Debt

HHH (by Value Research)

An Open-ended Income Scheme

DATE OF INCEPTION : 1/4/2001

OPEN-ENDED DEBT FUND REPORT AS ON : 31-1-2007

NAV NAV Growth NAV Dividend monthly NAV Dividend Quarterly NAV Dividend yearly

(Rs.) 16.7241 10.7024 10.6329 11.0895

Ratios Average Yield Average Maturity to Call/Put/Reset in year Average duration to Call/Put/Reset in year Marked to Market

AUM

8.18% 1.46 1.13 37.6%

125.25 Cr.

INVESTMENT OBJECTIVE:

PORTFOLIO MANAGER COMMENTS:

The objective of the scheme is to provide regular income, liquidity and attractive returns to the investors through an actively managed portfolio of debt, equity and money market instruments.

The scheme has outperformed the benchmark in the last one month. It has increased its exposure to technology and automobiles.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil MIP Blended Index

Fund Benchmark

YTD

1m

3m

6m

1y

3y

0.70% 0.63%

0.70% 0.63%

1.39% 2.06%

4.78% 6.41%

7.71% 8.78%

7.38% 7.21%

5y

S.Inc

8.91% N.A.

9.20% N.A.

RATING BREAKDOWN

10%

%Value

13%

7%

NCA(Inc. Cash & Deposite

9% SOV,AAA & Eq

AA+ 16%

45% below AA+

EQUITY SHARES - 13% NON-CONVERTIBLE DEBENTURE - 45% COMMERCIAL PAPER - 16% CERTIFICATE OF DEPOSITS - 9% SECURITIZED DEBT - 7% NET CURRENT ASSET - 10%

0%

20%

40%

60%

80%

TOP HOLDINGS Housing Development Finance Corporation Limited Tata Power Company Limited NTPC Limited Hindalco Industries Limited Citifinancial Consumer Finance Iltd ICICI Bank Reliance Industries Limited Mahindra & Mahindra Finance Limited State Bank Of Hyderabad National Housing Bank (CHFL-home) Total

8.09% 6.30% 5.58% 5.25% 5.18% 4.24% 4.10% 3.96% 3.95% 3.76% 50.39%

19

HHH (by Value Research)

An Open-ended Liquid Fund

AAAf (by Crisil) (*)

DATE OF INCEPTION : 1/11/2003

OPEN-ENDED LIQUID FUND REPORT AS ON : 31-1-2007

NAV NAV Dividend NAV Dividend FNLY NAV Dividend Weekly NAV Growth

(Rs.) 10.0325 10.0986 10.5726 11.9059

Ratios Average Yield Average Maturity to Call/Put/Reset in year Average duration to Call/Put/Reset in year Marked to Market

AUM

7.54% 0.24 0.25 6.45%

2080.20Cr.

INVESTMENT OBJECTIVE:

PORTFOLIO MANAGER COMMENTS:

To provide attractive returns to the Magnum holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt and money market instruments.

The fund being Institutional Liquid fund faced good amount of redemption due to tightening in the system liquidity. The average maturity was brought down from 0.32 years to 0.24 years now. The marked to market component has come down to 6.45%. The Fund has outperformed the benchmark across time period

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil Liquid Fund Index

Fund Benchmark

YTD

7d

15d

1m

3m

6m

1y

3y

5y

S.Inc

0.61% 0.60%

0.14% 0.13%

0.27% 0.27%

0.61% 0.60%

1.82% 1.58%

3.56% 3.04%

6.73% 6.10%

5.67% 4.97%

N.A. N.A.

5.61% 4.91%

RATING BREAKDOWN 8%

1% 28% %Value NCA(Inc. Cash & Deposite

SOV,AAA & Eq 35% AA+

28%

NON-CONVERTIBLE DEBENTURE - 28% COMMERCIAL PAPER - 28% CERTIFICATE OF DEPOSITS - 35% SECURITIZED DEBT - 8% SHORT TERM DEPOSIT - 1%

below AA+

-20%

0%

20%

40%

60%

80%

100%

TOP HOLDINGS ICICI Bank UCO Bank Sundaram Finance Ltd Ultratech Cement Ltd Mahindra & Mahindra Finance Limited ABN Amro Bank Nv National Housing Bank (chfl-home) Indian Bank UTI Bank Citicorp India Finance Ltd Total

6.87% 6.53% 4.66% 4.54% 4.47% 3.94% 3.67% 3.56% 3.18% 3.08% 44.49%

20

- FLEXIASSET PLAN An Open-ended Hybrid Scheme

DATE OF INCEPTION : 1/2/2004

OPEN-ENDED EQUITY FUND REPORT AS ON : 31-1-2007

Option

NAV (Rs.)

Growth

23.46

Dividend

23.45

AUM 14.80Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil Balanced Index

Fund Benchmark

YTD

1m

3m

6m

1.00% 1.87%

1.00% 1.87%

2.07% 5.77%

12.20% 18.39%

1y 17.17% 23.21%

3y

5y

N.A. N.A.

S.Inc

N.A. N.A.

32.99% 18.54%

Date of 1st NAV - 2/9/2004

TOP HOLDINGS Siemens Limited Reliance Industries Limited Indian Hotels Company Limited Oil And Natural Gas Corporation Ltd Infosys Technologies Limited Tata Tea Limited Lupin Limited Tata Motors Ltd Larsen & Toubro Limited Bharat Heavy Electricals Limited GAIL (india) Ltd Hindustan Lever Limited Bharat Forge Limited HPCL Indian Petrochemical Corp. Limited Total

7.75% 6.92% 6.36% 5.49% 4.99% 4.88% 4.63% 4.45% 4.29% 3.84% 2.66% 2.53% 2.26% 2.11% 1.88% 65.03%

6% 29%

52%

2%

AUTOMOBILE - 5.76% CONSUMER GOODS - 7.41% CHEMICALS - 1.88%

7% 29%

ENERGY - 17.18% FINANCIAL SERVICES - 1.54% INDUSTRIAL MANUFACTURING - 18.15% IT - 4.99% METALS - 1.03% PHARMA - 6.43% SERVICES - 6.36% CASH - 29.29%

17%

6%

19%

2% 6% 5% 1%

Large Cap

Mid Cap

Small Cap

Debt/Other Current Assets

18%

DATE OF INCEPTION : 1/2/2002 HHH (by Value Research)

OPEN-ENDED DEBT FUND REPORT AS ON : 31-1-2007

An Open-ended Income Scheme

NAV

(Rs.)

NAV

17.0627

Ratios Average Yield 7.75% Average Maturity to Call/Put/Reset in year 1.95 Average duration to Call/Put/Reset in year 1.33 17.70% Marked to Market

AUM 18.50 Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil MIP Blended Index

Fund Benchmark

YTD

1m

3m

6m

1y

0.84% 0.63%

0.84% 0.63%

2.10% 2.06%

5.79% 6.41%

9.48% 8.78%

TOP HOLDINGS HDFC Limited State Bank Of Hyderabad DSP Merill Lynch Capital Ltd ICICI Bank Indian Bank ICICI Bank Tata Power Company Limited HSBC Reliance Industries Limited Kotak Mahindra Investments Ltd Total

3y 9.17% 7.21%

ASSET ALLOCATION 9.73% 8.02% 6.24% 5.96% 5.04% 5.02% 5.01% 3.82% 3.43% 2.70% 54.98%

5y

S.Inc

N.A. N.A.

11.32% N.A.

RATING BREAKDOWN %Value

17%

24%

NCA(Inc. Cash & Deposite

SOV,AAA & Eq

16%

29%

AA+

14% below AA+

EQUITY SHARES - 17% NON-CONVERTIBLE DEBENTURE - 29% COMMERCIAL PAPER - 14% CERTIFICATE OF DEPOSITS - 16% NET CURRENT ASSET - 24%

0%

20%

40%

60%

80%

21

(Saving)

DATE OF INCEPTION : 1/11/2003

OPEN-ENDED DEBT FUND REPORT AS ON : 31-1-2007

NAV NAV Dividend NAV Growth

H (by Value Research)

Ratios Average Yield Average Maturity to Call/Put/Reset in year Average duration to Call/Put/Reset in year Marked to Market

(Rs.) 10.2173 10.5594

AUM

7.68% 1.34 0.91 11.83%

2.54 Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil Composite Bond Fund Index

Fund Benchmark

YTD

1m

3m

6m

1y

3y

0.48% 0.22%

0.48% 0.22%

1.09% 0.81%

1.76% 2.63%

2.06% 4.03%

1.56% 2.92%

ASSET ALLOCATION

TOP HOLDINGS Kotak Mahindra Investments Ltd HDFCLimited Tata Power Company Limited Indian Bank HSBC UTI Bank Total

5y

S.Inc

N.A. N.A.

1.64% 2.83%

RATING BREAKDOWN

24%

11.82% 11.82% 10.96% 9.34% 9.29% 9.23% 62.45%

%Value

37% NCA(Inc. Cash & Deposite

SOV,AAA & Eq 11% 28%

AA+

NON-CONVERTIBLE DEBENTURE - 24% COMMERCIAL PAPER - 11% CERTIFICATE OF DEPOSITS - 28% NET CURRENT ASSET - 37%

below AA+

0%

20%

40%

60%

80%

DATE OF INCEPTION : 1/12/1998 HH (by Value Research)

OPEN-ENDED DEBT FUND REPORT AS ON : 31-1-2007

An Open-ended Debt Scheme

NAV NAV Bonus NAV Dividend NAV Growth

(Rs.) 11.9803 10.2168 19.7781

Ratios Average Yield 8.00% Average Maturity to Call/Put/Reset in year 2.00 Average duration to Call/Put/Reset in year 1.35 37.12% Marked to Market

AUM 79.67 Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil Composite Bond Fund Index

Fund Benchmark

YTD

1m

3m

6m

1y

3y

0.29% 0.22%

0.29% 0.22%

1.10% 0.81%

3.20% 2.63%

4.38% 4.03%

2.70% 2.92%

TOP HOLDINGS HDFC Limited Reliance Industries Limited Neyveli Lignite Corporation Of India Ltd Power Finance Corporation Ltd Exim Bank Of India ICICI Bank UTI Bank National Housing Bank (chfl-home) Citicorp Maruti Finance Ltd ING Vysya Bank Total

ASSET ALLOCATION 12.55% 12.20% 6.28% 6.27% 6.16% 6.09% 5.34% 3.91% 2.48% 1.27% 62.55%

5y

S.Inc

5.87% N.A.

8.61% N.A.

RATING BREAKDOWN %Value NCA(Inc. Cash & Deposite

41% 41%

SOV,AAA & Eq

AA+ 10%

7%

1% below AA+

NON-CONVERTIBLE DEBENTURE - 41% DATED GOVT SECURITIES - 1% CERTIFICATE OF DEPOSITS - 7% SECURITIZED DEBT - 10% NET CURRENT ASSET - 41%

0%

10

20

30

40

50

60

22

An Open-ended Gilt Scheme

DATE OF INCEPTION : 30/12/2000

OPEN-ENDED GILT FUND REPORT AS ON : 31-1-2007

NAV-Regular NAV Dividend NAV PF Dividend NAV Growth NAV PF Growth

HHH (by Value Research)

Ratios 7.66% Average Yield Average Maturity to Call/Put/Reset in year 1.75 Average duration to Call/Put/Reset in year 1.23 Marked to Market

(Rs.) 10.1296 10.1749 17.1196 10.9484

AUM 245.57 Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : I-Sec Li-BEX

Fund Benchmark

YTD

1m

3m

6m

1y

3y

0.36% -1.36%

0.36% -1.36%

1.38% 1.30%

3.77% 8.53%

5.11% 5.56%

2.60% 3.30%

ASSET ALLOCATION

TOP HOLDINGS GOI 9.39 % / 2011 GOI 7.94 % / 2021 GOI 6.20% UTI SPECIAL BONDS 2010 GOI 7.40 % / 2012 GOI 7.55 % / 2010 GOI 8.07 % / 2017 GOIR 7.59 % / 2016 Total

5y

15.14% 4.65% 1.55% 0.39% 0.27% 0.14% 0.02% 22.15%

S.Inc

6.38% N.A.

9.23% N.A.

RATING BREAKDOWN 22%

%Value

38% NCA(Inc. Cash & Deposite

SOV,AAA & Eq

40%

AA+

DATED GOVT SECURITIES - 22% NET CURRENT ASSET - 38% SHORT TERM DEPOSITS - 40%

below AA+

0%

20%

40%

60%

80%

DATE OF INCEPTION : 30/11/2005

OPEN-ENDED DEBT FUND REPORT AS ON : 31-1-2007

An Open-ended Income Scheme

NAV NAV Growth NAV Monthly NAV Quarterly NAV Yearly

(Rs.) 10.8248 10.2820 10.2677 10.8366

Ratios Average Yield Average Maturity to Call/Put/Reset in year Average duration to Call/Put/Reset in year Marked to Market

AUM

7.69% 1.85 1.22 25.87%

31.38 Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil MIP Blended Index

Fund Benchmark

YTD

1m

3m

6m

1y

3y

0.95% 0.63%

0.95% 0.63%

1.78% 2.06%

5.60% 6.41%

7.06% 8.78%

N.A. N.A.

5y

S.Inc

N.A. N.A.

7.10% 9.46%

Date of 1st NAV - 12/26/2005

TOP HOLDINGS HDFC Limited Ultratech Cement Ltd Kotak Mahindra Bank Limited Citicorp India Finance Ltd UTI Bank ICICI Bank Mahindra & Mahindra Finance Limited HPC Limited Hindalco Industries Limited Ranbaxy Laboratories Limited Total

ASSET ALLOCATION 19.09% 14.34% 12.03% 9.56% 8.96% 6.76% 3.19% 1.99% 1.68% 1.43% 79.02%

12%

RATING BREAKDOWN %Value

14% NCA(Inc. Cash & Deposite

7%

SOV,AAA & Eq

21% 46%

EQUITY SHARES - 14% NON-CONVERTIBLE DEBENTURE - 46% CERTIFICATE OF DEPOSITS - 21% SECURITIZED DEBT - 7% NET CURRENT ASSET - 12%

AA+

below AA+

0%

10

20

30

40

50

60

23

Short Term Plan

DATE OF INCEPTION : 1/7/2004

OPEN-ENDED DEBT FUND REPORT AS ON : 31-1-2007

NAV-Regular NAV Dividend Monthly NAV Dividend Weekly NAV Growth

H (by Value Research)

(Rs.) 10.1309 10.1977 11.4845

Ratios Average Yield Average Maturity to Call/Put/Reset in year Average duration to Call/Put/Reset in year Marked to Market

AUM

7.79% 0.51 0.46 8.96%

66.31 Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil Liquid Fund Index

Fund Benchmark

YTD

7d

15d

1m

3m

6m

1y

3y

5y

S.Inc

0.60% 0.60%

0.14% 0.13%

0.27% 0.27%

0.60% 0.60%

1.70% 1.58%

3.43% 3.04%

6.25% 6.10%

N.A. N.A.

N.A. N.A.

5.58% 5.14%

ASSET ALLOCATION

TOP HOLDINGS ICICI Bank Mahindra & Mahindra Finance Limited Indian Bank Citifinancial Consumer Finance Iltd UCO Bank GE Transportation Financial Service Tata Power Company Limited Sundaram Finance Ltd Kotak Mahindra Investments Ltd HDFC Limited Total

11.81% 9.06% 8.54% 7.56% 7.19% 7.10% 6.99% 6.97% 6.04% 4.47% 75.72%

5%

5%

5%

RATING BREAKDOWN

29%

%Value NCA(Inc. Cash & Deposite

SOV,AAA & Eq

31%

25%

AA+

NON-CONVERTIBLE DEBENTURE - 29% COMMERCIAL PAPER - 25% CERTIFICATE OF DEPOSITS - 31% SECURITIZED DEBT - 5% SHORT TERM DEPOSITS - 5% NET CURRENT ASSET - 5%

below AA+

-20%

0%

20%

40%

60%

80%

100%

DATE OF INCEPTION : 1/7/2004 H (by Value Research)

OPEN-ENDED DEBT FUND REPORT AS ON : 31-1-2007

Long Term Plan NAV NAV Dividend NAV Growth NAV Dividend (Institutional) NAV Growth (Institutional)

(Rs.) 10.6328 11.5077 10.3154 11.3965

Ratios Average Yield Average Maturity to Call/Put/Reset in year Average duration to Call/Put/Reset in year Marked to Market

AUM

7.48% 1.25 0.89 9.81%

22.49 Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil Liquid Fund Index

Fund Benchmark

YTD

7d

15d

1m

3m

6m

1y

3y

5y

S.Inc

0.58% 0.60%

0.15% 0.13%

0.27% 0.27%

0.58% 0.60%

1.68% 1.58%

3.34% 3.04%

5.92% 6.10%

N.A. N.A.

N.A. N.A.

5.27% 5.14%

TOP HOLDINGS ICICI Bank Power Finance Corporation Ltd HDFC Limited Mahindra & Mahindra Finance Limited HSBC UTI Bank Sundaram Finance Ltd UCO Bank Infrastructure Development Finance Total

ASSET ALLOCATION 13.41% 13.27% 8.90% 8.89% 8.39% 8.33% 6.27% 4.35% 4.17% 76.00%

RATING BREAKDOWN %Value

24%

45%

NCA(Inc. Cash & Deposite

SOV,AAA & Eq

AA+ 21% 10% below AA+

NON-CONVERTIBLE DEBENTURE - 45% COMMERCIAL PAPER - 10% CERTIFICATE OF DEPOSITS - 21% NET CURRENT ASSET - 24%

0%

20%

40%

60%

80%

24

Long Term Plan An Open-ended Debt Scheme

DATE OF INCEPTION : 1/2/2004

OPEN-ENDED DEBT FUND REPORT AS ON : 31-1-2007

NAV NAV Dividend NAV Growth

HH (by Value Research)

Ratios 8.00% Average Yield Average Maturity to Call/Put/Reset in year 1.97 Average duration to Call/Put/Reset in year 1.31 30.62% Marked to Market

(Rs.) 10.2523 10.6754

AUM 3.89 Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil Composite Bond Fund Index

Fund Benchmark

YTD

1m

3m

6m

1y

3y

0.36% 0.22%

0.36% 0.22%

1.00% 0.81%

2.09% 2.63%

3.10% 4.03%

N.A. N.A.

5y

S.Inc

N.A. N.A.

2.56% 2.91%

Date of 1st NAV - 2/9/2004

ASSET ALLOCATION

TOP HOLDINGS HDFC Limited Kotak Mahindra Investments Ltd Grasim Industries Limited Indian Bank UTI Bank Total

18.00% 12.86% 12.62% 12.36% 12.05% 67.89%

32%

RATING BREAKDOWN %Value

44% NCA(Inc. Cash & Deposite

SOV,AAA & Eq

AA+

24%

NON-CONVERTIBLE DEBENTURE - 44% CERTIFICATE OF DEPOSITS - 24% NET CURRENT ASSET - 32%

below AA+

0%

20%

40%

60%

80%

DATE OF INCEPTION : 1/11/2003 HHH (by Value Research)

OPEN-ENDED DEBT FUND REPORT AS ON : 31-1-2007

(Investment) NAV NAV Dividend NAV Growth

(Rs.) 10.5425 13.0457

Ratios Average Yield Average Maturity to Call/Put/Reset in year Average duration to Call/Put/Reset in year Marked to Market

AUM

7.76% 1.38 0.93 18.28%

8.18 Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil MIP Blended Index

Fund Benchmark

YTD

1m

3m

6m

1y

3y

1.00% 0.63%

1.00% 0.63%

2.41% 2.06%

6.17% 6.41%

9.08% 8.78%

8.91% 7.21%

ASSET ALLOCATION

TOP HOLDINGS HDFC Limited UTI Bank Kotak Mahindra Investments Ltd Grasim Industries Limited Indian Bank Sundaram Finance Ltd ICICI Home Finance Ltd. DSP Merill Lynch Capital Ltd Tata Power Company Limited Hindustan Lever Limited Total

12.23% 8.60% 6.12% 6.01% 5.80% 5.67% 3.46% 2.82% 2.27% 1.78% 54.75%

5y

S.Inc

N.A. N.A.

8.53% 7.43%

RATING BREAKDOWN %Value

15%

33%

NCA(Inc. Cash & Deposite

SOV,AAA & Eq 24% 14%

AA+ 14%

EQUITY SHARES - 15% NON-CONVERTIBLE DEBENTURE - 24% COMMERCIAL PAPER - 14% CERTIFICATE OF DEPOSITS - 14% NET CURRENT ASSET - 33%

below AA+

0%

10

20

30

40

50

60

25

An Open-ended Liquid Fund

DATE OF INCEPTION : 1/5/1999 OPEN-ENDED LIQUID FUND REPORT AS ON : 31-1-2007 NAV NAV Cash NAV Dividend

HHHH (by Value Research)

Ratios Average Yield Average Maturity to Call/Put/Reset in year Average duration to Call/Put/Reset in year Marked to Market

(Rs.) 16.5941 10.6305

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil Liquid Fund Index YTD 7d 15d Fund Benchmark

0.66% 0.60%

0.15% 0.13%

0.30% 0.27%

Indian Bank Sundaram Finance Ltd Union Bank Of India UCO Bank Rabo India Finance Pvt Ltd Standard Chartered Bank ING Vysya Bank HDFC Limited L & T Finance Ltd Alembic Limited Total

6.66% 6.49% 5.67% 5.10% 3.66% 3.62% 3.59% 2.58% 2.02% 2.01% 41.39%

491.87 Cr.

1m

3m

6m

1y

3y

5y

S.Inc

0.66% 0.60%

1.82% 1.58%

3.50% 3.04%

6.60% 6.10%

5.49% 4.97%

5.70% N.A.

6.76% N.A.

ASSET ALLOCATION

TOP HOLDINGS

AUM

8.12% 0.19 0.19 0.00%

RATING BREAKDOWN

12%

%Value

45% 18%

NCA(Inc. Cash & Deposite

SOV,AAA & Eq

AA+

32%

NON-CONVERTIBLE DEBENTURE - 12% COMMERCIAL PAPER - 18% CERTIFICATE OF DEPOSITS - 32% SHORT TERM DEPOSITS - 45% NET CURRENT ASSET - (-7%)

below AA+

0%

20%

40%

60%

80%

DATE OF INCEPTION : 1/10/2002 OPEN-ENDED LIQUID FUND REPORT AS ON : 31-1-2007

AAAf (by Crisil) (*) - LIQUID FLOATER

NAV NAV Growth NAV Dividend

(Rs.) 12.7916 10.2426

Ratios Average Yield Average Maturity to Call/Put/Reset in year Average duration to Call/Put/Reset in year Marked to Market

AUM 7.77% 0.37 0.37 4.50%

132.83 Cr.

PERFORMANCE REPORT & PORTFOLIO ANALYSIS : Benchmark : Crisil Liquid Fund Index

Fund Benchmark

YTD

7d

15d

1m

3m

6m

1y

3y

5y

S.Inc

0.64% 0.60%

0.15% 0.13%

0.29% 0.27%

0.64% 0.60%

1.83% 1.58%

3.58% 3.04%

6.82% 6.10%

5.53% 4.97%

N.A. N.A.

5.81% 4.89%

TOP HOLDINGS UTI Bank Infrastructure Development Finance Sundaram Finance Ltd Std Chartered Invt & Loans (i) Ltd UCO Bank Tata Sons Ltd National Bk For Agri & Rural Devpt HSBC Neyveli Lignite Corporation Of India Ltd Mahindra & Mahindra Finance Limited Total

ASSET ALLOCATION 14.19% 13.45% 7.25% 7.09% 6.38% 4.92% 4.49% 4.26% 3.76% 3.76% 69.55%

RATING BREAKDOWN %Value

1% 2%

4%

22%

NCA(Inc. Cash & Deposits)

SOV,AAA & Eq

AA+

33% 38%

below AA+

NON-CONVERTIBLE DEBENTURE - 22% COMMERCIAL PAPER - 38% CERTIFICATE OF DEPOSITS - 33% SECURITIZED DEBT - 1% SHORT TERM DEPOSIT - 2% NET CURRENT ASSET - 4%

-20%

0%

20%

40%

60%

80%

100%

26

Asset Management Company SBI Funds Management Pvt. Ltd. (A Joint Venture between SBI & SGAM)

Trustee : SBI Mutual Fund Trustee Company Private Limited Risk Factors: Mutual Funds and Securities Investments are subject to market risks and there is no assurance or guarantee that the scheme's objectives will be achieved. As with any other investment in securities, the NAV of the Magnums/Units issued under the scheme(s) may go up or down depending upon the various factors and forces affecting the securities market. Past performance of the Sponsor/AMC/Mutual Fund/Scheme(s) and their affiliates do not indicate the future performance of the Scheme(s) of the Mutual Fund. The names of the scheme(s) do not, in any manner, indicate either the quality of the scheme(s) or their future prospects and returns. For scheme-specific risk factors please refer to the offer document of the scheme. Please read the offer document before investing. Statutory details: SBI Mutual Fund has been set up as a trust under the Indian Trusts Act, 1882. State Bank of India ('SBI'), the sponsor is not responsible or liable for any loss resulting from the operation of the schemes beyond the initial contribution made by it of an amount of Rs. 5 lakhs towards setting up of the mutual fund. Asset Management Company- SBI Funds Management Private Limited (A joint venture between SBI and Société Générale Asset Management) -191, Maker Tower 'E', 19th Floor, Cuffe Parade, Mumbai 400 005. Trustee Company: SBI Mutual Fund Trustee Company Pvt. Ltd. * Ranking Methodology & Disclaimer - *CRISIL~CPR 1 The composite performance of SBI Magnum Sector Umbrella ContraFund, Magnum Global Fund, Magnum Balanced Fund & Magnum Tax Gain Scheme 1993 which indicates “Very Good” in the Open End Equity Category, and Open End Equity Linked Saving Schemes Category which ranks within the top 10% of the 60 schemes ranked in this category. *CRISIL~CPR 2 The composite performance of SBI Magnum Multiplier Plus Scheme 1993 & Magnum Monthly Income Plan which indicates “Good” in the Open End Equity Category and Monthly Income Plan Category , and ranks within the top 30% of the 60 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 quarter ended December, 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 Disclaimer SBI Magnum Balanced Fund-Dividends is best fund over Three Years in the category of Mixed Asset INR Balanced. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition guarantee, or representation made by Lipper. Any use of the data for analyzing, managing or trading financial instruments is at the user’s own risk. This is not an offer to buy or sell securities. * Magnum Monthly Income Plan (an open ended fund) monthly income is not assured and is subject to the availability of distributable surplus. Magnum NRI Investment Fund Flexi asset Plan - Entry load - Investment below 5 crore 2.25%, investment of 5crore & above NIL, Exit load - Investment below 5 crorer 1.00% for exit within 6months & nil thereafter, Investment of Rs 5crore & above - nil Disclaimer: CNBC TV18 - CRISIL Mutual Fund Year Award: In total 151 schemes were eligible for the award universe. Schemes present in all four quarters CRISIL CPRs were considered for the award. The award is based on consistency of schemes performance in the four quarterly CRISIL CPR rankings released during the calendar year 2005. 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. A detailed methodology of the CRISIL CPR is available at www.crisil.com. Rankings and Award Source: CRISIL Fund Services, CRISIL Ltd. ICRA Online Mutual Fund Awards 2005: 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. Mutual Funds & Securities Investmets are subjected to market risks and there is no assurance or guarantee that the fund’s objective will be achived. Please note that past performance may not or may not be substained in future and read the offer document. (*) Please note that the ranking’s method of CRISIL Funds Services. (*) Please note that the disclosere of all the portfolio is available on demand. * “The assigned AAAf rating is valid only for Magnum Institutional Income Fund-Savings Plan,Investment Plan, Magnum InstaCash Fund Liquid floater.The rating of CRISIL is not an opinion of the Asset Management Company's willingness or ability to make timely payments to the investor.The rating is also not an opinion on the stability of the NAV of the fund, which could vary with market developments.” Please read the offer documents of the schemes before investing. Head Office : 191, Maker Tower 'E', Cuffe Parade, Mumbai - 400 005. Tel: 2218 0221-27 For more details log on to www.sbimf.com or write to us at [email protected] Official Points of acceptance (Overseas)•Dubai : Tel 2277481, 00971504678138 • Doha : Tel. (00974) 4325060 / 4365060

INVESTOR SERVICE CENTRES / INVESTOR SERVICE DESKS / DISTRICT ORGANISERS NORTH Investor Service Centres Chandigarh: (0172)2709728, 2711869, 09814008415 Jaipur: (0141)2567354, 2574134 Kanpur: (0512)2331631 Lucknow: (0522)2201886, 2234042 Ludhiana: (0161)2449849 New Delhi: (011)23315058, 23317262 Investor Service Desks Agra: (0562)3955061, 09319124365 Ajmer: 09829067357 Amristar: 09855008415 Dehradun: (0135)2651719, 09412992892 Ghaziabad: 09810122988 Gurgaon: (0124)5083769, 09810064560 Jammu: (0191)2474975, 09419190803 Kota: 09829067358 Moradabad: (0591)2411411, 09719004343 Shimla: 09817016146 District Organisers Allahabad : (0532) 2460281, 09335152841 Amritsar: (0183)2400811, 09814051120, Bareli: (07486)243001, 09837097117 Jalandar : (0181)2226796, 09876051039, Jammu : (0191)2579001 2583565, 09419185343 Jodhpur : (0291)2627918, 2641533, 09314710075, Mathura : (0565)3298548 Panchakul : (0172)2594447, 09872012600, Panipat : (0180)2660030, 09896351722 Patiala : (0175) 5007746, 09814715746 Ropar : 09417202606 Saharanpur : (0132)2761544, 09412063704 Varanasi : (0542)2222381,

SOUTH Investor Service Centres Bangalore: (080)22272284, 22122507, 22123784(D) Chennai: (044)28333384, 28333385,42317230 Cochin: (0484)2318886, 2320107 Coimbatore: (0422)2303863, 09842229110 Hyderabad: (040)24756241, 24756066 Vijayawada: (0866)2574113, 2578215

EAST Investor Service Centres Bhilai: (0788)4010955, 2273261 Bhubaneshwar: (0674)2392401 Guwahati: (0361)2463747 Kolkata: (033)22882339, 22882341/2342 Patna: (0612)2220232, 2220235 Ranchi: (0651)2315212, 2310413 Siliguri: (0353)2537065, 2534206

WEST Investor Service Centres Ahmedabad: (079)26423070, 26423060 Bhopal: (0755)2557341, 4288276, 4288277 Goa: (0832)6642475 Indore: (0731)2541141, 5045944 Mumbai: (022)66532800 Pune: (9520)25670961, 25671524 Vadodara: (0265)2225628, 2225629, 09879588033

Investor Service Desks Calicut: 09249504951 Hubli: (0836)2368477, 09844336273 Madurai: (0452)4374242, 09843266670 Mangalore: (0824)445892, 09844062122 Mysore: (0821) 4242919 09900150919 Tiruchirapalli: 2415433 Thiruvananthapuram: (0471)2724790, 09895364543 Tirupathi : 09849319919 Vishakhapatnam: (0891)3093018, 09848411546

Investor Service Desks

Investor Service Desks Aurangabad: 09890014781 Kolhapur: 09822243954 Nagpur: (0712)2543123, 09850341318 Nasik: (0253)2575410, 09823310253 Rajkot: (0281)2239437, 09825504876 Surat: (0261)2462764, 09879114453

District Organisers Alappuzha (0477)2253819 09447225029 Dharampuri : (04342) 264243 Salem : (0427)2416414 Thirnalveli: (0462)2581325, 09842195192 Vellore: (0416)2257279, 09443623250

Jamshedpur: Raipur: Rourkela:

(0657)2440446, 09835367720 (0771)4040657, 09826633577 (0661) 25222947

District Organisers Asansol : (0341)5532677 Begusarai (06243)243038 Behrampur (0680)2203730, 2206905 09937013401 Bhagalpur : (0641)2424365, 09431037858 Bokaro : (06542)231249, 09431128453 Coochbehar : 09434367269 Dhanbad : (0326)2309683, 09431127249, 09835106185 Durgapur: (0343)2548056, 2549205, 09434014743 Gangtok : (03592)320967, Hazaribagh : (06546)829122, 09835360269 Jalpaiguri : (03561)222037, Muzaffarpur : 09431266380 Raigang : (03523)249451 09434049451 Sasaram : (06184)227873

District Organisers Ahmednagar : (0241)2341515, 2320522, 09422220415 Baramati (02112)224919 320529 09326842929 09850295029 Nanded (0246)2241988, 09422506434 09422870977 Navsari : (02637)255894, 09824332008 Ratlam : (07412)230521, Satara (02162) 283370, 09860148049 09826630521 Valsad : (02632)244744, 247747 09377244744