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• January 2008

Lo ok!
An ICICI Prudential Life Insurance Company Publication New

Pay Premiums & Switch Funds Online

Use SMS Helpline for Information &


Premium Payments

Explore Health Insurance & it’s Tax Benefits

Know how our Funds Performed

Every retirement dream


has a NUMBER.
Plan your NUMBER with us.
Contents… 3...

4...
CEO Speak

Up Close
9...

11...
Care to Share
Know more about the Tax
Benefits of Health Insurance

Market Overview
Secure your future. Latest market movements
Plan early

5... Product Update 13... Performance of Funds


Want to get your money's full worth?
Ask for 100% plan!

7... Company Showcase 14... Portfolio Details

Pay your premiums through our


website or through a simple SMS!
CEO Speak
Dear Customer,

With the beginning of 2008, ICICI Prudential Life yet again its kind SMS facility for you. Through a simple SMS you

commits itself towards making this year a healthy and a can now know all the details of your policy and also pay

prosperous one for you. your premium.

With the New Year comes the ‘New Ensure’ in its all new look - Over the last few months, ICICI Prudential Life's assets held

more contemporary and designed to be even more reader- crossed the Rs. 28,000 crore mark, enabling us to maintain our

friendly. position as one of the top wealth management institutions in

the country. This significant milestone not only marks our


As we march ahead into our eighth year of operations, we will
commitment towards managing your savings effectively but
continue to enhance your experience with us through
also reflects your trust in us.
innovative products and service initiatives. Our customer

research has brought out various insights into your life With the New Year setting in, we are confident that we will

insurance needs and requirements. In order to fulfill some of continue to not only set new trends in the industry, but also

these needs we have launched some very unique products introduce unique products and services to meet your life

and services in the last few months. insurance needs.

Our latest retirement solution, LifeStage Pension, comes to Do write in to tell us how you enjoyed reading the new-look

you with twin benefits. Automatic asset allocation and Ensure.

quarterly rebalancing help you take advantage of the soaring

Indian stock markets while ensuring that your risk appetite is

not disturbed. LifeStage Pension, our second generation ULIP


Warm regards,
product for pensions, also comes along with capital

preservation at maturity, to create an ideal retirement kitty

for you.

Keeping in mind the growing utilization of mobile phone

technology by all our customers, we have launched the first of Shikha Sharma

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UP CLOSE

What's your retirement number?


Retirement is the time to live your dreams - playing golf with U
So, which is the ideal retirement plan?
friends, splurging on a vintage car, building a lavish bungalow, or
Since all of us have different post-retirement dreams, the ideal
visiting the Alps.
retirement solution should be flexible enough to cater to
But realizing such dreams comes at a cost. We at ICICI Prudential individual needs and in turn help you to achieve your Retirement
Life call this your Retirement Number. Number.

Your Retirement Number is the amount you would need, to live a To help you achieve your investment goals, we present to you,
good life when you are no longer working. And to do that, you LifeStage Pension. The most distinguishing feature of this policy
need to start planning right. is that it has no premium allocation charge for regular premiums.

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When is the right time to start saving for This means that 100% of your money is invested. What's more,
the policy also provides you with a unique lifecycle-based
retirement?
strategy that continuously re-distributes your money across
Remember, the longer you stay invested, the richer you retire! various asset classes based on your life stage and risk tolerance,
The earlier you start saving, the lower the amount to be eventually providing you with the customized retirement
contributed, to earn a specific retirement kitty. solution.

With the power of compounding, money invested earlier has Please refer to the Product Update section of this newsletter for
more time to grow. more details on the product.

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PRODUCT UPDATE

Retirement Solutions for your secure future


As you go through your working life, you think of saving for the U
Key benefits of LifeStage Pension
immediate future. But stop and think - what about your retirement
• 100% fund allocation in the portfolio of your choice
plans? Don't you wish to enjoy a happy and comfortable life post-
• Opportunity to earn potentially higher returns by investing in
retirement? Realizing retirement dreams has a cost attached to it.
Unit Linked Funds
Called a 'retirement number', this is the amount that you would
• Flexibility to choose your retirement age
need, to live a good life when you are no longer working. You need
• Regular income (pension) post retirement
to start planning for your post-retirement life right now.
• Flexibility to choose from 5 pension options
Here's your opportunity to earn potentially higher returns from a • Tax-free commutation to one-third of the accumulated value
unique pension policy. Presenting LifeStage Pension, a unique on vesting date
plan that gives you 100% fund allocation for regular premiums. • Tax benefits on premiums paid u/s 80 CCC
With this policy, you pay zero premium allocation charges – so
The pension plan works in two phases. The first phase is the
your money is fully allocated across various asset classes, to
Accumulation Phase, wherein you pay regular premium towards
grow into a higher retirement kitty. What's more, this policy
the policy and accumulate savings for your retirement. The
provides you with a unique lifecycle-based strategy that
second phase is the Annuity or Pension Phase, wherein you start
continuously re-distributes your money across various asset
receiving pension from the accumulated amount, as per your
classes based on your life stage and risk tolerance.
chosen pension plans.

1. Benefits during the Accumulation Phase


Choice of two portfolio strategies

With LifeStage Pension, you have the option to choose from two
unique portfolio strategies:

A. Lifecycle-based Portfolio Strategy

B. Fixed Portfolio Strategy

a. Lifecycle-based Portfolio Strategy

At policy inception, your investment will be distributed between


two funds, an equity fund (Pension Flexi Growth) and a debt fund
(Pension Protector) in proportions that depend on your age.
We call this Automatic Asset Allocation.

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Key features of this strategy

• Age based portfolio management


• Quarterly rebalancing
• Capital preservation on vesting

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PRODUCT UPDATE

b. Fixed Portfolio Strategy U


Choice of your pension provider

If you prefer to allocate your investments into different classes (Open market option)
based on your personal judgment, then you can opt for the Fixed At the time of vesting, this option enables you to buy a pension
Portfolio Strategy. You have six funds to allocate your investment. from a life insurer of your choice. You have the freedom to take the
They are Pension Flexi Growth, Pension Maximiser, Pension Flexi best offer available in the market.
Balanced, Pension Balancer, Pension Protector and Pension
Preserver. You can switch your funds between any of these six U
Commutation of Pension Fund
funds You have the option of receiving a lump sum amount up to 1/3rd
of the total fund value, tax-free on the vesting date.
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Benefits in general

• Change in Portfolio Strategy (CIPS) U


LifeStage Pension at a glance
• Top-up Minimum Premium Rs. 15,000 p.a.
• Flexible retirement date Minimum Term 10 years
• Cover continuance option Maximum Term 62 years
Minimum / Maximum 18 - 70 years
2. Benefits during the Annuity (Pension) Phase Age at Entry (age nearest birthday)
Minimum / Maximum 50 - 80 years
Five options to receive pension Age at Vesting (age nearest birthday)
Tax Benefits* Premium paid for the policy will be
The accumulated value of your investment will start paying you a
eligible for tax benefit u/s 80 CCC
regular income in the form of a pension at a frequency chosen by
you. The annuity can be received monthly, quarterly, half-yearly
or yearly. On vesting, you have the flexibility to choose from the • Tax benefits under the policy are subject to conditions under

following five options: section 80 CCC, 10(10A) of the Income Tax Act, 1961. Service
tax and education cess will be charged extra by cancellation
• Life annuity
of units, as per applicable rates. The tax laws are subject to
• Life annuity with return of purchase price
amendments from time to time
• Life annuity guaranteed for 5/10/15 years & life thereafter
• Joint life, last survivor without return of purchase price • Commutation of pension (1/3rd of maturity value) on vesting

• Joint life, last survivor with return of purchase price date is tax free under section 10(10A) of the Income Tax Act,
1961, amount received on surrender, as pension is taxable
as income.

For more details on LifeStage Pension, contact any of our


Advisors, FSC's or touchpoints.

Note: The information given here is indicative of the terms,


conditions, exceptions and warranties contained in the insurance
policy. For further details, please refer to the product brochure
and policy documents.

UIN: 105L075V01, Form No.: U49. Advt. No.:E/II/55/2007-08.

6
COMPANY SHOWCASE

Instant information at your fingertips

Get your E-PIN today!

ICICI Prudential brings power at your fingertips - with the E-PIN


facility! Get information on Premium Receipts, Unit Statements,
NAV details or request for Switch & Premium Re-direction plus a
lot more… only with your E-PIN!

Making it easy for you to generate your E-PIN

1. Visit us at www.iciciprulife.com and click on 'Customer' in


the Member login section
Fund Switch
2. Click on the Register/ Forgot password link & select your
profile as a Policyholder A convenient way to transfer your funds

3. Enter the verification details required and click on It's time you moved on to an easy and convenient mode of

Submit. fund transfer - over phone or through our website. The fund
transfer facility is applicable between any two existing funds.
Your E-PIN will be mailed to you at the email ID you wish
to be mailed to. So avail of this facility right away! Follow three simple steps:

1. Call us at any of our Customer Service touchpoints or visit


‘Click‘ to pay your premiums
www.iciciprulife.com
Premium payment has never been simpler! ICICI Prudential
2. Share your verification details with us
brings you online payment of premiums. With this facility you can
3. Specify the parameters of your fund switch transaction
make premium payments with just a click.
Once the above criteria are met, your switch request will be
All you have do is:
processed immediately.
1. Log on to www.iciciprulife.com with your E-PIN
2. Click on ‘Online Transactions’ & then select ‘Pay Premiums’
3. Choose your payment mode & click on ‘Submit’
e-statements: an electronic version of your
You can pay your Renewal Premiums or make Policy Revivals
paper statements
instantly. You can pay your premiums either by Credit Card (Visa &
MasterCard accepted) or through Net Banking – for which we We send your Premium Receipts, Premium Notices and Unit
have tied up with several banks across the country. Statements directly to your email ID. Print them and save

With this service, premium payment now becomes convenient, them as documents whenever you wish.

effortless and timesaving.


Three simple steps to access your e-statements:

1. Visit us at www.iciciprulife.com and log in with your E-PIN


2. Select ‘E statements’ and then select statement type
3. Fill in the requisite details and click on ‘Submit’

7
COMPANY SHOWCASE

Good news for Airtel users! SMS Helpline


Pay your premiums with an SMS Policy information at your fingertips!

Now you can pay your premiums anytime, anywhere - with an Being a valued cusomer of ICICI Prudential, you can access your
SMS! Currently available for all Airtel users, you can pay through policy information anytime, from anywhere! Be it your policy
your Master/Visa Card issued by any bank. status, insights on NAVs or updating your contact details, SMS
Helpline will help you access your policy over the phone!
All you have to do is:
PST - Status of your policy
• Register your Airtel mobile number and Credit Card details
To get a status of your policy or to know the next premium
(card no, expiry date and CVV number) by sending an SMS
due date:
“Mchek” to 121 or 56767. You can also register online by
visiting the www.mchek.com. 1. Type PST with your 8-digit policy number

• Choose a 4 digit PIN which would serve as your security code 2. Send it to 56767.

for making payments E.g. Type PST 00234567 and send it to 56767.

• You would receive a confirmation SMS on successfully NAV - for fund value of a ULIP policy
completing the registration process on the same mobile
To know about the NAV or the total fund value of your ULIP
number
policy:
• Once registered, you can make payments by sending an SMS
1. Type NAV with your 8-digit policy number
“ Mchek <8-digit policy no.> <premium amount>” to 56767
2. Send it to 56767.
• Transaction status will be forwarded to the same mobile
number used for the transaction and you would get the next E.g. Type NAV 00234567 and send it to 56767.

working day’s NAV*. (* applicable only for Unit Linked REG - for mobile number registration
policies)
To register your mobile number:

1. Type REG, your 8-digit policy number, Date of Birth


(DDMMYYYY)

2. Send it to 56767.

E.g. Type REG 00234567 04071979 and send it to 56767.

SMS SRV - to get a list of SMS Helpline Alerts

For all SMS Helpline Alerts:

1. Type SRV

2. Send it to 56767.

For further information on our services,


please email us at lifeline@iciciprulife.com

This is a premium service. All SMS charges would be as


decided by your service provider.

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CARE TO SHARE

Health Insurance & its Tax Benefits


March 31, 2008 is just around the corner. With less than two
months to go before you complete your tax planning, we are sure
you must have already planned sufficiently enough to maximise
your tax savings. This would include making provisions for
availing of tax benefits under Section 80C for upto Rs.1 lakh of
your taxable income, by investing in financial products such as
Unit Linked Insurance Plans, ELSS, PPF, Post Office Savings,
traditional life insurance premiums, among others.

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But do you know that you can still add to your
tax savings, to the tune of Rs.5098?
Wondering how? Read further, to maximise your tax savings from
all angles.

Many of us are not aware of the additional tax benefit of upto Rs


15,000 that can be availed of under Section 80D for premiums
paid towards health insurance policies. The table below illustrates
how you can plan your tax more efficiently by combining the
benefits of both the 80C and 80D instruments under the Income
Tax Act.

Components ULIP Health ULIP + Health combo


Sec 80C Sec 80D Sec 80C & 80D
1 Taxable income (for which you
can avail of a tax benefit) Rs. 1,00,000 Rs. 15,000 Rs. 1,15,000
2 Tax (30% on income) 30% Rs. 30,000 30% Rs. 4,500 30% Rs. 34,500
3 Surcharge (10% on Tax) 10% Rs. 3,000 10% Rs. 450 10% Rs. 3,450
4 Education Cess (3% on Tax + Surcharge) 3% Rs. 990 3% Rs. 148 3% Rs. 1,138
5 Total tax benefit Rs. 33,990 Rs. 5,098 Rs. 39,088

ICICI Prudential brings you a plethora of fixed benefit health providing you protection against death and disability.
insurance plans that cover you for various health related needs,
The premium paid for Crisis Cover is eligible for deduction under
along with an opportunity to avail of tax benefits under Section 80D
Section 80C & 80D*
of the Income Tax Act. Some of our health insurance offerings are:

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Critical illness insurance plans * The overall limit of deduction for investment u/s 80C & 80D of the Income

Crisis Cover is one of the most advanced long-term critical Tax Act, 1961 are Rs. 1,00,000 & Rs. 15,000 respectively, subject to
conditions mentioned therein.
illnesses insurance plans, covering the widest range of critical
illnesses (it provides cover against 35 critical illnesses) while
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Hospital and surgical benefit plans

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CARE TO SHARE

We respect your privacy


Hospital Care is a long-term hospitalisation and surgical benefit At ICICI Prudential Life, we respect your privacy and are committed
plan covering the widest range of conditions and providing cover to ensuring the confidentiality of your information with us.
against all possible hospitalisation and surgical expenses.
From time to time, we send you information on our latest
Hospital Care provides you a number of benefits which helps
cover you at various stages, which you may incur during products and services. This information is conveyed by letter,

hospitalisation e-mail or phone and only to those who we consider customers.

• Daily Hospitalisation Cash Benefit (DHCB): A fixed daily However, we appreciate that some customers may not want to be
benefit provided for every day you are in hospital. contacted over the phone or email for our marketing activities.
• Intensive Care Unit (ICU) Benefit: An additional 50% of the
DHCB benefit is provided if one is admitted to an ICU.
NDNC
• Recuperating Benefit: A post-hospitalisation benefit amount
The Telecom Regulatory Authority of India (TRAI) has
in addition to all other amounts will be paid, to ensure follow
up tests, medicines and consultation go ahead as planned. established a National Do Not Call (NDNC) Registry for
registering the numbers of clients who do not wish to be
• Surgery Benefit: In addition to the above hospitalisation
contacted. This registry has been set up to address the
expenses, a fixed lump sum amount is paid for more than 900
privacy needs of citizens who do not wish to receive
surgical procedures.
unsolicited commercial communication. This registry
The premium paid for Hospital Care is eligible for deduction
is committed to putting a stop to Unsolicited Commercial
under Section 80D of the Income Tax Act.
Communication (UCC) from all sources.

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How to register for NDNC
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Specialised critical Illness insurance plans
As a Mobile / Landline subscriber who does not wish to receive
1. Diabetes Care is a specialized plan offered to only Type 2
telemarketing calls, you will have to include your telephone
diabetics and pre-diabetics; which covers them against 6
number in the NDNC Register. Your request must be made
critical illnesses while offering a medical monitoring and
through your telecom service provider (MTNL, BSNL, Vodafone,
wellness program to manage their diabetic condition.
Airtel, etc).
The premium paid for Diabetes Care is eligible for deduction
under Section 80D of the Income Tax Act. Your telecom service provider will accept your request free of
cost and acknowledge it within 10 days. Thereafter, it will become
2. Cancer Care is a plan specifically designed to offer a cover
effective in 45 days from the date of request.
against the unfortunate event of being diagnosed with Cancer.
The policy offers a lumpsum benefit at various stages of cancer. Before making calls, all telemarketers would have to run their

The premium paid for Cancer Care is eligible for deduction database past this NDNC list to exclude the numbers that should
under Section 80D of the Income Tax Act. not be called.

Thus, health insurance is an ideal combination of complete You can also visit:
protection and financial planning.
http://ndncregistry.gov.in/ndncregistry/index.jsp to know more.
Make a smart choice. Choose from ICICI Prudential's wide range
If you want to block UCC only from ICICI Prudential, then you can
of health products – products that not only suit your need but also
also get in touch with our Call Center, branch or write to us at
maximize your tax savings.
lifeline@iciciprulife.com

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MARKET OVERVIEW

Key Market Levels (as on December 31, 2007)

Mr. Puneet Nanda - Chief Investment Officer, ICICI Prudential Life Insurance Company Limited.

Key Rates Current One Quarter Ago One Year Ago

WPI Inflation 3.45% 3.23% 5.43%

Ten Year Government Security (semi annual) 7.79% 7.89% 7.62%

5 year AAA rated Corporate Bond (annualised) 9.12% 9.50% 8.85%

$-Re exchange rate 39.42 39.85 44.25

BSE 100 11154.28 8967.41 6982.56

Fixed Income towards the end of the month. The benchmark 10-year
government security fell by 0.12% on renewed buying by traders
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Macro Factors
and nationalized banks. Call rates were in the 6.75 – 7.75% range.
Government security and corporate bond yields fell across The Indian rupee appreciated in the previous month to close
maturities due to an improvement in the liquidity situation. The at Rs. 39.42 against the US dollar. Overall market sentiment
month of November saw RBI infusing on an average Rs. 15,000 – improved for debt markets, based on strong global factors.
20,000 crore into the banking system. This situation improved
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Global Events

Globally, interest rates fell with the Federal Reserve cutting their
benchmark Fed fund rate by 0.25% to 4.25% and Bank of England
cutting their benchmark rate by 0.25% to 5.50%. The Central Bank
of Canada too cut its benchmark rate by 0.25% to 4.25%. But
inflation continued to remain an area of concern for all central
banks. Internationally, crude oil price rose to $98 / bbl on the
back of dwindling reserves in the US and political tension in the
Middle East.

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Outlook

In the near term, we expect rates to remain volatile with liquidity


to remain positive. Market participants would wait for the
domestic credit policy on 29th January before deciding the future
course of action. We expect a moderate oil price hike during the
month. Inflation is likely to remain below RBI's comfort level of
4.5% to 5%. We expect call rates to remain in the 6.50 – 7.00%
range. Our view on interest rates is neutral on corporate bonds
and positive on government securities.

11
MARKET OVERVIEW

expect a strong Q3 result season, in line with first half


performance, underscoring the fundamental strength that is
acting as a support to the above-average valuations that the
market is trading at. On a full-year basis, on the back of strong first
half results, we expect corporate earnings growth to be in excess
of 20%. Earnings growth in the coming few years however will be
considerably lower than what has been witnessed in the last few
years, both due to rising base as well as limited scope for margin
expansion, going forward. The sales growth in the last three
quarters has slowed down to mid-teens, and it is margin surprises
that have led to stronger-than-expected earnings performance.

The forward price-earning (P/E) ratio for comprising aggregate in


the BSE Sensex currently stands at nearly 22 times 12-month
forward earnings. These valuations are above mean but we
believe that, as long as the companies' medium-term earnings
growth is also above long-term mean, as has been the case
recently, the current valuations would sustain.

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Outlook
Equity In the short-term, the markets could remain volatile in a narrow
band with strong domestic fund flows creating demand, and large
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Market Review and Fund Flows
IPO pipeline providing supply. Over medium-term, factors such
The market ended the month strongly up, with nearly 7% returns,
as corporate performance and interest rates are the most
recouping the small losses observed during the month of
important drivers for the market. Our medium-term and long-term
November. More importantly, the smaller and mid-cap indices
views are that growth will sustain and interest rates will soften
outperformed the narrower indices which have large caps,
making us retain our positive long-term opinion on the equities.
continuing the trend of the last few months. In other words, the
momentum in the market had much wider breadth than in earlier Key Message
moves. The capital inflows from foreigners which had turned
The investor should always guard against complacency and
negative in the month of November once again reported positive
getting influenced by short-term performance of asset
numbers, in excess of USD1bn for the month of December,
markets. The fact remains that asset allocation is the single
surprising everybody. The local funds also were significant
biggest determinant of long-term returns. An investor should
buyers, aided by mopped corpuses of some recent NFOs, during
determine an appropriate asset mix based on risk profile,
the month of December, adding to the liquidity-led surge.
financial goals and investment horizon and invest accordingly.

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Earnings and Valuation It's an ongoing process and one should continuously review
the portfolio at regular intervals to rebalance it in line with
The corporate performance for the first half of the year was
chosen long term asset allocation. A disciplined, asset
robust, with more than 25% growth in net income in the Sensex
allocation based investment strategy is key to successfully
group of companies. The momentum in banking and capital
meeting long-term financial goals.
goods sectors is driving the aggregate growth numbers. We

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PERFORMANCE OF FUNDS
Performance Summary as on December 31, 2007
Scheme Performance Annualised Return Inception Date
(1 year) (Since Inception)
Preserver 9.06% 6.71% 17-May-04
Protector 8.92% 8.15% 16-Nov-01
Balancer 24.42% 19.15% 16-Nov-01
Maximiser 49.24% 37.05% 16-Nov-01
Pension Preserver 9.40% 6.65% 17-May-04
Pension Protector 8.96% 6.88% 31-May-02
Pension Balancer 23.41% 19.77% 31-May-02
Pension Maximiser 48.96% 41.30% 31-May-02
Investshield Cash 9.38% 6.58% 3-Jan-05
Investshield Life 20.68% 16.69% 3-Jan-05
Investshield Pension 21.30% 17.01% 3-Jan-05

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PORTFOLIO DETAILS as on December 31, 2007
BALANCER Fund Objective: To generate a good mix of long-term capital appreciation along with current income through investment in equity as well
as fixed income instruments in appropriate proportions depending on market conditions prevalent from time to time.

Rating Profile (as % of Debt) Company % Net Assets Industry Total Company % Net Assets Industry Total

CAPITAL GOODS & INFRASTRUCTURE 9.59% STATE BANK OF INDIA AAA 1.15%
LARSEN & TOUBRO 4.15% IRFC AAA 1.12%
BHARAT HEAVY ELECTRICALS 3.49% CITICORP MARUTI FINANCE AAA 1.02%
EMCO 0.50% GE MONEY FINANCIAL SERVICES AAA 0.91%
Short Term
Securities - P1+ Corp Bonds - AA & ABB 0.46% GE CAPITAL SERVICES AAA 0.82%
and Equivalent, eq., 4.57% BHARAT EARTH MOVERS 0.41% CITICORP FINANCE INDIA AAA 0.49%
4.62% Corp Bonds - AAA & MADHUCON PROJECTS 0.31% RABO INDIA FINANCE AAA 0.36%
Corp Bonds - AA+ eq., 32.43%
CUMMINS INDIA 0.27% ICICI BANK AAA 0.26%
& eq., 7.82%
PGC PTC AAA 0.22%
Call / Current FINANCE 8.45%
TATA SONS AAA 0.21%
Assets, 6.76% HDFC BANK 3.45%
ICICI SECURITIES AAA 0.13%
AXIS BANK 2.90%
RELIANCE INDUSTRIES AAA 0.12%
STATE BANK OF INDIA 1.01%
Government ICICI BANK PTC AAA 0.08%
PUNJAB NATIONAL BANK 0.98%
Securities, 16.94% STATE BANK OF PATIALA AAA 0.05%
Deposits with INDIA INFOLINE 0.11%
POWER GRID CORPORATION AAA 0.02%
Banks, 26.87% HDFC 0.00%
SUNDARAM FINANCE AA+ 1.64%
CHEMICALS 4.62% TML FINANCIAL SERVICES AA+ 0.58%
RELIANCE INDUSTRIES 4.62% AXIS BANK AA+ 0.53%
IDBI AA+ 0.43%
TELECOM & MEDIA 3.84% TATA TEA AA+ 0.37%
BHARTI AIRTEL 3.07% MAHINDRA & MAHINDRA FINANCE AA+ 0.37%
ZEE ENTERTAINMENT ENTERPRISES 0.63% L&T FINANCE AA+ 0.30%
DISH TV INDIA 0.10% INDIAN HOTELS COMPANY AA+ 0.27%
WIRE AND WIRELESS INDIA 0.05% FINOLEX CABLES AA+ 0.11%
Sector Allocation (as % of Equity)
BAJAJ AUTO FINANCE AA+ 0.08%
SOFTWARE 3.60%
ULTRATECH CEMENT AA+ 0.07%
SATYAM COMPUTERS 1.77%
COLAMANDALAM DBS FINANCE AA 1.43%
POWER 0.84% INFOSYS TECHNOLOGIES 1.64%
KOTAK MAHINDRA PRIME AA 1.05%
TATA CONSULTANCY SERVICES 0.12%
OTHERS 0.96% SHRIRAM TRANSPORT FINANCE COMPANY AA 0.29%
KPIT CUMMINS INFOSYSTEM 0.07%
SHIPPING 1.20% YES BANK A1+ 0.35%
WIPRO 0.00%
IDFC A1+ 0.25%
OIL & GAS 1.99%
FMCG 2.62% TATA SONS A1+ 0.21%
CEMENT & 2.34%
CONGLOMERATES ITC 1.37% IDBI A1+ 0.10%
METALS 2.79% DABUR INDIA 0.49% AXIS BANK P1+ 0.40%
HINDUSTAN LEVER 0.49% POWER FINANCE CORPORATION P1+ 0.36%
AUTO 6.40%
ASIAN PAINTS 0.15% COLAMANDALAM DBS FINANCE P1+ 0.32%
FMCG 6.68% ICI INDIA 0.06% STANDARD CHARTERED INVEST & LOANS P1+ 0.24%
SOFTWARE 9.18% PROCTER & GAMBLE HYGIENE & HEALTH CARE 0.05% UNION BANK OF INDIA P1+ 0.22%
SUNDARAM FINANCE P1+ 0.14%
TELECOM & MEDIA 9.80% AUTO 2.51% CITIBANK P1+ 0.12%
CHEMICALS 11.79% MAHINDRA & MAHINDRA 1.72% ALLAHABAD BANK P1+ 0.11%
MARUTI UDYOG 0.32%
FINANCE 21.55%
TVS MOTOR COMPANY 0.26% Total 30.06%
CAPITAL GOODS & 24.47%
INFRASTRUCTURE HERO HONDA MOTORS 0.21%
28% GOVERNMENT SECURITIES RATING % Net Assets
0% 4% 8% 12% 16% 20% 24% METALS 1.09%
8.33% GOI 2036 Sovereign 3.42%
HINDALCO INDUSTRIES 0.60%
7.99% GOI 2017 Sovereign 3.34%
STEEL AUTHORITY OF INDIA 0.25%
7.95% GOI 2032 Sovereign 1.53%
STERLITE INDUSTRIES (INDIA) 0.25%
8.20% GOI 2022 Sovereign 1.49%
CEMENT & CONGLOMERATES 0.92% 8.40% ANDHRA PRADESH GS 2017 Sovereign 0.25%
AMBUJA CEMENTS 0.39% 8.20% GOI (OIL) 2024 Sovereign 0.07%
ASSOCIATED CEMENT COMPANIES 0.37% 11.40% GOI 2008 Sovereign 0.06%
SHREE CEMENT 0.16% 8.03% GOI FCI 2024 Sovereign 0.06%
6.96% GOI (OIL) 2009 Sovereign 0.04%
OIL & GAS 0.78% 7.59% GOI 2016 Sovereign 0.03%
OIL & NATURAL GAS CORPORATION 0.43% 7.49% GOI 2017 Sovereign 0.01%
INDIAN OIL CORPORATION 0.35% 8.39% TAMILNADU GS 2017 Sovereign 0.01%
7.99% GOI 2012 Sovereign 0.00%
SHIPPING 0.47%
8.40% GOI OIL BOND 2026 Sovereign 0.00%
ABG SHIPYARD 0.47%
8.07% GOI 2017 Sovereign 0.00%
OTHERS 0.38% 11.85% ANDHRA PRADESH 2009 Sovereign 0.00%
JAIN IRRIGATION SYSTEMS 0.29% 11.85% KARNATAKA 2009 Sovereign 0.00%
GOKALDAS EXPORTS 0.09% 12.25% GOI 2008 Sovereign 0.00%
7.00% GOI 2009 Sovereign 0.00%
POWER 0.33%
KALPATARU POWER TRANSMISSION 0.33% Total 10.30%

Total 39.20% Deposits with Banks 16.34%

DEBENTURES / BONDS RATING % Net Assets Accrued Interest / Cash / Call /


Money at Short Notice / Loans /
HDFC AAA 2.91%
Other Net Current Assets 4.11%
IDFC AAA 2.04%
LIC HOUSING FINANCE AAA 1.94% 100.00%
POWER FINANCE CORPORATION AAA 1.80%
EXIM BANK AAA 1.56% Assets Held (Rs. Million) 26,350.13

NABARD AAA 1.34%


CITIFINANCIAL CONSUMER FINANCE INDIA AAA 1.19%

14
PORTFOLIO DETAILS as on December 31, 2007
PROTECTOR Fund Objective: To generate a steady stream of income through investment in various fixed income securities. We would seek to
generate adequate capital appreciation as well while maintaining suitable balance between returns, safety and liquidity

Rating Profile (as % of Debt) Company % Net Assets Industry Total Company % Net Assets Industry Total

DEBENTURES / BONDS RATING % Net Assets GOVERNMENT SECURITIES RATING % Net Assets
NABARD AAA 5.29%
8.33% GOI 2036 Sovereign 6.00%
LIC HOUSING FINANCE AAA 4.11%
7.99% GOI 2017 Sovereign 5.66%
Corp Bonds - AA & eq., HDFC AAA 3.62%
7.95% GOI 2032 Sovereign 2.67%
3.56% POWER FINANCE CORPORATION AAA 3.54%
Call / Current Assets, 8.20% GOI 2022 Sovereign 2.45%
Short Term Securities - STATE BANK OF INDIA AAA 2.35%
6.28% 8.40% ANDHRA PRADESH GS 2017 Sovereign 0.29%
P1 and Equivalent, 0.19% IDFC AAA 2.23%
Short Term Securities -
P1+ and Equivalent, 8.03% GOI FCI 2024 Sovereign 0.14%
Corp Bonds - AAA & eq., IRFC AAA 2.05%
3.92% 35.23% 8.20% GOI (OIL) 2024 Sovereign 0.11%
EXIM BANK AAA 2.01%
GE MONEY FINANCIAL SERVICES AAA 1.65% Total 17.33%
Corp Bonds - CITIFINANCIAL CONSUMER FINANCE INDIA AAA 1.58%
AA+ & eq., GE CAPITAL SERVICES AAA 1.57% Deposits with Banks 24.57%
8.91%
CITICORP FINANCE INDIA AAA 1.21%
Accrued Interest / Cash / Call /
ICICI BANK AAA 0.96%
Money at Short Notice / Loans /
Government Securities, PGC PTC AAA 0.55%
Deposits with Banks, Other Net Current Assets 6.28%
17.33% RABO INDIA FINANCE AAA 0.54%
24.57%
RELIANCE INDUSTRIES AAA 0.51% 100.00%
ICICI SECURITIES AAA 0.41%
CITICORP MARUTI FINANCE AAA 0.40% Assets Held (Rs. Million) 10540.19

TATA SONS AAA 0.33%


ICICI BANK PTC AAA 0.23%
Maturity Profile STATE BANK OF PATIALA AAA 0.10%
SUNDARAM FINANCE AA+ 4.02%
TML FINANCIAL SERVICES AA+ 1.04%
> 10 years 12.08%
AXIS BANK AA+ 0.68%
IDBI AA+ 0.67%
7- 10 years 14.98%
TATA TEA AA+ 0.67%
L&T FINANCE AA+ 0.47%
5 - 7 years 0.64%
INDIAN HOTELS COMPANY AA+ 0.45%
MAHINDRA & MAHINDRA FINANCE AA+ 0.40%
1- 5 years 35.32%
FINOLEX CABLES AA+ 0.28%
ULTRATECH CEMENT AA+ 0.12%
< 1 year 36.99%
BAJAJ AUTO FINANCE AA+ 0.12%

0% 5% 10% 15% 20% 25% 30% 35% 40%


COLAMANDALAM DBS FINANCE AA 2.55%
KOTAK MAHINDRA PRIME AA 0.55%
SHRIRAM TRANSPORT FINANCE COMPANY AA 0.46%
ABN AMRO BANK A1+ 0.71%
IDFC A1+ 0.46%
TATA SONS A1+ 0.45%
IDBI A1+ 0.12%
UNION BANK OF INDIA P1+ 0.69%
AXIS BANK P1+ 0.65%
POWER FINANCE CORPORATION P1+ 0.45%
SUNDARAM FINANCE P1+ 0.21%
CITIBANK P1+ 0.19%
INDIA INFOLINE F1 0.19%

Total 51.81%

15
PORTFOLIO DETAILS as on December 31, 2007
MAXIMISER Fund Objective: To generate long-term capital appreciation through investment primarily in equity and equity-related instruments.

Sector Allocation (as % of Equity) Company % Net Assets Industry Total Company % Net Assets Industry Total

CAPITAL GOODS & INFRASTRUCTURE 22.52% Total 98.82%


LARSEN & TOUBRO 9.78%
PHARMACEUTICALS 0.13% Deposits with Banks 0.03%
SHIPPING 0.62% BHARAT HEAVY ELECTRICALS 8.71%
OTHERS 0.75% CUMMINS INDIA 1.01% Accrued Interest / Cash / Call /
POWER 0.85% MADHUCON PROJECTS 1.00%
OIL & GAS 2.31%
Money at Short Notice /
CEMENT & BHARAT EARTH MOVERS 0.79% Other Net Current Assets
CONGLOMERATES 3.11%
METALS 5.27% ABB 0.73% 1.15%
AUTO 5.50% EMCO 0.30%
FMCG 6.42% 100.00%
VOLTAS 0.19%
TELECOM & MEDIA 9.24%
SOFTWARE 9.54% Assets Held (Rs. Million) 110023.85
FINANCE 21.10%
CHEMICALS 12.12%
FINANCE 21.36% HDFC BANK 8.43%
CAPITAL GOODS &
INFRASTRUCTURE 22.78% AXIS BANK 6.53%
0% 4% 8% 12% 16% 20% 24% STATE BANK OF INDIA 2.78%
PUNJAB NATIONAL BANK 1.78%
HDFC 1.51%
INDIA INFOLINE 0.07%

CHEMICALS 11.98%
RELIANCE INDUSTRIES 11.77%
TATA CHEMICALS 0.20%

SOFTWARE 9.43%
INFOSYS TECHNOLOGIES 4.32%
SATYAM COMPUTERS 4.23%
TATA CONSULTANCY SERVICES 0.48%
KPIT CUMMINS INFOSYSTEM 0.26%
WIPRO 0.08%
HCL INFOSYSTEM 0.05%

TELECOM & MEDIA 9.13%


BHARTI AIRTEL 6.50%
ZEE ENTERTAINMENT ENTERPRISES 2.27%
DISH TV INDIA 0.26%
WIRE AND WIRELESS INDIA 0.11%
ZEE NEWS 0.00%

FMCG 6.35%
ITC 3.56%
DABUR INDIA 1.31%
HINDUSTAN LEVER 1.04%
PROCTER & GAMBLE HYGIENE & HEALTH CARE 0.23%
ASIAN PAINTS 0.13%
ICI INDIA 0.08%

AUTO 5.43%
MAHINDRA & MAHINDRA 3.68%
MARUTI UDYOG 0.94%
HERO HONDA MOTORS 0.48%
TVS MOTOR COMPANY 0.34%

METALS 5.20%
STEEL AUTHORITY OF INDIA 2.15%
STERLITE INDUSTRIES (INDIA) 1.34%
HINDALCO INDUSTRIES 1.10%
TATA STEEL 0.62%

CEMENT & CONGLOMERATES 3.07%


ASSOCIATED CEMENT COMPANIES 1.54%
AMBUJA CEMENTS 0.97%
SHREE CEMENT 0.28%
GRASIM INDUSTRIES 0.28%

OIL & GAS 2.28%


OIL & NATURAL GAS CORPORATION 2.09%
INDIAN OIL CORPORATION 0.19%

POWER 0.84%
KALPATARU POWER TRANSMISSION 0.52%
RELIANCE ENERGY 0.32%

OTHERS 0.74%
JAIN IRRIGATION SYSTEMS 0.62%
GOKALDAS EXPORTS 0.12%

SHIPPING 0.61%
ABG SHIPYARD 0.61%

PHARMACEUTICALS 0.13%
DR. REDDYS LABORATORIES 0.13%

16
PORTFOLIO DETAILS as on December 31, 2007
PRESERVER Fund Objective: To provide suitable returns through low risk investments in debt and money market instruments while attempting to
protect the capital deployed in the fund.

Rating Profile (as % of Debt) Maturity Profile Company % Net Assets Industry Total

DEBENTURES / BONDS RATING % Net Assets


ABN AMRO BANK A1+ 6.73%
STATE BANK OF MYSORE A1+ 5.27%
IDFC A1+ 4.59%
1- 5 years 1.76%
Call / Current
TATA SONS A1+ 3.81%
Short Term Assets, 2.54%
Securities - P1 and Corp Bonds - AAA UNION BANK OF INDIA A1+ 2.75%
Equivalent, 5.50% & eq., 0.00% YES BANK A1+ 1.18%
SUNDARAM FINANCE P1+ 6.87%
< 1 year 98.24% DSP MERILL LYNCH CAPITAL P1+ 5.33%
UNION BANK OF INDIA P1+ 5.17%
KOTAK MAHINDRA BANK P1+ 4.94%
0% 20% 40% 60% 80% 100% 120% CANARA BANK P1+ 3.37%
AXIS BANK P1+ 0.73%
Deposits with Short Term ALLAHABAD BANK P1+ 0.46%
Banks, 40.51% Securities - P1+ CITIBANK P1+ 0.24%
and Equivalent,
51.45% INDIA INFOLINE F1 5.50%

Total 56.95%

Deposits with Banks 40.51%

Accrued Interest / Cash / Call /


Money at Short Notice /
Other Net Current Assets 2.54%

100.00%

Assets Held (Rs. Million) 1672.03

Fund Objective: To generate a good mix of long-term capital appreciation along with current income through investment in equity as well
PENSION PRESERVER as fixed income instruments in appropriate proportions depending on market conditions prevalent from time to time.

Rating Profile (as % of Debt) Maturity Profile Company % Net Assets Industry Total

DEBENTURES / BONDS RATING % Net Assets


CITICORP FINANCE INDIA AAA 0.20%
Corp Bonds - AAA ABN AMRO BANK A1+ 7.16%
Call / Current 1- 5 years 2.20%
& eq., 0.20% Assets, 3.28% STATE BANK OF MYSORE A1+ 6.25%
Short Term
IDFC A1+ 3.66%
Securities - P1 and
Equivalent, 8.36% UNION BANK OF INDIA A1+ 3.51%
< 1 year 97.80% TATA SONS A1+ 2.69%
IDBI A1+ 1.83%
0% 20% 40% 60% 80% 100% 120%
SUNDARAM FINANCE P1+ 5.85%
KOTAK MAHINDRA BANK P1+ 5.14%
DSP MERILL LYNCH CAPITAL P1+ 5.12%
UNION BANK OF INDIA P1+ 4.99%
Short Term
Deposits with Securities - P1+ CANARA BANK P1+ 2.16%
Banks, 39.16% and Equivalent, AXIS BANK P1+ 0.67%
49.00%
INDIA INFOLINE F1 8.36%

Total 57.57%

Deposits with Banks 39.16%

Accrued Interest / Cash / Call /


Money at Short Notice /
Other Net Current Assets 3.28%

100.00%

Assets Held (Rs. Million) 131.02

17
PORTFOLIO DETAILS as on December 31, 2007
PENSION BALANCER Fund Objective: To provide a balanced investment between long-term capital appreciation and current income through investment in
equity as well as fixed income instruments in appropriate proportions depending on market conditions prevalent from time to time.

Rating Profile (as % of Debt) Company % Net Assets Industry Total Company % Net Assets Industry Total

FINANCE 8.53% POWER 0.00%


HDFC BANK 3.68% BGR ENERGY SYSTEM LTD. 0.00%
AXIS BANK 2.85%
Total 39.24%
Corp Bonds - AA & eq., PUNJAB NATIONAL BANK 0.89%
Short Term Securities -
P1+ and Equivalent, 4.86% STATE BANK OF INDIA 0.83% DEBENTURES / BONDS RATING % Net Assets
3.51% Corp Bonds - AAA & eq., HDFC 0.29% HDFC AAA 3.17%
Call / Current Assets, 31.86%
IDFC AAA 2.37%
7.85% CAPITAL GOODS & INFRASTRUCTURE 7.83%
LIC HOUSING FINANCE AAA 1.70%
BHARAT HEAVY ELECTRICALS 2.93%
POWER FINANCE CORPORATION AAA 1.58%
Corp Bonds - AA+ & LARSEN & TOUBRO 2.69%
eq., 7.29% EXIM BANK AAA 1.35%
EMCO 0.90%
NABARD AAA 1.26%
ABB 0.61%
STATE BANK OF INDIA AAA 1.21%
MADHUCON PROJECTS 0.27%
Government IRFC AAA 1.07%
CUMMINS INDIA 0.19%
Securities, 17.18% CITIFINANCIAL CONSUMER FINANCE INDIA AAA 0.97%
BHARAT EARTH MOVERS 0.09%
Deposits with Banks, CITICORP FINANCE INDIA AAA 0.96%
27.47% VOLTAS 0.08%
GE MONEY FINANCIAL SERVICES AAA 0.90%
MUNDRA PORT AND SPECIAL
GE CAPITAL SERVICES AAA 0.79%
ECONOMIC ZONE 0.07%
CITICORP MARUTI FINANCE AAA 0.49%
MAYTAS INFRA 0.02%
RABO INDIA FINANCE AAA 0.33%
CHEMICALS 4.59% PGC PTC AAA 0.29%
RELIANCE INDUSTRIES 4.59% ICICI BANK AAA 0.26%
Sector Allocation (as % of Equity)
ICICI SECURITIES AAA 0.24%
SOFTWARE 4.11%
TATA SONS AAA 0.19%
SATYAM COMPUTERS 1.83%
IT 0.74%
RELIANCE INDUSTRIES AAA 0.11%
INFOSYS TECHNOLOGIES 1.64%
OTHERS 1.14% POWER GRID CORPORATION AAA 0.07%
WIPRO 0.23%
OIL & GAS 1.60% ICICI BANK PTC AAA 0.06%
2.61%
KPIT CUMMINS INFOSYSTEM 0.20%
SHIPPING SUNDARAM FINANCE AA+ 1.66%
CEMENT &
2.80% INFOTECH ENTERPRISES 0.11%
CONGLOMERATES TML FINANCIAL SERVICES AA+ 0.56%
FMCG 6.28% TATA CONSULTANCY SERVICES 0.10%
AXIS BANK AA+ 0.42%
METALS 6.49%
TELECOM & MEDIA 3.01% IDBI AA+ 0.40%
AUTO 6.79%
TELECOM & MEDIA 7.66% BHARTI AIRTEL 2.41% MAHINDRA & MAHINDRA FINANCE AA+ 0.39%
SOFTWARE 10.48% ZEE ENTERTAINMENT ENTERPRISES 0.57% TATA TEA AA+ 0.37%
CHEMICALS 11.71%
WIRE AND WIRELESS INDIA 0.03% INDIAN HOTELS COMPANY AA+ 0.26%
CAPITAL GOODS &
INFRASTRUCTURE
19.95% FINOLEX CABLES AA+ 0.14%
FINANCE 21.75% AUTO 2.67% L&T FINANCE AA+ 0.08%
0% 4% 8% 12% 16% 20% 24% MAHINDRA & MAHINDRA 1.84% BAJAJ AUTO FINANCE AA+ 0.08%
HERO HONDA MOTORS 0.34% ULTRATECH CEMENT AA+ 0.06%
MARUTI UDYOG 0.29% COLAMANDALAM DBS FINANCE AA 1.49%
TVS MOTOR COMPANY 0.19% KOTAK MAHINDRA PRIME AA 1.19%
SHRIRAM TRANSPORT FINANCE COMPANY AA 0.28%
METALS 2.55%
IDBI A1+ 0.29%
HINDALCO INDUSTRIES 0.74%
AXIS BANK P1+ 0.40%
MAN INDUSTRIES INDIA 0.53%
COLAMANDALAM DBS FINANCE P1+ 0.37%
ESS DEE ALUMINIUM 0.44%
POWER FINANCE CORPORATION P1+ 0.35%
STEEL AUTHORITY OF INDIA 0.40%
STANDARD CHARTERED INVEST & LOANS P1+ 0.26%
STERLITE INDUSTRIES (INDIA) 0.22%
UNION BANK OF INDIA P1+ 0.22%
TATA STEEL 0.15%
SUNDARAM FINANCE P1+ 0.13%
JINDAL STAINLESS 0.06%
CITIBANK P1+ 0.11%
FMCG 2.46%
Total 28.87%
ITC 1.31%
DABUR INDIA 0.52% GOVERNMENT SECURITIES RATING % Net Assets
ICI INDIA 0.40%
HINDUSTAN LEVER 0.16% 8.33% GOI 2036 Sovereign 3.42%
PROCTER & GAMBLE HYGIENE & 7.99% GOI 2017 Sovereign 3.39%
HEALTH CARE 0.08% 7.95% GOI 2032 Sovereign 1.54%
8.20% GOI 2022 Sovereign 1.48%
CEMENT & CONGLOMERATES 1.10% 8.40% ANDHRA PRADESH GS 2017 Sovereign 0.24%
SHREE CEMENT 0.50% 8.39% TAMILNADU GS 2017 Sovereign 0.12%
ASSOCIATED CEMENT COMPANIES 0.33% 8.07% GOI 2017 Sovereign 0.09%
AMBUJA CEMENTS 0.26% 11.40% GOI 2008 Sovereign 0.07%
8.20% GOI (OIL) 2024 Sovereign 0.06%
SHIPPING 1.02%
8.03% GOI FCI 2024 Sovereign 0.02%
GREAT EASTERN SHIPPING COMPANY 0.47%
ABG SHIPYARD 0.30% Total 10.44%
ALLCARGO GLOBAL LOGISTICS 0.25%
Deposits with Banks 16.69%
OIL & GAS 0.63%
OIL & NATURAL GAS CORPORATION 0.53% Accrued Interest / Cash / Call /
INDIAN OIL CORPORATION 0.09% Money at Short Notice /
Other Net Current Assets 4.77%
OTHERS 0.45% 100.00%
GOKALDAS EXPORTS 0.25%
INDIAN HOTELS COMPANY 0.20% Assets Held (Rs. Million) 8298.64

IT 0.29%
FIRSTSOURCE SOLUTIONS 0.29%

18
PORTFOLIO DETAILS as on December 31, 2007
PENSION PROTECTOR Fund Objective: To provide accumulation of income through investment in various fixed income securities. The Plan seeks to provide
capital appreciation while maintaining suitable balance between return, safety and liquidity.

Rating Profile (as % of Debt) Company % Net Assets Industry Total Company % Net Assets Industry Total

DEBENTURES / BONDS RATING % Net Assets GOVERNMENT SECURITIES RATING % Net Assets
HDFC AAA 4.66%
8.33% GOI 2036 Sovereign 5.89%
Short Term Securities - POWER FINANCE CORPORATION AAA 3.37%
P1+ and Equivalent, 7.99% GOI 2017 Sovereign 5.70%
LIC HOUSING FINANCE AAA 3.15%
4.57% 7.95% GOI 2032 Sovereign 2.65%
NABARD AAA 2.80%
Corp Bonds - AA & eq., 8.20% GOI 2022 Sovereign 2.47%
Call / Current Assets, 4.18% IDFC AAA 2.48%
6.95% 8.40% ANDHRA PRADESH GS 2017 Sovereign 0.31%
Corp Bonds - AAA & eq., EXIM BANK AAA 2.15%
30.97% 11.40% GOI 2008 Sovereign 0.16%
CITIFINANCIAL CONSUMER FINANCE INDIA AAA 1.96%
Corp Bonds - AA+ & eq., 8.20% GOI (OIL) 2024 Sovereign 0.11%
9.55% IRFC AAA 1.66%
8.03% GOI FCI 2024 Sovereign 0.02%
STATE BANK OF INDIA AAA 1.57%
GE MONEY FINANCIAL SERVICES AAA 1.46% Total 17.31%
GE CAPITAL SERVICES AAA 1.20%
CITICORP FINANCE INDIA AAA 1.03% Deposits with Banks 26.47%
ICICI BANK AAA 0.80%
Accrued Interest / Cash / Call /
Government Securities, RABO INDIA FINANCE AAA 0.63%
Money at Short Notice / Loans /
17.31% Deposits with Banks, RELIANCE INDUSTRIES AAA 0.55%
26.47% Other Net Current Assets 6.95%
PGC PTC AAA 0.54%
TATA SONS AAA 0.39% 100.00%
ICICI SECURITIES AAA 0.21%
CITICORP MARUTI FINANCE AAA 0.21% Assets Held (Rs. Million) 3553.98

ICICI BANK PTC AAA 0.14%


Maturity Profile SUNDARAM FINANCE AA+ 3.61%
TML FINANCIAL SERVICES AA+ 1.00%
AXIS BANK AA+ 0.87%
> 10 years 11.70%
IDBI AA+ 0.84%
7- 10 years 14.01%
L&T FINANCE AA+ 0.81%
MAHINDRA & MAHINDRA FINANCE AA+ 0.79%
5 - 7 years 0.50%
TATA TEA AA+ 0.64%
1- 5 years 28.63% INDIAN HOTELS COMPANY AA+ 0.49%
FINOLEX CABLES AA+ 0.22%
< 1 year 45.17%
ULTRATECH CEMENT AA+ 0.15%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%
BAJAJ AUTO FINANCE AA+ 0.14%
COLAMANDALAM DBS FINANCE AA 2.50%
KOTAK MAHINDRA PRIME AA 1.17%
SHRIRAM TRANSPORT FINANCE COMPANY AA 0.51%
ABN AMRO BANK A1+ 0.53%
UNION BANK OF INDIA P1+ 1.21%
CANARA BANK P1+ 0.79%
AXIS BANK P1+ 0.71%
POWER FINANCE CORPORATION P1+ 0.54%
SUNDARAM FINANCE P1+ 0.23%
COLAMANDALAM DBS FINANCE P1+ 0.22%
CITIBANK P1+ 0.20%
ALLAHABAD BANK P1+ 0.14%

Total 49.27%

19
PORTFOLIO DETAILS as on December 31, 2007
PENSION MAXIMISER Fund Objective: To provide long-term capital appreciation through investments primarily in equity and equity-related instruments.

Sector Allocation (as % of Equity) Company % Net Assets Industry Total Company % Net Assets Industry Total

CAPITAL GOODS & INFRASTRUCTURE 20.46% BGR ENERGY SYSTEM LTD. 0.02%
IT 0.50%
LARSEN & TOUBRO 8.03%
OTHERS 0.87%
OTHERS 0.89% BHARAT HEAVY ELECTRICALS 7.83%
INDIAN HOTELS COMPANY 0.56%
POWER 1.50% EMCO 0.97%
SHIPPING 1.52% GOKALDAS EXPORTS 0.32%
KIRLOSKAR BROTHERS 0.90%
OIL & GAS 2.55%
CEMENT &
CUMMINS INDIA 0.72% IT 0.49%
CONGLOMERATES
3.84%
MADHUCON PROJECTS 0.65% FIRSTSOURCE SOLUTIONS 0.49%
AUTO 5.33%
FMCG 6.00% ABB 0.62%
METALS 6.69% BHARAT EARTH MOVERS 0.26% Total 97.68%
TELECOM & MEDIA 7.82% VOLTAS 0.21%
SOFTWARE 9.09%
Money at Short Notice /
MUNDRA PORT AND SPECIAL
CHEMICALS 12.61% Other Net Current Assets 2.32%
ECONOMIC ZONE 0.16%
FINANCE 20.70%
CAPITAL GOODS &
20.95%
MAYTAS INFRA 0.12% 100.00%
INFRASTRUCTURE

0% 4% 8% 12% 16% 20% 24% FINANCE 20.21% Assets Held (Rs. Million) 25066.34
HDFC BANK 7.75%
AXIS BANK 7.24%
STATE BANK OF INDIA 2.54%
HDFC 1.38%
PUNJAB NATIONAL BANK 1.31%

CHEMICALS 12.32%
RELIANCE INDUSTRIES 12.14%
TATA CHEMICALS 0.17%

SOFTWARE 8.88%
INFOSYS TECHNOLOGIES 3.66%
SATYAM COMPUTERS 3.47%
WIPRO 0.55%
KPIT CUMMINS INFOSYSTEM 0.45%
TATA CONSULTANCY SERVICES 0.38%
INFOTECH ENTERPRISES 0.28%
HCL INFOSYSTEM 0.10%

TELECOM & MEDIA 7.64%


BHARTI AIRTEL 5.50%
ZEE ENTERTAINMENT ENTERPRISES 1.89%
DISH TV INDIA 0.18%
WIRE AND WIRELESS INDIA 0.07%

METALS 6.54%
STEEL AUTHORITY OF INDIA 1.45%
STERLITE INDUSTRIES (INDIA) 1.42%
ESS DEE ALUMINIUM 1.16%
MAN INDUSTRIES INDIA 0.95%
HINDALCO INDUSTRIES 0.68%
TATA STEEL 0.57%
AIA ENGINEERING 0.17%
JINDAL STAINLESS 0.13%

FMCG 5.86%
ITC 3.05%
DABUR INDIA 1.23%
ICI INDIA 0.93%
HINDUSTAN LEVER 0.49%
PROCTER & GAMBLE HYGIENE &
HEALTH CARE 0.15%

AUTO 5.21%
MAHINDRA & MAHINDRA 3.09%
MARUTI UDYOG 1.05%
HERO HONDA MOTORS 0.81%
TVS MOTOR COMPANY 0.26%

CEMENT & CONGLOMERATES 3.75%


ASSOCIATED CEMENT COMPANIES 1.32%
SHREE CEMENT 1.00%
AMBUJA CEMENTS 0.98%
GRASIM INDUSTRIES 0.45%

OIL & GAS 2.49%


OIL & NATURAL GAS CORPORATION 2.49%

SHIPPING 1.48%
GREAT EASTERN SHIPPING COMPANY 0.75%
ABG SHIPYARD 0.49%
ALLCARGO GLOBAL LOGISTICS 0.25%

POWER 1.47%
RELIANCE ENERGY 1.45%

20
PORTFOLIO DETAILS as on December 31, 2007
Fund Objective: The investment objective of this fund is to provide accumulation of income through investment in various fixed income
CASH PLUS securities. In addition to protecting the capital, the fund seeks to provide capital appreciation while maintaining suitable balance between
return, safety and liquidity.

GOVERNMENT SECURITIES RATING % Net Assets


Rating Profile (as % of Debt) Company % Net Assets Industry Total Company % Net Assets Industry Total
DEBENTURES / BONDS RATING % Net Assets 7.99% GOI 2017 Sovereign 5.61%
HDFC AAA 3.99% 8.33% GOI 2036 Sovereign 5.55%
Corp Bonds - AA & IDFC AAA 3.55% 7.95% GOI 2032 Sovereign 2.53%
eq., 2.96% LIC HOUSING FINANCE AAA 2.88% 8.20% GOI 2022 Sovereign 2.47%
Corp Bonds - AA+ & Corp Bonds - AAA & EXIM BANK AAA 2.86% 8.40% ANDHRA PRADESH GS 2017 Sovereign 0.36%
eq., 7.30% eq., 31.35% IRFC AAA 2.55% 8.39% TAMILNADU GS 2017 Sovereign 0.18%
Short Term Securities - CITIFINANCIAL CONSUMER FINANCE INDIA AAA 2.51%
P1+ and Equivalent, 8.20% GOI (OIL) 2024 Sovereign 0.10%
15.48% POWER FINANCE CORPORATION AAA 2.21% 8.03% GOI FCI 2024 Sovereign 0.00%
NABARD AAA 1.92%
Call / Current Assets, GE MONEY FINANCIAL SERVICES AAA 1.69% Total 16.81%
9.47%
STATE BANK OF INDIA AAA 1.68%
Deposits with Banks 16.63%
CITICORP FINANCE INDIA AAA 1.63%
CITICORP MARUTI FINANCE AAA 1.14% Accrued Interest / Cash / Call /
GE CAPITAL SERVICES AAA 0.95% Money at Short Notice / Loans /
Government Deposits with Banks,
ICICI SECURITIES AAA 0.80% Other Net Current Assets 9.47%
Securities, 16.81% 16.63%
ICICI BANK AAA 0.34%
RABO INDIA FINANCE AAA 0.30% 100.00%
TATA SONS AAA 0.19%
Assets Held (Rs. Million) 1582.73
POWER GRID CORPORATION AAA 0.09%
RELIANCE INDUSTRIES AAA 0.06%
SUNDARAM FINANCE AA+ 2.90%
Sector Allocation (as % of Equity) AXIS BANK AA+ 1.09%
INDIAN HOTELS COMPANY AA+ 1.00%
TML FINANCIAL SERVICES AA+ 0.69%
TATA TEA AA+ 0.54%
> 10 years 10.92%
MAHINDRA & MAHINDRA FINANCE AA+ 0.35%
7- 10 years 13.82% L&T FINANCE AA+ 0.30%
IDBI AA+ 0.21%
5 - 7 years 0.91%
FINOLEX CABLES AA+ 0.12%
1- 5 years 27.78% BAJAJ AUTO FINANCE AA+ 0.07%
ULTRATECH CEMENT AA+ 0.03%
< 1 year 46.57%
COLAMANDALAM DBS FINANCE AA 1.74%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% KOTAK MAHINDRA PRIME AA 0.82%
SHRIRAM TRANSPORT FINANCE COMPANY AA 0.39%
UNION BANK OF INDIA A1+ 5.04%
TATA SONS A1+ 1.48%
IDBI A1+ 0.43%
STANDARD CHARTERED INVEST & LOANS P1+ 2.07%
UNION BANK OF INDIA P1+ 1.67%
KOTAK MAHINDRA BANK P1+ 1.21%
AXIS BANK P1+ 1.21%
CANARA BANK P1+ 0.89%
POWER FINANCE CORPORATION P1+ 0.60%
COLAMANDALAM DBS FINANCE P1+ 0.46%
SUNDARAM FINANCE P1+ 0.16%
CITIBANK P1+ 0.15%
ALLAHABAD BANK P1+ 0.11%

Total 57.09%

21
PORTFOLIO DETAILS as on December 31, 2007
Fund Objective: The investment objective of this Plan is to provide a balanced investment between long-term capital appreciation and
INVEST SHIELD LIFE current income while protecting the capital. Investment will be in fixed income instruments as well as equity in appropriate proportions
depending on market conditions prevalent from time to time.

Rating Profile (as % of Debt) Company % Net Assets Industry Total Company % Net Assets Industry Total

CAPITAL GOODS & INFRASTRUCTURE 7.68% CITIFINANCIAL CONSUMER FINANCE INDIA AAA 1.36%
BHARAT HEAVY ELECTRICALS 2.29% IRFC AAA 1.20%
LARSEN & TOUBRO 2.13% GE MONEY FINANCIAL SERVICES AAA 1.12%
Short Term Securities - Corp Bonds - AA & eq., MADHUCON PROJECTS 0.88%
P1+ and Equivalent, ICICI SECURITIES AAA 0.85%
3.48%
4.54% EMCO 0.83% GE CAPITAL SERVICES AAA 0.77%
Corp Bonds - AAA &
Corp Bonds - AA+ & eq., 34.50% CUMMINS INDIA 0.75% RABO INDIA FINANCE AAA 0.29%
eq., 7.84% KIRLOSKAR BROTHERS 0.40% TATA SONS AAA 0.17%
ABB 0.15% ICICI BANK AAA 0.16%
Call / Current Assets,
MOTHERSON SUMI SYSTEMS 0.10% RELIANCE INDUSTRIES AAA 0.07%
13.21%
MAYTAS INFRA 0.09% POWER GRID CORPORATION AAA 0.07%
BHARAT EARTH MOVERS 0.06% SUNDARAM FINANCE AA+ 2.60%
AXIS BANK AA+ 0.79%
FINANCE 4.88%
TML FINANCIAL SERVICES AA+ 0.54%
AXIS BANK 2.35%
TATA TEA AA+ 0.42%
Government Securities, Deposits with Banks, STATE BANK OF INDIA 1.46%
16.80% 19.62% INDIAN HOTELS COMPANY AA+ 0.34%
HDFC BANK 0.71%
L&T FINANCE AA+ 0.27%
HDFC 0.25%
MAHINDRA & MAHINDRA FINANCE AA+ 0.23%
PUNJAB NATIONAL BANK 0.12%
FINOLEX CABLES AA+ 0.22%
SOFTWARE 3.91% IDBI AA+ 0.18%
INFOSYS TECHNOLOGIES 1.33% BAJAJ AUTO FINANCE AA+ 0.07%
SATYAM COMPUTERS 0.96% COLAMANDALAM DBS FINANCE AA 1.40%
Sector Allocation (as % of Equity)
KPIT CUMMINS INFOSYSTEM 0.75% KOTAK MAHINDRA PRIME AA 0.83%
TATA CONSULTANCY SERVICES 0.41% SHRIRAM TRANSPORT FINANCE COMPANY AA 0.28%
INFOTECH ENTERPRISES 0.38% TATA SONS A1+ 0.42%
OTHERS 0.56%
PATNI COMPUTERS SYSTEM 0.08% IDBI A1+ 0.27%
SHIPPING 2.29%
TELECOM &
AXIS BANK P1+ 0.97%
MEDIA
4.11% CHEMICALS 3.05%
KOTAK MAHINDRA BANK P1+ 0.49%
METALS 4.81% RELIANCE INDUSTRIES 3.05%
COLAMANDALAM DBS FINANCE P1+ 0.38%
POWER 4.85%
FMCG 2.09% UNION BANK OF INDIA P1+ 0.26%
AUTO 6.11%
ICI INDIA 0.65% STANDARD CHARTERED INVEST & LOANS P1+ 0.16%
FMCG 7.46%
NESTLE INDIA 0.52% SUNDARAM FINANCE P1+ 0.12%
CHEMICALS 10.90%
ITC 0.40% CITIBANK P1+ 0.12%
SOFTWARE 13.97%
COLGATE PALMOLIVE (INDIA) 0.29% ALLAHABAD BANK P1+ 0.08%
FINANCE 17.47%
CAPITAL GOODS &
27.46% HINDUSTAN LEVER 0.15%
INFRASTRUCTURE Total 36.29%
PROCTER & GAMBLE HYGIENE &
0% 4% 8% 12% 16% 20% 24% 28% 32%
HEALTH CARE 0.05% GOVERNMENT SECURITIES RATING % Net Assets
DABUR INDIA 0.02%
7.99% GOI 2017 Sovereign 4.03%
AUTO 1.71% 8.33% GOI 2036 Sovereign 4.00%
MAHINDRA & MAHINDRA 1.29% 7.95% GOI 2032 Sovereign 1.82%
OMAX AUTOS 0.26% 8.20% GOI 2022 Sovereign 1.77%
HERO HONDA MOTORS 0.12% 8.40% ANDHRA PRADESH GS 2017 Sovereign 0.27%
TVS MOTOR COMPANY 0.04% 8.39% TAMILNADU GS 2017 Sovereign 0.13%
8.20% GOI (OIL) 2024 Sovereign 0.07%
POWER 1.36%
8.03% GOI FCI 2024 Sovereign 0.01%
VOLTAMP TRANSFORMERS 0.83%
TATA POWER COMPANY 0.52% Total 12.11%

METALS 1.34% Deposits with Banks 14.14%


ESS DEE ALUMINIUM 0.61%
Accrued Interest / Cash / Call /
AIA ENGINEERING 0.50%
Money at Short Notice /
TATA STEEL 0.23%
Other Net Current Assets 9.52%
TELECOM & MEDIA 1.15%
BHARTI AIRTEL 0.87% 100.00%
ZEE ENTERTAINMENT ENTERPRISES 0.27%
Assets Held (Rs. Million) 898.75
CINEMAX INDIA 0.02%

SHIPPING 0.64%
ABG SHIPYARD 0.64%

OTHERS 0.16%
INDIAN HOTELS COMPANY 0.13%
GOKALDAS EXPORTS 0.03%

Total 27.95%

DEBENTURES / BONDS RATING % Net Assets

HDFC AAA 3.55%


CITICORP FINANCE INDIA AAA 3.03%
EXIM BANK AAA 2.32%
LIC HOUSING FINANCE AAA 1.80%
IDFC AAA 1.71%
NABARD AAA 1.69%
POWER FINANCE CORPORATION AAA 1.62%
STATE BANK OF INDIA AAA 1.61%
CITICORP MARUTI FINANCE AAA 1.47%

22
PORTFOLIO DETAILS as on December 31, 2007
Fund Objective: The investment objective of this Plan is to provide a balanced investment between long-term capital appreciation and
INVEST SHIELD PENSION current income while protecting the capital. Investment will be in fixed income instruments as well as equity in appropriate proportions
depending on market conditions prevalent from time to time.

Rating Profile (as % of Debt) Company % Net Assets Industry Total Company % Net Assets Industry Total

CAPITAL GOODS & INFRASTRUCTURE 7.82% IRFC AAA 1.40%


BHARAT HEAVY ELECTRICALS 2.28% CITIFINANCIAL CONSUMER FINANCE INDIA AAA 1.34%
Short Term Securities - Corp Bonds - AA & eq., LARSEN & TOUBRO 2.05% STATE BANK OF INDIA AAA 1.29%
3.56%
P1+ and Equivalent, KIRLOSKAR BROTHERS 1.29% GE MONEY FINANCIAL SERVICES AAA 1.06%
4.31% Corp Bonds - AAA & EMCO 0.90% GE CAPITAL SERVICES AAA 0.84%
Corp Bonds - AA+ & eq., 34.58%
CUMMINS INDIA 0.74% ICICI SECURITIES AAA 0.83%
eq., 7.91%
ABB 0.34% RABO INDIA FINANCE AAA 0.29%
MOTHERSON SUMI SYSTEMS 0.08% TATA SONS AAA 0.17%
Call / Current Assets,
BHARAT EARTH MOVERS 0.07% ICICI BANK AAA 0.16%
12.55%
MADHUCON PROJECTS 0.07% RELIANCE INDUSTRIES AAA 0.09%
POWER GRID CORPORATION AAA 0.07%
FINANCE 5.72%
SUNDARAM FINANCE AA+ 2.93%
Government AXIS BANK 2.26%
Securities, 16.92% AXIS BANK AA+ 0.82%
Deposits with Banks, STATE BANK OF INDIA 1.85%
TML FINANCIAL SERVICES AA+ 0.56%
20.17% HDFC BANK 1.18%
TATA TEA AA+ 0.41%
HDFC 0.27%
INDIAN HOTELS COMPANY AA+ 0.33%
PUNJAB NATIONAL BANK 0.15%
MAHINDRA & MAHINDRA FINANCE AA+ 0.23%
SOFTWARE 2.79% IDBI AA+ 0.21%
KPIT CUMMINS INFOSYSTEM 0.85% L&T FINANCE AA+ 0.16%
IFOSYS TECHNOLOGIES 0.67% BAJAJ AUTO FINANCE AA+ 0.07%
TATA CONSULTANCY SERVICES 0.56% COLAMANDALAM DBS FINANCE AA 1.37%
Sector Allocation (as % of Equity) KOTAK MAHINDRA PRIME AA 0.92%
INFOTECH ENTERPRISES 0.37%
SATYAM COMPUTERS 0.34% SHRIRAM TRANSPORT FINANCE COMPANY AA 0.29%
PATNI COMPUTERS SYSTEM 0.01% IDBI A1+ 0.26%
OIL & GAS 0.01% AXIS BANK P1+ 1.00%
OTHERS 0.81% CHEMICALS 2.55% KOTAK MAHINDRA BANK P1+ 0.47%
SHIPPING 2.44%
TELECOM &
RELIANCE INDUSTRIES 2.55% STANDARD CHARTERED INVEST & LOANS P1+ 0.40%
MEDIA 3.02%
POWER 4.02% COLAMANDALAM DBS FINANCE P1+ 0.38%
FMCG 2.15%
AUTO 6.25% UNION BANK OF INDIA P1+ 0.31%
ITC 0.81%
METALS 7.45% SUNDARAM FINANCE P1+ 0.13%
ICI INDIA 0.76%
FMCG 7.77% CITIBANK P1+ 0.12%
CHEMICALS 9.20%
NESTLE INDIA 0.25%
ALLAHABAD BANK P1+ 0.05%
SOFTWARE 10.09% HINDUSTAN LEVER 0.22%
FINANCE 20.66% PROCTER & GAMBLE HYGIENE & Total 36.43%
CAPITAL GOODS & I
NFRASTRUCTURE 28.27% HEALTH CARE 0.11%
DABUR INDIA 0.00% GOVERNMENT SECURITIES RATING % Net Assets
0% 4% 8% 12% 16% 20% 24% 28% 32%

METALS 2.06% 7.99% GOI 2017 Sovereign 4.07%


AIA ENGINEERING 0.96% 8.33% GOI 2036 Sovereign 4.05%
ESS DEE ALUMINIUM 0.65% 7.95% GOI 2032 Sovereign 1.84%
TATA STEEL 0.45% 8.20% GOI 2022 Sovereign 1.79%
8.40% ANDHRA PRADESH GS 2017 Sovereign 0.27%
AUTO 1.73% 8.39% TAMILNADU GS 2017 Sovereign 0.14%
MAHINDRA & MAHINDRA 1.09% 8.20% GOI (OIL) 2024 Sovereign 0.08%
MARUTI UDYOG 0.35% 8.03% GOI FCI 2024 Sovereign 0.01%
HERO HONDA MOTORS 0.23%
TVS MOTOR COMPANY 0.04% Total 12.24%
OMAX AUTOS 0.02%
Deposits with Banks 14.59%
POWER 1.11%
Accrued Interest / Cash / Call /
TATA POWER COMPANY 0.56%
Money at Short Notice /
VOLTAMP TRANSFORMERS 0.55%
Other Net Current Assets 9.07%
TELECOM & MEDIA 0.84%
BHARTI AIRTEL 0.58%
100.00%
ZEE ENTERTAINMENT ENTERPRISES 0.25%
CINEMAX INDIA 0.00% Assets Held (Rs. Million) 184.04

SHIPPING 0.67%
ABG SHIPYARD 0.67%

OTHERS 0.22%
INDIAN HOTELS COMPANY 0.16%
GOKALDAS EXPORTS 0.06%

OIL & GAS 0.00%


HINDUSTAN PETROLEUM CORPORATION 0.00%

Total 27.67%

DEBENTURES / BONDS RATING % Net Assets

HDFC AAA 3.69%


CITICORP FINANCE INDIA AAA 3.10%
EXIM BANK AAA 2.11%
NABARD AAA 1.87%
POWER FINANCE CORPORATION AAA 1.84%
LIC HOUSING FINANCE AAA 1.79%
CITICORP MARUTI FINANCE AAA 1.65%
IDFC AAA 1.42%

23
PORTFOLIO DETAILS as on December 31, 2007
Fund Objective: To achieve a balance between capital appreciation and stable returns by investing in a mix of equity and equity related
FLEXI BALANCED instruments of large, mid and small cap companies and debt and debt related instruments

Rating Profile (as % of Debt) Company % Net Assets Industry Total Company % Net Assets Industry Total

CAPITAL GOODS & INFRASTRUCTURE 16.14% AUTO 1.34%


BHARAT HEAVY ELECTRICALS 3.85% MAHINDRA & MAHINDRA 0.68%
LARSEN & TOUBRO 3.16% OMAX AUTOS 0.35%
Corp Bonds - AA & eq., ABB 0.94% MARUTI UDYOG 0.31%
1.38%
Corp Bonds - AAA & FAG BEARINGS INDIA 0.89%
PHARMACEUTICALS 0.81%
Call / Current Assets, eq., 30.61% IVRCL INFRASTRUCTURES & PROJECTS 0.84%
RANBAXY LABORATORIES 0.40%
22.51% MOTHERSON SUMI SYSTEMS 0.77%
SUN PHARMACEUTICAL INDUSTRIES 0.38%
KIRLOSKAR BROTHERS 0.75%
SUN PHARMA ADVANCE
VOLTAS 0.73%
RESEARCH COMPANY 0.02%
Short Term Securities - LAKSHMI MACHINE WORKS 0.68%
ADVANTA INDIA 0.02%
P1+ and Equivalent, PUNJ LLOYD 0.62%
12.89% CUMMINS INDIA 0.62% IT 0.77%
EMCO 0.59% FIRSTSOURCE SOLUTIONS 0.77%

Corp Bonds - AA+ & Deposits with Banks, NAGARJUNA CONSTRUCTION COMPANY 0.56% CEMENT & CONGLOMERATES 0.63%
eq., 5.82% Government 10.03% NRB BEARINGS 0.51% ASSOCIATED CEMENT COMPANIES 0.33%
Securities, 16.76% BHARAT EARTH MOVERS 0.25% AMBUJA CEMENTS 0.22%
CONSOLIDATED CONSTRUCTION SHREE CEMENT 0.08%
CONSORTIUM 0.23%
OTHERS 0.28%
GRINDWELL NORTON 0.07%
INDIAN HOTELS COMPANY 0.19%
ELECON ENGINEERING 0.04%
KPR MILLS 0.09%
MAYTAS INFRA 0.03%
Total 59.02%
FINANCE 7.92%
AXIS BANK 2.78% DEBENTURES / BONDS RATING % Net Assets
Sector Allocation (as % of Equity) HDFC BANK 1.76%
IDFC AAA 1.91%
HDFC 1.16%
EXIM BANK AAA 1.63%
STATE BANK OF INDIA 1.08%
GE MONEY FINANCIAL SERVICES AAA 1.55%
OTHERS 0.43% PUNJAB NATIONAL BANK 0.60%
LIC HOUSING FINANCE AAA 1.22%
PHARMACEUTICALS 1.35% HOUSING DEVELOPMENT AND
HDFC AAA 1.17%
AUTO 2.35% INFRASTRUCTURE 0.54%
CEMENT &
NABARD AAA 1.05%
3.06%
CONGLOMERATES SOFTWARE 5.29% IRFC AAA 0.98%
SHIPPING 3.91%
MPHASIS 1.30% STATE BANK OF INDIA AAA 0.75%
TELECOM & MEDIA 3.96%
SATYAM COMPUTERS 1.29% CITIFINANCIAL CONSUMER FINANCE INDIA AAA 0.62%
OIL & GAS 4.01% POWER FINANCE CORPORATION AAA 0.54%
INFOSYS TECHNOLOGIES 0.97%
POWER 5.21% ICICI SECURITIES AAA 0.48%
TATA ELXSI 0.51%
METALS 6.24% GE CAPITAL SERVICES AAA 0.28%
INFOTECH ENTERPRISES 0.45%
CHEMICALS 8.27% ICICI BANK AAA 0.16%
TATA CONSULTANCY SERVICES 0.36%
FMCG 9.39% CITICORP FINANCE INDIA AAA 0.09%
AZTEC SOFTWARE &
SOFTWARE 10.20% CITICORP MARUTI FINANCE AAA 0.06%
TECHNOLOGY SERVICES 0.25%
FINANCE 13.96% KPIT CUMMINS INFOSYSTEM 0.13% TATA SONS AAA 0.03%
CAPITAL GOODS &
INFRASTRUCTURE
27.66% TAKE SOLUTION 0.04% POWER GRID CORPORATION AAA 0.01%
0% 4% 8% 12% 16% 20% 24% 28% 32% SUNDARAM FINANCE AA+ 0.86%
FMCG 5.52%
INDIAN HOTELS COMPANY AA+ 0.48%
NESTLE INDIA 2.69%
AXIS BANK AA+ 0.34%
ITC 1.11%
TML FINANCIAL SERVICES AA+ 0.33%
KANSAI NEROLAC PAINTS 0.72%
TATA TEA AA+ 0.22%
ICI INDIA 0.49%
MAHINDRA & MAHINDRA FINANCE AA+ 0.13%
GLAXOSMITHKLINE CONSUMER HEALTHCARE 0.35%
IDBI AA+ 0.02%
JYOTHY LABORATORIES LIMITED 0.09%
SHRIRAM TRANSPORT FINANCE COMPANY AA 0.32%
DABUR INDIA 0.08%
COLAMANDALAM DBS FINANCE AA 0.24%
CHEMICALS 4.55% TATA SONS A1+ 0.77%
RELIANCE INDUSTRIES 4.48% UNION BANK OF INDIA A1+ 0.54%
TATA CHEMICALS 0.07% ABN AMRO BANK A1+ 0.49%
METALS 4.07% YES BANK A1+ 0.28%
TATA STEEL 0.86% IDBI A1+ 0.18%
MONNET ISPAT & ENERGY 0.86% IDFC A1+ 0.14%
MAN INDUSTRIES INDIA 0.54% COLAMANDALAM DBS FINANCE P1+ 0.51%
JSW STEEL 0.41% KOTAK MAHINDRA BANK P1+ 0.45%
AIA ENGINEERING 0.34% UNION BANK OF INDIA P1+ 0.41%
STERLITE INDUSTRIES (INDIA) 0.32% AXIS BANK P1+ 0.36%
STEEL AUTHORITY OF INDIA 0.31% ALLAHABAD BANK P1+ 0.33%
ESS DEE ALUMINIUM 0.29% CANARA BANK P1+ 0.31%
JINDAL STAINLESS 0.14% POWER FINANCE CORPORATION P1+ 0.26%
STANDARD CHARTERED INVEST & LOANS P1+ 0.14%
OIL & GAS 3.67%
CITIBANK P1+ 0.08%
GAIL (INDIA) 2.13%
SUNDARAM FINANCE P1+ 0.03%
OIL & NATURAL GAS CORPORATION 0.87%
HINDUSTAN PETROLEUM CORPORATION 0.37% Total 20.78%
BHARAT PETROLEUM CORPORATION 0.29% GOVERNMENT SECURITIES RATING % Net Assets
POWER 3.39% 7.99% GOI 2017 Sovereign 2.29%
TATA POWER COMPANY 1.21% 8.33% GOI 2036 Sovereign 2.26%
RELIANCE ENERGY 1.15% 7.95% GOI 2032 Sovereign 1.05%
VOLTAMP TRANSFORMERS 0.70% 8.20% GOI 2022 Sovereign 1.00%
KALPATARU POWER TRANSMISSION 0.28% 8.40% ANDHRA PRADESH GS 2017 Sovereign 0.15%
GVK POWER & INFRASTRUCTURE 0.03% 8.39% TAMILNADU GS 2017 Sovereign 0.07%
TRANSFORMERS AND RECTIFIERS 8.20% GOI (OIL) 2024 Sovereign 0.04%
(INDIA) LIMITED 0.01% 8.03% GOI FCI 2024 Sovereign 0.00%
BGR ENERGY SYSTEM LTD. 0.01%
Total 6.87%
TELECOM & MEDIA 2.35%
Deposits with Banks 4.11%
BHARTI AIRTEL 1.39%
ZEE ENTERTAINMENT ENTERPRISES 0.84% Accrued Interest / Cash / Call /
CINEMAX INDIA 0.12% Money at Short Notice /
Other Net Current Assets 9.22%
SHIPPING 2.28%
GREAT EASTERN SHIPPING COMPANY 1.16% 100.00%
REDINGTON INDIA 0.69%
Assets Held (Rs. Million) 1,049.95
ABG SHIPYARD 0.43%

24
PORTFOLIO DETAILS as on December 31, 2007
FLEXI GROWTH Fund Objective: To generate superior long-term returns from a diversified portfolio of equity and equity related instruments of large, mid
and small cap companies

Sector Allocation (as % of Equity) Company % Net Assets Industry Total Company % Net Assets Industry Total

CAPITAL GOODS & INFRASTRUCTURE 29.05% VOLTAMP TRANSFORMERS 0.76%


CEMENT &
0.31% BHARAT HEAVY ELECTRICALS 5.53% KALPATARU POWER TRANSMISSION 0.22%
CONGLOMERATES
OTHERS 0.42% LARSEN & TOUBRO 5.09% BGR ENERGY SYSTEM LTD. 0.04%
PHARMACEUTICALS 1.46% PUNJ LLOYD 2.45% TRANSFORMERS AND
AUTO 3.18%
FAG BEARINGS INDIA 1.88% RECTIFIERS (INDIA) LIMITED 0.03%
SHIPPING 3.50%
IVRCL INFRASTRUCTURES & PROJECTS 1.75%
TELECOM & MEDIA 3.72%
NAGARJUNA CONSTRUCTION COMPANY 1.70% TELECOM & MEDIA 3.44%
POWER 4.60%
OIL & GAS 5.46% LAKSHMI MACHINE WORKS 1.52% BHARTI AIRTEL 1.77%
SOFTWARE 6.42% ABB 1.46% ZEE ENTERTAINMENT ENTERPRISES 0.93%
METALS 6.76% VOLTAS 1.27% CINEMAX INDIA 0.75%
FMCG 8.60%
CUMMINS INDIA 1.15%
CHEMICALS 10.64% SHIPPING 3.23%
CONSOLIDATED CONSTRUCTION
FINANCE 13.47% GREAT EASTERN SHIPPING COMPANY 1.67%
CAPITAL GOODS &
31.45% CONSORTIUM 0.98%
INFRASTRUCTURE REDINGTON INDIA 0.99%
EMCO 0.77%
0% 4% 8% 12% 16% 20% 24% 28% 32% 36% ABG SHIPYARD 0.58%
MOTHERSON SUMI SYSTEMS 0.71%
KIRLOSKAR BROTHERS 0.63% AUTO 2.94%
MAYTAS INFRA 0.56% MARUTI UDYOG 1.75%
ELECON ENGINEERING 0.51% MAHINDRA & MAHINDRA 0.92%
NRB BEARINGS 0.50% OMAX AUTOS 0.27%
BHARAT EARTH MOVERS 0.29%
PHARMACEUTICALS 1.35%
GRINDWELL NORTON 0.18%
SUN PHARMACEUTICAL INDUSTRIES 0.58%
MUNDRA PORT AND SPECIAL
RANBAXY LABORATORIES 0.54%
ECONOMIC ZONE 0.14%
ADVANTA INDIA 0.20%
FINANCE 12.45% SUN PHARMA ADVANCE RESEARCH
AXIS BANK 4.18% COMPANY 0.03%
HDFC BANK 3.25%
IT 0.57%
STATE BANK OF INDIA 2.18%
FIRSTSOURCE SOLUTIONS 0.57%
HDFC 1.40%
PUNJAB NATIONAL BANK 0.73% OTHERS 0.39%
HOUSING DEVELOPMENT AND INDIAN HOTELS COMPANY 0.27%
INFRASTRUCTURE 0.71% KPR MILLS 0.12%

CHEMICALS 9.83% CEMENT & CONGLOMERATES 0.29%


RELIANCE INDUSTRIES 8.77% SHREE CEMENT 0.29%
TATA CHEMICALS 1.06%
Total 92.94%
FMCG 7.95%
JYOTHY LABORATORIES LIMITED 1.82% DEBENTURES / BONDS RATING % Net Assets
KANSAI NEROLAC PAINTS 1.72%
IDFC AAA 0.24%
ITC 1.34%
CITIFINANCIAL CONSUMER FINANCE INDIA AAA 0.15%
GLAXOSMITHKLINE CONSUMER
NABARD AAA 0.05%
HEALTHCARE 0.87%
KOTAK MAHINDRA PRIME AA 0.19%
NESTLE INDIA 0.82%
UNION BANK OF INDIA A1+ 0.17%
ICI INDIA 0.74%
IDBI A1+ 0.07%
DABUR INDIA 0.64%
ALLAHABAD BANK P1+ 0.12%
METALS 6.25% COLAMANDALAM DBS FINANCE P1+ 0.06%
MONNET ISPAT & ENERGY 1.34%
Total 1.05%
TATA STEEL 1.19%
STEEL AUTHORITY OF INDIA 0.96% Accrued Interest / Cash / Call /
STERLITE INDUSTRIES (INDIA) 0.77% Money at Short Notice /
JSW STEEL 0.61% Other Net Current Assets 6.01%
MAN INDUSTRIES INDIA 0.52%
AIA ENGINEERING 0.40% 100.00%
ESS DEE ALUMINIUM 0.28%
Assets Held (Rs. Million) 27,263.92
JINDAL STAINLESS 0.18%

SOFTWARE 5.93%
SATYAM COMPUTERS 1.84%
INFOSYS TECHNOLOGIES 1.13%
MPHASIS 0.69%
INFOTECH ENTERPRISES 0.61%
TATA CONSULTANCY SERVICES 0.59%
TATA ELXSI 0.41%
AZTEC SOFTWARE &
TECHNOLOGY SERVICES 0.31%
KPIT CUMMINS INFOSYSTEM 0.30%
TAKE SOLUTION 0.05%

OIL & GAS 5.05%


GAIL (INDIA) 2.23%
OIL & NATURAL GAS CORPORATION 1.83%
HINDUSTAN PETROLEUM CORPORATION 0.69%
BHARAT PETROLEUM CORPORATION 0.29%

POWER 4.25%
TATA POWER COMPANY 1.62%
RELIANCE ENERGY 1.58%

25
PORTFOLIO DETAILS as on December 31, 2007
Fund Objective: To achieve a balance between capital appreciation and stable returns by investing in a mix of equity and equity
PENSION FLEXI BALANCED related instruments of large, mid and small cap companies and debt and debt related instruments.

Rating Profile (as % of Debt) Company % Net Assets Industry Total Company % Net Assets Industry Total

CAPITAL GOODS & INFRASTRUCTURE 18.17% ZEE ENTERTAINMENT ENTERPRISES 0.57%


BHARAT HEAVY ELECTRICALS 3.44% CINEMAX INDIA 0.28%
LARSEN & TOUBRO 3.14% IT 0.86%
CUMMINS INDIA 1.28% FIRSTSOURCE SOLUTIONS 0.86%
Corp Bonds - AA+
MOTHERSON SUMI SYSTEMS 1.08%
& eq., 4.13% AUTO 0.83%
Corp Bonds - AA & FAG BEARINGS INDIA 1.04%
Deposits with eq., 0.95% MAHINDRA & MAHINDRA 0.34%
VOLTAS 0.92%
Banks, 8.01% MARUTI UDYOG 0.28%
Call / Current ELECON ENGINEERING 0.92%
Short Term OMAX AUTOS 0.22%
Assets, 33.08% PUNJ LLOYD 0.90%
Securities - P1+
ABB 0.87% PHARMACEUTICALS 0.68%
and Equivalent,
10.97% IVRCL INFRASTRUCTURES & PROJECTS 0.79% SUN PHARMACEUTICAL INDUSTRIES 0.33%
MAYTAS INFRA 0.73% RANBAXY LABORATORIES 0.32%
KIRLOSKAR BROTHERS 0.65% SUN PHARMA ADVANCE
LAKSHMI MACHINE WORKS 0.58% RESEARCH COMPANY 0.02%
CONSOLIDATED CONSTRUCTION ADVANTA INDIA 0.01%
CONSORTIUM 0.50% CEMENT & CONGLOMERATES 0.55%
Government EMCO 0.47% ASSOCIATED CEMENT COMPANIES 0.29%
Securities, 15.39%
NAGARJUNA CONSTRUCTION COMPANY 0.44% AMBUJA CEMENTS 0.19%
Corp Bonds - AAA &
BHARAT EARTH MOVERS 0.28% SHREE CEMENT 0.08%
eq., 27.48%
MUNDRA PORT AND SPECIAL OTHERS 0.11%
ECONOMIC ZONE 0.08% INDIAN HOTELS COMPANY 0.11%
GRINDWELL NORTON 0.03%
Total 56.89%
NRB BEARINGS 0.00%
DEBENTURES / BONDS RATING % Net Assets
Sector Allocation (as % of Equity) METALS 6.40%
MAN INDUSTRIES INDIA 2.32% EXIM BANK AAA 2.16%
TATA STEEL 1.19% IDFC AAA 1.70%
OTHERS 0.19% STEEL AUTHORITY OF INDIA 0.84% GE MONEY FINANCIAL SERVICES AAA 1.38%
CEMENT &
CONGLOMERATES
0.97% MONNET ISPAT & ENERGY 0.66% HDFC AAA 1.07%
PHARMACEUTICALS 1.19% JSW STEEL 0.39% IRFC AAA 0.99%
AUTO 1.46% STERLITE INDUSTRIES (INDIA) 0.36% LIC HOUSING FINANCE AAA 0.95%
IT 1.51% NABARD AAA 0.86%
ESS DEE ALUMINIUM 0.29%
TELECOM & MEDIA 3.28%
AIA ENGINEERING 0.27% STATE BANK OF INDIA AAA 0.58%
SHIPPING 3.86%
JINDAL STAINLESS 0.09% ICICI SECURITIES AAA 0.56%
SOFTWARE 4.96%
5.18% CITIFINANCIAL CONSUMER FINANCE INDIA AAA 0.53%
OIL & GAS FINANCE 6.05%
FMCG 6.12% POWER FINANCE CORPORATION AAA 0.48%
AXIS BANK 2.24%
CHEMICALS 7.82% GE CAPITAL SERVICES AAA 0.22%
STATE BANK OF INDIA 1.20%
POWER 9.64% ICICI BANK AAA 0.15%
HDFC BANK 0.99%
FINANCE 10.63% CITICORP FINANCE INDIA AAA 0.11%
HDFC 0.89%
METALS 11.25% CITICORP MARUTI FINANCE AAA 0.05%
CAPITAL GOODS &
31.93% HOUSING DEVELOPMENT AND
INFRASTRUCTURE TATA SONS AAA 0.03%
INFRASTRUCTURE 0.44%
0% 4% 8% 12% 16% 20% 24% 28% 32% 36% POWER GRID CORPORATION AAA 0.01%
PUNJAB NATIONAL BANK 0.29%
SUNDARAM FINANCE AA+ 0.65%
POWER 5.49% AXIS BANK AA+ 0.34%
TATA POWER COMPANY 2.49% TML FINANCIAL SERVICES AA+ 0.24%
RELIANCE ENERGY 1.88% INDIAN HOTELS COMPANY AA+ 0.22%
VOLTAMP TRANSFORMERS 0.73% TATA TEA AA+ 0.21%
KALPATARU POWER TRANSMISSION 0.18% MAHINDRA & MAHINDRA FINANCE AA+ 0.11%
GVK POWER & INFRASTRUCTURE 0.17% IDBI AA+ 0.02%
TRANSFORMERS AND SHRIRAM TRANSPORT FINANCE COMPANY AA 0.30%
RECTIFIERS (INDIA) LIMITED 0.02% COLAMANDALAM DBS FINANCE AA 0.11%
BGR ENERGY SYSTEM LTD. 0.02% IDBI A1+ 0.76%
CHEMICALS 4.45% ABN AMRO BANK A1+ 0.41%
RELIANCE INDUSTRIES 4.23% TATA SONS A1+ 0.26%
TATA CHEMICALS 0.21% YES BANK A1+ 0.22%
FMCG 3.48% IDFC A1+ 0.13%
ICI INDIA 0.72% UNION BANK OF INDIA A1+ 0.11%
ITC 0.69% POWER FINANCE CORPORATION P1+ 0.60%
JYOTHY LABORATORIES LIMITED 0.66% UNION BANK OF INDIA P1+ 0.44%
KANSAI NEROLAC PAINTS 0.58% COLAMANDALAM DBS FINANCE P1+ 0.43%
DABUR INDIA 0.34% AXIS BANK P1+ 0.36%
NESTLE INDIA 0.32% KOTAK MAHINDRA BANK P1+ 0.34%
GLAXOSMITHKLINE CONSUMER CANARA BANK P1+ 0.31%
HEALTHCARE 0.18% STANDARD CHARTERED INVEST & LOANS P1+ 0.17%
ALLAHABAD BANK P1+ 0.13%
OIL & GAS 2.95%
CITIBANK P1+ 0.04%
GAIL (INDIA) 1.67%
SUNDARAM FINANCE P1+ 0.02
OIL & NATURAL GAS CORPORATION 1.13%
HINDUSTAN PETROLEUM CORPORATION 0.08% Total 18.76%
BHARAT PETROLEUM CORPORATION 0.07% GOVERNMENT SECURITIES RATING % Net Asset
SOFTWARE 2.82% 8.33% GOI 2036 Sovereign 2.42%
SATYAM COMPUTERS 0.63% 7.99% GOI 2017 Sovereign 2.00%
MPHASIS 0.59% 7.95% GOI 2032 Sovereign 1.03%
INFOSYS TECHNOLOGIES 0.56% 8.20% GOI 2022 Sovereign 0.94%
TATA CONSULTANCY SERVICES 0.32% 8.40% ANDHRA PRADESH GS 2017 Sovereign 0.13%
TATA ELXSI 0.26% 8.39% TAMILNADU GS 2017 Sovereign 0.06%
INFOTECH ENTERPRISES 0.24% 8.20% GOI (OIL) 2024 Sovereign 0.04%
AZTEC SOFTWARE & Total 6.63%
TECHNOLOGY SERVICES 0.16%
Deposits with Banks 3.45%
KPIT CUMMINS INFOSYSTEM 0.08%
Accrued Interest / Cash / Call /
SHIPPING 2.19%
Money at Short Notice /
GREAT EASTERN SHIPPING COMPANY 0.97%
Other Net Current Assets 14.26%
REDINGTON INDIA 0.60%
ABG SHIPYARD 0.31% 100.00%
GARWARE OFFSHORE SERVICES 0.31% Assets Held (Rs. Million) 454.82
TELECOM & MEDIA 1.87%
BHARTI AIRTEL 1.02%

26
PORTFOLIO DETAILS as on December 31, 2007
Fund Objective: To generate superior long-term returns from a diversified portfolio of equity and equity related instruments of large, mid
PENSION FLEXI GROWTH and small cap companies.

Sector Allocation (as % of Equity) Company % Net Assets Industry Total Company % Net Assets Industry Total

CAPITAL GOODS & INFRASTRUCTURE 27.51% TATA POWER COMPANY 1.50%


OTHERS 0.20% BHARAT HEAVY ELECTRICALS 5.68% RELIANCE ENERGY 1.42%
CEMENT &
CONGLOMERATES 0.22% LARSEN & TOUBRO 4.76%
PHARMACEUTICALS 1.49%
VOLTAMP TRANSFORMERS 0.60%
it 1.65% CONSOLIDATED CONSTRUCTION KALPATARU POWER TRANSMISSION 0.26%
AUTO 2.91% CONSORTIUM 2.15% GVK POWER & INFRASTRUCTURE 0.23%
SHIPPING 3.40%
LAKSHMI MACHINE WORKS 1.89% TRANSFORMERS AND RECTIFIERS
TELECOM & MEDIA 3.70%
POWER 5.01% CUMMINS INDIA 1.87% (INDIA) LIMITED 0.10%
OIL & GAS 5.55% IVRCL INFRASTRUCTURES & PROJECTS 1.60% BGR ENERGY SYSTEM LTD. 0.06%
SOFTWARE 6.66%
PUNJ LLOYD 1.60%
METALS 7.49%
FAG BEARINGS INDIA 1.57% TELECOM & MEDIA 3.07%
FMCG 8.25%
CHEMICALS 9.31% ABB 1.42% BHARTI AIRTEL 1.48%
FINANCE 11.05% ZEE ENTERTAINMENT ENTERPRISES 0.93%
CAPITAL GOODS & MOTHERSON SUMI SYSTEMS 0.83%
INFRASTRUCTURE 33.11%
EMCO 0.71% CINEMAX INDIA 0.66%
0% 4% 8% 12% 16% 20% 24% 28% 32% 36%
ELECON ENGINEERING 0.71%
SHIPPING 2.83%
NAGARJUNA CONSTRUCTION COMPANY 0.70%
GREAT EASTERN SHIPPING COMPANY 1.48%
VOLTAS 0.65%
ABG SHIPYARD 0.64%
KIRLOSKAR BROTHERS 0.64%
GARWARE OFFSHORE SERVICES 0.36%
BHARAT EARTH MOVERS 0.31%
REDINGTON INDIA 0.35%
MAYTAS INFRA 0.14%
MUNDRA PORT AND SPECIAL AUTO 2.42%
ECONOMIC ZONE 0.11% MARUTI UDYOG 1.48%
NRB BEARINGS 0.07% MAHINDRA & MAHINDRA 0.73%
GRINDWELL NORTON 0.05% OMAX AUTOS 0.20%
SIMPLEX PROJECTS 0.04%
IT 1.37%
FINANCE 9.18% FIRSTSOURCE SOLUTIONS 1.37%
AXIS BANK 3.42%
PHARMACEUTICALS 1.24%
STATE BANK OF INDIA 1.75%
SUN PHARMACEUTICAL INDUSTRIES 0.60%
HDFC 1.42%
RANBAXY LABORATORIES 0.45%
HDFC BANK 1.38%
ADVANTA INDIA 0.14%
HOUSING DEVELOPMENT AND
SUN PHARMA ADVANCE
INFRASTRUCTURE 0.70%
RESEARCH COMPANY 0.04%
PUNJAB NATIONAL BANK 0.52%
CEMENT & CONGLOMERATES 0.18%
CHEMICALS 7.74%
SHREE CEMENT 0.18%
RELIANCE INDUSTRIES 7.32%
AMBUJA CEMENTS 0.00%
TATA CHEMICALS 0.42%
OTHERS 0.17%
FMCG 6.86%
INDIAN HOTELS COMPANY 0.17%
JYOTHY LABORATORIES LIMITED 1.62%
KANSAI NEROLAC PAINTS 1.36% Total 83.09%
ITC 1.14%
NESTLE INDIA 1.13% DEBENTURES / BONDS RATING % Net Assets
ICI INDIA 0.93%
CITICORP MARUTI FINANCE AAA 0.31%
DABUR INDIA 0.39%
MAHINDRA & MAHINDRA FINANCE AA+ 0.21%
GLAXOSMITHKLINE CONSUMER
IDBI A1+ 0.22%
HEALTHCARE 0.29%
COLGATE PALMOLIVE (INDIA) 0.01% Total 0.74%

METALS 6.22% Accrued Interest / Cash / Call /


STERLITE INDUSTRIES (INDIA) 1.36% Money at Short Notice /
TATA STEEL 1.18% Other Net Current Assets 16.17%
MONNET ISPAT & ENERGY 1.04%
STEEL AUTHORITY OF INDIA 0.84% 100.00%
JSW STEEL 0.59%
Assets Held (Rs. Million) 13,416.34
ESS DEE ALUMINIUM 0.41%
AIA ENGINEERING 0.37%
MAN INDUSTRIES INDIA 0.32%
JINDAL STAINLESS 0.10%

SOFTWARE 5.53%
SATYAM COMPUTERS 1.61%
INFOSYS TECHNOLOGIES 1.25%
MPHASIS 0.78%
TATA CONSULTANCY SERVICES 0.62%
INFOTECH ENTERPRISES 0.45%
TATA ELXSI 0.35%
AZTEC SOFTWARE &
TECHNOLOGY SERVICES 0.26%
KPIT CUMMINS INFOSYSTEM 0.18%
TAKE SOLUTION 0.04%

OIL & GAS 4.61%


GAIL (INDIA) 2.26%
OIL & NATURAL GAS CORPORATION 1.82%
HINDUSTAN PETROLEUM CORPORATION 0.45%
BHARAT PETROLEUM CORPORATION 0.09%

POWER 4.16%

27
CONTACT US Choose to contact us for information and clarifications in any of the following ways:

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www.iciciprulife.com Customer Service Helpline 022-67100803/67100805 Communication Address lifeline@iciciprulife.com

Customer Service Helpline

Call Center Timings: 9.00 A.M. to 9.00 P.M., Monday to Saturday (excluding national holidays)
Location Number Location Number
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For other cities, kindly call our Customer Service


Toll Free Number on 1800-22-2020 from your MTNL or BSNL line

Registered Office: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025
Communication Address: ICICI Prudential Life Insurance Company Ltd., Vinod Silk Mills Compound, Chakravarthy Ashok Nagar,
Ashok Road, Kandivali (E), Mumbai 400101

This document ('report') is for general information purposes only and may not apply to everyone. All information/ opinions / comments mentioned herein are subject to change without notice. The Company
(ICICI Prudential Life Insurance Company Limited) does not represent/warrant its accuracy, completeness and correctness. The report should not be relied upon in making decisions, and professional advice
should be obtained for your specific situation. The Company is not liable to update the above report - in full or part. The Company does not take any responsibility for losses or damages incurred due to actions
taken on the basis of this report. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company.
Unlike traditional products, Unit Linked Insurance Products are subject to market risks which affect the Net Asset Values. The customer shall be responsible for his/her decision. The name of the Company,
Product Names or fund options does not indicate their quality or future guidance on returns. Tax benefits are as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time.
The NAV is dependent on the performance of the market and may go up or down on the basis of the performance of the investments in the market. Investments are subject to market risks. Past performance is
not indicative of future results. Insurance is the subject matter of the solicitation.(c) 2007 ICICI Prudential Life Insurance Company Limited.