Methodology of Ranking F e b r u a r y 2 0 0 7
# Value Research Ratings Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted average monthly returns for the last 3 and 5-year periods. In the case of debt funds this rating is based on the weighted average weekly returns for the last 18 months and 3-year periods and in case of short-term debt funds - weekly returns for the last 18 months. These ratings do not take into consideration any entry or exit load. Five-stars indicate that a fund is in the top 10 per cent of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 22.5 per cent of its category, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. The number of schemes in each category is mentioned along side the categories name. Equity Diversified (173), Equity : Index (22), Equity Tax Planning (29), Hybrid Equity Oriented (32), Hybrid: Monthly Income (38), Debt: Medium-term (44), Gilt: Medium and Long-term (41), Gilt: Shortterm (16), Debt: Ultra Short-term (53), Debt: Ultra Short-term Institutional (50), Debt: Short-term (22), Debt: Floating Rate Short-term (22) Debt: Floating Rate Long-term (16), Hybrid: Debt-oriented (32). These Fund Ratings are as on January 31, 2007. The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the accuracy. ^CNBC Award Methodology CNBC TV18 - CRISIL Mutual Fund of the Year Award for Birla Income Plus Plan B and Birla Bond Plus - Retail Birla Income Plus Plan B was among the 2 schemes that won the CNBC TV18 - CRISIL Mutual Fund of the Year Award in the Open - ended Income Funds Category. In total 13 schemes were eligible for the award universe.Birla Bond Plus - Retail was among the 2 schemes that won the CNBC TV18 - CRISIL Mutual Fund of the Year Award in the Openended Income-Short Term Funds Category. In total 14 schemes were eligible for the award universe schemes present in all four quarter CRISIL CPRs were considered for the award. The awards are based on consistency of schemes' performance in the four quarterly CRISIL CPR rankings released during the calendar year 2004. The individual CRISIL CPR parameter scores averaged for the four quarters and further multiplied by the parameter weight as per the CRISIL CPR methodology to arrive at the final scores. The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, Average Maturity, Concentration, Liquidity and Asset Quality of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indication of the performance that can be expected from the scheme in future. A detailed methodology of the CRISIL CPR is available at www.crisil.com. Rankings and Award Source: CRISIL Fund Services, CRISIL Ltd. @ICRA - Ranking Methodology & Disclaimer: Birla Gilt Plus - Liquid Plan has been has been ranked ICRA MFR 1 and awarded the ICRA Mutual Fund Gold Award in the category Gilt - Short Term for its 3 year performance till December 31, 2005. The Award indicates the best performance within the stated category, which had a total of 11 similar schemes, including this scheme. The rank is an outcome of an objective and comparative analysis against various performance parameters, including: risk adjusted return; fund size, Sector Concentration, Portfolio turnover, liquidity, company concentration and average maturity. The ranking methodology did not take into account the entry and exit loads imposed by the Fund. ICRA Mutual Fund Award(s)/Rank(s) are not a comment on the prospective returns, appreciation potential or future net asset value of the Mutual Fund Scheme rated. ICRA Mutual Fund Awards are not recommendations to invest or not to invest in the Mutual Fund Schemes awarded. Ranking Source & Publisher: ICRA/ICRA Online Ltd. * CRISIL AAAf Rating Methodology for Birla Bond Plus and Birla Sun Life Cash Manager The assigned rating indicates that Birla Bond Plus and Birla Sun Life Cash Manager's proposed portfolio holdings provide strong protection against losses due to credit default. The above schemes are open-ended schemes and managed by Birla Sun Life Asset Management Company (BSLAMCL). Rating Methodology: CRISIL's assessment of a fund's credit quality is based on the creditworthiness of the fund's portfolio. CRISIL has developed a credit quality matrix to assess aggregate credit quality of the underlying portfolio of a fund. The matrix is a set of credit factors and credit scores derived scientifically from the default and transition rates of CRISIL's long-term ratings. These credit factors reflect the expected default behaviour of the respective securities in the portfolio and the expected deterioration in their credit quality. For each individual security, the lower the credit factor, the higher is its inherent credit quality. The credit factors are applied to the proportion of securities in each rating category to arrive at the credit score for the portfolio. The rating on the fund is assigned based on the credit score given to the respective fund. The Fund needs to maintain, at all times, a credit score that corresponds to its assigned rating. BSLAMCL will be furnishing a warranty to this effect. In case the Fund is not able to seek prior approval from CRISIL before investing in securities not rated by CRISIL, the Fund will report its portfolio to CRISIL within two working days from the end of the week in which such investment is made. If, due to such investments, the credit score of the Fund exceeds the limit applicable for the Fund's rating, the Fund gets a curing period of five working days from such disclosure. In case a particular investment in the Fund's portfolio is downgraded and this has resulted in its credit score crossing the specified limit, the Asset management company (AMC) has 30 days to restructure the portfolio to achieve the target credit score. @@ STANDARD & POOR'S FUND AWARDS 2004 Methodology Funds must have minimum assets under management of US $ 4m, as at end of June 2003. The Offshore fund universe for the purposes of these Awards excludes funds that are domiciled in Luxembourg or Ireland. Awards are calculated for 1 and 5 years. There must be a minimum of 10 funds in a sector to qualify for the calculation. For detailed methodology, kindly visit http://www.funds-sp.com S & P FUND MANAGEMENT RATING Fund Management Ratings: A S&P Rating is its current opinion of a fund's adherence to consistent investment processes combined with the level of volatility adjusted returns. In S & P's opinion, funds which adhere to disciplined processes and exhibit strong management, are more likely, over the long run, to provide consistent, above average volatility adjusted returns, relative to the funds in the same sector. The rating is based on an evaluation of qualitative (management, investment process and organization) and quantitative (historic performance, portfolio construction and volatility) factors which contribute to long term performance. The rating does not address, the market, credit or counter party risk of a fund, nor a fund's suitability as a counter party or obligor. Ratings Definition: Funds rated in the AAA to A categories demonstrate to S & P an ability to provide above average volatility, adjusted returns over long term period (relative to funds in the same sector) along with a strong ability to adhere to a consistent investment process. The differentiation in the rating categories is based on quantitative factors along with Standard & Poor's The McGraw-Hill Companies's assessment of the investment process and management. AAA: A fund which demonstrates an extremely strong ability to adhere to consistent investment processes and provides above average volatility adjusters returns relative to tunds with similar objectives.; AA: The fund demonstrates very high standards of quality in its sector based on its investment process and management's consistency of performance as compared to funds with similar objectives.; A: The fund demonstrates a high standard or quality in its sector based on its investment process arid management's consistency of performance as compared with funds with similar objectives; NR: Funds designated as NR (not rated) currently do not meet the requisite performance standards and /or the minimum qualitative criteria.
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CRISIL CPR - Ranking Methodology & Disclaimer: Birla Income Plus Plan B: CRISIL~CPR 2 Open End Debt Scheme, January 2005- December 2006 CRISIL~CPR 2 The composite performance of Birla Income Plus Plan B is “Good” in the Open End Debt Category, and ranks within the Top 30% of the 19 schemes ranked in this category. The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the 2-year period ended December 31, 2006, Average Maturity, Concentration, Liquidity and Asset Quality of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indication of the performance that can be expected from the scheme in future. Ranking Source: CRISIL FundServices, CRISIL Limited Birla Sun Life Income Fund: CRISIL~CPR 1 Open End Debt Scheme, January 2005- December 2006 CRISIL~CPR 1 The composite performance of Birla Sun Life Income Fund is “Very Good” in the Open End Debt Category, and ranks within the top 10% of the 19 schemes ranked in this category. The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the 2-year period ended December 31, 2006, Average Maturity, Concentration, Liquidity and Asset Quality of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indication of the performance that can be expected from the scheme in future. Ranking Source: CRISIL FundServices, CRISIL Limited Birla Bond Plus Retail: CRISIL~CPR 2 Open End Debt Short Term Scheme, January 2006- December 2006 CRISIL~CPR 2 The composite performance of Birla Bond Plus Retail is “Good" performance in the Open End Equity Category, and ranks within the Top 30% of the 18 schemes ranked in this category. The criteria used in computing the CRISIL Composite Performance Rank are Mean Return, Volatility, based on NAVs over the 1-year period ended December 31, 2006, Asset size, Concentration, Average Maturity, Asset Quality & Downside Risk Probability of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indication of the performance that can be expected from the scheme in future. Ranking Source: CRISIL FundServices, CRISIL Limited Birla Sun Life Short Term Fund: CRISIL~CPR 1 Open End Debt Short Term Scheme, January 2006- December 2006 CRISIL~CPR 1 The composite performance of Birla Sun Life Short Term Fund is “Very Good" performance in the Open End Equity Category, and ranks within the Top 10% of the 18 schemes ranked in this category. The criteria used in computing the CRISIL Composite Performance Rank are Mean Return, Volatility, based on NAVs over the 1-year period ended December 31, 2006, Asset size, Concentration, Average Maturity, Asset Quality & Downside Risk Probability of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indication of the performance that can be expected from the scheme in future. Ranking Source: CRISIL FundServices, CRISIL Limited Birla Gilt Plus Regular Plan: CRISIL~CPR 2 Open End Long Term Gilt Scheme, January 2005 - December 2006 CRISIL~CPR 2 The composite performance of Birla Gilt Plus Regular Plan is “Good” in the Open End Long Term Gilt Category, and ranks within the Top 30% of the 18 schemes ranked in this category. The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the 2-year period ended December 31, 2006, Average Maturity and Liquidity of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indication of the performance that can be expected from the scheme in future. Ranking Source: CRISIL FundServices, CRISIL Limited Birla Cash Plus Institutional: CRISIL~CPR 2 Open End Institutional Liquid Scheme, January 2006 - December 2006 CRISIL~CPR 2 The composite performance of Birla Cash Plus - Institutional is “Good” in the Open End Liquid Institutional Category, and ranks within the Top 30% of the 13 schemes ranked in this category. The criteria used in computing the CRISIL Composite Performance Rank are Mean Return, Volatility, based on NAVs over the 1-year period ended December 31, 2006, Asset size, Average Maturity, Downside Risk Probability, Company Concentration & Asset Quality of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indication of the performance that can be expected from the scheme in future. Ranking Source: CRISIL FundServices, CRISIL Limited Birla Cash Plus Institutional Premium: CRISIL~CPR 2 Open End Liquid Scheme, January 2006 - December 2006 CRISIL~CPR 2 The composite performance of Birla Cash Plus Institutional Premium is “Good” in the Open End Liquid Super Institutional Category, and ranks within the Top 30% of the 16 schemes ranked in this category. The criteria used in computing the CRISIL Composite Performance Rank are Mean Return, Volatility, based on NAVs over the 1-year period ended December 31, 2006, Asset size, Average Maturity, Downside Risk Probability, Company Concentration & Asset Quality of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indication of the performance that can be expected from the scheme in future.Ranking Source: CRISIL FundServices, CRISIL Limited Birla Sun Life Equity Fund: CRISIL~CPR 2 Open End Diversified Equity Scheme, January 2005 - December 2006 CRISIL~CPR 2 The composite performance of Birla Sun Life Equity Fund is “Good” in the Open End Diversified Equity Category, and ranks within the Top 30% of the 53 schemes ranked in this category The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the 2-year period ended December 31, 2006, Concentration and Liquidity of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indication of the performance that can be expected from the scheme in future. Ranking Source: CRISIL FundServices, CRISIL Limited
Our Investment Team (In alphabetical order): A. Balasubramanian Chief Investment Officer Ajay Argal Senior Fund Manager-Equity Ajay Garg Fund Manager-Equity Atul Penkar Research Analyst-Equity Gaurav Kapur Research Analyst-Equity Jayesh Gandhi Fund Manager-Equity Lokesh Mallya Credit Analyst-Fixed Income Mahesh Patil Fund Manager-Equity Maneesh Dangi Fund Manager-Fixed Income Navneet Munot CIO-Fixed Income, Hybrid Funds Naysar Shah Equity Analyst Prasad Dhonde Credit Analyst Satyabrata Mohanty Fund Manager-Fixed Income Sharad Ramnarayanan Research Analyst / Secondary Fund Manager Sujit Patki Dealer-Equity Sunaina da Cunha Credit Analyst-Fixed Income Vineet Maloo Equity Analyst
Market Outlook F e b r u a r y 2 0 0 7
EQUITY MARKET Indian manufacturing sector is on a roll. The November manufacturing IIP soared 15.7% YoY, driven primarily by robust growth in Transport Equipments (+22%) and Machinery (+17%) segments. Overall industrial production rose 14.4% as mining sector (+ 7.04%) also joined the party after an extended low growth period. Continuing the growth momentum corporate earnings delivered a surprise on the upside. Companies in our Investment Universe showed 28% rise in Sales while EBITDA growth of 56% was higher than that of BSE Sensex companies as margins expanded to 16.8% (+300 bps). Net Profits also showed superior growth at 69% due to control over interest and depreciation costs. The quarter was characterized by increased capacity utilization and Earnings Growth BSE Sensex* BSE 500* Investment consequently EBITDA margins for BSE 500 companies expanded 331 Universe (247 Cos.)* bps to 18.9% as operating leverage kicked in. We also witnessed improved pricing power as companies passed on cost increases to Sales Growth 35% 30% 28% their customers. EBITDA Growth 36% 58% 56% Going forward, one needs to watch developments on employee costs, Net Profit Growth 40% 80% 69% which are likely to rise as businesses look to expand their pool of skilled workers. Interest cost is another component likely to show rising trend * Excludes banks and includes companies that have reported Dec-06 quarter results upto 02-Febon account of (a) increased borrowings to fund capacity expansions; and (b) rising interest rates. After a gap of 15 years, Standard & Poors (S&P) upgraded India's foreign and local currency rating back to investment grade (BBB-/A3 from BB+/B). Now all the three major international rating agencies (S&P, Moody's and Fitch) have Investment grade rating on India. This should make accessing foreign capital easier and cheaper for domestic companies. We view this as a very positive development. The Sensex rose 2.2% closing at 14,090 after touching a high of 14,326. Clearly, the market has been factoring in the performance of companies, re-rating stocks rewarding performers and punishing the under achievers. FII inflows during the month stood at $113 mn while that during Apr'06-Jan'07 aggregated $4.1 bn. Mutual Funds recorded negative flows of $303 mn (Rs. 1342 Crs), leaving the Apr'06-Jan'07 net purchases at $2.41 bn. On policy front both the Government and the RBI targeted the rising inflation. On one side, the Government reduced custom duties on basic materials including cement, metals & alloy products, chemicals etc; and, on No. of Companies the other, the RBI raised reverse repo rate making accommodation costlier for commercial banks. We are likely to see more focused and directed policy steps to contain inflation rather than general measures that Net Profit (Rs. Crs) 9M Dec'06 9M Dec'05 could hurt economic growth. These proactive steps targeted to mitigate risks to economic growth should be < 50 Crs 143 219 interpreted as a positive signal. >= Rs. 50 Crs 292 216 We believe that Indian companies are increasingly enhancing scale of their operations. This is a result of robust demand in domestic market as well as the ambition to have global footprint to be able to service a >= Rs. 100 Crs 161 124 larger market. Incidentally, our research shows that the number of companies with Net Profit (for nine months ended Dec'06) of Rs. 100 Crs or more, has risen from 124 to 161; and those with Net Profit of Rs. 1,000 Crs >= Rs. 500 Crs 59 39 that has increased to 27 from 15. >= Rs. 1,000 Crs 27 15 Recently concluded acquisition of Corus Steel by the Tatas is a landmark deal. Not only does it represent a >= Rs. 5,000 Crs 3 2 new aggressive mindset viewing globalisation as a business compulsion, but also supports our hypothesis of Indian corporates vying for scale. We believe that India Inc would continue scale expansion through organic >= Rs. 10,000 Crs 1 1 and inorganic routes in the coming years. * Total 435 Companies Outlook Corporate Earnings have already surpassed initial estimates by a wide margin. Moving forward into the next fiscal, although growth rates could moderate on account of the elevated base, absolute earnings are expected to be much higher. Given the strong growth momentum in household savings and low exposure to equity as an asset class, we continue to believe that equity mutual fund schemes provide attractive opportunities to create wealth for medium to long-term investors. DEBT MARKET Review of bond markets, economy and RBI's quarterly policy: The start of the New Year saw bond yields continuing their rising streak though recovered some lost ground towards month-endfag-end rally after the S&P rating upgrade and RBI policy review helped market recover some of its lost ground. Deficit in liquidity, passage of ordinance on bank SLR decree, rising inflation, strong economic data and pre-policy jitters caused a sell-off in bonds. The 10-year benchmark bond yield rose from previous month's close of 7.62% to an intra-month high of 7.93% before closing at 7.73%. The curve steepened as yields at the long-end saw a sharp rise. The call rates ended the month at 7.70-7.80%. The 91-day commercial paper reference rate was up from 9.25% to 9.35% and the yield on 91-day T-bills sharply rose to 7.56% from 7.19%. Early in the month, transient improvement in fund surplus failed to prop up bonds as confluence of negative factors took a heavy toll on the markets. Cash tight liquidity situation due to the second leg of the CRR hike coupled with auction outflows instilled caution. With the government throwing open the authority to the RBI to lower the statutory liquidity ratio (SLR) requirement, panic selling in the market panicked upsurged and yields rose to their multi-month highs. Healthy economic data worsened sentiment further as they increased probability of statistically provided credence to the belief of the Indian economy growing strong and thus justified an absolute need for a rate hike in the January policy review. The optimism generated from the government's move of a cut in import duties so as to curb inflation was balanced by the bearish cut-off price at the auction and the Presidential approval of the SLR decree. However, we took a contrarian view and increased our duration across funds as we believed that most of the negatives were priced in, and probablity of SLR cut in a busy season looked remote to us. RBI increased the Repo rate by 25bps, and kept Reverse repo rate unchanged. In face of surging flow of money from abroad, the RBI decided to reduce the interest rates ceilings on non-resident external rupee account and FCNR deposits by 0.5% and 0.25% respectively. To rein in growth in bank credit, the RBI raised the provisioning requirement of the standard assets in the real estate sector, outstanding credit card receivables, loans and advances qualifying as capital market exposure and personal loans and advances (excluding residential housing loans) to 2% from 1% earlier. Meanwhile, driven by a robust manufacturing sector, domestic industrial output clocked a growth of 14.4% in November '06 as against 6% in November '05, the fastest in 11 years. Reflecting the government's optimism of meeting deficit targets for the year, the fiscal deficit for the nine-month period Apr-Dec'06 declined to Rs 948.5 billion (63.8% of the full-year target of Rs 1.49 trillion) from Rs 1.08 trillion on the back of robust tax receipts. Global Markets- Interest rate signals across the globe: Accelerated inflation and economic growth prompted the Bank of England to raise lending costs by a quarter point to 5.25% - highest in five and half years. Though the ECB held its interest rate steady at 3.50%, it is likely to raise it by 25 bps in March in view of strong GDP growth and tight labour markets. with y-o-y GDP growth being way ahead of the long-term sustainable rate and unemployment is at its lowest level in the past several years, a 25 bps hike in March is most likely on the cards. The Bank of Japan left its interest rates unchanged at 0.25% because of economic uncertainties. At the FOMC meet, the Fed preferred to maintain a status quo on its interest rates as it has since June 2006, but it was more optimistic than in the past that inflationary pressures were easing. The FOMC statement said that the extent and timing of any additional firming would depend on the evolution of the outlook for both inflation and economic growth. Elsewhere in the region, China raised rates while other Asian central banks such as South Korea, Thailand and Malaysia kept borrowing costs unchanged or reduced them on concern that a slowdown in the U.S. will hurt demand for exports. Outlook for bond markets: Our assesment of RBI Quarterly policy is that central bank is likely to keep the system in deficit liquidity mode, and the short term interest rates are expected to remain at elevated levels. In the event of excessive foreign capital flows and government spending, we expect RBI to do a follow up act by hiking CRR or increasing issuance of MSS. RBI refrained from tinkering with SLR, and reinforced the idea that borrowing from RBI in the LAF window should be used for temporary periods. This augurs well for Long G-sec bonds as RBI is unlikely to cut SLR anytime soon. Fear of SLR cut is postponed for at least three months. Accrual products like liquid funds, floating rate funds and Fixed Maturity Plans would be in a position to capitalize on tight liquidity situation and high money market rates.
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Birla Advantage Fund Investment Style: Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective:
Market Value Rs. in. Lacs
% to Net Assets
An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through a diversified research based investment approach.
Banks ICICI Bank Ltd. UTI Bank Ltd. State Bank of India Indian Overseas Bank.
6066.00 2651.63 1271.83 1251.86 890.68
11.71 5.12 2.45 2.42 1.72
Date of inception / takeover:
Industrial Capital Goods Bharat Heavy Electricals Ltd. Bharat Electronics Ltd. Larsen & Toubro Ltd.
5205.96 2908.71 1195.60 1101.66
10.05 5.61 2.31 2.13
Software Subex Azure Ltd. Infosys Technologies Ltd. Tata Consultancy Services Ltd. Satyam Computer Services Ltd.
4954.53 1693.00 1556.32 956.06 749.15
9.56 3.27 3.00 1.84 1.45
Cement ACC Ltd. Gujarat Ambuja Cements Ltd. Grasim Industries Ltd. Dharti Dredging & Construction Ltd.**
4730.43 2188.33 1337.21 1194.78 10.11
9.13 4.22 2.58 2.31 0.02
BSE Sensex
Consumer Non Durables ITC Ltd. United Spirits Ltd. Hindustan Lever Ltd. McDowell Holdings Ltd.##
4725.65 2350.86 1617.12 757.67 -
9.12 4.54 3.12 1.46 -
Corpus:
Telecom-Services Bharti Airtel Ltd.
4622.71 4622.71
8.92 8.92
Petroleum Products Reliance Industries Ltd. Hindustan Petroleum Corporation Ltd.
3755.06 2060.55 1694.51
7.25 3.98 3.27
Auto Tata Motors Ltd. Hero Honda Motors Ltd.
3044.18 1984.39 1059.79
5.87 3.83 2.05
Pharmaceuticals Dishman Pharmaceuticals & Chemicals Ltd. Wockhardt Ltd. Glaxosmithkline Pharmaceuticals Ltd.
2881.49 1095.71 1052.45 733.32
5.56 2.11 2.03 1.42
February 24, 1995 NAV: Dividend Growth
Rs. 91.7982 127.9623
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL Benchmark:
Issuer
Market Value Rs. in. Lacs
% to Net Assets
Pesticides United Phosphorous Ltd.
2371.39 2371.39
4.58 4.58
Hotels Indian Hotels Co. Ltd.
1331.18 1331.18
2.57 2.57
Money Market Instruments ICICI Bank Ltd.
1310.58 1310.58
2.53 2.53
Construction Nagarjuna Construction Co. Ltd.
1277.68 1277.68
2.47 2.47
Finance Housing Development Finance Corp. Ltd.
1097.68 1097.68
2.12 2.12
Gas Indraprastha Gas Ltd.
1067.33 1067.33
2.06 2.06
839.07 839.07
1.62 1.62
2541.95
4.91
51822.88
100.00
Ferrous Metals Maharashtra Seamless Ltd. Cash & Current Assets Total Net Asset
** Represents thinly traded/ non traded securities ## Mc Dowell India Spirits shares received upon demerger from Mc Dowell & Company Ltd and unlisted as on 31st January 2007 and hence not valued
Rs. 518.22 Crores
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BAF... Monthly Investment
1,000
Number of Investment periods (Since Inception) Total Investment Value of Investment (As of January 31, 2007) Return on Investment (CAGR#)
143,000
50 45
999,093
46.61 42.05 42.85
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE Sensex would have given a return of 19.12%. Dividend Reinvestment NAVs has been considered for the analysis.
30
39.82
37.5
40
35.17
35
29.85%
Asset Allocation
NAV Performance
143
33.58
29.38 25.75
25 20 15
12.49
10 5 0
1 Year
2 Years
3 Years
BAF Gr
5 Years
BSE Sensex
Since Inception
Banks Industrial Capital Goods Software Cement Consumer Non Durables Telecom-Services Petroleum Products Auto Pharmaceuticals Cash & Current Assets Pesticides Hotels Money Market Instruments Construction Finance Gas Other Equity & Preference
11.71% 10.05% 9.56% 9.13% 9.12% 8.92% 7.25% 5.87% 5.56% 4.91% 4.58% 2.57% 2.53% 2.47% 2.12% 2.06% 1.62%
# Computed after accounting for the cash flow by using XIRR method (investment internal rate of return)
Date of First Installment: March 01, 1995
5
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Dividend Yield Plus Investment Style: Value
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
Investment Objective: An Open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a welldiversified portfolio of dividend paying companies that have a relatively high dividend yield. Date of inception / takeover: February 26, 2003 NAV: Dividend Growth
Rs. 11.3402 43.2856
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL Benchmark: CNX 500 Corpus: Rs. 474.69 Crores
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BDYP... Monthly Investment
Total Investment
Consumer Non Durables Hindustan Lever Ltd. Godrej Consumer Products Ltd. Nestle India Ltd. Glaxosmithkline Consumer Healthcare Ltd. Colgate Palmolive (I) Ltd. Procter & Gamble Hygiene & Health Care Berger Paints India Ltd. Eveready Industries Ltd. E.I.D. Parry (India) Ltd.
6525.20 2394.83 773.25 741.52 600.74 532.17 510.92 481.10 402.67 88.00
13.75 5.05 1.63 1.56 1.27 1.12 1.08 1.01 0.85 0.19
Banks Andhra Bank. Syndicate Bank. Vijaya Bank. Union Bank of India. Indian Overseas Bank. Allahabad Bank.
5321.17 1898.33 1129.86 889.14 821.06 487.75 95.03
11.21 4.00 2.38 1.87 1.73 1.03 0.20
Software NIIT Technologies Ltd. HCL Technologies Ltd.
4754.28 3003.26 1751.02
10.02 6.33 3.69
Petroleum Products Chennai Petroleum Corporation Ltd. Indian Oil Corporation Ltd. Castrol (India) Ltd. Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd.
4229.40 1357.96 1114.35 1098.45 346.94 311.70
8.91 2.86 2.35 2.30 0.73 0.66
Industrial Products ESAB India Ltd. Greaves Cotton Ltd. Cummins India Ltd. Cosmo Films Ltd. ABC Bearings Ltd.
3620.06 1125.60 1029.87 1012.09 364.65 87.85
7.63 2.37 2.17 2.13 0.77 0.19
Pharmaceuticals Wyeth Ltd. Glaxosmithkline Pharmaceuticals Ltd. Novartis India Ltd.
2802.18 1900.95 722.72 178.50
5.90 4.00 1.52 0.38
Auto Ashok Leyland Ltd. Hero Honda Motors Ltd.
2476.12 1339.05 1137.07
5.22 2.82 2.40
Transportation Shipping Corporation of India Ltd. The Great Eastern Shipping Co. Ltd. Varun Shipping Company Ltd.
2439.08 1075.99 870.70 492.39
5.14 2.27 1.83 1.04
47
47,000
50
32.4
31.21
30
88,093
46.66
38.52
40
25.24
25
27.31
20
Return on Investment (CAGR#)
33.35%
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in CNX 500 would have given a return of 41.67%
15 10
9.21
5 0
1 Year
2 Years
BDYP Gr
3 Years
CNX500
Market Value Rs. in. Lacs
% to Net Assets
Fertilisers Tata Chemicals Ltd. Rashtriya Chemicals & Fertilizers Ltd.
2332.90 1729.39 603.50
4.91 3.64 1.27
Ferrous Metals Sesa Goa Ltd. Tata Steel Ltd. Tata Metaliks Ltd. Tata Sponge Iron Ltd.
2239.11 1284.11 579.94 285.98 89.08
4.72 2.71 1.22 0.60 0.19
Hardware Tata Elxsi Ltd. HCL Infosystems Ltd.
1641.76 1004.48 637.28
3.46 2.12 1.34
Oil Oil & Natural Gas Corporation Ltd.
1526.25 1526.25
3.22 3.22
Chemicals Clariant Chemicals India Ltd.
1355.03 1355.03
2.85 2.85
Industrial Capital Goods Alfa Laval (India) Ltd.
1318.29 1318.29
2.78 2.78
Paper Tamil Nadu Newsprint & Papers Ltd.
1152.91 1152.91
2.43 2.43
Telecom-Services Mahanagar Telephone Nigam Ltd.
498.45 498.45
1.05 1.05
Finance LIC Housing Finance Ltd.
492.21 492.21
1.04 1.04
Power Neyveli Lignite Corporation Ltd.
394.82 394.82
0.83 0.83
Health Care Equipment Rayban Sun Optics India Ltd.
246.97 246.97
0.52 0.52
Auto Ancillaries Rane (Madras) Ltd. Wheels India Ltd.
117.76 73.43 44.34
0.25 0.15 0.09
1985.18
4.18
47469.13
100.00
Cash & Current Assets Total Net Asset
Asset Allocation
45.17
45 35
Value of Investment (As of January 31, 2007)
Issuer
NAV Performance
1,000
Number of Investment periods (Since Inception)
% to Net Assets
Since Inception
Consumer Non Durables Banks Software Petroleum Products Industrial Products Pharmaceuticals Auto Transportation Fertilisers Ferrous Metals Cash & Current Assets Other Equity & Preference Hardware Oil Chemicals Industrial Capital Goods Paper
13.75% 11.21% 10.02% 8.91% 7.63% 5.90% 5.22% 5.14% 4.91% 4.72% 4.18% 3.69% 3.46% 3.22% 2.85% 2.78% 2.43%
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return) Date of First Installment: March 01, 2003
6
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Midcap Fund Investment Style: Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
% to Net Assets
Auto Ancillaries Automobile Corporation of Goa Ltd. Sundaram-Clayton Ltd. Sundaram Fasteners Ltd. Amtek India Ltd. MRF Ltd. Apollo Tyres Ltd.
2904.14 673.41 623.56 527.05 467.67 360.05 252.41
12.45 2.89 2.67 2.26 2.00 1.54 1.08
Industrial Capital Goods Bharat Bijlee Ltd. Kalpataru Power Transmission Ltd. Thermax Ltd. Bharati Shipyard Ltd.
2893.97 1121.46 646.59 623.19 502.73
12.40 4.81 2.77 2.67 2.15
Consumer Non Durables United Spirits Ltd. Radico Khaitan Ltd Glaxosmithkline Consumer Healthcare Ltd. Marico Industries Ltd. E.I.D. Parry (India) Ltd. McDowell Holdings Ltd.##
2195.00 727.84 484.20 459.03 381.65 142.28 -
9.41 3.12 2.08 1.97 1.64 0.61 -
Industrial Products Kirloskar Oil Engines Ltd. Sintex Industries Ltd. TRF LTD
1973.33 1050.08 477.49 445.76
8.46 4.50 2.05 1.91
Cement Birla Corporation Ltd. Madras Cements Ltd. Mangalam Cement Ltd.
1919.73 868.13 733.45 318.15
8.23 3.72 3.14 1.36
Banks Federal Bank Ltd. Karnataka Bank Ltd.
1387.73 881.59 506.14
5.95 3.78 2.17
Software NIIT Technologies Ltd. 3i Infotech Ltd.
1366.91 790.31 576.60
5.86 3.39 2.47
Ferrous Metals Jindal Saw Ltd. Welspun Gujarat Stahl Rohren Ltd.
1328.18 743.43 584.75
5.69 3.19 2.51
Hotels Asian Hotels Ltd. Taj GVK Hotels & Resorts Ltd.
1306.96 678.16 628.80
5.60 2.91 2.70
Investment Objective: An Open-ended growth scheme with the objective to achieve long-term growth of capital at controlled level of risk by primarily investing in midcap stocks. Date of inception / takeover: October 3, 2002 NAV: Dividend Growth
Rs. 24.0231 66.7976
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25% ³ Rs. 5 crores - Nil Exit Load: NIL Benchmark: CNX Midcap Corpus: Rs. 233.30 Crores
Issuer
Market Value Rs. in. Lacs
% to Net Assets
1247.59 883.40 340.48 23.72
5.35 3.79 1.46 0.10
Media & Entertainment NDTV India Ltd. Global Broadcast News
667.30 667.30 45.77
3.06 2.86 0.20
Consumer Durables Blue Star Ltd.
587.79 587.79
2.52 2.52
Pharmaceuticals Pfizer Ltd.
516.78 516.78
2.22 2.22
Power LANCO Infratech Ltd.
471.40 471.40
2.02 2.02
Telecom-Services Reliance Communications Ltd.
461.00 461.00
1.98 1.98
Transportation Container Corporation of India Ltd.
391.24 391.24
1.68 1.68
Petroleum Products Apar Industries Ltd.
324.88 324.88
1.39 1.39
Hardware Tata Elxsi Ltd.
292.22 292.22
1.25 1.25
56.38 56.38
0.24 0.24
991.77
4.25
23330.09
100.00
Textile Products Aditya Birla Nuvo Ltd. Gokaldas Exports Ltd. Aditya Birla Nuvo Ltd. (Rights).
Corporate Debt Trent Ltd. Cash & Current Assets Total Net Asset
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BMC... Monthly Investment Number of Investment periods (Since Inception) Total Investment
##
Mc Dowell India Spirits shares received upon demerger from Mc Dowell & Company Ltd and unlisted as on 31st January 2007 and hence not valued
Asset Allocation
NAV Performance
1,000 51 51,000
60
55.03
40
Value of Investment (As of January 31, 2007)
149,356
30
Return on Investment (CAGR#)
54.12%
20
50.46
47.29
50
45.59 35.75
32.07
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in CNX Midcap would have given a return of 44.81%
32.96
22.55
10 0
1 Year
2 Years BMCF Gr
3 Years
Since Inception
CNX Midcap
Auto Ancillaries Industrial Capital Goods Consumer Non Durables Industrial Products Cement Other Equity Banks Software Ferrous Metals Hotels Textile Products Cash & Current Assets Media & Entertainment Consumer Durables Pharmaceuticals Power Corporate Debt
12.45% 12.40% 9.41% 8.46% 8.23% 6.30% 5.95% 5.86% 5.69% 5.60% 5.35% 4.25% 3.06% 2.52% 2.22% 2.02% 0.24%
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return) Date of First Installment: November 01, 2002
«««««Value Research Rating Birla Midcap Fund
#
# for methodology please refer page 3
(Past performance is no guarantee of future results.)
7
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla MNC Fund Investment Style: Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
Investment Objective: An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk by making investments in securities of multi-national companies through a research based investment approach. Date of inception / takeover: December 27, 1999 NAV:
Rs.
Dividend Growth
63.4730 126.6274
Load Structure ((Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL Benchmark: CNX MNC Corpus: Rs. 210.72 Crores
Consumer Non Durables Glaxosmithkline Consumer Healthcare Ltd. Colgate Palmolive (I) Ltd. Hindustan Lever Ltd. ITC Ltd. Kansai Nerolac Paints Ltd. Nestle India Ltd.
3987.55 1137.74 790.61 624.60 622.02 417.57 395.01
18.92 5.40 3.75 2.96 2.95 1.98 1.87
Industrial Products Cummins India Ltd. Paper Products Ltd. BOC India Ltd. Fag Bearings India Ltd. ESAB India Ltd. KSB Pumps Ltd.
3045.44 872.81 661.49 471.30 352.03 345.55 342.27
14.45 4.14 3.14 2.24 1.67 1.64 1.62
Pharmaceuticals Pfizer Ltd. Fulford (India) Ltd. Wyeth Ltd. Glaxosmithkline Pharmaceuticals Ltd.
2335.54 715.55 564.80 532.12 523.08
11.08 3.40 2.68 2.53 2.48
Telecom-Services Bharti Airtel Ltd.
1591.88 1591.88
7.55 7.55
Software Mphasis BFL Ltd. Allsec Technologies Ltd. Subex Azure Ltd.
1485.72 656.09 425.78 403.85
7.05 3.11 2.02 1.92
Industrial Capital Goods ABB Ltd. Siemens Ltd.
1297.90 724.17 573.73
6.16 3.44 2.72
Auto Maruti Udyog Ltd.
1264.41 1264.41
6.00 6.00
970.80 970.80
4.61 4.61
1706.32 887.71 758.20 60.41
8.10 4.21 3.60 0.29
914.54 914.54
4.34 4.34
Auto Ancillaries Sundaram-Clayton Ltd. Federal Mogul Goetze. Subros Ltd.
SIP is a powerful tool that can help you create wealth over time. If you had invested* in BMNC... Monthly Investment
Gas Gujarat Gas Co. Ltd.
Total Investment
85 85,000
Value of Investment (As of January 31, 2007)
42.97
45 38.78 39.15
40
#
Return on Investment (CAGR )
31.94%
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in CNX MNC would have given a return of 21.72%
30 25 20
35.53
34.32 27 20.45
21.95
20.99
15
9.97
10 5 0
1 Year
2 Years
3 Years
BMNCF Gr
5 Years
CNX MNC
% to Net Assets
Ferrous Metals Sesa Goa Ltd.
909.04 909.04
4.31 4.31
Banks ING Vysya Bank Ltd.
747.28 747.28
3.55 3.55
Pesticides Syngenta (India) Ltd.
380.12 380.12
1.80 1.80
Finance Shriram Transport Finance Company Ltd.
345.50 345.50
1.64 1.64
Chemicals Micro Inks Ltd.
236.82 236.82
1.12 1.12
-146.83
-0.70
21072.03
100.00
Total Net Asset
Asset Allocation
50
35
268,254
Market Value Rs. in. Lacs
NAV Performance
1,000
Number of Investment periods (Since Inception)
Issuer
Cash & Current Assets
Money Market Instruments ICICI Bank Ltd.
Systematic Investment Plan (SIP)
% to Net Assets
Since Inception
Consumer Non Durables Industrial Products Pharmaceuticals Auto Ancillaries Telecom-Services Software Industrial Capital Goods Auto Money Market Instruments Other Equity Gas Ferrous Metals Banks Cash & Current Assets
18.92% 14.45% 11.08% 8.10% 7.55% 7.05% 6.16% 6.00% 4.61% 4.57% 4.34% 4.31% 3.55% -0.70%
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return) Date of First Installment: January 01, 2000
8
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla India Opportunities Fund Investment Style: Value + Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective: An Open-ended growth scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following: Leverage India's intellectual capital for providing services, research and creative inputs; Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services; Leverage India's lower labour costs for providing services and manufactured goods; Leverage India's large population of English speaking people for providing services.
Software
Market Value Rs. in. Lacs
% to Net Assets
4151.12
46.30
Infosys Technologies Ltd.
820.57
9.15
Subex Azure Ltd.
587.54
6.55
3.87
5.70
Industrial Products
272.70
3.04
Cummins India Ltd.
272.70
3.04
Wipro Ltd.
429.03
4.78 Cash & Current Assets
285.72
3.19
8966.61
100.00
Nucleus Software Exports Ltd.
408.49
4.56
Allsec Technologies Ltd.
395.29
4.41
I-Flex Solutions Ltd.
291.60
3.25
KPIT Cummins Infosystem Ltd.
199.39
2.22
1242.25
13.85 4.93
December 27, 1999
362.42
4.04
Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: 1% if redeemed/ switched out within 6 months from the date of allotment
3.87
346.73
5.66
Crompton Greaves Ltd.
Load Structure (Incl. for SIP):
346.73
Videsh Sanchar Nigam Ltd.
511.44
Date of inception / takeover:
23.2724 54.1855
Telecom-Services
507.78
441.77
Dividend Growth
% to Net Assets
Tata Consultancy Services Ltd.
Industrial Capital Goods
Rs.
Market Value Rs. in. Lacs
Satyam Computer Services Ltd.
Siemens Ltd.
NAV:
Issuer
Thermax Ltd.
243.12
2.71
ABB Ltd.
194.95
2.17
Pharmaceuticals
927.75
10.35
Wockhardt Ltd.
272.22
3.04
Aventis Pharma Ltd.
248.45
2.77
Ranbaxy Laboratories Ltd.
204.30
2.28
Cipla Ltd.
202.79
2.26
Auto Ancillaries
706.03
7.87
Sundaram Fasteners Ltd.
386.63
4.31
Amtek India Ltd.
319.40
3.56
Pesticides
579.71
6.47
United Phosphorous Ltd.
579.71
6.47 5.07
Total Net Asset
Benchmark: CNX 500 Corpus: Rs. 89.66 Crores
Systematic Investment Plan (SIP)
Textile Products
454.61
Raymond Ltd.
237.94
2.65
Gokaldas Exports Ltd.
216.67
2.42
SIP is a powerful tool that can help you create wealth over time. If you had invested* in BIOF... Monthly Investment
Asset Allocation
NAV Performance
1,000
Number of Investment periods (Since Inception) Total Investment
85,000
40.38 38.52
40 35
Industrial Capital Goods
37.1736.53
36.16
13.85% 10.35%
Pharmaceuticals
32.4
31.98 31.21
30
Value of Investment (As of January 31, 2007)
46.30%
Software
45
85
26.87
Auto Ancillaries
7.87%
25
276,624 #
Return on Investment (CAGR )
32.80%
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in CNX 500 would have given a return of 30.92%
Pesticides
20
16.42
15 10 5 0
1 Year
2 Years
3 Years
BITF Gr
5 Years
Since Inception
Textile Products
6.47% 5.07%
Telecom-Services
3.87%
Cash & Current Assets
3.19%
Industrial Products
3.04%
CNX500
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return) Date of First Installment: January 01, 2000
9
««««Value Research Rating
#
Birla India Opportunities Fund
# for methodology please refer page 3
(Past performance is no guarantee of future results.)
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla India GenNext Fund Investment Style: Value + Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
Investment Objective: An Open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice. Date of inception / takeover: August 05, 2005 NAV: Dividend Growth
Rs. 16.0911 16.0911
Load Structure Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL Benchmark: S&P CNX NIFTY Corpus: Rs. 176.20 Crores
% to Net Assets
Consumer Non Durables United Spirits Ltd. Glaxosmithkline Consumer Healthcare Ltd. ITC Ltd. Hindustan Sanitaryware & Industries Ltd. Eveready Industries Ltd. E.I.D. Parry (India) Ltd. McDowell Holdings Ltd.##
3292.58 1364.70 609.37 521.10 464.86 213.60 118.95 -
18.69 7.74 3.46 2.96 2.64 1.21 0.68 -
Banks Kotak Mahindra Bank Ltd. UTI Bank Ltd. ICICI Bank Ltd. Federal Bank Ltd. Punjab National Bank
2912.65 1213.25 667.50 470.25 409.20 152.45
16.53 6.89 3.79 2.67 2.32 0.87
Media & Entertainment Sun TV Ltd. NDTV India Ltd. HT Media Ltd. Television Eighteen India Ltd. Jagran Prakashan Ltd. Network 18 Fincap Ltd.
2800.55 759.65 681.87 495.92 434.28 408.24 20.59
15.89 4.31 3.87 2.81 2.46 2.32 0.12
Telecom-Services Bharti Airtel Ltd. Reliance Communications Ltd.
2475.30 1415.00 1060.30
14.05 8.03 6.02
Auto Maruti Udyog Ltd. Tata Motors Ltd.
1687.50 1292.51 394.99
9.58 7.34 2.24
Hotels Taj GVK Hotels & Resorts Ltd. Indian Hotels Co. Ltd.
1143.30 838.40 304.90
6.49 4.76 1.73
Pharmaceuticals Pfizer Ltd.
834.80 834.80
4.74 4.74
Textile Products Raymond Ltd.
597.68 597.68
3.39 3.39
Construction Sobha Developers Ltd.
361.81 361.81
2.05 2.05
Issuer
Market Value Rs. in. Lacs
% to Net Assets
Retailing Shoppers Stop Ltd.
245.21 245.21
1.39 1.39
Auto Ancillaries Apollo Tyres Ltd.
168.28 168.28
0.95 0.95
1101.01
6.25
17620.65
100.00
Cash & Current Assets Total Net Asset
##
Mc Dowell India Spirits shares received upon demerger from Mc Dowell & Company Ltd and unlisted as on 31st January 2007 and hence not valued
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BGNF... Monthly Investment
1,000
Number of Investment periods (Since Inception)
18,000
44.4
45 36.04
35
37.59
23,214
Return on Investment (CAGR#)
39.15%
25
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in CNX 500 would have given a return of 44.28%
15.89%
Media & Entertainment
14.05% 9.58%
Auto
24.92
20
Hotels
15
Cash & Current Assets
10
6.49% 6.25% 4.74%
Pharmaceuticals
5 0
16.53%
Banks Telecom-Services
30
Value of Investment (As of January 31, 2007)
18.69%
Consumer Non Durables
50
18
40
Total Investment
Asset Allocation
NAV Performance
1 Year
Birla Gen Next Fund - Growth
Since Inception
S&P Nifty
Textile Products
3.39%
Other Equity
2.35%
Construction
2.05%
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return) Date of First Installment: August 12, 2005
10
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Index Fund Investment Style: Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective:
Market Value Rs. in. Lacs
% to Net Assets
10174.14 3260.65 3256.88 2299.31 808.56 548.74
10.62 3.40 3.40 2.40 0.84 0.57
An Open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors.
Software Tata Consultancy Services Ltd. Infosys Technologies Ltd. Wipro Ltd. Satyam Computer Services Ltd. HCL Technologies Ltd.
Date of inception / takeover:
Money Market Instruments Hongkong & Shanghai Banking Corp. Ltd. ICICI Bank Ltd.
9171.83 4900.30 4271.53
Telecom-Services Bharti AirTel Ltd. Reliance Communications Ltd. Videsh Sanchar Nigam Ltd. Mahanagar Telephone Nigam Ltd.
September 18, 2002 NAV: Dividend Growth
Rs. 23.0041 41.6058
Load Structure (Incl. for SIP): Entry Load: Nil Exit Load: Applicable if redeemed within 6 months from the date of allotment <1 crore - 1% ³ 1crore <5 crore - 0.5% ³ 5 crore - 0.25%
Corpus: Rs. 958.15 Crores
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BIF... Monthly Investment
% to Net Assets
1983.55 506.22 499.22 397.39 323.21 257.51
2.07 0.53 0.52 0.41 0.34 0.27
9.57 5.11 4.46
Ferrous Metals Steel Authority of India Ltd. Tata Steel Ltd.
1868.58 1164.77 703.81
1.95 1.22 0.73
6580.81 3505.76 2458.94 343.66 272.45
6.87 3.66 2.57 0.36 0.28
Cement Grasim Industries Ltd. The Associated Cement Companies Ltd. Gujarat Ambuja Cements Ltd.
1648.63 664.68 498.18 485.76
1.72 0.69 0.52 0.51
Petroleum Products Reliance Industries Ltd. Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd.
5580.56 4964.94 339.47 276.14
5.82 5.18 0.35 0.29
Finance Housing Development Finance Corp. Ltd.
1091.37 1091.37
1.14 1.14
Non-Ferrous Metals Hindalco Industries Ltd. National Aluminium Company Ltd.
919.53 532.63 386.90
0.96 0.56 0.40
Banks ICICI Bank Ltd. State Bank of India HDFC Bank Ltd. Punjab National Bank Oriental Bank Of Commerce
5202.12 2193.21 1564.90 885.95 416.96 141.11
5.43 2.29 1.63 0.92 0.44 0.15
Power Tata Power Company Ltd. Reliance Energy Ltd.
597.71 312.41 285.31
0.62 0.33 0.30
Media & Entertainment Zee Entertainment Enterprises Ltd.
353.83 353.83
0.37 0.37
Oil Oil and Natural Gas Corporation Ltd.
5082.80 5082.80
5.30 5.30
Chemicals Indian Petrochemicals Corporation Ltd.
217.06 217.06
0.23 0.23
Industrial Capital Goods Bharat Heavy Electricals Ltd. Larsen & Toubro Ltd. Suzlon Energy Ltd. Seimens Ltd. ABB Ltd.
4532.49 1609.97 1161.94 857.14 504.30 399.14
4.73 1.68 1.21 0.89 0.53 0.42
Gas GAIL India Ltd.
198.27 198.27
0.21 0.21
Transportation Jet Airways (India) Ltd.
171.56 171.56
0.18 0.18
Auto Tata Motors Ltd. Bajaj Auto Ltd. Maruti Udyog Ltd. Mahindra & Mahindra Ltd. Hero Honda Motors Ltd.
3257.50 882.24 731.21 696.97 574.33 372.75
3.40 0.92 0.76 0.73 0.60 0.39
Cash & Current Assets
34051.12
35.54
Total Net Asset
95815.12
100.00
Consumer Non Durables ITC Ltd. Hindustan Lever Ltd. Dabur India Ltd.
3131.66 1711.41 1198.23 222.02
3.27 1.79 1.25 0.23
Total outstanding exposure in derivatives as on 31st Jan 2007 is Rs. -7.30 Crores (Notional value).
Asset Allocation
NAV Performance
1,000
Number of Investment periods (Since takeover) Total Investment
Market Value Rs. in. Lacs
Pharmaceuticals Sun Pharmaceutical Industries Ltd. Cipla Ltd. Ranbaxy Laboratories Ltd. Dr. Reddys Laboratories Ltd. GlaxoSmithKline Pharmaceuticals Ltd.
Benchmark: S & P CNX Nifty
Issuer
52
45
52,000
35
40
36.04 35.13
Value of Investment (As of January 31, 2007)
118,922
Return on Investment (CAGR#)
39.84%
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in S & P Nifty would have given a return of 41.04%
38.55
38.47
31.09 30.24
30
35.54%
Cash & Current Assets
40.86 40.65
10.62%
Software Money Market Instruments
9.57%
Other Equity
7.37% 6.87%
25
Telecom-Services
20
Petroleum Products
15
Banks
5.43%
10
Oil Industrial Capital Goods
5.30%
5 0
1 Year
2 Years
BIF
3 Years
S&P Nifty
Since Inception
Auto Consumer Non Durables Pharmaceuticals
5.82%
4.73% 3.40% 3.27% 2.07%
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return) Date of First Installment: October 1, 2002
11
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Infrastructure Fund Investment Style: Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
% to Net Assets
16254.20 3348.47 2214.64 2052.11 1928.47 1907.15 1231.67 1000.50 862.13 613.08 551.41 544.58
31.85 6.56 4.34 4.02 3.78 3.74 2.41 1.96 1.69 1.20 1.08 1.07
Cement Grasim Industries Ltd. Birla Corporation Ltd. Shree Cements Ltd. Century Textile & Industries Ltd. Ultratech Cement Ltd.
5162.48 1870.80 1502.64 895.93 689.40 203.71
10.12 3.67 2.94 1.76 1.35 0.40
Construction Mahindra Gesco Developers Ltd. Nagarjuna Construction Co. Ltd. Patel Engineering Ltd. Sobha Developers Ltd. D.S. Kulkarni Developers Ltd. Ansal Properties & Infrastructure Ltd.
4069.27 1285.91 824.98 697.73 531.43 441.22 288.01
7.97 2.52 1.62 1.37 1.04 0.86 0.56
Auto Mahindra & Mahindra Ltd. Tata Motors Ltd.
3445.79 1890.42 1555.37
6.75 3.70 3.05
Ferrous Metals Jindal Saw Ltd. Jindal Steel & Power Ltd. Welspun Gujarat Stahl Rohren Ltd.
3010.97 1344.51 964.76 701.70
5.90 2.63 1.89 1.37
Industrial Products Kirloskar Oil Engines Ltd. Cummins India Ltd. Torrent Cables Ltd.
2960.84 1369.54 1090.80 500.50
5.80 2.68 2.14 0.98
Telecom-Services Bharti Airtel Ltd.
2667.28 2667.28
5.23 5.23
Money Market Instruments ICICI Bank Ltd.
2621.17 2621.17
5.14 5.14
Investment Objective: An open-end growth scheme with the objective to providing for medium to long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India. Date of inception / takeover:
Industrial Capital Goods Bharat Heavy Electricals Ltd. Crompton Greaves Ltd. Thermax Ltd. Larsen & Toubro Ltd. Siemens Ltd. Jyoti Structures Ltd. Bharat Electronics Ltd. Kalpataru Power Transmission Ltd. Bharat Earth Movers Ltd. Engineers India Ltd. Bharati Shipyard Ltd.
March 17, 2006 NAV: Dividend Growth
Rs. 12.3271 12.3272
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL Benchmark: S&P CNX NIFTY Corpus: Rs. 510.35 Crores
Issuer
Since Inception 26.24
26 25.5 25 24.5 24 23.5
23.3
23 22.5 22 21.5
Birla Infrastructure Fund Growth
Since Inception
12
S&P Nifty
% to Net Assets
Hotels Indian Hotels Co. Ltd. Taj GVK Hotels & Resorts Ltd.
2066.00 1326.32 739.68
4.05 2.60 1.45
Banks Punjab National Bank Andhra Bank
1982.26 1365.91 616.35
3.88 2.68 1.21
Gas Gujarat Gas Co. Ltd. Indraprastha Gas Ltd.
1577.23 1221.58 355.65
3.09 2.39 0.70
Petroleum Products Reliance Industries Ltd.
1432.83 1432.83
2.81 2.81
Power LANCO Infratech Ltd. Power Trading Corporation of India Ltd.
1282.49 1119.58 162.92
2.51 2.19 0.32
Transportation Container Corporation of India Ltd. Gateway Distriparks Ltd.
1256.99 1023.77 233.22
2.46 2.01 0.46
Consumer Durables Voltas Ltd.
383.39 383.39
0.75 0.75
Consumer Non Durables Hindustan Sanitaryware & Industries Ltd.
375.31 375.31
0.74 0.74
Industrial Services South East Asia Marine Engin & Const Ltd
201.03 201.03
0.39 0.39
Cash & Current Assets
285.96
0.56
51035.47
100.00
Total Net Asset
Asset Allocation
NAV Performance
26.5
Market Value Rs. in. Lacs
Industrial Capital Goods Cement Construction Auto Ferrous Metals Industrial Products Telecom-Services Money Market Instruments Hotels Banks Gas Petroleum Products Power Transportation Other Equity Cash & Current Assets
31.85% 10.12% 7.97% 6.75% 5.90% 5.80% 5.23% 5.14% 4.05% 3.88% 3.09% 2.81% 2.51% 2.46% 1.88% 0.56%
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Equity Plan An Open-ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years
F e b r u a r y 2 0 0 7
Investment Style: Growth
As on January 31, 2007
Portfolio Issuer
Investment Objective: An Open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment.
Market Value Rs. in. Lacs
Auto Ancillaries Automobile Corporation of Goa Ltd. Sundaram Fasteners Ltd. Subros Ltd. Goodyear India Ltd.
% to Net Assets
1255.85 401.49 398.82 328.16 127.39
11.87 3.80 3.77 3.10 1.20
Date of inception / takeover: February 16, 1999
Consumer Non Durables United Spirits Ltd. ITC Ltd. Glaxosmithkline Consumer Healthcare Ltd. McDowell Holdings Ltd.##
981.00 454.90 347.40 178.70 -
9.27 4.30 3.28 1.69 -
NAV: Dividend Rs. 59.2014 Growth* Rs. 11.2427 *Introduced with effect from 1st October, 2006
Banks Federal Bank Ltd. City Union Bank Ltd. Indian Overseas Bank Karnataka Bank Ltd.
892.12 310.00 209.29 201.28 171.55
8.43 2.93 1.98 1.90 1.62
Load Structure (Incl. for SIP):
Software NIIT Technologies Ltd. Satyam Computer Services Ltd. Geometric Software Solution Ltd.
839.45 476.52 236.18 126.75
7.94 4.51 2.23 1.20
Textile Products Aditya Birla Nuvo Ltd. Gokaldas Exports Ltd. Aditya Birla Nuvo Ltd. (Rights)
812.42 567.90 229.28 15.25
7.68 5.37 2.17 0.14
Benchmark: BSE Sensex
Auto Maruti Udyog Ltd.
721.18 721.18
6.82 6.82
Corpus: Rs. 105.77 Crores
Industrial Capital Goods Bharat Heavy Electricals Ltd. Bharat Bijlee Ltd.
617.50 503.45 114.05
5.84 4.76 1.08
Cement Mangalam Cement Ltd Grasim Industries Ltd.
596.01 318.15 277.86
5.63 3.01 2.63
Industrial Products Kirloskar Oil Engines Ltd.
406.14 406.14
3.84 3.84
Construction Sobha Developers Ltd. Gammon India Ltd.
383.12 193.09 190.03
3.62 1.83 1.80
Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL
Issuer
SIP is a powerful tool that can help you create wealth over time. If you had invested* in BEP... Monthly Investment
% to Net Assets
Hotels Taj GVK Hotels & Resorts Ltd.
378.49 378.49
3.58 3.58
Telecom-Services Reliance Communications Ltd.
368.80 368.80
3.49 3.49
Pharmaceuticals Pfizer Ltd.
318.02 318.02
3.01 3.01
Ferrous Metals Welspun Gujarat Stahl Rohren Ltd.
292.38 292.38
2.76 2.76
Transportation Container Corporation of India Ltd.
285.22 285.22
2.70 2.70
Gas Gujarat Gas Co. Ltd.
261.52 261.52
2.47 2.47
Power LANCO Infratech Ltd.
176.78 176.78
1.67 1.67
Cash & Current Assets
991.53
9.37
10577.51
100.00
Total Net Asset
##
Systematic Investment Plan (SIP)
Market Value Rs. in. Lacs
Mc Dowell India Spirits shares received upon demerger from Mc Dowell & Company Ltd and unlisted as on 31st January 2007 and hence not valued
1,000
Total Investment
Asset Allocation
NAV Performance
Number of Investment periods (Since Inception)
95 95,000
60 52.31
Value of Investment (As of January 31, 2007)
46.17 46.61
50
466,438
42.05
41.7
40 #
Return on Investment (CAGR )
39.12%
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE Sensex would have given a return of 27.23%. Dividend reinvestment NAVs have been considered for the analysis. # Computed after accounting for the cash flow by using XIRR method (investment internal rate of return)
Date of First Installment: March 01,1999
35.17
33.58 33.95
30.02 30 19.8
20 10 0
1 Year
2 Years
3 Years
BEP Div
5 Years
BSE Sensex
Since Inception
Auto Ancillaries Cash & Current Assets Consumer Non Durables Banks Software Textile Products Auto Industrial Capital Goods Cement Industrial Products Construction Hotels Telecom-Services Pharmaceuticals Ferrous Metals Transportation Gas Other Equity
3.84% 3.62% 3.58% 3.49% 3.01% 2.76% 2.70% 2.47% 1.67%
««««Value Research Rating
9.37% 9.27% 8.43% 7.94% 7.68% 6.82% 5.84% 5.63%
11.87%
#
Birla Equity Plan (Past performance is no guarantee of future results.)
# for methodology please refer page 3
13
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Top 100 Fund Investment Style: Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
Investment Objective:
% to Net Assets
Issuer
Market Value Rs. in. Lacs
% to Net Assets
Banks ICICI Bank Ltd. HDFC Bank Ltd. State Bank of India Punjab National Bank.
6313.91 2727.45 1617.23 1200.92 768.32
13.08 5.65 3.35 2.49 1.59
Pesticides United Phosphorous Ltd.
1734.28 1734.28
3.59 3.59
Oil Oil & Natural Gas Corporation Ltd.
1693.88 1693.88
3.51 3.51
Industrial Capital Goods Bharat Heavy Electricals Ltd. Larsen & Toubro Ltd.
5424.03 2963.56 2460.47
11.24 6.14 5.10
Hotels Indian Hotels Co. Ltd. Taj GVK Hotels & Resorts Ltd.
1568.00 1015.16 552.84
3.25 2.10 1.15
Software Infosys Technologies Ltd. Subex Azure Ltd. Tata Consultancy Services Ltd. Satyam Computer Services Ltd.
5407.25 2689.39 957.57 947.85 812.44
11.20 5.57 1.98 1.96 1.68
Media & Entertainment Global Broadcast News
93.08 93.08
0.19 0.19
Money Market Instruments ICICI Bank Ltd.
1456.20 1456.20
3.02 3.02
Cement ACC Ltd. Gujarat Ambuja Cements Ltd. Grasim Industries Ltd.
4749.46 2110.45 1333.10 1305.92
9.84 4.37 2.76 2.71
Cash & Current Assets
2096.19
4.35
48266.52
100.00
Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL
Consumer Non Durables ITC Ltd. United Spirits Ltd. Hindustan Lever Ltd. McDowell Holdings Ltd.##
4740.99 2084.40 1573.95 1082.64 -
9.82 4.32 3.26 2.24 -
##
Benchmark:
Petroleum Products Reliance Industries Ltd. Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd.
4404.42 2292.53 1079.70 1032.19
9.13 4.75 2.24 2.14
Telecom-Services Bharti Airtel Ltd.
3891.25 3891.25
8.06 8.06
Pharmaceuticals Ranbaxy Laboratories Ltd. Glaxosmithkline Pharmaceuticals Ltd. Cipla Ltd.
2371.31 992.44 879.52 499.35
4.91 2.06 1.82 1.03
Auto Tata Motors Ltd. Maruti Udyog Ltd.
2322.25 1536.06 786.19
4.81 3.18 1.63
An open-ended growth scheme with the objective to provide medium to longterm capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities of top 100 companies as measured by market capitalization. Date of inception / takeover: October 24, 2005 NAV: Dividend Growth
Rs. 14.6849 16.1903
Load Structure ((Incl. for SIP):
S & P CNX Nifty Corpus: Rs. 482.66 Crores
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BT100F... Monthly Investment Number of Investment periods (Since Inception)
Total Net Asset
Mc Dowell India Spirits shares received upon demerger from Mc Dowell & Company Ltd and unlisted as on 31st January 2007 and hence not valued
1,000
Total Investment
15,000
Value of Investment (As of January 31, 2007)
18,564
Return on Investment (CAGR#)
36.46%
Asset Allocation
NAV Performance
15
60
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE Sensex would have given a return of 41.60%. Dividend reinvestment NAVs have been considered for the analysis. #
52.14 50
46.09
40
36.04 30.09
30 20 10 0
1 Year
Birla Top 100 Fund - Growth
Since Inception
S&P Nifty
Banks Industrial Capital Goods Software Cement Consumer Non Durables Petroleum Products Telecom-Services Pharmaceuticals Auto Cash & Current Assets Pesticides Oil Hotels Money Market Instruments Media 0.19%
4.91% 4.81% 4.35% 3.59% 3.51% 3.25% 3.02%
11.24% 11.20% 9.84% 9.82% 9.13% 8.06%
13.08%
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return) Date of First Installment: November 01,2005
14
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Sun Life Buy India Fund Investment Style: Value + Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
% to Net Assets
Consumer Non Durables United Spirits Ltd. Kajaria Ceramics Ltd. Marico Industries Ltd. United Breweries Ltd. Glaxosmithkline Consumer Healthcare Ltd Dabur India Ltd. Hindustan Sanitaryware & Industries Ltd. E.I.D. Parry (India) Ltd. McDowell Holdings Ltd.**
3809.12 800.62 683.99 669.25 578.57 446.74 297.75 213.26 118.95 -
30.87 6.49 5.54 5.42 4.69 3.62 2.41 1.73 0.96 -
Pharmaceuticals Sun Pharmaceutical Industries Ltd. Pfizer Ltd. Cadila Healthcare Ltd. Dishman Pharmaceuticals & Chemicals Ltd. Wyeth Ltd.
1860.81 616.65 574.45 331.99 184.22 153.50
15.08 5.00 4.66 2.69 1.49 1.24
Media & Entertainment New Delhi Television Limited PVR Ltd. Jagran Prakashan Ltd. UTV Software Communications Ltd. Magnasound India Ltd.##
1196.80 414.34 346.15 323.01 113.30 -
9.70 3.36 2.81 2.62 0.92 -
Telecom-Services Bharti Airtel Ltd. Reliance Communications Ltd.
1168.50 707.50 461.00
9.47 5.73 3.74
Textile Products Aditya Birla Nuvo Ltd. Aditya Birla Nuvo Ltd. (Rights)
1015.57 989.02 26.55
8.23 8.02 0.22
BSE 200
Hotels Asian Hotels Ltd. Taj GVK Hotels & Resorts Ltd.
865.87 495.50 370.36
7.02 4.02 3.00
Corpus:
Auto Maruti Udyog Ltd.
515.13 515.13
4.18 4.18
Auto Ancillaries MRF Ltd.
510.87 510.87
4.14 4.14
Investment Objective: A multi-sector open-end growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in businesses that are driven by India's large population and inherent consumption patterns. The focus of the scheme will be in the consumer and healthcare sectors. The secondary objective is income generation and distribution of dividend. Date of inception / takeover: January 15, 2000 NAV: Dividend Growth
Rs. 19.7374 28.1102
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: Nil
Benchmark:
Rs. 123.37 Crores
Issuer
Market Value Rs. in. Lacs
% to Net Assets
Pesticides Rallis India Ltd.
326.20 326.20
2.64 2.64
Gas Indraprastha Gas Ltd.
232.11 232.11
1.88 1.88
Retailing Trent Ltd. - Warrants
71.32 71.32
0.58 0.58
765.65
6.21
12337.95
100.00
Cash & Current Assets Total Net Asset
**Represents thinly traded/ non traded securities ##
Mc Dowell India Spirits shares received upon demerger from Mc Dowell & Company Ltd and unlisted as on 31st January 2007 and hence not valued
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BSL Buy India Fund Monthly Investment Number of Investment periods (Since Inception) Total Investment
83
60
83,000
50 40
Value of Investment (As of January 31, 2007)
312,288
30
Return on Investment (CAGR#)
37.95%
20
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE 200 would have given a return of 32.01% # Computed after accounting for the cash flow by using XIRR method (investment internal rate of return)
Date of First Installment: March 01, 2000
Asset Allocation
NAV Performance
1,000
49.94 45.22 41.28
39.53 35.18
36.97 32.2
24.27 15.79 15.43
10 0 1 Year
2 Years
3 Years
5 Years
Birla SunLife Buy India Fund - Growth
Since Inception
Consumer Non Durables Pharmaceuticals Media & Entertainment Telecom-Services Textile Products Hotels Cash & Current Assets Auto Auto Ancillaries Pesticides Other Equity
30.87% 15.08% 9.70% 9.47% 8.23% 7.02% 6.21% 4.18% 4.14% 2.64% 2.46%
BSE200
««««Value Research Rating
#
Birla Sun Life Buy India Fund
# for methodology please refer page 3
(Past performance is no guarantee of future results.)
15
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Sun Life New Millennium Fund Investment Style: Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
% to Net Assets
Software Infosys Technologies Ltd. Nucleus Software Exports Ltd. Tata Consultancy Services Ltd. Subex Azure Ltd. Satyam Computer Services Ltd. HCL Technologies Ltd. Hinduja TMT Ltd. Geometric Software Solution Ltd. Allsec Technologies Ltd. Wipro Ltd. Megasoft Ltd. Mphasis BFL Ltd. Geodesic Information Systems Ltd. KPIT Cummins Infosystem Ltd. 3i Infotech Ltd. Tanla Solutions Ltd. Info Edge (India) Ltd.
8152.47 1669.51 682.55 639.30 628.38 615.00 577.24 533.51 469.81 431.22 406.77 346.19 331.82 240.50 197.63 192.57 156.44 34.03
65.64 13.44 5.50 5.15 5.06 4.95 4.65 4.30 3.78 3.47 3.27 2.79 2.67 1.94 1.59 1.55 1.26 0.27
Telecom-Services Bharti Airtel Ltd. Reliance Communications Ltd.
2118.10 1646.96 471.14
17.05 13.26 3.79
Media & Entertainment New Delhi Television India Ltd. Jagran Prakashan Ltd. PVR Ltd. UTV Software Communications Ltd. Wire & Wireless Ltd. Magnasound India Ltd.**
1104.72 351.85 274.57 247.01 169.95 61.35 -
8.89 2.83 2.21 1.99 1.37 0.49 -
Publishing & Printing Cyber Media (India) Ltd.
102.44 102.44
0.82 0.82
Cash & Current Assets
942.95
7.59
12420.69
100.00
Investment Objective: A multi-sector open-end growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and ecommerce and other technology enabled companies. The secondary objective is income generation and distribution of dividend. Date of inception / takeover: January 15, 2000 NAV: Dividend Growth
Rs. 18.2529 21.4117
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL Benchmark: BSE Teck Corpus: Rs. 124.20 Crores
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BSLNMF... Monthly Investment
**Represents thinly traded/ non traded securities.
83
60
83,000
50
Value of Investment (As of January 31, 2007)
286,223
30
Return on Investment (CAGR#)
35.40%
20
56.16 52.32 51.89 48.34 47.26 45.32
31.59
17.05%
Telecom-Services 8.89%
Media & Entertainment 11.4
10
1 Year
2 Years
3 Years
5 Years
Birla SunLife New Millennium - Growth
7.59%
Cash & Current Assets Other Equity
0
65.64%
Software
37.71
40
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE Teck would have given a return of 30.75%
Asset Allocation
NAV Performance
1,000
Number of Investment periods (Since Inception) Total Investment
Total Net Asset
0.82%
Since Inception
BSE Teck
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return) Date of First Installment: March 01, 2000
16
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Sun Life Basic Industries Fund Investment Style: Value + Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
Investment Objective: A multi-sector open-end growth scheme with the objective of long term growth capital, through a portfolio with a target allocation of 100% equity, focusing on investing in companies sensitive to economic cycles and commodity pricing cycles. The investments will be in companies which are often referred to as cyclical companies. The secondary objective is income generation and distribution of dividend. Date of inception / takeover: January 15, 2000 NAV:
Rs.
Dividend Growth
28.8546 70.3718
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: Nil Benchmark: BSE 200
% to Net Assets
Industrial Capital Goods Bharat Heavy Electricals Ltd. Larsen & Toubro Ltd. Crompton Greaves Ltd. Siemens Ltd. Bharati Shipyard Ltd. ABB Ltd. Jyoti Structures Ltd. Action Construction Equipment Ltd. AIA Engineering Ltd.
4461.72 1035.32 920.69 645.71 628.63 376.88 291.48 212.39 212.10 138.52
24.69 5.73 5.09 3.57 3.48 2.09 1.61 1.18 1.17 0.77
Construction Nagarjuna Construction Co. Ltd. Mahindra Gesco Developers Ltd. Jaiprakash Associates Ltd. Patel Engineering Ltd. Gammon India Ltd.
1986.29 542.12 427.41 377.46 330.49 308.82
10.99 3.00 2.36 2.09 1.83 1.71
Industrial Products Kirloskar Oil Engines Ltd. Cummins India Ltd. BOC India Ltd. Kirloskar Brothers Ltd.
1674.04 523.22 502.59 350.12 298.11
9.26 2.90 2.78 1.94 1.65
Petroleum Products Reliance Industries Ltd. Hindustan Petroleum Corporation Ltd. Apar Industries Ltd. Chennai Petroleum Corporation Ltd. Indian Oil Corporation Ltd.
1529.95 409.38 364.69 354.54 203.23 198.12
8.47 2.27 2.02 1.96 1.12 1.10
Ferrous Metals JSW Steel Ltd. Jindal Steel & Power Ltd. Jindal Saw Ltd. Maharashtra Seamless Ltd.
1366.55 550.36 434.43 279.30 102.45
7.56 3.05 2.40 1.55 0.57
Auto Mahindra & Mahindra Ltd. Tata Motors Ltd. Maruti Udyog Ltd.
1237.26 567.13 342.32 327.81
6.85 3.14 1.89 1.81
Banks ICICI Bank Ltd. Punjab National Bank Andhra Bank
1174.40 489.14 414.33 270.93
6.50 2.71 2.29 1.50
Issuer
Market Value Rs. in. Lacs
Cement Grasim Industries Ltd. Birla Corporation Ltd.
% to Net Assets
1007.58 564.05 443.53
5.57 3.12 2.45
Pesticides United Phosphorous Ltd.
585.88 585.88
3.24 3.24
Oil Oil & Natural Gas Corporation Ltd.
535.26 535.26
2.96 2.96
Finance Housing Development Finance Corp. Ltd.
437.74 437.74
2.42 2.42
Money Market Instruments ICICI Bank Ltd.
436.86 436.86
2.42 2.42
Fertilisers Tata Chemicals Ltd.
361.61 361.61
2.00 2.00
Chemicals Indian Petrochemicals Corporation Ltd. Aarti Industries Ltd.
326.23 250.07 76.17
1.81 1.38 0.42
Industrial Services South East Asia Marine Engin & Const Ltd
236.62 236.62
1.31 1.31
Consumer Non Durables SPL Industries Ltd.
186.74 186.74
1.03 1.03
Consumer Durables Blue Star Ltd.
162.69 162.69
0.90 0.90
46.28 46.28
0.26 0.26
319.42
1.77
18073.12
100.00
Paper Tamil Nadu Newsprint & Papers Ltd. Cash & Current Assets
Corpus: Rs. 180.73 Crores
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BSLBIF... Monthly Investment
Total Net Asset
Asset Allocation
NAV Performance
1,000
Number of Investment periods (Since Inception) Total Investment Value of Investment (As of January 31, 2007)
60 51.73
83
50
83,000
40 30
#
Return on Investment (CAGR )
388,061
20
44.40%
10
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE 200 would have given a return of 32.01%
40.08 39.53 35.18
34.82 32.2
36.97 31.89
24.28 15.43
0 1 Year
2 Years
3 Years
5 Years
Birla SunLife Basic Industries - Growth
Since Inception
BSE200
Industrial Capital Goods Construction Industrial Products Petroleum Products Ferrous Metals Auto Banks Cement Other Equity Pesticides Oil Finance Money Market Instruments Fertilisers Cash & Current Assets
24.69% 10.99% 9.26% 8.47% 7.56% 6.85% 6.50% 5.57% 5.30% 3.24% 2.96% 2.42% 2.42% 2.00% 1.77%
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return)
Date of First Installment: March 01, 2000
17
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Sun Life Frontline Equity Fund Investment Style: Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
% to Net Assets
Industrial Capital Goods Bharat Heavy Electricals Ltd. Larsen & Toubro Ltd. Siemens Ltd. Crompton Greaves Ltd. Thermax Ltd.
2673.33 804.01 666.71 458.98 372.28 371.35
20.65 6.21 5.15 3.54 2.88 2.87
Software Satyam Computer Services Ltd. Infosys Technologies Ltd. NIIT Technologies Ltd. Wipro Ltd. Tata Consultancy Services Ltd.
1519.22 425.12 400.88 353.42 191.76 148.04
11.73 3.28 3.10 2.73 1.48 1.14
Consumer Non Durables United Spirits Ltd. Hindustan Lever Ltd. ITC Ltd. Radico Khaitan Ltd. McDowell Holdings Ltd.##
1501.30 518.59 416.40 356.26 210.06 -
11.59 4.01 3.22 2.75 1.62 -
Banks ICICI Bank Ltd. Federal Bank Ltd. Punjab National Bank Indian Overseas Bank
1381.71 470.25 372.00 361.86 177.60
10.67 3.63 2.87 2.79 1.37
Cement Grasim Industries Ltd. Ultratech Cement Ltd. ACC Ltd.
725.76 333.43 239.29 153.04
5.61 2.58 1.85 1.18
Auto Mahindra & Mahindra Ltd. Maruti Udyog Ltd. Tata Motors Ltd.
703.94 270.06 234.15 199.73
5.44 2.09 1.81 1.54
Telecom-Services Bharti Airtel Ltd.
632.15 632.15
4.88 4.88
Pesticides United Phosphorous Ltd.
534.22 534.22
4.13 4.13
Pharmaceuticals Wockhardt Ltd. Cipla Ltd.
452.45 300.82 151.63
3.49 2.32 1.17
Investment Objective: An open-end growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200. The secondary objective is income generation and distribution of dividend. Date of inception / takeover: August 30, 2002 NAV: Dividend Growth
Rs. 21.8346 51.7910
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: Nil Benchmark:
Issuer
Market Value Rs. in. Lacs
% to Net Assets
Finance United Breweries Holdings Ltd.
407.12 407.12
3.14 3.14
Industrial Products Kirloskar Oil Engines Ltd.
377.80 377.80
2.92 2.92
Hotels Indian Hotels Co. Ltd. Taj GVK Hotels & Resorts Ltd.
365.45 195.14 170.32
2.82 1.51 1.32
Oil Oil & Natural Gas Corporation Ltd.
347.66 347.66
2.69 2.69
Petroleum Products Reliance Industries Ltd.
341.15 341.15
2.63 2.63
Construction Nagarjuna Construction Co. Ltd.
254.77 254.77
1.97 1.97
Cash & Current Assets
730.05
5.64
12948.09
100.00
Total Net Asset
##
Mc Dowell India Spirits shares received upon demerger from Mc Dowell & Company Ltd and unlisted as on 31st January 2007 and hence not valued
BSE 200 Corpus: Rs. 129.48 Crores
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BSLFEF... Monthly Investment
1,000
Number of Investment periods (Since Inception) Total Investment
Asset Allocation
NAV Performance 60
52 52,000
Value of Investment (As of January 31, 2007)
140,182
Return on Investment (CAGR#)
48.43%
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE 200 would have given a return of 42.21%
48.2
50
45.02 40.33
43.34 40
39.53 35.18
39.43 32.2
30 20 10 0
1 Year
2 Years
3 Years
Since Inception
Birla SunLife Frontline Equity Fund - Growth
BSE200
Industrial Capital Goods Software Consumer Non Durables Banks Cash & Current Assets Cement Auto Telecom-Services Pesticides Pharmaceuticals Finance Industrial Products Hotels Oil Petroleum Products Construction
5.64% 5.61% 5.44% 4.88% 4.13% 3.49% 3.14% 2.92% 2.82% 2.69% 2.63% 1.97%
11.73% 11.59% 10.67%
20.65%
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return)
Date of First Installment: October 01, 2002
18
««««Value Research Rating
#
Birla Sun Life Frontline Equity Fund (Past performance is no guarantee of future results.)
# for methodology please refer page 3 Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Sun Life Equity Fund Investment Style: Growth
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
% to Net Assets
10560.15 2427.16 1904.88 1674.84 1606.43 1223.83 1008.00 715.02
21.51 4.94 3.88 3.41 3.27 2.49 2.05 1.46
Software Satyam Computer Services Ltd. Infosys Technologies Ltd. Megasoft Ltd. Allsec Technologies Ltd. HCL Technologies Ltd. Geometric Software Solution Ltd.
4881.24 1439.71 1328.60 759.72 690.89 518.56 143.75
9.94 2.93 2.71 1.55 1.41 1.06 0.29
Consumer Non Durables United Spirits Ltd. United Breweries Ltd. ITC Ltd. Hindustan Lever Ltd. McDowell Holdings Ltd.##
4184.84 1892.62 839.07 828.55 624.60 -
8.53 3.86 1.71 1.69 1.27 -
Banks ICICI Bank Ltd. Punjab National Bank Andhra Bank Kotak Mahindra Bank Ltd.
3621.23 1283.81 1004.00 764.80 568.62
7.38 2.62 2.05 1.56 1.16
Auto Mahindra & Mahindra Ltd. Maruti Udyog Ltd. Tata Motors Ltd.
3374.16 1215.27 1170.75 988.14
6.87 2.48 2.38 2.01
Cement Grasim Industries Ltd. Madras Cements Ltd. ACC Ltd. Century Textile & Industries Ltd. Ultratech Cement Ltd.
3302.49 1411.84 600.09 549.39 517.05 224.12
6.73 2.88 1.22 1.12 1.05 0.46
Construction Nagarjuna Construction Co. Ltd. D.S. Kulkarni Developers Ltd. Patel Engineering Ltd. Sobha Developers Ltd.
3128.51 885.55 705.79 655.65 545.08
6.37 1.80 1.44 1.34 1.11
Investment Objective: An open-end growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 10% debt and money market securities. Date of inception / takeover: August 27, 1998 NAV: Dividend Growth
Rs. 79.4764 186.8682
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL Benchmark: BSE 200 Corpus: Rs. 490.88 Crores
Industrial Capital Goods Bharat Heavy Electricals Ltd. Larsen & Toubro Ltd. Crompton Greaves Ltd. Siemens Ltd. RPG Transmission Ltd. Bharat Bijlee Ltd. Thermax Ltd.
Issuer
Ansal Properties & Infrastructure Ltd.
Systematic Investment Plan (SIP)
Monthly Investment
0.69
Retailing Pantaloon Retail (India) Ltd. Shoppers Stop Ltd. Trent Ltd.
2848.12 1479.48 916.22 452.41
5.80 3.01 1.87 0.92
Telecom-Services Bharti Airtel Ltd.
2155.15 2155.15
4.39 4.39
Finance United Breweries Holdings Ltd.
1785.21 1785.21
3.64 3.64
Pharmaceuticals Wockhardt Ltd. Cadila Healthcare Ltd. Maestro Mediline Systems Ltd.
1464.47 1043.38 409.58 11.50
2.98 2.13 0.83 0.02
Industrial Products Cummins India Ltd.
1097.20 1097.20
2.24 2.24
Media & Entertainment Jagran Prakashan Ltd. New Delhi Television India Ltd. Magnasound India Ltd.**
981.20 527.96 453.23 -
2.00 1.08 0.92 -
Hotels Indian Hotels Co. Ltd.
962.33 962.33
1.96 1.96
Pesticides United Phosphorous Ltd.
907.92 907.92
1.85 1.85
Ferrous Metals Welspun Gujarat Stahl Rohren Ltd.
759.90 759.90
1.55 1.55
3074.20
6.26
49088.31
100.00
Cash & Current Assets Total Net Asset
**Represents thinly traded/ non traded securities Mc Dowell India Spirits shares received upon demerger from Mc Dowell & Company Ltd and unlisted as on 31st January 2007 and hence not valued
Asset Allocation
NAV Performance
1,000 60
Number of Investment periods (Since Inception) Total Investment
% to Net Assets
336.44
##
SIP is a powerful tool that can help you create wealth over time. If you had invested* in BSLEF...
Market Value Rs. in. Lacs
Industrial Capital Goods Software Consumer Non Durables Banks Other Equity Auto Cement Construction Cash & Current Assets Retailing Telecom-Services Finance Pharmaceuticals Industrial Products
53.28
100
50
100,000
40
Value of Investment (As of January 31, 2007)
573,731
20
Return on Investment (CAGR#)
40.51%
10
49.81 38.44 35.18
48.96 41.49
39.53
36.97 32.2
30
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE 200 would have given a return of 27.49%
22.25
0
1 Year
2 Years
3 Years
5 Years
Birla SunLife Equity Fund - Growth
Since Inception BSE200
21.51% 9.94% 8.53% 7.38% 7.36% 6.87% 6.73% 6.37% 6.26% 5.80% 4.39% 3.64% 2.98% 2.24%
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return) Date of First Installment: October 1, 1998
««««Value Research Rating Birla Sun Life Equity Fund
CRISIL~CPR 2 Open End Diversified Equity Scheme^^ (Past performance is no guarantee of future results.)
(Past performance is no guarantee of future results.)
# for methodology please refer page 3
19
#
^^ for methodology please refer page 3
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Sun Life Tax Relief '96 An Open-ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years
F e b r u a r y 2 0 0 7
Investment Style: Growth
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
Investment Objective:
% to Net Assets
Industrial Capital Goods Larsen & Toubro Ltd. Bharat Bijlee Ltd. Siemens Ltd. Honeywell Automation India Ltd.
3632.47 1571.53 910.73 688.47 461.74
12.42 5.37 3.11 2.35 1.58
Software Satyam Computer Services Ltd. Infosys Technologies Ltd. Wipro Ltd.
3508.40 1558.76 1122.23 827.42
11.99 5.33 3.84 2.83
Banks Federal Bank Ltd. ICICI Bank Ltd. ING Vysya Bank Ltd. State Bank of India Oriental Bank of Commerce
3155.29 873.16 846.45 673.51 546.26 215.90
10.79 2.98 2.89 2.30 1.87 0.74
Money Market Instruments ICICI Bank Ltd.
2912.41 2912.41
9.96 9.96
Finance United Breweries Holdings Ltd. Housing Development Finance Corp. Ltd.
2738.00 1735.55 1002.45
9.36 5.93 3.43
BSE 200
Auto Maruti Udyog Ltd. Mahindra & Mahindra Ltd.
2679.74 1779.54 900.20
9.16 6.08 3.08
Corpus:
Petroleum Products Reliance Industries Ltd.
1910.44 1910.44
6.53 6.53
Telecom-Services Bharti Airtel Ltd. Reliance Communications Ltd.
1807.98 955.13 852.85
6.18 3.26 2.92
Hotels Taj GVK Hotels & Resorts Ltd. Asian Hotels Ltd.
1698.32 949.53 748.79
5.81 3.25 2.56
Pesticides United Phosphorous Ltd.
1215.08 1215.08
4.15 4.15
Auto Ancillaries Motor Industries Company Ltd. MRF Ltd. Automobile Corporation of Goa Ltd.
1008.97 648.50 250.95 109.51
3.45 2.22 0.86 0.37
An open-end equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities Date of inception / takeover: March 29, 1996 NAV Dividend
Rs. 150.3687
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL Benchmark:
Issuer
Market Value Rs. in. Lacs
Consumer Non Durables Radico Khaitan Ltd. ITC Ltd.
949.85 515.60 434.25
3.25 1.76 1.48
Transportation Container Corporation of India Ltd.
396.42 396.42
1.36 1.36
Pharmaceuticals Sun Pharmaceutical Industries Ltd.
308.33 308.33
1.05 1.05
Industrial Products Kirloskar Brothers Ltd.
281.42 281.42
0.96 0.96
Trading Uniphos Enterprises Ltd.
222.66 222.66
0.76 0.76
Textile Products Aditya Birla Nuvo Ltd. Aditya Birla Nuvo Ltd. (Rights)
206.49 201.63 4.86
0.71 0.69 0.02
Cement Madras Cements Ltd.
166.69 166.69
0.57 0.57
-
-
454.89
1.55
29253.84
100.00
Media & Entertainment Magnasound India Ltd.** Cash & Current Assets Total Net Asset
Rs. 292.53 Crores
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BSLTR’96F... Monthly Investment
1,000
Number of Investment periods (Since Inception) Total Investment Value of Investment (As of January 31, 2007)
% to Net Assets
**Represents thinly traded/ non traded securities
Asset Allocation
NAV Performance
130 130,000
50 43.37 39.53
45 40
1,438,985
35
41.09%
25
37.7
35.18
40.59
40 36.97
34.46 32.2
30
Return on Investment (CAGR#)
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE 200 would have given a return of 22.28%. Dividend Reinvestment NAVs has been considered for the analysis.
20
15.77
15 10 5 0
1 Year
2 Years
3 Years
5 Years
Birla SunLife Capital Tax Relief 96
Since Inception
BSE200
Industrial Capital Goods Software Banks Money Market Instruments Finance Auto Petroleum Products Telecom-Services Hotels Other Equity Pesticides Auto Ancillaries Consumer Non Durables Cash & Current Assets
12.42% 11.99% 10.79% 9.96% 9.36% 9.16% 6.53% 6.18% 5.81% 5.41% 4.15% 3.45% 3.25% 1.55%
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return) Date of First Installment: April 1, 1996
20
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Balance Investment Style: (Equity) Value + Growth Interest Rate Sensitivity: (Debt) Medium
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value Rs. in. Lacs
Investment Objective:
% to Net Assets
Issuer
Market Value Rs. in. Lacs
% to Net Assets
Bharat Electronics Ltd.
376.90
3.08
Fertilisers Tata Chemicals Ltd.
371.15 371.15
3.03 3.03
13.81 4.39 3.76 3.64 2.02 -
Industrial Products BOC India Ltd.
235.65 235.65
1.92 1.92
Corporate Debt Power Finance Corporation Ltd. ** Housing Development Finance Corp. Ltd. **
199.24 149.67 49.57
1.63 1.22 0.40
1257.47 648.14 609.33
10.26 5.29 4.97
Hotels Indian Hotels Co. Ltd.
76.23 76.23
0.62 0.62
349.51
2.85
1012.86 516.78 496.08
8.27 4.22 4.05
12252.70
100.00
PSU/PFI Bonds/Banks Citibank N A ** HDFC Bank Ltd. **
795.60 753.19 42.41
6.49 6.15 0.35
Banks State Bank of India Oriental Bank of Commerce
757.48 455.22 302.26
6.18 3.72 2.47
Telecom-Services Bharti Airtel Ltd.
672.13 672.13
5.49 5.49
Power Reliance Energy Ltd.
566.41 566.41
4.62 4.62
6.08 Years
Pesticides United Phosphorous Ltd.
555.81 555.81
4.54 4.54
Corpus:
Petroleum Products Reliance Industries Ltd.
545.84 545.84
4.45 4.45
Industrial Capital Goods
376.90
3.08
An Open-ended balanced scheme with an objective to balance income requirements with growth of capital through a balance mix of investments in equity and debt at relatively moderate levels of risks through a diversified research based investment approach. Date of inception / takeover: October 12, 1999 NAV: Dividend Growth
Government Bond Govt Bond 7.44% OIL MKTG. COS.2012 Govt Bond 7.61% Oil Company 2015 8.33% CGL 07 JUNE 2036
2788.34 2217.35 289.80 281.19
22.76 18.10 2.37 2.29
Consumer Non Durables ITC Ltd. Radico Khaitan Ltd United Spirits Ltd. E.I.D. Parry (India) Ltd. McDowell Holdings Ltd. ##
1692.09 538.47 460.32 445.80 247.50 -
Auto Mahindra & Mahindra Ltd. Hero Honda Motors Ltd. Pharmaceuticals Pfizer Ltd. Novartis India Ltd.
Rs.
Cash & Current Assets
18.7321 28.1752
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: NIL
Total Net Asset
** Represents thinly traded/ non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 8.12 % ##
Benchmark:
Mc Dowell India Spirits shares received upon demerger from Mc Dowell & Company Ltd and unlisted as on 31st January 2007 and hence not valued
CRISIL Balanced Fund Index Average Maturity:
Rs. 122.52 Crores
SIP is a powerful tool that can help you create wealth over time. If you had invested* in Birla Balance... Monthly Investment Number of Investment periods (Since Inception) Total Investment
30
1,000
Asset Allocation
NAV Performance
Systematic Investment Plan (SIP)
25
27.01 26.39 24.69
26.69 23.51
21.99
20.74
20 15.23
87
15
87,000
10
Value of Investment (As of January 31, 2007)
199,131
Return on Investment (CAGR#)
22.36%
5 0
1 Year
2 Years
BB Gr
3 Years
5 Years
Since Inception
Crisil Balanced Fund Index
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE 200 would have given a return of 19.11%
10.26% 8.27% 6.49% 6.18% 5.49% 4.62% 4.54% 4.45% 3.08% 3.03% 2.85% 2.55% 1.63%
Other
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return)
21
22.76% 13.81%
Rating Profile
#
Date of First Installment: November 1, 1999
Government Bond Consumer Non Durables Auto Pharmaceuticals PSU/PFI Bonds/Banks Banks Telecom-Services Power Pesticides Petroleum Products Industrial Capital Goods Fertilisers Cash & Current Assets Other Equity & Preference Corporate Debt
66.27%
Sovereign Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
AAA Cash & Current Assets AA
22.76% 6.90% 2.85% 1.22%
Birla Sun Life '95 Fund Investment Style: (Equity) Value + Growth Interest Rate Sensitivity: (Debt) Low
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value % to Net Rs. in. Lacs Assets
Investment Objective:
Rating
Government Bond Govt Bond 7.44% OIL MKTG. COS.2012 Govt Bond 7.61% Oil Company 2015 8.33% CGL 07 JUNE 2036 Govt Bond 7.94% 2021
3982.21 29.90 2013.12 15.12 Sovereign 1811.25 13.60 Sovereign 127.81 0.96 Sovereign 30.03 0.23 Sovereign
Consumer Non Durables ITC Ltd. United Breweries Ltd. Bombay Burmah Trading Corporation Ltd.
1515.46 657.83 630.30 227.33
11.38 4.94 4.73 1.71
Pesticides Rallis India Ltd. United Phosphorous Ltd.
1179.76 627.35 552.40
8.86 4.71 4.15
Finance United Breweries Holdings Ltd.
1064.24 1064.24
7.99 7.99
Banks State Bank of India Oriental Bank of Commerce
997.38 569.03 428.36
7.49 4.27 3.22
Telecom-Services Bharti Airtel Ltd.
707.50 707.50
5.31 5.31
Auto Hero Honda Motors Ltd.
682.53 682.53
5.12 5.12
CRISIL Balanced Fund Index
Petroleum Products Reliance Industries Ltd.
682.30 682.30
5.12 5.12
Average Maturity: 7.20 Years
Retailing Trent Ltd.
444.74 444.74
3.34 3.34
Corpus:
Gas Gujarat Gas Co. Ltd.
395.40 395.40
2.97 2.97
Industrial Products BOC India Ltd.
367.00 367.00
2.76 2.76
An open-end balanced scheme with the objective of long term growth of capital and current income, through a portfolio with a target allocation of 60% equity and 40% debt and money market securities. Date of inception / takeover:
Issuer
Market Value % to Net Rs. in. Lacs Assets
Media & Entertainment ETC Networks Ltd. Global Broadcast News Magnasound India Ltd. **
286.58 260.40 26.18 -
2.15 1.96 0.20 -
PSU/PFI Bonds/Banks Power Finance Corporation Ltd. **
243.18 243.18
1.83 1.83
Fertilisers Rashtriya Chemicals & Fertilizers Ltd.
238.73 238.73
1.79 1.79
Pharmaceuticals Cadila Healthcare Ltd.
226.46 226.46
1.70 1.70
Industrial Capital Goods Bharat Bijlee Ltd.
135.91 135.91
1.02 1.02
Rating
AAA
February 10, 1995 NAV:
Rs.
Dividend Growth
83.0623 179.7848
Load Structure (Incl. for SIP): Entry Load: < Rs. 5 crores - 2.25 % ³ Rs. 5 crores - Nil Exit Load: Nil Benchmark:
Rs. 133.18 Crores
Monthly Investment
1,000
25
Number of Investment periods (Since Inception) Total Investment
30
33.34
142 142,000
24.69
31.61
29.8
28.95
27.27
26.39 20.74
20 15 10 5
Value of Investment (As of January 31, 2007)
1,009,792 #
Return on Investment (CAGR )
30.36%
0
1 Year
2 Years
3 Years
Birla SunLife 95 - Growth
5 Years
Since Inception
Crisil Balanced Fund Index
* Load has not been taken into consideration. Past performance may or may not be sustained in future. In the same period, a SIP in BSE 200 would have given a return of 12.63%
Date of First Installment: April 1, 1995
22
Total Net Asset
1.14
13318.40 100.00
** Represents thinly traded/ non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 1.96 %
Government Bond Consumer Non Durables Pesticides Finance Banks Other Equity Telecom-Services Auto Petroleum Products Retailing Gas Industrial Products PSU/PFI Bonds/Banks Cash & Current Assets Securitised Debt
29.90% 11.38% 8.86% 7.99% 7.49% 6.66% 5.31% 5.12% 5.12% 3.34% 2.97% 2.76% 1.83% 1.14% 0.13%
Rating Profile 66.81%
Other
#
Computed after accounting for the cash flow by using XIRR method (investment internal rate of return)
151.59
0.13 0.13 AAA(SO)
Asset Allocation
40 35
17.41 17.41
Cash & Current Assets
NAV Performance
Systematic Investment Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested* in BSL‘95F...
Securitised Debt Fleet Trust July 2004 A2 Series **
Sovereign Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
29.90%
AAA
1.96%
Cash & Current Assets
1.33%
Birla MIP
An open- ended fund. Monthly income is not assured and is subject to availability of distributable surplus
Investment Style: (Equity) Value + Growth Interest Rate Sensitivity: (Debt) Medium
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value % to Net Rs. in. Lacs Assets
Investment Objective: An Open-ended income scheme with the objective to generate regular income so as to make monthly distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus. Date of inception / takeover: November 20, 2000 NAV: Dividend Payment / Growth
Rs. 11.0962 19.1866
Corporate Debt 6632.97 37.17 Housing Development Finance Corp. Ltd. ** 1685.25 9.45 Cholamandalam DBS Finance Ltd. ** 1012.11 5.67 Kotak Mahindra Prime Ltd. ** 992.65 5.56 Mahindra & Mahindra Financial Serv. Ltd. ** 992.10 5.56 Great Eastern Shipping Company Ltd. ** 904.28 5.07 Sundaram Finance Ltd. ** 598.68 3.36 Electrosteel Castings Ltd. ** 242.58 1.36 CitiFinancial Consumer Finance India Ltd ** 205.32 1.15 Government Bond Govt Bond 7.44% OIL MKTG. COS.2012 Govt Bond 7.61% Oil Company 2015 Govt Bond 7.59% OIL MKTG. COS.2015
4887.04 27.39
EQUITY Radico Khaitan Ltd Reliance Industries Ltd. Bharti Airtel Ltd. United Phosphorous Ltd. Novartis India Ltd. Reliance Energy Ltd. Hero Honda Motors Ltd. Pfizer Ltd. ITC Ltd. Oriental Bank of Commerce State Bank of India Rallis India Ltd. United Spirits Ltd. Indian Hotels Co. Ltd. McDowell Holdings Ltd. **
2295.84 12.87 192.40 1.08 191.04 1.07 191.03 1.07 189.83 1.06 187.75 1.05 179.76 1.01 179.43 1.01 170.41 0.96 168.49 0.94 167.46 0.94 153.64 0.86 150.03 0.84 136.47 0.76 38.11 0.21 -
<= Rs 10 lakhs: 0.60% if redeemed / switched out with in 90 days from the date of allotment. > 10 Lakhs: Nil Benchmark: CRISIL MIP Blended Index Average Maturity: 3.51 Years Corpus:
AAA LAA LAA AA+ AAA AA+ AA AAA
2723.07 15.26 Sovereign 2018.94 11.32 Sovereign 145.04
0.81 Sovereign
Load Structure(Incl. for SIP): Entry Load: NIL Exit Load:
Rating
Issuer
Market Value % to Net Rs. in. Lacs Assets
Securitised Debt Ind Ret ABS Trust Ser 49(A4) 18 MAY 2010 ** Indian Corp Loan Sec Trust 03Apr2008 ** Ind Retail ABS Trust Ser XIII A3PTC ** Fleet Trust Aug I 2003 A3 CFIL (IL&FS) **
2220.70 12.45 1068.67 803.46 287.98 60.59
5.99 AAA(SO) 4.50 AA(So) 1.61 MAAA(So) 0.34 AAA(SO)
PSU/PFI Bonds/Banks Power Finance Corporation Ltd. ** Power Grid Corporation of India Ltd. **
765.33 389.09 376.24
4.29 2.18 2.11
Mutual Fund Units Birla Fixed Term Debt Fund Ser 3 -18 B Birla Fixed Term Debt Fund Ser 3 -36 B
86.70 54.53 32.17
0.49 0.31 0.18
954.13
5.35
Cash & Current Assets Total Net Asset
Rating
17842.72 100.00
** Represents thinly traded/ non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 53.91 %
Rs. 178.42 Crores
Asset Allocation
NAV Performance Corporate Debt
12
37.17%
11.08 10.41
10
9.34 9.09
8.87 7.82
8
27.39%
Government Bond
9.59 7.31
6 4
Equity
12.87%
Securitised Debt
12.45% 5.35%
Cash & Current Assets
2
4.29%
PSU/PFI Bonds/Banks 0
1 Year
2 Years
3 Years
5 Years
Since Inception
0.49%
Mutual Fund Units
Rating Profile 27.90%
AAA Sovereign
23
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
AAA AAA
27.39% 26.01%
AA Equity Cash & Current Assets
13.35% 5.35%
Birla MIP II - Savings 5 Plan Investment Style: (Equity) Value + Growth Interest Rate Sensitivity: (Debt) Medium
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value % to Net Rs. in. Lacs Assets
Investment Objective: An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus. Date of inception / takeover: May 22, 2004 NAV: Dividend Payment / Growth
Rs. 10.1454 11.5647
Load Structure (Incl. for SIP): Entry Load: NIL Exit Load: NIL
An open- ended fund. Monthly income is not assured and is subject to availability of distributable surplus
Corporate Debt GE Capital Services India Ltd. ** Kotak Mahindra Prime Ltd. ** Electrosteel Castings Ltd. **
229.02 99.73 98.97 30.32
35.76 15.57 15.45 4.73
Rating
AAA LAA AA
Securitised Debt 172.43 Indian Corp Loan Sec Trust 03Apr2008 **100.43 Ind Retail ABS Trust Ser XIII A3PTC ** 71.99
26.92 15.68 AA(So) 11.24 MAAA(So)
Floating Rate Instruments ICICI Bank Ltd.
100.00 100.00
15.61 15.61
EQUITY Hero Honda Motors Ltd. Oriental Bank of Commerce Bharti Airtel Ltd. Rallis India Ltd. State Bank of India
24.52 5.74 5.40 5.09 4.50 3.79
3.83 0.90 0.84 0.80 0.70 0.59
Cash & Current Assets
114.48
17.87
Total Net Asset
640.45 100.00
AAA
** Represents thinly traded/ non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 62.68 %
Benchmark: CRISIL MIP Blended Index Average Maturity: 0.40 Years Corpus: Rs. 6.40 Crores
Asset Allocation
NAV Performance 12 10
Corporate Debt
9.59
9.09
35.76%
8.26
26.92%
Securitised Debt
8 6.36 6
5.88
5.54
17.87%
Cash & Current Assets 4
Floating Rate Instruments
2 0
1 Year
2 Years
Birla MIP II - Savings 5 - Growth
Since Inception
15.61%
Equity
3.83%
Crisil MIP Blended Index
Rating Profile 42.43%
AAA 35.87%
AA
24
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
17.87%
Cash & Current Assets Equity
3.83%
Birla MIP II - Wealth 25 Plan Investment Style: (Equity) Value + Growth Interest Rate Sensitivity: (Debt) Medium
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value % to Net Rs. in. Lacs Assets
Investment Objective: An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus. Date of inception / takeover: May 22, 2004 NAV: Dividend Payment / Growth
Rs. 11.2223 13.5070
Load Structure (Incl. for SIP): Entry Load: NIL Exit Load: For redemption / switch out of units within 12 months from the date of allotment: 1%
Benchmark: CRISIL MIP Blended Index Average Maturity: 4.11 Years
An open- ended fund. Monthly income is not assured and is subject to availability of distributable surplus
Rating
Issuer
Corporate Debt 3992.98 Sundaram Finance Ltd. ** 1501.12 Housing Development Finance Corp. Ltd. ** 1288.98 Mahindra & Mahindra Financial Serv. Ltd. ** 496.05 Great Eastern Shipping Company Ltd. ** 452.14 Cholamandalam DBS Finance Ltd. ** 119.07 Indian Railways Finance Corp. Ltd. ** 105.30 Electrosteel Castings Ltd. ** 30.32
33.60 12.63
AA+
10.85
AAA
4.17 3.80 1.00 0.89 0.26
AA+ AAA LAA AAA AA
Government Bond Govt Bond 7.44% OIL MKTG. COS.2012 Govt Bond 7.61% Oil Company 2015 Govt Bond 7.59% OIL MKTG. COS.2015
3077.71
25.90
1556.04 1279.95 241.73
13.09 Sovereign 10.77 Sovereign 2.03 Sovereign
EQUITY 2350.28 ITC Ltd. 138.96 Bharti Airtel Ltd. 136.41 Radico Khaitan Ltd 132.70 United Phosphorous Ltd. 131.36 Hero Honda Motors Ltd. 129.61 Mahindra & Mahindra Ltd. 126.03 Reliance Industries Ltd. 122.81 Rallis India Ltd. 120.02 State Bank of India 119.50 ZF Steering Gear (India) Ltd. 114.64 Oriental Bank of Commerce 113.35 Aventis Pharma Ltd. 107.13 Novartis India Ltd. 107.10 Pfizer Ltd. 105.26 Hindustan Lever Ltd. 104.10 Reliance Energy Ltd. 97.58 Subros Ltd. 93.53 Glaxosmithkline Consumer Healthcare Ltd. 89.35 Hindustan Sanitaryware & Industries Ltd. 87.37 United Spirits Ltd. 85.52
19.77 1.17 1.15 1.12 1.11 1.09 1.06 1.03 1.01 1.01 0.96 0.95 0.90 0.90 0.89 0.88 0.82 0.79 0.75 0.74 0.72
Market Value % to Net Rs. in. Lacs Assets
BOC India Ltd. Global Broadcast News McDowell Holdings Ltd. ** Securitised Debt Indian Retail ABS Trust Series 56 (A1X) ** Indian Corp Loan Sec Trust 03Apr2008 ** BHPC 15 OCT 2008 BHPC Auto Sec Trust **
65.98 21.98 1314.47
PSU/PFI Bonds/Banks Power Finance Corporation Ltd. ** Mutual Fund Units Birla Fixed Term Debt Fund Ser 3 -18 B Birla Fixed Term Debt Fund Ser 3 -36 B Cash & Current Assets
Rating
0.56 0.18 11.06
549.25
4.62 AAA(SO)
401.73
3.38
363.49
3.06 AAA(SO)
680.91 680.91
5.73 5.73
86.70 54.53 32.17
0.73 0.46 0.27
382.16
3.22
AA(SO)
AAA
Total Net Asset 11885.22 100.00 ** Represents thinly traded/ non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 50.38 %
Corpus: Rs. 118.85 Crores
Asset Allocation
NAV Performance Corporate Debt
14 11.83
12 10
33.60%
11.8
25.90%
Government Bond
10.06 9.09
9.59 8.26
8
Equity
19.77% 11.06%
Securitised Debt
6 4
5.73%
PSU/PFI Bonds/Banks
2 0
3.22%
Cash & Current Assets 1 Year
2 Years
Birla MIP II - Wealth 25 - Growth
Since Inception
Crisil MIP Blended Index
Mutual Fund Units
0.73%
Rating Profile 28.94%
AAA
««««Value Research Rating Birla MIP II Wealth 25 Plan
#
(Past performance is no guarantee of future results.)
Sovereign
25.90% 21.44%
AA Equity
20.32%
# for methodology please refer page 3 Cash & Current Assets
25
3.40%
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Sun Life Monthly Income An open- ended fund. Monthly income is not assured and is subject to availability of distributable surplus
F e b r u a r y 2 0 0 7
Investment Style: (Equity) Value + Growth Interest Rate Sensitivity: (Debt) Medium
As on January 31, 2007
Portfolio Issuer
Market Value % to Net Rs. in. Lacs Assets
Investment Objective: An open-end income scheme with the primary objective to generate regular income so as to make monthly and quarterly distributions to Unitholders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of distributable surplus. Date of inception / takeover: July 14, 1999 NAV: Dividend Growth Quarterly Dividend
Rs. 10.8539 25.3953 11.2941
Load Structure (Incl. for SIP): Entry Load: NIL Exit Load: For redemption / switch out of units within 12 months from the date of allotment: 1%
Benchmark: CRISIL MIP Blended Index Average Maturity: 3.93 Years
Rating
Government Bond Govt Bond 7.44% OIL MKTG. COS.2012 Govt Bond 7.61% Oil Company 2015 Govt Bond 7.59% OIL MKTG. COS.2015
5111.02 2917.57 1516.62 676.83
39.23 22.39 Sovereign 11.64 Sovereign 5.19 Sovereign
Corporate Debt Cholamandalam DBS Finance Ltd. ** Kotak Mahindra Prime Ltd. ** Tata Steel Ltd. ** Sundaram Finance Ltd. ** Housing Development Finance Corp. Ltd. **
3152.02 1041.88 992.65 490.65 349.23
24.19 8.00 7.62 3.77 2.68
277.62
2.13
Securitised Debt Ind Ret ABS Trust Ser 49(A4) 18 MAY 2010 ** India Infrastructure Developers Ltd. ** Goldstar Trust (CITI) ** Fleet Trust July 2004 A2 Series ** Fleet Trust April 2004 Series **
1984.80
15.23
1603.01 316.11 44.00 17.41 4.26
12.30 2.43 0.34 0.13 0.03
EQUITY United Breweries Holdings Ltd. Gujarat Gas Co. Ltd. Rallis India Ltd. Bharti Airtel Ltd. Nirma Ltd. BOC India Ltd. United Phosphorous Ltd. United Breweries Ltd. Mahindra & Mahindra Ltd. Hero Honda Motors Ltd. Pritish Nandy Communications Ltd.
1932.58 199.91 156.35 144.21 141.50 136.57 132.26 131.36 126.06 126.03 124.16 106.22
14.83 1.53 1.20 1.11 1.09 1.05 1.02 1.01 0.97 0.97 0.95 0.82
Issuer
Market Value % to Net Rs. in. Lacs Assets
LAA LAA AAA AA+
State Bank of India Oriental Bank of Commerce ETC Networks Ltd. Hindustan Sanitaryware & Industries Ltd. Trent Ltd. Subros Ltd. Magnasound India Ltd. ** PSU/PFI Bonds/Banks Power Finance Corporation Ltd. ** Power Finance Corporation Ltd. **
102.42 97.16 87.10 50.57 43.42 27.30 301.32 291.82 9.50
0.79 0.75 0.67 0.39 0.33 0.21 2.31 2.24 0.07
AAA
Cash & Current Assets
547.17
4.20
Total Net Asset AAA(SO) AA(SO) AAA(SO) AAA(SO) AAA(SO)
** Represents thinly traded/non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 41.74 %
Rs. 130.28 Crores
Asset Allocation
NAV Performance
12 10
13.13 11.96
9.09
11.49 10.47 9.59
39.23%
Government Bond Corporate Debt
24.19%
8.56
8
7.31
Securitised Debt
15.23%
Equity
14.83%
6 4 2 0
4.20%
Cash & Current Assets 1 Year
2 Years
3 Years
Birla SunLife MIP - Growth
5 Years
Since Inception
2.31%
PSU/PFI Bonds/Banks
Crisil MIP Blended Index
Rating Profile Sovereign
39.23% 23.44%
AAA
18.30%
AA
26
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
AAA AAA
13028.92 100.00
Corpus:
14
Rating
Equity Cash & Current Assets
14.83% 4.20%
Birla Income Plus Interest Rate Sensitivity: Medium
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value % to Net Rs. in. Lacs Assets
Investment Objective: An Open-ended income scheme with the objective to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. Date of inception / takeover: October 21, 1995 NAV: Dividend Growth
Rs. 10.1917 30.4069
Load Structure (Incl. for SIP): Entry Load: NIL Exit Load: <= Rs 10 lakhs: 0.60% if redeemed / switched out with in 180 days from the date of allotment. > 10 Lakhs: Nil Benchmark: CRISIL Composite Bond Fund Index Average Maturity: 6.47 Years
Rating
Issuer
Government Bond 12348.37 Govt Bond 7.44% OIL MKTG. COS.2012 6661.79 Govt Bond 7.61% Oil Company 2015 2511.60 Govt Bond 7.94% 2021 1701.53 Govt Bond 8.13% OIL MKT COMP GOI 2021 990.00 Govt Bond 7.59% OIL MKTG. COS.2015 483.45
53.41
Corporate Debt CitiFinancial Consumer Finance India Ltd** Housing Development Finance Corp. Ltd.** Hindalco Industries Ltd.** BHW Home Finance Ltd.** IL&FS Investmart Ltd.** Cholamandalam DBS Finance Ltd.** Reliance Industries Ltd.**
5498.65
23.78
1487.23
6.43
1483.40 1242.13 1001.52 99.56 99.23 85.58
6.42 AAA 5.37 AAA 4.33 LAA+ 0.43 LAAA(So) 0.43 LAA 0.37 AAA
PSU/PFI Bonds/Banks Power Finance Corporation Ltd.** Indian Railways Finance Corp. Ltd.** Power Finance Corporation Ltd.** Neyveli Lignite Corporation Ltd.** Oriental Bank of Commerce**
3658.42 2266.45 987.02 285.13 110.01 9.81
Floating Rate Instruments Indian Retail ABS Trust SerXIII A3
363.05 363.05
28.81 Sovereign 10.86 Sovereign 7.36 Sovereign 4.28 Sovereign 2.09 Sovereign
15.82 9.80 4.27 1.23 0.48 0.04
Market Value % to Net Rs. in. Lacs Assets
Securitised Debt Ind Retail ABS Trust Ser XIII A3PTC** Cash & Current Assets Total Net Asset
107.99 107.99 1145.38
Rating
0.47 0.47 MAAA(So) 4.95
23121.87 100.00
** Represents thinly traded/ non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 40.07 %
AAA
AAA AAA AAA LAAA AA+
1.57 1.57 MAAA(So)
Corpus: Rs. 231.21 Crores
Asset Allocation
NAV Performance
53.41%
Government Bond
12 10.35 10
Corporate Debt
23.78%
8 6.28 6
4.79 4.04
15.82%
PSU/PFI Bonds/Banks
5.62 4.29
4
Cash & Current Assets
2.99 2.92
4.95%
2
Floating Rate Instruments 0
1 Year
2 Years
BIP Gr
3 Years
5 Years
1.57%
Since Inception
Crisil Composite Bond Fund Index
Securitised Debt
0.47%
Rating Profile Sovereign
CRISIL~CPR 2 Open End Debt Scheme^^ (Past performance is no guarantee of future results.)
36.84%
AAA Cash & Current Assets
4.95%
AA
4.80%
^^ for methodology please refer page 3
27
53.41%
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Sun Life Income Fund Interest Rate Sensitivity: Medium
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Market Value % to Net Rs. in. Lacs Assets
Investment Objective: An Open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities. Date of inception / takeover: March 03, 1997 NAV: Half Yearly Dividend Growth Quarterly Dividend 54 EA Dividend 54 EA Growth 54 EB Dividend 54 EB Growth
Government Bond Govt Bond 7.44% OIL MKTG. COS.2012 Govt Bond 8.13% OIL MKT COMP GOI 2021
Rating
1541.48 45.79 1264.28 37.56 Sovereign 277.20
8.23 Sovereign
Securitised Debt Goldstar Trust (CITI)** India Infrastructure Developers Ltd. ** Fleet Trust April 2004 Series **
353.33 10.50 176.01 5.23 175.62 5.22 1.71 0.05
AAA(SO) AAA(SO) AAA(SO)
Money Market Instruments Tata Power Company Ltd. The Hongkong & Shanghai Banking Corp Ltd
346.70 10.30 243.79 7.24
P1+
102.91
3.06
F1+
Corporate Debt Housing Development Finance Corp. Ltd.**
297.40
8.83
297.40
8.83
AAA
PSU/PFI Bonds/Banks Power Finance Corporation Ltd.**
285.13 285.13
8.47 8.47
AAA
Floating Rate Instruments 190.03 Housing Development Finance Corp. Ltd. 190.03
5.64 5.64
LAAA
Rs. 10.8642 25.7356 10.3212 11.3325 25.7176 11.3445 25.5556
Load Structure (Incl. for SIP): Entry Load: NIL Exit Load: <= Rs 10 lakhs: 0.60% if redeemed / switched out with in 180 days from the date of allotment. > 10 Lakhs: Nil
Cash & Current Assets
352.32 10.47
Benchmark: Total Net Asset
3366.39 100.00
CRISIL Composite Bond Fund Index Average Maturity:
** Represents thinly traded/ non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 27.80 %
3.74 Years Corpus:
Asset Allocation
NAV Performance
Rs. 33.66 Crores 12
10
10 8
7.76
Securitised Debt
10.50%
Cash & Current Assets
10.47%
6.94 6.02
6 4.04
4.29
4
4.21
Money Market Instruments
10.30%
2.92
2 0
45.79%
Government Bond
1 Year
2 Years
3 Years
5 Years
Corporate Debt
8.83%
PSU/PFI Bonds/Banks
8.47%
Since Inception
Birla SunLife Income Fund - Growth Crisil Composite Bond Fund Index
Floating Rate Instruments
5.64%
Rating Profile
CRISIL~CPR 1 Open End Debt Scheme^^
Sovereign
45.79% 43.74%
AAA
(Past performance is no guarantee of future results.)
^^ for methodology please refer page 3
28
Cash & Current Assets
10.47%
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Gilt Plus Interest Rate Sensitivity: Regular Plan/PF Plan - High, Liquid Plan - Low
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective: An Open-ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. Date of inception / takeover: October 12, 1999 NAV:
Rs.
Liquid Plan Quarterly Dividend Growth Annual Dividend PF Plan Quarterly Dividend Growth Annual Dividend Regular Plan Quarterly Dividend Growth Annual Dividend
10.7270 18.0443 12.0156 10.6519 20.7403 20.7410 11.2132 23.3676 23.4153
Load Structure (Incl. for SIP): Liquid Plan, Regular Plan & PF Plan-Quarterly / Annual Dividend: Entry Load: NIL; Exit Load: NIL PF Plan - Growth: Entry Load: NIL Exit Load: 1.00% if redeemed / switched out within 365 days from date of allotment. Benchmark: Liquid Plan - I-Sec Si-BEX PF Plan - I-Sec Li-BEX Regular Plan - I-Sec Li-BEX
Market Value % to Net Rs. in. Lacs Assets
Rating
NAV Performance 9
Liquid Plan
8.41
8 7
Treasury Bills 182 Day TBill 09 MAR 2007
1589.46 73.18 1589.46 73.18 Sovereign
6.61 6.44
6
6.27 5.73 5.64
5
5.35 4.99
4
Government Bond Govt Bond 7.44% OIL MKTG. COS.2012
291.76 13.43 291.76 13.43 Sovereign
Cash & Current Assets
290.68 13.38
Total Net Asset
3 2 1 0 1 Year
2 Years
2171.90 100.00
3 Years
BGPL Gr
Liquid Plan - 0.77 Years PF Plan - 4.51 Years Regular Plan - 13.34 Years
Since Inception
I-Sec Si-BEX
NAV Performance
PF Plan 12
Government Bond 9121.42 Govt Bond 7.61% Oil Company 2015 2163.84 Govt Bond 7.59% OIL MKTG. COS.2015 1630.19 Govt Bond 7.44% OIL MKTG. COS.2012 1556.04 Govt Bond 7.94% 2021 1161.04 8.33% CGL 07 JUNE 2036 1124.75 Govt Bond 8.13% OIL MKT COMP GOI 2021 990.00 Govt Bond 7.59% 2016 495.55 Cash & Current Assets
229.62
Total Net Asset
97.54 23.14 17.43 16.64 12.42 12.03 10.59 5.30
10.49
10
Sovereign Sovereign Sovereign Sovereign Sovereign Sovereign Sovereign
7.42
8
6.75
6.20 6
5.45
5.08 3.50
4
2.87
2 0 1 Year
2.46
2 Years
3 Years
BGP PFP Gr
5 Years
Since Inception
I-Sec Li-BEX
9351.04 100.00
NAV Performance 14
Regular Plan Government Bond
12.31
12
5810.91 97.68
9.38
10
Govt Bond 7.61% Oil Company 2015 1449.00 Govt Bond 7.94% 2021 1391.25 8.33% CGL 07 JUNE 2036 1022.50 Govt Bond 7.59% OIL MKTG. COS.2015 966.90 Govt Bond 8.13% OIL MKT COMP GOI 2021 495.00 Govt Bond 7.44% OIL MKTG. COS.2012 486.26
24.36 23.39 17.19 16.25 8.32 8.17
Sovereign Sovereign Sovereign Sovereign Sovereign Sovereign
8
7.37
6.2
6.07
6.57
6 3.74 3.5
4 2 0 1 Year
2 Years
3 Years
Birla GPRP Gr
Average Maturity:
5 Years
Cash & Current Assets
137.81
Total Net Asset
5 Years
Since Inception
I-Sec Li-BEX
2.32 Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
5948.72 100.00
Corpus: Liquid Plan - Rs. 21.71 Crores PF Plan - Rs. 93.51 Crores Regular Plan - Rs. 59.48 Crores
Regular Plan - Asset Allocation
Liquid Plan - Asset Allocation Treasury Bills
73.18%
Government Bond Government Bond
13.43%
Cash & Current Assets
13.38%
«««««Value Research Rating ICRA Online Awards 2006@: GOLD Ranked MFR1 in Open Ended Gilt Schemes - Short Term (3 year) (Past performance is no guarantee of future results.)
2.32%
PF Plan - Asset Allocation
#
Birla Gilt Plus - Liquid Plan (Past performance is no guarantee of future results.)
# for methodology please refer page 3
CRISIL~CPR 2 Open End Long Term Gilt Scheme^^ (Past performance is no guarantee of future results.)
29
Cash & Current Assets
97.68%
^^ for methodology please refer page 3
Government Bond
Cash & Current Assets
97.54%
2.46%
Birla Sun Life Government Securities Fund Interest Rate Sensitivity: Long Term Plan - High, Short Term Plan - Low
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective: An Open-ended Gilt scheme with the objective to provide investors current income consistent with a portfolio invested 100% in securities issued by the Government of India or the State Governments, and the secondary objective is capital appreciation.
Market Value % to Net Rs. in. Lacs Assets
Rating
Long Term Plan
Issuer
Market Value % to Net Rs. in. Lacs Assets
Rating
Short Term Plan
Government Bond
210.19 91.33
Government Bond
10.01 16.57
Govt Bond 7.94% 2021
210.19 91.33 Sovereign
Govt Bond 7.94% 2021
10.01 16.57 Sovereign
Cash & Current Assets
50.41 83.43
Total Net Asset
60.42 100.00
Cash & Current Assets
19.94
8.67
Date of inception / takeover: Total Net Asset
October 28, 1999 NAV: Long Term Plan: Dividend Growth Short Term Plan: Dividend Growth
230.13 100.00
Rs. 10.6016 20.0313 10.3387 15.8856
Long Term Plan - NAV Performance
Load Structure (Incl. for SIP): Entry Load: NIL Exit Load: NIL
8
Long Term Plan - I-Sec Li-BEX
7.26
10.03
7
10
5.34
5.64 4.54
4
5.03
4
2.86
Short Term Plan - I-Sec Si-BEX
4.99
5
6.57
6.03 6.2 6
6.58
6.44
6
7.76
8
Benchmark:
Short Term Plan - NAV Performance
12
3.36
3
3.5
2 2
1
Average Maturity: Long Term Plan - 13.08 Years Short Term Plan - 2.38 Years
0 1 Year
2 Years
3 Years
5 Years
Birla SunLife G Sec Fund - LT - Growth
Since Inception
I-Sec Li-BEX
0
1 Year
2 Years
3 Years
5 Years
Birla SunLife G Sec Fund - STD - Growth
Long Term Plan - Asset Allocation
Since Inception
I-Sec Si-BEX
Short Term Plan - Asset Allocation
Corpus: Long Term Plan - Rs. 2.30 Crores
Government Bond
91.33%
Short Term Plan - Rs. 0.60 Crores Cash & Current Assets
8.67%
Cash & Current Assets
Short Term Plan - Rating Profile 91.33%
8.67%
16.57%
Government Bond
Long Term Plan - Rating Profile Sovereign
83.43%
Cash & Current Assets
Cash & Current Assets
83.43%
Sovereign
««««Value Research Rating
16.57%
#
Birla Sun Life GSF Short Term (Past performance is no guarantee of future results.)
# for methodology please refer page 3
30
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Dynamic Bond Fund Interest Rate Sensitivity: Medium
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio
Investment Objective: An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.
Issuer
Market Value % to Net Rs. in. Lacs Assets
Government Bond Govt Bond 7.44% OIL MKTG. COS.2012
Rating
194.50 36.15 194.50 36.15 Sovereign
Money Market Instruments ICICI Bank Ltd.
98.61 18.33 98.61 18.33
Government Bond
36.15%
Money Market Instruments
September 27, 2004 Retail Dividend Retail Growth
45.53%
Cash & Current Assets
P1+
Date of inception / takeover: NAV:
Asset Allocation
Cash & Current Assets
245.00 45.53
Total Net Asset
538.12 100.00
18.33%
Rs. 10.1530 11.3493
Load Structure (Incl. for SIP):
Rating Profile
NAV Performance
Entry Load: NIL Exit Load: NIL
7
5.83
6
Benchmark:
5
CRISIL Composite Bond Fund Index
4
Average Maturity:
3
1.89 Years
2
Corpus:
1
Rs. 5.38 Crores
0
45.53%
Cash & Current Assets
6.29
4.29
4.04
Sovereign
5.55
36.15% 18.33%
AAA
3.95
3.45 2.61
6 Months
1 Year
Birla DBF - Retail - Growth
2 Years
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.
Since Inception
Crisil Composite Bond Fund Index
Birla Bond Index Fund Interest Rate Sensitivity: Medium Portfolio
As on January 31, 2007 Investment Objective:
Issuer
An Open-ended income scheme with the objective of tracking the CRISIL Composite Bond Fund Index which has been introduced by CRISIL to track the returns on a composite portfolio that includes call instruments, commercial papers, government securities, AAA & AA rated instruments. Date of inception / takeover: May 9, 2003 NAV: Dividend Growth
Asset Allocation
Market Value % to Net Rs. in. Lacs Assets
Rating
38.32 28.51 9.81
20.63 15.35 5.28
AAA AA+
PSU/PFI Bonds/Banks
1.12 1.12 Sovereign
Government Bond
Government Bond Govt Bond 9.39% 2011
2.07 2.07
Cash & Current Assets
145.36
78.26
Total Net Asset
185.75
100
** Represents thinly traded/ non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 20.63 %
Benchmark:
1.12%
Rating Profile 78.26%
AAA AA
Load Structure (Incl. for SIP): Entry Load: NIL Exit Load: <= Rs 10 lakhs: 0.25% if redeemed / switched out with in 90 days from the date of allotment. > 10 Lakhs: Nil
20.63%
Cash & Current Assets
Rs. 10.2755 11.5853
78.26%
Cash & Current Assets
PSU/PFI Bonds/Banks Power Finance Corporation Ltd.** Oriental Bank of Commerce**
Sovereign
15.35% 5.28% 1.12%
NAV Performance 6 5.02 4.68
5 4.04
4.29
4.02
4
Crisil Composite Bond Fund Index
3.74
2.97 2.92
3
Average Maturity: 0.57 Years Corpus: Rs. 1.85 Crores
2 1 0
1 Year
2 Years
3 Years
Since Inception
Birla Bond Index Fund - Growth Crisil Composite Bond Fund Index
31
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Bond Plus Interest Rate Sensitivity: Low to Medium
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective: An Open-ended short term income scheme with the objective to generate regular returns through investments in debt and money market securities. Date of inception / takeover: Retail Plan - November 27, 2001 Institutional Plan - April 16, 2003 NAV: Retail Dividend Retail Growth Institutional Dividend Institutional Growth
Rs. 11.2337 13.7607 10.4649 13.8890
Load Structure (Incl. for SIP): Entry Load: NIL Exit Load: For redemption / switch out of units within 1 month from the date of allotment: 0.25% Benchmark: CRISIL Short-Term Bond Fund Index
Market Value % to Net Rs. in. Lacs Assets
Corporate Debt
12475.88
Rating
Issuer
Market Value % to Net Rs. in. Lacs Assets
Rating
53.46
Government Bond
1458.79
6.25
2466.00
10.57
AAA
Govt Bond 7.44% OIL MKTG. COS.2012
1458.79
6.25 Sovereign
2010.33
8.61
AAA
1989.08
8.52
AAA
Cash & Current Assets
2329.91
9.98
1950.01
8.36
AAA
Total Net Asset
1626.08
6.97
AAA
Hindalco Industries Ltd.**
1438.92
6.17
AAA
Sundaram Finance Ltd.**
898.02
3.85
AA+
97.43
0.42
AAA
Securitised Debt
7073.08
30.31
GPL LOAN TRUST SR 1 (GLEN PHARMA)**
2331.50
9.99
F1+(SO)
BHPC Auto Sec Trust Aug TELCO 15FEB07**
2028.19
8.69
AAA(SO)
Loan Sec Trust Sr XVI NTPC (ICICI Bank)**
1,399.84
6.00
AAA(SO)
CREDIT ASSET TRUST-V HUTCH 27-Sep-2007**
1007.88
4.32
F1+(SO)
Housing Development Finance Corp. Ltd.** Tata Sons Ltd.** Citicorp Finance India Ltd.** CitiFinancial Consumer Finance India Ltd** Reliance Industries Ltd.**
GE Capital Services India Ltd.**
Ind Retail ABS Trust Ser XIII A3PTC**
251.98
1.08 MAAA(SO)
Loan Sec Trust SrXII NTPC (ICICI)**
53.71
0.23 LAAA(SO)
23337.67 100.00
** Represents thinly traded/ non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 83.77 %
Average Maturity: 1.49 Years
Rs. 233.37 Crores
Asset Allocation
NAV Performance
Corpus: 8 6.99 7 6
6.36
6.28
6.21
Corporate Debt
5.62
5.59
53.46%
5.02 5
30.31%
Securitised Debt
4.36
4
9.98%
Cash & Current Assets
3 2
Government Bond
1 0
1 Year
2 Years
BBP Retail Gr
3 Years
5 Years
6.25%
Since Inception
CRISIL Short-Term Bond Fund Index
««««Value Research Rating
Rating Profile #
79.92%
AAA
Birla Bond Plus - Retail Plan (Past performance is no guarantee of future results.)
# for methodology please refer page 3
CRISIL~CPR 2
Cash & Current Assets Sovereign AA
9.98% 6.25% 3.85%
Open End Debt Short Term Scheme^^ (Past performance is no guarantee of future results.)
^^ for methodology please refer page 3
AAAf by CRISIL* (Past performance is no guarantee of future results.)
* for methodology please refer page 3
32
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Sun Life Short Term Fund Interest Rate Sensitivity: Low to Medium
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective: An Open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities with relatively low levels of interest rate risk.
Market Value % to Net Rs. in. Lacs Assets
Treasury Bills
1888.47
Rating
52.99
91 DAY T-BILL 02 MAR 2007
994.40
27.90 Sovereign
182 Day TBill 09 MAR 2007
894.07
25.09 Sovereign
Money Market Instruments
897.30
25.18
American Express Bank
302.28
8.48
A1+
Date of inception / takeover:
The Hongkong & Shanghai Banking Corp Ltd
235.21
6.60
F1+
April 19, 2002
State Bank of Bikaner and Jaipur
187.20
5.25
P1+
ICICI Bank Ltd.
172.60
4.84
P1+
Cash & Current Assets
777.80
21.83
NAV: Dividend Growth
Rs. 10.5357 13.1740
Total Net Asset
3563.57 100.00
Load Structure (Incl. for SIP): Entry Load: NIL Exit Load: Nil Benchmark: CRISIL Short-Term Bond Fund Index Average Maturity: 0.15 Years Corpus: Rs. 35.63 Crores
Asset Allocation
NAV Performance 8 7 6
7.13 5.59
Treasury Bills
5.92
5.88 5.02
5
5.41
52.99%
5.26 4.36
4
Money Market Instruments
25.18%
3 2
Cash & Current Assets
1 0
1 Year
2 Years
3 Years
21.83%
Since Inception
Birla SunLife Short Term Fund - Growth CRISIL Short-Term Bond Fund Index
Rating Profile ««««Value Research Rating
#
Birla Sun Life Short Term Fund
Sovereign
52.99%
(Past performance is no guarantee of future results.)
# for methodology please refer page 3
CRISIL~CPR 1 Open End Debt Short Term Scheme^^
AAA Cash & Current Assets
25.18% 21.83%
(Past performance is no guarantee of future results.)
^^ for methodology please refer page 3
33
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Floating Rate Fund Interest Rate Sensitivity: Low
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective: An Open-ended income scheme with the objective to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. Date of inception / takeover: June 05, 2003 NAV:
Market Value % to Net Rs. in. Lacs Assets
Rating
Long Term Plan
Rating
Floating Rate Instruments
4601.45
88.68
Citicorp Finance India Ltd.
1001.45
19.30
AAA
State Bank of Indore
6960.94
8.38
P1+
GE Capital Services India Ltd.
1000.00
19.27
AAA
ICICI Bank Ltd.
4969.78
5.98
A1+
Industrial Development Bank of India Ltd.
State Bank of Saurashtra
2493.32
3.00
A1+
1000.00
19.27
AA+
Union Bank of India
1979.38
2.38
P1+
Sundaram Finance Ltd.
800.00
15.42
LAA+
State Bank of Patiala
1912.30
2.30
A1+
Cholamandalam DBS Finance Ltd.
800.00
15.42
MAA+
Cash & Current Assets
10.4354 12.1665
Market Value % to Net Rs. in. Lacs Assets
Short Term Plan Money Market Instruments
Rs.
Long Term: Dividend Growth Short Term: Weekly Dividend Growth Daily Dividend Institutional PlanDaily Dividend Institutional Plan-Growth Institutional PlanWeekly Dividend
Issuer
587.09
Total Net Asset
11.32
23663.28 28.49
Export-Import Bank of India
1493.28
1.80
P1+
State Bank of Saurashtra
1472.28
1.77
P1+
Karnataka Bank Ltd.
1424.17
1.71
A1+
Aditya Birla Nuvo Ltd.
957.83
1.15
A1+
5188.54 100.00
10.3855 12.1769 10.0015
Floating Rate Instruments
10.0086 10.8343 10.0184
Load Structure: Long Term: Entry Load: Nil Exit Load: <= Rs 10 lakhs: 0.50% if redeemed / switched out with in 180 days from the date of allotment. > 10 Lakhs: Nil Short Term: Entry Load: NIL Exit Load: NIL
22020.99 26.52
LIC Housing Finance Ltd.
4494.76
5.41
AAA
Mahindra & Mahindra Financial Ser Ltd.
3500.96
4.22
AA+
Rabo India Finance Pvt. Ltd.
3000.19
3.61
AAA
Kotak Mahindra Prime Ltd.
2500.00
3.01
P1+
ICICI Bank Ltd.
2301.43
2.77
AAA
Industrial Development Bank of India Ltd. 2022.72
2.44
AA+
Citicorp Finance India Ltd.
1500.00
1.81
AAA
Infrastructure Development Fin. Co. Ltd.
1000.98
1.21
AAA
UTI Bank Ltd.
999.90
1.20
LAA+
Nicholas Piramal India Ltd.
500.00
0.60
A1+
Sundaram Finance Ltd.
100.03
0.12
MAAA
United Phosphorous Ltd.
100.00
0.12
AA
Cash & Current Assets
37360.65 44.99
Total Net Asset
83044.92 100.00
Benchmark: Long Term - Crisil Liquid Fund Index Short Term - Crisil Liquid Fund Index
Long Term - NAV Performance 7
Long Term - 0.03 Years
6
Short Term - 0.13 Years
Short Term - NAV Performance 8
Average Maturity:
6.21 6.09
7 5.81 5.41
5.52
5.5 4.97
5
6 4.81
4
Corpus:
3
3
Long Term - Rs. 51.88 Crores Short Term - Rs. 830.44 Crores
2
2
1
1
'mfAAA' by ICRA+
6.09
6.07 5.41
0 1 Year 2 Years 3 Years Since Inception Birla Floating Rate Fund - LTP - Growth Crisil Liquid Fund Index
Long Term Plan - Asset Allocation
5.65
5.53 4.97
5
4
0
6.69
1 Year
2 Years
3 Years
4.81
Since Inception
Birla Floating Rate Fund - STP - Growth Crisil Liquid Fund Index
Short Term Plan - Asset Allocation
+
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.
Floating Rate Instruments
88.68%
Money Market Instruments
Cash & Current Assets
34
11.32%
44.99%
Cash & Current Assets
Floating Rate Instruments
28.49% 26.52%
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Birla Cash Plus Interest Rate Sensitivity: Low
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective: An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments. Date of inception / takeover: June 16,1997 NAV:
Rs.
Retail Dividend Retail Growth Institutional Dividend Institutional Plan Weekly Dividend Option Institutional Plan Fortnightly Dividend Option Institutional Growth Institutional Premium Plan Dividend Institutional Premium Plan Weekly Div. Option Institutional Premium Plan Fortnightly Dividend Option Institutional Premium Plan Monthly Dividend Institutional Premium Plan Growth
10.3694 19.9022 10.8023 10.8182 10.8325 20.0398 10.0195 10.0333 10.0694 10.0000 11.7686
Load Structure: Entry Load: NIL Exit Load: NIL Benchmark: Crisil Liquid Fund Index Average Maturity: 0.19 Years
Market Value Rs. in. Lacs
% to Net Rating Assets
Money Market Instruments ICICI Bank Ltd. Hongkong & Shanghai Banking Corp. Ltd. Tata Power Company Ltd. Export-Import Bank of India The Jammu and Kashmir Bank Ltd. State Bank of Hyderabad ABN Amro Bank ICICI Bank Ltd. State Bank of Patiala Karnataka Bank Ltd. UTI Bank Ltd. State Bank of Indore Aditya Birla Nuvo Ltd. ESSEL MINING LTD UCO Bank Ltd. Federal Bank Ltd. Industrial Development Bank of India Ltd DSP Merrill Lynch Capital. IndusInd Bank Ltd. Union Bank of India American Express Bank State Bank of Saurashtra Apollo Tyres Ltd. Standard Chartered Bank HCL Infosystems Ltd. Infrastructure Development Finance Co. Infrastructure Development Finance Co. Allahabad Bank State Bank of Saurashtra State Bank Of Bikaner and Jaipur ABN Amro Bank Cholamandalam Investments & Finance Ltd. Sundaram Finance Ltd. SBI Cards Payments Services Ltd. Kotak Mahindra Bank Ltd. Allahabad Bank Bharat Overseas Bank Jagran Prakashan Ltd. Dalmia Cement (Bharat) Ltd. Jindal Steel & Power Ltd NRB Bearing Ltd. Supreme Industries Ltd. CMC Ltd. Century Enka Ltd. DIC India Ltd. Alembic Ltd. Bank of Nova Scotia
388335.28 34892.52 33871.29 31409.76 23398.56 20709.41 19495.33 16806.67 14323.57 13864.96 12342.81 12277.68 12245.74 10175.17 9578.86 9031.15 8234.44 7657.50 7412.85 7023.81 6927.76 6532.17 5894.91 5461.11 4988.76 4953.96 4953.58 4922.65 3474.13 3435.32 3088.85 2486.63 2478.33 2464.84 2450.05 2402.38 2382.84 2091.82 1985.92 1982.68 1869.17 1404.23 993.73 992.71 991.68 986.48 493.38 493.17
41.74 3.75 3.64 3.38 2.51 2.23 2.10 1.81 1.54 1.49 1.33 1.32 1.32 1.09 1.03 0.97 0.89 0.82 0.80 0.75 0.74 0.70 0.63 0.59 0.54 0.53 0.53 0.53 0.37 0.37 0.33 0.27 0.27 0.26 0.26 0.26 0.26 0.22 0.21 0.21 0.20 0.15 0.11 0.11 0.11 0.11 0.05 0.05
A1+ F1+ P1+ P1+ P1+ A1+ P1+ P1+ A1+ A1+ P1+ P1+ A1+ A1+ P1+ P1+ P1+ P1+ P1+ P1+ A1+ A1+ P1+ P1+ A1+ P1+ A1+ PR1+ P1+ P1+ A1+ P1+ A1+ P1+ P1+ P1+ A1+ P1+ A1+ A1+ P1+ P1 A1+ P1+ P1+ P1+ P1+
Floating Rate Instruments Housing Development Finance Corp. Ltd. Citicorp Finance India Ltd. Global Trade Finance Pvt. Ltd. ICICI Securities Ltd. Nicholas Piramal India Ltd. Balrampur Chini Mills Ltd. LIC Housing Finance Ltd. Sundaram Finance Ltd. Industrial Development Bank of India Ltd Cholamandalam Investments & Finance Ltd. CitiFinancial Consumer Finance India Ltd Indian Railway Finance Corporation Ltd. Nirma Ltd. Raymond Ltd. Sterlite Industries (India) Ltd. Coromandal Fertilizers Ltd. GE Capital Services India Ltd. Navneet Publications (India) Ltd. UTI Bank Ltd.
159091.28 19987.11 10299.03 10000.00 10000.00 8300.00 7500.00 7040.76 7000.00 6510.24 5000.00 4899.94 4622.63 4000.00 3500.00 3200.00 3100.00 3000.14 3000.00 2999.20
17.10 2.15 1.11 1.07 1.07 0.89 0.81 0.76 0.75 0.70 0.54 0.53 0.50 0.43 0.38 0.34 0.33 0.32 0.32 0.32
LAAA AAA P1+ P1+ A1+ A1+ AAA P1+ AA+ P1+ AAA AAA P1+ PR1+ P1+ P1+ AAA P1+ LAA+
Issuer
Market Value Rs. in. Lacs
% to Net Rating Assets
2783.42 2500.00 2500.00 2500.00 2411.82 2100.00 2000.00 2000.00 2000.00 1541.79 1502.15 1500.08 1500.00 1418.54 1000.98 1000.00 1000.00 544.58 500.00 500.00 500.00 500.00 467.55 400.13 200.69 200.00 60.52
0.30 AAA 0.27 P1+ 0.27 PR1+ 0.27 P1+ 0.26 AA 0.23 AAA 0.21 P1+ 0.21 P1+ 0.21 F1+ 0.17 CARE AA+ 0.16 CARE AAA 0.16 LAA 0.16 LAA(SO) 0.15 AAA(SO) 0.11 AAA 0.11 PR1+ 0.11 P1+ 0.06 MAAA 0.05 AAA 0.05 AAA 0.05 A1+ 0.05 AA+ 0.05 LAAA 0.04 MAAA 0.02 A1+(SO) 0.02 MAA+ 0.01 AAA(SO)
Corporate Debt Bajaj Hindusthan Ltd. ** United Phosphorus Ltd. ** Essel Propack Ltd. ** Ballarpur Industries Ltd. ** Berger Paints India Ltd. ** GE Capital Services India Ltd. ** Blue Star Ltd. ** Tata Sons Ltd. ** Essel Propack Ltd. ** Kotak Mahindra Prime Ltd. ** Canbank Factors Ltd. ** Hindalco Industries Ltd.**
27320.42 6000.00 5000.00 3700.00 2500.00 2500.00 2300.03 1500.00 1480.95 1000.00 841.21 400.00 98.22
2.94 0.64 F1+ 0.54 UNRATED 0.40 P1+ 0.27 F1+ 0.27 P1+ 0.25 AAA 0.16 PR1+ 0.16 AAA 0.11 UNRATED 0.09 LAA 0.04 P1+ 0.01 AAA
Securitised Debt Ind Ret ABS Tr Sr.(A1) -24 AUG 2007 ** Credit Asset Trust-V Hutch (27-Sep-2007) ** Credit AssetTrust III (Hutchison Essar) ** LTR II (CITICORP) GUJ A 15 APR 2007 ** Indian Retail ABS Trust 60 Sr-A1(ICICI) ** BHPC Auto Securitisation Trust Sept A2 ** Indian Retail ABS Trust Sr-49(A3)18Apr07 ** BHPC Auto SecTrust Ser A1 TELCO 15Jun04 ** GoldStar Trust July 2004 Series A2 PTC ** Indian Retail ABS Trust Series XXV - A2 ** Loan Sec Trust NTPC ICICI - 07 Feb 2009 ** Secured Loan Rec.Sec.Trust Sr3 (ICICI) **
16366.47 5193.98 4031.50 2513.61 1104.75 804.09 717.19 529.19 808.38 282.52 231.84 134.27 15.15
1.76 0.56 LAAA(SO) 0.43 F1+(SO) 0.27 F1+(SO) 0.12 AAA(SO) 0.09 A1+(SO) 0.08 LAAA(SO) 0.06 AAA(SO) 0.09 AAA(SO) 0.03 AAA(SO) 0.02 AAA(SO) 0.01 AAA(SO) - AAA(SO)
Power Finance Corp. Ltd. E.I.D. Parry (India) Ltd. Hindustan Construction Company Ltd. Mahindra & Mahindra Financial Ser. Ltd. United Phosphorus Ltd. ICICI Bank Ltd. Finolex Cables Ltd. Hero Honda Finlease Ltd. Jubilant Organosys Ltd. Industrial Development Bank of India Ltd ICICI Bank Ltd. Cholamandalam Investments & Finance Ltd. Cholamandalam Investments & Finance Ltd. IndiaRetail ABS Tr44 Infrastructure Development Finance Co. Blue Star Ltd. Carborundum Universal Ltd. Float Ind Retail ABSTrust Ser XIII A3PTC Housing Development Finance Corp. Ltd. ICICI Securities Ltd. Motherson Sumi Systems Ltd. Union Bank of India Secured Loan Rec.Sec.Trust Sr3 (ICICI) Sundaram Finance Ltd. IGEG Loan Trust Series I (GLENMAK PHARM) Cholamandalam Investments & Finance Ltd. Fleet Trust Jan 2004 Series A5
PSU/PFI Bonds/Banks Neyveli Lignite Corporation Ltd. ** National Bank for Agri. & Rural Devt. ** Industrial Development Bank of India Ltd. **
3845.16 2750.31 994.41 100.44
0.41 0.30 0.11 0.01
Cash & Current Assets
335470.57
36.06
Total Net Asset
930429.17
100.00
LAAA AAA AA+
**Represents thinly traded/ non traded securities and illiquid securities Total Percentage of thinly/non traded securities is 5.11%
Corpus:
NAV Performance
Rs. 9304.29 Crores 8 7
6.01 5.41
5 4 3
5.47 4.97
Money Market Instruments
CRISIL~CPR 2
41.74% 36.06%
Cash & Current Assets Floating Rate Instruments
5.69
17.10%
Corporate Debt
3.5 2.99
Securitised Debt
2.94% 1.76%
PSU/PFI Bonds/Banks 0.41%
2 1
Open End Liquid Scheme^^
0
(Past performance is no guarantee of future results.)
6 Months 1 Year
2 Years
BCP Retail Gr
^^ for methodology please refer page 3
««««Value Research Rating
6.7 6.09
6
'mfA1+' by ICRA+
Asset Allocation 7.41
3 Years
Rating Profile
5 Years Since Inception
Crisil Liquid Fund Index
61.25%
AAA
«««««Value Research Rating
#
#
Birla Cash Plus - Retail Plan
Birla Cash Plus - Institutional Premium Plan
(Past performance is no guarantee of future results.)
(Past performance is no guarantee of future results.)
36.06%
Cash & Current Assets AA
2.05%
Unrated 0.64%
# for methodology please refer page 3
# for methodology please refer page 3 +
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
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. 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. +
Birla Sun Life Cash Manager Interest Rate Sensitivity: Low
F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective: An Open-ended liquid scheme with the objective to provide current income which is consistent with a portfolio that offers investors superior liquidity by investing 100% in a diversified portfolio of debt (Fixed Income) and money market securities. Date of inception / takeover: May 14, 1998 NAV:
Rs.
Institutional Daily Dividend 10.0020 18.1751 Retail Growth 12.3447 Institutional Growth 10.0022 Retail Weekly Dividend Institutional Weekly Dividend 10.0022
Market Value % to Net Rs. in. Lacs Assets
Money Market Instruments Tata Motors Ltd. Sundaram Finance Ltd. IndusInd Bank Ltd. Bank of Nova Scotia Sundaram Finance Ltd. ABN Amro Bank ICICI Bank Ltd. State Bank of Patiala Union Bank of India American Express Bank Kotak Mahindra Prime Ltd. Industrial Development Bank of India Ltd.
Rating
23146.86 4966.38 2480.23 2473.17 2465.83 2464.84 1980.65 1456.20 1434.23 989.69 987.49 972.28 475.87
56.84 12.19 6.09 6.07 6.05 6.05 4.86 3.58 3.52 2.43 2.42 2.39 1.17
P1+ P1+ P1+ P1+ A1+ A1+ A1+ A1+ P1+ P1+ P1+ P1+
1000.00 1000.00
2.46 2.46
P1+
Cash & Current Assets
16578.73
40.71
Total Net Asset
40725.59 100.00
Floating Rate Instruments Rabo India Finance Pvt. Ltd.
Load Structure: Entry Load: NIL Exit Load: NIL Benchmark: Crisil Liquid Fund Index Average Maturity: 0.12 Years Corpus: Rs. 407.25 Crores
NAV Performance
Asset Allocation
8 7.09 6.64 6.09 5.93 5.41 5.48 4.97
7 6 5 4 3
5.75
Money Market Instruments
3.56 2.99
56.84%
40.71%
Cash & Current Assets
2 1 0
Floating Rate Instruments 6 Months 1 Year
2 Years
3 Years
Birla SunLife Cash Manager - Growth
2.46%
5 Years Since Inception Crisil Liquid Fund Index
Rating Profile
AAAf by CRISIL* (Past performance is no guarantee of future results.)
^ # for methodology please refer page 3
««««Value Research Rating
AAA
59.29%
#
Birla Sun Life Cash Manager Institutional Plan
Cash & Current Assets
40.71%
(Past performance is no guarantee of future results.)
# for methodology please refer page 3
36
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.
Birla Asset Allocation Fund F e b r u a r y 2 0 0 7
As on January 31, 2007
Portfolio Issuer
Investment Objective: An Open-ended Fund of Funds scheme with the objective to provide income and capital appreciation along with diversification by investing in a basket of debt and equity Mutual Fund schemes in line with the risk profile of the investor. Date of inception / takeover: February 4, 2004 Rs. 21.0144 21.0144 14.2355 14.2355 18.0635 18.0635
Load Structure (Incl. for SIP): Entry Load: Aggressive Plan: 1.50% Moderate Plan: 1.00% Conservative Plan: 0.50% Exit Load: NIL
NAV Performance 45
AGGRESSIVE PLAN
40.86
40
Mutual Fund Units Birla Sunlife Equity Fund. Birla Midcap Fund Birla Top 100 Fund. Birla Dynamic Bond Fund Birla Sunlife Cash Manager-Retail Growth Birla Sunlife Short Term Fund - Growth Birla Gilt Plus Inv Cash & Current Assets
NAV: Aggressive Plan Dividend Growth Conservative Plan Dividend Growth Moderate Plan Dividend Growth
Market Value % to Net Rs. in. Lacs Assets
Total Net Asset
797.89 243.03 226.77 128.23 90.85 56.62 41.59 10.80
93.87 28.59 26.68 15.09 10.69 6.66 4.89 1.27
52.13
6.13
850.02
100.00
36.04
35
Aggressive Plan - S&P CNX Nifty Moderate Plan Crisil Balanced Fund Index Conservative Plan Crisil MIP Blended Index
31.63 28.77
28.5
30 25 20 15 10 5 0
1 Year
2 Years
Since Inception
Birla AAF - Aggressive Plan - Growth
S&P Nifty
NAV Performance
MODERATE PLAN 30
Mutual Fund Units Birla Midcap Fund Birla Dynamic Bond Fund Birla Sunlife Equity Fund. Birla Sunlife Short Term Fund - Growth Birla Sunlife Cash Manager-Retail Growth Birla Top 100 Fund. Birla Gilt Plus Liquid Plan Cash & Current Assets Total Net Asset
474.42 167.31 127.33 85.56 42.36 34.09 17.77 -
92.35 32.57 24.79 16.65 8.25 6.64 3.46 -
39.29
7.65
513.71
100.00
Mutual Fund Units Birla Sunlife Short Term Fund - Growth Birla Midcap Fund Birla Sunlife Equity Fund. Birla Dynamic Bond Fund Birla Top 100 Fund. Birla Sun Life Income Fund - Growth
534.40 363.85 71.91 43.20 28.33 27.11 92.57
80.03 54.49 10.77 6.47 4.24 4.06 13.86
40.78
6.11
667.75
100.00
25.45
24.69
25
26.39
22.75
22.3 20.11
20 15 10 5 0
1 Year
2 Years
Birla AAF - Moderate Plan - Growth
CONSERVATIVE PLAN
Benchmark:
33.68
Since Inception Crisil Balanced Fund Index
NAV Performance 16 13.94
13.28
14
12.78
12 10
9.59
9.09
7.26
8 6 4
Cash & Current Assets
Corpus: Aggressive Plan - Rs. 8.50 Crores
Total Net Asset
2 0
1 Year
Moderate Plan - Rs. 5.13 Crores Conservative Plan - Rs. 6.67 Crores
2 Years
Since Inception
Birla AAF - Conservative Plan - Growth Crisil MIP Blended Index
Conservative Plan - Asset Allocation
Aggressive Plan - Asset Allocation Mutual Fund Units
93.87%
Mutual Fund Units
80.03%
Birla Sun Life Income Fund Growth
Cash & Current Assets
13.86%
6.13% Cash & Current Assets
6.11%
Moderate Plan - Asset Allocation Mutual Fund Units
37
Past performance may or may not be sustained in future. Performance has been calculated on the basis of the Advertisement Code as prescribe under SEBI (Mutual Funds) Regulations 1996. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Cash & Current Assets
92.35%
7.65%
India Advantage Fund Ltd. F e b r u a r y 2 0 0 7
(For Non-Resident Indians and Eligible Foreign Nationals)
As on January 31, 2007 Investment Objective: An Open-ended growth scheme with the objective of long-term appreciation through investment primarily in equity related securities of companies in India that are run by efficient management, have a sustainable and robust business model and are available at reasonable valuations. Date of inception / takeover: August 8, 1996 NAV: $ per Class C Share : 177.86 Conversion Rate: 1USD = INR 44.17 Benchmark: BSE Sensex and MSCI (India)
Portfolio Issuer
Sector
Bharti Airtel Ltd Bharat Heavy Electricals Ltd. ICICI Bank Ltd. ITC Ltd. United Phosphorus Ltd. Associated Cement Companies Ltd. Tata Motors Ltd. Reliance Industries Ltd. Hindustan Petroleum Corporation Ltd. Subex Systems Ltd. Mcdowell & Company Limited Infosys Technologies Ltd. Indian Hotels Co Ltd. Gujarat Ambuja Cement Ltd. State Bank Of India Grasim Industries Ltd. Punjab National Bank NAGARJUNA CONSTRUCTION CO. LTD. Bharat Electronics Ltd. Hero Honda Ltd. Housing Development Finance Corporation Ltd. Larsen & Toubro Ltd. Wockhardt Ltd Indraprastha Gas Fag Bearings India Ltd. Tata Consultancy Services Ltd Oil & Natural Gas Corporation Ltd. Glaxo Smithkline Pharma Ltd. Satyam Computers Services Ltd. Maharashtra Seamless Ltd Hindustan Lever Ltd. Sobha Developers Ltd Engineers (India) Ltd. Pfizer India Ltd. Mcdowell India Spirits
Telecom-Services Industrial Capital Goods Banks Consumer Non Durables Pesticides Construction Materials Auto Petroleum Products Petroleum Products Software Consumer Non Durables Software Hotels Construction Materials Banks Cement Banks Construction & Engineering Industrial Capital Goods Auto Finance Construction & Engineering Pharmaceuticals Oil & Gas Bearings Software Oil Pharmaceuticals Software STEEL Consumer Non Durables Construction Industrial Capital Goods Pharmaceuticals Consumer Non Durables
Market Value (US Dollars)
% to Net Assets
13,374,745.30 8,824,223.58 8,664,885.91 6,728,171.38 6,493,056.10 6,451,366.20 6,438,555.58 5,931,700.25 5,217,972.32 4,750,871.16 4,556,662.34 4,515,983.81 4,101,930.08 4,036,563.28 3,837,575.71 3,648,537.47 3,623,890.65 3,577,886.43 3,533,238.80 3,327,580.22 3,309,726.62 3,234,457.78 3,172,741.68 3,080,515.17 2,985,946.75 2,865,777.68 2,836,352.85 2,774,943.81 2,474,078.83 2,416,806.40 1,508,354.09 1,482,124.81 1,110,471.72 797,497.97 -
8.56 5.65 5.55 4.31 4.16 4.13 4.12 3.80 3.34 3.04 2.92 2.89 2.63 2.58 2.46 2.34 2.32 2.29 2.26 2.13 2.12 2.07 2.03 1.97 1.91 1.83 1.82 1.78 1.58 1.55 0.97 0.95 0.71 0.51 -
9,667,886.51
6.19
CALL & CALL EQUIVALENTS : Cash and Cash Equivalent
AUM: USD 156.19 Million
CORPORATE DEBT : Trent Ltd
Bloomberg Ticker Code:
TOTAL
INDADVC MP
OTHER NET ASSETS (SUB FUND)
174,490.43
0.11
155,527,569.66
99.57
(35,785.76)
OTHER NET ASSETS (MAIN FUND)
704,745.39
NET ASSETS
156,196,529.29
* Less than 0.01
Asset Allocation Banks Software Industrial Capital Goods Telecom-Services Consumer Non Durables Petroleum Products Construction Materials Auto Cash and Cash Equivalent Construction & Engineering Pharmaceuticals Pesticides Hotels Cement Finance Oil & Gas Bearings Oil STEEL Construction Trent Ltd - Warrants
Investment via sub-fund, India Advantage (Offshore) Fund, are stated at market/fair value at the date of determination. Securities listed on a recognised stock exchange are valued at the last quoted closing price on the principal exchange on which the security istraded Non-traded securities are valued at amortised cost and/or fair value as determined in good faith by Birla Sun Life Asset Management Company Limited, India, Conversion Rate: 1 USD = INR 44.17
2004
@@
Birla Sun Life AMC (Mauritius) Limited India Advantage Fund awarded 1st Place in the Standard & Poor's Five Years Offshore Funds Equity India Sector out of 11 funds
NAV Performance
2004 (Past performance is no guarantee of future results.) @@ for methodology please refer page 3
3rd consecutive award since 2002.
2.64% 2.35% 2.13% 1.98% 1.92% 1.82% 1.55% 0.95% 0.11%
CAGR Returns (%)
India Advantage Fund Ltd. Sensex MSCI
70 60 50
55.8 58.3 47.4
44.1
48.2
50.6
49.5 44.8
39.4
40
4.38% 4.34% 4.17%
10.37% 9.39% 8.66% 8.60% 8.23% 7.17% 6.74% 6.28% 6.22%
38.2
33.0
33.3
31.9
30 14.8
20 10 0
38
1 Year
2 Year
3 Year
5 Year
Inception
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.
13.3
Dividend History F e b r u a r y 2 0 0 7
(For select Schemes)
EQUITY SCHEMES
Declared on date
Dividend (%)
Dividend# (Rs. per unit)
Face value (Rs.)
Cum Dividend NAV (Rs. per unit)
Birla Advantage Fund
27-Aug-99 22-Mar-00 28-Nov-03 23-Jan-04 12-Mar-04 23-Mar-05 16-Dec-05
20 80 30 20 25 50 50
2.00 8.00 3.00 2.00 2.50 5.00 5.00
10.00 10.00 10.00 10.00 10.00 10.00 10.00
33.81 70.37 44.88 47.33 46.10 54.25 65.89
Birla Equity Plan
31-Mar-00 15-Feb-02 17-Oct-03 26-Mar-04 21-Oct-05 16-Dec-05 17-Feb-06
25 10 15 15 40 40 40
2.50 1.00 1.50 1.50 4.00 4.00 4.00
10.00 10.00 10.00 10.00 10.00 10.00 10.00
30.43 12.45 24.89 26.90 42.10 46.50 44.54
Birla Sun Life Equity Fund
10-Feb-06
50
5.00
10.00
58.94
Birla India Opportunities Fund
04-Feb-00 14-Jan-03 27-Feb-04 26-Oct-04 16-Sep-05
25 10 60 12.5 40
2.50 1.00 6.00 1.25 4.00
10.00 10.00 10.00 10.00 10.00
28.97 12.16 18.69 14.17 14.90
Birla MNC Fund
22-Feb-02 29-Aug-03 18-Jan-05 26-Aug-05
40 50 50 75
4.00 5.00 5.00 7.50
10.00 10.00 10.00 10.00
27.16 30.58 42.80 41.05
Birla Midcap Fund
24-Jan-03 19-Jun-03 22-Jul-03 24-Dec-03 8-Oct-04 28-Jan-05 3-Feb-06 22-Dec-06
5 10 10 60 12.5 10 20 35
0.50 1.00 1.00 6.00 1.25 1.00 2.00 3.50
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
10.52 11.83 11.81 18.35 13.72 14.75 22.59 25.94
Birla Dividend Yield Plus
30-May-03 13-Jun-03 24-Jul-03 19-Sept-03 31-Oct-03 26-Dec-03 13-Feb-04 28-Sep-04 24-Dec-04 11-Mar-05 1-July-05 28-Oct-05 13-Jan-06 27-April-06 10- Oct-06
8 5 12 18 10 15 10 8 14 10 8 8 16 10 8
0.80 0.50 1.20 1.80 1.00 1.50 1.00 0.80 1.40 1.00 0.80 0.80 1.60 1.00 0.8
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
11.84 10.88 11.62 12.09 11.87 13.93 12.58 11.57 13.75 12.85 11.26 11.94 11.89 13.07 11.67
Birla Index Fund
17-Oct-03 03-Feb-04
56 16.5
5.60 1.65
10.00 10.00
16.19 11.9857
Birla Balance
17-Oct-03 20-Jan-06
15 50
1.50 5.00
10.00 10.00
13.32 15.13
Birla Sun Life New Millennium Fund
27-Jan-06
20
2.00
10.00
11.67
Birla Sun Life Frontline Equity Fund
27-Feb-06 28-Aug-06
80 60
8.00 6.00
10.00 10.00
20.88 23.56
Birla Sun Life Basic Industries Fund - Dividend
24-Mar-06 19-Jan-07
100 105
10.00 10.50
10.00 10.00
35.08 39.60
Birla Sun Life Buy India Fund Dividend
28-Mar-06
75
7.50
10.00
17.5400
Birla Sun Life '95 Fund - Dividend
10-Mar-06
25
2.50
10.00
68.5300
Birla Sun Life Tax Relief 96
27-Apr-06 8-Dec-06 19-Jan-07
500 250 260
50.00 25.00 26.00
10.00 10.00 10.00
224.51 193.94 176.54
Birla Top 100 Fund - Dividend
12-Jan-07
15
1.50
10.00
16.072
Past performance may or may not be sustained in future. # Dividend distribution is not assured and is subject to availability of distributable surplus. After payment of dividend the NAV will fall to the extent of payout.
39
Dividend History F e b r u a r y 2 0 0 7
DEBT SCHEMES
(For select Schemes) - Since January 2006
Date
Face Value
Non Corporate
Corporate
Cum Dividend
Dividend
Dividend#
Dividend
Dividend#
NAV
(%)
(Rs. per unit)
(%)
(Rs. per unit)
(Rs. per unit)
Birla Income Plus
16-Mar-06 26-June-06 15-Sep-06 15-Dec-06
10.00 10.00 10.00 10.00
0.888 1.228 1.081 1.537
0.0888 0.1228 0.1081 0.1537
0.827 1.143 1.007 1.431
0.0827 0.1143 0.1007 0.1431
10.0856 10.2443 10.2751 10.3281
Birla Bond Index Fund
16-Mar-06 26-June-06 15-Sep-06 15-Dec-06
10.00 10.00 10.00 10.00
0.899 0.965 1.093 1.552
0.0899 0.0965 0.1093 0.1552
0.837 0.898 1.018 1.446
0.0837 0.0898 0.1018 0.1446
10.1648 10.3305 10.3741 10.2120
Birla Gilt Plus Liquid Plan
16-Mar-06 26-June-06 15-Sep-06 15-Dec-06
10.00 10.00 10.00 10.00
1.158 1.294 1.082 1.719
0.1158 0.1294 0.1082 0.1719
1.078 1.205 1.008 1.601
0.1078 0.1205 0.1008 0.1601
10.5739 10.7361 10.7193 10.8382
Birla Gilt Plus PF Plan
16-Mar-06 26-June-06 15-Sep-06 15-Dec-06
10.00 10.00 10.00 10.00
1.403 1.403 1.228 1.59
0.1403 0.1403 0.1228 0.159
0.1307 0.1307 1.143 1.481
1.307 1.307 0.1143 0.1481
10.6278 10.6278 10.6422 10.836
Birla Gilt Plus Regular Plan
16-Mar-06 26-June-06 15-Sep-06 15-Dec-06
10.00 10.00 10.00 10.00
1.339 1.478 1.377 1.886
0.1339 0.1478 0.1377 0.1886
1.247 1.376 1.282 1.756
0.1247 0.1376 0.1282 0.1756
10.9616 11.0499 11.0538 11.1872
Birla MIP (Monthly Dividend Plan)
27-Jan-06 24-Feb-06 31-Mar-06 28-April-06 26-May-06 26-June-06 28-July-06 25-Aug-06 29-Sep-06 27-Oct-06 24-Nov-06 29-Dec-06 29-Jan-07
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
0.614 0.614 0.614 0.496 0.481 0.481 0.377 0.488 0.640 0.521 0.581 0.73 0.641
0.0614 0.0614 0.0614 0.0496 0.0481 0.0481 0.0377 0.0488 0.0640 0.0521 0.0581 0.073 0.0641
0.572 0.572 0.572 0.462 0.448 0.448 0.351 0.454 0.596 0.485 0.541 0.68 0.597
0.0572 0.0572 0.0572 0.0462 0.0448 0.0448 0.0351 0.0454 0.0596 0.0485 0.0541 0.068 0.0597
10.8662 10.8371 11.0024 11.0372 10.9033 10.7585 10.7792 10.935 11.1323 11.1878 11.2636 11.1921 11.0777
Birla MIP II - Savings 5 Plan
27-Jan-06 24-Feb-06 31-Mar-06 28-April-06 26-May-06 26-June-06 28-July-06 25-Aug-06 29-Sep-06 27-Oct-06 24-Nov-06 29-Dec-06 29-Jan-07
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
0.526 0.526 0.526 0.419 0.419 0.339 0.339 0.372 0.552 0.444 0.461 0.577 0.510
0.0526 0.0526 0.0526 0.0419 0.0419 0.0339 0.0339 0.0372 0.0552 0.0444 0.0461 0.0577 0.051
0.490 0.490 0.490 0.390 0.390 0.316 0.316 0.346 0.514 0.413 0.430 0.537 0.475
0.0490 0.0490 0.0490 0.0390 0.0390 0.0316 0.0316 0.0346 0.0514 0.0413 0.0430 0.0537 0.0475
10.1399 10.1072 10.0888 10.1356 10.1350 10.085 10.1061 10.1425 10.2278 10.2128 10.2242 10.2121 10.1447
Birla MIP II - Wealth 25 Plan
27-Jan-06 24-Feb-06 31-Mar-06 28-April-06 26-May-06 26-June-06 28-July-06 25-Aug-06 29-Sep-06 27-Oct-06 24-Nov-06 29-Dec-06 29-Jan-07
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
0.702 0.702 0.702 0.571 0.551 0.551 0.430 0.508 0.692 0.562 0.605 0.765 0.671
0.0702 0.0702 0.0702 0.0571 0.0551 0.0551 0.0430 0.0508 0.0692 0.0562 0.0605 0.0765 0.0671
0.653 0.653 0.653 0.532 0.513 0.513 0.04 0.473 0.644 0.524 0.564 0.712 0.625
0.0653 0.0653 0.0653 0.0532 0.0513 0.0513 0.004 0.0473 0.0644 0.0524 0.0564 0.0712 0.0625
10.9708 10.9741 11.2366 11.2454 11.0445 10.8607 10.8327 11.0255 11.2204 11.3081 11.4327 11.3444 11.2919
40
Dividend History F e b r u a r y 2 0 0 7
DEBT SCHEMES
(For select Schemes) - Since January 2006
Date
Face Value
Non Corporate
Corporate
Cum Dividend
Dividend
Dividend#
Dividend
Dividend#
NAV
(%)
(Rs. per unit)
(%)
(Rs. per unit)
(Rs. per unit)
Birla Sun Life Monthly Income Monthly Dividend
2-Jan-06 31-Jan-06 28-Feb-06 31-Mar-06 28-April-06 31-May-06 30-June-06 28-July-06 31-Aug-06 29-Sep-06 31-Oct-06 30-Nov-06 29-Dec-06 31-Jan-07
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
0.789 0.789 0.702 0.702 0.641 0.759 0.614 0.506 0.588 0.586 0.73 0.691 0.695 0.758
0.0789 0.0789 0.0702 0.0702 0.0641 0.0759 0.0614 0.0506 0.0558 0.0586 0.073 0.0691 0.0695 0.0758
0.735 0.735 0.653 0.653 0.597 0.706 0.572 0.471 0.519 0.546 0.68 0.644 0.648 0.706
0.0735 0.0735 0.0653 0.0653 0.0597 0.0706 0.0572 0.0471 0.0519 0.0546 0.068 0.0644 0.0648 0.0706
10.4630 10.4643 10.5357 10.6836 11.0372 10.6100 10.4457 10.3995 10.4883 10.7469 10.8531 10.9319 10.8218 10.8539
Birla Sun Life Monthly Income Quarterly Dividend
31-Mar-06 29-Sep-06 29-Dec-06
10.00 10.00 10.00
1.579 1.666 1.686
0.1579 0.1666 0.1686
0.147 1.552 1.571
0.0147 0.1552 0.1571
10.9727 11.2449 11.1776
Birla Sun Life Income Fund Quarterly Dividend
16-Mar-06 15-Sep-06 15-Dec-06 26-Jun-06
10.00 10.00 10.00 10.00
0.887 1.278 1.644 0.148
0.0887 0.1278 0.1644 0.0148
0.826 1.188 0.1531 0.1378
0.0826 0.1188 0.01531 0.01378
10.0687 10.2664 10.4492 10.2581
Half Yearly Dividend
16-Mar-06 15-Sep-06
10.00 10.00
0.908 2.96
0.0908 0.2960
0.845 2.75
0.0845 0.2756
10.4176 10.7997
Birla Sun Life Govt. Securities Long Term Dividend
16-Mar-06 15-Sep-06
10.00 10.00
1.124 2.236
0.1124 0.2236
1.047 2.083
0.1047 0.2083
10.2391 10.4759
Birla Sun Life Govt. Securities Short Term Dividend
16-Mar-06 26-June-06 15-Sep-06 15-Dec-06
10.00 10.00 10.00 10.00
1.102 1.228 0.978 1.194
0.1102 0.1228 0.0978 0.1194
1.027 1.143 0.911 0.1112
0.1027 0.1143 0.0911 0.0112
10.0655 10.1985 10.1559 10.3763
Birla Dynamic Bond Fund - Retail Quarterly Dividend
02-Jan-06 29-Sep-06 29-Dec-06
10.00 10.00 10.00
4.809 1.228 1.201
0.4809 0.1228 0.1201
4.479 1.143 1.118
0.4479 0.1143 0.1118
10.0305 10.2218 10.0964
The Dividend Distribution Tax Rates for Corporates is 22.44% and for Non-Corporates is 14.025%. Past performance may or may not be sustained in future. # Dividend distribution is not assured and is subject to availability of distributable surplus. After payment of dividend the NAV will fall to the extent of payout.
41
The name inspires trust
For further details on our Fund, please contact our Customers Service Centres at details given below. BIRLA SUN LIFE AMC LTD. BRANCHES AHMEDABAD BANGALORE BARODA BHUBANESHWAR CHANDIGARH CHENNAI COCHIN COIMBATORE GOA GUWAHATI INDORE JAIPUR KANPUR
: : : : : : : : : : : : :
079-2640 3553 /48 080-2238 9991 / 2 / 3 0265-658 2984 / 2986 0674-253 5521 / 3413 0172-274 9172 / 73 044-4204 5003 / 2819 1681 0484-238 3969 / 236 6817 0422-435 0262 / 64 0832-243 7628 / 29 0361-259 5020 / 259 9273 0731-504 0496 / 253 4502 0141-238 9082 /9115 0512-233 1116 / 1121
KOLKATA LUCKNOW LUDHIANA MUMBAI (FORT) MUMBAI (HEAD OFFICE) MUMBAI (PRABHADEVI) NAGPUR NEW DELHI PATNA PUNE SECUNDARABAD SURAT VARANASI
: : : : : : : : : : : : :
033-2288 2592 / 94 / 95 0522-409 4110 0161-508 8847 / 277 1217 022-6637 9999 022-6692 8000 022-6666 1035 / 36 0712-663 0899 / 4300 011-2332 3070 0612-220 7022 / 7023 020-66011865 / 66 / 67 040-6531 1052 / 3580 0261-658 1707 / 1708 0542-222 7755 / 56
Disclaimer: Any information contained in this publication does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, Birla Sun Life AMC Ltd./ its subsidiaries / affiliates / sponsors / trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication from time to time. Recipients of the information contained herein should exercise due care and caution and read the offer documents (including if necessary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein.
Statutory Details: Constitution: Birla Mutual Fund (BMF) has been set up as a Trust under the Indian Trust Act, 1882. Sponsors: Birla Global Finance Ltd. (since merged with Aditya Birla Nuvo Limited) and Sun Life (India) AMC Investments Inc. (liability restricted to seed corpus of Rs. 1 Lac) Trustee: Birla Sun Life Trustee Company Pvt. Ltd. Investment Manager: Birla Sun Life Asset Management Company Ltd. Risk Factors: Mutual Funds and securities investments are subject to market risks and there can be no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme may go up or down depending on the various factors and forces affecting capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Schemes and may not necessarily provide a basis of comparison with other investments. The names of the Schemes do not, in any manner, indicate either the quality of the Schemes or their future prospects or returns. Unitholders in the schemes are not being offered any guaranteed/assured returns. Please refer to the Addendum / Offer Document for scheme specific risk factors before investing. Investors should read the Offer Document/ Key Information Memorandum available at Investor Service Centers and with distributors carefully before investing. The Material provided in the Connect cannot be reproduced or quoted anywhere without express permission from Birla Sun Life Asset Management Company Ltd.
Printed in January 2007
Editorial opinions expressed in the 'Connect' are not necessarily those of Birla Sun Life AMC Ltd. or any of their officers, employees, personnel, directors and Birla Sun Life AMC Ltd. and its officers, employees, personnel, directors do not accept responsibility for the editorial content. Birla Sun Life AMC Ltd. or any of its officers, employees, personnel, directors make no representation as to the accuracy, completeness or reliability of the editorial content and hereby disclaim any liability with regard to the same.