Sundaram BNP Paribas Asset Management A member of November 2008 Sundaram BNP Paribas Asset...

Sundaram BNP Paribas Asset Managementwww.sundarambnpparibas.in

A member of

November 2008

Sundaram BNP Paribas Asset Management

Sundaram BNP Paribas Asset Management2www.sundarambnpparibas.in

Quick background

Investment manager for Sundaram BNP Paribas Mutual Fund sponsored by Sundaram Finance & Newton Group in 1996. Newton exited in 2002

BNP Paribas Asset Management (BNPP AM) became a partner in 2006

The company is now a joint venture between

Sundaram Finance (50.1 % stake)

BNPP AM (49.9 % stake)

The sponsors have an equal say in management and offer significant synergy

An experienced local asset manager in India

Track record of close to 12 years

60 per cent is in equity assets

A team of 20 investment professionals

Expertise in equity & fixed-income

Acclaimed funds

Website: www.sundarambnpparibas.in


Custodians

SEBI

Sundaram Finance Limited

BNP Paribas Asset Management

Sundaram BNP Paribas Trustee Company Limited

Sundaram BNP Paribas Asset Management Company Limited

Sundaram BNP Paribas Mutual Fund C A M S

Standard Chartered / HDFC Bank / HSBC

Sponsors

Investment ManagerTrustee

Mutual FundTransfer Agent

Structure for mutual fund business

Investor


Sundaram BNP Paribas Mutual Fund

Organised as a Trust


Company

• Investment manager for mutual fund

• Investment advisory

• Portfolio management services

Sundaram BNP Paribas Trustee

Company

Launches funds

• Safeguard interest of investors in the mutual fund

• Oversight of the Investment Manager Ownership

Role profile & ownership pattern

Sundaram Finance (50.1%)

BNP Paribas Asset Management (49.9%)


BNP Paribas Investment Partners

Mon

ey m

arke

ts

Euro

pean

fixe

d in

com

e

Equit

ies

Index

ed m

anag

emen

t

Structured investments

Multi-management

Wealth management

Employee retirem

ent

Funds of hedge funds

Hedge funds

Currency management

Credit and structured credit

Private equity

Global fixed income

Environmental

Asset Allocation

& savings schemes

New

mar

kets

A member


Vision, Mission & Philosophy

To take the least cost and most effective solution

Never ever take short cuts

Admit and share mistakes - internally

Take necessary steps to avoid repetition of work

Respect others, their needs, religion and sentiments

Be on time always

Communicate freely and maintain confidentiality

Develop and maintain trust

Work as a coherent team

To be a significant

player in the Indian

asset management

space and be one of the

top ten asset managers

To provide people

the best experience

in accessing

financial markets

• Respect others, their needs and sentiments

• Develop and maintain trust

• Communicate freely and maintain confidentiality

• Be on time always

• Never ever take short cuts

• Admit and share mistakes …


Bouquet of well-defined products

Equity Funds

Select Focus

Select Mid Cap

Select Small Cap

Growth Fund

India Leadership

S.M.I.L.E. Fund

Equity Multiplier

Tax Saver

Balanced Fund

Select Thematic Funds

Capex Opportunities

Rural India

Energy Opportunities

Financial Services Opportunities

Entertainment Opportunities

Fund of Funds

Global Advantage

Fixed- Income Funds

Money Fund

Liquid Plus

Bond Saver

Floating Rate Fund – Long Term & Short Term

Fixed Term Plans

Capital Protection 3 years

Capital Protection 5 years

Monthly Income Plan

S.M.I.L.E. denotes Small & Medium Indian Leading Equities

Monthly Income Plan is not an assured income scheme


Products on risk-return spectrum

Risk-return map for products based

on relative returns and risk and

does not provide any indication

about performance in the future LOW

HIGH

India Leadership

S.M.I.L.E

Rural India

Global Advantage

Tax Saver

Select Midcap

Select Focus

Growth

Floating Rate-Long-Term

Floating Rate-Short-Term

Money Fund

Monthly Income Plan

Balanced

Fixed Term Plans

Bond Saver

Energy Opportunities

Equity Multiplier

Liquid Plus

Capex Opportunities

Select Small Cap

Financial Services Opportunities

Entertainment Opportunities


Assets under management

Data Source: FactsheetPast performance may or may not be sustained

AUM as on November 30, 2008

Rs Crore

Money Market

12%

Fixed Income

32%

Equity56%

Break up

AUM does not include assets under advisory

AUM Growth in $ Billion

0.1 1.9November 2008August 2001

9371

612

Au

g-0

1

Jan

-02

Jun

-02

No

v-0

2

Ap

r-0

3

Se

p-0

3

Fe

b-0

4

Jul-

04

De

c-0

4

Ma

y-0

5

Oct

-05

Ma

r-0

6

Au

g-0

6

Jan

-07

Jun

-07

No

v-0

7

Ap

r-0

8

Se

p-0

8


A member of

Sponsors1.Sundaram Finance


The group was founded by Mr. T V Sundaram Iyengar in 1911 as a bus service

Considered as one of the most respected names in Indian business

Leaders in quality management

Pioneers in employee welfare, customer satisfaction and values

Origin of Sundaram FinanceTVS - a reputed & diversified business group


Founded to serve TVS group customers

1954

1970-1990

Established a strong presence in financing commercial vehicles

1990s-

Targeted capture of retail space in financial services

Reliance on organic growth and joint ventures with foreign partners to capitalise on new opportunities

Established in 1954 as a subsidiary of Madras Motor and General Insurance (part of the TVS Group)

Founded by Sri T S Santhanam (1912-2005)

IPO in 1972

Origin of Sundaram FinanceTVS’ automobile business


Positive brand experience

Brand survey findings

Perceived as higher on all parameters reinforcing positive experience

Performance has always exceeded promise

Highest level of word-of-mouth recommendation

Customer loyalty deepens with longer association

Service

OpennessFair play

Integrity Discipline

Relationships Prudence


The Sundaram Finance group

Sundaram Finance Distribution Royal Sundaram General Insurance

Sundaram Business Services

Sundaram Info Tech Solutions

LGF Services Limited


Sundaram BNP Paribas Home Finance

Infreight Logistics Solutions

Sundaram BNP Paribas Trustee Company Joint venture between Royal & Sun Alliance UK and Sundaram Finance


Key financials of Sundaram Finance

Financial Year

Equity Net-Worth

Receivables Pre-Tax Earnings

Post-Tax Earnings

Dividend Market Cap

Rs Crore Rs Crore Rs Crore Rs Crore Rs Crore % Rs Crore Rs Crore

1991 12 42 458 35 12 25 3 86

1996 24 228 1637 128 65 35 8 547

2003 24 487 2670 82 46 75 18 227

2004 24 523 3093 101 56 70 17 533

2005 28 683 4488 145 76 75 22 675

2006 28 811 5452 227 171 135 38 931

2007 28 878 7070 165 100 105 29 1099

2008 28 1043 8924 303 213 150 42 1610

Figures are only for Sundaram Finance; Increase in equity is only due to conversion of reserves to equity

Source: Annual Report of Sundaram Finance & Earnings Statement for FY 08

Financial Year: April of Year T to March of Year T+1


A member of

Sponsors2.BNP Paribas Asset

Management


Global Framework: BNP Paribas group

French Retail Bank

International Retail Banking & Financial

Services

BNL Banca

Commerciale

BNP PARIBAS

Retail Bank Asset Management & Services Corporate & Investment Banking


Distribution & Business Development

Investment Management Support Functions

BNP Paribas Securities Service

BNP Paribas Private Bank

BNP Paribas Real Estate

BNP Paribas Assurance

BNP Paribas Personal Investors


A world-wide footprint

Asset Management and Client Servicing Centres

Client Servicing Centres

IstanbulParisLondonMilan Madrid

AmsterdamBudapestFrankfurtGenevaLisbonLuxembourgPragueViennaZurich

CasablancaBahrainKuwait

India Hong KongSeoulShanghaiTokyo

BeijingBruneiKuala LumpurMelbourneSingaporeSydneyTaipei

Americas

Middle east / Africa

Europe

AsiaNew YorkBostonSão PauloBuenos AiresMontevideo

Saudi Arabia


Expandin

g invest

ment

opport

unit

y s

et

&

expert

ise

Time

1964

BNP and Paribas establish their asset management business

2001

• Overlay AssetManagement (foreign exchange)

• Fauchier Partners(funds of hedge funds)

2003

CooperNeff Alternative Managers(single hedge funds)

2005

• FundQuest (managed a/cs)Exchange Traded Funds (EasyETF)

• Sundaram BNP Paribas Asset Management(India)

• TEB Asset Management(Turkey)

2000BNP and Paribas merge

Multi-specialist approach

1999

Fischer Francis Trees & Watts (global fixed income)

1998• Shinhan

ITMC (Korea)• BMCI

Gestion (Morocco)

2004

SYWG BNP Paribas Asset Management

(China)

2006

BNP Paribas Private Equity

2007

Impax(Environmental markets)

2008

S A I B (Saudi Arabia)

Financial strength as part of BNP Paribas Group

2,250 professionals worldwide in 30 countries

AUM: $ 520 billion as of March 31, 2008


• Global Fixed Income

and Credit

Management

• European Fixed

Income

• Total Return

• Money Markets

FIXED INCOME

Expertise that works for you

● Placing the client first by locating our Client Relationship Managers close to their markets● Ensuring suitable investment solutions through dialogue with product specialists


• Global and Regional

Equities

• Equities – market

cap and style

portfolios

• Emerging Markets

EQUITY

• Hedge Funds

• Funds of Hedge

Funds

• Private Equity

• Multi-Strategy

• Currency

Management

ALTERNATIVES

• Structured Products

• Indexed Products

• Asset Allocation

• Multi-Management

• Wealth Management

MULTI-EXPERT SOLUTIONS

• Retirement & Saving Schemes


Multiple asset classes, diversified client-base

Asset Class

Structured Investments

4%

Indexed Investments

4%

Money Market 18%

Asset Allocation

18%

Alternative & Currency Overlay 7%

Bonds & convertible

s 28%

Equities 21%

Source: BNP Paribas Asset Management; as at March 2008 including assets under advisory

Client Profile

Pension Funds19%

Banks28%

Others8%

Insurance9%

Employee5%

Corporations13%

Central Banks16%

Associations2%

Profile of AUM

AUM: $ 520 billion as of March 31, 2008


A member of

The Sundaram BNP Paribas Edge


Fundamentals &Management Assessment

Investment process

Fund Mangers+ Economist RESEARCH TEAM

External ResearchPublished InformationCompany Visit

Recommended List

Internal Investment Committee

Final Fund Portfolio

APPROVED BUY LIST

ExecutiveCommittee

STOCK SELECTIONTop-Down

Approach

Fund Themes Sector and Stock Limits

Bottom-Up Stock Picking

Po

rtfo

lio

Co

nst

ruct

ion

Idea

Flo

w &

R

esea

rch

Ap

pro

val

of

Sto

cks

Best Trade Execution

Risk Management

Norms

Idea Generation

Diversification

Liquidity

An active fundamental approach


Robust and transparent investment process

Process is as important as the end result

Process is meant to control emotions

Stay true to defined parameters

All actions should be explainable

A disciplined team approach

To build a group where every member understands the goals

Fund managers are expected to adhere to the investment objectives of individual funds at all times

Clearly defined products

An extensive product range for all risk/return profiles

Quality service

Emphasis on quality at all levels is the key to long-term success

Key strengths


Key strengths

Robust in-house research

Ability to

identify ideas early

zero in on the right stocks

show patience

be disciplined in selling

Rigorous risk management and compliance to contain risks without sacrificing performance

Acclaimed track record for several products

Class leading large-cap and mid-cap funds (Select Focus & Select Mid Cap)

High share of equity assets in the AUM


The fund management team

Satish Ramanathan, a CFA Charter Holder, is the Head-Equity. He is a graduate from IIT

Chennai and has specialised in Finance & MIS in his MBA. He has extensive experience in the

asset management business with stints in research at Sundaram BNP Paribas Asset

Management and in fund management with Franklin Templeton. He has been involved in

equity research for more than a decade and brings expertise in tracking several key sectors in

the Indian economy.

Satish Ramanathan manages Select Mid Cap, Tax Saver, Select Small Cap, Equity

Multiplier & Entertainment Opportunities

K. Ramkumar is the Head-Fixed Income. He is a science graduate from Madras University

and a Cost Accountant. He is a Certified Associate of Indian Institute of Bankers and has

completed a Diploma in Business Finance from the ICFAI, Hyderabad. He has over 15 years

experience in the Mutual Fund Industry. His prior experience includes 12 years with UTI

Mutual Fund and 4 years with SBI Funds Management.

Ramkumar manages Floating Rate Fund, Bond Saver and is the co-fund manager

for Liquid Plus & Fixed Term Plans.


Srividhya Rajesh, a CFA Charter Holder, focuses on the

equity markets. She is also a management graduate from BITS Pilani

and has completed specialized courses in equity research and financial

applications from ICFAI, Hyderabad. She has been with the company

from 1996. A two-year stint at the broking arm of Kotak Mahindra opened

a window to the equity markets.

Srividhya Rajesh manages Select Focus & Capex

Opportunities

J Venkatesan, a Cost Accountant and a Post-Graduate in

Commerce, has an experience of more than two decades in the banking

and asset management businesses. A seven-year stint at Canara Bank

was followed by a shift to the asset management industry through

CanRobeco Mutual Fund. With a rich experience of close to ten years in

fund management, he joined the company in January 2006.

Venkatesan manages Growth Fund, India Leadership, Rural

India, Financial Services Opportunities

S Krishnakumar is an engineer from REC (now National Institute

of Technology), Trichy, he completed his MBA from LIBA, Chennai. He has

worked for 18 years of which the latest eleven years relate to the equity

markets. Before joining our fund house, he was Vice President (Research)

at Anush Shares & Securities.

Krishnakumar manages for the S.M.I.L.E Fund & Energy

Opportunities

Rahul Pal focuses on the fixed-income space. He is a Chartered

Accountant. A three-year stint at IDBI Treasury provided an apt learning

ground on the intricacies of fixed-income market. Rahul then joined

Sundaram BNP Paribas Asset Management with an active role in fund

management.

Rahul Pal manages Money Fund and is the co-fund

manager for Liquid Plus & Fixed Term Plans.

The fund management team


Risk management as an independent function ensures effective risk control

Risk management is a complement to the investment process

The objective of the risk management process is to monitor and measure the risks of portfolio construction, diversification and holdings and their contribution to the overall risk profile of each fund with clear definitions of process and procedures

Investment risk:

Market risk: Identification, measurement and control of market risks

Credit risk: Maintenance and control of target limits & risk measurement

Valuation risk: Mark-to-market & definition of processes and methodology

Support to investment team in performance analysis

Risk control parameters for new products & risk disclosures in Scheme Information Document

To perform risk analysis, third-party as well as proprietary tools are used

Risk managementA vital part of the process


Establish risk policy

Evaluate performance

Review major risk factors

Confirm risk action plan

Risk Officer

Global Compliance Officer

Monitor internal risk budget

Measure performance

Analyze funds’ risk

Review of new products risk

Risk Committee Compliance Officer

Govern internal control

Compliance monitoring

Review legal documents

New product filings

Share risk policy

Report risk factors on a regular basis

On site review, when and where necessary

• With BNPP AM New Markets CIO,

CRO and BNPP AM Strategist

Discuss investment strategy &

performance and review risk

A clear risk organisationManaging Director

BNPP AM New Markets Monthly Meeting

Risk management


A member of

Relative Performance Card

2007

Awards & Accolades

Track RecordNovember 2008


Peer comparison

Fund 2007 Three Months

Six Months

One Year

Two Years

Three Years

Five Years

Growth Fund

Select Focus

Select Mid Cap

Tax Saver

India Leadership

S.M.I.L.E.

Capex Opportunities

Liquid Plus

Returns & Ranking as of December 31 2007; Data Source: Value Research; Quartiles comparison: in house; Past performance is not an indicator of future performance

If there are 100 funds: Q 1:ranks 1-25, Q 2: ranks 26-50, Q3: ranks 51-75 and Q4: ranks 76-100

Quartile 1

Quartile 2

Quartile 3

Quartile 4

Dominant top-quartile presence


Returns & Ranking as of December 31 2007; Data Source: Value Research; Quartiles comparison: in house; Past performance is not an indicator of future performance

Fund 2007 Three Months

Six Months

One Year

Two Years

Three Years

Five Years

Growth Fund

Select Focus

Select Mid Cap

Tax Saver

India Leadership

S.M.I.L.E.

Capex Opportunities

Rural India

Equity Multiplier

Select Small Cap

Quartile 1 Quartile

2 Quartile 3

Quartile 4

Comparison with all equity fundsDominant top-quartile presence


LIPPER Global Top 100

Fund

For Disclaimers & Risk Factors, please refer slide 38 & 39

Select Focus

CNBC TV18-CRISIL Award Best Large-Cap

Fund 2007 & 2006

CRISIL~CPR 2

ICRA Five-Star Fund

Value Research

LIPPER Global Top 100 Fund

Select Mid CapCNBC TV18-CRISIL

Award Best Diversified Fund

2006

Value Research

Growth

Tax Saver

CRISIL~CPR 1

Value Research


Awards & accolades

BalancedICRA Five-Star Fund

1-year track record 2007

CRISIL ~ CPR 2

3 - year track record

CRISIL ~ CPR 2

LIPPER Global Top 120

Fund

Rural India

Value Research


For Disclaimers & Risk Factors, please refer slide 38 & 39

India Leadership

CNBC TV18-CRISIL Award Best Emerging

Equity Fund 2005

ET Rating: Platinum

ICRA Five-Star Fund


S.M.I.L.E Fund Capex Opportunities

Awards & accolades


ICRA Five-Star FundLIPPER Global

Top 100 Funds

CRISIL~CPR 2

CRISIL AAAf Rating

1-year track record 2007

3 - year track recordCRISIL

AAAf RatingMoney Fund CRISIL ~ CPR 2

Liquid Plus

CRISIL~CPR 2

CRISIL~CPR 2Value Research

Value Research


Track record of equity funds

Past Performance may or may not be sustained in future

Fund / Index One Year Two Years Three Years Four Years Five Years

Growth Fund -56.5 -16.7 0.7 10.3 14.9

BSE 200 -56.7 -19.6 -1.6 6.8 10.5

Sensex -53.0 -18.5 1.1 9.9 12.5

Tax Saver -46.8 -8.4 6.2 18.2 23.4

BSE 200 -56.7 -19.6 -1.6 6.8 10.5

Sensex -53.0 -18.5 1.1 9.9 12.5

Select Mid Cap -56.5 -20.4 2.8 15.3 20.6

BSE Mid Cap -66.3 -28.9 -11.6 2.1 7.8

CNX Mid Cap -58.6 -19.2 -4.8 5.9 11.0

Select Focus -50.6 -8.6 9.6 18.0 19.6

Nifty -52.2 -16.5 1.3 8.9 11.3

Sensex -53.0 -18.5 1.1 9.9 12.5

India Leadership -56.2 -17.6 0.0 12.6

Nifty -52.2 -16.5 1.3 8.9

BSE 500 -58.1 -20.6 -2.6 6.6

Benchmark highlighted in italicsComputed using NAV of Growth Option. Returns in % and as of November 2008


Fund / Index One Year Two Years Three Years

S.M.I.L.E. Fund -57.6 -16.1 -1.6

CNX Mid Cap -58.6 -19.2 -4.8

BSE 500 -58.1 -20.6 -2.6

Capex Opportunities -62.3 -17.0 3.7

BSE Capital Goods -67.5 -15.5 5.1

BSE 500 -58.1 -20.6 -2.6

Rural India -60.0 -21.3

BSE 500 -58.1 -20.6

Sensex -53.0 -18.5

Equity Multiplier -55.6

CNX Mid Cap -58.6

Sensex -53.0

Select Small Cap -62.4

BSE Small Cap -68.6

BSE Mid Cap -66.3

Computed using NAV of Growth Option. Returns in % and as of November 2008

Past Performance may or may not be sustained in futureBenchmark highlighted in italics

Track record of equity funds


8.9 8.9 8.9

10.3

9.010.0

1 Month 15 Days 1 Week

Track record of fixed-income funds

Past Performance may or may not be sustained in future Computed using NAV of Growth Option. Returns in %, as on November 30, 2008

Money Fund

Liquid Plus

Floating Rate-Short Term

Fund

Benchmark

For track record of other funds please refer factsheet

9.5 9.3 9.410.3

9.310.0


9.7 9.610.410.3

9.310.0



Disclaimer

The disclosures, disclaimer and risk factors highlighted on this page are also available at www.sundarambnpparibas.in. A reference to this disclosures & disclaimer page may also be appended as a hyper-link to e-mails sent on behalf of Sundaram BNP Paribas. Asset Management and this page at www.sundarambnpparibas.in can be accessed by clicking on the hyperlink appended to such e-mails. If you reach this page at www.sundarambnpparibas.in through a hyperlink contained in a communication issued by Sundaram BNP Paribas Asset Management, this page must be treated an integral part of that communication. Please note his page contains important information that you must read. Past performance may or may not be sustained in future. Past performance is no guarantee of future result. Mutual Fund Investments are subject to market risks. Please read the offer document carefully before investing. For more details on fund-specific features, detailed risk factors and information on Sundaram BNP Paribas Asset Management, please read the Offer Document and/or visit www.sundarambnpparibas.in. Copy of the offer document, key information memorandum and application form may also be obtained from the offices / investor service centres of Sundaram BNP Paribas Asset Management, its distributors and online. Scheme-Specific Risk Factors: Applicable for all funds: Change in Government policy in general and changes in tax benefits applicable to mutual funds may impact the returns to Investors. For any overseas investments: country risk, currency risk and geopolitical risk, to name a few (Not applicable for Sundaram BNP Paribas Tax Saver and income schemes). Sundaram BNP Paribas Select Focus: Higher volatility due to a concentrated portfolio Sundaram BNP Paribas Select Mid Cap: Lack of liquidity at times and volatility Sundaram BNP Paribas Select Small Cap: Illiquidity risks are higher and may lead to higher impact costs. Impact costs are different from brokerage and custodian charges and not be minimised or eliminated. Unlisted equity can also affect liquidity. Prices may be more volatile. Greater sensitivity and vulnerability of smaller companies to changing economic conditions, lack of depth in management, difficulty in raising funds and be developing or marketing new products or services, outdated technologies, lack of bargaining power with suppliers, low entry barriers and issues of transparency and corporate governance enhance risks associated with small-cap stocks. Sundaram BNP Paribas Small and Medium Indian Leading Equities Fund (S.M.I.L.E) Fund: Small-cap stocks are generally more illiquid. Sundaram BNP Paribas Equity Multiplier: Risk of non-diversification Sundaram BNP Paribas Select Thematic Funds Capex Opportunities: Long gestation periods; pace at which investments materialize; incidence of taxation, government policy & firm-level inefficiency. Sundaram BNP Paribas Select Thematic Funds Rural India Fund:Vagaries of nature such as erratic monsoon, failure of crop & drought, to name a few; cyclical / seasonal factors. For any overseas investments relevant to rural-theme: country risk, currency risk and geopolitical risk. General Risk Factors:All mutual funds and securities investments are subject to market risks, and there can be no assurance or guarantee that fund's objectives will be achieved. NAV may go up or down, depending on the factors and forces affecting the securities market. Main types are market risk, liquidity risk, credit risk and systemic risks.At times, liquidity of investments may be impaired. There is uncertainty of dividend distribution and risk of capital loss. Past performance of the Sponsor/Asset Management Company/Fund does not indicate the future performance. Investors in the schemes are not being offered any guaranteed or indicated returns. The names of the schemes do not in any manner indicate either quality or future prospects and returns. Statutory: Mutual Fund: Sundaram BNP Paribas Mutual Fund is a trust under Indian Trusts Act, 1882 Sponsors (Liability is limited to Rs 1 lakh): Sundaram Finance Ltd & BNP Paribas Asset Management. Investment Manager: Sundaram BNP Paribas Asset Management Company Ltd. Trustee: Sundaram BNP Paribas Trustee Company Ltd. Lipper Top 100 Ranking: Five funds of Sundaram BNP Paribas Asset Management has featured in the World's 100 top-performing equity funds of Lipper as per a report provided by global fund intelligence agency Lipper, a Thompson Reuters Company. The report, highlighting the 100 top- performing equity funds in the world during the year 2007, is based on the study of all funds under the equity asset class tracked by Lipper using total returns in INR,, and having a minimum track record of at least one year as of December 2007 end. 24,887 equity funds (primary) qualified for the study.All returns are denominated in INR for the period ending on 31st December 2007. Data source: Lipper, a Thompson Reuters Company (www.lipperweb.com) Past performance is no guarantee of future result. Lipper Top 120 Ranking: Three funds of Sundaram BNP Paribas Asset Management featured in the World's 120 top-performing equity funds (making for a total of eight in the Top 120) of Lipper as per a customised report using the same parameters used for Lipper Top 100 equity funds report. Data source: Lipper, a Thompson Reuters Company (www.lipperweb.com). Past performance is no guarantee of future result. CNBC TV18-CRISIL Award: Sundaram BNP Paribas Select Focus was among the two schemes that won the CNBC TV18-CRISIL Mutual Fund of theYearAward in the Large- Cap Oriented Equity Fund Category for 2006 and 2007 from 23 schemes and 22 schemes that were considered for the award. Schemes present in all four quarter CRISIL CPRs were considered for the award. The award is based on consistency of scheme’s performance in the four quarterly CRISIL CPR rankings released during the calendar year 2006 and 2007. The individual CRISIL CPR parameter scores averaged for the four quarters were further multiplied by the parameter weight as per the CRISIL CPR methodology to arrive at the final scores. The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the 2-year period ending December 31, 2006 and December 31 2007, Concentration and Liquidity of the scheme. The methodology does not take into account entry & exit loads.A detailed methodology of the CRISIL CPR is available at www.crisil.com. Past performance is no guarantee of future results. Past performance is no guarantee of future result. Rankings and Award Source: CRISIL FundServices, CRISIL Ltd. ICRA Ranking: Open-end diversified equity – defensive: (period ending December 31, 2007) Sundaram BNP Paribas S.M.I.L.E. Fund: A Five Star Fund for 1-year performance (Schemes considered: 73) Sundaram BNP Paribas Select Focus Fund: Five Star Fund for 3 year performance. (Schemes considered: 41) Sundaram BNP Paribas India Leadership Fund: Five Star Fund for 3 year performance (Schemes considered: 41) Sundaram BNP Paribas Balanced Fund has been ranked as a Five Star Fund in the category of ‘Open Ended Balanced’ schemes for its 1 year performance till December 31, 2007. (Schemes considered: 15). Past performance is no guarantee of future result. ICRA Five-Star Award indicates Best Performance (Top 10% of the category) The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration, portfolio turnover and liquidity. The ranking methodology did not take into account entry and exit loads imposed by the Fund. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of the funds. Past performance is no guarantee of future result. Ranking Source & Publisher: ICRA Online Limited ET Rating: ET Investor’s Guide does not accept responsibility for consequences of financial decisions taken by readers on the basis of information provided by the rating’. Past performance is no guarantee of future result. Source: ET Quarterly MF Tracker December 2007. Value Research Rating: Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted-average monthly returns for the past three- and five-year periods. These ratings do not take into consideration any entry or exit load. Five-stars indicate that a fund is in the top 10 per cent of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 22.5 per cent of its category. The number of schemes in each category is mentioned along side the categories name. Equity Diversified (125), Equity Tax Planning (21) and Liquid Plus – Super Institutional (16). These fund ratings are as on November 30, 2008 Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds. Value Research does not guarantee the accuracy. Past performance is no guarantee of future Source: Value Research


Disclaimer

CRISIL CPR Rankings: The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the two-year period as on September 30, 2008, Concentration and Liquidity of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indicati on of the performance that can be expected from the scheme in future. CRISIL CPR~1 - The composite performance of Sundaram BNP Paribas Tax Saver is “Very Good" in the Equity Linked Savings Schemes Category, and ranks within the top 10% of the 21 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas Growth Fund - Growth is “Good" in the Open-End Diversified Equity Schemes Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas Select Focus - Growth is “Good" in the Open-End Large-Cap Oriented Equity Schemes Category, and ranks within the top 90% of the 90 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas India Leadership Fund - Growth is “Good" in the Open-End Diversified Equity Schemes Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas S.M.I.L.E Fund - Growth is “Good" in the Open-End Diversified Equity Schemes Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Capex Opportunities is “Good" in the Open End Diversified Equity Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Balanced Fund is “Good" in the Open End Balanced Fund Category, and ranks within the top 30% of the 16 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Money Fund - Regular is “Good" in the Liquid Fund Category and ranks within the top 30% of the 29 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Money Fund– Super Institutional is “Good" in the Liquid Fund – Super Institutional Category, and ranks within the top 30% of the 19 schemes ranked in this category. Ranking Source: CRISIL FundServices, CRISIL Limited Past performance is no guarantee of future result. CRISIL AAAf Rating: This rating indicates that the portfolio holdings of Sundaram BNP Paribas Money Fund provide strong protection against losses from credit defaults. The AAAf rating is valid only for Sundaram BNP Paribas Money Fund. The rating of CRISIL is not an opinion of the Asset Management Company's willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund that could vary with market developments. CARE AAAf Rating: CARE's fund quality rating is not a recommendation to purchase, sell, or hold a security/fund. It neither comments on the current market price, suitability for a particular investor nor on the prospective performance of the fund with respect to appreciation, volatility of net asset value (NAV), or yield of the fund. The ratings do not address the funds ability to meet the payment obligations to investors. The sources it considers reliable. CARE does not perform an audit in connection with any rating and may, on occasion, rely on unaudited information. The ratings may be changed, suspended, or withdrawn as a result of change in, or unavailability of such information, or based on other circumstances. Direct Investment: There will be no entry load for direct applications received by the asset management company. Applications submitted to asset Management Company or collection centres/investor service centres that are not routed through any distributor/agent/broker will qualify for this purpose. An investor while making the applications shall write in the space provided in the application form / or tick in the box provided against the mode of investment as ‘Direct’ and strike off the broker code. No entry and exit load will be applicable on dividend reinvestment and for bonus units. General Disclaimer: INVESTMAP, the Fact Sheet (referred to as document in the Disclaimer/Disclosures page) is issued by Sundaram BNP Paribas Asset Management, an investment manager registered with the Securities and Exchange Board of India in India and is produced for information purposes only. It does not constitute a prospectus or offer document or an offer or solicitation to buy any securities or other investment. Information and opinion contained in this document are published for the assistance of the recipient only; they are not to be relied upon as authoritative or taken as a substitution for exercise of judgment by any recipient. They are subject to change without any notice and not intended to provide the sole basis of any evaluation of the instrument discussed or offer to buy. It is neither a solicitation to sell nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever or be taken as investment advice. The information and opinions contained in this communication have been obtained from sources that Sundaram BNP Paribas Asset Management believes to be reliable; no representation or warranty, express or implied, is made that such information is accurate or complete and it should not be relied upon as such. Sundaram BNP Paribas Asset Management neither guarantees its accuracy and/or completeness nor does it guarantee to update the information from time to time. This communication is for private circulation only and for the exclusive and confidential use of the intended recipient(s) only. Any other distribution, use or reproduction of this communication in its entirety or any part thereof is unauthorized and strictly prohibited. By accepting this document you agree to be bound by the foregoing limitations. This communication is for general information only without regard to specific objectives, financial situations and needs of any particular person who may receive it and Sundaram BNP Paribas Asset Management is not soliciting any action based on this document. Sundaram BNP Paribas Asset Management in the discharge of its functions, may use any of the data presented in this document for its decision-making purpose and is not bound to disclose the same. Copies of the offer document and application form with key information memorandum may be obtained from the offices of Sundaram BNP Paribas Mutual offices and its authorized distributors or downloaded from www.sundarambnpparibas.in . For scheme specific risk factors, asset allocation, load structure, fund facts and taxation aspects please refer offer documents available online and at branches/Investor Service Centres, Note on Returns: As per the SEBI standards for performance reporting, “since inception” returns are calculated based on Rs 10 invested at inception of the funds. For this purpose the inception date is deemed to be the date of allotment. Returns are computed using NAV of the Growth Option where a separate Dividend and Growth option is available from inception and an adjusted-series of NAV for Sundaram BNP Paribas Growth Fund and Sundaram BNP Paribas Tax Saver for dividends declared before separate Dividend & Growth Options were introduced. Returns for period in excess of one year is on a compounded annual basis; the returns are net of fees and expenses but before taking into effect of entry load. Returns to investors may be lower to the extent of entry load and timing of investment in the fund. Past performance may or may not be sustained in future and the numbers should not be used as a basis for comparison with other investments. Quartile Disclaimer: The ranks derived on the basis of the methodology described in the Ranking Disclaimer has been used as the basis for categorising funds into first quartile (top 25% of funds by rank), second quartile (the second 25% by rank), third quartile (the third 25% by rank) and fourth quartile (the fourth 25% by rank). For example, if there are 100 funds, funds ranked between 1-25 will be quartile I, 26-50 Quartile 2, 51-75 Quartile 3 and 76-100 Quartile 4. The research on historical performance on which the quartiles and ranking are based has been sourced from Value Research, NAV India (an independent third party vendor of fund intelligence in India) and Bloomberg. The performance for ranking purposes has been reckoned as on December 31, 2007. The ranking of every fund in the primary category as of the two dates is available in an excel sheet at www.sundarambnpparibas.in. The analysis of the information has been carried in good faith in-house by Sundaram BNP Paribas Asset Management. The comparison does not take account into scheme-specific features such as specific asset allocation pattern, specific cap-curve or thematic orientation, entry/exit loads, expenses and fees and respective benchmarks for each fund considered for analysis. Attributes such as style and portfolio composition may also differ though the funds invest predominantly in equity and this latter aspect provides a common thread for creating a sub-category of comparable funds. Past performance may or may not be sustained in future. Past performance does not guarantee future result. Peer set excel comparison for each sub-category is also available at www.sundarambnpparibas.in


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