Annual Fund Reports - Apr '08 - Mar ' - Tata AIA Life Insurance

Pension Short-TermFixed Income FundAnnual Investment Report March, 2009.Investment Objective: The primary objective is to generate Stable returns by investing in fixed income securities having maturitiesbetween 1 & 3 years.Nav Calculation: DailyFund Manager: Mr. Vivek SoodPERFORMANCE - PENSION SHORT-TERM FIXED INCOME FUND(NAV [in Rs.] & CRISIL Short-Term Bond Index as on 31-Mar-09 was 11.5974 and 1541.8147 respectively)PERIOD DATE NAV CRISIL Short-Term Bond Index NAV Change INDEX ChangeLast 1 Month 27-Feb-09 11.5422 1539.7483 0.48% 0.13%Last 3 Months 31-Dec-08 11.2314 1513.0129 3.26% 1.90%Last 6 Months 30-Sep-08 10.7701 1441.3512 7.68% 6.97%Last 1 Year 31-Mar-08 10.5556 1404.3104 9.87% 9.79%Last 2 Year 31-Mar-07 10.0100 1290.6700 15.86% 19.46%Since Inception 3-Jul-06 10.0000 1242.3300 15.97% 24.11%Note: The investment income and prices may go down as well as up.RATING PROFILEASSET ALLOCATION0.72%6.60%5.21%0.72%87.47%87.47%6.60%5.21%Sovereign AAA P1+ Cash, Bank & OthersGovernment SecuritiesCD/CP'sCorporate BondsCash, Bank & OthersRATINGS% to NAVSovereign 0.72AAA 87.47P1+ 5.21Cash, Bank & Others 6.60TOTAL 100.00ASSET ALLOCATION % to NAVGovernment Securities 0.72Corporate Bonds 87.47CD/CP's 5.21Cash, Bank & Others 6.60NET ASSETS 100.00100.00%80.00%60.00%40.00%20.00%0.00%MATURITY PROFILELess than 1 Year1-3 YearsPORTFOLIOInstrumentRating % of NAVGovernment Securities 0.729.39% GOI 2011 Sovereign 0.72Corporate Bonds 87.478.40% EXIM Bank 2010 AAA 11.279.05% IDFC 2009 AAA 7.817.20% HDFC 2010 AAA 3.338.60% IDFC 2011 AAA 24.809.45% LIC Housing 2012 AAA 40.26CD/CP's 5.21Canara Bank 2009 - CD P1+ 5.21Cash, Bank & Others 6.60Cash, Bank & Others 6.60NET ASSETS 100.005