Frees You To Enjoy The Ride Up Saves You On

M a y 2 0 0 9
Frees you to enjoy the ride up

Saves you on the way down
Birla Sun Life Freedom Fund

An open ended balanced scheme
Past performance is no guarantee of future results.

4 fund houses were eligible out of a universe of 26. Period: 4 quarterly CPRs in 2007. For award methodology and further details refer page 48
3 fund houses were eligible out of a universe of 27. Period: 4 quarterly CPRs in 2008. For further details of Birla Sun Life Freedom Fund refer page 51
Toll Free: 1-800-22-7000 (MTNL / BSNL) / 1-800-270-7000 | Non Toll Free: 022-6691 7777 | Website: www.birlasunlife.com
sms ‘GAIN’ to 56161 | E-mail: connect@birlasunlife.com
M a y 2 0 0 9
Asset Allocation Guide
Asset Allocation guide: Asset Allocation Guide

25000
This Asset Allocation guide helps you decide your broad BSE Sensex
20000
allocation to equities at different market levels. The

adjustment as per the recommended asset allocation may be 15000
Expensive
done on a six monthly basis or whenever you review your 10000
Fair
portfolio.
5000
Discounted
How it works? 0
Mar-91
Sep-91
Mar-01
Sep-01
Mar-92
Sep-92
Mar-02
Sep-02
Mar-95
Sep-95
Mar-99
Sep-99
Mar-98
Mar-05
Sep-05
Mar-93
Sep-93
Mar-96
Sep-96
Sep-98
Mar-00
Sep-00
Mar-94
Sep-94
Mar-97
Sep-97
Mar-03
Sep-03
Mar-06
Sep-06
Mar-08
Sep-08
Mar-04
Sep-04
Mar-07
Sep-07
Mar-09
The graph plots month end values of BSE Sensex since March 1991. The Fair price boundaries have been decided by taking P/E of 10.5 & 18.5 as
Lets see how it will help you in your wealth creation goals with the lower & upper boundaries times the 1 year forward earnings of the Sensex. The values above the fair band has been assumed to be expensive &
below the fair band has been assumed to be discounted. This is just a suggested band as per forward earnings estimate and should not be construed
as a recommendation to buy or sell securities.
the help of an illustration below.
Recommended Equity Asset Allocation at different market conditions for different types of investors
Assuming you are an “Aggressive” investor lets see how the Aggressive Moderate Conservative
allocation guide will work Expensive 50%-60% 30%-40% 0-10%
Fair 60%-70% 40%-50% 10%-20%
Discounted 70%-80% 50%-60% 20%-30%
Start 6 months 12 months 18 months
After 6 Months market goes After 12 Months market goes After 18 Months market
Fair Market
up but still in Fair range up to Expensive zone lands in Discounted zone
% Value in Rs Actual Allocation % Value in Rs Actual Allocation % Value in Rs Actual Allocation % Value in Rs
Equity 60% 60,000 65% 77400 75% 150444 35% 57169
Debt 40% 40,000 35% 42000 25% 50148 65% 105311
Total Wealth 100,000 119,400 200,592 162,480
Action Action Action

Bring back allocation as per Reduce allocation to Equity Increase allocation to Equity as
the suggested grid as per the suggested grid per thesuggested grid
Recommended allocation% Value in Rs Recommended allocation% Value in Rs Recommended allocation% Value in Rs
60% 71640 50% 100296 70% 113736
40% 47760 50% 100296 30% 48744

119,400 200,592 162,480
Thus, we see that the asset allocation guide helps you

• Observe discipline in your asset allocation by periodic readjustment as per the suggested grid
• Buy low and book profits at high levels by increasing /decreasing exposure at different market conditions.
The above example is to only demonstrate the working of the mentioned investment strategy. The above strategy actions are not based on any judgments of the future return of the debt and equity markets / sectors or of any
individual security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy.
Any information contained above does not constitute and shall be deemed not to constitute an advice, an offer to sell/purchase or as an invitation to do so for any securities of any entity, and further Birla Sun Life Asset
Management Co. Ltd./its subsidiaries/affiliates/sponsors/trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use
or access of any information that may be displayed herein. Recipients of the information contained herein should exercise due care and caution and read the offer documents (including if necessary, obtaining the advice of tax /
legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein.Opinions expressed are not necessarily those of Birla Sun Life AMC
Ltd. or any of their officers, employees, personnel, directors and Birla Sun Life AMC Ltd. and its officers, employees, personnel, directors do not accept responsibility for the same. Birla Sun Life AMC Ltd. or any of its officers,
employees, personnel, directors make no representation as to the accuracy, completeness or reliability of the content and hereby disclaim any liability with regard to the same.
02
M a y 2 0 0 9
Market Outlook
Equity Market
Sentiments recuperate globally…. situation. This has in turn enhanced the availability of finance for the real economy, which is
The policy aid applied by governments around the globe helped bolster general financial now evident in the corporate bonds spreads that have fallen to 3 year lows. Incremental
conditions but confidence in the longer-term health of financial firms remained vulnerable. data remained mixed, but veering toward the positive. Cement and steel dispatches,
Major economies continued to experience deep contractions in Q1, but witnessed some telecom subscribers, port traffic, auto and sales indicated that the pace of economic
glimmers of hope recently with economic data suggesting the pace of deterioration in decline is moderating. However, trends in exports, credit off-take and tax collections
global economies has slowed down. There has been considerable enthusiasm about remain subdued.
these “green shoots” in the global economy, economic indicators that have turned upward.
While any sign of tentative improvement is worth watching for and considering, moderation Companies that have reported the March quarter results until now have generally fared
in the pace of contraction may not mean an imminent recovery. better than thought. Although most sectors reported better than estimated earnings,
leaders have been Cement, Staples, Metals and Financials while Healthcare and Utilities
In order to build confidence in the financial firms, the U.S. federal banking supervisors are have lagged behind.
keen to ensure that the 19 largest U.S. banks have capital buffer sufficient to withstand
losses and sustain lending even in significantly adverse economic conditions. In keeping Concerns going further ….
with this aim, the Federal Reserve and other federal bank supervisors resorted to a The outcome of the month-long general election will continue to play on investor sentiment.
comprehensive capital assessment exercise – the Supervisory Capital Assessment Recent developments indicate a fractured verdict with the odds still favoring a Congress- or
Program (SCAP) or more popularly known as the “stress test”. The results indicate total BJP-led alliance. Irrespective of whether the Congress or BJP comes to power as
capital raising requirement of US$ 75 billion in contrast to earlier IMF estimate of US$275- dominant party in a coalition, there is little likelihood of a major policy shift which could be
US$500 billion; this has come as a relief for the markets. market unfriendly. There are signs that the pace of recession is easing, but with doubts
over recovery and little room for fiscal pump priming the monetary policy is likely to remain
On the other hand, Swine Flu or H1N1 Flu, which emerged as a new stress test, added to geared to stimulus, which should put a floor under growth.
worries over the economic damage around the world and weighed down global equities,
adversely hitting the travel industry. India's widening fiscal deficit has been a cause for concern for some investors given the
inflationary tendencies in the economy. However, a large part of deficit is countercyclical
Markets have continued on the uptrend in spite of these concerns. India emerged as the (fall in tax revenues) or non-recurring (public sector wage hikes and pre-election spending)
second best performer as compared to stock market gains in other BRIC nations – Brazil in nature and should not pose a major problem. The reason is that India's growth will
(+16%), Russia (+21%) and China (+4.4%). BSE Sensex gained 17.5% to end at 11,403, stabilize at relatively decent levels, which will allow us to correct our fiscal imbalance. The
while Nifty gained 15% to close at 3,474. Sector wise, Realty gained over 36%, Banks over risk to be kept in mind is that of geopolitical tensions emanating from Pakistan, which can
26%, while defensive segment FMCG was up mere 3%. The enthusiasm is also visible in result in higher risk premiums being ascribed to Indian markets relative to other emerging
FII flows in April, which reached US$ 1.3 billion, the highest in last 12 months. countries.
The local healing effect…

The RBI's moves on the monetary front have significantly assuaged domestic liquidity
Debt Market
Bonds rise as surplus liquidity whets demand... (Ways and Means Advances) limits 2 weeks in a row which is worrisome. WPI rose slightly
Government bond prices strengthened backed by excess liquidity in the banking system with inflation at 0.57% y-o-y for the week ended April 18, above the previous month's
ensuring smooth functioning of G-sec auctions. Besides the financial year-end 0.26%. The credit growth witnessed a sharp deceleration in the previous month despite
repositioning for Indian banks at the month start, gains were also largely due to the OMO banking system being awashed with ample liquidity.
buyback and the MSS unwind plan that underpinned sentiment in the market. The ten-year
benchmark yield curve shifted to a lower plane with the benchmark yield making a low of Outlook
6.03% down from 7.01% at the beginning of the month, before stabilising around 6.25% Bond market is in for a choppy month given bond auctions and elections. This month will
levels. see an issuance of Rs.48,000 crore of government bonds with no redemptions scheduled
for the month. Though, too much liquidity in the banking system as well as light positions on
Activity in the non-SLR market remained choppy with corporate bond yields climbing as SLR may result in good demand. Results of the general elections will also be announced in
traders liquidated positions ahead of the upcoming fresh debt issuances. Redemption of the month and the market is apprehensive of the outcome of the election results. More
two dated securities released Rs.40,000 crore into the system while increased importantly, the budget of the new government is also perceived to be an event risk. We
government spending ahead of national elections in April and May also augmented the continue to maintain our stance that the short terms rates should collapse and remain low.
liquidity. Interest payments and slower loan growth in confluence provided a further boost Long terms rates shall follow shortly thereafter. Corporate spread may squeeze further as
to cash and thus sentiment for bonds. some clarity on supply issue emerges. The 5-10 year spread currently at 20 bps may widen
to around 50 bps and the 10-30 year spread shall also reduce from current 100 to around 75
The RBI cut the LAF repo and reverse repo rates by 25 bps each to 4.75% and 3.25% bps.
respectively. However, a more significant point in the policy was the RBI's 6% guidance for Economy has been witnessing some positive signs from various quarters. These
growth in FY10. The lower forecast reinforced the view that the policy to remain benign in “greenshoots”, i.e., Port traffic figures, Real M1 (money supply), Auto sales, Cement sales
the future. RBI reiterated to ensure ample liquidity by continuing to take a more active role indicate a bottoming out of economy and a possible recovery in the months to come.
in the borrowing program, which would also then enable banks to lower lending rates. Though the world economy faces a huge output gap and the inflationary expectations
remain subdued, these factors will remain favorable for the bond markets.
High government borrowing sparks supply fears...
Weekly data released by RBI indicated government's borrowings overshooting the WMA
Our Investment Team (In alphabetical order)

A. Balasubramanian Chief Investment Officer Atul Penkar Fund Manager - Equity Maneesh Dangi Co - Head Fixed Income Satyabrata Mohanty Co - Head Fixed Income
Achala Kanitkar Research Analyst - Equity Hemang Dagli Sr. Dealer - Equity & Deri. Specialist
Paresh Khandelwal Equity Analyst Sujit Patki Dealer-Equity
Ajay Argal Co - Head Equity Hina Sampat Executive - Knowledge Management
Prasad Dhonde Fund Manager - Debt Sunaina da Cunha Fund Manager - Debt
Ajay Garg Fund Manager - Equity Lokesh Mallya Credit Analyst-Fixed Income
Ankit Sancheti Fund Manager - Equity Mahesh Patil Co - Head Equity Sanjay Chawla Fund Manager - Equity Vineet Maloo Fund Manager - Equity
03
M a y 2 0 0 9
Birla Sun Life Equity Fund
As on April 30, 2009
Investment Style Box

Investment Objective
Investment Style
An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and
Value Blend Growth Size 10% debt and money market securities.
Large
Mid Investment Performance
Small
40
30 28.49
18.97
20 14.87
Fund Details 12.16
10
% Returns
1 Year 3 Years
Fund Manager : Mr. Mahesh Patil 0
-2.84 -3.71 5 Years Since Inception
Managing Fund Since : October 01, 2006 -10
Total Experience : 16 years -20
Date of inception : August 27, 1998 -30
Nature of the scheme : An Open-ended Growth Scheme
-40 -36.84 -38.00
Key Features -50
Default option : Dividend Reinvestment Past performance may or may not be sustained in future. Returns are in % and
Fresh Purchase : Rs. 5000/- Birla Sun Life Equity Fund - Growth BSE 200 absolute returns for period less than 1 year & CAGR for period 1 year or more.
Additional Purchase : Rs. 1000/-
Redemption Cheques : Within 10 working days
issued
Systematic Investment : Available Systematic Investment Plan (SIP)
Plan (SIP)
Systematic Withdrawal : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Equity Fund...
Plan (SWP)
Systematic Transfer : Available
Plan (STP) Value (Rs.) of SIP in Returns (%)*
Investment Period Total Investment
Plans / Options & NAV (as on April 29, 2009) (Rs.) BSE 200 Birla Sun Life BSE 200 Birla Sun Life
Dividend : 46.88 Equity Fund Equity Fund
(Payout, Reinvestment & Sweep)
Since Inception 127000 281801 468034 14.35 23.15
Growth : 145.45
Last 5 years 60000 66812 72501 4.26 7.52
Benchmark : BSE 200
Average AUM : Rs. 793.05 Crores Last 3 years 36000 30468 30028 -10.58 -11.48
Load Structure (Incl for SIP) Last 1 year 12000 11693 11454 -4.77 -8.43
Entry Load* : < Rs. 5 crores - 2.25%
³ Rs. 5 crores - Nil Date of First Installment : October 01, 1998
The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of
Exit Load** : < Rs. 5 crores - 1% if redeemed returns. Past performance may or may not be sustained in future.
/ switched out within 12 months *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)
³ Rs. 5 crores - Nil
*For direct application: Entry Load is
Nil.
**Exit / Entry Load is NIL for units Portfolio & Asset Allocation
issued in Bonus & Dividend
Reinvestment. Issuer % to Net Issuer % to Net Issuer % to Net
Assets Assets Assets
Other Parameter
Standard Deviation : 33.13% Banks 13.05 Suzlon Energy Ltd. 1.32 Balaji Telefilms Ltd. 0.54
State Bank of India 3.40 Thermax Ltd. 1.25 Zee Entertainment Enterprises Ltd. 0.39
Sharpe Ratio## : -0.18 BEML LIMITED 0.67 Magnasound India Ltd. ** #
ICICI Bank Ltd. 2.93
Beta : 0.92 Axis Bank Ltd. 2.62 Bharat Bijlee Ltd. 0.62
Annual Portfolio HDFC Bank Ltd. 2.40 Retailing 1.53
Turnover ratio : 4.38 Yes Bank Ltd. 1.17 Consumer Non Durables 6.71 Pantaloon Retail (India) Ltd. 1.37
Indian Bank 0.54 ITC Ltd. 3.98 Pantaloon Retail Ltd.-Bonus - Class B Shar
United Spirits Ltd. 1.80 Ser 1** 0.17
Petroleum Products 9.31 United Breweries Holdings Ltd. 0.94
Reliance Industries Ltd. 7.76 Cement 1.29
Indian Oil Corporation Ltd. 1.55 Finance 5.96 Grasim Industries Ltd. 1.29
Rural Electrification Corporation Ltd. 1.56
HDFC Ltd. 1.40 Construction 1.17
Software 8.75
IDFC Ltd. 1.25 Unitech Ltd. 1.17
Infosys Technologies Ltd. 6.56
India Infoline Ltd. 1.12
Tata Consultancy Services Ltd. 1.77
Reliance Capital Ltd. 0.63 Non - Ferrous Metals 1.16
Megasoft Ltd. 0.41
Sterlite Industries (India) Ltd. 1.16
Oil 4.05
Telecom-Services 8.19 Oil & Natural Gas Corporation Ltd. 4.05 Diversified 0.92
Bharti Airtel Ltd. 8.19 Hindustan Unilever Ltd. 0.92
Reliance Communications Ltd. # Pharmaceuticals 3.97
Dr. Reddy's Laboratories Ltd. 2.13 Future and Options -3.91
Power 7.38 Sun Pharmaceutical Industries Ltd. 0.99 Reliance Capital Future May 2009 0.95
Reliance Infrastructure Ltd. 2.25 Ranbaxy Laboratories Ltd. 0.81 Reliance Infra Future May 2009 0.75
Tata Power Company Ltd. 1.84 Maestro Mediline Systems Ltd. 0.03 Reliance Industries Ltd. Future May 2009 -1.24
Note: CESC Ltd. 1.40 CNX Nifty Futures May 2009 -4.38
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using KEC International Ltd. 1.10 Construction Project 4.21
3 years history of monthly returns, source: MFI Explorer GVK Power & Infrastructure Ltd. 0.79 Larsen & Toubro Ltd. 2.85 Cash & Cash Equivalents 9.53
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) Punj Lloyd Ltd. 1.36
Industrial Capital Goods 7.25 Net receivables / payables 7.93
Bharat Heavy Electricals Ltd. 1.75 Media & Entertainment 1.55
Crompton Greaves Ltd. 1.64 Jagran Prakashan Ltd. 0.62 Total Net Assets 100.00
** Represents thinly traded/ non traded securities.
#
Indicates less than 0.01
«
«
«
«Value Research Rating#
Birla Sun Life Equity Fund
Equity Diversified (142 Schemes), for 3 & 5 Years periods ending 30-Apr-09
(Past performance is no guarantee of future results.) for ranking methodology please refer page 48
04
M a y 2 0 0 9
Birla Sun Life Midcap Fund

Investment Style
An open-ended growth scheme with the objective to achieve long-term growth of capital at controlled level of risk by primarily investing in
Value Blend Growth Size midcap stocks.
Large
Small 40
30 28.14
25.22
20 17.91
Fund Details 10.74
10
1 Year 3 Years
% Returns
0
Fund Manager : Mr. A. Balasubramaniam & 5 Years Since Inception
-10 -5.08
Mr. Sanjay Chawla -9.10
Managing Fund Since : September 12,2007 -20
Total Experience : 18 years / 13 Years -30
Date of inception : October 03, 2002 -40
Nature of the scheme : An Open-ended Growth Scheme -39.95
-50 -44.97
Past performance may or may not be sustained in future. Returns are in % and
Key Features Birla Sun Life Midcap Fund - Growth CNX Midcap absolute returns for period less than 1 year & CAGR for period 1 year or more.
Default option : Dividend Reinvestment
Fresh Purchase : Rs. 5000/-
issued Systematic Investment Plan (SIP)
Systematic Investment : Available
Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Midcap Fund...
Systematic Withdrawal : Available
Plan (SWP)
Systematic Transfer : Available Value (Rs.) of SIP in Returns (%)*
Plan (STP) Investment Period Total Investment
(Rs.) Birla Sun Life Birla Sun Life
CNX Midcap CNX Midcap
Plans / Options & NAV (as on April 29, 2009) Midcap Fund Midcap Fund
Dividend : 14.15 Since Inception 78000 112181 135116 11.04 16.71
Growth : 51.06 Last 5 years 60000 59601 67708 -0.26 4.79
Benchmark : CNX Midcap Last 3 years 36000 27759 29140 -16.24 -13.31
Average AUM : Rs. 358.19 Crores
Last 1 year 12000 10806 11219 -18.14 -12.00
Load Structure (Incl for SIP)
Entry Load* : < Rs. 5 crores - 2.25% Date of First Installment : November 01, 2002
³ Rs. 5 crores - Nil The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of
returns. Past performance may or may not be sustained in future.
Exit Load** : < Rs. 5 crores - 1% if redeemed *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)
/ switched out within 12 months
Nil. Portfolio & Asset Allocation
**Exit / Entry Load is NIL for units
Reinvestment. Issuer % to Net Issuer % to Net Issuer % to Net
Other Parameter Consumer Non Durables 8.26 Industrial Products 5.93 Pesticides 2.29
Standard Deviation : 34.78% Marico Ltd. 3.21 Sintex Industries Ltd. 3.62 United Phosphorus Ltd. 2.29
Sharpe Ratio## : -0.24 Balrampur Chini Mills Ltd. 1.87 Jain Irrigation Systems Ltd. 2.31
Beta : 0.87 Britannia Industries Ltd. 1.71 Transportation 2.20
Colgate-Palmolive (India) Ltd. 1.47 Finance 5.45 Great Eastern Shipping Company Ltd. 2.20
Annual Portfolio Rural Electrification Corporation Ltd. 2.76
Turnover ratio : 1.38 Banks 7.74 India Infoline Ltd. 2.69 Media & Entertainment 1.69
Bank of Baroda 3.50 Sun TV Network Limited 1.34
Union Bank of India 1.76 Petroleum Products 5.28 Zee Entertainment Enterprises Ltd. 0.36
Allahabad Bank 1.40 Hindustan Petroleum Corporation Ltd. 3.69
Indian Bank 1.08 Castrol India Ltd. 1.60 Auto 1.37
Bajaj Auto Ltd. 1.37
Construction 7.57 Ferrous Metals 4.39
Punj Lloyd Ltd. 2.46 Welspun Gujarat Stahl Rohren Ltd. 3.23 Cement 1.16
Housing Development & Infrastructure Ltd 1.96 Monnet Ispat and Energy Limited 1.16 Shree Cements Ltd. 0.68
Simplex Infrastructures Ltd. 1.87 The India Cements Ltd. 0.48
IVRCL Infrastructures & Projects Ltd. 1.27 Pharmaceuticals 4.12
Lupin Ltd. 4.12 Software 1.16
Industrial Capital Goods 8.11 Mphasis Ltd. 0.81
Crompton Greaves Ltd. 2.89 Auto Ancillaries 3.78 Infotech Enterprises Ltd. 0.34
Suzlon Energy Ltd. 1.36 Exide Industries Ltd. 2.63
Thermax Ltd. 1.20 Apollo Tyres Ltd. 1.15 Non - Ferrous Metals 1.03
AIA Engineering Ltd. 1.04 Hindustan Zinc Ltd 1.03
BEML Limited 0.91 Fertilisers 3.60
Note:
Sterlite Technologies Ltd. 0.70 Tata Chemicals Ltd. 3.60
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Cash & Cash Equivalents 5.63
3 years history of monthly returns, source: MFI Explorer Power 6.14 Chemicals 2.59
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) GVK Power & Infrastructure Ltd. 2.39 Solar Industries Ltd. 2.59 Net receivables / payables 8.04
Jyoti Structures Ltd. 2.37
Kalpataru Power Transmission Ltd. 0.80 Minerals/Mining 2.48 Total Net Assets 100.00
KEC International Ltd. 0.57 Nava Bharat Ventures Ltd. 2.48
«
«
«
«Value Research Rating
# CRISIL~CPR 1^^
Birla Sun Life Midcap Fund Birla Sun Life Midcap Fund
Equity Diversified (142 Schemes), for 3 & 5 Years periods ending 30-Apr-09 Small & Mid Equity Schemes (16 Schemes), 5 Yrs ended 31-Mar-09
05
M a y 2 0 0 9
Birla Sun Life Frontline Equity Fund

Investment Style
An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity by
Value Blend Growth Size aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200.
Large
Small
30 26.41
20.90
20 18.17
12.16
Fund Details 10 4.98
1 Year
% Returns
0
Fund Manager : Mr. Mahesh Patil 3 Years -3.71 5 Years Since Inception
Managing Fund Since : October 01,2006 -10
Date of inception : August 30, 2002
-30 -28.70
-40 -38.00
Key Features -50 Past performance may or may not be sustained in future. Returns are in % and
Default option : Dividend Reinvestment Birla Sun Life Frontline Equity Fund - Growth BSE 200 absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Plan (SIP)
Systematic Withdrawal : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Frontline Equity Fund...
Plan (SWP)
Plans / Options & NAV (as on April 29, 2009) (Rs.) Birla Sun Life Frontline Birla Sun Life
BSE 200 BSE 200
Dividend : 15.15 Equity Fund Frontline Equity Fund
Since Inception 79000 120699 153104 12.71 19.87
Growth : 47.72
Last 5 years 60000 66812 80581 4.26 11.77
Benchmark : BSE 200
Load Structure (Incl for SIP) Last 1 year 12000 11693 12056 -4.77 0.88
³ Rs. 5 crores - Nil Date of First Installment : October 01, 2002
/ switched out within 12 months *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)
Nil.
Reinvestment.
Issuer % to Net Issuer % to Net Issuer % to Net
Other Parameter Assets Assets Assets
Standard Deviation : 29.36% Banks 13.59 Reliance Communications Ltd. 0.13 Cement 1.86
Sharpe Ratio## : 0.06 ICICI Bank Ltd. 3.84 Grasim Industries Ltd. 1.86
Beta : 0.82 State Bank of India 3.05 Industrial Capital Goods 6.10
Annual Portfolio HDFC Bank Ltd. 2.80 Crompton Greaves Ltd. 1.65 Media & Entertainment 1.73
Turnover ratio : 3.97 Axis Bank Ltd. 2.61 Bharat Heavy Electricals Ltd. 1.29 Zee Entertainment Enterprises Ltd. 1.05
Bank of Baroda 1.29 BEML Limited 1.11 Television Eighteen India Ltd. 0.68
Bharat Electronics Ltd. 1.05
Petroleum Products 10.42 Suzlon Energy Ltd. 1.00 Ferrous Metals 1.63
Reliance Industries Ltd. 7.75 Tata Steel Limited 1.09
Indian Oil Corporation Ltd. 1.71 Finance 5.65 Jindal Steel & Power Ltd. 0.54
Hindustan Petroleum Corporation Ltd. 0.96 Housing Development Finance Corp. Ltd. 2.07
Rural Electrification Corporation Ltd. 1.51 Fertilisers 1.28
Software 9.17 Reliance Capital Ltd. 1.26 Tata Chemicals Ltd. 1.28
Infosys Technologies Ltd. 6.39 IDFC 0.81
Tata Consultancy Services Ltd. 1.72 Hotels 0.99
Wipro Ltd. 1.06 Oil 3.76 Indian Hotels Co. Ltd. 0.99
Oil & Natural Gas Corporation Ltd. 3.76
Consumer Non Durables 7.06 Construction 0.95
ITC Ltd. 3.80 Construction Project 4.70 Unitech Ltd. 0.95
United Spirits Ltd. 1.71 Larsen & Toubro Ltd. 3.24
Nestle India Ltd. 1.00 LANCO Infratech Ltd. 0.33 Future and Options -3.73
Balrampur Chini Mills Ltd. 0.54 Punj Lloyd Ltd. 1.14 Reliance Infra Fut May 2009 2.39
Reliance Industries Ltd. Fut May 2009 -1.39
Power 6.91 Pharmaceuticals 2.62 CNX Nifty Futures May 2009 -4.73
Note: Tata Power Company Ltd. 2.01 Cipla Ltd. 0.90
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Reliance Infrastructure Ltd. 1.92 Sun Pharmaceutical Industries Ltd. 0.88 Cash & Cash Equivalents 11.64
3 years history of monthly returns, source: MFI Explorer CESC Ltd. 1.83 Dr.Reddys Laboratories Ltd. 0.84
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) NTPC Ltd. 1.14 Net receivables / payables 4.71
Non - Ferrous Metals 2.15
Telecom-Services 6.80 Hindalco Industries Ltd. 1.10 Total Net Assets 100.00
Bharti Airtel Ltd. 6.67 Sterlite Industries (India) Ltd. 1.05
CRISIL~CPR 1^^ «
«
«
«
Birla Sun Life Frontline Equity Fund Birla Sun Life Frontline Equity Fund
Diversified Equity Scheme (69 Schemes), 2 Yrs ended 31-Mar-09 Equity: Diversified (142 Schemes), for 3 & 5 Years periods ending 30-Apr-09
5-Star Award by ICRA

@
5-Star Award by ICRA@
Birla Sun Life Frontline Equity Fund Birla Sun Life Frontline Equity Fund
Open Ended Diversified Equity - Defensive (62 Schemes), 1 year ended 31-Dec-08
Open Ended Diversified Equity - Defensive (55 Schemes), 3 year ended 31-Dec-08
06
Birla Sun Life Tax Relief ‘96
M a y 2 0 0 9 An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years

Investment Style
An open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target
Value Blend Growth Size allocation of 80% equity, 20% debt and money market securities
Large
Investment Performance
Mid
Small 40
29.35
30
20
9.94 12.16 10.91
Fund Details 10
1 Year 3 Years
% Returns
0
-3.71 5 Years Since Inception
Fund Manager : Mr. Ajay Garg -10 -6.13
Managing Fund Since : October 01,2006 -20
Total Experience : 15 years
-30
Date of inception : March 29, 1996
Nature of the scheme : An Open-ended ELSS Scheme -40 -38.00
-41.00
-50
Key Features Past performance may or may not be sustained in future. Returns are in % and
Default option : Dividend Payout Birla Sun Life Tax Relief ‘96 - Dividend BSE 200 absolute returns for period less than 1 year & CAGR for period 1 year or more.
Fresh Purchase : Rs. 500/- Returns assume reinvestment of the tax free dividend declared.
Plan (SIP)
Systematic Withdrawal : Not Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Tax Relief ‘96...
Plan (SWP)
Systematic Transfer : Not Available Value (Rs.) of SIP in Returns (%)*
(Rs.) Birla Sun Life Tax Birla Sun Life Tax
BSE 200 BSE 200
Relief ‘96 Relief ‘96
Plans / Options & NAV (as on April 29, 2009)
Dividend : 51.58 Since Inception 157000 395811 1058323 13.22 26.42
Growth (w.e.f. 06/03/08) : 6.06 Last 5 years 60000 66812 62489 4.26 1.61
Benchmark : BSE 200 Last 3 years 36000 30468 28396 -10.58 -14.87
Last 1 year 12000 11693 11440 -4.77 -8.64
Entry Load* : < Rs. 5 crores - 2.25% Date of First Installment : April 01, 1996
³ Rs. 5 crores - Nil The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of
Exit Load : Nil *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)
Nil.
Other Parameter Portfolio & Asset Allocation

Standard Deviation : 36.75%
Sharpe Ratio## : -0.26 Issuer % to Net Issuer % to Net Issuer % to Net
Beta : 1.00 Assets Assets Assets
Annual Portfolio Banks 14.90 Reliance Communications Ltd. 2.49 Consumer Non Durables 2.78
Turnover ratio : 0.62 State Bank of India 4.07 Shaw Wallace & Company Ltd. 1.03
ICICI Bank Ltd. 2.98 Ferrous Metals 6.60 United Breweries Holdings Ltd. 1.02
HDFC Bank Ltd. 2.87 Jindal Steel & Power Ltd. 4.01 Radico Khaitan Ltd. 0.73
Axis Bank Ltd. 2.41 Tata Steel Limited 2.59
ING Vysya Bank Ltd. 1.73 Pesticides 2.33
Kotak Mahindra Bank Ltd. 0.84 Construction Project 5.48 United Phosphorus Ltd. 1.98
Larsen & Toubro Ltd. 5.48 Rallis India Ltd. 0.35
Petroleum Products 11.53
Reliance Industries Ltd. 8.62 Power 5.24 Industrial Products 2.05
Reliance Petroleum Ltd. 2.91 Reliance Infrastructure Ltd. 4.03 Cummins India Ltd. 2.05
GVK Power & Infrastructure Ltd. 1.21
Industrial Capital Goods 8.09 Media & Entertainment 1.21
Bharat Heavy Electricals Ltd. 3.83 Auto 3.42 Television Eighteen India Ltd. 1.21
Honeywell Automation India Ltd. 2.04 Maruti Suzuki India Ltd. 2.01 Magnasound India Ltd. ** #
Crompton Greaves Ltd. 1.29 Mahindra & Mahindra Ltd. 1.41
Bharat Bijlee Ltd. 0.61
Transportation 0.93
Siemens Ltd. 0.32
Non - Ferrous Metals 3.34 Jet Airways (India) Ltd. 0.93
Software 7.48
Infosys Technologies Ltd. 5.68 Hindalco Industries Ltd. 1.56 Trading 0.33
Tata Consultancy Services Ltd. 1.81 Uniphos Enterprises Ltd. 0.33
Auto Ancillaries 3.27
Finance 7.46 Bosch Ltd. 2.51 Cash & Cash Equivalents 3.65
HDFC Ltd. 3.26 MRF Ltd. 0.76
Note:
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using ICRA Ltd. 2.92 Net receivables / payables 0.22
3 years history of monthly returns, source: MFI Explorer India Infoline Ltd. 1.27 Hotels 2.86
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) Indian Hotels Co. Ltd. 1.22 Total Net Assets 100.00
Telecom-Services 6.83 Asian Hotels Ltd. 0.91
Bharti Airtel Ltd. 4.34 Taj GVK Hotels & Resorts Ltd. 0.73

#
07
M a y 2 0 0 9
Birla Sun Life Infrastructure Fund

Investment Style
An open-ended growth scheme with the objective to providing for medium to long-term capital appreciation by investing predominantly in a
Value Blend Growth Size diversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure
in India.
Large
Small 10
1 Year 3 Years 0.68

0
-0.79 -1.83 Since Inception
Fund Details -4.93
-10
% Returns
Fund Manager : Mr. Mahesh Patil
-20
Managing Fund Since : Since inception
-30
Date of inception : March 17, 2006
-40 -38.06
Key Features
Default option : Dividend Reinvestment -50
absolute returns for period less than 1 year & CAGR for period 1 year or more.
Fresh Purchase : Rs. 5000/- Birla Sun Life Infrastructure Fund - Growth S&P CNX Nifty
issued
Plan (SIP)
Systematic Withdrawal : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Infrastructure Fund...
Plan (SWP)
Plans / Options & NAV (as on April 29, 2009) (Rs.) Birla Sun Life Birla Sun Life
S&P CNX NIFTY S&P CNX NIFTY
Dividend : 8.77 Infrastructure Fund Infrastructure Fund
Growth : 9.44 Since Inception 37000 33214 30332 -6.74 -12.23
Last 3 year 36000 32213 29451 -7.11 -12.66
Benchmark : S&P CNX NIFTY
Average AUM : Rs. 312.79 Crores Last 1 year 12000 11972 11593 -0.44 -6.31
Load Structure (Incl for SIP) Date of First Installment : April 01, 2006
Entry Load* : < Rs. 5 crores - 2.25% The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of
³ Rs. 5 crores - Nil returns. Past performance may or may not be sustained in future.
*CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)
Exit Load** : < Rs. 5 crores - 1% if redeemed
issued in Bonus & Dividend Issuer % to Net Issuer % to Net Issuer % to Net
Reinvestment. Assets Assets Assets
Power 15.88 Finance 7.23 Gas 2.10
Other Parameter
Reliance Infrastructure Ltd. 2.50 Housing Development Finance Corp. Ltd. 2.98 Gujarat Gas Company Ltd. 2.10
Tata Power Company Ltd. 2.34 Power Finance Corporation Ltd 1.81
Sharpe Ratio## : -0.23 CESC Ltd. 2.34 Rural Electrification Corporation Ltd. 1.24 Non - Ferrous Metals 1.83
Beta : 1.02 GVK Power & Infrastructure Ltd. 2.15 Reliance Capital Ltd. 1.16 Sterlite Industries (India) Ltd. 1.33
Annual Portfolio KEC International Ltd. 1.86 IDFC 0.03
Turnover ratio : 2.97 Hindalco Industries Ltd. 0.50
Jyoti Structures Ltd. 1.56
NTPC Ltd. 1.52 Telecom-Services 7.21
PTC India Ltd 1.29 Cement 1.49
Bharti Airtel Ltd. 4.81
Kalpataru Power Transmission Ltd. 0.33 Grasim Industries Ltd. 1.37
Reliance Communications Ltd. 2.39
Jaiprakash Associates Ltd. 0.12
Banks 13.43 Construction Project 4.85
ICICI Bank Ltd. 4.49 Larsen & Toubro Ltd. 3.74 Hotels 0.78
Axis Bank Ltd. 3.24 LANCO Infratech Ltd. 0.62 Taj GVK Hotels & Resorts Ltd. 0.54
State Bank of India 2.32 Voltas Ltd. 0.49 Indian Hotels Co. Ltd. 0.24
HDFC Bank Ltd. 2.31
South Indian Bank Ltd. 1.06 Ferrous Metals 0.53
Construction 3.81
Nagarjuna Construction Company Ltd. 1.33 Maharashtra Seamless Ltd. 0.53
Industrial Capital Goods 10.14
Unitech Ltd. 1.09
Bharat Heavy Electricals Ltd. 1.93
ITD Cementation India Ltd. 0.60 Transportation 0.41
Thermax Ltd. 1.52
Madhucon Projects Ltd. 0.46 Arshiya International Ltd 0.41
Crompton Greaves Ltd. 1.51
HSIL Limited 0.21
BEML Limited 1.22 Patel Engineering Ltd. 0.12 Future and Options -6.29
Suzlon Energy Ltd. 0.98 CNX Nifty Futures MAY 2009 -6.29
Note: Oil 3.42
ABB Ltd. 0.66
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Oil & Natural Gas Corporation Ltd. 3.42
3 years history of monthly returns, source: MFI Explorer Bharati Shipyard Ltd. 0.50 Cash & Cash Equivalents 8.24
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) Alstom Projects India Ltd. 0.33
Sterlite Technologies Ltd. 0.02 Industrial Products 2.26
Sintex Industries Ltd. 0.68 Net receivables / payables 12.91
Petroleum Products 9.78 Finolex Cables Ltd. 0.64
Reliance Industries Ltd. 8.20 Kirloskar Oil Engines Ltd. 0.63 Total Net Assets 100.00
Indian Oil Corporation Ltd. 1.58 Torrent Cables Ltd. 0.31
08
M a y 2 0 0 9
Birla Sun Life Basic Industries Fund

Investment Style
A multi-sector open-ended growth scheme with the objective of long term growth capital, through a portfolio with a target allocation of 100%
Value Blend Growth Size equity, focusing on investing in companies sensitive to economic cycles and commodity pricing cycles. The investments will be in companies
which are often referred to as cyclical companies.
Large
Small 30
20.02
20
11.88 12.16
10 8.28
Fund Details 1 Year 3 Years
0
% Returns
5 Years Since Inception
-3.71
Fund Manager : Mr. Ankit Sancheti -10 -6.45
Managing Fund Since : November 30,2007 -20
Date of inception : January 15, 2000 -30
Nature of the scheme : An Open-ended Growth Scheme -40
-39.29 -38.00
Key Features -50

Fresh Purchase : Rs. 5000/- Birla Sun Life Basic Industries Fund - Growth BSE 200 absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Plan (SIP)
Systematic Withdrawal : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Basic Industries Fund...
Plan (SWP)
(Rs.) Birla Sun Life Basic Birla Sun Life Basic
Plans / Options & NAV (as on April 29, 2009) BSE 200 BSE 200
Dividend : 21.13 Industries Fund Industries Fund
Since Inception 110000 223876 321824 14.95 22.41
Growth : 54.52
Last 5 years 60000 66812 64413 4.26 2.81
Benchmark : BSE 200
³ Rs. 5 crores - Nil Date of First Installment : March 01, 2000
Nil.
Reinvestment.
Other Parameter
Standard Deviation : 34.57% Petroleum Products 15.37 Axis Bank Ltd. 0.57 Hindalco Industries Ltd. 0.36
Sharpe Ratio## : -0.28 Reliance Industries Ltd. 9.37
Beta : 0.96 Bharat Petroleum Corporation Ltd. 2.37 Construction 5.60 Paper 1.35
Annual Portfolio Indian Oil Corporation Ltd. 2.28 IVRCL Infrastructures & Projects Ltd. 3.91 Ballarpur Industries Ltd. 1.35
Hindustan Petroleum Corporation Ltd. 1.35 Unitech Ltd. 1.08
Turnover ratio : 2.51
Nagarjuna Construction Company Ltd. 0.61 Fertilisers 1.29
Industrial Capital Goods 13.58 Tata Chemicals Ltd. 1.28
Bharat Heavy Electricals Ltd. 3.91 Consumer Non Durables 5.60 Coromandel Fertilisers Ltd. 0.01
Apar Industries Ltd. 2.14 Balrampur Chini Mills Ltd. 3.24
Bharat Electronics Ltd. 2.11 Mcleod Russel India Ltd. 2.36 Auto Ancillaries 1.28
BEML LIMITED 2.09 Exide Industries Ltd. 1.28
Crompton Greaves Ltd. 1.76 Finance 4.71
Housing Development Finance Corp. Ltd. 2.40 Ferrous Metals 1.15
Suzlon Energy Ltd. 0.75
Reliance Capital Ltd. 2.31 Jindal Steel & Power Ltd. 1.15
Elecon Engineering Ltd. 0.46
AIA Engineering Ltd. 0.36
Oil 3.21
Gas 0.27
Oil & Natural Gas Corporation Ltd. 3.21
Power 13.51 Gujarat State Petronet Ltd 0.24
NTPC Ltd. 3.92 Gujarat Gas Company Ltd. 0.03
Cement 2.08
Jyoti Structures Ltd. 2.73 Ultratech Cement Ltd. 2.08
Neyveli Lignite Corporation Ltd. 2.17 Future and Options 9.68
Tata Power Company Ltd. 1.86 Industrial Products 1.95 CNX Nifty Futures MAY 2009 9.68
Reliance Infrastructure Ltd. 1.73 Sintex Industries Ltd. 1.49
PTC India Ltd 0.87 TRF Ltd. 0.46 Cash & Cash Equivalents 15.98
Note: KEC International Ltd. 0.23
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Construction Project 1.94 Net receivables / payables -9.07
3 years history of monthly returns, source: MFI Explorer Banks 8.63 Larsen & Toubro Ltd. 1.94
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) Bank of Baroda 3.00 Total Net Assets 100.00
Union Bank of India 2.69 Non - Ferrous Metals 1.88
ICICI Bank Ltd. 2.36 Hindustan Zinc Ltd 1.53
09
M a y 2 0 0 9
Birla Sun Life India GenNext Fund

Investment Style
An open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies
Value Blend Growth Size that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the
young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek
Large
growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in
Mid manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand
identity, thereby enabling choice.
Small
Fund Details 20
10.82
Fund Manager : Mr. A.Balasubramaniam & 10 7.61
Mr. Sanjay Chawla
1 Year 3 Years
Managing Fund Since : September 12,2007 0
-0.79 Since Inception
% Returns
Total Experience : 18 years / 13 years -1.92
Date of inception : August 05, 2005 -10
-20
Key Features
Default option : Dividend Reinvestment -30 -28.87
Fresh Purchase : Rs. 5000/- -32.83
-40
Redemption Cheques : Within 10 working days Past performance may or may not be sustained in future. Returns are in % and
Birla Sun Life India GenNext Fund - Growth S&P CNX Nifty absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Plan (SIP)
Plan (SWP) Systematic Investment Plan (SIP)
Plan (STP) SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life India GenNext Fund...
Plans / Options & NAV (as on April 29, 2009) Value (Rs.) of SIP in Returns (%)*
Dividend : 10.89 Investment Period Total Investment
(Rs.) S&P CNX NIFTY Birla Sun Life India S&P CNX NIFTY Birla Sun Life India
Growth : 13.15 GenNext Fund GenNext Fund
Since Inception 44000 42208 40006 -2.22 -5.05
³ Rs. 5 crores - Nil Date of First Installment : September 01, 2005
³ Rs. 5 crores - Nil *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)
Nil.
issued in Bonus & Dividend Portfolio & Asset Allocation
Reinvestment.
Sharpe Ratio## : -0.19 Consumer Non Durables 44.34 Reliance Communications Ltd. 2.77 Construction 2.87
Beta : 0.78 Glaxosmithkline Consumer Healthcare Ltd. 9.46 Idea Cellular Ltd. 1.87 Mahindra Lifespace Developers Ltd. 2.87
Annual Portfolio ITC Ltd. 8.52
Turnover Ratio : 1.43 Nestle India Ltd. 7.77 Pharmaceuticals 6.08 Petroleum Products 2.20
Colgate-Palmolive (India) Ltd. 7.12 Sun Pharmaceutical Industries Ltd. 3.28 Castrol India Ltd. 2.20
Britannia Industries Ltd. 3.98
Glaxosmithkline Pharmaceuticals Ltd. 2.79
Titan Industries Ltd. 2.60
Banks 2.13
Shaw Wallace & Company Ltd. 2.43
Software 4.99 HDFC Bank Ltd. 2.13
Godrej Consumer Products Ltd. 1.26
Mcleod Russel India Ltd. 1.19 Everonn Systems India Ltd. 2.95
Core Projects & Technologies Ltd. 2.04 Retailing 0.13
Media & Entertainment 11.02 Pantaloon Retail (India) Ltd. -Class B 0.13
Zee Entertainment Enterprises Ltd. 3.64 Auto 4.29
Zee News Ltd. 2.68 Hero Honda Motors Ltd. 3.05 Cash & Cash Equivalents 4.13
Jagran Prakashan Ltd. 2.42 Bajaj Auto Ltd. 1.24
Television Eighteen India Ltd. 1.25 Net receivables / payables 6.78
PVR Ltd. 1.02 Finance 3.53
Note: India Infoline Ltd. 1.97 Total Net Assets 100.00
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Telecom-Services 7.53
3 years history of monthly returns, source: MFI Explorer HDFC Ltd. 1.56
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009)
10
M a y 2 0 0 9
Birla Sun Life Advantage Fund

Investment Style
An open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through a
Value Blend Growth Size diversified research based investment approach.
Large
Small 30
20 18.31
15.06
11.71
10 8.86
0
% Returns
Fund Manager : Mr. A.Balasubramaniam -10 -7.52
Date of inception : February 24, 1995 -30
-40 -36.92
-50
Key Features
Fresh Purchase : Rs. 5000/- Birla Sun Life Advantage Fund - Growth BSE Sensex absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Plan (SIP)
Systematic Withdrawal : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Advantage Fund...
Plan (SWP)
Plans / Options & NAV (as on April 29, 2009) BSE SENSEX BSE SENSEX
Dividend : 61.41 Advantage Fund Advantage Fund
Growth : 90.03
Since Inception 170000 416847 724063 11.81 18.62
Last 5 years 60000 71710 62092 7.08 1.35
Benchmark : BSE SENSEX
Nil.
Reinvestment.
Standard Deviation : 33.01% Banks 12.91 Thermax Ltd. 1.06 Diversified 1.48
Sharpe Ratio## : -0.33 ICICI Bank Ltd. 3.30 Emco Ltd. 0.94 Aditya Birla Nuvo Ltd. 1.48
Beta : 0.98 State Bank of India 2.95 Areva T&D India Ltd. 0.81
Annual Portfolio HDFC Bank Ltd. 2.93 Construction 1.27
Turnover ratio : 2.25 Indian Overseas Bank 1.90 Consumer Non Durables 6.04 Unitech Ltd. 1.14
Bank of India 0.94 ITC Ltd. 2.72 Dharti Dredging and Infrastructure Ltd ** 0.13
Indian Bank 0.89 United Spirits Ltd. 1.66
Balrampur Chini Mills Ltd. 1.60 Fertilisers 1.13
Telecom-Services 11.40 Tata Tea Ltd. 0.05 Tata Chemicals Ltd. 1.13
Reliance Communications Ltd. 3.90 Cement 5.37 Media & Entertainment 0.79
Idea Cellular Ltd. 3.48 The India Cements Ltd. 2.12 Television Eighteen India Ltd. 0.79
ACC Ltd. 1.89
Petroleum Products 11.25 Century Textiles and Industries Ltd 1.35 Finance 0.71
Reliance Industries Ltd. 7.98
IDFC Ltd. 0.71
Indian Oil Corporation Ltd. 3.28 Construction Project 5.12
Larsen & Toubro Ltd. 3.41 Transportation 0.19
Ferrous Metals 8.36
Punj Lloyd Ltd. 1.71 Great Eastern Shipping Company Ltd. 0.19
Jindal Steel & Power Ltd. 3.61
Welspun Gujarat Stahl Rohren Ltd. 2.60
Pharmaceuticals 3.09 Future and Options -1.66
Tata Steel Limited 2.15
Pfizer Ltd. 1.69 STER FUT MAY 2009 -1.66
Cipla Ltd. 1.40
Software 7.80
Note: Infosys Technologies Ltd. 4.88 Cash & Cash Equivalents 10.18
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Core Projects & Technologies Ltd. 1.40 Power 3.02
3 years history of monthly returns, source: MFI Explorer Tata Consultancy Services Ltd. 1.13 Reliance Infrastructure Ltd. 1.67 Net receivables / payables 2.76
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) Mphasis Ltd. 0.38 KEC International Ltd. 1.35
Total Net Assets 100.00
Industrial Capital Goods 6.99 Non - Ferrous Metals 1.80
Bharat Heavy Electricals Ltd. 4.18 Sterlite Industries (India) Ltd. 1.80
** Represents thinly traded/ non traded securities. Total Percentage of thinly/non traded securities is 0.13%.
11
M a y 2 0 0 9
Birla Sun Life Tax Plan*
An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years

Investment Style
An open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief
Value Blend Growth Size for investment.
Large
Small 30
21.94
20 15.44 15.06 12.63
10
% Returns
0
Fund Manager : Mr. Sanjay Chawla -10 -6.44
Managing Fund Since : September 12,2007
Nature of the scheme : An Open-ended ELSS Scheme -34.11
-40 -34.75
Key Features -50 Past performance may or may not be sustained in future. Returns are in % and
Default option : Dividend Payout Birla Sun Life Tax Plan - Dividend BSE Sensex absolute returns for period less than 1 year & CAGR for period 1 year or more.
Fresh Purchase : Rs. 500/- Returns assume reinvestment of the tax free dividend declared.
issued
Plan (SIP)
Systematic Withdrawal : Not Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Tax Plan...
Plan (SWP)
Systematic Transfer : Not Available
Plans / Options & NAV (as on April 29, 2009) (Rs.) Birla Sun Life Tax Birla Sun Life
BSE SENSEX BSE SENSEX
Dividend : 34.03 Plan Tax Plan
Since Inception 122000 256257 363088 13.97 20.32
Growth : 8.29
Last 5 years 60000 71710 65425 7.08 3.43
Benchmark : BSE SENSEX
Exit Load** : Nil returns. Past performance may or may not be sustained in future.
Nil.
Reinvestment.
Portfolio & Asset Allocation
Other Parameter
Sharpe Ratio## : -0.31
Beta : 0.92 Petroleum Products 13.49 Ultratech Cement Ltd. 1.56 Magnasound India Ltd. ** #
Annual Portfolio Reliance Industries Ltd. 6.61 Ambuja Cements Ltd. 0.74
Turnover ratio : 1.92 Indian Oil Corporation Ltd. 4.07 Auto 1.19
Reliance Petroleum Ltd. 2.81 Consumer Non Durables 4.20 Hero Honda Motors Ltd. 1.19
ITC Ltd. 3.47
Power 9.14 Marico Ltd. 0.74
Gas 1.16
NTPC Ltd. 3.92
Software 4.15 Indraprastha Gas Ltd. 1.16
Tata Power Company Ltd. 3.27
Neyveli Lignite Corporation Ltd. 1.95 Infosys Technologies Ltd. 4.15
Construction 0.98
Fertilisers 3.14 Simplex Infrastructures Ltd. 0.98
Tata Chemicals Ltd. 3.14
Suzlon Energy Ltd. 2.92 Construction Project 0.81
Auto Ancillaries 2.69
Bharat Heavy Electricals Ltd. 1.51 Goodyear India Ltd. 2.69 Larsen & Toubro Ltd. 0.81
Bharat Bijlee Ltd. 0.71
Ferrous Metals 2.23 Industrial Products 0.79
Pharmaceuticals 6.38 Tata Steel Limited 1.31 TRF Ltd. 0.79
Glaxosmithkline Pharmaceuticals Ltd. 5.38 Welspun Gujarat Stahl Rohren Ltd. 0.92
Dishman Pharmaceuticals & Chemicals Ltd. 1.00 Retailing 0.14
Chemicals 2.22 Pantaloon Retail (India) Ltd. -Class B 0.14
Banks 5.95 Solar Industries Ltd. 2.22
HDFC Bank Ltd. 3.03
State Bank of India 2.93 Transportation 2.12 Cash & Cash Equivalents 6.74
Note: Mundra Port and Special Economic Zone Ltd 2.12
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Telecom-Services 5.70 Net receivables / payables 0.11
3 years history of monthly returns, source: MFI Explorer Reliance Communications Ltd. 2.96 Finance 1.59
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) Bharti Airtel Ltd. 2.75 HDFC Ltd. 1.59 Total Net Assets 100.00
Cement 4.85 Media & Entertainment 1.55

Jaiprakash Associates Ltd. 2.54 Zee Entertainment Enterprises Ltd. 1.55

#
*Name of scheme changed w.e.f June 23, 2008 erstwhile Birla Equity Plan
12
M a y 2 0 0 9
Birla Sun Life Index Fund

Investment Style
An open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to
Value Blend Growth Size tracking errors.
Large
Small
30
20.75 21.51
20 14.10
13.43
Fund Details 10
1 Year 3 Years
0
% Returns
-0.97 -0.79 5 Years Since Inception
Fund Manager : Mr. Ajay Garg -10
Managing Fund Since : October 01,2007
-20
Date of inception : September 18, 2002 -30
Nature of the scheme : An Open-ended Index Linked -33.30 -32.83
-40
Growth Scheme -50
Birla Sun Life Index Fund - Growth S&P CNX Nifty absolute returns for period less than 1 year & CAGR for period 1 year or more.
Redemption Cheques : Within 10 Working days
Plan (SIP) SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Index Fund...
Systematic Withdrawal : Not Available
Plan (SWP)
Systematic Transfer : Not Available Value (Rs.) of SIP in Returns (%)*
S&P CNX NIFTY S&P CNX NIFTY
Plans / Options & NAV (as on April 29, 2009) Index Fund Index Fund
Dividend : 13.47
Since Inception 79000 125566 122661 13.90 13.20
Growth : 34.82
Last 5 years 60000 71863 70533 7.17 6.42
Benchmark : S&P CNX NIFTY Last 3 years 36000 32213 31894 -7.11 -7.74
Last 1 year 12000 11972 11991 -0.44 -0.14
Entry Load : Nil Date of First Installment : October 1, 2002
/ switched out within 15 days
Reinvestment.
Portfolio & Asset Allocation
Other Parameter
Standard Deviation : 32.70% Issuer % to Net Issuer % to Net Issuer % to Net
Sharpe Ratio## : -0.13 Assets Assets Assets
Beta : 0.99 Petroleum Products 12.56 Wipro Ltd. 1.74 Cipla Ltd. 0.67
Annual Portfolio Reliance Industries Ltd. 10.24 HCL Technologies Ltd. 0.31 Ranbaxy Laboratories Ltd. 0.23
Turnover ratio : 3.39 Reliance Petroleum Ltd. 1.81
Bharat Petroleum Corporation Ltd. 0.51 Industrial Capital Goods 4.01 Construction Projects 1.85
Bharat Heavy Electricals Ltd. 2.92 Larsen & Toubro Ltd. 1.85
Power 9.41 Siemens Ltd. 0.37
NTPC Ltd. 5.64 ABB Ltd. 0.37 Diversified 1.84
Power Grid Corporation of India Ltd 1.40 Suzlon Energy Ltd. 0.34
Hindustan Unilever Ltd. 1.84
Reliance Power Ltd 1.06
Tata Power Company Ltd. 0.72 Consumer Non Durables 2.57
ITC Ltd. 2.57 Construction 1.67
Reliance Infrastructure Ltd. 0.58 DLF Ltd. 1.41
Auto 2.55 Unitech Ltd. 0.26
Telecom-Services 7.96
Bharti Airtel Ltd. 5.15 Hero Honda Motors Ltd. 0.85
Maruti Suzuki India Limited 0.85 Cement 1.47
Mahindra & Mahindra Ltd. 0.45 Grasim Industries Ltd. 0.59
Idea Cellular Ltd. 0.65
Tata Motors Ltd. 0.40 Ambuja Cements Ltd. 0.44
Tata Communications Ltd. 0.56
ACC Ltd. 0.44
Finance 2.27
Oil 7.93 Housing Development Finance Corp. Ltd 1.77
Oil & Natural Gas Corporation Ltd. 6.66 Gas 1.17
Reliance Capital Ltd. 0.50 GAIL (India) Ltd. 1.17
Cairn India Ltd. 1.27
Ferrous Metals 2.25 Future and Options 21.88
Banks 7.80 Steel Authority of India Ltd. 1.62
State Bank of India 2.93 CNX Nifty Future May 09 21.88
Tata Steel Ltd. 0.63
ICICI Bank Ltd. 1.92
Note: HDFC Bank Ltd. 1.69 Cash & Cash Equivalents 20.31
Non-Ferrous Metals 1.87
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Axis Bank Ltd. 0.73 Sterlite Industries India Ltd. 1.05
3 years history of monthly returns, source: MFI Explorer Punjab National Bank 0.54 Net receivables / payables -20.58
National Aluminium Company Ltd. 0.49
Hindalco Industries Ltd. 0.33
Software 7.37 Total Net Assets 100.00
Infosys Technologies Ltd. 3.11 Pharmaceuticals 1.86
Tata Consultancy Services Ltd. 2.20 Sun Pharmaceutical Industries Ltd. 0.95
13
M a y 2 0 0 9
Birla Sun Life New Millennium Fund

Investment Style
A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100%
Value Blend Growth Size equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software,
telecom, media, internet and e-commerce and other technology enabled companies.
Large
Small
20
11.13 12.16
10
1 Year 3 Years 1.15
Fund Details 0
-10 -3.70
-7.63
% Returns
-10.92
Fund Manager : Mr. Atul Penkar -20
Date of inception : January 15, 2000 -40 -37.79
-43.18
-60
Key Features
Birla Sun Life New Millennium Fund - Growth BSE Teck absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Plan (SIP)
Systematic Withdrawal : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life New Millennium Fund...
Plan (SWP)
Plans / Options & NAV (as on April 29, 2009) (Rs.) Birla Sun Life New Birla Sun Life New
BSE Teck BSE Teck
Dividend : 8.81 Millennium Fund Millennium Fund
Growth : 11.12
Since Inception 110000 160752 167429 8.07 8.92
Last 5 years 60000 56758 53646 -2.19 -4.40
Benchmark : BSE Teck
Nil.
Reinvestment.
Standard Deviation : 31.49% Software 48.18 Reliance Communications Ltd. 6.81 Hardware 3.54
Sharpe Ratio## : -0.45 Infosys Technologies Ltd. 20.37 Idea Cellular Ltd. 5.06 Allied Digital Services Ltd. 3.54
Beta : 0.96 Tata Consultancy Services Ltd. 8.37
Annual Portfolio
Wipro Ltd. 3.60
Turnover ratio : 0.88 Media & Entertainment 9.84 Telecom-Equipment & Accessories 0.22
Mphasis Ltd. 3.18
Jagran Prakashan Ltd. 3.52 HCL Infosystems Ltd. 0.22
Infotech Enterprises Ltd. 2.78
3i Infotech Ltd. 2.50 PVR Ltd. 1.62
Tech Mahindra Ltd. 1.94 Television Eighteen India Ltd. 1.45

Cash & Cash Equivalents 6.18
MindTree Ltd. 1.66 Zee Entertainment Enterprises Ltd. 1.23
Megasoft Ltd. 1.54 ETC Networks Ltd. 1.07
Net receivables / payables 0.59
Core Projects & Technologies Ltd. 1.51 Balaji Telefilms Ltd. 0.49
Subex Ltd. 0.72
Zee News Ltd. 0.25
HT Media Ltd. 0.21
Telecom-Services 31.45
Magnasound India Ltd. ** #
** Represents thinly traded/ non traded securities and illiquid securities.
#
Note:
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using
3 years history of monthly returns, source: MFI Explorer
14
M a y 2 0 0 9
Birla Sun Life Top 100 Fund

Investment Style
An open-ended growth scheme with the objective to provide medium to longterm capital appreciation, by investing predominantly in a
Value Blend Growth Size diversified portfolio of equity and equity related securities of top 100 companies as measured by market capitalization.
Large
Small 20
11.55
10 7.95
Fund Details 0
1 Year 3 Years
-0.79 Since Inception
% Returns
-3.30
Fund Manager : Mr. Ajay Argal -10
Managing Fund Since : October 01,2007
Date of inception : October 24, 2005
-29.70
-32.83
Key Features -40
Birla Sun Life Top 100 Fund - Growth S&P CNX Nifty absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Plan (SIP)
Systematic Withdrawal : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Top 100 Fund...
Plan (SWP)
Total Investment
Investment Period Birla Sun Life Top Birla Sun Life Top
Plans / Options & NAV (as on April 29, 2009) (Rs.) S&P CNX NIFTY S&P CNX NIFTY
Dividend : 10.73 100 Fund 100 Fund
Growth : 13.09
Since Inception 42000 39443 37850 -3.49 -5.76
Last 3 years 36000 32213 31219 -7.11 -9.07
Average AUM : Rs. 264.48 Crores Last 1 year 12000 11972 11817 -0.44 -2.85
Load Structure (Incl for SIP) Date of First Installment : November 01, 2005
Entry Load* : < Rs. 5 crores - 2.25% The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of
Exit Load** : < Rs. 5 crores - 1% if redeemed
issued in Bonus & Dividend Issuer % to Net Issuer % to Net Issuer % to Net
Reinvestment. Assets Assets Assets
Petroleum Products 11.53 Consumer Non Durables 6.15 Tata Chemicals Ltd. 1.25
Other Parameter Reliance Industries Ltd. 9.57 ITC Ltd. 3.90
Standard Deviation : 27.76% Indian Oil Corporation Ltd. 1.01 Nestle India Ltd. 2.26 Finance 2.67
Sharpe Ratio## : -0.24 Bharat Petroleum Corporation Ltd. 0.95 HDFC Ltd. 2.20
Beta : 0.82 Cement 5.10 Rural Electrification Corporation Ltd. 0.47
Annual Portfolio Telecom-Services 10.31 ACC Ltd. 2.29
Turnover ratio : 1.42 Bharti Airtel Ltd. 7.98 Ultratech Cement Ltd. 1.80 Auto Ancillaries 2.19
Reliance Communications Ltd. 2.33 Jaiprakash Associates Ltd. 1.01 Bosch Ltd. 2.19
Banks 10.28 Pharmaceuticals 4.99 Transportation 2.10

ICICI Bank Ltd. 3.38 Sun Pharmaceutical Industries Ltd. 2.55 The Great Eastern Shipping Company Ltd. 2.10
HDFC Bank Ltd. 2.67 Dr.Reddy's Laboratories Ltd. 2.44
Axis Bank Ltd. 2.13 Diversified 1.96
State Bank of India 2.09 Oil 4.63 Hindustan Unilever Ltd. 1.96
Canara Bank # Oil & Natural Gas Corporation Ltd. 4.63
Bank of India # Industrial Products 0.39
Power 3.68 Sintex Industries Ltd. 0.39
Software 9.66 NTPC Ltd. 1.95
Infosys Technologies Ltd. 6.94 Reliance Infrastructure Ltd. 1.73 Non - Ferrous Metals 0.33
Tata Consultancy Services Ltd. 2.72 Hindustan Zinc Ltd 0.33
Construction Project 2.77
Industrial Capital Goods 8.02 Larsen & Toubro Ltd. 0.88 Cash & Cash Equivalents 5.66
Bharat Heavy Electricals Ltd. 3.79 Punj Lloyd Ltd. 1.90
Bharat Electronics Ltd. 2.14 Net receivables / payables 4.88
BEML LIMITED 1.09 Fertilisers 2.69
Note: Suzlon Energy Ltd. 1.01 Chambal Fertilisers & Chemicals Ltd. 1.44 Total Net Assets 100.00
3 years history of monthly returns, source: MFI Explorer #
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) Indicates less than 0.01
15
M a y 2 0 0 9
Birla Sun Life Buy India Fund

Investment Style
A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100%
Value Blend Growth Size equity, focusing on investing in businesses that are driven by India's large population and inherent consumption patterns. The focus of the
scheme will be in the consumer and healthcare sectors.
Large
Small 30
20 18.31
12.16
10 8.45 8.28
0
% Returns
Fund Manager : Mr. Ajay Garg -5.83 -3.71
-10
Managing Fund Since : September 12,2007
-20
Date of inception : January 15, 2000 -30
-29.32
Nature of the scheme : An Open-ended Growth Scheme -40 -38.00
Key Features -50

Birla Sun Life Buy India Fund - Growth BSE 200 absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Plan (SIP)
Systematic Withdrawal : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Buy India Fund...
Plan (SWP)
BSE 200 BSE 200
Dividend : 14.93 Buy India Fund Buy India Fund
Growth : 21.26
Since Inception 110000 223876 258749 14.95 17.93
Last 5 years 60000 66812 67655 4.26 4.76
Benchmark : BSE 200
Nil.
Reinvestment.
Standard Deviation : 29.07% Consumer Non Durables 18.93 HDFC Bank Ltd. 1.40 Hotels 4.51
Sharpe Ratio## : -0.31 E.I.D. Parry (India) Ltd. 3.84 Asian Hotels Ltd. 1.97
Beta : 0.77
Tata Tea Ltd. 3.44 Finance 8.14 Taj GVK Hotels & Resorts Ltd. 1.28
Annual Portfolio
Turnover ratio : 0.26 United Spirits Ltd. 3.07 HDFC Ltd. 5.23 Indian Hotels Co. Ltd. 1.25
Radico Khaitan Ltd. 2.76 India Infoline Ltd. 2.91
ITC Ltd. 2.40 Media & Entertainment 4.08
Shaw Wallace & Company Ltd. 2.35 Auto 7.24 Television Eighteen India Ltd. 1.88
United Breweries Holdings Ltd. 1.07 Maruti Suzuki India Ltd. 7.24 PVR Ltd. 1.45
UTV Software Communications Ltd. 0.74
Pharmaceuticals 16.80 Telecom-Services 6.52 Magnasound India Ltd. ** #
Glaxosmithkline Pharmaceuticals Ltd. 5.84 Bharti Airtel Ltd. 3.80
Sun Pharmaceutical Industries Ltd. 4.85 Reliance Communications Ltd. 2.72 Transportation 1.48
Aventis Pharma Ltd. 4.69 Jet Airways India Ltd. 1.48
Pfizer Ltd. 1.43 Pesticides 5.31
Rallis India Ltd. 5.31 Cash & Cash Equivalents 1.18
Banks 15.40
State Bank of India 5.52 Gas 4.62 Net receivables / payables 1.21
ICICI Bank Ltd. 3.23 Indraprastha Gas Ltd. 4.62
Axis Bank Ltd. 2.11 Total Net Assets 100.00
Note:
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Kotak Mahindra Bank Ltd. 1.66 Auto Ancillaries 4.58
3 years history of monthly returns, source: MFI Explorer ING Vysya Bank Ltd. 1.48 Bosch Ltd. 4.58
** Represents thinly traded/ non traded securities and illiquid securities.
#
#
«
«
«
Birla Sun Life Buy India Fund
Equity Diversified (142 Schemes), for 3 & 5 Years periods ending 30-Apr-09
16
M a y 2 0 0 9
Birla Sun Life MNC Fund

Investment Style
An open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk
Value Blend Growth Size by making investments in securities of multi-national companies through a research based investment approach.
Large
Small
20
12.03 12.27
10.41
10
4.67
0
% Returns
Fund Manager : Mr. A.Balasubramaniam
Managing Fund Since : September 12, 2007 -10 -7.32 -9.29
Date of inception : December 27, 1999 -20
-25.74
-30
Key Features
Fresh Purchase : Rs. 5000/- Birla Sun Life MNC Fund - Growth S&P CNX MNC absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Plan (SIP)
Systematic Withdrawal : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life MNC Fund...
Plan (SWP)
S & P CNX MNC S & P CNX MNC
Dividend : 48.02 MNC Fund MNC Fund
Since Inception 112000 169763 226231 8.67 14.51
Growth : 95.79
Last 5 years 60000 65595 64108 3.53 2.62
Benchmark : S & P CNX MNC
³ Rs. 5 crores - Nil Date of First Installment : January 01, 2000
Nil.
Reinvestment.
Other Parameter
Standard Deviation : 25.68% Pharmaceuticals 18.77 ICRA Ltd. 3.94 Auto 4.13
Sharpe Ratio## : -0.41 Pfizer Ltd. 7.50 Maruti Suzuki India Ltd. 4.13
Beta : 0.85
Glaxosmithkline Pharmaceuticals Ltd. 4.46 Auto Ancillaries 6.71
Annual Portfolio
Turnover ratio : 0.15 Fulford (India) Ltd. 3.48 Bosch Ltd. 4.57 Oil 2.42
Wyeth Ltd. 3.34 Wabco TVS India Ltd 0.96
Cairn India Ltd. 2.42
Federal-Mogul Goetze (India) Ltd. 0.65
Consumer Non Durables 17.54 Sundaram-Clayton Ltd. 0.53
Diversified 1.98
Glaxosmithkline Consumer Healthcare Ltd. 6.98
Hindustan Unilever Ltd. 1.98
Colgate-Palmolive (India) Ltd. 5.63 Banks 6.05
ITC Ltd. 2.87 ING Vysya Bank Ltd. 3.70
Yes Bank Ltd. 2.35 Construction 0.95
Kansai Nerolac Paints Ltd. 2.06
ITD Cementation India Ltd. 0.95
Industrial Capital Goods 11.99 Telecom-Services 5.69

Areva T&D India Ltd. 3.23 Bharti Airtel Ltd. 5.69 Cash & Cash Equivalents 3.47
Alstom Projects India Ltd. 2.76
Honeywell Automation India Ltd. 2.57 Gas 4.99 Net receivables / payables -0.11
Note: ABB Ltd. 1.85 Gujarat Gas Company Ltd. 4.99
Siemens Ltd. 1.59 Total Net Assets 100.00
3 years history of monthly returns, source: MFI Explorer
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) Industrial Products 4.98
Finance 10.44 Cummins India Ltd. 4.01
CRISIL Ltd. 6.50 FAG Bearings India Ltd. 0.97
@
5-Star Award by ICRA
Birla Sun Life MNC Fund
Open Ended Diversified Equity - Aggressive (51 Schemes), 1 year ended 31-Dec-08
17
M a y 2 0 0 9
Birla Sun Life India Opportunities Fund

Investment Style
An open-ended growth scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that do
Value Blend Growth Size one or more of the following: Leverage India's intellectual capital for providing services, research and creative inputs; Seek to use current and
impending changes in patent laws / import tariffs / quotas to supply goods and services; Leverage India's lower labour costs for providing
Large
services and manufactured goods; Leverage India's large population of English speaking people for providing services.
Mid
Small
20
12.05
Fund Details 10 8.86
4.47
1 Year 3 Years 1.43
0
Fund Manager : Mr. Atul Penkar 5 Years Since Inception
-4.57
% Returns
Managing Fund Since : September 12, 2007 -10
Total Experience : 9 years -20 -16.76
Date of inception : December 27, 1999
-40 -37.01
Key Features -45.99
-50
Additional Purchase : Rs. 1000/- Birla Sun Life India Opportunities Fund - Growth S&P CNX 500 absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Plan (SIP) Systematic Investment Plan (SIP)
Plan (SWP)
Systematic Transfer : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life India Opportunities Fund...
Plan (STP)
Investment Period Total Investment Value (Rs.) of SIP in Returns (%)*

Dividend : 11.62 (Rs.) Birla Sun Life India Birla Sun Life India
S & P CNX 500 S & P CNX 500
Opportunities Fund Opportunities Fund
Growth : 27.06
Since Inception 112000 225176 156623 14.42 7.01
Benchmark : S & P CNX 500
Average AUM : Rs. 30.35 Crores Last 5 years 60000 65871 46882 3.70 -9.66
Load Structure (Incl for SIP) Last 3 years 36000 30397 23888 -10.73 -24.99
³ Rs. 5 crores - Nil Last 1 year 12000 11767 10865 -3.63 -17.26
Exit Load** : < Rs. 5 crores - 1% if redeemed Date of First Installment : January 01, 2000
/ switched out within 12 months The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of
*For direct application: Entry Load is *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)
Nil.
Reinvestment. Portfolio & Asset Allocation
Other Parameter Issuer % to Net Issuer % to Net Issuer % to Net
Standard Deviation : 30.94% Assets Assets Assets
Beta : 0.83 Software 18.14 Hindalco Industries Ltd. 1.25 Fertilisers 1.50
Annual Portfolio Infosys Technologies Ltd. 4.62 Hindustan Zinc Ltd 0.97 Tata Chemicals Ltd. 1.50
Turnover ratio : 0.98 Mphasis Ltd. 3.46
Tata Consultancy Services Ltd. 3.37 Telecom-Services 3.73 Consumer Non Durables 0.67
MindTree Ltd. 2.36 Reliance Communications Ltd. 3.73 Marico Ltd. 0.64
Infotech Enterprises Ltd. 2.25
Terai Tea Company Ltd.** 0.04
Core Projects & Technologies Ltd. 1.07
Finance 2.92
Tech Mahindra Ltd. 1.01
CRISIL Ltd. 2.92 Textile Products 0.66
Raymond Ltd. 0.66
Honeywell Automation India Ltd. 4.75 Power 2.84
Bharat Heavy Electricals Ltd. 2.68 KEC International Ltd. 2.84 Construction 0.30
AIA Engineering Ltd. 2.10 TeleCanor Global Ltd. 0.30
Suzlon Energy Ltd. 1.18 Ferrous Metals 2.77
Golden Laminates Ltd. ** 0.59 Tata Steel Ltd. 1.84 Media & Entertainment #
Welspun Gujarat Stahl Rohren Ltd. 0.93 Magnasound India Ltd. ** #
Reliance Industries Ltd. 10.50 Industrial Products 2.19 Future and Options 7.74
Cummins India Ltd. 2.19 CNX Nifty Futures MAY 2009 7.74
Note: Pharmaceuticals 6.82
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Sun Pharmaceutical Industries Ltd. 2.90
3 years history of monthly returns, source: MFI Explorer Construction Project 3.81 Cash & Cash Equivalents 25.45
Dr.Reddys Laboratories Ltd. 1.68
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) Voltas Ltd. 2.02
Aventis Pharma Ltd. 1.26
Punj Lloyd Ltd. 1.79 Net receivables / payables -7.35
Dishman Pharmaceuticals & Chemicals Ltd. 0.98
Non - Ferrous Metals 4.35 Hardware 1.67 Total Net Assets 100.00
Sterlite Industries (India) Ltd. 2.13 Allied Digital Services Ltd. 1.67
** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 0.63%.
#
18
M a y 2 0 0 9
Birla Sun Life Dividend Yield Plus

Investment Style
An open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of
Value Blend Growth Size dividend paying companies that have a relatively high dividend yield.
Large
Small 30 24.92 22.48

20
11.39 12.05
10
0
% Returns
-2.69 -4.57
Fund Manager : Mr. Ankit Sancheti -10
Managing Fund Since : November 30,2007
-20
Total Experience : 8 years -21.66
-40 -37.01
Key Features -50
Fresh Purchase : Rs. 5000/- Birla Sun Life Dividend Yield Plus - Growth S & P CNX 500 absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Plan (SIP)
Systematic Withdrawal : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Dividend Yield Plus...
Plan (SWP)
Birla Sun Life Birla Sun Life
Plans / Options & NAV (as on April 29, 2009) (Rs.) S & P CNX 500 S & P CNX 500
Dividend : 8.87
Dividend Yield Plus Dividend Yield Plus
Growth : 39.51 Since Inception 74000 102064 104846 10.32 11.19
Last 5 years 60000 65871 67097 3.70 4.43
Benchmark : S & P CNX 500
Nil.
issuedin Bonus & Dividend
Reinvestment.
Other Parameter
Standard Deviation : 29.15% Consumer Non Durables 15.87 Chambal Fertilisers & Chemicals Ltd. 1.79 Kirloskar Brothers Ltd. 0.27
Sharpe Ratio## : -0.20 Glaxosmithkline Consumer Healthcare Ltd. 3.76 Rashtriya Chemicals & Fertilizers Ltd. 1.68 Cummins India Ltd. 0.20
Beta : 0.75 Colgate-Palmolive (India) Ltd. 3.12 DCM Shriram Consolidated Ltd. 0.26
Annual Portfolio E.I.D. Parry (India) Ltd. 2.20 Industrial Capital Goods 1.69
Turnover ratio : 0.67 Procter&Gamble Hygiene&Health Care Ltd. 1.69 Oil 6.42 Apar Industries Ltd. 1.54
Kansai Nerolac Paints Ltd. 1.58 Oil & Natural Gas Corporation Ltd. 6.42 Elecon Engineering Ltd. 0.15
Berger Paints India Ltd. 1.46
Shaw Wallace & Company Ltd. 0.95 Paper 4.39 Diversified 1.63
Eveready Industries India Ltd. 0.77 Tamil Nadu Newsprint & Papers Ltd. 2.70 Hindustan Unilever Ltd. 1.63
Godrej Consumer Products Ltd. 0.35 Ballarpur Industries Ltd. 1.69
Ferrous Metals 1.27
Banks 14.12 Finance 4.01 PSL Ltd. 1.27
Andhra Bank 2.66 Rural Electrification Corporation Ltd. 3.48
Bank of Baroda 2.58 Power Finance Corporation Ltd 0.53 Software 1.06
Corporation Bank 2.12 3i Infotech Ltd. 1.06
Indian Overseas Bank 1.91 Power 3.81
Union Bank of India 1.74 KEC International Ltd. 2.19 Auto Ancillaries 0.60
South Indian Bank Ltd. 1.61 Neyveli Lignite Corporation Ltd. 0.93 Goodyear India Ltd. 0.60
Oriental Bank of Commerce 1.00 Gujarat Industries Power Co. Ltd. 0.69
Indian Bank 0.50 Minerals/Mining 0.25
Transportation 2.14 Nava Bharat Ventures Ltd. 0.25
Pharmaceuticals 11.27 Great Eastern Shipping Company Ltd. 1.25
Wyeth Ltd. 5.08 Gateway Distriparks Ltd. 0.88 Trading 0.13
Note: Glaxosmithkline Pharmaceuticals Ltd. 4.31 Salora International Ltd. 0.13
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using Pfizer Ltd. 1.87 Gas 2.06
3 years history of monthly returns, source: MFI Explorer Indraprastha Gas Ltd. 2.06 Cash & Cash Equivalents 8.66
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) Petroleum Products 10.05
Hindustan Petroleum Corporation Ltd. 3.75 Cement 1.91 Net receivables / payables -0.03
Indian Oil Corporation Ltd. 3.34 ACC Ltd. 1.10
Bharat Petroleum Corporation Ltd. 2.95 Kesoram Industries Ltd. 0.81 Total Net Assets 100.00
Fertilisers 6.84 Industrial Products 1.88

Tata Chemicals Ltd. 3.11 Cosmo Films Ltd. 1.41
CRISIL~CPR 2^^ «
«
«
«Value Research Rating# 5-Star Award by ICRA@
Birla Sun Life Dividend Yield Plus Birla Sun Life Dividend Yield Plus Birla Sun Life Dividend Yield Plus
Diversified Equity Schemes - Equity (69 Schemes), 5 Yrs ended 31-Mar-09 Equity Diversified (142 Schemes), for 3 & 5 Years periods ending 30-Apr-09 Open Ended Diversified Equity - Aggressive (51 Schemes), 1 year ended 31-Dec-08
19
Birla Sun Life
M a y 2 0 0 9
International Equity Fund - Plan A
Fund Details Investment Objective

Fund Manager : Mr. Mahesh Patil &
An open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified
Mr. Vineet Maloo
portfolio of equity and equity related securities in the international markets.
Managing Fund Since : Since allotment
Total Experience : 16 years / 4 years
Date of inception : October 31, 2007 Investment Performance
Nature of the scheme : An Open-ended Diversified
Equity Scheme
1 Year Since Inception
Key Features 0
-10
% Returns
issued -20
Plan (SIP)
Systematic Withdrawal : Available -30 -26.69 -27.74 -27.46
Plan (SWP) -32.97
Plan (STP) -40
Birla Sun Life International Equity Fund Plan A - Growth S&P Global 1200 absolute returns for period less than 1 year & CAGR for period 1 year or more.
Dividend : 7.25
Growth : 7.25 Systematic Investment Plan (SIP)
Benchmark : S&P Global 1200
Average AUM : Rs. 138.91 Crores SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life International Equity Fund - Plan A...

Value (Rs.) of SIP in Returns (%)*
Entry Load* : < Rs. 5 crores - 2.50% Investment Period Total Investment
³ Rs. 5 crores - Nil Birla Sun Life International S&P Global Birla Sun Life International
(Rs.) S&P Global
Exit Load** : < Rs. 5 crores - 1% if redeemed 1200 Equity Fund - Plan A 1200 Equity Fund - Plan A
/ switched out within 12 months Since Inception 17000 14520 14452 -19.60 -20.13
*For direct application: Entry Load is Last 1 year 12000 10831 10701 -17.75 -19.66
Nil.
**Exit / Entry Load is NIL for units Date of First Installment : December 01, 2007
Reinvestment. The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of
Other Parameter *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)
Beta : 0.70 Portfolio & Asset Allocation
Annual Portfolio
Turnover ratio : 0.30 Issuer % to Net Issuer % to Net Issuer % to Net
Foreign Equity 78.64 Roche Holdings AG 2.45 E.On Ag 1.47
Cheung Kong Infrastructure Holdings Ltd. 4.14 Wharf Holdings Ltd. 2.43 Iberdrola S.A. 1.41
Taiwan Semiconductor Manu Comp Ltd. (ADR)4.12 China Mobile Ltd. 2.43 Fortum Oyj 1.34
Teva Pharmaceutical Industries Ltd. (ADR) 3.88 Akzo Nobel N.V. 2.37 China Oilfield Services Ltd. 1.32
Nestle S.A. 3.88 Wal-MartStoresInc. 2.26 Jiangsu Expressway Company Ltd. 1.19
The Coca Cola Company 3.88 Unibanco - Uniao de Bancos Brasileiros S.A. (ADR) 2.21 Renewable Energy Corporation AS 1.19
Pride International Inc. 3.67 Oracle Corporation 2.14 Vimpel-Communications (ADR) 0.96
MTR Corporation Ltd. 3.33 Microsoft Corporation 2.08
StatoilHydro ASA 3.22 Noble Corporation 2.05 Cash & Cash Equivalents 19.51
Procter & Gamble 3.11 Indu and Comm Bank of China (Asia) Ltd. 2.01
Bayer AG 3.08 Aetna Inc. 1.75 Net receivables / payables 1.85
Northrop Grumman Corporation 3.06 Exxon Mobil Corporation 1.74
China Construction Bank Corporation 3.01 Chubb Corporation 1.47 Total Net Assets 100.00
Note:
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The
fund has completed 1 year but yet to complete 3 years since its inception so the ratio
is calculated on the basis of historical 1 year returns, source: MFI Explorer
20
Birla Sun Life
M a y 2 0 0 9
International Equity Fund - Plan B
Fund Details Investment Objective

Fund Manager : Mr. Mahesh Patil &
An open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified
Mr. Vineet Maloo
portfolio of equity and equity related securities in the domestic and international markets.
Nature of the scheme : An Open-ended Diversified Investment Performance
Equity Scheme
Key Features 1 Year Since Inception

0
-10
% Returns
-20
issued
Systematic Investment : Available -30
Plan (SIP)
-32.66 -33.35
-40
Plan (SWP) -40.41 -39.57
Systematic Transfer : Available -50 + A customized benchmark created using BSE 200 to the extent of 65% of
Plan (STP) portfolio and S&P Global 1200 to the extent of 35% of Portfolio.
Plans / Options & NAV (as on April 29, 2009) Birla Sun Life International Equity Fund Plan B - Growth Customized Index+ absolute returns for period less than 1 year & CAGR for period 1 year or more.
Dividend : 5.96
Growth : 5.96
Systematic Investment Plan (SIP)
Benchmark : Customised Index†
SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life International Equity Fund - Plan B...
†A customized benchmark created using BSE 200 to the extent of 65% of portfolio
and S&P Global 1200 to the extent of 35% of portfolio.
Value (Rs.) of SIP in Returns (%)*
Entry Load* : < Rs. 5 crores - 2.50% Investment Period Total Investment
³ Rs. 5 crores - Nil Customised Birla Sun Life International Customised Birla Sun Life International
(Rs.)
Exit Load** : < Rs. 5 crores - 1% if redeemed Index† Equity Fund - Plan B Index† Equity Fund - Plan B
/ switched out within 12 months Since Inception 17000 14779 14405 -17.56 -20.50
*For direct application: Entry Load is Last 1 year 12000 11511 11255 -7.56 -11.44
Nil.
**Exit / Entry Load is NIL for units Date of First Installment : December 01, 2007
Reinvestment. The data assumes the investment of Rs.1,000/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of
Other Parameter *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return)
Standard Deviation : 30.05% †A customized benchmark created using BSE 200 to the extent of 65% of portfolio and S&P Global 1200 to the extent of 35% of portfolio.
Beta : 0.77
Annual Portfolio
Turnover ratio : 1.89 Portfolio & Asset Allocation
Foreign Equity 22.74 Axis Bank Ltd. 2.10 Punj Lloyd Ltd. 0.73
Taiwan Semiconductor Manu Comp Ltd. (ADR)1.17 State Bank of India 2.09
Nestle S.A. 1.04 Union Bank of India 1.31 Pharmaceuticals 2.40
The Coca Cola Company 1.04 ING Vysya Bank Ltd. 1.19 Dr.Reddys Laboratories Ltd. 1.92
Cheung Kong Infrastructure Holdings Ltd. 1.00 Sun Pharmaceutical Industries Ltd. 0.48
Pride International Inc. 0.98 Petroleum Products 10.78
MTR Corporation Ltd. 0.89 Reliance Industries Ltd. 9.11 Cement 2.31
Teva Pharmaceutical Industries Ltd. (ADR) 0.87 Indian Oil Corporation Ltd. 1.05 Grasim Industries Ltd. 1.38
Procter & Gamble 0.87 Hindustan Petroleum Corporation Ltd. 0.61 Century Textiles and Industries Ltd 0.93
StatoilHydro ASA 0.86
Note: Wharf Holdings Ltd. 0.84 Consumer Non Durables 7.29 Construction 1.10
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis.The Bayer AG 0.82 ITC Ltd. 2.93 Unitech Ltd. 0.78
fund has completed 1 year but yet to complete 3 years since its inception so the ratio Roche Holdings AG 0.82 Colgate-Palmolive (India) Ltd. 2.47 D.S. Kulkarni Developers Ltd. 0.32
is calculated on the basis of historical 1 year returns, source: MFI Explorer United Spirits Ltd. 1.13
Northrop Grumman Corporation 0.82
##Risk-free rate assumed to be 3.28%(91 day T-bill yield as on April 29, 2009) United Breweries Holdings Ltd. 0.76 Industrial Capital Goods 1.68
China Construction Bank Corporation 0.80
Akzo Nobel N.V. 0.80 Bharat Heavy Electricals Ltd. 1.40
Telecom-Services 7.10 Bharat Electronics Ltd. 0.28
Unibanco-UniaodeBancosBrasileirosS.A.(ADR)0.76
Oracle Corporation 0.73
Reliance Communications Ltd. 1.31 Non - Ferrous Metals 1.02
Microsoft Corporation 0.71
Noble Corporation 0.70
Software 6.87
Industrial and Comm Bank of China (Asia) Ltd. 0.69 Infosys Technologies Ltd. 4.72 Fertilisers 0.95
China Mobile Ltd. 0.65 Tata Consultancy Services Ltd. 2.15 Tata Chemicals Ltd. 0.95
Aetna Inc. 0.61
Wal-Mart Stores Inc. 0.60 Power 4.90 Auto 0.74
Exxon Mobil Corporation 0.58 Reliance Infrastructure Ltd. 2.21 Maruti Suzuki India Ltd. 0.74
Chubb Corporation 0.46 Tata Power Company Ltd. 1.43
China Oilfield Services Ltd. 0.45 NTPC Ltd. 1.27 Ferrous Metals 0.71
Renewable Energy Corporation AS 0.42 Tata Steel Limited 0.71
E.On Ag 0.39 Finance 4.62
Iberdrola S.A. 0.38 HDFC Ltd. 2.89 Cash & Cash Equivalents 4.32
Fortum Oyj 0.36 ICRA Ltd. 1.73
Vimpel-Communications (ADR) 0.32 Net receivables / payables 1.03
Jiangsu Expressway Company Ltd. 0.32 Oil 4.03
Oil & Natural Gas Corporation Ltd. 4.03 Total Net Assets 100.00
Banks 12.08
HDFC Bank Ltd. 2.70 Construction Project 3.32
ICICI Bank Ltd. 2.69 Larsen & Toubro Ltd. 2.59
21
Birla Sun Life
M a y 2 0 0 9
Special Situations Fund

Investment Style
An open-ended diversified equity scheme with an objective of the scheme is to generate long-term growth of capital by investing in a portfolio
Value Blend Growth Size of equity and equity related securities. The Scheme would follow an investment strategy that would take advantage of Special Situations &
Contrarian investment style.
Large
Small
0
Fund Details -10
% Returns
Fund Manager : Mr. A.Balasubramaniam & -20
Mr. Sanjay Chawla
Managing Fund Since : September 02, 2008 -30
Date of inception : January 31, 2008 -40 -36.94 -38.00
Nature of the scheme : An Open-ended Diversified -40.32 -40.92
Equity Scheme -50
Birla Sun Life Special Situations Fund - Growth BSE 200 absolute returns for period less than 1 year & CAGR for period 1 year or more.
Key Features
Redemption Cheques : Within 10 business days Systematic Investment Plan (SIP)
issued
Systematic Investment : Available SIP is a powerful tool that can help you create wealth over time. If you had invested in Birla Sun Life Special Situations Fund...
Plan (SIP)
Plan (SWP) Value (Rs.) of SIP in Returns (%)*
Systematic Transfer : Available Investment Period Total Investment
(Rs.) BSE 200 Birla Sun Life Special Birla Sun Life Special
Plan (STP) BSE 200
Situations Fund Situations Fund
Plans / Options & NAV (as on April 29, 2009) Since Inception 13000 12387 12123 -8.13 -11.57
Dividend : 6.01
(Payout, Reinvestment & Sweep) Last 1 year 12000 11693 11423 -4.77 -8.90
Growth : 6.01
Date of First Installment : April 01, 2008
Benchmark : BSE 200
Exit Load** : < Rs. 5 crores - 1% if redeemed Portfolio & Asset Allocation
Nil.
**Exit / Entry Load is NIL for units Petroleum Products 13.54 Software 5.11 Diversified 1.18
issued in Bonus & Dividend Reliance Industries Ltd. 6.44 Infosys Technologies Ltd. 3.37 Aditya Birla Nuvo Ltd. 1.18
Reinvestment. Indian Oil Corporation Ltd. 3.47 Core Projects & Technologies Ltd. 1.74
Bharat Petroleum Corporation Ltd. 2.38 Chemicals 1.17
Reliance Petroleum Ltd. 1.25 Cement 4.90 Solar Industries Ltd. 1.17
Other Parameter Century Textiles and Industries Ltd 2.57
Standard Deviation : 40.16% Banks 9.91 ACC Ltd. 1.24
Sharpe Ratio## : -1.00 Paper 1.17
State Bank of India 3.71 Ambuja Cements Ltd. 1.08
Ballarpur Industries Ltd. 1.17
Beta : 0.83 HDFC Bank Ltd. 3.07
Annual Portfolio ICICI Bank Ltd. 2.13 Industrial Capital Goods 4.85
Bharat Heavy Electricals Ltd. 1.85 Auto 1.08
Turnover ratio : 1.58 Bank of Baroda 0.99 Tata Motors Ltd. 1.08
Suzlon Energy Ltd. 1.71
Consumer Non Durables 9.55 Crompton Greaves Ltd. 1.30
Construction 1.85
ITC Ltd. 4.22
Telecom-Services 4.43 Unitech Ltd. 0.99
Shaw Wallace & Company Ltd. 1.99
Bharti Airtel Ltd. 2.51 Indiabulls Real Estate Ltd. 0.86
Balrampur Chini Mills Ltd. 1.25
United Spirits Ltd. 1.10
Dabur India Ltd. 0.99 Textile Products 0.97
Fertilisers 4.01 Raymond Ltd. 0.97
Tata Chemicals Ltd. 4.01
Pharmaceuticals 7.28
Lupin Ltd. 2.51 Media & Entertainment 0.95
Finance 2.72 Balaji Telefilms Ltd. 0.95
Sun Pharmaceutical Industries Ltd. 2.28 HDFC Ltd. 1.55
Novartis India Ltd. 1.34 Reliance Capital Ltd. 1.17
Ranbaxy Laboratories Ltd. 1.14 Cash & Cash Equivalents 5.54
Construction Project 2.46
Power 5.35 Larsen & Toubro Ltd. 2.46 Net receivables / payables 10.02
Reliance Infrastructure Ltd. 2.33
NTPC Ltd. 2.02 Industrial Products 1.96 Total Net Assets 100.00
Note: Tata Power Company Ltd. 1.00 Sintex Industries Ltd. 1.96
22
Birla Sun Life
M a y 2 0 0 9
Commodity Equities Fund
Fund Details
Fund Manager : Mr. Ankit Sancheti and An Open ended Growth Scheme with the objective to offer long term growth of capital, by investing in (1) stocks of commodity companies, i.e.,
Mr. Vineet Maloo companies engaged in or focusing on the specified commodity business and/or (2) overseas mutual fund scheme(s), that have similar
Managing Fund Since : Since Inception investment objectives. These securities could be issued in India or overseas.
Total Experience : 8 years / 4 Years
Date of inception : November 07, 2008 Investment Performance Investment Performance Investment Performance
Nature of the scheme : An Open-ended Growth Scheme (Global Agri Plan) (Global Multi commodity Plan) (Global Precious Metals Plan)
10
30 70 66.30
Key Features
26.36
Default option : Default Plan: Retail Plan 60
25 23.33 8
Default Option: Growth
50
Default Facility: Dividend 20
Reinvestment 6 5.66 40
Retail Plan 15 30
Fresh Purchase : Rs. 5000/- 4
Additional Purchase : Rs. 1000/- 20
10
Institutional Plan 2.21
2 10
Fresh Purchase : Rs. 5,00,00,000/- 5
Additional Purchase : Rs. 10000/- 0
Since Inception
0 -2.87
Redemption Cheques : Within 10 working days 0 -10
Since Inception Since Inception
issued
Birla Sun Life Commodity Equities Fund - MSCI World index Birla Sun Life Commodity Equities Fund - Dow Jones Precious
Systematic Investment : Available Birla Sun Life Commodity Equities Fund - Global Agri business index Global Precious Metal - Growth Metal Index
Global Agri Plan Retail - Growth Global Multi commodity - Growth
Plan (SIP)
Systematic Withdrawal : Available Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year.
Plan (SWP)
Plan (STP) Portfolio & Asset Allocation (Global Agri Plan)
Plans / Options & NAV (as on April 29, 2009) Issuer % to Net Issuer % to Net
Global Agri Plan Assets Assets
Retail Plan Foreign Equity 85.47 Wilmar International Ltd 3.80
Dividend : 12.39 Potash Corporation of Saskatchewan 9.19 Agco Corp 3.78
(Payout, Reinvestment & Sweep) Monsaic 6.09 K+S AG 3.77
Growth : 12.39 Monsanto Company 5.69 Viterra Inc. 3.43
Global Multi Commodity Plan Agrium Inc. 5.42 Bunge Ltd. 3.42
Syngenta AG 5.39 GEA Group AG 3.03
Retail Plan Deere & Company 5.28 Namhae Chemical Corp 0.43
Dividend : 10.26 CF Industries Holdings Inc. 5.12
(Payout, Reinvestment & Sweep) FMC Corporation 4.60 Cash & Cash Equivalents 37.88
Growth : 10.26 Quimica Y Minera De Chil Sp 4.37
Global Precious Metals Plan Yara International 4.32 Net receivables / payables -23.36
Terra Industries Inc 4.24
Retail Plan
Nobel Group Company Ltd. 4.09 Total Net Assets 100.00
Dividend : 9.75
Growth : 9.75
Benchmark (for all plans) : Global Agri business index Portfolio & Asset Allocation (Global Multi commodity Plan)
MSCI World index
Dow Jones Precious Metals Index Issuer % to Net Issuer % to Net
Issuer % to Net
Average AUM Assets Assets Assets
Global Agri Plan : Rs. 1.62 Crores
Global Multi Commodity Plan : Rs. 5.13 Crores Foreign Equity 93.51 Anglo American PLC 2.00 ITT Corporation 1.10
Global Precious Metals Plan : Rs. 2.09 Crores Goldcorp Inc. 5.47 Iamgold Corporation 1.94 Pentair Inc. 1.07
Chevron Corporation 4.63 Yamana Gold Inc. 1.92 Veolia Environnement 1.06
Transocean Inc. 3.50 Royal Gold Inc 1.85 Geberit AG 1.05
Load Structure (Incl for SIP) Harmony Gold Mining Company Ltd. (ADR) 3.28 Potash Corporation of Saskatchewan 1.78 United Utilities Group PLC 0.94
Entry Load* : < Rs. 3 cr - 2.50% Petroleo Brasileiro 3.25 Deere & Company 1.65 IDEX Corporation 0.92
³ Rs. 3 cr but < Rs. 5 cr - 1.00% Hess Corp 3.15 Syngenta AG 1.64 Severn Trent PLC 0.92
³ Rs. 5 cr - Nil Xstrata PLC 1.50 Cia Vale do Rio Doce 0.89
Diamond Offshore Drilling Inc 3.04
K+S AG 0.86
Total S.A. 3.00 CF Industries Holdings Inc. 1.30
Exit Load** : < Rs. 5 crores - 1% if redeemed BHP Billiton Ltd. 0.83
Newmont Mining Corporation 2.98 Nalco Holding Company 1.29 Nippon Steel Corporation 0.65
/ switched out within 12 months Barrick Gold Corporation 2.93 Uralkali-Spon (GDR) 1.28 United States Steel 0.47
³ Rs. 5 crores - Nil XTO Energy Inc 2.79 Monsanto Company 1.28 Intrepid Potash Inc. 0.47
*For direct application: Entry Load is Royal Dutch Shell PLC 2.74 Teck Cominco Ltd. 1.23 Gerdau S.A. 0.27
Nil. Peter Hambro Mining 2.41 Monsaic 1.23
**Exit / Entry Load is NIL for units Agnico-Eagle Mines Ltd. 2.34 Halliburton Company 1.15 Cash & Cash Equivalents 15.56
issued in Bonus & Dividend Kinross Gold Corporation 2.32 Israel Chemicals Ltd. 1.14
Reinvestment. Apache Corporation 2.28 National Oilwell Varco 1.12 Net receivables / payables -9.07
Eni S.p.A 2.25 Freeport McMoRan Copper & Gold Inc. 1.12
Other Parameter Gold Fields Ltd. 2.11 Agrium Inc. 1.11 Total Net Assets 100.00
Standard Deviation : NA
Sharpe Ratio## : NA
Alpha* : NA
Beta : NA
Annual Portfolio
Turnover ratio
Portfolio & Asset Allocation (Global Precious Metals Plan)
Glbal Agri Plan : 0.32
Global Multi commodity Plan : 0.22 Issuer % to Net Issuer % to Net
Global Precious Metals Plan : 0.22 Assets Assets
Foreign Equity 94.31 Lihir Gold Ltd. 4.29

Goldcorp Inc. 11.61 Eldorado Gold Corporation 4.12
Note: Newmont Mining Corporation 6.12 Newcrest Mining Ltd. 4.00
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The Peter Hambro Mining PLC 5.71 Compania de Minas Buenaventura (ADR) 3.97
fund has not yet completed one year since its inception so the ratios could not be Harmony Gold Mining Company Ltd. (ADR) 5.45 Silver Wheaton Corporation 3.64
calculated, source: MFI Explorer
Barrick Gold Corporation 5.39 Pan American Silver Corporation 3.63
Gold Fields Ltd. (ADR) 5.09 Anglo American PLC 0.05
AngloGold Ashanti Ltd. (ADR) 4.63
Kinross Gold Corporation 4.60 Cash & Cash Equivalents 9.93
Agnico-Eagle Mines Ltd. 4.55
Yamana Gold Inc. 4.40 Net receivables / payables -4.23
IAMGOLD Corporation 4.38
Randgold Resources Ltd. (ADR) 4.35 Total Net Assets 100.00
Royal Gold Inc. 4.33
23
Birla Sun Life Long Term
M a y 2 0 0 9
Advantage Fund

Investment Style
A 5 years close ended scheme with automatic conversion to an open ended scheme upon maturity with the objective to provide longterm capital
Value Blend Growth Size appreciation by investing predominantly in a diversified portfolio of equity and equity related securities.
Large
Small
0
-5.00
Fund Details -10
-9.91
% Returns
Fund Manager : Mr. Ajay Argal -20
Nature of the scheme : A 5 Years Close-ended Scheme
-34.49 -34.11
-40
Key Features
Default option : NA Past performance may or may not be sustained in future. Returns are in % and
Birla Sun Life Long Term Advantage Fund - Growth BSE Sensex absolute returns for period less than 1 year & CAGR for period 1 year or more.
Fresh Purchase : NA
Additional Purchase : NA
Redemption Cheques : NA
issued
Systematic Investment : NA Portfolio & Asset Allocation
Plan (SIP)
Systematic Withdrawal : NA Issuer % to Net Issuer % to Net Issuer % to Net
Plan (SWP) Assets Assets Assets
Systematic Transfer : NA
Industrial Capital Goods 9.39 Colgate-Palmolive (India) Ltd. 2.11 Engineering 1.93
Plan (STP)
Bharat Heavy Electricals Ltd. 3.85 Engineers India Ltd. 1.93
Bharat Electronics Ltd. 3.08 Pesticides 6.18
Plans / Options & NAV (as on April 29, 2009) Gujarat Apollo Industries Ltd. 1.53 Rallis India Ltd. 4.48 Industrial Products 1.82
Dividend : 7.76
(Payout & Reinvestment) McNally Bharat Engineering Company Ltd. 0.68 United Phosphorus Ltd. 1.70 FAG Bearings India Ltd. 1.82
Growth : 7.76 Manugraph India Ltd. 0.25
Oil 5.06 Construction Project 1.32
Benchmark : BSE Sensex Telecom-Services 9.21
Average AUM : Rs. 218.49 Crores Oil & Natural Gas Corporation Ltd. 5.06 Larsen & Toubro Ltd. 1.32
Load Structure Reliance Communications Ltd. 2.36 Pharmaceuticals 4.48
Entry Load : NA Fertilisers 1.28
Sun Pharmaceutical Industries Ltd. 2.43
Banks 8.46 Chambal Fertilisers & Chemicals Ltd. 1.28
Exit Load : Nil Dr.Reddys Laboratories Ltd. 2.05
Investors offering units for repurchase ICICI Bank Ltd. 2.64
before maturity of the scheme /
conversion of scheme into open Axis Bank Ltd. 2.02 Media & Entertainment 1.06
Power 4.13
ended scheme will be charged HDFC Bank Ltd. 1.95 PVR Ltd. 0.69
balance proportionate unamortized CESC Ltd. 1.60
issue expenses on the applicable Oriental Bank of Commerce 1.84 Balaji Telefilms Ltd. 0.37
NAV. Reliance Infrastructure Ltd. 1.16
KEC International Ltd. 1.14
Software 8.44 Cement 0.43
Other Parameter Jyoti Structures Ltd. 0.23
Standard Deviation : 35.76% Infosys Technologies Ltd. 5.27 Madras Cements Ltd. 0.43
Sharpe Ratio## : -1.05 Tata Consultancy Services Ltd. 2.76
Beta : 0.80 Construction 2.47
Subex Ltd. 0.41
Annual Portfolio Nagarjuna Construction Company Ltd. 1.64 Gas 0.32
Turnover ratio : 0.31 JMC Projects (India) Ltd 0.48 Gujarat State Petronet Ltd. 0.32
ITD Cementation India Ltd. 0.35
Reliance Industries Ltd. 7.80
Cash & Cash Equivalents 2.68
Auto Ancillaries 7.10 Finance 2.45
Bosch Ltd. 3.63 HDFC Ltd. 2.45 Net receivables / payables 5.27
Exide Industries Ltd. 3.48

Ferrous Metals 2.06 Total Net Assets 100.00
Consumer Non Durables 6.67 Tata Steel Limited ( CCPS ) 1.28
ITC Ltd. 4.56 Maharashtra Seamless Ltd. 0.78
Note:
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis.The
24
Birla Sun Life Long Term
M a y 2 0 0 9
Advantage Fund Series - I

Investment Style
A Closed-end Small and Mid Cap Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an
Value Blend Growth Size Open-ended scheme. It seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity related
securities of companies considered to be small and mid cap. The Scheme may also invest a certain portion of its corpus in fixed income
Large
securities including money market instruments, in order to meet liquidity requirements from time to time.
Mid
Small
Fund Details 1 Year Since Inception

0
Fund Manager : Mr. Ankit Sancheti -10

Managing Fund Since : September 2, 2008
% Returns
-20 -14.96
Date of inception : May 31, 2007 -30 -27.18
Nature of the scheme : A Closed-ended Small and Mid
-40
Cap Equity Scheme -39.95
-50 -45.13
Key Features
Default option : NA -60
Fresh Purchase : NA Past performance may or may not be sustained in future. Returns are in % and
Birla Sun Life Long Term Advantage Fund Series I - Growth BSE 500 absolute returns for period less than 1 year & CAGR for period 1 year or more.
issued
Systematic Investment : NA
Plan (SIP) Portfolio Asset Allocation
Systematic Withdrawal : NA
Plan (SWP) Issuer % to Net Issuer % to Net Issuer % to Net
Systematic Transfer : NA
Plan (STP) Industrial Capital Goods 12.67 Power 6.24 Media & Entertainment 1.34
Bharat Electronics Ltd. 4.40 CESC Ltd. 2.29 Balaji Telefilms Ltd. 0.76
Crompton Greaves Ltd. 2.48 Jyoti Structures Ltd. 2.27 PVR Ltd. 0.54
Plans / Options & NAV (as on April 29, 2009) Apar Industries Ltd. 2.45 GVK Power & Infrastructure Ltd. 1.68 Jagran Prakashan Ltd. 0.04
Hindustan Dorr Oliver Ltd. 1.42
Dividend : 5.45
Honeywell Automation India Ltd. 1.02 Pharmaceuticals 4.67 Retailing 1.28
(Payout & Reinvestment)
BEML Ltd. 0.90 Pfizer Ltd. 3.43 Trent Ltd. 1.28
Growth : 5.45 Dishman Pharmaceuticals & Chemicals Ltd. 1.24
Banks 12.21 Paper 1.11
Benchmark : BSE 500 ING Vysya Bank Ltd. 3.10 Auto Ancillaries 3.49 Ballarpur Industries Ltd. 1.11
Average AUM : Rs. 161.47 Crores Indian Bank 2.51 Exide Industries Ltd. 1.41
South Indian Bank Ltd. 2.47 Wabco TVS India Ltd 1.37 Software 0.90
Load Structure Oriental Bank of Commerce 1.81 Sundaram-Clayton Ltd. 0.71 Geometric Ltd. 0.70
Entry Load : NA City Union Bank Ltd. 1.75 Infotech Enterprises Ltd. 0.20
Bank of Maharashtra 0.56 Fertilisers 2.89
Exit Load : Nil Tata Chemicals Ltd. 1.41 Diversified 0.81
Investors offering units for Consumer Non Durables 12.13 Aries Agro Ltd. 0.67 Aditya Birla Nuvo Ltd. 0.64
repurchase before maturity of the Glaxosmithkline Consumer Healthcare Ltd. 6.74 Zuari Industries Ltd 0.47 McDowell Holdings Ltd. 0.18
scheme / conversion of scheme into Radico Khaitan Ltd. 1.61 DCM Shriram Consolidated Ltd. 0.33
open ended scheme will be charged Mcleod Russel India Ltd. 1.42 Hotels 0.72
balance proportionate unamortized Shaw Wallace & Company Ltd. 1.35 Petroleum Products 2.63 Taj GVK Hotels & Resorts Ltd. 0.72
issue expenses on the applicable
NAV. Eveready Industries India Ltd. 1.01 Bharat Petroleum Corporation Ltd. 1.33
Millennium Beer Industries Ltd.** # Hindustan Petroleum Corporation Ltd. 1.30 Ferrous Metals 0.71
Other Parameter Maharashtra Seamless Ltd. 0.71
Construction 9.35 Finance 2.02
Standard Deviation : 39.75% IVRCL Infrastructures & Projects Ltd. 3.11 ICRA Ltd. 2.02 Textile Products 0.61
Sharpe Ratio## : -1.22 Nagarjuna Construction Company Ltd. 1.83 Raymond Ltd. 0.61
Beta : 0.80 Gammon India Ltd. 1.51 Cement 1.56
Annual Portfolio JMC Projects (India) Ltd 1.27 Ultratech Cement Ltd. 1.41 Cash & Cash Equivalents 7.45
Turnover ratio : 0.51 HSIL Limited 1.14 Shree Cements Ltd. 0.15
ITD Cementation India Ltd. 0.49 Net receivables / payables 4.30
Chemicals 1.55
Industrial Products 7.91 Micro Inks Ltd. 1.55 Total Net Assets 100.00
Jain Irrigation Systems Ltd. 4.42
The Paper Products Ltd. 1.54 Oil 1.44
Sintex Industries Ltd. 1.06 Great Offshore Ltd. 1.07
Greaves Cotton Ltd. 0.90 Aban Offshore Ltd. 0.37

#
Note:
25
M a y 2 0 0 9
Birla Sun Life Pure Value Fund

Investment Style
A Closed-end Diversified Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an open
Value Blend Growth Size ended scheme. It seeks to generate consistent long term capital appreciation by investing predominantly in equity and equity related securities
by following value investing strategy.
Large
Small 1 Year Since Inception

0
-10
Fund Details
% Returns
-20 -17.66
Fund Manager : Mr. Ajay Argal -19.95
Date of inception : March 27, 2008 -31.60
Nature of the scheme : A Close-ended Diversified -40 -38.00
Equity Scheme
-50
Birla Sun Life Pure Value Fund - Growth BSE 200 absolute returns for period less than 1 year & CAGR for period 1 year or more.
Default option : NA
Fresh Purchase : NA
issued Portfolio & Asset Allocation
Systematic Investment : NA
Plan (SIP) Issuer % to Net Issuer % to Net Issuer % to Net
Systematic Withdrawal : NA Assets Assets Assets
Plan (SWP) Petroleum Products 10.59 Bharati Shipyard Ltd. 1.91 Transportation 2.40
Systematic Transfer : NA Bharat Petroleum Corporation Ltd. 3.66 Great Eastern Shipping Company Ltd. 2.40
Plan (STP)
Hindustan Petroleum Corporation Ltd. 3.57 Power 5.54
Indian Oil Corporation Ltd. 3.36 Jyoti Structures Ltd. 2.28 Pesticides 2.29
Plans / Options & NAV (as on April 29, 2009) Reliance Infrastructure Ltd. 2.11 United Phosphorus Ltd. 1.74
Dividend : 8.23 Banks 9.73 PTC India Ltd 1.16 Rallis India Ltd. 0.55
(Payout & Reinvestment) State Bank of India 1.49
Growth : 8.23
Bank of Baroda 1.45 Software 5.47 Auto Ancillaries 2.13
Benchmark : BSE 200 Oriental Bank of Commerce 1.33 Tata Consultancy Services Ltd. 2.84 Apollo Tyres Ltd. 2.13
Average AUM : Rs. 83.70 Crores ICICI Bank Ltd. 1.17 Infosys Technologies Ltd. 2.64
Bank of India 1.16 Industrial Products 2.07
Load Structure Punjab National Bank 1.12 Consumer Non Durables 4.98 FAG Bearings India Ltd. 1.40
Union Bank of India 1.11 Glaxosmithkline Consumer Healthcare Ltd. 4.97 Finolex Cables Ltd. 0.67
Entry Load : NA
Andhra Bank 0.91 Zydus Wellness Ltd. 0.01
Exit Load : Nil Paper 1.57
Investors offering units for
repurchase before maturity of the Pharmaceuticals 7.63 Non - Ferrous Metals 4.96 Tamil Nadu Newsprint & Papers Ltd. 1.57
scheme / conversion of scheme into Pfizer Ltd. 4.19 Hindustan Zinc Ltd 2.78
open ended scheme will be charged
Aventis Pharma Ltd. 2.84 Sterlite Industries (India) Ltd. 1.34 Chemicals 1.12
balance proportionate unamortized
issue expenses on the applicable Dishman Pharmaceuticals & Chemicals Ltd. 0.60 Hindalco Industries Ltd. 0.85 Gujarat Alkalies & Chemicals Ltd. 1.12
NAV.
Oil 7.28 Construction 3.50 Cement 0.88
Other Parameter
Standard Deviation : 30.62% Oil & Natural Gas Corporation Ltd. 5.45 Nagarjuna Construction Company Ltd. 1.86 Kesoram Industries Ltd. 0.88
Sharpe Ratio## : -0.76 Great Offshore Ltd. 1.82 JMC Projects (India) Ltd 1.21
Beta : 0.63 IVRCL Infrastructures & Projects Ltd. 0.44 Cash & Cash Equivalents 4.28
Annual Portfolio Fertilisers 7.09
Chambal Fertilisers & Chemicals Ltd. 2.44 Ferrous Metals 3.03 Net receivables / payables 5.28
Coromandel Fertilisers Ltd. 2.34 Maharashtra Seamless Ltd. 2.05
Tata Chemicals Ltd. 2.31 JSW Steel Ltd. 0.98 Total Net Assets 100.00
Industrial Capital Goods 5.58 Gas 2.59

Bharat Electronics Ltd. 3.67 Indraprastha Gas Ltd. 2.59
Note:
26
M a y 2 0 0 9
Birla Sun Life '95 Fund

Investment Style
An open-ended balanced scheme with the objective of long term growth of capital and current income, through a portfolio of equity and fixed
Value Blend Growth Size income securities
Large
Investment Performance Rating Profile
Mid
25 22.40
Small 20
70.02%
15.51 Other
15
10.54
10
18.62%
Fund Details 5 3.38 2.60 AAA
1 Year
% Returns
0
3 Years 5 Years Since Inception
Fund Manager : Mr. A. Balasubramaniam -5 AA 5.87%
Managing Fund Since : November 30, 2007 -10
-15
Date of inception : February 10, 1995 Sovereign 3.34%
-20
Nature of the scheme : An Open-ended Balanced Scheme -19.05 -19.83
-25 Birla Sun Life 95 Fund - Growth Crisil Balanced Fund Index
Cash & Current Assets 2.15%
Key Features Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
Default option : Dividend Reinvestment 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
issued
Systematic Investment : Available Portfolio & Asset Allocation
Plan (SIP)
Systematic Withdrawal : Available Issuer % to Net Rating Issuer % to Net Rating
Plan (SWP) Assets Assets
Systematic Transfer : Available PSU/PFI Bonds/Banks 24.49 Power 2.49
Plan (STP) Power Finance Corporation Ltd. ** 7.26 AAA Jyoti Structures Ltd. 1.04
Indian Railway Finance Corporation Ltd. ** 7.14 AAA GVK Power & Infrastructure Ltd. 0.98
IDBI Bank Ltd. ** 5.87 AA+ KEC International Ltd. 0.47
Plans / Options & NAV (as on April 29, 2009) ICICI Bank Ltd. ** 4.22 AAA
Dividend : 77.66 Pharmaceuticals 2.42
Consumer Non Durables 10.41 Dr. Reddy's Laboratories Ltd. 1.60
ITC Ltd. 5.11 Aventis Pharma Ltd. 0.81
Growth : 177.26 Nestle India Ltd. 2.81
Colgate-Palmolive (India) Ltd. 1.95 Gas 2.11
Benchmark : CRISIL Balanced Fund Index United Breweries Holdings Ltd. 0.53 Gujarat Gas Company Ltd. 2.11
Average AUM : Rs. 127.12 Crores Telecom-Services 8.47 Fertilisers 2.05
Reliance Communications Ltd. 4.67 Rashtriya Chemicals & Fertilizers Ltd. 2.05
Load Structure (Incl for SIP) Bharti Airtel Ltd. 3.80
Entry Load* : < Rs. 5 crores - 2.25% Construction Project 2.01
Pesticides 8.26 Larsen & Toubro Ltd. 2.01
³ Rs. 5 crores - Nil Rallis India Ltd. 8.26
Chemicals 1.30
Exit Load** : < Rs. 5 crores - 1% if redeemed Software 7.09 Gujarat Alkalies & Chemicals Ltd. 1.30
/ switched out within 12 months Wipro Ltd. 2.44 Non - Ferrous Metals 1.25
³ Rs. 5 crores - Nil Everonn Systems India Ltd. 1.21 Sterlite Industries (India) Ltd. 1.25
*For direct application: Entry Load is Nil.
**Exit / Entry Load is NIL for units issued Petroleum Products 5.97 Finance 1.02
in Bonus & Dividend Reinvestment. Reliance Industries Ltd. 3.43 Infrastructure Development Finance Company 1.02
Indian Oil Corporation Ltd. 2.53
Cement 1.02
Other Parameter Banks 4.33 Jaiprakash Associates Ltd. 0.79
Average Maturity : – Punjab National Bank 1.65 The India Cements Ltd. 0.22
Standard Deviation : 31.57% ICICI Bank Ltd. 1.38
Allahabad Bank 0.90 Diversified 0.86
Annual Portfolio Syndicate Bank 0.40 Bombay Burmah Trading Corporation Ltd. 0.45
Turnover ratio : 0.68 Aditya Birla Nuvo Ltd. 0.41
Government Bond 3.34
08.24 CGL 2027 3.34 Sovereign Auto 0.68
Bajaj Auto Ltd. 0.68
Retailing 2.88
Trent Ltd. 2.88 Media & Entertainment 0.38
ETC Networks Ltd. 0.38
Minerals/Mining 2.53 Magnasound India Ltd. ** #
Nava Bharat Ventures Ltd. 2.53
Cash & Current Assets 2.15
Bharat Heavy Electricals Ltd. 1.38 Total Net Assets 100.00
Siemens Ltd. 0.75
Bharati Shipyard Ltd. 0.38
#
Note:
Standard Deviation is calculated on annualised basis using 1 year history of monthly
returns, source: MFI Explorer
CRISIL~CPR 2^^ «
«
«
Birla Sun Life ‘95 Fund Birla Sun Life ‘95 Fund
Hybrid Equity - Oriented (18 Schemes), 2 years ended 31-Mar-09 Hybrid Equity-Oriented (25 Schemes),for 3 & 5 years periods ending 30-Apr-09
27
M a y 2 0 0 9
Birla Sun Life Freedom Fund*

Investment Style
An open-ended balanced scheme with an objective to balance income requirements with growth of capital through a balance mix of investments
Value Blend Growth Size in equity and debt at relatively moderate levels of risks through a diversified research based investment approach.
Large
Mid
15 12.74 11.77
Small 10.54
10
4.86 Cash & Current Assets 48.26%
5 2.60
1 Year
0
Fund Details 3 Years 5 Years Since Inception Other 34.21%
% Returns
-5
Fund Manager : Mr. Maneesh Dangi & Mr.Vineet -10 7.62%
-9.95 AA
Maloo
-15
Managing Fund Since : April 20, 2009
Total Experience : 6 years & 4 years -20 AAA 6.71%
-19.83
Nature of the scheme : An Open-ended Balanced Scheme Birla Sun Life Freedom Fund - Growth Crisil Balanced Fund Index Sovereign 3.20%
Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
Key Features 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
issued Portfolio & Asset Allocation
Plan (SIP) Issuer % to Net Rating Issuer % to Net Rating
Systematic Withdrawal : Available Assets Assets
Plan (SWP) PSU/PFI Bonds/Banks 14.33 Government Bond 3.20
Citibank N A ** 7.62 AA+ 07.61 Oil Comp GOI Bonds 2015 3.20 Sovereign
Systematic Transfer : Available Power Finance Corporation Ltd. ** 6.22 AAA
Plan (STP) HDFC Bank Ltd. ** 0.49 AAA Industrial Capital Goods 2.43
Bharat Heavy Electricals Ltd. 2.38
Banks 10.76 Siemens Ltd. 0.02
Plans / Options & NAV (as on April 29, 2009) State Bank of India 3.84 ABB Ltd. 0.02
Dividend : 19.25 ICICI Bank Ltd. 2.63 Suzlon Energy Ltd. 0.02
(Payout, Reinvestment & Sweep) HDFC Bank Ltd. 2.20
Growth : 28.96 Punjab National Bank 1.42 Finance 2.33
Axis Bank Ltd. 0.68 Housing Development Finance Corp. Ltd. 2.31
Reliance Capital Ltd. 0.02
Benchmark : CRISIL Balanced Fund Index Petroleum Products 9.88
Average AUM : Rs. 91.27 Crores Reliance Industries Ltd. 8.38 Ferrous Metals 1.84
Reliance Petroleum Ltd. 1.48 Steel Authority of India Ltd. 1.33
Bharat Petroleum Corporation Ltd. 0.02 Tata Steel Limited 0.51
Entry Load* : < Rs. 5 crores - 2.50% Telecom-Services 9.02 Consumer Non Durables 1.19
Bharti Airtel Ltd. 5.95 ITC Ltd. 1.19
³ Rs. 5 crores - Nil Reliance Communications Ltd. 1.85
Idea Cellular Ltd. 0.65 Gas 0.96
Exit Load** : < Rs. 5 crores - 1% if redeemed Tata Communications Limited. 0.56 GAIL (India) Ltd. 0.96
/ switched out within 12 months Oil 6.12 Non - Ferrous Metals 0.89
³ Rs. 5 crores - Nil Oil & Natural Gas Corporation Ltd. 5.47 Sterlite Industries (India) Ltd. 0.85
*For direct application: Entry Load is Nil. Cairn India Ltd. 0.65 National Aluminium Company Ltd. 0.02
**Exit / Entry Load is NIL for units issued Hindalco Industries Ltd. 0.02
in Bonus & Dividend Reinvestment. Auto 5.70
Hero Honda Motors Ltd. 1.54 Diversified 0.85
Maruti Suzuki India Ltd. 1.50 Hindustan Unilever Ltd. 0.85
Other Parameter Mahindra & Mahindra Ltd. 1.47
Average Maturity : – Tata Motors Ltd. 1.19 Pharmaceuticals 0.09
Standard Deviation : 23.28% Sun Pharmaceutical Industries Ltd. 0.04
Power 4.62 Cipla Ltd. 0.03
Annual Portfolio NTPC Ltd. 3.18 Ranbaxy Laboratories Ltd. 0.01
Turnover ratio : 1.56 Power Grid Corporation of (I) Ltd. 0.67
Tata Power Company Ltd. 0.40 Construction Project 0.09
Reliance Infrastructure Ltd. 0.32 Larsen & Toubro Ltd. 0.09
Reliance Power Ltd. 0.05
Construction 0.08
Cement 4.43 DLF Ltd. 0.07
Grasim Industries Ltd. 2.03 Unitech Ltd. 0.01
Ambuja Cements Ltd. 1.21
ACC Ltd. 1.19 Future and Options -31.18
CNX Nifty Futures May 2009 -31.18
Software 4.12
Infosys Technologies Ltd. 1.82 Cash & Current Assets 48.26
Tata Consultancy Services Ltd. 1.28
Wipro Ltd. 1.01 Total Net Assets 100.00
HCL Technologies Ltd. 0.01
Planetasia.Com Ltd #
** Represents thinly traded/ non traded securities & illiquid securities. Total Percentage of thinly/non traded securities is 14.33%.
#
*Name of scheme changed w.e.f April 20, 2009 erstwhile Birla Sun Life Balance
Note:
CRISIL~CPR 1^^ «
«
«
Birla Sun Life Freedom Fund Birla Sun Life Freedom Fund
Hybrid Equity - Oriented (18 Schemes), 2 years ended 31- Mar-09 Hybrid Equity-Oriented (25 Schemes),for 3 & 5 years periods ending 30-Apr-09
28
Birla Sun Life Monthly Income
M a y 2 0 0 9 An open-ended scheme. Monthly income is not assured and is subject
to availability of distributable surplus

Credit Quality An open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterly
Interest rate distributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of
High Mid Low sensitivity
distributable surplus
High
Mid Investment Performance Rating Profile

14
Low
11.97
12 58.12%
AAA
10
Fund Details 8.54 8.17
8 7.62 Equity 12.67%
6.63 6.83
% Returns
Fund Manager : Mr. A. Balasubramaniam 6
Managing Fund Since : November 30, 2007 Cash & Current Assets 10.52%
4
Total Experience : 18 years 3.15
Date of inception : July 14, 1999 2
Sovereign 10.51%
Nature of the scheme : An Open-ended Income Scheme
0
1 Year 3 Years 5 Years Since Inception
Key Features Birla Sun Life Monthly Income - Growth Crisil MIP Blended Index AA 8.18%
Default Plan / Option : Growth / Dividend Reinvestment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
For Monthly & Quarterly Dividend 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
For Growth Plan
Fresh Purchase : Rs. 5000/- Portfolio & Asset Allocation
Redemption Cheques : Within 10 working days Issuer % to Net Rating Issuer % to Net Rating
issued Assets Assets
Corporate Debt 39.98 KEC International Ltd. 0.64
Plans / Options & NAV (as on April 29, 2009) GE Capital Services India** 14.22 AAA ICICI Bank Ltd. 0.58
Monthly Dividend : 10.7674 Reliance Industries Ltd.** 13.69 AAA Allahabad Bank 0.53
Quarterly Dividend : 11.0272 Housing Development Finance Corporation Ltd.** 12.07 AAA Aventis Pharma Ltd. 0.53
(Payout & Reinvestment) State Bank of India 0.52
Growth : 30.2726 PSU/PFI Bonds/Banks 26.32 Kalpataru Power Transmission Ltd. 0.51
IDBI Bank Ltd.** 8.18 AA+ Rural Electrification Corporation Ltd. 0.50
Benchmark : CRISIL MIP Blended Index Power Finance Corporation Ltd.** 4.81 AAA Chambal Fertilisers & Chemicals Ltd. 0.48
Average AUM : Rs. 122.54 Crores Indian Railway Finance Corporation Ltd.** 4.16 AAA Taj GVK Hotels & Resorts Ltd. 0.44
ICICI Bank Ltd.** 4.06 AAA Gujarat Gas Company Ltd. 0.31
Load Structure
Indian Railway Finance Corporation Ltd.** 2.86 AAA ETC Networks Ltd. 0.19
Entry Load : Nil
Infrastructure Development Finance Company Ltd.** 1.75 AAA McDowell Holdings Ltd. 0.16
Exit Load** : 1% if redeemed / switched out LIC Housing Finance Ltd.** 0.42 AAA Rashtriya Chemicals & Fertilizers Ltd. 0.13
within 12 months from the date of
allotment Power Finance Corporation Ltd.** 0.08 AAA Magnasound India Ltd. ** #
**Exit / Entry Load is NIL for units issued
in Bonus & Dividend Reinvestment.
Equity 12.67 Government Bond 10.51
Other Parameter Rallis India Ltd. 1.24 08.24 CGL 2027 7.59 Sovereign
Average Maturity : 6.78 Years Hero Honda Motors Ltd. 1.11 05.87 CGL 2010 2.92 Sovereign
Yield to Maturity : 7.20%
(for Debt Component)
Wyeth Ltd. 1.03 Cash & Current Assets 10.52
Mark to Market : 77%
Nestle India Ltd. 0.97
Tata Motors Ltd. 0.93 Total Net Assets 100.00
Annual Portfolio
Tata Steel Limited 0.83
Turnover Ratio : 0.26
** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 66.30%
#
Note:
«
«
«
Birla Sun Life Monthly Income
Hybrid Monthly Income (32 Schemes),for 3 & 5 years periods ending 30-Apr-09
29
Birla Sun Life MIP

Credit Quality
The primary objective of the schemes is to generate regular income so as to make monthly distributions to unitholders with the secondary
Interest rate
High Mid Low sensitivity objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt
instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market
High conditions, invest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents while at the same
time maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.)
Mid
Low Investment Performance Rating Profile

12
10.17 AAA 63.57%
Fund Details 10
8 7.63 7.88 7.67 AA 16.04%

Fund Manager : Mr. A. Balasubramaniam
6.63 6.83
Managing Fund Since : November 30, 2007
6
% Returns
Total Experience : 18 years Equity 9.68%
Date of inception : November 20, 2000 4
3.15
Nature of the scheme : An Open-ended Income Scheme Sovereign 5.04%
2
Key Features
Future and Options 3.54%
Default option :
Dividend Reinvestment / Instant 0
Payment Birla Sun Life MIP - Growth Crisil MIP Bended Index
For Monthly Dividend / Payment Cash & Current Assets 2.13%
1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
For Growth
Additional Purchase : Rs. 1000/- Portfolio & Asset Allocation
issued Issuer % to Net Rating Issuer % to Net Rating
Assets Assets
Plans / Options & NAV (as on April 29, 2009) PSU/PFI Bonds/Banks 47.78 ITC Ltd. 1.09
Dividend : 10.9944
(Payout & Reinvestment) IDBI Bank Ltd. 15.27 AA+ Reliance Industries Ltd. 1.03
Monthly Payment / Growth : 22.6616
ICICI Bank Ltd. 8.90 AAA Indraprastha Gas Ltd. 1.03
(Instant / Deferred)
Power Finance Corporation Ltd. 6.78 AAA HDFC Bank Ltd. 1.01
Benchmark : CRISIL MIP Blended Index
Infrastructure Development Finance Company Ltd. 6.17 AAA Wyeth Ltd. 0.87
National Bank for Agriculture & Rural Development 5.31 AAA Aventis Pharma Ltd. 0.75
Load Structure
Power Grid Corporation of India Ltd. 4.62 AAA Cipla Ltd. 0.50
Entry Load : Nil
Power Finance Corporation Ltd. 0.49 AAA United Phosphorus Ltd. 0.41
Exit Load** : For Purchase / Switch in of units,
upto and including Rs. 1 crores in State Bank of India 0.25 AAA
value, an exit load of 0.60% is
payable if units are redeemed / Government Bond 5.04
switched out within 6 months from
the date of allotment. For Corporate Debt 31.83 08.24 CGL 2027 5.04 Sovereign
Purchase / Switch in of units,
Reliance Industries Ltd. 12.87 AAA
greater than Rs. 1 crores in value,
no exit load is payable. GE Capital Services India 10.34 AAA Future and Options 3.54
in Bonus & Dividend Reinvestment. Housing Development Finance Corporation Ltd. 7.85 AAA CNX Nifty Futures May 2009 3.54
Other Parameter Trent Ltd. 0.77 CARE AA

Average Maturity : 5.28 Years Cash & Current Assets 2.13
EQUITY 9.68
Mark to Market : 84% Rallis India Ltd. 1.50 Total Net Assets 100.00
Standard Deviation : 11.73% Pfizer Ltd. 1.49
Annual Portfolio
Note:
#
«
«
«
Birla Sun Life MIP
Hybrid Monthly Income (32 Schemes),for 3 & 5 years periods ending 30-Apr-09
30 (Past performance is no guarantee of future results.) for ranking methodology please refer page 48
Birla Sun Life MIP II - Wealth 25 Plan

Credit Quality An open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with
Interest rate the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus.
High
Mid
9
Low 8
7.98
7.65
AAA 36.95%
7 6.63
6
Equity 19.48%
Fund Details 5 4.66
% Returns
4 Cash & Current Assets 18.61%
3.15
Fund Manager : Mr. A. Balasubramaniam 3
Managing Fund Since : November 30, 2007 2 1.59 AA 11.65%
Total Experience : 18 years 1
Date of inception : May 22, 2004 Sovereign 10.03%
0
Nature of the scheme : An Open-ended Income Scheme 1 Year 3 Years Since Inception
Birla Sun Life MIP II - Wealth 25 - Growth Crisil MIP Bended Index
Future and Options 3.28%
Key Features Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
Default option : Dividend Reinvestment 1 year & CAGR for period 1 year or more.
For Monthly Dividend / Payment
For Growth Portfolio & Asset Allocation
Additional Purchase : Rs. 1000/- Issuer % to Net Rating Issuer % to Net Rating
Redemption Cheques : Within 10 working days Assets Assets
issued PSU/PFI Bonds/Banks 29.39 Shree Cements Ltd. 0.52
IDBI Bank Ltd.** 11.65 AA+ Hindustan Zinc Ltd 0.48
Dividend : 10.4647 Power Finance Corporation Ltd.** 10.41 AAA Shaw Wallace & Company Ltd. 0.27
(Payout & Reinvestment) National Bank for Agriculture & Rural Development** 7.33 AAA United Breweries Ltd. 0.23
Growth / Payment : 14.6108
Benchmark : CRISIL MIP Blended Index EQUITY 19.48 Corporate Debt 19.21
Average AUM : Rs. 56.73 Crores Reliance Industries Ltd.** 9.88 AAA
Rallis India Ltd. 2.49
Load Structure Novartis India Ltd. 1.91 Housing Development Finance Corp Ltd** 9.33 AAA
Entry Load : Nil Reliance Industries Ltd. 1.78
Exit Load** : 1% if redeemed / switched out Bharat Electronics Ltd. 1.63 Government Bond 10.03
within 12 months from the date of
allotment Pfizer Ltd. 1.59 08.24 CGL 2027 6.76 Sovereign
**Exit / Entry Load is NIL for units issued Nava Bharat Ventures Ltd. 1.50 07.61 OIL COMP GOI BONDS 2015 3.27 Sovereign
Other Parameter HDFC Bank Ltd. 1.09 Future and Options 3.28
Average Maturity : 5.52 Years
ITC Ltd. 1.00 CNX Nifty Futures MAY 2009 3.28
(for Debt Component) Tata Chemicals Ltd. 0.75
Mark to Market : 58% Simplex Infrastructures Ltd. 0.72 Cash & Current Assets 18.61
Standard Deviation : 17.75% ICICI Bank Ltd. 0.65
Annual Portfolio Bharti Airtel Ltd. 0.62 Total Net Assets 100.00
Sun Pharmaceutical Industries Ltd. 0.56
Allahabad Bank 0.55
Note:
31
Birla Sun Life MIP II - Savings 5 Plan

Credit Quality An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders
Interest rate with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus.
High
Mid
20
18.48
Low 18
16
AAA 67.36%
14
12 11.62
Fund Details
10
% Returns
8.98 AA 14.58%
8 7.65
Fund Manager : Mr. A. Balasubramaniam 6.63
6
4 3.15 11.17%
Total Experience : 18 years Cash & Current Assets
Date of inception : May 22, 2004 2
Nature of the scheme : An Open-ended Income Scheme 0

1 Year 3 Years Since Inception
Equity 6.88%
Birla Sun Life MIP II - Savings 5 - Growth Crisil MIP Bended Index
Key Features Past performance may or may not be sustained in future. Returns are in % and absolute returns for
Default option : Growth / Dividend Reinvestment period less than 1 year & CAGR for period 1 year or more.
For Monthly Dividend / Payment
For Growth Portfolio & Asset Allocation
Redemption Cheques : Within 10 working days Assets Assets
issued Corporate Debt 49.49 ICICI Bank Ltd. 0.71
Systematic Investment : Available LIC Housing Finance Ltd. ** 15.59 AAA State Bank of India 0.63
Plan (SIP) Cummins India Ltd. 0.60
Tata Sons Ltd. ** 14.88 AAA
Reliance Industries Ltd. ** 13.87 AAA Glaxosmithkline Pharmaceuticals Ltd. 0.58
Plan (SWP)
Systematic Transfer : Available Housing Development Finance Corporation Ltd. ** 5.14 AAA Rural Electrification Corporation Ltd. 0.58
Plan (STP) Tata Steel Limited 0.57
PSU/PFI Bonds/Banks 16.54 Indian Hotels Co. Ltd. 0.52
Plans / Options & NAV (as on April 29, 2009) Taj GVK Hotels & Resorts Ltd. 0.19
IDBI Bank Ltd. ** 14.58 AA+
Monthly Dividend : 11.0971
(Payout & Reinvestment) Power Finance Corporation Ltd. ** 1.96 AAA
Monthly Payment / Growth : 15.2952 Money Market Instruments 2.45
Securitised Debt 13.47 Tata Capital Ltd. 2.45 A1+
Benchmark : CRISIL MIP Blended Index
Vodafone Essar Digilink Ltd. ** 13.47 F1+(SO)
Load Structure (Incl. for SIP) EQUITY 6.88
Entry Load : Nil BEML LIMITED 1.54 Total Net Assets 100.00
Exit Load** : For Purchase / Switch in of units, Indraprastha Gas Ltd. 0.95
upto and including Rs. 1 crores in
value, an exit load of 1% is ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 79.50%.
payable if units are redeemed /
switched out within 1 year from
the date of allotment. For
Purchase / Switch in of units,
greater than Rs. 1 crores in value,
no exit load is payable.
Other Parameter
Turnover ratio : -
Note:
CRISIL~CPR 1^^ i
i
i
iValue Research Rating#
i
Birla Sun Life MIP II Savings 5 Plan Birla Sun Life MIP II Savings 5 Plan
MIP Conservative schemes (9 Schemes), 2 years ended 31-Mar-09 Hybrid: Monthly Income (32 Schemes),for 3 & 5 years periods ended 30-Apr-09
32
M a y 2 0 0 9
Birla Sun Life Asset Allocation Fund

Credit Quality An open-ended Fund of Funds scheme with the objective to provide income and capital appreciation along with diversification by investing in a
Interest rate basket of debt and equity Mutual Fund schemes in line with the risk profile of the investors.
High
Investment Performance - Aggressive Plan Investment Performance - Moderate Plan
Mid
20 15 12.96
14.88 14.10 12.58
14.23 13.55 10.54 10.32
Low 10
10
5 4.77
2.94 2.60
1 Year 1 Year
0
% Returns
5 Years 0
% Returns
Since Inception
Fund Details 3 Years -0.79 3 Years 5 Years Since Inception
-5
-10
Fund Manager : Mr. Ajay Garg & -10
-16.09 -10.63
Mr. Satyabrata Mohanty -20
-15
Managing Fund Since : February 19, 2007
Total Experience : 18 years & 10 years -30 -20
-19.83
Date of inception : February 24, 2004 -32.83
-25
Nature of the scheme : An Open-ended Fund of Funds -40 Birla Sun Life AAF Aggressive Plan - Growth S & P CNX Nifty Birla Sun Life AAF Moderate Plan - Growth Crisil Balanced Fund Index
Scheme Past performance may or may not be sustained in future. Returns are in % and absolute returns for Past performance may or may not be sustained in future. Returns are in % and absolute returns for
period less than 1 year & CAGR for period 1 year or more. period less than 1 year & CAGR for period 1 year or more.
Key Features
Additional Purchase : Rs. 1000/- Investment Performance - Conservative Plan
issued 12
10.13 10.08
Plans / Options & NAV (as on April 29, 2009) 10
Aggressive Plan 7.67
8
Dividend : 19.9249 6.90
% Returns
6.63 6.83
(Payout & Reinvestment) 6
Growth : 19.9249
Conservative Plan 4
3.15
Dividend : 16.4436 2.21
Growth : 16.4436
0
Moderate Plan 1 Year 3 Years 5 Years Since Inception
Dividend : 18.4787 Birla Sun Life AAF Conservative Plan - Growth Crisil MIP Blended Index
Past performance may or may not be sustained in future. Returns are in % and absolute returns for
Growth : 18.4787 period less than 1 year & CAGR for period 1 year or more.
Benchmark
Aggressive Plan : S&P CNX NIFTY
Moderate Plan : CRISIL Balanced Fund Index
Conservative Plan : CRISIL MIP Blended Index Portfolio & Asset Allocation - Aggressive Plan Portfolio & Asset Allocation - Moderate Plan
Average AUM
Aggressive Plan : Rs. 6.92 Crores Issuer % to Net Assets Issuer % to Net Assets
Conservative Plan : Rs. 4.63 Crores Mutual Fund Units 98.36 Mutual Fund Units 96.50
Moderate Plan : Rs. 4.44 Crores Birla Sun Life Index Fund 16.30 Birla Sun Life Dynamic Bond Fund 30.16
Birla Sun Life Advantage Fund 15.68 Birla Sun Life Index Fund 19.31
Load Structure Birla Sun Life MNC Plan 15.39 Birla Sun Life Midcap Fund 15.10
Birla Sun Life Midcap Fund 15.01
Entry Load Birla Sun Life India Opportunities Fund 14.04 Birla Sun Life Advantage Fund 9.32
Aggressive Plan : 1.50% Birla Sun Life Dynamic Bond Fund 10.18 Birla Sun Life MNC Plan 6.39
Moderate Plan : 1.00% Birla Sun Life Income Fund - Growth 6.27 Birla Sun Life India Opportunities Fund 5.84
Birla Sun Life Short Term Fund - Growth 4.40 Birla Sun Life Income Fund - Growth 5.51
Conservative Plan : 1.00% Birla Sun Life Gilt Plus PF Plan 1.09 Birla Sun Life Short Term Fund - Growth 4.87
Birla Sun Life Gilt Plus Liquid Plan #
Exit Load : Nil Cash & Cash Equivalents 3.51
Net receivables / payables -1.87 Cash & Cash Equivalents 3.50

Other Parameter
Standard Deviation Total Net Assets 100.00 Total Net Assets 100.00
Aggressive Plan : 22.84% #
Conservative Plan : 5.96%
Moderate Plan : 15.52%
Portfolio & Asset Allocation - Conservative Plan
Issuer % to Net Assets

Mutual Fund Units 96.67
Birla Sun Life Short Term Fund - Growth 33.55
Birla Sun Life Dynamic Bond Fund 30.29
Birla Sun Life Income Fund - Growth 8.95
Birla Sun Life Index Fund 6.89
Birla Sun Life MNC Plan 5.37
Birla Sun Life India Opportunities Fund 4.89
Birla Sun Life Advantage Fund 4.00
Note: Birla Sun Life Midcap Fund 2.73
«
«
«
«Value Research Rating# Winner of &
Best Fund - 3 yrs performance Lipper Awards India 2009
Birla Sun Life AAF - Aggressive Birla Sun Life Asset Allocation Fund - Growth
Equity Diversified(142 Schemes),for 3 & 5 years periods ended 30-Apr-09 9
Mixed Asset INR Balanced, (7 schemes) 3 Yrs Performance (2005-2008)
33
M a y 2 0 0 9
Birla Sun Life Cash Plus
Investment Style Box Investment Objective

Credit Quality
An open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious
Interest Rate
High Med Low Sensitivity investments in high quality debt and money market instruments.
High
Mid
12
Low 10.20
10
8.44 AAA 63.61%
7.92
8 7.52
Fund Details
5.78
% Returns
6 5.18 Cash & Current Assets 23.24%
4.94
Fund Manager : Mr. Satyabrata Mohanty & 4
Mr. Maneesh Dangi
Managing Fund Since : November 30, 2007 2 Sovereign 10.64%
Total Experience : 10 years & 6 years
Date of inception : June 16, 1997 0
15 days 1 Month 3 Months Since Inception
Nature of the scheme : An Open-ended Liquid Scheme AA 2.51%
Birla Sun Life Cash Plus - Retail - Growth CRISIL Liquid Fund Index
Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1
Key Features year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Default option : Appln of less than Rs. 1 cr - Retail
Plan - Dividend Reinvestment
Appln of equal to or greater than
Rs. 1 cr but less than Rs. 5 cr - Portfolio & Asset Allocation
Institutional Plan - Daily Dividend
Reinvestment Issuer % to Net Rating Issuer % to Net Rating
Appln of equal to or greater than Assets Assets
Rs. 5 cr - Institutional Premium Money Market Instruments 47.57 CitiFinancial Consumer Finance India Ltd. 1.26 AA
Plan - Daily Dividend ICICI Bank Ltd. 7.35 A1+ LIC Housing Finance Ltd. 0.80 AAA
Reinvestment CitiBank N.A. 5.19 P1+ Tata Sons Ltd. 0.79 AAA
Retail Plan ONGC Vidhesh Ltd 4.83 P1+(SO) Global Trade Finance Ltd. 0.79 A1+
UCO Bank Ltd. 4.61 P1+ Housing Development Finance Corporation Ltd. 0.70 LAAA
Bank Of India 2.53 P1+ Gruh Finance Ltd 0.52 LAA+
Institutional Plan
Fresh Purchase : Rs. 1 Crore Corporation Bank 2.50 P1+ LIC Housing Finance Ltd. 0.42 AAA
Additional Purchase : Rs. 1 Lac Federal Bank Ltd. 2.20 P1+ Axis Bank Ltd. 0.41 LAA+
Institutional Premium Plan Rural Electrification Corporation Ltd. 2.06 A1+ ICICI Bank Ltd. 0.35 AAA
Fresh Purchase : Rs. 5 Crore Vijaya Bank 2.06 PR1+ Power Finance Corporation Limited 0.31 AAA
Additional Purchase : Rs. 1 Lac Karnataka Bank Ltd. 1.54 A1+ Hero Honda Finlease Ltd. 0.26 P1+
Redemption Cheques : Within 10 working days Union Bank of India 1.18 A1+ Indian Railway Finance Corporation Ltd. 0.26 AAA
issued State Bank of Indore 1.05 P1+ Infrastructure Development Finance Company Ltd. 0.21 AAA
Systematic Investment : Not Available
The Jammu and Kashmir Bank Ltd. 1.04 P1+ Sundaram Finance Ltd. 0.08 LAA+
Plan (SIP)
Indian Bank 0.87 F1+ Union Bank of India 0.05 AA+
Plan (SWP) Allahabad Bank 0.85 A1+
Systematic Transfer : Available United Bank Of India 0.78 A1+ Treasury Bills 10.64
Plan (STP) State Bank of Patiala 0.74 A1+ 91 Days T-Bill Mat 15-May-09 2.10 Sovereign
Canara Bank 0.73 P1+ 182 Days T-Bill Mat 29-May-09 2.09 Sovereign
Plans / Options & NAV (as on April 29, 2009) Allahabad Bank 0.65 P1+ 91 Days T-Bill Mat 08-May-09 2.05 Sovereign
Retail Plan Tata Capital Ltd. 0.63 A1+ 91 Days T-Bill Mat 01-May-09 1.31 Sovereign
Growth : 23.6590 ABN AMRO Bank 0.54 A1+ 182 Days T-Bill Mat 15-May-09 1.05 Sovereign
Daily Dividend : 16.3694 Small Industries Development bank of India 0.52 PR1+ 91 Days T - Bill Mat 29-May-09 1.05 Sovereign
(Reinvestment)
Punjab National Bank 0.51 PR1+ 91 Days T - Bill Mat 12-Jun-09 0.73 Sovereign
Institutional Plan
Growth : 23.9522 Yes Bank Ltd. 0.47 A1+ 91 Days T - Bill Mat 05-Jun-09 0.26 Sovereign
Daily Dividend : 10.8023 ICICI Home Finance Company Ltd. 0.46 A1+
(Reinvestment) Mahindra & Mahindra Financial Services Ltd. 0.37 P1+ Securitised Debt 3.82
Fortnightly Dividend : 10.8289 ICICI Securities Ltd. 0.26 P1+ Hindustan Petroleum Corporation Ltd.** 3.11 A1+(SO)
(Payout & Reinvestment) Larsen & Toubro Finance Ltd. 0.22 PR1+ Bennett, Coleman & Co Ltd.** 0.53 P1+(SO)
Weekly Dividend : 10.8147
State Bank of Travancore 0.20 P1+ Hindustan Petroleum Corporation Ltd.** 0.13 P1+(SO)
Institutional Premium Plan Reliance Capital Ltd. 0.16 A1+ Vodafone Essar Cellular Ltd.** 0.05 F1+(SO)
Growth : 14.1332 Vijaya Bank 0.16 P1+
Daily Dividend : 10.0195 State Bank of Bikaner and Jaipur 0.15 A1+ Corporate Debt 1.88
(Payout & Reinvestment) GE Capital Services India 0.10 P1+ Piramal Healthcare Ltd.** 1.05 A1+
Fortnightly Dividend : 10.0000 IDBI Bank LTD. 0.05 A1+ Housing Development Finance Corporation Ltd.** 0.65 AAA
Oriental Bank Of Commerce 0.01 P1+ Kotak Mahindra Prime Ltd.** 0.16 LAA
(Payout & Reinvestment) Export-Import Bank of India 0.01 A1+ Sundaram Finance Ltd.** 0.03 CARE AA+
(Payout & Reinvestment) Floating Rate Instruments 12.85 Cash & Current Assets 23.24
Housing Development Finance Corporation Ltd. 3.52 AAA
Benchmark : CRISIL Liquid Fund Index Infrastructure Development Finance Company Ltd. 2.12 LAAA Total Net Assets 100.00
** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 5.71 %.
Load Structure
Entry Load : Nil
Exit Load : Nil
Other Parameter
Mark to Market : -
Standard Deviation
Retail Plan : 0.43%
Institutional Plan : 0.39% #
CRISIL~CPR 1^^
Institutional Premium Plan : 0.38% i
i
i
ii
Value Research Rating
Birla Sun Life Cash Plus - Institutional Premium Plan Birla Sun Life Cash Plus - Retail Plan
Debt: Ultra Short Term Inst. Prem. Schemes (46 Schemes), 18 months & 3 years ended 30-Apr-09 Consistent CPR Performer - Liquid (15 Schemes) , 5 Yrs ended 31-Mar-09
Note:
Standard Deviation is calculated on annualised basis using 1 year history of monthly (Past performance is no guarantee of future results.) for ranking methodology please refer page 48
+The grading has been assigned by ICRA and indicates highest quality. The investment quality is similar to that of fixed income obligations of highest safety and with maturity
34 corresponding upto 1 year. This grading should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns.
M a y 2 0 0 9
Birla Sun Life Cash Manager

Credit Quality
An open-ended liquid scheme with the objective to provide current income which is consistent with a portfolio that offers investors superior
Interest Rate
High Med Low Sensitivity liquidity by investing 100% in a diversified portfolio of debt (Fixed Income) and money market securities.
High
Low 12
10.20
10
8.44
7.92 AAA 88.04%
8
Fund Details 7.28
% Returns
6.50
6 5.40 5.57
Fund Manager : Mr. Satyabrata Mohanty &
Mr. Maneesh Dangi 4
2
Total Experience : 10 years & 6 years
Cash & Current Assets 11.96%
Date of inception : May 14, 1998 0
Nature of the scheme : An Open-ended Liquid Scheme
Birla Sun Life Cash Manager CRISIL Liquid Fund Index
Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than
Key Features 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown.
Default option : Appln of less than Rs. 1 cr -
Weekly Dividend Reinvestment.
Rs. 1 cr - Institutional Plan - Daily Portfolio & Asset Allocation
Dividend Reinvestment
Retail Plan Issuer % to Net Rating Issuer % to Net Rating
Fresh Purchase : Rs. 10000/- Assets Assets
Money Market Instruments 88.04 Axis Bank Ltd. 0.48 P1+
Institutional Plan
Fresh Purchase : Rs. 1 Crore Indian Bank 20.55 F1+ Export-Import Bank of India 0.20 AAA
Additional Purchase : Rs. 1 Lac State Bank of Indore 20.35 P1+ Bank of India 0.19 P1+
Federal Bank Ltd. 17.64 P1+
issued
Systematic Investment : Not Available ICICI Bank Ltd. 14.25 A1+ Cash & Current Assets 11.96
Plan (SIP) UCO Bank 4.47 P1+
Systematic Withdrawal : Available State Bank of Patiala 3.79 P1+ Total Net Assets 100.00
Plan (SWP)
Vijaya Bank 3.18 P1+
Plan (STP) Allahabad Bank 2.94 A1+

Retail Plan
Growth : 21.6150
(Reinvestment)
Institutional Plan
Growth : 14.7669
Daily Dividend : 10.0030
(Reinvestment)
(Reinvestment)
Benchmark : CRISIL Liquid Fund Index

Load Structure
Entry Load : Nil
Exit Load : Nil
Other Parameter
Mark to Market : -
Standard Deviation
Retail Plan : 0.36%
Institutional Plan : 0.35%
#
i
i
ii
Value Research Rating
Birla Sun Life Cash Manager
Note: Debt: Ultra Short Term (40 Schemes), 18 months & 3 years ended 30-Apr-09
Standard Deviation is calculated on annualised basis using 1 year history of
monthly returns, source: MFI Explorer
(Past performance is no guarantee of future results.) for ranking methodology please refer page 48 35
M a y 2 0 0 9
Birla Sun Life Savings Fund*

Credit Quality
The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe
Interest Rate
High Med Low Sensitivity generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will
High undernormal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.
Mid
Low
12
11.03
10 AAA 70.18%
8.55 8.41
Fund Details 8
7.95
6.82 6.50 6.92
15.70%
Fund Manager : Mr. Satyabrata Mohanty & Cash & Current Assets
% Returns
6
Mr. Maneesh Dangi
Managing Fund Since : November 30, 2007 4
Total Experience : 10 years & 6 years Sovereign 10.82%
2
Date of inception
Retail Plan : November 27, 2001 0
Institutional Plan : April 16, 2003 1 Year 3 Years 5 Years Since Inception
AA 3.30%
Nature of the scheme : An Open-ended Short Term Birla Sun Life Savings Fund - Retail Growth CRISIL Short-Term Bond Fund Index
Income Scheme Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.
Key Features
Default option : Appln of less than Rs. 1 cr - Retail
Plan - Weekly Dividend Portfolio & Asset Allocation
Reinvestment
Appln of equal to or greater than Issuer % to Net Rating Issuer % to Net Rating
Rs. 1 cr - Institutional Plan - Daily Assets Assets
Dividend Reinvestment Money Market Instruments 54.16 Hindustan Petroleum Corporation Ltd. ** 1.88 A1+(SO)
Retail Plan ICICI Bank Ltd. 7.78 A1+ Power Finance Corporation Ltd. ** 1.36 AAA(SO)
Fresh Purchase : Rs. 10000/- Punjab National Bank 7.44 PR1+ Vodafone Essar Digilink Ltd. ** 1.07 F1+(SO)
Allahabad Bank 4.38 A1+ Vodafone Essar Cellular Ltd ** 0.68 F1+(SO)
Additional Purchase : Rs. 1000/- North Delhi Power Limited. ** 0.27 A1+(SO)
Canara Bank 2.71 P1+
Institutional Plan Bank of India 2.35 P1+ Hindustan Petroleum Corporation Ltd. ** 0.19 P1+(SO)
Fresh Purchase : Rs. 1 Crore Bank of Baroda 2.17 A1+ NTPC Ltd. ** 0.03 AAA(SO)
Additional Purchase : Rs. 1 Lac Housing Development Finance Corporation Ltd. 2.05 A1+ Indian Retail Absolute Trust. ** 0.02 AAA(SO)
Redemption Cheques : Within 10 working days UCO Bank 1.95 P1+ Wockhardt Ltd. ** 0.02 F5(SO)
issued IDBI Bank Ltd. 1.93 P1+ Larsen & Tourbo Finance Ltd. ** 0.01 P1+(SO)
Corporation Bank 1.91 P1+
Systematic Investment : Available Corporate Debt 6.11
State Bank of Indore 1.83 P1+
Plan (SIP) Indian Bank 1.78 F1+ Housing Development Finance Corporation Ltd. ** 1.72 AAA
Systematic Withdrawal : Available The Jammu And Kashmir Bank Ltd 1.58 P1+ Tata Sons Ltd. ** 1.63 AAA
Plan (SWP) Andhra Bank 1.57 PR1+ Housing Development Finance Corporation Ltd. ** 1.00 AAA
Systematic Transfer : Available Canara Bank 1.45 A1+ TRIL Infopark Ltd. ** 0.54 PR1+
Reliance Capital Ltd. 1.42 A1+ CitiFinancial Consumer Finance India Ltd. ** 0.49 AA
Plan (STP) Kotak Mahindra Prime Ltd. ** 0.34 LAA
Reliance Communication Ltd. 1.26 A1+
Syndicate Bank 1.13 PR1+ Sundaram Finance Ltd. ** 0.18 AA+
Plans / Options & NAV (as on April 29, 2009) State Bank of Patiala 1.08 P1+ Sundaram Finance Ltd. ** 0.11 LAA+
Retail Plan Standard Chartered Bank 1.01 P1+ GE Money Financial Services Ltd. ** 0.03 AAA
Growth : 16.4375 LIC Housing Finance Ltd. 0.76 P1+ GE Capital Services India. ** 0.03 AAA
Daily Dividend : 10.0068 Union Bank of India 0.52 P1+ ICICI Home Finance Company Ltd. ** 0.03 LAAA
Bank of Baroda 0.51 P1+ Cholamandalam DBS Finance Ltd. ** 0.01 AA-
(Reinvestment)
Yes Bank Limited 0.48 A1+
Weekly Dividend : 10.0121 State Bank of Hyderabad 0.46 A1+ Floating Rate Instruments 4.63
(Payout & Reinvestment) State Bank of Travancore 0.38 P1+ Housing Development Finance Corporation Ltd. 1.63 AAA
Fortnightly Dividend : 11.1628 Andhra Bank 0.36 F1+ Ultratech Cement Ltd. 0.80 AAA
(Payout & Reinvestment) Indiabulls Financial Services Ltd. 0.27 P1+ TATA Steel Ltd. 0.80 AA
Monthly Dividend : 10.1522 Export-Import Bank of India 0.25 A1+ CitiFinancial Consumer Finance India Ltd 0.54 AA
(Payout & Reinvestment) Mahindra & Mahindra Financial Services Ltd. 0.20 P1+ Housing Development Finance Corporation Ltd 0.52 LAAA
Institutional Plan Infrastructure Development Finance company Ltd. 0.17 A1+ ICICI Bank Ltd. 0.13 AAA
Growth : 16.7138 Federal Bank Ltd. 0.16 P1+ Indian Railway Finance Corporation Ltd. 0.12 AAA
Tata Capital Ltd. 0.15 A1+ Tata Sons Ltd. 0.08 AAA
Daily Dividend : 10.0068 Larsen & Tourbo Finance Ltd. 0.14 PR1+ Indian Retail Absolute Trust 0.01 AAA(SO)
(Reinvestment) Punjab National Bank 0.13 F1+
Weekly Dividend : 10.0126 Oriental Bank of Commerce 0.13 P1+ PSU/PFI Bonds/Banks 1.01
(Payout & Reinvestment) ABN AMRO Bank 0.10 A1+ IDBI Bank Ltd. ** 0.80 AA+
Fortnightly Dividend : 10.7254 Export-Import Bank of India 0.06 AAA NABARD ** 0.14 AAA
(Payout & Reinvestment) Union Bank of India 0.05 A1+ Power Finance Corporation Ltd. ** 0.03 AAA
Monthly Dividend : 10.1652 ICICI Home Finance Company Ltd. 0.04 A1+ IDFC Ltd. ** 0.03 AAA
(Payout & Reinvestment) IDBI Bank Ltd. 0.03 A1+ Rural Electrification Corporation Ltd. ** # AAA
Standard Chartered Investment & Loans (India) Ltd. 0.02 P1+
Government Bond 0.03
Benchmark : CRISIL Short-Term Bond Fund Treasury Bills 10.79 05.87 CGL 2010 0.03 Sovereign
Index 91 Days T-Bill Mat 09-Jul-2009 10.39 Sovereign
Average AUM : Rs. 14521.62 Crores 91 Days T-Bill Mat 05-Jun-2009 0.13 Sovereign Cash & Current Assets 15.70
91 Days T-Bill Mat 19-Jun-2009 0.13 Sovereign
182 Days T-Bill Mat 22-Aug-2009 0.13 Sovereign Total Net Assets 100.00
Load Structure (Incl. for SIP)
Securitised Debt 7.57
Entry Load : Nil Bharat Petroleum Corporation Ltd. ** 2.04 P1+(SO)
Exit Load : Nil ** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage of thinly/non traded securities is 14.67 %.
#
Other Parameter
Average Maturity : 0.52 Years *Name of scheme changed w.e.f February 17, 2009 erstwhile Birla Sun Life Liquid Plus
Mark to Market : 5%
Standard Deviation CRISIL~CPR 2^^ i
i
i
Retail Plan : 0.40% Birla Sun Life Savings Fund - Institutional Plan Birla Sun Life Savings Fund - Retail Plan
Institutional Plan : 0.41% Ultra Short Term Debt Scheme - Institutional (18 Schemes), 1yr ended 31-Mar-09 Debt: Liquid Plus (24 Schemes), 18 months & 3 years ended 30-Apr-09
@
5-Star Award by ICRA i
i
i
iValue Research Rating
#
Birla Sun Life Savings Fund - Institutional Plan Birla Sun Life Savings Fund - Institutional Plan
Open Ended Liquid Plus - Institutional Plan (34 Schemes), 1 year ended 31-Dec-08 Debt: Liquid Plus Inst (23 Schemes), 18 months & 3 years ended 30-Apr-09
Note:
returns, source: MFI Explorer (Past performance is no guarantee of future results.) for ranking methodology please refer page 48
36
M a y 2 0 0 9
Birla Sun Life Short Term Fund

Credit Quality An open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a
Interest Rate
High Med Low Sensitivity diversified portfolio of debt and money market securities with relatively low levels of interest rate risk.
High

12
Low 11.03
10
8.56 8.41 AAA 68.07%
8.30
8
Fund Details 7.06
6.50
6.90
6.54
% Returns
6
Fund Manager : Mr. Satyabrata Mohanty &
Sovereign 17.86%
Mr. Maneesh Dangi 4
Total Experience : 10 years & 6 years 2
Date of inception : April 19, 2002
0 14.07%
Nature of the scheme : An Open-ended Short Term 1 Year 3 Years 5 Years Since Inception Cash & Current Assets
Income Scheme Birla Sun Life Short Term Fund - Retail Plan - Growth CRISIL Short-Term Bond Fund Index
Key Features Past performance may or may not be sustained in future. Returns are in % and absolute returns for
Default option : Appln of less than Rs. 2 cr - Retail period less than 1 year & CAGR for period 1 year or more.
Plan - Fortnightly Dividend
Reinvestment
Rs. 2 cr - Institutional Plan - Portfolio & Asset Allocation
Fortnightly Dividend
Reinvestment Issuer % to Net Rating Issuer % to Net Rating
Retail Plan Assets Assets
Money Market Instruments 68.07 IDBI Bank Ltd. 1.63 P1+
Additional Purchase : Rs. 1000/- State Bank of Travancore 7.91 P1+ State Bank of Indore 1.26 P1+
Institutional Plan State Bank of Patiala 6.54 P1+ State Bank of Bikaner and Jaipur 1.22 P1+
Fresh Purchase : Rs. 2 Crore State Bank of Hyderabad 5.78 A1+ Canara Bank 1.10 P1+
Redemption Cheques : Within 10 working days Canara Bank 5.07 P1+ Vijaya Bank 0.88 P1+
issued Oriental Bank of Commerce 4.71 P1+ State Bank of Bikaner and Jaipur 0.85 A1+
SIP : Available Union Bank of India 4.41 P1+ Andhra Bank 0.49 F1+
SWP : Available Punjab National Bank 4.08 PR1+ Punjab National Bank 0.43 F1+
STP : Available
State Bank of Mysore 4.08 A1+
Plans / Options & NAV (as on April 29, 2009) Syndicate Bank 3.28 PR1+ Treasury Bills 17.86
Retail Plan Allahabad Bank 2.92 A1+ 91 Days T-Bill Mat (09-Jul-2009) 17.86 Sovereign
Growth : 15.9889 Corporation Bank 2.60 P1+
(Reinvestment) Allahabad Bank 2.45 P1+ Cash & Current Assets 14.07
Fortnightly Dividend : 10.2111 Vijaya Bank 2.45 PR1+
(Payout & Reinvestment) Bank of Baroda 2.04 P1+ Total Net Assets 100.00
Indian Bank 1.88 F1+
Institutional Plan
Growth : 10.4861
(Reinvestment)
Fortnightly Dividend : 10.1148
Benchmark : CRISIL Short-Term Bond Fund
Index

Entry Load : Nil
Exit Load** : Nil

Other Parameter
Mark to Market : -
&&
CRISIL~CPR 1^^ CNBC TV-18 CRISIL AWARD 2008
Birla Sun Life Short Term Fund - Retail Plan Birla Sun Life Short Term Fund - Retail
Debt: Short Term Schemes (19 Schemes), 1 Yr ended 31-Mar-09 Category: Income – Short Term Funds
1 Yr Performance ended Dec 31, 08. Total Schemes in Category = 15
Note:
37
Birla Sun Life Dynamic
M a y 2 0 0 9
Bond Fund

Credit Quality
An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolio
Interest Rate
High Med Low Sensitivity by investing in high quality debt and money market instruments.
High

16
Low 14.32
14
12
10.30 10.58
85.66%
Fund Details 10
8.63
AAA
% Returns
8 7.21
Fund Manager : Mr. Maneesh Dangi 6.07
Managing Fund Since : September 12, 2007
Date of inception : September 27, 2004 2
Nature of the scheme : An Open-ended Income Scheme AA 3.10%
0
1 Year 3 Years Since Inception
Key Features Birla Sun Life DBF - Retail - Growth Crisil Composite Bond Fund Index
Default option : Quarterly Dividend Reinvestment Past performance may or may not be sustained in future. Returns are in % and absolute returns for
Retail Monthly Dividend Sweep Option period less than 1 year & CAGR for period 1 year or more.
Fresh Purchase : Rs. 5 lacs
For Other Option Portfolio & Asset Allocation
For Discipline Advantage : The sum of transfer amounts as Assets Assets
++
Plan per the frequency opted or
Money Market Instruments 51.63 Indian Railway Finance Corporation Ltd.** 2.65 AAA
Rs. 10,000/- whichever is greater.
Additional Purchase : Rs. 1000/- Punjab National Bank 10.77 PR1+ Rural Electrification Corporation Ltd.** 2.36 AAA
issued Canara Bank 9.13 P1+ Power Finance Corporation Ltd.** 2.25 AAA
Systematic Investment : Available State Bank of Indore 3.37 P1+ Indian Railways Finance Corporation Ltd.** 2.11 AAA
Plan (SIP)
Systematic Withdrawal : Available Oriental Bank of Commerce 3.32 P1+ National Bank for Agriculture & Rural Development** 1.31 AAA
Plan (SWP)
Systematic Transfer : Not Available Allahabad Bank 2.90 A1+ National Housing Bank** 1.19 AAA
Plan (STP) IDBI Bank Ltd. 2.67 P1+ Indian Railway Finance Corporation Ltd.** 1.16 AAA
Plans / Options & NAV (as on April 29, 2009) Dena Bank 2.66 P1+ Export-Import Bank of India** 1.13 AAA
Retail Growth : 14.6188
Allahabad Bank 2.28 P1+ Power Finance Corporation Ltd.** 0.42 AAA
Retail Quarterly Dividend : 11.1447
(Payout / Reinvestment) State Bank of Hyderabad 2.27 A1+ National Bank for Agriculture & Rural Development** 0.15 AAA
Retail Monthly Dividend : 10.4155
(Payout / Reinvestment) Export-Import Bank of India 2.01 A1+ NHPC Ltd.** 0.14 AA+
Retail Monthly Dividend
sweep option also available Punjab and Sindh Bank 2.01 P1+ Infrastructure Development Finance Company Ltd.** 0.09 AAA
(w.e.f Jan 12, 2009) Corporation Bank 1.75 P1+
Discipline Advantage Plan : 10.1124
(w.e.f Mar 30, 2009)++ Indian Bank 1.35 F1+ Corporate Debt 15.13
Benchmark : CRISIL Composite Bond Fund UCO Bank 1.34 P1+ Housing Development Finance Corporation Ltd.** 6.68 AAA
Index State Bank of Patiala 1.09 P1+ Reliance Industries Ltd.** 4.37 AAA
Syndicate Bank 1.09 PR1+ LIC Housing Finance Ltd.** 2.79 AAA
Entry Load : Nil Bank of Baroda 0.94 A1+ Housing Development Finance Corporation Ltd.** 1.29 AAA
State Bank of Bikaner and Jaipur 0.68 P1+

Exit Load** : For Purchase / Switch-in of units
less than Rs. 5 lacs in value: Cash & Current Assets 11.23
0.50% if redeemed/switched-out
within 6 months, For Purchase / PSU/PFI Bonds/Banks 22.00
Switch-in of equal to / greater than Power Finance Corporation Ltd.** 4.09 AAA Total Net Assets 100.00
Rs. 5 Lacs but less than Rs. 5
crores in value: 0.50% if IDBI Bank Ltd.** 2.96 AA+
redeemed/switched-out within 3
months, For Purchase / Switch-in
of units equal to or greater than
Rs. 5 crores in value: 0.50% if
redeemed/switched-out within 1
month, from the date of allotment
Other Parameter
Modified Duration : 1.80 Years
7-Star Award by ICRA@

Birla Sun Life Dynamic Bond Fund
Open Ended Debt - Short Term (17 Schemes), 1 year ended 31-Dec-08
Note: i
i
i
i
Standard Deviation is calculated on annualised basis using 1 year history of monthly Birla Sun Life Dynamic Bond Fund
++ Debt: Medium Term (40 Schemes), 18 months & 3 years ended 30-Apr-09
For further details on the Discipline Advantage Plan please refer to addendum
dated March 20, 2009
M a y 2 0 0 9
Birla Sun Life Income Plus

Credit Quality
An open-ended income scheme with the objective to generate consistent income through superior yields on its investments at moderate levels
Interest Rate
High Med Low Sensitivity of risk through a diversified investment approach.
High

20
Low 18.35
18
16 Sovereign 58.36%
14
Fund Details 12
12.25
11.02
10.30
% Returns
10 AAA 38.74%
Fund Manager : Mr. Maneesh Dangi 8 7.21 7.81
Managing Fund Since : November 30, 2007 6 5.06
Total Experience : 6 years 4 Cash & Current Assets 2.72%
2
0
AA 0.18%
Key Features Birla Sun Life Income Plus Growth CRISIL Composite Bond Fund Index
Default option : Dividend Reinvestment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
Fresh Purchase : Rs. 5000/- 1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.
For Discipline Advantage : The sum of transfer amounts as
++
Plan per the frequency opted or
Rs. 10,000/- whichever is greater. Portfolio & Asset Allocation
Issuer % to Net Rating Issuer % to Net Rating
issued
Assets Assets
Systematic Investment : Available Government Bond 58.36 NABARD** 9.61 AAA
Plan (SIP) 08.24 CGL 2027 22.49 Sovereign Power Finance Corporation Ltd.** 3.78 AAA
Systematic Withdrawal : Available 07.46 CGL 2017 9.60 Sovereign Power Grid Corporation of India Ltd.** 3.53 AAA
Plan (SWP) 8.46 MAHARASHTRA SDL 12-MAR-2009 6.08 Sovereign Rural Electrification Corporation Ltd.** 1.49 AAA
Systematic Transfer : Not Available 07.94 CGL 2021 2.99 Sovereign Export Import Bank of India** 0.32 AAA
Plan (STP) 8.57 UP SDL 12-Mar-2019 2.98 Sovereign IDBI Bank Ltd.** 0.18 AA+
07.95 CGL 2032 2.69 Sovereign
Plans / Options & NAV (as on April 29, 2009) 07.99 CGL 2017 2.27 Sovereign Corporate Debt 3.49
Growth : 41.1620 06.83 GOVT.STOCK 2039 2.18 Sovereign Housing Development Finance Corporation Ltd.** 2.98 AAA
Dividend : 11.6223 08.20 CGL 2022 1.84 Sovereign Reliance Gas Transportation Infrastructure Ltd.** 0.45 AAA
(Payout & Reinvestment) 8.49 KARNATAKA SDL 18-Mar-2019 1.61 Sovereign Infrastructure Leasing and Financial Services Ltd.** 0.04 LAAA(So)
Discipline Advantage Plan : 10.3811 08.35 CGL 2022 1.40 Sovereign Reliance Industries Ltd.** 0.01 AAA
++
w.e.f Mar 04,2009 08.33 CGL 2036 0.47 Sovereign
7.56 GOVT.STOCK 2014 0.45 Sovereign Money Market Instruments 0.48
Benchmark : CRISIL Composite Bond Fund 07.49 CGL 2017 0.44 Sovereign Canara Bank 0.32 P1+
Index 07.50 CGL 2034 0.43 Sovereign Union Bank of India 0.16 P1+
08.28 GOVT.STOCK 2032 0.23 Sovereign
6.05 Govt. Bond 2019 0.21 Sovereign Cash & Current Assets 2.72
PSU/PFI Bonds/Banks 34.96 Total Net Assets 100.00

Load Structure (Incl. for SIP) Indian Railway Finance Corporation Ltd.** 16.05 AAA
Entry Load : Nil
Exit Load** : £ Rs.10 Lacs 1% if redeemed
switched out within 365 days from
the date of allotment
> Rs. 10 lacs 0.25% if redeemed
switched out within 7 days from
the date of allotment
Reinvestment.
Other Parameter
CRISIL~CPR 1^^ CRISIL~CPR 1^^

Birla Sun Life Income Plus Birla Sun Life Income Plus
Income Scheme (23 Schemes), 2 Yrs ended 31-Mar-09 Consistent CPR Performer-Debt (12 Schemes), 5 Yrs ended 31-Mar-09
Note: 5-Star Award by ICRA

@

monthly returns, source: MFI Explorer Birla Sun Life Income Plus
++
For further details on the Discipline Advantage Plan please refer to addendum Open Ended Debt - Long Term (21 Schemes), 3 year ended 31-Dec-08
dated March 03, 2009 and March 08, 2009
39
M a y 2 0 0 9
Birla Sun Life Income Fund

Credit Quality
An open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified
Interest Rate
High Med Low Sensitivity portfolio of debt and money market securities.
High
Low 14
12.20
12 11.22 Sovereign 49.97%
10.30 10.38
10
Fund Details
8 7.21 7.50
% Returns
AAA 46.56%
Fund Manager : Mr. Satyabrata Mohanty 6 5.06
4
Total Experience : 10 years Cash & Current Assets 2.13%
Date of inception : March 3, 1997 2
0
AA 1.34%
Key Features Birla Sun Life Income Fund Growth CRISIL Composite Bond Fund Index
Default option : Dividend Reinvestment Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
Fresh Purchase : Rs. 5000/- 1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.
For Discipline Advantage : The sum of transfer amounts as
Plan ++ per the frequency opted or Portfolio & Asset Allocation
Rs. 10,000/- whichever is greater.
Redemption Cheques : Within 10 working days Issuer % to Net Rating Issuer % to Net Rating
issued Assets Assets
Systematic Investment : Available Government Bond 49.97 IDBI Bank Ltd.** 1.34 AA+
Plan (SIP) 07.50 CGL 2034 10.48 Sovereign
Systematic Withdrawal : Available 07.46 CGL 2017 8.62 Sovereign Money Market Instruments 14.01
Plan (SWP)
7.56 GOVT.STOCK 2014 8.34 Sovereign State Bank of Hyderabad 5.06 A1+
Systematic Transfer : Not Available
Plan (STP) 6.05 Govt. Bond 2019 7.16 Sovereign Canara Bank 4.75 P1+
06.83 GOVT.STOCK 2039 6.82 Sovereign UCO Bank 2.81 P1+
Plans / Options & NAV (as on April 29, 2009) 8.46 MAHARASHTRA SDL 12-MAR-2009 3.95 Sovereign Syndicate Bank 1.38 PR1+
Growth : 33.2474
8.57 UP SDL 12-Mar-2019 3.94 Sovereign
Quarterly Dividend : 11.1061
(Payout & Reinvestment) 08.24 CGL 2027 0.66 Sovereign Corporate Debt 2.84
Half Yearly Dividend : 11.6231 Housing Development Finance Corporation Ltd.** 2.19 AAA
PSU/PFI Bonds/Banks 31.05 Reliance Gas Transportation Infrastructure Ltd** 0.65 AAA
54 EA Growth : 33.2244
54 EA Dividend : 14.6404 Indian Railway Finance Corporation Ltd.** 15.39 AAA
54 EB Growth : 33.0151 NABARD** 5.05 AAA Cash & Current Assets 2.13
54 EB Dividend : 14.6559 National Housing Bank** 4.40 AAA
Discipline Advantage Plan : 10.2079
++ Power Finance Corporation Ltd.** 3.19 AAA Total Net Assets 100.00
w.e.f Mar 04,2009
Rural Electrification Corporation Ltd.** 1.68 AAA
Benchmark : CRISIL Composite Bond Fund
Index

Entry Load : Nil
Exit Load** : < Rs. 1 crore - 1% if redeemed
/ switched out within 365 days
> Rs. 1 crore - Nil
Other Parameter
Standard Deviation
Retail Plan : 17.25%
54 EA Growth : 17.25%
54 EB Growth : 17.25%
&&
CNBC TV-18 CRISIL AWARD 2008
Birla Sun Life Income Fund - Growth Winner of
Category: Income scheme Best Fund - 3 yrs performance Lipper Awards India 2009&
Birla Sun Life Income Fund - Growth
1 Yr Performance ended Dec 31, 08. Total Schemes in Category = 17 9
Bond INR General, (99 schemes) 3 Yrs Performance (2005-2008)
Note:
Standard Deviation is calculated on annualised basis using 1 year history of Winner of
monthly returns, source: MFI Explorer CRISIL~CPR 2^^ Best Fund - 10 yrs performance Lipper Awards India 2009&
++
For further details on the Discipline Advantage Plan please refer to addendum Birla Sun Life Income Fund Birla Sun Life Income Fund - Growth
dated March 03, 2009 and March 08, 2009 Income Scheme (23 Schemes), 2 Yrs ended 31-Mar-09 9 Bond INR General, (16 schemes) 10 Yrs Performance (1998-2008)
M a y 2 0 0 9
Birla Sun Life Floating Rate Fund

Credit Quality
The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate
Interest Rate
High Med Low Sensitivity debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.
High
Mid Investment Performance - Long Term Plan Rating Profile - Long Term Plan
10
Low 8.87 8.89
9
8.28
8 7.59
7.06 6.78
7 6.44
6.10
Fund Details 6 AAA 97.66%
% Returns
5
Fund Manager : Mr. Satyabrata Mohanty 4
Date of inception : June 05, 2003 2
Nature of the scheme : An Open-ended Income Scheme Cash & Current Assets 2.34%
1
0
Key Features 1 Year 3 Years 5 Years Since Inception
Default option Birla Sun Life Floating Rate Fund - LTP - Growth CRISIL Liquid Fund Index
Long Term Plan : Dividend Reinvestment Past performance may or may not be sustained in future. Returns are in % and absolute returns for
Short Term Plan : Appln of less than Rs. 5 cr - Daily period less than 1 year & CAGR for period 1 year or more.
Dividend Reinvestment
Rs. 5 cr - Institutional Plan - Daily
Dividend Reinvestment Investment Performance - Short Term Plan Rating Profile - Short Term Plan
Short Term & Long Term (Retail Plan):
Fresh Purchase : Rs. 5000/- 12
10.20
Long Term - Institutional Plan: 10
Fresh Purchase : Rs. 2 Crore 8.44
Additional Purchase : Rs. 1 Lac 7.92 76.79%
8 AAA
Short Term - Institutional Plan 6.59 6.50
6.10
% Returns
5.79 5.75
Fresh Purchase : Rs. 5 Crore 6
Additional Purchase : Rs. 1 Lac
issued
2
SIP : Available###
SWP : Available 0 AA 7.94%
STP : Available
Birla Sun Life Floating Rate Fund - STP - Growth CRISIL Liquid Fund Index
Plans / Options & NAV (as on April 29, 2009) Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1
Long Term Plan year & CAGR for period 1 year or more.
Growth : 14.7263
Daily Dividend (Reinvestment) : 10.0050
Weekly Dividend (Reinvestment) : 10.0101
Monthly Dividend (Reinvestment): 10.4125 Portfolio & Asset Allocation - Long Term Plan Portfolio & Asset Allocation - Short Term Plan
Institutional Plan
Growth : 10.0852 Issuer % to Net Rating Issuer % to Net Rating
Assets Assets
Short Term Plan Money Market Instruments 96.32 Money Market Instruments 62.49
Growth : 14.5023 ICICI Bank Ltd. 23.61 A1+ IDBI Bank Ltd. 18.11 P1+
Daily Dividend (Reinvestment) : 10.0015 UCO Bank 18.75 P1+
Dividend (Reinvestment) : 10.3826 Export-Import Bank of India 16.41 AAA
State Bank of Hyderabad 12.69 A1+
Institutional Plan Federal Bank Ltd. 15.85 P1+
Federal Bank Ltd. 12.57 P1+
Growth : 11.6768 Canara Bank 6.82 A1+
Daily Dividend (Reinvestment) : 10.0000 Reliance Capital Ltd. 11.63 A1+
Fortnightly Dividend : 10.0000 ING Vysya Bank Ltd. 11.15 P1+ Infrastructure Development Finance Company Ltd. 3.75 A1+
(Reinvestment) Syndicate Bank 3.14 PR1+ State Bank of Patiala 1.55 A1+
Weekly Dividend (Reinvestment) : 10.0156 ONGC Videsh Ltd. 1.90 P1+(SO)
Canara Bank 0.64 A1+
Benchmark : CRISIL Liquid Fund Index Floating Rate Instruments 22.24
Export-Import Bank of India 0.13 A1+
Punjab National Bank 0.13 F1+ Housing Development Finance Corporation Ltd. 11.12 AAA
Average AUM CitiFinancial Consumer Finance India Ltd. 7.94 AA
Long Term Plan : Rs. 748.96 Crores
Floating Rate Instruments 1.33 ICICI Bank Ltd. 3.18 AAA
Short Term Plan : Rs. 64.23 Crores
Housing Development Finance Corporation Ltd. 1.33 AAA
Load Structure Cash & Current Assets 15.27
Long Term Plan (Incl. for SIP) Cash & Current Assets 2.34
Entry Load* : For Purchase/Switch in of units:
1.00% of the applicable NAV Total Net Assets 100.00 Total Net Assets 100.00
Exit Load** : For redemption/ switch out of
units within 365 days: 2.00% of
applicable NAV
Short Term Plan
Entry Load : Nil
Exit Load : Nil
*For direct application: Entry Load is Nil.
Other Parameter
Average Maturity
Long Term Plan : -
Short Term Plan : 0.45 Years
Yield to Maturity
Long Term Plan : -
Short Term Plan : 6.35 %
Mark to Market
Long Term Plan : -
Short Term Plan : -
Standard Deviation
Long Term Plan : 0.24 % #
Short Term Plan : 0.49% i
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iValue Research Rating CRISIL~CPR 2^^
Short Term Plan(IP) : 0.49% Birla Sun Life Floating Rate Fund - Long Term Retail Plan Birla Sun Life Floating Rate Fund - Long Term Plan
Debt: Floating Rate Long Term (10 Schemes), 18 months & 3 years ended 30-Apr-09 Ultra Short Term Debt Scheme ( 29 Schemes), 1 Yr ended 31-Mar-09
Note:
monthly returns, source: MFI Explorer (Past performance is no guarantee of future results.) for ranking methodology please refer page 48
### Not Available for Birla Sun Life Floating Rate Fund - Short Term Plan 41
M a y 2 0 0 9
Birla Sun Life Gilt Plus

Credit Quality
An open-ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively
Interest Rate
High Med Low Sensitivity in Government Securities.
High
Investment Performance - Liquid Plan Rating Profile - Liquid Plan
Mid
16
14.64
Low 14
12
% Returns
10 9.61
Sovereign 98.48%
Fund Details 8 7.53 7.69
6 5.74 5.37
Fund Manager : Mr. Satyabrata Mohanty & 4.22
Mr. Maneesh Dangi 4
Managing Fund Since : November 30, 2007 2
Total Experience : 10 years & 6 years Cash & Current Assets 1.52%
0
Date of inception : October 12, 1999 1 Year 3 Years 5 Years Since Inception
Nature of the scheme : An Open-ended Government
Securities Scheme Birla Sun Life Gilt Plus - LP I-Sec SI-BEX
Key Features 1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.
Default option : Growth
Redemption Cheques : Within 10 working days Investment Performance - PF Plan Rating Profile - PF Plan
issued 25
Systematic Investment : Available 22.92
Plan (SIP)
Systematic Withdrawal : Available 20
Plan (SWP)
Systematic Transfer : Available 15 Sovereign 88.10%
Plan (STP)
% Returns
11.58
10 9.66
Plans / Options & NAV (as on April 29, 2009) 8.22
7.30
Liquid Plan 6.73
Growth : 20.2912 5 4.29
(Quarterly Gain & Annual Gain) 11.90%
Cash & Current Assets
Dividend : 10.2816
Annual Dividend Option : 10.1198 Birla Sun Life Gilt Plus - PF I-Sec LI-BEX
PF Plan Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
Growth : 24.1272 1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.
(Quarterly Gain & Annual Gain)
Dividend : 10.4291
Annual Dividend Option : 19.0859 Investment Performance - Regular plan Rating Profile - Regular Plan
Regular Plan 25
22.92
Growth : 31.2276
(Quarterly Gain & Annual Gain) 20.06
20
Dividend : 12.5332
Annual Dividend Option : 24.4010 15 Sovereign 85.68%
% Returns
(Payout & Reinvestment) 12.36 12.66

11.58
10
Benchmark : 7.79 7.30
Liquid Plan : I-Sec SI-BEX
PF Plan : I-Sec LI-BEX 5
Regular Plan : I-Sec LI-BEX Cash & Current Assets 14.32%
Average AUM 0
Liquid Plan : Rs. 16.28 Crores
PF Plan : Rs. 71.77 Crores Birla Sun Life Gilt Plus - RP I-Sec LI-BEX
Regular Plan : Rs. 287.23 Crores Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.
Liquid Plan, Regular Plan & PF Plan - Quarterly / Annual
Dividend
Entry Load : Nil Portfolio & Asset Allocation - Liquid Plan Portfolio & Asset Allocation - PF Plan
Exit Load : Nil
PF Plan - Growth Issuer % to Net Rating
Entry Load : Nil Issuer % to Net Rating
Assets Assets
Exit Load** : 1% if redeemed / switched out
within 365 days from the date of Treasury Bills 98.48 Government Bond 88.10
allotment 182 Days T - Bill 18-Sep-2009 65.34 Sovereign 08.24 CGL 2027 30.62 Sovereign
**Exit / Entry Load is NIL for units issued in 91 DAY T-Bill 08 MAY 2009 33.14 Sovereign
Bonus & Dividend Reinvestment. 07.50 CGL 2034 21.52 Sovereign
Other Parameter
Cash & Current Assets 1.52 08.35 CGL 2022 15.56 Sovereign
Average Maturity
Liquid Plan : 0.26 Years 6.05 Govt. Bond 2019 13.78 Sovereign
PF Plan : 16.24 Years Total Net Assets 100.00
06.83 GOVT.STOCK 2039 6.62 Sovereign
Regular Plan : 13.52 Years
Modified Duration
(for Debt Component) Cash & Current Assets 11.90
Liquid Plan : 0.26 Years Portfolio & Asset Allocation - Regular Plan
PF Plan : 9.00 Years
Regular Plan : 8.00 Years Issuer % to Net Rating Total Net Assets 100.00
Yield to Maturity Assets
(for Debt Component) Government Bond 85.68
Liquid Plan : 4.30 % 07.46 CGL 2017 22.48 Sovereign CNBC TV-18 CRISIL AWARD 2008&&
PF Plan : 6.30 % 08.24 CGL 2027 20.10 Sovereign Birla Sun Life Gilt Plus - Regular Plan
Regular Plan : 6.60 % 06.83 GOVT.STOCK 2039 19.12 Sovereign
Mark to Market 08.35 CGL 2022 16.34 Sovereign
Category: Gilt
Liquid Plan : - 07.47 OIL MKT CO GOI BOND 2012 5.71 Sovereign 1 Yr Performance ended Dec 31, 08. Total Schemes in Category = 11
PF Plan : 88 % 07.27 CGL 2013 1.93 Sovereign
Regular Plan : 86 %
Standard Deviation Cash & Current Assets 14.32 5-Star Award by ICRA
@
Liquid Plan : 1.58 %

PF Plan : 19.26 % Birla Sun Life Gilt Plus Regular Plan
Regular Plan : 16.96 % Open Ended Gilt (22 Schemes), 3 year ended 31-Dec-08
i
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iValue Research Rating
# CRISIL~CPR 2^^
Birla Sun Life Gilt Plus - Regular Plan
Note: Birla Sun Life Gilt Plus - Regular Plan
Gilt Scheme (19 Schemes), 2 Yrs ended 31-Mar-09
Standard Deviation is calculated on annualised basis using 1 year history of monthly Gilt Medium & Long Term Schemes (28 Schemes), 18 months & 3 years ended 30-Apr-09
M a y 2 0 0 9
Birla Sun Life Government Securities Fund

Credit Quality
An open-ended Gilt scheme with the objective to provide investors current income consistent with a portfolio invested 100% in securities issued
Interest Rate
High Med Low Sensitivity by the Government of India or the State Governments, and the secondary objective is capital appreciation.
High
Mid Investment Performance - Long Term Plan Rating Profile - Long Term Plan
Low 30
25.42
25
22.92
20
Fund Details Cash & Current Assets 54.92%
% Returns
15
Fund Manager : Mr. Maneesh Dangi 11.58
9.35 10.05
Managing Fund Since : September 12, 2007 10
7.30
Total Experience : 6 years 5.74
5
Date of inception : October 28, 1999 Sovereign 45.08%
Nature of the scheme : An Open-ended Gilt Scheme 0
Key Features Birla Sun Life G-Sec Fund - LTP - Growth I-Sec Li-BEX
Default option : Growth Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
For Short Term Retail Plan & Long Term Plan 1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.
For Short Term Institutional Plan
Fresh Purchase : Rs. 5 crores Investment Performance - Short Term Plan Rating Profile - Short Term Plan
Additional Purchase : Rs. 1 lacs
16
Redemption Cheques : Within 10 working days 14.64
issued 14
Systematic Investment : Available 12
Plan (SIP)
10 9.61
Systematic Withdrawal : Available Cash & Current Assets 55.84%
% Returns
Plan (SWP) 8 7.53

Systematic Transfer : Available 6.34 6.18
6 5.65
Plan (STP)
3.94
4
Plans / Options & NAV (as on April 29, 2009) 2 Sovereign 44.16%
Long Term Plan
0
Growth : 24.8668 1 Year 3 Years 5 Years Since Inception
Dividend : 11.2474 Birla Sun Life G-Sec Fund - STP - Growth I-Sec Si-BEX
(Payout & Reinvestment) Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than
Short Term Plan - Retail 1 year & CAGR for period 1 year or more.When benchmark returns are not available, they have not been shown.
Growth : 17.6793
Dividend : 10.1033
Daily Dividend : 10.0175 Portfolio & Asset Allocation - Long Term Plan Portfolio & Asset Allocation - Short Term Plan
(Reinvestment)
Weekly Dividend : 10.0212 Issuer % to Net Rating Issuer % to Net Rating
(Reinvestment) Assets Assets
Institutional Daily Dividend : 10.0000
(Reinvestment) Government Bond 45.08 Treasury Bills 44.16
7.56 GOVT.STOCK 2014 45.08 Sovereign 182 Days T - Bill 18-Sep-2009 44.16 Sovereign
Benchmark
Cash & Current Assets 54.92 Cash & Current Assets 55.84
Short Term : I-Sec SI-BEX
Long Term : I-Sec LI-BEX Total Net Assets 100.00 Total Net Assets 100.00
Average AUM
Long Term Plan : Rs. 10.48 Crores
Short Term Plan : Rs. 15.61 Crores

Entry Load : Nil
Exit Load : Nil
Other Parameter
Average Maturity
Long Term Plan : 2.49 Years
Modified Duration
Long Term Plan : 1.00 Years
Yield to Maturity
Long Term Plan : 5.00%
Short Term Plan : 3.75%
Mark to Market
Long Term Plan : 45%
Short Term Plan : -
Standard Deviation
Long Term Plan : 8.95%
Short Term Plan : 1.33%
Note:
43
India Advantage Fund Ltd.
M a y 2 0 0 9 (For Non-Resident Indians and Other Eligible Foreign Investors)

Investment Style An open-ended growth scheme with the objective of long-term appreciation through investment primarily in equity related securities of
Value Blend Growth Size companies in India that are run by efficient management, have a sustainable and robust business model and are available at reasonable
valuations.
Large
Mid
Investment Performance CAGR Returns (%) Asset Allocation
Small
30
20.97 21.18 Financials 15.27%
20 17.90
14.10 12.75 Petroleum Products 12.64%
9.73
10 Other Equity 11.94%
Fund Details 0
1 Year 3 Year
Telecom-Services 10.37%
Returns %
5 Year 10 Year Since Inception
-5.46 Software 10.00%
-10
Fund Manager : Mr. Ajay Argal -9.60 Industrial Capital Goods 9.46%
-20
Date of inception : August 8, 1996 Consumer Non Durables 6.92%
-30 Pharmaceuticals 5.07%
Nature of the scheme : An Open - ended Growth Scheme Oil & Gas 4.89%
-40
Managing Since : January 10, 2006 Power 4.74%
-50 -46.36
-49.29 Construction 3.58%
Total Experience : 15 Years
-60 India Advantage Fund MSCI (India) Net receivables / payables 2.99%
Returns are in % and CAGR returns for period 1 year or more. The returns for IAF & MSCI (India) are Cash & Cash Equivalents 2.13%
Key Features in US Dollars. 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00%
Default Option : Cumulative/ Growth
Minimum Subscription : USD 5000
Additional Subscription : In multiples of USD 1000
Systematic Investment : No Portfolio
Plan (SIP) Name of the Security Sector Percentage Name of the Security Sector Percentage
of Portfolio of Portfolio
Load Structure EQUITY INVESTMENTS Punj Lloyd Ltd Construction 1.48
Subscription Charge : 4% Max Reliance Industries Ltd Petroleum Products 9.72 BPCL Ltd Oil & Gas 1.46
Redemption Charge : None Bharti Airtel Ltd Telecom Services 8.08 L&T Ltd Construction 1.37
Infosysy Technologies Ltd Software 7.02 Oriental Bank of Commerce Ltd Financials 1.27
ONGC Ltd Oil & Gas 4.90 Engineer's India Ltd Engineering 1.23
Options & NAV (as on April 29, 2009) ITC Ltd Consumer Non Durables 4.88 Bharat Earth Movers Ltd Industrial Capotal Goods 1.15
NAV (per Class C Share) : US $114.63 BHEL Ltd Industrial Capotal Goods 4.09 Reliance Infrastructure Ltd Power 1.10
Benchmark : BSE Sensex and MSCI (India) ICICI Bank Ltd Financials 3.52 Tata Chemicals Ltd Chemicals 0.91
Average AUM : US $ 77.96 Million TCS Ltd Software 2.79 IVRCL Infrastructure Ltd Construction 0.73
Dr Reddy's Laboratories Ltd Pharma 2.66 Maharashtra Seamless Ltd Metals 0.49
Other Resources HDFC Bank Ltd Financials 2.50 Solar Explosives Ltd Chemicals 0.35
Euroclear : MU0196S00230 Bharat Electronics Ltd Industrial Capotal Goods 2.45 Subex Ltd Software 0.22
Bloomberg Ticker Code : INDADVC: MP Sun Pharmaceuticals Lts Pharma 2.42 DLF Ltd Construction 0.00
Citicode : BK94 Reliance Communications Ltd Telecom Services 2.32
Lippers HDFC Ltd Financials 2.31 CALL & CALL EQUIVALENTS :
Trustnet Offshore Axis Bank Ltd Financials 2.23 Bank CDs Money Market Instruments 0.77
Morningstar.com ACC Ltd Cement 2.08 CBLO Money Market Instruments 1.13
Nestle India Ltd Consumer Non Durables 2.05 Trent Ltd Non - Convertible Debt 0.24
NTPC Ltd Power 2.02
Hindustan Unilever Ltd Consumer Non Durables 2.01 TOTAL 97.22
State Bank of India Ltd Financials 1.96
Suzlon Energy Ltd Industrial Capotal Goods 1.79 OTHER NET ASSETS (SUB FUND) 3.00
Chambal Fertilizers & Chemicals Ltd Fertilizers 1.69
CESC Ltd Power 1.63 OTHER NET ASSETS (MAIN FUND) -0.22
Great Eastern Shipping Co Ltd Transportation 1.60
United Phosphorous Ltd Pesticides 1.60 NET ASSETS 100.00
IDFC Ltd Financials 1.51
HPCL Ltd Oil & Gas 1.49
Investment via sub-fund, India Advantage (Offshore) Fund, are stated at market/fair value at the date of determination. Securities listed on a recognised stock exchange are valued at the last quoted closing
price on the principal exchange on which the security istraded Non-traded securities are valued at amortised cost and/or fair value as determined in good faith by Birla Sun Life Asset Management Company
Limited, India.
IAF Calender year performance

YTD 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996*
IAF 7.42% -62.12% 62.88% 37.54% 33.37% 51.54% 153.01% 10.47% -24.31% -39.24% 179.45% 36.06% 24.20% 2.30%
MSCI India 17.59% -65.07% 71.23% 48.95% 35.38% 16.46% 73.92% 5.93% -21.17% -22.82% 84.67% -22.89% 9.59% -13.62%
i
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i
i Bloomberg Ticker Code:
INDADVC MP
Also listed on
“Channel Islands
Stock Exchange (CISX)”
Ranked 11th among Top Performing
Equity Funds in the world by Lipper&
India Advantage Fund
Morningstar Rating™ Equity Funds (6302 funds), 10 yrs ended 31 Dec 07
Dividend History
M a y 2 0 0 9
(For select Schemes)
EQUITY SCHEMES
EQUITY SCHEMES Declared on date Dividend (%) Dividend# (Rs. per unit) Face value (Rs.) Cum Dividend NAV (Rs. per unit)
Birla Sun Life Advantage Fund 22-Mar-00 80 8.00 10.00 70.37

Total dividend declared 28-Nov-03 30 3.00 10.00 44.88
23-Jan-04 20 2.00 10.00 47.33
since inception (Feb 24, 1995) = 325%
12-Mar-04 25 2.50 10.00 46.10
23-Mar-05 50 5.00 10.00 54.25
16-Dec-05 50 5.00 10.00 65.89
25-Apr-08 50 5.00 10.00 100.44
325 32.5
Birla Sun Life Dividend Yield Plus 30-May-03 8 0.80 10.00 11.84
Total dividend declared 13-Jun-03 5 0.50 10.00 10.88
since inception (Feb 26, 2003) = 178% 24-Jul-03 12 1.20 10.00 11.62
19-Sept-03 18 1.80 10.00 12.09
31-Oct-03 10 1.00 10.00 11.87
26-Dec-03 15 1.50 10.00 13.93
13-Feb-04 10 1.00 10.00 12.58
28-Sep-04 8 0.80 10.00 11.57
24-Dec-04 14 1.40 10.00 13.75
11-Mar-05 10 1.00 10.00 12.85
1-July-05 8 0.80 10.00 11.26
28-Oct-05 8 0.80 10.00 11.94
13-Jan-06 16 1.60 10.00 11.89
27-April-06 10 1.00 10.00 13.07
10-Oct-06 8 0.80 10.00 11.67
30-April-07 8 0.80 10.00 11.20
1-Nov-07 10 1.00 10.00 12.77
178 17.80
Birla Sun Life Tax Plan 17-Oct-03 15 1.50 10.00 24.89
Total dividend declared 26-Mar-04 15 1.50 10.00 26.90
since inception (Feb 16, 1999) = 245% 21-Oct-05 40 4.00 10.00 42.10
16-Dec-05 40 4.00 10.00 46.50
17-Feb-06 40 4.00 10.00 44.54
28-Mar-08 60 6.00 10.00 64.23
20-Mar-09 45 4.50 10.00 31.70
245 24.50
Birla Sun Life Index Fund 17-Oct-03 56 5.60 10.00 16.19
Total dividend declared 03-Feb-04 16.5 1.65 10.00 11.99
since inception (Sept 18, 2002) = 137.5% 23-Mar-07 65 6.50 10.00 21.83
137.5 13.75
Birla Sun Life India GenNext Fund 25-Apr-08 10 1.00 10.00 16.14
Birla Sun Life India Opportunities Fund 04-Feb-00 25 2.50 10.00 28.97
14-Jan-03 10 1.00 10.00 12.16
Total dividend declared 27-Feb-04 60 6.00 10.00 18.69
since inception (Dec 27, 1999) = 147.50% 26-Oct-04 12.5 1.25 10.00 14.17
16-Sep-05 40 4.00 10.00 14.90
147.5 14.75
Birla Sun Life Midcap Fund 19-Jun-03 10 1.00 10.00 11.83
Total dividend declared 22-Jul-03 10 1.00 10.00 11.81
24-Dec-03 60 6.00 10.00 18.35
since inception (Oct 3, 2002) = 242.50% 8-Oct-04 12.5 1.25 10.00 13.72
28-Jan-05 10 1.00 10.00 14.75
3-Feb-06 20 2.00 10.00 22.59
22-Dec-06 35 3.50 10.00 25.94
28-Dec-07 60 6.00 10.00 40.50
27-Jun-08 20 2.00 10.00 20.85
242.5 24.25
Birla Sun Life MNC Fund 5-Feb-00 25 2.50 10.00 0.00
22-Feb-02 40 4.00 10.00 27.16
Total dividend declared 29-Aug-03 50 5.00 10.00 30.58
since inception (Dec 27, 1999) = 240% 18-Jan-05 50 5.00 10.00 42.80
26-Aug-05 75 7.50 10.00 41.05
240 24.00
Birla Sun Life Basic Industries Fund 31-Mar-04 25 2.50 10.00 25.70
Total dividend declared 07-Oct-04 20 2.00 10.00 25.02
24-Mar-06 100 10.00 10.00 35.08
since inception (Jan 15, 2000) = 295% 19-Jan-07 105 10.50 10.00 39.60
25-Apr-08 20 2.00 10.00 36.36
295 29.50
Birla Sun Life Buy India Fund 28-Mar-06 75 7.50 10.00 17.54
Birla Sun Life Equity Fund 30-Sept-99 30 3.00 10.00 25.86
28-Mar-00 50 5.00 10.00 51.08
Total dividend declared 29-Sept-00 25 2.50 10.00 28.65
since inception (Aug 27, 1998) = 445% 20-Mar-01 10 1.00 10.00 18.97
28-Sept-01 10 1.00 10.00 12.79
20-Mar-02 10 1.00 10.00 17.13
21-Oct-02 5 0.50 10.00 14.07
24-Mar-03 5 0.50 10.00 14.37
30-Sept-03 10 1.00 10.00 22.96
08-Mar-04 30 3.00 10.00 30.91
20-Oct-04 10 1.00 10.00 30.02
10-Feb-06 50 5.00 10.00 58.94
23-Mar-07 100 10.00 10.00 74.45
31-Aug-07 100 10.00 10.00 79.98
445 44.50
Birla Sun Life Frontline Equity Fund 31-Mar-04 20 2.00 10.00 18.48
14-Oct-04 10 1.00 10.00 16.80
Total dividend declared 27-Feb-06 80 8.00 10.00 28.88
since inception (Aug 30, 2002) = 240% 28-Aug-06 60 6.00 10.00 23.56
29-Jun-07 40 4.00 10.00 23.86
08-Aug-08 20 2.00 10.00 20.48
230 23.00
Birla Sun Life New Millennium Fund 27-Jun-08 10 1.00 10.00 14.43
Birla Sun Life Tax Relief ‘96 27-Apr-06 500 50.00 10.00 224.51
8-Dec-06 250 25.00 10.00 193.94
Total dividend declared 19-Jan-07 260 26.00 10.00 176.54
16-Mar-07 500 50.00 10.00 134.27
since inception (Mar 29, 1996) = 2160% 25-Mar-08 200 20.00 10.00 106.74
27-Jun-08 50 5.00 10.00 71.86
2160 216.00
Birla Sun Life Top 100 Fund 30-May-08 15 1.50 10.00 15.894
After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results. 45
Dividend History
M a y 2 0 0 9
HYBRID & MONTHLY INCOME SCHEMES
Non Corporate Corporate

# #
DEBT SCHEMES Date Face Value Dividend Dividend Dividend Dividend Cum Dividend NAV
(%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit)
Birla Sun Life Freedom Fund 17-Oct-03 10.00 15 1.50 - - 13.32

Total dividend declared 20-Jan-06 10.00 50 5.00 - - 15.13
since inception (Oct 12, 1999) = 65%
65 6.50
Birla Sun Life MIP (Monthly Dividend Plan) 28-Sep-07 10.00 1.139 0.1139 1.060 0.1060 11.5833
26-Oct-07 10.00 1.196 0.1196 1.113 0.1113 11.6844
30-Nov-07 10.00 1.455 0.1455 1.354 0.1354 11.5526
28-Dec-07 10.00 1.147 0.1147 1.068 0.1068 11.6693
25-Jan-08 10.00 1.204 0.1204 1.120 0.1120 11.3399
29-Feb-08 10.00 0.847 0.0847 0.788 0.0788 10.9853
28-Mar-08 10.00 0.682 0.0682 0.635 0.0635 10.6837
25-Apr-08 10.00 0.641 0.0641 0.597 0.0597 10.6054
30-May-08 10.00 0.796 0.0796 0.741 0.0741 10.4906
27-Jun-08 10.00 0.123 0.0123 0.114 0.0114 10.0146
29-Aug-08 10.00 0.228 0.0228 0.212 0.0212 10.0638
30-Jan-09 10.00 0.876 0.0876 0.815 0.0815 10.5239
24-Apr-09 10.00 0.613 0.0613 0.571 0.0571 11.1021
Birla Sun Life MIP II - Savings 5 Plan 25-Jun-08 10.00 0.546 0.0546 0.508 0.0508 10.1996
(Monthly Dividend Plan) 25-Jul-08 10.00 0.521 0.0521 0.485 0.0485 10.2026
13-Aug-08 10.00 0.402 0.0402 0.374 0.0374 10.1890
28-Aug-08 10.00 0.140 0.0140 0.130 0.0130 10.6778
29-Sep-08 10.00 0.802 0.0802 0.747 0.0747 10.7534
17-Oct-08 10.00 0.140 0.0140 0.130 0.0130 10.6947
27-Oct-08 10.00 0.526 0.0526 0.489 0.0489 10.7336
12-Nov-08 10.00 0.657 0.0657 0.611 0.0611 10.7369
26-Dec-08 10.00 1.051 0.1051 0.978 0.0978 11.6828
30-Jan-09 10.00 0.613 0.0613 0.571 0.0571 11.1310
27-Feb-09 10.00 0.526 0.0526 0.489 0.0489 10.9174
30-Mar-09 10.00 0.438 0.0438 0.408 0.0408 10.8148
24-Apr-09 10.00 0.350 0.0350 0.326 0.0326 11.1480
Birla Sun Life MIP II - Wealth 25 Plan 25-May-07 10.00 0.629 0.0629 0.585 0.0585 11.0915
(Monthly Dividend Plan) 29-Jun-07 10.00 0.756 0.0756 0.704 0.0704 11.2535
27-July-07 10.00 1.126 0.1126 1.048 0.1048 11.5658
31-Aug-07 10.00 0.962 0.0962 0.895 0.0895 11.3493
28-Sep-07 10.00 1.133 0.1133 1.054 0.1054 11.5543
26-Oct-07 10.00 1.193 0.1193 1.110 0.1110 11.6241
30-Nov-07 10.00 1.446 0.1446 1.346 0.1346 11.5255
28-Dec-07 10.00 1.145 0.1145 1.066 0.1066 11.7620
25-Jan-08 10.00 1.214 0.1214 1.130 0.1130 11.2126
29-Feb-08 10.00 0.837 0.0837 0.779 0.0779 10.7279
28-Mar-08 10.00 0.666 0.0666 0.620 0.0620 10.3049
25-Apr-08 10.00 0.620 0.0620 0.577 0.0577 10.3476
30-May-08 10.00 0.777 0.0777 0.723 0.0723 10.2064
Birla Sun Life '95 Fund 30-Jun-99 10.00 20 2.00 - - 26.78

Total dividend declared 28-Mar-00 10.00 50 5.00 - - 64.44
since inception (Feb 10, 1995) = 325% 13-Oct-00 10.00 30 3.00 - - 39.85
09-Mar-01 10.00 20 2.00 - - 33.50
15-Oct-01 10.00 20 2.00 - - 25.70
26-Mar-02 10.00 20 2.00 - - 29.99
30-Oct-02 10.00 10 1.00 - - 26.01
28-Mar-03 10.00 10 1.00 - - 27.00
10-Oct-03 10.00 10 1.00 - - 38.59
22-Mar-04 10.00 30 3.00 - - 42.31
25-Oct-04 10.00 20 2.00 - - 43.02
10-Mar-06 10.00 25 2.50 - - 68.53
30-May-08 10.00 50 5.00 - - 97.61
325 32.50
Birla Sun Life Monthly Income - 28-Sep-07 10.00 1.345 0.1345 1.251 0.1251 11.1820
Monthly Dividend 31-Oct-07 10.00 1.632 0.1632 1.519 0.1519 11.2657
30-Nov-07 10.00 1.401 0.1401 1.304 0.1304 11.0995
31-Dec-07 10.00 1.221 0.1221 1.136 0.1136 11.3372
31-Jan-08 10.00 0.750 0.0750 0.698 0.0698 10.8881
29-Feb-08 10.00 0.677 0.0677 0.630 0.0630 10.7070
31-Mar-08 10.00 0.712 0.0712 0.663 0.0663 10.3796
30-Apr-08 10.00 0.668 0.0668 0.622 0.0622 10.4731
30-May-08 10.00 0.786 0.0786 0.731 0.0731 10.3396
30-Jan-09 10.00 2.628 0.2628 2.446 0.2446 10.3982
27-Feb-09 10.00 0.491 0.0491 0.457 0.0457 10.4460
30-Mar-09 10.00 0.438 0.0438 0.408 0.0408 10.4684
29-Apr-09 10.00 1.664 0.1664 1.549 0.1549 10.7674
Birla Sun Life Monthly Income - 28-Sep-07 10.00 2.856 0.2856 2.658 0.2658 11.8310
Quarterly Dividend 31-Dec-07 10.00 2.856 0.2856 2.658 0.2658 12.2011
31-Mar-08 10.00 2.593 0.2593 2.413 0.2413 11.1765
30-Jun-08 10.00 1.901 0.1901 1.769 0.1769 10.6399
30-Sep-08 10.00 1.380 0.1380 1.284 0.1284 10.4584
31-Dec-08 10.00 2.256 0.2256 2.100 0.2100 10.8938
30-Mar-09 10.00 1.577 0.1577 1.467 0.1467 10.5699
46 After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.
Dividend History
M a y 2 0 0 9
DEBT SCHEMES
Non Corporate Corporate

DEBT SCHEMES Date Face Value Dividend Dividend# Dividend Dividend# Cum Dividend NAV
(%) (Rs. per unit) (%) (Rs. per unit) (Rs. per unit)
Birla Sun Life Short Term 17-Dec-07 10.00 1.875 0.1875 1.745 0.1745 10.2193
Opportunities Fund 17-Mar-08 10.00 1.162 0.1162 1.082 0.1082 10.1370
16-Jun-08 10.00 1.162 0.1162 1.082 0.1082 10.1379
15-Sep-08 10.00 1.201 0.1201 1.118 0.1180 10.1943
15-Dec-08 10.00 1.098 0.1098 1.022 0.1022 10.2182
16-Mar-09 10.00 2.015 0.2015 1.875 0.1875 10.3932
27-Apr-09 10.00 0.876 0.0876 0.815 0.0815 10.2657
Birla Sun Life Dynamic Bond Fund - Retail 29-Sep-08 10.00 0.701 0.0701 0.652 0.0652 10.6474
Quarterly Dividend 22-Oct-08 10.00 0.569 0.0569 0.530 0.0530 10.6239
31-Dec-08 10.00 1.664 0.1664 1.549 0.1549 11.1759
30-Mar-09 10.00 1.664 0.1664 1.549 0.1549 11.1086
24-Apr-09 10.00 0.526 0.0526 0.489 0.0489 10.4961
Birla Sun Life Gilt Plus - Liquid Plan - 17-Dec-07 10.00 1.602 0.1602 1.491 0.1491 10.6626
(Quarterly Dividend) 17-Mar-08 10.00 1.602 0.1602 1.491 0.1491 10.6857
16-Jun-08 10.00 1.375 0.1375 1.280 0.1280 10.6466
15-Sep-08 10.00 1.375 0.1375 1.280 0.1280 10.7122
22-Oct-08 10.00 0.061 0.0061 0.057 0.0057 10.4045
15-Dec-08 10.00 1.384 0.1384 1.288 0.1288 10.5148
16-Mar-09 10.00 2.102 0.2102 1.957 0.1957 10.4492
Birla Sun Life Gilt Plus - PF Plan 17-Sep-07 10.00 1.859 0.1859 1.730 0.1730 10.5930
(Quarterly Dividend) 17-Dec-07 10.00 1.817 0.1817 1.691 0.1691 10.6516
17-Mar-08 10.00 2.053 0.2053 1.911 0.1911 10.7912
16-Jun-08 10.00 1.382 0.1382 1.286 0.1286 10.3315
15-Sep-08 10.00 1.332 0.1332 1.240 0.1240 10.3951
15-Dec-08 10.00 2.013 0.2013 1.873 0.1873 11.2919
16-Mar-09 10.00 2.190 0.2190 2.038 0.2038 10.4392
Birla Sun Life Gilt Plus - Regular Plan 17-Sep-07 10.00 2.339 0.2339 2.177 0.2177 11.3762
(Quarterly Dividend) 17-Dec-07 10.00 2.180 0.2180 2.029 0.2029 11.4187
17-Mar-08 10.00 2.196 0.2196 2.044 0.2044 11.6530
16-Jun-08 10.00 1.495 0.1495 1.392 0.1392 11.2748
15-Sep-08 10.00 1.454 0.1454 1.353 0.1353 11.6963
15-Dec-08 10.00 2.267 0.2267 2.110 0.2110 12.9233
16-Mar-09 10.00 2.540 0.2540 2.364 0.2364 12.4390
Birla Sun Life Income Plus 15-Jun-07 10.00 1.529 0.1529 1.423 0.1423 10.2218
(Quartery Dividend) 17-Sep-07 10.00 1.813 0.1813 1.688 0.1688 10.5704
17-Dec-07 10.00 2.031 0.2031 1.890 0.1890 10.7758
17-Mar-08 10.00 2.304 0.2304 2.144 0.2144 10.9445
16-Jun-08 10.00 1.634 0.1634 1.520 0.1520 10.6083
15-Sep-08 10.00 1.594 0.1594 1.484 0.1484 10.8205
15-Dec-08 10.00 2.090 0.2090 1.945 0.1945 11.7199
16-Mar-09 10.00 2.277 0.2277 2.120 0.2120 11.5018
Birla Sun Life Govt. Securities - 17-Sep-07 10.00 3.162 0.3162 2.943 0.2943 10.3774
Long Term Dividend 17-Mar-08 10.00 0.480 0.0480 0.447 0.0447 10.0548
16-Mar-09 10.00 7.883 0.7883 7.337 0.7337 11.5177
Birla Sun Life Govt. Securities - 17-Sep-07 10.00 1.607 0.1607 1.496 0.1496 10.3110
Short Term Dividend 17-Dec-07 10.00 1.546 0.1546 1.439 0.1439 10.2972
17-Mar-08 10.00 0.588 0.0588 0.547 0.0547 10.0734
16-Jun-08 10.00 0.876 0.0876 0.815 0.0815 10.1315
15-Sep-08 10.00 1.095 0.1095 1.109 0.1109 10.2966
15-Dec-08 10.00 1.111 0.1111 1.034 0.1034 10.3417
16-Mar-09 10.00 2.015 0.2015 1.875 0.1875 10.2841
Birla Sun Life Income Fund- 17-Sep-07 10.00 3.758 0.3758 3.497 0.3497 11.2454
Half Yearly Dividend 17-Mar-08 10.00 4.752 0.4752 4.423 0.4423 11.6359
16-Mar-09 10.00 4.467 0.4467 4.158 0.4158 11.9496
Birla Sun Life Income Fund - 17-Sep-07 10.00 1.971 0.1971 1.834 0.1834 10.6534
Quarterly Dividend 17-Dec-07 10.00 2.047 0.2047 1.905 0.1905 10.8291
17-Mar-08 10.00 2.314 0.2314 2.154 0.2154 10.9767
16-Jun-08 10.00 1.637 0.1637 1.524 0.1524 10.7403
15-Sep-08 10.00 1.613 0.1613 1.501 0.1501 10.9178
15-Dec-08 10.00 2.110 0.2110 1.964 0.1964 11.7458
16-Mar-09 10.00 2.277 0.2277 2.120 0.2120 11.1896
Birla Sun Life Savings Fund - 27-Feb-09 10.00 0.434 0.0434 0.404 0.0404 10.1879
Institutional Monthly Dividend 30-Mar-09 10.00 0.434 0.0434 0.404 0.0404 10.1989
24-Apr-09 10.00 0.311 0.0311 0.289 0.0289 10.1930
Birla Sun Life Savings Fund - 27-Feb-09 10.00 0.414 0.0414 0.386 0.0386 10.1751
Retail Monthly Dividend 30-Mar-09 10.00 0.414 0.0414 0.386 0.0386 10.1847
24-Apr-09 10.00 0.293 0.2930 0.273 0.2730 10.1785
Birla Sun Life Short Term Fund - 27-Feb-09 10.00 0.413 0.0413 0.384 0.0384 10.6738
30-Mar-09 10.00 0.438 0.0438 0.408 0.0408 10.6829
Monthly Dividend
29-Apr-09 10.00 0.361 0.3610 0.336 0.3360 10.6842
After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results. 47
M a y 2 0 0 9
Methodology of Ranking
#
Value Research Ratings and Debt-Short Term – Last 1 years; All other Schemes – Last 2 years and 5 yrs CPR track record for consistent CPR Performers. Fund Ratings are as on
Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the 31 Mar ‘09. Ranking is done on the following parameters depending on scheme category.
weighted average monthly returns for the last 3 and 5-year periods. In the case of debt funds this rating is based on the weighted average weekly returns for CRISIL~CPR 1 - indicates “Very Good" performance & ranks within top 10 percentile of the respective category.
the last 18 months and 3-year periods and in case of short-term debt funds - weekly returns for the last 18 months. These ratings do not take into CRISIL~CPR 2 - indicates “Good" performance & ranks within top 11th - 30th percentile of the respective category.
consideration any entry or exit load. Parameters Scheme Category
Five-stars indicate that a fund is in the top 10% of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 22.5%,
Superior Return Score Large Cap Oriented Equity, Diversified Equity, Small and Midcap, ELSS, Balanced, Debt, MIP
middle 35% receive three stars, the next 22.5% are assigned two stars while the bottom 10% receive one star. The number of schemes in each category is
mentioned along side the categories name. Equity Diversified (142), Equity : Index (17), Equity Tax Planning (23), Hybrid Equity Oriented (25), Hybrid: (Aggressive & Conservative), Gilt-Long and Consistent CPR Performers – Equity, Balanced and Debt
Monthly Income (32), Debt: Medium-term (40), Gilt: Medium and Long-term (28), Gilt: Short-term (13), Debt: Ultra Short-term (40), Debt: Ultra Short-term Mean Return and Volatility Debt-Short, Ultra Short Term Debt, Liquid, Liquid Institutional & Liquid Super Institutional and
Institutional (46), Debt: Short-term (15), Debt: Floating Rate Short-term (15),Debt: Floating Rate Long-term (10), Hybrid: Debt-oriented (16), Debt: Liquid Consistent CPR Performers - Liquid
Plus: (24), Debt: Liquid Plus Institutional:(23). These Fund Ratings are as on April 30, 2009. Portfolio Concentration Analysis All Schemes
The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every
month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the accuracy. Liquidity Analysis All Schemes
Asset Quality Debt Schemes
@
ICRA Mutual Fund Awards 2009 – Ranking Methodology and Disclaimer Average Maturity Debt Schemes
Birla Sun Life Dynamic Bond Fund – 7-Star Fund in ‘Open Ended Debt - Short Term’ schemes category – 17 Schemes – 1 year performance ended 31 Dec Downside Risk Probability Debt- Short Term, Liquid, Ultra Short Term Debt, Liquid- Institutional & Super Institutional
2008. Birla Sun Life Dividend Yield Plus – 5-Star Fund in ‘Open Ended Diversified Equity - Aggressive’ schemes Category – 51 Schemes – 1 year
performance ended 31 Dec 2008. Birla Sun Life MNC Fund – 5-Star Fund in ‘Open Ended Diversified Equity - Aggressive’ schemes Category – 51 Schemes – Asset Size Debt- Short Term, Liquid, Ultra Short Term Debt, Liquid- Institutional & Super Institutional
1 year performance ended 31 Dec 2008. Birla Sun Life Frontline Equity Fund - 5-Star Fund in the category of ‘Open Ended Diversified Equity - Defensive’ Historic performance on CRISIL~CPR Consistent CPR Performer – Equity, Balanced, Debt and Liquid categories
schemes Category – 51 Schemes – 1 year performance ended 31 Dec 2008. Birla Sun Life Frontline Equity Fund – Two 5-Star Fund Rankings both in ‘Open Ranking Source: Crisil FundServices, CRISIL Limited
Ended Diversified Equity - Defensive’ schemes Category – 51 and 55 Schemes – 1 and 3 year performance ended 31 Dec 2008 respectively. Birla Sun Life
Liquid Plus - Institutional Plan - 5-Star Fund in the category of ‘Open Ended Liquid Plus - Institutional Plan’ schemes Category – 34 Schemes – 1 year &
Lipper Awards India 2009 - Award Methodology & Disclaimers:
performance ended 31 Dec 2008. Birla Sun Life Income Plus - 5-Star Fund in the category of ‘Open Ended Debt – Long Term schemes Category – 21 Birla Sun Life Mutual Fund: Best Group over 3 years (2005-2008). Group Name - Mixed Asset, Size: 12 fund houses were eligible for the group
Schemes – 3 year performance ended 31 Dec 2008. Birla Sun Life Gilt Plus-Regular Plan - 5-Star Fund in the category of ‘Open Ended Gilt’ schemes
Category – 21 Schemes – 3 year performance ended 31 Dec 2008. The rank for the schemes is an outcome of an objective and comparative analysis against
award. Fund groups with at least five equity, five bond, or three mixed-asset portfolios in the respective asset classes were eligible for a group
various parameters, including: risk adjusted return, fund size, company concentration, portfolio turnover and liquidity. 7-Star Fund Rank indicates - Best award. The lowest average decile(1) rank of the three years’ Consistent Return measure of the eligible funds per asset class and group determined
Performance amongst the 5-Star Funds. 5-Star Fund Rank indicates - Best performance (Top 10% of the category). Entry/Exit Loads not considered. Past the asset class group award winner.
Performance is no guarantee of future results. Ranking Source & Publisher: ICRA Online Limited Birla Sun Life Asset Allocation Fund-Moderate Plan-Growth (BSLAAF-MP-GR): Best Fund – 3 year performance (2005-2008) No. of
Schemes: 7; Classification-Mixed Asset INR Balanced,
Birla Sun Life Income Fund-Growth (BSLIF-Gr): Best Fund - 3 year performance (2005-2008) & 10 year performance (1998 – 2008), No. of
+ ICRA mfAAA and mfA1+ Rating Methodology for Birla Sun Life Floating Rate (Short Term & Long Term) and Birla Sun Life Cash Plus Respectively Schemes: 99 & 16 respectively ; Classification-Bond Indian Rupee-General.
Birla Sun Life Floating Rate Fund – Short Term Plan & Birla Sun Life Floating Rate Fund – Long Term Plan: The credit risk rating assigned to the schemes is BSLAAF-MP-Gr & BSLIF-Gr are awarded Lipper Awards India 2009 on the basis of Consistent Return (Effective Return) value over the relevant
mfAAA. The rating is the highest-credit-quality rating assigned by ICRA to debt funds. Birla Sun Life Cash Plus: The credit risk rating assigned to the scheme performance period. Entry/Exit load not considered. Past performance is no guarantee of future results. Ranking source: Lipper - A Reuter
is mfA1+. The highest-credit-quality short-term rating assigned by ICRA to debt funds. Co. www.lipperweb.com
Rating methodology used by ICRA is based on evaluating the inherent credit quality of the funds portfolio. As a measure of the credit quality of a debt fund’s
assets, ICRA uses the concept of ”credit scores”, based on ICRA’s assessment of credit risk associated with each exposure of the portfolio taking into @@
S & P Fund Management Rating
account its maturity, investment objectives and policies, its management characteristics and the creditworthiness of its investment portfolio. ICRA reviews
Standard & Poor’s A: The fund demonstrates high standards of quality based on its investment process, risk awareness and consistency of
relevant fund information on an ongoing basis to support its published rating opinions. Source: ICRA Ltd.
performance relative to its own objectives. Ranking Methodology: The Fund has provided consistent, above average, risk-adjusted returns relative
* AAAf: CRISIL AAAf Rating Methodology for Birla Sun Life Savings Fund, Birla Sun Life Income Plus, Birla Sun Life Cash Manager, Birla Sun Life Income to its peers over a three-year period ending December 31, 2006. The Fund is assessed by S&P on basis of quantitative factors viz. historical
Fund, Birla Sun Life Short Term Fund and Birla Sun Life Dynamic Bond Fund performance for consistency, discrete period performance comparisons and measurement over 3 discrete twelve-month periods, including 6
AAAf The fund’s portfolio holdings provide very strong protection against losses from credit defaults. month moving average size, turnover, dealing, liquidity of portfolio, gearing, client base, cost, fees and on evaluation of qualitative factors viz. fund
The credit quality ratings are based on an analysis of the fund’s investment philosophy, its management, investment strategies, operational policies and management group, portfolio manager and investment team that contributes to long term performance.
internal controls. Credit quality incorporates the credit risk of securities and the counter-party risk involved in transactions CRISIL has developed a Credit
&&
Quality Matrix to evaluate a bond fund’s overall level of protection against losses associated with credit default. The matrix is a set of credit factors & credit CNBC TV18 - CRISIL Mutual Fund of the Year Award for 2007 & 2008 - Award Methodology & Disclaimer
scores derived scientifically from CRISIL’s rating default and transition rates over past ten years. Ranking source: CRISIL FundServices, CRISIL Ltd. Birla Sun Life Mutual Fund, Category - Mutual Fund House of the Year, out of 27 fund houses for 2008 awards and out of 26 fund houses for
2007 awards. Fund Houses winning at least two awards for their schemes in the category level awards for 2008 and 2007 respectively were
^^Crisil CPR – Ranking Methodology & Disclaimer considered for the award based on consistency of fund house's performance across various scheme categories in the four quarterly CRISIL CPR
Birla Sun Life Frontline Equity Fund: CRISIL~CPR 1 -In Diversified Equity Scheme Category (69 Schemes). rankings released during the calendar year 2008 and 2007 respectively. The individual CRISIL CPR ranks for their schemes were aggregated on a
Birla Sun Life Dividend Yield Plus: CRISIL~CPR 2 -In Diversified Equity Scheme Category (69 Schemes). weighted average basis to arrive at the final ranks for fund houses in both the years.
Birla Sun Life Midcap Fund: CRISIL~CPR 1 -In Small & Mid Equity Scheme Category (16 Schemes).
Birla Sun Life Freedom Fund: CRISIL~CPR 1 -In Balanced Scheme Category (18 Schemes). &&
CNBC TV18 - CRISIL Mutual Fund of the Year Award for 2008 - Award Methodology & Disclaimer
Birla Sun Life 95 Fund: CRISIL~CPR 2 -Consistent CPR Performer - Balanced (14 Schemes).
Birla Sun Life Mutual Fund, Category – Debt Fund House of the Year, out of 27 Fund houses. The award is based on consistency of fund
Birla Sun Life 95 Fund: CRISIL~CPR 2 -In Balanced Scheme Category (18 Schemes).
house’s performance across the Gilt, Income, Income – Short, Liquid – Retail, Liquid – Institutional, Liquid – Super Institutional, MIP (Aggressive &
Birla Sun Life Income Fund: CRISIL~CPR 2 - Income Scheme Category (23 Schemes)
Conservative) and Liquid Plus categories in the four quarterly CRISIL CPR rankings released during the calendar year 2008. The individual
Birla Sun Life Income Plus: CRISIL~CPR 1 - Consistent CPR Performer - Income (12 Schemes)
Birla Sun Life Income Plus: CRISIL~CPR1 - Income Scheme Category (23 Schemes)
CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses.
Birla Sun Life Short Term Fund - Retail Plan: CRISIL~CPR 1 - Debt Short Term Scheme Category (19 Schemes). Birla Sun Life Income Fund (Income Category) 17 schemes: Only Winner.
Birla Sun Life Cash Plus - Retail Plan: CRISIL~CPR 1 Consistent CPR Performer - Liquid (15 Schemes) Birla Sun Life Short Term Fund - Retail (Income – Short Term Funds) 15 schemes: Only Winner.
Birla Sun Life Gilt Plus - Regular Plan: CRISIL~CPR 2 - Gilt Scheme Category (19 Schemes) Birla Sun Life Gilt Plus – Regular Plan (Gilt Category) 11 schemes: Only Winner.
Birla Sun Life Savings Fund - Instituitional Plan: CRISIL~CPR 2 - Ultra Short Term Debt - Institutional Scheme Category (18 Schemes) Schemes present in all four quarterly CRISIL CPRs were considered for the award. The award is based on consistency of the scheme’s
Birla Sun Life MIP II Fund - Savings 5 Plan: CRISIL~CPR 1 - MIP Conservative Scheme Category (9 Schemes) performance in the four quarterly CRISIL CPR rankings released during the calendar year 2008. The individual CRISIL CPR parameter
Birla Sun Life Floating Rate Fund - Long Term Plan: CRISIL~CPR 2 - Ultra Short Term Debt Scheme Category (29 Schemes) scores averaged for the four quarters were further multiplied by the parameter weights as per the CRISIL CPR methodology to arrive at the
CRISIL~Composite Performance Ranking - (CRISIL~CPR) is the relative performance ranking of mutual fund schemes within the peer group. The criteria final scores. A detailed methodology of the CRISIL CPR is available at www.crisil.com. Past performance is no guarantee of future
used for computing the ranking are AUM in excess of category cut-off limits & portfolio disclosure and performance in case of Liquid Plans, Liquid Institutional results. Rankings and Award Source: CRISIL FundServices, CRISIL Ltd.
For further details on our Funds, please contact our Customers Service Centres at details given below.
BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD. BRANCHES
ANAND : 02692 - 247260 KOTA : 0744 - 2366237
IDEA Toll Free No. 1800-270-7000 & the centralised TOLL no. 022-66917777
BANGALURU (Jayanagar) : 080 - 41555000 MADURAI : 0452 - 4231493 / 83
AGRA AJMER AMRITSAR BANGALURU (Malleswaram) : 080 - 42199223 MANDI GOBINDGARH : 01765 - 250051
AURANGABAD BARODA BELGAUM BANGALURU(Cunningham House Rd) : 080 - 22389991 / 2 / 3 MARGAO : 0832 - 6480109
BHILLAI BHOPAL DEHRADUN BHAVNAGAR : 0278 - 6452524 MATHURA 0565 - 3207007 / 6959
GURGAON HYDERABAD (Abids) INDORE BHUBANESHWAR : 0674 - 2535521 / 3413 MEHASANA : 02762 - 658323 / 16
JABALPUR JAIPUR JALANDHAR CALICUT : 0495 - 4021366 / 99 MUMBAI (Fort) : 022 - 66379839 / 41 / 44 / 12
JAMSHEDPUR JODHPUR KANPUR CHANDIGARH : 0172 - 2783556 MUMBAI (Head Office) : 022 - 66928000
KOLHAPUR LUCKNOW LUDHIANA CHENNAI (Anna Nagar) : 044 - 43016950 / 1 / 2 / 4 / 6 MUMBAI (Prabhadevi) : 022 - 6661035 / 36
MANGALORE MEERUT MORADABAD CHENNAI (Egmore) : 044 - 28191681 / 708 / 715 / 699 MYSORE : 0821 - 4244400 / 1 / 2
MUMBAI (Borivali) MUMBAI (Ghatkopar) NAGPUR COCHIN : 0484 - 2366817 / 2383969 / 4021722 NOIDA : 0120 - 4203629
NASIK PATIALA PUNE COIMBATORE : 0422 - 4350262 / 4 PANIPAT : 0180 - 4005660
RAIPUR RAJKOT RANCHI DELHI : 011- 40744514 PANJIM : 0832 - 2437628
SURAT UDAIPUR VALSAD DHANBAD : 0326 - 2302747 / 8051 PATNA : 0612 - 2323265 / 66
VARANASI VASHI VIJAYWADA DURGAPUR : 0343 - 6454621 / 19 / 3201241 PONDICHERRY : 0413 - 4207997
VISAG ERODE : 0424 - 4558197 / 8 SALEM : 0427 - 4554431
GUWAHATI : 0361 - 2595020 / 2599273 SILIGURI : 0353 - 2545165
AHMEDABAD : 079 - 26403553 / 48 GWALIOR : 0751 - 6499442 / 378 THANE : 022 - 67930660 / 1
ALLAHABAD : 0532 - 2427015 / 3201661 HUBLI : 0836 - 4259989 / 4266283 TRICHY : 0431 - 2773391 / 2 / 3
ALWAR : 0145 - 2700126 JAMMU : 0191 - 2432601 TRIVANDRUM : 0471 - 4017007
AMBALA : 0171 - 2601345 JAMNAGAR : 0288 - 3200064 VAPI : 0260 - 6454735 / 6
AMRAVATI : 0721 - 6451692 KOLKATA : 033 - 22882592 / 4 / 5 VISHAKAPATNAM : 0891 - 6631337 / 8
Disclaimer: Any information contained in this publication does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, Birla Sun Life AMC Ltd./ its subsidiaries / affiliates / sponsors / trustee or their
officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication from time to time. Recipients of the information contained herein should exercise due care and
caution and read the offer documents (including if necessary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein.
Editorial opinions expressed in the 'Connect' are not necessarily those of Birla Sun Life AMC Ltd. or any of their officers, employees, personnel, directors and Birla Sun Life AMC Ltd. and its officers, employees, personnel, directors do not accept responsibility for the editorial content. Birla Sun Life AMC Ltd. or any
of its officers, employees, personnel, directors make no representation as to the accuracy, completeness or reliability of the editorial content and hereby disclaim any liability with regard to the same.
Statutory Details: Constitution: Birla Sun Life Mutual Fund (BSLMF) has been set up as a Trust under the Indian Trust Act, 1882. Sponsors: Aditya Birla Nuvo Limited and Sun Life (India) AMC Investments Inc. (liability restricted to seed corpus of Rs. 1 Lac). Trustee: Birla Sun Life Trustee Company Pvt. Ltd.
Investment Manager: Birla Sun Life Asset Management Company Ltd.Risk Factors: Mutual Funds and securities investments are subject to market risks and there can be no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued
under the Scheme may go up or down depending on the various factors and forces affecting capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Schemes and may not necessarily provide a basis of comparison with
other investments. The names of the Schemes do not, in any manner, indicate either the quality of the Schemes or their future prospects or returns. Unitholders in the schemes are not being offered any guaranteed/assured returns. Investors should read the Offer Document/ Key Information Memorandum
available at Investor Service Centers and with distributors carefully before investing.
The Material provided in the Connect cannot be reproduced or quoted anywhere without express permission from Birla Sun Life Asset Management Company Ltd.
48
The Mutual Fund House The Debt Mutual Fund
of the Year House of the Year
Awarded by CNBC TV-18 CRISIL Awarded by CNBC TV-18 CRISIL
Birla Sun Life Gilt Plus Birla Sun Life Income Birla Sun Life Short
- Regular Plan Fund - Growth Term Fund - Retail
Awarded by CNBC TV-18 CRISIL Awarded by CNBC TV-18 CRISIL Awarded by CNBC TV-18 CRISIL
assistance,
round the clock.
• View portfolio summary • Purchase, Switch & Redeem

• View transaction history • Change TPIN (Telephone Personal Identification Number)
• Track your portfolio • Get Account Statement instantly
Online Portfolio All India Mobile Investment

Access Telephone Manager
www.birlasunlife.com Toll Free : 1-800-22-7000 (MTNL/BSNL) www.birlasunlife.com/mobile

1-800-270-7000
Non Toll Free : +91 22 6691 7777
Highlights The equity market is great at growing money. But wealth created when the market rises can disappear
when it falls. You can try to time the market but that is difficult.
Grow Your Savings
The solution is Birla Sun Life Freedom Fund (BSL Freedom Fund), a disciplined approach to investing that
Save Your Growth
helps make your overall journey to wealth creation smooth, safe and worry-free.
Grow your savings, Save your growth

It is well-known that equity creates wealth in the long run.
But to create wealth, it is important to invest in equities when the markets are rising (to grow Had you invested Rs. 1 lakh in the
your savings) and just as important to move out of equities when the markets are falling (to BSE Sensex…
save your growth). July 1990 Rs 1 lakh
To do this right, you must read the market correctly on a regular basis. Jan 2008 Rs 22 lakhs
Basically, that’s what BSL Freedom Fund aims to do: Jan 2009 Rs 10.6 lakhs
More than half the wealth created in the
• It increases your equity exposure when the markets are rising and reduces your
last 17 years gone in 12 months!
equity exposure when markets are falling. (The change in equity exposure can be through Nifty
futures.)
Data Source: bseindia.com; Computation: Internal
• Our Fund Manager takes these decisions on the basis of a disciplined model.
See the numbers for yourself

In the last 10 years, the equity market has been through two major downturns, besides smaller ups and downs. When the investment
model behind BSL Freedom fund was tested through these tough times, this is how it proved its worth:
BSL Freedom Fund converts

your investments from
High Volatility - High Uncertainity
to Low Volatility - More Certainity!
To seize the opportunity, contact your
Investment Advisor.
The investment model and its performance results depicted above for illustration purposes only and actual future investment
strategy and market conditions may result in significant variances. Past performance including such returns may not reflect future
performance. The investment model performance results show the simulated fund performance based on the revised hedging limit
(Please refer Disclaimers below).The above results referred to are based on certain assumptions (Please refer “Key Assumptions”
below) and are computed internally from sources, which Birla Sun Life Asset Management Company Limited believes to be reliable, Past performance is no guarantee of future
but cannot guarantee its accuracy or completeness. results. For award methodology, see below.
Birla Sun Life Freedom Fund

An open ended balanced scheme
Disclaimer: Currently, the Fund can hedge the portfolio only to the extent of 50%(net exposure) of its net assets as per the Offer Document. However, the Fund has decided to enhance the limit of investments in derivatives in line with the current regulations governing derivative
investments by MFs. The new limit, which would allow the Fund to hedge up to 100% of its equity exposure, to be applicable from 25th May 2009. Model performance may not be indicative of future results or cannot be construed to provide any guaranteed or assured returns.
Different types of investments and strategies involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be profitable.
Key Assumptions for investment model: (1) Period: Jan 01, 1999 to Apr 15, 2009 (2) Equity (Nifty) exposure in spot market maintained between 65% to 75% (3) Equity exposure started with 70% and rebalanced whenever it crosses 65% or 75% (4) Hedge ratio: 0% to 75% of
equity portfolio (This is as per proposed change to the scheme to be effective 25th May 2009. Please refer Disclaimers above), monitored daily, adjusted on need basis. Change in hedge capped at 5% in a day (5) Net equity exposure ranges between a Minimum of 0% to Maximum
75% (6) The returns are calculated on price data of Nifty, and don’t take into account corporate actions (7) The discount and premium of Nifty futures are not considered for the purpose of calculation (8) Costs: Spot market transactions: 0.20%; Nifty futures: 0.0351% of notional;
expense ratio: 2% p.a. (9) Amount that is not invested in spot market is invested in Birla Sun Life Cash Plus (10) Impact of taxes not considered.
Award Methodology & Disclaimer: CNBC TV18 - CRISIL Mutual Fund of the Year Award for 2008 & 2007. Birla Sun Life Mutual Fund, Category - Mutual Fund House of the Year, out of 27 fund houses for 2008 awards and out of 26 fund houses for 2007 awards. Fund Houses
winning at least two awards for their schemes in the category level awards for 2008 and 2007 respectively were considered for the award based on consistency of fund house's performance across various scheme categories in the four quarterly CRISIL CPR rankings released
during the calendar year 2008 and 2007 respectively. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses in both the years. A detailed methodology of the CRISIL CPR is available at
www.crisil.com. Ranking & Award Source: CRISIL Fund Services, CRISIL Ltd. Past performance is no guarantee of future results.
Statutory Details: Constitution: Birla Sun Life Mutual Fund (BSLMF) has been set up as a Trust under the Indian Trust Act, 1882. Sponsors: Aditya Birla Nuvo Limited and Sun Life (India) AMC Investments Inc. (liability restricted to seed corpus of Rs. 1 Lac). Trustee: Birla Sun
Life Trustee Company Pvt. Ltd. Investment Manager: Birla Sun Life Asset Management Company Ltd. Scheme Name & Objective: Birla Sun Life Freedom Fund. An open-ended balanced scheme with an objective to balance income requirements with growth of capital
through a balance mix of investments in equity and debt at relatively moderate levels of risks through a diversified research based investment approach. Date of inception / takeover: October 12, 1999. Load Structure: Entry Load (Including SIP): For Purchase / switch in of units
< Rs. 5 Crores in value: 2.5%. For Purchase / Switch in of units > Rs. 5 Cr. in value: Nil. Direct applications: Nil. Exit Load (Including SIP): For Redemption / switch out of units < Rs.5 Cr. in value: 1% (if redeemed / switched out within 12 months). For Redemption / Switch out of
units > Rs.5 Cr. in value: Nil. Risk Factors: Mutual Funds and securities investments are subject to market risks and there can be no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under
the Scheme may go up or down depending on the various factors and forces affecting capital markets and money markets. Past performance of the Sponsors / Investment Manager / Mutual Fund does not indicate the future performance of the Scheme and may not necessarily
provide a basis of comparison with other investments. The names of the Scheme does not, in any manner, indicate either the quality of the Scheme or its future prospects or returns. Unit holders in the Scheme are not being offered any guaranteed / assured returns. Please refer to
the Scheme Information Document for Scheme specific risk factors. Investors should carefully read the Scheme Information Document / Offer Document / Key Information Memorandum available at Investor Service Centres and with Distributors before investing.
Past performance is no guarantee of future results.
4 fund houses were eligible out of a universe of 26. Period: 4 quarterly CPRs in 2007.
3 fund houses were eligible out of a universe of 27. Period: 4 quarterly CPRs in 2008. For award methodology and further details refer page 48

Frees You To Enjoy The Ride Up Saves You On

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Birla Sun Life Freedom Fund

Past performance is no guarantee of future results.

Asset Allocation guide: Asset Allocation Guide

allocation to equities at different market levels. The

done on a six monthly basis or whenever you review your 10000

Start 6 months 12 months 18 months

Action Action Action

40% 47760 50% 100296 30% 48744

Thus, we see that the asset allocation guide helps you

The local healing effect…

Our Investment Team (In alphabetical order)

Investment Style Box

Mid Investment Performance

Investment Style Box

Mid Investment Performance

Investment Style Box

Mid Investment Performance

5-Star Award by ICRA

As on April 30, 2009

Investment Style Box

Other Parameter Portfolio & Asset Allocation

** Represents thinly traded/ non traded securities.

Investment Style Box

Mid Investment Performance

1 Year 3 Years 0.68

Investment Style Box

Mid Investment Performance

Key Features -50

Investment Style Box

Investment Style Box

Mid Investment Performance

Investment Style Box

Mid Investment Performance

Cement 4.85 Media & Entertainment 1.55

** Represents thinly traded/ non traded securities.

Investment Style Box

Mid Investment Performance

Investment Style Box

Mid Investment Performance

Tech Mahindra Ltd. 1.94 Television Eighteen India Ltd. 1.45

Investment Style Box

Mid Investment Performance

Banks 10.28 Pharmaceuticals 4.99 Transportation 2.10

Investment Style Box

Mid Investment Performance

Key Features -50

Investment Style Box

Mid Investment Performance

Industrial Capital Goods 11.99 Telecom-Services 5.69

Investment Style Box

Investment Period Total Investment Value (Rs.) of SIP in Returns (%)*

Investment Style Box

Mid Investment Performance

Small 30 24.92 22.48

Fertilisers 6.84 Industrial Products 1.88

Fund Details Investment Objective

Load Structure (Incl for SIP)

MTR Corporation Ltd. 3.33 Microsoft Corporation 2.08

Bayer AG 3.08 Aetna Inc. 1.75 Net receivables / payables 1.85

Northrop Grumman Corporation 3.06 Exxon Mobil Corporation 1.74