Empower June 2012

Monthly Factsheet | June 2012
Invest in promising companies across industries

Birla Sun Life
Frontline Equity Fund

An Open ended Growth Scheme
For further details of the scheme, please refer to page no 28.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Call Toll-free 1-800-270-7000 (BSNL/MTNL) Visit www.birlasunlife.com sms GAIN to 56161

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Index
All About Mutual Funds Savings Solutions Regular Income Solutions Wealth Creation Solutions Tax Savings Solutions Close Ended Scheme Performance Fund Manager Wise Scheme Performance Funds at A Glance Investment Objective Dividend History Industry Allocation
01 04 19 24 48 51 52 53 56 58 60
All About Mutual Funds

Rising expenses, childrens education, unexpected emergencies and finally retirement the demands on peoples money seem to be ever-rising. And savings alone may not prove to be enough to meet them all. Making judicious investments though can make their money work harder. However, most people are reluctant to invest as they find it very puzzling. More so, they dont have the time to monitor the stock markets. What is the way then to help you achieve your financial needs and goals? The answer can be mutual funds. Here are a few things about mutual funds that you must know in order to benefit from them:
What are mutual funds? A mutual fund is a professionally managed collective investment scheme that pools money from many investors. This money is then invested in stocks, bonds, short-term money market instruments, and/or other securities. Types of mutual funds Mutual funds can broadly be classified as open ended or close ended. While open ended funds are available for subscription and repurchase on a continuous basis and do not have a fixed maturity period, close ended funds are open for subscription only during a specified period at the time of launch of the scheme and have a stipulated maturity period. The funds can further be classified according to the investment objective as: Growth or equity funds: The aim of growth funds is to provide capital appreciation over medium to long term. Such schemes normally invest a major part of their corpus in equities and have comparatively high risks. Debt funds: The objective of debt funds is to generate steady returns while aiming to preserve your capital. They invest only in fixed income instruments like company bonds, debentures, government securities etc. Balanced funds: These funds invest in both equity and debt in varying proportions. So, their average returns and risk profile also fall some where in between growth and debt funds. How do mutual funds score over equities? Unlike equity Investments, mutual fund investments do not require you to analyze and track companies and the ways of the market. Also they can help them stay less affected by the fall in the prices of one particular stock as their returns are derived by overall performance of various stocks that the Mutual Fund invests in. Whats the right time to buy and sell mutual funds? The right time to buy mutual funds is when the prices of the funds are low or falling. However, the holding period should be determined by the market conditions ideally. For eg. in growth funds a greater holding period can offer greater chance to benefit. What are SIPs? A systematic investment plan allows you to invest in a fund at regular intervals rather than a lump sum one time amount. SIPs are based on the principle of rupee cost averaging which can help make a fall in schemes NAV work to the investors advantage. When the NAV falls because of a fall in the market, SIP can help accumulate more units at lower rates while restraining them from going overboard in a rising market by giving fewer units at those higher levels. Further, by staying invested for a long period of time, they may also profit from the appreciation in equities tend to show over the long term. How do I select the right mutual funds? While choosing a mutual fund, its important to keep your objectives, risk appetite and investment budget in mind. You should also keep in mind the performance of the fund over the last couple of years and check the exit load charged by a particular scheme which is charged as a percentage of NAV and has the effect of reducing returns by that amount.
By keeping these simple things in mind, you can make mutual fund investments that can work to your advantage and help in realizing your financial goals.
01
Investment Outlook
Equity Investment Outlook
Equity Outlook: Whither Green Shoots? A cursory glance at the newspapers is enough to gauge investor mood about equities. Markets seem to be grappling with multitude of factors, weighing down sentiments, viz. governance deficit, stubborn inflation, high current account deficit & falling currency, European financial crisis and the resultant domestic growth slowdown. As is customary, falling markets lend credence to all such concerns. If we look at Indias economic growth post liberalization, there have been four occasions where growth has slowed down significantly (below 5%). This has been accompanied by major international developments affecting world economy; FY92 when India faced balance of payment crisis after oil shock in 1991; FY98 East Asian Crisis; 2001 dot-com bust and 9/11 disaster; 2003 SARS breakout in Asian countries and virtual freezing of borders. Each time the growth has recovered from the lows and has averaged 6.5%. It is reasonable to assume that this is Indias growth potential if not higher. The period also includes the effect of various governments and coalitions at the centre. While debating the effect of government on recent growth, it is pertinent to look at the role played by federal structure of Indias democracy, since state governments wield considerable influence. This is also visible in the widely differential growth rates of State Domestic Products. As we progress as a society, the electorate is also evolving. A rising share of middle class demands better governance as it cannot be influenced with cheap freebies or bought over by special favors. There are early signs of this structural change visible in recent state elections over past few years. Democracies, by nature are selfcorrecting and as current polity recognises this it is highly likely to pull up its socks and surpass the low expectations before the 2014 rendezvous with voters. Global Commodity Indices indicate that commodity fuelled inflation maybe coming off in Rupee terms, which has started to translate into lower trajectory in WPI Inflation and even lower in WPI Manufacturing inflation (RBIs measure of core inflation). Even though, food component still remains stubborn and volatile, the trajectory for headline and core inflation is coming down. This could eventually force the Central Banks hand and lead to lower interest rates. Indias dependence on global capital flows combined with persistent negative current account has led to significant depreciation in the domestic currency. It may look worrisome on the surface, however there seems to be an involuntary stimulus provided by the falling rupee. A lower INR is likely to provide huge incentives to exporters and for import substitution, in turn helping domestic business activity. While the outlook for European financial system remains clouded and the path to resolving the crisis is a long winding one, the political leadership in the region is working to find a solution. The effect of mismanaging the situations are reasonably well understood. Fallouts of Lehman Bros collapse in 2008 provides good indication of the wide ranging impact. In the live-by-theday market place news flow on the subject is likely to result in substantial volatility. However, over time we would assign a low probability to break down of coordination and a financial contagion. Keeping sentiments at bay, todays rock bottom expectations and cheap valuations demand higher allocation to equity assets. Source: Bloomberg
Debt Investment Outlook

Domestic Growth Outlook May 2012 ended with a rude shock for Indian investors. With GDP growth in last quarter of FY12 expected to come in close to 6%, markets was surprised with a Q4 FY12 GDP print of 5.3%. To put this number in perspective, India grew at 5.6% in the worst quarter of the 2008 crisis. So what was the key reason behind the slowdown and how do we expect things to pan out from here. Firstly, what explains the growth slowdown? Two key factors. Most important, a slowdown in services sector (which constitutes 58% of GDP) from 10.6% in Q4 FY11 to 7.9% in Q4 FY12. Services has been the most stable part of our economy and has grown steadily at 9-11% over last 5 yrs. We construe a slowdown in the services sector as another indicator that the current slowdown will not have a swift recovery like one we had after the 2008 crisis. On the other hand, Industrial growth also slowed down from 7% in Q4 FY11 to 1.9% in Q4 FY12. This slowdown in the industrial sector was very much expected and was already reflected in the IIP numbers. So, what is our growth projection for FY13? Our view remains that India is undergoing a cyclical slowdown. That said, we are changing our view that growth has bottomed out, primarily because of the deteriorating global situation and the continued lack of policy action. Moreover, despite the govt and RBI forecast, we think its nearly impossible for India to grow close to 7% in FY13. Our base case scenario is that we muddle through at close to 5.5-6.5% growth rates over the next few quarters. A big risk to our view is a repeat of 2008 financial crisis emanating from Europe. Inflation Outlook On the inflation front, headline WPI increased marginally from 6.9% in March to 7.2% in April 2012. The key point remains that non-food manufactured products inflation (RBI gauge of core inflation) has moderated from 8.4% in Nov 2011 to 4.9% in Apr 2012. This moderation in core inflation seems the primary reason why RBI started its rate easing cycle in April in line with our expectations. Going forward we think that Indias headline inflation may oscillate between 6-7% through FY13. The bigger call however is on the future path of core inflation over next 4-6 months as that determines the future RBI rate easing actions. Our sense is that there is a good probability that core inflation moderates over next 4-6 months especially due to the moderation in global commodity prices. Global Growth outlook After a 3 month hiatus, European debt concerns are back in full force. Long Term Refinancing Option (LTRO) driven liquidity made investors forget about the fundamental leverage problems in Europe from Dec 2011 to Mar 2012, but markets seem to be clearly focused on fundamentals again. Its not surprising that markets have turned again; but the fact that 1 trillion euros of LTRO was able to buy only 3 months of rally surely is a big surprise. For comparison, a 600bn QE2 resulted in a 10-12 month market rally. Our fundamental view remains that there are countries (Italy, Spain, Greece) who have solvency (too high debt/ GDP) problems and the European saga will continue till Germany agrees to underwrite Italian, Spanish and Greek debt. Till that happens the European debt saga continues. We have had 2 risk-off periods in the last 2 years. First one was in the summer of 2010 which ended with QE2 announcement. Second was Aug-Nov 2011 which ended with LTRO announcement. Clearly, we need to wait for a big policy announcement out of Europe, maybe LTRO3 or ECB guaranteeing bank deposits across peripheral banks or European Stability Mechanism (ESM) being converted into a bank, to call the end of current risk-off period. Central Bank Stance With a dramatic slowdown in GDP in Q4 FY12, we think the probability of RBI cutting rates aggressively in the next 6-12 months have increased significantly. At 6.5% growth in the last fiscal, we are now running close to 100bps below RBIs measure of potential growth of 7.5%. Moreover, with the current global environment, we think RBI may cut rates to mitigate risks to domestic growth. Another factor which we believe may incentivize RBI to cut repo in the next 6-12months is a moderation in core (Non-food manufactured product) inflation over next 4-6 months due to moderation in global commodity prices. Overall , we expect RBI to cut repo by another 50-100bps over next 6-12 months. Bond Market Outlook Our big call over last 4 months has been that current environment is better to own 1-3yr corporate bond. The key rationale predicating this view was that as RBI starts its easing cycle 2 things may happen. Firstly, Liquidity conditions will ease resulting in a compression in front end spreads and Secondly, as RBI starts cutting rates the yield curve will bull steepen and thus again benefiting investors owning the front end of the yield curve. In the front end, our call that that both 3mon and 6mon rates have peaked at 11.5% in March 2012 has been on the money. 3 and 6 month rate rates have rallied 200bps and 150bps respectively from the highs in March 2012 and 1yr CD rates have rallied ~125bps. With 1yr bank CD rates close to 180bps over repo rate, we think there is significant opportunity for 1-3yr rates to be 100-150bps lower over the next 6 months. A notable change to our view is that we are now tactically bullish on duration. The primary reason behind this view is expectations of rate cuts from RBI due to the sharp correction in global commodity prices, especially oil, as a result of European debt problems and deterioration in our domestic growth outlook.
02
Savings Solutions
What are Saving Solutions? Our Savings Solutions are aimed at preserving your money, providing you with liquidity and giving you superior tax-efficient returns compared to bank accounts and FDs. Who can benefit from Saving Solutions? This is an ideal solution for investors who have low - medium propensity for risk and high liquidity. These can be ideal for first time investors in mutual funds.
Regular Income Solutions

What are Regular Income Solutions? Our Regular Income Solutions aim to preserve your money and provide regular income. Who can benefit from Regular Income Solutions? This is an ideal solutions for investors who are interested in alternative modes of regular income, either in present of after retirement stage, and have low propensity for risk.
(Regular income is not assured & is subject to availability of distributable surplus.)
Wealth Creation Solutions

What are Wealth Creation Solutions? Our Wealth Creation Solutions aim to grow your money through equity/gold investments and are available in a range of conservative to aggressive options. Who can benefit from Wealth Creation Solutions? These solutions can be ideal for investors who are planning for future expenses, like higher education of children, marriage, buying a home etc.These solutions are available in the range of aggressive to conservative options to suit the needs of the investor.
Tax Savings Solutions

What are Tax Savings Solutions? Our Tax Savings Solutions help to reduce your tax burden and at the same time, aim to grow your money through equity investments. Who can benefit from Tax Savings Solutions? Tax saving is important, especially when investors can save up to ` 30,900 in taxes! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing the taxable income by up to ` 1 lakh. But, wealth creation is also important. Isnt it? Thats why this solution is ideal for investors who would like to create wealth along with tax saving.
Tax savings of ` 30,900 is calculated assuming qualifying amount of deduction is ` 1 lakh & investor falls in the top income tax slab of 30% & includes applicable cess. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. Further, Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future.
The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.
03
Savings Solutions
What are Saving Solutions? Our Savings Solutions are aimed at preserving your money, providing you with liquidity and giving you superior tax-efficient returns compared to bank accounts and FDs.
Who can benefit from Saving Solutions? This is an ideal solution for investors who have low - medium propensity for risk and high liquidity. These can be ideal for first time investors in mutual funds.
Benefits of Savings Solutions:
Make Inflation work in your favour: Inflation affects your returns from any investment including mutual funds. But, in case of savings solutions, you can use it to your advantage - through indexation - which can help you reduce the amount on which you have to pay tax. You can benefit from indexation, if investing for more than 1 year. Please consult your tax advisor on how to take advantage of indexation. Aim to preserve your money: These schemes generally invest in instruments like bonds of reputed Indian companies and securities (bonds) issued by the Government of India which are considered relatively safe. Aim to provide Liquidity: If you need to withdraw your money, all you have to do is submit a redemption slip and your money is normally credited to your bank account within one working day. You may also opt for an online redemption facility offered by many fund houses for added convenience. Tax-efficient returns: You can earn returns in the form of monthly / quarterly dividends etc. which are completely tax-free in your hands. A dividend distribution tax of 13.519% is applicable and is deducted by the fund house. There are various savings solutions available depending on the time period that you would like to invest for: a. 1 day to 3 months b. 3 to 6 months c. 6 months to 1 year d. 1 year +
Investors are advised to consult their tax advisor in view of individual nature of tax benefits. The Financial Solution (Savings Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.
04
Birla Sun Life Cash Plus

What is it? A fund that aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.)
Fund Details
Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 5 years & 7 years Date of inception: June 16, 1997 Nature of the scheme: An Open-ended Liquid Scheme NAV of Plans / Options (`)^ Retail Plan Growth: 286.4373 Dividend: 163.6940 Institutional Plan Growth: 292.4732 Dividend: 108.0230 Weekly Dividend: 108.2369 Institutional Premium Plan Growth: 174.7170 Daily Dividend: 100.1950 Weekly Dividend: 100.3858 ^The Face Value per unit of all the plans/ options under Birla Sun Life Cash Plus has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Liquid Fund Index
SAVINGS SOLUTIONS
Conservative Returns
Low Risk
1 day +
High Liquidity
As on May 31, 2012
Rating Profile of Portfolio

27.66%
72.34% AAA Cash & Current Assets
Investment Performance - Retail Plan - Growth

Date of Inception: June 16, 1997 NAV Per Unit. * (`) Birla Sun Life Cash Plus (%) CRISIL Liquid Fund Index # (%)
NAV as on March 30, 2012: ` 281.8475

CRISIL 1 Year T-Bill Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Cash Plus (`) 281848 10883 10572 10397 CRISIL Liquid Fund Index # (`) N/A 10844 10621 10369 CRISIL 1 Year T-Bill Index ## (`)
Since inception till March 30, 2012 (CAGR) March 31, 2011 to March 30, 2012 (Absolute) March 31, 2010 to March 31, 2011 (Absolute) March 31, 2009 to March 31, 2010 (Absolute)
10.0000 25.8989 24.4974 23.5621
7.25 8.83 5.72 3.97
N/A 8.44 6.21 3.69
N/A 6.59 3.86 3.08
N/A 10659 10386 10308
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 71. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
Load Structure (as % of NAV) Entry Load: Nil Exit Load: Nil Other Parameter Modified Duration : Yield to Maturity: Mark to Market: Standard Deviation Retail Plan: Institutional Plan: Institutional Premium Plan:
0.09 years 10.06% 0% 0.67% 0.65% 0.63%
Note: Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer.
Top Ten Portfolio Holdings

Issuer
UCO Bank Housing Development Finance Corporation Ltd. IndusInd Bank Ltd. Axis Bank Ltd. CitiBank, N.A.
% to net Assets
5.84% 5.68% 4.56% 3.74% 3.73%
Rating
CRISIL A1+ [ICRA] A1+ CRISIL A1+ FITCH A1+
Issuer
Canara Bank National Housing Bank Kotak Mahindra Bank Ltd. Small Industries Development Bank of India Axis Bank Ltd.
% to net Assets
3.60% 3.41% 3.37% 2.85% 2.84%
Rating
CRISIL A1+ [ICRA] A1+ CARE A1+ CRISIL A1+
05
Birla Sun Life Cash Manager

Fund Details
Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 5 years & 7 years Date of inception: Retail Plan: May 14, 1998 Institutional Plan: September 27, 2004 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options (`)^ Retail Plan Growth: 264.1431 Daily Dividend: 100.0450 Weekly Dividend: 100.0888 Institutional Plan Growth: 183.0081 Daily Dividend: 100.0300 Weekly Dividend: 100.0915 ^The Face Value per unit of all the plans/ options under Birla Sun Life Cash Manager has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Short Term Bond Fund Index
SAVINGS SOLUTIONS
Low Risk
1 day +
High Liquidity
As on May 31, 2012

25.18%
4.91% 69.91%
AAA
AA
Cash & Current Assets

Date of Inception: May 14, 1998 NAV Per Unit. * (`) Birla Sun Life Cash Manager (%) CRISIL Short Term Bond Fund Index # (%)
NAV as on March 30, 2012: ` 259.5964

CRISIL 1 Year T-Bill Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Cash Manager (`) 259596 10882 10626 10433 CRISIL Short Term Bond Fund Index # (`) N/A 10828 10512 10588 CRISIL 1 Year T-Bill Index ## (`) N/A 10659 10386 10308
10.0000 23.8565 22.4515 21.5197
7.11 8.82 6.26 4.33
N/A 8.28 5.12 5.88
N/A 6.59 3.86 3.08
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load: Nil Other Parameter Modified Duration: Yield to Maturity: Mark to Market: Standard Deviation: Retail Plan: Institutional Plan:
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 71. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
0.13 years 10.45% 15% 0.63% 0.65%

Issuer
Tata Capital Ltd. The South Indian Bank Ltd. The Jammu & Kashmir Bank Ltd. Housing Development Finance Corporation Ltd. IndusInd Bank Ltd.
% to net Assets
9.33% 6.05% 5.51% 4.98% 4.75%
Rating
[ICRA] A1+ CARE A1+ CRISIL A1+ [ICRA] A1+ CRISIL A1+
Issuer
LIC Housing Finance Ltd. Punjab National Bank Housing Development Finance Corporation Ltd. IDBI Bank Ltd. Power Finance Corporation Ltd.
% to net Assets
3.30% 2.44%
Rating
CARE A1+ [ICRA] A1+
4.48% CRISIL AAA 2.57% CRISIL AAA 2.32% CRISIL AAA
06
Birla Sun Life Savings Fund

Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception Retail Plan: Institutional Plan: Nature of the scheme: Mr. Kaustubh Gupta July 15, 2011 5 years November 27, 2001 April 16, 2003 An Open-ended Short Term Income Scheme
AAA Cash & Current Assets
SAVINGS SOLUTIONS
Low Risk
1 day +
High Liquidity
As on May 31, 2012

22.33% 4.37%
73.31%
AA
NAV of Plans / Options (`)^ Retail Plan Growth: 202.1539 Daily Dividend: 100.0680 Weekly Dividend: 100.2066 Institutional Plan Growth: 207.9285 Daily Dividend: 100.0680 Weekly Dividend: 100.2120 ^The Face Value per unit of all the plans/ options under Birla Sun Life Savings Fund has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Short Term Bond Fund Index

Date of Inception: Nov 27, 2001 NAV Per Unit. * (`) Birla Sun Life Savings Fund (%) CRISIL Short Term Bond Fund Index # (%)
NAV as on March 30, 2012: ` 198.6414

CRISIL 1 Year T-Bill Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Savings Fund (`) 198641 10919 10631 10458 CRISIL Short Term Bond Fund Index # (`) N/A 10828 10512 10588 CRISIL 1 Year T-Bill Index ## (`)
10.0000 18.1928 17.1125 16.3633
6.87 9.19 6.31 4.58
N/A 8.28 5.12 5.88
N/A 6.59 3.86 3.08
N/A 10659 10386 10308
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Kaustubh Gupta is 71. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load: Nil Other Parameter Modified Duration: Yield to Maturity: Mark to Market: Standard Deviation Retail Plan: Institutional Plan:
0.20 years 10.30% 39% 0.64% 0.61%

Issuer
Reliance Ports & Terminals Ltd. Reliance Capital Ltd. Tata Motors Ltd. Tata Capital Ltd. Edelweiss Financial Services Ltd.
% to net Assets
7.59% 6.86% 5.18% 4.73% 4.72%
Rating
CARE AAA CARE AAA CRISIL A1+ [ICRA] A1+ CRISIL A1+
Issuer
LIC Housing Finance Ltd. ICICI Bank Ltd. IndusInd Bank Ltd. State Bank of Mysore Jindal Power Ltd.
% to net Assets
4.26% 3.54% 3.24% 2.97%
Rating
[ICRA] A1+ CRISIL A1+ [ICRA] A1+ [ICRA] AA
4.49% CRISIL AAA
07
Birla Sun Life Ultra Short Term Fund

What is it? A fund that aims to provide the convenience of parking your savings with an opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits)
Fund Details
Fund Manager: Mr. Kaustubh Gupta & Mr. Lokesh Mallya Managing Fund Since: Sep 29, 2009 Total Experience: 5 years & 5 years Date of inception: April 19, 2002 Nature of the scheme: An Open-ended Short Term Income Scheme NAV of Plans / Options (`)^ Retail Plan Growth: 196.8163 Daily Dividend: 100.0550 Fortnightly Dividend: 103.5617 Institutional Plan Growth: 130.3357 Daily Dividend: 100.0550 Weekly Dividend: 101.7788 Fortnightly Dividend: 102.6979 ^The Face Value per unit of all the plans/ options under Birla Sun Life Ultra Short Term Fund has been changed from `.10/- to `.100/- effective from October 07, 2011 Benchmark: CRISIL Short Term Bond Fund Index
SAVINGS SOLUTIONS
Low-Medium Risk
1 month + High Liquidity As on May 31, 2012

12.00% 22.91%
65.10% Other Cash & Current Assets AAA

Date of Inception: April 19, 2002 NAV Per Unit. * (`) Birla Sun Life Ultra Short Term Fund (%) CRISIL Short Term Bond Fund Index # (%) 6.36 8.28 5.12 5.88
NAV as on March 30, 2012: ` 193.4296

CRISIL 1 Year T-Bill Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Ultra Short Term Fund (`) 193430 10929 10647 10445 CRISIL Short Term Bond Fund Index # (`) 18474 10828 10512 10588 CRISIL 1 Year T-Bill Index ## (`) 16562 10659 10386 10308
10.0000 17.6990 16.6229 15.9151
6.85 9.29 6.47 4.45
5.20 6.59 3.86 3.08
Load Structure (as % of NAV) Entry Load : Nil Exit Load** : For redemption/switchout of units within 15 days from the date of allotment: 0.25% of applicable NAV. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: 0.16 years Yield to Maturity: 10.14% Mark to Market: 18% Standard Deviation: 0.65%
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Kaustubh Gupta is 71. Total Schemes managed by Mr. Lokesh Mallya is 2. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

Issuer
IndusInd Bank Ltd. Rural Electrification Corporation Ltd. Axis Bank Ltd. ICICI Bank Ltd. The Federal Bank Ltd.
% to net Assets
11.51% 10.84% 10.75% 8.46% 7.73%
Rating
CRISIL A1+ CRISIL AAA CRISIL A1+ CRISIL A1+
Issuer
Power Finance Corporation Ltd. Syndicate Bank State Bank of Mysore ICICI Bank Ltd. Axis Bank Ltd.
% to net Assets
7.18% 7.00% 4.17% 3.58% 3.53%
Rating
CRISIL AAA CARE A1+ [ICRA] A1+ [ICRA] A1+
08
Birla Sun Life Dynamic Bond Fund

What is it? An income solution that aims to generate optimal returns through active management by capturing positive price and credit spread movements.
Conservative Returns Low-Medium Risk
SAVINGS SOLUTIONS
9 month + High Liquidity As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Maneesh Dangi September 12, 2007 11 years September 27, 2004 An Open-ended Income Scheme
13.25% 0.99% 26.08%
3.22%
56.46% Sovereign AA Cash & Current Assets AAA Below AA
NAV of Plans / Options (`) Growth: 18.2852 Monthly Dividend: 10.5212 Quarterly Dividend: 11.5327 Benchmark: CRISIL Composite Bond Fund Index

Date of Inception: Sept 27, 2004 NAV Per Unit. * (`) Birla Sun Life Dynamic Bond Fund (%) CRISIL Composite Bond Fund Index # (%)
NAV as on March 30, 2012: ` 17.9618

CRISIL 10 Year Gilt Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Dynamic Bond Fund (`) 17962 10972 10557 10808 CRISIL Composite Bond Fund Index # (`) CRISIL 10 Year Gilt Index ## (`)
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: For redemption / switch-out of units within 180 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 180 days from the date of allotment: Nil. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: Yield to Maturity: Mark to Market: Standard Deviation:
10.0000 16.3713 15.5071 14.3474
8.11 9.72 5.57 8.08
5.69 7.68 5.06 5.41
4.87 2.43 4.61 3.60
15158 10768 10506 10541
14293 10243 10461 10360
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above.
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends
1.75 years 10.00% 86% 1.08%
declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Maneesh Dangi is 4. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer
LIC Housing Finance Ltd. Housing Development Finance Corporation Ltd. Power Finance Corporation Ltd. IDBI Bank Ltd. Housing Development Finance Corporation Ltd.
% to net Assets
8.06% 5.87% 5.46% 4.37% 3.72%
Rating
CRISIL AAA CRISIL AAA CRISIL AAA CRISIL AA+ CRISIL AAA
Issuer
Vijaya Bank Canara Bank Reliance Utilities & Power Private Ltd. Power Finance Corporation Ltd. Cholamandalam Inv & Finance Company Ltd.
% to net Assets
3.51% 3.46% 3.22% 3.03% 2.73%
Rating
CARE A1+ CRISIL A1+ CARE AAA CRISIL AAA [ICRA] AA
09
Birla Sun Life Medium Term Plan

What is it? An income scheme that aims to optimize returns by identifying mispriced credit opportunities in medium term securities in the market and then selectively investing in them.
SAVINGS SOLUTIONS
2 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Maneesh Dangi June 25, 2009 11 years March 25, 2009 An Open-ended Income Scheme NAV of Plans / Options (`) Retail Plan Growth: 12.6957 Weekly Dividend: 10.0441 Fortnightly Dividend: 10.2504 Monthly Dividend: 10.2206 Institutional Plan Growth: 12.3252 Weekly Dividend: 10.0441 Fortnightly Dividend: 10.2523 Monthly Dividend: 10.1780 Benchmark: CRISIL Short Term Bond Fund Index

7.19%
9.34%
27.35% 56.12%
AAA
AA
Below AA

Date of Inception: Mar 25, 2009 NAV Per Unit. * (`) Birla Sun Life Medium Term Plan (%) CRISIL Short Term Bond Fund Index # (%)
NAV as on March 30, 2012: ` 12.4024

CRISIL 10 Year Gilt Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Medium Term Plan (`) 12402 10973 CRISIL Short Term Bond Fund Index # (`) CRISIL 10 Year Gilt Index ## (`)
Since inception till March 30, 2012 (CAGR) March 31, 2011 to March 30, 2012 (Absolute)
10.0000 11.3027
7.40 9.73
6.41 8.28
2.97 2.43
12060 10828
10925 10243
Load Structure (as % of NAV) (Incl. for SIP) March 31, 2010 to 10.5916 6.71 5.12 4.61 10671 10512 10461 March 31, 2011 (Absolute) Entry Load: Nil March 31, 2009 to Exit Load**: For Redemption / Switch10.0117 5.79 5.88 3.60 10579 10588 10360 out of units within 180 days March 31, 2010 (Absolute) from the date of allotment: # Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. 2.50% of applicable NAV , Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. after 180 days but Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Maneesh Dangi is 4. Total Schemes managed by Mr. before 365 days from Kaustubh Gupta is 71. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers. the date of allotment: 2.00% of applicable NAV , after 365 days but before 730 days from the date of allotment:1.00% of applicable NAV, after 730 days from the date of allotment: Nil **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: 0.48 years Yield to Maturity: 9.45% Mark to Market: 90% Standard Deviation: Institutional Plan: 1.19%
Top Portfolio Holdings

Issuer
Punjab National Bank Indian Oil Corporation Ltd. Aditya Birla Finance Ltd. Fullerton India Credit Company Ltd. Coffee Day Resorts Pvt Ltd
% to net Assets
13.94% 13.24% 12.61% 7.86% 7.19%
Rating
CARE A1+ CRISIL A1+ [ICRA] AA [ICRA] AA+ BWR A+
Issuer
Corporation Bank Oriental Bank of Commerce ING Vysya Bank Ltd. UCO Bank Mahindra & Mahindra Financial Services Ltd.
% to net Assets
6.99% 6.98% 6.98% 6.96% 6.88%
Rating
CRISIL A1+ CRISIL A1+ CRISIL A1+ CRISIL A1+ CRISIL AA+
10
Birla Sun Life Income Plus

What is it? A fund that invests in a combination of bonds and Government securities of varying maturities from time to time with an aim to optimize returns.
Moderate Returns Medium Risk
SAVINGS SOLUTIONS
1 yr +
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Prasad Dhonde Jan 11, 2010 11 years October 21, 1995 An Open-ended Income Scheme

5.30% 46.78%
9.22%
38.69%
NAV of Plans / Options (`) Growth: 48.7611 Quarterly Dividend: 12.6816 Benchmark: CRISIL Composite Bond Fund Index
AAA
Sovereign
AA
Investment Performance - Growth

Date of Inception: Oct 21, 1995 NAV Per Unit. * (`) Birla Sun Life Income Plus (%) CRISIL Composite Bond Fund Index # (%)
NAV as on March 30, 2012: ` 47.8041

CRISIL 10 Year Gilt Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Income Plus (`) 47804 10856 10499 10588 CRISIL Composite Bond Fund Index # (`) N/A 10768 10506 10541 CRISIL 10 Year Gilt Index ## (`) N/A 10243 10461 10360
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: 2.06 years Yield to Maturity: 9.05% Mark to Market: 91% Standard Deviation: 2.24%
10.0000 44.0331 41.9401 39.6094
10.39 8.56 4.99 5.88
N/A 7.68 5.06 5.41
N/A 2.43 4.61 3.60
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Prasad Dhonde is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.

Issuer
91 Days TBills 15 Jun 2012 8.24% GOVT.STOCK 2018 Vijaya Bank IDBI Bank Ltd. Power Finance Corporation Ltd.
% to net Assets
24.13% 8.68% 6.30% 5.30% 4.96%
Rating
Sovereign Sovereign CARE A1+ CRISIL AA+ CRISIL AAA
Issuer
9.17% UP SDL 23May22 UCO Bank State Bank Of Patiala Punjab National Bank Oriental Bank of Commerce
% to net Assets
4.89% 4.82% 4.71% 4.70% 4.50%
Rating
Sovereign CRISIL A1+ [ICRA] A1+ CARE A1+ [ICRA] A1+
11
Birla Sun Life Short Term Fund

What is it? A moderate income scheme that invests in diversified portfolio of debt and money market instruments of short to medium term maturity which can offer superior levels of yields at relatively lower levels of risk.
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Prasad Dhonde July 01, 2011 11 years March 3, 1997 An Open-ended Income Scheme
(erstwhile Birla Sun Life Income Fund. Name changed w.e.f February 01, 2012)
SAVINGS SOLUTIONS
Moderate Returns
Medium Risk
6 month +
High Liquidity
As on May 31, 2012

13.32% 3.84%
82.85%
NAV of Plans / Options (`) Growth: 39.9787 Monthly Dividend: 11.6156 Benchmark: CRISIL Composite Bond Fund Index
AAA
AA

Date of Inception: March 3, 1997 NAV Per Unit. * (`) Birla Sun Life Short Term Fund (%) CRISIL Composite Bond Fund Index # (%)
NAV as on March 30, 2012: ` 39.2656

CRISIL 10 Year Gilt Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Short Term Fund (`) 39266 10966 10542 10481 CRISIL Composite Bond Fund Index # (`) N/A 10768 10506 10541 CRISIL 10 Year Gilt Index ## (`)
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: For Redemption / Switchout of units within 30 days from the date of allotment: 0.50% of applicable NAV. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: Yield to Maturity: Mark to Market: Standard Deviation:
10.0000 35.8062 33.9643 32.4047
9.49 9.66 5.42 4.81
N/A 7.68 5.06 5.41
N/A 2.43 4.61 3.60
N/A 10243 10461 10360
declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Prasad Dhonde is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
0.89 years 9.80% 96% 1.75%
Note: Standard Deviation is calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer.

Issuer
Housing Development Finance Corporation Ltd. Power Finance Corporation Ltd. Bank of India Infrastructure Development Finance Company Ltd. LIC Housing Finance Ltd.
% to net Assets
Rating
Issuer
IDBI Bank Ltd. Central Bank of India Punjab National Bank Canara Bank Sundaram Finance Ltd.
% to net Assets
6.21% 6.17% 5.88% 5.88% 5.06%
Rating
[ICRA] A1+ CARE A1+ CARE A1+ CRISIL A1+ [ICRA] AA+
9.51% CRISIL AAA 9.48% CRISIL AAA 8.82% CRISIL A1+ 8.03% [ICRA] AAA 6.93% CRISIL AAA
12
Birla Sun Life Floating Rate Fund - Long Term Plan

What is it? A fund that aims to generate income by investing substantially into floating rate debt/money market instruments.
Conservative Returns Low Risk
SAVINGS SOLUTIONS
1 month +
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 5 years & 7 years Date of inception: June 05, 2003 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options (`)^ Retail Plan Growth: 187.7506 Weekly Dividend: 100.0980 Institutional Plan Growth: 129.3067 Daily Dividend: 100.0434 Weekly Dividend: 100.0993 ^The Face Value per unit of all the plans/ options under Birla Sun Life Floating Rate Fund Long Term Plan has been changed from ` 10/- to ` 100/- effective from October 07, 2011 Benchmark: CRISIL Liquid Fund Index
30.47%
69.53%
AAA

Date of Inception: June 05, 2003 NAV Per Unit. * (`) Birla Sun Life Floating Rate Fund Long Term Plan (%) CRISIL Liquid Fund Index # (%)
NAV as on March 30, 2012: ` 184.2983

CRISIL 1 Year T - Bill Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Floating Rate Fund - Long Term Plan (`) 184298 10948 10663 10797 CRISIL Liquid Fund Index # (`) CRISIL 1 Year T - Bill Index ## (`)
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: Nil ** Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.
10.0000 16.8342 15.7875 14.6216
7.17 9.48 6.63 7.97
6.04 8.44 6.21 3.69
5.03 6.59 3.86 3.08
16785 10844 10621 10369
15424 10659 10386 10308
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 71. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
Other Parameter Modified Duration: Yield to Maturity: Mark to Market: Standard Deviation:
0.35 years 10.25% 45% 0.51%

Issuer
IDBI Bank Ltd. Power Finance Corporation Ltd. Syndicate Bank Vijaya Bank Andhra Bank
% to net Assets
7.69% 7.48% 7.35% 7.12% 6.97%
Rating
CRISIL A1+ CRISIL AAA CARE A1+ CARE A1+ CARE A1+
Issuer
Canara Bank Corporation Bank Bank of India Axis Bank Ltd. Tata Motors Finance Ltd.
% to net Assets
Rating
6.96% CRISIL A1+ 6.95% CRISIL A1+ 6.93% CRISIL A1+ 4.65% CRISIL A1+ 4.47% [ICRA] A1+
13
Birla Sun Life Floating Rate Fund - Short Term Plan

What is it? A fund that provides the convenience of parking your savings with an opportunity to earn higher post-tax returns. (Investors are advised to consult their tax advisor in view of individual nature of tax benefits.)
Fund Details
Fund Manager: Mr. Kaustubh Gupta & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 5 years & 7 years Date of inception: June 05, 2003 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options (`)^ Retail Plan Growth: 179.4702 Daily Dividend: 100.0150 Weekly Dividend: 103.9078 Institutional Plan Growth: 144.8795 Daily Dividend: 100.0200 Weekly Dividend: 100.2380 ^The Face Value per unit of all the plans/ options under Birla Sun Life Floating Rate Fund Short Term Plan has been changed from `.10/- to `.100/- effective from October 07, 2011
Since inception till March 30, 2012 (CAGR) March 31, 2011 to March 30, 2012 (Absolute) March 31, 2010 to March 31, 2011 (Absolute) March 31, 2009 to March 31, 2010 (Absolute) 10.0000 16.1324 15.1285 14.4363
SAVINGS SOLUTIONS
Low-Medium Risk
1 day +
High Liquidity
As on May 31, 2012

3.56% 0.08%
25.19%
71.17% AAA Cash & Current Assets Other AA

Date of Inception: June 05, 2003 NAV Per Unit. * (`) Birla Sun Life Floating Rate Fund Short Term Plan (%) CRISIL Liquid Fund Index # (%)
NAV as on March 30, 2012: ` 176.4399

CRISIL 1 Year T - Bill Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Floating Rate Fund - Short Term Plan (`) 176440 10937 10664 10479 CRISIL Liquid Fund Index # (`) CRISIL 1 Year T - Bill Index ## (`)
6.65 9.37 6.64 4.79
6.04 8.44 6.21 3.69
5.03 6.59 3.86 3.08
16785 10844 10621 10369
15424 10659 10386 10308
Benchmark:
CRISIL Liquid Fund Index
Load Structure (as % of NAV) Entry Load: Nil Exit Load**: Nil ** Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: Yield to Maturity: Mark to Market: Standard Deviation:
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Kaustubh Gupta is 71. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
0.09 years 10.25% 0% 0.60%

Issuer
IDBI Bank Ltd. Indian Oil Corporation Ltd. National Housing Bank Axis Bank Ltd. Infrastructure Development Finance Company Ltd.
% to net Assets
8.80% 4.61% 3.83% 3.56% 3.45%
Rating
[ICRA] A1+ CRISIL A1+ [ICRA] A1+ [ICRA] A1+
Issuer
Karnataka Bank Ltd. Fullerton India Credit Co. Ltd. Reliance Capital Ltd. Dewan Housing Finance Corporation Ltd. Indiabulls Financial Services Ltd.
% to net Assets
2.80% 2.79% 2.79% 2.78% 2.75%
Rating
[ICRA] A1+ [ICRA] A1+ CRISIL A1+ CRISIL A1+ CRISIL A1+
14
Birla Sun Life Gilt Plus

What is it? A fund that aims to generate income and capital appreciation by investing exclusively in Government Securities.
SAVINGS SOLUTIONS
1 yr +
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: NAV of Plans / Options (`) Liquid Plan Growth: Dividend: Annual Dividend Option: PF Plan Growth: Dividend: Regular Plan Growth: Dividend: Benchmark: Liquid Plan: PF Plan: Regular Plan: Mr. Prasad Dhonde July 01, 2011 11 years October 12, 1999 An Open-ended Government Securities Scheme
Liquid Plan
Rating Profile of Portfolio PF Plan
Regular Plan
19.08%
40.83%
10.30%
24.3868 10.7637 10.3185 28.1956 11.2341 34.4030 12.4069 I-Sec SI-BEX I-Sec LI-BEX I-Sec LI-BEX
80.92%
59.17%
89.70%
Sovereign
Sovereign
Sovereign
Investment Performance - Liquid Plan - Growth

Date of Inception: Oct 12, 1999 NAV Per Unit. * (`) Birla Sun I-Sec SI-BEX Life Gilt Plus# (%) Liquid Plan (%)
NAV as on March 30, 2012: ` 24.0657

CRISIL 1 Year T-Bill Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun I-Sec SI-BEX CRISIL 1 Year Life Gilt # (`) T-Bill Index Plus - Liquid ## (`) Plan (`) 24066 10747 10719 10343 N/A 10739 10490 10610 N/A 10659 10386 10308
Load Structure (as % of NAV) (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% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: Liquid Plan: 0.06 years PF Plan: 2.75 years Regular Plan: 6.95 years Yield to Maturity: Liquid Plan: 8.05% PF Plan: 8.06% Regular Plan: 8.45% Mark to Market: Liquid Plan: 80% PF Plan: 40% Regular Plan: 89% Standard Deviation: Liquid Plan: 1.06% PF Plan: 2.72% Regular Plan: 2.86%
10.0000 22.3923 20.8910 20.1975
7.29 7.47 7.19 3.43
N/A 7.39 4.90 6.10
N/A 6.59 3.86 3.08
Investment Performance - PF Plan - Growth

Date of Inception: Oct 12, 1999 NAV Per Unit. * (`) Birla Sun Life Gilt Plus- PF Plan (%) I-Sec LI-BEX # (%)
NAV as on March 30, 2012: ` 27.4642

CRISIL 10 Year Gilt Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun I-Sec LI-BEX CRISIL 10 Life Gilt # (`) Year Plus- PF Gilt Index Plan (`) ## (`) 27464 10990 10435 10309 N/A 10630 10741 10309 N/A 10243 10461 10360
10.0000 24.9910 23.9500 23.2325
8.43 9.90 4.35 3.09
N/A 6.30 7.41 3.09
N/A 2.43 4.61 3.60
Investment Performance - Regular Plan - Growth

Date of Inception: Oct 12, 1999 NAV Per Unit. * (`) Birla Sun Life Gilt Plus Regular Plan (%) I-Sec LI-BEX # (%)
NAV as on March 30, 2012: ` 33.8581

CRISIL 10 Year Gilt Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun I-Sec LI-BEX CRISIL 10 Life Gilt # (`) Year PlusGilt Index Regular ## (`) Plan (`) 33858 10583 10431 10266 N/A 10630 10741 10309 N/A 10243 10461 10360
10.0000 31.9940 30.6708 29.8761
10.27 5.83 4.31 2.66
N/A 6.30 7.41 3.09
N/A 2.43 4.61 3.60
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of
dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Prasad Dhonde is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
Note:
Top Portfolio Holdings - Regular Plan

% to net Assets
89.70% 10.30%
Standard Deviation is calculated on annualised basis using 3 Issuer year history of monthly returns, source: MFI Explorer. 9.15% GOI 14Nov2024
Rating
Sovereign
Top Portfolio Holdings - Liquid Plan

Issuer
91 D TBills 29Jun12 Cash & Current Assets
Top Portfolio Holdings - PF Plan

% to net Assets
80.92% 19.08%
Rating
Sovereign
Issuer
9.12% Guj SDL 23May22 8.24% GOVT.STOCK 2018 Cash & Current Assets
% to net Assets
20.56% 20.27% 59.17%
Rating
Sovereign Sovereign
15
Birla Sun Life Government Securities Fund

What is it? A fund that aims to generate current income consistent with the portfolio invested exclusively in Government Securities.
SAVINGS SOLUTIONS
1 yr +
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Maneesh Dangi June 18, 2009 11 years October 28, 1999 An Open-ended Gilt Scheme NAV of Plans / Options (`) Long Term Plan Growth: 31.3986 Half Yearly Dividend: 11.6133 Short Term Plan Retail Plan Growth: 20.7121 Daily Dividend: 10.0031 Institutional Plan Daily Dividend: 10.0000 Benchmark: Long Term Plan: I-Sec LI-BEX Short Term Plan: I-Sec SI-BEX Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: Long Term Plan: 1% if redeemed / switched out within 365 days from the date of allotment. Short Term Plan: Nil **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: Long Term Plan: Short Term Plan: Yield to Maturity: Long Term Plan: Short Term Plan: Mark to Market: Long Term Plan: Short Term Plan: Standard Deviation: Long Term Plan: Short Term Plan:
Rating Profile of Portfolio Long Term Plan Short Term Plan
49.57%
27.95%
50.43% Sovereign Cash & Current Assets Sovereign
72.05% Cash & Current Assets
Investment Performance - Long Term Plan - Growth

Date of Inception: Oct 28, 1999 NAV Per Unit. * (`) Birla Sun Life Government Securities Fund - Long Term Plan (%) I-Sec LIBEX # (%)
NAV as on March 30, 2012: ` 30.7794

CRISIL 10 Year Gilt Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Government Securities Fund - Long Term Plan (`) 30779 10834 10936 11083 I-Sec LIBEX # (`) CRISIL 10 Year Gilt Index ## (`)
10.0000 28.4104 25.9777 23.4401
9.51 8.34 9.36 10.83
N/A 6.30 7.41 3.09
N/A 2.43 4.61 3.60
N/A 10630 10741 10309
N/A 10243 10461 10360
Investment Performance - Short Term Plan - Retail Growth NAV as on March 30, 2012: ` 20.4556
Date of Inception: Oct 28, 1999
2.89 years 0.00 years 8.40% 8.05% 51% 72% 2.92% 0.71%
NAV Per Unit. * (`)
Birla Sun Life Government Securities Fund - Short Term Plan (%)
I-Sec SIBEX # (%)
CRISIL 1 Year T - Bill Index ## (%)
Value of Standard Investment of ` 10000 in Birla Sun Life Government Securities Fund - Short Term Plan (`) 20456 10698 10573 10262 I-Sec SI-BEX # (`) CRISIL 1 Year T - Bill Index ## (`)
10.0000 19.1207 18.0848 17.6239
5.92 6.98 5.73 2.62
N/A 7.39 4.90 6.10
N/A 6.59 3.86 3.08
N/A 10739 10490 10610
N/A 10659 10386 10308
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Maneesh Dangi is 4. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
Top Portfolio Holdings - Long Term Plan

Issuer
8.79% GOI 08 Nov 2021 91 Days TBills 21 Jun 2012 Cash & Current Assets
Top Portfolio Holdings - Short Term Plan

% to net Assets
37.33% 13.10% 49.57%
Rating
Sovereign Sovereign
Issuer
91 Day T-Bill 29 Jun 2012 Cash & Current Assets
% to net Assets
72.05% 27.95%
Rating
Sovereign
16
Birla Sun Life Enhanced Arbitrage Fund

What is it? A fund that aims to generate income by investing in equity and equity related instruments and take advantage of the price differentials or mis-pricing prevailing in a stock or index.
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Ajay Garg Dec 05, 2011 15 years July 24, 2009 An Open-ended Equity Scheme
SAVINGS SOLUTIONS
Low-Medium Risk
1 yr +
High Liquidity
As on May 31, 2012

Date of Inception: July 24, 2009 NAV Per Unit. * (`) Birla Sun Life Enhanced Arbitrage Fund (%) CRISIL Liquid Fund Index # (%)
NAV as on March 30, 2012: ` 11.6415

BSE SENSEX ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Enhanced Arbitrage Fund (`) 11642 10749 10590 CRISIL Liquid Fund Index # (`) BSE SENSEX ## (`)
NAV of Plans / Options (`) Retail Plan Growth: 11.7817 Dividend: 11.5055 Institutional Plan Growth: 10.0000 Dividend: 10.0000 Benchmark: CRISIL Liquid Fund Index
Since inception till March 30, 2012 (CAGR) March 31, 2011 to March 30, 2012 (Absolute) March 31, 2010 to March 31, 2011 (Absolute)
10.0000 10.8303 10.2267
5.82 7.49 5.90
6.23 8.44 6.21
4.72 -10.50 10.94
11755 10844 10621
11313 8950 11094
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: For Redemption / Switch-out of units before 90 days from the date of allotment: 0.75%. For Redemption / Switch-out of units on or after 90 days but before 180 days from the date of allotment: 0.50%. For Redemption/ Switch-out of units on or after 180 days from the date of allotment: Nil. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Issuer
Apollo Tyres Ltd. ITC Ltd. Rolta India Ltd. Bajaj Auto Ltd. Pantaloon Retail (India) Ltd.
% to net Assets
14.27% 9.45% 9.03% 7.78% 7.75%
Issuer
Reliance Industries Ltd. Tata Motors Ltd. - DVR Century Textiles and Industries Ltd. Tata Motors DVR Fut Jun 12 Century Textile & Indust Ltd. Fut Jun 12
% to net Assets
7.27% 5.60% 5.59% -5.64% -5.66%
17
Birla Sun Life Short Term Opportunities Fund

What is it? A scheme that focuses on enhancing the portfolio returns by identifying and selectively investing in mispriced credit opportunities in the market.
SAVINGS SOLUTIONS
1 yr +
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Mr. Lokesh Mallya & Ms. Sunaina Da Cunha Managing Fund Since: July 15, 2011 Total Experience: 5 years & 7 years Date of inception: May 09, 2003 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options (`) Retail Plan Growth: 17.0853 Dividend: 11.0617 Weekly Dividend: 10.0544 Institutional Plan Growth: 12.5134 Dividend: 11.3151 Weekly Dividend: 10.4000 Benchmark: CRISIL Liquid Fund Index
11.00% 11.92%
26.07%
51.01% AA Below AA Cash & Current Assets
AAA

Date of Inception: May 09, 2003 NAV Per Unit. * (`)
Birla Sun Life Short Term Opportunities Fund (%) CRISIL Liquid Fund Index # (%)
NAV as on March 30, 2012: ` 16.7181

CRISIL 1 Year T - Bill Index ## (%) Value of Standard Investment of ` 10000 in
Birla Sun Life Short Term Opportunities Fund (`) CRISIL Liquid Fund Index # (`)
CRISIL 1 Year T - Bill Index ## (`)
Load Structure (as % of NAV) (Incl .for SIP) Entry Load: Nil Exit Load**: For redemption / switch-out of units within 365 days from the date of allotment: 0.50% of applicable NAV. ** Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation:
10.0000 15.3041 14.2876 13.3867
5.88 9.24 7.11 6.73
6.03 8.44 6.21 3.69
5.02 6.59 3.86 3.08
16718 10924 10711 10673
16843 10844 10621 10369
15460 10659 10386 10308
0.71%
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Lokesh Mallya is 2. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
Note: Standard Deviation Is calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer.

Issuer
The Federal Bank Ltd. Aditya Birla Finance Ltd. ICICI Bank Ltd. Fullerton India Credit Company Ltd. Coffee Day Resorts Pvt Ltd.
% to net Assets
16.31% 13.26% 13.03% 12.68% 11.92%
Rating
CRISIL A1+ [ICRA] AA [ICRA] A1+ [ICRA] AA+ BWR A+
Issuer
Canara Bank The Jammu & Kashmir Bank Ltd. Oriental Bank of Commerce IDBI Bank Ltd. Standard Chartered Bank
% to net Assets
11.73% 8.18% 0.77% 0.41% 0.41%
Rating
CRISIL A1+ CRISIL A1+ [ICRA] A1+ [ICRA] A1+ CRISIL A1+
18
Regular Income Solutions
What are Regular Income Solutions? Our Regular Income Solutions aim to preserve your money and provide regular income.
Who can benefit from Regular Income Solutions? This is an ideal solutions for investors who are interested in alternative modes of regular income, either in present of after retirement stage, and have low propensity for risk.
(Regular income is not assured & is subject to availability of distributable surplus.)
Benefits of Regular Income Solutions:
They aim to preserve your money & provide regular income: These schemes generally invest in instruments like bonds of reputed Indian companies and securities (bonds) issued by the Government of India which are considered relatively safe in order to generate regular income for you. They aim to fight Inflation: A small part is invested in equity i.e. stocks of Indian companies to help you stay ahead of inflation. Tax-efficient Returns: You may opt for a monthly dividend option where, in addition to the growth of your invested amount, a portion of the same comes to you as monthly income which is given in the form of dividends. These dividends are completely tax-free in your hands! A dividend distribution tax of 13.519% is applicable and is deducted by the fund house.
Investors are advised to consult their tax advisor in view of individual nature of tax benefits. Wherever mentioned, Regular Income / Second Income / Monthly Dividend is not assured and is subject to availability of distributable surplus. The Financial Solution (Regular Income Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.
19
Birla Sun Life Monthly Income

What is it? A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets.
(An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.)
REGULAR INCOME SOLUTIONS
Moderate Returns
Medium Risk
1 yr +
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since: June 18, 2009 Total Experience: 12 years & 11 years Date of inception: July 14, 1999 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options (`) Growth: 38.9372 Monthly Dividend: 11.2314 Quarterly Dividend: 11.7965 Benchmark: CRISIL MIP Blended Index
9.92% 12.60%
27.09% AAA AA Other
50.39% Cash & Current Assets

Date of Inception: July 14, 1999 NAV Per Unit. * (`)
Birla Sun Life Monthly Income (%) CRISIL MIP Blended Index # (%)
NAV as on March 30, 2012: ` 38.9963

CRISIL 10 Year Gilt Index ## (%) Value of Standard Investment of ` 10000 in
Birla Sun Life Monthly Income (`) CRISIL MIP Blended Index # (`)
Load Structure (as % of NAV) (Incl .for SIP) Entry Load: Nil Exit Load**: 1.00% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: Yield to Maturity: (for Debt Component) Mark to Market: Standard Deviation: Sharpe Ratio##: Beta:
CRISIL 10 Year Gilt Index ## (`) N/A 10243 10461 10360
10.0000 36.6220 34.1232 28.6857
11.16 6.48 7.32 18.96
N/A 5.24 6.17 14.25
N/A 2.43 4.61 3.60
38996 10648 10732 11896
N/A 10524 10617 11425
2.64 years 9.52% 90% 2.62% -0.29 0.65
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Satyabrata Mohanty is 22. Total Schemes managed by Mr. Nishit Dholakia is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.31% (91 day T-bill yield as on May 31, 2012).

Issuer
IDBI Bank Ltd. Power Finance Corporation Ltd. Aditya Birla Nuvo Ltd. LIC Housing Finance Ltd. Reliance Utilities & Power Private Ltd.
% to net Assets
17.23% 10.66% 8.49% 7.60% 7.37%
Rating
CRISIL AA+ CRISIL AAA [ICRA] AA+ CRISIL AAA CARE AAA
Issuer
Reliance Ports & Terminals Ltd. Canara Bank Power Grid Corporation of India Ltd. Tata Sons Ltd. Axis Bank Ltd.
% to net Assets
6.93% 6.44% 3.44% 2.56% 2.17%
Rating
CARE AAA CRISIL A1+ CRISIL AAA CRISIL AAA CRISIL A1+
20
Birla Sun Life MIP
(An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.) What is it? A fund that seeks to provide you regular income with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets.
1 yr +
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since: June 18, 2009 Total Experience: 12 years & 11 years Date of inception: November 20, 2000 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options (`) Monthly Growth/ Payment: 28.0858 Monthly Dividend: 11.1697 Benchmark: CRISIL MIP Blended Index

7.45% 12.26% 2.07%
18.36% Sovereign AA Cash & Current Assets AAA Other
59.86%

Date of Inception: Nov 20, 2000 NAV Per Unit. * (`)
Birla Sun Life MIP (%) CRISIL MIP Blended Index # (%)
NAV as on March 30, 2012: ` 28.1016

Birla Sun Life MIP (`) CRISIL MIP Blended Index # (`)
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Since inception till 10.0000 9.48 N/A N/A 28102 N/A N/A March 30, 2012 (CAGR) Exit Load**: 1.00% if redeemed / March 31, 2011 to 26.6051 5.62 5.24 2.43 10562 10524 10243 switched out within 365 March 30, 2012 (Absolute) March 31, 2010 to days from the date of 24.8681 6.98 6.17 4.61 10698 10617 10461 March 31, 2011 (Absolute) allotment. March 31, 2009 to 21.4828 15.76 14.25 3.60 11576 11425 10360 **Exit Load is NIL for units March 31, 2010 (Absolute) issued in Bonus & Dividend # Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends Reinvestment.
CRISIL 10 Year Gilt Index ## (`)
Other Parameter Modified Duration: Yield to Maturity: (for Debt Component) Mark to Market: Standard Deviation: Sharpe Ratio##: Beta:
declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Satyabrata Mohanty is 17. Total Schemes managed by Mr. Nishit Dholakia is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
2.67 years 9.67% 94% 3.06% -0.43 0.80

Issuer
Reliance Ports & Terminals Ltd. IDBI Bank Ltd. Power Finance Corporation Ltd. Power Grid Corporation of India Ltd. LIC Housing Finance Ltd.
% to net Assets
14.65% 13.28% 11.26% 10.88% 9.50%
Rating
CARE AAA CRISIL AA+ CRISIL AAA CRISIL AAA CRISIL AAA
Issuer
Reliance Utilities & Power Private Ltd. Housing Development Finance Corporation Ltd IDBI Bank Ltd. Aditya Birla Nuvo Ltd. 06.90% CGL 2019
% to net Assets
7.19% 4.23% 2.90% 2.18% 2.07%
Rating
CARE AAA CRISIL AAA CRISIL AA+ [ICRA] AA+ Sovereign
21
Birla Sun Life MIP II - Wealth 25 Plan

Moderate Returns
Medium Risk
1 yr +
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Mr. Satyabrata Mohanty & $Mr. Kaustubh Gupta Managing Fund Since: June 18, 2009 Total Experience: 12 years & 5 years Date of inception: May 22, 2004 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options (`) Monthly Growth / Payment: 18.7614 Monthly Dividend: 11.0419 Benchmark: CRISIL MIP Blended Index

24.80% 5.34% 0.87%
25.87% Sovereign AA Cash & Current Assets
43.12% AAA Other

Birla Sun Life MIP II Wealth 25 Plan (%) CRISIL MIP Blended Index # (%)
NAV as on March 30, 2012: ` 18.8820

Birla Sun Life MIP II Wealth 25 Plan (`) CRISIL MIP Blended Index # (`)
CRISIL 10 Year Gilt Index ## (`)
8.51 7.23 3.93 18882 17307 13534 10.0000 Load Structure (as % of NAV) (Incl. for SIP) March 30, 2012 (CAGR) March 31, 2011 to Entry Load: Nil 17.8300 5.90 5.24 2.43 10590 10524 10243 March 30, 2012 (Absolute) Exit Load**: 1% if redeemed/switched March 31, 2010 to 16.8646 5.72 6.17 4.61 10572 10617 10461 out within 365 days from March 31, 2011 (Absolute) March 31, 2009 to the date of allotment. 13.5734 24.25 14.25 3.60 12425 11425 10360 **Exit Load is NIL for units March 31, 2010 (Absolute) # Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. issued in Bonus & Dividend Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends Reinvestment. declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns.
Since inception till
Other Parameter Modified Duration: Yield to Maturity: Mark to Market: Standard Deviation: Sharpe Ratio##: Beta:
Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Satyabrata Mohanty is 22. Total Schemes managed by Mr. Kaustubh Gupta is 71. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
2.60 years 9.67% 94% 4.72% -0.23 1.18
Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.31% (91 day T-bill $ The fund management responsibilities for the scheme has been revised vide addendum no.18/2012 dated April 03, 2012. yield as on May 31, 2012).
Accordingly, the scheme shall be managed jointly by Mr. Satyabrata Mohanty and Mr. Kaustubh Gupta w.e.f April 04, 2012.

Issuer
LIC Housing Finance Ltd. Power Finance Corporation Ltd. Hindalco Industries Ltd. IDBI Bank Ltd. ICICI Bank Ltd.
% to net Assets
13.11% 9.97% 9.72% 7.28% 6.77%
Rating
CRISIL AAA CRISIL AAA CRISIL AA+ CRISIL AA+ [ICRA] A1+
Issuer
IDBI Bank Ltd. Reliance Ports & Terminals Ltd. Power Finance Corporation Ltd. Tata Capital Ltd. Canara Bank
% to net Assets
5.45% 4.86% 4.85% 2.86% 2.36%
Rating
CRISIL AA+ CARE AAA CRISIL AAA CARE AA+ CRISIL A1+
22
Birla Sun Life MIP II - Savings 5 Plan

Moderate Returns
Medium Risk
1 yr +
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Mr. Satyabrata Mohanty & $Mr. Kaustubh Gupta Managing Fund Since: June 18, 2009 Total Experience: 12 years & 5 years Date of inception: May 22, 2004 Nature of the scheme: An Open-ended Income Scheme NAV of Plans / Options (`) Monthly Growth / Payment: 19.2911 Monthly Dividend: 11.4789 Benchmark: CRISIL MIP Blended Index

9.22% 5.69%
17.40%
67.68%
AAA AA Other Cash & Current Assets

Birla Sun Life MIP II - Savings 5 Plan (%) CRISIL MIP Blended Index # (%)
NAV as on March 30, 2012: ` 19.1347

Birla Sun Life MIP II - Savings 5 Plan (`) CRISIL MIP Blended Index # (`)
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load** : 1% if redeemed/switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Modified Duration: Yield to Maturity: (for Debt Component) Mark to Market: Standard Deviation: Sharpe Ratio##: Beta:
CRISIL 10 Year Gilt Index ## (`) 13534 10243 10461 10360
10.0000 17.5357 16.5218 14.8128
8.61 9.12 6.14 11.54
7.23 5.24 6.17 14.25
3.93 2.43 4.61 3.60
19135 10912 10614 11154
17307 10524 10617 11425
2.19 years 9.72% 94% 1.50% -0.74 0.34
declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Satyabrata Mohanty is 22. Total Schemes managed by Mr. Kaustubh Gupta is 71. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.31% (91 day T-bill $ The fund management responsibilities for the scheme has been revised vide addendum no.18/2012 dated April 03, 2012. yield as on May 31, 2012).
Accordingly, the scheme shall be managed jointly by Mr. Satyabrata Mohanty and Mr. Kaustubh Gupta w.e.f April 04, 2012.

Issuer
Power Finance Corporation Ltd. IDBI Bank Ltd. Reliance Utilities & Power Private Ltd. Canara Bank Reliance Capital Ltd.
% to net Assets
16.11% 15.56% 12.35% 11.04% 7.78%
Rating
CRISIL AAA CRISIL AA+ CARE AAA CRISIL A1+ CARE AAA
Issuer
Punjab National Bank Tata Sons Ltd. Axis Bank Ltd. LIC Housing Finance Ltd. LIC Housing Finance Ltd.
% to net Assets
5.83% 4.66% 3.55% 3.12% 1.88%
Rating
CARE A1+ CRISIL AAA CRISIL A1+ CARE AAA CRISIL AAA
23
Wealth Creation Solutions
What are Wealth Creation Solutions? Our Wealth Creation Solutions aim to grow your money through equity/ gold investments and are available in a range of conservative to aggressive options.
Who can benefit from Wealth Creation Solutions? Equity may be considered as an ideal option to give attractive long term returns and hence may be used for funding longterm needs (like childs education, buying a home etc.)
Benefits of Wealth Creation Solutions:
Tax Free Returns: No capital gains tax (on withdrawal) if you stay invested for over a year as per current tax laws. Invest in the long-term to overcome short-term ups and downs. Risk is lowered: Mutual funds invest in many companies and funds are managed by experts; which can be considered as an alternative to direct investment in shares.
Investors are requested to consult their tax advisor before investing for individual nature of tax benefit. The Financial Solution (Wealth Creation Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.
24
Birla Sun Life Equity Fund

What is it? A Diversified Equity Fund that looks for opportunities without any sectoral or market cap bias with the aim to give you long term growth of capital.
High Returns High Risk
WEALTH CREATION SOLUTIONS
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Mahesh Patil November 17, 2005 20 years August 27, 1998 An Open-ended Growth Scheme

Date of Inception: Aug 27,1998 NAV Per Unit. * (`) Birla Sun Life Equity Fund (%) BSE 200 # (%)
NAV as on March 30, 2012: ` 236.56

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Equity Fund (`) 236560 9096 10283 20209 BSE 200 # (`) S&P CNX Nifty ## (`)
NAV of Plans / Options (`) Growth: 220.23 Dividend: 55.47 Benchmark: BSE 200
10.00 260.06 252.91 125.15
26.05 -9.04 2.83 102.09
15.09 -9.28 8.15 92.87
13.78 -9.23 11.14 73.76
67619 9072 10815 19287
57,898 9077 11114 17376
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mahesh Patil is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 1% if redeemed switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation: 19.14% Sharpe Ratio##: -0.22 Beta: 0.91
Note: Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.31% (91 day T-bill yield as on May 31, 2012).

Issuer
ICICI Bank Ltd. ITC Ltd. Reliance Industries Ltd. Infosys Ltd. State Bank of India
% to net Assets
4.97% 4.10% 3.72% 3.55% 3.47%
Issuer
Tata Consultancy Services Ltd. Larsen & Toubro Ltd. Dr. Reddys Laboratories Ltd. Housing Development Finance Corporation Ltd. Torrent Pharmaceuticals Ltd.
% to net Assets
3.30% 3.29% 3.20% 2.53% 2.52%
25
Birla Sun Life Advantage Fund

What is it? A Diversified Equity Fund that aims to achieve long-term growth of capital, at relatively moderate levels of risk through a research-based investment approach.
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Satyabrata Mohanty October 17, 2011 12 years February 24, 1995 An Open-ended Growth Scheme NAV of Plans / Options (`) Growth: 130.23 Dividend: 62.70 Benchmark: BSE SENSEX

Date of Inception: Feb 24, 1995 NAV Per Unit. * (`) Birla Sun Life Advantage Fund (%)
NAV as on March 30, 2012: ` 141.39

BSE SENSEX # (%) S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Advantage Fund (`) 141390 8965 10454 19671 BSE SENSEX # (`) 50462 8950 11094 18054 S&P CNX Nifty ## (`)
10.00 157.71 150.86 76.69
18.52 -10.35 4.54 96.71
9.92 -10.50 10.94 80.54
10.00 -9.23 11.14 73.76
51040 9077 11114 17376
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 0.50% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation: Sharpe Ratio##: Beta:
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Satyabrata Mohanty is 22. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
19.08% -0.34 0.89

Issuer
ICICI Bank Ltd. Larsen & Toubro Ltd. HDFC Bank Ltd. State Bank of India Tata Motors Ltd. - DVR
% to net Assets
6.53% 4.82% 4.43% 4.33% 3.89%
Issuer
ITC Ltd. HCL Technologies Ltd. Dr. Reddy's Laboratories Ltd. Tata Consultancy Services Ltd. Axis Bank Ltd.
% to net Assets
3.39% 3.23% 3.22% 2.96% 2.83%
26
Birla Sun Life Midcap Fund

What is it? A fund that provides an opportunity to invest in midsized companies which can be potential leaders of tomorrow.
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Sanjay Chawla September 12, 2007 22 years October 03, 2002 An Open-ended Growth Scheme

Date of Inception: Oct 03, 2002 NAV Per Unit. * (`) Birla Sun Life Midcap Fund (%)
NAV as on March 30, 2012: ` 104.40

CNX Midcap # (%) S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Midcap Fund (`) 104400 9899 9895 24631 CNX Midcap # (`) 85442 9591 10435 22612 S&P CNX Nifty ## (`)
NAV of Plans / Options (`) Growth: 96.40 Dividend: 19.55 Benchmark: CNX Midcap
10.00 105.46 106.58 43.27
28.18 -1.01 -1.05 146.31
25.35 -4.09 4.35 126.12
19.79 -9.23 11.14 73.76
55538 9077 11114 17376
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation: Sharpe Ratio##: Beta:
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
19.65% 0.06 0.84
Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns,source: MFI Explorer ## Risk-free rate assumed to be 8.31% (91 day T-bill yield as on May 31, 2012).

Issuer
Divis Laboratories Ltd. Bata India Ltd. Glaxosmithkline Consumer Healthcare Ltd. Torrent Pharmaceuticals Ltd. Cadila Healthcare Ltd.
% to net Assets
4.64% 3.64% 3.61% 3.35% 3.23%
Issuer
Solar Industries India Ltd. Yes Bank Ltd. LIC Housing Finance Ltd. Castrol India Ltd. IndusInd Bank Ltd.
% to net Assets
3.19% 3.08% 2.73% 2.73% 2.58%
27
Birla Sun Life Frontline Equity Fund

What is it? A diversified equity fund that invests across sectors in line with BSE200 Index, with a bias for large caps but not exclusively focused on them.
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Mahesh Patil November 17, 2005 20 years August 30, 2002 An Open-ended Growth Scheme

Date of Inception: Aug 30, 2002 NAV Per Unit. * (`) Birla Sun Life Frontline Equity Fund (%) BSE 200 # (%)
NAV as on March 30, 2012: ` 83.07

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Frontline Equity Fund (`) 83070 9240 11132 19507 BSE 200 # (`) S&P CNX Nifty ## (`)
10.00 89.90 80.76 41.40
25.84 -7.60 11.32 95.07
20.74 -9.28 8.15 92.87
19.45 -9.23 11.14 73.76
60931 9072 10815 19287
54977 9077 11114 17376
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Load Structure (as % of NAV) (Incl. for SIP) Total Schemes managed by Mr. Mahesh Patil is 5. Refer annexure on page no. 52 to know more on performance of schemes Entry Load: Nil managed by Fund Manager. Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.
Other Parameter Standard Deviation: Sharpe Ratio##: Beta:
17.68% -0.04 0.86
Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.31% (91 day T-bill yield as on May 31, 2012).

Issuer
ICICI Bank Ltd. ITC Ltd. Infosys Ltd. Reliance Industries Ltd. Larsen & Toubro Ltd.
% to net Assets
5.17% 5.07% 4.66% 4.38% 3.79%
Issuer
Dr. Reddys Laboratories Ltd. State Bank of India Tata Consultancy Services Ltd. Bharti Airtel Ltd. Bosch Ltd.
% to net Assets
3.55% 3.17% 3.13% 2.84% 2.62%
28
Birla Sun Life Infrastructure Fund

What is it? A fund that seeks to participate in growth and development of infrastructure in India by investing in equity and equity related securities of companies in the infra sector.
Fund Details
Fund Manager: Mr. Mahesh Patil & Mr. Naysar Shah Managing Fund Since: Since inception & Dec 05, 2011 Total Experience: 20 years & 12 years Date of inception: March 17, 2006 Nature of the scheme: An Open-ended Growth Scheme NAV of Plans / Options (`) Growth: 13.08 Dividend: 9.01 Benchmark: S&P CNX Nifty
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012

Date of Inception: Mar 17, 2006 NAV Per Unit. * (`) Birla Sun Life Infrastructure Fund (%) S&P CNX Nifty # (%)
NAV as on March 30, 2012: ` 14.51

BSE SENSEX ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Infrastructure Fund (`) S&P CNX Nifty # (`) BSE SENSEX ## (`)
10.00 16.39 16.86 8.08
6.36 -11.47 -2.79 108.66
8.51 -9.23 11.14 73.76
8.12 -10.50 10.94 80.54
14510 8853 9721 20866
16374 9077 11114 17376
16026 8950 11094 18054
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Mahesh Patil is 5. Total Schemes managed by Mr. Naysar Shah is 2. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
21.26% -0.43 0.93

Issuer
ICICI Bank Ltd. Larsen & Toubro Ltd. Cummins India Ltd. The Federal Bank Ltd. Bharti Airtel Ltd.
% to net Assets
8.73% 5.42% 5.24% 3.55% 3.50%
Issuer
Reliance Industries Ltd. HDFC Bank Ltd. IndusInd Bank Ltd. Tata Motors Ltd. - DVR Sadbhav Engineering Ltd.
% to net Assets
3.45% 3.44% 2.84% 2.77% 2.53%
29
Birla Sun Life India GenNext Fund

What is it? A Fund that strives to benefit from the rising consumption pattern in India, fuelled by high disposable incomes of the young generation (Generation Next).
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Sanjay Chawla September 12, 2007 22 years August 05, 2005 An Open-ended Growth Scheme
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012

Date of Inception: Aug 05, 2005 NAV Per Unit. * (`) Birla Sun Life India GenNext Fund (%) S&P CNX Nifty # (%)
NAV as on March 30, 2012: ` 25.07

BSE SENSEX ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life India GenNext Fund (`) 25070 10609 11521 17178 S&P CNX Nifty # (`) BSE SENSEX ## (`) 22445 8950 11094 18054
NAV of Plans / Options (`) Growth: 24.46 Dividend: 13.80 Benchmark: S&P CNX Nifty
10.00 23.63 20.51 11.94
14.81 6.09 15.21 71.78
12.90 -9.23 11.14 73.76
12.92 -10.50 10.94 80.54
22427 9077 11114 17376
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
17.48% 0.41 0.72

Issuer
HDFC Bank Ltd. Castrol India Ltd. Sun Pharmaceutical Industries Ltd. Nestle India Ltd. Cadila Healthcare Ltd.
% to net Assets
4.46% 3.85% 3.74% 3.36% 3.30%
Issuer
Bata India Ltd. Page Industries Ltd. Hindustan Unilever Ltd. ICICI Bank Ltd. IPCA Laboratories Ltd.
% to net Assets
3.11% 3.06% 2.83% 2.80% 2.64%
30
Birla Sun Life New Millennium Fund

What is it? A thematic fund that invests in companies related to the IT sector like hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies.
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Atul Penkar September 12, 2007 11 years January 15, 2000 An Open-ended Growth Scheme
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012

Date of Inception: Jan 15, 2000 NAV Per Unit. * (`) Birla Sun Life New Millennium Fund (%)
NAV as on March 30, 2012: ` 18.65

BSE Teck # (%) S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life New Millennium Fund (`) 18650 9192 10833 20359 BSE Teck # (`) S&P CNX Nifty ## (`)
NAV of Plans / Options (`) Growth: 17.50 Dividend: 11.43 Benchmark: BSE Teck
10.00 20.29 18.73 9.20
1.66 -8.08 8.33 103.59
N/A -7.62 17.56 77.61
9.79 -9.23 11.14 73.76
N/A 9238 11756 17761
31286 9077 11114 17376
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
19.99% 0.03 0.91

Issuer
Infosys Ltd. Tata Consultancy Services Ltd. Bharti Airtel Ltd. Hexaware Technologies Ltd. Oracle Financial Services Software Ltd.
% to net Assets
32.16% 20.74% 11.88% 7.64% 5.69%
Issuer
MindTree Ltd. Wipro Ltd. HCL Technologies Ltd. Dish TV India Ltd. OnMobile Global Ltd.
% to net Assets
5.28% 3.79% 3.23% 2.47% 1.32%
31
Birla Sun Life Top 100 Fund

What is it? A large cap focused fund that invests in equity and equity related securities of top 100 companies in India as measured by market capitalization.
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Mahesh Patil July 29, 2010 20 years October 24, 2005 An Open-ended Growth Scheme

Date of Inception: Oct 24, 2005 NAV Per Unit. * (`) Birla Sun Life Top 100 Fund (%)
NAV as on March 30, 2012: ` 22.1168

S&P CNX Nifty # (%) BSE SENSEX ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Top 100 Fund (`) 22117 9558 11285 17709 S&P CNX Nifty # (`) BSE SENSEX ## (`) 21839 8950 11094 18054
10.00 23.14 20.50 11.58
13.14 -4.42 12.85 77.09
13.03 -9.23 11.14 73.76
12.90 -10.50 10.94 80.54
22002 9077 11114 17376
Load Structure (as % of NAV) (Incl .for SIP) Total Schemes managed by Mr. Mahesh Patil is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager. Entry Load: Nil Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns.
18.31% -0.01 0.85

Issuer
ICICI Bank Ltd. ITC Ltd. State Bank of India Larsen & Toubro Ltd. Infosys Ltd.
% to net Assets
5.71% 5.21% 4.41% 3.63% 3.52%
Issuer
Reliance Industries Ltd. Tata Consultancy Services Ltd. Dr. Reddy's Laboratories Ltd. Bharti Airtel Ltd. Axis Bank Ltd.
% to net Assets
3.22% 3.20% 2.96% 2.94% 2.57%
32
Birla Sun Life Buy India Fund

What is it? An equity fund aiming to capitalize on the growth opportunities provided by companies that are driven by Indias large population and consumption patterns.
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Ajay Garg September 12, 2007 15 years January 15, 2000 An Open-ended Growth Scheme
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012

Date of Inception: Jan 15, 2000 NAV Per Unit. * (`) Birla Sun Life Buy India Fund (%) BSE 200 # (%)
NAV as on March 30, 2012: ` 39.04

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Buy India Fund (`) 39040 9728 10902 19748 BSE 200 # (`) S&P CNX Nifty ## (`)
10.00 40.13 36.81 18.64
11.46 -2.72 9.02 97.48
9.33 -9.28 8.15 92.87
9.79 -9.23 11.14 73.76
29719 9072 10815 19287
31286 9077 11114 17376
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 0.50% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation: Sharpe Ratio##: Beta:
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
19.73% 0.11 0.87

Issuer
Housing Development Finance Corporation Ltd. GlaxoSmithKline Pharmaceuticals Ltd. Bata India Ltd. Bayer Cropscience Ltd. Rallis India Ltd.
% to net Assets
6.11% 4.42% 3.86% 3.79% 3.75%
Issuer
ING Vysya Bank Ltd. Mahindra & Mahindra Ltd. Hindustan Unilever Ltd. Shoppers Stop Ltd. Wyeth Ltd.
% to net Assets
3.63% 3.59% 3.53% 3.52% 3.50%
33
Birla Sun Life MNC Fund

What is it? The fund that invests in securities of multinational companies in order to achieve long-term growth of capital with relatively moderate levels of risk.
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Ajay Garg June 18, 2009 15 years December 27, 1999 An Open-ended Growth Scheme

Date of Inception: Dec 27, 1999 NAV Per Unit. * (`) Birla Sun Life MNC Fund (%)
NAV as on March 30, 2012: ` 230.29

CNX MNC # (%) S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life MNC Fund (`) 230290 11233 11628 20176 CNX MNC # (`) S&P CNX Nifty ## (`) 36978 9077 11114 17376
NAV of Plans / Options (`) Growth: 221.80 Dividend: 78.72 Benchmark: CNX MNC
36.11 205.01 176.30 87.38
16.31 12.33 16.28 101.76
9.40 9.84 0.74 83.26
11.25 -9.23 11.14 73.76
30109 10984 10074 18326
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation: Sharpe Ratio##: Beta:
17.17% 0.98 0.89

Issuer
ICRA Ltd. ING Vysya Bank Ltd. Honeywell Automation India Ltd. Bosch Ltd. CRISIL Ltd.
% to net Assets
6.64% 5.61% 5.38% 4.77% 4.66%
Issuer
Hindustan Unilever Ltd. Bayer Cropscience Ltd. Oracle Financial Services Software Ltd. Maruti Suzuki India Ltd. Colgate-Palmolive (India) Ltd.
% to net Assets
4.61% 4.57% 3.92% 3.79% 3.75%
34
Birla Sun Life Index Fund

What is it? A fund that is designed to mirror the market performance of the 50 companies in the Nifty Index.
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Ajay Garg October 01, 2006 15 years September 18, 2002 An Open-ended Index Linked Growth Scheme

Date of Inception: Sept 18, 2002 NAV Per Unit. * (`) Birla Sun Life Index Fund (%) S&P CNX Nifty # (%)
NAV as on March 30, 2012: ` 51.9008

BSE SENSEX ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Index Fund (`) 51901 8989 11070 17217 S&P CNX Nifty # (`) BSE SENSEX ## (`) 57562 8950 11094 18054
10.00 57.74 52.16 30.30
18.87 -10.11 10.70 72.17
19.45 -9.23 11.14 73.76
20.14 -10.50 10.94 80.54
54471 9077 11114 17376
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 0.50% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation:
20.59%
Note: Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer.

Issuer
Nifty Future June 12 ITC Ltd. Reliance Industries Ltd. Infosys Ltd. Housing Development Finance Corporation Ltd.
% to net Assets
7.57% 7.38% 7.11% 6.99% 5.77%
Issuer
HDFC Bank Ltd. ICICI Bank Ltd. Tata Consultancy Services Ltd. Larsen & Toubro Ltd. State Bank of India
% to net Assets
5.44% 5.39% 3.77% 3.76% 3.16%
35
Birla Sun Life India Opportunities Fund

What is it? A fund that allows investors to participate in Indias global outsourcing theme by identifying companies that seek to utilize Indias low cost and high quality resources to service the needs of global customers.
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Atul Penkar September 12, 2007 11 years December 27, 1999 An Open-ended Growth Scheme NAV of Plans / Options (`) Growth: 48.03 Dividend: 15.18 Benchmark: S&P CNX 500
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012

Date of Inception: Dec 27, 1999 NAV Per Unit. * (`) Birla Sun Life India Opportunities Fund (%) 6.19 -8.33 3.47 126.02 S&P CNX 500 # (%)
NAV as on March 30, 2012: ` 49.52

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life India Opportunities Fund (`) 49520 9167 10347 22602 S&P CNX 500 # (`) 36635 9125 10726 18795 S&P CNX Nifty ## (`) 36978 9077 11114 17376
23.70 54.02 52.21 23.10
11.17 -8.75 7.26 87.95
11.25 -9.23 11.14 73.76
Load Structure (as % of NAV) (Incl. for SIP) free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 52 to know more on performance of schemes Entry Load: Nil managed by Fund Manager. Exit Load**: 0.50% if redeemed / switched out within 7 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation: Sharpe Ratio##: Beta:
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax
19.38% 0.15 0.86

Issuer
Hexaware Technologies Ltd. MindTree Ltd. Cummins India Ltd. Oracle Financial Services Software Ltd. Infosys Ltd.
% to net Assets
9.41% 6.30% 6.15% 5.99% 5.47%
Issuer
CRISIL Ltd. Honeywell Automation India Ltd. Wipro Ltd. Tata Consultancy Services Ltd. Infotech Enterprises Ltd.
% to net Assets
5.34% 4.87% 4.18% 3.87% 3.75%
36
Birla Sun Life Dividend Yield Plus

What is it? A fund that invests in high dividend paying companies across market cap which typically have steady cash flow generation.
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Nishit Dholakia January 24, 2011 11 years February 26, 2003 An Open-ended Growth Scheme

Date of Inception: Feb 26, 2003 NAV Per Unit. * (`) Birla Sun Life Dividend Yield Plus (%) S&P CNX 500 # (%)
NAV as on March 30, 2012: ` 86.12

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Dividend Yield Plus (`) 86120 10159 11633 20309 S&P CNX 500 # (`) S&P CNX Nifty ## (`)
NAV of Plans / Options (`) Growth: 79.17 Dividend: 11.87 Benchmark: S&P CNX 500
10.00 84.77 72.87 35.88
26.56 1.59 16.33 103.09
20.79 -8.75 7.26 87.95
19.44 -9.23 11.14 73.76
55733 9125 10726 18795
50317 9077 11114 17376
Load Structure (as % of NAV) (Incl. for SIP) free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Nishit Dholakia is 5. Refer annexure on page no. 52 to know more on performance of Entry Load: Nil schemes managed by Fund Manager. Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation: Sharpe Ratio##: Beta:
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax
17.19% 0.39 0.79

Issuer
ITC Ltd. Oil & Natural Gas Corporation Ltd. Bajaj Auto Ltd. Tata Motors Ltd. - DVR Glaxosmithkline Consumer Healthcare Ltd.
% to net Assets
4.02% 3.06% 2.84% 2.83% 2.70%
Issuer
Hero MotoCorp Ltd. Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd. Oriental Bank of Commerce Hexaware Technologies Ltd.
% to net Assets
2.44% 2.33% 2.24% 2.10% 2.09%
37
Birla Sun Life 95 Fund

What is it? A fund that seeks to achieve long-term growth of your investment at moderate levels of risk by striking a balance between potential growth of equity and relative safety of debt.
Fund Details
Fund Manager: Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since: June 18, 2009 Total Experience: 12 years & 11 years Date of inception: February 10, 1995 Nature of the scheme: An Open-ended Balanced Scheme NAV of Plans / Options (`) Growth: 290.36 Dividend: 94.55 Benchmark: CRISIL Balanced Fund Index
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012
Rating Profile of portfolio

8.36% 0.58%
8.55%
16.15% 66.36% Other Cash & Current Assets Sovereign AA AAA

Date of Inception: Feb 10, 1995 NAV Per Unit. * (`) Birla Sun Life 95 Fund (%) CRISIL Balanced Fund Index # (%)
NAV as on March 30, 2012: ` 305.72

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life 95 Fund (`) 305720 9745 11322 17763 CRISIL Balanced Fund Index # (`) N/A 9683 10937 14731 S&P CNX Nifty ## (`)
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation: 12.62% Sharpe Ratio##: 0.10 Beta: 0.89
10.00 313.71 277.09 155.99
22.65 -2.55 13.22 77.63
N/A -3.17 9.37 47.31
10.32 -9.23 11.14 73.76
53848 9077 11114 17376
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 5. Total Schemes managed by Mr. Satyabrata Mohanty is 17. Total Schemes managed by Mr. Nishit Dholakia is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.

Issuer
IDBI Bank Ltd. Hindalco Industries Ltd. ICICI Bank Ltd. Power Finance Corporation Ltd. ITC Ltd.
% to net Assets
10.43% 4.93% 4.28% 3.94% 3.74%
Rating
CRISIL AA+ CRISIL AA+ CRISIL AAA
Issuer
LIC Housing Finance Ltd. Tata Consultancy Services Ltd. HDFC Bank Ltd. Infosys Ltd. Yes Bank Ltd.
% to net Assets
3.35% 3.07% 3.00% 2.83% 2.44%
Rating
CRISIL AAA
38
Birla Sun Life Asset Allocation Fund

What is it? An open ended Fund-of-Funds scheme with 3 plans to help you plan your investments to suit your risk profile.
Moderate Returns
Medium-High Risk 3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Satyabrata Mohanty June 18, 2009 12 years February 24, 2004 An Open-ended Fund of Funds Scheme
Investment Performance - Aggressive Plan - Growth

Date of Inception: Feb 24, 2004 NAV Per Unit. * (`) Birla Sun Life AAF Aggressive Plan (%)
NAV as on March 30, 2012: ` 32.8314
S&P CNX BSE SENSEX Value of Standard Investment of ` 10000 in Nifty # (%) ## (%) Birla Sun S&P CNX BSE SENSEX Life AAF Nifty # (`) ## (`) Aggressive Plan (`) 13.97 -9.23 11.14 73.76 14.53 -10.50 10.94 80.54 32831 9624 10682 17793 28854 9077 11114 17376 30009 8950 11094 18054
NAV of Plans / Options (`) Aggressive Plan Growth: 31.3362 Dividend: 31.3362 Conservative Plan Growth: 21.5776 Dividend: 21.5776 Moderate Plan Growth: 27.5991 Dividend: 27.5991 Benchmark: Aggressive Plan: S&P CNX Nifty Moderate Plan: CRISIL Balanced Fund Index Conservative Plan: CRISIL MIP Blended Index Load Structure (as % of NAV) Entry Load: Nil Exit Load: Nil Other Parameter Standard Deviation Aggressive Plan: Conservative Plan: Moderate Plan:
10.00 34.11 31.94 17.95
16.08 -3.76 6.82 77.93
Investment Performance - Conservative Plan - Growth

Date of Inception: Feb 24, 2004 NAV Per Unit. * (`) Birla Sun Life AAF Conservative Plan (%) CRISIL MIP Blended Index # (%)
NAV as on March 30, 2012: ` 21.6145

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun CRISIL MIP S&P CNX Life AAF Blended Nifty Conservative Index # (`) ## (`) Plan (`) 21615 10396 10535 12388 17244 10524 10617 11425 28854 9077 11114 17376
10.00 20.79 19.73 15.93
10.04 3.96 5.35 23.88
6.96 5.24 6.17 14.25
13.97 -9.23 11.14 73.76
Investment Performance - Moderate Plan - Growth

Date of Inception: Feb 24, 2004 NAV Per Unit. * (`) Birla Sun Life AAF Moderate Plan (%) CRISIL Balanced Fund Index # (%)
NAV as on March 30, 2012: ` 28.4006

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun CRISIL S&P CNX Life AAF Balanced Nifty Moderate Fund Index ## (`) Plan (`) # (`) 28401 10006 10605 15456 24127 9683 10937 14731 28854 9077 11114 17376
12.96% 3.82% 8.90%
10.00 28.38 26.76 17.32
14.03 0.06 6.05 54.56
11.48 -3.17 9.37 47.31
13.97 -9.23 11.14 73.76
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Satyabrata Mohanty is 20. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
Top Portfolio Holdings - Moderate Plan

Issuer
Birla Sun Life Income Plus - Growth Birla Sun Life Advantage Fund - Growth Birla Sun Life Small and Midcap Fund - Growth Birla Sun Life Government Securities Fund Long term - Growth Birla Sun Life India Opportunities Fund - Growth Birla Sun Life Infrastructure Fund -Growth Birla Sun Life Midcap Fund - Growth Birla Sun Life Top 100 Fund - Growth Cash & Cash Equivalents Net receivables / payables
% to net Assets
30.97% 14.55% 12.44% 10.54% 8.66% 7.94% 6.41% 5.43% 2.69% 0.38%
Note: Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer.
Top Portfolio Holdings - Aggressive Plan

Issuer
Birla Sun Life Income Plus - Growth Birla Sun Life Advantage Fund - Growth Birla Sun Life Small and Midcap Fund - Growth Birla Sun Life India Opportunities Fund - Growth Birla Sun Life Infrastructure Fund - Growth Birla Sun Life Midcap Fund - Growth Birla Sun Life Top 100 Fund - Growth Cash & Cash Equivalents
Top Portfolio Holdings - Conservative Plan

% to net Assets
20.82% 19.65% 16.93% 11.74% 10.80% 8.40% 7.44% 4.22%
Issuer
Birla Sun Life Income Plus- Growth Cash & Cash Equivalents Birla Sun Life Advantage Fund - Growth Birla Sun Life Small and Midcap Fund - Growth Birla Sun Life India Opportunities Fund - Growth Birla Sun Life Infrastructure Fund - Growth Birla Sun Life Midcap Fund - Growth Birla Sun Life Government Long Term Plan - Growth Birla Sun Life Top 100 Fund - Growth Net receivables / payables
% to net Assets
66.29% 8.84% 5.79% 5.02% 3.46% 3.20% 2.54% 2.14% 1.93% 0.78%
39
Birla Sun Life Special Situations Fund

What is it? A Fund that endeavors to generate longterm growth by identifying stocks that may have the potential for special situation like buy backs, open offers, demerger, etc. and a contrarian investment style.
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Sanjay Chawla September 09, 2008 22 years January 31, 2008 An Open-ended Diversified Equity Scheme
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012

Date of Inception: Jan 31, 2008 NAV Per Unit. * (`) Birla Sun Life Special Situations Fund (%) BSE 200 # (%)
NAV as on March 30, 2012: ` 8.7952

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Special Situations Fund (`) 8795 8960 10033 19013 BSE 200 # (`) S&P CNX Nifty ## (`)
10.00 9.82 9.78 5.15
-3.04 -10.40 0.33 90.13
-0.79 -9.28 8.15 92.87
0.73 -9.23 11.14 73.76
9675 9072 10815 19287
10308 9077 11114 17376
Load Structure (as % of NAV) (Incl .for SIP) Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager. Entry Load: Nil Exit Load**: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation: Sharpe Ratio##: Beta:
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns.
18.57% -0.43 0.85

Issuer
HDFC Bank Ltd. ICICI Bank Ltd. Sun Pharmaceutical Industries Ltd. State Bank of India Larsen & Toubro Ltd.
% to net Assets
4.97% 4.81% 4.35% 3.79% 3.42%
Issuer
ITC Ltd. Solar Industries India Ltd. Infosys Ltd. Wipro Ltd. Reliance Industries Ltd.
% to net Assets
3.24% 3.14% 2.98% 2.89% 2.82%
40
Birla Sun Life Commodity Equities Fund

What is it? A Fund that provides exposure to commodities, by investing in handpicked commodity companies worldwide, that have business exposure to various commodities like Energy, Precious metals, Industrial metals, Water and Agricultural commodities.
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Atul Penkar & Mr. Vineet Maloo January 24, 2011 & Since Inception 11 years & 7 years November 07, 2008 An Open-ended Growth Scheme
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012
Investment Performance - Global Agri Plan -Retail Plan - Growth

Date of Inception: Nov 07, 2008 NAV Per Unit. * (`)
NAV as on March 30, 2012: ` 16.5777

Value of Standard Investment of ` 10000 in Birla S&P Global S&P CNX Agribusiness Nifty Sun Life Commodity Index # (`) ## (`) Equities Fund Global Agri Plan - Retail Growth (`) 16578 9394 11649 12524 20600 9283 12368 16100 17812 9077 11114 17376
Birla Sun Life S&P Global S&P CNX Commodity Agribusiness Nifty ## (%) Equities Fund Index # (%) - Global Agri Plan - Retail Growth (%)
NAV of Plans / Options (`) Global Agri Plan Retail Plan Growth: 15.8846 Dividend: 14.8738 Global Multi Commodity Plan Retail Plan Growth: 12.5742 Dividend: 11.8216 Global Precious Metals Plan Retail Plan Growth: 11.8011 Dividend: 11.8011 Benchmark: Global Agri Plan: S&P Global Agribusiness Index Global Multi Commodities Plan: MSCI World Index Global Precious Metals Plan: Dow Jones Precious Metals Index Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 3% if redeemed / switched out within 30 days from the date of allotment. For redemption/switchout of units after 30 days but before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch-out of units after 365 days from the date of allotment: Nil. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameters Global Agri Plan Standard Deviation: 21.96% Sharpe Ratio##: -0.30 Beta: 0.71 Global Multi Commodity Plan Standard Deviation: Sharpe Ratio##: Beta: 22.86% -0.51 0.95
10.00 17.65 15.15 12.10
16.06 -6.06 16.49 25.24
23.73 -7.17 23.68 61.00
18.54 -9.23 11.14 73.76
Investment Performance - Global Multi Commodities Plan - Retail Plan - Growth

Date of Inception: Nov 07, 2008 NAV Per Unit. * (`) Birla Sun Life Commodity Equities Fund - Global Multi Commodities Plan - Retail Growth (%) MSCI World Index # (%)
NAV as on March 30, 2012: ` 13.1012

Value of Standard Investment of ` 10000 in MSCI World S&P CNX Index # (`) Nifty ## (`)
S&P CNX Nifty ## (%)
Birla Sun Life Commodity Equities Fund - Global Multi Commodities Plan - Retail Growth (`) 10.35 -1.72 11.20 49.09 18.54 -9.23 11.14 73.76 13101 8702 11960 12170
10.00 15.06 12.59 10.34
8.28 -12.98 19.60 21.70
13968 9828 11120 14909
17812 9077 11114 17376
Investment Performance - Global Precious Metals Plan - Retail Plan - Growth

Date of Inception: Nov 07, 2008 NAV Per Unit. * (`) Birla Sun Life Dow Jones Commodity Precious Equities Metals Index Fund - Global # (%) Precious Metals PlanRetail Growth (%) S&P CNX Nifty ## (%)
NAV as on March 30, 2012: ` 12.4016

Value of Standard Investment of ` 10000 in Birla Sun Life Dow Jones S&P CNX Precious Nifty Commodity Equities Metals Index ## (`) Fund - Global # (`) Precious Metals PlanRetail Growth (`) 12402 8558 12591 10823 20665 8089 13061 12562 17812 9077 11114 17376
10.00 14.49 11.51 10.63
6.55 -14.42 25.91 8.23
23.84 -19.11 30.61 25.62
18.54 -9.23 11.14 73.76
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 5. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 1 years history of monthly returns, source: MFI Explorer ## Risk-free rate assumed to be 8.31% (91 day T-bill yield as on May 31, 2012). Issuer
Deere & Co Mosaic Co Agrium Inc Corn Products International Inc Monsanto Co Bunge Ltd Syngenta AG Viterra Inc FMC Corp Sociedad Quimica y Minera de Chile SA
Global Precious Metals Plan Standard Deviation: Sharpe Ratio##: Beta: 24.46% -0.65 0.55
Top Ten Portfolio Holdings - Global Precious Metals Plan

Issuer
Newmont Mining Corp Barrick Gold Corp AngloGold Ashanti Ltd Goldcorp Inc Yamana Gold Inc
% to net Assets Issuer

5.52% 5.36% 5.22% 4.52% 4.50%
% to net Assets
4.49% 4.21% 3.94% 3.66% 3.58%
Randgold Resources Ltd Silver Wheaton Corp Agnico-Eagle Mines Ltd Centamin Plc Kirkland Lake Gold Inc
Top Ten Portfolio Holdings - Global Agri Plan

% to net Assets
6.54% 6.02% 5.25% 4.70% 4.19% 4.14% 4.03% 3.95% 3.94% 3.86%
Top Ten Portfolio Holdings - Global Multi Commodity Plan

Issuer
Exxon Mobil Corp Halliburton Co Schlumberger Ltd CF Industries Holdings Inc Mosaic Co Potash Corp of Saskatchewan Inc Baker Hughes Inc Royal Gold Inc Chemicals Deere & Co
% to net Assets
5.40% 4.75% 4.48% 3.74% 3.34% 3.08% 3.02% 2.98% 2.93% 2.89%
41
Birla Sun Life International Equity Fund - Plan A

What is it? A fund that provides an opportunity to grow your money by investing in worldclass companies across the globe.
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Mr. Mahesh Patil & Mr. Vineet Maloo Managing Fund Since: Since Inception Total Experience: 20 years & 7 years Date of inception: October 31, 2007 Nature of the scheme: An Open-ended Diversified Equity Scheme NAV of Plans / Options (`) Growth: 10.9818 Dividend: 10.9818 Benchmark: S&P Global 1200

Date of Inception: Oct 31, 2007 NAV Per Unit. * (`) Birla Sun Life International Equity Fund Plan A (%) 1.83 10.00 13.47 23.19 S&P Global 1200 # (%)
NAV as on March 30, 2012: ` 10.7898

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life International Equity Fund Plan A (`) 10790 11000 11347 12319 S&P Global 1200 # (`) S&P CNX Nifty ## (`)
10.00 9.81 8.64 7.02
-5.41 -1.83 11.28 49.94
-2.49 -9.23 11.14 73.76
7821 9817 11128 14994
8948 9077 11114 17376
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load: Nil Other Parameter Standard Deviation: Sharpe Ratio##: Beta:
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 1. Total Schemes managed by Mr. Mahesh Patil is 5. Total Schemes managed by Mr. Vineet Maloo is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
.
13.41% 0.98 0.83

Issuer
Apple Inc Consumer Non Durables Chubb Corp Aetna Inc Coach Inc
% to net Assets
6.08% 5.71% 5.58% 5.01% 4.21%
Issuer
Taiwan Semiconductor Manufacturing Co. Ltd. Exxon Mobil Corp Coca-Cola Co. International Business Machines Corp ENSCO PLC
% to net Assets
3.96% 3.80% 3.64% 3.62% 3.59%
42
Birla Sun Life International Equity Fund - Plan B

What is it? A fund that provides an opportunity to grow your money by investing in worldclass companies across the globe, with at least 65% exposure to domestic markets.
Fund Details
Fund Manager: Mr. Atul Penkar & Mr. Vineet Maloo Managing Fund Since: July 29, 2010 / Since Inception Total Experience: 11 years & 7 years Date of inception: October 31, 2007 Nature of the scheme: An Open-ended Diversified Equity Scheme NAV of Plans / Options (`) Growth: 8.6295 Dividend: 8.6295 Benchmark: Customised Index A customized benchmark created using BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio.
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012

Date of Inception: Oct 31, 2007 NAV Per Unit. * (`) Birla Sun Life International Equity Fund Plan B (%) -2.28 -5.21 8.67 67.05 Customised Index # (%)
NAV as on March 30, 2012: ` 9.1773

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life International Equity Fund Plan B (`) 9177 9479 10867 16705 Customised Index # (`) 9726 9837 10948 17113 S&P CNX Nifty ## (`)
10.00 9.68 8.91 5.33
0.63 -1.63 9.48 71.13
-2.49 -9.23 11.14 73.76
8948 9077 11114 17376
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 5. Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Managers.
A customized benchmark created using BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio.
14.81% -0.19 0.95

Issuer
ITC Ltd. Tata Consultancy Services Ltd. Larsen & Toubro Ltd. ICICI Bank Ltd. Infosys Ltd.
% to net Assets
3.85% 3.54% 3.12% 3.09% 2.30%
Issuer
Bharti Airtel Ltd. HDFC Bank Ltd. Reliance Industries Ltd. Axis Bank Ltd. Reliance Capital Ltd.
% to net Assets
2.28% 2.27% 2.19% 2.15% 1.92%
43
Birla Sun Life Small & Midcap Fund

What is it? An Equity fund that aims to generate growth and capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap.
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Sanjay Chawla July 29, 2010 22 years May 31, 2007 An Open-ended Small & Mid Cap Equity Scheme
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012

Date of Inception: May 31, 2007 NAV Per Unit. * (`) Birla Sun Life Small & Midcap Fund (%) S & P CNX Midcap # (%)
NAV as on March 30, 2012: ` 11.6130

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Small & Midcap Fund (`) 11613 10028 10104 24057 S & P CNX Midcap # (`) 13663 9591 10435 22612 S&P CNX Nifty ## (`)
NAV of Plans / Options (`) Growth: 11.0751 Dividend: 11.0751 Benchmark: S&P CNX Midcap
10.00 11.58 11.46 4.76
3.14 0.28 1.04 140.57
6.67 -4.09 4.35 126.12
4.42 -9.23 11.14 73.76
12327 9077 11114 17376
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Sanjay Chawla is 4. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
19.28% 0.23 0.80
Note: Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.31% (91 day T-bill yield as on May 31, 2012).

Issuer
Wabco India Ltd. Solar Industries India Ltd. Torrent Pharmaceuticals Ltd. Corporation Bank PTC India Ltd.
% to net Assets
4.80% 3.64% 3.17% 2.84% 2.61%
Issuer
Carborundum Universal Ltd. Madras Cements Ltd. Cox & Kings Ltd. IPCA Laboratories Ltd. Gujarat State Fertilizers & Chemicals Ltd.
% to net Assets
2.56% 2.34% 2.28% 2.25% 2.25%
44
Birla Sun Life India Reforms Fund

What is it? An Equity fund that aims to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending.
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Naysar Shah January 24, 2011 12 years June 25, 2010 An Open-ended Equity Scheme
High Returns
High Risk
3 yrs+
High Liquidity
As on May 31, 2012

Date of Inception: June 25, 2010 NAV Per Unit. * (`) Birla Sun Life India Reforms Fund (%) S & P CNX 500 # (%)
NAV as on March 30, 2012: ` 8.90

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life India Reforms Fund (`) 8900 9119 S & P CNX 500 # (`) S&P CNX Nifty ## (`)
10.00 9.76
-6.17 -8.81
0.95 -8.75
3.53 -9.23
10169 9125
10630 9077
NAV of Plans / Options (`) Growth: 8.09 Dividend: 8.09 Benchmark: S&P CNX 500
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Naysar Shah is 2. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
Load Structure (as % of NAV) (Incl. for SIP) Entry Load: Nil Exit Load**: 1% if redeemed / switched out within 1 year from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. Other Parameter Standard Deviation: Sharpe Ratio##: Beta:
24.72% -1.01 0.94
Note: Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 1 years history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.31% (91 day T-bill yield as on May 31, 2012).

Issuer
ICICI Bank Ltd. Larsen & Toubro Ltd. Sadbhav Engineering Ltd. Gujarat State Fertilizers & Chemicals Ltd. Max India Ltd.
% to net Assets
8.95% 6.25% 4.77% 4.64% 3.93%
Issuer
HDFC Bank Ltd. The Federal Bank Ltd. Power Grid Corporation of India Ltd. Bharti Airtel Ltd. State Bank of India
% to net Assets
3.86% 3.84% 3.23% 3.23% 3.13%
45
Birla Sun Life Pure Value Fund

What is it? An Open ended Diversified Equity fund that follows value investing strategy to generate consistent long-term capital appreciation.
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Nishit Dholakia January 24, 2011 11 years March 27, 2008 An Open-ended Diversified Equity Scheme

Date of Inception: Mar 27, 2008 NAV Per Unit. * (`) Birla Sun Life Pure Value Fund (%) BSE 200 # (%)
NAV as on March 30, 2012: ` 16.1272

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Pure Value Fund (`) 16127 9819 10864 20495 BSE 200 # (`) S&P CNX Nifty ## (`)
10.00 16.42 15.12 7.38
12.85 -1.81 8.64 104.95
2.83 -9.28 8.15 92.87
2.99 -9.23 11.14 73.76
11185 9072 10815 19287
11255 9077 11114 17376
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Nishit Dholakia is 5. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
18.20% 0.15 0.76

Issuer
Glaxosmithkline Consumer Healthcare Ltd. FAG Bearings India Ltd. Oil & Natural Gas Corporation Ltd. Wabco India Ltd. Gateway Distriparks Ltd.
% to net Assets
5.54% 4.87% 4.53% 4.23% 4.05%
Issuer
Karur Vysya Bank Ltd. The Federal Bank Ltd. City Union Bank Ltd. The South Indian Bank Ltd. The Great Eastern Shipping Company Ltd.
% to net Assets
3.79% 3.76% 3.65% 3.57% 3.30%
46
Birla Sun Life Long Term Advantage Fund

What is it? An Open ended Equity fund that invests in a Diversified portfolio of equity and equity related securities
3 yrs+
High Liquidity
As on May 31, 2012
Fund Details
Fund Manager: Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Atul Penkar January 24, 2011 11 years October 10, 2006 An Open Ended Diversified Equity Scheme

Date of Inception: Oct 10, 2006 NAV Per Unit. * (`) Birla Sun Life Long Term Advantage Fund (%) BSE SENSEX # (%)
NAV as on March 30, 2012: ` 13.36

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Long Term Advantage Fund (`) 13360 9468 10821 19492 BSE SENSEX # (`) S&P CNX Nifty ## (`)
NAV of Plans / Options (`) Growth: 12.50 Dividend: 11.54 Benchmark: BSE SENSEX
10.00 14.11 13.04 6.69
5.43 -5.32 8.21 94.92
6.45 -10.50 10.94 80.54
7.46 -9.23 11.14 73.76
14077 8950 11094 18054
14829 9077 11114 17376
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Load Structure (as % of NAV) (Incl. for SIP) Total Schemes managed by Mr. Atul Penkar is 7. Refer annexure on page no. 52 to know more on performance of schemes Entry Load: Nil managed by Fund Manager. Exit Load: 1% if redeemed / switched out within 365 days from the date of allotment. **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.
18.14% -0.00 0.83
Note: Standard Deviation & Sharpe Ratio are calculated son Annualised basis using 3 years history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.31% (91 day T-bill yield as on May 31, 2012).

Issuer
ITC Ltd. ICICI Bank Ltd. Infosys Ltd. Tata Consultancy Services Ltd. Larsen & Toubro Ltd.
% to net Assets
5.73% 5.28% 4.11% 3.47% 3.46%
Issuer
Oil & Natural Gas Corporation Ltd. Reliance Industries Ltd. State Bank of India HDFC Bank Ltd. Housing Development Finance Corporation Ltd.
% to net Assets
3.36% 3.15% 3.07% 2.95% 2.82%
47
Tax Savings Solutions
What are Tax Savings Solutions? Our Tax Savings Solutions help to reduce your tax burden and at the same time, aim to grow your money through equity investments.
Who can benefit from Tax Savings Solutions? Tax saving is important, especially when investors can save up to ` 30,900 in taxes! Section 80C of the Income Tax Act, 1961 provides options to save tax by reducing the taxable income by up to ` 1 lakh. But, wealth creation is also important. Isnt it? Thats why this solution is ideal for investors who would like to create wealth along with tax saving.
Tax savings of ` 30,900 is calculated assuming qualifying amount of deduction is ` 1 lakh & investor falls in the top income tax slab of 30% & includes applicable cess. Investors are advised to consult their tax advisor in view of individual nature of tax benefits.
Benefits of Tax Savings Solutions:
Low lock-in period: Your money is locked-in for just 3 years, as against the much longer lock-in periods in other options. Potential to earn dividends: While your money is locked-in for 3 years, you may opt for the dividend option and can receive returns in the form of tax-free dividends during this time. This feature is unique only to tax saving solutions from mutual funds. Earn market linked returns: Since investments are made in stocks of Indian companies, the value of your investment moves with the stock market. Although it comes with market related risks, your money is diversified i.e. spread out across stocks of multiple companies and is being monitored by an investment expert with an aim to minimize such risks. Tax-free returns: When you withdraw your investment after 3 years, the returns are totally tax free. Yes, you save taxes on both, your initial investment and also on the returns.
Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax benefits. The Financial Solution (Savings Solution) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns.
48
Birla Sun Life Tax Relief 96

What is it? A fund that provides an opportunity to save tax while growing your money through Equity investments.
TAX SAVINGS SOLUTIONS
3 yrs+
Low Liquidity
As on May 31, 2012
Fund Details
Fund Manager Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Ajay Garg October 01, 2006 15 years March 29, 1996 An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment.
Investment Performance - Dividend

Date of Inception: Mar 29, 1996 NAV Per Unit. * (`) Birla Sun Life Tax Relief 96 (%) BSE 200 # (%)
NAV as on March 30, 2012: ` 69.48

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Tax Relief 96 (`) 69480 9456 9748 20785 BSE 200 # (`) S&P CNX Nifty ## (`)
NAV of Plans / Options (`) Growth (w.e.f. 06/03/08): 9.45 Dividend: 65.23 Benchmark: BSE 200
10.00 78.85 80.89 44.22
27.47 -5.44 -2.52 107.85
12.01 -9.28 8.15 92.87
10.96 -9.23 11.14 73.76
61490 9072 10815 19287
52843 9077 11114 17376
Past performance may or may not be sustained in future. Returns assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
19.49% -0.22 0.94
Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.31% (91 day T-bill yield as on May 31, 2012).
Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax benefits.

Issuer
Tata Consultancy Services Ltd. Reliance Industries Ltd. ICICI Bank Ltd. HDFC Bank Ltd. Housing Development Finance Corporation Ltd.
% to net Assets
6.11% 5.40% 4.50% 3.99% 3.98%
Issuer
Infosys Ltd. ING Vysya Bank Ltd. Honeywell Automation India Ltd. ICRA Ltd. ITC Ltd.
% to net Assets
3.72% 3.12% 2.88% 2.85% 2.85%
49
Birla Sun Life Tax Plan

What is it? A fund that provides an opportunity to save tax while growing your money through Equity investments.
3 yrs+
Low Liquidity
As on May 31, 2012
Fund Details
Fund Manager Managing Fund Since: Total Experience: Date of inception: Nature of the scheme: Mr. Ajay Garg October 17, 2011 15 years February 16, 1999 An Open-ended ELSS Scheme with a lock - in of 3 years from the date of allotment.
Investment Performance - Dividend

Date of Inception: Feb 16, 1999 NAV Per Unit. * (`) Birla Sun Life Tax Plan (%) BSE SENSEX # (%)
NAV as on March 30, 2012: ` 42.96

S&P CNX Nifty ## (%) Value of Standard Investment of ` 10000 in Birla Sun Life Tax Plan (`) 42960 9316 10879 17463 BSE SENSEX # (`) 22589 8950 11094 18054 S&P CNX Nifty ## (`) 25612 9077 11114 17376
NAV of Plans / Options (`) Growth: 12.24 Dividend: 40.32 Benchmark: BSE SENSEX
10.00 47.17 45.07 29.56
4.03 -6.84 8.79 74.63
6.42 -10.50 10.94 80.54
7.44 -9.23 11.14 73.76
Past performance may or may not be sustained in future. Returns assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Ajay Garg is 9. Refer annexure on page no. 52 to know more on performance of schemes managed by Fund Manager.
17.94% -0.20 0.82
Note: Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. ## Risk-free rate assumed to be 8.31% (91 day T-bill yield as on May 31, 2012).
Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is subject to conditions specified therein. Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Investors are advised to consult their tax advisor in view of individual nature of tax benefits.

Issuer
Tata Consultancy Services Ltd. Reliance Industries Ltd. ICICI Bank Ltd. HDFC Bank Ltd. Housing Development Finance Corporation Ltd.
% to net Assets
6.13% 5.02% 4.52% 4.00% 3.98%
Issuer
Infosys Ltd. ING Vysya Bank Ltd. ITC Ltd. Honeywell Automation India Ltd. ICRA Ltd.
% to net Assets
3.73% 3.12% 2.85% 2.85% 2.84%
50
Close Ended Scheme Performance

Birla Sun Life Capital Protection Oriented Fund - Series 1
Date of Inception: Mar 29, 2010 Fund Manager: Mr. Satyabrata Mohanty NAV (as on 30th Mar 2012): 11.0722 NAV Per Unit. * (`) Birla Sun life Capital Protection Oriented Series - 1 (%) CRISIL MIP Blended Index # (%) CRISIL 1 Year T-Bill Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun life Capital Protection Oriented Series - 1 (`) 11072 10590 10409 CRISIL MIP Blended Index # (`) CRISIL 1 Year T-Bill Index ## (`)
Since inception till March 30, 2012 (CAGR) March 31, 2011 to March 30, 2012 (Absolute) March 31, 2010 to March 31, 2011 (Absolute)
10.0000 10.4558 10.0446
5.21 5.90 4.09
5.64 5.24 6.17
5.24 6.59 3.86
11164 10524 10617
11079 10659 10386
# Scheme Benchmark, ## Additional Benchmark, * As on start of period considered above. Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Satyabrata Mohanty is 20. Refer annexure on page no. 52 for performance of schemes managed by Fund Manager. The Scheme offered is oriented towards protection of capital and not with guaranteed returns. The orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover, etc.
Birla Sun Life Capital Protection Oriented Fund - Series 2

Date of Inception: Jun 10, 2010 Fund Manager: Mr. Satyabrata Mohanty NAV (as on 30th Mar 2012): 10.5853 NAV Per Unit. * (`) Birla Sun life Capital Protection Oriented Series - 2 (%) CRISIL MIP Blended Index # (%) CRISIL 1 Year T-Bill Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun life Capital Protection Oriented Series - 2 (`) 10585 10512 CRISIL MIP Blended Index # (`) CRISIL 1 Year T-Bill Index ## (`)
10.0000 10.0695
3.20 5.12
5.91 5.24
5.44 6.59
11092 10524
11003 10659
Birla Sun Life Capital Protection Oriented Fund - 5 year Plan

Date of Inception: Aug 03, 2007 Fund Manager: Mr. Satyabrata Mohanty NAV (as on 30th Mar 2012): 12.9768 NAV Per Unit. * (`) Birla Sun life Capital Protection Oriented 5 year plan (%) CRISIL MIP Blended Index # (%) CRISIL 1 Year T-Bill Index ## (%) Value of Standard Investment of ` 10000 in Birla Sun life Capital Protection Oriented 5 year Plan (`) 12977 10483 10364 11208 CRISIL MIP Blended Index # (`) CRISIL 1 Year T-Bill Index ## (`)
10.0000 12.3785 11.9436 10.6559
5.57 4.83 3.64 12.08
6.97 5.24 6.17 14.25
5.31 6.59 3.86 3.08
13687 10524 10617 11425
12727 10659 10386 10308
Performance details for close ended Capital Protection Oriented Schemes with less than 1 year of existence have not been disclosed.
51
Fund Manager-wise Scheme Details

Sr.no
1 2 3 4
Funds Managed By Mr. Maneesh Dangi

Birla Sun Life Medium Term Plan Birla Sun Life Dynamic Bond Fund* Birla Sun Life Government Securities Fund - Long Term Plan Birla Sun Life Government Securities Fund - Short Term Plan
Refer page No
10 9 16 16
Sr.no
1 2 3 4 5
Funds Managed By Mr. Mahesh Patil

Birla Sun Life International Equity Fund - Plan A* Birla Sun Life Top 100 Fund Birla Sun Life Frontline Equity Fund Birla Sun Life Equity Fund Birla Sun Life Infrastructure Fund
Refer page No
42 32 28 25 29
*Funds co-managed by Mr. Kaustubh Gupta
*Funds co-managed by Mr. Vineet Maloo
Sr.no
1 2 3 4 5 6 7 8
Funds Managed By Mr. Kaustubh Gupta

Birla Sun Life Floating Rate Fund - Long Term Plan* Birla Sun Life Floating Rate Fund - Short Term Plan* Birla Sun Life Ultra Short Term Fund# Birla Sun Life Savings Fund Birla Sun Life Cash Plus* Birla Sun Life MIP II-Savings 5 Plan*$ Birla Sun Life MIP II-Wealth 25 Plan*$ Birla Sun Life Cash Manager*
Refer page No
13 14 8 7 5 23 22 6
Sr.no
1 2 3 4 5 6 7 8 9 10 11
Funds Managed By Mr. Satyabrata Mohanty

Birla Sun Life MIP II-Savings 5 Plan*$ Birla Sun Life Monthly Income* Birla Sun Life Capital Protection Oriented Fund Series 1 & 2 Birla Sun Life MIP II-Wealth 25 Plan*$ Birla Sun Life MIP* Birla Sun Life Capital Protection Oriented Fund - 5 year Plan Birla Sun Life Asset Allocation Fund - Conservative Plan Birla Sun Life Asset Allocation Fund - Moderate Plan Birla Sun Life 95 Fund* Birla Sun Life Asset Allocation Fund - Aggressive Plan Birla Sun Life Advantage Fund
Refer page No
23 20 51 22 21 51 39 39 38 39 26
*Funds co-managed by Ms. Sunaina Da Cunha # Funds co-managed by Mr. Lokesh Mallya
*$ Funds co-managed by Mr. Satyabrata Mohanty
Sr.no
1 2 3 4 5
Funds Managed By Ms. Sunaina Da Cunha

Birla Sun Life Floating Rate Fund - Long Term Plan* Birla Sun Life Floating Rate Fund - Short Term Plan* Birla Sun Life Short Term Opportunities Fund Birla Sun Life Cash Plus* Birla Sun Life Cash Manager*
Refer page No
13 14 18 5 6
*Funds co-managed by Mr. Kaustubh Gupta
Sr.no
1 2 3 4 5
Funds Managed By Mr. Nishit Dholakia

Birla Sun Life Monthly Income* Birla Sun Life MIP* Birla Sun Life Dividend Yield Plus Birla Sun Life Pure Value Fund Birla Sun Life 95 Fund*
Refer page No
20 21 37 46 38
*Funds co-managed by Mr. Kaustubh Gupta # Funds co-managed by Mr. Lokesh Mallya
*Funds co-managed by Mr. Satyabrata Mohanty.
Sr.no
1 2
Funds Managed By Mr. Lokesh Mallya

Birla Sun Life Ultra Short Term Fund* Birla Sun Life Short Term Opportunities Fund
Refer page No
8 18
Sr.no
1 2 3 4
Funds Managed By Mr. Atul Penkar

Birla Sun Life International Equity Fund - Plan B* Birla Sun Life Long Term Advantage Fund Birla Sun Life Commodity Equities Fund - Global Agri Plan* Birla Sun Life New Millennium Fund Birla Sun Life India Opportunities Fund Birla Sun Life Commodity Equities Fund - Global Multi Commodity Plan* Birla Sun Life Commodity Equities Fund - Global Precious Metals Plan*
Refer page No
43 47 41 31 36 41 41
*Funds co-managed by Mr. Kaustubh Gupta #Funds co-managed by Ms. Sunaina Da Cunha
Sr.no
1 2 3 4
Funds Managed By Mr. Sanjay Chawla

Birla Sun Life India GenNext Fund Birla Sun Life Small & Midcap Fund Birla Sun Life Midcap Fund Birla Sun Life Special Situations Fund
Refer page No
30 44 27 40
5 6 7
*Funds co-managed by Mr. Vineet Maloo
Sr.no Sr.no
1 2 3 4 5 6
Funds Managed By Mr. Vineet Maloo

Birla Sun Life International Equity Fund - Plan A# Birla Sun Life International Equity Fund - Plan B* Birla Sun Life Commodity Equities Fund - Global Agri Plan* Birla Sun Life Commodity Equities Fund - Global Multi Commodity Plan* Birla Sun Life Commodity Equities Fund - Global Precious Metals Plan*
Funds Managed By Mr. Ajay Garg

Birla Sun Life MNC Fund Birla Sun Life Enhanced Arbitrage Fund Birla Sun Life Buy India Fund Birla Sun Life Tax Relief 96 Birla Sun Life Tax Plan Birla Sun Life Index Fund
Refer page No
34 17 33 49 50 35
Refer page No
42 43 41 41 41
1 2 3 4 5
*Funds co-managed by Mr. Atul Penkar # Funds co-managed by Mr. Mahesh Patil
Sr.no
1 2 3 4 5
*$
Funds Managed By Mr. Prasad Dhonde

Birla Sun Life Gilt Plus - PF Plan Birla Sun Life Short Term Fund Birla Sun Life Income Plus Birla Sun Life Gilt Plus - Liquid Plan Birla Sun Life Gilt Plus - Regular Plan
Refer page No
15 12 11 15 15
Sr.no
1 2
Funds Managed By Mr. Naysar Shah

Birla Sun Life India Reforms Fund Birla Sun Life Infrastructure Fund*
Refer page No
45 29
*Funds co-managed by Mr. Mahesh Patil
The fund management responsibilities for the scheme has been revised vide addendum no.18/2012 dated April 03, 2012. Accordingly, the scheme shall be managed jointly by Mr. Satyabrata Mohanty and Mr. Kaustubh Gupta w.e.f April 04, 2012. Schemes mentioned in order of performance for the period Mar 31 2011 - Mar 30 2012. Due to inherent difference in nature of schemes above (i.e. equity, hybrid, debt schemes) as may be managed by Fund Manager, performance of such schemes may not be strictly comparable. Further, for the schemes in existence for less than a year, the past performance details have not been provided. Further, performance of Fixed Term Plans (FTPs) / Fixed Maturity Plans (FMP) / Interval Income Schemes are not considered above, as FMPs / FTPs / Interval Income Schemes are close ended / interval schemes of varying maturities and performance of such schemes may not be strictly comparable with open ended schemes managed by Fund Managers.
52
Funds at a Glance
SAVINGS SOLUTIONS
SCHEME PLAN OPTION SUB OPTION MINIMUM INVESTMENT AMOUNT
FP: ` 10,000/AP: ` 1,000/Daily Dividend Weekly Dividend Institutional Growth
Institutional Premium - Dividend Daily Dividend Weekly Dividend Dividend Institutional Premium Growth Payout / Reinvestment Payout / Reinvestment Payout / Reinvestment FP: ` 5,00,00,000/AP: ` 1,00,000/-
DEFAULT OPTION
For redemption-switch out consider from the date of allotment.
EXIT LOAD
Birla Sun Life Cash Plus
Retail Dividend Retail Growth Institutional Dividend
Daily Dividend
Reinvestment
Reinvestment Payout / Reinvestment FP: ` 1,00,00,000/AP: ` 1,00,000/-
Application for < ` 1 Cr > ` 1 Cr but < ` 5 Crs > ` 5 Crs
Default Option /Facility Dividend Retail Reinvstmt Institutional Daily Dividend Reinvstmt Institutional Daily Dividend Premium Reinvstmt Plan
Nil.
Birla Sun Life Cash Manager
Dividend
Daily Dividend Weekly Dividend
Reinvestment Reinvestment Reinvestment Reinvestment
FP: ` 10,000/AP: ` 1,000/FP: ` 100,00,000/AP: ` 1,00,000/FP: ` 10,000/AP: ` 1,000/FP: ` 1,00,00,000/AP: ` 1,00,000/-
Application for < ` 1 Cr > ` 1 Cr
Institutional
Daily Dividend Weekly Dividend Growth
Growth
Default Option /Facility Weekly Dividend Dividend Reinvstmt Daily Dividend Institutional Reinvstmt Plan
Nil.
Birla Sun Life Savings Fund
Institutional Plan Daily Dividend Weekly Dividend Growth Reinvestment Payout / Reinvestment
Application for < ` 1 Cr > ` 1 Cr
Retail Plan
FP: ` 10,000/AP: ` 1,000/-
Default Option /Facility Weekly Retail Dividend Reinvstmt Daily Dividend Institutional Reinvstmt Plan
Nil.
Birla Sun Life Ultra Short Term Fund
Institutional Plan
Daily Dividend Fortnightly Dividend Weekly Dividend Growth Daily Dividend Fortnightly Dividend Growth Monthly Dividend Sweep Monthly Dividend Quarterly Dividend Growth
Reinvestment Payout / Reinvestment Payout / Reinvestment Reinvestment Payout / Reinvestment
FP: ` 2,00,00,000/AP: ` 10,000/-
Application for < ` 2 Crs
Retail Plan Birla Sun Life Dynamic Bond Fund Retail Plan
FP: ` 10,000/AP: ` 1,000/FP: ` 5,00,000/AP: ` 1,000/AP: ` 1,000/AP: ` 1,000/AP: ` 1,000/-
> ` 2 Crs
Default Option /Facility Fortnightly Retail Dividend Institutional Reinvstmt Plan
within 15 days/0.25% of applicable NAV.
Payout / Reinvestment /Sweep Payout / Reinvestment /Sweep
FP: ` 5,000/FP: ` 5,000/FP: ` 5,000/-
Choice of Option : Quarterly Dividend Choice of Sub-Option : Dividend Reinvestment
Within 180 days: 0.50% of applicable NAV. After 180 days: Nil.
Birla Sun Life Medium Term Plan Institutional Plan Weekly Dividend Fortnightly Dividend Monthly Dividend Growth Retail Plan Reinvestment Payout / Reinvestment Payout / Reinvestment /Sweep FP: ` 1,00,00,000/AP: ` 10,000/-
FP: ` 5,000/AP: ` 1,000/-
Choice of Plan : Retail Choice of Option : Growth Choice of Facility : Fortnightly Dividend Reinvestment
For Redemption / Switch- out of units within 180 days from the date of allotment: 2.50% of applicable NAV, after 180 days but before 365 days from the date of allotment: 2.00% of applicable NAV. after365 days but before 730 days from the date ofallotment:1.00% of applicable NAV, after 730 days from the date of allotment: Nil
Birla Sun Life Floating Rate Fund Institutional Short Term Plan Weekly Dividend Daily Dividend Growth Retail Plan Long Term Plan Institutional Plan Birla Sun Life Income Plus Birla Sun Life Short Term Fund (Erstwhile Birla Sun Life Income Fund) Birla Sun Life Gilt Plus Dividend Growth Monthly Dividend Growth Regular Plan Quarterly Dividend Growth Quarterly Dividend Annual Dividend Growth Quarterly Dividend Growth Payout / Reinvestment Payout/Reinvestment/Sweep
Daily Dividend Reinvestment Weekly Dividend Reinvestment Growth Reinvestment Reinvestment Weekly Dividend Reinvestment Growth Daily Dividend Reinvestment Weekly Dividend Reinvestment Growth
FP: ` 1,00,00,000/AP: ` 1/-
Application for < ` 5 Crs
FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/-
> ` 5 Crs
Default Plan Option /Facility Daily Dividend Reinvstmt Daily Dividend Institutional Reinvstmt
Nil.
Daily Dividend Reinvestment. FP: ` 2,00,00,000/AP: ` 1,00,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/Dividend Reinvestment
Nil.
within 365 days/1.00% of applicable NAV. within 30 days/0.50% of applicable NAV.
Dividend Reinvestment
Payout / Reinvestment /Sweep Payout / Reinvestment /Sweep Payout / Reinvestment /Sweep Payout / Reinvestment /Sweep Quarterly Gain / Annual Gain
For Liquid Plan, Regular Plan & PF Plan (Quarterly/Annual Div) Nil For PF Plan (Growth) within 365 days/1% of applicable NAV.
Liquid Plan
FP: ` 5,000/AP: ` 1,000/-
Growth
PF Plan
53
Funds at a Glance
SCHEME PLAN OPTION SUB OPTION MINIMUM INVESTMENT AMOUNT DEFAULT OPTION
within 365 days/1.00% of applicable NAV.
EXIT LOAD
Birla Sun Life Government Securities Fund
Long Term Plan
Dividend Growth Daily Dividend
Payout / Reinvestment
Reinvestment
Short Term (Retail) Plan Growth Daily Dividend Weekly Dividend Dividend Growth Dividend Growth Dividend Growth Weekly Dividend Dividend Growth Reinvestment Reinvestment Payout / Reinvestment
FP: ` 5,000/AP: ` 1,000/Growth
Nil.
Short Term (Institutional) Plan
FP: ` 5,00,00,000/AP: ` 1,00,000/-
Nil.
Retail Plan
Payout / Reinvestment /Sweep
FP: ` 5,000/AP: ` 1,000/FP: ` 5,00,00,000/AP: ` 10,000/FP: ` 10,000/AP: ` 1000/-
Institutional Plan Birla Sun Life Short Term Opportunities Fund
Choice of Plan : Retail Plan Choice of Option : Dividend Choice of Facility : Reinvestment
before 90 days/0.75% of applicable NAV. after 90 days to 180days/0.50% of applicable NAV. after 180 days/Nil of applicable NAV.
Retail Plan
Reinvestment Payout / Reinvestment /Sweep
Institutional Plan
Weekly Dividend Dividend Growth
Reinvestment Payout / Reinvestment /Sweep
Growth FP: ` 2,00,00,000/AP: ` 10,000/-
For redemption / switch-out of units within 365 days from the date of allotment: 0.50% of applicable NAV.

FP: ` 25,000/AP: ` 5,000/-
DEFAULT OPTION
EXIT LOAD
Birla Sun Life Monthly Income
Monthly Dividend Quarterly Dividend
Payout/Reinvestment/Sweep Payout/Reinvestment/Sweep
Growth
FP: ` 5,000/AP: ` 1,000/-
Choice of Plan : Growth Choice of Option within Monthly Dividend : Dividend Reinvestment Choice of Plan within Quarterly Dividend : Dividend Reinvestment
within 365 days/1% of applicable NAV.
Birla Sun Life MIP Monthly Dividend Monthly Payment Growth Birla Sun Life MIP II Savings 5 Payout/Reinvestment/Sweep Instant / Deferred
FP: Dividend & Payment Option ` 25,000/Growth: ` 5,000/AP: ` 1,000/Payout / Reinvestment /Sweep FP: Dividend & Payment Option ` 25,000/Growth ` 5,000/AP: ` 1,000/-
Choice of Option within Monthly Dividend : Dividend Reinvestment Choice of Option within Monthly Payment Plan : Instant
Monthly Dividend Monthly Payment Growth Monthly Dividend Monthly Payment Growth
Birla Sun Life MIP II Wealth 25
Choice of Option : Growth Choice of Sub-Option within Monthly Dividend Option : Dividend Reinvestment

FP: ` 500/A : ` 500/FP: ` 500/AP: ` 500/-
DEFAULT OPTION

Nil.
EXIT LOAD
Dividend Growth
Payout/Reinvestment/Sweep
Dividend Payout
Dividend Growth
Dividend Payout
Nil.
54
Funds at a Glance
FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/-
DEFAULT OPTION

within 365 days/1% of applicable NAV. within 7 days/0.50% of applicable NAV.
EXIT LOAD
Dividend Growth
Dividend Growth
Dividend Growth
Dividend / Reinvestment / Sweep Growth with Triggered Facility Dividend / Growth / Sweep Dividend / Growth / Sweep Payout/Reinvestment/Sweep FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP : ` 1,000/FP: ` 5,000/AP : ` 1,000/-
Birla Sun Life Frontline Equity Fund Birla Sun Life Infrastructure Fund Birla Sun Life India GenNext Fund Birla Sun Life New Millennium Fund Birla Sun Life Top 100 Fund
Dividend Growth Dividend Growth Dividend Growth Dividend Growth Dividend Growth
Dividend Reinvestment Dividend Reinvestment
within 365 days/1% of applicable NAV. within 365 days/1% of applicable NAV. within 365 days/1% of applicable NAV. within 365 days/1% of applicable NAV. within 365 Days/1% of applicable NAV. within 7 days/0.50% of applicable NAV. within 365 days/1% of applicable NAV. within 7 days/0.50% of applicable NAV. within 7 days/0.50% of applicable NAV. within 365 days/1% of applicable NAV.
Dividend Growth
Dividend Growth
Dividend Growth
Birla Sun Life India Opportunities Fund Birla Sun Life Small & Midcap Fund Birla Sun Life India Reforms Fund Birla Sun Life Dividend Yield Plus
Dividend Growth Dividend Growth Dividend Growth Dividend Growth PF
Dividend Payout
within 1 year/1% of applicable NAV.
Payout/Reinvestment/Sweep Dividend Growth Payout/Reinvestment/Sweep Payout / Reinvestment /Sweep
FP: ` 5,000/AP: ` 1,000/-
Dividend Growth
FP: ` 5,000/AP: ` 1,000/Payout / Reinvestment Payout / Reinvestment Payout / Reinvestment FP: ` 5,000/AP: ` 1,000/-
Birla Sun Life Asset Allocation Fund
Aggressive Moderate Conservative
Dividend Growth Dividend Growth Dividend Growth Payout/Reinvestment/Sweep
Nil.
Birla Sun Life Special Situations Fund Birla Sun Life Commodity Equities Fund (Global Agri Plan,Global Precious Metals Plan,Global Multi Commodity Plan) Birla Sun Life International Equity Fund (Plan A) Birla Sun Life International Equity Fund (Plan B) Birla Sun Life Pure Value Fund
Dividend Growth Retail Plan Institutional Plan Dividend Growth Dividend Growth Dividend Growth
FP: ` 5,000/AP: ` 1,000/Payout / Reinvestment /Sweep Payout / Reinvestment /Sweep FP: ` 5,000/AP: ` 1,000/FP: ` 5,00,00,000/AP: ` 10,000/FP: ` 5,000/AP: ` 1,000/FP: ` 5,000/AP: ` 1,000/FP : ` 5,000/AP : ` 1,000/FP: ` 5,000/AP: ` 1,000/-
Choice of Plan : Growth Choice of Option : Reinvestment
within 365 days/1% of applicable NAV. within 30 days/3% of applicable NAV. after 30 days but before 365 days/1% of applicable NAV.
Dividend Growth Dividend Growth Payout/Reinvestment/Sweep
Choice of Plan : Retail Plan Choice of Option : Growth Choice of Facility : Reinvestment
Nil.
within 365 days/1% of applicable NAV. within 365 days/1% of applicable NAV. within 365 days/1% of applicable NAV.
Payout/Reinvestment
Choice of Plan : Growth Choice of Option : Reinvestment
Dividend Growth
Payout/Reinvestment
55
Investment Objective
SAVINGS SOLUTIONS
Birla Sun Life Cash Plus Birla Sun Life Cash Manager Birla Sun Life Savings Fund
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. An Open ended Income scheme with the objective to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of very short maturities with a view to provide reasonable returns. The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. 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. 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. The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital. An Open-ended Income Scheme to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. This income may be complemented by price changes of instruments in the portfolio. 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.
Birla Sun Life Ultra Short Term Fund Birla Sun Life Dynamic Bond Fund Birla Sun Life Medium Term Plan Birla Sun Life Income Plus Birla Sun Life Short Term Fund (Erstwhile Birla Sun Life Income Fund) Name change (w.e.f. 01 Feb, 2012) Birla Sun Life Floating Rate Fund Short Term Plan Birla Sun Life Gilt Plus Birla Sun Life Government Securities Fund Birla Sun Life Enhanced Arbitrage Fund Birla Sun Life Short Term Opportunties Fund
The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments. An Open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. 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. An Open ended Equity Scheme with an investment objective to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Futures). An Open ended Income scheme with the objective to generate regular income by investing primarily in investment grade fixed income securities / money market instruments with short to medium term maturities and across the credit spectrum within the universe of investment grade rating.

Birla Sun Life Monthly Income Birla Sun Life MIP
An Open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterly distributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of distributable surplus The primary objective of the scheme is to generate regular income so as to make monthly distributions to unit holders with the secondary objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents while at the same time maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.) 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. 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.
Birla Sun Life MIP II - Wealth 25 Plan Birla Sun Life MIP II - Savings 5 Plan

Birla Sun Life Tax Relief 96 Birla Sun Life Tax Plan
An Open-ended 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 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.
56
Investment Objective
Birla Sun Life Equity Fund Birla Sun Life Advantage Fund Birla Sun Life Midcap Fund An Open-ended 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. 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. An Open ended Growth Scheme with the objective to achieve long term growth of capital at controlled level of risk by investing primarily in Mid-Cap Stocks. The level of risk is somewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aim is to generate higher returns than a fund focused on large and liquid stocks. An Open-ended 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. An Open-ended 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. 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. A multi-sector open-ended 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 e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of dividend. An Open-ended growth scheme with the objective to provide medium to long term capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities of top 100 companies as measured by market capitalization. A multi-sector open-ended 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 Indias 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. 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. An Open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors. 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: 1. Leverage Indias intellectual capital for providing services, research and creative inputs. 2. Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services. 3. Leverage Indias lower labour costs for providing services and manufactured goods. 4. Leverage Indias large population of English speaking people for providing services. An Open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield. An Open ended Balanced Scheme with the objective to generate 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. The secondary objective is income generation and distribution of dividend. 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 investors. An Open-ended diversified equity scheme with an objective of the scheme is to generate long-term growth of capital by investing in a portfolio of equity and equity related securities. The Scheme would follow an investment strategy that would take advantage of Special Situations & Contrarian investment style. An Open ended Growth Scheme with the objective to offer long term growth of capital, by investing in (1) stocks of commodity companies, i.e., companies engaged in or focusing on the specified commodity business and/or (2) overseas mutual fund scheme(s), that have similar investment objectives. These securities could be issued in India or overseas. An Open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the international markets. An Open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the domestic and international markets. An Open ended Small and Mid Cap Equity Scheme with an objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and midcap. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time. An Open ended Equity Scheme with an investment objective is to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending. An Open ended Diversified Equity Scheme with the objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy. An Open ended Diversified Equity Scheme with an to provide long-term capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities.
Birla Sun Life Frontline Equity Fund Birla Sun Life Infrastructure Fund Birla Sun Life India GenNext Fund
Birla Sun Life Top 100 Fund Birla Sun Life Buy India Fund
Birla Sun Life MNC Fund Birla Sun Life Index Fund Birla Sun Life India Opportunities Fund
Birla Sun Life Dividend Yield Plus Birla Sun Life 95 Fund Birla Sun Life Asset Allocation Fund Birla Sun Life Special Situations Fund
Birla Sun Life Commodity Equities Fund Birla Sun Life International Equity Fund - Plan A Birla Sun Life International Equity Fund - Plan B Birla Sun Life Small & Midcap Fund
Birla Sun Life India Reforms Fund Birla Sun Life Pure Value Fund Birla Sun Life Long Term Advantage Fund
57
Dividend History
DEBT Schemes Declared on date
11-Feb-11 28-Jan-11 31-Dec-10 11-Feb-11 28-Jan-11 31-Dec-10 11-Feb-11 31-Jan-11 31-Dec-10 29-Mar-12 30-Dec-11 29-Sep-11 15-Mar-12 15-Dec-11 15-Sep-11 15-Mar-10 16-Mar-09 17-Mar-08 15-Dec-11 15-Sep-11 15-Jun-11 15-Mar-12 15-Dec-11 15-Sep-11 15-Mar-12 15-Dec-11 15-Sep-11 15-Mar-12 15-Dec-11 15-Sep-11 15-Mar-12 15-Sep-11 15-Mar-11 29-Feb-12 15-Dec-10 15-Sep-10 15-Mar-12 28-Feb-11 15-Dec-11 Birla Sun Life Savings Fund Institutional Monthly Dividend Birla Sun Life Savings Fund Retail Monthly Dividend Birla Sun Life Ultra Short Term Fund Monthly Dividend Birla Sun Life Dynamic Bond Fund Retail Quarterly Dividend Birla Sun Life Income Plus - Quarterly Dividend Birla Sun Life Short Term Fund- Half Yearly Dividend Birla Sun Life Short Term Fund - Quarterly Dividend Birla Sun Life Gilt Plus - Liquid Plan Quarterly Dividend Birla Sun Life Gilt Plus - PF Plan Quarterly Dividend Birla Sun Life Gilt Plus - Regular Plan Quarterly Dividend Birla Sun Life Government Securities Fund - Long Term Dividend Birla Sun Life Government Securities Fund - Short Term Dividend Birla Sun Life Short Term Opportunities Fund 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 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 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
(For select Schemes)
SAVINGS SOLUTIONS
Non Corporate Face Value Dividend# (` per unit)
0.0350 0.0497 0.0587 0.0350 0.0469 0.0529 0.0250 0.0660 0.0532 0.1808 0.2812 0.2669 0.2096 0.0536 0.0418 0.2453 0.4467 0.4752 0.1131 0.0856 0.1443 0.0990 0.1317 0.1311 0.0559 0.0725 0.0711 0.2168 0.0734 0.1080 0.2952 0.3960 0.3925 0.0022 0.1108 0.1120 0.1007 0.0137 0.1335
Corporate Dividend# (` per unit)

0.0287 0.0607 0.0547 0.0287 0.0573 0.0493 0.0205 0.0540 0.0496 0.2395 0.2123 0.2015 0.2776 0.0405 0.0316 0.2283 0.4158 0.4423 0.0854 0.0646 0.1090 0.1311 0.0994 0.0990 0.0740 0.0547 0.0537 0.2871 0.0554 0.0816 0.3910 0.2990 0.3213 0.0016 0.1032 0.1044 0.1334 0.0103 0.1008
Cum Dividend NAV# (` per unit)

10.3099 10.3384 10.3413 10.2848 10.3108 10.3105 10.8068 10.8474 10.8361 11.5651 11.5839 11.5737 12.6361 12.4237 12.2184 11.5557 11.9496 11.6359 11.6606 11.6201 11.4526 10.7187 10.6478 10.5814 11.0551 10.8546 10.5384 12.5635 12.3801 12.2484 11.7999 11.5941 11.6205 10.0031 10.2407 10.2297 10.9059 10.0154 10.8249
Note: The NAV of the scheme, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable). Past performance may or may not be sustained in future.

Non Corporate DEBT Schemes Declared on date
31-May-12 30-Apr-12 30-Mar-12 29-Mar-12 30-Dec-11 29-Sep-11 25-May-12 27-Apr-12 30-Mar-12 25-May-12 27-Apr-12 30-Mar-12 25-May-12 27-Apr-12 30-Mar-12
Corporate Dividend# (` per unit)

0.0595 0.0595 0.0577 0.1765 0.1380 0.1376 0.0536 0.0538 0.0673 0.0534 0.0534 0.0669 0.0548 0.0547 0.0685
Face Value
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
Dividend# (` per unit)

0.0449 0.0449 0.0436 0.1333 0.1828 0.1822 0.0405 0.0406 0.0508 0.0403 0.0403 0.0505 0.0414 0.0413 0.0517
Cum Dividend NAV# (` per unit)

11.2314 11.3486 11.3654 11.9458 11.7229 11.8787 11.2142 11.3245 11.3504 11.0803 11.2627 11.2863 11.5117 11.5704 11.5630
Birla Sun Life Monthly Income - Monthly Dividend Birla Sun Life Monthly Income - Quarterly Dividend
Birla Sun Life MIP - Monthly Dividend Plan
Birla Sun Life MIP II - Wealth 25 Plan Monthly Dividend Plan Birla Sun Life MIP II - Savings 5 Plan Monthly Dividend Plan
58
Dividend History
EQUITY SCHEMES
(For select Schemes)

Declared on date
20-May-11 15-Oct-10 12-Mar-10 25-May-12 04-Feb-11 06-Aug-10 14-Jan-11 16-Jul-10 29-Jan-10 27-Apr-12 04-Feb-11 06-Aug-10 14-Jan-11 16-Jul-10 08-Jan-10 09-Sep-10 26-Feb-10 23-Sep-09 20-May-11 15-Oct-10 12-Mar-10 29-Apr-11 09-Sep-10 26-Feb-10 27-Apr-12 25-Feb-11 27-Aug-10 23-Mar-07 3-Feb-04 17-Oct-03 25-Feb-11 27-Aug-10 26-Feb-10 13-Feb-12 17-Jun-11 25-Feb-11 13-Feb-12 29-Apr-11 15-Oct-10

3.00 5.00 5.00 4.00 4.50 7.00 2.00 1.50 2.50 1.00 1.25 1.25 1.00 1.00 1.00 0.85 0.75 1.00 0.80 1.00 1.00 1.75 1.75 1.25 5.00 5.25 5.25 6.50 1.65 5.60 1.25 1.25 1.00 0.50 0.60 0.60 5.00 6.50 7.50
Face value (`)

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 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 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
Cum Dividend NAV (` per unit)

65.69 82.36 74.69 66.98 81.17 93.39 24.29 26.01 26.02 19.71 21.65 23.13 14.39 14.97 14.05 14.16 13.49 14.02 14.533 16.576 14.952 23.75 27.83 22.44 86.83 76.71 86.27 21.83 11.99 16.19 17.38 19.28 18.77 13.20 13.73 13.28 105.20 114.40 124.32

EQUITY SCHEMES
Declared on date
31-Mar-11 12-Mar-10 31-Aug-09 20-May-11 17-Sep-10 12-Mar-10

4.00 7.00 4.00 1.00 2.00 7.50
Face value (`)

10.00 10.00 10.00 10.00 10.00 10.00
Cum Dividend NAV (` per unit)

82.85 85.21 78.56 45.13 50.69 51.60
59
Industry Allocation
SAVINGS SOLUTIONS
Allocation as a % of Net Assets Auto Ancillaries Auto Consumer Non Durables Software Retailing Petroleum Products Cement Future and Options Cash & Cash Equivalents Net receivables / payables Total % 14.27% 13.38% 9.45% 9.03% 7.75% 7.27% 5.59% -67.20% 14.42% 86.04% 100%

Allocation as a % of Net Assets Banks Software Consumer Non Durables Pharmaceuticals Finance Auto Ancillaries Auto Petroleum Products Power Cement Industrial Capital Goods Pesticides Construction Project Retailing Transportation Industrial Products Ferrous Metals Telecom - Services Non - Ferrous Metals Chemicals Gas Hotels Media & Entertainment Cash & Cash Equivalents Net receivables / payables Total % 16.54% 13.27% 8.55% 7.40% 7.21% 5.62% 5.30% 5.02% 3.72% 3.60% 3.34% 2.83% 2.51% 2.30% 2.16% 2.06% 1.92% 1.85% 1.40% 1.08% 0.71% 0.36% 0.00% 0.76% 0.00% 100%

Allocation as a % of Net Assets Banks Software Consumer Non Durables Pharmaceuticals Finance Auto Ancillaries Petroleum Products Auto Power Cement Industrial Capital Goods Pesticides Construction Project Retailing Transportation Industrial Products Ferrous Metals Telecom - Services Non - Ferrous Metals Chemicals Gas Hotels Media & Entertainment Cash & Cash Equivalents Net receivables / payables Total % 16.49% 13.23% 8.54% 7.40% 7.24% 5.61% 5.40% 5.29% 3.71% 3.59% 3.37% 2.85% 2.50% 2.30% 2.16% 2.05% 1.92% 1.85% 1.39% 1.07% 0.71% 0.36% 0.00% 0.62% 0.36% 100%
Note: The above Allocation is as on May 31, 2012 as per Industry classification as recommended by AMFI.
60
Industry Allocation
Allocation as a % of Net Assets
Banks Consumer Non Durables Software Pharmaceuticals Finance Power Petroleum Products Auto Construction Project Auto Ancillaries Cement Telecom - Services Transportation Industrial Capital Goods Industrial Products Non - Ferrous Metals Oil Ferrous Metals Media & Entertainment United States of America Minerals/Mining Textile Products Construction Consumer Durables Others Future and Options Cash & Cash Equivalents Net receivables / payables Total Net Assets

Banks Consumer Non Durables Software Pharmaceuticals Finance Auto Ancillaries Petroleum Products Construction Project Auto Power Transportation Industrial Products Retailing Engineering Services Non - Ferrous Metals Construction Consumer Durables Pesticides Oil Cement Industrial Capital Goods Hotels Media & Entertainment IT Consulting & Services Cash & Cash Equivalents Net receivables / payables Total

Consumer Non Durables Pharmaceuticals Banks Finance Auto Ancillaries Cement Construction Fertilisers Power Software Chemicals Industrial Capital Goods Petroleum Products Construction Project Industrial Products Gas Media & Entertainment Oil Pesticides Non - Ferrous Metals Ferrous Metals Auto Consumer Durables Cash & Cash Equivalents Net receivables / payables Total

Banks Software Consumer Non Durables Finance Pharmaceuticals Petroleum Products Auto Construction Project Auto Ancillaries Cement Power Telecom - Services Non - Ferrous Metals Oil Industrial Products Media & Entertainment Ferrous Metals Minerals/Mining Industrial Capital Goods Transportation Construction Future and Options Cash & Cash Equivalents Net receivables / payables Total
%
16.40% 11.10% 10.01% 9.22% 5.73% 5.54% 5.26% 4.59% 4.51% 3.26% 2.76% 2.18% 2.10% 1.67% 1.61% 1.57% 1.54% 1.49% 1.48% 1.15% 1.14% 0.73% 0.57% 0.56% 0.02% 1.72% 1.87% 0.20% 100%
%
20.28% 15.54% 11.04% 7.10% 6.94% 5.96% 4.87% 4.82% 3.89% 2.75% 2.42% 2.14% 1.73% 1.57% 1.55% 1.53% 1.03% 1.00% 0.94% 0.86% 0.73% 0.41% 0.01% 0.00% 0.37% 0.52% 100%
%
15.68% 13.95% 13.57% 6.49% 4.63% 4.56% 3.71% 3.61% 3.48% 3.48% 3.19% 3.02% 2.73% 2.54% 2.22% 1.65% 1.57% 1.51% 1.46% 0.94% 0.71% 0.40% 0.09% 2.13% 2.70% 100%
%
17.14% 11.55% 9.27% 7.88% 6.76% 5.80% 4.79% 3.79% 3.56% 3.33% 3.25% 2.99% 2.64% 2.07% 2.03% 1.80% 1.72% 1.36% 1.10% 0.82% 0.03% 0.29% 3.46% 2.56% 100%
Birla Sun Life Infrastructure Fund

Banks Power Industrial Capital Goods Industrial Products Construction Project Auto Ancillaries Telecom - Services Finance Transportation Auto Petroleum Products Cement Oil Engineering Services Consumer Durables Non - Ferrous Metals Construction Minerals/Mining Cash & Cash Equivalents Net receivables / payables Total

% Allocation as a % of Net Assets
Consumer Non Durables Banks Pharmaceuticals Media & Entertainment Construction Petroleum Products Textile Products Auto Finance Transportation Industrial Products Telecom - Services Auto Ancillaries Diversified Consumer Services Leisure Facilities Cement Textiles - Synthetic Chemicals Consumer Durables Hotels Cash & Cash Equivalents Net receivables / payables Total

Software Telecom - Services Media & Entertainment Cash & Cash Equivalents Net receivables / payables Total

Software Consumer Non Durables Pharmaceuticals Finance Auto Petroleum Products Power Construction Project Telecom - Services Cement Non - Ferrous Metals Oil Minerals/Mining Auto Ancillaries Industrial Products Ferrous Metals Industrial Capital Goods Transportation Future and Options Cash & Cash Equivalents Net receivables / payables Total
%
27.65% 15.16% 11.54% 6.63% 4.84% 3.85% 3.06% 2.94% 2.31% 2.28% 1.73% 1.67% 1.43% 1.38% 1.24% 1.17% 1.06% 0.91% 0.79% 0.36% 1.77% 6.21% 100%
%
10.56% 10.38% 8.86% 5.69% 5.03% 4.96% 3.92% 3.63% 2.94% 2.77% 2.17% 2.13% 1.91% 1.87% 1.80% 1.70% 1.47% 1.29% 1.48% 4.43% 3.92% 100%
22.12% 11.53% 10.71% 8.81% 8.34% 4.65% 4.39% 4.26% 4.03% 3.53% 3.45% 3.01% 2.70% 1.83% 1.81% 1.66% 0.74% 0.66% 2.70% -0.95% 100%
81.39% 13.20% 4.27% 1.32% -0.18% 100%
61
Industry Allocation
Pharmaceuticals Banks Finance Auto Pesticides Transportation Retailing Auto Ancillaries Gas Hotels Media & Entertainment Cash & Cash Equivalents Net receivables / payables Total

Consumer Non Durables Pharmaceuticals Finance Industrial Capital Goods Auto Ancillaries Banks Industrial Products Software Pesticides Auto Gas Cement Petroleum Products Construction Textiles - Synthetic Paper Textiles - Cotton Cash & Cash Equivalents Net receivables / payables Total

Banks Software Consumer Non Durables Petroleum Products Auto Finance Pharmaceuticals Construction Project Oil Power Ferrous Metals Cement Telecom - Services Non - Ferrous Metals Minerals/Mining Industrial Capital Goods Gas Construction Future and Options Cash & Cash Equivalents Net receivables / payables Total

Software Pharmaceuticals Non - Ferrous Metals Industrial Capital Goods Industrial Products Finance Petroleum Products Auto Ancillaries Power Auto Telecom - Services Media & Entertainment Consumer Non Durables Paper Cash & Cash Equivalents Net receivables / payables Total
%
16.23% 15.63% 9.57% 9.11% 7.54% 6.10% 6.05% 3.06% 1.25% 1.16% 0.00% 0.43% 0.47% 100%
%
24.60% 11.31% 11.30% 10.96% 9.56% 5.61% 5.58% 4.74% 4.57% 3.79% 3.29% 2.66% 1.02% 0.67% 0.01% 0.00% 0.00% 0.94% -0.59% 100%
%
18.11% 12.76% 11.09% 7.65% 7.34% 6.68% 3.95% 3.76% 3.40% 3.28% 2.97% 2.18% 2.16% 1.68% 1.65% 1.34% 0.86% 0.82% 7.57% 2.67% -1.95% 100%
%
43.32% 14.90% 9.01% 8.26% 6.15% 5.34% 2.53% 2.01% 1.82% 1.81% 1.21% 0.65% 0.00% 0.00% 2.94% 0.07% 100%

Banks Consumer Non Durables Auto Petroleum Products Software Oil Finance Industrial Products Pharmaceuticals Cement Power Ferrous Metals Chemicals Fertilisers Media & Entertainment Transportation Minerals/Mining Textile Products Gas Industrial Capital Goods Construction Project Consumer Durables Paper Cash & Cash Equivalents Net receivables / payables Total

Corporate Debt Banks Software Consumer Non Durables Pharmaceuticals PSU/PFI Bonds/Banks Auto Finance Construction Project Oil Petroleum Products Telecom - Services Auto Ancillaries Industrial Products Industrial Capital Goods Power Minerals/Mining Non - Ferrous Metals Construction Retailing Ferrous Metals Media & Entertainment Cement Government Bond Consumer Durables Diversified Consumer Services Hotels Fertilisers Money Market Instruments IT Consulting & Services Cash & Current Assets Total
%
19.98% 17.20% 8.00% 6.45% 5.58% 4.34% 3.90% 3.02% 2.31% 2.23% 2.09% 1.88% 1.85% 1.83% 1.61% 1.22% 1.17% 0.74% 0.74% 0.72% 0.69% 0.68% 0.68% 0.58% 0.51% 0.50% 0.41% 0.36% 0.19% 0.00% 8.55% 100%
17.86% 14.26% 9.05% 8.60% 7.31% 4.06% 3.10% 3.01% 2.96% 2.73% 2.61% 2.43% 2.41% 2.26% 2.24% 2.18% 1.48% 1.22% 0.97% 0.83% 0.78% 0.58% 0.55% 6.55% -0.06% 100%
62
Industry Allocation
Birla Sun Life Small & Midcap Fund
Consumer Non Durables Banks Pharmaceuticals Auto Ancillaries Software Power Industrial Products Construction Transportation Textile Products Chemicals Cement Media & Entertainment Fertilisers Engineering Services Gas Industrial Capital Goods Minerals/Mining Diversified Consumer Services Ferrous Metals Finance Consumer Durables Pesticides Auto Hotels Cash & Cash Equivalents Net receivables / payables Total
Birla Sun Life India Reforms Fund

Banks Construction Project Power Fertilisers Industrial Capital Goods Oil Petroleum Products Transportation Industrial Products Telecom - Services Media & Entertainment Finance Retailing Minerals/Mining Ferrous Metals Construction Trading Cash & Cash Equivalents Net receivables / payables Total
Birla Sun Life Pure Value Fund

Banks Consumer Non Durables Pharmaceuticals Transportation Petroleum Products Fertilisers Industrial Products Auto Ancillaries Oil Power Cement Ferrous Metals Pesticides Non - Ferrous Metals Software Minerals/Mining Cash & Cash Equivalents Net receivables / payables

Banks Software Consumer Non Durables Pharmaceuticals Finance Petroleum Products Oil Auto Ancillaries Power Construction Project Non - Ferrous Metals Auto Telecom - Services Industrial Products Minerals/Mining Cement Engineering Services Textile Products Ferrous Metals Construction Fertilisers Cash & Cash Equivalents Net receivables / payables Total
%
26.25% 9.82% 8.88% 7.35% 6.86% 5.74% 4.87% 4.56% 4.53% 3.92% 3.22% 2.31% 1.98% 1.93% 1.02% 0.77% 6.56% -0.57%
%
18.82% 12.19% 11.52% 6.93% 6.19% 5.90% 5.65% 4.07% 3.92% 3.46% 3.32% 2.96% 2.58% 2.07% 1.86% 1.69% 1.08% 1.00% 0.96% 0.81% 0.69% 1.18% 1.14% 100%
11.58% 10.21% 8.29% 7.88% 6.74% 6.28% 5.35% 4.29% 3.97% 3.87% 3.64% 3.62% 3.31% 2.99% 2.00% 1.77% 1.34% 1.34% 1.29% 1.28% 1.11% 1.10% 0.95% 0.59% 0.41% 1.76% 3.04% 100%
24.66% 11.02% 9.98% 9.52% 7.79% 5.08% 4.78% 4.41% 3.95% 3.23% 3.20% 3.16% 2.92% 1.47% 1.01% 0.49% 0.38% 3.91% -0.95% 100%
Total
100%
63
Country/Industry Allocation
Birla Sun Life Commodity Equities Fund - Global Agri Plan
Allocation as a % of Net Assets United States of America Brazil United Kingdom Germany Australia Canada Singapore Switzerland Norway Israel Hong Kong Cash & Cash Equivalents Net receivables / payables Total % 52.19% 8.85% 6.21% 5.70% 4.76% 4.41% 4.19% 4.03% 3.82% 2.25% 0.00% 3.93% -0.34% 100%
Birla Sun Life Commodity Equities Fund - Global Multi Commodity Plan
Allocation as a % of Net Assets United States of America United Kingdom Canada Spain Norway Netherlands Australia France Switzerland Brazil Hong Kong Cash & Cash Equivalents Net receivables / payables Total % 85.85% 4.61% 4.52% 2.73% 2.26% 1.86% 1.67% 1.57% 1.02% 0.80% 0.00% 4.74% -11.62% 100%
Birla Sun Life International Equity Fund - Plan A

Allocation as a % of Net Assets United States of America Hong Kong Germany Norway Switzerland United Kingdom Australia Denmark Cash & Cash Equivalents Net receivables / payables Total % 72.08% 8.07% 4.60% 3.49% 3.05% 1.84% 1.75% 1.15% 4.92% -0.93% 100%
Birla Sun Life International Equity Fund - Plan B

United States of America Banks Software Consumer Non Durables Finance Construction Project Pharmaceuticals Auto Ancillaries Cement Hong Kong Auto Telecom - Services Petroleum Products Non - Ferrous Metals Minerals/Mining Media & Entertainment Germany Gas Industrial Products Oil Textile Products Switzerland Industrial Capital Goods Norway Ferrous Metals Transportation Construction United Kingdom
%
20.06% 13.55% 9.03% 7.34% 5.55% 5.14% 4.42% 3.32% 3.24% 2.43% 2.35% 2.28% 2.19% 2.03% 1.49% 1.43% 1.40% 1.17% 1.14% 1.12% 0.96% 0.90% 0.85% 0.75% 0.68% 0.62% 0.58% 0.54%
Birla Sun Life Commodity Equities Fund - Global Precious Metals Plan
Allocation as a % of Net Assets United States of America Canada United Kingdom Australia Hong Kong Cash & Cash Equivalents Net receivables / payables Total % 50.02% 33.54% 6.37% 2.74% 2.24% 8.15% -0.03 100%
Australia Denmark Cash & Cash Equivalents Net receivables / payables Total
0.50% 0.36% 3.02% -0.44% 100%
64
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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 Asset Management Company Ltd.(BSLAMC)/ 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 all the scheme related 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. Editorial opinions expressed in the Empower are not necessarily those of BSLAMC or any of their officers, employees, personnel, directors and BSLAMC and its officers, employees, personnel, directors do not accept responsibility for the editorial content. BSLAMC 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. The Material provided in the Empower cannot be reproduced or quoted anywhere without express permission from Birla Sun Life Asset Management Company Ltd.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Empower June 2012

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Empower June 2012

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Monthly Factsheet | June 2012

Invest in promising companies across industries

Frontline Equity Fund

For further details of the scheme, please refer to page no 28.

Call Toll-free 1-800-270-7000 (BSNL/MTNL) Visit www.birlasunlife.com sms GAIN to 56161

All About Mutual Funds

Debt Investment Outlook

Regular Income Solutions

Wealth Creation Solutions

Tax Savings Solutions

Benefits of Savings Solutions:

Birla Sun Life Cash Plus

As on May 31, 2012

Rating Profile of Portfolio

72.34% AAA Cash & Current Assets

Investment Performance - Retail Plan - Growth

NAV as on March 30, 2012: ` 281.8475

10.0000 25.8989 24.4974 23.5621

7.25 8.83 5.72 3.97

N/A 8.44 6.21 3.69

N/A 6.59 3.86 3.08

N/A 10659 10386 10308

0.09 years 10.06% 0% 0.67% 0.65% 0.63%

Top Ten Portfolio Holdings

Birla Sun Life Cash Manager

As on May 31, 2012

Rating Profile of Portfolio

Cash & Current Assets

Investment Performance - Retail Plan - Growth

NAV as on March 30, 2012: ` 259.5964

10.0000 23.8565 22.4515 21.5197

7.11 8.82 6.26 4.33

N/A 8.28 5.12 5.88

N/A 6.59 3.86 3.08

0.13 years 10.45% 15% 0.63% 0.65%

Top Ten Portfolio Holdings

4.48% CRISIL AAA 2.57% CRISIL AAA 2.32% CRISIL AAA

Birla Sun Life Savings Fund

As on May 31, 2012

Rating Profile of Portfolio

Investment Performance - Retail Plan - Growth

NAV as on March 30, 2012: ` 198.6414

10.0000 18.1928 17.1125 16.3633

6.87 9.19 6.31 4.58

N/A 8.28 5.12 5.88

N/A 6.59 3.86 3.08

N/A 10659 10386 10308

0.20 years 10.30% 39% 0.64% 0.61%

Top Ten Portfolio Holdings

4.49% CRISIL AAA

Birla Sun Life Ultra Short Term Fund

1 month + High Liquidity As on May 31, 2012

Rating Profile of Portfolio

65.10% Other Cash & Current Assets AAA

Investment Performance - Retail Plan - Growth

NAV as on March 30, 2012: ` 193.4296

10.0000 17.6990 16.6229 15.9151

6.85 9.29 6.47 4.45

5.20 6.59 3.86 3.08

Top Ten Portfolio Holdings

Birla Sun Life Dynamic Bond Fund

9 month + High Liquidity As on May 31, 2012

Rating Profile of Portfolio

13.25% 0.99% 26.08%