POWER OF RUPEE COST AVERAGING

SIP performance over 5 years

HDFC Top 200 Reliance Growth Fund Sundaram BNP Paribas Select MidCap Tata Pure Equity Fund

Date NAV Unit Date NAV Unit Date NAV Unit Date NAV Unit

10/11/2003 34.25 29.20 10/11/2003 63.44 15.76 10/11/2003 21.19 47.18 10/11/2003 19.14 52.25

10/12/2003 36.04 27.75 10/12/2003 70.48 14.19 10/12/2003 23.80 42.03 10/12/2003 21.12 47.35

10/9/2008 131.07 7.63 10/9/2008 318.57 3.14 10/9/2008 93.42 10.70 10/9/2008 68.47 14.60

10/10/2008 98.23 10.19 10/10/2008 229.84 4.35 10/10/2008 67.45 14.83 10/10/2008 50.93 19.63

Summary : Summary : Summary : Summary :

Amount Invested : 60,000.00 Amount Invested : 60,000.00 Amount Invested : 60,000.00 Amount Invested : 60,000.00

Installment Amount : 1,000.00 Installment Amount : 1,000.00 Installment Amount : 1,000.00 Installment Amount : 1,000.00

No of Months : 60 No of Months : 60 No of Months : 60 No of Months : 60

Total Amount : 78,956.00 Total Amount : 84,566.00 Total Amount : 74,327.00 Total Amount : 71,353.00

(as on 31/10/2008) (as on 31/10/2008) (as on 31/10/2008) (as on 31/10/2008)

Return : 11.02% Return : 13.82% Return : 8.58% Return : 6.93%

No. Of Units 855.200 No. Of Units 387.410 No. Of Units 1212.500 No. Of Units 1499.740

Avg. NAV 87.26 Avg. NAV 211.39 Avg. NAV 67.35 Avg. NAV 49.29

RCA NAV 70.16 RCA NAV 154.87 RCA NAV 49.48 RCA NAV 40.01

Diff. in NAV 28.07 Diff. in NAV 74.97 Diff. in NAV 17.97 Diff. in NAV 10.92

Ratio 29% Ratio 33% Ratio 27% Ratio 21%

 POWER OF RUPEE COST AVERAGING
SIP performance over 10 years

Reliance Growth Fund Reliance Vision Fund Tata Pure Equity Fund

Date NAV Unit Date NAV Unit Date NAV Unit

10/11/1998 12.93 77.34 10/11/1998 10.33 96.81 10/11/1998 10.02 99.83

10/12/1998 12.95 77.22 10/12/1998 10.04 99.60 10/12/1998 10.03 99.70

10/9/2008 318.57 3.14 10/9/2008 189.29 5.28 10/9/2008 68.47 14.60

10/10/2008 229.84 4.35 10/10/2008 143.20 6.98 10/10/2008 50.93 19.63

Summary : Summary : Summary :

Amount Invested : 120,000.00 Amount Invested : 120,000.00 Amount Invested : 120,000.00

Installment Amount : 1,000.00 Installment Amount : 1,000.00 Installment Amount : 1,000.00

No of Months : 120 No of Months : 120 No of Months : 120

Total Amount : 630,386.00 Total Amount : 507,313.00 Total Amount : 317933.00

(as on 31/10/2008) (as on 31/10/2008) (as on 31/10/2008)

Return : 31.30% Return : 27.26% Return : 18.59%

No. Of Units 2887.960 No. Of Units 3798.796 No. Of Units 6682.480

Avg. NAV 119.01 Avg. NAV 81.01 Avg. NAV 30.79

RCA NAV 41.55 RCA NAV 31.59 RCA NAV 17.96

Diff. in NAV 188.29 Diff. in NAV 111.61 Diff. in NAV 32.97

Ratio 82% Ratio 78% Ratio 65%

( Even if Market falls by 82%, that is even if NAV of Growth falls to 41.55, the investor's Capital would still be safe due to Rupee Cost Averaging)