Life Invest Ement Report April 2009

Funds
Investment Report April, 2009
BALANCED & GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 LIFE LIQUID FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 LIFE INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 LIFE EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 LIFE AGGRESSIVE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 LIFE STABLE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 LIFE SHORT-TERM FIXED INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . 8 LIFE GROWTH MAXIMISER FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 LIFE LARGE CAP EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 LIFE GROWTH ENABLER FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 LIFE CAPITAL GUARANTEE FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 LIFE SELECT EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 110% CAPITAL GUARANTEE FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 TATA AIG TOP 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 TATA AIG TOP 200 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 TATA AIG AGGRESSIVE FLEXI FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 TATA AIG STABLE FLEXI FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 TATA AIG BOND FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 TATA AIG APEX INVESTMENT FUND. . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 WHOLE LIFE AGGRESSIVE GROWTH FUND . . . . . . . . . . . . . . . . . . . . . . . 21 WHOLE LIFE INCOME FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 WHOLE LIFE STABLE GROWTH FUND. . . . . . . . . . . . . . . . . . . . . . . . . . . 23 WHOLE LIFE MID-CAP EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . 24 WHOLE LIFE SHORT-TERM FIXED INCOME FUND . . . . . . . . . . . . . . . . . . . 25 FUTURE EQUITY PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 FUTURE CAPITAL GUARANTEE PENSION FUND . . . . . . . . . . . . . . . . . . . . 27 FUTURE GROWTH PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 FUTURE BALANCED PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 FUTURE INCOME PENSION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 FUTURE SELECT EQUITY FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
1
Balanced and Growth Fund

PERFORMANCE - BALANCED FUND

(NAV [in Rs.] as on 29-Apr-09 is 16.0310) PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 2-Mar-04 NAV 14.9730 14.7300 14.4610 18.8690 10.0000 NAV Change 7.07% 8.83% 10.86% -15.04% 60.31%
Note: The investment income and prices may go down as well as up.
PERFORMANCE - GROWTH FUND

(NAV [in Rs.] as on 29-Apr-09 is 17.9370) ) PERIOD DATE Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 2-Mar-04 NAV 16.2890 15.9890 16.1640 24.2220 10.0000 NAV Change 10.12% 12.18% 10.97% -25.95% 79.37%
Life Liquid Fund

Investment Objective: To provide safety of funds, liquidity and return on investments, in that order. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - LIFE LIQUID FUND (NAV [in Rs.] & CRISIL Liquid Fund Index as on 29-Apr-09 is 13.2090 and 1516.5388 respectively)
PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 2-Mar-04 NAV 13.1370 12.9890 12.7650 12.2960 10.0000 CRISIL Liquid Fund Index 1504.6261 1486.2349 1448.6698 1393.2176 1103.1500 NAV Change 0.55% 1.69% 3.48% 7.43% 32.09% INDEX Change 0.79% 2.04% 4.68% 8.85% 37.47%
RATING PROFILE
98.77%
ASSET ALLOCATION
98.77%
ASSET ALLOCATION CD/CP's Cash, Bank & Others NET ASSETS
% to NAV 98.77 1.23 100.00
1.23%
1.23%
CD/CP's Cash, Bank & Others
P1+
Cash, Bank & Others
RATING % to NAV P1+ 98.77 Cash, Bank & Others 1.23 TOTAL 100.00
MATURITY PROFILE
120.00% 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Less than 1 Year
PORTFOLIO Instrument CD/CP's State Bank Of Indore 2009 - CD ICICI Bank 2010 - CD Corporation Bank 2010 - CD Canara Bank 2010 - CD National Housing Bank 2009 - CP PFC Ltd. 2009 - CP Cash, Bank & Others Cash, Bank & Others NET ASSETS
Rating P1+ P1+ P1+ P1+ P1+ P1+
% of NAV 98.77 14.02 34.79 23.59 7.95 2.57 15.85 1.23 1.23 100.00
Life Income Fund

Investment Objective: To provide long-term capital appreciation by investing in high credit quality fixed-income instruments. Stability of return and protection of principal over a long-term investment horizon will be the prime driver for investment management. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - LIFE INCOME FUND (NAV [in Rs.] & CRISIL Composite Bond Fund Index as on 29-Apr-09 is 12.7750 and 1549.5941 respectively)
PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 2-Mar-04 NAV 12.4090 12.2540 11.3760 11.3530 10.0000 CRISIL Composite Bond Fund Index 1505.3334 1504.7636 1409.0856 1407.7449 1193.2000 NAV Change 2.95% 4.25% 12.30% 12.53% 27.75% INDEX Change 2.94% 2.98% 9.97%
11.03% 4.21%
ASSET ALLOCATION
73.19%
11.57%
10.08% 29.87%
Government Securities CD/CPs
Corporate Bonds Cash, Bank & Others
PORTFOLIO Instrument Govenment Securities 9.39% GOI 2011 7.59% GOI 2016 8.07% GOI 2017 7.46% GOI 2017 6.05% GOI 2019 Corporate Bonds 9.10% HDFC 2009 9.15% LIC Housing Finance 2010 8.50% Exim Bank 2011 7.00% PFC 2011 9.80% PFC 2012 9.85% Rural Elect Corp. 2017 8.55% HDFC Ltd.. 2009 10.00% HDFC Ltd.. 2010 9.68% IRFC 2010 11.00% IDFC 2010 9.35% ILFS 2010 10.95% Rural Elect Corp. 2011 8.60% IDFC 2011 9.20% Larsen & Toubro 2012 10.00% IDFC 2012 10.00% PFC 2012 7.20% Rural Elect Corp. 2012 9.45% REC 2013 10.10% Power Grid Corp 2013 10.75% Rural Elect Corp. 2013 9.50% Exim Bank 2013 9.20% Power Grid 2014 9.20% Power Grid 2015 8.95% IDFC 2018 11.00% PFC 2018 10.75% Reliance Industries 2018 8.65% IRFC 2024 CD/CP's State Bank Of Patiala 2009 - CD ICICI Bank 2009 - CD Cash, Bank & Others Cash, Bank & Others NET ASSETS
Rating Sovereign Sovereign Sovereign Sovereign Sovereign AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA P1+ P1+
% of NAV 11.03 0.11 4.47 0.78 0.45 5.22 73.19 1.52 2.18 3.49 2.12 0.46 2.75 3.42 2.43 1.40 5.32 3.50 2.29 2.62 1.77 3.91 4.55 1.69 2.69 0.69 1.88 4.53 4.50 1.58 0.87 2.46 6.80 1.75 4.21 2.53 1.68 11.57 11.57 100.00
ASSET ALLOCATION % to NAV Government Securities 11.03 Corporate Bonds 73.19 CD/CP's 4.21 Cash, Bank & Others 11.57 NET ASSETS 100.00
RATING PROFILE
73.19% 4.21%
11.57% 11.03%
Sovereign
AAA
P1+
Cash, Bank & Others
RATING % to NAV Sovereign 11.03 AAA 73.19 P1+ 4.21 Cash, Bank & Others 11.57 TOTAL 100.00
MATURITY PROFILE
30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00%
Less than 1 Year 1-3 Years 3-6 Years 6 Years and Above
Life Equity Fund

Investment Objective: To deliver medium to long-term capital appreciation through a portfolio essentially comprising of large cap stocks that can perform well through market and economic cycles. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - LIFE EQUITY FUND (NAV [in Rs.] & BSE SENSEX as on 29-Apr-09 is 19.8290 and 11403.25 respectively)
PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 2-Mar-04 NAV 17.1250 16.7370 17.9120 33.1370 10.0000 BSE Sensex 9708.50 9424.24 9788.06 17287.31 5823.17 NAV Change 15.79% 18.47% 10.70% -40.16% 98.29% PORTFOLIO Instrument
Equity Action Construction Equipments Ltd. Alstom Projects India Ltd. Areva T&D India Ltd. Asian Paints (India) Ltd. Axis Bank Ltd. Bank Of Baroda Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Cesc Ltd. Crompton Greaves Ltd. DLF Ltd. Elecon Engineering Co Ltd. Emco Ltd. Exide Industries Ltd. Glenmark Pharmaceuticals Ltd. Gujarat Nre Coke Ltd. Gujarat State Petronet Ltd. Hindustan Construction Co Ltd. Hindustan Unilever Ltd. HDFC Bank HDFC Ltd. ICICI Bank Ltd. Infosys Technologies Ltd. Infrastructure Dev Fin Co Ltd. ITC Ltd. Ivrcl Infrastructures & Projects Ltd. Kalpataru Power Transmission Ltd. Larsen And Toubro Ltd. LIC Housing Finance Ltd. Mahindra And Mahindra Ltd. Mcnally Bharat Engineering Co Ltd. Oil & Natural Gas Corp Ltd. Piramal Healthcare Limited Punj Lloyd Ltd. Punjab National Bank Reliance Industries Ltd. Reliance Petroleum Ltd. Simplex Infrastructures Ltd. Sintex Industries Ltd. State Bank Of India Sterlite Industries (India) Ltd. Sun Pharmaceutical Industries Ltd. Tata Chemicals Ltd. TRF Ltd. Union Bank Of India Ltd. United Spirits Ltd. Voltas Limited Zee News Ltd. Fixed Deposits 2.50% HSBC 2009 CD/CP's State Bank of Indore 2009 - CD ICICI Bank 2010 - CD Canara Bank 2010 - CD PFC 2009 -CP Cash, Bank & Others Cash, Bank & Others NET ASSETS
INDEX Change 17.46% 21.00% 16.50% -34.04% 95.83% Industry/Rating

Construction Engineering Electric Equipment Paints Banks Banks Electric Equipment Telecommunications Power Generation & Supply Electric Equipment Construction Engineering Transformers Auto Ancillaries Pharmaceuticals Metallurgical Coke Petroleum Construction Diversified Banks Finance Banks Computers - Software Finance & Investments Cigarettes Construction Transmisson Line Towers Engineering Finance Automobiles Engineering Refineries Pharmaceuticals Construction Banks Refineries Petroleum Construction Diversified Banks Metal Pharmaceuticals Fertilizers Engineering Banks Distilleries Diversified Entertainment
SECTOR-WISE BREAK-UP
11.96% 2.00% 1.35% 0.60% 20.62% 5.68% 4.62% 3.44% 3.54% 0.96% 1.94% 4.30% 6.04% 11.69% 4.49% 0.82% 0.70% 1.29% 4.29% 0.98% 1.05%
Auto Ancillaries Cigarettes Distilleries Engineering Finance Metallurgical Coke Pharmaceuticals Telecommunications CD/CP's Automobiles Computers - Software Diversified Entertainment Finance & Investments Paints Power Generation & Supply Transformers Cash, Bank & Others
% of NAV
80.36 0.18 0.31 1.00 1.05 2.41 2.18 1.17 6.04 1.29 2.13 0.58 0.34 0.29 1.35 0.46 0.10 0.63 0.48 0.62 5.04 2.14 3.83 3.44 1.53 4.62 1.03 0.15 3.51 1.21 0.60 0.32 3.45 0.94 0.71 2.16 8.23 0.35 0.56 1.12 3.92 2.23 2.89 0.70 0.00 1.08 0.96 0.20 0.82 2.00 2.00 5.68 0.69 1.88 0.50 2.60 11.96 11.96 100.00
0.15% 0.29%
2.23% 0.10%
3.35% 1.53%
Banks Construction Electric Equipment Fertilizers Metal Petroleum Refineries Transmisson Line Towers Fixed Deposits
SECTOR STRATEGY Sector % to NAV

Auto Ancillaries Automobiles Banks Cigarettes Computers - Software Construction Distilleries Diversified Electric Equipment Engineering Entertainment Fertilizers Finance Finance & Investments 1.35 0.60 20.62 4.62 3.44 3.54 0.96 1.94 4.30 4.49 0.82 0.70 3.35 1.53
Sector
Metal Metallurgical Coke Paints Petroleum Pharmaceuticals
Power Generation & Supply
% to NAV
2.23 0.10 1.05 0.98 4.29 1.29 11.69 6.04 0.29 0.15 5.68 11.96 2.00 100.00
Refineries Telecommunications Transformers Transmisson Line Towers CD/CP's Cash, Bank & Others Fixed Deposits Total
ASSET ALLOCATION
80.36%
11.96% 2.00% 5.68%
Equity Fixed Deposits
CD/CP's Cash, Bank & Others
ASSET ALLOCATION Equity CD/CP's Fixed Deposits Cash, Bank & Others NET ASSETS
% to NAV 80.36 5.68 2.00 11.96 100.00
P1+ P1+ P1+ P1+
Life Aggressive Growth Fund

Investment Objective: To maximise the return while investing in a mix of Equity & Fixed-Income Investments. The fund will maintain a medium to high risk profile. The Equity investments will be in a range of 50% - 80% of the fund. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - LIFE AGGRESSIVE GROWTH FUND (NAV [in Rs.] as on 29-Apr-09 is 10.9600)
PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception PORTFOLIO Instrument
Equity ABB Ltd Action Construction Equipments Ltd Alstom Projects India Ltd Areva T&D India Ltd Asian Paints (India) Ltd Axis Bank Ltd Bank Of Baroda Ltd Bharat Heavy Electricals Ltd Bharti Airtel Ltd Cesc Ltd Crompton Greaves Ltd Dishman Pharmaceuticals & Chemicals Ltd Elecon Engineering Co Ltd Emco Ltd Exide Industries Ltd Glenmark Pharmaceuticals Ltd Gujarat Nre Coke Ltd Gujarat State Petronet Ltd Hindustan Construction Co Ltd Hindustan Unilever Ltd HDFC Bank HDFC Ltd ICICI Bank Ltd Infosys Technologies Ltd Infrastructure Dev Fin Co Ltd ITC Ltd Ivrcl Infrastructures & Projects Ltd Larsen And Toubro Ltd LIC Housing Finance Ltd Mahindra And Mahindra Ltd Marico Ltd Mcnally Bharat Engineering Co Ltd NTPC Ltd Oil & Natural Gas Corp Ltd Oriental Bank Of Commerce Piramal Healthcare Limited Punj Lloyd Ltd Punjab National Bank Reliance Industries Ltd Reliance Petroleum Ltd Rural Electrification Corporation Ltd Siemens India Ltd Simplex Infrastructures Ltd Sintex Industries Ltd State Bank Of India Sterlite Industries (India) Ltd Sun Pharmaceutical Industries Ltd Tata Chemicals Ltd Tata Power Co Ltd Television Eighteen India Ltd Thermax Limited United Spirits Ltd Voltas Limited Zee News Ltd Corporate Bonds Citifin Cons Fin I Ltd Nsembr+300Bps 8.40% Exim Bank 2010 8.55% HDFC Ltd. 2009 9.68% IRFC 2008 9.35% ILFS 2010 8.60% IDFC 2011 9.80% PFC 2012 10.25% HDFC Ltd. 2012 9.50% HDFC Ltd. 2013 9.45% REC 2013 10.9% Rural Elect Corp. 2013 8.95% IDFC 2018 Cash Bank & Others NET ASSETS
DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 1-Jul-06
NAV 9.8900 9.7710 9.7650 13.8250 10.0000 Industry/Rating
NAV Change 10.82% 12.17% 12.24% -20.72% 9.60% % of NAV

53.16 0.32 0.07 0.01 0.43 0.69 1.29 1.31 0.71 3.33 1.00 1.16 0.35 0.16 0.13 0.90 0.41 0.10 0.36 0.15 0.79 3.12 1.62 2.53 2.82 0.76 2.62 1.15 1.92 1.21 0.29 0.98 0.16 0.63 1.88 0.85 0.46 0.38 0.84 5.01 0.40 1.02 0.20 0.25 1.02 2.36 1.00 1.39 0.45 0.60 0.10 0.20 0.51 0.20 0.56 29.71 0.66 3.70 2.00 0.20 4.78 1.36 1.41 3.57 2.80 2.10 2.36 4.77 17.12 100.00
INDEX Change 12.38% 14.69% 14.22% -18.60% 12.84%
17.12% 0.90% 0.29% 12.30% 29.71% 2.62% 2.82% 2.00% 0.51% 2.00% 0.13% 3.33% 6.89% 2.22% 2.63% 0.76% 0.98% 0.69% 2.63% 2.44% 0.66% 0.45% 0.10% 1.00% 0.76% 3.85%
Automobiles Cigarettes Construction Diversified Electronics Entertainment Finance Metal Paints Petroleum Power Generation & Supply Telecommunications Corporate Bonds
0.20%
Electric Equipment Construction Engineering Electric Equipment Paints Banks Banks Electric Equipment Telecommunications Power Generation & Supply Electric Equipment Pharmaceuticals Engineering Transformers Auto Ancillaries Pharmaceuticals Metallurgical Coke Petroleum Construction Diversified Banks Finance Banks Computers - Software Finance & Investments Cigarettes Construction Engineering Finance Automobiles Personal Care Engineering Power Generation & Supply Refineries Banks Pharmaceuticals Construction Banks Refineries Petroleum Finance Electronics Construction Diversified Banks Metal Pharmaceuticals Fertilizers Power Generation & supply Entertainment Engineering Distilleries Diversified Entertainment AA+ AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA
Auto Ancillaries Banks Computers - Software Distilleries Electric Equipment Engineering Fertilizers Finance & Investments Metallurgical Coke Personal Care Pharmaceuticals Refineries Transformers Cash, Bank & Others

Auto Ancillaries Automobiles Banks Cigarettes Computers - Software Construction Distilleries Diversified Electric Equipment Electronics Engineering Entertainment Fertilizers Finance 0.90 0.29 12.30 2.62 2.82 2.00 0.51 2.00 2.63 0.20 2.44 0.66 0.45 3.85
Sector
Finance & Investments Metal Metallurgical Coke Paints Personal Care Petroleum Pharmaceuticals
% to NAV
0.76 1.00 0.10 0.69 0.98 0.76 2.63 Power Generation & Supply 2.22 Refineries 6.89 Telecommunications 3.33 Transformers 0.13 Corporate Bonds 29.71 Cash, Bank & Others 17.12 Total 100.00
ASSET ALLOCATION
53.16%
17.12%
29.71%
Equity
Corporate Bonds
Cash, Bank & Others
ASSET ALLOCATION Equity Corporate Bonds Cash, Bank & Others NET ASSETS
% of NAV 53.16 29.71 17.12 100.00
Life Stable Growth Fund

Investment Objective: To provide reasonable returns by investing in a mix of Equity and Fixed-Income instruments. The fund will maintain low to medium risk profile with the equity investments ranging from 30% - 50% of the fund. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - LIFE STABLE GROWTH FUND (NAV [in Rs.] as on 29-Apr-09 is 11.8300)
Equity ABB Ltd. Action Construction Equipments Ltd. Alstom Projects India Ltd. Areva T&D India Ltd. Asian Paints (India) Ltd. Axis Bank Ltd. Bank Of Baroda Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Cesc Ltd. Crompton Greaves Ltd.
Dishman Pharmaceuticals & Chemicals Ltd.
DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 1-Jul-06
NAV 11.0050 10.8430 10.5500 12.8660 10.0000
NAV Change 7.50% 9.10% 12.13% -8.05% 18.30% % of NAV

34.02 0.28 0.06 0.10 0.37 0.63 0.95 0.75 0.76 2.04 0.53 0.73 0.09 0.02 0.04 0.74 0.31 0.07 0.15 0.10 0.67 2.01 1.18 1.37 1.72 0.66 1.83 0.72 0.18 1.10 0.83 0.70 0.05 0.27 1.23 0.45 0.33 0.49 3.40 0.16 0.20 0.64 1.46 0.82 0.87 0.29 0.06 0.08 0.56 0.44 0.11 0.41 45.08 2.85 8.73 4.70 6.08 3.63 12.10 7.00 20.90
INDEX Change 8.75% 10.19% 12.58% -7.57% 16.67%
1.42% 0.44% 1.36%0.47% 0.29% 2.02% 2.14% 0.66% 0.07% 0.63% 0.70% 0.30% 1.27% 0.80% 4.63% 0.74% 2.04% 0.04% 20.90% 45.08%
Auto Ancillaries Cigarettes Construction Diversified Engineering Fertilizers Finance & Investments Metallurgical Coke Personal Care Pharmaceuticals Refineries Transformers Cash, Bank & Others Banks Computers - Software Distilleries Electric Equipment Entertainment Finance Metal Paints Petroleum Power Generation & Supply Telecommunications Corporate Bonds
0.82%
1.61% 1.72% 1.83% 8.03%
Industry/Rating
Electric Equipment Construction Engineering Electric Equipment Paints Banks Banks Electric Equipment Telecommunications

Auto Ancillaries Banks Cigarettes Computers - Software Construction Distilleries Diversified Electric Equipment Engineering Entertainment Fertilizers Finance Finance & Investments 0.74 8.03 1.83 1.72 1.61 0.44 1.42 2.14 1.36 0.47 0.29 2.02 0.66
Sector
Metal Metallurgical Coke Paints Personal Care Petroleum Pharmaceuticals
% to NAV
0.82 0.07 0.63 0.70 0.30 1.27 0.80 4.63 2.04 0.04 45.08 20.90 100.00
Elecon Engineering Co Ltd. Emco Ltd. Exide Industries Ltd. Glenmark Pharmaceuticals Ltd. Gujarat Nre Coke Ltd. Gujarat State Petronet Ltd. Hindustan Construction Co Ltd. Hindustan Unilever Ltd. HDFC Bank HDFC Ltd. ICICI Bank Ltd. Infosys Technologies Ltd. Infrastructure Dev Fin Co Ltd. ITC Ltd. Ivrcl Infrastructures & Projects Ltd. Jaiprakash Associates Ltd. Larsen And Toubro Ltd. LIC Housing Finance Ltd. Marico Ltd. Mcnally Bharat Engineering Co Ltd. NTPC Ltd. Oil & Natural Gas Corp Ltd. Oriental Bank Of Commerce Punj Lloyd Ltd. Punjab National Bank Reliance Industries Ltd. Reliance Petroleum Ltd. Simplex Infrastructures Ltd. Sintex Industries Ltd. State Bank Of India Sterlite Industries (India) Ltd. Sun Pharmaceutical Industries Ltd. Tata Chemicals Ltd. Television Eighteen India Ltd. Thermax Limited Union Bank Of India Ltd. United Spirits Ltd. Voltas Limited Zee News Ltd. Corporate Bonds Citifin Cons Fin I Ltd. Nsembr+300Bps 8.40% Exim Bank 2010 9.05% IDFC 2010 9.80% PFC 2012 9.50% HDFC MD 2013 9.45% REC 2013 10.9% Rural Elect Corp. 2013 Cash, Bank & Others
Electric Equipment Pharmaceuticals Engineering Transformers Auto Ancillaries Pharmaceuticals Metallurgical Coke Petroleum Construction Diversified Banks Finance Banks Computers - Software Finance & Investments Cigarettes Construction Construction Engineering Finance Personal Care Engineering
Refineries Telecommunications Transformers Corporate Bonds Cash, Bank & Others Total
ASSET ALLOCATION
20.90% 34.02%
Refineries Banks Construction Banks Refineries Petroleum Construction Diversified Banks Metal Pharmaceuticals Fertilizers Entertainment Engineering Banks Distilleries Diversified Entertainment AA+ AAA AAA AAA AAA AAA AAA
45.08%
Equity
Corporate Bonds
Cash, Bank & Others
% of NAV 34.02 45.08 20.90 100.00
NET ASSETS
100.00
Life Short-Term Fixed Income Fund

Investment Objective: The primary objective is to generate stable returns by investing in fixed income securities having maturities between 1 & 3 years. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - LIFE SHORT-TERM FIXED INCOME FUND

(NAV [in Rs.] & CRISIL Short-Term Bond Index as on 29-Apr-09 is 12.1440 and 1569.8357 respectively) PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 1-Jul-06 NAV 11.9540 11.7460 11.1370 10.9470 10.0000 CRISIL Short-Term Bond Index 1541.8147 1525.5280 1449.6068 1415.0813 1241.9973 NAV Change 1.59% 3.39% 9.04% 10.93% 21.44% INDEX Change 1.82% 2.90% 8.29% 10.94% 26.40%
RATING PROFILE
19.56%
68.58%
ASSET ALLOCATION
11.87%
AAA P1+ Cash, Bank & Others
68.58%
19.56% 11.87%
Corporate Bonds CD/CPs Cash, Bank & Others
RATING % to NAV AAA 68.58 P1+ 11.87 Cash, Bank & Others 19.56 TOTAL 100.00
ASSET ALLOCATION Corporate Bonds CD/CP's Cash, Bank & Others NET ASSETS
% to NAV 68.58 11.87 19.56 100.00
MATURITY PROFILE
100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Less than 1 Year 1-3 Years 3-6 Years
PORTFOLIO Instrument Corporate Bonds 9.10% HDFC Ltd. 2009 8.40% Exim Bank 2010 9.05% IDFC 2009 7.20% HDFC Ltd. 2010 9.68% IRFC 2010 8.60% IDFC 2011 9.45% LIC Housing 2012 9.50% HDFC 2013 CD/CP's Canara Bank 2010 Cash, Bank & Others Cash, Bank & Others NET ASSETS
Rating AAA AAA AAA AAA AAA AAA AAA AAA P1+
% of NAV 68.58 10.13 6.46 3.80 20.36 6.55 5.23 12.01 4.03 11.87 11.87 19.56 19.56 100.00
Life Growth Maximiser Fund

Investment Objective: The primary objective of the fund is to maximise the returns with medium to high risk. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - LIFE GROWTH MAXIMISER FUND (NAV [in Rs.] as on 29-Apr-09 is 7.0300)
Equity ABB Ltd. Action Construction Equipments Ltd. Alstom Projects India Ltd. Areva T&D India Ltd. Asian Paints (India) Ltd. Axis Bank Ltd. Bank Of Baroda Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Cesc Ltd. Crompton Greaves Ltd. Elecon Engineering Co Ltd. Emco Ltd. Exide Industries Ltd.
Glaxosmithkline Consumer Healthcare Ltd.
DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 15-Oct-07
NAV 6.3950 6.3130 6.3840 9.1030 10.0000
NAV Change 9.93% 11.36% 10.12% -22.77% -29.70%
INDEX Change 10.78% 14.59% 16.74% -17.76% -20.29%
0.06% 3.18% 2.49% 0.96% 2.63% 2.21% 2.18% 12.79% 0.08% 1.02% 28.99%
Auto Ancillaries Cigarettes Distilleries Electronics Fertilizers Metal Personal Care Power Generation & Supply Transformers
1.91%
0.76% 0.13% 2.65%
0.72% 0.86% 0.05% 0.98% 0.72% 0.16% 2.42% 2.56% 6.99% 3.00% 19.46%
Automobiles Computers - Software Diversified Engineering Finance Metallurgical Coke Petroleum Refineries Corporate Bonds
Industry/Rating
Electric Equipment Construction Engineering Electric Equipment Paints Banks Banks Electric Equipment Telecommunications
% of NAV
51.55 0.36 0.05 0.10 0.34 0.98 1.17 1.23 1.30 3.00 0.98 1.17 0.07 0.04 1.02 0.52 0.56 0.05 0.05 1.23 3.11 1.27 2.51 2.21 0.72 2.18 1.17 0.15 1.66 1.38 0.08 0.72 0.04 1.11 2.45 0.82 0.49 0.80 4.54 0.16 0.06 0.74 1.17 2.28 0.86 1.34 0.13 0.47 0.08 0.04 0.86 0.96 0.08 0.69 19.46 8.55 2.09 6.60 2.22 28.99 28.99
0.04%
Banks Construction Electric Equipment Entertainment Finance & Investments Paints Pharmaceuticals Telecommunications Cash, Bank & Others

Auto Ancillaries Automobiles Banks Cigarettes Computers - Software Construction Distilleries Diversified Electric Equipment Electronics Engineering Entertainment Fertilizers Finance Finance & Investments 1.02 0.08 12.79 2.18 2.21 2.63 0.96 2.49 3.18 0.06 1.91 0.76 0.13 2.65 0.72
Sector
Metal Metallurgical Coke Paints Personal Care Petroleum Pharmaceuticals
% to NAV
0.86 0.05 0.98 0.72 0.16 2.42 2.56 6.99 3.00 0.04 19.46 28.99 100.00
Glenmark Pharmaceuticals Ltd. Gujarat Nre Coke Ltd. Hindustan Construction Co Ltd. Hindustan Unilever Ltd. HDFC Bank HDFC Ltd. ICICI Bank Ltd. Infosys Technologies Ltd. Infrastructure Dev Fin Co Ltd. ITC Ltd. Ivrcl Infrastructures & Projects Ltd. Jaiprakash Associates Ltd. Larsen And Toubro Ltd. LIC Housing Finance Ltd. Mahindra And Mahindra Ltd. Marico Ltd. Mcnally Bharat Engineering Co Ltd. Ntpc Ltd. Oil & Natural Gas Corp Ltd. Oriental Bank Of Commerce Punj Lloyd Ltd. Punjab National Bank Reliance Industries Ltd. Reliance Petroleum Ltd. Siemens India Ltd. Simplex Infrastructures Ltd. Sintex Industries Ltd. State Bank Of India Sterlite Industries (India) Ltd. Sun Pharmaceutical Industries Ltd. Tata Chemicals Ltd. Tata Power Co Ltd. Television Eighteen India Ltd. Thermax Limited Union Bank Of India Ltd. United Spirits Ltd. Voltas Limited Zee News Ltd. Corporate Bonds 8.40% Exim Bank 2010 6.98% IRFC 2012 8.83% IRFC 2012 9.50% HDFC 2013 Cash, Bank & Others Cash, Bank & Others
Electric Equipment Engineering Transformers Auto Ancillaries Pharmaceuticals Pharmaceuticals Metallurgical Coke Construction Diversified Banks Finance Banks Computers - Software Finance & Investments Cigarettes Construction Construction Engineering Finance Automobiles Personal Care Engineering
Refineries Banks Construction Banks Refineries Petroleum Electronics Construction Diversified Banks Metal Pharmaceuticals Fertilizers
ASSET ALLOCATION
19.46%
51.55%
28.99%
Entertainment Engineering Banks Distilleries Diversified Entertainment AAA AAA AAA AAA
Equity
Corporate Bonds
Cash, Bank & Others
% to NAV 51.55 19.46 28.99 100.00
NET ASSETS
100.00
Life Large Cap Equity Fund

Investment Objective: The primary investment objective of the fund is to generate long-term capital appreciation from a portfolio that is invested pre-dominantly in equity and equity linked securities. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - LIFE LARGE CAP EQUITY FUND (NAV [in Rs.] & S&P CNX NIFTY as on 29-Apr-09 is 6.5510 and 3473.95 respectively)
PERIOD Last 1 Month Last 3 Month Last 6 Month Last 1 Year Since Inception PORTFOLIO Instrument
Equity Action Construction Equipments Ltd. Alstom Projects India Ltd. Areva T&D India Ltd. Asian Paints (India) Ltd. Axis Bank Ltd. Bank Of Baroda Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Cesc Ltd. Crompton Greaves Ltd.
DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 7-Jan-08
NAV 5.7290 5.6740 5.9480 9.8610 10.0000
S&P CNX NIFTY 3020.95 2874.80 2885.60 5165.90 6279.10
NAV Change INDEX Change 14.35% 15.00% 15.46% 20.84% 10.14% 20.39% -33.57% -32.75% -34.49% -44.67%
Industry
Construction Engineering Electric Equipment Paints Banks Banks Electric Equipment Telecommunications
% of NAV
75.11 0.06 0.23 0.31 0.68 2.21 2.18 0.94 6.52 1.34 2.13 0.73 0.46 0.16 0.12 1.37 0.76 0.10 0.41 0.25 0.78 4.58 2.00 3.19 2.43 1.51 4.03 0.96 2.64 1.22 0.36 0.13 3.98 1.14 0.72 0.77 1.82 7.82 0.48 0.78 1.26 3.83 1.53 2.49 0.31 0.06 1.44 1.04 0.19 0.64 24.89 24.89
ASSET ALLOCATION
75.11%
24.89%
Equity
Cash, Bank & Others
DLF Ltd. Elecon Engineering Co Ltd. Emco Ltd. Exide Industries Ltd. Glenmark Pharmaceuticals Ltd. Gujarat Nre Coke Ltd. Gujarat State Petronet Ltd. Hindustan Construction Co Ltd. Hindustan Unilever Ltd. HDFC Bank HDFC Ltd. ICICI Bank Ltd. Infosys Technologies Ltd. Infrastructure Dev Fin Co Ltd. ITC Ltd. Ivrcl Infrastructures & Projects Ltd. Larsen And Toubro Ltd. LIC Housing Finance Ltd. Mahindra And Mahindra Ltd. Mcnally Bharat Engineering Co Ltd. Oil & Natural Gas Corp Ltd. Oriental Bank Of Commerce Piramal Healthcare Limited Punj Lloyd Ltd. Punjab National Bank Reliance Industries Ltd. Reliance Petroleum Ltd. Simplex Infrastructures Ltd. Sintex Industries Ltd. State Bank Of India Sterlite Industries (India) Ltd. Sun Pharmaceutical Industries Ltd. Tata Chemicals Ltd. Television Eighteen India Ltd. Union Bank Of India Ltd. United Spirits Ltd. Voltas Limited Zee News Ltd. Cash, Bank & Others Cash, Bank & Others
Electric Equipment Pharmaceuticals Construction Engineering Transformers Auto Ancillaries Pharmaceuticals Metallurgical Coke Petroleum Construction Diversified Banks Finance Banks Computers - Software Finance & Investments Cigarettes Construction Engineering Finance Automobiles Engineering Refineries Banks Pharmaceuticals Construction Banks Refineries Petroleum Construction Diversified Banks Metal Pharmaceuticals Fertilizers Entertainment Banks Distilleries Diversified Entertainment
ASSET ALLOCATION Equity Cash, Bank & Others NET ASSETS
% of NAV 75.11 24.89 100.00

Auto Ancillaries Automobiles Banks Cigarettes Computers - Software Construction Distilleries Diversified Electric Equipment Engineering Entertainment Fertilizers Finance 1.37 0.36 20.40 4.03 2.43 3.28 1.04 2.23 3.38 3.16 0.70 0.31 3.22
Sector
Finance & Investments Metal Metallurgical Coke Paints Petroleum Pharmaceuticals Power Generation & Supply Refineries Telecommunications Transformers Cash, Bank & Others Total
% to NAV
1.51 1.53 0.10 0.68 0.89 4.71 1.34 11.81 6.52 0.12 24.89 100.00
2.43% 4.03% 3.28% 1.04% 2.23% 3.38% 3.16% 0.70% 0.31% 3.22% 1.51% 1.53% 0.10% 0.68% 0.89% 0.36% 1.37% 11.81% 24.89%
Auto Ancillaries Cigarettes Distilleries Engineering Finance Metallurgical Coke Pharmaceuticals Telecommunications
20.40%
4.71% 1.34% 6.52% 0.12%

Automobiles Computers - Software Diversified Entertainment Finance & Investments Paints Power Generation & Supply Transformers Banks Construction Electric Equipment Fertilizers Metal Petroleum Refineries Cash, Bank & Others
NET ASSETS
100.00
10
Life Growth Enabler Fund

Investment Objective: The primary investment objective of the fund is to provide reasonable returns with low to medium risk. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - LIFE GROWTH ENABLER FUND

(NAV [in Rs.] as on 29-Apr-09 is 8.9540) PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 15-Oct-07 NAV 8.4390 8.5220 8.5060 10.2070 10.0000 NAV Change 6.10% 5.07% 5.27% -12.28% -10.46% INDEX Change 7.76% 10.12% 14.14% -7.06% -7.12% SECTOR STRATEGY Sector
43.44% 35.04%
ASSET ALLOCATION
21.52%
Equity
Government Securities
Cash, Bank & Others
PORTFOLIO Instrument
Equity Action Construction Equipments Ltd. Ambuja Cements Ltd. Areva T&D India Ltd. Asian Paints (India) Ltd. Axis Bank Ltd. Bank Of Baroda Ltd. Bharat Electronics Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Cesc Ltd. Crompton Greaves Ltd. Elecon Engineering Co Ltd. Exide Industries Ltd.
Glaxosmithkline Consumer Healthcare Ltd.
% to NAV
0.68 8.23 0.27 1.71 1.49 1.18 1.46 2.86 1.26 1.64 0.63 0.54 0.09 0.58 0.20 2.53 2.26 4.68 2.10 0.64 21.52 43.44 100.00
Rating
Construction Cement Electric Equipment Paints Banks Banks Electric Equipment Electric Equipment Telecommunications
% of NAV
35.04 0.05 0.27 0.36 0.58 0.92 0.86 0.63 0.82 2.10 0.77 1.05 0.04 0.68 0.68 0.59 0.09 0.05 0.77 1.99 0.97 1.58 1.49 0.63 1.71 0.78 0.11 0.64 1.21 0.91 1.71 0.86 0.55 2.97 0.20 0.68 0.17 0.69 1.47 0.54 1.26 0.59 21.52 21.52 43.44 43.44
Glenmark Pharmaceuticals Ltd. Gujarat Nre Coke Ltd. Hindustan Construction Co Ltd. Hindustan Unilever Ltd. HDFC Bank HDFC Ltd. ICICI Bank Ltd. Infosys Technologies Ltd. Infrastructure Dev Fin Co Ltd. ITC Ltd. Ivrcl Infrastructures & Projects Ltd. Jaiprakash Associates Ltd. Jyoti Structures Ltd. Larsen And Toubro Ltd. NTPC Ltd. Oil & Natural Gas Corp Ltd. Oriental Bank Of Commerce Punjab National Bank Reliance Industries Ltd. Reliance Petroleum Ltd. Rural Electrification Corporation Ltd. Simplex Infrastructures Ltd. Sintex Industries Ltd. State Bank Of India Sterlite Industries (India) Ltd. Sun Pharmaceutical Industries Ltd. Tata Power Co Ltd. Government Securities 9.39% GOI 2011 Cash, Bank & Others Cash, Bank & Others
Electric Equipment Engineering Auto Ancillaries Pharmaceuticals Pharmaceuticals Metallurgical Coke Construction Diversified Banks Finance Banks Computers - Software Finance & Investments Cigarettes Construction Construction Transmisson Line Towers Engineering
Auto Ancillaries Banks Cement Cigarettes Computers - Software Construction Diversified Electric Equipment Engineering Finance Finance & Investments Metal Metallurgical Coke Paints Petroleum Pharmaceuticals Power Generation & Supply Refineries Telecommunications Transmisson Line Towers Government Securities Cash, Bank & Others Total
43.44% 21.52% 0.64% 2.10% 4.68% 2.26% 2.53% 0.20% 0.58% 0.09% 0.54% 0.63% 1.64% 0.27% 1.71% 1.49% 1.18% 1.26% 1.46% 2.86%
Banks Cigarettes Construction Electric Equipment Finance Metal Paints Pharmaceuticals Refineries Transmisson Line Towers Cash, Bank & Others
0.68% 8.23%
Refineries Banks Banks Refineries Petroleum Finance Construction Diversified Banks Metal Pharmaceuticals
Auto Ancillaries Cement Computers - Software Diversified Engineering Finance & Investments Metallurgical Coke Petroleum Power Generation & Supply Telecommunications Government Securities
Sovereign
NET ASSETS
100.00
ASSET ALLOCATION Equity Government Securities Cash, Bank & Others NET ASSETS
% to NAV 35.04 21.52 43.44 100.00
11
Life Capital Guarantee Fund

Investment Objective: The key objective of the fund is to protect the capital by investing in high quality fixed-income securities and, at the same time, provide access to the upside potential of equities by investing a maximum of 15% in equities and equity-linked instruments. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - LIFE CAPITAL GUARANTEE FUND (NAV [in Rs.] as on 29-Apr-09 is 11.1460)
) PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 15-Oct-07 NAV 10.9390 10.7450 10.1100 10.1170 10.0000 NAV Change 1.89% 3.73% 10.25% 10.17% 11.46% INDEX Change 4.75% 5.66% 11.53% 3.65% 6.05%
PORTFOLIO Instrument Corporate Bonds 8.40% Exim Bank 2010 7.20% HDFC 2010 9.45% LIC Housing 2012 9.50% HDFC 2013 Cash, Bank & Others Cash, Bank & Others NET ASSETS
Rating AAA AAA AAA AAA
% of NAV 73.90 26.00 10.24 26.84 10.82 26.10 26.10 100.00
Rating AAA Cash, Bank & Others Total
% to NAV 73.90 26.10 100.00
ASSET ALLOCATION
26.10%
Rating Profile
26.10%
73.90%
73.90%
Corporate Bonds
Cash, Bank & Others
AAA
Cash, Bank & Others
ASSET ALLOCATION Corporate Bonds Cash, Bank & Others NET ASSETS
% of NAV 73.90 26.10 100.00
MATURITY PROFILE
12
Life Select Equity Fund

Investment Objective: The primary investment objective of the fund is to provide income distribution over a period of medium to long term while at all times emphasizing the importance of capital appreciation. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood - 60% - 100% Investment Pattern: Equity Cash/Money Market - up to 40%
PERFORMANCE - LIFE SELECT EQUITY FUND (NAV [in Rs.] as on 29-Apr-09 is 11.3020)
PORTFOLIO Instrument Industry % of NAV Equity 61.21 ABB Ltd. Electric Equipment 0.84 Asian Paints (India) Ltd. Paints 1.93 Bharat Electronics Ltd. Electric Equipment 0.93 Bharat Heavy Electricals Ltd. Electric Equipment 0.34 Bharti Airtel Ltd. Telecommunications 5.22 Colgate-Palmolive (India) Ltd. Cosmetics & toiletries 0.99 Container Corp Of India Ltd. Transport support services 0.79 Crompton Greaves Ltd. Electric Equipment 2.50 Dishman Pharmaceuticals & Chemicals Ltd.Pharmaceuticals 0.91 Exide Industries Ltd. Auto Ancillaries 1.80 Gail India Ltd. Gas distribution 0.89 Glaxosmithkline Consumer Healthcare Ltd. Pharmaceuticals 0.06 Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.12 Hero Honda Motors Ltd. Automobile 1.02 Hindustan Unilever Ltd. Diversified 3.09 Infosys Technologies Ltd. Computers - Software 3.14 Ivrcl Infrastructures & Projects Ltd. Construction 2.20 Jyoti Structures Ltd. Transmisson Line Towers 1.61 Larsen And Toubro Ltd. Engineering 4.88 Lupin Ltd. Pharmaceuticals 1.99 Mahindra And Mahindra Ltd. Automobiles 0.85 Marico Ltd. Personal Care 0.48 NTPC Ltd. Power Generation & Supply 2.37 Oil & Natural Gas Corp Ltd. Refineries 4.50 Punj Lloyd Ltd. Construction 0.80 Reliance Industries Ltd. Refineries 8.77 Steel Authority Of India Ltd. Steel 0.57 Sterlite Industries (India) Ltd. Metal 1.71 Sun Pharmaceutical Industries Ltd. Pharmaceuticals 2.39 Tata Power Co Ltd. Power Generation & Supply 0.93 Ultratech Cement Ltd. Cement 0.79 United Phosphorus Ltd. Trading 0.80 Cash, Bank & Others 38.79 Cash, Bank & Others 38.79 NET ASSETS 100.00
ASSET ALLOCATION
38.79%
SECTORWISE BREAKUP
1.71% 1.93% 0.89% 0.99% 3.01% 3.14% 0.79% 0.85% 1.02% 1.80% 38.79% 0.79% 1.61% 4.61% 3.09% 4.88% 0.48% 6.48% 3.30% 13.26% 0.57% 5.22% 0.80%
Auto Ancillaries Automobiles Computers - Software Cosmetics & toiletries Electric Equipment Gas distribution Paints Pharmaceuticals Refineries Telecommunications Transmisson Line Towers Cash, Bank & Others
Automobile Cement Construction Diversified Engineering Metal Personal Care Power Generation & Supply Steel Trading Transport support services
SECTOR STRATEGY Sector Auto Ancillaries Automobile Automobiles Cement Computers - Software Construction Cosmetics & Toiletries Diversified Electric Equipment Engineering Gas Distribution Metal Paints Personal Care Pharmaceuticals % to NAV 1.80 1.02 0.85 0.79 3.14 3.01 0.99 3.09 4.61 4.88 0.89 1.71 1.93 0.48 6.48 Power Generation & Supply 3.30 Refineries 13.26 Steel 0.57 Telecommunications 5.22 Trading 0.80 Transmisson Line Towers 1.61 Transport Support Services 0.79 Cash, Bank & Others 38.79 Total 100.00
ASSET ALLOCATION Equity Cash, Bank & Others NET ASSETS
% of NAV 61.21 38.79 100.00
61.21%
Equity
Cash, Bank & Others
13
110% Capital Guarantee Fund

Investment Objective: The key objective of the fund is to provide steady returns to the policyholder with the assurance of protecting the capital at least 110% of the capital. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - 110% CAPITAL GUARANTEE FUND (NAV [in Rs.] as on 29-Apr-09 is 10.5130)
PORTFOLIO Instrument Corporate Bonds 8.40% Exim Bank 2010 9.45% LIC Housing 2012 9.20% Power Grid 2015 Cash, Bank & Others Cash, Bank & Others Net Assets
Rating AAA AAA AAA
% of NAV 67.62 18.84 32.41 16.37 32.38 32.38 100.00
Rating AAA Cash, Bank & Others Total
% to NAV 67.62 32.38 100.00
ASSET ALLOCATION
32.38% 67.62%
Rating Profile
32.38%
67.62%
Corporate Bonds
Cash, Bank & Others
AAA
Cash, Bank & Others
ASSET ALLOCATION Corporate Bonds Cash, Bank & Others Net Assets
% of NAV 67.62 32.38 100.00
MATURITY PROFILE
14
Tata AIG Top 50

Investment Objective: Fund will invest primarily in select stocks and equity linked instruments which are a part of Nifty 50 Index with a focus on generating long term capital appreciation. The Fund will not replicate the index but aim to attain performance better than the performance of the Index. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - TATA-AIG TOP 50 (NAV [in Rs.] as on 29-Apr-09 is 11.4490)

SECTOR STRATEGY Sector Automobiles Banks Cement Cigarettes Computers - Software Construction Diversified Electric Equipment Engineering Finance Metal Pharmaceuticals Power Generation & Supply Refineries Steel Telecommunications Cash, Bank & Others Total
% to NAV 0.25 16.72 0.17 3.55 4.01 0.43 2.21 2.45 2.75 2.52 0.68 3.20 6.41 13.49 1.37 6.76 33.02 100.00
SECTORWISE BREAKUP
4.01% 3.55% 0.17% 16.72% 0.43% 2.21% 2.45% 2.75% 2.52% 0.68%
3.20% 0.25% 33.02% 6.76% 13.49% 1.37% 6.41%
Automobiles Cement Computers - Software Diversified Engineering Metal Power Generation & Supply Steel Cash, Bank & Others
Banks Cigarettes Construction Electric Equipment Finance Pharmaceuticals Refineries Telecommunications
PORTFOLIO Instrument Equity Abb Ltd. Ambuja Cements Ltd. Axis Bank Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Dlf Ltd. HCL Technologies Ltd. Hindustan Unilever Ltd. HDFC Bank HDFC Ltd. ICICI Bank Ltd. Infosys Technologies Ltd. ITC Ltd. Larsen And Toubro Ltd. Mahindra And Mahindra Ltd. NTPC Ltd. Oil & Natural Gas Corp Ltd. Power Grid Corp Of India Ltd. Punjab National Bank Reliance Industries Ltd. Reliance Infrastructure State Bank Of India Steel Authority Of India Ltd. Sterlite Industries (India) Ltd. Sun Pharmaceutical Industries Ltd. Suzlon Energy Ltd. Tata Power Co Ltd. Cash, Bank & Others Cash, Bank & Others Net Assets
Rating Electric Equipment Cement Banks Electric Equipment Telecommunications Construction Computers - Software Diversified Banks Finance Banks Computers - Software Cigarettes Engineering Automobiles Power Generation & Supply Refineries Power Generation & Supply Banks Refineries Power Generation & Supply Banks Steel Metal Pharmaceuticals Electric Equipment Power Generation & Supply
% of NAV 66.98 0.71 0.17 1.16 1.21 6.76 0.43 0.54 2.21 5.05 2.52 2.60 3.47 3.55 2.75 0.25 2.78 4.06 1.35 2.69 9.43 1.16 5.21 1.37 0.68 3.20 0.53 1.12 33.02 33.02 100.00
Asset Allocation
% of NAV 66.98 33.02 100.00
66.98% 33.02%
ASSET ALLOCATION Equity Cash, Bank & Others Net Assets
Equity
Cash, Bank & Others
15
Tata AIG Top 200

Investment Objective: Fund will invest primarily in select stocks and equity linked instruments which are a part of BSE 200 Index with a focus on generating long-term capital appreciation. The Fund will not replicate the index but aim to attain performance better than the performance of the Index. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - TATA AIG TOP 200 (NAV [in Rs.] as on 29-Apr-09 is 11.7280)
SECTOR STRATEGY Sector Auto Ancillaries Automobiles Banks Cigarettes Computers - Software Construction Distilleries Diversified Electric Equipment Engineering Entertainment Finance Metal Paints Pharmaceuticals Power Generation & Supply Refineries Steel Telecommunications Trading Transport support services Cash, Bank & Others Total % to NAV 1.04 0.84 20.16 3.80 2.17 0.27 0.81 2.81 3.05 3.53 0.39 4.29 0.59 1.02 4.24 3.42 7.17 0.72 4.54 0.33 0.39 34.43 100.00
Equity ABB Ltd. Asian Paints (India) Ltd. Axis Bank Ltd. Bank Of Baroda Ltd. Bank Of India Bharat Electronics Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Cesc Ltd. Container Corp Of India Ltd. Crompton Greaves Ltd. Exide Industries Ltd. Glenmark Pharmaceuticals Ltd. Hindustan Unilever Ltd. HDFC Bank HDFC Ltd. ICICI Bank Ltd. Infosys Technologies Ltd. ITC Ltd. Larsen And Toubro Ltd. LIC Housing Finance Ltd. Lupin Ltd. Mahindra And Mahindra Ltd. NTPC Ltd. Oil & Natural Gas Corp Ltd. Oriental Bank Of Commerce Piramal Healthcare Limited Punj Lloyd Ltd. Punjab National Bank Reliance Industries Ltd. Reliance Infrastructure Rural Electrification Corporation Ltd. Sintex Industries Ltd. State Bank Of India Steel Authority Of India Ltd. Sterlite Industries (India) Ltd. Sun Pharmaceutical Industries Ltd. Tata Power Co Ltd. Union Bank Of India Ltd. United Phosphorus Ltd. United Spirits Ltd. Zee Entertainment Enterprises Ltd. Cash, Bank & Others Cash, Bank & Others Net Assets
Rating
Electric Equipment Paints Banks Banks Banks Electric Equipment Electric Equipment Telecommunications Power Generation & Supply Transport support services Electric Equipment Auto Ancillaries Pharmaceuticals Diversified Banks Finance Banks Computers - Software Cigarettes Engineering Finance Pharmaceuticals Automobiles Power Generation & Supply Refineries Banks Pharmaceuticals Construction Banks Refineries Power Generation & Supply Finance Diversified Banks Steel Metal Pharmaceuticals Power Generation & Supply Banks Trading Distilleries Entertainment
% of NAV
65.57 0.70 1.02 1.92 1.31 0.88 0.96 0.24 4.54 0.94 0.39 1.15 1.04 0.75 1.89 5.05 1.98 2.54 2.17 3.80 3.53 1.36 0.82 0.84 0.98 1.99 0.94 0.47 0.27 2.33 5.18 0.60 0.95 0.92 3.67 0.72 0.59 2.20 0.90 1.50 0.33 0.81 0.39 34.43 34.43 100.00
SECTOR-WISE BREAKUP
34.43% 1.04% 0.84% 20.16% 3.80% 0.39% 0.33% 4.54% 0.72% 7.17% 3.42% 4.24% 1.02% 0.59% 4.29% 0.39%
Auto Ancillaries Cigarettes Distilleries Engineering Metal Power Generation & Supply Telecommunications Cash, Bank & Others Automobiles Computers - Software Diversified Entertainment Paints Refineries Trading
2.17% 0.27% 0.81% 2.81% 3.05% 3.53%
Banks Construction Electric Equipment Finance Pharmaceuticals Steel Transport support services
Asset Allocation
% of NAV 65.57 34.43 100.00
65.57% 34.43%
Equity
Cash, Bank & Others
16
Tata AIG Aggressive Flexi Fund

Investment Objective: It is a Equity Oriented Balanced Fund which primarily invests in large cap equity stocks and equity linked instruments along with Government Bonds and highly rated Fixed Income Instruments, with an objective to maximize the returns with medium to high risk.The fund endeavors to offer long term capital appreciation along with the stable returns over a long period of time. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - TATA AIG AGGRESSIVE FLEXI FUND (NAV [in Rs.] as on 29-Apr-09 is 10.1760)
PORTFOLIO Instrument Corporate Bonds 9.45% LIC Housing 2012 Cash, Bank & Others Cash, Bank & Others Net Assets Rating AAA % of NAV 22.51 22.51 77.49 77.49 100.00
Rating AAA Cash, Bank & Others Total % to NAV 22.51 77.49 100.00
Asset Allocation
22.51%
Rating Profile
77.49%
77.49%
22.51%
AAA
Cash, Bank & Others
% of NAV 22.51 77.49 100.00
MATURITY PROFILE
100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Less than 1 Year 1-3 Years
17
Tata AIG Stable Flexi Fund

Investment Objective: It is a Debt Oriented Balanced Fund which primarily invests in Government Bonds and highly rated Fixed Income Instruments with some exposure to large cap equity stocks and equity linked instruments, with an objective to maximize the returns with low to medium risk. The fund endeavors to offer stable returns along with some capital appreciation over a long period of time. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - TATA AIG STABLE FLEXI FUND (NAV [in Rs.] as on 29-Apr-09 is 10.2380)
Asset Allocation
37.88%
Rating Profile
62.12%
62.12%
37.88%
AAA
Cash, Bank & Others
% of NAV 37.88 62.12 100.00
MATURITY PROFILE
18
Tata AIG Bond Fund

Investment Objective: The objective of the scheme is to invest in Government Bonds and highly rated Fixed Income instruments. The primary objective of the Fund is to conserve capital while generating income by investing in short to medium term debt instruments of various maturities. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - TATA AIG BOND FUND (NAV [in Rs.] as on 29-Apr-09 is 10.3940)
Asset Allocation
61.76%
Rating Profile
38.24%
61.76%
38.24%
Corporate Bonds
Cash, Bank & Others
AAA
Cash, Bank & Others
% of NAV 61.76 38.24 100.00
MATURITY PROFILE
19
Tata AIG Apex Investment Fund

Investment Objective: The objective of the scheme is to invest in Government Bonds and highly rated Fixed Income instruments. The primary objective of the Fund is to conserve capital while generating income by investing in short to medium term debt instruments of various maturities. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood Investment Pattern: Debt Money Market - 0 - 100% - up to 100%
PERFORMANCE - TATA AIG APEX INVESTMENT FUND (NAV [in Rs.] as on 29-Apr-09 is 10.0380)
PORTFOLIO Instrument CD/CP's State Bank of Patiala 2009 - CD ICICI Bank 2009 - CD National Housing Bank 2009 - CP Treasury Bills 91 Days - 08 May 2009 91 Days - 05 Jun 2009 Cash, Bank & Others Cash, Bank & Others Net Assets Rating P1+ P1+ P1+ % of NAV 29.56 9.13 9.87 10.56 32.60 13.73 18.86 37.85 37.85 100.00
Rating P1+ Treasury Bills Cash, Bank & Others Total % to NAV 29.56 32.60 37.85 100.00
Asset Allocation
29.56%
Rating Profile
32.60% 37.85%
32.60%
37.85%
29.56%
CD/CP's
Treasury Bills
Cash, Bank & Others
P1+
Treasury Bills
Cash, Bank & Others
ASSET ALLOCATION CD/CP's Treasury Bills Cash, Bank & Others Net Assets
% of NAV 29.56 32.60 37.85 100.00
MATURITY PROFILE
100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Less than 1 Year
20
Whole Life Aggressive Growth Fund

Investment Objective: The primary investment objective of the fund is to maximise the returns with medium to high risk. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - WHOLE LIFE AGGRESSIVE GROWTH FUND (NAV [in Rs.] as on 29-Apr-09 is 10.0420)
Equity ABB Ltd. Aia Engineering Ltd. Alstom Projects India Ltd. Asian Paints (India) Ltd. Axis Bank Ltd. Bank Of Baroda Ltd. Beml Ltd. Bharat Electronics Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Cesc Ltd. Colgate-Palmolive (India) Ltd. Crompton Greaves Ltd.
NAV 9.1200 8.9920 8.8920 12.1470 10.0000
NAV Change 10.11% 11.68% 12.93% -17.33% 0.42%
INDEX Change 10.78% 14.59% 16.74% -17.76% -0.83%
ASSET ALLOCATION Equity Corporate Bonds Cash, Bank & Others Net Assets
% to NAV 51.05 23.37 25.57 100.00
Industry/Rating
% of NAV
51.05 0.38 0.25 0.14 0.96 1.38 1.27 0.08 0.44 1.08 3.15 0.97 0.74 1.24 0.41 0.13 0.13 0.97 0.79 0.70 0.14 0.46 0.10 0.75 2.73 0.80 1.93 1.64 0.51 2.33 1.11 0.25 1.64 1.42 0.13 0.95 1.77 2.28 1.02 0.60 0.54 0.81 4.48 0.31 0.36 0.23 1.19 2.28 0.86 1.29 0.24 0.72 23.37 3.35 3.42 1.60 4.06 6.96 2.14 1.21 0.64 25.57 25.57 100.00
ASSET ALLOCATION
51.05% 23.37%
Electric Equipment Miscellaneous - Medium / Small Engineering Paints Banks Banks Engineering Electric Equipment Electric Equipment Telecommunications Power Generation & Supply Cosmetics & Toiletries Electric Equipment Dishman Pharmaceuticals & Chemicals Ltd. Pharmaceuticals Elecon Engineering Co Ltd. Engineering Emco Ltd. Transformers Exide Industries Ltd. Auto Ancillaries Glaxosmithkline Consumer Healthcare Ltd. Pharmaceuticals Glenmark Pharmaceuticals Ltd. Pharmaceuticals Great Offshore Ltd. Ship breaking/repairing Gujarat State Petronet Ltd. Petroleum Hindustan Construction Co Ltd. Construction Hindustan Unilever Ltd. Diversified HDFC Bank Banks HDFC Ltd. Finance ICICI Bank Ltd. Banks Infosys Technologies Ltd. Computers - Software Infrastructure Dev Fin Co Ltd. Finance & Investments ITC Ltd. Cigarettes Ivrcl Infrastructures & Projects Ltd. Construction Jaiprakash Associates Ltd. Construction Larsen And Toubro Ltd. Engineering Lic Housing Finance Ltd. Finance Mahindra And Mahindra Ltd. Automobiles Marico Ltd. Personal Care Ntpc Ltd. Power Generation & Supply Oil & Natural Gas Corp Ltd. Refineries Oriental Bank Of Commerce Banks Piramal Healthcare Limited Pharmaceuticals Punj Lloyd Ltd. Construction Punjab National Bank Banks Reliance Industries Ltd. Refineries Reliance Petroleum Ltd. Petroleum Shree Cement Ltd. Cement Simplex Infrastructures Ltd. Construction Sintex Industries Ltd. Diversified State Bank Of India Banks Sterlite Industries (India) Ltd. Metal Sun Pharmaceutical Industries Ltd. Pharmaceuticals Tata Chemicals Ltd. Fertilizers Union Bank Of India Ltd. Banks Corporate Bonds 9.05% IDFC 2010 AAA 11.75% Rural Electric Corp Ltd 2011 AAA 8.60% IDFC 2011 AAA 9.20% HDFC Ltd 2012 AAA 6.98% IRFC 2012 AAA 9.50%HDFC 2013 AAA 10.90% Rural Electric Corp. 2013 AAA 8.95% IDFC 2018 AAA Cash, Bank & Others Cash, Bank & Others Net Assets
25.57%
Equity
Corporate Bonds
Cash, Bank & Others
SECTOR STRATEGY Sector

Auto Ancillaries Automobiles Banks Cement Cigarettes Computers - Software Construction Cosmetics & toiletries Diversified Electric Equipment Engineering Fertilizers Finance Finance & Investments Metal Miscellaneous - Medium / Small Paints Personal Care Petroleum Pharmaceuticals Power Generation & Supply Refineries Ship breaking/repairing Telecommunications Transformers Corporate Bonds Cash, Bank & Others Total
6.76% 2.74% 3.78% 0.77% 0.95% 0.96% 0.25% 0.86% 0.51% 2.22% 0.24% 1.99% 3.14% 0.74% 1.94% 2.22% 0.14% 3.15% 0.13% 23.37%
% to NAV
0.97 0.13 12.14 0.36 2.33 1.64 2.22 0.74 1.94 3.14 1.99 0.24 2.22 0.51 0.86 0.25 0.96 0.95 0.77 3.78 2.74 6.76 0.14 3.15 0.13 23.37 25.57 100.00
Automobiles Cement Computers - Software Cosmetics & toiletries Electric Equipment Fertilizers Finance & Investments Miscellaneous - Medium / Small Personal Care Pharmaceuticals Refineries Telecommunications Corporate Bonds Auto Ancillaries Banks Cigarettes Construction Diversified Engineering Finance Metal Paints Petroleum Power Generation & Supply Ship breaking/repairing Transformers Cash, Bank & Others
25.57% 0.97% 0.13% 12.14% 0.36% 1.64% 2.33%
21
Whole Life Income Fund

Investment Objective: The primary investment objective of the fund is to generate income through investing in a range of debt and money market instruments of various maturities with a view to maximising the optimal balance between yield, safety and liquidity. The Fund will have no investments in equity or equity-linked instruments at any point of time. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - WHOLE LIFE INCOME FUND

(NAV [in Rs.] & CRISIL Composite Bond Fund Index as on 29-Apr-09 is 11.5250 and 1549.5941 respectively) PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 8-Jan-07 NAV 11.3130 11.0800 10.4690 10.3770 10.0000 CRISIL Composite Bond Fund Index 1505.3334 1504.7636 1409.0856 1407.7449 1298.7900 NAV Change 1.87% 4.02% 10.09% 11.06% 15.25% INDEX Change 2.94% 2.98% 9.97% 10.08% 19.31%
RATING PROFILE
66.30%
66.30%
ASSET ALLOCATION
33.70%
33.70%
AAA Cash, Bank & Others
Corporate Bonds
Cash, Bank & Others
% to NAV RATING AAA 66.30 Cash Bank & Others 33.70 Total 100.00
ASSET ALLOCATION Corporate Bonds Cash Bank & Others Net Assets
% to NAV 66.30 33.70 100.00
MATURITY PROFILE
PORTFOLIO Instrument Corporate Bonds 8.40% Exim Bank 2010 9.05% IDFC 2009 7.20% HDFC 2010 8.60% IDFC 2011 9.45% LIC Housing 2012 10.00% PFC 2012 9.50% HDFC 2013 Cash, Bank & Others Cash Bank & Others Net Assets
Rating AAA AAA AAA AAA AAA AAA AAA
% of NAV 66.30 13.95 7.36 5.28 10.85 22.15 1.13 5.58 33.70 33.70 100.00
22
Whole Life Stable Growth Fund

Investment Objective: The primary investment objective of the Fund is provide reasonable returns with low to medium risk. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - WHOLE LIFE STABLE GROWTH FUND (NAV [in Rs.] as on 29-Apr-09 is 10.1310)
Equity ABB Ltd. Aia Engineering Ltd. Alstom Projects India Ltd. Asian Paints (India) Ltd. Axis Bank Ltd. Bank Of Baroda Ltd. Beml Ltd. Bharat Electronics Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Cesc Ltd. Colgate-Palmolive (India) Ltd. Crompton Greaves Ltd.
NAV 9.5080 9.4020 9.1110 10.8580 10.0000
NAV Change 6.55% 7.75% 11.20% -6.70% 1.31%
INDEX Change 7.76% 10.12% 14.14% -7.06% 6.91%
ASSET ALLOCATION Equity Corporate Bonds Cash, Bank & Others Net Asset
% to NAV 30.93 39.34 29.73 100.00
Rating
% of NAV
30.93 0.15 0.10 0.07 0.50 0.69 0.74 0.02 0.32 0.68 1.94 0.53 0.49 0.74 0.21 0.04 0.04 0.64 0.43 0.28 0.05 0.30 0.04 0.61 1.76 0.71 1.36 0.86 0.51 1.27 0.66 0.07 0.91 0.75 0.20 0.56 1.08 1.34 0.47 0.36 0.30 0.54 2.52 0.17 0.28 0.27 0.65 1.32 0.42 0.73 0.14 0.51 0.58 39.34 10.52 8.29 3.19 3.09 3.28 10.97 29.73 29.73 100.00
ASSET ALLOCATION
30.93% 39.34%
Electric Equipment Miscellaneous - Medium / Small Engineering Paints Banks Banks Engineering Electric Equipment Electric Equipment Telecommunications Power Generation & Supply Cosmetics & toiletries Electric Equipment Dishman Pharmaceuticals & Chemicals Ltd. Pharmaceuticals Elecon Engineering Co Ltd. Engineering Emco Ltd. Transformers Exide Industries Ltd. Auto Ancillaries Glaxosmithkline Consumer Healthcare Ltd. Pharmaceuticals Glenmark Pharmaceuticals Ltd. Pharmaceuticals Great Offshore Ltd. Ship breaking/repairing Gujarat State Petronet Ltd. Petroleum Hindustan Construction Co Ltd. Construction Hindustan Unilever Ltd. Diversified HDFC Bank Banks HDFC Ltd. Finance ICICI Bank Ltd. Banks Infosys Technologies Ltd. Computers - Software Infrastructure Dev Fin Co Ltd. Finance & Investments ITC Ltd. Cigarettes Ivrcl Infrastructures & Projects Ltd. Construction Jaiprakash Associates Ltd. Construction Larsen And Toubro Ltd. Engineering Lic Housing Finance Ltd. Finance Mahindra And Mahindra Ltd. Automobiles Marico Ltd. Personal Care Ntpc Ltd. Power Generation & Supply Oil & Natural Gas Corp Ltd. Refineries Oriental Bank Of Commerce Banks Piramal Healthcare Limited Pharmaceuticals Punj Lloyd Ltd. Construction Punjab National Bank Banks Reliance Industries Ltd. Refineries Reliance Petroleum Ltd. Petroleum Shree Cement Ltd. Cement Simplex Infrastructures Ltd. Construction Sintex Industries Ltd. Diversified State Bank Of India Banks Sterlite Industries (India) Ltd. Metal Sun Pharmaceutical Industries Ltd. Pharmaceuticals Tata Chemicals Ltd. Fertilizers Union Bank Of India Ltd. Banks United Spirits Ltd. Distilleries Corporate Bonds 8.40% Exim Bank 2010 AAA 7.20% HDFC 2010 AAA 9.05% IDFC 2010 AAA 6.98% IRFC 2012 AAA 9.50% HDFC 2013 AAA 9.20% Power Grid 2015 AAA Cash, Bank & Others Cash, Bank & Others Net Asset
29.73%
Equity
Corporate Bonds
Cash, Bank & Others

Auto Ancillaries Automobiles Banks Cement Cigarettes Computers - Software Construction Cosmetics & toiletries Distilleries Diversified Electric Equipment Engineering Fertilizers Finance Finance & Investments Metal Miscellaneous - Medium / Small Paints Personal Care Petroleum Pharmaceuticals Power Generation & Supply Refineries Ship breaking/repairing Telecommunications Transformers Corporate Bonds Cash, Bank & Others Net Assets
% to NAV
0.64 0.20 7.39 0.28 1.27 0.86 1.34 0.49 0.58 1.26 1.89 1.05 0.14 1.47 0.51 0.42 0.10 0.50 0.56 0.47 2.00 1.61 3.85 0.05 1.94 0.04 39.34 29.73 100.00
29.73% 39.34% 0.64% 1.94% 0.04% 0.05% 3.85% 1.61% 2.00% 0.47% 0.56% 0.50% 0.42% 0.10% 0.51% 1.47% 1.05% 1.89%
Auto Ancillaries Banks Cigarettes Construction Distilleries Electric Equipment Fertilizers Finance & Investments Miscellaneous - Medium / Small Personal Care Pharmaceuticals Refineries Telecommunications Corporate Bonds
0.20% 7.39% 0.28% 1.27% 0.86% 1.34%
0.14%
0.49% 0.58% 1.26%
Automobiles Cement Computers - Software Cosmetics & toiletries Diversified Engineering Finance Metal Paints Petroleum Power Generation & Supply Ship breaking/repairing Transformers Cash, Bank & Others
23
Whole Life Mid-Cap Equity Fund

Investment Objective: The primary investment objective of the fund is to generate longterm capital appreciation from a portfolio that is invested pre-dominantly in Mid Cap Equity and Mid Cap Equity linked securities. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - WHOLE LIFE MID-CAP EQUITY FUND (NAV [in Rs.] & NSE CNX MID-CAP as on 29-Apr-09 is 7.0630 and 3860.80 respectively)
PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception
Auto Ancillaries Automobiles Banks Cement Computers - Software Construction Cosmetics & toiletries Distilleries Diversified Electric Equipment Engineering Engines Entertainment Fertilizers Finance Finance & Investments Metallurgical Coke Miscellaneous - Medium / Small Paints Paper Personal Care Petroleum Pharmaceuticals Power Generation & Supply Refineries Retail Ship breaking/repairing Shipping Tea Trading Transformers Transmisson Line Towers Transport support services CD/CP's Cash, Bank & Others Total
NAV NSE CNX MID-CAP 6.2150 3407.45 6.2010 3357.35 6.5950 3506.40 12.6580 7004.80 10.0000 5156.45
% to NAV
1.87 0.76 9.87 3.80 0.43 5.04 2.31 1.55 3.37 4.76 3.97 0.56 1.62 1.05 6.23 1.73 0.25 1.79 2.37 0.84 1.36 1.48 5.90 2.31 0.97 0.07 0.31 1.24 0.41 1.46 0.41 2.02 0.65 6.32 20.91 100.00
0.43%
NAV Change INDEX Change 13.64% 13.30% 13.90% 15.00% 7.10% 10.11% -44.20% -44.88% -29.37% -25.13% Rating
ASSET ALLOCATION
6.32% 20.91%
72.77%
Equity
CD/CPs
Cash, Bank & Others
Equity Action Construction Equipments Ltd. Aia Engineering Ltd. Alstom Projects India Ltd. Areva T&D India Ltd. Asian Paints (India) Ltd. Ballarpur Industries Ltd. Bank Of Baroda Ltd. Bgr Energy Systems Ltd. Bharat Electronics Ltd. Cesc Ltd. Chennai Petroleum Corp Ltd. Colgate-Palmolive (India) Ltd. Container Corp Of India Ltd. Crompton Greaves Ltd. Cummins India Ltd.
% of NAV
72.77 0.19 1.79 0.41 0.67 2.37 0.84 3.02 0.39 1.49 2.31 0.97 2.31 0.65 2.60 0.56 1.16 0.44 0.59 0.41 1.87 0.24 1.66 1.24 0.31 0.25 1.09 0.52 0.30 1.73 1.78 0.42 1.82 0.20 0.75 2.80 1.81 0.09 0.76 1.36 0.30 2.53 1.03 1.68 1.27 2.02 0.38 0.43 1.75 2.37 0.42 2.49 1.05 0.41 0.20 0.59 0.67 0.26 1.04 2.30 1.46 1.55 0.07 0.89 1.42 6.32 2.59 2.58 1.15 20.91 100.00
1.87% 0.76%9.87% 3.80% 20.91% 6.32% 0.65% 2.02% 0.41% 1.46% 0.41% 1.24% 0.31% 0.07% 0.97% 5.90% 2.31% 1.48% 1.36% 2.37% 0.84% 0.25% 1.79% 5.04% 2.31% 1.55% 3.37% 4.76% 3.97% 0.56% 1.62% 1.05% 6.23% 1.73%
Automobiles Cement Construction Distilleries Electric Equipment Engines Fertilizers Finance & Investments Miscellaneous - Medium / Small Paper Petroleum Power Generation & Supply Retail Shipping Trading Transmisson Line Towers CD/CP's
Auto Ancillaries Banks Computers - Software Cosmetics & toiletries Diversified Engineering Entertainment Finance Metallurgical Coke Paints Personal Care Pharmaceuticals Refineries Ship breaking/repairing Tea Transformers Transport support services
ASSET ALLOCATION
Equity CD/CP's Cash, Bank & Others Net Asset
% to NAV
72.77 6.32 20.91 100.00
Construction Miscellaneous - Medium / Small Engineering Electric Equipment Paints Paper Banks Engineering Electric Equipment Power Generation & Supply Refineries Cosmetics & toiletries Transport support services Electric Equipment Engines Dishman Pharmaceuticals & Chemicals Ltd. Pharmaceuticals Dlf Ltd. Construction Elecon Engineering Co Ltd. Engineering Emco Ltd. Transformers Exide Industries Ltd. Auto Ancillaries Glaxosmithkline Consumer Healthcare Ltd. Pharmaceuticals Glenmark Pharmaceuticals Ltd. Pharmaceuticals Great Eastern Shipping Co Ltd. Shipping Great Offshore Ltd. Ship breaking/repairing Gujarat Nre Coke Ltd. Metallurgical Coke Gujarat State Petronet Ltd. Petroleum Hindustan Construction Co Ltd. Construction India Cements Ltd. Cement Infrastructure Dev Fin Co Ltd. Finance & Investments Ivrcl Infrastructures & Projects Ltd. Construction Jaiprakash Associates Ltd. Construction Jyoti Structures Ltd. Transmisson Line Towers Kalpataru Power Transmission Ltd. Transmisson Line Towers Larsen And Toubro Ltd. Engineering Lic Housing Finance Ltd. Finance Lupin Ltd. Pharmaceuticals Madras Cements Ltd. Cement Mahindra And Mahindra Ltd. Automobiles Marico Ltd. Personal Care Mcnally Bharat Engineering Co Ltd. Engineering Oriental Bank Of Commerce Banks Piramal Healthcare Limited Pharmaceuticals Power Finance Corp Ltd. Finance Punj Lloyd Ltd. Construction Punjab National Bank Banks Reliance Petroleum Ltd. Petroleum Rolta India Limited Computers - Software Rural Electrification Corporation Ltd. Finance Shree Cement Ltd. Cement Simplex Infrastructures Ltd. Construction Sintex Industries Ltd. Diversified Tata Chemicals Ltd. Fertilizers Tata Tea Tea Television Eighteen India Ltd. Entertainment Thermax Limited Engineering Titagarh Wagons Ltd. Engineering Trf Ltd. Engineering Ultratech Cement Ltd. Cement Union Bank Of India Ltd. Banks United Phosphorus Ltd. Trading United Spirits Ltd. Distilleries Vishal Retail Ltd. Retail Voltas Limited Diversified Zee News Ltd. Entertainment CD/CP's State Bank of Indore 2009 - CD P1+ ICICI Bank 2010 - CD P1+ Canara Bank 2010 - CD P1+ Cash, Bank & Others Net Assets
24
Whole Life Short-Term Fixed Income Fund

Investment Objective: The primary investment objective of the fund is to generate stable returns by investing in fixed income securities having shorter maturity periods. Under normal circumstances, the average maturity of the Fund may be in the range of 1-3 years. NAV Calculation: Daily Tax Benefits: Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Also, any sum received under this plan is exempt from tax under Section 10(10D) of the Income Tax Act, 1961 and are subject to amendments made therein from time to time. Fund Manager: Mr. Vivek Sood
PERFORMANCE - WHOLE LIFE SHORT-TERM FIXED INCOME FUND

(NAV [in Rs.] & CRISIL Short-Term Bond Index as on 29-Apr-09 is 11.6100 and 1569.8357 respectively) PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 8-Jan-07 NAV 11.4150 11.1910 10.6640 10.4240 10.0000 CRISIL Short-Term Bond Index 1541.8147 1525.5280 1449.6068 1415.0813 1281.0900 NAV Change 1.71% 3.74% 8.87% 11.38% 16.10% INDEX Change 1.82% 2.90% 8.29% 10.94% 22.54%
RATING PROFILE
73.41%
ASSET ALLOCATION
73.41%
26.59% 26.59%
AAA Cash, Bank & Others
RATING % to NAV AAA 73.41 Cash, Bank & Others 26.59 Net Assets 100.00
ASSET ALLOCATION Corporate Bonds Cash, Bank & Others Net Assets PORTFOLIO Instrument Corporate Bonds 9.10% HDFC 2009 8.40% Exim Bank 2010 9.05% IDFC 2009 7.20% HDFC 2010 8.60% IDFC 2011 9.45% LIC Housing 2012 9.50% HDFC 2013 Cash, Bank & Others Cash, Bank & Others Net Assets
% to NAV
73.41 26.59 100.00
MATURITY PROFILE
60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% Less than 1 Year 1-3 Years 3-6 Years
Rating AAA AAA AAA AAA AAA AAA AAA
% of NAV 73.41 1.99 20.28 13.90 5.99 8.20 18.84 4.22 26.59 26.59 100.00
25
Future Equity Pension Fund

Investment Objective: The primary investment objective of the fund is to generate long-term capital appreciation from a portfolio that is invested pre-dominantly in equity and equity-linked securities. NAV Calculation: Daily Tax Benefits: Tax benefits on the premiums paid under Section 80 C and tax exemptions on death benefits under Section 10 (10 D). Upto one-third of the accumulated value can be commuted as tax-free lumpsum on your retirement day. Fund Manager: Mr. Vivek Sood
PERFORMANCE - FUTURE EQUITY PENSION FUND (NAV [in Rs.] & S&P CNX NIFTY as on 29-Apr-09 is 7.3730 and 3473.95 respectively)
S&P CNX NIFTY NAV Change INDEX Change 3020.95 14.95% 15.00% 2874.80 17.07% 20.84% 2885.60 11.86% 20.39% 5165.90 -31.38% -32.75% 5463.50 -26.27% -36.42% Note: The investment income and prices may go down as well as up. SECTOR STRATEGY PORTFOLIO Sector % to NAV Sector Instrument Industry % of NAV Auto Ancillaries 1.50 Metal
Equity Action Construction Equipments Ltd. Alstom Projects India Ltd. Areva T&D India Ltd. Asian Paints (India) Ltd. Axis Bank Ltd. Bank Of Baroda Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Cesc Ltd. Crompton Greaves Ltd. Construction Engineering Electric Equipment Paints Banks Banks Electric Equipment Telecommunications
PERIOD Last 1 Month Last 3 Month Last 6 Month Last 1 Year Since Inception
DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 4-Feb-08
NAV 6.4140 6.2980 6.5910 10.7450 10.0000
% to NAV
1.98 1.03 0.83 5.74 1.64 12.38 6.32 0.09 19.60 100.00
Dlf Ltd. Elecon Engineering Co Ltd. Emco Ltd. Exide Industries Ltd. Glenmark Pharmaceuticals Ltd. Gujarat State Petronet Ltd. Hindustan Construction Co Ltd. Hindustan Unilever Ltd. HDFC Bank HDFC Ltd. ICICI Bank Ltd. Infosys Technologies Ltd. Infrastructure Dev Fin Co Ltd. ITC Ltd. Ivrcl Infrastructures & Projects Ltd. Jaiprakash Associates Ltd. Larsen And Toubro Ltd. LIC Housing Finance Ltd. Mcnally Bharat Engineering Co Ltd. Oil & Natural Gas Corp Ltd. Oriental Bank Of Commerce Piramal Healthcare Limited Punj Lloyd Ltd. Punjab National Bank Reliance Industries Ltd. Reliance Petroleum Ltd. Rural Electrification Corporation Ltd. Simplex Infrastructures Ltd. Sintex Industries Ltd. State Bank Of India Sterlite Industries (India) Ltd. Sun Pharmaceutical Industries Ltd. Tata Chemicals Ltd. Television Eighteen India Ltd. Union Bank Of India Ltd. United Spirits Ltd. Voltas Limited Zee News Ltd. Cash, Bank & Others Net Assets
Electric Equipment Pharmaceuticals Construction Engineering Transformers Auto Ancillaries Pharmaceuticals Petroleum Construction Diversified Banks Finance Banks Computers - Software Finance & Investments Cigarettes Construction Construction Engineering Finance Engineering Refineries Banks Pharmaceuticals Construction Banks Refineries Petroleum Finance Construction Diversified Banks Metal Pharmaceuticals Fertilizers Entertainment Banks Distilleries Diversified Entertainment
80.40 0.11 0.15 0.33 1.03 2.15 2.26 1.12 6.32 1.64 2.16 0.80 0.44 0.16 0.09 1.50 1.30 0.46 0.11 1.36 4.78 2.00 2.78 2.51 1.61 4.74 1.53 0.10 2.45 1.41 0.11 4.01 1.39 0.98 0.51 1.72 8.37 0.37 1.09 0.24 1.16 3.70 1.98 2.67 0.27 0.15 1.66 0.96 0.96 0.68 19.60 100.00
Banks Cigarettes Computers - Software Construction Distilleries Diversified Electric Equipment Engineering Entertainment Fertilizers Finance Finance & Investments
20.44 4.74 2.51 3.05 0.96 3.48 3.62 2.86 0.84 0.27 4.51 1.61
Paints Petroleum Pharmaceuticals

Refineries Telecommunications Transformers Cash, Bank & Others Total
20.44% 0.09% 19.60% 1.50% 4.74% 2.51% 3.05% 0.96% 6.32% 12.38% 1.64% 5.74% 0.83%
1.03%
Auto Ancillaries Computers - Software Diversified Entertainment Finance & Investments Petroleum Refineries Cash, Bank & Others Banks Construction Electric Equipment Fertilizers Metal Pharmaceuticals Telecommunications Cigarettes Distilleries Engineering Finance Paints Transformers Power Generation & Supply
3.48% 3.62% 2.86% 0.84% 1.98% 1.61% 4.51% 0.27%
ASSET ALLOCATION
80.40%
19.60%
Equity
Cash, Bank & Others
% to NAV 80.40 19.60 100.00
26
Future Capital Guarantee Pension Fund

Investment Objective: The key objective of the fund is to protect the capital by investing in high quality fixed-income securities and at the same time, provide access to the upside potential of equities by investing a maximum of 15% in equities and equity-linked instruments. NAV Calculation: Daily Tax Benefits: Tax benefits on the premiums paid under Section 80 C and tax exemptions on death benefits under Section 10 (10 D). Upto one-third of the accumulated value can be commuted as tax-free lumpsum on your retirement day. Fund Manager: Mr. Vivek Sood
PERFORMANCE - FUTURE CAPITAL GUARANTEE PENSION FUND (NAV [in Rs.] as on 29-Apr-09 is 10.8310)
PERIOD Last 1 Month Last 3 Month Last 6 Month Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 4-Feb-08 NAV 10.6810 10.5090 10.2030 9.9730 10.0000 NAV Change 1.40% 3.06% 6.16% 8.60% 8.31% INDEX Change 4.75% 5.66% 11.53% 3.65% 3.34%
RATING PROFILE
40.82% 2.85%
PORTFOLIO Instrument Government Securities 9.39% GOI 2011 Corporate Bonds 8.40% Exim Bank 2010 9.05% IDFC 2009 7.20% HDFC 2010 9.45% LIC Housing 2012 Cash, Bank & Others Net Assets % to NAV RATING Sovereign 2.85 AAA 56.33 Cash, Bank & Others 40.82 Total 100.00
Rating Sovereign AAA AAA AAA AAA
% of NAV 2.85 2.85 56.33 16.69 5.45 5.48 28.71 40.82 100.00
56.33%
Sovereign AAA Cash, Bank & Others
ASSET ALLOCATION
2.85% 56.33%
ASSET ALLOCATION % to NAV Government Securities 2.85 Corporate Bonds 56.33 Cash, Bank & Others 40.82 Net Assets 100.00
MATURITY PROFILE
40.82%
Government Securities Cash, Bank & Others Corporate Bonds
60.00% 40.00% 20.00% 0.00% Less than 1 Year 1-3 Years 100.00% 80.00%
27
Future Growth Pension Fund

Investment Objective: The primary investment objective of the fund is to maximise the returns with medium risk. NAV Calculation: Daily Tax Benefits: Tax benefits on the premiums paid under Section 80 C and tax exemptions on death benefits under Section 10 (10 D). Upto one-third of the accumulated value can be commuted as tax-free lumpsum on your retirement day. Fund Manager: Mr. Vivek Sood
PERFORMANCE - FUTURE GROWTH PENSION FUND (NAV [in Rs.] as on 29-Apr-09 is 10.0370)
Equity ABB Ltd. Action Construction Equipments Ltd. Ambuja Cements Ltd. Areva T&D India Ltd. Axis Bank Ltd. Bank Of Baroda Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Cesc Ltd. Crompton Greaves Ltd.
DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 4-Feb-08
NAV 9.5470 9.4350 9.1230 10.3230 10.0000
NAV Change 5.13% 6.38% 10.02% -2.77% 0.37%
INDEX Change 6.56% 8.34% 13.10% -2.77% -3.68%
ASSET ALLOCATION
59.53%
20.81%
19.67%
Industry/Rating
Electric Equipment Construction Cement Electric Equipment Banks Banks Electric Equipment Telecommunications
% of NAV
20.81 0.13 0.02 0.17 0.10 0.50 0.49 0.59 1.27 0.41 0.50 0.27 0.02 0.46 0.24 0.02 0.38 1.27 0.49 0.85 0.94 0.27 1.01 0.48 0.06 0.63 0.24 0.51 0.92 0.47 0.27 0.14 0.30 1.93 0.10 0.37 0.13 0.50 0.91 0.40 0.57 0.40 0.08 0.41 0.38 0.03 0.20 59.53 14.50 10.71 28.66 5.66 19.67 100.00
Equity
Corporate Bonds
Cash, Bank & Others

Auto Ancillaries Banks Cement Cigarettes Computers - Software Construction Distilleries Diversified Electric Equipment Engineering Entertainment Finance Finance & Investments 0.46 5.19 0.17 1.01 0.94 0.82 0.38 0.90 1.31 0.70 0.20 1.13 0.27
Sector
Metal Metallurgical Coke Personal Care Petroleum Pharmaceuticals
% to NAV
0.40 0.02 0.24 0.10 1.07 1.32 2.85 1.27 0.02 59.53 19.67 100.00
Emco Ltd. Exide Industries Ltd. Glenmark Pharmaceuticals Ltd. Gujarat Nre Coke Ltd. Hindustan Unilever Ltd. HDFC Bank HDFC Ltd. ICICI Bank Ltd. Infosys Technologies Ltd. Infrastructure Dev Fin Co Ltd. ITC Ltd. Ivrcl Infrastructures & Projects Ltd. Jaiprakash Associates Ltd. Larsen And Toubro Ltd. Marico Ltd. Ntpc Ltd. Oil & Natural Gas Corp Ltd. Oriental Bank Of Commerce Power Finance Corp Ltd. Punj Lloyd Ltd. Punjab National Bank Reliance Industries Ltd. Reliance Petroleum Ltd. Rural Electrification Corporation Ltd. Simplex Infrastructures Ltd. Sintex Industries Ltd. State Bank Of India Sterlite Industries (India) Ltd. Sun Pharmaceutical Industries Ltd. Tata Power Co Ltd. Thermax Limited Union Bank Of India Ltd. United Spirits Ltd. Voltas Limited Zee News Ltd. Corporate Bonds 8.40% Exim Bank 2010 7.20% HDFC 2010 10.00% IDFC 2012 9.50% HDFC 2013 Cash, Bank & Others Net Assets
Electric Equipment Pharmaceuticals Transformers Auto Ancillaries Pharmaceuticals Metallurgical Coke Diversified Banks Finance Banks Computers - Software Finance & Investments Cigarettes Construction Construction Engineering Personal Care
ASSET ALLOCATION Equity Corporate Bonds Cash, Bank & Others Net Assets
% of NAV 20.81 59.53 19.67 100.00
Refineries Banks Finance Construction Banks Refineries Petroleum Finance Construction Diversified Banks Metal Pharmaceuticals
1.31% 0.90% 0.94% 1.01% 0.17% 5.19% 0.46% 19.67%, 0.38% 0.82% 0.70% 0.20% 1.13% 0.27% 0.40% 0.02% 0.24% 0.10% 1.07% 1.32% 2.85% 1.27% 0.02%
Engineering Banks Distilleries Diversified Entertainment AAA AAA AAA AAA
59.53%
Auto Ancillaries Cigarettes Distilleries Engineering Finance & Investments Personal Care Power Generation & Supply Transformers Banks Computers - Software Diversified Entertainment Metal Petroleum Refineries Corporate Bonds Cement Construction Electric Equipment Finance Metallurgical Coke Pharmaceuticals Telecommunications Cash, Bank & Others
28
Future Balanced Pension Fund

Investment Objective: The primary investment objective of the fund is to provide reasonable returns with low to medium risk. NAV Calculation: Daily Tax Benefits: Tax benefits on the premiums paid under Section 80 C and tax exemptions on death benefits under Section 10 (10 D). Upto one-third of the accumulated value can be commuted as tax-free lumpsum on your retirement day. Fund Manager: Mr. Vivek Sood
PERFORMANCE - FUTURE BALANCED PENSION FUND (NAV [in Rs.] as on 29-Apr-09 is 11.0670)
PERIOD Last 1 Month Last 3 Months Last 6 Months Last 1 Year Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 4-Feb-08 NAV 10.8450 10.7220 10.2610 9.9890 10.0000 NAV Change 2.05% 3.22% 7.85% 10.79% 10.67% INDEX Change 4.15% 4.77% 11.01% 5.79% 5.68%
RATING PROFILE
2.17% 26.43%
71.40%
PORTFOLIO Instrument Government Securities 9.39% GOI 2011 Corporate Bonds 8.40% Exim Bank 2010 9.05% IDFC 2009 7.20% HDFC 2010 10.00% IDFC 2012 Cash, Bank & Others Net Assets RATING % to NAV Sovereign 2.17 AAA 71.40 Cash, Bank & Others 26.43 Total 100.00
ASSET ALLOCATION
Government Securities Corporate Bonds Cash, Bank & Others Net Assets
Rating Sovereign AAA AAA AAA AAA
% of NAV 2.17 2.17 71.40 21.41 5.24 5.27 39.48 26.43 100.00
Sovereign
AAA
Cash, Bank & Others
ASSET ALLOCATION
26.43% 2.17%
% to NAV
2.17 71.40 26.43 100.00
MATURITY PROFILE
60.00%
71.40%
50.00%
Government Securities Cash, Bank & Others
Corporate Bonds
40.00% 30.00% 20.00% 10.00% 0.00% Less than 1 Year 1-3 Years 3-6 Years
29
Future Income Pension Fund

Investment Objective: The primary investment objective of the fund is to generate income through investing in a range of debt and money market instruments of various maturities with a view to maximising the optimal balance between yield, safety and liquidity. NAV Calculation: Daily Tax Benefits: Tax benefits on the premiums paid under Section 80 C and tax exemptions on death benefits under Section 10 (10 D). Upto one-third of the accumulated value can be commuted as tax-free lumpsum on your retirement day. Fund Manager: Mr. Vivek Sood
PERFORMANCE - FUTURE INCOME PENSION FUND

(NAV [in Rs.] & CRISIL Composite Bond Index Fund as on 29-Apr-09 is 10.9150 and 1549.5941 respectively) PERIOD Last 1 Month Last 3 Month Last 6 Month Last 6 Month Since Inception DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 4-Feb-08 NAV 10.7460 10.5410 10.0630 9.9660 10.0000 CRISIL Composite Bond Index Fund 1505.3334 1504.7636 1409.0856 1407.7449 1404.2018 PORTFOLIO Instrument Corporate Bonds 8.40% Exim Bank 2010 7.20% HDFC 2010 9.45% LIC Housing 2012 Cash, Bank & Others Cash, Bank & Others Net Assets
NAV Change 1.57% 3.55% 8.47% 9.52% 9.15%
INDEX Change 2.94% 2.98% 9.97% 10.08% 10.35%
Rating AAA AAA AAA
RATING PROFILE
56.26%
% of NAV 56.26 15.82 7.79 32.65 43.74 43.74 100.00
43.74%
% to NAV 56.26 43.74 100.00
AAA
Cash, Bank & Others

RATING % to NAV AAA 56.26 Cash, Bank & Others 43.74 Total 100.00
ASSET ALLOCATION
56.26%
MATURITY PROFILE
100.00% 80.00% 60.00%
43.74%
40.00% 20.00% 0.00% Less than 1 Year 1-3 Years
30
Future Select Equity Fund

Investment Objective: The primary investment objective of the fund is to provide income distribution over a period of medium to long term while at all times emphasizing the importance of capital appreciation. NAV Calculation: Daily Tax Benefits: Tax benefits on the premiums paid u/s 80 C and tax exemptions on death benefits under u/s 10 (10 D). Upto one-third of the accumulated value can be commuted as tax-free lumpsum on your retirement day. Fund Manager: Mr. Vivek Sood Investment Pattern: Equity Money Market - 60% - 100% - up to 40%
PERFORMANCE - FUTURE SELECT EQUITY FUND (NAV [in Rs.] as on 29-Apr-09 is 11.1060)
SECTOR STRATEGY Sector Auto Ancillaries Automobile Cement Computers - Software Construction Cosmetics & toiletries Diversified Electric Equipment Engineering Gas distribution Metal Paints Personal Care Pharmaceuticals Power Generation & Supply Refineries Steel Telecommunications Trading Transmisson Line Towers Transport support services Cash, Bank & Others Total % to NAV 2.40 1.37 0.92 2.79 2.56 0.88 3.26 4.64 4.07 0.77 1.61 1.85 0.29 7.50 3.02 11.96 0.51 6.27 1.06 2.51 1.06 38.70 100.00
PORTFOLIO Instrument Equity Abb Ltd. Asian Paints (India) Ltd. Bharat Electronics Ltd. Bharat Heavy Electricals Ltd. Bharti Airtel Ltd. Colgate-Palmolive (India) Ltd. Container Corp Of India Ltd. Crompton Greaves Ltd.
ASSET ALLOCATION
38.70%
% of NAV 61.30 Electric Equipment 0.56 Paints 1.85 Electric Equipment 0.88 Electric Equipment 1.15 Telecommunications 6.27 Cosmetics & toiletries 0.88 Transport support services 1.06 Electric Equipment 2.04 Dishman Pharmaceuticals & Chemicals Ltd. Pharmaceuticals 1.22 Exide Industries Ltd. Auto Ancillaries 2.40 Gail India Ltd. Gas distribution 0.77 Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.25 Hero Honda Motors Ltd. Automobile 1.37 Hindustan Unilever Ltd. Diversified 3.26 Infosys Technologies Ltd. Computers - Software 2.79 Ivrcl Infrastructures & Projects Ltd. Construction 2.02 Jyoti Structures Ltd. Transmisson Line Towers 2.51 Larsen And Toubro Ltd. Engineering 4.07 Lupin Ltd. Pharmaceuticals 2.08 Marico Ltd. Personal Care 0.29 Ntpc Ltd. Power Generation & Supply 1.98 Oil & Natural Gas Corp Ltd. Refineries 3.60 Punj Lloyd Ltd. Construction 0.54 Reliance Industries Ltd. Refineries 8.36 Steel Authority Of India Ltd. Steel 0.51 Sterlite Industries (India) Ltd. Metal 1.61 Sun Pharmaceutical Industries Ltd. Pharmaceuticals 2.96 Tata Power Co Ltd. Power Generation & Supply 1.04 Ultratech Cement Ltd. Cement 0.92 United Phosphorus Ltd. Trading 1.06 Cash, Bank & Others 38.70 Net Assets 100.00
Rating
RATING PROFILE
1.85% 0.77% 4.64% 4.07% 1.61% 0.29% 7.50% 3.02% 11.96% 0.51%
61.30%
3.26% 0.88% 2.56% 2.79% 0.92% 1.37% 2.40% 38.70%
Equity
Cash, Bank & Others
6.27% 1.06% 2.51% 1.06%

Auto Ancillaries Cement Construction Diversified Engineering Metal Personal Care Power Generation & supply Steel Trading Transport support services Automobile Computers - Software Cosmetics & toiletries Electric Equipment Gas distribution Paints Pharmaceuticals Refineries Telecommunications Transmisson Line Towers Cash Bank & Others
% to NAV 61.30 38.70 100.00
31
Disclaimer
Disclaimers: 1. The fund is managed by Tata AIG Life Insurance Company Ltd. (hereinafter the "Company"). 2. Past performance is not indicative of future results. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any). 3. All investments made by the Company are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market. 4. Every effort is made to ensure that all information contained in this publication is accurate at the date of publication, but no responsibility or liability in respect of any error or omission is accepted by the Company. 5. Tax benefits are as per the Income Tax Act, 1961 and are subject to amendments made therein from time to time. 6. This material belongs to Tata AIG Life Insurance Company Ltd. Any unauthorised use, reprint or circulation is prohibited. 7. Please know the associated risks and the applicable charges from your Insurance agent or the intermediary or policy document of the insurer. 8. Various funds offered under this contract are the names of funds and do not, in any way, indicate the quality of the plans, their future prospects & returns. 9. Premium paid in ULIPs are subject to Investment risks associated with capital markets & the NAV of the units may go up or down based on the performance of the fund and factors influencing capital markets & the insured is responsible for his/her decision. 10. ULIP products are different from traditional Life Insurance products and are subject to risk factors. 11. Tata AIG Life Insurance Company Limited is only the name of insurance company and i. Life Balance, ii. Life Growth, iii. Life Liquid, iv. Life Income, v. Life Equity, vi. Life Aggressive Growth, vii. Life Stable Growth, viii. Life Short-term Fixed Income, ix. Life Growth Maximiser, x. Life Large Cap Equity, xi. Life Growth Enabler, xii. Life Capital Guarantee, xiii. Life Select Equity, xiv. 110% Capital Guarantee, xv. Tata-aig Top 50, xvi. Tata-aig Top 200, xvii. Tata Aig Aggressive Flexi, xviii. Tata Aig Stable Flexi, xix. Tata Aig Bond, xx. Tata Aig Apex Investment, xxi. Whole Life Aggressive Growth, xxii. Whole Life Income, xxiii. Whole Life Stable Growth, xxiv. Whole Life Mid-cap Equity, xxv. Whole Life Short-term Fixed Income, xxvi. Future Equity Pension, xxvii. Future Capital Guarantee Pension, xxviii. Future Growth Pension, xxix. Future Balanced Pension, xxx. Future Income Pension, xxxi. Future Select Equity, are only the names of the Funds and does not in any way indicate the quality of the contracts, its future prospects or returns.
Tata AIG Life Insurance Company Ltd. (Tata AIG Life) (Regn. No. 110) Registered and Corporate Office: Peninsula Towers, 6th Floor, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013. Visit us at www.tata-aig-life.com or call toll-free on 1800-11-9966. Insurance is the subject matter of the solicitation
32
Unique Reference No.: L&C/Advt/2009/May/458

Life Invest Ement Report April 2009

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Funds

Investment Report April, 2009

Balanced and Growth Fund

PERFORMANCE - BALANCED FUND

PERFORMANCE - GROWTH FUND

Life Liquid Fund

ASSET ALLOCATION CD/CP's Cash, Bank & Others NET ASSETS

% to NAV 98.77 1.23 100.00

Cash, Bank & Others

Rating P1+ P1+ P1+ P1+ P1+ P1+

Life Income Fund

Government Securities CD/CPs

Corporate Bonds Cash, Bank & Others

Cash, Bank & Others

Life Equity Fund

INDEX Change 17.46% 21.00% 16.50% -34.04% 95.83% Industry/Rating

SECTOR STRATEGY Sector % to NAV

11.96% 2.00% 5.68%

Equity Fixed Deposits

CD/CP's Cash, Bank & Others

% to NAV 80.36 5.68 2.00 11.96 100.00

P1+ P1+ P1+ P1+

Life Aggressive Growth Fund

DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 1-Jul-06

NAV 9.8900 9.7710 9.7650 13.8250 10.0000 Industry/Rating

NAV Change 10.82% 12.17% 12.24% -20.72% 9.60% % of NAV

INDEX Change 12.38% 14.69% 14.22% -18.60% 12.84%

SECTOR STRATEGY Sector % to NAV

Cash, Bank & Others

% of NAV 53.16 29.71 17.12 100.00

Life Stable Growth Fund

DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 1-Jul-06

NAV 11.0050 10.8430 10.5500 12.8660 10.0000

NAV Change 7.50% 9.10% 12.13% -8.05% 18.30% % of NAV

INDEX Change 8.75% 10.19% 12.58% -7.57% 16.67%

1.61% 1.72% 1.83% 8.03%

SECTOR STRATEGY Sector % to NAV

Cash, Bank & Others

% of NAV 34.02 45.08 20.90 100.00

Life Short-Term Fixed Income Fund

PERFORMANCE - LIFE SHORT-TERM FIXED INCOME FUND

Corporate Bonds CD/CPs Cash, Bank & Others

% to NAV 68.58 11.87 19.56 100.00

Life Growth Maximiser Fund

DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 15-Oct-07

NAV 6.3950 6.3130 6.3840 9.1030 10.0000

NAV Change 9.93% 11.36% 10.12% -22.77% -29.70%

INDEX Change 10.78% 14.59% 16.74% -17.76% -20.29%

0.76% 0.13% 2.65%

SECTOR STRATEGY Sector % to NAV

Cash, Bank & Others

% to NAV 51.55 19.46 28.99 100.00

Life Large Cap Equity Fund

DATE 31-Mar-09 30-Jan-09 31-Oct-08 30-Apr-08 7-Jan-08

NAV 5.7290 5.6740 5.9480 9.8610 10.0000

S&P CNX NIFTY 3020.95 2874.80 2885.60 5165.90 6279.10

Cash, Bank & Others

ASSET ALLOCATION Equity Cash, Bank & Others NET ASSETS

% of NAV 75.11 24.89 100.00

SECTOR STRATEGY Sector % to NAV

4.71% 1.34% 6.52% 0.12%

Life Growth Enabler Fund

PERFORMANCE - LIFE GROWTH ENABLER FUND

Cash, Bank & Others