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INVESTMAP

www.sundarambnpparibas.in Sundaram BNP Paribas Mutual Fund

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Fact Sheet for July 2010

www.sundarambnpparibas.in Sundaram BNP Paribas Mutual Fundwww.sundarambnpparibas.in July 31, 2010

Past performance may or may not be sustained in the future; Returns are in %. Returns computed on compounded annualised basis basedon NAV of Regular Plan Growth Option. Sundaram BNP Paribas PSU Opportunities returns are on a absolute basis. NAV, performance & AUMas on July 31, 2010; Relevant benchmarks highlighted in italics.

Track Record Equity Funds

Launch Period One Year Three Years Five Years Since LaunchSundaram BNP Paribas Growth Fund Apr-97 19.3 5.7 18.6 20.9BSE 200 19.5 6.4 18.4 14.8S&P CNX 500 18.9 5.7 17.1 —Sundaram BNP Paribas Select Focus Jul-02 17.1 8.4 22.4 31.1S&P CNX Nifty 15.8 5.8 18.3 24.0S&P CNX 500 18.9 5.7 17.1 25.9Sundaram BNP Paribas Select Mid Cap Jul-02 39.3 13.0 26.2 39.9BSE Mid Cap 33.0 3.3 15.0 28.9S&P CNX 500 18.9 5.7 17.1 25.9Sundaram BNP Paribas India Leadership Jul-04 22.7 7.5 20.0 25.9S&P CNX Nifty 15.8 5.8 18.3 22.8S&P CNX 500 18.9 5.7 17.1 23.0Sundaram BNP Paribas SMILE Fund Feb-05 36.4 17.4 22.7 25.1CNX Mid Cap 41.4 10.8 19.8 21.0S&P CNX 500 18.9 5.7 17.1 17.9Sundaram BNP Paribas Equity Multiplier Feb-07 19.5 6.7 — 10.0CNX Mid Cap 41.4 10.8 — 16.1S&P CNX 500 18.9 5.7 — 10.1Sundaram BNP Paribas Select Small Cap Feb-07 51.2 7.9 — 9.3BSE Small Cap 50.6 5.0 — 8.0S&P CNX 500 18.9 5.7 — 9.0Sundaram BNP Paribas Tax Saver Nov-99 18.1 12.3 22.4 22.3BSE 200 19.5 6.4 18.4 15.0S&P CNX 500 18.9 5.7 17.1 14.9Sundaram BNP Paribas Capex Opportunities Sep-05 24.4 5.8 — 21.4BSE Capital Goods 15.8 3.1 — 25.1S&P CNX 500 18.9 5.7 — 14.9Sundaram BNP Paribas Rural India May-06 30.2 4.8 — 9.8BSE 500 21.3 5.9 — 9.4S&P CNX 500 18.9 5.7 — 8.8Sundaram BNP Paribas Energy Opportunities Jan-08 11.9 — — -6.5BSE Oil & Gas 7.2 — — -9.8S&P CNX 500 18.9 — — -6.9Sundaram BNP Paribas Financial Opportunities Jun-08 38.8 — — 34.3CNX Banks 34.7 — — 29.8S&P CNX 500 18.9 — — 11.1Sundaram BNP Paribas Entertainment Opportunities Jun-08 15.3 — — 20.6CNX Media 44.0 — — 0.8S&P CNX 500 18.9 — — 9.7Sundaram BNP Paribas PSU Opportunities Jan-10 — — — 7.1CNX PSE — — — -8.5S&P CNX 500 — — — 1.0

Assets Under Management (end of month): Rs 12,602 crore / $ 2.71 billion Assets Under Management (Average): Rs 12,592 crore / $ 2.71 billion

Disclosures: Page 28 & 29

Fund / Index


Outlook

Equity: The season of earnings upgrades appears to be ending and the element of positive surprise is alsocoming to an end. That necessarily is not bad, but how markets react when the numbers turn weak in the

second half will have to be watched.

We have been cautious on corporate profitability for some time now and are beginning to notice possible erosionof margins in the ensuing quarters.

We also expect global competition to increase bringing margins lower in India on a structural basis. As demandmomentum begins to weaken, and margins decline corporate profit growth will remain muted. We expectmarkets to remain in a range during this phase of adjustment with risks of corrective phases.

As global growth weakens and uncertainties about the fiscal health of governments and banks persists, aresumption of volatility in equity markets cannot be ruled out. That, along with slow project execution could dishearten many foreigninvestors who have been the largest investors this year.

A sustained equity offering pipeline by the government and the private sector could also dampen spirits. The silver lining as it were, is thatmany of these fears are known in the market and yet the animal spirits remain alive thanks to global inflow and an ultra low cost ofinternational capital.

Importantly, India has received 50% of the total equity inflows to the region so far this year. The recent run-up in mid-cap stocks has reducedthe valuation gap between the large-cap and the mid-cap spaces. Market volumes are also declining indicating a reduced speculative interest.

The Indian economy and markets are likely to outperform global peers but against a back drop of weakening global sentiment a short-termpullback cannot be ruled out. The pullback may not be severe, but can be disheartening.

India continues to be among the better emerging markets on a holistic basis, and will continue to remain a preferred destination.

We recommend that investors use market pullbacks as an opportunity to invest and continue to build a disciplined portfolio of good quality,free cash flow positive companies to ride this current volatile period. Maintaining liquidity is essential for riding out market volatility.

Satish RamanathanHead – Equity

Bonds: Last month was not only important on account of the central bank unfolding its stance on the quarterlymonetary policy, but also because of the tight liquidity situation. Liquidity became dearer and the money

market rates remained at elevated levels even after the June quarter.

In a surprise move the RBI raised the reverse repo rate by 50 basis points (bps) (1 basis points is 1/100 of 1% or0.01%) as compared to 25 bps anticipated while repo rate was raised by 25 bps in line with expectations. Theliquidity situation did not warrant a CRR (cash reserve ratio) hike and this was delivered in line with marketexpectations.

Government bond yields traded in a range of 7.60%-7.82% and ended higher as compared to the last month.Bond yields trended in a range, only to rise by 5 to 10 bps in the 5-to-10-year bucket. The RBI placed the realGDP growth forecast at 8.50% and inflation at 6.00% for FY 2011.

Money market rates continued the upward trend with the premium bank CDs (certificate of deposits) trading in a band of 6.75% to 6.80%while the CPs (commercial papers) traded 15 basis points higher. The rates were higher by 30 to 40 basis points from last month.

Outlook: Yields on long-term government bonds may move in a range of 15 to 30 basis points, as the central bank has shifted its stance tocounter inflationary expectations vis-à-vis growth concerns. The ten-year yield is likely to be in the range of 7.70%-8.00% during the month.

Money market rates are expected to remain elevated on account of liquidity remaining on the margin although the liquidity is likely to beeasier than the prior month. The festival season is also likely to see some cash withdrawals from the banking system.

Strategy: The volatility on the shorter-term rates is likely to persist and we will like to maintain shorter-money market duration. Our strategywill be to focus at the shorter end of the curve and actively seek deployment opportunities at higher yields and take advantage of the inter-maturity spreads. We will continue to take active trading calls and actively seek deployments at higher rates. Our strategy on long-termschemes will be to add duration at every rise in yields.

For a more detailed view of our view on economy and markets, please check out the online edition of The Wise Investor as well as the MarketOutlook Q3 2010 document.

Dwijendra SrivatsavaHead – Fixed Income(Dwijendra Srivatsava joined as Head-Fixed Income with effect from July 20, 2010)


Sundaram BNP Paribas Growth Fund

Fund Facts: An open-end equity scheme • Launch: April 1997 • Bloomberg: SUNGROW IN • Plans: Regular, Institutional • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • MinimumAmount: Rs 5,000 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29

Overweight UnderweightActive Sector Allocation versus Benchmark

PharmaServicesMedia & Entertainment

Energy - Oil & GasFinancial ServicesConsumer Goods

Overweight UnderweightActive Stock Allocation versus Benchmark

Bank of IndiaMahindra & MahindraPower TradingJet AirwaysMphasiS BFL

Reliance Industries HDFC Bank H D F CT C SB H E L

Sector Profile (%)

Financial Services19.6

Pharma10.5

Services9.7

Auto8.9

IT7.0

Energy-Utilities6.2

Energy-Oil & Gas4.7

Others28.6

Cash4.9

PortfolioSecurity Weight %

Portfolio Stance: The equity exposure in theportfolio has pared by about two percentagepoints to about 95%. The equity portfolio, asalways, maintains a well-diversified stancewith single-stock exposure at the time ofbuying a stock capped at 5%. The exposureto mid-cap space stays at an enhanced level,but the portfolio retains its large-cap tilt inline with fund positioning. Top sectors byallocation (not necessarily preference) arefinancial services, pharma (with increasedallocation as compared to last month) andservices. The degree of active bet inpharmaceuticals, which was the most activeexposure at the end of last month with anoverweight of 9 percentage points relative tothe benchmark, has been reduced. Withinsectors, the preference is for defensive andhigh visibility options such as pharma, autoand IT. Exposure to energy has been reducedand is the most active underweight stance asof end July.

Infosys 4.5ICICI Bank 4.5Bharti Airtel 4.1Mahindra & Mahindra 4.1Bank of India 3.8Tata Motors 3.1Larsen & Toubro 2.8Power Trading 2.7United Spirits 2.6MphasiS BFL 2.5Jindal Steel 2.5Jet Airways 2.5Dr Reddy's Labs 2.5Axis Bank 2.5Zee Entertainment 2.4Cairn India 2.4Adani Enterprises 2.3Lupin 2.3State Bank of India 2.3O N G C 2.3United Phosphorus 2.3IVRCL Infra 2.1ITC 2.1Glenmark Pharma 2.1Cipla 2.0Unitech 2.0Punjab National Bank 2.0JSW Energy 2.0Indian Hotels 1.8Bajaj Auto 1.7Dish TV 1.6Jaiprakash Associates 1.6Orchid Chemicals 1.6Spicejet 1.6Kotak Mahindra Bank 1.6SKS Micro Finance 1.5Adani Power 1.5YES Bank 1.5G E Shipping 1.4G S F C 1.3Sterlite Industries 1.1Equity 95.1Derivatives —Fixed Income —Cash / Others 4.9Number of Stocks 41

Weighted Average Market Cap: Rs 48,423 croreMedian Market Cap: Rs 22,878 crore

Fund Manager: J Venkatesan; He hasexperience of 19 years and is managing thisfund since January 2008

Benchmark BSE 200 Index

Value of Rs 1000-a-month SIP

Dividend-last 3 years (For history refer page 27)Record Date % Rs. per unit Record Date NAV 16/11/07 65.0 6.50 23.3519/02/10 20.0 2.00 12.70Dividend is declared on the face value of Rs 10 per unit. After declaration and paymentof dividend, the ex-dividend NAV will decline to the extent of the dividend payment.

Fund Size: Rs 162 crore NAV (Growth): Rs 90.0029 NAV (Dividend): Rs 12.0197

Turnover (%) 177

Relative performance for Rs 100 invested at launch

Fund: Rs 1,238 Benchmark: Rs 627

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FundBenchmark

Performance Change in NAV (%) Returns (%) Excess

Positioning: Diversified Large-Cap Fund

Period Fund Benchmark Fund Benchmark % pointsSince Inception 1137.5 527.0 20.9 14.8 6.0Last 10 years 562.1 391.7 20.8 17.3 3.5Last 7 years 467.2 383.0 28.1 25.2 2.9Last 5 years 134.9 133.2 18.6 18.4 0.2Last 3 years 18.0 20.5 5.7 6.4 -0.7Last 2 years 19.5 30.4 9.3 14.2 -4.9Last 1 year 19.3 19.5 19.3 19.5 -0.2

Past performance may or may not be sustained in future. Return/investment valueare as of July 31, 2010 are computed using an adjusted series of NAV for dividendsdeclared before separate Dividend and Growth Options were introduced in January2003. Returns are on a compounded annual basis. SIP values are in rupees.Performance Analysis on annualised basis using month-end NAVs since launch. Therisk free rate is 7.651% per annum based on the upper band of 10 year T-Bill yield.

Performance Analysis (Based on returns)

Alpha 5.77Correlation 0.95

Tracking Error 8.96Information Ratio 0.52

Period Investment Fund BenchmarkSince Inception Returns 22.6% 18.5%Since Inception Value 1,59,000 8,24,528 6,04,803Last 10 years 1,20,000 4,35,887 3,77,762Last 7 years 84,000 1,66,007 1,63,365Last 5 years 60,000 83,906 87,144Last 3 years 36,000 45,027 46,746Last 2 years 24,000 32,664 33,622Last 1 year 12,000 13,117 13,102

Fund BenchmarkMean 23.10 18.47Standard Deviation 28.13 30.02Beta 0.89 1.00Sharpe Ratio 0.55 0.36Sortino Ratio 0.79 0.52Treynors Index 17.27 10.82


Sundaram BNP Paribas Tax Saver

Fund Facts: An open-end ELSS scheme • Launch: November 1999 • Bloomberg: SNDTAXO IN • Regular Plan • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • Minimum Amount:Rs 500 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: Nil (lock-in period 36 months) Disclosures: Page 28 & 29

Dividend-last 3 years (For history refer page 27)Record Date % Rs. per unit Record Date NAV 23/03/07 20.0 2.00 14.483228/12/07 30.0 3.00 22.011728/03/08 15.0 1.50 14.034818/09/09 10.0 1.00 14.817329/01/10 20.0 2.00 13.661519/03/10 10.0 1.00 12.0734

Dividend is declared on the face value of Rs 10 per unit. After declaration and paymentof dividend, the ex-dividend NAV will decline to the extent of the dividend payment.


Financial ServicesEnergy - UtilitiesMedia & Entertainment

MetalsIndustrialsConsumer Goods


Cairn IndiaAdani PowerCanara Bank MphasiS BFLTata Motors (Class A)

Infosys Technologies Reliance Industries Larsen & Toubro HDFC Bank HDFC

Sector Profile (%)


Energy-Utilities12.5

IT9.9

Energy-Oil & Gas9.5

Consumer Goods5.4

Pharma5.2

Telecom5.1

Others15.5

Fixed Income4.2

Cash3.0


Portfolio Stance: The portfolio retains itsmulti-cap diversified profile with a large-captilt in line with its positioning. Allocation toequity is at about 93% and has been reducedby about two percentage points in July. Theweighted average-market cap confirms thelarge-cap orientation while the medianmarket cap indicates the addition of a dash ofmid- and small-cap stocks to the portfolio ofthe fund. Exposure to mid- and small-capstocks stay at relatively higher levels than isusual, in view of the favourable valuationdifferentials. Top sectors in terms ofallocation stay financial services, energy –utilities and IT, which collectively accountfor about 52% of the portfolio. We continueto own the energy space (utilities and oil &gas) by spreading the exposure across severalstocks.

Cairn India 5.1Bharti Airtel 5.1Adani Power 4.4T C S 4.1Axis Bank 4.0Canara Bank 3.9MphasiS BFL 3.6IndusInd Bank 3.4Tata Motors (Class A) 3.3ITC 3.2Reliance Industries 3.1ICICI Bank 3.1Ranbaxy 3.0Reliance Infrastructure 3.0R E C 2.4Kingfisher Airlines 2.3Satyam Computers 2.3Indraprastha Gas 2.3CESC 2.3Tata Global Beverages 2.2GSK Pharma 2.1Sterlite Industries 2.1IndiaInfoline 2.0YES Bank 1.8Zee Entertainment 1.6I D F C 1.6Bajaj FinServ 1.6StanChart IDR 1.5Dish TV 1.3H D F C 1.2Shriram Transport 1.1KSK Energy 1.1Gammon India 1.1State Bank of India 1.1JSW Energy 1.0Tata Power 1.0O N G C 0.9Adani Enterprises 0.8Union Bank of India 0.8N H P C 0.5Petronet LNG 0.3Bajaj Auto Finance 0.3Equity 92.8Derivatives —Fixed Income 4.2Cash / Others 3.0Number of Stocks 42


Fund Manager: Satish Ramanathan; He hasexperience of 16 years and is managing thisfund since September 2007.


Value of Rs 1000-a-month SIPPeriod Investment Fund Benchmark

Since Inception Returns 28.0% 20.5%Since Inception Value 1,28,000 6,34,417 4,10,130Last 10 years 1,20,000 5,73,260 3,12,674Last 7 years 84,000 2,05,670 1,63,385Last 5 years 60,000 92,715 87,164Last 3 years 36,000 47,086 46,766Last 2 years 24,000 32,462 33,642Last 1 year 12,000 12,921 13,121

Past performance may or may not be sustained in future. Return/investment value are as of July31, 2010 are computed using an adjusted series of NAV for dividends declared before separateDividend and Growth Options were introduced in May 2005. Returns are on a compounded annualbasis. SIP values are in rupees. Performance Analysis on annualised basis using month-end NAVssince launch. The risk free rate is 7.651% per annum based on the upper band of 10 year T-Bill yield.

Fund Size: Rs 1,450 crore NAV (Growth): Rs 43.3608 NAV (Dividend): Rs 11.6231

Turnover (%) 171


Fund: Rs 865 Benchmark: Rs 447

0

200

400

600

800

1000

1200

Nov-99 July-10

FundBenchmark

Performance Change in NAV (%) Returns (%) ExcessPositioning: Multi-Cap (Large-Cap Bias)

Period Fund Benchmark Fund Benchmark % pointsSince Inception 764.7 346.7 22.3 15.0 7.3Last 10 years 794.2 391.7 24.5 17.3 7.2Last 7 years 681.1 383.0 34.1 25.2 8.9Last 5 years 175.1 133.2 22.4 18.4 4.0Last 3 years 41.6 20.5 12.3 6.4 5.9Last 2 years 39.4 30.4 18.1 14.2 3.9Last 1 year 18.1 19.5 18.1 19.5 -1.3




Fund Benchmark Mean 24.58 18.81Standard Deviation 29.21 30.51Beta 0.91 1.00Sharpe Ratio 0.58 0.37Sortino Ratio 0.97 0.51Treynors Index 18.66 11.16


Sundaram BNP Paribas Select Focus

Fund Facts: An open-end equity scheme • Launch: July 2002 • Bloomberg: SUNSFOG IN • Plans: Regular, Institutional • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • MinimumAmount: Rs 5,000 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29


AutoMedia & EntertainmentPharma

IndustrialsEnergy - Oil & GasMetals


Tata Global BeveragesSun TVDr Reddy's LabsStanChart IDRCairn India

Reliance Industries HDFCInfosys Technologies S B II T C

Sector Profile (%)


Auto14.1

IT10.0Consumer Goods

9.3

Real Estate8.7

Energy-Oil & Gas7.3

Metals5.5

Others16.8

Cash5.1


Portfolio Stance: Sundaram BNP ParibasSelect Focus has completed eight years as adedicated large-cap fund sporting anacclaimed track record and having outpacedbenchmark comfortably since launch. Thelarge-cap tilt has been an integral featuresince launch in July 2002, providing comfortof style integrity to investors. The styleintegrity and track record makes the fund anappropriate vehicle for defined assetallocation decision by investors. The fundhas delivered excess returns that more thanadequately compensates for the higher risksinherent in the style. This concentrated large-cap strategy has maintained equity exposureat about 95%, a marginal decrease ascompared to end June-status. The top threesector exposures by allocation – financialservices, auto and IT - account for about 47%of the assets.

ICICI Bank 6.8

Infosys 5.2

Bharti Airtel 4.8

T C S 4.8

Larsen & Toubro 4.3

Axis Bank 4.0

Cairn India 3.9

ITC 3.7

Tata Global Beverages 3.6

Sterlite Industries 3.5

Sun TV 3.4

Reliance Industries 3.4

Mahindra & Mahindra 3.3

Dr Reddy's Labs 3.1

State Bank of India 3.1

StanChart IDR 3.0

Lanco Infratech 3.0

Tata Motors (Class A) 3.0

Bajaj Auto 3.0

H D F C 2.4

Ashok Leyland 2.2

Unitech 2.2

Tata Steel 2.0

TVS Motors 2.0

DLF 1.9

Titan Industries 1.9

H D F C (Warrants) 1.7

Sobha Developers 1.6

Bajaj FinServ 1.5

Grasim 1.2

Tata Motors 0.8

Bank of India 0.8

Equity 94.9

Derivatives —

Fixed Income —

Cash / Others 5.1

Number of Stocks 32Weighted Average Market Cap: Rs 73,757 croreMedian Market Cap: Rs 46,738 crore

Fund Manager: Srividhya Rajesh; She hasexperience of 14 years and is managing thisfund since its launch in July 2002.

Benchmark S&P CNX Nifty Index


Since Inception Returns 25.8% 20.3%Since Inception Value 96,000 2,77,652 2,21,769Last 7 years 84,000 1,80,903 1,58,338Last 5 years 60,000 87,899 84,388Last 3 years 36,000 44,121 44,779Last 2 years 24,000 31,242 31,849Last 1 year 12,000 12,926 12,915



Turnover (%) 257


Fund: Rs 872 Benchmark: Rs 559 S&P CNX 500: Rs 633

0

200

400

600

800

1000

1200

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FundBenchmarkS&P CNX 500


Positioning: Concentrated Large-Cap Fund

Period Fund Benchmark Fund Benchmark % pointsSince Inception 772.2 458.7 31.1 24.0 7.1Last 7 years 521.3 352.6 29.8 24.1 5.7Last 5 years 174.8 132.1 22.4 18.3 4.1Last 3 years 27.4 18.5 8.4 5.8 2.6Last 2 years 20.7 23.9 9.9 11.3 -1.4Last 1 year 17.1 15.8 17.1 15.8 1.3

Past performance may or may not be sustained in future. Returns/investment valueare as of July 31, 2010. Returns are on a compounded annual basis and computed usingNAV of Growth Option. SIP values are in rupees. Performance Analysis on annualisedbasis using month-end NAVs since launch. The risk free rate is 7.651% per annumbased on the upper band of 10 year T-Bill yield.






Sundaram BNP Paribas Select Mid Cap

Dividend-last 3 years (For history refer page 27)Record Date % Rs. per unit Record Date NAV 09/02/07 25.0 2.50 18.782124/04/09 10.0 1.00 11.529104/09/09 10.0 1.00 17.766620/11/09 15.0 1.50 18.795705/02/10 15.0 1.50 17.4552


Fund Facts: An open-end equity scheme • Launch: July 2002 • Bloomberg: SUNSMIG IN • Plans: Regular, Institutional • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • MinimumAmount: Rs 5,000 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29


Fertilisers & ChemicalsPharmaEnergy - Utilities

Consumer GoodsReal EstateIndustrials


IPCA LabsLIC HousingIndraprastha GasMphasiS BFLCoromandel Fertilizers

Jain Irrigation SystemsTitan IndustriesTata ChemicalsFederal BankIndiabulls Real Estate

Sector Profile (%)


ConsumerGoods13.1

Fertilisers & Chemicals

12.3

Pharma7.1

Auto Ancillaries5.9

IT4.9

Industrial Manufacturing

4.5

Others21.9

Fixed Income1.7

Cash1.1


Portfolio Stance: Sundaram BNP Paribas SelectMid Cap has completed eight years as a dedicated

mid-cap fund sporting an acclaimed track record

and outpacing the benchmark comfortably since

launch in July 2002. The weighted-average

market cap and median market cap, as always,

well below – o complete on an average lower by

60%-70% since launch as compared to the

permitted threshold - indicating the genuine and

complete mid-cap orientation of the fund. This

style integrity, which has been maintained since

launch in 2002, and the track record places the

fund as an appropriate vehicle for defined asset

allocation decision by investors. The fund has

largely maintained equity allocation levels at

about 97%. Top sectors by allocation are financial

services, consumer goods and fertilizers &

chemicals, which account for about 53%.of

assets.

LIC Housing 5.1IPCA Labs 4.2Indraprastha Gas 4.0Coromandel Fertilizers 3.7M & M Financial 3.5MphasiS BFL 3.3Trent 3.2IndusInd Bank 3.2United Phosphorus 3.0Aurobindo Pharma 2.9Canara Bank 2.9Tata Global Beverages 2.8Bank of India 2.7United Spirits 2.6SRF 2.5R E C 2.5FAG Bearings 2.4Gujarat Alkalies 2.4Bosch Limited 2.2Spicejet 2.1Dish TV 2.1Siemens India 1.9Videocon Industries 1.9Maharasthra Seamless 1.9Bajaj FinServ 1.8Madhucon Projects 1.8Escorts 1.7Satyam Computers 1.5Sterlite Optical 1.5Indian Hotels 1.5Monnet Ispat 1.4Simplex Infrastructure 1.3I D F C 1.1ING Vysya Bank 1.1Shriram Transport 1.1YES Bank 1.0Indian Bank 1.0Exide 1.0Max India 1.0Petronet LNG 0.9Trent-Cul. Pref. Shares 0.9Kirloskar Electric 0.8E.I.D Parry 0.8Alok Industries 0.8Himadri Chemicals 0.7Idea Cellular 0.6Lanco Infratech 0.6Gammon India 0.6IVRCL Infra 0.5Central Bank of India 0.5Gateway Distriparks 0.4Rico Auto 0.3Equity 97.2Derivatives —Fixed Income 1.7Cash / Others 1.1Number of Stocks 52Weighted Average Market Cap: Rs 8,143 crore

Median Market Cap: Rs 5,477 crore


Benchmark BSE Mid-Cap Index


Since Inception Returns 35.3% 23.7%Since Inception Value 96,000 4,11,298 2,55,137Last 7 years 84,000 2,43,489 1,65,287Last 5 years 60,000 1,04,996 85,987Last 3 years 36,000 55,476 50,027Last 2 years 24,000 39,433 37,595Last 1 year 12,000 13,954 13,757


Turnover (%) 105


Fund: Rs 1,475 Benchmark: Rs 765 S&P CNX 500: Rs 633

0200400600800

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Jul-02 Jul-10


Positioning: Pure Mid-Cap Fund






Performance Change in NAV (%) Returns (%) ExcessPeriod Fund Benchmark Fund Benchmark % points

Since Inception 1375.1 664.8 39.9 28.9 11.0Last 7 years 954.5 439.9 40.0 27.2 12.8Last 5 years 220.4 101.3 26.2 15.0 11.2Last 3 years 44.4 10.3 13.0 3.3 9.7Last 2 years 61.4 33.1 27.0 15.4 11.7Last 1 year 39.3 33.0 39.3 33.0 6.3


Sundaram BNP Paribas India Leadership Fund


ServicesAutoMedia & Entertainment

ITFinancial ServicesEnergy - Oil & Gas


Bank of IndiaJet AirwaysZee EntertainmentIndian HotelsLIC Housing

Reliance Industries H D F C BankInfosys Technologies O N G CH D F C

Sector Profile (%)


Auto9.3

IT9.1

Energy-Oil & Gas7.6Services

7.6


6.7

Metals6.4

Others30.4

Cash5.2


Portfolio Stance: The portfolio focuses oncorporate names that represent leadershipacross sectors of the economy; we also seekout emerging leaders to enhance long-termperformance. The portfolio maintains anequity exposure of a tad less than 95%, adecrease of two percentage points ascompared to the end-June status. Theportfolio continues to maintain more deviantsector bets as compared to the benchmark,S&P CNX Nifty even in index- heavy-weights such as energy/utilities, energy/oil &gas and financial services as well as in IT,metals and engineering. Top sectorexposures by allocation are financialservices, auto and IT, which account forabout 35% of the portfolio. Services is themost active positive exposure relative to thebenchmark at end June and financialservices, the most negative relative to thebenchmark.

T C S 5.1

ICICI Bank 5.0

Bharti Airtel 4.7

Infosys 4.0

Bank of India 3.7

Axis Bank 3.6

Mahindra & Mahindra 3.6

Tata Motors 3.3

Jet Airways 3.3

Larsen & Toubro 3.2

Zee Entertainment 3.1

Cairn India 3.0

O N G C 3.0

Indian Hotels 3.0

LIC Housing 2.7

Dr Reddy's Labs 2.7

HDFC Bank 2.6

United Spirits 2.5

Bajaj Auto 2.4

Dish TV 2.4

Sterlite Industries 2.3

JSW Energy 2.3

Jindal Steel 2.2

United Phosphorus 2.2

IVRCL Infra 2.0

Reliance Infrastructure 2.0

Unitech 2.0

Nestle India 1.9

Sesa Goa 1.8

Petronet LNG 1.6

Jaiprakash Associates 1.6

Tata Power 1.6

B H E L 1.5

ITC 1.4

G E Shipping 1.3

Equity 94.8

Derivatives —

Fixed Income —

Cash / Others 5.2


Fund Manager: J Venkatesan; He hasexperience of 19 years and is managing thisfund since January 2008

Benchmark S&P CNX Nifty Index


Since Inception Returns 18.2% 16.3%Since Inception Value 72,000 1,24,669 1,17,803Last 5 years 60,000 86,097 84,388Last 3 years 36,000 46,495 44,779Last 2 years 24,000 33,466 31,849Last 1 year 12,000 13,413 12,915



Turnover (%) 146



0

100

200

300

400

500

600

Jul-04 Jul-10



Fund Facts: An open-end equity scheme • Launch: July 2004 • Bloomberg: SUNLEAG IN • Plans: Regular, Institutional • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • MinimumAmount: Rs 5,000 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29

Positioning: Diversified Multi-Cap Fund

Period Fund Benchmark Fund Benchmark % pointsSince Inception 305.1 249.1 25.9 22.8 3.0Last 5 years 148.7 132.1 20.0 18.3 1.6Last 3 years 24.4 18.5 7.5 5.8 1.7Last 2 years 25.3 23.9 11.9 11.3 0.6Last 1 year 22.7 15.8 22.7 15.8 6.9







Sundaram BNP Paribas S.M.I.L.E Fund

Dividend-last 3 years (For history refer page 27)Record Date % Rs. per unit Record Date NAV 23/02/07 20.0 2.00 15.504607/12/07 60.0 6.00 23.865531/07/09 20.0 2.00 14.071326/03/10 30.0 3.00 14.9741Dividend is declared on the face value of Rs 10 per unit. After declaration and paymentof dividend, the ex-dividend NAV will decline to the extent of the dividend payment.

Fund Facts: An open-end equity scheme • Launch: February 2005 • Bloomberg: SMILEG IN • Plans: Regular, Institutional • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • MinimumAmount: Rs 5,000 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29


AutoEnergy - Oil & GasMetals

Consumer GoodsFinancial ServicesCement


TVS MotorsCairn IndiaAshok LeylandPolaris SoftwareKotak Mahindra Bank

Crompton GreavesShriram TransportZee EntertainmentH P C LExide Industries

Sector Profile (%)


Auto12.8


11.5Pharma

10.7Consumer Goods

8.8

Metals6.6

Real Estate5.4

Others26.6

Cash2.1


Portfolio Stance: Sundaram BNP Paribas

S.M.I.L.E Fund now sports a five-year track

record with acclaim from independent third-

party outfits. The fund has an equity

exposure of about 98%, an increase of four

percentage points in July. In line with its

positioning, the fund maintains its tilt

towards mid- and small-cap stocks; it has the

cushion of an up-to-35 per cent allocation to

the large-cap space, but the exposure to this

part of the cap curve is substantially below

the permitted limit. This coupled with the

median market cap indicates mid- and small-

cap orientation of the portfolio. Top sectors

by allocation now are financial services, auto

and engineering; they account for about 40

per cent of the assets.

TVS Motors 6.5Ashok Leyland 4.8Cairn India 3.5Polaris Software 3.4LIC Housing 3.1Kotak Mahindra Bank 3.0O B C 2.5Ranbaxy 2.4Lupin 2.4Lanco Infratech 2.4Hindustan Dorr 2.3Asian Paints 2.1Bharti Airtel 2.1Unitech 2.0IVRCL Infra 2.0Deccan Chronicle 1.9Union Bank of India 1.9Elgi Equipment 1.8United Spirits 1.8Sterlite Industries 1.7GVK Power 1.7Apar Industries 1.6Kalpataru Power 1.5Kingfisher Airlines 1.5Mahindra & Mahindra 1.5G E Shipping 1.5Karur Vysya Bank 1.5Maharasthra Seamless 1.5Orchid Chemicals 1.5Divis Labs 1.4Bajaj FinServ 1.4Welspun Gujarat 1.3Hindustan Sanitaryware 1.3Indian Bank 1.2Kirloskar Pneumatic 1.2Petronet LNG 1.2Adhunik Metaliks 1.1Shasun Chemicals 1.1McNally Bharat 1.1TajGVK Hotels 1.1V Guard Indsutries 1.1Pantaloon Retail 1.0Easun Reyrolle 1.0Jindal Steel 1.0Torrent Pharma 1.0Canara Bank 1.0Cipla 0.9Automotive Axles 0.9Arvind Mills 0.9SKF Bearings 0.9KSK Energy 0.9Sundaram Fasteners 0.9P R I C O L 0.8United Phosphorus 0.8Havell's India 0.8Dish TV 0.8Nitin Fire 0.6Vascon Engineers 0.6Gammon India 0.5Lancor Holdings 0.4Federal-Mogul Goetze 0.2Equity 97.9Derivatives —Fixed Income —Cash / Others 2.1Number of Stocks 61Weighted Average Market Cap: Rs 13,756 crore


Fund Manager: S Krishnakumar; He hasexperience of 13 years and is managing thisSmall & Medium Indian Leading Equities(S.M.I.L.E) Fund since December 2006.

Benchmark CNX Mid-Cap Index


Since Inception Returns 23.4% 20.5%Since Inception Value 65,000 1,22,043 1,13,061Last 5 years 60,000 1,05,948 99,022Last 3 years 36,000 55,246 53,738Last 2 years 24,000 38,771 38,806Last 1 year 12,000 13,650 14,188


Turnover (%) 193



050

100150200250300350400

Feb-05 Jul-10



Positioning: Multi-Cap (Mid/Small-Cap Bias)

Period Fund Benchmark Fund Benchmark % pointsSince Inception 240.0 182.5 25.1 21.0 4.2Last 5 years 178.4 146.9 22.7 19.8 2.9Last 3 years 62.1 36.2 17.4 10.8 6.6Last 2 years 60.0 52.0 26.5 23.3 3.2Last 1 year 36.4 41.4 36.4 41.4 -5.0







Sundaram BNP Paribas Equity Multiplier

Fund Facts: An open-end equity scheme • Launch: February 2007 • Bloomberg: SNDEMUG IN • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • Minimum Amount: Rs 5,000 •SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29


Energy - UtilitiesITEnergy - Oil & Gas

Consumer GoodsIndustrialsAuto Ancillaries


Adani PowerIndraprastha GasPolaris SoftwareReligare Enterprises3-I Infotech Ltd

Asian PaintsCrompton GreavesLupinShriram TransportZee Entertainment

Sector Profile (%)



Pharma18.0

IT12.9

EnergyOil & Gas

7.4

Consumer Goods6.6

Media & Entertainment

4.2

Others6.3

Fixed Income1.3 Cash

2.2


Portfolio Stance: The portfolio of this go-anywhere fund continues to be spread moreacross the cap-curve with enhanced exposureto the mid- and small-cap space. This is onaccount of the valuation differentials, whichhave, however, narrowed over the pastmonth. The overall stance is, however, moredefensive as has been the case in recentmonths. The fund has a close-to-fullyinvested status with an equity allocation ofabout 98%. Top sectors by allocation arefinancial services, energy-utilities andpharma, which collectively account for about60% of the portfolio; allocation to the topthree sectors has been enhanced in June. Thesector exposure of about 26% in energy (oil& gas and utilities) stays spread acrossseveral stocks, which has been the approachto this space for almost a year now.

Adani Power 6.8

Indraprastha Gas 6.6

Polaris Software 5.9

Religare Enterprises 5.3

CESC 4.9

3-I Infotech Ltd 4.4

Development Credit 4.3

Dish TV 4.2

Torrent Pharma 4.0

Cairn India 3.9

Cadila Healthcare 3.8

Tata Global Beverages 3.7

Petronet LNG 3.5

Biocon 3.5

Tata Motors (Class A) 3.5

GSK Pharma 3.4

IndusInd Bank 3.2

Glenmark Pharma 3.2

IndiaInfoline 3.1

Havell's India 2.9

Gammon India 2.8

Satyam Computers 2.5

Bajaj FinServ 2.4

I D F C 1.9

StanChart IDR 1.5

Allahabad Bank 1.1

Equity 96.5

Derivatives —

Fixed Income 1.3

Cash / Others 2.2



Benchmark CNX Mid-Cap Index

Dividend-last 3 years (For history refer page 27)Record Date % Rs. per unit Record Date NAV

20/12/07 30.0 3.00 16.4246



Turnover (%) 151


Fund: Rs 138 Benchmark: Rs 167 S&P CNX 500: Rs139

0

50

100

150

200

250

Feb-07 Jul-10


Positioning: Diversified Equity Fund



Alpha -4.54Correlation 0.92

Tracking Error 15.39Information Ratio -0.43

Fund BenchmarkMean 16.28 22.88Standard Deviation 37.42 39.95Beta 0.86 1.00Sharpe Ratio 0.23 0.38Sortino Ratio 0.35 0.53Treynors Index 9.98 15.23


Since Inception 38.4 66.5 10.0 16.1 -6.1Last 3 years 21.7 36.2 6.7 10.8 -4.1Last 2 years 30.7 52.0 14.3 23.3 -9.0Last 1 year 19.5 41.4 19.5 41.4 -22.0


Sundaram BNP Paribas Select Small Cap

Fund Facts: An closed-end equity scheme • Launch: February 2007 • Bloomberg: SNDSMAG IN • Options: Growth, Dividend Pay Out • Exit Load: 1% (March 2010-Feb 2011) & 0.5% (March 2011-Feb 2012).Unamortised initial issue expenses will also be deducted. Disclosures: Page 28 & 29


Auto AncillariesAutoServices

TextilesITConsumer Goods


TVS MotorsWabco TVSRallis IndiaMagma FincorpAmara Raja

SpiceJetCity Union BankJMD TelefilmsDhanalakshmi BankAlok Industries

Sector Profile (%)

Auto Ancillaries17.6


15.8

Fertilisers& Chemicals

8.3Auto7.8Services

7.3

FinancialServices

7.3

Pharma5.8

Others24.4

Fixed Income3.4

Cash2.3


Portfolio Stance: The portfolio stays at thelower end of the band of about 40-50stocks with enhanced allocation tohigher conviction ideas. The top 10stocks account for 45% of the portfolio.The allocation to equity is about 94%, anincrease of about two percentage pointsas compared to last month. Top sectorsin terms of allocation are autocomponents, engineering and fertilizers& chemicals accounting for about 42%of the portfolio. The weighted-averagemarket cap and median market cap aresignificantly lower as compared to thepermitted threshold of the 100th stock,indicating the true small-cap orientationof the portfolio; this style integrity hasbeen maintained since launch.

TVS Motors 7.8Wabco TVS 7.0Rallis India 4.9Amara Raja 4.3Magma Fincorp 4.2Ess Dee Aluminium 3.5Nav Bharat Ventures 3.5Elgi Equipment 3.5Sundaram Clayton 3.2Polaris Software 3.2

Sun Advanced Research 3.0J Kumar Infra 2.8Havell's India 2.6Praj Industries 2.4Bata India 2.4ING Vysya Bank 2.3Vascon Engineers 2.3Time Technoplast 2.3Hindustan Dorr 2.2Ceat 2.0

Orchid Chemicals 2.0Apar Industries 2.0Cox & Kings 2.0Kingfisher Airlines 1.9Suprajit Engineering 1.8J K Cements 1.4PSL Holdings 1.3Lancor Holdings 1.3Texmaco 1.3Technofab Engineering 1.3

Grindwell Norton 1.3Nagarjuna Fertilisers 1.2Karuturi Networks 1.1Rico Auto 1.1Electrosteel Castings 0.9Shilpa Medicare 0.8Puravankara Projects 0.8Easun Reyrolle 0.5Aurionpro Solutions 0.5Emkay Global 0.4

Gruh Finance 0.4Gujarat NRE-Class B 0.0

Equity 94.4Derivatives —Fixed Income 3.4Cash / Others 2.3



Benchmark BSE Small-Cap Index


Turnover (%) 65


Fund: Rs 136 Benchmark: Rs 130 S&P CNX 500: Rs135

0

50

100

150

200

250

Feb-07 Jul-10



Positioning: Pure Small-Cap

Period Fund Benchmark Fund Benchmark % pointsSince Inception 35.8 30.3 9.3 8.0 1.3Last 3 years 25.5 15.8 7.9 5.0 2.8Last 2 years 57.8 35.2 25.6 16.3 9.3Last 1 year 51.2 50.6 51.2 50.6 0.6



Alpha -0.35Correlation 0.98

Tracking Error 12.68Information Ratio -0.21


Performance Snapshot

9.0

8.0

9.3

S&P CNX 500

Benchmark

Fund

Returns in percentage since launch


Monsanto Co. is an overseas investment

Sundaram BNP Paribas Select Thematic FundsRural India Fund

Sector Profile (%)

Consumer Goods24.0


19.4


Auto12.9


4.7

Pharma4.6


3.9

Others10.7

Cash2.4

Portfolio Profile (%)

Thematic97.0

Non - Thematic0.6

Cash2.4


Alpha 1.12 Correlation 0.95

Past performance may or may not be sustained in future. Returns/investment valueare as of July 31, 2010. Returns are on a compounded annual basis and computed usingNAV of Growth Option. SIP values are in rupees. Performance Analysis on annualisedbasis using month-end NAVs since launch. The risk free rate is 7.651% per annumbased on the upper band of 10 year T-Bill yield.Turnover (%) 69

Fund Facts: An open-end equity scheme • Launch: May 2006 • Bloomberg: SNDRUIG IN • Plans: Regular, Institutional • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • MinimumAmount: Rs 5,000 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29

Fund S&P CNX 500 Mean 15.38 14.81Standard Deviation 34.46 35.30Beta 0.92 1.00Sharpe Ratio 0.22 0.20Sortino Ratio 0.30 0.27Treynors Index 8.37 7.15


Since Inception Returns 12.6 14.7Since Inception Value 50,000 65,006 67,761Last 3 years 36,000 46,108 46,967Last 2 years 24,000 34,038 34,000Last 1 year 12,000 13,678 13,178

NAV (Growth): Rs 14.8286 NAV (Dividend): Rs 13.5049



0

50

100

150

200

250

May-06 Jul-10

Fund

BenchmarkS&P CNX 500


Portfolio Stance: The fund maintains thenow-consolidated portfolio of about 35-40stocks. The top ten exposures now accountfor about 45% of the assets. The portfoliomaintains a close-to-fully invested statuswith equity exposure at about 98% of theassets. The portfolio now has an almost-complete tilt to stocks of companies gearedto rural spending and hence the performancewill not track the benchmark designated forregulation purposes. The portfolio is gearedto the rural prosperity theme. There are nomajor changes in the preferred sectors excepta reduction in allocation to engineering andincrease in auto. Consumer goods, fertilisers& chemicals, financial services (mostly PSUbanks) and auto account for about 75% of theportfolio. The portfolio stays spread acrossthe cap curve, as has generally been the case.

Jain Irrigation 7.4Mahindra & Mahindra 6.3Punjab National Bank 5.3Coromandel Fertilizers 4.1United Phosphorus 4.0Bharti Airtel 3.7R E C 3.6G S F C 3.6M & M Financial 3.4Tata Motors 3.4

SKS Micro Finance 3.3Tata Global Beverages 3.2Bajaj Auto 3.2Lupin 3.0Dish TV 2.8Karuturi Networks 2.8Escorts 2.7Tata Chemicals 2.7Nestle India 2.4Asian Paints 2.1

IVRCL Infra 2.0Nagarjuna Fertilisers 1.9Bank of India 1.8ITC 1.8Dr Reddy's Labs 1.6Patel Engineering 1.5United Spirits 1.4Zuari Industries 1.3Bajaj Electricals 1.3McLeod Russel 1.2

Dabur India 1.2Heritage Foods 1.1Chambal Fertilisers 1.1Zee Entertainment 1.0Kalpataru Power 1.0K S Oils 0.9Praj Industries 0.9Advanta 0.7HCL Infosystems 0.6KEC International 0.0

Equity 97.6Derivatives —Fixed Income —Cash / Others 2.4


Fund Manager: J Venkatesan; He hasexperience of 19 years and is managing thisfund since its launch in May 2006.


Fund Size: Rs 251 crorePositioning: Rural Prosperity

Performance Change in NAV (%) Returns (%)Period Fund Benchmark CNX 500 Fund Benchmark CNX 500

Since Inception 48.3 46.2 42.9 9.8 9.4 8.8Last 3 years 15.2 18.8 18.3 4.8 5.9 5.7Last 2 years 19.0 30.4 29.5 9.1 14.2 13.8Last 1 year 30.2 21.3 18.9 30.2 21.3 18.9


Sundaram BNP Paribas Select Thematic FundsCAPEX Opportunities-Growth • CAPEX Opportunities-Dividend

PortfolioSecurity G D

Fund Size (G): Rs 538 croreFund Size (D): Rs 497 crore

Turnover (%) 109 121

Fund Facts: An open-end equity scheme • Launch: September 2005 • Bloomberg: SUNCAPG IN SUNCAPD IN • Plans: Regular, Institutional • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment• Minimum Amount: Rs 5,000 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29

Dividend-last 3 years (For history refer page 27)Record Date % Rs. per unit Record Date NAV 19/10/07 40.0 4.00 23.427119/06/09 20.0 2.00 14.889925/09/09 10.0 1.00 15.133405/03/10 25.0 2.50 15.4664Dividend is declared on the face value of Rs 10 per unit. After declaration and paymentof dividend, the ex-dividend NAV will decline to the extent of the dividend payment.

Sector Profile and Portfolio Profile are based on Growth Option of the scheme.

Sector Profile (%)


56.8

Energy-Utilities8.4

Construction7.6

Services6.8


Consumer Goods3.3

Pharma2.4

Others7.8

Cash2.4


0

10

20

30

40

50

60

70

80

90

100

Oct-05 Jul-10

Portfolio Stance: The fund maintains anallocation to equity at about 97% of theassets, almost the same level as of end June.The fund’s mandate is to focus onbeneficiaries of infrastructure/capex spendstory in India under normal circumstances.The fund maintains its exposure toengineering and construction is north of65%. The fund has used the enabler ofinvesting outside the theme up to 30% onlyto a modest extent since its launch as is clearfrom the graphic on the right panel. At theend of last month, the exposure was less than10%, which is in close to the long-term trendin the fund. The portfolio has had a mid- andsmall-cap tilt, as valuation differentials stayattractive despite having narrow recently andgiven the nature of the universe of stockstracking the theme


Fund Manager: Srividhya Rajesh; She hasexperience of 14 years and is managing thisfund since its launch in September 2005.

Benchmark BSE Capital Goods Index

Positioning: Capex/Infrastructure






Since Inception Returns 17.0% 17.5%Since Inception Value 58,000 87,364 88,323Last 3 years 36,000 47,774 46,327Last 2 years 24,000 35,131 34,360Last 1 year 12,000 13,164 12,945




050

100150200250300350400450

Sep-05 Jul-10


Performance Change in NAV (%) Returns (%)Period Fund Benchmark CNX 500 Fund Benchmark CNX 500

Since Inception 155.7 195.9 96.1 21.4 25.1 14.9Last 3 years 18.6 9.5 18.3 5.8 3.1 5.7Last 2 years 34.3 24.9 29.5 15.9 11.8 13.8Last 1 year 24.4 15.8 18.9 24.4 15.8 18.9

� Cash & Cash Equivalents � Infrastructure Spenders� Non Thematic � Capex Providers

Larsen & Toubro 8.1 8.0B H E L 4.7 4.8Siemens India 3.6 3.5Crompton Greaves 3.4 3.5Hindustan Dorr 3.3 3.4McNally Bharat 2.8 2.8Areva T & D 2.7 2.6Indraprastha Gas 2.6 2.5Alstom Power 2.6 2.6Bharat Electronics 2.4 2.3Aegis Logistics 2.3 2.2I D F C 2.3 2.3TRF 2.3 2.2Lanco Infratech 2.2 2.1Nitin Fire 2.2 2.3J Kumar Infra 2.1 2.1Spicejet 2.0 1.7Honeywell 2.0 2.2Ahluwalia Contract 1.7 1.9KEC International 1.7 2.0Patel Engineering 1.7 1.7Gammon India 1.7 1.7Sadbhav 1.6 1.7Texmaco 1.6 1.4A C E 1.6 1.6H C C 1.6 1.6Torrent Pharma 1.6 1.5GVK Power 1.6 1.6Elecon Engineering 1.6 1.6Welspun Gujarat 1.5 1.5Thermax 1.5 1.6Power Trading 1.5 1.4BGR Energy 1.4 1.4Gujarat Petronet 1.4 1.3KSK Energy 1.4 1.4Kalpataru Power 1.4 1.4Cummins India 1.3 1.3G E Shipping 1.3 1.3AIA Engineering 1.2 0.9Atlas Copco 1.2 1.2Adani Enterprises 1.2 1.2Dish TV 1.1 0.8R E C 1.0 1.0YES Bank 0.9 0.9Reliance Infrastructure 0.9 0.9Triveni Engineering 0.8 0.4Lupin 0.8 0.8Bajaj Electricals 0.6 0.8Lloyd Electric 0.6 0.6Voltas 0.5 0.5Aban Loyd Chiles 0.5 0.5Jaiprakash Associates 0.5 0.5IVRCL Infra 0.5 0.4Adhunik Metaliks 0.4 0.5K Bros Investment 0.4 0.4Shree Cements 0.1 0.1Sadbhav Rights 0.1 0.1Equity 97.6 96.1Derivatives — —Fixed Income — —Cash / Others 2.4 3.9Number of Stocks 57 57


Sundaram BNP Paribas Select Thematic FundsEnergy Opportunities

Fund Facts: A closed-end equity scheme • Launch: January 2008 • Bloomberg: SNDENGG IN • Options: Growth, Dividend Pay Out • Exit Load: Nil • Redemption Price: NAV less unamortized initial issue expensesDisclosures: Page 28 & 29

Sector Profile (%)

Energy-Oil & Gas27.5


Metals13.8


12.9


Services3.3

Real Estate3.0

Others6.0 Cash

3.6

Fixed Income0.3


0102030405060708090

100

Jan-08 Jul-10


Alpha -0.50 Correlation 0.97Past performance may or may not be sustained in future. Returns/investment valueare as of July 31, 2010. Returns are on a compounded annual basis and computed usingNAV of Growth Option. SIP values are in rupees. Performance Analysis on annualisedbasis using month-end NAVs since launch. The risk free rate is 7.651% per annumbased on the upper band of 10 year T-Bill yield.Turnover (%) 67

Fund S&P CNX 500 Mean 0.49 0.65Standard Deviation 39.44 39.98Beta 0.95 1.00Sharpe Ratio -0.18 -0.17Sortino Ratio -0.31 -0.26Treynors Index -7.52 -7.00




2030405060708090

100110120

Jan-08 Jul-10



Portfolio Stance: The fund continues hasreduced equity allocation by about twopercentage points to 96% plus a few basispoints. The portfolio is geared to play theemerging energy-landscape theme in Indiathat is likely to be a drawn out process. Theportfolio is spread across the large-cap andmid- and small-cap spaces now. The fundcontinues to maintain a higher allocation inmid-cap stocks as valuation differentials stayin favour; the allocation has stays close toabout 50%. The portfolio is aligned to ourthought process on the emerging energy-linked landscape. We remain positive onlong-term prospects of the theme in Indiawith improving clarity on account of agradual removal of legal hurdles that hadblocked pricing progress. Policy initiativeson the gas pricing front have also beenencouraging over the past two months andindustry environment appears to gettinggreater clarity.

Cairn India 8.4O N G C 6.0Reliance Industries 4.9Maharasthra Seamless 4.6G A I L 3.7Adani Power 3.2Gujarat Petronet 3.2Lanco Infratech 3.0Indraprastha Gas 3.0Indian Oil Corporation 2.9Petronet LNG 2.9Siemens India 2.7Adani Enterprises 2.6GVK Power 2.6Jindal Steel 2.4Welspun Gujarat 2.3Reliance Infrastructure 2.3Tata Power 2.2G M D C 2.2B E M L 2.2Videocon Industries 2.0CESC 2.0Gujarat Gas 1.9Larsen & Toubro 1.7B P C L 1.4Jaiprakash Hydro-Power1.4TRF 1.4Ashok Leyland 1.2Sterlite Industries 1.2I D F C 1.1PSL Holdings 1.1JSW Energy 1.1ICICI Bank 1.1B H E L 1.1R E C 1.0Patel Engineering 1.0KSK Energy 1.0Jyoti Structures 1.0Oil India 0.9G S F C 0.9Cummins India 0.7Bank of India 0.6Seamec 0.6Gammon India 0.5Power Trading 0.3Bharti Airtel 0.3Power Finance Corp 0.2Equity 96.1Derivatives —Fixed Income 0.3Cash / Others 3.6Number of Stocks 47Weighted Average Market Cap: Rs 56,502 crore


Fund Manager: S Krishnakumar; He hasexperience of 13 years and is managing thisfund since its launch in January 2008.

Benchmark BSE Oil & Gas Index

Fund Size: Rs 1,661 crorePositioning: EnergyPerformance Change in NAV (%) Returns (%)

Period Fund Benchmark CNX 500 Fund Benchmark CNX 500Since Inception -16.0 -23.5 -16.9 -6.5 -9.8 -6.9Last 2 years 15.8 4.5 29.5 7.6 2.2 13.8Last 1 year 11.9 7.2 18.9 11.9 7.2 18.9

� Cash � Thematic � Non Thematic


-6.9

-9.8

-6.5

S&P CNX 500

Fund

Benchmark



Sundaram BNP Paribas Select Thematic FundsFinancial Services Opportunities

Allocation: Banks & Financial Services

0.010.020.030.040.050.060.070.080.090.0

100.0

Jul-08 Jul-10

Allocation: Public Sector & Private Sector

0.010.020.030.040.050.060.070.080.090.0

100.0

Jul-08 Jul-10

Thematic allocation: 96.3%

Non-thematic allocation: —

Cash/Others: 3.7%

Fund Facts: An open-end equity scheme • Launch: June 2008 • Bloomberg: SNDFSRG IN • Plans: Regular, Institutional • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • MinimumAmount: Rs 5,000 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29




Turnover (%) 120



Since Inception Returns 52.3% 49.8%Since Inception Value 25,000 40,609 39,793Last 2 years 24,000 38,741 37,646Last 1 year 12,000 14,531 13,919




406080

100120140160180200

Jun-08 Jul-10



Portfolio Stance: The fund is invested to theextent of 96.3% in equity, an increase ofabout a percentage point in equity levels inJuly. The emphasis stays on the banking andfinancial services spaces with anincreasingly pronounced bias towards theformer – the distribution is at 80:20 now. Theallocation now also has an increasinglydistinct preference for the PSU bankingspace, which has an 18 percentage pointpreference as compared to the private sectorbanking space. The portfolio is completelywithin the theme. A cautious approachduring the turbulence of 2008, completeparticipation in the rally since March 2009and adequate profit booking during the rallyhas enabled the fund outpace the broadmarket by a comfortable margin sincelaunch.

ICICI Bank 8.8


Punjab National Bank 7.9

Axis Bank 5.6

O B C 4.8

Bank of Baroda 4.8

Union Bank of India 4.6

LIC Housing 4.3

Bank of India 4.2

HDFC Bank 4.1

Canara Bank 3.5

R E C 3.3

IndusInd Bank 3.2

Corporation Bank 2.8

UCO Bank 2.7

M & M Financial 2.2

YES Bank 2.2

H D F C (Warrants) 2.0

Allahabad Bank 1.9

ING Vysya Bank 1.7

Central Bank of India 1.6

Kotak Mahindra Bank 1.5

Dena Bank 1.4

SKS Micro Finance 1.4

StanChart IDR 1.4

IDBI Bank 1.2

Shriram Transport 1.1

Magma Fincorp 1.1

Religare Enterprises 1.0

I D F C 0.9

Bajaj FinServ 0.6

Equity 96.3

Derivatives 0.0

Fixed Income 1.5

Cash / Others 2.2


Fund Manager: J Venkatesan; He hasexperience of 19 years and is managing thisfund since its launch in June 2008.

Benchmark CNX Banks Index

Fund Size: Rs 205 crorePositioning: Financial ServicesPerformance Change in NAV (%) Returns (%)

Period Fund Benchmark CNX 500 Fund Benchmark CNX 500Since Inception 88.0 74.8 25.3 34.3 29.8 11.1Last 2 years 86.4 77.3 29.5 36.5 33.2 13.8Last 1 year 38.8 34.7 18.9 38.8 34.7 18.9

� Cash � Public Sector � Private Sector

� Cash � Banks � Financial Services



Sundaram BNP Paribas Select Thematic FundsEntertainment Opportunities

Fund Facts: An open-end equity scheme • Launch: June 2008 • Bloomberg: SNDEORG IN • Plans: Regular, Institutional • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • MinimumAmount: Rs 5,000 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29

Sector Profile (%)


62.2

Services15.1

Consumer Goods7.8

Pharma0.5

Telecom5.1


Cash3.2


0.010.020.030.040.050.060.070.080.090.0

100.0

Jul-08 Jul-10


Alpha 9.87 Correlation 0.78Past performance may or may not be sustained in future. Returns/investment valueare as of July 31, 2010. Returns are on a compounded annual basis and computed usingNAV of Growth Option. SIP values are in rupees. Performance Analysis on annualisedbasis using month-end NAVs since launch. The risk free rate is 7.651% per annumbased on the upper band of 10 year T-Bill yield.

Turnover (%) 36



Since Inception Returns 25.8% 44.2%Since Inception Value 25,000 32,341 37,999Last 2 years 24,000 30,862 36,744Last 1 year 12,000 12,719 13,984




020406080

100120140160180

Jun-08 Jul-10



Portfolio Stance: The equity allocation hasbeen reduced slightly and is at about 97%.The portfolio is intended to be largelycentered on the entertainment theme; it nowhas only a marginal allocation of about 2% tostocks that are outside the theme; thepermitted limit is 35%. The exposure levelbetween thematic and non-thematiccomponents will vary based on perception ofthe attractiveness and market conditions. Inline with the profile of companies in theentertainment theme, the portfolio has adistinct mid- and small-cap bias. This islikely to be a constant feature for severalyears ahead as despite the robust growthprospects, the emergence of the first set oflarge-cap stocks will take time. A cautiousapproach during the turbulence of 2008 andstock picking since has helped the fundoutpace the broad markets substantially sincelaunch.

Cox & Kings 10.6

Zee Entertainment 9.3

Television Eighteen 7.9

Mahindra Holiday 7.8

PVR 7.8

Sun TV 6.3

HT Media 6.1

Network 18 Fincap 6.1

OnMobile Global 5.1

Dish TV 5.0

UTV Software 4.5

IBN18 Broadcast 3.5

Indian Hotels 3.0

Entertainment Networth 2.6

D B Corp 2.5

TV Today Network 2.5

NDTV 1.9

InfoEdge 1.5

Zee News 1.2

IBN18 Broadcast-Rights 1.1

Talwalkars 0.5

Equity 96.8

Derivatives 0.0

Fixed Income 0.0

Cash / Others 3.2


Fund Manager: Satish Ramanathan; He hasexperience of 16 years and is managing thisfund since its launch in June 2008.

Benchmark CNX Media & Entertainment Index

Fund Size: Rs 72 crorePositioning: EntertainmentPerformance Change in NAV (%) Returns (%)

Period Fund Benchmark CNX 500 Fund Benchmark CNX 500Since Inception 48.8 1.7 21.6 20.6 0.8 9.7Last 2 years 47.4 25.0 29.5 47.4 25.0 29.5Last 1 year 15.3 44.0 18.9 15.3 44.0 18.9

� Cash � Thematic � Non Thematic



Sundaram BNP Paribas Select Thematic FundsPSU Opportunities

Fund Facts: An open-end equity scheme • Launch: January 2010 • Bloomberg: SNDPSUG IN • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • Minimum Amount: Rs 5,000 • SIP/STP:Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29

Sector Profile (%)

FinancialServices

38.5


Energy-Oil & Gas19.3

Metals7.7

4.4



4.2Cash3.9

Services2.3


Theme96.1

Cash3.9



Past performance may or may not be sustained in future. Returns/investment valueare as of July 31, 2010. Returns are on a compounded annual basis and computed usingNAV of Growth Option. SIP values are in rupees. Performance Analysis on annualisedbasis using month-end NAVs since launch. The risk free rate is 7.651% per annumbased on the upper band of 10 year T-Bill yield.Turnover (%) 113

Fund S&P CNX 500 Mean 12.23 2.46Standard Deviation 9.28 13.71Beta 0.64 1.00Sharpe Ratio 0.49 -0.38Sortino Ratio 0.84 -0.54Treynors Index 7.11 -5.19


Since Inception Returns 29.6% 0.3%Since Inception Value 60,00 6,470 6,005




80

90

100

110

Jan-10 Jul-10



Portfolio Stance: The fund’s equity exposurehas declined by about 2 percentage pointsfrom its highest level since launch at 98% atthe end of June. The fund has moved to aclose-to-fully invested status in a phasedmanner based on market conditions. In linewith the positioning, the portfolio is almostentirely invested in stocks of public sectorundertakings (PSUs). The portfolio has adistinct large-cap tilt, which is an intrinsicfeature of the PSU space. The top sectors byallocation are financial services, oil & gasand utilities. This, too, is in line with broadprofile of the PSU universe. PSU stocks aregeared to the India story due to a strongpresence in high growth sectors such asfinancial services, oil & gas, engineering andmaterials space; they are almost absent insectors such as consumer staples, pharma,telecom and information technology. Theportfolio of the fund is geared to the highgrowth sectors of the Indian economy.

O N G C 7.5

Punjab National Bank 6.0


R E C 4.9

S A I L 4.8

Bank of Baroda 4.4

N T P C 4.4

Power Trading 4.3

G A I L 3.8

H P C L 3.8

Petronet LNG 3.6

Bharat Electronics 3.2

O B C 3.2

Gujarat Petronet 3.1

Power Finance Corp 3.1

G S F C 3.1

LIC Housing 3.1

Canara Bank 3.0

Bank of India 2.8

Indian Oil Corporation 2.3

N H P C 2.3

N M D C 2.3

UCO Bank 2.0

Container Corp 1.8

B P C L 1.7

Power Grid 1.4

Gujarat Alkalies 1.2

IDBI Bank 1.2

B E M L 1.0

G M D C 0.6

Balmer Lawrie &Co. 0.6

Oil India 0.3

Indraprastha Gas 0.3

Equity 96.1

Derivatives 0.0

Fixed Income 0.0

Cash / Others 3.9


Fund Manager: J Venkatesan; He hasexperience of 19 years and is managing thisfund since its launch in January 2010.

Benchmark CNX PSE Index

Fund Size: Rs 510 crorePositioning: Public SectorPerformance Change in NAV (%) Returns (%)

Period Fund Benchmark CNX 500 Fund Benchmark CNX 500Since Inception 7.1 -8.5 1.0 7.1 -8.5 1.0


Performance

Fund Weight %

Emerging Markets

BlackRock Merrill Lynch Emerging 7.9Nevsky Eastern European 6.4DB Tracker Emerging Markets 15.4Fidelity South East 14.6Schroders Emerging 9.3DB Tracker Latin America 8.0Parvest Latin America 6.7

Real Estate (Funds owning stocks of real estate companies, not real estate)

Morgan Stanley Asian Property 4.6Morgan Stanley Global Property 2.9

Commodities (Funds owning stocks of commodity companies, not commodities)

Parvest Global Resources 7.6Martin Currie Global Resources 5.4

Allocation to funds 88.7Cash 11.3

Asset Class/Geography Neutral Current

Emerging MarketsAsia 40.0 39.3Latin America 15.0 14.6Eastern Europe 15.0 14.3Commodity Funds 15.0 13.0Real Estate Funds 15.0 7.5Cash 0 11.3

Sundaram BNP Paribas Global Advantage

Portfolio Stance: The allocation to Emerging Europe

is at a neutral level of 15%. Exposure to Latin

America has been pared – taking advantage of the

upward trend and the rise in the value of the real – and

is now at 15%, which is the intended neutral weight.

The portfolio now has a neutral stance to Asia, Latin

America and Emerging Europe; the allocation to

emerging markets as an asset class has, however, been

raised to a deep overweight by adding to exposures to

a global emerging markets fund. The portfolio is

overweight emerging markets, neutral on

commodities (despite addition of two new funds and

exit of a major exposure) and underweight real estate.

• 100% in global markets (an India allocation ispossible based on outlook)

• Actively managed diversified multi-managerportfolio

• Advisor is FundQuest, a BNP Paribas InvestmentPartner

• Exposure to multiple asset classes through mutualfunds & exchange-traded funds

• Allocation across global emerging equities,commodities & real estate.

• Exposure in ETFs that track an index of companiesin the real estate business and in commodities and notan index that tracks real-estate and commoditiesdirectly

• Active bets within each asset class based on economy& market outlook

• Complementary strategies to lower volatility andfund manager risk

• Emerging Markets: • Neutral 70% • Minimum 60% •Maximum 100%

• Real Estate: • Neutral 15% • Minimum 0% •Maximum 40%

• Commodities: • Neutral 15% • Minimum 0% •Maximum 40% Funds owning stocks of commodity companies and funds owning stocks of real estate companies are used

to invest in the respective asset classes.

Past performance may or may not be sustained in future. Computed using NAV of Growth Option on compounded annul basis.

Positioning: Thematic-Overseas Investment

Change in NAV Returns Period Fund Benchmark Fund Benchmark Excess

% % % % % pointsINRSince Launch 5.3 7.9 1.8 2.6 -0.8Last 2 years 2.7 4.1 1.4 2.0 -0.7Last 1 year 12.9 13.6 12.9 13.6 -0.7USDSince Launch -7.2 -4.7 -2.5 -1.6 -0.9Last 2 years -6.1 -4.8 -3.1 -2.5 -0.6Last 1 year 16.7 17.5 16.7 17.5 -0.7

Fund Advisor: Fund Quest, a member of

BNP Paribas Investment Partners

Salient Features

Fund Manager: S Bharath

Fund-of-Funds Portfolio

Fund Facts: Open-end fund-of-funds scheme • Launch: September 2007 • Bloomberg: SNDGADG IN • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • Minimum Amount: Rs 5,000• SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29

Benchmark MSCI Emerging Markets Index

Fund Size: Rs 95.3 crore


Asset Allocation (%)


Sundaram BNP Paribas Balanced Fund

Weighted Average Market Cap: Rs 31,621 croreMedian Market Cap: Rs 13,407 croreWeighted average market-cap and median market-capare based on the equity component of the portfolio

Fund Facts: An open-end hybrid scheme • Launch: June 2000 • Bloomberg: SNDBALG IN • Plans: Regular, Institutional • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • MinimumAmount: Rs 5,000 • SIP/STP: Weekly Rs 1000, Monthly Rs 250, Quarterly Rs 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment Disclosures: Page 28 & 29

Average Maturity of Fixed Income Portfolio 4.56 years

Average Duration of Fixed Income Portfolio 2.88 Years

Yeild to Maturity 6.32%

Allocation (%)

Equity66.3

Government Securities

14.3

Certificate of Deposits

2.5

Corporate Bonds12.2

Cash / Others4.7

Sector Profile (%)


Consumer Goods12.5

IT8.6

Auto7.6

Pharma5.9Energy-Oil & Gas

5.4

Services3.9

Fixed Income29.0

Cash4.7

Energy-Utilities3.3


Since Inception Returns 18.9% —Since Inception Value 1,21,000 3,30,013 —Last 7 years 84,000 1,51,806 1,37,783Last 5 years 60,000 86,483 81,014Last 3 years 36,000 46,762 43,469Last 2 years 24,000 32,372 29,635Last 1 year 12,000 13,137 12,728

Dividend-last 3 years (For history refer page 27)Record Date % Rs. per unit Record Date NAV 14/12/07 30.0 3.00 22.480508/05/09 15.0 1.50 12.651711/09/09 10.0 1.00 15.2120




Fund: Rs 471 Benchmark: Rs 336

050

100150200250300350400450500

Jun-00 Jul-10

FundBenchmark


Since Inception 370.5 — 16.6 — —Last 7 years 284.1 208.2 21.2 17.4 3.7Last 5 years 115.6 96.4 16.6 14.4 2.2Last 3 years 29.0 24.5 8.8 7.6 1.3Last 2 years 35.6 25.2 16.4 11.9 4.5Last 1 year 20.5 12.2 20.5 12.2 8.4

Portfolio Stance: The exposure togovernment securities have remained atabout 14%. We have moved out of the 12-year security to move into the current liquidbenchmark. Our trading will center aroundthis security for some more time. The fundinitiated trading strategies in GOI securitiesand captured market movements. We wereable to thus reduce losses emanating out ofthe increase in yield due to rate hike. Weintend to initiate trading calls in the portfolioand adopt relative value strategies in theforthcoming period. The equity componentaccounts for about 66% of the assets. Theequity component is spread across the capcurve and sectors.

Equity 66.3

TVS Motors 7.6

ITC 6.5

Hindustan Unilever 5.9

T C S 5.8

Cairn India 5.4

H D F C 5.2

ING Vysya Bank 5.1

Lupin 5.0

I D F C 4.4

YES Bank 4.4

Kingfisher Airlines 3.9

Power Trading 3.3

Polaris Software 2.8

Shasun Chemicals 0.9

Government Securities14.2

7.80% 2020 13.7

6.35% 2020 0.5

Certificate of Deposits 2.5

O B C 2.5

Corporate Bonds 12.2

Union Bank of India 7.6

P F C 4.6

Reverse REPO / CBLO 4.3

Cash / Others 0.4


Benchmark CRISIL Balanced Fund Index

Fund Size: Rs 66 crorePositioning: Balanced Portfolio


Past performance may or may not be sustained in future. Returns/investment valueare as of July 31, 2010. Returns are on a compounded annual basis and computed usingNAV of Growth Option. SIP values are in rupees. Performance Analysis on annualisedbasis using month-end NAVs since launch. Excess Returns and Performance Analysisare with reference to the broad market index – S&P CNX 500. The risk free rate is7.651% per annum based on the upper band of 10 year T-Bill yield.






PortfolioSecurity Rating Weight %

Portfolio Stance:MIP (Moderate): Good inflows into the fund and the revaluation all money market instruments haveseen pushing up the portfolio yield to over 7%. The exposure to medium-term debentures was also increased toenhance good accruals in the fund. We intend to target good accrual portfolio without compromising portfolio quality.The exposure to government securities was not taken in the last month and shall be based on our trading view. Equityaccounts for about 9% of assets in the Moderate Plan and is invested in large-cap stocks in the Moderate Plan. MIP (Aggressive & Conservative): The debt portion of the portfolio is targeted at higher accruals and would try tocapture a maturity of up to two years. The portfolio yield had moved up considerably due to revaluation of the assets,to implement the new norms. The corporate debt exposure is steadily increased by reducing the short-term mark-to-market exposure. In these two plans, the equity exposure is via dedicated large-cap and mid-cap funds with a trackrecord of more than eight years.

Positioning: Income Plus

Sundaram BNP Paribas Monthly Income Plan

Past performance may or may not be sustained in future. Computed using NAV of Growth Option on compounded annual basis.

Government Securities 1.3

6.35% - 02/01/2020 GSEC 1.3


Oriental Bank of Commerce P1+ 13.6

Bank of Baroda A1+ 3.4

Jammu & Kashmir Bank P1+ 1.0

Commercial Paper 14.2

IL & FS Financial Services A1+ 14.2


ICICI Securities AAA 10.5

Reliance Capital AAA 8.8

Mahindra & Mahindra AA+ 8.8

Tata Communications AAA 8.7

Aditya Birla Nuvo AA+ 6.4

Power Finance Corporation AAA 3.5

Kesoram Industries AA 2.6

Tata Capital LAA+ 1.8


Equity Holdings 9.4


Cash, Call & Net Current Assets 2.6


Oriental Bank P1+ 15.6

Canara Bank P1+ 11.1


South Indian Bank PR1+ 5.6

ICICI Bank A1+ 2.7

Kotak Mahindra Bank P1+ 5.1





Aditya Birla Nuvo Ltd AA+ 2.8


HCL Technologies LAA+ 0.5

Mutual Funds 17.7

Sundaram BNP Paribas Select Mid Cap 9.0

Sundaram BNP Paribas Select Focus 8.7



Not an assured income scheme


Canara Bank P1+ 13.4

ICICI Bank A1+ 9.6


YES Bank A1+ 6.9

ICICI Bank A1+ 4.7

South Indian Bank PR1+ 2.3





Aditya Birla Nuvo AA+ 5.1



IDFC LAAA 0.5

Mutual Funds 7.2

Sundaram BNP Paribas Select Mid Cap 3.6

Sundaram BNP Paribas Select Focus 3.6





Fund Size: Rs 21 crore

Average Maturity 0.86 yearsDuration 0.77 yearsYield To Maturity 6.86%



NAV (G): Rs 10.1604 NAV(D-Monthly) Rs 10.1072



Fund Size: Rs 57 crore Fund Size: Rs 19 crore

Period Returns (%)Fund Benchmark

Since Inception 1.60 2.88

PerformancePeriod Returns (%)

Fund BenchmarkSince Inception 2.18 2.88

PerformancePeriod Returns (%)

Fund BenchmarkSince Inception 6.66 7.08Last 5 years 6.32 8.04Last 3 years 4.99 6.95Last 2 years 7.24 9.39Last 1 year 7.05 6.43

Performance

Benchmark CRISIL MIP Blended Index

Fund Facts: An open-end income scheme • Launch: January 2004 (Moderate Plan); March 2010 (Conservative Plan & Aggressive Plan) • Bloomberg: SUNMIFG IN • Plans: Conservative Plan, Moderate Plan &Aggressive Plan. Options: Growth, Dividend Pay Out, Dividend Re-Investment (Monthly, Quarterly & Half Yearly) • Minimum Amount: Rs 5000 • SIP/STP: Weekly Rs 1000 • Monthly Rs 250 • Quarterly Rs 750• Terms of offer: NAV • Exit Load: 1.00% if redeemed within 12 months from the date of allotment • Dividend History: Please visit www.sundarambnpparibas.in Disclosures: Page 28 & 29

Conservative Plan (Equity of up to 10%) Moderate Plan (Equity of up to 20%) Aggressive Plan (Equity of up to 30%)

Fund Manager: K Ramkumar; He hasexperience of 18 years and is managing thisfund since August 2007.


Portfolio Stance: The duration of theportfolio has declined marginally to 0.09years. The duration may continue at lowerlevels than was held previously due tochange in the valuation norms, which hasmade marked-to-market for securitiesmaturing beyond 90 days. The exposure toCertificate of Deposits was enhanced to over50% and commercial papers were reduced topave the way for short-term NCDs. Theyields are lower reflecting lower duration.We would continue maintain a judicious mixbetween bank certificate of deposits andother non bank securities, based on need.

Positioning: Liquid Fund

Sundaram BNP Paribas Money Fund

4.9 Cash Call & NCA

8.8 Reverse REPO / CBLO / BRDS

22.6 Corporate Bonds

13.8 Commercial Paper

50.0Certificate of Deposits

4.9 Cash Call & NCA

8.8 Reverse REPO/CBLO

86.4Highest Investment Grade


Average Maturity 0.12 years

Duration 0.09 years

Yield To Maturity 5.24%


Central Bank of India PR1+ 14.5

State Bank of Travancore P1+ 8.4

Andhra Bank PR1+ 6.9

Punjab & Sind Bank A1+ 6.9


Allahabad Bank A1+ 2.8

Axis Bank P1+ 2.7

State Bank of Patiala P1+ 2.5

ICICI Bank A1+ 1.1


Reliance

Communications PR1+ 5.0

Reliance Capital A1+ 4.2

Tata Capital A1+ 2.5

Magma Fincorp PR1+ 1.1

Religare Finvest A1+ 1.1


SREI Equipment Finance PR1+ 11.1

Piramal Health Care A1+ 8.4

Edelweiss Capital P1+ 1.5

SREI Equipment Finance A1+ 1.5



No marked-to-market exposure

No exposure to real estate

Highest investment-grade papers

Exposure is usually taken only in securities with thehighest investment grade rating at the time of investment.


RetailLast 1 month 4.22 4.25Last 15 days 5.10 4.88InstitutionalLast 1 month 4.69 5.10Last 15 days 4.70 4.88Super InstitutionalLast 1 month 5.05 5.10Last 15 days 5.02 4.88

Near-Term Performance


NAV

Rating Profile (%)

Fund Facts: An open-end liquid scheme • Launch: March 2000 • Bloomberg: SNDMONA IN • Plans: Retail, Institutional & Super Institutional • Options: Growth, Dividend Pay Out (Monthly),Dividend Reinvestment (Daily, Weekly, Fortnightly, Monthly & Quarterly) • Minimum Amount: Retail – Rs. 1,000/- Institutional – Rs. 25 Lakhs Super Institutional – Rs. 5 crore • Terms of offer:NAV • Exit Load: Nil • Dividend History: Please visit www.sundarambnpparibas.in Disclosures: Page 28 & 29

Benchmark CRISIL Liquid Fund Index


RetailSince Inception 6.45Last 7 years 5.81 5.64Last 5 year 6.20 6.22Last 3 years 6.05 6.09Last 2 years 5.09 5.68Last 1 year 3.47 3.53InstitutionalSince Inception 6.28 5.95Last 5 year 6.48 6.22Last 3 years 6.41 6.09Last 2 years 5.55 5.68Last 1 year 3.93 3.53Super InstitutionalSince Inception 6.86 6.33Last 3 years 6.73 6.09Last 2 years 5.90 5.68Last 1 year 4.29 3.53

Long-Term Track Record

Past performance may or may not be sustained in future.Returns are as of July 31, 2010 and computed using NAV ofGrowth Option on simple annual basis. For period greater thanone year returns are annualised.



Retail PlanGrowth Rs 19.1610Daily Dividend Rs 10.0953Weekly Dividend Rs 10.6718Fortnightly Dividend Rs 10.4433Monthly Dividend Rs 10.3169Quarterly Dividend Rs 10.7270Institutional Plan Growth Rs 19.4368Daily Dividend Rs 10.0953Weekly Dividend Rs 10.7666Monthly Dividend Rs 10.3680Quarterly Dividend Rs 10.7255Super Institutional Plan Growth Rs 19.7031Daily Dividend Rs 10.0953


Sundaram BNP Paribas Ultra Short-Term Fund

Retail PlanGrowth Rs 12.3731Daily Dividend Rs 10.0370Weekly Dividend Rs 10.6018Fortnightly Dividend Rs 10.4012Monthly Dividend Rs 10.3573Quarterly Dividend Rs 10.6876Institutional PlanGrowth Rs 12.5038Daily Dividend Rs 10.0370Weekly Dividend Rs 10.6231Fortnightly Dividend Rs 10.4383Monthly Dividend Rs 10.4073Super Institutional PlanGrowth Rs 12.6244Daily Dividend Rs 10.0370Weekly Dividend Rs 10.6124

Portfolio Stance: The duration of theportfolio in the month end was maintained atabout 0.23 years, the same as at previousmonth end. The portfolio yield increased toover 5.5 % due to revaluation of securities.The duration may be reduced in futurecompared to what was held in the past due tochange in the valuation norms which hasmade marked-to-market for securitiesmaturing beyond 90 days. We wouldcontinue maintain a judicious mix betweenbank certificate of deposits and other nonbank securities, based on need.

Positioning: Income Fund

-8.6 Cash Call & NCA

0.1 Reverse REPO / CBLO

10.0 Securitized Debt




-8.6 Cash Call & NCA


0.7 Speculative




Duration 0.23 years




UCO Bank P1+ 9.9

ICICI Bank A1+ 8.6

State Bank of Patiala P1+ 5.5

Axis Bank P1+ 4.9

Punjab & Sind Bank A1+ 4.9

Canara Bank P1+ 4.9


Central Bank of India A1+ 2.8

United Bank of India A1+ 1.4

Vijaya Bank PR1+ 1.2


Reliance Industries P1+ 9.4

Tata Capital A1+ 8.1

IDBI Home Finance A1+ 4.8



Reliance Communications PR1+ 0.0


SREI Equipment Finance PR1+ 5.0

LIC Housing Finance AAA 3.0

Godrej Consumer Products A1+ 2.0

Magma Fincorp PR1+ 2.0

Unitech F4(IND) 0.7

Securitised Debt 10.0

Loan To North Delhi

Power Ltd By Kotak

Mah Prime - Series A2 A1+(SO) 9.8

Loan To North Delhi

Power Ltd By Kotak

Mah Prime - Series A1 A1+(SO) 0.2


Cash, Call & Net Current Assets -8.6


NAV

Rating Profile (%)

Benchmark CRISIL Liquid Fund Index Period Returns (%)Fund Benchmark

RetailSince Inception 6.72 6.28Last 3 years 6.51 6.09Last 2 years 5.65 5.68Last 1 year 3.99 3.53Last 1 month 4.08 5.10InstitutionalSince Inception 7.06 6.28Last 3 years 6.88 6.09Last 2 years 6.13 5.68Last 1 year 4.48 3.53Last 1 month 4.51 5.10Super InstitutionalSince Inception 7.38 6.28Last 3 years 7.20 6.09Last 2 years 6.46 5.68Last 1 year 4.80 3.53Last 1 month 4.82 5.10

Performance




Fund Facts: An open-end income scheme • Launch: April 2007 • Bloomberg: SNDLPRG IN • Plans: Retail, Institutional & Super Institutional • Options: Growth, Dividend Pay Out (Weekly,Fortnightly, Monthly & Quarterly) & Dividend Reinvestment (Daily, Weekly, Fortnightly, Monthly & Quarterly) • Minimum Amount: Regular: Rs 1000 • SIP/STP: Weekly Rs 1000 • Monthly Rs1000 • Quarterly Rs 3000; Institutional: Rs 1 crore; Super Institutional: Rs 5 crore • Terms of offer: NAV • Exit Load: Nil. • Dividend History: Please visit www.sundarambnpparibas.inDisclosures: Page 28 & 29


6.28

6.72

7.06

7.38

Bencmark

Regular Plan

Institutional Plan

Super Institutional Plan



Sundaram BNP Paribas Flexible FundShort-Term Plan

Performance as Floating Rate Fund-Short Term(from allotment date till March 22, 2009)Period Returns (%)

Fund BenchmarkRetail 7.7 6.1Institutional 8.4 6.1

Retail PlanGrowth Rs 14.2291Monthly Dividend Rs 10.2823Institutional Plan Growth Rs 14.7742Daily Dividend Rs 10.0380Weekly Dividend Rs 10.4188Monthly Dividend Rs 10.3284

Portfolio Stance: The size has stabilized andwe have started seeing inflows, whichshould augur well for the futureperformance. The Certificate of Depositexposure declined to about 53%, as theywere liquidated on priority to meet theredemption. This also increased the durationto 0.80 years. The portfolio yield had movedup considerably due to revaluation of theassets, to implement the new norms. Theexposure to over one-year instruments hasalso increased to over 27%. We intend toinitiate trading calls in the portfolio andadopt relative value strategies in theforthcoming period, based on liquidityconditions.

Positioning: Income Fund

1.2 Cash Call & NCA




1.2

14.1

84.7

Cash Call & NCA

High Investment Grade

Highest Investment Grade



Duration 0.80 years



Bank of India P1+ 12.6

ICICI Bank A1+ 7.9

Union Bank of India A1+ 7.6

State Bank of Hyderabad A1+ 6.4

IDBI Bank P1+ 6.4

State Bank of Mysore A1+ 3.8

Karnataka Bank A1+ 3.7

UCO Bank P1+ 2.5

Bank of Baroda A1+ 2.0




Raymond PR1+ 6.4


S T C I P1+ 1.8



Aditya Birla Nuvo LAA+ 6.7


SREI Equipment Finance AA 2.7

Bajaj Auto Finance AA+ 2.6


Union Bank of India AA+ 1.3

Tata Sons AAA 1.3


Reverse REPO / CBLO —



NAV

Rating Profile (%)

Fund Facts: An open-end income scheme • Launch: December 2004 • Bloomberg: SUNFSRG IN • Retail Plan: Growth, Dividend Pay Out & Dividend Re-Investment (Monthly) InstitutionalPlan: Growth, Dividend Pay Out & Dividend Re-Investment (Daily*, Weekly* & Monthly) *denotes only reinvestment • Minimum Amount: Regular: Rs 1000 • SIP/STP (into the scheme): WeeklyRs 1000 • Monthly Rs 250 • Quarterly Rs 750; Institutional: Rs 1 crore • Terms of offer: NAV • Exit Load: 0.15% if redeemed within 7 days from the date of allotment. • Dividend History: Pleasevisit www.sundarambnpparibas.in Disclosures: Page 28 & 29

Benchmark CRISIL Short-Term Bond Fund Index Period Returns (%)Fund Benchmark

RetailSince Inception 5.36 5.43Last 1 year 4.88 4.43InstitutionalSince Inception 6.58 5.43Last 1 year 5.19 4.43

Performance

Past performance may or may not be sustained in future.Returns are as of July 31, 2010 and computed using NAV ofGrowth Option on simple annual basis. For period greater thanone year returns are annualised.Fund Size: Rs 382 crore



5.43

5.36

6.58

Bencmark

Regular Plan

Institutional Plan



NAV-based returns have been used in calculating all the numbers in‘Performance Analysis’ table.

Average Annual Mean: This is the average of monthly returns since launch. Standard Deviation: This indicator tells how the monthly/weekly returns asthe case may be are deviating from the mean returns of the fund and iscalculated for the same period as mean returns. This gives an indication ofthe volatility in the returns of the fund. This indicator hence should be readin conjunction with Mean returns and not to be used alone.Beta: This measure is also calculated basing on the monthly returns. Itconsiders the benchmark returns and finds out the extent to which fundmoved in relation to benchmark. For example, a figure of 0.9, means that ifindex falls by 1%, this fund’s NAV should decline by 0.9%Sharpe: This ratio is a measure of the fund’s risk-adjusted returns per unit ofrisk (risk measure used is standard deviation). It is calculated by deductingthe risk-free rate of return from the average monthly returns and dividing theresult by the standard deviation. In general, higher the Sharpe ratio, the betterit is as an indicator of risk-adjusted returns.Sortino: This ratio is a measure of the fund’s risk-adjusted returns per unitof down-side risk (down-side risk measure used is standard deviation of fallsin excess of risk-free return). Sortino ratio is calculated by deducting therisk-free rate of return from the average monthly returns and dividing theresult by the down-side risk. In general, higher the Sortino ratio, the better itis as an indicator of risk-adjusted returns.Treynor Ratio: This ratio is a measure of the fund’s risk-adjusted returns per

unit of market risk (risk measure used is beta). It is calculated by deductingthe risk-free rate of return from the average monthly return and dividing theresult by the beta of the fund.Alpha: It is the excess return generated by the fund above its expected rateof return. The expected rate or return is the return of the index multiplied bythe beta. Correlation: This number shows the relationship between the returns of thefund and benchmark. If the ratio is 0, it means there is no relationshipbetween them and if it is 1, it means the two move in tandem. This ratio isalso calculated for the same period as of mean returns.Tracking error: This is a measure of how closely a portfolio follows theindex to which it is benchmarked. It measures the standard deviation of thedifference between the portfolio and benchmark returns. Tracking error (alsocalled active risk) is a measure of the deviation from the benchmark. Anactively managed portfolio would normally have a higher tracking error. Iftracking error is measured historically, it is called 'realised' or 'ex post'tracking error. If a model is used to predict tracking error, it is called 'ex ante'tracking error. The former is more useful for reporting performance, whereasex ante is generally used by portfolio managers to control riskInformation Ratio: This is a measure the excess return of the fund over thebenchmark by the amount of risk the manager takes relative to a benchmark.Risk measure to compute information ratio is tracking error.Turnover: This ratio measures churn or portfolio turnover. This is calculateby dividing the lower of purchases or sales by the average daily assets for thechosen period.

Help Guide for Performance Analysis

Sundaram BNP Paribas Flexible Fund Flexible Income Plan

Portfolio Stance: The AUM did not show any

major change during the month. We have

initiated only trading calls during the month,

in the absence of sustainable trend. We do

not see a down trend in yields on a consistent

basis and we intend to dynamically manage

the portfolio in the near term.



Positioning: Income FundBenchmark CRISIL Short-Term Bond Fund Index

Fund Facts: An open-end income scheme • Launch: December 2004 • Bloomberg: SNDLPRG IN • Retail Plan: Growth, Dividend Pay Out & Dividend Re-Investment (Monthly, Quarterly, HalfYearly & Annual) Institutional Plan: Growth, Dividend Pay Out & Dividend Re-Investment (Monthly & Quarterly) • Minimum Amount: Rs 5000 (Regular) • Rs 1 crore (Institutional) • Terms ofoffer: NAV • Exit Load: 1.00% if redeemed within 12 monts from the date of allotment. • Dividend History: Please visit www.sundarambnpparibas.in Disclosures: Page 28 & 29

2.1Cash Call & NCA

39.3Reverse REPO / CBLO

19.9Commercial Paper

38.7Government Securities

2.1 Cash Call & NCA

39.3Reverse REPO/CBLO


38.7Sovereign

Asset Allocation (%) Rating Profile (%)Retail PlanGrowth Rs 13.9842Monthly Dividend Rs 10.3446Quarterly Dividend Rs 11.3229Half Yearly Dividend Rs 11.1242Annual Dividend Rs 10.7765Institutional Plan Quarterly Dividend Rs 10.7255

NAV

Performance as Floating Rate Fund-Short Term(from allotment date till March 20, 2009)Period Returns (%)

Fund BenchmarkRetail 6.5 5.7Institutional 10.7 5.7


RetailSince Inception 5.21 5.16Last 1 year 4.78 4.60

Performance




7.80% GSEC 2020 38.7







Sundaram BNP Paribas Bond Saver

Retail PlanGrowth Rs 27.7987Quarterly Dividend Rs 10.2741Half Yearly Dividend Rs 10.4846Annual Dividend Rs 10.3957Bonus Rs 14.6463Institutional Plan Growth Rs 31.3677Quarterly Dividend Rs 10.4267Bonus Rs 14.6493

Portfolio Stance: The duration of theportfolio was maintained at about 3.40 years.With the G-Sec exposure remaining thesame at 17 %, there were only tradingactivities undertaken during the month in G-Secs with no significant alteration in theoverall duration and portfolio risk. Theportfolio yield has inched up to 7.79%. Therisk-reward ratio has become favourable forbonds and hence we propose to enhanceduration gradually. This will be done byconverting our money market exposure togovernment securities.

Positioning: Liquid Fund

2.0 Cash Call & NCA

1.3 Reverse REPO / CBLO

68.2Corporate Bonds

11.4 Certificate of Deposits

17.1 Government Securities

2.0 Cash Call & NCA


33.7High Investment Grade


17.1Sovereign


Attributes-Debt PortfolioAverage Maturity 4.95 YearsDuration 3.40 YearsYield To Maturity 7.79%


7.80% GSEC 2020 GSEC 15.1

6.35% GSEC 2020 GSEC 1.1

6.05% GSEC 2019 GSEC 0.7

6.83% GSEC 2039 GSEC 0.2

Certificate of Deposit 11.4

State Bank of Travancore P1+ 10.1

Canara Bank P1+ 1.3


Power Finance Corporation AAA 17.6

SUNBNPP Home Finance AA 17.0


Tata Chemicals AA+ 16.7



No real estate exposureNo securitised debtHigh investment-graderated securities in portfolio

Exposure is usually taken only in securities with thehighest investment grade rating at the time of investment.


NAV

Rating Profile (%)

Fund Facts: An open-end fixed income scheme • Launch: December 1997 • Bloomberg: SUNBONA IN • Plans: Retail & Institutional • Options: Growth, Dividend Pay Out & Dividend Re-Investment (Quarterly, Half Yearly & Annual), Bonus Option • Minimum Amount: Rs 5000 (Retail) Rs 50 lakh (Institutional) • Terms of offer: NAV • Exit Load: 0.25% if redeemed within 30days from the date of allotment • Dividend History: Please visit www.sundarambnpparibas.in Disclosures: Page 28 & 29

Benchmark CRISIL Composite Bond Fund Index Period Returns (%)Fund Benchmark

RetailSince Inception 8.44 —Last 9 years 6.38 —Last 7 years 4.32 4.85Last 5 year 5.16 5.55Last 3 years 5.99 6.15Last 2 years 6.98 8.04Last 1 year 2.94 4.60

Performance





Sundaram BNP Paribas Capital ProtectionOriented Fund - Series 1 - 3 Years

Issuer % NAVCertificate of Deposit 87.1Central Bank of India 29.1Allahabad Bank 29.1State Bank of Travancore 29.0Commercial Paper 12.1Reliance Industries Limited 12.1REPO 0.48Cash & Cash Equivalents 0.27Total 100Assets Under Management (Rs Lakh) 2058

Sundaram BNP Paribas Capital ProtectionOriented Fund - Series 1 - 5 Years

Issuer % NAVGovernment Securities 58.611.03 Goi 18/07/2012 39.07.40 Goi 03/05/2012 19.5Certficate of Deposit 22.4ICICI Bank 10.6Oriental Bank of Commerce 11.8Equity 15.2Welspun Gujarat Stahl Rohren ltd 2.6Atlas Copco Ltd - Equity 2.3Noida Toll Bridge Company Ltd 2.1Kalpataru Power Transmission Ltd 1.9ITC Ltd - Equity 1.5ICICI Bank 1.4Dish TV India Limited 1.2Reliance Industries Ltd - Equity. 1.2NHPC Ltd 0.9REPO 0.0Cash & Cash equivalents 0.0Total 100.0Assets Under Management (Rs Lakh) 824Sundaram BNP Paribas Fixed Income Interval

Fund - Quarterly Series - Plan AIssuer % NAVCorporate Bonds 27.9Edelweiss Capital 13.9SREI Equipment Finance 13.9Commercial Paper 71.5Reliance Communications 19.1Magma Fincorp 18.5Religare Finvest 18.5Reliance Capital 15.4REPO 0.0Cash & Cash equivalents 0.6Total 100.0Assets Under Management (Rs Lakh) 3228Sundaram BNP Paribas Fixed Income Interval

Fund - Quarterly Series - Plan BIssuer % NAVCertficate of Deposit 45.8

Central Bank of India 22.9State Bank of Travancore 22.9Commercial Paper 45.9IDBI Home Finance 23.0Reliance Communications 22.9REPO 2.3Cash & Cash equivalents 6.0Total 100.0Assets Under Management (Rs Lakh) 348Sundaram BNP Paribas Fixed Income Interval

Fund - Quarterly Series - Plan CIssuer % NAVREPO 92.0Cash & Cash equivalents 8.0Total 100.0Assets Under Management (Rs Lakh) 25Sundaram BNP Paribas Fixed Income Interval

Fund - Quarterly Series - Plan DIssuer % NAVNCD's & PTC 43.4Kesoram Industries Limited 14.5SBI Global Factors Limited 14.5Aditya Birla Finance Limited 14.5Certificate of Deposit 37.2State Bank of Bikaner & Jaipur 4.8Vijaya Bank 18.1Canara Bank 14.3Commercial Paper 19.0Thomas Cook (India) Ltd 9.5Tata Capital 9.5REPO 0.1Cash & Cash equivalents 0.2Total 100.0Assets Under Management (Rs Lakh) 10364Sundaram BNP Paribas Fixed Income Interval

Fund - Quarterly Series - Plan EIssuer % NAVCertificate of Deposit 36.8Central Bank of India 18.4Allahabad Bank 18.4REPO 57.5Cash & Cash equivalents 5.7Total 100.0Assets Under Management (Rs Lakh) 271

Sundaram BNP Paribas Fixed Term Plan -Series Plan P

Issuer % NAVCorporate Bonds 51.5Kotak Mahindra Investments 17.2TGS Investments & Trade 12.9SREI Equipment Finance 12.9SREI Infra Finance 8.6Certficate of Deposit 15.5Dhanalakshmi Bank 4.7Kotak Mahindra Bank 10.8

Commercial Paper 29.7Ballarpur Industries 17.0Religare Finvest 12.7REPO 0.1Cash & Cash equivalents 3.2Total 100.0Assets Under Management (Rs Lakh) 11660

Sundaram BNP Paribas Fixed Term Plan -Series Plan R

Issuer % NAVCorporate Bonds 96.3Reliance Capital 18.0Mahindra & Mahindra Financial Services 17.9Kotak Mahindra Prime 17.7Fullerton India Credit Company 17.7IDFC 14.9Bajaj Auto Finance 7.2Tata Steel 2.9REPO 0.6Cash & Cash equivalents 3.2Total 100.0Assets Under Management (Rs Lakh) 1407

Sundaram BNP Paribas Fixed Term Plan -Series Plan S

Issuer % NAVCorporate Bonds 34.7Kotak Mahindra Prime 11.7Mahindra & Mahindra Financial Services 8.8LIC Housing Finance 8.3Mahindra & Mahindra 5.9Certficate of Deposit 13.4South Indian Bank 12.8ICICI Bank 0.6Commercial Paper 50.5Securities Trading Corporation of India 14.6Religare Finvest 13.5Simplex Infrastructures 11.2Jm Financial Products Private 11.2REPO 0.0Cash & Cash equivalents 1.5Total 100.0Assets Under Management (Rs Lakh) 8544

Sundaram BNP Paribas Fixed Term Plan -Series Plan Y

Issuer % NAVCorporate Bonds 97.8Bajaj Auto Finance 14.8HCL Technologies 14.7Tata Capital 14.0Reliance Capital 13.5ICICI Securities Primary Dealership 14.8Tata Steel 7.5L& T Finance 7.4LIC Housing Finance 7.4Kotak Mahindra Prime 3.7

REPO 0.3Cash & Cash equivalents 1.9Total 100.0Assets Under Management (Rs Lakh) 6760

Sundaram BNP Paribas Fixed Term Plan -Series Plan Z

Issuer % NAVCorporate Bonds 95.5Kotak Mahindra Prime 16.7Tata Steel 16.3Reliance Capital 14.4IL & FS Financial Services 13.3Fullerton India Credit Company 12.5Deutsche Post Bank Home Finance 8.3Kesoram Industries 7.2Bajaj Auto Finance 6.8Certficate of Deposit 1.6Dhanalakshmi Bank 1.6REPO 0.0Cash & Cash equivalents 2.9Total 100.0Assets Under Management (Rs Lakh) 5977

Sundaram BNP Paribas Fixed Term Plan -Series Plan AA

Issuer % NAVCorporate Bonds 52.6Kesoram Industries 18.0Reliance Capital 17.4IL & FS Financial Services 17.2Certficate of Deposit 17.1YES Bank 12.8Dhanalakshmi Bank 4.2Commercial Paper 29.4Securities Trading Corporation of India 18.4Religare Finvest 11.0REPO 0.0Cash & Cash equivalents 0.9Total 100.0Assets Under Management (Rs Lakh) 2609

Sundaram BNP Paribas Fixed Term Plan -Series Plan U

Issuer % NAVCertficate of Deposit 99.9Dhanalakshmi Bank 19.3Kotak Mahindra Bank 17.3Jammu & Kashmir Bank 17.3ICICI Bank 16.3Axis Bank 12.4YES Bank 12.4South Indian Bank 5.0REPO 0.1Cash & Cash equivalents 0.0Total 100.0Assets Under Management (Rs Lakh) 3867

Allocation as a percentage of fund size.

Portfolio other fixed-income funds


Dividend History Equity & Balanced Funds

Sundaram BNP Paribas Growth FundRecord Date % Rs. per unit Record Date NAV

29/09/99 20.0 2.00 18.01

15/05/00 30.0 3.00 16.51

22/01/03 20.0 2.00 12.75

11/07/03 15.0 1.50 12.70

26/09/03 20.0 2.00 13.87

30/01/04 55.0 5.50 16.35

11/03/05 20.0 2.00 14.80

03/10/05 15.0 1.50 15.79

03/02/06 22.5 2.25 16.91

31/05/06 35.0 3.50 15.63

16/11/07 65.0 6.50 23.35

19/02/10 20.0 2.00 12.70

Sundaram BNP Paribas India Leadership FundRecord Date % Rs. per unit Record Date NAV

29/03/05 25.0 2.50 13.4352

07/10/05 22.5 2.25 15.8420

24/02/06 17.5 1.75 17.0749

09/06/06 30.0 3.00 13.8705

23/11/07 55.0 5.50 21.3022

11/02/10 20.0 2.00 12.8673

Sundaram BNP Paribas Select Focus

Record Date % Rs. per unit Record Date NAV

20/06/03 20.0 2.00 12.50

12/09/03 25.0 2.50 14.15

20/08/04 40.0 4.00 14.79

04/03/05 20.0 2.00 14.68

27/01/06 20.0 2.00 18.79

02/06/06 50.0 5.00 18.20

24/11/06 35.0 3.50 16.33

30/11/07 65.0 6.50 21.73

26/03/10 20.0 2.00 12.92

26/03/10 20.0 2.00 12.92


27/06/03 25.0 2.50 12.9763

21/11/03 40.0 4.00 17.279

27/02/04 35.0 3.50 14.358

17/09/04 20.0 2.00 13.1843

18/02/05 20.0 2.00 15.0341

23/09/05 20.0 2.00 17.3439

17/02/06 25.0 2.50 20.0785

18/08/06 20.0 2.00 20.9924

27/10/06 40.0 4.00 21.0980

09/02/07 25.0 2.50 18.7821

24/04/09 10.0 1.00 11.5291

04/09/09 10.0 1.00 17.7666

20/11/09 15.0 1.50 18.7957

05/02/10 15.0 1.50 17.4552

Sundaram BNP Paribas S.M.I.L.E Fund


14/10/05 10.0 1.00 13.0045

10/03/06 10.0 1.00 15.5295

23/02/07 20.0 2.00 15.5046

07/12/07 60.0 6.00 23.8655

31/07/09 20.0 2.00 14.0713

26/03/10 30.0 3.00 14.9741

Sundaram BNP Paribas Equity MultiplierRecord Date % Rs. per unit Record Date NAV

20/12/07 30.0 3.00 16.4246

Sundaram BNP Paribas Tax SaverRecord Date % Rs. per unit Record Date NAV

26/03/04 50.0 5.00 15.9938

28/01/05 50.0 5.00 18.1404

30/09/05 30.0 3.00 18.2146

03/03/06 30.0 3.00 19.6287

25/08/06 15.0 1.50 15.9708

08/12/06 25.0 2.50 17.5084

23/03/07 20.0 2.00 14.4832

28/12/07 30.0 3.00 22.0117

28/03/08 15.0 1.50 14.0348

18/09/09 10.0 1.00 14.8173

29/01/10 20.0 2.00 13.6615

19/03/10 10.0 1.00 12.0734

Sundaram BNP Paribas Rural IndiaRecord Date % Rs. per unit Record Date NAV

17/11/06 10.0 1.00 11.4221

Sundaram BNP Paribas CAPEX OpportunitiesRecord Date % Rs. per unit Record Date NAV

17/03/06 10.0 1.00 14.7242

19/10/07 40.0 4.00 23.4271

19/06/09 20.0 2.00 14.8899

25/09/09 10.0 1.00 15.1334

05/03/10 25.0 2.50 15.4664

Sundaram BNP Paribas Financial Services OpportunitiesRecord Date % Rs. per unit Record Date NAV

12/06/09 10.0 1.00 12.8580

06/11/09 20.0 2.00 14.0743

Sundaram BNP Paribas Entertainment OpportunitiesRecord Date % Rs. per unit Record Date NAV05/06/09 10.0 1.00 13.6534

12/03/10 20.0 2.00 13.7327

Sundaram BNP Paribas Balanced FundRecord Date % Rs. per unit Record Date NAV

28/11/03 35.0 3.50 15.8144

18/03/05 42.5 4.25 16.1315

28/10/05 20.0 2.00 13.1592

14/12/07 30.0 3.00 22.4805

08/05/09 15.0 1.50 12.6517

11/09/09 10.0 1.00 15.2120

Sundaram BNP Paribas Select Mid Cap

Dividend is declared on the face value of Rs 10 per unit. After declaration and payment of dividend (including re-investment), the ex-dividend NAVwill decline to the extent of the dividend payment. For dividend history of liquid/income funds, please visit www.sundarambnpparibas.in

For more details on fund-specific features, detailed riskfactors and information on Sundaram BNP ParibasAsset Management, please read the Statement ofAdditional Information and Scheme InformationDocument available at www.sundarambnpparibas.in.Specific to information in the Fact Sheet: PortfolioAttributes: For Sundaram BNP Paribas Money Fundand Sundaram BNP Paribas Bond Saver, the portfolioattributes indicated are features that would normally beadhered to. There could also be changes if there aresignificant shifts in underlying of the fixed-incomemarket. Disclaimer for dividend: Dividend is declaredon the face value of Rs 10 per unit. After declaration andpayment of dividend (including re-investment), the ex-dividend NAV will decline to the extent of the dividendpayment. Exposure to derivatives: The value indicatedfor derivatives represents the exposure to equity throughto index futures, index options, stock futures and stockoptions. The margin may be only a proportion of theexposure and to the extent, it is lower, cash in the fund’saccounts will be higher. Portfolio Weights & NAV:Stock and sector weights have been rounded to one-decimal place and so may not add exactly to 100. NAVinformation in this document is as on July 31, 2010unless otherwise specified. Returns are based on NAVas of July 31, 2010 Returns:As per the SEBI standardsfor performance reporting, “since inception” returns arecalculated based on Rs 10 invested at inception of thefunds. For this purpose the inception date is deemed tobe the date of allotment. Returns are computed usingNAV of the Growth Option where a separate Dividendand Growth option is available from inception and anadjusted-series of NAV for Sundaram BNP ParibasGrowth Fund and Sundaram BNP Paribas Tax Saver fordividends declared before separate Dividend & GrowthOptions were introduced. Returns for period in excessof one year is on a compounded annual basis; thereturns are net of fees and expenses but before takinginto effect of entry load. Returns to investors may belower to the extent of entry load and timing ofinvestment in the fund. Returns are net of fees andexpenses. Past performance may or may not besustained in future and the numbers should not be usedas a basis for comparison with other investments.Performance Analysis are on an annualized basis as ofJuly 31, 2010. Computation is based on the month-endNAV of the fund, designated benchmark and S&P CNX500. The risk free rate is 7.651% per annum based onthe upper band of 10 year T-Bill yield.

Data Source: Bloomberg; Computation: In- houseFund Features: Scheme Type, Investment Objective,Plans, Options, Entry Load and Exit Load have beenoutlined in the respective fund-specific Fact Sheetpages. NAV will be published on every business day.Asset Allocation: Sundaram BNP Paribas GrowthFund: • Equity and equity-related instruments: up to95% • Debt instruments including securitised Debt: upto 35% • Money market instruments up to 25 Exposurein derivative shall not exceed 25% of the portfolio. TheScheme may invest up to 35% of the net assets inoverseas securities. Sundaram BNP Paribas SelectFocus: • Equity instruments (including ADRs andGDRs): 75%-100% • Equity futures & optionsincluding those of indices: Not exceeding 25% • Cash,cash equivalents, money market instruments: Notexceeding 25%. Exposure in derivative shall not exceed25% of the portfolio. The Scheme may invest up to35% of the net assets in overseas securities. SundaramBNP Paribas Select Mid Cap: • Equity instruments(including ADRs and GDRs) 75%-100% • EquityFutures & Options including those of indices: Notexceeding 25%(underlying contract value) • Cash, cash

equivalents, money market instruments: not exceeding25%. Exposure in derivative shall not exceed 25% of theportfolio. The Scheme may invest up to 35% of the netassets in overseas securities. Sundaram BNP ParibasSelect Small Cap: Equity and equity-related securitiesof small caps 65%-100% Other Equities 0-35%, FixedIncome and Money Market Securities 0-35%. TheScheme may invest up to 35% of the net assets inoverseas securities. Sundaram BNP ParibasS.M.I.L.E Fund (Small and Medium Indian LeadingEquities): • Equity instruments – small-cap and mid-cap stocks (including investments in ADRs and GDRs):At least 65% • Other Equities (including investment inADRs and GDRs): Not exceeding 35% • Equity Futures& Options including those of indices: Not exceeding25% • Money market instruments: Not exceeding 15%.Exposure in derivative shall not exceed 25% of theportfolio. The Scheme may invest up to 35% of the netassets in overseas securities. Sundaram BNP ParibasIndia Leadership Fund: • Leadership Stocks: 65%-100% • Stocks of conglomerates and potential leaders(including ADRs and GDRs): Not exceeding 35% •Equity futures & options, including those of indices: notexceeding 25% of underlying contract value • Moneymarket instruments: not exceeding 15%. Exposure inderivative shall not exceed 25% of the portfolio. TheScheme may invest up to 35% of the net assets inoverseas securities. Sundaram BNP Paribas TaxSaver: • Equity & equity-related instruments: 80-100%• corporate and PSU Bonds Up to 20% • Money marketinstruments: Up to 20%. Sundaram BNP ParibasEquity Multiplier: Equity and Equity-relatedinstruments - 65%-100% Debt instruments includingsecuritised debt (upto30%) & Money MarketInstruments - 0-35%. The Scheme may invest up to 35%of the net assets in overseas securities. Select ThematicFunds: Sundaram BNP Paribas CAPEXOpportunities: • Equity & equity-related securities ofcompanies in capital goods sector (includinginvestments in ADRs and GDRs): 70%-100% • Otherequities (including investment in ADRs and GDRs) 0%-30% • Money market instruments: 0%-15%. SundaramBNP Paribas Capex Opportunities Fund has twoseparate portfolios for Dividend and Growth Options.Exposure in derivative shall not exceed 25% of theportfolio. The Scheme may invest up to 35% of the netassets in overseas securities. Sundaram BNP ParibasRural India Fund: • Equity & equity-related securitiesof companies that are focusing on Rural India(including investment in ADRs and GDRs): 70%-100%• Other equities (including investment in ADRs andGDRs): 0%-30% • Money market instruments 0%-15%.The Scheme may invest up to 35% of the net assets inoverseas securities. The fund may also invest in equityand equity-related instruments listed in overseasmarkets as well as overseas funds/ETFs that invest in ortrack agri-commodity stocks. Exposure in derivativeshall not exceed 25% of the portfolio. The scheme willnot invest in funds/ETFs that have direct exposure tocommodities. Sundaram BNP Paribas EnergyOpportunities: Equity and equity-related instrumentsin the targeted theme 65-100%; equity and equity-related instruments that are outside the theme 0-35%;Treasury Bills, CBLO, Reverse REPO: 0-15%.Sundaram BNP Paribas Financial ServicesOpportunities: • Equity & equity-related instrumentsof predominantly Indian companies relevant to thetheme 65%-100% • Equity & equity-related instrumentsoutside the theme 0%-35% • Fixed Income and MoneyMarket instruments 0%-15%. The Scheme may investup to 35% of the net assets in overseas securities.Sundaram BNP Paribas EntertainmentOpportunities: • Equity & equity-related instruments

in the targeted sector/theme 65%-100% • Equity &equity-related instruments other than the targetedsector/theme 0%-35% • Fixed Income and MoneyMarket instruments 0%-15%. The Scheme may investup to 35% of the net assets in overseas securities.Sundaram BNP Paribas PSU Opportunities Fund:Equity and equity-related instruments in the targetedtheme: 65%-100% Equity and equity-relatedinstruments outside the targeted theme: 0%-35% Fixed-income and money-market instruments: up to 35%.Investment in Equity & equity-related Instruments otherthan the targeted sector/theme will be in Indiansecurities and large-cap stocks from S&P CNX Nifty.Exposure to securitised debt shall not exceed 50% of thelimit indicated for fixed income and money marketinstruments. Investment in overseas securities shall beup to 35% of the net assets of the scheme. Exposure toderivatives shall be up to 50% of the net assets of thescheme. Sundaram BNP Paribas Balanced Fund: •Equity and Equity Linked instruments: 40%-75% •Fixed Income instruments: 25%-60%, includingsecuritised debt up to 10%.Sundaram BNP ParibasGlobal Advantage: Unit of mutual funds andexchange-traded funds listed on overseas stockexchanges 85%-100%; Domestic Money-marketinstruments 0%-15%. Sundaram BNP Paribas MoneyFund: •Money Market Investments, debt securities(including securitised debt up to a maximum of 50% ofthe net asset value of the scheme) 0% - 100%. Thescheme shall invest in debt and money market securitieswith maturity of up to 91 days only. Sundaram BNPParibas Ultra Short-Term Fund: • Money marketsecurities and/ or debt securities with residual oraverage maturity of less than or equal to 370 days or putoptions within a period not exceeding 370 days 70% -100% • Debt securities which have residual or averagematurity of more than 370 days 0% - 30% (IncludingSecuritised Debt up to 30%). Sundaram BNP ParibasFlexible Fund-Short Term Plan: • Money MarketInstruments (CDs, CPs, CBLO, REPO, MIBORInstruments, Debt Securities with initial maturity ofless than one year/GOI Secs./Treasury Bills) 65%-100%• Fixed Income Instruments Government of India &Corporate Debt Securities (including Securitised Debt)0%-35%. Sundaram BNP Paribas Flexible Fund-Flexible Income Plan: Fixed Income Instruments,Government of India & Corporate Debt Securities(including Securitised Debt) 65%-100% • MoneyMarket Instruments like CPs, CBLO, REPO, MIBORInstruments, Debt Securities with initial maturity of lessthan one year/GOI Secs./Treasury Bills 0%-35%Investment in securitised debt will be up to35% of thenet assets. Sundaram BNP Paribas Bond Saver: •Debt instruments 65%-100% • Money marketinstruments 0%-40%. Sundaram BNP ParibasMonthly Income Plan: Conservative Plan: •Government Securities 90%-100% • Debt Securities,Money Market instruments & Cash (Including money atCall, other than securitised debt) 90%-100% • Equity &Equity related securities 0%-10% • Investment inSecuritised Debt will be up to 75% of the net assets ofthe Plan. Moderate Plan: • Government securities80%-100% • Debt Securities, Money Marketinstruments & Cash (Including money at Call, otherthan securitised debt) 80%-100% • Equity and equity-related securities 0%-20%. • Investment in SecuritisedDebt will be up to 75% of the net assets of the Plan.Aggressive Plan: • Government securities 70%-100% •Debt Securities, Money Market instruments & Cash(Including money at Call, other than securitised debt)70%-100% • Equity and equity-related securities 0%-30%. • Investment in Securitised Debt will be up to 70%of the net assets of the Plan.

Past performance may or may not be sustained in future. Past performance is no guarantee of future result. Mutual Fund Investments are subject to marketrisks. Please read the Statement of Additional Information and Scheme Information Document carefully before investing. All mutual funds and securitiesinvestments are subject to market risks, and there can be no assurance or guarantee that fund's objectives will be achieved. NAV may go up or down, dependingon the factors and forces affecting the securities market. The names of the schemes do not in any manner indicate either quality or future prospects and returns.

Disclosures



Disclosures Pending deployment of funds in terms of the investmentobjective, the funds may be invested in short-termdeposits with scheduled commercial banks inaccordance with applicable SEBI guidelines.Scheme-Specific Risk Factors: Applicable for all funds: Change in Governmentpolicy in general and changes in tax benefits applicableto mutual funds may impact the returns to Investors. Applicable to equity schemes (except Sundaram BNPParibas Tax Saver and Sundaram BNP Paribas SelectThematic Funds Energy Opportunities): For anyoverseas investments in the equity funds, country risk,currency risk and geopolitical risk, to name a few Sundaram BNP Paribas Select Focus: Highervolatility due to a concentrated portfolio. SundaramBNP Paribas Select Mid Cap: Lack of liquidity attimes and volatility. Sundaram BNP Paribas SelectSmall Cap: Illiquidity risks are higher and may lead tohigher impact costs. Impact costs are different frombrokerage and custodian charges and not be minimisedor eliminated. Unlisted equity can also affect liquidity.Prices may be more volatile. Greater sensitivity andvulnerability of smaller companies to changingeconomic conditions, lack of depth in management,difficulty in raising funds and be developing ormarketing new products or services, outdatedtechnologies, lack of bargaining power with suppliers,low entry barriers and issues of transparency andcorporate governance enhance risks associated withsmall-cap stocks. Sundaram BNP Paribas Small andMedium Indian Leading Equities Fund (S.M.I.L.E)Fund: Small-cap stocks are generally more illiquid.Sundaram BNP Paribas Equity Multiplier: Risk ofnon-diversification. Sundaram BNP Paribas SelectThematic Funds Capex Opportunities: Longgestation periods; pace at which investmentsmaterialize; incidence of taxation, government policy &firm-level inefficiency. Sundaram BNP Paribas SelectThematic Funds Rural India Fund:Vagaries of naturesuch as erratic monsoon, failure of crop & drought, toname a few; cyclical / seasonal factors. For any overseasinvestments relevant to rural-theme: country risk,currency risk and geopolitical risk. Sundaram BNPParibas Select Thematic Funds EnergyOpportunities: Delays and slower pace ofcommercialisation of gas and oil finds; Governmentpolicy on pricing and distribution of petro-products;Significantly lower commercial output in relation to thesize of the oil or gas discovery; Regulatory hurdles thatimpede growth and take more-than reasonable timeframes to be sorted out; Geo political developments andgovernment intervention in Pricing; Slower-than-expected pace of development and usage of oil and gasin user industries could impact the performance.Sundaram BNP Paribas Select Thematic FundsFinancial Services Opportunities: The risks associatedwith the thematic portfolio will be lower than that of asector-specific fund and higher than that of a typicaldiversified fund. Factors that could impinge onperformance include changes in interest rates in Indiaand overseas markets, changes in regulatory frameworkapplicable to companies in financial services,government policy on ownership, savings patterns anddeployment of such savings and levels and trends incapital market activity. Tax-free status for long-termcapital gains and dividend will depend on the fundinvesting at least 65% in equity to qualify in accordancewith provisions of the Income-Tax Act. If and to theextent, the portfolio includes overseas stocks, investorswill be exposed to country risk, currency risk, geo-political risk, legal restrictions and regulation changesin geography other than India. As a thematic fund, thereis risk of concentration. Sundaram BNP ParibasSelect Thematic Funds EntertainmentOpportunities: The risks associated with the thematicportfolio will be lower than that of a sector-specific fundand higher than that of a typical diversified fund. As the

scheme will invest primarily in entertainment space,performance could be impacted by factors such as adramatic slowdown in consumer spend, high taxes, ifany, imposed by the government and changes inregulatory environment, to name a few. As the schememay take concentrated exposures the NAV volatility willbe higher than that of a typical diversified equityscheme Tax-free status for long-term capital gains anddividend will depend on the fund investing at least 65%in equity to qualify in accordance with provisions of theIncome-Tax Act. If and to the extent, the portfolioincludes overseas stocks, investors will be exposed tocountry risk, currency risk, geo-political risk, legalrestrictions and regulation changes in geography otherthan India. As a thematic fund, there is risk ofconcentration. Sundaram BNP Paribas SelectThematic Funds PSU Opportunities: Geo-politicaldevelopments. As the schemes will invest in theinstruments of public sector companies, it will beaffected by the government policies on PSU. As athematic fund, there will be concentration riskcompared to a diversified fund. For any overseasinvestments in the equity funds, country risk, currencyrisk and geopolitical risk, to name a few. The Schememay use techniques such as interest rate swaps, optionson interest rates, futures and forward rate agreement andother derivative instruments that are / may be permittedunder SEBI/RBI Regulation. These techniques andinstruments, if imperfectly used, have the risk of theScheme incurring losses due to mismatches, particularlyin a volatile market. Sundaram BNP Paribas GlobalAdvantage: Currency risk, country risk, geo-politicalrisk and emerging markets risk. Sundaram BNPParibas Money Fund: Sundaram BNP Paribas MoneyFund is a Money Market Scheme. Changes in theprevailing rates of interest are likely to affect the valueof the scheme's holdings and consequently the value ofthe scheme's Units. The scheme may use derivativeinstruments like Interest Rate Swaps, Forward RateAgreements or other derivative instruments for thepurpose of hedging and portfolio balancing and trading,as permitted under the Regulations and guidelines.Usage of derivatives will expose the plans to certainrisks inherent to such derivatives. Sundaram BNPParibas Ultra Short-Term Fund: Sundaram BNPParibas Ultra Short-Term Fund is not a Money MarketScheme. Changes in the prevailing rates of interest arelikely to affect the value of the scheme's holdings andconsequently the value of the scheme's Units. Thescheme may use derivative instruments like InterestRate Swaps, Forward Rate Agreements or otherderivative instruments for the purpose of hedging andportfolio balancing and trading, as permitted under theRegulations and guidelines. Usage of derivatives willexpose the plans to certain risks inherent to suchderivatives. Sundaram BNP Paribas Bond Saver:Changes in the prevailing rates of interest are likely toaffect the value of the scheme’s holdings andconsequently the value of the scheme’s Units. CreditRisk: Credit Risk refers to the risk of default in interest(coupon) payment and /or principal repayment. All debtinstruments except those issued by the Government ofIndia carry this risk. Price Risk: As long as the Schemewill be invested, its Net Asset Value (NAV) is exposedto market fluctuations, and its value can go up as well asdown. The portfolio of fixed-income securities that theScheme invests in would be exposed to price changes ona day-to-day basis. These price changes may occur dueto instrument-specific factors as well as generalmacroeconomic conditions. In general, price of fixed-income securities go up when interest rates fall, and viceversa. Market Risk: The Scheme may also be subject toprice volatility due to such factors as interest sensitivity,market perception or the creditworthiness of the issuerand general market liquidity. Risk associated withsecuritised debt is similar to the listed factors. General Risk Factors: All mutual funds andsecurities investments are subject to market risks,

and there can be no assurance or guarantee thatfund's objectives will be achieved. NAV may go up ordown, depending on the factors and forces affectingthe securities market. Main types are market risk,liquidity risk, credit risk and systemic risks. At times,liquidity of investments may be impaired. There isuncertainty of dividend distribution and risk of capitalloss. Past performance of the Sponsor/AssetManagement Company/Fund does not indicate thefuture performance. Investors in the schemes are notbeing offered any guaranteed or indicated returns. Thenames of the schemes do not in any manner indicateeither quality or future prospects and returns.General Disclaimer: This document is issued bySundaram BNP Paribas Asset Management, aninvestment manager registered with the Securities andExchange Board of India in India and is produced forinformation purposes only. It is not a prospectus orscheme information document offer document or anoffer or solicitation to buy any securities or otherinvestment or Scheme Information Document, Information and opinion contained in this document arepublished for the assistance of the recipient only; theyare not to be relied upon as authoritative or taken as asubstitution for exercise of judgment by any recipient.They are subject to change without any notice and notintended to provide the sole basis of any evaluation ofthe instrument discussed or offer to buy. It is neither asolicitation to sell nor shall it form the basis of or berelied upon in connection with any contract orcommitment whatsoever or be taken as investmentadvice.The information and opinions contained in thiscommunication have been obtained from sources thatSundaram BNP Paribas Asset Management believes tobe reliable; no representation or warranty, express orimplied, is made that such information is accurate orcomplete and it should not be relied upon as such.Sundaram BNP Paribas Asset Management neitherguarantees its accuracy and/or completeness nor does itguarantee to update the information from time to time. This communication is for private circulation only andfor the exclusive and confidential use of the intendedrecipient(s) only. Any other distribution, use orreproduction of this communication in its entirety orany part thereof is unauthorized and strictly prohibited.By accepting this document you agree to be bound bythe foregoing limitations. This communication is for general information onlywithout regard to specific objectives, financial situationsand needs of any particular person who may receive itand Sundaram BNP Paribas Asset Management is notsoliciting any action based on this document. Sundaram BNP Paribas Asset Management in thedischarge of its functions, may use any of the datapresented in this document for its decision-makingpurpose and is not bound to disclose the same. Copiesof the Statement of Additional Information, SchemeInformation Document and application form with KeyInformation Memorandum may be obtained from theoffices of Sundaram BNP Paribas Mutual offices and itsauthorized distributors or downloaded fromwww.sundarambnpparibas.in. For scheme specificrisk factors, asset allocation, load structure, fund factsand taxation aspects please refer the Statement ofAdditional Information and Scheme InformationDocument available online and at branches/InvestorService Centres,Statutory: Mutual Fund: Sundaram BNP ParibasMutual Fund is a trust under Indian Trusts Act, 1882Sponsors (Liability is limited to Rs 1 lakh): SundaramFinance Ltd & BNP Paribas Asset Management.Investment Manager: Sundaram BNP Paribas AssetManagement Company Ltd. Trustee: Sundaram BNPParibas Trustee Company Ltd.


Past performance may or may not be sustained in the future; NAV, performance & AUM as on July 31, 2010. NAV of Super Institutional Plan - Growthoption is considered for computing the annualised returns of Sundaram BNP Paribas Ultra Short Term Fund and Sundaram BNP Paribas Money Fund. Forother funds returns are based on the NAV of Regular Plan Growth Option. Returns are in %. Returns for more one year are computed on compoundedannualised basis for all funds except Sundaram BNP Paribas Money Fund. For schemes which are in existence for less than one year and returns for periodsof less than one year, performance is indicated on an absolute basis. Relevant benchmarks highlighted in italics. Designated benchmark for FTP schemes,Fixed Income Interval Fund Quaterly series schemes, Capital Portection Oriennted Schemes, Income Plus and Gilt Fund are CRISIL Short Term Bond FundIndex, CRISIL Liquid Fund Index, CRISIL MIP Blended Fund Index, CRISIL Composite Bond Fund Inded and I-Sec MIBEX respectively.

Track Record Balanced/Liquid/Fixed-Income Funds

Fund / Index Launch Period One Year Three Years Five Years Since Launch

Sundaram BNP Paribas Balanced Fund Jun-00 20.5 8.8 16.6 16.6

CRISIL Balanced Fund Index 12.2 7.6 14.4 —

S&P CNX 500 18.9 5.7 17.1 17.0

Sundaram BNP Paribas Money Fund Mar-2000 4.29 6.73 — 6.86

CRISIL Liquid Fund Index 3.53 6.09 — 6.33

Sundaram BNP Paribas Ultra Short term Fund Apr-2007 4.80 7.20 — 7.38

CRISIL Liquid Fund Index 3.53 6.09 — 6.28

Flexible Fund - Short Term Plan Mar-2009 5.19 — — 6.58

CRISIL Short-Term Bond Fund Index 4.43 — — 5.43

Flexible Fund - Flexible Income Plan Mar-2009 4.78 — — 5.21

CRISIL Composite Bond Fund Index 4.60 — — 5.16

Sundaram BNP Paribas Bond Saver Dec-1997 2.94 5.99 5.16 8.44

CRISIL Composite Bond Fund Index 4.60 6.15 5.55 -

Sundaram BNP Paribas Monthly Income Plan-Conservative Plan Mar-2010 — — — 1.60

CRISIL MIP Blended Index — — — 2.88

Sundaram BNP Paribas Monthly Income Plan-Moderate Plan Jan-2004 7.05 4.99 6.32 6.66

CRISIL MIP Blended Index 6.43 6.95 8.04 7.08

Sundaram BNP Paribas Monthly Income Plan-Aggressive Plan Mar-2010 — — — 2.18

CRISIL MIP Blended Index — — — 2.88

Fund Launch Fund Benchmark Fund Launch Fund BenchmarkSundaram BNP Paribas Fixed-Term Plans + Other Fixed-Income Funds

FTP PLAN P - 367 days Sep-09 7.22 4.82

FTP PLAN R - 367 days Dec-09 6.68 4.55

FTP PLAN S - 367 days Feb-10 6.63 4.95

FTP PLAN U - 367 days Mar-10 5.64 4.29

FTP PLAN AA - 14 Months Mar-10 1.50 4.39

FTP PLAN Z - 15 Months Mar-10 6.39 4.46

FTP PLAN Y - 18 months Feb-10 6.89 4.90

Gilt Fund May-01 4.57 —

Income Plus Jul-02 4.85 5.71

Select Debt - Short Term Plan Sep-02 5.58 5.57

Fixed Income Interval Fund - Quarterly Series - Plan A Sep-07 6.48 6.13

Fixed Income Interval Fund - Quarterly Series - Plan B Sep-07 7.02 6.12

Fixed Income Interval Fund - Quarterly Series - Plan C Nov-07 6.03 6.14

Fixed Income Interval Fund - Quarterly Series - Plan D Jul-08 8.79 5.73

Fixed Income Interval Fund - Quarterly Series - Plan E Aug-08 5.33 5.56

Capital Protection Oriented Scheme - 3 years Series 1 Aug-07 9.02 7.69

Capital Protection Oriented Scheme - 5 years Series 1 Aug-07 6.49 7.69

Assets Under Management (end of month): Rs 12,602 crore / $ 2.71 billion Assets Under Management (Average): Rs 12,592 crore / $ 2.71 billion


K. Ramkumar is the Head-Fixed Income. He is a science graduate from Madras Universityand a Cost Accountant. He is a Certified Associate of Indian Institute of Bankers and hasdone Diploma in Business Finance from the ICFAI, Hyderabad. He has over 15 yearsexperience in the Mutual Fund Industry. His prior experience includes 12 years with UTIMutual Fund and 4 years with SBI Funds Management.

Ramkumar manages Bond Saver and Monthly Income Plan. He was also the Co-FundManager for Ultra Short-Term Fund, Flexible Fund – Short-Term Plan, Flexible Fund –Flexible Income Plan & Fixed Term Plans and he is also the fund manager for theseschemes from May 26, 2010.

With effect from July 20, 2010 Dwijendra Srivatsava has taken over as Head-Fixed Income and going forward will manage these funds.

Satish Ramanathan, a CFA Charter Holder, is the Head-Equities. He is a graduate from IIT-Madras who has specialised in Finance & MIS in his MBA. He has extensive experience inthe asset management business with stints in Research division of Sundaram AMC andmanaging funds for Franklin Templeton. He has been involved in equity research for morethan a decade and brings expertise in tracking several key sectors in the Indian economy.

Satish Ramanathan manages Select Mid Cap, Tax Saver, Select Small Cap, EquityMultiplier, Entertainment Opportunities and Balanced Fund.

Srividhya Rajesh, a CFA Charter Holder, focuses on the equity markets. She is also amanagement graduate from BITS Pilani and has done specialized courses in equity researchand financial applications from ICFAI, Hyderabad. She has been with us from the time thefund house started operations in 1996. A two-year stint at the broking arm Kotak Mahindraopened a window to the equity markets.

Srividhya Rajesh manages Select Focus and Capex Opportunities.

J Venkatesan, a Cost Accountant and a Post-Graduate in Commerce, has an experience ofmore than two decades in the banking and asset management businesses. A seven-year stintat Canara Bank was followed by a shift to the asset management industry through CanbankMutual Fund. With a rich experience of close to ten years in fund management, he joinedSundaram BNP Paribas Asset Management in January 2006.

Venkatesan is the Fund Manager for the Rural India Fund, Growth Fund, India LeadershipFund and Financial Services Opportunities

S Krishnakumar is an engineer from REC (now National Institute of Technology), Trichy, hedid an MBA from LIBA, Chennai. He has worked for 18 years of which the latest elevenyears relate to the equity markets. Before joining our fund house, he was Vice President(Research) at Anush Shares & Securities.

Krishnakumar is the Fund Manager for the S.M.I.L.E Fund and Energy Opportunities

Fund Managers

S Bharath is the dedicated fund manager for investments in overseas securities

Design and layout by Spark Creations - 45510041

Sundaram BNP Paribas Mutual Fundwww.sundarambnpparibas.in

Since Inception 96,000 2,77,652 2,21,769 25.8Last 7 years 84,000 1,80,903 1,58,338 21.5Last 5 years 60,000 87,899 84,388 15.3Last 3 years 36,000 44,121 44,779 13.7Last 2 years 24,000 31,242 31,849 27.7Last 1 year 12,000 12,926 12,915 14.7

Past performance may or may not be sustained in future. Return/investment value are as of July 31,2010. Effective compounded annual return of a constant amount SIP every month in percentage arecomputed using NAV of Growth Option. Investment and value for the fund and benchmark are in rupees.

Effective compounded annual return of SIP since launch: 25.8%

Investment Fund Benchmark Returns (%)Period

Systematic Investment Plan: Performance of Rs 1000-a-month SIP

Sundaram BNP ParibasSelect Focus



Investment Fund Benchmark CNX 500 Returns (%)Period Sundaram BNP ParibasCapex Opportunities

Since Inception 96,000 4,11,298 2,55,137 35.3Last 7 years 84,000 2,43,489 1,65,287 30.0Last 5 years 60,000 1,04,996 85,987 22.6Last 3 years 36,000 55,476 50,027 30.3Last 2 years 24,000 39,433 37,595 56.4Last 1 year 12,000 13,954 13,757 31.7



Investment Fund Benchmark Returns (%)PeriodSundaram BNP ParibasSelect Mid Cap



Investment Fund Benchmark Returns (%)PeriodSundaram BNP ParibasS.M.I.L.E Fund

An open-end equity scheme




Since Inception 65,000 1,22,043 1,13,061 23.4

Last 5 years 60,000 1,05,948 99,022 23.0

Last 3 years 36,000 55,246 53,738 29.9

Last 2 years 24,000 38,771 38,806 54.2

Last 1 year 12,000 13,650 14,188 26.6

Since Inception 58,000 87,364 88,323 80,958 17.0

Last 3 years 36,000 47,774 46,327 46,356 19.3

Last 2 years 24,000 35,131 34,360 33,310 41.6

Last 1 year 12,000 13,164 12,945 13,007 18.6

SIP performance of each open-end equity fund is also available in the respective fund pages. For fund facts and risk factors refer page 28 & 29

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