Docstoc

lic - PDF

Document Sample
lic - PDF Powered By Docstoc
					YK                                                                                    YK




       Investment Manager : LIC Mutual Fund Asset Management Company Limited
     4th Floor, Industrial Assurance Bldg., Opp. Churchgate Station, Mumbai 400020.
                  Tel. : 22842521/22851661/63. Fax : 22040039/ 22880633.
             Email : jbsamc@bom3.vsnl.net.in, Visit us at www.licmutual.com




          LICMF

       Fl o a te r
                                         LICMF                                LICMF
                                    ULIS                             OPPORTUNITIES
                                  An open ended insurance
                                                                             FUND
                                  linked tax saving scheme




                                                                         F




                                                                                      YK
YK
                                 AUTHORISED COLLECTION / REDEMPTION CENTRES


                                                      l AREA OFFICES l
 l AHMEDABAD : 9375090006, l BANGALORE : 9845172957/ 9342527219 / 9342502327 l CHENNAI : 9382315850, 9381155540
 l  ERNAKULAM : 9895036554 / 9349738881 l       HYDERABAD : 9392471583 / 9390060072 l    INDORE   : 9303283574
 l   KANPUR : 9415060134 / 9336209092 / 9336209091 l           KOLKATA : 9339002578 / 9332114747 / 9339002574
 l MUMBAI : 9321024748 / 9324543832 / 9323181203 / 9323180802 l NASHIK : 9326666788 l NEW DELHI : 9312335655 /
 9313288981 / 9350455141 / 9350455095


                                                    l BUSINESS CENTRE l
l   BHOPAL : 9300380797 l      BHUBANESHWAR : 9338227225 l          CHANDIGARH : 9316065681 l       COIMBATORE : 9282216891 l
DEHRADUN : 9358132483 l GHAZIABAD : 9350192555 l GURGOAN : 9313288981 l HUBLI : 9880058223 l JAIPUR : 9314476770
l   JAMMU : 9419213201 l          KARNAL : 9315563229 l          KOTTAYAM : 9349736595 l           KOZHIKODE: 9349739890 l
LUCKNOW : 9415087505 l              LUDHIANA : 9316938094 l              NAGPUR : 9325266311 l             PATNA : 9835212171
l PONDICHERRY : 9360644001 l PUNE : 9325523480 l RAIPUR : 9301701133 l RANCHI : : 9334861988 l THANE
: 9323180806 l THIRUVANANTHAPURAM :9349739151 l THRISSUR : 9895840430 l VISHAKHAPATNAM : 9393339593


                                                      l KARVY CENTRE l
l Agra : (0562) 2526660/ 2526661 2526662/ 2526663 l Ahmedabad : (079) 26402967/ 26400527/ 26400528/ 26420422 l Allahabad
: (0532) 2561048/ 2561073/ 2561074 l Amritsar : (0183) 5053802/ 5053803/ 5053804/ 5053805 l Bangalore : (080) 36961001/ 25320085/
32008452 l      Bareilly : (0581) 2476809/ 2476797/ 3105161/ 3116949 l        Baroda : (0265) 2225210/ 2225169/ 2225168/ 2361514
l Bhilai : (0788) 2295329/ 2295337/ 2295332/ 3127303 l Bhopal : (0755) 2559337/ 2574731/ 2574569/ 3010728/ 3010725/26/27/ 5272995
l Bhubaneshwar : (0674) 2547532/ 2547533/ 2547531 l Calicut : (0495) 2742107/ 2742141/ 2742105/7 l Chandigarh : (0172)
5071726/ 5071727/ 5071728 l Chennai : (044) 42028514/ 42028513/ 42028512/ 42028858 l Cochin : (0484) 2310884/ 2322152/ 3119747/
2316406/ 4010224/ 4010273 l      Coimbatore : (0422) 2237501/ 2237502/ 2237503/ 4377211 l Dehradun : (0135) 3098113/ 3958246/
3258246 l Dharwad : (0836) 3299866/ 2744207/ 2744208 l Ghaziabad : (0120) 2701886/ 2701891l Panjim (Goa) : (0832) 2426871/
2426872/ 2426873/ 2426874/ 2426870/ 3950660 l        Gurgaon : (0124) 5083854 l       Gwalior : (0751) 5069004/ 3112543/ 5069001
l Hubli : (0836) 2353962/ 2353974/ 2353975/ 2356201/ 2356202/ 2353961 l Hyderabad : (040) 23312454 l Indore : (0731) 3014204/
5/5069894/ 2431254/ 5069891/ 5069893/ 2547618 l Jaipur : (0141) 2363321/ 2375039 l Jalandhar : (0181) 5000771/ 5000772/ 5000773/
5000774/ 3315124 l       Kanpur : (0512) 3127111/ 3096000/ 3296000/ 3293222 l        Kolkata : (033) 24659263/ 24659267/ 39518643
l Kota : (0744) 2365144/ 2365145/ 2365146 l Kottayam : (0481) 2302420/ 2302421 l Lucknow : (0522) 3949039/ 2236819/ 2236820/
2236821 l     Ludhiana : (0161) 3018445/ 3018460/ 5034810/ 5034811/ 5034812 l Madurai : (0452) 2600853/54/ 2600851/ 02600856/
2600852 l       Mangalore : (0824) 2496701/ 5279322/ 2492302/ 2496701/ 4279322 l               Meerut : (0121) 2520068/ 3952943
l Mumbai : (022) 56382666/ 56341967/ 56346513 l Mysore : (0821) 2441520/ 2441524/ 2438006 l Nagpur : (0712) 5656102/ 5656103/
5656101/ 5610513/ 5612375/ 74 l Nasik : (0253) 2577811 / 5602542/ 5602543/ 5602544 l New Delhi : (011) 23324401/ 23737194/ 51511627
l Patna : (0612) 2321354/ 2321356/ 2321355 l Pondicherry : (0413) 2220636/ 2220633/ 2220644/ 2220640 l Pune : (020) 4028431/
25456870/1321./ 25456870/ 56028432./ 25660793/4/ 25676817/ l Raipur : (0771) 2236696/ 2236694/ 2236695 / l Rajkot : (0281) 2233179/
2294316/ 2239338 l Ranchi : (0651) 2330386/ 2330394/ 2331320 l Surat : (0261) 3017155/ 3017156 l Trichur : (0487) 2322483/
2322484 l       Trichy : (0431) 2793800/ 2792800/ 2793799/ 4020227 l            Trivandrum : (0471) 2725987/ 2725989/ 2725991
l Varanashi : (0542) 2225365/ 2223814 l Visakhapatnam : (0891) 2513362/ 2752916/ 2752917/ 2752918/




                                                        REGISTRARS
                                           M/s. Karvy Computershare Pvt. Ltd.
                                                  Unit : LIC Mutual Fund
                                             Karvy Plaza, House No. 8-2-596,
                                           Avenue 4, Street No. 1, Banjara Hills,
                                                    Hyderabad - 500 034.
                                               Tel. : 23312454/ 23320751/ 52
                                                        Fax : 23311968
1. LICMF Bond Fund                                                                                            2. LICMF G - Sec Fund
 Investment objective:                 The primary investment objective of the scheme is to generate           Investment objective:                         The primary investment objective of the scheme is to generate
                                       reasonable returns for its investors through investments                                                              credit risk free and reasonable returns for its investors through
                                       mainly in fixed income securities. This shall be one of the                                                           investments in sovereign securities issued by the Central and/
                                       fundamental attributes of the scheme.                                                                                 or State Government and/or any security unconditionally
                                                                                                                                                             guaranteed by the Central/State Government for repayment of
 Asset Allocation Pattern              Type of Instruments                 Normal Allocation                                                                 Principal and Interest and/or reverse repos in such securities
                                                                                                                                                             as and when permitted by RBI.
 of the Scheme:                                                            (% of net assets)

                                                                                                               Asset Allocation                              Type of Instruments               Normal Allocation
                                       Debt                                60 - 100
                                                                                                               Pattern of the Scheme:                                                          (% of net assets)
                                       Money mkt.                          0 - 40
                                                                                                                                                             G - Sec                           Upto 100
                                       Note: Debt includes securitised debt & government
                                                                                                                                                             Debt / MM                         Upto 40
                                       securities
                                                                                                                                                             Note: Debt includes securitised debt.
 Plan and Option                       1 Dividend
                                                                                                               Plan and Option                               Plan:                             Options:
                                       2 Growth
                                                                                                                                                             1 Regular Plan                    • Dividend
 Minimum application                   Plan /             Fresh    Additional            Repurchase
 Amount / Number of Units:             Option             Purchase Purchase                                                                                  2 PF Plan                         • Growth

                                       Dividend           5000         500               Not Applicable        Minimum application                           Plan /            Fresh    Additional            Repurchase
                                                                                                               Amount / Number of Units:                     Option            Purchase Purchase
                                       Growth             5000             500           Not Applicable
                                                                                                                                                             Dividend          10000           1000           Not Applicable
 Benchmark Index:                      C CompBex
                                                                                                                                                             Growth            10000           1000           Not Applicable
 Fund Manager                          Mr. Ashish Kumar
                                                                                                               Benchmark Index:                              I-Sec Composite Gilt
 Performance of the scheme             Compounded                    Scheme               Benchmark
 (as on 31.08.2006)                    annualized returns            returns (%)          returns (%)          Fund Manager                                  Mr. Ashish Kumar

                                       Last 1 year                   5.91                 3.12                 Performance of the                            Compounded                    Scheme              Benchmark
                                                                                                               scheme (as on 31.08.2006)                     annualized returns            returns (%)         returns (%)
                                       Last 3 year                   3.87                 2.80
                                                                                                                                                             Last 1 year                   4.36                3.12
                                       Since Inception               9.51                 5.62
                                                                                                                                                             Last 3 year                   2.42                2.80

                                       LICMF Bond Fund                                                                                                       Since Inception               9.43                1.19


                 10.00                                                                                                                                       LICMF G - Sec Fund
                  8.00
                                                                                                                                      10.00
    Return (%)




                  6.00                                                                                                                 9.00
                                                                                 Scheme returns (%)                                    8.00
                                                                                 Benchmark returns (%)                                 7.00
                                                                                                                        Returns (%)




                  4.00
                                                                                                                                       6.00
                                                                                                                                                                                                  Sc heme returns (%)
                                                                                                                                       5.00
                  2.00                                                                                                                                                                            Benc hmark returns (%)
                                                                                                                                       4.00
                                                                                                                                       3.00
                  0.00
                                                                                                                                       2.00
                         Last 1 year   Last 3 year       Since Inception                                                               1.00
                                                                                                                                       0.00
                                                                                                                                              Las t 1 year    Las t 3 year   Since Inception

 Expenses of the Scheme:
                                                                                                               Expenses of the Scheme:
 Load Structure:                       Entry Load: Nil

                                       Exit Load:                                                              Load Structure:                               Entry Load: Nil

                                       •    0.50% if exit within 6 months from the date of                                                                   Exit Load: (Regular Plan)
                                            allotment for investment <= 50 lakh;                                                                             • 0.50% if exit within 3 months from the date of allotment for
                                                                                                                                                               investment <= 50 lakh;
                                       •    0.25% if exit within 3 months from the date of
                                            allotment for investment > 50 lakh and < or = 5 Crore;                                                           • Nil for investment > 50 lakh.
                                       •    0.10% for investment > 5 Crore if exit within 1 month                                                            Exit Load: (PF Plan)
                                            from the date of allotment.
                                                                                                                                                             • 1% if exit within 365 days from the date of allotment.
 Recurring Expenses:                   First Rs. 100 Crore                  2.25%
                                                                                                               Recurring Expenses:                           First Rs. 100 Crore               2.25%
                                       Next Rs. 300 Crore                  2.00%
                                                                                                                                                             Next Rs. 300 Crore                2.00%
                                       Next Rs. 300 Crore                  1.75%
                                                                                                                                                             Next Rs. 300 Crore                1.75%
                                       Balance                             1.50%                                                                             Balance                           1.50%
                                       Actual expenses of the previous financial year: 1.47                                                                  Actual expenses of the previous financial year: 0.97

 Daily NAV Publication:                The NAV will be declared on all business days and will be               Daily NAV Publication:                        The NAV will be declared on all business days and will be
                                       published in 2 news papers. NAV can also be viewed on                                                                 published in 2 news papers. NAV can also be viewed on
                                       www.licmutual.com and www.amfiindia.com                                                                               www.licmutual.com and www.amfiindia.com

 Unitholders’ Information:             Account statement (on each transaction), Annual financial               Unitholders’ Information:                     Account statement (on each transaction), Annual financial
                                       results, and Half yearly portfolio disclosures shall be                                                               results, and Half yearly portfolio disclosures shall be provided
                                       provided to investors by post.                                                                                        to investors by post.

 Risk Profile:                         Mutual Fund investments are subject to market risks. Please             Risk Profile:                                 Mutual Fund investments are subject to market risks. Please
                                       read the offer document carefully for details on risk factors.                                                        read the offer document carefully for details on risk factors.

                                                                                                          1

 dtp7\d\devendra\lic\kimjune 2006 page 1-13
3. LICMF Children’s Fund                                                                                          4. LICMF Liquid Fund

 Investment objective:                       The investment Objective of the LICMF Children’s Fund is              Investment objective:                   Investment objective of the scheme is to generate
                                             to provide for long term growth of capital through a judicious                                                reasonable returns with low risk and high liquidity through
                                             mix of investments in quality debt securities and equities                                                    judicious mix of investment in money market instruments
                                             with relatively low levels of risk.                                                                           and quality debt instruments.

 Asset Allocation                            Type of Instruments             Normal Allocation                     Asset Allocation                        Type of Instruments           Normal Allocation
 Pattern of the Scheme:                                                      (% of net assets)                     Pattern of the Scheme:                                                (% of net assets)

                                                                                                                                                           Money mkt.                    60 - 100
                                             Debt/Money Market               Up to 100
                                                                                                                                                           Debt                          0 - 40
                                             Equity                          Up to 70
                                                                                                                                                           Note: Debt includes securitised debt & government
                                                                                                                                                           securities
                                             Note: Debt includes securitised debt & government securities
                                                                                                                   Plan and Option                         1 Dividend
 Plan and Option                             Growth
                                                                                                                                                           2 Growth
 Minimum application                        Plan /             Fresh    Additional         Repurchase
 Amount / Number of Units:                  Option             Purchase Purchase                                   Minimum application                     Plan /            Fresh    Additional       Repurchase
                                                                                                                   Amount / Number of Units:               Option            Purchase Purchase
                                             Growth            5000         500            Not Applicable
                                                                                                                                                           Dividend          25000      500            Not Applicable
 Benchmark Index:                            C Balance Ex
                                                                                                                                                           Growth            25000      500            Not Applicable
 Fund Manager                                Mr. Ashish Kumar
                                                                                                                   Benchmark Index:                        C Fund ~ LX
 Performance of the                          Compounded                    Scheme Benchmark
 scheme (as on 31.08.2006)                   annualized returns            returns (%) returns (%)                 Fund Manager                            Mr. Ashish Kumar

                                             Last 1 year                   4.33             22.65                  Performance of the                      Compounded                 Scheme            Benchmark
                                                                                                                   scheme (as on 31.08.2006)               annualized returns         returns (%)       returns (%)
                                             Last 3 year                   5.39             22.93

                                             Since Inception               7.18             19.63                                                          Last 1 year                6.51              5.52

                                                                                                                                                           Last 3 year                5.66              4.66

                                          LICMF Children's Fund                                                                                            Since Inception            6.07              4.98

                    25.00
                                                                                                                                                         LICMF Liquid Fund
                    20.00
      Returns (%)




                    15.00
                                                                                  Scheme returns (%)
                                                                                                                                    7.00
                                                                                                                                    6.00
                    10.00                                                         Benchmark returns (%)
                                                                                                                      Returns (%)




                                                                                                                                    5.00
                                                                                                                                    4.00                                                  Scheme returns (%)
                     5.00
                                                                                                                                    3.00                                                  Benchmark returns (%)
                     0.00                                                                                                           2.00
                            Last 1 year     Last 3 year          Since                                                              1.00
                                                               Inception                                                            0.00
                                                                                                                                           Last 1 year   Last 3 year       Since
                                                                                                                                                                         Inception
 Expenses of the Scheme:

 Load Structure:                             Entry Load: Nil
                                                                                                                   Expenses of the Scheme:
                                             Exit Load:
                                             • 1.00% if exit within 3 years from the date of allotment;            Load Structure:                         Entry Load: Nil

                                             • Nil after 3 years from the date of allotment;                                                               Exit Load: Nil

 Recurring Expenses:                         First Rs. 100 Crore             2.25%                                 Recurring Expenses:                     First Rs. 100 Crore           2.25%

                                             Next Rs. 300 Crore              2.00%                                                                         Next Rs. 300 Crore            2.00%

                                             Next Rs. 300 Crore              1.75%                                                                         Next Rs. 300 Crore            1.75%

                                             Balance                         1.50%                                                                         Balance                       1.50%

                                             Actual expenses of the previous financial year: 2.30                                                          Actual expenses of the previous financial year: 0.50

 Daily NAV Publication:                      The NAV will be declared on all business days and will be             Daily NAV Publication:                  The NAV will be declared on all days. The NAV of week
                                             published in 2 news papers. NAV can also be viewed on                                                         days will be published in 2 news papers. NAV can also be
                                             www.licmutual.com and www.amfiindia.com                                                                       viewed on www.licmutual.com and www.amfiindia.com

 Unitholders’ Information:                   Account statement (on each transaction), Annual financial             Unitholders’ Information:               Account statement (on each transaction), Annual financial
                                             results, and Half yearly portfolio disclosures shall be                                                       results, and Half yearly portfolio disclosures shall be
                                             provided to investors by post.                                                                                provided to investors by post.

 Risk Profile:                               Mutual Fund investments are subject to market risks.                  Risk Profile:                           Mutual Fund investments are subject to market risks.
                                             Please read the offer document carefully for details on risk                                                  Please read the offer document carefully for details on risk
                                             factors.                                                                                                      factors.

                                                                                                              2

 dtp7\d\devendra\lic\kimjune 2006 page 1-13
5. LICMF Short Term Plan                                                                                    6. LICMF Floating Rate Fund
 Investment objective:                   The investment objective of the Scheme is to generate               Investment objective:                  The investment objective of the Scheme is to generate
                                         income by investing in a portfolio of quality short term                                                   consistent return by investing mainly in a floating rate
                                         debt securities. There can be no assurance that the                                                        instruments / fixed rate instruments swapped for floating rate
                                         investment objective of the Scheme will be realised.                                                       return so as to minimise the interest rate risk for the investor.

 Asset Allocation                        Type of Instruments           Normal Allocation                     Asset Allocation                       Type of Instruments                       Normal Allocation
 Pattern of the Scheme:                                                (% of net assets)                     Pattern of the Scheme:                                                           (% of net assets)

                                                                                                                                                    Floating rate or fixed rate
                                         Debt / MM                     Upto 100
                                                                                                                                                    instruments swapped for
                                                                                                                                                    floating rate debt.                       65 to 100%
                                         Note: Debt includes securitised debt & government
                                         securities                                                                                                 Fixed rate debt or money
                                                                                                                                                    market instruments such
 Plan and Option                         1 Dividend                                                                                                 as Coporate bonds, Gilts, CP
                                                                                                                                                    CD, call money market or any
                                         2 Growth                                                                                                   other instruments as permitted
                                                                                                                                                    by SEBI from time to time.                0 to 35%
 Minimum application                     Plan /            Fresh    Additional       Repurchase                                                     Note: Debt includes securitised debt.
 Amount / Number of Units:               Option            Purchase Purchase
                                                                                                             Plan and Option                        1 Dividend
                                         Dividend          10000      1000           Not Applicable
                                                                                                                                                    2 Growth
                                         Growth            10000      1000           Not Applicable
                                                                                                             Minimum application                    Plan /            Fresh    Additional           Repurchase
 Benchmark Index:                        C St Index                                                          Amount / Number of Units:              Option            Purchase Purchase

 Fund Manager                            Mr. Ashish Kumar                                                                                           Dividend          5000         500              Not Applicable

 Performance of the                      Compounded                 Scheme            Benchmark                                                     Growth            5000         500              Not Applicable
 scheme (as on 31.08.2006)               annualized returns         returns (%)       returns (%)
                                                                                                             Benchmark Index:                       C Fund - LX
                                         Last 1 year                4.99              4.72
                                                                                                             Fund Manager                           Mr. Ashish Kumar
                                         Since Inception            4.69              4.55
                                                                                                             Performance of the                     Compounded                    Scheme             Benchmark
                                                                                                             scheme (as on 31.08.2006)              annualized returns            returns (%)        returns (%)

                                  LICMF Short Term Plan                                                                                             Last 1 year                   6.54               5.52

                    5.10                                                                                                                            Since Inception               5.88               4.98
                    5.00
                    4.90
                                                                                                                                           LICMF Floating Rate Fund
                    4.80
      Returns (%)




                                                                           Scheme returns (%)
                    4.70
                                                                           Benchmark returns (%)                               7.00
                    4.60                                                                                                       6.00
                    4.50                                                                                                       5.00
                                                                                                                 Returns (%)




                    4.40                                                                                                       4.00                                                      Scheme returns (%)
                    4.30                                                                                                       3.00                                                      Benchmark returns (%)
                           Last 1 year          Since Inception                                                                2.00
                                                                                                                               1.00
                                                                                                                               0.00
                                                                                                                                      Last 1 year            Since Inception
 Expenses of the Scheme:

 Load Structure:                         Entry Load: Nil
                                                                                                             Expenses of the Scheme:
                                         Exit Load: Nil
                                                                                                             Load Structure:                        Entry Load: Nil
 Recurring Expenses:                     First Rs. 100 Crore           2.25%
                                                                                                                                                    Exit Load: Nil
                                         Next Rs. 300 Crore            2.00%
                                                                                                             Recurring Expenses:                    First Rs. 100 Crore              2.25%
                                         Next Rs. 300 Crore            1.75%
                                                                                                                                                    Next Rs. 300 Crore               2.00%
                                         Balance                       1.50%                                                                        Next Rs. 300 Crore               1.75%

                                         Actual expenses of the previous financial year: 0.50                                                       Balance                          1.50%

 Daily NAV Publication:                  The NAV will be declared on all business days and will be                                                  Actual expenses of the previous financial year: 0.50
                                         published in 2 news papers. NAV can also be viewed on
                                         www.licmutual.com and www.amfiindia.com                             Daily NAV Publication:                 The NAV will be declared on all business days and will be
                                                                                                                                                    published in 2 news papers. NAV can also be viewed on
 Unitholders’ Information:               Account statement (on each transaction), Annual financial                                                  www.licmutual.com and www.amfiindia.com
                                         results, and Half yearly portfolio disclosures shall be
                                                                                                             Unitholders’ Information:              Account statement (on each transaction), Annual financial
                                         provided to investors by post.
                                                                                                                                                    results, and Half yearly portfolio disclosures shall be provided
                                                                                                                                                    to investors by post.
 Risk Profile:                           Mutual Fund investments are subject to market risks.
                                         Please read the offer document carefully for details on risk        Risk Profile:                          Mutual Fund investments are subject to market risks. Please
                                         factors.                                                                                                   read the offer document carefully for details on risk factors.

                                                                                                        3

 dtp7\d\devendra\lic\kimjune 2006 page 1-13
7. LICMF Monthly Income Plan                                                                                                   8. LICMF Equity Fund
 Investment objective:                              The investment objective of the Scheme is to generate regular               Investment objective:                                  The main investment objective of the scheme is to provide
                                                    returns by investing mainly in a portfolio of quality Debt                                                                         capital growth by investing mainly in equities. The investment
                                                    securities and money market instruments. The scheme also                                                                           portfolio of the scheme will be constantly monitored and
                                                    seeks to generate capital appreciation by investing some                                                                           reviewed to optimise capital growth.
                                                    percentage in a mix of equity instruments. There can be no
                                                    assurance that the investment objective of the Scheme will
                                                                                                                                Asset Allocation                                       Type of Instruments                       Normal Allocation
                                                    be realised.
                                                                                                                                Pattern of the Scheme:                                                                           (% of net assets)
 Asset Allocation                                   Type of Instruments                 Normal Allocation                                                                              Equity                                    Up to 100
 Pattern of the Scheme:                                                                 (% of net assets)
                                                                                                                                                                                       Debt / Money mkt.                         Up to 20
                                                    Debt / MM                           Upto 100
                                                                                                                                                                                       Note: Debt includes securitised debt & government securities
                                                    Equity                              Upto 15

                                                    Note: Debt includes securitised debt                                        Plan and Option                                        1 Dividend

                                                                                                                                                                                       2 Growth
 Plan and Option                                    1 Monthly dividend
                                                    2 Quarterly dividend                                                        Minimum application                                    Plan /                  Fresh    Additional               Repurchase
                                                                                                                                Amount / Number of Units:                              Option                  Purchase Purchase
                                                    3 Yearly dividend
                                                    4 Growth                                                                                                                           Dividend                2000            200               Not Applicable

                                                                                                                                                                                       Growth                  2000            200               Not Applicable
 Minimum application                                Plan /                   Fresh       Additional      Repurchase
 Amount / Number of Units:                          Option                   Purchase    Purchase
                                                                                                                                Benchmark Index:                                       BSE Sensex
                                                    Monthly dividend         25000       1               Not Applicable
                                                                                                                                Fund Manager                                           Mr. Nagendra Singh
                                                    Quarterly dividend       15000       1               Not Applicable
                                                    Yearly dividend          10000       1               Not Applicable         Performance of the                                     Compounded                             Scheme              Benchmark
                                                                                                                                scheme (as on 31.08.2006)                              annualized returns                     returns (%)         returns (%)
                                                    Growth                   5000        1               Not Applicable
                                                                                                                                                                                       Last 1 year                            14.12               49.88
 Benchmark Index:                                   C MiPex
                                                                                                                                                                                       Last 3 year                            26.59               40.08
 Fund Manager                                       Mrs. Bichitra Mahapatra
                                                                                                                                                                                       Last 5 year                            27.93               29.22
 Performance of the                                 Compounded                       Scheme              Benchmark
 scheme (as on 31.08.2006)                          annualized returns               returns (%)         returns (%)                                                                   Since Inception                        9.71                10.08

                                                    Last 1 year                      12.01               8.92
                                                                                                                                                                                   L IC M F E q u ity F u n d
                                                    Since Inception                  10.55               9.17
                                                                                                                                                   60 .00

                                                                                                                                                   50 .00
                                     L IC M F M o n th ly In c o m e P la n
                                                                                                                                  R e tu rn s (%




                                                                                                                                                   40 .00
                                                                                                                                                                                                                                      Sc heme returns (% )
                        1 4.00                                                                                                                     30 .00
                                                                                                                                                                                                                                      Be nc hmark retu rns (% )
                        1 2.00                                                                                                                     20 .00
     R e t u rn s ( %




                        1 0.00                                                                                                                     10 .00
                         8 .0 0                                                          S c h eme r etu r ns ( % )                                 0.0 0
                         6 .0 0                                                          B en c h mar k r etur n s ( % )                                    La s t 1 y ear   La s t 3 y ear   La s t 5 y ear      Sin c e
                         4 .0 0                                                                                                                                                                                 Inc eptio n

                         2 .0 0
                         0 .0 0                                                                                                 Expenses of the Scheme:
                                  L as t 1 y ea r            S in c e In c e ption

                                                                                                                                Load Structure:                                        Entry Load :
 Expenses of the Scheme:
                                                                                                                                                                                       Investment upto 1 Crore                   : 2.25%

 Load Structure:                                    Entry Load: Nil
                                                                                                                                                                                       Investment above 1 Crore                  : Nil
                                                    Exit Load:
                                                    • 0.50% for investments <= 25 lakh if exit within 6 months                                                                         Exit Load                                 : Nil
                                                      from the date of allotment;
                                                    • 0.25% for investments > 25 lakh if exit within 3 months
                                                      from the date of allotment
                                                                                                                                Recurring Expenses:                                    First Rs. 100 Crore                       2.50%
 Recurring Expenses:                                First Rs. 100 Crore                 2.25%
                                                                                                                                                                                       Next Rs. 300 Crore                        2.25%
                                                    Next Rs. 300 Crore                  2.00%
                                                                                                                                                                                       Next Rs. 300 Crore                        2.00%
                                                    Next Rs. 300 Crore                  1.75%
                                                                                                                                                                                       Balance                                   1.75%
                                                    Balance                             1.50%
                                                                                                                                                                                       Actual expenses of the previous financial year: 2.39
                                                    Actual expenses of the previous financial year: 2.04
                                                                                                                                Daily NAV Publication:                                 The NAV will be declared on all business days and will be
 Daily NAV Publication:                             The NAV will be declared on all business days and will be                                                                          published in 2 news papers. NAV can also be viewed on
                                                    published in 2 news papers. NAV can also be viewed on                                                                              www.licmutual.com and www.amfiindia.com
                                                    www.licmutual.com and www.amfiindia.com
                                                                                                                                Unitholders’ Information:                              Account statement (on each transaction), Annual financial
 Unitholders’ Information:                          Account statement (on each transaction), Annual financial                                                                          results, and Half yearly portfolio disclosures shall be provided
                                                    results, and Half yearly portfolio disclosures shall be provided                                                                   to investors by post.
                                                    to investors by post.
                                                                                                                                Risk Profile:                                          Mutual Fund investments are subject to market risks. Please
 Risk Profile:                                      Mutual Fund investments are subject to market risks. Please                                                                        read the offer document carefully for details on risk factors.
                                                    read the offer document carefully for details on risk factors.

                                                                                                                           4

 dtp7\d\devendra\lic\kimjune 2006 page 1-13
9. LICMF Growth Fund                                                                                          10. LICMF Floater MIP
 Investment objective:                   The main investment objective of the scheme is to provide             Investment objective:        The investment objective of the scheme is to generate regular income by investing
                                         capital growth by investing mainly in equities and also in                                         mainly in floating rate instruments / fixed rate instruments swapped for floating rate
                                         debt and other permitted instruments of capital and money                                          return so as to minimise the interest rate risk and at the same time aiming at
                                         markets. The investment portfolio of the scheme will be                                            generating capital appreciation in a long term by investing in equity / equity related
                                         constantly monitored and reviewed to optimise capital                                              instruments.
                                         growth.
                                                                                                               Asset Allocation Pattern     Type of Instruments                                           Normal Allocation
                                                                                                               of the Scheme:                                                                             (% of net assets)
 Asset Allocation                        Type of Instruments              Normal Allocation
 Pattern of the Scheme:                                                   (% of net assets)                                                 Plan - A:
                                                                                                                                            Floating rate or fixed rate instruments swapped               65 - 100
                                         Equity                           Up to 100
                                                                                                                                            for floating rate debt or money market
                                                                                                                                            instruments such as Coporate bonds, Gilts, CP,
                                         Debt / Money mkt.                Up to 20
                                                                                                                                            CD, call money or any other instruments as
                                                                                                                                            permitted by SEBI from time to time.
                                         Note: Debt includes securitised debt & government
                                         securities                                                                                         Fixed rate debt or money market instruments                   0 - 35
                                                                                                                                            such as Coporate bonds, Gilts, CP, CD, call
 Plan and Option                         1 Dividend                                                                                         money market or any other instruments as
                                                                                                                                            permitted by SEBI from time to time.
                                         2 Growth                                                                                           Equity and equity related instruments                         0 - 20
                                                                                                                                            Plan - B:
 Minimum application                     Plan /            Fresh    Additional           Repurchase
 Amount / Number of Units:               Option            Purchase Purchase                                                                Floating rate or fixed rate instruments swapped               65 - 100
                                                                                                                                            for floating rate debt or money market
                                         Dividend          2000          Re. 1/-         Not Applicable                                     instruments such as Coporate bonds, Gilts, CP,
                                                                                                                                            CD, call money or any other instruments
                                         Growth            2000          Re. 1/-         Not Applicable                                     as permitted by SEBI from time to time.
                                                                                                                                            Fixed rate debt or money market instruments                   0 - 35
 Benchmark Index:                        BSE Sensex                                                                                         such as Coporate bonds, Gilts, CP, CD,
                                                                                                                                            call money market or any other instruments as
 Fund Manager                            Mr. Nagendra Singh                                                                                 permitted by SEBI from time to time.
                                                                                                                                            Equity and equity related instruments                         0 - 10
 Performance of the                      Compounded                     Scheme            Benchmark
 scheme (as on 31.08.2006)               annualized returns             returns (%)       returns (%)                                       Note: Debt includes securitised debt
                                                                                                               Plan and Option              Plans:                                      Options:
                                         Last 1 year                    23.41             49.88
                                                                                                                                            1 Plan A                                    1 Monthly dividend
                                         Last 3 year                    37.26             40.08
                                                                                                                                            2 Plan B                                    2 Quarterly dividend
                                         Last 5 year                    37.37             29.22                                                                                         3 Yearly dividend

                                         Since Inception                10.03             10.08                                                                                         4 Growth

                                                                                                               Minimum application          Option                       Fresh              Additional         Repurchase
                                     LICMF Grow th Fund                                                        Amount / Number of Units:                                 Purchase           Purchase
                                                                                                                                                                         in Rs.             in Rs.
                   60.00                                                                                                                    Monthly dividend             25000              1                  Not Applicable
                   50.00
                                                                                                                                            Quarterly dividend           15000              1                  Not Applicable
   Retu rns (% )




                   40.00
                                                                                Scheme returns (% )                                         Yearly dividend              10000              1                  Not Applicable
                   30.00
                                                                                Benchmark returns (% )
                   20.00
                                                                                                                                            Growth                       5000               1                  Not Applicable
                   10.00                                                                                       Benchmark Index:             C MiPex
                    0.00
                           Last 1   Last 3        Last 5      Since                                            Fund Manager                 Mrs. Bichitra Mahapatra
                           year      year          year     Inception
                                                                                                               Performance of the scheme    Please refer to the performance our other related schemes like LICMF
                                                                                                               (as on 31.08.2006)           Monthly Income Plan & LICMF Floating Rate Fund given in this document.
 Expenses of the Scheme:
                                                                                                               Expenses of the Scheme:
 Load Structure:                         Entry Load :                                                          Load Structure:              Entry Load: Nil
                                         Investment upto 1 Crore          : 2.25%
                                         Investment above 1 Crore         : Nil                                                             Exit Load:
                                         Exit Load                        : Nil
                                                                                                                                            • For application size upto 25 lakh: 0.50% if exit within 6 months from the date of
                                                                                                                                              allotment
                                                                                                                                            • For application size > 25 lakh 0.25% if exit within 3 months from the date of
                                                                                                                                              allotment


                                                                                                               Recurring Expenses:          The initial issue expenses of more than 1% will be borne by the AMC
 Recurring Expenses:                     First Rs. 100 Crore               2.50%
                                                                                                                                            First Rs. 100 Crore                         2.25%
                                         Next Rs. 300 Crore                2.25%
                                                                                                                                            Next Rs. 300 Crore                          2.00%
                                         Next Rs. 300 Crore                2.00%
                                                                                                                                            Next Rs. 300 Crore                          1.75%
                                         Balance                          1.75%
                                                                                                                                            Balance                                     1.50%
                                         Actual expenses of the previous financial year: 2.50
                                                                                                                                            Actual expenses of the previous financial year          : Plan A - 1.88
 Daily NAV Publication:                  The NAV will be declared on all business days and will be                                                                                                    Plan B - 1.85
                                         published in 2 news papers. NAV can also be viewed on
                                         www.licmutual.com and www.amfiindia.com                               Daily NAV Publication:       The NAV will be declared on all business days and will be published in 2 news papers.
                                                                                                                                            NAV can also be viewed on www.licmutual.com and www.amfiindia.com
 Unitholders’ Information:               Account statement (on each transaction), Annual financial
                                         results, and Half yearly portfolio disclosures shall be               Unitholders’ Information :   Account statement (on each transaction), Annual financial results, and Half yearly
                                         provided to investors by post.                                                                     portfolio disclosures shall be provided to investors by post.

 Risk Profile:                           Mutual Fund investments are subject to market risks. Please           Risk Profile:                Mutual Fund investments are subject to market risks. Please read the offer document
                                         read the offer document carefully for details on risk factors.                                     carefully for details on risk factors.

                                                                                                          5

 dtp7\d\devendra\lic\kimjune 2006 page 1-13
11. LICMF Balanced Fund                                                                                             12. LICMF Tax Plan
 Investment objective:                         An open ended Income and Growth scheme which seeks                    Investment objective:                      Investment objective of the scheme is to provide capital
                                               to provide regular returns and capital appreciation                                                              growth along with tax rebate and tax relief to our investors
                                               according to the selection of plan by investing in Debt                                                          through prudent investments in the stock markets.
                                               and Equity instruments.
                                                                                                                     Asset Allocation                           Type of Instruments              Normal Allocation
 Asset Allocation                              Type of Instruments               Normal Allocation                   Pattern of the Scheme:                                                      (% of net assets)
 Pattern of the Scheme:                                                          (% of net assets)
                                                                                                                                                                Equity                           80 - 100
                                               Equity and Equity Related         65-80
                                                                                                                                                                Debt / Money mkt.                 0 - 20
                                               Debt*/ Money Mkt.                 20-35
                                                                                                                                                                Note: Debt includes securitised debt & government
                                               *Note: Debt includes securitised debt & government                                                               securities
                                               securities
                                                                                                                     Plan and Option                            1 Dividend
 Plan and Option                               1 Dividend

                                               2 Growth                                                                                                         2 Growth


 Minimum application                           Plan /             Fresh    Additional          Repurchase            Minimum application                        Plan /             Fresh    Additional         Repurchase
 Amount / Number of Units:                     Option             Purchase Purchase                                  Amount / Number of Units:                  Option             Purchase Purchase

                                               Dividend           1000           500           Not Applicable                                                   Dividend           500           100           Not Applicable

                                               Growth             1000           500           Not Applicable                                                   Growth             500           100           Not Applicable

 Benchmark Index:                              C BalanceEx                                                           Benchmark Index:                           BSE Sensex

 Fund Manager                                  Mrs. Bichitra Mahapatra                                               Fund Manager                               Mr. Ashish Kumar

 Performance of the                            Compounded                    Scheme             Benchmark            Performance of the                         Compounded                   Scheme             Benchmark
 scheme (as on 31.08.2006)                     annualized returns            returns (%)        returns (%)          scheme (as on 31.08.2006)                  annualized returns           returns (%)        returns (%)
                                               Last 1 year                   25.72              27.09
                                                                                                                                                                Last 1 year                  14.71              49.88
                                               Last 3 year                   24.62              23.06
                                                                                                                                                                Last 3 year                  26.16              40.08
                                               Last 5 year                   20.11              —
                                                                                                                                                                Last 5 year                  28.35              29.22
                                               Since Inception               7.47               19.71
                                                                                                                                                                Since Inception              9.75               10.08
                                          LICMF Balanced Fund

                  30.00
                                                                                                                                                                LICMF Tax Plan
                  25.00
                                                                                                                                     60.00
    Returns (%)




                  20.00
                                                                                       Scheme returns (%)                            50.00
                  15.00
                                                                                       Benchmark returns (%)
                                                                                                                                     40.00
                                                                                                                       Returns (%)




                  10.00
                                                                                                                                                                                                       Scheme returns (%)
                   5.00                                                                                                              30.00
                                                                                                                                                                                                       Benchmark returns (%)
                   0.00                                                                                                              20.00
                          Last 1 year   Last 3 year Last 5 year        Since
                                                                                                                                     10.00
                                                                     Inception
                                                                                                                                      0.00
                                                                                                                                             Last 1 year Last 3 year Last 5 year       Since
 Expenses of the Scheme:                                                                                                                                                             Inception

 Load Structure:                               Entry Load :
                                               Investment upto 1 Crore           : 2.25%                             Expenses of the Scheme:
                                               Investment above 1 Crore          : Nil
                                               Exit Load                         : Nil
                                                                                                                     Load Structure:                            Entry Load: 2.25%

                                                                                                                                                                Exit Load: Nil

                                                                                                                     Recurring Expenses:                        First Rs. 100 Crore              2.50%
 Recurring Expenses:                           First Rs. 100 Crore               2.50%
                                                                                                                                                                Next Rs. 300 Crore               2.25%
                                               Next Rs. 300 Crore                2.25%
                                                                                                                                                                Next Rs. 300 Crore               2.00%
                                               Next Rs. 300 Crore                2.00%
                                                                                                                                                                Balance                          1.75%
                                               Balance                           1.75%
                                                                                                                                                                Actual expenses of the previous financial year: 2.50
                                               Actual expenses of the previous financial year: 2.32
                                                                                                                     Daily NAV Publication:                     The NAV will be declared on all business days and will be
 Daily NAV Publication:                        The NAV will be declared on all business days and will be
                                                                                                                                                                published in 2 news papers. NAV can also be viewed on
                                               published in 2 news papers. NAV can also be viewed on
                                                                                                                                                                www.licmutual.com and www.amfiindia.com
                                               www.licmutual.com and www.amfiindia.com

                                                                                                                     Unitholders’ Information:                  Account statement (on each transaction), Annual financial
 Unitholders’ Information:                     Account statement (on each transaction), Annual financial
                                               results, and Half yearly portfolio disclosures shall be                                                          results, and Half yearly portfolio disclosures shall be
                                               provided to investors by post.                                                                                   provided to investors by post.


 Risk Profile:                                 Mutual Fund investments are subject to market risks.                  Risk Profile:                              Mutual Fund investments are subject to market risks.
                                               Please read the offer document carefully for details on                                                          Please read the offer document carefully for details on
                                               risk factors.                                                                                                    risk factors.

                                                                                                                6

 dtp7\d\devendra\lic\kimjune 2006 page 1-13
13. LICMF ULIS                                                                                                      WORKING OF SCHEME :
                                                                                                                    Under the scheme investor has a choice to participate under Regular
 Investment objective:                        The scheme seeks to generate long term capital                        Premium option or Single Premium option for an aggregate amount
                                              appreciation and offer Tax benefits u/s 88 of the Income              called “Target amount”.
                                              Tax Act as well as additional benefits of a life cover and
                                              free accident insurance cover.                                        REGULAR CONTRIBUTION OPTION -
                                                                                                                    Under this option investor can choose either a 10 year term or 15
 Asset Allocation                             Type of Instruments                 Normal Allocation                 year term of investment. The investor needs to invest a uniform
 Pattern of the Scheme:                                                           (% of net assets)                 amount every year i.e. 1/10 of target amount under 10 year term
                                                                                                                    and 1/15 of target amount under 15 year term. The investor has a
                                              Debt*/Money Market                  20-35                             choice of making this investment either once in a year i.e. on a
                                                                                                                    yearly basis or twice a year i.e. on a half yearly basis or on a
                                              Equity/Equity Related               65-80                             monthly basis as per his convenience.
                                              *Note: Debt includes securitised debt & Govt. Securities              The Minimum Target amount is

 Plan and Option                              Plan           Dividend Reinvestment                                  1. Rs. 10000/- under 10 year term
                                                                                                                    2. Rs. 15000/- under 15 year term
                                              Option         Single Contribution - 5 year term
                                                             Single Contribution - 10 year term                     The Maximum Target Amount is Rs. 500000/- under both terms.
                                                             Regular Contribution - 10 year term                    Under the Regular Contribution option the target amount should
                                                             Regular Contribution - 15 year term                    be in multiples of Rs.1000 / 1500 for 10/15 year term respectively
                                                                                                                    and minimum installment amount should be Rs. 500/- in monthly
 Minimum application                          Option                   Target        Additional Repurchase          option.
 Amount / Number of Units:                                             Amount        Purchase
                                                                                                                    Subsequent/Renewal contribution under Regular Contribution
                                              Single Contribution -   10000          Not        Not                 option:
                                              5 year term                            Applicable Applicable          After joining the scheme subsequent/renewal contribution can be
                                                                                                                    paid either on yearly or half yearly or monthly basis depending
                                              Single Contribution -   10000          Not        Not
                                                                                                                    upon the mode chosen. If a 10 year term is chosen the yearly
                                              10 year term                           Applicable Applicable          contribution is 1/10 of target amount and half yearly contribution is
                                              Regular Contribution - 10000           Not        Not                 1/20 of target amount and monthly contribution is 1/120 of target
                                              10 year term                           Applicable Applicable
                                                                                                                    amount. Similarly in 15 year term yearly contribution is 1/15 of
                                                                                                                    target amount and half yearly contribution is 1/30 of the target
                                              Regular Contribution - 15000           Not        Not                 amount and monthly contribution is 1/180 of target amount.
                                              15 year term                           Applicable Applicable          Payment Date: The Renewal contribution under the above plan
                                                                                                                    should be paid by the due dates shown below:
 Benchmark Index:                             C BalanceEx
                                                                                                                    Date of joining the scheme          Renewal contribution due dates
 Fund Manager                                 Mrs. Bichitra Mahapatra
                                                                                                                                                      Yearly Mode Half Yearly Mode
 Performance of the                           Compounded                    Scheme                Benchmark
 scheme (as on 31.08.2006)                    annualized returns            returns (%)           returns (%)       1st Jan to 31st March             16th Feb         16th Feb & 16 Aug
                                              Last 1 year                   32.32                 27.09
                                                                                                                    1st April to 30th June            16th May         16th May & 16th Nov
                                              Last 3 year                   23.82                 23.06
                                              Last 5 year                   20.58                 —                 1st July to 30th September        16th Aug         16th Aug & 16th Feb

                                              Since Inception               14.23                 19.71             1st October to 31st December 16th Nov              16th Nov & 16th May

                                                                                                                    Once a mode of payment is chosen, it can not be altered. A grace
                                                     LICMF ULIS
                                                                                                                    period of 15 days is allowed for making payment from the due date.
                                                                                                                    If the renewal contribution is not paid in time the investor ceases to
                 35.00
                                                                                                                    participate in the scheme and the insurance cover both life and
                 30.00
                 25.00
                                                                                                                    accident will be not be available to him/her. In case of monthly
   Returns (%)




                 20.00                                                                    Scheme returns (%)        option due date is 15th of every month and 12 PDCs have to be
                 15.00                                                                    Benchm returns (%)
                                                                                                ark                 given in the begining of each year.
                 10.00
                  5.00                                                                                              SINGLE PREMIUM OPTION:
                  0.00
                                                                                                                    Under this option investor can chose either a 5-year term or 10 year
                         Last 1 year   Last 3 year    Last 5 year       Since
                                                                      Inception
                                                                                                                    term. The entire amount for the targeted period will have to be invested
                                                                                                                    in single contribution.
                                                                                                                    Minimum Investment Rs. 10000/- and thereafter in multiples of Rs.
 Expenses of the Scheme:
                                                                                                                    1000/- under both the 5 as well as the 10 year term
 Load Structure:                              Entry Load: 2.25%
                                                                                                                    Maximum Investment: No upper limit.
                                              Exit Load : Nil
                                                                                                                    ELIGIBILE FOR INVESTMENT: By Resident Individuals and NRIs, in
                                                                                                                    the age group of 12 to 55 years under Single Premium Option and 10
                                                                                                                    year term of Regular Contribution Option and 12 to 50 years for 15 years
                                                                                                                    term of the Regular Contribution Option.
 Recurring Expenses:                          First Rs. 100 Crore                 2.50%
                                                                                                                    INSURANCE COVER:
                                              Next Rs. 300 Crore                  2.25%
                                                                                                                    The Insurance Benefits are payable to all unitholders only when the
                                              Next Rs. 300 Crore                  2.00%
                                                                                                                    contributions under the Scheme are made in time and up to date. The
                                              Balance                             1.75%                             insurance covers (life and accident) will cease to be applicable on
                                              Actual expenses of the previous financial year: 2.50
                                                                                                                    complete repurchase of units by the unit holder.

 Daily NAV Publication:                       The NAV will be declared on all business days and will be             Extent of Life Insurance Cover
                                              published in 2 news papers. NAV can also be viewed on
                                                                                                                    Risk on the unitholders life is covered to the extent of balance of TARGET
                                              www.licmutual.com and www.amfiindia.com
                                                                                                                    AMOUNT i.e., Contributions yet to be made for the unexpired period of
 Unitholders’ Information:                    Account statement (on each transaction), Annual financial             the Scheme in case of the Regular Contribution option and to the full
                                              results, and Half yearly portfolio disclosures shall be               extent in case of the Single premium option subject to a maximum of
                                              provided to investors by post.                                        Rs. 500000/- under all memberships for both options. In case of
 Risk Profile :                               Mutual Fund investments are subject to market risks.                  females who have no regular and independent income, the Life
                                              Please read the offer document carefully for details on               Risk Cover will be limited to 50% even if the target amount is
                                              risk factors.                                                         higher.

                                                                                                                7

 dtp7\d\devendra\lic\kimjune 2006 page 1-13
The Life Risk Cover is not available during the first six months. In               14. LICMF OPPORTUNITIES FUND
case of unfortunate death during the first six months, the premium
                                                                                    Investment objective:       The investment objective of the scheme is to provide capital
paid to LIC of India will be refunded. In case death occurs during
the next six months only 50% of the cover is available. Death by                                                growth in long-term with reasonable risk levels by investing
suicide during the first year will not be covered for insurance purpose.                                        mainly in companies which are in sector/s, which have a high
In case of death by accident at any time during the first year, full
                                                                                                                growth potential at that point of time.
Life Insurance Cover will be available. In case of partial repurchases
the life / accident cover will be proportionately reduced. The
Insurance Cover will be provided on the basis of declaration of                     Asset Allocation Pattern    Type of Instruments                       Normal Allocation
good health.                                                                        of the Scheme:                                                            (% of net assets)

Free Accident Benefit                                                                                           Equity and Equity related

Accident Cover is available absolutely free to the member under                                                 instruments such as convertible
the Scheme, including in the First year. The amount of Cover is                                                 debentures, warrants,
equal to the amount of Life Insurance Cover subject to a maximum
                                                                                                                derivatives
of Rs.2,00,000/-, under all memberships for both options. Applicants
should have no deformity and should be enjoying good health.                                                    of ‘opportunities’.                                   85 to 100%

Life Insurance and Accident cover is available to the first named                                               Fixed rate debt or money market
person who is the member of the Scheme and not to the second                                                    instruments Coporate bonds, Gilts,
named person in the application.
                                                                                                                CP, CD, call money market or any
The Personal accident cover is applicable to the resident unitholders                                           other instruments as permitted by
for death by accident or Permanent total disability sustained due to
                                                                                                                SEBI from time to time.                                 0 to 15%
accident in India. The personal accident insurance cover will begin
from the date of allotment of units till such time as the units are
                                                                                                                Note: Debt includes securitised debt
prematurely redeemed.

Revival of Lapsed Membership                                                        Plan and Option             1 Dividend

Investors can revive their lapsed membership and insurance cover,                                               2 Growth
within one year from the date of default in payment of renewal
contribution by paying upto date arrears without any interest. However              Minimum application         Option                Fresh Additional           Repurchase
in such cases, Life cover will be restricted as applicable to fresh
                                                                                    Amount / Number of Units:                   Purchase       Purchase
members in the first year. Members whose membership is lapsed and
who have not revived in within one year will not be eligible for any
insurance cover in future. They will be paid only repurchase value of                                           Dividend               5000               1     Not Applicable
their units standing to their credit subject to a minimum lock in period
of three years.                                                                                                 Growth                 5000               1     Not Applicable

SETTLEMENT OF CLAIMS:                                                               Benchmark Index:            BSE 200

Death Claims:                                                                       Fund Manager                Mr. Nagendra Singh

All death claims will be settled by the LIC Of India through LIC Mutual
                                                                                    Performance of the scheme   Please refer to the performance our other related schemes
fund. In case of unfortunate death of the Member during the Scheme
period, the second applicant/nominee/successor will be entitled to                  (as on 31.08.2006)          like LICMF Equity Fund & LICMF Growth Fund given in this
receive the following benefits.                                                                                 document.

1. Repurchase Price of Capital and Dividend Units to the Investor’s
                                                                                    Expenses of the Scheme:
   credit.

2.   Amount of Life Insurance Cover.                                                Load Structure:             Entry Load                        :

3. Amount of Accident Insurance Cover in case death occurs due to                                                 Investment upto 1 crore         : 2.25%
   Accident.                                                                                                      Investment above 1 crore        : Nil

All insurance claims will be settled in India and shall be payable in Indian                                    Exit Load                         : Nil
Rupees only.
                                                                                    Recurring Expenses:         The initial issue expenses of more than 1% will be borneby
Accident Claims:                                                                                                the AMC.

In case of an accident resulting in death or permanent total disability of
                                                                                                                First Rs. 100 Crore                                       2.50%
the resident unit holder the legal nominee / unit holder may file the claim
supported by all valid documents. The payment of the claim shall be                                             Next Rs. 300 Crore                                        2.25%
made to the nominee / unit holder by the insurance company through
LICMF. All insurance claims will be settled in India and shall be payable                                       Next Rs. 300 Crore                                        2.00%
in Indian Rupees only.
                                                                                                                Balance                                                   1.75%
DECLARATION OF GOOD HEALTH
                                                                                                                Actual expenses of the previous financial year: 2.5
This declaration should be made in the presence of an authorized person.
Magistrate, Justice of Peace, Gazetted Officer, Civil Surgeon, Officer of           Daily NAV Publication:      The NAV will be declared on all business days and will be
LIC, LIC Mutual fund/JBS AMC Ltd. authorized LIC Mutual Fund Chief                                              published in 2 news papers. NAV can also be viewed on
Agents/Marketing Associates and Agents Who will counter sign the                                                www.licmutual.com and www.amfiindia.com
declaration. Standard Age Proof like School or College Certificate,
Authenticated extract from School or College Record containing the Date             Unitholders’ Information:   Account statement (on each transaction), Annual financial
of Birth, Certified extract from Municipal or other records of Birth,                                           results, and Half yearly portfolio disclosures shall be provided
Certificate of Baptism or Certified extract from family Bible containing
                                                                                                                to investors by post.
Date of Birth or age or Passport will be required to support the age
furnished in the Application. The age proof will be produced before the             Risk Profile:               Mutual Fund investments are subject to market risks. Please
Authorised Official who will record your age in the form. Applications
without the declaration and age proof will not be entertained.                                                  read the offer document carefully for details on risk factors.


                                                                               8

 dtp7\d\devendra\lic\kimjune 2006 page 1-13
15. LICMF Index Fund
 Investment objective:                                 The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty
                                                       / Sensex based on the plans, by investing in the respective index stocks subject to tracking errors.
 Asset Allocation                                      Type of Instruments                                                                                                                                           Normal Allocation
 Pattern of the Scheme:                                                                                                                                                                                               (% of net assets)
                                                       Equity (Index Stocks)                                                                                                                                                    Upto 100

                                                       Equity (outside Index stocks - only for Sensex Advantage plan)                                                                                                              10 - 20

                                                       Money mkt.                                                                                                                                                                 Upto 10
                                                       Note: Debt includes securitised debt & government securities

 Plan and Option                                       Plans:                                                                                         Option:
                                                       Sensex Plan                                                                                    Dividend

                                                       Nifty Plan                                                                                     Growth
                                                       Sensex Advantage Plan

 Minimum application                                   Plan /                                                          Fresh                                   Additional                                Repurchase
 Amount / Number of Units:                             Option                                                       Purchase                                    Purchase
                                                       Sensex                                                              2000/-                                              Re .1/-                   Not Applicable
                                                       Sensex Advantage                                                    2000/-                                              Re .1/-                   Not Applicable

                                                       Nifty                                                               2000/-                                              Re .1/-                    Not Applicable

 Benchmark Index:                                      BSE Sensex (for Sensex & Sensex Advantage plan)
                                                       NSE Nifty (for Nifty plan)

 Fund Manager                                          Mr. Nagendra Singh

 Performance of the                                    Compounded                                                                                                                              Scheme                       Benchmark
 scheme (as on 31.08.2006)                             annualized returns                                                                                                                  returns (%)                      returns (%)

                                                       Sensex Plan
                                                       Last 1 year                                                                                                                                42.86                              49.88
                                                       Since Inception                                                                                                                            31.42                              10.08
                                                       Nifty Plan
                                                       Last 1 year                                                                                                                                29.78                              43.16
                                                       Since Inception                                                                                                                            26.60                              16.63
                                                       Sensex Advantage Plan
                                                       Last 1 year                                                                                                                                29.17                              49.88
                                                       Since Inception                                                                                                                            30.80                              10.08




                       LICMF Index Fund - Sensex Plan                                             LICMF Index Fund - Sensex Advantage Plan                                               LICMF Index Fund - Nifty Plan

                  60                                                                         60                                                                                50
                  50                                                                         50                                                                                40
                                                                                                                                                                 Returns (%)
    Returns (%)




                  40                                                                         40
                                                                               Returns (%)




                                                                                                                                               e
                                                                                                                                          Schem returns (%)                    30                                        Scheme returns (%)
                  30                                                                         30
                                                                                                                                          Benchm returns (%)
                                                                                                                                                ark                            20                                        Benchmark returns (%)
                  20                                   Scheme returns (%)                    20
                  10                                   Benchmark returns (%)                 10                                                                                10
                  0                                                                          0                                                                                  0
                       Last 1 year   Since Inception                                                 Last 1 year   Since Inception                                                  Last 1 year    Since Inception




 Expenses of the Scheme:

 Load Structure:                                       Entry Load 2.25%
                                                       Exit LOad : Nil



 Recurring Expenses:                                   First Rs. 100 Crore                                                                            2.50%

                                                       Next Rs. 300 Crore                                                                             2.25%

                                                       Next Rs. 300 Crore                                                                             2.00%
                                                       Balance                                                                                        1.75%

                                                       Actual expenses of the previous financial year : 2.50 - Sensex Plan
                                                                                                                                     2.50 - Nifty Plan

                                                                                                                                     2.38 - Sensex Advantage Plan
 Daily NAV Publication:                                The NAV will be declared on all business days and will be published in 2 news papers. NAV can also be viewed on
                                                       www.licmutual.com and www.amfiindia.com
 Unitholders’ Information:                             Account statement (on each transaction), Annual financial results, and Half yearly portfolio disclosures shall be provided to
                                                       investors by post.

 Risk Profile:                                         Mutual Fund investments are subject to market risks. Please read the offer document carefully for details on risk factors.

                                                                                                                       9

 dtp7\d\devendra\lic\kimjune 2006 page 1-13
Applicable NAV (after the         1 For all schemes except LICMF Liquid Fund :
scheme opens for
repurchase and sale):             Purchase & Switch In:
                                  If the application is received upto 3.00 p.m. alongwith local cheque or DD payable at par then the closing
                                  NAV of the day on which the application is received will be applicable. However, if the application is
                                  received after 3.00 p.m. alongwith local cheque or DD payable at par then the closing NAV of the next
                                  working day on which the application is received will be applicable. If the application with outstation
                                  cheques/DD not payable at par is received at the authorised centers, then the closing NAV of the day
                                  on which cheque/DD is credited will be applicable.
                                  Redemption & Switch out:
                                  If the application is received upto 3.00 p.m. then the closing NAV of the day on which the application is
                                  received will be applicable; however if the application is received after 3.00 p.m. then the closing NAV of the
                                  next working day on which the application is received will be applicable.
                                  NAV will be calculated and declared on all business days.
                                  LICMF ULIS & LICMF TAX PLAN
                                  Redemption / Switchout allowed after lock-in period of 3 years from the date of investment.
                                  2 For LICMF Liquid Fund :
                                  Purchase & Switch In:
                                  If the application is received before 1.00 p.m. then the closing NAV of the day immediately previous to the day
                                  on which the funds are available for the utilization will be applicable; however, if the application is received
                                  after 1.00 p.m. and the money is available for the utilization on the same day then the closing NAV of the day
                                  immediately previous to the next working day will be applicable.
                                  Redemption & Switch out:
                                  If the application is received before 10.00 a.m. then the closing NAV of the previous day on which the application
                                  is received will be applicable; however , if the application is received after 10.00 a.m. then the closing NAV of
                                  the day on which the application is received will be applicable.
                                  NAV will calculated and declared on all days.

Despatch of Repurchase            Within 10 working days of the receipt of the redemption request at the authorised centre of the LIC
(Redemption) Request:             Mutual Fund.

Dividend Policy:                  Under the dividend the Fund expect to declare dividend on a monthly/quarterly/yearly basis, as applicable
                                  subject to availability of distributable surpluses. Dividends declared under the Dividend option will either
                                  be distributed or will be reinvested in the scheme at the prevailing NAV. Unitholders may elect to either
                                  receive or reinvest their Dividend in additional units of the scheme by indicating their decision in the
                                  application form.
                                  There is no assurance or guarantee to the unitholder as to rate of income distribution and regularity in
                                  declaration of income distribution. Though It is the intention of the Fund to make monthly/quarterly/
                                  yearly income distribution under the above options.

Name of the Trustee Company       LICMF Trustee Company Private Limited

Tax treatment for the             As per the taxation laws in force at the date of this document, the tax benefits that are available to
Investors (Unitholders):          the investors are stated below. This information is provided for only general information purpose. Each
                                  investor is advised to consult his or her own tax consultant with respect to the specific tax implications
                                  arising out of their participation in the scheme.
                                  FOR DEBT SCHEMES
                                  As per the taxation laws in force at the date of this document, the tax benefits that are available to the
                                  investors are stated below. This information is provided for only general information purpose. Each
                                  investor is advised to consult his or her own tax consultant with respect to the specific tax implications
                                  arising out of their participation in the scheme.
                                  Income Tax
                                  Income Distributed by the Mutual Fund
                                  Consequent upon the amendments proposed by the Finance bill, 2005 to the Income Tax Act, 1961,
                                  income in respect of units of Mutual Funds will continue to remain tax free in the hands of the investors.
                                  But in case of debt related schemes the Fund is required to pay dividend distribution tax @ 12.5% plus
                                  surcharge plus cess on income distributed to individual/HUF unitholders. However, in case of non-
                                  individual/HUF unitholders the Fund is required to pay dividend distribution tax @ 20% plus surcharge
                                  plus cess. The above mentioned provisions will continue as per the Finance Bill 2005.
                                  Tax deduction at source (All unitholders)
                                  In view of the exemption of income in the hands of the unitholders, no income-tax is deductible at
                                  source, on income distribution by the Mutual Fund, under the provision of section 194K and 196A
                                  of the act. However, as per the section 196B of the act, tax is required to be withheld at the rate
                                  of 10.25% from dividend payable to approved overseas financial organization.
                                  Capital Gains Tax
                                  Foreign Institutional Investors
                                  Long-term capital gains on sale of Units, held for a period of more than twelve months, would be
                                  taxed at the rate of 10% under Section 115AD of the Act. Such gains, would be calculated without
                                  indexation of cost of acquisition. Short-term capital gains would be taxed at 30%. The above tax
                                  rates would be increased by applicable surcharge, of 10% thereon, in case of, non-corporate
                                  Unitholders, where the income exceeds Rs.10,00,000 and 2.5% surcharge in case of corporate
                                  Unitholders.
                                  Specified overseas financial organisations
                                  As per the provisions of section 115AB of the Act, long-term capital gains on transfer of units
                                  arising to specified overseas financial organisations on transfer of units purchased by them in
                                  foreign currency shall be liable to tax at the concessional rate of 10 per cent plus applicable

                                                                     10

dtp7\d\devendra\lic\kimjune 2006 page 1-13
                                  surcharge thereon. However, such gains shall be computed without the benefit of cost indexation.
                                  Short-term capital gains would be taxed at 40% plus applicable surcharge in case of foreign
                                  companies and 30% plus applicable surcharge in case of others.
                                  Other Unitholders
                                  Long term capital gains in respect of Units, held for a period of more than twelve months, will be
                                  chargeable under Section 112 of the Act, at concessional rates of tax, at 20% as increased by the
                                  applicable surcharge.
                                  The following amounts would be deductible from the full value of consideration, to arrive at the
                                  amount of capital gains:
                                  •   Cost of acquisition of Units as adjusted by Cost Inflation Index notified by the Central
                                      Government, and
                                  •   Expenditure incurred wholly and exclusively in connection with such transfer.
                                  Where redemption is made during the minority of the child, tax will be levied on either of the parents,
                                  whose income is greater. When the child attains majority, such tax liability will be on the child.
                                  In case of Individuals and Hindu Undivided Families, where taxable income as reduced by long-term
                                  capital gains, is below the basic exemption limit, the long-term capital gains will be reduced to the
                                  extent of the shortfall and only the balance long-term capital gains will be subjected to the flat rate
                                  of income-tax. However, where the tax payable on such long-term capital gains, computed before
                                  indexation, exceeds 10%, as increased by the applicable surcharge, of the amount of capital gains,
                                  such excess tax shall not be payable by the Unitholder.
                                  Short-term capital gains would be taxed at 35% plus applicable surcharge in case of companies and
                                  firms.
                                  Short-term capital gains arising to individuals and HUFs are taxable on progressive basis, as given
                                  below:
                                  •   Nil where total income for a tax year (April to March) is less than or equal to Rs. 100,000/- for
                                      men, 125,000/- for woman, and 150,000/- for senior citizen.
                                  •   10% if the total income is more than Rs. 100,000 for men and 125,000/- for women but is less
                                      than or equal to Rs. 150,000.
                                  •   20% if the total income is more than Rs. 150,000/- but is less than or equal to Rs. 250,000/-
                                  •   30% if the total income exceeds Rs. 250,000/-
                                  Where the total income of the individual/ HUF exceeds Rs. 1,000,000/-, surcharge of 10 per cent
                                  will be payable on the tax calculated on such total income (net of applicable tax rebates).
                                  All Unitholders
                                  Under the provisions of Section 94(7) of the Act, loss arising on sale of Units, which are bought
                                  within 3 months prior to the record date (i.e. the date fixed by the Mutual Fund for the purposes of
                                  entitlement of the Unitholders to receive the income) and sold within 3 months after the record date,
                                  shall be ignored for the purpose of computing income chargeable to tax to the extent of exempt
                                  income received or receivable on such Units.
                                  Tax deduction at source
                                  Domestic Unitholders
                                  No income-tax is deductible at source from income by way of capital gains under the provisions of
                                  the Act and as per Circular no. 715 dated August 8, 1995 issued by the CBDT.
                                  Foreign Institutional Investors
                                  Under Section 196D of the Act, no deduction shall be made from any income by way of capital
                                  gains, in respect of transfer of securities referred to in Section 115AD of the Act.
                                  Specified overseas financial organisations
                                  As per the provisions of section 196B of the Act, long-term capital gains on transfer of units arising
                                  to specified overseas financial organisations on transfer of units purchased by them in foreign currency
                                  shall be liable to tax deduction at source at the rate of 10% plus applicable surcharge.
                                  Short-term capital gains arising to such organisations shall be subject to tax deduction at source at
                                  40% plus applicable surcharge in case of foreign companies and 30% plus applicable surcharge in
                                  case of others.
                                  Other Non-resident Unitholders
                                  Part II of the First Schedule to the Finance Act, 2005, provides for deduction of tax at source from
                                  capital gains at the rate of 20%, where they relate to long-term capital gains and at the marginal
                                  rates, viz. at 30% in case of non-corporate Unitholders and at 40% in case of corporate Unitholders,
                                  in case of short-term capital gains. Surcharge on income-tax will be levied at 10%, on such tax, in
                                  respect of all Unitholders, other than corporate Unitholders, where the income exceeds Rs. 10,00,000
                                  and in respect of all corporate Unitholders at 2.5% of such tax.
                                  In accordance with the provisions of Circular no.728 dated October 30, 1995 issued by the Central
                                  Board of Direct Taxes (‘CBDT’), in case of non-resident Unitholder who is a resident of a country
                                  with which India has signed a double taxation avoidance agreement (which is in force) the tax
                                  should be deducted at source under section 195 of the Act at the rate provided in the Finance Act of
                                  the relevant year or the rate provided in the said agreement, whichever is more beneficial to such
                                  non-resident Unitholder. However, such a non-resident Unitholder will be required to provide
                                  appropriate documents to the Mutual Fund, to be entitled to a beneficial rate under such agreement.
                                  Exemptions from long-term capital gains
                                  1.   As per the provisions of section 54EC of the Act, long-term capital gains arising on transfer of
                                       units shall be exempt from tax to the extent such capital gains are invested, within a period of
                                       six months of such transfer, in acquiring specified bonds and remain so invested as specified.
                                  2.   As per the provisions of section 54ED of the Act, long-term capital gains arising on transfer of
                                       units shall be exempt from tax to the extent such capital gains are invested, within a period of
                                       six months of such transfer, in acquiring the equity shares forming part of a public issue of an
                                                                  11

dtp7\d\devendra\lic\kimjune 2006 page 1-13
                                       Indian public company and remain so invested as specified.
                                  Other Benefits
                                  Investments in Units of the Mutual Fund will rank as an eligible form of investment under Section 11
                                  (5) of the Act read with Rule 17C of the Income-tax Rules, 1962, for Religious and Charitable
                                  Trusts.
                                  Wealth-tax
                                  Units held under the Scheme(s) are not treated as assets as defined under Section 2(ea) of the
                                  Wealth-tax Act, 1957 and thereof would not liable to wealth-tax.
                                  Gift-tax
                                  The Gift-tax Act, 1958 has ceased to apply to gifts made on or after October 1, 1998. Gifts of Units,
                                  purchased under the Scheme(s), would therefore, be exempt from gift-tax.
                                  FOR EQUITY SCHEMES
                                  As per the taxation laws in force at the date of this document, the tax benefits that are available to the
                                  investors are stated below. This information is provided for only general information purpose. Each
                                  investor is advised to consult his or her own tax consultant with respect to the specific tax implications
                                  arising out of their participation in the scheme.
                                  Tax Benefits to the Mutual Fund
                                  The Mutual Fund will receive all income without any deduction of tax at source under the provisions of
                                  Section 196(iv) of the Act.
                                  As per the Finance Bill 2005, income distribution, if any, made by the Mutual Fund, continue to remain
                                  tax free under Section 115R of the Act, in the case of open-ended equity-oriented funds (i.e. where the
                                  investible funds are invested by way of equity shares in domestic companies to the extent of more
                                  than 65% of the total proceeds of the Fund).
                                  Tax Benefits to Unit holders
                                  Income-tax
                                  All Unit holders
                                  Income received, otherwise than on transfer, in respect of units of a mutual fund, including Units
                                  under the Scheme would be exempt from tax under Section 10(35) of the Act.
                                  Tax Deduction at Source
                                  All Unit holders
                                  No income-tax is deductible at source, on any income distribution by the Mutual Fund under the
                                  provisions of Sections 194K and 196A of the Act.
                                  Capital Gains Tax
                                  Foreign Institutional Investors
                                  As per The Finance Bill 2005, section 10(38) of the Act, long-term capital gains on sale of securities
                                  (including units of mutual fund) where the transaction of sale is entered into on a recognized stock
                                  exchange in India, shall continue to remain exempt from tax. As per section 111A of the Act, short-
                                  term capital gains on sale of securities (including units of mutual fund) where the transaction of sale
                                  is entered into on a recognised stock exchange in India, shall continue to be subject to tax at a rate
                                  of 10 per cent (plus applicable surcharge and Education Cess).
                                  As per the provisions of Section 54ED of the Act and subject to the conditions specified therein,
                                  capital gains arising from transfer of long term assets, being listed securities or units shall not be
                                  chargeable to tax to the extent such gains are invested in acquiring equity shares forming part of an
                                  “eligible issue of share capital” within six months from the date of transfer of the long term assets
                                  (provided they are not transferred within one year of acquisition). Eligible issue of share capital has
                                  been defined as an issue of equity shares which satisfies the following conditions:
                                  -    the issue is made by a public company formed and registered in India; and
                                  -    the shares forming part of the issue are offered for subscription to the public.
                                  Other Unit holders
                                  As per The Finance Bill 2005, vide section 10(38) of the Act, long-term capital gains on sale of
                                  securities (including units of mutual fund) where the transaction of sale is entered into on a recognized
                                  stock exchange in India, shall continue to remain exempt from tax.
                                  As per The Finance Bill 2005, vide Section 111A of the Act, short-term capital gains on sale of
                                  securities (including units of mutual fund) where the transaction of sale is entered into on a recognised
                                  stock exchange in India, shall continue to be subject to tax at a rate of 10 per cent (plus applicable
                                  surcharge and Education Cess). Further it is proposed that in case of resident individuals and Hindu
                                  Undivided Families where taxable income as reduced by short-term capital gains, is below the basic
                                  exemption limit, the short-term capital gains will be reduced to the extent of the shortfall and only
                                  the balance short-term capital gains will be subjected to the flat rate of income-tax (plus applicable
                                  surcharge and Education Cess).
                                  As per the provisions of Section 54EC of the Act and subject to the conditions specified therein,
                                  capital gains arising on transfer of a long term capital asset shall not be chargeable to tax to the
                                  extent such capital gains are invested in certain notified bonds within six months from the date of
                                  transfer. However, if the said bonds are transferred or converted into money within a period of three
                                  years from the date of their acquisition, the amount of capital gains exempted earlier would become
                                  chargeable to tax as long term capital gains in the year in which the bonds are transferred or converted
                                  into money.
                                  All Unit holders
                                  Under the provisions of Section 94(7) of the Act, loss arising on sale of Units, which are bought
                                  within 3 months prior to the record date (i.e. the date fixed by the Mutual Fund for the purposes of
                                  entitlement of the Unit holders to receive the income) and sold within 9 months after the record
                                                                  12

dtp7\d\devendra\lic\kimjune 2006 page 1-13
                                   date, shall be ignored for the purpose of computing income chargeable to tax to the extent of
                                   exempt income received or receivable on such Units.
                                   The Finance Bill 2004 further added that where any person purchases units (‘original units’) within
                                   a period of 3 months prior to the record date, who is allotted bonus units and sells all or any of the
                                   original units within a period of 9 months after the record date, while continuing to hold all or any
                                   of the bonus units, then any loss arising on sale of the original units shall be ignored for the
                                   purpose of computing income chargeable to tax. The amount of loss so ignored shall be deemed to
                                   be the cost of purchase of the bonus units as are held on the date of such sale. The same
                                   provision is extended in the Finance Bill 2005 for the year 2005-06.
                                   The Finance Bill 2004 has amended the definition of the term “record date” to include the date fixed
                                   by the Mutual Fund for the purposes of entitlement of the Unit holders to receive bonus units. The
                                   same definition shall continue to apply as per Finance Bill 2005.
                                   Tax Deduction at Source
                                   All Unit holders
                                   No income-tax is deductible at source from income by way of capital gains under the present
                                   provisions of the Act. However, the matter is not free from doubt in case of non-residents (other
                                   than in case of Foreign Institutional Investors). Hence the provisions of section 195 of the Act may
                                   apply to non-residents (other than Foreign Institutional Investors).
                                   As per the provisions of Section 54ED of the Act and subject to the conditions specified therein,
                                   capital gains arising from transfer of long term assets, being listed securities or units shall not be
                                   chargeable to tax to the extent such gains are invested in acquiring equity shares forming part of
                                   an “eligible issue of share capital” within six months from the date of transfer of the long term
                                   assets (provided they are not transferred within one year of acquisition). Eligible issue of share
                                   capital has been defined as an issue of equity shares which satisfies the following conditions:
                                   -    the issue is made by a public company formed and registered in India; and
                                   -    the shares forming part of the issue are offered for subscription to the public.
                                   As per the provisions of Section 54F of the Act and subject to the conditions specified therein, in
                                   the case of an individual or a Hindu Undivided Family, capital gains arising on transfer of a long
                                   term capital asset (not being a residential house) are not chargeable to tax if the entire net
                                   consideration received on such transfer is invested within the prescribed period in a residential
                                   house. If part of such net consideration is invested within the prescribed period in a residential
                                   house, then such gains would not be chargeable to tax on a proportionate basis. For this purpose,
                                   net consideration means full value of the consideration received or accruing as a result of the
                                   transfer of the capital asset as reduced by any expenditure incurred wholly and exclusively in
                                   connection with such transfer.
                                   Securities Transaction Tax
                                   All Unit holders
                                   As per Chapter VII of the Finance (No.2) Act, 2004 pertaining to STT as ammended by Finance Act,
                                   2005, the STT shall be ayable by the seller at the rate of 0.20% on the sale of a unit of an equity
                                   oriented fund to the mutual fund. The Finnace Act, 2006 has increased the rate from 0.20% to
                                   0.25% w.e.f. 01.06..06
                                   Illustration of STT
                                   For unit redemption                                For amount redemption
                                   Starting units = 50,000                            Starting units = 40,000
                                   Units redeemed = 10,000                            Amount redeemed = Rs. 1,00,000
                                   NAV = Rs 15.00                                     NAV = Rs. 20.00
                                   Exit Load = 1.00%                                  Exit Load = 1.00%
                                   STT = 0.25%                                        STT = 0.25%
                                   Redemption price = NAV - Exit load                 Redemption price = NAV - Exit load
                                   = Rs. 14.85                                        = Rs. 19.80
                                   Amount = 14.85 * 10,000 = Rs. 148,500              STT = 1,00,000 * 0.25% = Rs. 250.00
                                   STT = 0.25% * 148,500 = Rs. 371.25                 STT rounded to nearest rupee = Rs. 250.00
                                   STT rounded to rupee = Rs. 371                     Gross amount with STT = Rs. 1,00,250.00
                                   Net amount to investor = 148,500 - 371             Number of unit = 1,00,250.00 / 19.80
                                                           = Rs. 148,129                               = 5063.1313
                                   Balance Units = 40,000                             Balance units = 34936.8687
                                   Other Benefits
                                   Investments in Units of the Mutual Fund will rank as an eligible form of investment under Section
                                   11(5) of the Act read with Rule 17C of the Income-tax Rules, 1962, for Religious and Charitable
                                   Trusts.
                                   Wealth-tax
                                   Units held under the Scheme are not treated as assets as defined under Section 2(EA) of the
                                   Wealth-tax Act, 1957 and therefore would not be liable to wealth-tax.
                                   Gift-tax
                                   The Gift-tax Act, 1958 has ceased to apply to gifts made on or after October 1, 1998. Gifts of Units,
                                   purchased under the Scheme, would therefore, be exempt from gift-tax.


  For Investor Grievances,         M/s. Karvy Computershare Pvt. Ltd.                            LIC Mutual Fund
  please contact:                  Unit : LIC Mutual Fund                                        4th Floor, Industrial Assurance Building,
                                   Karvy Plaza, House No. 8-2-596,                               Opp. Churchgate Station, Churchgate,
                                   Avenue 4, Street No. 1, Banjara Hills,                        Mumbai - 400 020
                                   Hyderabad - 500 034.                                          Phone: 22842521 / 22851661/63
                                   Tel. : 23312454/ 23320751/ 52                                 Fax: 22040039/22880633
                                   Fax : 23311968                                                e-mail: jbsamc@bom3.vsnl.net.in

                                                                  13
Date: 25 / 09 / 2006
 dtp7\d\devendra\lic\kimjune 2006 page 1-13
                                                    I N S T R U C T I O N S
 1. Please read carefully the Offer Document containing the terms of Offer . It must be understood clearly that all applicants
      are deemed to have accepted the terms subject to which this offer is being made and bind themselves to the terms upon
      signing the application and tendering payment.
 2. Application Form must be completed in full in BLOCK LETTERS and in ENGLISH. While filling in the names, Please leave a blank
      space between the name and surname and between two or more parts of the name and address, eg.
       S U N I L                  K U M A R      S H A R M A
 3. Mode of holding : Application can be made on Single, Joint, First Holder or Survivor(s) or Anyone or Survivor(s) basis. In the
      case of holding other than Single, the name and signature of each applicant must be given in the space provided in the
      application form. All communications will be addressed and refunds, and other payments, if any, will be made payable to the
      applicant whose name appears first on the application at the address given by him/her. Tax benefits will be available only to the
      First Applicant as per rules. If the application is made on behalf of eligible Body Corporate, Institution(s) second applicant is not
      allowed.
 4. In the case of HUF, the Karta will sign on behalf of the HUF. All communications will be addressed to the Karta at the address
      given by him/her. Refunds and other payments, if any, will also be made payable to the Karta.
 5. Signature should be in English or in any of the Indian Languages. Thumb impression must be attested by any authorised Stock
      Broker or any Agent of LIC Mutual Fund or any LIC Agent who is a member of Divisional Manager's/Zonal Manager's/Chairman's
      Club or any Officer of LIC of India or LIC Mutual Fund / LICMFAMC or any Officer of Nationalised Banks or a Magistrate / Notary
      Public under his/her Official Seal.
 6. In case of application under a Power of Attorney the relevant Power of Attorney (or a duly certified copy thereof) must be
      lodged alongwith the application. In case of application by Limited Companies, Bodies Corporate, Trusts, Societies ,
      etc.,the relevant documents of authority (or duly certified copies thereof) viz. The Board Committee Resolution, and list of
      authorised signatories alongwith their specimen signatures apart from the MoA / Partnership Deed / Trust Deed / Bye-Laws as
      the case may be must be lodged alongwith the application.
 7. Nomination facility : Nomination facility is provided under the scheme. Minor also can be nominated. Nomination facility can
      also be availed after issue of Satement of Account by writing to the Registrars to the Scheme/Authorised Service Centre.
      Persons applying on behalf of Minors/Eligible Institution/Body Corporate/Power of Attorney holders/Karta of HUF cannot
      nominate. In case the nominee is minor, please furnish the name of the Guardian (other than the applicant/s’).
 8. Wherver an application is for a total value of Rs. 50,000 or more, the applicant or in case of application in joint names, each of
      the applicants, should mention his/her permanent account number (PAN) allotted under the Income Tax Act, 1961 or where the
      same has not allotted, the GIR Number and the income-tax Circle/Ward/District should be mentioned. In case where neither the
      PAN nor the GIR Number has been allotted, the fact of non-allotment should be mentioned in the application form. Any
      application form without these details should not be accepted by the mutual fund.
 9. It shall be Mandatory for first applicant to mention his/her Bank details including the name of the bank, address
      along with his/her A/c. number in the application / request for repurchase or redemption. In the absence of
      these details the application is liable to be rejected. LIC Mutual Fund will not be responsible for any fraudulent
      encashment of cheques through interception.
10. Payment :
      a) Payment must be made to any Authorised Collection Centre. It may be in cheque or Bank Draft drawn on any Bank which is
             a member or sub-member of the Banker's Clearing House located at the place where the application form is submitted.
             Application form accompanied by outstation cheque/drafts or Money/Postal Orders or Stockinvests will not be accepted. A
             separate Cheque or Demand Draft must accompany each application form and the application form no. should be written on
             the back of the instrument. Non-MICR Instruments drawn on metropolitan Centres are not acceptable. Charges
             for making DD may be deducted from the application money, however pay order making charges will not be
             r e i m b u r s e d.
      b) Physical payment :- To be filled in case the investment is by Cheque / DD/ Cash.
             Switch In :- To be filled in case the investor is switching his/her investment from the existing folio of any LIC Mutual Fund
             scheme. The switch in is subject to the minimum amount of application and the entry / exit terms of the respective
             schemes.
      c ) Payment by NRIs/Overseas Corporate Bodies : Funds will have to be remitted from abroad through normal banking
             channels or paid out of funds held in the investors NRE / NRO / FCNR A/c. maintained with banks authorised to deal in
             foreign exchange in India.
 11 All local Cheques and Bank Drafts must be drawn in favour of “Respective Scheme Name” and crossed “ACCOUNT PAYEE
      ONLY” and should be payable at the Authorised Centre where the Application Form is submitted.
12. Date of acceptance will be the date of the business day on which the application is received with cheque / DD at the
      Authorised Collecting Centre before the cut off time as per SEBI Rules (Subject to realisation of cheque/draft).
13. Acknowledgement of application : Receipt of application will be acknowledged by the collecting centre in the
      “Acknowledgement Slip”.
14. Right to accept or reject application : Application which is not complete in all respects is liable to be rejected and LIC Mutual
      Fund would not be responsible for consequences thereof. LIC Mutual Fund reserves, at its sole and absolute discretion, the
      right to accept or reject any application in whole or in part without assigning any reasons.
15. Refund of application money : Where an application is rejected in full or in part, application money received will accordingly
      be refunded to the applicant by cheque payable at the Authorised Centre where the application was submitted. No interest will
      be paid on the amount so refunded. Letter of Regret together with the refund cheque, if any, will be despatched by post at the
      applicant’s sole risk.
16. a) If the application is not submitted through any LICMF Agent/Broker/Sub-broker, the applicant is requested to write the word
             “DIRECT” against the Code No. of Agent/Broker.
      b) If the application is through a Sub-broker, in addition to the sub-broker’s code number, the code number and name of the
             LICMF Broker to whom the Sub-broker is attached, are also required to be written. If the application is through a LICMF
             Broker, the code number and name need only be given.
17. Full Postal address of the Agent/Broker should be written in capital letters in the space provided at the top of the application.
18. NRI investors should give their local address as well as overseas address and bank details.
19. Details of the Systematic Investment Plan, Systematic Withdrawal Plan, Automatic Withdrawal of Capital Appreciation (AWOCA)
      and Systematic Transfer Plan are available with Area Offices of the AMC. SWP/AWOCA/STP are available only under the
      Growth Plan. Investors not availing of SIP/SWP/AWOCA/STP should opt for the General option.
20. (i) DIRECT CREDIT OF DIVIDEND / REDEMPTION : LIC Mutual Fund has an arrangement with IDBI Bank, HDFC Bank, ICICI Bank, UTI Bank, Citi
      Bank, HSBC Bank, Standard Chartered Bank and AMN AMRO Bank to enable direct credit of dividend / redemption proceeds into the bank
      account of the respective investors who have an account with any of these banks (subject to changes from time to time). This facility as
      a mode of payment is faster and safe and also avoids loss of instruments sent through courier / post. In case the bank account as
      communicated by the investors is with any of the above banks, the LIC Mutual Fund shall automatically extend this facility to the unitholders.
      If the remittance is delayed or not effected for reasons of incorrect / incomplete information, LIC Mutual Fund cannot be held responsible.
      (ii) Electronic Clearing Service (ECS) Payment: When direct credit can not be executed the fund will explore the possibility of crediting by
      ECS. ECS is possible subject to RBI Guidelines and requirements. The 9 digit MICR will be used for that purpose and the investor is required
      to incorporate the same carefully. (iii) RTGS: This facility will be executed subject to charges levied by the respective banks to investors.
      HOWEVER, PLEASE NOTE THAT LIC Mutual Fund / LICMF Asset Management Company Ltd. reserves the right to issue a Demand Draft /
      Payable at par Cheque instead of Direct Credit / ECS / RTGS.
                                                                                                                                       SERIAL NO.    CAF
Your trusted partner in wealth creation                        COMMON APPLICATION FORM
   A. Name of the Authorised centre :                                                                                                       FOR OFFICE USE ONLY
                                               AGENT / BROKER                                 SUB-BROKER
                                                                                              CODE (if any)
                          ARN No.

                           NAME

                          TEL. NO.
                                           ARN - 39107
                                                               (PLEASE READ INSTRUCTIONS BEFORE FILLING UP THE FORM)
                                          (FILL IN ALL THE PARTICULARS IN CAPITAL LETTERS. DO NOT SPLIT THE WORD, USE NEXT LINE)                                               Date of Birth
                B. Name of Sole / First Applicant                                                                                                                        (Compulsory for ULIS & Minor)


                C. Name of Parent or Guardian in case Sole/First Applicant is a Minor                                                                                      DD        MM        YY
                                                                                                                                                                H. MODE OF HOLDING
                                                                                                                                                                  1       Single
                D. Address in full of Sole / First Applicant / Parent or Guardian of Minor (Strike off whichever is not applicable)                               2       Joint
                                                                                                                                                                  3       First Holder or
                                                                                                                                                                          Survivor(s)
                                                                                                                                                                  4       Any one or Survivor(s)
                                                                                             CITY                                                             I. Occupation of Sole / First
                                                                                                                                                                 Applicant / Parent of
                              PIN                                STATE                                     TEL. NO.                                               Guardian of minor
                            MOBILE. NO.                                              EMAIL-ID                                                                    1        Professional
                E. Name of Second Applicant                                                                                                                      2        Service
                                                                                                                                                                 3        Business
                                                                                                                                                                 4        Agriculture
                F. Name of Third Applicant                                                                                                                       5        Housewife
                                                                                                                                                                 6        Retired
                G. PAN/GIR No. (1st Applicant)                                                              Circle/Ward/District                                 7        Student
                           (See Instruction No. 8)                                                                                                               8        Others
                           PAN/GIR No. (2nd Applicant)                                                      Circle/Ward/District                                          MAPIN NO.

                           PAN/GIR No. (3rd Applicant)                                                      Circle/Ward/District

                J . Status of Sole / First Applicant (Please tick whichever is applicable)
                            1 Resident Individual      2 Karta of HUF      3 Minor through Guardian         4   Company       5 Body Corporate       6 Trust         7     Society
                            8 Association of Persons / Body of Individuals     9 Bank & FIs           10   NRI-Repatriable     11   NRI-Non-Repatriable     12 Others

             K. BANK ACCOUNT DETAILS : (Please note that as per SEBI Regulations, It is mandatory for investors to provide their bank account details)

                           Name of the Bank____________________________________________________ Name of the Branch _______________________________________________

                           Account No.____________________________________ Bank City ______________________________________ Pin Code ______________________________

                           Type of A/c.              Current      Saving          NRO               NRE            FCNR             NRSR            OT HERS

                           9 Digit Code No. of the bank appearing in MICR Bank for ECS PAYMENT

                            RTGS : IFSC CODE

           L. PAYMENT OF DIVIDEND / REDEMPTION ( Please refer instruction no.20)

  M . TO BE FILLED IN IF APPLICATION IS FROM AN INSTITUTION OR FOR THUMB IMPRESSION ATTESTATION (Refer Instruction No. 5 & 6)
                            Name of Authorised Signatory / Attestor                       Designation / Occupation                                           Signature
  1. _____________________________________                                   1. _____________________________________                  1. _____________________________________
  2. _____________________________________                                   2. _____________________________________                  2. _____________________________________
                          Scheme Name                                                       Plan                                                     Option
  N. INVESTMENT DETAILS




                                                                                      For G-Sec Fund                                  Growth
                                                                              Regular           PF                                    Div. Payout
                                                                                      For Index Fund                                  Div. Reinvestment
                                                                              Sensex           Nifty                                                      Div. Payout Mode for MIPs
                                                                              Sensex Advantage                                                                   Monthly
                                                                                     For Floater MIP                                                              Qrtrly
                                                                              Plan A           Plan B                                                             Yearly


                                          (TO BE FILLED IN BY THE APPLICANT)       ACKNOWLEDGEMENT SLIP
Your trusted partner in wealth creation                                               COMMON APPLICATION FORM                         SERIAL NO.     CAF
   Received an application for purchase of units of LICMF _______________________________________________
                                                                                                                (Scheme Name with option)
   from Mr./Ms./M/s._______________________________________________________________________________ alongwith
                                                                                  (Name of the Investor)
   Cheque/Draft No. ___________________ Dated ________________ Drawn on _______________________________________
   _____________________________________________________ for Rs. ________________________________________ excluding
   Bank charges (in cases of Draft) of Rs. ______________________________________ Date _____________________                                                  Signature, Stamp & Date
O. PAYMENT DETAILS
                     Cheque DD No.                                      Amt. of Investment (i)
                                                                                                                                           PIF NO.
                     Date                                               DD Charges if any (ii)
                     Bank                                               Net Amount Paid (i-ii)                                             LODG. DATE

                     Branch                                                                                                                LODG. BANK
                     Type of A/c.        Current        Saving       NRO          NRE            FCNR            NRSR        OTHERS

                                  Switch-out scheme Name:                                                      Folio No.
 P. SWITCH IN
                                  Option: Growth/Dividend                                                      Units

                                                                             Q. NOMINATION FORM
     Nominee's Full Name (Mr./Ms.)

     Nominee’s Address



        PIN                             TEL. NO.                                                         EMAIL-ID
     Name of Parent/Guardian ( in case Nominee is a Minor)                                                                                     Date of Birth of Nominee (if Minor)


     Address of Parent/Guardian                                                                                                                        DD       MM         YY




                     PIN                           TEL. NO.                                              EMAIL-ID

                                                   R. ADDITIONAL INFORMATION FOR LICMF ULIS ONLY
               (i) REGULAR PREMIUM                                                             (ii) SINGLE PREMIUM
               TERM :     1) 10 Years                2) 15 Years                               TERM :       1)    5 Years
               TARGET AMOUNT : In Figures
               In Words :                                                                                   2)    10 Years
               MODE OF CONTRIBUTION : Yearly    Half Yearly                Monthly*            AMOUNT : In Figures :
               CONTRIBUTION AMOUNT : In Figures
                                                                                               AMOUNT : In Words              :
               In Words :
                                                                           HEALTH QUESTIONNAIRE
          Do you have a regular income ?.................[ Yes / No ]                            Are you at present in sound health ?...............[ Yes / No ]
          Have you ever suffered from any of the following ?.............................[ Yes / No ]
          Hypertension             Insanity        Diabetes          Paralysis           Tuberculosis          Cancer
          Do you have any Physical deformity or handicap ? [ Yes / No ] If Yes Please give the following details
          1. Date of occurrence            2. Extent of deformity                       3.Present condition
          Are you already a member of LICMF ULIS ? [ Yes / No ] If Yes Please give the total of Target amounts under both option for such earlier memberships in force :
          Declaration by 1st Applicant :
          Having read and understood the provisions of LICMF ULIS scheme I agree to abide by the same and hereby apply for the membership of the scheme as a citizen of India.
          I declare that the Total Target amounts of all my memberships under both option of the LICMF ULIS scheme including the one now being applied for do not
          exceed Rs. 5 lakhs
          I also herby declare that I am in good health and free from disease, that I have not had any serious illness or major operation for the last 5 years and that
          no proposal of Insurance to my life to the Life Insurance Corporation of India has ever been adversely treated.
          I further declare that to the best of my knowledge the foregoing statements and answers are true and correct in every particular, and the said statements
          and this declaration shall be the basis of my admission to the LICMF ULIS scheme of LIC Mutual Fund.
* In case of monthly mode due date is 15th of every month and 12 PDCs have to be given in the begining of each year.
          _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Place : _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
 Date : _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _            __________________                                                                          Signature of first applicant

          To,                                                      DECLARATION
          LIC Mutual Fund
          Dear Sirs,
          Having read and understood the Offer Document and conditions of LIC Mutual Fund - Common ApplicationForm. I/We hereby apply for its units and agree
          to abide by the terms and conditions of the Scheme and any amendments thereof. “I/We have understood the detail of the scheme and I/We have not received
          or being included by any rebate or gifts, directlt or indirectly, in making this investments”. “I/We confirm that I/we have not received and will not receive any
          commission or brokerage or any other incentive in any form, directly or indirectly for subscribing to the scheme”
          (Non Resident Indians only) I/We confirm that I am / We are Non-residents of Indian Nationality / orgin and that I/We have remitted funds from abroad through
          approved banking channels or from funds in my/our Non-resident External / FCNR account.
          I undertake to comply with SEBI (Central Database of Market Participants) Regulations 2003 (MAPIN) and circulars and notifications issued thereunder and
          as may be amended from time to time by SEBI.
          Date : ____________
          Place : ___________
       SIGNATURE
           OF
       APPLICANTS
                              }       First Applicant/Parent or Guardian/
                                      Karta of HUF/Authorised Signatory Holder
                                                                                    Second Applicant/
                                                                                    Power of Attorney Holder
                                                                                                                                    Third Applicant/
                                                                                                                                    Power of Attorney

                            Corporate Office                                     Area Offices                                                Registrars
                                          l AHMEDABAD : 9375090006,l BANGALORE : 9845172957/ 9342527219
 LIC Mutual Fund                                                                                                            M/s. Karvy Computershare Pvt. Ltd.
                                          / 9342502327 l CHENNAI : 9382315850, 9381155540 l ERNAKULAM :
4th Floor, Industrial Assurance Building,                                                                                   Unit : LIC Mutual Fund
Opp. Churchgate Station, Churchgate,      9895036554 / 9349738881 l HYDERABAD : 9392471583 / 9390060072                     Karvy Plaza, House No. 8-2-596,
Mumbai – 400 020 • Phone: 22842521 /      l INDORE : 9303283574 l KANPUR : 9415060134 / 9336209092 / 9336209091             Avenue 4, Street No. 1, Banjara Hills,
22851661/63 • Fax: 22040039, 22880633 l KOLKATA : 9339002578 / 9332114747 / 9339002574 l MUMBAI :                           Hyderabad - 500 034.
• e-mail: jbsamc@bom3.vsnl.net.in         9321024748 / 9324543832 / 9323181203 / 9323180802 l NASHIK : 9326666788           Tel. : 23312454/ 23320751/ 52
www.licmutual.com                         l NEW DELHI : 9312335655 / 9313288981 / 9350455141 /9350455095                    Fax : 23311968
          All Future communications in connection with this application should be addressed to the authorised centre where the application alongwith the
          subscription was submitted, quoting full name of the Sole / First applicant and the Application Serial Number.
                                                                                                                         LIC MUTUAL FUND
                                                                                                                                 .
                                                                                Industrial Assurance Bldg., 4th Floor, Opp. Churchgate Station,Mumbai - 400 020.
                                                                            Phone : 2284 2521/22851661/63, Fax : 2204 0039/2288 0633, Website :www.licmutual.com.
                                                                            (Please use separate Enrolment Form for each scheme. A photocopy of this form is valid)

                                                      Systematic Investment Plan through Cheque                                                                                                                                        :


                                                                                                                     New Investor*                                  Existing Investor (please tick as applicable)
  I/WE hereby apply to the LIC MUTUAL FUND TRUSTEE CO. PVT.LTD for a Systematic Investment Plan (SIP) through postdated cheque
  payment under the following Scheme and agree to abide by the terms, conditions, rules and regulations of the scheme(s) mentioned overleaf
  as on the date of this investment.

  Name of Sole / First Account holder
  Folio/Account Number (For existing Investors)
  (*New Investors are required to complete and submit a Common Application Form also)

  SIP Details
  Scheme
  Plan                                                                                                                         Option

  Frequency                            Monthly                      Quarterly (please tick as applicable)
  Amount of each SIP cheque ________________ (minimum SIP Amount per cheque should be Rs. 500/-, conditions apply*)
  SIP Date                                 1st                                       7th                                       10th                                      15th
                                            Dated 1/7/10/15 of every                                                                                                                  Dated 1/7/10/15 of every
     Cheque No. (s).                                                                                   Amount (Rs.)                             Cheque No. (s).                                                                                  Amount (Rs.)
                                                month / quarter                                                                                                                           month / quarter

 1. .................................... ........................../........./ .............. ..................................... ...... 7. .................................... ........................../........./ .............. ............................... ............

 2. .................................... ........................../........./ .............. ..................................... ...... 8. .................................... ........................../........./ .............. ............................... ............

 3. .................................... ........................../........./ .............. ..................................... ...... 9. .................................... ........................../........./ .............. ............................... ............

 4. .................................... ........................../........./ .............. ..................................... ...... 10.................................... ........................../........./ .............. ...........................................

 5. .................................... ........................../........./ .............. ..................................... ...... 11.................................... ........................../........./ .............. ...........................................

 6. .................................... ........................../........./ .............. ..................................... ...... 12.................................... ........................../........./ .............. ...........................................
 * Total
 Cheque
                                         Total Amount                 Rs.                                                                  Enrolment Period FROM .............. / ........... (mm/yy) TO.............. / ........... (mm/yy)


 Drawn on Bank                                                                                                                             Branch




DECLARATION AND SIGNATURES
I/We have read and understood the contents of the offer document of the scheme wherein Systematic Investment Plan is opted and also the instructions on the SIP given overleaf.
I/We have neither received nor been induced by any rebate or gift, directly or indirectly, in making the investment.
I/We hereby authorise the fund to act as per the details above.
                                    Sole / First                                                                         Second                                                                            Third
SIGNATURES                          Applicant                                                                            Applicant                                                                         Applicant
                                                                                    (All applicants shall sign if the mode of holding is joint)

* Kindly refer terms & conditions no. 23 given overleaf.

                        SYSTEMATIC TRANSFER PLAN (STP) ENROLMENT FORM (Read Instructions overleaf)

Name of Sole / First Applicant (Leave space between first / middle / last name)                                                                                                                  Salutation                   Mr.           Ms.



Application Number                                                                                                                              Folio/Account Number
                                                                                                                                                (for existing investor)
Transfer From :

Scheme Name                                                                                                                                     Plan


Amount                                                                                                                              OR          Capital Appreciation

Frequency :                          WEEKLY                         MONTHLY                             QUARTERLY                                  HALF YEARLY

Transfer To :                                                                                                                                   Scheme Name
Folio/Account Number
                                                                                                                                                Plan
(for existing investor)
                                    Sole / First                                                                         Second                                                                            Third
SIGNATURES                          Applicant                                                                            Applicant                                                                         Applicant
                                                            TERMS & CONDITIONS (SIP THROUGH CHEQUE)
1.     SIP is not available during the IPO period of the scheme.
2.     SIP enrolment has to be filled in with details of advance cheques deposited along with a fresh application for SIP.
3.     The enrolment form given overleaf shall be filled properly and completely.
4.     Use one form for one scheme. A photocopy of the form may be used for this purpose.
5.     Non MICR / Outstation post dated cheques will not be accepted. SIP requests are accepted at all our area offices / business centres only.
6.     Post dated cheques have to be deposited along with request for SIP. Multiple cheques for the same date are not allowed.
7.     The cheque numbers of the post dated cheques shall be continuous without any break. If cheques are to be drawn on more than one bank then for each bank the details are to be
       provided.
8.     All cheques are to be dated for either 1/7/10/15 of every month. The first cheque may be dated according to the date of application.
9.     The amount of each post dated cheque should be the same.
10. The cheques shall be drawn in favour of the scheme clearly.
11. The aggregate SIP investments shall not be below minimum investment requirement for the scheme.
12. After completion of accounting of the initial post dated advance cheques submitted by the investor, a fresh set of advance cheques may be tendered again under the same folio.
13. The post dated cheques will be deposited for collection on the designated date of the cheque. There will be no separate intimation at that time. In case of cheque dishonor at any
    time when they are due for lodgement, Rs. 100/- will be debited to the investor account. This will be debited in terms of units with NAV of the day when the bank informs of the
    cheque dishonor.
14. The applicant shall write the application number / folio number on the back side of each advance cheque.
15. Separate folio will be allotted for units purchased under SIP. Non SIP purchases or stray purchases are not allowed under SIP folio.
16. Consolidation of folios - among SIP or SIP & non - SIP is not allowed.
17. NAV of the date of the postdated cheque will be applied for purchase of units. If there is no NAV on the cheque date, the NAV of the following business day as per the rules in force
    at that point of time will be applied.
18. SIP requests are accepted at all our area offices / business centres. The names of the area offices / business centres may be obtained from any of our chief agents / agents, from
    the statement of account, or from the website www.licmutual.com
19. A minimum balance of units worth Rs. 1000 shall be maintained at all times during the currency of the plan.
20. Investors may discontinue SIP plan at any time by sending a clear notice of 30 days from the due date of the first unadjusted. The notice in writing shall reach the designated centre.
    On termination, the balance post dated cheques will be returned to the investor.
21. The main application form for SIP shall accompany the enrolment form.
22. If there is ambiguity in the details provided or if the application for SIP is incomplete or incomprehensive, SIP will be rejected and there will be no separate communication on
    rejection.
23. Minimum investments:#
     SIP Mode             Amount of                                        Min. no. of post                              Min. initial subscription
                          post dated cheques                               dated cheques required                        amount
     Monthly              From Rs. 500/-                                   11                                             Rs. 500/-
                          upto Rs. 1000/-
                          > Rs. 1000/-                                     5                                              Rs. 1000/-
     Quarterly            Minimum Rs. 1000/-                               3                                              As per offer document& subsequent addendum


# Are subject to changes at short notice. For details visit our website or contact at any of our Area offices/Business Centres
24. If each SIP amount is >= to Rs. 50000 then please furnish your PAN details and enclose a photocopy of PAN Card/PAN Allotment Letter/Tax refund of all applicants. Incase of minor applicant, please furnish the
    PAN details & PAN proof of the guardian. In case you are not having a PAN, please furnish your declaration in FORM 60.




                                                                                TERMS & CONDITIONS (STP)
1.     Any new investor who wish to opt for Systematic Transfer Plan should fill this form separately along with the main application form quoting all the details clearly in this form; whereas existing
       investor can fill only this enrollment form giving their name, folio number, and details related to systematic transfer.
2.     Systematic Transfer Plan will not be available for schemes with lock-in period in it during stipulated lock-in period respectively.
3.     Transfer will be effected on the first business day of the month based the frequency of transfer opted for in this form.
4.     Please mention the scheme name from which and to such transfer is to be effected with clearly mentioning the plan name. If you don't have account in the scheme in which you want to transfer
       you money, please fill the separate common application form to open an account in the scheme.
5.     Each transfer will be treated as redemption from the scheme from which funds are to be transferred and repurchase price will be calculated taking into account the applicable load, if any.
6.     The plan will automatically be terminated once there are no units in the account from which transfer is to be effected. An investor can change the amount / frequency of transfer with the help
       of written request to any of our agents.
7.     Fresh account statement will be sent to the investor once the transfer is affected.
                                                                                                                              LIC MUTUAL FUND
                                                                                                                                     .
                                                                                        Industrial Assurance Bldg., 4th Floor, Opp. Churchgate Station,Mumbai - 400 020.
                                                                                    Phone : 2284 2521/22851661/63, Fax : 2204 0039/2288 0633, Website :www.licmutual.com.
                                                                                    (Please use separate Enrolment Form for each scheme. A photocopy of this form is valid)

                                     Systematic Investment Plan through ECS (Auto Debit)
                                                                                                                             New Investor*                             Existing Investor (please tick as applicable)
    I/WE hereby apply to the LIC MUTUAL FUND TRUSTEE CO.PVT. LTD for a Systematic Investment Plan (SIP) through ECS Direct Debit under the following
    Scheme and agree to abide by the terms, conditions, rules and regulations of the SIP through ECSmentioned overleaf as on the date of this investment.

    Name of Sole / First Account holder

    Folio/Account Number (For existing Investors)
    (*New Investors are required to complete and submit a Common Application Form also)

    SIP Details

    Scheme

    Plan                                                                                                         Option

    Frequency                        Monthly                  Quarterly (please tick as applicable) Date                                                                                    (Presently only 15th is available)

    SIP Amount Rs.(per installment)

    SIP Period From                                                                                      To                                                                     (For minimum period and SIP amount, please refer point No. 17 overleaf. )

                                             d d              mm           y         y y y                       d d              m m                  y y y y
    I/We authorise LIC Mutual Fund Trustee Co Pvt. Ltd. or their authorised service providers to Debit my/our account listed below by ECS (Electronic
    Clearing Services) for collection of SIP Payments and confirm that the funds invested belongs to me/us. I/We have not received nor been induced by
    any rebate or gifts, directly or indirectly in making this investment.
    Bank Name

    Branch Name                                                                                                                                                        Mandatory Enclosures :
                                                                                                                                                                                Cancelled cheque or photocopy of cheque, duly
    Address                                                                                                                                                                     signed by the Applicant/s
                                                                                                                                                                                First SIP via cheque
    City                                                                                                                                                               Cheque No.                                Date                     Amount (Rs)
    Account Number

    9 Digit MICR Code                                                                                                                                                  Account Type                          Saving                  Current              CC/OD
                                                                                                                                                                                                    (please tick as applicable)
    I /We hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for reasons of incomplete
    information, I/We will not hold LIC Mutual Fund Trustee Co. Pvt. Ltd. responsible. I/We further undertake that any changes in my/our Bank details will be informed
    to the Fund immediately. I/We have read and agreed to the terms and conditions mentioned overleaf. I/We have read & understood the contents of the offer
    document of the scheme wherein Systematic Investment Plan is obtained.
    Signature                                                                                                                                     Banker’s Attestation
    1st/Sole Applicant/Guardian*                                                                                                                 Certified that the signature of account holder and the
    2nd Applicant                                                                                                                                details of Bank account are correct as per our records

    3rd Applicant                            
    Minor Name                                                                 Minor’s DOB                                                        Signature of Authorised Official from Bank (Bank Stamp and Date)
    ** Bank attestation mandatory if copy of cheque is not enclosed or for payable at par cheques.
    Authorisation of the Bank Account Holder
    This is to inform that I/We have registered for the RBI’s Electronic Clearing Service (Debit Clearing) and that my/our payment towards my/our investment in LIC
    Mutual Fund Trustee Co. Pvt. Ltd. shall be made from my/our below mentioned Bank Account with your bank. I/We authorise the representative
    carrying this ECS mandate Form to get it verified & executed.
                                                                                                                                                                                            Bank Account Number
    Signature
    1st/Sole Applicant/Guardian*                              
    2nd Applicant                                                                                                                    3rd Applicant                    
○    ○   ○
             #
             ○   ○   ○   ○   ○   ○   ○   ○    ○   ○   ○   ○    ○   ○   ○   ○    ○    ○   ○   ○   ○   ○   ○   ○   ○   ○   ○    ○   ○   ○   ○   ○    ○   ○   ○   ○   ○    ○   ○   ○   ○   ○   ○   ○    ○   ○   ○   ○   ○   ○   ○   ○    ○   ○
                                                                                                                                                                                                                                              #
                                                                                                                                                                                                                                              ○   ○   ○   ○   ○   ○   ○




                         Acknowledgement Slip for SIP through ECS (To be filled in by Investor)
    Investor’s Name                                                          LIC Mutual Fund Trustee Co. Pvt. Ltd /
                                                                                       Authorised Centre
    Folio/Account Number
                                                                                       Signature & Stamp
    Scheme

    SIP Amount (Rs.)                                                                 Frequency :                    Monthly        Quarterly
                                                                                                                 (please tick as applicable)
                                                                         Terms and Conditions
SIP Payment through Electronic Clearing Services
1.        This facility is offered to investors having Bank accounts in select cities mentioned below. The cities in the list may
          be modified/updated/changed/removed at any time in future entirely at the discretion of LIC Mutual Fund Trustee
          Co. Pvt. Limited without assigning any reasons or prior notice. SIP instructions for investors in such cities via ECS
          route will be discontinued.
2.        New investors who wish to enroll for SIP through ECS should also fill up the Common Application Form in addition
          to this form.
3.        Investors must provide a cancelled cheque or copy thereof, duly signed by the aplicant/s and the first investment
          must be by means of cheque from the account where ECS Debit is to be effected. Bankers attestation is mandatory
          if no cheque is provided or for Payable At Par cheques.
4.        Existing investors must provide their Account number and need not fill up a Common Application Form.
5.        For further details of the Scheme features like minimum amount, risk factors etc, investors should, before investment,
          refer to the Offer Document(s), Key Information Memorandum and Addenda issued till date, available free of cost
          at any the area offices/bussines centers or distributors or from the website www.licmutual.com
6.        The SIP through ECS Form, and the Common Application Form (in case of new investors), alongwith the necessary
          cheque or copy thereof should be submitted atleast 15 days in advance of the date of the first ECS Debit Transaction.
7.        The bank branch provided for ECS should participate in the local MICR clearing. The investor shall inform his/her
          Banker about the ECS mandate and LIC Mutual Fund Trustee Co.Pvt. Limited will not be liable for any transaction
          failures due to rejection by the investor’s bank/branch.
8.        SIP through ECS is presently available only on the 15th of the month. If any other date is mentioned, 15th date will
          be automatically fixed. In case these days are non business days for the scheme, then SIP will be processed for
          the next business day’s NAV related price.
9.        The investor agrees to abide by the terms and conditions of ECS facility of Reserve Bank of India(RBI)
10.       Investor will not hold LIC Mutual Fund Trustee Co. Pvt. Limited and its service providers responsible if a transaction
          is delayed or not effected by the investor’s Bank or if debited in advance or after the specified SIP date due to
          various reasons.
11.       LIC Mutual Fund Trustee Co.Pvt. Limited reserves the right to reverse allotments in case a ECS debit is rejected by
          the bank for any reason whatsoever.
12.       LIC Mutual Fund Trustee Co. Pvt. Limited shall not be responsible and liable for any damages/compensation for
          any loss, damage etc., incurred by the investor. The investor assumes the entire risk of using the ECS facility and
          takes full responsibility for the same.
13.       The AMC / LIC Mutual Fund Trustee Co. Pvt. Limited reserves the right to discontinue or modify the SIP facility at
          any time in future on a prospective basis.
14.       LIC Mutual Fund Trustee Co. Pvt. Limited reserves the right to discontinue the SIP in case of suspension of direct
          debit through ECS or in case a direct debit through ECS is rejected by the investor’s bank for any reason. For load
          structure refer to our area offices/business centers at the addresses available on our website www.licmutual.com.
15.       LIC Mutual Fund Trustee Co. Pvt Limited reserves the right to reject any application without assigning any reason
          thereof.
16.       If each SIP amount is >= to Rs. 50000 then please furnish your PAN details and enclose a photocopy of PAN Card/
          PAN Allotment Letter/Tax refund of all applicants. In case of minor applicant, please furnish the PAN details & PAN
          proof of the guardian. In case you are not having a PAN, please furnish your declaration in FORM 60.
17.       Minimum investments:#
SIP Mode        Amount of Direct Debit through ECS                                     Min. no. of Instalments                              Min. initial subscription amount
Monthly         From Rs. 500/-                                                         11                                                   Rs. 500/-
                upto Rs. 1000/-
                > Rs. 1000/-                                                           5                                                    Rs. 1000/-
Quarterly       Minimum Rs. 1000/-                                                     3                                                    As per offer document& subsequent addendum

# Are subject to changes at short notice. For details visit our website or contact at any of our Area offices/Business Centres
                              List of cities* where SIP Through ECS is available
Ahmedabad, Baroda, Bangalore, Bhopal, Bhubaneshwar, Coimbatore, Kolkata, Chandigarh, Chennai, Delhi, Indore,
                Hyderabad, Jaipur, Lucknow, Kanpur, Mumbai, Nagpur, Patna, Guwahati, Surat, Trichy,
                            Thiruvananthapuram, Vijayawada, Vishakhapatnam and Pune
             *Subject to changes as per ECS system, please visit our web site www.licmutual.com
                         For any queries, please contact our offices on the following numbers:
                         AREA OFFICE :
                                                                                                                                                                                                                                      Crystal (022) 2382 3151/52




                         • AHMEDABAD: 9375090006,• BANGALORE : 9845172957/ 9342527219 / 9342502327 • CHENNAI : 9382315850, 9381155540 • ERNAKULAM : 9895036554 / 9349738881 • HYDERABAD : 9392471583 / 9390060072
                          •INDORE : 9303283574 • KANPUR : 9415060134 / 9336209092 / 9336209091• KOLKATA : 9339002578 / 9332114747/ 9339002574 • MUMBAI : 9321024748 / 9324543832 / 9323181203 / 9323180802
                         • NASHIK : 9326666788 • NEW DELHI : 9312335655 / 9313288981 / 9350455141 /9350455095
                         BUSINESS CENTRE :
                         • BHOPAL : 9300380797 • BHUBANESHWAR : 9338227225 • CHANDIGARH : 9316065681 • COIMBATORE : 9282216891 • DEHRADUN : 9358132483 • GHAZIABAD : 9350192555 • GURGOAN : 9313288981 • HUBLI : 9880058223
                         • JAIPUR : 9314476770 • JAMMU : 9419213201 • KARNAL : 9315563229 • KOTTAYAM : 9349736595 • KOZHIKODE: 9349739890 • LUCKNOW : 9415087505 l LUDHIANA : 9316938094 l NAGPUR : 9325266311 • PATNA : 9835212171
                         • PONDICHERRY : 9360644001 • PUNE : 9325523480 • RAIPUR : 9301701133 • RANCHI : : 9334861988 • THANE : 9323180806 • THIRUVANANTHAPURAM :9349739151 • THRISSUR : 9895840430 • VISHAKHAPATNAM : 9393339593

				
DOCUMENT INFO