FUND UPDATE

ING Fact Sheet ING Life Investment Philosophy Market Review Outlook for Markets Risk Return Profile of Funds Debt Fund Secure Fund Balance Fund Growth Fund Guaranteed Growth Fund Equity Fund ING Guaranteed NAV Fund Active Asset Allocation Fund Prime Equity Fund Preserver Fund Pension Prime Equity Fund Pension Preserver Fund Pension Liquid Fund Pension Debt Fund Pension Equity Fund Glossary

Jun '13

ING Fact Sheet

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ING Fact Sheet

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ING Life Investment Philosophy

The Company will pursue an investment philosophy that is aligned to its clearly stated values of being Transparent, Trustworthy, Knowledgeable and displaying Optimism. The investment philosophy has the following essential guiding principles Transparent: We will manage to the objectives clearly stated in the investment mandates and as set out in the product documents and will disclose all required and relevant information to Policy Holders in a timely and clear manner Trustworthy: We will comply fully with all the regulatory requirements when investing our Policy Holders assets. All investment and portfolio management decisions will be executed in both a responsible and an effective risk aware manner Knowledgeable: We will use our insightful investment research of financial markets companies and economies when we execute the strategic not trading decisions required when managing our Policy Holders investment portfolios Optimism:Our experienced investment professionals will strive to deliver sound appropriate and consistent long-term investment performance relative to our products clearly stated benchmarks

Investment Team Profile

Shyamsunder Bhat, Vice President (Investments), joined ING Life in September 2010, to head the Equity Investments area. He has an experience of 18 years of experience in fund management. Prior to joining ING Vysya Life, Shyam has worked with two mutual fund companies, initially as a part of the start-up team at Tata Asset Management Ltd for 10 years (1994-2004) and later at Principal PNB Asset Management, where he then worked for more than 6 years. He is an Electrical Engineer from VJTI (Mumbai) and a post-graduate in Management (M.M.S. Finance) from Narsee Monjee Institute of Management Studies.

Shobit Gupta, Vice President (Investments), Fixed Income, has over 15 years of experience in Fixed Incomeand Foreign Exchange market. He has worked extensively in the field of Foreign exchange and Interest Rate derivatives at ABN AMRO bank and has handled. Fixed Income portfolios at Asset management companies like Kotak Mahindra Mutual fund, ING Asset Management Co Ltd., and Principal Asset Management co Ltd. He has done his graduation in Economics, Maths and Statistics and has qualified CFA - Hyderabad and CFA - USA.

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Market Review
Executive Summary
Indian marketsboth equities and fixed incomewere down sharply (though the Nifty recovered 4.5% in the last two days of the month) with increased foreign outflows (led by liquidity tapering fears in the US) and on concerns of rupee depreciation. Reserve Bank of India (RBI) maintained the repo rate at 7.25% and also left the CRR (Cash reserve ratio) unchanged at 4%. indicating that further reduction requires a durable fall in inflation. Macro data was mixed, with WPI1 better than expected, and CPI2 lower than last month. Index of Industry Production (IIP) was lower than expectations, at 2%. India's Current account deficit for the quarter ending March 2013 came in at 3.6%, better than expected. Large-cap indicesboth the Nifty and the Sensex -were down more than 2% in June. Midcaps suffered badly, with the CNX mid-cap index being down around 6%. Over the 12 months ending June 2013, though the Nifty still posted a double-digit return, up 11%. Returns in the Indian bond markets were negative: the benchmark 10-year G-Sec yield moved up by 0.22% to 7.47%, due to large FII selling in debt prompted by the depreciating rupee. The equity markets corrected by around 2% during the month of June 2013 on account of concerns related to quantitative easing tapering off in US markets and a depreciating rupee. The fall would have been much sharper if not for the bounce-back in the last 2 days led by a continuing reforms initiative by the Government with a long-awaited sharp increase in gas prices. With lower than expected Current Account Deficit, a good progress of the monsoons, controlled inflation, reforms in oil and gas sector and a 12-14% earnings growth in current financial year, we remain constructive on long term equity outlook. While earnings growth in the near term may still be muted, we would look to overweight equities on any further correction on more supportive valuations. From the fixed income portfolio perspective, on a near term basis we would remain positive on the market as the benchmark 10 yr yield has risen to 7.55% and with a medium term view of another 50 basis cut in policy rates by the end of this Fiscal resulting into lower Bond yields, due to likely higher prices of debt securities.

Markets
Indices BSE Sensex BSE 100 Nifty CNX Midcap MSCI Europe # MSCI World # MSCI Emerging Market # 3 month Yield * 10 y Gov Yield * 10 y AAA Yield* Month-End Level 19395.8 5802.3 5842.2 7342.4 97.7 1433.6 940.3 7.5% 7.47% 8.27% 1-Month Change -1.8% -3.2% -2.4% -6.1% 0.0% 2.6% -1.9% 0.2% 0.2% 0.7% 3-Month Change 3.0% 2.2% 2.8% -0.8% 7.5% 9.4% -0.3% -0.7% -0.5% -0.4% 6-Month Change -0.2% -2.9% -1.1% -13.7% 8.8% 16.6% -3.0% -0.7% -0.6% -0.5% 1-Year Change 11.3% 9.9% 10.7% -0.1% 24.3% 24.6% 7.7% -0.8% -0.7% -0.9%

* As yields rise (fall), bond prices fall (rise); the longer the maturity of the bond the larger the change in price for a given change in interest rate. The change in Yield is a percentage change. # Changes in the index value are based on Indian rupee values.

Review of the Economy

IIn line with expectations, the Reserve Bank of India (RBI) maintained repo rate at 7.25% and left the CRR unchanged at 4%. Similar to the last few policies, its guidance remained cautious, with the key risks highlighted including rising global uncertainty leading to a shift in risk perception thereby impacting capital flows. However it acknowledged the effectiveness of the measures taken to address Current Account Deficit (CAD). A durable receding of inflation may open up space for the monetary policy to address risks to growth in future, by further lowering of interest rates.
1

Wholesale Price Index, 2Consumer Price Index

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India's Current Account Deficit (CAD) narrowed to $18.2bn (3.6% of GDP) in 4QFY13 as against all time high of $31.7bn (6.7% of GDP) in the 3QFY13 and was better than expectations. The lower-than-expected deficit was on account of higher software revenues and higher overall invisibles. Overall Balance of Payment remained in surplus in 4QFY13 at $2.7bn. Headline inflation (WPI) for May surprised positively, at lower than 5% (4.7% YOY). All categories except food saw moderation. Core inflation came in lower at 2.43% lowest since Jan 2010 driven largely by basic metals. The combined CPI inflation for May saw a marginal moderation to 9.3% in May 2013, with the core CPI coming down from 8.1% in April to 7.8% in May. Industrial production (IIP) was lower than expectations and came in at 2% for April 2013 as compared to 3.4% in March 2013. Both supply side constraints (weak mining and lower power) and weak demand (especially consumer durables and investment demand) led to lower growth in manufacturing sector impacting IIP.

Review of Markets
Equity markets
The Nifty declined by 2.4% during June 2013 in line with other emerging markets mainly on account of the US Central Bankers' indication of tapering of Quantitative Easing. The broader market decline was sharp, down by 6% and this was accompanied by a rise in implied volatility. FIIs turned sellers (net $1.6 bn), while domestic institutions turned buyers after five consecutive months of selling. For the month, there was an outperformance from sectors such as IT and Oil & Gas while sectors such as Industrials and Metals underperformed.

Fixed Income Market

The fixed income market remained negative for the month after cautious guidance by Reserve Bank of India. The yield on the benchmark 10-year bond moved up by 0.22% to 7.47% (Chart-2). The liquidity deficit reduced during the 3 month: it went down to Rs. 64,000 crore under the LAF , now close to RBI's comfort zone. However, this should improve with the anticipated expected Government spending Long-dated corporate bonds underperformed Government Securities with the yield-spread on 10-year AAA bonds rising by 0.05% to 0.81%. Medium-term corporate bonds underperformed both G-Secs and long-term corporate bonds. In the shorter end of the market, 1-year CD rates were at 8.20%, which is 0.09% lower than the previous month.

Outlook for Markets

We are currently neutral on the equity market in the near-term, but remain positive on the longerterm, especially if the market corrects further.
The Government continued its reforms measures by increasing prices of domestic natural gas though with effect from April 2014 and by continuing to increase diesel prices for the sixth month in succession. Its efforts to arrest gold demand (to reduce Current Account Deficit) seem to be yielding results, with a significant contraction in the month of June. However, the Indian Rupee witnessed a significant depreciation for the month of June and this has led to delay in expectations of rate cuts by RBI given the upside risk on inflation and rising Current Account Deficit (CAD) on account of depreciating currency. Globally, markets witnessed correction on account of fears of quantitative easing being scaled down in the near future. This led to significant sell off in emerging markets on account of concerns on capital outflows and the Indian Rupee, along with other major emerging market currencies, witnessed a sharply depreciating trend. Global liquidity has been the only support for the global indices including emerging economies like India, and therefore concerns of that easing led to sell off in emerging markets. We believe this correction may make market attractive from a valuations perspective. The favourable progress of the monsoon this year (37% higher than last year for the month of June), is positive from the equity market perspective for the current year, especially from the perspective of food inflation as well as consumer demand. Inspite of turning net sellers during the month, net FII flows on a YTD basis still remained substantially positive, at $13.6bn. Domestic funds reversed their negative trend and bought equities to the tune of $1.5bn with valuations becoming more attractive. On a near term basis, market correction has made valuation attractive with Nifty multiple now below 13x on a forward (FY14) basis, below the long-term average of 15x. We would become incrementally positive on the markets given such a sharp correction.
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Liquidity Adjustment Facility, 4Certificate of Deposit.

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Our defensive stance paying off but we would like to increase duration going forward
Bond yields are likely to be volatile in the near term since market has become very much sensitive to the Indian Rupe(INR). The INR has been depreciating as the US Dollar has been strengthing on expectations of an improving US economy amidst rising US Bond yields, and expectations of Federal Reserve tapering Quantitative easing. On the domestic front, Inflation growth dynamics warrant further monetary easing but external factors and INR depreciation increases threat of inflationary pressures and this could delay the possibility of rate cut in near future. Liquidity is expected to be better in July on higher Government spending and hence short term rates are expected to remain stable. On the inflation front, WPI is likely to remain sticky at current levels as pass through of Fuel hike, & impact of weak currency balances out with reduced demand. Arrival of the Rabi crop in the markets may put a downward pressure on food inflation along with expectations of a continued better Monsoon. From the fixed income portfolio perspective our defensive stance is playing off but since the Benchmark Ten year Bond is at 7.50%, we would like to increase duration slowly with a medium term view of another 50 basis cut in policy rates by the end of this Fiscal and hence lower Bond yields.

The past Charts of Equity and Fixed Interest returns Chart 1 and Chart 2 depict the equity and debt market performance over the past year

Chart 1: Performance of Equity Indices

Chart 2: Performance of Debt Indices

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Risk Return Profile of Funds

ING Life offers a wide range of fund options catering to various risk-return appetite. You can invest either in equity, or in debt or in hybrid fund and even change your investment strategy. You can choose from these funds depending on your risk appetite, age, time horizon for important life stage goals like child education planning, retirement planning, etc. The risk return chart below helps you choose the right fund for your investment needs.

ING Equity Pension Fund*

High Risk

ING Equity Fund * ING Prime Equity Pension Fund* ING Prime Equity Fund

ING Guaranteed NAV Fund ING Balanced Fund ING Secure Fund

ING Growth Fund

ING Active Asset Allocation Fund

Medium Risk

RISK

ING Preserver Pension* ING Preserver Fund ING Liquid Pension* ING Debt Pension Fund * ING Debt Fund*

Low Risk

RETURN

*Available for existing customers only subject to product terms and conditions

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ING Debt Fund

Fund Objective: The fund seeks to generate income through an investment mix of high quality bonds and money market instruments. Launch Date: November 2, 2004 Net Asset Value (NAV) as on 30th June 2013: Rs. 19.25 Assets Under Management (AUM): Rs.584mn AA+ 8.89% AAA 91.11%

Corporate Debt Rating Profile

Movement of NAV
21.00 20.50 20.00 19.50 19.00 18.50 18.00 17.50 17.00 16.50 16.00 15.50 15.00 14.50 14.00 13.50 13.00 12.50 12.00 11.50 11.00 10.50 10.00

Portfolio Holdings
Rating
Nov/04 Jan/05 Mar/05 May/05 Jul/05 Sep/05 Nov/05 Jan/06 Mar/06 May/06 Jul/06 Sep/06 Nov/06 Jan/07 Mar/07 May/07 Jul/07 Sep/07 Nov/07 Jan/08 Mar/08 May/08 Jul/08 Sep/08 Nov/08 Jan/09 Mar/09 May/09 Jul/09 Sep/09 Nov/09 Jan/10 Mar/10 May/10 Jul/10 Sep/10 Nov/10 Jan/11 Mar/11 May/11 Jul/11 Sep/11 Nov/11 Jan/12 Mar/12 May/12 Jul/12 Sep/12 Nov/12 Jan/13 Mar/13 May/13 Jul/13

Top Ten Holdings-Debt

% 7.97 7.88 7.58 6.96 6.09 4.80 4.47 4.38 4.31 4.09

SOVEREIGN 8.83% GOI 12-Dec-2041 SOVEREIGN 8.15% Gsec 11-06-2022 AAA 10.40% Reliance Ports And Terminals Limited 18-07-2021

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 11.77% 8.83% 10.22% 7.86% Benchmark Index Return 10.72% 7.97% 7.94% 6.98%

SOVEREIGN 8.33% GOI SEC 09-07-2026 AAA AAA AA+ AAA 9.80% LIC Housing Finance Ltd 09-Jan-2015 9.95% State Bank of India 16-Mar-2026 9.55% Hindalco Industries 27-June-2022 9.90% HDFC Ltd. 11-March-2014

SOVEREIGN 8.20% Gsec 24-09-2025 SOVEREIGN 8.97% GOI 05-Dec-2030

Returns are compounded annualised and net of charges. Index is the Crisil Composite Bond Index.

Asset Allocation
Others 8% Gsec 42%

Corporate Debt 50%

Fixed income duration:4.82

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ING Secure Fund

Fund Objective: The fund seeks to achieve long term moderate capital growth through an investment mix of upto 20% equity and the balance in high quality bonds and money market instruments. Launch Date: November 2, 2004 Net Asset Value (NAV) as on 30th June 2013: Rs. 20.18 Assets Under Management (AUM): Rs. 298mn

Corporate Debt Rating Profile

AA+ 1.56% AAA 98.44%

Movement of NAV
21.00 20.50 20.00 19.50 19.00 18.50 18.00 17.50 17.00 16.50 16.00 15.50 15.00 14.50 14.00 13.50 13.00 12.50 12.00 11.50 11.00 10.50 10.00

Sector Allocation
Equity Sector Allocation Financial Services Consumer Products Oil & Gas IT Auto Miscellaneous Industrial Manufacturing, Construction & Infra Health Care Metals & Mining Telecommunication Power Cement % 30.07 12.82 12.64 12.36 6.27 5.49 5.01 4.52 4.11 2.59 2.29 1.83

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 10.33% 6.84% 8.70% 8.45% Benchmark* 10.71% 7.10% 7.87% 8.33%

Nov/04 Jan/05 Mar/05 May/05 Jul/05 Sep/05 Nov/05 Jan/06 Mar/06 May/06 Jul/06 Sep/06 Nov/06 Jan/07 Mar/07 May/07 Jul/07 Sep/07 Nov/07 Jan/08 Mar/08 May/08 Jul/08 Sep/08 Nov/08 Jan/09 Mar/09 May/09 Jul/09 Sep/09 Nov/09 Jan/10 Mar/10 May/10 Jul/10 Sep/10 Nov/10 Jan/11 Mar/11 May/11 Jul/11 Sep/11 Nov/11 Jan/12 Mar/12 May/12 Jul/12 Sep/12 Nov/12 Jan/13 Mar/13 May/13 Jul/13

Portfolio Holdings
Top Ten Holdings-Equity ITC Ltd. Reliance Industries Ltd. Housing Development Finance Corporation Ltd ICICI Bank Ltd. HDFC Bank Ltd Infosys Ltd. Larsen & Toubro Ltd Tata Consultancy Services Ltd. Oil & Natural Gas Corporation Ltd Hindustan Unilever Ltd. Rating Top Ten Holdings-Debt
0.00% HDFC Ltd. 14-Jun-2016

Returns are compounded annualised and net of charges. Benchmark : Crisil Composite Bond Index(85%) and a blend of BSE 100 upto 30-9-2012 and CNX Nifty thereafter(15%)

Asset Allocation
Equity 14% Others 2% Corporate Debt 45% Gsec 39%

% 1.17 1.05 0.94 0.90 0.79 0.73 0.57 0.54 0.52 0.39 %
10.50 8.43 6.72 5.59 4.57 4.28 3.47 3.45 3.43 3.42

SOVEREIGN 8.20% Gsec 24-09-2025. AAA SOVEREIGN 7.59% GoI Sec 12-04-2016 SOVEREIGN 8.97% GOI 05-Dec-2030

Fixed income duration:4.68

SOVEREIGN 7.83% GSEC 11-Apr-2018 SOVEREIGN 8.83% GOI 12-Dec-2041 SOVEREIGN 8.15% Gsec 11-06-2022 AAA AAA AAA 9.40% REC 20-07-2017 8.95% Larsen & Toubro Ltd 26-05-2020 8.80% PGCIL 13-Mar-2023

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ING Balanced Fund

Fund Objective: The fund seeks to achieve long term capital growth through an investment mix of upto 40% equity and the balance in high quality bonds and money market instruments. Launch Date: November 2, 2004 Net Asset Value (NAV) as on 30th June 2013: Rs. 20.88 Assets Under Management (AUM): Rs. 883mn AA+ 1.09% AAA 98.91%

Corporate Debt Rating Profile

Movement of NAV
22.00 21.50 21.00 20.50 20.00 19.50 19.00 18.50 18.00 17.50 17.00 16.50 16.00 15.50 15.00 14.50 14.00 13.50 13.00 12.50 12.00 11.50 11.00 10.50 10.00

Sector Allocation
Equity Sector Allocation Financial Services Consumer Products Oil & Gas IT Auto Miscellaneous Health Care Metals & Mining Industrial Manufacturing, Construction & Infra Power Telecommunication Cement % 29.17 13.58 12.52 12.45 6.75 4.89 4.85 4.59 4.58 2.50 2.30 1.82 % 2.51 2.29 1.90 1.86 1.65 1.55 1.28 1.00 1.00 0.92 %
6.45 6.35 5.79 5.02 4.29 4.23 3.74 3.23 2.56 2.22

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 9.92% 5.53% 7.48% 8.89% Benchmark* 10.69% 6.23% 7.79% 9.69%

Nov/04 Jan/05 Mar/05 May/05 Jul/05 Sep/05 Nov/05 Jan/06 Mar/06 May/06 Jul/06 Sep/06 Nov/06 Jan/07 Mar/07 May/07 Jul/07 Sep/07 Nov/07 Jan/08 Mar/08 May/08 Jul/08 Sep/08 Nov/08 Jan/09 Mar/09 May/09 Jul/09 Sep/09 Nov/09 Jan/10 Mar/10 May/10 Jul/10 Sep/10 Nov/10 Jan/11 Mar/11 May/11 Jul/11 Sep/11 Nov/11 Jan/12 Mar/12 May/12 Jul/12 Sep/12 Nov/12 Jan/13 Mar/13 May/13 Jul/13

Portfolio Holdings
Top Ten Holdings-Equity ITC Ltd. Reliance Industries Ltd. Housing Development Finance Corporation Ltd. ICICI Bank Ltd. HDFC Bank Ltd. Infosys Ltd. Tata Consultancy Services Ltd. Larsen & Toubro Ltd. Hindustan Unilever Ltd Oil & Natural Gas Corporation Ltd. Rating Top Ten Holdings-Debt
SOVEREIGN 8.15% Gsec 11-06-2022 SOVEREIGN 8.97% GOI 05-Dec-2030. AAA 8.95% Larsen & Toubro Ltd 26-05-2020 11.25% Power Finance corporation 28-11-2018 SOVEREIGN 8.20% Gsec 24-09-2025.

Returns are compounded annualised and net of charges. Benchmark : Crisil Composite Bond Index(70%) and a blend of BSE 100 upto 30-9-2012 and CNX Nifty thereafter(30%)

Asset Allocation
Others 5%

Equity 30%

Gsec 32%

Corporate Debt 33%

Fixed income duration:4.73

AAA

SOVEREIGN 7.83% GSEC 11-Apr-2018 SOVEREIGN 7.59% GoI Sec 12-04-2016 AAA AAA 8.80% PGCIL 13-Mar-2023 9.40% REC 20-07-2017

SOVEREIGN 7.16% GSec 20-05-2023

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ING Growth Fund

Fund Objective: The fund seeks to achieve long term accelerated capital growth through an investment mix of upto 60% equity and the balance in high quality bonds and money market instruments. Launch Date: November 2, 2004 Net Asset Value (NAV) as on 30th June 2013: Rs. 22.6 Assets Under Management (AUM): Rs. 10769mn

Corporate Debt Rating Profile

AA+ 3.29% AAA 96.71%

Movement of NAV
24.00 23.50 23.00 22.50 22.00 21.50 21.00 20.50 20.00 19.50 19.00 18.50 18.00 17.50 17.00 16.50 16.00 15.50 15.00 14.50 14.00 13.50 13.00 12.50 12.00 11.50 11.00 10.50 10.00

Sector Allocation
Equity Sector Allocation Financial Services Consumer Products Oil & Gas IT Auto Miscellaneous Health Care Industrial Manufacturing, Construction & Infra Metals & Mining Telecommunication Power Cement % 28.24 13.39 12.73 12.32 7.62 5.26 4.86 4.78 4.41 2.37 2.23 1.78

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 9.42% 3.90% 7.18% 9.90% Benchmark* 10,68% 5.07% 7.69% 11.49%

Nov-04 Jan-05 Mar-05 May-05 Jul-05 Sep-05 Nov-05 Jan-06 Mar-06 May-06 Jul-06 Sep-06 Nov-06 Jan-07 Mar-07 May-07 Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13

Portfolio Holdings
Top Ten Holdings-Equity ITC Ltd. Reliance Industries Ltd. Housing Development Finance Corporation Ltd. ICICI Bank Ltd. Infosys Ltd. HDFC Bank Ltd. Tata Consultancy Services Ltd. Larsen & Toubro Ltd. Oil & Natural Gas Corporation Ltd Hindustan Unilever Ltd Rating Top Ten Holdings-Debt % 4.17 3.83 3.17 2.96 2.71 2.70 1.96 1.78 1.57 1.56 %
2.53 2.10 2.07 1.93 1.74 1.73 1.70 1.65 1.57 1.28

Returns are compounded annualised and net of charges. Benchmark : Crisil Composite Bond Index(50%) and a blend of BSE 100 upto 30-9-2012 and CNX Nifty thereafter(50%)

Asset Allocation
Others 4% Gsec 19%

Equity 49%

Corporate Debt 28%

SOVEREIGN 8.97% GOI 05-Dec-2030 SOVEREIGN 7.83% GSEC 11-Apr-2018 SOVEREIGN 8.15% Gsec 11-06-2022

Fixed income duration:4.95

AAA

8.80% PGCIL 13-Mar-2023

SOVEREIGN 8.20% Gsec 24-09-2025 SOVEREIGN 06.35% GOI SEC 02-01-2020 SOVEREIGN 8.33% GOI SEC 09-07-2026 AAA AAA 11.25% Power Finance corporation 28-11-2018 11.00% IOC 10-09-2018 SOVEREIGN 7.16% GSec 20-05-2023

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ING Guaranteed Growth Fund

Fund Objective: The fund seeks to achieve long term moderate capital growth while meeting guarantees provided, through an investment mix of upto 40% equity and the balance in high quality bonds and money market instruments. Launch Date: January 30, 2008 Net Asset Value (NAV) as on 30th June 2013: Rs. 14.32 Assets Under Management (AUM): Rs. 328mn AAA 100%

Corporate Debt Rating Profile

Movement of NAV
15.00 14.50 14.00 13.50 13.00 12.50 12.00 11.50 11.00 10.50 10.00 9.50 9.00 8.50 8.00

Sector Allocation
Equity Sector Allocation Financial Services IT Consumer Product Oil & Gas Auto Industrial Manufacturing Construction & Infra Health Care Power Metals & Mining Telecommunication Cement Miscellaneous % 29.88 14.50 13.63 13.25 8.19 4.91 4.70 3.15 2.53 2.04 2.02 1.21

May-08

May-09

May-10

May-12

May-13

Sep-08

Sep-09

Sep-10

Nov-08

Nov-09

Nov-10

Sep-12

Nov-12

Mar-08

Mar-09

Mar-10

Mar-12

Mar-13

Jan-08

Jan-09

Jan-10

Jan-12

Jan-13

Jul-08

Jul-09

Jul-10

Jul-12

May-11

Sep-11

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 11.60% 7.13% 9.22% 6.85%

Nov-11

Mar-11

Jan-11

Jul-13

Jul-11

Returns are compounded annualised and net of charges.

Portfolio Holdings
Top Ten Holdings-Equity ITC Ltd. ICICI Bank Ltd. Infosys Ltd Housing Development Finance Corporation Ltd. HDFC Bank Ltd. Reliance Industries Ltd. Larsen & Toubro Ltd. Hindustan Unilever Ltd. Tata Consultancy Services Ltd. Oil & Natural Gas Corporation Ltd. Rating Top Ten Holdings-Debt
0.00% National Housing Bank 24-12-2018 9.47% PGCIL 31-03-2023. 10.60% IRFC 11-09-2018 9.15% Larsen & Toubro Ltd 05-01-2019 11.00% IOC 10-09-2018. 10.85% REC 14-08-2018 8.97 PFC Ltd 15-Jan-2018 0.00% NABARD Bhavishya Nirman Bond 01-08-2017 AAA AAA 0.00 % NABARD 01-01-2018 9.07% REC 28-02-2018 AAA AAA AAA AAA AAA AAA AAA AAA

Asset Allocation
Equity 9% Others 3%

Corporate Debt 88%

% 0.87 0.71 0.69 0.65 0.63 0.61 0.45 0.38 0.38 0.33 %
14.58 12.93 9.65 8.43 8.37 7.99 7.42 7.28 7.22 4.04

Fixed income duration:4.33

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ING Equity Fund

Fund Objective: The fund seeks to achieve long term accelerated capital growth through a portfolio of equities. Launch Date: February 16, 2006 Net Asset Value (NAV) as on 30th June 2013: Rs. 16.72 Assets Under Management (AUM): Rs. 7720mn

Sector Allocation
Equity Sector Allocation Financial Services Consumer Products Oil & Gas IT Auto Miscellaneous Industrial Manufacturing Construction & Infra Health Care Metals & Mining Power Telecommunication Cement % 27.23 13.58 12.48 12.44 7.87 5.78 5.02 4.62 4.56 2.39 2.25 1.78

Movement of NAV
20.50 20.00 19.50 19.00 18.50 18.00 17.50 17.00 16.50 16.00 15.50 15.00 14.50 14.00 13.50 13.00 12.50 12.00 11.50 11.00 10.50 10.00 9.50 9.00 8.50 8.00

Portfolio Holdings
Feb-06 Apr-06 Jun-06 Aug-06 Oct-06 Dec-06 Feb-07 Apr-07 Jun-07 Aug-07 Oct-07 Dec-07 Feb-08 Apr-08 Jun-08 Aug-08 Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13

Top Ten Holdings-Equity ITC Ltd. Reliance Industries Ltd.

% 8.56 7.73 5.91 5.49 5.15 4.99 4.03 3.89 2.84 2.84

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 7.91% 0.27% 5.77% 7.27% Benchmark* 10.63% 2.17% 7.45% 9.21%

Housing Development Finance Corporation Ltd ICICI Bank Ltd. Infosys Ltd. HDFC Bank Ltd. Tata Consultancy Services Ltd. Larsen & Toubro Ltd. Hindustan Unilever Ltd. Oil & Natural Gas Corporation Ltd

Returns are compounded annualised and net of charges. Benchmark : A blend of BSE 100 upto 30-9-2012 and CNX Nifty thereafter

Asset Allocation
Others 3%

Equity 97%

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ING Guaranteed NAV Fund

Fund Objective: The Fund is a simple two-asset product that invests in risk-free money-market assets as well as in equity assets. The investor benefits through continuous participation in equity market returns and simultaneous downside protection to the extent of 80% of highest-attained NAV Launch Date: December 22, 2010 Net Asset Value (NAV) as on 30th June 2013: Rs. 10.61 Guaranteed NAV as on 30th June 2013: 8.7373 Assets Under Management (AUM): Rs. 1076mn

Corporate Debt Rating Profile

AAA 100%

Movement of NAV
12.00 11.70 11.40 11.10 10.80 10.50 10.20 9.90 9.60 9.30
Dec-10 May-12 May-13 Aug-12 Sep-12 Nov-12 Dec-12 Feb-12 Mar-12 Feb-13 Mar-13 Jan-12 Jun-12 Jan-13 May-11 Feb-11 Mar-11 Aug-11 Sep-11 Nov-11 Dec-11 Jun-13 Apr-12 Jan-11 Jun-11 Oct-12 Apr-13 Apr-11 Oct-11 Jul-12 Jul-11

Sector Allocation
Equity Sector Allocation Financial Services Consumer Product Oil & Gas IT Auto Health Care Industrial Manufacturing Construction & Infra Metals & Mining Power Cement Telecommunication Miscellaneous % 30.79 14.14 12.10 11.09 8.58 5.67 5.61 4.22 2.92 2.00 1.91 0.96

9.00

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 8.28% NA NA 2.37%

Returns are compounded annualised and net of charges.

Portfolio Holdings
Top Holdings-Equity ITC Ltd. Reliance Industries Ltd. Housing Development Finance Corporation Ltd. ICICI Bank Ltd. HDFC Bank Ltd. Infosys Ltd. Tata Consultancy Services Ltd. Larsen & Toubro Ltd. Hindustan Unilever Ltd. Oil & Natural Gas Corporation Ltd. Rating
P1+

Asset Allocation

Equity 51%

Others 46%

Corporate Debt 3% Fixed income duration:0.07

% 4.88 3.87 3.68 3.38 3.37 3.29 2.15 2.10 1.66 1.62 %
3.29

Top Holdings-Debt
Punjab National Bank CD 16-Dec-2013

Monthly Report

15

ING Active Asset Allocation Fund

Fund Objective: The fund seeks provide long term capital appreciation in a risk controlled manner by making clear and dynamic asset allocation choices as between Equities and Bonds. Launch Date: January 18, 2011 Net Asset Value (NAV) as on 30th June 2013: Rs. 11.08 Assets Under Management (AUM): Rs. 177mn

Corporate Debt Rating Profile

AA+ 2.20% AAA 97.80%

Movement of NAV
12 11.5 11 10.5 10 9.5 9

Sector Allocation
Equity Sector Allocation Financial Services Consumer Products IT Oil & Gas Auto Industrial Manufacturing Construction & Infra Metals & Mining Health Care Miscellaneous Telecommunication Power Cement % 29.67 14.87 12.30 11.00 6.50 4.77 4.58 4.49 4.22 3.47 2.40 1.72

May-12

May-13

Aug-12

Sep-12

Nov-12

Dec-12

Feb-12

Mar-12

Feb-13

Mar-13

Jan-12

Jun-12

Jan-13

May-11

Feb-11

Aug-11

Sep-11

Nov-11

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 7.41% NA NA 4.27% Benchmark* 10.68% NA NA 5.16%

Dec-11

Mar-11

Jun-13

Apr-12

Jan-11

Jun-11

Oct-12

Apr-13

Apr-11

Oct-11

Jul-12

Jul-11

Returns are compounded annualised and net of charges. Benchmark : Crisil Composite Bond Index(50%) and a blend of BSE 100 upto 30-9-2012 and CNX Nifty thereafter(50%)

Portfolio Holdings
Top Holdings-Equity ITC Ltd. Housing Development Finance Corporation Ltd. Reliance Industries Ltd. Infosys Ltd. HDFC Bank Ltd. ICICI Bank Ltd. Larsen & Toubro Ltd. Tata Consultancy Services Ltd. Bharti Airtel Ltd Hindustan Unilever Ltd. Rating
SOVEREIGN SOVEREIGN SOVEREIGN AAA AAA AAA AAA AAA SOVEREIGN AAA

Asset Allocation
Gsec 23% Others 5%

% 4.78 4.04 3.11 2.51 2.50 2.08 1.75 1.54 1.42 1.28 %
6.26 5.69 5.00 4.60 4.03 3.75 3.54 3.48 2.92 2.86

Equity 45%

Corporate Debt 27%

Top Holdings-Debt
8.97% GOI 05-Dec-2030. 7.83% GSEC 11-Apr-2018 8.20% Gsec 24-09-2025. 8.80% PGCIL 13-Mar-2023 9.38% REC 06-Sep-2016 10.40% Reliance Ports And Terminals Limited 18-07-2021. 0.00% HDFC Ltd. 14-Jun-2016 9.40% REC 20-07-2017 8.15% Gsec 11-06-2022 9.46 PFC Ltd 02-May-2015.

Fixed income duration:5.37

Monthly Report

16

ING Prime Equity Fund

Fund Objective: The fund seeks to achieve long term accelerated capital growth through a portfolio of equities. Launch Date: January 1, 2010 Net Asset Value (NAV) as on 30th June 2013: Rs. 10.23 Assets Under Management (AUM): Rs. 1127 mn

Sector Allocation
Equity Sector Allocation Financial Services Consumer Products IT Oil & Gas Auto Health Care Industrial Manufacturing Construction & Infra Metals & Mining Miscellaneous Power Telecommunication Cement % 26.81 14.32 12.94 12.55 7.41 5.07 5.07 4.84 3.93 2.67 2.35 2.04

Movement of NAV
12 11.5 11 10.5 10 9.5 9 8.5
Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13

Portfolio Holdings
Top Ten Holdings-Equity ITC Ltd. Reliance Industries Ltd. Fund Return 8.36% 0.84% NA 0.65% Benchmark* 10.63% 2.17% NA 2.65% Infosys Ltd. Housing Development Finance Corporation Ltd. HDFC Bank Ltd. ICICI Bank Ltd. Tata Consultancy Services Ltd. Larsen & Toubro Ltd. Hindustan Unilever Ltd Oil & Natural Gas Corporation Ltd % 8.92 7.49 5.90 5.42 5.10 5.09 3.91 3.86 3.14 3.06

Fund Performance
Period One year Three Years Five Years Since inception

Returns are compounded annualised and net of charges. Benchmark : A blend of BSE 100 upto 30-9-2012 and CNX Nifty thereafter

Asset Allocation
Others 3%

Equity 97%

Monthly Report

17

ING Preserver Fund

Fund Objective: The fund seeks to generate income by investing in a diversified portfolio of debt and money market instruments of varying maturities. Launch Date: January 1, 2010 Net Asset Value (NAV) as on 30th June 2013: Rs. 14.29 Assets Under Management (AUM): Rs. 910mn AA+ 7.21% AAA 92.79%

Corporate Debt Rating Profile

Movement of NAV
15 14.5 14 13.5 13 12.5 12 11.5 11 10.5
Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13

Portfolio Holdings
Rating Top Ten Holdings-Debt %
12.12 7.26 5.91 5.71 4.44 4.27 4.26 4.21 4.14 3.67 SOVEREIGN 8.33% GOI SEC 09-07-2026 SOVEREIGN 8.97% GOI 05-Dec-2030. SOVEREIGN 8.83% GOI 12-Dec-2041 AAA 10.40% Reliance Ports And Terminals Limited 18-07-2021. 11.40% Power Finance corporation 28-11-2013. 9.95% State Bank of India 16-Mar-2026 8.76% EXIM BANK 10-JAN-2018 9.07% REC 28-02-2018 9.55% Hindalco Industries 27-June-2022

10

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 11.65% 9.05% NA 10.76% Index 10.72% 7.97% NA 7.71%

AAA AAA AAA AAA AA+

SOVEREIGN 8.15% Gsec 11-06-2022

Returns are compounded annualised and net of charges. Index is the Crisil Composite Bond Index.

Asset Allocation
Others 8% Gsec 41%

Corporate Debt 51%

Fixed income duration:4.84

Monthly Report

18

ING Pension Prime Equity Fund

Fund Objective: The fund seeks to achieve long term accelerated capital growth through a portfolio of equities. Launch Date: January 1, 2010 Net Asset Value (NAV) as on 30th June 2013: Rs. 10.14 Assets Under Management (AUM): Rs. 654mn

Sector Allocation
Equity Sector Allocation Financial Services Consumer Products Oil & Gas IT Auto Industrial Manufacturing Construction & Infra Health Care Metals & Mining Miscellaneous Power Telecommunication Cement % 26.59 14.43 12.80 12.61 7.34 5.19 5.11 4.89 4.00 2.64 2.36 2.05

Movement of NAV
12 11.5 11 10.5 10 9.5 9 8.5
Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13

Portfolio Holdings
Top Ten Holdings-Equity ITC Ltd. Reliance Industries Ltd. Infosys Ltd. Housing Development Finance Corporation Ltd. ICICI Bank Ltd. HDFC Bank Ltd. Larsen & Toubro Ltd. Tata Consultancy Services Ltd. Hindustan Unilever Ltd Oil & Natural Gas Corporation Ltd. % 8.86 7.51 5.71 5.45 5.18 5.10 3.96 3.65 3.29 3.18

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 8.09% 0.82% NA 0.41% Benchmark* 10.63% 2.17% NA 2.65%

Returns are compounded annualised and net of charges. Benchmark : A blend of BSE 100 upto 30-9-2012 and CNX Nifty thereafter

Asset Allocation
Others 3%

Equity 97%

Monthly Report

19

ING Pension Preserver Fund

Fund Objective: The fund seeks to generate income by investing in a diversified portfolio of debt and money market instruments of varying maturities. Launch Date: January 1, 2010 Net Asset Value (NAV) as on 30th June 2013: Rs. 14.42 Assets Under Management (AUM): Rs. 424mn AA+ 11.83% AAA 88.17%

Corporate Debt Rating Profile

Movement of NAV
15 14.5 14 13.5 13 12.5 12 11.5 11 10.5
Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13

Portfolio Holdings
Rating
AAA AA+

Top Ten Holdings-Debt

10.40% Reliance Ports And Terminals Limited 18-07-2021 9.55% Hindalco Industries 27-June-2022 8.60% Power Finance corporation 07-08-2014. NOVO X TRUST LOCO SR G PTC (15AP14) IRFC 9.95% State Bank of India 16-Mar-2026 8.90% Power Finance Corporation 14-Dec-2014 8.76% EXIM BANK 10-JAN-2018

%
22.20 7.04 5.66 4.71 4.70 4.45 4.32 3.92 3.55 2.85

10

SOVEREIGN 8.33% GOI SEC 09-07-2026

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 11.57% 9.16% NA 11.05% Index 10.72% 7.97% NA 7.71%

AAA AAA AAA AAA AAA

SOVEREIGN 8.97% GOI 05-Dec-2030. SOVEREIGN 8.83% GOI 12-Dec-2041

Returns are compounded annualised and net of charges. Index is the Crisil Composite Bond Index.

Asset Allocation
Others 11% Gsec 41% Corporate Debt 48%

Fixed income duration:4.79

Monthly Report

20

ING Pension Liquid Fund

Fund Objective: The fund seeks to provide reasonable returns while providing a high level of liquidity and low risk by investing in money market securities. Launch Date: March 5, 2008 Net Asset Value (NAV) as on 30th June 2013: Rs. 14.94 Assets Under Management (AUM): Rs. 57 mn AAA 100%

Corporate Debt Rating Profile

Movement of NAV
15.00 14.50 14.00 13.50 13.00 12.50 12.00 11.50 11.00 10.50
May-08 May-09 May-10 May-12 May-13 Nov-08 Nov-09 Sep-08 Sep-09 Sep-10 Nov-10 Sep-12 Nov-12 Mar-08 Mar-09 Mar-10 Mar-12 Mar-13 Jan-09 Jan-10 Jan-12 Jan-13 Jul-08 Jul-09 Jul-10 Jul-12 May-11 Sep-11 Nov-11 Mar-11 Jan-11 Jul-13

Portfolio Holdings
Rating
P1+
Jul-11

Top Holdings-Debt
Punjab National Bank CD 16-Dec-2013 CORPORATION BANK CD 03-03-2014 State Bank of Hyderabad CD 11-March-2014

%
10.48 9.94 9.92

10.00

P1+ P1+

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 8.59% 8.11% 7.76% 7.83% Index 8.12% 7.99% 7.11% 7.15%

Returns are compounded annualised and net of charges. Index is the Crisil Composite Bond Index.

Asset Allocation
Others 70%

Corporate Debt 30%

Fixed income duration:0.37

Monthly Report

21

ING Pension Debt Fund

Fund Objective: The fund seeks to generate income through an investment mix of high quality bonds and money market instruments. Launch Date: March 5, 2008 Net Asset Value (NAV) as on 30th June 2013: Rs. 16.07 Assets Under Management (AUM): Rs. 591mn AA+ 6.18% AAA 93.82%

Corporate Debt Rating Profile

Movement of NAV
17.00 16.50 16.00 15.50 15.00 14.50 14.00 13.50 13.00 12.50 12.00 11.50 11.00 10.50 10.00

Portfolio Holdings
Rating
May-08 May-09 May-10 May-12 May-13 Sep-08 Nov-08 Sep-09 Nov-09 Sep-10 Nov-10 Sep-12 Nov-12 Mar-08 Mar-09 Mar-10 Mar-12 Mar-13 Jan-09 Jan-10 Jan-12 Jan-13 Jul-08 Jul-09 Jul-10 Jul-12 Jul-13

Top Ten Holdings-Debt

%
7,86 5.92 5.78 5.62 4.75 4.41 4.30 3.75 3.72

SOVEREIGN 8.33% GOI SEC 09-07-2026

May-11 Sep-11 Nov-11 Mar-11 Jan-11 Jul-11

SOVEREIGN 8.97% GOI 05-Dec-2030. SOVEREIGN 8.15% Gsec 11-06-2022 AAA 10.40% Reliance Ports And Terminals Limited 18-07-2021. 9.95% State Bank of India 16-Mar-2026

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 11.86% 9.02% 9.70% 9.33% Index 10.72% 7.97% 7.94% 7.42%

AAA AAA AAA AAA AAA

9.60 LIC Housing Finance Ltd 07-Mar-2021 4.48 9.80% LIC Housing Finance Ltd 09-Jan-2015 9.90% HDFC Ltd. 11-March-2014 8.60% Power Finance corporation 07-08-2014.

SOVEREIGN 8.20% Gsec 24-09-2025.

Returns are compounded annualised and net of charges. Index is the Crisil Composite Bond Index.

Asset Allocation
Others 5% Corporate Debt 57% Gsec 38%

Fixed income duration:4.92

Monthly Report

22

ING Pension Equity Fund

Fund Objective: The fund seeks to achieve long term accelerated capital growth through a portfolio of equities. Launch Date: March 5, 2008 Net Asset Value (NAV) as on 30th June 2013: Rs. 11.52 Assets Under Management (AUM): Rs. 1169 mn

Sector Allocation
Equity Sector Allocation Financial Services Consumer Products Oil & Gas IT Auto Industrial Manufacturing-construction & Infra Miscellaneous Health Care Metals & Mining Power Telecommunication Cement % 26.99 13.75 12.69 12.35 7.75 5.15 4.90 4.89 4.70 2.58 2.32 1.93

Movement of NAV
13.50 13.00 12.50 12.00 11.50 11.00 10.50 10.00 9.50 9.00 8.50 8.00 7.50 7.00 6.50 6.00 5.50 5.00

May-08

May-09

May-10

May-12

May-13

Nov-08

Nov-09

Sep-08

Sep-09

Sep-10

Nov-10

Sep-12

Nov-12

Mar-08

Mar-09

Mar-10

Mar-12

Mar-13

Jan-09

Jan-10

Jan-12

Jan-13

Jul-08

Jul-09

Jul-10

Jul-12

May-11

Sep-11

Nov-11

Mar-11

Jan-11

Jul-13

Jul-11

Portfolio Holdings
Top Ten Holdings-Equity ITC Ltd. Reliance Industries Ltd. Housing Development Finance Corporation Ltd. Infosys Ltd. ICICI Bank Ltd. HDFC Bank Ltd. Larsen & Toubro Ltd. Tata Consultancy Services Ltd. Oil & Natural Gas Corporation Ltd Hindustan Unilever Ltd. % 8.61 7.74 5.83 5.53 5.39 5.03 3.98 3.66 3.04 2.97

Fund Performance
Period One year Three Years Five Years Since inception Fund Return 8.17% 0.48% 6.77% 2.71% Benchmark* 10.63% 2.17% 7.45% 2.71%

Returns are compounded annualised and net of charges. Benchmark : A blend of BSE 100 upto 30-9-2012 and CNX Nifty thereafter

Asset Allocation
Others 3%

Equity 97%

Monthly Report

23

Glossary
Net Asset Value (NAV):
It is defined as the value of one unit of the fund. It is calculated by dividing the total value of all the securities held in the fund portfolio, less any liabilities, by the number of units in the fund. It is calculated once a day based on the closing market prices of the securities in the fund's portfolio.

Assets under management (AUM):

The market value of financial assets that an investment company manages on behalf of investors.

Portfolio Holdings:
It refers to the contents of an investment portfolio held by an entity. The contents are the financial instruments like stocks, bonds, government securities, mutual funds, fixed deposits, corporate deposits, etc. that constitute the fund.

Corporate Debt:
A debt security issued by a corporation and sold to investors. The backing for the bond is usually the payment ability of the company, which is typically money to be earned from future operations.

Government Securities (Gsec):

A debt security issued by a government to raise the funds necessary to pay for its expenses. This includes shortterm Treasury bills, medium-term Treasury notes, and long-term Treasury bonds.

Benchmark Index:
An index that is regarded as a standard and against which the performance of the fund is measured.

BSE 100:
Stands for Bombay Stock Exchange 100. It refers to the top 100 stocks of various sectors in Bombay Stock Exchange that are representative for the entire market movement
ULIP plans are different from the traditional insurance products and are subject to risk factors. 2. The premiums paid in ULIP policies are subject to investment risks associated with capital markets and the Unit Price of the Units may go up or down based on performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. 3 . ING Vysya Life Insurance Company Limited is only the name of the Insurance Company and ING ULIP products are only the name of the ULIP contract and does not in any way indicate the quality of the contract its future prospects or returns. 4 . Be aware of the associated risks and the applicable charges from your insurance agent or the intermediary or policy document of the insurer. 5 .Investments in ULIPs are subject to market and other risks and there can be no assurance that the objectives of the Unit Linked Funds in the ULIP will be achieved. 6 .Past performance of the Unit Linked Fund and other Funds of the Company is not indicative of future performance of any of these Funds. 7 .The premiums and funds are subject to certain charges related to the fund or to the premiums paid. 8. The names of the Unit Linked Funds do not in any manner indicate the quality of the Unit Linked Fund or their future prospects or returns. 9. The ULIP does not offer a guaranteed return and risk in investment is borne by the policyholder. 10.The purpose of the Annual Fund Review is only to provide a general Review about the funds available in the ULIP products. Please refer to the policy terms and conditions of respective products to understand in detail the associated risks, benefits, charges etc. INDICES provided by CRISIL.CRISIL Indices are the sole property of CRISIL. CRISIL Indices shall not be copied, transmitted or redistributed in any manner for any commercial use. CRISIL has taken due care and caution in computation of the Indices, based on the data obtained from sources, which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Indices and is not responsible for any errors or for the results obtained from the use of the Indices. CRISIL especially states that it has no financial liability whatsoever to the users of CRISIL Indices. For more information please contact our nearest Branch Office. Or call us at Toll Free number 1800-419-8228 or visit www.inglife.co.in Insurance is the subject matter of the solicitation. ING Vysya Life Insurance Company Limited is 100% owned by Exide Industries Limited. The word ING and the device are trademarks of ING Groep N.V. and are used under license.ING Vysya Life Insurance Company Limited. IRDA Registration number: 114, Registered and Corporate Office: ING Vysya House, 5th Floor, #22, MG Road, Bangalore 560001, India. Phone: 080 25328000.

Monthly Report

24