N o v e m b e r

(1)

N o v e m b e r

2 0 0 9

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

Additional Information / Scheme Information Document carefully before investing.

Call 1-800-270-7000 (toll-free) | Visit www.birlasunlife.com

sms GAIN to 56161

4 fund houses were eligible out of a universe of 26. Period: 4 quarterly CPRs in 2007.

3 fund houses were eligible out of a universe of 27. Period: 4 quarterly CPRs in 2008.

For award methodology and further details refer page 49.

Past performance is no guarantee of future results.

Ranked by Lipper for 13 year performance

• Ranked No.1 equity fund in the world for its13 year performance

by Lipper - a global mutual fund rating and analysis agency

• Helps you save taxes and create wealth

World’s

Best Performing

Equity Fund

Birla Sun Life

Tax Relief ‘96

An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years

Ranked no.1 out of 3006 schemes in Equity funds category as per Lipper global fund data.

Ranking based on annualised return for 13 yr period from 30 Sept 96 to 30 Sept 09.

Data Source: Lipper,a Thomson Reuters Co. (www.lipperweb.com).

Past performance is no guarantee of future results.

For Lipper World Ranks for 1yr, 5yrs, 10 yrs & 13 yrs Time Periods ended Sept '09

and Lipper Ranking Methodology and Disclaimer refer page no.49

(2)

N o v e m b e r 2 0 0 9

Asset Allocation Guide

Asset Allocation guide:

How it works?

“Aggressive”

This Asset Allocation guide helps you decide your broad

allocation to equities at different market levels. The

adjustment as per the recommended asset allocation may be

done on a six monthly basis or whenever you review your

portfolio.

Lets see how it will help you in your wealth creation goals with

the help of an illustration below.

Assuming you are an

investor lets see how the

allocation guide will work

Recommended Equity Asset Allocation at different market conditions for different types of investors

Aggressive

Moderate

Conservative

Expensive

50%-60%

30%-40%

0-10%

Fair

60%-70%

40%-50%

10%-20%

Discounted

70%-80%

50%-60%

20%-30%

Asset Allocation Guide

The graph plots month end values of BSE Sensex since March 1991. The Fair price boundaries have been decided by taking P/E of 10.5 & 18.5 as the lower & upper boundaries times the 1 year forward earnings of the Sensex. The values above the fair band has been assumed to be expensive & below the fair band has been assumed to be discounted. This is just a suggested band as per forward earnings estimate and should not be construed as a recommendation to buy or sell securities.

Start

6 months

12 months

18 months

%

Value in Rs

Actual Allocation %

Value in Rs

Actual Allocation %

Value in Rs

Equity

60%

60,000

65%

77400

75%

150444

Debt

40%

40,000

35%

42000

25%

50148

Total Wealth

100,000

119,400

200,592

Fair Market

After 6 Months market goes

up but still in Fair range

Action

Value in Rs

Recommended allocation%

60%

71640

40%

47760

119,400

Bring back allocation as per

the suggested grid

After 12 Months market

up to Expensive zone

goes

Actual Allocation %

Value in Rs

35%

57169

65%

105311

162,480

After 18 Months market

lands in Discounted zone

Action

Value in Rs

70%

113736

30%

48744

162,480

Increase allocation to

per thesuggested grid

Equity as

Action

Value in Rs

50%

100296

50%

100296

200,592

Reduce allocation to Equity

as per the suggested grid

Thus, we see that the asset allocation guide helps you

• Observe discipline in your asset allocation by periodic readjustment as per the suggested grid

• Buy low and book profits at high levels by increasing /decreasing exposure at different market conditions.

The above example is to only demonstrate the working of the mentioned investment strategy. The above strategy actions are not based on any judgments of the future return of the debt and equity markets / sectors or of any

individual security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy.

Any information contained above does not constitute and shall be deemed not to constitute an advice, an offer to sell/purchase or as an invitation to do so for any securities of any entity, and further Birla Sun Life Asset

Management Company Ltd.(BSLAMC) / its subsidiaries/affiliates/sponsors/trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss

arising from the use or access of any information that may be displayed herein. Recipients of the information contained herein should exercise due care and caution and read the offer documents (including if necessary,

obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. Opinions expressed are not necessarily

those of BSLAMC or any of their officers, employees, personnel, directors and BSLAMC . and its officers, employees, personnel, directors do not accept responsibility for the same. BSLAMC or any of its officers, employees,

personnel, directors make no representation as to the accuracy, completeness or reliability of the content and hereby disclaim any liability with regard to the same.

2

Mar-91 Sep-91 Mar-92 Sep-92 Mar-93 Sep-93 Mar-94 Sep-94 Mar-95 Sep-95 Mar-96 Sep-96 Mar-97 Sep-97 Mar-98 Sep-98 Mar-99 Sep-99 Mar-00 Sep-00 Mar-01 Sep-01 Mar-02 Sep-02 Mar-03 Sep-03 Mar-04 Sep-04 Mar-05 Sep-05 Mar-06 Sep-06 Mar-07 Sep-07 Mar-08 Sep-08 Mar-09 Fair 0 5000 10000 15000 20000 25000 Expensive Discounted Oct-09

(3)

Our Coverage

N o v e m b e r 2 0 0 9

Dalal Street

Date - October 11, 2009

The Telegraph

Date - October 12, 2009

The Economic Times

Date - October 24, 2009

Navbharat

(4)

Outlook

N o v e m b e r 2 0 0 9

Media, Auto, Pharma, Banking and FMCG delivered significant positive surprises

relative to consensus expectations. On the other hand, Infrastructure, Oil & Gas

and metals were relative dampeners.

The FII flows continued the ongoing trend with net purchases of Rs. 9077 Crs

during October'09 in contrast with outflows of Rs. 13,461 Crs in same month last

year. The twelve month running total of net inflows has risen to Rs. 71,426 Crs

which is very close to the all time high for this series at Rs. 79,123 Crs. At the

current rate it is only a matter of time when we cross ahead of that benchmark.

The RBI' Second Quarterly Review of Monetary Policy acknowledged the strong

recovery in Industrial growth and highlighted that services and consumer

spending is still in recovery mode as lead indicators have picked up. It noted that

poor kharif crop may affect the GDP growth. Although the central bank maintained

a pro-growth policy stance it stated that it would be ready act swiftly to tame in

inflationary developments.

The Indian equity markets witnessed some correction last month with the

benchmark indices – the Sensex and the Nifty - giving up 7.2% and 7.3%

respectively. The sectors that bore the brunt of investors' apathy included Real

Estate, Telecom and Oil & Gas. On the other side, FMCG, Healthcare and Metals

were relative gainers.

The Jul-Sep quarter earnings scorecard is now out and threw up some surprises.

Ajay Argal has over 16 years of experience in Investments. He joined Birla Sun

Life Asset Management Company Ltd in December 2005 and has been

managing diversified equity funds as well as offshore funds. He manages the

large cap fund Birla Sun Life Top100 Fund as well as the Birla Sun Life Pure

Value Fund, both of which out performed in the tough markets of last year. He

has helped India Advantage Fund, the offshore fund at Birla Sun Life Asset

Management Company Ltd build a formidable reputation on the basis of its

consistence performance. He also manages the India Excel Fund, whose size

has grown more than four fold during his period of management

Prior to joining Birla Sun Life Asset Management Company Ltd he has worked

with UTI AMC, where he handled various aspects of the Investments function

including equity funds, equity research and equity dealing. He was also

managing the Offshore Funds at UTI and was the Head of Offshore Funds. Ajay

turned around the performance of India Fund during the period of hiss

management to make it one of the best performing India dedicated offshore

funds in 2005. Also, during the time when Ajay was managing the India IT Fund,

it was ranked as the top performing among all technology funds worldwide in

2004 by S & P.

A B.Tech graduate from IIT Mumbai and a post graduate in Management from

IIM Bangalore, he was placed among the top decile in IIM.

04

4 Name

: Mr. Ajay Argal

Designation

: Co-head Equity

Birla Sun Life Asset

Management Company

Positive finish after initial losses

Bond markets witnessed another month of wild movements. Earlier in the month,

bonds took a heavy beating owing to selling pressure prior the RBI policy meeting.

But RBI managed to catch the market again by surprising in its policy, causing a

steep rally. The government completed nearly 80% of its net borrowing plan as WPI

inflation rate edged up to 1.51% y-o-y.

A fine balancing act

The RBI played a fine balancing act by not shocking the market with tightening but

at the same time signaling a start to a reversal from the existing stance. It did so by

hiking the SLR, reducing export credit finance limit to 15% from 50% and

withdrawing the special repo window for banks, mutual funds and non-banking

finance companies, marking it as the first phase of the “exit policy”. The hike in the

commercial real estate loans' risk weight was however, a fairly strong signal and

the hike in WPI inflation projection indicated RBI's concern on that front. Liquidity

conditions remained comfortable, with call rates in the 3.20%-3.30% band with RBI

absorbing over a trillion rupees for most part of the month.

Inflation is the big concern

The RBI still considers the trade off between supporting growth and reining in

inflation expectations as a 'complex policy challenge', where as the 'curve' is pricing

in a convincing withdrawal of monetary accommodation in the coming months. To

be sure, the RBI's endeavor will be to neutralize the rates quickly. India has had an

average of 6% policy rate (effective overnight funding rate) in the last decade, and

in that context the current policy setting looks extremely accommodative. But both

the sovereign and OIS curves have already priced in rapid-fire rate hikes in the

coming months. Thus we believe that most of the curve points would trade in a

range in the coming months, with the 10-year benchmark trading in the 7% -7.60%

Equity Market

Debt Market

Outlook

The corrective move has since continued with a total decline of 11.1% and 11.2%

from top to the recent low. The stock prices of companies that reported lower than

expected earnings have been punished severely by the markets. The obvious

question in the minds of equity investors is whether to increase their allocation

towards equity markets. Although a bit more correction in the benchmark averages

is possible after a solid run up, it is next to impossible to time the exact move in the

markets. Already we are picking up selective opportunities thrown up in the current

correction. We would suggest investors to be overweight equities with 12-18m

perspective through some of our diversified or focus equity funds as it suits their

risk palates.

Demand Components of GDP

Our Investment Team

(In alphabetical order)

Achala Kanitkar Research Analyst : Equity

Ajay Argal Co-Head : Equity

Ajay Garg Fund Manager : Equity

Ankit Sancheti Fund Manager/ Research Analyst : Equity

Atul Penkar Fund Manager/ Research Analyst : Equity

Chanchal Khandelwal Research Analyst : Equity

Hemang Dagli Sr. Equity Dealer / Fund Manager

Kaustubh Gupta Fund Manager : Fixed Income

Lokesh Mallya Fund Manager / Research Analyst : Fixed Income

Mahesh Patil Co-Head : Equity

Maneesh Dangi Head : Fixed Income

Merlyn Joseph Research Analyst : Equity

Nishit Dholakia Fund Manager : Equity

Paresh Khandelwal Research Analyst : Equity

Prasad Dhonde Fund Manager / Dealer : Fixed Income

Sanjay Chawla Fund Manager : Equity

Satyabrata Mohanty Head : Mixed Assets

Shaktie Prakash Fund Manager / Dealer : Fixed Income

Sujit Patki Dealer : Equity

Sunaina Da cunha Fund Manager / Research Analyst : Fixed Income

Vineet Maloo Fund Manager/ Research Analyst : Equity

Private Final Consumption Expenditure

8.5

2.9

4.5

2.7

1.6 Government Final Expenditure

7.4

20.2 (-)0.2

21.5

10.2 Gross Fixed Capital Formation

12.9

8.2

9.2

6.4

4.2 Net Exports

(-)36.7

(-)41.2

(-)75.9

(-)30.8

231.8 Private Final Consumption Expenditure

57.2

55.5

58.0

51.4

55.6 Government Final Expenditure

9.8

11.1

9.6

13.4

9.9 Gross Fixed Capital Formation

31.6

32.2

31.6

31.6 Net Exports

(-)4.3

(-)5.8

(-)1.3

(-)2.9

1.6 Financial Year

Q1

Q4

Q1

2007-08

2008-09

2009-10

Year-on-Year Growth Rate (%)

Share in GDP (%)

Source: Central Statistical Organisation (CSO).

range. RBI thinks that it's appropriate to sequence the 'exit' in a calibrated way so

that while the recovery process is not hampered, inflation expectations remain

anchored. The 'exit' process has begun with the closure of some special liquidity

support measures, which RBI introduced during liquidity crisis in 2008. The

conventional policy measures have been left untouched given the uncertainty over

recovery process.

SLR hike by 1% has come as a positive surprise for Gsec markets and bonds have

rallied by more than 10 bps across the curve. We see Gsec yield curve steepening

over next few weeks. Recently, there has been some debate on the need to raise

HTM limit on the ground that such a relaxation will mitigate the upward pressure on

G-Sec yields, and consequently on the overall interest rate regime. But RBI has

ruled out any such move given that current HTM limits are higher than SLR of the

banks.

As Corporate bond repoablity has been on the radar for some time and a formal

introduction of the same would ease spreads for 2/3 years bonds.

Outlook

We think that the best of liquidity is behind us and we will see liquidity drying up in

the run up to March. Currently, we have 100k crs excess liquidity, which should

dwindle down to less than 50k crs by the end of this financial year. We feel that the

money market rates have bottomed out and 6m-1 year rates should continue to

move up in the coming months. We see 1-year bond rates hardening by more than

100 bps in the run up to March but the ultra short-term funds would continue to

deliver sub 5% returns given that the higher yielding older assets would continue to

get re-priced at lower levels.

(5)

Fund Details

Investment Objective

As on October 31, 2009

Birla Sun Life Cash Plus

Investment Style Box

Low Interest Rate_Sensitivity High Mid Low Credit Quality High Med Fund Manager : Ms. Sunaina Da Cunha

Managing Fund Since : June 18, 2009

Total Experience : 11 years & 6 years

Date of inception : June 16, 1997

Nature of the scheme : An Open-ended Liquid Scheme

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

Appln of equal to or greater than Rs. 5 cr - Institutional Premium Plan - Daily Dividend Reinvestment

Retail Plan

Fresh Purchase : Rs. 10000/-Additional Purchase : Rs.

1000/-Institutional Plan

Fresh Purchase : Rs. 1 Crore Additional Purchase : Rs. 1 Lac

Institutional Premium Plan

For Discipline Advantage : The sum of transfer amounts as

++

Plan per the frequency opted or Rs. 10,000/- whichever is greater.

Redemption Cheques : Within 10 working days

issued

Systematic Investment : Not Available

Plan (SIP)

Systematic Withdrawal : Available

Plan (SWP)

Systematic Transfer : Available

Plan (STP) Retail Plan Growth : 24.1424 Daily Dividend : 16.3698 (Reinvestment) Institutional Plan Growth : 24.4943 Daily Dividend : 10.8027 (Reinvestment) Fortnightly Dividend : 10.8292

(Payout & Reinvestment)

Weekly Dividend : 10.8072

(Payout & Reinvestment) Institutional Premium Plan

Growth : 14.4769 Daily Dividend : 10.0200

Fortnightly Dividend : 10.0000

Weekly Dividend : 10.0230

Monthly Dividend : 10.0005

Discipline Advantage plan : 10.1379

++

(w.e.f June 22, 2009)

Benchmark : CRISIL Liquid Fund Index

Average AUM : Rs. 7,881.93 Crores

Entry Load : Nil

Exit Load : Nil

Average Maturity : 0.23 Years

Yield to Maturity : 4.10%

(for Debt Component) Mark to Market :

-Standard Deviation

Retail Plan : 0.46% Institutional Plan : 0.49% Institutional Premium Plan : 0.48%

Mr. Prasad Dhonde &

Key Features

Plans / Options & NAV

Load Structure

Other Parameter

(As on October 31, 2009)

Note:

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

++

For further details on the Discipline Advantage Plan please refer to addendum dated June 18, 2009 & July 16, 2009

An open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious

investments in high quality debt and money market instruments.

Portfolio & Asset Allocation

Issuer % to Net Rating Assets

Money Market Instruments 101.63

Export-Import Bank of India 18.21 P1+

National Housing Bank 14.59 A1+

Reliance Industries Ltd. 13.92 P1+

State Bank of Patiala 10.50 P1+

Small Industries Development Bank of India 8.43 PR1+

NABARD 8.43 P1+

IDBI Bank Ltd. 6.71 P1+

Kotak Mahindra Bank Ltd. 5.07 P1+

Punjab and Sind Bank 4.22 A1+

Bank Of Baroda 2.60 P1+

Oriental Bank Of Commerce 1.53 P1+

United Bank Of India 1.27 P1+

Andhra Bank 1.17 F1+

HDFC Ltd. 1.07 A1+

Union Bank of India 0.84 P1+

Barclays Bank 0.59 P1+

IDFC Ltd. 0.58 A1+

Punjab National Bank 0.47 F1+

Punjab National Bank 0.42 PR1+

Axis Bank Ltd. 0.37 P1+

State Bank of Travancore 0.25 P1+

Allahabad Bank 0.18 P1+

IDBI Bank LTD. 0.09 A1+

State Bank of Bikaner and Jaipur 0.08 A1+

Indian Bank 0.03 F1+

Securitised Debt 12.75

Indian Railway Finance Corporation Ltd.** 7.24 F1+(SO) Vodafone Essar Digilink Ltd.** 3.36 F1+(SO) Vodafone Essar Cellular Ltd.** 2.14 F1+(SO)

Treasury Bills 9.42

91 Days T-Bill 27 Nov 2009 6.76 Sovereign 182 Days T-Bill 13 Nov 2009 2.66 Sovereign

Floating Rate Instruments 2.60

LIC Housing Finance Ltd. 1.30 AAA

Axis Bank Ltd. 0.67 LAA+

ICICI Bank Ltd. 0.56 AAA

Union Bank of India 0.08 AA+

Cash & Current Assets -26.40 Total Net Assets 100.00

** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 12.75 %.

(Past performance is no guarantee of future results.) for ranking methodology please refer page 49

CRISIL~CPR 2^^

Birla Sun Life Cash Plus - Retail Plan Consistent CPR Performer - Liquid (16 Schemes) , 5 Yrs ended 30-Sept-09

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

Rating Profile

Investment Performance

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

% Returns

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

#

i

Value Research Rating

Birla Sun Life Cash Plus - Institutional Premium Plan Debt: Ultra Short Term Institutional (45 Schemes), 18 months & 3 years ended 31-Oct-09

Sa

vings

So

lut

ion

s

-26.40% 0.75% 9.42% 116.23%

Cash & Current Assets AA Sovereign AAA 3.43 1.78 2.77 7.38 2.85 1.33 2.07 0 1 2 3 4 5 6 7 8

15 days 1 Month 3 Months Since Inception

Birla Sun Life Cash Plus - Institutional Premium Plan Debt: Ultra Short Term Institutional (18 Schemes), 1yr ended 30-Sept-09

(6)

Fund Details

Investment Objective

As on October 31, 2009

Birla Sun Life Cash Manager

Investment Style Box

Date of inception : May 14, 1998

Nature of the scheme : An Open-ended Liquid Scheme

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

Retail Plan

issued

Systematic Investment : Not Available

Plan (SIP)

Plan (SWP)

Plan (STP) Retail Plan Growth : 22.1050 Weekly Dividend : 10.0050 (Reinvestment) Institutional Plan Growth : 15.1323 Daily Dividend : 10.0039 (Reinvestment) Weekly Dividend : 10.0054 (Reinvestment)

Benchmark : CRISIL Liquid Fund Index

Average AUM : Rs. 667.98 Crores

Exit Load : Nil

Yield to Maturity : 4.25% (for Debt Component)

Mark to Market :

-Standard Deviation

Retail Plan : 0.50% Institutional Plan : 0.48%

Mr. Prasad Dhonde &

Key Features

Load Structure

Other Parameter

(As on October 31, 2009)

Note:

An open-ended liquid scheme with the objective to provide current income which is consistent with a portfolio that offers investors superior

liquidity by investing 100% in a diversified portfolio of debt (Fixed Income) and money market securities.

Rating Profile

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

Birla Sun Life Cash Manager-Growth CRISIL Liquid Fund Index

Investment Performance

% Returns

Portfolio & Asset Allocation

91 Days T-Bill 06 Dec 2009 30.27 Sovereign 364 Days T-Bill 20 Nov 2009 25.19 Sovereign

Bank of Baroda 9.03 P1+

Syndicate Bank 9.02 PR1+

State Bank of Hyderabad 8.83 A1+

United Bank of India 7.03 P1+

State Bank of Mysore 5.00 A1+

The Jammu And Kashmir Bank Ltd. 3.41 P1+ Export-Import Bank of India 0.20 A1+

Cash & Current Assets -3.02 Total Net Assets 100.00

#

i

Value Research Rating

Birla Sun Life Cash Manager - Retail Plan Debt: Ultra Short Term (40 Schemes), 18 months & 3 years ended 31-Oct-09

#

i

Value Research Rating

Birla Sun Life Cash Manager - Institutional Plan Debt: Ultra Short Term Institutional (45 Schemes), 18 months & 3 years ended 31-Oct-09

Sa

vings

So

lut

ion

s

-3.02% 47.56% 55.46%

Cash & Current Assets AAA Sovereign 3.70 1.97 3.10 7.16 2.85 1.33 2.07 0 1 2 3 4 5 6 7 8

Birla Sun Life Cash Manager - Institutional Plan Debt: Ultra Short Term Institutional (13 Schemes), 1yr ended 30-Sept-09

CRISIL~CPR 2^^

(7)

Fund Details

Investment Objective

Birla Sun Life Savings Fund

As on October 31, 2009

Investment Style Box

Low Interest Rate_Sensitivity High Mid Low Credit Quality High Med Fund Manager :

Total Experience : 9 years

Date of inception

Retail Plan : November 27, 2001 Institutional Plan : April 16, 2003

Nature of the scheme : An Open-ended Short Term Income Scheme

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

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

Retail Plan

For Discipline Advantage : The sum of transfer amounts as

++

issued

Systematic Investment : Available

Plan (SIP)

Plan (SWP)

Plan (STP) Retail Plan Growth : 16.8242 Daily Dividend : 10.0081 (Reinvestment) Weekly Dividend : 10.0094

(Payout, Reinvestment & Sweep Option) Institutional Plan Growth : 17.1481 Daily Dividend : 10.0082 (Reinvestment) Weekly Dividend : 10.0107

(Payout, Reinvestment & Sweep Option)

Discipline Advantage Plan : 10.1428

++

(w.e.f June 22, 2009)

Benchmark : CRISIL Short-Term Bond Fund Index

Exit Load : Nil

Mark to Market : 3% Standard Deviation Retail Plan : 0.52% Institutional Plan : 0.50% Mr. Maneesh Dangi Key Features

Load Structure (Incl. for SIP)

Other Parameter

(As on October 31, 2009)

Note:

++

For further details on the Discipline Advantage Plan please refer to addendum dated June 18, 2009 & July 16, 2009

Birla Sun Life Savings Fund - Institutional Plan Ultra Short Term Debt Scheme - Institutional (20 Schemes), 1yr ended 30-Sept-09

CRISIL~CPR 2^^

5-Star Award by

@

ICRA

Birla Sun Life Savings Fund - Institutional Plan Open Ended Liquid Plus - Institutional Plan (34 Schemes), 1 year ended 31-Dec-08 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.

% Returns

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

Investment Performance

Rating Profile

The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe

generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will

undernormal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.

Portfolio & Asset Allocation

ICICI Bank Ltd. 8.57 A1+

Reliance Industries Ltd. 2.71 P1+

Canara Bank 1.76 P1+

Oriental Bank of Commerce 1.33 P1+

IDBI Bank Ltd. 1.29 A1+

Reliance Capital Ltd. 1.28 A1+

ONGC Videsh Ltd. 1.17 P1+(SO)

Standard Chartered Bank 1.14 P1+

Central Bank of India 1.12 A1+

Corporation Bank 1.04 P1+

UCO Bank 0.90 P1+

ING Vysya Bank Ltd. 0.88 P1+

National Housing Bank 0.84 A1+

The Jammu And Kashmir Bank Ltd. 0.76 P1+

Union Bank of India 0.68 P1+

Reliance Communication Ltd. 0.62 A1+ Export-Import Bank of India 0.61 A1+

HDFC Ltd. 0.60 A1+

State Bank of Patiala 0.53 A1+

Federal Bank Ltd. 0.49 P1+

Allahabad Bank 0.42 A1+

Vijaya Bank 0.40 PR1+

State Bank of Indore 0.40 P1+

Yes Bank Ltd. 0.40 A1+

State Bank of Hyderabad 0.40 P1+

Canara Bank 0.39 A1+

Indian Oil Corporation Ltd. 0.39 P1+ LIC Housing Finance Ltd. 0.36 P1+ Kotak Mahindra Prime Ltd. 0.33 P1+ Small Industries Development Bank of India 0.33 A1+ Rural Electrification Corporation Ltd. 0.29 PR1+

Tata Motors Ltd. 0.27 A1

Dena Bank 0.27 P1+

Reliance Communication Ltd. 0.26 PR1+

State Bank of Bikaner and Jaipur 0.20 P1+

L&T Finance Ltd. 0.20 PR1+

Punjab National Bank 0.16 F1+

IDFC Ltd. 0.15 A1+

Small Industries Development Bank of India 0.14 P1+

Bank of Baroda 0.14 P1+

L&T Infrastructure Finance Company Ltd. 0.13 A1+

Indian Bank 0.13 F1+

Bank of Baroda 0.12 A1+

IndusInd Bank Ltd. 0.07 P1+

Punjab and Sind Bank 0.07 A1+

Export-Import Bank of India 0.05 P1+

State Bank of Travancore 0.04 A1+ State Bank of Bikaner and Jaipur 0.03 A1+

Bajaj Auto Finance Ltd. 0.03 P1+

91 Days T-Bill 29Jan10 6.78 Sovereign 91 Days T-Bill 31DEC09 3.14 Sovereign 91 Days T-Bill 18DEC09 1.17 Sovereign 182 Days T-Bill 30Apr10 0.79 Sovereign 364 Days T-BILL 18Dec09 0.48 Sovereign 91 Days T-BILL 06Dec09 0.08 Sovereign

National Housing Bank ** 1.37 A1+(SO) Indian Oil Corporation Ltd. ** 1.24 A1+(SO) Indian Oil Corporation Ltd. ** 1.23 F1+(SO) Tata Capital Ltd. ** 0.27 AA+(SO) Power Finance Corporation Ltd. ** 0.09 AAA(SO)

NTPC Ltd. ** 0.01 AAA(SO)

Indian Retail Absolute Trust ** # AAA(SO)

Housing Development Finance Corporation Ltd. 1.06 AAA Sterlite Industries (India) Ltd. 0.55 P1+ Housing Development Finance Corporation Ltd. 0.45 LAAA

TATA Steel Ltd. 0.40 AA

UltraTech Cement Ltd. 0.40 AAA

CitiFinancial Consumer Finance India Ltd. 0.27 AA

Tata Sons Ltd. 0.25 AAA

Infrastructure Development Finance Company Ltd. 0.21 LAA+ Indian Railway Finance Corporation Ltd. 0.13 AAA Power Finance Corporation Ltd. 0.08 AAA

Corporate Debt 1.41

LIC Housing Finance Ltd. ** 0.36 AAA Housing Development Finance Corporation Ltd. ** 0.29 AAA Housing Development Finance Corporation Ltd. ** 0.25 AAA CitiFinancial Consumer Finance India Ltd. ** 0.22 AA ICICI Home Finance Company Ltd. ** 0.10 LAAA

Tata Sons Ltd. ** 0.08 AAA

Kotak Mahindra Prime Ltd. ** 0.07 P1+ GE Capital Services India ** 0.03 AAA Kotak Mahindra Prime Ltd. ** 0.01 LAA

IDFC Ltd. ** # AA+

Government Bond 0.26

09.39% CGL 2011 0.25 Sovereign

PSU/PFI Bonds/Banks 0.13

IDBI Bank Ltd. ** 0.07 AA+

NABARD ** 0.03 AAA

Rural Electrification Corporation Ltd. ** 0.02 AAA Power Finance Corporation Ltd. ** 0.02 AAA

Cash & Current Assets 28.07 Total Net Assets 100.00

** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 5.75 %.

#

Indicates less than 0.01

Birla Sun Life Savings Fund - Retail Plan Ultra Short Term Debt Scheme (33 Schemes), 1yr ended 30-Sept-09

CRISIL~CPR 2^^

Sa

vings

So

lut

ion

s

1.45% 12.69% 28.07% 57.79% AA Sovereign Cash & Current Assets AAA 6.23 7.27 6.86 6.78 10.26 7.72 6.70 0 2 4 6 8 10 12

(8)

Fund Details

Investment Objective

As on October 31, 2009

Birla Sun Life Short Term Fund

Investment Style Box

Low Interest Rate_Sensitivity High Mid Low Credit Quality High Med Fund Manager : Mr. Lokesh Mallya

Managing Fund Since : September 29, 2009

Date of inception : April 19, 2002

Nature of the scheme : An Open-ended Short Term Income Scheme

Default option : Appln of less than Rs. 2 cr - Retail Plan - Fortnightly Dividend Reinvestment

Appln of equal to or greater than Rs. 2 cr - Institutional Plan - Fortnightly Dividend Reinvestment Retail Plan Fresh Purchase : Rs. 10000/-Additional Purchase : Rs. 1000/-Institutional Plan

Fresh Purchase : Rs. 2 Crore Additional Purchase : Rs.

10000/-For Discipline Advantage : The sum of transfer amounts as

++

issued SIP : Available SWP : Available STP : Available Retail Plan Growth : 16.3551 Daily Dividend : 10.0065 (Reinvestment) Fortnightly Dividend : 10.2500

(Payout, Reinvestment & Sweep Option) Institutional Plan Growth : 10.7399 Daily Dividend : 10.0067 (Reinvestment) Fortnightly Dividend : 10.1551

Discipline Advantage Plan : 10.1588

++

(w.e.f June 22, 2009)

Benchmark : CRISIL Short-Term Bond Fund Index

Exit Load : Nil

Mark to Market :

-Standard Deviation : 0.49%

Mr. Kaustubh Gupta &

Key Features

Other Parameter

(As on October 31, 2009)

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

% Returns

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

Investment Performance

Rating Profile

An open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a

diversified portfolio of debt and money market securities with relatively low levels of interest rate risk.

Note:

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

++_{For further details on the Discipline Advantage Plan please refer to addendum dated}

June 18, 2009 & July 16, 2009.

(Past performance is no guarantee of future results.) for ranking methodology please refer page 49 Birla Sun Life Short Term Fund - Retail Plan

Debt: Short Term Schemes (24 Schemes), 1 Yr ended 30-Sept-09

CRISIL~CPR 1^^

&&

CNBC TV-18 CRISIL AWARD 2008

Birla Sun Life Short Term Fund - Retail

1 Yr Performance ended Dec 31, 08. Total Schemes in Category = 15 Category: Income – Short Term Funds

Portfolio & Asset Allocation

Issuer % to Net Rating Assets Money Market Instruments 49.40

Vijaya Bank 4.18 PR1+

State Bank of Travancore 1.82 A1+

Bank of India 1.40 P1+

182 DAYS T-Bill 13 Nov 2009 13.51 Sovereign

#

i

Value Research Rating

Birla Sun Life Short Term Fund - Retail Plan Debt: Short Term (19 Schemes), 18 months & 3 years ended 31-Oct-09

Sa

vings

So

lut

ion

s

13.51% 37.08% 49.40% Sovereign Cash & Current Assets AAA 6.04 7.98 6.98 6.74 10.26 7.72 6.70 _6.31 0 2 4 6 8 10 12

1 Year 3 Years 5 Years Since Inception

(9)

Fund Details

Investment Objective

Birla Sun Life Dynamic

Bond Fund

As on October 31, 2009

Investment Style Box

Low Interest Rate_Sensitivity High Mid Low Credit Quality High Med Fund Manager :

Date of inception : September 27, 2004

Nature of the scheme : An Open-ended Income Scheme

Default option : Quarterly Dividend Reinvestment

Retail Monthly Dividend Sweep Option

Fresh Purchase : Rs. 5 lacs Additional Purchase : Rs.

1000/-For Other Option

Fresh Purchase : Rs. 5000/- Additional Purchase : Rs.

++

issued

Plan (SIP)

Plan (SWP)

Plan (STP)

Retail Growth : 15.0751 Retail Quarterly Dividend : 11.1185

Retail Monthly Dividend : 10.4036

Retail Monthly Dividend sweep option also available (w.e.f Jan 12, 2009)

Discipline Advantage Plan : 10.4282

++

(w.e.f Mar 30, 2009)

Benchmark : CRISIL Composite Bond Fund Index

Exit Load** : For redemption/switch-out of units within 180 days from the date of allotment: 0.50% of applicable NAV.

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

Modified Duration : 0.75 Years

Mark to Market : 51%

Standard Deviation : 4.54% Mr. Maneesh Dangi

Key Features

Other Parameter

(As on October 31, 2009)

Note:

++_{For further details on the Discipline Advantage Plan please refer to addendum}

dated March 20, 2009 & July 16, 2009.

#

i

Value Research Rating

Birla Sun Life Dynamic Bond Fund Debt: Medium Term (38 Schemes), 18 months & 3 years ended 31-Oct-09

7-Star Award by

@

ICRA

Birla Sun Life Dynamic Bond Fund Open Ended Debt - Short Term (17 Schemes), 1 year ended 31-Dec-08

Portfolio & Asset Allocation

Central Bank of India 7.80 A1+

Reliance Communications Ltd. 5.49 PR1+

UCO Bank 3.74 P1+

State Bank of Hyderabad 2.76 A1+ State Bank of Bikaner and Jaipur 2.33 P1+

ICICI Bank Ltd. 2.21 A1+

Punjab and Sind Bank 1.43 P1+

Bank of India 0.48 P1+

Housing Development Finance Corporation Ltd.** 6.20 AAA Housing Development Finance Corporation Ltd.** 5.84 AAA

Tata Sons Ltd.** 5.10 AAA

LIC Housing Finance Ltd.** 3.83 AAA Sundaram Finance Ltd.** 2.65 AA+ Sundaram Finance Ltd.** 1.97 LAA+ GE Capital Services India** 1.85 AAA Mahindra & Mahindra Financial Services Ltd.** 1.73 AA Reliance Industries Ltd.** 1.46 AAA

Tata Capital Ltd.** 1.44 LAA+

Kotak Mahindra Prime Ltd.** 1.40 AA

Tata Motors Ltd.** 1.29 AAA(SO)

Tata Capital Ltd.** 0.96 AA+

Bajaj Auto Finance Ltd.** 0.96 AA+ Bajaj Auto Finance Ltd.** 0.52 LAA+ Kotak Mahindra Prime Ltd.** 0.50 LAA Mahindra & Mahindra Financial Services Ltd.** 0.37 AA

IDFC Ltd.** 0.06 AA+

National Housing Bank** 4.33 AAA Power Finance Corporation Ltd.** 3.19 AAA

IDBI Bank Ltd.** 1.50 AA+

Indian Oil Corporation Ltd.** 1.44 AAA

NABARD** 1.04 AAA

Indian Railway Finance Corporation Ltd.** 0.31 AAA Rural Electrification Corporation Ltd.** 0.30 AAA

NHPC Ltd.** 0.10 AA+

Indian Railway Finance Corporation Ltd.** 0.03 AAA

Power Finance Corporation Ltd.** 4.36 AAA(SO)

91 Days T-Bill 06 Dec 09 0.62 Sovereign

** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 54.70 % Past performance may or may not be sustained in future. Returns are in % and absolute returns for

period less than 1 year & CAGR for period 1 year or more.

% Returns

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

Investment Performance

Rating Profile

An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolio

by investing in high quality debt and money market instruments.

Sa

vings

So

lut

ion

s

0.62% 2.14% 14.15% 83.09% Sovereign Cash & Current Assets AA AAA 12.34 10.16 8.32 8.39 9.93 6.10 5.55 5.40 0 2 4 6 8 10 12 14

CRISIL~CPR 2^^

Birla Sun Life Dynamic Bond Fund Debt: Short Schemes (24 Schemes), 2 Yrs ended 30-Sept-09

(10)

Fund Details

Investment Objective

Birla Sun Life Medium

Term Plan

As on October 31, 2009

Investment Style Box

Low Interest Rate_Sensitivity High Mid Low Credit Quality High Med Fund Manager : Mr. Kaustubh Gupta

Date of inception : March 25, 2009

Default option : Default Plan Retail Default Option Growth Default Facility Fortnightly Dividend Reinvestment

Retail Plan

1000/-For Institutional Plan

Fresh Purchase : Rs. 1 Crore Additional Purchase : Rs.

10,000/-Redemption Cheques : Within 10 working days

issued

Plan (SIP)

Systematic Withdrawal : Not Available

Plan (SWP)

Plan (STP)

Retail Plan

Weekly Dividend : 10.0402 Fortnightly Dividend : 10.0783 Monthly Dividend : 10.0921

Quarterly Dividend : 10.1061

(Payout, Reinvestment & Sweep Option) Growth : 10.3499 Institutional Plan Weekly Dividend : 10.0243 Fortnightly Dividend : 10.0783 Monthly Dividend : 10.0496

Quarterly Dividend : 10.0000

Growth : 10.0305

Benchmark : CRISIL Short Term Bond Fund Index

Exit Load : Nil

Mr. Maneesh Dangi &

Key Features

(As on October 31, 2009)

Portfolio & Asset Allocation

State Bank of Travancore 9.32 P1+ State Bank of Hyderabad 9.29 A1+

Federal Bank Ltd. 9.27 P1+

ING Vysya Bank Ltd. 9.27 P1+

Power Finance Corporation Ltd.** 12.55 AAA National Bank for Agriculture & Rural Development** 3.31 AAA Rural Electrification Corporation Ltd.** 3.13 AAA

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

% Returns

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

Investment Performance

Rating Profile

The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in

order to make regular dividend payments to unitholders & secondary objective is growth of capital.

** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 32.34 %

Sa

vings

So

lut

ion

s

15.44%

84.56%

Cash & Current Assets AAA 3.48 3.71 0 1 2 3 4 Since Inception

10

(11)

Fund Details

Investment Objective

Birla Sun Life Income Plus

As on October 31, 2009

Investment Style Box

Low Interest Rate_Sensitivity High Mid Low Credit Quality High Med Fund Manager : Mr.

Date of inception : October 21, 1995

Default option : Dividend Reinvestment

Fresh Purchase : Rs.

5000/-Additional Purchase : Rs.

1000/-For Discipline Advantage : The sum of transfer amounts as

++

issued

Plan (SIP)

Plan (SWP)

Plan (STP)

Growth : 41.2929 Dividend : 11.2636

Discipline Advantage Plan : 10.4142

++

w.e.fMar 04,2009

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

Modified Duration : 6.00 Years (for Debt Component)

Mark to Market : 89%

Standard Deviation : 18.07% Maneesh Dangi

Key Features

Other Parameter

(As on October 31, 2009)

Note:

++

For further details on the Discipline Advantage Plan please refer to addendum dated March 03, 2009, March 08, 2009 & July 16, 2009

5-Star Award by

@

ICRA

Birla Sun Life Income Plus Open Ended Debt - Long Term (21 Schemes), 3 year ended 31-Dec-08

CRISIL~CPR 2^^

Birla Sun Life Income Plus Income Scheme (25 Schemes), 2 Yrs ended 30-Sept-09

CRISIL~CPR 1^^

Birla Sun Life Income Plus Consistent CPR Performer-Debt (13 Schemes), 5 Yrs ended 30-Sept-09

An open-ended income scheme with the objective to generate consistent income through superior yields on its investments at moderate levels

of risk through a diversified investment approach.

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

% Returns

Birla Sun Life Income Plus Growth CRISIL Composite Bond Fund Index

Investment Performance

Rating Profile

Portfolio & Asset Allocation

Issuer % to Net Rating Assets Government Bond 72.74 07.02% CGL 2016 42.92 Sovereign 06.35% CGL 2020 19.71 Sovereign 6.49% CGL 2015 3.64 Sovereign 07.99% CGL 2017 3.39 Sovereign 08.20% CGL 2022 1.63 Sovereign 07.49% CGL 2017 0.95 Sovereign

08.28% Govt Stock 2032 0.47 Sovereign

NABARD** 7.61 AAA

Power Grid Corporation of India Ltd.** 4.88 AAA

State Bank of India** 0.95 AAA

Export-Import Bank of India** 0.49 AAA

IDBI Bank Ltd.** 0.41 AA+

Rural Electrification Corporation Ltd.** 0.40 AAA

ICICI Bank Ltd.** 0.31 AAA

Reliance Gas Transpotation Infrastructure Ltd.** 1.07 AAA Infrastructure Leasing & Financial Services Ltd.** 0.10 LAAA(So)

Cash & Current Assets 10.21

Total Net Assets 100.00

** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 17.05 %.

Sa

vings

So

lut

ion

s

0.41% 10.21% 16.64% 72.74% AA Cash & Current Assets AAA Sovereign 17.97 10.83 8.44 10.63 9.93 6.10 _5.55 0 2 4 6 8 10 12 14 16 18 20

(12)

Fund Details

Investment Objective

As on October 31, 2009

Birla Sun Life Income Fund

Investment Style Box

Low Interest Rate_Sensitivity High Mid Low Credit Quality High Med Fund Manager :

Date of inception : March 3, 1997

Default option : Dividend Reinvestment

Fresh Purchase : Rs.

5000/-Additional Purchase : Rs.

++

issued

Plan (SIP)

Plan (SWP)

Plan (STP)

Growth : 33.3779 Quarterly Dividend : 10.9110

Half Yearly Dividend : 11.3819

54 EA Growth : 33.3548 54 EA Dividend : 12.4330 54 EB Growth : 33.1448 54 EB Dividend : 14.7134 Discipline Advantage Plan : 10.2480

++

w.e.fMar 04,2009

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

Modified Duration : 5.00 Years (for Debt Component)

Mark to Market : 74% Standard Deviation Retail Plan : 17.59% 54 EA Growth : 17.59% 54 EB Growth : 17.59% Mr. Maneesh Dangi Key Features

Other Parameter

(As on October 31, 2009)

Note:

++_{For further details on the Discipline Advantage Plan please refer to addendum}

dated March 03, 2009, March 08, 2009 & July 16, 2009

Winner of

&

Best Fund - 3 yrs performance Lipper Awards India 2009 Bond INR General, (99 schemes) 3 Yrs Performance (2005-2008)

Birla Sun Life Income Fund - Growth

9

Winner of

&

Best Fund - 10 yrs performance Lipper Awards India 2009 Bond INR General, (16 schemes) 10 Yrs Performance (1998-2008)

Birla Sun Life Income Fund - Growth

9

&&

CNBC TV-18 CRISIL AWARD 2008

Birla Sun Life Income Fund - Growth

1 Yr Performance ended Dec 31, 08. Total Schemes in Category = 17 Category: Income scheme

Portfolio & Asset Allocation

Issuer % to Net Rating Assets Government Bond 67.97 07.02% CGL 2016 36.78 Sovereign 6.90% CGL 2019 20.55 Sovereign 6.49% CGL 2015 5.51 Sovereign 06.35% CGL 2020 4.33 Sovereign 7.35% CGL 2024 0.72 Sovereign 06.05% CGL 2019 Feb 0.07 Sovereign PSU/PFI Bonds/Banks 6.10 NABARD** 6.10 AAA Corporate Debt 1.08

Reliance Gas Transpotation Infrastructure Ltd.** 1.08 AAA

Cash & Current Assets 24.84

Total Net Assets 100.00

** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 7.18%. Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than

1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.

% Returns

Birla Sun Life Income Fund Growth CRISIL Composite Bond Fund Index

Investment Performance

Rating Profile

An open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified

portfolio of debt and money market securities.

Sa

vings

So

lut

ion

s

7.19% 24.84% 67.97% AAA Cash & Current Assets Sovereign 10.47 9.69 8.06 9.98 9.93 6.10 5.55 0 2 4 6 8 10 12

(13)

Fund Details

Investment Objective

As on October 31, 2009

Birla Sun Life Floating Rate Fund

Short Term Plan

Investment Style Box

Managing Fund Since : June 18, 2009 Total Experience : 11 years & 6 years Date of inception : June 05, 2003

Nature of the scheme : An Open-ended Income Scheme

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

Retail Plan

Redemption Cheques : Within 10 working days issued SIP : NA SWP : Available STP : Available Retail Plan Growth : 14.8653

Daily Dividend(Reinvestment) : 10.0028

Dividend(Reinvestment) : 10.3759 Institutional Plan

Growth : 11.9751

Daily Dividend (Reinvestment) : 10.0000

Weekly Dividend (Reinvestment): 10.0090

Fortnightly Dividend : 10.0000 (Reinvestment)

Benchmark : CRISIL Liquid Fund Index Average AUM : Rs. 64.28 Crores

Entry Load : Nil

Exit Load** : 0.50% if redeemed / switched out

within 90 days from the date of allotment

Standard Deviation

Retail Plan : 0.35% Institutional Plan : 0.35%

Mr. Prasad Dhonde &

Key Features

Load Structure

Other Parameter

(As on October 31, 2009)

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate

debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.

Portfolio & Asset Allocation

Note:

Canara Bank 6.54 A1+

Infrastructure Development Finance Company Ltd. 3.68 A1+

91 Days T-Bill 06 Dec 09 47.12 Sovereign

Cash & Current Assets 0.28 Total Net Assets 100

3 Years

% Returns

Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more. Birla Sun Life Floating Rate Fund - STP - Growth CRISIL Liquid Fund Index

Sa

vings

So

lut

ion

s

Rating Profile

Investment Performance

#

i

Value Research Rating

Birla Sun Life Floating Rate Fund - Short Term Plan

Debt: Medium Term (13 Schemes), 18 months & 3 years ended 31-Oct-09 0.28%

47.12% 52.60%

Cash & Current Assets Sovereign AAA 4.87 2.45 3.60 6.38 2.85 1.33 2.07 5.78 0 1 2 3 4 5 6 7