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www.sundarambnpparibas.in Sundaram BNP Paribas Mutual Fund

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Fact Sheet for June 2010

www.sundarambnpparibas.in Sundaram BNP Paribas Mutual Fundwww.sundarambnpparibas.in Page 2June 30, 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 June 30, 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 29.0 6.4 19.6 20.7BSE 200 27.2 7.6 19.5 14.8S&P CNX 500 27.4 6.8 18.3 —Sundaram BNP Paribas Select Focus Jul-02 24.9 9.7 24.0 31.0S&P CNX Nifty 23.8 7.1 19.0 24.1S&P CNX 500 27.4 6.8 18.3 26.0Sundaram BNP Paribas Select Mid Cap Jul-02 46.2 12.5 28.1 39.8BSE Mid Cap 40.8 3.1 16.6 28.7S&P CNX 500 27.4 6.8 18.3 26.0Sundaram BNP Paribas India Leadership Jul-04 31.0 8.1 21.6 25.7S&P CNX Nifty 23.8 7.1 19.0 23.0S&P CNX 500 27.4 6.8 18.3 23.1Sundaram BNP Paribas S.M.I.L.E Fund Feb-05 45.2 17.2 23.7 24.5CNX Mid Cap 49.8 10.8 21.6 20.6S&P CNX 500 27.4 6.8 18.3 18.0Sundaram BNP Paribas Equity Multiplier Feb-07 28.8 7.9 — 9.6CNX Mid Cap 49.8 10.8 — 15.3S&P CNX 500 27.4 6.8 — 9.9Sundaram BNP Paribas Select Small Cap Feb-07 58.9 6.6 — 7.8BSE Small Cap 58.0 5.5 — 7.3S&P CNX 500 27.4 6.8 — 8.9Sundaram BNP Paribas Tax Saver Nov-99 28.0 13.0 24.2 22.2BSE 200 27.2 7.6 19.5 15.0S&P CNX 500 27.4 6.8 18.3 14.9Sundaram BNP Paribas Capex Opportunities Sep-05 27.5 7.8 — 21.3BSE Capital Goods 14.9 6.1 — 25.8S&P CNX 500 27.4 6.8 — 14.9Sundaram BNP Paribas Rural India May-06 35.6 4.9 — 8.9BSE 500 29.1 7.0 — 9.2S&P CNX 500 27.4 6.8 — 8.7Sundaram BNP Paribas Energy Opportunities Jan-08 17.7 — — -6.7BSE Oil & Gas 15.8 — — -7.7S&P CNX 500 27.4 — — -7.6Sundaram BNP Paribas Financial Opportunities Jun-08 31.7 — — 30.9CNX Banks 29.0 — — 26.8S&P CNX 500 27.4 — — 11.0Sundaram BNP Paribas Entertainment Opportunities Jun-08 28.3 — — 24.0CNX Media 56.6 — — 1.2S&P CNX 500 27.4 — — 9.4Sundaram BNP Paribas PSU Opportunities Jan-10 — — — 3.8CNX PSE — — — -6.0S&P CNX 500 — — — -0.3

Assets Under Management (end of month): Rs 12,619 crore / $ 2.71 billion Assets Under Management (Average): Rs 12,717 crore / $ 2.73 billion

Disclosures: Page 28 & 29

Fund / Index


Outlook

Equity: Markets appear to be moving in a band across the world and investors are still jittery aboutgrowth prospects, especially in the developed world. The key issues remain the same as highlightedover the past several months – high government debt, low savings, and most importantly, an ageing

workforce.

On the other hand, developing countries have the issues of low investment, low infrastructure and an

extremely young workforce in countries such as India and Vietnam.

We have witnessed an extreme risk aversion amongst investors in India and globally. As a result

defensive sectors have outperformed and the accent has been on companies who have large cash flows and need limited access to

capital. So we have a paradoxical situation of the world saving and investing in companies who don’t need money!

This will accentuate as risk aversion increases with passing volatility and sets the foundation for a more bipolar world of haves and

have-nots. We think that this will continue to aggravate till the consumption story also slows down.

When that happens investors are going to ask themselves about the valuations of these companies. Many defensive companies trade

25x 1 year forward earnings and are easily being justified on the basis of secular growth.

FII inflows on YTD basis in 2010 has been close to $6.7bln and is coming in trickles. The sentiment overseas has been positive on

India, which is the reason that India remains the top performing country on a YTD basis with a meager positive return of 1.5%.

Insurance flows have also been strong both on an annual basis and on an incremental basis, but could slow down due to recent

changes in regulations. A supply of equity issuances both primary and secondary sale by the government could cap returns in the

short term, but this is required over the medium term.

The main question that is a billion dollar question – Is India the next China? That appears difficult when looking at a fragmented

political system with multiple interests. Yet the stage is being set surely and slowly by a few wise people at the helm amid a lot of

bickering to steer India to the path of sustainable growth.

Will we rise to the challenge – time will tell, but there are events that are making us believe so. What are these events? A slowdown

in global economy, a surplus savings pool across the world, attractive demographics, an under-penetrated economy and last but not

the least a lot of skepticism and cynicism.

No one would have predicted that China would over take the US in car sales 10 years ago, and similarly no one could have

predicted our mobile telephony revolution. Economic growth may be linear, but opportunities are not and one has to be prepared

for this and grab the opportunity with both hands and run. There may be periods of turmoil and loss of confidence. That would be

a time to invest and not succumb. (Satish Ramanathan, Head - Equity)

Bonds: Higher than anticipated amounts received through the telecom auctions augur well for lowerfiscal deficit and in turn lower borrowing programme in India. The fuel price deregulation, higher current inflation, better credit growth, lower deposit growth and

higher industrial growth all point towards an imminent rate hike in the Monetary Policy review in July.

The short-term trends indicate an upward movement in yields.

However, the second half of the fiscal FY11 looks quite optimistic for the bond markets with lower G-

sec supplies, lower trending inflation, absence of base effect on the industrial data and the likelihood that

most rate hikes would have happened by then. (K Ramkumar, Head – Fixed Income)


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

Mahindra & MahindraRanbaxyPower TradingMphasiS BFLZee Entertainment

Reliance Industries H D F CHDFC Bank T C SB H E L

Sector Profile (%)

Financial Services16.7

Pharma13.9

Energy-Oil & Gas9.3

Auto8.3

IT7.9

Industrials6.2

Cash1.7

Other28.7

Service7.3

PortfolioSecurity Weight %

Portfolio Stance: The equity exposure in theportfolio has been raised to about 98% (anincrease of 7 percentage points). The equityportfolio, as always, maintains a well-diversified stance with single-stock exposureat the time of buying a stock capped at 5%.The exposure to mid-cap space stays at anenhanced level, but the portfolio retains itslarge-cap tilt in line with fund positioning.Top sectors by allocation (not necessarilypreference) are financial services, pharma(with increased allocation as compared tolast month) and oil & gas. Pharmaceuticals isthe most active exposure at the end of lastmonth with an overweight of 9 percentagepoints relative to the benchmark. Withinsectors, the preference is for defensive andhigh visibility options such as pharma, autoand IT.

Infosys 4.5Larsen & Toubro 3.9M & M 3.9Reliance Industries 3.4ICICI Bank 2.9Tata Motors 2.9Ranbaxy 2.9Dr Reddy's Labs 2.7Zee Entertainment 2.5Power Trading 2.5O N G C 2.5MphasiS BFL 2.5Lupin 2.4United Spirits 2.4Axis Bank 2.3IVRCL Infra 2.3Siemens India 2.3United Phosphorus 2.3I D F C 2.3Bank of India 2.2Cairn India 2.2State Bank of India 2.1Cipla 2.1Glenmark Pharma 2.1ITC 2.1Jindal Steel 2.0Jet Airways 2.0Indian Hotels 2.0P N B 2.0JSW Energy 1.9Unitech 1.8Bharti Airtel 1.8Jaiprakash Associates 1.8Dish TV 1.8Orchid Chemicals 1.7Kotak Mahindra Bank 1.6Bajaj Auto 1.5Adani Power 1.5G E Shipping 1.4Yes Bank 1.3B P C L 1.2G S F C 1.2Sterlite Industries 1.1HCL Technologies 1.0Gujarat NRE Coke 0.8Gammon India 0.8

Equity 98.3Derivatives —Debt —Cash/Others 1.7

Number of Stocks 46Weighted Average Market Cap: Rs 57,317 croreMedian Market Cap: Rs 24,235 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 161 crore NAV (Growth): Rs 87.4065 NAV (Dividend): Rs 11.6729

Turnover (%) 187

Relative performance for Rs 100 invested at launch

Fund: Rs 1,202 Benchmark: Rs 618

0200400600800

10001200140016001800

Apr-97 Jun-10

FundBenchmark

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

Positioning: Diversified Large-Cap Fund

Period Fund Benchmark Fund Benchmark % pointsSince Inception 1101.8 517.7 20.7 14.8 5.9Last 10 years 486.3 336.5 19.3 15.9 3.5Last 7 years 486.5 397.3 28.7 25.7 3.0Last 5 years 144.5 143.5 19.6 19.5 0.1Last 3 years 20.5 24.6 6.4 7.6 -1.2Last 2 years 21.7 36.7 10.3 16.9 -6.6Last 1 year 29.0 27.2 29.0 27.2 1.7

Past performance may or may not be sustained in future. Return/investment valueare as of June 30, 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 (Based on returns)

Alpha 5.69Correlation 0.95

Tracking Error 8.98Information Ratio 0.51

Period Investment Fund Benchmark

Since Inception Returns 22.4% 18.5%Since Inception Value 1,58,000 7,99,733 5,94,896Last 10 years 1,20,000 4,28,021 3,75,449Last 7 years 84,000 1,66,081 1,64,928Last 5 years 60,000 82,902 87,280Last 3 years 36,000 43,923 46,295Last 2 years 24,000 31,975 33,544Last 1 year 12,000 13,003 13,159

Fund BenchmarkAverage Annual Mean 23.02 18.48Standard Deviation 28.22 30.11Beta 0.89 1.00Sharpe Ratio 0.54 0.36Sortino Ratio 0.78 0.52Treynors Index 17.18 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


Adani PowerCairn IndiaCanara Bank IndusInd BankMphasiS BFL

Infosys Technologies Reliance Industries ICICI BankLarsen & Toubro HDFC Bank

Sector Profile (%)


Energy-Oil & Gas12.6

Energy-Utilities11.0

Auto5.6

Cash4.8

Pharma6.2

5.7

IT9.6

Consumer Goods

Others15.9


Portfolio Stance: The portfolio retains itsmulti-cap profile with a large-cap tilt in linewith its positioning. Allocation to equity is atabout 95% and has been raised by about fourpercentage points in June. The weightedaverage-market cap confirms the large-caporientation while the median market capindicates the addition of a dash of mid- andsmall-cap stocks to the portfolio of the fund.Exposure to mid- and small-cap stocks stayat relatively higher levels than is usual, inview of the favourable valuationdifferentials. Top sectors in terms ofallocation stay financial services, oil & gasand utilities, which collectively account forabout 53% of the portfolio. We continue toown the energy/utilities space by spreadingthe exposure across several stocks.

Cairn India 4.8Adani Power 4.6Axis Bank 4.3Canara Bank 4.0T C S 3.8IndusInd Bank 3.6Reliance Industries 3.5Reliance Infrastructure 3.4MphasiS BFL 3.3H D F C 3.3ITC 3.3Ranbaxy 3.2State Bank of India 3.0Tata Motors (Class A) 3.0GSK Pharma 3.0R E C 2.5Satyam Computers 2.5Tata Tea 2.4Kingfisher Airlines 2.2Zee Entertainment 2.2CESC 2.2IndiaInfoline 2.2Sterlite Industries 2.1Indraprastha Gas 2.0Tata Power 1.7Yes Bank 1.7Bajaj FinServ 1.6I D F C 1.6Maruti 1.5Dish TV 1.5StanChart IDR 1.4KSK Energy 1.2Gammon India 1.2Hero Honda 1.1Larsen & Toubro 1.1O N G C 1.0JSW Energy 1.0Shriram Transport 1.0Bharti Airtel 0.9Union Bank 0.8Chambal Fertilisers 0.4Bajaj Auto Finance 0.3Power Finance Corp 0.1

Equity 95.2Derivatives —Debt 0.7Cash/Others 4.1


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 27.9% 20.6%Since Inception Value 1,27,000 6,16,012 4,03,087Last 10 years 1,20,000 5,64,191 3,75,469Last 7 years 84,000 2,07,056 1,64,948Last 5 years 60,000 92,098 87,299Last 3 years 36,000 46,224 46,315Last 2 years 24,000 32,011 33,563Last 1 year 12,000 12,823 13,178

Past performance may or may not be sustained in future. Return/investment valueare as of June 30, 2010 are computed using an adjusted series of NAV for dividendsdeclared before separate Dividend and Growth Options were introduced in May 2005.Returns are on a compounded annual basis. SIP values are in rupees.


Turnover (%) 197


Fund: Rs 841 Benchmark: Rs 440

0

200

400

600

800

1000

1200

Nov-99 Jun-10

FundBenchmark

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

Period Fund Benchmark Fund Benchmark % pointsSince Inception 741.0 340.2 22.2 15.0 7.2Last 10 years 685.9 336.5 22.9 15.9 7.0Last 7 years 703.2 397.3 34.6 25.7 8.9Last 5 years 195.2 143.5 24.2 19.5 4.7Last 3 years 44.3 24.6 13.0 7.6 5.4Last 2 years 40.8 36.7 18.7 16.9 1.7Last 1 year 28.0 27.2 28.0 27.2 0.7






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


Dr Reddy's LabsTata TeaBajaj AutoSun TVCairn India

Reliance Industries HDFC Bank B H E LInfosys Technologies Larsen & Toubro

Sector Profile (%)


Auto15.6


IT10.3

9.2

Cash3.3

Consumer Goods

Pharma5.4

Industrial5.8

Other15.3


Portfolio Stance: Sundaram BNP Paribas

Select Focus is about to complete eight years

as a dedicated large-cap fund. The large-cap

tilt has been an integral feature since launch

in July 2002, providing comfort of style

integrity to investors. The style integrity and

track record makes the fund an appropriate

vehicle for defined asset allocation decision

by investors. The fund has delivered excess

returns that is more than adequately

compensates for the higher risks inherent in

the style. This concentrated large-cap

strategy has raised equity exposure by six

percentage points in May, The top three

sector exposures by allocation – financial

services, auto and oil & gas - account for

about 50% of the assets.

Reliance Industries 6.7

Infosys 6.2

ICICI Bank 6.2

Dr Reddy's Labs 5.4

Axis Bank 4.5

ITC 4.2

Larsen & Toubro 4.1

State Bank of India 4.1

T C S 4.0

Tata Tea 4.0

Bajaj Auto 3.6

Cairn India 3.5

Sun TV 3.2

M & M 3.2

Maruti 3.1

H D F C 3.1

Sterlite Industries 2.9

Tata Motors (Class A) 2.7

Indian Hotels 2.6

Lanco Infratech 2.6

StanChart IDR 2.0

O N G C 1.9

Tata Power 1.8

TVS Motors 1.8

Siemens India 1.7

H D F C (Warrants) 1.6

Bajaj FinServ 1.4

Ashok Leyland 1.2

Grasim 1.1

Titan Industries 1.1

Sobha Developers 1.0

Equity 96.6

Derivatives —

Debt 1.3

Cash/Others 2.1


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 25.5% 20.5%Since Inception Value 95,000 2,68,982 2,18,481Last 7 years 84,000 1,81,491 1,60,399Last 5 years 60,000 87,378 84,912Last 3 years 36,000 43,212 44,538Last 2 years 24,000 30,630 31,874Last 1 year 12,000 12,791 12,995


Fund Size: Rs 1,148 crore NAV (Growth): Rs 84.8157 NAV (Dividend): Rs 10.9875

Turnover (%) 288


Fund: Rs 848 Benchmark: Rs 553 S&P CNX 500: Rs 625

0

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400

600

800

1000

1200

Jul-02 Jun-10

FundBenchmarkS&P CNX 500


Positioning: Concentrated Large-Cap Fund

Period Fund Benchmark Fund Benchmark % pointsSince Inception 748.2 453.0 31.0 24.1 6.9Last 7 years 557.5 368.4 30.8 24.7 6.2Last 5 years 193.7 139.2 24.0 19.0 5.0Last 3 years 32.1 23.0 9.7 7.1 2.6Last 2 years 23.0 31.5 10.9 14.7 -3.8Last 1 year 24.9 23.8 24.9 23.8 1.1

Past performance may or may not be sustained in future. Returns/investment valueare as of June 30, 2010. Returns are on a compounded annual basis and computedusing NAV of Growth Option. SIP values are in rupees. Performance Analysis onannualised basis using month-end NAVs since launch.






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 LabsMphasiS BFLRural Electrification CorpCoromandel FertilizersIndraprastha Gas

Tata ChemicalsCummins IndiaJain Irrigation SystemsColgate-PalmolivePiramal Healthcare

Sector Profile (%)


Consumer Goods14.6

Fertilisers & Chemicals12.4

Cash2.2

Auto Ancillaries

Industrials4.9

Pharma10.15.2

IT5.0

Others24.3


Portfolio Stance: Sundaram BNP ParibasSelect Mid Cap is about to complete eightyears as a dedicated mid-cap fund. Theweighted-average market cap and medianmarket cap, as always, well below – on anaverage lower by 60%-70% since launch ascompared to the permitted threshold -indicating the genuine and complete mid-caporientation of the fund. This style integrity,which has been maintained since launch in2002, and the track record places the fund asan appropriate vehicle for defined assetallocation decision by investors. The fundhas raised equity allocation by about eightpercentage points in the past month to about98%. Top sectors by allocation are financialservices, consumer goods and fertilizers &chemicals, which account for about 48%.

IPCA Labs 4.5LIC Housing 3.6Indraprastha Gas 3.5Aurobindo Pharma 3.3IndusInd Bank 3.3MphasiS BFL 3.3R E C 3.3Coromandel Fert 3.3Trent 3.3United Phosphorus 3.1Tata Tea 3.0Canara Bank 3.0M & M Financial 2.9SRF 2.5United Spirits 2.5Gujarat Alkalies 2.4Dish TV 2.3Dr Reddy's Labs 2.3Bosch Limited 2.2Siemens India 2.1Videocon Industries 2.0Escorts 1.9Bajaj FinServ 1.9Maha Seamless 1.9FAG Bearings 1.8Bank of India 1.8Madhucon Projects 1.7Max India 1.7Sterlite Optical 1.7Satyam Computers 1.7Indian Hotels 1.7Spicejet 1.6Simplex Infrastructure 1.4Monnet Ispat 1.3ING Vysya Bank 1.2I D F C 1.1Dabur India 1.1Shriram Transport 1.0Yes Bank 1.0Exide 0.9E.I.D Parry 0.9Kirloskar Electric 0.8Alok Industries 0.8Himadri Chemicals 0.7Lanco Infratech 0.6Gammon India 0.6Mercator Lines 0.6IVRCL Infra 0.6Gateway Distriparks 0.5Chambal Fertilisers 0.4IndiaInfoline 0.3Rico Auto 0.3Grasim 0.2Central Bank of India 0.2TVS Motors 0.2Voltas 0.1

Equity 97.8Derivatives —Debt 2.9Cash/Others -0.6



Benchmark BSE Mid-Cap Index


Since Inception Returns 35.0% 23.3%Since Inception Value 95,000 3,94,511 2,45,223Last 7 years 84,000 2,43,790 1,64,027Last 5 years 60,000 1,03,366 84,111Last 3 years 36,000 53,760 48,372Last 2 years 24,000 38,593 36,669Last 1 year 12,000 13,866 13,667

Fund Size: Rs 2,185 crore NAV (Growth): Rs 141.8466 NAV (Dividend): Rs 17.7254

Turnover (%) 121


Fund: Rs 1,418 Benchmark: Rs 738 S&P CNX 500: Rs 625

0200400600800

10001200140016001800

Jul-02 Jun-10


Positioning: Pure Mid-Cap Fund






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

Since Inception 1318.5 638.1 39.8 28.7 11.1Last 7 years 975.3 458.5 40.4 27.8 12.5Last 5 years 245.3 116.0 28.1 16.6 11.5Last 3 years 42.6 9.5 12.5 3.1 9.5Last 2 years 62.5 32.7 27.5 15.2 12.3Last 1 year 46.2 40.8 46.2 40.8 5.4


Sundaram BNP Paribas India Leadership Fund


ServicesAutoMedia & Entertainment

ITFinancial ServicesEnergy - Oil & Gas


Bajaj AutoZee EntertainmentIndian HotelsUnited SpiritsDr Reddy's Labs

Reliance Industries Infosys Technologies ICICI BankH D F CBharti Airtel

Sector Profile (%)


Auto11.7


Industrials9.5Services

9.38.6

IT8.5

Cash2.8

ConsumerGoods

Others24.9


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 about 97%, an increase oftwo percentage points as compared to theend-May status. The portfolio continues tomaintain more deviant sector bets ascompared to the benchmark, S&P CNXNifty even in index- heavy-weights such asenergy/utilities, energy/oil & gas andfinancial services as well as in IT, metals andengineering. Top sector exposures byallocation are financial services, auto and oil& gas, which account for about 35% of theportfolio. Auto is the most active positiveexposure relative to the benchmark at endMay and IT, the most negative relative to thebenchmark.

H D F C 1.8T C S 4.5Larsen & Toubro 4.3Infosys 4.0Reliance Industries 3.9Bajaj Auto 3.7ITC 3.7M & M 3.4Axis Bank 3.3O N G C 3.2Zee Entertainment 3.1Indian Hotels 3.1United Spirits 3.1Tata Motors 3.0B H E L 2.9Dr Reddy's Labs 2.9State Bank of India 2.8Cairn India 2.7Dish TV 2.6Jet Airways 2.5Ranbaxy 2.5HDFC Bank 2.3JSW Energy 2.2Sterlite Industries 2.2Siemens India 2.2United Phosphorus 2.2ICICI Bank 2.2Bharti Airtel 1.9Nestle India 1.8Unitech 1.8Jaiprakash Associates 1.8Maruti 1.6Tata Power 1.6Bank of Baroda 1.5G E Shipping 1.4Sesa Goa 1.3B P C L 1.2IVRCL Infra 1.1



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 17.7% 16.4%Since Inception Value 71,000 1,20,381 1,15,582Last 5 years 60,000 85,452 84,912Last 3 years 36,000 45,521 44,538Last 2 years 24,000 32,911 31,874Last 1 year 12,000 13,344 12,995



Turnover (%) 151



0

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200

300

400

500

600

Jul-04 Jun-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 294.4 245.5 25.7 23.0 2.7Last 5 years 166.1 139.2 21.6 19.0 2.6Last 3 years 26.3 23.0 8.1 7.1 0.9Last 2 years 28.7 31.5 13.4 14.7 -1.2Last 1 year 31.0 23.8 31.0 23.8 7.2







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 MotorsKotak Mahindra BankPolaris SoftwareCairn IndiaAshok Leyland

Asian Paints Crompton Greaves Shriram TransportExide IndustriesLIC Housing Finance

Sector Profile (%)


Auto11.9

Industrials11.8

Pharma11.7

9.5

Cash5.8

Energy-Oil & Gas

Energy-Utilities5.3

Metals5.7

Others25.2


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 94%, an increase of a

percentage point in June. 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 37

per cent of the assets.

TVS Motors 5.8Ashok Leyland 4.5Kotak Mahindra Bank 4.1Polaris Software 3.7Cairn India 3.3Lupin 3.2Reliance Industries 3.0Ranbaxy 2.6Lanco Infratech 2.5Zee Entertainment 2.3IVRCL Infra 2.2Hindustan Dorr 2.1Union Bank 1.9GVK Power 1.9Bharti Airtel 1.8Sterlite Industries 1.8Elgi Equipment 1.8Apar Industries 1.7O B C 1.7Kalpataru Power 1.6Unitech 1.6Divis Labs 1.5M & M 1.5G E Shipping 1.5Bajaj FinServ 1.5Maha Seamless 1.5United Spirits 1.5Kingfisher Airlines 1.4Orchid Chemicals 1.4Welspun Gujarat 1.3H P C L 1.3TajGVK Hotels 1.2Kirloskar Pneumatic 1.1Adhunik Metaliks 1.1McNally Bharat 1.1IndiaInfoline 1.1Petronet LNG 1.0Cipla 1.0B H E L 1.0Evronn Education 1.0Canara Bank 1.0Shasun Chemicals 1.0Arvind Mills 1.0Torrent Pharma 1.0Adani Power 0.9Automotive Axles 0.9StanChart IDR 0.8KSK Energy 0.8United Phosphorus 0.8Easun Reyrolle 0.8Sundaram Fasteners 0.8Havell's India 0.8Dish TV 0.8Karur Vysya Bank 0.7P R I C O L 0.7Nitin Fire 0.7Vascon Engineers 0.6Gammon India 0.5Lancor Holdings 0.5Federal-Mogul Goetze 0.2



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 22.3% 19.7%Since Inception Value 64,000 1,15,652 1,08,237Last 5 years 60,000 1,03,128 97,291Last 3 years 36,000 53,403 52,279Last 2 years 24,000 37,742 38,120Last 1 year 12,000 13,482 14,191


Turnover (%) 212



050

100150200250300350400

Feb-05 Jun-10



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

Period Fund Benchmark Fund Benchmark % pointsSince Inception 225.0 173.0 24.5 20.6 4.0Last 5 years 189.4 165.7 23.7 21.6 2.1Last 3 years 61.0 36.1 17.2 10.8 6.4Last 2 years 62.0 55.2 27.3 24.6 2.7Last 1 year 45.2 49.8 45.2 49.8 -4.6







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 PowerPolaris SoftwareReligare EnterprisesIndraprastha GasGlaxoSmithKline Pharma

Asian Paints Crompton GreavesLupinZee EntertainmentH P C L

Sector Profile (%)

Pharma18.6

FinancialServices

18.3

Energy - Utilities14.3

IT12.9


Consumer Goods6.4

Cash0.8Others

11.1

Auto6.9


Portfolio Stance: The portfolio of this go-

anywhere fund continues to be spread more

across the cap-curve with enhanced exposure

to the mid- and small-cap space. This is on

account of the valuation differentials. The

overall stance is, however, more defensive

than in recent months. The fund has a fully

invested status. Top sectors by allocation are

pharma, financial services, energy-utilities

and IT and pharma, which collectively

account for about 64% of the portfolio. There

has been a sizeable increase in the allocation

to pharma during the past month. The sector

exposure of about 25% in energy (oil & gas

and utilities) stays spread across several

stocks.

Adani Power 7.0

Polaris Software 6.3

Religare Enterprises 5.5

Indraprastha Gas 5.4

GSK Pharma 4.5

CESC 4.4

Dish TV 4.3

3-I Infotech Ltd 4.0

M & M 3.9

Cadila Healthcare 3.8

Tata Tea 3.7

Torrent Pharma 3.7

Biocon 3.5

Cairn India 3.4

IndiaInfoline 3.2

IndusInd Bank 3.1

Glenmark Pharma 3.0

Tata Motors (Class A) 3.0

Tata Power 2.9

Gammon India 2.7

Havell's India 2.6

Satyam Computers 2.6

Bajaj FinServ 2.5

Hindalco 2.1

Petronet LNG 2.1

I D F C 1.7

StanChart IDR 1.3

JSW Energy 1.1

Development Credit Bank 1.0

Sesa Goa 1.0

Equity 99.2

Derivatives —

Debt 1.2

Cash/Others -0.4



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 (%) 180



0

50

100

150

200

250

Feb-07 Jun-10


Positioning: Diversified Equity Fund



Alpha -4.28Correlation 0.92

Tracking Error 15.57Information Ratio -0.40



Since Inception 35.9 60.9 9.6 15.3 -5.7Last 3 years 25.5 36.1 7.9 10.8 -2.9Last 2 years 36.4 55.2 16.8 24.6 -7.8Last 1 year 28.8 49.8 28.8 49.8 -21.0


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 TVSNav Bharat VenturesAmara Raja BatteriesRallis India

EscortsCity Union BankDhanalakshmi BankSpiceJetTube Investments

Sector Profile (%)

Industrials18.6

Auto Ancillaries17.2

Fertilisers & Chemicals8.5


Metals5.2

Cash7.7

Services7.4

Others20.8

Auto7.1


Portfolio Stance: The portfolio stays at the

lower end of the band of about 40-50 stocks

with enhanced allocation to higher

conviction ideas. The top 10 stocks account

for 43% of the portfolio. The allocation to

equity is about 92%, an increase of about two

percentage points as compared to last month.

Top sectors in terms of allocation are

engineering, auto components and fertilizers

& chemicals accounting for about 45% of the

portfolio. The weighted-average market cap

and median market cap are significantly

lower as compared to the permitted threshold

of the 100th stock, indicating the true small-

cap orientation of the portfolio; this style

integrity has been maintained since launch.

TVS Motors 7.1Wabco TVS 6.6Rallis India 4.3Amara Raja Batteries 4.3Nav Bharat Ventures 3.9EssDee Aluminium 3.7Elgi Equipment 3.4Polaris Software 3.4Sundaram Clayton 3.1J Kumar Infra 3.0Sun Advanced Research2.9Magma Fincorp 2.7Praj Industries 2.7Havell's India 2.6ING Vysya Bank 2.5Vascon Engineers 2.5Bata India 2.4Time Technoplast 2.2Apar Industries 2.2Orchid Chemicals 2.2Ceat 2.1Hindustan Dorr 2.0Nagarjuna Fertilisers 1.9Cox & Kings 1.9Kingfisher Airlines 1.8Suprajit Engineering 1.8J K Cements 1.7Lancor Holdings 1.5PSL Holdings 1.3Texmaco 1.3Grindwell Norton 1.3Rico Auto 1.2Karuturi Networks 1.1Electrosteel Castings 0.9Noida Toll Bridge 0.9Aurionpro Solutions 0.6Easun Reyrolle 0.5Emkay Global Fin. 0.5Gruh Finance 0.4Gujarat NRE-Class B 0.0

Equity 92.3Derivatives —Debt 4.9Cash/Others 2.8



Benchmark BSE Small-Cap Index


Turnover (%) 80



0

50

100

150

200

250

Feb-07 Jun-10



Positioning: Pure Small-Cap

Period Fund Benchmark Fund Benchmark % pointsSince Inception 28.6 26.5 7.8 7.3 0.5Last 3 years 21.0 17.3 6.6 5.5 1.1Last 2 years 55.1 35.4 24.5 16.3 8.2Last 1 year 58.9 58.0 58.9 58.0 0.9



Alpha -1.26Correlation 0.98

Tracking Error 12.75Information Ratio -0.28


Performance Snapshot

8.9

7.3

7.8

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 Goods22.8

Fertilisers &Chemicals

19.1

Auto13.411.2

Cash3.9

Industrials6.0

Financial Services

Media &Entertainment

4.1Pharma

5.7

Others13.8

Portfolio Profile (%)

Thematic94.7

Non Thematic1.4

Cash3.9


Alpha 0.41 Correlation 0.95

Past performance may or may not be sustained in future. Returns/investment valueare as of June 30, 2010. Returns are on a compounded annual basis and computedusing NAV of Growth Option. SIP values are in rupees. Performance Analysis onannualised basis using month-end NAVs since launch. Turnover (%) 93

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 Average Annual Mean 14.67 14.81Standard Deviation 34.78 35.67Beta 0.92 1.00Sharpe Ratio 0.20 0.20Sortino Ratio 0.28 0.27Treynors Index 7.60 7.15


Since Inception Returns 11.1% 14.5%Since Inception Value 49,000 61,394 65,691Last 3 years 36,000 44,401 46,449Last 2 years 24,000 32,930 33,877Last 1 year 12,000 13,455 13,242

NAV (Growth): Rs 14.2339 NAV (Dividend): Rs 12.9639



0

50

100

150

200

250

May-06 Jun-10



Portfolio Stance: The fund maintains thenow-consolidated portfolio of about 35-40stocks. The top ten exposures now accountfor about 46% of the assets. The portfoliomaintains a close-to-fully invested statuswith equity exposure at about 96% 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.Consumer goods, fertilisers & chemicals,financial services (mostly PSU banks) andengineering account for about 65% of theportfolio. The portfolio stays spread acrossthe cap curve, as has generally been the case.

Jain Irrigation 6.4M & M 6.3P N B 5.2Tata Chemicals 4.8United Spirits 4.2United Phosphorus 4.1Bajaj Auto 4.0Lupin 3.9R E C 3.7Coromandel Fert 3.6Tata Tea 3.4Tata Motors 3.1Dish TV 3.0Escorts 2.9M & M Financial 2.7Karuturi Networks 2.6G S F C 2.5Nagarjuna Fertilisers 2.3Nestle India 2.3IVRCL Infra 2.2Bharti Airtel 1.9State Bank of India 1.8ITC 1.8Dr Reddy's Labs 1.7Patel Engineering 1.5HCL Infosystems 1.4Bank of India 1.4Dabur India 1.3K S Oils 1.2McLeod Russel 1.1Heritage Foods 1.1Bajaj Electricals 1.1Zee Entertainment 1.1Chambal Fertilisers 1.1Kalpataru Power 1.1Praj Industries 1.0Advanta 0.7Alok Industries 0.6



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


Fund Size: Rs 250 crorePositioning: Rural ProsperityPerformance Change in NAV (%) Returns (%)

Period Fund Benchmark CNX 500 Fund Benchmark CNX 500Since Inception 42.3 43.9 41.1 8.9 9.2 8.7Last 3 years 15.5 22.7 21.9 4.9 7.0 6.8Last 2 years 21.1 36.0 38.0 10.1 16.6 17.5Last 1 year 35.6 29.1 27.4 35.6 29.1 27.4


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

PortfolioSecurity G D

Fund Size (G): Rs 547 croreFund Size (D): Rs 493 crore

Turnover (%) 146 158

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 (%)

Industrials59.6%

Energy-Utilities5.9

Construction7.3

5.7Energy-Oil & Gas

Financial Services

Others7.9

Services5.1

3.3

Pharma3.2%

Cash1.9


0

20

40

60

80

100

Oct-05 Jun-10

Portfolio Stance: The fund maintains anallocation to equity at about 98% of theassets, an increase of about 10 percentagepoints in June. The fund’s mandate is tofocus on beneficiaries of infrastructure/capexspend story in India under normalcircumstances. The fund maintains itsexposure to engineering and construction isnorth of 60%. The fund has used the enablerof investing outside the theme up to 30%only to a modest extent since its launch as isclear from the graphic on the right panel. Atthe end of last month, the exposure was lessthan 10%, which is in close to the long-termtrend in the fund. The portfolio has had amid- and small-cap tilt, as valuationdifferentials stay attractive and given thenature of the universe of stocks tracking thetheme.

Weighted Average Market Cap: Rs 24,727 croreMedian Market Cap: Rs 4,480 crore

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 16.7% 18.4%Since Inception Value 57,000 84,562 88,030Last 3 years 36,000 47,019 46,889Last 2 years 24,000 34,807 35,139Last 1 year 12,000 13,145 13,181




050

100150200250300350400450

Sep-05 Jun-10


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

Since Inception 150.5 198.3 93.7 21.3 25.8 14.9Last 3 years 25.2 19.6 21.9 7.8 6.1 6.8Last 2 years 35.8 45.9 38.0 16.6 20.8 17.5Last 1 year 27.5 14.9 27.4 27.5 14.9 27.4

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

Larsen & Toubro 9.1 9.0B H E L 7.1 7.0Siemens India 4.3 4.3Crompton Greaves 3.3 3.3Hindustan Dorr 3.0 3.1Areva T & D 2.7 2.6McNally Bharat 2.6 2.6Alstom Power 2.4 2.5Bharat Electronics 2.3 2.2Indraprastha Gas 2.2 2.3TRF 2.2 2.2Nitin Fire 2.2 2.4Lanco Infratech 2.2 2.2I D F C 2.1 2.2Aegis Logistics 2.1 2.1J Kumar Infra 2.1 2.1Honeywell 2.0 2.3Patel Engineering 1.7 1.7Lupin 1.7 1.3Gammon India 1.7 1.7Ahluwalia Contract 1.6 1.7Dish TV 1.6 0.8GVK Power 1.6 1.6Texmaco 1.5 1.4Sadbhav 1.5 1.6Thermax 1.5 1.6Torrent Pharma 1.5 1.5Welspun Gujarat 1.4 1.4Kalpataru Power 1.4 1.5Spicejet 1.4 1.1H C C 1.4 1.4A C E 1.4 1.4Power Trading 1.3 1.3AIA Engineering 1.3 0.9Gujarat Petronet 1.3 1.3G E Shipping 1.3 1.3A B B 1.2 1.0Cummins India 1.2 1.2Atlas Copco 1.2 1.2Triveni Engineering 1.1 0.8Elecon Engineering 1.1 1.2BGR Energy 1.1 1.1KSK Energy 1.1 1.0Reliance Infrastructure 1.0 1.0Jaiprakash Associates1.0 1.0KEC International 0.9 0.9Yes Bank 0.8 0.9R E C 0.8 0.8Sesa Goa 0.7 0.7Shree Cements 0.6 0.6Lloyd Electric 0.5 0.6IVRCL Infra 0.5 0.5Adhunik Metaliks 0.4 0.5K Bros Investment 0.4 0.4Mundra Port 0.3 0.3Sadbhav Rights 0.1 0.1

Equity 98.1 96.5Derivatives — —Debt 0.9 2.2Cash/Others 1.0 1.3

Number of Stocks 56 56


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 (%)



Metals14.8

Cash1.5

Service1.6

2.0

2.4

13.7

Financial Services

Others3.3

Consumer Goods

Industrials


0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

Jan-08 Jun-10


Alpha -0.02 Correlation 0.97Past performance may or may not be sustained in future. Returns/investment valueare as of June 30, 2010. Returns are on a compounded annual basis and computedusing NAV of Growth Option. SIP values are in rupees. Performance Analysis onannualised basis using month-end NAVs since launch.Turnover (%) 78

Fund S&P CNX 500 Average Annual Mean 0.52 0.18Standard Deviation 40.12 40.66Beta 0.95 1.00Sharpe Ratio -0.18 -0.18Sortino Ratio -0.31 -0.27Treynors Index -7.49 -7.47




30405060708090

100110120

Jan-08 Jun-10



Portfolio Stance: The fund continues hasraised equity allocation by three percentagepoints to 98.5%. The portfolio is geared toplay the emerging energy-landscape themein India that is likely to be a drawn outprocess. The portfolio is spread across thelarge-cap and mid- and small-cap spacesnow. The fund to maintain a higherallocation in mid-cap stocks as valuationdifferentials stay in favour; the allocation hasstays close to about 50%. The portfolio isaligned to our thought process on theemerging energy-linked landscape. Weremain positive on long-term prospects of thetheme in India with improving clarity onaccount of a gradual removal of legal hurdlesthat had blocked pricing progress. Policyinitiatives on the gas pricing front have alsobeen encouraging over the past two monthsand the industry environment appears togetting greater clarity.

Reliance Industries 9.0Cairn India 7.4O N G C 6.2Maha Seamless 4.7G A I L 3.8Adani Power 3.2I O C 3.1GVK Power 3.1Lanco Infratech 3.0Siemens India 2.8Gujarat Petronet 2.7Tata Power 2.6Indraprastha Gas 2.6Larsen & Toubro 2.5G M D C 2.5I D F C 2.4Welspun Gujarat 2.3Jindal Steel 2.3B E M L 2.3B P C L 2.3Reliance Infrastructure 2.1B H E L 2.0Videocon Industries 2.0CESC 1.9Gujarat Gas 1.9R E C 1.8Jaiprakash Hydro-Power1.4TRF 1.3Ashok Leyland 1.1Sterlite Industries 1.1PSL Holdings 1.1Oil India 1.0KSK Energy 1.0Patel Engineering 1.0JSW Energy 0.9Petronet LNG 0.9H P C L 0.8Sesa Goa 0.8Jyoti Structures 0.8G S F C 0.7Seamec 0.7Cummins India 0.6Gammon India 0.5Power Trading 0.3



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 1,711 crorePositioning: EnergyPerformance Change in NAV (%) Returns (%)

Period Fund Benchmark CNX 500 Fund Benchmark CNX 500Since Inception -16.0 -18.1 -17.9 -6.7 -7.7 -7.6Last 2 years 23.0 20.7 38.0 10.9 9.9 17.5Last 1 year 17.7 15.8 27.4 17.7 15.8 27.4

� Cash � Thematic � Non Thematic

Performance Snapshot

-7.6

-7.7

-6.7

S&P CNX 500

Benchmark

Fund

Returns in percentage since launch


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 Jun-10

Allocation: Public Sector & Private Sector

0.010.020.030.040.050.060.070.080.090.0

100.0

Jul-08 Jun-10

Thematic allocation: %

Non-thematic allocation: —

Cash/Others: %

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 (%) 141



Since Inception Returns 46.6% 44.9%Since Inception Value 24,000 36,533 36,053Last one year 12,000 13,728 13,223




406080

100120140160180200

Jun-08 Jun-10



Portfolio Stance: The fund is invested to theextent of 95.5% in equity, an increase of fivepercentage points in equity levels in June.The emphasis stays on the banking andfinancial services spaces with anincreasingly pronounced bias towards theformer. The allocation now also has anincreasingly distinct preference for the PSUbanking space, a shift as compared to thealmost evenly spread profile between theprivate sector and the PSU spaces maintainedtill a few months ago. 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.


P N B 8.1

ICICI Bank 7.0

Bank of Baroda 6.6

HDFC Bank 6.2

Axis Bank 5.7

Union Bank 5.1

O B C 4.3

LIC Housing 4.2

H D F C 4.2

Bank of India 3.8

Canara Bank 3.6

IndusInd Bank 3.6

I D F C 2.4

Central Bank Of India 2.3

Yes Bank 2.2

Reliance Capital 2.1

HDFC Warrants 2.1

M & M Financial 2.0

Corporation Bank 1.8

Kotak Mahindra Bank 1.7

Dena Bank 1.5

StanChart IDR 1.4

IDBI Bank 1.3

Aditya Birla Nuvo 1.2

Shriram Transport 1.1

Magma Fincorp 0.9

Bajaj FinServ 0.7

Equity 95.5

Derivatives —

Debt —

Cash/Others 4.5


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 185 crorePositioning: Financial ServicesPerformance Change in NAV (%) Returns (%)

Period Fund Benchmark CNX 500 Fund Benchmark CNX 500Since Inception 73.8 62.8 23.8 30.9 26.8 11.0Last one year 31.7 29.0 27.4 31.7 29.0 27.4

� 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 (%)

Media &Entertainment

63.1%

Consumer Goods

Telecom4.9

6.6

9.2

Cash2.6

Financial Services

Service13.5


0.010.020.030.040.050.060.070.080.090.0

100.0

Jul-08 Jun-10


Alpha 12.73 Correlation 0.79Past performance may or may not be sustained in future. Returns/investment valueare as of June 30, 2010. Returns are on a compounded annual basis and computedusing NAV of Growth Option. SIP values are in rupees. Performance Analysis onannualised basis using month-end NAVs since launch.

Turnover (%) 83



Since Inception Returns 33.1% 49.1%Since Inception Value 24,000 32,708 37,255Last one year 12,000 13,545 14,645




020406080

100120140160180

Jun-08 Jun-10



Portfolio Stance: The equity allocation hasbeen raised by about four percentage pointsduring the past month to 97.4%. Theportfolio is intended to be largely centeredon the entertainment theme; it now has onlya marginal allocation of less than 3% 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.

Television Eighteen 10.3

Cox & Kings 9.2

Zee Entertainment 9.0

Mahindra Holiday 9.0

PVR 7.5

Network 18 Fincap 6.6

Sun TV 5.7

HT Media 5.5

Dish TV 5.0

OnMobile Global 4.9

Entertainment Networth 4.1

UTV Software 3.7

IBN18 Broadcast 3.7

Indian Hotels 3.0

TV Today Network 2.5

D B Corp 2.3

NDTV 1.9

InfoEdge 1.4

Zee News 1.2

Talwalkars 0.4

IBN18 Broadcast 0.4

Max India 0.3

Equity 97.4

Derivatives —

Debt —

Cash/Others 2.6


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 77 crorePositioning: EntertainmentPerformance Change in NAV (%) Returns (%)

Period Fund Benchmark CNX 500 Fund Benchmark CNX 500Since Inception 55.1 2.4 20.1 24.0 1.2 9.4Last one year 28.3 56.6 27.4 28.3 56.6 27.4

� 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 (%)




Services1.5

3.8

Metals7.2

Cash1.8

Fertilisers & Chemicals

Industrials10.0


Thematic98.2

Cash1.8



Past performance may or may not be sustained in future. Returns/investment valueare as of June 30, 2010. Returns are on a compounded annual basis and computedusing NAV of Growth Option. SIP values are in rupees. Performance Analysis onannualised basis using month-end NAVs since launch.Turnover (%) 94

Fund S&P CNX 500 Average Annual Mean 7.82 0.40Standard Deviation 9.48 14.92Beta 0.62 1.00Sharpe Ratio 0.02 -0.49Sortino Ratio 0.03 -0.75Treynors Index 0.28 -7.25


Since Inception Returns 23.1% 13.5%Since Inception Value 5,000 5,262 5,157




80

90

100

110

Jan-10 Jun-10



Portfolio Stance: The fund’s equity exposureis at its highest since launch at 98%. Thefund has moved to a close-to-fully investedstatus in a phased manner based on marketconditions. In line with the positioning, theportfolio is almost entirely invested in stocksof public sector undertakings (PSUs). Theportfolio has a distinct large-cap tilt, which isan intrinsic feature of the PSU space. The topsectors by allocation are financial services,oil & gas and utilities. This, too, is in linewith broad profile of the PSU universe. PSUstocks are geared to the India story due to astrong presence in high growth sectors suchas financial services, oil & gas, engineeringand materials space; they are almost absentin sectors such as consumer staples, pharma,telecom and information technology. Theportfolio of the fund is geared to the highgrowth sectors.


O N G C 7.7

P N B 5.6

B H E L 5.6

S A I L 4.4

R E C 4.3

Bank of Baroda 4.3

N T P C 4.2

H P C L 4.0

G A I L 3.9

Power Trading 3.8

Bharat Electronics 3.0

Gujarat Petronet 2.9

Power Finance Corp 2.8

Canara Bank 2.7

G S F C 2.6

I O C 2.5

O B C 2.5

N M D C 2.3

N H P C 2.2

Petronet LNG 2.2

I D F C 1.8

UCO Bank 1.8

B P C L 1.7

IDBI Bank 1.6

Container Corp 1.5

LIC Housing 1.5

Bank of India 1.4

Power Grid 1.4

Gujarat Alkalies 1.2

B E M L 0.9

G M D C 0.6

Balmer Lawrie 0.5

Oil India 0.3

Indraprastha Gas 0.2

Equity 98.2

Derivatives —

Debt 3.8

Cash/Others -2.0


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 531 crorePositioning: Public SectorPerformance Change in NAV (%) Returns (%)

Period Fund Benchmark CNX 500 Fund Benchmark CNX 500Since Inception 3.8 -6.0 -0.3 3.8 -6.0 -0.3


Performance

Fund Weight %

Emerging Markets

BlackRock Merrill Lynch Emerging 8.0Nevsky Eastern European Europe 6.4DB Tracker Emerging Markets 16.6Fidelity South East 15.5Schroders Emerging 9.9DB Tracker Latin America 8.3Parvest Latin America 6.8

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

Morgan Stanley Asian Property 4.9Morgan Stanley Global Property 3.0

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

Parvest Global Resources 7.9Martin Currie Global Resources 5.6

Allocation to funds 92.8

Cash 7.2

Asset Class/Geography Neutral Current

Emerging MarketsAsia 40.0 42.0Latin America 15.0 15.0Eastern Europe 15.0 14.4Commodity Funds 15.0 13.5Real Estate Funds 15.0 7.9Cash 0 7.2

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 -2.2 -0.2 -0.8 -0.1 -0.7Last 2 years -10.1 -8.9 -5.2 -4.6 -0.6Last 1 year 16.1 16.9 16.1 16.9 -0.8USDSince Launch -13.8 -11.7 -5.1 -4.3 -0.8Last 2 years -16.7 -15.6 -8.7 -8.1 -0.6Last 1 year 19.7 20.6 19.7 20.6 -0.9

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 94.1 crore


Asset Allocation (%)


Sundaram BNP Paribas Balanced Fund

Weighted Average Market Cap: Rs 31,663 croreMedian Market Cap: Rs 17,514 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 Debt Portfolio 6.33 years

Average Duration of Debt Portfolio 3.81 years

Debt Portfolio YTM 6.75%

Allocation (%)

Certificate of Deposit8.1

Reverse Repo, CBLO, Cash & NCA

3.8

Corporate Bonds11.2

Government Securities

15.5

Equity61.3

Sector Profile (%)


Consumer Goods12.7

IT9.8

Pharma7.3Auto

6.5Services

3.7

Debt37.8

Cash-4.1

Energy-Oil & Gas 4.9

Others3.0


Since Inception Returns 18.4% -Since Inception Value 1,07,000 2,51,350 -Last 7 years 84,000 1,47,412 1,37,148Last 5 years 60,000 82,939 80,062Last 3 years 36,000 44,181 42,407Last 2 years 24,000 30,789 28,999Last 1 year 12,000 12,682 12,507

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 458 Benchmark: Rs 334

050

100150200250300350400450500

Jun-00 Jun-10

Fund Benchmark


Since Inception 358.4 — 16.4 — —Last 7 years 290.3 215.5 21.5 17.8 3.6Last 5 years 116.8 100.3 16.7 14.9 1.8Last 3 years 29.4 28.6 9.0 8.7 0.2Last 2 years 37.9 30.3 17.4 14.2 3.3Last 1 year 25.6 17.3 25.6 17.3 8.3

Portfolio Stance: About 7% of the exposure

in money market instrument was converted

to government securities by the month end.

The fund initiated trading strategies in GOI

securities and captured market movements.

We intend to initiate trading calls in the

portfolio and adopt relative value strategies

in the forthcoming period. The equity

component accounts for about 66% of the

assets. The equity component is spread

across the cap curve and sectors.

Corporate Bonds 12.1

Union Bank 7.6

P F C 4.5

Certificate of Deposits 8.8

O B C 8.8

Government Securities16.8

8.20% 2022 16.2

6.35% 2020 0.6

Equity 66.3

T C S 6.9

TVS Motors 6.5

ITC 6.4

Hindustan Unilever 6.3

ING Vysya Bank 5.3

Lupin 5.2

H D F C 5.1

Cairn India 4.9

I D F C 4.2

Yes Bank 4.0

Kingfisher Airlines 3.7

Power Trading 3.0

Polaris Software 2.8

Cipla 1.1

Shasun Chemicals 0.9

Reverse Repo / CBLO2.8

Cash & Others -6.9


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 June 30, 2010. Returns are on a compounded annual basis and computedusing NAV of Growth Option. SIP values are in rupees. Performance Analysis onannualised basis using month-end NAVs since launch. Excess Returns andPerformance Analysis are with reference to the broad market index – S&P CNX 500.






PortfolioSecurity Rating Weight %

Portfolio Stance: In the fixed-income part of the portfolio of the Moderate Plan, the duration of the portfolio wasmarginally increased as we increased exposure to short term debentures and Certificate of Deposits at higher yieldstaking advantage of tight liquidity conditions. This is reflected in higher portfolio yield. We intend to target goodaccrual portfolio without compromising portfolio quality. The exposure to government securities shall be based onour trading view. In the Aggressive Plan and Conservative Plan, the fixed-income portion of the portfolio is targetedat higher accruals and would try to capture a maturity of up to two years. The corporate debt exposure is steadilyincreased by reducing the short-term money market exposure. The fund is in a stage of getting good inflows aidingportfolio accumulation to suit the desired objective of passively handling the fixed-income assets. Equity accountsfor about 10% of assets in the Moderate Plan and is invested in large-cap stocks in the Moderate Plan. In the othertwo plans, the equity exposure is via dedicated large-cap and mid-cap funds with a track record of about 8 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 1.56.35% - 2020 GSEC 1.5Certificate of Deposits 36.5Oriental Bank of Commerce P1+ 13.6Canara Bank P1+ 5.5ICICI Bank A1+ 4.9Bank of Baroda A1+ 3.9Kotak Mahindra Bank P1+ 3.8Yes Bank A1+ 2.9State Bank of Travancore P1+ 2.0Corporate Bonds 49.7Reliance Capital AAA 10.1Tata Communications AAA 10.1ICICI Securities AAA 10.0Aditya Birla Nuvo AA+ 7.4Power Finance Corporation AAA 4.0Kesoram Industries AA 2.9Tata Capital LAA+ 2.0IL&FS Financial Services A1+ 2.0Tata Sons AAA 0.8Trent LAA- 0.5Equity Holdings 10.3State Bank of India 2.5Larsen & Toubro 2.2Reliance Industries 2.1Bharti Airtel 1.8Crompton Greaves 1.7Reverse REPO / CBLO 0.2Cash, Call & Net Current Assets 1.8


Canara Bank P1+ 21.2

Oriental Bank P1+ 11.6

ICICI Bank A1+ 8.7

Kotak Mahindra Bank P1+ 5.7

Jammu & Kashmir Bank P1+ 5.7

South Indian Bank PR1+ 2.9


Tata Communications AAA 7.2

Aditya Birla Nuvo AA+ 3.2

Reliance Capital AAA 3.0

IL & FS Financial Services A1+ 3.0

HCL Technologies LAA+ 0.6

Mutual Funds 19.2

Sundaram BNP Paribas Select Mid Cap 9.7

Sundaram BNP Paribas Select Focus 9.5

Reverse REPO / CBLO 5.4

Cash, Call & Net Current Assets 2.6

Not an assured income scheme


ICICI Bank A1+ 9.5

South Indian Bank PR1+ 4.7


Tata Communications AAA 17.9

Tata Capital LAA+ 15.0

Aditya Birla Nuvo AA+ 10.4

IL & FS Financial Services A1+ 9.9

IDFC LAAA 0.9

Mutual Funds 14.3

Sundaram BNP Paribas Select Mid Cap 7.2

Sundaram BNP Paribas Select Focus 7.1

Reverse REPO / CBLO 24.0

Cash, Call & Net Current Assets -6.7



Fund Size: Rs 18 crore

Average Maturity 0.44 YearsDuration 0.39 YearsYield To Maturity 5.74%

Average Maturity 1.23 YearsDuration 1.23 YearsYield To Maturity 5.91%

Average Maturity 0.49 YearsDuration .46 YearsYield To Maturity 4.86%

NAV (G): Rs 10.1362 NAV(D-Monthly) Rs 10.1330

NAV (G): Rs 15.1684NAV(D-Monthly) Rs 10.9114

NAV (G): Rs 10.1610NAV(D-Monthly) Rs 10.1597

Fund Size: Rs 42 crore Fund Size: Rs 17 crore

Period Returns (%)Fund Benchmark

Since Inception 1.36 2.71

PerformancePeriod Returns (%)

Fund BenchmarkSince Inception 1.58 2.71

PerformancePeriod Returns (%)

Fund BenchmarkSince Inception 6.67 7.15Last 5 years 6.55 8.21Last 3 years 5.36 7.84Last 2 years 7.62 9.83Last 1 year 7.53 7.66

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 was increased to 0.12 years from0.08 years, as the matured assets wereredeployed at higher rates with longermaturities. The increased flows by themonth end were deployed in short-termNCDs, thus giving a higher portfolio yield ofover 5.5%. The portfolio mix thus gotchanged in favour of the NCDs resulting inlower exposure of 44% to certificate ofdeposit (CDs). We would continue maintaina judicious mix between bank certificate ofdeposits and other non-bank securities,based on need.

Positioning: Liquid Fund

Sundaram BNP Paribas Money Fund

0.61.6

23.830.4

43.6

Cash Call & NCAReverse Repo / CBLO / BRDSCorporate BondsCommercial PaperCertificate of Deposits

0.6

1.6

97.8

Cash Call & NCA

Reverse Repo/CBLO

Highest Investment Grade


Average Maturity 0.17 Years

Duration 0.12 Years

Yield To Maturity 5.57%


Central Bank of India PR1+ 12.1

State Bank of Travancore P1+ 10.5

ICICI Bank A1+ 10.5

State Bank of Hyderabad A1+ 10.5

Commercial Paper 30.4

Reliance Industries P1+ 10.6

Elder Pharma PR1+ 8.1

Reliance Communications PR1+ 7.5

Magma Fincorp PR1+ 1.7

Religare Finvest A1+ 1.7

IDBI Home Finance A1+ 0.9


Aditya Birla Finance A1+ 6.4

M & M Financial ServicesP1+ 6.4

L & T Finance PR1+ 6.4

Edelweiss Capital P1+ 2.3

SREI Equipment Finance A1+ 2.3

Reverse REPO / CBLO / BRDS 1.6

Cash, Call & Net Current Assets 0.6

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 4.27 4.88Last 15 days 4.30 5.18InstitutionalLast 1 month 4.72 4.88Last 15 days 4.75 5.18Super InstitutionalLast 1 month 5.12 4.88Last 15 days 5.12 5.18

Near-Term Performance

Asset Allocation (%)

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 6.46 —Last 7 years 5.83 5.63Last 5 year 6.21 6.20Last 3 years 6.06 6.12Last 2 years 5.28 5.81Last 1 year 3.38 3.29InstitutionalSince Inception 6.30 5.96Last 5 year 6.48 6.20Last 3 years 6.41 6.12Last 2 years 5.72 5.81Last 1 year 3.84 3.29Super InstitutionalSince Inception 6.89 6.36Last 3 years 6.74 6.12Last 2 years 6.07 5.81Last 1 year 4.19 3.29

Long-Term Track Record

Past performance may or may not be sustained in future.Returns are as of June 30, 2010 and computed using NAV ofGrowth Option on simple annual basis. For period greater thanone year returns are annualised.

Fund Size: Rs 236 crore

Retail PlanGrowth Rs 19.0947Daily Dividend Rs 10.0953Weekly Dividend Rs 10.6719Fortnightly Dividend Rs 10.4424Monthly Dividend Rs 10.3175Quarterly Dividend Rs 10.7897Institutional Plan Growth Rs 19.3622Daily Dividend Rs 10.0953Weekly Dividend Rs 10.7714Monthly Dividend Rs 10.3685Quarterly Dividend Rs 10

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