Connect for the Month of September 2008 - Birla Sun Life Mutual ...

S e p t e m b e r 2 0 0 8Birla Sun Life Midcap FundAs on August 31, 2008Investment Style BoxInvestment ObjectiveSystematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeLargeMidSmallAn open-ended growth scheme with theobjective to achieve long-term growth of capitalat controlled level of risk by primarily investingin midcap stocks.SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Midcap Fund…InvestmentPeriodTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*CNXMidcapBirla SunLife MidcapFundCNXMidcapBirla SunLife MidcapFundFund Manager : Mr. A. Balasubramaniam & Mr. Sanjay ChawlaNAV : Rs.Growth : 70.40Dividend : 19.51Benchmark : CNX Midcap*For direct application: Entry Load is Nil.Investment PerformanceDate of inception : October 3, 2002Load Structure (Incl. for SIP):Entry Load* :Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load** :Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - NilAverage AUM:Rs. 519.27 Crores**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Since Inception 70000 153483 174665 26.98 31.55Last 5 years 60000 98936 110975 20.14 24.90Last 3 years 36000 40135 40614 7.21 8.02Last 1 year 12000 10172 9959 -27.18 -30.15Date of First Installment - November 1, 2002.The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset Allocation% Returns50403020100-10-201 Year-5.72-9.5620.5515.89Birla Sun Life Midcap Fund - GrowthCNX MidcapPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more.35.4828.9339.1336.673 Years 5 Years Since InceptionMoney Market InstrumentsConsumer Non DurablesIndustrial Capital GoodsOther EquityBanksConstructionPowerFerrous MetalsChemicalsFertilisersPharmaceuticalsNon - Ferrous MetalsIndustrial ProductsDiversifiedAutoSoftwareCash & Current AssetsCorporate Debt7.58%6.43%5.10%4.70%4.26%4.06%3.62%3.31%2.97%2.49%2.32%2.20%0.82%0.12%9.51%9.18%13.70%17.65%PortfolioIssuer% to NetAssetsMoney Market Instruments 17.65ICICI Bank Ltd. 11.14State Bank of Patiala 6.51Consumer Non Durables 13.70ITC Ltd. 3.86Marico Ltd. 2.86Shaw Wallace Company Ltd. 2.57Balrampur Chini Mills Ltd. 2.37Asian Paints (India) Ltd. 1.18Colgate-Palmolive (India) Ltd. 0.84Industrial Capital Goods 9.51Havells India Ltd. 2.29Thermax Ltd. 1.95Jyoti Structures Ltd. 1.66Bharat Bijlee Ltd. 1.25Bharati Shipyard Ltd. 1.23Crompton Greaves Ltd. 1.12Banks 7.58Union Bank of India 2.83Indian Overseas Bank 1.56ING Vysya Bank Ltd. 1.47Axis Bank Ltd. 0.97Bank of India 0.75Construction 6.43Simplex Infrastructures Ltd. 3.24IVRCL Infrastructures & Projects Ltd. 2.91Akruti City Ltd. 0.27Power 5.10GVK Power & Infrastructure Ltd. 2.08Issuer% to NetAssetsTata Power Company Ltd. 1.82CESC Ltd. 1.20Ferrous Metals 4.70Monnet Ispat Ltd. 3.41Welspun Gujarat Stahl Rohren Ltd. 1.29Chemicals 4.26Solar Explosives Ltd. 4.26Fertilisers 4.06Tata Chemicals Ltd. 4.06Pharmaceuticals 3.62Glenmark Pharmaceuticals Ltd. 2.94Lupin Ltd. 0.68Non - Ferrous Metals 3.31Nava Bharat Ventures Ltd. 3.31Industrial Products 2.97Sintex Industries Ltd. 2.97Diversified 2.49Aditya Birla Nuvo Ltd. 2.49Auto 2.32Ashok Leyland Ltd. 2.32Software 2.20Tech Mahindra Ltd. 1.42Tata Consultancy Services Ltd. 0.78Issuer% to NetAssetsTransportation 1.92Great Eastern Shipping Company Ltd. 1.92Consumer Durables 1.63Blue Star Ltd. 1.63Cement 1.62Century Textile & Industries Ltd. 1.62Media & Entertainment 1.59Balaji Telefilms Ltd. 1.59Textile Products 1.21Raymond Ltd. 1.21Auto Ancillaries 0.76Exide Industries Ltd. 0.76Trading 0.25Adani Enterprises Ltd. 0.25Hotels 0.19Indian Hotels Co. Ltd. 0.19Corporate Debt 0.12Trent Ltd. ** 0.12Cash & Current Assets 0.82Total Net Asset 100.00** Represents thinly traded / non traded securities. Total Percentage of thinly/non traded securities is 0.12%.05

S e p t e m b e r 2 0 0 8Birla Sun Life Frontline Equity FundInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeNAV : Rs.Growth : 56.99Dividend : 18.09Benchmark : BSE 200*For direct application: Entry Load is Nil.LargeMidSmallInvestment PerformanceAn open-ended growth scheme with the objectiveof long term growth of capital, through a portfoliowith a target allocation of 100% equity by aimingat being as diversified across various industriesand or sectors as its chosen benchmark index, BSE200.Fund Manager : Mr. Mahesh PatilDate of inception : August 30, 2002Load Structure (Incl. for SIP):Entry Load* :Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load**:Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - NilAverage AUM:Rs. 412.48 Crores**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Frontline Equity Fund...InvestmentPeriodDate of First Installment : October 01, 2002The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset AllocationTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*BSE200Birla Sun LifeFrontlineEquity FundBSE200Birla Sun LifeFrontlineEquity FundSince Inception 71000 148870 172332 25.02 30.09Last 5 Years 60000 98531 111900 19.97 25.25Last 3 years 36000 41009 43585 8.67 12.86Last 1 year 12000 10287 10536 -25.54 -21.99% Returns4035302520151050-5-10-2.161 Year-4.0826.0820.7731.5226.36Birla Sun Life Frontline Equity Fund - Growth BSE 20033.6329.493 Years 5 Years Since InceptionMoney Market InstrumentsBanksPetroleum ProductsSoftwareIndustrial Capital GoodsTelecom ServicesCash & Current AssetsConsumer Non DurablesFinanceOilPharmaceuticalsMedia & EntertainmentOther EquityPowerConstructionFerrous Metals2.56%5.63%5.42%4.96%4.34%4.33%4.15%3.55%3.46%3.44%7.28%7.88%8.29%10.14%11.29%11.23%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more.Gas2.04%PortfolioIssuer% to NetAssetsMoney Market Instruments 11.29ICICI Bank Ltd. 9.26Punjab National Bank 2.03Banks 11.23Axis Bank Ltd. 3.02HDFC Bank Ltd. 2.97ICICI Bank Ltd. 2.17ING Vysya Bank Ltd. 1.92Union Bank of India 1.17Petroleum Products 10.14Reliance Industries Ltd. 7.29Indian Oil Corporation Ltd. 1.58Reliance Petroleum Ltd. 1.28Software 8.29Infosys Technologies Ltd. 4.44Satyam Computer Services Ltd. 2.53Tata Consultancy Services Ltd. 1.32Industrial Capital Goods 7.88Bharat Heavy Electricals Ltd. 3.19Crompton Greaves Ltd. 2.60Bharat Electronics Ltd. 1.25Thermax Ltd. 0.84Telecom-Services 7.28Bharti Airtel Ltd. 4.88Issuer% to NetAssetsReliance Communications Ltd. 1.36Spice Communications Ltd. 1.04Consumer Non Durables 5.42ITC Ltd. 3.14United Spirits Ltd. 2.28Finance 4.96Housing Development Finance Corp. Ltd. 2.10Power Finance Corporation Ltd 1.72Rural Electrification Corporation Ltd 0.59ICRA Ltd. 0.55Oil 4.34Oil & Natural Gas Corporation Ltd. 4.34Pharmaceuticals 4.33Cipla Ltd. 1.67Dr. Reddys Laboratories Ltd. 1.39Ranbaxy Laboratories Ltd. 1.27Media & Entertainment 4.15Zee Entertainment Enterprises Ltd 2.33Television Eighteen India Ltd. 1.17Balaji Telefilms Ltd. 0.65Power 3.46Tata Power Company Ltd. 1.63GVK Power & Infrastructure Ltd. 0.96Issuer% to NetAssetsCESC Ltd. 0.87Construction 3.44Larsen & Toubro Ltd. 1.88IVRCL Infrastructures & Projects Ltd. 1.56Ferrous Metals 2.56Sesa Goa Ltd. 1.52Jindal Steel & Power Ltd. 1.04Gas 2.04GAIL (India) Ltd. 2.04Auto 1.31Maruti Suzuki India Ltd. 1.31Non - Ferrous Metals 1.28Hindalco Industries Ltd. 1.18Hindalco Industries Ltd.- Rights** 0.11Cement 0.96Century Textile & Industries Ltd. 0.96Cash & Current Assets 5.63Total Net Asset 100.00** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 0.11%. Total outstanding exposure in derivatives as on August 29, 2008 is Rs.17.44 Crores (Notional value).06#Value Research RatingBirla Sun Life Frontline Equity FundEquity: Diversified ( 217 Schemes), 5 Yrs ended 31-Aug-08CRISIL~CPR 2^^Birla Sun Life Frontline Equity FundDiversified Equity Scheme ( 87 Schemes), 2 Yrs ended 30-June-08(Past performance is no guarantee of future results.) for ranking methodology please refer page 42&&CNBC TV-18 CRISIL AWARD 2007Birla Sun Life Frontline Equity FundCategory: Large Cap oriented Equity Fund1 yr performance ended 31 Dec, ‘07 Total Schemes in Category = 22

S e p t e m b e r 2 0 0 8Birla Sun Life Tax Relief '96An open-ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 yearsAs on August 31, 2008Investment Style BoxInvestment ObjectiveSystematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeLargeMidSmallAn open-ended equity linked savings scheme(ELSS) with the objective of long term growthof capital through a portfolio with a targetallocation of 80% equity, 20% debt and moneymarket securitiesSIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Tax Relief '96...InvestmentPeriodTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*BSE200Birla SunLife TaxRelief '96BSE200Birla SunLife TaxRelief '96NAV : Rs.Growth* : 8.33Dividend : 70.76*Introduced with effect from 06/03/08Investment PerformanceFund Manager : Mr. Ajay GargDate of inception : March 29, 1996Load Structure (Incl. for SIP):Entry Load* : Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load : NILBenchmark : BSE 200 Average AUM: Rs. 584.11 Crores*For direct application: Entry Load is Nil.Since Inception 149000 514913 1439972 18.51 33.14Last 5 years 60000 98531 95811 19.97 18.82Last 3 years 36000 41009 38780 8.67 4.91Last 1 year 12000 10287 9562 -25.54 -35.60Date of First Installment : April 1, 1996The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset Allocation% Returns35302520151050-5-10-15-10.521 Year-4.0817.6620.7726.53 26.36Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more. Returns assume reinvestment of the tax free dividend declared.31.00Birla Sun Life Tax Relief ‘96 - Dividend BSE 20014.113 Years 5 Years Since InceptionBanksFinanceIndustrial Capital GoodsPetroleum ProductsConstructionPowerMoney Market InstrumentsCash & Current AssetsTelecom-ServicesFerrous MetalsAuto AncillariesConsumer Non DurablesMedia & EntertainmentHotelsAutoDiversifiedPesticidesIndustrial ProductsSoftwareOther Equity2.01%2.84%2.77%2.70%2.67%2.64%2.56%2.44%2.43%3.66%4.34%4.09%5.14%4.69%4.56%5.54%8.15%11.42%12.85%12.50%PortfolioIssuerBanks 12.85ICICI Bank Ltd. 3.59HDFC Bank Ltd. 2.92ING Vysya Bank Ltd. 2.74Axis Bank Ltd. 2.21Kotak Mahindra Bank Ltd. 1.39Finance 12.50Housing Development Finance Corporation Ltd. 3.98ICRA Ltd. 3.54Reliance Capital Ltd. 2.73India Infoline Ltd. 2.26Industrial Capital Goods 11.42Bharat Heavy Electricals Ltd. 4.17Honeywell Automation India Ltd. 2.38Crompton Greaves Ltd. 2.30Bharat Bijlee Ltd. 1.44Siemens Ltd. 1.13Petroleum Products 8.15Reliance Industries Ltd. 8.15Construction 5.54Larsen & Toubro Ltd. 5.54Power 5.14Reliance Infrastructure Ltd. 3.78** Represents thinly traded / non-traded securities.% to NetAssetsIssuer% to NetAssetsGVK Power & Infrastructure Ltd. 1.36Money Market Instruments 4.69Reliance Capital Ltd. 4.24Punjab National Bank 0.45Telecom-Services 4.34Bharti Airtel Ltd. 4.34Ferrous Metals 4.09Jindal Steel & Power Ltd. 2.82Tata Steel Ltd. 1.27Auto Ancillaries 3.66Bosch Chassis Systems India Ltd. 2.61MRF Ltd. 1.05Consumer Non Durables 2.84Shaw Wallace Company Ltd. 1.99Radico Khaitan Ltd 0.85Media & Entertainment 2.77Television Eighteen India Ltd. 2.77Magnasound India Ltd. ** 0.00Hotels 2.70Asian Hotels Ltd. 1.61Taj GVK Hotels & Resorts Ltd. 1.10Issuer% to NetAssetsAuto 2.67Maruti Suzuki India Ltd. 1.69Mahindra & Mahindra Ltd. 0.98Diversified 2.64United Breweries Holdings Ltd. 2.64Pesticides 2.56United Phosphorus Ltd. 2.56Industrial Products 2.44Cummins India Ltd. 2.44Software 2.43Infosys Technologies Ltd. 1.71Tata Consultancy Services Ltd. 0.71Consumer Durables 1.29Blue Star Ltd. 1.29Trading 0.71Uniphos Enterprises Ltd. 0.71Cash & Current Assets 4.56Total Net Asset 100.00Ranked 3rd among Top Performing Equity&Funds in the World by LipperBirla Sun Life Tax Relief '96Equity Funds (6302 funds), 10 yrs ended 31 Dec 07(Past performance is no guarantee of future results.) for ranking methodology please refer page 4207

S e p t e m b e r 2 0 0 8Birla Sun LifeInfrastructure FundAs on August 31, 2008Investment Style BoxInvestment ObjectiveSystematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeLargeMidSmallNAV : Rs.Growth : 12.45Dividend : 11.56Benchmark : S&P CNX NIFTYAverage AUM : Rs. 429.50 Crs*For direct application: Entry Load is Nil.Investment PerformanceAn open-ended growth scheme with the objectiveto providing for medium to long-term capitalappreciation by investing predominantly in adiversified portfolio of equity and equity relatedsecurities of companies that are participating inthe growth and development of Infrastructure inIndia.Fund Manager : Mr. Mahesh PatilDate of inception : March 17, 2006Load Structure :Entry Load* (For SIP) : NilEntry Load* (Except SIP) : Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load** (For SIP) : Redeemed / switched out within24 months: 2.25%Exit Load** (Except SIP) : Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Infrastructure Fund...InvestmentPeriodDate of First Installment : April 01, 2006The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset AllocationTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*S&P CNXNIFTYBirla Sun LifeInfrastructureFundS&P CNXNIFTYBirla Sun LifeInfrastructureFundSince Inception 29000 30520 28534 4.16 -1.30Last 1 year 12000 10511 9676 -22.34 -34.051512.94Money Market InstrumentsIndustrial Capital Goods13.39%16.14%109.34Banks8.65%5PowerPetroleum Products7.85%6.96%% Returns0-51 Year-2.34Since InceptionFinanceCash & Current AssetsConstructionIndustrial Products6.54%6.18%6.17%5.51%-10Oil5.24%-15-13.92Telecom-ServicesFerrous Metals5.19%5.08%-20Birla Sun Life Infrastructure Fund - GrowthS&P CNX NiftyOther EquityGas2.48%2.38%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more.Transportation2.24%PortfolioIssuer% to NetAssetsMoney Market Instruments 16.14State Bank of Patiala 16.14Industrial Capital Goods 13.39Bharat Heavy Electricals Ltd. 3.55Crompton Greaves Ltd. 2.95Thermax Ltd. 2.55Bharati Shipyard Ltd. 1.75Bharat Electronics Ltd. 1.31Jyoti Structures Ltd. 1.29Banks 8.65Axis Bank Ltd. 2.78ICICI Bank Ltd. 2.02HDFC Bank Ltd. 1.80Kotak Mahindra Bank Ltd. 1.13South Indian Bank Ltd. 0.91Power 7.85CESC Ltd. 2.56KEC International Ltd. 1.59Tata Power Company Ltd. 1.24GVK Power & Infrastructure Ltd. 1.14Kalpataru Power Transmission Ltd. 1.02Power Trading Corporation of India Ltd. 0.32Petroleum Products 6.96Reliance Industries Ltd. 6.96Issuer% to NetAssetsFinance 6.54Housing Development Finance Corporation Ltd. 3.94Power Finance Corporation Ltd 2.58Octav Investments Ltd. 0.01Construction 6.17Larsen & Toubro Ltd. 2.27IVRCL Infrastructures & Projects Ltd. 1.45Madhucon Projects Ltd. 1.26ITD Cementation India Ltd. 0.95Nagarjuna Construction Co. Ltd. 0.25Industrial Products 5.51Kirloskar Oil Engines Ltd. 2.27Sintex Industries Ltd. 1.67Finolex Cables Ltd. 1.05Torrent Cables Ltd. 0.52Oil 5.24Oil & Natural Gas Corporation Ltd. 3.66Aban Offshore Ltd. 1.57Telecom-Services 5.19Bharti Airtel Ltd. 5.19Ferrous Metals 5.08Jindal Steel & Power Ltd. 2.96Maharashtra Seamless Ltd. 1.41Issuer% to NetAssetsJindal Saw Ltd. 0.71Gas 2.38Gujarat Gas Company Ltd. 1.82GAIL (India) Ltd. 0.56Transportation 2.24Gateway Distriparks Ltd. 1.54Arshiya International Ltd 0.70Consumer Durables 1.32Voltas Ltd. 1.32Hotels 0.65Taj GVK Hotels & Resorts Ltd. 0.65Non - Ferrous Metals 0.31Sterlite Industries (India) Ltd. 0.31Consumer Non Durables 0.21Hindustan Sanitaryware & Industries Ltd. 0.21Cash & Current Assets 6.18Total Net Asset 100.00Total outstanding exposure in derivatives as on August 29, 2008 is Rs 39.13 Crores (Notional value).08CRISIL~CPR 2^^Birla Sun Life Infrastructure FundDiversified Equity Scheme ( 87 Schemes), 2 Yrs ended 30-June-08(Past performance is no guarantee of future results.) for ranking methodology please refer page 42&&CNBC TV-18 CRISIL AWARD 2007Emerging Equity Fund of the YearBirla Sun Life Infrastructure Fund – Growth1 yr performance ended 31 Dec, ‘07. Total Schemes in Category = 14

S e p t e m b e r 2 0 0 8Birla Sun Life India GenNext FundAs on August 31, 2008Investment Style BoxInvestment StyleValue Blend Growth SizeLargeMidSmallInvestment ObjectiveAn open-ended growth scheme with the objectiveto target growth of capital by investing inequity/equity related instruments of companiesthat are expected to benefit from the risingconsumption patterns in India, which in turn isgetting fuelled by high disposable incomes of theyoung generation (Generation Next). The schemewill invest in companies that have the following characteristics: 1. Companies that seekgrowth in revenues arising out of demand from the younger generation (GenNext) fortheir products or services. 2. They should be engaged in manufacturing of products orrendering of services that go directly to the consumer. 3. The products and servicesshould have distinct brand identity, thereby enabling choice.Fund Manager : Mr. A. Balasubramaniam & Mr. Sanjay ChawlaNAV : Rs.Growth : 16.32Dividend : 13.52Date of inception : August 05, 2005Load Structure (Incl. for SIP):Entry Load* :Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load**:Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - NilBenchmark : S&P CNX NIFTY Average AUM : Rs. 101.67 CroresSystematic Investment Plan (SIP)SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life India GenNext Fund...InvestmentPeriodTotalInvestment(Rs.)Date of First Installment : September 1, 2005Value (Rs.) of SIP in Returns (%)*S&PCNX NIFTYBirla SunLife IndiaGenNextFundS&PCNX NIFTYBirla SunLife IndiaGenNextFundSince Inception 36000 41809 39424 9.99 6.01Last 1 year 12000 10511 10485 -22.34 -22.71The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)*For direct application: Entry Load is Nil.**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Investment PerformanceAsset Allocation2522.30 22.12Consumer Non Durables32.28%2016.6417.31BanksPharmaceuticals8.93%11.48%15Money Market Instruments8.74%% Returns105FinanceMedia & EntertainmentSoftwareTelecom-Services6.97%5.65%4.53%4.38%0-51 Year-2.343 Years Since InceptionConsumer DurablesCash & Current AssetsTextile Products4.09%3.53%2.97%-6.57Retailing2.36%-10Birla Sun Life India GenNext Fund - GrowthS&P CNX NiftyPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more.AutoHotels2.05%2.04%PortfolioIssuer% to NetAssetsConsumer Non Durables 32.28Hindustan Unilever Ltd. 6.39ITC Ltd. 5.89Glaxosmithkline Consumer Healthcare Ltd. 5.52Asian Paints (India) Ltd. 4.04Colgate-Palmolive (India) Ltd. 4.02Dabur India Ltd. 3.83Nestle India Ltd. 1.55Radico Khaitan Ltd 1.03Banks 11.48Federal Bank Ltd. 4.89Axis Bank Ltd. 4.24ING Vysya Bank Ltd. 2.36Pharmaceuticals 8.93Sun Pharmaceutical Industries Ltd. 6.17Glaxosmithkline Pharmaceuticals Ltd. 2.76Issuer% to NetAssetsMoney Market Instruments 8.74State Bank of Patiala 8.74Finance 6.97Housing Development Finance Corporation Ltd. 6.97Media & Entertainment 5.65Zee Entertainment Enterprises Ltd. 3.57Television Eighteen India Ltd. 2.06Jagran Prakashan Ltd. 0.02Software 4.53Everonn Systems India Ltd. 2.40Educomp Solutions Ltd. 1.11Core Projects & Technologies Ltd 1.02Telecom-Services 4.38Bharti Airtel Ltd. 2.45Reliance Communications Ltd. 1.93Issuer% to NetAssetsConsumer Durables 4.09Bajaj Electricals Ltd. 4.09Textile Products 2.97Raymond Ltd. 2.97Retailing 2.36Pantaloon Retail (India) Ltd. 2.36Auto 2.05Bajaj Auto Ltd. 2.05Hotels 2.04Country Club India Ltd. 2.04Cash & Current Assets 3.53Total Net Asset 100.0010

S e p t e m b e r 2 0 0 8Birla Sun Life Advantage FundInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeInvestment PerformanceAn open-ended growth scheme with theobjective to achieve long-term growth of capitalat relatively moderate levels of risk through adiversified research based investmentapproach.Fund Manager : Mr. A. BalasubramaniamNAV : Rs.Growth : 116.69Dividend : 79.59Date of inception : February 24, 1995Benchmark : BSE Sensex Average AUM : Rs. 375.79 Crores*For direct application: Entry Load is Nil.LargeMidSmallLoad Structure (Incl. for SIP)Entry Load*:Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load**:Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Advantage Fund...InvestmentPeriodDate of First Installment : March 01, 1995The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset AllocationTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*BSESensexBirla SunLifeAdvantageFundBSESensexBirla SunLifeAdvantageFundSince Inception 162000 521055 927280 15.98 23.41Last 5 years 60000 102664 89892 21.67 16.21Last 3 years 36000 41643 36618 9.23 0.10Last 1 year 12000 10439 9756 -23.38 -32.9635Banks11.79%% Returns302520151050-5-10-15-20-14.021 Year-4.9415.3623.14Birla Sun Life Advantage Fund - Growth27.9326.44BSE SensexPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more.20.6611.233 Years 5 Years Since InceptionPetroleum ProductsOther EquitySoftwareTelecom-ServicesConsumer Non DurablesIndustrial Capital GoodsCash & Current AssetsPharmaceuticalsFinanceConstructionFerrous MetalsNon - Ferrous MetalsDiversifiedMoney Market InstrumentsAuto4.44%4.36%3.97%3.37%2.67%2.02%8.30%7.67%7.53%7.48%7.21%6.74%6.14%6.01%10.29%PortfolioIssuer% to NetAssetsBanks 11.79HDFC Bank Ltd. 2.48Axis Bank Ltd. 2.37State Bank of India 2.36Kotak Mahindra Bank Ltd. 1.70Bank of India 1.70Punjab National Bank 0.63Union Bank of India 0.55Petroleum Products 10.29Reliance Industries Ltd. 6.78Indian Oil Corporation Ltd. 2.32Bharat Petroleum Corporation Ltd. 1.18Software 7.67Infosys Technologies Ltd. 4.27Core Projects & Technologies Ltd 1.71Satyam Computer Services Ltd. 1.69Telecom-Services 7.53Bharti Airtel Ltd. 3.84Reliance Communications Ltd. 1.92Idea Cellular Ltd. 1.77Consumer Non Durables 7.48United Spirits Ltd. 2.92Balrampur Chini Mills Ltd. 1.99ITC Ltd. 1.98Eveready Industries India Ltd. 0.58Industrial Capital Goods 7.21Bharat Heavy Electricals Ltd. 3.15Issuer% to NetAssetsBharat Electronics Ltd. 1.56Thermax Ltd. 1.43Bharati Shipyard Ltd. 1.08Pharmaceuticals 6.14Glenmark Pharmaceuticals Ltd. 2.41Cipla Ltd. 2.38Ranbaxy Laboratories Ltd. 1.35Finance 6.01Housing Development Finance Corp. Ltd. 3.79Reliance Capital Ltd. 2.22Construction 4.44Larsen & Toubro Ltd. 4.36Dharti Dredging & Construction Ltd. ** 0.09Ferrous Metals 4.36Jindal Steel & Power Ltd. 2.23Welspun Gujarat Stahl Rohren Ltd. 2.13Non - Ferrous Metals 3.97Sterlite Industries (India) Ltd. 2.44Hindalco Industries Ltd. 1.40Hindalco Industries Ltd.- Rights** 0.13Diversified 3.37Aditya Birla Nuvo Ltd. 2.82United Breweries Holdings Ltd. 0.55Money Market Instruments 2.67Tata Sons Ltd. 2.67Issuer% to NetAssetsAuto 2.02Hero Honda Motors Ltd. 2.02Gas 1.75GAIL (India) Ltd. 1.75Power 1.60Reliance Infrastructure Ltd. 1.60Cement 1.28Century Textile & Industries Ltd. 1.28Media & Entertainment 1.09Television Eighteen India Ltd. 1.09Oil 1.07Aban Offshore Ltd. 1.07Fertilisers 0.92Tata Chemicals Ltd. 0.92Heavy Electrical Equipment 0.59Emco Ltd. 0.59Cash & Current Assets 6.74Total Net Asset 100.00**Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 0.22%. Total outstanding exposure in derivatives as on August 29, 2008 is Rs.10.38 Crores (Notional value).11

S e p t e m b e r 2 0 0 8Birla Sun Life Tax Plan”An open-ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 yearsInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeNAV : Rs.Growth* : 10.72Dividend : 51.02*Introduced with effect from 01/10/06Investment PerformanceAn open-ended Equity Linked Savings Scheme(ELSS) with the objective to achieve long-termgrowth of capital along with income tax relieffor investment.Fund Manager : Mr. Sanjay ChawlaDate of inception : February 16, 1999Load Structure :Entry Load* (Except SIP) : Rs. 5 crores - 2.25%Rs. 5 crores - NilEntry Load* (For SIP) : NILExit Load (Incl. for SIP) : NILBenchmark : BSE Sensex Average AUM : Rs. 127.36 Crores*For direct application: Entry Load is Nil.LargeMidSmallSIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Tax Plan…InvestmentPeriodAsset AllocationTotalInvestment(Rs.)Date of First Installment : March 01,1999Value (Rs.) of SIP in Returns (%)*BSESensexBirla SunLife TaxPlanBSESensexBirla SunLife TaxPlanSince Inception 114000 315945 455915 20.48 27.70Last 5 years 60000 102664 97113 21.67 19.37Last 3 years 36000 41344 36909 9.23 1.63Last 1 year 12000 10439 9873 -23.38 -31.35The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)% Returns302520151050-5-10-15-20-13.301 Year-4.9413.7823.14Birla Sun Life Tax Plan - DividendPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more.27.6827.93BSE Sensex23.6116.673 Years 5 Years Since InceptionConsumer Non DurablesBanksIndustrial Capital GoodsPetroleum ProductsCash & Current AssetsPharmaceuticalsFerrous MetalsIndustrial ProductsMinningConstructionPowerFertilisersMedia & EntertainmentOilDiversifiedOther EquityChemicalsTelecom-ServicesTransportationAuto AncillariesRetailingSoftware4.70%3.91%3.85%3.74%3.62%3.43%3.23%3.10%2.88%2.83%2.66%2.37%2.36%2.29%2.07%6.65%6.07%5.92%8.36%7.87%7.59%10.49%Issuer% to NetAssetsConsumer Non Durables 10.49Tata Tea Ltd. 5.03ITC Ltd. 3.72Ruchi Soya Industries Ltd. 1.73Banks 8.36Federal Bank Ltd. 3.39HDFC Bank Ltd. 3.03State Bank of India 1.94Industrial Capital Goods 7.87Siemens Ltd. 2.90Bharat Electronics Ltd. 1.83Bharat Heavy Electricals Ltd. 1.62Bharat Bijlee Ltd. 1.53Petroleum Products 7.59Reliance Industries Ltd. 7.59Pharmaceuticals 6.07Sun Pharmaceutical Industries Ltd. 4.85Ranbaxy Laboratories Ltd. 1.23Ferrous Metals 5.92Tata Steel Ltd. 2.13Maharashtra Seamless Ltd. 1.90Welspun Gujarat Stahl Rohren Ltd. 1.89IssuerPortfolio% to NetAssetsIndustrial Products 4.70TRF Ltd. 2.59Kirloskar Oil Engines Ltd. 2.11Minning 3.91Resurgere Mines & Minerals India Ltd. 3.91Construction 3.85JMC Projects India Ltd. 2.12Larsen & Toubro Ltd. 1.74Power 3.74Tata Power Company Ltd. 3.74Fertilisers 3.62Tata Chemicals Ltd. 3.62Media & Entertainment 3.43Zee Entertainment Enterprises Ltd. 3.43Oil 3.23Oil & Natural Gas Corporation Ltd. 3.23Diversified 3.10Aditya Birla Nuvo Ltd. 3.10Chemicals 2.83Solar Explosives Ltd. 2.83Issuer% to NetAssetsTelecom-Services 2.66Reliance Communications Ltd. 2.66Transportation 2.37Mundra Port and Special Economic Zone Ltd. 2.37Auto Ancillaries 2.36Goodyear India Ltd. 2.36Retailing 2.29Pantaloon Retail (India) Ltd. 2.29Software 2.07Infosys Technologies Ltd. 2.07Finance 1.45Infrastructure Development Finance Company Ltd. 1.45Auto 1.43Bajaj Auto Ltd. 1.43Cash & Current Assets 6.65Total Net Asset 100.00“Name of the scheme has been changed w.e.f. 23/06/08. Erstwhile: Birla Equity Plan12

S e p t e m b e r 2 0 0 8Birla Sun Life Index FundInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeLargeMidSmallNAV : Rs.Growth : 43.66Dividend : 16.90An open-ended index-linked growth schemewith the objective to generate returnscommensurate with the performance ofNifty subject to tracking errors.Fund Manager : Mr. Ajay GargDate of inception : September 18, 2002Load Structure (Incl. for SIP)Entry Load : NILExit Load : NILExit Load : Rs. 5 crores -1% if redeemedwef. 1st Sept , 08 / switched out within 15 daysRs. 5 crores - NilBenchmark : S & P CNX Nifty Average AUM : Rs. 34.71 CroresSIP is a powerful tool that can help you create wealth over time. If you had invested in BirlaSun Life Index Fund…InvestmentPeriodTotalInvestment(Rs.)Date of First Installment : October 1, 2002Value (Rs.) of SIP in Returns (%)*S&PCNX NIFTYBirla SunLife IndexFundS&PCNX NIFTYBirla SunLife IndexFundSince Inception 71000 146427 142638 24.45 23.54Last 5 years 60000 100111 97538 20.63 19.55Last 3 years 36000 41809 41067 9.99 8.77Last 1 year 12000 102664 89892 21.67 16.21The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 ofreturn)Investment PerformanceAsset Allocation30252021.8322.3025.3526.2728.1128.43Cash & Current AssetsPetroleum ProductsSoftwareTelecom-Services8.46%8.09%11.58%22.58%% Returns1510OilPowerBanksOther Equity7.77%6.79%6.62%6.38%5Construction5.49%0-5-1.481 Year-2.343 Years 5 Years Since InceptionBirla Sun Life Index Fund - GrowthS&P CNX NiftyIndustrial Capital GoodsConsumer DurablesFerrous MetalsNon-Ferrous Metals4.53%3.68%3.20%2.54%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more.Pharmaceuticals2.29%PortfolioIssuer% to NetAssetsPetroleum Products 11.58Reliance Industries Ltd. 9.17Reliance Petroleum Ltd. 2.09Bharat Petroleum Corporation Ltd. 0.32Software 8.46Infosys Technologies Ltd. 2.95Tata Consultancy Services Ltd. 2.35Wipro Ltd. 1.87Satyam Computer Services Ltd. 0.83HCL Technologies Ltd. 0.46Telecom-Services 8.09Bharti Airtel Ltd. 4.70Reliance Communications Ltd. 2.41Idea Cellular Ltd. 0.64Tata Communications Ltd. 0.35Oil 7.77Oil and Natural Gas Corporation Ltd. 6.46Cairn India Ltd. 1.30Power 6.79NTPC Ltd. 4.26Power Grid Corporation of India Ltd. 1.16Reliance Infrastructure Ltd. 0.69Tata Power Company Ltd. 0.68Banks 6.62State Bank of India 2.62Issuer% to NetAssetsICICI Bank Ltd. 2.21HDFC Bank Ltd. 1.34Punjab National Bank 0.45Construction 5.49DLF Ltd. 2.49Larsen & Toubro Ltd. 2.24Unitech Ltd. 0.76Industrial Capital Goods 4.53Bharat Heavy Electricals Ltd. 2.47Suzlon Energy Ltd. 0.97ABB Ltd. 0.55Siemens Ltd. 0.55Consumer Durables 3.68ITC Ltd. 2.10Hindustan Unilever Ltd. 1.59Ferrous Metals 3.20Steel Authority of India Ltd. 1.90Tata Steel Ltd. 1.30Non-Ferrous Metals 2.54Sterlite Industries (India) Ltd. 1.32National Aluminium Company Ltd. 0.74Hindalco Industries Ltd. 0.44Hindalco Industries Ltd. - Right Shares** 0.04Issuer% to NetAssetsPharmaceuticals 2.29Sun Pharmaceutical Industries Ltd. 0.87Ranbaxy Laboratories Ltd. 0.57Cipla Ltd. 0.56Dr. Reddys Laboratories Ltd. 0.29Auto 1.96Maruti Udyog Ltd. 0.55Tata Motors Ltd. 0.50Hero Honda Motors Ltd. 0.49Mahindra & Mahindra Ltd. 0.42Finance 1.95Housing Development Finance Corporation. Ltd. 1.95Cement 1.20Grasim Industries Ltd. 0.53Ambuja Cements Ltd. 0.36The Associated Cement Companies Ltd. 0.31Gas 0.99GAIL India Ltd. 0.99Media & Entertainment 0.28Zee Entertainment Enterprises Ltd. 0.28Cash & Current Assets 22.58Total Net Asset 100.00** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 0.04%. Total outstanding exposure in derivatives as on August 29, 2008 is Rs.7.63 Crores (Notional value).13

S e p t e m b e r 2 0 0 8Birla Sun Life New Millennium FundInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeLargeMidSmallA multi-sector open-ended growth scheme withthe objective of long term growth of capital,through a portfolio with a target allocation of100% equity, focusing on investing intechnology and technology dependentcompanies, hardware, peripherals andcomponents, software, telecom, media,internet and e-commerce and other technologyenabled companies.Fund Manager : Mr. Atul PenkarDate of inception : January 15, 2000SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life New Millennium Fund...InvestmentPeriodTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*BSE TeckBirla Sun LifeNew MillenniumFundBSE TeckBirla Sun LifeNew MillenniumFundSince Inception 102000 216639 236719 17.16 19.15Last 5 years 60000 90661 89724 16.55 16.13Last 3 years 36000 36666 34858 1.20 -2.09Last 1 year 12000 10731 10122 -19.16 -27.88NAV : Rs.Growth : 16.54Dividend : 13.10Load Structure (Incl. for SIP)Entry Load*:Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load**:Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - NilDate of First Installment : March 01, 2000The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Benchmark : BSE Teck Average AUM : Rs. 71.79 Crores*For direct application: Entry Load is Nil.**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Investment PerformanceAsset Allocation403028.9128.39Software43.12%% Returns201001 Year14.4312.446.013 Years 5 Years Since InceptionTelecom-ServicesMedia & Entertainment13.53%28.24%-10-20-15.29-18.91Cash & Current Asset8.66%-30Birla Sun Life New Millennium Fund - GrowthBSE TeckHardware6.45%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more. When benchmark returns are not available, they have not been shown.Issuer% to NetAssetsSoftware 43.12Infosys Technologies Ltd. 10.25Satyam Computer Services Ltd. 8.783i Infotech Ltd. 5.36Megasoft Ltd. 3.65Core Projects & Technologies Ltd. 2.92Infotech Enterprises Ltd. 2.76Tanla Solutions Ltd. 2.52Tata Consultancy Services Ltd. 2.12I-Flex Solutions Ltd. 1.90Subex Ltd. 1.60** Represents thinly traded / non traded securitiesIssuerPortfolio% to NetAssetsTech Mahindra Ltd. 1.27Telecom-Services 28.24Bharti Airtel Ltd. 11.67Reliance Communications Ltd. 8.90Idea Cellular Ltd. 4.60Spice Communications Ltd. 3.07Media & Entertainment 13.53Jagran Prakashan Ltd. 3.48Zee Entertainment Enterprises Ltd. 3.03PVR Ltd. 2.42Issuer% to NetAssetsBalaji Telefilms Ltd. 2.37ETC Networks Ltd. 2.22Magnasound India Ltd. ** 0.00Hardware 6.45Allied Digital Services Ltd. 6.23HCL Infosystems Ltd. 0.22Cash & Current Assets 8.66Total Net Asset 100.0014

S e p t e m b e r 2 0 0 8Birla Sun Life Top 100 FundInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeNAV : Rs.Growth : 15.42Dividend : 12.64Investment PerformanceAn open-ended growth scheme with theobjective to provide medium to longtermc a p i t a l a p p r e c i a t i o n , b y i n v e s t i n gpredominantly in a diversified portfolio ofequity and equity related securities of top 100companies as measured by marketcapitalization.Fund Manager : Mr. Ajay ArgalDate of inception : October 24, 2005Benchmark : S & P CNX Nifty Average AUM : Rs. 323.76 Crores*For direct application: Entry Load is Nil.LargeMidSmallLoad Structure (Incl. for SIP):Entry Load* :Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load**:Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Top 100 Fund...InvestmentPeriodDate of First Installment : November 1, 2005The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset AllocationTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*S&PCNX NIFTYBirla SunLife Top100 FundS&PCNX NIFTYBirla SunLife Top100 FundSince Inception 34000 38339 34471 8.46 0.95Last 1 year 12000 10511 10074 -22.34 -28.55302523.40Petroleum ProductsBanks9.78%11.83%201516.42Money Market InstrumentsConsumer Non DurablesOther Equity9.11%9.00%8.59%% Returns1050-5-10-10.311 Year-2.34Since InceptionOilTelecom-ServicesSoftwareCash & Current AssetsIndustrial Capital GoodsFinancePharmaceuticals4.33%8.02%7.98%7.55%7.02%6.25%5.52%-15Birla Sun Life Top 100 Fund - GrowthS&P CNX NiftyPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more.Auto AncillariesGas2.56%2.46%PortfolioIssuer% to NetAssetsPetroleum Products 11.83Reliance Industries Ltd. 9.71Reliance Petroleum Ltd. 2.13Banks 9.78Bank of India 2.93ICICI Bank Ltd. 2.51Oriental Bank of Commerce 2.35Axis Bank Ltd. 1.99Money Market Instruments 9.11ABN AMRO Bank 7.57State Bank of Patiala 1.55Consumer Non Durables 9.00ITC Ltd. 4.11Hindustan Unilever Ltd. 2.48Nestle India Ltd. 2.41Oil 8.02Oil & Natural Gas Corporation Ltd. 5.77Cairn India Ltd. 2.26Telecom-Services 7.98Bharti Airtel Ltd. 5.42Issuer% to NetAssetsReliance Communications Ltd. 2.56Software 7.55Infosys Technologies Ltd. 4.96Tata Consultancy Services Ltd. 2.21Subex Ltd. 0.39Industrial Capital Goods 6.25Bharat Heavy Electricals Ltd. 4.30Bharat Electronics Ltd. 1.95Finance 5.52Housing Development Finance Corporation Ltd. 4.37Infrastructure Development Finance Corporation Ltd. 1.14Pharmaceuticals 4.33Sun Pharmaceutical Industries Ltd. 2.53Dr. Reddys Laboratories Ltd. 1.80Auto Ancillaries 2.56Bosch Limited. 2.56Gas 2.46GAIL (India) Ltd. 2.46Issuer% to NetAssetsPower 1.79CESC Ltd. 1.79Transportation 1.57Great Eastern Shipping Company Ltd. 1.57Fertilisers 1.53Tata Chemicals Ltd. 1.53Media & Entertainment 1.31Zee Entertainment Enterprises Ltd 1.31Ferrous Metals 1.29Welspun Gujarat Stahl Rohren Ltd. 1.29Construction 1.10Larsen & Toubro Ltd. 1.10Cash & Current Assets 7.02Total Net Asset 100.00Total outstanding exposure in derivatives as on Aug 29, 2008 is Rs 3.17 Crore (Notional value).15

S e p t e m b e r 2 0 0 8Birla Sun Life Buy India FundInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeLargeMidSmallA multi-sector open-ended growth scheme withthe objective of long term growth of capital,through a portfolio with a target allocation of100% equity, focusing on investing inbusinesses that are driven by India's largepopulation and inherent consumption patterns.The focus of the scheme will be in the consumerand healthcare sectors.Fund Manager : Mr. Ajay GargDate of inception : January 15, 2000SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Buy India Fund...InvestmentPeriodTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*BSE 200 Birla Sun Life BSE 200Buy IndiaFundBirla Sun LifeBuy IndiaFundSince Inception 102000 286149 312943 23.41 25.42Last 5 years 60000 98531 101254 19.97 21.10Last 3 years 36000 41009 37069 8.67 1.92Last 1 year 12000 10287 10743 -25.54 -18.99NAV : Rs.Growth : 26.60Dividend : 18.68Load Structure (Incl. for SIP)Entry Load*:Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load**:Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - NilDate of First Installment : March 01, 2000The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Benchmark : BSE 200 Average AUM : Rs. 47.18 Crores*For direct application: Entry Load is Nil.**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Investment PerformanceAsset Allocation3532.51Consumer Non Durables24.27%30252020.7726.36PharmaceuticalsMedia & EntertainmentFinance10.12%10.08%16.12%% Returns151050-5-1013.1311.6412.011 Year3 Years 5 Years Since Inception-4.08-5.19Birla Sun Life Buy India Fund - Growth BSE 200PesticidesBanksHotelsAutoTelecom-ServicesGasDiversified8.91%7.43%6.12%5.50%4.02%3.41%2.29%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more.Cash & Current Assets1.73%PortfolioIssuer% to NetAssetsConsumer Non Durables 24.27Tata Tea Ltd. 5.24United Spirits Ltd. 4.09E.I.D. Parry (India) Ltd. 3.84Shaw Wallace Company Ltd. 3.52ITC Ltd. 3.39Radico Khaitan Ltd 2.28Marico Ltd. 1.91Pharmaceuticals 16.12Sun Pharmaceutical Industries Ltd. 7.80Glaxosmithkline Pharmaceuticals Ltd. 4.38Aventis Pharma Ltd. 3.08Pfizer Ltd. 0.86Media & Entertainment 10.12UTV Software Communications Ltd. 5.07PVR Ltd. 2.55Television Eighteen India Ltd. 2.51**Represents thinly traded/non traded securities.Issuer% to NetAssetsMagnasound India Ltd. ** 0.00Finance 10.08Reliance Capital Ltd. 3.92Housing Development Finance Corporation Ltd. 3.71India Infoline Ltd. 2.45Pesticides 8.91Rallis India Ltd. 8.91Banks 7.43ICICI Bank Ltd. 3.41Axis Bank Ltd. 2.06Kotak Mahindra Bank Ltd. 1.96Hotels 6.12Taj GVK Hotels & Resorts Ltd. 3.32Asian Hotels Ltd. 2.80Issuer% to NetAssetsAuto 5.50Maruti Suzuki India Ltd. 5.50Telecom-Services 4.02Bharti Airtel Ltd. 3.18Reliance Communications Ltd. 0.84Gas 3.41Indraprastha Gas Ltd. 3.41Diversified 2.29United Breweries Holdings Ltd. 2.29Retailing 0.00Trent Ltd. - Warrants ** 0.00Cash & Current Assets 1.73Total Net Asset 100.0016

S e p t e m b e r 2 0 0 8Birla Sun Life MNC FundInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeInvestment PerformanceAn open-ended growth scheme with theobjective to achieve long-term growth of capitalat relatively moderate levels of risk by makinginvestments in securities of multi-nationalcompanies through a research basedinvestment approach.Fund Manager : Mr. A. BalasubramaniamNAV : Rs.Growth : 111.66Dividend : 55.97Date of inception : December 27, 1999Benchmark : S & P CNX MNC Average AUM : Rs. 138.29 Crores*For direct application: Entry Load is Nil.LargeMidSmallLoad Structure (Incl. for SIP)Entry Load* : < Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load** : Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life MNC Fund…InvestmentPeriodDate of First Installment : January 01, 2000The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset AllocationTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*S&PCNX MNCBirla SunLife MNCFundS&PCNX MNCBirla SunLife MNCFundSince Inception 104000 192728 253500 13.80 19.83Last 5 years 60000 84821 83557 13.84 13.23Last 3 years 36000 36280 35280 0.51 -1.31Last 1 year 12000 10622 10622 -20.74 -20.74504038.42Consumer Non DurablesPharmaceuticals14.88%17.20%% Returns3020100-10-10.611 Year15.5312.1319.6624.107.133 Years 5 Years Since InceptionIndustrial Capital GoodsFinanceBanksIndustrial ProductsTelecom-ServicesGasMoney Market InstrumentsFerrous Metals6.43%5.43%4.84%3.58%3.42%8.70%10.85%14.31%-20-30-22.77Birla Sun Life MNC Fund - GrowthS&P CNX MNCPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more.Auto AncillariesAutoCash & Current AssetsOther Equity3.19%2.81%2.59%1.76%Issuer% to NetAssetsConsumer Non Durables 17.20Glaxosmithkline Consumer Healthcare Ltd. 4.74Colgate-Palmolive (India) Ltd. 4.16ITC Ltd. 4.08Kansai Nerolac Paints Ltd. 2.45Hindustan Unilever Ltd. 1.77Pharmaceuticals 14.88Pfizer Ltd. 5.18Glaxosmithkline Pharmaceuticals Ltd. 3.81Fulford (India) Ltd. 3.21Wyeth Ltd. 2.68Industrial Capital Goods 14.31Areva T&D India Ltd. 3.85ABB Ltd. 3.17Honeywell Automation India Ltd. 2.81Siemens Ltd. 2.41Alstom Projects India Ltd. 2.08Issuer** Represents thinly traded / non traded securities. Total Percentage of thinly/non traded securities is 1.27%.Portfolio% to NetAssetsFinance 10.85CRISIL Ltd. 6.81ICRA Ltd. 4.04Banks 8.70ING Vysya Bank Ltd. 5.22Yes Bank Ltd. 3.48Industrial Products 6.43Cummins India Ltd. 5.40Fag Bearings India Ltd. 1.03Telecom-Services 5.43Bharti Airtel Ltd. 5.43Gas 4.84Gujarat Gas Co. Ltd. 4.84Money Market Instruments 3.58State Bank of Patiala 3.58Issuer% to NetAssetsFerrous Metals 3.42Sesa Goa Ltd. 3.42Auto Ancillaries 3.19Wabco-Tvs (India) Ltd. ** 1.27Sundaram-Clayton Ltd. 1.07Federal Mogul Goetze (India) Ltd. 0.85Auto 2.81Maruti Suzuki India Ltd. 2.81Construction 1.76ITD Cementation India Ltd. 1.76Cash & Current Assets 2.59Total Net Asset 100.0017

S e p t e m b e r 2 0 0 8Birla Sun Life India Opportunities FundInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeLargeMidSmallAn open-ended growth scheme with theobjective to achieve superior long-term growthof capital by investing in shares of companiesthat do one or more of the following: LeverageIndia's intellectual capital for providingservices, research and creative inputs; Seek touse current and impending changes in patentlaws / import tariffs / quotas to supply goods and services; Leverage India's lowerlabour costs for providing services and manufactured goods; Leverage India's largepopulation of English speaking people for providing services.NAV : Rs.Growth : 40.46Dividend : 17.37Fund Manager : Mr. Atul PenkarDate of inception : December 27, 1999Load Structure (Incl. for SIP)Entry Load*:Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load**:Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - NilSIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life India Opportunities Fund...InvestmentPeriodTotalInvestment(Rs.)Date of First Installment : January 01, 2000Value (Rs.) of SIP in Returns (%)*S&PCNX 500Birla Sun LifeIndiaOpportunitiesFundS&PCNX 500Birla Sun LifeIndiaOpportunitiesFundSince Inception 104000 283458 221651 22.28 16.88Last 5 years 60000 95771 74047 18.80 8.36Last 3 years 36000 39789 31703 6.63 -8.11Last 1 year 12000 10224 9706 -26.44 -33.64The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Benchmark : S & P CNX 500 Average AUM : Rs. 51.92 Crores*For direct application: Entry Load is Nil.**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Investment PerformanceAsset Allocation3025.93Software26.30%20107.3117.9720.836.3613.61Industrial Capital GoodsCash & Current AssetsPetroleum ProductsConstruction5.11%7.81%14.17%15.56%% Returns0-101 Year-6.013 Years 5 Years Since InceptionOther EquityIndustrial ProductsFinanceTelecom-Services5.07%4.14%4.02%3.75%-20-20.21PharmaceuticalsConsumer Non Durables3.47%3.32%-30Birla Sun Life India Opportunities Fund - Growth S&P CNX 500Consumer DurablesNon - Ferrous Metals2.65%2.43%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more.Hardware2.19%PortfolioIssuer% to NetAssetsSoftware 26.30Satyam Computer Services Ltd. 8.94Infosys Technologies Ltd. 4.383i Infotech Ltd. 4.28Tanla Solutions Ltd. 3.18Infotech Enterprises Ltd. 2.27Core Projects & Technologies Ltd 2.03I-Flex Solutions Ltd. 1.22Industrial Capital Goods 15.56Crompton Greaves Ltd. 4.56Honeywell Automation India Ltd. 3.81Suzlon Energy Ltd. 3.02AIA Engineering Ltd. 2.44Bharat Heavy Electricals Ltd. 1.73Petroleum Products 7.81Reliance Industries Ltd. 7.81Construction 5.11Larsen & Toubro Ltd. 3.01Punj Lloyd Ltd. 2.10Issuer% to NetAssetsIndustrial Products 4.14Sintex Industries Ltd. 2.99Shree Ganesh Forgings Ltd. 0.70Everest Kanto Cylinder Ltd. 0.45Finance 4.02CRISIL Ltd. 4.02Telecom-Services 3.75Reliance Communications Ltd. 3.75Pharmaceuticals 3.47Sun Pharmaceutical Industries Ltd. 2.11Aventis Pharma Ltd. 0.69Dr. Reddys Laboratories Ltd. 0.67Consumer Non Durables 3.32Hanung Toys & Textiles Ltd. 3.32Consumer Durables 2.65Voltas Ltd. 2.65Issuer% to NetAssetsNon - Ferrous Metals 2.43Sterlite Industries (India) Ltd. 2.43Hardware 2.19Allied Digital Services Ltd. 2.19Fertilisers 1.82Tata Chemicals Ltd. 1.82Oil 1.61Aban Offshore Ltd. 1.61Textile Products 0.93Raymond Ltd. 0.93Ferrous Metals 0.70Welspun Gujarat Stahl Rohren Ltd. 0.70Cash & Current Assets 14.17Total Net Asset 100.00Total outstanding exposure in derivatives as on August 29, 2008 is Rs.1.90 Crores (Notional value).18

S e p t e m b e r 2 0 0 8Birla Sun Life Dividend Yield PlusInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeLargeMidSmallAn open-ended growth scheme with theobjective to provide capital growth and incomeby investing primarily in a well-diversifiedportfolio of dividend paying companies thathave a relatively high dividend yield.SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Dividend Yield Plus...InvestmentPeriodTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*S&PCNX 500Birla SunLife DividendYield PlusS&PCNX 500Birla SunLife DividendYield PlusNAV : Rs.Growth : 44.08Dividend : 9.90Fund Manager : Mr. Ankit SanchetiDate of inception : February 26, 2003Benchmark : S & P CNX 500 Average AUM : Rs. 233.16 Crores*For direct application: Entry Load is Nil.Investment PerformanceLoad Structure (Incl. for SIP)Entry Load*:Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load**:Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Since Inception 66000 122153 107430 22.45 17.69Last 5 years 60000 95771 83714 18.80 13.31Last 3 years 36000 39789 37242 6.63 2.22Last 1 year 12000 10224 10638 -26.44 -20.51Date of First Installment : March 01, 2003The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset Allocation% Returns3530252015109.9717.9722.9225.9330.9032.09Money Market InstrumentsConsumer Non DurablesPetroleum ProductsBanksOther EquityPharmaceuticalsFertilisersTransportation4.79%6.04%10.64%10.09%9.74%9.47%13.58%14.24%5Oil4.51%0-5-101 Year-4.62-6.013 Years 5 Years Since InceptionBirla Sun Life Dividend Yield Plus - Growth S&P CNX 500PowerPaperChemicalsCash & Current AssetsGas3.67%3.36%2.94%2.59%2.32%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more.Industrial Products2.02%PortfolioIssuer% to NetAssetsMoney Market Instruments 14.24State Bank of Patiala 8.35Canara Bank 3.75National Bank for Agriculture & Rural Devevelopment 2.14Consumer Non Durables 13.58Glaxosmithkline Consumer Healthcare Ltd. 2.60Colgate-Palmolive (India) Ltd. 2.36Kansai Nerolac Paints Ltd. 1.92Hindustan Unilever Ltd. 1.48Procter & Gamble Hygiene & Health Care Ltd. 1.42Berger Paints India Ltd. 1.36Shaw Wallace Company Ltd. 1.24Eveready Industries India Ltd. 1.20Petroleum Products 10.64Apar Industries Ltd. 2.57Hindustan Petroleum Corporation Ltd. 2.39Bharat Petroleum Corporation Ltd. 2.02Indian Oil Corporation Ltd. 1.85Castrol (India) Ltd. 1.82Banks 10.09Bank of Baroda 2.14Union Bank of India 2.10Andhra Bank 1.78Allahabad Bank 1.63Indian Overseas Bank 1.57Oriental Bank of Commerce 0.87Pharmaceuticals 9.47Wyeth Ltd. 4.38Glaxosmithkline Pharmaceuticals Ltd. 3.77Issuer% to NetAssetsPfizer Ltd. 1.32Fertilisers 6.04Tata Chemicals Ltd. 2.86Rashtriya Chemicals & Fertilizers Ltd. 1.95Gujarat Narmada Valley Fertilisers Co. Ltd. 0.78DCM Shriram Consolidated Ltd. 0.45Transportation 4.79Great Eastern Shipping Company Ltd. 2.31Gateway Distriparks Ltd. 1.91Varun Shipping Company Ltd. 0.58Oil 4.51Oil & Natural Gas Corporation Ltd. 4.51Power 3.67Neyveli Lignite Corporation Ltd. 2.08KEC International Ltd. 1.59Paper 3.36Tamil Nadu Newsprint & Papers Ltd. 3.36Chemicals 2.94Clariant Chemicals (India) Ltd. 2.94Gas 2.32GAIL (India) Ltd. 1.37Indraprastha Gas Ltd. 0.95Industrial Products 2.02Cosmo Films Ltd. 1.64Finolex Cables Ltd. 0.36Issuer% to NetAssetsKirloskar Brothers Ltd. 0.03Finance 1.83Indiabulls Securities Limited. 1.25Power Finance Corporation Ltd 0.55Octav Investments Limited. 0.02Auto 1.73Hero Honda Motors Ltd. 0.90Bajaj Auto Ltd. 0.83Hardware 1.71HCL Infosystems Ltd. 1.71Ferrous Metals 1.47Tata Metaliks Ltd. 0.82Tata Steel Ltd. 0.65Auto Ancillaries 1.46Goodyear India Ltd. 0.55WABCO-TVS (INDIA) LTD. ** 0.49Sundaram-Clayton Ltd. 0.42Media & Entertainment 1.05Balaji Telefilms Ltd. 1.05Consumer Durables 0.51Salora International Ltd. 0.51Cash & Current Assets 2.59Total Net Asset 100.00**Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 0.49%.19

S e p t e m b e r 2 0 0 8Birla Sun LifeInternational Equity Fund - Plan AInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeLargeMidSmallAn open-ended diversified equity scheme withan objective to generate long-term growth ofcapital, by investing predominantly in adiversified portfolio of equity and equity relatedsecurities in the international markets.Fund Manager : Mr. Mahesh Patil & Mr. Vineet MalooNAV : Rs.Growth : 9.49Dividend : 9.49Date of inception : October 31, 2007Benchmark : S&P Global 1200 Average AUM : Rs. 191.64 Crores*For direct application: Entry Load is Nil.Investment PerformanceLoad Structure (Incl. for SIP)Entry Load* : Rs. 5 crores - 2.50%Rs. 5 crores - NilExit Load** : 5 Crores - 1% if redeemed /switched out within 12 monthsRs. 5 crores - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life International Equity Fund - Plan A (BSLIEF - Plan A)...Your Total Investment Rs. 9,000Value of Your Investment Rs. 8,725Value of Benchmark (S&P Global 1200) Rs. 8,754Return on Investment (CAGR)* -7.32%Benchmark (S&P Global 1200) Returns (CAGR)* -6.65%Date of First Installment : December 01, 2007The data assumes the investment of Rs. 1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset Allocation0.00Since Inception-2.00Foreign Equity89.25%-4.00% Returns-6.00-5.13Money Market Instruments9.98%-8.00-10.00-11.1-12.00Birla Sun Life International Equity Fund - Plan A - Growth S&P Global 1200Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 yearCash & Current Assets0.78%PortfolioIssuer% to NetAssetsForeign Equity 89.25Aetna Inc New 1.95Airgas Inc 1.54Akzo Nobel NV 2.07Au Optronics Corp 1.72Bayer AG 2.38Bayerische Motoren Werke Ag - BMW 0.84Bumiputra-Commerce Holdings Ltd 1.80Cheung Kong Intl holding Ltd. 2.94China Construction Bank 2.18China Mobile (Hk) Ltd. 1.50China Oilfield Services Ltd. 1.47Chubb Corp 1.12Coca Cola Co 2.31Cooper Industries Ltd. 2.25DSV A/S 1.95Esprit Holdings Ltd 1.63Foxconn International Holdings Ltd. 0.86Issuer% to NetAssetsGenting Bhd (Cds) 1.77Industrial and Commercial Bank of China Asia Ltd 2.20JP Morgan Chase & Co 1.96LG Electronics Inc 0.14Metso Corporation 1.14Microsoft Corportion Ltd. 1.84Mtr Corp Ltd. 2.13Nestle SA 2.61Nobel Corp 2.44Northrop Grumman Co 2.14Oracle Corporation Ltd. 1.55Pride International Inc 3.18Procter & Gamble Co 2.80Public Bank Bhd (Local) (Cds) 2.02Reckitt Benckiser Plc 2.30Renewable Enrgy Corp 2.77Roche Holding AG Gen 2.03Schneider Electric SA 2.01Issuer% to NetAssetsSingapore Airlines Ltd. 2.20Statoilhydro ASA 2.71Taiwan Semiconductor Mfg. Company Ltd. - ADR 2.82Telenor ASA 1.86Teva Pharmaceutical Industries Ltd. - ADR 2.58Unibanco Holding GDR 2.32Venture Corporation 2.47Vimpel Communication 1.54Wharf Holdings Ltd. 1.78Wimm Bill Dann Foods OJSC - ADR 1.43Money Market Instruments 9.98State Bank of Patiala 9.98Cash & Current Assets 0.78Total Net Asset 100.0020

S e p t e m b e r 2 0 0 8Birla Sun LifeInternational Equity Fund - Plan BAs on August 31, 2008Investment Style BoxInvestment ObjectiveSystematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeLargeMidSmallAn open-ended diversified equity scheme withan objective to generate long-term growth ofcapital, by investing predominantly in adiversified portfolio of equity and equity relatedsecurities in the domestic and internationalmarkets.Fund Manager : Mr. Mahesh Patil & Mr. Vineet MalooNAV : Rs.Growth : 7.73Dividend : 7.73Date of inception : October 31, 2007SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life International Equity Fund - Plan B (BSLIEF - Plan B)...Date of First Installment : December 01, 2007The data assumes the investment of Rs. 1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateBenchmark:Customised Index† Average AUM : Rs. 633.38 Croresof 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. †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.*For direct application: Entry Load is Nil.Load Structure (Incl. for SIP)Entry Load* : Rs. 5 crores - 2.50%Rs. 5 crores - NilExit Load** : 5 Crores - 1% if redeemed /switched out within 12 monthsRs. 5 crores - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Your Total Investment Rs. 9,000Value of Your Investment Rs. 7,899Value of Benchmark (Customised Index†) Rs. 8,139Return on Investment (CAGR)* -27.72%Benchmark (Customised Index†) Returns (CAGR)* -22.04%Investment PerformanceAsset Allocation-19.5Since InceptionForeign Equity30.44%-20Money Market InstrumentsBanks7.15%15.04%% Returns-20.5-21-21.5-20.74Petroleum ProductsIndustrial Capital GoodsOther EquityTelecom-ServicesFinance6.03%5.91%5.73%4.72%4.57%-22Consumer Non DurablesSoftware4.39%3.86%-22.5Cash & Current Assets3.46%-22.72-23Birla Sun Life International Equity Fund - Plan B - Growth 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.Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more.ConstructionOilPower3.11%2.85%2.74%PortfolioIssuer% to NetAssetsForeign Equity 30.44Aetna Inc New 0.67Airgas Inc 0.48Akzo Nobel NV 0.70Au Optronics Corp 0.53Bayer AG 0.80Bayerische Motoren Werke Ag - BMW 0.26Bumiputra-Commerce Holdings Ltd 0.60Cheung Kong Intl holding Ltd. 1.01China Construction Bank 0.73China Mobile (Hk) Ltd. 0.53China Oilfield Services Ltd. 0.50Chubb Corp 0.35Coca Cola Co 0.82Cooper Industries Ltd. 0.76DSV A/S 0.66Esprit Holdings Ltd 0.59Foxconn International Holdings Ltd. 0.30Genting Bhd (Cds) 0.59Industrial and Commercial Bank of China Asia Ltd 0.76JP Morgan Chase & Co 0.66LG Electronics Inc 0.05Metso Corporation 0.39Microsoft Corportion Ltd. 0.62Mtr Corp Ltd. 0.73Nestle SA 0.87Nobel Corp 0.83Northrop Grumman Co 0.74Oracle Corporation Ltd. 0.52Pride International Inc 1.07Procter & Gamble Co 0.99Public Bank Bhd (Local) (Cds) 0.72Reckitt Benckiser Plc 0.78Renewable Enrgy Corp 0.98Roche Holding AG Gen 0.67Schneider Electric SA 0.69Singapore Airlines Ltd. 0.64Statoilhydro ASA 0.92Taiwan Semiconductor Mfg. Company Ltd. - ADR 1.02Telenor ASA 0.66Teva Pharmaceutical Industries Ltd. - ADR 0.97Unibanco Holding GDR 0.79Venture Corporation 0.88Issuer% to NetAssetsVimpel Communication 0.51Wharf Holdings Ltd. 0.61Wimm Bill Dann Foods OJSC - ADR 0.49Money Market Instruments 15.04ICICI Bank Ltd. 9.99National Bank for Agriculture & Rural Development 5.05Banks 7.15HDFC Bank Ltd. 1.65Punjab National Bank 1.45ICICI Bank Ltd. 1.31ING Vysya Bank Ltd. 0.96Axis Bank Ltd. 0.96Union Bank of India 0.82Petroleum Products 6.03Reliance Industries Ltd. 5.32Reliance Petroleum Ltd. 0.72Industrial Capital Goods 5.91Crompton Greaves Ltd. 2.17Bharat Heavy Electricals Ltd. 2.15Suzlon Energy Ltd. 0.95Bharat Electronics Ltd. 0.64Telecom-Services 4.72Bharti Airtel Ltd. 3.37Reliance Communications Ltd. 1.34Finance 4.57Housing Development Finance Corp. Ltd. 2.18ICRA Ltd. 1.52India Infoline Ltd. 0.87Octav Investments Limited. 0.00Consumer Non Durables 4.39ITC Ltd. 2.06Colgate-Palmolive (India) Ltd. 1.60United Spirits Ltd. 0.73Software 3.86Infosys Technologies Ltd. 2.79Issuer% to NetAssetsSatyam Computer Services Ltd. 1.08Construction 3.11Larsen & Toubro Ltd. 2.42D.S. Kulkarni Developers Ltd. 0.68Oil 2.85Oil & Natural Gas Corporation Ltd. 2.85Power 2.74Tata Power Company Ltd. 1.20GVK Power & Infrastructure Ltd. 1.07NTPC Ltd. 0.47Media & Entertainment 1.32Zee Entertainment Enterprises Ltd 1.32Gas 1.04GAIL (India) Ltd. 1.04Fertilisers 0.79Tata Chemicals Ltd. 0.79Ferrous Metals 0.76Welspun Gujarat Stahl Rohren Ltd. 0.76Diversified 0.55United Breweries Holdings Ltd. 0.40Aditya Birla Nuvo Ltd. 0.15Pharmaceuticals 0.55Ranbaxy Laboratories Ltd. 0.55Non - Ferrous Metals 0.50Sterlite Industries (India) Ltd. 0.50Auto 0.23Maruti Suzuki India Ltd. 0.23Cash & Current Assets 3.46Total Net Asset 100.00Total outstanding exposure in derivatives as on August 29, 2008 is Rs 54.50 Crores (Notional value).21

S e p t e m b e r 2 0 0 8Birla Sun LifeSpecial Situations FundAs on August 31, 2008Investment Style BoxInvestment ObjectiveSystematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeAn open-ended diversified equity scheme withan objective of the scheme is to generate longtermgrowth of capital by investing in a portfolioof equity and equity related securities. TheScheme would follow an investment strategythat would take advantage of Special Situations& Contrarian investment style.Fund Manager : Mr. A. Balasubramanian & Mr. Jignesh ShahNAV : Rs.Growth : 7.98Dividend : 7.98Benchmark : BSE 200Average AUMLargeMidSmallDate of inception : Jan 31, 2008: Rs. 625.32 Crs*For direct application: Entry Load is Nil.Investment PerformanceLoad Structure :Entry Load* (For SIP) : NilEntry Load* (Except SIP) : Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load** (For SIP) : Redeemed / switched out within 24months: 2.25%Exit Load** (Except SIP) : Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Special Situations Fund...Your Total Investment Rs. 5,000Value of Your Investment Rs. 4,743Value of Benchmark (BSE 200) Rs. 4,757Return on Investment (CAGR)* -19.62%Benchmark (BSE 200) Returns (CAGR)* -18.59%Date of First Installment : April 01, 2008The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset Allocation-20.04-20.06-20.08Since InceptionMoney Market InstrumentsPetroleum ProductsConsumer Non DurablesConstructionOther Equity9.01%7.79%7.39%11.20%19.86%% Returns-20.1-20.12-20.14-20.1BanksPowerFertilisersCash & Current Assets6.99%5.82%5.60%4.69%-20.16Pharmaceuticals4.39%-20.18Telecom-ServicesNon - Ferrous Metals4.24%3.03%-20.2-20.22-20.2Birla Sun Life Special Situations Fund - Growth BSE 200SoftwareChemicalsDiversified2.65%2.51%2.45%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 yearGas Utilities2.39%PortfolioIssuer% to NetAssetsMoney Market Instruments 19.86State Bank of Patiala 16.29ICICI Bank Ltd. 3.56Petroleum Products 11.20Reliance Industries Ltd. 9.36Indian Oil Corporation Ltd. 1.56Bharat Petroleum Corporation Ltd. 0.28Consumer Non Durables 9.01ITC Ltd. 3.72Bajaj Hindustan Ltd. 2.19United Spirits Ltd. 2.14Balrampur Chini Mills Ltd. 0.97Construction 7.79Akruti City Ltd. 3.76Patel Engineering Ltd. 2.03Larsen & Toubro Ltd. 1.85Hindustan Construction Co. Ltd. 0.15Banks 6.99State Bank of India 2.77Bank of Baroda 1.29Axis Bank Ltd. 1.21Bank of India 1.16Dena Bank 0.56Power 5.82NTPC Ltd. 3.25Reliance Infrastructure Ltd. 2.10LANCO Infratech Ltd. 0.47Issuer% to NetAssetsFertilisers 5.60Tata Chemicals Ltd. 5.02Coromandel Fertilisers Ltd. 0.58Pharmaceuticals 4.39Divis Laboratories Ltd. 2.29Glaxosmithkline Pharmaceuticals Ltd. 1.50Ranbaxy Laboratories Ltd. 0.36Glenmark Pharmaceuticals Ltd. 0.24Telecom-Services 4.24Bharti Airtel Ltd. 3.11Reliance Communications Ltd. 1.13Non - Ferrous Metals 3.03Sterlite Industries (India) Ltd. 3.03Software 2.65Core Projects & Technologies Ltd. 2.17Tata Consultancy Services Ltd. 0.48Chemicals 2.51Gujarat Alkalies & Chemicals Ltd. 2.51Diversified 2.45Aditya Birla Nuvo Ltd. 2.23United Breweries Holdings Ltd. 0.22Gas 2.39Gujarat Fluorochemicals Ltd. 2.39Issuer% to NetAssetsCement 1.90Century Textile & Industries Ltd. 1.24ACC Ltd. 0.66Ferrous Metals 1.69Welspun Gujarat Stahl Rohren Ltd. 0.90Jindal Steel & Power Ltd. 0.79Finance 0.93LIC Housing Finance Ltd. 0.74Bajaj Finserv Ltd. 0.19Paper 0.88Ballarpur Industries Ltd. 0.88Media & Entertainment 0.84Adlabs Films Ltd. 0.84Oil 0.73Oil & Natural Gas Corporation Ltd. 0.73Industrial Capital Goods 0.21Thermax Ltd. 0.21Auto 0.21Bajaj Auto Ltd. 0.21Cash & Current Assets 4.69Total Net Asset 100.00Total outstanding exposure in derivatives as on August 29, 2008 is Rs 13.5 Crores (Notional value).22

S e p t e m b e r 2 0 0 8Birla Sun Life '95 FundInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeInterest Rate Sensitivity: (Debt) LowNAV : Rs.Growth : 192.46Dividend : 84.31Investment PerformanceAn open-ended balanced scheme with theobjective of long term growth of capital andcurrent income, through a portfolio of equityand fixed income securitiesFund Manager : Mr. A. BalasubramanianBenchmark : CRISILBalancedFund IndexAverage AUM :*For direct application: Entry Load is Nil.LargeMidSmallDate of inception : February 10, 1995Rs. 147.67CroresLoad Structure :Entry Load* (For SIP) : NilEntry Load* (Except SIP) : Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load** (For SIP) : Redeemed / switched out within24 months: 2.25%Exit Load** (Except SIP) : Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - NilAverage Maturity: 4.37 Years**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.SIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life '95 Fund...InvestmentPeriodDate of First Installment : April 1, 1995The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)Asset AllocationTotalInvestment(Rs.)Value (Rs.) of SIP in Returns (%)*CRISILBalancedFund IndexBirla SunLife '95FundCRISILBalancedFund IndexBirla SunLife '95FundSince Inception 161000 359321 1098920 11.24 25.85Last 5 years 60000 85531 93791 14.18 17.94Last 3 years 36000 40751 40217 8.24 7.35Last 1 year 12000 11087 10686 -13.91 -19.80% Returns302520151050-5-10-6.581.2116.37 15.68Birla Sun Life 95 Fund - Growth24.69 24.37Crisil Balanced Fund IndexPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more. When benchmark returns are not available, they have not been shown.17.821 Year 3 Years 5 Years Since InceptionCorporate DebtCash & Current AssetsPesticidesConsumer Non DurablesBanksOther EquityPetroleum ProductsSoftwarePharmaceuticalsIndustrial Capital GoodsTelecom-ServicesRetailingConstructionPSU/PFI Bonds/BanksGovernment BondDiversifiedFertilisersGas7.67%7.65%7.04%6.44%5.68%5.60%5.38%4.97%4.41%4.27%4.11%3.33%2.99%2.85%2.46%2.13%10.68%12.33%PortfolioRating ProfileIssuer % to Net RatingAssetsCorporate Debt 12.33Housing Development Finance Corporation Ltd.** 9.25 AAACitiFinancial Consumer Finance India Ltd.** 3.08 AAAPesticides 7.67Rallis India Ltd. 7.67Consumer Non Durables 7.65ITC Ltd. 3.85Nestle India Ltd. 2.29Colgate-Palmolive (India) Ltd. 1.51Banks 7.04Kotak Mahindra Bank Ltd. 2.87ICICI Bank Ltd. 1.73Punjab National Bank 1.48Allahabad Bank 0.96Petroleum Products 5.68Reliance Industries Ltd. 3.63Indian Oil Corporation Ltd. 2.05Software 5.60Infosys Technologies Ltd. 3.57Satyam Computer Services Ltd. 2.03Pharmaceuticals 5.38Glenmark Pharmaceuticals Ltd. 3.22Dr. Reddys Laboratories Ltd. 1.52Aventis Pharma Ltd. 0.63Industrial Capital Goods 4.97Jyoti Structures Ltd. 1.28Bharat Heavy Electricals Ltd. 1.27Bharati Shipyard Ltd. 1.23Siemens Ltd. 1.19Telecom-Services 4.41Bharti Airtel Ltd. 3.05Spice Communications Ltd. 1.36Retailing 4.27Trent Ltd. 4.27Construction 4.11Larsen & Toubro Ltd. 2.64Issuer % to Net RatingAssetsJaiprakash Associates Ltd. 1.47PSU/PFI Bonds/Banks 3.33ICICI Bank Ltd. 3.33 AAAGovernment Bond 2.99Government Bond 2.99 SovereignDiversified 2.85United Breweries Holdings Ltd. 1.35Aditya Birla Nuvo Ltd. 0.91Bombay Burmah Trading Corporation Ltd. 0.60Fertilisers 2.46Rashtriya Chemicals & Fertilizers Ltd. 2.46Gas 2.13Gujarat Gas Co. Ltd. 2.13Non - Ferrous Metals 1.67Nava Bharat Ventures Ltd. 1.67Power 1.24GVK Power & Infrastructure Ltd. 1.24Finance 1.09Infrastructure Development Finance Company Ltd. 1.09Media & Entertainment 1.01ETC Networks Ltd. 1.01Magnasound India Ltd.** 0.00Oil 0.57Aban Offshore Ltd. 0.57Auto 0.51Bajaj Auto Ltd. 0.51Transportation 0.36Gateway Distriparks Ltd. 0.36Cash & Current Assets 10.68Total Net Asset 100.00EquityAAACash & Current AssetsSovereign2.99%10.68%15.66%70.67%Winner ofBest Fund - 10 yrs performance&Lipper Awards India 2008Birla Sun Life ‘95 Fund - GrowthMixed Asset INR Aggressive, (6 schemes) 10 Yrs ended 31-Dec-07(Past performance is no guarantee of future results.) for ranking methodology please refer page 42** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 15.66%.23

S e p t e m b e r 2 0 0 8Birla Sun Life BalanceInvestment Style BoxInvestment ObjectiveAs on August 31, 2008Systematic Investment Plan (SIP)Investment StyleValue Blend Growth SizeInterest Rate Sensitivity: (Debt) MediumLargeMidSmallNAV : Rs.Growth : 29.42Dividend : 19.56An open-ended balanced scheme with anobjective to balance income requirements withgrowth of capital through a balance mix ofinvestments in equity and debt at relativelymoderate levels of risks through a diversifiedresearch based investment approach.Fund Manager : Mr. A. BalasubramanianDate of inception : October 12, 1999Load Structure (Incl. for SIP)Entry Load*:Rs. 5 crores - 2.25%Rs. 5 crores - NilExit Load** :Rs. 5 crores - 1% if redeemed/ switched out within 12 monthsRs. 5 crores - NilBenchmark : CRISIL Average AUM : Rs. 99.14 CroresBalancedFund Index Average Maturity : 4.00 YearsSIP is a powerful tool that can help you create wealth over time. If you had investedin Birla Sun Life Balance ...InvestmentPeriodTotalInvestment(Rs.)Date of First Installment : November 1,1999Value (Rs.) of SIP in Returns (%)*CRISILBalancedFund IndexBirla SunLife BalanceCRISILBalancedFund IndexBirla SunLife BalanceSince Inception 106000 210754 226194 15.04 16.56Last 5 years 60000 85531 84885 14.18 13.87Last 3 years 36000 40751 39453 8.24 6.06Last 1 year 12000 11087 11106 -13.91 -13.62The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxesare 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 rateof return)*For direct application: Entry Load is Nil.**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Investment PerformanceAsset Allocation25Consumer Non Durables17.28%201514.4415.6819.1117.8212.91PSU/PFI Bonds/BanksPharmaceuticalsGovernment BondCash & Current AssetsSoftware5.48%7.24%7.16%14.26%15.60%% Returns105Money Market InstrumentsPetroleum ProductsBanksOther Equity5.07%4.80%4.53%4.04%0-5-2.581.211 Year 3 Years 5 Years Since InceptionBirla Sun Life Balance - GrowthCrisil Balanced Fund IndexFertilisersPesticidesIndustrial Capital GoodsGasTelecom-ServicesOil2.75%2.55%2.40%2.16%2.12%2.08%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more. When benchmark returns are not available, they have not been shown.Corporate Debt0.49%PortfolioRating ProfileIssuer % to Net RatingAssetsConsumer Non Durables 17.28E.I.D. Parry (India) Ltd. 6.00ITC Ltd. 5.26Radico Khaitan Ltd 2.26Shaw Wallace Company Ltd. 1.55United Spirits Ltd. 1.39Balrampur Chini Mills Ltd. 0.83PSU/PFI Bonds/Banks 15.60Infrastructure Development Fin. Co. Ltd.** 7.65 AAACitibank N A ** 7.19 AAAHDFC Bank Ltd.** 0.41 AAAICICI Bank Ltd.** 0.35 AAAPharmaceuticals 14.26Novartis India Ltd. 4.64Pfizer Ltd. 3.76Dr. Reddys Laboratories Ltd. 2.19Wyeth Ltd. 1.86Piramal Healthcare Ltd. 1.73Piramal Life Sciences Ltd. 0.09Government Bond 7.248.24% GOI 2027 4.46 SovereignGovt Bond 7.61% Oil Company 2015 2.78 SovereignSoftware 5.48Infosys Technologies Ltd. 3.55HCL Technologies Ltd. 1.48Core Projects & Technologies Ltd 0.46Money Market Instruments 5.07Karnataka Bank Ltd. 5.07 A1+Petroleum Products 4.80Reliance Industries Ltd. 3.25Indian Oil Corporation Ltd. 1.55Banks 4.53Indian Overseas Bank 2.08Punjab National Bank 1.35Kotak Mahindra Bank Ltd. 0.60Issuer % to Net RatingAssetsICICI Bank Ltd. 0.50Fertilisers 2.75Tata Chemicals Ltd. 1.91Chambal Fertilizers & Chemicals Ltd. 0.84Pesticides 2.55United Phosphorus Ltd. 2.55Industrial Capital Goods 2.40Bharat Electronics Ltd. 2.40Gas 2.16Indraprastha Gas Ltd. 2.16Telecom-Services 2.12Bharti Airtel Ltd. 2.12Oil 2.08Oil & Natural Gas Corporation Ltd. 2.08Auto 1.32Hero Honda Motors Ltd. 1.32Hotels 0.82Hotel Leelaventure Ltd. 0.82Construction 0.81Nagarjuna Construction Co. Ltd. 0.81Transportation 0.66Gateway Distriparks Ltd. 0.46Great Eastern Shipping Company Ltd. 0.20Corporate Debt 0.49Housing Development Finance Corp Ltd.** 0.49 AAAFinance 0.43Bajaj Finserv Ltd 0.43Cash & Current Assets 7.16Total Net Asset 100.00OtherAAASovereignCash & Current Assets7.24%7.16%21.16%CRISIL~CPR 2^^Birla Sun Life BalanceBalanced Schemes Category ( 16 Schemes) , 2 Yrs ended 30-Jun-08(Past performance is no guarantee of future results.)for ranking methodology please refer page 4264.44%24**Represents thinly traded / non traded securities. Total Percentage of thinly/non traded securities is 16.09%.

S e p t e m b e r 2 0 0 8Investment Style BoxBirla Sun Life Monthly IncomeAn open- ended fund. Monthly income is not assured and is subjectto availability of distributable surplusInvestment ObjectiveAs on August 31, 2008Credit QualityHigh Med LowInterest RateSensivityHighAn open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterlydistributions to Unitholders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability ofdistributable surplus.MidLowFund Manager : Mr. A. BalasubramanianDate of inception : July 14, 1999NAV : Rs.Growth : 27.4584Monthly Dividend : 10.0588Quarterly Dividend : 10.5793Benchmark : CRISIL MIP BlendedIndexInvestment PerformanceLoad Structure (Incl. for SIP):Entry Load :NILExit Load** : For redemption / switch out ofunits within 12 months from thedate of allotment: 1%**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Asset AllocationAverage Maturity : 2.36 YearsAverage AUM : Rs. 150.78 CroresPSU/PFI Bonds/Banks33.43%14Corporate Debt30.17%1211.69Equity 13.54%10Government Bond9.50%% Returns867.818.447.16 7.17Cash & Current AssetsMoney Market Instruments7.04%6.32%43.78Rating Profile21.84AAA67.86%01 Year 3 Years 5 Years Since InceptionBirla Sun Life Monthly Income - GrowthCrisil MIP Blended IndexEquitySovereign9.50%13.53%Cash & Current Assets7.04%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more. When benchmark returns are not available, they have not been shown.AA2.07%PortfolioIssuer % to Net RatingAssetsPSU/PFI Bonds/Banks 33.43Indian Railway Finance Corporation Ltd.** 16.97 AAAInfrastructure Development Financial. Corporation. Ltd.** 12.27AAAICICI Bank Ltd.** 3.80 AAALIC Housing Finance Ltd.** 0.33 AAAPower Finance Corporation Ltd.** 0.07 AAACorporate Debt 30.17Housing Development Finance Corp Ltd.** 13.39 AAAGE Capital Services India Ltd.** 9.98 AAAReliance Industries Ltd.** 4.74 AAASundaram Finance Ltd.** 2.07 AA+EQUITY 13.54Rallis India Ltd. 2.50Cipla Ltd. 1.44Issuer % to Net RatingAssetsNestle India Ltd. 1.27Reliance Industries Ltd. 1.19KEC International Ltd. 1.07Infosys Technologies Ltd. 0.93Chambal Fertilizers & Chemicals Ltd. 0.85HCL Technologies Ltd. 0.62ETC Networks Ltd. 0.57United Phosphorus Ltd. 0.47Aventis Pharma Ltd. 0.40Gujarat Gas Co. Ltd. 0.40Rashtriya Chemicals & Fertilizers Ltd. 0.40McDowell Holdings Ltd. 0.37Power Grid Corporation of (I) Ltd. 0.34United Breweries Holdings Ltd. 0.28Hero Honda Motors Ltd. 0.23Bharti Airtel Ltd. 0.21Issuer % to Net RatingAssetsUnited Breweries Ltd. 0.01Magnasound India Ltd. ** 0.00Government Bond 9.50Govt. Bond 7.47% 2012 3.99 SovereignGovt. Bond 8.24% 2027 3.10 SovereignGovt Bond 5.87%2010 2.41 SovereignMoney Market Instruments 6.32State Bank of Patiala 6.32 A1+Cash & Current Assets 7.04Total Net Asset 100.00** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 63.61%.CRISIL~CPR 2^^Birla Sun Life Monthly IncomeMIP Conservative Scheme ( 9 Schemes) , 2 Yrs ended 30-Jun-08(Past performance is no guarantee of future results.) for ranking methodology please refer page 42&&CNBC TV-18 CRISIL AWARD 2007Birla Sun Life Monthly IncomeCategory: Monthly Income Plans – Conservative1 yr performance ended 31 Dec, '07. Total Schemes in Category = 925

S e p t e m b e r 2 0 0 8Investment Style BoxBirla Sun Life MIPAn open- ended fund. Monthly income is not assured and is subject toavailability of distributable surplusInvestment ObjectiveAs on August 31, 2008Credit QualityHigh Med LowInterest RateSensivityHighMidLowThe primary objective of the schemes is to generate regular income so as to make monthly distributions to unitholders with the secondaryobjective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debtinstruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal marketconditions, invest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents while at the sametime maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.)Fund Manager : Mr. A. Balasubramanian Date of inception : November 20, 2000NAV : Rs.Monthly Payment / Plan : 20.1574Dividend Plan : 10.0638Benchmark : CRISIL MIP BlendedIndexLoad Structure (Incl. for SIP):Entry Load : NILExit Load** : Rs 10 lakhs: 0.60% if redeemed/ switched out with in 90 daysfrom the date of allotment.> 10 Lakhs: Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Average Maturity : 2.24 YearsAverage AUM : Rs. 116.78 CroresInvestment PerformanceAsset Allocation109.43Money Market Instruments27.33%866.007.16 7.176.93Corporate DebtPSU/PFI Bonds/Banks20.82%24.03%Equity12.05%43.78Cash & Current Assets11.88%% Returns2Government Bond3.88%01 Year 3 Years 5 Years Since InceptionRating Profile-2-1.76AAA70.46%-4Equity12.05%Birla Sun Life MIP - GrowthCrisil MIP Blended IndexCash & Current Assets11.88%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more. When benchmark returns are not available, they have not been shown.SovereignAA1.72%3.88%Issuer % to Net RatingAssetsMoney Market Instruments 27.33Karnataka Bank Ltd. 20.31 A1+State Bank of Patiala 7.03 A1+Corporate Debt 24.03Housing Development Finance Corporation Ltd.** 10.13 AAAGreat Eastern Shipping Company Ltd.** 8.01 AAAGE Capital Services India Ltd.** 4.16 AAASundaram Finance Ltd.** 1.72 AA+PSU/PFI Bonds/Banks 20.82Indian Railways Finance Corporation Ltd.** 12.75 AAAICICI Bank Ltd.** 4.32 AAAPower Grid Corporation of India Ltd.** 3.24 AAAPortfolioIssuer % to Net RatingAssetsPower Finance Corporation Ltd.** 0.34 AAAState Bank of India** 0.17 AAAEQUITY 12.05Reliance Industries Ltd. 1.74Rallis India Ltd. 1.54ITC Ltd. 1.33Simplex Infrastructures Ltd. 1.01Pfizer Ltd. 0.93Reliance Petroleum Ltd. 0.88Hanung Toys & Textiles Ltd. 0.88Satyam Computer Services Ltd. 0.86Raymond Ltd. 0.77Aventis Pharma Ltd. 0.50Issuer % to Net RatingAssetsCipla Ltd. 0.47United Phosphorus Ltd. 0.46GAIL (India) Ltd. 0.35Hindustan Petroleum Corporation Ltd. 0.33Government Bond 3.888.24% CGL 2027 3.88 SovereignCash & Current Assets 11.88Total Net Asset 100.00** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 44.85 %.26

S e p t e m b e r 2 0 0 8Investment Style BoxBirla Sun Life MIP II - Wealth 25 PlanAn open- ended fund. Monthly income is not assured and is subjectto availability of distributable surplusInvestment ObjectiveAs on August 31, 2008Credit QualityHigh Med LowInterest RateSensivityHighAn open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holderswith the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus.MidLowFund Manager : Mr. A. BalasubramanianDate of inception : May 22, 2004NAV : Rs.Payment / Growth : 13.5708Dividend : 9.7199Benchmark : CRISIL MIP BlendedIndexLoad Structure (Incl. for SIP):Entry Load : NILExit Load** : For redemption / switch out ofunits within 12 months from thedate of allotment: 1%**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Average Maturity : 2.15 YearsAverage AUM : Rs. 84.07 CroresInvestment PerformanceAsset Allocation10Money Market Instruments37.13%87.167.417.01Equity26.39%65.76PSU/PFI Bonds/Banks12.62%43.78Corporate Debt10.97%% Returns2Government BondCash & Current Assets5.69%7.20%0-21 Year 3 Years Since InceptionRating Profile-4-4.55AAA60.72%-6Equity26.39%Birla Sun Life MIP - Wealth 25 - GrowthCrisil MIP Blended IndexSovereign7.20%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more.Cash & Current Assets5.69%PortfolioIssuer % to Net RatingAssetsMoney Market Instruments 37.13Tata Sons Ltd. 29.43 A1+Housing Development Finance Corporation Ltd. 7.69 A1+EQUITY 26.39Spice Communications Ltd. 2.75Aditya Birla Nuvo Ltd. 2.73Tata Chemicals Ltd. 2.67Nava Bharat Ventures Ltd. 2.59Rallis India Ltd. 2.46Reliance Industries Ltd. 1.75Dr. Reddys Laboratories Ltd. 1.59ITC Ltd. 1.57Infosys Technologies Ltd. 1.37Issuer % to Net RatingAssetsSimplex Infrastructures Ltd. 1.35Indian Overseas Bank 1.35Novartis India Ltd. 1.23HDFC Bank Ltd. 1.21Pfizer Ltd. 1.13Madras Cements Ltd. 0.64PSU/PFI Bonds/Banks 12.62Infrastructure Development Finance company Ltd. ** 11.45 AAAICICI Bank Ltd. ** 1.16 AAACorporate Debt 10.97GE Capital Services India Ltd. ** 5.59 AAAGreat Eastern Shipping Company Ltd. ** 5.38 AAAIssuer % to Net RatingAssetsGovernment Bond 7.208.24% GOI 2027 5.22 SovereignGovt Bond 7.61% Oil Company 2015 1.99 SovereignCash & Current Assets 5.69Total Net Asset 100.00** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 23.59 %.27

S e p t e m b e r 2 0 0 8Birla Sun Life Asset Allocation FundAs on August 31, 2008Aggressive Plan - Investment Style Box Moderate Plan - Investment Style Box Conservation Plan-Investment Style BoxCredit Quality Credit Quality Credit QualityHigh Med LowInterest RateSensivityHighHigh Med LowInterest RateSensivityHighHigh Med LowInterest RateSensivityHighMidLowMidLowMidLowInvestment ObjectiveAn 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.Fund Managers : Mr. Satyabrata Mohanty & Mr. Ajay GargNAV : Rs.Aggressive PlanGrowth : 21.4159Dividend : 21.4159Conservative PlanGrowth : 15.9278Dividend : 15.9278Moderate PlanGrowth : 19.2893Dividend : 19.2893Date of inception : February 24, 2004Load Structure (Incl. for SIP):Entry Load :Aggressive Plan : 1.50%Moderate Plan : 1.00%Conservative Plan : 0.50%Exit Load : NILBenchmarkAggressive Plan : S&P CNX NiftyModerate Plan : Crisil Balanced Fund IndexConservative Plan : Crisil MIP Blended IndexAverage AUMAggressive Plan : Rs. 7.70 CroresModerate Plan : Rs. 4.83 CroresConservative Plan : Rs. 5.35 CroresInvestment Performance - Aggressive PlanInvestment Performance - Moderate PlanInvestment Performance - Conservation Plan% Returns2520151050-5-1022.3021.3318.3715.86% Returns181615.68 15.6614.1914.48141210861 Year43 Years Since Inception2-2.3421.21-5.160-0.781 Year3 Years Since Inception01 Year3 Years Since Inception-2Birla Sun Life AAF - Aggressive Plan - Growth S&P CNX Nifty Birla Sun Life AAF - Moderate Plan - Growth Crisil Balanced Fund Index Birla Sun Life AAF - Conservative Plan - Growth Crisil MIP Blended Index% Returns1210.94 10.861087.166.4365.1243.78Past performance may or may not be sustained in future. Returns are in % and absolute returnsfor period less than 1 year & CAGR for period 1 year or more.Past performance may or may not be sustained in future. Returns are in % and absolute returnsfor period less than 1 year & CAGR for period 1 year or more.Past performance may or may not be sustained in future. Returns are in % and absolute returnsfor period less than 1 year & CAGR for period 1 year or more.Portfolio - Aggressive Plan Portfolio - Moderate Plan Portfolio - Conservation PlanIssuer% to NetAssetsMutual Fund Units 74.08Birla Sun Life Midcap Fund 21.13Birla Sun Life Advantage Fund 20.79Birla Sun Life New Millennium Fund. 12.60Birla Sun Life Dynamic Bond Fund 8.98Birla Sun Life Income Fund - Growth 5.52Birla Sun Life Short Term Fund - Growth 4.08Birla Sun Life Gilt Plus PF Plan 0.98Cash & Current Assets 25.92Total Net Asset 100.00Issuer% to NetAssetsMutual Fund Units 71.84Birla Sun Life Midcap Fund 20.71Birla Sun Life Dynamic Bond Fund 20.34Birla Sun Life Advantage Fund 12.03Birla Sun Life Short Term Fund - Growth 6.73Birla Sun Life New Millennium Fund. 6.65Birla Sun Life Income Fund - Growth 5.37Birla Sun Life Gilt Plus Liquid Plan 0.00Cash & Current Assets 28.16Total Net Asset 100.00Issuer% to NetAssetsMutual Fund Units 61.46Birla Sun Life Short Term Fund - Growth 36.23Birla Sun Life Income Fund - Growth 9.32Birla Sun Life Midcap Fund - Growth 6.94Birla Sun Life Advantage Fund - Growth 3.79Birla Sun Life Dynamic Bond Fund - Retail Plan - Growth 2.80Birla Sun Life New Millennium Fund - Growth 2.40Cash & Current Assets 38.54Total Net Asset 100#Value Research RatingBirla Sun Life AAF - ConservativeHybrid: Debt-oriented ( 31 Schemes), 3 & 5 Yrs ended 31-Aug-08(Past performance is no guarantee of future results.) for ranking methodology please refer page 4228

S e p t e m b e r 2 0 0 8Birla Sun Life Cash PlusAs on August 31, 2008Investment Style BoxInvestment ObjectiveCredit QualityHigh Med LowInterest RateSensivityHighMidLowAverage AUM : Rs. 7151.25 CroresBenchmark : Crisil Liquid Fund IndexAn open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judiciousinvestments in high quality debt and money market instruments.Fund Manager : Mr. Maneesh Dangi & Mr. Satyabrata MohantyDate of inception : June 16,1997Load StructureEntry Load : NILExit Load : NILAverage Maturity : 0.17 YearsNAV : Rs.Retail - Growth : 22.5506Retail - Daily Dividend : 16.3694Institutional Plan - Growth : 22.7427Institutional Plan - Daily Dividend : 10.8023Institutional Plan - Weekly Dividend : 10.8121Institutional Plan - Fortnightly Dividend : 10.8451Institutional Premium Plan - Growth : 13.3965Institutional Premium Plan - Daily Dividend : 10.0195Institutional Premium Plan - Weekly Dividend : 10.0275Institutional Premium Plan - Fortnightly Dividend : 10.0000Institutional Premium Plan - Monthly Dividend : 10.0050Investment PerformanceAsset Allocation% Returns10987654329.118.369.038.448.807.397.52Money Market InstrumentsFloating Rate InstrumentsCash & Current AssetsSecuritised Debt 3.05%PSU/PFI Bonds/Banks 2.76%Corporate Debt 1.38%Rating Profile13.56%25.81%53.43%101 Months15 DaysBirla Sun Life Cash Plus - Retail - Growth3 MonthsCrisil Liquid Fund IndexSince InceptionAAACash & Current Assets13.56%84.08%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period1 year or more. When benchmark returns are not available, they have not been shown.AA 2.36%Issuer % to Net RatingAssetsMoney Market Instruments 53.43Punjab National Bank 7.19 F1+State Bank of Patiala 4.95 A1+Housing Development Finance Corporation Ltd. 4.14 A1+State Bank of Indore 3.40 P1+Canara Bank 3.33 P1+Tata Sons Ltd. 3.18 A1+ING Vysya Bank Ltd. 3.07 P1+State Bank of Travancore Ltd. 3.06 A1+UCO Bank Ltd. 2.46 P1+Power Finance Corporation Ltd. 2.00 P1+Citicorp Finance India Ltd. 1.68 P1+IDBI Bank Ltd. 1.66 A1+Standard Chartered Bank 1.53 P1+State Bank of Mysore 1.38 A1+Reliance Communication Ltd. 1.38 A1+The Jammu and Kashmir Bank Ltd. 1.04 P1+Karnataka Bank Ltd. 0.93 A1+ICICI Bank Ltd. 0.90 A1+State Bank Of Bikaner and Jaipur 0.80 P1+Allahabad Bank 0.77 A1+ICICI Home Finance Company Ltd. 0.74 A1+Indian Bank 0.70 F1+Tata Sons Ltd. 0.63 P1+Alembic Ltd. 0.46 P1+Sundaram Finance Ltd. 0.37 P1+Development Credit Bank Ltd. 0.37 P1+ICICI Securities Ltd. 0.36 P1+PortfolioIssuer % to Net RatingAssetsState Bank of Travancore 0.30 A1+Shriram Transport Finance Company Ltd. 0.20 F1+Federal Bank Ltd. 0.17 P1+Adlabs Films Ltd. 0.15 A1+Vijaya Bank 0.15 P1+State Bank of Hyderabad 0.02 A1+Floating Rate Instruments 25.81Housing Development Finance Corporation Ltd. 5.16 AAACitiFinancial Consumer Finance India Ltd. 3.38 AAAInfrastructure Development Finance Company Ltd. 3.12 LAAATata Steel Ltd. 2.30 FAAAUltratech Cement Ltd. 2.30 AAALIC Housing Finance Ltd. 1.55 AAATata Sons Ltd. 1.15 AAAHousing Development Finance Corporation Ltd. 1.02 LAAAGruh Finance Ltd 0.77 LAA+Raymond Ltd. 0.77 PR1+Axis Bank Ltd. 0.60 LAA+ICICI Bank Ltd. 0.51 AAAIDBI Bank Ltd. 0.46 CARE AA+Power Finance Corporation Ltd. 0.44 AAAICICI Bank Ltd. 0.38 CARE AAACiticorp Finance India Ltd. 0.38 AAAICICI Securities Ltd. 0.38 P1+Indian Railway Finance Corporation Ltd. 0.37 AAAInfrastructure Development Finance Company Ltd. 0.31 AAAHero Honda Finlease Ltd. 0.23 P1+Issuer % to Net RatingAssetsIDBI Bank Ltd. 0.15 AA+Union Bank of India 0.07 AA+Securitised Debt 3.05Invest 1608-Sr A(IndiaBull)(27-Mar-2009)** 1.55 P1+(SO)Indian Corp Ln Sec Tr Sr V(A1) 29-MAR-08** 0.62 A1+(SO)Credit Asset Trust-CLASS A (24-MAR-2009)** 0.46 F1+(SO)Collateral Debt Tr Sr 20 Sr A1 27 Oct 08** 0.38 P1+(SO)Collateral Debt Tr Sr 20 Sr A2 27 Oct 08** 0.02 P1+(SO)Ind Cor Loan Sec Sr-Xlviii A2 11-SEPT-08** 0.01 A1+(SO)BHPC Auto Sec Trust 15 Oct 2008** 0.01 AAA+(SO)PSU/PFI Bonds/Banks 2.76Indian Oil Corporation Ltd.** 2.00 A1+Export-Import Bank of India** 0.77 AAACorporate Debt 1.38Rabo India Finance Private Ltd.** 0.38 P1+Kotak Mahindra Prime Ltd.** 0.38 P1+Kotak Mahindra Prime Ltd.** 0.31 LAACitiFinancial Consumer Finance India Ltd.** 0.23 AAADSP Merrill Lynch Capital Ltd.** 0.08 P1+Cash & Current Assets 13.56Total Net Asset 100.00** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 7.19%.#Value Research RatingBirla Sun Life Cash Plus - Institutional PremiumDebt: Ultra Short-term Institutional (56 Schemes), 18 months ended 31-Aug-08#Value Research RatingBirla Sun Life Cash Plus - RetailDebt: Ultra Short-term ( 51 Schemes), 18 months ended 31-Aug-08CRISIL~CPR 2^^Birla Sun Life Cash Plus - Institutional Premium PlanLiquid Super Institutional Scheme (18 Schemes), 1 Yr ended 30-Jun-08#Value Research RatingBirla Sun Life Cash Plus - InstitutionalDebt: Ultra Short-term Institutional (56 Schemes), 18 months ended 31-Aug-08CRISIL~CPR 2^^Birla Sun Life Cash Plus - Institutional PlanLiquid Institutional Scheme (13 Schemes), 1 Yr ended 30-Jun-08(Past performance is no guarantee of future results.) for ranking methodology please refer page 42CRISIL~CPR 2^^Birla Sun Life Cash Plus - Retail PlanConsistent CPR Performer - Liquid (28 schemes), 5 Yrs ended 30-Jun-08+ 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.29

S e p t e m b e r 2 0 0 8Birla Sun Life Liquid PlusAs on August 31, 2008Investment Style BoxInvestment ObjectiveCredit QualityHigh Med LowInterest RateSensivityHighThe 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.MidLowNAV : Rs.Retail - Growth : 15.5799Retail - Daily Dividend : 10.0068Retail - Fortnightly Dividend : 10.8717Retail - Monthly Dividend : 10.1487Retail - Weekly Dividend : 10.0213Institutional - Growth : 15.7987Institutional - Dividend : 10.6185Institutional Plan- Daily Dividend : 10.0068Institutional Plan- Weekly Dividend : 10.0219Institutional Plan- Monthly Dividend : 10.1593Fund Manager : Mr. Maneesh Dangi & Mr. Satyabrata Mohanty Date of inceptionRetail Plan : November 27, 2001Institutional Plan : April 16, 2003Load Structure (Incl. for SIP):Entry Load :NILExit Load : NILAverage Maturity : 0.36 YearsAverage AUM : Rs. 383.96 CroresBenchmark : CRISIL Short-TermBond Fund IndexInvestment PerformanceAsset Allocation98.44Money Market Instruments55.26%% Returns876546.727.296.026.355.226.78Cash & Current AssetsSecuritised DebtFloating Rate InstrumentsCorporate DebtPSU/PFI Bonds/Banks0.16%6.10%7.86%12.11%18.50%32Rating Profile101 Year 3 Years 5 Years Since InceptionBirla Sun Life Liquid Plus - Retail GrowthCRISIL Short-Term Bond Fund IndexPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more. When benchmark returns are not available, they have not been shown.AAACash & Current AssetsUnratedAA2.22%1.49%18.50%77.79%PortfolioIssuer % to Net RatingAssetsMoney Market Instruments 55.26Punjab National Bank 9.74 F1+IDBI Bank Ltd. 9.71 P1+ICICI Bank Ltd. 5.57 A1+Allahabad Bank 5.12 A1+State Bank of Bikaner and Jaipur 5.04 P1+State Bank of Patiala 3.19 A1+State Bank of Travancore 2.03 P1+IDBI Bank Ltd. 1.98 A1+Kotak Mahindra Bank Ltd. 1.41 P1+Oriental Bank of Commerce 1.40 P1+Barclays Investments & Loans (I) Ltd. 1.39 A1+Housing Development Finance Corporation Ltd. 1.13 A1+Indiabulls Financial Services Ltd. 1.11 P1+Canara Bank 0.92 P1+Corporation Bank 0.71 P1+Yes Bank Ltd. 0.70 A1+Reliance Capital Ltd. 0.69 A1+Yes Bank Ltd. 0.69 A1+Adlabs Films Ltd. 0.52 A1+State Bank of Hyderabad 0.51 A1+Shriram Transport Finance Company Ltd. 0.40 F1+Axis Bank Ltd. 0.37 P1+State Bank of Indore 0.32 P1+ING Vysya Bank Ltd. 0.15 P1+UCO Bank 0.15 P1+Tata Capital Ltd. 0.12 A1+ABN AMRO Bank 0.11 A1+Unitech Ltd. 0.09 PR1+Karnataka Bank Ltd. 0.01 A1+Securitised Debt 12.11IND LN SECT 2008 SR 35(A3) BPCL 19 NOV08. ** 2.95 P1+(SO)IND LN SECT 2008 SR 35(A3) BPCL 19 NOV08. ** 2.01 A1+(SO)BVL TRUST (Principal PTC) (20-Feb-2009). ** 1.41 A1+(SO)CLSS 87 TR A2 DLF 09 Feb 09. ** 0.88 A1+(SO)CLSS 25 TR 2009(SERA1) (BPCL) (01SEP09). ** 0.84 P1+(SO)Loan Rec Tr Sep 07 Sr A1 19-Sep-2008. ** 0.75 P1+(SO)Issuer % to Net RatingAssetsCredit Asset TrustSr XLVIII(A3) 21MAY09. ** 0.57 F1+(SO)CLSS 89 TR A2 DLF 09 Feb 09. ** 0.57 A1+(SO)RB Loan Trust Series X (A) (02-Mar-2009). ** 0.46 F1+(SO)CLSS 86 TR A2 DLF 06 Feb 09. ** 0.44 A1+(SO)Collateral Debt Tr Sr 20 Sr A1 27 Oct 08. ** 0.36 P1+(SO)LOAN SECURITISATION TRUST SERIES 51(4B). ** 0.33 P1+(SO)Ind Ret ABS Trust Ser 49(A4) 18 MAY 2010. ** 0.13 AAA(SO)Loan Sec Trust Sr XVI NTPC (ICICI Bank). ** 0.11 AAA(SO)Cor Debt Tr 08 Sr 4 A2 (HPCL) (21 MAY09). ** 0.11 P1+(SO)BVL TRUST (Interest PTC.) (20-Feb-2009). ** 0.09 A1+(SO)LOAN SECURITISATION TRUST SERIES 51(4A). ** 0.04 P1+(SO)Loan Sec Trust SrXII NTPC (ICICI). ** 0.03 AAA(SO)RB Loan Tr SR III A4-IO Indiabull-2008. ** 0.03 A1+(SO)Floating Rate Instruments 7.86Housing Development Finance Corporation Ltd. 4.33 AAAHousing Development Finance Corporation Ltd. 1.50 LAAAKotak Mahindra Bank Ltd. 1.33 P1+Indian Railways Finance Corporation Ltd. 0.37 AAATata Sons Ltd. 0.22 AAAIndian Retail ABS Trust Series 50 0.10 AAA(SO)Corporate Debt 6.10K Raheja Corporation Private Ltd. ** 2.22Mahindra & Mahindra Financial Services Ltd. ** 1.48 P1+Cholamandalam DBS Finance Ltd. ** 1.11 LAAHousing Development Finance Corporation Ltd. ** 0.54 AAASundaram Finance Ltd. ** 0.27 P1+Mahindra & Mahindra Financial Services Ltd. ** 0.22 AA+GE Money Financial Services Ltd. ** 0.17 AAATata Sons Ltd. ** 0.10 AAAPSU/PFI Bonds/Banks 0.16IDBI Bank Ltd. ** 0.16 AA+Cash & Current Assets 18.50Total Net Asset 100.00** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 18.37 %.Value Research Rating#Birla Sun Life Liquid Plus Fund - Retail PlanDebt: Liquid Plus (22 Schemes), 18 months & 3 Yrs ended 31-Aug-08(Past performance is no guarantee of future results.) for ranking methodology please refer page 4230

S e p t e m b e r 2 0 0 8Birla Sun Life Short Term FundAs on August 31, 2008Investment Style BoxInvestment ObjectiveCredit QualityHigh Med LowInterest RateSensivityHighMidLowAn open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in adiversified portfolio of debt and money market securities with relatively low levels of interest rate risk.Fund Manager : Mr. Maneesh Dangi & Mr. Satyabrata Mohanty Date of inception : April 19, 2002NAV : Rs.Retail PlanGrowth : 15.1658Monthly Dividend : 10.6501Fortnightly Dividend : 10.1081Institutional PlanFortnightly Dividend : 10.0102Monthly Dividend : 10.0898Investment PerformanceLoad Structure (Incl. for SIP):Entry Load :NILExit Load** : 0.15% for redemption / switch-outof units within seven (7) daysfrom the date of allotment.**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Asset AllocationBenchmark : CRISIL Short-Term Bond Fund IndexAverage Maturity : 0.22 YearsAverage AUM : Rs. 187.55 Crores988.377.89Treasury BillsMoney Market Instruments45.06%50.31%76.726.576.76PSU/PFI Bonds/Banks1.92%66.025.72Cash & Current Assets1.68%55.22Floating Rate Instruments0.65%% Returns432Securitised Debt0.37%Rating Profile101 Year 3 Years 5 Years Since InceptionSovereign50.31%Birla Sun Life Short Term Fund - Retail Plan - GrowthCRISIL Short-Term Bond Fund IndexAAA48.01%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more.Cash & Current Assets1.68%PortfolioIssuer % to Net RatingAssetsTreasury Bills 50.3191 Day T-Bill 05 Sept 2008 50.31 SovereignIssuer % to Net RatingAssetsPSU/PFI Bonds/Banks 1.92Power Finance Corporation Ltd.** 1.92 AAAMoney Market Instruments 45.06State Bank of Bikaner and Jaipur 9.60 P1+Punjab National Bank 9.34 F1+Karnataka Bank Ltd. 6.71 A1+State Bank of Patiala 6.49 A1+ICICI Bank Ltd. 6.39 A1+State Bank of Travancore 5.19 P1+Tata Capital Ltd. 1.34 A1+Floating Rate Instruments 0.65Indian Retail ABS Trust Series 50 18 Oct 09 0.65 AAA(SO)Securitised Debt 0.37BHPC AutoSec Trust Jun05-Sr. A3 15 Oct 08** 0.37 AAA(SO)Cash & Current Assets 1.68Total Net Asset 100.00** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 2.30 %.CRISIL~CPR 2^^Birla Sun Life Short Term Fund - Retail PlanDebt: Short Term Schemes (19 Schemes), 1 Yrs ended 30-Jun-08#Value Research RatingBirla Sun Life Short Term Fund - Retail PlanDebt: Short Term Schemes (19 Schemes), 1 yrs & 3 Yrs ended 31-Aug-08@7-Star Gold Award by ICRABirla Sun Life Short Term Fund - GrowthLiquid Plus Schemes (26 Schemes), 1 year ended 31-Dec-07(Past performance is no guarantee of future results.)for ranking methodology please refer page 42&&CNBC TV-18 CRISIL AWARD 2007Birla Sun Life Short Term FundCategory: Income – Short Term Funds1 yr performance ended 31 Dec, ‘07. Total Schemes in Category = 1231

S e p t e m b e r 2 0 0 8Birla Sun Life Income PlusAs on August 31, 2008Investment Style BoxInvestment ObjectiveCredit QualityHigh Med LowInterest RateSensivityHighAn open-ended income scheme with the objective to generate consistent income through superior yields on its investments at moderate levelsof risk through a diversified investment approach.MidLowFund Manager : Mr. Maneesh DangiDate of inception : October 21, 1995NAV : Rs.Growth : 35.0922Dividend : 10.5235Benchmark : CRISIL CompositeBond Fund IndexInvestment PerformanceLoad Structure (Incl. for SIP):Entry Load : NILExit Load** : Rs 10 Lakhs: 0.75% if redeemed /switched out with in 180 days fromthe date of allotment.> Rs. 10 Lakhs: Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Asset AllocationAverage Maturity : 1.64 YearsAverage AUM : Rs. 458.10 Crores12Money Market Instruments65.88%1010.25Government Bond14.30%8.72Cash & Current Assets13.45%87.32PSU/PFI Bonds/Banks6.07%% Returns643.96 4.085.073.50Corporate DebtRating Profile0.29%201 Year 3 Years 5 Years Since InceptionAAA72.25%Birla Sun Life Income Plus - GrowthCrisil Composite Bond Fund IndexSovereign14.30%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more. When benchmark returns are not available, they have not been shown.Cash & Current Assets13.45%PortfolioIssuer % to Net RatingAssetsMoney Market Instruments 65.88Housing Development Finance Corporation Ltd. 8.70 A1+ING Vysya Bank Limited. 6.79 P1+State Bank of Patiala 6.76 A1+State Bank of Hyderabad 6.76 A1+State Bank of Bikaner and Jaipur 6.76 P1+Reliance Communication Ltd. 5.64 A1+Axis Bank Limited. 5.63 P1+Jindal Steel & Power Ltd. 4.74 A1+Issuer % to Net RatingAssetsKarur Vysya Bank Limited. 4.55 F1+Canara Bank 4.37 P1+Punjab National Bank 3.02 F1+ICICI Bank Limited. 2.15 A1+Government Bond 14.308.24% GOI 2018 10.98 Sovereign7.47% GOI 2012 1.92 Sovereign8.24% GOI 2027 1.39 SovereignIssuer % to Net RatingAssetsPSU/PFI Bonds/Banks 6.07Infrastructure Development Financial Corporation. Ltd.** 5.03 AAAExport-Import Bank of India** 1.04 AAACorporate Debt 0.29Infrastructure Leasing and Financial Services Ltd ** 0.21 LAAAReliance Industries Limited.** 0.08 AAACash & Current Assets 13.45Total Net Asset 100.00** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 6.37 %#Value Research RatingBirla Sun Life Income PlusDebt: Medium-term (52 Schemes), 3 yrs ended 31-Aug-08CRISIL~CPR 1^^Birla Sun Life Income PlusIncome Scheme (18 Schemes), 1 Yr ended 30-Jun-08CRISIL~CPR 2^^Birla Sun Life Income PlusConsistent CPR Performer - Debt (13 schemes), 1 Yr ended 30-Jun-0832@7-Star Gold Award by ICRABirla Sun Life Income Plus - GrowthDebt: Long Term (18 Schemes), 1 Year ended 31-Dec-07(Past performance is no guarantee of future results.) for ranking methodology please refer page 42

S e p t e m b e r 2 0 0 8Birla Sun Life Income FundAs on August 31, 2008Investment Style BoxInvestment ObjectiveCredit QualityHigh Med LowInterest RateSensivityHighAn open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversifiedportfolio of debt and money market securities.MidLowFund Manager : Mr. Satyabrata MohantyDate of inception : March 03, 1997NAV : Rs.Growth : 30.0018Half Yearly - Dividend : 11.2271Quarterly Dividend : 10.652554 EA Growth : 29.981254 EA Dividend : 13.211354 EB Growth : 29.792454 EB Dividend : 13.2252Load Structure (Incl. for SIP):Entry Load :NILExit Load** : Rs 1 Crore: 1.00% if redeemed/ switched out with in 365 daysfrom the date of allotment.> Rs 1 Crore: Nil**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Average Maturity : 2.29 YearsAverage AUM : Rs. 184.48 CroresBenchmark : CRISIL CompositeBond Fund IndexInvestment PerformanceAsset Allocation12Money Market Instruments76.38%109.328.4210.03Government Bond16.13%8% Returns66.05Cash & Current Assets7.49%43.96 4.083.50Rating Profile2AAA76.38%01 Year 3 Years 5 Years Since InceptionBirla Sun Life Income Fund - GrowthCrisil Composite Bond Fund IndexSovereign16.13%Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGRfor period 1 year or more. When benchmark returns are not available, they have not been shown.Cash & Current Assets7.49%PortfolioIssuer % to Net RatingAssetsMoney Market Instruments 76.38Power Finance Corporation Limited. 12.33 P1+Indian Bank 11.76 F1+State Bank of Indore 11.55 P1+ING Vysya Bank Limited. 9.24 P1+Punjab National Bank 8.82 F1+Issuer % to Net RatingAssetsNational Bank for Agricultural & Rural Development. 8.56 AAAAllahabad Bank 7.98 A1+Reliance Communication Limited. 6.14 A1+Government Bond 16.138.24% GOI 2018 10.16 SovereignIssuer % to Net RatingAssets8.24% GOI 2027 5.96 SovereignCash & Current Assets 7.49Total Net Asset 100.00#Value Research RatingBirla Sun Life Income FundDebt: Medium Term (52 Schemes), 3 Yrs ended 31-Aug-08CRISIL~CPR 1^^Birla Sun Life Income FundIncome Scheme (18 Schemes), 2 Yrs ended 30-Jun-08Winner ofBest Fund - 3 & 10 yrs performance Lipper Awards India 2008Birla Sun Life Income Fund - GrowthBond INR General, 3 yrs & 10 yrs ended 31-Dec-07 out of 100 & 10 Schemes respectively(Past performance is no guarantee of future results.) for ranking methodology please refer page 42&&&CNBC TV-18 CRISIL AWARD 2007Birla Sun Life Income FundCategory: Income Funds1 yr performance ended 31 Dec, ‘07. Total Schemes in Category = 1733

S e p t e m b e r 2 0 0 8Birla Sun Life Cash ManagerAs on August 31, 2008Investment Style BoxInvestment ObjectiveCredit QualityHigh Med LowInterest RateSensivityHighAn open-ended liquid scheme with the objective to provide current income which is consistent with a portfolio that offers investors superiorliquidity by investing 100% in a diversified portfolio of debt (Fixed Income) and money market securities.MidLowFund Manager : Mr. Maneesh Dangi & Mr. Satyabrata MohantyDate of inception : May 14, 1998NAV : Rs.Growth : 20.5438Weekly Dividend : 10.0114Institutional Daily Dividend : 10.0030Institutional Growth : 14.0093Institutional Weekly Dividend : 10.0116Load StructureEntry Load : NILExit Load : NILAverage Maturity : 0.46 YearsBenchmark : Crisil Liquid Fund Index Average AUM : Rs. 128.00 CroresInvestment PerformanceAsset Allocation1098.75 8.688.448.52Money Market Instruments89.43%877.397.837.246Cash & Current Assets10.57%% Returns5432Rating Profile101 Month 3 Months 6 Months Since InceptionAAA89.43%Birla Sun Life Cash Manager - GrowthCrisil Liquid Fund IndexPast performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGRfor period 1 year or more. When benchmark returns are not available, they have not been shown.Cash & Current Assets10.57%PortfolioIssuer % to Net RatingAssetsMoney Market Instruments 89.43Issuer % to Net RatingAssetsState Bank of Saurashtra 1.87 A1+UCO Bank 27.56 P1+Cash & Current Assets 10.57Unitech Ltd. 23.11 PR1+Punjab National Bank 20.17 F1+Total Net Asset 100.00State Bank of India 16.72 P1+#Value Research RatingBirla Sun Life Cash ManagerDebt: Ultra Short Term (51 Schemes), 3 Yrs ended 31-Aug-08(Past performance is no guarantee of future results.) for ranking methodology please refer page 4234

S e p t e m b e r 2 0 0 8Investment Style BoxInvestment ObjectiveBirla Sun Life FloatingRate FundAs on August 31, 2008Credit QualityHigh Med LowInterest RateSensivityHighMidLowThe primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating ratedebt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money marketinstruments.Fund Manager : Mr. Satyabrata Mohanty Date of inception : June 05, 2003NAV : Rs.Long Term PlanGrowth : 13.9360Monthly Dividend : 10.4564Weekly Dividend : 10.0182Short Term PlanGrowth : 13.7858Daily Dividend : 10.0015Weekly Dividend : 10.3800Institutional Plan-Growth : 11.0925Institutional Plan-Daily Dividend : 10.0086Institutional Plan-Weekly Dividend : 10.0129Institutional Plan-Fortnightly Dividend: 10.0000Load Structure :Long Term Plan (Incl. for SIP)Entry Load : NilExit Load** : For any redemption / switch out ofunits within 7 days from the dateof allotment :- 0.10%Short Term PlanEntry Load : NILExit Load : NIL**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Average MaturityLong Term Plan : 0.25 YearsShort Term Plan : 0.23 YearsAverage AUMLong Term Plan : Rs. 101.33 CroresShort Term Plan : Rs. 147.45 CroresBenchmarkLong Term Plan : Crisil Liquid Fund IndexShort Term Plan : Crisil Liquid Fund IndexInvestment Performance - Long Term PlanInvestment Performance - Short Term Plan% Returns1098765432109.117.367.536.676.55 6.545.7 5.63% Returns109.24 9.25 9.0898.36 8.4487.3976.3165.63543211 Year 3 Years 5 Years Since Inception 015 Days 1 Month 3 Months Since InceptionBirla Sun Life Floating Rate Fund - LTP - GrowthCrisil Liquid Fund IndexPast performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year& CAGR for period 1 year or more.Birla Sun Life Floating Rate Fund - STP - GrowthCrisil Liquid Fund IndexPast 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.Asset Allocation - Long Term Plan Rating Profile - Long Term Plan Asset Allocation - Short Term Plan Rating Profile - Short Term PlanMoney Market Instruments61.57%AAA81.38%Floating Rate Instruments48.08%AAA87.47%Floating Rate Instruments32.67%AA12.87%Money Market Instruments43.47%Cash & Current Assets8.45%Cash & Current Assets5.75%Cash & Current Assets5.75%Cash & Current Assets8.45%AA4.08%Portfolio - Long Term PlanIssuer % to Net RatingAssetsMoney Market Instruments 61.57ICICI Bank Ltd. 16.00 A1+Punjab National Bank 14.81 F1+Karur Vysya Bank Ltd. 14.73 F1+State Bank of Bikaner and Jaipur 11.32 P1+DLF Ltd. 4.71 A1+Floating Rate Instruments 32.67Kotak Mahindra Bank Ltd. 9.90 P1+Housing Development Finance Corp Ltd. 9.90 AAASundaram Finance Ltd. 7.92 LAA+IDBI Bank Ltd. 4.95 AA+Cash & Current Assets 5.75Total Net Asset 100.00Portfolio - Short Term PlanIssuer % to Net RatingAssetsFloating Rate Instruments 48.08Housing Development Finance Corporation Ltd. 13.85 AAACiticorp Finance India Ltd. 12.22 AAALIC Housing Finance Ltd. 12.22 AAAIDBI Bank Ltd. 4.08 AA+CitiFinancial Consumer Finance India Ltd. 4.07 AAAICICI Bank Ltd. 1.63 AAAMoney Market Instruments 43.47ICICI Bank Ltd. 28.68 A1+Indiabulls Financial Services Ltd. 7.69 P1+Karnataka Bank Ltd. 3.98 A1+Karur Vysya Bank Ltd. 3.12 F1+Cash & Current Assets 8.45Total Net Asset 100.00#Value Research RatingBirla Sun Life Floating Rate Fund - Long Term PlanDebt: Floating - Long Term ( 12 Schemes), 3 Yrs ended 31-Aug-08(Past performance is no guarantee of future results.) for ranking methodology please refer page 42+ 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.35

S e p t e m b e r 2 0 0 8Birla Sun Life Gilt PlusAs on August 31, 2008Investment Style BoxInvestment ObjectiveCredit QualityHigh Med LowInterest RateSensivityHighAn open-ended government securities scheme with the objective to generate income and capital appreciation through investments exclusivelyin Government Securities.MidLowNAV : Rs.Liquid PlanGrowth : 19.9018Quarterly Dividend : 10.6425Annual Dividend : 10.2714PF PlanGrowth : 22.2306Quarterly Dividend : 10.1964Annual Dividend : 19.2891Regular PlanGrowth : 26.5103Quarterly Dividend : 11.2745Annual Dividend : 22.5179Fund Manager : Mr. Maneesh Dangi & Mr. Satyabrata MohantyDate of inception : October 12, 1999Load Structure (Incl. for SIP):Liquid Plan, Regular Plan & PF Plan-Quarterly /Annual Dividend:Entry Load : NILExit Load : NILPF Plan - Growth:Entry Load : NILExit Load** : 1.00% if redeemed / switched outwithin 365 days from date ofallotment.**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Average MaturityLiquid Plan : 0.00 YearsPF Plan : 1.78 YearsRegular Plan : 2.31 YearsBenchmarkLiquid Plan : I-Sec Si-BEXPF Plan : I-Sec Li-BEXRegular Plan : I-Sec Li-BEXAverage AUMLiquid Plan : Rs. 11.53 CroresPF Plan : Rs. 89.65 CroresRegular Plan : Rs. 93.93 CroresInvestment Performance - Liquid PlanInvestment Performance - PF PlanInvestment Performance - Regular Plan% Returns98765432108.056.86 6.836.626.165.735.51% Returns10864209.414.404.673.603.512.971 Year 3 Years 5 Years Since Inception-0.9201 Year 3 Years 5 Years Since Inception-21 Year 3 Years 5 Years Since Inception-0.92-2Birla sun Life Gilt Plus Liquid Plan - Growth I-Sec Si-BEX Birla Sun Life Gilt Plus PF Plan - Growth I-Sec Li-BEX Birla Sun Life Gilt Plus Regular Plan - Growth I-Sec Li-BEX% Returns141210864211.597.997.355.213.602.97Past performance may or may not be sustained in future. Returns are in % and absolutereturns for period less than 1 year & CAGR for period 1 year or more. When benchmarkreturns are not available, they have not been shown.Past performance may or may not be sustained in future. Returns are in % and absolutereturns for period less than 1 year & CAGR for period 1 year or more. When benchmarkreturns are not available, they have not been shown.Past performance may or may not be sustained in future. Returns are in % and absolutereturns for period less than 1 year & CAGR for period 1 year or more. When benchmarkreturns are not available, they have not been shown.Asset Allocation - Liquid PlanAsset Allocation - PF PlanAsset Allocation - Regular PlanCash & Current Assets69.06%Cash & Current Assets82.37%Cash & Current Assets 100.00%Treasury Bills17.08%Government Bond13.86%Government Bond17.63%Portfolio - Liquid Plan Portfolio - PF Plan Portfolio - Regular PlanIssuer % to Net RatingAssetsCash & Current Assets 100.00Total Net Asset 100.00Issuer % to Net RatingAssetsTreasury Bills 17.0891 Day T-Bill 05 Sept 2008 17.08 SovereignGovernment Bond 13.868.24% GOI 2018 8.85 Sovereign8.24% GOI 2027 5.01 SovereignCash & Current Assets 69.06Total Net Asset 100.00Issuer % to Net RatingAssetsGovernment Bond 17.638.24% GOI 2018 10.79 Sovereign8.24% GOI 2027 6.84 SovereignCash & Current Assets 82.37Total Net Asset 100.00#Value Research RatingBirla Sun Life Gilt Plus - Regular PlanGilt: Medium & Long-term ( 44 Schemes), 18 months & 3 Yrs ended 31-Aug-0836CRISIL~CPR 1^^Birla Sun Life Gilt Plus - Regular PlanGilt Schemes (14 Schemes), 2 Yrs ended 30-Jun-08Winner ofBest Fund - 5 yrs Performance Lipper Awards India 2008Birla Sun Life Gilt Plus - Regular - GrowthBond INR General (35 Schemes) 5 yrs ended 31-Dec-07&(Past performance is no guarantee of future results.)for ranking methodology please refer page 42

S e p t e m b e r 2 0 0 8Birla Sun Life Government Securities FundAs on August 31, 2008Long Term - Investment Style BoxShort Term - Investment Style BoxInvestment ObjectiveCredit QualityHigh Med LowInterest RateSensivityHighCredit QualityHigh Med LowInterest RateSensivityHighAn open-ended Gilt scheme with the objective to provide investorscurrent income consistent with a portfolio invested 100% in securitiesissued by the Government of India or the State Governments, and thesecondary objective is capital appreciation.MidMidLowLowFund Manager : Mr. Maneesh DangiNAV : Rs.Long Term PlanGrowth : 20.2214Dividend : 9.9260Short Term PlanGrowth : 16.9835Dividend : 10.1743Load Structure (Incl. for SIP):Entry Load : NILExit Load : NILBenchmarkLong Term Plan : I-Sec Li-BEXShort Term Plan : I-Sec Si-BEX**Exit / Entry Load is NIL for units issued in Bonus & Dividend Reinvestment.Date of inception : October 28, 1999Average MaturityLong Term Plan : 0.00 YearsShort Term Plan : 0.00 YearsAverage AUMLong Term Plan : Rs. 1.34 CroresShort Term Plan : Rs. 0.27 CroresLong Term Plan - Investment Performance10Short Term Plan - Investment Performance888.29766.836.625.736.17655.114.23% Returns42.783.602.372.97% Returns433.59220-0.071 Year3 Years 5 Years Since Inception1-2-0.9201 Year 3 Years 5 Years Since InceptionBirla Sun Life Govt. Sec Fund - LTP - Growth I-Sec Li-BEX Birla Sun Life Govt. Sec Fund - STP - Growth I-Sec Si-BEXPast performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more. When benchmark returns are not available, they have not been shown.Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR forperiod 1 year or more. When benchmark returns are not available, they have not been shown.Asset Allocation - Long Term PlanAsset Allocation - Short Term PlanCash & Current Assets 100.00%Cash & Current Assets 100.00%Portfolio - Long Term PlanIssuer % to Net RatingAssetsCash & Current Assets 100.00Portfolio - Short Term PlanIssuer % to Net RatingAssetsCash & Current Assets 100.00Total Net Asset 100.00Total Net Asset 100.0037

S e p t e m b e r 2 0 0 8India Advantage Fund Ltd.(For Non-Resident Indians and Eligible Foreign Nationals)As on August 29, 2008Investment Style BoxInvestment StyleValue Blend Growth SizeLargeInvestment ObjectiveAn open-ended growth scheme with the objective of long-term appreciation through investment primarily in equity related securities ofcompanies in India that are run by efficient management, have a sustainable and robust business model and are available at reasonablevaluations.MidSmallFund Manager : Mr. Ajay ArgalDate of inception : August 8, 1996NAV $ per Class C Share : 164.13 Benchmark : BSE Sensex and MSCI (India)Conversion Rate 1 USD : INR 43.79AUM : USD 119.00 MillionBloomberg Ticker Code : INDADVC MPInvestment Performance CAGR Returns (%)Asset Allocation% Returns35.030.025.020.015.010.05.00.014.523.1 22.731.4India 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.28.027.83 Year 5 Year 10 Year Since Inception27.317.418.026.213.112.0Banks & Financial ServicesOil & GasCash & Cash EquivalentsPetroleum ProductsIndustrial Capital GoodsTelecom ServicesConsumer Non DurablesSoftwarePharmaceuticalsFerrous MetalsPesticidesPowerTransportationAutoConstructionMiningIndustrial ProductsMedia & Entertainment3.912.811.931.821.701.601.521.291.241.018.578.517.967.8610.5011.2110.6415.92PortfolioName of the Security Sector Percentageof PortfolioEQUITY INVESTMENTS :Reliance Industries Limited Petroleum Products 9.14Bharti Airtel Limited Telecom-Services 5.99ONGC Limited Oil & Gas 5.54Infosys Techonologies Limited Software 5.31HDFC Limited Banks & Financial Services 4.50BHEL Limited Industrial Capital Goods 4.26ITC Limited Consumer Non Durables 4.02ICICI Bank Limited Banks & Financial Services 3.22AXIS Bank Limited Banks & Financial Services 2.74Reliance Communications Limited Telecom-Services 2.52GAIL Limited Oil & Gas 2.48Hindustan Unilever Limited Consumer Non Durables 2.40Bank of India Limited Banks & Financial Services 2.28Oriental Bank of Commerce Limited Banks & Financial Services 2.27Sun Pharmaceuticals Limited Pharmaceuticals 2.11Cairns India Limited Oil & Gas 1.96United Phosphorus Limited Pesticides 1.93CESC Limited Industrial Capital Goods 1.83Bharat Electronics Limited Power 1.82Dr Reddy's Laboratories Limited Pharmaceuticals 1.81Great Eastern Shipping Corporation Limited Transportation 1.70Welspun Gujarat Stahon Limited Consumer Non Durables 1.53Nestle India Limited Ferrous Metals 1.53Larsen & Toubro Limited Construction 1.52Reliance Petroleaum Limited Petroleum Products 1.35Gujarat NRE Coke Limited Mining 1.29Maharashtra Seamless Limited Ferrous Metals 1.28Bharti Shipyard Limited Industrial Capital Goods 1.26Name of the Security Sector Percentageof PortfolioSintex Industries Limited Industrial Products 1.25Great Offshore Limited Oil & Gas 1.23Engineers India Limited Industrial Capital Goods 1.22TCS Limited Software 1.17Hero Honda Limited Auto 0.98Punjab National Bank Banks & Financial Services 0.92Satyam Computers Limited Software 0.81Zee Enterprises Limited Media & Entertainment 0.64Bajaj Auto Limited Auto 0.62Subex Limited Software 0.57Balaji Telefilms Limited Media & Entertainment 0.37CALL & CALL EQUIVALENTS :Mutual Fund Units Mutual Fund Units 0.00ICICI Bank FDs Money Market Instruments 1.07CBLO Money Market Instruments 1.02Reliance Capital Money Market Instruments 6.52Ranbaxy Money Market Instruments 0.00Non-Convertible DebtTrent Limited Non - Convertible Debt 0.16TOTAL 98.13OTHER NET ASSETS (SUB FUND) Cash & Cash Equivalents 2.17OTHER NET ASSETS (MAIN FUND) Cash & Cash Equivalents -0.30NET ASSETS 100.00Investment 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 whichthe 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 43.7938Morningstar RatingCurrently Under Review@@Bloomberg Ticker Code:INDADVC MPAlso listed on“Channel IslandsStock Exchange (CISX)”(Past performance is no guarantee of future results.) for ranking methodology please refer page 42Ranked 11th among Top Performing&Equity Funds in the world by LipperIndia Advantage FundEquity Funds (6302 funds), 10 yrs ended 31 Dec 07

S e p t e m b e r 2 0 0 8Dividend History(For select Schemes)EQUITY SCHEMESEQUITY 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 70.37Total dividend declared28-Nov-03 30 3.00 10.00 44.88since inception (Feb 24, 1995) = 325%23-Jan-04 20 2.00 10.00 47.3312-Mar-04 25 2.50 10.00 46.1023-Mar-05 50 5.00 10.00 54.2516-Dec-05 50 5.00 10.00 65.8925-Apr-08 50 5.00 10.00 100.44325 32.5Birla Sun Life Dividend Yield Plus 30-May-03 8 0.80 10.00 11.84Total dividend declared13-Jun-03 5 0.50 10.00 10.88since inception (Feb 26, 2003) = 178%24-Jul-03 12 1.20 10.00 11.6219-Sept-03 18 1.80 10.00 12.0931-Oct-03 10 1.00 10.00 11.8726-Dec-03 15 1.50 10.00 13.9313-Feb-04 10 1.00 10.00 12.5828-Sep-04 8 0.80 10.00 11.5724-Dec-04 14 1.40 10.00 13.7511-Mar-05 10 1.00 10.00 12.851-July-05 8 0.80 10.00 11.2628-Oct-05 8 0.80 10.00 11.9413-Jan-06 16 1.60 10.00 11.8927-April-06 10 1.00 10.00 13.0710-Oct-06 8 0.80 10.00 11.6730-April-07 8 0.80 10.00 11.201-Nov-07 10 1.00 10.00 12.77178 17.80Birla Sun Life Tax Plan 15-Feb-02 10 1.00 10.00 12.45Total dividend declared17-Oct-03 15 1.50 10.00 24.89since inception (Feb 16, 1999) = 245%26-Mar-04 15 1.50 10.00 26.9021-Oct-05 40 4.00 10.00 42.1016-Dec-05 40 4.00 10.00 46.5017-Feb-06 40 4.00 10.00 44.5428-Mar-08 60 6.00 10.00 64.23245 24.50Birla Sun Life Index Fund 17-Oct-03 56 5.60 10.00 16.19Total dividend declared03-Feb-04 16.5 1.65 10.00 11.99since inception (Sept 18, 2002) = 137.5%23-Mar-07 65 6.50 10.00 21.83137.5 13.75Birla Sun Life India GenNext Fund 25-Apr-08 10 1.00 10.00 16.14Birla Sun Life India Opportunities Fund 04-Feb-00 25 2.50 10.00 28.97Total dividend declaredsince inception (Dec 27, 1999) = 147.50%14-Jan-03 10 1.00 10.00 12.1627-Feb-04 60 6.00 10.00 18.6926-Oct-04 12.5 1.25 10.00 14.1716-Sep-05 40 4.00 10.00 14.90147.5 14.75Birla Sun Life Midcap Fund 19-Jun-03 10 1.00 10.00 11.83Total dividend declared22-Jul-03 10 1.00 10.00 11.8124-Dec-03 60 6.00 10.00 18.35since inception (Oct 3, 2002) = 242.50%8-Oct-04 12.5 1.25 10.00 13.7228-Jan-05 10 1.00 10.00 14.753-Feb-06 20 2.00 10.00 22.5922-Dec-06 35 3.50 10.00 25.9428-Dec-07 60 6.00 10.00 40.5027-Jun-08 20 2.00 10.00 20.85242.5 24.25Birla Sun Life MNC Fund 5-Feb-00 25 2.50 10.00 0.00Total dividend declared22-Feb-02 40 4.00 10.00 27.1629-Aug-03 50 5.00 10.00 30.58since inception (Dec 27, 1999) = 240%18-Jan-05 50 5.00 10.00 42.8026-Aug-05 75 7.50 10.00 41.05240 24.00Birla Sun Life Basic Industries Fund 31-Mar-04 25 2.50 10.00 25.70Total dividend declaredsince inception (Jan 15, 2000) = 295%07-Oct-04 20 2.00 10.00 25.0224-Mar-06 100 10.00 10.00 35.0819-Jan-07 105 10.50 10.00 39.6025-Apr-08 20 2.00 10.00 36.36295 29.50Birla Sun Life Buy India Fund 28-Mar-06 75 7.50 10.00 17.54Birla Sun Life Equity Fund 30-Sept-99 30 3.00 10.00 25.8628-Mar-00 50 5.00 10.00 51.08Total dividend declared29-Sept-00 25 2.50 10.00 28.65since inception (Aug 27, 1998) = 445%20-Mar-01 10 1.00 10.00 18.9728-Sept-01 10 1.00 10.00 12.7920-Mar-02 10 1.00 10.00 17.1321-Oct-02 5 0.50 10.00 14.0724-Mar-03 5 0.50 10.00 14.3730-Sept-03 10 1.00 10.00 22.9608-Mar-04 30 3.00 10.00 30.9120-Oct-04 10 1.00 10.00 30.0210-Feb-06 50 5.00 10.00 58.9423-Mar-07 100 10.00 10.00 74.4531-Aug-07 100 10.00 10.00 79.98445 44.50Birla Sun Life Frontline Equity Fund 31-Mar-04 20 2.00 10.00 18.48Total dividend declaredsince inception (Aug 30, 2002) = 240%14-Oct-04 10 1.00 10.00 16.8027-Feb-06 80 8.00 10.00 28.8828-Aug-06 60 6.00 10.00 23.5629-Jun-07 40 4.00 10.00 23.8608-Aug-08 20 2.00 10.00 20.48230 23.00Birla Sun Life New Millennium Fund 27-Jun-08 10 1.00 10.00 14.43Birla Sun Life Tax Relief ‘96 27-Apr-06 500 50.00 10.00 224.51Total dividend declaredsince inception (Mar 29, 1996) = 2160%8-Dec-06 250 25.00 10.00 193.9419-Jan-07 260 26.00 10.00 176.5416-Mar-07 500 50.00 10.00 134.2725-Mar-08 200 20.00 10.00 106.7427-Jun-08 50 5.00 10.00 71.862160 216.00Birla Sun Life Top 100 Fund 30-May-08 15 1.50 10.00 15.894After 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. 39

S e p t e m b e r 2 0 0 8Dividend History(For select Schemes)HYBRID & MONTHLY INCOME SCHEMESNon CorporateCorporate##DEBT SCHEMES Date Face Value Dividend Dividend Cum Dividend NAVDividendDividend(%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit)40Birla Sun Life Balance 17-Oct-03 10.00 15 1.50 - - 13.32Total dividend declaredsince inception (Oct 12, 1999) = 65%20-Jan-06 10.00 50 5.00 - - 15.1365 6.50Birla Sun Life MIP (Monthly Dividend Plan) 27-July-07 10.00 1.120 0.1120 1.043 0.1043 11.540331-Aug-07 10.00 0.958 0.0958 0.892 0.0892 11.406328-Sep-07 10.00 1.139 0.1139 1.060 0.1060 11.583326-Oct-07 10.00 1.196 0.1196 1.113 0.1113 11.684430-Nov-07 10.00 1.455 0.1455 1.354 0.1354 11.552628-Dec-07 10.00 1.147 0.1147 1.068 0.1068 11.669325-Jan-08 10.00 1.204 0.1204 1.120 0.1120 11.339929-Feb-08 10.00 0.847 0.0847 0.788 0.0788 10.985328-Mar-08 10.00 0.682 0.0682 0.635 0.0635 10.683725-Apr-08 10.00 0.641 0.0641 0.597 0.0597 10.605430-May-08 10.00 0.796 0.0796 0.741 0.0741 10.490627-Jun-08 10.00 0.123 0.0123 0.114 0.0114 10.014629-Aug-08 10.00 0.228 0.0228 0.212 0.0212 10.0638Birla Sun Life MIP II - Savings 5 Plan 26-Sep-07 10.00 0.647 0.0647 0.602 0.0602 10.1926(Monthly Dividend Plan) 26-Oct-07 10.00 0.771 0.0771 0.717 0.0717 10.199130-Nov-07 10.00 0.871 0.0871 0.810 0.0810 10.199328-Dec-07 10.00 0.696 0.0696 0.648 0.0648 10.172925-Jan-08 10.00 0.640 0.0640 0.599 0.0599 10.166429-Feb-08 10.00 0.620 0.0620 0.577 0.0577 10.191627-Mar-08 10.00 0.520 0.0520 0.484 0.0484 10.180225-Apr-08 10.00 0.529 0.0529 0.492 0.0492 10.197730-May-08 10.00 0.836 0.0836 0.778 0.0778 10.232725-Jun-08 10.00 0.546 0.0546 0.508 0.0508 10.199625-Jul-08 10.00 0.521 0.0521 0.485 0.0485 10.202613-Aug-08 10.00 0.402 0.0402 0.374 0.0374 10.189028-Aug-08 10.00 0.140 0.0140 0.130 0.0130 10.6778Birla 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 11.253527-July-07 10.00 1.126 0.1126 1.048 0.1048 11.565831-Aug-07 10.00 0.962 0.0962 0.895 0.0895 11.349328-Sep-07 10.00 1.133 0.1133 1.054 0.1054 11.554326-Oct-07 10.00 1.193 0.1193 1.110 0.1110 11.624130-Nov-07 10.00 1.446 0.1446 1.346 0.1346 11.525528-Dec-07 10.00 1.145 0.1145 1.066 0.1066 11.762025-Jan-08 10.00 1.214 0.1214 1.130 0.1130 11.212629-Feb-08 10.00 0.837 0.0837 0.779 0.0779 10.727928-Mar-08 10.00 0.666 0.0666 0.620 0.0620 10.304925-Apr-08 10.00 0.620 0.0620 0.577 0.0577 10.347630-May-08 10.00 0.777 0.0777 0.723 0.0723 10.2064Birla Sun Life '95 Fund 30-Jun-99 10.00 20 2.00 - - 26.78Total dividend declared28-Mar-00 10.00 50 5.00 - - 64.44since inception (Feb 10, 1995) = 325%13-Oct-00 10.00 30 3.00 - - 39.8509-Mar-01 10.00 20 2.00 - - 33.5015-Oct-01 10.00 20 2.00 - - 25.7026-Mar-02 10.00 20 2.00 - - 29.9930-Oct-02 10.00 10 1.00 - - 26.0128-Mar-03 10.00 10 1.00 - - 27.0010-Oct-03 10.00 10 1.00 - - 38.5922-Mar-04 10.00 30 3.00 - - 42.3125-Oct-04 10.00 20 2.00 - - 43.0210-Mar-06 10.00 25 2.50 - - 68.5330-May-08 10.00 50 5.00 - - 97.61325 32.50Birla Sun Life Monthly Income - 31-May-07 10.00 0.673 0.0673 0.626 0.0626 10.8253Monthly Dividend29-Jun-07 10.00 0.622 0.0622 0.579 0.0579 10.848031-July-07 10.00 1.152 0.1152 1.072 0.1072 11.156231-Aug-07 10.00 0.744 0.0744 0.692 0.0692 11.017728-Sep-07 10.00 1.345 0.1345 1.251 0.1251 11.182031-Oct-07 10.00 1.632 0.1632 1.519 0.1519 11.265730-Nov-07 10.00 1.401 0.1401 1.304 0.1304 11.099531-Dec-07 10.00 1.221 0.1221 1.136 0.1136 11.337231-Jan-08 10.00 0.750 0.0750 0.698 0.0698 10.888129-Feb-08 10.00 0.677 0.0677 0.630 0.0630 10.707031-Mar-08 10.00 0.712 0.0712 0.663 0.0663 10.379630-Apr-08 10.00 0.668 0.0668 0.622 0.0622 10.473130-May-08 10.00 0.786 0.0786 0.731 0.0731 10.3396Birla Sun Life Monthly Income - 30-Mar-07 10.00 1.710 0.1710 1.593 0.1593 11.1777Quarterly Dividend 29-Jun-07 10.00 0.622 0.0622 0.579 0.0579 10.848002-July-07 10.00 2.375 0.2375 2.210 0.2210 11.537828-Sep-07 10.00 2.856 0.2856 2.658 0.2658 11.831031-Dec-07 10.00 2.856 0.2856 2.658 0.2658 12.201131-Mar-08 10.00 2.593 0.2593 2.413 0.2413 11.176530-Jun-08 10.00 1.901 0.1901 1.769 0.1769 10.6399After 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.

S e p t e m b e r 2 0 0 8Dividend History(For select Schemes)DEBT SCHEMESNon CorporateCorporateDEBT SCHEMES Date Face Value Dividend Dividend DividendDividend Cum Dividend NAV##(%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit)Birla Sun Life Short Term 15-Dec-06 10.00 1.552 0.1552 1.446 0.1446 10.2120Opportunities Fund 15-Mar-07 10.00 1.546 0.1546 1.440 0.1440 10.285915-Jun-07 10.00 1.656 0.1656 1.541 0.1541 10.270617-Sep-07 10.00 1.706 0.1706 1.588 0.1588 10.247917-Dec-07 10.00 1.875 0.1875 1.745 0.1745 10.219317-Mar-08 10.00 1.162 0.1162 1.082 0.1082 10.137016-Jun-08 10.00 1.162 0.1162 1.082 0.1082 10.1379Birla Sun Life Dynamic Bond Fund - Retail - 04-Feb-08 10.00 0.419 0.0419 0.390 0.0390 10.4390Quarterly Dividend 29-Apr-08 10.00 0.896 0.0896 0.834 0.0834 10.627728-May-08 10.00 0.633 0.0633 0.589 0.0589 10.597702-Jul-08 10.00 0.682 0.0682 0.635 0.0635 10.612229-Aug-08 10.00 1.330 0.1330 1.238 0.1238 10.7048Birla Sun Life Gilt Plus - Liquid Plan - 15-Sep-06 10.00 1.082 0.1082 1.008 0.1008 10.7193(Quarterly Dividend) 15-Mar-07 10.00 1.725 0.1725 1.607 0.1607 10.793815-Jun-07 10.00 1.736 0.1736 1.616 0.1616 10.551117-Sep-07 10.00 1.804 0.1804 1.679 0.1679 10.703217-Dec-07 10.00 1.602 0.1602 1.491 0.1491 10.662617-Mar-08 10.00 1.602 0.1602 1.491 0.1491 10.685716-Jun-08 10.00 1.375 0.1375 1.280 0.1280 10.6466Birla Sun Life Gilt Plus - PF Plan 15-Sep-06 10.00 1.228 0.1228 1.143 0.1143 10.6422(Quarterly Dividend) 15-Mar-07 10.00 1.614 0.1614 1.503 0.1503 10.585315-Jun-07 10.00 1.677 0.1677 1.561 0.1561 10.305917-Sep-07 10.00 1.859 0.1859 1.730 0.1730 10.593017-Dec-07 10.00 1.817 0.1817 1.691 0.1691 10.651617-Mar-08 10.00 2.053 0.2053 1.911 0.1911 10.791216-Jun-08 10.00 1.382 0.1382 1.286 0.1286 10.3315Birla Sun Life Gilt Plus - Regular Plan 15-Sep-06 10.00 1.377 0.1377 1.282 0.1282 11.0538(Quarterly Dividend) 15-Mar-07 10.00 1.693 0.1693 1.576 0.1576 11.167915-Jun-07 10.00 1.990 0.1990 1.852 0.1852 10.907717-Sep-07 10.00 2.339 0.2339 2.177 0.2177 11.376217-Dec-07 10.00 2.180 0.2180 2.029 0.2029 11.418717-Mar-08 10.00 2.196 0.2196 2.044 0.2044 11.653016-Jun-08 10.00 1.495 0.1495 1.392 0.1392 11.2748Birla 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 10.106415-Jun-07 10.00 1.529 0.1529 1.423 0.1423 10.221817-Sep-07 10.00 1.813 0.1813 1.688 0.1688 10.570417-Dec-07 10.00 2.031 0.2031 1.890 0.1890 10.775817-Mar-08 10.00 2.304 0.2304 2.144 0.2144 10.944516-Jun-08 10.00 1.634 0.1634 1.520 0.1520 10.6083Birla Sun Life Govt. Securities - 15-Mar-07 10.00 3.113 0.3113 2.899 0.2899 10.4817Long Term Dividend 17-Sep-07 10.00 3.162 0.3162 2.943 0.2943 10.377417-Mar-08 10.00 0.480 0.0480 0.447 0.0447 10.0548Birla Sun Life Govt. Securities - 15-Sep-06 10.00 0.978 0.0978 0.911 0.0911 10.1559Short Term Dividend 15-Mar-07 10.00 1.440 0.1440 1.341 0.1341 10.370215-Jun-07 10.00 1.352 0.1352 1.258 0.1258 10.176817-Sep-07 10.00 1.607 0.1607 1.496 0.1496 10.311017-Dec-07 10.00 1.546 0.1546 1.439 0.1439 10.297217-Mar-08 10.00 0.588 0.0588 0.547 0.0547 10.073416-Jun-08 10.00 0.876 0.0876 0.815 0.0815 10.1315Birla Sun Life Income Fund- 15-Mar-07 10.00 3.191 0.3191 2.971 0.2971 10.8886Half Yearly Dividend 17-Sep-07 10.00 3.758 0.3758 3.497 0.3497 11.245417-Mar-08 10.00 4.752 0.4752 4.423 0.4423 11.6359Birla Sun Life Income Fund - 26-Jun-06 10.00 0.148 0.0148 0.137 0.0137 10.2581Quarterly Dividend 15-Mar-07 10.00 1.552 0.1552 1.446 0.1446 10.344415-Jun-07 10.00 1.776 0.1776 1.653 0.1653 10.263217-Sep-07 10.00 1.971 0.1971 1.834 0.1834 10.653417-Dec-07 10.00 2.047 0.2047 1.905 0.1905 10.829117-Mar-08 10.00 2.314 0.2314 2.154 0.2154 10.976716-Jun-08 10.00 1.637 0.1637 1.524 0.1524 10.7403Birla Sun Life Liquid Plus - 27-Jun-08 10.00 0.536 0.0536 0.499 0.0499 10.1271Institutional Monthly Dividend 25-Jul-08 10.00 0.546 0.0546 0.508 0.0508 10.134029-Aug-08 10.00 0.710 0.0710 0.660 0.0660 10.1593Birla Sun Life Liquid Plus - 27-Jun-08 10.00 0.523 0.0523 0.487 0.0487 10.1181Retail Monthly Dividend 25-Jul-08 10.00 0.550 0.0550 0.512 0.0512 10.126929-Aug-08 10.00 0.687 0.0687 0.639 0.0639 10.1487Birla Sun Life Short Term Fund - 27-Jun-08 10.00 0.402 0.0402 0.374 0.0374 10.5983Monthly Dividend 25-Jul-08 10.00 0.532 0.0532 0.495 0.0495 10.621229-Aug-08 10.00 0.727 0.0727 0.677 0.0677 10.6501After 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.41

S e p t e m b e r 2 0 0 8Methodology of Ranking#Value Research RatingsThe Ratings are a Composite Measure of historical Risk-Adjusted Returns. For Equity and Hybrid Funds, Ratings for the two time periods (3and 5 years) are combined to give a single assessment of each fund’s risk rating vis-à-vis other funds in the category. For Debt funds andLong & Medium-term Gilt funds, the Ratings are arrived at by combining the assessment for 2 time periods (18 months and 3 years), basedon weekly risk-adjusted performance. For Short-term and Ultra Short-term debt funds and Short-term Gilt funds, the Ratings are based on18-month weekly risk-adjusted performance, relative to the other funds in category. Entry/Exit Loads not considered.5-stars indicate that fund is in top 10% of its category. 4-stars indicate that fund is in next 22.5% of its category. Following is the number ofschemes in each category: Equity Diversified (217), Equity: Index (25), Equity Tax Planning (30), Hybrid: Equity Oriented (32), Hybrid: DebtOriented (31), Hybrid: Monthly Income (38), Debt: MT (52), Debt: ST (24), Debt: Ultra ST (51), Debt: Ultra ST-Inst. (56), Debt: Floating RateST (13) Debt: Floating Rate LT (12), Gilt: Medium and LT (44), Gilt: ST (16). Fund Ratings are as on 31 Aug’08. Ranking Source:www.valueresearchonline.comParametersSuperior Return ScoreMean Return and VolatilityPortfolio Concentration AnalysisLiquidity AnalysisAsset QualityAverage MaturityDownside Risk ProbabilityAsset SizeHistoric performance on CRISIL~CPRScheme CategoryLarge Cap Oriented Equity, Diversified Equity, ELSS, Balanced, Debt, MIP (Aggressive &Conservative), Gilt-Long and Consistent CPR Performers – Equity, Balanced and DebtDebt-Short, Liquid Plans & Consistent CPR Performers - LiquidAll SchemesAll SchemesDebt SchemesDebt SchemesDebt- Short Term, Liquid, Liquid Plus, Liquid- Institutional & Super InstitutionalDebt- Short Term, Liquid, Liquid Plus, Liquid- Institutional & Super InstitutionalConsistent CPR Performer – Equity, Balanced, Debt and Liquid categories@ICRA – Ranking Methodology and DisclaimerBirla Sun Life Short Term Fund - Growth (Category: Liquid Plus Scheme, No of Schemes = 26) & Birla Sun Life Income Plus - Growth (Category:Debt Long Term, No of Schemes = 18) are ranked 7 - Star at ICRA Mutual Funds Awards 2007 for 1 yr performance for period ended 31 Dec. ’07.Ranks are based on in-depth analysis of critical parameters, including: risk-adjusted performance; portfolio concentration characteristics; liquidity;corpus size; average maturity; and portfolio turnover. Entry/Exit Loads not considered. Ranking Source & Publisher: ICRA Online.+ ICRA mfAAA and mfA1+ Rating Methodology for Birla Floating Rate (Short Term & Long Term) and Birla Cash Plus RespectivelyBirla Sun Life Floating Rate Fund – Short Term Plan & Birla Sun Life Floating Rate Fund – Long Term Plan: The credit risk rating assigned to theschemes is mfAAA. The rating is the highest-credit-quality rating assigned by ICRA to debt funds. Birla Sun Life Cash Plus: The credit risk ratingassigned 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 debtfund’s assets, ICRA uses the concept of ”credit scores”, based on ICRA’s assessment of credit risk associated with each exposure of the portfolio takinginto account its maturity, investment objectives and policies, its management characteristics and the creditworthiness of its investment portfolio. ICRAreviews 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 and Birla Sun Life Cash Manager, Birla SunLife Income FundAAAf 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 policiesand internal controls. Credit quality incorporates the credit risk of securities and the counter-party risk involved in transactions CRISIL has developed aCredit Quality Matrix to evaluate a bond fund’s overall level of protection against losses associated with credit default. The matrix is a set of creditfactors & credit scores derived scientifically from CRISIL’s rating default and transition rates over past ten years. Ranking source: CRISILFundServices, CRISIL Ltd.^^Crisil CPR – Ranking Methodology & DisclaimerBirla Sun Life Equity Fund: CRISIL~CPR 1 - in Consistent CPR Performer - Equity (24 Schemes)Birla Sun Life Basic Industries Fund: CRISIL~CPR 2 - in Diversified Equity Scheme Category (86 schemes)Birla Sun Life Balance: CRISIL~CPR 2 - in Balanced Schemes Category (16 Schemes)Birla Sun Life Frontline Equity Fund: CRISIL~CPR 2 -In Diversified Equity Scheme Category (87 Schemes).Birla Sun Life Income Fund: CRISIL~CPR 1 - Income Scheme Category (20 Schemes)Birla Sun Life Income Plus: CRISIL~CPR 2 - Consistent CPR Performer - Debt (13 Schemes)Birla Sun Life Monthly Income: CRISIL~CPR 2 - MIP Conservative Scheme Category (9 schemes)Birla Sun Life Short Term Fund - Retail Plan: CRISIL~CPR 1 - Debt Short Term Scheme Category (18 Schemes).Birla Sun Life Cash Plus - Institutional: CRISIL~CPR 2 - Liquid Inst. Scheme Category (9 schemes)Birla Sun Life Cash Plus - Institutional Premium: CRISIL~CPR 2 - Liquid Super Inst. Scheme Category (16 Schemes).Birla Sun Life Cash Plus - Retail Plan: CRISIL~CPR 2 Consistent CPR Performer - Liquid (28 Schemes)Birla Sun Life Gilt Plus - Regular Plan: CRISIL~CPR 1 - Gilt Scheme Category (14 schemes)Birla Sun Life Income Plus: CRISIL~CPR1 - Income Scheme Category (20 schemes)Birla Sun Life Infrastructure Fund: CRISIL~CPR 2 - in Diversified Equity Scheme Category (86 schemes)CRISIL~Composite Performance Ranking - (CRISIL~CPR) is the relative performance ranking of mutual fund schemes within the peergroup. The criteria used for computing the ranking are AUM in excess of category cut-off limits & portfolio disclosure and performance incase of Liquid Plans, Floating Rate and Debt-Short Term – Last 1 years; All other Schemes – Last 2 years and 5 yrs CPR track record forconsistent CPR Performers. Fund Ratings are as on 30 June ’08. Ranking is done on the following parameters depending on schemecategory.CRISIL~CPR 1 - indicates “Very Good" performance & ranks within top 10% of the respective category.CRISIL~CPR 2 - indicates “Good" performance & ranks within top 30% of the respective category.Ranking Source: Crisil FundServices, CRISIL Limited&Lipper Awards 2008 – Award Methodology & DisclaimerBirla Sun Life ‘95 Fund – Growth (BSL‘95): Best Fund - 10 yr performance (1997 - 2007), Mixed Asset INR Aggressive, No. of schemes: 6Birla Sun Life Income Fund - Growth (BSLIF): Best Fund - 3yr (2004 - 2007) & 10 yr (1997 - 2007) performance, Bond INR - General, No.of schemes: 100Birla Sun Life Gilt Plus - Regular Growth (BSLGP-Reg): Best Fund - 5 yr performance (2002 - 2007), Bind INR Govt, No. of Schemes: 35Birla Sun Life Tax Relief '96 (BSLTR'96): 3rd Rank (Top Performing Equity funds in the world) - 10 yr performance (1997 - 2007), EquityFunds, No. of Schemes: 6302BSL’95, BSLIF & BSLGP - Reg are awarded the Lipper Award 2008 and BSLTR’96 has been ranked 3rd among the top 100 equity funds in theworld on the basis of Consistent Return (Effective Return) value. Entry/Exit load not considered. Ranking source: Lipper - A Reuter Co.@@S & P Fund Management RatingStandard & Poor’s A: The fund demonstrates high standards of quality based on its investment process, risk awareness and consistency ofperformance relative to its own objectives. Ranking Methodology: The Fund has provided consistent, above average, risk-adjusted returnsrelative 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 ofqualitative 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 & DisclaimerBirla Sun Life Mutual Fund - Mutual Fund of the Year: Birla Sun Life Mutual Fund won the CNBC TV18 - CRISIL Mutual Fund of the YearAward in the Category – Mutual Fund of the Year. In total 26 fund houses were eligible for the award universe. Fund Houses winning at leasttwo awards for their schemes in the category level awards for 2007 were considered for the award. The award is based on consistency offund house’s performance across various scheme categories in the four quarterly CRISIL CPR rankings released during the calendar year2007. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fundhouses.Birla Sun Life Infrastructure Fund – Growth - Emerging Equity Fund of the Year: Birla Infrastructure Fund - Growth was the only schemethat won the CNBC TV18 - CRISIL Mutual Fund of the Year Award in the Emerging equity Fund of the year category. In total 14 schemes wereeligible for the award universe. Open ended equity schemes having a one to two year track record as on December 31, 2007 and fulfillingCRISIL’s eligibility criteria on disclosure were considered for the award. The award is based on the scheme’s performance using theanalytical 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 winnersBirla Sun Life Income Fund (Income Funds), 17 schemes: Only winnerBirla Sun Life Monthly Income (Monthly Income Plans – Conservative), 9 schemes: Only winnerBirla Sun Life Short Term Fund (Income – Short Term Funds), 12 schemes: Only winnerSchemes present in all four quarter CRISIL CPRs were considered for the award. The award is based on consistency of scheme’sperformance in the four quarterly CRISIL CPR rankings released during the calendar year 2007. The individual CRISIL CPR parameter scoresaveraged for the four quarters were further multiplied by the parameter weight as per the CRISIL CPR methodology to arrive at the finalscores. 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.42AGRA : 0562-2524409AHMEDABAD : 079-2640 3553 / 48AJMER : 9983318002ALLAHABAD : 0532-2427014 / 15 /3201661AURANGABAD : 0240-6453599BANGALORE : 080-2238 9991 / 2 / 3BARODA : 0265-658 2984 / 2986BHUBANESHWAR : 0674-253 5521 / 3413CHANDIGARH : 0172-2783556-57CHENNAI : 044-4204 5003 / 2819 1681 / 4204 5002/ 2811 6610COCHIN : 0484-238 3969 / 236 6817COIMBATORE : 0422-435 0262 / 64DEHRADUN : 0135-3241324 / 9837431731For further details on our Funds, please contact our Customers Service Centres at details given below.BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD. BRANCHESGOA : 0832-243 7628 / 29GURGOAN : 0124-4235974 / 75GUWAHATI : 0361-259 5020 / 259 9273INDORE : 0731-504 0496 / 253 4502 / 504 6789JAIPUR : 0141-238 9082 / 9115 / 511 6883JAMSHEDPUR : 0657-6456127JODHPUR : 9828992999KANPUR : 0512-233 1116 / 21 / 324 6000KOLKATA : 033-2288 2592 / 94 / 95 / 2288 2614 / 16LUCKNOW : 0522-409 4110 / 11 / 323 6000LUDHIANA : 0161-508 8847 / 277 1217MADURAI : 0452-2382566 / 67MUMBAI (FORT) : 022-6637 9999MUMBAI (GHATKOPAR) : 022-3268 1373MUMBAI (HEAD OFFICE) : 022-6692 8000MUMBAI (PRABHADEVI) : 022-6666 1035 / 36MYSORE : 0821-4244400 / 1 / 2NAGPUR : 0712-663 0899 / 4300NASHIK : 0253-657 3474 / 320 1125NEW DELHI : 011-2332 3070PATNA : 0612-220 7022 / 23 / 389 0873PUNE : 020-66011865 / 66 / 67RAIPUR : 0771-4266894SECUNDARABAD : 040-6531 1052 / 3580 / 2772 1818SURAT : 0261-658 1707 / 1708THANE : 022-67930660 / 61UDAIPUR : 9828215143VARANASI : 0542-222 7755 / 56Disclaimer: 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 AMCLtd./ 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 bedisplayed 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 / otherprofessionals) 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 responsibilityfor 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 Limtied and Sun Life (India) AMC Investments Inc. (liability restricted to seed corpus of Rs. 1Lac). 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 guaranteethat 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. Pastperformance 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 atInvestor 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.

NFO opens 15th Sept ,2008 NFO closes 14th Oct , 2008