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4th Floor, Industrial Assurance Bldg., Opp. Churchgate Station, Mumbai 400 020. Tel. : 22812038 E-mail: [email protected] visit us at www.licmutual.com

Statutory Details: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. LIC Mutual Fund Asset Management Co. Ltd. is the Investment Manager to the Fund. RISK FACTORS: Mutual Funds and Securities investments are subject to market risks and there is no assurance and no guarantee that the objectives of the Mutual Fund will be achieved. As with any investment in stocks and shares, the NAV of the units issued under the scheme can go up or down depending on the factors and forces affecting the capital markets. The Sponsor is not responsible for or liable to any loss resulting from the operations of the scheme beyond their initial contribution of Rs. 2 Crore towards the setting up of the Mutual Fund. Past performance of the Sponsor/AMC/Mutual Fund does not indicate the future performance of the schemes of the Mutual Fund. The NAV of units of the scheme may be affected by changes in general level of interest rates. Please read the scheme information document carefully before investing.

Investment Manager:

PLACE ADDRESS LANDLINE MOBILEAHMEDABAD Jeevan Sadan, 3rd Flr, LIC Bldg, Opp. Capital Commercial Center, BANGALORE No.4, Canara Mutual Building (Opp. Cash Pharmacy), 2nd Floor, 080-22210180 / 22295598 9845172957 / 9972092957 /

Residency Road, BANGALORE-560025. 9986500721 BHUBANESHWAR OCHC Building, Ground Floor, 24-Janpath, Unit-3, BHUBANESHWAR-751001. 0674-2390694 9438132162 /9438081037 /

9438526420CHENNAI 15, Anna Salai, Next to V.G.P. Bldg., CHENNAI - 600002. 044-28411984 / 28555883 9382315850 / 9940286305 /

9962526278 / 9940178266DEHRADUN 56, Gandhi Road, 1st Fl., Opp. Hyundai Commercial, DEHRADUN - 248 001 0135 - 2668347 9410702598 / 9412039057 /

9410702598ERNAKULAM 11th Floor, Jeevan Prakash, M.G. Road, Ernakulam, KOCHI - 682011 0484-2367643 9895036554 / 9745612888 /

9946710555GOA T 9/10, 3rd floor, Alfran Plaza, Opp. Don Bosco High School, M. G. Road, Panaji, GOA-403001. 0832-2420561 9421151400 / 9890711551

9370643076 / 9673682722GUWAHATI LICMF AMC Ltd., C/o LIC of India, Jeevan Deep Building, Panbazar, GUWAHATI -782 001 0361 - 2735323 9435040478 / 9707021706HYDERABAD LIC Mutual Fund, House No. 5-9-57, 4th Floor, Jeevan Jyoti Building, 040-23244445 / 23210572 9392471583 / 9000444850 /

Basheerbagh, HYDERABAD - 500029. 9000550850INDORE U.V. Business Centre, 1st Floor, Snehil 9/1-A South Tukoganj, INDORE - 452001. 0731-2520262 / 4069162 9753242050 / 9425870126

9981511435JAIPUR 327 - A, 3rd floor, Ganpati Plaza, M. I. Road, JAIPUR - 1. 0141-5112620 9460873120 / 9829098323 /

9929095005KANPUR Jeevan Vikas, 16/98, M.G. Road, KANPUR - 208001. 0512-2360240 / 3244949 9839923499 / 9984006600 /

9838038440 / 9918971258 /9889085736

KOLKATA Ground Floor, Hindustan Building Annexe, 4, Chittaranjan Avenue, 033-22129455 / 65290605 9432128113 / 9830689965 /KOLKATA - 700072. 9836072229 / 9831983005 /

9474424374 / 9339531895 /9231407611

LUCKNOW 7th Floor, Jeevan Bhavan 2, Naval Kishore Road, Hazrat Ganj, Lucknow - 226 001 0522-2231186 9415060134 / 9450661015 /9453016072 / 9005056048

LUDHIANA LICMF AMC LTD., Room No. 102, 1st Fl., S.C.O. 19, Opp. Stock Exchange 0161 - 2405805 / 2405806 9814703558 / 9888320209Feroze Gandhi Market, Ludhiana - 141 001.

MADURAI C/o LIC of India, D.O., Near SDM Secretariat, Bridge Station road,Sellur, Madurai - 625 002 0452 - 2535105 9442109039 / 9655505105MANGALORE LICMF AMC Ltd., No. 6, Gr. Floor, Popular Building, K S Rao Road, Managalore - 575 001 0824 - 2411482 9845190466 / 9980950466MUMBAI - I LIC Mutual Fund, 5th Floor, Industrial Assurance Bldg., 022-22885971 / 22851659 9324543832 / 9320012110 /

Opp. Churchgate Station, MUMBAI - 400020. 9930822601 / 9892550455 / 9930957772 / 9870775600

9320762764MUMBAI - II 103, First Floor, A Wing, BSEL Tech Park, Opp. Vashi Railway Station, Navi Mumbai - 400 705. 022-2781 2522 9820002994 / 9702882224 /

9371617717 / 9619575895NAGPUR LIC Mutual Fund AMC Limited, Jeevan Seva Bldg., Mount Road, Sadar, Nagpur - 440 001. 0712 - 2542497 9422113800 / 9975724030

9922402272NASHIK Shop No.2, Ground Floor, Rajvee Enclave, New Pandit Colony, NASHIK - 422002. 0253-2579507 9922996155 / 9823366379NEW DELHI 7th Floor, Jeevan Prakash, 25 K.G. Marg, NEW DELHI - 110001. 011-23359190/23314396 9716481681 / 9818610867 /

9818630124 / 9811108744 / 9818191263 / 9891736008 /9871814850

PATNA Ground floor, Jeevan Jyothi Bldg. Exhibition Road, PATNA - 800001. 0612-2501157/6452757 9470610695 / 9431023274 /9431037251 / 9234600411

PUNE C/o LIC of India, Pune D.O.-I,6/7, Shivaji Nagar,University Road, Pune - 411 005 020 - 25537301 9822474487 / 9325523480 /9767868611

RAIPUR SF-22-23, Millennium Plaza, Near Indian Coffee House, 0771-2236780/4051137 9329731077 / 9329100009/G.E. Road, RAIPUR - 492001 C.G. 9407646661

RANCHI Narsaria Tower, 2nd Floor, Opp. Lalpur Police Station, Post Lalpur, RANCHI -834001. 0651-2206372 9470524099 / 9334768543

AHMEDABAD - 380006. 079-26588301 / 65431989 9375090006 / 9924403147

November, 2009

Mobile No. Mobile No. Mobile No. Mobile No.AGARTALA : 9856027836AHMEDNAGAR : 9422238925ALLAHABAD : 9336928397ALWAR : 9001059659AGRA : 9927888854ALAPUZHA : 9447367160AMRITSAR : 9814299747AJMER : 9829077674AMRAVATI : 9923797207ANANTPUR : 9000444852AURANGABAD : 9422728151BALAGHAT : 9302185901BALASORE : 9438020115BANKURA : 9378330300BEGUSARAI : 9905816354BERHAMPORE : 9861546580BELGAUM : 9845205168BELLARY : 9980830179BHAVNAGAR : 9825412482BILASPUR : 9303354453 /

9301982280BHILAI : 9303808855BHOPAL : 9302441980BHAGALPUR : 9431609765BHILWARA : 9829287273BIKANER : 9829791132

BUSINESS CENTREName of Place Name of Place Name of Place Name of Place

BOKARO : 9955189443BURDWAN : 9831712244CALICUT : 9961036375

9349739890CHANDIGARH : 9316065681CHANDRAPUR : 9372941955COIMBATORE : 9282216891DALTONGANJ : 9162780200DEOGHAR : 9430155378DHANBAD : 9835334495FARIDABAD : 9871814850GAYA : 9334118071GORAKHPUR : 9336833448GULBARGA : 9900144196GURGAON : 9654228220GWALIOR : 9406586454HAZARIBAG : 9835197681 /

9199107292HASSAN : 9986125091HOSHIARPUR : 9988102107HUBLI : 9880058223JABALPUR : 9407606313JAGDALPUR : 9303354452JALANDHAR : 9779966466JALGAON : 9921515829JAMMU : 9419213201

JAMSHEDPUR : 9234620669JHANSI : 9760016559JODHPUR : 9829947974KANNUR : 9846113249KARIMNAGAR : 9000444853KHARAGPUR : 9830759959KHARWAR : 9535484475KOTTAYAM : 9349374220KOTA : 9829905879KOLHAPUR : 9822851948MADIKERI : 9886028217MALDA : 9836237434 /

9851955023MEERUT : 9319267811MYSORE : 9986117183MUZAFFARPUR : 9431813155NANDED : 9822203503NELLORE : 9000444854PANIPAT : 9996006023PATIALA : 9888710200PONDICHERRY : 9443337411PURNEA : 9939491090RAIGARH : 9302784008RAJAHMUNDRY : 9000171857RAJKOT : 9898733233SAMBALPUR : 9937040031

SALEM : 9944744424SATARA : 9321452045SATNA : 9926364561SHADOL : 9907666416SHILLONG : 9864152899SHIMLA : 9816687581SHIMOGA : 9902007686SILCHAR : 9401349110SURAT : 9978862626

9925027406SILIGURI : 9832010008THANE : 9320180806THIRUVELVELI : 9994321100THIRUVANA-NTHAPURAM : 9388088066THRISSUR : 9388110220TRICHY : 9842524130TRIVANDRUM : 9388088066UDAIPUR : 9784011432UDUPI : 9611111028VADODARA : 9327494916VARANASI : 9336501004VELLORE : 9791262600VISHAKHAPATNAM : 9000444851VIJAYWADA : 9000444856WARANGAL : 9000171858

AREA OFFICES

Mutual Fund Investments are subject to market risks. Please read the scheme information document carefully before investing.

Open-ended liquid scheme providing liquidity and attractive returns.

Growth, Dividend, Reinvestment and Dividend payout option.

Tax free dividend income and capital gain tax benefit.

T + 1 Redemption facility.

Daily Dividend.

MUTUAL INTEREST2 15MUTUAL INTEREST

LICMF UNIT LINKED INSURANCE SCHEME An Open-ended Insurance linked Tax Saving Scheme

EQUITY PORTFOLIO (as on 30/10/2009)

TOTAL FUND (as on 3 / 0/2009) : Rs. Lakh0 1 9164.37

NAV (Rs.) as on 30/10/2009 : 8.8472

Last 1 year 37.15%Last 3 years 2.09%Since Inception 11.50%Benchmark (C BalanceEx) Return (Last 1 year) 54.37%

ANNUALISED RETURNS

(Past Performance may or may not be Sustained in Future)

Holdings Rating Market Value(Rs. in Lakhs)

Equity R I L 675.94BHARTI TELEVENTURE 525.87BHARAT ELECTRONICS 463.72L & T 438.80JAIPRAKASH ASSOCIATES 399.14B H E L 398.52POWER GRID CORPORATION OF INDIA 381.17TATA TEA 347.03CIPLA 258.98O N G C 249.19H D F C 242.53RELIANCE COMMUNICATION 228.74SIEMENS 182.58G A C L 177.90S B I 175.28BAJAJ HINDUSTAN 157.00G A I L 156.47TATA MOTORS 141.25N M D C 140.84S A I L 139.83DEEPAK FERTILISERS 132.58PUNJAB NATIONAL BANK 68.32INDIABULLS POWER 6.23

TOTAL - EQUITY 6087.89

DEBT PORTFOLIO (as on 30/10/2009)

Holdings(Rs. in Lakhs)

Rating Market Value

Debt

GSEC 6.05% 02/02/2019 AAA 725.52

PUNJ LLOYD AA 516.39

GSEC 7.35% 22/06/2024 AAA 279.45

SHRIRAM TRANSPORT FINANCE AA 230.63

RELIANCE CAPITAL A1+ 1300.00

TOTAL - DEBT 3051.99

Commercial Paper 0.00

TOTAL - Commercial Paper

Cash ‘n’ Call, Current Assets & Receivables 24.49

Avg. Maturity (in years) : 4.75

Avg. Duration (in years) : 4.28

PORTFOLIO (as on 30/10/2009)

TOTAL FUND (as on ) : Rs. Lakh30/10/2009 1284154.49

Bonds / DebenturesI C I C I BANK AAA 3510.00ALOK INDUSTRIES PR1+ 35000.00BAJAJ HINDUSTAN F1 25000.00DECCAN CHRONICLE PR1+ 23640.00RANBAXY HOLDING A1+ 20000.00REI AGRO PR1 20000.00OSCAR INVESTMENTS A1+ 20000.00TGS INVESTMENT & TRADE A1+ 16500.00ALOK INDUSTRIES PR1 15000.00JINDAL STEEL & POWER A1+ 10000.00ICICI SECURITIES P1+ 10000.00SREI INFRASTRUCTURE FINANCE PR1+ 10000.00BHUSHAN STEEL & STRIPS PR1 10000.00MUTHOOT FINANCE A1+ 10000.00TATA MOTORS A1 10000.00BAJAJ HINDUSTAN F1 10000.00L & T FINANCE PR1+ 10000.00AMTEK AUTO PR1+ 10000.00ARCH PHARMALABS F1 10000.00JAIPRAKASH ASSOCIATES PR1 10000.00MAGMA LEASING AA- 7000.00FIRST LEASING PR1+ 6500.00TURQUOISE INVESTMENT P1+ 5000.00RANBAXY HOLDING A1+ 5000.00KOTAK MAHINDRA INVESTMENTS A1+ 5000.00SHREE CEMENT LTD PR1+ 5000.00TANTIA CONSTRUCTIONS PR1 4500.00COX AND KINGS PR1 2400.00COX AND KINGS PR1+ 2000.00TRAPTI TRADING & INVESTMENT A1+ 1000.00SHRIRAM TRANSPORT FINANCE AA 800.00COX AND KINGS PR1 700.00MAGMA LEASING AA 148.33Commercial PaperTATA MOTORS FINANCE A1 65286.88INDIABULLS FINANCIAL SERVICES P1+ 51222.72RELIANCE CAPITAL A1+ 49457.98RELIGARE SECURITIES P1 28702.60RELIGARE FINVEST A1+ 28194.53RELIANCE COMMUNICATION PR1+ 18829.60ESSAR STEEL F1 18651.57CHOLAMANDALAM DBS FINANCE A1+ 13902.43R I L P1+ 9948.46ICICI SECURITIES P1+ 9790.94ADLABS FILMS A1+ 9607.67TATA MOTORS A1 9596.13SAPOORJI PALLONJI A1+ 9435.43AFCONS INFRASTRUCTURE P1+ 9424.36BHUSHAN POWER AND STEEL F1+ 9382.45SUNDARAM FINANCE A1+ 9382.45TATA CAPITAL A1+ 9382.45RELIANCE SECURITIES A1+ 9360.56MAGMA FINCORP PR1+ 9295.48ESSAR SHIPPING PORTS & LOGISTICS PR1 7915.73PUNJ LLOYD PR1+ 7206.79IDFC A1+ 6734.41PATEL ENGINEERING PR1+ 4702.23BAJAJ AUTO FINANCE P1+ 4695.62BILT GRAPHIC PAPER F1+ 4667.23ELECON ENGINEERING COMPANY PR1+ 3721.64TELEVISION EIGHTEEN A1+(SO) 2927.81H C C PR1+ 2426.60J K PAPER A1 2317.43PAREKH ALUMINEX PR1+ 1415.61AMALGMATED BEAN COFEE TRADING CO. PR1+ 931.27Certificate of DepositI D B I BANK A1+ 80379.91CENTRAL BANK OF INDIA PR1+ 28486.85VIJAYA BANK PR1+ 28389.41ALLAHABAD BANK A1+ 19053.80


Expense Ratio (as on 30/10/2009) : 0.47%

NAV (Rs.) as on 30/10/2009

Daily Dividend : 10.0000 Weekly Dividend : 10.0056Monthly Dividend : 10.0385 Growth : 12.1147

LICMF INCOME PLUS FUNDAn Open-ended Debt Scheme

DIVIDEND RECORD

Year Rate1989-90 12.50%1990-91 13.00%1991-92 13.50%1992-94 (18 months) 15.00%1994-95 7.50%1996-97 6.00%1997-98 10.00%1999-00 10.00%

Year Rate2001-02 10.00%2002-03 7.50%2003-04 17.00%2004-05 20.00%2005-06 28.00%2006-07 44.00%2007-08 30.00%2008-09 0.00%

Feb-08 0.06900000 0.06300000 0.06910000Mar-08 0.08220000 0.09270000 0.08290000Apr-08 0.06720000 0.06200000 0.06750000May-08 0.06860000 0.06340000 0.06870000Jun-08 0.07650000 0.08690000 0.07690000Jul-08 0.07880000 0.08860000 0.07910000Aug-08 0.07820000 0.07560000 0.07870000Sep-08 0.08850000 0.09690000 0.08890000Oct-08 0.09410000 0.08220000 0.09450000Nov-08 0.07390000 0.07850000 0.07510000

Dec-08 0.08630000 0.09820000 0.09370000Jan-09 0.07070000 0.05430000 0.07080000Feb-09 0.05580000 0.05660000 0.05590000Mar-09 0.06120000 0.06460000 0.06140000Apr-09 0.03920000 0.03839740 0.03920000May-09 0.04840000 0.04490000 0.04800000Jun-09 0.05200000 0.05690000 0.05220000Jul-09 0.05070000 0.04670000 0.05070000Aug-09 0.04070000 0.04650000 0.04090000Sep-09 0.04230000 0.04020000 0.04250000Oct-09 0.03850000 0.03500000 0.03850000

Month Daily Weekly Monthly



Avg. Maturity (in months) : 5.14Avg. Duration (in months) : 4.88

Expense Ratio (as at ) : 2. % 30/10/2009 50

Last 1 year 6.94%Since Inception 8.24%Benchmark (C Fund ~ LX) Return - last 1 year 6.27%

ANNUALISED RETURNS


DIVIDEND DECLARED

Money Mkt.0.27%

Debt 33.30%

.

Equity66.43%

INDIAN BANK F1+ 19043.44FEDERAL BANK P1+ 18933.61YES BANK A1+ 18853.12I C I C I BANK A1+ 14398.00VYSYA BANK P1+ 14006.57STATE BANK OF HYDERABAD A1+ 9512.85CORPORATION BANK P1+ 9509.63KARNATAKA BANK A1+ 9435.43CANARA BANK A1+ 7132.67SMALL IND. DEV BANK OF INDIA PR1+ 4719.05

Bank DepositsI C I C I BANK 25000.00


AAA, AA+, P1+ or Equivalent62.77%

P1, , A+Equivalent 18.54%

AA-- or

Bank Deposits1.95%

Money Market & Others16.75%

ICRA Assigns mfA1+ toLICMF Liquid Fund

Year 2008 has seen the most rare events since 1929. We have the world's

strongest economy heading towards recession. Largest financial

institutions like Bear Sterns and Lehman Brothers have faced bankruptcy

and others like AIG, Fannie Mae, etc bailed out while some like Goldman

Sachs, Morgan Stanley will have to convert to Bank to survive the current

turmoil. These events have had its own ripple effects. Across the globe, the

financial markets tumbled to its lowest. Governments of various countries

came up with stimulus packages that helped to rise from the financial

turmoil that left almost all world economies vulnerable to growth.

During the month of October 08 the mutual fund industry witnessed an

erosion of nearly 18% of the asset under management (AUM) to

Rs. 4,31,901 crore from Rs.5,29,103 crore in September. Reports said that

debt assets declined by as much as 60%.

During the previous year, LICMF Liquid Fund has been has been ranked

a seven star fund and awarded with the gold award for best performance in

the category of “open ended liquid plus” for three year period ending

December 31, 2008. LICMF Liquid Fund has also been ranked a five star

fund indicating performance among the top 10% in the category of “open

ended liquid plus” for one year period ending December 31, 2008. Also,

LICMF Liquid Fund received Morningstar Fund Awards (India) for India

Liquid Category held on March 06, 2009. This award also recognizes the

credibility of other ultra short-term funds of LIC Mutual Fund. Morningstar

is a leading provider of independent investment research internationally.

They are best known for rating funds and stocks and initiated mutual fund

awards in India previous year.

LICMF Liquid Fund was rated by Fitch as AA(Ind) on December 22, 2008.

With an intention to provide more comfort to our investors it was decided to

obtain a second rating from ICRA. On October 30, 2009, ICRA has assigned

Credit Risk Rating mfA1+ to LICMF Liquid Fund. mfA1+ rating is the

highest-credit-quality short-term rating assigned by ICRA to debt funds.

This scale applies to debt funds with weighted average maturity up to one

year. Such funds would generally include liquid funds and cash funds. The

rated fund carries the lowest credit risk, similar to that associated with

short-term debt obligations rated in the highest-credit-quality category.

- CIO's Desk


LICMF GROWTH FUNDAn Open-ended SchemeGrowth

PORTFOLIO (as on 30/10/2009) PORTFOLIO (as on 30/10/2009)


Expense Ratio (as on ) : % 30/10/2009 1.98

Last 1 year 80.99%Last 3 year 6.07%Since Inception 9.82%Benchmark (Sensex) Return - last 1 year 75.49%

ANNUALISED RETURNS


Holdings Mkt. Value(Rs. Lakh)


EquityL & T 579.85R I L 579.38O N G C 509.72G A I L 347.70H D F C BANK 333.50S B I 328.65B H E L 292.55H D F C 292.24CONCOR 291.47RELIANCE INFRASTRUCTURE 264.60I C I C I BANK 252.67POWER FINANCE CORPORATION 252.64BHARTI TELEVENTURE 197.20POWER TRADING CORPORATION OF INDIA 183.35N T P C 176.93NEYVELI LIGNITE CORPORATION 176.32S A I L 156.28TATA CHEMICALS 153.92A B B 153.57I T C 153.09DLF 148.00JAIPRAKASH ASSOCIATES 147.11T I S C O 141.48B E M L 140.53SIEMENS 128.61ELDER PHARMACEUTICALS 118.75PUNJAB NATIONAL BANK 114.43TATA MOTORS 104.53S C I L 97.80PETRONET LNG 97.05V S N L 94.76HUL 90.04G E SHIPPING 84.18PUNJ LLOYD 80.84RELIGARE ENTERPRISES 69.48ADITYA BIRLA NUVO 67.18IDEA CELLULAR 65.06RANBAXY LABORATORIES 58.58MUNDRA PORT & SEZ 55.04APOLLO HOSIPTALS & ENTERPRISES 53.46MADRAS CEMENT 46.80G A C L 44.48RELIANCE COMMUNICATION 43.99POWER GRID CORPORATION OF INDIA 40.86CAIRN INDIA 39.53ESSAR SHIPPING 36.03AXIS BANK 27.24SUZLON ENERGY 26.76BANK OF BARODA 25.46INFRASTRUCTURE DEVELOPMENT FINANCE 22.11RURAL ELECTRIFICATION CORPORATION 20.01OIL INDIA 19.35

LICMF TAX PLANAn Open-ended ELSS


DIVIDEND HISTORY

Month DividendMar-04 20.00%Mar-05 30.00%Aug-05 10.00%Mar-06 20.00%Oct-06 25.00%May-07 10.00%Oct-07 15.00%


Expense Ratio (as on ) : 1. %30/10/2009 90



Holdings Mkt. Value %

(Rs. Lakh) ContributionEquityS A I L 345.45R I L 251.06O N G C 215.21L & T 205.69T I S C O 188.64I T C 173.37S B I 164.33H D F C 159.41RELIANCE INFRASTRUCTURE 158.76RELIANCE COMMUNICATION 124.55BHARTI TELEVENTURE 122.26B H E L 99.77HUL 99.03V S N L 98.08TATA MOTORS 96.05I C I C I BANK 94.75IDEA CELLULAR 93.69A B B 92.14M U L 83.73H D F C BANK 81.07DLF 75.85CENTURY TEXTILES 68.87ADITYA BIRLA NUVO 68.45RANBAXY LABORATORIES 66.39G A C L 62.27NDTV Ltd 60.68KOTAK MAHINDRA BANK 57.32JAIPRAKASH ASSOCIATES 56.74RELIGARE ENTERPRISES 54.76STERLITE INDUSTRIES 54.01SIEMENS 51.45G A I L 36.15POWER FINANCE CORPORATION 30.28MADRAS CEMENT 29.27MUNDRA PORT & SEZ 24.52ESSAR SHIPPING 21.02SUZLON ENERGY 16.73UNITECH 16.45UNION BANK OF INDIA 13.11CAIRN INDIA 10.54BANK OF BARODA 10.18RURAL ELECTRIFICATION CORPORATION 10.00POWER GRID CORPORATION OF INDIA 8.24OIL INDIA 7.03

Holdings Market Value(Rs. in Lakhs)

Last 1 year

Last 3 years 0.04%

Since Inception 7.96%

Benchmark (Sensex) Return Last 1 year 75.49

60.19%

%

ANNUALISED RETURNS

DIVIDEND HISTORYMonth Dividend

Oct-07 15.00%

NAV (Rs.) as on 30/10/2009: DIVIDEND: 9.7420; GROWTH: 10.9843

NAV (Rs.) as on 30/10/2009; Dividend: 8.9880; Growth: 25.1036

Money Mkt.2.67%

Money Mkt.3.47%

Equity97.33%

Equity96.53%

UNITECH 16.45UNION BANK OF INDIA 13.11N H P C 7.40INDIABULLS POWER 6.23SATYAM COMPUTER SERVICES 5.11Total Equity 8073.39Debt 0.00Total - Debt 0.00Commercial Paper / Bank Deposit Cash ‘n’ Call, Current Assets & Receivables 221.24

N H P C 4.15INDIAN HOTELS 3.69SATYAM COMPUTER SERVICES 3.07INDIABULLS POWER 2.77Total Equity 3870.98Debt Total - Debt 0.00Commercial Paper / Bank Deposit 0.00Cash ‘n’ Call, Current Assets & Receivables 139.01

Market Review

DEBT REVIEW

EQUITY REVIEW

Liquidity was at ease and call rates were soft through out the period, on ample cash in the system. Overnight Call rates were hovering around the reverse-repo levels under the LAF indicating excess liquidity in the system. Call rates traded at 3.25/3.30 percent at the end of month.

RBI's second quarter Review of Monetary policy:

lGDP growth projection for 2008-09 retained at 6.0 per cent with an upward bias.

lWPI Inflation projection at End March 2010 placed at 6.5 per cent with an upward bias, higher than 5.0 percent projected in the July 2009 review.

lIndicative projection of money supply growth of 18 per cent set out in July 2009 Review is revised downwards to 17 percent.

lBank Rate, Repo Rate and Reverse Repo Rate kept unchanged.

lCRR unchanged at 5%.

lSLR hiked from 24percent to 25percent.

lNon-convertible debentures of less than one year to be brought under the regulation of Reserve bank of India. The Norms on NCDs may on the lines of the guidelines for issuance of commercial paper. The norms may be in place by November end.

lTo introduce plain vanilla OTC single-name CDS for corporate bonds soon for resident entities subject to appropriate safeguards

lTo issue Final guidelines on repo in corporate bonds by November end.

lSpecial term repo facility for scheduled commercial banks for funding to mutual funds, NBFCs, and housing finance companies (HFCs)] are being discontinued with immediate effect.

Monetary Policy Stance

lKeep a vigil on the trends in inflation and be prepared to respond swiftly and effectively through policy adjustments to stabilise inflation expectations.

lMonitor the liquidity situation closely and manage it actively to ensure that credit demands of productive sectors are adequately met while also securing price stability and financial stability.

lMaintain a monetary and interest rate regime consistent with price stability and financial stability, and supportive of the growth process.

The Headline inflation, as measured by the wholesale price index, rose 1.51 percent for the week ended October 17, 2009 its strongest pace since May 16 when it was 1.65 percent. Consumer Price Index (CPI) for the month of August rose to 11.7 percent.

Gsec market yield eased after RBI in its review restored the SLR levels back to 25 percent thus increasing demand for bonds. The 10- year benchmark 6.90 percent 2019 bond closed at a yield of 7.26 percent on 29th October 2009. On the corporate bond front, 5- year AAA paper was valued at a yield to maturity of 8.72 percent as on 29th October 2009.

By maintaining status quo on all key policy rates and withdrawing some of the special accommodative stance RBI has signaled a pragmatic shift in monetary stance, since rising inflation has become a major concern. However with economic recovery still in the nascent stage and GDP for the current Fiscal retained at 6 percent with an upward bias, RBI may wait for further clarity on inflation before hiking the key policy rates.

The BSE Sensex fell 7.2% in October and registered their biggest monthly fall in a year after they closed 1 per cent lower on the last trading day of the month.

The market was volatile in this month and was sensitive to the profit booking, Q2 results, global cues and domestic economic data. Till Diwali the BSE Sensex and Nifty moved up only by 1.11% and 1.14% respectively and closed on 17th October 09 i.e. Muhurat Trading at 17326.01 and 5141.80 respectively. Post Diwali, both the indices fell sharply by around 8% in 9 trading sessions. The BSE 30-share Sensex fell 1238.27 points or 7.22% to 15896.28 in the month. The S&P CNX Nifty declined 371.70 points or 7.31% to 4,711.70.

The U.S. economy grew at 3.5% in the third quarter for the first time in a year as consumer spending and investment in new home building rebounded. Data showed unofficially ending the worst recession in 70 years.

Corporate News:

The major IPO, Indiabulls Power Ltd, which raised about $380 million in a heavily subscribed IPO, slumped as much as 22% on debut and could hit investors appetite for a long and growing IPO pipeline. However, Thinksoft Global, which got listed at Rs.100 has surged 120 per cent from its listing price on the Bombay Stock Exchange (BSE).

The flat Q2 results of majors like Reliance Industries and Bharti Airtel brought down the stock prices heavily. The other index stocks to go down included DLF, Reliance Infrastructure, Hindalco and ICICI Bank with losses falling between 18.6% and 12.7%. Among the gainers were Tata Motors, Wipro, Sun Pharmaceutical, Grasim and Hindustan Unilever with gains between 3.2% and 0.9%. The other non-index stocks to go up included Crompton Greaves, Balrampur Chini, United Spirits, Dr Reddy's Laboratories, Ranbaxy Laboratories, PTC India and Voltas with gains between 10.4% and 3.1%. The biggest non-index loser was Aptech with a 31.0% loss. The other non-index stocks to go down included Ajmera Realty & Infra India, Reliance Natural Resources, Bank of India, Punj Lloyd, Dena Bank, Suzlon Energy and Ispat Industries with losses falling between 24.6% and 19.1%.

Institutional Activities:

The FIIs flow was moderate compare to the previous month. There was a net inflow of Rs 9077 crores during the month against the inflow of Rs.18344.30 crore in September 09. On the other hand, the domestic MFs turned net sellers with outflows of Rs 5309.10 crores during the month.

Sector Performance:

Except the FMCG all major sectoral indices posted negative monthly returns in this month. The FMCG posted positive returns of 8.30% where as the worst performers were Realty (-17.83%), Tech (-14.20%) and Oil & Gas (-11.04%). Even the Bankex and Auto who were the star performers in September 09 posted negative returns of 5.56% and 5.54% respectively.

Macro Developments:

lInflation based on wholesale price index was estimated at 1.2% on October 10,2009 showing a 5.9% increase over the March 2009 level. RBI has raised its forecast of inflation to be at 3% as against 1.3% estimated earlier.

lMid-term Review of RBI Monetary Policy: The review in the last week of October indicated the reversal of its accommodative monetary policy stance. Though the prime lending rates remained unchanged in this review, the SLR changed to 25%.

lThe GDP growth projected to be 6% for the FY2009-10

lThe core sector that constitute 26.7% in Index of Industrial Production registered a growth of only 4% after an impressive expansion of 7.8% in August mainly due to fall in the production of Coal and Cement.

lThe country's foreign exchange reserve rose by $684 million to $285.52 billion in the week ended 23/10/2009.

lExports declined by 13.8% to $13.6 billion in September 2009 over September 2008, preliminary data showed on 29 October 2009. The fall in exports in September 2009 was the lowest in the current financial year, showing gradual signs of recovery in the country's export sector.

The second quarter results of around 2000 odd companies showed that the topline was flat but the bottom line was increased around 43% due to better management of funds available through the stimulus packages and reduction in operating cost. The economic data is indicating recovery. The Central Bank has chalked out its exit policy by way of measures like closure of special repo windows, reduction in Government Borrowings, and increase in the Risk weightage to real estate sector; signaling tightening of the large liquidity in the market. With economy recovering the second half of the FY10 seems to be better. Investment in Equity at every dip would definitely fetch better returns in months to come.

OUTLOOK

13MUTUAL INTERESTMUTUAL INTEREST4

LICMF INDEX FUNDAn Open-ended Index Linked Equity Scheme

EquityR I L 1159.58INFOSYS TECHNOLOGIES 891.00L & T 777.21I C I C I BANK 742.50H D F C 563.87I T C 552.72S B I 476.22H D F C BANK 470.75O N G C 322.02BHARTI TELEVENTURE 305.69B H E L 295.59TATA CONSULTANCY SERVICES 258.37HUL 250.10T I S C O 243.01STERLITE INDUSTRIES 209.17JINDAL STEEL & POWER 207.80TATA POWER 184.51AXIS BANK 176.01M U L 156.59WIPRO 155.69N T P C 155.13M & M 154.05G A I L 131.96GRASIM INDUSTRIES 126.37RELIANCE INFRASTRUCTURE 124.97JAIPRAKASH ASSOCIATES 124.06HERO HONDA MOTORS 118.78CIPLA 117.87INFRASTRUCTURE DEVELOPMENT FINANCE 115.05TATA MOTORS 113.90DLF 113.18HINDALCO 111.69RELIANCE COMMUNICATION 100.22PUNJAB NATIONAL BANK 95.76CAIRN INDIA 95.60UNITECH 93.36SUN PHARMACEUTICALS 87.41S A I L 81.30RELIANCE CAPITAL 71.98IDEA CELLULAR 69.24A B B 65.87SIEMENS 65.68A C C 63.93G A C L 61.32B P C L 55.75H C L TECHNOLOGIES 55.21POWER GRID CORPORATION OF INDIA 50.52RANBAXY LABORATORIES 49.94RELIANCE POWER LTD 42.60SUZLON ENERGY 35.27Total Equity 11146.35Cash ‘n’ Call, Current Assets & Receivables 48.66

NIFTY PLAN - PORTFOLIO (as on )30/10/2009

TOTAL FUND (as on 30/10/2009) : Rs. 11195.01 Lakh

NAV (Rs.) as on 30/10/2009: Dividend: 9.5942; Growth: 26.0065

Last 1 yearLast 3 years 3.37%Since Inception 16.45%Benchmark NSE - Nifty Return (Last 1 year) 74.43

64.64%

%

ANNUALISED RETURNS

Equity R I L 516.38INFOSYS TECHNOLOGIES 349.67I C I C I BANK 286.05L & T 269.60H D F C 221.81I T C 219.93S B I 203.83H D F C BANK 191.56O N G C 157.76BHARTI TELEVENTURE 126.39B H E L 123.60HUL 100.56TATA CONSULTANCY SERVICES 99.84T I S C O 95.19STERLITE INDUSTRIES 94.88N T P C 84.98TATA POWER 72.36M U L 65.94M & M 62.83

SENSEX PLAN PORTFOLIO (as on 30/10/2009)

Holdings Mkt. Value (Rs. lakhs)





Last 1 yearsLast 3 years 1.98%Since Inception 18.68%Benchmark BSE - Sensex Return (Last 1 years) 75.49

72.74%

%

ANNUALISED RETURNS

SENSEX ADVT. PLAN PORTFOLIO (as on 30/10/2009)

Month Dividend (%)Nifty Sensex Sensex Advt.

Nov-03 13 13 151Jan-04 16 15 7

Aug-05 25Nov-05 40Jan-06 50Feb-06 50Nov-06 50Feb-07 50Mar-07 20 25Mar-08 20 15









Last 1 yearLast 3 years 1.14%Since Inception 18.07%Benchmark BSE - Sensex Return (Last 1 year) 75.49

67.47%

%

ANNUALISED RETURNS

DIVIDEND HISTORY


Holdings Mkt. Value (Rs. lakhs)EqutiyR I L 52.55INFOSYS TECHNOLOGIES 34.89BHARAT ELECTRONICS 28.70I C I C I BANK 27.90L & T 26.58I T C 21.95H D F C 21.79S B I 19.87H D F C BANK 18.76O N G C 16.01BHARTI TELEVENTURE 12.97B H E L 12.35HUL 10.01TATA CONSULTANCY SERVICES 9.96T I S C O 9.20STERLITE INDUSTRIES 9.10N T P C 8.49S A I L 8.23NDTV Ltd 8.09TATA POWER 7.37UNITECH 6.58M U L 6.45M & M 6.15SUZLON ENERGY 6.02WIPRO 5.78INDIA CEMENTS 5.52HERO HONDA MOTORS 5.03RELIANCE INFRASTRUCTURE 5.01DLF 4.99INFRASTRUCTURE DEVELOPMENT FINANCE 4.86JAIPRAKASH ASSOCIATES 4.68GRASIM INDUSTRIES 4.67TATA MOTORS 4.42RELIANCE COMMUNICATION 4.25HINDALCO 4.21SUN PHARMACEUTICALS 3.77ADITYA BIRLA NUVO 3.16RANBAXY LABORATORIES 3.09A C C 2.50Total Equity 455.88Cash ‘n’ Call, Current Assets & Receivables 49.27

WIPRO 58.15DLF 51.14HERO HONDA MOTORS 51.08RELIANCE INFRASTRUCTURE 50.27GRASIM INDUSTRIES 48.88JAIPRAKASH ASSOCIATES 47.98TATA MOTORS 45.40HINDALCO 43.99RELIANCE COMMUNICATION 41.25SUN PHARMACEUTICALS 37.18A C C 25.20Total Equity 3843.69Cash ‘n’ Call, Current Assets & Receivables 72.98

SCHEMES

26th March 99

To generate attractive returns for our investors by investing in quality debt securities and money market instruments.

Debt

Dividend / Growth

Nil

1% if exit within 1 year

Rs. 5000/-

Redemption on all business days

On all business days

SIP / SWP / STP / AWOCA

Available

Quarterly

15th November 99

To generate steady and consistent returns for our investors by timing the government securities market.

Debt - Gilt

PF / Regular

Dividend / Growth

Nil


Regular Plan: Rs. 5,000/-PF Plan: Rs. 10000/-




Available

Quarterly

26th September 01

To generate long term capital appreciation through judicious mix of quality debt & equity instrument at moderate risk levels through research based investments.

Balanced

Growth

Nil


Rs. 5000/-




Available

As and when available

29th May 03

To generate income by investing in a portfolio of quality short term debt securities.

Debt - Short Term

Dividend / Growth

Nil

Nil

Rs. 5000/-




Available

Monthly / Daily / Weekly

Bond Fund G-Sec Fund Savings Plus Fund Children’s Fund

11th March 02

To generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market and quality debt instruments

Debt - Liquid

Dividend / Growth

Nil

Nil

Rs. 25000/-


On all days

STP

Available

Daily

1st June / 03

To generate regular income by investing mainly in quality debt and money market instruments with some portion in equity/equity related instruments for long term capital appreciation.

Debt

Monthly Div./Quarterly Div. Yearly Div./Growth

Nil


Rs. 5000/-




Available

Monthly / Quarterly / Yearly

15th March 2004

To generate consistent returns by investing mainly in floating rate instruments/fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk for the investor.

Debt - Floating

Dividend / Growth

Nil

Nil

Rs. 5,000/- and thereafter in multiples of Rs. 500/-.


On all days


Available

Daily / Weekly

19th June 89

To generate long term capital appreciation and offer Tax rebate u/s 80 C as well as additional benefits of a life & insurance cover free accident insurance cover.

Insurance linked tax saving

Single Premium-5/10 year termRegular Contribution-10/15 year term

Dividend Re-investment

Nil

Nil

Rs. 10000/- under Single Premium Rs. 1000/- under Regular Premium- yearly option, Rs. 100/- under Regular Premium - monthly option



SIP / STP

Available


Liquid Fund Monthly Income Plan Unit Linked Insurance Scheme Floating Rate Fund - STP

Launch Date

Objective

Type

Plans

Options

Entry Load

Exit Load

Minimum Investment

Liquidity

NAV Declaration

Special Facilities

Nomination

Dividend Frequency

Launch Date

Objective

Type

Plans

Options

Entry Load

Exit Load

Minimum Investment

Liquidity

NAV Declaration

Special Facilities

Nomination

Dividend Frequency


LICMF EQUITY FUNDAn Open-ended Equity Scheme

LICMF OPPORTUNITIES FUNDAn Open-ended Growth Scheme







Last 1 yearLast 3 year 0.20%Since Inception 10.72%Benchmark (BSE-200) Return Last 1 year 82.93%

59.22%ANNUALISED RETURNS


DIVIDEND HISTORYMonth DividendFeb-06 20.00%Oct-06 25.00%Nov-07 30.00%


EquityR I L 603.52L & T 470.15S A I L 384.62N T P C 331.08S B I 306.74O N G C 283.18H D F C 265.68G A I L 260.78RELIANCE INFRASTRUCTURE 254.02POWER GRID CORPORATION OF INDIA 229.35B H E L 221.71I C I C I BANK 221.09BHARTI TELEVENTURE 216.19POWER TRADING CORPORATION OF INDIA 212.73A C C 204.19H D F C BANK 202.66PETRONET LNG 194.10RELIANCE COMMUNICATION 184.75T I S C O 146.20SIEMENS 143.90POWER FINANCE CORPORATION 140.07JAIPRAKASH ASSOCIATES 136.60CONCOR 131.29I O C L 125.64I T C 114.82INFRASTRUCTURE DEVELOPMENT FINANCE 103.18NDTV Ltd 101.14HUL 99.03TATA POWER 94.02A B B 92.14V S N L 90.23ABAN OFFSHORE 89.28S C I L 78.24G A C L 71.16RANBAXY LABORATORIES 66.46CAIRN INDIA 61.74PUNJ LLOYD 60.63ADITYA BIRLA NUVO 56.44MUNDRA PORT & SEZ 55.04M U L 54.62IDEA CELLULAR 52.05NEYVELI LIGNITE CORPORATION 43.80STERLITE INDUSTRIES 38.58G E SHIPPING 36.08

An Open-ended Equity Scheme




Expense Ratio (as on ) : %30/10/2009 2.03



Equity R I L 856.99N T P C 534.83L & T 509.12H D F C 478.22JAIPRAKASH ASSOCIATES 472.84S B I 427.25B H E L 424.11S A I L 378.35PETRONET LNG 323.82KOTAK MAHINDRA BANK 321.26RELIANCE INFRASTRUCTURE 310.13O N G C 290.56G A I L 278.16BHARTI TELEVENTURE 271.70I C I C I BANK 252.67TATA MOTORS 248.28I F C I 221.00TATA POWER 220.45V S N L 212.34CAIRN INDIA 210.80SIEMENS 180.06I T C 178.61H D F C BANK 162.13I O C L 157.05DLF 148.00M U L 132.30A B B 130.60HUL 124.50RANBAXY LABORATORIES 117.15IDEA CELLULAR 104.10POWER GRID CORPORATION OF INDIA 98.79PUNJAB NATIONAL BANK 93.93G A C L 71.16RELIGARE ENTERPRISES 69.82NEYVELI LIGNITE CORPORATION 68.37UNITECH 65.80ADITYA BIRLA NUVO 61.25MUNDRA PORT & SEZ 50.04ORIENTAL BANK OF COMMERCE 48.16MADRAS CEMENT 43.06STERLITE INDUSTRIES 38.58INDIAN HOTELS 36.85CIPLA 28.23SUZLON ENERGY 26.76BANK OF BARODA 25.46

ANNUALISED RETURNS


Last 1 year 71.07%Last 3 years 4.83%Since Inception 9.35%Benchmark (Sensex) Return Last 1 year 75.49%

DIVIDEND HISTORY

Month DividendMar-04 12.00%Mar-05 10.00%Nov-05 20.00%Oct-06 25.00%Nov-07 50.00%

Money Mkt.4.69%

Equity93.51%

ESSAR SHIPPING 36.03TATA MOTORS 28.25BANK OF BARODA 25.46UNITECH 24.68MADRAS CEMENT 21.53SUZLON ENERGY 20.07RURAL ELECTRIFICATION CORPORATION 20.01OIL INDIA 19.35INDIAN HOTELS 14.74UNION BANK OF INDIA 13.11N H P C 7.40INDIABULLS POWER 6.23SATYAM COMPUTER SERVICES 5.11VIJAYA BANK 4.39Total - Equity 7575.20Debt 0.00Total - Debt 0.00Cash ‘n’ Call, Current Assets & Receivables 317.20

I D B I 22.73RURAL ELECTRIFICATION CORPORATION 20.01OIL INDIA 19.35AXIS BANK 18.16RELIANCE COMMUNICATION 17.60UNION BANK OF INDIA 13.11POWER TRADING CORPORATION OF INDIA 11.85N H P C 8.88VIJAYA BANK 6.58INDIABULLS POWER 6.23SATYAM COMPUTER SERVICES 5.11Total - Equity 9653.19Debt 0.00Total Debt 0.00Cash ‘n’ Call, Current Assets & Receivables 474.97

SNAPSHOT

31st January 2005

The investment objective of the scheme is to provide capital growth in long-term with reasonable risk levels by investing mainly in companies which are in sector/s, which have a high growth potential at that point to time.

Equity - Diversified

Dividend / Growth

Nil


Rs. 5000/-




Available


1st January 1997

To provide capital growth alongwith tax rebate and tax relief u/s 80 C to our investors through Prudent Investments in the stock market.

ELSS

Dividend / Growth

Nil

Nil

Rs. 500/-




Available


21st September 2004

The investment objective of the scheme is to generate regular income by investing mainly in floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk and at the same time aiming at generating capital appreciation in a long term by investing in equity / equity related instruments.

Debt

Plan A / Plan B

Monthly Div. / Quarterly Div. / Yearly Div. / Growth

Nil


Rs. 5000/-




Available


14th November 02

To provide capitalgrowth by investing in index stocks.

Equity - Index

Sensex / Nifty / Sensex Advantage

Dividend / Growth

Nil


Rs. 2000/-




Available


16th April 98

To obtain maximum possible maximum possible growth consistent with reasonable levels of safety and security by investing mainly in equities.


Dividend / Growth

Nil


Rs. 2000/-




Available


1st January 91

To provide regular returns & capital appreciation according to the slection of the plan by investing in equities & debt.

Balanced

Dividend / Growth

Nil


Rs. 1000/-




Available


Index Fund Growth Fund Balanced Fund Equity Fund

Opportunities Fund Tax Plan Floater MIP

SIP: Systematic Investment Plan; SWP: Systematic Withdrawal Plan; STP: Systematic Transfer Plan; AWOCA: Automatic Withdrawal of Capital AppreciationNote : SWP & AWOCA are available under growth options only.

1st September 99

To provide capital growth by investing in a mix of equity instruments.


Dividend / Growth

Nil


Rs. 2000/-




Available


Income Plus Fund

28th May 2007

To provide reasonable possible current income - consistent with preservation of capital & providing liquidity from investing in a diversified portfolio of Short-Term Money Market & Debt securities.

Debt

Dividend Frequency :Daily / Weekly / Monthly

Dividend / Growth

Nil

Nil

Rs. 5,00,000/-



STP

Available

Daily / Weekly / Monthly


LICMF BOND FUNDAn Open-ended Debt Scheme

PORTFOLIO (as on )30/10/2009



DIVIDEND HISTORY

Last 1 yearLast 3 years 8.60%Since inception (09.05.1999) 9.18%

Benchmark (C CompBex) Return (Last 1 year) 9.61

12.76%

%

ANNUALISED RETURNS

PORTFOLIO RATING ANALYSIS

Month Gross Div. (%) Month Gross Div. (%)


DEBT

I R F C AAA 1121.16

I O C L AA+ 1041.74

RURAL ELECTRIFICATION CORPORATION AAA 980.50

I C I C I BANK AAA 800.00

S A I L AAA(SO) 533.33

H U D C O AA 518.20

CITI BANK AAA 511.42

GSEC 8.33% 2036 AAA 500.35

GSEC 6.05% 02/02/2019 AAA 453.45

JET AIRWAYS (JUS TRUST PTC) AAA(SO) 340.55

DEVELOMENT CREDIT BANK A- 1202.45

BOB HOUSING FINANCE(PTC NHB) AAA(SO) 57.47

ANDHRA BANK PTC (NHB) AAA(SO) 34.64

COMMERCIAL PAPER/ BANK DEPOSIT


Holdings Rating Mkt. Value(Rs.Lakhs)

LICMF G-SEC FUNDAn Open-ended Gilt Scheme


GSEC 7.95% 2032 AAA 5286.05

GSEC 7.95%2032 AAA 3363.85

GSEC 8.33% 2036 AAA 2001.4

GSEC 6.05% 02/02/2019 AAA 1360.35


GSEC 8.24% 2027 AAA 500.3

Commercial Paper / Bank Deposit



Last 1 year

Last 3 years 4.79%

Since inception (29.11.1999) 7.98%

Benchmark (I Sec Composite Gilt) Return

Last 1 year 8.35%

0.18%

ANNUALISED RETURNS


NAV (Rs.) as on / /200Reg.: 10.0989 Reg.Gr.: 21.4950;

PF-Div. 12.3950; PF-Gr. : 12.3950

30 10 9

Securities Rating Mkt. Value (Rs. Lakhs) DIVIDEND HISTORY


Mar-00 2.50%

May-00 2.50%

Nov-00 2.50%

Mar-01 3.50%

Jul-01 3.00%

Nov-01 3.50%

Mar-02 7.00%

Jul-02 3.00%

Oct-02 3.50%

Jan-03 4.00%

Apr-03 4.00%

Jun-03 3.50%

Sep-03 3.50%

Dec-03 3.00%

Mar-04 3.00%

Jun-04 0.75%

Sep-04 0.50%

Mar-09 2.00%

Jul-09 2.00%

Oct-09 2.00%



May-00 3.00%Nov-00 3.50%Mar-01 4.50%Jul-01 4.00%Nov-01 3.50%Mar-02 3.50%Jul-02 3.00%Oct-02 3.00%Jan-03 3.00%Jun-03 2.25%Sep-03 2.25%Dec-03 2.00%Mar-04 1.50%Jun-04 1.00%Sep-04 0.50%Dec-04 1.00%Mar-05 1.50%Jul-05 1.50%

Oct-05 1.00%Jan-06 1.00%Mar-06 1.00%Jul-06 2.00%Oct-06 4.00%Jan-07 1.00%Mar-07 1.00%Jul-07 2.50%Oct-07 2.50%Jan-08 2.00%Mar-08 1.50%Jul-08 1.50%Oct-08 1.50%Jan-09 2.00%Mar-09 2.50%Jul-09 2.00%Oct-09 2.00%





AA, AA-, A, PR1+(SO) & Others18.00%

AAA45.69%

AA10.90%

+

Money Market15.31%

AAA (SO) 10.11%

LICMF LIQUID FUNDAn Open-ended Liquid Scheme


Bonds / Debentures

WELSPUN GUJARAT STAHL ROHREN A+ 10570.00

I R F C AAA 9166.92


P F C AAA 2491.25

BAJAJ HINDUSTAN F1 30000.00

RANBAXY HOLDING A1+ 20000.00

SIMPLEX INFRASTRUCTURES PR1+ 16000.00

JAIPRAKASH ASSOCIATES PR1+ 15000.00

TRAPTI TRADING & INVESTMENT PVT LTD A1+ 10000.00

JINDAL STEEL & POWER A1+ 10000.00


L & T FINANCE PR1+ 10000.00

HINDUSTTHAN NATIONAL GLASS & INDS PR1+ 10000.00

ICICI SECURITIES P1+ 10000.00

STERLITE OPTICAL TECHNOLOGIES P1 10000.00

CENTURY TEXTILES F1+ 10000.00

ALKEM LABORATORIES P1+ 10000.00

MAGMA LEASING AA 7768.33


ORIENT PAPERS & INDUSTRIES A1+ 5000.00

DEWAN HOUSING FINANCE AA+ 5000.00

TGS INVESTMENT & TRADE A1+ 5000.00

UNITED PHOSPHOROUS PR1+ 5000.00

EMAMI PAPER MILLS LTD PR1+ 5000.00

TRAPTI TRADING & INVESTMENT A1+ 5000.00

LANCO INDUSTRIES PR1+ 4000.00

COX AND KINGS PR1+ 3500.00

MAGMA LEASING AA- 3000.00

GENUS POWER INFRA F1 2300.00

DIC INDIA LTD P1+ 2000.00

BAJAJ ELECTRICALS P1 1000.00

SREI INFRASTRUCTURE FINANCE AA 143.50

NHB LOAN SECURITISATION TRUST SERIE P1+(SO) 20025.41

Commercial Paper


INDIABULLS FINANCIAL SERVICES P1+ 40697.21

TATA CAPITAL A1+ 27398.48

RELIGARE FINVEST A1+ 18318.57

ICICI HOME FINANCE COMPANY A1+ 18146.02

SHRIRAM TRANSPORT FINANCE F1+ 17769.93

GARDEN SILK MILLS PR1+ 14831.19

MAGMA FINCORP PR1+ 13695.38

TATA MOTORS A1+ 13251.71

R I L P1+ 9948.46

MUNDRA PORT & SEZ A1+ 9929.47

BHUSHAN STEEL & STRIPS PR1+ 9157.53

MERCATOR LINES PR1+ 9095.66

IL&FS INVESTSMART F1+ 8916.12

FIRST LEASING PR1+ 8801.02

ABG SHIPYARD PR1+ 4397.06

BAJAJ AUTO FINANCE P1+ 4297.82

PATEL ENGINEERING PR1+ 4274.75

RAYMOND PR1+ 3716.16

NATIONAL ENGINEERING INDUSTRIES LTD PR1+ 1975.91

Certificate of Deposit

ORIENTAL BANK OF COMMERCE P1+ 9250.93

EXIM AAA 9248.24

ANDHRA BANK F1+ 9247.44

I D B I BANK P1+ 7663.69

CANARA BANK P1+ 4608.93

Last 1 yearLast 3 year 7.94%Since Inception (18.03.2002) 6.83%Benchmark © Fund ~LX) Return (Last 1 year) 6.28

6.71%

%

ANNUALISED RETURNS


Holdings Rating Mkt. Value (Rs. lakhs)



TOTAL FUND (as on 3 ) : Rs. Lakh1/10/2009 1211853.00



DIVIDEND HISTORY

Jan-04 0.0327Feb-04 0.0335Mar-04 0.0298Apr-04 0.0329May-04 0.0368Jun-04 0.0285Jul-04 0.0145Aug-04 0.0417Sep-04 0.0339Oct-04 0.0333Nov-04 0.0448Dec-04 0.0348Jan-05 0.0461Feb-05 0.0400Mar-05 0.0422Apr-05 0.03933992May-05 0.04240000Jun-05 0.04089337Jul-05 0.04210000Aug-05 0.04250000Sep-05 0.04100000Oct-05 0.04455476Nov-05 0.04749685Dec-05 0.04943670Jan-06 0.05202764Feb-06 0.04836850Mar-06 0.07196284Apr-06 0.05065708May-06 0.05328228Jun-06 0.05243226Jul-06 0.05969500Aug-06 0.06310000Sep-06 0.06340000Oct-06 0.06860000Nov-06 0.06750000

Avg. Maturity (in month) : 1.90

Avg. Duration (in month) : 1.80

Dec-06 0.06280627Jan-07 0.07300000Feb-07 0.06420000Mar-07 0.07660000Apr-07 0.07970000May-07 0.07980000Jun-07 0.06120000Jul-07 0.05370000Aug-07 0.06730000Sep-07 0.06430000Oct-07 0.06980000Nov-07 0.07360000Dec-07 0.07930000Jan-08 0.07750000Feb-08 0.07470000Mar-08 0.07973000Apr-08 0.07280000May-08 0.07830000Jun-08 0.08110000Jul-08 0.08440000Aug-08 0.08610000Sep-08 0.08700000Oct-08 0.09810000Nov-08 0.08640000Dec-08 0.08750000Jan-09 0.07920000Feb-09 0.08620000Mar-09 0.06830000Apr-09 0.05280000May-09 0.04973000Jun-09 0.04820000Jul-09 0.04720000Aug-09 0.04590000Sep-09 0.04220000Oct-09 0.04780000

Month Gross DividendMonth Gross Dividend

Bank Deposits

CENTRAL BANK OF INDIA 70000.00

BANK OF INDIA 50000.00

H D F C BANK 6500.00

AXIS BANK 2500.00



Money Market & Other36.35%

P1, , A+Equivalent

5.85%

AA-- or

Bank Deposits10.64%


LICMF BALANCED FUNDAn Open-ended Balanced Scheme





DebtGSEC 6.05% 02/02/2019 AAA 272.07GSEC 7.35% 22/06/2024 AAA 186.30

TOTAL - DEBT 458.37



NAV (Rs.) as on 30/10/2009 : Dividend: 10.2873; Growth: 48.6714

Last 1 yearLast 3 years 3.91%Since Inception 7.17%

Benchmark (C BalanceEx) Return (Last 1 year) 54.37

36.43%

%

ANNUALISED RETURNS



Month DividendNov-04 3.50%Mar-05 8.50%Aug-05 10.00%Nov-05 7.50%Feb-06 8.50%Apr-06 17.00%Sep-06 10.00%Jan-07 15.00%Oct-07 15.00%

DIVIDEND HISTORY



EquityI D B I 193.21POWER GRID CORPORATION OF INDIA 178.88G A C L 177.90BHARTI TELEVENTURE 175.29JYOTI STRUCTURES LTD. 166.56RANBAXY LABORATORIES 156.20RELIANCE COMMUNICATION 149.56YES BANK 141.93HUL 141.48L & T 141.04POWER TRADING CORPORATION OF INDIA 113.43POWER FINANCE CORPORATION 98.37S A I L 94.76TATA CONSULTANCY SERVICES 93.93HINDALCO 79.27INFRASTRUCTURE DEVELOPMENT FINANCE 73.70PETRONET LNG 64.70ANDHRA BANK 36.71UCO BANK 35.42INDIABULLS POWER 1.73Total Equity 2314.06

LICMF CHILDREN’S FUNDAn Open-ended Balanced Scheme for Children

TOTAL FUND (as on / 0/2009) : Rs. Lakh30 1 674.30

NAV (Rs.) as on 30/10/2009 : 9.7596

Last 1 year

Last 3 years -12.86%

Since inception (12/11/2001) -0.30%

Benchmark ) Return Last 1 year 54.37

43.33%

(C BalanceEx %

ANNUALISED RETURNS




Equity

S B I 70.11

R I L 57.94

ADANI ENTERPRISES 50.20

ADLABS FILMS 45.57

I F C I 44.20

RELIANCE INFRASTRUCTURE 42.34

JAIPRAKASH ASSOCIATES 42.03

RELIANCE CAPITAL 37.28

RANBAXY LABORATORIES 11.72

RELIANCE COMMUNICATION 7.04

ADLABS FILMS 0.00

SHRIRAM TRANSPORT FINANCE 108.55

Total Equity 516.97

Debt

Total Debt 0.00

Commercial Paper/ Bank Deposits


Holdings Rating Mkt. Value (Rs. lakhs) Avg. Maturity (in month) : 0.00


Money Mkt.23.33%

Money Mkt.2.98%

Debt 16.04%

.

Equity76.67%

Equity80.98%

LICMF FLOATING RATE FUND - STPAn Open-ended Income Fund


TOTAL FUND (as on 3 / 0/2009) : Rs. Lakhs0 1 180913.64

LICMF SAVINGS PLUS FUND(An open-ended income scheme)


Debt Instruments WELSPUN GUJARAT STAHL ROHREN A+ 2430.00PUNJ LLOYD AA 719.13JSW STEEL PR1+ 49640.00VIDEOCON INDUSTRIES F1 40000.00ALOK INDUSTRIES PR1+ 25000.00RANBAXY HOLDING A1+ 20000.00BHUSHAN STEEL & STRIPS PR1 20000.00RANBAXY HOLDING A1+ 20000.00JAIPRAKASH ASSOCIATES PR1 10000.00MUTHOOT FINANCE A1+ 10000.00BHUSHAN POWER AND STEEL PR1 10000.00REI AGRO PR1 10000.00L & T FINANCE PR1+ 10000.00TULIP IT SERVICES PR1 10000.00AMTEK AUTO PR1+ 10000.00OSCAR INVESTMENTS A1+ 10000.00SREI INFRASTRUCTURE FINANCE PR1+ 9900.00DECCAN CHRONICLE PR1+ 6000.00BIRLA TMT HOLDING P1+ 5000.00KOTAK SECURITIES A1+ 5000.00ALOK INDUSTRIES PR1 5000.00SUNDARAM FINANCE A1+ 5000.00ARCH PHARMALABS A1 5000.00ICICI SECURITIES P1+ 5000.00GRABAL ALOK IMPEX PR1 4750.00TRAPTI TRADING & INVESTMENT PVT LTD A1+ 4000.00NAMAN FINANCE AND INVESTMENT A1+ 3000.00COX AND KINGS PR1 2500.00MAGMA LEASING AA 2500.00EMAMI PAPER MILLS LTD PR1+ 2500.00COX AND KINGS PR1+ 2000.00COX AND KINGS PR1 1800.00FENNER INDIA P1 1000.00Commercial PaperINDIABULLS FINANCIAL SERVICES P1+ 60869.84CHOLAMANDALAM DBS FINANCE A1+ 51394.68TATA MOTORS FINANCE A1 46658.84RELIGARE SECURITIES P1 38303.37RELIGARE FINVEST A1+ 38284.84ABG SHIPYARD PR1+ 27912.30HOUSING DEVELOPMENT FINANCE CORPN A1+ 19536.04RELIANCE CAPITAL A1+ 19122.79RELIANCE COMMUNICATION PR1+ 18829.60TATA CAPITAL A1+ 16303.37R I L P1+ 9948.46PUNJ LLOYD PR1+ 9725.76SAPOORJI PALLONJI A1+ 9557.07RELIANCE SECURITIES A1+(SO) 9526.11FUTURE CAPITAL HOLDINGS PR1+ 9413.28BHUSHAN POWER AND STEEL F1+ 9382.45TATA MOTORS A1 9369.30BILT GRAPHIC PAPER F1+ 9347.47ADLABS FILMS A1+ 7064.41UNITED PHOSPHOROUS PR1+ 4909.12KEC INTERNATIONAL A1 4850.50SUNDARAM FINANCE P1+ 4695.62SUNDARAM FINANCE A1+ 4691.23RELIANCE SECURITIES A1+ 4680.28BALLARPUR INDUSTRIES F1+ 4652.05ESSAR STEEL F1 4652.05BAJAJ AUTO FINANCE P1+ 4524.59KEC INTERNATIONAL A1+ 3891.41TELCO CONSTRUCTION EQUIPMENT CO. A1+ 2958.66ESSAR SHIPPING PORTS & LOGISTICS PR1 2791.23MAGMA FINCORP PR1+ 2788.64INDIAN HUME PIPES CO LTD PR1+ 970.10RAYMOND PR1+ 570.64Certificate of DepositI D B I BANK A1+ 33079.39VIJAYA BANK PR1+ 19015.78ALLAHABAD BANK A1+ 9526.90KARNATAKA BANK A1+ 9435.43VYSYA BANK P1+ 9360.70I D B I BANK P1+ 1572.48Bank DepoistsBANK OF INDIA 50000.00UNION BANK OF INDIA 50000.00Cash ‘n’ Call, Current Assets & Receivables 127758.35

TOTAL FUND (as on / /2009) : Rs. Lakh30 10 1109664.26


Benchmark (C Fund ~LX) Return 6.27%

7.44%

ANNUALISED RETURNS



DIVIDEND DECLARED (Dividend Option)

Mar-05 0.0458Apr-05 0.0458May-05 0.0458Jun-05 0.0458Jul-05 0.0458Aug-05 0.0458Sep-05 0.0350Oct-05 0.0400Nov-05 0.04162Dec-05 0.04167Jan-06 0.04167Feb-06 0.04167Mar-06 0.01400672Apr-06 0.04167000May-06 0.04167000Jun-06 0.05000000Jul-06 0.05000000Aug-06 0.05000000Sep-06 0.05000000Oct-06 0.05000000Nov-06 0.05000000Dec-06 0.03000000Jan-07 0.07000000Feb-07 0.04000000Mar-07 0.08000000Apr-07 NilMay-07 NilJun-07 0.02000000

Month Gross Div. (%)Monthly Weekly Daily


Jul-07 0.02000000Aug-07 0.04000000Sep-07 0.05000000Oct-07 0.09000000Nov-07 0.07520000Dec-07 0.09680000Jan-08 0.09670000Feb-08 0.10240000Mar-08 0.07810000Apr-08 0.06460000May-08 0.06340000Jun-08 0.03380000Jul-08 0.01930000Aug-08 0.07390000Sep-08 0.07160000Oct-08 0.04880000Nov-08 0.06650000Dec-08 0.01030000Jan-09 0.55670000 0.07490000 0.07300000Feb-09 0.06320000 0.06500000 0.06250000Mar-09 0.06970000 0.07310000 0.06940000Apr-09 0.04850000 0.04760000 0.04830000May-09 0.05310000 0.04890000 0.05220000Jun-09 0.05670000 0.06180000 0.05670000Jul-09 0.05060000 0.04640000 0.05050000Aug-09 0.04150000 0.04740000 0.04140000Sep-09 0.04180000 0.04000000 0.04180000Oct-09 0.04180000 0.03780000 0.04170000

Bonds / DebenturesVIDEOCON INDUSTRIES F1 20000.00USHA MARTIN PR1+ 10000.00TRAPTI TRADING & INVESTMENT PVT LTD A1+ 10000.00OSCAR INVESTMENTS A1+ 10000.00ALOK INDUSTRIES PR1+ 10000.00SHREE CEMENT LTD PR1+ 10000.00RANBAXY HOLDING A1+ 10000.00JINDAL STEEL & POWER A1+ 7500.00AMTEK AUTO PR1+ 5000.00JAIPRAKASH ASSOCIATES PR1+ 5000.00SUNDARAM FINANCE P1+ 5000.00TGS INVESTMENT & TRADE A1+ 5000.00INDIAN HUME PIPES CO LTD PR1+ 2000.00Commercial PaperRELIANCE CAPITAL A1+ 13954.84R I L P1+ 9948.46TELEVISION EIGHTEEN A1+(SO) 9527.72RELIANCE COMMUNICATION PR1+ 9413.28INDIABULLS FINANCIAL SERVICES P1+ 9391.24ESSAR STEEL F1 9347.47AFCONS INFRASTRUCTURE P1+ 4717.72TATA MOTORS A1+ 4505.73FIRST LEASING PR1+ 2703.44MUNDRA PORT & SEZ A1+ 2482.37L&T INFRASTRUCTURE FINANCE A1+ 2388.52ADLABS FILMS A1+ 960.77Certificate of DepositVYSYA BANK P1+ 4731.07Cash ‘n’ Call, Current Assets & Receivables -12658.98








GROSS DIVIDEND DECLARED (Rs. Per Unit)

Last 1 yearLast 3 year 8.56%Since Inception 7.22%Benchmark (C Fund ~LX) Return

7.23%

6.27%


Mar-06 0.03919996

Apr-06 0.03919999

May-060.05522018

Jun-06 0.04748464

Jul-06 0.06431700

Aug-06 0.05345360

Sep-06 0.05495360

Oct-06 0.07181700

Nov-06 0.06095360

Dec-06 0.05386606

Jan-07 0.07841700

Feb-07 0.06585360

Mar-07 0.06555360

Apr-07 0.09231700

May-070.07105360

Jun-07 0.05555360

Jul-07 0.06071700

Aug-07 0.06475360

Sep-07 0.07391700

Oct-07 0.06845360

Nov-07 0.06515360

Dec-07 0.06975360

Jan-08 0.09361700

Feb-08 0.07255360

Mar-08 0.09801700

Apr-08 0.06945360

May-080.07005360

Jun-08 0.08871700

Jul-08 0.07485360

Aug-08 0.07655360

Sep-08 0.09821700

Oct-08 0.08135360

Nov-08 0.08115360

Dec-08 0.09231700

Jan-09 0.07085360

Feb-09 0.06962420

Mar-09 0.07181700

Apr-09 0.03985360

May-090.04605360

Jun-09 0.05971700

Jul-09 0.04655360 0.01800000

Aug-09 0.05031700 0.04310000

Sep-09 0.04205360 0.04370000

Oct-09 0.04145360 0.04470000

ANNUALISED RETURNS

NAV (Rs.) as on 30/10/2009: Daily Dividend : 10.0000;Monthly Dividend: 10.0418; Weekly Dividend: 10.0057; Growth: 14.3402

NAV (Rs.) as on 30/10/2009: Daily Dividend : 10.0000;Weekly Dividend: 10.1521; Growth: 14.8048

Month Weekly DailyMonth WeeklyMonth WeeklyMonth Weekly



Bank Deposits9.01%


AA-- or

MUTUAL INTEREST8 MUTUAL INTEREST 9

LICMF FLOATER MIPAn Open-ended income Scheme


EquityL & T 125.37POWER GRID CORPORATION OF INDIA 125.10PETRONET LNG 113.23I D B I 85.24VOLTAS 79.33RELIANCE COMMUNICATION 58.49BHARTI TELEVENTURE 58.43POWER TRADING CORPORATION OF INDIA 55.72BAJAJ HINDUSTAN 49.06G A C L 35.58YES BANK 35.48INFRASTRUCTURE DEVELOPMENT FINANCE 29.48HUL 28.30 Bonds / DebenturePUNJ LLOYD AA 1034.18GSEC 6.05% 02/02/2019 AAA 861.56SHRIRAM TRANSPORT FINANCE AA 856.31RURAL ELECTRIFICATION CORPORATION AAA 495.55FIRST LEASING PR1+ 900.00RELIANCE CAPITAL A1+ 900.00RELIANCE CAPITAL AAA 208.05

Commercial paper 0.00Bank Deposits 0.00 Cash ‘n’ Call, Current Assets & Receivables 1689.17

TOTAL FUND (as on ) : Rs. Lakhs30/10/2009 7823.61

DIVIDEND HISTORY

ANNUALISED RETURNS


NAV (Rs.) as on 30/10/2009

Monthly Income : 10.2120; Yearly Income : 11.2807;

;Quarterly : 10.2546 Growth : 16.4945



Avg. Maturity (in ) :


month 38.19

LICMF INFRASTRUCTURE FUNDA 36 months Close ended Equity Fund with an automatic conversion into

an Open ended scheme on expiry of 36 months from the date of allotment (24/03/2008).




EquityR I L 1583.63L & T 1426.11S B I 1402.24S A I L 1185.22G A I L 1135.30POWER FINANCE CORPORATION 950.90H D F C 929.86O N G C 927.59SIEMENS 908.26JAIPRAKASH ASSOCIATES 856.36B H E L 716.12POWER GRID CORPORATION OF INDIA 676.91BHARTI TELEVENTURE 651.49A B B 648.45I C I C I BANK 631.68IDEA CELLULAR 545.61UNITECH 493.50NEYVELI LIGNITE CORPORATION 474.11INFRASTRUCTURE DEVELOPMENT FINANCE 449.57DLF 444.00INDIA CEMENTS 441.20V S N L 422.06RELIANCE INFRASTRUCTURE 359.86MUNDRA PORT & SEZ 321.66N T P C 318.45H D F C BANK 291.83BHARAT ELECTRONICS 278.57CAIRN INDIA 276.68G A C L 271.30GAMMON INDIA 268.07



Holdings Mkt. Value (Rs. Lakhs)


Last 1 yearSince Inception -8.86%Benchmark (BSE 100) Return - Last 1 year 80.12%

64.04%

ANNUALISED RETURNS


Last 1 year 18.05%Last 3 years 10.21%Since Inception 10.46%Benchmark (C MiPex) Return - last 1 year 19.28%

Sep-05 Quarterly 0.2100Oct-05 Monthly 0.0300Nov-05 Monthly 0.1000Dec-05 Monthly 0.1200Dec-05 Quarterly 0.2500Jan-06 Monthly 0.1400Feb-06 Monthly 0.1400Mar-06 Monthly 0.3100Mar-06 Quarterly 0.5900Mar-06 Yearly 1.2000Apr-06 Monthly 0.1000May-06 Monthly 0.0300Jun-06 Monthly NilJun-06 Quarterly 0.2100Jul-06 Monthly 0.1000Aug-06 Monthly 0.1000Sep-06 Monthly 0.1400Sep-06 Quarterly 0.2600Oct-06 Monthly 0.1000)Nov-06 Monthly 0.1300Dec-06 Monthly 0.1500Dec-06 Quarterly 0.3800Jan-07 Monthly 0.1400

Money Mkt.3.46%

Equity96.54%

Feb-07 Monthly NilMar-07 Monthly NilMar-07 Quarterly 0.2000Mar-07 Yearly 0.9000Apr-07 Monthly 0.1000May-07 Monthly 0.1000Jun-07 Monthly 0.1500Jun-07 Quarterly 0.2500Jul-07 Monthly 0.1000Aug-07 Monthly 0.1000Sep-07 Monthly 0.1000Sep-07 Quarterly 0.3000Oct-07 Monthly 0.1500Nov-07 Monthly 0.2000Dec-07 Monthly 0.2000Dec-07 Quarterly 0.5000Jan-08 Monthly 0.1000Feb-08 Monthly 0.1500Mar-08 Monthly 0.0000Mar-08 Quarterly 0.3500Mar-08 Yearly 1.6000Apr-08 Monthly 0.0000May-08 Monthly 0.0000

Money Mkt.21.59%

Debt 67.18%

.

Equity11.23%

Jun-08 Monthly 0.0000Jun-08 Quarterly 0.0000Jul-08 Monthly 0.0000Aug-08 Monthly 0.0000Sep-08 Monthly 0.0700Sep-08 Quarterly 0.2000Oct-08 Monthly 0.0000Nov-08 Monthly 0.0000Dec-08 Monthly 0.0000Jan-09 Monthly 0.0000Feb-09 Monthly 0.0000Mar-09 Monthly 0.0000Apr-09 Monthly 0.0700Apr-09 Quarterly 0.1000Apr-09 Yearly 0.1600May-09 Monthly 0.2150May-09 Quarterly 0.2000Jun-09 Monthly 0.1000Jun-09 Quarterly 0.2200Jul-09 Monthly 0.1200Aug-09 Monthly 0.1200Sep-09 Monthly 0.1200Sep-09 Quarterly 0.3600

TATA POWER 252.00STERLITE INDUSTRIES 231.47M U L 213.03S C I L 206.52CENTURY TEXTILES 170.09T I S C O 165.06RELIANCE COMMUNICATION 158.36MADRAS CEMENT 123.35CROMPTON GREAVES 108.42PUNJ LLOYD 87.73G E SHIPPING 84.18SUZLON ENERGY 76.94OIL INDIA 52.76ESSAR SHIPPING 49.14N H P C 41.46RURAL ELECTRIFICATION CORPORATION 40.01UNION BANK OF INDIA 26.22BANK OF BARODA 25.46INDIAN HOTELS 18.43INDIABULLS POWER 14.18Total - Equity 22431.36DebtTOTAL - DEBT 0.00Commercial Paper / Bank DepositsCash ‘n’ Call, Current Assets & Receivables 804.41

Month Frequency Gross Div.(Rs/Unit)



LICMF MONTHLY INCOME PLANAn Open-ended Monthly Income Scheme w.e.f. 01/06/2003



Debt PUNJ LLOYD AA 1750.2622SHRIRAM TRANSPORT FINANCE AA 1668.919GSEC 6.05% 02/02/2019 AAA 1315.005RURAL ELECTRIFICATION CORPORATION AAA 495.55GSEC 7.35% 22/08/2024 AAA 465.75FIRST LEASING PR1+ 1600RELIANCE CAPITAL A1+ 1400RELIANCE CAPITAL AAA 312.0736TOTAL - DEBT 9007.56Commercial Paper / Bank Deposits 0.00Cash ‘n’ Call, Current Assets & Receivables 1385.4855

EquityB H E L 450.0713R I L 386.25L & T 282.087JAIPRAKASH ASSOCIATES 241.6725PETRONET LNG 194.1N M D C 184.2848S B I 153.37BHARTI TELEVENTURE 131.4675POWER GRID CORPORATION OF INDIA 116.6068BANK OF BARODA 99.5032TATA CONSULTANCY SERVICES 62.62INDIABULLS POWER 6.5716





NAV (Rs.) as on 30/10/2009Monthly Income : Yearly Income :Quarterly : 10.2322; Growth : 30.4253

10.1356; 11.0810;




LICMF INDIAVISION FUNDA 36 months Close ended Equity Fund with an automatic conversion into

an Open ended scheme on expiry of 36 months from the date of allotment (15/01/2007).




EquityGRASIM INDUSTRIES 784.94R I L 656.63B H E L 599.57POWER GRID CORPORATION OF INDIA 498.71L & T 486.40I D B I 471.65POWER TRADING CORPORATION OF INDIA 455.85TATA TEA 438.47YES BANK 413.96POWER FINANCE CORPORATION 389.19H C L TECHNOLOGIES 366.54INFRASTRUCTURE DEVELOPMENT FINANCE 297.10SUN PHARMACEUTICALS 276.33S A I L 276.22RANBAXY LABORATORIES 272.42DEEPAK FERTILISERS 263.25BHARTI TELEVENTURE 233.72PETRONET LNG 226.45BAJAJ HINDUSTAN 196.25S B I 175.28VOLTAS 169.87



N M D C 155.82A C C 149.53JYOTI STRUCTURES LTD. 147.57HINDALCO 144.59TATA CONSULTANCY SERVICES 125.24RELIANCE COMMUNICATION 116.79RELIANCE CAPITAL 74.57RELIANCE POWER LTD 69.28JAIPRAKASH ASSOCIATES 52.54INDIABULLS POWER 6.23

Total - Equity 8990.94DebtGSEC 7.35% 22/06/2024 AAA 465.75RELIANCE CAPITAL A1+ 400.00

TOTAL - DEBT 865.75Commercial Paper / Bank DepositsCash ‘n’ Call, Current Assets & Receivables -196.92

Holdings Mkt. Value (Rs. Lakhs)


Last 1 year

Since Inception -8.87%

Benchmark (BSE 200) Return - Last 1 year 82.93%

39.14%

ANNUALISED RETURNS


DIVIDEND DECLARED

Jul-04 Monthly 0.0550Aug-04 Monthly 0.0550Sep-04 Monthly 0.0550Sep-04 Quarterly 0.0500Oct-04 Monthly 0.0550Nov-04 Monthly 0.0550Dec-04 Monthly 0.0650Dec-04 Quarterly 0.1000Jan-05 Monthly 0.0650Feb-05 Monthly 0.0700Mar-05 Monthly 0.2500Mar-05 Quarterly 0.3000Mar-05 Yearly 0.9500Apr-05 Monthly 0.0550May-05 Monthly 0.0550Jun-05 Monthly 0.0700Jun-05 Quarterly 0.1800Jul-05 Monthly 0.0900Aug-05 Monthly 0.0900Sep-05 Monthly 0.1400Sep-05 Quarterly 0.2200Oct-05 Monthly 0.0800Nov-05 Monthly 0.1000Dec-05 Monthly 0.1200Dec-05 Quarterly 0.3000Jan-06 Monthly 0.1500Feb-06 Monthly 0.1500Mar-06 Monthly 0.3000Mar-06 Quarterly 0.7000

Mar-06 Yearly 1.4000Apr-06 Monthly 0.1500May-06 Monthly 0.1500Jun-06 Monthly 0.1200Jun-06 Quarterly 0.2000Jul-06 Monthly 0.1200Aug-06 Monthly 0.1200Sep-06 Monthly 0.1400Sep-06 Quarterly 0.4000Oct-06 Monthly 0.1400Nov-06 Monthly 0.1400Dec-06 Monthly 0.1200Dec-06 Quarterly 0.4000Jan-07 Monthly 0.1000Feb-07 Monthly NilMar-07 Monthly NilMar-07 Quarterly 0.1500Mar-07 Yearly 0.9000Apr-07 Monthly 0.0700May-07 Monthly 0.1000Jun-07 Monthly 0.0800Jun-07 Quarterly 0.2000Jul-07 Monthly 0.1200Aug-07 Monthly 0.1200Sep-07 Monthly 0.1200Sep-07 Quarterly 0.3500 Oct-07 Monthly 0.1800Nov-07 Monthly 0.2000Dec-07 Monthly 0.2000

Month Frequency GrossDiv.(Rs/Unit)



Dec-07 Quarterly 0.5000Jan-08 Monthly 0.2500Feb-08 Monthly 0.0700Mar-08 Monthly 0.0000Mar-08 Quarterly 0.2000Mar-08 Yearly 1.6000Apr-08 Monthly 0.0000May-08 Monthly 0.0000Jun-08 Monthly 0.0000Jul-08 Monthly 0.0000Aug-08 Monthly 0.0000Spet-08 Monthly 0.0000Sep-08 Quarterly 0.1500Oct-08 Monthly 0.0000Nov-08 Monthly 0.0000Dec-08 Monthly 0.0000Jan-09 Monthly 0.0000Feb-09 Monthly 0.0000Mar-09 Monthly 0.0000Apr-09 Monthly 0.0000Apr-09 Yearly 0.1400May-09 Monthly 0.2800May-09 Quarterly 0.2000Jun-09 Monthly 0.1000Jun-09 Quarterly 0.1800Jul-09 Monthly 0.1200Aug-09 Monthly 0.1200Sep-09 Monthly 0.1200Sep-09 Quarterly 0.3600

Money Mkt.10.90%

Debt 70.92%

.

Equity18.18%

Last 1 yearLast 3 years 8.81%Since Inception 10.17%Benchmark (C MiPex) Return (Last 1 year) 19.28%

18.78%

ANNUALISED RETURNS



LICMF BALANCED FUNDAn Open-ended Balanced Scheme





DebtGSEC 6.05% 02/02/2019 AAA 272.07GSEC 7.35% 22/06/2024 AAA 186.30

TOTAL - DEBT 458.37



NAV (Rs.) as on 30/10/2009 : Dividend: 10.2873; Growth: 48.6714


Benchmark (C BalanceEx) Return (Last 1 year) 54.37

36.43%

%

ANNUALISED RETURNS



Month DividendNov-04 3.50%Mar-05 8.50%Aug-05 10.00%Nov-05 7.50%Feb-06 8.50%Apr-06 17.00%Sep-06 10.00%Jan-07 15.00%Oct-07 15.00%

DIVIDEND HISTORY



EquityI D B I 193.21POWER GRID CORPORATION OF INDIA 178.88G A C L 177.90BHARTI TELEVENTURE 175.29JYOTI STRUCTURES LTD. 166.56RANBAXY LABORATORIES 156.20RELIANCE COMMUNICATION 149.56YES BANK 141.93HUL 141.48L & T 141.04POWER TRADING CORPORATION OF INDIA 113.43POWER FINANCE CORPORATION 98.37S A I L 94.76TATA CONSULTANCY SERVICES 93.93HINDALCO 79.27INFRASTRUCTURE DEVELOPMENT FINANCE 73.70PETRONET LNG 64.70ANDHRA BANK 36.71UCO BANK 35.42INDIABULLS POWER 1.73Total Equity 2314.06

LICMF CHILDREN’S FUNDAn Open-ended Balanced Scheme for Children


NAV (Rs.) as on 30/10/2009 : 9.7596

Last 1 year

Last 3 years -12.86%

Since inception (12/11/2001) -0.30%

Benchmark ) Return Last 1 year 54.37

43.33%

(C BalanceEx %

ANNUALISED RETURNS




Equity

S B I 70.11

R I L 57.94

ADANI ENTERPRISES 50.20

ADLABS FILMS 45.57

I F C I 44.20

RELIANCE INFRASTRUCTURE 42.34

JAIPRAKASH ASSOCIATES 42.03

RELIANCE CAPITAL 37.28

RANBAXY LABORATORIES 11.72

RELIANCE COMMUNICATION 7.04

ADLABS FILMS 0.00

SHRIRAM TRANSPORT FINANCE 108.55

Total Equity 516.97

Debt

Total Debt 0.00

Commercial Paper/ Bank Deposits


Holdings Rating Mkt. Value (Rs. lakhs) Avg. Maturity (in month) : 0.00


Money Mkt.23.33%

Money Mkt.2.98%

Debt 16.04%

.

Equity76.67%

Equity80.98%

LICMF FLOATING RATE FUND - STPAn Open-ended Income Fund


TOTAL FUND (as on 3 / 0/2009) : Rs. Lakhs0 1 180913.64

LICMF SAVINGS PLUS FUND(An open-ended income scheme)


Debt Instruments WELSPUN GUJARAT STAHL ROHREN A+ 2430.00PUNJ LLOYD AA 719.13JSW STEEL PR1+ 49640.00VIDEOCON INDUSTRIES F1 40000.00ALOK INDUSTRIES PR1+ 25000.00RANBAXY HOLDING A1+ 20000.00BHUSHAN STEEL & STRIPS PR1 20000.00RANBAXY HOLDING A1+ 20000.00JAIPRAKASH ASSOCIATES PR1 10000.00MUTHOOT FINANCE A1+ 10000.00BHUSHAN POWER AND STEEL PR1 10000.00REI AGRO PR1 10000.00L & T FINANCE PR1+ 10000.00TULIP IT SERVICES PR1 10000.00AMTEK AUTO PR1+ 10000.00OSCAR INVESTMENTS A1+ 10000.00SREI INFRASTRUCTURE FINANCE PR1+ 9900.00DECCAN CHRONICLE PR1+ 6000.00BIRLA TMT HOLDING P1+ 5000.00KOTAK SECURITIES A1+ 5000.00ALOK INDUSTRIES PR1 5000.00SUNDARAM FINANCE A1+ 5000.00ARCH PHARMALABS A1 5000.00ICICI SECURITIES P1+ 5000.00GRABAL ALOK IMPEX PR1 4750.00TRAPTI TRADING & INVESTMENT PVT LTD A1+ 4000.00NAMAN FINANCE AND INVESTMENT A1+ 3000.00COX AND KINGS PR1 2500.00MAGMA LEASING AA 2500.00EMAMI PAPER MILLS LTD PR1+ 2500.00COX AND KINGS PR1+ 2000.00COX AND KINGS PR1 1800.00FENNER INDIA P1 1000.00Commercial PaperINDIABULLS FINANCIAL SERVICES P1+ 60869.84CHOLAMANDALAM DBS FINANCE A1+ 51394.68TATA MOTORS FINANCE A1 46658.84RELIGARE SECURITIES P1 38303.37RELIGARE FINVEST A1+ 38284.84ABG SHIPYARD PR1+ 27912.30HOUSING DEVELOPMENT FINANCE CORPN A1+ 19536.04RELIANCE CAPITAL A1+ 19122.79RELIANCE COMMUNICATION PR1+ 18829.60TATA CAPITAL A1+ 16303.37R I L P1+ 9948.46PUNJ LLOYD PR1+ 9725.76SAPOORJI PALLONJI A1+ 9557.07RELIANCE SECURITIES A1+(SO) 9526.11FUTURE CAPITAL HOLDINGS PR1+ 9413.28BHUSHAN POWER AND STEEL F1+ 9382.45TATA MOTORS A1 9369.30BILT GRAPHIC PAPER F1+ 9347.47ADLABS FILMS A1+ 7064.41UNITED PHOSPHOROUS PR1+ 4909.12KEC INTERNATIONAL A1 4850.50SUNDARAM FINANCE P1+ 4695.62SUNDARAM FINANCE A1+ 4691.23RELIANCE SECURITIES A1+ 4680.28BALLARPUR INDUSTRIES F1+ 4652.05ESSAR STEEL F1 4652.05BAJAJ AUTO FINANCE P1+ 4524.59KEC INTERNATIONAL A1+ 3891.41TELCO CONSTRUCTION EQUIPMENT CO. A1+ 2958.66ESSAR SHIPPING PORTS & LOGISTICS PR1 2791.23MAGMA FINCORP PR1+ 2788.64INDIAN HUME PIPES CO LTD PR1+ 970.10RAYMOND PR1+ 570.64Certificate of DepositI D B I BANK A1+ 33079.39VIJAYA BANK PR1+ 19015.78ALLAHABAD BANK A1+ 9526.90KARNATAKA BANK A1+ 9435.43VYSYA BANK P1+ 9360.70I D B I BANK P1+ 1572.48Bank DepoistsBANK OF INDIA 50000.00UNION BANK OF INDIA 50000.00Cash ‘n’ Call, Current Assets & Receivables 127758.35

TOTAL FUND (as on / /2009) : Rs. Lakh30 10 1109664.26


Benchmark (C Fund ~LX) Return 6.27%

7.44%

ANNUALISED RETURNS



DIVIDEND DECLARED (Dividend Option)

Mar-05 0.0458Apr-05 0.0458May-05 0.0458Jun-05 0.0458Jul-05 0.0458Aug-05 0.0458Sep-05 0.0350Oct-05 0.0400Nov-05 0.04162Dec-05 0.04167Jan-06 0.04167Feb-06 0.04167Mar-06 0.01400672Apr-06 0.04167000May-06 0.04167000Jun-06 0.05000000Jul-06 0.05000000Aug-06 0.05000000Sep-06 0.05000000Oct-06 0.05000000Nov-06 0.05000000Dec-06 0.03000000Jan-07 0.07000000Feb-07 0.04000000Mar-07 0.08000000Apr-07 NilMay-07 NilJun-07 0.02000000



Jul-07 0.02000000Aug-07 0.04000000Sep-07 0.05000000Oct-07 0.09000000Nov-07 0.07520000Dec-07 0.09680000Jan-08 0.09670000Feb-08 0.10240000Mar-08 0.07810000Apr-08 0.06460000May-08 0.06340000Jun-08 0.03380000Jul-08 0.01930000Aug-08 0.07390000Sep-08 0.07160000Oct-08 0.04880000Nov-08 0.06650000Dec-08 0.01030000Jan-09 0.55670000 0.07490000 0.07300000Feb-09 0.06320000 0.06500000 0.06250000Mar-09 0.06970000 0.07310000 0.06940000Apr-09 0.04850000 0.04760000 0.04830000May-09 0.05310000 0.04890000 0.05220000Jun-09 0.05670000 0.06180000 0.05670000Jul-09 0.05060000 0.04640000 0.05050000Aug-09 0.04150000 0.04740000 0.04140000Sep-09 0.04180000 0.04000000 0.04180000Oct-09 0.04180000 0.03780000 0.04170000

Bonds / DebenturesVIDEOCON INDUSTRIES F1 20000.00USHA MARTIN PR1+ 10000.00TRAPTI TRADING & INVESTMENT PVT LTD A1+ 10000.00OSCAR INVESTMENTS A1+ 10000.00ALOK INDUSTRIES PR1+ 10000.00SHREE CEMENT LTD PR1+ 10000.00RANBAXY HOLDING A1+ 10000.00JINDAL STEEL & POWER A1+ 7500.00AMTEK AUTO PR1+ 5000.00JAIPRAKASH ASSOCIATES PR1+ 5000.00SUNDARAM FINANCE P1+ 5000.00TGS INVESTMENT & TRADE A1+ 5000.00INDIAN HUME PIPES CO LTD PR1+ 2000.00Commercial PaperRELIANCE CAPITAL A1+ 13954.84R I L P1+ 9948.46TELEVISION EIGHTEEN A1+(SO) 9527.72RELIANCE COMMUNICATION PR1+ 9413.28INDIABULLS FINANCIAL SERVICES P1+ 9391.24ESSAR STEEL F1 9347.47AFCONS INFRASTRUCTURE P1+ 4717.72TATA MOTORS A1+ 4505.73FIRST LEASING PR1+ 2703.44MUNDRA PORT & SEZ A1+ 2482.37L&T INFRASTRUCTURE FINANCE A1+ 2388.52ADLABS FILMS A1+ 960.77Certificate of DepositVYSYA BANK P1+ 4731.07Cash ‘n’ Call, Current Assets & Receivables -12658.98








GROSS DIVIDEND DECLARED (Rs. Per Unit)

Last 1 yearLast 3 year 8.56%Since Inception 7.22%Benchmark (C Fund ~LX) Return

7.23%

6.27%


Mar-06 0.03919996

Apr-06 0.03919999

May-060.05522018

Jun-06 0.04748464

Jul-06 0.06431700

Aug-06 0.05345360

Sep-06 0.05495360

Oct-06 0.07181700

Nov-06 0.06095360

Dec-06 0.05386606

Jan-07 0.07841700

Feb-07 0.06585360

Mar-07 0.06555360

Apr-07 0.09231700

May-070.07105360

Jun-07 0.05555360

Jul-07 0.06071700

Aug-07 0.06475360

Sep-07 0.07391700

Oct-07 0.06845360

Nov-07 0.06515360

Dec-07 0.06975360

Jan-08 0.09361700

Feb-08 0.07255360

Mar-08 0.09801700

Apr-08 0.06945360

May-080.07005360

Jun-08 0.08871700

Jul-08 0.07485360

Aug-08 0.07655360

Sep-08 0.09821700

Oct-08 0.08135360

Nov-08 0.08115360

Dec-08 0.09231700

Jan-09 0.07085360

Feb-09 0.06962420

Mar-09 0.07181700

Apr-09 0.03985360

May-090.04605360

Jun-09 0.05971700

Jul-09 0.04655360 0.01800000

Aug-09 0.05031700 0.04310000

Sep-09 0.04205360 0.04370000

Oct-09 0.04145360 0.04470000

ANNUALISED RETURNS

NAV (Rs.) as on 30/10/2009: Daily Dividend : 10.0000;Monthly Dividend: 10.0418; Weekly Dividend: 10.0057; Growth: 14.3402

NAV (Rs.) as on 30/10/2009: Daily Dividend : 10.0000;Weekly Dividend: 10.1521; Growth: 14.8048

Month Weekly DailyMonth WeeklyMonth WeeklyMonth Weekly



Bank Deposits9.01%


AA-- or


LICMF BOND FUNDAn Open-ended Debt Scheme




DIVIDEND HISTORY

Last 1 yearLast 3 years 8.60%Since inception (09.05.1999) 9.18%

Benchmark (C CompBex) Return (Last 1 year) 9.61

12.76%

%

ANNUALISED RETURNS

PORTFOLIO RATING ANALYSIS



DEBT

I R F C AAA 1121.16

I O C L AA+ 1041.74



S A I L AAA(SO) 533.33

H U D C O AA 518.20

CITI BANK AAA 511.42

GSEC 8.33% 2036 AAA 500.35

GSEC 6.05% 02/02/2019 AAA 453.45

JET AIRWAYS (JUS TRUST PTC) AAA(SO) 340.55

DEVELOMENT CREDIT BANK A- 1202.45

BOB HOUSING FINANCE(PTC NHB) AAA(SO) 57.47

ANDHRA BANK PTC (NHB) AAA(SO) 34.64

COMMERCIAL PAPER/ BANK DEPOSIT


Holdings Rating Mkt. Value(Rs.Lakhs)

LICMF G-SEC FUNDAn Open-ended Gilt Scheme


GSEC 7.95% 2032 AAA 5286.05

GSEC 7.95%2032 AAA 3363.85

GSEC 8.33% 2036 AAA 2001.4

GSEC 6.05% 02/02/2019 AAA 1360.35


GSEC 8.24% 2027 AAA 500.3

Commercial Paper / Bank Deposit



Last 1 year

Last 3 years 4.79%

Since inception (29.11.1999) 7.98%

Benchmark (I Sec Composite Gilt) Return

Last 1 year 8.35%

0.18%

ANNUALISED RETURNS


NAV (Rs.) as on / /200Reg.: 10.0989 Reg.Gr.: 21.4950;

PF-Div. 12.3950; PF-Gr. : 12.3950

30 10 9

Securities Rating Mkt. Value (Rs. Lakhs) DIVIDEND HISTORY


Mar-00 2.50%

May-00 2.50%

Nov-00 2.50%

Mar-01 3.50%

Jul-01 3.00%

Nov-01 3.50%

Mar-02 7.00%

Jul-02 3.00%

Oct-02 3.50%

Jan-03 4.00%

Apr-03 4.00%

Jun-03 3.50%

Sep-03 3.50%

Dec-03 3.00%

Mar-04 3.00%

Jun-04 0.75%

Sep-04 0.50%

Mar-09 2.00%

Jul-09 2.00%

Oct-09 2.00%



May-00 3.00%Nov-00 3.50%Mar-01 4.50%Jul-01 4.00%Nov-01 3.50%Mar-02 3.50%Jul-02 3.00%Oct-02 3.00%Jan-03 3.00%Jun-03 2.25%Sep-03 2.25%Dec-03 2.00%Mar-04 1.50%Jun-04 1.00%Sep-04 0.50%Dec-04 1.00%Mar-05 1.50%Jul-05 1.50%

Oct-05 1.00%Jan-06 1.00%Mar-06 1.00%Jul-06 2.00%Oct-06 4.00%Jan-07 1.00%Mar-07 1.00%Jul-07 2.50%Oct-07 2.50%Jan-08 2.00%Mar-08 1.50%Jul-08 1.50%Oct-08 1.50%Jan-09 2.00%Mar-09 2.50%Jul-09 2.00%Oct-09 2.00%





AA, AA-, A, PR1+(SO) & Others18.00%

AAA45.69%

AA10.90%

+

Money Market15.31%

AAA (SO) 10.11%

LICMF LIQUID FUNDAn Open-ended Liquid Scheme


Bonds / Debentures

WELSPUN GUJARAT STAHL ROHREN A+ 10570.00

I R F C AAA 9166.92


P F C AAA 2491.25


RANBAXY HOLDING A1+ 20000.00

SIMPLEX INFRASTRUCTURES PR1+ 16000.00

JAIPRAKASH ASSOCIATES PR1+ 15000.00

TRAPTI TRADING & INVESTMENT PVT LTD A1+ 10000.00

JINDAL STEEL & POWER A1+ 10000.00


L & T FINANCE PR1+ 10000.00

HINDUSTTHAN NATIONAL GLASS & INDS PR1+ 10000.00

ICICI SECURITIES P1+ 10000.00

STERLITE OPTICAL TECHNOLOGIES P1 10000.00

CENTURY TEXTILES F1+ 10000.00

ALKEM LABORATORIES P1+ 10000.00

MAGMA LEASING AA 7768.33


ORIENT PAPERS & INDUSTRIES A1+ 5000.00

DEWAN HOUSING FINANCE AA+ 5000.00

TGS INVESTMENT & TRADE A1+ 5000.00

UNITED PHOSPHOROUS PR1+ 5000.00

EMAMI PAPER MILLS LTD PR1+ 5000.00

TRAPTI TRADING & INVESTMENT A1+ 5000.00

LANCO INDUSTRIES PR1+ 4000.00

COX AND KINGS PR1+ 3500.00

MAGMA LEASING AA- 3000.00

GENUS POWER INFRA F1 2300.00

DIC INDIA LTD P1+ 2000.00

BAJAJ ELECTRICALS P1 1000.00

SREI INFRASTRUCTURE FINANCE AA 143.50

NHB LOAN SECURITISATION TRUST SERIE P1+(SO) 20025.41

Commercial Paper


INDIABULLS FINANCIAL SERVICES P1+ 40697.21

TATA CAPITAL A1+ 27398.48

RELIGARE FINVEST A1+ 18318.57

ICICI HOME FINANCE COMPANY A1+ 18146.02

SHRIRAM TRANSPORT FINANCE F1+ 17769.93

GARDEN SILK MILLS PR1+ 14831.19

MAGMA FINCORP PR1+ 13695.38

TATA MOTORS A1+ 13251.71

R I L P1+ 9948.46

MUNDRA PORT & SEZ A1+ 9929.47

BHUSHAN STEEL & STRIPS PR1+ 9157.53

MERCATOR LINES PR1+ 9095.66

IL&FS INVESTSMART F1+ 8916.12

FIRST LEASING PR1+ 8801.02

ABG SHIPYARD PR1+ 4397.06

BAJAJ AUTO FINANCE P1+ 4297.82

PATEL ENGINEERING PR1+ 4274.75

RAYMOND PR1+ 3716.16

NATIONAL ENGINEERING INDUSTRIES LTD PR1+ 1975.91

Certificate of Deposit

ORIENTAL BANK OF COMMERCE P1+ 9250.93

EXIM AAA 9248.24

ANDHRA BANK F1+ 9247.44

I D B I BANK P1+ 7663.69

CANARA BANK P1+ 4608.93

Last 1 yearLast 3 year 7.94%Since Inception (18.03.2002) 6.83%Benchmark © Fund ~LX) Return (Last 1 year) 6.28

6.71%

%

ANNUALISED RETURNS





TOTAL FUND (as on 3 ) : Rs. Lakh1/10/2009 1211853.00



DIVIDEND HISTORY

Jan-04 0.0327Feb-04 0.0335Mar-04 0.0298Apr-04 0.0329May-04 0.0368Jun-04 0.0285Jul-04 0.0145Aug-04 0.0417Sep-04 0.0339Oct-04 0.0333Nov-04 0.0448Dec-04 0.0348Jan-05 0.0461Feb-05 0.0400Mar-05 0.0422Apr-05 0.03933992May-05 0.04240000Jun-05 0.04089337Jul-05 0.04210000Aug-05 0.04250000Sep-05 0.04100000Oct-05 0.04455476Nov-05 0.04749685Dec-05 0.04943670Jan-06 0.05202764Feb-06 0.04836850Mar-06 0.07196284Apr-06 0.05065708May-06 0.05328228Jun-06 0.05243226Jul-06 0.05969500Aug-06 0.06310000Sep-06 0.06340000Oct-06 0.06860000Nov-06 0.06750000



Dec-06 0.06280627Jan-07 0.07300000Feb-07 0.06420000Mar-07 0.07660000Apr-07 0.07970000May-07 0.07980000Jun-07 0.06120000Jul-07 0.05370000Aug-07 0.06730000Sep-07 0.06430000Oct-07 0.06980000Nov-07 0.07360000Dec-07 0.07930000Jan-08 0.07750000Feb-08 0.07470000Mar-08 0.07973000Apr-08 0.07280000May-08 0.07830000Jun-08 0.08110000Jul-08 0.08440000Aug-08 0.08610000Sep-08 0.08700000Oct-08 0.09810000Nov-08 0.08640000Dec-08 0.08750000Jan-09 0.07920000Feb-09 0.08620000Mar-09 0.06830000Apr-09 0.05280000May-09 0.04973000Jun-09 0.04820000Jul-09 0.04720000Aug-09 0.04590000Sep-09 0.04220000Oct-09 0.04780000

Month Gross DividendMonth Gross Dividend

Bank Deposits

CENTRAL BANK OF INDIA 70000.00

BANK OF INDIA 50000.00

H D F C BANK 6500.00

AXIS BANK 2500.00



Money Market & Other36.35%

P1, , A+Equivalent

5.85%

AA-- or

Bank Deposits10.64%


LICMF EQUITY FUNDAn Open-ended Equity Scheme

LICMF OPPORTUNITIES FUNDAn Open-ended Growth Scheme







Last 1 yearLast 3 year 0.20%Since Inception 10.72%Benchmark (BSE-200) Return Last 1 year 82.93%

59.22%ANNUALISED RETURNS


DIVIDEND HISTORYMonth DividendFeb-06 20.00%Oct-06 25.00%Nov-07 30.00%


EquityR I L 603.52L & T 470.15S A I L 384.62N T P C 331.08S B I 306.74O N G C 283.18H D F C 265.68G A I L 260.78RELIANCE INFRASTRUCTURE 254.02POWER GRID CORPORATION OF INDIA 229.35B H E L 221.71I C I C I BANK 221.09BHARTI TELEVENTURE 216.19POWER TRADING CORPORATION OF INDIA 212.73A C C 204.19H D F C BANK 202.66PETRONET LNG 194.10RELIANCE COMMUNICATION 184.75T I S C O 146.20SIEMENS 143.90POWER FINANCE CORPORATION 140.07JAIPRAKASH ASSOCIATES 136.60CONCOR 131.29I O C L 125.64I T C 114.82INFRASTRUCTURE DEVELOPMENT FINANCE 103.18NDTV Ltd 101.14HUL 99.03TATA POWER 94.02A B B 92.14V S N L 90.23ABAN OFFSHORE 89.28S C I L 78.24G A C L 71.16RANBAXY LABORATORIES 66.46CAIRN INDIA 61.74PUNJ LLOYD 60.63ADITYA BIRLA NUVO 56.44MUNDRA PORT & SEZ 55.04M U L 54.62IDEA CELLULAR 52.05NEYVELI LIGNITE CORPORATION 43.80STERLITE INDUSTRIES 38.58G E SHIPPING 36.08

An Open-ended Equity Scheme







Equity R I L 856.99N T P C 534.83L & T 509.12H D F C 478.22JAIPRAKASH ASSOCIATES 472.84S B I 427.25B H E L 424.11S A I L 378.35PETRONET LNG 323.82KOTAK MAHINDRA BANK 321.26RELIANCE INFRASTRUCTURE 310.13O N G C 290.56G A I L 278.16BHARTI TELEVENTURE 271.70I C I C I BANK 252.67TATA MOTORS 248.28I F C I 221.00TATA POWER 220.45V S N L 212.34CAIRN INDIA 210.80SIEMENS 180.06I T C 178.61H D F C BANK 162.13I O C L 157.05DLF 148.00M U L 132.30A B B 130.60HUL 124.50RANBAXY LABORATORIES 117.15IDEA CELLULAR 104.10POWER GRID CORPORATION OF INDIA 98.79PUNJAB NATIONAL BANK 93.93G A C L 71.16RELIGARE ENTERPRISES 69.82NEYVELI LIGNITE CORPORATION 68.37UNITECH 65.80ADITYA BIRLA NUVO 61.25MUNDRA PORT & SEZ 50.04ORIENTAL BANK OF COMMERCE 48.16MADRAS CEMENT 43.06STERLITE INDUSTRIES 38.58INDIAN HOTELS 36.85CIPLA 28.23SUZLON ENERGY 26.76BANK OF BARODA 25.46

ANNUALISED RETURNS


Last 1 year 71.07%Last 3 years 4.83%Since Inception 9.35%Benchmark (Sensex) Return Last 1 year 75.49%

DIVIDEND HISTORY

Month DividendMar-04 12.00%Mar-05 10.00%Nov-05 20.00%Oct-06 25.00%Nov-07 50.00%

Money Mkt.4.69%

Equity93.51%

ESSAR SHIPPING 36.03TATA MOTORS 28.25BANK OF BARODA 25.46UNITECH 24.68MADRAS CEMENT 21.53SUZLON ENERGY 20.07RURAL ELECTRIFICATION CORPORATION 20.01OIL INDIA 19.35INDIAN HOTELS 14.74UNION BANK OF INDIA 13.11N H P C 7.40INDIABULLS POWER 6.23SATYAM COMPUTER SERVICES 5.11VIJAYA BANK 4.39Total - Equity 7575.20Debt 0.00Total - Debt 0.00Cash ‘n’ Call, Current Assets & Receivables 317.20

I D B I 22.73RURAL ELECTRIFICATION CORPORATION 20.01OIL INDIA 19.35AXIS BANK 18.16RELIANCE COMMUNICATION 17.60UNION BANK OF INDIA 13.11POWER TRADING CORPORATION OF INDIA 11.85N H P C 8.88VIJAYA BANK 6.58INDIABULLS POWER 6.23SATYAM COMPUTER SERVICES 5.11Total - Equity 9653.19Debt 0.00Total Debt 0.00Cash ‘n’ Call, Current Assets & Receivables 474.97

SNAPSHOT

31st January 2005

The investment objective of the scheme is to provide capital growth in long-term with reasonable risk levels by investing mainly in companies which are in sector/s, which have a high growth potential at that point to time.


Dividend / Growth

Nil


Rs. 5000/-




Available


1st January 1997

To provide capital growth alongwith tax rebate and tax relief u/s 80 C to our investors through Prudent Investments in the stock market.

ELSS

Dividend / Growth

Nil

Nil

Rs. 500/-




Available


21st September 2004

The investment objective of the scheme is to generate regular income by investing mainly in floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk and at the same time aiming at generating capital appreciation in a long term by investing in equity / equity related instruments.

Debt

Plan A / Plan B

Monthly Div. / Quarterly Div. / Yearly Div. / Growth

Nil


Rs. 5000/-




Available


14th November 02

To provide capitalgrowth by investing in index stocks.

Equity - Index

Sensex / Nifty / Sensex Advantage

Dividend / Growth

Nil


Rs. 2000/-




Available


16th April 98

To obtain maximum possible maximum possible growth consistent with reasonable levels of safety and security by investing mainly in equities.


Dividend / Growth

Nil


Rs. 2000/-




Available


1st January 91

To provide regular returns & capital appreciation according to the slection of the plan by investing in equities & debt.

Balanced

Dividend / Growth

Nil


Rs. 1000/-




Available


Index Fund Growth Fund Balanced Fund Equity Fund

Opportunities Fund Tax Plan Floater MIP

SIP: Systematic Investment Plan; SWP: Systematic Withdrawal Plan; STP: Systematic Transfer Plan; AWOCA: Automatic Withdrawal of Capital AppreciationNote : SWP & AWOCA are available under growth options only.

1st September 99

To provide capital growth by investing in a mix of equity instruments.


Dividend / Growth

Nil


Rs. 2000/-




Available


Income Plus Fund

28th May 2007

To provide reasonable possible current income - consistent with preservation of capital & providing liquidity from investing in a diversified portfolio of Short-Term Money Market & Debt securities.

Debt

Dividend Frequency :Daily / Weekly / Monthly

Dividend / Growth

Nil

Nil

Rs. 5,00,000/-



STP

Available

Daily / Weekly / Monthly


LICMF INDEX FUNDAn Open-ended Index Linked Equity Scheme

EquityR I L 1159.58INFOSYS TECHNOLOGIES 891.00L & T 777.21I C I C I BANK 742.50H D F C 563.87I T C 552.72S B I 476.22H D F C BANK 470.75O N G C 322.02BHARTI TELEVENTURE 305.69B H E L 295.59TATA CONSULTANCY SERVICES 258.37HUL 250.10T I S C O 243.01STERLITE INDUSTRIES 209.17JINDAL STEEL & POWER 207.80TATA POWER 184.51AXIS BANK 176.01M U L 156.59WIPRO 155.69N T P C 155.13M & M 154.05G A I L 131.96GRASIM INDUSTRIES 126.37RELIANCE INFRASTRUCTURE 124.97JAIPRAKASH ASSOCIATES 124.06HERO HONDA MOTORS 118.78CIPLA 117.87INFRASTRUCTURE DEVELOPMENT FINANCE 115.05TATA MOTORS 113.90DLF 113.18HINDALCO 111.69RELIANCE COMMUNICATION 100.22PUNJAB NATIONAL BANK 95.76CAIRN INDIA 95.60UNITECH 93.36SUN PHARMACEUTICALS 87.41S A I L 81.30RELIANCE CAPITAL 71.98IDEA CELLULAR 69.24A B B 65.87SIEMENS 65.68A C C 63.93G A C L 61.32B P C L 55.75H C L TECHNOLOGIES 55.21POWER GRID CORPORATION OF INDIA 50.52RANBAXY LABORATORIES 49.94RELIANCE POWER LTD 42.60SUZLON ENERGY 35.27Total Equity 11146.35Cash ‘n’ Call, Current Assets & Receivables 48.66

NIFTY PLAN - PORTFOLIO (as on )30/10/2009



Last 1 yearLast 3 years 3.37%Since Inception 16.45%Benchmark NSE - Nifty Return (Last 1 year) 74.43

64.64%

%

ANNUALISED RETURNS

Equity R I L 516.38INFOSYS TECHNOLOGIES 349.67I C I C I BANK 286.05L & T 269.60H D F C 221.81I T C 219.93S B I 203.83H D F C BANK 191.56O N G C 157.76BHARTI TELEVENTURE 126.39B H E L 123.60HUL 100.56TATA CONSULTANCY SERVICES 99.84T I S C O 95.19STERLITE INDUSTRIES 94.88N T P C 84.98TATA POWER 72.36M U L 65.94M & M 62.83







Last 1 yearsLast 3 years 1.98%Since Inception 18.68%Benchmark BSE - Sensex Return (Last 1 years) 75.49

72.74%

%

ANNUALISED RETURNS

SENSEX ADVT. PLAN PORTFOLIO (as on 30/10/2009)

Month Dividend (%)Nifty Sensex Sensex Advt.

Nov-03 13 13 151Jan-04 16 15 7

Aug-05 25Nov-05 40Jan-06 50Feb-06 50Nov-06 50Feb-07 50Mar-07 20 25Mar-08 20 15









Last 1 yearLast 3 years 1.14%Since Inception 18.07%Benchmark BSE - Sensex Return (Last 1 year) 75.49

67.47%

%

ANNUALISED RETURNS

DIVIDEND HISTORY


Holdings Mkt. Value (Rs. lakhs)EqutiyR I L 52.55INFOSYS TECHNOLOGIES 34.89BHARAT ELECTRONICS 28.70I C I C I BANK 27.90L & T 26.58I T C 21.95H D F C 21.79S B I 19.87H D F C BANK 18.76O N G C 16.01BHARTI TELEVENTURE 12.97B H E L 12.35HUL 10.01TATA CONSULTANCY SERVICES 9.96T I S C O 9.20STERLITE INDUSTRIES 9.10N T P C 8.49S A I L 8.23NDTV Ltd 8.09TATA POWER 7.37UNITECH 6.58M U L 6.45M & M 6.15SUZLON ENERGY 6.02WIPRO 5.78INDIA CEMENTS 5.52HERO HONDA MOTORS 5.03RELIANCE INFRASTRUCTURE 5.01DLF 4.99INFRASTRUCTURE DEVELOPMENT FINANCE 4.86JAIPRAKASH ASSOCIATES 4.68GRASIM INDUSTRIES 4.67TATA MOTORS 4.42RELIANCE COMMUNICATION 4.25HINDALCO 4.21SUN PHARMACEUTICALS 3.77ADITYA BIRLA NUVO 3.16RANBAXY LABORATORIES 3.09A C C 2.50Total Equity 455.88Cash ‘n’ Call, Current Assets & Receivables 49.27

WIPRO 58.15DLF 51.14HERO HONDA MOTORS 51.08RELIANCE INFRASTRUCTURE 50.27GRASIM INDUSTRIES 48.88JAIPRAKASH ASSOCIATES 47.98TATA MOTORS 45.40HINDALCO 43.99RELIANCE COMMUNICATION 41.25SUN PHARMACEUTICALS 37.18A C C 25.20Total Equity 3843.69Cash ‘n’ Call, Current Assets & Receivables 72.98

SCHEMES

26th March 99

To generate attractive returns for our investors by investing in quality debt securities and money market instruments.

Debt

Dividend / Growth

Nil


Rs. 5000/-




Available

Quarterly

15th November 99

To generate steady and consistent returns for our investors by timing the government securities market.

Debt - Gilt

PF / Regular

Dividend / Growth

Nil


Regular Plan: Rs. 5,000/-PF Plan: Rs. 10000/-




Available

Quarterly

26th September 01

To generate long term capital appreciation through judicious mix of quality debt & equity instrument at moderate risk levels through research based investments.

Balanced

Growth

Nil


Rs. 5000/-




Available


29th May 03

To generate income by investing in a portfolio of quality short term debt securities.

Debt - Short Term

Dividend / Growth

Nil

Nil

Rs. 5000/-




Available

Monthly / Daily / Weekly

Bond Fund G-Sec Fund Savings Plus Fund Children’s Fund

11th March 02

To generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market and quality debt instruments

Debt - Liquid

Dividend / Growth

Nil

Nil

Rs. 25000/-


On all days

STP

Available

Daily

1st June / 03

To generate regular income by investing mainly in quality debt and money market instruments with some portion in equity/equity related instruments for long term capital appreciation.

Debt

Monthly Div./Quarterly Div. Yearly Div./Growth

Nil


Rs. 5000/-




Available


15th March 2004

To generate consistent returns by investing mainly in floating rate instruments/fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk for the investor.

Debt - Floating

Dividend / Growth

Nil

Nil

Rs. 5,000/- and thereafter in multiples of Rs. 500/-.


On all days


Available

Daily / Weekly

19th June 89

To generate long term capital appreciation and offer Tax rebate u/s 80 C as well as additional benefits of a life & insurance cover free accident insurance cover.

Insurance linked tax saving

Single Premium-5/10 year termRegular Contribution-10/15 year term

Dividend Re-investment

Nil

Nil

Rs. 10000/- under Single Premium Rs. 1000/- under Regular Premium- yearly option, Rs. 100/- under Regular Premium - monthly option



SIP / STP

Available


Liquid Fund Monthly Income Plan Unit Linked Insurance Scheme Floating Rate Fund - STP

Launch Date

Objective

Type

Plans

Options

Entry Load

Exit Load

Minimum Investment

Liquidity

NAV Declaration

Special Facilities

Nomination

Dividend Frequency

Launch Date

Objective

Type

Plans

Options

Entry Load

Exit Load

Minimum Investment

Liquidity

NAV Declaration

Special Facilities

Nomination

Dividend Frequency


LICMF GROWTH FUNDAn Open-ended SchemeGrowth



Expense Ratio (as on ) : % 30/10/2009 1.98

Last 1 year 80.99%Last 3 year 6.07%Since Inception 9.82%Benchmark (Sensex) Return - last 1 year 75.49%

ANNUALISED RETURNS




EquityL & T 579.85R I L 579.38O N G C 509.72G A I L 347.70H D F C BANK 333.50S B I 328.65B H E L 292.55H D F C 292.24CONCOR 291.47RELIANCE INFRASTRUCTURE 264.60I C I C I BANK 252.67POWER FINANCE CORPORATION 252.64BHARTI TELEVENTURE 197.20POWER TRADING CORPORATION OF INDIA 183.35N T P C 176.93NEYVELI LIGNITE CORPORATION 176.32S A I L 156.28TATA CHEMICALS 153.92A B B 153.57I T C 153.09DLF 148.00JAIPRAKASH ASSOCIATES 147.11T I S C O 141.48B E M L 140.53SIEMENS 128.61ELDER PHARMACEUTICALS 118.75PUNJAB NATIONAL BANK 114.43TATA MOTORS 104.53S C I L 97.80PETRONET LNG 97.05V S N L 94.76HUL 90.04G E SHIPPING 84.18PUNJ LLOYD 80.84RELIGARE ENTERPRISES 69.48ADITYA BIRLA NUVO 67.18IDEA CELLULAR 65.06RANBAXY LABORATORIES 58.58MUNDRA PORT & SEZ 55.04APOLLO HOSIPTALS & ENTERPRISES 53.46MADRAS CEMENT 46.80G A C L 44.48RELIANCE COMMUNICATION 43.99POWER GRID CORPORATION OF INDIA 40.86CAIRN INDIA 39.53ESSAR SHIPPING 36.03AXIS BANK 27.24SUZLON ENERGY 26.76BANK OF BARODA 25.46INFRASTRUCTURE DEVELOPMENT FINANCE 22.11RURAL ELECTRIFICATION CORPORATION 20.01OIL INDIA 19.35

LICMF TAX PLANAn Open-ended ELSS


DIVIDEND HISTORY

Month DividendMar-04 20.00%Mar-05 30.00%Aug-05 10.00%Mar-06 20.00%Oct-06 25.00%May-07 10.00%Oct-07 15.00%





Holdings Mkt. Value %

(Rs. Lakh) ContributionEquityS A I L 345.45R I L 251.06O N G C 215.21L & T 205.69T I S C O 188.64I T C 173.37S B I 164.33H D F C 159.41RELIANCE INFRASTRUCTURE 158.76RELIANCE COMMUNICATION 124.55BHARTI TELEVENTURE 122.26B H E L 99.77HUL 99.03V S N L 98.08TATA MOTORS 96.05I C I C I BANK 94.75IDEA CELLULAR 93.69A B B 92.14M U L 83.73H D F C BANK 81.07DLF 75.85CENTURY TEXTILES 68.87ADITYA BIRLA NUVO 68.45RANBAXY LABORATORIES 66.39G A C L 62.27NDTV Ltd 60.68KOTAK MAHINDRA BANK 57.32JAIPRAKASH ASSOCIATES 56.74RELIGARE ENTERPRISES 54.76STERLITE INDUSTRIES 54.01SIEMENS 51.45G A I L 36.15POWER FINANCE CORPORATION 30.28MADRAS CEMENT 29.27MUNDRA PORT & SEZ 24.52ESSAR SHIPPING 21.02SUZLON ENERGY 16.73UNITECH 16.45UNION BANK OF INDIA 13.11CAIRN INDIA 10.54BANK OF BARODA 10.18RURAL ELECTRIFICATION CORPORATION 10.00POWER GRID CORPORATION OF INDIA 8.24OIL INDIA 7.03

Holdings Market Value(Rs. in Lakhs)

Last 1 year

Last 3 years 0.04%

Since Inception 7.96%

Benchmark (Sensex) Return Last 1 year 75.49

60.19%

%

ANNUALISED RETURNS

DIVIDEND HISTORYMonth Dividend

Oct-07 15.00%

NAV (Rs.) as on 30/10/2009: DIVIDEND: 9.7420; GROWTH: 10.9843

NAV (Rs.) as on 30/10/2009; Dividend: 8.9880; Growth: 25.1036

Money Mkt.2.67%

Money Mkt.3.47%

Equity97.33%

Equity96.53%

UNITECH 16.45UNION BANK OF INDIA 13.11N H P C 7.40INDIABULLS POWER 6.23SATYAM COMPUTER SERVICES 5.11Total Equity 8073.39Debt 0.00Total - Debt 0.00Commercial Paper / Bank Deposit Cash ‘n’ Call, Current Assets & Receivables 221.24

N H P C 4.15INDIAN HOTELS 3.69SATYAM COMPUTER SERVICES 3.07INDIABULLS POWER 2.77Total Equity 3870.98Debt Total - Debt 0.00Commercial Paper / Bank Deposit 0.00Cash ‘n’ Call, Current Assets & Receivables 139.01

Market Review

DEBT REVIEW

EQUITY REVIEW

Liquidity was at ease and call rates were soft through out the period, on ample cash in the system. Overnight Call rates were hovering around the reverse-repo levels under the LAF indicating excess liquidity in the system. Call rates traded at 3.25/3.30 percent at the end of month.

RBI's second quarter Review of Monetary policy:

lGDP growth projection for 2008-09 retained at 6.0 per cent with an upward bias.

lWPI Inflation projection at End March 2010 placed at 6.5 per cent with an upward bias, higher than 5.0 percent projected in the July 2009 review.

lIndicative projection of money supply growth of 18 per cent set out in July 2009 Review is revised downwards to 17 percent.

lBank Rate, Repo Rate and Reverse Repo Rate kept unchanged.

lCRR unchanged at 5%.

lSLR hiked from 24percent to 25percent.

lNon-convertible debentures of less than one year to be brought under the regulation of Reserve bank of India. The Norms on NCDs may on the lines of the guidelines for issuance of commercial paper. The norms may be in place by November end.

lTo introduce plain vanilla OTC single-name CDS for corporate bonds soon for resident entities subject to appropriate safeguards

lTo issue Final guidelines on repo in corporate bonds by November end.

lSpecial term repo facility for scheduled commercial banks for funding to mutual funds, NBFCs, and housing finance companies (HFCs)] are being discontinued with immediate effect.

Monetary Policy Stance

lKeep a vigil on the trends in inflation and be prepared to respond swiftly and effectively through policy adjustments to stabilise inflation expectations.

lMonitor the liquidity situation closely and manage it actively to ensure that credit demands of productive sectors are adequately met while also securing price stability and financial stability.

lMaintain a monetary and interest rate regime consistent with price stability and financial stability, and supportive of the growth process.

The Headline inflation, as measured by the wholesale price index, rose 1.51 percent for the week ended October 17, 2009 its strongest pace since May 16 when it was 1.65 percent. Consumer Price Index (CPI) for the month of August rose to 11.7 percent.

Gsec market yield eased after RBI in its review restored the SLR levels back to 25 percent thus increasing demand for bonds. The 10- year benchmark 6.90 percent 2019 bond closed at a yield of 7.26 percent on 29th October 2009. On the corporate bond front, 5- year AAA paper was valued at a yield to maturity of 8.72 percent as on 29th October 2009.

By maintaining status quo on all key policy rates and withdrawing some of the special accommodative stance RBI has signaled a pragmatic shift in monetary stance, since rising inflation has become a major concern. However with economic recovery still in the nascent stage and GDP for the current Fiscal retained at 6 percent with an upward bias, RBI may wait for further clarity on inflation before hiking the key policy rates.

The BSE Sensex fell 7.2% in October and registered their biggest monthly fall in a year after they closed 1 per cent lower on the last trading day of the month.

The market was volatile in this month and was sensitive to the profit booking, Q2 results, global cues and domestic economic data. Till Diwali the BSE Sensex and Nifty moved up only by 1.11% and 1.14% respectively and closed on 17th October 09 i.e. Muhurat Trading at 17326.01 and 5141.80 respectively. Post Diwali, both the indices fell sharply by around 8% in 9 trading sessions. The BSE 30-share Sensex fell 1238.27 points or 7.22% to 15896.28 in the month. The S&P CNX Nifty declined 371.70 points or 7.31% to 4,711.70.

The U.S. economy grew at 3.5% in the third quarter for the first time in a year as consumer spending and investment in new home building rebounded. Data showed unofficially ending the worst recession in 70 years.

Corporate News:

The major IPO, Indiabulls Power Ltd, which raised about $380 million in a heavily subscribed IPO, slumped as much as 22% on debut and could hit investors appetite for a long and growing IPO pipeline. However, Thinksoft Global, which got listed at Rs.100 has surged 120 per cent from its listing price on the Bombay Stock Exchange (BSE).

The flat Q2 results of majors like Reliance Industries and Bharti Airtel brought down the stock prices heavily. The other index stocks to go down included DLF, Reliance Infrastructure, Hindalco and ICICI Bank with losses falling between 18.6% and 12.7%. Among the gainers were Tata Motors, Wipro, Sun Pharmaceutical, Grasim and Hindustan Unilever with gains between 3.2% and 0.9%. The other non-index stocks to go up included Crompton Greaves, Balrampur Chini, United Spirits, Dr Reddy's Laboratories, Ranbaxy Laboratories, PTC India and Voltas with gains between 10.4% and 3.1%. The biggest non-index loser was Aptech with a 31.0% loss. The other non-index stocks to go down included Ajmera Realty & Infra India, Reliance Natural Resources, Bank of India, Punj Lloyd, Dena Bank, Suzlon Energy and Ispat Industries with losses falling between 24.6% and 19.1%.

Institutional Activities:

The FIIs flow was moderate compare to the previous month. There was a net inflow of Rs 9077 crores during the month against the inflow of Rs.18344.30 crore in September 09. On the other hand, the domestic MFs turned net sellers with outflows of Rs 5309.10 crores during the month.

Sector Performance:

Except the FMCG all major sectoral indices posted negative monthly returns in this month. The FMCG posted positive returns of 8.30% where as the worst performers were Realty (-17.83%), Tech (-14.20%) and Oil & Gas (-11.04%). Even the Bankex and Auto who were the star performers in September 09 posted negative returns of 5.56% and 5.54% respectively.

Macro Developments:

lInflation based on wholesale price index was estimated at 1.2% on October 10,2009 showing a 5.9% increase over the March 2009 level. RBI has raised its forecast of inflation to be at 3% as against 1.3% estimated earlier.

lMid-term Review of RBI Monetary Policy: The review in the last week of October indicated the reversal of its accommodative monetary policy stance. Though the prime lending rates remained unchanged in this review, the SLR changed to 25%.

lThe GDP growth projected to be 6% for the FY2009-10

lThe core sector that constitute 26.7% in Index of Industrial Production registered a growth of only 4% after an impressive expansion of 7.8% in August mainly due to fall in the production of Coal and Cement.

lThe country's foreign exchange reserve rose by $684 million to $285.52 billion in the week ended 23/10/2009.

lExports declined by 13.8% to $13.6 billion in September 2009 over September 2008, preliminary data showed on 29 October 2009. The fall in exports in September 2009 was the lowest in the current financial year, showing gradual signs of recovery in the country's export sector.

The second quarter results of around 2000 odd companies showed that the topline was flat but the bottom line was increased around 43% due to better management of funds available through the stimulus packages and reduction in operating cost. The economic data is indicating recovery. The Central Bank has chalked out its exit policy by way of measures like closure of special repo windows, reduction in Government Borrowings, and increase in the Risk weightage to real estate sector; signaling tightening of the large liquidity in the market. With economy recovering the second half of the FY10 seems to be better. Investment in Equity at every dip would definitely fetch better returns in months to come.

OUTLOOK


LICMF UNIT LINKED INSURANCE SCHEME An Open-ended Insurance linked Tax Saving Scheme


TOTAL FUND (as on 3 / 0/2009) : Rs. Lakh0 1 9164.37

NAV (Rs.) as on 30/10/2009 : 8.8472

Last 1 year 37.15%Last 3 years 2.09%Since Inception 11.50%Benchmark (C BalanceEx) Return (Last 1 year) 54.37%

ANNUALISED RETURNS



Equity R I L 675.94BHARTI TELEVENTURE 525.87BHARAT ELECTRONICS 463.72L & T 438.80JAIPRAKASH ASSOCIATES 399.14B H E L 398.52POWER GRID CORPORATION OF INDIA 381.17TATA TEA 347.03CIPLA 258.98O N G C 249.19H D F C 242.53RELIANCE COMMUNICATION 228.74SIEMENS 182.58G A C L 177.90S B I 175.28BAJAJ HINDUSTAN 157.00G A I L 156.47TATA MOTORS 141.25N M D C 140.84S A I L 139.83DEEPAK FERTILISERS 132.58PUNJAB NATIONAL BANK 68.32INDIABULLS POWER 6.23



Holdings(Rs. in Lakhs)

Rating Market Value

Debt

GSEC 6.05% 02/02/2019 AAA 725.52

PUNJ LLOYD AA 516.39

GSEC 7.35% 22/06/2024 AAA 279.45



TOTAL - DEBT 3051.99

Commercial Paper 0.00

TOTAL - Commercial Paper






Bonds / DebenturesI C I C I BANK AAA 3510.00ALOK INDUSTRIES PR1+ 35000.00BAJAJ HINDUSTAN F1 25000.00DECCAN CHRONICLE PR1+ 23640.00RANBAXY HOLDING A1+ 20000.00REI AGRO PR1 20000.00OSCAR INVESTMENTS A1+ 20000.00TGS INVESTMENT & TRADE A1+ 16500.00ALOK INDUSTRIES PR1 15000.00JINDAL STEEL & POWER A1+ 10000.00ICICI SECURITIES P1+ 10000.00SREI INFRASTRUCTURE FINANCE PR1+ 10000.00BHUSHAN STEEL & STRIPS PR1 10000.00MUTHOOT FINANCE A1+ 10000.00TATA MOTORS A1 10000.00BAJAJ HINDUSTAN F1 10000.00L & T FINANCE PR1+ 10000.00AMTEK AUTO PR1+ 10000.00ARCH PHARMALABS F1 10000.00JAIPRAKASH ASSOCIATES PR1 10000.00MAGMA LEASING AA- 7000.00FIRST LEASING PR1+ 6500.00TURQUOISE INVESTMENT P1+ 5000.00RANBAXY HOLDING A1+ 5000.00KOTAK MAHINDRA INVESTMENTS A1+ 5000.00SHREE CEMENT LTD PR1+ 5000.00TANTIA CONSTRUCTIONS PR1 4500.00COX AND KINGS PR1 2400.00COX AND KINGS PR1+ 2000.00TRAPTI TRADING & INVESTMENT A1+ 1000.00SHRIRAM TRANSPORT FINANCE AA 800.00COX AND KINGS PR1 700.00MAGMA LEASING AA 148.33Commercial PaperTATA MOTORS FINANCE A1 65286.88INDIABULLS FINANCIAL SERVICES P1+ 51222.72RELIANCE CAPITAL A1+ 49457.98RELIGARE SECURITIES P1 28702.60RELIGARE FINVEST A1+ 28194.53RELIANCE COMMUNICATION PR1+ 18829.60ESSAR STEEL F1 18651.57CHOLAMANDALAM DBS FINANCE A1+ 13902.43R I L P1+ 9948.46ICICI SECURITIES P1+ 9790.94ADLABS FILMS A1+ 9607.67TATA MOTORS A1 9596.13SAPOORJI PALLONJI A1+ 9435.43AFCONS INFRASTRUCTURE P1+ 9424.36BHUSHAN POWER AND STEEL F1+ 9382.45SUNDARAM FINANCE A1+ 9382.45TATA CAPITAL A1+ 9382.45RELIANCE SECURITIES A1+ 9360.56MAGMA FINCORP PR1+ 9295.48ESSAR SHIPPING PORTS & LOGISTICS PR1 7915.73PUNJ LLOYD PR1+ 7206.79IDFC A1+ 6734.41PATEL ENGINEERING PR1+ 4702.23BAJAJ AUTO FINANCE P1+ 4695.62BILT GRAPHIC PAPER F1+ 4667.23ELECON ENGINEERING COMPANY PR1+ 3721.64TELEVISION EIGHTEEN A1+(SO) 2927.81H C C PR1+ 2426.60J K PAPER A1 2317.43PAREKH ALUMINEX PR1+ 1415.61AMALGMATED BEAN COFEE TRADING CO. PR1+ 931.27Certificate of DepositI D B I BANK A1+ 80379.91CENTRAL BANK OF INDIA PR1+ 28486.85VIJAYA BANK PR1+ 28389.41ALLAHABAD BANK A1+ 19053.80



NAV (Rs.) as on 30/10/2009

Daily Dividend : 10.0000 Weekly Dividend : 10.0056Monthly Dividend : 10.0385 Growth : 12.1147

LICMF INCOME PLUS FUNDAn Open-ended Debt Scheme

DIVIDEND RECORD

Year Rate1989-90 12.50%1990-91 13.00%1991-92 13.50%1992-94 (18 months) 15.00%1994-95 7.50%1996-97 6.00%1997-98 10.00%1999-00 10.00%

Year Rate2001-02 10.00%2002-03 7.50%2003-04 17.00%2004-05 20.00%2005-06 28.00%2006-07 44.00%2007-08 30.00%2008-09 0.00%

Feb-08 0.06900000 0.06300000 0.06910000Mar-08 0.08220000 0.09270000 0.08290000Apr-08 0.06720000 0.06200000 0.06750000May-08 0.06860000 0.06340000 0.06870000Jun-08 0.07650000 0.08690000 0.07690000Jul-08 0.07880000 0.08860000 0.07910000Aug-08 0.07820000 0.07560000 0.07870000Sep-08 0.08850000 0.09690000 0.08890000Oct-08 0.09410000 0.08220000 0.09450000Nov-08 0.07390000 0.07850000 0.07510000

Dec-08 0.08630000 0.09820000 0.09370000Jan-09 0.07070000 0.05430000 0.07080000Feb-09 0.05580000 0.05660000 0.05590000Mar-09 0.06120000 0.06460000 0.06140000Apr-09 0.03920000 0.03839740 0.03920000May-09 0.04840000 0.04490000 0.04800000Jun-09 0.05200000 0.05690000 0.05220000Jul-09 0.05070000 0.04670000 0.05070000Aug-09 0.04070000 0.04650000 0.04090000Sep-09 0.04230000 0.04020000 0.04250000Oct-09 0.03850000 0.03500000 0.03850000

Month Daily Weekly Monthly



Avg. Maturity (in months) : 5.14Avg. Duration (in months) : 4.88

Expense Ratio (as at ) : 2. % 30/10/2009 50

Last 1 year 6.94%Since Inception 8.24%Benchmark (C Fund ~ LX) Return - last 1 year 6.27%

ANNUALISED RETURNS


DIVIDEND DECLARED

Money Mkt.0.27%

Debt 33.30%

.

Equity66.43%

INDIAN BANK F1+ 19043.44FEDERAL BANK P1+ 18933.61YES BANK A1+ 18853.12I C I C I BANK A1+ 14398.00VYSYA BANK P1+ 14006.57STATE BANK OF HYDERABAD A1+ 9512.85CORPORATION BANK P1+ 9509.63KARNATAKA BANK A1+ 9435.43CANARA BANK A1+ 7132.67SMALL IND. DEV BANK OF INDIA PR1+ 4719.05

Bank DepositsI C I C I BANK 25000.00




AA-- or

Bank Deposits1.95%


ICRA Assigns mfA1+ toLICMF Liquid Fund

Year 2008 has seen the most rare events since 1929. We have the world's

strongest economy heading towards recession. Largest financial

institutions like Bear Sterns and Lehman Brothers have faced bankruptcy

and others like AIG, Fannie Mae, etc bailed out while some like Goldman

Sachs, Morgan Stanley will have to convert to Bank to survive the current

turmoil. These events have had its own ripple effects. Across the globe, the

financial markets tumbled to its lowest. Governments of various countries

came up with stimulus packages that helped to rise from the financial

turmoil that left almost all world economies vulnerable to growth.

During the month of October 08 the mutual fund industry witnessed an

erosion of nearly 18% of the asset under management (AUM) to

Rs. 4,31,901 crore from Rs.5,29,103 crore in September. Reports said that

debt assets declined by as much as 60%.

During the previous year, LICMF Liquid Fund has been has been ranked

a seven star fund and awarded with the gold award for best performance in

the category of “open ended liquid plus” for three year period ending

December 31, 2008. LICMF Liquid Fund has also been ranked a five star

fund indicating performance among the top 10% in the category of “open

ended liquid plus” for one year period ending December 31, 2008. Also,

LICMF Liquid Fund received Morningstar Fund Awards (India) for India

Liquid Category held on March 06, 2009. This award also recognizes the

credibility of other ultra short-term funds of LIC Mutual Fund. Morningstar

is a leading provider of independent investment research internationally.

They are best known for rating funds and stocks and initiated mutual fund

awards in India previous year.

LICMF Liquid Fund was rated by Fitch as AA(Ind) on December 22, 2008.

With an intention to provide more comfort to our investors it was decided to

obtain a second rating from ICRA. On October 30, 2009, ICRA has assigned

Credit Risk Rating mfA1+ to LICMF Liquid Fund. mfA1+ rating is the

highest-credit-quality short-term rating assigned by ICRA to debt funds.

This scale applies to debt funds with weighted average maturity up to one

year. Such funds would generally include liquid funds and cash funds. The

rated fund carries the lowest credit risk, similar to that associated with

short-term debt obligations rated in the highest-credit-quality category.

- CIO's Desk

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4th Floor, Industrial Assurance Bldg., Opp. Churchgate Station, Mumbai 400 020. Tel. : 22812038 E-mail: [email protected] visit us at www.licmutual.com

Statutory Details: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. LIC Mutual Fund Asset Management Co. Ltd. is the Investment Manager to the Fund. RISK FACTORS: Mutual Funds and Securities investments are subject to market risks and there is no assurance and no guarantee that the objectives of the Mutual Fund will be achieved. As with any investment in stocks and shares, the NAV of the units issued under the scheme can go up or down depending on the factors and forces affecting the capital markets. The Sponsor is not responsible for or liable to any loss resulting from the operations of the scheme beyond their initial contribution of Rs. 2 Crore towards the setting up of the Mutual Fund. Past performance of the Sponsor/AMC/Mutual Fund does not indicate the future performance of the schemes of the Mutual Fund. The NAV of units of the scheme may be affected by changes in general level of interest rates. Please read the scheme information document carefully before investing.

Investment Manager:

PLACE ADDRESS LANDLINE MOBILEAHMEDABAD Jeevan Sadan, 3rd Flr, LIC Bldg, Opp. Capital Commercial Center, BANGALORE No.4, Canara Mutual Building (Opp. Cash Pharmacy), 2nd Floor, 080-22210180 / 22295598 9845172957 / 9972092957 /

Residency Road, BANGALORE-560025. 9986500721 BHUBANESHWAR OCHC Building, Ground Floor, 24-Janpath, Unit-3, BHUBANESHWAR-751001. 0674-2390694 9438132162 /9438081037 /

9438526420CHENNAI 15, Anna Salai, Next to V.G.P. Bldg., CHENNAI - 600002. 044-28411984 / 28555883 9382315850 / 9940286305 /

9962526278 / 9940178266DEHRADUN 56, Gandhi Road, 1st Fl., Opp. Hyundai Commercial, DEHRADUN - 248 001 0135 - 2668347 9410702598 / 9412039057 /

9410702598ERNAKULAM 11th Floor, Jeevan Prakash, M.G. Road, Ernakulam, KOCHI - 682011 0484-2367643 9895036554 / 9745612888 /

9946710555GOA T 9/10, 3rd floor, Alfran Plaza, Opp. Don Bosco High School, M. G. Road, Panaji, GOA-403001. 0832-2420561 9421151400 / 9890711551

9370643076 / 9673682722GUWAHATI LICMF AMC Ltd., C/o LIC of India, Jeevan Deep Building, Panbazar, GUWAHATI -782 001 0361 - 2735323 9435040478 / 9707021706HYDERABAD LIC Mutual Fund, House No. 5-9-57, 4th Floor, Jeevan Jyoti Building, 040-23244445 / 23210572 9392471583 / 9000444850 /

Basheerbagh, HYDERABAD - 500029. 9000550850INDORE U.V. Business Centre, 1st Floor, Snehil 9/1-A South Tukoganj, INDORE - 452001. 0731-2520262 / 4069162 9753242050 / 9425870126

9981511435JAIPUR 327 - A, 3rd floor, Ganpati Plaza, M. I. Road, JAIPUR - 1. 0141-5112620 9460873120 / 9829098323 /

9929095005KANPUR Jeevan Vikas, 16/98, M.G. Road, KANPUR - 208001. 0512-2360240 / 3244949 9839923499 / 9984006600 /

9838038440 / 9918971258 /9889085736

KOLKATA Ground Floor, Hindustan Building Annexe, 4, Chittaranjan Avenue, 033-22129455 / 65290605 9432128113 / 9830689965 /KOLKATA - 700072. 9836072229 / 9831983005 /

9474424374 / 9339531895 /9231407611

LUCKNOW 7th Floor, Jeevan Bhavan 2, Naval Kishore Road, Hazrat Ganj, Lucknow - 226 001 0522-2231186 9415060134 / 9450661015 /9453016072 / 9005056048

LUDHIANA LICMF AMC LTD., Room No. 102, 1st Fl., S.C.O. 19, Opp. Stock Exchange 0161 - 2405805 / 2405806 9814703558 / 9888320209Feroze Gandhi Market, Ludhiana - 141 001.

MADURAI C/o LIC of India, D.O., Near SDM Secretariat, Bridge Station road,Sellur, Madurai - 625 002 0452 - 2535105 9442109039 / 9655505105MANGALORE LICMF AMC Ltd., No. 6, Gr. Floor, Popular Building, K S Rao Road, Managalore - 575 001 0824 - 2411482 9845190466 / 9980950466MUMBAI - I LIC Mutual Fund, 5th Floor, Industrial Assurance Bldg., 022-22885971 / 22851659 9324543832 / 9320012110 /

Opp. Churchgate Station, MUMBAI - 400020. 9930822601 / 9892550455 / 9930957772 / 9870775600

9320762764MUMBAI - II 103, First Floor, A Wing, BSEL Tech Park, Opp. Vashi Railway Station, Navi Mumbai - 400 705. 022-2781 2522 9820002994 / 9702882224 /

9371617717 / 9619575895NAGPUR LIC Mutual Fund AMC Limited, Jeevan Seva Bldg., Mount Road, Sadar, Nagpur - 440 001. 0712 - 2542497 9422113800 / 9975724030

9922402272NASHIK Shop No.2, Ground Floor, Rajvee Enclave, New Pandit Colony, NASHIK - 422002. 0253-2579507 9922996155 / 9823366379NEW DELHI 7th Floor, Jeevan Prakash, 25 K.G. Marg, NEW DELHI - 110001. 011-23359190/23314396 9716481681 / 9818610867 /

9818630124 / 9811108744 / 9818191263 / 9891736008 /9871814850

PATNA Ground floor, Jeevan Jyothi Bldg. Exhibition Road, PATNA - 800001. 0612-2501157/6452757 9470610695 / 9431023274 /9431037251 / 9234600411

PUNE C/o LIC of India, Pune D.O.-I,6/7, Shivaji Nagar,University Road, Pune - 411 005 020 - 25537301 9822474487 / 9325523480 /9767868611

RAIPUR SF-22-23, Millennium Plaza, Near Indian Coffee House, 0771-2236780/4051137 9329731077 / 9329100009/G.E. Road, RAIPUR - 492001 C.G. 9407646661

RANCHI Narsaria Tower, 2nd Floor, Opp. Lalpur Police Station, Post Lalpur, RANCHI -834001. 0651-2206372 9470524099 / 9334768543

AHMEDABAD - 380006. 079-26588301 / 65431989 9375090006 / 9924403147

November, 2009

Mobile No. Mobile No. Mobile No. Mobile No.AGARTALA : 9856027836AHMEDNAGAR : 9422238925ALLAHABAD : 9336928397ALWAR : 9001059659AGRA : 9927888854ALAPUZHA : 9447367160AMRITSAR : 9814299747AJMER : 9829077674AMRAVATI : 9923797207ANANTPUR : 9000444852AURANGABAD : 9422728151BALAGHAT : 9302185901BALASORE : 9438020115BANKURA : 9378330300BEGUSARAI : 9905816354BERHAMPORE : 9861546580BELGAUM : 9845205168BELLARY : 9980830179BHAVNAGAR : 9825412482BILASPUR : 9303354453 /

9301982280BHILAI : 9303808855BHOPAL : 9302441980BHAGALPUR : 9431609765BHILWARA : 9829287273BIKANER : 9829791132

BUSINESS CENTREName of Place Name of Place Name of Place Name of Place

BOKARO : 9955189443BURDWAN : 9831712244CALICUT : 9961036375

9349739890CHANDIGARH : 9316065681CHANDRAPUR : 9372941955COIMBATORE : 9282216891DALTONGANJ : 9162780200DEOGHAR : 9430155378DHANBAD : 9835334495FARIDABAD : 9871814850GAYA : 9334118071GORAKHPUR : 9336833448GULBARGA : 9900144196GURGAON : 9654228220GWALIOR : 9406586454HAZARIBAG : 9835197681 /

9199107292HASSAN : 9986125091HOSHIARPUR : 9988102107HUBLI : 9880058223JABALPUR : 9407606313JAGDALPUR : 9303354452JALANDHAR : 9779966466JALGAON : 9921515829JAMMU : 9419213201

JAMSHEDPUR : 9234620669JHANSI : 9760016559JODHPUR : 9829947974KANNUR : 9846113249KARIMNAGAR : 9000444853KHARAGPUR : 9830759959KHARWAR : 9535484475KOTTAYAM : 9349374220KOTA : 9829905879KOLHAPUR : 9822851948MADIKERI : 9886028217MALDA : 9836237434 /

9851955023MEERUT : 9319267811MYSORE : 9986117183MUZAFFARPUR : 9431813155NANDED : 9822203503NELLORE : 9000444854PANIPAT : 9996006023PATIALA : 9888710200PONDICHERRY : 9443337411PURNEA : 9939491090RAIGARH : 9302784008RAJAHMUNDRY : 9000171857RAJKOT : 9898733233SAMBALPUR : 9937040031

SALEM : 9944744424SATARA : 9321452045SATNA : 9926364561SHADOL : 9907666416SHILLONG : 9864152899SHIMLA : 9816687581SHIMOGA : 9902007686SILCHAR : 9401349110SURAT : 9978862626

9925027406SILIGURI : 9832010008THANE : 9320180806THIRUVELVELI : 9994321100THIRUVANA-NTHAPURAM : 9388088066THRISSUR : 9388110220TRICHY : 9842524130TRIVANDRUM : 9388088066UDAIPUR : 9784011432UDUPI : 9611111028VADODARA : 9327494916VARANASI : 9336501004VELLORE : 9791262600VISHAKHAPATNAM : 9000444851VIJAYWADA : 9000444856WARANGAL : 9000171858

AREA OFFICES

Mutual Fund Investments are subject to market risks. Please read the scheme information document carefully before investing.

Open-ended liquid scheme providing liquidity and attractive returns.

Growth, Dividend, Reinvestment and Dividend payout option.

Tax free dividend income and capital gain tax benefit.

T + 1 Redemption facility.

Daily Dividend.

licmf factsheet november 09a - lic mutual fund mutualinterest mutualinterest 15 licmf unit linked...

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