life invest ement report april 2009

7/29/2019 Life Invest Ement Report April 2009

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Funds

Investment Report April, 2009

BALANCED & GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

LIFE LIQUID FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

LIFE INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

LIFE EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

LIFE AGGRESSIVE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

LIFE STABLE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

LIFE SHORT-TERM FIXED INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . 8

LIFE GROWTH MAXIMISER FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

LIFE LARGE CAP EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

LIFE GROWTH ENABLER FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

LIFE CAPITAL GUARANTEE FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

LIFE SELECT EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

110% CAPITAL GUARANTEE FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

TATA AIG TOP 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

TATA AIG TOP 200 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

TATA AIG AGGRESSIVE FLEXI FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

TATA AIG STABLE FLEXI FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

TATA AIG BOND FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

TATA AIG APEX INVESTMENT FUND. . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

WHOLE LIFE AGGRESSIVE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . 21

WHOLE LIFE INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

WHOLE LIFE STABLE GROWTH FUND. . . . . . . . . . . . . . . . . . . . . . . . . . . 23

WHOLE LIFE MID-CAP EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . 24

WHOLE LIFE SHORT-TERM FIXED INCOME FUND . . . . . . . . . . . . . . . . . . . 25

FUTURE EQUITY PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

FUTURE CAPITAL GUARANTEE PENSION FUND . . . . . . . . . . . . . . . . . . . . 27

FUTURE GROWTH PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

FUTURE BALANCED PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

FUTURE INCOME PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

FUTURE SELECT EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31


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2


Note: The investment income and prices may go down as well as up.


PERFORMANCE - BALANCED FUND(NAV [in Rs.]as on 29-Apr-09 is 16.0310)

PERFORMANCE - GROWTH FUND(NAV [in Rs.]as on is 17.9370))

29-Apr-09

PERIOD DATE NAV NAV Change

Last 1 Month 31-Mar-09 14.9730 7.07%

Last 3 Months 30-Jan-09 14.7300 8.83%

Last 6 Months 31-Oct-08 14.4610 10.86%

Last 1 Year 30-Apr-08 18.8690 -15.04%

Since Inception 2-Mar-04 10.0000 60.31%

PERIOD DATE NAV NAV Change

Last 1 Month 31-Mar-09 16.2890 10.12%

Last 3 Months 30-Jan-09 15.9890 12.18%

Last 6 Months 31-Oct-08 16.1640 10.97%

Last 1 Year 30-Apr-08 24.2220 -25.95%

Since Inception 2-Mar-04 10.0000 79.37%

Balanced andGrowth Fund


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Investment Objective:

NAVCalculation:

Tax Benefits:

FundManager:

To provide safety of funds, liquidity and return on investments, in that order.

Daily

Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sumreceived under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments madetherein from time to time.

Mr. Vivek Sood

ASSET ALLOCATION

MATURITY PROFILE

RATING PROFILE


PERFORMANCE - LIFE LIQUIDFUND (NAV [inRs.]& CRISIL Liquid Fund Index ason 29-Apr-09 is 13.2090 and 1516.5388respectively)

PERIOD DATE NAV CRISIL Liquid Fund Index NAV Change INDEX Change

Last 1 Month 31-Mar-09 13.1370 1504.6261 0.55% 0.79%

Last 3 Months 30-Jan-09 12.9890 1486.2349 1.69% 2.04%

Last 6 Months 31-Oct-08 12.7650 1448.6698 3.48% 4.68%

Last 1 Year 30-Apr-08 12.2960 1393.2176 7.43% 8.85%

Since Inception 2-Mar-04 10.0000 1103.1500 32.09% 37.47%

RATING % to NAV

P1+ 98.77

Cash, Bank & Others 1.23

TOTAL 100.00

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

Less than 1 Year

Life Liquid Fund

3

ASSET ALLOCATION

CD/CP's 98.77


NET ASSETS 100.00

% to NAV

InstrumentPORTFOLIO

CD/CP's 98.77

State Bank Of Indore 2009 - CD P1+ 14.02

ICICI Bank 2010 - CD P1+ 34.79Corporation Bank 2010 - CD P1+ 23.59

Canara Bank 2010 - CD P1+ 7.95

National Housing Bank 2009 - CP P1+ 2.57

PFC Ltd. 2009 - CP P1+ 15.85



NET ASSETS 100.00

Rating % of NAV

CD/CP's Cash, Bank & OthersP1+ Cash, Bank & Others

98.77%

1.23%

98.77%

1.23%


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Life Income Fund


PERFORMANCE - LIFE INCOME FUND (NAV [in Rs.]& CRISIL Composite Bond Fund Indexas on 29-Apr-09 is 12.7750 and 1549.5941 respectively)


NAVCalculation:

Tax Benefits:

FundManager:

To provide long-term capital appreciation by investing in high credit quality fixed-income instruments.Stability of return and protection of principal over a long-term investment horizon will be the prime driver for investment management.

Daily


Mr. Vivek Sood

4

ASSET ALLOCATION % to NAV

Government Securities 11.03

Corporate Bonds 73.19

CD/CP's 4.21


NET ASSETS 100.00

RATING % to NAV

Sovereign 11.03

AAA 73.19

P1+ 4.21


TOTAL 100.00

PERIOD DATE NAV CRISIL Composite NAV Change INDEXBond Fund Index Change

Last 1 Month 31-Mar-09 12.4090 1505.3334 2.95% 2.94%

Last 3 Months 30-Jan-09 12.2540 1504.7636 4.25% 2.98%

Last 6 Months 31-Oct-08 11.3760 1409.0856 12.30% 9.97%

Last 1 Year 30-Apr-08 11.3530 1407.7449 12.53% 10.08%


ASSET ALLOCATION

RATING PROFILE

Instrument

PORTFOLIO

% of NAVRatingGovenment Securities 11.039.39% GOI 2011 Sovereign 0.117.59% GOI 2016 Sovereign 4.478.07% GOI 2017 Sovereign 0.787.46% GOI 2017 Sovereign 0.456.05% GOI 2019 Sovereign 5.22Corporate Bonds 73.199.10% HDFC 2009 AAA 1.529.15% LIC Housing Finance 2010 AAA 2.188.50% Exim Bank 2011 AAA 3.497.00% PFC 2011 AAA 2.129.80% PFC 2012 AAA 0.469.85% Rural Elect Corp. 2017 AAA 2.758.55% HDFC Ltd.. 2009 AAA 3.4210.00% HDFC Ltd.. 2010 AAA 2.43

9.68% IRFC 2010 AAA 1.4011.00% IDFC 2010 AAA 5.329.35% ILFS 2010 AAA 3.5010.95% Rural Elect Corp. 2011 AAA 2.298.60% IDFC 2011 AAA 2.629.20% Larsen & Toubro 2012 AAA 1.7710.00% IDFC 2012 AAA 3.9110.00% PFC 2012 AAA 4.557.20% Rural Elect Corp. 2012 AAA 1.699.45% REC 2013 AAA 2.6910.10% Power Grid Corp 2013 AAA 0.6910.75% Rural Elect Corp. 2013 AAA 1.889.50% Exim Bank 2013 AAA 4.539.20% Power Grid 2014 AAA 4.509.20% Power Grid 2015 AAA 1.588.95% IDFC 2018 AAA 0.87

11.00% PFC 2018 AAA 2.4610.75% Reliance Industries 2018 AAA 6.808.65% IRFC 2024 AAA 1.75CD/CP's 4.21State Bank Of Patiala 2009 - CD P1+ 2.53ICICI Bank 2009 - CD P1+ 1.68Cash, Bank & Others 11.57Cash, Bank & Others 11.57NET ASSETS 100.00

GovernmentSecur it ies Corpora te Bonds

CD/CPs Cash, Bank & Others

MATURITY PROFILE

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

Less than 1 Year 1-3 Years 3-6 Years 6 Years and

Above

0.00%

11.57%

4.21%

73.19%

11.03%

Sovereign AAA P1+ Cash, Bank & Others

4.21%

11.57%

11.03%

73.19%


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5


Life Equity Fund


PERFORMANCE - LIFE EQUITY FUND (NAV [in Rs.]& BSE SENSEX as on 29-Apr-09 is 19.8290 and 11403.25 respectively)


NAVCalculation:

Tax Benefits:

FundManager:

To deliver medium to long-term capital appreciation through a portfolio essentially comprising of large capstocks that can perform well through market and economic cycles.

Daily


Mr. Vivek Sood

PERIOD DATE NAV BSE Sensex NAV Change INDEX ChangeLast 1 Month 31-Mar-09 17.1250 9708.50 15.79% 17.46%

Last 3 Months 30-Jan-09 16.7370 9424.24 18.47% 21.00%

Last 6 Months 31-Oct-08 17.9120 9788.06 10.70% 16.50%

Last 1 Year 30-Apr-08 33.1370 17287.31 -40.16% -34.04%


SECTOR-WISE BREAK-UP Equity 80.36Action Construction Equipments Ltd. Construction 0.18Alstom Projects India Ltd. Engineering 0.31Areva T&D India Ltd. Electric Equipment 1.00Asian Paints (India) Ltd. Paints 1.05Axis Bank Ltd. Banks 2.41Bank Of Baroda Ltd. Banks 2.18Bharat Heavy Electricals Ltd. Electric Equipment 1.17

Bharti Airtel Ltd. Telecommunications 6.04Cesc Ltd. Power Generation & Supply 1.29Crompton Greaves Ltd. Electric Equipment 2.13DLF Ltd. Construction 0.58Elecon Engineering Co Ltd. Engineering 0.34Emco Ltd. Transformers 0.29Exide Industries Ltd. Auto Ancillaries 1.35Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.46Gujarat Nre Coke Ltd. Metallurgical Coke 0.10Gujarat State Petronet Ltd. Petroleum 0.63Hindustan Construction Co Ltd. Construction 0.48Hindustan Unilever Ltd. Diversified 0.62HDFC Bank Banks 5.04HDFC Ltd. Finance 2.14ICICI Bank Ltd. Banks 3.83Infosys Technologies Ltd. Computers - Software 3.44Infrastructure Dev Fin Co Ltd. Finance & Investments 1.53ITC Ltd. Cigarettes 4.62Ivrcl Infrastructures & Projects Ltd. Construction 1.03Kalpataru Power Transmission Ltd. Transmisson Line Towers 0.15Larsen And Toubro Ltd. Engineering 3.51

LIC Housing Finance Ltd. Finance 1.21Mahindra And Mahindra Ltd. Automobiles 0.60Mcnally Bharat Engineering Co Ltd. Engineering 0.32Oil & Natural Gas Corp Ltd. Refineries 3.45Piramal Healthcare Limited Pharmaceuticals 0.94Punj Lloyd Ltd. Construction 0.71Punjab National Bank Banks 2.16Reliance Industries Ltd. Refineries 8.23Reliance Petroleum Ltd. Petroleum 0.35Simplex Infrastructures Ltd. Construction 0.56Sintex Industries Ltd. Diversified 1.12State Bank Of India Banks 3.92Sterlite Industries (India) Ltd. Metal 2.23Sun Pharmaceutical Industries Ltd. Pharmaceuticals 2.89Tata Chemicals Ltd. Fertilizers 0.70TRF Ltd. Engineering 0.00Union Bank Of India Ltd. Banks 1.08United Spirits Ltd. Distilleries 0.96Voltas Limited Diversified 0.20Zee News Ltd. Entertainment 0.82

Fixed Deposits 2.002.50% HSBC 2009 2.00CD/CP's 5.68State Bank of Indore 2009 - CD P1+ 0.69ICICI Bank 2010 - CD P1+ 1.88Canara Bank 2010 - CD P1+ 0.50PFC 2009 -CP P1+ 2.60Cash, Bank & Others 11.96Cash, Bank & Others 11.96NET ASSETS 100.00

InstrumentPORTFOLIO

Industry/Rating % of NAV

% to NAVSector

SECTOR STRATEGY

Auto Ancillaries 1.35

Automobiles 0.60

Banks 20.62

Cigarettes 4.62

Computers - Software 3.44Construction 3.54

Distilleries 0.96

Diversified 1.94

Electric Equipment 4.30

Engineering 4.49

Entertainment 0.82

Fertilizers 0.70Finance 3.35

Finance & Investments 1.53

% toNAVSector

Metal 2.23

Metallurgical Coke 0.10

Paints 1.05

Petroleum 0.98

Pharmaceuticals 4.29Power Generation & Supply 1.29

Refineries 11.69

Telecommunications 6.04

Transformers 0.29

Transmisson Line Towers 0.15

CD/CP's 5.68

Cash, B ank & Others 11.96Fixed Deposits 2.00

Total 100.00

ASSET ALLOCATION % to NAV

Equity 80.36

CD/CP's 5.68

Fixed Deposits 2.00


NET ASSETS 100.00

ASSET ALLOCATION

Equity CD/CP'sF ixed D eposits Cash, B ank & Others

2.00%

5.68%

11.96%

0.70%

3.35%

0.82%4.49%

4.30%

1.94%

0.96%

3.54%

0.60%

4.29%

1.05%

0.98%0.10%

1.53%

2.23%1.29%

0.29%

1.35%

4.62%

3.44%

11.69%6.04%

20.62%

0.15%

Auto Ancillaries Automobiles BanksCigarettes Computers - Software ConstructionDistilleries Diversified Electric EquipmentEngineering Entertainment FertilizersFinance Finance & Investments MetalMetallurgical Coke Paints PetroleumPharmaceuticals Power Generation & Supply RefineriesTelecommunications Transformers Transmisson Line TowersCD/CP's Cash, Bank & Others Fixed Deposits

11.96%

2.00% 5.68%

80.36%


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6

InstrumentPORTFOLIO


Life AggressiveGrowth Fund

PERFORMANCE - LIFE AGGRESSIVE GROWTH FUND (NAV [in Rs.] as on 29-Apr-09 is 10.9600)


% to NAVSectorSECTOR STRATEGY


Automobiles 0.29Banks 12.30

Cigarettes 2.62

Computers - Software 2.82

Construction 2.00

Distilleries 0.51

Diversified 2.00


Electronics 0.20Engineering 2.44

Entertainment 0.66

Fertilizers 0.45

Finance 3.85


NAVCalculation:

Tax Benefits:

FundManager:

To maximise the return while investing in a mix of Equity & Fixed-Income Investments. The fund will maintaina medium to high risk profile. The Equity investments will be in a range of 50% - 80% of the fund.

Daily


Mr. Vivek Sood

% to NAVSectorFinance & Investments 0.76

Metal 1.00Metallurgical Coke 0.10

Paints 0.69

Personal Care 0.98

Petroleum 0.76


Refineries 6.89

Telecommunications 3.33Transformers 0.13



Total 100.00

% of NAVASSET ALLOCATION

Equity 53.16



NET ASSETS 100.00

PERIOD DATE NAV NAV Change INDEX Change

Last 1 Month 31-Mar-09 9.8900 10.82% 12.38%

Last 3 Months 30-Jan-09 9.7710 12.17% 14.69%

Last 6 Months 31-Oct-08 9.7650 12.24% 14.22%

Last 1 Year 30-Apr-08 13.8250 -20.72% -18.60%

Since Inception 1-Jul-06 10.0000 9.60% 12.84%

ASSET ALLOCATION

SECTOR-WISE BREAK-UP

Equity 53.16ABB Ltd Electric Equipment 0.32Action Construction Equipments Ltd Construction 0.07Alstom Projects India Ltd Engineering 0.01Areva T&D India Ltd Electric Equipment 0.43Asian Paints (India) Ltd Paints 0.69Axis Bank Ltd Banks 1.29

Bank Of Baroda Ltd Banks 1.31Bharat Heavy Electricals Ltd Electric Equipment 0.71Bharti Airtel Ltd Telecommunications 3.33Cesc Ltd Power Generation & Supply 1.00Crompton Greaves Ltd Electric Equipment 1.16Dishman Pharmaceuticals & Chemicals Ltd Pharmaceuticals 0.35Elecon Engineering Co Ltd Engineering 0.16Emco Ltd Transformers 0.13Exide Industries Ltd Auto Ancillaries 0.90Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.41Gujarat Nre Coke Ltd Metallurgical Coke 0.10Gujarat State Petronet Ltd Petroleum 0.36Hindustan Construction Co Ltd Construction 0.15Hindustan Unilever Ltd Diversified 0.79HDFC Bank Banks 3.12HDFC Ltd Finance 1.62ICICI Bank Ltd Banks 2.53Infosys Technologies Ltd Computers - Software 2.82Infrastructure Dev Fin Co Ltd Finance & Investments 0.76ITC Ltd Cigarettes 2.62Ivrcl Infrastructures & Projects Ltd Construction 1.15Larsen And Toubro Ltd Engineering 1.92LIC Housing Finance Ltd Finance 1.21Mahindra And Mahindra Ltd Automobiles 0.29Marico Ltd Personal Care 0.98

Mcnally Bharat Engineering Co Ltd Engineering 0.16NTPC Ltd Power Generation & Supply 0.63Oil & Natural Gas Corp Ltd Refineries 1.88Oriental Bank Of Commerce Banks 0.85Piramal Healthcare Limited Pharmaceuticals 0.46Punj Lloyd Ltd Construction 0.38Punjab National Bank Banks 0.84Reliance Industries Ltd Refineries 5.01Reliance Petroleum Ltd Petroleum 0.40Rural Electrification Corporation Ltd Finance 1.02Siemens India Ltd Electronics 0.20Simplex Infrastructures Ltd Construction 0.25Sintex Industries Ltd Diversified 1.02State Bank Of India Banks 2.36Sterlite Industries (India) Ltd Metal 1.00Sun Pharmaceutical Industries Ltd Pharmaceuticals 1.39Tata Chemicals Ltd Fertilizers 0.45Tata Power Co Ltd Power Generation & supply 0.60Television Eighteen India Ltd Entertainment 0.10Thermax Limited Engineering 0.20United Spirits Ltd Distilleries 0.51Voltas Limited Diversified 0.20Zee News Ltd Entertainment 0.56Corporate Bonds 29.71

Citifin Cons Fin I Ltd Nsembr+300Bps AA+ 0.668.40% Exim Bank 2010 AAA 3.708.55% HDFC Ltd. 2009 AAA 2.009.68% IRFC 2008 AAA 0.209.35% ILFS 2010 AAA 4.788.60% IDFC 2011 AAA 1.369.80% PFC 2012 AAA 1.4110.25% HDFC Ltd. 2012 AAA 3.579.50% HDFC Ltd. 2013 AAA 2.809.45% REC 2013 AAA 2.1010.9% Rural Elect Corp. 2013 AAA 2.368.95% IDFC 2018 AAA 4.77Cash Bank & Others 17.12NET ASSETS 100.00


Equity Corporate B onds Cash, B ank & O thers

53.16%

29.71%17.12%

17.12%

0.76% 3.85%

0.45%

0.66%

2.44%

1.00%

0.10%

0.69%

0.98%

0.76%

2.63%2.22%

6.89%3.33%

0.13%

29.71%

0.20%2.63%

0.51%

2.00%

2.82%

2.00%

2.62%12.30%

0.29%0.90%

AutomobilesCigarettesConstructionDiversifiedElectronicsEntertainmentFinanceMetalPaintsPetroleumPower Generation & SupplyTelecommunicationsCorporate Bonds

Auto AncillariesBanksComputers - SoftwareDistilleriesElectric EquipmentEngineeringFertilizersFinance & InvestmentsMetallurgical CokePersonal CarePharmaceuticalsRefineriesTransformersCash, Bank & Others


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Life StableGrowth Fund


PERFORMANCE - LIFE STABLE GROWTH FUND (NAV [in Rs.] as on 29-Apr-09 is 11.8300)

% to NAVSector

SECTOR STRATEGY


Banks 8.03

Cigarettes 1.83


Construction 1.61

Distilleries 0.44

Diversified 1.42

Electric Equipment 2.14Engineering 1.36

Entertainment 0.47

Fertilizers 0.29

Finance 2.02



NAVCalculation:

Tax Benefits:

FundManager:

To provide reasonable returns by investing in a mix of Equity and Fixed-Income instruments. The fund willmaintain low to medium risk profile with the equity investments ranging from 30% - 50% of the fund.

Daily


Mr. Vivek Sood

Equity 34.02ABB Ltd. Electric Equipment 0.28Action Construction Equipments Ltd. Construction 0.06Alstom Projects India Ltd. Engineering 0.10Areva T&D India Ltd. Electric Equipment 0.37Asian Paints (India) Ltd. Paints 0.63

Axis Bank Ltd. Banks 0.95Bank Of Baroda Ltd. Banks 0.75Bharat Heavy Electricals Ltd. Electric Equipment 0.76Bharti Airtel Ltd. Telecommunications 2.04Cesc Ltd. Power Generation & Supply 0.53Crompton Greaves Ltd. Electric Equipment 0.73Dishman Pharmaceuticals & Chemicals Ltd. Pharmaceuticals 0.09Elecon Engineering Co Ltd. Engineering 0.02Emco Ltd. Transformers 0.04Exide Industries Ltd. Auto Ancillaries 0.74Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.31Gujarat Nre Coke Ltd. Metallurgical Coke 0.07Gujarat State Petronet Ltd. Petroleum 0.15Hindustan Construction Co Ltd. Construction 0.10Hindustan Unilever Ltd. Diversified 0.67HDFC Bank Banks 2.01HDFC Ltd. Finance 1.18ICICI Bank Ltd. Banks 1.37Infosys Technologies Ltd. Computers - Software 1.72Infrastructure Dev Fin Co Ltd. Finance & Investments 0.66ITC Ltd. Cigarettes 1.83Ivrcl Infrastructures & Projects Ltd. Construction 0.72Jaiprakash Associates Ltd. Construction 0.18Larsen And Toubro Ltd. Engineering 1.10LIC Housing Finance Ltd. Finance 0.83Marico Ltd. Personal Care 0.70Mcnally Bharat Engineering Co Ltd. Engineering 0.05NTPC Ltd. Power Generation & Supply 0.27Oil & Natural Gas Corp Ltd. Refineries 1.23Oriental Bank Of Commerce Banks 0.45Punj Lloyd Ltd. Construction 0.33Punjab National Bank Banks 0.49Reliance Industries Ltd. Refineries 3.40Reliance Petroleum Ltd. Petroleum 0.16Simplex Infrastructures Ltd. Construction 0.20Sintex Industries Ltd. Diversified 0.64State Bank Of India Banks 1.46Sterlite Industries (India) Ltd. Metal 0.82Sun Pharmaceutical Industries Ltd. Pharmaceuticals 0.87Tata Chemicals Ltd. Fertilizers 0.29Television Eighteen India Ltd. Entertainment 0.06Thermax Limited Engineering 0.08Union Bank Of India Ltd. Banks 0.56United Spirits Ltd. Distilleries 0.44Voltas Limited Diversified 0.11Zee News Ltd. Entertainment 0.41Corporate Bonds 45.08Citifin Cons Fin I Ltd. Nsembr+300Bps AA+ 2.858.40% Exim Bank 2010 AAA 8.739.05% IDFC 2010 AAA 4.709.80% PFC 2012 AAA 6.089.50% HDFC MD 2013 AAA 3.639.45% REC 2013 AAA 12.1010.9% Rural Elect Corp. 2013 AAA 7.00Cash, Bank & Others 20.90NET ASSETS 100.00

InstrumentPORTFOLIO


% to NAVSectorMetal 0.82

Metallurgical Coke 0.07

Paints 0.63

Personal Care 0.70

Petroleum 0.30


Refineries 4.63Telecommunications 2.04

Transformers 0.04


Cash, B ank & Others 20.90

Total 100.00



Equity 34.02



NET ASSETS 100.00

ASSET ALLOCATION

7


Last 1 Month 31-Mar-09 11.0050 7.50% 8.75%

Last 3 Months 30-Jan-09 10.8430 9.10% 10.19%

Last 6 Months 31-Oct-08 10.5500 12.13% 12.58%

Last 1 Year 30-Apr-08 12.8660 -8.05% -7.57%

Since Inception 1-Jul-06 10.0000 18.30% 16.67%

Equity Corporate B onds Cash, B ank & Others

34.02%20.90%

45.08%

20.90%

45.08%

0.04%

2.04%

4.63%

1.27%

8.03%

0.74%

0.80%

1.83%

1.72%

1.61%

0.44%

1.42%

2.14%

1.36%0.47%0.29% 2.02%

0.66%

0.82%

0.07%

0.63%

0.70%

0.30%

Au to An ci ll ar ie s B an ksCigarettes Computers - SoftwareCons tr uction DistilleriesDi ver sif ie d E lec tr ic Eq ui pm en tEngineering EntertainmentFertilizers FinanceFinance & Investments Meta lMetal lu rg ic al C ok e Paint sPersonal Care Petr oleumPha rmac eu ti ca ls Power Generat ion& S upp lyRefineries TelecommunicationsTr an sf or me rs Co rp or at e B on dsCash,Bank& Others


8/32



NAV Calculation:

Tax Benefits:

FundManager:

The primary objective is to generate stable returns by investing in fixed income securities having maturitiesbetween 1 & 3 years.

Daily


Mr. Vivek Sood


PERFORMANCE -(NAV [in Rs.]& CRISIL Short-Term Bond Index as on 29-Apr-09 is 12.1440 and 1569.8357 respectively)

LIFE SHORT-TERM FIXED INCOME FUND

ASSET ALLOCATIONRATING PROFILE

MATURITY PROFILE

PERIOD DATE NAV CRISIL Short-Term Bond Index NAV Change INDEX Change

Last 1 Month 31-Mar-09 11.9540 1541.8147 1.59% 1.82%

Last 3 Months 30-Jan-09 11.7460 1525.5280 3.39% 2.90%

Last 6 Months 31-Oct-08 11.1370 1449.6068 9.04% 8.29%

Last 1 Year 30-Apr-08 10.9470 1415.0813 10.93% 10.94%

Since Inception 1-Jul-06 10.0000 1241.9973 21.44% 26.40%

Instrument

PORTFOLIO

ASSET ALLOCATION


CD/CP's 11.87


NET ASSETS 100.00

RATING % to NAV

AAA 68.58

P1+ 11.87


TOTAL 100.00

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Less than

1 Year

3-6 Years

8

Life Short-TermFixed Income Fund

% of NAVRating

% to NAV

1-3 Years

CD/CPs

Cash,Bank& Others

Corporate BondsAAA

P1+Cash, Bank & Others


9.10% HDFC Ltd. 2009 AAA 10.13

8.40% Exim Bank 2010 AAA 6.46

9.05% IDFC 2009 AAA 3.80

7.20% HDFC Ltd. 2010 AAA 20.36

9.68% IRFC 2010 AAA 6.55

8.60% IDFC 2011 AAA 5.23

9.45% LIC Housing 2012 AAA 12.01

9.50% HDFC 2013 AAA 4.03

CD/CP's 11.87

Canara Bank 2010 P1+ 11.87



NET ASSETS 100.00

19.56%

68.58%

11.87%

19.56%

11.87%

68.58%


9/32



NAVCalculation:

Tax Benefits:

FundManager:

The primary objective of the fund is to maximise the returns with medium to high risk.

Daily


Mr. Vivek Sood

9

Life GrowthMaximiser Fund

PERFORMANCE - LIFE GROWTH MAXIMISER FUND (NAV [in Rs.] as on 29-Apr-09 is 7.0300)

% to NAVASSET ALLOCATION

Equity 51.55



NET ASSETS 100.00

PERIOD DATE NAV NAV Change INDEX ChangeLast 1 Month 31-Mar-09 6.3950 9.93% 10.78%

Last 3 Months 30-Jan-09 6.3130 11.36% 14.59%

Last 6 Months 31-Oct-08 6.3840 10.12% 16.74%

Last 1 Year 30-Apr-08 9.1030 -22.77% -17.76%

Since Inception 15-Oct-07 10.0000 -29.70% -20.29%

% of NAV


InstrumentPORTFOLIO

Industry/RatingEquity 51.55ABB Ltd. Electric Equipment 0.36Action Construction Equipments Ltd. Construction 0.05Alstom Projects India Ltd. Engineering 0.10Areva T&D India Ltd. Electric Equipment 0.34Asian Paints (India) Ltd. Paints 0.98Axis Bank Ltd. Banks 1.17Bank Of Baroda Ltd. Banks 1.23Bharat Heavy Electricals Ltd. Electric Equipment 1.30Bharti Airtel Ltd. Telecommunications 3.00Cesc Ltd. Power Generation& Supply 0.98Crompton Greaves Ltd. Electric Equipment 1.17Elecon Engineering Co Ltd. Engineering 0.07Emco Ltd. Transformers 0.04Exide Industries Ltd. Auto Ancillaries 1.02Glaxosmithkline Consumer Healthcare Ltd. Pharmaceuticals 0.52Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.56Gujarat Nre Coke Ltd. Metallurgical Coke 0.05Hindustan Construction Co Ltd. Construction 0.05Hindustan Unilever Ltd. Diversified 1.23HDFC Bank Banks 3.11HDFC Ltd. Finance 1.27ICICI Bank Ltd. Banks 2.51Infosys Technologies Ltd. Computers - Software 2.21Infrastructure Dev Fin Co Ltd. Finance & Investments 0.72ITC Ltd. Cigarettes 2.18Ivrcl Infrastructures & Projects Ltd. Construction 1.17Jaiprakash Associates Ltd. Construction 0.15Larsen And Toubro Ltd. Engineering 1.66LIC Housing Finance Ltd. Finance 1.38Mahindra And Mahindra Ltd. Automobiles 0.08Marico Ltd. Personal Care 0.72Mcnally Bharat Engineering Co Ltd. Engineering 0.04Ntpc Ltd. Power Generation& Supply 1.11Oil & Natural Gas Corp Ltd. Refineries 2.45Oriental Bank Of Commerce Banks 0.82Punj Lloyd Ltd. Construction 0.49Punjab National Bank Banks 0.80Reliance Industries Ltd. Refineries 4.54Reliance Petroleum Ltd. Petroleum 0.16Siemens India Ltd. Electronics 0.06Simplex Infrastructures Ltd. Construction 0.74Sintex Industries Ltd. Diversified 1.17State Bank Of India Banks 2.28Sterlite Industries (India) Ltd. Metal 0.86Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1.34Tata Chemicals Ltd. Fertilizers 0.13Tata Power Co Ltd. Power Generation & Supply 0.47Television Eighteen India Ltd. Entertainment 0.08Thermax Limited Engineering 0.04

Union Bank Of India Ltd. Banks 0.86United Spirits Ltd. Distilleries 0.96Voltas Limited Diversified 0.08Zee News Ltd. Entertainment 0.69Corporate Bonds 19.468.40% Exim Bank 2010 AAA 8.556.98% IRFC 2012 AAA 2.098.83% IRFC 2012 AAA 6.609.50% HDFC 2013 AAA 2.22Cash, Bank & Others 28.99Cash, Bank & Others 28.99NET ASSETS 100.00


Sector

SECTOR STRATEGY


Automobiles 0.08Banks 12.79

Cigarettes 2.18


Construction 2.63

Distilleries 0.96

Diversified 2.49

Electric Equipment 3.18Electronics 0.06

Engineering 1.91

Entertainment 0.76

Fertilizers 0.13

Finance 2.65


% to NAV SectorMetal 0.86

Metallurgical Coke 0.05Paints 0.98

Personal Care 0.72

Petroleum 0.16


Refineries 6.99

Telecommunications 3.00Transformers 0.04



Total 100.00

% to NAV

ASSET ALLOCATION

Equity Corporate Bonds Cash, Bank & Others

19.46%

51.55% 28.99%

28.99%19.46%

0.04%

3.00%

6.99%

2.56%

2.42%

0.72%

0.08% 1.02%

0.16%

12.79%

2.18%

2.21%

2.63%

0.96%

2.49%

3.18%

0.06% 1.91% 0.76% 0.13%

2.65%

0.72%

0.86%

0.05%0.98%

Auto Ancillaries Automobiles Banks

Cigarettes Computers - Software ConstructionDistilleries Diversified Electric Equipment

Electronics Engineering Entertainment

Fertilizers Finance Finance & InvestmentsMetal Metallurgical Coke Paints

Personal Care Petroleum PharmaceuticalsPo we r G en era ti on & Su ppl y Re fi ne ri es Te le co mm un ic at ion s

Transformers Corporate Bonds Cash, Bank & Others


10/32


Life LargeCap Equity Fund

PERIOD DATE NAV S&P CNX NIFTY NAV Change INDEX ChangeLast 1 Month 31-Mar-09 5.7290 3020.95 14.35% 15.00%Last 3 Month 30-Jan-09 5.6740 2874.80 15.46% 20.84%Last 6 Month 31-Oct-08 5.9480 2885.60 10.14% 20.39%Last 1 Year 30-Apr-08 9.8610 5165.90 -33.57% -32.75%Since Inception 7-Jan-08 10.0000 6279.10 -34.49% -44.67%


NAVCalculation:

Tax Benefits:

FundManager:

The primary investment objective of the fund is to generate long-term capital appreciation from a portfolio that isinvested pre-dominantly in equity and equity linked securities.

Daily


Mr. Vivek Sood

10

PERFORMANCE - LIFE LARGE CAP EQUITY FUND (NAV [in Rs.] & S&P CNX NIFTY as on 29-Apr-09 is 6.5510 and 3473.95 respectively)


Equity 75.11


NET ASSETS 100.00

% of NAV


InstrumentPORTFOLIO

IndustryEquity 75.11

Action Construction Equipments Ltd. Construction 0.06

Alstom Projects India Ltd. Engineering 0.23Areva T&D India Ltd. Electric Equipment 0.31

Asian Paints (India) Ltd. Paints 0.68

Axis Bank Ltd. Banks 2.21

Bank Of Baroda Ltd. Banks 2.18Bharat Heavy Electricals Ltd. Electric Equipment 0.94

Bharti Airtel Ltd. Telecommunications 6.52

Cesc Ltd. Power Generation & Supply 1.34

Crompton Greaves Ltd. Electric Equipment 2.13

Dishman Pharmaceuticals & Chemicals Ltd. Pharmaceuticals 0.73

DLF Ltd. Construction 0.46

Elecon Engineering Co Ltd. Engineering 0.16

Emco Ltd. Transformers 0.12Exide Industries Ltd. Auto Ancillaries 1.37

Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.76

Gujarat Nre Coke Ltd. Metallurgical Coke 0.10

Gujarat State Petronet Ltd. Petroleum 0.41Hindustan Construction Co Ltd. Construction 0.25

Hindustan Unilever Ltd. Diversified 0.78

HDFC Bank Banks 4.58

HDFC Ltd. Finance 2.00ICICI Bank Ltd. Banks 3.19

Infosys Technologies Ltd. Computers - Software 2.43Infrastructure Dev Fin Co Ltd. Finance & Investments 1.51

ITC Ltd. Cigarettes 4.03Ivrcl Infrastructures & Projects Ltd. Construction 0.96

Larsen And Toubro Ltd. Engineering 2.64

LIC Housing Finance Ltd. Finance 1.22

Mahindra And Mahindra Ltd. Automobiles 0.36Mcnally Bharat Engineering Co Ltd. Engineering 0.13

Oil & Natural Gas Corp Ltd. Refineries 3.98

Oriental Bank Of Commerce Banks 1.14

Piramal Healthcare Limited Pharmaceuticals 0.72Punj Lloyd Ltd. Construction 0.77

Punjab National Bank Banks 1.82

Reliance Industries Ltd. Refineries 7.82

Reliance Petroleum Ltd. Petroleum 0.48Simplex Infrastructures Ltd. Construction 0.78

Sintex Industries Ltd. Diversified 1.26

State Bank Of India Banks 3.83

Sterlite Industries (India) Ltd. Metal 1.53Sun Pharmaceutical Industries Ltd. Pharmaceuticals 2.49

Tata Chemicals Ltd. Fertilizers 0.31

Television Eighteen India Ltd. Entertainment 0.06

Union Bank Of India Ltd. Banks 1.44United Spirits Ltd. Distilleries 1.04

Voltas Limited Diversified 0.19

Zee News Ltd. Entertainment 0.64

Cash, Bank & Others 24.89Cash, Bank & Others 24.89

NET ASSETS 100.00

Sector

SECTOR STRATEGY


Automobiles 0.36

Banks 20.40Cigarettes 4.03


Construction 3.28Distilleries 1.04

Diversified 2.23


Engineering 3.16Entertainment 0.70

Fertilizers 0.31

Finance 3.22

% to NAV SectorFinance & Investments 1.51

Metal 1.53

Metallurgical Coke 0.10Paints 0.68

Petroleum 0.89


Refineries 11.81


Transformers 0.12Cash, Bank & Others 24.89

Total 100.00

% to NAV


ASSET ALLOCATION

E qu it y Ca sh , B ank & O th er s

0.31%

3.22%

0.70%3.16%

3.38%

2.23%1.04%

3.28%

0.36% 4.71%

0.68%

0.89%

0.10%

1.51%

1.53%

1.34%

0.12%

1.37%

4.03%

2.43%

11.81%

6.52%

20.40%

24.89%

Auto Ancillaries Automobiles Banks

C ig are tt es C om pu te rs - S of tw are C on st ru ct io n

Distille ries Dive rsified Ele ctric Equipment

Engineering Entertainment Fertilizers

Finance Finance & Inve stments Me tal

Metallurgical Coke Paints Petroleum

Pharmaceuticals Power Generation & Supply Refineries

T el ec om mu ni ca ti on s T ra ns fo rm er s C as h, B an k & O th er s

75.11%

24.89%


11/32



NAVCalculation:

Tax Benefits:

FundManager:

The primary investment objective of the fund is to provide reasonable returns with low to medium risk.

Daily


Mr. Vivek Sood

11

Life GrowthEnabler Fund

PERFORMANCE - LIFE GROWTH ENABLER FUND

(NAV [in Rs.] as on 29-Apr-09 is 8.9540)


Equity 35.04



NET ASSETS 100.00


Last 1 Month 31-Mar-09 8.4390 6.10% 7.76%

Last 3 Months 30-Jan-09 8.5220 5.07% 10.12%

Last 6 Months 31-Oct-08 8.5060 5.27% 14.14%

Last 1 Year 30-Apr-08 10.2070 -12.28% -7.06%

Since Inception 15-Oct-07 10.0000 -10.46% -7.12%

% of NAV


InstrumentPORTFOLIO

Rating

Sector

SECTOR STRATEGY


Banks 8.23

Cement 0.27

Cigarettes 1.71


Diversified 1.46


Engineering 1.26

Finance 1.64


Metal 0.54Metallurgical Coke 0.09

Paints 0.58

Petroleum 0.20

Pharmaceuticals 2.53

Power Generation & Supply 2.26

Refineries 4.68

Telecommunications 2.10Transmisson L ine T owers 0.64


Cash, Bank & Others 43.44Total 100.00

% to NAV

Equity 35.04


Ambuja Cements Ltd. Cement 0.27Areva T&D India Ltd. Electric Equipment 0.36



Bank Of Baroda Ltd. Banks 0.86

Bharat Electronics Ltd. Electric Equipment 0.63

Bharat Heavy Electricals Ltd. Electric Equipment 0.82


Cesc Ltd. Power Generation & Supply 0.77



Exide Industries Ltd. Auto Ancillaries 0.68

GlaxosmithklineConsumer Healthcare Ltd. Pharmaceuticals 0.68


Gujarat Nre Coke Ltd. Metallurgical Coke 0.09

Hindustan Construction Co Ltd. Construction 0.05



HDFC Ltd. Finance 0.97ICICI Bank Ltd. Banks 1.58

Infosys Technologies Ltd. Computers - Software 1.49

Infrastructure Dev Fin Co Ltd. Finance & Investments 0.63

ITC Ltd. Cigarettes 1.71

Ivrcl Infrastructures & Projects Ltd. Construction 0.78

Jaiprakash Associates Ltd. Construction 0.11

Jyoti Structures Ltd. Transmisson Line Towers 0.64


NTPC Ltd. Power Generation & Supply 0.91

Oil & Natural Gas Corp Ltd. Refineries 1.71

Oriental Bank Of Commerce Banks 0.86

Punjab National Bank Banks 0.55

Reliance Industries Ltd. Refineries 2.97

Reliance Petroleum Ltd. Petroleum 0.20

Rural Electrification Corporation Ltd. Finance 0.68

Simplex Infrastructures Ltd. Construction 0.17

Sintex Industries Ltd. Diversified 0.69State Bank Of India Banks 1.47

Sterlite Industries (India) Ltd. Metal 0.54

Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1.26

Tata PowerCo Ltd. Power Generation& Supply 0.59


9.39% GOI 2011 Sovereign 21.52



NET ASSETS 100.00

ASSET ALLOCATION

Equity Government Securities Cash, Bank & Others


35.04%

21.52%

43.44%

Auto AncillariesCementComputers- SoftwareDiversifiedEngineeringFinance& InvestmentsMetallurgicalCoke

PetroleumPowerGeneration& SupplyTelecommunicationsGovernment Securities

BanksCigarettesConstructionElectricEquipmentFinanceMetalPaints

PharmaceuticalsRefineriesTransmisson LineTowersCash, Bank& Others

1.49%

1.64%1.26%

2.86%1.46%

1.18%

1.71%

0.27%

8.23%

0.68%

0.63%0.54%0.09%0.58%

0.20%2.53%

2.26%4.68%

2.10%

0.64%

21.52%

43.44%


12/32



NAVCalculation:

Tax Benefits:

FundManager:

The key objective of the fund is to protect the capital by investing in high quality fixed-income securities and, at thesame time, provide access to the upside potential of equities by investing a maximumof 15% in equities and equity-linked instruments.

Daily


Mr. Vivek Sood

12

Life CapitalGuarantee Fund

PERFORMANCE - LIFE CAPITAL GUARANTEE FUND (NAV [in Rs.] as on 29-Apr-09 is 11.1460))




NET ASSETS 100.00


Last 1 Month 31-Mar-09 10.9390 1.89% 4.75%

Last 3 Months 30-Jan-09 10.7450 3.73% 5.66%

Last 6 Months 31-Oct-08 10.1100 10.25% 11.53%

Last 1 Year 30-Apr-08 10.1170 10.17% 3.65%

Since Inception 15-Oct-07 10.0000 11.46% 6.05%

% of NAV


InstrumentPORTFOLIO

RatingCorporate Bonds 73.90

8.40% Exim Bank 2010 AAA 26.00

7.20% HDFC 2010 AAA 10.249.45% LIC Housing 2012 AAA 26.84

9.50% HDFC 2013 AAA 10.82



NET ASSETS 100.00

ASSET ALLOCATION

Rating

AAA 73.90Cash, Bank & Others 26.10Total 100.00

% to NAV

Rating Profile

MATURITY PROFILE

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Less than

1 Year

3-6 Years1-3 Years

Corporate Bonds Cash, Bank & OthersAAA Cash, Bank & Others

26.10%

73.90%73.90%

26.10%


13/32



NAVCalculation:

Tax Benefits:

FundManager:

Investment Pattern:

The primary investment objective of the fund is to provide income distribution over a period of medium to longterm while at all times emphasizing the importance of capital appreciation.

Daily

Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sumreceived under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments madetherein from time to time.

Mr. Vivek Sood

Equity - 60% - 100%Cash/Money Market - up to 40%

13

Life SelectEquity Fund

PERFORMANCE - LIFE SELECT EQUITY FUND (NAV [in Rs.]as on 29-Apr-09 is 11.3020)

% of NAVASSET ALLOCATIONEquity 61.21


NET ASSETS 100.00

SECTORWISE BREAKUP% of NAVInstrumentPORTFOLIO

IndustryEquity 61.21ABB Ltd. Electric Equipment 0.84


Bharat Electronics Ltd. Electric Equipment 0.93Bharat Heavy Electricals Ltd. Electric Equipment 0.34

Bharti Airtel Ltd. Telecommunications 5.22Colgate-Palmolive (India) Ltd. Cosmetics & toiletries 0.99

Container Corp Of India Ltd. Transport support services 0.79

Crompton Greaves Ltd. Electric Equipment 2.50Dishman Pharmaceuticals & Chemicals Ltd.Pharmaceuticals 0.91


Gail India Ltd. Gas distribution 0.89Glaxosmithkline Consumer Healthcare Ltd.Pharmaceuticals 0.06

Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.12Hero Honda Motors Ltd. Automobile 1.02


Infosys Technologies Ltd. Computers - Software 3.14Ivrcl Infrastructures & Projects Ltd. Construction 2.20

Jyoti Structures Ltd. TransmissonLine Towers 1.61Larsen And Toubro Ltd. Engineering 4.88

Lupin Ltd. Pharmaceuticals 1.99

Mahindra And Mahindra Ltd. Automobiles 0.85

Marico Ltd. Personal Care 0.48NTPC Ltd. Power Generation & Supply 2.37Oil & Natural Gas Corp Ltd. Refineries 4.50

Punj Lloyd Ltd. Construction 0.80

Reliance Industries Ltd. Refineries 8.77Steel Authority Of India Ltd. Steel 0.57

Sterlite Industries (India) Ltd. Metal 1.71

Sun Pharmaceutical Industries Ltd. Pharmaceuticals 2.39Tata Power Co Ltd. Power Generation & Supply 0.93

Ultratech Cement Ltd. Cement 0.79United Phosphorus Ltd. Trading 0.80


Cash, Bank & Others 38.79NET ASSETS 100.00

Sector

SECTOR STRATEGY

Auto Ancillaries 1.80Automobile 1.02Automobiles 0.85Cement 0.79Computers - Software 3.14Construction 3.01Cosmetics & Toiletries 0.99

Diversified 3.09Electric Equipment 4.61Engineering 4.88Gas Distribution 0.89Metal 1.71Paints 1.93Personal Care 0.48Pharmaceuticals 6.48Power Generation & Supply 3.30Refineries 13.26Steel 0.57Telecommunications 5.22Trading 0.80Transmisson Line Towers 1.61Transport Support Services 0.79


% to NAV

ASSET ALLOCATION

Equity Cash, Bank & Others

38.79% 0.79% 1.61%1.80%

1.02%

0.85%

0.79%

3.14%3.01%

0.99%3.09%

4.61%0.89%

4.88%

1.71%1.93%

0.48%6.48%

5.22%

0.57%

13.26%

3.30%

0.80%

38.79%

61.21%

AutomobileCementConstructionDiversifiedEngineeringMetalPersonal CarePower Generation & SupplySteelTradingTransport support services

Auto AncillariesAutomobilesComputers - SoftwareCosmetics & toiletriesElectric EquipmentGas distributionPaintsPharmaceuticalsRefineriesTelecommunicationsTransmisson Line TowersCash, Bank & Others


14/32



NAVCalculation:

Tax Benefits:

FundManager:

The key objective of the fund is to provide steady returns to the policyholder with the assurance of protectingthe capital at least 110% of the capital.

Daily


Mr. Vivek Sood

14

110% CapitalGuarantee Fund




Net Assets 100.00

ASSET ALLOCATION

Rating


% to NAV

Rating Profile


% of NAVInstrumentPORTFOLIO


8.40% Exim Bank 2010 AAA 18.84


9.20% Power Grid 2015 AAA 16.37



Net Assets 100.00

PERFORMANCE - 110% CAPITAL GUARANTEE FUND (NAV [in Rs.]as on 29-Apr-09 is 10.5130)

MATURITY PROFILE

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Less than

1 Year

3-6 Years1-3 Years

32.38%

67.62%

67.62%

32.38%


15/32



NAVCalculation:

Tax Benefits:

FundManager:

Fund will invest primarily in select stocks and equity linked instruments which are a part of Nifty 50 Index witha focus on generating long term capital appreciation. The Fund will not replicate the index but aim to attain performance better thanthe performance of the Index.

Daily


Mr. Vivek Sood

15

Tata AIGTop 50

PERFORMANCE - TATA-AIG TOP 50 (NAV [in Rs.]as on 29-Apr-09 is 11.4490)

Sector

SECTOR STRATEGY

% to NAV

Automobiles 0.25Banks 16.72Cement 0.17Cigarettes 3.55Computers - Software 4.01Construction 0.43Diversified 2.21Electric Equipment 2.45Engineering 2.75Finance 2.52Metal 0.68Pharmaceuticals 3.20Power Generation & Supply 6.41Refineries 13.49Steel 1.37Telecommunications 6.76Cash, Bank & Others 33.02Total 100.00

Equity 66.98Abb Ltd. Electric Equipment 0.71Ambuja Cements Ltd. Cement 0.17Axis Bank Ltd. Banks 1.16Bharat Heavy Electricals Ltd. Electric Equipment 1.21Bharti Airtel Ltd. Telecommunications 6.76Dlf Ltd. Construction 0.43HCL Technologies Ltd. Computers - Software 0.54Hindustan Unilever Ltd. Diversified 2.21HDFC Bank Banks 5.05

HDFC Ltd. Finance 2.52ICICI Bank Ltd. Banks 2.60Infosys Technologies Ltd. Computers - Software 3.47ITC Ltd. Cigarettes 3.55Larsen And Toubro Ltd. Engineering 2.75Mahindra And Mahindra Ltd. Automobiles 0.25NTPC Ltd. Power Generation & Supply 2.78Oil & Natural Gas Corp Ltd. Refineries 4.06Power Grid Corp Of India Ltd. Power Generation & Supply 1.35Punjab National Bank Banks 2.69Reliance Industries Ltd. Refineries 9.43Reliance Infrastructure Power Generation & Supply 1.16State Bank Of India Banks 5.21Steel Authority Of India Ltd. Steel 1.37

Sterlite Industries (India) Ltd. Metal 0.68Sun Pharmaceutical Industries Ltd. Pharmaceuticals 3.20Suzlon Energy Ltd. Electric Equipment 0.53Tata Power Co Ltd. Power Generation & Supply 1.12Cash, Bank & Others 33.02Cash, Bank & Others 33.02Net Assets 100.00

InstrumentPORTFOLIO

Rating % of NAV


Equity 66.98

Cash, Bank & Others 33.02Net Assets 100.00

SECTORWISE BREAKUP

Asset Allocation


0.17%

3.55% 0.43%

4.01%

16.72%

0.25%

2.21%

2.45%2.75%

2.52%

0.68%

3.20%

6.41%

13.49%1.37%

6.76%

33.02%

33.02%

66.98%

AutomobilesCementComputers - SoftwareDiversifiedEngineeringMetalPower Generation & SupplySteel

BanksCigarettesConstructionElectric EquipmentFinancePharmaceuticalsRefineriesTelecommunications

Cash,Bank& Others


16/32



NAVCalculation:

Tax Benefits:

FundManager:

Fund will invest primarily in select stocks and equity linked instruments which are a part of BSE 200 Index witha focus on generating long-term capital appreciation. The Fund will not replicate the index but aim to attain performance better thanthe performance of the Index.

Daily


Mr. Vivek Sood

16

Tata AIGTop 200

PERFORMANCE - TATA AIG TOP 200 (NAV [in Rs.]as on 29-Apr-09 is 11.7280)


Equity 65.57


Net Assets 100.00

Sector

SECTOR STRATEGY

% to NAV

Auto Ancillaries 1.04Automobiles 0.84Banks 20.16Cigarettes 3.80Computers - Software 2.17Construction 0.27Distilleries 0.81Diversified 2.81Electric Equipment 3.05Engineering 3.53Entertainment 0.39

Finance 4.29Metal 0.59Paints 1.02Pharmaceuticals 4.24Power Generation & Supply 3.42Refineries 7.17Steel 0.72Telecommunications 4.54Trading 0.33Transport support services 0.39Cash, Bank & Others 34.43Total 100.00

Equity 65.57ABB Ltd. Electric Equipment 0.70Asian Paints (India) Ltd. Paints 1.02Axis Bank Ltd. Banks 1.92Bank Of Baroda Ltd. Banks 1.31Bank Of India Banks 0.88Bharat Electronics Ltd. Electric Equipment 0.96Bharat Heavy Electricals Ltd. Electric Equipment 0.24Bharti Airtel Ltd. Telecommunications 4.54Cesc Ltd. Power Generation & Supply 0.94Container Corp Of India Ltd. Transport support services 0.39Crompton Greaves Ltd. Electric Equipment 1.15Exide Industries Ltd. Auto Ancillaries 1.04Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.75Hindustan Unilever Ltd. Diversified 1.89

HDFC Bank Banks 5.05HDFC Ltd. Finance 1.98ICICI Bank Ltd. Banks 2.54Infosys Technologies Ltd. Computers - Software 2.17ITC Ltd. Cigarettes 3.80Larsen And Toubro Ltd. Engineering 3.53LIC Housing Finance Ltd. Finance 1.36Lupin Ltd. Pharmaceuticals 0.82Mahindra And Mahindra Ltd. Automobiles 0.84NTPC Ltd. Power Generation & Supply 0.98Oil & Natural Gas Corp Ltd. Refineries 1.99Oriental Bank Of Commerce Banks 0.94Piramal Healthcare Limited Pharmaceuticals 0.47Punj Lloyd Ltd. Construction 0.27Punjab National Bank Banks 2.33Reliance Industries Ltd. Refineries 5.18Reliance Infrastructure Power Generation & Supply 0.60Rural Electrification Corporation Ltd. Finance 0.95Sintex Industries Ltd. Diversified 0.92State Bank Of India Banks 3.67

Steel Authority Of India Ltd. Steel 0.72Sterlite Industries (India) Ltd. Metal 0.59Sun Pharmaceutical Industries Ltd. Pharmaceuticals 2.20Tata Power Co Ltd. Power Generation & Supply 0.90Union Bank Of India Ltd. Banks 1.50United Phosphorus Ltd. Trading 0.33United Spirits Ltd. Distilleries 0.81Zee Entertainment Enterprises Ltd. Entertainment 0.39Cash, Bank & Others 34.43Cash, Bank & Others 34.43Net Assets 100.00

InstrumentPORTFOLIO

Rating % of NAV

Asset Allocation


SECTOR-WISE BREAKUP

34.43%65.57%

2.17%

0.27%

0.81%

2.81%

3.05%

3.53%

34.43%

3.80%

1.04%

20.16%

0.84%

4.29% 0.39%

0.59%

1.02%

4.24%3.42%

0.72%

7.17%

4.54%

0.33%

0.39%

Auto Ancillaries Automobiles BanksCigarettes Computers - Software ConstructionDistilleries Diversified Electric EquipmentEngineering Entertainment FinanceMetal Paints PharmaceuticalsPower Generation & Supply Refineries SteelTelecommunications Trading Transport support servicesCash,Bank &Others


17/32



NAVCalculation:

Tax Benefits:

FundManager:

It is a Equity Oriented Balanced Fund which primarily invests in large cap equity stocks and equity linkedinstruments along with Government Bonds and highly rated Fixed Income Instruments, with an objective to maximize the returns withmedium to high risk.The fund endeavors to offer long term capital appreciation along with the stable returns over a long period of time.

Daily


Mr. Vivek Sood

17

Tata AIGAggressive Flexi Fund

PERFORMANCE - TATA AIG AGGRESSIVE FLEXI FUND (NAV [in Rs.]as on 29-Apr-09 is 10.1760)




Net Assets 100.00






Net Assets 100.00

Rating


% to NAV

Asset Allocation

Corporate Bonds Cash, Bank & Others

Rating Profile

AAA Cash, Bank & Others

MATURITY PROFILE

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Less than 1 Year 1-3 Years

77.49%

22.51%

22.51%

77.49%


18/32



NAVCalculation:

Tax Benefits:

FundManager:

It is a Debt Oriented Balanced Fund which primarily invests in Government Bonds and highly rated Fixed IncomeInstruments with some exposure to large cap equity stocks and equity linked instruments, with an objective to maximize the returns withlow to medium risk. The fund endeavors to offer stable returns alongwith some capital appreciation over a long period of time.

Daily


Mr. Vivek Sood

18

Tata AIGStable Flexi Fund

PERFORMANCE - TATA AIG STABLE FLEXI FUND (NAV [in Rs.]as on 29-Apr-09 is 10.2380)




Net Assets 100.00






Net Assets 100.00

Rating


% to NAV

Asset Allocation


Rating Profile


MATURITY PROFILE

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%


62.12%

37.88%

37.88%

62.12%


19/32



NAVCalculation:

Tax Benefits:

FundManager:

The objective of the scheme is to invest in Government Bonds and highly rated Fixed Income instruments. Theprimary objective of the Fund is to conserve capital while generating income by investing in short to medium term debt instruments ofvarious maturities.

Daily


Mr. Vivek Sood

19

Tata AIGBond Fund

PERFORMANCE - TATA AIG BOND FUND (NAV [in Rs.]as on 29-Apr-09 is 10.3940)




Net Assets 100.00






Net Assets 100.00

Rating


% to NAV

Asset Allocation


Rating Profile


MATURITY PROFILE

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%


38.24%

61.76%

61.76%

38.24%


20/32



NAVCalculation:

Tax Benefits:

FundManager:

Investment Pattern:

The objective of the scheme is to invest in Government Bonds and highly rated Fixed Income instruments.The primary objective of the Fund is to conserve capital while generating income by investing in short to medium term debtinstruments of various maturities.

Daily


Mr. Vivek Sood

Debt - 0 - 100%Money Market - u p to 100%

20

Tata AIG ApexInvestment Fund

PERFORMANCE - TATA AIG APEX INVESTMENT FUND (NAV [in Rs.]as on 29-Apr-09 is 10.0380)


CD/CP's 29.56

Treasury Bills 32.60


Net Assets 100.00


RatingCD/CP's 29.56

State Bank of Patiala 2009 - CD P1+ 9.13

ICICI Bank 2009 - CD P1+ 9.87

National Housing Bank 2009 - CP P1+ 10.56

Treasury Bills 32.60

91 Days - 08 May 2009 13.73

91 Days - 05 Jun 2009 18.86Cash, Bank & Others 37.85


Net Assets 100.00

Rating

P1+ 29.56Treasury Bills 32.60Cash, Bank & Others 37.85Total 100.00

% to NAV

Asset Allocation Rating Profile

MATURITY PROFILE

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Less than 1 Year

CD/CP's Treasury B ills Cash, B ank & Others P1+ Treasury Bil ls Cash, Bank & Others

37.85%

32.60%

29.56%

29.56%

32.60%37.85%


21/32



PERFORMANCE - WHOLE LIFE AGGRESSIVE GROWTH FUND (NAV [in Rs.]as on 29-Apr-09 is 10.0420)


NAV Calculation:

Tax Benefits:

FundManager:

The primary investment objective of the fund is to maximise the returns with medium to high risk.

Daily


Mr. Vivek Sood

InstrumentPORTFOLIO



Last 3 Months 30-Jan-09 8.9920 11.68% 14.59%

Last 6 Months 31-Oct-08 8.8920 12.93% 16.74%

Last 1 Year 30-Apr-08 12.1470 -17.33% -17.76%

Since Inception 8-Jan-07 10.0000 0.42% -0.83%

Equity 51.05ABB Ltd. Electric Equipment 0.38Aia Engineering Ltd. Miscellaneous - Medium / Small 0.25Alstom Projects India Ltd. Engineering 0.14Asian Paints (India) Ltd. Paints 0.96Axis Bank Ltd. Banks 1.38Bank Of Baroda Ltd. Banks 1.27Beml Ltd. Engineering 0.08Bharat Electronics Ltd. Electric Equipment 0.44Bharat Heavy Electricals Ltd. Electric Equipment 1.08Bharti Airtel Ltd. Telecommunications 3.15Cesc Ltd. Power Generation & Supply 0.97Colgate-Palmolive (India) Ltd. Cosmetics & Toiletries 0.74Crompton Greaves Ltd. Electric Equipment 1.24Dishman Pharmaceuticals& Chemicals Ltd. Pharmaceuticals 0.41Elecon Engineering Co Ltd. Engineering 0.13Emco Ltd. Transformers 0.13Exide Industries Ltd. Auto Ancillaries 0.97Glaxosmithkline Consumer Healthcare Ltd. Pharmaceuticals 0.79Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.70Great Offshore Ltd. Ship breaking/repairing 0.14Gujarat State Petronet Ltd. Petroleum 0.46Hindustan Construction Co Ltd. Construction 0.10Hindustan Unilever Ltd. Diversified 0.75HDFC Bank Banks 2.73HDFC Ltd. Finance 0.80ICICI Bank Ltd. Banks 1.93Infosys Technologies Ltd. Computers - Software 1.64Infrastructure Dev Fin Co Ltd. Finance & Investments 0.51ITC Ltd. Cigarettes 2.33

Ivrcl Infrastructures & Projects Ltd. Construction 1.11Jaiprakash Associates Ltd. Construction 0.25Larsen And Toubro Ltd. Engineering 1.64Lic Housing Finance Ltd. Finance 1.42Mahindra And Mahindra Ltd. Automobiles 0.13Marico Ltd. Personal Care 0.95Ntpc Ltd. Power Generation & Supply 1.77Oil & Natural Gas Corp Ltd. Refineries 2.28Oriental Bank Of Commerce Banks 1.02Piramal Healthcare Limited Pharmaceuticals 0.60Punj Lloyd Ltd. Construction 0.54Punjab National Bank Banks 0.81Reliance Industries Ltd. Refineries 4.48Reliance Petroleum Ltd. Petroleum 0.31Shree Cement Ltd. Cement 0.36Simplex Infrastructures Ltd. Construction 0.23Sintex Industries Ltd. Diversified 1.19State Bank Of India Banks 2.28Sterlite Industries (India) Ltd. Metal 0.86Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1.29Tata Chemicals Ltd. Fertilizers 0.24Union Bank Of India Ltd. Banks 0.72

Corporate Bonds 23.379.05% IDFC 2010 AAA 3.3511.75% Rural Electric Corp Ltd 2011 AAA 3.428.60% IDFC 2011 AAA 1.609.20% HDFC Ltd 2012 AAA 4.066.98% IRFC 2012 AAA 6.969.50%HDFC 2013 AAA 2.1410.90% Rural Electric Corp. 2013 AAA 1.218.95% IDFC 2018 AAA 0.64Cash, Bank & Others 25.57Cash, Bank & Others 25.57Net Assets 100.00

SECTOR STRATEGY

% to NAVSector

Auto Ancillaries 0.97Automobiles 0.13Banks 12.14Cement 0.36Cigarettes 2.33Computers - Software 1.64Construction 2.22Cosmetics & toiletries 0.74Diversified 1.94Electric Equipment 3.14Engineering 1.99Fertilizers 0.24

Finance 2.22Finance & Investments 0.51Metal 0.86Miscellaneous - Medium / Small 0.25Paints 0.96Personal Care 0.95Petroleum 0.77Pharmaceuticals 3.78Power Generation & Supply 2.74Refineries 6.76Ship breaking/repairing 0.14Telecommunications 3.15Transformers 0.13Corporate Bonds 23.37Cash, Bank & Others 25.57Total 100.00

21

Whole LifeAggressive Growth Fund

ASSET ALLOCATION


% to NAVASSET ALLOCATIONEquity 51.05



Net Assets 100.00


1.64%2.33%

0.36%

12.14%

0.13%

0.97%

1.94%

0.14% 3.15% 0.13%

3.14%

1.99%

0.24%2.22%0.51%

0.86%0.25%

0.96%

0.74%

2.22%

0.95%0.77%

3.78%

2.74%

6.76%

23.37%

25.57%

AutomobilesCementComputers- Software

Cosmetics& toiletriesElectricEquipmentFertilizersFinance& InvestmentsMiscellaneous- Medium/ SmallPersonalCarePharmaceuticalsRefineriesTelecommunicationsCorporateBondsAuto AncillariesBanksCigarettesConstructionDiversifiedEngineeringFinanceMetalPaintsPetroleumPower Generation &SupplyShip breaking/repairingTransformersCash,Bank &Others

51.05%23.37%

25.57%


22/32


Whole LifeIncome Fund


NAVCalculation:

Tax Benefits:

FundManager:

The primary investment objective of the fund is to generate income through investing in a range of debt andmoney market instruments of various maturities with a view to maximising the optimal balance between yield, safety and liquidity.The Fund will have no investments in equity or equity-linked instruments at any point of time.

Daily


Mr. Vivek Sood

PERFORMANCE - WHOLE LIFE INCOME FUND(NAV [in Rs.]& CRISIL Composite Bond Fund Index as on 29-Apr-09 is 11.5250 and 1549.5941 respectively)

RATING

AAA 66.30

Cash Bank & Others 33.70

% to NAV

Total 100.00


PERIOD DATE NAV CRISIL Composite Bond Fund Index NAV Change INDEX Change

Last 1 Month 31-Mar-09 11.3130 1505.3334 1.87% 2.94%

Last 3 Months 30-Jan-09 11.0800 1504.7636 4.02% 2.98%

Last 6 Months 31-Oct-08 10.4690 1409.0856 10.09% 9.97%

Last 1 Year 30-Apr-08 10.3770 1407.7449 11.06% 10.08%

Since Inception 8-Jan-07 10.0000 1298.7900 15.25% 19.31%



Cash Bank & Others 33.70Net Assets 100.00


22


Instrument

PORTFOLIO


8.40% Exim Bank 2010 AAA 13.95

9.05% IDFC 2009 AAA 7.36

7.20% HDFC 2010 AAA 5.28

8.60% IDFC 2011 AAA 10.85

9.45% LIC Housing 2012 AAA 22.1510.00% PFC 2012 AAA 1.13

9.50% HDFC 2013 AAA 5.58


Cash Bank & Others 33.70

Net Assets 100.00

% of NAVRatingMATURITY PROFILE

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Less than 1 Year 1-3 Years 3-6 Years

33.70%

66.30%66.30%

33.70%


23/32




PERFORMANCE - WHOLE LIFE STABLE GROWTH FUND (NAV [in Rs.]as on 29-Apr-09 is 10.1310)


NAV Calculation:

Tax Benefits:

FundManager:

The primary investment objective of the Fund is provide reasonable returns with low to medium risk.

Daily


Mr. Vivek Sood

InstrumentPORTFOLIO

Rating % of NAV


Last 3 Months 30-Jan-09 9.4020 7.75% 10.12%

Last 6 Months 31-Oct-08 9.1110 11.20% 14.14%

Last 1 Year 30-Apr-08 10.8580 -6.70% -7.06%

Since Inception 8-Jan-07 10.0000 1.31% 6.91%

Equity 30.93ABB Ltd. Electric Equipment 0.15Aia Engineering Ltd. Miscellaneous - Medium / Small 0.10Alstom Projects India Ltd. Engineering 0.07Asian Paints (India) Ltd. Paints 0.50Axis Bank Ltd. Banks 0.69Bank Of Baroda Ltd. Banks 0.74

Beml Ltd. Engineering 0.02Bharat Electronics Ltd. Electric Equipment 0.32Bharat Heavy Electricals Ltd. Electric Equipment 0.68Bharti Airtel Ltd. Telecommunications 1.94Cesc Ltd. Power Generation & Supply 0.53Colgate-Palmolive (India) Ltd. Cosmetics & toiletries 0.49Crompton Greaves Ltd. Electric Equipment 0.74Dishman Pharmaceuticals& Chemicals Ltd. Pharmaceuticals 0.21Elecon Engineering Co Ltd. Engineering 0.04Emco Ltd. Transformers 0.04Exide Industries Ltd. Auto Ancillaries 0.64Glaxosmithkline Consumer Healthcare Ltd. Pharmaceuticals 0.43Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.28Great Offshore Ltd. Ship breaking/repairing 0.05Gujarat State Petronet Ltd. Petroleum 0.30Hindustan Construction Co Ltd. Construction 0.04Hindustan Unilever Ltd. Diversified 0.61HDFC Bank Banks 1.76HDFC Ltd. Finance 0.71ICICI Bank Ltd. Banks 1.36Infosys Technologies Ltd. Computers - Software 0.86Infrastructure Dev Fin Co Ltd. Finance & Investments 0.51

ITC Ltd. Cigarettes 1.27Ivrcl Infrastructures & Projects Ltd. Construction 0.66Jaiprakash Associates Ltd. Construction 0.07Larsen And Toubro Ltd. Engineering 0.91Lic Housing Finance Ltd. Finance 0.75Mahindra And Mahindra Ltd. Automobiles 0.20Marico Ltd. Personal Care 0.56Ntpc Ltd. Power Generation & Supply 1.08Oil & Natural Gas Corp Ltd. Refineries 1.34Oriental Bank Of Commerce Banks 0.47Piramal Healthcare Limited Pharmaceuticals 0.36Punj Lloyd Ltd. Construction 0.30Punjab National Bank Banks 0.54Reliance Industries Ltd. Refineries 2.52Reliance Petroleum Ltd. Petroleum 0.17Shree Cement Ltd. Cement 0.28Simplex Infrastructures Ltd. Construction 0.27Sintex Industries Ltd. Diversified 0.65State Bank Of India Banks 1.32Sterlite Industries (India) Ltd. Metal 0.42Sun Pharmaceutical Industries Ltd. Pharmaceuticals 0.73Tata Chemicals Ltd. Fertilizers 0.14Union Bank Of India Ltd. Banks 0.51United Spirits Ltd. Distilleries 0.58Corporate Bonds 39.348.40% Exim Bank 2010 AAA 10.527.20% HDFC 2010 AAA 8.299.05% IDFC 2010 AAA 3.196.98% IRFC 2012 AAA 3.099.50% HDFC 2013 AAA 3.289.20% Power Grid 2015 AAA 10.97Cash, Bank & Others 29.73Cash, Bank & Others 29.73Net Asset 100.00

23

Whole LifeStable Growth Fund

% to NAVASSET ALLOCATIONEquity 30.93



Net Asset 100.00

SECTOR STRATEGY

% to NAVSector

Auto Ancillaries 0.64Automobiles 0.20Banks 7.39Cement 0.28Cigarettes 1.27Computers - Software 0.86Construction 1.34Cosmetics & toiletries 0.49Distilleries 0.58Diversified 1.26Electric Equipment 1.89Engineering 1.05Fertilizers 0.14Finance 1.47

Finance & Investments 0.51Metal 0.42Miscellaneous - Medium / Small 0.10Paints 0.50Personal Care 0.56Petroleum 0.47Pharmaceuticals 2.00Power Generation & Supply 1.61Refineries 3.85Ship breaking/repairing 0.05Telecommunications 1.94Transformers 0.04Corporate Bonds 39.34Cash, Bank & Others 29.73Net Assets 100.00

ASSET ALLOCATION


30.93% 39.34%

29.73%

29.73%39.34%

0.04%1.94%

0.05%

1.89%1.26%

0.58%

7.39%

0.64%

0.28%

0.10%0.42%

0.51%

0.20%

1.27%

1.34%

0.49%

0.86%

1.05%1.47%

0.14%0.50%

0.56%0.47%

1.61%

2.00%

3.85%

AutomobilesCement

Computers-SoftwareCosmetics& toiletries

DiversifiedEngineeringFinance

MetalPaintsPetroleum

PowerGeneration& SupplyShipbreaking/repairing

Transformers

AutoAncillariesBanks

CigarettesConstruction

DistilleriesElectricEquipmentFertilizers

Finance&InvestmentsMiscellaneous-Medium/ SmallPersonalCare

PharmaceuticalsRefineries

TelecommunicationsC or po ra te Bo nd s C as h, Ba nk & O th er s


24/32

Sector

SECTOR STRATEGY

% to NAV


Whole LifeMid-Cap Equity Fund


NAVCalculation:

Tax Benefits:

FundManager:

The primary investment objective of the fund is to generate longterm capital appreciation from a portfolio thatis invested pre-dominantly in Mid Cap Equity and Mid Cap Equity linked securities.

Daily

Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, anysum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendmentsmade therein from time to time.

Mr. Vivek Sood

ASSET ALLOCATION


Equity 72.77

CD/CP's 6.32


Net Asset 100.00

PERFORMANCE - WHOLE LIFE MID-CAP EQUITY FUND (NAV [in Rs.]& NSE CNX MID-CAPas on 29-Apr-09 is 7.0630 and 3860.80 respectively)

PERIOD DATE NAV NSE CNX MID-CAP NAV Change INDEX Change

Last 1 Month 31-Mar-09 6.2150 3407.45 13.64% 13.30%

Last 3 Months 30-Jan-09 6.2010 3357.35 13.90% 15.00%

Last 6 Months 31-Oct-08 6.5950 3506.40 7.10% 10.11%

Last 1 Year 30-Apr-08 12.6580 7004.80 -44.20% -44.88%

Since Inception 8-Jan-07 10.0000 5156.45 -29.37% -25.13%

Equity 72.77Action Construction Equipments Ltd. Construction 0.19Aia Engineering Ltd. Miscellaneous - Medium / Small 1.79Alstom Projects India Ltd. Engineering 0.41Areva T&D India Ltd. Electric Equipment 0.67Asian Paints (India) Ltd. Paints 2.37Ballarpur Industries Ltd. Paper 0.84Bank Of Baroda Ltd. Banks 3.02

Bgr Energy Systems Ltd. Engineering 0.39Bharat Electronics Ltd. Electric Equipment 1.49Cesc Ltd. Power Generation & Supply 2.31Chennai Petroleum Corp Ltd. Refineries 0.97Colgate-Palmolive (India) Ltd. Cosmetics & toiletries 2.31Container Corp Of India Ltd. Transport support services 0.65Crompton Greaves Ltd. Electric Equipment 2.60Cummins India Ltd. Engines 0.56Dishman Pharmaceuticals & Chemicals Ltd. Pharmaceuticals 1.16Dlf Ltd. Construction 0.44Elecon Engineering Co Ltd. Engineering 0.59Emco Ltd. Transformers 0.41Exide Industries Ltd. Auto Ancillaries 1.87Glaxosmithkline Consumer Healthcare Ltd. Pharmaceuticals 0.24Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.66Great Eastern Shipping Co Ltd. Shipping 1.24Great Offshore Ltd. Ship breaking/repairing 0.31Gujarat Nre Coke Ltd. Metallurgical Coke 0.25Gujarat State Petronet Ltd. Petroleum 1.09Hindustan Construction Co Ltd. Construction 0.52India Cements Ltd. Cement 0.30Infrastructure Dev Fin Co Ltd. Finance & Investments 1.73Ivrcl Infrastructures & Projects Ltd. Construction 1.78Jaiprakash Associates Ltd. Construction 0.42Jyoti Structures Ltd. Transmisson Line Towers 1.82Kalpataru Power Transmission Ltd. Transmisson Line Towers 0.20Larsen And Toubro Ltd. Engineering 0.75Lic Housing Finance Ltd. Finance 2.80Lupin Ltd. Pharmaceuticals 1.81Madras Cements Ltd. Cement 0.09Mahindra And Mahindra Ltd. Automobiles 0.76Marico Ltd. Personal Care 1.36Mcnally Bharat Engineering Co Ltd. Engineering 0.30Oriental Bank Of Commerce Banks 2.53Piramal Healthcare Limited Pharmaceuticals 1.03Power Finance Corp Ltd. Finance 1.68Punj Lloyd Ltd. Construction 1.27Punjab National Bank Banks 2.02Reliance Petroleum Ltd. Petroleum 0.38Rolta India Limited Computers - Software 0.43Rural Electrification Corporation Ltd. Finance 1.75Shree Cement Ltd. Cement 2.37Simplex Infrastructures Ltd. Construction 0.42Sintex Industries Ltd. Diversified 2.49Tata Chemicals Ltd. Fertilizers 1.05Tata Tea Tea 0.41Television Eighteen India Ltd. Entertainment 0.20Thermax Limited Engineering 0.59Titagarh Wagons Ltd. Engineering 0.67

Trf Ltd. Engineering 0.26Ultratech Cement Ltd. Cement 1.04Union Bank Of India Ltd. Banks 2.30United Phosphorus Ltd. Trading 1.46United Spirits Ltd. Distilleries 1.55Vishal Retail Ltd. Retail 0.07Voltas Limited Diversified 0.89Zee News Ltd. Entertainment 1.42CD/CP's 6.32State Bank of Indore 2009 - CD P1+ 2.59ICICI Bank 2010 - CD P1+ 2.58Canara Bank 2010 - CD P1+ 1.15Cash, Bank & Others 20.91Net Assets 100.00

InstrumentPORTFOLIO

Rating % of NAV

24


Auto Ancillaries 1.87Automobiles 0.76Banks 9.87Cement 3.80Computers - Software 0.43Construction 5.04Cosmetics & toiletries 2.31Distilleries 1.55Diversified 3.37Electric Equipment 4.76Engineering 3.97Engines 0.56Entertainment 1.62Fertilizers 1.05Finance 6.23Finance & Investments 1.73Metallurgical Coke 0.25Miscellaneous - Medium / Small 1.79Paints 2.37Paper 0.84Personal Care 1.36Petroleum 1.48Pharmaceuticals 5.90Power Generation & Supply 2.31Refineries 0.97Retail 0.07Ship breaking/repairing 0.31Shipping 1.24

Tea 0.41Trading 1.46Transformers 0.41Transmisson Line Towers 2.02Transport support services 0.65CD/CP's 6.32Cash, Bank & Others 20.91Total 100.00

E qu it y C D/ CPs C as h, B ank & O ther s

AutomobilesCementConstructionDistilleriesElectric EquipmentEnginesFertilizersFinance & InvestmentsMiscellaneous- Medium / SmallPaperPetroleumPower Generation & SupplyRetailShippingTradingTransmissonLine TowersCD/CP's

Auto AncillariesBanksComputers - SoftwareCosmetics& toiletriesDiversifiedEngineeringEntertainmentFinanceMetallurgicalCokePaintsPersonal CarePharmaceuticalsRefineriesShip breaking/repairingTeaTransformersTransportsupportservices

0.43%

5.04%

2.31%

1.55%

20.91%

6.32%

1.24%

0.31%

0.41%

1.46%

0.41%2.02%

0.65%

0.97%

2.31%

5.90%

1.48%

1.36%

0.84% 0.25%1.79%

2.37%

6.23%1.73%

1.62%1.05%

0.56%

3.97%

4.76%

3.37%

3.80%9.87%0.76%1.87%

0.07%

6.32%

72.77%

20.91%


25/32


25

Whole LifeShort-Term Fixed

Income Fund


NAVCalculation:

Tax Benefits:

FundManager:

The primary investment objective of the fund is to generate stable returns by investing in fixed income securitieshaving shorter maturity periods. Under normal circumstances, the average maturity of the Fund may be in the range of 1-3 years.

Daily


Mr. Vivek Sood


PERFORMANCE - WHOLE LIFE SHORT-TERM FIXED INCOME FUND(NAV [in Rs.]& CRISIL Short-Term Bond Index as on 29-Apr-09 is 11.6100 and 1569.8357 respectively)


PERIOD DATE NAV CRISIL Short-Term Bond Index NAV Change INDEX Change

Last 1 Month 31-Mar-09 11.4150 1541.8147 1.71% 1.82%

Last 3 Months 30-Jan-09 11.1910 1525.5280 3.74% 2.90%

Last 6 Months 31-Oct-08 10.6640 1449.6068 8.87% 8.29%

Last 1 Year 30-Apr-08 10.4240 1415.0813 11.38% 10.94%

Since Inception 8-Jan-07 10.0000 1281.0900 16.10% 22.54%

RATING % to NAV

AAA 73.41


Net Assets 100.00


ASSET ALLOCATION



Net Assets 100.00

% to NAV

Instrument

PORTFOLIO


9.10% HDFC 2009 AAA 1.99

8.40% Exim Bank 2010 AAA 20.28

9.05% IDFC 2009 AAA 13.90

7.20% HDFC 2010 AAA 5.99

8.60% IDFC 2011 AAA 8.20


9.50% HDFC 2013 AAA 4.22



Net Assets 100.00

% of NAVRatingMATURITY PROFILE

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

Less than 1 Year 1-3 Years 3-6 Years

26.59%

73.41%73.41%

26.59%


26/32


Future EquityPension Fund


NAVCalculation:

Tax Benefits:

FundManager:

The primary investment objective of the fund is to generate long-term capital appreciation from a portfolio that isinvested pre-dominantly in equityand equity-linked securities.

Daily

Tax benefits on the premiums paid under Section 80 C and tax exemptions on death benefits under Section 10 (10 D).Upto one-third of the accumulated value can be commuted as tax-free lumpsum on your retirement day.

Mr. Vivek Sood


PERFORMANCE - FUTURE EQUITY PENSION FUND (NAV [in Rs.]& S&P CNX NIFTY as on 29-Apr-09 is 7.3730 and 3473.95 respectively)

PERIOD DATE NAV S&P CNX NIFTY NAV Change INDEX ChangeLast 1 Month 31-Mar-09 6.4140 3020.95 14.95% 15.00%Last 3 Month 30-Jan-09 6.2980 2874.80 17.07% 20.84%Last 6 Month 31-Oct-08 6.5910 2885.60 11.86% 20.39%Last 1 Year 30-Apr-08 10.7450 5165.90 -31.38% -32.75%Since Inception 4-Feb-08 10.0000 5463.50 -26.27% -36.42%


Equity 80.40


Net Assets 100.00


IndustrySector

SECTOR STRATEGY


Banks 20.44

Cigarettes 4.74


Distilleries 0.96

Diversified 3.48


Engineering 2.86Entertainment 0.84

Fertilizers 0.27

Finance 4.51Finance & Investments 1.61

% to NAV SectorMetal 1.98

Paints 1.03

Petroleum 0.83


Refineries 12.38


Transformers 0.09


% to NAV

26

Equity 80.40


Alstom Projects India Ltd. Engineering 0.15

Areva T&D India Ltd. Electric Equipment 0.33



Bank Of Baroda Ltd. Banks 2.26

Bharat Heavy Electricals Ltd. Electric Equipment 1.12


Cesc Ltd. Power Generation& Supply 1.64


Dishman Pharmaceuticals& Chemicals Ltd. Pharmaceuticals 0.80

Dlf Ltd. Construction 0.44


Emco Ltd. Transformers 0.09



Gujarat State Petronet Ltd. Petroleum 0.46

Hindustan Construction Co Ltd. Construction 0.11



HDFC Ltd. Finance 2.00

ICICI Bank Ltd. Banks 2.78

Infosys Technologies Ltd. Computers - Software 2.51

Infrastructure Dev Fin Co Ltd. Finance & Investments 1.61

ITC Ltd. Cigarettes 4.74

Ivrcl Infrastructures & Projects Ltd. Construction 1.53

Jaiprakash Associates Ltd. Construction 0.10


LIC Housing Finance Ltd. Finance 1.41

Mcnally Bharat

life invest ement report april 2009

Documents