Investment Objective: To provide return through growth in the NAV or through dividend distribution and reinvestment thereof Asset

Allocation pattern of the scheme: Types of instruments Equity and Equity Linked Instruments Debt securities Money market instruments plan
10 year plan or 15 year plan Target amount The minimum and maximum target amount of investment under the scheme is Rs.15,000/- and Rs.5,00,000/- (Rs.4,99,500 under the 15 year Plan) respectively. Payment of contributions (a) The first/initial contribution shall have to be paid along with the application for joining the scheme. Subsequent contributions (renewal contributions) are required to be paid by the unit holders either half-yearly or annually or any number of contributions upfront to the extent desired by the unit holder or at such other intervals, as the UTI AMC may permit from time to time, as per the option indicated by him at the time of joining the scheme. The period and mode of contribution once exercised is final and cannot be changed. (b) When the unit holder joins the 10 year plan, the amount of each contribution shall be 1/20th of the target amount in the case of the half-yearly mode of payment and 1/10th of the target amount in the case of the annual mode of payment. For the unit holders joining the scheme for 15 years, each contribution shall be 1/30th of the target amount in the case of the halfyearly mode of payment and 1/15th of the target amount in case of the annual mode of payment. (c) The half-yearly renewal contributions (RC) shall fall due on the first day of the seventh month from the month in which initial contribution is paid and the month in which the unit holder had joined the scheme (the due month). If the yearly mode is opted, the RC will fall due every year on the first of the month in which the unit holder had joined the scheme. Illustratively, if the initial contribution is paid in the month of January, the half yearly contributions will fall due on the first day of the months of July and January every year. Similarly, in case of yearly mode all the subsequent contributions shall fall due on the first day of the month of January every year. However, the unit holder may be allowed to pay the renewal contributions in advance. (d) Depending on the “due month” for payment of the renewal contribution as detailed above, the renewal contribution has to be paid latest by the 1st of the “due month” otherwise the policy will lapse and no cover will be available.

Normal Allocation (% of Net Assets) Minimum 0%, Maximum 40% Minimum 60%, Maximum 100% No fixed allocation will normally be made for money market instruments

UTI-Unit Linked Insurance Plan (UTI-ULIP)
Eligible Investors Investment is open to the following categories of investors (both resident as well as NRIs) between the age of 12 years and 55 1/2 years in case of the 10 year plan and between the age of 12 and 50 1/2 years for the 15 year plan, at the time of joining the plan on each occasion: (a) An adult male person. (b) An adult female person having regular and independent source of income. However adult female persons having no regular income of their own are allowed to participate in the scheme subject to the life insurance cover being restricted to Rs.2,00,000/- even if the target amount chosen by them is above Rs.2,00,000/-. c) A minor above 12 years of age through his parent. However, such minors having no regular and independent source of income will not be eligible for the life insurance cover.

(d) Investment can also be made in the name of the spouse/children above the age of 12 years. (e) The age of the applicant at entry to the scheme will be the one, which is as on the date on which UTI AMC accepts his application. (f) A physically handicapped person can also join the scheme subject to lapse of 5 years from the date of event causing physical handicap and his holding gainful employment at the time of application and subject to such conditions as may be prescribed. Other Benefits 1. Life insurance cover to the extent of the unpaid but not due amount of the chosen target amount. 2. Personal accident insurance cover upto Rs.50,000/-, irrespective of the target amount chosen or the number of investments made in the scheme. 3. At present, on payment of all the renewal contributions and completion of the chosen plan period, a bonus of 5% and 7.5% of the target amount is payable under the 10 and 15 year plans respectively. At present, those who continue in the scheme even after maturity will get a post-maturity bonus @ 0.5% of the target amount after maturity for each completed year provided he/she has not withdrawn any amount earlier. The maturity bonus as well as postmaturity bonus shall be accrued on a daily basis for all unit holders. Benchmark Indices CRISIL MIP Blended Index and CRISIL Balanced Fund Index. Dividend policy Generally the income earned by or accrued to the scheme will be ploughed back in the scheme and therefore the scheme may not make any dividend distribution. However, in appropriate circumstances, dividend may be distributed. Dividend distribution, if any, will automatically get reinvested in the scheme. Name of the fund manager: Sidharth Dembi Performance of the scheme as on March 31, 2006 Compounded Annualised Returns Last 1 year Last 3 year Last 5 year Since inception Scheme Returns % 15.19 18.84 7.50 8.74 CRISIL MIP Blended Index % 6.06 9.59 N.A N.A CRISIL Balanced fund Index % 22.13 18.53 N.A N.A

Expenses of the Scheme Load Structure : Entry load : Nil Exit load : 2% in case of withdrawal before maturity

Recurring expenses : (a) First Rs.100 crores - 2.25% (b) Next Rs.300 crores - 2.00% (c) Next Rs.300 crores - 1.75% (d) Balance - 1.50%

Actual expenses for 01.04.04 to 31.03.05 : 1.53%

Termination of membership
(a) Any unit holder whose RC remains unpaid even after the expiry of the period specified under ‘payment of contributions’ above, shall cease to participate in the scheme forthwith unless otherwise decided by the UTI AMC. Insurance cover on the life of such a unit holder will also stand to terminate simultaneously. (b) A unit holder whose participation in the scheme stands terminated in terms of sub-clause (a) above, may approach the UTI AMC not later than one year from the first day of the month of the earliest contribution in default, to revive his participation. This request will be considered subject to such terms and conditions as may be prescribed by the UTI AMC in consultation with the LIC or any insurance company as the case may be.

"Unit Trust of India" means the Unit Trust of India established under the Unit Trust of India Act, 1963. The Unit Trust of India (UTI) has the world's largest share in domestic mutual fund industry. UTI Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation Ltd. The Bank today is capitalized to the extent of Rs.232.86 Crores with the public holding at 47.50 %. Mutual Fund Industry in India The Evolution The formation of Unit Trust of India marked the evolution of the Indian mutual fund industry in the year 1963. The primary objective at that time was to attract the small investors and it was made possible through the collective efforts of the Government of India and the Reserve Bank of India. The history of mutual fund industry in India can be better understood divided into following phases: Phase 1. Establishment and Growth of Unit Trust of India - 1964-87 Unit Trust of India enjoyed complete monopoly when it was established in the year 1963 by an act of Parliament. UTI was set up by the Reserve Bank of India and it continued to operate under the regulatory control of the RBI until the two were de-linked in 1978 and the entire control was tranferred in the hands of Industrial Development Bank of India (IDBI). UTI launched its first scheme in 1964, named as Unit Scheme 1964 (US-64), which attracted the largest number of investors in any single investment scheme over the years. UTI launched more innovative schemes in 1970s and 80s to suit the needs of different investors. It launched ULIP in 1971, six more schemes between 1981-84, Children's Gift Growth Fund and India Fund (India's first offshore fund) in 1986, Mastershare (Inida's first equity diversified scheme) in 1987 and Monthly Income Schemes (offering assured returns) during 1990s. By the end of 1987, UTI's assets under management grew ten times to Rs 6700 crores.

Phase II. Entry of Public Sector Funds - 1987-1993 The Indian mutual fund industry witnessed a number of public sector players entering the market in the year 1987. In November 1987, SBI Mutual Fund from the State Bank of India became the first non-UTI mutual fund in India. SBI Mutual Fund was later followed by Canbank Mutual Fund, LIC Mutual Fund, Indian Bank Muatual Fund, Bank of India Mutual Fund, GIC Mutual Fund and PNB Mutual Fund. By 1993, the assets under management of the industry increased seven times to Rs. 47,004 crores. However, UTI remained to be the leader with about 80% market share.