Wishing You & Your Family January, 2011 www.licmutual.com Risk Factors: Mutual Fund 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. Past performance of the Sponsor / AMC / Mutual Fund does not indicate the future performances of the schemes of the Mutual Fund. 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 Cr towards the setting up of the Mutual Fund. The NAV of the units of the scheme may be affected by changes in general level of interest rates. Please read the Scheme Information Document, Statement of Additional Information carefully before investing. Copy of the SID, SAI, KIM and Application Form may be obtained from our Offices / Website / R&T Agent. Statutory Details: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. LIC Mutual Fund Asset Management Company Ltd. is the Investment Manager to the Fund.
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 securities 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,
Risk Factors: Mutual Fund 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. Past performance of the Sponsor / AMC / Mutual Fund does not indicate the future performances of the schemes of the Mutual Fund. 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 Cr towards the setting up of the Mutual Fund. The NAV of the units of the scheme may be affected by changes in general level of interest rates. Please read the Scheme Information Document, Statement of Additional Information carefully before investing. Copy of the SID, SAI, KIM and Application Form may be obtained from our Offices / Website / R&T Agent. Statutory Details: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. LIC Mutual Fund Asset Management Company Ltd. is the Investment Manager to the Fund.
MUTUAL INTEREST2 15MUTUAL INTEREST
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
Shri A. R. Nayak
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
1% if exit within 1 year
Regular Plan: Rs. 5,000/-PF Plan: Rs. 10000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
Quarterly
Shri A. R. Nayak
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
1% if exit within 1 year
Rs. 5000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
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/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
Monthly / Daily / Weekly
Shri A. R. Nayak
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/-
Redemption on all business days
On all days
STP
Available
Daily
Shri A. R. Nayak
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
1% if exit within 1 year
Rs. 5000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
Monthly / Quarterly / Yearly
Mrs. Bichitra Mahapatra
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/-.
Redemption on all business days
On all days
SIP / SWP / STP / AWOCA
Available
Daily / Weekly
Shri A. R. Nayak
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
Redemption on all business days
On all business days
SIP / STP
Available
As and when available
Mrs. Bichitra Mahapatra
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
Fund Manager
Launch Date
Objective
Type
Plans
Options
Entry Load
Exit Load
Minimum Investment
Liquidity
NAV Declaration
Special Facilities
Nomination
Dividend Frequency
Fund Manager
LICMF UNIT LINKED INSURANCE SCHEME An Open-ended Insurance linked Tax Saving Scheme
EQUITY PORTFOLIO (as on 31/12/2010)
EQUITY PORTFOLIO (as on 31/12/2010)
TOTAL FUND (as on 31/12/2010) : Rs. Lakh12627.02
NAV (Rs.) as on 31/12/2010 : 10.4200
Last 1 year 8.36%Last 3 years -6.04%Since Inception 9.71%Benchmark (C BalanceEx) Return (Last 1 year) 13.21%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Holdings Rating Market Value(Rs. in Lakhs)
Equity B H E L 670.43O N G C 659.63R I L 634.95TATA POWER 619.80INFOSYS TECHNOLOGIES 585.65H D F C BANK 422.37HOUSING DEVELOPMENT FINANCE CORPN 422.21S B I 365.44TATA CONSULTANCY SERVICES 349.52TATA TEA 270.88L & T 267.17H P C L 254.38G A I L 237.01M & M 229.38CIPLA 221.94SIEMENS 205.19PUNJAB NATIONAL BANK 183.28TATA STEEL 169.74I C I C I BANK 137.36TATA MOTORS 130.63JINDAL STEEL & POWER 124.81JUBILANT ORGANOSYS 120.02STERLITE INDUSTRIES 111.96H C L TECHNOLOGIES 91.21DR REDDYS LABORATORIES 83.13M U L 71.03COAL INDIA LIMITED 61.04INDIAN HOTELS 16.75TOTAL - EQUITY 7716.88
DEBT PORTFOLIO (as on 31/12/2010)
Holdings(Rs. in Lakhs)
Rating Market Value
DebtDECCAN CHRONICLE AA 717.49PUNJ LLOYD AA 710.65SHRIRAM TRANSPORT FINANCE AA 390.99R E C AAA 106.20MAGMA FINCORP AA- 1,589.93RELIANCE CAPITAL AAA 400.00TOTAL - DEBT 3915.27Bank DepositsTotal - Bank Deposits Commercial Paper 0.00TOTAL - Commercial Paper 0.00Cash 'n' Call, Current Assets & Receivables 994.87
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.
LICMF GROWTH FUNDAn Open-ended SchemeGrowth
PORTFOLIO (as on 31/12/2010) PORTFOLIO (as on 31/12/2010)
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 11237.96
Expense Ratio (as on 31 ) : %/12/2010 1.61
Last 1 year 17.48%Last 3 year -2.69%Since Inception 10.05%Benchmark (Sensex) Return - last 1 year 17.43%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Holdings Mkt. Value(Rs. Lakh)
Holdings Mkt. Value(Rs. Lakh)
EquityR I L 698.45INFOSYS TECHNOLOGIES 607.94S B I 492.86H D F C BANK 460.38I C I C I BANK 457.86L & T 445.29I T C 401.35M & M 383.72S A I L 339.68O N G C 303.95TATA STEEL 296.01B H E L 284.74G A I L 274.96HOUSING DEVELOPMENT FINANCE CORPN 272.98HINDALCO 260.76INDIAN HOTELS 254.06STERLITE INDUSTRIES 233.25TATA CONSULTANCY SERVICES 233.01AXIS BANK 215.92TATA MOTORS 215.54WIPRO 187.93HERO HONDA MOTORS 168.82SESA GOA 164.20VOLTAS 158.07M U L 149.16DR REDDYS LABORATORIES 141.32CIPLA 140.56IDFC 136.65JINDAL STEEL & POWER 135.51I D B I 126.94RANBAXY LABORATORIES 119.73JUBILANT ORGANOSYS 117.09BHARTI AIRTEL 107.52ANDHRA BANK 98.09KOTAK MAHINDRA BANK 95.01H C L TECHNOLOGIES 91.21NEYVELI LIGNITE CORPORATION 90.34BALARAMPUR CHINI MILLS 88.00UNION BANK OF INDIA 86.88INDIA CEMENTS 84.60B E M L 82.64N M D C 79.23G A C L 78.68IVRCL INFRASTRUCTURES & PROJECTS 77.25BHARAT FORGE 75.76COAL INDIA LIMITED 61.04JSW STEEL 58.81SIEMENS 55.94MADRAS CEMENT 52.16PUNJAB NATIONAL BANK 50.94B P C L 33.27N T P C 32.15YES BANK 31.27GUJRAT NRE COKE 29.08TATA POWER 27.31CHAMBAL FERTILISERS & CHEMICALS 22.58
LICMF TAX PLANAn Open-ended ELSS
PORTFOLIO (as on 31/12/2010)
DIVIDEND HISTORY
Month Dividend (Rs./Unit)
Mar-04 2.00
Mar-05 3.00
Aug-05 1.00
Mar-06 2.00
Oct-06 2.50
May-07 1.00
Oct-07 1.50
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 4276.09
Expense Ratio (as on 31 ) : 2.14%/12/2010
(Past Performance may or may not be Sustained in Future)
PORTFOLIO (as on 31/12/2010)
Holdings Mkt. Value %
(Rs. Lakh) ContributionEquityR I L 296.31INFOSYS TECHNOLOGIES 241.15S B I 216.45I C I C I BANK 200.31H D F C BANK 197.72TATA STEEL 187.39TATA CONSULTANCY SERVICES 186.41B H E L 151.11HOUSING DEVELOPMENT FINANCE CORPN 145.59I T C 137.73L & T 137.54JINDAL STEEL & POWER 114.11S A I L 109.91BHARTI AIRTEL 107.52M & M 101.08HINDALCO 92.25VOLTAS 82.49SESA GOA 82.10KOTAK MAHINDRA BANK 77.18G A I L 73.65O N G C 69.48INDIAN HOTELS 67.62AXIS BANK 57.02STERLITE INDUSTRIES 55.05TATA MOTORS 52.25DR REDDYS LABORATORIES 49.88CONCOR 49.83G A C L 48.64M U L 42.16N M D C 41.66M R F 41.59WIPRO 39.22BHARAT FORGE 37.88PUNJAB NATIONAL BANK 37.00I O C L 36.64RANBAXY LABORATORIES 35.92RURAL ELECTRIFICATION CORPORATION 35.78JUBILANT ORGANOSYS 33.45CIPLA 32.32COAL INDIA LIMITED 27.47IDFC 27.33TATA POWER 27.31RELIANCE INFRASTRUCTURE 25.26B P C L 19.74JAYPEE INFRATECH 18.40BANK OF BARODA 17.93UNION BANK OF INDIA 17.38MUNDRA PORT & SEZ 12.93ALLAHABAD BANK 11.29VIJAYA BANK 10.18IDEA CELLULAR 6.94
Holdings Market Value(Rs. in Lakhs)
Last 1 year
Last 3 years -6.80%
Since Inception 9.24%
Benchmark (Sensex) Return Last 1 year 17.43
15.73%
%
ANNUALISED RETURNS
DIVIDEND HISTORYMonth Dividend (Rs./Unit)
Oct-07 1.50
NAV (Rs.) as on 31/12/2010: DIVIDEND: 12.5815; GROWTH: 14.1868
NAV (Rs.) as on 31/12/2010; Dividend: 11.4307; Growth: 31.9245
ANDHRA BANK 6.04H P C L 1.44ZEE TELEFILMS 0.35Total Equity 4031.37Debt Total - Debt 0.00Commercial Paper 0.00Bank Deposits CORPORATION BANK 0.00Cash 'n' Call, Current Assets & Receivables 244.73
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
1% if exit within 1 year
Rs. 5000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
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/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
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.
To provide capitalgrowth by investing in index stocks.
Equity - Index
Sensex / Nifty / Sensex Advantage
Dividend / Growth
Nil
1% if exit within 1 year
Rs. 2000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
16th April 98
To obtain maximum possible growth consistent with reasonable levels of safety and security by investing mainly in equities.
Equity - Diversified
Dividend / Growth
Nil
1% if exit within 1 year
Rs. 2000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
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
1% if exit within 1 year
Rs. 1000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Mrs. Bichitra Mahapatra
Growth Fund Balanced Fund Equity Fund
Opportunities Fund Tax Plan Floater MIP
1st September 99
To provide capital growth by investing in a mix of equity instruments.
Equity - Diversified
Dividend / Growth
Nil
1% if exit within 1 year
Rs. 2000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
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 / Growth
Nil
Nil
Rs. 5,00,000/-
Redemption on all business days
On all business days
STP
Available
Daily / Weekly / Monthly
Shri A. R. Nayak
Index Fund
MUTUAL INTEREST4 13MUTUAL INTEREST
LICMF INDEX FUNDAn Open-ended Index Linked Equity Scheme
EquityR I L 665.77INFOSYS TECHNOLOGIES 616.77I C I C I BANK 488.48L & T 391.87HOUSING DEVELOPMENT FINANCE CORPN 350.42I T C 342.87H D F C BANK 309.55S B I 269.41TATA CONSULTANCY SERVICES 220.42BHARTI AIRTEL 162.83TATA MOTORS 162.30O N G C 161.24TATA STEEL 153.86B H E L 136.26AXIS BANK 128.48M & M 127.96H L L 121.51HINDALCO 119.21STERLITE INDUSTRIES 109.86JINDAL STEEL & POWER 102.39N T P C 95.53WIPRO 92.31G A I L 85.24TATA POWER 82.17BAJAJ AUTO 77.46DR REDDYS LABORATORIES 77.41IDFC 72.16HERO HONDA MOTORS 70.60M U L 70.14CIPLA 69.77SUN PHARMACEUTICALS 67.42PUNJAB NATIONAL BANK 60.71KOTAK MAHINDRA BANK 58.89CAIRN INDIA 53.38POWER GRID CORPORATION OF INDIA 51.96SESA GOA 46.75SIEMENS 45.81JAIPRAKSH ASSOCIATES 45.22RELIANCE INFRASTRUCTURE 43.91G A C L 43.27A C C 40.64H C L TECHNOLOGIES 40.11S A I L 39.80DLF 39.28RELIANCE COMMUNICATION 35.68RANBAXY LABORATORIES 33.64RELIANCE POWER LTD 31.94B P C L 31.70RELIANCE CAPITAL 28.26SUZLON ENERGY 15.04Total Equity 6787.66Cash 'n' Call, Current Assets & Receivables 51.22
NIFTY PLAN - PORTFOLIO (as on 31 )/12/2010
TOTAL FUND (as on 31/12/2010) : Rs. 6838.88 Lakh
NAV (Rs.) as on 31/12/2010: Dividend: 12.4891; Growth: 33.8574
Last 6 months 32.96%Last 1 year 18.23%Last 3 years -2.48%Since Inception 16.28%Benchmark NSE - Nifty Return (Last 6 months) 33.03%Benchmark NSE - Nifty Return (Last 1 year) 17.95%
ANNUALISED RETURNS
Equity R I L 345.41INFOSYS TECHNOLOGIES 304.78I C I C I BANK 238.19L & T 196.42HOUSING DEVELOPMENT FINANCE CORPN 173.34I T C 170.70H D F C BANK 157.57S B I 145.64TATA CONSULTANCY SERVICES 124.14O N G C 100.43BHARTI AIRTEL 86.31TATA MOTORS 80.43TATA STEEL 77.88B H E L 72.37M & M 63.14H L L 61.69N T P C 60.05HINDALCO 59.91STERLITE INDUSTRIES 56.75WIPRO 54.52
SENSEX PLAN PORTFOLIO (as on 31/12/2010)
Holdings Mkt. Value (Rs. lakhs)
SENSEX PLAN PORTFOLIO (as on 31/12/2010)
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 2990.32
NAV (Rs.) as on 31/12/2010: Dividend: 13.1244; Growth: 38.3032
Expense Ratio (as on 31 ) : 1.01%/12/2010
Last 6 months 34.10%Last 1 years 18.02%Last 3 years -1.55%Since Inception 18.07%Benchmark BSE - Sensex Return (Last 6 months) 33.92%Benchmark BSE - Sensex Return (Last 1 years) 17.43%
(Past Performance may or may not be Sustained in Future)
(Past Performance may or may not be Sustained in Future)
Holdings Mkt. Value (Rs. lakhs)
Holdings Mkt. Value (Rs. lakhs)
TOTAL FUND (as on 31/12/2010) : Rs. 490.73 Lakh
NAV (Rs.) as on 31/12/2010: Dividend: 12.6609; Growth: 35.7866
Expense Ratio (as on 31/12/2010) : 1.50%
Last 1 yearLast 3 years -2.73%Since Inception 17.09%Benchmark BSE - Sensex Return (Last 1 year) 17.43
15.98%
%
ANNUALISED RETURNS
DIVIDEND HISTORY
(Past Performance may or may not be Sustained in Future)
Holdings Mkt. Value (Rs. lakhs)EqutiyR I L 51.19INFOSYS TECHNOLOGIES 45.16I C I C I BANK 35.30L & T 29.11HOUSING DEVELOPMENT FINANCE CORPN 25.70I T C 25.30H D F C BANK 23.35S B I 21.59TATA CONSULTANCY SERVICES 18.40O N G C 14.90SESA GOA 14.78BHARTI AIRTEL 12.80TATA MOTORS 11.93TATA STEEL 11.55B H E L 10.72M & M 9.36H L L 9.14N T P C 8.91HINDALCO 8.88STERLITE INDUSTRIES 8.41WIPRO 8.08JINDAL STEEL & POWER 8.07TATA POWER 6.08BAJAJ AUTO 5.98M U L 5.51HERO HONDA MOTORS 5.30CIPLA 5.19G A C L 4.29DLF 3.33JAIPRAKSH ASSOCIATES 3.32RELIANCE INFRASTRUCTURE 3.31RELIANCE COMMUNICATION 2.81IDEA CELLULAR 1.74NDTV 1.39
Total Equity 460.86Cash 'n' Call, Current Assets & Receivables 29.86
JINDAL STEEL & POWER 54.45TATA POWER 41.00BAJAJ AUTO 40.34M U L 37.09HERO HONDA MOTORS 35.81CIPLA 34.99DLF 22.47JAIPRAKSH ASSOCIATES 22.43RELIANCE INFRASTRUCTURE 22.36RELIANCE COMMUNICATION 18.98Total Equity 2959.59Cash 'n' Call, Current Assets & Receivables 30.73
Market Review
DEBT MARKET REVIEW
Acute liquidity shortage prevailed during the entire month of December 2010. Advance tax outflows further strained the liquidity situation. The Call, Repo & CBLO rates for the month ended at 7.00%, 6.40% & 6.27% respectively.
RBI's Third quarter Review of Monetary policy: RBI announced its Third quarter Review of Monetary policy on 16 December 2010
Key points on RBI policy:
1. Repo rate unchanged at 6.25%, Reverse repo rate unchanged at 5.25% and CRR unchanged at 6.0%.
2. SLR cut to 24% from 25% from Dec 18 2010 and that liquidity support via repo borrowing will now be available only upto 1% of deposits in addition to SLR cut.
3. RBI will also conduct OMO purchase auctions for Rs. 48,000 crs in the next one month, with weekly auctions of Rs. 12,000 crores.
4. RBI said that "risk to end March projection for 5.5% WPI inflation is to upside."
The Policy generally addresses the liquidity concerns but assumes a hawkish stance on Inflation.
The annual rate of inflation based on wholesale prices fell to 7.48 percent in November 2010 compared to 8.58 percent in the previous month. However food inflation remains a major concern. Inflation in the Food Articles group climbed to 14.44% in the week ended December 18, 2010 from 12.13% in the previous week.
The 10-year benchmark bond (7.80% GS 2020) yield which was at 8.07% for the month of November 2010 ended at 7.91% for the month of December 2010. It traded in the range of 7.90% - 7.93%. Markets were cautious ahead of Rs. 12,000 crores OMO purchase auction. RBI has announced the auction of 5 State Development loans for a notified amount of 2,879 crs to be held on Jan 4, 2011.
On the CDs front PSU banks issued 3 months CDs in the range of 9.00% - 9.10%. One- year CDs yield ranged over the 9.75% levels for most part of the month of December 2010.
The 10-year AAA Corpoate Bond yield which was at 8.84% levels at the starting of December 2010, ended at 8.98% as on 31 December 2010.
Outlook :
Tight cash conditions have persisted since November due to lack of government spending, withdrawals during the festive season and advance tax outflows. Soaring Onion prices have further put pressure on inflation. The effect of OMO purchases, however, is likely to be negated partially on account of the recent advance tax outflows from the system. Hence liquidity concerns might prevail in the coming months. If inflation continues to be outside the 'comfort level' of RBI, then future rate hike starting from as early as early 2011 is quite on the cards.
EQUITY MARKET REVIEW
The robust economic growth and record inflows from foreign institutional investors were responsible for the rally in Indian stock m a r k e t s d u r i n g t h e calendar year 2010. The Bombay Stock Exchange benchmark index 'Sensex' gained 3044.28 points or 17.4 per cent to end the year at 20509.09 where as the Nifty gained 933.45
points or 17.9% to end the year at 6134.5. However, in terms of absolute performance it compares quite favourably with Brazil, Russia, India, China (BRIC) nations. With the exception of Russia, which went up by 23 per cent, Indian markets outperformed Brazil (up by 1 per cent) and China which was down by 14 per cent.
Best performing indices:
Strong domestic consumption was a driving factor behind the behavior of the Indian markets. The Consumer durables was up by 67.9% where as FMCG (fast moving consumer goods) was up by 32 per cent. The b a n k i n g , A u t o a n d Information Technology were the other notable sectoral performers. The worst performing sector was Real Estate that gave negative returns of 26%.
FII Inflow:
Though the net investments by foreign Institutional Investors (FIIs) for the month of Dec'10 was Rs. 2049.60 crore against Rs. 10233.10 crore for Dec'09, the net inflow for the year 2010 was up by 60% to Rs. 133266 crore against Rs. 83423.90 crore for 2009. this year the FIIs invested Rs. 38910.60 crore in Primary markets. The domestic Mutual funds were net investors for Rs. 1459.40 crore in December'10.(source: sebi)
Economy:
â Export/import: During the April-November '10, the export grew by 26.7%. The target for this fiscal is 15% growth in exports. Similarly the import growth is 24% for the same period.
Trade deficit has shrunk to $8.9 billion in November'10 from the 23-month high of $13.03 billion in August.
Core Sector Growth: The six core sectors that form 26.7% in the Index of Industrial Production grew by 2.3% slowest since February 08-09 giving forward indication of slower industrial growth. These six industries have grown 5% in April-November'10.
Inflation: The wholesale price index rose 7.48% in November from a year earlier compared with 8.58% in October'10. The food price index rose 14.44% while the fuel price index climbed 11.63% in the year to Dec.18.
GDP growth: Two consecutive quarters of this fiscal the economy grew by 8.9% compared to 7.5% in the last year. The growth in the economy is spread out in the agriculture, services and industry. The farm output grew by 4.4% where as the manufacturing was up by 9.8%.
Central Bank initiatives: The Reserve Bank of India lifted interest rates six times since March'10 to fight against the food inflation. the third quarterly review of Monetary Policy on January 25 will be crucial for the markets.
Outlook:
With growth oriented economy, positive and continuous foreign inflow Indian capital markets look positive for mid-term. However the crises of governances, galloping inflation demands strong and concrete policy decisions to manage the desired economic growth of around 9%. In the coming year, though equity markets will be susceptible towards the global and domestic environment, they will be in a optimistic frame.
â
â
â
â
â
Indices 1 year Returns (%)
ConsumerDurables 67.93
Auto 37.65
Bank 33.39
FMCG 31.97
IT 31.59
Capital Goods 9.20
Oil 1.25
Metals 1.13
Power -6.27
Real -25.92
MUTUAL INTEREST12 5MUTUAL INTEREST
LICMF LIQUID FUNDAn Open-ended Liquid Scheme
PORTFOLIO (as on 31/12/2010)
Bonds / Debentures
JSW STEEL PR1+ 59,782.62
BHUSHAN POWER AND STEEL PR1 41,200.00
ALOK INDUSTRIES PR1+ 30,000.00
BHUSHAN STEEL PR1 9,958.38
GRABAL ALOK IMPEX PR1 5,000.00
ARCH PHARMALABS A1 2,500.00
CORE PROJECTS & TECHNOLOGIES A1 1,620.50
TRAPTI TRADING & INVESTMENT A1+ 1,070.00
Commercial Paper
RELIGARE FINVEST P1+ 9,560.09
FUTURE CAPITAL HOLDINGS P1+ 789.48
Certificate Of Deposit
PUNJAB NATIONAL BANK PR1+ 79,957.89
ORIENTAL BANK OF COMMERCE P1+ 50,121.97
CANARA BANK P1+ 49,973.39
BANK OF MAHARASHTRA P1+ 29,951.11
ANDHRA BANK PR1+ 29,889.93
UNBI PR1+ 25,214.00
BANK OF INDIA P1+ 19,984.60
VIJAYA BANK PR1+ 19,976.78
INDIAN BANK F1+ 17,474.54
DENA BANK P1+ 13,585.72
I D B I A1+ 9,987.70
UCO BANK P1+ 9,982.55
Last 1 yearLast 3 year 6.88%Since Inception (18.03.2002) 6.63%Benchmark (C) Fund ~LX) Return (Last 1 year) 5.11
5.38%
%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Holdings Rating Mkt. Value (Rs. lakhs)
PORTFOLIO (as on 31/12/2010)
Holdings Rating Mkt. Value (Rs. lakhs)
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 520897.77
NAV (Rs.) as on 31/12/2010: Dividend: 10.9801; Growth: 17.5970
EquityR I L 380.97INFOSYS TECHNOLOGIES 344.50I C I C I BANK 296.46S B I 224.88HOUSING DEVELOPMENT FINANCE CORPN 218.39L & T 195.93TATA STEEL 190.11B H E L 171.01H D F C BANK 170.12O N G C 155.21I T C 139.60TATA MOTORS 130.63HINDALCO 123.00M & M 120.52TATA CONSULTANCY SERVICES 116.51INDIAN HOTELS 108.19BHARTI AIRTEL 107.52G A I L 102.16M U L 90.82SESA GOA 85.38N M D C 83.31S A I L 81.17STERLITE INDUSTRIES 79.31DR REDDYS LABORATORIES 74.81JINDAL STEEL & POWER 63.68POWER TRADING CORPORATION 63.63WIPRO 63.32I O C L 60.03RANBAXY LABORATORIES 59.87POWER GRID CORPORATION OF INDIA 58.92G A C L 53.99A C C 53.78AXIS BANK 53.72H C L TECHNOLOGIES 45.61KOTAK MAHINDRA BANK 45.25CIPLA 40.69
An Open-ended Equity Scheme
PORTFOLIO (as on 31/12/2010) PORTFOLIO (as on 31/12/2010)
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 10579.36
NAV (Rs.) as on 31/12/2010: Dividend: 11.4585; Growth: 29.0767
Expense Ratio (as on 31 ) : %/12/2010 1.67
Holdings Mkt. Value(Rs. Lakh)
Holdings Mkt. Value(Rs. Lakh)
Equity R I L 939.20INFOSYS TECHNOLOGIES 689.00I C I C I BANK 572.33B H E L 453.33H D F C BANK 448.93HOUSING DEVELOPMENT FINANCE CORPN 440.78L & T 425.50I T C 382.49TATA CONSULTANCY SERVICES 349.52S B I 337.33O N G C 318.56KOTAK MAHINDRA BANK 316.72TATA STEEL 271.58AXIS BANK 270.36M & M 225.49RELIANCE INFRASTRUCTURE 213.04HINDALCO 188.89STERLITE INDUSTRIES 186.60JUBILANT ORGANOSYS 177.10G A I L 176.73WIPRO 169.95SESA GOA 164.20VOLTAS 162.82M U L 148.17TATA MOTORS 146.17BHARTI AIRTEL 143.36CIPLA 140.56HERO HONDA MOTORS 139.03INDIAN HOTELS 135.63S A I L 135.05I F C I 134.60RANBAXY LABORATORIES 119.73H C L TECHNOLOGIES 111.78DR REDDYS LABORATORIES 108.07I O C L 102.90VIDEOCON INDUSTRIES 91.67N T P C 86.24G A C L 78.68ANDHRA BANK 75.45POWER GRID CORPORATION OF INDIA 73.42UNION BANK OF INDIA 69.50N M D C 68.86PUNJAB NATIONAL BANK 61.09I D B I 57.66COAL INDIA LIMITED 53.41JAIPRAKSH ASSOCIATES 42.36BHARAT FORGE 40.56SIEMENS 40.29JINDAL STEEL & POWER 35.66
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Last 1 year 15.98%Last 3 years -5.72%Since Inception 10.51%Benchmark (Sensex) Return Last 1 year 17.43%
BHARAT FORGE 37.88B P C L 31.95COAL INDIA LIMITED 30.53ANDHRA BANK 28.67JUBILANT ORGANOSYS 28.51INDIA CEMENTS 27.99PUNJAB NATIONAL BANK 24.44BANK OF BARODA 17.93ALLAHABAD BANK 11.29JAIPRAKSH ASSOCIATES 5.30Total - Equity 4697.46Debt 0.00Total - Debt 0.00Bank DepositsCash 'n' Call, Current Assets & Receivables 220.88
YES BANK 31.27H P C L 27.39TATA POWER 27.31CHAMBAL FERTILISERS & CHEMICALS 22.58B P C L 19.74ULTRA TECH CEMCO 15.44GUJRAT NRE COKE 11.77IRB INFRASTRUCTURE DEVELOPERS 5.04N H P C 4.79MOIL LTD 3.59NDTV 3.00DLF 2.92Total - Equity 10495.17Debt Total Debt Bank DepositsCash 'n' Call, Current Assets & Receivables 84.19
Money Mkt.0.80%
Equity99.20%
RATINGS OF LICMF LIQUID FUND
Rating: Credit Risk Rating mfA1+ by ICRA AAAmmf(ind) by Fitch
ICRA reserves the right to suspend, withdraw or revise the above rating at any time on the basis of new information or unavailability of information of such circumstances, which ICRA believes, may have an impact on the aforesaid rating assigned.
All Fitch Credit Ratings are subject to certain Limitations and Disclaimers. Please read these Limitations and Disclaimers by following this link: http://fitchratings.com/understandingcreditratings
MUTUAL INTEREST6 11MUTUAL INTEREST
PORTFOLIO (as on 31/12/2010)
TOTAL FUND (as on 31 ) : Rs. 420221.89 Lakh/12/2010
Bonds / DebenturesS A I L AAA(SO) 20.28TRAPTI TRADING & INVESTMENT A1+ 19,970.00TGS INVESTMENT & TRADE A1+ 16,100.00JSW STEEL PR1+ 12,000.00JSW ENERGY PR1+ 9,878.80MAGMA FINCORP AA 4,500.00BHUSHAN POWER AND STEEL PR1 1,140.00ARCH PHARMALABS PR1+ 1,000.00CORE PROJECTS & TECHNOLOGIES A1 35.00Commercial PapersBHARAT HOTELS P1+ 2,970.02JAIPRAKASH ASSOCIATES P1 34,986.41INDIABULLS FINANCIAL SERVICES P1+ 27,935.21KEC INTERNATIONAL P1 10,493.61RELIGARE SECURITIES P1+ 9,903.53BOMBAY RAYON FASHIONS P1 9,806.64MERCATOR LINES P1+ 9,605.30RELIANCE MEDIA WORKS P1 7,102.64FUTURE CAPITAL HOLDINGS P1+ 6,440.75TANTIA CONSTRUCTIONS P1 4,813.46RELIGARE FINVEST P1+ 4,159.64PATEL ENGINEERING P1+ 3,803.54TELEVISION EIGHTEEN P1+ 2,936.41SP FABRICATORS P1 2,642.43H C C P1+ 2,081.27CHOLAMANDALAM DBS FINANCE P1+ 972.25Certificate of DepositsPUNJAB NATIONAL BANK PR1+ 39,907.87VIJAYA BANK PR1+ 29,965.16I D B I BANK P1+ 29,849.68ORIENTAL BANK OF COMMERCE P1+ 24,817.48I D B I A1+ 19,977.99ANDHRA BANK PR1+ 19,422.45YES BANK PR1+ 14,931.26ALLAHABAD BANK P1+ 13,554.21STATE BANK OF TRAVANCORE P1+ 7,929.62I D B I P1+ 5,124.77BANK OF MAHARASHTRA P1+ 4,996.41CENTRAL BANK OF INDIA PR1+ 3,303.40STATE BANK OF HYDERABAD A1+ 100.94Cash 'n' Call, Current Assets & Receivables 1,043.44
EquityR I L 2,910.19B H E L 2,092.28L & T 1,979.05TATA STEEL 1,833.17O N G C 1,746.09S B I 1,630.41G A I L 1,532.40INFOSYS TECHNOLOGIES 1,489.27M & M 1,190.06HOUSING DEVELOPMENT FINANCE CORPN 1,150.18TATA POWER 1,005.28STERLITE INDUSTRIES 994.06TATA MOTORS 914.41BANK OF BARODA 851.68AXIS BANK 850.19H D F C BANK 821.28IDFC 810.79RANBAXY LABORATORIES 768.45TATA CONSULTANCY SERVICES 757.28WIPRO 751.22H C L TECHNOLOGIES 695.68LUPIN 694.25SUN PHARMACEUTICALS 630.05H P C L 626.16SIEMENS 574.53
(Past Performance may or may not be Sustained in Future)
DEBT
I R F C AAA 1,060.02
I O C L AA+ 861.82
H U D C O AA 504.76
S A I L AAA(SO) 486.62
I C I C I BANK AAA 991.48
PUNJ LLOYD AA 1,209.46
JET AIRWAYS (JUS TRUST) AAA 236.69
SHRIRAM TRANSPORT FINANCE AA 10.24
R E C AAA 1,178.77
MAGMA FINCORP AA- 1,007.37
COMMERCIAL PAPER/ BANK DEPOSIT
Cash 'n' Call, Current Assets & Receivables 274.57
Holdings Rating Mkt. Value(Rs.Lakhs)
LICMF G-SEC FUNDAn Open-ended Gilt Scheme
PORTFOLIO (as on 31/12/2010)
DebtI O C L AA+ 615.58NATIONAL HOUDING BANK AAA 1,374.20Securitised DebtGSEC 7.80% 03/05/2020(SGF Rs..5 Cr). Sovereign 496.25
Certificate Of DepositI D B I P1+ 1,489.40ORIENTAL BANK OF COMMERCE P1+ 1,456.12ALLAHABAD BANK P1+ 1,395.29DENA BANK P1+ 1,343.64STATE BANK OF TRAVANCORE P1+ 1,003.10UNBI PR1+ 522.49ANDHRA BANK PR1+ 508.23
Cash 'n' Call, Current Assets & Receivables 239.67
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 10443.98
Last 1 year
Last 3 years 3.90%
Since inception (29.11.1999) 7.49%
Benchmark (I Sec Composite Gilt) Return
Last 1 year 6.02%
2.55%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
NAV (Rs.) as on 31/12/2010Reg.: 10.4102 Reg.Gr.: 22.3748;
PF-Div. 12.3371; PF-Gr. : 12.9016
Securities Rating Mkt. Value (Rs. Lakhs) DIVIDEND HISTORY
I D B I 551.91H L L 546.53CAIRN INDIA 531.92POWER FINANCE CORPORATION 464.85MUNDRA PORT & SEZ 359.13CIPLA 332.91UNION BANK OF INDIA 326.21BHARAT FORGE 289.78RELIANCE INFRASTRUCTURE 256.81I C I C I BANK 228.93S A I L 200.75JINDAL STEEL & POWER 196.13HINDALCO 186.96BIOCON 139.46SESA GOA 131.36INDIAN HOTELS 8.38MOIL LTD 4.79Total - Equity 34055.17Debt 0.00TOTAL - DEBT 0.00Bank Deposits Cash 'n' Call, Current Assets & Receivables 235.80
AA, AA-, A, PR1+(SO) & Others34.93%
AAA44.32%
AA11.02%
+
Money Market3.51%
AAA (SO) 6.22%
Money Mkt.0.69%
Equity99.31%
LICMF TOP 100A 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 (07/01/2008).
PORTFOLIO (as on 31/12/2010) PORTFOLIO (as on 31/12/2010)
RATINGS OFLICMF INCOME PLUS FUND
Rating: Credit Risk Rating mfA1+ by ICRAAA+(ind) by Fitch
ICRA reserves the right to suspend, withdraw or revise the above rating at any time on the basis of new information or unavailability of information of such circumstances, which ICRA believes, may have an impact on the aforesaid rating assigned.
All Fitch Credit Ratings are subject to certain Limitations and Disclaimers. Please read these Limitations and Disclaimers by following this link: http://fitchratings.com/understandingcreditratings
Holdings Mkt. Value (Rs. lakhs) Holdings Mkt. Value (Rs. lakhs)
TOTAL FUND (as on 31/12/2010) : Rs. 34290.98 Lakh
NAV (Rs.) as on 31/12/2010: Dividend: 8.9848; Growth: 8.9848
Expense Ratio (as on 31/12/2010) : 2.27%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Last 1 year
Since Inception -3.52%
Benchmark (CNX 100) Return - Last 1 year 17.91%
10.91%
MUTUAL INTEREST10 7MUTUAL INTEREST
LICMF SAVINGS PLUS FUND(An open-ended income scheme)
PORTFOLIO (as on 31 )/12/2010
Debt Instruments BHUSHAN POWER AND STEEL PR1 3,330.00MAGMA FINCORP AA 1,300.00Commercial PapersINDIABULLS FINANCIAL SERVICES P1+ 19,338.25CHOLAMANDALAM DBS FINANCE P1+ 18,352.95RELIGARE FINVEST P1+ 13,470.81JAIPRAKASH ASSOCIATES P1 11,808.89RELIANCE CONSUMER FINANCE P1+ 9,624.47ABG SHIPYARD P1+ 9,603.95H C C P1+ 5,105.34PATEL ENGINEERING P1+ 4,821.07MAGMA FINCORP P1+ 4,798.14
Certificate of DepositINDIAN BANK F1+ 2,510.07ORIENTAL BANK OF COMMERCE P1+ 1,797.30AXIS BANK P1+ 979.28
Cash 'n' Call, Current Assets & Receivables -1,846.69
TOTAL FUND (as on 31/12/2010) : Rs. 104993.82 Lakh
Last 1 yearLast 3 years 6.85%Since Inception 5.74%
Benchmark (C Fund ~LX) Return 5.11%
5.56%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
NAV (Rs.) as on 31/12/2010: Daily Dividend : 10.0000;Monthly Dividend: 10.0650; Weekly Dividend: 10.0162; Growth: 15.2629
LICMF CHILDREN’S FUNDAn Open-ended Balanced Scheme for Children
TOTAL FUND (as on 31/12/2010) : Rs. 614.25 Lakh
NAV (Rs.) as on 31/12/2010 : 11.0470
Last 1 year 3.98
Last 3 years -21.20%
Since inception (12/11/2001) 1.09%
Benchmark ) Return Last 1 year 13.21
%
(C BalanceEx %
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Expense Ratio (as on 31/12/2010) : 2.25%
PORTFOLIO (as on 31/12/2010)
EquityR I L 52.91M & M 38.88S A I L 27.38HINDALCO 24.60H D F C BANK 23.47VOLTAS 21.80TATA STEEL 20.37TATA MOTORS 19.59INDIAN HOTELS 19.32JINDAL STEEL & POWER 14.26AXIS BANK 13.50I F C I 13.46SESA GOA 13.14B H E L 11.62HERO HONDA MOTORS 9.93STERLITE INDUSTRIES 9.33CHAMBAL FERTILISERS & CHEMICALS 9.03GUJRAT NRE COKE 6.06DENA BANK 5.83MUNDRA PORT & SEZ 5.75G A C L 5.72L & T 3.96TATA CONSULTANCY SERVICES 2.33ALLAHABAD BANK 2.26TATA TEA 2.17ANDHRA BANK 1.51B P C L 0.79Total Equity 378.95DebtPUNJ LLOYD AA 94.01SHRIRAM TRANSPORT FINANCE AA 92.17Total Debt 186.19Commercial Paper/ Bank Deposits Cash 'n' Call, Current Assets & Receivables 49.12
Holdings Rating Mkt. Value (Rs. lakhs)
Money Mkt.8.00%
Debt 30.31%
. Equity61.69%
LICMF FLOATER MIPAn Open-ended income Scheme
PORTFOLIO (as on 31/12/2010)
EquityM & M 311.02H D F C BANK 305.05B H E L 278.97H P C L 234.81BANK OF BARODA 206.20TATA STEEL 169.74S B I 168.66R I L 158.74CIPLA 155.38TATA CONSULTANCY SERVICES 139.81CANARA BANK 132.08SIEMENS 123.11L & T 118.74BIOCON 116.22H C L TECHNOLOGIES 114.01HINDALCO 110.70RANBAXY LABORATORIES 104.76IDFC 100.21SESA GOA 82.10JUBILANT ORGANOSYS 60.01POWER TRADING CORPORATION 50.90CAIRN INDIA 33.25
Bond/DebentureI R F C AAA 1,435.45MUNDRA PORT & SEZ AA 480.98RELIANCE CAPITAL AAA 293.26DECCAN CHRONICLE AA 2,050.10PUNJ LLOYD AA 1,559.85SHRIRAM TRANSPORT FINANCE AA 1,287.67DEWAN HOUSING FINANCE AA+ 2,005.96MAGMA FINCORP AA 1,200.00MAGMA FINCORP AA- 993.70RELIANCE CAPITAL AAA 1,100.01
Commercial paper 0.00
Bank Deposits 0.00
Cash 'n' Call, Current Assets & Receivables 2,394.06
TOTAL FUND (as on 31 ) : Rs. Lakhs/12/2010 18075.49
DIVIDEND HISTORY
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
NAV (Rs.) as on 31/12/2010
Monthly Income : 9.9983; Yearly Income : 10.8630;
;Quarterly : 10.3320 Growth : 10.2350
Holdings Rating Mkt. Value (Rs. lakhs)
Expense Ratio (as on 31 ) : %/12/2010 1.16
Avg. Maturity (in ) :
Avg. Duration (in month) : 17.05
month 18.95
Last 1 year 8.38%Last 3 years 6.38%Since Inception 10.17%Benchmark (C MiPex) Return - last 1 year 6.91%
(Past Performance may or may not be Sustained in Future)
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).
TOTAL FUND (as on 31/12/2010) : Rs. 18549.60 Lakh
NAV (Rs.) as on 31/12/2010: Dividend: 10.1616; Growth: 10.1616
PORTFOLIO (as on 31/12/2010)
EquityR I L 1,788.44L & T 1,583.24B H E L 1,199.57HOUSING DEVELOPMENT FINANCE CORPN 1,094.51I C I C I BANK 1,087.42S B I 787.09G A I L 772.67O N G C 697.78TATA STEEL 645.00JINDAL STEEL & POWER 570.56H D F C BANK 539.11STERLITE INDUSTRIES 537.36M & M 520.96S A I L 409.83INDIAN HOTELS 386.88BHARTI AIRTEL 379.90IDEA CELLULAR 368.27TATA MOTORS 365.76INDIA CEMENTS 341.14JUBILANT ORGANOSYS 300.04I D B I 298.78HINDALCO 285.20A C C 255.12M U L 245.49HERO HONDA MOTORS 234.92KOTAK MAHINDRA BANK 212.89VOLTAS 201.25SESA GOA 187.19
Holdings Mkt. Value (Rs. lakhs)
PORTFOLIO (as on 31/12/2010)
Holdings Mkt. Value (Rs. Lakhs)
Expense Ratio (as on 31/12/2010) : 2.32%
Last 1 yearSince Inception 0.58%Benchmark (BSE 100) Return - Last 1 year 15.56%
8.35%
ANNUALISED RETURNS
BHARAT FORGE 178.29UNION BANK OF INDIA 173.75I O C L 148.62H P C L 145.58G A C L 143.05TATA POWER 136.57N M D C 124.97IRB INFRASTRUCTURE DEVELOPERS 123.80GUJRAT NRE COKE 107.51ANDHRA BANK 105.63B P C L 105.27POWER GRID CORPORATION OF INDIA 97.53IDFC 94.58RELIANCE INFRASTRUCTURE 84.20IVRCL INFRASTRUCTURES & PROJECTS 83.37NEYVELI LIGNITE CORPORATION 72.13JSW STEEL 58.81JAIPRAKSH ASSOCIATES 44.50GAMMON 6.53Total - Equity 18331.05Debt 0.00TOTAL - DEBT 0.00Bank Deposits 0.00
Cash 'n' Call, Current Assets & Receivables 218.56
Month Frequency Gross Div.(Rs/Unit)
Month Frequency Gross Div.(Rs/Unit)
Month Frequency Gross Div.(Rs/Unit)
MUTUAL INTEREST8 9MUTUAL INTEREST
LICMF FLOATING RATE FUND - STPAn Open-ended Income Fund
PORTFOLIO (as on 31 )/12/2010
TOTAL FUND (as on 31/12/2010) : Rs. 28915.38 Lakhs
LICMF INDIA VISION FUNDAn Open-ended Growth Scheme
TOTAL FUND (as on 31/12/2010) : Rs. 6754.12 Lakh
NAV (Rs.) as on 31/12/2010: Dividend: 9.9728; Growth: 9.9728
PORTFOLIO (as on 31/12/2010)
EquityTATA TEA 378.41R I L 370.39HOUSING DEVELOPMENT FINANCE CORPN 361.14RANBAXY LABORATORIES 359.19M & M 349.90H C L TECHNOLOGIES 319.24I D B I 313.03TATA STEEL 305.53O N G C 297.48L & T 296.86TATA CONSULTANCY SERVICES 291.26S B I 281.11B H E L 278.97INFOSYS TECHNOLOGIES 275.60I C I C I BANK 251.82JUBILANT ORGANOSYS 246.20HINDALCO 233.70POWER TRADING CORPORATION 222.69YES BANK 218.89H P C L 217.18
Holdings Mkt. Value (Rs. lakhs)
PORTFOLIO (as on 31/12/2010)
SUN PHARMACEUTICALS 145.40IDFC 136.65IRB INFRASTRUCTURE DEVELOPERS 111.55AXIS BANK 107.96SESA GOA 98.52COAL INDIA LIMITED 61.04
Total - Equity 6529.68Debt
TOTAL - DEBT 0.00Commercial Paper / Bank Deposits 0.00
Cash 'n' Call, Current Assets & Receivables 224.44
Holdings Mkt. Value (Rs. Lakhs)
Expense Ratio (as on 31/12/2010) : 2.50%
Last 1 year
Last 3 years -16.54%
Since Inception -0.07%
Benchmark (BSE 200) Return - Last 1 year 16.22%
15.30%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
NAV (Rs.) as on 31/12/2010: Dividend: 11.3238; Growth: 10.3238
PORTFOLIO (as on 31/12/2010)
EquityR I L 846.60TATA STEEL 611.06A C C 484.02TATA CONSULTANCY SERVICES 466.02L & T 435.39INFOSYS TECHNOLOGIES 413.40CIPLA 369.90G A I L 357.56M & M 311.02H D F C BANK 295.99B H E L 290.59S B I 281.11TATA MOTORS 274.32RANBAXY LABORATORIES 268.15HERO HONDA MOTORS 258.19HINDALCO 246.00STERLITE INDUSTRIES 240.45HOUSING DEVELOPMENT FINANCE CORPN 218.39BHARTI AIRTEL 197.12N T P C 183.35SESA GOA 164.20VOLTAS 155.43IDFC 154.87JINDAL STEEL & POWER 142.64TATA POWER 136.57
Holdings Mkt. Value (Rs. lakhs)
PORTFOLIO (as on 31/12/2010)
AXIS BANK 134.95INDIAN HOTELS 115.92NEYVELI LIGNITE CORPORATION 99.48S A I L 82.13MUNDRA PORT & SEZ 71.83G A C L 71.53GUJRAT NRE COKE 65.40COAL INDIA LIMITED 61.04DENA BANK 34.97TATA TEA 27.09ALLAHABAD BANK 6.78ANDHRA BANK 4.53TOTAL - EQUITY 8,577.96DebtTOTAL - DEBT 0.00Commercial Paper / Bank Deposits Cash 'n' Call, Current Assets & Receivables 59.27
Holdings Mkt. Value (Rs. Lakhs)
Expense Ratio (as on 31/12/2010) : 2.12%
Last 1 year
Last 3 years 3.00%
Since Inception 3.92%
Benchmark (C BalanceEx) Return - Last 1 year 13.21%
7.63%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
LICMF MONTHLY INCOME PLANAn Open-ended Monthly Income Scheme w.e.f. 01/06/2003
EQUITY PORTFOLIO (as on 31/12/2010)
DEBT PORTFOLIO (as on 31/12/2010)
Debt RURAL ELECTRIFICATION CORPORATION AAA 982.40MUNDRA PORT & SEZ AA 1,923.91PUNJ LLOYD AA 1,460.26SHRIRAM TRANSPORT FINANCE AA 1,268.23DECCAN CHRONICLE AA 307.50R E C AAA 838.95MAGMA FINCORP AA- 1,987.41RELIANCE CAPITAL AAA 1,000.01TOTAL - DEBT 9768.66Commercial Paper / Bank DepositsCash 'n' Call, Current Assets & Receivables 570.26
EquityB H E L 325.47STERLITE INDUSTRIES 303.64R I L 296.31S B I 224.88RANBAXY LABORATORIES 209.53WIPRO 196.10H P C L 176.11JUBILANT ORGANOSYS 175.98G A I L 127.70M & M 116.63TATA STEEL 101.84L & T 98.95IRB INFRASTRUCTURE DEVELOPERS 74.01UNION BANK OF INDIA 69.50CANARA BANK 66.04COAL INDIA LIMITED 45.32HOUSING DEVELOPMENT FINANCE CORPN 36.40TOTAL - EQUITY 2644.42
Holdings Rating Market Value(Rs. in Lakhs)
Holdings Rating Market Value(Rs. in Lakhs)
TOTAL FUND (as on 31/12/2010) : Rs. Lakh12983.33
NAV (Rs.) as on 31/12/2010Monthly Income : Yearly Income :Quarterly : 10.1447; Growth : 32.7911
LICMF INDIA VISION FUNDAn Open-ended Growth Scheme
TOTAL FUND (as on 31/12/2010) : Rs. 6754.12 Lakh
NAV (Rs.) as on 31/12/2010: Dividend: 9.5682; Growth: 9.5682
PORTFOLIO (as on 31/12/2010)
EquityTATA TEA 378.41R I L 370.39HOUSING DEVELOPMENT FINANCE CORPN 361.14RANBAXY LABORATORIES 359.19M & M 349.90H C L TECHNOLOGIES 319.24I D B I 313.03TATA STEEL 305.53O N G C 297.48L & T 296.86TATA CONSULTANCY SERVICES 291.26S B I 281.11B H E L 278.97INFOSYS TECHNOLOGIES 275.60I C I C I BANK 251.82JUBILANT ORGANOSYS 246.20HINDALCO 233.70POWER TRADING CORPORATION 222.69YES BANK 218.89H P C L 217.18
Holdings Mkt. Value (Rs. lakhs)
PORTFOLIO (as on 31/12/2010)
SUN PHARMACEUTICALS 145.40IDFC 136.65IRB INFRASTRUCTURE DEVELOPERS 111.55AXIS BANK 107.96SESA GOA 98.52COAL INDIA LIMITED 61.04
Total - Equity 6529.68Debt
TOTAL - DEBT 0.00Commercial Paper / Bank Deposits 0.00
Cash 'n' Call, Current Assets & Receivables 224.44
Holdings Mkt. Value (Rs. Lakhs)
Expense Ratio (as on 31/12/2010) : 2.50%
Last 1 year
Last 3 years -16.54%
Since Inception -0.07%
Benchmark (BSE 200) Return - Last 1 year 16.22%
15.30%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
NAV (Rs.) as on 31/12/2010: Dividend: 11.3238; Growth: 10.3238
PORTFOLIO (as on 31/12/2010)
EquityR I L 846.60TATA STEEL 611.06A C C 484.02TATA CONSULTANCY SERVICES 466.02L & T 435.39INFOSYS TECHNOLOGIES 413.40CIPLA 369.90G A I L 357.56M & M 311.02H D F C BANK 295.99B H E L 290.59S B I 281.11TATA MOTORS 274.32RANBAXY LABORATORIES 268.15HERO HONDA MOTORS 258.19HINDALCO 246.00STERLITE INDUSTRIES 240.45HOUSING DEVELOPMENT FINANCE CORPN 218.39BHARTI AIRTEL 197.12N T P C 183.35SESA GOA 164.20VOLTAS 155.43IDFC 154.87JINDAL STEEL & POWER 142.64TATA POWER 136.57
Holdings Mkt. Value (Rs. lakhs)
PORTFOLIO (as on 31/12/2010)
AXIS BANK 134.95INDIAN HOTELS 115.92NEYVELI LIGNITE CORPORATION 99.48S A I L 82.13MUNDRA PORT & SEZ 71.83G A C L 71.53GUJRAT NRE COKE 65.40COAL INDIA LIMITED 61.04DENA BANK 34.97TATA TEA 27.09ALLAHABAD BANK 6.78ANDHRA BANK 4.53TOTAL - EQUITY 8,577.96DebtTOTAL - DEBT 0.00Commercial Paper / Bank Deposits Cash 'n' Call, Current Assets & Receivables 59.27
Holdings Mkt. Value (Rs. Lakhs)
Expense Ratio (as on 31/12/2010) : 2.12%
Last 1 year
Last 3 years 3.00%
Since Inception 3.92%
Benchmark (C BalanceEx) Return - Last 1 year 13.21%
7.63%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
LICMF MONTHLY INCOME PLANAn Open-ended Monthly Income Scheme w.e.f. 01/06/2003
EQUITY PORTFOLIO (as on 31/12/2010)
DEBT PORTFOLIO (as on 31/12/2010)
Debt RURAL ELECTRIFICATION CORPORATION AAA 982.40MUNDRA PORT & SEZ AA 1,923.91PUNJ LLOYD AA 1,460.26SHRIRAM TRANSPORT FINANCE AA 1,268.23DECCAN CHRONICLE AA 307.50R E C AAA 838.95MAGMA FINCORP AA- 1,987.41RELIANCE CAPITAL AAA 1,000.01TOTAL - DEBT 9768.66Commercial Paper / Bank DepositsCash 'n' Call, Current Assets & Receivables 570.26
EquityB H E L 325.47STERLITE INDUSTRIES 303.64R I L 296.31S B I 224.88RANBAXY LABORATORIES 209.53WIPRO 196.10H P C L 176.11JUBILANT ORGANOSYS 175.98G A I L 127.70M & M 116.63TATA STEEL 101.84L & T 98.95IRB INFRASTRUCTURE DEVELOPERS 74.01UNION BANK OF INDIA 69.50CANARA BANK 66.04COAL INDIA LIMITED 45.32HOUSING DEVELOPMENT FINANCE CORPN 36.40TOTAL - EQUITY 2644.42
Holdings Rating Market Value(Rs. in Lakhs)
Holdings Rating Market Value(Rs. in Lakhs)
TOTAL FUND (as on 31/12/2010) : Rs. Lakh12983.33
NAV (Rs.) as on 31/12/2010Monthly Income : Yearly Income :Quarterly : 10.1447; Growth : 32.7911
NAV (Rs.) as on 31/12/2010: Daily Dividend : 10.0000;Monthly Dividend: 10.0650; Weekly Dividend: 10.0162; Growth: 15.2629
LICMF CHILDREN’S FUNDAn Open-ended Balanced Scheme for Children
TOTAL FUND (as on 31/12/2010) : Rs. 614.25 Lakh
NAV (Rs.) as on 31/12/2010 : 11.0470
Last 1 year 3.98
Last 3 years -21.20%
Since inception (12/11/2001) 1.09%
Benchmark ) Return Last 1 year 13.21
%
(C BalanceEx %
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Expense Ratio (as on 31/12/2010) : 2.25%
PORTFOLIO (as on 31/12/2010)
EquityR I L 52.91M & M 38.88S A I L 27.38HINDALCO 24.60H D F C BANK 23.47VOLTAS 21.80TATA STEEL 20.37TATA MOTORS 19.59INDIAN HOTELS 19.32JINDAL STEEL & POWER 14.26AXIS BANK 13.50I F C I 13.46SESA GOA 13.14B H E L 11.62HERO HONDA MOTORS 9.93STERLITE INDUSTRIES 9.33CHAMBAL FERTILISERS & CHEMICALS 9.03GUJRAT NRE COKE 6.06DENA BANK 5.83MUNDRA PORT & SEZ 5.75G A C L 5.72L & T 3.96TATA CONSULTANCY SERVICES 2.33ALLAHABAD BANK 2.26TATA TEA 2.17ANDHRA BANK 1.51B P C L 0.79Total Equity 378.95DebtPUNJ LLOYD AA 94.01SHRIRAM TRANSPORT FINANCE AA 92.17Total Debt 186.19Commercial Paper/ Bank Deposits Cash 'n' Call, Current Assets & Receivables 49.12
Holdings Rating Mkt. Value (Rs. lakhs)
Money Mkt.8.00%
Debt 30.31%
. Equity61.69%
LICMF FLOATER MIPAn Open-ended income Scheme
PORTFOLIO (as on 31/12/2010)
EquityM & M 311.02H D F C BANK 305.05B H E L 278.97H P C L 234.81BANK OF BARODA 206.20TATA STEEL 169.74S B I 168.66R I L 158.74CIPLA 155.38TATA CONSULTANCY SERVICES 139.81CANARA BANK 132.08SIEMENS 123.11L & T 118.74BIOCON 116.22H C L TECHNOLOGIES 114.01HINDALCO 110.70RANBAXY LABORATORIES 104.76IDFC 100.21SESA GOA 82.10JUBILANT ORGANOSYS 60.01POWER TRADING CORPORATION 50.90CAIRN INDIA 33.25
Bond/DebentureI R F C AAA 1,435.45MUNDRA PORT & SEZ AA 480.98RELIANCE CAPITAL AAA 293.26DECCAN CHRONICLE AA 2,050.10PUNJ LLOYD AA 1,559.85SHRIRAM TRANSPORT FINANCE AA 1,287.67DEWAN HOUSING FINANCE AA+ 2,005.96MAGMA FINCORP AA 1,200.00MAGMA FINCORP AA- 993.70RELIANCE CAPITAL AAA 1,100.01
Commercial paper 0.00
Bank Deposits 0.00
Cash 'n' Call, Current Assets & Receivables 2,394.06
TOTAL FUND (as on 31 ) : Rs. Lakhs/12/2010 18075.49
DIVIDEND HISTORY
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
NAV (Rs.) as on 31/12/2010
Monthly Income : 9.9983; Yearly Income : 10.8630;
;Quarterly : 10.3320 Growth : 10.2350
Holdings Rating Mkt. Value (Rs. lakhs)
Expense Ratio (as on 31 ) : %/12/2010 1.16
Avg. Maturity (in ) :
Avg. Duration (in month) : 17.05
month 18.95
Last 1 year 8.38%Last 3 years 6.38%Since Inception 10.17%Benchmark (C MiPex) Return - last 1 year 6.91%
(Past Performance may or may not be Sustained in Future)
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).
TOTAL FUND (as on 31/12/2010) : Rs. 18549.60 Lakh
NAV (Rs.) as on 31/12/2010: Dividend: 10.1616; Growth: 10.1616
PORTFOLIO (as on 31/12/2010)
EquityR I L 1,788.44L & T 1,583.24B H E L 1,199.57HOUSING DEVELOPMENT FINANCE CORPN 1,094.51I C I C I BANK 1,087.42S B I 787.09G A I L 772.67O N G C 697.78TATA STEEL 645.00JINDAL STEEL & POWER 570.56H D F C BANK 539.11STERLITE INDUSTRIES 537.36M & M 520.96S A I L 409.83INDIAN HOTELS 386.88BHARTI AIRTEL 379.90IDEA CELLULAR 368.27TATA MOTORS 365.76INDIA CEMENTS 341.14JUBILANT ORGANOSYS 300.04I D B I 298.78HINDALCO 285.20A C C 255.12M U L 245.49HERO HONDA MOTORS 234.92KOTAK MAHINDRA BANK 212.89VOLTAS 201.25SESA GOA 187.19
Holdings Mkt. Value (Rs. lakhs)
PORTFOLIO (as on 31/12/2010)
Holdings Mkt. Value (Rs. Lakhs)
Expense Ratio (as on 31/12/2010) : 2.32%
Last 1 yearSince Inception 0.58%Benchmark (BSE 100) Return - Last 1 year 15.56%
8.35%
ANNUALISED RETURNS
BHARAT FORGE 178.29UNION BANK OF INDIA 173.75I O C L 148.62H P C L 145.58G A C L 143.05TATA POWER 136.57N M D C 124.97IRB INFRASTRUCTURE DEVELOPERS 123.80GUJRAT NRE COKE 107.51ANDHRA BANK 105.63B P C L 105.27POWER GRID CORPORATION OF INDIA 97.53IDFC 94.58RELIANCE INFRASTRUCTURE 84.20IVRCL INFRASTRUCTURES & PROJECTS 83.37NEYVELI LIGNITE CORPORATION 72.13JSW STEEL 58.81JAIPRAKSH ASSOCIATES 44.50GAMMON 6.53Total - Equity 18331.05Debt 0.00TOTAL - DEBT 0.00Bank Deposits 0.00
Cash 'n' Call, Current Assets & Receivables 218.56
Month Frequency Gross Div.(Rs/Unit)
Month Frequency Gross Div.(Rs/Unit)
Month Frequency Gross Div.(Rs/Unit)
MUTUAL INTEREST6 11MUTUAL INTEREST
PORTFOLIO (as on 31/12/2010)
TOTAL FUND (as on 31 ) : Rs. 420221.89 Lakh/12/2010
Bonds / DebenturesS A I L AAA(SO) 20.28TRAPTI TRADING & INVESTMENT A1+ 19,970.00TGS INVESTMENT & TRADE A1+ 16,100.00JSW STEEL PR1+ 12,000.00JSW ENERGY PR1+ 9,878.80MAGMA FINCORP AA 4,500.00BHUSHAN POWER AND STEEL PR1 1,140.00ARCH PHARMALABS PR1+ 1,000.00CORE PROJECTS & TECHNOLOGIES A1 35.00Commercial PapersBHARAT HOTELS P1+ 2,970.02JAIPRAKASH ASSOCIATES P1 34,986.41INDIABULLS FINANCIAL SERVICES P1+ 27,935.21KEC INTERNATIONAL P1 10,493.61RELIGARE SECURITIES P1+ 9,903.53BOMBAY RAYON FASHIONS P1 9,806.64MERCATOR LINES P1+ 9,605.30RELIANCE MEDIA WORKS P1 7,102.64FUTURE CAPITAL HOLDINGS P1+ 6,440.75TANTIA CONSTRUCTIONS P1 4,813.46RELIGARE FINVEST P1+ 4,159.64PATEL ENGINEERING P1+ 3,803.54TELEVISION EIGHTEEN P1+ 2,936.41SP FABRICATORS P1 2,642.43H C C P1+ 2,081.27CHOLAMANDALAM DBS FINANCE P1+ 972.25Certificate of DepositsPUNJAB NATIONAL BANK PR1+ 39,907.87VIJAYA BANK PR1+ 29,965.16I D B I BANK P1+ 29,849.68ORIENTAL BANK OF COMMERCE P1+ 24,817.48I D B I A1+ 19,977.99ANDHRA BANK PR1+ 19,422.45YES BANK PR1+ 14,931.26ALLAHABAD BANK P1+ 13,554.21STATE BANK OF TRAVANCORE P1+ 7,929.62I D B I P1+ 5,124.77BANK OF MAHARASHTRA P1+ 4,996.41CENTRAL BANK OF INDIA PR1+ 3,303.40STATE BANK OF HYDERABAD A1+ 100.94Cash 'n' Call, Current Assets & Receivables 1,043.44
EquityR I L 2,910.19B H E L 2,092.28L & T 1,979.05TATA STEEL 1,833.17O N G C 1,746.09S B I 1,630.41G A I L 1,532.40INFOSYS TECHNOLOGIES 1,489.27M & M 1,190.06HOUSING DEVELOPMENT FINANCE CORPN 1,150.18TATA POWER 1,005.28STERLITE INDUSTRIES 994.06TATA MOTORS 914.41BANK OF BARODA 851.68AXIS BANK 850.19H D F C BANK 821.28IDFC 810.79RANBAXY LABORATORIES 768.45TATA CONSULTANCY SERVICES 757.28WIPRO 751.22H C L TECHNOLOGIES 695.68LUPIN 694.25SUN PHARMACEUTICALS 630.05H P C L 626.16SIEMENS 574.53
(Past Performance may or may not be Sustained in Future)
DEBT
I R F C AAA 1,060.02
I O C L AA+ 861.82
H U D C O AA 504.76
S A I L AAA(SO) 486.62
I C I C I BANK AAA 991.48
PUNJ LLOYD AA 1,209.46
JET AIRWAYS (JUS TRUST) AAA 236.69
SHRIRAM TRANSPORT FINANCE AA 10.24
R E C AAA 1,178.77
MAGMA FINCORP AA- 1,007.37
COMMERCIAL PAPER/ BANK DEPOSIT
Cash 'n' Call, Current Assets & Receivables 274.57
Holdings Rating Mkt. Value(Rs.Lakhs)
LICMF G-SEC FUNDAn Open-ended Gilt Scheme
PORTFOLIO (as on 31/12/2010)
DebtI O C L AA+ 615.58NATIONAL HOUDING BANK AAA 1,374.20Securitised DebtGSEC 7.80% 03/05/2020(SGF Rs..5 Cr). Sovereign 496.25
Certificate Of DepositI D B I P1+ 1,489.40ORIENTAL BANK OF COMMERCE P1+ 1,456.12ALLAHABAD BANK P1+ 1,395.29DENA BANK P1+ 1,343.64STATE BANK OF TRAVANCORE P1+ 1,003.10UNBI PR1+ 522.49ANDHRA BANK PR1+ 508.23
Cash 'n' Call, Current Assets & Receivables 239.67
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 10443.98
Last 1 year
Last 3 years 3.90%
Since inception (29.11.1999) 7.49%
Benchmark (I Sec Composite Gilt) Return
Last 1 year 6.02%
2.55%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
NAV (Rs.) as on 31/12/2010Reg.: 10.4102 Reg.Gr.: 22.3748;
PF-Div. 12.3371; PF-Gr. : 12.9016
Securities Rating Mkt. Value (Rs. Lakhs) DIVIDEND HISTORY
I D B I 551.91H L L 546.53CAIRN INDIA 531.92POWER FINANCE CORPORATION 464.85MUNDRA PORT & SEZ 359.13CIPLA 332.91UNION BANK OF INDIA 326.21BHARAT FORGE 289.78RELIANCE INFRASTRUCTURE 256.81I C I C I BANK 228.93S A I L 200.75JINDAL STEEL & POWER 196.13HINDALCO 186.96BIOCON 139.46SESA GOA 131.36INDIAN HOTELS 8.38MOIL LTD 4.79Total - Equity 34055.17Debt 0.00TOTAL - DEBT 0.00Bank Deposits Cash 'n' Call, Current Assets & Receivables 235.80
AA, AA-, A, PR1+(SO) & Others34.93%
AAA44.32%
AA11.02%
+
Money Market3.51%
AAA (SO) 6.22%
Money Mkt.0.69%
Equity99.31%
LICMF TOP 100A 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 (07/01/2008).
PORTFOLIO (as on 31/12/2010) PORTFOLIO (as on 31/12/2010)
RATINGS OF LICMF SCHEMES
Rating: Credit Risk Rating mfA1+ by ICRAAA+(ind) by Fitch
ICRA reserves the right to suspend, withdraw or revise the above rating at any time on the basis of information or unavailability of information of such circumstances, which ICRA believes, may have an impact on the aforesaid rating assigned.
All Fitch Credit Ratings are subject to certain Limitations and Disclaimers. Please read these Limitations and Disclaimers by following this link: http://fitchratings.com/understandingcreditratings
Holdings Mkt. Value (Rs. lakhs) Holdings Mkt. Value (Rs. lakhs)
TOTAL FUND (as on 31/12/2010) : Rs. 34290.98 Lakh
NAV (Rs.) as on 31/12/2010: Dividend: 8.9848; Growth: 8.9848
Expense Ratio (as on 31/12/2010) : 2.27%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Last 1 year
Since Inception -3.52%
Benchmark (CNX 100) Return - Last 1 year 17.91%
10.91%
MUTUAL INTEREST12 5MUTUAL INTEREST
LICMF LIQUID FUNDAn Open-ended Liquid Scheme
PORTFOLIO (as on 31/12/2010)
Bonds / Debentures
JSW STEEL PR1+ 59,782.62
BHUSHAN POWER AND STEEL PR1 41,200.00
ALOK INDUSTRIES PR1+ 30,000.00
BHUSHAN STEEL PR1 9,958.38
GRABAL ALOK IMPEX PR1 5,000.00
ARCH PHARMALABS A1 2,500.00
CORE PROJECTS & TECHNOLOGIES A1 1,620.50
TRAPTI TRADING & INVESTMENT A1+ 1,070.00
Commercial Paper
RELIGARE FINVEST P1+ 9,560.09
FUTURE CAPITAL HOLDINGS P1+ 789.48
Certificate Of Deposit
PUNJAB NATIONAL BANK PR1+ 79,957.89
ORIENTAL BANK OF COMMERCE P1+ 50,121.97
CANARA BANK P1+ 49,973.39
BANK OF MAHARASHTRA P1+ 29,951.11
ANDHRA BANK PR1+ 29,889.93
UNBI PR1+ 25,214.00
BANK OF INDIA P1+ 19,984.60
VIJAYA BANK PR1+ 19,976.78
INDIAN BANK F1+ 17,474.54
DENA BANK P1+ 13,585.72
I D B I A1+ 9,987.70
UCO BANK P1+ 9,982.55
I D B I P1+ 3,303.62
STATE BANK OF TRAVANCORE P1+ 67.40
Last 1 yearLast 3 year 6.88%Since Inception (18.03.2002) 6.63%Benchmark (C) Fund ~LX) Return (Last 1 year) 5.11
5.38%
%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Holdings Rating Mkt. Value (Rs. lakhs)
PORTFOLIO (as on 31/12/2010)
Holdings Rating Mkt. Value (Rs. lakhs)
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 520897.77
NAV (Rs.) as on 31/12/2010: Dividend: 10.9801; Growth: 17.5970
EquityR I L 380.97INFOSYS TECHNOLOGIES 344.50I C I C I BANK 296.46S B I 224.88HOUSING DEVELOPMENT FINANCE CORPN 218.39L & T 195.93TATA STEEL 190.11B H E L 171.01H D F C BANK 170.12O N G C 155.21I T C 139.60TATA MOTORS 130.63HINDALCO 123.00M & M 120.52TATA CONSULTANCY SERVICES 116.51INDIAN HOTELS 108.19BHARTI AIRTEL 107.52G A I L 102.16M U L 90.82SESA GOA 85.38N M D C 83.31S A I L 81.17STERLITE INDUSTRIES 79.31DR REDDYS LABORATORIES 74.81JINDAL STEEL & POWER 63.68POWER TRADING CORPORATION 63.63WIPRO 63.32I O C L 60.03RANBAXY LABORATORIES 59.87POWER GRID CORPORATION OF INDIA 58.92G A C L 53.99A C C 53.78AXIS BANK 53.72H C L TECHNOLOGIES 45.61KOTAK MAHINDRA BANK 45.25CIPLA 40.69
An Open-ended Equity Scheme
PORTFOLIO (as on 31/12/2010) PORTFOLIO (as on 31/12/2010)
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 10579.36
NAV (Rs.) as on 31/12/2010: Dividend: 11.4585; Growth: 29.0767
Expense Ratio (as on 31 ) : %/12/2010 1.67
Holdings Mkt. Value(Rs. Lakh)
Holdings Mkt. Value(Rs. Lakh)
Equity R I L 939.20INFOSYS TECHNOLOGIES 689.00I C I C I BANK 572.33B H E L 453.33H D F C BANK 448.93HOUSING DEVELOPMENT FINANCE CORPN 440.78L & T 425.50I T C 382.49TATA CONSULTANCY SERVICES 349.52S B I 337.33O N G C 318.56KOTAK MAHINDRA BANK 316.72TATA STEEL 271.58AXIS BANK 270.36M & M 225.49RELIANCE INFRASTRUCTURE 213.04HINDALCO 188.89STERLITE INDUSTRIES 186.60JUBILANT ORGANOSYS 177.10G A I L 176.73WIPRO 169.95SESA GOA 164.20VOLTAS 162.82M U L 148.17TATA MOTORS 146.17BHARTI AIRTEL 143.36CIPLA 140.56HERO HONDA MOTORS 139.03INDIAN HOTELS 135.63S A I L 135.05I F C I 134.60RANBAXY LABORATORIES 119.73H C L TECHNOLOGIES 111.78DR REDDYS LABORATORIES 108.07I O C L 102.90VIDEOCON INDUSTRIES 91.67N T P C 86.24G A C L 78.68ANDHRA BANK 75.45POWER GRID CORPORATION OF INDIA 73.42UNION BANK OF INDIA 69.50N M D C 68.86PUNJAB NATIONAL BANK 61.09I D B I 57.66COAL INDIA LIMITED 53.41JAIPRAKSH ASSOCIATES 42.36BHARAT FORGE 40.56SIEMENS 40.29JINDAL STEEL & POWER 35.66
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Last 1 year 15.98%Last 3 years -5.72%Since Inception 10.51%Benchmark (Sensex) Return Last 1 year 17.43%
BHARAT FORGE 37.88B P C L 31.95COAL INDIA LIMITED 30.53ANDHRA BANK 28.67JUBILANT ORGANOSYS 28.51INDIA CEMENTS 27.99PUNJAB NATIONAL BANK 24.44BANK OF BARODA 17.93ALLAHABAD BANK 11.29JAIPRAKSH ASSOCIATES 5.30Total - Equity 4697.46Debt 0.00Total - Debt 0.00Bank DepositsCash 'n' Call, Current Assets & Receivables 220.88
YES BANK 31.27H P C L 27.39TATA POWER 27.31CHAMBAL FERTILISERS & CHEMICALS 22.58B P C L 19.74ULTRA TECH CEMCO 15.44GUJRAT NRE COKE 11.77IRB INFRASTRUCTURE DEVELOPERS 5.04N H P C 4.79MOIL LTD 3.59NDTV 3.00DLF 2.92Total - Equity 10495.17Debt Total Debt Bank DepositsCash 'n' Call, Current Assets & Receivables 84.19
Money Mkt.0.80%
Equity99.20%
MUTUAL INTEREST4 13MUTUAL INTEREST
LICMF INDEX FUNDAn Open-ended Index Linked Equity Scheme
EquityR I L 665.77INFOSYS TECHNOLOGIES 616.77I C I C I BANK 488.48L & T 391.87HOUSING DEVELOPMENT FINANCE CORPN 350.42I T C 342.87H D F C BANK 309.55S B I 269.41TATA CONSULTANCY SERVICES 220.42BHARTI AIRTEL 162.83TATA MOTORS 162.30O N G C 161.24TATA STEEL 153.86B H E L 136.26AXIS BANK 128.48M & M 127.96H L L 121.51HINDALCO 119.21STERLITE INDUSTRIES 109.86JINDAL STEEL & POWER 102.39N T P C 95.53WIPRO 92.31G A I L 85.24TATA POWER 82.17BAJAJ AUTO 77.46DR REDDYS LABORATORIES 77.41IDFC 72.16HERO HONDA MOTORS 70.60M U L 70.14CIPLA 69.77SUN PHARMACEUTICALS 67.42PUNJAB NATIONAL BANK 60.71KOTAK MAHINDRA BANK 58.89CAIRN INDIA 53.38POWER GRID CORPORATION OF INDIA 51.96SESA GOA 46.75SIEMENS 45.81JAIPRAKSH ASSOCIATES 45.22RELIANCE INFRASTRUCTURE 43.91G A C L 43.27A C C 40.64H C L TECHNOLOGIES 40.11S A I L 39.80DLF 39.28RELIANCE COMMUNICATION 35.68RANBAXY LABORATORIES 33.64RELIANCE POWER LTD 31.94B P C L 31.70RELIANCE CAPITAL 28.26SUZLON ENERGY 15.04Total Equity 6787.66Cash 'n' Call, Current Assets & Receivables 51.22
NIFTY PLAN - PORTFOLIO (as on 31 )/12/2010
TOTAL FUND (as on 31/12/2010) : Rs. 6838.88 Lakh
NAV (Rs.) as on 31/12/2010: Dividend: 12.4891; Growth: 33.8574
Last 6 months 32.96%Last 1 year 18.23%Last 3 years -2.48%Since Inception 16.28%Benchmark NSE - Nifty Return (Last 6 months) 33.03%Benchmark NSE - Nifty Return (Last 1 year) 17.95%
ANNUALISED RETURNS
Equity R I L 345.41INFOSYS TECHNOLOGIES 304.78I C I C I BANK 238.19L & T 196.42HOUSING DEVELOPMENT FINANCE CORPN 173.34I T C 170.70H D F C BANK 157.57S B I 145.64TATA CONSULTANCY SERVICES 124.14O N G C 100.43BHARTI AIRTEL 86.31TATA MOTORS 80.43TATA STEEL 77.88B H E L 72.37M & M 63.14H L L 61.69N T P C 60.05HINDALCO 59.91STERLITE INDUSTRIES 56.75WIPRO 54.52
SENSEX PLAN PORTFOLIO (as on 31/12/2010)
Holdings Mkt. Value (Rs. lakhs)
SENSEX PLAN PORTFOLIO (as on 31/12/2010)
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 2990.32
NAV (Rs.) as on 31/12/2010: Dividend: 13.1244; Growth: 38.3032
Expense Ratio (as on 31 ) : 1.01%/12/2010
Last 6 months 34.10%Last 1 years 18.02%Last 3 years -1.55%Since Inception 18.07%Benchmark BSE - Sensex Return (Last 6 months) 33.92%Benchmark BSE - Sensex Return (Last 1 years) 17.43%
(Past Performance may or may not be Sustained in Future)
(Past Performance may or may not be Sustained in Future)
Holdings Mkt. Value (Rs. lakhs)
Holdings Mkt. Value (Rs. lakhs)
TOTAL FUND (as on 31/12/2010) : Rs. 490.73 Lakh
NAV (Rs.) as on 31/12/2010: Dividend: 12.6609; Growth: 35.7866
Expense Ratio (as on 31/12/2010) : 1.50%
Last 1 yearLast 3 years -2.73%Since Inception 17.09%Benchmark BSE - Sensex Return (Last 1 year) 17.43
15.98%
%
ANNUALISED RETURNS
DIVIDEND HISTORY
(Past Performance may or may not be Sustained in Future)
Holdings Mkt. Value (Rs. lakhs)EqutiyR I L 51.19INFOSYS TECHNOLOGIES 45.16I C I C I BANK 35.30L & T 29.11HOUSING DEVELOPMENT FINANCE CORPN 25.70I T C 25.30H D F C BANK 23.35S B I 21.59TATA CONSULTANCY SERVICES 18.40O N G C 14.90SESA GOA 14.78BHARTI AIRTEL 12.80TATA MOTORS 11.93TATA STEEL 11.55B H E L 10.72M & M 9.36H L L 9.14N T P C 8.91HINDALCO 8.88STERLITE INDUSTRIES 8.41WIPRO 8.08JINDAL STEEL & POWER 8.07TATA POWER 6.08BAJAJ AUTO 5.98M U L 5.51HERO HONDA MOTORS 5.30CIPLA 5.19G A C L 4.29DLF 3.33JAIPRAKSH ASSOCIATES 3.32RELIANCE INFRASTRUCTURE 3.31RELIANCE COMMUNICATION 2.81IDEA CELLULAR 1.74NDTV 1.39
Total Equity 460.86Cash 'n' Call, Current Assets & Receivables 29.86
JINDAL STEEL & POWER 54.45TATA POWER 41.00BAJAJ AUTO 40.34M U L 37.09HERO HONDA MOTORS 35.81CIPLA 34.99DLF 22.47JAIPRAKSH ASSOCIATES 22.43RELIANCE INFRASTRUCTURE 22.36RELIANCE COMMUNICATION 18.98Total Equity 2959.59Cash 'n' Call, Current Assets & Receivables 30.73
Market Review
DEBT MARKET REVIEW
Liquidity remained under pressure owing to continued bond issuance and inadequate government spending. Tight monetary condition, as evident by Banks borrowing around Rs. 1,17,700 crore under repo-LAF on a daily average basis for the month, lead to hardening of money market rates. However, extension of cash support measures announced by the central bank on 29th November helped ease the tight cash conditions and cool off inter-bank call money rates to some extent.
RBI's Liquidity Support measures:
lConduct Second Liquidity Adjustment Facility (SLAF) on a daily basis at 4.15 p.m. up to January 28, 2011.
lAllows Scheduled Commercial Banks to avail of additional liquidity support under the Liquidity Adjustment Facility (LAF) to the extent of up to 2.0 per cent of their net demand and time liabilities (NDTL) as on the reporting Friday of the second preceding fortnight.
The weighted average rate as on 30th November in the call money market was 6.59 per cent and that in the CBLO market was 6.24 per cent.
The Headline inflation eased to its lowest in 10 months rising 8.58 percent in October, slowing form 8.62 percent in September. India's food inflation eased for the fifth consecutive week on improved supply and lower vegetable prices. The food inflation index rose 10.30 percent, compared with 12.30 percent in the previous month.
The yield on 7.80% 2020 bond ended at 8.07 percent, 3 basis point lower than previous month's close. Sentiment remained jittery on supply worries amid tight liquidity condition. On corporate Bond front, the spread between AAA 5-year corporate bond and Government bond was 53.73 bps (yield=8.65 percent) as against 59.11 bps (yield =8.61 percent) of previous month end. In the ten-year fixing, the spread was 47.020 bps (yield-8.82 percent) compared to 47.19 bps (yield -8.80 percent) corresponding month. Series of liquidity tightening measures adopted by RBI amid continued issuance of G-sec papers has lead to narrowing of spreads between G-sec and corporate bonds.
Outlook:
We expect pressure on the liquidity to continue with the lined up Public Issues as well as the Advance tax outflows of around 45000 to 50000 crores in the coming month. MOIL equity issue, which oversubscribed 59 times, also lead to an outflow of approximately 70,000 crs from the system.
However liquidity may ease slightly against the likely Government spending (supplementary grants approved by Parliament), and also with MOIL money coming back in to the system. Further, RBI is monitoring and taking steps to ease liquidity without creating inflationary expectations.
EQUITY MARKET REVIEW
The month of November was stormy for the Indian Equity Market. The benchmarks Sensex and Nifty closed on record high of 21004.96 and 6312.45 levels respectively on 5th November 2010 (muhurat trading session) before sliding steeply by 511.09 points and 155 points or by around 2.5%. The Sensex and Nifty closed at 19521.25 and 5862.70 respectively on the last trading day of November.
Dalal Street witnessed a festive boost in the first week of November. The market surged on stimulus package to US economy, robust corporate earnings and on sustained buying by foreign funds. The second week onwards the market sentiments subdued on the back of weak world markets and poor results of some large cap companies like State Bank of India, ICICI bank, Bharti Airtel, DLF, cipla etc. The BSE Sensex slumped 848.07 points or 4.04% to 20,156.89 and the S&P CNX Nifty tumbled 240.8 points or 3.81% to 6,071.65. The third week saw the sell-off across the global markets on concerns over Ireland's debt and on fears of further monetary tightening in China. Worries that US funds will close positions in
emerging market stocks ahead of the year-end to cash in on recent gains, also added to the decline. In third week, the BSE Sensex declined 571.45 points or 2.84% to 19,585.44 and the S&P CNX Nifty fell 181.35 points or 2.98% to 5,890.30.
The bursting of a bribery scandal by the Central Bureau of Investigation involving some PSU banks and financial institutions leading to arrest of 8 top officials shocked the market. Along with this the scandal of issuance of telecom licenses at low prices also came up. The BSE Sensex slumped 448.83 points or 2.29% in this week to settle at 19,136.61, its lowest closing level since 9 September 2010. The S&P CNX Nifty fell 138.35 points or 2.34% to 5751.95, its lowest closing level since 9 September 2010.
The BSE-Realty index fell down by 19.52%. India's largest realty player by sales DLF lost 6.51%, HDIL (down 22.49%), Indiabulls Real Estate (down 21.85%), Orbit Corporation (down 28.9%), Unitech (down 11.69%), and DB Realty (down 44.11%). Jaiprakash Associates tumbled 12.24%. The Money Matters Financial Services who was arranger for the loans in this scam fell down by 44.22% where as LIC Housing Finance slipped by 27.97%.
The other indices on BSE that slid were BSEOIL (-8.10%), BSEMET (-6.33%), BSEPSU (-8.37%) etc.
Primary Markets:
The government plans to raise $8.6 billion through stake sales in the fiscal year that ends in March 2011. The market is positively responding to the issues. In October, Coal India's record $3.4 billion initial public offering was about 15 times subscribed, while Power Grid Corp's $1.7 billion share sale was nearly 15 times covered. Manganese Ore India Ltd's (MOIL) up to $276 million initial public offering, the third share sale by the federal government in 2010, was 56 times subscribed on its final day, signaling continued robust demand for state-run issues.
The government's divestment pipeline has on the block Hindustan Copper's up to $1.6 billion stake sale of 18 percent, SAIL's 10 percent for up to $1.9 billion, IOC's FPO for 20 percent stake sale expected to garner $4.5 billion and ONGC's 5 percent for up to $3.2 billion. All of these stake sales are expected to hit the market in March 2011.
FII activities:
Mirroring their faith in the Indian economy, overseas funds have infused a staggering `21210.70 crore in the capital market in November, taking the year-to-date total to ` 176459.91 crore. According to data available with Sebi, FIIs have made investments worth `18293.10 crore in equities and poured `2917.60 crore into the debt market.
Out of the net investment of ` 18293.10 crore in Equities in November, the inflow in the 'Primary markets & others' is `8500.20 crore.
Domestic Trend:
The domestic Mutual funds were the net sellers in the equity market to the extent of ̀ 100 crore as against ̀ 5800.80 crore in the month of October 2010.
Macro Economy:
lIndia's economy grew faster-than-expected at 8.9% in the September quarter YoY. The Finance Minister is expecting a growth at 8.5 to 8.75 % in this fiscal year that ends in March 2011.
lWholesale price inflation eased to 8.58% in October from 8.62% a month earlier where as the Consumer price inflation eased to an annual 9.7% in October from 9.82% the previous month.
lIt is expected that the interest rate to remain stable in the next review in December.
Outlook:
In the mist of scandals, the capital markets can move ahead on the basis of positive domestic data. The focus now will be on the quarterly policy review meeting of Reserve Bank Of India on 16th December 2010. The outlook for the equity markets in the long term seems to positive.
MUTUAL INTEREST14 3MUTUAL INTEREST
SNAPSHOT
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.
LICMF GROWTH FUNDAn Open-ended SchemeGrowth
PORTFOLIO (as on 31/12/2010) PORTFOLIO (as on 31/12/2010)
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 11237.96
Expense Ratio (as on 31 ) : %/12/2010 1.61
Last 1 year 17.48%Last 3 year -2.69%Since Inception 10.05%Benchmark (Sensex) Return - last 1 year 17.43%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Holdings Mkt. Value(Rs. Lakh)
Holdings Mkt. Value(Rs. Lakh)
EquityR I L 698.45INFOSYS TECHNOLOGIES 607.94S B I 492.86H D F C BANK 460.38I C I C I BANK 457.86L & T 445.29I T C 401.35M & M 383.72S A I L 339.68O N G C 303.95TATA STEEL 296.01B H E L 284.74G A I L 274.96HOUSING DEVELOPMENT FINANCE CORPN 272.98HINDALCO 260.76INDIAN HOTELS 254.06STERLITE INDUSTRIES 233.25TATA CONSULTANCY SERVICES 233.01AXIS BANK 215.92TATA MOTORS 215.54WIPRO 187.93HERO HONDA MOTORS 168.82SESA GOA 164.20VOLTAS 158.07M U L 149.16DR REDDYS LABORATORIES 141.32CIPLA 140.56IDFC 136.65JINDAL STEEL & POWER 135.51I D B I 126.94RANBAXY LABORATORIES 119.73JUBILANT ORGANOSYS 117.09BHARTI AIRTEL 107.52ANDHRA BANK 98.09KOTAK MAHINDRA BANK 95.01H C L TECHNOLOGIES 91.21NEYVELI LIGNITE CORPORATION 90.34BALARAMPUR CHINI MILLS 88.00UNION BANK OF INDIA 86.88INDIA CEMENTS 84.60B E M L 82.64N M D C 79.23G A C L 78.68IVRCL INFRASTRUCTURES & PROJECTS 77.25BHARAT FORGE 75.76COAL INDIA LIMITED 61.04JSW STEEL 58.81SIEMENS 55.94MADRAS CEMENT 52.16PUNJAB NATIONAL BANK 50.94B P C L 33.27N T P C 32.15YES BANK 31.27GUJRAT NRE COKE 29.08TATA POWER 27.31CHAMBAL FERTILISERS & CHEMICALS 22.58
LICMF TAX PLANAn Open-ended ELSS
PORTFOLIO (as on 31/12/2010)
DIVIDEND HISTORY
Month Dividend (Rs./Unit)
Mar-04 2.00
Mar-05 3.00
Aug-05 1.00
Mar-06 2.00
Oct-06 2.50
May-07 1.00
Oct-07 1.50
TOTAL FUND (as on 31 ) : Rs. Lakh/12/2010 4276.09
Expense Ratio (as on 31 ) : 2.14%/12/2010
(Past Performance may or may not be Sustained in Future)
PORTFOLIO (as on 31/12/2010)
Holdings Mkt. Value %
(Rs. Lakh) ContributionEquityR I L 296.31INFOSYS TECHNOLOGIES 241.15S B I 216.45I C I C I BANK 200.31H D F C BANK 197.72TATA STEEL 187.39TATA CONSULTANCY SERVICES 186.41B H E L 151.11HOUSING DEVELOPMENT FINANCE CORPN 145.59I T C 137.73L & T 137.54JINDAL STEEL & POWER 114.11S A I L 109.91BHARTI AIRTEL 107.52M & M 101.08HINDALCO 92.25VOLTAS 82.49SESA GOA 82.10KOTAK MAHINDRA BANK 77.18G A I L 73.65O N G C 69.48INDIAN HOTELS 67.62AXIS BANK 57.02STERLITE INDUSTRIES 55.05TATA MOTORS 52.25DR REDDYS LABORATORIES 49.88CONCOR 49.83G A C L 48.64M U L 42.16N M D C 41.66M R F 41.59WIPRO 39.22BHARAT FORGE 37.88PUNJAB NATIONAL BANK 37.00I O C L 36.64RANBAXY LABORATORIES 35.92RURAL ELECTRIFICATION CORPORATION 35.78JUBILANT ORGANOSYS 33.45CIPLA 32.32COAL INDIA LIMITED 27.47IDFC 27.33TATA POWER 27.31RELIANCE INFRASTRUCTURE 25.26B P C L 19.74JAYPEE INFRATECH 18.40BANK OF BARODA 17.93UNION BANK OF INDIA 17.38MUNDRA PORT & SEZ 12.93ALLAHABAD BANK 11.29VIJAYA BANK 10.18IDEA CELLULAR 6.94
Holdings Market Value(Rs. in Lakhs)
Last 1 year
Last 3 years -6.80%
Since Inception 9.24%
Benchmark (Sensex) Return Last 1 year 17.43
15.73%
%
ANNUALISED RETURNS
DIVIDEND HISTORYMonth Dividend (Rs./Unit)
Oct-07 1.50
NAV (Rs.) as on 31/12/2010: DIVIDEND: 12.5815; GROWTH: 14.1868
NAV (Rs.) as on 31/12/2010; Dividend: 11.4307; Growth: 31.9245
ANDHRA BANK 6.04H P C L 1.44ZEE TELEFILMS 0.35Total Equity 4031.37Debt Total - Debt 0.00Commercial Paper 0.00Bank Deposits CORPORATION BANK 0.00Cash 'n' Call, Current Assets & Receivables 244.73
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
1% if exit within 1 year
Rs. 5000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
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/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
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.
To provide capitalgrowth by investing in index stocks.
Equity - Index
Sensex / Nifty / Sensex Advantage
Dividend / Growth
Nil
1% if exit within 1 year
Rs. 2000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
16th April 98
To obtain maximum possible growth consistent with reasonable levels of safety and security by investing mainly in equities.
Equity - Diversified
Dividend / Growth
Nil
1% if exit within 1 year
Rs. 2000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
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
1% if exit within 1 year
Rs. 1000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Mrs. Bichitra Mahapatra
Growth Fund Balanced Fund Equity Fund
Opportunities Fund Tax Plan Floater MIP
1st September 99
To provide capital growth by investing in a mix of equity instruments.
Equity - Diversified
Dividend / Growth
Nil
1% if exit within 1 year
Rs. 2000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
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 / Growth
Nil
Nil
Rs. 5,00,000/-
Redemption on all business days
On all business days
STP
Available
Daily / Weekly / Monthly
Shri A. R. Nayak
Index Fund
MUTUAL INTEREST2 15MUTUAL INTEREST
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
Shri A. R. Nayak
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
1% if exit within 1 year
Regular Plan: Rs. 5,000/-PF Plan: Rs. 10000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
Quarterly
Shri A. R. Nayak
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
1% if exit within 1 year
Rs. 5000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
As and when available
Shri S. Ramasamy
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/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
Monthly / Daily / Weekly
Shri A. R. Nayak
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/-
Redemption on all business days
On all days
STP
Available
Daily
Shri A. R. Nayak
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
1% if exit within 1 year
Rs. 5000/-
Redemption on all business days
On all business days
SIP / SWP / STP / AWOCA
Available
Monthly / Quarterly / Yearly
Mrs. Bichitra Mahapatra
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/-.
Redemption on all business days
On all days
SIP / SWP / STP / AWOCA
Available
Daily / Weekly
Shri A. R. Nayak
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
Redemption on all business days
On all business days
SIP / STP
Available
As and when available
Mrs. Bichitra Mahapatra
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
Fund Manager
Launch Date
Objective
Type
Plans
Options
Entry Load
Exit Load
Minimum Investment
Liquidity
NAV Declaration
Special Facilities
Nomination
Dividend Frequency
Fund Manager
LICMF UNIT LINKED INSURANCE SCHEME An Open-ended Insurance linked Tax Saving Scheme
EQUITY PORTFOLIO (as on 31/12/2010)
EQUITY PORTFOLIO (as on 31/12/2010)
TOTAL FUND (as on 31/12/2010) : Rs. Lakh12627.02
NAV (Rs.) as on 31/12/2010 : 10.4209
Last 1 year 8.36%Last 3 years -6.04%Since Inception 11.82%Benchmark (C BalanceEx) Return (Last 1 year) 13.21%
ANNUALISED RETURNS
(Past Performance may or may not be Sustained in Future)
Holdings Rating Market Value(Rs. in Lakhs)
Equity B H E L 670.43O N G C 659.63R I L 634.95TATA POWER 619.80INFOSYS TECHNOLOGIES 585.65H D F C BANK 422.37HOUSING DEVELOPMENT FINANCE CORPN 422.21S B I 365.44TATA CONSULTANCY SERVICES 349.52TATA TEA 270.88L & T 267.17H P C L 254.38G A I L 237.01M & M 229.38CIPLA 221.94SIEMENS 205.19PUNJAB NATIONAL BANK 183.28TATA STEEL 169.74I C I C I BANK 137.36TATA MOTORS 130.63JINDAL STEEL & POWER 124.81JUBILANT ORGANOSYS 120.02STERLITE INDUSTRIES 111.96H C L TECHNOLOGIES 91.21DR REDDYS LABORATORIES 83.13M U L 71.03COAL INDIA LIMITED 61.04INDIAN HOTELS 16.75TOTAL - EQUITY 7716.88
DEBT PORTFOLIO (as on 31/12/2010)
Holdings(Rs. in Lakhs)
Rating Market Value
DebtDECCAN CHRONICLE AA 717.49PUNJ LLOYD AA 710.65SHRIRAM TRANSPORT FINANCE AA 390.99R E C AAA 106.20MAGMA FINCORP AA- 1,589.93RELIANCE CAPITAL AAA 400.00TOTAL - DEBT 3915.27Bank DepositsTotal - Bank Deposits Commercial Paper 0.00TOTAL - Commercial Paper 0.00Cash 'n' Call, Current Assets & Receivables 994.87
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 securities 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,
Risk Factors: Mutual Fund 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. Past performance of the Sponsor / AMC / Mutual Fund does not indicate the future performances of the schemes of the Mutual Fund. 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 Cr towards the setting up of the Mutual Fund. The NAV of the units of the scheme may be affected by changes in general level of interest rates. Please read the Scheme Information Document, Statement of Additional Information carefully before investing. Copy of the SID, SAI, KIM and Application Form may be obtained from our Offices / Website / R&T Agent. Statutory Details: LIC Mutual Fund has been set up as a Trust sponsored by Life Insurance Corporation of India. LIC Mutual Fund Asset Management Company Ltd. is the Investment Manager to the Fund.
