INVESTMENT ADVISORY SERVICES

Performance Update - Equity NFOs

(NAV as on May 31, 2007)
Open End Schemes

Approx
Collection
during the NFO
(Rs. Cr)

Diversified Funds
JM Hi Fi Fund - Growth
Average
BSE Sensex
Close end - Diversified Funds
ING Vysya C.U.B. Fund - Growth
UTI Wealth Builder Fund - Growth
Tata Capital Builder Fund - Growth
Standard Chartered Enterprise Equity Fund - Growth
Birla Long Term Adv Fund - Growth
Reliance Long Term Equity Fund - Growth
LIC MF India Vision Fund - Growth
SBI One India Fund - Growth
Average
BSE200
Diversified Funds- Value Investing
UTI Contra Fund - Growth
Average
BSE Sensex
Mid Cap Funds
ABN AMRO Future Leaders Fund - Growth
DSP Merrill Lynch Small and Midcap Fund - Growth
Average
CNX Midcap
Speciality / Thematic Funds
JM Financial Services Sector Fund - Growth
JM Telecom Sector Fund - Growth
CanInfrastructure Fund - Growth
Sahara Infrastructure Fund - Fixed Pricing - Growth
Fidelity India Special Situations Fund - Growth
Templeton India Equity Income Fund - Growth
UTI Leadership Equity Fund - Growth
Sundaram BNP Paribas Rural India Fund - Growth
Average
BSE Sensex
Derivative Based Funds
ICICI Prudential Equity & Derivatives Fund - I O - Retail - Growth
Tata Equity Management Fund - Growth
SBI Arbitrage Opportunities Fund - Growth
UTI Spread Fund - Growth
JM Arbitrage Advantage Fund - Growth
Standard Chartered Arbitrage Fund - Plan A (Regular) - Growth
Average
S&P Nifty
Equity Linked Tax Saving Schemes
DSP Merrill Lynch Tax Saver Fund - Growth
HSBC Tax Saver Equity Fund - Growth
Lotus India Tax Plan - Growth
DBS Chola Taxsaver Fund - Growth
Average
BSE100

Launch
Date

Current
AUM Date

Current
AUM
(Rs Cr)

(NAV as on
May 31,
2007)

80

20-Mar-06

Apr 07

34

10.44

75
970
325
1455
406
2100
234
1900

21-Aug-06
11-Oct-06
18-Aug-06
16-May-06
15-Sep-06
11-Dec-06
22-Dec-06
22-Dec-06

Apr 07
Apr 07
Apr 07
Apr 07
Apr 07
Apr 07
Apr 07
Apr 07

71
969
272
1570
415
2157
243
1843

13.75
11.29
11.65
12.39
11.47
10.93
10.25
10.31

1200

22-Mar-06

Apr 07

645

9.89

650
1450

7-Apr-06
16-Oct-06

Apr 07
Apr 07

264
1491

11.11
11.16

6
6
140
180
2000
2000
2030
1223

20-Nov-06
20-Nov-06
11-Sep-05
14-Mar-06
26-Apr-06
20-Apr-06
30-Jan-06
19-Apr-06

Apr 07
Apr 07
Apr 07
Apr 07
Apr 07
Apr 07
Apr 07
Apr 07

5
9
79
15
2200
1774
1043
824

11.75
12.09
15.22
12.12
13.63
13.23
13.07
11.95

2175
550
260
390
700
450

7-Dec-06
13-Jun-06
13-Oct-06
22-Jun-06
30-Jun-06
30-Nov-06

Apr 07
Apr 07
Apr 07
Apr 07
Apr 07
Apr 07

977
387
232
208
342
837

10.56
10.96
10.60
10.76
10.75
10.46

100
169
46
20

21-Dec-06
15-Dec-06
5-Dec-06
26-Oct-05

Apr 07
Apr 07
Apr 07
Apr 07

132
192
46
33

11.18
10.61
10.38
13.86

One Week
Return

One Month
Return

2.05
2.05
2.05
2.30
2.69
2.69
1.90
2.07
0.00
2.14
1.25
1.35
1.18
1.57
2.10
0.82
0.82
0.82
2.30
5.12
5.12
1.73
3.42
1.41
3.68
3.07
2.28
3.68
3.00
1.59
0.79
2.59
2.39
2.42
2.30
0.26
0.00
0.26
0.22
0.07
0.12
0.12
0.13
2.16
3.23
3.23
2.41
2.87
1.76
2.57
2.23

4.09
4.09
4.09
4.84
14.58
14.58
4.44
--6.11
5.94
-1.88
6.59
6.00
4.22
4.22
4.22
4.84
9.45
9.45
6.23
7.84
7.60
17.03
17.03
6.52
8.48
6.38
5.88
4.57
6.00
5.80
7.58
4.84
1.54
1.54
-0.74
0.70
0.78
0.71
0.89
5.09
8.92
8.74
6.24
8.92
2.74
6.66
6.20

Three Month
Return

Absolute Returns (%)

9.55
9.55
9.55
12.42
17.52
17.52
13.13
12.79
12.27
11.47
9.24
8.85
4.25
11.19
14.29
10.50
10.50
10.50
12.42
15.63
15.63
12.38
14.00
15.72
30.12
30.12
18.76
15.74
15.09
14.40
13.62
12.19
11.95
16.48
12.42
3.53
3.53
2.39
2.33
2.27
2.09
2.05
2.44
14.70
17.65
17.65
14.07
12.34
9.91
13.49
14.43

Six Month
Return

Since Inception

-6.28
-6.28
-6.28
6.19
21.47
21.47
9.51
4.07
6.71
5.52
----7.34
-0.10
-0.10
-0.10
6.19
7.79
7.79
6.62
7.21
11.35
14.50
--9.50
11.75
7.26
14.50
6.96
2.19
8.69
6.19
5.26
--2.62
5.26
4.92
5.07
--8.63
1.39
---1.39
1.39
7.76

3.82
3.82
3.82
-37.50
37.50
12.90
16.50
23.90
14.70
9.27
2.49
3.10
15.05
--0.92
-0.92
-0.92
-11.55
11.55
10.28
10.91
-35.28
17.50
20.90
32.49
18.03
35.28
30.99
22.27
17.35
24.35
-9.58
5.60
9.58
6.01
7.63
7.45
4.65
6.82
-22.72
8.50
6.05
3.80
22.72
10.27
--

The returns are sorted on three month basis

The returns for some of the funds may not be available for all periods since their NAVs are declared once a week
The figures in red indicate maximum returns.
This document has been prepared by IL&FS Investsmart Ltd. (the Company) and is being distributed in India by the Company, a registered broker-dealer. The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. This document is not, and
should not be construed as, an offer to sell or solicitation to buy any securities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. (c) 2005 IL&FS Investsmart Ltd

For any information/ clarification, contact by email:

himanshu.hemrajani@investsmartindia.com, akshaya.rao@investsmartindia.com, manasee.nagarkar@investsmartindia.com,91-022-67610623