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August 2008
 
Return for the period less than 1 Year are Absolute and greater than 1 Yearare Compounded Annualised.Note: As per SEBI standards for performance reporting, the since inceptionreturns are calculated on Rs. 10/- invested at inception.Past performance may or may not be sustained in future.
BSE 100AIG India Equity Fund
(10.00)(20.00)(30.00)(40.00)-10.00
1 YearSince Inception
AIG India Equity Fund
(An open ended equity scheme)
AIG Investments is a global leader in asset management with extensive capabilities in equity, fixed income, hedge, private equity and real estate investments. Member companies of AIGInvestments manage more than US $758 billion in assets (including approximately US $621 billion of AIG - affiliated assets) and employ over 2,100 professionals in 46 offices around theworld as of June 30, 2008. AIG Investments is the asset management arm of American International Group, Inc. (NYSE:AIG).
PORTFOLIO
as on 29 Aug 2008
NAV
as on 29 Aug 2008
TOP 5 SECTORS
Sector% of NAV
Banks12.87Petroleum Products11.61Industrial Capital Goods7.82Consumer Non Durables7.10Telecom - Services5.95
as on 29 Aug 2008
FUND FACTS
Inception DateBenchmarkNo. of StocksMinimum InvestmentAdditional Investment Amount
22 June, 2007BSE 100
Regular Plan
Rs. 5000/-
Institutional Plan
Rs. 5 crore
SIP 
Rs. 1000/-
Regular Plan
Rs. 5000/-
Institutional Plan
Rs. 5 lakh36
INVESTMENT OBJECTIVE
The investment objective of the Scheme is togenerate long-term capital appreciation froma diversified portfolio of predominantly equityand equity-related securities including equityderivatives.Rs. 687.51 crores
as on 29 Aug 2008
Portfolio ManagerFund Corpus
Tushar PradhanAIG India Equity Fund is a diversified equityfund with NO BIASES. AIG India Equity Fundhas the flexibility to invest across companieswithout having any bias towards aparticular sector, investing style or marketcapitalization range.Stocks belonging to different marketcapitalizations and sectors exhibit varieddegrees of performance during variousmarket cycles. No single sector, marketcapitalization orientation or style hasoutperformed consistently over the long term.The key to consistent long term performanceis to have the flexibility to pick stocks withouthaving any restraints on account of style,sector, theme or market capitalization.
INVESTMENT RATIONALE
Scheme Name Rs.
AIG India Equity Fund - Regular - Dividend8.708AIG India Equity Fund - Regular - Growth8.708AIG India Equity Fund - Institutional - Dividend8.764AIG India Equity Fund - Institutional - Growth8.764as on 29 Aug 2008
PERFORMANCE (%)
CATEGORISATION OF STOCKS
B C D
EXCEPTIONALGROWTHHIGH STABLEGROWTHHIGH CYCLICALGROWTHMATURECOMPANIES
Soundness ofbusiness planGrowth at a reasonable priceTimeliness of investment Value witha trigger
A
Name of the InstrumentSector% to NATotal of Top 10 Equity Holdings48.67Total of Top 20 Equity Holdings74.86TOTAL EQUITY HOLDINGS98.82MONEY MARKET / DEBT / CASH & CASH EQUIVALENT1.18GRAND TOTAL100.00EQUITY & EQUITY RELATED INSTRUMENTS
Reliance Industries Ltd.Petroleum Products9.32Housing Development FinanceCorporation Ltd.Finance5.11State Bank of IndiaBanks5.00Larsen & Toubro Ltd.Diversified4.90Bharat Heavy Electricals Ltd.Industrial Capital Goods4.47Oil and Natural Gas Corporation Ltd.Oil4.47ITC Ltd.Consumer Non Durables4.12Tata Chemicals Ltd.Fertilisers 3.90HDFC Bank Ltd.Banks3.71Bharti Airtel Ltd.Telecom - Services3.65United Phosphorus Ltd.Pesticides3.42Tata Steel Ltd.Ferrous Metals3.15IPCA Laboratories Ltd.Pharmaceuticals3.00Colgate Palmolive (India) Ltd.Consumer Non Durables2.98Sterlite Industries Ltd.Non - Ferrous Metals2.92Reliance Communication Ltd.Telecom - Services2.30Reliance Petroleum Ltd.Petroleum Products2.29ICICI Bank Ltd.Banks2.18Siemens Ltd.Industrial Capital Goods1.99Indian Overseas Bank Ltd.Banks1.97Nava Bharat Ventures LtdNon - Ferrous Metals1.97Bosch LimitedAuto Ancillaries 1.91Maruti Suzuki India Ltd.Auto1.89Jaiprakash Associates Ltd.Construction1.79CESC Ltd.Power 1.70Gujarat State Petronet Ltd.Gas1.60IVRCL Infrastructures andProjects Ltd.Construction1.56Satyam Computer Services Ltd.Software1.53Deccan Chronicle Holdings Ltd.Media & Entertainment1.44JSW Steel Ltd.Ferrous Metals1.39HCL Infosystems Ltd.Telecom - Equipment &Accessories1.38Bharati Shipyard Ltd.Industrial Capital Goods1.36Mahindra & Mahindra Ltd.Auto1.26Great Offshore Ltd.Oil1.16Shree Cement Ltd.Cement 1.07Zee Entertainment Enterprises Ltd.Media & Entertainment0.95
Categorisationof Stocksbased onEconomicGrowth Cycle
B C DA
No of Stocksin the portfoliounder eachcategory
0188 10
 
AIG Infrastructure and Economic Reform Fund
(An open-ended equity scheme)
PORTFOLIO
as on 29 Aug 2008
NAV
as on 29 Aug 2008
TOP 5 SECTORS
Sector% of NAV
as on 29 Aug 2008
FUND FACTSINVESTMENT OBJECTIVE
The investment objective of the Scheme is togenerate long-term capital appreciationfrom a diversified portfolio of predominantly(at least 65%) equity and equity-relatedsecurities of companies involved ineconomic development of India as a result of potential investments in infrastructure andunfolding economic reforms.
Portfolio ManagerFund Corpus
Tushar PradhanRs. 307.68 crores
as on 29 Aug 2008
as on 29 Aug 2008
PERFORMANCE (%)
Absolute returns of Regular Plan - Growth Option.Note: As per SEBI standards for performance reporting, the since inceptionreturns are calculated on Rs. 10/- invested at inception.Past performance may or may not be sustained in future.
BSE 100
AIG Infrastructure and EconomicReform Fund
Scheme Name Rs.
AIG Infrastructure and EconomicReform Fund - Reg - Dividend6.885AIG Infrastructure and EconomicReform Fund - Reg - Growth6.885AIG Infrastructure and EconomicReform Fund - IP - Dividend6.906AIG Infrastructure and EconomicReform Fund - IP - Growth6.906
Industrial Capital Goods21.88Banks12.82Construction11.33Power 10.16Pharmaceuticals5.73
Inception DateBenchmarkNo. of StocksMinimum InvestmentAdditional Investment Amount
25 February, 2008BSE 100
Regular Plan
Rs. 5000/-
Institutional Plan
Rs. 5 crore
SIP 
Rs. 1000/-
Regular Plan
Rs. 5000/-
Institutional Plan
Rs. 5 lakh31
CATEGORISATION OF STOCKS
B C D
EXCEPTIONALGROWTHHIGH STABLEGROWTHHIGH CYCLICALGROWTHMATURECOMPANIES
Soundness ofbusiness planGrowth at a reasonable priceTimeliness of investment Value witha trigger
A
Categorisationof Stocksbased onEconomicGrowth Cycle
B C DA
No of Stocksin the portfoliounder eachcategory
0197 5
Since Inception-60.00-50.00-40.00-30.00-20.00-10.000.00Atlanta • Bangkok • Barcelona • Berlin • Birmingham • Bucharest • Budapest • Buenos Aires • Cairo • Dallas • Dubai• Dublin • Glasgow • Hartford • Hong Kong • Houston • IstanbulJakarta • Johannesburg • Kuala Lumpur • London • Los Angeles • Madrid • Manila • Melbourne • Mexico City • Milan • Moscow • Mumbai • Nairobi • New York • Prague • Rome • SanFrancisco • San Juan• Santiago • Seoul • Sao Paulo • Shanghai • Singapore • Taipei • Tokyo • Toronto • Vienna • Warsaw • Zurich
Name of the InstrumentSector% to NATotal of Top 10 Equity Holdings43.15Total of Top 20 Equity holdings73.25TOTAL EQUITY HOLDINGS94.07MONEY MARKET / DEBT / CASH & CASH EQUIVALENT5.93GRAND TOTAL100.00EQUITY & EQUITY RELATED INSTRUMENTS
Glaxo SmithklinePharmaceuticals Ltd.Pharmaceuticals5.73Container Corporation of India Ltd.Transportation5.18Maharashtra Seamless Ltd.Ferrous Metals4.71Larsen & Toubro Ltd.Diversified4.64State Bank of IndiaBanks4.56ABB Ltd.Industrial Capital Goods3.85Grasim Industries Ltd.Cement 3.78Tata Power Company Ltd.Power 3.70CESC Ltd.Power 3.51ICICI Bank Ltd.Banks3.49Reliance Industries Ltd.Petroleum Products3.47Bharat Heavy Electricals Ltd.Industrial Capital Goods3.33Simplex Infrastructures Ltd.Construction3.06Power Finance Corporation Ltd.Finance3.05Bharat Electronics Ltd.Industrial Capital Goods3.00Kalpataru Power Transmission Ltd.Power 2.96Punj Lloyd Ltd.Construction2.94Indraprastha Gas Ltd.Gas2.90Great Offshore Ltd.Oil2.77Bank of IndiaBanks2.61Alstom Projects India Ltd.Industrial Capital Goods2.28Siemens Ltd.Industrial Capital Goods2.26Oriental Bank of CommerceBanks2.15Elecon Engineering Company Ltd.Industrial Capital Goods2.09IVRCL Infrastructures andProjects Ltd.Construction1.99Bharat Bijlee Ltd.Industrial Capital Goods1.92Sobha Developers Ltd.Construction1.72ABG Shipyard Ltd.Industrial Capital Goods1.67SREI Infrastructure Finance Ltd.Finance1.64Gayatri Projects Ltd.Construction1.62EMCO Ltd.Industrial Capital Goods1.48
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