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4th Floor, Industrial Assurance Bldg., Opp. Churchgate Station, Mumbai 400 020. Tel. : 22812038 Fax : 22880633 E-mail: [email protected] visit us at www.licmutual.com

Statutory Details: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. LIC Mutual Fund Asset Management Co. Ltd. is the Investment Manager to the Fund. RISK FACTORS: Mutual Funds and Securities investments are subject to market risks and there is no assurance and no guarantee that the objectives of the Mutual Fund will be achieved. As with any investment in stocks and shares, the NAV of the units issued under the scheme can go up or down depending on the factors and forces affecting the securities markets. The Sponsor is not responsible for or liable to any loss resulting from the operations of the scheme beyond their initial contribution of Rs. 2 Crore towards the setting up of the Mutual Fund. Past performance of the Sponsor/AMC/Mutual Fund does not indicate the future performance of the schemes of the Mutual Fund. The NAV of units of the scheme may be affected by changes in general level of interest rates. Please read the scheme information document carefully before investing.

Investment Manager:

PLACE ADDRESS LANDLINE MOBILE

AHMEDABAD Jeevan Sadan, 3rd Flr, LIC Bldg, Opp. Capital Commercial Center, 9328638838

BANGALORE No.4, Canara Mutual Building (Opp. Cash Pharmacy), 2nd Floor, Residency Road, BANGALORE-560025. 080-22210180 / 22295598 9845172957 / 9972092957 / 9986500721

BHUBANESHWAR OCHC Building, Ground Floor, 24-Janpath, Unit-3, BHUBANESHWAR-751001. 0674-2390694 9438132162 /9438081037 /9438526420

CHENNAI 15, Anna Salai, Next to V.G.P. Bldg., CHENNAI - 600002. 044-28411984 / 28555883 9382315850 / 9940286305 /9962526278

DEHRADUN 110, Tagore Villa, Chakrata Road, DEHRADUN - 248 001 0135 - 2650749 9410702598 / 9412039057 /9410702598

ERNAKULAM 11th Floor, Jeevan Prakash, M.G. Road, Ernakulam, KOCHI - 682011 0484-2367643 9895036554 / 9745612888 / 9946710555

GOA T 9/10, 3rd floor, Alfran Plaza, Opp. Don Bosco High School, M. G. Road, Panaji, GOA-403001. 0832-2420561 9421151400 / 9890711551 /9370643076

GUWAHATI LICMF AMC Ltd., C/o LIC of India, Jeevan Deep Building, M. L. Nehru Road, Panbazar, GUWAHATI -781 001 0361 - 2735323 9435040478 / 9864152899

HYDERABAD LIC Mutual Fund, House No. 5-9-57, 4th Floor, Jeevan Jyoti Building, Basheerbagh, HYDERABAD - 500029. 040-23244445 / 23210572 9392471583 / 9000444850 / 9000550850

INDORE U.V. Business Centre, 1st Floor, Snehil 9/1-A South Tukoganj, INDORE - 452001. 0731-2520262 / 4069162 9753242050 / 94258701269981511435

JAIPUR 327 - A, 3rd floor, Ganpati Plaza, M. I. Road, JAIPUR - 1. 0141-5112620 9460873120 / 9829098323 / 9929095005

KANPUR Jeevan Vikas, 16/98, M.G. Road, KANPUR - 208001. 0512-2360240 / 3244949 9839923499 / 9984006600 /9838038440 / 9389052340 /9889085736

KOLKATA Ground Floor, Hindustan Building Annexe, 4, Chittaranjan Avenue, KOLKATA - 700072. 033-22129455 / 65290605 9432128113 / 9830689965 /9831983005 / 9051068127 / 9474424374 / 9339531895

LUCKNOW 7th Floor, Jeevan Bhavan 2, Naval Kishore Road, Hazrat Ganj, Lucknow - 226 001 0522-2231186 / 4045203 9415060134 / 9453016072

LUDHIANA LICMF AMC LTD., Rm No. 102-103, 1st Fl, S.C.O. 18, Opp. Stock Exch., Feroze Gandhi Mkt, Ludhiana-141 001. 0161 - 2405805 / 2405806 9814703558 / 9872106060

MADURAI C/o LIC of India, D.O., Near SDM Secretariat, Bridge Station road,Sellur, Madurai - 625 002 0452 - 2535105 9442109039

MANGALORE LICMF AMC Ltd., No. 6, Gr. Floor, Popular Building, K S Rao Road, Managalore - 575 001 0824 - 2411482 9845190466 / 9980950466 /9845758228

MUMBAI - I LIC Mutual Fund, 5th Floor, Industrial Assurance Bldg., Opp. Churchgate Station, MUMBAI - 400020. 022-22885971 / 22817162 / 63 9324543832 / 9320762764 / 9004664110 / 9820137844 /

9930957772 / 9892550455 /9870775600

MUMBAI - II 103, First Floor, A Wing, BSEL Tech Park, Opp. Vashi Railway Station, Navi Mumbai - 400 705. 022-2781 2522 9820002994 / 9702882224 / 9371617717 / 9619365895 /

9595977222

NAGPUR LIC Mutual Fund AMC Limited, Jeevan Seva Bldg., Mount Road, Sadar, Nagpur - 440 001. 0712 - 2542497 9422113800 / 9975724030 /9922402272

NASHIK Shop No.2, Ground Floor, Rajvee Enclave, New Pandit Colony, NASHIK - 422002. 0253-2579507 9922996155 / 9823366379

NEW DELHI 7th Floor, Jeevan Prakash, 25 K.G. Marg, NEW DELHI - 110001. 011-23359190/23314396 9716481681 / 9818610867 / 9818630124 / 9818191263 /9891736008 / 9871814850

PATNA Ground floor, Jeevan Jyothi Bldg. Exhibition Road, PATNA - 800001. 0612-2501157/6452757 9470610695 / 9431023274 /9472082999

PUNE C/o LIC of India, Pune D.O.-I,6/7, Shivaji Nagar,University Road, Pune - 411 005 020 - 25537301 9822474487 / 9325523480 /9767868611

RAIPUR SF-22-23, Millennium Plaza, Near Indian Coffee House, G.E. Road, RAIPUR - 492001 C.G. 0771-2236780/4051137 9329731077 / 9329100009 /9407646661

RANCHI Narsaria Tower, 2nd Floor, Opp. Lalpur Police Station, Post Lalpur, RANCHI -834001. 0651-2206372 9470524099 / 9835197681 /9334478058

AHMEDABAD - 380006. 079-26588301 / 65431989 9375090006 / 9924403147 /

Mobile No. Mobile No. Mobile No. Mobile No.AGARTALA : 9856027836AHMEDNAGAR : 9422238925ALLAHABAD : 9918971258AGRA : 9927888854AJMER : 9829077674ALAPUZHA : 9447367160AMRITSAR : 9814299747AMRAVATI : 9923797207AURANGABAD : 9422728151BALASORE : 9438803546BANKURA : 9378330300BEGUSARAI : 9905816354BEHRAMPORE : 9861546580BELGAUM : 9845205168BELLARY : 9980830179BILASPUR : 9301982280BHILAI : 9303808855BHOPAL : 9302441980BHAGALPUR : 9431609765BHILWARA : 9829287273BIKANER : 9829791132BOKARO : 9955189443BURDWAN : 9831712244

BUSINESS CENTREName of Place Name of Place Name of Place Name of Place

AREA OFFICES

CALICUT : 9349739890CHANDIGARH : 9316065681CHANDRAPUR : 9372941955COIMBATORE : 9282216891DALTONGANJ : 9162780200DEOGHAR : 9430155378DHANBAD : 9835334495GAYA : 9334118071GORAKHPUR : 9336833448GULBARGA : 9900144196GURGAON : 9654228220GWALIOR : 9406586454HALDWANI : 9839976747HASSAN : 9986125091HUBLI : 9880058223JABALPUR : 9407606313JAGDALPUR : 9303354452JALANDHAR : 9779966466JALGAON : 9422211343JAMMU : 9419213201JAMNAGAR : 9825412482JAMSHEDPUR : 9234620669JHANSI : 9760016559

JODHPUR : 9829947974KARIMNAGAR : 9000444853KARWAR : 9535484475KHARAGPUR : 9475883009KOTTAYAM : 9349374220KOTA : 9829905879KOLHAPUR : 9822851948MADGAON : 9673682722MADIKERI : 9886028217MALDA : 9836237434 /

9851955023MEERUT : 9319267811MYSORE : 9986117183MUZAFFARPUR : 9431813155NANDED : 9822203503NELLORE : 9000444854NOIDA : 9811108744PANIPAT : 9996006023PATIALA : 9888710200PURNEA : 9939491090RAIGARH : 9302784008RAJAHMUNDRY : 9000171857RAJKOT : 9898733233

SAMBALPUR : 9937040031SALEM : 9944744424SATARA : 9321452045SATNA : 9300757593SHADOL : 9303822916SHIMLA : 9318960005SHIMOGA : 9902007686SURAT : 9978862626

9925027406SILIGURI : 9832010008THANE : 9320180806THIRUVELVELI : 9655505105THRISSUR : 9388110220TRICHY : 9842524130TRIVANDRUM : 9388088066UDAIPUR : 9784011432UDUPI : 9611111028VADODARA : 9327494916VARANASI : 9336501004VISHAKHAPATNAM : 9000444851VIJAYWADA : 9000444856WARANGAL : 9000171858

Watch yourinvestmentsoar with

April, 2010

www.licmutual.com

• Investment Objective: An open ended pure Growth scheme seeking to provide capital growth by investing mainly in equity

instruments and also in debt and other permitted instruments of capital and money markets. The investment portfolio of the scheme will be

constantly monitored and reviewed to optimize capital growth. • Asset Allocation Pattern: Equity/Equity Related: Up to 100%,

Debt/Money Market: Up to 20%. • Options: The Scheme has to two options viz Dividend and Growth. Under Dividend option the investor

can choose either dividend payout or reinvestment. • Sale Price: At applicable NAV on all Business Days. • Entry Load: Nil

• Exit Load: 1% if exit within 1 year from the date of allotment of units. • Liquidity: The scheme has no lock-in period. Units for

repurchase will be available on an ongoing basis, on all Business Days. • Tax Benefits: Capital Gains Tax Benefits u/s 48 and 112 of the

Income Tax Act, 1961 are available. • Minimum Investment: Rs. 2000/- & thereafter in multiples of Re. 1/-.

Risk Factors: Mutual Fund and Securities Investments are subject to market risks and there is no assurance and no guarantee that the objectives of the Mutual Fund will be achieved. As with any investment in securities and shares, the NAV of the units issued under the scheme can go up or down depending on the factors and forces affecting the securities markets. Past performance of the Sponsor / AMC / Mutual Fund does not indicate the future performances of the schemes of the Mutual Fund. The Sponsor is not responsible for or liable to any loss resulting from the operations of the scheme beyond their initial contribution of Rs. 2 Cr towards the setting up of the Mutual Fund. LICMF Growth Fund is the name of the scheme and does not indicate either the quality of the scheme, its future prospects or returns. The NAV of the units of the scheme may be affected by changes in general level of interest rates. Please read the scheme information document carefully before investing. Statutory Details: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. LIC Mutual Fund Asset Management Company Ltd. is the Investment Manager to the Fund.

MUTUAL INTEREST2 15MUTUAL INTEREST

LICMF UNIT LINKED INSURANCE SCHEME An Open-ended Insurance linked Tax Saving Scheme

EQUITY PORTFOLIO (as on 31/03/2010)

TOTAL FUND (as on 31/0 /2010) : Rs. Lakh3 10775.98

NAV (Rs.) as on 31/03/2010 : 9.5886

Last 1 year 32.28%Last 3 years 5.50%Since Inception 11.82%Benchmark (C BalanceEx) Return (Last 1 year) 47.70%

ANNUALISED RETURNS

(Past Performance may or may not be Sustained in Future)

Holdings Rating Market Value(Rs. in Lakhs)

Equity S B I 1018.71BHARTI TELEVENTURE 748.56H D F C 623.96L & T 601.75TATA POWER 513.74JAIPRAKASH ASSOCIATES 469.48R I L 429.86B H E L 405.53POWER GRID CORPORATION OF INDIA 348.24CIPLA 303.39TATA TEA 293.88RELIANCE COMMUNICATION 256.05G A C L 239.30SIEMENS 222.17G A I L 184.41O N G C 153.79TATA MOTORS 151.14N M D C 138.25TATA CONSULTANCY SERVICES 117.12PUNJAB NATIONAL BANK 81.08JUBILANT ORGANOSYS 100.00

TOTAL - EQUITY 7400.38

DEBT PORTFOLIO (as on 31/03/2010)

Holdings(Rs. in Lakhs)

Rating Market Value

DebtPUNJ LLOYD AA 1336.93SHRIRAM TRANSPORT FINANCE AA 229.70DECCAN CHRONICLE AA 216.49RELIANCE CAPITAL AAA 420.14

TOTAL - DEBT 2203.26Commercial Paper 0.00

TOTAL - Commercial Paper 0.00

Cash ‘n’ Call, Current Assets & Receivables 1172.34

Avg. Maturity (in years) : 1.93

Avg. Duration (in years) : 1.73

PORTFOLIO (as on 31/03/2010)

TOTAL FUND (as on 31 ) : Rs. Lakh/03/2010 521632.38

Bonds / DebenturesMUNDRA PORT & SEZ AA 27500.00RELIANCE CAPITAL AAA 15000.00I C I C I BANK AAA 1500.00RANBAXY HOLDING A1+ 50000.00VIDEOCON INDUSTRIES F1 20000.00BHUSHAN POWER AND STEEL PR1 20000.00RELIANCE CAPITAL AAA 15000.00TRAPTI TRADING & INVESTMENT A1+ 11000.00ALOK INDUSTRIES PR1+ 10000.00SIVA VENTURES PR1+ 10000.00BAJAJ HINDUSTAN F1 10000.00ARCH PHARMALABS PR1+ 10000.00BHUSHAN STEEL & STRIPS PR1 10000.00TGS INVESTMENT & TRADE A1+ 7500.00MAGMA FINCORP PR1+ 7500.00ARCH PHARMALABS F1 7500.00MAGMA LEASING AA- 7000.00TURQUOISE INVESTMENT P1+ 5000.00ARCH PHARMALABS A1 4500.00COX AND KINGS PR1 2500.00JINDAL STEEL & POWER AA 2500.00SHRIRAM TRANSPORT FINANCE AA 800.00Commercial PaperINDIABULLS FINANCIAL SERVICES P1+ 56869.93RELIGARE FINVEST A1+ 56504.51RELIGARE SECURITIES P1+ 38148.12MUNDRA PORT & SEZ A1+ 28441.52JAIPRAKASH ASSOCIATES PR1 28125.23ESSAR STEEL F1 28065.37ERA INFRA ENGINEERING PR1 18915.34RELIANCE CAPITAL A1+ 18853.12H C C PR1+ 16560.86TELEVISION EIGHTEEN A1+(SO) 9630.88ADLABS FILMS A1+ 9607.67RELIANCE MEDIA WORKS A1+ 9499.02EXIM P1+ 9469.70RELIANCE MEDIA WORKS A1 9457.12IL&FS INFRSTUCTURE LEASING A1+ 9444.31SAPOORJI PALLONJI A1+ 9435.43BOMBAY RAYON FASHIONS PR1 9433.96RELIANCE COMMUNICATION PR1+ 9416.32MERCATOR LINES PR1+ 9391.24FUTURE CAPITAL HOLDINGS PR1+ 9391.24BHUSHAN POWER AND STEEL F1+(SO) 9382.45TATA MOTORS FINANCE A1 9351.84AFCONS INFRASTRUCTURE P1+ 4717.72ICICI SECURITIES P1+ 4717.72PATEL ENGINEERING PR1+ 4702.23BILT GRAPHIC PAPER F1+ 4667.23BHARAT HOTELS PR1+ 2817.37SP FABRICATORS P1 2810.79BHARAT FORGE A1+ 2440.49RAYMOND PR1+ 2439.84KEC INTERNATIONAL A1+ 2425.25PUNJ LLOYD PR1+ 2342.73J K PAPER A1 2317.43


Expense Ratio (as on 31/03/2010) : 0.52%

NAV (Rs.) as on 31/03/2010

Daily Dividend : 10.0000 Weekly Dividend : 10.0047Monthly Dividend : 10.0481 Growth : 12.3640

LICMF INCOME PLUS FUNDAn Open-ended Debt Scheme

DIVIDEND RECORD

Year Rate1989-90 12.50%1990-91 13.00%1991-92 13.50%1992-94 (18 months) 15.00%1994-95 7.50%1996-97 6.00%1997-98 10.00%1999-00 10.00%

Year Rate2001-02 10.00%2002-03 7.50%2003-04 17.00%2004-05 20.00%2005-06 28.00%2006-07 44.00%2007-08 30.00%2008-09 0.00%

Jul-08 0.07880000 0.08860000 0.07910000Aug-08 0.07820000 0.07560000 0.07870000Sep-08 0.08850000 0.09690000 0.08890000Oct-08 0.09410000 0.08220000 0.09450000Nov-08 0.07390000 0.07850000 0.07510000

Dec-08 0.08630000 0.09820000 0.09370000Jan-09 0.07070000 0.05430000 0.07080000Feb-09 0.05580000 0.05660000 0.05590000Mar-09 0.06120000 0.06460000 0.06140000Apr-09 0.03920000 0.03839740 0.03920000May-09 0.04840000 0.04490000 0.04800000Jun-09 0.05200000 0.05690000 0.05220000Jul-09 0.05070000 0.04670000 0.05070000Aug-09 0.04070000 0.04650000 0.04090000Sep-09 0.04230000 0.04020000 0.04250000Oct-09 0.03850000 0.03500000 0.03850000Nov-09 0.04010000 0.03670000 0.04010000Dec-09 0.04160000 0.03880000 0.04160000Jan-10 0.03810000 0.03840000 0.03820000Feb-10 0.03610000 0.03340000 0.03610000Mar-10 0.04810000 0-04860000 0-0481000

Month Daily Weekly Monthly



Avg. Maturity (in months) : 5.65Avg. Duration (in months) : 5.37

Expense Ratio (as at 31 ) : 2.2 % /03/2010 5

Last 1 year 5.29%Since Inception 7.76%Benchmark (C Fund ~ LX) Return - last 1 year 3.68%

ANNUALISED RETURNS


DIVIDEND DECLARED

E I D PARRY P1+ 1895.11NATIONAL ENGINEERING INDUSTRIES LTD PR1+ 1461.74ELECON ENGINEERING COMPANY PR1+ 1330.49NRB BEARING P1+ 975.94Certificate of DepositI D B I BANK A1+ 9471.07Bank DepositsALLAHABAD BANK 30000.00UNION BANK OF INDIA 10000.00

Cash ‘n’ Call, Current Assets & Receivables -238095.92

Money Mkt.10.88%

Debt 20.45%

.

Equity68.67%

Vide Press Release dated 19th March 2010 Fitch Ratings has revised the National rating of LIC Liquid Fund to 'AAAmmf(ind)' from 'AA(ind)', following the implementation of the agency's new National Money Market Funds Rating Criteria and rating scale (For further information, please see the criteria report entitled, 'National Scale Money Market Fund Rating Criteria', dated 15 March 2010, which is available at www.fitchratings.com).

The 'AAAmmf(ind)' rating reflects the fund's extremely strong capacity to achieve its investment objectives in preserving principal and providing shareholder liquidity through limiting exposure to credit, market and liquidity risks, relative to all other short-term investments in India.

LIC Liquid Fund investment guidelines ensure Weighted Average Days to Final Maturity (WAMF) as well as Weighted Average days to Interest Rate Reset (WAMR) to remain below 120 days and 60 days, respectively. As of 28 February 2010, the fund's WAMF was 24 days and WAMR was 15 days. Securities rated 'AAA(ind)'/'AA+'/'AA(ind)'/'F1+(ind)' or equivalent, constitutes more than 90% of the portfolio, while the minimum credit rating of the securities held was 'F1(ind)' or equivalent. Fitch notes that the credit quality of the fund has improved over the last 12 months. The fund's investor base is adequately diversified.

Fitch has considered the fund's investment policies, management capability and commitment, risk management procedures and supporting controls in ensuring consistency with management's objectives.

Fitch's National Money Market Fund Ratings for India are assigned on a scale of 'AAAmmf(ind)' through 'Bmmf(ind)' on a rating scale similar to that of Fitch's National Long-term credit ratings and are not internationally comparable.

Applicable Criteria available on Fitch's website at www.fitchratings.com and www.fitchindia.com 'National Scale Money Market Fund Rating Criteria' published on 15 March 2010.

All Fitch Credit Ratings are subject to certain Limitations and Disclaimers. Please read these Limitations and Disclaimers by following this link: http://fitchratings.com/understandingcreditratings.

RATING OF LICMF LIQUID FUND

NAV Date Sensex NAV Monthly Accumulated Units Unit Value of Return BenchmarkLevel SIP Investment Purchase Accumulated Investment SIP Return

4-Mar-08 18663.16 11.0832 1,000 1,000 90.23 90.23 1,000.00 0.00 0.004-Apr-08 16542.08 10.0982 1,000 2,000 99.03 189.25 1,911.13 -4.44 -11.374-May-08 15343.12 11.2190 1,000 3,000 89.13 278.39 3,123.24 4.11 -17.794-Jun-08 17490.90 9.8582 1,000 4,000 101.44 379.83 3,744.41 -6.39 -6.284-Jul-08 15769.72 8.8153 1,000 5,000 113.44 493.27 4,348.29 -13.03 -15.504-Aug-08 13454.00 9.8312 1,000 6,000 101.72 594.98 5,849.40 -2.51 -27.914-Sep-08 14961.07 9.8901 1,000 7,000 101.11 696.09 6,884.44 -1.65 -19.844-Oct-08 14483.83 8.4856 1,000 8,000 117.85 813.94 6,906.78 -13.67 -22.394-Nov-08 12526.32 7.1614 1,000 9,000 139.64 953.58 6,828.96 -24.12 -32.884-Dec-08 10120.01 6.2547 1,000 10,000 159.88 1,113.46 6,964.35 -30.36 -45.784-Jan-09 8965.20 6.9895 1,000 11,000 143.07 1,256.53 8,782.52 -20.16 -51.964-Feb-09 10275.60 6.3001 1,000 12,000 158.73 1,415.26 8,916.27 -25.70 -44.944-Mar-09 9090.88 5.7785 1,000 13,000 173.06 1,588.31 9,178.07 -29.40 -51.294-Apr-09 8197.92 6.9624 1,000 14,000 143.63 1,731.94 12,058.47 -13.87 -56.074-May-09 10348.83 8.0219 1,000 15,000 124.66 1,856.60 14,893.46 -0.71 -44.554-Jun-09 12131.08 10.6914 1,000 16,000 93.53 1,950.13 20,849.66 30.31 -35.004-Jul-09 15103.55 10.8333 1,000 17,000 92.31 2,042.44 22,126.38 30.16 -19.074-Aug-09 14913.05 10.9927 1,000 18,000 90.97 2,133.41 23,451.95 30.29 -20.094-Sep-09 15903.83 11.0041 1,000 19,000 90.88 2,224.29 24,476.27 28.82 -14.784-Oct-09 15689.12 11.8458 1,000 20,000 84.42 2,308.70 27,348.45 36.74 -15.944-Nov-09 16866.41 10.9591 1,000 21,000 91.25 2,399.95 26,301.32 25.24 -9.634-Dec-09 16063.90 11.8509 1,000 22,000 84.38 2,484.33 29,441.60 33.83 -13.934-Jan-10 17101.54 12.1925 1,000 23,000 82.02 2,566.35 31,290.25 36.04 -8.374-Feb-10 17686.24 11.4941 1,000 24,000 87.00 2,653.35 30,497.91 27.07 -5.234-Mar-10 16971.70 11.8271 1,000 25,000 84.55 2,737.90 32,381.44 29.53 -9.061-Apr-10 17692.62 12.1889 1,000 26,000 82.04 2,819.94 34,372.01 32.20 -5.20

Total 2,819.97

Mr. A’s

Equity markets have thrown open various opportunities for investments since its lowest in 2009. It is during this time that a disciplined approach towards investments in equities reaps benefit. Have a look at Mr.A's investment through SIP of Rs.1000 every month in the growth option shown in the table below.

S I P Series 4 - LICMF GROWTH FUND : Invest Smartly

Having invested an amount of Rs.1000/- per month for 26 months starting from March 08 has helped to accumulate more units as compared to the lump-sum investment of Rs.26000/- due to volatility of equity market thereby reducing the cost. Hence, total units of 2,819.97 accumulated through SIP at the current NAV of Rs.12.1889 fetched Rs.34,372.01 or 32.20% returns with investment of Rs.26000. The lump-sum investment of Rs.26000 on 4th March 2008 would give return of around 10%.

Mutual Fund Investments are subject to market risks. Please read the scheme information document carefully before investing. Past performance may or may not be sustained in future.

FITCH REVISES LICMF LIQUID FUND'S RATING TO 'AAAMMF(IND)'


LICMF GROWTH FUNDAn Open-ended SchemeGrowth

PORTFOLIO (as on 31/03/2010) PORTFOLIO (as on 31/03/2010)


Expense Ratio (as on 31 ) : %/03/2010 1.45

Last 1 year 83.87%Last 3 year 6.72%Since Inception 9.27%Benchmark (Sensex) Return - last 1 year 80.54%

ANNUALISED RETURNS


Holdings Mkt. Value(Rs. Lakh)


EquityR I L 655.54L & T 569.22I T C 518.41O N G C 483.34S B I 447.67I C I C I BANK 390.61H D F C BANK 358.87B H E L 292.17H D F C 230.59RELIANCE INFRASTRUCTURE 229.62BHARTI TELEVENTURE 210.53B E M L 157.81TATA CONSULTANCY SERVICES 156.16G A I L 150.93ZEE TELEFILMS 150.42T I S C O 149.29WIPRO 141.36POWER TRADING CORPORATION OF INDIA 138.44INDIA CEMENTS 131.80A B B 124.53HUL 123.70DLF 123.56JAIPRAKASH ASSOCIATES 119.72IDEA CELLULAR 114.54S A I L 110.79VOLTAS 107.33INDIAN BANK 105.48BALARAMPUR CHINI MILLS LTD. 92.25SIEMENS 88.87PUNJ LLOYD 88.70ANDHRA BANK 86.48ADITYA BIRLA NUVO 77.24TATA CHEMICALS 77.00INFRASTRUCTURE DEVELOPMENT FINANCE 72.50TATA MOTORS 71.79I D B I 71.36ALLAHABAD BANK 71.25RANBAXY LABORATORIES 71.24RELIGARE ENTERPRISES 70.90GRASIM INDUSTRIES 70.34N T P C 69.40STERLITE INDUSTRIES 67.80V S N L 67.73UNION BANK OF INDIA 67.38ORIENTAL BANK OF COMMERCE 64.17MERCATOR LINES 55.65ESSAR SHIPPING 55.46PETRONET LNG 53.20DR REDDYS LABORATORIES 51.07H P C L 47.77H C L TECHNOLOGIES 45.77HINDALCO 45.43PUNJAB NATIONAL BANK 44.59INFOSYS TECHNOLOGIES 43.07SYNDICATE BANK 43.03RELIANCE COMMUNICATION 42.68TATA POWER 41.18HERO HONDA MOTORS 38.85KOTAK MAHINDRA BANK 37.45NDTV Ltd 36.63SUN PHARMACEUTICALS 35.79ULTRA TECH CEMCO 34.69S C I L 33.94IVRCL INFRASTRUCTURES & PROJECTS 33.08MUNDRA PORT & SEZ 31.61AREVA T & D INDIA 30.47IRB INFRASTRUCTURE DEVELOPERS 29.09SUZLON ENERGY 28.76JINDAL STEEL & POWER 28.09M & M 26.44AXIS BANK 23.38N H P C 22.65OIL INDIA 19.99NEYVELI LIGNITE CORPORATION 16.31UNITECH 14.68

LICMF TAX PLANAn Open-ended ELSS


DIVIDEND HISTORY

Month DividendMar-04 20.00%Mar-05 30.00%Aug-05 10.00%Mar-06 20.00%Oct-06 25.00%May-07 10.00%Oct-07 15.00%


Expense Ratio (as on 31 ) : 2.16%/03/2010



Holdings Mkt. Value %

(Rs. Lakh) ContributionEquityR I L 300.90I T C 235.43S B I 222.45O N G C 208.72L & T 197.19H D F C 162.77I C I C I BANK 161.96RELIANCE INFRASTRUCTURE 149.75H D F C BANK 135.28BHARTI TELEVENTURE 130.52TATA CONSULTANCY SERVICES 124.93IDEA CELLULAR 117.81HUL 107.42B H E L 107.35NDTV Ltd 83.27ADITYA BIRLA NUVO 78.70T I S C O 73.39V S N L 70.10KOTAK MAHINDRA BANK 63.89DLF 63.32RELIANCE COMMUNICATION 61.09WIPRO 60.08A B B 58.11M U L 56.19RELIGARE ENTERPRISES 55.87CENTURY TEXTILES 53.74CONCOR 51.55INDIAN BANK 43.95GRASIM INDUSTRIES 42.21ZEE TELEFILMS 40.29INFRASTRUCTURE DEVELOPMENT FINANCE 40.28S A I L 38.33TATA MOTORS 37.79ALLAHABAD BANK 35.63STERLITE INDUSTRIES 33.90INDIA CEMENTS 32.95G A I L 32.80ANDHRA BANK 32.43SUZLON ENERGY 32.36JAIPRAKASH ASSOCIATES 30.68I O C L 29.68JINDAL STEEL & POWER 28.09UNION BANK OF INDIA 26.37DR REDDYS LABORATORIES 25.54RANBAXY LABORATORIES 23.75BALARAMPUR CHINI MILLS LTD. 23.06MUNDRA PORT & SEZ 22.92H C L TECHNOLOGIES 22.92PUNJAB NATIONAL BANK 20.55NALCO 20.32HERO HONDA MOTORS 19.43VOLTAS 17.73I D B I 17.25SIEMENS 14.81UNITECH 14.68TATA POWER 13.73H P C L 12.74N H P C 10.25

Holdings Market Value(Rs. in Lakhs)

Last 1 year

Last 3 years 4.09%

Since Inception 8.45%

Benchmark (Sensex) Return Last 1 year 80.54

64.05%

%

ANNUALISED RETURNS

DIVIDEND HISTORYMonth Dividend

Oct-07 15.00%

NAV (Rs.) as on 31/03/2010: DIVIDEND: 10.7529; GROWTH: 12.1241

NAV (Rs.) as on 31/03/2010; Dividend: 9.8006; Growth: 27.3731

Money Mkt.3.99%

Equity96.01%

Money Mkt.4.82%

Equity95.18%

INDIAN HOTELS 13.33VIJAYA BANK 11.84JET AIRWAYS (INDIA) 11.14A C C 9.50POWER GRID CORPORATION OF INDIA 8.48G A C L 5.09INDIABULLS POWER 4.88ELDER PHARMACEUTICALS 2.88JUBILANT ORGANOSYS 100.00PRADIP OVERSEAS 47.46Total Equity 9144.18Debt 0.00Total - Debt 0.00Commercial Paper / Bank Deposit 0.00Cash ‘n’ Call, Current Assets & Receivables 463.02

OIL INDIA 7.26VIJAYA BANK 7.10INDIABULLS POWER 5.24INDIAN HOTELS 5.13G A C L 5.09JUBILANT ORGANOSYS 50.00PRADIP OVERSEAS 15.19Total Equity 4124.14Debt Total - Debt 0.00Commercial Paper / Bank Deposit 0.00Cash ‘n’ Call, Current Assets & Receivables 171.35

Market Review

DEBT REVIEW :

Money market was easy and the call rates were soft through out the month on account of ample cash with the Bank & improved liquidity condition except at the end of the month. Call rates traded at 2.25 –5.75 % and CBLO at 3% to 4.95% at the end of the month.10-year GSEC yield as on March 30 was 7.73% compared to 7.86% at month ago.

Headline inflation, as measured by the wholesale price index, has risen to 9.89 per cent for February from a low of 1.34 per cent in October last year, led by high food prices. Food inflation fell to 16.30 per cent for the week ended March 6 on easing prices of pulses and vegetables, but fuel inflation shot up to 12.68 per cent. The rise in fuel prices is as a result of the budgetary announcement of a hike in excise and customs duty on petrol and diesel.

The Reserve Bank of India raised the two policy interest rates — the repo and the reverse repo rates — by an identical 0.25 percentage point. The repo rate, the rate at which banks borrow from the central bank, is now 5 per cent while the reverse repo rate, the rate at which banks deposit their surplus with the central bank, is 3.50 per cent.

The 63 per cent of Government borrowing from budgeted Rs 457143 Crores will be completed by the September, which will help corporates and institutions to raise fund and have better access to external commercial borrowing.

In order to achieve the targeted levels for GDP growth and fiscal deficit, there is very close possibility of first curbing inflation through rate hikes. Liquidity in the financial market would continue to be at comfortable levels during the coming period though the rate hikes are expects. However, the G-Sec yields would continue to be range bound.

EQUITY MARKET:

The bulls were back with a bang in fiscal FY'10, offsetting the losses incurred by investors in previous financial year.

The returns from investments in this fiscal have soared to 80.5 per cent. The Bombay Stock Exchange benchmark Sensex settled at 17,527.77 points on March 31, 2010, from 9,708.5 points at the end of March 31, 2009. The Sensex had jumped to its two-year high level of 17,793 points on March 29 driven by strengthening of the rupee against the US dollar. During FY'09, the 30-share index had plunged to 9,708.50 points from 15,644.44 points, losing nearly 38 per cent.

The 50-share benchmark Nifty gained 73.76% by settling down at 5249.10 points on 31st March 2010, from 3020.95 at the end of 31st March 2009.

Sectoral Returns:

The BSE Mid-cap index, which comprises 248 stocks, gained 130.20 per cent (-54% in FY09) where as the BSE Small-cap index gained 162% (-58.60% in FY09) in the Fy10.

According to an analysis of MSCI Barra indices, a measure of returns from various stock markets across the world for foreign investors, Indian stocks have outperformed their global peers, including in the US, the UK and China in FY2009-10.

Indian stocks (large and mid-caps) have provided a return of 113.58 per cent in the 12 months period ended March 31, 2010, against 77.26 gains provided by MSCI Barra's emerging market index, covering all developing nations. Among the emerging BRIC (Brazil, Russia, India and China) nations as well, the Indian stocks gave the highest returns, gaining 113.5 per cent in the past financial year.

Institutional activities:

FIIs did a net investment of Rs.20, 644.40 crore in Indian stock markets in 2009-10. as against the net selling of Rs.6151.50 crore in 2008-09.

In March'10 the FIIs were the net buyers for Rs.19928.20 crore as against the Domestic Mutual Funds who were the net sellers for Rs.3806.90 crore.

Weak dollar against rupee and government's massive divestment plans attracted the foreign funds in fiscal 2009-10.

Primary Market Operations:

The positive movement in the secondary market led to the revival of the Primary market. In FY 09-10, total 44 companies including the PSUs raised a whopping Rs 47,867 crore during the April 2009 to March 31, 2010 period.

28 companies came out with IPOs during April-January 2009-10 raising a total of Rs 23,731.88 crore, almost 10 times higher than Rs 2,058.51 crore mobilised by 20 companies during the same period in 2009-2009.

Disinvestments:

The government had set a target of Rs.25000 crore to be collected through follow-on offers. During the year the government collected Rs.23, 552 crore from disinvestments in the companies viz. NHPC, Oil India Ltd., Rural Electrification Corporation, NTPC and NMDC. The NMDC's FPO was the biggest public offer of the fiscal that collected Rs.9930 crore.

Turnaround in 2009-10:

Spectacular comeback of United Progressive Alliance in May'2009 Lok Sabha Elections was a major turnaround in the Equity Market. The Sensex moved up by 2000 points on the same day and the trading was halted for the day. After that the bulls took over the charge. Inspite of poor monsoon in the current fiscal, the economic revival was seen due to improvement in industry and service sectors. Various stimulus packages provided by the Government started reaping the results. The major global events like Dubai World Debt crisis, debt crisis in Greece did not affect the Indian equity market much.

The Union Budget announced on 26th February 2009 that was in line with the market expectations. The macro economic targets of fiscal deficit target of 5.5% in FY11, GDP growth of 7.2% in FY10, ambitious borrowing program and the announcements like allocation of 46% of total plan outlay to infrastructure, additional banking licenses and bank capitalization, rural and social sector development program was well taken by the markets.

Going ahead..

The beginning of the financial year will be very eventful. The Q4 corporate results, RBI Monetary Policy, IIP data, Inflation data, 3G Auction will make the equity market vibrant.

A consistent uptrend in industrial production, non-oil imports, and bank credit depict clear signs of a demand revival. The inflation is rising due to food items and it is slowly spreading in non-food segment. The rupee appreciation against dollar and the rise in the oil prices above $80 are getting compensated in the inflation. The Central Bank has already increased the rates by 25 bps. Now it is expected that in the Monetary policy that will be presented on 20th April of 2010 will come with further rate hike. However, with a constant capital inflow of foreign money in India, RBI has very difficult task of money management.

The post-budget rally in the equity markets driven by sustained buying by foreign funds continued after the Global credit rating agency Standard & Poor's revised the outlook on India to stable from negative due to improved government finances. The robust advance tax payment figures by top companies are indicating good Q4 results. The data released from time to time on exports, IIP are all growth indicators.

Hence, going forward the Indian equity market will outperformed the global market and as a asset class, Equity will give a higher returns in the medium to long term.

Index Close % Ret.

Metals 17973.81 210.16

CD 4220.71 159.66

AUTO 7671.24 150.56

BANK 10652.35 137.20

IT 5237.50 129.14

CG 14081.74 117.78

REAL 3273.56 109.73

13MUTUAL INTERESTMUTUAL INTEREST4

LICMF INDEX FUNDAn Open-ended Index Linked Equity Scheme

EquityR I L 959.57INFOSYS TECHNOLOGIES 665.42I C I C I BANK 560.55L & T 518.59H D F C 362.94I T C 360.08H D F C BANK 354.72S B I 282.45TATA CONSULTANCY SERVICES 207.47T I S C O 204.03BHARTI TELEVENTURE 200.99B H E L 199.62O N G C 195.65STERLITE INDUSTRIES 181.12AXIS BANK 152.62JINDAL STEEL & POWER 142.58HUL 132.20HINDALCO 123.79M & M 120.05TATA POWER 118.77WIPRO 111.82TATA MOTORS 109.25GRASIM INDUSTRIES 101.39M U L 99.64G A I L 97.28N T P C 94.64HERO HONDA MOTORS 92.09CIPLA 91.09JAIPRAKASH ASSOCIATES 90.88INFRASTRUCTURE DEVELOPMENT FINANCE 80.20S A I L 77.42RELIANCE INFRASTRUCTURE 74.03PUNJAB NATIONAL BANK 71.76SUN PHARMACEUTICALS 71.30CAIRN INDIA 69.25RELIANCE COMMUNICATION 59.80DLF 58.68SIEMENS 58.41IDEA CELLULAR 55.16G A C L 52.07UNITECH 51.82A C C 50.15RELIANCE CAPITAL 45.30A B B 44.23H C L TECHNOLOGIES 39.77RANBAXY LABORATORIES 37.81B P C L 35.41POWER GRID CORPORATION OF INDIA 32.64RELIANCE POWER LTD 28.70SUZLON ENERGY 27.23Total Equity 8052.42Cash ‘n’ Call, Current Assets & Receivables 10.88

NIFTY PLAN - PORTFOLIO (as on 31 )/03/2010

TOTAL FUND (as on 31/03/2010) : Rs. 8063.30 Lakh

NAV (Rs.) as on 31/03/2010: Dividend: 10.6683; Growth: 28.9180

Last 6 months 6.42%Last 1 year 67.62%Last 3 years 7.30%Since Inception 15.59%Benchmark NSE - Nifty Return (Last 6 months) 6.62&Benchmark NSE - Nifty Return (Last 1 year) 73.76%

ANNUALISED RETURNS

Equity R I L 447.25INFOSYS TECHNOLOGIES 324.43I C I C I BANK 270.03L & T 224.13H D F C BANK 179.88I T C 178.45H D F C 178.04S B I 151.27O N G C 119.75TATA CONSULTANCY SERVICES 116.63BHARTI TELEVENTURE 105.66B H E L 103.91T I S C O 99.86N T P C 87.83STERLITE INDUSTRIES 81.78HUL 66.25HINDALCO 62.20M & M 60.28TATA POWER 58.07TATA MOTORS 55.24

SENSEX PLAN PORTFOLIO (as on 31/03/2010)

Holdings Mkt. Value (Rs. lakhs)





Last 6 months 4.08%Last 1 years 73.47%Last 3 years 5.98%Since Inception 17.48%Benchmark BSE - Sensex Return (Last 6 months) 4.75%Benchmark BSE - Sensex Return (Last 1 years) 80.54%

ANNUALISED RETURNS

SENSEX ADVT. PLAN PORTFOLIO (as on 31/03/2010)

Month Dividend (%)Nifty Sensex Sensex Advt.

Jan-04 16 15 17Aug-05 25Nov-05 40Jan-06 50Feb-06 50Nov-06 50Feb-07 50Mar-07 20 25Mar-08 20 15Jan-10 17.5









Last 1 yearLast 3 years 4.65%Since Inception 16.53%Benchmark BSE - Sensex Return (Last 1 year) 80.54

75.84%

%

ANNUALISED RETURNS

DIVIDEND HISTORY


Holdings Mkt. Value (Rs. lakhs)EqutiyR I L 64.51INFOSYS TECHNOLOGIES 45.69I C I C I BANK 37.28L & T 29.19I T C 25.00H D F C 24.61H D F C BANK 24.41O N G C 17.11S B I 16.32BHARTI TELEVENTURE 15.26B H E L 14.67NDTV Ltd 14.65T I S C O 13.68TATA CONSULTANCY SERVICES 13.66G A I L 12.29STERLITE INDUSTRIES 11.11H P C L 9.55HUL 9.33N T P C 9.17JAIPRAKASH ASSOCIATES 8.68TATA POWER 8.32M & M 8.05WIPRO 7.45M U L 7.22HERO HONDA MOTORS 6.86GRASIM INDUSTRIES 6.72HINDALCO 6.60TATA MOTORS 6.53UNITECH 5.87SUN PHARMACEUTICALS 5.39INFRASTRUCTURE DEVELOPMENT FINANCE 4.83DLF 4.62RELIANCE COMMUNICATION 4.55RELIANCE INFRASTRUCTURE 4.10ADITYA BIRLA NUVO 3.63A C C 3.50Total Equity 510.41


WIPRO 52.92M U L 51.96HERO HONDA MOTORS 49.44GRASIM INDUSTRIES 49.18JAIPRAKASH ASSOCIATES 44.58SUN PHARMACEUTICALS 37.83RELIANCE INFRASTRUCTURE 36.98DLF 33.25RELIANCE COMMUNICATION 31.51A C C 24.87Total Equity 3383.47Cash ‘n’ Call, Current Assets & Receivables 3.03

SCHEMES

26th March 99

To generate attractive returns for our investors by investing in quality debt securities and money market instruments.

Debt

Dividend / Growth

Nil

1% if exit within 1 year

Rs. 5000/-

Redemption on all business days

On all business days

SIP / SWP / STP / AWOCA

Available

Quarterly

15th November 99

To generate steady and consistent returns for our investors by timing the government securities market.

Debt - Gilt

PF / Regular

Dividend / Growth

Nil


Regular Plan: Rs. 5,000/-PF Plan: Rs. 10000/-




Available

Quarterly

26th September 01

To generate long term capital appreciation through judicious mix of quality debt & equity instrument at moderate risk levels through research based investments.

Balanced

Growth

Nil


Rs. 5000/-




Available

As and when available

29th May 03

To generate income by investing in a portfolio of quality short term debt securities.

Debt - Short Term

Dividend / Growth

Nil

Nil

Rs. 5000/-




Available

Monthly / Daily / Weekly

Bond Fund G-Sec Fund Savings Plus Fund Children’s Fund

11th March 02

To generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market and quality debt instruments

Debt - Liquid

Dividend / Growth

Nil

Nil

Rs. 25000/-


On all days

STP

Available

Daily

1st June / 03

To generate regular income by investing mainly in quality debt and money market instruments with some portion in equity/equity related instruments for long term capital appreciation.

Debt

Monthly Div./Quarterly Div. Yearly Div./Growth

Nil


Rs. 5000/-




Available

Monthly / Quarterly / Yearly

15th March 2004

To generate consistent returns by investing mainly in floating rate instruments/fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk for the investor.

Debt - Floating

Dividend / Growth

Nil

Nil

Rs. 5,000/- and thereafter in multiples of Rs. 500/-.


On all days


Available

Daily / Weekly

19th June 89

To generate long term capital appreciation and offer Tax rebate u/s 80 C as well as additional benefits of a life & insurance cover free accident insurance cover.

Insurance linked tax saving

Single Premium-5/10 year termRegular Contribution-10/15 year term

Dividend Re-investment

Nil

Nil

Rs. 10000/- under Single Premium Rs. 1000/- under Regular Premium- yearly option, Rs. 100/- under Regular Premium - monthly option



SIP / STP

Available


Liquid Fund Monthly Income Plan Unit Linked Insurance Scheme Floating Rate Fund - STP

Launch Date

Objective

Type

Plans

Options

Entry Load

Exit Load

Minimum Investment

Liquidity

NAV Declaration

Special Facilities

Nomination

Dividend Frequency

Launch Date

Objective

Type

Plans

Options

Entry Load

Exit Load

Minimum Investment

Liquidity

NAV Declaration

Special Facilities

Nomination

Dividend Frequency


LICMF EQUITY FUNDAn Open-ended Equity Scheme

LICMF OPPORTUNITIES FUNDAn Open-ended Growth Scheme







Last 1 yearLast 3 year 3.41%Since Inception 11.90%Benchmark (BSE-200) Return Last 1 year 92.87%

62.00%ANNUALISED RETURNS


DIVIDEND HISTORYMonth DividendFeb-06 20.00%Oct-06 25.00%Nov-07 30.00%


EquityR I L 650.16I T C 349.29L & T 309.01O N G C 274.63RELIANCE INFRASTRUCTURE 259.57H D F C 244.16H D F C BANK 241.56I C I C I BANK 219.12BHARTI TELEVENTURE 218.33S B I 187.11PETRONET LNG 176.93JAIPRAKASH ASSOCIATES 168.36B H E L 166.98T I S C O 139.18IDEA CELLULAR 130.90INFRASTRUCTURE DEVELOPMENT FINANCE 128.88RELIANCE COMMUNICATION 128.03POWER TRADING CORPORATION OF INDIA 122.86HUL 107.42NDTV Ltd 103.79I O C L 89.03STERLITE INDUSTRIES 84.75ZEE TELEFILMS 81.92ORIENTAL BANK OF COMMERCE 80.21TATA CONSULTANCY SERVICES 78.08POWER GRID CORPORATION OF INDIA 75.01S A I L 72.54INDIA CEMENTS 65.90ADITYA BIRLA NUVO 64.89V S N L 64.49JINDAL STEEL & POWER 63.20ABAN OFFSHORE 61.17GRASIM INDUSTRIES 56.28KOTAK MAHINDRA BANK 56.18TATA POWER 54.90WIPRO 54.78ANDHRA BANK 54.05PUNJ LLOYD 53.22H P C L 47.77A C C 47.52TATA MOTORS 45.34RANBAXY LABORATORIES 42.74M U L 40.97SIEMENS 37.03HINDALCO 36.34SUZLON ENERGY 35.95H C L TECHNOLOGIES 35.78ALLAHABAD BANK 35.63AXIS BANK 35.07A B B 33.21INDIAN HOTELS 32.82PUNJAB NATIONAL BANK 30.40HERO HONDA MOTORS 29.14I D B I 28.75

An Open-ended Equity Scheme







Equity R I L 953.75L & T 504.17I T C 473.67JAIPRAKASH ASSOCIATES 467.66I C I C I BANK 419.19O N G C 413.37B H E L 405.53N T P C 399.49H D F C 393.36S B I 374.22RELIANCE INFRASTRUCTURE 352.44KOTAK MAHINDRA BANK 337.07PETRONET LNG 323.38BHARTI TELEVENTURE 290.07H D F C BANK 270.55I F C I 249.25TATA CONSULTANCY SERVICES 234.24IDEA CELLULAR 196.35I O C L 178.05V S N L 151.77WIPRO 147.01DLF 123.56S A I L 123.38A B B 107.99HUL 105.03ORIENTAL BANK OF COMMERCE 102.67ZEE TELEFILMS 100.07GRASIM INDUSTRIES 98.48TATA MOTORS 97.82TATA POWER 88.01ANDHRA BANK 86.48STERLITE INDUSTRIES 84.75POWER GRID CORPORATION OF INDIA 80.11INDIAN BANK 79.11M U L 76.90RELIGARE ENTERPRISES 71.24ADITYA BIRLA NUVO 70.42H C L TECHNOLOGIES 69.81SIEMENS 67.06INFRASTRUCTURE DEVELOPMENT FINANCE 64.44H P C L 63.69UNITECH 58.72G A I L 53.27INFOSYS TECHNOLOGIES 52.30I D B I 51.75DR REDDYS LABORATORIES 51.07PUNJAB NATIONAL BANK 50.67HINDALCO 48.67PUNJ LLOYD 44.35UNION BANK OF INDIA 39.55JINDAL STEEL & POWER 35.11AXIS BANK 35.07SUZLON ENERGY 28.76NDTV Ltd 24.42N H P C 24.13MUNDRA PORT & SEZ 23.71

ANNUALISED RETURNS


Last 1 year 72.25%Last 3 years 9.10%Since Inception 9.78%Benchmark (Sensex) Return Last 1 year 80.54%

DIVIDEND HISTORY

Month DividendMar-04 12.00%Mar-05 10.00%Nov-05 20.00%Oct-06 25.00%Nov-07 50.00%

UNION BANK OF INDIA 26.37DR REDDYS LABORATORIES 25.54BALARAMPUR CHINI MILLS LTD. 23.06N H P C 22.65UNITECH 22.02G A I L 20.49OIL INDIA 19.99SUN PHARMACEUTICALS 17.90MADRAS CEMENT 12.17M & M 10.90INDIABULLS POWER 9.49VIJAYA BANK 7.10S C I L 5.33AREVA T & D INDIA 4.63G A C L 3.59N T P C 3.34

JUBILANT ORGANOSYS 100.00

Total - Equity 6465.87

Debt 0.00

Total - Debt 0.00


CANARA BANK 20.52OIL INDIA 19.99HERO HONDA MOTORS 19.43A C C 19.01VOLTAS 17.73RELIANCE COMMUNICATION 17.07RANBAXY LABORATORIES 14.25INDIAN HOTELS 13.02T I S C O 12.65VIJAYA BANK 11.84G A C L 7.18INDIABULLS POWER 4.88MADRAS CEMENT 4.21JUBILANT ORGANOSYS 100.00PRADIP OVERSEAS 47.46Total - Equity 10246.40Debt 0.00Total Debt 0.00Cash ‘n’ Call, Current Assets & Receivables -6.02

SNAPSHOT

31st January 2005

The investment objective of the scheme is to provide capital growth in long-term with reasonable risk levels by investing mainly in companies which are in sector/s, which have a high growth potential at that point to time.

Equity - Diversified

Dividend / Growth

Nil


Rs. 5000/-




Available


1st January 1997

To provide capital growth alongwith tax rebate and tax relief u/s 80 C to our investors through Prudent Investments in the stock market.

ELSS

Dividend / Growth

Nil

Nil

Rs. 500/-




Available


21st September 2004

The investment objective of the scheme is to generate regular income by investing mainly in floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk and at the same time aiming at generating capital appreciation in a long term by investing in equity / equity related instruments.

Debt

Plan A / Plan B

Monthly Div. / Quarterly Div. / Yearly Div. / Growth

Nil


Rs. 5000/-




Available


14th November 02

To provide capitalgrowth by investing in index stocks.

Equity - Index

Sensex / Nifty / Sensex Advantage

Dividend / Growth

Nil


Rs. 2000/-




Available


16th April 98

To obtain maximum possible maximum possible growth consistent with reasonable levels of safety and security by investing mainly in equities.


Dividend / Growth

Nil


Rs. 2000/-




Available


1st January 91

To provide regular returns & capital appreciation according to the slection of the plan by investing in equities & debt.

Balanced

Dividend / Growth

Nil


Rs. 1000/-




Available


Index Fund Growth Fund Balanced Fund Equity Fund

Opportunities Fund Tax Plan Floater MIP

SIP: Systematic Investment Plan; SWP: Systematic Withdrawal Plan; STP: Systematic Transfer Plan; AWOCA: Automatic Withdrawal of Capital AppreciationNote : SWP & AWOCA are available under growth options only.

1st September 99

To provide capital growth by investing in a mix of equity instruments.


Dividend / Growth

Nil


Rs. 2000/-




Available


Income Plus Fund

28th May 2007

To provide reasonable possible current income - consistent with preservation of capital & providing liquidity from investing in a diversified portfolio of Short-Term Money Market & Debt securities.

Debt

Dividend Frequency :Daily / Weekly / Monthly

Dividend / Growth

Nil

Nil

Rs. 5,00,000/-



STP

Available

Daily / Weekly / Monthly


LICMF BOND FUNDAn Open-ended Debt Scheme

PORTFOLIO (as on 31 )/03/2010



DIVIDEND HISTORY

Last 1 yearLast 3 years 9.19%Since inception (09.05.1999) 9.02%

Benchmark (C CompBex) Return (Last 1 year) 5.40

6.41%

%

ANNUALISED RETURNS

PORTFOLIO RATING ANALYSIS

Month Gross Div. (%) Month Gross Div. (%)


DEBT

I R F C AAA 1115.34

I O C L AA+ 1039.90

I C I C I BANK AAA 800.00

S A I L AAA(SO) 526.38

PUNJ LLOYD AA 524.20

H U D C O AA 521.89

GSEC 8.33% 2036 SOVEREIGN 502.20

JET AIRWAYS (JUS TRUST PTC) AAA(SO) 313.78

SHRIRAM TRANSPORT FINANCE AA 10.81

DEVELOMENT CREDIT BANK A- 1165.16

R E C AAA 1108.75

BOB HOUSING FINANCE(PTC NHB) AAA(SO) 31.91

ANDHRA BANK PTC (NHB) AAA(SO) 9.86

COMMERCIAL PAPER/ BANK DEPOSIT


Holdings Rating Mkt. Value(Rs.Lakhs)

LICMF G-SEC FUNDAn Open-ended Gilt Scheme


GSEC 7.95% 2032 SOVEREIGN 5304.20

GSEC 8.33% 2036 SOVEREIGN 2008.80

GOI-T BILL 91 DAYS 2476.93

Commercial Paper / Bank Deposit



Last 1 year

Last 3 years 5.21%

Since inception (29.11.1999) 7.91%

Benchmark (I Sec Composite Gilt) Return

Last 1 year 2.89%

2.15%

ANNUALISED RETURNS


NAV (Rs.) as on 31/03/2010Reg.: 10.2639 Reg.Gr.: 22.0616;

PF-Div. 12.1652; PF-Gr. : 12.7217

Securities Rating Mkt. Value (Rs. Lakhs) DIVIDEND HISTORY


Mar-01 3.50%

Jul-01 3.00%

Nov-01 3.50%

Mar-02 7.00%

Jul-02 3.00%

Oct-02 3.50%

Jan-03 4.00%

Apr-03 4.00%

Jun-03 3.50%

Sep-03 3.50%

Dec-03 3.00%

Mar-04 3.00%

Jun-04 0.75%

Sep-04 0.50%

Mar-09 2.00%

Jul-09 2.00%

Oct-09 2.00%

Jan-10 1.00%

Jan-10 (PF Option) 5.00%

Mar-10 (PF Option) o.50%

Expense Ratio (as on 31 ) : 1. %/03/2010 43


Mar-01 4.50%Jul-01 4.00%Nov-01 3.50%Mar-02 3.50%Jul-02 3.00%Oct-02 3.00%Jan-03 3.00%Jun-03 2.25%Sep-03 2.25%Dec-03 2.00%Mar-04 1.50%Jun-04 1.00%Sep-04 0.50%Dec-04 1.00%Mar-05 1.50%Jul-05 1.50%Oct-05 1.00%Jan-06 1.00%

Mar-06 1.00%Jul-06 2.00%Oct-06 4.00%Jan-07 1.00%Mar-07 1.00%Jul-07 2.50%Oct-07 2.50%Jan-08 2.00%Mar-08 1.50%Jul-08 1.50%Oct-08 1.50%Jan-09 2.00%Mar-09 2.50%Jul-09 2.00%Oct-09 2.00%Jan-10 2.00%Mar-10 0.50%





AA, AA-, A, PR1+(SO) & Others24.86%

Sovereign5.62%

AAA33.84%

AA11.64%

+

Money Market14.17%

AAA (SO) 9.87%

LICMF LIQUID FUNDAn Open-ended Liquid Scheme


Bonds / Debentures

WELSPUN GUJARAT STAHL ROHREN A+ 10570.00


I R F C AAA 4003.75

P F C AAA 2491.25

BHUSHAN STEEL & STRIPS PR1 30000.00

JSW STEEL PR1+ 24640.00

ALOK INDUSTRIES PR1+ 20000.00

DECCAN CHRONICLE PR1+ 14640.00

BAJAJ HINDUSTAN F1 10000.00

TULIP IT SERVICES PR1 10000.00

AMTEK AUTO PR1+ 10000.00

ALOK INDUSTRIES PR1 10000.00

SIVA VENTURES PR1+ 10000.00

JAIPRAKASH ASSOCIATES PR1 7000.00


DEWAN HOUSING FINANCE AA+ 5000.00

MAGMA FINCORP PR1+ 5000.00

MAGMA LEASING AA 4500.00

MAGMA LEASING AA- 3000.00

Commercial Paper

INDIABULLS FINANCIAL SERVICES P1+ 34408.87

ABG SHIPYARD PR1+ 29398.85

RELIANCE SECURITIES A1+ 14852.44

RELIANCE CAPITAL A1+ 14508.38

RELIGARE SECURITIES P1+ 9887.02

ADLABS FILMS A1+ 7442.52

ESSAR SHIPPING PORTS & LOGISTICS PR1 5845.46

AFCONS INFRASTRUCTURE P1+ 4950.03

GAMMON PR1+ 4948.15

GARDEN SILK MILLS PR1+ 4946.34

JBF INDUSTRIES LTD PR1+ 3947.79

KEC INTERNATIONAL A1+ 1486.34

H C C PR1+ 1482.67

REDINGTON A1+ 994.86


Last 1 yearLast 3 year 7.41%Since Inception (18.03.2002) 6.70%Benchmark © Fund ~LX) Return (Last 1 year) 3.68

4.90%

%

ANNUALISED RETURNS


Holdings Rating Mkt. Value (Rs. lakhs)






DIVIDEND HISTORY

Jun-04 0.0285Jul-04 0.0145Aug-04 0.0417Sep-04 0.0339Oct-04 0.0333Nov-04 0.0448Dec-04 0.0348Jan-05 0.0461Feb-05 0.0400Mar-05 0.0422Apr-05 0.03933992May-05 0.04240000Jun-05 0.04089337Jul-05 0.04210000Aug-05 0.04250000Sep-05 0.04100000Oct-05 0.04455476Nov-05 0.04749685Dec-05 0.04943670Jan-06 0.05202764Feb-06 0.04836850Mar-06 0.07196284Apr-06 0.05065708May-06 0.05328228Jun-06 0.05243226Jul-06 0.05969500Aug-06 0.06310000Sep-06 0.06340000Oct-06 0.06860000Nov-06 0.06750000Dec-06 0.06280627Jan-07 0.07300000Feb-07 0.06420000Mar-07 0.07660000Apr-07 0.07970000

Avg. Maturity (in month) : 1.45

Avg. Duration (in month) : 1.38

May-07 0.07980000Jun-07 0.06120000Jul-07 0.05370000Aug-07 0.06730000Sep-07 0.06430000Oct-07 0.06980000Nov-07 0.07360000Dec-07 0.07930000Jan-08 0.07750000Feb-08 0.07470000Mar-08 0.07973000Apr-08 0.07280000May-08 0.07830000Jun-08 0.08110000Jul-08 0.08440000Aug-08 0.08610000Sep-08 0.08700000Oct-08 0.09810000Nov-08 0.08640000Dec-08 0.08750000Jan-09 0.07920000Feb-09 0.08620000Mar-09 0.06830000Apr-09 0.05280000May-09 0.04973000Jun-09 0.04820000Jul-09 0.04720000Aug-09 0.04590000Sep-09 0.04220000Oct-09 0.04770000Nov-09 0.04260000Dec-09 0.04340000Jan-10 0.03840000Feb-10 0.03170000Mar-10 0.03867927

Month Gross DividendMonth Gross Dividend

IDFC A1+ 124.12

Bank Deposits

H D F C BANK 20000.00

CENTRAL BANK OF INDIA 5000.00

PUNJAB NATIONAL BANK 2500.00


AAA, AA+, P1+ or Equivalent29.46%

Money Market & Other57.90%

P1, , A+Equivalent

9.44%

AA-- or

Bank Deposits3.20%


LICMF BALANCED FUNDAn Open-ended Balanced Scheme





DebtDECCAN CHRONICLE AA 216.51

TOTAL - DEBT 216.51



NAV (Rs.) as on 31/03/2010 : Dividend: 11.4209; Growth: 54.0346

Last 1 yearLast 3 years 8.69%Since Inception 7.81%

Benchmark (C BalanceEx) Return (Last 1 year) 47.70

39.59%

%

ANNUALISED RETURNS



Month DividendNov-04 3.50%Mar-05 8.50%Aug-05 10.00%Nov-05 7.50%Feb-06 8.50%Apr-06 17.00%Sep-06 10.00%Jan-07 15.00%Oct-07 15.00%

DIVIDEND HISTORY



EquityBHARTI TELEVENTURE 296.31JYOTI STRUCTURES LTD. 222.56RANBAXY LABORATORIES 210.64G A C L 209.39HUL 179.03RELIANCE COMMUNICATION 170.70POWER GRID CORPORATION OF INDIA 160.73POWER TRADING CORPORATION OF INDIA 134.40L & T 130.11HINDALCO 109.02I D B I 103.50YES BANK 76.46H C L TECHNOLOGIES 71.56INFRASTRUCTURE DEVELOPMENT FINANCE 48.33

Total Equity 2122.71

LICMF CHILDREN’S FUNDAn Open-ended Balanced Scheme for Children


NAV (Rs.) as on 31/03/2010 : 10.4301

Last 1 year

Last 3 years -11.54%

Since inception (12/11/2001) 0.50%

Benchmark ) Return Last 1 year 47.70

58.66%

(C BalanceEx %

ANNUALISED RETURNS




Equity

R I L 64.48

I F C I 49.85

JAIPRAKASH ASSOCIATES 44.90

RELIANCE INFRASTRUCTURE 39.93

ADLABS FILMS 38.91

RELIANCE CAPITAL 37.73

RELIANCE COMMUNICATION 6.83

Total Equity 282.63

Debt


PUNJ LLOYD AA 97.16

Total Debt 194.47

Commercial Paper/ Bank Deposits


Holdings Rating Mkt. Value (Rs. lakhs) Avg. Maturity (in month) : 2.59


Money Mkt.19.62%

Money Mkt.31.39%

Debt 7.44%

.

Debt 27.96%

.

Equity72.94%

Equity40.65%

LICMF FLOATING RATE FUND - STPAn Open-ended Income Fund


TOTAL FUND (as on 31/03/2010) : Rs. 221349.95 Lakhs

LICMF SAVINGS PLUS FUND(An open-ended income scheme)


Debt Instruments MUNDRA PORT & SEZ AA 22500.00I R F C AAA 5163.17WELSPUN GUJARAT STAHL ROHREN A+ 1230.00PUNJ LLOYD AA 718.52RANBAXY HOLDING A1+ 50000.00BHUSHAN STEEL PR1 20000.00VIDEOCON INDUSTRIES F1 20000.00BHUSHAN POWER AND STEEL PR1 20000.00ALOK INDUSTRIES PR1+ 20000.00TRAPTI TRADING & INVESTMENT A1+ 16500.00RELIANCE CAPITAL AAA 15000.00TGS INVESTMENT & TRADE A1+ 15000.00OSCAR INVESTMENTS A1+ 10000.00AMTEK AUTO PR1+ 10000.00SIVA VENTURES PR1+ 10000.00SUNDARAM FINANCE A1+ 5000.00BIRLA TMT HOLDING P1+ 5000.00JINDAL STEEL & POWER AA 5000.00DECCAN CHRONICLE PR1+ 5000.00NAMAN FINANCE AND INVESTMENT A1+ 3000.00ARCH PHARMALABS F1 2500.00COX AND KINGS PR1 2500.00COX AND KINGS PR1+ 2000.00MAGMA LEASING AA 1300.00

Commercial PaperINDIABULLS FINANCIAL SERVICES P1+ 56869.93RELIGARE FINVEST A1+ 47205.41RELIANCE MEDIA WORKS A1+ 19106.69RELIGARE SECURITIES P1+ 19041.46MUNDRA PORT & SEZ A1+ 18960.06ERA INFRA ENGINEERING PR1 18915.34RELIANCE CAPITAL A1+ 18853.12JAIPRAKASH ASSOCIATES PR1 18738.60TATA MOTORS FINANCE A1 9819.48RELIANCE SECURITIES A1+(SO) 9526.11IL & FS FINANCIAL SERVICES A1+ 9444.31BOMBAY RAYON FASHIONS PR1 9433.96FUTURE CAPITAL HOLDINGS PR1+ 9413.28BHUSHAN POWER AND STEEL F1+(SO) 9382.45BILT GRAPHIC PAPER F1+ 9347.47ICICI SECURITIES P1+ 6133.03RELIANCE MEDIA WORKS A1 4728.56ESSAR STEEL F1 4652.05BALLARPUR INDUSTRIES F1+ 4652.05H C C PR1+ 4390.54ESSAR SHIPPING PORTS & LOGISTICS PR1 2791.23BHARAT FORGE A1+ 2442.78AMALGMATED BEAN COFEE TRADING CO. PR1+ 985.46KEC INTERNATIONAL A1+ 973.88

Certificate of DepositI D B I BANK A1+ 9471.07

Bank DepositsI D B I BANK 30000.00CORPORATION BANK 1500.00PUNJAB NATIONAL BANK 500.00




Benchmark (C Fund ~LX) Return 3.68%

5.52%

ANNUALISED RETURNS



DIVIDEND DECLARED (Dividend Option)

Aug-05 0.0458Sep-05 0.0350Oct-05 0.0400Nov-05 0.04162Dec-05 0.04167Jan-06 0.04167Feb-06 0.04167Mar-06 0.01400672Apr-06 0.04167000May-06 0.04167000Jun-06 0.05000000Jul-06 0.05000000Aug-06 0.05000000Sep-06 0.05000000Oct-06 0.05000000Nov-06 0.05000000Dec-06 0.03000000Jan-07 0.07000000Feb-07 0.04000000Mar-07 0.08000000Apr-07 NilMay-07 NilJun-07 0.02000000Jul-07 0.02000000Aug-07 0.04000000Sep-07 0.05000000Oct-07 0.09000000Nov-07 0.07520000

Month Gross Div. (%)Monthly Weekly Daily


Dec-07 0.09680000Jan-08 0.09670000Feb-08 0.10240000Mar-08 0.07810000Apr-08 0.06460000May-08 0.06340000Jun-08 0.03380000Jul-08 0.01930000Aug-08 0.07390000Sep-08 0.07160000Oct-08 0.04880000Nov-08 0.06650000Dec-08 0.01030000Jan-09 0.55670000 0.07490000 0.07300000Feb-09 0.06320000 0.06500000 0.06250000Mar-09 0.06970000 0.07310000 0.06940000Apr-09 0.04850000 0.04760000 0.04830000May-09 0.05310000 0.04890000 0.05220000Jun-09 0.05670000 0.06180000 0.05670000Jul-09 0.05060000 0.04640000 0.05050000Aug-09 0.04150000 0.04740000 0.04140000Sep-09 0.04180000 0.04000000 0.04180000Oct-09 0.04180000 0.03780000 0.04170000Nov-09 0.04160000 0.04700000 0.04140000Dec-09 0.04120000 0.03810000 0.04120000Jan-10 0.03780000 0.03810000 0.03760000Feb-10 0.03630000 0.03360000 0.03630000Mar-10 0.04880000 0.05020000 0.04870000

Bonds / DebenturesMUNDRA PORT & SEZ AA 32500.00RELIANCE CAPITAL AAA 27200.00OSCAR INVESTMENTS A1+ 30000.00JSW STEEL PR1+ 25000.00RANBAXY HOLDING A1+ 20000.00ALOK INDUSTRIES PR1+ 20000.00VIDEOCON INDUSTRIES F1 20000.00DECCAN CHRONICLE PR1+ 10000.00BHUSHAN POWER AND STEEL PR1 10000.00MAGMA FINCORP PR1+ 10000.00JINDAL STEEL & POWER A1+ 7500.00TULIP IT SERVICES A1 7500.00JAIPRAKASH ASSOCIATES PR1 7000.00AMTEK AUTO PR1+ 5000.00SUNDARAM FINANCE P1+ 5000.00TGS INVESTMENT & TRADE A1+ 4000.00RELIANCE CAPITAL AAA 2500.00JINDAL STEEL & POWER AA 2500.00INDIAN HUME PIPES CO LTD PR1+ 2000.00Commercial PaperINDIABULLS FINANCIAL SERVICES P1+ 19012.84BOMBAY RAYON FASHIONS PR1 9433.96RELIGARE FINVEST A1+ 4852.82RELIANCE MEDIA WORKS A1 4723.24AFCONS INFRASTRUCTURE P1+ 4717.72NATIONAL ENGINEERING INDUSTRIES LTD PR1+ 2914.72ADLABS FILMS A1+ 960.77Bank DepositsUNION BANK OF INDIA 20000.00Cash ‘n’ Call, Current Assets & Receivables -92966.10








GROSS DIVIDEND DECLARED (Rs. Per Unit)

Last 1 year 5Last 3 year 8.07%Since Inception 7.08%Benchmark (C Fund ~LX) Return

.52%

3.68%


Aug-06 0.05345360

Sep-06 0.05495360

Oct-06 0.07181700

Nov-06 0.06095360

Dec-06 0.05386606

Jan-07 0.07841700

Feb-07 0.06585360

Mar-07 0.06555360

Apr-07 0.09231700

May-070.07105360

Jun-07 0.05555360

Jul-07 0.06071700

Aug-07 0.06475360

Sep-07 0.07391700

Oct-07 0.06845360

Nov-07 0.06515360

Dec-07 0.06975360

Jan-08 0.09361700

Feb-08 0.07255360

Mar-08 0.09801700

Apr-08 0.06945360

May-080.07005360

Jun-08 0.08871700

Jul-08 0.07485360

Aug-08 0.07655360

Sep-08 0.09821700

Oct-08 0.08135360

Nov-08 0.08115360

Dec-08 0.09231700

Jan-09 0.07085360

Feb-09 0.06962420

Mar-09 0.07181700

Apr-09 0.03985360

May-090.04605360

Jun-09 0.05971700

Jul-09 0.04655360 0.01800000

Aug-09 0.05031700 0.04310000

Sep-09 0.04205360 0.04370000

Oct-09 0.04145360 0.04470000

Nov-09 0.05021700 0.04350000

Dec-09 0.04255360 0.04530000

Jan-10 0.03438397 0.03830000

Feb-10 0.03385360 0.03630000

Mar-10 0.04981700 0.04860000

ANNUALISED RETURNS

NAV (Rs.) as on 31/03/2010: Daily Dividend : 10.0000;Monthly Dividend: 10.0488; Weekly Dividend: 10.0038; Growth: 14.6371

NAV (Rs.) as on 31/03/2010: Daily Dividend : 10.0000;Weekly Dividend: 10.1505; Growth: 15.1222

Month Weekly DailyMonth WeeklyMonth WeeklyMonth Weekly

MUTUAL INTEREST8 MUTUAL INTEREST 9

LICMF FLOATER MIPAn Open-ended income Scheme


EquityCIPLA 141.60PETRONET LNG 133.00POWER GRID CORPORATION OF INDIA 128.58BHARTI TELEVENTURE 124.76APOLLO TYRES 106.43S B I 103.95RELIANCE COMMUNICATION 82.35ZEE TELEFILMS 80.58CAIRN INDIA 80.58UNITECH 55.05IDEA CELLULAR 49.09L & T 48.79POWER TRADING CORPORATION OF INDIA 44.80

Bonds / DebentureWELSPUN GUJARAT STAHL ROHREN A+ 1200.00DECCAN CHRONICLE AA 866.05PUNJ LLOYD AA 783.46SHRIRAM TRANSPORT FINANCE AA 659.53MUNDRA PORT & SEZ AA 500.00GSEC 6.05% 02/02/2019 SOVEREIGN 394.88RELIANCE CAPITAL AAA 300.00MAGMA LEASING AA 1200.00RELIANCE CAPITAL AAA 1155.38

Commercial paper 0.00

Bank Deposits 0.00 Cash ‘n’ Call, Current Assets & Receivables 2084.42

TOTAL FUND (as on 31 ) : Rs. Lakhs/03/2010 10323.26

DIVIDEND HISTORY

ANNUALISED RETURNS


NAV (Rs.) as on 31/03/2010

Monthly Income : 10.1756; Yearly Income : 10.2452;

;Quarterly : 10.1804 Growth : 17.1969



Avg. Maturity (in ) :


month 11.97

LICMF INFRASTRUCTURE FUNDA 36 months Close ended Equity Fund with an automatic conversion into

an Open ended scheme on expiry of 36 months from the date of allotment (24/03/2008).




EquityR I L 1816.16L & T 1561.30B H E L 1171.26H D F C 1119.62O N G C 1009.43INDIA CEMENTS 922.60JAIPRAKASH ASSOCIATES 899.77I C I C I BANK 895.54S B I 717.26BHARTI TELEVENTURE 695.54IDEA CELLULAR 686.08INFRASTRUCTURE DEVELOPMENT FINANCE 610.73H D F C BANK 579.27JINDAL STEEL & POWER 561.80RELIANCE INFRASTRUCTURE 549.09S A I L 508.35G A I L 493.81A B B 461.87UNITECH 440.40DLF 370.68STERLITE INDUSTRIES 339.00CENTURY TEXTILES 297.36GAMMON INDIA 276.56AREVA T & D INDIA 275.25V S N L 252.12INDIAN BANK 246.12TATA POWER 243.58H P C L 232.50PUNJ LLOYD 227.80T I S C O 227.75A C C 225.44GRASIM INDUSTRIES 225.10IVRCL INFRASTRUCTURES & PROJECTS 189.80S C I L 169.25N T P C 162.58POWER GRID CORPORATION OF INDIA 159.99INDIAN HOTELS 154.34RELIANCE COMMUNICATION 153.63ESSAR SHIPPING 147.90M U L 145.59ALLAHABAD BANK 142.50



Holdings Mkt. Value (Rs. Lakhs)


Last 1 yearSince Inception -2.96%Benchmark (BSE 100) Return - Last 1 year 88.17%

66.67%

ANNUALISED RETURNS


Last 1 year 17.67%Last 3 years 10.81%Since Inception 10.46%Benchmark (C MiPex) Return - last 1 year 14.31%

Mar-06 Monthly 0.3100Mar-06 Quarterly 0.5900Mar-06 Yearly 1.2000Apr-06 Monthly 0.1000May-06 Monthly 0.0300Jun-06 Monthly NilJun-06 Quarterly 0.2100Jul-06 Monthly 0.1000Aug-06 Monthly 0.1000Sep-06 Monthly 0.1400Sep-06 Quarterly 0.2600Oct-06 Monthly 0.1000)Nov-06 Monthly 0.1300Dec-06 Monthly 0.1500Dec-06 Quarterly 0.3800Jan-07 Monthly 0.1400Feb-07 Monthly NilMar-07 Monthly NilMar-07 Quarterly 0.2000Mar-07 Yearly 0.9000Apr-07 Monthly 0.1000May-07 Monthly 0.1000Jun-07 Monthly 0.1500

Money Mkt.3.58%

Equity96.42%

Jun-07 Quarterly 0.2500Jul-07 Monthly 0.1000Aug-07 Monthly 0.1000Sep-07 Monthly 0.1000Sep-07 Quarterly 0.3000Oct-07 Monthly 0.1500Nov-07 Monthly 0.2000Dec-07 Monthly 0.2000Dec-07 Quarterly 0.5000Jan-08 Monthly 0.1000Feb-08 Monthly 0.1500Mar-08 Monthly 0.0000Mar-08 Quarterly 0.3500Mar-08 Yearly 1.6000Apr-08 Monthly 0.0000May-08 Monthly 0.0000Jun-08 Monthly 0.0000Jun-08 Quarterly 0.0000Jul-08 Monthly 0.0000Aug-08 Monthly 0.0000Sep-08 Monthly 0.0700Sep-08 Quarterly 0.2000Oct-08 Monthly 0.0000

Money Mkt.20.19%

Debt 68.38%

.

Equity11.43%

Nov-08 Monthly 0.0000Dec-08 Monthly 0.0000Jan-09 Monthly 0.0000Feb-09 Monthly 0.0000Mar-09 Monthly 0.0000Apr-09 Monthly 0.0700Apr-09 Quarterly 0.1000Apr-09 Yearly 0.1600May-09 Monthly 0.2150May-09 Quarterly 0.2000Jun-09 Monthly 0.1000Jun-09 Quarterly 0.2200Jul-09 Monthly 0.1200Aug-09 Monthly 0.1200Sep-09 Monthly 0.1200Sep-09 Quarterly 0.3600Oct-09 Monthly 0.1200Nov-09 Monthly 0.1200Nov-09 Quarterly 0.3000Dec-09 Monthly 0.1200Mar-10 Monthly 0.1000Mar-10 Quarterly 0.2000Mar-10 Yearly 1.5000

VOLTAS 141.84SIEMENS 137.36TATA MOTORS 136.03I D B I 133.81I O C L 119.68SUZLON ENERGY 100.66UNION BANK OF INDIA 95.21MADRAS CEMENT 85.89CANARA BANK 82.07NALCO 81.27KOTAK MAHINDRA BANK 74.91MUNDRA PORT & SEZ 73.39N H P C 71.96ULTRA TECH CEMCO 69.85GVK POWER & INFRASTRUCTURE 67.20GMR INFRASTRUCTURE 62.70G A C L 59.83HINDALCO 56.21MERCATOR LINES 55.65OIL INDIA 54.50IRB INFRASTRUCTURE DEVELOPERS 51.29PUNJAB NATIONAL BANK 50.67ORIENTAL BANK OF COMMERCE 50.38RANBAXY LABORATORIES 47.49NEYVELI LIGNITE CORPORATION 44.02SYNDICATE BANK 43.03HERO HONDA MOTORS 38.85ANDHRA BANK 21.62VIJAYA BANK 21.31INDIABULLS POWER 11.11Total - Equity 22704.50Debt 0.00TOTAL - DEBT 0.00Commercial Paper / Bank Deposits 0.00Cash ‘n’ Call, Current Assets & Receivables 843.95

Month Frequency Gross Div.(Rs/Unit)



LICMF MONTHLY INCOME PLANAn Open-ended Monthly Income Scheme w.e.f. 01/06/2003



Debt MUNDRA PORT & SEZ AA 2000.00SHRIRAM TRANSPORT FINANCE AA 1855.56PUNJ LLOYD AA 1700.51RURAL ELECTRIFICATION CORPORATION AAA 992.50GSEC 6.05% 02/02/2019 SOVEREIGN 482.63DECCAN CHRONICLE AA 324.73RELIANCE CAPITAL AAA 1050.35

TOTAL - DEBT 8406.28Commercial Paper / Bank Deposits 0.00 Cash ‘n’ Call, Current Assets & Receivables 3665.07

EquityS B I 790.02BHARTI TELEVENTURE 296.31JAIPRAKASH ASSOCIATES 224.48STERLITE INDUSTRIES 217.65RANBAXY LABORATORIES 209.48WIPRO 141.36A B B 124.53POWER GRID CORPORATION OF INDIA 107.15UNION BANK OF INDIA 86.14L & T 81.32R I L 53.73B H E L 47.71IRB INFRASTRUCTURE DEVELOPERS 45.67RELIANCE COMMUNICATION 42.68JUBILANT ORGANOSYS 100.00




TOTAL FUND (as on 31/03/2010) : Rs. Lakh14639.55

NAV (Rs.) as on 31/03/2010Monthly Income : Yearly Income :Quarterly : 10.1665; Growth : 31.5939

10.1075; 10.1884;




LICMF INDIA VISION FUNDAn Open-ended Growth Scheme




EquityS B I 842.66RANBAXY LABORATORIES 616.24L & T 569.22R I L 537.33BHARTI TELEVENTURE 483.45H C L TECHNOLOGIES 465.14TATA TEA 429.51POWER GRID CORPORATION OF INDIA 428.60B H E L 405.53I D B I 402.50TATA CONSULTANCY SERVICES 351.36POWER TRADING CORPORATION OF INDIA 336.00I F C I 249.25JYOTI STRUCTURES LTD. 220.52APOLLO TYRES 212.85HINDALCO 199.87T I S C O 189.80JAIPRAKASH ASSOCIATES 187.06ZEE TELEFILMS 181.60SUN PHARMACEUTICALS 178.96



YES BANK 178.40INFRASTRUCTURE DEVELOPMENT FINANCE 161.10RELIANCE COMMUNICATION 155.98N M D C 152.96IDEA CELLULAR 130.90RELIANCE INFRASTRUCTURE 99.84BHARAT FORGE 92.77CIPLA 84.28IRB INFRASTRUCTURE DEVELOPERS 73.56M & M 54.52S A I L 13.43JUBILANT ORGANOSYS 200.00PRADIP OVERSEAS 56.95Total - Equity 8942.10Debt

TOTAL - DEBT 0.00Commercial Paper / Bank DepositsCash ‘n’ Call, Current Assets & Receivables 251.72

Holdings Mkt. Value (Rs. Lakhs)


Last 1 year

Since Inception -4.81%

Benchmark (BSE 200) Return - Last 1 year 92.87%

51.18%

ANNUALISED RETURNS


DIVIDEND DECLARED

Dec-04 Quarterly 0.1000Jan-05 Monthly 0.0650Feb-05 Monthly 0.0700Mar-05 Monthly 0.2500Mar-05 Quarterly 0.3000Mar-05 Yearly 0.9500Apr-05 Monthly 0.0550May-05 Monthly 0.0550Jun-05 Monthly 0.0700Jun-05 Quarterly 0.1800Jul-05 Monthly 0.0900Aug-05 Monthly 0.0900Sep-05 Monthly 0.1400Sep-05 Quarterly 0.2200Oct-05 Monthly 0.0800Nov-05 Monthly 0.1000Dec-05 Monthly 0.1200Dec-05 Quarterly 0.3000Jan-06 Monthly 0.1500Feb-06 Monthly 0.1500Mar-06 Monthly 0.3000Mar-06 Quarterly 0.7000Mar-06 Yearly 1.4000Apr-06 Monthly 0.1500May-06 Monthly 0.1500Jun-06 Monthly 0.1200Jun-06 Quarterly 0.2000Jul-06 Monthly 0.1200Aug-06 Monthly 0.1200

Sep-06 Monthly 0.1400Sep-06 Quarterly 0.4000Oct-06 Monthly 0.1400Nov-06 Monthly 0.1400Dec-06 Monthly 0.1200Dec-06 Quarterly 0.4000Jan-07 Monthly 0.1000Feb-07 Monthly NilMar-07 Monthly NilMar-07 Quarterly 0.1500Mar-07 Yearly 0.9000Apr-07 Monthly 0.0700May-07 Monthly 0.1000Jun-07 Monthly 0.0800Jun-07 Quarterly 0.2000Jul-07 Monthly 0.1200Aug-07 Monthly 0.1200Sep-07 Monthly 0.1200Sep-07 Quarterly 0.3500 Oct-07 Monthly 0.1800Nov-07 Monthly 0.2000Dec-07 Monthly 0.2000Dec-07 Quarterly 0.5000Jan-08 Monthly 0.2500Feb-08 Monthly 0.0700Mar-08 Monthly 0.0000Mar-08 Quarterly 0.2000Mar-08 Yearly 1.6000Apr-08 Monthly 0.0000

Month Frequency GrossDiv.(Rs/Unit)



May-08 Monthly 0.0000Jun-08 Monthly 0.0000Jul-08 Monthly 0.0000Aug-08 Monthly 0.0000Spet-08 Monthly 0.0000Sep-08 Quarterly 0.1500Oct-08 Monthly 0.0000Nov-08 Monthly 0.0000Dec-08 Monthly 0.0000Jan-09 Monthly 0.0000Feb-09 Monthly 0.0000Mar-09 Monthly 0.0000Apr-09 Monthly 0.0000Apr-09 Yearly 0.1400May-09 Monthly 0.2800May-09 Quarterly 0.2000Jun-09 Monthly 0.1000Jun-09 Quarterly 0.1800Jul-09 Monthly 0.1200Aug-09 Monthly 0.1200Sep-09 Monthly 0.1200Sep-09 Quarterly 0.3600Oct-09 Monthly 0.1200Nov-09 Monthly 0.1200Nov-09 Quarterly 0.3000Dec-09 Monthly 0.1200Mar-10 Monthly 0.0500Mar-10 Quarterly 0.1500Mar-10 Yearly 1.3000

Money Mkt.25.04%

Debt 57.42%

.

Equity17.54%

Money Mkt.2.74%

Equity97.26%

Last 1 yearLast 3 years 9.72%Since Inception 10.14%Benchmark (C MiPex) Return (Last 1 year) 14.31%

16.39%

ANNUALISED RETURNS



LICMF BALANCED FUNDAn Open-ended Balanced Scheme





DebtDECCAN CHRONICLE AA 216.51

TOTAL - DEBT 216.51



NAV (Rs.) as on 31/03/2010 : Dividend: 11.4209; Growth: 54.0346


Benchmark (C BalanceEx) Return (Last 1 year) 47.70

39.59%

%

ANNUALISED RETURNS



Month DividendNov-04 3.50%Mar-05 8.50%Aug-05 10.00%Nov-05 7.50%Feb-06 8.50%Apr-06 17.00%Sep-06 10.00%Jan-07 15.00%Oct-07 15.00%

DIVIDEND HISTORY



EquityBHARTI TELEVENTURE 296.31JYOTI STRUCTURES LTD. 222.56RANBAXY LABORATORIES 210.64G A C L 209.39HUL 179.03RELIANCE COMMUNICATION 170.70POWER GRID CORPORATION OF INDIA 160.73POWER TRADING CORPORATION OF INDIA 134.40L & T 130.11HINDALCO 109.02I D B I 103.50YES BANK 76.46H C L TECHNOLOGIES 71.56INFRASTRUCTURE DEVELOPMENT FINANCE 48.33

Total Equity 2122.71

LICMF CHILDREN’S FUNDAn Open-ended Balanced Scheme for Children


NAV (Rs.) as on 31/03/2010 : 10.4301

Last 1 year

Last 3 years -11.54%

Since inception (12/11/2001) 0.50%

Benchmark ) Return Last 1 year 47.70

58.66%

(C BalanceEx %

ANNUALISED RETURNS




Equity

R I L 64.48

I F C I 49.85

JAIPRAKASH ASSOCIATES 44.90

RELIANCE INFRASTRUCTURE 39.93

ADLABS FILMS 38.91

RELIANCE CAPITAL 37.73

RELIANCE COMMUNICATION 6.83

Total Equity 282.63

Debt


PUNJ LLOYD AA 97.16

Total Debt 194.47

Commercial Paper/ Bank Deposits


Holdings Rating Mkt. Value (Rs. lakhs) Avg. Maturity (in month) : 2.59


Money Mkt.19.62%

Money Mkt.31.39%

Debt 7.44%

.

Debt 27.96%

.

Equity72.94%

Equity40.65%

LICMF FLOATING RATE FUND - STPAn Open-ended Income Fund


TOTAL FUND (as on 31/03/2010) : Rs. 221349.95 Lakhs

LICMF SAVINGS PLUS FUND(An open-ended income scheme)


Debt Instruments MUNDRA PORT & SEZ AA 22500.00I R F C AAA 5163.17WELSPUN GUJARAT STAHL ROHREN A+ 1230.00PUNJ LLOYD AA 718.52RANBAXY HOLDING A1+ 50000.00BHUSHAN STEEL PR1 20000.00VIDEOCON INDUSTRIES F1 20000.00BHUSHAN POWER AND STEEL PR1 20000.00ALOK INDUSTRIES PR1+ 20000.00TRAPTI TRADING & INVESTMENT A1+ 16500.00RELIANCE CAPITAL AAA 15000.00TGS INVESTMENT & TRADE A1+ 15000.00OSCAR INVESTMENTS A1+ 10000.00AMTEK AUTO PR1+ 10000.00SIVA VENTURES PR1+ 10000.00SUNDARAM FINANCE A1+ 5000.00BIRLA TMT HOLDING P1+ 5000.00JINDAL STEEL & POWER AA 5000.00DECCAN CHRONICLE PR1+ 5000.00NAMAN FINANCE AND INVESTMENT A1+ 3000.00ARCH PHARMALABS F1 2500.00COX AND KINGS PR1 2500.00COX AND KINGS PR1+ 2000.00MAGMA LEASING AA 1300.00

Commercial PaperINDIABULLS FINANCIAL SERVICES P1+ 56869.93RELIGARE FINVEST A1+ 47205.41RELIANCE MEDIA WORKS A1+ 19106.69RELIGARE SECURITIES P1+ 19041.46MUNDRA PORT & SEZ A1+ 18960.06ERA INFRA ENGINEERING PR1 18915.34RELIANCE CAPITAL A1+ 18853.12JAIPRAKASH ASSOCIATES PR1 18738.60TATA MOTORS FINANCE A1 9819.48RELIANCE SECURITIES A1+(SO) 9526.11IL & FS FINANCIAL SERVICES A1+ 9444.31BOMBAY RAYON FASHIONS PR1 9433.96FUTURE CAPITAL HOLDINGS PR1+ 9413.28BHUSHAN POWER AND STEEL F1+(SO) 9382.45BILT GRAPHIC PAPER F1+ 9347.47ICICI SECURITIES P1+ 6133.03RELIANCE MEDIA WORKS A1 4728.56ESSAR STEEL F1 4652.05BALLARPUR INDUSTRIES F1+ 4652.05H C C PR1+ 4390.54ESSAR SHIPPING PORTS & LOGISTICS PR1 2791.23BHARAT FORGE A1+ 2442.78AMALGMATED BEAN COFEE TRADING CO. PR1+ 985.46KEC INTERNATIONAL A1+ 973.88

Certificate of DepositI D B I BANK A1+ 9471.07

Bank DepositsI D B I BANK 30000.00CORPORATION BANK 1500.00PUNJAB NATIONAL BANK 500.00




Benchmark (C Fund ~LX) Return 3.68%

5.52%

ANNUALISED RETURNS



DIVIDEND DECLARED (Dividend Option)

Aug-05 0.0458Sep-05 0.0350Oct-05 0.0400Nov-05 0.04162Dec-05 0.04167Jan-06 0.04167Feb-06 0.04167Mar-06 0.01400672Apr-06 0.04167000May-06 0.04167000Jun-06 0.05000000Jul-06 0.05000000Aug-06 0.05000000Sep-06 0.05000000Oct-06 0.05000000Nov-06 0.05000000Dec-06 0.03000000Jan-07 0.07000000Feb-07 0.04000000Mar-07 0.08000000Apr-07 NilMay-07 NilJun-07 0.02000000Jul-07 0.02000000Aug-07 0.04000000Sep-07 0.05000000Oct-07 0.09000000Nov-07 0.07520000



Dec-07 0.09680000Jan-08 0.09670000Feb-08 0.10240000Mar-08 0.07810000Apr-08 0.06460000May-08 0.06340000Jun-08 0.03380000Jul-08 0.01930000Aug-08 0.07390000Sep-08 0.07160000Oct-08 0.04880000Nov-08 0.06650000Dec-08 0.01030000Jan-09 0.55670000 0.07490000 0.07300000Feb-09 0.06320000 0.06500000 0.06250000Mar-09 0.06970000 0.07310000 0.06940000Apr-09 0.04850000 0.04760000 0.04830000May-09 0.05310000 0.04890000 0.05220000Jun-09 0.05670000 0.06180000 0.05670000Jul-09 0.05060000 0.04640000 0.05050000Aug-09 0.04150000 0.04740000 0.04140000Sep-09 0.04180000 0.04000000 0.04180000Oct-09 0.04180000 0.03780000 0.04170000Nov-09 0.04160000 0.04700000 0.04140000Dec-09 0.04120000 0.03810000 0.04120000Jan-10 0.03780000 0.03810000 0.03760000Feb-10 0.03630000 0.03360000 0.03630000Mar-10 0.04880000 0.05020000 0.04870000

Bonds / DebenturesMUNDRA PORT & SEZ AA 32500.00RELIANCE CAPITAL AAA 27200.00OSCAR INVESTMENTS A1+ 30000.00JSW STEEL PR1+ 25000.00RANBAXY HOLDING A1+ 20000.00ALOK INDUSTRIES PR1+ 20000.00VIDEOCON INDUSTRIES F1 20000.00DECCAN CHRONICLE PR1+ 10000.00BHUSHAN POWER AND STEEL PR1 10000.00MAGMA FINCORP PR1+ 10000.00JINDAL STEEL & POWER A1+ 7500.00TULIP IT SERVICES A1 7500.00JAIPRAKASH ASSOCIATES PR1 7000.00AMTEK AUTO PR1+ 5000.00SUNDARAM FINANCE P1+ 5000.00TGS INVESTMENT & TRADE A1+ 4000.00RELIANCE CAPITAL AAA 2500.00JINDAL STEEL & POWER AA 2500.00INDIAN HUME PIPES CO LTD PR1+ 2000.00Commercial PaperINDIABULLS FINANCIAL SERVICES P1+ 19012.84BOMBAY RAYON FASHIONS PR1 9433.96RELIGARE FINVEST A1+ 4852.82RELIANCE MEDIA WORKS A1 4723.24AFCONS INFRASTRUCTURE P1+ 4717.72NATIONAL ENGINEERING INDUSTRIES LTD PR1+ 2914.72ADLABS FILMS A1+ 960.77Bank DepositsUNION BANK OF INDIA 20000.00Cash ‘n’ Call, Current Assets & Receivables -92966.10








GROSS DIVIDEND DECLARED (Rs. Per Unit)

Last 1 year 5Last 3 year 8.07%Since Inception 7.08%Benchmark (C Fund ~LX) Return

.52%

3.68%


Aug-06 0.05345360

Sep-06 0.05495360

Oct-06 0.07181700

Nov-06 0.06095360

Dec-06 0.05386606

Jan-07 0.07841700

Feb-07 0.06585360

Mar-07 0.06555360

Apr-07 0.09231700

May-070.07105360

Jun-07 0.05555360

Jul-07 0.06071700

Aug-07 0.06475360

Sep-07 0.07391700

Oct-07 0.06845360

Nov-07 0.06515360

Dec-07 0.06975360

Jan-08 0.09361700

Feb-08 0.07255360

Mar-08 0.09801700

Apr-08 0.06945360

May-080.07005360

Jun-08 0.08871700

Jul-08 0.07485360

Aug-08 0.07655360

Sep-08 0.09821700

Oct-08 0.08135360

Nov-08 0.08115360

Dec-08 0.09231700

Jan-09 0.07085360

Feb-09 0.06962420

Mar-09 0.07181700

Apr-09 0.03985360

May-090.04605360

Jun-09 0.05971700

Jul-09 0.04655360 0.01800000

Aug-09 0.05031700 0.04310000

Sep-09 0.04205360 0.04370000

Oct-09 0.04145360 0.04470000

Nov-09 0.05021700 0.04350000

Dec-09 0.04255360 0.04530000

Jan-10 0.03438397 0.03830000

Feb-10 0.03385360 0.03630000

Mar-10 0.04981700 0.04860000

ANNUALISED RETURNS

NAV (Rs.) as on 31/03/2010: Daily Dividend : 10.0000;Monthly Dividend: 10.0488; Weekly Dividend: 10.0038; Growth: 14.6371

NAV (Rs.) as on 31/03/2010: Daily Dividend : 10.0000;Weekly Dividend: 10.1505; Growth: 15.1222

Month Weekly DailyMonth WeeklyMonth WeeklyMonth Weekly


LICMF BOND FUNDAn Open-ended Debt Scheme




DIVIDEND HISTORY

Last 1 yearLast 3 years 9.19%Since inception (09.05.1999) 9.02%

Benchmark (C CompBex) Return (Last 1 year) 5.40

6.41%

%

ANNUALISED RETURNS

PORTFOLIO RATING ANALYSIS



DEBT

I R F C AAA 1115.34

I O C L AA+ 1039.90


S A I L AAA(SO) 526.38

PUNJ LLOYD AA 524.20

H U D C O AA 521.89

GSEC 8.33% 2036 SOVEREIGN 502.20

JET AIRWAYS (JUS TRUST PTC) AAA(SO) 313.78


DEVELOMENT CREDIT BANK A- 1165.16

R E C AAA 1108.75

BOB HOUSING FINANCE(PTC NHB) AAA(SO) 31.91

ANDHRA BANK PTC (NHB) AAA(SO) 9.86

COMMERCIAL PAPER/ BANK DEPOSIT


Holdings Rating Mkt. Value(Rs.Lakhs)

LICMF G-SEC FUNDAn Open-ended Gilt Scheme


GSEC 7.95% 2032 SOVEREIGN 5304.20

GSEC 8.33% 2036 SOVEREIGN 2008.80

GOI-T BILL 91 DAYS 2476.93

Commercial Paper / Bank Deposit



Last 1 year

Last 3 years 5.21%

Since inception (29.11.1999) 7.91%

Benchmark (I Sec Composite Gilt) Return

Last 1 year 2.89%

2.15%

ANNUALISED RETURNS


NAV (Rs.) as on 31/03/2010Reg.: 10.2639 Reg.Gr.: 22.0616;

PF-Div. 12.1652; PF-Gr. : 12.7217

Securities Rating Mkt. Value (Rs. Lakhs) DIVIDEND HISTORY


Mar-01 3.50%

Jul-01 3.00%

Nov-01 3.50%

Mar-02 7.00%

Jul-02 3.00%

Oct-02 3.50%

Jan-03 4.00%

Apr-03 4.00%

Jun-03 3.50%

Sep-03 3.50%

Dec-03 3.00%

Mar-04 3.00%

Jun-04 0.75%

Sep-04 0.50%

Mar-09 2.00%

Jul-09 2.00%

Oct-09 2.00%

Jan-10 1.00%

Jan-10 (PF Option) 5.00%

Mar-10 (PF Option) o.50%

Expense Ratio (as on 31 ) : 1. %/03/2010 43


Mar-01 4.50%Jul-01 4.00%Nov-01 3.50%Mar-02 3.50%Jul-02 3.00%Oct-02 3.00%Jan-03 3.00%Jun-03 2.25%Sep-03 2.25%Dec-03 2.00%Mar-04 1.50%Jun-04 1.00%Sep-04 0.50%Dec-04 1.00%Mar-05 1.50%Jul-05 1.50%Oct-05 1.00%Jan-06 1.00%

Mar-06 1.00%Jul-06 2.00%Oct-06 4.00%Jan-07 1.00%Mar-07 1.00%Jul-07 2.50%Oct-07 2.50%Jan-08 2.00%Mar-08 1.50%Jul-08 1.50%Oct-08 1.50%Jan-09 2.00%Mar-09 2.50%Jul-09 2.00%Oct-09 2.00%Jan-10 2.00%Mar-10 0.50%





AA, AA-, A, PR1+(SO) & Others24.86%

Sovereign5.62%

AAA33.84%

AA11.64%

+

Money Market14.17%

AAA (SO) 9.87%

LICMF LIQUID FUNDAn Open-ended Liquid Scheme


Bonds / Debentures

WELSPUN GUJARAT STAHL ROHREN A+ 10570.00


I R F C AAA 4003.75

P F C AAA 2491.25

BHUSHAN STEEL & STRIPS PR1 30000.00

JSW STEEL PR1+ 24640.00

ALOK INDUSTRIES PR1+ 20000.00

DECCAN CHRONICLE PR1+ 14640.00

BAJAJ HINDUSTAN F1 10000.00

TULIP IT SERVICES PR1 10000.00

AMTEK AUTO PR1+ 10000.00

ALOK INDUSTRIES PR1 10000.00

SIVA VENTURES PR1+ 10000.00

JAIPRAKASH ASSOCIATES PR1 7000.00


DEWAN HOUSING FINANCE AA+ 5000.00


MAGMA LEASING AA 4500.00

MAGMA LEASING AA- 3000.00

Commercial Paper

INDIABULLS FINANCIAL SERVICES P1+ 34408.87

ABG SHIPYARD PR1+ 29398.85

RELIANCE SECURITIES A1+ 14852.44

RELIANCE CAPITAL A1+ 14508.38

RELIGARE SECURITIES P1+ 9887.02

ADLABS FILMS A1+ 7442.52

ESSAR SHIPPING PORTS & LOGISTICS PR1 5845.46

AFCONS INFRASTRUCTURE P1+ 4950.03

GAMMON PR1+ 4948.15

GARDEN SILK MILLS PR1+ 4946.34

JBF INDUSTRIES LTD PR1+ 3947.79

KEC INTERNATIONAL A1+ 1486.34

H C C PR1+ 1482.67

REDINGTON A1+ 994.86


Last 1 yearLast 3 year 7.41%Since Inception (18.03.2002) 6.70%Benchmark © Fund ~LX) Return (Last 1 year) 3.68

4.90%

%

ANNUALISED RETURNS








DIVIDEND HISTORY

Jun-04 0.0285Jul-04 0.0145Aug-04 0.0417Sep-04 0.0339Oct-04 0.0333Nov-04 0.0448Dec-04 0.0348Jan-05 0.0461Feb-05 0.0400Mar-05 0.0422Apr-05 0.03933992May-05 0.04240000Jun-05 0.04089337Jul-05 0.04210000Aug-05 0.04250000Sep-05 0.04100000Oct-05 0.04455476Nov-05 0.04749685Dec-05 0.04943670Jan-06 0.05202764Feb-06 0.04836850Mar-06 0.07196284Apr-06 0.05065708May-06 0.05328228Jun-06 0.05243226Jul-06 0.05969500Aug-06 0.06310000Sep-06 0.06340000Oct-06 0.06860000Nov-06 0.06750000Dec-06 0.06280627Jan-07 0.07300000Feb-07 0.06420000Mar-07 0.07660000Apr-07 0.07970000



May-07 0.07980000Jun-07 0.06120000Jul-07 0.05370000Aug-07 0.06730000Sep-07 0.06430000Oct-07 0.06980000Nov-07 0.07360000Dec-07 0.07930000Jan-08 0.07750000Feb-08 0.07470000Mar-08 0.07973000Apr-08 0.07280000May-08 0.07830000Jun-08 0.08110000Jul-08 0.08440000Aug-08 0.08610000Sep-08 0.08700000Oct-08 0.09810000Nov-08 0.08640000Dec-08 0.08750000Jan-09 0.07920000Feb-09 0.08620000Mar-09 0.06830000Apr-09 0.05280000May-09 0.04973000Jun-09 0.04820000Jul-09 0.04720000Aug-09 0.04590000Sep-09 0.04220000Oct-09 0.04770000Nov-09 0.04260000Dec-09 0.04340000Jan-10 0.03840000Feb-10 0.03170000Mar-10 0.03867927

Month Gross DividendMonth Gross Dividend

IDFC A1+ 124.12

Bank Deposits

H D F C BANK 20000.00

CENTRAL BANK OF INDIA 5000.00

PUNJAB NATIONAL BANK 2500.00


AAA, AA+, P1+ or Equivalent29.46%

Money Market & Other57.90%

P1, , A+Equivalent

9.44%

AA-- or

Bank Deposits3.20%


LICMF EQUITY FUNDAn Open-ended Equity Scheme

LICMF OPPORTUNITIES FUNDAn Open-ended Growth Scheme







Last 1 yearLast 3 year 3.41%Since Inception 11.90%Benchmark (BSE-200) Return Last 1 year 92.87%

62.00%ANNUALISED RETURNS


DIVIDEND HISTORYMonth DividendFeb-06 20.00%Oct-06 25.00%Nov-07 30.00%


EquityR I L 650.16I T C 349.29L & T 309.01O N G C 274.63RELIANCE INFRASTRUCTURE 259.57H D F C 244.16H D F C BANK 241.56I C I C I BANK 219.12BHARTI TELEVENTURE 218.33S B I 187.11PETRONET LNG 176.93JAIPRAKASH ASSOCIATES 168.36B H E L 166.98T I S C O 139.18IDEA CELLULAR 130.90INFRASTRUCTURE DEVELOPMENT FINANCE 128.88RELIANCE COMMUNICATION 128.03POWER TRADING CORPORATION OF INDIA 122.86HUL 107.42NDTV Ltd 103.79I O C L 89.03STERLITE INDUSTRIES 84.75ZEE TELEFILMS 81.92ORIENTAL BANK OF COMMERCE 80.21TATA CONSULTANCY SERVICES 78.08POWER GRID CORPORATION OF INDIA 75.01S A I L 72.54INDIA CEMENTS 65.90ADITYA BIRLA NUVO 64.89V S N L 64.49JINDAL STEEL & POWER 63.20ABAN OFFSHORE 61.17GRASIM INDUSTRIES 56.28KOTAK MAHINDRA BANK 56.18TATA POWER 54.90WIPRO 54.78ANDHRA BANK 54.05PUNJ LLOYD 53.22H P C L 47.77A C C 47.52TATA MOTORS 45.34RANBAXY LABORATORIES 42.74M U L 40.97SIEMENS 37.03HINDALCO 36.34SUZLON ENERGY 35.95H C L TECHNOLOGIES 35.78ALLAHABAD BANK 35.63AXIS BANK 35.07A B B 33.21INDIAN HOTELS 32.82PUNJAB NATIONAL BANK 30.40HERO HONDA MOTORS 29.14I D B I 28.75

An Open-ended Equity Scheme







Equity R I L 953.75L & T 504.17I T C 473.67JAIPRAKASH ASSOCIATES 467.66I C I C I BANK 419.19O N G C 413.37B H E L 405.53N T P C 399.49H D F C 393.36S B I 374.22RELIANCE INFRASTRUCTURE 352.44KOTAK MAHINDRA BANK 337.07PETRONET LNG 323.38BHARTI TELEVENTURE 290.07H D F C BANK 270.55I F C I 249.25TATA CONSULTANCY SERVICES 234.24IDEA CELLULAR 196.35I O C L 178.05V S N L 151.77WIPRO 147.01DLF 123.56S A I L 123.38A B B 107.99HUL 105.03ORIENTAL BANK OF COMMERCE 102.67ZEE TELEFILMS 100.07GRASIM INDUSTRIES 98.48TATA MOTORS 97.82TATA POWER 88.01ANDHRA BANK 86.48STERLITE INDUSTRIES 84.75POWER GRID CORPORATION OF INDIA 80.11INDIAN BANK 79.11M U L 76.90RELIGARE ENTERPRISES 71.24ADITYA BIRLA NUVO 70.42H C L TECHNOLOGIES 69.81SIEMENS 67.06INFRASTRUCTURE DEVELOPMENT FINANCE 64.44H P C L 63.69UNITECH 58.72G A I L 53.27INFOSYS TECHNOLOGIES 52.30I D B I 51.75DR REDDYS LABORATORIES 51.07PUNJAB NATIONAL BANK 50.67HINDALCO 48.67PUNJ LLOYD 44.35UNION BANK OF INDIA 39.55JINDAL STEEL & POWER 35.11AXIS BANK 35.07SUZLON ENERGY 28.76NDTV Ltd 24.42N H P C 24.13MUNDRA PORT & SEZ 23.71

ANNUALISED RETURNS


Last 1 year 72.25%Last 3 years 9.10%Since Inception 9.78%Benchmark (Sensex) Return Last 1 year 80.54%

DIVIDEND HISTORY

Month DividendMar-04 12.00%Mar-05 10.00%Nov-05 20.00%Oct-06 25.00%Nov-07 50.00%

UNION BANK OF INDIA 26.37DR REDDYS LABORATORIES 25.54BALARAMPUR CHINI MILLS LTD. 23.06N H P C 22.65UNITECH 22.02G A I L 20.49OIL INDIA 19.99SUN PHARMACEUTICALS 17.90MADRAS CEMENT 12.17M & M 10.90INDIABULLS POWER 9.49VIJAYA BANK 7.10S C I L 5.33AREVA T & D INDIA 4.63G A C L 3.59N T P C 3.34

JUBILANT ORGANOSYS 100.00

Total - Equity 6465.87

Debt 0.00

Total - Debt 0.00


CANARA BANK 20.52OIL INDIA 19.99HERO HONDA MOTORS 19.43A C C 19.01VOLTAS 17.73RELIANCE COMMUNICATION 17.07RANBAXY LABORATORIES 14.25INDIAN HOTELS 13.02T I S C O 12.65VIJAYA BANK 11.84G A C L 7.18INDIABULLS POWER 4.88MADRAS CEMENT 4.21JUBILANT ORGANOSYS 100.00PRADIP OVERSEAS 47.46Total - Equity 10246.40Debt 0.00Total Debt 0.00Cash ‘n’ Call, Current Assets & Receivables -6.02

SNAPSHOT

31st January 2005

The investment objective of the scheme is to provide capital growth in long-term with reasonable risk levels by investing mainly in companies which are in sector/s, which have a high growth potential at that point to time.


Dividend / Growth

Nil


Rs. 5000/-




Available


1st January 1997

To provide capital growth alongwith tax rebate and tax relief u/s 80 C to our investors through Prudent Investments in the stock market.

ELSS

Dividend / Growth

Nil

Nil

Rs. 500/-




Available


21st September 2004

The investment objective of the scheme is to generate regular income by investing mainly in floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk and at the same time aiming at generating capital appreciation in a long term by investing in equity / equity related instruments.

Debt

Plan A / Plan B

Monthly Div. / Quarterly Div. / Yearly Div. / Growth

Nil


Rs. 5000/-




Available


14th November 02

To provide capitalgrowth by investing in index stocks.

Equity - Index

Sensex / Nifty / Sensex Advantage

Dividend / Growth

Nil


Rs. 2000/-




Available


16th April 98

To obtain maximum possible maximum possible growth consistent with reasonable levels of safety and security by investing mainly in equities.


Dividend / Growth

Nil


Rs. 2000/-




Available


1st January 91

To provide regular returns & capital appreciation according to the slection of the plan by investing in equities & debt.

Balanced

Dividend / Growth

Nil


Rs. 1000/-




Available


Index Fund Growth Fund Balanced Fund Equity Fund

Opportunities Fund Tax Plan Floater MIP

SIP: Systematic Investment Plan; SWP: Systematic Withdrawal Plan; STP: Systematic Transfer Plan; AWOCA: Automatic Withdrawal of Capital AppreciationNote : SWP & AWOCA are available under growth options only.

1st September 99

To provide capital growth by investing in a mix of equity instruments.


Dividend / Growth

Nil


Rs. 2000/-




Available


Income Plus Fund

28th May 2007

To provide reasonable possible current income - consistent with preservation of capital & providing liquidity from investing in a diversified portfolio of Short-Term Money Market & Debt securities.

Debt

Dividend Frequency :Daily / Weekly / Monthly

Dividend / Growth

Nil

Nil

Rs. 5,00,000/-



STP

Available

Daily / Weekly / Monthly


LICMF INDEX FUNDAn Open-ended Index Linked Equity Scheme

EquityR I L 959.57INFOSYS TECHNOLOGIES 665.42I C I C I BANK 560.55L & T 518.59H D F C 362.94I T C 360.08H D F C BANK 354.72S B I 282.45TATA CONSULTANCY SERVICES 207.47T I S C O 204.03BHARTI TELEVENTURE 200.99B H E L 199.62O N G C 195.65STERLITE INDUSTRIES 181.12AXIS BANK 152.62JINDAL STEEL & POWER 142.58HUL 132.20HINDALCO 123.79M & M 120.05TATA POWER 118.77WIPRO 111.82TATA MOTORS 109.25GRASIM INDUSTRIES 101.39M U L 99.64G A I L 97.28N T P C 94.64HERO HONDA MOTORS 92.09CIPLA 91.09JAIPRAKASH ASSOCIATES 90.88INFRASTRUCTURE DEVELOPMENT FINANCE 80.20S A I L 77.42RELIANCE INFRASTRUCTURE 74.03PUNJAB NATIONAL BANK 71.76SUN PHARMACEUTICALS 71.30CAIRN INDIA 69.25RELIANCE COMMUNICATION 59.80DLF 58.68SIEMENS 58.41IDEA CELLULAR 55.16G A C L 52.07UNITECH 51.82A C C 50.15RELIANCE CAPITAL 45.30A B B 44.23H C L TECHNOLOGIES 39.77RANBAXY LABORATORIES 37.81B P C L 35.41POWER GRID CORPORATION OF INDIA 32.64RELIANCE POWER LTD 28.70SUZLON ENERGY 27.23Total Equity 8052.42Cash ‘n’ Call, Current Assets & Receivables 10.88

NIFTY PLAN - PORTFOLIO (as on 31 )/03/2010



Last 6 months 6.42%Last 1 year 67.62%Last 3 years 7.30%Since Inception 15.59%Benchmark NSE - Nifty Return (Last 6 months) 6.62&Benchmark NSE - Nifty Return (Last 1 year) 73.76%

ANNUALISED RETURNS

Equity R I L 447.25INFOSYS TECHNOLOGIES 324.43I C I C I BANK 270.03L & T 224.13H D F C BANK 179.88I T C 178.45H D F C 178.04S B I 151.27O N G C 119.75TATA CONSULTANCY SERVICES 116.63BHARTI TELEVENTURE 105.66B H E L 103.91T I S C O 99.86N T P C 87.83STERLITE INDUSTRIES 81.78HUL 66.25HINDALCO 62.20M & M 60.28TATA POWER 58.07TATA MOTORS 55.24







Last 6 months 4.08%Last 1 years 73.47%Last 3 years 5.98%Since Inception 17.48%Benchmark BSE - Sensex Return (Last 6 months) 4.75%Benchmark BSE - Sensex Return (Last 1 years) 80.54%

ANNUALISED RETURNS

SENSEX ADVT. PLAN PORTFOLIO (as on 31/03/2010)

Month Dividend (%)Nifty Sensex Sensex Advt.

Jan-04 16 15 17Aug-05 25Nov-05 40Jan-06 50Feb-06 50Nov-06 50Feb-07 50Mar-07 20 25Mar-08 20 15Jan-10 17.5









Last 1 yearLast 3 years 4.65%Since Inception 16.53%Benchmark BSE - Sensex Return (Last 1 year) 80.54

75.84%

%

ANNUALISED RETURNS

DIVIDEND HISTORY


Holdings Mkt. Value (Rs. lakhs)EqutiyR I L 64.51INFOSYS TECHNOLOGIES 45.69I C I C I BANK 37.28L & T 29.19I T C 25.00H D F C 24.61H D F C BANK 24.41O N G C 17.11S B I 16.32BHARTI TELEVENTURE 15.26B H E L 14.67NDTV Ltd 14.65T I S C O 13.68TATA CONSULTANCY SERVICES 13.66G A I L 12.29STERLITE INDUSTRIES 11.11H P C L 9.55HUL 9.33N T P C 9.17JAIPRAKASH ASSOCIATES 8.68TATA POWER 8.32M & M 8.05WIPRO 7.45M U L 7.22HERO HONDA MOTORS 6.86GRASIM INDUSTRIES 6.72HINDALCO 6.60TATA MOTORS 6.53UNITECH 5.87SUN PHARMACEUTICALS 5.39INFRASTRUCTURE DEVELOPMENT FINANCE 4.83DLF 4.62RELIANCE COMMUNICATION 4.55RELIANCE INFRASTRUCTURE 4.10ADITYA BIRLA NUVO 3.63A C C 3.50Total Equity 510.41


WIPRO 52.92M U L 51.96HERO HONDA MOTORS 49.44GRASIM INDUSTRIES 49.18JAIPRAKASH ASSOCIATES 44.58SUN PHARMACEUTICALS 37.83RELIANCE INFRASTRUCTURE 36.98DLF 33.25RELIANCE COMMUNICATION 31.51A C C 24.87Total Equity 3383.47Cash ‘n’ Call, Current Assets & Receivables 3.03

SCHEMES

26th March 99

To generate attractive returns for our investors by investing in quality debt securities and money market instruments.

Debt

Dividend / Growth

Nil


Rs. 5000/-




Available

Quarterly

15th November 99

To generate steady and consistent returns for our investors by timing the government securities market.

Debt - Gilt

PF / Regular

Dividend / Growth

Nil


Regular Plan: Rs. 5,000/-PF Plan: Rs. 10000/-




Available

Quarterly

26th September 01

To generate long term capital appreciation through judicious mix of quality debt & equity instrument at moderate risk levels through research based investments.

Balanced

Growth

Nil


Rs. 5000/-




Available


29th May 03

To generate income by investing in a portfolio of quality short term debt securities.

Debt - Short Term

Dividend / Growth

Nil

Nil

Rs. 5000/-




Available

Monthly / Daily / Weekly

Bond Fund G-Sec Fund Savings Plus Fund Children’s Fund

11th March 02

To generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market and quality debt instruments

Debt - Liquid

Dividend / Growth

Nil

Nil

Rs. 25000/-


On all days

STP

Available

Daily

1st June / 03

To generate regular income by investing mainly in quality debt and money market instruments with some portion in equity/equity related instruments for long term capital appreciation.

Debt

Monthly Div./Quarterly Div. Yearly Div./Growth

Nil


Rs. 5000/-




Available


15th March 2004

To generate consistent returns by investing mainly in floating rate instruments/fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk for the investor.

Debt - Floating

Dividend / Growth

Nil

Nil

Rs. 5,000/- and thereafter in multiples of Rs. 500/-.


On all days


Available

Daily / Weekly

19th June 89

To generate long term capital appreciation and offer Tax rebate u/s 80 C as well as additional benefits of a life & insurance cover free accident insurance cover.

Insurance linked tax saving

Single Premium-5/10 year termRegular Contribution-10/15 year term

Dividend Re-investment

Nil

Nil

Rs. 10000/- under Single Premium Rs. 1000/- under Regular Premium- yearly option, Rs. 100/- under Regular Premium - monthly option



SIP / STP

Available


Liquid Fund Monthly Income Plan Unit Linked Insurance Scheme Floating Rate Fund - STP

Launch Date

Objective

Type

Plans

Options

Entry Load

Exit Load

Minimum Investment

Liquidity

NAV Declaration

Special Facilities

Nomination

Dividend Frequency

Launch Date

Objective

Type

Plans

Options

Entry Load

Exit Load

Minimum Investment

Liquidity

NAV Declaration

Special Facilities

Nomination

Dividend Frequency


LICMF GROWTH FUNDAn Open-ended SchemeGrowth




Last 1 year 83.87%Last 3 year 6.72%Since Inception 9.27%Benchmark (Sensex) Return - last 1 year 80.54%

ANNUALISED RETURNS




EquityR I L 655.54L & T 569.22I T C 518.41O N G C 483.34S B I 447.67I C I C I BANK 390.61H D F C BANK 358.87B H E L 292.17H D F C 230.59RELIANCE INFRASTRUCTURE 229.62BHARTI TELEVENTURE 210.53B E M L 157.81TATA CONSULTANCY SERVICES 156.16G A I L 150.93ZEE TELEFILMS 150.42T I S C O 149.29WIPRO 141.36POWER TRADING CORPORATION OF INDIA 138.44INDIA CEMENTS 131.80A B B 124.53HUL 123.70DLF 123.56JAIPRAKASH ASSOCIATES 119.72IDEA CELLULAR 114.54S A I L 110.79VOLTAS 107.33INDIAN BANK 105.48BALARAMPUR CHINI MILLS LTD. 92.25SIEMENS 88.87PUNJ LLOYD 88.70ANDHRA BANK 86.48ADITYA BIRLA NUVO 77.24TATA CHEMICALS 77.00INFRASTRUCTURE DEVELOPMENT FINANCE 72.50TATA MOTORS 71.79I D B I 71.36ALLAHABAD BANK 71.25RANBAXY LABORATORIES 71.24RELIGARE ENTERPRISES 70.90GRASIM INDUSTRIES 70.34N T P C 69.40STERLITE INDUSTRIES 67.80V S N L 67.73UNION BANK OF INDIA 67.38ORIENTAL BANK OF COMMERCE 64.17MERCATOR LINES 55.65ESSAR SHIPPING 55.46PETRONET LNG 53.20DR REDDYS LABORATORIES 51.07H P C L 47.77H C L TECHNOLOGIES 45.77HINDALCO 45.43PUNJAB NATIONAL BANK 44.59INFOSYS TECHNOLOGIES 43.07SYNDICATE BANK 43.03RELIANCE COMMUNICATION 42.68TATA POWER 41.18HERO HONDA MOTORS 38.85KOTAK MAHINDRA BANK 37.45NDTV Ltd 36.63SUN PHARMACEUTICALS 35.79ULTRA TECH CEMCO 34.69S C I L 33.94IVRCL INFRASTRUCTURES & PROJECTS 33.08MUNDRA PORT & SEZ 31.61AREVA T & D INDIA 30.47IRB INFRASTRUCTURE DEVELOPERS 29.09SUZLON ENERGY 28.76JINDAL STEEL & POWER 28.09M & M 26.44AXIS BANK 23.38N H P C 22.65OIL INDIA 19.99NEYVELI LIGNITE CORPORATION 16.31UNITECH 14.68

LICMF TAX PLANAn Open-ended ELSS


DIVIDEND HISTORY

Month DividendMar-04 20.00%Mar-05 30.00%Aug-05 10.00%Mar-06 20.00%Oct-06 25.00%May-07 10.00%Oct-07 15.00%





Holdings Mkt. Value %

(Rs. Lakh) ContributionEquityR I L 300.90I T C 235.43S B I 222.45O N G C 208.72L & T 197.19H D F C 162.77I C I C I BANK 161.96RELIANCE INFRASTRUCTURE 149.75H D F C BANK 135.28BHARTI TELEVENTURE 130.52TATA CONSULTANCY SERVICES 124.93IDEA CELLULAR 117.81HUL 107.42B H E L 107.35NDTV Ltd 83.27ADITYA BIRLA NUVO 78.70T I S C O 73.39V S N L 70.10KOTAK MAHINDRA BANK 63.89DLF 63.32RELIANCE COMMUNICATION 61.09WIPRO 60.08A B B 58.11M U L 56.19RELIGARE ENTERPRISES 55.87CENTURY TEXTILES 53.74CONCOR 51.55INDIAN BANK 43.95GRASIM INDUSTRIES 42.21ZEE TELEFILMS 40.29INFRASTRUCTURE DEVELOPMENT FINANCE 40.28S A I L 38.33TATA MOTORS 37.79ALLAHABAD BANK 35.63STERLITE INDUSTRIES 33.90INDIA CEMENTS 32.95G A I L 32.80ANDHRA BANK 32.43SUZLON ENERGY 32.36JAIPRAKASH ASSOCIATES 30.68I O C L 29.68JINDAL STEEL & POWER 28.09UNION BANK OF INDIA 26.37DR REDDYS LABORATORIES 25.54RANBAXY LABORATORIES 23.75BALARAMPUR CHINI MILLS LTD. 23.06MUNDRA PORT & SEZ 22.92H C L TECHNOLOGIES 22.92PUNJAB NATIONAL BANK 20.55NALCO 20.32HERO HONDA MOTORS 19.43VOLTAS 17.73I D B I 17.25SIEMENS 14.81UNITECH 14.68TATA POWER 13.73H P C L 12.74N H P C 10.25

Holdings Market Value(Rs. in Lakhs)

Last 1 year

Last 3 years 4.09%

Since Inception 8.45%

Benchmark (Sensex) Return Last 1 year 80.54

64.05%

%

ANNUALISED RETURNS

DIVIDEND HISTORYMonth Dividend

Oct-07 15.00%

NAV (Rs.) as on 31/03/2010: DIVIDEND: 10.7529; GROWTH: 12.1241

NAV (Rs.) as on 31/03/2010; Dividend: 9.8006; Growth: 27.3731

Money Mkt.3.99%

Equity96.01%

Money Mkt.4.82%

Equity95.18%

INDIAN HOTELS 13.33VIJAYA BANK 11.84JET AIRWAYS (INDIA) 11.14A C C 9.50POWER GRID CORPORATION OF INDIA 8.48G A C L 5.09INDIABULLS POWER 4.88ELDER PHARMACEUTICALS 2.88JUBILANT ORGANOSYS 100.00PRADIP OVERSEAS 47.46Total Equity 9144.18Debt 0.00Total - Debt 0.00Commercial Paper / Bank Deposit 0.00Cash ‘n’ Call, Current Assets & Receivables 463.02

OIL INDIA 7.26VIJAYA BANK 7.10INDIABULLS POWER 5.24INDIAN HOTELS 5.13G A C L 5.09JUBILANT ORGANOSYS 50.00PRADIP OVERSEAS 15.19Total Equity 4124.14Debt Total - Debt 0.00Commercial Paper / Bank Deposit 0.00Cash ‘n’ Call, Current Assets & Receivables 171.35

Market Review

DEBT REVIEW :

Money market was easy and the call rates were soft through out the month on account of ample cash with the Bank & improved liquidity condition except at the end of the month. Call rates traded at 2.25 –5.75 % and CBLO at 3% to 4.95% at the end of the month.10-year GSEC yield as on March 30 was 7.73% compared to 7.86% at month ago.

Headline inflation, as measured by the wholesale price index, has risen to 9.89 per cent for February from a low of 1.34 per cent in October last year, led by high food prices. Food inflation fell to 16.30 per cent for the week ended March 6 on easing prices of pulses and vegetables, but fuel inflation shot up to 12.68 per cent. The rise in fuel prices is as a result of the budgetary announcement of a hike in excise and customs duty on petrol and diesel.

The Reserve Bank of India raised the two policy interest rates — the repo and the reverse repo rates — by an identical 0.25 percentage point. The repo rate, the rate at which banks borrow from the central bank, is now 5 per cent while the reverse repo rate, the rate at which banks deposit their surplus with the central bank, is 3.50 per cent.

The 63 per cent of Government borrowing from budgeted Rs 457143 Crores will be completed by the September, which will help corporates and institutions to raise fund and have better access to external commercial borrowing.

In order to achieve the targeted levels for GDP growth and fiscal deficit, there is very close possibility of first curbing inflation through rate hikes. Liquidity in the financial market would continue to be at comfortable levels during the coming period though the rate hikes are expects. However, the G-Sec yields would continue to be range bound.

EQUITY MARKET:

The bulls were back with a bang in fiscal FY'10, offsetting the losses incurred by investors in previous financial year.

The returns from investments in this fiscal have soared to 80.5 per cent. The Bombay Stock Exchange benchmark Sensex settled at 17,527.77 points on March 31, 2010, from 9,708.5 points at the end of March 31, 2009. The Sensex had jumped to its two-year high level of 17,793 points on March 29 driven by strengthening of the rupee against the US dollar. During FY'09, the 30-share index had plunged to 9,708.50 points from 15,644.44 points, losing nearly 38 per cent.

The 50-share benchmark Nifty gained 73.76% by settling down at 5249.10 points on 31st March 2010, from 3020.95 at the end of 31st March 2009.

Sectoral Returns:

The BSE Mid-cap index, which comprises 248 stocks, gained 130.20 per cent (-54% in FY09) where as the BSE Small-cap index gained 162% (-58.60% in FY09) in the Fy10.

According to an analysis of MSCI Barra indices, a measure of returns from various stock markets across the world for foreign investors, Indian stocks have outperformed their global peers, including in the US, the UK and China in FY2009-10.

Indian stocks (large and mid-caps) have provided a return of 113.58 per cent in the 12 months period ended March 31, 2010, against 77.26 gains provided by MSCI Barra's emerging market index, covering all developing nations. Among the emerging BRIC (Brazil, Russia, India and China) nations as well, the Indian stocks gave the highest returns, gaining 113.5 per cent in the past financial year.

Institutional activities:

FIIs did a net investment of Rs.20, 644.40 crore in Indian stock markets in 2009-10. as against the net selling of Rs.6151.50 crore in 2008-09.

In March'10 the FIIs were the net buyers for Rs.19928.20 crore as against the Domestic Mutual Funds who were the net sellers for Rs.3806.90 crore.

Weak dollar against rupee and government's massive divestment plans attracted the foreign funds in fiscal 2009-10.

Primary Market Operations:

The positive movement in the secondary market led to the revival of the Primary market. In FY 09-10, total 44 companies including the PSUs raised a whopping Rs 47,867 crore during the April 2009 to March 31, 2010 period.

28 companies came out with IPOs during April-January 2009-10 raising a total of Rs 23,731.88 crore, almost 10 times higher than Rs 2,058.51 crore mobilised by 20 companies during the same period in 2009-2009.

Disinvestments:

The government had set a target of Rs.25000 crore to be collected through follow-on offers. During the year the government collected Rs.23, 552 crore from disinvestments in the companies viz. NHPC, Oil India Ltd., Rural Electrification Corporation, NTPC and NMDC. The NMDC's FPO was the biggest public offer of the fiscal that collected Rs.9930 crore.

Turnaround in 2009-10:

Spectacular comeback of United Progressive Alliance in May'2009 Lok Sabha Elections was a major turnaround in the Equity Market. The Sensex moved up by 2000 points on the same day and the trading was halted for the day. After that the bulls took over the charge. Inspite of poor monsoon in the current fiscal, the economic revival was seen due to improvement in industry and service sectors. Various stimulus packages provided by the Government started reaping the results. The major global events like Dubai World Debt crisis, debt crisis in Greece did not affect the Indian equity market much.

The Union Budget announced on 26th February 2009 that was in line with the market expectations. The macro economic targets of fiscal deficit target of 5.5% in FY11, GDP growth of 7.2% in FY10, ambitious borrowing program and the announcements like allocation of 46% of total plan outlay to infrastructure, additional banking licenses and bank capitalization, rural and social sector development program was well taken by the markets.

Going ahead..

The beginning of the financial year will be very eventful. The Q4 corporate results, RBI Monetary Policy, IIP data, Inflation data, 3G Auction will make the equity market vibrant.

A consistent uptrend in industrial production, non-oil imports, and bank credit depict clear signs of a demand revival. The inflation is rising due to food items and it is slowly spreading in non-food segment. The rupee appreciation against dollar and the rise in the oil prices above $80 are getting compensated in the inflation. The Central Bank has already increased the rates by 25 bps. Now it is expected that in the Monetary policy that will be presented on 20th April of 2010 will come with further rate hike. However, with a constant capital inflow of foreign money in India, RBI has very difficult task of money management.

The post-budget rally in the equity markets driven by sustained buying by foreign funds continued after the Global credit rating agency Standard & Poor's revised the outlook on India to stable from negative due to improved government finances. The robust advance tax payment figures by top companies are indicating good Q4 results. The data released from time to time on exports, IIP are all growth indicators.

Hence, going forward the Indian equity market will outperformed the global market and as a asset class, Equity will give a higher returns in the medium to long term.

Index Close % Ret.

Metals 17973.81 210.16

CD 4220.71 159.66

AUTO 7671.24 150.56

BANK 10652.35 137.20

IT 5237.50 129.14

CG 14081.74 117.78

REAL 3273.56 109.73


LICMF UNIT LINKED INSURANCE SCHEME An Open-ended Insurance linked Tax Saving Scheme



NAV (Rs.) as on 31/03/2010 : 9.5886

Last 1 year 32.28%Last 3 years 5.50%Since Inception 11.82%Benchmark (C BalanceEx) Return (Last 1 year) 47.70%

ANNUALISED RETURNS



Equity S B I 1018.71BHARTI TELEVENTURE 748.56H D F C 623.96L & T 601.75TATA POWER 513.74JAIPRAKASH ASSOCIATES 469.48R I L 429.86B H E L 405.53POWER GRID CORPORATION OF INDIA 348.24CIPLA 303.39TATA TEA 293.88RELIANCE COMMUNICATION 256.05G A C L 239.30SIEMENS 222.17G A I L 184.41O N G C 153.79TATA MOTORS 151.14N M D C 138.25TATA CONSULTANCY SERVICES 117.12PUNJAB NATIONAL BANK 81.08JUBILANT ORGANOSYS 100.00



Holdings(Rs. in Lakhs)

Rating Market Value

DebtPUNJ LLOYD AA 1336.93SHRIRAM TRANSPORT FINANCE AA 229.70DECCAN CHRONICLE AA 216.49RELIANCE CAPITAL AAA 420.14

TOTAL - DEBT 2203.26Commercial Paper 0.00

TOTAL - Commercial Paper 0.00






Bonds / DebenturesMUNDRA PORT & SEZ AA 27500.00RELIANCE CAPITAL AAA 15000.00I C I C I BANK AAA 1500.00RANBAXY HOLDING A1+ 50000.00VIDEOCON INDUSTRIES F1 20000.00BHUSHAN POWER AND STEEL PR1 20000.00RELIANCE CAPITAL AAA 15000.00TRAPTI TRADING & INVESTMENT A1+ 11000.00ALOK INDUSTRIES PR1+ 10000.00SIVA VENTURES PR1+ 10000.00BAJAJ HINDUSTAN F1 10000.00ARCH PHARMALABS PR1+ 10000.00BHUSHAN STEEL & STRIPS PR1 10000.00TGS INVESTMENT & TRADE A1+ 7500.00MAGMA FINCORP PR1+ 7500.00ARCH PHARMALABS F1 7500.00MAGMA LEASING AA- 7000.00TURQUOISE INVESTMENT P1+ 5000.00ARCH PHARMALABS A1 4500.00COX AND KINGS PR1 2500.00JINDAL STEEL & POWER AA 2500.00SHRIRAM TRANSPORT FINANCE AA 800.00Commercial PaperINDIABULLS FINANCIAL SERVICES P1+ 56869.93RELIGARE FINVEST A1+ 56504.51RELIGARE SECURITIES P1+ 38148.12MUNDRA PORT & SEZ A1+ 28441.52JAIPRAKASH ASSOCIATES PR1 28125.23ESSAR STEEL F1 28065.37ERA INFRA ENGINEERING PR1 18915.34RELIANCE CAPITAL A1+ 18853.12H C C PR1+ 16560.86TELEVISION EIGHTEEN A1+(SO) 9630.88ADLABS FILMS A1+ 9607.67RELIANCE MEDIA WORKS A1+ 9499.02EXIM P1+ 9469.70RELIANCE MEDIA WORKS A1 9457.12IL&FS INFRSTUCTURE LEASING A1+ 9444.31SAPOORJI PALLONJI A1+ 9435.43BOMBAY RAYON FASHIONS PR1 9433.96RELIANCE COMMUNICATION PR1+ 9416.32MERCATOR LINES PR1+ 9391.24FUTURE CAPITAL HOLDINGS PR1+ 9391.24BHUSHAN POWER AND STEEL F1+(SO) 9382.45TATA MOTORS FINANCE A1 9351.84AFCONS INFRASTRUCTURE P1+ 4717.72ICICI SECURITIES P1+ 4717.72PATEL ENGINEERING PR1+ 4702.23BILT GRAPHIC PAPER F1+ 4667.23BHARAT HOTELS PR1+ 2817.37SP FABRICATORS P1 2810.79BHARAT FORGE A1+ 2440.49RAYMOND PR1+ 2439.84KEC INTERNATIONAL A1+ 2425.25PUNJ LLOYD PR1+ 2342.73J K PAPER A1 2317.43



NAV (Rs.) as on 31/03/2010

Daily Dividend : 10.0000 Weekly Dividend : 10.0047Monthly Dividend : 10.0481 Growth : 12.3640

LICMF INCOME PLUS FUNDAn Open-ended Debt Scheme

DIVIDEND RECORD

Year Rate1989-90 12.50%1990-91 13.00%1991-92 13.50%1992-94 (18 months) 15.00%1994-95 7.50%1996-97 6.00%1997-98 10.00%1999-00 10.00%

Year Rate2001-02 10.00%2002-03 7.50%2003-04 17.00%2004-05 20.00%2005-06 28.00%2006-07 44.00%2007-08 30.00%2008-09 0.00%

Jul-08 0.07880000 0.08860000 0.07910000Aug-08 0.07820000 0.07560000 0.07870000Sep-08 0.08850000 0.09690000 0.08890000Oct-08 0.09410000 0.08220000 0.09450000Nov-08 0.07390000 0.07850000 0.07510000

Dec-08 0.08630000 0.09820000 0.09370000Jan-09 0.07070000 0.05430000 0.07080000Feb-09 0.05580000 0.05660000 0.05590000Mar-09 0.06120000 0.06460000 0.06140000Apr-09 0.03920000 0.03839740 0.03920000May-09 0.04840000 0.04490000 0.04800000Jun-09 0.05200000 0.05690000 0.05220000Jul-09 0.05070000 0.04670000 0.05070000Aug-09 0.04070000 0.04650000 0.04090000Sep-09 0.04230000 0.04020000 0.04250000Oct-09 0.03850000 0.03500000 0.03850000Nov-09 0.04010000 0.03670000 0.04010000Dec-09 0.04160000 0.03880000 0.04160000Jan-10 0.03810000 0.03840000 0.03820000Feb-10 0.03610000 0.03340000 0.03610000Mar-10 0.04810000 0-04860000 0-0481000

Month Daily Weekly Monthly



Avg. Maturity (in months) : 5.65Avg. Duration (in months) : 5.37

Expense Ratio (as at 31 ) : 2.2 % /03/2010 5

Last 1 year 5.29%Since Inception 7.76%Benchmark (C Fund ~ LX) Return - last 1 year 3.68%

ANNUALISED RETURNS


DIVIDEND DECLARED

E I D PARRY P1+ 1895.11NATIONAL ENGINEERING INDUSTRIES LTD PR1+ 1461.74ELECON ENGINEERING COMPANY PR1+ 1330.49NRB BEARING P1+ 975.94Certificate of DepositI D B I BANK A1+ 9471.07Bank DepositsALLAHABAD BANK 30000.00UNION BANK OF INDIA 10000.00


Money Mkt.10.88%

Debt 20.45%

.

Equity68.67%

Vide Press Release dated 19th March 2010 Fitch Ratings has revised the National rating of LIC Liquid Fund to 'AAAmmf(ind)' from 'AA(ind)', following the implementation of the agency's new National Money Market Funds Rating Criteria and rating scale (For further information, please see the criteria report entitled, 'National Scale Money Market Fund Rating Criteria', dated 15 March 2010, which is available at www.fitchratings.com).

The 'AAAmmf(ind)' rating reflects the fund's extremely strong capacity to achieve its investment objectives in preserving principal and providing shareholder liquidity through limiting exposure to credit, market and liquidity risks, relative to all other short-term investments in India.

LIC Liquid Fund investment guidelines ensure Weighted Average Days to Final Maturity (WAMF) as well as Weighted Average days to Interest Rate Reset (WAMR) to remain below 120 days and 60 days, respectively. As of 28 February 2010, the fund's WAMF was 24 days and WAMR was 15 days. Securities rated 'AAA(ind)'/'AA+'/'AA(ind)'/'F1+(ind)' or equivalent, constitutes more than 90% of the portfolio, while the minimum credit rating of the securities held was 'F1(ind)' or equivalent. Fitch notes that the credit quality of the fund has improved over the last 12 months. The fund's investor base is adequately diversified.

Fitch has considered the fund's investment policies, management capability and commitment, risk management procedures and supporting controls in ensuring consistency with management's objectives.

Fitch's National Money Market Fund Ratings for India are assigned on a scale of 'AAAmmf(ind)' through 'Bmmf(ind)' on a rating scale similar to that of Fitch's National Long-term credit ratings and are not internationally comparable.

Applicable Criteria available on Fitch's website at www.fitchratings.com and www.fitchindia.com 'National Scale Money Market Fund Rating Criteria' published on 15 March 2010.

All Fitch Credit Ratings are subject to certain Limitations and Disclaimers. Please read these Limitations and Disclaimers by following this link: http://fitchratings.com/understandingcreditratings.

RATING OF LICMF LIQUID FUND

NAV Date Sensex NAV Monthly Accumulated Units Unit Value of Return BenchmarkLevel SIP Investment Purchase Accumulated Investment SIP Return

4-Mar-08 18663.16 11.0832 1,000 1,000 90.23 90.23 1,000.00 0.00 0.004-Apr-08 16542.08 10.0982 1,000 2,000 99.03 189.25 1,911.13 -4.44 -11.374-May-08 15343.12 11.2190 1,000 3,000 89.13 278.39 3,123.24 4.11 -17.794-Jun-08 17490.90 9.8582 1,000 4,000 101.44 379.83 3,744.41 -6.39 -6.284-Jul-08 15769.72 8.8153 1,000 5,000 113.44 493.27 4,348.29 -13.03 -15.504-Aug-08 13454.00 9.8312 1,000 6,000 101.72 594.98 5,849.40 -2.51 -27.914-Sep-08 14961.07 9.8901 1,000 7,000 101.11 696.09 6,884.44 -1.65 -19.844-Oct-08 14483.83 8.4856 1,000 8,000 117.85 813.94 6,906.78 -13.67 -22.394-Nov-08 12526.32 7.1614 1,000 9,000 139.64 953.58 6,828.96 -24.12 -32.884-Dec-08 10120.01 6.2547 1,000 10,000 159.88 1,113.46 6,964.35 -30.36 -45.784-Jan-09 8965.20 6.9895 1,000 11,000 143.07 1,256.53 8,782.52 -20.16 -51.964-Feb-09 10275.60 6.3001 1,000 12,000 158.73 1,415.26 8,916.27 -25.70 -44.944-Mar-09 9090.88 5.7785 1,000 13,000 173.06 1,588.31 9,178.07 -29.40 -51.294-Apr-09 8197.92 6.9624 1,000 14,000 143.63 1,731.94 12,058.47 -13.87 -56.074-May-09 10348.83 8.0219 1,000 15,000 124.66 1,856.60 14,893.46 -0.71 -44.554-Jun-09 12131.08 10.6914 1,000 16,000 93.53 1,950.13 20,849.66 30.31 -35.004-Jul-09 15103.55 10.8333 1,000 17,000 92.31 2,042.44 22,126.38 30.16 -19.074-Aug-09 14913.05 10.9927 1,000 18,000 90.97 2,133.41 23,451.95 30.29 -20.094-Sep-09 15903.83 11.0041 1,000 19,000 90.88 2,224.29 24,476.27 28.82 -14.784-Oct-09 15689.12 11.8458 1,000 20,000 84.42 2,308.70 27,348.45 36.74 -15.944-Nov-09 16866.41 10.9591 1,000 21,000 91.25 2,399.95 26,301.32 25.24 -9.634-Dec-09 16063.90 11.8509 1,000 22,000 84.38 2,484.33 29,441.60 33.83 -13.934-Jan-10 17101.54 12.1925 1,000 23,000 82.02 2,566.35 31,290.25 36.04 -8.374-Feb-10 17686.24 11.4941 1,000 24,000 87.00 2,653.35 30,497.91 27.07 -5.234-Mar-10 16971.70 11.8271 1,000 25,000 84.55 2,737.90 32,381.44 29.53 -9.061-Apr-10 17692.62 12.1889 1,000 26,000 82.04 2,819.94 34,372.01 32.20 -5.20

Total 2,819.97

Mr. A’s

Equity markets have thrown open various opportunities for investments since its lowest in 2009. It is during this time that a disciplined approach towards investments in equities reaps benefit. Have a look at Mr.A's investment through SIP of Rs.1000 every month in the growth option shown in the table below.

S I P Series 4 - LICMF GROWTH FUND : Invest Smartly

Having invested an amount of Rs.1000/- per month for 26 months starting from March 08 has helped to accumulate more units as compared to the lump-sum investment of Rs.26000/- due to volatility of equity market thereby reducing the cost. Hence, total units of 2,819.97 accumulated through SIP at the current NAV of Rs.12.1889 fetched Rs.34,372.01 or 32.20% returns with investment of Rs.26000. The lump-sum investment of Rs.26000 on 4th March 2008 would give return of around 10%.

Mutual Fund Investments are subject to market risks. Please read the scheme information document carefully before investing. Past performance may or may not be sustained in future.

FITCH REVISES LICMF LIQUID FUND'S RATING TO 'AAAMMF(IND)'

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4th Floor, Industrial Assurance Bldg., Opp. Churchgate Station, Mumbai 400 020. Tel. : 22812038 Fax : 22880633 E-mail: [email protected] visit us at www.licmutual.com

Statutory Details: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. LIC Mutual Fund Asset Management Co. Ltd. is the Investment Manager to the Fund. RISK FACTORS: Mutual Funds and Securities investments are subject to market risks and there is no assurance and no guarantee that the objectives of the Mutual Fund will be achieved. As with any investment in stocks and shares, the NAV of the units issued under the scheme can go up or down depending on the factors and forces affecting the securities markets. The Sponsor is not responsible for or liable to any loss resulting from the operations of the scheme beyond their initial contribution of Rs. 2 Crore towards the setting up of the Mutual Fund. Past performance of the Sponsor/AMC/Mutual Fund does not indicate the future performance of the schemes of the Mutual Fund. The NAV of units of the scheme may be affected by changes in general level of interest rates. Please read the scheme information document carefully before investing.

Investment Manager:

PLACE ADDRESS LANDLINE MOBILE

AHMEDABAD Jeevan Sadan, 3rd Flr, LIC Bldg, Opp. Capital Commercial Center, 9328638838

BANGALORE No.4, Canara Mutual Building (Opp. Cash Pharmacy), 2nd Floor, Residency Road, BANGALORE-560025. 080-22210180 / 22295598 9845172957 / 9972092957 / 9986500721

BHUBANESHWAR OCHC Building, Ground Floor, 24-Janpath, Unit-3, BHUBANESHWAR-751001. 0674-2390694 9438132162 /9438081037 /9438526420

CHENNAI 15, Anna Salai, Next to V.G.P. Bldg., CHENNAI - 600002. 044-28411984 / 28555883 9382315850 / 9940286305 /9962526278

DEHRADUN 110, Tagore Villa, Chakrata Road, DEHRADUN - 248 001 0135 - 2650749 9410702598 / 9412039057 /9410702598

ERNAKULAM 11th Floor, Jeevan Prakash, M.G. Road, Ernakulam, KOCHI - 682011 0484-2367643 9895036554 / 9745612888 / 9946710555

GOA T 9/10, 3rd floor, Alfran Plaza, Opp. Don Bosco High School, M. G. Road, Panaji, GOA-403001. 0832-2420561 9421151400 / 9890711551 /9370643076

GUWAHATI LICMF AMC Ltd., C/o LIC of India, Jeevan Deep Building, M. L. Nehru Road, Panbazar, GUWAHATI -781 001 0361 - 2735323 9435040478 / 9864152899

HYDERABAD LIC Mutual Fund, House No. 5-9-57, 4th Floor, Jeevan Jyoti Building, Basheerbagh, HYDERABAD - 500029. 040-23244445 / 23210572 9392471583 / 9000444850 / 9000550850

INDORE U.V. Business Centre, 1st Floor, Snehil 9/1-A South Tukoganj, INDORE - 452001. 0731-2520262 / 4069162 9753242050 / 94258701269981511435

JAIPUR 327 - A, 3rd floor, Ganpati Plaza, M. I. Road, JAIPUR - 1. 0141-5112620 9460873120 / 9829098323 / 9929095005

KANPUR Jeevan Vikas, 16/98, M.G. Road, KANPUR - 208001. 0512-2360240 / 3244949 9839923499 / 9984006600 /9838038440 / 9389052340 /9889085736

KOLKATA Ground Floor, Hindustan Building Annexe, 4, Chittaranjan Avenue, KOLKATA - 700072. 033-22129455 / 65290605 9432128113 / 9830689965 /9831983005 / 9051068127 / 9474424374 / 9339531895

LUCKNOW 7th Floor, Jeevan Bhavan 2, Naval Kishore Road, Hazrat Ganj, Lucknow - 226 001 0522-2231186 / 4045203 9415060134 / 9453016072

LUDHIANA LICMF AMC LTD., Rm No. 102-103, 1st Fl, S.C.O. 18, Opp. Stock Exch., Feroze Gandhi Mkt, Ludhiana-141 001. 0161 - 2405805 / 2405806 9814703558 / 9872106060

MADURAI C/o LIC of India, D.O., Near SDM Secretariat, Bridge Station road,Sellur, Madurai - 625 002 0452 - 2535105 9442109039

MANGALORE LICMF AMC Ltd., No. 6, Gr. Floor, Popular Building, K S Rao Road, Managalore - 575 001 0824 - 2411482 9845190466 / 9980950466 /9845758228

MUMBAI - I LIC Mutual Fund, 5th Floor, Industrial Assurance Bldg., Opp. Churchgate Station, MUMBAI - 400020. 022-22885971 / 22817162 / 63 9324543832 / 9320762764 / 9004664110 / 9820137844 /

9930957772 / 9892550455 /9870775600

MUMBAI - II 103, First Floor, A Wing, BSEL Tech Park, Opp. Vashi Railway Station, Navi Mumbai - 400 705. 022-2781 2522 9820002994 / 9702882224 / 9371617717 / 9619365895 /

9595977222

NAGPUR LIC Mutual Fund AMC Limited, Jeevan Seva Bldg., Mount Road, Sadar, Nagpur - 440 001. 0712 - 2542497 9422113800 / 9975724030 /9922402272

NASHIK Shop No.2, Ground Floor, Rajvee Enclave, New Pandit Colony, NASHIK - 422002. 0253-2579507 9922996155 / 9823366379

NEW DELHI 7th Floor, Jeevan Prakash, 25 K.G. Marg, NEW DELHI - 110001. 011-23359190/23314396 9716481681 / 9818610867 / 9818630124 / 9818191263 /9891736008 / 9871814850

PATNA Ground floor, Jeevan Jyothi Bldg. Exhibition Road, PATNA - 800001. 0612-2501157/6452757 9470610695 / 9431023274 /9472082999

PUNE C/o LIC of India, Pune D.O.-I,6/7, Shivaji Nagar,University Road, Pune - 411 005 020 - 25537301 9822474487 / 9325523480 /9767868611

RAIPUR SF-22-23, Millennium Plaza, Near Indian Coffee House, G.E. Road, RAIPUR - 492001 C.G. 0771-2236780/4051137 9329731077 / 9329100009 /9407646661

RANCHI Narsaria Tower, 2nd Floor, Opp. Lalpur Police Station, Post Lalpur, RANCHI -834001. 0651-2206372 9470524099 / 9835197681 /9334478058

AHMEDABAD - 380006. 079-26588301 / 65431989 9375090006 / 9924403147 /

Mobile No. Mobile No. Mobile No. Mobile No.AGARTALA : 9856027836AHMEDNAGAR : 9422238925ALLAHABAD : 9918971258AGRA : 9927888854AJMER : 9829077674ALAPUZHA : 9447367160AMRITSAR : 9814299747AMRAVATI : 9923797207AURANGABAD : 9422728151BALASORE : 9438803546BANKURA : 9378330300BEGUSARAI : 9905816354BEHRAMPORE : 9861546580BELGAUM : 9845205168BELLARY : 9980830179BILASPUR : 9301982280BHILAI : 9303808855BHOPAL : 9302441980BHAGALPUR : 9431609765BHILWARA : 9829287273BIKANER : 9829791132BOKARO : 9955189443BURDWAN : 9831712244

BUSINESS CENTREName of Place Name of Place Name of Place Name of Place

AREA OFFICES

CALICUT : 9349739890CHANDIGARH : 9316065681CHANDRAPUR : 9372941955COIMBATORE : 9282216891DALTONGANJ : 9162780200DEOGHAR : 9430155378DHANBAD : 9835334495GAYA : 9334118071GORAKHPUR : 9336833448GULBARGA : 9900144196GURGAON : 9654228220GWALIOR : 9406586454HALDWANI : 9839976747HASSAN : 9986125091HUBLI : 9880058223JABALPUR : 9407606313JAGDALPUR : 9303354452JALANDHAR : 9779966466JALGAON : 9422211343JAMMU : 9419213201JAMNAGAR : 9825412482JAMSHEDPUR : 9234620669JHANSI : 9760016559

JODHPUR : 9829947974KARIMNAGAR : 9000444853KARWAR : 9535484475KHARAGPUR : 9475883009KOTTAYAM : 9349374220KOTA : 9829905879KOLHAPUR : 9822851948MADGAON : 9673682722MADIKERI : 9886028217MALDA : 9836237434 /

9851955023MEERUT : 9319267811MYSORE : 9986117183MUZAFFARPUR : 9431813155NANDED : 9822203503NELLORE : 9000444854NOIDA : 9811108744PANIPAT : 9996006023PATIALA : 9888710200PURNEA : 9939491090RAIGARH : 9302784008RAJAHMUNDRY : 9000171857RAJKOT : 9898733233

SAMBALPUR : 9937040031SALEM : 9944744424SATARA : 9321452045SATNA : 9300757593SHADOL : 9303822916SHIMLA : 9318960005SHIMOGA : 9902007686SURAT : 9978862626

9925027406SILIGURI : 9832010008THANE : 9320180806THIRUVELVELI : 9655505105THRISSUR : 9388110220TRICHY : 9842524130TRIVANDRUM : 9388088066UDAIPUR : 9784011432UDUPI : 9611111028VADODARA : 9327494916VARANASI : 9336501004VISHAKHAPATNAM : 9000444851VIJAYWADA : 9000444856WARANGAL : 9000171858

Watch yourinvestmentsoar with

April, 2010

www.licmutual.com

• Investment Objective: An open ended pure Growth scheme seeking to provide capital growth by investing mainly in equity

instruments and also in debt and other permitted instruments of capital and money markets. The investment portfolio of the scheme will be

constantly monitored and reviewed to optimize capital growth. • Asset Allocation Pattern: Equity/Equity Related: Up to 100%,

Debt/Money Market: Up to 20%. • Options: The Scheme has to two options viz Dividend and Growth. Under Dividend option the investor

can choose either dividend payout or reinvestment. • Sale Price: At applicable NAV on all Business Days. • Entry Load: Nil

• Exit Load: 1% if exit within 1 year from the date of allotment of units. • Liquidity: The scheme has no lock-in period. Units for

repurchase will be available on an ongoing basis, on all Business Days. • Tax Benefits: Capital Gains Tax Benefits u/s 48 and 112 of the

Income Tax Act, 1961 are available. • Minimum Investment: Rs. 2000/- & thereafter in multiples of Re. 1/-.

Risk Factors: Mutual Fund and Securities Investments are subject to market risks and there is no assurance and no guarantee that the objectives of the Mutual Fund will be achieved. As with any investment in securities and shares, the NAV of the units issued under the scheme can go up or down depending on the factors and forces affecting the securities markets. Past performance of the Sponsor / AMC / Mutual Fund does not indicate the future performances of the schemes of the Mutual Fund. The Sponsor is not responsible for or liable to any loss resulting from the operations of the scheme beyond their initial contribution of Rs. 2 Cr towards the setting up of the Mutual Fund. LICMF Growth Fund is the name of the scheme and does not indicate either the quality of the scheme, its future prospects or returns. The NAV of the units of the scheme may be affected by changes in general level of interest rates. Please read the scheme information document carefully before investing. Statutory Details: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. LIC Mutual Fund Asset Management Company Ltd. is the Investment Manager to the Fund.

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