Birla Sun Life Mutual Fund - Aditya Birla Capital€¦ · 01 All About Mutual Funds What is the way...

Index

All About Mutual Funds 01

Savings Solutions 04

Regular Income Solutions 19

Wealth Creation Solutions 24

Tax Savings Solutions 48

Close Ended Scheme Performance 51

Fund Manager Wise Scheme Performance 52

Funds at A Glance 53

Investment Objective 56

Dividend History 58

Sector Allocation 60

01

All About Mutual Funds

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

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

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

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

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

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

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

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

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

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

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

02

Investment OutlookEquity Investment Outlook

Domestic Growth Outlook This month we got another indication of the slowdown in India’s growth with Q3 FY12 GDP growth coming in at 6.1% versus 6.9% in Q2 FY12. To put this number in context we grew 5.6% in Dec’2008 and 6.1% is the lowest growth rate post the 2008 financial crisis. That said the reasons behind the slowdown are not new. From a supply perspective, Industrial growth has dropped significantly from a 6.8% rate in second half of FY11 to 2.6% in Q3 FY12. Slowdown in mining and manufacturing sectors is the major driver behind the slowdown in industrial growth.

From a demand stand-point the slowdown is primarily seen in gross capital formation or investments. Investments have actually shrunk by 1.6% in the July-December 2011 period. The glaring lack of investments growth is affecting not only near-term prospects, but also medium-term growth potential of the Indian economy. On the brighter side though, taking cognizance of the problems faced by industry. Unfortunately, there haven’t been any concrete proposals surfacing to solve the ongoing issues with availability of coal, land and labour.

Going forward, our fundamental view remains that India is poised for an estimated annual GDP growth of sub 7% for FY12 and FY13. We continue to believe that India is in a cyclical slowdown and all indicators point to current slowdown continuing over the next few quarters. Inflation OutlookOn the inflation front, we were pleasantly surprised as Jan 2012 WPI came in at 6.55% -- a level we were targeting by Mar 2012. More important than the headline number, manufactured products inflation (RBI gauge of core inflation) has stated to moderate and has now fallen to 6.5% in Jan 2012 from 8% in September 2011. Going forward we think that India’s inflation will oscillate between 5.5-6.5% through FY13. Our biggest comfort remains the moderation in YoY commodity prices as reflected by the CRY commodity index (CRY index is flat on YoY terms in 2012). The key risk in this forecast is a re-acceleration in commodity prices due to the liquidity injections by the ECB (European Central Bank).

Global Growth outlookGlobal markets and global economies have started to look better since mid-December 2011, when ECB (European Central Bank)

announced it will provide extended unlimited 3yr financing window to European banks at 1%. That said, we still think that Europe will struggle to grow in 2012 as a result of the austerity measures being implemented by Portugal, Spain and Italy. On the other hand, recent data out of US continues to beat expectations. US GDP growth clocked in 3% in Dec 2011 versus 0.4% in Mar 2011 quarter and consumer confidence has also picked up from 55.7 in August 2011 to 75.3 in February 2012. Overall, we continue to expect US and Europe growth to remain below trend over the next 12 months as economic recoveries for both will be hampered by high debt levels.

Central Bank StanceWe believe that RBI will focus on easing liquidity in the Mar’16 policy as borrowing in the LAF window has consistently exceeded the RBI’s comfort zone (1% of NDTL). Our expectation is for a 75bps CRR cut in the March policy. We think that the 50bps CRR cut by RBI in January 2012 is a first step along a number of liquidity and rate easing steps that the RBI will conduct over the next 9-12 months. In our view, CRR will be dramatically lower from the current 5.5% level by the time the current easing cycle is over.

We don’t think RBI will cut repo rate in the March policy meeting given the RBI stance of waiting for signs of fiscal consolidation (in the fiscal budget to be presented in Mar’16) before starting with the rate easing cycle.

Bond Market OutlookOur expectation over last few weeks that “current environment is better to own 1-3yr corporate bonds and lighten up on duration” has largely worked out. Since then, 10yr Gsec and 10yr corporate bond yields have stayed range bound in the 8.15-8.25% and 9.2-9.3% range. With RBI focused on improving liquidity over the next 1-2 months, we think the front end of the yield curve can offer attractive total return opportunity.

Due to tight liquidity conditions in money market space, partly due to seasonality and partly as a result of new SEBI regulations, 3mon and 6mon CD’s rates widened 75-100bps over last 4 weeks. We believe that both 3mon and 6mon rates have peaked at 11.15% and 10.75% respectively. With 1yr bank CD rates close to 200bps over repo rate, we think there is significant opportunity for 1-3yr rates to be 100-150bps lower over the next 6 months.

Debt Investment Outlook

The New Year momentum decelerated somewhat as we entered February 2012. The benchmark indices rose by approx. 3-3.5% (vs. 11.5-12.5% in January 2012). This was led by Real Estate, Auto and IT; while Capital Goods, Healthcare, Oil & Gas and FMCG lagged behind. Although, the liquidity tide over first 1 ½ months of the year lifted all boats together, markets have become more discerning since then. Given the policy uncertainty, we are not making significant sectoral deviations from the benchmark. However, we do maintain a bias towards rate sensitives, as monetary policy has highest potential for easing. While keeping sector allocations close to the benchmark, our preferred strategy is to build exposure through specific midcap stocks.

Expectations for policy and general economic conditions are not very high. Similarly, corporate earnings downgrade cycle is quite advanced and is decelerating. The bar for expectations is not very high and as such quite easy to surpass. Hence, risk reward seems? quite favorable for long-term investors to allocate money to equity assets. Opportunity cost of trying to time the rally could prove to be much larger than that of waiting.

03

Savings SolutionsWhat are Saving Solutions?

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

Who can benefit from Saving Solutions?

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

Regular Income SolutionsWhat are Regular Income Solutions?

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

Who can benefit from Regular Income Solutions?

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

Wealth Creation SolutionsWhat are Wealth Creation Solutions?

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

Who can benefit from Wealth Creation Solutions?

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

Tax Savings SolutionsWhat are Tax Savings Solutions?

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

Who can benefit from Tax SavingsSolutions?

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

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

04

Savings Solutions

What are Saving Solutions?

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

Who can benefit from SavingSolutions?

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

Benefits of Savings Solutions:

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

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

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

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

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

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

Birla Sun Life Cash Plus

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

Fund Details

As on February 29, 2012

Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 5 years & 7 yearsDate of inception: June 16, 1997Nature of the scheme: An Open-ended Liquid SchemeNAV of Plans / Options (`)^ Retail PlanGrowth: 279.6945 Dividend: 163.6940 Institutional PlanGrowth: 285.3258 Dividend: 108.0230 Weekly Dividend: 108.2047 Institutional Premium Plan Growth: 170.3510 Daily Dividend: 100.1950 Weekly Dividend: 100.3550

Benchmark: CRISIL Liquid Fund Index Load Structure (as % of NAV)Entry Load: Nil Exit Load: Nil Other Parameter Modified Duration : 0.06 yearsYield to Maturity: 9.59%Mark to Market: 0%Standard DeviationRetail Plan: 0.60%Institutional Plan: 0.59%Institutional Premium Plan: 0.57%

05

SAVINGS SOLUTIONS

Conservative Returns Low Risk 1 day + High Liquidity

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

Investment Performance - Retail Plan - Growth

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

(`)

Birla Sun Life Cash Plus (%)

CRISIL Liquid

Fund Index # (%)

CRISIL 1Year T-BillIndex ##

(%)

Value of Standard Investment of ` 10000 in

Birla Sun Life Cash Plus (`)

CRISIL Liquid

Fund Index # (`)

CRISIL 1Year T-Bill

Index ## (`)

Since inception till December 30, 2011 (CAGR) 10.0000 7.22 N/A N/A 275603 N/A N/A

December 30, 2010 to December 30, 2011 (Absolute) 25.4163 8.44 8.17 6.44 10844 10817 10644



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 77. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

NAV as on Dec 30, 2011: ` 275.6025

Rating Profile of Portfolio

60.60%

39.40%

AAA Cash & Current Assets

Issuer % to net Assets Rating Issuer % to net Assets RatingAllahabad Bank 7.13% State bank of Bikaner & Jaipur 2.45% CARE A1+

Canara Bank 4.20% CRISIL A1+ Axis Bank Ltd. 2.41% CRISIL A1+

ICICI Bank Ltd. 3.62% [ICRA] A1+ Karur Vysya Bank Ltd. 2.36% CRISIL A1+

Bank of Maharashtra 3.22% CRISIL A1+ Punjab National Bank 2.26% CARE A1+

Sterlite Energy Ltd. 2.59% CRISIL A1+ Indian Oil Corporation Ltd. 2.24% CRISIL A1+

Top Ten Portfolio Holdings

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

06

Birla Sun Life Cash Manager


Fund Details


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

NAV of Plans / Options (`)^Retail PlanGrowth: 257.7782 Daily Dividend: 100.0450 Weekly Dividend: 100.0380 Institutional PlanGrowth: 178.3856 Daily Dividend: 100.0300 Weekly Dividend: 100.0411

Benchmark: CRISIL Short Term Bond Fund Index

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

Other ParameterModified Duration: 0.18 yearsYield to Maturity: 10.35%Mark to Market: 25%Standard Deviation: Retail Plan: 0.56%Institutional Plan: 0.58%

SAVINGS SOLUTIONS


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


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

(`)

Birla Sun Life Cash

Manager (%)

CRISIL Short Term Bond Fund

Index # (%)


(%)


Birla Sun Life Cash Manager

(`)

CRISIL Short Term Bond Fund Index # (`)

CRISIL 1 Year

T-Bill Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 77. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

NAV as on Dec 30, 2011: ` 254.1938

62.99%

12.15%0.03%

AAA AA Cash & Current Assets


Issuer % to net Assets Rating Issuer % to net Assets RatingIndusInd Bank Ltd. 10.70% CRISIL A1+ LIC Housing Finance Ltd. 4.78% CRISIL AAA

ICICI Bank Ltd. 9.95% [ICRA] A1+ Morgan Stanley India Capital Private Ltd. 3.92% FITCH A1+

The South Indian Bank Ltd. 6.98% CARE A1+ Sundaram Finance Ltd. 3.57% FITCH AA+

Housing Development Finance Corporation Ltd. 6.26% [ICRA] A1+ Tata Capital Ltd. 2.63% CARE AA+(SO)

Fullerton India Credit Company Ltd. 5.22% [ICRA] A1+ IL&FS Financial Services Ltd. 2.62% FITCH A1+



07

Birla Sun Life Savings Fund


Fund Details

Fund Manager: Mr. Maneesh Dangi & Mr. Kaustubh GuptaManaging Fund Since: July 15, 2011Total Experience: 11 years & 5 yearsDate of inception Retail Plan: November 27, 2001Institutional Plan: April 16, 2003Nature of the scheme: An Open-ended Short Term Income Scheme

NAV of Plans / Options (`)^Retail PlanGrowth: 197.1108 Daily Dividend: 100.0680 Weekly Dividend: 100.1135 Institutional PlanGrowth: 202.6478 Daily Dividend: 100.0680 Weekly Dividend: 100.1192


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

Other ParameterModified Duration: 0.11 yearsYield to Maturity: 10.47%Mark to Market: 20%Standard DeviationRetail Plan: 0.58%Institutional Plan: 0.54%

SAVINGS SOLUTIONS



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


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

(`)

Birla Sun Life Savings

Fund (%)


Index # (%)


(%)


Birla Sun Life Savings Fund (`)


CRISIL 1Year T-Bill

Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Maneesh Dangi is 4. Total Schemes managed by Mr. Kaustubh Gupta is 77. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

NAV as on Dec 30, 2011: ` 194.1840

76.53%

23.44% 0.03%

AAA Cash & Current Assets AA


Issuer % to net Assets Rating Issuer % to net Assets RatingMorgan Stanley India Capital Private Ltd. 12.33% FITCH A1+ LIC Housing Finance Ltd. 5.31% CRISIL AAA

IndusInd Bank Ltd. 8.39% CRISIL A1+ Tata Capital Ltd. 4.79% [ICRA] A1+

Reliance Ports & Terminals Ltd. 7.89% CARE AAA ICICI Bank Ltd. 4.43% [ICRA] A1+

Reliance Capital Ltd. 7.11% CARE AAA Mahindra & Mahindra Financial Services Ltd. 3.07% CRISIL A1+

Punjab National Bank 6.19% CARE A1+ Housing Development Finance Corporation Ltd. 2.47% CRISIL AAA



08

Birla Sun Life Ultra Short Term Fund

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

Fund Details


Fund Manager: Mr. Kaustubh Gupta & Mr. Lokesh MallyaManaging Fund Since: Sep 29, 2009Total Experience: 5 years & 5 yearsDate of inception: April 19, 2002Nature of the scheme: An Open-ended Short Term Income SchemeNAV of Plans / Options (`)^ Retail PlanGrowth: 191.9380 Daily Dividend: 100.0550 Fortnightly Dividend: 103.9280 Institutional PlanGrowth: 126.9982 Daily Dividend: 100.0550 Weekly Dividend: 101.7285 Fortnightly Dividend: 103.0693


Load Structure (as % of NAV)Entry Load : NilExit Load** : For redemption/switch- out of units within 15 days from the date of allotment: 0.25% of applicable NAV. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.Other Parameter Modified Duration: 0.21 yearsYield to Maturity: 9.85%Mark to Market: 30%Standard Deviation: 0.59%

SAVINGS SOLUTIONS

Conservative Returns Low-Medium Risk 1 month + High Liquidity

Investment Performance - Retail Plan - Growth NAV as on Dec 30, 2011: ` 189.0928

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

(`)

Birla Sun Life Ultra

Short Term Fund (%)


Index # (%)


(%)


Birla Sun Life Ultra

Short Term Fund (`)


CRISIL 1 Year

T-Bill Index ## (`)

Since inception till December 30, 2011 (CAGR) 10.0000 6.80 6.31 5.13 189093 18102 16246




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Kaustubh Gupta is 77. Total Schemes managed by Mr. Lokesh Mallya is 2. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

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

79.26%

15.44%5.30%

AAA Cash & Current Assets Sovereign


Issuer % to net Assets Rating Issuer % to net Assets RatingAxis Bank Ltd. 10.51% CRISIL A1+ State Bank of Bikaner and Jaipur 5.94% CARE A1+

State Bank Of Patiala 8.69% CRISIL A1+ Hindustan Petroleum Corporation Ltd. 5.45% CRISIL A1+

IndusInd Bank Ltd. 8.50% CRISIL A1+ Bharat Petroleum Corporation Ltd. 4.37% CRISIL A1+

National Housing Bank 8.16% [ICRA] A1+ 91 Days TBills 13 April 12 4.23% Sovereign

ICICI Bank Ltd. 7.95% [ICRA] A1+ State Bank of Mysore 4.12% [ICRA] A1+



09

Birla Sun Life Dynamic Bond Fund

What is it?A dynamic income solution that aims to generate returns with active management in bonds of quality companies to capture positive price movements and minimize the impact of adverse price movements.

Fund Details

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

NAV of Plans / Options (`) Growth: 17.8759 Monthly Dividend: 10.5082 Quarterly Dividend: 11.5129

Benchmark: CRISIL Composite Bond Fund Index

Load Structure (as % of NAV) (Incl. for SIP) Entry Load: NilExit Load**: For redemption / switch-out of units within 180 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 180 days from the date of allotment: Nil. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: 1.78 yearsYield to Maturity: 10.20%Mark to Market: 87%Standard Deviation: 1.35%

SAVINGS SOLUTIONS




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

(`)


(%)

CRISIL Composite Bond Fund

Index # (%)

CRISIL 10Year Gilt

Index ## (%)


Birla Sun Life Dynamic

Bond Fund (`)

CRISIL Composite Bond Fund Index # (`)

CRISIL 10Year Gilt

Index ## (`)




December 30, 2008 to December 30, 2009 (Absolute) 14.1618 7.44 3.85 -8.57 10744 10385 9143

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

58.66%

28.86%

12.49%



Issuer % to net Assets Rating Issuer % to net Assets RatingLIC Housing Finance Ltd. 12.67% CRISIL AAA Cholamandalam Inv & Finance company Ltd. 4.27% [ICRA] AA

Housing Development Finance Corporation Ltd. 8.90% CRISIL AAA Godrej Consumer Products Ltd. 3.97% [ICRA] AA

IDBI Bank Ltd. 6.05% CRISIL AA+ Shriram Transport Finance Company Ltd. 3.85% CARE AA+

Reliance Utilities & Power Private Ltd. 5.71% CARE AAA India Bulls Financial Services Ltd. 3.54% CARE AA+

Power Finance Corporation Ltd. 4.73% CRISIL AAA Reliance Ports & Terminals Ltd. 2.63% CARE AAA



10

Birla Sun Life Medium Term Plan

What is it?An income solution that aims to optimize returns in medium term by investing with portfolio duration between 1 year to 5 years and using flexibility to change duration based on prevailing interest rate environment.

Fund Details


Fund Manager: Mr. Maneesh Dangi & Mr. Kaustubh GuptaManaging Fund Since: June 25, 2009Total Experience: 11 years & 5 yearsDate of inception: March 25, 2009 Nature of the scheme: An Open-ended Income SchemeNAV of Plans / Options (`) Retail PlanGrowth: 12.2761 Weekly Dividend: 10.0224 Fortnightly Dividend: 10.2227 Monthly Dividend: 10.1972 Institutional PlanGrowth: 11.9172 Weekly Dividend: 10.0255 Fortnightly Dividend: 10.2227 Monthly Dividend: 10.1547


Load Structure (as % of NAV) (Incl. for SIP) Entry Load: NilExit Load**: 0.25% if redeemed / switched out within 90 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.Other Parameter Modified Duration: 1.21 yearsYield to Maturity: 10.35%Mark to Market: 73%Standard Deviation: Institutional Plan: 1.05%

SAVINGS SOLUTIONS



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

(`)

Birla Sun Life Medium

Term Plan (%)


Index # (%)

CRISIL 10Year GiltIndex ##

(%)


Birla Sun Life Medium

Term Plan (`)


CRISIL 10Year Gilt

Index ## (`)




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Maneesh Dangi is 4. Total Schemes managed by Mr. Kaustubh Gupta is 77. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

63.35%

25.65%11.01%



Issuer % to net Assets Rating Issuer % to net Assets RatingSundaram Finance Ltd. 23.75% [ICRA] AA+ Mahindra & Mahindra Financial Services Ltd. 1.90% CRISIL AA+

LIC Housing Finance Ltd. 17.79% CRISIL AAA ICICI Bank Ltd. 0.28% [ICRA] A1+

Housing Development Finance Corporation Ltd. 15.78% CRISIL AAA

Reliance Utilities & Power Private Ltd. 15.65% CARE AAA

ECL Finance Ltd. 13.85% CRISIL A1+

Top Portfolio Holdings


11

Birla Sun Life Income Plus

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

Fund Details


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

NAV of Plans / Options (`)Growth: 47.6084 Quarterly Dividend: 12.6598 Benchmark: CRISIL Composite Bond Fund Index

Load Structure (as % of NAV) (Incl. for SIP) Entry Load: NilExit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.Other Parameter Modified Duration: 5.58 yearsYield to Maturity: 8.94%Mark to Market: 83%Standard Deviation: 3.33%

SAVINGS SOLUTIONS

Moderate Returns Medium Risk 1 yr + High Liquidity

Investment Performance - Growth NAV as on Dec 30, 2011: ` 46.6158

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

(`)

Birla Sun Life Income

Plus (%)


Index # (%)

CRISIL 10Year Gilt

Index ## (%)


Birla Sun Life Income Plus (`)


CRISIL 10Year Gilt

Index## (`)

Since inception till December 30, 2011 (CAGR) 10.0000 10.00 5.95 N/A 46616 20240 N/A



December 30, 2008 to December 30, 2009 (Absolute) 42.1811 -1.17 3.85 -8.57 9883 10385 9143

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When additional benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Prasad Dhonde is 6. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

37.45%

34.53%

16.78%

11.24%

Sovereign AAA Cash & Current Assets AA


Issuer % to net Assets Rating Issuer % to net Assets Rating9.15% GOI 14Nov2024 37.38% Sovereign Reliance Ports & Terminals Ltd. 5.46% CARE AAA

IDBI Bank Ltd. 10.79% CRISIL AA+ Hindustan Petroleum Corporation Ltd. 4.15% CRISIL AAA

Axis Bank Ltd. 6.81% CRISIL A1+ Power Grid Corporation of India Ltd. 3.20% CRISIL AAA

Housing Development Finance Corporation Ltd. 5.47% CRISIL AAA Reliance Gas Transportation Infra Ltd. 2.30% CRISIL AAA

Power Finance Corporation Ltd. 5.47% CRISIL AAA State Bank of Mysore 1.01% [ICRA] A1+



12

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

What is it?A moderate income fund that invests in a combination of Government securities & bonds of varying maturities which can offer superior levels of yield at relatively lower levels of risks.

Fund Details


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

NAV of Plans / Options (`) Growth: 39.0478 Monthly Dividend: 11.6020

Benchmark: CRISIL Composite Bond Fund Index

Load Structure (as % of NAV) (Incl. for SIP) Entry Load: NilExit Load**: For redemption/switch-out of units within 30 days from the date of allotment: 0.50% of applicable NAV. For redemption/switch-out of units after 30 days from the date of allotment: Nil. ** Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: 1.27 yearsYield to Maturity: 9.76%Mark to Market: 96%Standard Deviation: 3.02%

SAVINGS SOLUTIONS



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

(`)

Birla Sun Life Short Term Fund

(%)


Index # (%)

CRISIL 10Year Gilt

Index ## (%)


Birla Sun Life Short Term Fund

(`)


CRISIL 10Year Gilt

Index ## (`)




December 30, 2008 to December 30, 2009 (Absolute) 35.6783 -5.35 3.85 -8.57 9465 10385 9143

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Prasad Dhonde is 6. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

71.77%

24.24%4.00%



Issuer % to net Assets Rating Issuer % to net Assets RatingLIC Housing Finance Ltd. 12.62% CRISIL AAA Shriram Transport Finance Company Ltd. 5.78% CARE AA+

Housing Development Finance Corporation Ltd. 11.55% CRISIL AAA Mahindra & Mahindra Financial Service Ltd. 5.74% CRISIL AA+

Sundaram Finance Ltd. 9.19% [ICRA] AA+ National Housing Bank 5.73% FITCH AAA

Infrastructure Development Finance Company Ltd. 9.04% [ICRA] AAA National Housing Bank 5.64% CRISIL AAA

National Bank for Agriculture & Rural Development 6.88% CRISIL AAA Tata Motors Ltd. 5.37% CRISIL AAA(SO)


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

13

Birla Sun Life Floating Rate Fund - Long Term Plan

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

Fund Details


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

NAV of Plans / Options (`)^Retail PlanGrowth: 182.8090 Weekly Dividend: 100.0233 Institutional PlanGrowth: 125.8508 Daily Dividend: 100.0190 Weekly Dividend: 100.0237

Benchmark: CRISIL Liquid Fund Index

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

Other Parameter Modified Duration: 0.20 yearsYield to Maturity: 10.00%Mark to Market: 40%Standard Deviation: 0.44%

SAVINGS SOLUTIONS

Conservative Returns Low Risk 1 month + High Liquidity

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



(`)

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

CRISIL Liquid

Fund Index # (%)

CRISIL 1Year T - Bill

Index ## (%)


Birla Sun Life Floating

Rate Fund - Long

Term Plan (`)

CRISIL Liquid

Fund Index # (`)


Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 77. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

94.27%

5.73%



Issuer % to net Assets Rating Issuer % to net Assets RatingKarnataka Bank Ltd. 18.28% [ICRA] A1+ Indian Oil Corporation Ltd. 4.24% CRISIL A1+

State Bank of Hyderabad 11.64% [ICRA] A1+ The Jammu & Kashmir Bank Ltd. 4.22% CRISIL A1+

ICICI Bank Ltd. 8.50% [ICRA] A1+ Infrastructure Development Finance Company Ltd. 3.19% [ICRA] A1+

Canara Bank 7.93% CRISIL A1+ IDBI Bank Ltd. 3.14% CRISIL A1+

State Bank of Bikaner and Jaipur 6.09% CARE A1+ Housing Development Finance Corporation Ltd. 3.13% [ICRA] A1+



14

Birla Sun Life Floating Rate Fund - Short Term Plan

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

Fund Details


Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da CunhaManaging Fund Since: July 15, 2011Total Experience: 5 years & 7 yearsDate of inception: June 05, 2003Nature of the scheme: An Open-ended Income SchemeNAV of Plans / Options (`)^ Retail PlanGrowth: 174.9903 Daily Dividend: 100.0150 Weekly Dividend: 103.8797 Institutional PlanGrowth: 141.2055 Daily Dividend: 100.0200 Weekly Dividend: 100.2094


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

Other Parameter Modified Duration: 0.08 yearsYield to Maturity: 10.19%Mark to Market: 0%Standard Deviation: 0.54%

SAVINGS SOLUTIONS

Conservative Returns Low-Medium Risk 1 day + High Liquidity

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



(`)

Birla Sun Life Floating Rate Fund - Short Term

Plan (%)

CRISIL Liquid

Fund Index # (%)


Index ## (%)


Birla Sun Life Floating

Rate Fund - Short

Term Plan (`)

CRISIL Liquid

Fund Index # (`)

CRISIL 1Year T - BillIndex ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 77. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

93.13%

6.87%



Issuer % to net Assets Rating Issuer % to net Assets RatingInfina Finance Pvt. Ltd. 14.62% CRISIL A1+ Vijaya Bank 5.74% CARE A1+

Axis Bank Ltd. 9.77% CRISIL A1+ State Bank of Hyderabad 5.01% [ICRA] A1+

Housing Development Finance Corporation Ltd. 9.00% [ICRA] A1+ Oriental Bank of Commerce 4.84% CRISIL A1+

ICICI Bank Ltd. 7.02% [ICRA] A1+ Sesa Goa Ltd. 4.11% CRISIL A1+

IndusInd Bank Ltd. 5.90% ING Vysya Bank Ltd. 3.90% CRISIL A1+



83.84%

16.16%

15

Birla Sun Life Gilt Plus

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


Fund Manager: Mr. Prasad DhondeManaging Fund Since: July 01, 2011Total Experience: 11 yearsDate of inception: October 12, 1999Nature of the scheme: An Open-ended Government Securities SchemeNAV of Plans / Options (`) Liquid Plan Growth: 23.9167 Dividend: 10.6869 Annual Dividend Option: 10.8274 PF Plan Growth: 27.6004 Dividend: 11.0714 Regular PlanGrowth: 34.0907 Dividend: 12.5825 Benchmark: Liquid Plan: I-Sec SI-BEXPF Plan: I-Sec LI-BEXRegular Plan: I-Sec LI-BEX

Load Structure (as % of NAV) (Incl .for SIP)Liquid Plan, Regular Plan & PF Plan - Quarterly / Annual DividendEntry Load: NilExit Load: NilPF Plan - GrowthEntry Load: NilExit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.Other Parameter Modified Duration: Liquid Plan: 0.00 yearsPF Plan: 5.12 years Regular Plan: 5.04 years Yield to Maturity: Liquid Plan: 8.30% PF Plan: 8.35% Regular Plan: 8.36% Mark to Market:Liquid Plan: 93% PF Plan: 64% Regular Plan: 61%Standard Deviation: Liquid Plan: 1.06% PF Plan: 4.08%Regular Plan: 3.87%


Top Portfolio Holdings - Liquid PlanIssuer % to net Assets Rating Issuer % to net Assets Rating91 Days TBills 13 April 12 83.84% Sovereign Cash & Current Assets 36.11%Cash & Current Assets 16.16% 8.79% GOI 08 Nov 2021 33.68% Sovereign

9.15% GOI 14Nov2024 30.22% Sovereign

Top Portfolio Holdings - PF Plan

SAVINGS SOLUTIONS


Issuer % to net Assets RatingCash & Current Assets 38.08%8.79% GOI 08 Nov 2021 34.98% Sovereign9.15% GOI 14Nov2024 26.94% Sovereign

Investment Performance - Liquid Plan - Growth NAV as on Dec 30, 2011: ` 23.6093 Date of Inception: Oct 12, 1999 NAV Per

Unit. *(`)

Birla Sun Life Gilt Plus- Liquid Plan

(%)

I-Sec SI-BEX # (%)

CRISIL 1 Year

T-Bill Index ## (%)


Birla Sun Life Gilt

Plus - Liquid Plan (`)

I-Sec SI-BEX # (`)

CRISIL 1 YearT-Bill Index

## (`)






(`)

Birla Sun Life Gilt Plus- PF

Plan (%)

I-Sec LI-BEX # (%)

CRISIL 10 Year

Gilt Index ## (%)


Birla Sun Life Gilt Plus- PF Plan (`)

I-Sec LI-BEX # (`)

CRISIL 10 Year

Gilt Index ## (`)




December 30, 2008 to December 30, 2009 (Absolute) 26.6314 -10.28 -7.35 -8.57 8972 9265 9143

Investment Performance - PF Plan - Growth NAV as on Dec 30, 2011: ` 26.9191


(`)

Birla Sun Life Gilt Plus -

Regular Plan (%)

I-Sec LI-BEX # (%)

CRISIL 10 Year

Gilt Index ## (%)


Birla Sun Life Gilt

Plus- Regular Plan (`)

I-Sec LI-BEX # (`)

CRISIL 10 Year

Gilt Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Prasad Dhonde is 6. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Investment Performance - Regular Plan - Growth NAV as on Dec 30, 2011: ` 33.3667

Liquid Plan PF Plan Regular Plan

61.92%

38.08%

Sovereign Cash & Current Assets

63.89%

36.11%


63.89%

36.11%



Top Portfolio Holdings - Regular Plan

Fund Details

Birla Sun Life Government Securities Fund

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


Fund Details

Fund Manager: Mr. Maneesh DangiManaging Fund Since: June 18, 2009Total Experience: 11 yearsDate of inception: October 28, 1999Nature of the scheme: An Open-ended Gilt SchemeNAV of Plans / Options (`) Long Term PlanGrowth: 30.9753 Half Yearly Dividend: 11.8497 Short Term Plan Retail PlanGrowth: 20.3300 Daily Dividend: 10.0031 Institutional PlanDaily Dividend: 10.0000 Benchmark: Long Term Plan: I-Sec LI-BEXShort Term Plan: I-Sec SI-BEXLoad Structure (as % of NAV) (Incl. for SIP) Entry Load: NilExit Load**: Long Term Plan: 1% if redeemed / switched out within 365 days from the date of allotment.Short Term Plan: Nil **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterModified Duration:Long Term Plan: 6.45 yearsShort Term Plan: 0.00 yearsYield to Maturity: Long Term Plan: 8.24%Short Term Plan: 8.30%Mark to Market: Long Term Plan: 90%Short Term Plan: 0%Standard Deviation:Long Term Plan: 5.09%Short Term Plan: 0.70%


Issuer % to net Assets Rating Issuer % to net Assets Rating8.79% GOI 08 Nov 2021 69.28% Sovereign Cash & Current Assets 100.00%

9.15% GOI 14Nov2024 21.51% Sovereign

Cash & Current Assets 9.21% Sovereign

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

SAVINGS SOLUTIONS



(`)

Birla Sun Life

Government Securities

Fund - Long Term Plan

(%)

I-Sec LI-BEX # (%)

CRISIL 10Year Gilt

Index ## (%)


Birla Sun Life


Fund - Long Term Plan

(`)

I-Sec LI-BEX # (`)


(`)




December 30, 2008 to December 30, 2009 (Absolute) 21.7180 18.16 -7.35 -8.57 11816 9265 9143

Investment Performance - Long Term Plan - Growth NAV as on Dec 30, 2011: ` 30.0114


(`)

Birla Sun Life


Fund - Short Term Plan

(%)

I-Sec SI-BEX # (%)


Index ## (%)


Birla Sun Life


Fund - Short Term Plan (`)

I-Sec SI-BEX

# (`)

CRISIL 1Year T - BillIndex ## (`)





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

Investment Performance - Short Term Plan - Retail Growth NAV as on Dec 30, 2011: ` 20.0783

16

Long Term Plan Short Term Plan

100.00%

Cash & Current Assets

90.79%

9.21%



17

Birla Sun Life Enhanced Arbitrage Fund

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

Fund Details


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

NAV of Plans / Options (`) Retail PlanGrowth: 11.5198 Dividend: 11.2498 Institutional PlanGrowth: 0.0000 Dividend: 0.0000


Load Structure (as % of NAV) (Incl. for SIP) Entry Load: NilExit Load**: For Redemption / Switch-out of units before 90 days from the date of allotment: 0.75%. For Redemption / Switch-out of units on or after 90 days but before 180 days from the date of allotment: 0.50%. For Redemption/ Switch-out of units on or after 180 days from the date of allotment: Nil. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

SAVINGS SOLUTIONS

Conservative Returns Low-Medium Risk 1 yr + High Liquidity


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

(`)

Birla Sun Life

Enhanced Arbitrage Fund (%)

CRISIL Liquid

Fund Index # (%)

BSE SENSEX ##

(%)


Birla Sun Life

Enhanced Arbitrage Fund (`)

CRISIL Liquid

Fund Index # (`)

BSE SENSEX

## (`)




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsApollo Tyres Ltd. 13.54% Reliance Industries Ltd. 8.13%

Rolta India Ltd. 12.50% Pantaloon Retail (India) Ltd. 7.48%

Cipla Ltd. 9.42% Tata Motors Ltd. - DVR 6.07%

Bajaj Auto Ltd. 8.93% Tata Motors Dvr 'A' Ordinar Fut Mar 2012 -6.15%

ITC Ltd. 8.23% Pantaloon Retail (India) Ltd. Fut Mar 12 -7.58%


18

Birla Sun Life Short Term Opportunities Fund

Fund Details


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

NAV of Plans / Options (`) Retail Plan Growth: 16.6033 Dividend: 10.8828 Weekly Dividend: 10.0016 Institutional PlanGrowth: 12.1600 Dividend: 10.9955 Weekly Dividend: 9.9000 Benchmark: CRISIL Liquid Fund Index

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

Other ParameterStandard Deviation: 0.60%

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



(`)

Birla Sun LifeShort Term

OpportunitiesFund (%)

CRISILLiquid

Fund Index # (%)


Index ## (%)


Birla Sun LifeShort Term

OpportunitiesFund (`)

CRISILLiquidFund Index # (`)


Index## (`)





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

SAVINGS SOLUTIONS

Conservative Returns Low-Medium Risk 1 yr + High Liquidity

What is it?It is a fund that focuses on enhancing the portfolio returns by identifying mispriced credit opportunities in the market and selectively investing in them.

88.30%

11.70%



Issuer % to net Assets Rating Issuer % to net Assets RatingICICI Bank Ltd. 17.49% [ICRA] A1+ Axis Bank Ltd. 5.33% CRISIL A1+

The Federal Bank Ltd. 17.40% CRISIL A1+ United Bank of India 3.61% CARE A1+

IDBI Bank Ltd. 17.00% [ICRA] A1+ Dena Bank 3.61% CRISIL A1+

Canara Bank 12.42% CRISIL A1+ Punjab & Sind Bank 2.87% [ICRA] A1+

Corporation Bank 8.11% CRISIL A1+ Andhra Bank 0.44% CARE A1+


19

Regular Income Solutions

What are Regular IncomeSolutions?

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

Who can benefit from Regular Income Solutions?

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

Benefits of Regular Income Solutions:

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

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

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

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

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

20

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

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

Fund Details


Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit DholakiaManaging Fund Since: June 18, 2009Total Experience: 12 years & 11 yearsDate of inception: July 14, 1999Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`) Growth: 38.8776 Monthly Dividend: 11.3863 Quarterly Dividend: 11.9545

Benchmark: CRISIL MIP Blended Index

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

Other ParameterModified Duration: 3.13 yearsYield to Maturity: 9.57%(for Debt Component)Mark to Market: 87%Standard Deviation: 4.07%Sharpe Ratio##: 0.53 Beta: 0.83

REGULAR INCOME SOLUTIONS


Investment Performance - Growth

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

(`)

Birla Sun Life Monthly Income (%)

CRISIL MIP Blended

Index # (%)


(%)


Birla Sun Life Monthly

Income (`)

CRISIL MIP Blended

Index # (`)

CRISIL 10Year Gilt

Index## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme.Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Satyabrata Mohanty is 17. Total Schemes managed by Mr. Nishit Dholakia is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

NAV as on Dec 30, 2011: ` 37.5305

47.69%

26.16%

13.22%

12.93%

AAA AA Others Cash & Current Assets


Issuer % to net Assets Rating Issuer % to net Assets RatingIDBI Bank Ltd. 15.99% CRISIL AA+ Reliance Ports & Terminals Ltd. 6.38% CARE AAA

LIC Housing Finance Ltd. 12.30% CRISIL AAA Power Grid Corporation of India Ltd. 3.19% CRISIL AAA

Power Finance Corporation Ltd. 9.87% CRISIL AAA Axis Bank Ltd. 2.34% CRISIL A1+

Aditya Birla Nuvo Ltd. 7.79% [ICRA] AA+ Tata Sons Ltd. 2.34% CRISIL AAA

Reliance Utilities & Power Private Ltd. 6.83% CARE AAA Yes Bank Ltd. 2.19% [ICRA] AA


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 9.02% (91 day T-bill yield as on Feb 29, 2012).

21

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


Fund Details


Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit DholakiaManaging Fund Since: June 18, 2009Total Experience: 12 years & 11 yearsDate of inception: November 20, 2000Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`) Monthly Growth/ Payment: 28.0179 Monthly Dividend: 11.3166 Benchmark: CRISIL MIP Blended Index

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

Other Parameter Modified Duration: 3.14 yearsYield to Maturity: 9.57%(for Debt Component)Mark to Market: 87%Standard Deviation: 4.12%Sharpe Ratio##: 0.18 Beta: 0.83



Investment Performance - Growth


(`)

Birla Sun Life MIP (%)

CRISIL MIP Blended

Index # (%)


(%)


Birla Sun Life MIP

(`)

CRISIL MIP Blended

Index # (`)

CRISIL 10Year Gilt

Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown.Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme.Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Satyabrata Mohanty is 17. Total Schemes managed by Mr. Nishit Dholakia is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

NAV as on Dec 30, 2011: ` 27.0326

55.66%22.35%

17.30%2.76% 1.93%

AAA OthersAA Cash & Current AssetsSovereign


Issuer % to net Assets Rating Issuer % to net Assets RatingReliance Ports & Terminals Ltd. 13.72% CARE AAA Reliance Utilities & Power Private Ltd. 6.78% CARE AAA

IDBI Bank Ltd. 12.52% CRISIL AA+ Housing Development Finance Corporation Ltd. 3.87% CRISIL AAA

Power Finance Corporation Ltd. 10.62% CRISIL AAA IDBI Bank Ltd. 2.74% CRISIL AA+

Power Grid Corporation of India Ltd. 10.31% CRISIL AAA Aditya Birla Nuvo Ltd. 2.04% [ICRA] AA+

LIC Housing Finance Ltd. 8.87% CRISIL AAA 06.90% CGL 2019 1.93% Sovereign



Issuer % to net Assets Rating Issuer % to net Assets RatingLIC Housing Finance Ltd. 15.52% CRISIL AAA IDBI Bank Ltd. 4.75% CRISIL AA+

Power Finance Corporation Ltd. 8.69% CRISIL AAA Reliance Ports & Terminals Ltd. 4.21% CARE AAA

Power Finance Corporation Ltd. 8.66% [ICRA] AAA Tata Capital Ltd. 2.43% CARE AA+

IDBI Bank Ltd. 6.36% CRISIL AA+ Yes Bank Ltd. 1.60% [ICRA] AA

Housing Development Finance Corporation Ltd. 6.34% CRISIL AAA The South Indian Bank Ltd. 1.10%


22

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


Fund Details


Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit DholakiaManaging Fund Since: June 18, 2009Total Experience: 12 years & 11 yearsDate of inception: May 22, 2004Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`) Monthly Growth / Payment: 18.8029 Monthly Dividend: 11.2391 Benchmark: CRISIL MIP Blended Index

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

Other Parameter Modified Duration: 3.00 yearsYield to Maturity: 9.48%Mark to Market: 84%Standard Deviation: 6.47%Sharpe Ratio##: 0.52 Beta: 1.33





(`)

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

CRISIL MIP Blended

Index # (%)


(%)


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

CRISIL MIP Blended

Index # (`)

CRISIL 10Year Gilt

Index ## (`)


December 30, 2010 to December 30, 2011 (Absolute) 17.9253 -0.47 1.82 1.88 9953 10182 10188



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme.Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Satyabrata Mohanty is 17. Total Schemes managed by Mr. Nishit Dholakia is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

44.47%

24.22%

15.32%

15.23% 0.76%

AAA OtherAA Cash & Current AssetsSovereign



23

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


Fund Details


Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit DholakiaManaging Fund Since: June 18, 2009Total Experience: 12 years & 11 yearsDate of inception: May 22, 2004Nature of the scheme: An Open-ended Income Scheme

NAV of Plans / Options (`) Monthly Growth / Payment: 19.0439 Monthly Dividend: 11.5081 Benchmark: CRISIL MIP Blended Index

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

Other Parameter Modified Duration: 3.06 yearsYield to Maturity: 9.92%(for Debt Component)Mark to Market: 89%Standard Deviation: 2.39%Sharpe Ratio##: -0.15Beta: 0.45


Issuer % to net Assets Rating Issuer % to net Assets RatingLIC Housing Finance Ltd. 15.96% CRISIL AAA Tata Sons Ltd. 4.30% CRISIL AAA

Power Finance Corporation Ltd. 15.10% CRISIL AAA Indian Railway Finance Corporation Ltd. 3.06% CRISIL AAA

IDBI Bank Ltd. 14.60% CRISIL AA+ LIC Housing Finance Ltd. 2.89% CARE AAA

Reliance Utilities & Power Private Ltd. 11.57% CARE AAA Axis Bank Ltd. 2.67% CRISIL A1+

Reliance Capital Ltd. 7.22% CARE AAA Sundaram Finance Ltd. 1.69% [ICRA] AA+






(`)

Birla Sun Life MIP

II - Savings 5 Plan (%)

CRISIL MIP Blended

Index # (%)


(%)


Birla Sun Life MIP II

- Savings 5 Plan (`)

CRISIL MIP Blended Index #

(`)

CRISIL 10Year Gilt

Index ## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns.Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Satyabrata Mohanty is 17. Total Schemes managed by Mr. Nishit Dholakia is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

64.56%

16.29%

10.24%8.91%

AAA AA Cash & Current Assets Others


24

Wealth Creation Solutions

What are Wealth CreationSolutions?

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

Who can benefit from Wealth Creation Solutions?

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

Benefits of Wealth Creation Solutions:

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

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

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

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

25

Birla Sun Life Equity Fund

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

Fund Details


Fund Manager: Mr. Mahesh PatilManaging Fund Since: November 17, 2005Total Experience: 20 yearsDate of inception: August 27, 1998Nature of the scheme: An Open-ended Growth Scheme

NAV of Plans / Options (`) Growth: 237.35 Dividend: 59.79

Benchmark: BSE 200

Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 1% if redeemed switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.Other ParameterStandard Deviation: 28.23%Sharpe Ratio##: 0.62 Beta: 0.96

WEALTH CREATIONSOLUTIONS

High Returns High Risk 3 yrs+ High Liquidity


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

(`)

Birla Sun Life Equity Fund (%)

BSE 200 # (%)

BSE SENSEX ##

(%)


Birla Sun Life Equity

Fund (`)

BSE 200 # (`)

BSE SENSEX

## (`)

Since inception till December 30, 2011 (CAGR)

10.00 25.42 14.07 13.14 203226 57980 51977

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

284.83 -28.65 -26.40 -24.20 7135 7360 7580


250.44 13.73 15.95 17.56 11373 11595 11756


133.37 87.78 86.70 78.50 18778 18670 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mahesh Patil is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsReliance Industries Ltd. 5.96% State Bank of India 3.47%

Infosys Ltd. 5.24% Tata Consultancy Services Ltd. 3.18%

ICICI Bank Ltd. 4.72% Tata Motors Ltd. - DVR 2.83%

Housing Development Finance Corporation Ltd. 4.37% Bharti Airtel Ltd. 2.57%

ITC Ltd. 3.52% Dr. Reddys Laboratories Ltd. 2.44%


Note:Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 9.02% (91 day T-bill yield as on Feb 29, 2012).

26

Birla Sun Life Advantage Fund

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

Fund Details


Fund Manager: Mr. Satyabrata MohantyManaging Fund Since: October 17, 2011Total Experience: 12 yearsDate of inception: February 24, 1995Nature of the scheme: An Open-ended Growth SchemeNAV of Plans / Options (`) Growth: 144.68 Dividend: 74.02 Benchmark: BSE Sensex

Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 0.50% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Other ParameterStandard Deviation: 29.27%Sharpe Ratio##: 0.61 Beta: 1.03



Date of Inception: Feb 24, 1995 NAV Per Unit. *

(`)

Birla Sun Life

Advantage Fund (%)

BSE SENSEX

# (%)

S&P CNX Nifty ##

(%)


Birla Sun Life

Advantage Fund (`)

BSE SENSEX

# (`)

S&P CNX Nifty ## (`)



171.98 -27.40 -24.20 -24.21 7260 7580 7579


151.07 13.84 17.56 18.04 11384 11756 11804


81.33 85.75 78.50 73.50 18575 17850 17350

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Satyabrata Mohanty is 17. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsState Bank of India 5.19% HDFC Bank Ltd. 4.00%

Infosys Ltd. 4.49% Reliance Industries Ltd. 3.90%

Tata Motors Ltd. 4.14% Larsen & Toubro Ltd. 3.21%

HCL Technologies Ltd. 4.13% Tata Consultancy Services Ltd. 3.05%

ICICI Bank Ltd. 4.01% Axis Bank Ltd. 2.92%




27

Birla Sun Life Midcap Fund

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

Fund Details


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

NAV of Plans / Options (`)Growth: 101.73 Dividend: 20.63

Benchmark: CNX Midcap

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





(`)

Birla Sun Life Midcap

Fund (%)

CNX Midcap #

(%)

BSE SENSEX ##

(%)


Birla Sun Life Midcap Fund (`)

CNX Midcap

# (`)

BSE SENSEX

## (`)


10.00 26.53 N/A 19.67 87355 N/A 52602


117.66 -25.75 -30.17 -24.20 7425 6983 7580


104.24 12.87 17.97 17.56 11287 11797 11756


47.67 118.67 100.22 78.50 21867 20022 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsGlaxosmithkline Consumer Healthcare Ltd. 3.71% Torrent Pharmaceuticals Ltd. 2.88%

Divis Laboratories Ltd. 3.31% Castrol India Ltd. 2.71%

Bata India Ltd. 3.17% United Phosphorus Ltd. 2.70%

Cadila Healthcare Ltd. 2.96% Motherson Sumi Systems Ltd. 2.68%

Solar Industries India Ltd. 2.95% Godrej Consumer Products Ltd. 2.64%


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns,source: MFI Explorer ## Risk-free rate assumed to be 9.02% (91 day T-bill yield as on Feb 29, 2012).


28

Birla Sun Life Frontline Equity Fund

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

Fund Details


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


Benchmark: BSE 200





Date of Inception: Aug 30, 2002

NAV Per Unit. *

(`)


(%)

BSE 200 # (%)

BSE SENSEX ##

(%)


Birla Sun Life Frontline

Equity Fund (`)

BSE 200 # (`)

BSE SENSEX

## (`)


10.00 23.90 19.40 18.44 72994 52368 48582


94.21 -22.52 -26.40 -24.20 7748 7360 7580


79.27 18.85 15.95 17.56 11885 11595 11756


42.03 88.60 86.70 78.50 18860 18670 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsReliance Industries Ltd. 6.37% Tata Consultancy Services Ltd. 3.51%

Infosys Ltd. 5.20% State Bank of India 3.12%

ICICI Bank Ltd. 5.20% Larsen & Toubro Ltd. 2.99%

Housing Development Finance Corporation Ltd. 4.97% Dr. Reddy's Laboratories Ltd. 2.89%

ITC Ltd. 4.57% Bharti Airtel Ltd. 2.89%


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer## Risk-free rate assumed to be 9.02% (91 day T-bill yield as on Feb 29, 2012).


29

Birla Sun Life Infrastructure Fund

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

Fund Details


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

NAV of Plans / Options (`) Growth: 14.57 Dividend: 10.04 Benchmark: S&P CNX Nifty






(`)

Birla Sun Life Infrastructure

Fund (%)

S&P CNX

Nifty # (%)

BSE SENSEX ##

(%)


Birla Sun Life Infrastructure

Fund (`)

S&P CNX Nifty # (`)

BSE SENSEX

## (`)


10.00 2.99 6.37 6.28 11860 14299 14231


18.02 -34.18 -24.21 -24.20 6582 7579 7580


16.51 9.15 18.04 17.56 10915 11804 11756


8.41 96.31 73.50 78.50 19631 17350 17850

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

Issuer % to net Assets Issuer % to net AssetsICICI Bank Ltd. 6.38% HDFC Bank Ltd. 2.96%

Larsen & Toubro Ltd. 4.14% Sadbhav Engineering Ltd. 2.88%

Cummins India Ltd. 3.83% Gujarat Gas Company Ltd. 2.38%

Reliance Industries Ltd. 3.47% IndusInd Bank Ltd. 2.36%

The Federal Bank Ltd. 3.07% Bharti Airtel Ltd. 2.30%




30

Birla Sun Life India GenNext Fund

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

Fund Details


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


Benchmark: S&P CNX Nifty





Date of Inception: Aug 05, 2005

NAV Per Unit. *

(`)

Birla Sun Life India GenNext Fund (%)

S&P CNX Nifty # (%)

BSE SENSEX ##

(%)


Birla Sun Life India GenNext Fund (`)

S&P CNX Nifty # (`)

BSE SENSEX

## (`)


10.00 12.96 11.06 11.37 21832 19585 19932


25.26 -13.58 -24.21 -24.20 8642 7579 7580


19.83 27.38 18.04 17.56 12738 11804 11756


12.58 57.63 73.50 78.50 15763 17350 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsHDFC Bank Ltd. 4.55% Nestle India Ltd. 3.29%

Castrol India Ltd. 4.22% ICICI Bank Ltd. 3.24%

Axis Bank Ltd. 3.89% Hathway Cable & Datacom Ltd. 3.18%

Sun Pharmaceutical Industries Ltd. 3.63% Bata India Ltd. 3.08%

Hero MotoCorp Ltd. 3.43% ITC Ltd. 2.74%




31

Birla Sun Life New Millennium Fund

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

Fund Details


Fund Manager: Mr. Atul PenkarManaging Fund Since: September 12, 2007Total Experience: 11 yearsDate of inception: January 15, 2000Nature of the scheme: An Open-ended Growth Scheme


Benchmark: BSE Teck





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

(`)

Birla Sun Life New

Millennium Fund (%)

BSE Teck # (%)

BSE SENSEX ##

(%)


Birla Sun Life New

Millennium Fund (`)

BSE Teck # (`)

BSE SENSEX

## (`)


10.00 4.80 N/A 9.06 17427 N/A 28241


22.20 -21.49 -16.21 -24.20 7851 8379 7580


18.98 16.97 23.78 17.56 11697 12378 11756


10.31 84.09 66.92 78.50 18409 16692 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown.Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsInfosys Ltd. 37.79% Oracle Financial Services Software Ltd. 5.43%

Tata Consultancy Services Ltd. 15.17% Polaris Financial Technology Ltd. 4.04%

Bharti Airtel Ltd. 12.41% Wipro Ltd. 3.61%

Hexaware Technologies Ltd. 7.05% OnMobile Global Ltd. 2.06%

HCL Technologies Ltd. 5.68% Mphasis Ltd. 1.87%




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



Load Structure (as % of NAV) (Incl .for SIP)Entry Load: NilExit Load**: 0.50% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.


32

Birla Sun Life Top 100 Fund

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

Fund Details





(`)

Birla Sun Life Top 100

Fund (%)

S&P CNX Nifty # (%)

BSE SENSEX ##

(%)


Birla Sun Life Top

100 Fund (`)

S&P CNX Nifty # (`)

BSE SENSEX

## (`)


10.00 10.98 11.56 11.41 19037 19671 19512


24.15 -21.17 -24.21 -24.20 7883 7579 7580


20.43 18.18 18.04 17.56 11818 11804 11756


11.78 73.50 73.50 78.50 17350 17350 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Mahesh Patil is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsReliance Industries Ltd. 6.81% Bharti Airtel Ltd. 3.22%

Housing Development Finance Corporation Ltd. 5.24% Tata Motors Ltd. - DVR 2.88%

Infosys Ltd. 5.23% Larsen & Toubro Ltd. 2.86%

ICICI Bank Ltd. 4.76% Jindal Steel & Power Ltd. 2.76%

ITC Ltd. 4.74% State Bank of India 2.63%




33

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

Fund Details


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


Benchmark: BSE 200



Birla Sun Life Buy India Fund




(`)

Birla Sun Life Buy

India Fund (%)

BSE 200 # (%)

BSE SENSEX ##

(%)


Birla Sun Life Buy

India Fund (`)

BSE 200 # (`)

BSE SENSEX

## (`)


10.00 11.02 7.97 9.06 34476 25017 28241


44.96 -23.31 -26.40 -24.20 7669 7360 7580


36.77 22.27 15.95 17.56 12227 11595 11756


18.94 94.14 86.70 78.50 19414 18670 17850


Issuer % to net Assets Issuer % to net AssetsHousing Development Finance Corporation Ltd. 5.21% Shoppers Stop Ltd. 3.46%

GlaxoSmithKline Pharmaceuticals Ltd. 4.20% Pfizer Ltd. 3.44%

Maruti Suzuki India Ltd. 3.81% Rallis India Ltd. 3.42%

Mahindra & Mahindra Ltd. 3.60% Wyeth Ltd. 3.18%

ING Vysya Bank Ltd. 3.49% Tata Global Beverages Ltd. 3.18%




34

Birla Sun Life MNC Fund

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

Fund Details


Fund Manager: Mr. Ajay GargManaging Fund Since: June 18, 2009Total Experience: 15 yearsDate of inception: December 27, 1999Nature of the scheme: An Open-ended Growth Scheme


Benchmark: CNX MNC

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




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

(`)

Birla Sun Life MNC Fund (%)

CNX MNC # (%)

BSE SENSEX ##

(%)


Birla Sun Life MNC Fund (`)

CNX MNC # (`)

BSE SENSEX

## (`)


36.11 27.63 8.23 10.19 187635 25865 32075


214.69 -12.60 -12.51 -24.20 8740 8749 7580


162.85 31.83 11.03 17.56 13183 11103 11756


84.96 91.68 90.17 78.50 19168 19017 17850


Issuer % to net Assets Issuer % to net AssetsICRA Ltd. 5.99% CRISIL Ltd. 4.38%

Honeywell Automation India Ltd. 5.71% Bosch Ltd. 4.29%

Gujarat Gas Company Ltd. 5.30% Cummins India Ltd. 4.17%

ING Vysya Bank Ltd. 4.96% Maruti Suzuki India Ltd. 3.84%

Oracle Financial Services Software Ltd. 4.45% Pfizer Ltd. 3.60%




35

Birla Sun Life Index Fund

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

Fund Details


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




Other ParameterStandard Deviation: 26.66%



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

(`)

Birla Sun Life Index Fund (%)

S&P CNX Nifty # (%)

BSE SENSEX ##

(%)


Birla Sun Life Index Fund (`)

S&P CNX Nifty # (`)

BSE SENSEX

## (`)


10.00 17.71 18.13 19.01 45473 47014 50345


60.63 -25.00 -24.21 -24.20 7500 7579 7580


51.56 17.60 18.04 17.56 11760 11804 11756


29.75 73.29 73.50 78.50 17329 17350 17850


Issuer % to net Assets Issuer % to net AssetsCNX Nifty Future MAR 12 8.60% HDFC Bank Ltd. 5.10%

Reliance Industries Ltd. 7.73% Housing Development Finance Corporation Ltd. 4.74%


ITC Ltd. 6.09% Tata Consultancy Services Ltd. 3.45%

ICICI Bank Ltd. 5.79% State Bank of India 3.22%


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


36

Birla Sun Life India Opportunities Fund

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

Fund Details


Fund Manager: Mr. Atul PenkarManaging Fund Since: September 12, 2007Total Experience: 11 yearsDate of inception: December 27, 1999Nature of the scheme: An Open-ended Growth SchemeNAV of Plans / Options (`) Growth: 49.99 Dividend: 15.80 Benchmark: S&P CNX 500





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

(`)

Birla Sun Life India

Opportunities Fund (%)

S&P CNX 500 # (%)

BSESENSEX ##

(%)


Birla Sun Life India

Opportunities Fund (`)

S&P CNX 500 #

(`)

BSE SENSEX

## (`)


23.70 8.77 12.85 10.19 41181 42735 32075


58.39 -29.47 -26.65 -24.20 7053 7335 7580


50.05 16.66 13.88 17.56 11666 11388 11756


23.91 109.33 86.90 78.50 20933 18690 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsHexaware Technologies Ltd. 10.17% CRISIL Ltd. 4.60%

Oracle Financial Services Software Ltd. 6.22% Hindalco Industries Ltd. 4.51%

Cummins India Ltd. 5.37% Wipro Ltd. 4.33%

Infosys Ltd. 5.03% Hindustan Zinc Ltd. 3.96%

Honeywell Automation India Ltd. 4.80% HCL Technologies Ltd. 3.93%




37

Birla Sun Life Dividend Yield Plus

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

Fund Details


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

NAV of Plans / Options (`) Growth: 85.68 Dividend: 12.85 Benchmark: S&P CNX 500






(`)

Birla Sun Life Dividend

Yield Plus (%)

S&P CNX 500 # (%)

BSE SENSEX ##

(%)



(`)

S&P CNX 500 # (`)

BSE SENSEX

## (`)


10.00 25.22 19.34 19.23 73112 47785 47401


89.24 -18.07 -26.65 -24.20 8193 7335 7580


69.02 29.30 13.88 17.56 12930 11388 11756


36.41 89.56 86.90 78.50 18956 18690 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Nishit Dholakia is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsITC Ltd. 3.61% Glaxosmithkline Consumer Healthcare Ltd. 2.46%

Bajaj Auto Ltd. 3.35% Infosys Ltd. 2.38%

Tata Motors Ltd. - DVR 3.16% Bharat Petroleum Corporation Ltd. 2.19%

Oil & Natural Gas Corporation Ltd. 3.03% Cummins India Ltd. 2.12%

Hero MotoCorp Ltd. 3.01% Castrol India Ltd. 2.08%




38

Birla Sun Life ‘95 Fund

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


Fund Details

Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit DholakiaManaging Fund Since: June 18, 2009Total Experience: 12 years & 11 yearsDate of inception: February 10, 1995Nature of the scheme: An Open-ended Balanced SchemeNAV of Plans / Options (`) Growth: 306.58 Dividend: 99.83

Benchmark: CRISIL Balanced Fund Index

Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.Other Parameter Standard Deviation: 19.39%Sharpe Ratio##: 0.96 Beta: 1.05





(`)


(%)

CRISIL Balanced

Fund Index # (%)

BSE SENSEX ##

(%)


Birla Sun Life ‘95 Fund (`)

CRISIL Balanced

Fund Index # (`)

BSE SENSEX

## (`)


10.00 21.74 N/A 9.15 277772 N/A 43880


320.70 -13.39 -14.09 -24.20 8661 8591 7580


268.54 19.42 13.63 17.56 11942 11363 11756


157.92 70.05 47.58 78.50 17005 14758 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown.Total Schemes Co-Managed by Fund Managers is 6. Total Schemes managed by Mr. Satyabrata Mohanty is 18. Total Schemes managed by Mr. Nishit Dholakia is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

Rating Profile of portfolio

79.08%

10.74%6.43%

3.20%0.55%

Others AAAAA Cash & Current AssetsSovereign

Issuer % to net Assets Rating Issuer % to net Assets RatingIDBI Bank Ltd. 9.99% CRISIL AA+ Tata Consultancy Services Ltd. 3.05%


Infosys Ltd. 3.20% State Bank of India 2.96%

LIC Housing Finance Ltd. 3.16% CRISIL AAA Housing Development Finance Corporation Ltd. 2.63% CRISIL AAA

HDFC Bank Ltd. 3.16% Larsen & Toubro Ltd. 2.46%



39

Birla Sun Life Asset Allocation Fund

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

Fund Details


Fund Manager: Mr. Satyabrata MohantyManaging Fund Since: June 18, 2009Total Experience: 12 yearsDate of inception: February 24, 2004Nature of the scheme: An Open-ended Fund of Funds Scheme

NAV of Plans / Options (`) Aggressive Plan Growth: 32.9734 Dividend: 32.9734 Conservative Plan Growth: 21.6072 Dividend: 21.6072 Moderate Plan Growth: 28.3712 Dividend: 28.3712 Benchmark: Aggressive Plan: S&P CNX NiftyModerate Plan: CRISIL Balanced Fund IndexConservative Plan: CRISIL MIP Blended Index

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

Other ParameterStandard Deviation Aggressive Plan: 18.97%Conservative Plan: 5.38%Moderate Plan: 13.55%

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

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


Moderate Returns Medium-High Risk 3 yrs+ High Liquidity

Issuer % to net AssetsBirla Sun Life Income Plus - Growth 45.35%Birla Sun Life Small and Midcap Fund - Growth 11.21%Birla Sun Life Infrastructure Fund - Growth 11.04%Birla Sun Life Govt. Securities Fund - Long Term Plan - Growth 10.34%Cash & Cash Equivalents 10.55%Birla Sun Life Advantage Fund - Growth 4.94%Birla Sun Life Top 100 Fund - Growth 3.38%Birla Sun Life India Opportunities Fund - Growth 3.01%

Top Portfolio Holdings - Moderate Plan

Investment Performance - Aggressive Plan - Growth NAV as on Dec 30, 2011: ` 30.3527Date of Inception: Feb 24, 2004 NAV Per

Unit. *(`)

Birla Sun Life AAF -

Aggressive Plan (%)

S&P CNX Nifty # (%)

BSE Sensex ## (%)



Aggressive Plan (`)

S&P CNX Nifty # (`)

BSE Sensex## (`)


10.00 15.08 12.50 13.46 30353 25214 26951


35.95 -15.56 -24.21 -24.20 8444 7579 7580


31.08 15.68 18.04 17.56 11568 11804 11756


18.16 71.15 73.50 78.50 17115 17350 17850


(`)


Conservative Plan (%)

CRISIL MIP Blended

Index # (%)

BSE Sensex ## (%)



Conservative Plan (`)

CRISIL MIP Blended

Index # (`)

BSE Sensex## (`)


10.00 9.66 6.66 13.46 20728 16589 26951


20.78 -0.23 1.82 -24.20 9977 10182 7580


19.36 7.33 7.01 17.56 10733 10701 11756


15.87 22.00 13.10 78.50 12200 11310 17850

Investment Performance - Conservative Plan - Growth NAV as on Dec 30, 2011: ` 20.7276


(`)


Moderate Plan (%)

CRISIL Balanced

Fund Index # (%)

BSE Sensex ## (%)


Birla Sun Life AAF - Moderate Plan (`)

CRISIL Balanced

Fund Index # (`)

BSE Sensex## (`)


10.00 13.21 10.51 13.46 26666 21917 26951


29.08 -8.29 -14.09 -24.20 9171 8591 7580


26.13 11.26 13.63 17.56 11126 11363 11756


17.52 49.14 47.58 78.50 14914 14758 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Satyabrata Mohanty is 17. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Investment Performance - Moderate Plan - Growth NAV as on Dec 30, 2011: ` 26.6659

Issuer % to net Assets Issuer % to net AssetsBirla Sun Life Advantage Fund - Growth 22.17% Birla Sun Life Income Plus - Growth 66.38%Birla Sun Life Income Plus - Growth 19.84% Birla Sun Life Advantage Fund - Growth 9.55%Birla Sun Life Top 100 Fund - Growth 15.26% Birla Sun Life India Opportunities Fund 4.69%Birla Sun Life Small and Midcap Fund - Growth 15.24% Birla Sun Life Infrastructure Fund. 4.60%Birla Sun Life Infrastructure Fund -Growth 15.13% Birla Sun Life Midcap Fund - Growth 2.80%Birla Sun Life India Opportunities Fund - Growth 7.58% Cash & Cash Equivalents 4.02%Cash & Cash Equivalents 1.86% Birla Sun Life Top 100 Fund - Growth 2.33%Birla Sun Life Index Fund - Growth 0.00% Birla Sun Life Govt. Securities Fund - Long Term Plan - Growth 2.17%

Birla Sun Life Small and Midcap Fund - Growth 1.82%

40

Birla Sun Life Special Situations Fund

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

Fund Details


Fund Manager: Mr. Sanjay ChawlaManaging Fund Since: September 09, 2008Total Experience: 22 yearsDate of inception: January 31, 2008Nature of the scheme: An Open-ended Diversified Equity Scheme


Benchmark: BSE 200

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





(`)

Birla Sun Life Special Situations Fund (%)

BSE 200 # (%)

BSE SENSEX ##

(%)


Birla Sun Life Special

Situations Fund (`)

BSE 200 # (`)

BSE SENSEX

## (`)


10.00 -5.70 -5.10 -3.33 7966 8146 8757


10.72 -25.70 -26.40 -24.20 7430 7360 7580


9.61 11.61 15.95 17.56 11161 11595 11756


5.46 75.80 86.70 78.50 17580 18670 17850


Issuer % to net Assets Issuer % to net AssetsHDFC Bank Ltd. 4.41% Housing Development Finance Corporation Ltd. 3.37%

Tata Consultancy Services Ltd. 3.75% ITC Ltd. 2.99%

Sun Pharmaceutical Industries Ltd. 3.67% Solar Industries India Ltd. 2.95%

Reliance Industries Ltd. 3.50% Hindustan Unilever Ltd. 2.84%

ICICI Bank Ltd. 3.38% ACC Ltd. 2.79%




41

Birla Sun Life Commodity Equities Fund

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

Fund Details


Fund Manager: Mr. Atul Penkar & Mr. Vineet MalooManaging Fund Since: January 24, 2011 & Since InceptionTotal Experience: 11 years & 7 yearsDate of inception: November 07, 2008Nature of the scheme: An Open-ended Growth SchemeNAV of Plans / Options (`) Global Agri PlanRetail PlanGrowth: 16.1925 Dividend: 16.1925 Global Multi Commodity PlanRetail PlanGrowth: 13.7546 Dividend: 13.7546 Global Precious Metals PlanRetail PlanGrowth: 14.0404 Dividend: 14.0404 Benchmark:Global Agri Plan: S&P Global Agribusiness Index Global Multi Commodities Plan: MSCI World Index Global Precious Metals Plan: Dow Jones Precious Metals Index

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load**: 3% if redeemed / switched out within 30 days from the date of allotment. For redemption/switchout of units after 30 days but before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch-out of units after 365 days from the date of allotment: Nil. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.Other ParametersGlobal Agri PlanStandard Deviation: 20.93%Sharpe Ratio##: -0.45Beta: 0.70 Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 1 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 9.02% (91 day T-bill yield as on Feb 29, 2012).

Global Multi Commodity PlanStandard Deviation: 22.31%Sharpe Ratio##: -0.49Beta: 1.04Global Precious Metals PlanStandard Deviation: 21.54%Sharpe Ratio##: -0.20 Beta: 0.50

Issuer % to net Assets Issuer % to net AssetsPotash Corp of Saskatchewan Inc 5.61% Exxon Mobil Corp 5.15%Agrium Inc 5.45% Occidental Petroleum Corp 4.28%Mosaic Co 5.17% Apache Corp 3.74%Deere & Co 4.96% CF Industries Holdings Inc 3.63%Yara International ASA 4.78% Mosaic Co 3.61%Bunge Ltd 4.41% Schlumberger Ltd 3.35%Corn Products International Inc 4.26% Potash Corp of Saskatchewan Inc 3.22%Cosan Ltd 4.17% Freeport-McMoRan Copper & Gold Inc 3.10%Monsanto Co 4.11% Suncor Energy Inc 3.05%AGCO Corp 4.09% Halliburton Co 3.01%

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



Issuer % to net AssetsBarrick Gold Corp 5.09%Silver Wheaton Corp 4.80%Goldcorp Inc 4.60%Newmont Mining Corp 4.46%Yamana Gold Inc 4.13%

Top Ten Portfolio Holdings - Global Precious Metals PlanIssuer % to net AssetsAurico Gold Inc 3.69%First Majestic Silver Corp 3.55%Royal Gold Inc 3.29%Randgold Resources Ltd 3.21%AngloGold Ashanti Ltd 3.13%

Investment Performance - Global Agri Plan -Retail Plan - Growth NAV as on Dec 30, 2011: ` 15.2444 Date of Inception: Nov 07, 2008 NAV Per

Unit. *(`)

Birla Sun Life Commodity

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

S&P Global Agribusiness Index # (%)

BSE Sensex ## (%)


Birla Sun Life

Commodity Equities Fund -

Global Agri Plan - Retail Growth (`)

S&P Global Agribusiness

Index # (`)

BSE Sensex## (`)


10.00 14.41 21.86 14.98 15244 18623 15510


17.64 -13.57 -11.22 -24.20 8643 8878 7580


15.19 16.13 21.76 17.56 11613 12176 11756


10.07 50.79 59.83 78.50 15079 15983 17850


(`)


Equities Fund - Global

Precious Metals Plan-

Retail Growth (%)

Dow Jones Precious

Metals Index # (%)

BSE Sensex ## (%)



Equities Fund - Global

Precious Metals Plan-

Retail Growth (`)

Dow Jones Precious

Metals Index # (`)

BSE Sensex## (`)



15.36 -14.53 -17.74 -24.20 8547 8226 7580


12.45 23.37 33.55 17.56 12337 13355 11756


10.09 23.41 40.11 78.50 12341 14011 17850

# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 5. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

Investment Performance - Global Precious Metals Plan - Retail Plan - Growth NAV as on Dec 30, 2011: ` 13.1273


(`)


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

MSCI World Index # (%)

BSE Sensex ## (%)



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

MSCI World Index # (`)

BSE Sensex## (`)


10.00 8.46 7.60 14.98 12897 12590 15510


14.82 -12.97 -7.37 -24.20 8703 9263 7580


12.95 14.39 9.00 17.56 11439 10900 11756


10.29 25.87 27.87 78.50 12587 12787 17850

Investment Performance - Global Multi Commodities Plan - Retail Plan - Growth NAV as on Dec 30, 2011: ` 12.8968

42

Birla Sun Life International Equity Fund - Plan A

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

Fund Details


Fund Manager: Mr. Mahesh Patil & Mr. Vineet MalooManaging Fund Since: Since InceptionTotal Experience: 20 years & 7 yearsDate of inception: October 31, 2007Nature of the scheme: An Open-ended Diversified Equity Scheme

NAV of Plans / Options (`) Growth: 10.2818 Dividend: 10.2818 Benchmark: S&P Global 1200

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: Nil Exit Load: Nil Other ParameterStandard Deviation: 13.24%Sharpe Ratio##: 1.14 Beta: 0.76




(`)

Birla Sun Life

International Equity Fund -

Plan A (%)

S&P Global 1200 #

(%)

BSE SENSEX ## (%)


Birla Sun Life International Equity Fund -

Plan A (`)

S&P Global 1200 # (`)

BSE SENSEX

## (`)

Since inception till December 30, 2011 (CAGR) 10.00 0.35 -8.06 -5.82 10147 7045 7791

December 30, 2010 to December 30, 2011 (Absolute) 9.45 7.40 -7.57 -24.20 10740 9243 7580



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

Issuer % to net Assets Issuer % to net AssetsCoca-Cola Co 5.64% Wal-Mart Stores Inc 4.78%

Aetna Inc 5.07% Exxon Mobil Corp 4.55%

Apple Inc 5.05% Coach Inc 4.15%

Statoil ASA 4.91% ENSCO PLC 4.02%

Chubb Corp 4.81% Taiwan Semiconductor Manufacturing Co Ltd. 3.75%




43

Birla Sun Life International Equity Fund - Plan B

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

Fund Details

Fund Manager: Mr. Atul Penkar & Mr. Vineet MalooManaging Fund Since: July 29, 2010 / Since Inception Total Experience: 11 years & 7 yearsDate of inception: October 31, 2007Nature of the scheme: An Open-ended Diversified Equity Scheme


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







(`)

Birla Sun Life

International Equity Fund -

Plan B (%)

Customised Index † #

(%)

BSE SENSEX ## (%)


Birla Sun Life International Equity Fund -

Plan B (`)

Customised Index †

# (`)

BSE SENSEX

## (`)

Since inception till December 30, 2011 (CAGR) 10.00 -4.62 -3.56 -5.82 8211 8597 7791




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 5. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.† A customized benchmark created using BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio.

Issuer % to net Assets Issuer % to net AssetsReliance Industries Ltd. 3.40% Bharti Airtel Ltd. 2.40%


ITC Ltd. 3.16% The India Cements Ltd. 2.13%

Tata Consultancy Services Ltd. 3.15% HDFC Bank Ltd. 2.10%





44

Birla Sun Life Small & Midcap Fund

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

Fund Details


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

NAV of Plans / Options (`) Growth: 11.4814 Dividend: 11.4814 Benchmark: S&P CNX Midcap






(`)


(%)

S & P CNX Midcap #

(%)

BSE SENSEX ##

(%)


Birla Sun Life Small & Midcap Fund (`)

S & P CNX Midcap

# (`)

BSE SENSEX

## (`)

Since inception till December 30, 2011 (CAGR) 10.00 -0.01 1.75 1.33 9996 10829 10626





Issuer % to net Assets Issuer % to net AssetsWabco India Ltd. 7.21% Max India Ltd. 2.60%

Solar Industries India Ltd. 4.59% Glenmark Pharmaceuticals Ltd. 2.46%

Glaxosmithkline Consumer Healthcare Ltd. 3.10% Gateway Distriparks Ltd. 2.42%

Balkrishna Industries Ltd. 3.05% PTC India Ltd. 2.38%

Torrent Pharmaceuticals Ltd. 2.85% Hathway Cable & Datacom Ltd. 2.33%


Note:Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 9.02% (91 day T-bill yield as on Feb 29, 2012).


45

Birla Sun Life India Reforms Fund

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

Fund Details


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


Benchmark: S&P CNX 500

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

Other ParameterStandard Deviation: 25.81%Sharpe Ratio##: -0.40 Beta: 0.93




(`)

Birla Sun Life India Reforms Fund (%)

S & P CNX 500 # (%)

BSE SENSEX ##

(%)


Birla Sun Life India Reforms Fund (`)

S & P CNX 500 # (`)

BSE SENSEX

## (`)

Since inception till December 30, 2011 (CAGR) 10.00 -17.82 -12.89 -8.13 7436 8114 8794


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

Issuer % to net Assets Issuer % to net AssetsICICI Bank Ltd. 7.95% Max India Ltd. 3.27%

Larsen & Toubro Ltd. 5.74% HDFC Bank Ltd. 3.24%

Sadbhav Engineering Ltd. 4.33% Kalpataru Power Transmission Ltd. 3.06%

Oil & Natural Gas Corporation Ltd. 3.68% The Federal Bank Ltd. 3.05%

Gujarat State Fertilizers & Chemicals Ltd. 3.41% Indraprastha Gas Ltd. 2.84%


Note:Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 1 years history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 9.02% (91 day T-bill yield as on Feb 29, 2012).


46

Birla Sun Life Pure Value Fund

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

Fund Details


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


Benchmark: BSE 200






(`)

Birla Sun Life Pure

Value Fund (%)

BSE 200 # (%)

BSE SENSEX ##

(%)


Birla Sun Life Pure

Value Fund (`)

BSE 200 # (`)

BSE SENSEX

## (`)

Since inception till December 30, 2011 (CAGR) 10.00 8.69 -1.14 -0.94 13669 9577 9650




# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Nishit Dholakia is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsFAG Bearings India Ltd. 5.94% Zuari Industries Ltd. 3.86%

Gateway Distriparks Ltd. 4.87% The South Indian Bank Ltd. 3.46%

Oil & Natural Gas Corporation Ltd. 4.71% City Union Bank Ltd. 3.42%

Glaxosmithkline Consumer Healthcare Ltd. 4.57% The Federal Bank Ltd. 3.25%

Wabco India Ltd. 3.87% Karur Vysya Bank Ltd. 3.15%




47

Birla Sun Life Long Term Advantage Fund

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

Fund Details


Fund Manager: Mr. Atul PenkarManaging Fund Since: January 24, 2011Total Experience: 11 yearsDate of inception: October 10, 2006Nature of the scheme: An Open Ended Diversified Equity Scheme

NAV of Plans / Options (`) Growth: 13.48 Dividend: 12.45 Benchmark: BSE Sensex

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





(`)

Birla Sun Life Long

Term Advantage Fund (%)

BSE Sensex #

(%)

S&P CNX Nifty ##

(%)


Birla Sun Life Long

Term Advantage

Fund (`)

BSE Sensex

# (`)

S&P CNX Nifty## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer % to net Assets Issuer % to net AssetsInfosys Ltd. 5.91% Housing Development Finance Corporation Ltd. 4.11%

Reliance Industries Ltd. 5.37% Tata Consultancy Services Ltd. 3.90%

ICICI Bank Ltd. 5.10% Bharti Airtel Ltd. 3.06%

ITC Ltd. 4.85% Jindal Steel & Power Ltd. 2.79%

HDFC Bank Ltd. 4.82% State Bank of India 2.53%


Note:Standard Deviation & Sharpe Ratio are calculated son Annualised basis using 3 years history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 9.02% (91 day T-bill yield as on Feb 29, 2012).


48

Tax Savings Solutions

What are Tax Savings Solutions?

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

Who can benefit from Tax Savings Solutions?

Tax saving is important, especially when investors can save up to ̀ 30,900 in taxes! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing the taxable income by up to ` 1 lakh.

But, wealth creation is also important. Isn’t it? That’s why this solution is ideal for investors who would like to create wealth along with tax saving.Tax savings of ` 30,900 is calculated assuming qualifying amount of deduction is ` 1 lakh & investor falls in the top income tax slab of 30% & includes applicable cess. Investors are advised to consult their tax advisor in view of individual nature of tax benefits.

Benefits of Tax Savings Solutions:

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

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

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

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

Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein.Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.Investors are advised to consult their tax advisor in view of individual nature of tax benefits.The Financial Solution (Savings Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.

49

Birla Sun Life Tax Relief ‘96

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

Fund Details

Fund Manager Mr. Ajay GargManaging Fund Since: October 01, 2006Total Experience: 15 yearsDate of inception: March 29, 1996Nature of the scheme: An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment.


Benchmark: BSE 200

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: Nil Other ParameterStandard Deviation: 29.96%Sharpe Ratio##: 0.64 Beta: 1.02


TAX SAVINGSSOLUTIONS

High Returns High Risk 3 yrs+ Low Liquidity

Investment Performance - Dividend NAV as on Dec 30, 2011: ` 61.34


(`)

Birla Sun Life Tax

Relief ‘96 (%)

BSE 200 # (%)

BSE SENSEX ##

(%)


Birla Sun Life Tax

Relief ‘96 (`)

BSE 200# (`)

BSE SENSEX

## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein.Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.Investors are advised to consult their tax advisor in view of individual nature of tax benefits.

Issuer % to net Assets Issuer % to net AssetsReliance Industries Ltd. 6.32% Infosys Ltd. 3.55%

Tata Consultancy Services Ltd. 4.70% ING Vysya Bank Ltd. 3.00%

ICICI Bank Ltd. 4.60% Jindal Steel & Power Ltd. 2.89%

HDFC Bank Ltd. 4.18% Larsen & Toubro Ltd. 2.85%

Housing Development Finance Corporation Ltd. 4.01% Honeywell Automation India Ltd. 2.75%


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 9.02% (91 day T-bill yield as on Feb 29, 2012).

50

Birla Sun Life Tax Plan

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

Fund Details


Fund Manager Mr. Ajay GargManaging Fund Since: October 17, 2011Total Experience: 15 yearsDate of inception: February 16, 1999Nature of the scheme: An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment.

NAV of Plans / Options (`) Growth (w.e.f. 06/03/08): 13.08 Dividend: 43.10 Benchmark: BSE Sensex

Load Structure (as % of NAV) (Incl. for SIP)Entry Load: NilExit Load: Nil Other ParameterStandard Deviation: 24.94%Sharpe Ratio##: 0.63 Beta: 0.87

TAX SAVINGSSOLUTIONS

High Returns High Risk 3 yrs+ Low Liquidity

Investment Performance - Dividend NAV as on Dec 30, 2011: ` 37.11


(`)


(%)

BSE Sensex #

(%)

S&P CNX Nifty ##

(%)


Birla Sun Life Tax Plan (`)

BSE Sensex

# (`)

S&P CNX Nifty## (`)





# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein.Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.Investors are advised to consult their tax advisor in view of individual nature of tax benefits.

Issuer % to net Assets Issuer % to net AssetsReliance Industries Ltd. 6.32% Infosys Ltd. 3.57%

Tata Consultancy Services Ltd. 4.73% ING Vysya Bank Ltd. 3.00%

ICICI Bank Ltd. 4.66% Larsen & Toubro Ltd. 2.94%

HDFC Bank Ltd. 4.15% Honeywell Automation India Ltd. 2.90%

Housing Development Finance Corporation Ltd. 4.13% Jindal Steel & Power Ltd. 2.82%


Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer.## Risk-free rate assumed to be 9.02% (91 day T-bill yield as on Feb 29, 2012).

51

Close Ended Scheme Performance

Birla Sun Life Capital Protection Oriented Fund - Series 1

Date of Inception: Mar 29, 2010Fund Manager: Mr. Satyabrata Mohanty NAV (as on 30th Dec 2011): 10.7707

NAV Per Unit. *

(`)

Birla Sun life Capital Protection Oriented Series - 1

(%)


(%)

CRISIL 1 Year T-Bill Index ##

(%)



(`)

CRISIL MIP Blended

Index # (`)

CRISIL 1 Year T-Bill

Index ## (`)



# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns.Total Schemes managed by Mr. Satyabrata Mohanty is 17. Refer annexure on page no. 52 for performance of schemes managed by FundManager. The Scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.

Birla Sun Life Capital Protection Oriented Fund - 5 year plan

Date of Inception: Aug 03, 2007 Fund Manager: Mr. Satyabrata MohantyNAV (as on 30th Dec 2011): 12.5574

NAV Per Unit. *

(`)

Birla Sun life Capital Protection Oriented

5 year plan (%)


(%)


(%)


Birla Sun life Capital Protection Oriented

5 year plan (`)

CRISIL MIP Blended

Index # (`)


Index ## (`)



12.4355 0.98 1.82 6.44 10098 10182 10644

December 30, 2009 to December 30, 2010

11.8599 4.85 7.01 2.81 10485 10701 10281

December 30, 2008 to December 30, 2009

10.5254 12.68 13.10 3.38 11268 11310 10338


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

Birla Sun Life Capital Protection Oriented Fund - Series 2

Date of Inception: Jun 10, 2010 Fund Manager: Mr. Satyabrata MohantyNAV (as on 30th Dec 2011): 10.2829

NAV Per Unit. *

(`)


(%)


(%)


(%)



(`)

CRISIL MIP Blended

Index # (`)


Index ## (`)


10.0000 1.82 4.03 5.08 10283 10633 10802


10.0905 1.91 1.82 6.44 10191 10182 10644


52

Fund Manager-wise Scheme Details

Schemes mentioned in order of performance for the period Dec 30 2010 - Dec 30 2011. Due to inherent difference in nature of schemes above (i.e. equity, hybrid, debt schemes) as may be managed by Fund Manager, performance of such schemes may not be strictly comparable.Further, performance of Fixed Term Plans (FTPs) / Fixed Maturity Plans (FMP) / Interval Income Schemes are not considered above, as FMPs / FTPs / Interval Income Schemes are close ended / interval schemes of varying maturities and performance of such schemes may not be strictly comparable with open ended schemes managed by Fund Managers.

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

1 Birla Sun Life Medium Term Plan* 10

2 Birla Sun Life Dynamic Bond Fund* 9

3 Birla Sun Life Savings Fund 7

4 Birla Sun Life Government Securities Fund - Long Term Plan

16

5 Birla Sun Life Government Securities Fund - Short Term Plan 16

*Funds co-managed by Mr. Kaustubh GuptaFor the schemes in existence for less than a year, the past performance details have not be provided.

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

1 Birla Sun Life International Equity Fund - Plan A* 42

2 Birla Sun Life Top 100 Fund 32

3 Birla Sun Life Frontline Equity Fund 28

4 Birla Sun Life Equity Fund 25

5 Birla Sun Life Infrastructure Fund 29

*Funds co-managed by Mr. Vineet Maloo

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

1 Birla Sun Life Medium Term Plan$ 10

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

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

4 Birla Sun Life Ultra Short Term Fund# 8

5 Birla Sun Life Savings Fund$ 7

6 Birla Sun Life Cash Manager* 6

7 Birla Sun Life Cash Plus* 5*Funds co-managed by Ms. Sunaina Da Cunha# Funds co-managed by Mr. Lokesh Mallya$ Funds co-managed by Mr. Maneesh Dangi

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

1 Birla Sun Life Short Term Opportunities Fund 18

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

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

4 Birla Sun Life Cash Manager* 65 Birla Sun Life Cash Plus* 5

*Funds co-managed by Mr. Kaustubh Gupta# Funds co-managed by Mr. Lokesh Mallya

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

1 Birla Sun Life Short Term Opportunities Fund 18

2 Birla Sun Life Ultra Short Term Fund* 8

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

Sr.noFunds Managed By Mr. Satyabrata Mohanty

Refer page No

1 Birla Sun Life MIP II-Savings 5 Plan* 23

2 Birla Sun Life Capital Protection Oriented Fund - Series 1 & 2

51

3 Birla Sun Life Monthly Income* 20

4 Birla Sun Life MIP* 21

5 Birla Sun Life Asset Allocation Fund - Conservative Plan 39

6 Birla Sun Life MIP II-Wealth 25 Plan* 22

7 Birla Sun Life Asset Allocation Fund - Moderate Plan 39

8 Birla Sun Life ‘95 Fund* 38

9 Birla Sun Life Asset Allocation Fund - Aggressive Plan 39

10 Birla Sun Life Advantage Fund 26

*Funds co-managed by Mr. Nishit Dholakia

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

1 Birla Sun Life MIP II-Savings 5 Plan* 23

2 Birla Sun Life Monthly Income* 20

3 Birla Sun Life MIP* 21

4 Birla Sun Life MIP II-Wealth 25 Plan* 22

5 Birla Sun Life ‘95 Fund* 38

6 Birla Sun Life Dividend Yield Plus 37

7 Birla Sun Life Pure Value Fund 46

*Funds co-managed by Mr. Satyabrata Mohanty

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

1 Birla Sun Life India GenNext Fund 30

2 Birla Sun Life Small & Midcap Fund 44

3 Birla Sun Life Special Situations Fund 40

4 Birla Sun Life Midcap Fund 27

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

1 Birla Sun Life Enhanced Arbitrage Fund 17

2 Birla Sun Life MNC Fund 34

3 Birla Sun Life Tax Plan 50

4 Birla Sun Life Buy India Fund 33

5 Birla Sun Life Index Fund 35

6 Birla Sun Life Tax Relief ‘96 49

Sr.no Funds Managed By Mr. Atul Penkar Refer page No

1 Birla Sun Life Commodity Equities Fund - Global Multi Commodity Plan*

41

2 Birla Sun Life Commodity Equities Fund - Global Agri Plan*

41

3 Birla Sun Life Commodity Equities Fund - Global Precious Metals Plan*

41

4 Birla Sun Life International Equity Fund - Plan B* 43

5 Birla Sun Life New Millennium Fund 31

6 Birla Sun Life Long Term Advantage Fund 47

7 Birla Sun Life India Opportunities Fund 36

*Funds co-managed by Mr. Vineet Maloo

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

1 Birla Sun Life Gilt Plus - PF Plan 15

2 Birla Sun Life Short Term Fund 12

3 Birla Sun Life Income Plus 11

4 Birla Sun Life Gilt Plus - Liquid Plan 15

5 Birla Sun Life Gilt Plus - Regular Plan 15

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

1 Birla Sun Life International Equity Fund - Plan A# 42

2 Birla Sun Life Commodity Equities Fund - Global Multi Commodity Plan*

41

3 Birla Sun Life Commodity Equities Fund - Global Agri Plan*

41

4 Birla Sun Life Commodity Equities Fund - Global Precious Metals Plan* 41

5 Birla Sun Life International Equity Fund - Plan B* 43*Funds co-managed by Mr. Atul Penkar# Funds co-managed by Mr. Mahesh Patil

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

1 Birla Sun Life India Reforms Fund 45

2 Birla Sun Life Infrastructure Fund* 29

*Funds co-managed by Mr. Mahesh Patil

53

Funds at a GlanceSAVINGS SOLUTIONS

SCHEME PLAN OPTION SUB OPTION MINIMUMINVESTMENTAMOUNT

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

Birla Sun Life Cash Plus Retail Dividend Daily Dividend Reinvestment FP: ` 10,000/-

Application forDefault

Plan Option /Facility

< ` 1 Cr Retail Dividend Reinvstmt

> ` 1 Cr but Institutional Daily Dividend< ` 5 Crs Reinvstmt> ` 5 Crs Institutional Daily Dividend

Premium Reinvstmt

Nil.

Retail Growth AP: ` 1,000/-

Institutional Dividend Daily Dividend Reinvestment

Weekly Dividend Payout / Reinvestment FP: ` 1,00,00,000/-

Institutional Growth AP: ` 1,00,000/-

Institutional Premium - Dividend Daily Dividend Payout / Reinvestment

Weekly Dividend Payout / Reinvestment FP: ` 5,00,00,000/-

Dividend Payout / Reinvestment AP: ` 1,00,000/-

Institutional Premium – Growth

Birla Sun Life Cash Manager Dividend Daily Dividend Reinvestment FP: ` 10,000/-

Application forDefault

Plan Option /Facility

< ` 1 Cr DividendWeekly

Dividend Reinvstmt

> ` 1 Cr Institutional Daily Dividend Reinvstmt

Nil.

Weekly Dividend Reinvestment AP: ` 1,000/-

Institutional Daily DividendWeekly Dividend

Growth

ReinvestmentReinvestment

FP: ` 100,00,000/-AP: ` 1,00,000/-

GrowthFP: ` 10,000/-AP: ` 1,000/-

Birla Sun Life Savings FundInstitutional Plan

Daily DividendWeekly Dividend

Growth

ReinvestmentPayout / Reinvestment

FP: ` 1,00,00,000/-AP: ` 1,00,000/- Application for

DefaultPlan Option /Facility

< ` 1 Cr RetailWeekly

Dividend Reinvstmt

> ` 1 Cr Institutional Daily Dividend Reinvstmt

Nil.

Retail PlanFP: ` 10,000/-AP: ` 1,000/-

Birla Sun Life Ultra Short Term Fund

Institutional Plan

Daily DividendFortnightly Dividend

Weekly DividendGrowth

ReinvestmentPayout / ReinvestmentPayout / Reinvestment

FP: ` 2,00,00,000/-AP: ` 10,000/- Application for


< ` 2 Crs Retail Fortnightly Dividend

> ` 2 Crs Institutional Reinvstmt

within 15 days/0.25% of applicable NAV.

Retail PlanDaily Dividend

Fortnightly DividendGrowth


FP: ` 10,000/-AP: ` 1,000/-


Retail Plan Monthly Dividend Sweep FP: ` 5,00,000/- AP: ` 1,000/-

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

Within 180 days: 0.50% of applicable NAV. After 180 days: Nil. (w.e.f. February 01, 2012)

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

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

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

Birla Sun Life Medium Term PlanInstitutional Plan Weekly Dividend

Fortnightly DividendMonthly Dividend

Growth


Payout / Reinvestment /Sweep

FP: ` 1,00,00,000/-AP: ` 10,000/-

• Choice of Plan : Retail• Choice of Option : Growth• Choice of Facility : Fortnightly Dividend Reinvestment

within 90 days /0.25% of applicable NAV.

Retail PlanFP: ` 5,000/-AP: ` 1,000/-

Birla Sun Life Floating Rate Fund

Short Term Plan

Institutional

Daily Dividend ReinvestmentWeekly Dividend Reinvestment

Growth

FP: ` 1,00,00,000/-AP: ` 1/- Application for


< ` 5 Crs Daily Dividend Reinvstmt

> ` 5 Crs Institutional Daily DividendReinvstmt

Nil.

Weekly DividendDaily Dividend

Growth


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

Long Term Plan

Retail PlanWeekly Dividend Reinvestment

Growth

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

Daily Dividend Reinvestment. Nil.

Institutional Plan

Daily Dividend ReinvestmentWeekly Dividend Reinvestment

Growth

FP: ` 2,00,00,000/-AP: ` 1,00,000/-

Birla Sun Life Income Plus DividendGrowth

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

Dividend Reinvestmentwithin 365 days/1.00% of applicable NAV.

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

Monthly Dividend Payout/Reinvestment/Sweep

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

Dividend Reinvestmentwithin 30 days/0.50% of applicable NAV.

Growth

Birla Sun Life Gilt PlusRegular Plan

Quarterly DividendGrowth


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

Growth

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

Liquid PlanQuarterly DividendAnnual Dividend

Growth

Payout / Reinvestment /SweepPayout / Reinvestment /Sweep

PF PlanQuarterly Dividend

GrowthPayout / Reinvestment /SweepQuarterly Gain / Annual Gain


54

Funds at a Glance




Birla Sun Life Government Securities Fund Long Term Plan

DividendGrowth

Payout / Reinvestment

Growth

within 365 days/1.00% of applicable NAV.

Short Term (Retail) Plan

Daily Dividend

Growth

ReinvestmentFP: ` 5,000/-AP: ` 1,000/- Nil.

Short Term (Institutional) Plan

Daily DividendWeekly Dividend

DividendGrowth


Payout / ReinvestmentFP: ` 5,00,00,000/-AP: ` 1,00,000/-

Nil.

Birla Sun Life Enhanced Arbitrage Fund Retail Plan

DividendGrowth

Payout / Reinvestment /Sweep FP: ` 5,000/-AP: ` 1,000/- • Choice of Plan : Retail Plan

• Choice of Option : Dividend• Choice of Facility : Reinvestment

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

DividendGrowth

Payout / Reinvestment /Sweep FP: ` 5,00,00,000/-AP: ` 10,000/-

Birla Sun Life Short Term Opportunities Fund Retail Plan

Weekly DividendDividendGrowth

ReinvestmentPayout / Reinvestment /Sweep

FP: ` 10,000/-AP: ` 1000/-

Growth

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

Institutional PlanWeekly Dividend

DividendGrowth

ReinvestmentPayout / Reinvestment /Sweep

FP: ` 2,00,00,000/-AP: ` 10,000/-



Birla Sun Life Monthly IncomeMonthly DividendQuarterly Dividend

Payout/Reinvestment/SweepPayout/Reinvestment/Sweep

FP: ` 25,000/-AP: ` 5,000/- • Choice of Plan : Growth

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

within 365 days/1% of applicable NAV.

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

Birla Sun Life MIPMonthly DividendMonthly Payment

Growth

Payout/Reinvestment/SweepInstant / Deferred

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

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



Savings 5Monthly DividendMonthly Payment

Growth


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

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



Wealth 25Monthly DividendMonthly Payment

Growth

Payout / Reinvestment /Sweepwithin 365 days/1% of applicable NAV.

TAX SAVINGS SOLUTIONS



Birla Sun Life Tax Relief ‘96 Dividend Payout/Reinvestment/Sweep FP: ` 500/-A : ` 500/-

Dividend Payout Nil.Growth

Birla Sun Life Tax Plan Dividend Payout/Reinvestment/Sweep FP: ` 500/-AP: ` 500/-

Dividend Payout Nil.Growth


55

Funds at a Glance



Birla Sun Life Equity Fund Dividend Payout/Reinvestment/Sweep FP: ` 5,000/-AP: ` 1,000/- Dividend Reinvestment

within 365 days/1% of applicable NAV.Growth

Birla Sun Life Advantage Fund Dividend Payout/Reinvestment/Sweep FP: ` 5,000/-AP: ` 1,000/- Dividend Reinvestment

within 7 days/0.50% of applicable NAV.Growth

Birla Sun Life Midcap Fund Dividend

Growth

Dividend / Reinvestment / Sweep

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

Dividend Reinvestmentwithin 365 days/1% of applicable NAV.Growth with Triggered

Facility


DividendGrowth

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

Dividend Reinvestmentwithin 365 days/1% of applicable NAV.

Birla Sun Life Infrastructure Fund DividendGrowth

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

Dividend Reinvestmentwithin 365 days/1% of applicable NAV.


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

Dividend Reinvestmentwithin 365 days/1% of applicable NAV.Growth




Birla Sun Life Top 100 Fund Dividend Payout/Reinvestment/Sweep FP: ` 5,000/-AP: ` 1,000/-

Dividend Reinvestmentwithin 7 days/0.50% of applicable NAV.Growth

Birla Sun Life Buy India Fund Dividend Payout/Reinvestment/Sweep FP: ` 5,000/-AP: ` 1,000/-


Birla Sun Life MNC Fund Dividend Payout/Reinvestment/Sweep FP: ` 5,000/-AP: ` 1,000/-


Birla Sun Life Index Fund Dividend Payout/Reinvestment/Sweep FP: ` 5,000/-AP: ` 1,000/-






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

Dividend Payoutwithin 365 days/1% of applicable NAV.Growth


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

Dividend Reinvestment within 1 year/1% of applicable NAV.Growth

Birla Sun Life Dividend Yield Plus Dividend Payout/Reinvestment/Sweep

Payout / Reinvestment /SweepFP: ` 5,000/-AP: ` 1,000/-


PFDividendGrowth

Birla Sun Life ‘95 Fund Dividend Payout/Reinvestment/Sweep FP: ` 5,000/-AP: ` 1,000/-


Birla Sun Life Asset Allocation Fund Aggressive

DividendGrowth


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

Dividend Reinvestment Nil.ModerateDividendGrowth


ConservativeDividendGrowth


Birla Sun Life Special Situations Fund


• Choice of Plan : Growth• Choice of Option : Reinvestment

within 365 days/1% of applicable NAV.Growth

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

Retail PlanDividendGrowth

Payout / Reinvestment /Sweep FP: ` 5,000/-AP: ` 1,000/- • Choice of Plan : Retail Plan

• Choice of Option : Growth• Choice of Facility : Reinvestment

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

DividendGrowth

Payout / Reinvestment /Sweep FP: ` 5,00,00,000/-AP: ` 10,000/-

Birla Sun Life International Equity Fund (Plan A)


Dividend Reinvestment Nil.Growth

Birla Sun Life International Equity Fund (Plan B)



Birla Sun Life Pure Value Fund Dividend Payout/ReinvestmentFP : ` 5,000/-AP : ` 1,000/-

• Choice of Plan : Growth• Choice of Option : Reinvestment


Growth


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


WEALTH CREATION SOLUTIONS


56

Investment ObjectiveSAVINGS SOLUTIONS

Birla Sun Life Cash Plus An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.

Birla Sun Life Cash Manager An Open ended Income scheme with the objective to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of very short maturities with a view to provide reasonable returns.

Birla Sun Life Savings Fund The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.

Birla Sun Life Ultra Short Term Fund An Open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities with relatively low levels of interest rate risk.

Birla Sun Life Dynamic Bond Fund An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.

Birla Sun Life Medium Term Plan The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital.

Birla Sun Life Income Plus An Open-ended Income Scheme to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. This income may be complemented by price changes of instruments in the portfolio.

Birla Sun Life Short Term Fund(Erstwhile Birla Sun Life Income Fund) Name change (w.e.f. 01 Feb, 2012)

An Open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities.

Birla Sun Life Floating Rate Fund Short Term Plan

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.

Birla Sun Life Gilt Plus An Open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities.

Birla Sun Life Government Securities Fund

An Open-ended Gilt scheme with the objective to provide investors current income consistent with a portfolio invested 100% in securities issued by the Government of India or the State Governments, and the secondary objective is capital appreciation.

Birla Sun Life Enhanced Arbitrage Fund

An Open ended Equity Scheme with an investment objective to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Futures).

Birla Sun Life Short Term Opportunties Fund

An Open ended Income scheme with the objective to generate regular income by investing primarily in investment grade fixed income securities / money market instruments with short to medium term maturities and across the credit spectrum within the universe of investment grade rating.


Birla Sun Life Monthly Income An Open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterly distributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of distributable surplus

Birla Sun Life MIP The primary objective of the scheme is to generate regular income so as to make monthly distributions to unit holders with the secondary objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents while at the same time maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.)

Birla Sun Life MIP II - Wealth 25 Plan

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

Birla Sun Life MIP II - Savings 5 Plan

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


Birla Sun Life Tax Relief ‘96 An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities

Birla Sun Life Tax Plan An Open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment.


57

Investment Objective

Birla Sun Life Equity Fund An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 10% debt and money market securities.

Birla Sun Life Advantage Fund An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through a diversified research based investment approach.

Birla Sun Life Midcap Fund An Open ended Growth Scheme with the objective to achieve long term growth of capital at controlled level of risk by investing primarily in ‘Mid-Cap’ Stocks. The level of risk is somewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aim is to generate higher returns than a fund focused on large and liquid stocks.

Birla Sun Life Frontline Equity Fund An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200.

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

Birla Sun Life India GenNext Fund An Open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice.

Birla Sun Life New Millennium Fund A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of dividend.

Birla Sun Life Top 100 Fund An Open-ended growth scheme with the objective to provide medium to long term capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities of top 100 companies as measured by market capitalization.

Birla Sun Life Buy India Fund A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in businesses that are driven by India’s large population and inherent consumption patterns. The focus of the scheme will be in the consumer and healthcare sectors. The secondary objective is income generation and distribution of dividend.

Birla Sun Life MNC Fund An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk by making investments in securities of multi-national companies through a research based investment approach.

Birla Sun Life Index Fund An Open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors.

Birla Sun Life India Opportunities Fund An Open ended Growth Scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following: 1. Leverage India’s intellectual capital for providing services, research and creative inputs. 2. Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services. 3. Leverage India’s lower labour costs for providing services and manufactured goods. 4. Leverage India’s large population of English speaking people for providing services.

Birla Sun Life Dividend Yield Plus An Open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield.

Birla Sun Life ‘95 Fund An Open ended Balanced Scheme with the objective to generate long term growth of capital and current income, through a portfolio with a target allocation of 60% equity and 40% debt and money market securities. The secondary objective is income generation and distribution of dividend.

Birla Sun Life Asset Allocation Fund An Open-ended Fund of Funds scheme with the objective to provide income and capital appreciation along with diversification by investing in a basket of debt and equity Mutual Fund schemes in line with the risk profile of the investors.

Birla Sun Life Special Situations Fund An Open-ended diversified equity scheme with an objective of the scheme is to generate long-term growth of capital by investing in a portfolio of equity and equity related securities. The Scheme would follow an investment strategy that would take advantage of Special Situations & Contrarian investment style.

Birla Sun Life Commodity Equities Fund

An Open ended Growth Scheme with the objective to offer long term growth of capital, by investing in (1) stocks of commodity companies, i.e., companies engaged in or focusing on the specified commodity business and/or (2) overseas mutual fund scheme(s), that have similar investment objectives. These securities could be issued in India or overseas.


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


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

Birla Sun Life Small & Midcap Fund An Open ended Small and Mid Cap Equity Scheme with an objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and midcap. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time.

Birla Sun Life India Reforms Fund An Open ended Equity Scheme with an investment objective is to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending.

Birla Sun Life Pure Value Fund An Open ended Diversified Equity Scheme with the objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy.


An Open ended Diversified Equity Scheme with an to provide long-term capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities.



58

Dividend History (For select Schemes)

SAVINGS SOLUTIONS

DEBT Schemes Declared on date Face Value

Non Corporate CorporateCum Dividend NAV#

(` per unit)Dividend#


(` per unit)

Birla Sun Life Savings Fund – Institutional Monthly Dividend

11-Feb-1128-Jan-1131-Dec-10

10.0010.0010.00

0.03500.04970.0587

0.02870.06070.0547

10.309910.338410.3413

Birla Sun Life Savings Fund – Retail Monthly Dividend

11-Feb-1128-Jan-1131-Dec-10

10.0010.0010.00

0.03500.04690.0529

0.02870.05730.0493

10.284810.310810.3105

Birla Sun Life Ultra Short Term Fund - Monthly Dividend

11-Feb-1131-Jan-1131-Dec-10

10.0010.0010.00

0.02500.06600.0532

0.02050.05400.0496

10.806810.847410.8361

Birla Sun Life Dynamic Bond Fund – Retail Quarterly Dividend

30-Dec-1129-Sep-1130-Jun-11

10.0010.0010.00

0.28120.26690.2183

0.21230.20150.1648

11.583911.573711.5246

Birla Sun Life Income Plus - Quarterly Dividend

15-Dec-1115-Sep-1115-Mar-10

10.0010.0010.00

0.05360.04180.0526

0.04050.03160.0489

12.423712.218411.2701

Birla Sun Life Short Term Fund- Half Yearly Dividend

15-Mar-1016-Mar-0917-Mar-08

10.0010.0010.00

0.24530.44670.4752

0.22830.41580.4423

11.555711.949611.6359

Birla Sun Life Short Term Fund - Quarterly Dividend

15-Dec-1115-Sep-1115-Jun-11

10.0010.0010.00

0.11310.08560.1443

0.08540.06460.1090

11.660611.620111.4526

Birla Sun Life Gilt Plus - Liquid Plan – Quarterly Dividend

15-Dec-1115-Sep-1115-Jun-11

10.0010.0010.00

0.13170.13110.1305

0.09940.09900.0985

10.647810.581410.5338

Birla Sun Life Gilt Plus - PF Plan Quarterly Dividend

15-Dec-1115-Sep-1115-Jun-11

10.0010.0010.00

0.07250.07110.0707

0.05470.05370.0534

10.854610.538410.3277

Birla Sun Life Gilt Plus - Regular Plan Quarterly Dividend

15-Dec-1115-Sep-1115-Jun-11

10.0010.0010.00

0.07340.10800.1492

0.05540.08160.1127

12.380112.248412.2294

Birla Sun Life Government Securities Fund - Long Term Dividend

15-Sep-1115-Mar-1115-Sep-10

10.0010.0010.00

0.39600.39250.3413

0.29900.32130.3181

11.594111.620511.6986

Birla Sun Life Government Securities Fund - Short Term Dividend

29-Feb-1215-Dec-1015-Sep-10

10.0010.0010.00

0.00220.11080.1120

0.00160.10320.1044

10.003110.240710.2297

Birla Sun Life Short Term Opportunities Fund

28-Feb-1115-Dec-1115-Sep-11

10.0010.0010.00

0.01370.13350.1320

0.01030.10080.0997

10.015410.824910.7274

Note: After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance may or may not be sustained in future.


DEBT Schemes Declared on date Face Value

Non Corporate CorporateCum Dividend NAV#



(` per unit)

Birla Sun Life Monthly Income - Monthly Dividend

29-Feb-1231-Jan-1230-Dec-11

10.0010.0010.00

0.05540.04540.0566

0.04180.06010.0427

11.386311.280711.1070

Birla Sun Life Monthly Income - Quarterly Dividend

30-Dec-1129-Sep-1130-Jun-11

10.0010.0010.00

0.18280.18220.1840

0.13800.13760.1389

11.722911.878711.9744

Birla Sun Life MIP - Monthly Dividend Plan24-Feb-1227-Jan-1230-Dec-11

10.0010.0010.00

0.05340.03960.0660

0.04030.05240.0498

11.379311.278511.0875

Birla Sun Life MIP II - Wealth 25 Plan Monthly Dividend Plan

24-Feb-1227-Jan-1230-Dec-11

10.0010.0010.00

0.05270.03870.0650

0.03980.05130.0491

11.266311.120810.8298

Birla Sun Life MIP II - Savings 5 Plan Monthly Dividend Plan

24-Feb-1227-Jan-1230-Dec-11

10.0010.0010.00

0.05430.04060.0670

0.04100.05380.0506

11.554911.475011.3864



59

Dividend History (For select Schemes)

EQUITY SCHEMES Declared on date Dividend# (` per unit) Face value (`) Cum Dividend NAV (` per unit)

Birla Sun Life Equity Fund20-May-1115-Oct-1012-Mar-10

3.005.005.00

10.0010.0010.00

65.6982.3674.69

Birla Sun Life Advantage Fund04-Feb-1106-Aug-1026-Feb-09

4.507.006.25

10.0010.0010.00

81.1793.3988.77

Birla Sun Life Midcap Fund14-Jan-1116-Jul-1029-Jan-10

2.001.502.50

10.0010.0010.00

24.2926.0126.02

Birla Sun Life Frontline Equity Fund04-Feb-1106-Aug-1029-Jan-10

1.251.252.00

10.0010.0010.00

21.6523.1322.53

Birla Sun Life India GenNext Fund14-Jan-1116-Jul-1008-Jan-10

1.001.001.00

10.0010.0010.00

14.3914.9714.05

Birla Sun Life New Millennium Fund09-Sep-1026-Feb-1023-Sep-09

0.850.751.00

10.0010.0010.00

14.1613.4914.02

Birla Sun Life Top 100 Fund20-May-1115-Oct-1012-Mar-10

0.801.001.00

10.0010.0010.00

14.53316.57614.952

Birla Sun Life Buy India Fund29-Apr-1109-Sep-1026-Feb-10

1.751.751.25

10.0010.0010.00

23.7527.8322.44

Birla Sun Life MNC Fund25-Feb-1127-Aug-1026-Feb-10

5.255.253.75

10.0010.0010.00

76.7186.2774.35

Birla Sun Life Index Fund23-Mar-073-Feb-0417-Oct-03

6.501.655.60

10.0010.0010.00

21.8311.9916.19

Birla Sun Life India Opportunities Fund25-Feb-1127-Aug-1026-Feb-10

1.251.251.00

10.0010.0010.00

17.3819.2818.77

Birla Sun Life Dividend Yield Plus13-Feb-1217-Jun-1125-Feb-11

0.500.600.60

10.0010.0010.00

13.2013.7313.28

Birla Sun Life ‘95 Fund13-Feb-1229-Apr-1115-Oct-10

5.006.507.50

10.0010.0010.00

105.20114.40124.32




EQUITY SCHEMES Declared on date Dividend# (` per unit) Face value (`) Cum Dividend NAV (` per unit)

Birla Sun Life Tax Relief ‘9631-Mar-1112-Mar-1031-Aug-09

10.0010.0010.00

4.007.004.00

82.8585.2178.56

Birla Sun Life Tax Plan20-May-1117-Sep-1012-Mar-10

10.0010.0010.00

1.002.007.50

45.1350.6951.60



60

Sector AllocationSAVINGS SOLUTIONS

Birla Sun Life EnhancedArbitrage Fund

Allocation as a % of Net Assets %Auto 15.00%

Auto Ancillaries 13.54%

Software 12.50%

Pharmaceuticals 9.42%

Consumer Non Durables 8.23%

Petroleum Products 8.13%

Retailing 7.48%

Future and Options -75.23%

Cash & Cash Equivalents 0.99%

Net receivables / payables 99.93%

Total 100%



Allocation as a % of Net Assets %Banks 17.34%Software 10.10%Finance 8.85%Pharmaceuticals 6.93%Consumer Non Durables 6.43%Petroleum Products 6.32%Auto 5.96%Auto Ancillaries 5.14%Power 4.70%Industrial Capital Goods 4.51%Construction Project 2.94%Ferrous Metals 2.82%Transportation 2.26%Retailing 2.10%Non - Ferrous Metals 2.06%Industrial Products 2.05%Cement 2.04%Pesticides 2.01%Other Equity 4.31%Cash & Cash Equivalents 1.30%Net receivables / payables -0.17%

Total 100%

Note: The above Allocation is as on Feb 29, 2012 as per Industry classification as recommended by AMFI.

Birla Sun Life Tax Relief ‘96

Allocation as a % of Net Assets %Banks 17.34%Software 10.01%Finance 8.69%Pharmaceuticals 6.91%Consumer Non Durables 6.47%Petroleum Products 6.32%Auto 5.91%Auto Ancillaries 4.85%Power 4.54%Industrial Capital Goods 4.37%Ferrous Metals 2.89%Construction Project 2.85%Retailing 2.23%Transportation 2.13%Industrial Products 2.06%Non - Ferrous Metals 2.04%Cement 2.03%Pesticides 2.02%Other Equity 4.30%Cash & Cash Equivalents 2.26%Net receivables / payables -0.19%

Total 100%


61

Sector Allocation

Birla Sun Life Equity Fund

Allocation as a % of Net Assets %Banks 14.21%Software 10.70%Consumer Non Durables 7.75%Petroleum Products 7.55%Power 7.03%Finance 6.38%Auto 6.20%Pharmaceuticals 5.42%Cement 4.64%Construction Project 3.01%Telecom - Services 2.58%Auto Ancillaries 2.41%Gas 2.25%Ferrous Metals 2.25%Consumer Durables 2.03%United States of America 1.32%Other Equity 11.81%Future and Options -0.25%Cash & Cash Equivalents 2.71%Net receivables / payables 0.02%

Total 100%

Birla Sun Life Advantage Fund

Allocation as a % of Net Assets %Banks 22.32%Software 13.83%Consumer Non Durables 7.37%Auto 6.94%Pharmaceuticals 4.42%Ferrous Metals 4.15%Petroleum Products 3.90%Transportation 3.49%Finance 3.39%Construction Project 3.21%Power 2.66%Media & Entertainment 2.61%Industrial Capital Goods 2.55%Retailing 2.53%Industrial Products 2.03%Cement 2.02%Other Equity 11.43%Cash & Cash Equivalents 5.38%Net receivables / payables -4.24%

Total 100%



Birla Sun Life Midcap Fund

Allocation as a % of Net Assets %Consumer Non Durables 15.18%Pharmaceuticals 11.36%Banks 10.96%Gas 6.12%Finance 4.91%Auto Ancillaries 4.79%Cement 4.61%Software 3.79%Construction 3.70%Power 3.48%Fertilisers 3.20%Chemicals 2.95%Construction Project 2.76%Petroleum Products 2.71%Pesticides 2.70%Industrial Capital Goods 2.63%Auto 2.39%Other Equity 8.13%Future and Options 0.25%Cash & Cash Equivalents 2.81%Net receivables / payables 0.57%

Total 100%


Allocation as a % of Net Assets %Banks 15.72%Software 10.61%Consumer Non Durables 9.18%Petroleum Products 7.67%Finance 6.94%Pharmaceuticals 6.27%Auto 5.82%Power 4.57%Ferrous Metals 3.71%Cement 3.70%Telecom - Services 3.18%Construction Project 2.99%Oil 2.45%Auto Ancillaries 2.35%Industrial Products 2.17%Non - Ferrous Metals 2.05%Other Equity 7.52%Future and Options -0.84%Cash & Cash Equivalents 3.58%Net receivables / payables 0.37%

Total 100%

Birla Sun Life Infrastructure Fund

Allocation as a % of Net Assets %Banks 19.14%Power 11.94%Construction Project 8.82%Industrial Products 7.73%Industrial Capital Goods 7.01%Auto Ancillaries 3.87%Finance 3.69%Telecom - Services 3.64%Cement 3.53%Petroleum Products 3.47%Auto 3.34%Gas 3.26%Construction 2.85%Ferrous Metals 2.65%Oil 2.56%Other Equity 7.94%Cash & Cash Equivalents 5.76%Net receivables / payables -1.18%

Total 100%


Allocation as a % of Net Assets %Consumer Non Durables 25.47%Banks 14.00%Media & Entertainment 11.78%Pharmaceuticals 9.06%Auto 8.72%Construction 6.62%Petroleum Products 4.22%Finance 2.70%Telecom - Services 2.39%Auto Ancillaries 2.11%Other Equity 10.09%Cash & Cash Equivalents 3.10%Net receivables / payables -0.28%

Total 100%


Allocation as a % of Net Assets %Software 81.25%Telecom - Services 14.47%Media & Entertainment 2.31%Cash & Cash Equivalents 2.12%Net receivables / payables -0.14%

Total 100%

Birla Sun Life Top 100 Fund

Allocation as a % of Net Assets %Banks 13.69%Consumer Non Durables 10.29%Finance 9.56%Software 9.19%Petroleum Products 7.71%Pharmaceuticals 7.50%Auto 5.92%Power 4.72%Ferrous Metals 4.28%Cement 3.87%Telecom - Services 3.22%Construction Project 2.86%Oil 2.83%Industrial Products 2.46%Non - Ferrous Metals 2.25%Other Equity 5.85%Future and Options -0.03%Cash & Cash Equivalents 5.37%Net receivables / payables -1.54%

Total 100%


62

Sector AllocationBirla Sun Life Buy India Fund

Allocation as a % of Net Assets %Consumer Non Durables 18.55%Pharmaceuticals 18.05%Banks 15.83%Auto 11.98%Finance 8.68%Pesticides 6.48%Transportation 6.16%Retailing 5.86%Auto Ancillaries 2.96%Gas 2.40%Other Equity 1.82%Cash & Cash Equivalents 1.49%Net receivables / payables -0.26%

Total 100%


Birla Sun Life MNC Fund

Allocation as a % of Net Assets %Consumer Non Durables 21.12%Pharmaceuticals 12.30%Industrial Capital Goods 11.88%Finance 10.37%Auto Ancillaries 10.07%Industrial Products 6.29%Software 5.47%Gas 5.30%Banks 4.96%Auto 3.84%Pesticides 3.17%Cement 2.97%Other Equity 1.65%Cash & Cash Equivalents 0.69%Net receivables / payables -0.07%

Total 100%

Birla Sun Life Index Fund

Allocation as a % of Net Assets %Banks 17.54%Software 13.02%Petroleum Products 8.20%Auto 7.83%Consumer Non Durables 6.09%Finance 5.54%Power 4.04%Construction Project 3.88%Pharmaceuticals 3.55%Ferrous Metals 3.31%Oil 3.14%Telecom - Services 2.70%Cement 2.41%Consumer Non Durables 2.21%Industrial Capital Goods 2.13%Non - Ferrous Metals 2.05%Other Equity 3.42%Future and Options 8.60%Cash & Cash Equivalents 2.12%Net receivables / payables -1.77%

Total 100%


Allocation as a % of Net Assets %Banks 17.82%Consumer Non Durables 12.04%Auto 9.99%Petroleum Products 8.41%Software 6.93%Oil 4.06%Finance 3.49%Industrial Products 3.32%Power 3.21%Gas 3.03%Pharmaceuticals 3.01%Cement 2.93%Chemicals 2.54%Media & Entertainment 2.38%Ferrous Metals 2.24%Transportation 2.20%Fertilisers 2.13%Other Equity 4.04%Cash & Cash Equivalents 6.11%Net receivables / payables 0.11%

Total 100%


Allocation as a % of Net Assets %Banks 17.45%Corporate Debt 16.61%Software 8.69%Consumer Non Durables 4.82%Auto 4.59%Pharmaceuticals 3.69%Finance 2.90%Oil 2.47%Construction Project 2.46%Ferrous Metals 2.40%Petroleum Products 2.31%Industrial Capital Goods 2.07%Government Bond 0.55%PSU/PFI Bonds/Banks 0.38%Money Market Instruments 0.18%Other Equity 15.82%Cash & Current Assets 12.59%

Total 100%


Allocation as a % of Net Assets %Software 42.80%Non - Ferrous Metals 11.29%Pharmaceuticals 10.52%Industrial Capital Goods 8.01%Industrial Products 6.97%Finance 4.60%Petroleum Products 2.89%Media & Entertainment 2.47%Power 2.19%Auto 2.12%Telecom - Services 2.06%Cash & Cash Equivalents 4.53%Net receivables / payables -0.45%

Total 100%


63

Sector AllocationBirla Sun Life

Small & Midcap Fund

Allocation as a % of Net Assets %Consumer Non Durables 10.43%Auto Ancillaries 10.26%Pharmaceuticals 7.97%Industrial Products 6.71%Power 6.62%Banks 5.58%Chemicals 5.56%Media & Entertainment 5.44%Construction 4.90%Finance 3.75%Transportation 3.65%Industrial Capital Goods 3.38%Software 3.31%Gas 3.13%Cement 3.00%Textile Products 2.60%Fertilisers 2.46%Pesticides 2.25%Other Equity 4.95%Cash & Cash Equivalents 3.43%Net receivables / payables 0.59%

Total 100%


Allocation as a % of Net Assets %Banks 25.98%Power 11.10%Construction Project 10.07%Fertilisers 8.09%Industrial Capital Goods 6.81%Oil 5.61%Gas 4.37%Petroleum Products 4.02%Industrial Products 3.30%Retailing 3.04%Finance 2.76%Telecom - Services 2.63%Media & Entertainment 2.58%Minerals/Mining 2.10%Transportation 2.01%Other Equity 2.62%Cash & Cash Equivalents 6.43%Net receivables / payables -3.53%

Total 100%


Birla Sun Life Pure Value Fund

Allocation as a % of Net Assets %Banks 24.38%Consumer Non Durables 8.64%Transportation 7.78%Petroleum Products 6.31%Fertilisers 6.08%Industrial Products 5.94%Pharmaceuticals 5.90%Pesticides 4.97%Oil 4.71%Auto Ancillaries 4.18%Power 3.64%Cement 2.68%Ferrous Metals 2.43%Non - Ferrous Metals 2.30%Gas 2.27%Other Equity 3.85%Cash & Cash Equivalents 2.62%Net receivables / payables 1.34%

Total 100%

Birla Sun Life Long TermAdvantage Fund

Allocation as a % of Net Assets %Banks 17.93%Software 15.61%Consumer Non Durables 6.14%Finance 5.93%Pharmaceuticals 5.71%Petroleum Products 5.37%Auto 5.30%Power 3.80%Auto Ancillaries 3.52%Media & Entertainment 3.18%Telecom - Services 3.06%Industrial Capital Goods 2.91%Ferrous Metals 2.79%Transportation 2.66%Construction 2.09%Construction Project 2.06%Other Equity 7.09%Cash & Cash Equivalents 4.59%Net receivables / payables 0.25%

Total 100%

Birla Sun Life CommodityEquities Fund - Global Agri Plan

Allocation as a % of Net Assets %United States of America 57.42%Germany 6.81%United Kingdom 6.67%Singapore 4.98%Australia 4.87%Norway 4.78%Switzerland 3.88%Brazil 3.52%Canada 3.04%Israel 2.20%Hong Kong 1.47%Cash & Cash Equivalents 1.00%Net receivables / payables -0.63%Total 100%

Birla Sun Life CommodityEquities Fund - Global Multi

Commodity PlanAllocation as a % of Net Assets %United States of America 73.88%United Kingdom 8.34%Canada 3.05%Spain 2.88%Norway 2.60%Netherlands 2.47%Switzerland 0.99%Brazil 0.76%Hong Kong 0.73%France 0.35%Cash & Cash Equivalents 6.00%Net receivables / payables -2.06%Total 100%

Birla Sun Life CommodityEquities Fund - Global Precious

Metals PlanAllocation as a % of Net Assets %United States of America 45.26%Canada 30.20%United Kingdom 4.47%Hong Kong 2.54%Australia 2.32%Cash & Cash Equivalents 17.75%Net receivables / payables -2.54%Total 100%


Allocation as a % of Net Assets %United States of America 19.64%Banks 12.19%Software 9.08%Pharmaceuticals 4.86%Finance 4.77%Consumer Non Durables 4.63%Construction Project 3.65%Cement 3.46%Petroleum Products 3.40%Media & Entertainment 3.20%Auto Ancillaries 2.78%Non - Ferrous Metals 2.76%Hong Kong 2.65%Ferrous Metals 2.51%Telecom - Services 2.40%Auto 2.11%Switzerland 1.87%Norway 1.18%Germany 0.94%Singapore 0.75%Australia 0.52%Denmark 0.29%Other Equity 9.82%Cash & Cash Equivalents 3.07%Net receivables / payables -2.54%Total 100%

Country/Sector Allocation


Allocation as a % of Net Assets %United States of America 70.74%Hong Kong 9.43%Switzerland 6.21%Norway 4.91%Germany 3.35%Australia 2.07%Singapore 1.73%Denmark 1.08%Cash & Cash Equivalents 2.13%Net receivables / payables -1.65%

Total 100%


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For further details on our Funds, please contact our Customers Service Centres at details given below.

BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD. (Investment Manager for Birla Sun Life Mutual Fund)One IndiaBulls Centre Tower 1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai-400 013

BRANCHES IDEA Toll Free No. 1800-270-7000 & the centralised TOLL no. 022-66917777

AGRA JAIPUR PANJIM ALLAHABAD 0532 - 2427015 / 3201661 HUBLI 0836 - 4259989 / 4266283AHMEDABAD JALANDHAR PATIALA AMBALA 0171 - 2601345 JAMMU 0191 - 2432601AJMER JAMSHEDPUR PONDICHERY AMRAVATI 0721 - 6451692 JAMNAGAR 0288 - 3200064ALWAR JODHPUR PUNE ANAND 02692 - 247260 KOLKATA 033 - 22882592 / 4 / 5AMRITSAR KANPUR RAIPUR BENGALURU (Jayanagar) 080 - 41555000 MADURAI 0452 - 4231493 / 83AURANGABAD KOLHAPUR RAJKOT BENGALURU (Malleswaram) 080 - 42199223 MARGAO 0832 - 6480109BARODA KOTA RANCHI BENGALURU(Cunningham House Rd) 080 - 22389991 / 2 / 3 MATHURA 0565 - 3207007 / 6959BELGAUM LUCKNOW SALEM BHAVNAGAR 0278 - 6452524 MEHASANA 02762 - 658323 / 16BHILLAI LUDHIANA SHIMLA BHUBANESHWAR 0674 - 2535521 / 3413 MUMBAI (Head Office) 022 - 66928000BHOPAL MADURAI SILIGURI CHANDIGARH 0172 - 2783556 MYSORE 0821 - 4244400 / 1 / 2CALICUT MANDIGOBINDGARH SURAT CHENNAI (Anna Nagar) 044 - 43016950 / 1 / 2 / 4 / 6 NOIDA 0120 - 4203629CHENNAI (Adiyar) MANGALORE TRICHY CHENNAI (Egmore) 044 - 28191681 / 708 / 715 / 699 PATNA 0612 - 2323265 / 66COIMBATORE MEERUT UDAIPUR COCHIN 0484 - 2366817 / 2383969 / 4021722 THANE 022 - 67930660 / 1DEHRADUN MORADABAD VALSAD DELHI 011- 40744514 TRIVANDRUM 0471 - 4017007DHANBAD MUMBAI (Borivali) VARANASI DURGAPUR 0343 - 6454621 / 19 / 3201241 VAPI 0260 - 6454735 / 6ERODE MUMBAI (Ghatkopar) VASHI GUWAHATI 0361 - 2595020 / 2599273 VISHAKAPATNAM 0891 - 6631337 / 8GURGAON MUMBAI (Churchgate) VIJAYWADA GWALIOR 0751 - 6499442 / 378HYDERABAD (Abids) NAGPUR VISAGINDORE NASIKJABALPUR PANIPAT

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