Investment Snapshot -- July, 2010

Dear Policyholder,

Indian stock markets posted a stellar

performance in 2009 – 10 with Nifty gaining 72%.
However, the first quarter of the New Year 2010
– 11 has been rather muted. The Nifty gained
only 1.2% during this period. It went down by
11.8% from its peak in April before recovering in
June. Notwithstanding challenges emanating
from higher interest rates, withdrawal of
stimulus packages, fiscal concerns in developed
economies etc., our investment portfolios continued their good run with an average annualized return
of 22.4% posted by the first 8 ULIP funds.

A weak global economic scenario, especially in Europe continued to haunt our markets throughout
this period. Investors sold during every up-move due to fears of a global collapse lead by a sovereign
crisis in PIIGS (Portugal, Ireland, Italy, Greece and Spain). Considering that all major global indices have
significantly under-performed in CY 2010 – USA (-7.5%); UK (-9.1%); Germany (+0.1%); Japan (-10.8%);
China (-26.7%) & Brazil (-9.5%), India’s performance is not only commendable but also proves that our
country is well-grounded on strong fundamental footings. Our growth is predominantly generated
from domestic consumption which is expected to keep the economy growing even under adverse
influences from outside.

India’s real GDP saw a strong growth rebound in FY 2010 with real GDP growth of 7.4%. The last
quarter GDP growth for FY 2010 was recorded at 8.6%. The recovery was led by Industrial Production
which has seen tremendous growth averaging 10.4% vs. 2.8% in FY 2009 and 8.6% in FY 2008. Inflation
remained a key concern for the whole year when it touched double digits, mainly due to rising
commodity and food prices. The Wholesale Price Index (WPI) inflation rate was recorded at 10.2% for
May 2010. This is expected to further rise due to government de-regulation of petrol and diesel prices
by around 0.9% in July. WPI may moderate by the end of this year to more sustainable levels.

The RBI has continued to raise rates to tackle rising inflation and may do that again on or before its
quarterly meeting on July 27th which would help in curbing rising inflation. In its last meeting, RBI
re-affirmed its stand on keeping growth on track amidst concerns on rising inflationary pressure. The
arrival of monsoons on time and expectations of normal rainfall by the meteorological department will
also help in reducing primary articles inflation, which has now reached 14.75%.

1
Investment Snapshot
Equity Market Outlook
BSE Sensex Chart (FY 2005 – 10):

• In comparison to last year, all major

economies have shown negative trends this
year, especially export-oriented economies
like China have fallen sharply. The fear of a
sovereign debt crisis in Europe is having a
strong sentimental impact on the markets.

• Nifty 50 has witnessed strong headwinds

since January 2010 and has appreciated by only
2.15%. This confirms that this year’s trend may
not be as strong as last year‘s, as markets all
over the globe try to consolidate at current
levels. The indices are currently trading at a one – year forward P/E of 15x. Market analysts are expecting
earnings’ growth to improve by around 15% by March 2011.

• FIIs pulled out sharply from the Indian markets in May but came back in June. The net FII inflow for Q1
FY 2011 was to the tune of USD 2.3bn (Rs. 10, 430cr approx.).

• Historically, equity has yielded higher real returns when compared to other asset classes. From a
medium to long term perspective, investment in Indian equity market looks attractive primarily due to the
consumption and investment led economic growth story. Policyholders having a risk appetite and seeking
higher returns may consider investing in equity markets with medium to long term horizon.

Debt Market Outlook

10 – Year G-Sec Chart (FY 2000 – 10):

• The 10-year G-Sec yields were largely

range bound for the entire period before
closing at 7.55% for the quarter.

• The provisional estimate for Index of

Industrial Production (IIP) was recorded at (+)
17.6% for April 2010 vs. consensus estimates
of 14.3% largely led by growth in Capital
Goods sector of 73% vs. 5.9% in April 2009
and 28% in March 2010.

2
Investment Snapshot

• 10-yr Corporate Bonds were recorded at 8.7% by the month-end, having a spread of 115bps over 10-yr G-Sec.

• 364 – Day T bill yields closed at 5.25% on June 30th 2010.

• The quarter’s biggest success story was in the form of Telecom auctions of 3G and BWA services.
The government generated Rs. 1, 06, 262 crores from these auctions as against the budgetary estimation of
Rs. 35, 000 crores. This would have a direct benefit of Rs. 71, 000 crores on the government’s fiscal deficit. This
would certainly result in reduced government borrowings in the second half of the year, thus resulting in
softening of yields.

Investors having lower risk appetite and seeking sustainable returns over a medium to long term horizon can
opt for fixed income funds.

• Despite the challenging market conditions, all our first 8 ULIP Funds have carried forward their good
performance, yielding an average return of 38.42% since inception, in comparison to a return of 20.94% given
by NIFTY 50 during the same period.

PERFORMANCE AT A GLANCE
FUTURE SANJEEVANI
Future Secure Future Income Future Balance Future Maximise
INDIVIDUAL Absolute Annualised Absolute Annualised Absolute Annualised Absolute Annualised
Return Return CAGR Return Return CAGR Return Return CAGR Return Return CAGR
Since Inception 23.23% 12.45% 11.85% 30.48% 16.34% 15.33% 27.03% 14.49% 13.68% 31.31% 16.78% 15.72%
Asset Held
706.78 2864.46 4511.96 10663.40
(Rs.in Lakhs)

FUTURE PENSION ADVANTAGE PLAN

Future Pension Secure Future Pension Balance Future Pension Growth Future Pension Active
INDIVIDUAL Absolute Annualised Absolute Annualised Absolute Annualised Absolute Annualised
Return Return CAGR Return Return CAGR Return Return CAGR Return Return CAGR
Since Inception 28.64% 17.51% 16.65% 31.04% 18.98% 17.97% 53.69% 32.83% 30.05% 81.95% 50.11% 44.19%
Asset Held
577.45 1095.51 1350.82 5526.94
(Rs.in Lakhs)

FUTURE GENERALI UNIT LINKED FREEDOM PLUS

Future Dynamic Growth
INDIVIDUAL Absolute Annualised
Return Return CAGR
Since Inception 7.25% 11.35% 11.58%
Asset Held
6104.53
(Rs.in Lakhs)
Note: The returns in Investment Snapshot are computed based on the first day of publication of respective funds NAV.
NAV is rounded off to 2 digits for calculating returns.

3
Investment Snapshot
The global economic scenario has been discomforting, especially for emerging market economies. The World
Bank has said that a double-dip recession could not be ruled out in some countries if investors lose faith in
efforts in Europe and elsewhere to tackle rising debt levels. The World Bank's Global Economic Prospects
2010 report highlights the point that slower growth in developed economies would deprive developing
countries of healthy markets for their goods and would cut into investment. India, however, is expected to still
grow against all adversities at around 8.6% in FY 2011 as outlined by the Finance Minster, Mr. Pranab
Mukherjee. India has been showcased as a long term investment destination by analysts/economists abroad.
Going ahead, it is believed that Indian markets will continue to offer one of the best risk – adjusted returns.

We, at Future Generali, remain committed to optimize value for you through ensuring safety, liquidity and
sustainable risk-adjusted returns on your investments.

Wishing you happiness and prosperity.

Your’s sincerely,

Nirakar Pradhan,
Chief Investment Officer,
Future Generali India Life Insurance Co. Ltd.,

4
Our Investment Committee
MR. G. N. BAJPAI, Chairman - Future Generali
Vast experience in Capital Markets and Insurance Industry; Ex Chairman SEBI & LIC; recipient of
many awards including ‘Outstanding Contribution to the Development of Finance’ from PM Dr.
Manmohan Singh. Delivered lectures at LSE, Harvard, MIT among others; addressed Seminars at
OECD and IMF

MR. K. K. RATHI, Director – Future Generali

Qualified Chartered Accountant from the Institute of Chartered Accountants of India; having
more than two decades of experience in finance and investments

DR. KIM CHAI OOI, Country Manager – Future Generali

More than 20 years of experience in insurance industry in Malaysia, Hong Kong, China and India;
had set up Generali China JV in 2001, instrumental in enabling it to achieve the status of China’s
No. 1 Foreign Insurer in 2005

MR. DEEPAK SOOD, MD & CEO – Future Generali Life

An alumnus of St. Stephens College, Delhi and a Fellow of Insurance Institute of India; he has held
many challenging assignments in his career spanning more than 21 years in the insurance industry.
Prior to his current assignment, he was MD & CEO of Future Generali India Insurance Co. Ltd.
(Non-Life).

MR. G. N. AGARWAL, Chief Actuary – Future Generali Life

35 years experience in Life Insurance & Investments. Earlier Executive Director (Actuarial) at LIC;
Currently President of Institute of Actuaries of India

MR. SAI SRINIVAS DHULIPALA, Appointed Actuary – Future Generali Life

15 years of experience in Life Insurance and Life Reinsurance in India.

MR. ANUP CHANDAK, Chief Financial Officer-Future Generali Life

A Chartered Accountant with over 13 years of experience in investment management &
insurance industry

DR. NIRAKAR PRADHAN,

Chief Investment Officer – Future Generali Life
A PhD and FRM Certified, Nirakar has over 25 years
experience in Banking, Treasury and Investment in
India and abroad

5
Future Income Fund

ABOUT THE FUND PORTFOLIO AS ON 30TH JUNE 2010 ASSET ALLOCATION

OBJECTIVE SECURITIES HOLDINGS

To provide stable returns by investing in CORPORATE DEBT 81.81%
MF
assets of relatively low to moderate level 08.19% IRFC 2019 13.27% 6.36%
09.40% GE SHIPPING 2018 23.24% G - Sec
of risk. The interest credited will be a 7.76%
10.85% REC 2018 0.69%
major component of the fund’s return. The 10.95% REL GAS 2019 9.73%
fund will invest primarily in fixed interest 11.08% LIC HSG FIN LTD 2018 0.12%
11.25% PFC 2018 7.27% FD
securities, such as Govt. securities of
4.06%
medium to long duration and Corporate
2.00%INDIAN HOTEL CO. LTD 2019 10.80%
9.68% IRFC 2010 0.38%
Bonds and money market instruments for 9.85% SUNDARAM FINANCE 2020 16.32%
liquidity.

STRATEGY GOVERNMENT SECURITIES 7.76%

Investments in assets of low or moderate 07.83% AP SDL 2019 7.76%
risk. Corporate
Debt
81.81%
ASSET ALLOCATION MUTUAL FUNDS 6.36%
Composition Min. Max. LICMF LIQUID FUND GROWTH 5.91%
Fixed Interest SBI MAGNUM INSTA CASH FUND 0.45%
Investments, Cash
0% 100%
and Money Market FIXED DEPOSIT 4.06% NAV AS ON 30TH JUNE 2010
Instruments 07.25% FEDERAL BANK 4.06% 13.09785
Equity 0% 0%

RISK RETURN PROFILE

SECTORAL ALLOCATION
Risk Low
Return Low

Infrastructure 7.27%
RATING
The rating of all the Corporate Debt in our Hotel 10.80%

portfolio is rated as AA+ or higher. Oil and Gas 9.73%

DATE OF INCEPTION Shipping 23.24%

14th JULY 2008

Power 0.69%

FUND PERFORMANCE AS ON
Housing 0.12%
30TH JUNE 2010
Returns since Publication of NAV Banking 4.06%
Absolute Return 30.48%
Annualised Return 16.34% Financial Institution 36.34%
CAGR 15.33%
G-Sec 7.76%

6
Future Balance Fund

ABOUT THE FUND PORTFOLIO AS ON 30TH JUNE 2010 PORTFOLIO AS ON 30TH JUNE 2010

OBJECTIVE SECURITIES HOLDINGS SECURITIES HOLDINGS

To provide a balanced return from CORPORATE DEBT 12.58% GOVERNMENT SECURITIES 1.15%
investing in both fixed interest securities 09.40% GE SHIPPING 2018 1.67% 07.83% AP SDL 2019 1.15%
10.95% REL GAS 2019 2.60%
as well as in equities so as to balance MUTUAL FUNDS
11.08% LIC HSG FIN LTD 2018 0.14% 16.55%
stability of return through the former and 11.25% PFC 2018 7.95% LIC LIQUID FUND GROWTH 9.55%
growth in capital value through the latter. 11.95% HDFC 2018 0.22% SBI MAGNUM INSTA CASH FUND 7.00%
The fund will also invest in money market
CERTIFICATE OF DEPOSIT 11.41%
instruments to provide liquidity. EQUITY 58.30% CORPORATION BANK 6.87%
ABB LTD INDIA 0.96% ORIENTAL BANK OF COMMERCE 4.54%
STRATEGY ACC LIMITED 2.64%
Balances high return and high risk from APOLLO TYRES LTD. 0.71% ASSET ALLOCATION
equity investments by the stability BHEL 3.37% CD
provided by fixed interest instruments. BPCL 0.23% MF 11.41% Corporate
16.55% Debt
CIPLA LIMITED 0.77% G - Sec 12.58%
ASSET ALLOCATION FORTIS HEALTHCARE LTD. 0.68% 1.15%
Composition Min. Max. GAIL INDIA LIMITED 1.79%
Fixed Income GE SHIPPING CO. LTD. 0.81%
including Money GEODESIC LTD 0.51%
Market Instruments 10% 70% EQUITY
HDFC 1.25% 58.30%
HDFC BANK LIMITED 3.13%
Equity 30% 90% HINDUSTAN UNILEVER LIMITED 1.14%
ICICI BANK LTD 1.09% SECTORAL ALLOCATION
RISK RETURN PROFILE IDFC 0.94%
Infrastructure 11.58%
Risk Medium INFOSYS TECH. LTD 3.08%
Return High ITC LTD 1.23% Tyre 0.71%

JAIPRAKASH ASSO.LTD 2.70% Cement 3.40%

RATING KOTAK MAHINDRA BANK LTD 1.11% Health 0.68%

The rating of all the Corporate Debt in our LARSEN & TOUBRO LIMITED 3.95%
M & M LIMITED 1.94% Steel 3.21%

portfolio is rated as AA+ or higher. MPHASIS LIMITED 0.12% Capital Goods 10.35%

NHPC 0.46% Auto 4.06%

DATE OF INCEPTION NTPC 0.95%
IT 5.54%
14th JULY 2008 ONGC LTD 0.86%
POWER GRID CORP.LTD. 0.37% Pharma 1.34%

FUND PERFORMANCE AS ON RELIANCE INDUSTRIES LTD 3.36% FMCG 2.38%

30TH JUNE 2010 RELIANCE INFRA.LTD 1.37% Oil and Gas 8.85%
Returns since Publication of NAV SAIL 0.18%
Absolute Return 27.03% SIEMENS INDIA LTD. 2.06% Shipping 2.48%

Annualised Return 14.49% STATE BANK OF INDIA 3.65% Power 5.73%

CAGR 13.68% SUN PHARMA. INDS LTD 0.57% Housing 1.61%

TATA MOTORS LTD 2.12%
Banking 20.38%
NAV AS ON 30TH JUNE 2010 TATA POWER CO. LTD. 2.58%
12.68658 TATA STEEL LIMITED 3.03% Financial Institution 16.55%

TCS LTD 1.83% G-Sec 1.15%

ULTRATECH CEM CO LTD 0.76%

7
Future Maximise Fund

ABOUT THE FUND PORTFOLIO AS ON 30TH JUNE 2010 PORTFOLIO AS ON 30TH JUNE 2010

OBJECTIVE SECURITIES HOLDINGS SECURITIES HOLDINGS

To provide potentially high returns to unit EQUITY 78.44% CORPORATE DEBT 6.04%
holders by investing primarily in equities to ABB LTD INDIA 2.25% 08.19% IRFC 2019 0.28%
target growth in capital value of assets. ACC LIMITED 3.66% 09.40% GE SHIPPING 2018 3.00%
APOLLO TYRES LTD. 0.42% 10.90% REC 2013 0.11%
The fund will also be invested to a certain
BEML Ltd 0.44% 10.95% REC 2011 0.80%
extent in govt. securities, corporate bonds BHARTI AIRTEL LIMITED 0.06% 11.08% LIC HSG FIN LTD 2018 0.13%
and money market instruments. BHEL 4.29% 11.25% PFC 2018 0.69%
BPCL 0.13% 11.95% HDFC 2018 0.50%
STRATEGY CIPLA LIMITED 1.21% 2.00%INDIAN HOTEL CO. LTD 19 0.53%
Investment in a spread of equities. FORTIS HEALTHCARE LTD. 1.11%
GAIL INDIA LIMITED 2.42%
GE SHIPPING CO. LTD. 0.91% CERTIFICATE OF DEPOSIT 4.77%
Diversification by sector, industry and risk. GEODESIC LTD 0.86% CORPORATION BANK 1.92%
HDFC 2.05% ORIENTAL BANK OF COMMERCE 2.85%
ASSET ALLOCATION HDFC BANK LIMITED 4.59%
Composition Min. Max. HINDUSTAN UNILEVER LIMITED 1.61% ASSET ALLOCATION
Fixed Income ICICI BANK LTD 2.37%
including cash and IDFC 1.29% MF
Money Market 10% 50% CD
INFOSYS TECH. LTD 3.06% 10.27% 4.77%
Instruments ITC LTD 2.19% Corporate
G - Sec
Debt
Equity 50% 90% JAIPRAKASH ASSO.LTD 2.29% 0.48%
6.04%
KOTAK MAHINDRA BANK LTD 1.52%
RISK RETURN PROFILE LARSEN & TOUBRO LIMITED 4.71%
Risk High M & M LIMITED 2.21%
Return High MPHASIS LIMITED 0.54% EQUITY
NTPC 1.82% 78.44%
RATING ONGC LTD 0.69%
The rating of all the Corporate Debt in our POWER GRID CORP.LTD. 1.62% SECTORAL ALLOCATION
RELIANCE INDUSTRIES LTD 3.21% Infrastructure 4.72%
portfolio is rated as AA+ or higher. RELIANCE INFRA.LTD 2.21% Telecom 0.06%

SAIL 0.69% Tyre 0.42%

DATE OF INCEPTION SIEMENS INDIA LTD. 3.11% Cement 4.61%

14th JULY 2008 STATE BANK OF INDIA 4.87% Health 1.11%

SUN PHARMA. INDS LTD 1.70% Steel 3.75%

FUND PERFORMANCE AS ON TATA MOTORS LTD 2.49% Capital Goods 14.35%

Auto 4.70%
30TH JUNE 2010 TATA POWER CO. LTD. 3.43%
IT 6.85%
Returns since Publication of NAV TATA STEEL LIMITED 3.05% Pharma 2.91%
Absolute Return 31.31% TCS LTD 2.40% FMCG 3.80%

Annualised Return 16.78% ULTRATECH CEM CO LTD 0.95% Hotel 0.53%

CAGR 15.72% Oil and Gas 6.44%

GOVERNMENT SECURITIES 0.48% Shipping 3.90%

NAV AS ON 30TH JUNE 2010 07.83% AP SDL 2019 0.48% Power 9.99%

13.00034 Housing 2.68%

Banking 18.12%
MUTUAL FUNDS 10.27%
Financial Institution 10.55%
LIC LIQUID FUND GROWTH 6.08% G-Sec 0.48%
SBI MAGNUM INSTA CASH FUND 4.19%

8
Future Secure Fund

ABOUT THE FUND PORTFOLIO AS ON 30TH JUNE 2010 ASSET ALLOCATION

OBJECTIVE SECURITIES HOLDINGS

To provide stable returns by investing in Corporate
MF Debt
CORPORATE DEBT 0.41%
relatively low risk assets. The Fund will 9.79% 0.41% FD
24.87%
invest exclusively in treasury bills, bank 9.68% IRFC 2010 0.41%
deposits, certificate of deposits, other
money market instruments and short
GOVERNMENT SECURITIES 64.93%
duration government securities.
STATE GOVERNMENT BONDS 64.93%
STRATEGY
Low risk investment such as money FIXED DEPOSIT 24.87%
market instruments. 07.25% FEDERAL BANK 24.87%

ASSET ALLOCATION MUTUAL FUNDS 9.79%

G - Sec
Composition Min. Max. LIC LIQUID FUND GROWTH 7.03% 64.93%
Money Market, Cash SBI MAGNUM INSTA CASH FUND 2.77%
0% 100%
and Short Term Debt
Equity 0% 0% NAV AS ON 30TH JUNE 2010
SECTORAL ALLOCATION
12.36185
RISK RETURN PROFILE
Risk Low RATING
Return Low The rating of all the Corporate Debt in our portfolio is

64.93%
rated as AAA or equivalent.
DATE OF INCEPTION
14th JULY 2008

24.87%
FUND PERFORMANCE AS ON
30TH JUNE 2010

10.21%
Returns since Publication of NAV
Absolute Return 23.23%
Annualised Return 12.45%
CAGR 11.85%
G-Sec

Institution

Banking
Financial

9
Future Pension Secure Fund

ABOUT THE FUND PORTFOLIO AS ON 30TH JUNE 2010 ASSET ALLOCATION

OBJECTIVE SECURITIES HOLDINGS

MF
Preservation of nominal value of G - Sec
10.12%
CORPORATE DEBT 66.16% 5.15%

contributions along with stable returns 08.19% IRFC 2019 10.11%

over policy term so that the probability of 09.40% GE SHIPPING 2018 18.24%
10.85% REC 2018 0.41%
negative return is very low. 11.25% PFC 2018 7.12%
2.00%INDIAN HOTEL CO. LTD 2019 8.03%
ASSET ALLOCATION 9.68% IRFC 2010 0.31% FD
18.57% Corporate
Composition Min. Max. 9.85% SUNDARAM FINANCE 2020 21.94% Debt
66.16%
Money Market
Instruments,
Government Bonds 0% 100%
and Corporate GOVERNMENT SECURITIES 5.15%
Bonds 07.83% AP SDL 2019 5.15%
SECTORAL ALLOCATION
Equity 0% 0%

RISK RETURN PROFILE

42.48%
MUTUAL FUNDS 10.12%
Risk Low
Return Low LIC LIQUID FUND GROWTH 10.10%
SBI MAGNUM INSTA CASH FUND 0.03%
RATING
The rating of all the Corporate Debt in our
FIXED DEPOSIT 18.57%

18.57%

18.24%
portfolio is rated as AA+ or higher. 07.25% FEDERAL BANK 18.57%

DATE OF INCEPTION
07th October 2008 NAV AS ON 30TH JUNE 2010

8.03%

7.12%
12.88508
5.15%

FUND PERFORMANCE AS ON
30TH JUNE 2010
Returns since Publication of NAV 0.41%
Absolute Return 28.64%
Institution

Shipping

Hotel

Infrastructure
Banking

Power
G-Sec

Financial

Annualised Return 17.51%

CAGR 16.65%

10
Future Pension Balance Fund

ABOUT THE FUND PORTFOLIO AS ON 30TH JUNE 2010 PORTFOLIO AS ON 30TH JUNE 2010

OBJECTIVE SECURITIES HOLDINGS SECURITIES HOLDINGS

Preservation of nominal value of CORPORATE DEBT 55.50% GOVERNMENT SECURITIES 9.71%
contributions along with a low exposure to 08.19% IRFC 2019 10.48% 07.83% AP SDL 2019 9.71%
09.40% GE SHIPPING 2018 17.69%
high expected return, with a low
10.85% REC 2018 0.49% FIXED DEPOSIT 8.75%
probability of negative return. 10.95% REL GAS 2019 6.62% 07.25% FEDERAL BANK 8.75%
11.25% PFC 2018 6.49%
ASSET ALLOCATION 11.95% HDFC 2018 0.06% CERTIFICATE OF DEPOSIT 0.97%
Composition Min. Max. 2.00%INDIAN HOTEL CO. LTD 2019 8.11% CORPORATION BANK 0.97%
Money Market 9.68% IRFC 2010 0.39%
Instruments, 9.85% SUNDARAM FINANCE 2020 5.17% ASSET ALLOCATION
Government Bonds 80% 100%
G - Sec MF
and Corporate MUTUAL FUNDS 7.93% 7.93%
CD
9.71% 0.97%
Bonds LIC LIQUID FUND GROWTH 6.35%
Equity 0% 20% SBI MAGNUM INSTA CASH FUND 1.58%
FD
8.75%
RISK RETURN PROFILE EQUITY 17.14%
Risk Medium ABB LTD INDIA 0.34% Corporate
Return Medium ACC LIMITED 1.17% Debt
EQUITY 55.50%
APOLLO TYRES LTD. 0.44% 17.14%
RATING BHEL 1.43%
The rating of all the Corporate Debt in our BPCL 0.13%
FORTIS HEALTHCARE LTD. 0.01% SECTORAL ALLOCATION
portfolio is rated as AA+ or higher. GAIL INDIA LIMITED 0.41%
GEODESIC LTD 0.17%
DATE OF INCEPTION HDFC 0.57%
23.97%

07th October 2008 HDFC BANK LIMITED 0.65%

ICICI BANK LTD 0.42%
FUND PERFORMANCE AS ON IDFC 0.71% 17.69%

30TH JUNE 2010 ITC LTD 0.15%

Returns since Publication of NAV JAIPRAKASH ASSO.LTD 1.31%
Absolute Return 31.04% KOTAK MAHINDRA BANK LTD 0.30%
13.00%

Annualised Return 18.98% LARSEN & TOUBRO LIMITED 1.23%

CAGR 17.97% M & M LIMITED 0.55%
9.71%

ONGC LTD 0.19%

8.52%
8.20%

8.11%

NAV AS ON 30TH JUNE 2010 RELIANCE INDUSTRIES LTD 0.85%

13.13479 RELIANCE INFRA.LTD 0.23%
4.43%

SIEMENS INDIA LTD. 1.43%

STATE BANK OF INDIA 1.90%
1.58%

1.38%
0.97%
0.63%

0.62%

0.44%
0.43%

SUN PHARMA. INDS LTD 0.17%

0.17%
0.15%

0.01%

TATA MOTORS LTD 0.42%

Banking

Auto

Cement
Financial Institution

Pharma

Tyre
Housing

Shipping

Hotel

FMCG

IT

Steel

Health
Oil and Gas

Capital Goods
G-Sec

Infrastructure
Power

TATA POWER CO. LTD. 0.85%

TATA STEEL LIMITED 0.62%
TCS LTD 0.26%
ULTRATECH CEM CO LTD 0.21%

11
Future Pension Growth Fund

ABOUT THE FUND PORTFOLIO AS ON 30TH JUNE 2010 PORTFOLIO AS ON 30TH JUNE 2010

OBJECTIVE SECURITIES HOLDINGS SECURITIES HOLDINGS

Provision of high expected returns with a CORPORATE DEBT 15.69%
MUTUAL FUNDS 4.55%
09.40% GE SHIPPING 2018 10.54%
moderate probability of negative return. 10.85% REC 2018 0.02% LIC LIQUID FUND GROWTH 0.46%
11.25% PFC 2018 4.45% SBI MAGNUM INSTA CASH FUND 4.09%
ASSET ALLOCATION 11.95% HDFC 2018 0.22%
Composition Min. Max. 9.68% IRFC 2010 0.45% CERTIFICATE OF DEPOSIT 11.19%
Money Market CORPORATION BANK 4.50%
Instruments, EQUITY 64.83% ORIENTAL BANK OF COMMERCE 6.69%
Government Bonds ABB LTD INDIA 1.11%
and Corporate 30% 80%
ACC LIMITED 2.97% GOVERNMENT SECURITIES 3.75%
Bonds APOLLO TYRES LTD. 1.33% 07.83% AP SDL 2019 3.75%
BHEL 2.68%
Equity 20% 70% BPCL 0.15% ASSET ALLOCATION
CIPLA LIMITED 0.31%
MF CD
RISK RETURN PROFILE FORTIS HEALTHCARE LTD. 0.23% 4.55% 11.19%
High G - Sec
Risk GAIL INDIA LIMITED 2.42% 3.75%
Return High GE SHIPPING CO. LTD. 0.33% Corporate
GEODESIC LTD 0.33% Debt
15.69%
RATING HDFC 2.39%
The rating of all the Corporate Debt in our HDFC BANK LIMITED 3.31% EQUITY
64.83%
HINDUSTAN UNILEVER LIMITED 0.87%
portfolio is rated as AA+ or higher. ICICI BANK LTD 0.71%
IDFC 2.19% SECTORAL ALLOCATION
DATE OF INCEPTION INFOSYS TECH. LTD 0.94%
07th October 2008 ITC LTD 0.64% Infrastructure 10.03%
JAIPRAKASH ASSO.LTD 3.39% Tyre 1.33%
FUND PERFORMANCE AS ON KOTAK MAHINDRA BANK LTD 0.52%
Cement 3.40%
30TH JUNE 2010 LARSEN & TOUBRO LIMITED 5.27%
0.23%
Returns since Publication of NAV M & M LIMITED 1.98% Health

Absolute Return 53.69% NTPC 0.73% Steel 4.55%

Annualised Return 32.83% ONGC LTD 0.25% Capital Goods 11.94%

CAGR 30.05% POWER GRID CORP.LTD. 0.55% Auto 5.09%
RELIANCE INDUSTRIES LTD 4.42% IT 2.77%
NAV AS ON 30TH JUNE 2010 RELIANCE INFRA.LTD 3.97%
Pharma 2.05%
15.39746 SAIL 0.80%
FMCG 1.52%
SIEMENS INDIA LTD. 2.88%
STATE BANK OF INDIA 4.75% Oil and Gas 7.23%

SUN PHARMA. INDS LTD 1.74% Shipping 10.87%

TATA MOTORS LTD 3.11% Power 7.16%

TATA POWER CO. LTD. 1.89% Housing 2.61%
TATA STEEL LIMITED 3.75% Banking 20.49%
TCS LTD 1.49%
Financial Institution 5.00%
ULTRATECH CEM CO LTD 0.43%
G-Sec 3.75%

12
Future Pension Active Fund

ABOUT THE FUND PORTFOLIO AS ON 30TH JUNE 2010 PORTFOLIO AS ON 30TH JUNE 2010

OBJECTIVE SECURITIES HOLDINGS SECURITIES HOLDINGS

Provision of high expected returns with a CORPORATE DEBT 0.43% MUTUAL FUNDS 12.96%
11.25% PFC 2018 0.15% LIC LIQUID FUND GROWTH 4.23%
moderate probability of negative return. 11.95% HDFC 2018 0.12% SBI MAGNUM INSTA CASH FUND 8.72%
9.68% IRFC 2010 0.16%
ASSET ALLOCATION CERTIFICATE OF DEPOSIT 5.53%
Composition Min. Max. EQUITY 81.09% CORPORATION BANK 1.85%
Money Market ABB LTD INDIA 1.99% ORIENTAL BANK OF COMMERCE 3.68%
Instruments, ACC LIMITED 3.42%
Government Bonds 0% 40% APOLLO TYRES LTD. 1.88% ASSET ALLOCATION
and Corporate BEML Ltd 0.65%
Bonds BHARTI AIRTEL LIMITED 0.02% CD
MF
Equity 60% 100% BHEL 3.91% 12.96%
5.53%
Corporate
BPCL 0.18% Debt
RISK RETURN PROFILE CIPLA LIMITED 0.38% 0.43%
Risk Very High FORTIS HEALTHCARE LTD. 1.12%
Return High GAIL INDIA LIMITED 2.36%
GE SHIPPING CO. LTD. 0.76%
RATING GEODESIC LTD 0.68%
The rating of all the Corporate Debt in our HDFC 1.97%
HDFC BANK LIMITED 3.88%
portfolio is rated as AAA or equivalent. HINDUSTAN UNILEVER LIMITED 1.52%
ICICI BANK LTD 2.30% EQUITY
81.09%
DATE OF INCEPTION IDFC 1.66%
07th October 2008 INFOSYS TECH. LTD 4.15%
ITC LTD 1.06%
FUND PERFORMANCE AS ON JAIPRAKASH ASSO.LTD 3.26% SECTORAL ALLOCATION
30TH JUNE 2010 KOTAK MAHINDRA BANK LTD 2.28%
Returns since Publication of NAV LARSEN & TOUBRO LIMITED 4.82% Infrastructure 5.72%

Absolute Return 81.95% M & M LIMITED 2.44% Telecom 0.02%

Annualised Return 50.11% MPHASIS LIMITED 0.77% Tyre 1.88%

CAGR 44.19% NTPC 1.23% Cement 4.75%

ONGC LTD 0.25% Health 1.12%

NAV AS ON 30TH JUNE 2010 POWER GRID CORP.LTD. 0.77% Steel 3.67%

18.25172 RELIANCE INDUSTRIES LTD 4.69% Capital Goods 14.40%

RELIANCE INFRA.LTD 2.83% Auto 5.66%

IT 8.10%
SAIL 0.57%
Pharma 1.73%
SIEMENS INDIA LTD. 3.68%
FMCG 2.58%
STATE BANK OF INDIA 4.77%
Oil and Gas 7.49%
SUN PHARMA. INDS LTD 1.34%
Shipping 0.76%
TATA MOTORS LTD 3.22% Power 8.17%
TATA POWER CO. LTD. 3.33% Housing 2.09%
TATA STEEL LIMITED 3.10% Banking 18.76%
TCS LTD 2.49% Financial Institution 13.11%
ULTRATECH CEM CO LTD 1.33%

13
 Future Dynamic Growth Fund

ABOUT THE FUND PORTFOLIO AS ON 30TH JUNE 2010 PORTFOLIO AS ON 30TH JUNE 2010

OBJECTIVE SECURITIES HOLDINGS SECURITIES HOLDINGS

To maximise participation in an actively EQUITY 83.04% CORPORATE DEBT 6.47%
managed, well diversified equity portfolio ABB LTD INDIA 0.86% 09.40% GE SHIPPING 2018 4.16%
of fundamentally strong blue-chip ACC LIMITED 2.03% 2.00%INDIAN HOTEL CO. LTD 19 2.31%
companies while using debt instruments AMBUJA CEMENTS LTD 0.48%
to safeguard the interest of the APOLLO TYRES LTD. 2.73%
policyholder. ASHOK LEYLAND LIMITED 0.21%
BHEL 5.56% ASSET ALLOCATION
STRATEGY BPCL 0.11%
Investment in equities and debt FORTIS HEALTHCARE LTD. 2.37%
CD
GAIL INDIA LIMITED 1.05% MF
8.28%
instruments. GE SHIPPING CO. LTD. 3.32% 2.21%

HDFC BANK LIMITED 2.52% Corporate

Debt
ASSET ALLOCATION HINDUSTAN UNILEVER LIMITED 0.13% 6.47%
Composition Min. Max. ICICI BANK LTD 3.30%
Fixed Income IDFC 1.96%
Investments and INDIAN HOTELS CO. LTD. 0.96%
Money Market 0% 100% INFOSYS TECH. LTD 2.04%
Instruments.
ITC LTD 0.61%
EQUITY
JAIPRAKASH ASSO.LTD 8.48% 83.04%
Equity 0% 100% KOTAK MAHINDRA BANK LTD 2.57%
LARSEN & TOUBRO LIMITED 3.64%
RISK RETURN PROFILE M & M LIMITED 1.00% SECTORAL ALLOCATION
Risk High NHPC 0.54%
Return High NTPC 0.68% Industrial Machinery 0.56%

ONGC LTD 0.22% Infrastructure 10.44%

RATING PRAJ INDUSTRIES 0.56% Tyre 2.73%
The rating of all the Corporate Debt in our RELIANCE INDUSTRIES LTD 6.17%
Cement 3.83%
RELIANCE INFRA.LTD 2.60%
portfolio is rated as AA+ or higher. SAIL 0.10% Health 2.37%

SIEMENS INDIA LTD. 7.10% Steel 7.74%

DATE OF INCEPTION STATE BANK OF INDIA 4.79% Capital Goods 17.17%
08th October 2009 TATA MOTORS LTD 3.60%
Auto 4.82%
TATA STEEL LIMITED 7.64%
FUND PERFORMANCE AS ON TCS LTD 1.78% IT 3.82%

30TH JUNE 2010 ULTRATECH CEM CO LTD 1.32% FMCG 0.74%

Returns since Publication of NAV Hotel 3.28%
Absolute Return 7.25%
Oil and Gas 7.55%
Annualised Return 11.35% CERTIFICATE OF DEPOSIT 8.28%
CAGR 11.58% CORPORATION BANK 4.99% Shipping 7.47%

ORIENTAL BANK OF COMMERCE 3.30% Power 3.82%

NAV AS ON 30TH JUNE 2010 Banking 21.46%
10.95212 MUTUAL FUNDS 2.21%
2.21%
LICMF LIQUID FUND GROWTH 0.19% Financial Institution

SBI MAGNUM INSTA CASH FUND 2.02%

NOTE: INSURANCE IS A SUBJECT MATTER OF SOLICITATION

DISCLAIMER: This Communication is based upon the information generally available to public and considered reliable. This report does not constitute an invitation or offer
to subscribe for or purchase or sale of any security and neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever
with future generali india life insurance company limited. The past performance is not an indicator of the future performance.
Registered Office & Corporate Office Address: Future Generali India Life Insurance Co. Ltd.(Registration No. 133), 001, Delta Plaza, 414, Veer Savarkar Marg, Prabhadevi,
Dadar (W), Mumbai - 400 025 • Website: www.futuregenerali.in • Email: care@futuregenerali.in
FUTURE GROUP’S AND GENERALI GROUP LIABILITY IS LIMITED TO THE EXTENT OF THEIR SHAREHOLDING IN FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED. 14