Funds

Investment Report January, 2010

BALANCED & GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

LIFE LIQUID FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
LIFE INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
LIFE EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
LIFE AGGRESSIVE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
LIFE STABLE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
LIFE SHORT-TERM FIXED INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
LIFE GROWTH MAXIMISER FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
LIFE LARGE CAP EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
LIFE GROWTH ENABLER FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
LIFE CAPITAL GUARANTEE FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
LIFE SELECT EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
110% CAPITAL GUARANTEE FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
TATA AIG TOP 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
TATA AIG TOP 200 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
TATA AIG AGGRESSIVE FLEXI FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
TATA AIG STABLE FLEXI FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
TATA AIG BOND FUND .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
TATA AIG APEX INVESTMENT FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
TATA AIG APEX RETURN LOCK-IN FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
INFRASTRUCTURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
SUPER SELECT EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
TATA AIG APEX RETURN LOCK-IN FUND - 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
SUPER 110% CAP GR FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
SUPER SELECT EQUITY PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
APEX PENSION INVESTMENT FUND (10 YEARS TERM) . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
APEX PENSION INVESTMENT FUND (15 YEARS TERM) . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
APEX PENSION INVESTMENT FUND (20 YEARS TERM) . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
APEX PENSION INVESTMENT FUND SP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
WHOLE LIFE AGGRESSIVE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
WHOLE LIFE INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
WHOLE LIFE STABLE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
WHOLE LIFE MID-CAP EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
WHOLE LIFE SHORT-TERM FIXED INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
FUTURE EQUITY PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
FUTURE GROWTH PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
FUTURE CAPITAL GUARANTEE PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
FUTURE BALANCED PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
FUTURE INCOME PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
FUTURE SELECT EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
 Balanced and
Growth Fund
Investment Report January, 2010

PERFORMANCE - BALANCED FUND

(NAV [in Rs.] as on 29-Jan-10 is 18.9930)

PERIOD DATE NAV NAV Change

Last 1 Month 31-Dec-09 19.3860 -2.03%
Last 3 Months 30-Oct-09 18.6260 1.97%
Last 6 Months 31-Jul-09 18.2370 4.15%
Last 1 Year 30-Jan-09 14.7300 28.94%
Since Inception 02-Mar-04 10.0000 11.45%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

PERFORMANCE - GROWTH FUND

(NAV [in Rs.] as on 29-Jan-10 is 22.8950)
)
PERIOD DATE NAV NAV Change
Last 1 Month 31-Dec-09 23.6650 -3.25%
Last 3 Months 30-Oct-09 22.4250 2.10%
Last 6 Months 31-Jul-09 21.8170 4.94%
Last 1 Year 30-Jan-09 15.9890 43.19%
Since Inception 02-Mar-04 10.0000 15.03%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

1
 Life Liquid Fund

Investment Report January, 2010

Investment Objective: To provide safety of funds, liquidity and return on investments, in that order.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.

Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE LIQUID FUND (NAV [in Rs.] & CRISIL Liquid Fund Index as on 29-Jan-10 is 13.8400 and 1549.7719 respectively)
PERIOD DATE NAV CRISIL Liquid Fund Index NAV Change INDEX Change
Last 1 Month 31-Dec-09 13.7880 1545.9790 0.38% 0.25%
Last 3 Months 30-Oct-09 13.6470 1539.0416 1.41% 0.70%
Last 6 Months 31-Jul-09 13.4410 1528.5427 2.97% 1.39%
Last 1 Year 30-Jan-09 12.9890 1486.2349 6.55% 4.28%
Since Inception 02-Mar-04 10.0000 1103.1500 5.65% 5.92%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

ASSET ALLOCATION % to NAV

RATING PROFILE ASSET ALLOCATION
CD/CP's 79.50
79.50% 79.50%
Cash Bank & Others 20.50
Net Assets 100.00
20.50%

20.50%

P1+ Cash, Bank & Others CD/CP's Cash, Bank & Others

RATING % to NAV PORTFOLIO

CD/CP's 79.50 Instrument Rating % of NAV
Cash Bank & Others 20.50 CD/CP's 79.50
Total 100.00 RECL 2010 - CP P1+ 19.56
Canara Bank 2010 - CD P1+ 10.35
Indian Oil Corp. 2010 - CP P1+ 10.13
ICICI Bank 2010 - CD P1+ 9.49
MATURITY PROFILE
HDFC Bank 2010 - CD P1+ 9.05
120.00% Corporation Bank 2010 - CD P1+ 8.99
100.00% Axis Bank 2010 -CD P1+ 5.90
80.00% State Bank of Patiala 2010 - CD P1+ 3.02
60.00%
Bank of Baroda 2010 - CD P1+ 3.01
40.00%
CASH BANK & OTHERS 20.50
20.00%
0.00% Cash Bank & Others 20.50
Less than 1 Year Net Assets 100.00

2
 Life Income Fund

Investment Report January, 2010

Investment Objective: 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.

NAV Calculation: Daily

Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE INCOME FUND

(NAV [in Rs.] & CRISIL Composite Bond Fund Index as on 29-Jan-10 is 13.2900 and 1575.3191 respectively)

PERIOD DATE NAV CRISIL Composite NAV Change INDEX ASSET ALLOCATION
Bond Fund Index Change 10.08%

Last 1 Month 31-Dec-09 13.2090 1566.5262 0.61% 0.56% 9.82%

Last 3 Months 30-Oct-09 13.0160 1548.1524 2.11% 1.75%

Last 6 Months 31-Jul-09 12.9100 1543.0987 2.94% 2.09%
70.58% 9.53%
Last 1 Year 30-Jan-09 12.2540 1504.7636 8.45% 4.69%
Since Inception 02-Mar-04 10.0000 1193.2000 4.93% 4.81% Corporate Bonds Government Securities
CD/CP's Cash Bank & Others
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

PORTFOLIO ASSET ALLOCATION % to NAV

Instrument Rating % of NAV Corporate Bonds 70.58
Government Securities 10.08
7.59% GOI 2016 Sovereign 5.88 Government Securities 10.08
6.07% GOI 2014 Sovereign 2.77 CD/CP's 9.82
7.61% GOI 2015 Sovereign 0.72
8.07% GOI 2017 Sovereign 0.63 Cash Bank & Others 9.53
9.39% GOI 2011 Sovereign 0.09 Net Assets 100.00
Corporate Bonds 70.58
2.00% Tata Motors Ltd 2014 AAA 4.91
11.00% IDFC 2010 AAA 4.42
10.00% PFC 2012 AAA 3.83 RATING PROFILE
9.50% Exim Bank 2013 AAA 3.75 10.08%
2.96%
9.20% Power Grid 2014 AAA 3.72
10.00% IDFC 2012 AAA 3.30 9.82%
2.00% Indian Hotels Company Ltd 2014 AA+ 2.96
8.50% Exim Bank 2011 AAA 2.96
9.35% ILFS 2010 AAA 2.95
8.40% HDFC 2014 AAA 2.90
7.35% HPCL 2012 AAA 2.52 9.53%
10.75% Reliance Industries 2018 AAA 2.43 67.61%
9.85% Rural Elect Corp. 2017 AAA 2.30
9.45% REC 2013 AAA 2.28 AAA Sovereign CD/CP's Cash Bank & Others AA+
6.90% PFC 2012 AAA 2.16
7.45% LIC Housing Finance Ltd 2012 AAA 2.16
11.00% PFC 2018 AAA 2.05
10.00% HDFC Ltd. 2010 AAA 2.03 RATING % to NAV
10.95% Rural Elect Corp. 2011 AAA 1.91 AAA 67.61
7.65% RECL 2016 AAA 1.87
9.15% LIC Housing Finance 2010 AAA 1.84 AA+ 2.96
10.75% Rural Elect Corp. 2013 AAA 1.58 Sovereign 10.08
9.80% ICICI Bank 2013 AAA 1.53
9.20% Larsen & Toubro 2012 AAA 1.50 CD/CP's 9.82
8.80% Power Grid Corp. 2020 AAA 1.45 Cash Bank & Others 9.53
7.20% Rural Elect Corp. 2012 AAA 1.43
9.20% Power Grid 2015 AAA 1.31 Total 100.00
9.68% IRFC 2010 AAA 1.17
10.10% Power Grid Corp 2013 AAA 0.58
9.80% PFC 2012 AAA 0.38 MATURITY PROFILE
7.20% HDFC Ltd. 2010 AAA 0.22
9.50% HDFC 2013 AAA 0.15
40.00%
CD/CP's 9.82 35.00%
HDFC Bank 2010 - CD P1+ 5.83 30.00%

ICICI Bank 2010 - CD P1+ 1.44 25.00%

20.00%
State Bank of Patiala 2010 - CD P1+ 1.03 15.00%
Bank of Baroda 2010 - CD P1+ 1.03 10.00%
Indian Oil Corp. 2010 - CP P1+ 0.49 5.00%

CASH BANK & OTHERS 9.53 0.00%

Less than 1 1-3 Years 3-6 Years 6 Years and
Cash Bank & Others 9.53 Year Above
Total 100.00 3
 Life Equity Fund

Investment Report January, 2010

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

NAV Calculation: Daily

Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE EQUITY FUND (NAV [in Rs.] & BSE SENSEX as on 29-Jan-10 is 28.6610 and 16357.96 respectively)
PERIOD DATE NAV BSE Sensex NAV Change INDEX Change
Last 1 Month 31-Dec-09 30.1080 17464.81 -4.81% -6.34%
Last 3 Months 30-Oct-09 27.8780 15896.28 2.81% 2.90%
Last 6 Months 31-Jul-09 26.8350 15670.31 6.80% 4.39%
Last 1 Year 30-Jan-09 16.7370 9424.24 71.24% 73.57%
Since Inception 02-Mar-04 10.0000 5823.17 19.48% 19.08%
Note: The investment income and prices may go down as well as up.
“Since Inception” period returns are calculated as per CAGR. PORTFOLIO
Instrument Industry % of NAV
SECTOR-WISE BREAK-UP
0.60% 0.42%
0.70% 0.32% 0.25% 0.22%
ASSET ALLOCATION Equity
Reliance Industries Ltd Refinery
91.92
7.90
0.84%
0.89%
0.34% 4.12% Infosys Technologies Ltd Computer Software 6.10
20.63% 9.47%
0.96%
1.12%
3.96%
ICICI Bank Ltd Banking Services 5.43
1.18%
1.19%
7.90% 91.92% ITC Ltd Cigarettes 5.10
1.24%
5.10%
HDFC Bank Banking Services 4.70
1.43%
1.47% 4.12% State Bank Of India Banking Services 4.08
1.66%
1.86%
3.48% 3.53%
4.01%
3.96%
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 3.83
3.47%
1.88% 2.01%
2.46%
2.96% HDFC Ltd Housing Finance Services 3.57
1.95% 2.27% 4.12%
Banking Services Computer software
Bharti Airtel Ltd Cellular Mobile Phone Service 3.53
Oil & Natural Gas Corp Ltd Petroleum Oil 3.48
Refinery Cigarettes
Industrial Contracts & Turnkey Projects Housing Finance Services
Cellular Mobile Phone Service Petroleum Oil
Prime Movers Motors & Generators
Copper & Copper Products Construction Of Roads, Bridges, Tunnels Etc.
Diversified Drug Formulations
Utility Vehicles Including Jeeps
Construction/Erection and Maintenance of Power
Heavy Commercial Vehicles
Paints & Varnishes
Finished Steel
Storage Batteries
Coal Based Thermal Electricity
Material Handling Equipments
Bharat Heavy Electricals Ltd Prime Movers 3.47
Cosmetics/Soaps/Toiletries/Detergents
Ethyl Alcohol (Strength Less Than 80%)
Other Fertilisers
Switching Apparatus
Service Activities Incidental To Oil And Gas Extra
Lng Storage And Distribution
Cement
Media-Broadcasting
Equity CD/CP's Cash Bank & Others Axis Bank Ltd Banking Services 3.16
Transformers Mobile Cranes
Hydro Electricity CD/CP's
Cash Bank & Others
Crompton Greaves Ltd Motors & Generators 2.96
Sterlite Industries (India) Ltd Copper & Copper Products 2.46
SECTOR STRATEGY Bank Of Baroda Banking Services 2.32
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.88
Sector % to NAV Tata Steel Ltd Finished Steel 1.86
Sintex Industries Ltd Diversified 1.79
Banking Services 20.63
Mphasis Ltd Computer software 1.71
Computer software 9.47
Wipro Ltd Computer Software 1.65
Refinery 7.90 Exide Industries Ltd Storage Batteries 1.47
Cigarettes 5.10 Tata Motors Ltd Heavy Commercial Vehicles 1.43
Industrial Contracts & Turnkey Projects 4.12 Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.32
Housing Finance Services 4.01 Cesc Ltd Coal Based Thermal Electricity 1.24
Cellular Mobile Phone Service 3.53 Asian Paints (India) Ltd Paints & Varnishes 1.19
Petroleum Oil 3.48 Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.12
Prime Movers 3.47 Sun Pharmaceutical Industries Ltd Drug Formulations 0.99
Motors & Generators 2.96 Oil India Ltd Service Activities Incidental To Oil And Gas Extra 0.96
Copper & Copper Products 2.46 Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.94
Construction Of Roads, Bridges, Tunnels Etc. 2.27 Punjab National Bank Banking Services 0.94
Diversified 2.01 Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.89
Drug Formulations 1.95 United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.89
Utility Vehicles Including Jeeps 1.88 Gujarat State Petronet Ltd Lng Storage And Distribution 0.84
Finished Steel 1.86 Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.80
Construction/Erection and Maintenance of Power 1.66 DLF Ltd Construction/Erection and Maintenance of Power 0.77
Glenmark Pharmaceuticals Ltd Drug Formulations 0.75
Storage Batteries 1.47
Tata Chemicals Ltd Other Fertilisers 0.70
Heavy Commercial Vehicles 1.43 Ultratech Cement Ltd Cement 0.60
Coal Based Thermal Electricity 1.24 Lic Housing Finance Ltd Housing Finance Services 0.44
Paints & Varnishes 1.19 Areva T&D India Ltd Switching Apparatus 0.42
Material Handling Equipments 1.18 Elecon Engineering Co Ltd Material Handling Equipments 0.38
Cosmetics/Soaps/Toiletries/Detergents 1.12 Zee News Ltd Media-Broadcasting 0.34
Service Activities Incidental To Oil And Gas Extra 0.96 Emco Ltd Transformers 0.32
Ethyl Alcohol (Strength Less Than 80) 0.89 Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.29
Lng Storage And Distribution 0.84 Action Construction Equipments Ltd Mobile Cranes 0.25
Other Fertilisers 0.70 NHPC Ltd Hydro Electricity 0.22
Cement 0.60 Voltas Limited Diversified 0.22
Switching Apparatus 0.42 Piramal Healthcare Limited Drug Formulations 0.21
Media-Broadcasting 0.34 TRF Ltd Material Handling Equipments 0.00
Transformers 0.32 CD/CP's 4.12
Mobile Cranes 0.25 ICICI Bank 2010 - CD P1+ 1.30
Hydro Electricity 0.22 Indian Oil Corp. 2010 - CP P1+ 0.73
CD/CP's 4.12 Axis Bank 2010 - CD P1+ 0.56
State Bank of Patiala 2010 - CD P1+ 0.46
Cash Bank & Others 3.96
Bank of Baroda 2010 - CD P1+ 0.46
Total 100.00 Canara Bank 2010 - CD P1+ 0.36
Corporation Bank 2010 - CD P1+ 0.26
ASSET ALLOCATION % to NAV Cash Bank & Others 3.96
Equity 91.92 Cash Bank & Others 3.96
Net Assets 100.00
CD/CP's 4.12
Cash Bank & Others 3.96
Net Assets 100.00 4
 Life Aggressive
Growth Fund
Investment Report January, 2010

Investment Objective: To maximise the return while investing in a mix of Equity & Fixed-Income Investments. The fund will maintain
a medium to high risk profile. The Equity investments will be in a range of 50% - 80% of the fund.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE AGGRESSIVE GROWTH FUND (NAV [in Rs.] as on 29-Jan-10 is 14.3130)
PERIOD DATE NAV NAV Change INDEX Change SECTOR-WISE BREAK-UP
0.04%
Last 1 Month 31-Dec-09 14.8250 -3.45% -3.92% 0.15%
0.19%
0.03%
0.02%
26.98%
5.24% 12.60%
0.24% 6.59%
Last 3 Months 30-Oct-09 13.9270 2.77% 2.50% 0.43%

0.45%
5.42%

Last 6 Months 31-Jul-09 13.5320 5.77% 3.58% 0.47%

0.53%
3.42%

3.33%
0.54%
Last 1 Year 30-Jan-09 9.7710 46.48% 49.46% 0.70%
0.60%
2.85%

Since Inception 01-Jul-06 10.0000 10.52% 10.58% 0.73%

2.40%

0.73% 2.28%
2.20%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR. 0.86%
1.01%
1.07%
1.38%
1.97%
1.94%
0.88% 0.89% 1.18% 1.91%
PORTFOLIO 0.89% 0.98% 1.11% 1.65%
1.59%
Instrument Industry % of NAV 1.56%
Banking Services Computer Software

Equity 67.78 Refinery

Housing Finance Services
Prime Movers
Cigarettes
Industrial Contracts & Turnkey Projects
Drug Formulations
Reliance Industries Ltd Refinery 5.42 Cellular Mobile Phone Service
Construction Of Roads, Bridges, Tunnels Etc.
Petroleum Oil
Diversified
Copper & Copper Products Finished Steel
Infosys Technologies Ltd Computer Software 3.94 Motors & Generators
Weaving, Manufacturing Of Man-Made Fiber
Thermal Electricity
Heavy Commercial Vehicles

ITC Ltd Cigarettes 3.42 Storage Batteries

Ethyl Alcohol (Strength Less Than 80%)
Coal Based Thermal Electricity
Utility Vehicles Including Jeeps
Service Activities Incidental To Oil And Gas Extra
Cosmetics/Soaps/Toiletries/Detergents
ICICI Bank Ltd Banking Services 3.31 Paints & Varnishes
Lng Storage And Distribution
Construction - Civil / Turnkey - Large
Motorcycles
Material Handling Equipments All India Development Institutions (Dfis)
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 2.84 Switching Apparatus
Finance Related Allied Activities
Other Fertilisers
Construction/Erection and Maintenance of Power

HDFC Bank Banking Services 2.79 Steam Boilers

Transformers
Mobile Cranes
Switchgears
Edible Oils
Entertainment
Bharat Heavy Electricals Ltd Prime Movers 2.40 Corporate Bonds Cash Bank & Others

HDFC Ltd Housing Finance Services 2.37

Bharti Airtel Ltd Cellular Mobile Phone Service 2.20
State Bank Of India
Oil & Natural Gas Corp Ltd
Banking Services
Petroleum Oil
2.13
1.97
SECTOR STRATEGY
Sterlite Industries (India) Ltd Copper & Copper Products 1.65
Tata Steel Ltd Finished Steel 1.59 Sector % to NAV Sector % to NAV
Crompton Greaves Ltd Motors & Generators 1.56 Banking Services 12.60 Coal Based Thermal Electricity 0.89
Axis Bank Ltd Banking Services 1.55 Computer Software 6.59 Cosmetics/Soaps/Toiletries/Detergents 0.88
Bank Of Baroda Banking Services 1.39 Refinery 5.42 Paints & Varnishes 0.86
Mphasis Ltd Computer software 1.35 Cigarettes 3.42 Construction - Civil / Turnkey - Large 0.73
Wipro Ltd Computer Software 1.29 HousingFinanceServices 3.33 Lng Storage And Distribution 0.73
Sintex Industries Ltd Diversified 1.28 IndustrialContracts&TurnkeyProjects 2.85 Motorcycles 0.70
Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 1.18 Prime Movers 2.40 MaterialHandlingEquipments 0.60
Tata Motors Ltd Heavy Commercial Vehicles 1.11 Drug Formulations 2.28 AllIndiaDevelopmentInstitutions(Dfis) 0.54
Exide Industries Ltd Storage Batteries 1.07
Cellular Mobile Phone Service 2.20 Switching Apparatus 0.53
IVRCL Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.04
Petroleum Oil 1.97 Other Fertilisers 0.47
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.01
United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.98 ConstructionOfRoads,Bridges,TunnelsEtc. 1.94 FinanceRelatedAlliedActivities 0.45
LIC Housing Finance Ltd Housing Finance Services 0.95 Diversified 1.91 Construction/ErectionandMaintenanceofPower 0.43
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.90 Copper & Copper Products 1.65 Steam Boilers 0.24
Oil India Ltd Service Activities Incidental To Oil And Gas Extra 0.89 Finished Steel 1.59 Switchgears 0.19
Cesc Ltd Coal Based Thermal Electricity 0.89 Motors & Generators 1.56 Transformers 0.15
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.88 Thermal Electricity 1.38 Edible Oils 0.04
Asian Paints (India) Ltd Paints & Varnishes 0.86 Weaving,ManufacturingOfMan-MadeFiber 1.18 Mobile Cranes 0.03
Tata Power Co Ltd Thermal Electricity 0.78 Heavy Commercial Vehicles 1.11 Entertainment 0.02
Gammon India Ltd Construction - Civil / Turnkey - Large 0.73 Storage Batteries 1.07 Corporate Bonds 26.98
Gujarat State Petronet Ltd Lng Storage And Distribution 0.73 Utility Vehicles Including Jeeps 1.01 Cash Bank & Others 5.24
Cipla Ltd Drug Formulations 0.72 Ethyl Alcohol (Strength Less Than 80) 0.98 Total 100.00
Punjab National Bank Banking Services 0.72 ServiceActivitiesIncidentalToOil&GasExtra 0.89
ING Vysya Bank Ltd Banking services 0.71
Bajaj Auto Ltd - New Shs Motorcycles 0.70
Voltas Limited Diversified 0.63
NTPC Ltd Thermal Electricity 0.60
Sun Pharmaceutical Industries Ltd Drug Formulations 0.59
Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.54
Dishman Pharmaceuticals & Chemicals Ltd
Tata Chemicals Ltd
Drug Formulations
Other Fertilisers
0.51
0.47 ASSET ALLOCATION
Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.45
Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.43
Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.41
Areva T&D India Ltd Switching Apparatus 0.27
Piramal Healthcare Limited Drug Formulations 0.27 67.78%
Siemens India Ltd Switching Apparatus 0.25
Thermax Limited Steam Boilers 0.24 26.98%
Glenmark Pharmaceuticals Ltd Drug Formulations 0.19
ABB Ltd Switchgears 0.19
Elecon Engineering Co Ltd Material Handling Equipments 0.18
Emco Ltd Transformers 0.15
Marico Ltd Edible Oils 0.04
Action Construction Equipments Ltd Mobile Cranes 0.03 5.24%
DB Corp Ltd Entertainment 0.02
Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.01
Corporate Bonds 26.98 Equity Corporate Bonds Cash, Bank & Others
2.00% Tata Motors Ltd 2014 AAA 4.59
9.35% ILFS 2010 AAA 2.85
11.25% PFC 2018 AAA 2.30
8.40% Exim Bank 2010 AAA 2.22
10.25% HDFC Ltd. 2012 AAA 2.13
7.65% RECL 2016 AAA 1.91 ASSET ALLOCATION % to NAV
9.50% HDFC Ltd. 2013 AAA 1.68
8.60% PFC 2014
8.40% HDFC 2014
AAA
AAA
1.61
1.60
Equity 67.78
10.9% Rural Elect Corp. 2013
9.45% REC 2013
AAA
AAA
1.40
1.26
Corporate Bonds 26.98
9.80% PFC 2012 AAA 0.84
6.90% PFC Ltd. 2012 AAA 0.80
Cash Bank & Others 5.24
10.60% IRFC 2018 AAA 0.67
6.84%HDFC 2011 AAA 0.60 NET ASSETS 100.00
Citifin Cons Fin I Ltd Nsembr+300Bps AA+ 0.40
9.68% IRFC 2008 AAA 0.12
Cash Bank & Others 5.24 5
Net Assets 100.00
 Life Stable
Growth Fund
Investment Report January, 2010

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

NAV Calculation: Daily

Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE STABLE GROWTH FUND (NAV [in Rs.] as on 29-Jan-10 is 14.1150)
PERIOD DATE NAV NAV Change INDEX Change SECTOR-WISE BREAK-UP
Last 1 Month 31-Dec-09 14.3080 -1.35% -2.20% 0.09% 49.11%
0.15% 0.04%
0.19%
Last 3 Months 30-Oct-09 13.8330 2.04% 2.21% 0.15%
0.19%
Last 6 Months 31-Jul-09 13.5620 4.08% 3.01% 0.20%
15.67%

7.98%
0.26%

Last 1 Year 30-Jan-09 10.8430 30.18% 32.24% 0.31%

0.34%
2.84%
2.97%
0.36% 2.00%
Since Inception 01-Jul-06 10.0000 10.10% 8.97% 0.39% 0.47%
1.66%
1.50%
0.49% 1.46%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR. 0.42%
0.54% 1.34%
1.18% 1.22%
PORTFOLIO 0.59%
0.59%0.65%
0.88%
0.84%
1.06%
0.97%
Instrument Industry % of NAV 0.80%

Equity 35.22 Banking Services

Refinery
Computer Software
Cigarettes
Housing Finance Services Cellular Mobile Phone Service
Reliance Industries Ltd Refinery 2.84 Industrial Contracts & Turnkey Projects
Construction Of Roads, Bridges, Tunnels Etc.
Motors & Generators
Drug Formulations
Petroleum Oil
Storage Batteries

ITC Ltd Cigarettes 2.00 Diversified

Paints & Varnishes
Finished Steel
Ethyl Alcohol (Strength Less Than 80%)
Prime Movers
Copper & Copper Products
Weaving, Manufacturing Of Man-Made Fiber
Media-Broadcasting

Infosys Technologies Ltd Computer Software 1.89 Coal Based Thermal Electricity
Civil Engineering
Edible Oils
Cosmetics/Soaps/Toiletries/Detergents
Construction/Erection and Maintenance of Power
Other Fertilisers
Finance Related Allied Activities Lng Storage And Distribution
HDFC Bank Banking Services 1.81 Switching Apparatus
Material Handling Equipments
Mobile Cranes
Thermal Electricity
Steam Boilers
Entertainment

ICICI Bank Ltd Banking Services 1.73 Service Activities Incidental To Oil And Gas Extra
Corporate Bonds
Transformers
Cash Bank & Others

Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 1.36
State Bank Of India Banking Services 1.25
Bharti Airtel Ltd Cellular Mobile Phone Service 1.20 SECTOR STRATEGY
Oil & Natural Gas Corp Ltd Petroleum Oil 1.18
Axis Bank Ltd Banking Services 1.07 Sector % to NAV Sector % to NAV
Crompton Greaves Ltd Motors & Generators 1.06
Banking Services 7.98 Coal Based Thermal Electricity 0.47
HDFC Ltd Housing Finance Services 0.99
Exide Industries Ltd Storage Batteries 0.97 Computer Software 2.97 Cosmetics/Soaps/Toiletries/Detergents 0.42
Bharat Heavy Electricals Ltd Prime Movers 0.84 Refinery 2.84 CivilEngineering 0.39
Asian Paints (India) Ltd Paints & Varnishes 0.80 Cigarettes 2.00 Construction/ErectionandMaintenanceofPower 0.36
Bank Of Baroda Banking Services 0.80 Housing Finance Services 1.66 Edible Oils 0.34
Sintex Industries Ltd Diversified 0.70 CellularMobilePhoneService 1.50 Other Fertilisers 0.31
Wipro Ltd Computer Software 0.68 IndustrialContracts&TurnkeyProjects 1.46 Finance Related Allied Activities 0.26
LIC Housing Finance Ltd Housing Finance Services 0.67 DrugFormulations 1.34 Lng Storage And Distribution 0.20
Cipla Ltd Drug Formulations 0.66 ConstructionOfRoads,Bridges,TunnelsEtc. 1.22 Switching Apparatus 0.19
Sterlite Industries (India) Ltd Copper & Copper Products 0.65 Petroleum Oil 1.18 Thermal Electricity 0.19
Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.64 Motors & Generators 1.06 Material Handling Equipments 0.15
Tata Steel Ltd Finished Steel 0.59
Storage Batteries 0.97 Steam Boilers 0.15
Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.59
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.57
Diversified 0.88 Mobile Cranes 0.09
Oriental Bank Of Commerce Banking Services 0.55 Prime Movers 0.84 Entertainment 0.05
United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.54 Paints & Varnishes 0.80 Service Activities Incidental To Oil & Gas Extra 0.04
Cesc Ltd Coal Based Thermal Electricity 0.47 Copper & Copper Products 0.65 Transformers 0.04
Zee News Ltd Media-Broadcasting 0.46 FinishedSteel 0.59 Corporate Bonds 49.11
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.42 Weaving,ManufacturingOfMan-MadeFiber 0.59 Cash Bank & Others 15.67
Punjab National Bank Banking Services 0.41 Ethyl Alcohol (Strength Less Than 80) 0.54 Total 100.00
Patni Computer Systems Ltd Computer Software 0.40 Media-Broadcasting 0.49
Punj Lloyd Ltd Civil Engineering 0.39
Sun Pharmaceutical Industries Ltd Drug Formulations 0.36
Simplex Infrastructures Ltd
Union Bank Of India
Construction/Erection and Maintenance of Power
Banking Services
0.36
0.35 ASSET ALLOCATION
Marico Ltd Edible Oils 0.34
Tata Chemicals Ltd Other Fertilisers 0.31
Reliance Communication Ltd Cellular Mobile Phone Service 0.30 35.22%
Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.26 15.67%
Glenmark Pharmaceuticals Ltd Drug Formulations 0.21
Gujarat State Petronet Ltd Lng Storage And Distribution 0.20
Areva T&D India Ltd Switching Apparatus 0.19
NTPC Ltd Thermal Electricity 0.19
Voltas Limited Diversified 0.18
Thermax Limited Steam Boilers 0.15
Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.13 49.11%
Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.11
Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.10
Action Construction Equipments Ltd Mobile Cranes 0.09
DB Corp Ltd Entertainment 0.05 Equity Corporate Bonds Cash Bank & Others
Oil India Ltd Service Activities Incidental To Oil And Gas Extra 0.04
Emco Ltd Transformers 0.04
Television Eighteen India Ltd Media-Broadcasting 0.03
Elecon Engineering Co Ltd Material Handling Equipments 0.03
Corporate Bonds 49.11
10.75% Reliance Ind 2018 AAA 7.82
9.45% REC 2013 AAA 7.32
ASSET ALLOCATION % to NAV
11.50% Rural Elect Corp. 2013 AAA 6.94
8.40% Exim Bank 2010 AAA 5.29
Equity 35.22
8.60% PFC Ltd 2014
10.9% Rural Elect Corp. 2013
AAA
AAA
5.27
4.21
Corporate Bonds 49.11
9.80% PFC 2012
9.05% IDFC 2010
AAA
AAA
3.67
2.83
Cash Bank & Others 15.67
9.50% HDFC MD 2013
2.00% Tata Motors Ltd 2014
AAA
AAA
2.20
1.82
Net Asset 100.00
Citifin Cons Fin I Ltd Nsembr+300Bps AA+ 1.74
Cash Bank & Others 15.67
Net Assets 100.00 6
 Life Short-Term
Fixed Income Fund
Investment Report January, 2010

Investment Objective: The primary objective is to generate stable returns by investing in fixed income securities having maturities
between 1 & 3 years.

NAV Calculation: Daily

Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE SHORT-TERM FIXED INCOME FUND

(NAV [in Rs.] & CRISIL Short-Term Bond Index as on 29-Jan-10 is 12.6620 and 1620.4374 respectively)

PERIOD DATE NAV CRISIL Short-Term Bond Index NAV Change INDEX Change
Last 1 Month 31-Dec-09 12.5930 1612.5226 0.55% 0.49%
Last 3 Months 30-Oct-09 12.4730 1597.9520 1.52% 1.41%
Last 6 Months 31-Jul-09 12.3450 1585.1401 2.57% 2.23%
Last 1 Year 30-Jan-09 11.7460 1525.5280 7.80% 6.22%
Since Inception 01-Jul-06 10.0000 1241.9973 6.81% 7.70%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

RATING PROFILE ASSET ALLOCATION

73.72%
73.72%

5.39%
20.89% 5.39%
20.89%

AAA P1+ Cash Bank & Others Corporate Bonds CD/CP's Cash Bank & Others

RATING % to NAV ASSET ALLOCATION % to NAV

AAA 73.72 Corporate Bonds 73.72
P1+ 5.39 CD/CP's 5.39
Cash Bank & Others 20.89 Cash Bank & Others 20.89
Total 100.00 Net Assets 100.00

PORTFOLIO
MATURITY PROFILE Instrument Rating % of NAV
Corporate Bonds 73.72
100.00%
7.20% HDFC Ltd 2010 AAA 12.79
80.00% 9.68% IRFC 2012 AAA 12.55
60.00% 7.90% RECL 2012 AAA 10.43
40.00%
7.35% HPCL 2012 AAA 7.95
9.45% LIC Housing 2012 AAA 7.49
20.00%
6.84% HDFC Ltd 2011 AAA 6.37
0.00% 9.68% IRFC 2010 AAA 4.04
Less than 1 Year 1-3 Years 3-6 Years
8.40% Exim Bank 2010 AAA 4.03
6.90% PFC Ltd 2012 AAA 3.18
9.50% HDFC 2013 AAA 2.51
7.40% Infrastructure 2012 AAA 2.38
CD/CP's 5.39
Indian Oil Corp. 2010 - CP P1+ 5.39
CASH BANK & OTHERS 20.89
Cash Bank & Others 20.89
Net Assets 100.00 7
 Life Growth
Maximiser Fund
Investment Report January, 2010

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

NAV Calculation: Daily

Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE GROWTH MAXIMISER FUND (NAV [in Rs.] as on 29-Jan-10 is 9.0180)
PERIOD DATE NAV NAV Change INDEX Change
Last 1 Month 31-Dec-09 9.2540 -2.55% -3.79% SECTOR-WISE BREAK-UP
0.97% 0.94% 0.92% 0.86% 0.48%
Last 3 Months 30-Oct-09 8.7950 2.54% 2.96% 1.04%
1.12% 0.67%
0.35%
0.65%
Last 6 Months 31-Jul-09 8.5520 5.45% 4.17% 1.20%
1.17%
0.65%
0.34%

Last 1 Year 30-Jan-09 6.3130 42.85% 47.03% 1.28%

1.38%
1.50%
0.22%
0.17%
0.14%
Since Inception 15-Oct-07 10.0000 -4.41% -1.79% 1.59%
1.72% 0.12%

Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR. 1.84% 0.08%
0.07%
1.89%
PORTFOLIO 2.11%
2.12%
0.06%
0.06%
Instrument Industry % of NAV 2.35%
2.59%
0.04%
Equity 52.42 3.59%
4.33% 11.81% 10.60%
36.98%
Reliance Industries Ltd Refinery 4.33 Banking Services
Computer Software
Refinery
Cigarettes

ICICI Bank Ltd Banking Services 2.86 Industrial Contracts & Turnkey Projects
Cellular Mobile Phone Service
Drug Formulations
Thermal Electricity
Housing Finance Services
Petroleum Oil
Construction Of Roads, Bridges, Tunnels Etc.
Motors & Generators

Infosys Technologies Ltd Computer Software 2.85 Prime Movers

Storage Batteries
Paints & Varnishes
Cosmetics/Soaps/Toiletries/Detergents
Diversified
Construction/Erection and Maintenance of Power
Copper & Copper Products
Utility Vehicles Including Jeeps

ITC Ltd Cigarettes 2.59 Ethyl Alcohol (Strength Less Than 80%)
Coal Based Thermal Electricity
Civil Engineering
Finance Related Allied Activities
Media-Broadcasting
Finished Steel
Heavy Commercial Vehicles
Edible Oils

HDFC Bank Banking Services 2.53 Switching Apparatus

Switchgears
Mining
Service Activities Incidental To Oil And Gas Extra
Material Handling Equipments
Other Fertilisers
Mobile Cranes
Steam Boilers

Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 2.05 Transformers
Cash Bank & Others
Corporate Bonds

State Bank Of India Banking Services 2.01

Oil & Natural Gas Corp Ltd Petroleum Oil 1.89
Bharti Airtel Ltd Cellular Mobile Phone Service 1.76 SECTOR STRATEGY
Crompton Greaves Ltd Motors & Generators 1.50
Bharat Heavy Electricals Ltd Prime Movers 1.38 Sector % to NAV Sector % to NAV
HDFC Ltd Housing Finance Services 1.23 Banking Services 11.81 Ethyl Alcohol (Strength Less Than 80) 0.92
Exide Industries Ltd Storage Batteries 1.20 Refinery 4.33 Media-Broadcasting 0.86
Bank Of Baroda Banking Services 1.19 Computer Software 3.59 Coal Based Thermal Electricity 0.67
Axis Bank Ltd Banking Services 1.18 Cigarettes 2.59 Finished Steel 0.65
Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 1.17 Industrial Contracts & Turnkey Projects 2.35 Civil Engineering 0.65
Sintex Industries Ltd Diversified 1.16 Housing Finance Services 2.12 Heavy Commercial Vehicles 0.48
Asian Paints (India) Ltd Paints & Varnishes 1.12 Cellular Mobile Phone Service 2.11 Finance Related Allied Activities 0.35
Sterlite Industries (India) Ltd Copper & Copper Products 1.04 Petroleum Oil 1.89 Edible Oils 0.34
NTPC Ltd Thermal Electricity 0.99 DrugFormulations 1.84 Switching Apparatus 0.22
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.97 ConstructionOfRoads,Bridges,TunnelsEtc. 1.72 Material Handling Equipments 0.17
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.94 Thermal Electricity 1.59 Switchgears 0.14
United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.92 Motors & Generators 1.50 Other Fertilisers 0.12
Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 0.91 Prime Movers 1.38 Mining 0.08
LIC Housing Finance Ltd Housing Finance Services 0.89 Diversified 1.28 Mobile Cranes 0.07
Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.89 Storage Batteries 1.20 Service Activities Incidental To Oil & Gas Extra 0.06
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.83 Construction/ErectionandMaintenanceofPower 1.17 Steam Boilers 0.06
Punjab National Bank Banking Services 0.83 Paints & Varnishes 1.12 Transformers 0.04
Oriental Bank Of Commerce Banking Services 0.76 Copper & Copper Products 1.04 Corporate Bonds 10.60
Wipro Ltd Computer Software 0.74 Cosmetics/Soaps/Toiletries/Detergents 0.97 Cash Bank & Others 36.98
Zee News Ltd Media-Broadcasting 0.69 Utility Vehicles Including Jeeps 0.94 Total 100.00
Cesc Ltd Coal Based Thermal Electricity 0.67
Tata Steel Ltd Finished Steel 0.65
Punj Lloyd Ltd Civil Engineering 0.65
Tata Power Co Ltd Thermal Electricity 0.60
Sun Pharmaceutical Industries Ltd
Tata Motors Ltd
Drug Formulations
Heavy Commercial Vehicles
0.51
0.48 ASSET ALLOCATION
Union Bank Of India Banking Services 0.44
Glenmark Pharmaceuticals Ltd Drug Formulations 0.42 10.60%
Reliance Communication Ltd Cellular Mobile Phone Service 0.35
Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.35
Marico Ltd Edible Oils 0.34 52.43%
Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.30
Television Eighteen India Ltd Media-Broadcasting 0.18
Areva T&D India Ltd Switching Apparatus 0.16
ABB Ltd Switchgears 0.14
Voltas Limited Diversified 0.12
Tata Chemicals Ltd Other Fertilisers 0.12
36.98%
Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.10
Gujarat Nre Coke Ltd Mining 0.08
Elecon Engineering Co Ltd Material Handling Equipments 0.08
Siemens India Ltd Switching Apparatus 0.07 Equity Corporate Bonds Cash Bank & Others
Action Construction Equipments Ltd Mobile Cranes 0.07
Oil India Ltd Service Activities Incidental To Oil And Gas Extra 0.06
Thermax Limited Steam Boilers 0.06
Emco Ltd Transformers 0.04
Corporate Bonds 10.60
ASSET ALLOCATION % to NAV
8.40% Exim Bank 2010 AAA 4.66 Equity 52.42
8.83% IRFC 2012 AAA 3.57
9.50% HDFC 2013 AAA 1.21 Corporate Bonds 10.60
6.98% IRFC 2012 AAA 1.15
Cash Bank & Others 36.98 Cash Bank & Others 36.98
Cash Bank & Others 36.98
NET ASSETS 100.00
Net Assets 100.00 8
 Life Large
Cap Equity Fund
Investment Report January, 2010

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

NAV Calculation: Daily

Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE LARGE CAP EQUITY FUND (NAV [in Rs.] & S&P CNX NIFTY as on 29-Jan-10 is 9.5290 and 4882.05 respectively)
PERIOD DATE NAV S&P CNX NIFTY NAV Change INDEX Change
Last 1 Month 31-Dec-09 9.9790 5201.05 -4.51% -6.13%
Last 3 Month 30-Oct-09 9.1960 4711.70 3.62% 3.62%
Last 6 Month 31-Jul-09 8.8260 4636.45 7.97% 5.30%
Last 1 Year 30-Jan-09 5.6740 2874.80 67.94% 69.82%
Since Inception 07-Jan-08 10.0000 6279.10 -2.31% -11.48%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
PORTFOLIO
Instrument Industry % of NAV ASSET ALLOCATION
Equity 91.57
Reliance Industries Ltd Refinery 7.18 7.03%
Infosys Technologies Ltd Computer Software 5.94
ICICI Bank Ltd Banking Services 5.62
ITC Ltd Cigarettes 4.47 91.57%
HDFC Bank Banking Services 3.76
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 3.72
Bank Of Baroda Banking Services 3.19 1.40%
State Bank Of India Banking Services 3.16
Equity CD/CP's Cash Bank & Others
Bharat Heavy Electricals Ltd Prime Movers 2.96
HDFC Ltd Housing Finance Services 2.93
Oil & Natural Gas Corp Ltd Petroleum Oil 2.70
Sterlite Industries (India) Ltd Copper & Copper Products 2.67 ASSET ALLOCATION % to NAV
Bharti Airtel Ltd Cellular Mobile Phone Service 2.64
Crompton Greaves Ltd Motors & Generators 2.34 Equity 91.57
Mahindra And Mahindra Ltd
Axis Bank Ltd
Utility Vehicles Including Jeeps
Banking Services
2.10
2.09
CD/CP's 1.40
Sintex Industries Ltd Diversified 1.86 Cash Bank & Others 7.03
Cipla Ltd Drug Formulations 1.46 NET ASSETS 100.00
Exide Industries Ltd Storage Batteries 1.46
Mphasis Ltd Computer software 1.42 SECTOR STRATEGY
Tata Steel Ltd Finished Steel 1.40
Wipro Ltd Computer Software 1.40
Sector % to NAV Sector % to NAV
United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 1.33 Banking Services 20.44 Motorcycles 1.08
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.28 Computer Software 8.76 Retail Trade 1.05
Punjab National Bank Banking Services 1.24 Refinery 7.18 Coal Based Thermal Electricity 1.01
Oil India Ltd Service Activities Incidental To Oil & Gas Extra 1.21 Cigarettes 4.47 LPG Storage And Distribution 0.97
Gujarat State Petronet Ltd Lng Storage And Distribution 1.12 Industrial Contracts & Turnkey Projects 3.72 Cement 0.88
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.12 Drug Formulations 3.13 Switching Apparatus 0.79
Bajaj Auto Ltd - New Shs Motorcycles 1.08 Prime Movers 2.96 Thermal Electricity 0.79
Pantaloon Retail India Ltd Retail Trade 1.05 Housing Finance Services 2.93 Weaving, Manufacturing Of Man-Made Fiber 0.78
Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 1.03 Petroleum Oil 2.70 Heavy Commercial Vehicles 0.75
Cesc Ltd Coal Based Thermal Electricity 1.01 Copper & Copper Products 2.67 Manufacture Of Pharmaceuticals, Medicinal Chemical 0.67
Gail India Ltd LPG Storage And Distribution 0.97 Cellular Mobile Phone Service 2.64 Power Transmission Line Services 0.62
Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.95 Motors & Generators 2.34 Transformers 0.55
Grasim Industries Ltd Cement 0.88 Construction Of Roads, Bridges, Tunnels Etc. 2.22 Passenger Cars & Multi Utility Vehicles 0.53
ING Vysya Bank Ltd Banking services 0.83 Utility Vehicles Including Jeeps 2.10 Paints & Varnishes 0.46
Siemens India Ltd Switching Apparatus 0.79 Diversified 2.05 Securities And Stock Traders 0.44
NTPC Ltd Thermal Electricity 0.79 Storage Batteries 1.46 Material Handling Equipments 0.26
Finished Steel 1.40 Other Fertilisers 0.25
Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.78
Construction/Erection and Maintenance of Power 1.34 Hydro Electricity 0.19
Tata Motors Ltd Heavy Commercial Vehicles 0.75
Ethyl Alcohol (Strength Less Than 80) 1.33 Soaps 0.18
Sun Pharmaceutical Industries Ltd Drug Formulations 0.68
Service Activities Incidental To Oil & Gas Extra 1.21 CD/CP's 1.40
Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 0.67
Lng Storage And Distribution 1.12 Cash Bank & Others 7.03
Power Grid Corp Of India Ltd Power Transmission Line Services 0.62
Cosmetics/Soaps/Toiletries/Detergents 1.12 Total 100.00
Emco Ltd Transformers 0.55
Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.54
Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.53 SECTOR-WISE BREAK-UP
Union Bank Of India Banking Services 0.53 Banking Services
Refinery

Asian Paints (India) Ltd Paints & Varnishes 0.46 Industrial Contracts & Turnkey Projects
Prime Movers
Petroleum Oil
Glenmark Pharmaceuticals Ltd Drug Formulations 0.45 4.47% 3.72% 2.93%
Cellular Mobile Phone Service
Construction Of Roads, Bridges, Tunnels Etc.
8.76% 2.96%
Gmr Infrastructure Ltd Securities And Stock Traders 0.44 7.18%
3.13% 2.70% 2.64% Diversified
Finished Steel

DLF Ltd Construction/Erection and Maintenance of Power 0.31 2.67% 2.34% Ethyl Alcohol (Strength Less Than 80%)
20.44% 2.22%
Lng Storage And Distribution
Motorcycles

Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.26 2.10%

Coal Based Thermal Electricity
Cement
Thermal Electricity
Tata Chemicals Ltd Other Fertilisers 0.25 Heavy Commercial Vehicles
Power Transmission Line Services

Voltas Limited Diversified 0.19 2.05% Passenger Cars & Multi Utility Vehicles
Securities And Stock Traders
7.03% 1.46%
Other Fertilisers
NHPC Ltd Hydro Electricity 0.19 Soaps
1.40% Cash Bank & Others

Godrej Consumer Products Ltd Soaps 0.18 Computer Software

Cigarettes
1.40% 1.33% 1.34% Drug Formulations
CD/CP's 1.40 0.18% 1.21%
Housing Finance Services
Copper & Copper Products

Bank of Baroda 2010 - CD P1+ 0.70 1.12% 1.12%

Motors & Generators
Utility Vehicles Including Jeeps
0.19% 0.26% 1.08% Storage Batteries
State Bank of Patiala 2010 - CD P1+ 0.70 0.53% 1.05% Construction/Erection and Maintenance of Power

0.97% 1.01%
Service Activities Incidental To Oil And Gas Extra

Cash Bank & Others 7.03 0.25% 0.44% Cosmetics/Soaps/Toiletries/Detergents

0.55% Retail Trade

0.46% 0.88% LPG Storage And Distribution

Cash Bank & Others 7.03 0.62% 0.75%
Switching Apparatus
0.79% Weaving, Manufacturing Of Man-Made Fiber

Net Assets 100.00 0.79% Manufacture Of Pharmaceuticals, Medicinal Chemical

0.67% 0.78% Transformers
Paints & Varnishes
Material Handling Equipments
Hydro Electricity
CD/CP's 9
 Life Growth
Enabler Fund
Investment Report January, 2010

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

NAV Calculation: Daily

Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE GROWTH ENABLER FUND

(NAV [in Rs.] as on 29-Jan-10 is 10.6110)
ASSET ALLOCATION
PERIOD DATE NAV NAV Change INDEX Change
30.66%
Last 1 Month 31-Dec-09 10.7380 -1.18% -2.12% 57.38%
Last 3 Months 30-Oct-09 10.3560 2.46% 2.50%
11.96%
Last 6 Months 31-Jul-09 10.1840 4.19% 3.37%
Last 1 Year 30-Jan-09 8.5220 24.51% 30.74%
Since Inception 15-Oct-07 10.0000 2.62% 1.45% Equity Government Securities Cash Bank & Others

Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

PORTFOLIO SECTOR STRATEGY

Instrument Industry % of NAV Sector % to NAV
Equity 30.66
Banking Services 7.35
Reliance Industries Ltd Refinery 2.49
Refinery 2.49
Infosys Technologies Ltd Computer Software 1.87 Computer Software 2.23
ITC Ltd Cigarettes 1.77 Cigarettes 1.77
HDFC Bank Banking Services 1.69 Drug Formulations 1.41
ICICI Bank Ltd Banking Services 1.57 Prime Movers 1.36
Bharat Heavy Electricals Ltd Prime Movers 1.36 Petroleum Oil 1.24
Cellular Mobile Phone Service 1.22
Oil & Natural Gas Corp Ltd Petroleum Oil 1.24 Industrial Contracts & Turnkey Projects 1.13
State Bank Of India Banking Services 1.16 Thermal Electricity 1.08
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 1.13 Motors & Generators 0.98
Bharti Airtel Ltd Cellular Mobile Phone Service 0.98 Storage Batteries 0.84
Crompton Greaves Ltd Motors & Generators 0.98 Housing Finance Services 0.76
Electronics 0.73
Axis Bank Ltd Banking Services 0.97
Diversified 0.71
Bank Of Baroda Banking Services 0.87 Paints & Varnishes 0.70
Exide Industries Ltd Storage Batteries 0.84 All India Development Institutions (Dfis) 0.68
HDFC Ltd Housing Finance Services 0.76 Towers & Lattice Masts 0.63
Oriental Bank Of Commerce Banking Services 0.75 Copper & Copper Products 0.57
Construction Of Roads, Bridges, Tunnels Etc. 0.56
Bharat Electronics Ltd Electronics 0.73
Cosmetics/Soaps/Toiletries/Detergents 0.46
Sintex Industries Ltd Diversified 0.71 Finance Related Allied Activities 0.43
Asian Paints (India) Ltd Paints & Varnishes 0.70 Coal Based Thermal Electricity 0.37
Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.68 Construction/Erection and Maintenance of Power 0.29
Jyoti Structures Ltd Towers & Lattice Masts 0.63 Switching Apparatus 0.20
Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 0.62 Cement 0.19
Mining 0.15
NTPC Ltd Thermal Electricity 0.59
Mobile Cranes 0.07
Sterlite Industries (India) Ltd Copper & Copper Products 0.57 Material Handling Equipments 0.05
Sun Pharmaceutical Industries Ltd Drug Formulations 0.56 Government Securities 11.96
Tata Power Co Ltd Thermal Electricity 0.49 Cash Bank & Others 57.38
Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.46 Total 100.00
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.46
Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.43 SECTOR-WISE BREAK-UP
Cesc Ltd Coal Based Thermal Electricity 0.37 57.38%

Wipro Ltd Computer Software 0.37

Punjab National Bank Banking Services 0.34 7.35%
2.49%
11.96%
Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.29 2.23%
0.05%
Reliance Communication Ltd Cellular Mobile Phone Service 0.24 1.77%
1.41%
0.07% 1.36%
Glenmark Pharmaceuticals Ltd Drug Formulations 0.23 0.15%
1.22%
1.24%
1.13%
Areva T&D India Ltd Switching Apparatus 0.20 0.19%
0.20%
0.29%
1.08%

Ambuja Cements Ltd Cement 0.19 0.37%

0.43% 0.56% 0.68%
0.98%
0.76%0.84%
Gujarat Nre Coke Ltd Mining 0.15 0.46%
0.57% 0.63% 0.70% 0.71% 0.73%

Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.10 Banking Services Refinery
Computer Software Cigarettes

Action Construction Equipments Ltd Mobile Cranes 0.07 Drug Formulations

Petroleum Oil
Industrial Contracts & Turnkey Projects
Prime Movers
Cellular Mobile Phone Service
Thermal Electricity
Motors & Generators Storage Batteries

Elecon Engineering Co Ltd Material Handling Equipments 0.05 Housing Finance Services
Diversified
All India Development Institutions (Dfis)
Electronics
Paints & Varnishes
Towers & Lattice Masts
Copper & Copper Products Construction Of Roads, Bridges, Tunnels Etc.

Government Securities 11.96 Cosmetics/Soaps/Toiletries/Detergents

Coal Based Thermal Electricity
Switching Apparatus
Finance Related Allied Activities
Construction/Erection and Maintenance of Power
Cement
Mining Mobile Cranes

9.39% GOI 2011 Sovereign 11.96

Material Handling Equipments Government Securities
Cash Bank & Others

CASH BANK & OTHERS 57.38

Cash Bank & Others 57.38
Net Assets 100.00
ASSET ALLOCATION % to NAV
Equity 30.66
Government Securities 11.96
Cash Bank & Others 57.38
Net Assets 100.00 10
 Life Capital
Guarantee Fund
Investment Report January, 2010

Investment Objective: The key objective of the fund is to protect the capital by investing in high quality fixed income securities and at the
same time provide access to the upside potential of equities by investing a maximum of 15% in equities and equity linked instruments.

NAV Calculation: Daily

Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE CAPITAL GUARANTEE FUND (NAV [in Rs.] as on 29-Jan-10 is 11.5090)
)
PERIOD DATE NAV NAV Change INDEX Change ASSET ALLOCATION
Last 1 Month 31-Dec-09 11.5290 -0.17% -0.44% 8.66%
Last 3 Months 30-Oct-09 11.4230 0.75% 2.03%
Last 6 Months 31-Jul-09 11.3120 1.74% 2.57% 30.45%

Last 1 Year 30-Jan-09 10.7450 7.11% 14.46%

60.89%
Since Inception 15-Oct-07 10.0000 6.32% 4.68%
Equity Corporate Bonds Cash Bank & Others
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

PORTFOLIO SECTOR STRATEGY

Instrument Industry % of NAV Sector % to NAV
Equity 8.66
Banking Services 1.63
Reliance Industries Ltd Refinery 0.83
Computer Software 0.93
Infosys Technologies Ltd Computer Software 0.61
Refinery 0.83
ICICI Bank Ltd Banking Services 0.52 Finished Steel 0.46
ITC Ltd Cigarettes 0.44 Thermal Electricity 0.44
HDFC Bank Banking Services 0.40 Cigarettes 0.44
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 0.40 Industrial Contracts & Turnkey Projects 0.40
Oil & Natural Gas Corp Ltd Petroleum Oil 0.36 Petroleum Oil 0.36
Bharti Airtel Ltd Cellular Mobile Phone Service 0.35 Cellular Mobile Phone Service 0.35
State Bank Of India Banking Services 0.34 Prime Movers 0.32
Housing Finance Services 0.28
Bharat Heavy Electricals Ltd Prime Movers 0.32
Copper & Copper Products 0.27
Tata Steel Ltd Finished Steel 0.31
Cosmetics/Soaps/Toiletries/Detergents 0.22
HDFC Ltd Housing Finance Services 0.28 Utility Vehicles Including Jeeps 0.20
Sterlite Industries (India) Ltd Copper & Copper Products 0.27 Drug Formulations 0.19
Axis Bank Ltd Banking Services 0.25 Cement 0.17
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.22 Heavy Commercial Vehicles 0.15
Wipro Ltd Computer Software 0.21 Power Transmission Line Services 0.15
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.20 Weaving, Manufacturing Of Man-Made Fiber 0.14
Grasim Industries Ltd Cement 0.17 Construction Of Roads, Bridges, Tunnels Etc. 0.14
Steel Authority Of India Ltd Finished Steel 0.15 Iron And Steel 0.12
Switchgears 0.11
NTPC Ltd Thermal Electricity 0.15
LPG Storage And Distribution 0.10
Tata Power Co Ltd Thermal Electricity 0.15
Passenger Cars & Multi Utility Vehicles 0.09
Tata Motors Ltd Heavy Commercial Vehicles 0.15 Construction/Erection and Maintenance of Power 0.09
Power Grid Corp Of India Ltd Power Transmission Line Services 0.15 Refineries 0.08
Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.14 Corporate Bonds 60.89
Reliance Infrastructure Thermal Electricity 0.14 Cash Bank & Others 30.45
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.14 Total 100.00
Jindal Steel & Power Ltd Iron And Steel 0.12
ABB Ltd Switchgears 0.11
Punjab National Bank Banking Services 0.10 SECTOR-WISE BREAK-UP
Gail India Ltd LPG Storage And Distribution 0.10
0.09%
HCL Technologies Ltd Computer Software 0.10 0.10%
0.09% 60.89%
0.08%
Sun Pharmaceutical Industries Ltd Drug Formulations 0.10 0.11%
0.12%
Cipla Ltd Drug Formulations 0.09
0.14%
Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.09 0.14%
DLF Ltd Construction/Erection and Maintenance of Power 0.09 0.15% Banking Services
Refinery
0.15% Thermal Electricity

Indian Oil Corp Ltd Refineries 0.08 0.17%

Industrial Contracts & Turnkey Projects
Cellular Mobile Phone Service
Housing Finance Services
0.20%
Corporate Bonds 60.89 0.19% Cosmetics/Soaps/Toiletries/Detergents
Drug Formulations
0.22% Heavy Commercial Vehicles
Weaving, Manufacturing Of Man-Made Fiber
9.45% LIC Housing 2012 AAA 17.30 0.27%
Iron And Steel
LPG Storage And Distribution
30.45% Construction/Erection and Maintenance of Power
0.28%
7.90% RECL 2012 AAA 13.35 0.32%
Corporate Bonds
Computer Software
1.63% Finished Steel

7.4% Infrastructure 2012 AAA 9.92 0.35% 0.46%

0.44% 0.93%
Cigarettes
Petroleum Oil
Prime Movers
0.36% 0.44% 0.83% Copper & Copper Products
9.50% HDFC 2013 AAA 6.97 0.40%
Utility Vehicles Including Jeeps
Cement
Power Transmission Line Services

8.40% Exim Bank 2010 AAA 6.71 Construction Of Roads, Bridges, Tunnels Etc.
Switchgears
Passenger Cars & Multi Utility Vehicles

7.20% HDFC 2010 AAA 6.65 Refineries

Cash Bank & Others

CASH BANK & OTHERS 30.45

Cash Bank & Others 30.45
Net Assets 100.00
ASSET ALLOCATION % to NAV
Equity 8.66
Corporate Bonds 60.89
Cash Bank & Others 30.45
Net Assets 100.00 11
 Life Select
Equity Fund
Investment Report January, 2010

Investment Objective: The primary investment objective of the fund is to provide income distribution over a period of medium to long
term while at all times emphasizing the importance of capital appreciation. The fund will invest significant amount in equity and equity
linked instruments specifically excluding companies predominantly dealing in Gambling, Lotteries/Contests, Animal Produce, Liquor,
Tobacco, Entertainment (Films, TV etc) Hotels, Banks and Financial Institutions.

NAV Calculation: Daily

Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - LIFE SELECT EQUITY FUND

ASSET ALLOCATION
(NAV [in Rs.] & S & P India 500 Shariah Index as on 29-Jan-10 is 15.1660 and 1198.63 respectively)
S & P India 500
PERIOD DATE NAV Shariah INDEX NAV Change INDEX Change 87.29%

Last 1 Month 31-Dec-09 15.8580 1269.50 -4.36% -5.58%

12.71%
Last 3 Month 30-Oct-09 14.4660 1132.92 4.84% 5.80%
Last 6 Month 31-Jul-09 13.9520 1104.92 8.70% 8.48% Equity Cash, Bank & Others (Non Interest Bearing Securities)

Last 1 Year 30-Jan-09 10.0560 648.91 50.82% 84.71%

Since Inception 06-Oct-08 10.0000 844.46 37.26% 30.52% ASSET ALLOCATION % to NAV
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
Equity 87.29
PORTFOLIO Cash, Bank and Others – Non Interest Bearing Securities 12.71
Instrument Industry % of NAV NET ASSETS 100.00
Equity 87.29
Reliance Industries Ltd Refinery 8.58
SECTOR STRATEGY
Infosys Technologies Ltd Computer Software 6.64 Sector % to NAV
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 5.31 Computer software 13.28
Bharat Heavy Electricals Ltd Prime Movers 3.95 Refinery 8.58
Oil & Natural Gas Corp Ltd Petroleum Oil 3.60 Drug Formulations 8.47
Bharti Airtel Ltd Cellular Mobile Phone Service 2.97 Industrial Contracts & Turnkey Projects 6.29
Crompton Greaves Ltd Motors & Generators 2.91 Prime Movers 3.95
Petroleum Oil 3.60
Cadila Healthcare Ltd Drug formulations 2.66
Cosmetics/Soaps/Toiletries/Detergents 3.37
Lupin Ltd Drugs & Pharmaceuticals 2.55 Cellular Mobile Phone Service 2.97
Mphasis Ltd Computer software 2.43 Motors & Generators 2.91
Gail India Ltd LPG Storage And Distribution 2.35 Motorcycles 2.61
Patni Computer Systems Ltd Computer Software 2.28 Drugs & Pharmaceuticals 2.55
LPG Storage And Distribution 2.35
Castrol India Ltd Lube oils & lubricants 2.25
Lube oils & lubricants 2.25
Asian Paints (India) Ltd Paints & Varnishes 2.21 Paints & Varnishes 2.21
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 2.17 Cement 2.08
Cipla Ltd Drug Formulations 2.13 Passenger Cars & Multi Utility Vehicles 2.07
Ultratech Cement Ltd Cement 2.08 Thermal Electricity 1.92
Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 2.07 Iron And Steel 1.87
Manufacture Of Pharmaceuticals, Medicinal Chemical 1.67
Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 1.98
Storage Batteries 1.66
Wipro Ltd Computer Software 1.93 Finished Steel 1.60
NTPC Ltd Thermal Electricity 1.92 LNG Storage & Distribution 1.23
Jindal Steel & Power Ltd Iron And Steel 1.87 Switching Apparatus 0.96
Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 1.67 Minerals 0.93
Pharmaceuticals 0.91
Exide Industries Ltd Storage Batteries 1.66
Switchgears 0.91
Steel Authority Of India Ltd Finished Steel 1.60 Transport Services Support Systems 0.88
Bajaj Auto Ltd - New Shs Motorcycles 1.56 Pesticides & Pesticide Intermediates, Nec 0.81
Glenmark Pharmaceuticals Ltd Drug Formulations 1.26 Preparation For Oral Or Dental Hygiene 0.81
Gujarat Gas Company Ltd LNG Storage & Distribution 1.23 Steam Boilers 0.68
Dabur India Ltd Cosmetics/Soaps/Toiletries/Detergents 1.20 Edible Oils 0.51
Electronics 0.41
Hero Honda Motors Ltd Motorcycles 1.05 Cash Bank & Others( Non Interest Bearing Securities) 12.71
Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.98 Total 100.00
Siemens India Ltd Switching Apparatus 0.96
Sesa Goa Ltd Minerals 0.93
Divi's Laboratories Ltd Pharmaceuticals 0.91 SECTOR-WISE BREAK-UP
6.29% 2.97%
ABB Ltd Switchgears 0.91 8.58%
8.47% 3.95% 3.37%
2.91%
3.60%

Container Corp Of India Ltd Transport Services Support Systems 0.88 2.61%

2.55%

United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 0.81 2.35%
2.25%
13.28%
Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 0.81 12.71%
2.21%

Thermax Limited Steam Boilers 0.68 2.08%

2.07%

Marico Ltd Edible Oils 0.51 0.41%

1.87%
1.92%

Sun Pharmaceutical Industries Ltd Drug Formulations 0.44 1.67% Computer software
0.51% Drug Formulations
Prime Movers
0.68% 0.91% 1.66% Cosmetics/Soaps/Toiletries/Detergents
Motors & Generators

Bharat Electronics Ltd Electronics 0.41 0.81% 0.91%

0.93%
0.96% 1.23%
1.60% Drugs & Pharmaceuticals
Lube oils & lubricants
Cement
Thermal Electricity
0.81% Manufacture Of Pharmaceuticals, Medicinal Chemical
0.88%
Cash Bank & Others - Non Interest Bearing Securities 12.71 Finished Steel
Switching Apparatus
Pharmaceuticals
Transport Services Support Systems
Preparation For Oral Or Dental Hygiene

Cash Bank & Others( Non Interest Bearing Securities) 12.71 Edible Oils
Cash Bank & Others( Non Interest Bearing Securities)
Refinery
Industrial Contracts & Turnkey Projects

Net Assets 100.00 Petroleum Oil

Cellular Mobile Phone Service
Motorcycles
LPG Storage And Distribution
Paints & Varnishes
Passenger Cars & Multi Utility Vehicles
Iron And Steel
Storage Batteries
LNG Storage & Distribution
Minerals
Switchgears
Pesticides & Pesticide Intermediates, Nec

12
Steam Boilers
Electronics
 110% Capital
Guarantee Fund
Investment Report January, 2010

Investment Objective: The key objective of the fund is to provide steady returns to the policyholder with the assurance of protecting
the capital at least 110% of the capital.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - 110% CAPITAL GUARANTEE FUND (NAV [in Rs.] as on 29-Jan-10 is 10.7000)

PERIOD DATE NAV NAV Change INDEX Change ASSET ALLOCATION

52.61%
Last 1 Month 31-Dec-09 10.7280 -0.26% -0.44%
Last 3 Months 30-Oct-09 10.6470 0.50% 2.03%
Last 6 Months 31-Jul-09 10.5810 1.12% 2.57%
Last 1 Year 30-Jan-09 10.1100 5.84% 14.46%
Since Inception 10-Nov-08 10.0000 5.71% 14.54% 8.69%
% to NAV 38.70%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
Equity Corporate Bonds Cash Bank & Others
PORTFOLIO
Instrument Industry % of NAV
Equity 8.69 SECTOR STRATEGY
Reliance Industries Ltd Refinery 0.83
Infosys Technologies Ltd Computer Software 0.62
Sector
ICICI Bank Ltd Banking Services 0.52 Banking Services 1.63
Computer Software 0.93
ITC Ltd Cigarettes 0.44 Refinery 0.83
HDFC Bank Banking Services 0.41 Finished Steel 0.46
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 0.40 Thermal Electricity 0.44
Oil & Natural Gas Corp Ltd Petroleum Oil 0.36 Cigarettes 0.44
Bharti Airtel Ltd Cellular Mobile Phone Service 0.36 Industrial Contracts & Turnkey Projects 0.40
Petroleum Oil 0.36
State Bank Of India Banking Services 0.34
Cellular Mobile Phone Service 0.36
Bharat Heavy Electricals Ltd Prime Movers 0.32 Prime Movers 0.32
Tata Steel Ltd Finished Steel 0.31 Housing Finance Services 0.28
HDFC Ltd Housing Finance Services 0.28 Copper & Copper Products 0.28
Sterlite Industries (India) Ltd Copper & Copper Products 0.28 Cosmetics/Soaps/Toiletries/Detergents 0.22
Utility Vehicles Including Jeeps 0.20
Axis Bank Ltd Banking Services 0.26
Drug Formulations 0.19
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.22 Cement 0.17
Wipro Ltd Computer Software 0.22 Heavy Commercial Vehicles 0.15
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.20 Power Transmission Line Services 0.15
Grasim Industries Ltd Cement 0.17 Weaving, Manufacturing Of Man-Made Fiber 0.14
Steel Authority Of India Ltd Finished Steel 0.15 Construction Of Roads, Bridges, Tunnels Etc. 0.14
Iron And Steel 0.13
NTPC Ltd Thermal Electricity 0.15 Switchgears 0.11
Tata Power Co Ltd Thermal Electricity 0.15 LPG Storage And Distribution 0.10
Tata Motors Ltd Heavy Commercial Vehicles 0.15 Passenger Cars & Multi Utility Vehicles 0.09
Power Grid Corp Of India Ltd Power Transmission Line Services 0.15 Construction/Erection and Maintenance of Power 0.09
Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.14 Refineries 0.08
Corporate Bonds 52.61
Reliance Infrastructure Thermal Electricity 0.14
Cash Bank & Others 38.70
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.14 Total 100.00
Jindal Steel & Power Ltd Iron And Steel 0.13
ABB Ltd Switchgears 0.11
Punjab National Bank Banking Services 0.10 SECTOR-WISE BREAK-UP
Gail India Ltd LPG Storage And Distribution 0.10
0.14% 0.13% 0.11% 0.10% 0.09%
HCL Technologies Ltd Computer Software 0.10 0.15%0.14%
0.09%
0.15% 0.08%
Sun Pharmaceutical Industries Ltd Drug Formulations 0.10 0.17%
52.61%

Cipla Ltd Drug Formulations 0.09 0.19%

0.20%
Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.09 0.22%
0.28%
DLF Ltd Construction/Erection and Maintenance of Power 0.09 0.28%
0.32% 0.36%

Indian Oil Corp Ltd Refineries 0.08 0.36%

0.40% Banking Services

Corporate Bonds 52.61 0.44%

38.70% Refinery
Thermal Electricity
Industrial Contracts & Turnkey Projects
Cellular Mobile Phone Service

9.45% LIC Housing 2012 AAA 17.35 0.44%

Housing Finance Services
Cosmetics/Soaps/Toiletries/Detergents
Drug Formulations
Heavy Commercial Vehicles
0.46%
7.40% Infrastructure 2012 AAA 16.59 Weaving, Manufacturing Of Man-Made Fiber
Iron And Steel
LPG Storage And Distribution
0.83% Construction/Erection and Maintenance of Power

9.20% Power Grid 2015 AAA 8.60 0.93%

Corporate Bonds
Computer Software
Finished Steel
Cigarettes

8.40% Exim Bank 2010 AAA 6.73 1.63%

Petroleum Oil
Prime Movers
Copper & Copper Products
Utility Vehicles Including Jeeps

7.20% HDFC 2010 AAA 3.33 Cement

Power Transmission Line Services
Construction Of Roads, Bridges, Tunnels Etc.
Switchgears

CASH BANK & OTHERS 38.70 Passenger Cars & Multi Utility Vehicles
Refineries
Cash Bank & Others

Cash Bank & Others 38.70

Net Assets 100.00
ASSET ALLOCATION % to NAV
Equity 8.69
Corporate Bonds 52.61
Cash Bank & Others 38.70
Net Assets 100.00 13
 Tata AIG
Top 50
Investment Report January, 2010

Investment Objective: The fund will invest primarily in select stocks and equity linked instruments which are a part of Nifty 50 Index
with a focus on generating long term capital appreciation. The Fund will not replicate the index, but aim to attain performance better
than the performance of the Index.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar
PERFORMANCE - TATA-AIG TOP 50
(NAV [in Rs.] & S & P CNX Nifty as on 29-Jan-10 is 14.9060 and 4882.05 respectively)
Asset Allocation
PERIOD DATE NAV S&P CNX Nifty NAV Change INDEX Change
Last 1 Month 31-Dec-09 15.7550 5201.05 -5.39% -6.13%
87.70%
Last 3 Month 30-Oct-09 14.5160 4711.70 2.69% 3.62%
Last 6 Month 31-Jul-09 14.2890 4636.45 4.32% 5.30%
12.30%
Last 1 Year 30-Jan-09 10.0200 2874.80 48.76% 69.82%
Since Inception 12-Jan-09 10.0000 2773.10 46.44% 71.67%
Equity Cash, Bank & Others
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

SECTOR STRATEGY
Sector % to NAV PORTFOLIO
Banking Services 16.77 Instrument Industry % of NAV
Computer Software 10.18 Equity 87.70
Refinery 9.09 Reliance Industries Ltd Refinery 8.65
Industrial Contracts & Turnkey Projects 4.71 Infosys Technologies Ltd Computer Software 7.16
Cigarettes 4.13 ICICI Bank Ltd Banking Services 6.18
Thermal Electricity 3.70 Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 4.71
Cellular Mobile Phone Service 3.60 HDFC Bank Banking Services 4.31
Finished Steel 3.36 ITC Ltd Cigarettes 4.13
Prime Movers 3.18 State Bank Of India Banking Services 3.23
Petroleum Oil 3.17 Bharat Heavy Electricals Ltd Prime Movers 3.18
Housing Finance Services 2.96 Oil & Natural Gas Corp Ltd Petroleum Oil 3.17
Copper & Copper Products 2.80 Bharti Airtel Ltd Cellular Mobile Phone Service 3.04
Drug Formulations 2.69 HDFC Ltd Housing Finance Services 2.96
Passenger Cars & Multi Utility Vehicles 2.30 Sterlite Industries (India) Ltd Copper & Copper Products 2.80
Utility Vehicles Including Jeeps 2.10 Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 2.30
Cement 1.70 Axis Bank Ltd Banking Services 2.12
Iron And Steel 1.56 Tata Steel Ltd Finished Steel 2.12
Cosmetics/Soaps/Toiletries/Detergents 1.50 Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 2.10
LPG Storage And Distribution 1.22 Wipro Ltd Computer Software 1.87
Heavy Commercial Vehicles 1.15 Cipla Ltd Drug Formulations 1.84
Construction Of Roads, Bridges, Tunnels Etc. 1.14 NTPC Ltd Thermal Electricity 1.77
Switching Apparatus 1.06 Grasim Industries Ltd Cement 1.61
Switchgears 1.01 Jindal Steel & Power Ltd Iron And Steel 1.56
Aluminium, Unwrought 0.97 Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.50
Wind Turbines (Wind Electricity Generator) 0.77 Reliance Infrastructure Thermal Electricity 1.28
Power Transmission Line Services 0.65 Steel Authority Of India Ltd Finished Steel 1.24
Construction/Erection & Maintenance of Power 0.25 Gail India Ltd LPG Storage And Distribution 1.22
Cash Bank & Others 12.30 Tata Motors Ltd Heavy Commercial Vehicles 1.15
Total 100.00 HCL Technologies Ltd Computer Software 1.15
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.14
Siemens India Ltd Switching Apparatus 1.06
ABB Ltd Switchgears 1.01
SECTORWISE BREAK-UP Hindalco Industries Ltd
Punjab National Bank
Aluminium, Unwrought
Banking Services
0.97
0.93
4.13%
4.71%
3.70% Sun Pharmaceutical Industries Ltd Drug Formulations 0.85
10.18% 9.09% Suzlon Energy Ltd Wind Turbines (Wind Electricity Generator) 0.77
16.77%
Power Grid Corp Of India Ltd Power Transmission Line Services 0.65
3.60% Tata Power Co Ltd Thermal Electricity 0.65
3.36% Reliance Communication Ltd Cellular Mobile Phone Service 0.56
12.30% 3.18% Bharat Petroleum Corp Ltd Refinery 0.45
3.17% DLF Ltd Construction/Erection and Maintenance of Power 0.25
0.25%
0.65% 2.80% Ambuja Cements Ltd Cement 0.08
0.77%
0.97% 2.10%
2.69% 2.96% Cash Bank & Others 12.30
2.30%
1.01% Cash Bank & Others 12.30
1.56% 1.70%
1.06%
1.14% 1.50%
Net Assets 100.00
1.15% 1.22%

Banking Services Computer Software

Refinery Industrial Contracts & Turnkey Projects
Thermal Electricity
Cigarettes
Cellular Mobile Phone Service
Prime Movers
Finished Steel
Petroleum Oil
ASSET ALLOCATION % to NAV
Housing Finance Services Copper & Copper Products
Drug Formulations
Utility Vehicles Including Jeeps
Iron And Steel
Passenger Cars & Multi Utility Vehicles
Cement
Cosmetics/Soaps/Toiletries/Detergents
Equity 87.70
LPG Storage And Distribution Heavy Commercial Vehicles
Construction Of Roads, Bridges, Tunnels Etc.
Switchgears
Switching Apparatus
Aluminium, Unwrought
Power Transmission Line Services
Cash, Bank & Others 12.30
Wind Turbines (Wind Electricity Generator)
Construction/Erection and Maintenance of Power Cash Bank & Others
Net Assets 100.00
14
 Tata AIG
Top 200
Investment Report January, 2010

Investment Objective: The fund will invest primarily in select stocks and equity linked instruments which are a part of BSE 200 Index
with a focus on generating long-term capital appreciation. The Fund will not replicate the index but aim to attain performance better
than the performance of the Index.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar
PERFORMANCE - TATA AIG TOP 200
(NAV [in Rs.] & BSE 200 as on 29-Jan-10 is 16.4470 and 2065.21 respectively)
Asset Allocation
PERIOD DATE NAV BSE 200 NAV Change INDEX Change 85.52%

Last 1 Month 31-Dec-09 17.2380 2180.25 -4.59% -5.28%

Last 3 Month 30-Oct-09 15.8400 1962.88 3.83% 5.21%
Last 6 Month 31-Jul-09 15.1930 1909.63 8.25% 8.15%
Last 1 Year 30-Jan-09 10.0180 1107.06 64.17% 86.55%
14.48%
Since Inception 12-Jan-09 10.0000 1091.37 60.87% 83.94% Equity Cash Bank & Others
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

SECTOR STRATEGY PORTFOLIO

Sector % to NAV Instrument Industry % of NAV
Equity 85.52
Banking Services 14.52 Reliance Industries Ltd Refinery 6.25
Computer Software 8.31 Infosys Technologies Ltd Computer Software 4.70
Refinery 6.25 HDFC Bank Banking Services 4.01
Cigarettes 3.17 ICICI Bank Ltd Banking Services 3.50
ITC Ltd Cigarettes 3.17
Industrial Contracts & Turnkey Projects 3.00 Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 3.00
Thermal Electricity 2.77 Bharat Heavy Electricals Ltd Prime Movers 2.11
Drug Formulations 2.67 Bharti Airtel Ltd Cellular Mobile Phone Service 1.94
Petroleum Oil 2.30 Oil & Natural Gas Corp Ltd Petroleum Oil 1.93
Housing Finance Services 2.22 Sterlite Industries (India) Ltd Copper & Copper Products 1.85
Lupin Ltd Drugs & Pharmaceuticals 1.75
Prime Movers 2.11 HDFC Ltd Housing Finance Services 1.68
Cellular Mobile Phone Service 2.06 Jindal Steel & Power Ltd Iron And Steel 1.54
Finished Steel 2.00 Crompton Greaves Ltd Motors & Generators 1.53
Cement 1.89 Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 1.49
State Bank Of India Banking Services 1.45
Copper & Copper Products 1.85 Mphasis Ltd Computer software 1.43
Construction Of Roads, Bridges, Tunnels Etc. 1.83 Nestle India Ltd Dairy products 1.42
Drugs & Pharmaceuticals 1.75 Tata Steel Ltd Finished Steel 1.40
Iron And Steel 1.54 Wipro Ltd Computer Software 1.37
Motors & Generators 1.53 Cipla Ltd Drug Formulations 1.34
Divi'S Laboratories Ltd Pharmaceuticals 1.29
Weaving, Manufacturing Of Man-Made Fiber 1.49 Axis Bank Ltd Banking Services 1.26
Dairy products 1.42 Bajaj Auto Ltd - New Shs Motorcycles 1.23
Pharmaceuticals 1.29 Bank Of Baroda Banking Services 1.21
Motorcycles 1.23 Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 1.17
Passenger Cars & Multi Utility Vehicles 1.17 NTPC Ltd Thermal Electricity 1.13
Gail India Ltd LPG Storage And Distribution 1.11
LPG Storage And Distribution 1.11 Reliance Infrastructure Thermal Electricity 1.09
Paints & Varnishes 1.04 Federal Bank Ltd Banking services 1.08
All India Development Institutions (Dfis) 1.01 Asian Paints (India) Ltd Paints & Varnishes 1.04
Heavy Commercial Vehicles 0.98 Sun Pharmaceutical Industries Ltd Drug Formulations 1.04
Coal Based Thermal Electricity 0.96 Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 1.01
Ultratech Cement Ltd Cement 0.98
Manufacture Of Pharmaceuticals, Medicinal Chemical 0.94 Tata Motors Ltd Heavy Commercial Vehicles 0.98
Utility Vehicles Including Jeeps 0.93 Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.97
Diversified 0.88 Cesc Ltd Coal Based Thermal Electricity 0.96
Pesticides & Pesticide Intermediates, Nec 0.87 Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 0.94
Cosmetics/Soaps/Toiletries/Detergents 0.85 Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.93
Grasim Industries Ltd Cement 0.91
Refineries 0.85 Sintex Industries Ltd Diversified 0.88
Civil engineering works 0.82 United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 0.87
Storage Batteries 0.78 Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.87
Ethyl Alcohol (Strength Less Than 80) 0.78 Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.85
Indian Oil Corp Ltd Refineries 0.85
Switchgears 0.68 Lanco Infratech Ltd Civil engineering works 0.82
Retail Trade 0.60 Patni Computer Systems Ltd Computer Software 0.81
Wind Turbines (Wind Electricity Generator) 0.54 Exide Industries Ltd Storage Batteries 0.78
Minerals 0.49 United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.78
Electronics 0.48 ABB Ltd Switchgears 0.68
Punjab National Bank Banking Services 0.63
Construction/Erection and Maintenance of Power 0.35 Steel Authority Of India Ltd Finished Steel 0.60
Transport Services Support Systems 0.34 Pantaloon Retail India Ltd Retail Trade 0.60
Switching Apparatus 0.34 Union Bank Of India Banking Services 0.57
Media-Broadcasting 0.22 Tata Power Co Ltd Thermal Electricity 0.55
Civil Engineering 0.20 Suzlon Energy Ltd Wind Turbines (Wind Electricity Generator) 0.54
LIC Housing Finance Ltd Housing Finance Services 0.54
Securities And Stock Traders 0.08 Sesa Goa Ltd Minerals 0.49
Cash Bank & Others 14.48 Bharat Electronics Ltd Electronics 0.48
Total 100.00 Oriental Bank Of Commerce Banking Services 0.47
Cairn India Ltd Petroleum Oil 0.37
Dlf Ltd Construction/Erection and Maintenance of Power 0.35

SECTOR-WISE BREAKUP Container Corp Of India Ltd

Siemens India Ltd
Bank Of India
Transport Services Support Systems
Switching Apparatus
Banking Services
0.34
0.34
0.33
0.48%
0.34% 0.34%
0.22%
0.08%
Zee Entertainment Enterprises Ltd Media-Broadcasting 0.22
0.35% 0.20%
0.49% Punj Lloyd Ltd Civil Engineering 0.20
0.54%
0.60%
14.48%
8.31% 6.25% Piramal Healthcare Limited Drug Formulations 0.18
14.52%
0.68%
0.78%
3.17% Reliance Communication Ltd Cellular Mobile Phone Service 0.12
0.78% 3.00% Glenmark Pharmaceuticals Ltd Drug Formulations 0.12
0.82%
0.85% 2.77%
Gmr Infrastructure Ltd Securities And Stock Traders 0.08
2.67%
0.85%
0.87% Cash Bank & Others 14.48
0.88%
0.93%
2.30%
2.22% Cash Bank & Others 14.48
2.11%
0.94%
0.96% 2.06%
Net Assets 100.00
1.89% 2.00%
0.98%
1.01% 1.23% 1.85%
1.29% 1.83%
1.04% 1.75%
1.42% 1.53%

ASSET ALLOCATION % to NAV

1.11% 1.54%
1.17% 1.49%

Banking Services Computer Software

Refinery Cigarettes
Industrial Contracts & Turnkey Projects Thermal Electricity

Equity 85.52
Drug Formulations Petroleum Oil
Housing Finance Services Prime Movers
Cellular Mobile Phone Service Finished Steel
Cement Copper & Copper Products
Construction Of Roads, Bridges, Tunnels Etc. Drugs & Pharmaceuticals
Iron And Steel Motors & Generators
Weaving, Manufacturing Of Man-Made Fiber Dairy products
Pharmaceuticals Motorcycles
Passenger Cars & Multi Utility Vehicles
Paints & Varnishes
Heavy Commercial Vehicles
Manufacture Of Pharmaceuticals, Medicinal Chemical
Diversified
Cosmetics/Soaps/Toiletries/Detergents
LPG Storage And Distribution
All India Development Institutions (Dfis)
Coal Based Thermal Electricity
Utility Vehicles Including Jeeps
Pesticides & Pesticide Intermediates, Nec
Refineries
Cash, Bank & Others 14.48
Civil engineering works Storage Batteries

Net Assets 100.00

Ethyl Alcohol (Strength Less Than 80%) Switchgears

15
Retail Trade Wind Turbines (Wind Electricity Generator)
Minerals Electronics
 Tata AIG
Aggressive Flexi Fund
Investment Report January, 2010

Investment Objective: It is a Equity Oriented Balanced Fund which primarily invests in large cap equity stocks and equity linked
instruments along with Government Bonds and highly rated Fixed Income Instruments, with an objective to maximize the returns with
medium to high risk. The fund endeavours to offer long term capital appreciation along with the stable returns over a long period of time.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar
PERFORMANCE - TATA AIG AGGRESSIVE FLEXI FUND (NAV [in Rs.] as on 29-Jan-10 is 10.3900)
PERIOD DATE NAV NAV Change INDEX Change
Last 1 Month 31-Dec-09 10.5190 -1.23% -1.78%
Last 3 Months 30-Oct-09 10.1650 2.21% 2.41%
Last 6 Months 31-Jul-09 10.2420 1.45% 3.21%
Last 1 Year 30-Jan-09 10.0090 3.81% 27.49%
Since Inception 12-Jan-09 10.0000 3.72% 28.04%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR. ASSET ALLOCATION % to NAV
PORTFOLIO Equity 26.37
Instrument Industry % of NAV Corporate Bonds 12.53
Equity 26.37
Reliance Industries Ltd Refinery 2.23 Cash Bank & Others 61.10
Infosys Technologies Ltd Computer Software 1.96
Bharat Heavy Electricals Ltd Prime Movers 1.10 Net Assets 100.00
ICICI Bank Ltd Banking Services 1.01
Oil & Natural Gas Corp Ltd Petroleum Oil 1.00
HDFC Bank
Cipla Ltd
Banking Services
Drug Formulations
0.99
0.97
SECTOR STRATEGY
ITC Ltd
Larsen And Toubro Ltd
Cigarettes
Industrial Contracts & Turnkey Projects
0.92
0.87
Sector % to NAV
Axis Bank Ltd Banking Services 0.81 Banking Services 4.04
Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 0.81 Computer Software 2.97
Grasim Industries Ltd Cement 0.79 Refinery 2.23
Jindal Steel & Power Ltd Iron And Steel 0.77
Bharti Airtel Ltd Cellular Mobile Phone Service 0.75
Drug Formulations 1.91
HDFC Ltd Housing Finance Services 0.73 Prime Movers 1.10
State Bank Of India Banking Services 0.69 Petroleum Oil 1.00
Sterlite Industries (India) Ltd Copper & Copper Products 0.69 Cigarettes 0.92
Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.68
Industrial Contracts & Turnkey Projects 0.87
Steel Authority Of India Ltd Finished Steel 0.65
Crompton Greaves Ltd Motors & Generators 0.60 Cellular Mobile Phone Service 0.83
Bank Of Baroda Banking Services 0.53 Construction Of Roads, Bridges, Tunnels Etc. 0.81
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.50 Cement 0.79
Gail India Ltd LPG Storage And Distribution 0.48
Iron And Steel 0.77
Lupin Ltd Drugs & Pharmaceuticals 0.43
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.42 Housing Finance Services 0.73
Wipro Ltd Computer Software 0.40 Copper & Copper Products 0.69
Nagarjuna Cons Co Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.39 Passenger Cars & Multi Utility Vehicles 0.68
Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.39 Finished Steel 0.65
Sintex Industries Ltd Diversified 0.38
United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 0.38
Thermal Electricity 0.64
Cesc Ltd Coal Based Thermal Electricity 0.36 Motors & Generators 0.60
Mphasis Ltd Computer software 0.33 Utility Vehicles Including Jeeps 0.50
NTPC Ltd Thermal Electricity 0.33 LPG Storage And Distribution 0.48
Reliance Infrastructure Thermal Electricity 0.32
Drugs & Pharmaceuticals 0.43
Hero Honda Motors Ltd Motorcycles 0.29
Patni Computer Systems Ltd Computer Software 0.28 Weaving, Manufacturing Of Man-Made Fiber 0.39
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.22 Diversified 0.38
Lanco Infratech Ltd Civil engineering works 0.21 Pesticides & Pesticide Intermediates, Nec 0.38
Sesa Goa Ltd Minerals 0.21
Coal Based Thermal Electricity 0.36
Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 0.17
Siemens India Ltd Switching Apparatus 0.14 Motorcycles 0.29
Sun Pharmaceutical Industries Ltd Drug Formulations 0.13 Cosmetics/Soaps/Toiletries/Detergents 0.22
Reliance Communication Ltd Cellular Mobile Phone Service 0.08 Civil engineering works 0.21
Corporate Bonds 12.53
Minerals 0.21
7.90% RECL 2012 AAA 6.38
9.45% LIC Housing 2012 AAA 6.15 Manufacture Of Pharmaceuticals, Medicinal Chemical 0.17
Cash Bank & Others 61.10 Switching Apparatus 0.14
Cash Bank & Others 61.10 Corporate Bonds 12.53
Net Assets 100.00 Cash Bank & Others 61.10
Total 100.00

2.97%
2.23%
1.91% 1.10% 1.00%
0.92%0.87%
0.83%
0.81%
0.79%
SECTOR-WISE BREAKUP Asset Allocation
4.04% 0.77% 0.73% 61.10%
0.68%
0.69%
0.65%
0.64%
0.60% Banking Services Computer Software
Refinery Drug Formulations
Prime Movers
61.10% 0.50% Cigarettes
Petroleum Oil
Industrial Contracts & Turnkey Projects
0.48% Cellular Mobile Phone Service
Cement
Construction Of Roads, Bridges, Tunnels Etc.
Iron And Steel
0.43% Housing Finance Services Copper & Copper Products 12.53%
Passenger Cars & Multi Utility Vehicles
0.39% Thermal Electricity
Finished Steel
Motors & Generators
12.53% 0.38% Utility Vehicles Including Jeeps
Drugs & Pharmaceuticals
LPG Storage And Distribution
0.14% 0.38% Diversified
Weaving, Manufacturing Of Man-Made Fiber
Pesticides & Pesticide Intermediates, Nec
0.17% 0.36% Coal Based Thermal Electricity Motorcycles
Cosmetics/Soaps/Toiletries/Detergents Civil engineering works 26.37%
0.21% 0.22% 0.29% Minerals
Switching Apparatus
Manufacture Of Pharmaceuticals, Medicinal Chemical
Corporate Bonds
Cash Bank & Others
0.21% Equity Corporate Bonds Cash Bank & Others
16
 Tata AIG
Stable Flexi Fund
Investment Report January, 2010

Investment Objective: It is a Debt Oriented Balanced Fund which primarily invests in Government Bonds and highly rated Fixed
Income Instruments with some exposure to large cap equity stocks and equity linked instruments, with an objective to maximize the returns
with low to medium risk. The fund endeavors to offer stable returns along with some capital appreciation over a long period of time.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - TATA AIG STABLE FLEXI FUND (NAV [in Rs.] as on 29-Jan-10 is 10.5590)
PERIOD DATE NAV NAV Change INDEX Change
Last 1 Month 31-Dec-09 10.5580 0.01% -0.44% ASSET ALLOCATION % to NAV
Last 3 Months 30-Oct-09 10.3550 1.97% 2.03% Equity 3.78
Last 6 Months 31-Jul-09 10.3270 2.25% 2.57% Corporate Bonds 16.73
Last 1 Year 30-Jan-09 10.0020 5.57% 14.46% Cash Bank & Others 79.48
Since Inception 12-Jan-09 10.0000 5.33% 14.62% Net Assets 100.00
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
PORTFOLIO SECTOR STRATEGY
Instrument Industry % of NAV Sector % to NAV
Equity 3.78
Reliance Industries Ltd Refinery 0.34 Banking Services 0.95
Infosys Technologies Ltd Computer Software 0.30 Computer Software 0.38
HDFC Bank Banking Services 0.27 Refinery 0.34
ITC Ltd Cigarettes 0.25 Cigarettes 0.25
ICICI Bank Ltd Banking Services 0.24
Prime Movers 0.20
Bharat Heavy Electricals Ltd Prime Movers 0.20
Oil & Natural Gas Corp Ltd Petroleum Oil 0.18 Petroleum Oil 0.18
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 0.17 Industrial Contracts & Turnkey Projects 0.17
State Bank Of India Banking Services 0.17 Cellular Mobile Phone Service 0.17
Axis Bank Ltd Banking Services 0.17 Utility Vehicles Including Jeeps 0.12
Bharti Airtel Ltd Cellular Mobile Phone Service 0.15
Manufacture Of Pharmaceuticals, Medicinal Chemical 0.09
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.12
Bank Of Baroda Banking Services 0.12 Motors & Generators 0.09
Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 0.09 Thermal Electricity 0.09
Crompton Greaves Ltd Motors & Generators 0.09 Cosmetics/Soaps/Toiletries/Detergents 0.08
Wipro Ltd Computer Software 0.08 Weaving, Manufacturing Of Man-Made Fiber 0.07
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.08 Construction Of Roads, Bridges, Tunnels Etc. 0.07
Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.07
Drug Formulations 0.06
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.07
Cipla Ltd Drug Formulations 0.06 Pesticides & Pesticide Intermediates, Nec 0.06
United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 0.06 Diversified 0.06
Sintex Industries Ltd Diversified 0.06 Copper & Copper Products 0.06
Sterlite Industries (India) Ltd Copper & Copper Products 0.06 Passenger Cars & Multi Utility Vehicles 0.06
Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.06
Construction/Erection and Maintenance of Power 0.05
DLF Ltd Construction/Erection and Maintenance of Power 0.05
Jindal Steel & Power Ltd Iron And Steel 0.05 Iron And Steel 0.05
Gail India Ltd LPG Storage And Distribution 0.05 LPG Storage And Distribution 0.05
NTPC Ltd Thermal Electricity 0.04 Switchgears 0.03
Reliance Infrastructure Thermal Electricity 0.04 Wind Turbines (Wind Electricity Generator) 0.03
ABB Ltd Switchgears 0.03
Corporate Bonds 16.73
Suzlon Energy Ltd Wind Turbines (Wind Electricity Generator) 0.03
Reliance Communication Ltd Cellular Mobile Phone Service 0.02 Cash Bank & Others 79.48
Corporate Bonds 16.73 Total 100.00
9.45% LIC Housing 2012 AAA 8.52
7.90% RECL 2012 AAA 8.22
Cash Bank & Others 79.48
Cash Bank & Others 79.48
Net Assets 100.00

SECTOR-WISE BREAKUP Banking Services

Refinery
Prime Movers
Asset Allocation
0.95% Industrial Contracts & Turnkey Projects
0.38% 0.34% 0.25% Utility Vehicles Including Jeeps
0.20% Motors & Generators
Cosmetics/Soaps/Toiletries/Detergents
0.18% Construction Of Roads, Bridges, Tunnels Etc. 79.48%
0.17% Pesticides & Pesticide Intermediates, Nec
0.17% Copper & Copper Products
Construction/Erection and Maintenance of Power
0.12% LPG Storage And Distribution
Wind Turbines (Wind Electricity Generator)
79.48% 0.09% Cash Bank & Others
Computer Software
0.09% Cigarettes
Petroleum Oil
0.09% Cellular Mobile Phone Service
Manufacture Of Pharmaceuticals, Medicinal Chemical
0.08% 3.78%
0.07% Thermal Electricity
16.73% Weaving, Manufacturing Of Man-Made Fiber
0.07% Drug Formulations 16.73%
0.06% Diversified
0.06% Passenger Cars & Multi Utility Vehicles
Iron And Steel
0.05% 0.06% Switchgears
Corporate Bonds
0.03% 0.06%
0.05%
0.03% 0.05% 0.06% Equity Corporate Bonds Cash Bank & Others

17
 Tata AIG
Bond Fund
Investment Report January, 2010

Investment Objective: 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 debt
instruments of various maturities.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar
PERFORMANCE - TATA AIG BOND FUND
(NAV [in Rs.] & Crisil Composite Bond Fund Index as on 29-Jan-10 is 10.8490 and 1575.3191 respectively)
Crisil Composite
PERIOD DATE NAV Bond Fund Index NAV Change INDEX Change
Last 1 Month 31-Dec-09 10.8020 1566.5262 0.44% 0.56%
Last 3 Months 30-Oct-09 10.6780 1548.1524 1.60% 1.75%
Last 6 Months 31-Jul-09 10.5260 1543.0987 3.07% 2.09%
Last 1 Year 30-Jan-09 10.0000 1504.7636 8.49% 4.69%
Since Inception 12-Jan-09 10.0000 1503.6769 8.10% 4.55%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

PORTFOLIO Rating % to NAV

Instrument Rating % of NAV
AAA 34.80
Corporate Bonds 34.80
Cash, Bank & Others 65.20
6.98% IRFC 2012 AAA 19.72 Total 100.00
9.45% LIC Housing 2012 AAA 5.14
8.40% Exim Bank 2010 AAA 4.98
7.90% RECL 2012 AAA 4.96
CASH BANK & OTHERS 65.20
Cash Bank & Others 65.20
Net Assets 100.00

Asset Allocation Rating Profile

34.80% 65.20%

65.20% 34.80%

Corporate Bonds Cash, Bank & Others AAA Cash, Bank & Others

ASSET ALLOCATION % to NAV

Corporate Bonds 34.80 MATURITY PROFILE
Cash, Bank & Others 65.20 100.00%
Net Assets 100.00
80.00%

60.00%

40.00%

20.00%

0.00%
Less than 1 Year 1-3 Years

18
 Tata AIG Apex
Investment Fund
Investment Report January, 2010

Investment Objective: Objective is to provide capital protection with a high level of safety and liquidity through judicious investment
in high quality short-term debt.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - TATA AIG APEX INVESTMENT FUND (NAV [in Rs.] as on 29-Jan-10 is 10.0040)

PORTFOLIO Rating % to NAV

Instrument Rating % of NAV
Cash, Bank & Others 100.00
Cash, Bank & Others 100.00
Total 100.00
Cash, Bank & Others 100.00
Net Assets 100.00

Asset Allocation Rating Profile

100.00%

100.00%

Cash, Bank & Others Cash, Bank & Others

ASSET ALLOCATION % to NAV

Cash, Bank & Others 100.00 MATURITY PROFILE
Net Assets 100.00 100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
Less than 1 Year

19
 Tata AIG APEX
Return Lock-In Fund
Investment Report January, 2010

Investment Objective: Objective is to use the participation in an actively managed well diversified equity portfolio of large cap
companies to generate capital appreciation and use high credit quality debt instruments to lock-in that capital appreciation.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - TATA AIG APEX RETURN LOCK-IN FUND (NAV [in Rs.] as on 29-Jan-10 is 10.5700)
Note: The investment income and prices may go down as well as up.

PORTFOLIO
Instrument Industry % of NAV ASSET ALLOCATION
68.71%
Equity 68.71
Reliance Industries Ltd Refinery 6.21
Infosys Technologies Ltd Computer Software 4.84
ICICI Bank Ltd Banking Services 4.22
HDFC Bank Banking Services 3.67
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 3.48 28.27%
ITC Ltd Cigarettes 3.43
State Bank Of India Banking Services 3.09
Oil & Natural Gas Corp Ltd Petroleum Oil 3.00 3.02%

HDFC Ltd Housing Finance Services 2.80 Equity Corporate Bonds Cash, Bank & Others
Bharat Heavy Electricals Ltd Prime Movers 2.51
Bharti Airtel Ltd Cellular Mobile Phone Service 2.50
Axis Bank Ltd Banking Services 2.14
SECTOR STRATEGY
Jindal Steel & Power Ltd Iron And Steel 1.97 Sector % to NAV
Sterlite Industries (India) Ltd Copper & Copper Products 1.67
Banking Services 13.53
Gail India Ltd LPG Storage And Distribution 1.54 Refinery 6.92
Wipro Ltd Computer Software 1.31 Computer Software 6.15
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.30 Petroleum Oil 4.01
Crompton Greaves Ltd Motors & Generators 1.22 Industrial Contracts & Turnkey Projects 3.48
NTPC Ltd Thermal Electricity 1.16 Cigarettes 3.43
Cairn India Ltd Petroleum Oil 1.01 Cellular Mobile Phone Service 3.27
Reliance Infrastructure Thermal Electricity 1.01 Housing Finance Services 2.80
Prime Movers 2.51
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.91 Thermal Electricity 2.17
Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.87 Iron And Steel 1.97
Sun Pharmaceutical Industries Ltd Drug Formulations 0.86 Copper & Copper Products 1.67
Grasim Industries Ltd Cement 0.85 LPG Storage And Distribution 1.54
Steel Authority Of India Ltd Finished Steel 0.78 Cement 1.51
Bharat Petroleum Corp Ltd Refinery 0.71 Drug Formulations 1.48
Cosmetics/Soaps/Toiletries/Detergents 1.30
Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.69 Motors & Generators 1.22
DLF Ltd Construction/Erection and Maintenance of Power 0.65 Motorcycles 1.11
Power Grid Corp Of India Ltd Power Transmission Line Services 0.64 Construction Of Roads, Bridges, Tunnels Etc. 0.92
Power Finance Corp Ltd Financial Institutions 0.63 Utility Vehicles Including Jeeps 0.91
Cipla Ltd Drug Formulations 0.62 Passenger Cars & Multi Utility Vehicles 0.87
Reliance Capital Ltd Securities And Stock Traders 0.57 Finished Steel 0.78
Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.56 Finance Related Allied Activities 0.69
Construction/Erection and Maintenance of Power 0.65
Bajaj Auto Ltd - New Shs Motorcycles 0.56 Power Transmission Line Services 0.64
Hero Honda Motors Ltd Motorcycles 0.55 Financial Institutions 0.63
Hindalco Industries Ltd Aluminium, Unwrought 0.43 Securities And Stock Traders 0.57
Siemens India Ltd Switching Apparatus 0.43 Aluminium, Unwrought 0.43
PTC India Ltd Trade In Minerals & Energy Sources 0.41 Switching Apparatus 0.43
Punjab National Bank Banking Services 0.41 Trade In Minerals & Energy Sources 0.41
Switchgears 0.37
Reliance Communication Ltd Cellular Mobile Phone Service 0.39 Heavy Commercial Vehicles 0.34
Idea Cellular Ltd Cellular Mobile Phone Service 0.38 Corporate Bonds 28.27
ABB Ltd Switchgears 0.37 Cash Bank & Others 3.02
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.36 Total 100.00
Ambuja Cements Ltd Cement 0.35
Tata Motors Ltd Heavy Commercial Vehicles 0.34
ACC Ltd Cement 0.31 SECTOR-WISE BREAK-UP
Corporate Bonds 28.27 Banking Services
Computer Software
National Housing Bank 2018 AAA 9.27 Industrial Contracts & Turnkey Projects
Cellular Mobile Phone Service
Nabard -ZCB - 2019 AAA 9.25 Prime Movers
Iron And Steel
3.02%
10.60% IRFC 2018 AAA 6.25 28.27% 13.53% 6.92%
6.15%
LPG Storage And Distribution
Drug Formulations
9.90% HDFC 2018 AAA 3.50 Motors & Generators
Construction Of Roads, Bridges, Tunnels Etc.
4.01%
Cash Bank & Others 3.02 0.34%
3.48%
Passenger Cars & Multi Utility Vehicles
Finance Related Allied Activities
Cash Bank & Others 3.02 0.37%
0.41% 3.43%
Power Transmission Line Services
Securities And Stock Traders
3.27%
Net Assets 100.00 0.43% 2.80%
2.51%
Switching Apparatus
Switchgears
0.43% Corporate Bonds
2.17%
0.57% 1.97% Refinery
0.63% 1.67% Petroleum Oil
0.64% Cigarettes
1.54% Housing Finance Services
0.65% 1.51%
ASSET ALLOCATION % to NAV 0.69%
0.78% 0.87%
1.22%
1.11%
1.30%
1.48% Thermal Electricity
Copper & Copper Products
Cement
0.91% 0.92% Cosmetics/Soaps/Toiletries/Detergents

Equity 68.71 Motorcycles

Utility Vehicles Including Jeeps
Finished Steel

Corporate Bonds 28.27 Construction/Erection and Maintenance of Power

Financial Institutions
Aluminium, Unwrought
Trade In Minerals & Energy Sources
Cash, Bank & Others 3.02 Heavy Commercial Vehicles
Cash Bank & Others

Net Assets 100.00

20
 Infrastructure Fund

Investment Report January, 2010

Investment Objective: The Investment Objective of the Scheme is to provide long-term capital appreciation by investing
predominantly in a diversified basket of equity and equity related securities of companies engaged in or expected to benefit directly or
indirectly from the growth and development of infrastructure.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - INFRASTRUCTURE FUND (NAV [in Rs.] as on 29-Jan-10 is 9.8600)

SECTOR STRATEGY PORTFOLIO
Sector % to NAV Instrument Industry % of NAV
Banking Services 15.79 Equity 86.27
Refinery 7.70 Reliance Industries Ltd Refinery 7.70
Industrial Contracts & Turnkey Projects 7.52 Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 4.49
Construction Of Roads, Bridges, Tunnels Etc. 5.03 ICICI Bank Ltd Banking Services 4.37
Thermal Electricity 4.43 Axis Bank Ltd Banking Services 3.24
Sterlite Industries (India) Ltd Copper & Copper Products 3.17
Finished Steel 3.86
Bharat Heavy Electricals Ltd Prime Movers 3.16
Diversified 3.31
Bank Of Baroda Banking Services 3.03
Cement 3.20 Crompton Greaves Ltd Motors & Generators 2.62
Copper & Copper Products 3.17 State Bank Of India Banking Services 2.60
Prime Movers 3.16 Bharti Airtel Ltd Cellular Mobile Phone Service 2.58
Motors & Generators 2.62 HDFC Bank Banking Services 2.57
Cellular Mobile Phone Service 2.58 HDFC Ltd Housing Finance Services 2.51
Housing Finance Services 2.51 Gail India Ltd LPG Storage And Distribution 2.49
LPG Storage And Distribution 2.49 Tata Steel Ltd Finished Steel 2.39
Paints & Varnishes 1.95 NTPC Ltd Thermal Electricity 2.25
Coal Based Thermal Electricity 1.84 Reliance Infrastructure Thermal Electricity 2.17
Towers & Lattice Masts 1.75 Sintex Industries Ltd Diversified 1.99
Shipping 1.50 Ultratech Cement Ltd Cement 1.96
Heavy Commercial Vehicles 1.46 Asian Paints (India) Ltd Paints & Varnishes 1.95
Switching Apparatus 1.35 Bgr Energy Systems Ltd Industrial Contracts & Turnkey Projects 1.92
Transport Services Support Systems 1.28 Cesc Ltd Coal Based Thermal Electricity 1.84
Material Handling Equipments 1.13 Jyoti Structures Ltd Towers & Lattice Masts 1.75
Steel 1.04 Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.74
Construction/erection and maintenance of power. 1.02 Nagarjuna Cons Co Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.68
Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.62
Infrastructure developers and operator 0.94
Great Eastern Shipping Co Ltd Shipping 1.50
Construction/Erection and Maintenance of Power 0.88
Steel Authority Of India Ltd Finished Steel 1.47
Hydro Electricity 0.70 Tata Motors Ltd Heavy Commercial Vehicles 1.46
Civil Engineering 0.59 Siemens India Ltd Switching Apparatus 1.35
Lng Storage And Distribution 0.58 Voltas Limited Diversified 1.32
Civil engineering works 0.49 Container Corp Of India Ltd Transport Services Support Systems 1.28
Electronics 0.41 Shree Cement Ltd Cement 1.24
Cash Bank & Others 13.73 Mcnally Bharat Engineering Co Ltd Material Handling Equipments 1.13
Total 100.00 Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 1.11
Jsw Steel Limited Steel 1.04
Kec International Ltd Construction/erection and maintenance of power 1.02
Mundra Port And Sez Ltd Infrastructure developers and operator 0.94
DLF Ltd Construction/Erection and Maintenance of Power 0.88
NHPC Ltd Hydro Electricity 0.70
ASSET ALLOCATION Punj Lloyd Ltd Civil Engineering 0.59
13.73%
Gujarat State Petronet Ltd Lng Storage And Distribution 0.58
Lanco Infratech Ltd Civil engineering works 0.49
Bharat Electronics Ltd Electronics 0.41
Cash Bank & Others 13.73
Cash Bank & Others 13.73
Net Assets 100.00

86.27% Banking Services

SECTOR-WISE BREAK-UP Industrial Contracts & Turnkey Projects

Thermal Electricity
Diversified
Equity Cash Bank & Others 0.49% 0.41%
Copper & Copper Products
Motors & Generators
0.58% 13.73% Housing Finance Services
0.59% 15.79% Paints & Varnishes
Towers & Lattice Masts
0.70% Heavy Commercial Vehicles
7.70% Transport Services Support Systems
0.88% Steel
0.94% Infrastructure developers and operator
Hydro Electricity
1.02% Lng Storage And Distribution
7.52% Electronics
1.04%
Refinery
1.13% Construction Of Roads, Bridges, Tunnels Etc.
5.03% Finished Steel
1.28% Cement
ASSET ALLOCATION % to NAV 1.35% 4.43%
Prime Movers
Cellular Mobile Phone Service
LPG Storage And Distribution
1.46% 3.86% Coal Based Thermal Electricity
Equity 86.27 1.50%
1.75%
3.31%
Shipping
Switching Apparatus
Material Handling Equipments

Cash, Bank & Others 13.73 1.84% 2.62% 3.20%

Construction/erection and maintenance of power.
Construction/Erection and Maintenance of Power
Civil Engineering
3.16% Civil engineering works
2.49%
Net Assets 100.00 1.95%
2.51%
2.58%
3.17%
Cash Bank & Others

21
 Super Select
Equity Fund
Investment Report January, 2010

Investment Objective: The primary investment objective of the fund is to provide income distribution over a period of medium to long term while at all
times emphasizing the importance of capital appreciation. The fund will invest significant amount in equity and equity linked instruments specifically
excluding companies predominantly dealing in Gambling, Lotteries/Contests, Animal Produce, Liquor, Tobacco, Entertainment (Films, TV etc) Hotels,
Banks and Financial Institutions.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum received under
this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - SUPER SELECT EQUITY FUND (NAV [in Rs.] as on 29-Jan-10 is 9.9780)
Note: The investment income and prices may go down as well as up.

PORTFOLIO
Instrument Industry % of NAV ASSET ALLOCATION
Equity 70.42 29.58%
Reliance Industries Ltd Refinery 7.20
Infosys Technologies Ltd Computer Software 5.96
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 3.92
Bharat Heavy Electricals Ltd Prime Movers 3.31
Crompton Greaves Ltd Motors & Generators 2.99
Cadila Healthcare Ltd Drug formulations 2.46
Bajaj Auto Ltd - New Shs Motorcycles 2.40
Oil & Natural Gas Corp Ltd Petroleum Oil 2.26 70.42%
Cipla Ltd Drug Formulations 2.18
Equity Cash Bank & Others
Bharti Airtel Ltd Cellular Mobile Phone Service 2.11
Mphasis Ltd Computer software 2.10
Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 2.09
Castrol India Ltd Lube oils & lubricants 2.08 SECTOR STRATEGY
Ultratech Cement Ltd Cement 1.92
Patni Computer Systems Ltd Computer Software 1.91 Sector % to NAV
Gail India Ltd LPG Storage And Distribution 1.90 Computer Software 11.31
Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 1.82 Refinery 7.20
Jindal Steel & Power Ltd Iron And Steel 1.73 Drug Formulations 6.46
Container Corp Of India Ltd Transport Services Support Systems 1.68 Industrial Contracts & Turnkey Projects 4.28
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.67 Prime Movers 3.31
Lupin Ltd Drugs & Pharmaceuticals 1.64 Motors & Generators 2.99
Gujarat Gas Company Ltd LNG Storage & Distribution 1.61 Cosmetics/Soaps/Toiletries/Detergents 2.77
Exide Industries Ltd Storage Batteries 1.54 Motorcycles 2.57
Steel Authority Of India Ltd Finished Steel 1.48 Petroleum Oil 2.26
Wipro Ltd Computer Software 1.34 Cellular Mobile Phone Service 2.11
Asian Paints (India) Ltd Paints & Varnishes 1.27 Passenger Cars & Multi Utility Vehicles 2.09
Mundra Port And Sez Ltd Infrastructure developers and operator 1.23 Lube oils & lubricants 2.08
NTPC Ltd Thermal Electricity 1.18 Cement 1.92
Dabur India Ltd Cosmetics/Soaps/Toiletries/Detergents 1.11 LPG Storage And Distribution 1.90
Siemens India Ltd Switching Apparatus 0.88 Iron And Steel 1.73
Abb Ltd Switchgears 0.70 Transport Services Support Systems 1.68
Divi'S Laboratories Ltd Pharmaceuticals 0.63 Drugs & Pharmaceuticals 1.64
United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 0.53 LNG Storage & Distribution 1.61
Sesa Goa Ltd Minerals 0.48 Storage Batteries 1.54
Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 0.37 Finished Steel 1.48
Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.36 Paints & Varnishes 1.27
Hero Honda Motors Ltd Motorcycles 0.16 Infrastructure developers and operator 1.23
Marico Ltd Edible Oils 0.14 Thermal Electricity 1.18
Bharat Electronics Ltd Electronics 0.10 Switching Apparatus 0.88
Cash Bank & Others( Non Interest Bearing Securities) 29.58 Switchgears 0.70
Cash Bank & Others( Non Interest Bearing Securities) 29.58 Pharmaceuticals 0.63
Net Assets 100.00 Pesticides & Pesticide Intermediates, Nec 0.53
Minerals 0.48
Preparation For Oral Or Dental Hygiene 0.37
Edible Oils 0.14
Electronics 0.10
Cash Bank & Others( Non Interest Bearing Securities) 29.58
SECTOR-WISE BREAK-UP
Total 100.00
Computer Software
0.70% 0.63% Refinery
1.18% 0.88% 0.53% 0.48% Drug Formulations
1.23% 0.37% 0.10% Industrial Contracts & Turnkey Projects
0.14% Prime Movers
1.27%
29.58% Motors & Generators
1.48% Cosmetics/Soaps/Toiletries/Detergents
Motorcycles
Petroleum Oil
1.54% Cellular Mobile Phone Service
Passenger Cars & Multi Utility Vehicles
1.61%
11.31%
Lube oils & lubricants
Cement ASSET ALLOCATION % to NAV
1.64% LPG Storage And Distribution
1.68%
6.46%
7.20% Iron And Steel
Transport Services Support Systems Equity 70.42
4.28% Drugs & Pharmaceuticals
1.73%
1.90%
3.31%
LNG Storage & Distribution
Storage Batteries Cash, Bank and Others
2.99% Finished Steel
1.92% 2.57%
2.77% Paints & Varnishes
Infrastructure developers and operator Non Interest Bearing Securities 29.58
2.08%2.11% Thermal Electricity
2.09% 2.26% Switching Apparatus
Switchgears
Pharmaceuticals
Net Assets 100.00
Pesticides & Pesticide Intermediates, Nec
Minerals
Preparation For Oral Or Dental Hygiene
Edible Oils
Electronics
Cash Bank & Others-
( Non Interest Bearing Securities)

22
 Tata AIG APEX
Return Lock-In Fund 2
Investment Report January, 2010

Investment Objective: The investment objective for Apex Return Lock-in Fund II is to use the participation in an actively managed well
diversified equity portfolio of large cap companies to generate capital appreciation and use high credit quality debt instruments to lock-
in that capital appreciation. The initial asset allocation in equities is targeted at 80% to 100%.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - TATA AIG APEX RETURN LOCK-IN FUND 2 (NAV [in Rs.] as on 29-Jan-10 is 9.8290)

SECTOR STRATEGY PORTFOLIO

Sector % to NAV Instrument Industry % of NAV
Banking Services 13.57 Equity 69.71
Reliance Industries Ltd Refinery 5.72
Refinery 6.45 Infosys Technologies Ltd Computer Software 4.56
Computer Software 5.98 ICICI Bank Ltd Banking Services 4.01
Cigarettes 3.43 ITC Ltd Cigarettes 3.43
Thermal Electricity 3.42 HDFC Bank Banking Services 3.26
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 3.20
Industrial Contracts & Turnkey Projects 3.20 State Bank Of India Banking Services 2.74
Petroleum Oil 2.95 HDFC Ltd Housing Finance Services 2.67
Housing Finance Services 2.67 Bharti Airtel Ltd Cellular Mobile Phone Service 2.43
Finished Steel 2.61 Bharat Heavy Electricals Ltd Prime Movers 2.30
Cellular Mobile Phone Service 2.43 Oil & Natural Gas Corp Ltd Petroleum Oil 1.96
Axis Bank Ltd Banking Services 1.79
Prime Movers 2.30 Tata Steel Ltd Finished Steel 1.77
Copper & Copper Products 1.73 Sterlite Industries (India) Ltd Copper & Copper Products 1.73
Construction Of Roads, Bridges, Tunnels Etc. 1.61 Jindal Steel & Power Ltd Iron And Steel 1.57
Iron And Steel 1.57 Wipro Ltd Computer Software 1.42
Gail India Ltd LPG Storage And Distribution 1.40
Drug Formulations 1.55 Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.39
LPG Storage And Distribution 1.40 Tata Motors Ltd Heavy Commercial Vehicles 1.36
Cosmetics/Soaps/Toiletries/Detergents 1.39 Ultratech Cement Ltd Cement 1.30
Heavy Commercial Vehicles 1.36 NTPC Ltd Thermal Electricity 1.28
Cement 1.30 Tata Power Co Ltd Thermal Electricity 1.20
Crompton Greaves Ltd Motors & Generators 1.12
Motorcycles 1.14 Bank Of Baroda Banking Services 1.09
Motors & Generators 1.12 Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.07
Utility Vehicles Including Jeeps 1.01 Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.01
Passenger Cars & Multi Utility Vehicles 1.01 Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 1.01
Trade In Minerals & Energy Sources 0.94 Cairn India Ltd Petroleum Oil 0.98
PTC India Ltd Trade In Minerals & Energy Sources 0.94
Aluminium, Unwrought 0.78 Reliance Infrastructure Thermal Electricity 0.94
Securities And Stock Traders 0.69 Cipla Ltd Drug Formulations 0.86
Finance Related Allied Activities 0.62 Steel Authority Of India Ltd Finished Steel 0.84
Construction/Erection and Maintenance of Power 0.61 Bajaj Auto Ltd - New Shs Motorcycles 0.78
Hindalco Industries Ltd Aluminium, Unwrought 0.78
Switchgears 0.47 Bharat Petroleum Corp Ltd Refinery 0.73
Switching Apparatus 0.40 Sun Pharmaceutical Industries Ltd Drug Formulations 0.69
Corporate Bonds 22.73 Reliance Capital Ltd Securities And Stock Traders 0.69
Government Securities 5.27 Punjab National Bank Banking Services 0.68
Cash Bank & Others 2.30 Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.62
DLF Ltd Construction/Erection and Maintenance of Power 0.61
Total 100.00 IVRCL Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.54
ABB Ltd Switchgears 0.47
Siemens India Ltd Switching Apparatus 0.40
Hero Honda Motors Ltd Motorcycles 0.35
ASSET ALLOCATION Government Securities
6.35% GOI 2020 Sovereign
5.27
5.27
69.71% Corporate Bonds 22.73
8.60% IRFC 2019 AAA 5.80
8.72% RECL 2019 AAA 5.77
8.60% PFC 2019 AAA 5.73
Nabard -ZCB - 2019 AAA 5.44
Cash Bank & Others 2.30
Cash Bank & Others 2.30
Net Assets 100.00
22.73%

2.30% 5.27%
Equity Corporate Bonds
SECTOR-WISE BREAK-UP
Government Securities Cash Bank & Others 5.27% 2.30%
13.57% 6.45% Banking Services
Computer Software
Thermal Electricity
22.73% 5.98% Petroleum Oil
Finished Steel
Prime Movers
3.43% Construction Of Roads, Bridges, Tunnels Etc.
0.40% Drug Formulations
Cosmetics/Soaps/Toiletries/Detergents

0.47% 3.42% Cement

Motors & Generators
3.20% Passenger Cars & Multi Utility Vehicles

ASSET ALLOCATION % to NAV 0.61% 2.95%

Aluminium, Unwrought
Finance Related Allied Activities
Switchgears
2.67% Corporate Bonds
0.62%
Equity 69.71
Cash Bank & Others
2.61% Refinery

0.69% 2.43%
Cigarettes
Industrial Contracts & Turnkey Projects

Corporate Bonds 22.73

Housing Finance Services
0.78% 2.30% Cellular Mobile Phone Service
1.73% Copper & Copper Products
Iron And Steel
0.94% 1.01% 1.61%
Government Securities 5.27 1.01% 1.57%
LPG Storage And Distribution
Heavy Commercial Vehicles
Motorcycles

1.55% Utility Vehicles Including Jeeps

Cash Bank & Others 2.30 1.12% 1.40%

Trade In Minerals & Energy Sources
Securities And Stock Traders
Construction/Erection and Maintenance of Power

1.14% 1.30% 1.36% 1.39%

Switching Apparatus

Net Assets 100.00 Government Securities

23
 Super 110%
Capital Growth Fund
Investment Report January, 2010

Investment Objective: The key objective of the fund is to provide steady returns to the policyholder with the assurance of protecting
the capital at atleast 110% of the capital.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - SUPER 110% CAPITAL GROWTH FUND (NAV [in Rs.] as on 29-Jan-10 is 10.0140)

PORTFOLIO Rating % to NAV

Instrument Rating % of NAV
Cash, Bank & Others 100.00
Cash, Bank & Others 100.00
Total 100.00
Cash, Bank & Others 100.00
Net Assets 100.00

Asset Allocation Rating Profile

100.00%

100.00%

Cash, Bank & Others Cash, Bank & Others

ASSET ALLOCATION % to NAV

Cash, Bank & Others 100.00 MATURITY PROFILE
Net Assets 100.00 100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
Less than 1 Year

24
 Super Select
Equity Pension Fund
Investment Report January, 2010

Investment Objective: The primary investment objective of the fund is to provide income distribution over a period of medium to long
term while at all times emphasizing the importance of capital appreciation. The fund will invest significant amount in equity and equity
linked instruments specifically excluding companies predominantly dealing in Gambling, Lotteries/Contests, Animal Produce, Liquor,
Tobacco, Entertainment (Films, TV etc) Hotels, Banks and Financial Institutions.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - SUPER SELECT EQUITY PENSION FUND (NAV [in Rs.] as on 29-Jan-10 is 10.0390)

PORTFOLIO
Instrument Rating % of NAV
Cash, Bank & Others ( Non Interest Bearing Securities) 100.00
Cash, Bank & Others ( Non Interest Bearing Securities) 100.00
Net Assets 100.00

ASSET ALLOCATION
Instrument % of NAV
Cash, Bank & Others ( Non Interest Bearing Securities) 100.00
Total 100.00

Rating
Instrument % of NAV
Cash, Bank & Others ( Non Interest Bearing Securities) 100.00
Total 100.00

Asset Allocation Rating Profile

100.00%

100.00%

Cash, Bank & Others Non Interest Bearing Securities Cash, Bank & Others Non Interest Bearing Securities

MATURITY PROFILE
100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
Less than 1 Year
25
 Apex Pension
Investment Fund
(10 Years Term)
Investment Report January, 2010

Investment Objective: The investment objective for Apex Pension Investment Fund (10 Years) is to provide capital protection with a
high level of safety and liquidity through judicious investment in high quality short-term debt. The strategy is to generate better returns
with low level of risk through investment is fixed interest securities having short term maturity profile. The risk profile of the fund is very
low and asset allocation will be upto 100% in Money Markets and Cash.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - APEX PENSION INVESTMENT FUND (10 YEARS TERM) (NAV [in Rs.] as on 29-Jan-10 is 10.0000

PORTFOLIO
Instrument Rating % of NAV
Cash, Bank & Others 100.00
Cash, Bank & Others 100.00
Net Assets 100.00

ASSET ALLOCATION
Instrument % of NAV
Cash, Bank & Others 100.00
Total 100.00

Rating
Instrument % of NAV
Cash, Bank & Others 100.00
Total 100.00

Asset Allocation Rating Profile

100.00%

100.00%

Cash, Bank & Others Cash, Bank & Others

MATURITY PROFILE
100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
Less than 1 Year
26
 Apex Pension
Investment Fund
(15 Years Term)
Investment Report January, 2010

Investment Objective: The investment objective for Apex Pension Investment Fund (15 Years) is to provide capital protection with a
high level of safety and liquidity through judicious investment in high quality short-term debt. The strategy is to generate better returns
with low level of risk through investment is fixed interest securities having short term maturity profile. The risk profile of the fund is very
low and asset allocation will be upto 100% in Money Markets and Cash.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - APEX PENSION INVESTMENT FUND (15 YEARS TERM) (NAV [in Rs.] as on 29-Jan-10 is 10.0000

PORTFOLIO
Instrument Rating % of NAV
Cash, Bank & Others 100.00
Cash, Bank & Others 100.00
Net Assets 100.00

ASSET ALLOCATION
Instrument % of NAV
Cash, Bank & Others 100.00
Total 100.00

Rating
Instrument % of NAV
Cash, Bank & Others 100.00
Total 100.00

Asset Allocation Rating Profile

100.00%

100.00%

Cash, Bank & Others Cash, Bank & Others

MATURITY PROFILE
100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
Less than 1 Year
27
 Apex Pension
Investment Fund
(20 Years Term)
Investment Report January, 2010

Investment Objective: The investment objective for Apex Pension Investment Fund (20 Years) is to provide capital protection with a
high level of safety and liquidity through judicious investment in high quality short-term debt. The strategy is to generate better returns
with low level of risk through investment is fixed interest securities having short term maturity profile. The risk profile of the fund is very
low and asset allocation will be upto 100% in Money Markets and Cash.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - APEX PENSION INVESTMENT FUND (20 YEARS TERM) (NAV [in Rs.] as on 29-Jan-10 is 10.0000

PORTFOLIO
Instrument Rating % of NAV
Cash, Bank & Others 100.00
Cash, Bank & Others 100.00
Net Assets 100.00

ASSET ALLOCATION
Instrument % of NAV
Cash, Bank & Others 100.00
Total 100.00

Rating
Instrument % of NAV
Cash, Bank & Others 100.00
Total 100.00

Asset Allocation Rating Profile

100.00%

100.00%

Cash, Bank & Others Cash, Bank & Others

MATURITY PROFILE
100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
Less than 1 Year
28
 Apex Pension
Investment Fund
SP
Investment Report January, 2010

Investment Objective: The investment objective for Apex Plus Investment Fund is to provide capital protection with a high level of
safety and liquidity through judicious investment in high quality short-term debt. The strategy is to generate better returns with low
level of risk through investment is fixed interest securities having short term maturity profile. The risk profile of the fund is very low and
asset allocation will be upto 100% in Money Markets and Cash.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - APEX PENSION INVESTMENT FUND SP (NAV [in Rs.] as on 29-Jan-10 is 9.9990

PORTFOLIO
Instrument Rating % of NAV
Cash, Bank & Others 100.00
Cash, Bank & Others 100.00
Net Assets 100.00

ASSET ALLOCATION
Instrument % of NAV
Cash, Bank & Others 100.00
Total 100.00

Rating
Instrument % of NAV
Cash, Bank & Others 100.00
Total 100.00

Asset Allocation Rating Profile

100.00%

100.00%

Cash, Bank & Others Cash, Bank & Others

MATURITY PROFILE
100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
Less than 1 Year
29
 Whole Life
Aggressive Growth Fund
Investment Report January, 2010

Investment Objective: The primary investment objective of the fund is to maximise the returns with medium to high risk.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.

Fund Manager: Mr. Saravana Kumar

PERFORMANCE - WHOLE LIFE AGGRESSIVE GROWTH FUND (NAV [in Rs.] as on 29-Jan-10 is 12.9730)
PERIOD DATE NAV NAV Change INDEX Change ASSET ALLOCATION % to NAV
Last 1 Month 31-Dec-09 13.3750 -3.01% -3.79% Equity 64.75
Last 3 Months 30-Oct-09 12.6020 2.94% 2.96% Corporate Bonds 26.56
Last 6 Months 31-Jul-09 12.2660 5.76% 4.17% Cash, Bank & Others 8.69
Last 1 Year 30-Jan-09 8.9920 44.27% 47.03% Net Assets 100.00
Since Inception 08-Jan-07 10.0000 8.88% 7.03%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
PORTFOLIO ASSET ALLOCATION
Instrument Industry % of NAV 64.75%

Equity 64.75
Reliance Industries Ltd Refinery 4.76
Infosys Technologies Ltd Computer Software 4.03
ICICI Bank Ltd Banking Services 3.14
ITC Ltd Cigarettes 2.65
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 2.59
HDFC Bank Banking Services 2.47
26.56%
Bharat Heavy Electricals Ltd Prime Movers 2.18
8.69%
State Bank Of India Banking Services 1.95
Axis Bank Ltd Banking Services 1.94
HDFC Ltd Housing Finance Services 1.80 Equity Corporate Bonds Cash, Bank & Others
Bharti Airtel Ltd Cellular Mobile Phone Service 1.74
Oil & Natural Gas Corp Ltd Petroleum Oil 1.66
Sterlite Industries (India) Ltd Copper & Copper Products 1.42
Crompton Greaves Ltd Motors & Generators 1.38
Bank Of Baroda Banking Services 1.31 SECTOR STRATEGY
Tata Steel Ltd Finished Steel 1.21
Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 1.19 Sector % to NAV
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.16 Banking Services 12.78
Wipro Ltd Computer Software 1.13
Bajaj Auto Ltd - New Shs Motorcycles 1.06 Computer Software 5.77
Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.05 Refinery 4.76
Sintex Industries Ltd Diversified 1.05 Drug Formulations 3.51
Exide Industries Ltd Storage Batteries 1.02 Industrial Contracts & Turnkey Projects 2.70
Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 1.00 Housing Finance Services 2.68
Asian Paints (India) Ltd Paints & Varnishes 0.98 Cigarettes 2.65
NTPC Ltd Thermal Electricity 0.97 Prime Movers 2.18
Cipla Ltd Drug Formulations 0.96 Cellular Mobile Phone Service 2.06
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.94 Construction Of Roads, Bridges, Tunnels Etc. 1.99
LIC Housing Finance Ltd Housing Finance Services 0.87 Finished Steel 1.77
Gujarat State Petronet Ltd Lng Storage And Distribution 0.86 Petroleum Oil 1.66
Oil India Ltd Service Activities Incidental To Oil And Gas Extra 0.85 Motorcycles 1.65
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.82 Copper & Copper Products 1.42
Grasim Industries Ltd Cement 0.79 Motors & Generators 1.38
Punjab National Bank Banking Services 0.75
Gail India Ltd LPG Storage And Distribution 0.75 Cement 1.23
Cesc Ltd Coal Based Thermal Electricity 0.68 Weaving, Manufacturing Of Man-Made Fiber 1.19
Mphasis Ltd Computer software 0.62 Utility Vehicles Including Jeeps 1.16
Punj Lloyd Ltd Civil Engineering 0.60 Diversified 1.05
Hero Honda Motors Ltd Motorcycles 0.59 Storage Batteries 1.02
Steel Authority Of India Ltd Finished Steel 0.57 Paints & Varnishes 0.98
Pantaloon Retail India Ltd Retail Trade 0.55 Thermal Electricity 0.97
ING Vysya Bank Ltd Banking services 0.52 Lng Storage And Distribution 0.86
Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 0.52 Service Activities Incidental To Oil And Gas Extra 0.85
Sun Pharmaceutical Industries Ltd Drug Formulations 0.50 Cosmetics/Soaps/Toiletries/Detergents 0.82
Shree Cement Ltd Cement 0.45 LPG Storage And Distribution 0.75
Bharat Electronics Ltd Electronics 0.44 Coal Based Thermal Electricity 0.68
Oriental Bank Of Commerce Banking Services 0.40 Civil Engineering 0.60
Piramal Healthcare Limited Drug Formulations 0.38 Retail Trade 0.55
Siemens India Ltd Switching Apparatus 0.34
Glenmark Pharmaceuticals Ltd Drug Formulations 0.33 Preparation For Oral Or Dental Hygiene 0.52
Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.33 Electronics 0.44
Reliance Communication Ltd Cellular Mobile Phone Service 0.32 Switching Apparatus 0.34
Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.32 Construction/Erection and Maintenance of Power 0.32
Marico Ltd Edible Oils 0.30 Edible Oils 0.30
Union Bank Of India Banking Services 0.30 Finance Related Allied Activities 0.29
Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.29 Castings 0.25
Aia Engineering Ltd Castings 0.25 Material Handling Equipments 0.21
Tata Chemicals Ltd Other Fertilisers 0.20 Other Fertilisers 0.20
Elecon Engineering Co Ltd Material Handling Equipments 0.12 Transformers 0.12
Emco Ltd Transformers 0.12 Entertainment 0.09
Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.11 Shipping 0.03
DB Corp Ltd Entertainment 0.09 Corporate Bonds 26.56
Beml Ltd Material Handling Equipments 0.08 Cash Bank & Others 8.69
Great Offshore Ltd Shipping 0.03
Corporate Bonds 26.56 Total 100.00
2.00% Tata Motor 2014 AAA 5.55 SECTOR-WISE BREAK-UP Banking Services
11.50% Rural Electric Corp. 2013 AAA 4.20 0.32% 0.30%
Refinery
Industrial Contracts & Turnkey Projects
0.34% Cigarettes
2.00% Indian Hotel Company 2014 AA+ 2.33 0.52% 0.44% 0.29% Cellular Mobile Phone Service
Finished Steel
8.80% Power Grid 2015 AAA 2.29 0.55%
0.25% Motorcycles
0.21% 0.12% Motors & Generators
9.20% HDFC Ltd 2012 AAA 1.97 0.60%
0.68% 0.20%
Weaving, Manufacturing Of Man-Made Fiber
Diversified
0.09%
8.40% HDFC 2014 AAA 1.90 0.75%
0.82%
0.03% Paints & Varnishes
Lng Storage And Distribution
7.95% PFC 2016 AAA 1.84 0.85% Cosmetics/Soaps/Toiletries/Detergents
Coal Based Thermal Electricity
11.75% Rural Electric Corp Ltd 2011 AAA 1.63 0.86% Retail Trade
Computer Software
0.97% 26.56%8.69%
9.05% IDFC 2010 AAA 1.62 Drug Formulations
Housing Finance Services
0.98%
9.50%HDFC 2013 AAA 1.04 1.02% Prime Movers
Construction Of Roads, Bridges, Tunnels Etc.
1.05% 12.78%
10.75% Reliance Ind 2018 AAA 0.85 1.16% 5.77%
Petroleum Oil
Copper & Copper Products
6.90% PFC 2012 AAA 0.76 1.19%
4.76%
Cement
Utility Vehicles Including Jeeps
1.23% 1.66% Storage Batteries
10.90% Rural Electric Corp. 2013 AAA 0.58 1.65% 3.51% Thermal Electricity
Service Activities Incidental To Oil And Gas Extra
CASH BANK & OTHERS 8.69 1.38% 2.70%
Cash Bank & Others 8.69
1.42%
2.18%
1.77% 1.99% 2.06%
2.65%
2.68%
LPG Storage And Distribution
Civil Engineering
Preparation For Oral Or Dental Hygiene 30
Net Assets 100.00
 Whole Life
Income Fund
Investment Report January, 2010

Investment Objective: The primary investment objective of the fund is to generate income through investing in a range of debt and
money 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.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - WHOLE LIFE INCOME FUND

(NAV [in Rs.] & CRISIL Composite Bond Fund Index as on 29-Jan-10 is 12.0230 and 1575.3191 respectively)

PERIOD DATE NAV CRISIL Composite Bond Fund Index NAV Change INDEX Change
Last 1 Month 31-Dec-09 11.9430 1566.5262 0.67% 0.56%
Last 3 Months 30-Oct-09 11.8230 1548.1524 1.69% 1.75%
Last 6 Months 31-Jul-09 11.6830 1543.0987 2.91% 2.09%
Last 1 Year 30-Jan-09 11.0800 1504.7636 8.51% 4.69%
Since Inception 8-Jan-07 10.0000 1298.7900 6.21% 6.51%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

RATING PROFILE ASSET ALLOCATION

64.13% 13.72%
22.15%
64.13%

13.72% 22.15%
AAA P1+ Cash Bank & Others Corporate Bonds CD/CP's Cash Bank & Others

RATING % to NAV ASSET ALLOCATION % to NAV

Corporate Bonds 64.13
AAA 64.13
CD/CP's 13.72
P1+ 13.72
Cash Bank & Others 22.15
Cash Bank & Others 22.15
Net Assets 100.00
Total 100.00
PORTFOLIO
Instrument Rating % of NAV
Corporate Bonds 64.13
MATURITY PROFILE 11.50% RECL 2013 AAA 11.74
9.45% LIC Housing 2012 AAA 10.06
100.00% 8.80% Power Grid 2015 AAA 9.70
6.98% IRFC 2012 AAA 9.65
80.00%
8.40% Exim Bank 2010 AAA 6.34
60.00% 6.90% PFC 2012 AAA 4.80
40.00% 7.40% Infrastructure 2012 AAA 3.85
20.00%
9.50% HDFC 2013 AAA 2.53
2.00% Tata Motors Ltd 2014 AAA 2.52
0.00% 7.20% HDFC 2010 AAA 2.42
Less than 1 Year 1-3 Years 3-6 Years
10.00% PFC 2012 AAA 0.51
CD/CP's 13.72
Bank of Baroda 2010 - CD P1+ 6.86
State Bank of Patiala 2010 - CD P1+ 6.86
Cash Bank & Others 22.15
Cash Bank & Others 22.15
Net Assets 100.00
31
 Whole Life
Stable Growth Fund
Investment Report January, 2010

Investment Objective: The primary investment objective of the Fund is to provide reasonable returns with low to medium risk.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - WHOLE LIFE STABLE GROWTH FUND (NAV [in Rs.] as on 29-Jan-10 is 12.0230)
PERIOD DATE NAV NAV Change INDEX Change ASSET ALLOCATION % to NAV
Last 1 Month 31-Dec-09 12.1460 -1.01% -2.12% Equity 30.06
Last 3 Months 30-Oct-09 11.7500 2.32% 2.50% Corporate Bonds 44.29
Last 6 Months 31-Jul-09 11.4930 4.61% 3.37% CD/CP's 9.31
Last 1 Year 30-Jan-09 9.4020 27.88% 30.74% Cash Bank & Others 16.33
Since Inception 8-Jan-07 10.0000 6.21% 6.83% Net Asset 100.00
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
PORTFOLIO SECTOR STRATEGY
Instrument Industry % of NAV Sector % to NAV
Equity 30.06
Reliance Industries Ltd Refinery 2.56 Banking Services 6.21
Infosys Technologies Ltd Computer Software 1.70 Refinery 2.56
ICICI Bank Ltd Banking Services 1.50
Bharat Heavy Electricals Ltd Prime Movers 1.30 Computer Software 2.17
ITC Ltd Cigarettes 1.29 Drug Formulations 1.53
HDFC Bank Banking Services 1.24 Industrial Contracts & Turnkey Projects 1.43
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 1.22
Oil & Natural Gas Corp Ltd Petroleum Oil 1.02 Prime Movers 1.30
Bharti Airtel Ltd Cellular Mobile Phone Service 0.99 Cigarettes 1.29
State Bank Of India Banking Services 0.96 Cellular Mobile Phone Service 1.24
Crompton Greaves Ltd Motors & Generators 0.82
Axis Bank Ltd Banking Services 0.70
Housing Finance Services 1.04
Sintex Industries Ltd Diversified 0.68 Petroleum Oil 1.02
Exide Industries Ltd Storage Batteries 0.66 Construction Of Roads, Bridges, Tunnels Etc. 0.88
Sterlite Industries (India) Ltd Copper & Copper Products 0.65
Bank Of Baroda Banking Services 0.62
Motors & Generators 0.82
United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.60 Diversified 0.68
HDFC Ltd Housing Finance Services 0.58 Storage Batteries 0.66
NTPC Ltd Thermal Electricity 0.58 Copper & Copper Products 0.65
Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 0.52
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.51 Ethyl Alcohol (Strength Less Than 80%) 0.60
Asian Paints (India) Ltd Paints & Varnishes 0.50 Thermal Electricity 0.58
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.50 Paints & Varnishes 0.50
Punjab National Bank Banking Services 0.48
Wipro Ltd Computer Software 0.48 Utility Vehicles Including Jeeps 0.50
Oriental Bank Of Commerce Banking Services 0.46 Finished Steel 0.42
LIC Housing Finance Ltd Housing Finance Services 0.45 Cosmetics/Soaps/Toiletries/Detergents 0.42
Tata Steel Ltd Finished Steel 0.42
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.42 Civil Engineering 0.41
Punj Lloyd Ltd Civil Engineering 0.41 Coal Based Thermal Electricity 0.38
Cesc Ltd Coal Based Thermal Electricity 0.38 Construction/Erection and Maintenance of Power 0.38
Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.38
Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.38 Cement 0.34
Shree Cement Ltd Cement 0.34 Preparation For Oral Or Dental Hygiene 0.33
Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 0.33 Lng Storage And Distribution 0.33
Gujarat State Petronet Ltd Lng Storage And Distribution 0.33
Sun Pharmaceutical Industries Ltd Drug Formulations 0.32 Electronics 0.30
Bharat Electronics Ltd Electronics 0.30 Heavy Commercial Vehicles 0.27
Tata Motors Ltd Heavy Commercial Vehicles 0.27 Finance Related Allied Activities 0.22
Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.27
Union Bank Of India Banking Services 0.25 Edible Oils 0.19
Reliance Communication Ltd Cellular Mobile Phone Service 0.25 Switchgears 0.12
Glenmark Pharmaceuticals Ltd Drug Formulations 0.24 Other Fertilisers 0.12
Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.22
Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.21 Castings 0.09
Marico Ltd Edible Oils 0.19 Material Handling Equipments 0.06
Piramal Healthcare Limited Drug Formulations 0.18 Transformers 0.04
Abb Ltd Switchgears 0.12
Tata Chemicals Ltd Other Fertilisers 0.12 Shipping 0.01
Aia Engineering Ltd Castings 0.09 Corporate Bonds 44.29
Elecon Engineering Co Ltd Material Handling Equipments 0.04 CD/CP's 9.31
Emco Ltd Transformers 0.04
Beml Ltd Material Handling Equipments 0.02
Cash Bank & Others 16.33
Great Offshore Ltd Shipping 0.01 Total 100.00
Corporate Bonds 44.29
6.98% IRFC 2012 AAA 7.86
7.90% RECL 2012 AAA 5.92 SECTOR-WISE BREAK-UP
10.75% Reliance Ind 2018 AAA 5.51 44.29%
9.31%
16.33%
ASSET ALLOCATION
11.50% Rural Electric Corp. 2013 AAA 5.43 0.01%
6.21% 2.56% 2.17% 1.53%
1.43%
0.04% 1.30%
9.20% Power Grid 2015 AAA 5.07 0.06%
0.09%
1.29%
1.24% 44.29%
8.40% Exim Bank 2010 AAA 4.96 0.12%
0.12%
0.19%
1.04%
1.02%
0.82%
30.06%

7.20% HDFC 2010 AAA 3.93 0.22%

0.27%
0.30%
0.88%
0.68%
0.66%
2.00% Tata Motor 2014 AAA 2.56 0.33% 0.34%
0.33% 0.42% 0.50%
0.65%

9.50% HDFC 2013 AAA 1.55 0.38%

0.38%
0.41%
0.42% 0.50%
0.58%
0.60%

9.05% IDFC 2010 AAA 1.50 Banking Services

Computer Software
Industrial Contracts & Turnkey Projects
Refinery
Drug Formulations
Prime Movers
16.33% 9.31%
CD/CP's 9.31 Cigarettes
Housing Finance Services
Construction Of Roads, Bridges, Tunnels Etc.
Diversified
Cellular Mobile Phone Service
Petroleum Oil
Motors & Generators
Storage Batteries

State Bank of Patiala 2010 - CD P1+ 4.66 Copper & Copper Products
Thermal Electricity
Utility Vehicles Including Jeeps
Ethyl Alcohol (Strength Less Than 80%)
Paints & Varnishes
Finished Steel
Cosmetics/Soaps/Toiletries/Detergents Civil Engineering
Bank of Baroda 2010 - CD P1+ 4.65 Coal Based Thermal Electricity
Cement
Lng Storage And Distribution
Construction/Erection and Maintenance of Power
Preparation For Oral Or Dental Hygiene
Electronics

Cash Bank & Others 16.33 Heavy Commercial Vehicles

Edible Oils
Other Fertilisers
Finance Related Allied Activities
Switchgears
Castings
Material Handling Equipments Transformers Equity Corporate Bonds CD/CP's
Cash Bank & Others 16.33 Shipping
CD/CP's
Corporate Bonds
Cash Bank & Others

Net Asset 100.00 32

 Whole Life
Mid-Cap Equity Fund
Investment Report January, 2010

Investment Objective: The primary investment objective of the fund is to generate long–term capital appreciation from a portfolio that
is invested pre-dominantly in Mid Cap Equity and Mid Cap Equity linked securities.
NAV Calculation: Daily
Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any
sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments
made therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - WHOLE LIFE MID-CAP EQUITY FUND (NAV [in Rs.] & NSE CNX MID-CAP as on 29-Jan-10 is 11.8340 and 7201.85 respectively)

PERIOD DATE NAV NSE CNX MID-CAP NAV Change INDEX Change ASSET ALLOCATION
2.35%
Last 1 Month 31-Dec-09 12.1680 7432.80 -2.74% -3.11%
Last 3 Months 30-Oct-09 10.9220 6579.80 8.35% 9.45% 6.27%

Last 6 Months 31-Jul-09 10.2840 5950.20 15.07% 21.04% 91.38%

Last 1 Year 30-Jan-09 6.2010 3357.35 90.84% 114.51%

Equity CD/CPs Cash, Bank & Others
Since Inception 8-Jan-07 10.0000 5156.45 5.66% 11.54%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
SECTOR STRATEGY
PORTFOLIO
Sector % to NAV Instrument Industry % of NAV
Banking Services 8.27 Equity 91.38
Drug formulations 8.05 Crompton Greaves Ltd Motors & Generators 2.57
Computer software 4.73 Asian Paints (India) Ltd Paints & Varnishes 2.49
Cement 4.52 Sesa Goa Ltd Minerals 2.34
Construction Of Roads, Bridges, Tunnels Etc. 4.14 Mphasis Ltd Computer software 2.29
Diversified 2.77 Shree Cement Ltd Cement 2.22
Motors & Generators 2.57 Lupin Ltd Drugs & Pharmaceuticals 2.05
Paints & Varnishes 2.49 Union Bank Of India Banking Services 2.01
Minerals 2.34 Cadila Healthcare Ltd Drug formulations 1.95
Drugs & Pharmaceuticals 2.05 Bank Of Baroda Banking Services 1.94
Pesticides & Pesticide Intermediates, Nec 1.89 United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 1.89
Weaving, Manufacturing Of Man-Made Fiber 1.83 Sintex Industries Ltd Diversified 1.88
Coal Based Thermal Electricity 1.81 Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 1.88
Lng Storage And Distribution 1.80 Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 1.83
Material Handling Equipments 1.74
Manufacture Of Pharmaceuticals, Medicinal Chemical 1.71 Patni Computer Systems Ltd Computer Software 1.82
Civil engineering works 1.71 Cesc Ltd Coal Based Thermal Electricity 1.81
Storage Batteries 1.65 Gujarat State Petronet Ltd Lng Storage And Distribution 1.80
Retail Trade 1.60 Lanco Infratech Ltd Civil engineering works 1.71
Financial Institutions 1.50 Aurobindo Pharma Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 1.71
Manufacture Of Rubber Tyres And Tubes 1.46 Exide Industries Ltd Storage Batteries 1.65
Towers & Lattice Masts 1.45 Piramal Healthcare Limited Drug Formulations 1.65
Preparation For Oral Or Dental Hygiene 1.43 Ultratech Cement Ltd Cement 1.58
Ethyl Alcohol (Strength Less Than 80%) 1.39 Nagarjuna Cons Co Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.58
Castings 1.36 Pantaloon Retail India Ltd Retail Trade 1.56
NBFCs(including hire purchase/leasing companies) 1.33 Power Finance Corp Ltd Financial Institutions 1.50
Steel 1.29 Apollo Tyres Ltd Manufacture Of Rubber Tyres And Tubes 1.46
Electronics 1.25 Jyoti Structures Ltd Towers & Lattice Masts 1.45
Cosmetics/Soaps/Toiletries/Detergents 1.18 Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 1.43
Transformers 1.09 Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.40
Refinery 1.03 United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 1.39
Lube oils & lubricants 1.01 Glenmark Pharmaceuticals Ltd Drug Formulations 1.36
Construction - Civil / Turnkey - Large 0.96 Aia Engineering Ltd Castings 1.36
Heavy commercial vehicles 0.96 Shriram Transport Finance Co Ltd NBFCs(including hire purchase/leasing companies) 1.33
Biaxially oriented polypropylene film 0.94 Jsw Steel Limited Steel 1.29
All India Development Institutions (Dfis) 0.94 Bharat Electronics Ltd Electronics 1.25
Trade In Minerals & Energy Sources 0.93 Ing Vysya Bank Ltd Banking services 1.24
Automobiles 0.91 Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 1.21
Shipping 0.90 Dabur India Ltd Cosmetics/Soaps/Toiletries/Detergents 1.18
Copper & Copper Products 0.85 Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.16
Steam Boilers 0.80
Industrial Contracts & Turnkey Projects 0.77 Yes Bank Ltd Banking services 1.12
Construction/Erection and Maintenance of Power 0.76 Emco Ltd Transformers 1.09
Other Fertilisers 0.75 Hindustan Petroleum Corp Ltd Refinery 1.03
Dairy products 0.71 Castrol India Ltd Lube oils & lubricants 1.01
Transport Services Support Systems 0.69 Gammon India Ltd Construction - Civil / Turnkey - Large 0.96
Housing Finance Services 0.61 Ashok Leyland Ltd Heavy commercial vehicles 0.96
Railway Wagons, Coaches Etc. 0.60 Max India Limited Biaxially oriented polypropylene film 0.94
Paper And Paper Products 0.56 Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.94
Tea 0.53 Ptc India Ltd Trade In Minerals & Energy Sources 0.93
auto ancillary 0.52 Tvs Motor Co Ltd Automobiles 0.91
Internal Combustion Engines 0.51 Great Eastern Shipping Co Ltd Shipping 0.90
Soaps 0.41 Voltas Limited Diversified 0.89
Media-Broadcasting 0.36 Federal Bank Ltd Banking services 0.88
Switching Apparatus 0.34 Sterlite Industries (India) Ltd Copper & Copper Products 0.85
LNG Storage & Distribution 0.27 Thermax Limited Steam Boilers 0.80
Construction/erection and maintenance of power. 0.14 Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 0.77
Power Transmission Line Services 0.13 Tata Chemicals Ltd Other Fertilisers 0.75
Mobile Cranes 0.09 Oriental Bank Of Commerce Banking Services 0.75
CD/CP's 2.35 Elecon Engineering Co Ltd Material Handling Equipments 0.73
Cash Bank & Others 6.27 Nestle India Ltd Dairy products 0.71
Total 100.00 Container Corp Of India Ltd Transport Services Support Systems 0.69
Aptech Ltd Computer software 0.62
SECTOR-WISE BREAK-UP
Banking Services
Computer software
Construction Of Roads, Bridges, Tunnels Etc.
Lic Housing Finance Ltd Housing Finance Services 0.61
Titagarh Wagons Ltd Railway Wagons, Coaches Etc. 0.60
Motors & Generators
Minerals
Pesticides & Pesticide Intermediates, Nec
0.14% Coal Based Thermal Electricity
0.36% 0.34% 0.27% 0.13%
Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.57
Material Handling Equipments

6.27% Civil engineering works

Retail Trade
0.41% 0.09% Manufacture Of Rubber Tyres And Tubes
8.27%
Ballarpur Industries Ltd Paper And Paper Products 0.56
Preparation For Oral Or Dental Hygiene
Castings
0.51% 2.35% Steel
0.52% 8.05% Cosmetics/Soaps/Toiletries/Detergents

Tata Tea Tea 0.53

Refinery
0.53% 4.73% Construction - Civil / Turnkey - Large
Biaxially oriented polypropylene film
0.56% Trade In Minerals & Energy Sources

Bosch Ltd auto ancillary 0.52

Shipping
0.60% Steam Boilers
0.61% 4.52% Construction/Erection and Maintenance of Power
Dairy products
0.69%
Cummins India Ltd Internal Combustion Engines 0.51
Housing Finance Services
Paper And Paper Products
0.71% auto ancillary

0.75% Soaps

Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.50

Switching Apparatus
4.14% Construction/erection and maintenance of power.
0.76% Mobile Cranes

0.77%
0.80%
Cash Bank & Others

Trf Ltd Material Handling Equipments 0.44

Drug formulations
2.77% Cement
Diversified
0.85% 2.57%
Paints & Varnishes

Godrej Consumer Products Ltd Soaps 0.41

Drugs & Pharmaceuticals
0.90% Weaving, Manufacturing Of Man-Made Fiber
Lng Storage And Distribution
0.91% 2.49% Manufacture Of Pharmaceuticals, Medicinal Chemical

India Cements Ltd Cement 0.39

Storage Batteries
0.93% Financial Institutions
2.34% Towers & Lattice Masts

0.94%
0.94% 2.05%
Ethyl Alcohol (Strength Less Than 80%)

Zee News Ltd Media-Broadcasting 0.36

NBFCs(including hire purchase/leasing companies)
Electronics
Transformers
0.96% 1.01% 1.89% Lube oils & lubricants

Areva T&D India Ltd Switching Apparatus 0.34

Heavy commercial vehicles
0.96% 1.03% All India Development Institutions (Dfis)
1.83% Automobiles

1.09% Copper & Copper Products

Karnataka Bank Banking services 0.33

Industrial Contracts & Turnkey Projects

1.18% 1.81% Other Fertilisers

Transport Services Support Systems
1.46% 1.80% Railway Wagons, Coaches Etc.
1.25% 1.33% 1.71%
Madras Cements Ltd Cement 0.33
Tea

1.74% Internal Combustion Engines

1.29% 1.36%1.39% 1.45% 1.60%

Media-Broadcasting
1.71% LNG Storage & Distribution

Gujarat Gas Company Ltd LNG Storage & Distribution 0.27

Power Transmission Line Services

1.43% 1.50% 1.65% CD/CP's

Dlf Ltd Construction/Erection and Maintenance of Power 0.26

Kec International Ltd Construction/erection and maintenance of power. 0.14
ASSET ALLOCATION % to NAV Power Grid Corp Of India Ltd Power Transmission Line Services 0.13
Action Construction Equipments Ltd Mobile Cranes 0.09
Equity 91.38 Vishal Retail Ltd
CD/CP's
Retail Trade 0.04
2.35
CD/CP's 2.35 ICICI Bank 2010 - CD
Axis Bank 2010 - CD
P1+
P1+
1.12
0.73
Canara Bank 2010 - CD P1+ 0.50
Cash Bank & Others 6.27 Cash Bank & Others
Net Assets
6.27
100.00
33
Net Assets 100.00
 Whole Life
Short-Term Fixed
Income Fund
Investment Report January, 2010

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

NAV Calculation: Daily

Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum
received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made
therein from time to time.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - WHOLE LIFE SHORT-TERM FIXED INCOME FUND

(NAV [in Rs.] & CRISIL Short-Term Bond Index as on 29-Jan-10 is 12.1230 and 1620.4374 respectively)

PERIOD DATE NAV CRISIL Short-Term Bond Index NAV Change INDEX Change
Last 1 Month 31-Dec-09 12.0450 1612.5226 0.65% 0.49%
Last 3 Months 30-Oct-09 11.9080 1597.9520 1.81% 1.41%
Last 6 Months 31-Jul-09 11.7820 1585.1401 2.89% 2.23%
Last 1 Year 30-Jan-09 11.1910 1525.5280 8.33% 6.22%
Since Inception 8-Jan-07 10.0000 1281.0900 6.49% 7.98%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

RATING PROFILE ASSET ALLOCATION

71.41%

19.17%

9.42% 71.41%

19.17%
9.42%
AAA P1+ Cash Bank & Others Corporate Bonds CD/CP's Cash Bank & Others

RATING % to NAV ASSET ALLOCATION % to NAV

AAA 71.41 Corporate Bonds 71.41
P1+ 9.42 CD/CP's 9.42
Cash Bank & Others 19.17 Cash Bank & Others 19.17
Net Assets 100.00 Net Assets 100.00
PORTFOLIO
MATURITY PROFILE Instrument Rating % of NAV
Corporate Bonds 71.41
80.00%
70.00%
7.90% RECL 2012 AAA 14.99
60.00%
9.68% IRFC 2012 AAA 13.02
50.00%
8.40% Exim Bank 2010 AAA 8.37
40.00%
9.45% LIC Housing 2012 AAA 7.77
30.00%
6.98% IRFC 2012 AAA 6.63
20.00% 7.35% HPCL 2012 AAA 6.60
10.00% 6.84% HDFC 2011 AAA 5.78
0.00% 7.40% Infrastructure 2012 AAA 4.95
Less than 1 Year 1-3 Years 6.90% PFC 2012 AAA 3.30
CD/CP's 9.42
Bank of Baroda 2010 - CD P1+ 4.71
State Bank of Patiala 2010 - CD P1+ 4.71
Cash Bank & Others 19.17
Cash Bank & Others 19.17
Net Assets 100.00

34
 Future Equity
Pension Fund
Investment Report January, 2010

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

NAV Calculation: Daily

Tax Benefits: 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.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - FUTURE EQUITY PENSION FUND (NAV [in Rs.] & S&P CNX NIFTY as on 29-Jan-10 is 10.7750 and 4882.05 respectively)
PERIOD DATE NAV S&P CNX NIFTY NAV Change INDEX Change
Last 1 Month 31-Dec-09 11.3490 5201.05 -5.06% -6.13%
Last 3 Month 30-Oct-09 10.4310 4711.70 3.30% 3.62%
Last 6 Month 31-Jul-09 10.0070 4636.45 7.67% 5.30%
Last 1 Year 30-Jan-09 6.2980 2874.80 71.09% 69.82%
Since Inception 4-Feb-08 10.0000 5463.50 3.83% -5.51%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
PORTFOLIO
Instrument Industry % of NAV
Equity 91.87 SECTOR STRATEGY
Reliance Industries Ltd Refinery 7.65 Sector % to NAV Sector % to NAV
Infosys Technologies Ltd Computer Software 6.17 Banking Services 17.53 Cosmetics/Soaps/Toiletries/Detergents 1.29
ICICI Bank Ltd Banking Services 5.17 Computer Software 10.26 Coal Based Thermal Electricity 1.18
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 4.75 Refinery 7.65 Cement 1.15
Industrial Contracts & Turnkey Projects 4.75 LPG Storage And Distribution 1.05
ITC Ltd Cigarettes 4.45 Cigarettes 4.45 Manufacture Of Pharmaceuticals, Medicinal Chemical 1.00
HDFC Bank Banking Services 3.92 Housing Finance Services 3.18 Paints & Varnishes 0.99
Construction Of Roads, Bridges, Tunnels Etc. 3.12 Service Activities Incidental To Oil And Gas Extra 0.93
HDFC Ltd Housing Finance Services 3.18 Diversified 3.03 Weaving, Manufacturing Of Man-Made Fiber 0.90
Bharat Heavy Electricals Ltd Prime Movers 3.00 Prime Movers 3.00 Thermal Electricity 0.86
State Bank Of India Banking Services 2.84 Drug Formulations 2.93 Switching Apparatus 0.77
Cellular Mobile Phone Service 2.73 All India Development Institutions (Dfis) 0.62
Bharti Airtel Ltd Cellular Mobile Phone Service 2.73 Petroleum Oil 2.41 Power Transmission Line Services 0.50
Oil & Natural Gas Corp Ltd Petroleum Oil 2.41 Copper & Copper Products 2.35 Material Handling Equipments 0.35
Motors & Generators 2.32 Construction/Erection and Maintenance of Power 0.30
Sterlite Industries (India) Ltd Copper & Copper Products 2.35 Finished Steel 2.03 Other Fertilisers 0.21
Crompton Greaves Ltd Motors & Generators 2.32 Utility Vehicles Including Jeeps 1.81 Hydro Electricity 0.19
Bank Of Baroda Banking Services 2.31 Motorcycles 1.54 Transformers 0.19
Heavy Commercial Vehicles 1.48 Cash Bank & Others 8.14
Tata Steel Ltd Finished Steel 2.03 Ethyl Alcohol (Strength Less Than 80%) 1.43 Total 100.00
Axis Bank Ltd Banking Services 2.01 Storage Batteries 1.39
Sintex Industries Ltd Diversified 1.91
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 1.81 Banking Services
Refinery
Wipro Ltd
Ivrcl Infrastructures & Projects Ltd
Computer Software
Construction Of Roads, Bridges, Tunnels Etc.
1.73
1.64
SECTOR-WISE BREAK-UP Cigarettes
Construction Of Roads, Bridges, Tunnels Etc.
Prime Movers
Cellular Mobile Phone Service
Copper & Copper Products
0.35% 0.30%
Bajaj Auto Ltd - New Shs Motorcycles 1.54 0.50% 0.21% Finished Steel
Motorcycles
0.77%0.62% 0.19% Ethyl Alcohol (Strength Less Than 80%)
17.53%
Tata Motors Ltd Heavy Commercial Vehicles 1.48 0.19% 8.14% Cosmetics/Soaps/Toiletries/Detergents
Cement
0.86% Manufacture Of Pharmaceuticals, Medicinal Chemical
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 1.47 0.90% Service Activities Incidental To Oil And Gas Extra
0.93% 10.26%
Thermal Electricity
United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 1.43 0.99% All India Development Institutions (Dfis)
Material Handling Equipments
1.00% Other Fertilisers
Cipla Ltd Drug Formulations 1.41 1.05% 7.65% Transformers
Computer Software
1.15%
Exide Industries Ltd Storage Batteries 1.39 1.18% Industrial Contracts & Turnkey Projects
Housing Finance Services
4.75% Diversified
Mphasis Ltd Computer software 1.33 Drug Formulations
Petroleum Oil
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 1.29 1.29% 4.45% Motors & Generators
Utility Vehicles Including Jeeps
Heavy Commercial Vehicles
1.43%
Punjab National Bank Banking Services 1.28 3.00%
2.93%
3.18% Storage Batteries
Coal Based Thermal Electricity
1.48%
Cesc Ltd Coal Based Thermal Electricity 1.18 1.39% 2.73%
3.12%
LPG Storage And Distribution
Paints & Varnishes
1.54% 3.03% Weaving, Manufacturing Of Man-Made Fiber
Grasim Industries Ltd Cement 1.15 2.03% 2.41% Switching Apparatus
Power Transmission Line Services
2.35%
Voltas Limited Diversified 1.12 1.81%
2.32%
Construction/Erection and Maintenance of Power
Hydro Electricity
Cash Bank & Others
Gail India Ltd LPG Storage And Distribution 1.05
Patni Computer Systems Ltd Computer Software 1.03
Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 1.00
Asian Paints (India) Ltd Paints & Varnishes 0.99
Oil India Ltd
Aditya Birla Nuvo Ltd
Service Activities Incidental To Oil And Gas Extra

Weaving, Manufacturing Of Man-Made Fiber

0.93
0.90
ASSET ALLOCATION
Glenmark Pharmaceuticals Ltd Drug Formulations 0.86
91.87%
NTPC Ltd Thermal Electricity 0.86
Sun Pharmaceutical Industries Ltd Drug Formulations 0.66
Siemens India Ltd Switching Apparatus 0.62
Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.62
Power Grid Corp Of India Ltd Power Transmission Line Services 0.50
DLF Ltd Construction/Erection and Maintenance of Power 0.30
Mcnally Bharat Engineering Co Ltd Material Handling Equipments 0.21
Tata Chemicals Ltd Other Fertilisers 0.21 8.14%
NHPC Ltd Hydro Electricity 0.19
Emco Ltd Transformers 0.19 Equity Cash, Bank & Others
Areva T&D India Ltd Switching Apparatus 0.14
Elecon Engineering Co Ltd Material Handling Equipments 0.14
Cash Bank & Others 8.14
Net Assets 100.00 ASSET ALLOCATION % to NAV
Equity 91.87
Cash Bank & Others 8.14
Net Assets 100.00 35
 Future Growth
Pension Fund
Investment Report January, 2010

Investment Objective: The primary investment objective of the fund is to maximise the returns with medium risk.

NAV Calculation: Daily

Tax Benefits: 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.
Fund Manager: Mr. Saravana Kumar
PERFORMANCE - FUTURE GROWTH PENSION FUND (NAV [in Rs.] as on 29-Jan-10 is 11.4060)
PERIOD DATE NAV NAV Change INDEX Change ASSET ALLOCATION % to NAV
Last 1 Month 31-Dec-09 11.4650 -0.51% -1.45% Equity 21.50
Last 3 Months 30-Oct-09 11.1520 2.28% 2.31% Corporate Bonds 54.20
Last 6 Months 31-Jul-09 10.9700 3.97% 3.05%
Cash, Bank & Others 24.30
Last 1 Year 30-Jan-09 9.4350 20.89% 24.23%
Since Inception 4-Feb-08 10.0000 6.85% 2.52% Net Assets 100.00
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

PORTFOLIO SECTOR STRATEGY

Instrument Industry % of NAV Sector % to NAV Sector % to NAV
Equity 21.50
Banking Services 4.41% Financial Institutions 0.31%
Reliance Industries Ltd Refinery 1.77 Computer Software 1.93% All India Development Institutions (Dfis) 0.30%
Infosys Technologies Ltd Computer Software 1.26 Refinery 1.77% Switchgears 0.27%
ICICI Bank Ltd Banking Services 1.09 Drug Formulations 1.65% Finished Steel 0.24%
ITC Ltd Cigarettes 0.95 Cigarettes 0.95% Civil Engineering 0.24%
Industrial Contracts & Turnkey Projects 0.90% Passenger Cars & Multi Utility Vehicles 0.24%
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 0.90 Cellular Mobile Phone Service 0.73% Motorcycles 0.19%
HDFC Bank Banking Services 0.90 Petroleum Oil 0.70% Media-Broadcasting 0.18%
Oil & Natural Gas Corp Ltd Petroleum Oil 0.70 Prime Movers 0.66% Heavy Commercial Vehicles 0.18%
Bharat Heavy Electricals Ltd Prime Movers 0.66 Thermal Electricity 0.64% Construction/Erection and Maintenance of Power 0.17%
Housing Finance Services 0.61% Finance Related Allied Activities 0.15%
State Bank Of India Banking Services 0.61 Motors & Generators 0.55% Steam Boilers 0.11%
Bank Of Baroda Banking Services 0.61 Construction Of Roads, Bridges, Tunnels Etc. 0.52% Cement 0.10%
HDFC Ltd Housing Finance Services 0.61 Copper & Copper Products 0.51% Switching Apparatus 0.05%
Bharti Airtel Ltd Cellular Mobile Phone Service 0.60 Storage Batteries 0.47% Transformers 0.02%
Diversified 0.47% Corporate Bonds 54.20%
Crompton Greaves Ltd Motors & Generators 0.55 LPG Storage And Distribution 0.33% Cash Bank & Others 24.30%
Axis Bank Ltd Banking Services 0.52 Coal Based Thermal Electricity 0.33% Total 100.00
Sterlite Industries (India) Ltd Copper & Copper Products 0.51 Ethyl Alcohol (Strength Less Than 80%) 0.31%
Exide Industries Ltd Storage Batteries 0.47 Cosmetics/Soaps/Toiletries/Detergents 0.31%
Sintex Industries Ltd Diversified 0.43
Cadila Healthcare Ltd Drug formulations 0.42
Wipro Ltd Computer Software 0.38
NTPC Ltd Thermal Electricity 0.36 ASSET ALLOCATION
Dishman Pharmaceuticals & Chemicals Ltd Drug Formulations 0.34 54.20%
Gail India Ltd LPG Storage And Distribution 0.33
Cesc Ltd Coal Based Thermal Electricity 0.33
United Spirits Ltd Ethyl Alcohol (Strength Less Than 80%) 0.31
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.31
Power Finance Corp Ltd Financial Institutions 0.31
Rural Electrification Corporation Ltd All India Development Institutions (Dfis) 0.30
Mphasis Ltd Computer software 0.29
Tata Power Co Ltd Thermal Electricity 0.28 24.30%
Abb Ltd Switchgears 0.27
21.50%
Cipla Ltd Drug Formulations 0.27
Punjab National Bank Banking Services 0.27 Equity Corporate Bonds Cash, Bank & Others
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.26
Ivrcl Infrastructures & Projects Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.26
Tata Steel Ltd Finished Steel 0.24
Punj Lloyd Ltd Civil Engineering 0.24
Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.24
Oriental Bank Of Commerce Banking Services 0.23
Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 0.22 SECTOR-WISE BREAK-UP
Glenmark Pharmaceuticals Ltd Drug Formulations 0.21 24.30% 4.41%
Union Bank Of India Banking Services 0.19 1.93%
Sun Pharmaceutical Industries Ltd Drug Formulations 0.19 1.77%
Bajaj Auto Ltd - New Shs Motorcycles 0.19 1.65%
Zee News Ltd Media-Broadcasting 0.18 0.95%
0.90%
Tata Motors Ltd Heavy Commercial Vehicles 0.18 0.73%
Simplex Infrastructures Ltd Construction/Erection and Maintenance of Power 0.17 54.20% 0.70%
0.66%
Infrastructure Dev Fin Co Ltd Finance Related Allied Activities 0.15 0.64%
Reliance Communication Ltd Cellular Mobile Phone Service 0.13 0.61%
0.02%
Thermax Limited Steam Boilers 0.11 0.05% 0.55%
Ambuja Cements Ltd Cement 0.10 0.10%
0.52%
Areva T&D India Ltd Switching Apparatus 0.05 0.11% 0.31% 0.33% 0.51%
0.15% 0.24% 0.31% 0.47%
Voltas Limited Diversified 0.04 0.17% 0.18% 0.33%
Emco Ltd Transformers 0.02 0.18% 0.27% 0.30% 0.31% 0.47%
0.18% 0.24%
0.24%
Corporate Bonds 54.20 Banking Services
Refinery
Computer Software
Drug Formulations
10.00% IDFC 2012 AAA 13.52 Cigarettes
Cellular Mobile Phone Service
Industrial Contracts & Turnkey Projects
Petroleum Oil

10.00% PFC 2012 AAA 8.99 Prime Movers

Housing Finance Services
Thermal Electricity
Motors & Generators
Construction Of Roads, Bridges, Tunnels Etc.
7.9% RECL 2012 AAA 8.54 Storage Batteries
LPG Storage And Distribution
Copper & Copper Products
Diversified
Coal Based Thermal Electricity
8.40% HDFC 2014 AAA 8.50 Ethyl Alcohol (Strength Less Than 80%)
Financial Institutions
Cosmetics/Soaps/Toiletries/Detergents
All India Development Institutions (Dfis)
8.40% Exim Bank 2010 AAA 6.87 Switchgears
Civil Engineering
Finished Steel
Passenger Cars & Multi Utility Vehicles
Motorcycles
7.20% HDFC 2010 AAA 5.10 Heavy Commercial Vehicles
Finance Related Allied Activities
Media-Broadcasting
Construction/Erection and Maintenance of Power

9.50% HDFC 2013 AAA 2.67 Cement

Transformers
Steam Boilers
Switching Apparatus
Corporate Bonds
Cash Bank & Others 24.30 Cash Bank & Others

Net Assets 100.00

36
 Future Capital
Guarantee Pension Fund
Investment Report January, 2010

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

NAV Calculation: Daily

Tax Benefits: 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.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - FUTURE CAPITAL GUARANTEE PENSION FUND (NAV [in Rs.] as on 29-Jan-10 is 11.1650)
PERIOD DATE NAV NAV Change INDEX Change ASSET ALLOCATION
Last 1 Month 31-Dec-09 11.1730 -0.07% -0.44% 1.89%

Last 3 Month 30-Oct-09 11.0540 1.00% 2.03% 9.77%

Last 6 Month 31-Jul-09 10.9540 1.93% 2.57%
Last 1 Year 30-Jan-09 10.5090 6.24% 14.46% 70.15%
Since Inception 4-Feb-08 10.0000 5.70% 4.24%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
18.19%

PORTFOLIO Equity Government Securities

Corporate Bonds Cash Bank & Others
Instrument Industry % of NAV
Equity 9.77
Reliance Industries Ltd Refinery 0.94 SECTOR STRATEGY
Infosys Technologies Ltd Computer Software 0.69
ICICI Bank Ltd Banking Services 0.59 Sector % to NAV Sector % to NAV
ITC Ltd Cigarettes 0.49 Banking Services 1.83 Cement 0.19
HDFC Bank Banking Services 0.46 Computer Software 1.04 Heavy Commercial Vehicles 0.17
Refinery 0.94 Power Transmission Line Services 0.17
Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 0.45 0.16
Finished Steel 0.52 Weaving, Manufacturing Of Man-Made Fiber
Oil & Natural Gas Corp Ltd Petroleum Oil 0.41 Thermal Electricity 0.50 Construction Of Roads, Bridges, Tunnels Etc. 0.15
Bharti Airtel Ltd Cellular Mobile Phone Service 0.40 Cigarettes 0.49 Iron And Steel 0.14
State Bank Of India Banking Services 0.38 Industrial Contracts & Turnkey Projects 0.45 Switchgears 0.12
Bharat Heavy Electricals Ltd Prime Movers 0.36 Petroleum Oil 0.41 LPG Storage And Distribution 0.11
Cellular Mobile Phone Service 0.40 Passenger Cars & Multi Utility Vehicles 0.10
Tata Steel Ltd Finished Steel 0.35
Prime Movers 0.36 Construction/Erection and Maintenance of Power 0.10
HDFC Ltd Housing Finance Services 0.31 Housing Finance Services 0.31 Refineries 0.09
Sterlite Industries (India) Ltd Copper & Copper Products 0.31 Copper & Copper Products 0.31 Government Securities 1.89
Axis Bank Ltd Banking Services 0.29 Cosmetics/Soaps/Toiletries/Detergents 0.25 Corporate Bonds 70.14
Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 0.25 Utility Vehicles Including Jeeps 0.23 Cash Bank & Others 18.19
Wipro Ltd Computer Software 0.24 Drug Formulations 0.22 Total 100.00
Mahindra And Mahindra Ltd Utility Vehicles Including Jeeps 0.23
Grasim Industries Ltd Cement 0.19
Steel Authority Of India Ltd Finished Steel 0.17
NTPC Ltd Thermal Electricity 0.17 ASSET ALLOCATION % to NAV
Tata Power Co Ltd Thermal Electricity 0.17 Equity 9.77
Tata Motors Ltd Heavy Commercial Vehicles 0.17
Power Grid Corp Of India Ltd Power Transmission Line Services 0.17 Government Securities 1.89
Aditya Birla Nuvo Ltd Weaving, Manufacturing Of Man-Made Fiber 0.16
Reliance Infrastructure Thermal Electricity 0.15
Corporate Bonds 70.14
Jaiprakash Associates Ltd Construction Of Roads, Bridges, Tunnels Etc. 0.15 Cash Bank & Others 18.19
Jindal Steel & Power Ltd Iron And Steel 0.14
ABB Ltd Switchgears 0.12 Net Assets 100.00
Punjab National Bank Banking Services 0.12
Gail India Ltd LPG Storage And Distribution 0.11
Hcl Technologies Ltd Computer Software 0.11
Sun Pharmaceutical Industries Ltd Drug Formulations 0.11
Cipla Ltd Drug Formulations 0.11 SECTOR-WISE BREAK-UP
Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 0.10 70.14%
DLF Ltd Construction/Erection and Maintenance of Power 0.10
Indian Oil Corp Ltd Refineries 0.09
Government Securities 1.89
9.39% GOI 2011 Sovereign 1.89 18.19%
Corporate Bonds 70.14 1.83%
10.00% PFC 2012 AAA 23.77 1.04%
1.89% 0.94%
9.68% IRFC 2012 AAA 15.69
0.09% 0.52%
9.45% LIC Housing 2012 AAA 15.60
0.10% 0.49%
8.40% Exim Bank 2010 AAA 7.57 0.10%
7.90% RECL 2012 AAA 3.76 0.12%
0.50%
7.20% HDFC 2010 AAA 3.75 0.11% 0.41% 0.45%
Cash Bank & Others 18.19 0.40%
0.14%
0.15%
Net Assets 100.00 0.36%
0.16%
0.17% 0.23% 0.31%
0.17% 0.25% 0.31%
0.19% Banking Services Computer Software
Refinery Finished Steel
0.22% Thermal Electricity
Industrial Contracts & Turnkey Projects
Cigarettes
Petroleum Oil
Cellular Mobile Phone Service Prime Movers
Housing Finance Services Copper & Copper Products
Cosmetics/Soaps/Toiletries/Detergents Utility Vehicles Including Jeeps
Drug Formulations Cement
Heavy Commercial Vehicles Power Transmission Line Services
Weaving, Manufacturing Of Man-Made Fiber Construction Of Roads, Bridges, Tunnels Etc.
Iron And Steel Switchgears
LPG Storage And Distribution Passenger Cars & Multi Utility Vehicles
Construction/Erection and Maintenance of Power Refineries
Government Securities Corporate Bonds
Cash Bank & Others

37
 Future Balanced
Pension Fund
Investment Report January, 2010

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

NAV Calculation: Daily

Tax Benefits: 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.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - FUTURE BALANCED PENSION FUND (NAV [in Rs.] as on 29-Jan-10 is 11.4970)
PERIOD DATE NAV NAV Change INDEX Change
Last 1 Month 31-Dec-09 11.4280 0.60% -0.11%
Last 3 Months 30-Oct-09 11.2690 2.02% 1.94%
Last 6 Months 31-Jul-09 11.1760 2.87% 2.41%
Last 1 Year 30-Jan-09 10.7220 7.23% 11.20%
Since Inception 4-Feb-08 10.0000 7.28% 4.81%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

RATING PROFILE PORTFOLIO

Instrument Rating % of NAV
Government Securities 0.87
9.39% GOI 2011 Sovereign 0.87
63.03%
Corporate Bonds 63.03
10.00% IDFC 2012 AAA 16.12
0.87%
10.00% PFC 2012 AAA 16.07
7.90% RECL 2012 AAA 13.08
36.10% 8.40% Exim Bank 2010 AAA 8.77
9.68% IRFC 2012 AAA 4.55
9.45% LIC Housing 2012 AAA 2.26
7.20% HDFC 2010 AAA 2.17
Sovereign AAA Cash, Bank & Others Cash Bank & Others 36.10
Net Assets 100.00

RATING % to NAV
Sovereign 0.87
AAA 63.03
ASSET ALLOCATION Cash, Bank & Others 36.10
Total 100.00
36.10% 0.87%
ASSET ALLOCATION % to NAV
Government Securities 0.87
Corporate Bonds 63.03
Cash Bank & Others 36.10
Net Assets 100.00
63.03%
MATURITY PROFILE
Government Securities Corporate Bonds 100.00%
Cash, Bank & Others
80.00%

60.00%

40.00%

20.00%

0.00%
Less than 1 Year 1-3 Years

38
 Future Income
Pension Fund
Investment Report January, 2010

Investment Objective: The primary investment objective of the fund is to generate income through investing in a range of debt and money
market instruments of various maturities with a view to maximising the optimal balance between yield, safety and liquidity.

NAV Calculation: Daily

Tax Benefits: 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.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - FUTURE INCOME PENSION FUND

(NAV [in Rs.] & CRISIL Composite Bond Fund Index as on 29-Jan-10 is 11.3690 and 1575.3191 respectively)
PERIOD DATE NAV CRISIL Composite Bond Fund Index NAV Change INDEX Change
Last 1 Month 31-Dec-09 11.2970 1566.5262 0.64% 0.56%
Last 3 Months 30-Oct-09 11.1660 1548.1524 1.82% 1.75%
Last 6 Months 31-Jul-09 11.0580 1543.0987 2.81% 2.09%
Last 1 Year 30-Jan-09 10.5410 1504.7636 7.86% 4.69%
Since Inception 4-Feb-08 10.0000 1404.2018 6.67% 5.96%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.

PORTFOLIO
Instrument Rating % of NAV
Corporate Bonds 74.90
RATING PROFILE 8.40% HDFC 2014 AAA 14.95
9.45% LIC Housing 2012 AAA 12.45
10.00% PFC 2012 AAA 11.07
9.68% IRFC 2012 AAA 10.96
7.40% Infrastructure 2012 AAA 8.93
7.90% RECL 2012 AAA 7.51
25.10%
74.90% 8.40% Exim Bank 2010 AAA 6.04
7.20% HDFC 2010 AAA 2.99
Cash Bank & Others 25.10
Net Assets 100.00
ASSET ALLOCATION % to NAV
AAA Cash, Bank & Others Corporate Bonds 74.90
Cash Bank & Others 25.10
Net Assets 100.00

RATING % to NAV
AAA 74.90
ASSET ALLOCATION Cash, Bank & Others 25.10
Total 100.00

74.90%
MATURITY PROFILE
100.00%

80.00%

60.00%

40.00%
25.10%
20.00%

Corporate Bonds Cash, Bank & Others 0.00%

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

39
 Future Select
Equity Fund
Investment Report January, 2010

Investment Objective: The primary investment objective of the fund is to provide income distribution over a period of medium to long
term while at all times emphasizing the importance of capital appreciation. The fund will invest significant amount in equity and equity
linked instruments specifically excluding companies predominantly dealing in Gambling, Lotteries/Contests, Animal Produce, Liquor,
Tobacco, Entertainment (Films, TV etc) Hotels, Banks and Financial Institutions.

NAV Calculation: Daily

Tax Benefits: Tax benefits on the premiums paid u/s 80 C and tax exemptions on death benefits under u/s 10 (10 D). Upto one-third of
the accumulated value can be commuted as tax-free lumpsum on your retirement day.
Fund Manager: Mr. Saravana Kumar

PERFORMANCE - FUTURE SELECT EQUITY FUND

(NAV [in Rs.] & S & P India 500 Shariah Index as on 29-Jan-10 is 14.9610 and 1198.63 respectively)
PERIOD DATE NAV S & P India 500 Shariah Index NAV Change INDEX Change
Last 1 Month 31-Dec-09 15.5780 1269.50 -3.96% -5.58%
Last 3 Months 30-Oct-09 14.2640 1132.92 4.89% 5.80%
Last 6 Months 31-Jul-09 13.7350 1104.92 8.93% 8.48%
Last 1 Year 30-Jan-09 9.9460 648.91 50.42% 84.71%
Since Inception 6-Oct-08 10.0000 844.46 35.84% 30.52%
Note: The investment income and prices may go down as well as up. “Since Inception” period returns are calculated as per CAGR.
SECTOR STRATEGY PORTFOLIO
Sector % to NAV Instrument Industry % of NAV
Computer Software 13.63 Equity 88.69
Drug Formulations 9.64 Reliance Industries Ltd Refinery 9.10
Refinery 9.10 Infosys Technologies Ltd Computer Software 6.28
Industrial Contracts & Turnkey Projects 6.31 Bharat Heavy Electricals Ltd Prime Movers 5.23
Prime Movers 5.23 Larsen And Toubro Ltd Industrial Contracts & Turnkey Projects 5.16
Petroleum Oil 3.58 Oil & Natural Gas Corp Ltd Petroleum Oil 3.58
Thermal Electricity 3.11 Cadila Healthcare Ltd Drug formulations 3.11
Motorcycles 3.03 NTPC Ltd Thermal Electricity 3.11
Drugs & Pharmaceuticals 2.84 Mphasis Ltd Computer software 2.95
Cosmetics/Soaps/Toiletries/Detergents 2.81 Lupin Ltd Drugs & Pharmaceuticals 2.84
Motors & Generators 2.67 Crompton Greaves Ltd Motors & Generators 2.67
Cellular Mobile Phone Service 2.67 Bharti Airtel Ltd Cellular Mobile Phone Service 2.67
Finished Steel 2.33 Patni Computer Systems Ltd Computer Software 2.52
Storage Batteries 2.02 Glaxosmithkline Consumer Healthcare Ltd Drug Formulations 2.40
Cement 2.02 Steel Authority Of India Ltd Finished Steel 2.33
Passenger Cars & Multi Utility Vehicles 2.02 Hindustan Unilever Ltd Cosmetics/Soaps/Toiletries/Detergents 2.11
LPG Storage And Distribution 2.00 Exide Industries Ltd Storage Batteries 2.02
Lube oils & lubricants 1.97 Ultratech Cement Ltd Cement 2.02
Paints & Varnishes 1.88 Maruti Suzuki India Ltd Passenger Cars & Multi Utility Vehicles 2.02
Transport Services Support Systems 1.77 Gail India Ltd LPG Storage And Distribution 2.00
Switchgears 1.76 Castrol India Ltd Lube oils & lubricants 1.97
Manufacture Of Pharmaceuticals, Medicinal Chemical 1.62 Bajaj Auto Ltd - New Shs Motorcycles 1.90
Switching Apparatus 1.40 Asian Paints (India) Ltd Paints & Varnishes 1.88
Pesticides & Pesticide Intermediates, Nec 1.13 Wipro Ltd Computer Software 1.88
Preparation For Oral Or Dental Hygiene 0.74 Cipla Ltd Drug Formulations 1.84
Steam Boilers 0.71 Container Corp Of India Ltd Transport Services Support Systems 1.77
Electronics 0.56 ABB Ltd Switchgears 1.76
Edible Oils 0.13 Glenmark Pharmaceuticals Ltd Drug Formulations 1.76
Cash Bank & Others( Non Interest Bearing Securities) 11.31 Dr Reddys Laboratories Ltd Manufacture Of Pharmaceuticals, Medicinal Chemical 1.62
Total 100.00 Siemens India Ltd Switching Apparatus 1.40
Alstom Projects India Ltd Industrial Contracts & Turnkey Projects 1.15
Hero Honda Motors Ltd Motorcycles 1.13
United Phosphorus Ltd Pesticides & Pesticide Intermediates, Nec 1.13
SECTOR-WISE BREAK-UP Colgate-Palmolive (India) Ltd Preparation For Oral Or Dental Hygiene 0.74
Computer Software
Refinery
Thermax Limited Steam Boilers 0.71
6.31%
5.23%
Prime Movers
Thermal Electricity
Dabur India Ltd Cosmetics/Soaps/Toiletries/Detergents 0.70
9.64% 9.10% Drugs & Pharmaceuticals
3.58% Motors & Generators
Finished Steel
Bharat Electronics Ltd Electronics 0.56
3.11%
13.63%
3.03%
Cement
LPG Storage And Distribution
Paints & Varnishes
Sun Pharmaceutical Industries Ltd Drug Formulations 0.53
11.31%

0.13%
2.84%
Switchgears
Switching Apparatus Marico Ltd Edible Oils 0.13
Preparation For Oral Or Dental Hygiene

0.56%
2.81%
2.67%
Electronics
Cash Bank & Others( Non Interest Bearing Securities)
Cash Bank & Others( Non Interest Bearing Securities) 11.31
0.71%
2.67% Drug Formulations
Industrial Contracts & Turnkey Projects
Petroleum Oil
Net Assets 100.00
0.74% 2.33% Motorcycles
Cosmetics/Soaps/Toiletries/Detergents

ASSET ALLOCATION
1.13% 2.02% Cellular Mobile Phone Service
Storage Batteries
1.40% 1.62% 2.02% 2.02% Passenger Cars & Multi Utility Vehicles
1.97% 2.00% Lube oils & lubricants
1.76% Transport Services Support Systems
1.88% Manufacture Of Pharmaceuticals, Medicinal Chemical
1.77% Pesticides & Pesticide Intermediates, Nec
Steam Boilers
Edible Oils

ASSET ALLOCATION % to NAV 11.31%

Equity 88.69
88.69%
Cash, Bank & Others (Non Interest Bearing Securities) 11.31 Equity Cash Bank & Others( Non Interest Bearing Securities)
Net Assets 100.00 40
 Disclaimer

Investment Report January, 2010

Disclaimer:

1. The fund is managed by Tata AIG Life Insurance Company Ltd. (hereinafter the "Company").

2. Past performance is not indicative of future results. Returns are calculated on an absolute basis for a period of less than
(or equal to) a year, with reinvestment of dividends (if any).

3. All investments made by the Company are subject to market risks. The Company does not guarantee any assured returns.
The investment income and price may go down as well as up depending on several factors influencing the market.

4. Every effort is made to ensure that all information contained in this publication is accurate at the date of publication, but no
responsibility or liability in respect of any error or omission is accepted by the Company.

5. Tax benefits are as per the Income Tax Act, 1961 and are subject to amendments made therein from time to time.

6. This material belongs to Tata AIG Life Insurance Company Ltd. Any unauthorised use, reprint or circulation is prohibited.

7. Please know the associated risks and the applicable charges from your Insurance agent or the intermediary or policy document
of the insurer.

8. Various funds offered under this contract are the names of funds and do not, in any way, indicate the quality of the plans, their
future prospects & returns.

9. Premium paid in ULIPs are subject to Investment risks associated with capital markets & the NAV of the units may go up or
down based on the performance of the fund and factors influencing capital markets & the insured is responsible for
his/her decision.

10. ULIP products are different from traditional Life Insurance products and are subject to risk factors.

11. Tata AIG Life Insurance Company Limited is only the name of insurance company and i. Life Balance, ii. Life Growth,
iii. Life Liquid, iv. Life Income, v. Life Equity, vi. Life Aggressive Growth, vii. Life Stable Growth, viii. Life Short-term Fixed
Income, ix. Life Growth Maximiser, x. Life Large Cap Equity, xi. Life Growth Enabler, xii. Life Capital Guarantee, xiii. Life Select
Equity, xiv. 110% Capital Guarantee, xv. Tata AIG Top 50, xvi. Tata AIG Top 200, xvii. Tata AIG Aggressive Flexi,
xviii. Tata AIG Stable Flexi, xix. Tata AIG Bond, xx. Tata AIG Apex Investment, xxi. Tata AIG Apex Return Lock-In Fund,
xxii. Whole Life Aggressive Growth, xxiii. Whole Life Income, xxiv. Whole Life Stable Growth, xxv. Whole Life Mid-cap Equity,
xxvi. Whole Life Short-term Fixed Income, xxvii. Future Equity Pension, xxviii. Future Capital Guarantee Pension, xxix. Future
Growth Pension, xxx. Future Balanced Pension, xxxi. Future Income Pension, xxxii. Future Select Equity, are only the names of
the Funds and does not in any way indicate the quality of the contracts, its future prospects or returns.
Unique Reference Number: L&C/Advt/2010/Feb/1096

Tata AIG Life Insurance Company Ltd. (Tata AIG Life) (Regn. No. 110)
Registered and Corporate Office: Peninsula Towers, 6th Floor, Peninsula Corporate Park,
Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013.
Visit us at www.tata-aig-life.com or call toll-free on 1800-11-9966.
Insurance is the subject matter of the solicitation