MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

CIO’s Comment

The news on the macro front is mixed. The monsoon remains weak and this is
causing a lot of concern. The rainfall till August 5th, 2009 is over 25% below
normal. 25 of the 36 divisions or nearly 70% of the country are facing deficient
rainfall. The forecast is that the rainfall will be 13% below the long term average.
The North West states, which account for a large part of our agricultural
produce, face a drought like situation. Sowing till July 31st, 2009 was down 5.5%
and the rice acreage is down 25%. The winter wheat crop may also be affected. A
Mr. Sashi Krishnan weak monsoon has implications for both GDP growth as well as fiscal deficit.
CIO, BALIC With agricultural output down and food grain production expected to reduce,
the GDP growth could drop by around 0.5%. There will be increased spending
on drought mitigation causing a further expansion in fiscal deficit. Food price inflation may also start
firming up.

However, news on the other fronts is positive. The core sector growth for June 2009 saw a rebound and
the growth was 6.9% as compared to 5.1% in the previous week. The Index of Industrial Production (IIP)
also grew by 2.7% in May 2009 as compared to 1.4% in April 2009. Manufacturing is showing signs of a
revival and posted a growth of 2.5% in May.

The Reserve Bank of India, in its first quarterly Monetary Policy for 2009-10, kept the repo rate, reverse
repo rate, CRR and SLR unchanged. RBI thus signaled that it would continue its accommodative
monetary policy stance till such time that it saw robust signs of economic recovery. Policy rates are now
at a historic low and would remain there till such time as inflation rises beyond RBI's comfort level or
growth get back to 7% levels.

The bond markets, unfortunately, did not respond RBI's easy monetary stance or the huge liquidity in the
system. The yield curve steepened and the 10-year benchmark government bond yield moved up 15
basis points to 7.15%.

In contrast, the equity markets rebounded after a sharp post budget correction. The main driver of the
equity markets was the spate of better than expected corporate results. Earnings growth in many
companies surprised positively. Though top line growth was flat, bottom line growth for the broad
market was in the region of 10%. The Sensex gained about 8% in the month, closing with a gain of 1177
points at 15670. The Sensex gain since March 31st, 2009 has been a staggering 76%, the highest 5
month gain ever in the Indian markets. The sectors that outperformed were the auto, FMCG, realty and
technology sectors. The only sector to give a negative return was the capital goods sector.

The equity markets will remain range bound in near future as there could be headwinds on the
monsoon front. The long term outlook however looks positive, especially with most macro indicators
pointing to a reversal.
MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

Bajaj Allianz Recommendations

For investors who are not keen on taking on higher risk but desire to participate in the upside that an
equity investment offers, the Asset Allocation Fund is an ideal vehicle.

The primary determinant of risk and return in a portfolio is asset allocation. Portfolio returns are not
determined by market timing or security selection, but mainly by asset allocation decisions. Very often,
small investors do not have adequate knowledge or access to information to make an informed decision
regarding asset allocation. It is because of this that we offer investors an option of an Asset Allocation
Fund. In our Asset Allocation Fund, we give investors the benefit of superior asset allocation, that
enables the fund to lower risk and improve return by spreading the investment across a variety of asset
classes, that behave differently during market cycles. Small investors then benefit from strategies that
take advantage of the movement of asset prices resulting from changing financial and economic
conditions.

Currently, the asset allocation fund is invested to the extent of 48% in equity and 51% in debt securities.
Our long term outlook for equities remains sanguine. The Indian growth story still remains intact as it is
mainly driven by domestic consumption. We now observe that a number of macro indicators have
turned for the better and corporate earnings have surprised us positively – all of which is good for the
equity markets. We expect interest rates to remain soft, given RBI's accommodative monetary stance,
liquidity in the system and low inflation. Bond markets should therefore, remain stable.

The Asset Allocation Fund has outperformed its benchmark over the one year period as on 31st July,
2009. The Asset Allocation fund has also outperformed the benchmark CRISIL Balanced Fund Index by
6.9%.

Scheme Name 1 Year

Asset Allocation Fund 18.14%

Indices

Crisil Balanced Fund Index 11.65%

This outperformance has been achieved through a dynamic asset allocation strategy and by judicious
stock selection.
MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

FUND PERFORMANCE

ASSET PROFILE

ASSET EQUITY
EQUITY - MID ETHICAL
ASSET CLASS ALLOCATION CASH FUNDS DEBT FUNDS FUNDS LARGE
CAP FUND
FUND CAP
SHARES 48.8% 0.0% 0.0% 91.1% 90.2% 90.7%
CORPORATE BONDS 31.9% 0.0% 73.4% 0.0% 0.0% 0.0%
FIXED DEPOSITS 11.3% 31.3% 0.9% 0.6% 0.0% 0.0%
MONEY MARKET INSTRUMENTS 4.4% 68.7% 8.5% 7.1% 9.3% 0.0%
CENTRAL GOVERNMENT SECURITIES 2.7% 0.0% 16.9% 0.0% 0.0% 0.0%
MUTUAL FUND UNITS 0.8% 0.0% 0.4% 1.1% 0.5% 0.0%
TREASURY BILLS 0.1% 0.0% 0.0% 0.2% 0.0% 9.3%
GRAND TOTAL 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

FUND PERFORMANCE

Absolute Return CAGR Return

Type FUND NAMES
1 Month 3 month 6 month 1 Year 2 Year 3 year
Asset Allocation Asset Allocation Fund 5.8% 17.3% 27.8% 18.1%
Asset Allocation Asset Allocation Pension Fund 5.5% 16.0% 25.8% 17.1%
Crisil Balanced Fund Index 5.3% 21.2% 39.6% 11.7%
Cash Fund Unit Gain - Cash 0.6% 1.9% 4.1% 9.2% 8.6% 8.1%
Cash Fund Unit Gain Plus - Cash Plus 0.8% 2.4% 5.0% 11.0% 10.4% 9.7%
Cash Fund Cash Plus Pension 0.7% 2.7% 5.2% 11.0% 10.6% 10.0%
Cash Fund Liquid Fund 0.7% 2.3% 4.8% 10.5% 10.1% 9.5%
Cash Fund Liquid Pension Fund 0.7% 2.3% 5.0% 10.8% 10.3% 9.6%
Crisil Composite Liquid Index 0.2% 0.8% 2.8% 7.9% 7.4% 7.4%
DEBT FUNDS Unit Gain - Debt 0.1% 0.0% 3.1% 15.8% 9.5% 8.4%
DEBT FUNDS Unit Gain Plus - Debt Plus 0.4% 0.6% 4.4% 18.5% 11.8% 10.3%
DEBT FUNDS Debt Plus Pension 0.1% 0.1% 4.1% 17.0% 11.1% 10.2%
DEBT FUNDS Premier Debt Fund 0.0% 0.1% 3.4% 16.0% 9.7% 8.7%
DEBT FUNDS Life Long Gain 0.3% 0.2% 3.9% 16.2% 9.5% 8.5%
DEBT FUNDS Bond Fund 0.4% 0.4% 4.3% 18.0% 11.1% 10.0%
DEBT FUNDS Premier Bond Fund 0.3% 0.1% 3.4% 15.4% 8.8% 8.1%
DEBT FUNDS Bond Pension Fund 0.5% 0.4% 4.6% 18.6% 12.4% 11.0%
Crisil Composite Bond Index 0.1% -0.4% 2.5% 11.6% 6.9% 6.8%
LARGE CAP Unit Gain - Equity Gain 9.4% 33.7% 57.0% 15.3% 0.0% 12.3%
LARGE CAP Unit Gain Plus - Equity Plus 9.9% 35.3% 58.5% 17.1% 0.7% 13.4%
LARGE CAP Equity Plus Pension 9.9% 37.4% 63.4% 24.4% 3.9% 15.9%
LARGE CAP Premier Equity Gain 10.4% 37.0% 61.5% 18.9% 0.6% 13.3%
LARGE CAP Equity Growth Fund 9.0% 32.8% 55.2% 7.1% -2.3% 9.7%
LARGE CAP Premier Equity Growth Fund 7.6% 32.9% 54.4% 3.3% -5.9% 6.4%
LARGE CAP Equity Growth Pension Fund 9.3% 35.5% 57.9% 7.5% -2.1% 8.8%
CNX NSE Nifty Index 8.0% 33.5% 61.3% 7.0% 1.2% 13.8%
MID CAP Unit Gain Mid Cap 10.2% 48.7% 68.9% 21.6% 4.6% 14.9%
MID CAP Unit Gain Mid Cap Plus 11.4% 50.6% 72.5% 24.6% 7.0% 17.6%
MID CAP Unit Gain Mid Cap Plus Pension 11.3% 54.2% 76.3% 29.1% 11.5% 20.7%
MID CAP Accelerator Mid cap Fund 11.1% 50.4% 72.4% 14.2% 0.7% 11.8%
MID CAP Accelerator Mid Cap Pension Fund 10.3% 55.7% 77.4% 16.3% 3.3% 14.4%
NIFTY MID CAP 50 index 8.3% 63.7% 90.4% 5.1% -5.9% 9.8%
Ethical Fund Pure Equity Fund 11.3% 38.0% 65.7% 31.6% 15.0% 19.0%
Ethical Fund Pure Stock Fund 11.3% 36.7% 64.2% 29.8% 16.2% 19.5%
Ethical Fund Pure Stock Pension Fund 10.6% 43.0% 69.2% 30.2%
CNX NSE Nifty Index 8.0% 33.5% 61.3% 7.0% 1.2% 13.8%
MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

Asset Allocation Fund Company Name % Value % Total Value

CENTRAL GOVERNMENT SECURITIES 2.73%
Asset Allocation Pension Fund - Asset Allocation Fund GOI 2.73%
CORPORATE BONDS 31.91%
POWER FINANCE CORPORATION LIMITED 6.75%
RURAL ELECTRIFICATION CORPORATION 5.64%
Investment Objectives IRFC LIMITED
EXIM
5.27%
3.31%
HOUSING DEVELOPMENT FINANCE CORPORATION LTD 3.29%
To realize a level of total income, including current income and capital Other Corporate Bonds 7.65%
appreciation, which is consistent with reasonable investment risk. The FIXED DEPOSITS 11.30%
investment strategy will involve a flexible policy for allocating assets among SYNDICATE BANK 3.61%
equities, bonds and cash. The fund strategy will be to adjust the mix between STATE BANK OF INDIA 3.10%
HDFC BANK LTD 1.80%
these asset classes to capitalize on the changing financial markets and economic
Other FIXED DEPOSITS 2.79%
conditions. The fund will adjust its weights in equity, debt and cash depending on MONEY MARKET INSTRUMENTS 4.36%
the relative attractiveness of each asset class. CANARA BANK 1.94%
RURAL ELECTRIFICATION CORPORATION 0.96%
BANK OF BARODA 0.60%
Fund Exposure PUNJAB NATIONAL BANK 0.47%
CORPORATION BANK 0.12%
Equities 0% to 100% Other MMI 0.27%
SHARES 48.80%
Debt and Money market instruments 0% to 100% RELIANCE INDUSTRIES LTD 3.59%
HINDUSTAN UNILEVER LTD 3.10%
ITC LTD 2.40%
OIL & NATURAL GAS CORPN LTD 2.28%
IDEA CELLULAR LTD 2.20%
BHARTI AIRTEL LIMITED 2.19%
INFOSYS TECHNOLOGIES LTD 2.13%
HINDALCO INDUSTRIES LTD 2.06%
Asset Profile WIPRO LTD 1.98%
AXIS BANK LTD 1.83%
DR REDDY S LABORATORIES LTD 1.79%
COLGATE-PALMOLIVE (INDIA) LTD 1.58%
MONEY MARKET
INSTRUMENTS
C ENTRAL ICICI BANK LTD 1.54%
GOVERNMENT
4.36%
SEC URITIES TREASURY BILLS
STATE BANK OF INDIA 1.48%
FIXED DEPOSITS 2.73% 0.09% Other Shares 18.66%
11.30% MUTUAL FUND UNITS 0.80% 0.80%
MUTUAL FUND
UNITS TREASURY BILLS 0.09% 0.09%
0.80% Grand Total 100% 100%
C ORPORATE
BONDS
31.91% SHARES
48.80%

Returns
Absolute Returns CAGR
FUND NAMES 3 month 6 months 1 year Returns since
inception CAGR
Asset Allocation Fund 17.27% 27.84% 18.14% 7.45%
Asset Allocation Pension Fund 16.00% 25.80% 17.05% 5.60%
* Returns are Absolute

Industry Distribution

Retail 17.28%
Bank 14.71%
Refinery 12.32%
Telecom 8.99%
Information Technology 8.42%
Pharma 7.61%
Oil & Gas 7.28%
Metals 5.91%
Diversified Financials 4.35%
Utilitties 4.31%
Automobile 2.74%
C apital Goods 2.33%
Real Estate 1.89%
C ement 1.87%
MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

Cash Funds Company Name % Value % Total Value

FIXED DEPOSITS 31.31%
ICICI BANK LTD 9.1%
Cash Fund - Cash Plus - Cash Plus Pension PUNJAB NATIONAL BANK 6.9%
Liquid Fund - Liquid Pension Fund STATE BANK OF INDIA 6.1%
Other FIXED DEPOSITS 9.2%
MONEY MARKET INSTRUMENTS 68.69%
BANK OF BARODA 10.8%
UNION BANK OF INDIA 9.3%
Investment Objectives POWER FINANCE CORPORATION LIMITED 6.9%
HOUSING DEVELOPMENT FINANCE CORPORATION LTD 6.9%
EXIM 6.8%
The objective of this Fund is to protect the invested capital through investments STATE BANK OF MYSORE 5.2%
in money market and short term debt instruments. This fund will invest 100% of CORPORATION BANK 4.2%
its portfolio in bank deposits and money market instruments. Not more than 20 % HDFC BANK LTD 4.1%
STATE BANK OF HYDERABAD 3.6%
of the apportioned premium can be put in this fund.
Other MMI 10.9%
Grand Total 100% 100%

Fund Exposure
Bank Deposits & Money Market Instruments 0% to 100%

Asset Profile Maturity Profile

FIXED MORE THAN 6

DEPOSITS MONTHS
31.31% 23.08%
< 3 MONTHS
51.24%

MONEY 3-6 MONTHS

MARKET 25.68%
INSTRUMENTS
68.69%

Returns Rating Profile

Annualized Returns
FUND NAMES 1 month 3 months 6 months 1 year
Unit Gain - Cash 7.26% 7.58% 8.16% 9.22%
Deposit with
Unit Gain Plus - Cash Plus 9.04% 9.54% 10.00% 10.98% Banks
31.31%
Pension - Cash Plus Pension 8.61% 10.60% 10.44% 11.02%
Liquid Fund 8.31% 8.85% 9.57% 10.46%
Liquid Pension Fund 7.94% 9.20% 9.99% 10.82%

A1+/P1+/INDF1
+/C AREPR1+
68.69%
AVERAGE MATURITY AND PORTFOLIO YTM
FUND CLASSIFICATION PORTFOLIO YTM
PORTFOLIO YTM Avg
Avg Duration
Duration
(( in
in years
years ))
CASH FUNDS
CASH FUNDS 9.95%
11.59% 0.29
0.55

Comments of the fund manager

The funds continued to invest in highly liquid short term papers as per the mandates.
MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

Debt Funds Company Name % Value % Total Value

CENTRAL GOVERNMENT SECURITIES 16.87%
Debt Fund - Debt Plus - Debt Plus Pension - Premier Debt GOI 16.87%
CORPORATE BONDS 73.44%
Fund - Bond Fund - Bond Pension Fund - Premier Bond Fund - IRFC LIMITED 16.17%
Life Long Gain POWER FINANCE CORPORATION LIMITED 12.72%
RURAL ELECTRIFICATION CORPORATION 11.73%
EXIM 7.02%
LIC HOUSING FINANCE LTD 6.68%
Investment Objectives NABARD
HOUSING DEVELOPMENT FINANCE CORPORATION LTD
5.46%
3.15%
Other Corporate Bonds 10.49%
The objective of the fund is to provide accumulation of income through FIXED DEPOSITS 0.85%
investment in high quailty fixed income securities. This Fund will have HDFC BANK LTD 0.67%
STATE BANK OF BIKANER & JAIPUR 0.12%
an exposure of maximum 20% in money market instruments and
PUNJAB NATIONAL BANK 0.07%
minimum of 80% in G Secs, bonds and fixed deposits MONEY MARKET INSTRUMENTS 8.45%
UNION BANK OF INDIA 2.27%
PUNJAB NATIONAL BANK 1.72%
STATE BANK OF TRAVANCORE 0.99%
Fund Exposure BANK OF INDIA 0.90%
SYNDICATE BANK 0.79%
Other MMI 1.78%
Dept & Money Market Instruments 0% to 100% Grand Total 100% 100%

Asset Profile
Maturity Profile
MONEY MARKET FIXED
INSTRUMENTS DEPOSITS
< 6 MONTHS
C ENTRAL 8.45% 0.85% MUTUAL FUND
GOVERNMENT 5.61%
UNITS > 6 YEARS 6-12 MONTHS
SEC URITIES 0.39% 28.25% 7.94%
16.87%
1-2 YEARS
4.76%

C ORPORATE
BONDS
73.44%
2-4 YEARS
4-6 YEARS
27.20%
26.25%

Fund Performance
Annualized Returns
FUND NAMES 1 month 3 months 6 months 1 year
Unit Gain - Debt 0.74% -0.17% 6.29% 15.79% Rating Profile
Unit Gain Plus - Debt Plus 4.24% 2.39% 8.82% 18.46%
Pension - Debt Plus Pension 0.94% 0.20% 8.30% 17.04%
Premier Debt Fund 0.09% 0.48% 6.82% 16.04%
Life Long Gain 3.49% 0.94% 7.88% 16.18% AA+/LAA/C ARE
AA+ DEPOSITS WITH
A1+/P1+/INDF1
1.27% BANKS
Bond Fund 4.18% 1.39% 8.55% 17.99% +/C AREPR1+
0.86%
8.49%
Premier Bond Fund 3.01% 0.54% 6.80% 15.37%
SOVEREIGN
Bond Pension Fund 5.44% 1.71% 9.23% 18.64%
16.93%

AVERAGE MATURITY AND PORTFOLIO YTM AAA/C AREAAA/L

AAA/AAA(SO)
FUND CLASSIFICATION PORTFOLIO YTM Avg Duration 72.45%

( in years )
DEBT FUNDS 7.94% 3.77

Comments of the fund manager

The Reserve Bank of India (RBI) kept all policy rates unchanged in its quarterly review of Monetary Policy. While the RBI believes that there are signs of
recovery in the economy, it was too early to call it a turnaround and would continue to maintain current monetary stance till definitive signs of growth
exist. At the same time, RBI expressed concern on the build up of inflationary expectations due to the ample liquidity and would watch the price indices
closely. We are maintaining duration at current levels while keeping a close eye on how the monsoon develops and its impact on growth and food prices.
MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

Capital Shield - 1
Capital Shield - 1 - Risk Profile - Low Company Name % Value % Total Value
CORPORATE BONDS 33.04%
EXIM 22.2%
POWER FINANCE CORPORATION LIMITED 6.1%
RURAL ELECTRIFICATION CORPORATION 4.7%
MONEY MARKET INSTRUMENTS 3.95%
Investment Objectives CORPORATION BANK 1.6%
Other MMI 2.3%
FIXED DEPOSITS 44.13%
The investment objective of fund is to provide capital guarantee at maturity. The EXIM 28.1%
fund strategy would be to match capital guarantee at maturity by investing STATE BANK OF INDIA 16.0%
adequately in debt securities and mutual funds and rest in high rated secured SHARES 14.20%
CORPORATION BANK 2.9%
debentures to provide the benefit of diversification.
HINDUSTAN UNILEVER LTD 2.9%
MASTEK LTD 2.7%
BAYER (INDIA) LTD 2.5%
AVENTIS PHARMA LTD 1.5%
ITC LTD 1.3%
TATA POWER COMPANY LTD 0.4%
MUTUAL FUND UNITS 5% 5%
Grand Total 100% 100%

Asset Profile

MUTUAL FUND
UNITS
4.87%
SHARES
14.79%

FIXED
DEPOSITS
45.95%
C ORPORATE
BONDS
34.39%

Rating Profile

P1+/A1+/C AREP
R1
4.87%

AAA
40.73%
Deposit with
Banks
54.40%

Returns
Absolute Returns

FUND NAME 1 month 3 months 6 months

CAPITAL SHIELD-1 1.95% 7.28% 10.84%

MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

Index Linked ( Nifty ) Funds Company Name % Value % Total Value

MONEY MARKET INSTRUMENTS 0.55%
Equity Fund - Equity Index - Equity Index Pension - Premier BANK OF BARODA
SYNDICATE BANK
0.12%
0.10%
Equity Fund - Equity Index Fund II - Equity Index Pension CANARA BANK 0.08%
CORPORATION BANK 0.07%
Fund II - Premier Equity Index Fund UNION BANK OF INDIA 0.06%
Other MMI 0.12%
SHARES 99.4%
RELIANCE INDUSTRIES LTD 10.97%
INFOSYS TECHNOLOGIES LTD 7.78%
LARSEN & TOUBRO LTD 6.96%
ICICI BANK LTD 6.65%
ITC LTD 5.04%
Investment Objectives HOUSING DEVELOPMENT FINANCE CORPORATION LTD 5.02%
HDFC BANK LTD 4.06%
BHARTI AIRTEL LIMITED 4.03%
The objective of the fund is to provide capital appreciation through STATE BANK OF INDIA 3.68%
investment in equities forming part of NSE Nifty. This fund will have an OIL & NATURAL GAS CORPN LTD 3.10%
BHARAT HEAVY ELECTRICALS LTD. 2.78%
exposure of maximum 15% in bank deposits and money market instruments
HINDUSTAN UNILEVER LTD 2.40%
and minimum 85% in Equities. TATA CONSULTANCY SERVICES LTD 1.93%
TATA STEEL LTD. 1.76%
TATA POWER COMPANY LTD 1.52%
Fund Exposure AXIS BANK LTD
GRASIM INDUSTRIES LTD
1.50%
1.48%
JINDAL STEEL & POWER LTD 1.48%
Bank Deposits & Money Market Instruments 0% to 40% MARUTI SUZUKI INDIA LIMITED 1.48%
Other Shares 25.74%
Equities 60% to 100% Mutual Fund 0.08% 0.1%
Grand Total 100% 100%

Fund Performance
Absolute Returns CAGR
FUND NAMES 3 months 6 months 1 Year 2 years 3 years Returns since
inception
Unit Gain – Equity 32.94% 59.25% 5.80% -0.12% 12.66% 14.81%
Unit Gain Plus - Equity Index 34.01% 60.29% 7.26% 1.33% 14.11% 22.55%
Pension - Equity Index Pension 33.46% 60.54% 7.32% 1.16% 14.07% 20.94%
Premier Equity Fund 33.62% 59.42% 5.89% 0.02% 12.70% 13.43%
Equity Index Fund II 33.78% 60.62% 7.53% 1.18% 13.64% 14.41%
Premier Nifty Index Fund 33.31% 59.46% 5.63% -0.41% 11.88% 12.57%
Equity Index Pension Fund II 33.26% 59.84% 6.84% 0.89% 13.24% 13.45%

Industry Distribution
Bank 16.72%
Refinery 11.53%
Capital Goods 11.40%
IT 11.36%
Retail 7.49%
Telecom 6.79%
Diversified Fin 6.55%
Metals 6.55%
Utilitties 6.18%
Oil & Gas
Asset Profile
5.10%
Automo bile 4.77% SHARES
Real Estate 99.37%
2.10%
Pharma 2.07%
Cement 1.41%

MUTUAL FUND MONEY MARKET

UNITS INSTRUMENTS
0.08% 0.55%
MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

Equity Large Cap Funds Company Name % Value % Total Value

MONEY MARKET INSTRUMENTS 7.08%
Equity Gain- Equity Plus - Equity Plus Pension - Premier PUNJAB NATIONAL BANK 0.93%
CANARA BANK 0.92%
Equity Gain Fund - Equity Growth Fund - Equity Growth BANK OF BARODA 0.91%
CORPORATION BANK 0.76%
Pension Fund - Premier Equity Growth Fund STATE BANK OF TRAVANCORE 0.46%
Other MMI 3.09%
SHARES 91.05%
RELIANCE INDUSTRIES LTD 8.54%
INFOSYS TECHNOLOGIES LTD 5.40%
ITC LTD 5.14%
BHARTI AIRTEL LIMITED 4.03%
OIL & NATURAL GAS CORPN LTD 3.93%
Investment Objectives ICICI BANK LTD
HINDUSTAN UNILEVER LTD
3.68%
3.54%
STATE BANK OF INDIA 3.44%
The objective of the fund is to provide capital appreciation through WIPRO LTD 3.21%
IDEA CELLULAR LTD 3.18%
investment in selected equity shares that have the potential for capital HINDALCO INDUSTRIES LTD 3.18%
appreciation. This fund will have an exposure of maximum 20% in bank AXIS BANK LTD 2.84%
depositsand money market instruments and minimum 80% in Equities. HDFC BANK LTD 2.82%
MARUTI SUZUKI INDIA LIMITED 2.42%
UNITECH LTD 2.26%
GAS AUTHORITY OF INDIA LTD 2.07%
Fund Exposure GRASIM INDUSTRIES LTD 2.00%
DR REDDY S LABORATORIES LTD 1.90%
Bank Deposits & Money Market Instruments 0% to 40% TATA TEA LTD 1.79%
ULTRA TECH CEMCO LIMITED 1.78%
Other Shares 23.91%
Equities 60% to 100% TREASURY BILLS 0.18% 0.18%
MUTUAL FUND UNITS 1.07% 1.07%
Fixed Deposit 0.61% 0.61%
Grand Total 100.00% 100.0%

Fund Performance
Absolute Returns CAGR
FUND NAMES 3 months 6 months 1 year 2 years 3 years Returns since
CAGR CAGR inception CAGR
Unit Gain - Equity Gain 33.73% 56.98% 15.32% -0.02% 12.33% 23.19%
Unit Gain Plus - Equity Plus 35.25% 58.52% 17.13% 0.65% 13.42% 24.36%
Pension - Equity Plus Pension 37.40% 63.43% 24.39% 3.92% 15.92% 24.45%
Premier Equity Gain 37.01% 61.45% 18.86% 0.64% 13.26% 13.51%
Equity Growth Fund 32.80% 55.17% 7.09% -2.29% 9.72% 9.64%
Premier Equity Growth Fund 32.86% 54.39% 3.33% -5.87% 6.36% 7.39%
Equity Growth Pension Fund 35.50% 57.91% 7.47% -2.11% 8.81% 9.72%

Retail 11.50%
Refinery 11.29%
Information Technology 11.15%
Telecom 8.41%
Pharma 7.20%
Oil & Gas 6.63%
Metals 5.04%
Automobile 4.76%
Diversified Financials 4.41% Asset Profile
Utilitties 4.00% FIXED
MUTUAL FUND DEPOSITS
C apital Goods 3.71% UNITS 0.61% TREASURY BILLS
1.07% 0.18%
Real Estate 2.51%
MONEY MARKET
C ement 1.96% INSTRUMENTS
7.08%
Infrastructure 0.61%
Media 0.02%

SHARES
91.05%

Comments of the fund manager

Quaterly results for the first quarter of the current financial year have surprised positively with cost cutting measures contributing towards margin expansion and
improved profitability. We continue to maintain our overweight stance on pharmaceuticals and FMCG and would look at exploring stock specific investment
opportunities.
MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

Equity Midcap Company Name % Value % Total Value

MONEY MARKET INSTRUMENTS 9.35%
BANK OF BARODA 2.11%
MidCap - MidCap Plus - MidCap Plus Pension - Accelerated CORPORATION BANK 1.16%
PUNJAB NATIONAL BANK 2.56%
Mid Cap Fund - Accelerated Mid Cap Pension Fund CANARA BANK
STATE BANK OF TRAVANCORE
0.24%
0.81%
Other MMI 2.46%
SHARES 90.19%
AUROBINDO PHARMA LTD 4.08%
MPHASIS BFL LIMITED 3.76%
ULTRA TECH CEMCO LIMITED 3.66%
ANDHRA BANK 3.30%
CORPORATION BANK 3.18%
ORACLE FINANCIAL SERVICES SOFTWARE LIMITED 3.01%
IVRCL INFRASTRUCTURES & PROJECTS LTD 2.97%
Investment Objectives TATA TEA LTD
MASTEK LTD
2.64%
2.61%
TATA CHEMICALS LTD 2.59%
GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD 2.58%
The objective of this fund is to achieve capital aprreciation by investing in a INDIAN BANK 2.52%
BAYER (INDIA) LTD 2.50%
diversified basket of mid cap and large cap stocks. This fund will have an KANSAI NEROLAC PAINTS LTD 2.42%
exposure of maximum 20% in bank deposits and money market instruments and GUJARAT GAS COMPANY LTD 2.10%
SHREE CEMENT LTD 2.04%
80% in equities. Of the equity investment at least 50% will be in mid cap shares. SHIPPING CORPORATION OF INDIA LTD 2.04%
INDRAPRASTHA GAS LIMITED 1.92%
DIVIS LABORATORIES LTD. 1.91%
Fund Exposure GREAT EASTERN SHIPPING COMPANY LTD ( NEW)
Other Shares
1.86%
36.49%
MUTUAL FUND UNITS 0.46% 0.46%
Bank Deposits & Money Market Instruments 0% to 40% Grand Total 100% 100%

Equities 60% to 100%

Fund Performance
Absolute Returns CAGR
FUND NAMES 3 months 6 months 1 year 2 years 3 years Returns since
CAGR inception CAGR

Unit Gain Mid Cap 48.67% 68.88% 21.64% 4.55% 14.90% 21.52%
Unit Gain Mid Cap Plus 50.63% 72.52% 24.59% 6.95% 17.61% 23.68%
Unit Gain Mid Cap Plus Pension 54.20% 76.32% 29.08% 11.50% 20.73% 26.72%
Accelerator Mid cap Fund 50.43% 72.43% 14.18% 0.71% 11.82% 13.19%
Accelerator Mid Cap Pension Fund 55.75% 77.44% 16.29% 3.35% 14.45% 14.37%

Industry Distribution

Pharma 15.24%
Bank 12.86%
IT 11.87%
Retail 8.07%
C ement 7.64%
Infrastructure 6.85%
C apital Goods 4.50%
Logistics 4.33%
Automobile 4.25% Asset Profile
Telecom 3.87%
C hemicals 3.74% MUTUAL FUND
Fertilzers 2.87% UNITS
MONEY MARKET
Refinery 2.41% 0%
INSTRUMENTS
Oil & Gas 1.91%
9%
Textile 1.71%
Metals 1.63%
Pesticides 1.58%
Utilitties 1.32%
Diversified Fin 1.30%
Media 1.06%
Travel & Tourism 1.00%

SHARES
91%

Comments of the fund manager

In the last month we maintain our overweight position on the pharmaceutical segment and to the commodity stocks viz. steel and cement.
Would continue to focus on companies with a strong business model with good quality management and strong levels of corporate governance.
MONTHLY INVESTMENT UPDATE - UNIT LINKED INSURANCE PLANS - AUGUST 2009

Pure Equity Fund Company Name % Value % Total Value

SHARES 90.74%
RELIANCE INDUSTRIES LTD 7.84%
Pure Equity Fund - Pure Stock Fund INFOSYS TECHNOLOGIES LTD 6.97%
HINDUSTAN UNILEVER LTD 5.39%
IDEA CELLULAR LTD 4.46%
SHREE CEMENT LTD 4.32%
MARUTI SUZUKI INDIA LIMITED 4.31%
OIL & NATURAL GAS CORPN LTD 3.74%
HINDALCO INDUSTRIES LTD 3.49%
DR REDDY S LABORATORIES LTD 3.46%
Investment Objectives BHARTI AIRTEL LIMITED 3.30%
TATA TEA LTD 3.30%
NAGARJUNA CONSTRUCTIONS 3.01%
The investments in this fund will specifically exclude companies GRASIM INDUSTRIES LTD 2.89%
dealing in Gambling, Contests, Liquor, Entertainment (Films, TV, etc.), RANBAXY LABORATORIES LTD 2.68%
MASTEK LTD 2.56%
Hotels, Banks and Financial Institutions, Investment would be atleast MPHASIS BFL LIMITED 2.41%
80% in equities and not more than 20% in bank deposits and money ULTRA TECH CEMCO LIMITED 2.32%
UNITECH LTD 2.28%
market instruments. TATA CONSULTANCY SERVICES LTD 2.09%
KANSAI NEROLAC PAINTS LTD 2.07%
Other Shares 17.86%
Fund Exposure TREASURY BILLS 9.26% 9.26%
Grand Total 100% 100%
Govt. Treasury bills (Non-interest bearing) 0% to 40%
Equities 60% to 100%

Fund Performance
Absolute Returns CAGR
FUND NAMES 3 months 6 months 1 year 2 years Returns since
CAGR inception

Pure Equity Fund 37.97% 65.67% 31.57% 14.96% 18.10%

Pure Stock Fund 36.74% 64.18% 29.75% 16.20% 20.01%

Pure Stock Pension Fund 42.96% 69.24% 30.15% 18.62%

Asset Profile
TREASURY BILLS
9.26%

SHARES
90.74%

Industry Distribution

Pharma 11.7%
Refinery 10.4%
Telecom 10.2%
C ement 7.3%
Oil & Gas 6.2%
Automobile 5.2%
Metals 3.9%
Infrastructure 3.3%
C apital Goods 3.2%
Diversified Fin 3.2%
Real Estate 2.5%
C hemicals 2.3%
Utilitties 1.4%