ensure september 2011

Our Investment Philosophy

As one of the leading private life insurance companies, we know that our customers trust their monies with us to attain their long-term goals and to protect and achieve the dreams and aspirations of their families.

With this in mind, our investment focus is to ensure long term Safety, Stability and Profitability of our customers' funds.

Our aim is to achieve superior returns for a given level of risk. In order to meet this objective, we have developed an investment framework that is based on a sound investment process coupled with a rigorous and sophisticated risk management strategy.

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Linked Life Funds

Linked Pension Funds

Performance Summary

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The Investment Team Advises

5 Mantras of Financial Freedom

How we Manage your Money

Glossary of Terms

September, 2011(As on August 30, 2011)

15 new

funds Go shopping, even after you retire - Invest Wisely Go shopping, even after you retire - Invest Wisely

Performance Summary

* From the date of inception of the benchmark (2-April-2002)

Performance Summary



Glossary of TermsHow we Manage your Money

Preserver 8.29% 8.45% 7.69% 6.23% 6.64% 6.11% 0.05 -2.54 28-Jun-04

Protector 8.37% 7.60% 6.90% 7.12% 6.08% 5.84% -0.17 -0.65 15-Nov-01

Balancer 8.75% 9.05% 12.48% 7.25% 7.78% 10.55% 0.12 0.01 15-Nov-01

Maximiser 7.18% 9.29% 20.66% 4.62% 8.02% 17.63% 0.25 0.16 15-Nov-01

Flexi Growth 7.11% NA 7.31% 4.99% NA 6.41% NA NA 20-Mar-07

Flexi Balanced 6.78% NA 6.66% 6.94% NA 7.55% NA NA 20-Mar-07

Multiplier 6.24% NA -1.52% 4.67% NA -3.56% NA NA 26-Nov-07

R.I.C.H. Fund 6.86% NA 5.75% 4.96% NA 3.37% NA NA 17-Mar-08

Pension Preserver 8.11% 8.35% 7.53% 6.23% 6.64% 6.11% -0.10 -2.54 22-Jun-04

Pension Protector 8.07% 7.52% 7.02% 7.12% 6.08% 5.91% -0.20 -0.65 31-May-02

Pension Balancer 6.60% 7.90% 12.67% 7.25% 7.78% 11.13% 0.08 0.01 31-May-02

Pension Maximiser 6.89% 9.37% 21.87% 4.62% 8.02% 18.84% 0.25 0.16 31-May-02

Pension Flexi Growth 7.91% NA 7.17% 4.99% NA 6.41% NA NA 20-Mar-07

Pension Flexi Balanced 6.56% NA 7.65% 6.94% NA 7.55% NA NA 20-Mar-07

Pension Multiplier Fund 2.63% NA -1.54% 4.67% NA -1.11% NA NA 25-Feb-08

Pension R.I.C.H. Fund 7.90% NA 6.16% 4.96% NA 3.45% NA NA 18-Mar-08

Date ofInceptionFund

Annualized Returns(Benchmark)

5 Year Sharpe Ratio

3 Year 5 YearSince

Inception3 Year 5 Year

SinceInception Fund Benchmark

Annualised returns (Fund)

KEY INDICATORS

Equity Indices Aug 30,2011

July 29,2011

% Change

Global IndicesAug 30,

2011July 29,

2011% Change

Dow Jones Industrials 11,614 12,143 -4.4

Hang Seng 20,535 22,440 -8.5

Ftse 100 5,395 5,815 -7.2

Nikkei 225 Stock Average 8,955 9,833 -8.9

Fixed IncomeYields

Aug 30,2011

July 29,2011

% Change

NSE Mibor 8.06% 8.04% 0.02%

5 year G-Sec 8.33% 8.45% -0.12%

5 year AAA 9.40% 9.42% -0.02%

10 year G-Sec 8.32% 8.45% -0.13%

10 year AAA 9.38% 9.46% -0.08%

Equity:NIFTY witnessed an 8.8% correction for the month of August as policy limbo and global uncertainty continued to be drags on the market. The institutional sell off that started with the US downgrade continued through August. Foreign Institutional Investors were net sellers to the tune of over US$2.1bn, while domestic institutions bought stocks worth US$1.9bn. Margin pressures were visible as aggregate first quarter earnings for the Sensex constituents, missed estimates on both EBIDTA and PAT levels. Peaceful culmination of Anna Hazare’s anti corruption crusade and indications of a possible stimulus for the US economy from the Fed Chairman led to a relief rally in the last few trading sessions. Domestic consumption stories including autos, telecom and cement performed well for the month of August. Stocks leveraged to the western economies witnessed selling with IT and metals witnessing significant underperformance.

Outlook:We maintain our neutral view on the markets. Resolution of the European debt crisis and macro data from the US will dominate international news flow. Weak global economic growth concerns will continue to weigh on sentiments. On the domestic front, while first quarter GDP growth was stronger than expected, it has raised concerns of RBI continuing with its hawkish stand. Inflation is still high and with fresh supply of paper in the pipeline, markets are expected to remain range bound. Sensex valuations are higher than historical mean, though have become more reasonable after the recent sell off. We continue to believe that long India’s long term growth story remains intact and offers great investment opportunities.

Fixed Income:Government bonds rallied at the beginning of the month tracking weak global sentiments. The sentiment further aided on hopes that the weak global outlook could make the Indian central bank to soften its stance in the policy meeting due on September 16. GDP growth for the quarter ending June 2011 was noted at 7.7% which was higher than expected. Moreover, comments from the Central bank created expectations that a rate pause might not be imminent. Both these factors weighed on the bond yields and the yields rose towards the end of the month. Liquidity continued to remain within RBI’s comfort zone. The IIP figure for the month of June was noted at 8.8%. WPI inflation for the month of July was noted at 9.22%. The Indian Rupee appreciated to 46.10 against the dollar as on August 30, 2011.

Outlook:We believe we are in the last leg of policy rate hikes in the current cycle and that further rate hikes will be data dependent. Unless global commodities increase from the current levels, we expect the inflation momentum to gradually head downwards from current levels. We expect Rupee to remain range bound against the US dollar.

BenchmarkReturns

3yr 5yr

BSE 100 -9.35 4.62 8.02

CRISIL 5.85% 7.12% 6.08%

1yr

GDP Growth Rate

5 year CAGR FY 2010 FY 2011

8.16% 8.00% 8.50%

Economic IndicatorsAug 30,

2011July 29,

2011Change

Rs/$ 46.10 44.19 4.31%

F/X Reserve($ bln) 319.175 316.801 0.03%

Oil 88.9 95.7 -7.11%

Gold (Rs./10 gm) 26,761 23,142 15.64%

FII Fund flow (INR mn) -95,365 74,112 -169,477

MF Fund flow (INR mn) 82,811 6,522 76,289

DII Fund flow (INR mn) 24,972 -1,986 26,958

DII - MF fund flow -57,839 -8,508 -49,331

As on August 30, 2011

Equity Market

Aug 2011

Monthly Inflation (WPI) 9.22% 9.44%

July 2011

BSE SENSEX 16,677 18,197 -8.4

S&P CNX NIFTY (50) 5,001 5,482 -8.8

INDIA BSE MIDCAP 6,274 6,915 -9.3

CNX MIDCAP INDEX 7,295 8,017 -9.0

Debt Market

Linked Pension FundsLinked Life Funds

Find your Fund

Yield Curve

7%

8%

9%

6m 1y 2y 3y 4y 5y 6y 7y 10y 30y

Maturity

29-Jul 30-AugMovement of Sensex and Nifty

14,500

15,000

15,500

16,000

16,500

17,000

17,500

18,000

18,500

4,200

4,400

4,600

4,800

5,000

5,200

5,400

5,600

Sensex Nifty

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For full portfolio details please Click Here

Balancer

FUND OBJECTIVETo provide a balance between long-term capital appreciation and current income through investment in equity as well as fixed income instruments in appropriate proportions depending on market conditions prevalent from time to time.

BENCHMARK

35% BSE 100&65% CRISIL Composite Bond Index

DATE OF INCEPTION: Nov 15, 2001

Equity & equity related securities 40 0

Debt, Money Market & Cash 100 60

Indicative Portfolio Allocation

ASSET ALLOCATION

Max (%) Min (%)

RISK PROFILE

Exp

ect

ed

retu

rn

Risk

PORTFOLIO

AUM (Rs. Million): 18,614.80

Allocation inFund

EQUITY 34.67%

DEBT 61.06%

OTHER CURRENT ASSET & EQUIVALENT 4.27%

TOTAL 100.00%

Asset Allocation

Allocation as a% in Equity

BANK 17.91%METALS & MINERALS 15.40%TECHNOLOGY 13.03%OIL & GAS 12.58%AUTO 10.05%

Top 5 Sectors In Equity

Allocation as a% in Equity

H D F C BANK LTD. 9.70%INFOSYS TECHNOLOGIES LTD. 8.30%RELIANCE INDUSTRIES LTD. 7.73%BHARTI AIRTEL LTD. 6.74%STATE BANK OF INDIA 6.33%I T C LTD. 6.13%MAHINDRA & MAHINDRA LTD. 5.80%TATA STEEL LTD. 5.20%STERLITE INDUSTRIES (INDIA) LTD. 4.47%TATA CONSULTANCY SERVICES LTD. 4.41%

Top 10 Equity Stocks

Debt Asset Allocation

GOVERNMENT SECURITIES/ T BILLS 9.49%CORPORATE SECURITIES 34.85%

AAA AND EQUIVALENT 24.65%AA+ AND EQUIVALENT 3.13%AA EQUIVALENT AND BELOW 7.07%

CORPORATE MONEY MARKET SECURITIES 0.84%COMMERCIAL PAPER (P1+ AND EQUIVALENT) 0.84%CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) 0.00%

FIXED DEPOSITS WITH BANKS 15.87%

Allocation in Fund

Average Maturity of Debt Portfolio (Months) 43.32

Average Maturity of Debt Benchmark (Months) 34.92Yield to Maturity of Debt Portfolio 9.6%

*** Last declared NAV (30-Aug-2011)

PERFORMANCE SUMMARY


NAV GROWTH

Balancer Benchmark

* calculated with effect from 2-Apr-02, as benchmark did not exist before this date

ANNUALIZED RETURNS

Balancer Benchmark

Preserver

Flexi Growth

Opportunity

Flexi Balanced

Money Market

Protector Maximiser

RICH

Income

Multi Cap GrowthMulti Cap BalancedDynamic P/E

Balancer

Multiplier

Bluechip

Pinnacle


FUND SFIN NAV*** Rs.Balancer Fund ULIF 002 22/10/01 LBalancer1 105 33.94Balancer Fund II ULIF 014 17/05/04 LBalancer2 105 23.19Balancer Fund III ULIF 023 13/03/06 LBalancer3 105 15.7Balancer Fund IV ULIF 039 27/08/07 LBalancer4 105 13.98

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

3 Year 5 Year Since inception*

10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

28.00

30.00

32.00

34.00

36.00

Apr-02 Feb-04 Jan-06 Nov-07 Oct-09 Aug-11

http://iciciprulife.com/public/Fund-Performance/Portfolio-Details.htm




FUND OBJECTIVETo provide accumulation of income through investment in various fixed income securities. The fund seeks to provide capital appreciation while maintaining a suitable balance between return, safety and liquidity.

Protector


BENCHMARK

CRISIL Composite Bond Index




ASSET ALLOCATION

Max (%) Min (%)

RISK PROFILE

Exp

ect

ed

retu

rn

Risk

PORTFOLIO

< 1 year 31.41%1-5 years 39.52%5-7 years 2.05%7-10 years 17.30%> 10 years 9.72%

TOTAL 100.00%

Portfolio By Maturity Allocation inFund

Average Maturity of Debt Portfolio (Months) 46.99Average Maturity of Benchmark (Months) 34.92Yield to Maturity of Debt Portfolio 9.55%


Asset Allocation Allocation in Fund


PERFORMANCE SUMMARY

ANNUALIZED RETURNS

Protector Benchmark


* calculated with effect from 2-Apr-02, as benchmark did not exist before this date




FIXED DEPOSITS WITH BANKS 22.60%OTHER CURRENT ASSETS AND EQUIVALENT 5.50%

TOTAL 100.00%

NAV GROWTH

Protector Benchmark

ProtectorBalancer Preserver

Flexi Growth

Opportunity

Flexi Balanced

Money Market

Maximiser

RICH

Income

Multiplier

Bluechip


Multi Cap GrowthMulti Cap BalancedDynamic P/E Pinnacle


FUND SFIN NAV*** Rs.Protector Fund ULIF 003 22/10/01 LProtect1 105 20.9595Protector Fund II ULIF 016 17/05/04 LProtect2 105 16.1996Protector Fund III ULIF 024 13/03/06 LProtect3 105 14.7892Protector Fund IV ULIF 041 27/08/07 LProtect4 105 13.907

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

3 Year 5 Year Since inception*

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00

20.00

21.00

Nov-01 Feb-03 Apr-04 Jul-05 Oct-06 Dec-07 Mar-09 Jun-10 Aug-11






Maximiser

PORTFOLIO



BANK 18.77%METALS & MINERALS 14.83%TECHNOLOGY 12.92%OIL & GAS 10.99%AUTO 9.65%CONSUMER 6.80%TELECOM 6.33%CEMENT 5.23%FINANCE 3.81%CAPITAL GOODS 2.67%PHARMA & HEALTHCARE 2.31%INFRASTRUCTURE 2.09%RETAIL 1.61%EPC 1.12%OTHERS 0.47%REAL ESTATE 0.40%

Sector AllocationAllocation as a

% in Equity

H D F C BANK LTD. 9.78%INFOSYS TECHNOLOGIES LTD. 7.74%RELIANCE INDUSTRIES LTD. 7.73%BHARTI AIRTEL LTD. 6.33%STATE BANK OF INDIA 6.23%I T C LTD. 6.11%MAHINDRA & MAHINDRA LTD. 5.52%TATA STEEL LTD. 5.35%STERLITE INDUSTRIES (INDIA) LTD. 5.08%TATA CONSULTANCY SERVICES LTD. 4.71%JINDAL STEEL & POWER LTD. 3.33%A C C LTD. 3.17%MARUTI SUZUKI INDIA LTD. 3.07%SHRIRAM TRANSPORT FINANCE CO. LTD. 3.03%OIL & NATURAL GAS CORPN. LTD. 2.55%LUPIN LTD. 2.31%BHARAT HEAVY ELECTRICALS LTD. 2.05%POWER GRID CORPN. OF INDIA LTD. 1.94%GRASIM INDUSTRIES LTD. 1.68%PANTALOON RETAIL (INDIA) LTD. 1.60%

Top 20 Equity stocksAllocation as a

% in Equity

EQUITY 96.88%

DEBT AND OTHER CURRENT ASSETS & EQUIVALENT 3.12%

TOTAL 100.00%

Asset Allocation Allocation in

Fund

PERFORMANCE SUMMARY

ANNUALIZED RETURNS

FUND OBJECTIVETo generate long-term capital appreciation through investment primarily in equity and equity-related instruments.

RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTH

Maximiser BenchmarkMaximiser Benchmark


Protector MaximiserBalancer Preserver

Flexi Growth

Opportunity

Flexi Balanced

Money Market

RICH

Income

Multiplier

Bluechip

BENCHMARK

BSE 100




ASSET ALLOCATION

Max (%) Min (%)




FUND SFIN NAV*** Rs.Maximiser Fund ULIF 001 22/10/01 LMaximis1 105 62.94Maximiser Fund II ULIF 012 17/05/04 LMaximis2 105 35.22Maximiser Fund III ULIF 022 13/03/06 LMaximis3 105 15.92Maximiser Fund IV ULIF 037 27/08/07 LMaximis4 105 12.55Maximiser Fund V ULIF 114 15/03/11 LMaximis5 105 10.17

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

3 Year 5 Year Since inception

8.00

16.00

24.00

32.00

40.00

48.00

56.00

64.00

72.00

80.00

Nov-01 Feb-03 May-04 Jul-05 Oct-06 Dec-07 Mar-09 Jun-10 Aug-11





Average Maturity of Portfolio (Months) 5.54Average Maturity of Debt Benchmark (Months) 2.23Yield to Maturity of Debt Portfolio 9.82%


Debt

Portfolio by Maturity Allocation inFund

< 1 year 92.46%

1-5 years 7.54%

5-7 years 0.00%

7-10 years 0.00%

> 10 years 0.00%

TOTAL 100.00%

Preserver

FUND OBJECTIVETo provide suitable returns through low risk investments in debt and money market instruments while attempting to protect the capital deployed in the fund.

PERFORMANCE SUMMARY

PORTFOLIO







TOTAL 100.00%


RISK PROFILE

Risk

Exp

ect

ed

retu

rn


NAV GROWTH

Preserver Benchmark

ANNUALIZED RETURNS

Preserver Benchmark

PreserverMaximiserProtectorBalancer

Flexi Growth

Opportunity

Flexi Balanced

Money Market

RICH

Income

Multiplier

Bluechip


Debt instruments 50 0

Money Market & Cash 100 50


ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

CRISIL Liquid Index



DATE OF INCEPTION: June 28, 2004

FUND SFIN NAV*** Rs.Preserver Fund ULIF 010 17/05/04 LPreserv1 105 17.0126Preserver Fund III ULIF 021 13/03/06 LPreserv3 105 15.2764Preserver Fund IV ULIF 036 27/08/07 LPreserv4 105 13.7298

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

May-04 Feb-05 Dec-05 Oct-06 Aug-07 May-08 Mar-09 Jan-10 Nov-10 Aug-11


BANK 19.29%OIL & GAS 15.72%TECHNOLOGY 14.45%AUTO 9.12%METALS & MINERALS 8.33%CONSUMER 8.07%INFRASTRUCTURE 7.41%TELECOM 4.93%CEMENT 3.15%OTHERS 2.55%FINANCE 2.19%MEDIA 1.69%PHARMA & HEALTHCARE 1.34%EPC 1.14%CAPITAL GOODS 0.64%


% in Equity

H D F C BANK LTD. 9.59%INFOSYS TECHNOLOGIES LTD. 9.25%I T C LTD. 7.19%MAHINDRA & MAHINDRA LTD. 7.13%TATA CONSULTANCY SERVICES LTD. 5.19%RELIANCE INDUSTRIES LTD. 4.95%BHARTI AIRTEL LTD. 4.93%OIL & NATURAL GAS CORPN. LTD. 3.14%GAIL (INDIA) LTD. 2.90%N T P C LTD. 2.89%STATE BANK OF INDIA 2.87%GRASIM INDUSTRIES LTD. 2.71%POWER GRID CORPN. OF INDIA LTD. 2.66%AXIS BANK LTD. 2.50%STERLITE INDUSTRIES (INDIA) LTD. 2.04%BHARAT PETROLEUM CORPN. LTD. 1.90%JINDAL STEEL & POWER LTD. 1.80%SHRIRAM TRANSPORT FINANCE CO. LTD. 1.71%JAGRAN PRAKASHAN LTD. 1.69%ASHOK LEYLAND LTD. 1.67%

Top 20 Equity Stocks Allocation as a

% in Equity

Multiplier

PERFORMANCE SUMMARY

ANNUALIZED RETURNS

PORTFOLIO


Allocation inFund

EQUITY 91.09%DEBT AND OTHER CURRENT ASSET & EQUIVALENT 8.91%

TOTAL 100.00%

Asset Allocation

FUND OBJECTIVETo provide long-term capital appreciation from equity portfolio predominantly invested in NIFTY scrips.

BENCHMARK

S&P CNX Nifty




ASSET ALLOCATION

Max (%) Min (%)



RISK PROFILE

Risk

Exp

ect

ed

retu

rn

NAV GROWTH

Multiplier Benchmark Multiplier Benchmark


Preserver

Multiplier

MaximiserProtectorBalancer

Flexi Growth

Opportunity

Flexi Balanced

Money Market

RICH

IncomeBluechip




FUND SFIN NAV*** Rs.Multiplier Fund ULIF 042 22/11/07 LMultip1 105 9.44Multiplier Fund II ULIF 044 25/02/08 LMultip2 105 10.71Multiplier Fund III ULIF 046 25/02/08 LMultip3 105 10.4Multiplier Fund IV ULIF 047 25/02/08 LMultip4 105 10.67

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%


4.00

5.00

6.00

7.00

8.00

9.00

10.00

11.00

12.00

Nov-07 Aug-08 May-09 Feb-10 Nov-10 Aug-11



RICH

FUND OBJECTIVETo generate superior long-term returns from a diversified portfolio of equity and equity related instruments of companies operating in four important types of industries, viz., Resources, Investment-related, Consumption-related and Human Capital leveraged industries.

PERFORMANCE SUMMARY

ANNUALIZED RETURNS

PORTFOLIO


Allocation inFund

EQUITY 97.76%DEBT AND OTHER CURRENT ASSET & EQUIVALENT 2.24%TOTAL 100.00%

Asset Allocation

BANK 22.50%OIL & GAS 15.44%TECHNOLOGY 9.80%CONSUMER 8.33%AUTO 6.73%TELECOM 6.35%METALS & MINERALS 6.12%INFRASTRUCTURE 5.65%PHARMA & HEALTHCARE 5.05%CAPITAL GOODS 3.65%EPC 2.49%CEMENT 2.37%FINANCE 2.15%OTHERS 1.58%RETAIL 0.93%REAL ESTATE 0.54%MEDIA 0.32%


% in Equity

RELIANCE INDUSTRIES LTD. 7.15%INFOSYS TECHNOLOGIES LTD. 6.74%I T C LTD. 6.46%BHARTI AIRTEL LTD. 5.70%AXIS BANK LTD. 4.23%H D F C BANK LTD. 4.16%PUNJAB NATIONAL BANK 3.56%BANK OF BARODA 3.07%OIL & NATURAL GAS CORPN. LTD. 3.01%MAHINDRA & MAHINDRA LTD. 2.78%N T P C LTD. 2.27%BHARAT HEAVY ELECTRICALS LTD. 2.00%LARSEN & TOUBRO LTD. 1.90%TATA POWER CO. LTD. 1.86%BHARAT PETROLEUM CORPN. LTD. 1.86%TATA CONSULTANCY SERVICES LTD. 1.85%GAIL (INDIA) LTD. 1.81%TATA STEEL LTD. 1.70%STERLITE INDUSTRIES (INDIA) LTD. 1.69%DR. REDDY'S LABORATORIES LTD. 1.67%

Top 20 Equity Stocks Allocation as a

% in Equity





ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

BSE 100

RISK PROFILE

Exp

ect

ed

retu

rn

Risk

ANNUALIZED RETURNS NAV GROWTH

RICH Benchmark RICH Benchmark


RICHMultiplier


Flexi Growth

Opportunity

Flexi Balanced

Money Market IncomeBluechip



DATE OF INCEPTION: Mar 17, 2008

FUND SFIN NAV*** Rs.R.I.C.H. Fund ULIF 048 17/03/08 LRICH1 105 12.13R.I.C.H. Fund II ULIF 049 17/03/08 LRICH2 105 12.48R.I.C.H. Fund III ULIF 050 17/03/08 LRICH3 105 12.15R.I.C.H. Fund IV ULIF 051 17/03/08 LRICH4 105 12.48

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%


5.00

6.00

7.00

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

Mar-08 Jan-09 Dec-09 Oct-10 Aug-11


BANK 19.76%METALS & MINERALS 11.88%TECHNOLOGY 11.75%OIL & GAS 11.39%CONSUMER 10.52%

Top 5 SectorsIn Equity

I T C LTD. 6.30%INFOSYS TECHNOLOGIES LTD. 6.01%RELIANCE INDUSTRIES LTD. 5.99%TATA CONSULTANCY SERVICES LTD. 4.20%BANK OF BARODA 4.05%BHARTI AIRTEL LTD. 4.02%H D F C BANK LTD. 3.95%TATA STEEL LTD. 3.38%STERLITE INDUSTRIES (INDIA) LTD. 3.33%PUNJAB NATIONAL BANK 2.91%




CORPORATE MONEY MARKET SECURITIES 1.39%

COMMERCIAL PAPER (P1+ AND EQUIVALENT) 1.39%CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) 0.00%


Allocation in FundDebt Asset Allocation

Average Maturity of Debt Portfolio (Months) 46.31Average Maturity of Debt Benchmark (Months) 34.92Yield to Maturity of Debt Portfolio 9.6%


Allocation inFund

Flexi Balanced

FUND OBJECTIVETo achieve a balance between capital appreciation and stable returns by investing in a mix of equity and equity related instruments of large, mid and small cap companies and debt and debt related instruments.


PERFORMANCE SUMMARY

ANNUALIZED RETURNS




ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

55% CNX 500 & 45% CRISIL Composite Bond Index

PORTFOLIO


Asset Allocation

Allocation as a % in Equity


EQUITY 52.41%

DEBT 43.71%


TOTAL 100.00%RISK PROFILE

Risk

Exp

ect

ed

retu

rn

Flexi Balanced Benchmark

NAV GROWTH

Flexi Balanced Benchmark


Flexi BalancedRICHMultiplier


Flexi Growth

OpportunityMoney Market IncomeBluechip




FUND SFIN NAV*** Rs.Flexi Balanced Fund ULIF 031 20/03/07 LFlexiBal1 105 13.32Flexi Balanced Fund II ULIF 032 20/03/07 LFlexiBal2 105 14.24Flexi Balanced Fund III ULIF 033 20/03/07 LFlexiBal3 105 13.2Flexi Balanced Fund IV ULIF 040 27/08/07 LFlexiBal4 105 12.61

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

1 Year 3 Year Since inception8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

Mar-07 Apr-08 Jun-09 Jul-10 Aug-11


BANK 17.95%TECHNOLOGY 15.74%OIL & GAS 11.86%CONSUMER 9.46%INFRASTRUCTURE 8.98%AUTO 7.15%METALS & MINERALS 7.05%TELECOM 4.56%PHARMA & HEALTHCARE 4.02%CEMENT 3.27%FINANCE 3.07%CAPITAL GOODS 2.81%OTHERS 2.78%EPC 0.98%MEDIA 0.31%

Sector Allocation

INFOSYS TECHNOLOGIES LTD. 9.45%H D F C BANK LTD. 8.12%MAHINDRA & MAHINDRA LTD. 5.74%I T C LTD. 4.38%BHARTI AIRTEL LTD. 3.82%AXIS BANK LTD. 3.53%N T P C LTD. 3.20%LUPIN LTD. 3.07%POWER GRID CORPN. OF INDIA LTD. 2.91%KANSAI NEROLAC PAINTS LTD. 2.70%TATA CONSULTANCY SERVICES LTD. 2.63%OIL & NATURAL GAS CORPN. LTD. 2.59%GRASIM INDUSTRIES LTD. 2.36%GAIL (INDIA) LTD. 2.34%BANK OF BARODA 2.08%BHARAT PETROLEUM CORPN. LTD. 1.85%RELIANCE INDUSTRIES LTD. 1.85%STERLITE INDUSTRIES (INDIA) LTD. 1.85%TATA CHEMICALS LTD. 1.70%STATE BANK OF INDIA 1.64%

Flexi Growth

FUND OBJECTIVETo generate superior long-term returns from a diversified portfolio of equity and equity related instruments of large, mid and small cap companies.




ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

S&P CNX 500

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


Allocation inFund


Asset Allocation

Top 20 Equity StocksAllocation as a

% in Equity



RISK PROFILE

Risk

Exp

ect

ed

retu

rn

NAV GROWTH

Flexi Growth Benchmark Flexi Growth Benchmark


Flexi GrowthFlexi BalancedRICHMultiplier


OpportunityMoney Market IncomeBluechip




FUND SFIN NAV*** Rs.Flexi Growth Fund ULIF 026 20/03/07 LFlexiGro1 105 13.69Flexi Growth Fund II ULIF 027 20/03/07 LFlexiGro2 105 14.14Flexi Growth Fund III ULIF 028 20/03/07 LFlexiGro3 105 13.64Flexi Growth Fund IV ULIF 038 27/08/07 LFlexiGro4 105 12.1

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%


7.00

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00



BANK 26.26%TECHNOLOGY 14.05%CONSUMER 12.49%METALS & MINERALS 9.34%OIL & GAS 9.21%FINANCE 8.40%TELECOM 5.45%EPC 5.43%AUTO 4.21%RETAIL 2.27%INFRASTRUCTURE 1.27%CEMENT 1.14%PHARMA & HEALTHCARE 0.48%CAPITAL GOODS 0.00%

Sector Allocation

I T C LTD. 8.79%INFOSYS TECHNOLOGIES LTD. 8.24%RELIANCE INDUSTRIES LTD. 5.79%LARSEN & TOUBRO LTD. 5.43%TATA CONSULTANCY SERVICES LTD. 5.03%INDUSIND BANK LTD. 4.98%AXIS BANK LTD. 4.66%BHARTI AIRTEL LTD. 4.55%BANK OF BARODA 4.41%ALLAHABAD BANK 4.37%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 4.08%PUNJAB NATIONAL BANK 3.95%TATA STEEL LTD. 3.42%H D F C BANK LTD. 3.41%POWER FINANCE CORPN. LTD. 2.53%JINDAL STEEL & POWER LTD. 2.42%PANTALOON RETAIL (INDIA) LTD. 2.27%HINDALCO INDUSTRIES LTD. 2.24%MARICO LTD. 2.09%GAIL (INDIA) LTD. 1.99%

Bluechip





ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

Nifty

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO

AUM (Rs. Million): 673.42

Allocation inFund


Asset Allocation


% in Equity



RISK PROFILE

Risk

Exp

ect

ed

retu

rn

NAV GROWTH

Bluechip Benchmark Bluechip Benchmark


Flexi Growth

Bluechip

Flexi BalancedRICHMultiplier


OpportunityMoney Market Income




FUND SFIN NAV*** Rs.Blue Chip Fund ULIF 087 24/11/09 LBluChip 105 9.64

-10.00%

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

1 Year Since inception

9.00

10.00

11.00

12.00

13.00

Nov-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11


Income

FUND OBJECTIVETo provide accumulation of income through investment in various fixed income securities. The Fund seeks to provide capital appreciation while maintaining a suitable balance between return, safety and liquidity.

Debt Instruments, Money Market & Cash 100 100


ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK


PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


NAV GROWTH

Income Benchmark Income Benchmark


IncomeBluechip



OpportunityMoney Market



Average Maturity of Portfolio (Months) 45.46Yield to Maturity of Debt Portfolio 9.55%


Debt


< 1 year 39.86%

1-5 years 32.73%

5-7 years 2.00%

7-10 years 13.90%

> 10 years 11.51%

TOTAL 100.00%






TOTAL 100.00%

RISK PROFILE

Risk

Exp

ect

ed

retu

rn


FUND SFIN NAV*** Rs.Income Fund ULIF 089 24/11/09 LIncome 105 11.2784

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


9.50

9.75

10.00

10.25

10.50

10.75

11.00

11.25

11.50

Nov-09 Feb-10 May-10 Aug-10 Nov-10 Feb-11 May-11 Aug-11


Money Market

FUND OBJECTIVETo provide suitable returns through low risk investments in debt and money market instruments while attempting to protect the capital deployed in the Fund.

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


NAV GROWTH

Money Market Benchmark Money Market Benchmark


Bluechip



OpportunityMoney Market Income

Debt Instruments 50 0



ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

CRISIL Liquid Index



Average Maturity of Portfolio (Months) 5.04Average Maturity Of Debt Benchmark (months) 2.23Yield to Maturity of Debt Portfolio 9.88%


Debt


< 1 year 91.49%

1-5 years 8.51%

5-7 years 0.00%

7-10 years 0.00%

> 10 years 0.00%

TOTAL 100.00%






TOTAL 100.00%

RISK PROFILE

Risk

Exp

ect

ed

retu

rn


FUND SFIN NAV*** Rs.Money Market Fund ULIF 090 24/11/09 LMoneyMkt 105 11.2295

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


10.00

10.25

10.50

10.75

11.00

11.25

Nov-09 Mar-10 Jun-10 Oct-10 Jan-11 May-11 Aug-11


BANK 15.80%OIL & GAS 12.82%TECHNOLOGY 12.03%CONSUMER 10.22%METALS & MINERALS 9.10%FINANCE 6.63%TELECOM 5.19%AUTO 5.17%EPC 4.87%INFRASTRUCTURE 4.00%CAPITAL GOODS 3.68%OTHERS 3.42%CEMENT 3.24%MEDIA 1.50%PHARMA & HEALTHCARE 1.15%REAL ESTATE 1.09%RETAIL 0.09%

Sector Allocation

I T C LTD. 8.87%INFOSYS TECHNOLOGIES LTD. 7.87%H D F C BANK LTD. 6.81%RELIANCE INDUSTRIES LTD. 5.43%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 4.93%BHARTI AIRTEL LTD. 4.90%TATA CONSULTANCY SERVICES LTD. 4.16%STATE BANK OF INDIA 2.89%BANK OF BARODA 2.83%BHARAT HEAVY ELECTRICALS LTD. 2.45%AXIS BANK LTD. 2.40%OIL & NATURAL GAS CORPN. LTD. 2.34%TATA STEEL LTD. 2.08%STERLITE INDUSTRIES (INDIA) LTD. 1.91%MAHINDRA & MAHINDRA LTD. 1.82%A C C LTD. 1.75%GAIL (INDIA) LTD. 1.67%LARSEN & TOUBRO LTD. 1.55%JINDAL STEEL & POWER LTD. 1.53%ZEE ENTERTAINMENT ENTERPRISES LTD. 1.50%

Opportunity

FUND OBJECTIVETo generate superior long-term returns from a diversified portfolio of equity and equity related instruments of companies operating in four important types of industries viz., Resources, Investment-related, Consumption-related and Human Capital leveraged industries.




ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

BSE 200

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


Allocation inFund


Asset Allocation


% in Equity



RISK PROFILE

Risk

Exp

ect

ed

retu

rn

NAV GROWTH

Opportunity Benchmark Opportunity Benchmark


Bluechip



Income Money Market Opportunity




FUND SFIN NAV*** Rs.Opportunity Fund ULIF 086 24/11/09 LOpport 105 10.16

-10.00%

-12.00%

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

2.00%


9.00

10.00

11.00

12.00

13.00



Dynamic P/E

FUND OBJECTIVETo provide long term capital appreciation through dynamic asset allocation between equity and debt. The allocation in equity and equity related securities is determined by reference to the P/E multiple on the NIFTY 50; the remainder is to be invested in debt instruments, money market and cash.

Debt Instruments and Derivaties 100 0 %

Equity and Equity related securities 100 0 %


ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

NIFTY- 75%

MIBEX - 25%

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


RISK PROFILE

Risk

Exp

ect

ed

retu

rn

NAV GROWTH

Dynamic P/E Benchmark Dynamic P/E Benchmark


Dynamic P/E

OpportunityBluechip



Income Money Market


Multi Cap GrowthMulti Cap Balanced Pinnacle

Allocation inFund

EQUITY 94.40%DEBT 3.04%OTHER CURRENT ASSET & EQUIVALENT 2.56%TOTAL 100.00%

Asset Allocation

BANK 18.60%OIL & GAS 13.47%TECHNOLOGY 13.10%CONSUMER 8.96%AUTO 7.83%


RELIANCE INDUSTRIES LTD. 8.41%H D F C BANK LTD. 7.95%INFOSYS TECHNOLOGIES LTD. 7.74%I T C LTD. 6.82%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 6.40%LARSEN & TOUBRO LTD. 5.72%STATE BANK OF INDIA 5.11%TATA CONSULTANCY SERVICES LTD. 3.48%BHARTI AIRTEL LTD. 3.18%AXIS BANK LTD. 2.70%








Average Maturity Of Debt Portfolio (months) 76.60Yield To Maturity Of Debt Portfolio 8.38%




DATE OF INCEPTION: Jan 11, 2010

FUND SFIN NAV*** Rs.Dynamic P/E Fund ULIF 097 11/01/10 LDynmicPE 105 10.17

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

2.00%


9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50

Jan-10 May-10 Sep-10 Jan-11 May-11 Aug-11


Multi Cap Balanced


Equity & Equity Related Securities 60 0



ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

CNX 500 - 55%

CRISIL - 45%

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


NAV GROWTH

Multi Cap Balanced Benchmark Multi Cap Balanced Benchmark


Multi Cap Balanced

OpportunityBluechip



Income Money Market


Multi Cap GrowthDynamic P/E Pinnacle

Allocation inFund


Asset Allocation



I T C LTD. 6.49%RELIANCE INDUSTRIES LTD. 5.91%INFOSYS TECHNOLOGIES LTD. 5.72%BHARTI AIRTEL LTD. 3.89%TATA STEEL LTD. 3.38%BANK OF BARODA 3.38%TATA CONSULTANCY SERVICES LTD. 3.31%MAHINDRA & MAHINDRA LTD. 3.04%AXIS BANK LTD. 2.99%H D F C BANK LTD. 2.88%








Average Maturity Of Debt Portfolio (months) 42.03Average Maturity Of Debt Benchmark (months) 34.92Yield To Maturity Of Debt Portfolio 9.44%




RISK PROFILE

Exp

ect

ed

retu

rn

Risk


FUND SFIN NAV*** Rs.Multi Cap Balanced Fund ULIF 088 24/11/09 LMCapBal 105 10.24

-4.00%

-3.00%

-2.00%

-1.00%

0.00%

1.00%

2.00%


9.50

10.00

10.50

11.00

11.50

12.00



BANK 19.81%OIL & GAS 19.17%TECHNOLOGY 11.37%METALS & MINERALS 7.59%CONSUMER 7.34%AUTO 7.11%INFRASTRUCTURE 6.74%OTHERS 5.12%TELECOM 4.98%CEMENT 3.70%PHARMA & HEALTHCARE 2.43%CAPITAL GOODS 2.12%EPC 0.95%FINANCE 0.93%REAL ESTATE 0.51%MEDIA 0.15%

Sector Allocation

INFOSYS TECHNOLOGIES LTD. 7.67%H D F C BANK LTD. 6.45%BHARTI AIRTEL LTD. 4.98%OIL & NATURAL GAS CORPN. LTD. 4.90%I T C LTD. 4.73%MAHINDRA & MAHINDRA LTD. 4.28%RELIANCE INDUSTRIES LTD. 3.90%GRASIM INDUSTRIES LTD. 3.70%GAIL (INDIA) LTD. 3.54%N T P C LTD. 3.18%AXIS BANK LTD. 3.10%TATA CHEMICALS LTD. 2.83%TATA CONSULTANCY SERVICES LTD. 2.58%TATA STEEL LTD. 2.54%BHARAT PETROLEUM CORPN. LTD. 2.39%INDUSIND BANK LTD. 2.17%BANK OF BARODA 2.12%CAIRN INDIA LTD. 2.10%ALLAHABAD BANK 2.08%POWER GRID CORPN. OF INDIA LTD. 1.94%

Multi Cap Growth





ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

CNX 500

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


Allocation inFund


Asset Allocation


% in Equity



RISK PROFILE

Risk

Exp

ect

ed

retu

rn

NAV GROWTH

Multi Cap Growth Benchmark Multi Cap Growth Benchmark


Multi Cap Growth

OpportunityBluechip



Income Money Market


Pinnacle Multi Cap BalancedDynamic P/E


FUND SFIN NAV*** Rs.Multi Cap Growth Fund ULIF 085 24/11/09 LMCapGro 105 10.46

-15.00%

-10.00%

-5.00%

0.00%

5.00%


9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50

13.00



Pinnacle

FUND OBJECTIVETo generate optimal returns through an actively managed equity portfolio while using debt instruments to manage the guarantee. The fund would use equity and fixed income derivatives as permitted by IRDA from time to time.

Equity and Equity Related Securities 100 0

Debt Instruments and derivatives 100 0


ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

-

PERFORMANCE SUMMARY

ANNUALIZED RETURNS


PORTFOLIO


Allocation inFund


Asset Allocation

NAV GROWTH

Pinnacle Pinnacle


Opportunity

Pinnacle

Bluechip



Income Money Market


Multi Cap GrowthMulti Cap BalancedDynamic P/E



H D F C BANK LTD. 8.97%RELIANCE INDUSTRIES LTD. 8.00%INFOSYS TECHNOLOGIES LTD. 7.48%I T C LTD. 7.14%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 5.91%LARSEN & TOUBRO LTD. 5.74%STATE BANK OF INDIA 5.37%TATA CONSULTANCY SERVICES LTD. 3.47%BHARTI AIRTEL LTD. 3.34%AXIS BANK LTD. 2.88%








Average Maturity of Debt Portfolio (Months) 185.59Yield to Maturity of Debt Portfolio 8.47%




RISK PROFILE

Exp

ect

ed

retu

rn

Risk

DATE OF INCEPTION: Oct 26, 2009

FUND SFIN NAV*** Rs.Pinnacle Fund ULIF 081 26/10/09 LPinnacle 105 10.51

-5.00%

-4.00%

-3.00%

-2.00%

-1.00%

0.00%

1.00%

2.00%

3.00%


9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50

Oct-09 Jan-10 Apr-10 Jul-10 Sep-10 Dec-10 Mar-11 Jun-11 Aug-11






Debt Asset Allocation Allocation in Fund

Pension Balancer


FUND OBJECTIVETo provide a balance between long-term capital appreciation and current income through investment in equity as well as fixed income instruments in appropriate proportions depending on market conditions prevalent from time to time.




ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

35% BSE 100 & 65% CRISIL Composite Bond Index

PERFORMANCE SUMMARY

PORTFOLIO


EQUITY 34.88%

DEBT 61.27%


TOTAL 100.00%

Allocation inFund

Asset Allocation

Top 5 Sectors in EquityAllocation as a

% in Equity

BANK 27.94%TECHNOLOGY 14.10%CONSUMER 10.25%METALS & MINERALS 10.04%OIL & GAS 9.60%

INFOSYS TECHNOLOGIES LTD. 8.18%I T C LTD. 8.14%LARSEN & TOUBRO LTD. 5.32%TATA CONSULTANCY SERVICES LTD. 5.28%AXIS BANK LTD. 5.19%RELIANCE INDUSTRIES LTD. 5.04%BHARTI AIRTEL LTD. 4.82%INDUSIND BANK LTD. 4.40%BANK OF BARODA 4.33%PUNJAB NATIONAL BANK 4.26%


% in Equity



RISK PROFILE

Exp

ect

ed

retu

rn

Risk

Pension Balancer Benchmark

NAV GROWTH

Pension Balancer Benchmark

ANNUALIZED RETURNS


Pension PreserverPension Maximiser Pension ProtectorPension Balancer

Pension Flexi GrowthPension Flexi BalancedPension RICHPension Multiplier

Pension OpportunityPension Money Market Pension IncomePension Bluechip

Pension Multi Cap GrowthPension Multi Cap BalancedPension Dynamic P/E

Linked Life Funds Linked Pension Funds

DATE OF INCEPTION: May 31, 2002

FUND SFIN NAV*** Rs.Pension Balancer Fund ULIF 005 03/05/02 PBalancer1 105 30.17Pension Balancer Fund II ULIF 015 17/05/04 PBalancer2 105 22.54

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%


8.00

10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

28.00

30.00

32.00

34.00

May-02 Sep-03 Jan-05 May-06 Sep-07 Jan-09 May-10 Aug-11






FIXED DEPOSITS WITH BANKS 22.89%OTHER CURRENT ASSETS AND EQUIVALENT 5.37%TOTAL 100.00%


Pension Protector


FUND OBJECTIVETo provide accumulation of income through investment in various fixed income securities. The fund seeks to provide capital appreciation while maintaining a suitable balance between return, safety and liquidity.




ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK


PERFORMANCE SUMMARY


PORTFOLIO



TOTAL 100.00%



RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTHANNUALIZED RETURNS

Pension Protector Benchmark


Pension ProtectorPension Balancer Pension PreserverPension Maximiser




Pension Protector Benchmark



FUND SFIN NAV*** Rs.Pension Protector Fund ULIF 006 03/05/02 PProtect1 105 18.7425Pension Protector Fund II ULIF 017 17/05/04 PProtect2 105 16.107

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00

May-02 Apr-04 Feb-06 Dec-07 Oct-09 Aug-11


Pension Maximiser


FUND OBJECTIVETo generate long-term capital appreciation through investment primarily in equity and equity-related instruments.




ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

BSE 100

PERFORMANCE SUMMARY

PORTFOLIO


Allocation inFund


Asset Allocation

Allocation as a % in Equity Sector Allocation

BANK 19.49%METALS & MINERALS 14.74%TECHNOLOGY 12.80%OIL & GAS 10.94%AUTO 8.94%CONSUMER 7.51%TELECOM 5.95%CEMENT 5.10%FINANCE 3.68%CAPITAL GOODS 2.90%INFRASTRUCTURE 2.35%PHARMA & HEALTHCARE 2.22%RETAIL 1.60%EPC 1.15%REAL ESTATE 0.33%OTHERS 0.30%

H D F C BANK LTD. 10.27%RELIANCE INDUSTRIES LTD. 8.02%INFOSYS TECHNOLOGIES LTD. 7.04%STATE BANK OF INDIA 6.40%I T C LTD. 6.03%BHARTI AIRTEL LTD. 5.95%TATA STEEL LTD. 5.56%MAHINDRA & MAHINDRA LTD. 4.98%STERLITE INDUSTRIES (INDIA) LTD. 4.33%TATA CONSULTANCY SERVICES LTD. 3.76%JINDAL STEEL & POWER LTD. 3.13%A C C LTD. 2.90%SHRIRAM TRANSPORT FINANCE CO. LTD. 2.83%MARUTI SUZUKI INDIA LTD. 2.70%OIL & NATURAL GAS CORPN. LTD. 2.36%LUPIN LTD. 1.99%POWER GRID CORPN. OF INDIA LTD. 1.94%BHARAT HEAVY ELECTRICALS LTD. 1.81%PANTALOON RETAIL (INDIA) LTD. 1.59%I C I INDIA LTD. 1.48%


% in Equity


RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTH

Pension Maximiser Benchmark

ANNUALIZED RETURNS

Pension Maximiser Benchmark


Pension Maximiser Pension ProtectorPension Balancer Pension Preserver






FUND SFIN NAV*** Rs.Pension Maximiser Fund ULIF 004 03/05/02 PMaximis1 105 62.39Pension Maximiser Fund II ULIF 013 17/05/04 PMaximis2 105 36.33

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%


8.00

14.00

20.00

26.00

32.00

38.00

44.00

50.00

56.00

62.00

68.00

74.00

80.00

May-02 Dec-03 Jun-05 Jan-07 Jul-08 Feb-10 Aug-11






TOTAL 100.00%


Pension Preserver


FUND OBJECTIVETo provide suitable returns through low risk investments in debt and money market instruments while attempting to protect the capital deployed in the fund.

BENCHMARK

CRISIL Liquid Index


Debt instruments 50 0



ASSET ALLOCATION

Max (%) Min (%)

PERFORMANCE SUMMARY



TOTAL 100.00%



PORTFOLIO


RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTH

Pension Preserver Benchmark

ANNUALIZED RETURNS

Pension Preserver Benchmark







DATE OF INCEPTION: June 22, 2004

FUND SFIN NAV*** Rs.Pension Preserver Fund ULIF 011 17/05/04 PPreserv 105 16.8508

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


10.00

10.50

11.00

11.50

12.00

12.50

13.00

13.50

14.00

14.50

15.00

15.50

16.00

16.50

17.00

May-04 Mar-06 Jan-08 Oct-09 Aug-11



TOTAL 100.00%

INFOSYS TECHNOLOGIES LTD. 8.77%I T C LTD. 8.74%RELIANCE INDUSTRIES LTD. 5.77%TATA CONSULTANCY SERVICES LTD. 5.74%LARSEN & TOUBRO LTD. 5.38%BHARTI AIRTEL LTD. 4.92%AXIS BANK LTD. 4.69%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 3.81%INDUSIND BANK LTD. 3.60%PUNJAB NATIONAL BANK 3.53%TATA STEEL LTD. 3.28%POWER FINANCE CORPN. LTD. 3.24%ALLAHABAD BANK 3.21%BANK OF BARODA 3.00%H D F C BANK LTD. 2.80%HINDALCO INDUSTRIES LTD. 2.68%JINDAL STEEL & POWER LTD. 2.56%PANTALOON RETAIL (INDIA) LTD. 2.30%TATA MOTORS LTD. 1.98%CANARA BANK 1.95%

Pension Multiplier






ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

S&P CNX Nifty

PERFORMANCE SUMMARY

Allocation inFund

Asset Allocation



% in Equity


PORTFOLIO


RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTHANNUALIZED RETURNS

Pension Multiplier Benchmark


Pension Multiplier Benchmark

BANK 25.60%TECHNOLOGY 15.24%CONSUMER 10.18%METALS & MINERALS 9.86%OIL & GAS 9.61%FINANCE 8.79%TELECOM 5.92%EPC 5.38%AUTO 4.86%RETAIL 2.30%INFRASTRUCTURE 1.26%CEMENT 0.54%PHARMA & HEALTHCARE 0.47%

Pension Preserver

Pension Multiplier

Pension Maximiser Pension ProtectorPension Balancer

Pension Flexi GrowthPension Flexi BalancedPension RICH




DATE OF INCEPTION: Feb 25, 2008

FUND SFIN NAV*** Rs.Pension Multiplier Fund ULIF 043 25/02/08 PMultip1 105 9.47Pension Multiplier Fund II ULIF 045 25/02/08 PMultip2 105 9.77

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%


4.00

5.00

6.00

7.00

8.00

9.00

10.00

11.00

12.00

13.00

Feb-08 Jul-08 Nov-08 Mar-09 Jul-09 Nov-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11


Pension RICH


FUND OBJECTIVETo generate superior long-term returns from a diversified portfolio of equity and equity related instruments of companies operating in four important types of industries viz., Resources, Investment-realted, Consumption-related and Human Capital leveraged industries.




ASSET ALLOCATION

Max (%) Min (%)

BENCHMARK

BSE 200

PERFORMANCE SUMMARY


I T C LTD. 6.87%INFOSYS TECHNOLOGIES LTD. 6.69%RELIANCE INDUSTRIES LTD. 5.47%H D F C BANK LTD. 5.41%BHARTI AIRTEL LTD. 4.78%TATA CONSULTANCY SERVICES LTD. 4.49%OIL & NATURAL GAS CORPN. LTD. 3.22%TATA POWER CO. LTD. 2.73%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2.71%TATA STEEL LTD. 2.50%BHARAT HEAVY ELECTRICALS LTD. 2.50%STATE BANK OF INDIA 2.49%STERLITE INDUSTRIES (INDIA) LTD. 2.32%MAHINDRA & MAHINDRA LTD. 2.23%AXIS BANK LTD. 2.15%OIL INDIA LTD. 1.91%GAIL (INDIA) LTD. 1.86%TATA CHEMICALS LTD. 1.44%POWER GRID CORPN. OF INDIA LTD. 1.44%BHARAT PETROLEUM CORPN. LTD. 1.35%

Allocation inFund

Asset Allocation


OIL & GAS 15.74%BANK 13.34%TECHNOLOGY 12.06%CONSUMER 9.45%METALS & MINERALS 7.35%OTHERS 7.18%INFRASTRUCTURE 6.44%FINANCE 6.15%CAPITAL GOODS 5.60%TELECOM 5.19%AUTO 4.83%CEMENT 2.59%PHARMA & HEALTHCARE 1.51%REAL ESTATE 1.28%EPC 1.18%MEDIA 0.11%


% in Equity


PORTFOLIO


RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTH

Pension R.I.C.H Benchmark

ANNUALIZED RETURNS

Pension R.I.C.H Benchmark


Pension RICHPension Multiplier


Pension Flexi GrowthPension Flexi Balanced





FUND SFIN NAV*** Rs.Pension R.I.C.H. Fund ULIF 052 17/03/08 PRICH1 105 12.29Pension R.I.C.H. Fund II ULIF 053 17/03/08 PRICH2 105 12.62

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%


5.00

6.00

7.00

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

Mar-08 Sep-08 Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Aug-11


Pension Flexi Balanced

FUND OBJECTIVETo achieve a balance between capital appreciation and stable returns by investing in a mix of equity and equity related instruments of large,mid and small cap companies and debt and debt related instruments.

BENCHMARK

55% CNX 500 & 45% CRISIL Composite Bond Index




ASSET ALLOCATION

Max (%) Min (%)

PERFORMANCE SUMMARY







PORTFOLIO


EQUITY 54.65%

DEBT 41.66%


TOTAL 100.00%

Allocation inFund

Asset Allocation


% in Equity

OIL & GAS 13.38%BANK 12.32%CONSUMER 11.13%TECHNOLOGY 11.04%METALS & MINERALS 10.61%

I T C LTD. 6.86%H D F C BANK LTD. 6.39%INFOSYS TECHNOLOGIES LTD. 5.73%RELIANCE INDUSTRIES LTD. 5.09%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 4.62%BHARTI AIRTEL LTD. 4.57%TATA CONSULTANCY SERVICES LTD. 3.66%OIL & NATURAL GAS CORPN. LTD. 3.62%CIPLA LTD. 2.64%MAHINDRA & MAHINDRA LTD. 2.56%


% in Equity

Average Maturity of Debt Portfolio (Months) 40.00Average Maturity of Benchmark (Months) 34.92Yield to Maturity of Debt Portfolio 9.45%


RISK PROFILE

Exp

ect

ed

retu

rn

Risk

Pension Flexi Balanced Benchmark

NAV GROWTH

Pension Flexi Balanced Benchmark

ANNUALIZED RETURNS


Pension Flexi BalancedPension RICHPension Multiplier


Pension Flexi Growth





FUND SFIN NAV*** Rs.Pension Flexi Balanced Fund ULIF 034 20/03/07 PFlexiBal1 105 13.88Pension Flexi Balanced Fund II ULIF 035 20/03/07 PFlexiBal2 105 14.4

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00





BENCHMARK

S&P CNX 500




ASSET ALLOCATION

Max (%) Min (%)

PERFORMANCE SUMMARY


TOTAL 100.00%

Allocation inFund

Asset Allocation


BANK 17.46%TECHNOLOGY 13.83%OIL & GAS 11.47%CONSUMER 9.39%INFRASTRUCTURE 9.18%METALS & MINERALS 8.28%AUTO 7.23%OTHERS 5.47%CAPITAL GOODS 4.05%TELECOM 3.87%FINANCE 3.58%CEMENT 3.48%PHARMA & HEALTHCARE 2.36%REAL ESTATE 0.20%EPC 0.14%MEDIA 0.01%

INFOSYS TECHNOLOGIES LTD. 9.41%H D F C BANK LTD. 8.19%MAHINDRA & MAHINDRA LTD. 5.54%I T C LTD. 4.29%BHARTI AIRTEL LTD. 3.87%AXIS BANK LTD. 3.24%POWER GRID CORPN. OF INDIA LTD. 2.97%N T P C LTD. 2.78%TATA CONSULTANCY SERVICES LTD. 2.59%OIL & NATURAL GAS CORPN. LTD. 2.51%KANSAI NEROLAC PAINTS LTD. 2.41%GAIL (INDIA) LTD. 2.34%GRASIM INDUSTRIES LTD. 2.29%BANK OF BARODA 2.15%RELIANCE INDUSTRIES LTD. 1.99%TATA CHEMICALS LTD. 1.71%LUPIN LTD. 1.65%STERLITE INDUSTRIES (INDIA) LTD. 1.61%SATLUJ JAL VIDYUT NIGAM LIMITED 1.58%BHARAT PETROLEUM CORPN. LTD. 1.54%


% in Equity



PORTFOLIO


RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTH

Pension Flexi Growth Benchmark

ANNUALIZED RETURNS

Pension Flexi Growth Benchmark








FUND SFIN NAV*** Rs.Pension Flexi Growth Fund ULIF 029 20/03/07 PFlexiGro1 105 13.61Pension Flexi Growth Fund II ULIF 030 20/03/07 PFlexiGro2 105 14.11

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%


6.00

7.00

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00



Pension Bluechip


BENCHMARK

Nifty




ASSET ALLOCATION

Max (%) Min (%)

PERFORMANCE SUMMARY


TOTAL 100.00%

Allocation inFund

Asset Allocation


BANK 25.22%TECHNOLOGY 13.88%CONSUMER 11.63%OIL & GAS 10.74%FINANCE 9.41%METALS & MINERALS 9.30%EPC 5.42%TELECOM 4.67%AUTO 4.29%RETAIL 2.29%INFRASTRUCTURE 1.46%CEMENT 1.21%PHARMA & HEALTHCARE 0.47%

I T C LTD. 8.84%INFOSYS TECHNOLOGIES LTD. 7.75%RELIANCE INDUSTRIES LTD. 5.93%LARSEN & TOUBRO LTD. 5.42%TATA CONSULTANCY SERVICES LTD. 5.35%PUNJAB NATIONAL BANK 4.77%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 4.72%BHARTI AIRTEL LTD. 4.67%BANK OF BARODA 4.41%AXIS BANK LTD. 4.16%INDUSIND BANK LTD. 4.00%ALLAHABAD BANK 3.28%TATA STEEL LTD. 3.26%H D F C BANK LTD. 2.98%JINDAL STEEL & POWER LTD. 2.43%POWER FINANCE CORPN. LTD. 2.36%HINDALCO INDUSTRIES LTD. 2.30%PANTALOON RETAIL (INDIA) LTD. 2.29%RURAL ELECTRIFICATION CORPN. LTD. 2.00%TATA MOTORS LTD. 1.89%


% in Equity



PORTFOLIO


RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTH

Pension Bluechip Benchmark

ANNUALIZED RETURNS

Pension Bluechip Benchmark



Pension Bluechip

Pension Flexi BalancedPension RICHPension Multiplier


Pension OpportunityPension Money Market Pension Income




FUND SFIN NAV*** Rs.Pension Bluechip Fund ULIF 093 11/01/10 PBluChip 105 9.21

-12.00%

-10.00%

-8.00%

-6.00%

-4.00%

-2.00%

0.00%


9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50



Pension Income

FUND OBJECTIVETo provide accumulation of income through investment in various fixed income securities. The Fund seeks to provide capital appreciation while maintaining a suitable balance between return, safety and liquidity.

BENCHMARK


Debt Instruments, Money Market & Cash 100 100


ASSET ALLOCATION

Max (%) Min (%)

PERFORMANCE SUMMARY


PORTFOLIO


NAV GROWTH

Pension Income Benchmark

ANNUALIZED RETURNS

Pension Income Benchmark


Pension IncomePension Bluechip



Pension OpportunityPension Money Market







TOTAL 100.00%




TOTAL 100.00%



RISK PROFILE

Risk

Exp

ect

ed

retu

rn


FUND SFIN NAV*** Rs.Pension Income Fund ULIF 095 11/01/10 PIncome 105 11.0808

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%


10.00

10.25

10.50

10.75

11.00

11.25



Pension Money Market

FUND OBJECTIVETo provide suitable returns through low risk investments in debt and money market instruments while attempting to protect the capital deployed in the Fund.

BENCHMARK

CRISIL Liquid Index

Debt Instruments 50 0



ASSET ALLOCATION

Max (%) Min (%)

PERFORMANCE SUMMARY


PORTFOLIO


NAV GROWTH

Pension Money Market Benchmark

ANNUALIZED RETURNS

Pension Money Market Benchmark


Pension Money Market Pension IncomePension Bluechip



Pension Opportunity







TOTAL 100.00%




TOTAL 100.00%



RISK PROFILE

Risk

Exp

ect

ed

retu

rn


FUND SFIN NAV*** Rs.Pension Money Market FundULIF 096 11/01/10 PMoneyMkt 105 11.1868

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%


10.00

10.20

10.40

10.60

10.80

11.00

11.20



Pension Opportunity

FUND OBJECTIVETo generate superior long-term returns from a diversified portfolio of equity and equity related instruments of companies operating in four important types of industries viz., Resources, Investment-related, Consumption-related and Human Capital leveraged industries.

BENCHMARK

BSE 200




ASSET ALLOCATION

Max (%) Min (%)

PERFORMANCE SUMMARY


TOTAL 100.00%

Allocation inFund

Asset Allocation


OIL & GAS 16.07%BANK 14.08%CONSUMER 10.86%TECHNOLOGY 10.25%METALS & MINERALS 7.97%FINANCE 6.49%TELECOM 5.90%OTHERS 5.89%CAPITAL GOODS 5.31%AUTO 4.13%EPC 3.82%INFRASTRUCTURE 3.42%CEMENT 2.31%PHARMA & HEALTHCARE 1.59%REAL ESTATE 1.09%MEDIA 0.78%RETAIL 0.01%

H D F C BANK LTD. 7.30%I T C LTD. 7.15%INFOSYS TECHNOLOGIES LTD. 6.04%RELIANCE INDUSTRIES LTD. 5.56%BHARTI AIRTEL LTD. 5.02%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 5.01%TATA CONSULTANCY SERVICES LTD. 4.22%OIL & NATURAL GAS CORPN. LTD. 3.53%STATE BANK OF INDIA 2.89%AXIS BANK LTD. 2.44%BHARAT HEAVY ELECTRICALS LTD. 2.36%KALPATARU POWER TRANSMISSION LTD. 2.30%TATA STEEL LTD. 2.20%STERLITE INDUSTRIES (INDIA) LTD. 1.88%GAIL (INDIA) LTD. 1.88%NESTLE INDIA LTD. 1.87%GODREJ CONSUMER PRODUCTS LTD. 1.84%MARUTI SUZUKI INDIA LTD. 1.74%HINDALCO INDUSTRIES LTD. 1.73%N T P C LTD. 1.69%


% in Equity



PORTFOLIO


RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTH

Pension Opportunity Benchmark

ANNUALIZED RETURNS

Pension Opportunity Benchmark








FUND SFIN NAV*** Rs.Pension Opportunities Fund ULIF 092 11/01/10 POpport 105 9.79

-12.00%

-10.00%

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

1 Year Since inception9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50



Pension Dynamic P/E

FUND OBJECTIVETo provide long term capital appreciation through dynamic asset allocation between equity and debt. The allocation in equity and equity related securities is determined by reference to the P/E multiple on the NIFTY 50; the remainder is to be invested in debt instruments, money market and cash.

BENCHMARK

NIFTY- 75%

MIBEX - 25%

Debt Instruments and Derivaties 100 0

Equity and Equity related securities 100 0


ASSET ALLOCATION

Max (%) Min (%)

PERFORMANCE SUMMARY


PORTFOLIO


RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTH

Pension Dynamic P/E Benchmark

ANNUALIZED RETURNS

Pension Dynamic P/E Benchmark





Pension Dynamic P/E Pension Multi Cap GrowthPension Multi Cap Balanced







EQUITY 92.36%

DEBT 2.80%


TOTAL 100.00%

Allocation inFund

Asset Allocation


% in Equity


RELIANCE INDUSTRIES LTD. 8.36%H D F C BANK LTD. 8.34%INFOSYS TECHNOLOGIES LTD. 7.69%I T C LTD. 6.86%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 6.12%LARSEN & TOUBRO LTD. 5.68%STATE BANK OF INDIA 5.34%TATA CONSULTANCY SERVICES LTD. 3.52%BHARTI AIRTEL LTD. 3.20%AXIS BANK LTD. 2.83%


% in Equity




FUND SFIN NAV*** Rs.Pension Dynamic P/E Fund ULIF 098 11/01/10 PDynmicPE 105 10.00

-8.00%

-6.00%

-4.00%

-2.00%

0.00%


0.00%

9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50



Pension Multi Cap Balanced


BENCHMARK

CNX 500 - 55%

CRISIL Composite Bond Index - 45%




ASSET ALLOCATION

Max (%) Min (%)

PERFORMANCE SUMMARY


PORTFOLIO


NAV GROWTH

Pension Multi Cap Balanced Benchmark

ANNUALIZED RETURNS

Pension Multi Cap Balanced Benchmark





Pension Multi Cap BalancedPension Dynamic P/E Pension Multi Cap Growth







EQUITY 50.92%

DEBT 35.48%


TOTAL 100.00%

Allocation inFund

Asset Allocation


% in Equity


INFOSYS TECHNOLOGIES LTD. 5.60%I T C LTD. 5.60%RELIANCE INDUSTRIES LTD. 4.46%BHARTI AIRTEL LTD. 3.77%TATA CONSULTANCY SERVICES LTD. 3.55%BANK OF BARODA 3.34%HOUSING DEVELOPMENT FINANCE CORPN. LTD. 3.31%TATA STEEL LTD. 3.28%ASHOKA BUILDCON LTD. 3.05%AXIS BANK LTD. 2.98%


% in Equity



RISK PROFILE

Exp

ect

ed

retu

rn

Risk


FUND SFIN NAV*** Rs. Pension MultiCapB alanced F und ULIF 094 11/01/10 PMCapBal 105 9.85

-5.00%

-4.00%

-3.00%

-2.00%

-1.00%

0.00%


9.50

10.00

10.50

11.00

11.50



Pension Multi Cap Growth


BENCHMARK

CNX 500




ASSET ALLOCATION

Max (%) Min (%)

PERFORMANCE SUMMARY


TOTAL 100.00%

Allocation inFund

Asset Allocation


BANK 19.73%OIL & GAS 19.04%TECHNOLOGY 11.86%AUTO 9.91%CONSUMER 8.43%METALS & MINERALS 6.25%INFRASTRUCTURE 6.02%TELECOM 4.73%OTHERS 3.48%PHARMA & HEALTHCARE 3.43%CEMENT 3.15%CAPITAL GOODS 1.92%REAL ESTATE 0.95%FINANCE 0.90%EPC 0.21%

INFOSYS TECHNOLOGIES LTD. 8.17%MAHINDRA & MAHINDRA LTD. 7.03%H D F C BANK LTD. 5.56%I T C LTD. 5.21%OIL & NATURAL GAS CORPN. LTD. 4.83%BHARTI AIRTEL LTD. 4.73%RELIANCE INDUSTRIES LTD. 4.04%TATA STEEL LTD. 3.90%GAIL (INDIA) LTD. 3.86%GRASIM INDUSTRIES LTD. 3.15%BANK OF BARODA 3.00%ALLAHABAD BANK 3.00%N T P C LTD. 2.91%AXIS BANK LTD. 2.91%TATA CHEMICALS LTD. 2.90%BHARAT PETROLEUM CORPN. LTD. 2.87%TATA CONSULTANCY SERVICES LTD. 2.70%LUPIN LTD. 2.61%INDUSIND BANK LTD. 2.24%EXIDE INDUSTRIES LTD. 1.88%


% in Equity



PORTFOLIO


RISK PROFILE

Exp

ect

ed

retu

rn

Risk

NAV GROWTH

Pension Multi Cap Growth Benchmark

ANNUALIZED RETURNS

Pension Multi Cap Growth Benchmark








FUND SFIN NAV*** Rs. ULIF 091 Pension MultiCapGrowth F und 11/01/10 PMCapGro 105 10.27

-12.00%

-10.00%

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

2.00%


9.00

10.00

11.00

12.00

13.00



Performance Summary



Glossary of Terms

Find your Fund


Product - Fund MatrixLinked Life Funds


UIN Nos. LifeStage Regular Premium - 105L073V01, LifeStage Assure - 105L083V01, LIfeTime Plus - 105L054V01, LIfeTime Gold - 105L077V01, LifeTime Super - 105L056V01, LIfeTime II - 105L031V01, Life Time - 105L013V01, Premier Life Gold - 105L061V01, Premier Life - 105L037V01, Wealth Advantage - 105L085V01, LifeLink Super - 105L053V01, LifeLink II - 105L033V01, LIfeLink - 105N003V01, SmartKid New ULRP - 105L058V01, SmartKid ULRP Plan II - 105L036V01 , SmartKid ULRP - 105L028V01, SmartKid New Unit Linked SP - 105L059V01, SmartKid ULSP II - 105L035V01, Golden Years - 105L047V01, SmartKid Unit Linked SP - 105L029V01, Ace - 105L105V01, Assure Wealth Plus - 105L098V01, Assure Wealth Super - 105L098V01, LifeStage Wealth - 105L103V01, Premier Wealth - 105L097V01, SmartKid Assure - 105L106V01, SmartKid Maxima - 105L104V01, Life Stage Wealth II - 105L118V01, Life Link Wealth SP - 105L111V01, Life Time Premier - 105L112V01, Life Time Maxima - 105L096V01, Pinnacle - 105L097V01

For information on other funds Click Here

Life Sta

ge R

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r Prem

ium

LifeSta

ge A

ssure

LIfeTime P

lus

LIfeTime G

old

LifeTime S

uper

LIfeTime II

Life Time

Prem

ier Life Gold

Prem

ier Life

Wea

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nta

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LifeLink S

uper

LifeLink II

LIfeLink

Sm

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Sm

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LRP P

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Sm

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Gold

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Assu

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Assu

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LifeSta

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Prem

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Sm

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Life Link W

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Life Time P

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Life Time M

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Sm

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IV

IV

IV

IV

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1. Balancer

2. Protector

3. Maximiser

4. Preserver

5. Multiplier

6. RICH

7. Flexi Balanced

8. Flexi Growth

9. Bluechip

10. Income

11. Money Market

12. Opportunity

13. Dynamic P/E

14. Multi Cap Balanced

15. Multi Cap Growth

16. Pinnacle Fund

https://www.iciciprulife.com/ipru/Current_UnitValue.jsp




Product - Fund MatrixLinked Pension Funds

Performance Summary



Glossary of Terms

Find your Fund


LifeSta

ge Pen

sion

LifeTime S

uper Pen

sion

LifeTime Pen

sion II

Elite Pen

sion II

LifeTime Pen

sion M

axim

a

LifeSta

ge Pen

sion A

dva

nta

ge

Assu

re Pensio

n

LifeSta

ge A

ssure Pen

sion

Elite Pen

sion

LifeLink Pen

sion

LifeLink Pen

sion II

LifeLink S

uper Pen

sion

Prem

ierLife Pensio

n

LifeTime Pen

sion

Pension Balancer

Pension Protector

Pension Maximiser

Pension Preserver

Pension Multiplier

Pension RICH

Pension Flexi Balanced


Pension Bluechip

Pension Income

Pension Money Market

Pension Opportunity

Pension Dynamic P/E

Pension Multi Cap Balanced

Pension Multi Cap Growth

I

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UIN Nos. LifeStage Pension - 105L100V01, LifeTime Super Pension - 105L055V01, LifeTime Pension II - 105L032V01, LifeTime Pension - 105L015V01, PremierLife Pension - 105L074V01, LifeLink Super Pension - 105L057V01, LifeLink Pension II - 105L034V01, LifeLink Pension - 105N003V01, Elite Pension - 105L094V01, LifeStage Assure Pension - 105L092V01, Assure Pension - 105L102V01, LifeStage Pension Advantage - 105L100V01, LifeTime Pension Maxima - 105L101V01, Elite Pension II - 105L099V01

For information on other funds Click Here





The Investment TeamAdvises

Performance Summary




Overall Advice ICICI Prudential Highlights

Investment Team

• With volatility expected to continue in the near future, ATS may be used for any new investments.

• For existing investments, determine your risk profile and optimal asset allocation if notalready done so. Determine the current asset allocation of your overall investmentportfolio. Make suitable adjustment to your portfolio to bring it in line with youroptimal asset allocation. You can use Switch or ATS facilities to easily adjust yourasset allocation.

• • Mr. Jitendra AroraExecutive Vice President Senior Vice President

• Mr. Arun Srinivasan • Mr. Lakshmikanth ReddySenior Vice President Executive Vice President

• Ms. Meghana BajiSenior Vice President

Mr. Manish Kumar

• We are one of the market leaders in the Indian private life insurance space

• We currently have over Rs. 64,000 cr (as on August 30, 2011) in assets under management.

• We are capitalized at Rs. 4,780 cr (as on August 30, 2011) making us one of India's highest capitalized companies across sectors


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The 5 Mantras ofFinancial Freedom

Performance Summary




Goal Based Investing

Regular Investments

Cover Your Financial Risks

Asset Allocation

Start Early, Stay Long Term

Managing one's financial investments may appear very complicated given all the confusingadvice around and the jargon people often use. We will give you an overview of how we manage the complex part on the next page. Here, we discuss the critical few things you need to keep in mind. Think of them as your mantras of financial freedom.

While most of us know this, few recognize the incredible‘power of compounding' that forms the basis of thismaxim. For example, a person who invests Rs. 2 lac eachyear for 30 years and another person who invests Rs. 3 laceach year for 20 years would both have invested Rs. 60lacs. However, at 10% rate of return, the first person willend up with over Rs. 3.6 crore and the second person with not even Rs. 1.9 crore, a difference of almost 50% ! Themessege is clear, resist the temptation to splurge today.Go that extra mile to invest whatever you can as early asyou can. Your Golden Years depend on it!

This is a key decision to be taken and is responsible for attaining the significant returns that one gets over a long period of time. Asset allocation basicallyrefers to the balance an investor maintains betweenhis or her exposure to debt and equity instruments.The greater a person's risk taking ability the moreinvestments he should assign to equity, and thehigher will be the returns he will potentially make inthe long-run. Risk appetite in turn depends on

factors like age, income, dependants, investment horizon, inherent risk appetite, etc. Based on these parameters, an investor may calculate his optimal asset allocation using the calculator on our website. One should invest sticking closely to this asset allocation. Every quarter, asset allocation of one's investments should be reviewed and the fund switch feature should be used to bring asset allocation back in line with optimal asset allocation. Through this mechanism, one systematically invests more in equities when markets are low and less when markets are high, thus generating superior returns in the long run without worrying about things like timing the market.

We all invest with certain goals in mind which can range from buying a car, to children’s higher education, to retirement. It is important to recognize these goals and build a plan suitable for each. One needs to particularly take note of the time horizon and level of risk one can take for each of these goals. For instance, if next year one plans to send his daughter to a foreign university, he cannot take any risks and it would be best to invest in something like a fixed deposit. Conversely with something like retirement, this if a long time away, one must have some exposure to equities since one can tolerate short term volatility for better returns in the long run.

We have all heard stories from friends or relatives about how a sudden illness or death completely degraded thelifestyle of someone they knew. Some of us take the cavalier attitude “Oh that will never happen to me”. Likewise there will be others who worry excessively and become victims of fear keeping their savings in liquid assets thus foregoing higher returns. Of course, the smart ones insure away all their risks, and their fears. For a fee (premium), insurance companies can insure against

almost all risks such as death, illness, accidental disability, even house theft or fire. It is important to adequately cover the financial risks and live a life free from the burden of fear or low yielding ‘emergency funds’. For more details on how much life cover you need use the human life value calculator on our website.

This is another piece of advice that we hear very often and which has its basis in a key concept called ‘rupee cost averaging’. The simple fact to recognize is that no one can consistently time the market. In fact we make things worse by trying to time the market, because our psychology is such that we generally invest more when markets are high and everybody is cheerful, and likewise become fearful and invest less when markets are low,

whereas we should be doing the opposite! Rupee Cost Averaging implies that by sticking to a systematic plan of investing regularly, say every month or quarter, we minimize the risk of entering the market when it is at its peak or missing our when valuations are at their most attractive. The Automatic Transfer Strategy (ATS) is an ideal tool to ensure regular investments.


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The cornerstone of our investment philosophy is the investment policy put in place by our board's investment committee keeping in mind policyholders' long-term interests and regulatorynorms. Following are some of the salient features of our investment philosophy as detailed in this charter:

Superior risk adjusted returns: The investment policy has well defined limits on permissible risks that can be taken even as it gives freedom to fund managers to out perform the relevant benchmarks. The idea is not only to earn high returns but to do so without taking high risks. We have a qualified and

experienced team of fund managers who continuously analyze the factors affecting market movements l i ke economic fundamentals, institutional fund flows and market sentiment. Their constant endeavour is to maximize risk adjusted returns.

Regulatory guidelines: Life insurance companies in India are regulated by Insurance Regulatory Development Authority (IRDA), and these regulations focus on:(I) safety of investors' money by defining a minimum

acceptable quality of the investment portfolio, and(ii) transparency in terms of adequate disclosures about portfolio.

Process-driven approach to investments:Every fund has a defined investment objective,a benchmark suitable to the objective and pre-decided style of investing so that fundperformance is not a function only of a specificfund manager's skill but rather an outcome of policy defined features. Policyholders in insurance products commit money for the long-term and the investment performancecannot be purely subject to a spec i f i c fundm a n a g e r ' s s k i l l o r competence who may ormay not be consistent over the long-term.

Safety is paramount: One of our primary objectives is the safety of your investments and stability of returns. We e n s u r e t h a t o u r investment portfolio is adequately diversified and adheres to high standards of quality. Our investment policy does not permit us to follow risky strategies, whatever be the reward, such as holding poor quality credit or under diversified portfolios, etc.

How we go aboutManaging your Money

Performance Summary





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Glossary of Terms




Performance Summary

Fund: This is a collective pool of money created from individual investments such that each individual shares risks and rewards in the proportion of their contribution. Since a fund is managed as a single investment vehicle, all the investors will face the same risks and rewards. A professional fund manager invests the fund according to the objective of the fund defined in the offer document or policy document. In case of a policyholder who pays premium, a predetermined part of this is used to pay for life cover and other expenses. The remaining part of the premium is the investment which is put in the various funds (such as Maximiser and Balancer) as per the investor’s instructions. The investor is free to change the allocation of investments at any time during the term of the policy.

NAV: Net Asset Value of a fund on a given day is the total closing value of the securities held in the portfolio of the fund divided by the number of units outstanding. When a person invests a sum (say Rs. 10000) in a fund on a certain day when the NAV was Rs. 20 per unit he is assigned 10000÷20=500 units. On any given day, the investor can find the value of his investment in the fund by multiplying the units he holds by the NAV of the day. So if the NAV of the fund has become Rs. 30 per unit, the investor can calculate the value of his holdings as 500x30=Rs. 15000. The NAV changes with changes in value of investments in the fund.

Risk: Concept of risk of an investment essentially captures the possibility of loss in that investment. Risk, in terms of portfolio management, is defined as variability of the returns of a fund or more correctly expected variability. So if fund A and fund B both given 10% annualized returns, however fund A gives this same 10% consistently every year but fund B gives 3% in one year, 12% in another year and so on but still averages 10% per annum in the long run, then fund B is said to be more risky than fund A. Risk is generally measured as standard deviation or variance of returns. For similar levels of returns a rational investor will always choose the least risky asset.

Returns: Return is the reward one has got for taking risk and giving time. Absolute rate of return (or simply return) in a period is the ratio of increase (or decrease) in the NAV of the fund at the end of the period over the NAV at the start of

the period. Generally when reporting for a period longer than 1 year, the return is annualized (generally using the CAGR method) for the purpose of comparison. For example if in the last 1 year, the NAV of a fund has increased from Rs. 20 to Rs. 25, then absolute return (and in this case theannualized return as well) is (25-20)÷20=25%. If over the last 2 years, the NAV has grown from Rs. 15 to Rs. 30 then the absolute return in 2 years is (30-15)÷15=100%; however the annualized return, or compound annual growth rate is 41.4% per annum.

Benchmark: Every investment has to have a yardstick to evaluate whether it has met the objective of investment. A benchmark is a standard against which the performance of a fund can be compared. The benchmark for each fund is predetermined based on the investment objective and target asset allocation of the fund. At a macro level, a benchmark captures the average returns of all funds which have the same objective and funds that perform better than the benchmark can be said to be better than the average. Benchmarks can be either those that are readily available in the market or synthetically created. For example, Maximiser- a pure equity fund uses an equity benchmark the BSE 100, where as Balancer- a fund that invests 35% in equity and 65% in debt uses a synthetic benchmark consisting of 35% BSE 100 and 65% CRISIL composite bond index.

Debt: Debt or fixed income as an asset class refers toinvestment in securities that have well defined pay offs, and mostly pf a fixed nature or a fixed rate of return for a fixed period. Because of the fixed nature of returns debts as an asset class is less risky than equity. All securities where the borrower is the government are classified as government securities or gifts and have a negligible level of risk of default, i.e., Non-payment. Other borrowers have varying levels of risk of default, determined by a neutral third party such as CRISIL or Moody by looking at the financial strength of the borrower and being described in the rating of the security where AAA is the safest followed by AA+,AA and so on. Among debt securities there are various types of instruments viz., money market instruments, Certificate of Deposits, Fixed Deposits, Corporate bonds, Gifts, Loans, etc., which have different maturity, risk and reward profiles.

Equity: Equity investment means holding shares of companies, meaning that the investor is taking part ownership of a company rather that lending to the company. As a part owner of a business, the shareholder shares all the risks and rewards of the business. Several factors lead to appreciation in equity investments - all of which in some way relate to current and future prospects of the business of the company, also called fundamentals. Because of the variable nature of these factors, equity investments are more risky than debt investments, but have historically shown signifantly better returns in the long-run (investment horizon greater than 5 years).

Sharpe Ratio: This is a popular measure of risk adjusted returns. This is an important measure because it is inaccurate to compare the returns of funds that have different risk profiles or objectives. For instance, fund A may perform better than fund B but this may be because it is investing in small cap companies that are more risky. Sharperatio helps to compare the returns of funds taking into account the riskiness of returns, and is defined as reward ofinvesting in a risky asset per unit risk taken. More accurately, it is measured as:

Sharpe Ratio = Annualized Excess Return Annualized Std Deviation of Excess Returns

Excess Return is the difference between the fund return and the risk free rate of return. Standard Deviation is a common measure of risk. So a higher Sharpe Ratio means a fund has given superior returns (over an asset that has no risk such as a government security) for every unit of risk.

ATS: Automatic Transfer Strategy helps to mitigate any risk arising from market volatility by ensuring that you buy more units at lesser prices and fewer units when prices are high. Under ATS you can invest your entire premium in our money market funds (which are more conservative funds) and at predefined regular monthly intervals, i.e. 1st or 15th of every month, a fixed amount chosen by you is transferred to any one of the chosen equity based fund options available under the plan. This facility is available for customers opting for Fixed Portfolio Strategy and is FREE of charge.



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IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER. This document is for information purposes only. It does not constitute any recommendation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future movements in NAVs. All opinions given here are general in nature and clients should take into account their personal investment objectives, risk appetite and other aspects of their financial situation before making an investment decision. Please invest or make any decision regarding your financial activities only after consulting your financial advisor. ICICI Prudential shall not be responsible for any losses caused or any claims that arise due to investments made based on this newsletter. All fund performances published in this newsletter are based on past performance and do not imply that future performance will be similar. Please note that the funds are invested in capital markets and are hence exposed to the market risks inherent in such investments. While every effort has been made to ensure accuracy of the contents of this newsletter the Company cannot be held responsible for any errors, opinions or projections published herein. © 2009, ICICI Prudential Life Insurance Company Ltd. Registered Office: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. Reg. No. 105, Insurance is the subject matter of the solicitation. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values and the customer shall be responsible for his/her decision. The name of the Company, or names of the product or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns. Investments are subject to market risk. Past performance may not be guide to future performance, which may be different. Comp/doc/2009/VR1

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Performance Summary





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ensure september 2011

Documents

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quarter gdp growth