birla sun life frontline equity fund … · birla sun life frontline equity fund an open ended...

Birla Sun Life Frontline Equity FundAn open ended Growth Scheme

Mutual Fund investments are subject to market risks. Please read the Statement of

Additional Information / Scheme Information Document carefully before investing.

Call 1-800-270-7000/1-800-22-7000 (toll-free) | Visit www.birlasunlife.com sms AIM to 56161

J u n e 2 0 1 0

Birla Sun Life

Frontline Equity FundAn Open ended Growth Scheme

Birla Sun Life

Frontline Equity FundAn Open ended Growth Scheme

How do you always keep your investments at the top?

For more details please refer page No 25

Index

2

CEO LETTER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

OUTLOOK. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

SAVINGS SOLUTIONS

Birla Sun Life Cash Plus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Birla Sun Life Cash Manager . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Birla Sun Life Savings Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Birla Sun Life Short Term Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Birla Sun Life Dynamic Bond Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Birla Sun Life Medium Term Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Birla Sun Life Income Plus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Birla Sun Life Income Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Birla Sun Life Floating Rate - Short Term Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Birla Sun Life Gilt Plus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Birla Sun Life Government Securities Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

REGULAR INCOME SOLUTIONS

Birla Sun Life Monthly Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Birla Sun Life MIP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Birla Sun Life MIP II - Wealth 25 Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

Birla Sun Life MIP II - Savings 5 Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

TAX SAVINGS SOLUTIONS

Birla Sun Life Tax Relief '96 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

Birla Sun Life Tax Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

WEALTH CREATION SOLUTIONS

Birla Sun Life Equity Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Birla Sun Life Advantage Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Birla Sun Life Midcap Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

Birla Sun Life Frontline Equity Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Birla Sun Life Infrastructure Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

Birla Sun Life Basic Industries Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

Birla Sun Life India Gennext Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Birla Sun Life New Millennium Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Birla Sun Life Top 100 Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Birla Sun Life Buy India Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

Birla Sun Life MNC Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Birla Sun Life Index Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33

Birla Sun Life India Opportunities Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

Birla Sun Life Dividend Yield Plus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

Birla Sun Life 95 Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

Birla Sun Life Freedom Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

Birla Sun Life Asset Allocation Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

Birla Sun Life Special Situations Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

Birla Sun Life Commodity Equities Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

Birla Sun Life International Equity Fund - Plan A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

Birla Sun Life International Equity Fund - Plan B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

Birla Sun Life Pure Value Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

Birla Sun Life Long Term Advantage Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

METHODOLOGY OF RANKING. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50

DIVIDEND HISTORY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45-47

ASSET ALLOCATION GUIDE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48

OUR COVERAGE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

J u n e 2 0 1 0

Warm Regards,

A. BalasubramanianChief Executive Officer

J u n e 2 0 1 0

Dear Friend,

The month of May 2010 triggered a much-awaited correction in stock markets across the globe. The focus of thesovereign crisis in Greece started spreading across other nations in the Euro zone. The unfolding events reducedrisk appetite and FIIs net sold Indian equities worth Rs. 9,426 crore.

However, May 2010 also produced positives for us – a lot of them through unexpected events.

The 3G spectrum auctions turned out to be bonanza for the government. Together with the Broadband WirelessAccess (BWA) auction bids, the total revenue could be close to 1 trillion rupees and reduce fiscal deficit to 4.5% ofGDP from the estimated 5.5%. This has eased pressure on 10-Year bond yield, setting the road for a bullishflattening of the yield curve.

Though the European crisis created uncertainty, it also seems to have created opportunity for countries like India.Being driven by domestic demand, India can continue to attract more capital flows. India's GDP grew by 8.6% inQ4 2010, lifting the annual FY2009-10 GDP to 7.4%, higher than 7.2% as projected in the Union Budget.

Meanwhile, earnings have continued to be strong and the government showed further intent towards reforms byhiking natural gas prices under the APM regime. Global risk aversion pushed crude oil prices lower, raising hopeof auto fuel price decontrol as well.

India is likely to witness a short-term impact of the crisis, but considering Indian economy's resilience to the globalrecession last year, its long-term impact might not be severe this time as well.

We continue to hold our conviction for channelising savings into capital markets through mutual funds. A rightcombination of Fixed Income & Equity schemes would provide the opportunity to create wealth for a regularsavings through debt products.

We are also happy to share with you that Birla Sun Life Mutual Fund has crossed the Rs.73000 crore mark ofaverage AUM. We assure our investors that our endeavor is to deliver consistent investment performance &service at all times.

AAUM Rs.73,855 Crores as on 31 May 2010Source : www.amfiindia.com

OutlookJ u n e 2 0 1 0

Our Investment Team (In alphabetical order)

Achala Kanitkar Research Analyst : Equity

Ajay Argal Co-Head : Equity

Ajay Garg Fund Manager : Equity

Ankit Sancheti Fund Manager/ Research Analyst : Equity

Atul Penkar Fund Manager/ Research Analyst : Equity

Chanchal Khandelwal Research Analyst : Equity

Hemang Dagli Sr. Equity Dealer / Fund Manager

Kaustubh Gupta Fund Manager / Dealer : Fixed Income

Lokesh Mallya Fund Manager /Research Analyst :Fixed Income

Mahesh Patil Co-Head : Equity

Maneesh Dangi Head : Fixed Income

Mayank Hyanki

Merlyn Joseph Research Analyst : Equity

Naysar Shah Sr Research Analyst : Equity

Nishit Dholakia Fund Manager / Research Analyst : Equity

Paresh Khandelwal Research Analyst : Equity

Research Analyst : Equity

Prasad Dhonde Fund Manager / Dealer : Fixed Income

Sanjay Chawla Fund Manager : Equity

Satyabrata Mohanty Head : Mixed Assets

Shaktie Prakash Fund Manager / Dealer : Fixed Income

Sujit Patki Dealer : Equity

Sunaina Da cunha Fund Manager / Research Analyst : Fixed Income

Varda Pandey

Vineet Maloo Fund Manager/ Research Analyst : Equity

Rohit Murarka Research Analyst : Fixed Income

Research Analyst : Fixed Income

04

Surprising reliefThe debt market received unexpected relief as a few unforeseen factors becamemajor influences to turn around the weakening trend of bonds. However,tightening liquidity has since played spoilsport and the yield curve ended off thelows reached during the month of May 2010. Call rate rose to 5.30-5.40%. Ten-year benchmark yield ended at 7.55% from 7.76%. It slumped to 7.38%, a 6-month low, during the height of the rally.

Unexpected boostThe government has received Rs.67,719 crore from the 3G spectrum sale. Thisis almost double the projected Rs.35,000 crore with the excess revenueamounting to around 7% of the full borrowing calendar. Further, the BroadbandWireless Access (BWA) auction bids have also exceeded expectations with Rs.35,000 crore as per the latest reports with the auction still on. The total amountwill be more than Rs. 100,000 crore, which means that non-tax revenue is higherand this could bring down the fiscal deficit to 4.5% of GDP from the estimated5.5%. The pressure on government borrowing can ease to that extent.

Can Europe slow down RBIHowever, currently major concerns are coming from Europe, where the EU and

Debt Outlook

the IMF has raised its bailout support to nearly $1 trillion for Greece. However, the spotlight on Greece has since expanded to include other nations asdeteriorating fiscal deficit news has fallen out of the closet. Countries likePortugal, Italy and Spain have established austerity measures but credit ratingagencies have not reacted positively. Fitch has cut Spain's sovereign creditrating. Hungary came to the scene after a leading political official reportedly saidthat Hungary faces a Greek-like sovereign-debt problem. Amid thesedevelopments, India will not be immune to the effects of European crises.

What is next?The domestic inflation rate appears to have peaked but by no means does thismean that inflation is in a comfort zone and other macro economic data remainsrobust. The proposal of raising prices of motor fuels will put further pressure oninflation. Monsoon has struck the Kerala coast but its spread has to be watched.Meanwhile, liquidity faces another test from advance tax payments in mid-June.We expect money market rates to tighten further in view of large outflows onaccount of 3G, BWA and tax payments. Ten-year yield is expected to be in thebroad range of 7.40%-7.80%.

Source : Reuters

Equity Outlook

Global investor sentiment has suffered setbacks in the month of May 2010 whichis reflected in the risk assets prices declining. Indian equity markets have,however, been surprisingly resilient on the surface. Stepping a level deeper intosector level movements we find similar sentiments are manifest here as well.

Source : ReutersComputation : Internal

FIIs net sold equities worth Rs. 9,426 crore during the month. It was the sharpestreversal in the flows since October 2008.

Euro zone – the epicentreThe global stock markets remained hostage to the uncertainty over the exactsize and expanse of the sovereign crisis among Euro zone nations. While EUand IMF promised to extend a helping hand with a financial package, sovereigncredit rating downgrades and news of a bank needing bailout (Spain) andbanning of short selling in some financial instruments (Germany) maintained afear psychosis across the globe. Euro zone members came up with austeritymeasures but there was no lasting positive impact on sentiment, as suchmeasures would, on the other hand, weaken economic growth drivers.

Policymakers would act to contain the current logjam and prevent situation fromfurther worsening. It is unlikely that they will let the global financial system come

dangerously close to instability since they have seen the impact of late 2008events in US banking industry with the collapse of Lehman Brothers. Theprobability of policymakers not any taking decisive steps is very low given theconsequences of inaction.

Fundamentals intact...India's domestic fundamentals remain still strong. This fact was furtherreinforced by the release of fourth quarter GDP data. The Central StatisticalOrganization (CSO) announced that GDP growth in the quarter ended March2010 (QE Mar 2010) was at 8.6%. This compares with 6.5% (revised upwards from 6% earlier) registered in QE December 2009 and 8.6% (revised upwardsfrom 7.9% earlier) registered in QE September 2009.The agriculture output accelerated 0.7% in QE Mar 2010 after declining1.8%YoY in the previous quarter due to better winter crop (rabi) production. Thegrowth in the mining and quarrying also accelerated to 14% in QE Mar 2010 (vs.9.6% in the earlier quarter).

The industry segment growth accelerated to 13.2% in QE Mar 2010 compared to11.3% in the previous quarter. Within industry, the manufacturing segmentgrowth picked up further to 16.3% (vs. 13.8% earlier). Growth in the electricity, gas & water supply and construction segments accelerated to 7.1% and 8.7%,respectively, (vs. 4.7% and 8.1% in QE Dec 2009).Growth in the services sector accelerated to 8.4% in QE Mar 2010, comparedwith 7.2% in the previous quarter. Within services, the growth in the trade, hotels,transport & communication segment accelerated to 12.4% (vs. 10.2% earlier).The financing, insurance, real estate & business services growth remainedstable at 7.9% in QE Mar 2010 compared to the previous quarter. The growth inthe community, social & personal services segment remained lackluster at 1.6%(vs. 0.8% earlier) due to lower government spending in this quarter.

Additionally, the 3G spectrum receipts and forthcoming broadband wirelessaccess revenue, PSU stake sales will reduce pressure on the fiscal deficit. Fromthe policy point of view, there is a portion of the market, which believes that it isunlikely that the RBI will move forward with an aggressive tightening, until theEuropean issue calms down. A key variable is the monsoon and its progressover the coming days and weeks will be watched.

Equity Markets Sector IndicesMSCI Emerging Markets Index -9.20% BSE METAL INDEX -14.30%S&P 500 INDEX (US) -8.20% B SE Realty Index -11.30%S&P EUROPE 350 INDEX -5.70% BSE POWER INDEX -4.40%

BSE IT INDEX -3.40%Domestic Market Indices BSE CAPITAL GOODS INDEX -2.60%BSE SENSEX 30 INDEX -3.50% BSE AUTO INDEX -1.30%NSE S&P CNX NIFTY INDEX -3.60% BSE OIL & GAS INDEX 2.60%BSE 200 INDEX -3.50% BSE HEALTHCARE INDEX 2.70%BSE SMALL-CAP INDEX -7.20% BSE FMCG INDEX 3.60%BSE MID-CAP INDEX -4.90%

CurrenciesCommodities AUSTRALIAN DOLLAR SPOT -8.50%REUTERS/JEFFERIES CRB Index-8.20% Asia Dollar Index -2.10%

Fund Details

Investment Objective

As on May 31, 2010

Birla Sun Life Cash Plus

Investment Style Box

Low Interest RateSensitivity

High

Mid

Low

Credit Quality

High Med

Fund Manager :Ms. Sunaina Da Cunha

Managing Fund Since : June 18, 2009Total Experience : 11 years & 6 yearsDate of inception : June 16, 1997Nature of the scheme : An Open-ended Liquid Scheme

Default option : Appln of less than Rs. 1 cr - Retail Plan - Dividend ReinvestmentAppln of equal to or greater than Rs. 1 cr but less than Rs. 5 cr - Institutional Plan - Daily Dividend ReinvestmentAppln of equal to or greater than Rs. 5 cr - Institutional Premium Plan - Daily Dividend Reinvestment

Retail PlanFresh Purchase : Rs. 10000/-Additional Purchase : Rs. 1000/-Institutional PlanFresh Purchase : Rs. 1 CroreAdditional Purchase : Rs. 1 LacInstitutional Premium PlanFresh Purchase : Rs. 5 CroreAdditional Purchase : Rs. 1 LacRedemption Cheques : Within 10 working daysissuedSystematic Investment : Not Available Plan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Retail PlanGrowth : 24.6402Daily Dividend : 16.3694(Reinvestment)Institutional PlanGrowth : 25.0400Daily Dividend : 10.8023(Reinvestment)Fortnightly Dividend : 10.8240(Payout & Reinvestment)Weekly Dividend : 10.8098(Payout & Reinvestment)Institutional Premium PlanGrowth : 14.8402Daily Dividend : 10.0195(Payout & Reinvestment)Fortnightly Dividend : 10.0000(Payout & Reinvestment)Weekly Dividend : 10.0260(Payout & Reinvestment)Monthly Dividend : 10.0000(Payout & Reinvestment)

Benchmark : CRISIL Liquid Fund IndexAverage AUM : Rs. 4,941.93 Crores

Entry Load : NilExit Load : Nil

Average Maturity : 0.07 YearsYield to Maturity : 5.00%Mark to Market : -Standard DeviationRetail Plan : 0.15%Institutional Plan : 0.15%Institutional Premium Plan : 0.14%

Mr. Prasad Dhonde &

Key Features

Plans / Options & NAV

Load Structure

OtherParameter

(As on May 31, 2010)

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

An open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judiciousinvestments in high quality debt and money market instruments.

Portfolio & Asset Allocation

Issuer % to Net RatingAssets


Bills Discounted 41.68

HDFC Bank Ltd. 31.67

IndusInd Bank Ltd. 10.01

Money Market Instruments 22.43

Reliance Communication Ltd. 6.60 PR1+

State Bank of Travancore 3.33 P1+

Punjab and Sind Bank 2.83 A1+

State Bank of Patiala 2.67 A1+

ICICI Securities Primary Dealership Ltd. 2.50 P1+

ICICI Bank Ltd. 1.66 A1+

IDBI Bank LTD. 1.37 A1+

United Bank Of India 0.87 A1+

Bank Of Baroda 0.60 A1+

Cash & Current Assets 35.89

Total Net Assets 100.00

(Past performance is no guarantee of future results.) for ranking methodology please refer page 50

CRISIL~CPR 2^^Birla Sun Life Cash Plus - Retail Plan

Consistent CPR Performer - Liquid (16 Schemes) , 5 Yrs ended 31-Mar-10

+The grading has been assigned by ICRA and indicates highest quality. The investment quality is similar to that of fixed income obligations of highest safety and with maturity corresponding upto 1 year. This grading should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns.

Rating ProfileInvestment Performance

Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.

% R

etur

ns

Birla Sun Life Cash Plus - Retail - Growth CRISIL Liquid Fund Index

��#

�Value Research RatingBirla Sun Life Cash Plus - Institutional Premium Plan

Ultra Short Term Institutional (49 Schemes), 18 months & 3 years ended 31-May-10

Savings

Solutions

Birla Sun Life Cash Plus - Institutional Premium PlanLiquid Super Institutional ended 31-Mar-10 (14 Schemes), 1yr

CRISIL~CPR 2^^Birla Sun Life Cash Plus - Institutional Plan

Liquid Institutional ended 31-Mar-10 (13 Schemes), 1yr

CRISIL~CPR 2^^

22.43%

35.89%

41.68%

AAA

Cash & Current Assets

Other

05

3.56 3.56 3.70

7.20

4.053.44

3.82

0

1

2

3

4

5

6

7

8

15 days 1 Month 3 Months Since Inception

Fund Details


As on May 31, 2010

Birla Sun Life Cash Manager



High

Mid

Low

Credit Quality

High Med


Managing Fund Since : June 18, 2009Total Experience : 11 years & 6 yearsDate of inception : May 14, 1998Nature of the scheme : An Open-ended Liquid Scheme

Default option : Appln of less than Rs. 1 cr - Weekly Dividend Reinvestment.Appln of equal to or greater than Rs. 1 cr - Institutional Plan - Daily Dividend Reinvestment

Retail PlanFresh Purchase : Rs. 10000/-Additional Purchase : Rs. 1000/-Institutional PlanFresh Purchase : Rs. 1 CroreAdditional Purchase : Rs. 1 LacRedemption Cheques : Within 10 working days issuedSystematic Investment : Not Available Plan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Retail PlanGrowth : 22.6143Weekly Dividend : 10.0088(Reinvestment)

Institutional PlanGrowth : 15.5171Daily Dividend : 10.0030(Reinvestment)

Weekly Dividend : 10.0095(Reinvestment)

Benchmark : CRISIL Liquid Fund IndexAverage AUM : Rs. 280.30 Crores


Average Maturity : 0.03 YearsYield to Maturity : 5.00%Mark to Market : -Standard DeviationRetail Plan : 0.15%Institutional Plan : 0.15%

Mr. Prasad Dhonde &

Key Features


Load Structure

Other Parameter

(As on May 31, 2010)

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

An open-ended liquid scheme with the objective to provide current income which is consistent with a portfolio that offers investors superiorliquidity by investing 100% in a diversified portfolio of debt (Fixed Income) and money market securities.

Rating Profile

Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.

Birla Sun Life Cash Manager-Growth CRISIL Liquid Fund Index

Investment Performance

% R

etu

rns





Oriental Bank of Commerce 10.39 P1+

Canara Bank 6.49 P1+

National Housing Bank 6.49 P1+

State Bank of Hyderabad 6.49 A1+


ING Vysya Bank Ltd. 4.46 P1+

UCO Bank 2.60 P1+



#��Value Research Rating�

Birla Sun Life Cash Manager - Retail PlanDebt: Ultra Short Term (42 Schemes), 18 months & 3 years ended 31-May-10



Birla Sun Life Cash Manager - Institutional PlanDebt: Ultra Short Term Institutional (49 Schemes), 18 months & 3 years ended 31-May-10

Savings

Solutions

Birla Sun Life Cash Manager - Retail PlanLiquid ended 31-Mar-10 (26 Schemes), 1yr

CRISIL~CPR 2^^Birla Sun Life Cash Manager - Institutional Plan

Liquid Institutional ended 31-Mar-10 (13 Schemes), 1yr

CRISIL~CPR 1^^

06

41.65%

58.35%

AAA

Cash & Current Assets4.19 4.04 4.22

7.00

4.053.44

3.82

0

1

2

3

4

5

6

7

8


Fund Details

Investment Obje

Birla Sun Life Savings Fund

As on May 31, 2010



High

Mid

Low

Credit Quality

High Med

Fund Manager :Managing Fund Since : June 18, 2009Total Experience : 10 yearsDate of inceptionRetail Plan : November 27, 2001Institutional Plan : April 16, 2003Nature of the scheme : An Open-ended Short Term

Income Scheme

Default option : Appln of less than Rs. 1 cr - Retail Plan - Weekly Dividend

ReinvestmentAppln of equal to or greater than Rs. 1 cr - Institutional Plan - Daily Dividend Reinvestment

Retail PlanFresh Purchase : Rs. 10000/-Additional Purchase : Rs. 1000/-Institutional PlanFresh Purchase : Rs. 1 CroreAdditional Purchase : Rs. 1 LacRedemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Retail PlanGrowth : 17.2421Daily Dividend : 10.0068(Reinvestment)Weekly Dividend : 10.0047(Payout & Reinvestment)Fortnightly Dividend : 11.2638(Payout & Reinvestment)Monthly Dividend : 10.2236(Payout, Reinvestment & Sweep Option)Institutional PlanGrowth : 17.6278Daily Dividend : 10.0068(Reinvestment)Weekly Dividend : 10.0052(Payout & Reinvestment)Fortnightly Dividend : 10.8341(Payout & Reinvestment)Monthly Dividend : 10.2457(Payout, Reinvestment & Sweep Option)

Benchmark : CRISIL Short-Term Bond Fund Index

Average AUM : Rs. 26,377.68 Crores


Average Maturity : 0.31 YearsYield to Maturity : 5.40%Mark to Market : 2%Standard DeviationRetail Plan : 0.13%Institutional Plan : 0.12%

Mr. Maneesh Dangi

Key Features


Load Structure (Incl. for SIP)

Other Parameter

(As on May 31, 2010)

Note:

Standard Deviation is calculated on annualised basis using 1 year history of monthlyreturns, source: MFI Explorer

Birla Sun Life Savings Fund - Institutional Plan Ultra Short Term Debt Scheme - Institutional (28 Schemes), 1yr ended 31-Mar-10

CRISIL~CPR 2^^


Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than1year&CAGRforperiod1yearormore.Whenbenchmark returns arenotavailable, they havenotbeenshown.

% R

etur

ns

Birla Sun Life Savings Fund - Retail Growth CRISIL Short-Term Bond Fund Index

Investment Performance Rating Profile

The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybegenerated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes willundernormal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.





Central Bank of India 8.01 PR1+

IDBI Bank Ltd. 7.85 A1+

Punjab National Bank 6.00 PR1+

ICICI Bank Ltd. 5.83 A1+

Andhra Bank 5.49 PR1+

Reliance Communication Ltd. 5.16 PR1+

Canara Bank 3.61 P1+

Reliance Capital Ltd. 2.92 A1+

UCO Bank 2.34 P1+

Bank of Baroda 2.11 A1+

United Bank of India 2.01 PR1+

Oriental Bank of Commerce 1.90 P1+

Corporation Bank 1.44 P1+

Andhra Bank 1.42 F1+

Kotak Mahindra Bank Ltd. 1.37 P1+

State Bank of Hyderabad 0.94 A1+

Federal Bank Ltd. 0.91 P1+

State Bank of Patiala 0.89 P1+

State Bank of Patiala 0.86 A1+

Steel Authority of India Ltd. 0.85 PR1+

South Indian Bank 0.72 PR1+

State Bank of Mysore 0.64 A1+

IDBI Bank Ltd. 0.60 P1+

National Housing Bank 0.54 P1+

Small Industries Development Bank of India 0.54 A1+

State Bank of Bikaner and Jaipur 0.53 P1+

Rural Electrification Corporation Ltd. 0.47 PR1+

The Jammu And Kashmir Bank Ltd 0.42 P1+

HDFC Ltd. 0.34 A1+

L&T Finance Limited. 0.32 PR1+


Punjab and Sind Bank 0.23 A1+

Vijaya Bank 0.21 PR1+

L&T Infrastructure Finance Company Ltd. 0.21 A1+

Indian Oil Corporation Ltd. 0.15 P1+

Sundaram BNP Paribas Home Finance Ltd 0.10 A1+

Bajaj Auto Finance Ltd. 0.04 P1+

Floating Rate Instruments 5.31

HDFC Ltd. ** 1.70 AAA

HDFC Ltd. ** 0.72 LAAA

UltraTech Cement Ltd. ** 0.65 AAA

Tata Steel Ltd. ** 0.65 AA

CitiFinancial Consumer Finance India Ltd. ** 0.43 AA

Tata Sons Ltd. ** 0.39 AAA

IDFC Ltd. ** 0.32 LAA+

Indian Railway Finance Corporation Ltd. ** 0.21 AAA

Power Finance Corporation Ltd. ** 0.13 AAA

ICICI Bank Ltd. ** 0.10 AAA

Bills Discounted 4.51

HDFC Bank Ltd. 4.51

Corporate Debt 2.04


ICICI Home Finance Company Ltd. ** 0.39 LAAA

CitiFinancial Consumer Finance India Ltd. ** 0.35 AA

LIC Housing Finance Ltd. ** 0.26 AAA

Sundaram Finance Ltd. ** 0.14 LAA+

Kotak Mahindra Prime Ltd. ** 0.12 LAA

Tata Sons Ltd. ** 0.11 AAA

Mahindra & Mahindra Financial Services Ltd ** 0.11 AA-

IDFC Ltd. ** 0.11 AA+

Aditya Birla Nuvo Ltd. ** # AA+

Treasury Bills 0.85

91 Days T-bill 30 Jun 2010 0.68 Sovereign

91 Days T-bill 13 Aug 2010 0.17 Sovereign

Securitised Debt 0.51

Tata Capital Ltd. ** 0.44 CARE AA+(SO)

Power Finance Corporation Ltd. ** 0.07 AAA(SO)

NTPC Ltd. ** 0.01 AAA(SO)

PSU/PFI Bonds/Banks 0.22

National Housing Bank ** 0.22 AAA

Rural Electrification Corporation Ltd. ** # AAA



** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 8.09 %. # Indicates less than 0.01

Birla Sun Life Savings Fund - Retail Plan Ultra Short Term Debt Scheme (36 Schemes), 1yr ended 31-Mar-10

CRISIL~CPR 2^^

Savings

Solutions

07

0.85%

2.68%

4.51%

18.24%

73.72%

Sovereign

AA

Other


AAA

4.45

6.98 6.74 6.61

4.88

7.84

6.81

0

1

2

3

4

5

6

7

8

9

1 Year 3 Years 5 Years Since Inception

Fund Details

Investment Obje

As on May 31, 2010

Birla Sun Life Ultra Short Term Fund*



High

Mid

Low

Credit Quality

High Med

Fund Manager :Mr. Lokesh Mallya

Managing Fund Since : September 29, 2009Total Experience : 5 years & 4 yearsDate of inception : April 19, 2002Nature of the scheme : An Open-ended Short Term

Income Scheme

Default option : Appln of less than Rs. 2 cr - Retail Plan - Fortnightly Dividend ReinvestmentAppln of equal to or greater than Rs. 2 cr - Institutional Plan - Fortnightly Dividend Reinvestment

Retail PlanFresh Purchase : Rs. 10000/-Additional Purchase : Rs. 1000/-Institutional PlanFresh Purchase : Rs. 2 CroreAdditional Purchase : Rs. 10000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Retail PlanGrowth : 16.7583Daily Dividend : 10.0055(Reinvestment)Fortnightly Dividend : 10.3027(Payout & Reinvestment)Monthly Dividend : 10.7709(Payout, Reinvestment & Sweep Option)Institutional PlanGrowth : 11.0376Daily Dividend : 10.0055(Reinvestment)

Fortnightly Dividend : 10.2139(Payout & Reinvestment)

Benchmark : CRISIL Short-Term Bond Fund Index


Entry Load : NilExit Load** :

Average Maturity : 0.39 YearsYield to Maturity : 5.75%Mark to Market : 10%Standard Deviation : 0.16%

Mr. Kaustubh Gupta &

Key Features



OtherParameter

(As on May 31, 2010)

Weekly Dividend : 10.1797(Payout, Reinvestment)

For redemption/switch-out of units within 15 days from the date of allotment: 0.25% of applicable NAV.**Exit / Entry Load is NIL for units issued inBonus & Dividend Reinvestment.

Past performance may or may not be sustained in future. Returns are in % and absolute returns forperiod less than 1 year & CAGR for period 1 year or more.

% R

etur

ns

Birla Sun Life Ulta Short Term Fund - Retail Plan - Growth CRISIL Short-Term Bond Fund Index


An open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in adiversified portfolio of debt and money market securities with relatively low levels of interest rate risk.

Note:

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


Birla Sun Life Ultra Short Term Fund - Retail PlanUltra Short Term Debt Schemes (36 Schemes), 1 Yr ended 31-Mar-10

CRISIL~CPR 2^^




Money Market Instruments 81.34United Bank of India 9.38 PR1+HDFC Bank Ltd. 9.05 A1+Vijaya Bank 7.25 PR1+ICICI Bank Ltd. 5.73 A1+IDBI Bank Ltd. 4.56 A1+Central Bank of India 4.14 PR1+Punjab National Bank 3.86 PR1+Canara Bank 3.76 P1+Andhra Bank 3.54 PR1+Indian Bank 3.31 P1+Bank of Maharashtra 2.56 P1+ING Vysya Bank Ltd. 2.55 P1+Bank of India 2.48 P1+Oriental Bank of Commerce 2.31 P1+State Bank of Bikaner and Jaipur 2.11 P1+Dena Bank 2.09 P1+Punjab and Sind Bank 1.95 A1+Syndicate Bank 1.45 PR1+Yes Bank Limited 1.40 P1+Allahabad Bank 1.08 A1+National Housing Bank 0.86 P1+IndusInd Bank Ltd. 0.85 PR1+State Bank of Hyderabad 0.85 A1+Union Bank of India 0.83 P1+

Federal Bank Ltd. 0.73 P1+Karnataka Bank Ltd. 0.64 A1+HDFC Ltd. 0.63 A1+Punjab and Sind Bank 0.63 PR1+Hindustan Petroleum Corporation Ltd. 0.30 P1+Corporation Bank 0.22 P1+State Bank of Patiala 0.17 P1+Kotak Mahindra Bank Ltd. 0.08 P1+

PSU/PFI Bonds/Banks 1.56National Housing Bank 1.30 AAARural Electrification Corporation Ltd. 0.26 AAA

Treasury Bills 0.0791 Days T-bill 04 June 2010 0.04 Sovereign28 Days T-bill 16 June 2010 0.04 Sovereign

Corporate Debt 0.04Housing Development Finance Corporation Ltd. 0.04 AAA



Savings

Solutions

08

*Name of scheme changed w.e.f. April 20, 2010 erstwhile Birla Sun Life Short Term Fund.

0.07%

16.98%

82.95%

Sovereign


AAA

4.40

7.16 7.016.56

4.88

7.84

6.816.27

0

1

2

3

4

5

6

7

8

9


Fund Details

Investment Obje

Birla Sun Life Dynamic Bond Fund

As on May 31, 2010



High

Mid

Low

Credit Quality

High Med

Fund Manager :Managing Fund Since : June 18, 2009Total Experience : 10 yearsDate of inception : September 27, 2004Nature of the scheme : An Open-ended Income Scheme

Default option : Quarterly Dividend ReinvestmentRetail Monthly Dividend Sweep OptionFresh Purchase : Rs. 5 lacsAdditional Purchase : Rs. 1000/-For Other OptionFresh Purchase : Rs. 5000/- Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Retail Growth : 15.6650Retail Quarterly Dividend : 11.2440(Payout, Reinvestment & Sweep Option)Retail Monthly Dividend : 10.4106(Payout, Reinvestment & Sweep Option)Retail Monthly Dividendsweep option also available (w.e.f Jan 12, 2009)

Benchmark : CRISIL Composite Bond Fund Index


Entry Load : Nil

Exit Load** : For redemption/switch-out of units within 180 days from the date ofallotment: 0.50% of applicableNAV.**Exit / Entry Load is NIL for units issued inBonus & Dividend Reinvestment.

Average Maturity : 1.95 YearsModified Duration : 1.75 YearsYield to Maturity : 7.10%Mark to Market : 34%Standard Deviation : 0.89%

Mr. Maneesh Dangi

Key Features



OtherParameter

(As on May 31, 2010)

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


#��Value Research Rating��

Birla Sun Life Dynamic Bond FundDebt: Medium Term (40 Schemes), 18 months & 3 years ended 31-May-10




Money Market Instruments 35.22ICICI Bank Ltd. 10.89 A1+Kotak Mahindra Bank Ltd. 6.46 P1+Tata Tele Services Ltd. 3.13 PR1+Bank of India 2.67 P1+Tata Motors Ltd. 2.65 P1+State Bank of Patiala 2.11 P1+HDFC Bank Ltd. 1.61 A1+Punjab and Sind Bank 1.41 A1+Indian Bank 1.07 P1+Oriental Bank of Commerce 0.91 P1+IDBI Bank Ltd. 0.80 P1+Bajaj Auto Finance Ltd. 0.55 P1+Canara Bank 0.53 P1+HDFC Ltd. 0.38 A1+Punjab National Bank 0.05 PR1+

Corporate Debt 28.49Tata Sons Ltd. ** 5.86 AAAReliance Utilities & Power Pvt. Ltd. ** 3.99 AAA(SO)Reliance Ports & Terminals Ltd. ** 3.46 AAAHDFC Ltd. ** 4.07 AAALIC Housing Finance Ltd. ** 1.47 AAAAditya Birla Nuvo Ltd. ** 1.36 LAA+Sundaram Finance Ltd. ** 1.33 AA+Tata Capital Ltd. ** 1.12 AA+GE Capital Services India ** 1.06 AAAKotak Mahindra Prime Ltd. ** 0.85 AATata Capital Ltd. ** 0.83 LAA+Reliance Industries Ltd. ** 0.83 AAAMundra Port & Special Economic Zone Ltd. ** 0.65 AA(So)Sundaram Finance Ltd. ** 0.56 LAA+Bajaj Auto Finance Ltd. ** 0.30 LAA+

Kotak Mahindra Prime Ltd. ** 0.29 LAAMahindra & Mahindra Financial Services Ltd ** 0.34 AA-Bajaj Auto Finance Ltd. ** 0.06 AA+IDFV Ltd. ** 0.03 AA+IDFC Ltd. ** 0.01 LAA+

Securitised Debt 7.76Tata Capital Ltd. ** 4.48 CARE AA+(SO)Power Finance Corporation Ltd. ** 2.59 AAA(SO)North Delhi Power Limited ** 0.68 LAAA(SO)

Floating Rate Instruments 5.75Power Finance Corporation Ltd. 4.47 AAAAxis Bank Ltd. 0.44 LAA+LIC Housing Finance Ltd. 0.41 AAAICICI Bank Ltd. 0.37 AAAUnion Bank of India 0.05 AAA

Government Bond 3.368.26% GOI 02 Aug 2027 3.19 Sovereign07.02% CGL 2016 0.16 Sovereign08.20% CGL 2022 0.01 Sovereign

PSU/PFI Bonds/Banks 2.17Power Finance Corporation Ltd. ** 0.76 AAAPower Finance Corporation Ltd. 0.11 AAAIDBI Bank Ltd. ** 0.57 AA+National Housing Bank ** 0.56 AAARural Electrification Corporation Ltd. ** 0.17 AAA



** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 38.30 %


% R

etur

ns

Birla Sun Life DBF - Retail - Growth Crisil Composite Bond Fund Index


An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolioby investing in high quality debt and money market instruments.

Savings

Solutions

09

Birla Sun Life Dynamic Bond Fund - Retail PlanDebt: Short Schemes (25 Schemes), 1 Yr ended 31-Mar-10

CRISIL~CPR 2^^

3.36%

13.23%

17.26%

66.15%

Sovereign

AA


AAA

7.22

10.41

8.668.23

4.68

7.05

5.71 5.53

0

2

4

6

8

10

12


Fund Details


Birla Sun Life Medium Term Plan

As on May 31, 2010



High

Mid

Low

Credit Quality

High Med

Fund Manager :Mr. Kaustubh Gupta

Managing Fund Since : June 25, 2009Total Experience : 10 years & 5 yearsDate of inception : March 25, 2009Nature of the scheme : An Open-ended Income Scheme

Default option : Default Plan RetailDefault Option GrowthDefault Facility FortnightlyDividend Reinvestment

Retail PlanFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-For Institutional PlanFresh Purchase : Rs. 1 Crore Additional Purchase : Rs. 10,000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : Not Available Plan (SWP)Systematic Transfer : AvailablePlan (STP)

Retail PlanWeekly Dividend : 10.0175Fortnightly Dividend : 10.1430Monthly Dividend : 10.1528(Payout, Reinvestment & Sweep Option)Quarterly Dividend : 10.1778(Payout, Reinvestment & Sweep Option)Growth : 10.6949Institutional PlanWeekly Dividend : 10.0290Fortnightly Dividend : 10.1431Monthly Dividend : 10.1099(Payout, Reinvestment & Sweep Option)Quarterly Dividend : 10.1819(Payout, Reinvestment & Sweep Option)Growth : 10.3652

Benchmark : CRISIL Short Term Bond Fund Index

Average AUM : Rs. 958.40 Crores

Entry Load : NilExit Load** :

Mr. Maneesh Dangi &

Key Features



Other Parameter

(As on May 31, 2010)

0.25% if redeemed / switched out within 90 days from the date of allotment**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.

Average Maturity : 1.05 YearsYield to Maturity : 6.75%Mark to Market : 36%Standard DeviationInstitutional Plan : 2.46%




Money Market Instruments 34.43Punjab and Sind Bank 13.52 A1+Reliance Capital Ltd. 12.06 A1+Kotak Mahindra Prime Ltd. 4.88 P1+IDBI Bank Ltd. 3.97 A1+

Corporate Debt 30.02Reliance Ports & Terminals Ltd.** 5.31 AAAKotak Mahindra Prime Ltd.** 4.50 LAAAditya Birla Nuvo Ltd.** 4.17 LAA+HDFC Ltd.** 4.12 AAALIC Housing Finance Ltd.** 2.96 AAAReliance Industries Ltd. 2.59 AAABajaj Auto Finance Ltd.** 2.58 AA+

Kotak Mahindra Prime Ltd.** 2.57 P1+Tata Capital Ltd.** 1.22 AA+

PSU/PFI Bonds/Banks 4.54ICICI Bank Ltd.** 2.57 AAAPower Finance Corporation Ltd.** 1.97 AAA

Government Bond 0.976.90% CGL 2019 0.97 Sovereign




% R

etur

ns

Birla Sun Life Medium Term Plan - Retail - Growth Crisil Short Term Bond Fund Index


The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments inorder to make regular dividend payments to unitholders & secondary objective is growth of capital.

** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 31.97 %

Savings

Solutions

10

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

Birla Sun Life Medium Term Plan - Retail PlanDebt: Short Schemes (25 Schemes), 1 Yr ended 31-Mar-10

CRISIL~CPR 2^^


0.97%

12.47%

30.04%

56.52%

Sovereign

AA


AAA

5.565.84

4.92

5.84

1

2

3

4

5

6

7

1 Year Since Inception

Fund Details

Investment Obje

Birla Sun Life Income PlusAs on May 31, 2010



High

Mid

Low

Credit Quality

High Med

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

Default option : Dividend ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Growth : 42.4237Dividend : 11.3688(Payout & Reinvestment)



Entry Load : Nil

Exit Load** : 0.25% if redeemed / switched outwithin 7 days from the date ofallotment**Exit / Entry Load is NIL for unitsissued in Bonus & DividendReinvestment.

Average Maturity : 8.57 YearsModified Duration : 7.50 YearsYield to Maturity : 7.50%Mark to Market : 90%Standard Deviation : 2.49%

Prasad Dhonde

Key Features



Other Parameter

(As on May 31, 2010)

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

CRISIL~CPR 1^^

Birla Sun Life Income PlusConsistent CPR Performer-Debt (13 Schemes), 5 Yrs ended 31-Mar-10


An open-ended income scheme with the objective to generate consistent income through superior yields on its investments at moderate levelsof risk through a diversified investment approach.

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than1year&CAGRforperiod1yearormore.Whenbenchmark returns arenotavailable, theyhavenotbeenshown.

% R

etur

ns

Birla Sun Life Income Plus Growth CRISIL Composite Bond Fund Index





Government Bond 56.85

08.20% CGL 2022 56.80 Sovereign

08.24% CGL 2027 0.05 Sovereign

Corporate Debt 34.65

Reliance Industries Ltd. 11.25 AAA

Tata Motors Ltd. ** 10.48 AAA(SO)

Reliance Ports & Terminals Ltd. ** 4.60 AAA

LIC Housing Finance Ltd. ** 3.45 AAA

Reliance Gas Transpotation Infra Ltd ** 1.69 AAA


Sundaram Finance Ltd. ** 1.50 LAA+

Infrastructure Leasing & Financial Services Ltd. ** 0.15 LAAA

PSU/PFI Bonds/Banks 1.13

IDBI Bank Ltd. ** 0.65 AA+

ICICI Bank Ltd. ** 0.49 AAA



** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 24.53 %.

Savings

Solutions

11

2.14%

7.37%

33.64%

56.85%

AA


AAA

Sovereign

4.73

11.33

8.59

10.39

4.68

7.05

5.71

0

2

4

6

8

10

12


Fund Details

Investment Obje

As on May 31, 2010

Birla Sun Life Income Fund



High

Mid

Low

Credit Quality

High Med

Fund Manager :Managing Fund Since : Jan 11, 2010Total Experience : 6 years Date of inception : March 3, 1997Nature of the scheme : An Open-ended Income Scheme


Growth : 34.4228Quarterly Dividend : 10.9846(Payout, Reinvestment & Sweep Option)Half Yearly Dividend : 11.4540(Payout, Reinvestment & Sweep Option)54 EA Growth : 34.399054 EA Dividend : 10.374454 EB Growth : 34.182354 EB Dividend : 15.1740



Entry Load : NilExit Load** : 0.50% if redeemed / switched out

within180 days from the date of allotment**Exit / Entry Load is NIL for units issuedin Bonus & Dividend Reinvestment.

Average Maturity : 4.19 YearsModified Duration : 3.75 YearsYield to Maturity : 7.00%Mark to Market : 53%Standard DeviationRetail Plan : 2.70%54 EA Growth : 2.70%54 EB Growth : 2.70%

Mr. Shaktie Prakash

Key Features



Other Parameter

(As on May 31, 2010)

Note:

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




Corporate Debt 30.24Reliance Industries Ltd. 8.39 AAATata Sons Ltd.** 6.02 AAAHDFC Ltd.** 5.95 AAAKotak Mahindra Prime Ltd.** 5.95 P1+Tata Motors Ltd.** 2.58 AAA(SO)Reliance Gas Transpotation Infrastructure Ltd.** 1.35 AAA

Money Market Instruments 23.05State Bank of Patiala 5.86 P1+Bank of Baroda 5.77 A1+State Bank of Hyderabad 5.77 A1+Canara Bank 5.66 P1+

Government Bond 22.9308.20% CGL 2022 21.95 Sovereign7.35% CGL 2024 0.89 Sovereign06.05% CGL 2019 FEB 0.09 Sovereign

PSU/PFI Bonds/Banks 1.23Indian Railway Finance Corporation Ltd.** 1.23 AAA



Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.

% R

etur

ns

Birla Sun Life Income Fund Growth CRISIL Composite Bond Fund Index


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

Savings

Solutions

12

** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 23.08%.

22.55%

22.93%

54.51%


Sovereign

AAA

5.81

9.178.19

9.78

4.68

7.05

5.71

0

2

4

6

8

10

12


Fund Details


As on May 31, 2010

Birla Sun Life Floating Rate Fund Short Term Plan



High

Mid

Low

Credit Quality

High Med


Managing Fund Since : June 18, 2009Total Experience : 11 years & 6 years Date of inception : June 05, 2003Nature of the scheme : An Open-ended Income Scheme

Default option : Appln of less than Rs. 5 cr - Daily Dividend ReinvestmentAppln of equal to or greater than Rs. 5 cr - Institutional Plan - Daily Dividend Reinvestment

Retail PlanFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Institutional PlanFresh Purchase : Rs. 5 CroreAdditional Purchase : Rs. 1 Lac

Redemption Cheques : Within 10 working days issuedSystematic Investment : NAPlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Retail PlanGrowth : 15.2675Daily Dividend (Reinvestment) : 10.0015Dividend (Reinvestment) : 10.3777Institutional PlanGrowth : 12.3032Daily Dividend (Reinvestment) : 10.0000Weekly Dividend (Reinvestment) : 10.0107Fortnightly Dividend : 10.0000(Reinvestment)

Benchmark : CRISIL Liquid Fund Index



Average Maturity : 0.08 YearsYield to Maturity : 5.00%Standard DeviationRetail Plan : 0.21%

Mr. Prasad Dhonde &

Key Features


Load Structure

Other Parameter

(As on May 31, 2010)

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



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

Money Market Instruments 91.88ICICI Bank Ltd. 45.05 A1+IDBI Bank Ltd. 25.05 A1+United Bank of India 15.08 A1+State Bank of Hyderabad 6.70 A1+

Floating Rate Instruments 3.35ICICI Bank Ltd. 3.35 AAA



3 Years

% R

etur

ns

Past performance may or may not be sustained in future. Returns are in % and simpleannualized for period less than 1 year & CAGR for period 1 year or more.

Birla Sun Life Floating Rate Fund - STP - Growth CRISIL Liquid Fund Index

Savings

Solutions

Rating Profile


13

4.77%

95.23%


AAA

4.79 4.835.31

6.24

4.053.44

3.82

5.64

0

1

2

3

4

5

6

7



As on May 31, 2010

An open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusivelyin Government Securities.

Birla Sun Life Gilt Plus



High

Mid

Low

Credit Quality

High Med

Fund Manager :Managing Fund Since : June 18, 2009Total Experience : 6 yearsDate of inception : October 12, 1999Nature of the scheme : An Open-ended Government

Securities Scheme

Default option : GrowthFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Liquid PlanGrowth : 21.3864(Quarterly Gain & Annual Gain)Dividend : 10.4240(Payout, Reinvestment & Sweep Option)Annual Dividend Option : 10.3580(Payout, Reinvestment & Sweep Option)PF PlanGrowth : 24.1819(Quarterly Gain & Annual Gain)Dividend : 10.1692(Payout, Reinvestment & Sweep Option)Annual Dividend Option : 18.1186(Payout, Reinvestment & Sweep Option)Regular PlanGrowth : 30.9568(Quarterly Gain & Annual Gain)Dividend : 11.8906(Payout, Reinvestment & Sweep Option)Annual Dividend Option : 23.1791(Payout, Reinvestment & Sweep Option)

Benchmark :Liquid Plan : I-Sec SI-BEXPF Plan : I-Sec LI-BEXRegular Plan : I-Sec LI-BEXAverage AUMLiquid Plan : Rs. 6.32 CroresPF Plan : Rs. 54.26 CroresRegular Plan : Rs. 78.67 Crores

Liquid Plan, Regular Plan & PF Plan - Quarterly / AnnualDividendEntry Load : NilExit Load : NilPF Plan - GrowthEntry Load : NilExit Load** : 1% if redeemed / switched out

within 365 days from the date of allotment**Exit / Entry Load is NIL for units issued inBonus & Dividend Reinvestment.

Average Maturity Liquid Plan : -PF Plan : 10.50 YearsRegular Plan : 9.25 YearsModified DurationLiquid Plan : -PF Plan : 8.50 YearsRegular Plan : 8.00 YearsYield to MaturityLiquid Plan : 5.00 %PF Plan : 7.50 %Regular Plan : 5.00 %Mark to MarketLiquid Plan : -PF Plan : 91 % Regular Plan : 94 %Standard DeviationLiquid Plan : 1.78 %PF Plan : 2.83 % Regular Plan : 2.49 %

Mr. Shaktie Prakash

Key Features



Other Parameter

(As on May 31, 2010)

Note:

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

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than1 year &CAGRfor period 1 year or more.When benchmark returns are not available, they have not been shown.

Investment Performance - Liquid Plan Rating Profile - Liquid Plan

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than1year&CAGRforperiod1 yearor more.When benchmark returns are not available, they havenot beenshown.

Investment Performance - PF Plan Rating Profile - PF Plan


Investment Performance - Regular plan Rating Profile - Regular Plan

Birla Sun Life Gilt Plus - LP Growth I-Sec SI-BEX

Birla Sun Life Gilt Plus - PF Growth I-Sec LI-BEX

Birla Sun Life Gilt Plus - RP Growth I-Sec LI-BEX

% R

etur

ns%

Ret

urns

% R

etur

ns

Fund Details


Government Bond 91.2608.20% CGL 2022 89.33 Sovereign07.47% OIL MKT CO GOI BOND 2012 1.93 Sovereign






Portfolio & Asset Allocation - Liquid Plan Portfolio & Asset Allocation - PF Plan


Government Bond 94.4808.20% CGL 2022 76.19 Sovereign07.47% OIL MKT CO GOI BOND 2012 18.30 Sovereign



Portfolio & Asset Allocation - Regular Plan

Savings

Solutions

14


Birla Sun Life Gilt Plus - Liquid PlanGilt: Short Term (10 Schemes), 18 months & 3 years ended 31-May-10


100.00%Cash & Current Assets

8.74%

91.26%


Sovereign

5.52%

94.48%


Sovereign

5.16 5.14 5.41

7.41

5.54

8.95

7.81

0

1

2

3

4

5

6

7

8

9

10


2.67

5.08 4.88

8.65

2.94

9.45

7.86

0123456789

10


1.03

9.33

7.99

11.20

2.94

9.45

7.86

0

2

4

6

8

10

12


As on May 31, 2010

Fund Details



High

Mid

Low

Credit Quality

High Med

Fund Manager :Managing Fund Since : June 18, 2009Total Experience : 10 years Date of inception : October 28, 1999Nature of the scheme : An Open-ended Gilt Scheme

Default option : GrowthFor Short Term Retail Plan & Long Term PlanFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-For Short Term Institutional PlanFresh Purchase : Rs. 5 croresAdditional Purchase : Rs. 1 lacsRedemption Cheques : Within 10 working days issued

Systematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Long Term PlanGrowth : 27.3870Dividend : 11.6130(Payout & Reinvestment)

Short Term Plan - Retail Growth : 18.3437Dividend : 10.2311(Payout & Reinvestment)Daily Dividend : 10.0031(Reinvestment)Weekly Dividend : 10.0033(Reinvestment)Institutional Plan Daily Dividend : 10.0000

BenchmarkShort Term Plan : I-Sec SI-BEXLong Term Plan : I-Sec LI-BEX

Average AUMLong Term Plan : Rs. 86.42 CroresShort Term Plan : Rs. 1.77 Crores

Entry Load : NilExit LoadLong Term :

Average Maturity Long Term Plan :Short Term Plan :

Yield to Maturity Long Term Plan : 5.00 %Short Term Plan : 5.00 %

Standard DeviationLong Term Plan : 3.06%Short Term Plan : 0.96%

Mr. Maneesh Dangi

Key Features



Other Parameter

Maximum Subscription amount (incl. switch in)Long Term Plan : 2 Crores

1.00% if redeemed / switched out within 365 days from the date of allotment**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.

Short Term : Nil

--

Modified DurationLong Term Plan : -Short Term Plan : -

Mark to MarketLong Term Plan : -Short Term Plan : -

(As on May 31, 2010)

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

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


Birla Sun Life Government Securities Fund


% R

etur

ns

Birla Sun Life G-Sec Fund - LTP - Growth I-Sec Li-BEX

Investment Performance - Long Term Plan Rating Profile - Long Term Plan

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than1year&CAGRforperiod1 year or more.When benchmark returns are not available, they have not been shown.

Investment Performance - Short Term Plan Rating Profile - Short Term Plan

% R

etur

ns

Birla Sun Life G-Sec Fund - STP - Growth I-Sec Si-BEX







Portfolio & Asset Allocation - Long Term Plan Portfolio & Asset Allocation - Short Term Plan

#��Value Research Rating��

Birla Sun Life Government Securities Fund - Long Term PlanGilt: Medium & Long Term (32 Schemes), 18 months & 3 years ended 31-May-10


Savings

Solutions

15



12.25

10.93

8.24

9.97

2.94

9.45

7.86

0

2

4

6

8

10

12

14


3.55

4.384.79

5.895.54

8.95

7.81

0

1

2

3

4

5

6

7

8

9

10


Fund Details

Birla Sun Life Monthly IncomeAn open-ended scheme. Monthly income is not assured and is subject

to availability of distributable surplus

As on May 31, 2010


High Mid Low Interest rate sensitivity

High

Mid

Low

Credit Quality

Fund Manager :Mr. Nishit Dholakia

Managing Fund Since : June 18, 2009Total Experience : 12 years & 10 yearsDate of inception : July 14, 1999Nature of the scheme : An Open-ended Income Scheme

Default Plan / Option : Growth / Dividend ReinvestmentFor Monthly & Quarterly Dividend Fresh Purchase : Rs. 25000/-Additional Purchase : Rs. 5000/-For Growth PlanFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issued

Monthly Dividend : 11.2591(Payout, Reinvestment & Sweep Option)Quarterly Dividend : 11.8162(Payout, Reinvestment & Sweep Option)Growth : 34.4871

Benchmark : CRISIL MIP Blended IndexAverage AUM : Rs. 491.18 Crores

Entry Load : Nil

Exit Load** : 1.00% if redeemed / switched out within 365 days from the date of allotment**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.

Average Maturity : 1.11 YearsYield to Maturity : 5.25%(for Debt Component)Mark to Market : 34%Standard Deviation : 8.05%

##Sharp Ratio : 0.65

Mr. Satyabrata Mohanty &

Key Features


Load Structure

Other Parameter

(As on May 31, 2010)

An open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterlydistributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability ofdistributable surplus


Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.

% R

etur

ns


Birla Sun Life Monthly Income - Growth Crisil MIP Blended Index

Debt Allocation 64.34

Equity Allocation 12.01

Money Market Instruments 42.34Oriental Bank of Commerce 10.54 P1+ICICI Bank Ltd. 7.82 A1+IDBI Bank Ltd. 7.68 A1+L&T Finance Limited. 4.86 PR1+Bank of Baroda 4.78 A1+Corporation Bank 4.76 P1+Punjab National Bank 1.90 PR1+

Corporate Debt 16.73Sundaram Finance Ltd. ** 10.01 LAA+HDFC Ltd. ** 3.18 AAALIC Housing Finance Ltd. ** 2.10 AAAICICI Home Finance Company Ltd. ** 1.01 LAAAIDFC Ltd. ** 0.42 AA+

PSU/PFI Bonds/Banks 3.24NABARD ** 1.99 AAAPower Finance Corporation Ltd. ** 0.72 AAAIDBI Bank Ltd. ** 0.54 AA+

Government Bond 2.0308.20% CGL 2022 1.03 Sovereign8.26% GOI 02 Aug 2027 1.01 Sovereign

Banks 1.95Canara Bank 0.41Axis Bank Ltd. 0.34Allahabad Bank 0.33United Bank Of India 0.32ICICI Bank Ltd. 0.29The South Indian Bank Ltd. 0.25

Finance 1.39Rural Electrification Corporation Ltd. 0.33Shriram Transport Finance Company Ltd. 0.31Power Finance Corporation Ltd 0.31HDFC Ltd. 0.22LIC Housing Finance Ltd. 0.15McDowell Holdings Ltd. 0.08

Consumer Non Durables 0.93ICI India Ltd. 0.45Asian Paints Ltd. 0.29Glaxosmithkline Consumer Healthcare Ltd. 0.19

Industrial Products 0.80Cummins (India) Ltd. 0.44Greaves Cotton Ltd. 0.36

Fertilisers 0.66Coromandel International Limited 0.52Chambal Fertilisers and Chemicals Ltd. 0.14

Pesticides 0.62Rallis India Ltd. 0.62

Power 0.62Kalpataru Power Transmission Ltd. 0.22Gujarat Industries Power Company Ltd. 0.20KEC International Ltd. 0.19

Software 0.60HCL Technologies Ltd. 0.31Infosys Technologies Ltd. 0.30

Auto 0.60Mahindra & Mahindra Ltd. 0.31Hero Honda Motors Ltd. 0.29

Petroleum Products 0.51Hindustan Petroleum Corporation Ltd. 0.36Castrol India Ltd. 0.15

Industrial Capital Goods 0.48Thermax Ltd. 0.28Emco Ltd. 0.12Elecon Engineering Company Ltd. 0.08

Consumer Durables 0.43Bajaj Electricals Ltd. 0.29Blue Star Ltd. 0.15

Gas 0.39Indraprastha Gas Ltd. 0.39

Transportation 0.36The Great Eastern Shipping Co. Ltd 0.18Gateway Distriparks Ltd. 0.18

Oil 0.33Oil & Natural Gas Corporation Ltd. 0.33

Media & Entertainment 0.29Jagran Prakashan Ltd. 0.29Magnasound India Ltd. ** #

Pharmaceuticals 0.28Wyeth Ltd. 0.28

Auto Ancillaries 0.28Phillips Carbon Black Limited 0.28

Hotels 0.20Taj GVK Hotels & Resorts Ltd. 0.20

Construction Project 0.15Voltas Ltd. 0.15

Ferrous Metals 0.13PSL Ltd. 0.13





** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 19.97% # Indicates less than 0.01



Note:Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 yearhistory of monthly returns, source: MFI Explorer.##Risk-free rate assumed to be 4.40%(91 day T-bill yield As on May 31, 2010)

MIP Conservative Scheme (11 Schemes), 2 years ended 31-Mar-10

Birla Sun Life Monthly IncomeCRISIL~CPR 1^^

Regular

Income

Solutions

16

2.03%

10.97%

12.01%

23.65%

51.33%

Sovereign

AA

Other


AAA

��#

�Value Research RatingBirla Sun Life Monthly Income

Hybrid: Monthly Income (34 Schemes),for 3 & 5 years periods ended 31-May-10

10.209.66

10.18

12.04

6.34

7.708.33

0

2

4

6

8

10

12

14


Fund Details

Birla Sun Life MIPAn open-ended scheme. Monthly income is not assured and is subject


As on May 31, 2010


Credit Quality


High

Mid

Low


Managing Fund Since : June 18, 2009Total Experience : 12 years & 10 yearsDate of inception : November 20, 2000Nature of the scheme : An Open-ended Income Scheme

Default option : Dividend Reinvestment / Instant Payment

For Monthly Dividend / PaymentFresh Purchase : Rs. 25000/-Additional Purchase : Rs. 1000/-For GrowthFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issued

Dividend : 11.2720(Payout, Reinvestment & Sweep Option)Monthly Payment / Growth : 25.0547(Instant / Deferred)


Entry Load : Nil

Exit Load** : 0.25% if redeemed/switched out within 7 days from the date of allotment




Key Features


Load Structure

Other Parameter

(As on May 31, 2010)

**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.


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



% R

etur

ns


Birla Sun Life MIP - Growth Crisil MIP Bended Index



Money Market Instruments 42.16Reliance Capital Ltd. 12.52 A1+Union Bank of India 10.38 P1+Oriental Bank of Commerce 8.77 P1+IDBI Bank Ltd. 8.76 A1+Punjab National Bank 1.73 PR1+

Corporate Debt 17.37Sundaram Finance Ltd.** 7.28 LAA+HDFC Ltd.** 4.28 AAALIC Housing Finance Ltd.** 3.64 AAAIDFC Ltd.** 1.91 AA+Trent Ltd.** 0.26 CARE AA-

PSU/PFI Bonds/Banks 15.52NABARD ** 7.23 AAAIDBI Bank Ltd.** 4.81 AA+Power Finance Corporation Ltd.** 1.95 AAAPower Grid Corporation of India Ltd.** 1.46 AAAState Bank of India** 0.08 AAA


Industrial Capital Goods 1.61Crompton Greaves Ltd. 0.45Thermax Ltd. 0.41Alstom Projects India Ltd. 0.38AIA Engineering Ltd. 0.37

Banks 1.42Axis Bank Ltd. 0.36HDFC Bank Ltd. 0.36ING Vysya Bank Ltd. 0.35ICICI Bank Ltd. 0.35

Software 1.32Oracle Financial Services Software Ltd. 0.45Wipro Ltd. 0.44Tata Consultancy Services Ltd. 0.43

Auto 0.86Mahindra & Mahindra Ltd. 0.31Tata Motors Ltd. 0.27Ashok Leyland Ltd. 0.27

Construction Project 0.82Voltas Ltd. 0.46Hindustan Construction Company Ltd. 0.36

Pharmaceuticals 0.76Aurobindo Pharma Ltd. 0.43Divis Laboratories Ltd. 0.32

Consumer Non Durables 0.74ITC Ltd. 0.46Bata India Ltd. 0.27

Construction 0.65Sobha Developers Ltd. 0.33Sadbhav Engineering Ltd. 0.31

Consumer Durables 0.60Whirlpool of India Ltd. 0.60

Power 0.58Torrent Power Ltd. 0.29KSK Energy Ventures Ltd. 0.29

Media & Entertainment 0.58Zee Entertainment Enterprises Ltd. 0.30HT Media Ltd. 0.14Dish TV India Ltd. 0.14

Industrial Products 0.49Jain Irrigation Systems Ltd. 0.49

Finance 0.47Shriram Transport Finance Company Ltd. 0.47

Transportation 0.44Cox & Kings (India) Ltd. 0.44

Fertilisers 0.44Coromandel International Ltd. 0.44

Gas 0.43Gujarat State Petronet Ltd. 0.43

Petroleum Products 0.42Reliance Industries Ltd. 0.42

Auto Ancillaries 0.39Amtek Auto Ltd. 0.39

Non - Ferrous Metals 0.35Hindustan Zinc Ltd. 0.35

Textile Products 0.30S. Kumars Nationwide Ltd. 0.30






** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 32.89%

Regular

Income

Solutions

17

MIP Conservative Scheme (11 Schemes), 2 years ended 31-Mar-10

Birla Sun Life MIP CRISIL~CPR 2^^


1.04%

10.25%

13.66%

14.26%

60.80%

Sovereign


Equity

AA

AAA9.298.40 8.77

10.12

6.34

7.708.33

0

2

4

6

8

10

12


Fund Details


Birla Sun Life MIP II - Wealth 25 PlanAn open-ended scheme. Monthly income is not assured and is subject


As on May 31, 2010


Credit Quality


High

Mid

Low


Managing Fund Since : June 18, 2009Total Experience : 12 years & 10 yearsDate of inception : May 22, 2004Nature of the scheme : An Open-ended Income Scheme

Default option : Dividend ReinvestmentFor Monthly Dividend / PaymentFresh Purchase : Rs. 25000/-Additional Purchase : Rs. 1000/-For GrowthFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issued

Dividend : 11.2377(Payout, Reinvestment & Sweep Option)Growth / Payment : 16.8776


Entry Load : Nil

Exit Load** : 1% if redeemed / switched out within 365 days from the date of allotment**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.




Key Features


Load Structure

Other Parameter

(As on May 31, 2010)

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

Past performance may or may not be sustained in future. Returns are in % and absolute returns forperiod less than 1year &CAGRfor period 1year or more.

% R

etur

ns


Birla Sun Life MIP II - Wealth 25 - Growth Crisil MIP Bended Index



Money Market Instruments 49.62Reliance Capital Ltd. 12.99 A1+ICICI Bank Ltd. 11.29 A1+Oriental Bank of Commerce 7.96 P1+IDBI Bank Ltd. 7.95 A1+Corporation Bank 7.86 P1+Union Bank of India 1.57 P1+

Government Bond 5.578.26% GOI 02 Aug 2027 3.33 Sovereign07.38% CGL 2015 1.65 Sovereign07.61% OIL COMP GOI BONDS 2015 0.60 Sovereign

PSU/PFI Bonds/Banks 3.63IDBI Bank Ltd.** 2.15 AA+NABARD ** 1.48 AAA

Corporate Debt 3.37HDFC Ltd.** 1.72 AAALIC Housing Finance Ltd.** 1.65 AAA

Banks 3.07HDFC Bank Ltd. 0.69Axis Bank Ltd. 0.65Andhra Bank 0.50Union Bank of India 0.50United Bank Of India 0.29Yes Bank Ltd. 0.24Kotak Mahindra Bank Ltd. 0.20

Industrial Capital Goods 2.75Honeywell Automation India Ltd. 0.67Crompton Greaves Ltd. 0.59Thermax Ltd. 0.58AIA Engineering Ltd. 0.47Alstom Projects India Ltd. 0.45

Consumer Non Durables 1.70ITC Ltd. 0.61United Breweries Ltd. 0.47Bata India Ltd. 0.45Godrej Consumer Products Ltd. 0.16Nestle India Ltd. 0.01

Auto 1.62Mahindra & Mahindra Ltd. 0.70Bajaj Auto Ltd. 0.58Tata Motors Ltd. 0.34

Software 1.41Infosys Technologies Ltd. 0.44Oracle Financial Services Software Ltd. 0.41Mphasis Ltd. 0.38Core Projects & Technologies Ltd. 0.19

Power 1.21Reliance Infrastructure Ltd. 0.65

KSK Energy Ventures Ltd. 0.29Torrent Power Ltd. 0.27

Media & Entertainment 1.19Dish TV India Ltd. 0.41DQ Entertainment International Ltd. 0.41HT Media Ltd. 0.37

Pharmaceuticals 1.08Aurobindo Pharma Ltd 0.56Divis Laboratories Ltd. 0.51

Transportation 0.98IRB Infrastructure Developers Ltd. 0.43Cox & Kings (India) Ltd. 0.43Arshiya International Ltd. 0.12

Finance 0.96LIC Housing Finance Ltd. 0.49Shriram Transport Finance Company Ltd. 0.47

Auto Ancillaries 0.90Amtek Auto Ltd. 0.59Phillips Carbon Black Ltd. 0.31

Construction 0.85IVRCL Infrastructures & Projects Ltd. 0.49Patel Engineering Ltd. 0.36

Consumer Durables 0.84Whirlpool of India Ltd. 0.84


Textile Products 0.53S. Kumars Nationwide Ltd. 0.53


Construction Project 0.50Lanco Infratech Ltd. 0.50

Cement 0.42Shree Cements Ltd. 0.42


Minerals/Mining 0.35Nava Bharat Ventures Ltd. 0.35

Hardware 0.26Allied Digital Services Ltd. 0.26








Regular

Income

Solutions

18

MIP Aggressive Scheme (21 Schemes), 2 years ended 31-Mar-10

Birla Sun Life MIP II - Wealth 25 PlanCRISIL~CPR 2^^


2.15%

5.57%

15.71%

22.10%

54.47%

AA

Sovereign


Other

AAA

10.84

6.96

8.93 9.07

6.34

7.708.33 7.95

0

2

4

6

8

10

12


Fund Details


As on May 31, 2010

Birla Sun Life MIP II - Savings 5 PlanAn open-ended scheme. Monthly income is not assured and is subject



Credit Quality


High

Mid

Low


Managing Fund Since : June 18, 2009Total Experience : 12 years & 10 yearsDate of inception : May 22, 2004Nature of the scheme : An Open-ended Income Scheme

Default option : Growth / Dividend ReinvestmentFor Monthly Dividend / PaymentFresh Purchase : Rs. 25000/-Additional Purchase : Rs. 1000/-For GrowthFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Monthly Dividend : 11.2012(Payout, Reinvestment & Sweep Option)Monthly Payment / Growth : 16.6506

Benchmark : CRISIL MIP Blended IndexAverage AUM : Rs. 1,793.12 Crores

Entry Load : Nil





Key Features



Other Parameter

(As on May 31, 2010)

Note:

Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 yearhistory of monthly returns, source: MFI Explorer.##Risk-free rate assumed to be 4.40%(91 day T-bill yield As on May 31, 2010)

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


% R

etur

ns


Birla Sun Life MIP II - Savings 5 - Growth Crisil MIP Bended Index



Money Market Instruments 46.35HDFC Bank Ltd. 12.11 A1+Bank of Baroda 10.00 A1+Indian Bank 5.38 P1+IDBI Bank Ltd. 4.62 A1+ICICI Bank Ltd. 4.15 A1+Reliance Capital Ltd. 3.61 A1+Federal Bank Ltd. 2.68 P1+Punjab National Bank 1.61 PR1+Corporation Bank 1.35 P1+Union Bank of India 0.81 P1+Oriental Bank of Commerce 0.03 P1+

Corporate Debt 12.13Reliance Utilities & Power Pvt. Ltd. ** 4.90 AAA(SO)LIC Housing Finance Ltd.** 3.79 AAATata Sons Ltd.** 1.69 AAAHDFC Ltd ** 1.22 AAAICICI Home Finance Company Ltd. ** 0.28 LAAAReliance Industries Ltd. ** 0.24 AAA

PSU/PFI Bonds/Banks 7.53Rural Electrification Corporation Ltd. ** 3.14 AAAPower Finance Corporation Ltd. ** 2.74 AAANABARD ** 0.84 AAAIndian Oil Corporation Ltd. ** 0.56 AAAIDBI Bank Ltd. ** 0.25 AA+


Floating Rate Instruments 2.82Power Finance Corporation Ltd. 2.82 AAA

Consumer Non Durables 1.26Asian Paints Ltd. 0.22Glaxosmithkline Consumer Healthcare Ltd. 0.19ITC Ltd. 0.14Godrej Consumer Products Ltd. 0.12Nestle India Ltd. 0.12Dabur India Ltd. 0.12Colgate-Palmolive (India) Ltd. 0.11Marico Ltd. 0.10ICI India Ltd. 0.10Procter&Gamble Hygiene&Health Care Ltd. 0.05

Finance 0.82LIC Housing Finance Ltd. 0.32Rural Electrification Corporation Ltd. 0.25CRISIL Ltd. 0.14Power Finance Corporation Ltd 0.12

Banks 0.62Allahabad Bank 0.21United Bank Of India 0.20Union Bank of India 0.20

Auto 0.54Bajaj Auto Ltd. 0.23Mahindra & Mahindra Ltd. 0.19Tata Motors Ltd. 0.12

Cement 0.42Orient Paper & Industries Ltd. 0.19Mangalam Cement Ltd. 0.14Birla Corporation Ltd. 0.08

Software 0.37Tata Consultancy Services Ltd. 0.15Polaris Software Lab Ltd. 0.12Infosys Technologies Ltd. 0.11

Pharmaceuticals 0.37Cadila Healthcare Ltd. 0.14Glaxosmithkline Pharmaceuticals Ltd. 0.12Wyeth Ltd. 0.11

Industrial Capital Goods 0.28Bharat Electronics Ltd. 0.12Thermax Ltd. 0.11Elecon Engineering Company Ltd. 0.06

Industrial Products 0.25Cummins (India) Ltd. 0.18Greaves Cotton Ltd. 0.07

Oil 0.21Oil & Natural Gas Corporation Ltd. 0.13Oil India Ltd 0.08

Non - Ferrous Metals 0.17Sterlite Industries (India) Ltd. 0.17



Auto Ancillaries 0.13Phillips Carbon Black Ltd. 0.13

Ferrous Metals 0.11Maharashtra Seamless Ltd. 0.11

Transportation 0.11Gateway Distriparks Ltd. 0.11

Power 0.10Kalpataru Power Transmission Ltd. 0.10

Construction Project 0.10Voltas Ltd. 0.10

Media & Entertainment 0.10D.B. Corp Ltd. 0.09Jagran Prakashan Ltd. 0.01


Leisure Facilities 0.07Talwalkars Better Value Fitness Limited 0.07






��#

��Value Research RatingBirla Sun Life MIP II Savings 5 Plan

Hybrid: Monthly Income (34 Schemes),for 3 & 5 years periods ended 31-May-10


MIP Conservative schemes (11 Schemes), 2 years ended 31-Mar-10

Birla Sun Life MIP II Savings 5 PlanCRISIL~CPR 2^^

Regular

Income

Solutions

0.25%

3.48%

6.42%

21.28%

68.58%

AA

Sovereign

Other


AAA

19


6.35

12.07

9.768.83

6.34

7.708.33 7.95

0

2

4

6

8

10

12

14


As on May 31, 2010

Birla Sun Life Tax Relief ‘96An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years

Fund Manager :Managing Fund Since : October 01,2006Total Experience : 15 yearsDate of inception : March 29, 1996Nature of the scheme : An Open-ended ELSS Scheme

Default option : Dividend PayoutFresh Purchase : Rs. 500/-Additional Purchase : Rs. 500/-Redemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : Not Available Plan (SWP)Systematic Transfer : Not AvailablePlan (STP)

Dividend : 80.17(Payout, Reinvestment & Sweep)Growth (w.e.f. 06/03/08) : 10.82

Benchmark : BSE 200Average AUM : Rs. 1,370.00 Crores

Entry Load : Nil

Exit Load : Nil

Standard Deviation : 41.41%##Sharpe Ratio : 0.04

Beta : 1.05

Mr. Ajay Garg

Key Features


Load Structure (Incl for SIP)

Other Parameter

(As on May 31, 2010)

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 4.40% (91 day T-bill yield As on May 31, 2010).

An open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a targetallocation of 80% equity, 20% debt and money market securities

Birla Sun Life Tax Relief ‘96 - Dividend BSE 200

% R

etur

ns

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Returns assume reinvestment of the tax free dividend declared.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Tax Relief ‘96...

Date of First Installment : April 01, 1996The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)

Investment Period Total Investment(Rs.) Birla Sun Life

Tax Relief ‘96Birla Sun Life Tax

Relief ‘96BSE 200 BSE 200

Value (Rs.) of SIP in Returns (%)*

Since Inception 170000 650388 1901254 17.30 30.29

Last 5 years 60000 84983 88119 13.91 15.38

Last 3 years 36000 44542 46240 14.36 16.99

Last 1 year 12000 12773 13155 12.24 18.46

Issuer % to NetAssets



Banks 16.16State Bank of India 4.16ING Vysya Bank Ltd. 3.29Axis Bank Ltd. 3.22HDFC Bank Ltd. 2.47ICICI Bank Ltd. 2.27Kotak Mahindra Bank Ltd. 0.74

Power 8.86Reliance Infrastructure Ltd. 3.84Torrent Power Ltd. 2.77GVK Power & Infrastructure Ltd. 0.85KSK Energy Ventures Ltd. 0.81JSW Energy Ltd. 0.58

Industrial Capital Goods 8.63Honeywell Automation India Ltd. 3.57Bharat Heavy Electricals Ltd. 2.62Crompton Greaves Ltd. 1.57Bharat Bijlee Ltd. 0.51Siemens Ltd. 0.37

Software 8.12Infosys Technologies Ltd. 4.87Tata Consultancy Services Ltd. 1.94Wipro Ltd. 1.14Core Projects & Technologies Ltd. 0.17


Finance 6.91HDFC Ltd. 3.29

ICRA Ltd. 2.42India Infoline Ltd. 1.20

Ferrous Metals 5.82Jindal Steel & Power Ltd. 3.85Tata Steel Limited 1.97

Auto Ancillaries 5.54MRF Ltd. 2.47Bosch Ltd. 2.04Sundaram-Clayton Ltd. 1.03

Hotels 4.73Indian Hotels Company Ltd. 2.77Taj GVK Hotels & Resorts Ltd. 0.95Asian Hotels North Ltd. 0.40Vardhaman Hotels Ltd.** 0.31Chillwinds Hotels Ltd.** 0.31

Construction Project 4.27Larsen & Toubro Ltd. 4.27

Auto 3.51Maruti Suzuki India Ltd. 1.86Mahindra & Mahindra Ltd. 1.65

Non - Ferrous Metals 3.27Hindalco Industries Ltd. 1.97Sterlite Industries (India) Ltd. 1.30

Pesticides 3.15United Phosphorus Ltd. 1.91Rallis India Ltd. 1.24

Consumer Non Durables 3.13United Breweries Holdings Ltd. 1.44

United Spirits Ltd. 1.02Radico Khaitan Ltd. 0.67

Industrial Products 2.57Cummins (India) Ltd. 2.57

Pharmaceuticals 2.12Glaxosmithkline Pharmaceuticals Ltd. 2.12

Transportation 1.90Jet Airways India Ltd. 1.10Spicejet Ltd. 0.80

Construction 1.38Ackruti City Ltd. 0.96GMR Infrastructure Ltd. 0.42

Media & Entertainment 1.30Television Eighteen India Ltd. 1.30Magnasound India Ltd. ** #

United States of America 0.65Sterlite Industries (India) Ltd - Ads 0.65

Trading 0.30Uniphos Enterprises Ltd. 0.30

Cash & Cash Equivalents 0.67

Net receivables / payables -0.16


Total Percentage of thinly/non traded securities is 0.62%. # Indicates less than 0.01** Represents thinly traded/ non traded securities and illiquid securities.


Systematic Investment Plan (SIP)


Fund Details


Value Blend Growth Size

Large

Small

Investment Style

29.21

6.05

21.00

32.09

21.40

6.81

19.32

13.77

0

10

20

30

40


Tax

Saving

Solutions


Mid

20

World‘s Best Performing Equity Fund - Ranked by Lipper for 13 year Performance

Equity Funds, (3006 schemes) 13 Yrs Ended (30 Sept 2009)

Birla Sun Life Tax Relief ‘96 9

(Past performance is no guarantee of future results) For Lipper World Ranks for 1yr, 5yrs, 10yrs & 13 yrs Time Periods ended Sept '09 and Lipper Ranking Methodology and Disclaimer refer page no.50

Fund Details

As on May 31, 2010

Birla Sun Life Tax PlanAn open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years


Fund Manager :Managing Fund Since : September 12, 2007Total Experience : 22 yearsDate of inception : February 16, 1999Nature of the scheme : An Open-ended ELSS Scheme

Default option : Dividend PayoutFresh Purchase : Rs. 500/-Additional Purchase : Rs. 500/-Redemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : Not Available Plan (SWP)Systematic Transfer : Not AvailablePlan (STP)

Dividend : 43.45(Payout, Reinvestment & Sweep)Growth : 12.38

Benchmark : BSE SENSEXAverage AUM : Rs. 146.45 Crores

Entry Load : Nil

Exit Load : Nil

Standard Deviation : 34.32%##Sharpe Ratio : -0.10

Beta : 0.86

Mr. Sanjay Chawla

Key Features



Other Parameter

(As on May 31, 2010)

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 4.40% (91 day T-bill yield As on May 31, 2010).

An open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relieffor investment.

Birla Sun Life Tax Plan - Dividend BSE Sensex

% R

etur

ns

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Returns assume reinvestment of the tax free dividend declared.

SIPisapowerfultoolthatcanhelpyoucreatewealthovertime.Ifyouhadinvestedin BirlaSunLifeTaxPlan...

Date of First Installment : March 01, 1999The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation ofreturns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)


Tax PlanBirla Sun Life

Tax PlanBSE SENSEX BSE SENSEX


Since Inception 135000 394725 556500 17.91 23.43

Last 5 years 60000 82326 75982 12.62 9.39

Last 3 years 36000 42747 41461 11.50 9.41

Last 1 year 12000 12470 12559 7.39 8.81




Industrial Capital Goods 11.07Bharat Heavy Electricals Ltd. 3.63Alstom Projects India Ltd. 3.36Crompton Greaves Ltd. 1.48Siemens Ltd. 1.43Texmaco Ltd. 0.97Gujarat Apollo Industries Ltd. 0.19

Banks 10.14ICICI Bank Ltd. 2.68HDFC Bank Ltd. 2.59Axis Bank Ltd. 2.53Federal Bank Ltd. 1.18The South Indian Bank Ltd. 1.16

Software 9.78Infosys Technologies Ltd. 4.55Tata Consultancy Services Ltd. 3.82Oracle Financial Services Software Ltd. 1.41

Construction 7.12Simplex Infrastructures Ltd. 2.93IVRCL Infrastructures & Projects Ltd. 2.88GMR Infrastructure Ltd. 1.32

Petroleum Products 6.89Reliance Industries Ltd. 5.01Chennai Petroleum Corporation Ltd. 1.88

Auto 5.79Mahindra & Mahindra Ltd. 3.33Tata Motors Ltd. 2.46

Pharmaceuticals 5.51Sun Pharmaceutical Industries Ltd. 3.42Cadila Healthcare Ltd. 2.09

Industrial Products 5.29TRF Ltd. 2.07Greaves Cotton Ltd. 1.71Cummins (India) Ltd. 1.51


Power 4.27Adani Power Ltd. 2.95Tata Power Company Ltd. 1.32

Oil 3.62Oil & Natural Gas Corporation Ltd. 2.40Aban Offshore Ltd. 1.22

Media & Entertainment 3.12Television Eighteen India Ltd. 3.12

Consumer Non Durables 2.96Nestle India Ltd. 2.96


Consumer Durables 2.27Blue Star Ltd. 2.27






Retailing 2.18Pantaloon Retail (India) Ltd. 2.18

Telecom - Equipment & Accessories 1.89OnMobile Global Ltd. 1.89

Construction 1.71Jaiprakash Associates Ltd. 1.71

Non - Ferrous Metals 1.67Hindustan Zinc Ltd. 1.67

Ferrous Metals 1.41Steel Authority of India Ltd. 1.41


Auto Ancillaries 1.12Amtek Auto Ltd. 1.12Magnasound India Ltd. ** #


Net receivables / payables #



Tax

Saving

Solutions


Large

Mid

Small

Investment Style

21

16.15

0.94

16.33

23.96

15.86

5.22

20.32

15.33

0

5

10

15

20

25

30


Fund Details

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


Dividend : 69.49( )Growth : 247.12


Entry Load : Nil

Exit Load** : 1% if redeemed / switched out within 365 days from the date of allotment**Exit / Entry Load is NIL for units issued in Bonus & Dividend

Reinvestment.


Beta : 0.93

Mr. Mahesh Patil

Payout, Reinvestment & Sweep

Key Features



Other Parameter

(As on May 31, 2010)

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 4.40% (91 day T-bill yield As on May 31, 2010)


Large

Mid

Small

Investment Style


As on May 31, 2010

An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and10% debt and money market securities.


Banks 14.85State Bank of India 3.27HDFC Bank Ltd. 2.31Axis Bank Ltd. 2.26ICICI Bank Ltd. 2.03Bank of Baroda 1.86Yes Bank Ltd. 1.33The South Indian Bank Ltd. 1.07Union Bank of India 0.72

Power 9.21GVK Power & Infrastructure Ltd. 1.83KEC International Ltd. 1.82Tata Power Company Ltd. 1.74CESC Ltd. 1.65PTC India Ltd 1.10Reliance Infrastructure Ltd. 1.07

Software 8.99Infosys Technologies Ltd. 3.41Tata Consultancy Services Ltd. 2.63Polaris Software Lab Ltd. 1.86MindTree Ltd. 0.71Megasoft Ltd. 0.38

Industrial Capital Goods 8.09Thermax Ltd. 3.36Crompton Greaves Ltd. 2.47Bharat Heavy Electricals Ltd. 1.52Bharat Bijlee Ltd. 0.75

Auto 5.63Tata Motors Ltd. 3.19Maruti Suzuki India Ltd. 1.35Bajaj Auto Ltd. 1.09

Construction Project 5.31Nagarjuna Construction Company Ltd. 1.69Lanco Infratech Ltd. 1.68Gammon India Ltd. 1.05

Larsen & Toubro Ltd. 0.89

Consumer Non Durables 5.11ITC Ltd. 3.31United Breweries Holdings Ltd. 1.80

Finance 4.33Rural Electrification Corporation Ltd. 1.79India Infoline Ltd. 1.04Shriram Transport Finance Company Ltd. 0.95HDFC Ltd. 0.55

Media & Entertainment 4.32Zee Entertainment Enterprises Ltd. 1.51Jagran Prakashan Ltd. 1.44DQ Entertainment International Ltd. 1.04Balaji Telefilms Ltd. 0.32Magnasound India Ltd. ** #

Pharmaceuticals 4.19Dr.Reddy's Laboratories Ltd. 2.60Aurobindo Pharma Ltd 1.57Maestro Mediline Systems Ltd. 0.02


Retailing 3.10Pantaloon Retail (India) Ltd. 2.83Pantaloon Retail (India) Ltd. -Class B 0.27


Transportation 2.65Cox & Kings (India) Ltd. 1.35Spicejet Ltd. 1.30

Cement 2.56Century Textiles and Industries Ltd. 1.57

Grasim Industries Ltd. 0.78Samruddhi Cement Ltd.** 0.21


Construction 1.63Ackruti City Ltd. 0.99GMR Infrastructure Ltd. 0.64

Ferrous Metals 1.26Usha Martin Ltd. 0.83Tata Steel Limited 0.44

United States of America 1.23Sterlite Industries (India) Ltd - Ads 1.23

Telecom-Services 1.03Bharti Airtel Ltd. 1.03

Non - Ferrous Metals 0.95Hindalco Industries Ltd. 0.66Sterlite Industries (India) Ltd. 0.30

Industrial Products 0.82Max India Ltd. 0.82

Pesticides 0.23United Phosphorus Ltd. 0.23

Future and Options -1.71Tata Steel Ltd. Futures June 10 0.44CNX Nifty Futures June 10 -2.15


Net receivables / payables 3.43








SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Equity Fund...

Date of First Installment : October 01, 1998The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)

Since Inception 140000 467185 809826 19.26 27.70

Last 5 years 60000 84978 89244 13.91 15.90

Last 3 years 36000 44538 45576 14.35 15.96

Last 1 year 12000 12768 12955 12.16 15.18


Equity FundBirla Sun LifeEquity Fund

BSE 200 BSE 200


Birla Sun Life Equity Fund - Growth BSE 200

% R

etur

ns

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.


Birla Sun Life Equity FundWealth

Creation

Solutions

22

26.45

6.88

22.27

31.33

21.40

6.81

19.32 18.08

0

5

10

15

20

25

30

35


Fund Details


As on May 31, 2010

Birla Sun Life Advantage Fund


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : Aug 05. 2009Total Experience : 16 yearsDate of inception : February 24, 1995Nature of the scheme : An Open-ended Growth Scheme



Benchmark : BSE SENSEXAverage AUM : Rs. 394.47 Crores

Entry Load : Nil



Beta : 0.96

Mr. Ajay Argal

Key Features



Other Parameter

(As on May 31, 2010)


An open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through adiversified research based investment approach.


Birla Sun Life Advantage Fund - Growth BSE Sensex

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Advantage Fund...


Date of First Installment : March 01, 1995The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)


Advantage FundBirla Sun Life

Advantage FundBSE SENSEX BSE SENSEX


Since Inception 183000 633353 1208099 14.86 22.05

Last 5 years 60000 82326 80843 12.62 11.89

Last 3 years 36000 42747 44314 11.50 14.00

Last 1 year 12000 12470 12709 7.39 11.21




Banks 13.35HDFC Bank Ltd. 2.96ICICI Bank Ltd. 2.85Yes Bank Ltd. 2.47State Bank of India 2.21ING Vysya Bank Ltd. 1.84The South Indian Bank Ltd. 1.02

Software 11.96Infosys Technologies Ltd. 5.22Polaris Software Lab Ltd. 2.19Tata Consultancy Services Ltd. 2.14Mphasis Ltd. 1.16MindTree Ltd. 1.04Core Projects & Technologies Ltd. 0.21

Industrial Capital Goods 8.10Bharat Heavy Electricals Ltd. 3.51Thermax Ltd. 2.64Bharat Electronics Ltd. 1.95

Pharmaceuticals 7.45Dishman Pharmaceuticals & Chemicals Ltd. 2.41Biocon Ltd. 1.86Cipla Ltd. 1.61Pfizer Ltd. 1.57

Construction Project 6.80Larsen & Toubro Ltd. 2.55Voltas Ltd. 2.14Nagarjuna Construction Company Ltd. 2.11

Construction 6.14IVRCL Infrastructures & Projects Ltd. 1.91Sobha Developers Ltd. 1.75GMR Infrastructure Ltd. 1.33Unitech Ltd. 1.05Dharti Dredging and Infrastructure Ltd** 0.09


Consumer Non Durables 5.12ITC Ltd. 4.11United Spirits Ltd. 1.01

Auto Ancillaries 4.85Exide Industries Ltd. 2.21Amtek Auto Ltd. 1.94Apollo Tyres Ltd. 0.70

Auto 4.66Tata Motors Ltd. 3.76Mahindra & Mahindra Ltd. 0.90

Transportation 4.05IL&FS Transportation Networks Ltd 2.22Spicejet Ltd. 1.83



** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 0.09% # Indicates less than 0.01

Gas 2.87GAIL India Ltd. 2.87

Finance 2.69HDFC Ltd. 1.81LIC Housing Finance Ltd. 0.88Ferrous Metals 2.51Jindal Steel & Power Ltd. 1.67Welspun Corp Ltd 0.84


Power 1.81KEC International Ltd. 1.81

Media & Entertainment 0.90Jagran Prakashan Ltd. 0.90


IT Consulting & Services 0.00Karrox Technologies Ltd ** #




Wealth

Creation

Solutions

23

20.39

4.05

17.28

20.79

15.86

5.22

20.32

11.05

0

5

10

15

20

25


Fund Details

As on May 31, 2010


Birla Sun Life Midcap Fund


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : September 12,2007Total Experience : 22 YearsDate of inception : October 03, 2002Nature of the scheme : An Open-ended Growth Scheme

Default option : Plan A/Dividend ReinvestmentPlan AFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Plan BFresh Purchase : Rs. 2,00,000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Plan ADividend : 24.28( )Growth : 103.52Plan BDividend : 13.07(Payout, Reinvestment & Sweep)Growth : 13.07

Benchmark : CNX MidcapAverage AUM : Rs. 1,756.85 Crores

Entry Load : Nil



Beta : 0.94

Mr. Sanjay Chawla


Key Features



Other Parameter

(As on May 31, 2010)

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 % (91 day T-bill yield As on May 31, 2010)4.40


Birla Sun Life Midcap Fund - GrowthPlan A CNX Midcap

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Midcap Fund...


Date of First Installment : November 01, 2002The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)


Midcap FundBirla Sun LifeMidcap Fund

CNX Midcap CNX Midcap


Since Inception 91000 241302 289369 25.10 29.79

Last 5 years 60000 94327 101031 18.16 20.99

Last 3 years 36000 50229 51330 22.92 24.50

Last 1 year 12000 13938 13412 31.46 22.68




Banks 9.54Allahabad Bank 2.61Union Bank of India 2.14Yes Bank Ltd. 1.45Indian Bank 1.38ING Vysya Bank Ltd. 1.19Andhra Bank 0.76

Power 7.61PTC India Ltd 2.07Kalpataru Power Transmission Ltd. 1.65Jyoti Structures Ltd. 1.58KSK Energy Ventures Ltd. 1.17KEC International Ltd. 1.13

Pharmaceuticals 6.86Aurobindo Pharma Ltd 2.96Lupin Ltd. 1.97Divis Laboratories Ltd. 1.93

Auto Ancillaries 6.83Amtek Auto Ltd. 2.49Exide Industries Ltd. 2.40Apollo Tyres Ltd. 1.93

Software 6.45Patni Computer Systems Ltd. 2.81Polaris Software Lab Ltd. 1.92Mphasis Ltd. 1.31MindTree Ltd. 0.42

Industrial Capital Goods 6.03Crompton Greaves Ltd. 2.65AIA Engineering Ltd. 1.95Thermax Ltd. 1.43

Construction 5.68Simplex Infrastructures Ltd. 1.88Sadbhav Engineering Ltd. 1.50IVRCL Infrastructures & Projects Ltd. 1.23The Phoenix Mills Ltd. 1.07

Industrial Products 5.31Cummins (India) Ltd. 2.52Sintex Industries Ltd. 2.17Max India Ltd. 0.61

Petroleum Products 4.75Hindustan Petroleum Corporation Ltd. 2.45Castrol India Ltd. 2.30

Finance 4.50Shriram Transport Finance Company Ltd. 2.94India Infoline Ltd. 1.56

Consumer Non Durables 4.03Glaxosmithkline Consumer Healthcare Ltd. 2.14Mcleod Russel India Ltd. 1.88

Construction Project 3.95Voltas Ltd. 2.43Lanco Infratech Ltd. 1.51

Auto 3.90Ashok Leyland Ltd. 2.30Bajaj Auto Ltd. 1.60

Media & Entertainment 3.18Sun TV Network Ltd. 1.85Zee Entertainment Enterprises Ltd. 0.83Television Eighteen India Ltd. 0.50

Ferrous Metals 3.17Usha Martin Ltd. 2.31Prakash Industries Ltd 0.87

Transportation 2.46Spicejet Ltd. 1.46Gateway Distriparks Ltd. 1.00

Pesticides 2.21United Phosphorus Ltd. 2.21

Chemicals 1.53Solar Industries India Ltd. 1.53



Hotels 0.18Indian Hotels Company Ltd. 0.18

Future and Options -1.14Bank Nifty Futures June 10 -1.14





An open-ended growth scheme with the objective to achieve long-term growth of capital at controlled level of risk by primarily investing in midcap stocks.

Wealth

Creation

Solutions


CRISIL~CPR 2^^Birla Sun Life Midcap Fund (Plan A)

Small & Mid Equity Schemes ( Schemes), 2 24 Yrs ended 31-Mar-10

��#Value Research Rating

Birla Sun Life Midcap Fund (Plan A)Equity Diversified (169 Schemes), for 3 & 5 Years periods ending 31-May-10

24

CRISIL~CPR 2^^Birla Sun Life Midcap Fund (Plan A)

Consistent CPR Performer - Equity (34 Schemes) , 5 Yrs ended 31-Mar-10

40.92

12.95

24.66

35.66

44.87

11.17

20.45

32.92

0

10

20

30

40

50


Fund Details


Birla Sun Life Frontline Equity Fund

As on May 31, 2010

An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity byaiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200.


Birla Sun Life Frontline Equity Fund Plan A - Growth BSE 200

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Frontline Equity Fund...




Frontline Equity FundBirla Sun Life

Frontline Equity FundBSE 200 BSE 200


Since Inception 92000 208315 269355 20.79 27.31

Last 5 years 60000

Last 3 years 36000 44538 48146 14.35 19.86

Last 1 year 12000 12768 12999 12.16 15.90

84978 99132 13.91 20.20




Banks 15.60State Bank of India 3.82ICICI Bank Ltd. 3.28Axis Bank Ltd. 2.40HDFC Bank Ltd. 2.03Bank of Baroda 1.54ING Vysya Bank Ltd. 1.33SCB IDR 1.20

Software 8.78Infosys Technologies Ltd. 3.45Tata Consultancy Services Ltd. 3.41Wipro Ltd. 1.24Mphasis Ltd. 0.69

Petroleum Products 6.75Reliance Industries Ltd. 4.12Hindustan Petroleum Corporation Ltd. 1.70Indian Oil Corporation Ltd. 0.93

Power 6.65Tata Power Company Ltd. 1.23Reliance Infrastructure Ltd. 1.18CESC Ltd. 1.01NTPC Ltd. 0.98KSK Energy Ventures Ltd. 0.80PTC India Ltd 0.73Torrent Power Ltd. 0.72

Industrial Capital Goods 6.45Bharat Heavy Electricals Ltd. 2.79Crompton Greaves Ltd. 1.75Alstom Projects India Ltd. 1.07Bharat Electronics Ltd. 0.84

Auto 6.29Tata Motors Ltd. 3.01Bajaj Auto Ltd. 1.84Mahindra & Mahindra Ltd. 1.44

Oil 5.23Oil & Natural Gas Corporation Ltd. 3.54Cairn India Ltd. 1.25Aban Offshore Ltd. 0.44

Construction Project 4.95Larsen & Toubro Ltd. 2.00Nagarjuna Construction Company Ltd. 1.52Lanco Infratech Ltd. 1.43

Pharmaceuticals 4.60Dr.Reddys Laboratories Ltd. 2.23Cipla Ltd. 1.71Sun Pharmaceutical Industries Ltd. 0.66

Finance 3.11HDFC Ltd. 1.96LIC Housing Finance Ltd. 0.79Rural Electrification Corporation Ltd. 0.37

Non - Ferrous Metals 2.93Sterlite Industries (India) Ltd. 1.83Hindalco Industries Ltd. 1.10

Consumer Non Durables 2.36ITC Ltd. 2.36

Ferrous Metals 1.87Tata Steel Ltd. 1.75Steel Authority of India Ltd. 0.12

Industrial Products 1.82Cummins (India) Ltd. 1.82

Media & Entertainment 1.79Zee Entertainment Enterprises Ltd. 1.23D.B. Corp Ltd. 0.56


Cement 1.59Grasim Industries Ltd. 1.25Samruddhi Cement Ltd.** 0.34



Construction 1.36IVRCL Infrastructures & Projects Ltd. 0.76Housing Development & Infrastructure Ltd. 0.60

Transportation 1.11IL&FS Transportation Networks Ltd. 1.11



Diversified 0.27Hindustan Unilever Ltd. 0.27

Future and Options 0.21Tata Motors Ltd. Fut JUN 2010 0.21






CRISIL~CPR 1^^ ��V #alue Research RatingBirla Sun Life Frontline Equity Fund (Plan A)

Equity: Diversified (169 Schemes), for 3 & 5 Years periods ending 31-May-10


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since :Total Experience : 20 yearsDate of inception : August 30, 2002Nature of the scheme : An Open-ended Growth Scheme


Plan ADividend : 21.40( )Growth : 79.39(With/without Trigger Facility)Plan BDividend : 12.00(Payout, Reinvestment & Sweep)Growth : 12.00(With/without Trigger Facility)


Entry Load : Nil



Beta : 0.85

Mr. Mahesh PatilNovember 17, 2005


Key Features



Other Parameter

(As on May 31, 2010)


Wealth

Creation

Solutions

25

Birla Sun Life Frontline Equity Fund (Plan A)

Large Cap Oriented Equity Schemes (29 Schemes), 2 Yrs ended 31-Mar-10


26.38

12.55

26.2430.62

21.40

6.81

19.32

25.15

0

5

10

15

20

25

30

35


Fund Details


As on May 31, 2010

Birla Sun Life Infrastructure Fund


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : Since inceptionTotal Experience : 20 yearsDate of inception : March 17, 2006Nature of the scheme : An Open-ended Growth Scheme


Plan ADividend : 12.76( )Growth : 16.42Plan BDividend : 11.78(Payout, Reinvestment & Sweep)Growth : 12.28

Benchmark : S&P CNX NIFTYAverage AUM : Rs. 555.16 Crores

Entry Load : Nil



Beta : 1.09

Mr. Mahesh Patil


Key Features



Other Parameter

(As on May 31, 2010)

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 % (91 day T-bill yield As on May 31, 2010).4.40

An open-ended growth scheme with the objective to providing for medium to long-term capital appreciation by investing predominantly in adiversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructurein India.


Birla Sun Life Infrastructure Fund - Plan A - Growth S&P CNX Nifty

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Infrastructure Fund...




Infrastructure FundBirla Sun Life

Infrastructure FundS&P CNX NIFTY S&P CNX NIFTY


Since Inception 50000 62640 67307 10.81 14.34

Last 3 years 36000 42831 45991 11.64 16.60

Last 1 year 12000 12541 12817 8.52 12.95




Power 17.37CESC Ltd. 2.25Tata Power Company Ltd. 2.12KEC International Ltd. 1.91Torrent Power Ltd. 1.81Reliance Infrastructure Ltd. 1.77Kalpataru Power Transmission Ltd. 1.73PTC India Ltd 1.71Jyoti Structures Ltd. 1.64KSK Energy Ventures Ltd. 1.32GVK Power & Infrastructure Ltd. 1.13

Industrial Capital Goods 13.87Thermax Ltd. 2.82Bharat Heavy Electricals Ltd. 2.82Crompton Greaves Ltd. 2.32Bharat Electronics Ltd. 1.56BEML Ltd. 1.35Siemens Ltd. 1.24Alstom Projects India Ltd. 1.03Elecon Engineering Company Ltd. 0.74

Banks 11.45ICICI Bank Ltd. 2.19Axis Bank Ltd. 2.12Bank of Baroda 2.02HDFC Bank Ltd. 1.82The South Indian Bank Ltd. 1.75United Bank Of India 1.24Allahabad Bank 0.31

Construction 10.01Ackruti City Ltd. 1.54Mahindra Lifespace Developers Ltd. 1.45Sadbhav Engineering Ltd. 1.23GMR Infrastructure Ltd. 1.22IVRCL Infrastructures & Projects Ltd. 1.14

Madhucon Projects Ltd. 0.98Jaiprakash Associates Ltd. 0.87Indiabulls Real Estate Ltd. 0.86ITD Cementation India Ltd. 0.72

Construction Project 7.06Nagarjuna Construction Company Ltd. 1.97Larsen & Toubro Ltd. 1.85Lanco Infratech Ltd. 1.67Voltas Ltd. 1.55Gammon India Ltd. 0.03

Finance 5.31Rural Electrification Corporation Ltd. 1.95HDFC Ltd. 1.92IDFC Ltd. 1.37Kirloskar Industries Ltd.** 0.08



Industrial Products 3.67Sintex Industries Ltd. 1.21Bharat Forge Ltd. 0.98Kirloskar Engines India Ltd.** 0.92Cummins (India) Ltd. 0.47Bharat Forge Ltd - Warrants 0.10

Gas 2.78Gujarat Gas Company Ltd. 2.27Gujarat State Petronet Ltd 0.51

Auto 2.71Mahindra & Mahindra Ltd. 1.62Tata Motors Ltd. 1.09

Ferrous Metals 2.22Usha Martin Ltd. 1.29PSL Ltd. 0.93



Consumer Durables 1.41Bajaj Electricals Ltd. 1.41



Transportation 0.23IL&FS Transportation Networks Ltd 0.23

Future and Options 1.46Indiabulls Real Estate Limited Fut Jun 2010 1.46





Wealth

Creation

Solutions

26


CRISIL~CPR 1^^Birla Sun Life Infrastructure Fund (Plan A)

Thematic - Infrastructure Equity Schemes (12 Schemes), 2 Yrs ended 31-Mar-10


22.72

7.57

12.5114.33

5.79

10.12

0

5

10

15

20

25

1 Year 3 Years Since Inception

Fund Details


As on May 31, 2010

Birla Sun Life Basic Industries Fund


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : November 30,2007Total Experience : 11 yearsDate of inception : January 15, 2000Nature of the scheme : An Open-ended Growth Scheme


Dividend : 29.08(Payout, Reinvestment & Sweep)

@Dividend Trigger Plan : 10.46Growth : 96.91

Benchmark : BSE 200Average AUM : Rs. 136.79 Crores

Entry Load : Nil



Beta : 0.99

Mr. Ankit Sancheti

Key Features



Other Parameter

(As on May 31, 2010)

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 % (91 day T-bill yield As on May 31, 2010).@No fresh purchases/additional purchases/switch-in(s) shall be accepted in DividendTrigger Plan(DTP) with effect from May 28, 2010.Unitholders under DTP are given an option to either redeem their investments orswitch their investments to any open ended scheme of Birla Sun Life Mutual Fund, within the period starting from June 01, 2010 till the close of business hours on June30, 2010 at the applicable NAV, without payment of any exit load and those who donot exercise the any of the option shall be automatically converted under DividendPlan (Payout Facility) at the applicable NAV of June 30, 2010. For further details,please refer addendum dated May 27, 2010 available on website of Mutual Fund orany of the Investor Services Centres

4.40

A multi-sector open-ended growth scheme with the objective of long term growth capital, through a portfolio with a target allocation of 100%equity, focusing on investing in companies sensitive to economic cycles and commodity pricing cycles. The investments will be in companieswhich are often referred to as cyclical companies.


Birla Sun Life Basic Industries Fund - Growth BSE 200

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Basic Industries Fund...



Investment Period Total Investment(Rs.) Birla Sun Life Basic

Industries FundBirla Sun Life Basic

Industries FundBSE 200 BSE 200


Since Inception 123000 374107 586942 20.52 28.60

Last 5 years 60000 84978 89277 13.91 15.91

Last 3 years 36000 44538 44680 14.35 17.66

Last 1 year 12000 12768 13121 12.16 17.89




Industrial Capital Goods 16.37Crompton Greaves Ltd. 2.87Apar Industries Ltd. 2.72McNally Bharat Engineering Company Ltd 2.52Bharat Heavy Electricals Ltd. 2.42Bharat Electronics Ltd. 2.23Siemens Ltd. 1.83Titagarh Wagons Ltd 0.73Texmaco Ltd. 0.62Gujarat Apollo Industries Ltd. 0.43

Power 11.38Jyoti Structures Ltd. 2.00Torrent Power Ltd. 1.86Kalpataru Power Transmission Ltd. 1.70Tata Power Company Ltd. 1.66Reliance Infrastructure Ltd. 1.66PTC India Ltd 1.42KEC International Ltd. 1.08

Banks 8.23ICICI Bank Ltd. 2.01Federal Bank Ltd. 1.97Axis Bank Ltd. 1.77The Jammu And Kashmir Bank Ltd 1.35HDFC Bank Ltd. 1.13

Construction Project 7.47Voltas Ltd. 2.17Larsen & Toubro Ltd. 2.11Nagarjuna Construction Company Ltd. 1.62Lanco Infratech Ltd. 1.57

Auto 7.00Tata Motors Ltd. 2.74Bajaj Auto Ltd. 2.62Mahindra & Mahindra Ltd. 1.65

Petroleum Products 5.82Reliance Industries Ltd. 4.28Chennai Petroleum Corporation Ltd. 1.55

Industrial Products 5.58Carborundum Universal Ltd. 1.90TRF Ltd. 1.49Cummins (India) Ltd. 1.26ESAB India Ltd. 0.94

Finance 5.10HDFC Ltd. 2.26Shriram Transport Finance Company Ltd. 2.04India Infoline Ltd. 0.80

Construction 5.96The Phoenix Mills Ltd. 1.42IVRCL Infrastructures & Projects Ltd. 1.38Jaiprakash Associates Ltd. 1.22Simplex Infrastructures Ltd. 1.11GMR Infrastructure Ltd. 0.83

Ferrous Metals 4.05Jindal Steel & Power Ltd. 1.80Maharashtra Seamless Ltd. 1.21PSL Ltd. 1.04

Auto Ancillaries 3.40Exide Industries Ltd. 1.71Amtek Auto Ltd. 1.68

Transportation 2.74The Great Eastern Shipping Company Ltd. 1.43IL&FS Transportation Networks Ltd. 1.31


Gas 2.42GAIL India Ltd. 1.56Gujarat State Petronet Ltd 0.85



Minerals/Mining 0.63Gujarat NRE Coke Ltd 0.60Gujarat NRE Coke Ltd Class B Shares 0.03





Wealth

Creation

Solutions

27

CRISIL~CPR 1^^Birla Sun Life Basic Industries Fund (Plan A)

Thematic - Infrastructure Equity Schemes (12 Schemes), 2 Yrs ended 31-Mar-10


27.70

9.93

20.92

24.4621.40

6.81

19.32

12.42

0

5

10

15

20

25

30


Fund Details


Birla Sun Life India GenNext FundAs on May 31, 2010


Large

Mid

Small

Investment Style


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




Entry Load : Nil



Beta : 0.75

Mr. Sanjay Chawla

Key Features



Other Parameter

(As on May 31, 2010)


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


Birla Sun Life India GenNext Fund - Growth S&P CNX Nifty

% R

etur

ns


SIPisapowerful tool thatcanhelpyoucreatewealthover time. Ifyouhadinvested in BirlaSunLife IndiaGenNextFund...


Date of First Installment : September 01, 2005The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)

Investment Period Total Investment(Rs.) Birla Sun Life India

GenNext FundBirla Sun Life India

GenNext FundS&P CNX NIFTY S&P CNX NIFTY


Since Inception 57000 75809 78801 11.99 13.64

Last 3 years 36000 42831 45218 11.64 15.41

Last 1 year 12000 12541 13496 8.52 24.07




Consumer Non Durables 20.49ITC Ltd. 4.52Bata India Ltd. 4.15Dabur India Ltd. 4.14Asian Paints Ltd. 3.86Marico Ltd. 2.28Nestle India Ltd. 1.53

Media & Entertainment 11.62Zee Entertainment Enterprises Ltd. 4.22Television Eighteen India Ltd. 3.76Sun TV Network Ltd. 3.64

Banks 11.27Kotak Mahindra Bank Ltd. 2.42ICICI Bank Ltd. 2.31Yes Bank Ltd. 2.30ING Vysya Bank Ltd. 2.27Axis Bank Ltd. 1.97

Transportation 8.17Jet Airways India Ltd. 4.35

Cox & Kings (India) Ltd. 3.81

Textile Products 8.10S. Kumars Nationwide Ltd. 4.59Raymond Ltd. 3.51

Auto 6.93Bajaj Auto Ltd. 4.11Tata Motors Ltd. 2.81

Pharmaceuticals 5.06Dr.Reddy's Laboratories Ltd. 2.99Cadila Healthcare Ltd. 2.07

Petroleum Products 4.84Castrol India Ltd. 4.84


Retailing 4.49Pantaloon Retail (India) Ltd. 4.23

Trent Ltd. 0.26

Construction 4.05Sobha Developers Ltd. 4.05


Finance 2.57India Infoline Ltd. 2.57

Telecom - Equipment & Accessories 1.67OnMobile Global Limited 1.67





Wealth

Creation

Solutions

31.84

6.34

16.5814.33

5.79

17.29

0

5

10

15

20

25

30

35


28

Fund Details

As on May 31, 2010


Birla Sun Life New Millennium Fund


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : September 12, 2007Total Experience : 10 yearsDate of inception : January 15, 2000Nature of the scheme : An Open-ended Growth Scheme



Benchmark : BSE TeckAverage AUM : Rs. 62.76 Crores

Entry Load : Nil



Beta : 0.99

Mr. Atul Penkar

Key Features



Other Parameter

(As on May 31, 2010)

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.


% R

etur

ns

Birla Sun Life New Millennium Fund - Growth BSE TeckPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life New Millennium Fund...



Investment Period Total Investment(Rs.) Birla Sun Life New

Millennium FundBirla Sun Life NewMillennium Fund

BSE Teck BSE Teck


Since Inception 123000 246722 293253 13.00 16.14

Last 5 years 60000 68295 72880 5.13 7.72

Last 3 years 36000 39320 42360 5.83 10.88

Last 1 year 12000 12392 13043 6.15 16.62




Software 79.52

Infosys Technologies Ltd. 32.66

Tata Consultancy Services Ltd. 10.07

Sasken Communication Technologies Ltd. 5.78

Wipro Ltd. 5.41

Infotech Enterprises Ltd. 3.64

Polaris Software Lab Ltd. 3.60

Mphasis Ltd. 3.56

Oracle Financial Services Software Ltd. 3.54

Patni Computer Systems Ltd. 2.95

Core Projects & Technologies Ltd. 2.61

Persistent Systems Ltd 2.61

Subex Ltd. 1.74

Megasoft Ltd. 1.34

Hardware 6.68

Allied Digital Services Ltd. 6.68

Media & Entertainment 6.43

D.B. Corp Ltd. 3.04

Zee Entertainment Enterprises Ltd. 1.87

DQ Entertainment International Ltd. 1.52


Magnasound India Ltd. ** #

Telecom-Services 1.71

Bharti Airtel Ltd. 1.71





Wealth

Creation

Solutions

** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 0.00%# Indicates less than 0.01

29

36.63

-5.32

13.54

6.11

24.36

-5.43

11.99

-10

0

10

20

30

40

1 Year

3 Years

5 Years Since Inception

Fund Details

As on May 31, 2010


Birla Sun Life Top 100 Fund


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : October 01, 2007Total Experience : 16 yearsDate of inception : October 24, 2005Nature of the scheme : An Open-ended Growth Scheme




Entry Load : Nil



Beta : 0.82

Mr. Ajay Argal

Key Features



Other Parameter

(As on May 31, 2010)

An open-ended growth scheme with the objective to provide medium to longterm capital appreciation, by investing predominantly in adiversified portfolio of equity and equity related securities of top 100 companies as measured by market capitalization.


Birla Sun Life Top 100 Fund - Growth S&P CNX Nifty

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Top 100 Fund...


Date of First Installment : November 01, 2005The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation ofreturns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)

Investment Period Total Investment(Rs.) Birla Sun Life Top

100 FundBirla Sun Life Top

100 FundS&P CNX NIFTY S&P CNX NIFTY


Since Inception 55000 71761 72365 11.59 11.96

Last 3 years 36000 42831 44130 11.64 13.71

Last 1 year 12000 12541 12767 8.52 12.14




Banks 13.33HDFC Bank Ltd. 3.58ICICI Bank Ltd. 2.86Axis Bank Ltd. 2.47Oriental Bank of Commerce 2.22State Bank of India 2.21

Software 12.12Infosys Technologies Ltd. 5.78Polaris Software Lab Ltd. 2.45Wipro Ltd. 1.97Tata Consultancy Services Ltd. 1.91

Industrial Capital Goods 7.90Bharat Heavy Electricals Ltd. 3.57Crompton Greaves Ltd. 2.61Bharat Electronics Ltd. 1.72

Pharmaceuticals 7.03Cipla Ltd. 2.09Dr.Reddy's Laboratories Ltd. 2.09Sun Pharmaceutical Industries Ltd. 1.53Ranbaxy Laboratories Ltd. 1.31



HDFC Ltd. 2.23


Gujarat State Petronet Ltd. 1.94

Construction 4.81IVRCL Infrastructures & Projects Ltd. 1.97

Housing Development & Infrastructure Ltd. 1.67

GMR Infrastructure Ltd. 1.17


Nagarjuna Construction Company Ltd. 2.36

Auto 4.50Tata Motors Ltd. 3.81

Mahindra & Mahindra Ltd. 0.69



The Great Eastern Shipping Company Ltd. 1.03

Power 3.16PTC India Ltd. 2.08

Kalpataru Power Transmission Ltd. 1.08

Oil 2.97

Oil & Natural Gas Corporation Ltd. 2.97

Telecom-Services 2.14

Bharti Airtel Ltd. 2.14

Fertilisers 1.67

Chambal Fertilisers and Chemicals Ltd. 1.67


Sun TV Network Ltd. 1.62

Non - Ferrous Metals 0.45

Sterlite Industries (India) Ltd. 0.45

Cement 0.34

UltraTech Cement Ltd. 0.34






Wealth

Creation

Solutions

CRISIL~CPR 2^^


30

Large Cap Oriented Equity Schemes (29 Schemes), 2 Yrs ended 31-Mar-10


22.71

6.32

16.3514.33

5.79

18.12

0

5

10

15

20

25


Fund Details

As on May 31, 2010

Birla Sun Life Buy India Fund


Large

Mid

Small

Investment Style


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


Dividend : 23.06

(Payout, Reinvestment & Sweep)Growth : 37.98


Entry Load : Nil



Beta : 0.81

Mr. Ajay Garg

Key Features



Other Parameter

(As on May 31, 2010)


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 thescheme will be in the consumer and healthcare sectors.



Birla Sun Life Buy India Fund - Growth BSE 200

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Buy India Fund...


Date of First Installment : March 01, 2000The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation ofreturns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)


Buy India FundBirla Sun Life

Buy India FundBSE 200 BSE 200


Since Inception 123000 374107 477826 20.52 24.91

Last 5 years 60000 84978 90654 13.91 16.54

Last 3 years 36000 44538 50254 14.35 22.95

Last 1 year 12000 12768 13835 12.16 29.74




Banks 16.69State Bank of India 4.30ICICI Bank Ltd. 3.74ING Vysya Bank Ltd. 3.57Axis Bank Ltd. 2.87Kotak Mahindra Bank Ltd. 2.22

Consumer Non Durables 16.34Tata Tea Ltd. 3.73United Spirits Ltd. 2.95E.I.D. Parry (India) Ltd. 2.64Radico Khaitan Ltd. 2.53ITC Ltd. 2.44United Breweries Holdings Ltd. 2.05

Pharmaceuticals 16.15Glaxosmithkline Pharmaceuticals Ltd. 7.12Aventis Pharma Ltd. 4.12Wyeth Ltd. 2.48Fulford (India) Ltd. 2.43


India Infoline Ltd. 2.16

Transportation 6.18Jet Airways India Ltd. 2.64Spicejet Ltd. 2.06Cox & Kings (India) Ltd. 1.48

Auto 6.14Mahindra & Mahindra Ltd. 3.16Maruti Suzuki India Ltd. 2.98


Hotels 5.60Taj GVK Hotels & Resorts Ltd. 1.91Indian Hotels Company Ltd. 1.80Asian Hotels North Ltd. 0.74Vardhaman Hotels Ltd.** 0.57Chillwinds Hotels Ltd.** 0.57


Media & Entertainment 5.04Television Eighteen India Ltd. 2.52PVR Ltd. 1.84UTV Software Communications Ltd. 0.68Magnasound India Ltd. ** #

Retailing 4.40Trent Ltd. 4.40

Auto Ancillaries 2.97Sundaram-Clayton Ltd. 2.97

Construction 1.62Ackruti City Ltd. 1.62






Wealth

Creation

Solutions

39.43

8.56

18.7913.72

21.40

6.81

19.32

12.42

0

10

20

30

40

50


31

CRISIL~CPR 2^^


Diversified Equity Schemes (68 Schemes), 2 Yrs ended 31-Mar-10


Fund Details

As on May 31, 2010


Birla Sun Life MNC Fund


Large

Mid

Small

Investment Style


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

Default option : Dividend ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working daysissuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)


Benchmark : S & P CNX MNCAverage AUM : Rs. 204.75 Crores

Entry Load : Nil



Beta : 0.83

Mr. Ajay Garg

Key Features



Other Parameter

(As on May 31, 2010)


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.


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life MNC Fund...


Date of First Installment : January 01, 2000The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation ofreturns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)


MNC FundBirla Sun Life

MNC FundS & P CNX MNC S & P CNX MNC


Since Inception 125000 296806 448347 15.79 23.07

Last 5 years 60000 85848 98360 14.32 19.88

Last 3 years 36000 46988 55066 18.12 29.70

Last 1 year 12000 12839 14764 13.31 45.64




Pharmaceuticals 17.94

Pfizer Ltd. 6.19

Glaxosmithkline Pharmaceuticals Ltd. 4.63

Fulford (India) Ltd. 3.99

Wyeth Ltd. 2.59

Aventis Pharma Ltd. 0.54

Consumer Non Durables 17.17

Glaxosmithkline Consumer Healthcare Ltd. 4.89

Kansai Nerolac Paints Ltd. 3.99

Colgate-Palmolive (India) Ltd. 3.33

ITC Ltd. 2.49

Procter&Gamble Hygiene&Health Care Ltd. 2.47

Visakha Aqua Farms Ltd** #

Industrial Capital Goods 13.49

Honeywell Automation India Ltd. 4.22

Alstom Projects India Ltd. 2.86

Areva T&D India Ltd. 2.44

Siemens Ltd. 2.08

ABB Ltd. 1.89

Banks 10.41

ING Vysya Bank Ltd. 5.35

Yes Bank Ltd. 5.06

Finance 10.07

CRISIL Ltd. 5.88

ICRA Ltd. 4.18

Auto Ancillaries 7.34

Bosch Ltd. 3.44

Wabco TVS India Ltd 2.85

Federal-Mogul Goetze (India) Ltd. 1.04

Gas 6.25

Gujarat Gas Company Ltd. 6.25

Industrial Products 6.20

Cummins (India) Ltd. 5.18

FAG Bearings India Ltd. 1.02

Software 3.72

Oracle Financial Services Software Ltd. 1.96

Mphasis Ltd. 1.76

Auto 3.26

Maruti Suzuki India Ltd. 3.26

Oil 2.27

Cairn India Ltd. 2.27

Construction 1.12

ITD Cementation India Ltd. 1.12

Textiles - Cotton 0.00

Sri Venkatesha Mills Ltd** #

Textiles - Synthetic 0.00

Maruti Cottex Ltd** #

Sree Jayalakshmi Autospin Ltd.** #

Paper 0.00

Jainpur Straw Board & Papers Ltd. ** #






** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 0.00%.# Indicates less than 0.01

Wealth

Creation

Solutions

Birla Sun Life MNC Fund - Growth S&P CNX MNC

% R

etur

ns


��V #alue Research RatingBirla Sun Life MNC Fund

Equity: Diversified (169 Schemes), for 3 & 5 Years periods ending 31-May-10

CRISIL~CPR 2^^

Small and Mid Equity Schemes (24 Schemes), 2 Yrs ended 31-Mar-10


32

61.31

12.2820.10 16.26

101.80

7.9019.26

10.09

0

20

40

60

80

100

120


Fund Details

As on May 31, 2010


Birla Sun Life Index Fund


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : October 01, 2007Total Experience : 15 yearsDate of inception : September 18, 2002Nature of the scheme : An Open-ended Index Linked

Growth Scheme

Default option : Dividend ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 Working daysissuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : Not Available Plan (SWP)Systematic Transfer : Not AvailablePlan (STP)



Entry Load : Nil

Exit Load** : 0.50% if redeemed / switched out within 7 days from the date of allotment


Beta : 0.98

Mr. Ajay Garg

Key Features



Other Parameter

(As on May 31, 2010)



An open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject totracking errors.


% R

etur

ns

Birla Sun Life Index Fund - Growth S&P CNX NiftyPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Index Fund...




Index FundBirla Sun Life

Index FundS&P CNX NIFTY S&P CNX NIFTY


Since Inception 92000 197855 191759 19.48 18.69

Last 5 years 60000 82739 80995 12.82 11.96

Last 3 years 36000 42831 42366 11.64 10.89

Last 1 year 12000 12541 12481 8.52 7.57




Banks 14.21ICICI Bank Ltd. 4.97HDFC Bank Ltd. 3.37State Bank of India 3.00Axis Bank Ltd. 1.56Punjab National Bank 0.69Kotak Mahindra Bank Ltd. 0.62

Software 9.93Infosys Technologies Ltd. 6.57Tata Consultancy Services Ltd. 1.92Wipro Ltd. 1.03HCL Technologies Ltd. 0.42

Petroleum Products 9.47Reliance Industries Ltd. 9.08Bharat Petroleum Corporation Ltd. 0.39


Finance 4.76HDFC Ltd. 3.62IDFC Ltd. 0.76Reliance Capital Ltd. 0.38

Auto 4.02Mahindra & Mahindra Ltd. 1.23Tata Motors Ltd. 1.05Hero Honda Motors Ltd. 0.89Maruti Suzuki India Ltd. 0.84


Ferrous Metals 3.49Tata Steel Ltd. 1.57Jindal Steel & Power Ltd. 1.30Steel Authority of India Ltd. 0.62

Power 3.35Tata Power Company Ltd. 1.08NTPC Ltd. 0.90Reliance Infrastructure Ltd. 0.77Power Grid Corporation of India Ltd. 0.30Reliance Power Ltd. 0.29

Industrial Capital Goods 3.11Bharat Heavy Electricals Ltd. 1.91Siemens Ltd. 0.54ABB Ltd. 0.45Suzlon Energy Ltd. 0.21

Oil 2.69Oil & Natural Gas Corporation Ltd. 2.02Cairn India Ltd. 0.66

Telecom - Services 2.58Bharti Airtel Ltd. 1.65Reliance Communications Ltd. 0.50Idea Cellular Ltd. 0.44

Non - Ferrous Metals 2.38Sterlite Industries India Ltd. 1.37

Hindalco Industries Ltd. 1.00

Pharmaceuticals 1.81Cipla Ltd. 0.83Sun Pharmaceutical Industries Ltd. 0.64Ranbaxy Laboratories Ltd. 0.33

Cement 1.61Jaiprakash Associates Ltd. 0.73Ambuja Cements Ltd. 0.46ACC Ltd. 0.42

Diversified 1.28Hindustan Unilever Ltd. 1.28

Gas 1.05GAIL (India) Ltd. 1.05

Construction 1.02DLF Ltd. 0.52Unitech Ltd. 0.50

Future and Options 27.68CNX Nifty Future June 10 27.68





Wealth

Creation

Solutions

13.66

5.63

18.62

23.39

14.33

5.79

19.48

24.23

0

5

10

15

20

25

30


33

Fund Details

As on May 31, 2010


Birla Sun Life India Opportunities Fund


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : September 12, 2007Total Experience : 10 yearsDate of inception : December 27, 1999Nature of the scheme : An Open-ended Growth Scheme



Benchmark : S & P CNX 500Average AUM : Rs. 53.45 Crores

Entry Load : Nil



Beta : 0.85

Mr. Atul Penkar

Key Features



Other Parameter

(As on May 31, 2010)


An open-ended growth scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that doone or more of the following: Leverage India's intellectual capital for providing services, research and creative inputs; Seek to use current andimpending changes in patent laws / import tariffs / quotas to supply goods and services; Leverage India's lower labour costs for providing services and manufactured goods; Leverage India's large population of English speaking people for providing services.


Birla Sun Life India Opportunities Fund - Growth S&P CNX 500

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life India Opportunities Fund...


Date of First Installment : January 01, 2000The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation ofreturns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)

Investment Period Total Investment(Rs.) Birla Sun Life India

Opportunities FundBirla Sun Life India Opportunities Fund

S & P CNX 500 S & P CNX 500


Since Inception 125000 371663 307541 19.76 16.42

Last 5 years 60000 83066 75653 12.98 9.22

Last 3 years 36000 44180 45950 13.79 16.54

Last 1 year 12000 12671 13500 10.61 24.13




Software 43.50


Wipro Ltd. 7.42


Infotech Enterprises Ltd. 4.66

Polaris Software Lab Ltd. 3.35


Sasken Communication Technologies Ltd. 2.67

Persistent Systems Ltd 2.58

Mphasis Ltd. 2.49


Collabera Solutions Pvt. Ltd. ** #


Honeywell Automation India Ltd. 4.92

Crompton Greaves Ltd. 4.12

AIA Engineering Ltd. 2.64


Dr.Reddy's Laboratories Ltd. 2.66

Aurobindo Pharma Ltd 1.93



Apollo Tyres Ltd. 3.31

Amtek Auto Ltd. 2.67

Industrial Products 5.85

Cummins (India) Ltd. 3.73

Sintex Industries Ltd. 2.12

Sree Rama Polymers Ltd** #

Hardware 4.95



Hindustan Zinc Ltd 2.14


Finance 3.19

CRISIL Ltd. 3.19

Construction Project 2.93

Voltas Ltd. 2.93

Power 2.73

KEC International Ltd. 2.73

Ferrous Metals 1.26

Welspun Corp Ltd 1.26

Telecom - Equipment & Accessories 1.12

OnMobile Global Limited 1.12


DQ Entertainment International Ltd. 1.00

Magnasound India Ltd. ** #

Paper 0.00

Jainpur Straw Board & Papers Ltd. ** #


Oriqua Ltd ** #





** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is Nil.# Indicates less than 0.01

Wealth

Creation

Solutions

44.64

-1.50

11.747.52

18.06

5.85

18.1512.79

-10

0

10

20

30

40

50


34

Fund Details

As on May 31, 2010


Birla Sun Life Dividend Yield Plus


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : November 30, 2007Total Experience : 11 yearsDate of inception : February 26, 2003Nature of the scheme : An Open-ended Growth Scheme



Benchmark : S & P CNX 500Average AUM : Rs. 384.83 Crores

Entry Load : Nil



Beta : 0.77

Mr. Ankit Sancheti

Key Features



Other Parameter

(As on May 31, 2010)


An open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio ofdividend paying companies that have a relatively high dividend yield.


Birla Sun Life Dividend Yield Plus - Growth S & P CNX 500

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Dividend Yield Plus...




Dividend Yield PlusBirla Sun Life

Dividend Yield PlusS & P CNX 500 S & P CNX 500


Since Inception 87000 176260 216733 19.09 24.68

Last 5 years 60000 83066 103779 12.98 22.10

Last 3 years 36000 44180 55605 13.79 30.44

Last 1 year 12000 12671 14231 10.61 36.44




Banks 18.03Andhra Bank 3.40Standard Chartered Bank PLC - IDR** 2.52The South Indian Bank Ltd. 2.51Oriental Bank of Commerce 2.46Corporation Bank 2.34Indian Bank 1.33Allahabad Bank 1.25The Jammu And Kashmir Bank Ltd. 1.07ICICI Bank Ltd. 0.87Canara Bank 0.27

Consumer Non Durables 13.09Glaxosmithkline Consumer Healthcare Ltd. 3.55Kansai Nerolac Paints Ltd. 2.63E.I.D. Parry (India) Ltd. 2.33Procter & Gamble Hygiene & Health Care Ltd. 1.40ICI India Ltd. 1.23Berger Paints India Ltd. 1.03United Spirits Ltd. 0.92

Pharmaceuticals 8.88Wyeth Ltd. 3.82Glaxosmithkline Pharmaceuticals Ltd. 3.67Pfizer Ltd. 1.39

Petroleum Products 5.53Castrol India Ltd. 2.36Hindustan Petroleum Corporation Ltd. 1.82Indian Oil Corporation Ltd. 1.35

Fertilisers 5.34Coromandel International Ltd. 2.47Chambal Fertilisers and Chemicals Ltd. 1.61Tata Chemicals Ltd. 1.26

Power 4.58KEC International Ltd. 2.60Gujarat Industries Power Company Ltd. 1.98

Industrial Products 4.03Cummins (India) Ltd. 3.20Cosmo Films Ltd. 0.83

Finance 3.94Rural Electrification Corporation Ltd. 2.82India Infoline Ltd. 1.09Kirloskar Brothers Investment Ltd.** 0.03


Industrial Capital Goods 3.72Apar Industries Ltd. 2.14Thermax Ltd. 0.83Elecon Engineering Company Ltd. 0.75

Gas 3.59Indraprastha Gas Ltd. 1.94GAIL India Ltd. 1.66

Auto 3.12Bajaj Auto Ltd. 2.21Ashok Leyland Ltd. 0.91

Auto Ancillaries 2.84Phillips Carbon Black Ltd. 1.86Goodyear India Ltd. 0.97

Ferrous Metals 2.65Tata Sponge Iron Ltd. 1.47

PSL Ltd. 1.18

Paper 2.65Tamil Nadu Newsprint & Papers Ltd. 1.85Ballarpur Industries Ltd. 0.80


Software 2.273i Infotech Ltd. 1.02HCL Technologies Ltd. 0.95Sasken Communication Technologies Ltd. 0.29

Transportation 2.25Shipping Corporation of India Ltd. 1.38Gateway Distriparks Ltd. 0.59The Great Eastern Shipping Co. Ltd. 0.27

Media & Entertainment 1.10Jagran Prakashan Ltd. 1.10

Cement 0.94Orient Paper & Industries Ltd. 0.94

Construction 0.73Indiabulls Real Estate Ltd. 0.73






CRISIL~CPR 1^^Birla Sun Life Dividend Yield Plus

Diversified Equity Schemes - Equity ( Schemes), 2 68 Yrs ended 31-Mar-10


Birla Sun Life Dividend Yield PlusEquity Diversified (169 Schemes), for 3 & 5 Years periods ending 31-May-10

Wealth

Creation

Solutions

35


45.39

17.8620.60

32.11

18.06

5.85

18.15

26.62

0

10

20

30

40

50


As on May 31, 2010

Birla Sun Life '95 Fund


Managing Fund Since : June 18, 2009Total Experience : 12 years & 10 yearsDate of inception : February 10, 1995Natureof thescheme : AnOpen-ended Balanced Scheme



Benchmark : CRISIL Balanced Fund IndexAverage AUM : Rs. 289.89 Crores

Entry Load : Nil


Average Maturity : –Standard Deviation : 27.65%

##Sharpe Ratio : 0.26


Key Features



Other Parameter

(As on May 31, 2010)


An open-ended balanced scheme with the objective of long term growth of capital and current income, through a portfolio of equity and fixedincome securities

Equity alloction 68.48

Banks 9.28ICICI Bank Ltd. 2.33HDFC Bank Ltd. 2.31Axis Bank Ltd. 2.26Allahabad Bank 1.40Canara Bank 0.69United Bank Of India 0.29

Software 6.32Infosys Technologies Ltd. 2.25Wipro Ltd. 1.48HCL Technologies Ltd. 1.43Core Projects & Technologies Ltd. 0.59Everonn Education Ltd. 0.57

Consumer Non Durables 6.25ITC Ltd. 1.20Nestle India Ltd. 1.17Asian Paints Ltd. 1.13Dabur India Ltd. 1.01Marico Ltd. 0.73Kansai Nerolac Paints Ltd. 0.51United Breweries Holdings Ltd. 0.50

Pharmaceuticals 5.01Aurobindo Pharma Ltd. 1.45Lupin Ltd. 1.26Divis Laboratories Ltd. 0.81Aventis Pharma Ltd. 0.75Dr.Reddys Laboratories Ltd. 0.38Sun Pharmaceutical Industries Ltd. 0.37

Industrial Capital Goods 4.52Thermax Ltd. 1.55Crompton Greaves Ltd. 1.47AIA Engineering Ltd. 0.75Honeywell Automation India Ltd. 0.75

Power 4.28Torrent Power Ltd. 1.37KSK Energy Ventures Ltd. 1.08Kalpataru Power Transmission Ltd. 0.87KEC International Ltd. 0.49Jyoti Structures Ltd. 0.47


Petroleum Products 3.47Reliance Industries Ltd. 1.99Hindustan Petroleum Corporation Ltd. 1.48

Construction Project 3.32Voltas Ltd. 1.53Lanco Infratech Ltd. 1.13Larsen & Toubro Ltd. 0.66

Finance 2.75Shriram Transport Finance Company Ltd. 1.61Housing Development Finance Corporation Ltd. 1.14

Retailing 2.74Trent Ltd. 2.74

Gas 2.51Gujarat Gas Company Ltd. 0.99Indraprastha Gas Ltd. 0.77Gujarat State Petronet Ltd. 0.75

Transportation 1.81IL&FS Transportation Networks Ltd. 1.03Cox & Kings (India) Ltd. 0.78

Non - Ferrous Metals 1.72Hindustan Zinc Ltd. 1.16Sterlite Industries (India) Ltd. 0.56


Media & Entertainment 1.18DQ Entertainment (International) Ltd. 0.44ETC Networks Ltd. 0.43Zee Entertainment Enterprises Ltd. 0.30Magnasound India Ltd. ** #



Auto 0.64Tata Motors Ltd. 0.64

Construction 1.16Patel Engineering Ltd. 0.64Jaiprakash Associates Ltd. 0.53

Ferrous Metals 0.53Steel Authority of India Ltd. 0.53

Diversified 0.26Bombay Burmah Trading Corporation Ltd. 0.26

Future and Options 3.60CNX NIFTY FUT JUN 10 3.60

Money Market Instruments 6.49Bank of Baroda 6.49 A1+

PSU/PFI Bonds/Banks 5.95National Bank for Agricultural & Rural Development.** 3.37 AAAIDBI Bank Ltd.** 2.58 AA+






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 % (91 day T-bill yield As on May 31, 2010)4.40

Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than1year&CAGRforperiod1year ormore. When benchmark returnsare not available, they have not been shown.

% R

etur

ns

Birla Sun Life 95 Fund - Growth Crisil Balanced Fund Index


#��Value Research Rating

Hybrid Equity-Oriented (30 Schemes),for 3 & 5 years periods ending 31-May-10Birla Sun Life ‘95 FundBirla Sun Life ‘95 Fund

CRISIL~CPR 2^^

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life '95 Fund...


Since Inception 182000 455857 1617049 11.23 25.49

Last 5 years 60000 80049 94419 11.49 18.20

Last 3 years 36000 42373 48385 10.90 20.22

Last 1 year 12000 12507 13159 7.97 18.51

Consistent CPR Performer- Balanced (14 Schemes), 5 years ended 31-Mar-10

Birla Sun Life ‘95 FundCRISIL~CPR 2^^

Wealth

Creation

Solutions


Large

Mid

Small

Investment Style

Fund Details





InvestmentPeriod

TotalInvestment

(Rs.) CRISIL Balanced Fund Index


CRISIL Balanced Fund Index





36

Balanced Schemes (19 Schemes), 2 years ended 31-Mar-10

1.74%

2.58%

9.86%

17.33%

68.48%

Cash & Current

Assets

AA

Sovereign

AAA

Other

26.09

11.71

21.01

24.26

11.19

7.78

15.08

0

5

10

15

20

25

30


Birla Sun Life Freedom FundAs on May 31, 2010



Large

Mid

Small

Investment Style

Fund Manager :Mr. Vineet Maloo

Managing Fund Since : April 20, 2009Total Experience : 10 years & 5 yearsDate of inception : October 12, 1999Natureof thescheme : AnOpen-ended Balanced Scheme



Benchmark : CRISIL Balanced Fund IndexAverage AUM : Rs. 141.56 Crores

Entry Load : Nil

Exit Load** : 1% if redeemed / switched out within 365 days from the date of allotment

Average Maturity : –Standard Deviation : 19.41%

##Sharpe Ratio :

Mr. Maneesh Dangi &

Key Features



OtherParameter

(As on May 31, 2010)


-0.11

Note:Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 yearhistory of monthly returns, source: MFI Explorer.##Risk-free rate assumed to be % (91 day T-bill yield As on May 31, 2010)4.40

An open-ended balanced scheme with an objective to balance income requirements with growth of capital through a balance mix of investmentsin equity and debt at relatively moderate levels of risks through a diversified research based investment approach.


% R

etur

ns

Birla Sun Life Freedom Fund - Growth Crisil Balanced Fund Index

Banks 10.42HDFC Bank Ltd. 2.83ICICI Bank Ltd. 2.52Axis Bank Ltd. 2.12Dena Bank 1.26United Bank Of India 1.14Andhra Bank 0.54

Software 6.25Infosys Technologies Ltd. 2.69Tata Consultancy Services Ltd. 2.32Wipro Ltd. 0.88HCL Technologies Ltd. 0.36Collabera Solutions Pvt. Ltd. ** #

Construction Project 5.64Larsen & Toubro Ltd. 3.32Nagarjuna Construction Company Ltd. 2.32

Petroleum Products 5.10Reliance Industries Ltd. 3.84Hindustan Petroleum Corporation Ltd. 1.26

Oil 4.30Oil & Natural Gas Corporation Ltd. 2.04Cairn India Ltd. 1.63Oil India Ltd 0.63

Finance 3.59HDFCLtd. 2.21Shriram Transport Finance Company Ltd. 0.83Reliance Capital Ltd. 0.33IDFC Ltd. 0.23

Gas 3.58Indraprastha Gas Ltd. 1.38GAIL India Ltd. 1.23Gujarat State Petronet Ltd 0.97

Power 3.54Tata Power Company Ltd. 2.26Reliance Infrastructure Ltd. 0.65Kalpataru Power Transmission Ltd. 0.63

Cement 3.49Grasim Industries Ltd. 1.05Mangalam Cement Ltd. 1.02Century Textiles and Industries Ltd. 0.71Orient Paper & Industries Ltd. 0.42Samruddhi Cement Ltd.** 0.29

Auto 3.45Maruti Suzuki India Ltd. 1.48Hero Honda Motors Ltd. 0.90Tata Motors Ltd. 0.81Mahindra & Mahindra Ltd. 0.26

Industrial Capital Goods 3.29Bharat Heavy Electricals Ltd. 1.77Siemens Ltd. 0.98Gujarat Apollo Industries Ltd. 0.53

Consumer Non Durables 3.25ITC Ltd. 2.69ICI India Ltd. 0.56

Ferrous Metals 3.04Maharashtra Seamless Ltd. 1.06Jindal Steel & Power Ltd. 0.98JSW Steel Ltd. 0.64Tata Steel Limited 0.35

Consumer Durables 2.90Whirlpool of India Ltd. 1.49Bajaj Electricals Ltd. 1.41

Government Bond 2.1507.61% Oil Companies GOI Bonds 2015 2.15 Sovereign

Telecom-Services 2.08Bharti Airtel Ltd. 1.18Idea Cellular Ltd. 0.90

Non - Ferrous Metals 1.98Sterlite Industries (India) Ltd. 1.11Hindalco Industries Ltd. 0.87

Pharmaceuticals 1.59Sun Pharmaceutical Industries Ltd. 0.84Cipla Ltd. 0.76

Auto Ancillaries 1.04MRF Ltd. 1.04

Industrial Products 0.65Everest Kanto Cylinder Ltd. 0.65

Construction 0.52IVRCL Infrastructures & Projects Ltd. 0.52

Corporate Debt 0.34HDFC Bank Ltd. ** 0.34 AAA

Media & Entertainment 0.15DQ Entertainment International Ltd. 0.15

Mining 0.05Gujarat NRE Coke Ltd - Class B Shares 0.05

IT Consulting & Services 0.00Globsyn Technologies Ltd ** #

Future and Options -7.04Tata Steel Ltd CA June 10 0.01Hindalco CA June 10 0.01Sesa Goa Ltd Futures Jun 10 0.51CNX Nifty Futures JUN 10 -7.57



SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Freedom Fund...

Date of First Installment : November 1, 1999The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)

Since Inception 127000 277864 265674 14.09 13.31

Last 5 years 60000 80049 70161 11.49 6.20

Last 3 years 36000 42373 37728 10.90 3.08

Last 1 year 12000 12507 11891 7.97 -1.69

Wealth

Creation

Solutions

Fund Details

InvestmentPeriod

TotalInvestment

(Rs.) Birla Sun LifeFreedom Fund

Birla Sun LifeFreedom Fund










** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 0.63%.# Indicates less than 0.01

37

0.34%

2.15%

34.66%

62.85%

AAA

Sovereign

Cash & Current

Assets

Other

0.32

2.18

11.89 11.4211.19

7.78

15.08

0

2

4

6

8

10

12

14

16


As on May 31, 2010

Birla Sun Life Asset Allocation Fund


Credit Quality


High

Mid

Low

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

Scheme

Default option : Dividend ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 working days issued

Aggressive PlanDividend : 31.8652(Payout & Reinvestment)Growth : 31.8652Conservative PlanDividend : 19.7665(Payout & Reinvestment)Growth : 19.7665Moderate PlanDividend : 26.5240(Payout & Reinvestment)Growth : 26.5240

BenchmarkAggressive Plan : S&P CNX NIFTYModerate Plan : CRISIL Balanced Fund IndexConservative Plan : CRISIL MIP Blended IndexAverage AUMAggressive Plan : Rs. 10.64 CroresConservative Plan : Rs. 10.46 Crores


Standard DeviationAggressive Plan : 12.48%Conservative Plan : 4.33%

Mr. Satyabrata Mohanty

Key Features


:

Load Structure

Other Parameter

(As on May 31, 2010)

Moderate Plan Rs. 5.95 Crores

Moderate Plan : 9.92%

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

An open-ended Fund of Funds scheme with the objective to provide income and capital appreciation along with diversification by investing in abasket of debt and equity Mutual Fund schemes in line with the risk profile of the investors.


Birla Sun Life AAF Aggressive Plan - Growth S & P CNX Nifty


Birla Sun Life AAF Conservative Plan - Growth Crisil MIP Blended Index


Birla Sun Life AAF Moderate Plan - Growth Crisil Balanced Fund Index

% R

etur

ns

% R

etur

ns

% R

etur

ns

Mutual Fund Units 86.45Birla Sun Life Dynamic Bond Fund - Growth 30.32Birla Sun Life Midcap Fund - Growth 14.64Birla Sun Life Index Fund - Growth 12.89Birla Sun Life Buy India Fund - Growth 7.27Birla Sun Life InternationalEquity Fund - Plan A Growth 6.70Birla Sun Life India Opportunities Fund - Growth 5.16Birla Sun Life MNC Fund - Growth 4.81Birla Sun Life Income Fund - Growth 2.46Birla Sun Life Ultra Short Term Fund - Growth 2.19


Net receivables / payables #


Mutual Fund Units 95.26Birla Sun Life Midcap Fund - Growth 19.62Birla Sun Life Buy India Fund - Growth 14.86Birla Sun Life MNC Fund - Growth 14.71Birla Sun Life Dynamic Bond Fund - Growth 14.21Birla Sun Life India Opportunities Fund 13.10Birla Sun Life Index Fund - Growth 12.21Birla Sun Life Income Fund - Growth 3.38Birla Sun Life Ultra Short Term Fund - Growth 2.61Birla Sun Life Gilt Plus Inv - Growth 0.57




Mutual Fund Units 92.50Birla Sun Life Dynamic Bond Fund - Growth 34.61Birla Sun Life Ultra Short Term Fund - Growth 13.19Birla Sun Life Income Plus Fund - Growth 12.72Birla Sun Life Midcap Fund - Growth 7.34Birla Sunlife Cash Manager-Retail Growth 6.98Birla Sun Life MNC Fund - Growth 4.15Birla Sun Life Index Fund - Growth 3.97Birla Sun Life India Opportunities Fund - Growth 3.69Birla Sun Life Income Fund - Growth 3.23Birla Sun Life International Equity Fund - Plan A Growth 2.61






Hybrid: Debt-oriented(17 Schemes),for 3 & 5 years periods ended 31-May-10

Birla Sun Life AAF - Conservative

Wealth

Creation

Solutions

Fund Details


Investment Performance - Moderate PlanInvestment Performance - Aggressive Plan

Investment Performance - Conservative Plan

Portfolio & Asset Allocation - Moderate PlanPortfolio & Asset Allocation - Aggressive Plan

Portfolio & Asset Allocation - Conservative Plan

Issuer % to Net Assets Issuer % to Net Assets

Issuer % to Net Assets


Equity Diversified(169 Schemes),for 3 & 5 years periods ended 31-May-10

Birla Sun Life AAF - Aggressive��

#Value Research Rating

Hybrid: Equity-oriented(30 Schemes),for 3 & 5 years periods ended 31-May-10

Birla Sun Life AAF - Moderate

# Indicates less than 0.01

38

Winner of&Best Fund - 3 yrs performance Lipper Awards India 2010

Mixed Asset INR Balanced, (6 schemes) 3 Yrs Performance (2007-2009)

Birla Sun Life Asset Allocation Fund - Moderate Plan - Growth9

Winner of&Best Fund - 5 yrs performance Lipper Awards India 2010

Mixed Asset INR Balanced, (6 schemes) 5 Yrs Performance (2005-2009)

Birla Sun Life Asset Allocation Fund - Moderate Plan - Growth9

29.50

13.11

20.37 20.31

14.33

5.79

19.48 18.05

0

5

10

15

20

25

30

35


21.56

12.03

16.97 16.84

11.19

7.78

15.0813.57

0

5

10

15

20

25


12.50

10.29

11.97 11.48

6.347.70

8.337.31

0

2

4

6

8

10

12

14


Fund Details

As on May 31, 2010


Birla Sun LifeSpecial Situations Fund


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : September 02, 2008Total Experience : 22 yearsDate of inception : January 31, 2008Nature of the scheme : An Open-ended Diversified

Equity Scheme

Default option : Dividend ReinvestmentFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Redemption Cheques : Within 10 business days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)



Entry Load : Nil



Beta : 0.93

Mr. Sanjay Chawla

Key Features



Other Parameter

(As on May 31, 2010)

Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis.fund has completed 1 year but yet to complete 3 years since its inception so the ratiois calculated on the basis of historical 1 year returns, source: MFI Explorer##Risk-free rate assumed to be % (91 day T-bill yield As on May 31, 2010)

The

4.40

An open-ended diversified equity scheme with an objective of the scheme is to generate long-term growth of capital by investing in a portfolioof 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 Special Situations Fund - Growth BSE 200

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Special Situations Fund...


Date of First Installment : April 01, 2008The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation ofreturns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)

Investment Period Total Investment(Rs.) Birla Sun Life Special

Situations FundBirla Sun Life Special

Situations FundBSE 200 BSE 200


Since Inception 26000 34271 32977 26.73 22.75

Last 1 year 12000 12768 12501 12.16 7.89




Software 11.13Oracle Financial Services Software Ltd. 3.81




Banks 9.92ICICI Bank Ltd. 3.79

HDFC Bank Ltd. 3.10

Axis Bank Ltd. 3.04

Auto 7.49Mahindra & Mahindra Ltd. 4.23

Tata Motors Ltd. 3.25

Industrial Products 6.73Sintex Industries Ltd. 3.26

Bharat Forge Ltd. 1.65

Jain Irrigation Systems Ltd. 1.64

Bharat Forge Ltd - Warrants 0.17

Consumer Non Durables 6.11Dabur India Ltd. 3.82

Bata India Ltd. 1.19

Shree Renuka Sugars Ltd. 1.10

Power 5.68Tata Power Company Ltd. 3.03

PTC India Ltd 2.65

Media & Entertainment 5.23Television Eighteen India Ltd. 2.15

Balaji Telefilms Ltd. 1.57

Sun TV Network Ltd. 1.50

Petroleum Products 5.15

Reliance Industries Ltd. 5.15

Ferrous Metals 4.80

JSW Steel Ltd. 2.84

Welspun Corp Ltd 1.96

Finance 4.29

Shriram Transport Finance Company Ltd. 4.29


Crompton Greaves Ltd. 3.95

Construction 3.33

Jaiprakash Associates Ltd. 2.05





Ranbaxy Laboratories Ltd. 2.87

Textile Products 2.30

Raymond Ltd. 2.30

Paper 2.29

Ballarpur Industries Ltd. 2.29

Retailing 2.23

Pantaloon Retail (India) Ltd. 2.23

Hardware 2.17


Telecom - Equipment & Accessories 1.61

OnMobile Global Limited 1.61

Cement 1.43

Grasim Industries Ltd. 1.12

Samruddhi Cement Ltd.** 0.31

Diversified 1.29

Aditya Birla Nuvo Ltd. 1.29

Trading 1.11

Adani Enterprises Ltd. 1.11

Chemicals 0.89

Solar Industries India Ltd. 0.89


Goodyear India Ltd. 0.71





Wealth

Creation

Solutions

39


16.92

-2.70

21.40

-2.21-5

0

5

10

15

20

25

1 Year

Since Inception

As on May 31, 2010

Investment ObjectiveFund Details

Birla Sun LifeCommodity Equities Fund


Managing Fund Since : Since InceptionTotal Experience : 11 years / 5 YearsDate of inception : November 07, 2008Nature of the scheme : An Open-ended Growth Scheme

Default option : Default Plan: Retail PlanDefault Option: GrowthDefault Facility: Dividend Reinvestment

Retail PlanFresh Purchase : Rs. 5000/-Additional Purchase : Rs. 1000/-Institutional PlanFresh Purchase : Rs. 5,00,00,000/-Additional Purchase : Rs. 10000/-Redemption Cheques : Within 10 working days issuedSystematic Investment : AvailablePlan (SIP)Systematic Withdrawal : AvailablePlan (SWP)Systematic Transfer : AvailablePlan (STP)

Global Agri PlanRetail PlanDividend : 12.96(Payout, Reinvestment & Sweep)Growth : 12.96Global Multi Commodity PlanRetail PlanDividend : 11.59(Payout, Reinvestment & Sweep)Growth : 11.59Global Precious Metals PlanRetail PlanDividend : 12.63(Payout, Reinvestment & Sweep)Growth : 12.63

Benchmark (for all plans) : Global Agri business indexMSCI World indexDow Jones Precious Metals Index

Average AUMGlobal Agri Plan : Rs. 7.10 CroresGlobal Multi Commodity Plan : Rs. 15.07 CroresGlobal Precious Metals Plan : Rs. 2.91 Crores

Entry Load : Nil

Exit Load** : 3% if redeemed / switched out within 30 days from the date of allotment. For redemption/switch-out 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 / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.

Global Agri PlanStandard Deviation : 16.78%

##Sharpe Ratio : -0.64Beta : 0.68Global Multi Commodity PlanStandard Deviation : 14.70%

##Sharpe Ratio : -0.20Beta : 0.65Global Precious Metals PlanStandard Deviation : 22.88%

##Sharpe Ratio : 0.25Beta : 0.56

Mr. Ankit Sancheti and

Key Features



Other Parameter

(As on May 31, 2010)

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 similarinvestment objectives. These securities could be issued in India or overseas.

Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratiois calculated on the basis of historical 1 year returns, source: MFI Explorer##Risk-free rate assumed to be % (91 day T-bill yield As on May 31, 2010)4.40

Investment Performance(Global Multi Commodity Plan)

Investment Performance(Global Agri Plan)

Investment Performance(Global Precious Metals Plan)

Birla Sun Life Commodity Equities Fund - Global Agri Plan Retail - Growth

Global Agri business index Birla Sun Life Commodity Equities Fund - Global Multi commodity - Retail Growth

MSCI World indexBirla Sun Life Commodity Equities Fund - Global Precious Metal - Retail Growth

Dow Jones Precious Metal Index


Portfolio & Asset Allocation (Global Multi Commodity Plan)




Agriculture 21.81Potash Corp of Saskatchewan Inc 3.05Deere & Co 2.47FMC Corp 2.36Monsanto Co 2.19Cosan Ltd 2.13AGCO Corp 2.11Agrium Inc 2.04CF Industries Holdings Inc 1.88Mosaic Co 1.77Yara International ASA 1.82

Energy 28.73Exxon Mobil Corp 5.17Occidental Petroleum Corp 3.42Chesapeake Energy Corp 2.88Schlumberger Ltd 2.86Peabody Energy Corp 2.77Walter Energy Inc 2.54Apache Corp 2.42Massey Energy Co 2.37Halliburton Co 2.11

Petroleo Brasileiro SA 2.18

Industrial metal 18.39Freeport-McMoRan Copper & Gold Inc 2.53United States Steel Corp 2.08Vale SA 2.03Cliffs Natural Resources Inc 1.88Xstrata PLC 1.78Vedanta Resources PLC 1.70OAO SEVERSTAL GDR 1.66Anglo American PLC 1.66Kazakhmys PLC 1.60ArcelorMittal 1.47

Precious metal 17.40Barrick Gold Corp 2.63Newmont Mining Corp 2.16Goldcorp Inc 2.14Silver Wheaton Corp 2.04Agnico-Eagle Mines Ltd 1.84Yamana Gold Inc 1.79Cia de Minas Buenaventura SA 1.71

Portfolio & Asset Allocation (Global Precious Metals Plan)



Foreign Equity 94.17Barrick Gold Corp 4.84

Gold Fields Ltd 4.27

Goldcorp Inc 4.19

Yamana Gold Inc 3.97

Newmont Mining Corp 3.93

Silver Wheaton Corp 3.91

AngloGold Ashanti Ltd 3.80

Cia de Minas Buenaventura SA 3.79

Randgold Resources Ltd 3.68

Hecla Mining Co 3.63

Agnico-Eagle Mines Ltd 3.60

Golden Star Resources Ltd 3.41

Kinross Gold Corp 3.37

Pan American Silver Corp 3.07

IAMGOLD Corp 3.05

Royal Gold Inc 2.92

Harmony Gold Mining Co Ltd 2.91

Eldorado Gold Corp 2.72

Centamin Egypt Ltd 3.30

Petropavlovsk Plc 3.27

Aquarius Platinum Ltd 2.84

Centerra Gold Inc 3.64

Alamos Gold Inc 3.39

Anglo Platinum Ltd. 2.43

Impala Platinum Holdings Ltd 2.15

Newcrest Mining Ltd 2.24

PanAust Ltd 1.56

Zijin Mining Group Co Ltd 2.17

Umicore 2.11




IAMGOLD Corp 1.60Hecla Mining Co 1.49

Water 5.25Danaher Corp 0.67ITT Corp 0.53Nalco Holding Co 0.50Watts Water Technologies Inc 0.49Pentair Inc 0.49Pall Corp 0.47IDEX Corp 0.46Insituform Technologies Inc 0.34United Utilities Group PLC 0.32Veolia Environnement 0.50Geberit AG 0.47




% R

etur

ns

% R

etur

ns

Wealth

Creation

Solutions

Portfolio & Asset Allocation (Global Agri Plan)




Foreign Equity 95.39

Potash Corp of Saskatchewan Inc 6.38

Deere & Co 5.18

Cosan Ltd 4.84

Mosaic Co 4.73

Agrium Inc 4.32

FMC Corp 4.25

CF Industries Holdings Inc 4.20

Monsanto Co 4.17

AGCO Corp 3.38

CNH Global NV 3.50

JBS SA 3.33

Cosan Sa Industria E Comercio 2.98

Marfrig Alimentos SA 2.86

Fertilizantes Fosfatados SA 2.86

BRF - Brasil Foods SA 2.60

Indofood Agri Resources Ltd. 3.48

Noble Group Ltd 2.88

Olam International Ltd 2.30

Sino-Forest Corp 3.42

Viterra Inc 3.06

China Agri-Industries Holdings Ltd 2.51

Sinofert Holdings Ltd 1.72

Yara International ASA 3.63

K+S AG 2.75

Syngenta AG 2.62

Israel Chemicals Ltd 2.46

Kubota Corp 2.15

AWB LTD 1.95

Namhae Chemical Corp 0.89




% R

etur

ns

40

-6.34

18.07

3.49

31.02

-10

-5

0

5

10

15

20

25

30

35


10.06

16.11

8.79

55.32

0

10

20

30

40

50

60


1.53

9.9410.57

9.94

0

2

4

6

8

10

12


As on May 31, 2010


Birla Sun LifeInternational Equity Fund - Plan A


Managing Fund Since : Since InceptionTotal Experience : 20 years / 5 yearsDate of inception : November 30, 2007Nature of the scheme : An Open-ended Diversified

Equity Scheme



Benchmark : S&P Global 1200Average AUM : Rs. 109.14 Crores

Entry Load : Nil



Beta : 0.79

Mr. Mahesh Patil &

Key Features



Other Parameter

(As on May 31, 2010)

Note:Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis.fund has completed 1 year but yet to complete 3 years since its inception so the ratiois calculated on the basis of historical 1 year returns, source: MFI Explorer##Risk-free rate assumed to be 4.40% (91 day T-bill yield As on May 31, 2010)

The

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


Birla Sun Life International Equity Fund Plan A - Growth S&P Global 1200

% R

etur

ns


SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life International Equity Fund - Plan A...


Date of First Installment : December 01, 2007The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)

Investment Period Total Investment(Rs.) Birla Sun Life International

Equity Fund - Plan ABirla Sun Life International

Equity Fund - Plan AS&P Global

1200S&P Global

1200


Since Inception 30000 29150 28509 -2.22 -3.92

Last 1 year 12000 11604 11480 -6.10 -7.98





United States of America 56.83Pride International Inc 3.21Teva Pharmaceutical Industries Ltd 3.15Northrop Grumman Corp 3.08Taiwan Semiconductor Manufacturing Co Ltd 2.99Itau Unibanco Holding SA 2.83Snap-On Inc 2.73Coach Inc 2.67Abercrombie & Fitch Co 2.59Coca-Cola Co 2.55Wal-Mart Stores Inc 2.48Foster Wheeler AG 2.48Aeropostale Inc 2.43Microsoft Corp 2.42Cognizant Technology Solutions Corp 2.30Chubb Corp 2.26Oracle Corp 2.21Aetna Inc 2.11Exxon Mobil Corp 1.91Noble Corp 1.76Accenture PLC 1.58

International Business Machines Corp 1.54

BMC Software Inc 1.51

Hewlett-Packard Co 1.49

Travelers Cos Inc/The 1.45

POSCO 1.10

Hong Kong 16.07

Wharf Holdings Ltd 3.60

Industrial & Commercial Bank of China Asia Ltd 3.59

China Construction Bank Corp 3.56

MTR Corp 2.69

Jiangsu Expressway Co Ltd 1.89

Shenzhen Expressway Co Ltd 0.73

Switzerland 4.80

Nestle SA 2.51

Roche Holding AG 2.30

United Kingdom 3.47

CRH PLC 2.30

Centrica PLC 1.17

Germany 3.23

Bayer AG 2.30

ThyssenKrupp AG 0.92

Netherlands 2.92

Akzo Nobel NV 2.92

Norway 2.85

Statoil ASA 2.85

Spain 1.53

Iberdrola SA 1.53

Denmark 1.40

Carlsberg A/S 1.40





Wealth

Creation

Solutions

41

5.72

-8.26

9.86

-10.09

-15

-10

-5

0

5

10

15

1 Year

Since Inception

As on May 31, 2010


Birla Sun LifeInternational Equity Fund - Plan B


Managing Fund Since : Since inceptionTotal Experience : 20 years / 5 yearsDate of inception : November 30, 2007Nature of the scheme : An Open-ended Diversified

Equity Scheme



Benchmark : Customised Index†Average AUM : Rs.478.86 Crores

†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.

Entry Load : Nil



Beta : 0.88

Mr. Mahesh Patil &

Key Features



Other Parameter

(As on May 31, 2010)


The

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


Birla Sun Life International Equity Fund Plan B - Growth Customized Index+

% R

etur

ns


+ 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.

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life International Equity Fund - Plan B...


Date of First Installment : December 01, 2007The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future.*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)†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.

Investment Period Total Investment(Rs.) Birla Sun Life International

Equity Fund - Plan BBirla Sun Life International

Equity Fund - Plan BCustomised

Index†Customised

Index†


Since Inception 30000 34998 34116 12.41 10.30

Last 1 year 12000 12382 12236 6.00 3.69





United States of America 16.69Sterlite Industries (India) Ltd - Ads 1.97Coca-Cola Co 1.11Taiwan Semiconductor Manufacturing Co Ltd 1.09Itau Unibanco Holding SA 1.07Pride International Inc 0.94Teva Pharmaceutical Industries Ltd 0.93Northrop Grumman Corp 0.90Coach Inc 0.84Microsoft Corp 0.81Oracle Corp 0.74Snap-On Inc 0.72Abercrombie & Fitch Co 0.68Noble Corp 0.66Foster Wheeler AG 0.65Aetna Inc 0.64Aeropostale Inc 0.63Wal-Mart Stores Inc 0.56Chubb Corp 0.51Exxon Mobil Corp 0.46International Business Machines Corp 0.46POSCO 0.32

Hong Kong 5.45Wharf Holdings Ltd 1.18Industrial & Commercial Bank of China Asia Ltd 1.17MTR Corp 1.09China Construction Bank Corp 1.01Petrochina Co Ltd 0.63Jiangsu Expressway Co Ltd 0.37China Mobile Ltd #China Oilfield Services Ltd #

Switzerland 1.49Roche Holding AG 0.77Nestle SA 0.71

United Kingdom 1.25Centrica PLC 0.63CRH PLC 0.62

Germany 1.23Bayer AG 0.98ThyssenKrupp AG 0.25

Norway 0.96Statoil ASA 0.84Renewable Energy Corp ASA 0.11Renewable Energy Corp ASA - Rights ** 0.01

Netherlands 0.83Akzo Nobel NV 0.83

Denmark 0.36Carlsberg A/S 0.36

Australia 0.32Rio Tinto Ltd 0.32

Spain 0.30Iberdrola SA 0.30

Banks 10.52ING Vysya Bank Ltd. 2.37ICICI Bank Ltd. 1.63Axis Bank Ltd. 1.49HDFC Bank Ltd. 1.44State Bank of India 1.29Union Bank of India 1.25Allahabad Bank 1.05

Software 7.20Infosys Technologies Ltd. 3.64Tata Consultancy Services Ltd. 2.90MindTree Ltd. 0.67

Industrial Capital Goods 6.18Crompton Greaves Ltd. 2.15Bharat Heavy Electricals Ltd. 2.05Siemens Ltd. 1.38BEML Ltd. 0.60

Consumer Non Durables 6.12ITC Ltd. 3.22United Breweries Holdings Ltd. 1.50Colgate-Palmolive (India) Ltd. 1.40

Power 5.41Tata Power Company Ltd. 1.96Reliance Infrastructure Ltd. 1.13PTC India Ltd 1.05Kalpataru Power Transmission Ltd. 1.00CESC Ltd. 0.27

Finance 5.33ICRA Ltd. 3.03HDFC Ltd. 2.30

Petroleum Products 4.87Reliance Industries Ltd. 4.02Indian Oil Corporation Ltd. 0.85

Domestic Equity 68.01

Auto 3.38Tata Motors Ltd. 2.30Maruti Suzuki India Ltd. 1.07


Construction Project 3.06Larsen & Toubro Ltd. 1.58Nagarjuna Construction Company Ltd. 1.48

Pharmaceuticals 2.95Dr.Reddys Laboratories Ltd. 2.95



Media & Entertainment 1.53Zee Entertainment Enterprises Ltd. 1.53

Ferrous Metals 1.45Jindal Saw Ltd. 0.89Steel Authority of India Ltd. 0.56

Non - Ferrous Metals 1.42Hindalco Industries Ltd. 1.05Hindustan Zinc Ltd 0.37

Auto Ancillaries 0.99Exide Industries Ltd. 0.99

Construction 0.98Housing Development & Infrastructure Ltd 0.58D.S. Kulkarni Developers Ltd. 0.40

Transportation 0.19IL & FS Transportation Networks Ltd 0.19





Wealth

Creation

Solutions


42

15.34

-6.14

17.98

-5.30-10

-5

0

5

10

15

20

1 Year

Since Inception

As on May 31, 2010

Birla Sun Life Pure Value Fund


Large

Mid

Small

Investment Style


Fund Details

Fund Manager :Managing Fund Since : Since inceptionTotal Experience : 16 yearsDate of inception : March 27, 2008Nature of the scheme : A Close-ended Diversified

Equity Scheme

Default option : NAFresh Purchase : NAAdditional Purchase : NARedemption Cheques : NAissuedSystematic Investment : NAPlan (SIP)Systematic Withdrawal : NAPlan (SWP)Systematic Transfer : NAPlan (STP)

Dividend : 14.84(Payout & Reinvestment)Growth : 15.84


Entry Load : NA

Exit Load : NilInvestors o f fe r ing un i ts forrepurchase before maturity of thescheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortizedissue expenses on the applicableNAV.


Beta : 0.88

Mr. Ajay Argal

Key Features


Load Structure

Other Parameter

(As on May 31, 2010)


The

A Closed-end Diversified Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an openended scheme. It seeks to generate consistent long term capital appreciation by investing predominantly in equity and equity related securitiesby following value investing strategy.



Birla Sun Life Pure Value Fund - Growth BSE 200

% R

etur

ns





Banks 14.74ING Vysya Bank Ltd. 3.60

The South Indian Bank Ltd. 2.77

Oriental Bank of Commerce 2.26

United Bank of India 2.18

State Bank of India 2.14

Andhra Bank 1.80

Pharmaceuticals 11.34Pfizer Ltd. 4.94


Dishman Pharmaceuticals & Chemicals Ltd. 1.92

Fertilisers 10.08Coromandel International Limited 6.17

Zuari Industries Ltd 3.90

Consumer Non Durables 7.37Glaxosmithkline Consumer Healthcare Ltd. 5.65

Mcleod Russel India Ltd. 1.66

Zydus Wellness Ltd. 0.06

Power 7.09Jyoti Structures Ltd. 2.61

CESC Ltd. 2.30

PTC India Ltd 2.18


Gujarat State Petronet Ltd 2.00


United Phosphorus Ltd. 1.82

Transportation 4.32Gateway Distriparks Ltd. 2.21

The Great Eastern Shipping Company Ltd 2.11

Petroleum Products 4.09Indian Oil Corporation Ltd. 1.66

Hindustan Petroleum Corporation Ltd. 1.37

Chennai Petroleum Corporation Ltd. 1.06

Software 3.86Polaris Software Lab Ltd. 2.83

MindTree Ltd. 1.04

Construction 3.61JMC Projects (India) Ltd 3.61


Industrial Products 3.17FAG Bearings India Ltd. 2.05

Finolex Cables Ltd. 1.12

Construction Project 2.85Nagarjuna Construction Company Ltd. 2.85

Industrial Capital Goods 2.75Bharat Electronics Ltd. 2.75

Ferrous Metals 2.16Maharashtra Seamless Ltd. 2.16

Paper 2.08Tamil Nadu Newsprint & Papers Ltd. 2.08

Cement 2.06Mangalam Cement Ltd. 2.06





Wealth

Creation

Solutions

43

43.32

23.5221.40

4.43

0

10

20

30

40

50


Fund Details


Birla Sun Life Long TermAdvantage Fund

As on May 31, 2010


Large

Mid

Small

Investment Style


Fund Manager :Managing Fund Since : Since inceptionTotal Experience : 16 yearsDate of inception : October 10, 2006Nature of the scheme : A 5 Years Close-ended Scheme

Default option : NAFresh Purchase : NAAdditional Purchase : NARedemption Cheques : NAissuedSystematic Investment : NAPlan (SIP)Systematic Withdrawal : NAPlan (SWP)Systematic Transfer : NAPlan (STP)

Dividend : 12.11(Payout & Reinvestment)Growth : 13.11

Benchmark : BSE SensexAverage AUM : Rs. 307.38 Crores

Entry Load : NA

Exit Load : NilInvestors offering units for repurchasebefore maturity of the scheme /conversion of scheme into openended scheme will be chargedbalance proportionate unamortizedissue expenses on the applicableNAV.

Standard Deviation : 32.21%##Sharpe Ratio : -

Beta : 0.88

Mr. Ajay Argal

Key Features


Load Structure

Other Parameter

(As on May 31, 2010)


A 5 years close ended scheme with automatic conversion to an open ended scheme upon maturity with the objective to provide longterm capitalappreciation by investing predominantly in a diversified portfolio of equity and equity related securities.


Birla Sun Life Long Term Advantage Fund - Growth BSE Sensex

% R

etur

ns





Banks 12.45

Axis Bank Ltd. 2.70

ICICI Bank Ltd. 2.64

HDFC Bank Ltd. 2.55

Oriental Bank of Commerce 2.46

State Bank of India 1.76

United Bank Of India 0.35

Software 11.43



MindTree Ltd. 2.14


Subex Ltd. 0.88


McNally Bharat Engineering Company Ltd. 3.81

Bharat Heavy Electricals Ltd. 2.86

Gujarat Apollo Industries Ltd. 2.83

Bharat Electronics Ltd. 1.74

Pesticides 8.58

Rallis India Ltd. 8.58


Bosch Ltd. 3.16

Exide Industries Ltd. 2.92

Petroleum Products 5.87

Reliance Industries Ltd. 5.87

Construction Project 5.83

Nagarjuna Construction Company Ltd. 3.13

Larsen & Toubro Ltd. 2.70


Dr.Reddy's Laboratories Ltd. 2.22

Cipla Ltd. 1.61

Ferrous Metals 3.38

Maharashtra Seamless Ltd. 3.38

Auto 3.31

Tata Motors Ltd. 3.31

Construction 3.24


JMC Projects (India) Ltd 1.34

ITD Cementation India Ltd. 0.52


ITC Ltd. 2.82

Oil 2.64

Oil & Natural Gas Corporation Ltd. 2.64


Cement 2.60Kesoram Industries Ltd. 2.60

Industrial Products 2.51FAG Bearings India Ltd. 2.51



Power 1.84KEC International Ltd. 1.84


Engineering 1.17Engineers India Ltd. 1.17





Wealth

Creation

Solutions

44

33.10

4.557.72

15.86

5.227.76

0

5

10

15

20

25

30

35


J u n e 2 0 1 0

Dividend History(For select Schemes)

Non Corporate Corporate

After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.

DEBT SCHEMES

# # DEBT SCHEMES Date Face Value Dividend Dividend Cum Dividend NAV(Rs. per unit) (Rs. per unit) (Rs. per unit)

Birla Sun Life Savings Fund - Institutional 26-Mar-10 0.0259 0.0241 10.2580

30-Apr-10 0.0390 0.0363 10.2790

28-May-10 0.0290 0.0270 10.2740

Birla Sun Life Savings Fund - Retail 26-Mar-10 0.0226 0.0210 10.2337

30-Apr-10 0.0350 0.0326 10.2538

28-May-10 0.0261 0.0243 10.2489

Birla Sun Life Ulttra Short Term Fund - 30-Mar-10 0.0287 0.0267 10.7532

30-Apr-10 0.0336 0.0313 10.7652

31-May-10 0.0307 0.0286 10.7709

Birla Sun Life Dynamic Bond Fund - Retail 24-Apr-09 0.0526 0.0489 10.4961

30-Jun-09 0.1664 0.1549 11.2343

29-Sep-09 0.1568 0.1459 11.2341

31-Dec-09 0.1358 0.1264 11.2253

30-Mar-10 0.1301 0.1211 11.2720

Birla Sun Life Income Plus 16-Jun-08 0.1634 0.1520 10.6083

15-Sep-08 0.1594 0.1484 10.8205

15-Dec-08 0.2090 0.1945 11.7199

16-Mar-09 0.2277 0.2120 11.5018

15-Jun-09 0.2190 0.2038 11.4616

15-Sep-09 0.1239 0.1153 11.3907

15-Dec-09 0.1229 0.1144 11.3564

15-Mar-10 0.0526 0.0489 11.2701

Birla Sun Life Income Fund- 17-Mar-08 0.4752 0.4423 11.6359

16-Mar-09 0.4467 0.4158 11.9496

15-Mar-10 0.2453 0.2283 11.5557

Birla Sun Life Income Fund - 15-Sep-08 0.1613 0.1501 10.9178

15-Dec-08 0.2110 0.1964 11.7458

16-Mar-09 0.2277 0.2120 11.1896

15-Jun-09 0.0876 0.0815 10.9322

15-Sep-09 0.1196 0.1113 11.0205

15-Dec-09 0.1428 0.1329 11.0263

15-Mar-10 0.0876 0.0815 10.9137

Birla Sun Life Gilt Plus - Liquid Plan - 22-Oct-08 0.0061 0.0057 10.4045

15-Dec-08 0.1384 0.1288 10.5148

16-Mar-09 0.2102 0.1957 10.4492

15-Jun-09 0.1314 0.1223 10.3190

15-Sep-09 0.0898 0.0836 10.2416

15-Dec-09 0.0554 0.0515 10.2064

15-Mar-10 0.0701 0.0652 10.2300

Birla Sun Life Gilt Plus - PF Plan 15-Sep-08 0.1332 0.1240 10.3951

15-Dec-08 0.2013 0.1873 11.2919

16-Mar-09 0.2190 0.2038 10.4392

15-Jun-09 0.0876 0.0815 10.1703

15-Sep-09 0.0088 0.0082 10.0989

15-Dec-09 0.1211 0.1128 10.2548

15-Mar-10 0.0263 0.0245 10.0900

Birla Sun Life Gilt Plus - Regular Plan 15-Sep-08 0.1454 0.1353 11.6963

15-Dec-08 0.2267 0.2110 12.9233

16-Mar-09 0.2540 0.2364 12.4390

15-Jun-09 0.1664 0.1549 12.2848

15-Sep-09 0.0801 0.0745 12.0337

15-Dec-09 0.1303 0.1213 12.0244

15-Mar-10 0.0876 0.0815 11.8600

Birla Sun Life Govt. Securities - 16-Mar-09 0.7883 0.7337 11.5177

15-Sep-09 0.3267 0.3041 11.4130

15-Mar-10 0.3067 0.2854 11.3546

Birla Sun Life Govt. Securities - 15-Sep-08 0.1095 0.1109 10.2966

15-Dec-08 0.1111 0.1034 10.3417

16-Mar-09 0.2015 0.1875 10.2841

15-Jun-09 0.0876 0.0815 10.1322

15-Sep-09 0.0447 0.0416 10.0789

15-Dec-09 0.0385 0.0359 10.0779

15-Mar-10 0.0438 0.0408 10.1242

Birla Sun Life Short Term 15-Dec-08 0.1098 0.1022 10.2182

16-Mar-09 0.2015 0.1875 10.3932

27-Apr-09 0.0876 0.0815 10.2657

15-Jun-09 0.1314 0.1223 10.2689

15-Sep-09 0.1340 0.1247 10.3079

15-Dec-09 0.1219 0.1135 10.3235

15-Mar-10 0.1077 0.1003 10.3124

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

Opportunities Fund 10.00

10.00

10.00

10.00

10.00

10.00

10.00

Quarterly Dividend

Quartery Dividend

Monthly Dividend

Monthly Dividend

Monthly Dividend

Half Yearly Dividend

Long Term Dividend


Quarterly Dividend

Quarterly Dividend

Quarterly Dividend

Quarterly Dividend

Short Term Dividend

45

J u n e 2 0 1 0


EQUITY SCHEMES


#EQUITY SCHEMES Declared Dividend Face value Cum Dividend NAVon date (Rs. per unit) (Rs.) (Rs. per unit)

Birla Sun Life Advantage Fund

Birla Sun Life Dividend Yield Plus

Birla Sun Life Index Fund

Birla Sun Life India GenNext Fund

Birla Sun Life India Opportunities Fund

Birla Sun Life Midcap Fund (Plan A)

Birla Sun Life Basic Industries Fund

Birla Sun Life Equity Fund

Birla Sun Life Frontline Equity Fund (Plan A)

Birla Sun Life New Millennium Fund



Birla Sun Life Freedom Fund

20-Mar-02 1.00 10.00 17.1321-Oct-02 0.50 10.00 14.0724-Mar-03 0.50 10.00 14.3730-Sep-03 1.00 10.00 22.96

8-Mar-04 3.00 10.00 30.9120-Oct-04 1.00 10.00 30.0210-Feb-06 5.00 10.00 58.9423-Mar-07 10.00 10.00 74.4531-Aug-07 10.00 10.00 79.9815-Oct-09 5.00 10.00 76.5912-Mar-10 5.00 10.00 74.69

54.50

23-Jan-04 2.00 10.00 47.3312-Mar-04 2.50 10.00 46.1023-Mar-05 5.00 10.00 54.2516-Dec-05 5.00 10.00 65.8925-Apr-08 5.00 10.00 100.4423-Sep-09 7.50 10.00 97.4126-Feb-09 6.25 10.00 88.77

46.25

22-Jul-03 1.00 10.00 11.8124-Dec-03 6.00 10.00 18.35

8-Oct-04 1.25 10.00 13.7228-Jan-05 1.00 10.00 14.753-Feb-06 2.00 10.00 22.59

22-Dec-06 3.50 10.00 25.9428-Dec-07 6.00 10.00 40.5027-Jun-08 2.00 10.00 20.8531-Jul-09 1.50 10.00 22.66

29-Jan-10 2.50 10.00 26.02

27.75

31-Mar-04 2.00 10.00 18.4814-Oct-04 1.00 10.00 16.8027-Feb-06 8.00 10.00 28.8828-Aug-06 6.00 10.00 23.5629-Jun-07 4.00 10.00 23.868-Aug-08 2.00 10.00 20.4831-Jul-09 1.50 10.00 21.51

29-Jan-10 2.00 10.00 22.53

28.50

7-Oct-04 2.00 10.00 25.0224-Mar-06 10.00 10.00 35.0819-Jan-07 10.50 10.00 39.6025-Apr-08 2.00 10.00 36.3623-Jun-09 5.00 10.00 28.5224-Dec-09 2.00 10.00 30.79

36.50

25-Apr-08 1.00 10.00 16.148-Jul-09 2.00 10.00 12.77

08-Jan-10 1.00 10.00 14.05

4.00

27-Jun-08 1.00 10.00 14.4323-Sep-09 1.00 10.00 14.0226-Feb-10 0.75 10.00 13.49

2.75

30-May-08 1.50 10.00 15.89415-Oct-09 1.50 10.00 16.16812-Mar-10 1.00 10.00 14.952

4.00

28-Mar-06 7.50 10.00 17.5423-Sep-09 2.00 10.00 23.1326-Feb-10 1.25 10.00 22.44

10.75

29-Aug-03 5.00 10.00 30.5818-Jan-05 5.00 10.00 42.8026-Aug-05 7.50 10.00 41.0523-Sep-09 7.00 10.00 72.9826-Feb-10 3.75 10.00 74.35

34.75

17-Oct-03 5.60 10.00 16.193-Feb-04 1.65 10.00 11.99

23-Mar-07 6.50 10.00 21.83

13.75

14-Jan-03 1.00 10.00 12.1627-Feb-04 6.00 10.00 18.6926-Oct-04 1.25 10.00 14.1716-Sep-05 4.00 10.00 14.9023-Sep-09 2.00 10.00 19.2426-Feb-10 1.00 10.00 18.77

17.75

13-Feb-04 1.00 10.00 12.5828-Sep-04 0.80 10.00 11.5724-Dec-04 1.40 10.00 13.7511-Mar-05 1.00 10.00 12.85

1-Jul-05 0.80 10.00 11.2628-Oct-05 0.80 10.00 11.9413-Jan-06 1.60 10.00 11.8927-Apr-06 1.00 10.00 13.0710-Oct-06 0.80 10.00 11.6730-Apr-07 0.80 10.00 11.201-Nov-07 1.00 10.00 12.77

10-Jun-09 1.00 10.00 11.9315-Oct-09 0.58 10.00 13.8926-Feb-10 0.65 10.00 13.54

20.03

26-Mar-02 2.00 10.00 29.9930-Oct-02 1.00 10.00 26.0128-Mar-03 1.00 10.00 27.0010-Oct-03 1.00 10.00 38.5922-Mar-04 3.00 10.00 42.3125-Oct-04 2.00 10.00 43.0210-Mar-06 2.50 10.00 68.5330-May-08 5.00 10.00 97.6115-Oct-09 7.00 10.00 114.6312-Mar-10 7.00 10.00 112.06

45.50

17-Oct-03 1.50 10.00 13.3220-Jan-06 5.00 10.00 15.1308-Jul-09 1.50 10.00 19.69

08-Jan-10 2.00 10.00 20.26

10.00



46

J u n e 2 0 1 0


MONTHLY INCOME & TAX SCHEMES

#MONTHLY INCOME SCHEMES Date Face Value Dividend Cum Dividend NAV(Rs. per unit) (Rs. per unit) (Rs. per unit)

#Dividend



Quarterly Dividend

Monthly DividendBirla Sun Life Monthly Income- 30-Mar-09 10.00 0.0438 0.0408 10.4684

29-Apr-09 10.00 0.1664 0.1549 10.7674

29-May-09 10.00 0.0648 0.0603 10.9353

30-Jun-09 10.00 0.0710 0.0661 10.9986

31-Jul-09 0.0731 0.0681 11.1221

31-Aug-09 0.0509 0.0474 11.0526

29-Sep-09 0.0475 0.0442 11.1840

30-Oct-09 0.0513 0.0478 11.1610

30-Nov-09 0.0512 0.0477 11.3007

31-Dec-09 0.0518 0.0482 11.2940

29-Jan-10 0.0484 0.0451 11.2329

26-Feb-10 0.0466 0.0434 11.2153

30-Mar-10 0.0532 0.0495 11.2546

30-Apr-10 0.0532 0.0495 11.3336

31-May-10 0.0523 0.0487 11.2591

Birla Sun Life Monthly Income- 30-Sep-08 0.1380 0.1284 10.4584

31-Dec-08 0.2256 0.2100 10.8938

30-Mar-09 0.1577 0.1467 10.5699

30-Jun-09 0.1577 0.1467 11.5430

29-Sep-09 0.1538 0.1432 11.7903

31-Dec-09 0.1607 0.1496 11.9104

30-Mar-10 0.1555 0.1447 11.8618

Birla Sun Life MIP - 30-Jan-09 0.0876 0.0815 10.5239

24-Apr-09 0.0613 0.0570 11.1021

29-May-09 0.0788 0.0734 11.1220

26-Jun-09 0.0788 0.0734 11.1155

31-Jul-09 0.0834 0.0776 11.2561

28-Aug-09 0.0465 0.0433 11.1670

25-Sep-09 0.0464 0.0432 11.2540

30-Oct-09 0.0583 0.0543 11.2316

27-Nov-09 0.0465 0.0433 11.3745

29-Dec-09 0.0539 0.0501 11.3756

29-Jan-10 0.0522 0.0486 11.2773

26-Feb-10 0.0468 0.0435 11.2292

26-Mar-10 0.0466 0.0434 11.3337

30-Apr-10 0.0569 0.0530 11.4264

28-May-10 0.0474 0.0442 11.3146

Birla Sun Life MIP II-Wealth 25 Plan 28-Mar-08 0.0666 0.0620 10.3049

25-Apr-08 0.0620 0.0577 10.3476

30-May-08 0.0777 0.0723 10.2064

29-May-09 0.0656 0.0611 10.9059

26-Jun-09 0.0656 0.0611 11.0223

31-Jul-09 0.0828 0.0770 11.2254

28-Aug-09 0.0463 0.0431 11.1828

25-Sep-09 0.0464 0.0432 11.2729

30-Oct-09 0.0584 0.0544 11.2148

27-Nov-09 0.0464 0.0432 11.3733

29-Dec-09 0.0539 0.0501 11.4393

29-Jan-10 0.0525 0.0488 11.2709

26-Feb-10 0.0468 0.0435 11.2256

30-Apr-10 0.1051 0.0978 11.5267

28-May-10 0.0478 0.0445 11.2755

Birla Sun Life MIPII-Savings 5 Plan 27-Feb-09 0.0526 0.0489 10.9174

30-Mar-09 0.0438 0.0408 10.8148

24-Apr-09 0.0350 0.0326 11.1480

29-May-09 0.0794 0.0739 11.3596

26-Jun-09 0.0794 0.0739 11.3100

31-Jul-09 0.0850 0.0791 11.4229

28-Aug-09 0.0471 0.0439 11.3418

25-Sep-09 0.0471 0.0439 11.3440

30-Oct-09 0.0588 0.0547 11.3314

27-Nov-09 0.0470 0.0438 11.3805

29-Dec-09 0.0540 0.0502 11.3332

29-Jan-10 0.0520 0.0484 11.2909

26-Feb-10 0.0468 0.0435 11.2611

30-Apr-10 0.1051 0.0978 11.3702

28-May-10 0.0470 0.0438 11.2452

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10.00

10.00

10.00

10.00

10.00

10.00

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10.00

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10.00

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10.00

10.00

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10.00

10.00

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Monthly Dividend Plan


Birla Sun Life Tax Relief ‘96

Birla Sun Life Tax Plan

19-Jan-07 26.00 - 176.54

16-Mar-07 50.00 - 134.27

25-Mar-08 20.00 - 106.74

27-Jun-08 5.00 - 71.86

31-Aug-09 4.00 - 78.56

12-Mar-10 7.00 - 86.21

227.00

26-Mar-04 1.50 - 26.90

21-Oct-05 4.00 - 42.10

16-Dec-05 4.00 - 46.50

17-Feb-06 4.00 - 44.54

28-Mar-08 6.00 - 64.23

20-Mar-09 4.50 - 31.70

12-Mar-10 7.50 - 51.60

33.00

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47

J u n e 2 0 1 0Asset Allocation Guide

Asset Allocation guide:

How it works?

“Aggressive”

This Asset Allocation guide helps you decide your broadallocation to equities at different market levels. Theadjustment as per the recommended asset allocation may bedone on a six monthly basis or whenever you review yourportfolio.

Lets see how it will help you in your wealth creation goals withthe help of an illustration below.

Assuming you are an investor lets see how theallocation guide will work

Recommended Equity Asset Allocation at different market conditions for different types of investors

Aggressive Moderate Conservative

Expensive 50%-60% 30%-40% 0-10%

Fair 60%-70% 40%-50% 10%-20%

Discounted 70%-80% 50%-60% 20%-30%

Asset Allocation Guide

The graph plots month end values of BSE Sensex since March 1991. The Fair price boundaries have been decided by taking P/E of 10.5 & 18.5 asthe lower & upper boundaries times the 1 year forward earnings of the Sensex. The values above the fair band has been assumed to be expensive &below the fair band has been assumed to be discounted. This is just a suggested band as per forward earnings estimate and should not be construedas a recommendation to buy or sell securities.

Start 6 months 12 months 18 months

% Value in Rs Actual Allocation % Actual Allocation %Value in Rs Value in Rs

Equity 60% 60,000 65% 77400 75% 150444

Debt 40% 40,000 35% 42000 25% 50148

Total Wealth 100,000 119,400 200,592

Fair MarketAfter 6 Months market goes

up but still in Fair range

Action

Value in RsRecommended allocation%

60% 71640

40% 47760

119,400

Bring back allocation as perthe suggested grid

After 12 Months market up to Expensive zone

goes

Actual Allocation % Value in Rs

35% 57169

65% 105311

162,480

After 18 Months market

lands in Discounted zone

Action


70% 113736

30% 48744

162,480

Increase allocation to per thesuggested grid

Equity as Action


50% 100296

50% 100296

200,592

Reduce allocation to Equityas per the suggested grid

Thus, we see that the asset allocation guide helps you

• Observe discipline in your asset allocation by periodic readjustment as per the suggested grid

• Buy low and book profits at high levels by increasing /decreasing exposure at different market conditions.

The above example is to only demonstrate the working of the mentioned investment strategy. The above strategy actions are not based on any judgments of the future return of the debt and equity markets / sectors or of any

individual security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy.

Any information contained above does not constitute and shall be deemed not to constitute an advice, an offer to sell/purchase or as an invitation to do so for any securities of any entity, and further Birla Sun Life Asset

Management Company Ltd.(BSLAMC) / its subsidiaries/affiliates/sponsors/trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss

arising from the use or access of any information that may be displayed herein. Recipients of the information contained herein should exercise due care and caution and read the offer documents (including if necessary,

obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. Opinions expressed are not necessarily

those of BSLAMC or any of their officers, employees, personnel, directors and BSLAMC . and its officers, employees, personnel, directors do not accept responsibility for the same. BSLAMC or any of its officers, employees,

personnel, directors make no representation as to the accuracy, completeness or reliability of the content and hereby disclaim any liability with regard to the same.

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48

J u n e 2 0 1 0

Mumbai_SundayDate - May 16, 2010

The Economic TimesDate - May 17, 2010

Business StandardDate - May 30, 2010

49

#Value Research Ratings

+ ICRA mfAAA and mfA1+ Rating Methodology for Birla Sun Life Floating Rate (Short Term & Long Term) and Birla Sun Life

Cash Plus Respectively

* AAAf: CRISIL AAAf Rating Methodology for Birla Sun Life Savings Fund, Birla Sun Life Income Plus, Birla Sun Life Cash

Manager, Birla Sun Life Income Fund, Birla Sun Life Short Term Fund and Birla Sun Life Dynamic Bond Fund

^^Crisil CPR – Ranking Methodology & Disclaimer

Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid

funds this rating is based on the weighted average monthly returns for the last 3 and 5-year periods. In the case of debt funds

this rating is based on the weighted average weekly returns for the last 18 months and 3-year periods and in case of short-

term debt funds - weekly returns for the last 18 months. These ratings do not take into consideration any entry or exit load.

Each category must have a minimum of 10 funds for it to be rated. Effective, July 2008, we have put an additional qualifying

criteria, whereby a fund with less than Rs 5 crore of average AUM in the past six months will not be eligible for rating.Five-stars indicate that a fund is in the top 10% of its category in terms of historical risk-adjusted returns. Four stars indicate

that a fund is in the next 22.5%, middle 35% receive three stars, the next 22.5% are assigned two stars while the bottom 10%

receive one star. The number of schemes in each category is mentioned along side the categories name. Equity Diversified

(169), Equity : Index (18), Equity Tax Planning (28), Hybrid Equity Oriented (30), Hybrid: Monthly Income (34), Debt:

Medium-term (40), Gilt: Medium and Long-term (32), Gilt: Short-term (10), Debt: Ultra Short-term (42), Debt: Ultra Short-

term Institutional (49), Debt: Short-term (19), Debt: Short-term Institutional (10), Debt: Floating Rate Short-term (13),

Hybrid: Debt-oriented (17), Debt: Liquid Plus: (32), Debt: Liquid Plus Institutional:(34), Hybrid: Arbitrage (11). These Fund

Ratings are as on May 31, 2010.The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The

Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value

Research does not guarantee the accuracy.

Past Performance is no guarantee of future results www.valueresearchonline.com.

Birla Sun Life Floating Rate Fund – Short Term Plan & Birla Sun Life Floating Rate Fund – Long Term Plan: The credit risk

rating assigned to the schemes is mfAAA. The rating is the highest-credit-quality rating assigned by ICRA to debt funds.

Birla Sun Life Cash Plus: The credit risk rating assigned to the scheme is mfA1+. The highest-credit-quality short-term rating

assigned by ICRA to debt funds.Rating methodology used by ICRA is based on evaluating the inherent credit quality of the funds portfolio. As a measure of

the credit quality of a debt fund’s assets, ICRA uses the concept of ”credit scores”, based on ICRA’s assessment of credit

risk associated with each exposure of the portfolio taking into account its maturity, investment objectives and policies, its

management characteristics and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on

an ongoing basis to support its published rating opinions. Source: ICRA Ltd.

AAAf The fund’s portfolio holdings provide very strong protection against losses from credit defaults.The credit quality ratings are based on an analysis of the fund’s investment philosophy, its management, investment

strategies, operational policies and internal controls. Credit quality incorporates the credit risk of securities and the counter-

party risk involved in transactions CRISIL has developed a Credit Quality Matrix to evaluate a bond fund’s overall level of

protection against losses associated with credit default. The matrix is a set of credit factors & credit scores derived

scientifically from CRISIL’s rating default and transition rates over past ten years. Ranking source: CRISIL FundServices,

CRISIL Ltd.

Birla Sun Life Frontline Equity Fund (Plan A): CRISIL~CPR 1-In Large Cap Oriented Equity Schemes Category (29 Schemes).

Birla Sun Life Top 100 Fund: CRISIL~CPR 2 - In Large Cap Oriented Equity Schemes Category (29 Schemes)

Birla Sun Life Infrastructure Fund (Plan A): CRISIL~CPR 1 - In Thematic-Infrastructure Equity Schemes Category (12 Schemes)

Birla Sun Life Basic Industries Fund: CRISIL~CPR 1 - In Thematic - Infrastructure Equity Schemes Category (12 Schemes)

Birla Sun Life Dividend Yield Plus: CRISIL~CPR 1 -In Diversified Equity Scheme Category (68 Schemes).

Birla Sun Life Buy India : CRISIL~CPR 2 -In Diversified Equity Scheme Category (68 Schemes).

Birla Sun Life Midcap Fund (Plan A): CRISIL~CPR 2 -In Small & Mid Equity Scheme Category (24 Schemes).

Birla Sun Life Midcap Fund (Plan A): CRISIL~CPR 2 -Consistent CPR Performer - Equity (34 Schemes).

Birla Sun Life MNC Fund: CRISIL~CPR 2 -In Small & Mid Equity Scheme Category (24 Schemes).

Birla Sun Life 95 Fund: CRISIL~CPR 2 -In Balanced Scheme Category (19 Schemes).

Birla Sun Life 95 Fund: CRISIL~CPR 2 -Consistent CPR Performer - Balanced (14 Schemes).

Birla Sun Life Income Plus: CRISIL~CPR 1 - Consistent CPR Performer - Debt (13 Schemes)

Birla Sun Life Ultra Short Term Fund - Retail Plan: CRISIL~CPR 2 - In Ultra Short Term Debt Scheme Category (36 Schemes).

Birla Sun Life Cash Plus - Retail Plan: CRISIL~CPR 2 Consistent CPR Performer - Liquid (16 Schemes)

Birla Sun Life Cash Plus - Institutional Plan: CRISIL~CPR 2 - In Liquid Institutional(13 Schemes)

Birla Sun Life Cash Plus - Institutional Premium Plan: CRISIL~CPR 2 - In Liquid Super Institutional(14 Schemes)

Birla Sun Life Cash Manager - Retail Plan: CRISIL~CPR 2- In Liquid (26 Schemes)

Birla Sun Life Cash Manager - Institutional Plan: CRISIL~CPR 1 - In Liquid Institutional(13 Schemes)

Birla Sun Life Savings Fund - Retail Plan: CRISIL~CPR 2 - In Ultra Short Term Debt (36 Schemes)

Birla Sun Life Savings Fund - Instituitional Plan: CRISIL~CPR 2 - In Ultra Short Term Debt - Institutional Scheme Category (28 Schemes)

Birla Sun Life Dynamic Bond Fund: CRISIL~CPR 2 - In Debt : Short Schemes (25 Schemes)

Birla Sun Life Medium Term Plan: CRISIL~CPR 2 - In Debt : Short Schemes (25 Schemes)

Birla Sun Life Monthly Income: CRISIL~CPR 1 - In MIP Conservative Scheme Category (11 Schemes)

Birla Sun Life MIP: CRISIL~CPR 2 - In MIP Conservative Scheme Category (11 Schemes)

Birla Sun Life MIP II - Wealth 25 Plan: CRISIL~CPR 2 - In MIP Aggressive Scheme Category (21 Schemes)

Birla Sun Life MIP II - Savings 5 Plan: CRISIL~CPR 2 - In MIP Conservative Scheme Category (11 Schemes)CRISIL~Composite Performance Ranking - (CRISIL~CPR) is the relative performance ranking of mutual fund schemes

within the peer group. The criteria used for computing the ranking are AUM in excess of category cut-off limits & portfolio

disclosure and performance in case of Liquid Plans, Liquid Institutional and Debt-Short Term – Last 1 years; All other

Schemes – Last 2 years and 5 yrs CPR track record for consistent CPR Performers.Fund Ratings are as on 31 Mar ‘10. Ranking is done on the following parameters depending on scheme category.CRISIL~CPR 1 - indicates “Very Good" performance & ranks within top 10 percentile of the respective category.CRISIL~CPR 2 - indicates “Good" performance & ranks within top 11th - 30th percentile of the respective category.

Ranking Source: Crisil FundServices, CRISIL Limited

LIPPER Awards India 2010: Award Methodology & Disclaimers:

Birla Sun Life Asset Allocation Fund-Moderate Plan-Growth: Best Fund over past 3 year period (2006-2009) and 5 year

period (2004-2009) No. of Schemes: 6; Classification-Mixed Asset INR Balanced.The award is based on Consistent Return (Effective Return) value over the relevant performance period. Entry/Exit load not

considered. For further details on methodology, please refer www.lipperweb.com. Past Performance is no

guarantee of future results. Ranking source: Lipper - A Reuter Co.

&Lipper Awards India 2010 - Award Methodology & Disclaimers:

Lipper World Ranks for 1yr ,5yrs ,10yrs & 13 yrs Time Periods ended Sept'09 and Lipper Ranking Methodology and

Disclaimer: Lipper World Ranking for 1yr ,5yrs ,10yrs & 13 yrs Time Periods ended Sept'09: Birla Sun Life Tax Relief '96-

1yr: Ranked 1219 out of 28937 Equity funds with 38.65% CAGR. 5yr: Ranked 315 out of 16438 Equity funds with 22.99%

CAGR. 10yrs: Ranked 46 out of 7740 Equity funds with 24.94% CAGR. 13yr: Ranked 1st out of 3006 Equity funds with

35.33% CAGR.

Lipper Ranking Methodology and Disclaimers: Birla Sun Life Tax Relief '96 is ranked as World's Best-Performing Equity

Fund & has secured the 1st rank among “Equity funds” as per Lipper global fund data for its 13 yr performance. Category

considered for all the above rankings: Equity funds as per Lipper global fund data. The above rankings by Lipper are based

on annualized returns, denominated in INR, for said time periods i.e 30 Sept '08 to 30 Sept '09, 30 Sept '04 to 30 Sept '09, 30

Sept '99 to 30 Sept '09 and from 30 Sept '96 to 30 Sept '09 for 1,5,10 & 13 yr ranks respectively. These are based on a

customized report which highlight the top performing equity funds in the world during the year 2009(with minimum track

record of respective time period considered as of Sept '09) & excludes ETFs & close ended funds. Loads & Taxes not

considered. Past Performance is no guarantee of future results. Data source: Lipper, a Thomson Reuters Company-

www.lipperweb.com

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

BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD. BRANCHES

Disclaimer: Any information contained in this publication does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entityand further, Birla Sun Life Asset Management Company Ltd.(BSLAMC)/ its subsidiaries / affiliates / sponsors / trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liabilitywhatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication from time to time. Recipients of the information contained herein should exercise due careand caution and read the all the scheme related documents (including if necessary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on thebasis of the information contained herein.Editorial opinions expressed in the 'Connect' are not necessarily those of BSLAMC or any of their officers, employees, personnel, directors and BSLAMC and its officers, employees, personnel, directors do not acceptresponsibility for the editorial content. BSLAMC or any of its officers, employees, personnel, directors make no representation as to the accuracy, completeness or reliability of the editorial content and hereby disclaim anyliability with regard to the same.

Statutory Details: Constitution: Birla Sun Life Mutual Fund (BSLMF) has been set up as a Trust under the Indian Trust Act, 1882. Sponsors: Aditya Birla Financial Services Private Limited and Sun Life (India) AMC Investments Inc. (liabilityrestricted to seed corpus of Rs. 1 Lac). Trustee: Birla Sun Life Trustee Company Pvt. Ltd. Investment Manager: Birla Sun Life Asset Management Company Ltd.Risk Factors: Mutual Funds and securities investments are subject tomarket risks and there can be no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme may go up or down dependingon the various factors and forces affecting capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Schemes and may not necessarilyprovide a basis of comparison with other investments. The names of the Schemes do not, in any manner, indicate either the quality of the Schemes or their future prospects or returns. Unitholders in the schemes are not being offeredany guaranteed/assured returns. Investors should read the Statement of Additional Information / Scheme Information Document/ Key Information Memorandum available at Investor Service Centers and with distributors carefully before investing.The Material provided in the Connect cannot be reproduced or quoted anywhere without express permission from Birla Sun Life Asset Management Company Ltd.

ALLAHABAD : 0532 - 2427015 / 3201661

AMBALA : 0171 - 2601345

AMRAVATI : 0721 - 6451692

ANAND : 02692 - 247260

BANGALURU (Jayanagar) : 080 - 41555000

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Parameters Scheme CategorySuperior Return Score Large Cap Oriented Equity, Thematic - Infrastructure Equity, Diversified Equity, Small and Midcap,

ELSS, Balanced, Debt, MIP (Aggressive & Conservative), Gilt-Long and Consistent CPRPerformers – Equity, Balanced and Debt

Mean Return and Volatility Debt-Short, Ultra Short Term Debt, Liquid, Liquid Institutional & Liquid Super Institutional andConsistent CPR Performers - Liquid

Portfolio Concentration Analysis All SchemesLiquidity Analysis All SchemesAsset Quality Debt SchemesAverage Maturity Debt SchemesDownside Risk Probability Debt- Short Term, Liquid, Ultra Short Term Debt, Liquid- Institutional & Super InstitutionalAsset Size Debt- Short Term, Liquid, Ultra Short Term Debt, Liquid- Institutional & Super InstitutionalHistoric performance on CRISIL~CPR Consistent CPR Performer – Equity, Balanced, Debt and Liquid categories

J u n e 2 0 1 0

50

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