birla sun life - aditya birla capital · pdf filedistributor code & arn no. sub-broker...

GROUP SYSTEMATIC INVESTMENT PLAN (GSIP)

ACCOUNT OPENING FORM

Continuous offer of open ended schemes at NAV based prices

INCOME SCHEMES GROWTH SCHEMES

Birla Income Plus Birla Advantage FundOpen-ended Income Scheme Open-ended Growth Scheme

Birla Cash Plus Birla India Opportunities FundOpen-ended High Liquidity Income Scheme Open-ended Growth Scheme

Birla Gilt Plus Birla MNC FundOpen-ended Scheme Dedicated To Open-ended Sector Specific SchemeInvesting In Government Securities

Birla MIP Birla Equity Plan(An Open-ended Fund. Monthly income is not assured Open-ended Equity Linked Tax Saving Scheme

and is subject to availability of distributable surplus)

Birla MIP II Birla Index Fund(An Open-ended Fund. Monthly income is not assured and is Open - Ended Index Linked Growth Scheme

subject to availability of distributable surplus)

Birla Floating Rate Fund Birla Midcap FundOpen - Ended Income Scheme Open-ended Growth Scheme

Birla Bond Index Fund Birla Dividend Yield PlusOpen - Ended Income Scheme Open-ended Growth Scheme

Birla Bond PlusOpen-ended Shor t Term Income Scheme

BALANCED FUND

Birla BalanceOpen-ended Balanced Scheme

FUND OF FUNDS

Birla Asset Allocation FundOpen-ended Fund of Funds Scheme

SPONSORS : Birla Global Finance Limited, Apeejay, 2nd Floor, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 023., Sun Life (India) AMC Investments Inc., 150 KingStreet West, Toronto, ON Canada M5H 1J9, INVESTMENT MANAGER : Birla Sun Life Asset Management Company Limited, 2nd Floor, Tower A, Ahura Centre, MahakaliCaves Road, Andheri (East), Mumbai - 400 093., Tel. : +91-22 56928000, Fax : +91-22 56928111, TRUSTEE : Birla Sun Life Trustees Co. Private Limited, 2nd Floor,Tower A, Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400 093., Tel. : +91-22 56928000, Fax : +91-22 56928111, REGISTRARS : CITIBANK N.A.,Unit : Birla Mutual Fund, Ramnord House, 2nd Floor, 77, Dr. Annie Besant Rd., Worli, Mumbai - 400 018., CUSTODIAN : J.P. Morgan Chase Bank, Mafatlal Centre, 9thFloor, Nariman Point, Mumbai - 400 021.

This Common Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details ofthe scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors� rights & services, risk factors, penalties & pending litigations, associatetransactions etc. investors should, before investment, refer to the Offer Document available free of cost at any of the Investor Service Centres or distributors orfrom the website : www.birlasunlife.com.

The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date,and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, norhas SEBI certified the accuracy or adequacy of this Common KIM. This Common KIM is dated September 9, 2004.

Birla Sun LifeMutual Fund

Distributor Code & ARN No. Sub-Broker Code & ARN No. Collection Centre (For Office use Only)

2 SCHEME AND INVESTMENT DETAILS (Please refer instruction no. 8)

SCHEME NAME PLAN OPTION AMOUNT PER MONTH (RS.)

Authorisation to the Organisation (To be filled in by the Investor)

FREQUENCY : MONTHLY

To,Accounts DepartmentDear Sirs,I hereby authorise the organisation to deduct the below mentioned amount towards GSIP from my salary every month andremit it to Birla Mutual Fund. I reserve to modify or discontinue the GSIP deduction.

Name of the Applicant (Employee) ____________________________________________________________________________

(Rs. in Figures) (Rs. In Words) ___________________________

_____________________________________________________________________________________________

START DATE : IMMEDIATE

Note for the Accounts Department : - A consolidated cheque representing all the salary deductions needs tobe issued by the Salary Department (alongwith a list of employees, respective employee codes & respectivededuction amount) in favour of Birla Mutual Fund - GSIP-Collection A/c.

SIGNATURE OF THEFIRST APPLICANT (EMPLOYEE)

Application No.

D D / M M / Y Y Y Y

Employee code

START DATE : I M M E D I A T E

1.

2.

3.

TOTAL

¶Salary Deduction

¶No Post Dated

Cheques Required

Group Systematic Investment Plan (GSIP)-Account Opening Form(For Resident Indians and NRIs)

Application No.

Name of Third Applicant

Name of First Applicant (Employee)1 APPLICANT INFORMATION (Please refer instruction No. 2)

Name of Second Applicant

Mr. Ms.

Communication Details

Tel.(R es.) Tel. (Off .)

Fax No.Mobile

Mode of holding [please tick (ü)]Refer Instruction No. 2(ii)

Single Anyone or Survivor Joint Individual NRI Others........................................

Occupation [please tick (ü)]

Service Others.....................................................................

Status [please tick (ü)]

Mr. Ms.

E-mail

Mr. Ms.

Overseas Address (For NRIs) (In case the same is different from the mailing Address)

D D M M Y Y Y Y

(PLEASE READ THE INSTRUCTIONS BEFORE FILLING UP THE FORM)

Date of Birth

Name of Organisation

Employee code

City Pin Code

Communication Address (Please provide full address. P. O. Box address may not be sufficient) (Indian address in case of NRIs)

GSIP 100001

GSIP

DECLARATION

FirstApplicant(Employee)

SecondApplicant

ThirdApplicant

SPECIMEN SIGNATURES

If you wish to appoint a nominee, please fill the nomination form available with this form or contact any of our branches.

6 NOMINATION

3 STATUTORY DETAILS (Please refer instruction No. 3) (Please note that as per SEBI guideline, it is mandatory for investors to provide their bank account details)

5 E-MAIL COMMUNICATION/ON-LINE ACCESS (Please refer instruction no. 9 & 11)

I/We wish to receivethe following via e-mail

AccountStatement

TransactionConfirmation

I would like to get On-line access. I have read & understood the terms & conditions as perInstruction no. 11 for availing this facility & agree to abide by the same. Yes No

DIRECT CREDIT REMITTANCE FOR REDEMPTION / DIVIDEND

Direct Credit available in : ABN Amro Bank, Citibank, Deutsche Bank, HDFC Bank,HSBC, ICICI Bank, IDBI Bank, Standard Chartered Bank, UTI Bank.

Unit holders having bank account with any one of these bank will receive theirRedemption/Dividend Payments (if any) directly into their bank account.

In case Unit holders wish to receive a cheque (instead of a direct credit into theirbank account), please indicate the preference below :

I/We want to receive the redemption and

dividend proceeds (if any) by way of a cheque.

4 REDEMPTION / DIVIDEND REMITTANCE (Please refer instruction no. 7 & 10)

ELECTRONIC CLEARING SERVICE (ECS) for Dividends only

I authorise Birla Mutual Fund to credit my dividend payments through ECS(Please Tick ü) Yes

Please quote 9 Digit Code No. of your Bank and Branch Corresponding to BankAccount Details given in Section 4 above.

(This number appears on every leaf of your chequebook after your cheque number)

IMPORTANT: Please attach a blank �cancelled� Cheque or a clear photocopy of acheque issued by your bank verifying of the Code No.

(Please ü in this box)

Permanent Account NumberPAN DETAILS (Please refer instruction No. 3 ) (Please note that as per SEBI guideline, it is mandatory for investors to provide their PAN details in case transaction amount is Rs. 50,000/- or more)

Quarterly Newsletter& Annual Report}

Application No.

The Trustee, Birla Mutual FundDear Sirs,Having read and understood the contents of the offer document(s) of the scheme(s), I/We hereby apply to the Trusteeof Birla Mutual Fund for units of scheme(s) of Birla Mutual Fund as indicated above and agree to abide by the terms,conditions, rules and regulations of the scheme (s). I/We hereby declare that the particulars given herein are correct andcomplete. I/We confirm that I/we have not received and will not receive any commission or brokerage or any other incentivein any form, directly or indirectly, for subscribing to units issued under any of the scheme(s).I/We hereby declare that the amount invested in the scheme(s) is through legitimate sources only and does not involve andis not designed for the purpose of any contravention or evasion of any Act, Rules, Regulations, Notifications or Directionsof the provisions of Income Tax Act, 1961, Prevention of Money Laundering Act, 2002, Prevention of Corruption Act, 1988or any other applicable laws enacted by the Government of India from time to time.I, the first applicant, fully understand that my organization is only facilitating my investment in Birla Mutual Fund by way ofsalary deduction.The investment is made by me at my own will and the organization has no role to play in my decision to invest in the scheme/s of Birla Mutual Fund.I shall not hold the organization responsible for any consequence of my investment in the scheme/s of Birla Mutual Fund.�For NRIs only : I/We confirm that I am/we are Non Residents of Indian Nationality/Origin and that I/We have remitted fundsfrom abroad through approved banking channels or from funds in my/our Non-resident External Account / FCNR Account/NRO/NRSR Account.

D D M M Y Y Y Y

First Applicant Second Applicant Third Applicant

BANK DETAILS OF FIRST HOLDER (For Redemption / Dividend Warrants)

Name of Bank

City

Branch

AddressPin

Account Type (Please Tick ü) Current Savings NRO NRE FCNR NRSR

Account No.

GSIP 100001

1. GENERAL INSTRUCTIONS(i) Please read the terms of the Key Information Memorandum and the

Offer Document carefully before filling the Application Form.Investors should also apprise themselves of the prevailing Loadstructure on the date of submitting the Application Form. Investorsare deemed to have accepted the terms subject to which this offeris being made and bind themselves to the terms upon signing theApplication Form and tendering payment.

(ii) Application form should be completed in English and in BLOCKLETTERS. Please tick in the appropriate boxes wherever applicable.

(iii) The signature should be in English or in any of the Indian languagesspecified in the eighth schedule of the Constitution of India. ThumbImpressions must be attested by a magistrate or a notary public ora special executive magistrate under his/her official seal.

(iv) The application complete in all respects must be submitted to theSalary Department. Applications incomplete in any respect are liableto be rejected.

(v) The designated Investors Service Centre will stamp and return theacknowledgement slip to your company, to acknowledge receipt ofthe application.

2. INVESTOR PARTICULARS(i) Name and address must be given in full. P.O. Box address is not

sufficient.(ii) Applicants can specify the mode of holding in the application form

as �Joint� or �Anyone or Survivor�. In the case of holding specifiedas �Joint�, redemption and all other request/transactions would haveto be signed by all unit holders. However, in cases of holdingspecified as �Anyone or Survivor�, any one of the unit holders willhave the power to make all necessary requests, without it beingnecessary for all the unit holders to sign. In the event the accounthas more than one registered unit holders and the mode of holdingis not specified in the application form, the default option for holdingwould be considered to be �anyone or survivor�. However, in allcases, the proceeds of all dividend/redemption will be paid to thefirst named holder. All communications will also be sent to the firstnamed holder.

(iii) Investors should clearly indicate their preference of Scheme, Plan& Option on the application form. If no Option is selected in theapplication form, the investment will be deemed to be for the defaultoption as specified in Instruction no. 8.

3. BANK MANDATE AND PAN MANDATORYSEBI circular dated 1st March, 2004 provides that it shall be mandatoryfor the investors of mutual fund to mention their bank account numbersin their applications/requests for redemptions. Applications without thesedetails will be rejected. An applications for Purchase of Unitsamounting to Rs. 50,000/- or more should quote PAN of the applicant.(In case of Joint applicants, PAN of all holders) along with documentaryproof of PAN (Photocopy of PAN of PAN Card/PAN Letter/Refund Order/Assessment Order/Demand Notice from Income Tax Department). In caseof a minor, PAN details of the Guardian must be submitted. In case aperson does not have a PAN, a declaration in Form 60/Form 61 (asapplicable) must be submitted. Applications without this would be rejectedby the Mutual Fund without any reference to the investor. Applicationswithout these details will be rejected.

4. MODE OF PAYMENTFor Accounts Deparment of the Organisation participating in GSIP.

(a) Employee authorises the company to deduct the investment amountfrom monthly salary.

(b) Accounts Department issues a consolidated cheque in favour of �BirlaMutual Fund - GSIP A/c.� for the total amount of investment (of allemployees put together) along with employee wise deduction detailsin the specified format.In case of deduction towards investment in Birla Cash Plus orBirla Floating Rate, a seperate cheque must be issued by theorganisation favouring �Birla Mutual Fund - GSIP A/c.�.

INSTRUCTIONS FOR FILLING APPLICATION FORM

(ii) Cheque drawn on the bank not participating in the clearing house willnot be accepted.

(iii) Payment through Stockinvest, outstation cheques and cash will notbe accepted.

(iv) Organisations in Centres where the Investors service Centres of the mutualfund are not located are requested to make payment by demand draftspayable at the Centre where the application is to be lodged. D.D. chargeswould be borne by the fund only for the organisations located at placeswhich are not covered by our offices/authorised centres. The maximumcharges so borne by the fund would be restricted to limits as prescribedby State Bank of India.

5. SPECIFIC INSTRUCTION FOR GROUP SYSTEMATIC INVESTMENT PLAN(GSIP)a. SCHEMES AVAILABLE UNDER THE GSIP

Birla Advantage Fund / Birla Asset Allocation Fund / Birla Balance /Birla Bond Plus / Birla Dynamic Bond Fund / Birla Dividend Yield Plus/ Birla Equity Plan / Birla Gilt Plus / Birla India Opportunities Fund /Birla Index Fund / Birla Income Plus / Birla Midcap Fund / Birla MNCFund / Birla MIP (An open ended fund. Monthly Income is not assuredand is subject to availability of distributable surplus) / Birla MIP -II (Anopen ended fund. Monthly Income is not assured and is subject toavailability of distributable surplus).

b. This form should be submitted at least 5 working days before the salarydate.

c. The investor has the right to modify the Scheme and/or amount forfuture GSIP deductions or discontinue future GSIP at any time by fillingin the form specifically designed for this purpose.

d. Please refer to the applicable load structure of the respectiveschemes at the time of the investment.

e. Units will be Allotted / Redeemed / Transferred at the NAV related priceson the transaction days of every month (or next business day, if thetransaction days is a holiday) An updated account statement will besent after each transaction under the GSIP.NOTE : Applications for fresh/ additional purchase would mean the list ofemployee-wise deduction in the specified format received from the organisationin which the employee is working. In case Birla Mutual Fund seeks anyclarification regarding the list (employee details. deduction amount, schemedetails, etc.), the application will be deemed to be valid only after the necessaryclarification/ documentation is received from the organisation to the satisfactionof Birla Mutual Fund.

f. All GSIP purchases are subject to realisation of the Cheque / DD remittedby the Salary Department of the Organisation.

g. This form needs to be submitted by the Employee to the SalaryDepartment of his Organisation. The Salary Department will detachthe portion authorising the salary deduction and send the remainingportion of the form to Birla Mutual Fund.

6. NOMINATIONNomination facility can be availed by unit holders. For details pleaserefer attached nomination form.

7. DIRECT CREDIT OF REDEMPTION / DIVIDENDThe Mutual Fund has an arrangement with select banks to enable directcredit of redemption / dividend proceeds into the bank account of therespective investors who have an account with any of these banks. List ofbanks is given in the application form and is subject to change from time totime .This facility as a mode of payment is faster& safer. The potential riskof loss of instruments in transit through courier / post in also eliminated.In case the bank account as communicated by the Unit holder is with any ofthe select banks, the Mutual Fund shall automatically extend this facility tothe Unit holders. If the remittance is delayed or not effected for reasons ofincomplete or incorrect information, Mutual Fund cannot be held responsible.The Mutual Fund, however, reserves the right to issue a cheque / demanddraft inspite of an investor opting for Direct Credit .However ,if the Unit holders are not keen on availing of the facility and preferreceiving cheques/demand drafts, may indicate so on the application form.The Mutual Fund would then effect the payouts by cheque / demand draft .

5

8. SCHEMES ON OFFER

Investors are required to indicate their choice of Plan and Option at the time of filling up the GSIP Application Form. Please note that if the same is notmentioned, BMF will allot you units under the Default Option of the scheme as stated below. The minimum investment amount per deduction is Rs. 250/-.

6

Scheme Name Plan Options Default Option

EQUITY FUNDS

Birla Advantage Fund (BAF) � Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla Balance (BB) � Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla Dividend Yield Plus (BDYP) � Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla Equity Plan (BEP) � Dividend Payout Dividend Payout

Birla India Opportunities Fund (BIOF) � Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla Index Fund (BIF) � Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla Midcap Fund (BMF) � Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla MNC Fund (BMNC) � Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

FUND OF FUNDS

Birla Asset Allocation Fund (BAAF) Aggressive Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla Asset Allocation Fund (BAAF) Moderate Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla Asset Allocation Fund (BAAF) Conservative Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla Asset Allocation Fund (BAAF) Dynamic Debt Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

DEBT FUNDS

Birla Bond Plus (BBP) Retail Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla Cash Plus (BCP) Retail Daily Dividend Reinvestment Growth Dividend Reinvestment

Birla Dynamic Bond Fund (BDBF) Retail Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

Birla Floating Rate Fund (BFRF) Shor t Term Dividend Reinvestment Growth Dividend Reinvestment

Birla Floating Rate Fund (BFRF) Long Term Dividend Reinvestment Growth Dividend Reinvestment

Birla Gilt Plus (BGP) Regular Quarterly Dividend Payout Quar terly Dividend Reinvestment Growth

Annual Dividend Payout Annual Dividend ReinvestmentGrowth

Birla Gilt Plus (BGP) Liquid Quarterly Dividend Payout Quar terly Dividend Reinvestment GrowthAnnual Dividend Payout Annual Dividend Reinvestment

Growth

Birla Gilt Plus (BGP) PF Quarterly Dividend Payout Quar terly Dividend Reinvestment Growth

Annual Dividend Payout Annual Dividend Reinvestment

Growth Quarterly Gain Growth Annual Gain

Birla Income Plus (BIP) Retail Dividend Payout Dividend Reinvestment Dividend Reinvestment

Growth

7

Scheme Name Plan Options Default Option

Birla MIP (BMIP) � Monthly Dividend Payout Monthly Dividend Reinvestment � Choice of Option : GrowthMonthly Payment Instant Monthly Payment Deferred � Choice of Sub-option

Growth within Monthly Dividend

Option:Dividend

Reinvestment

� Choice of Sub-option

within Monthly PaymentOption : Instant

Birla MIP II (BMIP II) Savings 5 Monthly Dividend Payout Monthly Dividend Reinvestment � Choice of Option : GrowthMonthly Payment Growth � Choice of Sub-option

within Monthly Dividend

Option : Dividend

Reinvestment

Birla MIP II (BMIP II) Wealth 25 Monthly Dividend Payout Monthly Dividend Reinvestment � Choice of Option : Growth

Monthly Payment Growth � Choice of Sub-option

within Monthly Dividend

Option : DividendReinvestment

9. E-MAIL COMMUNICATIONAccount Statements, Quarterly Newsletter, Annual Reports and Transaction Confirmation can be sent to Unit holders by post / e-mail. Should the Unit holder experienceany difficulty in accessing in the electronically delivered documents, the unit holder shall promptly inform the same to the Mutual Fund. It is deemed that the Unit holderis aware of all security risks including possible third party interception of the documents and contents of the documents becoming known to third parties.

10. ELECTRONIC CLEARING SERVICE (ECS)ECS facility is available only in respect of dividend payments and not in the case of Redemption of Units. Investors who have opted for the ECS facility of RBI fordividend payment will receive a direct credit of the amount due to them in their notified account whenever the payment is made through ECS. The Mutual Fund will senda separate advice to the Unit holders informing them of the direct credit. It should be noted that while the Mutual Fund will make all efforts, there is no commitment thatthis facility will be made available to all desirous Investors. Applicants in cities not covered under ECS facility will receive dividend payments by cheques or demanddrafts and the same will be mailed to the Unit holders.

11. ON-LINE ACCOUNT ACCESS (Terms & Conditions)

i. User of Customer Identification PIN (CIP) facility in the parlance of Birla Sun Life Asset Management Co Ltd (BSLAMC) means a Unitholder beingserviced by BSLAMC.

ii. A CIP will enable the user to view the Account Statement on the Birla Sun Life website (www.birlasunlife.com) and other services mentioned hereinafter.

iii. The user shall have no objection to BSLAMC verifying the identity before allotting the CIP.

iv. The CIP allotted to the user is confidential in nature and the user confirms that he/she will keep the CIP confidential and will not divulge it to anybodyelse. The user also agrees to take all possible care to prevent discovery of the CIP by any person. The responsibility for misuse of the CIP of the Useris solely of the user and BSLAMC shall not be responsible for the use/misuse of the CIP in any manner whatsoever.

v. The User shall inform BSLAMC immediately in case the CIP becomes known to any other person. BSLAMC may in its absolute discretion, issue to theuser a new CIP on similar terms and conditions or under such terms and conditions as BSLAMC may deem fit.

vi. BSLAMC will take reasonable efforts to keep its website updated so as to provide most current information to the user. The user acknowledges thatBSLAMC expressly disclaims liability for errors or omissions in the information on the website. The user also recognises that because of communica-tion and other issues, it is possible that the site may not be operating/working on many occasions. The user also agrees that the look and feel of theWeb screen and outputs there from may differ based on the nature of the software used by the user to browse the site. The user agrees not only to theterms and conditions herein contained but also the disclaimer and other matters, as may be displayed/posted on the site.

vii. BSLAMC may, in the interest of the user request a fax confirmation of the Instructions and any additional information that BSLAMC may require.BSLAMC shall not be bound to act on instructions/ requests received until the said fax confirmation and additional information is received from theuser.

viii. The user shall be fully liable to BSLAMC for every transaction entered into using the CIP facility, whether with or without the knowledge of the user andconsequences thereof.

ix. The user shall not use the online services on a PC or other Internet access device which belongs to any other person or which is provided to the userby his/her employer without such person�s or, as the case may be, his/her employer�s previous written permission. BSLAMC will not be responsible forany harm or loss caused to any person as a result of the user not complying with this condition. The user indemnifies and agrees to keep BSLAMC atall times saved, defended, harmless and indemnified from and against any and all loss, costs, outgoings, expenses, claims, damages or conse-quences whatsoever that BSLAMC may suffer as a result of the user using any PC or Internet device without the permission of the owner thereof andhe/she shall be bound to compensate. BSLAMC shall not be liable for the non-suitability thereof or if any other data or software contained in such PCor Internet access device through which the online services are accessed by the user is damaged or lost in any manner whatsoever.

x. The user is aware of all security risks including possible third par ty interception of his/her account and the content of his/her account becoming knownto third par ties. The user accepts that the use of online services is not a secure method of viewing, accepting and transmitting information and that itinvolves security hazards and the risk of any loss of information or obtaining of information by any third par ty will be to his/her account and BSLAMCshall, in no way, be held responsible for the same and this shall not be considered as a breach of its or its constituent company � user confidentiality.

xi. The user agrees that the use and storage of any information including without limitation, the CIP, account information, transaction activity, accountbalances and any other information available on the user personal computer is at his/her own risk and is his/her sole responsibility.

8

APPLICABLE NAV

� Applicable NAV for subscriptions/purchases including switch-in of Units for the above schemesIn respect of valid applications received upto 3 p.m. by the Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where theapplication is received, the closing NAV of the day on which application is received shall be applicable.In respect of valid applications received after 3 p.m. by the Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where theapplication is received, the closing NAV of the next business day shall be applicable.Please note that switch-in to Birla Index Fund is presently not permitted.NOTE : Applications for fresh/ additional purchase would mean the list of employee-wise deduction in the specified format received from the organisation in which theemployee is working. In case Birla Mutual Fund seeks any clarification regarding the list (employee details, deduction amount, scheme details, etc.), the application willbe deemed to be valid only after the necessary clarification/ documentation is received from the organisation to the satisfaction of Birla Mutual Fund

� Applicable NAV for Redemptions including switch-out of Units for the above schemesIn respect of valid applications received upto 3 p.m. by the Mutual Fund, same day�s closing NAV shall be applicable.In respect of valid applications received after 3 p.m. by the Mutual Fund, the closing NAV of the next business day shall be applicable.Please note that switch out facility is presently not available to the investors of Birla Index Fund.Note : (For transaction reported On-line) :-In respect of valid Redemption and Switch transactions reported Online upto 2.30 p.m., same days closing NAV shall be applicable.In respect of valid Redemption and Switch transactions reported Online after 2.30 p.m., the closing NAV of the next business day shall be applicable.

xii. The user shall not interfere with, alter, amend, tamper with or misuse in any manner whatsoever the Online Services and in the event of any damagedue to improper or fraudulent use by the user, he / shall be liable in damages to BSLAMC.

xiii. In case of any discrepancy in the details of any transaction carried out in respect of the user�s Account, the user shall be obliged to intimate BSLAMCthereof in writing within 10 (ten) days of receipt of the Statement of Account / policy document in respect of the user, failing which the statement /policy will be deemed to be correct and accepted by the user.

xiv. BSLAMC is authorized to provide any information or details relating to the user or his/her account to any third person so far as is necessary to giveeffect to any instructions or to comply with any order of Cour t or of any competent/ statutory authority or as is required under applicable law.

xv. The user hereby acknowledges that he/she is utilizing this facility at his/her own risk. These risks would, among others, include the following:(a) Misuse of Password:

The user acknowledges that if any third person obtains access to his/her password such third person would be able to provide transaction requestto BSLAMC. The user shall ensure that the terms and conditions applicable to the use of the password as contained herein are complied with at alltimes.

(b) Internet Frauds:The Internet per se is susceptible to a number of frauds, misuse, hacking and other actions, which could affect Instructions to BSLAMC. WhilstBSLAMC shall aim to provide security to prevent the same, there cannot be any guarantee from such Internet frauds, hacking and other actions,which could affect Instructions to BSLAMC. The user shall separately evaluate all risks arising out of the same.

(c) The technology for enabling the services offered by BSLAMC could be affected by virus or other malicious, destructive or corrupting code,programme or macro. This could result in delays in the processing of Instructions or failure in the processing of instructions and other suchfailures and inabilities. The user understands that BSLAMC disclaims all and any liability, whether direct or indirect, whether arising out of loss ofprofit or otherwise arising out of any failure or inability by BSLAMC to honour any user instruction for whatsoever reason. The user understandsand accepts that BSLAMC shall not be responsible for any of the aforesaid risks. The user also accepts that BSLAMC shall disclaim all liability inrespect of the said risks.

xvi. The user acknowledges having read and understood the Terms and Conditions relating to opening of an account and various services. The useraccepts and agrees to be bound by the said Terms and Conditions including those excluding BSLAMC�s liability.

xvii.The user understands that BSLAMC may, at its absolute discretion, alter, suspend or terminate any of the services completely or par tially without anynotice to the Unitholder and without assigning any reasons thereof.

xviii.The user agrees that at present online services are offered as a privilege services to the users without any charge. However, BSLAMC may levy anyservice charges as applicable from time to time in consideration for the services provided herein. However users not consenting to the charge then,may opt out of the CIP facility

xiv. BSLAMC reserves the exclusive right to amend the terms and conditions for issue and use of CIP to the users without any prior approval of the userconcerned, and thereafter such amended terms and conditions will apply to the user.

xx. In consideration of BSLAMC providing the user with the online services, user agrees to indemnify and keep safe, harmless and indemnified BSLAMC,its constituent companies, their officers, employees, successors and assigns from and against all actions, claims, demands, proceedings, loss,damages, costs, charges and expenses whatsoever which BSLAMC or its constituent companies may at any time incur, sustain, suffer or be put to asa consequence of or arising out of the user� use of the said online services.

xxi. The user hereby indemnifies and agrees to keep BSLAMC saved, defended, harmless and indemnified for all liabilities, losses, damages and expenseswhich BSLAMC may sustain or incur either directly or indirectly as a result of : a) Illegal, unauthorized, fraudulent usage or misuse of the user�s CIPto access BSLAMC�s Website; all requests carrying the user�s CIP as evidenced by electronic records available at BSLAMC will be the user�s soleresponsibility b) Non-compliance of the terms and conditions relating to online services on BSLAMC�s website.

xxii.The Cour ts in Mumbai alone shall have jurisdiction over all disputes arising out of or in respect of this arrangement.12. NRI INVESTORS

Repatriation basis:Payments by NRIs may be made by way of Indian rupee drafts purchased abroad or out of funds held in NRE account or by way of cheques drawn on non-resident external accounts payable at par and payable at the cities where the Investor Service Centres are located.In case of Indian rupee drafts purchased and subscriptions through NRIs account, an account debit cer tificate from the bank issuing the draft confirmingthe debit should also be enclosed.Non Repatriation basis:NRIs investing on a non repatriable basis may do so by issuing cheques/demand drafts drawn on Non-Resident Ordinary (NRO) account payable at thecities where the Investor Service Centres are located.

9

1.

2.

3.

4.

FORM FOR CHANGING GSIP AMOUNT AND / OR GSIP SCHEME/S OR FOR DISCONTINUING THE GSIPPART A

(To be sent to Birla Mutual Fund)

Name of the Employee : _____________________________________________________________________________________________________________________________________________________________________________

Name of the Organisation : _____________________________________________________________________________________________________________________________________________________________________________

Employee Code : ____________________________________________________________________________

ToBirla Mutual Fund

Dear Sirs,

I) I hold a GSIP account (Account Number) in your Fund. I hereby request you to change myGSIP investment details as under for my future GSIP instalments :

Old GSIP Details New GSIP Details

Scheme Plan Option Amount Per Scheme Plan Option Amount PerMonth (Rs.) Month (Rs.)

Total Total

PAN No. : (mandatory if the new monthly instalment in any of the scheme is equal to or more than Rs. 50,000)

OR

II) I hold a GSIP account (Account Number) in your Fund. I hereby request you to discontinuemy future GSIP investments. Necessary instruction in this regard has been submitted to my Account/Salary Department.

Signature : ____________________________________________ ____________________________________________ ____________________________________________(1st Applicant) (2nd Applicant) (3rd Applicant)

Date : ____________________________________

PART B(To be submitted to the Account / Salary Department of investor’s organisation)

Authorisation to the OrganisationTo,The Accounts DepartmentDear Sirs,

I) I hereby authorise the organisation to change my future monthly salary deduction for remittance relating to my GSIP investments to Birla MutualFund as under :

Old Deduction Amount (should be the same as the total New Deduction Amount (should be the same asamount as mentioned in ‘Old GSIP Details’ of Part A) the total amount as mentioned in ‘New GSIP Details’ of Part A)

Amount in words ________________________________________________________ Amount in words ________________________________________________________

_____________________________________________________________________________ _____________________________________________________________________________

Amount in figures ______________________________________________ Amount in figures ______________________________________________

OR

II) I hold a GSIP account (Account Number) in your Fund. I hereby request you to discontinuemy future GSIP deduction. Necessary instruction in this regard may kindly be forwarded to Birla Mutual Fund.

Name ________________________________________________________________________________________________________________ Employee Code ___________________________________________________________________________

Signature ________________________________________________________________________________________________________ Date ___________________________________________________________________________

10

INSTRUCTIONS :

1. The form, duly filled in all respects, should be submitted to the Salary Department atleast 5 days before the next deduction date.

2. Part A of the form should be sent by the Salary Department to Birla Mutual Fund alongwith the next consolidated GSIP cheque.

3. Part B of the form needs to be retained by the Salary Department.

4. In case the employee wishes to change the scheme/s and/ or amounts with the total amount of salary deduction remaining the same

(i.e. only the composition of the total deduction undergoes a change), the Salary Depar tment may ignore Part B (since there will beno change as far as the total salary deduction is concerned). However, in such cases also, the Salary Department needs to send Part

A to Birla Mutual Fund so that the request for changes in the scheme/ amounts are acted upon by Birla Mutual Fund.

« « « «

11

To,

Birla Mutual Fund, Ahura Centre, 2nd Floor, Tower A, 96-A/D Mahakali Caves Road, Andheri-East, Mumbai-400 093

I / We ___________________________________________ , ___________________________________________ and __________________________________________ do

hereby nominate the person more particularly described hereunder/ and / cancel the nomination (*) made by me / us on the ___________________ day

of ____________________ in respect of the Units under Folio No. _________________________.(* strike out which is not applicable)

NAME AND ADDRESS OF NOMINEE

FORM FOR NOMINATION / CANCELLATION OF NOMINATION(to be filled in by individual(s) applying singly or jointly)

Name : ___________________________________________________________________________________________________

Address: : ___________________________________________________________________________________________________

___________________________________________________________________________________________________

___________________________________________________________________________________________________

Date of Bir th : ___________________________________________________________________________________________________(to be furnished in case the Nominee is a minor)

The Nominee is a minorwhose Guardian is : ___________________________________________________________________________________________________

Address of : ___________________________________________________________________________________________________

___________________________________________________________________________________________________

___________________________________________________________________________________________________

Signature ofthe Guardian : ___________________________________________________________________________________________________

Unit holder(s)

Name & Address Signature and Date

1) ____________________________________________________________________________

____________________________________________________________________________ _____________________________________________

____________________________________________________________________________ _____________________________________________

2) ____________________________________________________________________________

____________________________________________________________________________ _____________________________________________

____________________________________________________________________________ _____________________________________________

3) ____________________________________________________________________________

____________________________________________________________________________ _____________________________________________

____________________________________________________________________________ _____________________________________________

Witness(es)-(Witness could be same for all Unit holders)

Name & Address Signature and Date

1) ____________________________________________________________________________

____________________________________________________________________________ _____________________________________________

____________________________________________________________________________ _____________________________________________

2) ____________________________________________________________________________

____________________________________________________________________________ _____________________________________________

____________________________________________________________________________ _____________________________________________

3) ____________________________________________________________________________

____________________________________________________________________________ _____________________________________________

____________________________________________________________________________ _____________________________________________

TERMS AND CONDITIONS1. The nomination can be made only by individuals applying for / holding units on their own behalf singly or jointly. Non-individuals

including society, trust, body corporate, par tnership firm, Kar ta of Hindu Undivided Family, holder of Power of Attorney cannot nominate.If the units are held jointly, all joint holders will sign the nomination form.

2. A minor can be nominated and in that event, the name and address of the guardian of the minor nominee shall be provided by the unitholder.

3. Nomination can also be in favour of the Central Government, State Government, a local authority, any person designated by vir tue ofthese offices or a religious or charitable trust.

4. The Nominee shall not be a trust, society, body corporate, partnership firm, Karta of Hindu Undivided Family or a Power of At torneyholder. A non-resident Indian can be a Nominee subject to the exchange controls in force, from time to time.

5. Nomination in respect of the units stands rescinded upon the transfer of units.

6. Transfer of units in favour of a Nominee shall be valid discharge by the Asset Management Company against the legal heir.

7. The cancellation of nomination can be made only by those individuals who hold units on their own behalf singly or jointly and who madethe original nomination.

8. On cancellation of the nomination, the nomination shall stand rescinded and the Asset Management Company shall not be under anyobligation to transfer the units in favour of the Nominee.

Guardian

13

Birla Advantage Fund

Type of Scheme Open ended Growth Scheme

Investment Objective The objective of the scheme is to achieve long-term growth of capital, at relatively moderate levels of risk through a diversified research basedinvestment approach.

Asset Allocation Pattern Types of Instruments Normal Allocation (% of Net Assets)of the scheme

Equity and Equity Linked Instruments At least 70%Debt securities & Money market instruments Upto 30%

Risk Profile of the Scheme Mutual Fund investments are subject to market risks. Please read the offer document carefully for details on risk factors before investment.

Plans and Options Dividend (with Reinvestment facility) & Growth

Applicable NAV Please refer to page no. 7

Minimum Application Please refer to Instruction No. 8 on page no. 6 & 7Amount/ Number of Units

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the authorised centres of the Birla Mutual Fund.(Redemption) Request

Benchmark Index BSE Sensex

Dividend Policy Dividend will be declared subject to the availability of Distributable Surplus. The actual declaration of dividend and frequency thereof will be at thediscretion of Trustees.

Name of the Fund Manager Mr. Paras Adenwala

Name of the Trustee Company Birla Sun Life Trustee Company Private Limited

Performance of the scheme :

Compounded annualised returns (%) of Growth option as at August 31, 2004.

Expenses of the Scheme

(i) Load Structure Entry load : (i) In respect of each purchases / lateral shift- in of Units less than Rs. 5 crores in value, an Entry load of 2.25% is applicable. (ii) Inrespect of each purchases / lateral shift-in of Units, equal to or greater than Rs. 5 crores in value, No Entry load is applicable.Exit load : NilThe load structure is subject to change. Please refer to the applicable load structure at the time of investing.

(ii) Recurring expenses First Rs. 100 crores : 2.50% Actual expenses for the previous financial year (2003-2004) : 2.32%

Next Rs. 300 crores : 2.25%


Balance : 1.75%

Tax treatment for the Please refer to page no. 30Investors(Unitholders)

Daily Net Asset Value The NAV will be declared on all business days and will be published in 2 newspapers. NAV can also be viewed on www.birlasunlife.com and(NAV) Publication www.amfiindia.com. Investors can also call up at our toll free number 1-600-22-7000.

For Investor Grievances Birla Sun Life Asset Management Company Limited, 2nd Floor, Tower A, Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400 093please contact Tel. : +91-22 56928000 Fax : +91-22 56928111; E-mail: [email protected]

OR Any of the Investor Service Centres of Birla Mutual Fund.

Unitholders� Information Accounts statement for each transaction and annual financial results shall be provided to investors by post or by email. Half yearly scheme portfoliowill either be mailed to the unit holders� or published in the news papers as permitted under SEBI (Mutual Funds) Regulations, 1996.

Birla Advantage Fund - Growth

Returns 1 Year * 3 Years 5 Years SinceInception

BAF Gr 33.65 30.70 11.60 20.33

BSE Sensex 22.12 16.95 1.17 4.37

Inception - February 24,1995

Note : Past performance may or may not sustained in future.

*Absolute Returns

Yearw ise Returns ( Financial Yr Mar - Apr)

2

(14)

157

120

(59)

83

34

(28)

(4)

(13)

(100)

(50)

0

50

100

150

200

250

2003 - 04 2002 - 03 2001 - 02 2000 - 01 1999 - 00

Ret

urns

(%

)

BAF Gr BSE Sensex

14

Birla Equity Plan

Type of Scheme Open ended Equity Linked Savings Scheme (ELSS) (All investment in the scheme are subject to a lock-in period of 3 years from the date of allotment)

Investment Objective To achieve long term growth of capital along with income tax relief for investment.


Equity and Equity Linked Instruments At least 80%Short term Money market instruments & other liquid instruments Upto 20%


Plans and Options Dividend Payout




Benchmark Index BSE Sensex


Name of the Fund Manager Mr. Nishid Shah



Compounded annualised returns (%) of Growth option as atAugust 31, 2004.


(i) Load Structure Entry load : (i) In respect of each purchases / lateral shift-in of Units less than Rs. 5 crores in value, an Entry load of 2.25% is applicable. (ii) In respectof each purchases / lateral shift-in of Units, equal to or greater than Rs. 5 crores in value, No Entry load is applicable.Exit load : NilThe load structure is subject to change. Please refer to the applicable load structure at the time of investing.




Balance : 1.75%






Birla Equity Plan

Returns 1 Year* 3 Years 5 Years SinceInception

Birla Equity Plan 44.30 46.98 23.29 26.23

BSE Sensex 22.12 15.95 1.17 8.28


Note : Past per formance may or may not sustained in future.

*Absolute Returns

Yearwise Returns ( Financial Yr Mar- Apr)

153

(1)

5

(60)

200

83

(13)

(4)

(28)

34

(180)

(130)

(80)

(30)

20

70

120

170

220

2003 - 04 2002 - 03 2001 - 02 2000 - 01 1999 - 00

Ret

urns

( %

)

Birla Equity Plan BSE Sensex

15

Birla India Opportunities Fund


Investment Objective To achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following:1. Leverage India�s intellectual capital for providing services, research and creative inputs.2. Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services.3. Leverage India�s lower labour costs for providing services and manufactured goods.4. Leverage India�s large population of English speaking people for providing services.


Equity and Equity Linked Instruments 70%- 100%

Cash, Money market instruments & short term debt instruments 0%- 30%






Benchmark Index CNX 500


Name of the Fund Manager Mr. Deven Sangoi









Balance : 1.75%






Birla India Opportunities Fund - Growth

Returns 1 Year* 3 Years SinceTakeover

Birla India Oppor-tunities Fund Gr 46.70 48.17 -0.56

CNX500 24.92 26.24 4.73

Date of takeover - December 27,1999


*Absolute Returns

Yearwise Returns ( Financial Yr Mar- Apr)(2

)

41

(73)

107

(11)

3

(43)

68

(130)

(80)

(30)

20

70

120

170

2003 - 04 2002 - 03 2001 - 02 2000 - 01

Ret

urns

(%

)

Birla India Opportunities Fund Gr CNX500

16

Birla MNC Fund


Investment Objective To achieve long term growth of capital at relatively moderate levels of risk by making investments in securities of multinational companies through aresearch based investment approach


Equity and Equity Linked Instruments Upto 100%

Debt & Money market instruments Upto 20%






Benchmark Index CNX MNC


Name of the Fund Manager Mr. Paras Adenwala









Balance : 1.75%






Birla MNC Fund

Returns 1 Year* 3 Years SinceTakeover

BMNCF Gr 40.18 28.89 7.75

CNXMNC -2.24 1.63 -4.99

Date of takeover - December 27,1999


*Absolute Returns


89

-9.0

0

12

-27

45

-23

0

-14

(80)

(30)

20

70

120

2003 - 04 2002 - 03 2001 - 02 2000 - 01

Ret

urns

(%

)

BMNCF Gr CNX MNC

17

Birla Balance

Type of Scheme Open ended balanced scheme

Investment Objective To balance income requirement with growth of capital through balance mix of investment in equity and debt at relatively moderate levels of riskthrough a diversified research based investment approach


Equity and Equity Linked Instruments Above 50% -Upto 75%

Debt & Money market instruments At least 25% - Below 50%





Despatch of Repurchase(Redemption) Request Within 10 working days of the receipt of the redemption request at the authorised centres of the Birla Mutual Fund.

Benchmark Index CRISIL Balanced Fund Index


Name of the Fund Manager Mr. Nishid Shah & Navneet Munot









Balance : 1.75%






Birla Balance Fund - Growth

Returns 1 Year* 3 Years SinceInception

Birla Balance Gr 20.29 22.30 8.30

Crisil BalancedFund Index 15.45 - -

Inception - October 12,1999


*Absolute Returns


79

-4.6

5

2

52

(5)

(44)

(100)

(50)

0

50

100

2003 - 04 2002 - 03 2001 - 02 2000 - 01

Ret

urns

( %

)

Birla Balance Gr Crisil Balanced Fund Index

18

Birla Index Fund

Type of Scheme Open ended Index- Linked Growth Scheme

Investment Objective To generate returns that are commensurate with the performance of the Nifty, subject to tracking errors.


Securities covered by the Nifty including derivatives Upto 100%

Cash & Money market instruments including Mibor linked instruments 0% - 10%






Benchmark Index S & P CNX Nifty


Name of the Fund Manager Mr. Naveen Munot





(i) Load Structure Entry load : NilExit load : NilThe load structure is subject to change. Please refer to the applicable load structure at the time of investing.




Balance : 1.75%






Birla Index Fund - Growth

Returns 1 Year * SinceInception

BIF 19.48 30.62

S&P Nifty 20.11 28.78

Inception - September 17,2002


*Absolute Returns


8183

0

20

40

60

80

100

2003 - 04

Ret

urns

(%)

BIF S&P Nifty

19

Birla Mid Cap Fund

Type of Scheme Open ended Growth scheme

Investment Objective The fund�s investment objective is long term growth of capital at controlled level of risk by investing primarily in �Mid-Cap� Stocks. The level of risk issomewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aim is to generate higher returns than a fund focused on large andliquid stocks.

Asset Allocation Pattern Types of Instruments (% of Net Assets)of the scheme

Equity & related instruments of companies with a market capitalisation of betweenRs. 150 crores to Rs. 1500 crores. (Mid-Cap Stocks) 65% - 100%

Equity & related instruments of companies with a market capitalisation of more than Rs.1500 crores or less than Rs.150 crores. 0 % - 35%

Cash, Deposits & Money market instruments including Mibor linked short term papers 0% - 5%






Benchmark Index CNX Midcap 200 Index


Name of the Fund Manager Mr. Nishid Shah









Balance : 1.75%






Birla Mid Cap Fund - Growth


BMCF Gr 52.52 40.16

CNX Midcap 200 56.41 68.13



*Absolute Returns


117 13

9

(30)

20

70

120

170

2003 - 04

Ret

urns

(%

)

BMCF Gr CNX Midcap 200

20

Birla Dividend Yield Plus

Type of Scheme Open ended Growth scheme

Investment Objective To provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively highdividend yield.

Asset Allocation Types of Instruments Normal Allocation (% of Net Assets)Pattern of the scheme

Equity and Equity Related Instruments Upto 100%

Cash and Money market instruments Upto 10%






Benchmark Index CNX 500 Index


Name of the Fund Manager Mr. Deven Sangoi









Balance : 1.75%






Birla Dividend Yield Plus - Growth


BDYP Gr 36.53 63.49

CNX500 24.92 46.34



*Absolute Returns

123.40107.40

0

20

40

60

80

100

120

140

2003 - 04

Ret

urns

( %

)

BDYP Gr CNX500


21

Birla Asset Allocation Fund

Type of Scheme Open ended Fund of Funds scheme

Investment Objective The primary objective of the scheme is to provide income and capital appreciation alongwith diversification by investing in a basket of debt and equitymutual fund schemes in line with the risk profile of the investors.

Aggressive Plan Moderate Plan Conservative Plan Dynamic Debt Plan

Asset Allocation Pattern Types of Instruments Asset Nor mal Types of Asset Nor mal Types of Asset Nor mal Types of Nor malof the scheme Allocation Allocation Instr uments Allocation Allocation Instr uments Allocation Allocation Instr uments Allocation

Range (% of Net Range (% of Net Range (% of Net (% of NetAssets) Assets) Assets) Assets)

Equity Schemes 75%- 80% 75% Equity Schemes 40%- 60% 51% Equity Schemes 20%- 25% 25% Equity Schemes 0%Debt Schemes 20%- 25% 25% Debt Schemes 40%- 60% 49% Debt Schemes 75%- 80% 75% Debt Schemes 100%


Plans and Options Plans : Aggressive, Moderate, Conservative, Dynamic DebtOptions : Dividend (with Reinvestment facility) & Growth




Benchmark Index Conservative Plan: CRISIL MIP Blended Index, Dynamic Debt Plan: CRISIL Composite Bond Fund Index, Aggressive Plan: S & P CNX Nif ty, ModeratePlan: Crisil Balanced Fund Index


Name of the Fund Manager Aggressive, Moderate & Conservative Plan : Mr. Deven Sangoi and Mr. Satyabrata Mohanty, Dynamic Debt Plan : Mr. K. Ramanathan





(i) Load Structure Entry load : Aggressive Plan: 1.50%, Moderate Plan: 1.00% Conservative Plan: 0.50%, Dynamic Debt Plan: NilExit load : NilThe load structure is subject to change. Please refer to the applicable load structure at the time of investing.

(ii) Recurring expenses First Rs. 100 crores : 0.35% Actual expenses for the previous financial year (2003-2004) : N.A.Next Rs. 300 crores : 0.35% Note : This being fund of funds schemes, the investor are bearing theNext Rs. 300 crores : 0.35% recurring expenses of the scheme in addition to the expenses of otherBalance : 0.35% schemes in which fund of funds scheme makes investment.






Birla AAF

Returns Since(Absolute) Inception *

Birla AAF -Moderate Plan -Growth -0.83Crisil BalancedFund Index -5.08

Birla AAF -Aggressive Plan -Growth -1.59S&P CNX Nifty -11.68

Birla AAF

Returns Since(Absolute) Inception *

Birla AAF -Conservative Plan- Growth 1.89Crisil MIPBlended Index -2.14

Birla AAF -Dynamic DebtPlan - Growth 2.00Crisil CompositeBond Fund Index -1.45

Inception - January 23,2004Note : Past per formance may or may not

sustained in future.*Absolute Returns

22

Birla Income Plus

Type of Scheme Open ended Income Scheme

Investment Objective To generate consistent income, through superior yields on its investments, at relatively moderate levels of risk through diversified research basedinvestment approach. This income may be complemented by price changes of instruments in the portfolio.


Debt and Money market instruments Entire 100%


Plans and Options Plans : Retail & InstitutionalOptions : Dividend (with Reinvestment facility) & Growth




Benchmark Index CRISIL Composite Bond Fund Index

Dividend Policy Dividend will be declared subject to the availability of Distributable Surplus. The actual declaration of dividend and frequency thereof will be at thediscretion of Trustees.Current record date are : Institutional Dividend : March 26, June 26 Sept. 26, Dec. 26th. Retail Dividend : March 15, June 15, Sept. 15, Dec. 15.

Name of the Fund Manager Mr. K. Ramanathan





(i) Load Structure Entry Load: NilExit Load: Retail Plan : (i) In respect of each purchase / lateral shift in of Units upto and including Rs. 10 lacs in value, an Exit load of 0.60% is payableif the Units are redeemed/lateral shifted out within 180 days. In respect of each purchase/lateral shift in of Units, greater than Rs. 10 lacs in value, noexit load is payable. Institutional Plan : NilThe load structure is subject to change. Please refer to the applicable load structure at the time of investing.

(ii) Recurring expenses First Rs. 100 crores : 2.25% Actual expenses for the previous financial year (2003-2004):Next Rs. 300 crores : 2.00% Birla Income Plus - Institutional Plan : 1.10%Next Rs. 300 crores : 1.75% Birla Income Plus - Retail Plan : 1.62%Balance : 1.50%






Birla Income Plus - Growth


BIP Gr 0.40 9.28 10.93 12.09Crisil CompositeBond Fund Index 0.45 - - -



*Absolute Returns


9.09

12.4

7 17.2

6

11.2

8

13

8.80 10

.86

0

5

10

15

20

2003 - 04 2002 - 03 2001 - 02 2000 - 01 1999 - 00

Ret

urns

( %

)

BIP Gr Crisil Composite Bond Fund Index

23

Birla Gilt PlusType of Scheme Open ended Government Securities Scheme

Investment Objective To generate income and capital appreciation through investments exclusively in Government Securities.

Asset Allocation Types of Instruments Normal Allocation (% of Net Assets)

Pattern of the scheme Securities created and issued by the central government and/or repos/reverse Upto 100%repos in such government securities as may be permitted by the RBI.

The scheme may also invest a portion of the corpus in call money market or in an alternative investment for the call money market as may be providedby RBI to meet the liquidity requirements.


Plans and Options Plans: Liquid Plan : Options : Quarterly Dividend (with Reinvestment facility), Annual Dividend (with Reinvestment facility), & GrowthPF Plan : Options : Quarterly Dividend (with Reinvestment facility), Annual Dividend (with Reinvestment facility), & Growth (Quarterly & Annual Gain)Regular Plan : Options : Quarterly Dividend (with Reinvestment facility), Annual Dividend (with Reinvestment facility), & Growt h




Benchmark Index Liquid Plan: I-Sec Si-Bex PF Plan: I-Sec Li-Bex Regular Plan: I-Sec Li-Bex

Dividend Policy Dividend will be declared subject to the availability of Distributable Surplus. The actual declaration of dividend and frequency thereof will be at thediscretion of Trustees. Record dates under Quarterly Dividend option will be March 15, June 15, Sept. 15, Dec. 15. Record date for Annual Dividendoption will be announced from time to time.

Name of the Fund Manager Mr. Navneet Munot



Compounded annualised returns (%) of Growth optionas at August 31, 2004.


(i) Load Structure Entry Load: NilExit Load: Liquid Plan & Regular Plan: NilPF Plan: 1.00% if exited within 365 daysThe load structure is subject to change. Please refer to the applicable load structure at the time of investing.

(ii) Recurring expenses First Rs. 100 crores : 2.25% Actual expenses for the previous financial year (2003-2004) :Next Rs. 300 crores : 2.00% Birla Gilt Plus - Liquid Plan : 1.50%Next Rs. 300 crores : 1.75% Birla Gilt Plus - Regular Plan : 1.50%Balance : 1.50% Birla Gilt Plus - PF Plan : 1.49%






Birla Gilt Plus

Returns 1 Year* 3 Years SinceInception

BGP Liquid Gr 3.59 7.64 9.76

I-Sec Si-BEX 4.06 - -

BGP PF Plan Gr -0.77 12.08 13.48

I-Sec Li-BEX -1.74 - -

BGP Regular Plan Gr -0.59 14.13 15.73

I-Sec Li-BEX -1.74 - -


Note : Past performance may or may not sustained infuture.

*Absolute Returns


7.8

3

15.2

1

10.7

4

7.8

3

7.8

0

6.0

8

0

5

10

15

20

2003 - 04 2002 - 03 2001 - 02 2000 - 01

Re

turn

s (

%)

BGPL Gr I-Sec Si-BEX


13.1

6

14.8

2

24.2

8

12.8

1

14.9

3

16.2

1

0

5

10

15

20

25

30

2003 - 04 2002 - 03 2001 - 02 2000 - 01

Ret

urns

( %

)

BGP PFP Gr I-Sec Li-BEX


13.0

7

16.0

3

30.4

0

14.6

1

14.9

3

16.2

1

05

101520253035

2003 - 04 2002 - 03 2001 - 02 2000 - 01

Ret

urns

( %

)

Birla GPRP Gr I-Sec Li-BEX

24

Birla MIP (An open ended fund. Monthly income is not assured and is subject to availability of distributable surplus.)

Type of Scheme An open ended income scheme

Investment Objective To generate regular income so as to make monthly distributions to unitholders with the secondary objective being growth of capital. Income may begenerated through receipt of coupon payments, the amortization of the discount on debt instruments, receipt of dividends or the purchase and saleof securities in the underlying portfolio. The scheme will under normal market conditions, invest its net assets primarily in fixed income securities,money market instruments, cash and cash equivalents while at the same time maintaining a small exposure to equity markets.


Debt and Money market instruments Upto 100%

Equity and Related Instruments Upto 15%


Plans and Options Options : Monthly Dividend (with Reinvestment facility), Monthly Payment (Instant & Deferred) & Growth




Benchmark Index CRISIL MIP Blended Index

Dividend Policy Dividend will be declared subject to the availability of Distributable Surplus. The actual declaration of dividend and frequency thereof will be at thediscretion of Trustees. Under the Monthly Dividend Plan, investors on record as on the last Friday of the month will be eligible for dividend declared,if any.

Name of the Fund Manager Mr. K. Ramanathan & Mr. Nishid Shah





(i) Load Structure Entry Load : NilExit Load : (i) In respect of each purchase / lateral shift in of Units upto and including Rs. 10 lacs in value, an Exit load of 0.60% is payable if the Unitsare redeemed/lateral shifted out within 90 days from the date of allotment. In respect of each purchase/lateral shift in of Units, greater than Rs. 10 lacsin value, no exit load is payable.The load structure is subject to change. Please refer to the applicable load structure at the time of investing.




Balance : 1.50%






Birla MIP - Growth

Returns 1 Year * 3 Years SinceInception

BMIP Gr 7.21 12.01 12.22

Crisil MIPBlended Index 3.53 - -

Inception - November 20,2000


*Absolute Returns


16.6

8

10.4

0

16.0

7

18.5

0

6.84

0

5

10

15

20

25

2003 - 04 2002 - 03 2001 - 02

Ret

urns

(%

)

BMIP Gr Crisil MIP Blended Index

25

Birla MIP II (An open ended fund. Monthly income is not assured and is subject to availability of distributable surplus.)

Type of Scheme An open ended income scheme.

Investment Objective The primary objective of the scheme is to generate regular income so as to make monthly payments or distribution to unitholders, with the secondaryobjective being growth of capital.

Asset Allocation Pattern Wealth 25 Plan Savings 5 Planof the scheme

Types of Instruments Asset Nor mal Types of Instruments Asset Nor malAllocation Allocation Allocation Allocation

Range (% of Net Assets) Range (% of Net Assets)

Debt & Money Market securities (including securitied Debt & Money Market securities (including securitiseddebt upto a maximum of 50%) 70%- 80% 75% debt upto a maximum of 50%) 90%- 100% 95%

Equities & Equity related instr uments 20%- 30% 25% Equities & Equity related instr uments 0%- 10% 5%


Plans and Options Plans : Savings 5 & Wealth 25Options : Monthly Dividend (with Reinvestment facility), Monthly Payment & Growth




Benchmark Index CRISIL MIP Blended Index

Dividend Policy Dividend will be declared subject to the availability of Distributable Surplus. The actual declaration of dividend and frequency thereof will be at thediscretion of Trustees. Under the Monthly Dividend Plan, investors on record as on the last Friday of the month will be eligible for dividend declared,if any.

Name of the Fund Manager Mr. K. Ramanathan & Mr. Nishid Shah





(i) Load Structure Entry Load: NilExit Load: Wealth 25 Plan : (i) In respect of each purchase / lateral shift in of Units upto and including Rs. 10 lacs in value, an Exit load of 0.60% ispayable if the Units are redeemed/lateral shifted out within 180 days from the date of allotment. In respect of each purchase/lateral shift in of Units,greater than Rs. 10 lacs in value, no exit load is payable. Savings 5 Plan : NilThe load structure is subject to change. Please refer to the applicable load structure at the time of investing.

(ii) Recurring expenses First Rs. 100 crores : 2.25% Actual expenses for the previous financial year (2003-2004) : N.A.



Balance : 1.50%






Birla MIP II

Returns SinceAbsolute Inception *

Birla MIP II -Wealth 25 - Growth 0.81

Birla MIP II -Savings 5 - Growth 0.58

Crisil MIP Blended Index -3.53

Inception - May 01,2004Note : Past performance may or may not sustained in future.*Absolute Returns

26

Birla Bond Plus

Type of Scheme Open ended short term Income Scheme

Investment Objective The primary objective of the scheme is to generate regular income through investments in debt and money market instruments. Income may begenerated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The scheme will under normalmarket conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.


Debt and Money market instruments Upto 100%


Plans and Options Plans : Retail & InstitutionalOptions : Dividend (with Reinvestment facility) & Growth




Benchmark Index CRISIL Short-Term Bond Fund Index

Dividend Policy Dividend will be declared subject to the availability of Distributable Surplus. The actual declaration of dividend and frequency thereof will be at thediscretion of Trustees. It is the intention of the scheme to declare dividends at fortnightly intervals under Dividend Option. The current record dates arethe second and fourth Friday of every month.






(i) Load Structure Entry Load: NilExit Load: NilThe load structure is subject to change. Please refer to the applicable load structure at the time of investing.

(ii) Recurring expenses First Rs. 100 crores : 2.25% Actual expenses for the previous financial year (2003-2004) :Next Rs. 300 crores : 2.00% Birla Bond Plus - Institutional Plan : 0.75%Next Rs. 300 crores : 1.75% Birla Bond Plus - Retail Plan : 1.00%Balance : 1.50%






Birla Bond Plus - Retail - Growth


BBP Retail Gr 4.37 6.66

CRISIL Short-TermBond Fund Index 3.16 -

Inception - November 26,2001


*Absolute Returns


5.99

8.02

5.78

7.86

0

2

4

6

8

10

2003 - 04 2002 - 03

Ret

urns

( %

)

BBP Retail Gr CRISIL Short-Term Bond Fund Index

27

Birla Bond Index Fund

Type of Scheme Open-end Income Scheme

Investment Objective The scheme proposes to track the CRISIL Composite Bond Index, which has been introduced by CRISIL to track the returns on a Composite Por tfolio thatincludes call instruments, Commercial Papers, Government Securities, AAA and AA rated instruments. Because it is not practical or cost effective for the fundto invest in each and every security in the index, the fund will aim to invest in a sample which is an adequate representation of the key characteristics of theindex such as market sector weightings, coupon rates, credit quality and maturity. The Fund may invest a par t of its assets outside the Index, in papers whosecharacteristics and risks-including maturity, credit quality, and issuer type are similar to those of the papers in the Index.

Asset Allocation Pattern The asset allocation (as a % of net assets) of the portfolio under normal circumstances will replicate the constituent weights of the CRISIL Compositeof the scheme Bond Index. The scheme may also invest upto 20% of its assets in securitised instruments provided that such investment is in line with the investment

objectives.






Benchmark Index CRISIL Composite Bond Fund Index

Dividend Policy Dividend will be declared subject to the availability of Distributable Surplus. The actual declaration of dividend and frequency thereof will be at thediscretion of Trustees. The current frequency of dividends is quarterly with the record dates being March 15 June 15, Sept. 15 & Dec. 15 each year.

Name of the Fund Manager Mr. Satyabrata Mohanty





(i) Load Structure Entry Load: NilExit Load: In respect of each purchase /lateral shift in of Units upto and including Rs. 10 lacs in value, an Exit load of 0.25% is payable if the Units areredeemed/lateral shifted out within 90 days from the date of allotment. In respect of each purchase/lateral shift in of Units, greater than Rs. 10 lacs invalue, no exit load is payable.The load structure is subject to change.Please refer to the applicable load structure at the time of investing.

(ii) Recurring expenses First Rs. 100 crores : 2.25% Actual expenses for the previous financial year (2003-2004): 0.84%



Balance : 1.50%






Birla Bond Index Fund - Growth


Birla Bond IndexFund - Growth 0.39 3.29

Crisil CompositeBond Fund Index 0.45 3.00

Inception - April 24,2003


*Absolute Returns

28

Birla Floating Rate Fund

Type of Scheme Open ended Income Scheme

Investment Objective The primary objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt/money market instruments. The scheme may invest a portion of its net assets in fixed rate debt securities and money market instruments.


Floating Rate Debt Securities (including Securitised Debt, Money market instruments &Fixed Rate Debt Instruments swapped for floating rate returns) 65% - 100%

Fixed Rate Debt Securities (including Securitised Debt, Money market instruments &Floating Rate Debt Instruments swapped for fixed rate returns) 0% - 35%

Under normal circumstances at least 65% of the total portfolio will be invested in floating rate debt securities/ money market instruments. It is theintention of the scheme that the investments in securitised debts will not, normally exceed 60% of the net assets of the respective plans.


Plans and Options Plans : Short Term Plan & Long Term PlanOptions : Dividend Reinvestment & Growth




Benchmark Index CRISIL Liquid Fund Index

Dividend Policy Dividend will be declared subject to the availability of Distributable Surplus. The actual declaration of dividend and frequency thereof will be at thediscretion of Trustees. The current frequency of dividends in the Short Term Plan is weekly (Record date : Saturday of each week) and Long Term Planis monthly (Record date : last Friday of every month).

Name of the Fund Manager Mr. Satyabrata Mohanty





(i) Load Structure Entry Load: NilExit Load: Short Term Plan : Nil, Long Term Plan : In respect of each purchase /lateral shift in of Units upto and including Rs. 10 lacs in value, an Exitload of 0.50% is payable if the Units are redeemed/lateral shifted out within 180 days. In respect of each purchase/lateral shi ft in of Units, greater thanRs. 10 lacs in value, no exit load is payable.The load structure is subject to change. Please refer to the applicable load structure at the time of investing.

(ii) Recurring expenses First Rs. 100 crores : 2.25% Actual expenses for the previous financial year (2003-2004) :

Next Rs. 300 crores : 2.00% Birla Floating Rate Fund - Long Term Plan : 0.84

Next Rs. 300 crores : 1.75% Birla Floating Rate Fund - Short Term Plan : 0.84

Balance : 1.50%






Birla Floating Rate Fund - STP - Growth


Birla Floating RateFund-STP - Growth 4.71 4.76Crisil Liquid Fund Index 3.99 4.04

Inception - June 04,2003


*Absolute Returns

Birla Floating Rate Fund - LTP - Growth


Birla Floating RateFund-LTP - Growth 4.76 5.02

Crisil Liquid Fund Index 3.99 4.04



*Absolute Returns

29

Birla Cash Plus

Type of Scheme Open ended Liquid Scheme

Investment Objective To provide reasonable returns, at high levels of safety, and liquidity through judicious investments in high quality debt and money market instruments.


All Money market instruments Upto 90%

Corporate Debt, Financial Institutions & Banking Sector Bonds, Public Sector Bonds,Government Guaranteed Bonds and related instruments. At least 10%


Plans and Options Plans : Retail (Options : Daily Dividend Reinvestment & Growth)Institutional (Options : Daily Dividend Reinvestment, Weekly Dividend {with Reinvestment facility}, Fornightly {with Reinvestment facility}, MonthlyDividend {with Reinvestment facility} & Growth)Institutional Premium (Options : Daily Dividend Reinvestment, Weekly Dividend {with Reinvestment facility}, Fornightly {with Reinvestment facility}& Growth)




Benchmark Index CRISIL Liquid Fund Index

Dividend Policy Dividend will be declared subject to the availability of Distributable Surplus. The actual declaration of dividend and frequency thereof will be at thediscretion of Trustees. The current frequency of dividends is Daily under the Daily Dividend Option. In case of Institutional Monthly Dividend Option,the current frequency of dividend is Monthly and the record date is a day prior to the last Business Day of every month. In case of Weekly DividendOption the record date is every Friday and in case of the fortnightly Dividend Option the same is 2nd & 4th Friday of the Month.






(i) Load Structure Entry Load: NilExit Load: NilThe load structure is subject to change. Please refer to the applicable load structure at the time of investing.

(ii) Recurring expenses First Rs. 100 crores : 2.25% Actual expenses for the previous financial year (2003-2004) :Next Rs. 300 crores : 2.00% Birla Cash Plus - Institutional Plan : 0.65%Next Rs. 300 crores : 1.75% Birla Cash Plus - Institutional Premium Plan : 0.57%Balance : 1.50% Birla Cash Plus - Monthly Dividend : 0.59%

Birla Cash Plus - Retail Plan : 1.00%






Birla Cash Plus - Retail - Growth


BCP Retail Gr 4.33 5.90 7.21 7.96

Crisil LiquidFund Index 3.99 - - -



*Absolute Returns


4.80

6.69 8.

08 9.28 9.66

4.34

6.06

0

2

4

6

8

10

12

2003 - 04 2002 - 03 2001 - 02 2000 - 01 1999 - 00

Ret

urns

( %

)

BCP Retail Gr Crisil Liquid Fund Index

30

TAX TREATMENT

The following tax benefits are available to investors and the Mutual Fund under present taxation laws and as per the provisions contained in Finance Bill, 2004. THEINFORMATION SET FORTH BELOW IS BASED ON THE MUTUAL FUND�S UNDERSTANDING OF THE TAX LAWS AS OF DATE OF THIS COMMON KEY INFORMATIONMEMORANDUM. IN VIEW OF THE INDIVIDUAL NATURE OF TAX CONSEQUENCES, EACH INVESTOR IS ADVISED TO CONSULT HIS OR HER OWN TAX ADVISER WITHRESPECT TO THE SPECIFIC TAX CONSEQUENCES TO HIM OR HER OF PARTICIPATION IN THE SCHEME.

Income Tax : To the Mutual Fund

Birla Mutual Fund is a Mutual Fund registered with SEBI and as is eligible for benefits under Section 10(23D) of the Income Tax Act, 1961. Accordingly, entire income isexempt from tax.

However, the Mutual Fund is also liable to pay securities transaction tax in respect of open ended equity oriented schemes at the rate of 0.075% on the value of thesecurities at the time of sale and repurchase of units.

Additionally, the Mutual Fund is required to pay dividend distribution tax as follows:

� Open ended equity oriented schemes are not liable to pay dividend distribution tax;

� Other schemes are liable to pay dividend distribution tax as follows:

- @ 13.0687 % (including a surcharge of 2.5% and an additional surcharge by way of education cess of 2 percent on the amount of tax plus surcharge) ondividend distributed to individuals and HUFs; and

- @ 20.91% (including a surcharge of 2.5% and an additional surcharge by way of education cess of 2 percent on the amount of tax plus surcharge) ondividend distributed to persons other than individuals and HUFs.

To the Unitholders

1. Dividend from Mutual Fund received by the unit holders on or after April 1, 2003 would be tax free in the hands of the unit holders.

2. For units of debt and liquid oriented schemes of a Mutual fund: Under Section 112 of the Act, capital gains chargeable on transfer of long term capital assets aresubject to tax at the rate of 20.91% (including basic tax rate of 20% plus surcharge of 2.50% and cess of 2%). The capital gains will be computed by deducting thefollowing amounts from the sale consideration:

a) Expenditure incurred wholly and exclusively in connection with such transfer, and

b) Cost as inflated by the cost inflation index notified by the Central Board of Direct taxes in case of resident unitholders. In case of an individual or HinduUndivided Family (HUF), being a resident, where the total income as reduced by the long term capital gains is below the maximum amount not chargeable totax, the long term capital gains shall be reduced to the extent of the shor tfall and only the balance long term capital gains will be subject to the flat rate oftaxation.

However, the maximum tax payable on long term capital gains on units is restricted to 10% of capital gains (plus applicable surcharge) calculated withoutindexation of cost. In addition to the aforesaid tax The Finance Bill 2004 proposes to levy an additional surcharge by way of education cess of 2% payable onthe total amount of tax plus surcharge.

The capital loss resulting from sale of units would be available for setting off against other capital gains made by the investor and would reduce the taxliability of the investor to that extent. However, in terms of Section 70, capital loss on transfer of long term capital asset would be allowed to be set off onlyagainst gains from transfer of long term capital assets and balance long term capital loss shall be carried forward separately for setting off only against long-term capital gains in subsequent years.

The short term capital gain on transfer of units of a debt or liquid scheme are taxed at the rate of 31.365% (including basic tax rate of 30% plus surcharge of2.50% and cess of 2%).

3. For units of equity oriented schemes of a Mutual fund: These above mentioned provisions are not applicable as long term capital gains on transfer of securities isexempt from tax u/s 10(38) as proposed in the Finance Bill, 2004. The effective date for this purpose would be the day notified by the Securities Transaction Tax.

4. The capital loss resulting from sale of units would be available for setting off against other capital gains made by the investor and would reduce the tax liability ofthe investor to that extent.

5. As per Finance Bill 2004, w.e.f 1-4-2004 if the units purchased within three months prior to the record date are sold within nine months after the record date, thenthe capital loss arising from such sale of units would not be available for set off against other capital gains to the extent of dividend income received from suchunits is exempt from tax as per section 94(7) of the Act.

Additionally, as provided by section 94(8) of the Act, in case of units purchased within a period of three months prior to the record date on which bonus units areallotted and if any or all of the purchased units are transferred within a period of nine months after the record date, the loss arising on transfer of original units shallbe ignored for the purpose of computing the income chargeable to tax. The loss so ignored shall be treated as cost of acquisition of such bonus units.

6. Under Section 88 (2) (xiiib) of the Act subscriptions made out of income chargeable to tax by an individual or HUF in the approved Schemes including Equity LinkedSavings Scheme, up to an amount not exceeding Rs.10,000 will qualify for rebate in the proportion mentioned in the section.

7. As per the provisions of section 194K and 196A of the Act where any income is credited or paid on or after April 1,2003 by a mutual fund, no tax is required to bededucted at source.

Under Section 195 of the Act, the Mutual Fund is required to deduct tax at source at the rate of 20% (plus applicable surcharge ) on any long term capital gains ifthe payee Unitholder is a non-resident. In respect to short term capital gains, tax is required to be deducted at source at the rate of 30% (plus applicable surcharge)if the payee Unitholder is a non-resident non-corporate and at the rate of 40% (plus applicable surcharge) if the payee Unitholder is a foreign company. The taxpayable shall be increased by 2%, on account of education cess.

However one has to refer to the provisions of Tax Treaty also and can be opted for the same, if they are more beneficial than Domestic law provisions.

Wealth Tax

Mutual Fund units are exempt from wealth tax.

Received for ADDITIONAL PURCHASE / REDEMPTION / LATERAL SHIFT/SWITCH / CHANGE OF BANK DETAILS / DIRECT CREDIT /

CHANGE OF ADDRESS / EMAIL CONFIRMATION / ONLINE ACCOUNT ACCESS

from Mr./Ms./M/s.

For Only Additional Purchase: Cheque / Draft No. for Rs. (Figures)

Rs. (words)

drawn on (bank) Branch

COMMON TRANSACTION FORM (For existing investors)(FOR ONE TRANSACTION ONLY)

Broker Code Sub Broker Code FOR BMF USE

Form No.Please strike off the transactions type that are not filled.UNIT HOLDERS INFORMATION

Folio No.

NAMEUnique Identification Number (UIN)(Mandatory for Body Corporates)

First Holder

Second Holder

Third Holder

Guardian(In case of Minor)

(A)

Form No.

ADDITIONAL PURCHASE (Refer Instruction No. 3, 4 & 5)

REDEMPTION (Refer Instruction No. 9)

LATERAL SHIFT/SWITCH (Refer Instruction No. 6)

A C K N O W L E D G E M E N T

(B)

(C)

(D)

Scheme

Rs. (figures)

Rs. (words)

Drawn on (Bank)

Branch

Plan Option

Cheque/DD No. Dated D D M M Y Y

DD charge : Rs.(Refer Instruction No. 4)

In case you do not mention the Plan and Option, units will be alloted under default option as per respective scheme(s) offer document(s).

Scheme

Rs. (figures)

Rs. (words)

ORNo. of Units

Plan Option Direct Credit to existing bank account(Please refer Instruction No. 9 overleaf) :

I/We request you to activate Direct Credit(DCR) facility for my Folio and remit theredemption/dividend proceeds throughDCR.

(Please ü in this Box )

Scheme

No. of Units

Rs. (words)

To Folio No.

Scheme

Plan

Plan

Option

Option

Rs. (figures)OR

In case you do not mention the Plan and Option in the "To Folio", units will be alloted under default option as per respective scheme(s) offer document(s).

Signature & Stamp

Folio No.

Permanant Account Number (PAN)(PAN mandatory for investments of Rs.

50,000/- or more. Refer Instruction No. 7)

Form No.

Bank Account No.

Bank Name

Address

Branch

Pin Code

Bank A/c. Type Savings Current NRE NRO FCNR NRSR

REDEMPTION / DIVIDEND REMITTANCE

Direct Credit available in : ABN Amro Bank, Citibank, Deutsche Bank, HSBC, HDFC Bank, ICICI Bank, IDBI Bank, Standard Chartered Bank, UTI Bank.

Unit holders applying for change of bank as one of the above banks will receive their Redemption/Dividend Payments (if any) directly into their bank account.

In case redemption transaction is submitted along with change of bank as one of these banks, a cancelled cheque leaf must be submitted in order to safeguard interest of theinvestors.

In case Unit holders wish to receive a cheque (instead of a direct credit into their bank account ), please indicate the preference below :

I/We want to receive the redemption and dividend proceeds (if any) by way of a cheque. (Please tick ü in this box)

(E)

(F)

(G)

(H)

(I)

(J)

Tel.: (R) (O) Mobile:

Pin

E-MAIL CONFIRMATION : Please send me transaction confirmation and account statement on the following E-mail :

E-mail :

ONLINE ACCOUNT ACCESS

Please provide me the facility to access my account and to transact over the internet. I have read & understood the terms & conditions for the same in your Key

Information Memorandum and agree to abide by the same. FACILITY REQUIRED (Please tick ü) YES NO

DateThe Trustee, Birla Mutual FundDear Sirs,Having read and understood the contents of the offer document(s) of the scheme(s), I/We herebyapply to the Trustee of Birla Mutual Fund for units of scheme(s) of Birla Mutual Fund as indicated aboveand agree to abide by the terms, conditions, rules and regulations of the scheme (s). I/We herebydeclare that the par ticulars given herein are correct and complete. I/We confirm that I/we have notreceived and will not receive any commission or brokerage or any other incentive in any form, directlyor indirectly, for subscribing to units issued under any of the scheme(s).I/We hereby declare that the amount invested in the scheme(s) is through legitimate sources only anddoes not involve and is not designed for the purpose of any contravention or evasion of any Act, Rules,Regulations, Notifications or Directions of the provisions of Income Tax Act, 1961, Prevention ofMoney Laundering Act, 2002, Prevention of Corruption Act,1988 or any other applicable laws enactedby the Government of India from time to time.For NRIs/FIIs only: I/We confirm that I am/we are Non Residents of Indian Nationality/origin and thatI/We have remitted funds from abroad through approved banking channels or from funds in my/ourNon-resident External Account/FCNR account/NRO/NRSR Account.

D D M M Y Y Y Y First Holder

Second Holder

Third Holder

DECLARATION AND SIGNATURE(s)

1. It is necessary to mention the Ten-Digit Folio number for the purpose of any transaction. 2. Please strike off the transaction type that are NOT filled by you beforesubmitting the form. 3. To make an additional purchase, please send us a local cheque / DD payable at any of our branch/ authorised centre. Please make thecheque/DD payable in favour of the respective scheme e.g. Birla Advantage Fund, Birla Income Plus etc. 4. No stock invest, cash or outstation cheques will be

accepted. D.D. charges would be borne by the fund only for the investors residing at places which are not covered by our offices/authorised centres. The maximum charges so borne by the fundwould be restricted to limits as prescribed by State Bank of India. 5. For fresh purchases under new scheme, plan or option - please refer the respective Offer Document(s). 6. Redemptions/ LateralShifts/ Switches will be processed only if amount/ units is clearly mentioned. If there is no sufficient amount/ units, the balance available free units in the respective account will be redeemed/ shifted/switched. 7. Bank Mandate and PAN Mandatory: It is mandatory for investors to mention in their application/Redemption request, the bank name and account number, Application without thesedetails will be rejected. An application for Purchase of Units amounting to Rs. 50,000/- or more should quote PAN of the applic ant. (In case of Joint applicants, PAN of all holders) along withdocumentary proof of PAN (Photocopy of PAN card/PAN Letter/refund order/assessment order/Demand Notice from Income Tax Depar tment). In case of a minor, PAN details of the Guardian must besubmitted. In case a person does not have a PAN, a declaration in Form 60/Form 61 (as applicable) alongwith the address proof must be submitted. Application without this would be rejected by theMutual Fund without any reference to the investor. 8. Unique Identification Number : As per SEBI (Central Database of Market Participants) Regulations,2003, no specified investor being a bodycorporate shall buy, sell or deal in units of a mutual fund unless such specified investor, its promoters and directors have been allotted UIN by December 31, 2004. Application Forms received withoutUIN will be considered incomplete and liable to be rejected. 9. Unit holders whose bank account details available in our records is any one of the following banks will receive their Redemption/Dividend payment (if any) directly into their bank account : ABN Amro Bank, Citibank, Deutsche Bank, HSBC, HDFC Bank, ICICI Bank, IDBI Bank, Standard Char tered Bank, UTI Bank. However, ifthe remittance is delayed or not effected for reasons of incomplete or incorrect information, Mutual Fund cannot be held responsible. The Mutual Fund, however, reserves the right to issue a cheque/ demand draft inspire of an investor opting for Direct Credit.

INSTRUCTIONS

Get NAVs of all Birla Mutual Fund schemes round the clock at www.birlasunlife.com or call on our Toll free no.: 1-600-22-7000 (9.00 a.m. to 7.00 p.m.)

CHANGE OF ADDRESS

CHANGE OF BANK DETAILS - First Holder

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