RELIANCE MUTUAL FUND

Reliance Mutual Fund ('RMF'/ 'Mutual Fund') is one of Indias leading Mutual Funds, with Average Assets Under Management (AAUM) of Rs. 82,306 Crores and an investor count of over 66.11 Lakh folios. (AAUM and investor count as of Oct - Dec '11 Reliance Mutual Fund, a part of the Reliance Group, is one of the fastest growing mutual funds in India. RMF offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 179 cities across the country. Reliance Mutual Fund constantly endeavors to launch innovative products and customer service initiatives to increase value to investors. Reliance Capital Asset Management Limited (RCAM) is the asset manager of Reliance Mutual Fund. RCAM a subsidiary of Reliance Capital Limited, which holds 92.93% of the paid-up capital of RCAM, the balance paid up capital being held by minority shareholders. Reliance Capital Ltd. is one of Indias leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth..

Sponsor Trustee Investment Manager / AMC Statutory Details

: Reliance Capital Limited : Reliance Capital Trustee Co. Limited : Reliance Capital Asset Management Limited

: The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956.

Vision Statement To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission Statement To create and nurture a world-class, high performance environment aimed at delighting our customers.

Reliance Diversified Power Sector Fund - Retail Plan (D) 32.061 0.21 (0.67%) NAV as on Mar-23-2012 FUND FAMILY Reliance Mutual Fund FUND CLASS Thematic - Infrastructure

INVESTMENT OBJECTIVE The primary investment objective of the scheme is to seek to generate continous returns by actively investing in equity and equity related or fixed income securities of Power and other associated companies. SCHEME DETAILS Fund Type Investment Plan Launch date Benchmark Asset Size (Rs cr) Open-Ended Dividend Apr 15, 2004 BSE POWER 2,373.11 (Dec-30-2011)

Minimum Investment Rs.5000 Last Dividend Bonus Fund Manager Rs.1.50 (Mar-18-2011) View Dividend History N.A. Sunil Singhania View performance of schemes managed by the Fund Manager Notes N.A

LOAD DETAILS Entry Load Exit Load N.A 1.00%

Load Comments Exit load - 1% if redeemed/switched out on or before completion of 1 yrs from the date of allotment. CONTACT DETAILS Regd. Office Tel. No. Fax No. Email Website Kamala Mills Compound, Trade World, B-Wing, Senapati Bapat Marg, Lower Parel (W), Mumbai, 400013 022-30994600 91 22 30414899 response@reliancemutual.com http://www.reliancemutual.com/

PORTFOLIO Top Holdings (Feb 29, 12) Equity Sector Value (Rs cr) Cummins Torrent Power ICICI Bank NTPC Jaiprakash Asso Engineering Utilities Banking/Finance Utilities Cement 5.59 4.98 4.74 4.66 4.52 Asset %

Jindal Steel Reliance Infra Tata Power PTC India Jindal Stainles

Metals & Mining Utilities Utilities Services Metals & Mining

4.36 4.32 3.83 3.61 3.60

Sector Allocation (Feb 29, 12) Sector % 1-Year HighLow Engineering Utilities Metals & Mining Banking/Finance Oil & Gas Cement 24.11 20.15 14.02 7.03 5.80 4.52 26.38 22.29 15.25 7.65 6.75 4.52 22.38 20.15 11.21 6.14 5.77 3.33

Asset Allocation (%)(Feb 29, 12) Equity Others Debt Mutual Funds Money Market Cash / Call 84.72 6.99 0.00 N.A 0.00 8.29

Concentration Holdings Top 5 Top 10 Sector Top 3 (%) 24.49 44.21 (%) 58.28

RETURNS (NAV as on Mar-23-2012) Period 1 mth 3 mth 6 mth 1 year 2 year 3 year 5 year Returns (%) -3.6 19.5 -0.8 -17.6 -15.3 13.0 10.5 Rank # 27 9 24 31 26 21 2

# Moneycontrol Rank within 34 Thematic - InfrastructureSchemes. * Returns over 1 year are Annualised

Absolute Returns (in %) Year 2011 2010 2009 2008 2007 Qtr 1 -17.5 -5.0 -9.6 -26.2 -14.3 Qtr 2 -5.3 2.7 55.1 -16.5 31.7 Qtr 3 -16.9 7.2 16.4 1.0 15.1 Qtr 4 -17.8 -6.7 -0.2 -21.2 43.6 Annual -47.1 -0.7 75.9 -52.4 86.8

PEER COMPARISON
Mutual Fund Scheme Crisil Rank AUM (Rs. cr.) Dec 11 Franklin Build India Fund (G) Can Robeco Infrastructure (G) HSBC Progressive Themes (G) Rank 4 160.07 1.6 32.2 12.3 0.5 Rank 1 119.65 -0.2 15.6 5.2 0.6 2.0 27.7 11.1 Rank 1 66.41 -0.4 15.5 8.6 1.2 0.9 1mth 3mth 6mth 1yr 2yr 3yr 5yr

--

--

6.3

11.2 -1.1

Returns over 1 year are Annualised.*