                  1632.46                  1.04%              0.67%                     60.00%
 Last 3 Months                     29-Jan-10                12.12                  1620.44                  2.06%              1.42%                     50.00%
                                                                                                                                                         40.00%
 Last 6 Months                    30-Oct-09                 11.91                  1597.95                  3.90%              2.84%
                                                                                                                                                         30.00%
 Last 1 Year                      29-Apr-09                 11.61                  1569.84                  6.57%              4.68%                     20.00%
 Last 3 Years                     30-Apr-07                 10.02                  1300.22                  7.27%              8.12%                     10.00%
                                                                                                                                                          0.00%
 Since Inception                   08-Jan-07                10.00                  1281.09                  6.64%              7.82%                                  Less than 1 Year      1-3 Years             3-6 Years
Note: The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.




                                                 Rating Profile                                                                                                             Asset Allocation
                                          63.56%


                                                                                                                                                     24.02%
                                                                                                AAA
                                                                                                                                                                                                        Corporate Bonds
                                                                                                P1+                                                                                      63.56%
                                                                                                                                                                                                        CD/CP's
      24.02%                                                                                    Sovereign
                                                                                                                                                      6.12%                                             Government Securities
                                                                                                Cash Bank & Others
                                                                                                                                                           6.30%                                        Cash Bank & Others
                             6.12%           6.30%




                                                                                                                                    Portfolio
                                                                           Instrument                                                               Rating               % of NAV
                                                                            Corporate Bonds                                                                                 63.56
                                                                            7.90% RECL 2012                                                           AAA                    9.98
                                                                            9.68% IRFC 2012                                                           AAA                    8.65
                                                                            7.74% Tata Communication Ltd 2012                                         AAA                    8.31
                                                                            9.50% NABARD 2012                                                         AAA                    5.74
                                                                            8.40% Exim Bank 2010                                                      AAA                    5.48
                                                                            9.45% LIC Housing 2012                                                    AAA                    5.10
                                                                            7.35% HPCL 2012                                                           AAA                    4.39
                                                                            6.98% IRFC 2012                                                           AAA                    4.38
                                                                            6.84% HDFC 2011                                                           AAA                    3.83
                                                                            7.40% Infrastructure 2012                                                 AAA                    3.31
                                                                            7.75% RECL 2012                                                           AAA                    2.21
                                                                            6.90% PFC 2012                                                            AAA                    2.18
                                                                            Government Securities                                                                            6.12
                                                                            7.27% GOI 2013                                                            Sovereign              6.12
                                                                            CD/CP's                                                                                          6.30
                                                                            Bank of Baroda 2010 - CD                                                  P1+                    3.15
                                                                            State Bank of Patiala 2010 - CD                                           P1+                    3.15
                                                                            Cash Bank & Others                                                                              24.02
                                                                            Net Assets                                                                                    100.00
                                                                                                                                                                                                                                              18
                                                                                                                                                                             Whole Life Income Fund


                                            Investment Style                                                                                                                     Fund Details
                                            Credit Quality                                                                                     Investment Objective         : The primary investment objective of the fund is to generate
                                                                                                                                                                              income through investing in a range of debt and money
                                                                                                   Interest Rate                                                              market instruments of various maturities with a view to
                           High                        Mid                       Low
                                                                                                    Sensitivity                                                               maximising the optimal balance between yield, safety and
                                                                                                                                                                              liquidity. The Fund will have no investments in equity or
                                                                                                          High                                                                equity-linked instruments at any point of time.
                                                                                                                                               Fund Manager                 : Mr. Saravana Kumar
                                                                                                           Mid                                 NAV as on 30 Apr, 10         : Rs. 12.3091
                                                                                                                                               Benchmark                    : CRISIL Composite Bond Fund Index -100%
                                                                                                          Low                                  Corpus as on 30 Apr, 10      : 30.36 Crs.



                                         Fund Performance                                                                                                                    Maturity Profile
    PERIOD                            DATE                    NAV            Crisil Composite                NAV              INDEX
                                                                                                                                                      100.00%
                                                                             Bond Fund Index                Change            Change

 Last 1 Month                     31-Mar-10                 12.15                  1586.80                  1.34%              0.87%                   80.00%

 Last 3 Months                     29-Jan-10                12.02                  1575.32                  2.38%              1.60%                   60.00%

 Last 6 Months                    30-Oct-09                 11.82                  1548.15                  4.11%              3.38%                   40.00%
 Last 1 Year                      29-Apr-09                 11.53                  1549.59                  6.80%              3.29%                   20.00%
 Last 3 Years                     30-Apr-07                 10.02                  1303.63                  7.09%              7.08%
                                                                                                                                                        0.00%
 Since Inception                   08-Jan-07                10.00                  1298.79                  6.48%              6.52%                                  Less than 1 Year      1-3 Years           3-6 Years
Note: The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.




                                                 Rating Profile                                                                                                              Asset Allocation


     17.95%                                                                                                                                                                               9.53%
                                                               72.52%
                                                                                              AAA                                                                                                           Corporate Bonds
                                                                                                                                                   72.52%
                                                                                              P1+                                                                                                           CD/CP's
          9.53%                                                                                                                                                                          17.95%
                                                                                              Cash Bank & Others                                                                                            Cash Bank & Others




                                                                                                                                    Portfolio
                                                                           Instrument                                                                Rating               % of NAV
                                                                            Corporate Bonds                                                                                  72.52
                                                                            8.60% PFC 2014                                                            AAA                     8.39
                                                                            11.50% RECL 2013                                                          AAA                     8.21
                                                                            9.45% LIC Housing 2012                                                    AAA                     6.86
                                                                            8.80% Power Grid 2015                                                     AAA                     6.74
                                                                            6.98% IRFC 2012                                                           AAA                     6.63
                                                                            8.90% Power Grid 2015                                                     AAA                     6.38
                                                                            7.74% Tata Communication Ltd 2012                                         AAA                     5.02
                                                                            8.40% Exim Bank 2010                                                      AAA                     4.31
                                                                            9.50% NABARD 2012                                                         AAA                     3.47
                                                                            8.50% PFC 2014                                                            AAA                     3.35
                                                                            6.90% PFC 2012                                                            AAA                     3.30
                                                                            7.40% Infrastructure 2012                                                 AAA                     2.67
                                                                            2.00% Tata Motors Ltd 2014                                                AAA                     1.77
                                                                            9.50% HDFC 2013                                                           AAA                     1.74
                                                                            8.84% Power Grid 2016                                                     AAA                     1.68
                                                                            7.20% HDFC 2010                                                           AAA                     1.65
                                                                            10.00% PFC 2012                                                           AAA                     0.35
                                                                            CD/CP's                                                                                           9.53
                                                                            State Bank of Patiala 2010 - CD                                           P1+                     4.77
                                                                            Bank of Baroda 2010 - CD                                                  P1+                     4.76
                                                                            Cash Bank & Others                                                                               17.95
                                                                            Net Assets                                                                                       100.0
                                                                                                                                                                                                                                            19
                                                                                                                                                                     Future Income Pension


                                          Investment Style                                                                                                           Fund Details
                                          Credit Quality                                                                          Investment Objective        : The primary investment objective of the fund is to generate
                                                                                                                                                                income through investing in a range of debt and money
                                                                                             Interest Rate                                                      market instruments of various maturities with a view to
                          High                      Mid                     Low
                                                                                              Sensitivity                                                       maximising the optimal balance between yield, safety and
                                                                                                                                                                liquidity.
                                                                                                    High
                                                                                                                                  Fund Manager                : Mr. Saravana Kumar
                                                                                                     Mid                          NAV as on 30 Apr, 10        : Rs. 11.6288
                                                                                                                                  Benchmark                   : CRISIL Composite Bond Fund Index -100%
                                                                                                    Low                           Corpus as on 30 Apr, 10     : 8.36 Crs.



                                       Fund Performance                                                                                                        Maturity Profile
    PERIOD                          DATE                  NAV           Crisil Composite               NAV             INDEX
                                                                                                                                        100.00%
                                                                        Bond Fund Index               Change           Change

 Last 1 Month                   31-Mar-10                11.46                 1586.80                1.45%             0.87%            80.00%

                                                                                                                                         60.00%
 Last 3 Months                   29-Jan-10               11.37                 1575.32                2.29%             1.60%
                                                                                                                                         40.00%
 Last 6 Months                  30-Oct-09                11.17                 1548.15                4.14%             3.38%
                                                                                                                                         20.00%
 Last 1 Year                    29-Apr-09                10.92                 1549.59                6.54%             3.29%
                                                                                                                                          0.00%
 Since Inception                04-Feb-08                10.00                 1404.20                6.98%             6.03%                        Less than 1      1-3 Years     3-6 Years     6 Years and
                                                                                                                                                        Year                                         Above
Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                              Rating Profile                                                                                                   Asset Allocation



  12.35%                                                                                                                             12.35%
                                                                                                                                                                           81.83%
                                                          81.83%                       AAA                                                                                                      Corporate Bonds
       5.82%                                                                           Sovereign                                       5.82%                                                    Government Securities
                                                                                       Cash Bank & Others                                                                                       Cash Bank & Others




                                                                                                                            Portfolio
                                                                      Instrument                                                        Rating              % of NAV
                                                                        Corporate Bonds                                                                       81.83

                                                                        8.60% PFC 2014                                                   AAA                  12.19

                                                                        8.40% HDFC 2014                                                  AAA                  12.11

                                                                        9.45% LIC Housing 2012                                           AAA                       9.95

                                                                        8.90% Power Grid 2015                                            AAA                       9.26

                                                                        10.00% PFC 2012                                                  AAA                       8.89

                                                                        9.68% IRFC 2012                                                  AAA                       8.87

                                                                        7.40% Infrastructure 2012                                        AAA                       7.26

                                                                        7.90% RECL 2012                                                  AAA                       6.09

                                                                        8.40% Exim Bank 2010                                             AAA                       4.82

                                                                        7.20% HDFC 2010                                                  AAA                       2.39

                                                                        Government Securities                                                                      5.82

                                                                        7.02% GOI 2016                                                   Sovereign                 5.82

                                                                        Cash Bank & Others                                                                    12.35

                                                                        Net Assets                                                                           100.00

                                                                                                                                                                                                                              20
                                                                                                                                                                          Tata AIG Bond Fund


                                          Investment Style                                                                                                           Fund Details
                                          Credit Quality                                                                          Investment Objective          : The objective of the scheme is to invest in Government
                                                                                                                                                                  Bonds and highly rated Fixed Income instruments. The
                                                                                             Interest Rate                                                        primary objective of the Fund is to conserve capital while
                          High                      Mid                     Low
                                                                                              Sensitivity                                                         generating income by investing in short to medium term
                                                                                                                                                                  debt instruments of various maturities.
                                                                                                    High
                                                                                                                                  Fund Manager                  : Mr. Saravana Kumar
                                                                                                     Mid                          NAV as on 30 Apr, 10          : Rs. 11.0730
                                                                                                                                  Benchmark                     : CRISIL Composite Bond Fund Index -100%
                                                                                                    Low                           Corpus as on 30 Apr, 10       : 5.68 Crs.



                                       Fund Performance                                                                                                          Maturity Profile
    PERIOD                          DATE                  NAV           Crisil Composite               NAV             INDEX
                                                                                                                                            100.00%
                                                                        Bond Fund Index               Change           Change

 Last 1 Month                   31-Mar-10                10.91                 1586.80                1.45%             0.87%                80.00%

 Last 3 Months                   29-Jan-10               10.85                 1575.32                2.06%             1.60%                60.00%

 Last 6 Months                  30-Oct-09                10.68                 1548.15                3.70%             3.38%                40.00%

 Last 1 Year                    29-Apr-09                10.39                 1549.59                6.53%             3.29%                20.00%

 Since Inception                 12-Jan-09               10.00                 1503.68                8.18%             4.93%                   0.00%
                                                                                                                                                            Less than 1 Year      1-3 Years         3-6 Years
Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                              Rating Profile                                                                                                     Asset Allocation
                                                                                                                                                 11.98%

                                                        17.97%

                                                                                                                                       17.97%
    70.05%                                                                           AAA                                                                                                       Corporate Bonds
                                                       11.98%                        Sovereign                                                                                                 Government Securities
                                                                                     Cash Bank & Others                                                                                        Cash Bank & Others
                                                                                                                                                                         70.05%




                                                                                                                            Portfolio
                                                                      Instrument                                                       Rating                 % of NAV
                                                                        Corporate Bonds                                                                         70.05

                                                                        8.60% PFC 2014                                                  AAA                     17.93

                                                                        8.90% Power Grid 2015                                           AAA                     11.36

                                                                        9.50% Nabard 2012                                               AAA                       9.27

                                                                        8.45% RECL 2015                                                 AAA                       8.94

                                                                        6.98% IRFC 2012                                                 AAA                       7.08

                                                                        9.50% HDFC 2013                                                 AAA                       5.59

                                                                        8.84% Power Grid 2016                                           AAA                       4.49

                                                                        9.45% LIC Housing 2012                                          AAA                       1.83

                                                                        7.90% RECL 2012                                                 AAA                       1.79

                                                                        8.40% Exim Bank 2010                                            AAA                       1.77

                                                                        Government Securities                                                                   17.97

                                                                        7.27% GOI 2013                                                  Sovereign               17.97

                                                                        Cash Bank & Others                                                                      11.98

                                                                        Net Assets                                                                             100.00

                                                                                                                                                                                                                               21
                                                                                    Tata AIG APEX Investment Fund


           Debt Investment Style                                                                    Fund Details
                                                                        Investment Objective      : Objective is to provide capital protection with a high level
           Credit Quality                                                                           of safety and liquidity through judicious investment in high
                                                                                                    quality short-term debt.
    High        Med            Low               Interest Rate
                                                  Sensitivity           Fund Manager              : Mr. Saravana Kumar
                                                    High
                                                                        NAV as on 30 Apr, 10      : Rs. 10.0171

                                                     Mid                Benchmark                 : -

                                                     Low                Corpus as on 30 Apr, 10   : 14.80Crs.




                                                       Maturity Profile
                                 100.00%

                                   80.00%

                                   60.00%

                                   40.00%

                                   20.00%

                                     0.00%
                                                                 Less than 1 Year




                Rating Profile                                                                    Asset Allocation


100.00%
                                                                             100.00%




                                  Cash Bank & Others                                                                           Cash Bank & Others




                                                             Portfolio
                            Instrument                              Industry                        % of NAV
                            Cash Bank & Others                                                          100.00
                            Net Assets                                                                  100.00




                                                                                                                                                                   22
                                                                                                       Apex Pension
                                                                                       Investment Fund (10 yrs term)


           Debt Investment Style                                                                    Fund Details
                                                                        Investment Objective      : The investment objective for Apex Pension Investment
                                                                                                    Fund (10 Years) is to provide capital protection with a high
           Credit Quality                                                                           level of safety and liquidity through judicious investment in
                                                                                                    high quality short-term debt. The strategy is to generate
    High        Med            Low               Interest Rate                                      better returns with low level of risk through investment is
                                                  Sensitivity                                       fixed interest securities having short term maturity profile.
                                                     High                                           The risk profile of the fund is very low and asset allocation
                                                                                                    will be upto 100% in Money Markets and Cash.

                                                     Mid                Fund Manager              : Mr. Saravana Kumar
                                                                        NAV as on 30 Apr, 10      : Rs. 10.0475
                                                     Low                Benchmark                 : -
                                                                        Corpus as on 30 Apr, 10   : 41.59 Crs.




                                                       Maturity Profile
                                 100.00%

                                   80.00%

                                   60.00%

                                   40.00%

                                   20.00%

                                     0.00%
                                                                 Less than 1 Year




                Rating Profile                                                                    Asset Allocation


100.00%
                                                                             100.00%




                                  Cash Bank & Others                                                                           Cash Bank & Others




                                                             Portfolio
                            Instrument                              Industry                        % of NAV
                            Cash Bank & Others                                                           100.00
                            Net Assets                                                                   100.00




                                                                                                                                                                    23
                                                                                                       Apex Pension
                                                                                       Investment Fund (15 yrs term)


           Debt Investment Style                                                                    Fund Details
                                                                        Investment Objective      : The investment objective for Apex Pension Investment
           Credit Quality                                                                           Fund (15 Years) is to provide capital protection with a high
                                                                                                    level of safety and liquidity through judicious investment in
    High        Med            Low               Interest Rate                                      high quality short-term debt. The strategy is to generate
                                                  Sensitivity                                       better returns with low level of risk through investment is
                                                    High                                            fixed interest securities having short term maturity profile.
                                                                                                    The risk profile of the fund is very low and asset allocation
                                                                                                    will be upto 100% in Money Markets and Cash.
                                                     Mid
                                                                        Fund Manager              : Mr. Saravana Kumar
                                                                        NAV as on 30 Apr, 10      : Rs. 10.0449
                                                     Low                Benchmark                 : -
                                                                        Corpus as on 30 Apr, 10   : 10.00 Crs.




                                                       Maturity Profile
                                 100.00%

                                   80.00%

                                   60.00%

                                   40.00%

                                   20.00%

                                     0.00%
                                                                 Less than 1 Year




                Rating Profile                                                                    Asset Allocation


100.00%
                                                                             100.00%




                                  Cash Bank & Others                                                                           Cash Bank & Others




                                                             Portfolio
                            Instrument                              Industry                        % of NAV
                            Cash Bank & Others                                                           100.00
                            Net Assets                                                                   100.00




                                                                                                                                                                    24
                                                                                                       Apex Pension
                                                                                       Investment Fund (20 yrs term)


           Debt Investment Style                                                                         Fund Details
                                                                        Investment Objective    : The investment objective for Apex Pension Investment Fund (20
           Credit Quality                                                                         Years) is to provide capital protection with a high level of safety
                                                                                                  and liquidity through judicious investment in high quality short-
    High        Med            Low               Interest Rate                                    term debt. The strategy is to generate better returns with low
                                                  Sensitivity                                     level of risk through investment is fixed interest securities having
                                                    High                                          short term maturity profile. The risk profile of the fund is very
                                                                                                  low and asset allocation will be upto 100% in Money Markets
                                                     Mid                                          and Cash.
                                                                        Fund Manager            : Mr. Saravana Kumar
                                                     Low                NAV as on 30 Apr, 10 : Rs. 10.0458
                                                                        Benchmark               : -
                                                                        Corpus as on 30 Apr, 10 : 1.41 Crs.




                                                       Maturity Profile
                                 100.00%

                                   80.00%

                                   60.00%

                                   40.00%

                                   20.00%

                                     0.00%
                                                                 Less than 1 Year




                Rating Profile                                                                       Asset Allocation


100.00%
                                                                             100.00%




                                  Cash Bank & Others                                                                                Cash Bank & Others




                                                             Portfolio
                            Instrument                              Industry                            % of NAV
                            Cash Bank & Others                                                               100.00
                            Net Assets                                                                       100.00




                                                                                                                                                                         25
                                                                               Apex Pension Investment Fund SP


           Debt Investment Style                                                                     Fund Details
                                                                        Investment Objective      : The investment objective for Apex Pension Investment Fund is
           Credit Quality                                                                           to provide capital protection with a high level of safety and
                                                                                                    liquidity through judicious investment in high quality short-
                                                                                                    term debt. The strategy is to generate better returns with
    High        Med            Low               Interest Rate
                                                                                                    low level of risk through investment is fixed interest
                                                  Sensitivity
                                                                                                    securities having short term maturity profile. The risk profile
                                                    High                                            of the fund is very low and asset allocation will be upto
                                                                                                    100% in Money Markets and Cash.
                                                     Mid                Fund Manager              : Mr. Saravana Kumar
                                                                        NAV as on 30 Apr, 10      : Rs. 10.0463
                                                     Low                Benchmark                 : -
                                                                        Corpus as on 30 Apr, 10   : 2.56 Crs.




                                                       Maturity Profile
                                 100.00%

                                   80.00%

                                   60.00%

                                   40.00%

                                   20.00%

                                     0.00%
                                                                 Less than 1 Year




                Rating Profile                                                                    Asset Allocation


100.00%
                                                                             100.00%




                                  Cash Bank & Others                                                                            Cash Bank & Others




                                                             Portfolio
                            Instrument                              Industry                        % of NAV
                            Cash Bank & Others                                                           100.00
                            Net Assets                                                                   100.00




                                                                                                                                                                      26
                                                                                               Apex Plus Investment Fund


           Debt Investment Style                                                                    Fund Details
                                                                        Investment Objective      : The investment objective for Apex Plus Investment Fund is to
                                                                                                    provide capital protection with a high level of safety and
           Credit Quality                                                                           liquidity through judicious investment in high quality short-term
                                                                                                    debt. The strategy is to generate better returns with low level of
    High        Med            Low               Interest Rate                                      risk through investment is fixed interest securities having short
                                                  Sensitivity                                       term maturity profile. The risk profile of the fund is very low and
                                                    High                                            asset allocation will be upto 100% in Money Markets and Cash.
                                                                        Fund Manager              : Mr. Saravana Kumar
                                                     Mid
                                                                        NAV as on 30 Apr, 10      : Rs. 10.0403
                                                     Low                Benchmark                 : -
                                                                        Corpus as on 30 Apr, 10   : 38.13 Crs.




                                                       Maturity Profile
                                 100.00%

                                   80.00%

                                   60.00%

                                   40.00%

                                   20.00%

                                     0.00%
                                                                 Less than 1 Year




                Rating Profile                                                                    Asset Allocation


100.00%
                                                                             100.00%




                                  Cash Bank & Others                                                                              Cash Bank & Others




                                                             Portfolio
                            Instrument                              Industry                        % of NAV
                            Cash Bank & Others                                                           100.00
                            Net Assets                                                                   100.00




                                                                                                                                                                          27
                                                                                                                                                      Life Aggressive Growth Fund
                                                                                                                                                                                                Investment Report April, 2010



                              Debt Investment Style                                                                                                      Equity Investment Style
                               Credit Quality                                                                                                           Investment Style
          High                              Med                             Low              Interest Rate                           Value                              Blend                           Growth                              Size
                                                                                              Sensitivity
                                                                                                   High                                                                                                                                     Large

                                                                                                    Mid                                                                                                                                       Mid

                                                                                                    Low                                                                                                                                     Small




                                            Fund Details                                                                                                         Fund Performance
Investment Objective                      : To maximize the return while investing in mix of Equity &
                                                                                                                          PERIOD                              DATE                        NAV                NAV Change INDEX Change
                                            Fixed Income Investments. The fund will maintain a
                                            medium to high risk profile. The Equity investments will be                   Last 1 Month                      31-Mar-10                     15.01                 1.42%       0.42%
                                            in a range of 50% - 80% of the fund.                                          Last 3 Months                     29-Jan-10                     14.31                 6.34%       5.33%
Fund Manager                              : Mr. Saravana Kumar                                                            Last 6 Months                     30-Oct-09                     13.93                 9.28%       7.98%
NAV as on 30 Apr, 10                      : Rs. 15.2199                                                                   Last 1 Year                       29-Apr-09                     10.96                38.87%      36.24%
Benchmark                                 : BSE Sensex - 65%                                                              Last 3 Years                      30-Apr-07                     11.48                 9.85%       7.79%
                                            CRISIL Composite Bond Fund Index - 35%                                        Since Inception                    01-Jul-06                    10.00                11.58%      11.37%
Corpus as on 30 Apr, 10                   : 280.53 Crs.                                                                  Note: The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.




                                       Sector Allocation                                                                                                             Asset Allocation
                             Banks                                             13.65%
                        IT -Software                       6.31%
                          Refineries                 4.79%
                    Capital Goods -
              Electrical Equipment                 4.07%
                            Finance                4.01%                                                                             66.32%
                    Capital Goods -
          Non Electrical Equipment                 3.65%
                       Automobile              3.40%
                 Tobacco Products             3.25%
                             Realty           2.92%                                                                                                                                                                 Equity
          Crude Oil & Natural Gas            2.49%                                                                                                                                         21.93%
                             Others                                                     17.78%
                                                                                                                                                                                                                    Corporate Bonds
            Government Securities          1.74%
                  Corporate Bonds
                                                                                                                                                                                                                    Government Securities
                                                                                                   21.93%
                                                                                                                                                                                  1.74%
               Cash Bank & Others                                     10.00%
                                                                                                                                                               10.00%                                               Cash Bank & Others
                                  0.00%            5.00%           10.00%      15.00%     20.00%       25.00%




                                                                                                                Portfolio
Instrument                                                   Industry                                  % of NAV         Instrument                                                                      Industry                               % of NAV
Equity                                                                                                          66.32   Exide Industries Ltd                                                        Auto Ancillaries                                      1.05
Reliance Industries Ltd                              Refineries                                                  4.79   Aditya Birla Nuvo Ltd                                                       Textiles                                              1.03
Infosys Technologies Ltd                             IT - Software                                               3.90   Other Equity (less than 1.00% of corpus)                                                                                        16.38
ICICI Bank Ltd                                       Banks                                                       3.39   Government Securities                                                                                                             1.74
ITC Ltd                                              Tobacco Products                                            3.25   7.02% GOI 2016                                                              Sovereign                                             1.74
HDFC Bank                                            Banks                                                       3.07   Corporate Bonds                                                                                                                 21.93
Larsen And Toubro Ltd                                Capital Goods-Non Electrical Equipment                      2.88   2.00% Tata Motors Ltd 2014                                                  AAA                                                   4.22
State Bank Of India                                  Banks                                                       2.30   9.35% ILFS 2010                                                             AAA                                                   2.53
Bharat Heavy Electricals Ltd                         Capital Goods - Electrical Equipment                        2.22   11.25% PFC 2018                                                             AAA                                                   2.05
Bharti Airtel Ltd                                    Telecomm-Service                                            1.92
                                                                                                                        8.40% Exim Bank 2010                                                        AAA                                                   1.97
Axis Bank Ltd                                        Banks                                                       1.72
                                                                                                                        10.25% HDFC Ltd. 2012                                                       AAA                                                   1.90
Oil & Natural Gas Corp Ltd                           Crude Oil & Natural Gas                                     1.69
                                                                                                                        9.50% HDFC Ltd. 2013                                                        AAA                                                   1.51
Sterlite Industries (India) Ltd                      Non Ferrous Metals                                          1.62
                                                                                                                        8.40% HDFC 2014                                                             AAA                                                   1.44
Tata Steel Ltd                                       Steel                                                       1.54
                                                                                                                        10.9% Rural Elect Corp. 2013                                                AAA                                                   1.26
LIC Housing Finance Ltd                              Finance                                                     1.53
                                                                                                                        7.65% RECL 2016                                                             AAA                                                   1.21
HDFC Ltd                                             Finance                                                     1.50
                                                                                                                        9.45% REC 2013                                                              AAA                                                   1.13
Bank Of Baroda                                       Banks                                                       1.50
                                                                                                                        9.80% PFC 2012                                                              AAA                                                   0.75
Sintex Industries Ltd                                Diversified                                                 1.48
                                                                                                                        6.90% PFC Ltd. 2012                                                         AAA                                                   0.71
Crompton Greaves Ltd                                 Capital Goods - Electrical Equipment                        1.48
                                                                                                                        10.60% IRFC 2018                                                            AAA                                                   0.60
Mahindra And Mahindra Ltd                            Automobile                                                  1.31
Tata Motors Ltd                                      Automobile                                                  1.24   6.84%HDFC 2011                                                              AAA                                                   0.54

Mphasis Ltd                                          IT - Software                                               1.21   9.68% IRFC 2008                                                             AAA                                                   0.11

Wipro Ltd                                            IT - Software                                               1.20   Cash Bank & Others                                                                                                              10.00
IVRCL Infrastructures & Projects Ltd Realty                                                                      1.10   Net Assets                                                                                                                    100.00

                                                                                                                                                                                                                                                                        28
                                                                                                                                                                  Life Stable Growth Fund
                                                                                                                                                                                            Investment Report April, 2010



                               Debt Investment Style                                                                                                 Equity Investment Style
                                Credit Quality                                                                                                      Investment Style
            High                              Med                             Low            Interest Rate                       Value                             Blend                            Growth                              Size
                                                                                              Sensitivity
                                                                                                     High                                                                                                                               Large

                                                                                                     Mid                                                                                                                                  Mid

                                                                                                     Low                                                                                                                                Small




                                              Fund Details                                                                                                   Fund Performance
Investment Objective                  : To provide reasonable returns by investing in a mix of Equity
                                        and Fixed Income instruments. The fund will maintain low to                   PERIOD                              DATE                        NAV                NAV Change INDEX Change
                                        medium risk profile with the equity investments ranging from                  Last 1 Month                      31-Mar-10                     14.59                 1.31%       0.59%
                                        30% - 50% of the fund.                                                        Last 3 Months                     29-Jan-10                     14.12                 4.71%       3.90%
Fund Manager                          : Mr. Saravana Kumar                                                            Last 6 Months                     30-Oct-09                     13.83                 6.84%       6.21%
NAV as on 30 Apr, 10                  : Rs. 14.7792                                                                   Last 1 Year                       29-Apr-09                     11.83                24.93%      23.56%
Benchmark                             : BSE Sensex - 40%                                                              Last 3 Years                      30-Apr-07                     11.08                10.09%       7.52%
                                        CRISIL Composite Bond Fund Index - 60%                                        Since Inception                    01-Jul-06                    10.00                10.73%      9.46%
                                                                                                                     Note: The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.
Corpus as on 30 Apr, 10               : 31.35 Crs.


                                       Sector Allocation                                                                                                         Asset Allocation
                                             Banks                   9.05%
                                      IT - Software          3.43%                                                                         9.54%
                                        Refineries          2.57%
               Capital Goods -Electrical Equipment         2.14%
                                          Finance          2.11%
                                                                                                                               9.31%
                                Tobacco Products           1.95%
                                            Realty         1.89%                                                                                                                     37.50%
          Capital Goods -Non Electrical Equipment          1.73%                                                                                                                                               Equity
                                               -
                                Telecomm Service           1.34%
                                  Pharmaceuticals          1.22%
                                                                                                                                                                                                               Corporate Bonds
                                        Others                       10.07%
                           Government Securities                     9.31%
                                 Corporate Bonds                                            43.65%                                                                                                             Government Securities
                              Cash Bank & Others                     9.54%
                                                                                                                                   43.65%
                                                      0%    5% 10% 15% 20% 25% 30% 35% 40% 45% 50%
                                                                                                                                                                                                               Cash Bank & Others



                                                                                                            Portfolio
Instrument                                                         Industry                            % of NAV     Instrument                                                                  Industry                                   % of NAV
Equity                                                                                                      37.50   Government Securities                                                                                                             9.31

Reliance Industries Ltd                                    Refineries                                        2.57   7.02% GOI 2016                                                               Sovereign                                            9.31

Infosys Technologies Ltd                                   IT - Software                                     2.36   Corporate Bonds                                                                                                                 43.65

                                                                                                                    10.75% Reliance Ind 2018                                                     AAA                                                  7.14
ICICI Bank Ltd                                             Banks                                             2.12
                                                                                                                    9.45% REC 2013                                                               AAA                                                  6.76
HDFC Bank                                                  Banks                                             2.04
                                                                                                                    11.50% Rural Elect Corp. 2013                                                AAA                                                  6.50
ITC Ltd                                                    Tobacco Products                                  1.95
                                                                                                                    8.60% PFC Ltd 2014                                                           AAA                                                  4.88
Larsen And Toubro Ltd                                      Capital Goods-Non Electrical Equipment            1.42
                                                                                                                    8.40% Exim Bank 2010                                                         AAA                                                  4.82
State Bank Of India                                        Banks                                             1.28
                                                                                                                    10.9% Rural Elect Corp. 2013                                                 AAA                                                  3.88
Axis Bank Ltd                                              Banks                                             1.21
                                                                                                                    9.80% PFC 2012                                                               AAA                                                  3.36
HDFC Ltd                                                   Finance                                           1.08
                                                                                                                    9.05% IDFC 2010                                                              AAA                                                  2.58

Bharti Airtel Ltd                                          Telecomm-Service                                  1.08
                                                                                                                    9.50% HDFC MD 2013                                                           AAA                                                  2.03

Oil & Natural Gas Corp Ltd                                 Crude Oil & Natural Gas                           1.04   2.00% Tata Motors Ltd 2014                                                   AAA                                                  1.72

Crompton Greaves Ltd                                       Capital Goods - Electrical Equipment              1.03   Cash Bank & Others                                                                                                                9.54

Other Equity (less than 1.00% of corpus)                                                                    18.31   Net Assets                                                                                                                    100.00

                                                                                                                                                                                                                                                                    29
                                                                                                                                                                                     Whole Life
                                                                                                                                                                        Aggressive Growth Fund
                                                                                                                                                                                                Investment Report April, 2010



                             Debt Investment Style                                                                                                       Equity Investment Style
                              Credit Quality                                                                                                            Investment Style
          High                             Med                              Low                  Interest Rate                       Value                              Blend                           Growth                              Size
                                                                                                  Sensitivity
                                                                                                        High                                                                                                                                Large

                                                                                                        Mid                                                                                                                                   Mid

                                                                                                        Low                                                                                                                                 Small




                                           Fund Details                                                                                                          Fund Performance
Investment Objective                   : The primary investment objective of the Fund is to                               PERIOD                              DATE                        NAV                NAV Change INDEX Change
                                         maximize the returns with medium to high risk.
                                                                                                                          Last 1 Month                      31-Mar-10                     13.62                 1.41%       0.66%
Fund Manager                           : Mr. Saravana Kumar                                                               Last 3 Months                     29-Jan-10                     12.97                 6.45%       5.83%
NAV as on 30 Apr, 10                   : Rs. 13.8098                                                                      Last 6 Months                     30-Oct-09                     12.60                 9.58%       9.00%
                                                                                                                          Last 1 Year                       29-Apr-09                     10.04                37.52%      34.91%
Benchmark                              : Nifty - 65%
                                                                                                                          Last 3 Years                      30-Apr-07                     10.38                 9.98%       8.26%
                                         CRISIL Composite Bond Fund Index - 35%
                                                                                                                          Since Inception                   08-Jan-07                     10.00                10.24%      8.32%
Corpus as on 30 Apr, 10 : 162.05 Crs.                                                                                    Note: The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.




                                    Sector Allocation                                                                                                                Asset Allocation
                                           Banks                             13.46%
                                    IT - Software                5.89%
                                       Refineries             4.59%
                                                                                                                                    60.83%
             Capital Goods - Electrical Equipment           3.15%
                                        Finance         3.04%
                                     Automobile         2.86%
                               Tobacco Products         2.71%                                                                                                                                                        Equity
          Capital Goods-Non Electrical Equipment        2.46%
                                          FMCG          2.36%
                                          Realty        2.35%
                                                                                                                                                                                                                     Corporate Bonds
                                          Others                                      17.99%
                          Government Securities         3.00%                                                                                                                     25.56%                             Government Securities
                                Corporate Bonds                                                25.56%
                             Cash Bank & Others                          10.60%
                                                                                                                                          10.60%                                                                     Cash Bank & Others
                                                0.00%   5.00% 10.00% 15.00% 20.00% 25.00% 30.00%
                                                                                                                                                             3.00%



                                                                                                               Portfolio
Instrument                                                   Industry                                     % of NAV      Instrument                                                                    Industry                                 % of NAV
Equity                                                                                                         60.83    IVRCL Infrastructures & Projects Ltd                                           Realty                                             1.01
Reliance Industries Ltd                             Refineries                                                   4.59   Glaxosmithkline Consumer Healthcare Ltd                                        FMCG                                               1.01
Infosys Technologies Ltd                            IT - Software                                                3.97   Other Equity (less than 1.00% of corpus)                                                                                        15.56
ICICI Bank Ltd                                      Banks                                                        3.52   Government Securities                                                                                                             3.00
ITC Ltd                                             Tobacco Products                                             2.71   7.02% GOI 2016                                                                 Sovereign                                          3.00
HDFC Bank                                           Banks                                                        2.47   Corporate Bonds                                                                                                                 25.56
State Bank Of India                                 Banks                                                        2.41   2.00% Tata Motor 2014                                                          AAA                                                4.65
Larsen And Toubro Ltd                               Capital Goods-Non Electrical Equipment                       2.39   11.50% Rural Electric Corp. 2013                                               AAA                                                3.50
Axis Bank Ltd                                       Banks                                                        1.96   8.95% PFC 2015                                                                 AAA                                                2.37
Bharat Heavy Electricals Ltd                        Capital Goods - Electrical Equipment                         1.85
                                                                                                                        2.00% Indian Hotel Company 2014                                                AA+                                                1.96
HDFC Ltd                                            Finance                                                      1.74
                                                                                                                        8.80% Power Grid 2015                                                          AAA                                                1.89
Bharti Airtel Ltd                                   Telecomm-Service                                             1.38
                                                                                                                        9.20% HDFC Ltd 2012                                                            AAA                                                1.60
Oil & Natural Gas Corp Ltd                          Crude Oil & Natural Gas                                      1.30
                                                                                                                        8.40% HDFC 2014                                                                AAA                                                1.56
Crompton Greaves Ltd                                Capital Goods - Electrical Equipment                         1.30
                                                                                                                        7.95% PFC 2016                                                                 AAA                                                1.51
Bank Of Baroda                                      Banks                                                        1.28
                                                                                                                        11.75% Rural Electric Corp Ltd 2011                                            AAA                                                1.32
Sterlite Industries (India) Ltd                     Non Ferrous Metals                                           1.28
                                                                                                                        9.05% IDFC 2010                                                                AAA                                                1.31
Cipla Ltd                                           Pharmaceuticals                                              1.27
                                                                                                                        8.50% PFC 2014                                                                 AAA                                                1.25
Wipro Ltd                                           IT - Software                                                1.24
                                                                                                                        9.50%HDFC 2013                                                                 AAA                                                0.85
Mahindra And Mahindra Ltd                           Automobile                                                   1.23
                                                                                                                        10.75% Reliance Ind 2018                                                       AAA                                                0.69
Sintex Industries Ltd                               Diversified                                                  1.10
Asian Paints (India) Ltd                            Paints/Varnish                                               1.09   6.90% PFC 2012                                                                 AAA                                                0.62

Tata Steel Ltd                                      Steel                                                        1.07   10.90% Rural Electric Corp. 2013                                               AAA                                                0.48
Gail India Ltd                                      Gas Distribution                                             1.06   Cash Bank & Others                                                                                                              10.60
Bajaj Auto Ltd - New Shs                            Automobile                                                   1.03   Net Assets                                                                                                                    100.00

                                                                                                                                                                                                                                                                        30
                                                                                                                                                                                        Whole Life
                                                                                                                                                                               Stable Growth Fund
                                                                                                                                                                                        Investment Report April, 2010



                              Debt Investment Style                                                                                              Equity Investment Style
                               Credit Quality                                                                                                   Investment Style
          High                               Med                           Low           Interest Rate                       Value                              Blend                           Growth                              Size
                                                                                          Sensitivity
                                                                                             High                                                                                                                                   Large

                                                                                              Mid                                                                                                                                     Mid

                                                                                              Low                                                                                                                                   Small




                                              Fund Details                                                                                               Fund Performance
Investment Objective                     : The primary investment objective of the Fund is                        PERIOD                              DATE                        NAV                NAV Change INDEX Change
                                           provide reasonable returns with low to medium
                                                                                                                  Last 1 Month                      31-Mar-10                     12.36                 1.43%       0.74%
                                           risk.
                                                                                                                  Last 3 Months                     29-Jan-10                     12.02                 4.26%       4.20%
Fund Manager                             : Mr. Saravana Kumar                                                     Last 6 Months                     30-Oct-09                     11.75                 6.69%       6.84%
NAV as on 30 Apr, 10                     : Rs. 12.5357                                                            Last 1 Year                       29-Apr-09                     10.13                23.74%      22.74%
Benchmark                                : Nifty - 40%                                                            Last 3 Years                      30-Apr-07                     10.03                 7.73%       7.80%
                                           CRISIL Composite Bond Fund Index - 60%                                 Since Inception                   08-Jan-07                     10.00                7.07%       7.63%
Corpus as on 30 Apr, 10 : 26.48 Crs.                                                                             Note: The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.




                                      Sector Allocation                                                                                                      Asset Allocation
                                          Banks             7.40%
                                              IT
                                       Software-        3.73%
                                      Refineries      2.73%
          Capital Goods - Electrical Equipment        2.34%
                                        Finance      1.94%
                                                                                                                               34.89%
                              Pharmaceuticals        1.82%
                                                                                                                                                                                        44.07%
                                         FMCG        1.69%                                                                                                                                                       Equity
                                   Automobile        1.65%
                                          Realty    1.45%                                                                                                                                                        Corporate Bonds
     Capital Goods - Non Electrical Equipment       1.27%
                                         Others               8.87%
                              Corporate Bonds                                               44.07%                                                                                                               Governmemt Securities
                       Government Securities                    11.03%
                                       CD/CP's
                                                                                                                                       2.73%                                                                     CD/CP's
                                                            7.28%
                          Cash Bank & Others           2.73%
                                                                                                                                               7.28%
                                               0%     5%    10% 15% 20% 25% 30% 35% 40% 45% 50%                                                                11.03%                                            Cash Bank & Others


                                                                                                     Portfolio
Instrument                                                   Industry                             % of NAV      Instrument                                                                 Industry                                    % of NAV
Equity                                                                                                34.89     6.98% IRFC 2012                                                              AAA                                                  6.08

Reliance Industries Ltd                                    Refineries                                    2.73   11.50% Rural Electric Corp. 2013                                             AAA                                                  4.28

Infosys Technologies Ltd                                   IT - Software                                 2.58   10.75% Reliance Ind 2018                                                     AAA                                                  4.22

ICICI Bank Ltd                                             Banks                                         2.16   9.20% Power Grid 2015                                                        AAA                                                  3.95

HDFC Bank                                                  Banks                                         1.51   8.50% Power Grid 2014                                                        AAA                                                  3.84

Bharat Heavy Electricals Ltd                               Capital Goods - Electrical Equipment          1.32   8.40% Exim Bank 2010                                                         AAA                                                  3.80

ITC Ltd                                                    Tobacco Products                              1.25   7.20% HDFC 2010                                                              AAA                                                  3.02

Larsen And Toubro Ltd                                      Capital Goods-Non Electrical Equipment        1.22   2.00% Tata Motor 2014                                                        AAA                                                  2.03

State Bank Of India                                        Banks                                         1.09   7.90% RECL 2012                                                              AAA                                                  1.54

HDFC Ltd                                                   Finance                                       0.96   9.05% IDFC 2010                                                              AAA                                                  1.14

Axis Bank Ltd                                              Banks                                         0.84   CD/CP's                                                                                                                           7.28

Other Equity                                                                                          19.24     Bank of Baroda 2010 - CD                                                     P1+                                                  3.64

Government Securities                                                                                 11.03     State Bank of Patiala 2010 - CD                                              P1+                                                  3.64

7.02% GOI 2016                                             Sovereign                                  11.03     Cash Bank & Others                                                                                                                2.73

Corporate Bonds                                                                                       44.07     Net Asset                                                                                                                     100.00

8.95% PFC 2015                                             AAA                                        10.17
                                                                                                                                                                                                                                                                31
                                                                                                                                                                      Growth Maximsier Fund
                                                                                                                                                                                                  Investment Report April, 2010



                             Debt Investment Style                                                                                                           Equity Investment Style
                              Credit Quality                                                                                                                Investment Style
          High                             Med                             Low                      Interest Rate                         Value                           Blend                           Growth                            Size
                                                                                                     Sensitivity
                                                                                                           High                                                                                                                            Large

                                                                                                           Mid                                                                                                                               Mid

                                                                                                           Low                                                                                                                              Small




                                            Fund Details                                                                                                            Fund Performance
Investment Objective                   : The primary objective of the fund is to maximize the                                  PERIOD                              DATE                     NAV               NAV Change INDEX Change
                                         returns with medium to high risk.
                                                                                                                               Last 1 Month                    31-Mar-10                     9.38                   0.97%                       0.66%
Fund Manager                           : Mr. Saravana Kumar                                                                    Last 3 Months                    29-Jan-10                    9.02                   4.98%                       5.83%
NAV as on 30 Apr, 10                   : Rs. 9.4671                                                                            Last 6 Months                   30-Oct-09                     8.80                   7.64%                       9.00%
Benchmark                              : Nifty - 65%                                                                           Last 1 Year                     29-Apr-09                     7.03                  34.67%                      34.91%
                                         CRISIL Composite Bond Fund Index - 35%                                                Since Inception                 15-Oct-07                    10.00                  -2.13%                       0.51%
Corpus as on 30 Apr, 10 : 10.44 Crs.                                                                                          Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                    Sector Allocation                                                                                                                   Asset Allocation
                                            Banks                      12.99%
                                      IT - Software          4.95%
                                                                                                                                                                    8.82%
                                        Refineries         3.96%
               Capital Goods -Electrical Equipment         3.95%
                                            Realty        3.12%
                                      Automobile          2.83%
                                          Finance        2.77%
                                Tobacco Products         2.29%
                                                                                                                                57.80%
          Capital Goods - Non Electrical Equipment       2.10%
                                                                                                                                                                                                                         Equity
                                  Pharmaceuticals        2.10%                                                                                                                         33.38%
                                           Others                           16.73%                                                                                                                                       Corporate Bonds
                                 Corporate Bonds                   8.82%
                              Cash Bank & Others                                                  33.38%                                                                                                                 Cash Bank & Others
                                                 0.00%   5.00% 10.00% 15.00% 20.00% 25.00%30.00% 35.00% 40.00%




                                                                                                                    Portfolio
Instrument                                                   Industry                                            % of NAV    Instrument                                                         Industry                                      % of NAV
Equity                                                                                                               57.80   Sintex Industries Ltd                                              Diversified                                              1.24

Reliance Industries Ltd                           Refineries                                                          3.96   HDFC Ltd                                                           Finance                                                  1.21

Infosys Technologies Ltd                          IT - Software                                                       3.67   Bank of Baroda                                                     Banks                                                    1.19

ICICI Bank Ltd                                    Banks                                                               3.19   Tata Steel Ltd                                                     Steel                                                    1.18
HDFC Bank                                         Banks                                                               2.58
                                                                                                                             Exide Industries Ltd                                               Auto Ancillaries                                         1.10
ITC Ltd                                           Tobacco Products                                                    2.29
                                                                                                                             Sun Pharmaceutical Industries Ltd                                  Pharmaceuticals                                          1.05
Bharat Heavy Electricals Ltd                      Capital Goods - Electrical Equipment                                2.03
                                                                                                                             Asian Paints (India) Ltd                                           Paints/Varnish                                           1.04
Larsen And Toubro Ltd                                Capital Goods-Non Electrical Equipment                           1.93
                                                                                                                             Other Equity (less than 1.00% of corpus)                                                                                  18.40
State Bank of India                                  Banks                                                            1.87
                                                                                                                             Corporate Bonds                                                                                                             8.82
Oil & Natural Gas Corp Ltd                           Crude Oil & Natural Gas                                          1.51
                                                                                                                             8.40% Exim Bank 2010                                               AAA                                                      3.85
Axis Bank Ltd                                        Banks                                                            1.46
                                                                                                                             8.83% IRFC 2012                                                    AAA                                                      2.99
Bharti Airtel Ltd                                    Telecomm-Service                                                 1.43
                                                                                                                             9.50% HDFC 2013                                                    AAA                                                      1.01
Sterlite Industries (India) Ltd                      Non Ferrous Metals                                               1.39
                                                                                                                             6.98% IRFC 2012                                                    AAA                                                      0.96
Crompton Greaves Ltd                                 Capital Goods - Electrical Equipment                             1.39
                                                                                                                             Cash Bank & Others                                                                                                        33.38
Mahindra And Mahindra Ltd                            Automobile                                                       1.38

Wipro Ltd                                            IT - Software                                                    1.29   Net Assets                                                                                                              100.00

                                                                                                                                                                                                                                                                32
                                                                                                                                                             Life Growth Enabler Fund
                                                                                                                                                                                            Investment Report April, 2010



                           Debt Investment Style                                                                                                       Equity Investment Style
                            Credit Quality                                                                                                            Investment Style
         High                            Med                               Low                Interest Rate                         Value                           Blend                           Growth                            Size
                                                                                               Sensitivity
                                                                                                    High                                                                                                                             Large

                                                                                                    Mid                                                                                                                                Mid

                                                                                                    Low                                                                                                                               Small




                                          Fund Details                                                                                                        Fund Performance
Investment Objective                  : The primary investment objective of the Fund is to provide
                                                                                                                           PERIOD                            DATE                     NAV               NAV Change INDEX Change
                                        reasonable returns with low to medium risk.
                                                                                                                           Last 1 Month                  31-Mar-10                    10.90                   0.38%                       0.74%
Fund Manager                          : Mr. Saravana Kumar
                                                                                                                           Last 3 Months                  29-Jan-10                   10.61                   3.12%                       4.20%
NAV as on 30 Apr, 10                  : Rs. 10.9421                                                                        Last 6 Months                 30-Oct-09                    10.36                   5.66%                       6.84%
Benchmark                             : Nifty - 40%                                                                        Last 1 Year                   29-Apr-09                     8.95                  22.20%                      22.74%
                                        CRISIL Composite Bond Fund Index - 60%
                                                                                                                           Since Inception               15-Oct-07                    10.00                   3.60%                       2.86%
Corpus as on 30 Apr, 10               : 0.58 Crs.                                                                       Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                  Sector Allocation                                                                                                               Asset Allocation
                                          Banks             8.11%
                                    IT - Software    3.51%
            Capital Goods - Electrical Equipment     3.00%
                                      Refineries     2.66%
                                        Finance     1.91%                                                                                                                         36.27%
                              Tobacco Products      1.71%
                                                                                                                             52.94%
                                Pharmaceuticals     1.66%
                Power Generation & Distribution     1.54%
                                    Automobile      1.27%
        Capital Goods - Non Electrical Equipment    1.17%
                                         Others              9.72%
                                                                                                                                                                                                                         Equity
                          Government Securities               10 .79%
                                                                                                                                                                          10.79%                                         Government Securities
                            Cash Bank & Others                                                 52 .94 %
                                               0.00 %   10.00% 20.00%       30.00% 40.00% 50.00%   60.00%                                                                                                                Cash Bank & Others



                                                                                                            Portfolio
                                                                        Instrument                                 Industry                                           % of NAV
                                                                        Equity                                                                                                36.27

                                                                        Reliance Industries Ltd                    Refineries                                                   2.66

                                                                        Infosys Technologies Ltd                   IT - Software                                                2.35

                                                                        HDFC Bank                                  Banks                                                        1.89

                                                                        ITC Ltd                                    Tobacco Products                                             1.71

                                                                        ICICI Bank Ltd                             Banks                                                        1.64

                                                                        State Bank Of India                        Banks                                                        1.58

                                                                        Bharat Heavy Electricals Ltd               Capital Goods - Electrical Equipment                         1.28

                                                                        Larsen And Toubro Ltd                      Capital Goods-Non Electrical Equipment                       1.17

                                                                        Axis Bank Ltd                              Banks                                                        1.09

                                                                        Oil & Natural Gas Corp Ltd                 Crude Oil & Natural Gas                                      1.09

                                                                        Other Equity (less than 1.00% of corpus)                                                              19.81

                                                                        Government Securities                                                                                 10.79

                                                                        9.39% GOI 2011                             Sovereign                                                  10.79

                                                                        Cash Bank & Others                                                                                    52.94

                                                                        Net Assets                                                                                          100.00

                                                                                                                                                                                                                                                          33
                                                                                                                                                   Life Capital Guarantee Fund
                                                                                                                                                                                            Investment Report April, 2010



                              Debt Investment Style                                                                                                    Equity Investment Style
                                Credit Quality                                                                                                        Investment Style
           High                                Med                       Low                  Interest Rate                         Value                           Blend                          Growth                            Size
                                                                                               Sensitivity
                                                                                                    High                                                                                                                             Large

                                                                                                      Mid                                                                                                                              Mid

                                                                                                    Low                                                                                                                              Small




                                               Fund Details                                                                                                   Fund Performance
Investment Objective                     : The key objective of the fund is to protect the capital by
                                           investing in high quality fixed income securities and at the                  PERIOD                              DATE                     NAV               NAV Change INDEX Change
                                           same time provide access to the upside potential of equities                  Last 1 Month                    31-Mar-10                   11.63                   0.86%                       0.82%
                                           by investing a maximum of 15% in equities and equity
                                           linked instruments.                                                           Last 3 Months                    29-Jan-10                  11.51                   1.90%                       2.58%
Fund Manager                             : Mr. Saravana Kumar                                                            Last 6 Months                   30-Oct-09                   11.42                   2.67%                       4.68%
NAV as on 30 Apr, 10                     : Rs. 11.7275                                                                   Last 1 Year                     29-Apr-09                   11.15                   5.22%                      10.58%
Benchmark                                : Nifty - 15%
                                           CRISIL Composite Bond Fund Index - 85%                                        Since Inception                 15-Oct-07                   10.00                   6.47%                       5.21%
Corpus as on 30 Apr, 10                  : 3.75 Crs.                                                                    Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                      Sector Allocation                                                                                                           Asset Allocation
                                     Banks       2.05%
                                   Software
                                         IT
                                          -     1.18%                                                                                                    10.21%
                                  Refineries    0.89%
           Power Generation & Distribution      0.82%
                                     Steel      0.60%
                                                                                                                                    14.63%
         Capital Goods -Electrical Equipment    0.59%
                                 Automobile     0.53%
                           Tobacco Products     0.50%                                                                                                                                                                Equity
    Capital Goods - Non Electrical Equipment    0.47%
                            Pharmaceuticals     0.32%
                                                                                                                                                                                      49.19%                         Corporate Bonds
                                  Others           2.27%
                     Government Securities                               25.96%
                           Corporate Bonds                                                   49.19%                                                                                                                  Government Securities
                                                                                                                                25.96%
                        Cash Bank & Others                     14.63%

                                           0.00%      10.00%    20.00%   30.00%   40.00%   50.00%     60.00%                                                                                                         Cash Bank & Others



                                                                                                               Portfolio
Instrument                                                 Industry                                     % of NAV       Instrument                                                  Industry                                             % of NAV
Equity                                                                                                         10.21   Tata Power Co Ltd                                       Power Generation & Distribution                                   0.13
Reliance Industries Ltd                             Refineries                                                  0.83   Steel Authority Of India Ltd                            Steel                                                             0.13
Infosys Technologies Ltd                            IT - Software                                               0.73   PTC India Ltd                                           Trading                                                           0.12
ICICI Bank Ltd                                      Banks                                                       0.57   IVRCL Infrastructures & Projects Ltd                    Realty                                                            0.12
HDFC Bank                                           Banks                                                       0.53   Power Grid Corp Of India Ltd                            Power Generation & Distribution                                   0.12
ITC Ltd                                             Tobacco Products                                            0.50   Asian Paints (India) Ltd                                Paints/Varnish                                                    0.11
State Bank Of India                                 Banks                                                       0.49   Aditya Birla Nuvo Ltd                                   Textiles                                                          0.11
Larsen And Toubro Ltd                               Capital Goods-Non Electrical Equipment                      0.47   Mphasis Ltd                                             IT - Software                                                     0.11
Bharat Heavy Electricals Ltd                        Capital Goods - Electrical Equipment                        0.40   Crompton Greaves Ltd                                    Capital Goods - Electrical Equipment                              0.11
Oil & Natural Gas Corp Ltd                          Crude Oil & Natural Gas                                     0.28   Union Bank Of India                                     Banks                                                             0.10
Bharti Airtel Ltd                                   Telecomm-Service                                            0.28   Dr Reddys Laboratories Ltd                              Pharmaceuticals                                                   0.10
Tata Steel Ltd                                      Steel                                                       0.27   Punjab National Bank                                    Banks                                                             0.10
HDFC Ltd                                            Finance                                                     0.26   HCL Technologies Ltd                                    IT - Software                                                     0.09
Axis Bank Ltd                                       Banks                                                       0.25   ABB Ltd                                                 Capital Goods - Electrical Equipment                              0.08
Wipro Ltd                                           IT - Software                                               0.25   Sun Pharmaceutical Industries Ltd                       Pharmaceuticals                                                   0.08
Mahindra And Mahindra Ltd                           Automobile                                                  0.25   DLF Ltd                                                 Construction                                                      0.07
Sterlite Industries (India) Ltd                     Non Ferrous Metals                                          0.24   Indian Oil Corp Ltd                                     Refineries                                                        0.06
NTPC Ltd                                            Power Generation & Distribution                             0.23   Corporate Bonds                                                                                                          49.19
Jindal Steel & Power Ltd                            Steel                                                       0.20   9.45% LIC Housing 2012                                  AAA                                                              13.88
Reliance Infrastructure                             Power Generation & Distribution                             0.18   7.90% RECL 2012                                         AAA                                                              10.86
Jaiprakash Associates Ltd                           Realty                                                      0.18   7.4% Infrastructure 2012                                AAA                                                               8.10
Hindustan Unilever Ltd                              FMCG                                                        0.18   9.50% HDFC 2013                                         AAA                                                               5.65
Gail India Ltd                                      Gas Distribution                                            0.17   8.40% Exim Bank 2010                                    AAA                                                               5.37
Cesc Ltd                                            Power Generation & Distribution                             0.16   7.20% HDFC 2010                                         AAA                                                               5.34
Tata Motors Ltd                                     Automobile                                                  0.15   Government Securities                                                                                                    25.96
Grasim Industries Ltd                               Diversified                                                 0.15   7.02% GOI 2016                                          Sovereign                                                        25.96
Cipla Ltd                                           Pharmaceuticals                                             0.14   Cash Bank & Others                                                                                                       14.63
Maruti Suzuki India Ltd                             Automobile                                                  0.14   Net Assets                                                                                                              100.00

                                                                                                                                                                                                                                                          34
                                                                                                                                                                            Future Capital
                                                                                                                                                                    Guarantee Pension Fund
                                                                                                                                                                                              Investment Report April, 2010



                                Debt Investment Style                                                                                                    Equity Investment Style
                                  Credit Quality                                                                                                        Investment Style
            High                               Med                           Low               Interest Rate                          Value                           Blend                          Growth                            Size
                                                                                                Sensitivity
                                                                                                      High                                                                                                                             Large

                                                                                                      Mid                                                                                                                                Mid

                                                                                                      Low                                                                                                                              Small




                                                Fund Details                                                                                                    Fund Performance
Investment Objective                       : The key objective of the fund is to protect the capital by
                                             investing in high quality fixed income securities and at the same
                                                                                                                            PERIOD                             DATE                     NAV               NAV Change INDEX Change
                                             time provide access to upside potential of equities by investing a             Last 1 Month                   31-Mar-10                   11.30                   0.72%                       0.82%
                                             maximum of 15% in equities and equity linked instruments.
                                                                                                                            Last 3 Month                    29-Jan-10                  11.17                   1.95%                       2.58%
Fund Manager                               : Mr. Saravana Kumar
                                                                                                                            Last 6 Month                   30-Oct-09                   11.05                   2.98%                       4.68%
NAV as on 30 Apr, 10                       : Rs. 11.3831
                                                                                                                            Last 1 Year                    29-Apr-09                   10.83                   5.10%                      10.58%
Benchmark                                  : Nifty - 15%
                                             CRISIL Composite Bond Fund Index - 85%                                         Since Inception                04-Feb-08                   10.00                   5.97%                       4.89%
Corpus as on 30 Apr, 10                    : 3.24 Crs.                                                                    Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                        Sector Allocation                                                                                                           Asset Allocation
                                               Banks         2.38%
                                         IT - Software   1.36%
                                            Refineries   1.03%                                                                      1.55%
                    Power Generation & Distribution      0.90%
                                                 Steel   0.68%                                                               11.71%
                 Capital Goods - Electrical Equipment    0.68%                                                                                                                     57.97%
                                          Automobile     0.61%
                                   Tobacco Products      0.57%                                                                                                                                                    Equity
            Capital Goods - Non Electrical Equipment     0.50%
                                     Pharmaceuticals     0.38%                                                                                                                                                    Government Securities
                                               Others        2.62%
                               Government Securities     1.55%
                                                                                                                                 28.78%                                                                           Corporate Bonds
                                     Corporate Bonds                                                57.97%
                                 Cash Bank & Others                             28.78%
                                                     0.00%    10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00%                                                                                                    Cash Bank & Others


                                                                                                             Portfolio
Instrument                                                      Industry                                % of NAV         Instrument                                                  Industry                                             % of NAV
Equity                                                                                                           11.71   Power Grid Corp Of India Ltd                             Power Generation & Distribution                                    0.14
Reliance Industries Ltd                                      Refineries                                           0.96   PTC India Ltd                                            Trading                                                            0.14
Infosys Technologies Ltd                                     IT - Software                                        0.84   Steel Authority Of India Ltd                             Steel                                                              0.14
ICICI Bank Ltd                                               Banks                                                0.67   IVRCL Infrastructures & Projects Ltd                     Realty                                                             0.14
HDFC Bank                                                    Banks                                                0.62   Mphasis Ltd                                              IT - Software                                                      0.13
State Bank Of India                                          Banks                                                0.57   Aditya Birla Nuvo Ltd                                    Textiles                                                           0.13
ITC Ltd                                                      Tobacco Products                                     0.57   Asian Paints (India) Ltd                                 Paints/Varnish                                                     0.13
Larsen And Toubro Ltd                                        Capital Goods-Non Electrical Equipment               0.50   Cesc Ltd                                                 Power Generation & Distribution                                    0.13
Bharat Heavy Electricals Ltd                                 Capital Goods - Electrical Equipment                 0.46   Union Bank Of India                                      Banks                                                              0.12
Oil & Natural Gas Corp Ltd                                   Crude Oil & Natural Gas                              0.33   Crompton Greaves Ltd                                     Capital Goods - Electrical Equipment                               0.12
Bharti Airtel Ltd                                            Telecomm-Service                                     0.32   Dr Reddys Laboratories Ltd                               Pharmaceuticals                                                    0.12
Tata Steel Ltd                                               Steel                                                0.31   Punjab National Bank                                     Banks                                                              0.11
HDFC Ltd                                                     Finance                                              0.30   Sun Pharmaceutical Industries Ltd                        Pharmaceuticals                                                    0.10
Wipro Ltd                                                    IT - Software                                        0.29   ABB Ltd                                                  Capital Goods - Electrical Equipment                               0.10
Axis Bank Ltd                                                Banks                                                0.29   HCL Technologies Ltd                                     IT - Software                                                      0.10
Mahindra And Mahindra Ltd                                    Automobile                                           0.28   DLF Ltd                                                  Construction                                                       0.08
Sterlite Industries (India) Ltd                              Non Ferrous Metals                                   0.28   Indian Oil Corp Ltd                                      Refineries                                                         0.07
NTPC Ltd                                                     Power Generation & Distribution                      0.27   Government Securities                                                                                                       1.55
Jindal Steel & Power Ltd                                     Steel                                                0.23   9.39% GOI 2011                                           Sovereign                                                          1.55
Reliance Infrastructure                                      Power Generation & Distribution                      0.21   Corporate Bonds                                                                                                            57.97
Jaiprakash Associates Ltd                                    Realty                                               0.20   10.00% PFC 2012                                          AAA                                                               19.64
Gail India Ltd                                               Gas Distribution                                     0.20   9.68% IRFC 2012                                          AAA                                                               13.06
Hindustan Unilever Ltd                                       FMCG                                                 0.20   9.45% LIC Housing 2012                                   AAA                                                               12.83
Tata Motors Ltd                                              Automobile                                           0.17   8.40% Exim Bank 2010                                     AAA                                                                6.21
Grasim Industries Ltd                                        Diversified                                          0.17   7.90% RECL 2012                                          AAA                                                                3.14
Maruti Suzuki India Ltd                                      Automobile                                           0.16   7.20% HDFC 2010                                          AAA                                                                3.09
Cipla Ltd                                                    Pharmaceuticals                                      0.16   Cash Bank & Others                                                                                                         28.78
Tata Power Co Ltd                                            Power Generation & Distribution                      0.15   Net Assets                                                                                                               100.00

                                                                                                                                                                                                                                                            35
                                                                                                                                           Future Growth Pension Fund
                                                                                                                                                                                     Investment Report April, 2010



                            Debt Investment Style                                                                                               Equity Investment Style
                             Credit Quality                                                                                                    Investment Style
         High                            Med                           Low               Interest Rate                       Value                           Blend                          Growth                            Size
                                                                                          Sensitivity
                                                                                                 High                                                                                                                         Large

                                                                                                 Mid                                                                                                                            Mid

                                                                                                 Low                                                                                                                          Small




                                          Fund Details                                                                                                 Fund Performance
Investment Objective                  : The primary investment objective of the Fund is to                        PERIOD                              DATE                     NAV               NAV Change INDEX Change
                                        maximize the returns with medium risk.
                                                                                                                  Last 1 Month                    31-Mar-10                   11.63                   1.36%                       0.77%
Fund Manager                          : Mr. Saravana Kumar                                                        Last 3 Months                    29-Jan-10                  11.41                   3.36%                       3.55%
NAV as on 30 Apr, 10                  : Rs. 11.7887                                                               Last 6 Months                   30-Oct-09                   11.15                   5.71%                       5.97%
Benchmark                             : Nifty - 30%                                                               Last 1 Year                     29-Apr-09                   10.04                  17.45%                      17.88%
                                        CRISIL Composite Bond Fund Index - 70%                                    Since Inception                 04-Feb-08                   10.00                   7.64%                       3.76%
Corpus as on 30 Apr, 10 : 14.66 Crs.                                                                             Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                   Sector Allocation                                                                                                       Asset Allocation
                                          Banks        5.23%
                                    IT - Software    2.62%
                                      Refineries    1.94%                                                                      56.01%
                                Pharmaceuticals     1.77%
            Capital Goods - Electrical Equipment    1.47%
                                    Automobile      1.43%
                                        Finance     1.25%
        Capital Goods - Non Electrical Equipment    1.20%
                                          Realty    1.01%
                                                                                                                                                                                                          Equity
                Power Generation & Distribution     0.93%                                                                                                                    9.96%
                                         Others        6.15%                                                                                                                                              Corporate Bonds
                          Government Securities              9.96%
                                Corporate Bonds                                         56.01%                                                                                                            Government Securities
                            Cash Bank & Others              9.04%
                                                                                                                                       25.00%
                                                                                                                                                                    9.04%                                 Cash Bank & Others
                                               0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00%




                                                                                                        Portfolio
Instrument                                                  Industry                               % of NAV     Instrument                                                  Industry                                             % of NAV
Equity                                                                                                  25.00   Bajaj Auto Ltd - New Shs                Automobile                                                                       0.29
Reliance Industries Ltd                 Refineries                                                       1.94   Cesc Ltd                                Power Generation & Distribution                                                  0.28
Infosys Technologies Ltd                IT - Software                                                    1.68   Power Finance Corp Ltd                  Finance                                                                          0.28
HDFC Bank                               Banks                                                            1.36   Dishman Pharmaceuticals & Chemicals Ltd Pharmaceuticals                                                                  0.27
ICICI Bank Ltd                          Banks                                                            1.30   Rural Electrification Corp Ltd          Finance                                                                          0.26
Larsen And Toubro Ltd                   Capital Goods-Non Electrical Equipment                           1.10   United Spirits Ltd                      Alcoholic Beverages                                                              0.26
ITC Ltd                                 Tobacco Products                                                 0.91   Punjab National Bank                    Banks                                                                            0.25
State Bank of India                     Banks                                                            0.78   Hindustan Unilever Ltd                  FMCG                                                                             0.25
Bharat Heavy Electricals Ltd            Capital Goods - Electrical Equipment                             0.68   Tata Power Co Ltd                       Power Generation & Distribution                                                  0.23
Oil & Natural Gas Corp Ltd              Crude Oil & Natural Gas                                          0.65   ABB Ltd                                 Capital Goods - Electrical Equipment                                             0.22
Bank of Baroda                          Banks                                                            0.59   Glenmark Pharmaceuticals Ltd            Pharmaceuticals                                                                  0.18
Cipla Ltd                               Pharmaceuticals                                                  0.58   Punj Lloyd Ltd                          Realty                                                                           0.17
HDFC Ltd                                Finance                                                          0.58   Zee Entertainment Enterprises Ltd Entertainment                                                                          0.15
Wipro Ltd                               IT - Software                                                    0.57   Infrastructure Dev Fin Co Ltd           Finance                                                                          0.14
Sterlite Industries (India) Ltd         Non Ferrous Metals                                               0.56   Simplex Infrastructures Ltd             Realty                                                                           0.13
Crompton Greaves Ltd                    Capital Goods - Electrical Equipment                             0.54   Reliance Communication Ltd              Telecomm-Service                                                                 0.10
Mahindra And Mahindra Ltd               Automobile                                                       0.54   Ambuja Cements Ltd                      Cement                                                                           0.10
Axis Bank Ltd                           Banks                                                            0.52   Thermax Limited                         Capital Goods-Non Electrical Equipment                                           0.10
Gail India Ltd                          Gas Distribution                                                 0.51   Zee News Ltd                            Entertainment                                                                    0.04
Glaxosmithkline Consumer Healthcare Ltd FMCG                                                             0.50   Areva T&D India Ltd                     Capital Goods - Electrical Equipment                                             0.04
Bharti Airtel Ltd                       Telecomm-Service                                                 0.47   Voltas Limited                          Diversified                                                                      0.04
Sintex Industries Ltd                   Diversified                                                      0.44   Government Securities                                                                                                    9.96
NTPC Ltd                                Power Generation & Distribution                                  0.42   7.02% GOI 2016                          Sovereign                                                                        9.96
Union Bank of India                     Banks                                                            0.42   Corporate Bonds                                                                                                         56.01
Tata Steel Ltd                          Steel                                                            0.42   8.90% Power Grid 2015                   AAA                                                                             12.33
Exide Industries Ltd                    Auto Ancillaries                                                 0.42   10.00% IDFC 2012                        AAA                                                                             10.84
Cadila Healthcare Ltd                   Pharmaceuticals                                                  0.40   10.00% PFC 2012                         AAA                                                                              7.24
Jaiprakash Associates Ltd               Realty                                                           0.40   7.9% RECL 2012                          AAA                                                                              6.94
Mphasis Ltd                             IT - Software                                                    0.37   8.40% HDFC 2014                         AAA                                                                              6.91
Aditya Birla Nuvo Ltd                   Textiles                                                         0.34   8.40% Exim Bank 2010                    AAA                                                                              5.49
Sun Pharmaceutical Industries Ltd       Pharmaceuticals                                                  0.32   7.20% HDFC 2010                         AAA                                                                              4.10
IVRCL Infrastructures & Projects Ltd Realty                                                              0.31   9.50% HDFC 2013                         AAA                                                                              2.17
Maruti Suzuki India Ltd                 Automobile                                                       0.31   Cash Bank & Others                                                                                                       9.04
Tata Motors Ltd                         Automobile                                                       0.30   Net Assets                                                                                                             100.00
                                                                                                                                                                                                                                                   36
                                                                                                                                        Future Balanced Pension Fund
                                                                                                                                                                                        Investment Report April, 2010



                              Debt Investment Style                                                                                                Equity Investment Style
                               Credit Quality                                                                                                     Investment Style
            High                            Med                        Low                  Interest Rate                       Value                           Blend                          Growth                            Size
                                                                                             Sensitivity
                                                                                                   High                                                                                                                          Large

                                                                                                     Mid                                                                                                                           Mid

                                                                                                   Low                                                                                                                           Small




                                            Fund Details                                                                                                  Fund Performance
Investment Objective                   : The primary investment objective of the Fund is to                           PERIOD                             DATE                     NAV               NAV Change INDEX Change
                                         provide reasonable returns with low to medium risk.
                                                                                                                      Last 1 Month                   31-Mar-10                   11.62                   0.87%                       0.83%
Fund Manager                           : Mr. Saravana Kumar                                                           Last 3 Months                   29-Jan-10                  11.50                   1.99%                       2.25%
NAV as on 30 Apr, 10                   : Rs. 11.7253                                                                  Last 6 Months                  30-Oct-09                   11.27                   4.05%                       4.25%
Benchmark                              : Nifty - 10%                                                                  Last 1 Year                    29-Apr-09                   11.07                   5.95%                       8.15%
                                         CRISIL Composite Bond Fund Index - 90%                                       Since Inception                04-Feb-08                   10.00                   7.38%                       5.27%
Corpus as on 30 Apr, 10 : 5.68 Crs.                                                                                 Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                     Sector Allocation                                                                                                        Asset Allocation
                                               Banks     2.10%
                                            Software
                                                  IT
                                                   -    0.73%
                                                                                                                                        22.25%
                                           Refineries   0.68%
                                                                                                                                                                      8.62%
             Capital Goods - Non Electrical Equipment   0.52%
                 Capital Goods - Electrical Equipment   0.51%
                                         Automobile     0.41%
                                    Tobacco Products    0.40%                                                                                                                                               Equity
                                               Realty   0.38%
                                          Diversified   0.33%                                                                                                              17.83%
                                                        0.31%
                                                                                                                                                                                                            Government Securities
                             Crude Oil & Natural Gas
                                              Others     2.25%
                               Government Securities               17.83%
                                                                                                                                                                                                            Corporate Bonds
                                     Corporate Bonds                                      51.30%
                                  Cash Bank & Others                  22.25%
                                                                                                                                                                                                            Cash Bank & Others
                                                                                                                                   51.30%
                                                   0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00%




                                                                                                           Portfolio
Instrument                                                 Industry                                   % of NAV     Instrument                                                  Industry                                             % of NAV
Equity                                                                                                      8.62   Jaiprakash Associates Ltd                         Realty                                                                    0.13
Reliance Industries Ltd                           Refineries                                                0.68   Oil India Ltd                                     Crude Oil & Natural Gas                                                   0.13
Infosys Technologies Ltd                          IT - Software                                             0.55   Cesc Ltd                                          Power Generation & Distribution                                           0.13
ICICI Bank Ltd                                    Banks                                                     0.54   Aditya Birla Nuvo Ltd                             Textiles                                                                  0.12
HDFC Bank                                         Banks                                                     0.49   Ultratech Cement Ltd                              Cement                                                                    0.12
Larsen And Toubro Ltd                             Capital Goods-Non Electrical Equipment                    0.43   Maruti Suzuki India Ltd                           Automobile                                                                0.11
ITC Ltd                                           Tobacco Products                                          0.40   Bajaj Auto Ltd - New Shs                          Automobile                                                                0.11
State Bank Of India                               Banks                                                     0.36   Hindustan Unilever Ltd                            FMCG                                                                      0.11
Bharat Heavy Electricals Ltd                      Capital Goods - Electrical Equipment                      0.33   Jindal Steel & Power Ltd                          Steel                                                                     0.10
HDFC Ltd                                          Finance                                                   0.30   IVRCL Infrastructures & Projects Ltd              Realty                                                                    0.10
Axis Bank Ltd                                     Banks                                                     0.26   Thermax Limited                                   Capital Goods-Non Electrical Equipment                                    0.09
Sterlite Industries (India) Ltd                   Non Ferrous Metals                                        0.22   Punjab National Bank                              Banks                                                                     0.09
Bank Of Baroda                                    Banks                                                     0.21   Steel Authority Of India Ltd                      Steel                                                                     0.09
Oil & Natural Gas Corp Ltd                        Crude Oil & Natural Gas                                   0.19   Sun Pharmaceutical Industries Ltd                 Pharmaceuticals                                                           0.08
Mahindra And Mahindra Ltd                         Automobile                                                0.19   Government Securities                                                                                                      17.83
Asian Paints (India) Ltd                          Paints/Varnish                                            0.18   7.02% GOI 2016                                    Sovereign                                                                17.13
Crompton Greaves Ltd                              Capital Goods - Electrical Equipment                      0.18   9.39% GOI 2011                                    Sovereign                                                                 0.70
Wipro Ltd                                         IT - Software                                             0.18   Corporate Bonds                                                                                                            51.30
NTPC Ltd                                          Power Generation & Distribution                           0.17   10.00% PFC 2012                                   AAA                                                                      13.08
Gail India Ltd                                    Gas Distribution                                          0.17   10.00% IDFC 2012                                  AAA                                                                      13.06
Grasim Industries Ltd                             Diversified                                               0.17   7.90% RECL 2012                                   AAA                                                                      10.75
Sintex Industries Ltd                             Diversified                                               0.17   8.40% Exim Bank 2010                              AAA                                                                       7.09
Exide Industries Ltd                              Auto Ancillaries                                          0.16   9.68% IRFC 2012                                   AAA                                                                       3.73
Nagarjuna Cons Co Ltd                             Realty                                                    0.15   9.45% LIC Housing 2012                            AAA                                                                       1.83
United Phosphorus Ltd                             Agro Chemicals                                            0.15   7.20% HDFC 2010                                   AAA                                                                       1.76
Nestle India Ltd                                  FMCG                                                      0.15   Cash Bank & Others                                                                                                         22.25
ING Vysya Bank Ltd                                Banks                                                     0.14   Net Assets                                                                                                               100.00

                                                                                                                                                                                                                                                      37
                                                                                                                                                 110% Capital Guarantee Fund
                                                                                                                                                                                                Investment Report April, 2010



                               Debt Investment Style                                                                                                       Equity Investment Style
                                 Credit Quality                                                                                                           Investment Style
            High                             Med                              Low             Interest Rate                             Value                           Blend                          Growth                            Size
                                                                                               Sensitivity
                                                                                                      High                                                                                                                               Large

                                                                                                      Mid                                                                                                                                  Mid

                                                                                                      Low                                                                                                                                Small




                                              Fund Details                                                                                                        Fund Performance
Investment Objective                      : The key objective of the fund is to provide steady                                PERIOD                             DATE                     NAV               NAV Change INDEX Change
                                            returns to the policyholder with the assurance of
                                            protecting the capital at least 110% of the capital.                              Last 1 Month                   31-Mar-10                   10.79                   0.72%                       0.82%
                                                                                                                              Last 3 Months                   29-Jan-10                  10.70                   1.58%                       2.58%
Fund Manager                              : Mr. Saravana Kumar
                                                                                                                              Last 6 Months                  30-Oct-09                   10.65                   2.08%                       4.68%
NAV as on 30 Apr, 10                      : Rs. 10.8688
                                                                                                                              Last 1 Year                    29-Apr-09                   10.51                   3.38%                      10.58%
Benchmark                                 : Nifty - 15%
                                            CRISIL Composite Bond Fund Index - 85%                                            Since Inception                10-Nov-08                   10.00                   5.84%                      13.95%
Corpus as on 30 Apr, 10 : 3.83 Crs.                                                                                         Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                      Sector Allocation                                                                                                               Asset Allocation
                                Banks        2.02%
                          IT - Software   1.15%
                             Refineries   0.87%                                                                                                   25.41%
       Power Generation & Distribution    0.75%
                                  Steel   0.58%
   Capital Goods - Electrical Equipment   0.58%
                            Automobile    0.52%
                     Tobacco Products     0.49%
Capital Goods-Non Electrical Equipment    0.42%                                                                                         9.91%                                                                           Equity
                      Pharmaceuticals     0.31%
                                                                                                                                                                                              41.48%
                                Others       2.22%                                                                                                                                                                      Government Securities
                Government Securities                                            25.41%
                      Corporate Bonds                                                             41.48%
                                                                                                                                                                                                                        Corporate Bonds
                  Cash Bank & Others                                          23.20%
                                                                                                                                                                                                                        Cash Bank & Others
                                     0.00%            10.00%         20.00%         30.00%   40.00%        50.00%                                   23.20%



                                                                                                               Portfolio
Instrument                                                    Industry                                  % of NAV           Instrument                                                  Industry                                             % of NAV
Equity                                                                                                              9.91   Steel Authority Of India Ltd                      Steel                                                                     0.12
Reliance Industries Ltd                              Refineries                                                     0.81   PTC India Ltd                                     Trading                                                                   0.12
Infosys Technologies Ltd                             IT - Software                                                  0.71   IVRCL Infrastructures & Projects Ltd              Realty                                                                    0.12
ICICI Bank Ltd                                       Banks                                                          0.57   Power Grid Corp Of India Ltd                      Power Generation & Distribution                                           0.11
HDFC Bank                                            Banks                                                          0.52   Asian Paints (India) Ltd                          Paints/Varnish                                                            0.11
ITC Ltd                                              Tobacco Products                                               0.49   Aditya Birla Nuvo Ltd                             Textiles                                                                  0.11
State Bank Of India                                  Banks                                                          0.48   Mphasis Ltd                                       IT - Software                                                             0.11
Larsen And Toubro Ltd                                Capital Goods-Non Electrical Equipment                         0.42   Cesc Ltd                                          Power Generation & Distribution                                           0.11
Bharat Heavy Electricals Ltd                         Capital Goods - Electrical Equipment                           0.39   Crompton Greaves Ltd                              Capital Goods - Electrical Equipment                                      0.10
Oil & Natural Gas Corp Ltd                           Crude Oil & Natural Gas                                        0.28   Union Bank Of India                               Banks                                                                     0.10
Bharti Airtel Ltd                                    Telecomm-Service                                               0.27   Dr Reddys Laboratories Ltd                        Pharmaceuticals                                                           0.10
Tata Steel Ltd                                       Steel                                                          0.27   Punjab National Bank                              Banks                                                                     0.09
HDFC Ltd                                             Finance                                                        0.26   HCL Technologies Ltd                              IT - Software                                                             0.09
Axis Bank Ltd                                        Banks                                                          0.25   ABB Ltd                                           Capital Goods - Electrical Equipment                                      0.08
Wipro Ltd                                            IT - Software                                                  0.25   Sun Pharmaceutical Industries Ltd                 Pharmaceuticals                                                           0.08
Mahindra And Mahindra Ltd                            Automobile                                                     0.24   DLF Ltd                                           Construction                                                              0.06
Sterlite Industries (India) Ltd                      Non Ferrous Metals                                             0.24   Indian Oil Corp Ltd                               Refineries                                                                0.06
NTPC Ltd                                             Power Generation & Distribution                                0.22   Corporate Bonds                                                                                                            41.48
Jindal Steel & Power Ltd                             Steel                                                          0.19   9.45% LIC Housing 2012                            AAA                                                                      13.58
Reliance Infrastructure                              Power Generation & Distribution                                0.18   7.40% Infrastructure 2012                         AAA                                                                      13.21
Jaiprakash Associates Ltd                            Realty                                                         0.17   9.20% Power Grid 2015                             AAA                                                                       6.82
Hindustan Unilever Ltd                               FMCG                                                           0.17   8.40% Exim Bank 2010                              AAA                                                                       5.26
Gail India Ltd                                       Gas Distribution                                               0.17   7.20% HDFC 2010                                   AAA                                                                       2.61
Tata Motors Ltd                                      Automobile                                                     0.15   Government Securities                                                                                                      25.41
Grasim Industries Ltd                                Diversified                                                    0.14   7.02 GOI 2016                                     Sovereign                                                                25.41
Cipla Ltd                                            Pharmaceuticals                                                0.13   Cash Bank & Others                                                                                                         23.20
Maruti Suzuki India Ltd                              Automobile                                                     0.13   Net Assets                                                                                                               100.00
Tata Power Co Ltd                                    Power Generation & Distribution                                0.12

                                                                                                                                                                                                                                                              38
                                                                                                                                            Tata AIG Aggressive Flexi Fund
                                                                                                                                                                                              Investment Report April, 2010



                                Debt Investment Style                                                                                                    Equity Investment Style
                                 Credit Quality                                                                                                         Investment Style
             High                            Med                         Low                Interest Rate                             Value                           Blend                          Growth                            Size
                                                                                             Sensitivity
                                                                                                    High                                                                                                                               Large

                                                                                                    Mid                                                                                                                                  Mid

                                                                                                    Low                                                                                                                                Small




                                              Fund Details                                                                                                      Fund Performance
Investment Objective                       : It is a Equity Oriented Balanced Fund which primarily invests in large
                                             cap equity stocks and equity linked instruments along with                     PERIOD                             DATE                     NAV               NAV Change INDEX Change
                                             Government Bonds and highly rated Fixed Income Instruments, with               Last 1 Month                   31-Mar-10                   10.72                   0.92%                       0.76%
                                             an objective to maximize the returns with medium to high risk. The
                                             fund endeavors to offer long term capital appreciation along with the          Last 3 Months                   29-Jan-10                  10.39                   4.08%                       3.88%
                                             stable returns over a long period of time.
Fund Manager                               : Mr. Saravana Kumar
                                                                                                                            Last 6 Months                  30-Oct-09                   10.17                   6.38%                       6.41%
NAV as on 30 Apr, 10                       : Rs. 10.8138                                                                    Last 1 Year                    29-Apr-09                   10.18                   6.27%                      20.31%
Benchmark                                  : Nifty - 35%                                                                    Since Inception                 12-Jan-09                  10.00                   6.22%                      25.72%
                                             CRISIL Composite Bond Fund Index - 65%
Corpus as on 30 Apr, 10                    : 4.34 Crs.                                                                    Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.




                                       Sector Allocation                                                                                                            Asset Allocation
                     Banks         5.39%
              IT - Software      3.26%
                 Refineries    2.14%                                                                                                44.84%
           Pharmaceuticals     1.98%
                                                                                                                                                                                   4.74%
  Capital Goods - Electrical
                 Equipment     1.78%
         Tobacco Products      1.53%
        Capital Goods-Non
      Electrical Equipment     1.23%
                      Steel    1.19%                                                                                                                                                                       Equity
               Automobile      1.15%                                                                                                                                                 21.97%
                Diversified    1.09%                                                                                                                                                                       Government Securities
                    Others               7.71%
    Government Securities
          Corporate Bonds
                                                                                           44.84%
                                                                                                                                                                                                           Corporate Bonds
                                   4.74%
                                                                                                                                       28.44%
       Cash Bank & Others                                   21.97%
                                                                                                                                                                                                           Cash Bank & Others
                          0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00% 45.00% 50.00%




                                                                                                           Portfolio
                                                                     Instrument                                       Industry                                         % of NAV
                                                                     Equity                                                                                                     28.44
                                                                     Reliance Industries Ltd                   Refineries                                                         2.14
                                                                     Infosys Technologies Ltd                  IT - Software                                                      1.89
                                                                     ICICI Bank Ltd                            Banks                                                              1.53
                                                                     ITC Ltd                                   Tobacco Products                                                   1.53
                                                                     HDFC Bank                                 Banks                                                              1.38
                                                                     State Bank Of India                       Banks                                                              1.32
                                                                     Bharat Heavy Electricals Ltd              Capital Goods - Electrical Equipment                               1.15
                                                                     Larsen And Toubro Ltd                     Capital Goods-Non Electrical Equipment                             1.12
                                                                     HDFC Ltd                                  Finance                                                            0.97
                                                                     Sterlite Industries (India) Ltd           Non Ferrous Metals                                                 0.76
                                                                     Other Equity                                                                                               14.64
                                                                     Corporate Bonds                                                                                              4.74
                                                                     9.45% LIC Housing 2012                    AAA                                                                2.40
                                                                     7.90% RECL 2012                           AAA                                                                2.34
                                                                     Government Securities                                                                                      44.84
                                                                     7.02% GOI 2016                            Sovereign                                                        44.84
                                                                     Cash Bank & Others                                                                                         21.97
                                                                     Net Assets                                                                                               100.00

                                                                                                                                                                                                                                                            39
                                                                                                                                                           Tata AIG Stable Flexi Fund
                                                                                                                                                                                               Investment Report April, 2010



                                 Debt Investment Style                                                                                                    Equity Investment Style
                                  Credit Quality                                                                                                         Investment Style
             High                             Med                             Low              Interest Rate                           Value                           Blend                          Growth                            Size
                                                                                                Sensitivity
                                                                                                     High                                                                                                                               Large

                                                                                                        Mid                                                                                                                               Mid

                                                                                                        Low                                                                                                                             Small




                                              Fund Details                                                                                                       Fund Performance
Investment Objective                       : It is a Debt Oriented Balanced Fund which primarily invests in
                                             Government Bonds and highly rated Fixed Income Instruments with                 PERIOD                             DATE                     NAV               NAV Change INDEX Change
                                             some exposure to large cap equity stocks and equity linked
                                             instruments, with an objective to maximize the returns with low to              Last 1 Month                   31-Mar-10                   10.71                   0.85%                       0.82%
                                             medium risk. The fund endeavors to offer stable returns along with
                                             some capital appreciation over a long period of time.
                                                                                                                             Last 3 Months                   29-Jan-10                  10.56                   2.34%                       2.58%
Fund Manager                               : Mr. Saravana Kumar                                                              Last 6 Months                  30-Oct-09                   10.36                   4.36%                       4.68%
NAV as on 30 Apr, 10                       : Rs. 10.8060                                                                     Last 1 Year                    29-Apr-09                   10.24                   5.55%                      10.58%
Benchmark                                  : Nifty - 15%
                                                                                                                             Since Inception                 12-Jan-09                  10.00                   6.16%                      13.84%
                                              CRISIL Composite Bond Fund Index - 85%
                                                                                                                           Note : The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
Corpus as on 30 Apr, 10                    : 4.08 Crs.


                                          Sector Allocation                                                                                                          Asset Allocation
                                 Banks     1.90%
                          IT - Software   1.07%                                                                                                            17.50%
                             Refineries   0.76%
                     Tobacco Products     0.52%
   Capital Goods - Electrical Equipment   0.49%
Capital Goods-Non Electrical Equipment    0.43%
                           Automobile     0.41%                                                                                                                                           26.50%
                            Diversified   0.40%                                                                                                                                                                  Equity
                                FMCG      0.36%
                       Pharmaceuticals    0.36%                                                                                                                                                                  Government Securities
                                Others     1.67%
                                                                                                                                      47.63%
                Government Securities                                                          47.63%                                                                                                            Corporate Bonds
                      Corporate Bonds                           17.50%
                                                                                                                                                                                  8.37%
                   Cash Bank & Others                                       26.50%                                                                                                                               Cash Bank & Others
                                      0.00%        10.00%      20.00%        30.00%   40.00%   50.00%     60.00%




                                                                                                               Portfolio
 Instrument                                                    Industry                                  % of NAV         Instrument                                                  Industry                                             % of NAV
Equity                                                                                                             8.37   Cipla Ltd                                         Pharmaceuticals                                                           0.15
Reliance Industries Ltd                                     Refineries                                             0.76   Bharti Airtel Ltd                                 Telecomm-Service                                                          0.15
Infosys Technologies Ltd                                    IT - Software                                          0.74   United Phosphorus Ltd                             Agro Chemicals                                                            0.15
ICICI Bank Ltd                                              Banks                                                  0.61   Jaiprakash Associates Ltd                         Realty                                                                    0.14
HDFC Bank                                                   Banks                                                  0.59   Dr Reddys Laboratories Ltd                        Pharmaceuticals                                                           0.11
ITC Ltd                                                     Tobacco Products                                       0.52   Cadila Healthcare Ltd                             Pharmaceuticals                                                           0.10
Larsen And Toubro Ltd                                       Capital Goods-Non Electrical Equipment                 0.43   Tata Power Co Ltd                                 Power Generation & Distribution                                           0.10
Axis Bank Ltd                                               Banks                                                  0.31   Jindal Steel & Power Ltd                          Steel                                                                     0.09
Bharat Heavy Electricals Ltd                                Capital Goods - Electrical Equipment                   0.30   Colgate-Palmolive (India) Ltd                     FMCG                                                                      0.09
Oil & Natural Gas Corp Ltd                                  Crude Oil & Natural Gas                                0.26   Hindustan Unilever Ltd                            FMCG                                                                      0.07
Mahindra And Mahindra Ltd                                   Automobile                                             0.26   DLF Ltd                                           Construction                                                              0.02
Sterlite Industries (India) Ltd                             Non Ferrous Metals                                     0.24   Reliance Infrastructure                           Power Generation & Distribution                                           0.01
State Bank Of India                                         Banks                                                  0.23   NTPC Ltd                                          Power Generation & Distribution                                           0.01
Grasim Industries Ltd                                       Diversified                                            0.20   ABB Ltd                                           Capital Goods - Electrical Equipment                                      0.01
Glaxosmithkline Consumer Healthcare Ltd                     FMCG                                                   0.20   Suzlon Energy Ltd                                 Capital Goods - Electrical Equipment                                      0.01
Sintex Industries Ltd                                       Diversified                                            0.20   Reliance Communication Ltd                        Telecomm-Service                                                          0.01
Tata Steel Ltd                                              Steel                                                  0.18   Corporate Bonds                                                                                                            17.50
Bank Of Baroda                                              Banks                                                  0.17   7.90% RECL 2012                                   AAA                                                                       2.49
Crompton Greaves Ltd                                        Capital Goods - Electrical Equipment                   0.17   8.60% PFC 2014                                    AAA                                                                      12.46
Mphasis Ltd                                                 IT - Software                                          0.17   9.45% LIC Housing 2012                            AAA                                                                       2.55
Wipro Ltd                                                   IT - Software                                          0.16   Government Securities                                                                                                      47.63
Gail India Ltd                                              Gas Distribution                                       0.16   7.02% GOI 2016                                    Sovereign                                                                47.63
Maruti Suzuki India Ltd                                     Automobile                                             0.16   Cash Bank & Others                                                                                                         26.50
Aditya Birla Nuvo Ltd                                       Textiles                                               0.15   Net Assets                                                                                                               100.00


                                                                                                                                                                                                                                                             40
                                                                                                                                                                      Tata AIG Apex
                                                                                                                                                                Return Lock-in-Fund
                                                                                                                                                                        Investment Report April, 2010



                        Debt Investment Style                                                                                                Equity Investment Style
                         Credit Quality                                                                                                   Investment Style
          High                      Med                     Low                       Interest Rate                             Value                   Blend              Growth                   Size
                                                                                       Sensitivity
                                                                                         High                                                                                                     Large

                                                                                          Mid                                                                                                       Mid

                                                                                          Low                                                                                                       Small




                                    Fund Details                                                                                                      Asset Allocation
Investment Objective              : Objective is to use the participation in an actively managed                                                                                           Equity
                                    well diversified equity portfolio of large cap companies to
                                                                                                                                        69.83%                                             Corporate Bonds
                                    generate capital appreciation and use high credit quality
                                    debt instruments to lock-in that capital appreciation.                                                                                                 Cash, Bank & Others
Fund Manager                      : Mr. Saravana Kumar
NAV as on 30 Apr, 10              : Rs. 11.2013                                                                                                                            25.35%
Benchmark                         : -
Corpus as on 30 Apr, 10           : 221.95 Crs.
                                                                                                                                                                 4.83%



                                                                                      Sector Allocation
                                                                         Banks                                       14.66%

                                                                   IT - Software                  6.89%

                                                                     Refineries                   6.17%

                                                                   Automobile              4.59%
                                                          Power Generation &              3.71%
                                                                  Distribution
                                                      Capital Goods - Electrical         3.56%
                                                                   Equipment
                                                                       Finance           3.47%

                                                                           Steel         3.42%
                                                            Capital Goods-Non            3.35%
                                                           Electrical Equipment
                                                             Tobacco Products            3.11%

                                                                         Others                                             16.90%

                                                              Corporate Bonds                                                                25.35%

                                                           Cash Bank & Others               4.83%

                                                                              0.00%      5.00%            10.00%   15.00%      20.00%   25.00%        30.00%




                                                                                                      Portfolio
Instrument                                     Industry                                      % of NAV              Instrument                                   Industry                             % of NAV
Equity                                                                                                69.83        Tata Steel Ltd                               Steel                                        1.25
Reliance Industries Ltd                       Refineries                                                   5.59    Tata Power Co Ltd                            Power Generation & Distribution              1.22
Infosys Technologies Ltd                      IT - Software                                                4.93    Cipla Ltd                                    Pharmaceuticals                              1.08
ICICI Bank Ltd                                Banks                                                        4.50    Hindustan Unilever Ltd                       FMCG                                         1.08
Larsen And Toubro Ltd                         Capital Goods-Non Electrical Equipment                       3.35    Crompton Greaves Ltd                         Capital Goods - Electrical Equipment         1.07
State Bank Of India                           Banks                                                        3.32    NTPC Ltd                                     Power Generation & Distribution              1.03
HDFC Bank                                     Banks                                                        3.15    Reliance Infrastructure                      Power Generation & Distribution              1.02
ITC Ltd                                       Tobacco Products                                             3.11    Other Equity(less than 1.00% of corpus)                                                  14.69
HDFC Ltd                                      Finance                                                      2.28    Corporate Bonds                                                                          25.35
Bharat Heavy Electricals Ltd                  Capital Goods - Electrical Equipment                         2.25    National Housing Bank 2018                   AAA                                          6.51
Axis Bank Ltd                                 Banks                                                        2.23    8.84% Power Grid 2019                        AAA                                          4.53
Sterlite Industries (India) Ltd               Non Ferrous Metals                                           1.87    Nabard -ZCB - 2019                           AAA                                          4.33
Bharti Airtel Ltd                             Telecomm-Service                                             1.75    10.60% IRFC 2018                             AAA                                          4.30
Oil & Natural Gas Corp Ltd                    Crude Oil & Natural Gas                                      1.71    9.90% HDFC 2018                              AAA                                          2.41
Gail India Ltd                                Gas Distribution                                             1.55    11.00% PFC 2018                              AAA                                          1.68
Wipro Ltd                                     IT - Software                                                1.51    8.90% Power Grid 2019                        AAA                                          1.59
Jindal Steel & Power Ltd                      Steel                                                        1.47    Cash Bank & Others                                                                        4.83
Mahindra And Mahindra Ltd                     Automobile                                                   1.42    Net Assets                                                                             100.00
Tata Motors Ltd                               Automobile                                                   1.38

                                                                                                                                                                                                                    41
                                                                                                                                                                         Tata AIG Apex
                                                                                                                                                                 Return Lock-in-Fund 2
                                                                                                                                                                             Investment Report April, 2010



                        Debt Investment Style                                                                                                 Equity Investment Style
                         Credit Quality                                                                                                     Investment Style
          High                      Med                   Low                        Interest Rate                              Value                        Blend               Growth               Size
                                                                                      Sensitivity
                                                                                        High                                                                                                          Large

                                                                                         Mid                                                                                                          Mid

                                                                                         Low                                                                                                          Small




                                    Fund Details                                                                                                     Asset Allocation
Investment Objective              : The investment objective for Apex Return Lock-in Fund II is
                                                                                                                                           71.68%                                            Equity
                                    to use the participation in an actively managed well
                                    diversified equity portfolio of large cap companies to                                                                                                   CD/CP’s Bonds
                                                                                                                                                                                             Corporate
                                    generate capital appreciation and use high credit quality
                                    debt instruments to lock-in that capital appreciation. The                                                                                               Cash, Bank & Others
                                    initial asset allocation in equities is targeted at 80% to                                                                                   26.09%
                                    100%.
Fund Manager                      : Mr. Saravana Kumar
NAV as on 30 Apr, 10              : Rs. 10.4106
Benchmark                         : -
Corpus as on 30 Apr, 10           : 88.90 Crs.
                                                                                                                                                                     2.22%



                                                                                         Sector Allocation
                                                                           Banks                                         15.07%
                                                                       Refineries                  6.63%

                                                                     IT - Software                 6.21%

                                                                     Automobile            4.37%

                                                                         Finance           4.38%

                                                                             Steel         4.14%
                                                                  Capital Goods -          4.01%
                                                             Electrical Equipment
                                                              Capital Goods-Non            3.54%
                                                             Electrical Equipment
                                                             Power Generation &            3.59%
                                                                      Distribution
                                                               Tobacco Products           3.29%

                                                                           Others                                             16.46%

                                                                Corporate Bonds                                                                     26.09%

                                                             Cash Bank & Others          2.22%

                                                                               0.00%      5.00%            10.00%    15.00%       20.00%   25.00%       30.00%




                                                                                                    Portfolio
Instrument                                     Industry                                    % of NAV                 Instrument                                        Industry                            % of NAV
Equity                                                                                               71.68          Gail India Ltd                                      Gas Distribution                       1.30
Reliance Industries Ltd                      Refineries                                               6.05          Wipro Ltd                                           IT - Software                          1.28
Infosys Technologies Ltd                     IT - Software                                            4.93          Bank Of Baroda                                      Banks                                  1.28
ICICI Bank Ltd                               Banks                                                    4.28          Tata Power Co Ltd                                   Power Generation & Distribution        1.22
HDFC Bank                                    Banks                                                    3.60          Jaiprakash Associates Ltd                           Realty                                 1.12
Larsen And Toubro Ltd                        Capital Goods-Non Electrical Equipment                   3.54          Hindustan Unilever Ltd                              FMCG                                   1.08
ITC Ltd                                      Tobacco Products                                         3.29          Mahindra And Mahindra Ltd                           Automobile                             1.02
HDFC Ltd                                     Finance                                                  3.08          Reliance Infrastructure                             Power Generation & Distribution        1.01
State Bank Of India                          Banks                                                    2.98          Other Equity (less than 1.00% of corpus)                                                  12.94
Bharat Heavy Electricals Ltd                 Capital Goods - Electrical Equipment                     2.33          Corporate Bonds                                                                           26.09
Axis Bank Ltd                                Banks                                                    2.16          8.60% IRFC 2019                                     AAA                                    5.63
Bharti Airtel Ltd                            Telecomm-Service                                         2.01          8.72% RECL 2019                                     AAA                                    5.61
Tata Steel Ltd                               Steel                                                    1.88          8.60% PFC 2019                                      AAA                                    5.58
Sterlite Industries (India) Ltd              Non Ferrous Metals                                       1.86          Nabard -ZCB - 2019                                  AAA                                    5.40
Tata Motors Ltd                              Automobile                                               1.67          11.00% PFC 2018                                     AAA                                    2.16
Oil & Natural Gas Corp Ltd                   Crude Oil & Natural Gas                                  1.66          8.90% RECL 2019                                     AAA                                    1.70
Jindal Steel & Power Ltd                     Steel                                                    1.42          Cash Bank & Others                                                                         2.22
NTPC Ltd                                     Power Generation & Distribution                          1.35          Net Assets                                                                               100.00
Crompton Greaves Ltd                         Capital Goods - Electrical Equipment                     1.33
                                                                                                                                                                                                                      42
                                                                                     Super 110% Capital Guarantee Fund
                                                                                                                           Investment Report April, 2010



                   Debt Investment Style                                                              Equity Investment Style
                    Credit Quality                                                                    Investment Style
        High               Med                   Low           Interest Rate              Value              Blend                Growth           Size
                                                                Sensitivity
                                                                  High                                                                             Large

                                                                   Mid                                                                              Mid

                                                                   Low                                                                             Small




                            Fund Details                                                                     Maturity Profile
                                                                                              100.00%
Investment Objective    : The key objective of the fund is to provide steady
                          returns to the policyholder with the assurance of                       80.00%
                          protecting the capital at atleast 110% of the capital.
                                                                                                  60.00%
Fund Manager            : Mr. Saravana Kumar
NAV as on 30 Apr, 10    : Rs. 10.0572                                                             40.00%
Benchmark               : Nifty - 15%
                                                                                                  20.00%
                          CRISIL Composite Bond Fund Index - 85%
Corpus as on 30 Apr, 10 : 0.42 Crs.                                                               0.00%
                                                                                                                      Less than 1 Year




                            Rating Profile                                                                  Asset Allocation

                                                       Cash Bank & Others                                                                  Cash Bank & Others




                                       100.00%
                                                                                                                        100.00%




                                                                   Portfolio
                                        Instrument                             Industry                    % of NAV
                                        CASH BANK & OTHERS                                                   100.00
                                        Net Assets                                                           100.00




                                                                                                                                                                43
                                                                                                                                                                                                                       Investment Report April, 2010



                                        BALANCED FUND                                                                                                                                       GROWTH FUND
 Nav as on 30th April 2010: 19.8208                                                                                                             Nav as on 30th April 2010: 24.2028

 PERIOD                                          DATE                                NAV                        NAV Change                      PERIOD                                         DATE                                NAV                        NAV Change

 Last 1 Month                               31-Mar-10                               19.59                             1.19%                     Last 1 Month                               31-Mar-10                              23.90                             1.26%
 Last 3 Months                               29-Jan-10                              18.99                             4.36%                     Last 3 Months                               29-Jan-10                             22.90                             5.71%
 Last 6 Months                               30-Oct-09                              18.63                             6.41%                     Last 6 Months                              30-Oct-09                              22.43                             7.93%
 Last 1 Year                                 29-Apr-09                              16.03                            23.64%                     Last 1 Year                                29-Apr-09                              17.94                            34.93%
 Last 3 Years                                30-Apr-07                              16.07                             7.24%                     Last 3 Years                               30-Apr-07                              19.93                             6.70%
 Since Inception                            02-Mar-04                               10.00                            11.74%                     Since Inception                            02-Mar-04                              10.00                            15.42%
Note : The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.   Note : The investment income and prices may go down as well as up. “Since Inception” and "3-years" period returns are calculated as per CAGR.




                                                                                                                              TAX BENEFIT
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.

                                                                                                                                 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. Pension Short-term Fixed Income,
     ii. Pension Income, iii. Pension Equity, iv. Pension Liquid, v. Pension Balanced, vi. Pension Bond, vii. Pension Growth, are only the names
     of the funds and does not in any way indicate the quality of the contracts, its future prospects or returns.
 12. Interest Rate Sensitivity
                        Less than 3 year duration - Low
                                                                                                                                                                                                                                                                                                Unique Reference Number: L&C/Advt/2010/May/047




                       3 to10 years duration - Medium
                       more than 10 years duration - High
 13. Shading indicates the general representative nature of the portfolio to a particular style or cap".
 14. Whilst every care has been taken in the preparation of this document, it is subject to correction and markets may not perform in a similar
     fashion based on factors influencing the capital and debt markets; hence this review note does not individually confer any legal rights or
     duties.

Insurance is the subject matter of the solicitation

Tata AIG Life Insurance Company Ltd. (Reg. No. 110)
Registered and Corporate Office
Delphi-B Wing, 2nd Floor, Orchard Avenue
Hiranandani Business Park, Powai, Mumbai - 400076                                                                                                                                                                                                                                               44

				
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