Connect for the Month of February 2009 - Birla Sun Life Mutual Fund

F e b r u a r y 2 0 0 9 

Star Fund 

House of 

the Year- Debt 

Awarded by ICRA 

Past performance is no guarantee of future results. 

For Mutual Fund House of the Year: 4 fund houses were eligible out of a universe of 26. Period: 4 quarterly CPRs in 2007. 

For ICRA Award: 24 fund houses were eligible 

For award methodology & further details of refer page 2 

Toll Free: 1-800-22-7000 (MTNL / BSNL) / 1-800-270-7000 | Non Toll Free: 022-6691 7777 | Website: www.birlasunlife.com 

sms ‘GAIN’ to 56767 | E-mail: connect@birlasunlife.com

Star Fund 

House of 

the Year - Debt 

Awarded by ICRA 

Birla Sun Life Dynamic Bond Fund 

Open Ended Debt - Short Term (17 Schemes), 1 year ended 31-Dec-08 

Birla Sun Life Gilt Plus 

- Regular Plan 

Open Ended Gilt (22 Schemes), 3 years ended 31-Dec-08 

Birla Sun Life Frontline 

Equity Fund 

Open Ended Diversified Equity Defensive (62 & 55 Schemes), 

1 & 3 years ended 31-Dec-08 resp. 

Birla Sun Life Dividend 

Yield Plus 

Open Ended Diversified Equity - Aggressive (51 Schemes), 

1 year ended 31-Dec-08 

Birla Sun Life MNC Fund 

Open Ended Diversified Equity - Aggressive (51 Schemes), 


Birla Sun Life Liquid Plus 

- Institutional Plan 

Open Ended Liquid Plus - Institutional Plan(34 Schemes), 


Birla Sun Life Income Plus 

Open Ended Debt - Long Term (21 Schemes), 

3 years ended 31-Dec-08 

Past Performance is no guarantee of future results. 

Award Methodology & Disclaimers: 

ICRA Mutual Fund Awards 2009: Birla Sun Life Mutual Fund – “Star Fund House of the Year – Debt”: Birla Sun Life Mutual Fund won Star Fund House of the 

Year by ICRA Mutual Fund Awards 2009 in the Debt Category. In total 24 fund houses were eligible for the award. To qualify for the award a fund house needs to have 

atleast one ranked scheme in each of the four debt categories defined by ICRA. The scoring considered the asset under management and assessed the number of 

superior performing schemes managed by the fund house over the one-year period ended 31 Dec 2008. Birla Sun Life Dynamic Bond Fund – 7-Star Fund in ‘Open 

Ended Debt - Short Term’ schemes category – 17 Schemes – 1 year performance ended 31 Dec 2008. Birla Sun Life Dividend Yield Plus – 5-Star Fund in ‘Open 

Ended Diversified Equity - Aggressive’ schemes Category – 51 Schemes – 1 year performance ended 31 Dec 2008. Birla Sun Life MNC Fund – 5-Star Fund in ‘Open 

Ended Diversified Equity - Aggressive’ schemes Category – 51 Schemes – 1 year performance ended 31 Dec 2008. Birla Sun Life Frontline Equity Fund - 5-Star 

Fund in the category of ‘Open Ended Diversified Equity - Defensive’ schemes Category – 51 Schemes – 1 year performance ended 31 Dec 2008. Birla Sun Life 

Frontline Equity Fund – Two 5-Star Fund Rankings both in ‘Open Ended Diversified Equity - Defensive’ schemes Category – 51 and 55 Schemes – 1 and 3 year 

performance ended 31 Dec 2008 respectively. Birla Sun Life Liquid Plus - Institutional Plan - 5-Star Fund in the category of ‘Open Ended Liquid Plus - Institutional 

Plan’ schemes Category – 34 Schemes – 1 year performance ended 31 Dec 2008. Birla Sun Life Income Plus - 5-Star Fund in the category of ‘Open Ended Debt – 

Long Term schemes Category – 21 Schemes – 3 year performance ended 31 Dec 2008. Birla Sun Life Gilt Plus-Regular Plan - 5-Star Fund in the category of ‘Open 

Ended Gilt’ schemes Category – 21 Schemes – 3 year performance ended 31 Dec 2008. The rank for the schemes is an outcome of an objective and comparative 

analysis against various parameters, including: risk adjusted return, fund size, company concentration, portfolio turnover and liquidity. 7-Star Fund Rank indicates - 

Best Performance amongst the 5-Star Funds. 5-Star Fund Rank indicates - Best performance (Top 10% of the category). Entry/Exit Loads not considered. Past 

Performance is no guarantee of future results. Ranking Source & Publisher: ICRA Online Limited 

CNBC TV18 Crisil Mutual Fund House of the Year Award Methodology: Birla Sun Life Mutual Fund, Category - Mutual Fund House of the Year, out of 26 Fund 

houses. Fund Houses winning at least two awards for their schemes in the category level awards for 2007 were considered for the award based on consistency of fund 

house's performance across various scheme categories in the four quarterly CRISIL CPR rankings released during the calendar year 2007. The individual CRISIL CPR 

ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses. Detailed methodology available at www.crisil.com.

F e b r u a r y 2 0 0 9 

Market Outlook 

Equity Market 

Indian equity markets started the year positive on the central government's second fiscal 

stimulus package. The RBI also chipped in through monetary stimulus that helped the 

market earlier in the month. However, the effect was nullified by the shock the markets 

received from the Satyam scam after the initial euphoria. The absence of another round of 

rate cuts in the RBI policy review also did not help the already damp sentiment. BSE 

Sensex ended with a loss of 223.07 points or 2.31% to end the month at 9424. The sectors 

that were hit the most included Real Estate that melted 26.65% followed by Bankex, which 

fell 10.17%. Among the gainers, Oil & Gas was up 3.35% and Auto was up 2.27%, 

supported by the cut in the motor fuel prices that raised anticipation of higher demand. 

Power stocks gained after the Central Electricity Regulatory Commission (CERC) upped 

return on equity on power companies to 15.5% from the existing 14% - applicable on 

projects from 2009 to 2014. 

The Satyam financial fraud bodes ill for liquidity and specifically for sentiment. Focused 

investors are likely to scrutinize corporate governance, disclosures, composition of 

boards; use of cash proceeds etc. & stay invested or switch into perceived high quality 

companies. 

We believe that the long term consumption/ urbanization theme as India is less dependent 

on global growth than other Asian economies. Though, some impact on domestic 

consumption is inevitable, India is in much better shape with high forex reserves and much 

lower consumer gearing. It is important to acknowledge that business cycles and asset 

markets tend to overshoot and undershoot, and some of the recent slowdown in economic 

activity, which only a short time ago seemed highly improbable – now might have a chance 

of transpiring. However, going forward we are keenly watching certain key developments 

which are likely to impact course of markets. 

On global front, confidence was further shaken when Chinese exports, after growing by 

more than 20 percent a year over the last few years and being seen as a key growth 

engine, reported collapse in growth. It is believed that the Chinese the economy is highly 

dependent on exports, where tens of millions of workers are employed. The millions of new 

migrant workers that flock to export factories every year have been driving the urban 

housing boom. Now with the export engine down, the scale of job losses from Chinese 

manufacturing sector would be unprecedented, causing social unrest. 

Global developments provide clear feedback to markets in terms of financial flows both into 

secondary market and capital financing (in primary debt and equity markets), in turn 

impacting underlying economic activity. It would also be crucial to monitor how the current 

risk aversion trade reverses. In this context corporate bond spreads are vital. A sustained 

rally in equity markets is more likely to be led by falling corporate bond spreads than better 

economic data in the short-term. Recently, the Fed's action in the commercial paper market 

has dramatically reduced yields and spreads in that market in recent months. More 

recently, the BoJ and BoE have also hinted that they may be willing to consider buying 

corporate debt which is likely to ultimately start to bring down spreads. 

On domestic front, upcoming general election could sway the markets either way. The 

uncertainty and possibility of a large coalition government at the centre would create 

ambiguity over future policy actions and hence business sentiments. 

Corporate earnings scorecard for the December quarter was uninspiring on overall basis. 

The BSE500 members that reported results (total 322), non-banking companies registered 

a decline of 37% yoy while banks showed a 24% yoy increase for Banks in Net Profit. 

Overall sales growth stood at 4% yoy while EBITDA declined 20% yoy signaling a margin 

compression. On sectoral basis, Banks, Telecom and IT were the only positive surprises 

while on the flipside Capital Goods, Construction, Commodities and Real Estate showed 

poor numbers. As the current financial year comes to a close, after the fourth quarter, there 

is a risk of further downgrades to consensus earnings expectations for the coming fiscal. 

Although, while, much of the negatives are already in the current stock prices, in an 

economic environment like the current one, sentiments may overrule the underlying 

fundamentals. Then again, precisely such scenarios yield attractive opportunities. 

Our assessment of the opportunity present for the Indian economy remains unchanged. If 

and when right policy levers are used, it would not be difficult to match the potential either. 

In the short term, though, the markets may behave in unpredictable ways as various 

participants weigh their tactical moves. As a strategy, we consider it prudent to gradually 

invest incrementally into equities through 2009 with a 3 to 5 years investment horizon. 

Corporate performance is likely to look up from the later part of the fiscal 2009-10 and the 

equity markets should bottom out some time before that. 

Debt Market 

Bond market 

The 10-year yield rose to as high as 6.18% during the month after making a historical intraday 

low of 4.86% at the start of the month. The 10 year yield on AAA corporate paper 

moved from 8% to a high of 9.15% during the month making it one of the most volatile 

month. Money market yields maintained a downward trend on back of easy liquidity with 1 

year CDs coming down from a high of 8.50% to making a low of 6.90%. 

Macro factors overall supported the debt market but bonds appeared to have hit a ceiling 

on concerns of overwhelming supply. Government is expected to come up with an 

additional borrowing requirement for FY09 which will flood the market and thus an upward 

pressure on the yields. The government on January 6th raised the borrowing target for the 

fourth quarter to garner funds for meeting rising expenses. 

Exports dropped 1.1% yoy in December, a third consecutive drop as the global slowdown 

dampens demand. The trade deficit narrowed in December due to a sharp drop in the cost 

of oil imports. The industrial output rose 2.4% in November y-o-y, rebounding from the 

previous month's revised decline of 0.3%. Fiscal deficit during April-December stood at 

2.18 trillion rupees, ($44.5 billion) or 163.8% of the annual target. The government has 

borrowed INR 2.15 Tr as against budgeted INR 1.45 Tr. 

Yields on government securities across the globe came off from the lows reached during 

December despite macro factors being in support of the debt market. European bonds 

faced selling pressure with several European countries facing sovereign rating 

downgrades. Central banks still continue on rate cutting spree with BoE bringing down its 

policy rate to historical low. ECB, Australia, Bank of Korea and Taiwan also cut their policy 

rates. Fed maintained the target rate near zero and in addition announced the extension of 

swap lines with various central banks across the globe and continuation of existing liquidity 

facilities in domestic markets. IMF has cut down the global growth forecast to 0.5% from 

2.2%, the lowest ever since World War-II. The outlook remains bleak for the current year. 

On January 2, the RBI had cut the LAF rates by 100 bps and eased CRR by 50 bps, 

releasing Rs.20,000 crores into the system. Later in its Policy review meeting, Reserve 

Bank of India kept all its policy rates unchanged. Though, policy stance remains 

considerably dovish and paves way for further monetary easing as and when required. 

RBI's stance on growth and inflation matches the market consensus as they expect both 

the economic indicators to ease substantially. We expect RBI to ease further over next few 

months as economic news gets gloomier. RBI acknowledges that non-banking financial 

resources for banking system have dried up causing increased demand for credit from the 

banking system. This remains a key reason for elevated bond spreads. We expect the 

credit growth to slow down considerably over next two quarters, easing pressure on 

banking system to industry's financing needs. 

We don't think that RBI is pausing in easing rates, and the current stance of 'hold' is only to 

accommodate the transmission of deep rate cuts RBI has orchestrated over last three 

months. Since RBI has extended the refinance window for MFs and NBFCs till September, 

it augurs well for further easing in the money market rates. 10-year Gsec is trading at 

5.80/85 and is likely to take fresh cues from IIP, GDP, export-import data and unscheduled 

auction announcements in the coming weeks. 

Bond yields are likely to be choppy in the near-term owing to the prevailing uncertainty over 

additional government borrowing. Macro factors support bonds but those aspects have 

been fully factored in and bonds remain bogged down by short-term uncertainties. The 

vote-on-account to be held on 16th February is much awaited for. Current scenario 

remains a tug-of-war between unprecedented monetary easing and huge bond supply 

causing the volatility. We expect the markets will remain volatile till the issue of additional 

borrowing is resolved. 

Our Investment Team (In alphabetical order) 

A. Balasubramanian Chief Investment Officer 

Achala Kanitkar Research Analyst - Equity 

Ajay Argal 

Co - Head Equity 

Ajay Garg 

Fund Manager - Equity 

Ankit Sancheti Fund Manager - Equity 

Atul Penkar 

Hemang Dagli 

Hina Sampat 

Lokesh Mallya 

Mahesh Patil 


Sr. Dealer - Equity & Deri. Specialist 

Executive - Knowledge Management 

Credit Analyst-Fixed Income 

Co - Head Equity 

Maneesh Dangi 

Paresh Khandelwal 

Prasad Dhonde 

Sanjay Chawla 

Co - Head Fixed Income 

Equity Analyst 

Fund Manager - Debt 


Satyabrata Mohanty 

Sujit Patki 

Sunaina da Cunha 

Vineet Maloo 

Co - Head Fixed Income 

Dealer-Equity 

Fund Manager - Debt 


03

F e b r u a r y 2 0 0 9 

Birla Sun Life Equity Fund 

As on January 30, 2009 

Investment Style Box 

Investment Style 

Value Blend Growth Size 

Fund Details 

Fund Manager : Mr. Mahesh Patil 

Managing Fund Since : October 01,2006 

Total Experience : 16 years 

Date of inception : August 27, 1998 

Nature of the scheme : An open - ended Growth Scheme 

Key Features 

Default option : Dividend Reinvestment 

Fresh Purchase : Rs. 5000/- 

Additional Purchase : Rs. 1000/- 

Redemption Cheques : Within 10 working days 

issued 

Systematic Investment : Available 

Plan (SIP) 

Systematic Withdrawal : Available 

Plan (SWP) 

Systematic Transfer : Available 

Plan (STP) 

Plans / Options & NAV 

Dividend : 40.01 

( Payout, Reinvestment & Sweep) 

Growth : 124.15 

Benchmark : BSE 200 

Average AUM : Rs. 720.02 Crores 

Load Structure (Incl for SIP) 

Entry Load* : < Rs. 5 crores - 2.25% 

Rs. 5 crores - Nil 

Exit Load** : < Rs. 5 crores - 1% if redeemed 

/ switched out within 12 months 


*For direct application: Entry Load is 

Nil. 

**Exit / Entry Load is NIL for units 

issued in Bonus & Dividend 

Reinvestment. 

Other Parameter 

Standard Deviation : 32.10% 

Sharpe Ratio ## 

: -0.23 

Beta : 0.93 

Annual Portfolio 

Turnover ratio : 4.33 

Large 

Mid 

Small 

Note: 

Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 

3 years history of monthly returns, source: MFI 

##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 30, 2009) 

Investment Objective 

An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 

10% debt and money market securities. 

% Returns 

Birla Sun Life Equity Fund - Growth BSE 200 

Investment Performance 

Systematic Investment Plan (SIP) 

Past performance may or may not be sustained in future. Returns are in % and 

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

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Equity Fund... 

Date of First Installment : October 01, 1998 

The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of 

returns. Past performance may or may not be sustained in future. 

*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) 

Issuer 

40 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

-51.11 

Investment Period 

1 Year 3 Years 

-50.36 

Total Investment 

(Rs.) 

% to Net 

Assets 

Banks 14.19 

HDFC Bank Ltd. 3.52 

State Bank of India 3.30 

ICICI Bank Ltd. 2.69 

Axis Bank Ltd. 2.38 

Indian Bank 1.42 

Kotak Mahindra Bank Ltd. 0.88 

Petroleum Products 9.26 

Reliance Industries Ltd. 7.45 

Indian Oil Corporation Ltd. 1.81 

Telecom-Services 8.15 

Bharti Airtel Ltd. 5.73 

Reliance Communications Ltd. 2.41 

Finance 5.44 

HDFC Ltd. 1.88 

Rural Electrification Corporation Ltd. 1.41 

United Breweries Holdings Ltd. 0.94 

IDFC Ltd. 0.69 

India Infoline Ltd. 0.52 

Consumer Non Durables 4.60 

ITC Ltd. 3.29 

United Spirits Ltd. 1.30 

Industrial Capital Goods 4.51 

Bharat Heavy Electricals Ltd. 1.62 

Crompton Greaves Ltd. 1.46 

-2.75 

Issuer 

Value (Rs.) of SIP in Returns (%)* 

BSE 200 Birla Sun Life BSE 200 


Since Inception 124000 229881 396430 11.46 21.22 

Last 5 years 60000 56707 65448 -2.22 3.43 

Last 3 years 36000 24640 25134 -23.12 -21.98 

Last 1 year 12000 8210 8318 -52.64 -51.32 

Portfolio & Asset Allocation 

% to Net 

Assets 

Thermax Ltd. 0.84 

Bharat Bijlee Ltd. 0.59 

Power 4.43 

Tata Power Company Ltd. 1.82 

CESC Ltd. 1.60 

KEC International Ltd. 1.01 

Oil 3.86 

Oil & Natural Gas Corporation Ltd. 3.86 

Software 3.44 

Infosys Technologies Ltd. 3.05 

Megasoft Ltd. 0.39 

Pharmaceuticals 3.06 

Dr. Reddy's Laboratories Ltd. 2.06 

Sun Pharmaceutical Industries Ltd. 0.97 

Maestro Mediline Systems Ltd. 0.03 

Construction Projects 1.61 

Larsen & Toubro Ltd. 1.61 

Non - Ferrous Metals 1.61 

Sterlite Industries (India) Ltd. 1.61 

Retailing 1.39 

Pantaloon Retail (India) Ltd. 1.25 

Pantaloon Retail -Bonus- Class B Shares Ser 1 ** 0.14 

Issuer 

** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 0.14%. 

-4.00 

17.47 

8.64 

27.30 

13.16 

5 Years Since Inception 

Birla Sun Life 


% to Net 

Assets 

Media & Entertainment 1.17 

Balaji Telefilms Ltd. 0.64 

Jagran Prakashan Ltd. 0.53 

Magnasound India Ltd.** 0.00 

Cement 0.74 

Century Textile & Industries Ltd. 0.74 

Diversified 0.65 

Hindustan Unilever Ltd. 0.65 

Construction 0.44 

IVRCL Infrastructures & Projects Ltd. 0.44 

Future and Options 12.53 

CNX Nifty Fut Feb 2009 8.32 

State Bank Of India Fut Feb09 0.91 

Reliance Infrastructure Ltd. Fut Feb09 1.29 

Larsen & Toubro Ltd. Fut Feb09 1.01 

Reliance Communications Ltd. Fut Feb09 1.00 

Auto 0.16 

Maruti Suzuki India Ltd. 0.16 

Cash & Cash Equivalents 25.80 

Net receivables / payables -7.04 

Total Net Asset 100.00 

Value Research Rating# 


Equity Diversified (131 Schemes), for 3 & 5 Years periods ending 31-Jan-09 

CRISIL~CPR 2^^ 


Consistent CPR Performer - Equity ( 29 Schemes), 5 Yrs ended 31-Dec-08 

04 

(Past performance is no guarantee of future results.) for ranking methodology please refer page 47

F e b r u a r y 2 0 0 9 

Birla Sun Life Midcap Fund 






Large 

Mid 

Small 

Fund Manager : Mr. A. Balasubramaniam & 

Mr. Sanjay Chawla 

Managing Fund Since : September 12,2007 

Total Experience : 18 years / 13 Years 

Date of inception : October 03, 2002 


Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 




Growth : 43.75 

Benchmark : CNX Midcap 









Nil. 



Reinvestment. 




: -0.28 

Beta : 0.86 



Note: 




An open-ended growth scheme with the objective to achieve long-term growth of capital at controlled level of risk by primarily investing in 

midcap stocks. 

% Returns 

Issuer 

40 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

-54.10 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Midcap Fund... 



-54.06 

Birla Sun Life Midcap Fund - Growth 


(Rs.) 

% to Net 

Assets 


Marico Ltd. 4.77 

ITC Ltd. 4.63 

Balrampur Chini Mills Ltd. 2.40 

Colgate-Palmolive (India) Ltd. 2.07 

Shaw Wallace Company Ltd. 1.94 

Asian Paints (India) Ltd. 0.48 

Banks 13.45 

Union Bank of India 4.56 

Bank of India 3.13 



Bank of Baroda 1.21 

Indian Overseas Bank 0.94 


Hindustan Petroleum Corporation Ltd. 3.53 

Bharat Petroleum Corporation Ltd. 3.03 

Castrol (India) Ltd. 1.02 

Power 5.67 


Jyoti Structures Ltd. 2.16 


GVK Power & Infrastructure Ltd. 0.29 



Simplex Infrastructures Ltd. 1.63 

Unitech Ltd. 0.24 

-4.71 

Issuer 



-7.98 

CNX Midcap 


CNX Midcap 



Midcap Fund 

Date of First Installment : November 01, 2002 





% to Net 

Assets 

Fertilisers 4.15 

Tata Chemicals Ltd. 4.15 





Bharati Shipyard Ltd. 0.62 

AIA Engineering Ltd. 0.53 


Lupin Ltd. 3.79 

Glenmark Pharmaceuticals Ltd. 0.12 

Divis Laboratories Ltd. 0.05 

Chemicals 3.47 

Solar Explosives Ltd. 3.47 

Industrial Products 2.75 

Sintex Industries Ltd. 2.75 

Minerals/Mining 2.08 

Nava Bharat Ventures Ltd. 2.08 

Auto Ancillaries 2.05 

Exide Industries Ltd. 1.59 

Apollo Tyres Ltd. 0.46 

Ferrous Metals 1.67 

Monnet Ispat Ltd. 1.67 

Finance 1.53 




Issuer 

CNX Midcap 


Midcap Fund 


Last 5 years 60000 53378 61088 -4.58 0.71 

Last 3 years 36000 23319 24381 -26.24 -23.73 

Last 1 year 12000 7839 8069 -57.05 -54.33 

15.15 

8.39 

26.26 

23.53 


% to Net 

Assets 

Pesticides 1.45 

United Phosphorus Ltd. 1.45 

Transportation 1.21 

Great Eastern Shipping Company Ltd. 1.21 

Oil 1.05 

Aban Offshore Ltd. 1.05 


Sun TV Network Ltd. 1.02 


Tech Mahindra Ltd. 0.39 

Infotech Enterprises Ltd. 0.32 

Cement 0.45 

India Cements Ltd. 0.45 

Consumer Durables 0.36 

Havells India Ltd. 0.36 


Crompton Greaves Ltd. Fut Feb 2009 0.08 


Net receivables / payables 2.11 



Birla Sun Life Midcap Fund 

Equity Diversified (131 Schemes), for 3 & 5 Years periods ending 31-Jan-09 

(Past performance is no guarantee of future results.) for ranking methodology please refer page 47 

05

F e b r u a r y 2 0 0 9 

Birla Sun Life Frontline Equity Fund 






Large 

Mid 

Small 






Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 














Nil. 



Reinvestment. 




: -0.03 

Beta : 0.82 



Note: 




An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity by 

aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200. 

% Returns 

Issuer 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

-40.09 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Frontline Equity Fund... 


1 Year 

-50.36 


(Rs.) 

% to Net 

Assets 

Banks 12.26 






Oriental Bank of Commerce 0.69 










Tata Consultancy Services Ltd. 1.93 

Power 5.57 


Reliance Infrastructure Ltd. 1.54 


4.14 

Birla Sun Life Frontline Equity Fund - Growth BSE 200 






Issuer 





BSE 200 BSE 200 

Frontline Equity Fund 


% to Net 

Assets 


ITC Ltd. 2.94 


Nestle India Ltd. 1.16 

Oil 4.38 





Bharat Electronics Ltd. 1.23 


Finance 3.13 




Cipla Ltd. 1.07 







Issuer 


Frontline Equity Fund 


Last 5 years 60000 56707 72090 -2.22 7.28 

Last 3 years 36000 24640 29211 -23.12 -13.11 

Last 1 year 12000 8210 9139 -52.64 -40.96 

16.40 

3 Years 

-4.00 


8.64 

24.47 

18.22 

% to Net 

Assets 


Sterlite Industries India Ltd. 1.69 




Jet Airways (India) Ltd. 0.71 


Television Eighteen India Ltd. 0.47 



State Bank Of India Fut Feb 2009 1.95 

Reliance Comm Ltd. Fut Feb 2009 0.81 


Tata Steel Ltd. 0.12 






Equity: Diversified (131 Schemes), for 3 & 5 Years periods ending 31-Jan-09 



Diversified Equity Scheme (80 Schemes), 2 Yrs ended 31-Dec-08 

&& 

CNBC TV-18 CRISIL AWARD 2007 


Category: Large Cap oriented Equity Fund 

1 yr performance ended 31 Dec, ‘07 Total Schemes in Category = 22 

06 


@ 

5-Star Award by ICRA 


Open Ended Diversified Equity - Defensive (55 Schemes), 3 year ended 31-Dec-08 

@ 



Open Ended Diversified Equity - Defensive (62 Schemes), 1 year ended 31-Dec-08

F e b r u a r y 2 0 0 9 

Birla Sun Life Tax Relief ‘96 

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






Large 

Mid 

Small 

Fund Manager : Mr. Ajay Garg 



Date of inception : March 29, 1996 

Nature of the scheme : An Open - ended ELSS Scheme 

Key Features 

Default option : Dividend Payout 




issued 


Plan (SIP) 

Systematic Withdrawal : Not Available 

Plan (SWP) 

Systematic Transfer : Not Available 

Plan (STP) 



(Payout, Reinvestment & Sweep) 

Growth (w.e.f. 06/03/08) : 5.07 






Exit Load : Nil 


Nil. 




: -0.30 

Beta : 1.02 



Note: 




An open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target 

allocation of 80% equity, 20% debt and money market securities 

% Returns 

40 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

-70 

-58.13 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Tax Reiief ‘96... 



-50.36 


(Rs.) 

Issuer 

% to Net 

Assets 

Banks 15.60 




ING Vysya Bank Ltd. 2.29 



Finance 9.96 


ICRA Ltd. 3.53 





Honeywell Automation India Ltd. 2.22 



Siemens Ltd. 0.58 



Construction Project 5.39 


-6.03 



-4.00 

Birla Sun Life Tax Relief ‘96 - Dividend BSE 200 




BSE 200 BSE 200 

Tax Relief ‘96 

Date of First Installment : April 01, 1996 





Issuer 

% to Net 

Assets 

Power 4.47 






Bosch Ltd. 3.34 

MRF Ltd. 0.77 


Jindal Steel & Power Ltd. 2.37 


Auto 2.69 


Mahindra & Mahindra Ltd. 0.69 



Rallis India Ltd. 0.20 


Shaw Wallace & Company Ltd. 1.22 

Radico Khaitan Ltd. 1.16 



Returns assume reinvestment of the tax free dividend declared. 

Issuer 

Birla Sun Life Tax 

Relief ‘96 


Last 5 years 60000 56707 53383 -2.22 -4.58 

Last 3 years 36000 24640 23016 -23.12 -26.98 

Last 1 year 12000 8210 7931 -52.64 -55.97 

7.96 

28.17 

8.64 9.49 


% to Net 

Assets 




Hotels 2.09 

Asian Hotels Ltd. 1.27 

Taj GVK Hotels & Resorts Ltd. 0.81 


Cummins India Ltd. 1.93 





Magnasound India Ltd.** 0.00 

Trading 0.38 

Uniphos Enterprises Ltd. 0.38 




** Represents thinly traded/ non traded securities. Total percentage of thinly/non traded securities is 0%. 

Ranked 3rd among Top Performing Equity 

& 

Funds in the world by Lipper 

Birla Sun Life Tax Relief ‘96 

Equity Funds (6302 funds), 10 Yrs ended 31-Dec-07 


07

F e b r u a r y 2 0 0 9 

Birla Sun Life Infrastructure Fund 





Large 

Mid 


An open-ended growth scheme with the objective to providing for medium to long-term capital appreciation by investing predominantly in a 

diversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure 

in India. 


Small 

0 

1 Year Since Inception 



Managing Fund Since : Since inception 



Nature of the scheme : An open-ended growth scheme 

Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 




Growth : 7.92 

Benchmark : S&P CNX NIFTY 





% Returns 

-10 

-20 

-30 

-40 

-50 

-60 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Infrastructure Fund... 


-54.25 

-44.04 

Birla Sun Life Infrastructure Fund - Growth 


(Rs.) 

S&P CNX Nifty 


S&P CNX NIFTY 



Infrastructure Fund 

S&P CNX NIFTY 


Infrastructure Fund 

Since Inception 34000 24476 22401 -21.23 -26.52 

Last 1 year 12000 8626 8205 -47.52 -52.70 





-7.79 

-5.77 







Nil. 



Reinvestment. 




: -1.49 

Beta : 0.92 



Note: 

Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The 

fund has completed 1 year but yet to complete 3 years since its inception so the ratio 

is calculated on the basis of historical 1 year returns, source: MFI 


Issuer 

% to Net 

Assets 

Power 12.11 


PTC India Ltd. 2.50 





LANCO Infratech Ltd. 0.77 

Kalpataru Power Transmission Ltd. 0.28 

Banks 10.61 





South Indian Bank Ltd. 0.80 








Issuer 


% to Net 

Assets 





Finance 4.99 



Power Finance Corporation Ltd. 0.68 

Oil 4.07 




Voltas Ltd. 0.46 


Nagarjuna Construction Company Ltd. 1.19 

ITD Cementation India Ltd. 0.55 

Madhucon Projects Ltd. 0.42 

Hindustan Sanitaryware & Industries Ltd. 0.27 

Gas 2.30 

Gujarat Gas Company Ltd. 2.30 

Issuer 

% to Net 

Assets 


Gateway Distriparks Ltd. 1.23 

Arshiya International Ltd. 0.40 


Finolex Cables Ltd. 0.65 

Kirloskar Oil Engines Ltd. 0.50 

Torrent Cables Ltd. 0.31 


Maharashtra Seamless Ltd. 0.96 

Hotels 0.52 



CNX Nifty Fut Feb 09 8.65 

State Bank of India Fut Feb 09 1.54 

Larsen & Toubro Ltd Fut Feb 09 1.13 




&& 


Emerging Equity Fund of the Year 

Birla Sun Life Infrastructure Fund-Growth 

1 yr performance ended 31 Dec, ‘07 Total Schemes in Category = 14 

08 


F e b r u a r y 2 0 0 9 

Birla Sun Life Basic Industries Fund 






Large 

Mid 

Small 

Fund Manager : Mr. Ankit Sancheti 

Managing Fund Since : November 30,2007 


Date of inception : January 15, 2000 


Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 














Nil. 



Reinvestment. 




: -0.31 

Beta : 0.97 



Note: 




A multi-sector open-ended growth scheme with the objective of long term growth capital, through a portfolio with a target allocation of 100% 

equity, focusing on investing in companies sensitive to economic cycles and commodity pricing cycles. The investments will be in companies 

which are often referred to as cyclical companies. 

% Returns 

Issuer 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Basic Industries Fund... 


-54.25 


-50.36 


(Rs.) 

% to Net 

Assets 




Apar Industries Ltd. 2.18 


Banks 11.14 






Power 9.93 

NTPC Ltd. 4.44 









Elecon Engineering Ltd. 0.44 


-5.93 


Date of First Installment : March 01, 2000 




Issuer 



-4.00 

Birla Sun Life Basic Industries Fund - Growth BSE 200 


Birla Sun Life Basic 

BSE 200 BSE 200 

Industries Fund 


% to Net 

Assets 



Mcleod Russel India Ltd. 1.06 




Jindal Saw Ltd. 0.58 

Finance 3.05 


Oil 2.77 




Carborundum Universal Ltd. 0.61 

TRF Ltd. 0.40 



Coromandel Fertilisers Ltd. 1.12 






Issuer 

Birla Sun Life Basic 

Industries Fund 


Last 5 years 60000 56707 57444 -2.22 -1.71 

Last 3 years 36000 24640 24477 -23.12 -23.50 

Last 1 year 12000 8210 8257 -52.64 -52.06 

10.44 

18.69 

8.64 6.24 


% to Net 

Assets 



Paper 1.43 

Ballarpur Industries Ltd. 1.43 


Hindustan Zinc Ltd. 1.25 



Gas 0.21 

Gujarat State Petronet Ltd. 0.21 








09

F e b r u a r y 2 0 0 9 

Birla Sun Life India GenNext Fund 






Large 

Mid 

Small 

Fund Manager : Mr. A.Balasubramaniam & 



Total Experience : 18 years / 13 years 



Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 














Nil. 



Reinvestment. 




: -0.27 

Beta : 0.80 


Turnover Ratio : 1.32 

Note: 





An open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies 

that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the 

young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek 

growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in 

manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand 

identity, thereby enabling choice. 

% Returns 

Issuer 

10 

0 

-10 

-20 

-30 

-40 

-50 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life India GenNext Fund... 


-42.05 


(Rs.) 

% to Net 

Assets 


ITC Ltd. 8.74 

Glaxosmithkline Consumer Healthcare Ltd. 7.34 



Shaw Wallace & Company Ltd. 1.95 

Banks 14.23 






Federal Bank Ltd. 1.17 



Issuer 



-44.04 

Birla Sun Life India GenNext Fund - Growth 

-2.66 

S&P CNX Nifty 



S&P CNX NIFTY 

Birla Sun Life India 

GenNext Fund 

Date of First Installment : September 01, 2005 





% to Net 

Assets 


Finance 8.54 




Glaxosmithkline Pharmaceuticals Ltd. 3.57 




Everonn Systems India Ltd. 2.46 

Core Projects & Technologies Ltd. 1.12 


Castrol (India) Ltd. 2.30 

S&P CNX NIFTY 

Issuer 


GenNext Fund 


Last 3 years 36000 26364 27739 -19.21 -16.21 

Last 1 year 12000 8626 9142 -47.52 -40.92 

-1.42 

5.06 

Since Inception 



5.62 

% to Net 

Assets 


Zee Entertainment Enterprises Ltd. 1.00 

Zee News Ltd. 0.57 




Pantaloon Retail - Bonus - Class B Shares Ser 1 ** 0.16 




Bajaj Electricals Ltd. 1.16 




** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 0.16% 

10

F e b r u a r y 2 0 0 9 

Birla Sun Life Advantage Fund 






Large 

Mid 

Small 

Fund Manager : Mr. A.Balasubramaniam 



Date of inception : February 24, 1995 


Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 





Benchmark : BSE SENSEX 









Nil. 



Reinvestment. 




: -0.41 

Beta : 0.98 



Note: 




An open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through a 

diversified research based investment approach. 

% Returns 

Issuer 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

-52.45 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Advantage Fund... 



-46.60 

Birla Sun Life Advantage Fund - Growth 


(Rs.) 

% to Net 

Assets 

Banks 13.44 













Idea Cellular Ltd. 1.57 






ITC Ltd. 2.94 





Issuer 



BSE Sensex 


BSE SENSEX 



Advantage Fund 






% to Net 

Assets 


Emco Ltd. 0.58 



Welspun Gujarat Stahl Rohren Ltd. 1.19 

JSW Steel Ltd. 0.47 

Cement 3.98 

India Cements Ltd. 1.71 

ACC Ltd. 1.15 

Century Textiles & Industries Ltd. 1.12 

Finance 3.87 


Power 2.81 








Dharti Dredging & Infrastructure Ltd.** 0.15 



BSE SENSEX 

Issuer 




Last 5 years 60000 61157 53630 0.75 -4.40 

Last 3 years 36000 25549 23083 -21.04 -26.81 

Last 1 year 12000 8478 8246 -49.36 -52.20 

**Represents thinly traded / non traded securities. Total percentage of thinly/non traded securities is 0.15%. 

-8.54 

-1.69 

9.01 

10.58 

17.19 


7.54 

% to Net 

Assets 




Aditya Birla Nuvo Ltd. 1.58 


Jet Airways India Ltd. 1.40 



Auto 1.16 

Tata Motors Ltd. 1.16 

Oil 0.92 




Future and Options -0.98 

Sterlite Industries Ltd. Fut Feb 2009 -0.54 

United Spirit Ltd. Fut Feb 2009 -0.45 




11

F e b r u a r y 2 0 0 9 

Birla Sun Life Tax Plan” 

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






Large 

Mid 

Small 

Fund Manager : Mr. Sanjay Chawla 




Nature of the scheme : An Open - ended ELSS Scheme 

Key Features 

Default option : Dividend Payout 




issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 



(Payout & Sweep) 

Growth : 7.05 

Benchmark : BSE SENSEX 





Exit Load** : Nil 


Nil. 



Reinvestment. 




: -0.36 

Beta : 0.94 



An open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief 

for investment. 

% Returns 

Issuer 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

-50.10 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Tax Plan... 



-46.60 


(Rs.) 

% to Net 

Assets 







Banks 10.35 



Punjab National Bank 1.81 

Federal Bank Ltd. 0.56 

-6.69 

Birla Sun Life Tax Plan - Dividend 

Issuer 



-1.69 

BSE Sensex 



BSE SENSEX 


Tax Plan 






% to Net 

Assets 




Dr. Reddys Laboratories Ltd. 2.04 






Mundra Port And Special Economic Zone Ltd. 2.62 

Issuer 

BSE SENSEX 


Tax Plan 


Last 5 years 60000 61157 57553 0.75 -1.64 

Last 3 years 36000 25549 23899 -21.04 -24.86 

Last 1 year 12000 8478 8451 -49.36 -49.70 

12.23 

20.49 

10.58 10.81 




Returns assume reinvestment of the tax free dividend declared. 

% to Net 

Assets 

GAIL (India) Ltd. 1.99 



Finance 1.74 




Gammon India Ltd. 0.49 

Cement 1.14 

ACC Ltd. 1.14 

Note: 








Power 6.03 




ITC Ltd. 5.09 





Goodyear India Ltd. 2.36 





Pantaloon Retail -Bonus - Class B Shares Ser 1 ** 0.19 






TRF Ltd. 0.73 



”Name of the scheme has been changed w.e.f 23/06/08. Erstwhile: Birla Equity Plan 

Oil 4.70 

Gas 1.99 

** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 0.19%. 


12

F e b r u a r y 2 0 0 9 

Birla Sun Life Index Fund 






Large 

Mid 

Small 




Date of inception : September 18, 2002 

Nature of the scheme : Open - ended Index Linked 

Growth 

Key Features 




Redemption Cheques : Within 10 Working days 

issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 








Entry Load : Nil 


/ switched out within 15 days 




Reinvestment. 




: -0.22 

Beta : 0.99 



Note: 




An open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to 

tracking errors. 

% Returns 

Issuer 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-45.02 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Index Fund... 



-44.04 


(Rs.) 

% to Net 

Assets 



Reliance Petroleum Ltd. 1.57 


Power 10.05 


Power Grid Corporation of India Ltd. 1.50 

Reliance Power Ltd. 1.03 







Tata Communications Ltd. 0.52 

Banks 6.90 





Oil 6.90 


Cairn India Ltd. 1.26 




Wipro Ltd. 1.36 

-2.21 

Birla Sun Life Index Fund - Growth 



-1.42 

S&P CNX Nifty 


S&P CNX NIFTY 



Index Fund 






Issuer 

% to Net 

Assets 

HCL Technologies Ltd. 0.31 



ABB Ltd. 0.41 

Suzlon Energy Ltd. 0.29 



ITC Ltd. 2.74 



Finance 2.20 


Reliance Capital Ltd. 0.45 

Auto 1.95 

Hero Honda Motors Ltd. 0.71 

Maruti Udyog Ltd. 0.66 

Mahindra & Mahindra Ltd. 0.31 



Steel Authority of India Ltd. 1.38 





Ranbaxy Laboratories Ltd. 0.33 



Issuer 

S&P CNX NIFTY 


Index Fund 


Last 5 years 60000 61217 59863 0.79 -0.09 

Last 3 years 36000 26364 26016 -19.21 -19.99 

Last 1 year 12000 8626 8605 -47.52 -47.78 

8.88 

9.69 

18.05 


18.83 

% to Net 

Assets 

Non-Ferrous Metals 1.64 


National Aluminium Company Ltd. 0.52 

Hindalco Industries Ltd. 0.34 




DLF Ltd. 1.22 


Cement 1.26 

Grasim Industries Ltd. 0.44 

Ambuja Cements Ltd. 0.43 

ACC Ltd. 0.38 

Gas 1.00 

GAIL (India) Ltd. 1.00 


Zee Entertainment Enterprises Ltd. 0.19 






13

F e b r u a r y 2 0 0 9 

Birla Sun Life New Millennium Fund 






Large 

Mid 

Small 

Fund Manager : Mr. Atul Penkar 





Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 




Growth : 9.41 

Benchmark : BSE Teck 









Nil. 



Reinvestment. 




: -0.55 

Beta : 0.94 



A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% 

equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, 

telecom, media, internet and e-commerce and other technology enabled companies. 

% Returns 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life New Millennium Fund... 


Issuer 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

-53.30 


-44.57 

Birla Sun Life New Millennium Fund - Growth 


(Rs.) 

% to Net 

Assets 





-11.79 






Issuer 



-9.59 

BSE Teck 

BSE Teck 


Birla Sun Life New 

Millennium Fund 


% to Net 

Assets 







Issuer 

BSE Teck 

Birla Sun Life New 

Millennium Fund 


Last 5 years 60000 49197 46700 -7.76 -9.79 

Last 3 years 36000 21525 20038 -30.67 -34.53 

Last 1 year 12000 7904 7521 -56.28 -60.69 

7.05 

8.32 

-0.67 


-5.64 

% to Net 

Assets 

Magnasound India Ltd. ** 0.00 

Hardware 5.08 

Allied Digital Services Ltd. 4.83 


HCL Infosystems Ltd. 0.25 

3i Infotech Ltd. 2.27 


Megasoft Ltd. 1.46 

Tech Mahindra Ltd. 1.34 



PVR Ltd. 2.18 

ETC Networks Ltd. 1.26 



Note: 




Subex Ltd. 0.97 TV Today Network Ltd. 1.09 

Core Projects and Technologies Ltd. 0.89 Balaji Telefilms Ltd. 0.58 



14

F e b r u a r y 2 0 0 9 

Birla Sun Life Top 100 Fund 






Large 

Mid 

Small 

Fund Manager : Mr. Ajay Argal 





Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 














Nil. 



Reinvestment. 




: -0.27 

Beta : 0.83 



Note: 




An open-ended growth scheme with the objective to provide medium to longterm capital appreciation, by investing predominantly in a 

diversified portfolio of equity and equity related securities of top 100 companies as measured by market capitalization. 

% Returns 

Issuer 

10 

0 

-10 

-20 

-30 

-40 

-50 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Top 100 Fund... 


-41.00 


(Rs.) 

% to Net 

Assets 












ITC Ltd. 5.25 


Banks 7.84 





Issuer 




-44.04 

Birla Sun Life Top 100 Fund - Growth 

-2.83 

S&P CNX Nifty 



S&P CNX NIFTY 

Birla Sun Life Top 

100 Fund 






% to Net 

Assets 

Oil 5.82 








Power 4.12 



Finance 3.59 








Issuer 

S&P CNX NIFTY 

Birla Sun Life Top 

100 Fund 


Last 3 years 36000 26364 26791 -19.21 -18.27 

Last 1 year 12000 8626 9171 -47.52 -40.54 

-1.42 

4.14 


6.10 

% to Net 

Assets 



Chambal Ferti & Chemicals Ltd. 0.48 








State Bank of India Fut Feb 2009 1.66 

Tata Steel Ltd. Call Opt. 180 Feb 2009 0.07 


Larsen & Toubro Fut Feb09 0.09 




15

F e b r u a r y 2 0 0 9 

Birla Sun Life Buy India Fund 






Large 

Mid 

Small 






Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 








Entry Load* (Except SIP) : < Rs. 5 crores - 2.25% 


Exit Load** (Except SIP) : < Rs. 5 crores - 1% if redeemed 




Nil. 



Reinvestment. 




: -0.40 

Beta : 0.78 



Note: 




A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% 

equity, focusing on investing in businesses that are driven by India's large population and inherent consumption patterns. The focus of the 

scheme will be in the consumer and healthcare sectors. 

% Returns 

Issuer 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

-41.81 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Buy India Fund... 



-50.36 


(Rs.) 

% to Net 

Assets 


E.I.D. Parry (India) Ltd. 3.72 

Tata Tea Ltd. 3.54 

Radico Khaitan Ltd. 3.53 



ITC Ltd. 2.62 




Aventis Pharma Ltd. 5.01 


Pfizer Ltd. 1.19 

Banks 12.24 





Finance 8.37 

-6.63 

Issuer 



-4.00 

Birla Sun Life Buy India Fund - Growth BSE 200 




BSE 200 BSE 200 

Buy India Fund 






% to Net 

Assets 






Auto 5.82 




Hotels 4.92 


Asian Hotels Ltd. 2.33 

Gas 4.85 

Indraprastha Gas Ltd. 4.85 


Issuer 

Birla Sun Life Buy 

India Fund 


Last 5 years 60000 56707 62128 -2.22 1.37 

Last 3 years 36000 24640 25546 -23.12 -21.04 

Last 1 year 12000 8210 9023 -52.64 -42.46 

17.20 

8.64 

6.98 



6.24 


% to Net 

Assets 




PVR Ltd. 1.93 


UTV Software Communications Ltd. 0.73 



Jet Airways India Ltd. 1.56 


Trent Ltd. - Warrants** 0.00 




** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 0%. 

16

F e b r u a r y 2 0 0 9 







Large 

Mid 

Small 

Fund Manager : Mr. A.Balasubramaniam 



Date of inception : December 27, 1999 


Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 





Benchmark : S & P CNX MNC 









Nil. 



Reinvestment. 




: -0.50 

Beta : 0.81 



An open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk 

by making investments in securities of multi-national companies through a research based investment approach. 

% Returns 

Issuer 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-38.13 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life MNC Fund... 



-30.40 


(Rs.) 

% to Net 

Assets 




Wyeth Ltd. 3.56 

Fulford (India) Ltd. 3.38 




ITC Ltd. 3.21 

Kansai Nerolac Paints Ltd. 1.97 

Finance 9.82 

CRISIL Ltd. 5.89 


-8.31 

Birla Sun Life MNC Fund - Growth 



-4.50 

S&P CNX MNC 



S & P CNX MNC 


MNC Fund 

Date of First Installment : January 01, 2000 





Issuer 

% to Net 

Assets 


ABB Ltd. 0.69 


Bosch Limited. 5.50 

WABCO-TVS (INDIA) Ltd. 0.90 

Federal-Mogul Goetze (India) Ltd. 0.72 

Sundaram-Clayton Ltd. 0.51 

Banks 6.31 


Yes Bank Ltd. 2.18 



9.20 7.87 

8.69 




Issuer 

S & P CNX MNC 


MNC Fund 


Last 5 years 60000 60946 55948 0.62 -2.75 

Last 3 years 36000 26912 25521 -18.00 -21.10 

Last 1 year 12000 9738 9270 -32.97 -39.24 

3.68 

% to Net 

Assets 


FAG Bearings India Ltd. 0.86 

Auto 3.39 




Oil 2.53 

Cairn India Ltd. 2.53 




Note: 





Areva T&D India Ltd. 3.18 


Alstom Projects India Ltd. 1.71 

Gas 5.38 

Gujarat Gas Company Ltd. 5.38 




@ 



Open Ended Diversified Equity - Aggressive (51 Schemes), 1 year ended 31-Dec-08 


17

F e b r u a r y 2 0 0 9 

Birla Sun Life India Opportunities Fund 





Large 

Mid 

Small 


An open-ended growth scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that do 

one or more of the following: Leverage India's intellectual capital for providing services, research and creative inputs; Seek to use current and 

impending changes in patent laws / import tariffs / quotas to supply goods and services; Leverage India's lower labour costs for providing 

services and manufactured goods; Leverage India's large population of English speaking people for providing services. 


20 


Fund Manager : Mr. Atul Penkar 

Managing Fund Since : September 12, 2007 


Date of inception : December 27, 1999 


Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 





Benchmark : S & P CNX 500 









Nil. 



Reinvestment. 




: -0.78 

Beta : 0.81 



Note: 




% Returns 

Issuer 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

-70 

-57.22 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life India Opportunities Fund... 



-49.21 

% to Net 

Assets 







Core Projects & Technologies Ltd 0.69 





AIA Engineering Ltd. 1.80 







Dishman Pharmaceuticals & Chemicals Ltd. 1.36 

-18.50 


(Rs.) 

Issuer 

-5.12 

Birla Sun Life India Opportunities Fund - Growth S&P CNX 500 



S & P CNX 500 


S & P CNX 500 

Opportunities Fund 

Date of First Installment : January 01, 2000 





% to Net 

Assets 



Voltas Ltd. 1.88 

Finance 2.86 

CRISIL Ltd. 2.86 

Power 2.86 








Hardware 1.89 

Allied Digital Services Ltd. 1.89 



Issuer 


Opportunities Fund 


Last 5 years 60000 56169 38657 -2.59 -17.08 

Last 3 years 36000 24621 18168 -23.17 -39.65 

Last 1 year 12000 8352 7286 -50.91 -63.32 

0.73 

8.63 6.89 

5 Years -0.70 Since Inception 

% to Net 

Assets 



Textile Products 0.89 

Raymond Ltd. 0.89 



Terai Tea Company Ltd** 0.04 


Victory Projects Ltd 0.29 







18

F e b r u a r y 2 0 0 9 

Birla Sun Life Dividend Yield Plus 






Large 

Mid 

Small 

Fund Manager: 

Mr. Ankit Sancheti 

Managing Fund Since : November 30,2007 




Key Features 

Default option : 

Dividend Reinvestment 




issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 





Benchmark : S & P CNX 500 









Nil. 


issuedin Bonus & Dividend 

Reinvestment. 




: -0.28 

Beta : 0.76 



Note: 




An open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of 

dividend paying companies that have a relatively high dividend yield. 

% Returns 

Issuer 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-60 

-30.97 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Dividend Yield Plus... 



-49.21 


(Rs.) 

% to Net 

Assets 






Banks 11.99 



Andhra Bank 2.31 

Corporation Bank 1.91 

Allahabad Bank 1.42 





Procter&Gamble Hygiene&Health Care Ltd. 1.67 

Berger Paints India Ltd. 1.40 

Kansai Nerolac Paints Ltd. 1.39 

Eveready Industries India Ltd. 0.59 


Godrej Consumer Products Ltd. 0.11 





Oil 5.62 

-3.30 

Issuer 



-5.12 

Birla Sun Life Dividend Yield Plus - Growth S & P CNX 500 




S & P CNX 500 S & P CNX 500 

Dividend Yield Plus 






% to Net 

Assets 




Rashtriya Chemicals & Fertilizers Ltd. 1.30 

DCM Shriram Consolidated Ltd. 0.26 

Paper 3.75 

Tamil Nadu Newsprint & Papers Ltd. 2.84 


Power 3.22 


Neyveli Lignite Corporation Ltd. 0.90 

Gujarat Industries Power Co. Ltd. 0.45 




Varun Shipping Company Ltd. 0.56 

Finance 2.80 

Rural Electrification Corporation Ltd 2.29 

Power Finance Corporation Ltd 0.50 

Gas 2.04 






Issuer 


Dividend Yield Plus 


Last 5 years 60000 56169 62874 -2.59 1.84 

Last 3 years 36000 24621 29937 -23.17 -11.61 

Last 1 year 12000 8352 10082 -50.91 -28.23 

11.32 

8.63 

24.01 


19.68 

% to Net 

Assets 


Cosmo Films Ltd. 1.32 

Kirloskar Brothers Ltd. 0.19 


Clariant Chemicals (India) Ltd. 1.47 


PSL Ltd. 0.52 

Tata Metaliks Ltd. 0.49 


Auto 0.85 



Goodyear India Ltd. 0.46 


Salora International Ltd. 0.24 




@ 


Birla Sun Life Dividend Yield Plus 

Open Ended Diversified Equity - Aggressive (51 Schemes), 1 year ended 31-Dec-08 


19

F e b r u a r y 2 0 0 9 


International Equity Fund - Plan A 






Large 

Mid 

Small 

Fund Manager : Mr. Mahesh Patil & 

Mr. Vineet Maloo 

Managing Fund Since : Since allotment 



Nature of the scheme : An Open - ended Diversified 

Equity Scheme 

Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 




Growth : 6.90 

Benchmark : S&P Global 1200 


An open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified 

portfolio of equity and equity related securities in the international markets. 

% Returns 

0 

-10 

-20 

-30 

-40 

-50 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life International Equity Fund - Plan A... 


-25.45 


(Rs.) 


S&P Global 

1200 




-29.14 

Birla Sun Life International Equity Fund Plan A - Growth S&P Global 1200 


Birla Sun Life International 

Equity Fund - Plan A 

S&P Global 

1200 


Equity Fund - Plan A 


Last 1 year 12000 8966 9360 -43.20 -38.05 

Date of First Installment : December 01, 2007 




-31.00 

-38.26 











Nil. 



Reinvestment. 




: -1.36 

Beta : 0.84 



Issuer 

% to Net 

Assets 

Foreign Equity 87.18 

Cheung Kong Infrastructure Holdings Ltd. 4.04 

Procter & Gamble Co 3.65 

Teva Pharmaceutical Industries Ltd. (ADR) 3.63 

Taiwan Semiconductor Manu Comp Ltd. (ADR) 3.42 

Nestle SA 3.26 

Coca Cola Company 3.02 

Reckitt Benckiser Group PLC. 2.82 

Issuer 

% to Net 

Assets 

Pride International Inc. 2.11 

China Construction Bank Corporation 2.10 

Noble Corporation 2.08 

Akzo Nobel NV 2.07 

Bumiputra - Commerce Holdings Berhad 2.06 

JP Morgan Chase & Co. 2.04 

Cooper Industries Ltd. 2.01 

Exxon Mobil Corp 1.99 

Issuer 

% to Net 

Assets 

Chubb Corporation 1.58 

DSV A/S 1.57 

Airgas Inc. 1.57 

AU Optronics Corporation 1.56 

Industrial and Comm Bank of China Asia Ltd. 1.50 

Renewable Energy Corporation AS 1.44 

China Oilfield Services Ltd. 1.39 

Wimm - Bill - Dann Foods OJSC (ADR) 0.85 

Roche Holdings AG 2.65 

Schneider Electric SA 1.98 

Vimpel-Communications (ADR) 0.63 

Public Bank Berhad 2.61 

Wharf Holdings Ltd. 1.95 

LG Electronics Inc. 0.13 

Bayer AG 2.60 

Oracle Corporation 1.92 

MTR Corporation Ltd. 2.54 

China Mobile Ltd. 1.89 


Statoilhydro ASA 2.43 

Microsoft Corporation 1.84 

Singapore Airlines Ltd. 2.40 

Wal-Mart Stores Inc. 1.80 


Northrop Grumman Corporation 2.38 

Unibanco - 1.72 

Note: 





Aetna Inc. 2.31 

Genting Berhad 1.66 


20

F e b r u a r y 2 0 0 9 


International Equity Fund - Plan B 





Large 

Mid 


An open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified 

portfolio of equity and equity related securities in the domestic and international markets. 


Small 

0 



Fund Manager : Mr. Mahesh Patil & 

Mr. Vineet Maloo 





Equity Scheme 

Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 




Growth : 5.24 

Benchmark : Customised Index† 


†A customized benchmark created using BSE 200 to the extent of 65% of portfolio 

and S&P Global 1200 to the extent of 35% of portfolio. 








Nil. 



Reinvestment. 




: -1.75 

Beta : 0.76 



Note: 





% Returns 

Issuer 

-10 

-20 

-30 

-40 

-50 

-60 

-44.12 

Birla Sun Life International Equity Fund Plan B - Growth 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life International Equity Fund - 

Plan B... 

Investment Period Total Investment 

(Rs.) 

% to Net 

Assets 

Foreign Equity 30.58 

Teva Pharmaceutical Industries Ltd. (ADR) 1.47 

Procter & Gamble Co 1.40 

Taiwan Semiconductor Manu Com Ltd. (ADR) 1.35 

Nestle SA 1.17 

Coca Cola Company 1.15 

Cheung Kong Infrastructure Holdings Ltd. 1.05 

Reckitt Benckiser Group PLC. 1.03 

Public Bank Berhad 1.00 

Roche Holdings AG 0.95 

Bayer AG 0.95 

MTR Corporation Ltd. 0.94 

Statoilhydro ASA 0.89 

Northrop Grumman Corporation 0.89 

Aetna Inc. 0.86 

Pride International Inc. 0.77 

Noble Corporation 0.76 

China Construction Bank Corporation 0.76 

Singapore Airlines Ltd. 0.76 

Akzo Nobel NV 0.75 

Bumiputra - Commerce Holdings Berhad 0.75 

JP Morgan Chase & Co. 0.74 

Cooper Industries Ltd. 0.73 

China Mobile Ltd. 0.73 

Wharf Holdings Ltd. 0.73 

Exxon Mobil Corp 0.72 

Oracle Corporation 0.70 

Microsoft Corporation 0.67 

Wal-Mart Stores Inc. 0.65 

Unibanco 0.64 

Genting Berhad 0.60 

Industrial and Comm Bank of China Asia Ltd. 0.56 

Renewable Energy Corporation AS 0.55 

Chubb Corporation 0.53 

Airgas Inc. 0.53 

AU Optronics Corporation 0.52 

China Oilfield Services Ltd. 0.52 

Wimm - Bill - Dann Foods OJSC (ADR) 0.31 

Vimpel-Communications (ADR) 0.23 

Harmony Gold Mining 0.21 

-42.71 


Customised 

Index† 

Issuer 

Customized Index+ 

Date of First Installment : December 01, 2007 



*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)†A customized benchmark created using 

BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio. 


% to Net 

Assets 

LG Electronics Inc. 0.05 

Banks 12.41 















ITC Ltd. 3.69 







Oil 4.67 






Finance 4.47 




+ A customized benchmark created using BSE 200 to the extent of 65% of 

portfolio and S&P Global 1200 to the extent of 35% of Portfolio. 





Equity Fund - Plan B 

Customised 

Index† 

Issuer 


Equity Fund - Plan B 


Last 1 year 12000 8543 8612 -48.55 -47.69 

-47.61 

-48.28 

% to Net 

Assets 

Power 4.39 






Cement 1.78 

Grasim Industries Ltd. 1.03 











Auto 0.57 



D.S. Kulkarni Developers Ltd. 0.20 

Future and Options -0.06 

Infosys Technologies Ltd. -0.06 




21

F e b r u a r y 2 0 0 9 


Special Situations Fund 





Large 

Mid 


An open-ended diversified equity scheme with an objective of the scheme is to generate long-term growth of capital by investing in a portfolio 

of equity and equity related securities. The Scheme would follow an investment strategy that would take advantage of Special Situations & 

Contrarian investment style. 


Small 

0 



Fund Manager : Mr. A.Balasubramaniam & 






Equity Scheme 

Key Features 

Default option : Reinvestment 



Redemption Cheques : Within 10 business days 

issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 




Growth : 5.15 



% Returns 

-10 

-20 

-30 

-40 

-50 

-60 

SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Special Situations Fund... 



(Rs.) 

-48.82 

Birla Sun Life Special Situations Fund - Growth BSE 200 



BSE 200 

Birla Sun Life Special 

BSE 200 

Situations Fund 

Birla Sun Life Special 

Situations Fund 






-51.17 










Nil. 



Reinvestment. 


Standard Deviation : N.A. 


: N.A. 

Beta : N.A. 



Issuer 

% to Net 

Assets 





Banks 12.25 







ITC Ltd. 5.60 










Lupin Ltd. 1.32 

Glenmark Pharmaceuticals Ltd. 0.49 

Issuer 


% to Net 

Assets 







Oil 2.51 


Power 2.16 






Gujarat Alkalies & Chemicals Ltd. 0.28 

Cement 1.62 

Ambuja Cements Ltd. 0.89 


ACC Ltd. 0.34 

Finance 1.56 


Issuer 

% to Net 

Assets 


Paper 1.14 


Auto 1.14 










Gas 0.67 

Gujarat Fluorochemicals Ltd. 0.67 


DLF Ltd. 0.58 



Oil & Natural Gas Corp Ltd. Fut Feb 2009 -1.25 



Note: 


fund has not yet completed one year since its inception so the ratios could not be 

calculated, source: MFI 





22

F e b r u a r y 2 0 0 9 

Birla Sun Life Long Term 






Large 

Mid 


A 5 years close ended scheme with automatic conversion to an open ended scheme upon maturity with the objective to provide longterm capital 

appreciation by investing predominantly in a diversified portfolio of equity and equity related securities. 


Small 

0 







Nature of the scheme : A 5 years close ended scheme 

Key Features 

Default option : NA 

Fresh Purchase : NA 

Additional Purchase : NA 

Redemption Cheques : NA 

issued 

Systematic Investment : NA 

Plan (SIP) 

Systematic Withdrawal : NA 

Plan (SWP) 

Systematic Transfer : NA 

Plan (STP) 



(Payout & Reinvestment) 

Growth : 6.56 

Benchmark : BSE Sensex 


Load Structure 

Entry Load : NA 


I n v e s t o r s o f f e r i n g u n i t s f o r 

repurchase before maturity of the 

scheme / conversion of scheme into 

open ended scheme will be charged 

balance proportionate unamortized 

issue expenses on the applicable 

NAV. 




: -1.53 

Beta : 0.83 


Turnover ratio : – 

% Returns 

-10 

-20 

-30 

-40 

-50 

-60 

Issuer 

-47.77 

% to Net 

Assets 




Engineers India Ltd. 1.83 

Gujarat Apollo Industries Ltd. 1.43 

Mcnally Bharat Engineering Company Ltd. 0.49 

Manugraph India Ltd. 0.24 




Subex Ltd. 0.54 




Banks 7.77 






Bosch Limited. 4.29 



ITC Ltd. 5.01 



-46.60 

Birla Sun Life Long Term Advantage Fund - Growth 

Issuer 

BSE Sensex 


% to Net 

Assets 





Oil 4.95 





Finance 3.61 

Housing Development Finance Corp. Ltd. 3.61 

Power 3.08 






Tata Steel Limited.(CCPS) 1.05 




PVR Ltd. 0.92 





Issuer 


-16.68 

-13.20 

% to Net 

Assets 



JMC Projects India Ltd. 0.38 




Chambal Fertilisers & Chemicals Ltd. 0.74 

Cement 0.40 

Madras Cements Ltd. 0.40 


Pantaloon Retail (India) Ltd.-Bonus - Class B 

Shares Series 1 ** 0.06 





Note: 





23

F e b r u a r y 2 0 0 9 

Birla Sun Life Long Term 

Advantage Fund Series - I 





Large 

Mid 

Small 


A Closed-end Small and Mid Cap Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an 

Open-ended scheme. It seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity related 

securities of companies considered to be small and mid cap. The Scheme may also invest a certain portion of its corpus in fixed income 

securities including money market instruments, in order to meet liquidity requirements from time to time. 



0 

-10 


Fund Manager : Mr. Ankit Sancheti 



Date of inception : May 31, 2007 

Nature of the scheme : A Closed-end Small and Mid 

Cap Equity Scheme 

% Returns 

-20 

-30 

-40 

-50 

-35.56 

-25.83 

Key Features 

Default option : N/A 




issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 




Growth : 4.80 






Investors offering units for 






NAV. 




: -1.64 

Beta : 0.80 


Turnover ratio : – 

Issuer 

-60 

-70 

-57.83 

% to Net 

Assets 

Banks 13.37 




South Indian Bank Ltd. 2.21 

City Union Bank Ltd. 1.58 

Bank of Maharashtra 0.62 



Radico Khaitan Ltd 2.01 


Eveready Industries India Ltd. 0.77 

Millennium Beer Industries Ltd.** 0.00 


Jain Irrigation Systems Ltd. 3.34 

Paper Products Ltd. 1.33 


Greaves Cotton Ltd. 0.76 


Nagarjuna Construction Co. Ltd. 1.54 

Gammon India Ltd. 1.47 

Hindustan Sanitaryware & Industries Ltd. 1.35 




Power 5.67 



-52.14 

Birla Sun Life Long Term Advantage Fund Series I - Growth BSE 500 

Issuer 

Portfolio Asset Allocation 

% to Net 

Assets 





Hindustan Dorr-Oliver Ltd. 0.83 






Wabco-Tvs (India) Ltd. 1.22 

Sundaram-Clayton Ltd. 0.65 



Finance 2.13 


McDowell Holdings Ltd. 0.21 



Aries Agro Ltd. 0.61 


Trent Ltd. 1.42 

Shoppers Stop Ltd. 0.19 

Auto 1.57 

** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 0%. 



Issuer 

% to Net 

Assets 

Eicher Motors Ltd. 1.57 





Paper 1.16 



Micro Inks Ltd. 1.15 

Hotels 0.98 



Geometric Ltd. 0.87 








Note: 





24

F e b r u a r y 2 0 0 9 

Birla Sun Life Pure Value Fund 





Large 

Mid 


A Closed-end Diversified Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an open 

ended scheme. It seeks to generate consistent long term capital appreciation by investing predominantly in equity and equity related securities 

by following value investing strategy. 


Small 

0 







Nature of the scheme : A Close-end Diversified Equity 

Scheme 

Key Features 

Default option : NA 




issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 




Growth : 7.27 






Investors offering units for 






NAV. 


Standard Deviation : N.A. 


: N.A. 

Beta : N.A. 



% Returns 

Issuer 

-10 

-20 

-30 

-40 

-50 

% to Net 

Assets 





Banks 11.07 








Andhra Bank 0.99 





Cadila Healthcare Ltd. 0.17 





Oil 6.11 


Great Offshore Ltd. 0.68 

Issuer 

-27.27 

Birla Sun Life Pure Value Fund - Growth BSE 200 

-43.46 


% to Net 

Assets 








Glaxosmithkline Cons. Healthcare India Ltd. 3.89 

Carnation Nutra Analogue Foods Ltd. 0.01 

Power 3.13 



Gas 2.58 



Hindustan Zinc Ltd. 2.17 


Apollo Tyres Ltd. 1.89 



Finolex Cables Ltd. 0.62 




Issuer 

% to Net 

Assets 


Paper 1.66 

Tamil Nadu Newsprint & Papers Ltd. 1.66 






The Great Eastern Shipping Company Ltd. 1.09 



Cement 0.71 

Kesoram Industries Ltd. 0.71 




Note: 


fund has not yet completed one year since its inception so the ratios could not be 

calculated, source: MFI 


25

F e b r u a r y 2 0 0 9 

Birla Sun Life '95 Fund 






Fund Manager : Mr. A. Balasubramaniam 

Managing Fund Since : November 30, 2007 



Nature of the scheme : An open-ended balanced scheme 

Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 




Growth : 152.78 

Benchmark : CRISIL Balanced Fund Index 








*For direct application: Entry Load is Nil. 

**Exit / Entry Load is NIL for units issued 

in Bonus & Dividend Reinvestment. 


Average Maturity : – 




Large 

Mid 

Small 

Note: 

Standard Deviation is calculated on annualised basis using 1 year history of monthly 

returns, source: MFI 

An open-ended balanced scheme with the objective of long term growth of capital and current income, through a portfolio of equity and fixed 

income securities 

% Returns 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

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

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



SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life '95 Fund... 

Investment 

Period 


1 Year 

-34.75 

-28.25 

3.13 

Total 

Investment 

(Rs.) 

CRISIL Balanced 

Fund Index 

Birla Sun Life '95 

Fund 



Birla Sun Life '95 

Fund 


Last 5 years 60000 64340 68501 2.76 5.24 

Last 3 years 36000 31187 30770 -9.10 -9.93 

Last 1 year 12000 9954 9942 -30.00 -30.71 





Issuer % to Net Rating 

Assets 

PSU/PFI Bonds/Banks 31.85 

Power Finance Corporation Ltd.** 12.81 AAA 

Indian Railway Finance Corporation Ltd** 7.85 AAA 

IDBI Bank Ltd.** 6.53 AA+ 

ICICI Bank Ltd.** 4.66 AAA 

Government Bond 10.64 

8.15 GOI FCI SB 2022 4.45 Sovereign 

8.24 CGL 2027 3.83 Sovereign 



ITC Ltd. 4.69 











Banks 3.91 



Allahabad Bank 0.96 


Trent Ltd. 3.24 




Gas 2.21 

Gujarat Gas Co. Ltd. 2.21 





2.09 

Birla Sun Life 95 Fund - Growth 

13.23 

8.49 

21.54 

3 Years 5 Years Since Inception 

Crisil Balanced Fund Index 

Equity 

AAA 

Sovereign 


AA 

Cash & Current Assets 

1.44% 

6.53% 

10.64% 

Rating Profile 

25.32% 



Assets 

Power 2.11 










Finance 1.40 

Infrastructure Development Finance Co. Ltd. 0.88 




Minerals/Mining 1.19 


Oil 1.03 




Bombay Burmah Trading Corporation Ltd. 0.30 

Auto 0.52 

Bajaj Auto Ltd. 0.52 


Jaiprakash Associates Ltd. 0.50 






Cash & Current Assets 1.44 


56.07% 


26 


Birla Sun Life ‘95 Fund 

Hybrid Equity - Oriented (16 Schemes), 2 years ended 31-Dec-08 

Value Research Rating 

Birla Sun Life ‘95 Fund 

Hybrid Equity - Oriented (26 Schemes), for 3 & 5 years periods ending 31-Jan-09 

Winner of 

& 

Best Fund - 10 yrs performance Lipper Awards India 2008 

Birla Sun Life ‘95 Fund - Growth 

Mixed Asset INR Aggressive, (6 schemes) 10 Yrs ended 31-Dec-07 


F e b r u a r y 2 0 0 9 

Birla Sun Life Balance 










Nature of the scheme : An open-ended balanced scheme 

Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 





Benchmark : CRISIL Balanced Fund Index 








*For direct application: Entry Load is Nil. 




Average Maturity : – 




Large 

Mid 

Small 

Note: 

Standard Deviation is calculated on annualised basis using 1 year history of 

monthly returns, source: MFI 

An open-ended balanced scheme with an objective to balance income requirements with growth of capital through a balance mix of investments 

in equity and debt at relatively moderate levels of risks through a diversified research based investment approach. 

% Returns 

15 

10 

5 

0 

-5 

-10 

-15 

-20 

-25 

-30 

-35 Birla Sun Life Balance - Growth 






SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Balance... 

Investment 

Period 


1 Year 

-19.91 

-28.25 

3.69 

Total 

Investment 

(Rs.) 




Balance 






Balance 


Last 5 years 60000 64340 69582 2.76 5.86 

Last 3 years 36000 31187 33267 -9.10 -5.06 

Last 1 year 12000 9954 10790 -30.00 -18.16 






Assets 


Citibank N A** 8.77 AA+ 



Infrastructure Development Finance Company Ltd.** 3.55 AAA 

HDFC Bank Ltd.** 0.54 AAA 


ITC Ltd. 6.02 

E.I.D. Parry (India) Ltd. 4.55 

Radico Khaitan Ltd 2.74 





Novartis India Ltd. 4.62 




Piramal Healthcare Ltd. 1.31 

Piramal Life Sciences Limited. 0.02 


7.95 Govt Bond 2032 6.62 Sovereign 

7.61 Oil Comp Goi Bond 2015 3.74 Sovereign 

Banks 5.60 


Indian Overseas Bank 1.68 







2.09 

11.49 10.69 

8.49 


Sovereign 




Assets 




Core Projects & Technologies Ltd 0.09 




Gas 2.41 




Oil 1.60 




Hotels 0.55 

Hotel Leelaventure Ltd. 0.55 



Finance 0.17 

Bajaj Finserv Ltd 0.17 





** Represents thinly traded/ non traded securities & liquid securities. Total Percentage of thinly/non traded securities is 24.86%. 

Other 

AA 

AAA 

5.15% 

10.86% 

10.36% 

14.00% 

59.62% 



Hybrid Equity - Oriented (16 Schemes), 2 years ended 31- Dec-08 



Hybrid Equity - Oriented (16 Schemes), for 3 & 5 years periods ending 31-Jan-09 


27

F e b r u a r y 2 0 0 9 


Credit Quality 

High Mid Low 

Interest rate 

sensitivity 

High 

Mid 

Birla Sun Life Monthly Income 

An open-ended fund. Monthly income is not assured and is subject 

to availability of distributable surplus 


An open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterly 

distributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of 

distributable surplus 




Low 

14 

12 

11.54 

AAA 

58.64% 





Date of inception : July 14, 1999 

Nature of the scheme : An open-ended income scheme 

Key Features 

Default Plan / Option : Growth / Dividend Reinvestment 

For Monthly & Quarterly Dividend 



For Growth Plan 




issued 


Monthly Dividend : 10.3914 


Growth : 28.3664 

Quarterly Dividend : 10.5109 


Benchmark : CRISIL MIP Blended Index 




Exit Load** : 1% if redeemed / switched out 

within 12 months from the date of 

allotment 




Average Maturity : 8.48 Years 

Yield to Maturity : 7.50 

(for Debt Component) 

Mark to Market : 96% 


% Returns 

10 

8 

6 

4 

2 

0 

-2 

-0.70 

1 Year 

-1.55 

7.76 7.41 

5.91 6.12 


-4 Birla Sun Life Monthly Income - Growth 

Crisil MIP Blended Index 




Assets 

Corporate Debt 41.00 

GE Capital Services India Ltd.** 13.47 AAA 

Housing Development Finance Corporation Ltd.** 13.11 AAA 

Reliance Industries Ltd.** 12.74 AAA 

Reliance Gas Transpotation Infra Ltd.** 1.68 AAA 




National Housing Bank** 4.10 AAA 


Indian Railway Finance Corporation Ltd.** 2.73 AAA 

Infrastructure Development Finance Company Ltd.** 1.67 AAA 

LIC Housing Finance Ltd.** 0.40 AAA 








Sovereign 


AA 

Equity 

Future and Options 


2.05% 

1.04% 

8.50% 

13.02% 

16.75% 


Assets 











Gujarat Gas Co. Ltd. 0.28 




McDowell Holdings Ltd. 0.17 






EQUITY 8.50 




Note: 





MIP Conservative schemes (8 Schemes), 2 years ended 31-Dec-08 



Hybrid Monthly Income (32 Schemes), for 3 & 5 years periods ending 31-Jan-09 

28 


F e b r u a r y 2 0 0 9 



High Mid Low 

Interest rate 

sensitivity 

High 

Mid 

Birla Sun Life MIP 





The primary objective of the schemes is to generate regular income so as to make monthly distributions to unitholders with the secondary 

objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt 

instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market 

conditions, invest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents while at the same 

time maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.) 

Low 




12 

10 

9.55 

AAA 

67.91% 




Date of inception : November 20, 2000 

Nature of the scheme : An Open - ended Income Scheme 

Key Features 


For Monthly Dividend / Payment 



For Growth 




issued 




Monthly Payment / Growth : 21.1121 





Exit Load** : Rs. 10 Lakhs - 0.60% if 

redeemed / switched out within 

90 days 

> Rs. 10 Lakhs - Nil 





Yield to Maturity : 8.30% 




% Returns 

8 

6 

4 

2 

0 

-2 

1 Year 

-1.75 

-1.55 

6.39 6.67 

5.91 6.12 


-4 Birla Sun Life MIP - Growth 

Crisil MIP Bended Index 




Assets 





Infrastructure Development Finance Company Ltd. ** 6.09 AAA 

National Bank for Agriculture & Rural Development ** 5.01 AAA 

Power Grid Corporation of India Ltd.** 4.58 AAA 

State Bank of India** 0.25 AAA 




GE Capital Services India Ltd.** 10.10 AAA 

Reliance Gas Transportation Infrastructure Ltd.** 2.44 AAA 

Trent Ltd.** 0.77 CARE AA 

EQUITY 8.00 




ITC Ltd. 0.80 


AA 

Equity 

Sovereign 



3.30% 

2.98% 

0.67% 

8.00% 

17.13% 


Assets 






Housing Development Finance Corporation Ltd. 0.25 






8.33 CGL 2036 3.30 






Note: 



29

F e b r u a r y 2 0 0 9 


Birla Sun Life MIP II - Wealth 25 Plan 






High Mid Low 







Key Features 





For Growth 




issued 




Growth / Payment : 13.3778 






within 12 months from the date of 

allotment 









Interest rate 

sensitivity 

High 

Mid 

Low 

An open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with 

the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus. 

% Returns 

8 

6 

4 

2 

0 

-2 

-4 

-6 

-8 

-10 

-9.03 

1 Year 

-1.55 



1 year & CAGR for period 1 year or more. 


Assets 


Housing Development Finance Corporation Ltd. ** 16.14 AAA 


Reliance Gas Transportation Infrastructure Ltd** 3.31 AAA 




National Bank for Agriculture & Rural Development ** 6.11 AAA 


07.95 Cgl 2032 18.13 

07.61 Goi Bonds 2015 2.97 

08.24 Cgl 2027 1.75 

EQUITY 18.47 






ITC Ltd. 1.08 

Novartis India Ltd. 1.08 

2.97 

5.91 

Birla Sun Life MIP II - Wealth 25 - Growth 

6.43 

6.85 



AAA 

Sovereign 

Equity 

AA 




2.44% 

3.26% 


10.22% 

18.47% 


Assets 


















22.85% 

42.76% 


Note: 



30

F e b r u a r y 2 0 0 9 


Birla Sun Life MIP II - Savings 5 Plan 






High Mid Low 

Interest rate 

sensitivity 

High 

Mid 

Low 

An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders 

with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus. 

25 

20 


19.17 



54.39% 







Key Features 

Default option : Growth / Dividend Reinvestment 




For Growth 




issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 




Monthly Payment / Growth : 15.0331 



Load Structure (Incl. for SIP) 









% Returns 

15 

10 

5 

0 

-5 

Birla Sun Life MIP II - Savings 5 - Growth 


Past performance may or may not be sustained in future. Returns are in % and absolute returns for 

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


Assets 


8.24 Govt.Stock 2018 19.07 Sovereign 


11.41 

EQUITY 4.16 



Housing Development Finance Corporation Ltd. 0.48 







5.91 



9.08 

6.85 

1 Year 3 Years Since Inception 

-1.55 

Sovereign 

AAA 

Equity 

4.26% 

4.16% 

37.19% 


Assets 

Money Market Instruments 2.41 

Tata Capital Ltd. 2.41 A1+ 





Note: 




# 

Birla Sun Life MIP II Savings 5 Plan 

Hybrid : Monthly Income (32 Schemes), for 3 & 5 years periods ended 31- Jan-09 


31

F e b r u a r y 2 0 0 9 

Birla Sun Life Asset Allocation Fund 




High Mid Low 


Fund Manager : Mr. Ajay Garg & 

Mr. Satyabrata Mohanty 

Managing Fund Since : February 19, 2007 



Nature of the scheme : Open - ended Fund of Funds 

Scheme 

Key Features 





issued 


Aggressive Plan 



Growth : 17.6274 

Conservative Plan 



Growth : 15.7888 

Moderate Plan 



Growth : 17.1387 

Benchmark 

Aggressive Plan : S&P CNX NIFTY 

Moderate Plan : CRISIL Balanced Fund Index 

Conservative Plan : CRISIL MIP Blended Index 

Average AUM 

Aggressive Plan : Rs. 6.41 Crores 

Conservative Plan : Rs. 4.58 Crores 

Moderate Plan 

: Rs. 4.43 Crores 


Entry Load 

Aggressive Plan : 1.50% 

Moderate Plan : 1.00% 

Conservative Plan : 1.00% 



Standard Deviation 

Aggressive Plan : 19.91% 

Conservative Plan : 5.49% 

Moderate Plan : 14.58% 

Interest rate 

sensitivity 

High 

Mid 

Low 

Note: 



An open-ended Fund of Funds scheme with the objective to provide income and capital appreciation along with diversification by investing in a 

basket of debt and equity Mutual Fundschemes in line with the risk profile of the investors. 

Investment Performance - Aggressive Plan 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

-30.24 

1 Year 

- 44.04 

2.53 

Birla Sun Life AAF Aggressive Plan - Growth 

S & P CNX Nifty 

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

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

shown. 

Portfolio & Asset Allocation - Aggressive Plan 


-35 Birla Sun Life AAF Moderate Plan - Growth 




Investment Performance - Conservative Plan 

-2.72 

-4 

Birla Sun Life AAF Conservative Plan - Growth 

Crisil MIP Blended Index 


period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, 

they have not been shown. 

Portfolio & Asset Allocation - Conservative Plan 

Portfolio & Asset Allocation - Moderate Plan 

Issuer % to Net Assets Issuer % to Net Assets 

Mutual Fund Units 101.32 

Birla Sun Life Index Fund - Growth 15.63 

Birla Sun Life Dividend Yield Fund - Growth 15.30 

Birla Sun Life Advantage Fund - Growth 15.30 

Birla Sun Life MNC Fund - Growth 15.11 

Birla Sun Life Midcap Fund - Growth 14.93 

Birla Sun Life Dynamic Bond Fund - Growth 11.43 

Birla Sun Life Income Fund - Growth 7.31 

Birla Sun Life Short Term Fund - Growth 5.02 

Birla Sun Life Gilt Plus Inv - Growth 1.29 

Cash & Current Assets -1.33 


Issuer 

12.17 

9.96 

3 Years -1.42 


10 

8 

6 

4 

2 

0 

-2 

1 Year 

-1.55 

7.90 


Birla Sun Life Dynamic Bond Fund - Growth 24.04 





Birla Sun Life Dividend Yield Fund - Growth 5.94 





% to Net Assets 





Birla Sun Life Dividend Yield Plus - Growth 4.99 



Birla Sun Life Dynamic Bond Fund - Retail Plan - Growth 2.41 


Investment Performance - Moderate Plan 

15 

10 

5 

0 

-5 

-10 

-15 

-20 

-25 

-30 

9.69 

-20.65 

1 Year 

5.91 6.11 


-28.25 

5.21 

2.09 

11.53 

8.16 





Birla Sun Life AAF - Conservative 

Hybrid Debt - Oriented (8 Schemes), for 3 & 5 years periods ended 31- Jan-09 

32 


F e b r u a r y 2 0 0 9 

Birla Sun Life Cash Plus 



High 


Med 

Low 


Interest Rate 

Sensitivity 

High 

Mid 

Low 

Fund Manager : Mr. Satyabrata Mohanty & 

Mr. Maneesh Dangi 


Total Experience : 10 years & 6 years 

Date of inception : June 16, 1997 

Nature of the scheme : An Open Ended Liquid Scheme 

Key Features 

Default option : Appln of less than Rs. 1 cr - Retail 

Plan - Dividend Reinvestment 

Appln of equal to or greater than 

Rs. 1 cr but less than Rs. 5 cr - 

Institutional Plan - Daily Dividend 

Reinvestment 


Rs. 5 cr - Institutional Premium 

Plan - Daily Dividend 

Reinvestment 

Retail Plan 



Institutional Plan 

Fresh Purchase : Rs. 1 Crore 

Additional Purchase : Rs. 1 Lac 

Institutional Premium Plan 




issued 

Systematic Investment : Not Available 

Plan (SIP) 


Plan (SWP) 


Plan (STP) 


Retail Plan 

Growth : 23.3343 

Daily Dividend : 16.3724 

(Reinvestment) 


Growth : 23.5887 



Fortnightly Dividend : 10.8381 


Weekly Dividend : 10.8090 


Institutional Premium Plan 

Growth : 13.9094 









Benchmark : CRISIL Liquid Fund Index 




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

investments in high quality debt and money market instruments. 

% Returns 

12 

10 

8 

6 

4 

2 

0 


8.11 

6.71 6.80 


Birla Sun Life Cash Plus - Retail - Growth 

CRISIL Liquid Fund Index 

Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 

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


Assets 


ICICI Bank Ltd. 9.31 A1+ 

Canara Bank 4.20 P1+ 

Punjab National Bank 3.95 F1+ 

Housing Development Finance Corporation Ltd. 3.64 A1+ 

IDBI Bank Ltd. 2.38 P1+ 

UCO Bank Ltd. 1.59 P1+ 

State Bank of Patiala 1.58 A1+ 

Indiabulls Financial Services Ltd. 1.46 P1+ 

Oriental Bank Of Commerce 1.14 P1+ 

State Bank of Hyderabad 1.05 A1+ 

Allahabad Bank 0.96 P1+ 

Yes Bank Ltd. 0.60 A1+ 

State Bank of India 0.48 P1+ 

State Bank of Patiala 0.45 P1+ 

Standard Chartered Inv And Loans (I) Ltd 0.39 P1+ 

State Bank Of Bikaner And Jaipur 0.37 A1+ 

Indian Bank 0.37 F1+ 

CitiBank N.A. 0.33 P1+ 

Development Credit Bank Ltd. 0.32 P1+ 

State Bank of Travancore 0.30 P1+ 

Tata Motors Finance Ltd. 0.29 P1 

Reliance Capital Ltd. 0.24 A1+ 

Karur Vysya Bank Ltd. 0.21 F1+ 

GE Capital Services India Ltd. 0.15 P1+ 

Federal Bank Ltd. 0.11 P1+ 

IDBI Bank LTD. 0.08 A1+ 

ICICI Securities Ltd. 0.04 P1+ 

Export-Import Bank of India 0.01 A1+ 

Floating Rate Instruments 23.00 

9.88 

Housing Development Finance Corporation Ltd. 5.36 AAA 

Infrastructure Development Finance Company Ltd. 3.23 LAAA 

CitiFinancial Consumer Finance India Ltd 1.92 AA+ 

Jindal Saw Ltd. 1.60 A1+ 

LIC Housing Finance Ltd. 1.22 AAA 

Tata Sons Ltd. 1.20 AAA 

Global Trade Finance Ltd. 1.20 P1+ 

Housing Development Finance Corporation Ltd. 1.07 LAAA 

10.40 

7.60 7.55 

15 days 1 Month 3 Months Since Inception 

AAA 



AA 

8.52% 


23.61% 

67.86% 


Assets 

Madras Cements Ltd. 0.80 A1+ 

Gruh Finance Ltd 0.80 LAA+ 

LIC Housing Finance Ltd. 0.64 AAA 

Axis Bank Ltd. 0.63 LAA+ 

ICICI Bank Ltd. 0.53 AAA 

Power Finance Corp. Ltd. 0.46 AAA 

ICICI Bank Ltd. 0.40 CARE AAA 

Hero Honda Finlease Ltd. 0.40 P1+ 

Citicorp Finance India Ltd. 0.40 AA+ 

Indian Railway Finance Corporation Ltd. 0.39 AAA 

Infrastructure Development Finance Company Ltd. 0.32 AAA 

IDBI Bank LTD. 0.24 AA+ 

Sundaram Finance Ltd. 0.13 LAA+ 

Union Bank of India 0.08 AA+ 

Securitised Debt 14.81 

HINDUSTAN PETROLEUM** 4.77 A1+(SO) 

VODAFONE ESSAR LIMITED** 3.41 F1+(SO) 

DLF LTD** 16353.11 2.61 F1(SO) 

INDIABULLS FINANCIAL SERVICES LIMITED** 1.61 P1+(SO) 

BHARTI VENTURES LIMITED LOAN TRUST** 1.59 A1+(SO) 

BENNETT, COLEMAN &COMPANY LIMITED** 0.81 P1+(SO) 


Tata Motors Ltd.** 1.44 P1 




** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 17.38 %. 








Birla Sun Life Cash Plus - Institutional Plan 

Liquid Institutional Scheme ( 9 Schemes), 1 Yr ended 31-Dec-08 


Birla Sun Life Cash Plus - Retail Plan 

Consistent CPR Performer - Liquid (15 Schemes) , 5 Yrs ended 31-Dec-08 

Note: 



# 


Birla Sun Life Cash Plus - Institutional Premium Plan 

Debt: Ultra Short Term Inst. Prem. Schemes (44 Schemes), 18 months & 3 years ended 31-Jan-09 


# 


Birla Sun Life Cash Plus - Retail Plan 

Debt: Ultra Short Term Schemes (40 Schemes), 18 months & 3 years ended 31-Jan-09 

+The grading has been assigned by ICRA and indicates highest quality. The investment quality is similar to that of fixed income obligations of highest safety and with maturity 

corresponding upto 1 year. This grading should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. 

33

F e b r u a r y 2 0 0 9 

Birla Sun Life Liquid Plus 




High Med Low 

Interest Rate 

Sensitivity 

High 


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

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

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

Mid 

Low 

12 








Date of inception 

Retail Plan : November 27, 2001 

Institutional Plan : April 16, 2003 

Nature of the scheme : An Open Ended Short Term 

Income Scheme 

Key Features 


Plan - Weekly Dividend 

Reinvestment 


Rs. 1 cr - Institutional Plan - Daily 


Retail Plan 







issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 


Retail Plan 

Growth : 16.1831 










Growth : 16.4402 









Benchmark : CRISIL Short-Term Bond Fund 

Index 





% Returns 

10 

8 

6 

4 

2 

0 

8.91 

9.63 

7.95 

7.83 

6.74 6.93 

6.18 

1 Year 3 Years 5 Years Since Inception 

Birla Sun Life Liquid Plus - Retail Growth 

CRISIL Short-Term Bond Fund Index 


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


Assets 




Punjab National Bank 4.99 PR1+ 

IDBI Bank Ltd. 4.37 A1+ 

Housing Development Finance Corporation Ltd. 3.71 A1+ 

ONGC Videsh Ltd. 3.15 P1+(SO) 

Bank of Baroda 2.78 A1+ 

Jammu & Kashmir Bank Ltd. 2.68 P1+ 

State Bank of Bikaner and Jaipur 2.47 P1+ 


CitiBank N.A. 1.93 P1+ 

Corporation Bank 1.80 P1+ 


Indian Oil Corporation Ltd. 1.21 A1+ 

LIC Housing Finance Ltd. 0.97 P1+ 



UCO Bank 0.36 P1+ 

State Bank of Indore 0.34 P1+ 

Indiabulls Financial Services Ltd. 0.33 P1+ 



Kotak Mahindra Bank Ltd. 0.32 P1+ 

Yes Bank Ltd. 0.29 A1+ 

Union Bank of India 0.26 P1+ 


Infrastructure Development Finance Company Ltd. 0.22 A1+ 

Tata Motors Finance Ltd. 0.18 P1 

Apollo Tyres Ltd. 0.17 P1+ 

ABN AMRO Bank 0.13 A1+ 


Tata Capital Ltd. 0.09 A1+ 

Canara Bank 0.08 A1+ 

Export-Import Bank of India 0.08 AAA 


Union Bank of India 0.04 A1+ 

Birla Global Finance Ltd. 0.04 A1+ 

Reliance Capital Ltd. 0.02 A1+ 

Securitised Debt 9.95 

BHARAT PETROLEUM** 2.70 P1+(SO) 

HINDUSTAN PETROLEUM** 2.49 A1+(SO) 

DLF LTD** 1.83 A1(SO) 

DLF LTD** 0.73 F1(SO) 

SHRIRAM TRANSPORT FINANCE COMPANY LTD** 0.30 F1+(SO) 

POWER FINANCE CORP** 1.77 AAA(SO) 

ABS** 0.04 AAA(SO) 

NTPC LTD** 0.04 AAA(SO) 


Bills Discounted 

Sovereign 



Assets 

WOCKHARDT** 0.02 F1+(SO) 

L & T Finance Ltd.** 0.01 P1+(SO) 

BHARTI VENTURES LIMITED LOAN TRUST** 0.01 A1+(SO) 



Tata Steel Ltd. 1.05 AA 

Ultratech Cement Ltd. 1.05 AAA 

Housing Development Finance Corporation Ltd. 0.71 LAAA 

CitiFinancial Consumer Finance India Ltd 0.70 AA+ 

Berger Paints India Ltd. 0.33 P1+ 

Indian Railway Finance Corporation Ltd 0.17 AAA 

Tata Sons Ltd. 0.10 AAA 

IDBI Bank Ltd. 0.03 AA+ 

Indian Retail ABS Trust Series 50 18 Oct 09 0.03 AAA(SO) 



TRIL Infopark Ltd.** 0.70 PR1+ 

CitiFinancial Consumer Finance India Ltd** 0.58 AA+ 

K Raheja Corporation Private Ltd. ** 0.38 

Tata Motors Ltd.** 0.35 P1 

Kotak Mahindra Prime Ltd.** 0.14 LAA 

Sundaram Finance Ltd.** 0.14 AA+ 

Sundaram Finance Ltd.** 0.04 LAA+ 

ICICI Home Finance Company Ltd.** 0.03 LAAA 

Sundaram Finance Ltd.** 0.02 P1+ 

Mahindra & Mahindra Financial Services Ltd.** 0.02 AA+ 

Bills Discounted 1.39 

Standard Chartered Bank 1.39 



NABARD** 0.18 AAA 


IDFC Ltd.** 0.01 AAA 


6.96 Govt Bond 2009 0.21 Sovereign 





AAA 

AA 

1.39% 

0.25% 

6.82% 

14.75% 

76.41% 







Birla Sun Life Liquid Plus - Retail 

Debt: Liquid Plus (27 Schemes), 1yr ended 31-Dec-08 

# 


Birla Sun Life Liquid Plus - Institutional Plan 

Debt: Liquid Plus Inst (18 Schemes), 18 months & 3 years ended 31-Jan-09 

34 

Note: 



@ 


Birla Sun Life Liquid Plus - Institutional Plan 

Open Ended Liquid Plus - Institutional Plan (34 Schemes), 1 year ended 31-Dec-08 


F e b r u a r y 2 0 0 9 

Birla Sun Life Short Term Fund 




High Med Low 

Interest Rate 

Sensitivity 

High 

Mid 

Low 

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

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

12 









Date of inception : April 19, 2002 

Nature of the scheme : An Open Ended Short Term 

Income Scheme 

Key Features 


Plan - Fortnightly Dividend 

Reinvestment 


Rs. 2 cr - Institutional Plan - 

Fortnightly Dividend Reinvestment 

Retail Plan 







issued 

SIP : Available 

SWP : Available 

STP : Available 


Retail Plan 

Growth : 15.7497 








Growth : 10.3243 







Benchmark : CRISIL Short-Term Bond Fund 

Index 


% Returns 

10 

8 

6 

4 

2 

9.63 

8.60 8.59 

0 


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




Assets 

Money Market Instruments 88.78% 


Union Bank of India 7.47 P1+ 





Oriental Bank of Commerce 4.80 P1+ 


Allahabad Bank 4.74 A1+ 



Bank of Baroda 3.74 P1+ 



State Bank of Mysore 3.32 A1+ 


7.83 

6.96 6.92 

6.18 6.33 

AAA 


Sovereign 

1.79% 


9.44% 


Assets 



Vijaya Bank 2.50 PR1+ 


Vijaya Bank 0.90 P1+ 

Andhra Bank 0.50 F1+ 


Union Bank of India 0.32 A1+ 

State Bank of Travancore 0.12 A1+ 


07.33 OIL COMP GOI BONDS 2009 1.79 Sovereign 



88.78% 



Exit Load** : For Units redeemed/ switched out 

within seven days from the date of 

allotment - an exit load of 0.25% of 

applicable NAV. 

w.e.f. Feb 06, 09: Nil 

**Exit / Entry Load is NIL for units issued in 

Bonus & Dividend Reinvestment. 






Note: 




Birla Sun Life Short Term Fund - Retail Plan 

Debt: Short Term Schemes (17 Schemes), 1 Yr ended 31-Dec-08 

# 


Birla Sun Life Short Term Fund - Retail Plan 

Debt: Short Term Schemes (17 Schemes), 18 months & 3 years ended 31-Jan-09 


&& 


Birla Sun Life Short Term Fund 

Category: Income – Short Term Funds 

1 yr performance ended 31 Dec, ‘07. Total Schemes in Category = 12 

35

F e b r u a r y 2 0 0 9 





High Med Low 

Interest Rate 

Sensitivity 

High 

Mid 

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

of risk through a diversified investment approach. 





Low 

Fund Manager : Mr. Maneesh Dangi 





Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 


Growth : 40.0221 



Benchmark : CRISIL Composite Bond Fund 

Index 




Exit Load** : For Purchase / Switch in of Units, 

upto and including Rs. 10 lacs in 

value, an exit load of 1.00% is 

payable if units are redeemed / 

switched out within 365 days from 

the date of allotment. 

For Purchase / Switch in of Units, 

greater than Rs. 10 lacs in value, 

an exit load of 0.25% is payable if 

units are redeemed / switched out 

within seven days from the date of 

allotment 



Reinvestment. 



Modified Duration : 7 Years 






% Returns 

16 

14 

12 

10 

8 

6 

4 

2 

13.71 

7.30 

11.63 

6.37 

0 


Birla Sun Life Income Plus CRISIL Composite Bond Fund Index 




Assets 




6.05 Govt. Bond 2019 5.88 Sovereign 








8.15 GOI FCI SB 2022 0.19 Sovereign 


Indian Railways Finance Corporation Ltd.** 8.71 AAA 

NABARD** 6.98 AAA 


7.55 

4.75 

11.01 

Sovereign 




Assets 

Rural Electrification Corporation Ltd.** 2.17 AAA 

Export-Import Bank of India.** 0.27 AAA 



HDFC Ltd.** 2.71 AAA 

Reliance Gas Transportation Infrastructure Ltd.** 1.37 AAA 

ILFS Ltd.** 0.04 LAAA(SO) 







AAA 

13.69% 

32.31% 

54.00% 



Income Scheme (21 Schemes), 2 Yrs ended 31-Dec-08 



Consistent CPR Performer-Debt (13 Schemes), 5 Yrs ended 31-Dec-08 

36 

Note: 



@ 



Open Ended Debt - Long Term (21 Schemes), 3 year ended 31-Dec-08 


F e b r u a r y 2 0 0 9 

Birla Sun Life Income Fund 




High Med Low 

Interest Rate 

Sensitivity 

High 

Mid 

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

portfolio of debt and money market securities. 





Low 

Fund Manager : Mr. Satyabrata Mohanty 





Key Features 





issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 


Growth : 33.4184 

Quarterly Dividend : 11.4299 


Half Yearly Dividend : 12.2062 


54 EA Growth : 33.3953 

54 EA Dividend : 14.7157 

54 EB Growth : 33.1850 

54 EB Dividend : 14.7313 


Index 




Exit Load** : < Rs. 1 crore - 1% if redeemed 

/ switched out within 365 days 

> Rs. 1 crore - Nil 



% Returns 

14 

12 

10 

8 

6 

4 

2 

0 

11.74 11.86 

7.30 

Birla Sun Life Income Fund CRISIL Composite Bond Fund Index 




Assets 






6.05 Govt. Bond 2019 6.47 Sovereign 





6.37 

Indian Railways Finance Corporation Ltd.** 9.30 AAA 

NABARD ** 4.53 AAA 



8.01 

4.75 

10.65 


Sovereign 



Assets 

Rural Electrification Corporation Ltd** 1.57 AAA 



HDFC Ltd. ** 2.04 AAA 


Reliance Gas Transportation Infrastructure Ltd** 1.09 AAA 




AAA 


AA 

1.25% 

21.70% 

26.06% 

50.99% 



Modified Duration : 9 Years 






Note: 





Income Scheme (21 Schemes), 2 Yrs ended 31-Dec-08 

# 



Debt: Medium Term (54 Schemes), 18 months & 3 years ended 31-Jan-09 


&& 



Category: Income Funds 

1 yr performance ended 31 Dec, ‘07. Total Schemes in Category = 17 


& 

Best Fund - 3 & 10 yrs Performance Lipper Awards India 2008 

Birla Sun Life Income Fund - Growth 

Bond INR General, 3 yrs ended 31-Dec-07 out of 100 & 10 Schemes respectively 

37

F e b r u a r y 2 0 0 9 

Birla Sun Life Cash Manager 




High Med Low 

Interest Rate 

Sensitivity 

High 

Mid 

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

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




Low 

12 

10 

9.88 

10.40 







Nature of the scheme : An open-ended liquid scheme 

Key Features 

Default option : Appln of less than Rs. 1 cr - 

Weekly Dividend Reinvestment. 




Retail Plan 







issued 

Systematic Investment : Not Available 

Plan (SIP) 


Plan (SWP) 


Plan (STP) 

% Returns 

8 

6 

4 

2 

0 

8.11 

6.96 6.95 

Birla Sun Life Cash Manager CRISIL Liquid Fund Index 

Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 



Assets 




Vijaya Bank 14.00 P1+ 


ABN AMRO Bank 13.13 A1+ 

8.23 

7.30 


AAA 



7.20% 


Assets 


Axis Bank Ltd. 2.10 P1+ 



92.80% 


Growth : 21.2821 



Institutional Growth : 14.5281 

Institutional Daily Dividend : 10.0052 


Institutional Weekly Dividend : 10.0084 













38 

Note: 


monthly returns, source: MFI

F e b r u a r y 2 0 0 9 

Birla Sun Life Floating Rate Fund 




High Med Low 

Interest Rate 

Sensitivity 

High 

Mid 

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

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

Investment Performance - Long Term Plan 


Rating Profile - Long Term Plan 


Low 

10 

9 

8 

7 

6 

9.24 

8.76 

8.05 

7.43 

6.89 6.72 

6.21 5.99 

AAA 

95.17% 

Fund Manager : Mr. Satyabrata Mohanty 


Date of inception : June 05, 2003 

Nature of the scheme : An Open-ended Income 

Scheme 

Key Features 

Default option 

Long Term Plan : Dividend Reinvestment 

Short Term Plan : Appln of less than Rs. 5 cr - Daily 





Short Term - Retail Plan & Long Term Plan 



Short Term - Institutional Plan 




issued 

SIP : Available### 

SWP : Available 

STP : Available 

% Returns 

Birla Sun Life Floating Rate Fund - LTP - Growth CRISIL Liquid Fund Index 



% Returns 

5 

4 

3 

2 

1 

0 

Investment Performance - Short Term Plan 

12 

10 

8 

6 

4 

2 


5.37 

8.11 

5.59 

9.88 10.40 

7.11 

6.49 

5.99 

Cash & Current Assets 4.83% 

Rating Profile - Short Term Plan 

AAA 


13.70% 

77.54% 


Long Term Plan 

Growth : 14.4534 







Short Term Plan 

Growth : 14.2757 





Institutional Plan - Growth : 11.4915 

Institutional Plan - Daily 

Dividend (Reinvestment) : 10.0000 

Institutional Plan - 



Institutional Plan - 




Average AUM 

Long Term Plan : Rs. 120.46 Crores 

Short Term Plan : Rs. 61.74 Crores 


Long Term Plan (Incl. for SIP) 


Exit Load** : 0.10% Redeemed / switched out 

within 7 days from the date of 

allotment 

Short Term Plan 






Average Maturity 

Long Term Plan : 0.42 Years 

Short Term Plan : 0.48 Years 

Yield to Maturity 


Long Term Plan : 8.00% 

Short Term Plan : 7.80 % 

Mark to Market 

Long Term Plan : 0% 

Short Term Plan : 0 % 


Long Term Plan : 0.20 % 

Short Term Plan : 0.41 % 

Note: 



0 


Birla Sun Life Floating Rate Fund - STP - Growth CRISIL Liquid Fund Index 

Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 

year & CAGR for period 1 year or more. 

Portfolio & Asset Allocation - Long Term Plan 


Assets 




ONGC Videsh Ltd. 10.84 P1+(SO) 




State Bank of Travancore 6.96 A1+ 







AA 

8.76% 

Portfolio & Asset Allocation - Short Term Plan 


Assets 



Birla Sun Life Floating Rate - Long Term 

Debt - Floating Rate LT (11 Schemes), 18 months & 3 years ended 31- Jan-09 



Export-Import Bank of India 17.67 AAA 

Infrastructure Development Finance Company Ltd. 4.01 A1+ 



Citi Financial Consumer Finance India Ltd 8.76 AA+ 

ICICI Bank Ltd. 3.50 AAA 




### Not Available for Birla Sun Life Floating Rate Fund - Short Term Plan 39

F e b r u a r y 2 0 0 9 

Birla Sun Life Gilt Plus 




High Med Low 

Interest Rate 

Sensitivity 

High 

Mid 


An open-ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively 

in Government Securities. 

Investment Performance - Liquid Plan 

Rating Profile - Liquid Plan 

Low 

16 

14 

13.96 







Nature of the scheme : An Open Ended Government 

Securities Scheme 

Key Features 

Default option : Growth 




issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 


Liquid Plan 

Growth : 20.0750 

(Quarterly Gain & Annual Gain) 



Annual Dividend Option : 10.3607 


PF Plan 

Growth : 24.6198 






Regular Plan 

Growth : 30.7062 






Benchmark : 

Liquid Plan : I-Sec SI-BEX 

PF Plan : I-Sec LI-BEX 

Regular Plan : I-Sec LI-BEX 

Average AUM 

Liquid Plan : Rs. 15.66 Crores 

PF Plan : Rs. 77.05 Crores 

Regular Plan : Rs. 276.49 Crores 


Liquid Plan, Regular Plan & PF Plan - Quarterly / Annual 

Dividend 



PF Plan - Growth 




allotment 

**Exit / Entry Load is NIL for units issued in 

Bonus & Dividend Reinvestment. 



Liquid Plan : 0.00 Years 

PF Plan : 14.49 Years 

Regular Plan : 14.94 Years 

Modified Duration 


Liquid Plan : 0 Years 

PF Plan : 9 Years 

Regular Plan : 10 Years 



Liquid Plan : 4.00 % 

PF Plan : 6.25 % 

Regular Plan : 6.00 % 

Mark to Market 

Liquid Plan : 0 % 

PF Plan : 76 % 

Regular Plan : 87 % 


Liquid Plan : 1.58 % 

PF Plan : 18.57 % 

Regular Plan : 16.78 % 

40 

Note: 



Birla Sun Life Gilt Plus I-Sec SI-BEX 



% Returns 

Investment Performance - PF Plan 

Birla Sun Life Gilt Plus I-Sec LI-BEX 



% Returns 

% Returns 

20 

18 

16 

14 

12 

10 

8 

6 

4 

2 

0 

4.42 

Investment Performance - Regular plan 

20 

18 

16 

14 

12 

10 

8 

6 

4 

2 

12 

10 

8 

6 

4 

2 

0 

6.95 

0 


Birla Sun Life Gilt Plus I-Sec LI-BEX 



Portfolio & Asset Allocation - Liquid Plan 


Assets 

Cash & Current Assets 100.00 – 


5.85 

Portfolio & Asset Allocation - Regular Plan 


Assets 


07.95 CGL 2032 33.40 Sovereign 

07.99 CGL 2017 18.31 Sovereign 



07.47 Oil Mkt Co. Goi. Bond 2012 4.91 Sovereign 



9.47 

5.40 

7.37 

7.77 


18.28 

7.77 

11.48 

5.25 

7.66 

10.16 


14.65 

18.28 

12.15 

11.48 

7.96 

7.66 

12.81 


Sovereign 


Sovereign 


23.99% 

Rating Profile - PF Plan 

Rating Profile - Regular Plan 

12.88% 

Portfolio & Asset Allocation - PF Plan 


Assets 





8.15 Goi. FCI SB 2022 6.92 Sovereign 




@ 


Birla Sun Life Gilt Plus Regular Plan 

Open Ended Gilt (22 Schemes), 3 year ended 31-Dec-08 


Birla Sun Life Gilt Plus - Regular Plan 

Gilt Scheme (16 Schemes), 2 Yrs ended 31-Dec-08 

100.00% 

76.01% 

87.12% 


& 

Best Fund - 5 yrs performance Lipper Awards India 2008 

Birla Sun Life Gilt Plus - Regular - Growth 

Bond INR General (35 schemes), 5 Yrs ended 31-Dec-07 


F e b r u a r y 2 0 0 9 

Birla Sun Life Government Securities Fund 




High Med Low 

Interest Rate 

Sensitivity 

High 

Mid 

An open-ended Gilt scheme with the objective to provide investors current income consistent with a portfolio invested 100% in securities issued 

by the Government of India or the State Governments, and the secondary objective is capital appreciation. 

Investment Performance - Long Term Plan 


Rating Profile - Long Term Plan 


Low 





Nature of the scheme : An open-ended Gilt scheme 

Key Features 

Default option : Growth 




issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 


Long Term Plan 

Growth : 21.3587 



Short Term Plan - Retail 

Growth : 17.5451 







Short Term Plan - Institutional 





Benchmark 

Short Term : I-Sec SI-BEX 

Long Term : I-Sec LI-BEX 

Average AUM 

Long Term plan : Rs. 3.04 Crores 

Short Term plan : Rs. 45.67 Crores 






Long Term plan : 0 years 

Short Term plan : 0 years 



Long Term plan : 4.00 % 

Short Term plan : 3.50 % 


Long Term plan : 6.64% 

Short Term plan : 2.11% 

% Returns 

Birla Sun Life G-Sec Fund - LTP - Growth 

I-Sec Li-BEX 



Investment Performance - Short Term Plan 

% Returns 

20 

18 

16 

14 

12 

10 

8 

6 

4 

2 

0 

16 

14 

12 

10 

8 

6 

4 

2 

3.30 

5.14 

18.28 

13.96 

4.17 

5.81 

11.48 

9.47 

0 


Birla Sun Life G-Sec Fund - STP - Growth 

I-Sec Si-BEX 



Portfolio & Asset Allocation - Long Term Plan 


Assets 


Total Net Asset 100.00 – 

3.02 

4.05 

7.66 

7.37 

8.53 


6.25 



Rating Profile - Short Term Plan 

Portfolio & Asset Allocation - Short Term Plan 


Assets 



100.00% 

100.00% 

Note: 



41

F e b r u a r y 2 0 0 9 

Birla Sun Life Dynamic 

Bond Fund 




High Med Low 

Interest Rate 

Sensitivity 

High 

Mid 

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

by investing in high quality debt and money market instruments. 





Low 




Date of inception : September 27, 2004 

Nature of the scheme : An open-ended Income scheme 

Key Features 

Default option : Quarterly Dividend Reinvestment 




issued 


Plan (SIP) 


Plan (SWP) 


Plan (STP) 


Retail Growth : 14.1448 

Retail Quarterly Dividend : 10.9707 

(Payout / Reinvestment) 

Retail Monthly Dividend : 10.3183 

(Payout / Reinvestment) 

Retail Monthly Dividend 

sweep option available 

w.e.f. Jan 12, 2009 


Index 




Exit Load** : For Units redeemed/ switched out 


allotment - an exit load of 0.50% 

of applicable NAV. 



% Returns 

14 

12 

10 

8 

6 

4 

2 

13.26 

7.30 

0 

1 Year 3 Years Since Inception 

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




Assets 


9.83 




Oriental Bank of Commerce 4.48 P1+ 

Bank of Baroda 4.48 A1+ 


Andhra Bank 4.16 F1+ 






Allahabad Bank 1.19 A1+ 



6.37 

8.31 

5.67 

AAA 


AA 


1.78% 

6.61% 


Assets 

Export-Import Bank of India** 2.47 AAA 




National Bank for Agriculture & Rural Development** 0.33 AAA 

National Hydroelectric Power Corporation Ltd.** 0.32 AA+ 



LIC Housing Finance Ltd.** 4.43 AAA 




91.61% 






Modified Duration : 2 years 



Rural Electrification Corporation Ltd.** 7.28 AAA 





National Bank for Agriculture & Rural Development** 2.73 AAA 


@ 



Open Ended Debt - Short Term (17 Schemes), 1 year ended 31-Dec-08 

42 

Note: 




# 


Debt: Medium Term (39 Schemes), 18 months & 3 years ended 31-Jan-09 


F e b r u a r y 2 0 0 9 

India Advantage Fund Ltd. 

(For Non-Resident Indians and Eligible Foreign Nationals) 





Large 


An open-ended growth scheme with the objective of long-term appreciation through investment primarily in equity related securities of 

companies in India that are run by efficient management, have a sustainable and robust business model and are available at reasonable 

valuations. 

Mid 

Small 





Options & NAV 

NAV $ per Class C Share : 101.61 

Benchmark : BSE Sensex and MSCI (India) 

Average AUM : USD 71.39 Million 

Investment Performance CAGR Returns (%) 

25.00 

20.00 

15.00 

10.00 

5.00 

0.00 

-5.00 

-10.00 

-15.00 

-9.45 

-1.69 

9.85 

17.48 

10.59 11.01 

7.11 

20.48 

-6.74 

3 Year 5 Year 10 Year Inception 

9.77 

India Advantage Fund BSE Sensex MSCI (India) 

Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or 

more.The returns for BSE Sensex are in Indian Rupees while the returns for IAF & MSCI (India) 

are in US Dollars. 

8.75 

6.46 

Asset Allocation 

Financials 

12.71 

Money Market Instruments 

12.32 

Consumer Non Durables 

11.99 

Petroleum Products 

11.79 

Software 

9.09 

Telecom 

8.66 

Industrial Capital Goods 

7.42 

Other Equity 

7.28 

Oil & Gas 

7.13 

Power 

5.11 

Pharmaceuticals 

4.75 



Non-Convertible Debt 0.26 

0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 


Conversion Rate 1 USD : INR 49.02 

Bloomberg Ticker Code : INDADVC MP 

Portfolio 

Name of the Security Sector Percentage 

of Portfolio 

Reliance Industries Limited Petroleum Products 8.41 

Bharti Airtel Limited Telecom Services 6.92 

Infosys Technologies Limited Software 6.24 

ONGC Limited Oil & Gas 5.75 

ITC Limited Consumer Non Durables 5.71 

Bharat Heavy Electronics Limited Industrial Capital Goods 3.89 

Hindustan Unilever Limited Consumer Non Durables 3.81 

HDFC Limited Financials 3.70 

NTPC Limited Power 3.22 

ICICI Bank Limited Financials 2.90 

TCS Limited Software 2.56 

Nestle India Limited Consumer Non Durables 2.48 

Dr Reddy's Laboratories Limited Pharmaceuticals 2.47 

Bharat Electronics Limited Industrial Capital Goods 2.38 

HDFC Bank Limited Financials 2.35 

Sun Pharmaceuticals Limited Pharmaceuticals 2.28 

AXIS Bank Limited Financials 2.19 

CESC Limited Power 1.88 

Reliance Communications Limited Telecom Services 1.74 

Hindustan Petroleum Limited Petroleum Products 1.72 

Bharat Petroleum Limited Petroleum Products 1.66 

Oriental Bank Of Commerce Limited Financials 1.57 

United Phosphorus Limited Pesticides 1.47 

Aban Offshore Limited Oil & Gas 1.39 

Larsen & Toubro Limited Construction 1.21 

Engineers (India) Limited Industrial Capital Goods 1.16 

Great Eastern Shipping Corporation 

Name of the Security Sector Percentage 

of Portfolio 

Limited Logistics 1.13 

Tata Chemicals Limited Fertilizers 0.91 

IVRCL Infrastructure Limited Construction 0.88 

Chambal Fertilizers & Chemicals 

Limited Fertilizers 0.88% 

Maharashtra Seamless Limited Ferrous Metals 0.79 

Solar Explosives Limited Chemicals 0.43 

Subex Limited Software 0.28 

Gujarat NRE Coke Limited Mining 0.27 

Futures & Options 

NIFTY Futures Futures & Options 0.00 

SBI Futures Futures & Options 0.08 

Larsen & Toubro Futures Futures & Options 0.01 

Debt Instruments 

CBLO Money Market Instruments 11.46 

Bank CDs Money Market Instruments 0.86 

Trent Limited Non - Convertible Debt 0.26 

TOTAL 99.28 

OTHER NET ASSETS (SUB FUND) 0.90 

OTHER NET ASSETS (MAIN FUND) -0.18 

NET ASSETS 100.00 

Investment via sub-fund, India Advantage (Offshore) Fund, are stated at market/fair value at the date of determination. Securities listed on a recognised stock exchange are valued at the last quoted closing 

price on the principal exchange on which the security istraded Non-traded securities are valued at amortised cost and/or fair value as determined in good faith by Birla Sun Life Asset Management Company 

Limited, India, Conversion Rate: 1 USD = INR 49.02 

Morningstar Rating 

 

Bloomberg Ticker Code: 

INDADVC MP 

Also listed on 

“Channel Islands 

Stock Exchange (CISX)” 

Ranked 11th among Top Performing 

& 

Equity Funds in the world by Lipper 

India Advantage Fund 

Equity Funds (6302 funds), 10 yrs ended 31 Dec 07 


43

F e b r u a r y 2 0 0 9 

Dividend History 

(For select Schemes) 

EQUITY SCHEMES 

44 

EQUITY SCHEMES Declared on date Dividend (%) 

# 

Dividend (Rs. per unit) Face value (Rs.) Cum Dividend NAV (Rs. per unit) 

Birla Sun Life Advantage Fund 22-Mar-00 80 8.00 10.00 70.37 

Total dividend declared 

28-Nov-03 30 3.00 10.00 44.88 

since inception (Feb 24, 1995) = 325% 

23-Jan-04 20 2.00 10.00 47.33 

12-Mar-04 25 2.50 10.00 46.10 

23-Mar-05 50 5.00 10.00 54.25 

16-Dec-05 50 5.00 10.00 65.89 

25-Apr-08 50 5.00 10.00 100.44 

325 32.5 

Birla Sun Life Dividend Yield Plus 30-May-03 8 0.80 10.00 11.84 


13-Jun-03 5 0.50 10.00 10.88 


24-Jul-03 12 1.20 10.00 11.62 

19-Sept-03 18 1.80 10.00 12.09 

31-Oct-03 10 1.00 10.00 11.87 

26-Dec-03 15 1.50 10.00 13.93 

13-Feb-04 10 1.00 10.00 12.58 

28-Sep-04 8 0.80 10.00 11.57 

24-Dec-04 14 1.40 10.00 13.75 

11-Mar-05 10 1.00 10.00 12.85 

1-July-05 8 0.80 10.00 11.26 

28-Oct-05 8 0.80 10.00 11.94 

13-Jan-06 16 1.60 10.00 11.89 

27-April-06 10 1.00 10.00 13.07 

10-Oct-06 8 0.80 10.00 11.67 

30-April-07 8 0.80 10.00 11.20 

1-Nov-07 10 1.00 10.00 12.77 

178 17.80 

Birla Sun Life Tax Plan 15-Feb-02 10 1.00 10.00 12.45 


17-Oct-03 15 1.50 10.00 24.89 


26-Mar-04 15 1.50 10.00 26.90 

21-Oct-05 40 4.00 10.00 42.10 

16-Dec-05 40 4.00 10.00 46.50 

17-Feb-06 40 4.00 10.00 44.54 

28-Mar-08 60 6.00 10.00 64.23 

245 24.50 

Birla Sun Life Index Fund 17-Oct-03 56 5.60 10.00 16.19 


03-Feb-04 16.5 1.65 10.00 11.99 

since inception (Sept 18, 2002) = 137.5% 

23-Mar-07 65 6.50 10.00 21.83 

137.5 13.75 

Birla Sun Life India GenNext Fund 25-Apr-08 10 1.00 10.00 16.14 

Birla Sun Life India Opportunities Fund 04-Feb-00 25 2.50 10.00 28.97 


since inception (Dec 27, 1999) = 147.50% 

14-Jan-03 10 1.00 10.00 12.16 

27-Feb-04 60 6.00 10.00 18.69 

26-Oct-04 12.5 1.25 10.00 14.17 

16-Sep-05 40 4.00 10.00 14.90 

147.5 14.75 

Birla Sun Life Midcap Fund 19-Jun-03 10 1.00 10.00 11.83 


22-Jul-03 10 1.00 10.00 11.81 

since inception (Oct 3, 2002) = 242.50% 

24-Dec-03 60 6.00 10.00 18.35 

8-Oct-04 12.5 1.25 10.00 13.72 

28-Jan-05 10 1.00 10.00 14.75 

3-Feb-06 20 2.00 10.00 22.59 

22-Dec-06 35 3.50 10.00 25.94 

28-Dec-07 60 6.00 10.00 40.50 

27-Jun-08 20 2.00 10.00 20.85 

242.5 24.25 

Birla Sun Life MNC Fund 5-Feb-00 25 2.50 10.00 0.00 


22-Feb-02 40 4.00 10.00 27.16 

29-Aug-03 50 5.00 10.00 30.58 

since inception (Dec 27, 1999) = 240% 

18-Jan-05 50 5.00 10.00 42.80 

26-Aug-05 75 7.50 10.00 41.05 

240 24.00 

Birla Sun Life Basic Industries Fund 31-Mar-04 25 2.50 10.00 25.70 


07-Oct-04 20 2.00 10.00 25.02 

24-Mar-06 100 10.00 10.00 35.08 

since inception (Jan 15, 2000) = 295% 

19-Jan-07 105 10.50 10.00 39.60 

25-Apr-08 20 2.00 10.00 36.36 

295 29.50 

Birla Sun Life Buy India Fund 28-Mar-06 75 7.50 10.00 17.54 

Birla Sun Life Equity Fund 30-Sept-99 30 3.00 10.00 25.86 


since inception (Aug 27, 1998) = 445% 

28-Mar-00 50 5.00 10.00 51.08 

29-Sept-00 25 2.50 10.00 28.65 

20-Mar-01 10 1.00 10.00 18.97 

28-Sept-01 10 1.00 10.00 12.79 

20-Mar-02 10 1.00 10.00 17.13 

21-Oct-02 5 0.50 10.00 14.07 

24-Mar-03 5 0.50 10.00 14.37 

30-Sept-03 10 1.00 10.00 22.96 

08-Mar-04 30 3.00 10.00 30.91 

20-Oct-04 10 1.00 10.00 30.02 

10-Feb-06 50 5.00 10.00 58.94 

23-Mar-07 100 10.00 10.00 74.45 

31-Aug-07 100 10.00 10.00 79.98 

445 44.50 

Birla Sun Life Frontline Equity Fund 31-Mar-04 20 2.00 10.00 18.48 


14-Oct-04 10 1.00 10.00 16.80 

27-Feb-06 80 8.00 10.00 28.88 

since inception (Aug 30, 2002) = 240% 

28-Aug-06 60 6.00 10.00 23.56 

29-Jun-07 40 4.00 10.00 23.86 

08-Aug-08 20 2.00 10.00 20.48 

230 23.00 

Birla Sun Life New Millennium Fund 27-Jun-08 10 1.00 10.00 14.43 

Birla Sun Life Tax Relief ‘96 27-Apr-06 500 50.00 10.00 224.51 

8-Dec-06 250 25.00 10.00 193.94 


since inception (Mar 29, 1996) = 2160% 

19-Jan-07 260 26.00 10.00 176.54 

16-Mar-07 500 50.00 10.00 134.27 

25-Mar-08 200 20.00 10.00 106.74 

27-Jun-08 50 5.00 10.00 71.86 

2160 216.00 

Birla Sun Life Top 100 Fund 30-May-08 15 1.50 10.00 15.894 

After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.

F e b r u a r y 2 0 0 9 



HYBRID & MONTHLY INCOME SCHEMES 

Non Corporate 

Corporate 

Dividend 

Dividend 

(%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit) 

# 

# 

DEBT SCHEMES Date Face Value Dividend Dividend Cum Dividend NAV 

Birla Sun Life Balance 17-Oct-03 10.00 15 1.50 - - 13.32 


since inception (Oct 12, 1999) = 65% 

20-Jan-06 10.00 50 5.00 - - 15.13 

65 6.50 

Birla Sun Life MIP (Monthly Dividend Plan) 31-Aug-07 10.00 0.958 0.0958 0.892 0.0892 11.4063 

28-Sep-07 10.00 1.139 0.1139 1.060 0.1060 11.5833 

26-Oct-07 10.00 1.196 0.1196 1.113 0.1113 11.6844 

30-Nov-07 10.00 1.455 0.1455 1.354 0.1354 11.5526 

28-Dec-07 10.00 1.147 0.1147 1.068 0.1068 11.6693 

25-Jan-08 10.00 1.204 0.1204 1.120 0.1120 11.3399 

29-Feb-08 10.00 0.847 0.0847 0.788 0.0788 10.9853 

28-Mar-08 10.00 0.682 0.0682 0.635 0.0635 10.6837 

25-Apr-08 10.00 0.641 0.0641 0.597 0.0597 10.6054 

30-May-08 10.00 0.796 0.0796 0.741 0.0741 10.4906 

27-Jun-08 10.00 0.123 0.0123 0.114 0.0114 10.0146 

29-Aug-08 10.00 0.228 0.0228 0.212 0.0212 10.0638 

30-Jan-09 10.00 0.876 0.0876 0.815 0.0815 10.5239 

Birla Sun Life MIP II - Savings 5 Plan 27-Mar-08 10.00 0.520 0.0520 0.484 0.0484 10.1802 

(Monthly Dividend Plan) 

25-Apr-08 10.00 0.529 0.0529 0.492 0.0492 10.1977 

30-May-08 10.00 0.836 0.0836 0.778 0.0778 10.2327 

25-Jun-08 10.00 0.546 0.0546 0.508 0.0508 10.1996 

25-Jul-08 10.00 0.521 0.0521 0.485 0.0485 10.2026 

13-Aug-08 10.00 0.402 0.0402 0.374 0.0374 10.1890 

28-Aug-08 10.00 0.140 0.0140 0.130 0.0130 10.6778 

29-Sep-08 10.00 0.802 0.0802 0.747 0.0747 10.7534 

17-Oct-08 10.00 0.140 0.0140 0.130 0.0130 10.6947 

27-Oct-08 10.00 0.526 0.0526 0.489 0.0489 10.7336 

12-Nov-08 10.00 0.657 0.0657 0.611 0.0611 10.7369 

26-Dec-08 10.00 1.051 0.1051 0.978 0.0978 11.6828 

30-Jan-09 10.00 0.613 0.0613 0.571 0.0571 11.1310 

Birla Sun Life MIP II - Wealth 25 Plan 25-May-07 10.00 0.629 0.0629 0.585 0.0585 11.0915 

(Monthly Dividend Plan) 29-Jun-07 10.00 0.756 0.0756 0.704 0.0704 11.2535 

27-July-07 10.00 1.126 0.1126 1.048 0.1048 11.5658 

31-Aug-07 10.00 0.962 0.0962 0.895 0.0895 11.3493 

28-Sep-07 10.00 1.133 0.1133 1.054 0.1054 11.5543 

26-Oct-07 10.00 1.193 0.1193 1.110 0.1110 11.6241 

30-Nov-07 10.00 1.446 0.1446 1.346 0.1346 11.5255 

28-Dec-07 10.00 1.145 0.1145 1.066 0.1066 11.7620 

25-Jan-08 10.00 1.214 0.1214 1.130 0.1130 11.2126 

29-Feb-08 10.00 0.837 0.0837 0.779 0.0779 10.7279 

28-Mar-08 10.00 0.666 0.0666 0.620 0.0620 10.3049 

25-Apr-08 10.00 0.620 0.0620 0.577 0.0577 10.3476 

30-May-08 10.00 0.777 0.0777 0.723 0.0723 10.2064 

Birla Sun Life '95 Fund 30-Jun-99 10.00 20 2.00 - - 26.78 


28-Mar-00 10.00 50 5.00 - - 64.44 


13-Oct-00 10.00 30 3.00 - - 39.85 

09-Mar-01 10.00 20 2.00 - - 33.50 

15-Oct-01 10.00 20 2.00 - - 25.70 

26-Mar-02 10.00 20 2.00 - - 29.99 

30-Oct-02 10.00 10 1.00 - - 26.01 

28-Mar-03 10.00 10 1.00 - - 27.00 

10-Oct-03 10.00 10 1.00 - - 38.59 

22-Mar-04 10.00 30 3.00 - - 42.31 

25-Oct-04 10.00 20 2.00 - - 43.02 

10-Mar-06 10.00 25 2.50 - - 68.53 

30-May-08 10.00 50 5.00 - - 97.61 

325 32.50 

Birla Sun Life Monthly Income - 29-Jun-07 10.00 0.622 0.0622 0.579 0.0579 10.8480 

Monthly Dividend 

31-July-07 10.00 1.152 0.1152 1.072 0.1072 11.1562 

31-Aug-07 10.00 0.744 0.0744 0.692 0.0692 11.0177 

28-Sep-07 10.00 1.345 0.1345 1.251 0.1251 11.1820 

31-Oct-07 10.00 1.632 0.1632 1.519 0.1519 11.2657 

30-Nov-07 10.00 1.401 0.1401 1.304 0.1304 11.0995 

31-Dec-07 10.00 1.221 0.1221 1.136 0.1136 11.3372 

31-Jan-08 10.00 0.750 0.0750 0.698 0.0698 10.8881 

29-Feb-08 10.00 0.677 0.0677 0.630 0.0630 10.7070 

31-Mar-08 10.00 0.712 0.0712 0.663 0.0663 10.3796 

30-Apr-08 10.00 0.668 0.0668 0.622 0.0622 10.4731 

30-May-08 10.00 0.786 0.0786 0.731 0.0731 10.3396 

30-Jan-09 10.00 2.628 0.2628 2.446 0.2446 10.3982 

Birla Sun Life Monthly Income - 02-July-07 10.00 2.375 0.2375 2.210 0.2210 11.5378 

Quarterly Dividend 

28-Sep-07 10.00 2.856 0.2856 2.658 0.2658 11.8310 

31-Dec-07 10.00 2.856 0.2856 2.658 0.2658 12.2011 

31-Mar-08 10.00 2.593 0.2593 2.413 0.2413 11.1765 

30-Jun-08 10.00 1.901 0.1901 1.769 0.1769 10.6399 

30-Sep-08 10.00 1.380 0.1380 1.284 0.1284 10.4584 

31-Dec-08 10.00 2.256 0.2256 2.100 0.2100 10.8938 

After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results. 

45

F e b r u a r y 2 0 0 9 



DEBT SCHEMES 

Non Corporate 

Corporate 

DEBT SCHEMES Date Face Value Dividend Dividend Dividend 

Dividend Cum Dividend NAV 

# 

# 

(%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit) 

Birla Sun Life Short Term 15-Jun-07 10.00 1.656 0.1656 1.541 0.1541 10.2706 

Opportunities Fund 17-Sep-07 10.00 1.706 0.1706 1.588 0.1588 10.2479 

17-Dec-07 10.00 1.875 0.1875 1.745 0.1745 10.2193 

17-Mar-08 10.00 1.162 0.1162 1.082 0.1082 10.1370 

16-Jun-08 10.00 1.162 0.1162 1.082 0.1082 10.1379 

15-Sep-08 10.00 1.201 0.1201 1.118 0.1180 10.1943 

15-Dec-08 10.00 1.098 0.1098 1.022 0.1022 10.2182 

Birla Sun Life Dynamic Bond Fund - Retail 02-Jul-08 10.00 0.682 0.0682 0.635 0.0635 10.6122 


29-Aug-08 10.00 1.330 0.1330 1.238 0.1238 10.7048 

29-Sep-08 10.00 0.701 0.0701 0.652 0.0652 10.6474 

22-Oct-08 10.00 0.569 0.0569 0.530 0.0530 10.6239 

31-Dec-08 10.00 1.664 0.1664 1.549 0.1549 11.1759 

Birla Sun Life Gilt Plus - Liquid Plan - 17-Sep-07 10.00 1.804 0.1804 1.679 0.1679 10.7032 

(Quarterly Dividend) 

17-Dec-07 10.00 1.602 0.1602 1.491 0.1491 10.6626 

17-Mar-08 10.00 1.602 0.1602 1.491 0.1491 10.6857 

16-Jun-08 10.00 1.375 0.1375 1.280 0.1280 10.6466 

15-Sep-08 10.00 1.375 0.1375 1.280 0.1280 10.7122 

22-Oct-08 10.00 0.061 0.0061 0.057 0.0057 10.4045 

15-Dec-08 10.00 1.384 0.1384 1.288 0.1288 10.5148 

Birla Sun Life Gilt Plus - PF Plan 15-Jun-07 10.00 1.677 0.1677 1.561 0.1561 10.3059 

17-Sep-07 10.00 1.859 0.1859 1.730 0.1730 10.5930 

17-Dec-07 10.00 1.817 0.1817 1.691 0.1691 10.6516 

17-Mar-08 10.00 2.053 0.2053 1.911 0.1911 10.7912 

16-Jun-08 10.00 1.382 0.1382 1.286 0.1286 10.3315 

15-Sep-08 10.00 1.332 0.1332 1.240 0.1240 10.3951 

15-Dec-08 10.00 2.013 0.2013 1.873 0.1873 11.2919 

Birla Sun Life Gilt Plus - Regular Plan 15-Jun-07 10.00 1.990 0.1990 1.852 0.1852 10.9077 

(Quarterly Dividend) 

17-Sep-07 10.00 2.339 0.2339 2.177 0.2177 11.3762 

17-Dec-07 10.00 2.180 0.2180 2.029 0.2029 11.4187 

17-Mar-08 10.00 2.196 0.2196 2.044 0.2044 11.6530 

16-Jun-08 10.00 1.495 0.1495 1.392 0.1392 11.2748 

15-Sep-08 10.00 1.454 0.1454 1.353 0.1353 11.6963 

15-Dec-08 10.00 2.267 0.2267 2.110 0.2110 12.9233 

Birla Sun Life Income Plus 15-Dec-06 10.00 1.537 0.1537 1.431 0.1431 10.3281 

(Monthly Dividend) 15-Mar-07 10.00 0.930 0.0930 0.866 0.0866 10.1064 

15-Jun-07 10.00 1.529 0.1529 1.423 0.1423 10.2218 

17-Sep-07 10.00 1.813 0.1813 1.688 0.1688 10.5704 

17-Dec-07 10.00 2.031 0.2031 1.890 0.1890 10.7758 

17-Mar-08 10.00 2.304 0.2304 2.144 0.2144 10.9445 

16-Jun-08 10.00 1.634 0.1634 1.520 0.1520 10.6083 

Birla Sun Life Govt. Securities - 15-Mar-07 10.00 3.113 0.3113 2.899 0.2899 10.4817 

Long Term Dividend 17-Sep-07 10.00 3.162 0.3162 2.943 0.2943 10.3774 

17-Mar-08 10.00 0.480 0.0480 0.447 0.0447 10.0548 

Birla Sun Life Govt. Securities - 15-Jun-07 10.00 1.352 0.1352 1.258 0.1258 10.1768 

Short Term Dividend 

17-Sep-07 10.00 1.607 0.1607 1.496 0.1496 10.3110 

17-Dec-07 10.00 1.546 0.1546 1.439 0.1439 10.2972 

17-Mar-08 10.00 0.588 0.0588 0.547 0.0547 10.0734 

16-Jun-08 10.00 0.876 0.0876 0.815 0.0815 10.1315 

15-Sep-08 10.00 1.095 0.1095 1.109 0.1109 10.2966 

15-Dec-08 10.00 1.111 0.1111 1.034 0.1034 10.3417 

Birla Sun Life Income Fund- 15-Mar-07 10.00 3.191 0.3191 2.971 0.2971 10.8886 

Half Yearly Dividend 17-Sep-07 10.00 3.758 0.3758 3.497 0.3497 11.2454 

17-Mar-08 10.00 4.752 0.4752 4.423 0.4423 11.6359 

46 

Birla Sun Life Income Fund - 15-Jun-07 10.00 1.776 0.1776 1.653 0.1653 10.2632 


17-Sep-07 10.00 1.971 0.1971 1.834 0.1834 10.6534 

17-Dec-07 10.00 2.047 0.2047 1.905 0.1905 10.8291 

17-Mar-08 10.00 2.314 0.2314 2.154 0.2154 10.9767 

16-Jun-08 10.00 1.637 0.1637 1.524 0.1524 10.7403 

15-Sep-08 10.00 1.613 0.1613 1.501 0.1501 10.9178 

15-Dec-08 10.00 2.110 0.2110 1.964 0.1964 11.7458 

Birla Sun Life Liquid Plus - 28-Nov-08 10.00 0.554 0.0544 0.515 0.0515 10.1724 

Institutional Monthly Dividend 

26-Dec-08 10.00 0.527 0.0527 0.491 0.0491 10.1794 

30-Jan-09 10.00 0.619 0.0619 0.576 0.0576 10.2003 

Birla Sun Life Liquid Plus - 28-Nov-08 10.00 0.534 0.0534 0.497 0.0497 10.1611 

Retail Monthly Dividend 

26-Dec-08 10.00 0.506 0.0506 0.471 0.0471 10.1675 

30-Jan-09 10.00 0.591 0.0591 0.550 0.0550 10.1871 

Birla Sun Life Short Term Fund - 28-Nov-08 10.00 0.568 0.0568 0.528 0.0528 10.6633 

Monthly Dividend 

26-Dec-08 10.00 0.493 0.0493 0.459 0.0459 10.6652 

30-Jan-09 10.00 0.594 0.0594 0.553 0.0553 10.6865 

After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.

F e b r u a r y 2 0 0 9 

Methodology of Ranking 

# 

Value Research Ratings 

Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the 

weighted average monthly returns for the last 3 and 5-year periods. In the case of debt funds this rating is based on the weighted average weekly returns for 

the last 18 months and 3-year periods and in case of short-term debt funds - weekly returns for the last 18 months. These ratings do not take into 

consideration any entry or exit load. 

Five-stars indicate that a fund is in the top 10 per cent of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 

22.5 per cent bottom 10% receive one star. The number of schemes in each category is mentioned along side the categories name. Equity Diversified (131), 

Equity : Index (18), Equity Tax Planning (22), Hybrid Equity Oriented (26), Hybrid: Monthly Income (32), Debt: Medium-term (39), Gilt: Medium and Longterm 

(28), Gilt: Short-term (13), Debt: Ultra Short-term (40), Debt: Ultra Short-term Institutional (44), Debt: Short-term (17), Debt: Floating Rate Short-term 

(16), Debt: Floating Rate Short-term Institutional (10) Debt: Floating Rate Long-term (11), Hybrid: Debt-oriented (17), Debt: Liquid Plus: (22), Debt: Liquid 

Plus Institutional:(18). These Fund Ratings are as on Jaqnuary 31, 2009. The Value Research Ratings are published in Monthly Mutual Fund Performance 

Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value 

Research does not guarantee the accuracy. 

@ 

ICRA Mutual Fund Awards 2009 – Ranking Methodology and Disclaimer 

Birla Sun Life Dynamic Bond Fund – 7-Star Fund in ‘Open Ended Debt - Short Term’ schemes category – 17 Schemes – 1 year performance ended 31 Dec 

2008. Birla Sun Life Dividend Yield Plus – 5-Star Fund in ‘Open Ended Diversified Equity - Aggressive’ schemes Category – 51 Schemes – 1 year 

performance ended 31 Dec 2008. Birla Sun Life MNC Fund – 5-Star Fund in ‘Open Ended Diversified Equity - Aggressive’ schemes Category – 51 Schemes – 

1 year performance ended 31 Dec 2008. Birla Sun Life Frontline Equity Fund - 5-Star Fund in the category of ‘Open Ended Diversified Equity - Defensive’ 

schemes Category – 51 Schemes – 1 year performance ended 31 Dec 2008. Birla Sun Life Frontline Equity Fund – Two 5-Star Fund Rankings both in ‘Open 

Ended Diversified Equity - Defensive’ schemes Category – 51 and 55 Schemes – 1 and 3 year performance ended 31 Dec 2008 respectively. Birla Sun Life 

Liquid Plus - Institutional Plan - 5-Star Fund in the category of ‘Open Ended Liquid Plus - Institutional Plan’ schemes Category – 34 Schemes – 1 year 

performance ended 31 Dec 2008. Birla Sun Life Income Plus - 5-Star Fund in the category of ‘Open Ended Debt – Long Term schemes Category – 21 

Schemes – 3 year performance ended 31 Dec 2008. Birla Sun Life Gilt Plus-Regular Plan - 5-Star Fund in the category of ‘Open Ended Gilt’ schemes 

Category – 21 Schemes – 3 year performance ended 31 Dec 2008. The rank for the schemes is an outcome of an objective and comparative analysis against 

various parameters, including: risk adjusted return, fund size, company concentration, portfolio turnover and liquidity. 7-Star Fund Rank indicates - Best 

Performance amongst the 5-Star Funds. 5-Star Fund Rank indicates - Best performance (Top 10% of the category). Entry/Exit Loads not considered. Past 

Performance is no guarantee of future results. Ranking Source & Publisher: ICRA Online Limited 

+ ICRA mfAAA and mfA1+ Rating Methodology for Birla Sun Life Floating Rate (Short Term & Long Term) and Birla Sun Life Cash Plus Respectively 

Birla Sun Life Floating Rate Fund – Short Term Plan & Birla Sun Life Floating Rate Fund – Long Term Plan: The credit risk rating assigned to the schemes is 

mfAAA. The rating is the highest-credit-quality rating assigned by ICRA to debt funds. Birla Sun Life Cash Plus: The credit risk rating assigned to the scheme 

is mfA1+. The highest-credit-quality short-term rating assigned by ICRA to debt funds. 

Rating methodology used by ICRA is based on evaluating the inherent credit quality of the funds portfolio. As a measure of the credit quality of a debt fund’s 

assets, ICRA uses the concept of ”credit scores”, based on ICRA’s assessment of credit risk associated with each exposure of the portfolio taking into account 

its maturity, investment objectives and policies, its management characteristics and the creditworthiness of its investment portfolio. ICRA reviews relevant fund 

information on an ongoing basis to support its published rating opinions. Source: ICRA Ltd. 

* AAAf: CRISIL AAAf Rating Methodology for Birla Sun Life Liquid Plus, Birla Sun Life Income Plus, Birla Sun Life Cash Manager, Birla Sun Life Income 

Fund, Birla Sun Life Short Term Fund and Birla Sun Life Dynamic Bond Fund 

AAAf The fund’s portfolio holdings provide very strong protection against losses from credit defaults. 

The credit quality ratings are based on an analysis of the fund’s investment philosophy, its management, investment strategies, operational policies and 

internal controls. Credit quality incorporates the credit risk of securities and the counter-party risk involved in transactions CRISIL has developed a Credit 

Quality Matrix to evaluate a bond fund’s overall level of protection against losses associated with credit default. The matrix is a set of credit factors & credit 

scores derived scientifically from CRISIL’s rating default and transition rates over past ten years. Ranking source: CRISIL FundServices, CRISIL Ltd. 

^^Crisil CPR – Ranking Methodology & Disclaimer 

Birla Sun Life Equity Fund: CRISIL~CPR 2 - in Consistent CPR Performer - Equity (29 Schemes) 

Birla Sun Life Frontline Equity Fund: CRISIL~CPR 1 -In Diversified Equity Scheme Category (80 Schemes). 

Birla Sun Life Dividend Yield Plus: CRISIL~CPR 2 -In Diversified Equity Scheme Category (80 Schemes). 

Birla Sun Life Balance Fund: CRISIL~CPR 1 -In Balanced Scheme Category (16 Schemes). 

Birla Sun Life 95 Fund: CRISIL~CPR 2 -In Balanced Scheme Category (16 Schemes). 

Birla Sun Life Income Fund: CRISIL~CPR 1 - Income Scheme Category (21 Schemes) 

Birla Sun Life Income Plus: CRISIL~CPR 1 - Consistent CPR Performer - Income (13 Schemes) 

Birla Sun Life Income Plus: CRISIL~CPR1 - Income Scheme Category (21 schemes) 

Birla Sun Life Monthly Income: CRISIL~CPR 2 - MIP Conservative Scheme Category (8 schemes) 

Birla Sun Life Short Term Fund - Retail Plan: CRISIL~CPR 1 - Debt Short Term Scheme Category (17 Schemes). 

Birla Sun Life Cash Plus - Institutional: CRISIL~CPR 2 - Liquid Inst. Scheme Category (9 schemes) 

Birla Sun Life Cash Plus - Retail Plan: CRISIL~CPR 1 Consistent CPR Performer - Liquid (15 Schemes) 

Birla Sun Life Gilt Plus - Regular Plan: CRISIL~CPR 2 - Gilt Scheme Category (16 schemes) 

Birla Sun Life Liquid Plus - Retail Plan: CRISIL~CPR 2 - Liquid Plus Scheme Category (27 schemes) 

CRISIL~Composite Performance Ranking - (CRISIL~CPR) is the relative performance ranking of mutual fund schemes within the peer group. The criteria 

used for computing the ranking are AUM in excess of category cut-off limits & portfolio disclosure and performance in case of Liquid Plans, Liquid Institutional 

and Debt-Short Term – Last 1 years; All other Schemes – Last 2 years and 5 yrs CPR track record for consistent CPR Performers. Fund Ratings are as on 30 

September ’08. Ranking is done on the following parameters depending on scheme category. 

CRISIL~CPR 1 - indicates “Very Good" performance & ranks within top 10 percentile of the respective category. 

CRISIL~CPR 2 - indicates “Good" performance & ranks within top 11th - 30th percentile of the respective category. 

Parameters 

Superior Return Score 

Mean Return and Volatility 

Portfolio Concentration Analysis 

Liquidity Analysis 

Asset Quality 


Downside Risk Probability 

Asset Size 

Historic performance on CRISIL~CPR 

Scheme Category 

Large Cap Oriented Equity, Diversified Equity, ELSS, Balanced, Debt, MIP (Aggressive & 

Conservative), Gilt-Long and Consistent CPR Performers – Equity, Balanced and Debt 

Debt-Short, Liquid Plans & Consistent CPR Performers - Liquid 

All Schemes 

All Schemes 

Debt Schemes 

Debt Schemes 

Debt- Short Term, Liquid, Liquid Plus, Liquid- Institutional & Super Institutional 

Debt- Short Term, Liquid, Liquid Plus, Liquid- Institutional & Super Institutional 

Consistent CPR Performer – Equity, Balanced, Debt and Liquid categories 

Ranking Source: Crisil FundServices, CRISIL Limited 

& 

Lipper Awards 2008 – Award Methodology & Disclaimer 

Birla Sun Life ‘95 Fund – Growth (BSL‘95): Best Fund - 10 yr performance (1997 - 2007), Mixed Asset INR Aggressive, No. of schemes: 6 

Birla Sun Life Income Fund - Growth (BSLIF): Best Fund - 3yr (2004 - 2007) & 10 yr (1997 - 2007) performance, Bond INR - General, No. of 

schemes: 100 

Birla Sun Life Gilt Plus - Regular Growth (BSLGP-Reg): Best Fund - 5 yr performance (2002 - 2007), Bind INR Govt, No. of Schemes: 35 

Birla Sun Life Tax Relief '96 (BSLTR'96): 3rd Rank (Top Performing Equity funds in the world) - 10 yr performance (1997 - 2007), Equity Funds, No. 

of Schemes: 6302 

BSL’95, BSLIF & BSLGP - Reg are awarded the Lipper Award 2008 and BSLTR’96 has been ranked 3rd among the top 100 equity funds in the 

world on the basis of Consistent Return (Effective Return) value. Entry/Exit load not considered. Ranking source: Lipper - A Reuter Co. 

@@ 

S & P Fund Management Rating 

Standard & Poor’s A: The fund demonstrates high standards of quality based on its investment process, risk awareness and consistency of 

performance relative to its own objectives. Ranking Methodology: The Fund has provided consistent, above average, risk-adjusted returns relative 

to its peers over a three-year period ending December 31, 2006. The Fund is assessed by S&P on basis of quantitative factors viz. historical 

performance for consistency, discrete period performance comparisons and measurement over 3 discrete twelve-month periods, including 6 

month moving average size, turnover, dealing, liquidity of portfolio, gearing, client base, cost, fees and on evaluation of qualitative factors viz. fund 

management group, portfolio manager and investment team that contributes to long term performance. 

&& CNBC TV18 - CRISIL Mutual Fund of the Year Award for 2007 - Award Methodology & Disclaimer 

Birla Sun Life Mutual Fund - Mutual Fund of the Year: Birla Sun Life Mutual Fund won the CNBC TV18 - CRISIL Mutual Fund of the Year Award in 

the Category – Mutual Fund of the Year. In total 26 fund houses were eligible for the award universe. Fund Houses winning at least two awards for 

their schemes in the category level awards for 2007 were considered for the award. The award is based on consistency of fund house’s 

performance across various scheme categories in the four quarterly CRISIL CPR rankings released during the calendar year 2007. The individual 

CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses. 

Birla Sun Life Infrastructure Fund – Growth - Emerging Equity Fund of the Year: Birla Infrastructure Fund - Growth was the only scheme that won 

the CNBC TV18 - CRISIL Mutual Fund of the Year Award in the Emerging equity Fund of the year category. In total 14 schemes were eligible for the 

award universe. Open ended equity schemes having a one to two year track record as on December 31, 2007 and fulfilling CRISIL’s eligibility 

criteria on disclosure were considered for the award. The award is based on the scheme’s performance using the analytical approach of the 

CRISIL CPR rankings having the analysis period as the year 2007. 

Birla Sun Life Frontline Equity Fund - Growth(Large Cap Oriented Equity Fund), 22 Schemes: Among 2 winners 

Birla Sun Life Income Fund (Income Funds), 17 schemes: Only winner 

Birla Sun Life Monthly Income (Monthly Income Plans – Conservative), 9 schemes: Only winner 

Birla Sun Life Short Term Fund (Income – Short Term Funds), 12 schemes: Only winner 

Schemes present in all four quarter CRISIL CPRs were considered for the award. The award is based on consistency of scheme’s performance in 

the four quarterly CRISIL CPR rankings released during the calendar year 2007. The individual CRISIL CPR parameter scores averaged for the 

four quarters were further multiplied by the parameter weight as per the CRISIL CPR methodology to arrive at the final scores. A detailed 

methodology of the CRISIL CPR is available at www.crisil.com. Past performance is no guarantee of future results. Rankings and Award Source: 

CRISIL FundServices, CRISIL Ltd. 

For further details on our Funds, please contact our Customers Service Centres at details given below. 

IDEA Toll Free No. 1800-270-7000 & the centralised TOLL no. 022-66917777 

AURANGABAD BARODA BHILLAI 

BHOPAL DEHRADUN GURGAON 

INDORE JABALPUR KOLHAPUR 

LUCKNOW MEERUT MUMBAI (Borivali) 

MUMBAI (Ghatkopar) NASIK PUNE 

RAIPUR RAJKOT SURAT 

VALSAD VASHI VIJAYWADA 

AGRA : 0562 - 3245674 / 2524409 

AHMEDABAD : 079 - 26403553 / 48 

AJMER : 0145 - 5102019 

ALLAHABAD : 0532 - 2427014 

AMBALA : 0171 - 2601344 

AMRAVATI : 0721 - 6451692 

AMRITSAR : 0183 - 3220031 

ANAND : 02692 - 247260 

BANGALURU(Cunningham House Rd) : 080 - 22389991 / 2 / 3 

BANGALURU (Jayanagar) : 080 - 41555000 

BANGALURU (Malleswaram) : 080 - 42199221 

BELGAUM : 0831 - 4201124 

BHAVNAGAR : 0278 - 6452524 

BHUBANESHWAR : 0674 - 2535521 / 3413 

BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD. BRANCHES 

CALICUT : 0495 - 4021366 / 99 

CHANDIGARH : 0172 - 2783556 

CHENNAI (Anna Nagar) : 044 - 43016950 / 1 / 2 / 4 / 6 

CHENNAI (Egmore) : 044 - 28191681 / 708 / 715 / 699 

COCHIN : 0484 - 2366817 / 2383969 / 4021722 

COIMBATORE : 0422 - 4350262 / 4 

DELHI : 011- 40744507 

DHANBAD : 0326 - 2302747 / 8051 

DURGAPUR : 0343 - 6454621 / 19 / 3201241 

ERODE : 0424 - 4558197 / 8 

GUWAHATI : 0361 - 2595020 / 2599273 

HUBLI : 0836 - 4259989 / 4266283 

HYDERABAD (Abids) : 040 - 40303131 

JAIPUR : 0141 - 2389082 

JALANDHAR : 0181 - 5010421 

JAMNAGAR : 0288 - 3200064 

JAMSHEDPUR : 0657 - 6456127 / 3204840 

JODHPUR : 0291 - 5123888 

KANPUR : 0512 - 2331116 / 21 / 3246000 

KOLKATA : 033 - 22882592 / 4 / 5 

KOTA : 0744 - 2366237 

LUDHIANA : 0161 - 5088847 / 8 

MADURAI : 0452 - 4231493 / 83 

MANGALORE : 0824 - 3200050 / 3000145 

MEHASANA : 02762 - 658323 / 16 

MORADABAD : 0591 - 2420055 / 3200690 

MUMBAI (Fort) : 022 - 66379826 

MUMBAI (Head Office) : 022 - 66928000 

MUMBAI (Prabhadevi) : 022 - 6637915 

MYSORE : 0821 - 4244400 / 1 / 2 

NAGPUR : 0712 - 6635051 

NOIDA : 0120 - 4203629 

PANIPAT : 0180 - 4005759 

PANJIM : 0832 - 2437628 

PATIALA : 0175 - 5013811 

PATNA : 0612 - 2207022 / 3 

PONDICHERRY : 0413 - 4207997 

RANCHI : 0651 - 3200894 / 6455110 

SALEM : 0427 - 4554431 

SILIGURI : 0353 - 2545165 

THANE : 022 - 67930660 / 1 

TRICHY : 0431 - 2773391 / 2 / 3 

TRIVANDRUM : 0471 - 4017007 

UDAIPUR : 0294 - 5102291 

VAPI : 0260 - 6454735 / 6 

VARANASI : 0542 - 2227755 

VISHAKAPATNAM : 0891 - 6631337 / 8 

Disclaimer: Any information contained in this publication does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, Birla Sun Life AMC Ltd./ its subsidiaries / affiliates / sponsors / trustee or their 

officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication from time to time. Recipients of the information contained herein should exercise due care and 

caution and read the offer documents (including if necessary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. 

Editorial opinions expressed in the 'Connect' are not necessarily those of Birla Sun Life AMC Ltd. or any of their officers, employees, personnel, directors and Birla Sun Life AMC Ltd. and its officers, employees, personnel, directors do not accept responsibility for the editorial content. Birla Sun Life AMC Ltd. or any 

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

Statutory Details: Constitution: Birla Sun Life Mutual Fund (BSLMF) has been set up as a Trust under the Indian Trust Act, 1882. Sponsors: Aditya Birla Nuvo Limited and Sun Life (India) AMC Investments Inc. (liability restricted to seed corpus of Rs. 1 Lac). Trustee: Birla Sun Life Trustee Company Pvt. Ltd. 

Investment Manager: Birla Sun Life Asset Management Company Ltd.Risk Factors: Mutual Funds and securities investments are subject to market risks and there can be no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued 

under the Scheme may go up or down depending on the various factors and forces affecting capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Schemes and may not necessarily provide a basis of comparison with 

other investments. The names of the Schemes do not, in any manner, indicate either the quality of the Schemes or their future prospects or returns. Unitholders in the schemes are not being offered any guaranteed/assured returns. Investors should read the Offer Document/ Key Information Memorandum 

available at Investor Service Centers and with distributors carefully before investing. 

The Material provided in the Connect cannot be reproduced or quoted anywhere without express permission from Birla Sun Life Asset Management Company Ltd. 

47

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www.birlasunlife.com/mobile

Connect for the Month of February 2009 - Birla Sun Life Mutual Fund

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