Market Timing Chart

Why time the market ? Leave it to the Fund Managers Date

BSE Sensex

HDFC Equity

HDFC Prudence

HDFC Top 200

Bluechip

Prima Fund

Reliance Growth

Reliance Vision

08/06/1997 22/2/00 26/2/02 25/7/03 26/9/03 19/11/04

4523.07 5883.33 3712.74 3726.51 4887.05 5962

7.75 29.32 22.07 31.33 42.95 58.466

10.65 22.3 22.09 32.34 39.87 52.16

13.45 29.02 16.16 22.77 32.86 45.18

14.54 30.5 23.86 28.69 39.72 57.2

11.26 42.12 27.15 42.49 57.71 95.3

13.73 47.23 24.12 42.44 58.27 96.53

13.57 29.88 19.23 36.68 52.2 72.51

% change

1.34

99.41

133.90

55.69

87.54

126.26

104.38

142.67

Do not try and time the market. Long term Investors rarely make losses. Avoid making investments in Sectorial Funds Make investments in Diversified Equity Mutual Funds.

It is the time that is IMPORTANT not the TIMING

Date 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04 06-Jan-04

BSE SENSEX on JAN 6, 2004 = 6119 Scheme Name Alliance Equity Fund - Gr Birla Dividend Yield Plus Gr Birla Midcap Fund - Gr Franklin India Bluechip Fund Gr Franklin India Prima Fund Gr Franklin India Prima Plus Gr HDFC Capital Builder-Gr HDFC Equity Fund - Gr. HSBC Equity Fund - Gr Principal Growth Fund Gr Principal Resurgent India Equity Gr Reliance Growth Fund Gr Reliance Vision Fund Gr Sundaram Growth Fund G Sundaram Select MidCap- Gr Tata Pure Equity Fund Gr

NAV 57.12 23.22 23.15 53.37 80.01 50.38 23.899 52.29 27.33 19.69 32.58 77.81 68.64 27.0843 25.9995 23.2799

BSE SENSEX on NOV 18, 2004 = 6017 Scheme Name 18/11/2004 Alliance Equity Fund - Gr 18/11/2004 Birla Dividend Yield Plus Gr 18/11/2004 Birla Midcap Fund - Gr 18/11/2004 Franklin India Bluechip Fund Gr 18/11/2004 Franklin India Prima Fund Gr 18/11/2004 Franklin India Prima Plus Gr 18/11/2004 HDFC Capital Builder-Gr 18/11/2004 HDFC Equity Fund - Gr. 18/11/2004 HSBC Equity Fund - Gr 18/11/2004 Principal Growth Fund Gr 18/11/2004 Principal Resurgent India Equity Gr 18/11/2004 Reliance Growth Fund Gr 18/11/2004 Reliance Vision Fund Gr 18/11/2004 Sundaram Growth Fund G 18/11/2004 Sundaram Select MidCap- Gr 18/11/2004 Tata Pure Equity Fund Gr Date

AVERAGE RETURNS

Todays 69.77 26.11 27.73 57.72 95.45 56.4 30.724 59.298 32.5745 24.04 36.2 97.49 73.15 30.1378 31.4441 26.6759

-1.67 Absolute Returns 22.15 12.45 19.78 8.15 19.30 11.95 28.56 13.40 19.19 22.09 11.11 25.29 6.57 11.27 20.94 14.59 16.67